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

12 Months Ended

Dec. 31, 2020

Accounting Policies [Abstract]

Schedule of disaggregated revenue

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 year ended December 31, 2020

(in thousands)
Region	North America		EMEA		Latin America		Asia Pacific		Total Revenue
Product
1-MCP based	$	31,658	$	61,902	$	23,710	$	15,453	$	132,723
Fungicides, disinfectants and coatings	1,066		16,442		4,082		—		21,590
Other*	1,035		1,069		939		287		3,330
Total	$	33,759	$	79,413	$	28,731	$	15,740	$	157,643
Pattern of Revenue Recognition
Products transferred at a point in time	$	32,771	$	78,389	$	28,162	$	15,457	$	154,779
Services transferred over time	988		1,024		569		283		2,864
Total	$	33,759	$	79,413	$	28,731	$	15,740	$	157,643

Revenues for the year ended December 31, 2019

(in thousands)
Region	North America		EMEA		Latin America		Asia Pacific		Total Revenue
Product
1-MCP based	$	40,012	$	63,109	$	28,199	$	14,513	$	145,833
Fungicides, disinfectants and coatings	712		16,803		3,172		—		20,687
Other*	1,523		1,374		447		201		3,545
Total	$	42,247	$	81,286	$	31,818	$	14,714	$	170,065
Pattern of Revenue Recognition
Products transferred at a point in time	$	41,122	$	79,811	$	31,618	$	14,535	$	167,086
Services transferred over time	1,125		1,475		200		179		2,979
Total	$	42,247	$	81,286	$	31,818	$	14,714	$	170,065

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

Schedule of changes in contract assets and liabilities

The following table presents changes in the Company’s contract assets and liabilities during the twelve months ended December 31, 2020:

(in thousands)	Balance at January 1, 2020		Additions	Deductions	Balance at December 31, 2020
Contract assets:
Unbilled revenue	$	1,666	13,624	(13,806)	$	1,484
Contract liabilities:
Deferred revenue	$	1,175	5,348	(5,049)	$	1,474

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

(in thousands)	Balance at January 1, 2019		Additions	Deductions	Balance at December 31, 2019
Contract assets:
Unbilled revenue	1,956		10,029	(10,319)	$	1,666
Contract liabilities:
Deferred revenue	$	1,280	3,032	(3,137)	$	1,175

Summary of affect of ASC 606 on financial statements

Schedule of estimated useful lives

Estimated useful lives are as follows:

Leasehold improvements	Shorter of useful life or lease term
Machinery & Equipment	1—12 years
Furniture	1—12 years