XML 76 R64.htm IDEA: XBRL DOCUMENT v3.23.1
Intangible Assets, Net - Schedule of Intangible Assets, Net (Detail) - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Finite And Indefinite Lived Intangible Assets [Line Items]    
Amortized intangible assets, Gross Carrying Amount [1] $ 177 $ 970
Amortized intangible assets, Accumulated Amortization 172 774
Finite-Lived Intangible Assets, Net, Total 5 196
Indefinite-lived intangible assets, Gross Carrying Amount [1] 212 3,920
Indefinite-lived intangible assets, Accumulated Amortization 172 3,436
Indefinite lived intangible assets, Net Carrying Amount 40 484
Brands and Trademarks [Member]    
Finite And Indefinite Lived Intangible Assets [Line Items]    
Indefinite-lived intangible assets, Gross Carrying Amount [1] 35 2,950
Indefinite-lived intangible assets, Accumulated Amortization   2,662
Indefinite lived intangible assets, Net Carrying Amount 35 288
Intellectual Property [Member]    
Finite And Indefinite Lived Intangible Assets [Line Items]    
Amortized intangible assets, Gross Carrying Amount [1] 144 570
Amortized intangible assets, Accumulated Amortization 141 419
Finite-Lived Intangible Assets, Net, Total 3 151
Customer Lists [Member]    
Finite And Indefinite Lived Intangible Assets [Line Items]    
Amortized intangible assets, Gross Carrying Amount [1] 33 400
Amortized intangible assets, Accumulated Amortization 31 355
Finite-Lived Intangible Assets, Net, Total $ 2 $ 45
[1] During the years ended December 31, 2022 and 2021, the Company estimated an overall decrease in the sales forecast for AW products, due to an inventory item rationalization, in addition to a decrease in the sales forecast of ISI seeds, related to the saturated hemp seed market. As a result, Arcadia performed a quantitative intangible assets impairment test. The Company used a discounted cash flow approach to develop the fair value of our acquired intellectual property, customer lists, brands and trademarks. As a result of this assessment, Arcadia recorded an impairment of intangible assets in the amount of $404,000 and $3.3 million in the consolidated statements of operations and comprehensive loss for the years ended December 31, 2022 and 2021, respectively. Of the impairment recognized during the year ended December 31, 2022, $72,000 was related to the Radiance Beauty licensing agreement.