2024 Q4 Form 10-Q Financial Statement

#000149315224046821 Filed on November 19, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2023 Q4
Revenue $16.28K
YoY Change
Cost Of Revenue $13.58K
YoY Change
Gross Profit $2.700K
YoY Change
Gross Profit Margin 16.58%
Selling, General & Admin $305.5K $3.631M
YoY Change 50.42% 15.82%
% of Gross Profit 134480.74%
Research & Development $54.04K
YoY Change -299.79%
% of Gross Profit
Depreciation & Amortization $169.3K $169.8K
YoY Change -0.44% 2434.93%
% of Gross Profit 6290.37%
Operating Expenses $5.605M $3.789M
YoY Change 3084.47% 16.03%
Operating Profit -$5.605M -$3.786M
YoY Change 243.67%
Interest Expense -$631.0K -$1.994M
YoY Change -69.81% 27.74%
% of Operating Profit
Other Income/Expense, Net $314.0K $2.469M
YoY Change 36.51% 19.01%
Pretax Income -$5.847M -$3.993M
YoY Change 67.55% 45.07%
Income Tax
% Of Pretax Income
Net Earnings -$5.847M -$3.993M
YoY Change 67.4% 45.07%
Net Earnings / Revenue -24527.83%
Basic Earnings Per Share -$0.06
Diluted Earnings Per Share -$0.06 -$1.43
COMMON SHARES
Basic Shares Outstanding 155.0M shares 92.34M shares 1.414M shares
Diluted Shares Outstanding 92.02M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.373M $3.879M
YoY Change 69.54% 70.91%
Cash & Equivalents $1.373M $3.879M
Short-Term Investments
Other Short-Term Assets $74.94K $272.9K
YoY Change -70.02% -54.4%
Inventory $47.17K $38.86K
Prepaid Expenses $280.3K $223.6K
Receivables $163.00 $30.86K
Other Receivables $23.65K $0.00
Total Short-Term Assets $1.944M $4.221M
YoY Change 67.52% 44.73%
LONG-TERM ASSETS
Property, Plant & Equipment $2.612K $125.4K
YoY Change -97.18% 3.04%
Goodwill $314.4K
YoY Change
Intangibles $8.370M $12.73M
YoY Change -33.68% -2.72%
Long-Term Investments $223.8K
YoY Change
Other Assets $48.21K $63.71K
YoY Change -96.95%
Total Long-Term Assets $8.848M $13.15M
YoY Change -45.3% -30.55%
TOTAL ASSETS
Total Short-Term Assets $1.944M $4.221M
Total Long-Term Assets $8.848M $13.15M
Total Assets $10.79M $17.37M
YoY Change -37.75% -20.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $612.1K $1.074M
YoY Change -1.89% 115.49%
Accrued Expenses $962.5K $868.5K
YoY Change 44.58% 137.59%
Deferred Revenue $15.34K
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.094M $4.085M
YoY Change -76.58% 3.62%
Total Short-Term Liabilities $3.160M $6.042M
YoY Change -53.94% 12.71%
LONG-TERM LIABILITIES
Long-Term Debt $44.45K $45.37K
YoY Change 11.13% 2.42%
Other Long-Term Liabilities $25.17K $2.716M
YoY Change -99.18% -53.96%
Total Long-Term Liabilities $25.17K $2.761M
YoY Change -99.19% -53.54%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.160M $6.042M
Total Long-Term Liabilities $25.17K $2.761M
Total Liabilities $4.122M $8.803M
YoY Change -58.72% -22.12%
SHAREHOLDERS EQUITY
Retained Earnings -$57.91M -$44.50M
YoY Change 42.95% 35.67%
Common Stock $62.13M $49.83M
YoY Change 48.31% 83.58%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.669M $8.565M
YoY Change
Total Liabilities & Shareholders Equity $10.79M $17.37M
YoY Change -37.75% -20.5%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2023 Q4
OPERATING ACTIVITIES
Net Income -$5.847M -$3.993M
YoY Change 67.4% 45.07%
Depreciation, Depletion And Amortization $169.3K $169.8K
YoY Change -0.44% 2434.93%
Cash From Operating Activities -$1.201M -$1.065M
YoY Change 9.15% -66.62%
INVESTING ACTIVITIES
Capital Expenditures $225.0K
YoY Change -687.93%
Acquisitions
YoY Change
Other Investing Activities -$356.1K $0.00
YoY Change -100.0%
Cash From Investing Activities -$356.1K -$225.0K
YoY Change 1243.28%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 4.534M
YoY Change -100.0% -300.66%
NET CHANGE
Cash From Operating Activities -1.201M -1.065M
Cash From Investing Activities -356.1K -225.0K
Cash From Financing Activities 0.000 4.534M
Net Change In Cash -1.557M 3.244M
YoY Change 238.42% -159.33%
FREE CASH FLOW
Cash From Operating Activities -$1.201M -$1.065M
Capital Expenditures $225.0K
Free Cash Flow -$1.290M
YoY Change -59.08%

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<p id="xdx_80D_eus-gaap--NatureOfOperations_zpBy5O2wW7Ik" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>1. <span id="xdx_822_zE8CPdrGISw6">NATURE OF OPERATIONS AND BASIS OF PREPARATION</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 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 0pt 0pt 0; text-align: justify"><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 0pt 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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">AgriFORCE Growing Systems Ltd. (“AgriFORCE™” or the “Company”) was incorporated as a private company by Articles of Incorporation issued pursuant to the provisions of the <i>Business Corporations Act (British Columbia)</i> on December 22, 2017. The Company’s registered and records office address is at 800 – 525 West 8<sup>th</sup> Avenue, Vancouver, British Columbia, Canada, V5Z 1C6.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company is an innovative sustainable technology focused company that strives to innovate and deliver sustainable technology solutions across a wide array of verticals utilization of our proprietary intellectual property to businesses and enterprises through our AgriFORCE™ Solutions division (“Solutions”) and deliver innovative flour products through our AgriFORCE™ Brands division (“Brands”). In the third quarter of 2024, the Company bought the assets of the Radical Clean Solutions (“RCS”) business for which it had bought an exclusive license to the agricultural industry in 2023. During 2023, the Company commenced efforts to launch its UN(THINK) Awakened Flour™, which is a nutritious flour that we believe provides health advantages over traditional flour.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">While Solutions’ legacy focus was to operate in the plant based pharmaceutical, nutraceutical, and other high value crop markets using its unique proprietary facility design and hydroponics based automated growing system that enable cultivators to effectively grow crops in a controlled environment (“FORCEGH+™”). it has changed its focus to broaden the use of its proprietary intellectual property across multiple industries. For instance, the Company through its RCS purchase is not able to utilize that technology to deliver solutions across multiple industries, including not only agriculture, but other industries including hospitality, commercial applications, education institutions, residential real estate and transportation.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Brands is focused on the development and commercialization of plant-based ingredients and products that deliver healthier and more nutritious solutions. We strive to market and commercialize both branded consumer product offerings and ingredient supply.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 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 0pt 0pt 0; text-align: justify"><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 0pt 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 0pt 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 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, 2023 and 2022 included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on April 1, 2024. 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 0pt 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 0pt 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 September 30, 2024 and December 31, 2023, and the results of its operations and cash flows during the nine months ended September 30, 2024 and 2023. Such adjustments are of a normal and recurring nature. The results for the nine months ended September 30, 2024 are not necessarily indicative of the results to be expected for the full fiscal year ending December 31, 2024, or for any future period.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 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 0pt 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 0pt 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><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 0pt 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 0pt 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 nine months ended September 30, 2024, the Company had a net loss of $<span id="xdx_900_eus-gaap--NetIncomeLoss_iN_pn5n6_di_c20240101__20240930_zF4bbMqmsmfg">13.4</span></span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">million, $<span id="xdx_90E_eus-gaap--NetCashProvidedByUsedInOperatingActivities_pn5n6_di_c20240101__20240930_zYiVlI8xEZnl">3.4</span></span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">million of net cash used in operating activities, and the Company had a working capital deficiency of $<span id="xdx_903_ecustom--WorkingCapitalDeficit_iNI_pn5n6_di_c20240930_zZ0FR5WnylGh" title="Working capital deficit">1.2</span></span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">million.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On June 24, 2024, the Company received a Staff Listing Determination Letter from Nasdaq pursuant to which the Staff has determined that as of June 21, 2024, the Company’s common shares had a per share closing bid price of $<span id="xdx_904_ecustom--CommonStockClosingBidPrice_c20240606__20240621_z9aO6llPcB6d" title="Closing bid price">0.10</span> or less for ten consecutive trading days (the Company’s bid price has closed at or below $<span id="xdx_902_ecustom--CommonStockClosingBidPrice_c20240606__20240621_zUhI9SzeBBhk" title="Closing bid price">0.10</span> per share from June 6, 2024, through June 21, 2024). Nasdaq has granted the Company an exception to comply with the bid price rule as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On or before November 27, 2024, the Company shall obtain shareholders approval for a reverse stock split at a ratio that satisfies the minimum requirement in the Bid Price Rule;</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On or before December 4, 2024, the Company shall effect a reverse stock split and, thereafter, maintain a $<span id="xdx_900_ecustom--CommonStockClosingBidPrice_pid_c20241204__20241204__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_z1NGR8Vfglhc" title="Closing bid price">1</span> closing bid price for a minimum of ten consecutive business days;</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On or before December 17, 2024, the Company shall have demonstrated compliance with the Bid Price Rule, by evidencing a closing bid price of $<span id="xdx_904_ecustom--CommonStockClosingBidPrice_pid_c20241217__20241217__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_z4DFK2yNkRBa" title="Closing bid price">1</span> or more per share for a minimum of ten consecutive trading sessions.</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">To meet these requirements, the Company is holding its previously postponed Annual Meeting of Shareholders on November 25, 2024, and assuming shareholder approval, will effect a reverse split immediately thereafter.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 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 0pt 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 development stage of its business plan. 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 plans to 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 0pt 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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Reverse Stock Split</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On October 11, 2023, the Company executed a one-for-fifty reverse stock split of the Company’s common shares (the “Reverse Split”). As a result of the Reverse Split, every 50 shares of the Company’s old common shares were converted into one share of the Company’s new common shares. Fractional shares resulting from the reverse split were rounded up to the nearest whole number. The Reverse Split automatically and proportionately adjusted all issued and outstanding shares of the Company’s common shares, as well as convertible debentures, convertible features, prefunded warrants, stock options and warrants outstanding at the time of the date of the Reverse Split. The exercise price on outstanding equity based-grants was proportionately increased, while the number of shares available under the Company’s equity-based plans was proportionately reduced. Share and per share data (except par value) for the periods presented reflect the effects of the Reverse Split. References to numbers of common shares and per share data in the accompanying financial statements and notes thereto for periods ended prior to October 11, 2023 have been adjusted to reflect the Reverse Split on a retroactive basis.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
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CY2024Q2 AGRI Common Stock Closing Bid Price
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<p id="xdx_84A_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zUuKbLiHNKVi" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_869_zpWyEH2Vt0I6">Reclassifications</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company has reclassified certain share base payment expenses from <i>Wages and salaries</i> to <i>Share based compensation</i> in the 2023 consolidated statements of comprehensive loss to align with the 2024 presentation.</span></p>
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CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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The First, Second, Third, Fourth, Fifth, Sixth and Seventh Tranche Debentures (the “Debentures”) have an interest rate of 5% for the first 12 months, 6% for the subsequent 12 months, and 8% per annum thereafter. Principal repayments will be made in 25 equal installments which began on September 1, 2022 for the First Tranche Debentures, July 1, 2023 for the Second Tranche Debentures, January 1, 2024 for the Third Tranche Debentures, May 1, 2024 for the Fourth Tranche Debentures, August 1, 2024 for the Fifth Tranche Debentures, October 1, 2024 for the Sixth Tranche Debentures and November 1, 2024 for the Seventh Tranche Debentures. The Debentures may be extended by nine months at the election of the Company by paying a sum equal to nine months’ interest on the principal amount outstanding at the end of the 18th month, at the rate of 8% per annum.
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AGRI Accretion Interest On Debentures
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us-gaap Repayments Of Convertible Debt
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CY2023Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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CY2023Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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CY2024Q2 us-gaap Employee Stock Ownership Plan Esop Terms Of Repurchase Obligation
EmployeeStockOwnershipPlanESOPTermsOfRepurchaseObligation
the Company’s Board of Directors authorized a share repurchase program (the “Repurchase Program”) under which the Company may repurchase up to $1 million of its outstanding common shares, for a period of six months, subject to contractual requirements.
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2024Q3 us-gaap Long Term Debt
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CY2023Q3 us-gaap Loss Contingency Damages Awarded Value
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230000 usd
CY2024Q1 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
467249

Files In Submission

Name View Source Status
agri-20240930_cal.xml Edgar Link unprocessable
0001493152-24-046821-index-headers.html Edgar Link pending
0001493152-24-046821-index.html Edgar Link pending
0001493152-24-046821.txt Edgar Link pending
0001493152-24-046821-xbrl.zip Edgar Link pending
agri-20240930.xsd Edgar Link pending
ex31-1.htm Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
form10-q.htm Edgar Link pending
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MetaLinks.json Edgar Link pending
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agri-20240930_def.xml Edgar Link unprocessable
agri-20240930_lab.xml Edgar Link unprocessable
agri-20240930_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
form10-q_htm.xml Edgar Link completed
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report.css Edgar Link pending
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