XML 45 R31.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Digital Assets (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Digital Assets |
Schedule of Consolidated Balance Sheets of Digital Asset | The following table presents the Company’s digital asset holdings as of December 31, 2024: Schedule of Consolidated Balance Sheets of Digital Asset
(in thousands, except for quantity) |  | Quantity |  |  | Cost Basis |  |  | Fair Value |
Bitcoin |  |  | 7 |  |  | $ | 178 |  |  | $ | 654 |
Total digital assets held as of December 31, 2024 |  |  |  |  |  | $ | 178 |  |  | $ | 654 |
Schedule of Total Digital Assets Based on the Fair Value Model | The following table presents a roll-forward of total digital assets for the year ended December 31, 2024, based on the fair value model under ASU 2023-08: Schedule of Total Digital Assets Based on the Fair Value Model
(in thousands) |  | Fair Value |
Digital assets at December 31, 2023 |  | $ | 116 |
Cumulative effect of the adoption of ASU 2023-08 |  |  | 193 |
Beginning balance: Digital assets January 1, 2024 |  | $ | 309 |
Unrealized gain on digital assets |  |  | 345 |
Digital assets December 31, 2024 |  | $ | 654 |
Schedule of Unaudited Quarterly Financial Statement | The following tables present summarized unaudited quarterly financial statement data for those impacted line items based on the Company’s adoption of ASU 2023-08: Schedule of Unaudited Quarterly Financial Statement
Consolidated Balance Sheets (unaudited): |  | March 31, 2024 |  |  | June 30, 2024 |  |  | September 30, 2024 |
(in thousands) |  | As of: |
Consolidated Balance Sheets (unaudited): |  | March 31, 2024 |  |  | June 30, 2024 |  |  | September 30, 2024 |
Digital assets, net |  |  |  |  |  |  |  |  |  |  |  |
Before adoptions |  | $ | 116 |  |  | $ | 116 |  |  | $ | 116 |
Adjustments |  |  | 370 |  |  |  | 323 |  |  |  | 327 |
As adjusted |  | $ | 486 |  |  | $ | 439 |  |  | $ | 443 |
Digital assets, net |  | $ | 486 |  |  | $ | 439 |  |  | $ | 443 |
Deferred tax assets |  |  |  |  |  |  |  |  |  |  |  |
Before adoptions |  | $ | 482 |  |  | $ | 477 |  |  | $ | 481 |
Adjustments |  |  | (91 | ) |  |  | (79 | ) |  |  | (80 | )
As adjusted |  | $ | 391 |  |  | $ | 398 |  |  | $ | 401 |
Deferred tax assets |  | $ | 391 |  |  | $ | 398 |  |  | $ | 401 |
Where Food Comes From, Inc. Notes to the Consolidated Financial Statements
Consolidated Statements of Income (unaudited): |  | March 31, 2024 |  |  | June 30, 2024 |  |  | September 30, 2024 |
(in thousands, except per share amounts) |  | Three Months Ended |
Consolidated Statements of Income (unaudited): |  | March 31, 2024 |  |  | June 30, 2024 |  |  | September 30, 2024 |
Other income (expense), net |  |  |  |  |  |  |  |  |  |  |  |
Before adoption |  | $ | 4 |  |  | $ | 4 |  |  | $ | 14 |
Adjustments |  |  | 177 |  |  |  | (47 | ) |  |  | 4 |
As adjusted |  | $ | 181 |  |  | $ | (43 | ) |  | $ | 18 |
Other income (expense), net |  | $ | 181 |  |  | $ | (43 | ) |  | $ | 18 |
Provision for (benefit from) income taxes |  |  |  |  |  |  |  |  |  |  |  |
Before adoption |  | $ | 87 |  |  | $ | 198 |  |  | $ | 181 |
Adjustments |  |  | 44 |  |  |  | (12 | ) |  |  | 1 |
As adjusted |  | $ | 131 |  |  | $ | 186 |  |  | $ | 182 |
Provision for (benefit from) income taxes |  | $ | 131 |  |  | $ | 186 |  |  | $ | 182 |
Net income per share of common stock |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  |  |  |  |  |  |  |  |  |  |
Before adoption |  | $ | 0.03 |  |  | $ | 0.09 |  |  | $ | 0.09 |
Adjustments |  |  | 0.02 |  |  |  | (0.01 | ) |  |  | - |
As adjusted |  | $ | 0.05 |  |  | $ | 0.08 |  |  | $ | 0.09 |
Basic |  | $ | 0.05 |  |  | $ | 0.08 |  |  | $ | 0.09 |
Diluted |  |  |  |  |  |  |  |  |  |  |  |
Before adoption |  | $ | 0.03 |  |  | $ | 0.09 |  |  | $ | 0.09 |
Adjustments |  |  | 0.02 |  |  |  | (0.01 | ) |  |  | - |
As adjusted |  | $ | 0.05 |  |  | $ | 0.08 |  |  | $ | 0.09 |
Diluted |  | $ | 0.05 |  |  | $ | 0.08 |  |  | $ | 0.09 |

X
- References No definition available. + Details
Name: | WFCF_DisclosureDigitalAssetsAbstract
Namespace Prefix: | WFCF_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule Of Consolidated Balance Sheets Of Digital Asset [Table Text Block] + References No definition available. + Details
Name: | WFCF_ScheduleOfConsolidatedBalanceSheetsOfDigitalAssetTableTextBlock
Namespace Prefix: | WFCF_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule Of Fair Value Of Digital Assets [Table Text Block] + References No definition available. + Details
Name: | WFCF_ScheduleOfFairValueOfDigitalAssetsTableTextBlock
Namespace Prefix: | WFCF_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 270 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1 + Details
Name: | us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration