Basis of Presentation and Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2019

The Company disaggregates revenue from contracts with customers into geographic region, product and timing of transfer of goods and services. The Company determined that disaggregating revenue into these categories achieves the disclosure objective of depicting how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors.


Revenues for the three months ended March 31, 2019
(in thousands)
Region	North America (1)		EMEA (2)		Latin America (3)		Asia Pacific (4)		Total Revenue
Product
1-MCP based	$	2,602	$	6,781	$	19,469	$	4,353	$	33,205
Fungicides, waxes, coatings, sanitizers	—		4,887		$	565	—		5,452
Other*	123		12		$	139	9		283
	$	2,725	$	11,680	$	20,173	$	4,362	$	38,940

Pattern of Revenue Recognition
Products transferred at a point in time	$	2,290	$	11,074	$	20,143	$	4,329	$	37,836
Services transferred over time	435		606		$	30	33		1,104
	$	2,725	$	11,680	$	20,173	$	4,362	$	38,940


Revenues for the three months ended March 31, 2018
(in thousands)
Region	North America (1)		EMEA (2)		Latin America (3)		Asia Pacific (4)		Total Revenue
Product
1-MCP based	$	1,962	$	5,120	$	20,949	$	4,328	$	32,359
Fungicides, waxes, coatings, sanitizers	—		5,589		—		—		5,589
Other*	98		198		6		101		403
	$	2,060	$	10,907	$	20,955	$	4,429	$	38,351

Pattern of Revenue Recognition
Products transferred at a point in time	$	2,047	$	10,905	$	20,949	$	4,328	$	38,229
Services transferred over time	13		2		6		101		$	122
	$	2,060	$	10,907	$	20,955	$	4,429	$	38,351

*Other includes FreshCloud, technical services and sales-type leases related to Tecnidex.

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(1) North America includes the United States and Canada.

(2) EMEA includes Europe, the Middle East, and Africa.

(3) Latin America includes Argentina, Brazil, Chile, Costa Rica, Colombia, Dominican Republic, Ecuador, Guatemala, Mexico, Peru, and Uruguay.

(4) Asia Pacific includes Australia, China, India, Japan, New Zealand, South Korea, Taiwan, and Thailand.

Schedule of changes in contract assets and liabilities

The following table presents changes in the Company’s contract assets and liabilities during the three months ended March 31, 2019 and the twelve months ended December 31, 2018:


(in thousands)	Balance at January 1, 2019		Additions		Deductions		Balance at, March 31, 2019
Contract assets:
Unbilled revenue	$	1,956	$	991	$	(320)	$	2,627
Contract liabilities:
Deferred revenue	$	1,280	$	1,145	$	(1,104)	$	1,321


(in thousands)	Balance at January 1, 2018	Additions	Deductions	Balance at, December 31, 2018
Contract assets:
Unbilled revenue	739	7,117	(5,900)	1,956
Contract liabilities:
Deferred revenue	100	4,428	(3,248)	1,280