XML 21 R11.htm IDEA: XBRL DOCUMENT v3.25.0.1
RELATED PARTY TRANSACTIONS
3 Months Ended
Mar. 31, 2024
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS RELATED PARTY TRANSACTIONS
A director of the Company is an owner of Cloud 9 Support, LLC (“Cloud 9”) and Potco LLC (“Potco”). Cloud 9 purchases materials from the Company for use with its customers and Potco purchases equipment from the Company for use in its cultivation facility. Another director of the Company is working on a vertical farming innovation model with a group of CEA experts (the “CEA Consortium”). The CEA Consortium contracts services from the Company related to their business model. The table below presents the revenues for these related party entities for the three months ended March 31, 2024, and 2023:

Three Months Ended
March 31,
20242023
Revenue - Cloud 9$— $— 
Revenue - Potco$— $479,897 
Revenue - CEA Consortium$— $— 
Total revenues from related party transactions$— $479,897 

The table below presents the accounts receivable from these related party entities as of March 31, 2024, and December 31, 2023: