INVENTORIES

6 Months Ended

Jun. 30, 2024

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

Inventories consist of the following:

	June 30,		December 31,
	2024		2023
Harvested hemp and seeds	$	8,009	$	9,300
Raw materials	12,153		9,726
Finished goods	5,751		6,320
	25,913		25,346
Less: inventory provision	(7,240)		(3,808)
Total inventory	$	18,673	$	21,538

Inventory Provision

For the six months ended June 30, 2024, inventory provisions of $3,926 were expensed through cost of goods sold in the condensed consolidated statements of operations. The increase in the inventory provision was primarily due to the revaluation on aged hemp based on current market conditions.