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Supplemental Information | 12 Months Ended
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Dec. 31, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract] |
Supplemental Information | 10. SUPPLEMENTAL INFORMATION Certain balance sheet amounts are as follows:
|  | December 31, |
In Thousands |  | 2020 |  |  | 2019 |
Accounts Receivable: |  |  |  |  |  |  |  |
Accounts receivable |  | $ | 4,317 |  |  | $ | 1,088 |
Receivables from growers |  |  | 570 |  |  |  | 159 |
Allowance for doubtful accounts |  |  | — |  |  |  | (125 | )
Total |  | $ | 4,887 |  |  | $ | 1,122 |
We carry receivables related to amounts we are owed by growers from their purchases of seed. These amounts reduce the cost of the grain we ultimately purchase from the grower and are repaid either on current terms or on an extended payment basis. If a grower has elected an extended payment term, they will pay a higher price per unit and grant us the right to deduct the amount we are owed from the payment we make upon the purchase of their grain. As of December 31, 2020, $0.6 million of the receivables from growers were on extended payment terms. As of December 31, 2019, this amount was zero.
|  | December 31, |
In Thousands |  | 2020 |  |  | 2019 |
Inventory: |  |  |  |  |  |  |
Raw materials |  | $ | 1,383 |  |  | $ | 2,211 |
Work-in-process |  | — |  |  |  | 272 |
Finished goods |  |  | — |  |  |  | 111 |
Total |  | $ | 1,383 |  |  | $ | 2,594 |
|  | December 31, |
In Thousands |  | 2020 |  |  | 2019 |
Land, buildings, and equipment: |  |  |  |  |  |  |  |
Land under capital lease |  | $ | 5,690 |  |  | $ | 5,690 |
Buildings |  |  | 650 |  |  |  | 650 |
Buildings under capital lease |  |  | 3,812 |  |  |  | 3,812 |
Leasehold improvements |  |  | 160 |  |  |  | 130 |
Leasehold improvements under capital lease |  |  | 10,023 |  |  |  | 10,023 |
Office furniture and equipment |  |  | 4,813 |  |  |  | 4,174 |
Office furniture and equipment under capital lease |  |  | 1,788 |  |  |  | 1,788 |
Computer equipment and software |  |  | 83 |  |  |  | 8 |
Construction in progress |  |  | 1,329 |  |  |  | 550 |
Vehicles |  |  | 58 |  |  |  | 83 |
Total land, buildings, and equipment |  |  | 28,406 |  |  |  | 26,908 |
Less accumulated depreciation and amortization |  |  | (5,546 | ) |  |  | (3,696 | )
Total |  | $ | 22,860 |  |  | $ | 23,212 |
Certain statements of operations amounts are as follows:
|  | Year Ended December 31, |
In Thousands |  | 2020 |  |  | 2019 |  |  | 2018 |
Revenue: |  |  |  |  |  |  |  |  |  |  |  |
Soybean oil |  | $ | 2,220 |  |  | $ | 1,685 |  |  | $ | — |
Soybean meal |  |  | 8,628 |  |  |  | 5,604 |  |  |  | — |
Soybean grain |  |  | 12,976 |  |  |  | — |  |  | $ | — |
Other |  |  | 27 |  |  |  | 7 |  |  |  | 236 |
Total |  | $ | 23,851 |  |  | $ | 7,296 |  |  | $ | 236 |
|  | Year Ended December 31, |
In Thousands |  | 2020 |  |  | 2019 |  |  | 2018 |
Stock-based compensation expense: |  |  |  |  |  |  |  |  |  |  |  |
Research and development |  | $ | 1,132 |  |  | $ | 2,190 |  |  | $ | 629 |
Selling and supply chain |  |  | (461 | ) |  |  | 767 |  |  |  | 408 |
General and administrative |  |  | 4,300 |  |  |  | 6,218 |  |  |  | 3,348 |
Total |  | $ | 4,971 |  |  | $ | 9,175 |  |  | $ | 4,385 |
|  | Year Ended December 31, |
In Thousands |  | 2020 |  |  | 2019 |  |  | 2018 |
Interest, net: |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  | $ | (1,435 | ) |  | $ | (1,490 | ) |  | $ | (1,257 | )
Interest income |  |  | 557 |  |  |  | 1,600 |  |  |  | 1,521 |
Total |  | $ | (878 | ) |  | $ | 110 |  |  | $ | 264 |
|  | Year Ended December 31, |
In Thousands |  | 2020 |  |  | 2019 |  |  | 2018 |
Depreciation and amortization expenses |  | $ | 1,869 |  |  | $ | 1,607 |  |  | $ | 1,081 |
Certain statements of cash flows amounts are as follows:
|  | Year Ended December 31, |
In Thousands |  | 2020 |  |  | 2019 |  |  | 2018 |
Cash, cash equivalents, restricted cash, and short-term investments: |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 17,299 |  |  | $ | 58,610 |  |  | $ | 93,794 |
Restricted cash |  |  | 393 |  |  |  | 388 |  |  |  | 381 |
Non-current restricted cash |  |  | 597 |  |  |  | 1,040 |  |  |  | 1,113 |
Cash, cash equivalents, and restricted cash |  |  | 18,289 |  |  |  | 60,038 |  |  |  | 95,288 |
Short-term investments |  |  | 11,698 |  |  |  | — |  |  |  | — |
Total |  | $ | 29,987 |  |  | $ | 60,038 |  |  | $ | 95,288 |
|  | Year Ended December 31, |
In Thousands |  | 2020 |  |  | 2019 |  |  | 2018 |
Supplemental investing and financing transactions: |  |  |  |  |  |  |  |  |  |  |  |
Non-cash additions to land, buildings, and equipment |  | $ | — |  |  | $ | 414 |  |  | $ | 7,994 |
Offering costs in accounts payable and accrued liabilities |  | $ | — |  |  | $ | — |  |  | $ | 443 |
Non-cash addition to financing lease obligations |  | $ | 37 |  |  | $ | 25 |  |  | $ | — |
Interest paid |  | $ | 1,455 |  |  | $ | 1,472 |  |  | $ | 1,086 |

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