CULTIVATION LIABILITIES

12 Months Ended

Dec. 31, 2022

Cultivation Liabilities [Abstract]

CULTIVATION LIABILITIES

CULTIVATION LIABILITIES

In conjunction with the contract terms, the Company can reduce the settlement amount for harvested hemp outside of quality specifications. For the years ended December 31, 2022 and 2021, the Company recognized $582 and $855, respectively, of settlement reductions.

Future payments due under contract obligations are as follows:

	Short-term		Long-term		Total
December 31, 2020	$	9,304	$	2,513	$	11,817
Payments	(7,166)		—		(7,166)
Settlement reductions	(855)		—		(855)
Interest	37		—		37
Conversion to short-term borrowings	2,128		(2,128)		—
December 31, 2021	$	3,448	$	385	$	3,833
Payments	(3,049)				(3,049)
Settlement reductions	(582)				(582)
2022 Crop	206		6		212
Interest	37				37
Conversion to short-term borrowings	385		(385)		—
December 31, 2022	$	445	$	6	$	451

Scheduled maturities of amounts owed as of December 31, 2022 are as follows:

Year Ending December 31:
2023	$	450
2024	6
Total future payments	$	456
Less: Imputed interest	(5)
Total cultivation liabilities	$	451
Less: Current portion of cultivation liabilities	(445)
Total non-current cultivation liabilities	$	6