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

9 Months Ended

Sep. 30, 2022

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 September 30, 2022


(in thousands)
Region	North America (1)	EMEA (2)	Latin America (3)	Asia Pacific (4)	Total Revenues
Product
1-MCP based	$14,592	$24,344	$861	$1,963	$41,760
Fungicides, disinfectants and coatings	371	2,603	669	—	3,643
Other*	193	1,392	743	33	2,361
	$15,156	$28,339	$2,273	$1,996	$47,764

Pattern of Revenue Recognition
Products transferred at a point in time	$15,033	$28,196	$2,089	$1,933	$47,251
Services transferred over time	123	143	184	63	513
	$15,156	$28,339	$2,273	$1,996	$47,764

Revenues for the three months ended September 30, 2021


(in thousands)
Region	North America (1)	EMEA (2)	Latin America (3)	Asia Pacific (4)	Total Revenues
Product
1-MCP based	$17,677	$23,286	$781	$1,569	$43,313
Fungicides, disinfectants and coatings	917	3,182	1,283	—	5,382
Other*	127	129	180	47	483
	$18,721	$26,597	$2,244	$1,616	$49,178

Pattern of Revenue Recognition
Products transferred at a point in time	$18,603	$26,468	$2,064	$1,583	$48,718
Services transferred over time	118	129	180	33	460
	$18,721	$26,597	$2,244	$1,616	$49,178

Revenues for the nine months ended September 30, 2022


(in thousands)
Region	North America (1)	EMEA (2)	Latin America (3)	Asia Pacific (4)	Total Revenues
Product
1-MCP based	$17,727	$36,149	$23,901	$13,885	$91,662
Fungicides, disinfectants and coatings	371	12,961	4,493	93	17,918
Other*	509	1,790	1,226	300	3,825
	$18,607	$50,900	$29,620	$14,278	$113,405

Pattern of Revenue Recognition
Products transferred at a point in time	$18,231	$50,217	$29,093	$14,094	$111,635
Services transferred over time	376	683	527	184	1,770
	$18,607	$50,900	$29,620	$14,278	$113,405

Revenues for the nine months ended September 30, 2021


(in thousands)
Region	North America (1)	EMEA (2)	Latin America (3)	Asia Pacific (4)	Total Revenues
Product
1-MCP based	$20,020	$34,083	$25,145	$12,745	$91,993
Fungicides, disinfectants and coatings	931	11,044	3,829	—	15,804
Other*	519	602	981	195	2,297
	$21,470	$45,729	$29,955	$12,940	$110,094

Pattern of Revenue Recognition
Products transferred at a point in time	$20,958	$45,131	$29,416	$12,774	$108,279
Services transferred over time	512	598	539	166	1,815
	$21,470	$45,729	$29,955	$12,940	$110,094

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



(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 nine months ended September 30, 2022 and the year ended December 31, 2021:


(in thousands)	Balance at December 31, 2021	Additions	Deductions	Balance at September 30, 2022
Contract assets:
Unbilled revenue	$795	12,609	(10,342)	$3,062
Contract liabilities:
Deferred revenue	$635	4,658	(3,688)	1,605


(in thousands)	Balance at December 31, 2020	Additions	Deductions	Balance at December 31, 2021
Contract assets:
Unbilled revenue	$1,484	17,617	(18,306)	$795
Contract liabilities:
Deferred revenue	$1,474	4,123	(4,962)	$635