Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2023 | Dec. 13, 2023 | |
Document Information [Line Items] | ||
Entity Central Index Key | 0001063537 | |
Entity Registrant Name | RiceBran Technologies | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2023 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Sep. 30, 2023 | |
Document Transition Report | false | |
Entity File Number | 001-36245 | |
Entity Incorporation, State or Country Code | CA | |
Entity Tax Identification Number | 87-0673375 | |
Entity Address, Address Line One | 25420 Kuykendahl Rd., Suite B300 | |
Entity Address, City or Town | Tomball | |
Entity Address, State or Province | TX | |
Entity Address, Postal Zip Code | 77375 | |
City Area Code | 281 | |
Local Phone Number | 675-2421 | |
Title of 12(b) Security | Common Stock, no par value per share | |
Trading Symbol | RIBT | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 9,512,741 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Revenues | $ 4,857 | $ 6,637 | $ 16,970 | $ 19,209 |
Cost of goods sold | 5,337 | 7,199 | 17,484 | 20,192 |
Gross loss | (480) | (562) | (514) | (983) |
Selling, general and administrative expenses | 1,250 | 1,436 | 4,352 | 4,021 |
Loss from continuing operations before other income (expense) | (1,730) | (1,998) | (4,866) | (5,004) |
Interest income | (1) | 7 | 26 | 9 |
Interest expense | (123) | (125) | (476) | (343) |
Change in fair value of derivative warrant liability | 53 | 612 | 14 | 24 |
Other expense | 106 | (39) | (3) | (111) |
Other income | (87) | 0 | 178 | 5 |
Loss from continuing operations before income taxes | (1,782) | (1,543) | (5,121) | (5,420) |
Income tax expense | 0 | (8) | (11) | (20) |
Loss from continuing operations | (1,782) | (1,551) | (5,132) | (5,440) |
Loss from discontinued operations | 0 | (491) | (9,009) | (739) |
Net loss | $ (1,782) | $ (2,042) | $ (14,141) | $ (6,179) |
Basic and diluted loss per common share: | ||||
Continuing operations (in dollars per share) | $ (0.26) | $ (0.29) | $ (0.77) | $ (1.03) |
Discontinued operations (in dollars per share) | 0 | (0.09) | (1.34) | (0.14) |
Earnings Per Share, Basic | $ (0.26) | $ (0.38) | $ (2.11) | $ (1.17) |
Weighted average number of shares outstanding: | ||||
Basic (in shares) | 6,806,353 | 5,332,308 | 6,699,963 | 5,290,780 |
Diluted (in shares) | 6,806,353 | 5,332,308 | 6,699,963 | 5,290,780 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Current assets: | ||
Cash and cash equivalents | $ 466 | $ 3,941 |
Accounts receivable, net of allowance for credit losses of $49 and $27 | 2,620 | 3,703 |
Inventories | 514 | 465 |
Other current assets | 515 | 735 |
Current assets held for sale | 0 | 2,224 |
Total current assets | 4,115 | 11,068 |
Property and equipment, net | 5,937 | 6,020 |
Operating lease right-of-use assets | 0 | 77 |
Intangible assets | 295 | 380 |
Long-term assets held for sale | 0 | 9,888 |
Total assets | 10,347 | 27,433 |
Current liabilities: | ||
Accounts payable | 1,414 | 1,232 |
Commodities payable | 2,538 | 1,546 |
Accrued salary, wages and benefits | 438 | 489 |
Accrued legal | 1,545 | 595 |
Accrued expenses | 590 | 500 |
Operating lease liabilities, current portion | 0 | 107 |
Due under line of credit | 1,910 | 3,150 |
Due under insurance premium finance agreements | 195 | 185 |
Finance lease liabilities, current portion | 136 | 113 |
Long-term debt, current portion | 1,273 | 988 |
Current liabilities held for sale | 0 | 540 |
Total current liabilities | 10,039 | 11,277 |
Finance lease liabilities, less current portion | 434 | 320 |
Long-term debt, less current portion | 603 | 836 |
Derivative warrant liability | 55 | 69 |
Long-term liabilities held for sale | 0 | 2,022 |
Total liabilities | 11,131 | 14,524 |
Commitments and contingencies | ||
Shareholders' equity (deficit): | ||
Preferred stock, 20,000,000 shares authorized: Series G, convertible, 3,000 shares authorized, stated value $150, 150 shares, issued and outstanding | 75 | 75 |
Common stock, no par value, 15,000,000 shares authorized, 6,608,376 shares and 6,309,509 shares, issued and outstanding | 328,999 | 328,551 |
Accumulated deficit | (329,858) | (315,717) |
Total shareholders' equity (deficit) | (784) | 12,909 |
Total liabilities and shareholders' equity | 10,347 | 27,433 |
Line of Credit With Bank [Member] | ||
Current liabilities: | ||
Due under line of credit | $ 0 | $ 1,832 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares | Sep. 30, 2023 | Dec. 31, 2022 |
Preferred stock, authorized (in shares) | 20,000,000 | 20,000,000 |
Preferred stock, stated value (in dollars per share) | $ 150 | $ 150 |
Preferred stock, issued (in shares) | 150 | 150 |
Preferred stock, outstanding (in shares) | 150 | 150 |
Common stock, par value (in dollars per share) | $ 0 | $ 0 |
Common stock, authorized (in shares) | 15,000,000 | 15,000,000 |
Common stock, issued (in shares) | 6,608,376 | 6,309,509 |
Common stock, outstanding (in shares) | 6,608,376 | 6,309,509 |
Series G Preferred Stock [Member] | ||
Preferred stock, authorized (in shares) | 3,000 | 3,000 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Cash flow from operating activities: | ||
Net loss | $ (14,141) | $ (6,179) |
Loss from discontinued operations | (9,009) | (739) |
Loss from continuing operations | (5,132) | (5,440) |
Adjustments to reconcile net loss to net cash used in operating activities of continuing operations | ||
Depreciation | 694 | 671 |
Amortization | 85 | 116 |
Stock and share-based compensation | 448 | 817 |
Change in fair value of derivative warrant liability | (14) | (24) |
Other | 0 | 10 |
Changes in operating assets and liabilities: | ||
Accounts receivable | 1,083 | (977) |
Inventories | (49) | 106 |
Accounts payable and accrued liabilities | 1,173 | 822 |
Commodities payable | 993 | 258 |
Assets held for sale | 0 | (827) |
Other | (63) | (691) |
Net cash used in operating activities of continuing operations | (782) | (4,652) |
Net cash provided by (used in) operating activities of discontinued operations | (211) | 880 |
Net cash used in operating activities | (993) | (3,772) |
Cash flows from investing activities: | ||
Purchases of property and equipment | (611) | (494) |
Net cash used in investing activities of continuing operations | (611) | (494) |
Net cash provided by (used in) investing activities of discontinued operations | 1,679 | (180) |
Net cash provided by (used in) investing activities | 1,068 | (674) |
Cash flows from financing activities: | ||
Advances on insurance premium finance agreements | 263 | 794 |
Payments on insurance premium finance agreements | (253) | (493) |
Capitalized loan costs | (6) | 0 |
Advances on debt and finance lease agreements | 0 | 377 |
Payments of debt and finance lease liabilities | (22) | (967) |
Net cash provided by (used in) financing activities of continuing operations | (3,090) | 3,104 |
Net cash used in financing activities of discontinued operations | (460) | (109) |
Net cash provided by (used in) financing activities | (3,550) | 2,995 |
Net change in cash and cash equivalents | (3,475) | (1,451) |
Cash and cash equivalents, beginning of period | 3,941 | 5,825 |
Net change in cash and cash equivalents | 3,475 | 1,451 |
Cash and cash equivalents, end of period | 466 | 4,374 |
Factoring Agreement [Member] | ||
Cash flows from financing activities: | ||
Advances on factoring agreement | 21,447 | 28,936 |
Payments on factoring agreement | (22,687) | (27,389) |
Line of Credit With Bank [Member] | ||
Cash flows from financing activities: | ||
Advances on factoring agreement | 37 | 1,846 |
