$AGRI
AGRIFORCE GROWING SYSTEMS LTD. Stock $agri

$agri Overview Financials Valuation SEC Filings Company Website

2022 Q3 Form 10-Q Financial Statement

#000149315222022805 Filed on August 15, 2022

Income Statement

Concept	2022 Q3	2022 Q2	2022 Q1
Revenue	$0.00	$0.00	$0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin	$452.2K	$376.9K	$2.251M
YoY Change	-78.95%	-44.55%	162.98%
% of Gross Profit
Research & Development	$110.9K	$30.33K	$396.5K
YoY Change	-5.09%	-3.03%	1222.65%
% of Gross Profit
Depreciation & Amortization	$6.714K	$5.465K	$3.530K
YoY Change	193.19%	100.33%	35.77%
% of Gross Profit
Operating Expenses	$563.1K	$407.2K	$2.760M
YoY Change	-76.35%	1202.04%	209.83%
Operating Profit	-$3.409M	-$4.222M	-$2.760M
YoY Change	43.2%	490.63%
Interest Expense	-$1.584M	$103.5K	-$64.51K
YoY Change	-1500.46%	-123.9%	-1152.37%
% of Operating Profit
Other Income/Expense, Net	$1.597M	$675.5K	-$457.0K
YoY Change	259.78%
Pretax Income	-$3.397M	-$3.443M	-$3.281M
YoY Change	86.26%	185.22%	270.93%
Income Tax
% Of Pretax Income
Net Earnings	-$3.397M	-$3.443M	-$3.281M
YoY Change	86.26%	185.22%	270.93%
Net Earnings / Revenue
Basic Earnings Per Share	-$0.17	-$0.21	-$0.22
Diluted Earnings Per Share	-$166.2K	-$208.4K	-$215.6K
COMMON SHARES
Basic Shares Outstanding	15.56M shares	16.52M shares	15.22M shares
Diluted Shares Outstanding	408.7K shares

Balance Sheet

Concept	2022 Q3	2022 Q2	2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$7.869M	$1.997M	$4.378M
YoY Change	-19.99%	1171.51%	495.02%
Cash & Equivalents	$7.869M	$1.997M	$4.378M
Short-Term Investments
Other Short-Term Assets	$385.0K	$111.8K	$483.6K
YoY Change	-19.78%	-51.36%	114.95%
Inventory
Prepaid Expenses	$334.7K	$37.44K
Receivables	$46.74K	$11.96M	$22.61K
Other Receivables	$46.74K	$0.00	$0.00
Total Short-Term Assets	$8.301M	$14.07M	$4.884M
YoY Change	-19.77%	3448.54%	404.98%
LONG-TERM ASSETS
Property, Plant & Equipment	$116.4K	$122.7K	$3.982M
YoY Change	-94.48%	-94.3%	87.37%
Goodwill
YoY Change
Intangibles	$9.861M	$9.188M
YoY Change
Long-Term Investments
YoY Change
Other Assets	$2.086M	$0.00	$0.00
YoY Change		-100.0%	-100.0%
Total Long-Term Assets	$15.60M	$13.12M	$5.481M
YoY Change	336.04%	310.4%	108.71%
TOTAL ASSETS
Total Short-Term Assets	$8.301M	$14.07M	$4.884M
Total Long-Term Assets	$15.60M	$13.12M	$5.481M
Total Assets	$23.90M	$27.18M	$10.37M
YoY Change	71.67%	656.64%	188.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$445.2K	$1.340M	$275.4K
YoY Change	125.77%	6.69%	-76.21%
Accrued Expenses	$595.1K	$111.1K	$544.5K
YoY Change	-26.88%		-46.44%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$4.082M	$3.698M
YoY Change
Total Short-Term Liabilities	$6.073M	$7.004M	$1.761M
YoY Change	231.79%	133.18%	-29.13%
LONG-TERM LIABILITIES
Long-Term Debt	$43.77K	$46.56K	$48.02K
YoY Change	-7.05%	-3.82%	50.96%
Other Long-Term Liabilities	$7.868M	$9.990M	$3.506M
YoY Change	326.96%	3590.94%	1214.42%
Total Long-Term Liabilities	$7.912M	$10.04M	$3.555M
YoY Change	318.64%	3045.55%	1090.47%
TOTAL LIABILITIES
Total Short-Term Liabilities	$6.073M	$7.004M	$1.761M
Total Long-Term Liabilities	$7.912M	$10.04M	$3.555M
Total Liabilities	$13.99M	$17.04M	$5.315M
YoY Change	275.91%	412.86%	91.0%
SHAREHOLDERS EQUITY
Retained Earnings	-$30.02M	-$26.62M
YoY Change
Common Stock	$27.00M	$26.71M
YoY Change		280.34%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$9.917M	$10.14M	$5.050M
YoY Change
Total Liabilities & Shareholders Equity	$23.90M	$27.18M	$10.37M
YoY Change	71.67%	656.64%	188.46%

