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Inventory

6 Months Ended

Jun. 30, 2022

CIK 0001441693 Pro Farm Group, Inc

Inventory [Line Items]

Inventory

3. Inventory

Inventories consist of the following (in thousands):

​	​	​	​	​	​	​
​		JUNE 30,			DECEMBER 31,
​	​	2022		​	2021
Raw materials	​	$	4,370	​	$	3,311
Work in progress	​		1,317	​		671
Finished goods	​		5,215	​		4,651
​	​	$	10,902	​	$	8,633

​

As of June 30, 2022 and December 31, 2021, the Company had $509,000 and $422,000, respectively, in reserves against its inventories. For the three months ended June 30, 2022 and 2021, the Company recorded an adjustment of $43,000 and $158,000, respectively, as a result of actual utilization of the Company’s manufacturing plant being less than what is considered normal capacity. For the six months ended June 30, 2022 and 2021, the Company recorded an adjustment of $408,000 and $386,000, respectively, as a result of actual utilization of the Company’s manufacturing plant being less than what is considered normal capacity

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- Definition

The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-URI https://asc.fasb.org/topic&trid=2126998

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- Definition

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+ References

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