XML 9 R1.htm IDEA: XBRL DOCUMENT v3.23.3
Document And Entity Information - shares
 6 Months Ended
Jun. 30, 2022
Aug. 10, 2022
Document Information Line Items    
Entity Registrant Name AGRIFY CORPORATION  
Trading Symbol AGFY  
Document Type 10-Q/A  
Current Fiscal Year End Date --12-31  
Entity Common Stock, Shares Outstanding   132,957
Amendment Flag true  
Amendment Description References throughout this Amendment No. 1 to the Quarterly Report on Form 10-Q to “we,” “us,” the “Company” or “our company” are to Agrify Corporation.This Amendment No. 1 (“Amendment No. 1”) to the Quarterly Report on Form 10-Q/A amends the Quarterly Report on Form 10-Q of Agrify Corporation for the quarter ended June 30, 2022, as filed with the Securities and Exchange Commission (“SEC”) on August 15, 2022 (the “Original Filing”).On April 12, 2023, the Audit Committee of the Board of Directors (the “Audit Committee”) of Agrify Corporation (the “Company”), in consultation with management of the Company and the Company’s independent registered public accounting firm, Marcum LLP (“Marcum”), concluded that the Company’s previously issued unaudited condensed consolidated interim financial statements as of and for the fiscal periods ended March 31, 2022, June 30, 2022 and September 30, 2022 included in the Company’s Quarterly Reports on Form 10-Q for such periods should no longer be relied upon. Similarly, earnings releases, and investor communications describing the financial statements for the periods described above should no longer be relied upon. The Company identified errors in the accounting for warrants previously issued by the Company. Specifically, the Audit Committee concluded 15,097 warrants issued in a private placement on January 28, 2022 and 34,423 warrants issued in a private placement on March 23, 2022 (collectively, the “Warrants”) should have been classified as a liability measured at fair value, with changes in fair value each period reported in earnings, rather than as a component of equity. The change in fair value of the Warrants is a non-cash charge and will be reflected in the Company’s statement of operations. Warrant amounts have been adjusted to reflect the 1-for-10 reverse stock split on October 18, 2022 and the 1-for-20 reverse stock split on July 5, 2023. Additional information regarding the reverse stock splits may be found in Note 1 – Overview, Basis of Presentation and Significant Accounting Policies, included elsewhere in the notes to the condensed consolidated financial statements.As such, the Company is restating in this Form 10-Q/A the unaudited condensed consolidated interim financial statements for the six-month period ended June 30, 2022.  
Entity Central Index Key 0001800637  
Entity Current Reporting Status No  
Entity Filer Category Non-accelerated Filer  
Document Period End Date Jun. 30, 2022  
Document Fiscal Year Focus 2022  
Document Fiscal Period Focus Q2  
Entity Small Business true  
Entity Emerging Growth Company true  
Entity Shell Company false  
Entity Ex Transition Period false  
Document Quarterly Report true  
Document Transition Report false  
Entity File Number 001-39946  
Entity Incorporation, State or Country Code NV  
Entity Tax Identification Number 30-0943453  
Entity Address, Address Line One 2468 Industrial Row Dr.  
Entity Address, City or Town Troy  
Entity Address, Country MA  
Entity Address, Postal Zip Code 48084  
City Area Code (617)  
Local Phone Number 896-5243  
Title of 12(b) Security Common Stock, par value $0.001 per share  
Security Exchange Name NASDAQ  
Entity Interactive Data Current No