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

12 Months Ended

Dec. 31, 2022

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, 2022

(in thousands)
Region	North America (1)	EMEA (2)	Latin America (3)	Asia Pacific (4)	Total Revenue
Product
1-MCP based	$28,532	$56,796	$27,039	$18,187	$130,554
Fungicides, disinfectants and coatings	1,799	17,948	7,289	93	27,129
Other*	298	2,149	1,736	71	4,254
Total	$30,629	$76,893	$36,064	$18,351	$161,937
Pattern of Revenue Recognition
Products transferred at a point in time	$29,861	$75,886	$35,470	$18,138	$159,355
Services transferred over time	768	1,007	594	213	2,582
Total	$30,629	$76,893	$36,064	$18,351	$161,937

Revenues for the year ended December 31, 2021

(in thousands)
Region	North America (1)	EMEA (2)	Latin America (3)	Asia Pacific (4)	Total Revenue
Product
1-MCP based	$29,966	$63,874	$25,860	$17,195	$136,895
Fungicides, disinfectants and coatings	2,084	17,403	6,720	—	26,207
Other*	585	1,052	1,030	220	2,887
Total	$32,635	$82,329	$33,610	$17,415	$165,989
Pattern of Revenue Recognition
Products transferred at a point in time	$32,147	$81,297	$33,022	$17,225	$163,691
Services transferred over time	488	1,032	588	190	2,298
Total	$32,635	$82,329	$33,610	$17,415	$165,989

*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 year ended December 31, 2022:

(in thousands)	Balance at December 31, 2021	Additions	Deductions	Balance at December 31, 2022
Contract assets:
Unbilled revenue	$795	20,282	(19,535)	$1,542
Contract liabilities:
Deferred revenue	$635	5,574	(4,989)	$1,220

The following table presents changes in the Company’s contract assets and liabilities during the year ended December 31, 2021:

(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

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