XML 64 R44.htm IDEA: XBRL DOCUMENT v3.23.1

VARIABLE INTEREST ENTITIES AND ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2022

Sanabil SA [Member]

Business Acquisition [Line Items]

SCHEDULE OF BUSINESS COMBINATION ASSETS AND LIABILITIES

The following table represents the final allocation of the purchase consideration among assets acquired and liabilities assumed at their estimated acquisition date fair values:

  SCHEDULE OF BUSINESS COMBINATION ASSETS AND LIABILITIES

		September 30,
		2021
Consideration paid:
Cash		$	332
Assumed debt			6,548
Noncontrolling interest			221
Total consideration paid		$	7,101
Net assets acquired:
Current assets		$	4,665
Current liabilities			(4,416	)
Accounts receivable
Inventory
Other current assets
Property, plant and equipment			5,413
Tradename			323
Customer relationship			453
Intangible assets
Goodwill
Total assets
Accounts payable
Other liabilities
Long-term debt
Total liabilities
Other intangible assets
Total net assets acquired			6,438
Goodwill			663
Total consideration paid		$	7,101

The carrying amount of Sanabil SA’s assets and liabilities included in the consolidated financial statements are as follows on December 31, 2022, and 2021:

		2022				2021
		December 31,
		2022				2021
		(in thousands)
Cash and cash equivalents		$	1,739			$	2,670
Accounts receivable			1,001				1,944
Inventory			2,490				936
Other current assets			6,048				3,950
Property, plant, and equipment			4,411				5,233
Intangible assets			652				777
Goodwill			573				636
Total assets		$	16,914			$	16,146
Accounts payable		$	4,170			$	3,896
Other liabilities			5,674				6,807
Long-term debt			1,060				1,061
Total liabilities		$	10,904			$	11,764

 

SCHEDULE OF OPERATING REVENUE FROM ACQUISITION

The operating results of Sanabil SA included in the consolidated financial statements are as follows:

  SCHEDULE OF OPERATING REVENUE FROM ACQUISITION

		2022				2021
		December 31,
		2022				2021
		(in thousands)
Revenues		$	22,765			$	4,840
Net income		$	426			$	179

SCHEDULE OF FUTURE RESULTS OF OPERATIONS

  SCHEDULE OF FUTURE RESULTS OF OPERATIONS

		2021				2020
		December 31,
		2021				2020
		(in thousands)
Revenues		$	20,028			$	21,915
Net loss		$	(458	)		$	(522	)

MDS Burkina [Member]

Business Acquisition [Line Items]

SCHEDULE OF BUSINESS COMBINATION ASSETS AND LIABILITIES

The following table represents the preliminary allocation of the purchase consideration among assets acquired and liabilities assumed at their estimated acquisition date fair values:

   SCHEDULE OF BUSINESS COMBINATION ASSETS AND LIABILITIES

Consideration paid:
Cash		$	6,153
Assumed debt			7,348
Noncontrolling interest			1,714
Total consideration paid		$	15,215
Net assets acquired:
Current assets		$	4,559
Current liabilities			(1,144	)
Property, plant and equipment			9,970
Total net assets acquired			13,385
Goodwill			1,830
Total consideration paid		$	15,215

The carrying amount of MDS Burkina’s assets and liabilities included in the consolidated financial statements are as follows on December 31, 2022, and 2021:

		2022				2021
		December 31,
		2022				2021
		(in thousands)
Cash		$	192			$	170
Accounts receivable			-				189
Inventory			163				1,038
Other current assets			51				2,126
Property, plant, and equipment			8,793				9,449
Goodwill			1,642				1,744
Total assets		$	10,841			$	14,716
Accounts payable		$	172			$	476
Other current liabilities			3,190				507
Long-term debt			1,714				6,621
Total liabilities		$	5,076			$	7,604

 

SCHEDULE OF OPERATING REVENUE FROM ACQUISITION

The operating results of MDA Burkina included in the consolidated financial statements are as follows:

   SCHEDULE OF OPERATING REVENUE FROM ACQUISITION

		2022				2021
		December 31,
		2022				2021
		(in thousands)
Revenues		$	2,678			$	-
Net loss		$	(906	)		$	(398	)

SCHEDULE OF FUTURE RESULTS OF OPERATIONS

   SCHEDULE OF FUTURE RESULTS OF OPERATIONS

		2021				2020
		December 31,
		2021				2020
		(in thousands)
Revenues		$	520			$	272
Net loss		$	(817	)		$	(1,001	)

