XML 13 R6.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2024
Mar. 31, 2024
Sep. 30, 2023
Mar. 31, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:              
Net loss $ (1,612,000) $ (2,423,000) $ (2,567,000) $ (9,384,000) $ (2,974,000) $ (11,133,000) $ (14,000,000)
Adjustments to reconcile net loss to cash used in operating activities:              
Change in fair value of common stock warrant and option liabilities (330,000)   (608,000)   (493,000) (5,965,000)  
Issuance and offering costs allocated to liability classified options 0   0   0 430,000  
Valuation loss on March 2023 PIPE 0   0   0 6,076,000  
Depreciation         92,000 227,000  
Lease amortization         502,000 535,000  
Amortization of note receivable discount         (90,000) 0  
Gain on disposal of property and equipment         (65,000) (36,000)  
Gain on sale of RS durum wheat trait 0   0   (4,000,000) 0  
Stock-based compensation 155,000   162,000   395,000 573,000  
Write-down of inventories 154,000   252,000   154,000 444,000  
Impairment of property and equipment   36,000     36,000 0  
Changes in operating assets and liabilities:              
Accounts receivable and other receivables         (445,000) 249,000  
Inventories         620,000 (1,388,000)  
Prepaid expenses and other current assets         287,000 (284,000)  
Other noncurrent assets         0 (13,000)  
Accounts payable and accrued expenses         (719,000) (300,000)  
Amounts due to related parties         (29,000) (2,000)  
Other current liabilities         (11,000) 11,000  
Operating lease liabilities         (678,000) (573,000)  
Net cash used in operating activities         (7,418,000) (11,149,000) (15,300,000)
CASH FLOWS FROM INVESTING ACTIVITIES:              
Proceeds from sale of property and equipment         342,000 42,000  
Proceeds from sale of Verdeca - earn-out received         0 569,000  
Proceeds from sale of investments         2,501,000 0  
Proceeds from sale of RS durum wheat trait         4,000,000 0  
Cash paid related to sale of GoodWheat         (2,000,000) 0  
Purchases of property and equipment         (16,000) (5,000)  
Purchases of investments         0 (5,002,000)  
Net cash provided by (used in) investing activities         4,827,000 (4,396,000)  
CASH FLOWS FROM FINANCING ACTIVITIES:              
Proceeds from ESPP purchases         9,000 12,000  
Net cash provided by financing activities         9,000 5,512,000  
Net decrease in cash and cash equivalents         (2,582,000) (10,033,000)  
Cash and cash equivalents - beginning of period   $ 6,518,000   $ 20,644,000 6,518,000 20,644,000 20,644,000
Cash and cash equivalents - end of period $ 3,936,000   $ 10,611,000   3,936,000 10,611,000 $ 6,518,000
NONCASH INVESTING AND FINANCING ACTIVITIES:              
Right of use assets obtained in exchange for new operating lease liabilities         86,000 0  
Note receivable recognized from sale of GoodWheat         5,705,000 0  
March 2023 PIPE [Member]              
CASH FLOWS FROM FINANCING ACTIVITIES:              
Proceeds from issuance of common stock, pre-funded warrants and preferred investment options from March 2023 PIPE         0 5,997,000  
Payments of offering costs relating to March 2023 PIPE         0 (497,000)  
NONCASH INVESTING AND FINANCING ACTIVITIES:              
Common stock options issued to placement agent and included in offering costs         0 212,000  
Warrant and option modifications included in Valuation loss on March 2023 PIPE         $ 0 $ 404,000