Payments on bank line of credit | $ (1,869) | $ 0 |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | 1. The accompanying unaudited condensed consolidated financial statements (interim financial statements) of RiceBran Technologies and its subsidiaries were prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) and the rules and regulations of the Securities and Exchange Commission (the SEC) for reporting on Form 10 not These interim financial statements should be read in conjunction with the consolidated audited financial statements and notes thereto in our Annual Report on Form 10 December 31, 2022, The results reported in these interim financial statements are not Certain reclassifications have been made to amounts reported for the prior year to achieve consistent presentation with the current year. Such reclassifications had no |
Note 2 - Liquidity and Manageme
Note 2 - Liquidity and Management's Plans | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Nature of Operations [Text Block] | NOTE 2. LIQUIDITY AND MANAGEMENT’ S PLANS The Company has incurred losses and generated negative cash flows from operations since its inception. As of September 30, 2023, Our history of operating losses and negative operating cash flows from continuing operations raised substantial doubt about our ability to continue as a going concern before consideration of management’s plans, however after consideration of management’s recently completed refinancing, we believe substantial doubt about our ability to continue as a going concern within one On December 1, 2023, Related to this financing, Funicular was also granted warrants to purchase up to 5.0 million shares of common stock of the Company. If Funicular exercised all its warrants, it would own 49.8% of the Company. The Company also exchanged existing warrants with other investors to purchase an aggregate 2.2 million shares of common stock of the Company for an aggregate of approximately 0.6 million shares of common stock of the Company and new warrants to purchase 1.2 million shares of common stock of the Company. With the proceeds of this financing, the Company repaid its $1.5 million mortgage note (see Note 9 The Company also believes additional cash can be secured through other debt or structured equity financing, if necessary. However, there can be no not |
Note 3 - Discontinued Operation
Note 3 - Discontinued Operations | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] | NOTE 3. We continuously assess the composition of our portfolio to ensure it is aligned with our strategic objectives and positioned to maximize return to our shareholders. On June 23, 2023, The proceeds, net of expenses, of $1.4 million, and the net carrying value of the SRB Business assets and liabilities assumed as of the date of sale at $10.0 million resulted in our recognition of a loss on sale of $8.6 million. The estimated loss on sale includes no not In consideration of the Lender’s (as defined below) consent to the sale and release of securities interests and liens on SRB Business assets, we paid a portion of the amount outstanding on our mortgage promissory note, not Purchase price $ 1,800 Estimated expenses, accrued as of June 30, 2023 (375 ) Net proceeds $ 1,425 Repayment of mortgage promissory note $ 450 Payment of paid time off liabilities 215 $ 665 The following table summarizes the estimated carrying amounts of the SRB Business as of June 23, 2023, Inventories $ 2,252 Other current assets 185 Property and equipment 7,710 Operating lease right of use assets 1,566 Total assets 11,713 Accrued expenses 9 Operating lease liabilities 1,668 Finance lease liabilities 12 Long-term debt 14 Total liabilities 1,703 Net assets sold $ 10,010 The buyer of the SRB Business did not not June 23, 2023, We determined that the disposal met the criteria for presentation as discontinued operations in the second 2023. December 31, 2022. June 23, 2023, two The following table summarizes the major line items included in loss from discontinued operations related to the SRB Business and divestiture (in thousands). Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Revenues $ - 3,615 $ 6,857 $ 11,792 Cost of goods sold - (3,750 ) (6,796 ) (11,334 ) Selling, general and administrative expenses - (329 ) (457 ) (1,144 ) Interest expense - (27 ) (28 ) (53 ) Loss from operations of discontinued operations - (491 ) (424 ) (739 ) Loss on sale - - (8,585 ) - Loss from discontinued operations $ - $ (491 ) $ (9,009 ) $ (739 ) Depreciation included in cost of goods sold $ - $ 315 $ 646 $ 921 Capital expenditures $ - $ 433 $ 111 $ 722 The following table summarizes the major line items included in cash flows from discontinued operations related to the SRB Business and divestiture (in thousands). Nine Months Ended September 30, 2023 2022 Net cash provided by (used in) operating activities $ (211 ) $ 880 Net cash provided by (used in) investing activities 1,679 (180 ) Net cash used in financing activities (460 ) (109 ) Net cash provided to continuing operations $ (4,483 ) $ (2,042 ) In the nine September 2023, nine September 2023, The following table summarizes the carrying amounts of major classes of SRB Business assets and liabilities classified as held for sale as of December 31, 2022 ( Inventories $ 1,913 Other current assets 311 Property and equipment 8,187 Operating lease right of use assets 1,701 Total assets held for sale $ 12,112 Accrued expenses, including paid time off liabilities of employees of the SRB business 236 Operating lease liabilities 1,841 Finance lease liabilities 17 Long-term debt, including $450 of mortgage promissory note, not exclusively related to the SRB Business 468 Total liabilities held for sale $ 2,562 |
Note 4 - Summary of Significant
Note 4 - Summary of Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | NOTE 4. Recent accounting standards not There are no not Recently adopted accounting standards. In June 2016, ASU No. 2016 13 Financial Instruments Credit Losses (Topic 326 Measurement of Credit Losses on Financial Instruments January 1, 2023. no January 1, 2023. |
Note 5 - Accounts Receivable an
Note 5 - Accounts Receivable and Revenues | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Accounts Receivable and Revenues [Text Block} | NOTE 5. Our accounts receivable potentially subject us to significant concentrations of credit risk. Revenues and accounts receivable from significant customers (customers with revenue or accounts receivable in excess of 10% Customer A B C D % of revenues, three months ended September 30, 2023 26 % 20 % 12 % 4 % % of revenues, three months ended September 30, 2022 15 % 5 % 11 % - % % of revenues, nine months ended September 30, 2023 28 % 12 % 10 % 3 % % of revenues, nine months ended September 30, 2022 13 % 8 % 5 % 2 % % of accounts receivable, as of September 30, 2023 1 % 39 % 16 % 10 % % of accounts receivable, as of December 31, 2022 12 % 19 % - % - % The following table presents disaggregated revenues (in thousands). Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Rice products $ 3,439 $ 4,497 $ 11,530 $ 11,672 Barley products 1,192 1,481 4,466 5,411 Other 226 659 974 2,126 Revenues $ 4,857 $ 6,637 $ 16,970 $ 19,209 |
Note 6 - Inventories
Note 6 - Inventories | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Inventory Disclosure [Text Block] | NOTE 6. The following table details the components of inventories (in thousands). September 30, December 31, 2023 2022 Finished goods $ 270 $ 228 Raw materials 225 212 Packaging 19 25 Inventories $ 514 $ 465 |
Note 7 - Property and Equipment
Note 7 - Property and Equipment | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | NOTE 7. The following table details the components of property and equipment (amounts in thousands). September 30, December 31, Estimated Useful Lives 2023 2022 (in years) Land $ 493 $ 493 Furniture and fixtures - 71 7 - 10 Plant 3,444 3,440 20 - 40 or life of lease Computer and software 27 382 3 - 5 Leasehold improvements - 152 5 - 6 Machinery and equipment 6,436 5,758 5 - 15 Property and equipment, cost 10,310 10,296 Less accumulated depreciation 4,373 4,276 Property and equipment, net $ 5,937 $ 6,020 |
Note 8 - Leases
Note 8 - Leases | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Lessee, Operating and Finance Leases [Text Block] | NOTE 8. The components of lease expense and cash flows from leases (in thousands) follow. Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Finance lease cost: Amortization of right-of-use assets, included in cost of goods sold $ 36 $ 20 $ 85 $ 59 Interest on lease liabilities 14 6 41 11 Operating lease cost, included in selling, general and administrative expenses: Fixed leases cost 26 129 80 387 Variable lease cost 20 39 61 125 Short-term lease cost 20 41 96 62 Total lease cost $ 116 $ 235 $ 363 $ 644 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from finance leases $ 14 $ 6 $ 41 $ 11 Operating cash flows from operating leases $ 26 $ 129 $ 80 $ 387 Financing cash flows from finance leases $ 35 $ 22 $ 113 $ 68 As of September 30, 2023, not September 30, 2023, December 31, 2022, nine September 30, 2023, three nine September 30, 2022, As of September 30, 2023, not September 30, 2023, Operating Leases Finance Leases Remaining leases terms (in years) - 0.4 - 4.3 Weighted average remaining lease terms (in years) - 3.9 Discount rates - 2.8% - 11.6% Weighted average discount rate - 9.6% Maturities of lease liabilities as of September 30, 2023, Operating Finance Leases Leases 2023 - $ 57 2024 - 177 2025 - 167 2026 - 165 2027 - 126 Thereafter - 4 Total lease payments - 696 Amounts representing interest (126 ) Present value of lease obligations $ - $ 570 |
Note 9 - Debt
Note 9 - Debt | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | NOTE 9. We finance certain amounts owed for annual insurance premiums under financing agreements. As of September 30, 2023, March 2024, We borrow under a factoring agreement with a lender (the Lender), which provides a $7.0 million credit facility. We may two October 2024. no The Lender also advanced us $0.9 million effective September 30, 2022 ( December 31, 2022) January 2023. December 31, 2022, January 2023, Additional information related to our factoring obligation (exclusive of the Over-advance) follows (in thousands). Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Average borrowings outstanding $ 1,293 $ 3,150 $ 2,355 $ 3,036 Interest paid on borrowings 34 51 168 142 Fees paid on borrowings 26 51 131 114 During the nine September 30, 2023, no April 2023. Our borrowings under the line of credit averaged $0.6 million in the nine September 30, 2023. nine September 30, 2023, Long-term debt consists of the following (in thousands). September 30, December 31, 2023 2022 Mortgage promissory note - Originally dated July 2020. As subsequently modified, interest accrues at an annual rate which is the greater of 7.0 15.3 10.3 September 2024 2.5 450 $ 1,730 $ 1,761 Equipment note - Dated May 2021. Original principal $ 46 June 2025 3.6 17 24 Equipment note - Dated June 2023. Original principal $ 144 August 2025 14.0 129 - Progress payment agreement - Dated August 2022. Original principal $ 37 25.2 - 39 Total long-term debt, net $ 1,876 $ 1,824 In January 2023, January 2023 January 2025, January January 2023 December 2023. December 31, 2022, January 2023 Future principal maturities of long-term debt outstanding as of September 30, 2023, 2023 $ 321 2024 1,403 2025 158 Principal maturities 1,882 Debt issuance costs (6) Total long-term debt, net $ 1,876 |
Note 10 - Equity, Share-based C
Note 10 - Equity, Share-based Compensation and Warrants | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Shareholders' Equity and Share-Based Payments [Text Block] | NOTE 10. A summary of equity activity for the three nine September 30, 2023 2022, Shares Preferred Preferred Common Accumulated Series G Common Stock Stock Deficit Equity Balance, December 31, 2022 150 6,309,509 $ 75 $ 328,551 $ (315,717 ) $ 12,909 Common stock awards under equity incentive plans - 68,693 - 300 - 300 Stock units issued to vendor - 6,132 - 23 - 23 Common stock issued to vendor - 600 - 1 - 1 Net loss - - - - (2,028 ) (2,028 ) Balance, March 31, 2023 150 6,384,934 75 328,875 (317,745 ) 11,205 Common stock awards under equity incentive plans - 221,742 - (12 ) - (12 ) Stock units issued to vendor - - - 19 - 19 Common stock issued to vendor - 600 - 1 - 1 Net loss - - - - (10,331 ) (10,331 ) Balance, June 30, 2023 150 6,607,276 $ 75 $ 328,883 $ (328,076 ) $ 882 Common stock awards under equity incentive plans - 500 - 96 - 96 Stock units issued to vendor - - - 19 - 19 Common stock issued to vendor - 600 - 1 - 1 Net loss - - - - (1,782 ) (1,782 ) Balance, September 30, 2023 150 6,608,376 $ 75 $ 328,999 $ (329,858 ) $ (784 ) Balance, December 31, 2021 150 5,158,967 $ 75 $ 326,279 $ (307,859 ) $ 18,495 Common stock awards under equity incentive plans - 22,475 - 241 - 241 Common stock issued to vendor - 600 - 5 - 5 Net loss - - - - (1,516 ) (1,516 ) Balance, March 31, 2022 150 5,182,042 75 326,525 (309,375 ) 17,225 Common stock awards under equity incentive plans - 48,388 - 146 - 146 Common stock issued to vendor - 600 - 1 - 1 Net loss - - - - (2,621 ) (2,621 ) Balance, June 30, 2022 150 5,231,030 $ 75 $ 326,672 $ (311,996 ) $ 14,751 Common stock awards under equity incentive plans - - - 492 - 492 Common stock issued to vendor - 600 - 2 - 2 Other - 10,447 - - - - Net loss - - - - (2,042 ) (2,042 ) Balance, September 30, 2022 150 5,242,077 $ 75 $ 327,166 $ (314,038 ) $ 13,203 Share-based compensation by type of award, follows (in thousands). Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Stock options $ 69 $ (54 ) $ 3 $ (74 ) Restricted stock units 27 464 288 801 Compensation expense related to common stock awards issued under equity incentive plans $ 96 $ 410 $ 291 727 We have outstanding (i) restricted stock units issued under our 2014 one RSUs SUs Number of Units Unrecognized Compensation (in thousands) Average Grant Date Fair Value per share Weighted Average Expense Period (Years) Number of Units Unrecognized Compensation (in thousands) Average Grant Date Fair Value per share Weighted Average Expense Period (Years) Nonvested at December 31, 2022 366,818 $ 1,024 $ 2.79 2.8 160,000 $ 201 $ 1.26 $ 3 Granted 76,088 70 0.93 - 6,132 5 0.75 - Forfeited (646 ) (3 ) 5.15 0.6 - - - - Vested with service (164,781 ) - - - (6,132 ) - - - Expense - (274 ) - - - (24 ) - - Nonvested at March 31, 2023 277,479 817 2.95 2.6 160,000 182 1.14 2.5 Granted 60,196 60 1.00 - - - - - Forfeited (231,413 ) (881 ) 3.81 1.3 - - - - Vested with service (60,196 ) - - - - - - - Vested upon involuntary termination (16,750 ) - - - - - - - Expense reversal (expense) - 12 - - - (19 ) - - Nonvested at June 30, 2023 29,316 $ 8 $ 0.29 0.1 160,000 $ 163 $ 1.02 2.2 Granted 66,280 29 0.43 - - - - - Forfeited (2,000 ) (8 ) 4.00 0.4 - - - - Vested with service (92,596 ) - - - - - - - Vested upon involuntary termination (500 ) - - - - - - - Expense reversal (expense) - (28 ) - - - (19 ) - - Nonvested at September 30, 2023 500 $ 1 $ 4.12 - 160,000 $ 144 $ 0.90 2.0 Number of RSUs Vested at December 31, 2022 224,725 Vested with service 170,913 Issued at vesting (74,825 ) Vested at March 31, 2023 320,813 Vested with service 60,196 Vested upon involuntary termination 16,750 Issued at vesting (221,742 ) Vested at June 30, 2023 176,017 Vested with service 92,596 Vested upon involuntary termination 500 Issued at vesting (500 ) Vested at September 30, 2023 268,613 As of September 30, 2023, no Under the original terms of certain RSUs outstanding during the periods presented, the nonvested portion of an RSU is vested upon the without-cause involuntary termination of the holder’s service. Under the original terms of all RSUs outstanding during the periods presented, upon voluntary or with-cause termination of the holder’s service, the nonvested portion of an RSU is forfeited and any previously recognized compensation related to the nonvested portion of an RSU is reversed because our policy is to recognize forfeitures as they occur. In July 2023, Preferred Stock and Tax Benefits Preservation Plan ( Rights Agreement ) In July 2023, eighth 1,000 1,000 1,000 one In July 2023, 382 1986, one July 17, 2023. one one The Rights will separate and begin trading separately from our common stock generally (i) when a person or group of affiliated or associated persons has become an Acquiring Person or (ii) following the commencement, or announcement of an intention to commence, a tender offer or exchange offer the consummation of which would result in any person becoming an Acquiring Person. If issued, each Right, other than Rights beneficially owned by the Acquiring Person (which will thereupon become void) will become exercisable for common stock having a value equal to two not not July 2026, may |