Cashflow Statement

Concept	2022 Q3	2022 Q2	2022 Q1
OPERATING ACTIVITIES
Net Income	-$3.397M	-$3.443M	-$3.281M
YoY Change	86.26%	185.22%	270.93%
Depreciation, Depletion And Amortization	$6.714K	$5.465K	$3.530K
YoY Change	193.19%	100.33%	35.77%
Cash From Operating Activities	-$3.830M	-$2.187M	-$2.871M
YoY Change	72.71%	411.42%	671.72%
INVESTING ACTIVITIES
Capital Expenditures	-$780.00	-$142.5K	-$500.0K
YoY Change	-99.68%	474833.33%	23048.15%
Acquisitions
YoY Change
Other Investing Activities	$20.00K
YoY Change	-102.69%
Cash From Investing Activities	$19.22K	-$142.5K	-$500.0K
YoY Change	-101.95%	474833.33%	23048.15%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	9.855M	-35.00K
YoY Change	-24.33%	-63.42%
NET CHANGE
Cash From Operating Activities	-3.830M	-2.187M	-2.871M
Cash From Investing Activities	19.22K	-142.5K	-500.0K
Cash From Financing Activities	9.855M	-35.00K
Net Change In Cash	6.044M	-2.365M	$0.00
YoY Change	-38.46%	351.82%	-100.0%
FREE CASH FLOW
Cash From Operating Activities	-$3.830M	-$2.187M	-$2.871M
Capital Expenditures	-$780.00	-$142.5K	-$500.0K
Free Cash Flow	-$3.830M	-$2.045M	-$2.371M
YoY Change	93.7%	378.14%	541.03%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	dei	Entity Central Index Key EntityCentralIndexKey	0001826397
	dei	Amendment Flag AmendmentFlag	false
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
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	AGRI	Fair Value Of Conversion Feature Of Debentures FairValueOfConversionFeatureOfDebentures		usd
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	AGRI	Prefunded Warrants Issued Related To Intangible Assets PrefundedWarrantsIssuedRelatedToIntangibleAssets		usd
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	AGRI	Initial Operating Lease Liability InitialOperatingLeaseLiability		usd
	AGRI	Initial Lease Rightofuse Asset InitialLeaseRightofuseAsset		usd
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CY2021Q4	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent		usd
CY2021Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent		usd
	dei	Document Type DocumentType	10-Q
	dei	Document Quarterly Report DocumentQuarterlyReport	true
	dei	Document Period End Date DocumentPeriodEndDate	2022-06-30
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2022
	dei	Document Transition Report DocumentTransitionReport	false
	dei	Entity File Number EntityFileNumber	001-40578
	dei	Entity Registrant Name EntityRegistrantName	AGRIFORCE GROWING SYSTEMS LTD.
	dei	Entity Address Address Line1 EntityAddressAddressLine1	300 – 2233 Columbia Street
	dei	Entity Address City Or Town EntityAddressCityOrTown	Vancouver
	dei	Entity Address State Or Province EntityAddressStateOrProvince	BC
	dei	Entity Address Country EntityAddressCountry	CA
	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	V5Y 0M6
	dei	City Area Code CityAreaCode	(604)
	dei	Local Phone Number LocalPhoneNumber	757-0952
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
	dei	Entity Small Business EntitySmallBusiness	true
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	true
	dei	Entity Ex Transition Period EntityExTransitionPeriod	false
	dei	Entity Shell Company EntityShellCompany	false
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CY2022Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	1711179	usd
CY2021Q4	AGRI	Lease Deposit Non Current LeaseDepositNonCurrent	50608	usd
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CY2021Q4	us-gaap	Deferred Rent Credit Noncurrent DeferredRentCreditNoncurrent	12954	usd
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	us-gaap	Depreciation Depreciation	8992	usd
	us-gaap	Depreciation Depreciation	5323	usd
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	AGRI	Accretion Of Interest On Senior Secured Debentures AccretionOfInterestOnSeniorSecuredDebentures	427360	usd
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	us-gaap	Net Income Loss NetIncomeLoss	-6723871	usd
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CY2021Q2	us-gaap	Dividends Preferred Stock Stock DividendsPreferredStockStock	532258	usd
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	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-6723871	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-2623847	usd
CY2022Q2	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-21192	usd
CY2021Q2	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-5285	usd
	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-33093	usd
	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	7749	usd
CY2022Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-3463777	usd
CY2021Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-1744526	usd
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-6756964	usd
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-2616098	usd
CY2022Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.21
CY2021Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.20
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.43
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.30
CY2022Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	16518480	shares
CY2021Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	8892989	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	15872349	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	8668881	shares
CY2022Q1	us-gaap	Stockholders Equity StockholdersEquity	5050090	usd
CY2022Q2	us-gaap	Stock Issued During Period Value Issued For Services StockIssuedDuringPeriodValueIssuedForServices	560591	usd
CY2022Q2	AGRI	Stock Issued During Period Value Shares Issued For Bonus StockIssuedDuringPeriodValueSharesIssuedForBonus	234369	usd
CY2022Q2	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition	56390	usd
