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

6 Months Ended

Jun. 30, 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 June 30, 2019
(in thousands)
Region	North America (1)		EMEA (2)		Latin America (3)		Asia Pacific (4)		Total Revenue
Product
1-MCP based	$	1,191	$	3,412	$	6,385	$	5,300	$	16,288
Fungicides, waxes, coatings, sanitizers	—		3,621		695		—		4,316
Other*	177		224		103		75		579
	$	1,368	$	7,257	$	7,183	$	5,375	$	21,183

Pattern of Revenue Recognition
Products transferred at a point in time	$	1,286	$	7,062	$	7,140	$	5,314	$	20,802
Services transferred over time	82		195		43		61		381
	$	1,368	$	7,257	$	7,183	$	5,375	$	21,183


Revenues for the three months ended June 30, 2018
(in thousands)
Region	North America (1)		EMEA (2)		Latin America (3)		Asia Pacific (4)		Total Revenue
Product
1-MCP based	$	691	$	4,040	$	4,432	$	4,688	$	13,851
Fungicides, waxes, coatings, sanitizers	—		3,345		—		—		3,345
Other*	284		191		90		659		1,224
	$	975	$	7,576	$	4,522	$	5,347	$	18,420

Pattern of Revenue Recognition
Products transferred at a point in time	$	943	$	7,516	$	4,501	$	4,688	$	17,648
Services transferred over time	32		60		21		659		772
	$	975	$	7,576	$	4,522	$	5,347	$	18,420


Revenues for the six months ended June 30, 2019
(in thousands)
Region	North America (1)		EMEA (2)		Latin America (3)		Asia Pacific (4)		Total Revenue
Product
1-MCP based	$	3,358	$	9,587	$	25,824	$	9,620	$	48,389
Fungicides, waxes, coatings, sanitizers	—		8,508		1260		—		9,768
Other*	735		842		273		116		1,966
	$	4,093	$	18,937	$	27,357	$	9,736	$	60,123

Pattern of Revenue Recognition
Products transferred at a point in time	$	3,576	$	18,136	$	27,284	$	9,642	$	58,638
Services transferred over time	517		801		73		94		1,485
	$	4,093	$	18,937	$	27,357	$	9,736	$	60,123


Revenues for the six months ended June 30, 2018
(in thousands)
Region	North America (1)		EMEA (2)		Latin America (3)		Asia Pacific (4)		Total Revenue
Product
1-MCP based	$	2,587	$	9,163	$	25,379	$	9,081	$	46,210
Fungicides, waxes, coatings, biocides	—		8,932		—		—		8,932
Other*	383		279		207		760		1,629
	$	2,970	$	18,374	$	25,586	$	9,841	$	56,771

Pattern of Revenue Recognition
Products and equipment transferred at a point in time	$	2,925	$	18,311	$	25,560	$	9,081	$	55,877
Services transferred over time	45		63		26		760		894
	$	2,970	$	18,374	$	25,586	$	9,841	$	56,771

*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, the Philippines, 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 six months ended June 30, 2019 and the twelve months ended December 31, 2018:


(in thousands)	Balance at January 1, 2019		Additions		Deductions		Balance at, June 30, 2019
Contract assets:
Unbilled revenue	$	1,956	$	5,619	$	(5,720)	$	1,855
Contract liabilities:
Deferred revenue	$	1,280	$	790	$	(1,814)	$	256


(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