Restructuring |
9 Months Ended |
|---|---|
Sep. 30, 2022 | |
| Restructuring and Related Activities [Abstract] | |
| Restructuring | Restructuring During the nine months ended September 30, 2022, the Company initiated and completed a restructuring plan to reduce operating costs, prioritize core farm operations and align technical resources to support farm production and quality improvements. The Company anticipates the cost savings from the restructuring plan will support growth-related initiatives and help meet the long-term goals and liquidity needs. During the three and nine months ended September 30, 2022, the Company incurred costs of $246 and $3,467 related to the restructuring initiative, of which $246 and $2,335 was for severance and other benefits and $0 and $1,132 was for legal and other costs for the three and nine-months ended September 30, 2022, respectively. In addition to the restructuring actions noted above, during the nine months ended September 30, 2022, the Company recognized a $1,070 impairment charge for certain technology property and equipment that will no longer be utilized following the Company’s alignment of its technology initiatives with core farm operations. The Company did not recognize any such impairment charge during the three months ended September 30, 2022. All of the costs as disclosed above are included in sales, general and administrative (“SG&A”) in the unaudited condensed consolidated statements of operations and comprehensive loss. As of September 30, 2022, the Company had no further liabilities remaining associated with the restructuring events which occurred during the nine months ended September 30, 2022. In November 2022, the Company began a third restructuring plan to further reduce operating costs (the “November 2022 Restructuring”). See Note 16 - Subsequent Events - November 2022 Restructuring for more information on the Company’s November 2022 restructuring plan.
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