CY2022Q2	AGRI	Prefunded Warrants Issued PrefundedWarrantsIssued	7705600	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	-3442585	usd
CY2022Q2	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-21192	usd
CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	10143263	usd
CY2021Q1	us-gaap	Stockholders Equity StockholdersEquity	810481	usd
CY2021Q2	us-gaap	Stock Issued During Period Value Share Based Compensation Gross StockIssuedDuringPeriodValueShareBasedCompensationGross	514066	usd
CY2021Q2	us-gaap	Stock Issued During Period Value Issued For Services StockIssuedDuringPeriodValueIssuedForServices	32182	usd
CY2021Q2	AGRI	Stock Issued During Period Value Issued For Debt Term Extension StockIssuedDuringPeriodValueIssuedForDebtTermExtension	60000	usd
CY2021Q2	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition	65559	usd
CY2021Q2	us-gaap	Net Income Loss NetIncomeLoss	-1206983	usd
CY2021Q2	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-5285	usd
CY2021Q2	us-gaap	Stockholders Equity StockholdersEquity	270020	usd
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	8000103	usd
	AGRI	Stock Issued During Period Value Shares Issued For Bonus StockIssuedDuringPeriodValueSharesIssuedForBonus	331490	usd
	us-gaap	Stock Issued During Period Value Issued For Services StockIssuedDuringPeriodValueIssuedForServices	648662	usd
	AGRI	Prefunded Warrants Issued PrefundedWarrantsIssued	7705600	usd
	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition	214372	usd
	us-gaap	Net Income Loss NetIncomeLoss	-6723871	usd
	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-33093	usd
CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	10143263	usd
CY2020Q4	us-gaap	Stockholders Equity StockholdersEquity	1403484	usd
	us-gaap	Stock Issued During Period Value Share Based Compensation Gross StockIssuedDuringPeriodValueShareBasedCompensationGross	514066	usd
	us-gaap	Stock Issued During Period Value Issued For Services StockIssuedDuringPeriodValueIssuedForServices	220509	usd
	AGRI	Stock Issued During Period Value Issued For Debt Term Extension StockIssuedDuringPeriodValueIssuedForDebtTermExtension	60000	usd
	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition	155801	usd
	us-gaap	Net Income Loss NetIncomeLoss	-2091589	usd
	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	7749	usd
CY2021Q2	us-gaap	Stockholders Equity StockholdersEquity	270020	usd
	us-gaap	Net Income Loss NetIncomeLoss	-6723871	usd
	us-gaap	Net Income Loss NetIncomeLoss	-2091589	usd
	us-gaap	Depreciation Depreciation	8992	usd
	us-gaap	Depreciation Depreciation	5323	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	214372	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	155801	usd
	us-gaap	Issuance Of Stock And Warrants For Services Or Claims IssuanceOfStockAndWarrantsForServicesOrClaims	648662	usd
	us-gaap	Issuance Of Stock And Warrants For Services Or Claims IssuanceOfStockAndWarrantsForServicesOrClaims	220509	usd
	AGRI	Shares Issued For Debt Term Extension SharesIssuedForDebtTermExtension	60000	usd
	AGRI	Accretion Of Interest On Senior Secured Debentures AccretionOfInterestOnSeniorSecuredDebentures	427360	usd
	AGRI	Gain Loss On Extension Of Debt Term GainLossOnExtensionOfDebtTerm	59259	usd
	AGRI	Shares Issued For Compensation And Bonus SharesIssuedForCompensationAndBonus	331490	usd
	us-gaap	Fair Value Adjustment Of Warrants FairValueAdjustmentOfWarrants	-218462	usd
	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	103074	usd
	us-gaap	Increase Decrease In Other Receivables IncreaseDecreaseInOtherReceivables	15016	usd
	us-gaap	Increase Decrease In Other Receivables IncreaseDecreaseInOtherReceivables	538	usd
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-232238	usd
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	16793	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	478645	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	380986	usd
	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	-118126	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-5058002	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-799682	usd
	us-gaap	Payments To Acquire Machinery And Equipment PaymentsToAcquireMachineryAndEquipment	92479	usd
	us-gaap	Payments To Acquire Machinery And Equipment PaymentsToAcquireMachineryAndEquipment	2190	usd
	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	500000	usd
	us-gaap	Payments For Construction In Process PaymentsForConstructionInProcess	50000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-642479	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-2190	usd
	AGRI	Proceeds From Issuance Of Secured Debts ProceedsFromIssuanceOfSecuredDebts	600000	usd
	AGRI	Financing Costs Of Debentures FinancingCostsOfDebentures	35000	usd
	AGRI	Financing Costs Of Debentures FinancingCostsOfDebentures	69000	usd
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	15932	usd
	us-gaap	Payments For Repurchase Of Initial Public Offering PaymentsForRepurchaseOfInitialPublicOffering	173541	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-35000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	373391	usd
	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	-42899	usd
	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	-67878	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-5778380	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-496359	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	7775290	usd
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	653410	usd
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	1996910	usd
CY2021Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	157051	usd
	AGRI	Fair Value Of Shares In Connection With Extension Of Senior Secured Debentures FairValueOfSharesInConnectionWithExtensionOfSeniorSecuredDebentures	60000	usd
	AGRI	Fair Value Of Debenture Warrants FairValueOfDebentureWarrants	4080958	usd
	AGRI	Fair Value Of Conversion Feature Of Debentures FairValueOfConversionFeatureOfDebentures	3336535	usd
	AGRI	Debt Receivable DebtReceivable	11910000	usd
	AGRI	Prefunded Warrants Issued Related To Intangible Assets PrefundedWarrantsIssuedRelatedToIntangibleAssets	7705600	usd
	AGRI	Unpaid Financing Cost UnpaidFinancingCost	1600312	usd
	AGRI	Preferred Stock Dividend Paid In Common Shares PreferredStockDividendPaidInCommonShares	532258	usd
	AGRI	Unpaid Amount Related To Construction In Progress UnpaidAmountRelatedToConstructionInProgress	744191	usd
	AGRI	Initial Operating Lease Liability InitialOperatingLeaseLiability	1776599	usd
	AGRI	Initial Lease Rightofuse Asset InitialLeaseRightofuseAsset	1837782	usd
	AGRI	Unpaid Initial Public Offering Costs UnpaidInitialPublicOfferingCosts	803694	usd
	us-gaap	Nature Of Operations NatureOfOperations	<p id="xdx_808_eus-gaap--NatureOfOperations_zdDnRQrZgzfl" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>1. <span id="xdx_829_zm2fkeYeWMz6">NATURE OF OPERATIONS AND BASIS OF PREPARATION</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Business Overview</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">AgriFORCE Growing Systems Ltd. (the “Company”) was incorporated as a private company by Articles of Incorporation issued pursuant to the provisions of the Business Corporations Act (British Columbia) on December 22, 2017. The Company’s registered and records office address is at 300 – 2233 Columbia Street, Vancouver, British Columbia, Canada, V5Y 0M6. On February 13, 2018, the Company changed its name from 1146470 B.C. Ltd to Canivate Growing Systems Ltd. On November 22, 2019 the Company changed its name from Canivate Growing Systems Ltd. to AgriFORCE Growing Systems Ltd.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">At AgriFORCE, our purpose is clear: to positively transform farm, food, and family every day, everywhere. With years of in-depth research and development experience, we are pioneers, ready to deliver integrated, practical, and sustainable solutions that can be applied throughout multiple verticals in AgTech. We drive our business through two operating divisions, AgriFORCE Solutions and AgriFORCE Brands.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our two divisions—AgriFORCE Solutions and AgriFORCE Brands—work in partnership to address some of the existential challenges being faced by the world today—climate change, extreme weather, food security and sovereignty, the environmental impact of industrial and commercial farming—working towards providing better tasting, more nutritious plant-based foods and other products to consumers on a global level.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Basis of Presentation</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The accompanying Unaudited Condensed Consolidated Interim Financial Statements (the “interim financial statements”) and related financial information of AgriFORCE Growing Systems Ltd. should be read in conjunction with the audited financial statements and the related notes thereto for the years ended December 31, 2021 and 2020 included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on March 30, 2022. These unaudited interim financial statements have been prepared in accordance with the rules and regulations of the United States Securities and SEC for interim financial information. Accordingly, they do not include all of the information and footnotes required by the accounting principles generally accepted in the United States of America (“U.S. GAAP”) for complete financial statements.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In the opinion of management, the accompanying interim financial statements contain all adjustments which are necessary to state fairly the Company’s financial position as of June 30, 2022 and December 31, 2021, and the results of its operations during the three and six months ended June 30, 2022 and 2021 and cash flows for the six months ended June 30, 2022 and 2021. Such adjustments are of a normal and recurring nature. The results for the three and six months ended June 30, 2022 are not necessarily indicative of the results to be expected for the full fiscal year ending December 31, 2022, or for any future period.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Liquidity and Management’s Plan</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company has incurred substantial operating losses since its inception and expects to continue to incur significant operating losses for the foreseeable future. As reflected in the interim financial statements for the six months ended June 30, 2022, the Company had a net loss of $<span id="xdx_904_eus-gaap--ProfitLoss_iN_pn5n6_di_c20220101__20220630_zgYoJbMnwJSk" title="Net loss">6.7 </span>million, <span id="xdx_90C_eus-gaap--NetCashProvidedByUsedInOperatingActivities_iN_pn5n6_di_c20220101__20220630_z0EiBoOgt2Hg" title="Net cash used in operating activities">$5.1</span> million of net cash used in operating activities, and the Company had working capital of $<span id="xdx_903_ecustom--WorkingCaptial_pn5n6_c20220101__20220630_zu2GmmKszZzc" title="Working captial">7.1</span> million.