Equity Method Investment |
12 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Equity Method Investment | |
| Equity Method Investment | 8. Equity Method Investment. Araucanía Flowers SA (“Araucania”) is based in Chile and serves as a marketing arm for Tulp 24.1 to export its crops to Latin-American countries. Araucanía has two other shareholders that hold 70% of its aggregate issued and outstanding shares. At June 30, 2026 and June 30, 2025, Tulp 24.1 had a 30% equity interest in Araucania with a carrying amount of approximately $192,000 and $216,000, respectively. During the year ended June 30, 2026, six months ended June 30, 2025, and year ended December 31, 2024, the equity in net (loss) income of Araucania was approximately $(17,000), $0, and $37,000, respectively. As of June 30, 2026 and June 30, 2025, Tulp 24.1 had a note receivable from Araucanía with a balance of $240,000 and $360,000, respectively. As of June 30, 2026 and June 30, 2025, the current portion of the note receivable of $120,000 is included in prepaid expenses and other current assets, and the remainder is included in long-term receivable in the accompanying consolidated balance sheets. |