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Related Parties
 6 Months Ended
Jun. 30, 2022
Related Party Transactions [Abstract]  
Related Parties

Note 18 — Related Parties

 

Some of the officers and directors of the Company are involved in other business activities and may, in the future, become involved in other business opportunities that become available.

 

The following table describes the net purchasing (sales) activity with entities identified as related parties to the Company:

 

    Three Months ended
June 30,		     Six Months ended
June 30,		  
(In thousands)   2022     2021     2022     2021  
Bluezone   $ —     $ 93     $ 5     $ 93  
4D Bios (1)     —       —       —       447  
Cannae Policy Group     —       —       25       —  
Topline Performance Group     38       —       70       —  
NEIA     (1,129 )     (10,895 )     (1,763 )     (16,355 )
Greenstone     409       —       180       —  
Valiant Americas, LLC     4,855       640       9,805       1,717  
Living Greens Farm     —       —       —       (58 )

 

(1) Purchases from 4D for the six months ended June 30, 2021 include $384 thousand for a down payment on inventory orders.

 

The following table summarizes net related party receivable (payable) as of June 30, 2022 and December 31, 2021:

 

(In thousands)   June 30,
2022		     December 31,
2021		  
Cannae Policy Group   $ —     $ (8 )
Cannaquip     —       (21 )
Greenstone (net of allowance for doubtful accounts of $7,079 and $0 at June 30, 2022 and December 31, 2021, respectively) (1)     5,378       11,177  
Living Greens Farm (2)     —       34  
NEIA     2,415       3,500  
Valiant Americas, LLC     98       (922 )
Topline Performance Group     (9 )     —  

 

(1)The Greenstone allowance for doubtful accounts balance consisted of capital advances, accrued interest and VFUs sales. Additional information regarding recent developments with Greenstone may be found in Note 5 – Loan Receivable, included elsewhere in the notes to the consolidated financial statements.

 

(2)The balance was fully reserved at June 30, 2022 due to an ongoing dispute with the customer.