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The accompanying interim financial statements have been prepared on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. The interim financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might result from the outcome of this uncertainty. The Company is at the stage of development of its first facility and other intellectual property. As such it is likely that additional financing will be needed by the Company to fund its operations and to develop and commercialize its technology. These factors raise substantial doubt about the Company’s ability to continue as a going concern. For the next twelve months from issuance of these interim financial statements, the Company will seek to obtain additional capital through the sale of debt or equity financings or other arrangements to fund operations; however, there can be no assurance that the Company will be able to raise needed capital under acceptable terms, if at all. The sale of additional equity may dilute existing shareholders and newly issued shares may contain senior rights and preferences compared to our currently outstanding common shares. If the Company is unable to obtain such additional financing, future operations would need to be scaled back or discontinued. Due to the uncertainty in the Company’s ability to raise capital, management believes that there is substantial doubt in the Company’s ability to continue as a going concern for twelve months from the issuance of these interim financial statements.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p>
	us-gaap	Profit Loss ProfitLoss	-6700000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-5100000	usd
	AGRI	Working Captial WorkingCaptial	7100000	usd
CY2022Q2	us-gaap	Other Assets OtherAssets	26719	usd
CY2021Q4	us-gaap	Other Assets OtherAssets	28903	usd
CY2022Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	111802	usd
CY2021Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	309040	usd
CY2022Q2	us-gaap	Deposit Assets DepositAssets	32000	usd
CY2021Q4	us-gaap	Deposit Assets DepositAssets	32000	usd
CY2022Q2	AGRI	Legal Retainer LegalRetainer	15643	usd
CY2021Q4	AGRI	Legal Retainer LegalRetainer	33692	usd
CY2022Q2	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	37440	usd
CY2021Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	214445	usd
	us-gaap	Payments To Acquire Other Productive Assets PaymentsToAcquireOtherProductiveAssets	725000	usd
CY2022Q2	AGRI	Contingent Consideration Payable ContingentConsiderationPayable	741561	usd
CY2022Q2	us-gaap	Accounts Payable Current And Noncurrent AccountsPayableCurrentAndNoncurrent	1339681	usd
CY2021Q4	us-gaap	Accounts Payable Current And Noncurrent AccountsPayableCurrentAndNoncurrent	414117	usd
CY2022Q2	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	760783	usd
CY2021Q4	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	981027	usd
CY2022Q2	us-gaap	Accounts Payable And Other Accrued Liabilities AccountsPayableAndOtherAccruedLiabilities	205387	usd
CY2021Q4	us-gaap	Accounts Payable And Other Accrued Liabilities AccountsPayableAndOtherAccruedLiabilities	137168	usd
CY2022Q2	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	2305851	usd
CY2021Q4	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	1532312	usd
CY2022Q2	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	437397	usd
CY2022Q2	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	111140	usd
CY2022Q2	us-gaap	Due To Officers Or Stockholders Current DueToOfficersOrStockholdersCurrent	68095	usd
CY2021Q4	us-gaap	Due To Officers Or Stockholders Current DueToOfficersOrStockholdersCurrent	39309	usd
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	82086	usd
CY2021	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	89236	usd
CY2022Q2	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	62065	usd
CY2021Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	352482	usd
CY2021Q4	us-gaap	Secured Debt SecuredDebt	500000	usd
	us-gaap	Debt Instrument Maturity Date DebtInstrumentMaturityDate	2024-12-31
CY2022Q2	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	14025000	usd
CY2022Q2	us-gaap	Debt Instrument Unamortized Discount DebtInstrumentUnamortizedDiscount	10327387	usd
CY2022Q2	us-gaap	Secured Debt Current SecuredDebtCurrent	3697613	usd
	us-gaap	Fair Value Adjustment Of Warrants FairValueAdjustmentOfWarrants	-218462	usd
	AGRI	Initial Operating Lease Liability InitialOperatingLeaseLiability	1776599	usd
	AGRI	Initial Lease Rightofuse Asset InitialLeaseRightofuseAsset	1837782	usd
	us-gaap	Operating Lease Cost OperatingLeaseCost	152072	usd
	us-gaap	Short Term Lease Cost ShortTermLeaseCost	7363	usd
	us-gaap	Lease Cost LeaseCost	159435	usd
CY2022Q2	us-gaap	Lessee Operating Lease Remaining Lease Term LesseeOperatingLeaseRemainingLeaseTerm	P7Y
CY2022Q2	us-gaap	Lessee Operating Lease Discount Rate LesseeOperatingLeaseDiscountRate	0.070	pure
CY2022Q2	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	140382	usd
CY2022Q2	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	284953	usd
CY2022Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	294727	usd
CY2022Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	311483	usd
CY2022Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	311483	usd
CY2022Q2	us-gaap	Lessee Operating Lease Liability Payments Due After Year Five LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive	856578	usd
CY2022Q2	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	2199606	usd
CY2022Q2	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	541133	usd
CY2022Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	1658473	usd
CY2022Q2	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	258997	usd
CY2022Q2	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	1399476	usd
CY2022Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear	2244000	usd
CY2022Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	6732000	usd
CY2022Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	5049000	usd
CY2022Q2	us-gaap	Long Term Debt LongTermDebt	14025000	usd

Files In Submission

Name	View Source	Status
0001493152-22-022805-index-headers.html	Edgar Link	pending
0001493152-22-022805-index.html	Edgar Link	pending
0001493152-22-022805.txt	Edgar Link	pending
0001493152-22-022805-xbrl.zip	Edgar Link	pending
agri-20220630.xsd	Edgar Link	pending
ex31-1.htm	Edgar Link	pending
ex31-2.htm	Edgar Link	pending
ex32-1.htm	Edgar Link	pending
ex32-2.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
form10-q.htm	Edgar Link	pending
form10-q_001.jpg	Edgar Link	pending
form10-q_002.jpg	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.htm	Edgar Link	pending
R37.htm	Edgar Link	pending
R38.htm	Edgar Link	pending
R39.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
agri-20220630_pre.xml	Edgar Link	unprocessable
agri-20220630_lab.xml	Edgar Link	unprocessable
agri-20220630_cal.xml	Edgar Link	unprocessable
form10-q_htm.xml	Edgar Link	completed
R40.htm	Edgar Link	pending
R41.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
agri-20220630_def.xml	Edgar Link	unprocessable

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$AGRI
AGRIFORCE GROWING SYSTEMS LTD. Stock $agri

2022 Q3 Form 10-Q Financial Statement

#000149315222022805 Filed on August 15, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$AGRI AGRIFORCE GROWING SYSTEMS LTD. Stock $agri

2022 Q3 Form 10-Q Financial Statement

#000149315222022805 Filed on August 15, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$AGRI
AGRIFORCE GROWING SYSTEMS LTD. Stock $agri