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

3 Months Ended

Mar. 31, 2021

Revenues for the three months ended March 31, 2021


(in thousands)
Region	North America (1)		EMEA (2)		Latin America (3)		Asia Pacific (4)		Total Revenues
Product
1-MCP based	$	1,764	$	5,362	$	18,741	$	5,963	$	31,830
Fungicides, disinfectants and coatings	14		4,546		1,547		—		6,107
Other*	156		400		451		48		1,055
	$	1,934	$	10,308	$	20,739	$	6,011	$	38,992

Pattern of Revenue Recognition
Products transferred at a point in time	$	1,767	$	9,908	$	20,627	$	5,972	$	38,274
Services transferred over time	167		400		112		39		718
	$	1,934	$	10,308	$	20,739	$	6,011	$	38,992

Revenues for the three months ended March 31, 2020


(in thousands)
Region	North America (1)		EMEA (2)		Latin America (3)		Asia Pacific (4)		Total Revenues
Product
1-MCP based	$	561	$	5,320	$	16,582	$	4,815	$	27,278
Fungicides, disinfectants and coatings	—		3,873		594		—		4,467
Other*	442		439		355		42		1,278
	$	1,003	$	9,632	$	17,531	$	4,857	$	33,023

Pattern of Revenue Recognition
Products transferred at a point in time	$	581	$	9,203	$	17,439	$	4,815	$	32,038
Services transferred over time	422		429		92		42		985
	$	1,003	$	9,632	$	17,531	$	4,857	$	33,023

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



(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 three months ended March 31, 2021 and the year ended December 31, 2020:


(in thousands)	Balance at January 1, 2021		Additions	Deductions	Balance at March 31, 2021
Contract assets:
Unbilled revenue	$	1,484	4,125	(4,014)	$	1,595
Contract liabilities:
Deferred revenue	$	1,474	2,436	(2,414)	$	1,496


(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