Discontinued Operations

9 Months Ended

Sep. 30, 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)	September 30, 2025		December 31, 2024
Assets
Accounts receivable and other receivables	$	—	$	96
Total assets	$	—	$	96

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


	Three Months Ended September 30,					Nine Months Ended September 30,
	2025		2024			2025		2024
(In thousands)
Product revenue	$	—	$	(76	)	$	—	$	372
Cost of revenues		—		—			—		(691	)
Research and development		—		—			—		(400	)
Loss (Gain) on sale of property and equipment		—		(24	)		—		65
Selling, general and administrative		—		(330	)		—		(2,040	)
Net loss from discontinued operations	$	—	$	(430	)	$	—	$	(2,694	)

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


	Nine Months Ended September 30,
(In thousands)	2025		2024
Depreciation	$	—	$	37
Gain on disposal of property and equipment	$	—	$	(65	)
Accounts receivable and other receivables	$	—	$	(78	)
Inventories	$	—	$	575
Accounts payable and accrued expenses	$	—	$	(500	)
Proceeds from sale of property and equipment	$	—	$	342

There were no other operating or investing cash or non-cash items for the nine months ended September 30, 2025 and 2024.