Discontinued Operations

3 Months Ended

Mar. 31, 2025

Discontinued Operations and Disposal Groups [Abstract]

3. Discontinued Operations

On May 16, 2024, the Company sold the GoodWheat brand to Above Food. GoodWheat operations ceased during the second quarter of 2024.

In accordance with the provisions of ASC 205-20, the Company has separately reported the assets and liabilities of the discontinued operations in the condensed consolidated balance sheets and the results of the discontinued operations as separate components on the condensed consolidated statements of operations and comprehensive income (loss) for all periods presented.

Major classes of line items constituting the balance sheet of discontinued operations:


(In thousands)	March 31, 2025		December 31, 2024
Assets
Accounts receivable and other receivables	$	96	$	96
Total assets	$	96	$	96

Major classes of line items constituting net loss from discontinued operations:


	Three Months Ended March 31,
	2025		2024
(In thousands)
Product revenue	$	—	$	268
Cost of revenues		—		(349	)
Research and development		—		(267	)
Loss on sale of property and equipment		—		(2	)
Selling, general and administrative		—		(1,126	)
Net loss from discontinued operations	$	—	$	(1,476	)

The following table presents cash and non-cash items of discontinued operations:


	Three Months Ended March 31,
(In thousands)	2025		2024
Depreciation	$	—	$	32
Loss on sale of property and equipment	$	—	$	2
Inventories	$	—	$	243
Accounts payable and accrued expenses	$	—	$	(109	)
Proceeds from sale of property and equipment	$	—	$	17

There were no other operating or investing cash or non-cash items for the three months ended March 31, 2025 and 2024.