XML 50 R38.htm IDEA: XBRL DOCUMENT
v3.23.1

Intangible Assets, Net (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Intangible Assets, Net | The Company’s intangible assets, net as of December 31, 2022 and 2021, consist of the following (in thousands):
|  | December 31, 2022 |  |  | December 31, 2021 |
|  | Gross Carrying Amount (1) |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Gross Carrying Amount (1) |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Amortized intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Intellectual property |  | $ | 144 |  |  | $ | 141 |  |  | $ | 3 |  |  | $ | 570 |  |  | $ | 419 |  |  | $ | 151 |
Customer lists |  |  | 33 |  |  |  | 31 |  |  |  | 2 |  |  |  | 400 |  |  |  | 355 |  |  |  | 45 |
Total amortizable intangible assets |  | $ | 177 |  |  | $ | 172 |  |  | $ | 5 |  |  | $ | 970 |  |  | $ | 774 |  |  | $ | 196 |
Indefinite-lived intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Brands and trademarks |  | $ | 35 |  |  | $ | — |  |  | $ | 35 |  |  | $ | 2,950 |  |  | $ | 2,662 |  |  | $ | 288 |
Total intangible asset, net |  | $ | 212 |  |  | $ | 172 |  |  | $ | 40 |  |  | $ | 3,920 |  |  | $ | 3,436 |  |  | $ | 484 |
(1) During the years ended December 31, 2022 and 2021, the Company estimated an overall decrease in the sales forecast for AW products, due to an inventory item rationalization, in addition to a decrease in the sales forecast of ISI seeds, related to the saturated hemp seed market. As a result, Arcadia performed a quantitative intangible assets impairment test. The Company used a discounted cash flow approach to develop the fair value of our acquired intellectual property, customer lists, brands and trademarks. As a result of this assessment, Arcadia recorded an impairment of intangible assets in the amount of $404,000 and $3.3 million in the consolidated statements of operations and comprehensive loss for the years ended December 31, 2022 and 2021, respectively. Of the impairment recognized during the year ended December 31, 2022, $72,000 was related to the Radiance Beauty licensing agreement.

X
- Definition Schedule of finite and indefinite lived intangible assets. + References No definition available. + Details
Name: | rkda_ScheduleOfFiniteAndIndefiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | rkda_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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