MDS Mali [Member]

Business Acquisition [Line Items]

SCHEDULE OF BUSINESS COMBINATION ASSETS AND LIABILITIES

The following table represents the final allocation of the purchase consideration among assets acquired and liabilities assumed at their estimated acquisition date fair values:

  SCHEDULE OF BUSINESS COMBINATION ASSETS AND LIABILITIES

Consideration paid:
Cash		$	9,579
Assumed debt			9,723
Noncontrolling interest			4,037
Total consideration paid		$	23,339
Net assets acquired:
Current assets		$	16,715
Current liabilities			(7,293	)
Property, plant and equipment			8,289
Tradename			734
Customer relationship			1,760
Other intangible assets			20
Total net assets acquired			20,225
Goodwill			3,114
Total consideration paid		$	23,339

The carrying amount of MDS Mali’s assets and liabilities included in the consolidated financial statements are as follows on December 31, 2022, and 2021:

		2022				2021
		December 31,
		2022				2021
		(in thousands)
Cash		$	556			$	1,011
Accounts receivable			598				1,790
Inventory			1,306				3,132
Other current assets			3				7,571
Property, plant, and equipment			6,732				7,320
Intangible assets			2,072				2,287
Goodwill			2,749				2,919
Total assets		$	14,016			$	26,030
Accounts payable		$	358			$	4,493
Other current liabilities			1,456				1,017
Long-term debt			3,531				7,121
Total liabilities		$	5,345			$	12,631

 

SCHEDULE OF OPERATING REVENUE FROM ACQUISITION

The operating results of MDA Mali included in the consolidated financial statements are as follows:

   SCHEDULE OF OPERATING REVENUE FROM ACQUISITION

		2022				2021
		December 31,
		2022				2021
		(in thousands)
Revenues		$	24,061			$	15,353
Net income		$	271			$	656

SCHEDULE OF FUTURE RESULTS OF OPERATIONS

   SCHEDULE OF FUTURE RESULTS OF OPERATIONS

		2021				2020
		December 31,
		2021				2020
		(in thousands)
Revenues		$	19,348			$	11,008
Net income (loss)		$	831			$	(19	)

Trigola [Member]

Business Acquisition [Line Items]

SCHEDULE OF OPERATING REVENUE FROM ACQUISITION

The operating results of Trigola included in the consolidated financial statements are as follows for the year ended December 31, 2022, and 2021:

   SCHEDULE OF OPERATING REVENUE FROM ACQUISITION

		2022				2021
		December 31,
		2022				2021
		(in thousands)
Revenues		$	-			$	953
Net loss		$	(378	)		$	(47	)

SCHEDULE OF BUSINESS COMBINATION ASSETS AND LIABILITIES

The carrying amount of the Trigola’s assets and liabilities included in the consolidated financial statements are as on December 31, 2022, and 2021:

   SCHEDULE OF BUSINESS COMBINATION ASSETS AND LIABILITIES

		2022				2021
		December 31,
		2022				2021
		(in thousands)
Cash		$	1,943			$	98
Other current assets			162				400
Property, plant, and equipment			5,391				4,124
Total assets		$	7,496			$	4,622
Accounts payable		$	7,496			$	4,122
Other current liabilities			28				161
Total liabilities		$	7,524			$	4,283

X

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

Name:	us-gaap_BusinessAcquisitionLineItems
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
-URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(3)
-URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

+ Details

Name:	us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of transactions that are recognized separately from the acquisition of assets and assumptions of liabilities in the business combination.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)
-URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

+ Details

Name:	us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of contingent payment arrangements including the terms that will result in payment and the accounting treatment that will be followed if such contingencies occur, including the potential impact on earnings per share if contingencies are to be settled in common stock of the entity. The description also may include the period over which amounts are expected to be paid, and changes in the amount since the previous reporting period. This also includes contingent options and commitments.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionContingentConsiderationTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472

+ Details

Name:	us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_BusinessAcquisitionAxis=AFRI_SanabilSAMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_BusinessAcquisitionAxis=AFRI_MDSBurkinaMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_BusinessAcquisitionAxis=AFRI_MDSMaliMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_BusinessAcquisitionAxis=AFRI_TrigolaMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: