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Business Acquisitions
12 Months Ended
Dec. 31, 2020
Business Combinations [Abstract]  
Business Acquisitions

Note 3 – Business Acquisitions

 

SureHarvest Consulting, LLC

 

On December 17, 2019 the Company exercised its option to acquire the remaining 40% membership interest in SureHarvest for $1.0 million in cash and 75,988 shares of common stock of WFCF valued at approximately $0.5 million based on the closing price of our stock on December 17, 2019 of $7.20 per share (all share and dollar amounts have been adjusted to reflect the 1-for-4 reverse split that occurred in December 2020). The Additional Paid-In Capital amount reflected on the Consolidated Statement of Equity includes adjustments for deferred income tax of approximately $0.1 million and reversal of the previously recorded allocation of net losses attributable to the non-controlling interest of approximately $0.4 million.

 

Postelsia Holdings, Ltd.

 

On February 21, 2020 the Company acquired all of the stock of privately held Postelsia Holdings, Ltd. (“Postelsia”) for $0.3 million in cash.