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Discontinued Operations | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2025 | Dec. 31, 2024
Discontinued Operations and Disposal Groups [Abstract] |  |
Discontinued Operations | 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. | Note 4. 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 July 2023, management made the decision to exit its body care brands as a result of continued pressure on the CBD market due to regulatory uncertainty. Body care operations ceased during the third quarter of 2023. In accordance with the provisions of ASC 205-20, the Company has separately reported the assets and liabilities of the discontinued operations in the consolidated balance sheets and the results of the discontinued operations as separate components on the consolidated statements of operations and comprehensive loss for all periods presented. Major classes of line items constituting the balance sheet of discontinued operations:
|  | GoodWheat |
(In thousands) |  | December 31, 2024 |  |  | December 31, 2023 |
Assets |  |  |  |  |  |
Accounts receivable and other receivables |  | $ | 96 |  |  | $ | 8 |
Inventories, net — current |  |  | — |  |  |  | 1,121 |
Property and equipment, net |  |  | — |  |  |  | 314 |
Inventories, net — noncurrent |  |  | — |  |  |  | 3,158 |
Total assets |  | $ | 96 |  |  | $ | 4,601 |
Liabilities |  |  |  |  |  |
Accounts payable and accrued expenses |  | $ | — |  |  | $ | 500 |
Total liabilities |  | $ | — |  |  | $ | 500 |
Major classes of line items constituting net loss from discontinued operations:
|  | GoodWheat |  |  | Body Care |
|  | Year Ended December 31, |  |  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
(In thousands) |  |  |  |  |  |  |  |  |  |  |  |
Product revenue |  | $ | 372 |  |  | $ | 876 |  |  | $ | — |  |  | $ | 357 |
Cost of revenues |  |  | (691 | ) |  |  | (1,126 | ) |  |  | — |  |  |  | (314 | )
Research and development |  |  | (400 | ) |  |  | (1,323 | ) |  |  | — |  |  |  | — |
Gain on sale of property and equipment |  |  | 65 |  |  |  | 11 |  |  |  | — |  |  |  | — |
Selling, general and administrative |  |  | (2,067 | ) |  |  | (6,274 | ) |  |  | — |  |  |  | (864 | )
Net loss from discontinued operations |  | $ | (2,721 | ) |  | $ | (7,836 | ) |  | $ | — |  |  | $ | (821 | )
The following table presents significant cash and non-cash items of discontinued operations:
|  | GoodWheat |  |  | Body Care |
|  | Year Ended December 31, |  |  | Year Ended December 31, |
(In thousands) |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Depreciation |  | $ | 45 |  |  | $ | 151 |  |  | $ | — |  |  | $ | 24 |
Write-down of inventories |  | $ | — |  |  | $ | 275 |  |  | $ | — |  |  | $ | — |
Gain on disposal of property and equipment |  | $ | (65 | ) |  | $ | (11 | ) |  | $ | — |  |  | $ | — |
Accounts receivable and other receivables |  | $ | (88 | ) |  | $ | (8 | ) |  | $ | — |  |  | $ | 66 |
Inventories |  | $ | (575 | ) |  | $ | (2,969 | ) |  | $ | — |  |  | $ | 250 |
Prepaid expenses and other current assets |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 14 |
Accounts payable and accrued expenses |  | $ | (501 | ) |  | $ | 26 |  |  | $ | — |  |  | $ | (26 | )
Proceeds from sale of property and equipment |  | $ | 334 |  |  | $ | 48 |  |  | $ | — |  |  | $ | — |
There were no other significant operating or investing cash or non-cash items for the years ended December 31, 2024 and 2023.

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/205-20/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent + Details
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