Note 11 - Income Taxes
Note 11 - Income Taxes | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | NOTE 11. Our tax expense for the three nine September 30, 2023 2022, no September 30, 2023, not not |
Note 12 - Loss Per Share (EPS)
Note 12 - Loss Per Share (EPS) | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | NOTE 12. EPS ) We calculate basic EPS under the two may not We calculate diluted EPS by dividing our loss from continuing operations by the weighted average number of common shares outstanding during the period increased by the number of additional common shares that would have been outstanding if the impact of assumed exercises and conversions is dilutive. We calculate the dilutive effects of outstanding options, warrants and nonvested restricted stock units that vest solely on the basis of a service condition using the treasury stock method. We calculate the dilutive effects of outstanding preferred stock using the if-converted method. Reconciliations of the numerators and denominators in the EPS computations for continuing operations follow. Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 NUMERATOR (in thousands): Basic and diluted - loss from continuing operations $ (1,782 ) $ (1,551 ) $ (5,132 ) $ (5,440 ) DENOMINATOR: Weighted average number of shares of shares of common stock outstanding 6,607,738 5,235,005 6,462,025 5,203,504 Weighted average number of shares of common stock underlying vested RSUs and SUs 198,615 97,303 237,938 87,276 Basic and diluted EPS - weighted average number of shares outstanding 6,806,353 5,332,308 6,699,963 5,290,780 No three nine September 30, 2023 2022, September 30, 2023, |
Note 13 - Fair Value Measuremen
Note 13 - Fair Value Measurements | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | NOTE 13. The fair value of cash and cash equivalents, accounts receivable, accounts payable, commodities payable and short-term debt approximates their carrying value due to shorter maturities. As of September 30, 2023, 3 The following tables summarize the fair values by input hierarchy of items measured at fair value on a recurring basis on our consolidated balance sheets (in thousands): Level 1 Level 2 Level 3 Total Total liabilities at fair value as of September 30, 2023 - Derivative warrant liability 55 $ 55 Total liabilities at fair value as of December 31, 2022 - Derivative warrant liability $ - $ - $ 69 $ 69 The following tables summarize the changes in level 3 three nine September 30, 2023, ( Fair Value as of Beginning of Period Total Realized and Unrealized Gains (Losses) Issuance of New Instruments Net Transfers (Into) Out of Level 3 Fair Value, at End of Period Change in Unrealized Gains (Losses) on Instruments Still Held Three months ended September 30, 2023 Total Level 3 fair value - Derivative warrant liability $ 108 $ 53 $ - $ - $ 55 $ 53 Nine months ended September 30, 2023: Total Level 3 fair value - Derivative warrant liability $ 69 $ 14 $ - $ - $ 55 $ 14 Three months ended September 30, 2022 Total Level 3 fair value - Derivative warrant liability $ 846 $ 612 $ - $ - $ 234 $ 612 Nine months ended September 30, 2022: Total Level 3 fair value - Derivative warrant liability $ 258 $ 24 $ - $ - $ 234 $ 24 The derivative warrant liability relates to a warrant issued in September 2021 September 2023 5 may September 30, 2023, December 31, 2022, September 2023 December 31, 2022 Assumed exercise price $ 0.57 $ 2.72 Assumed volatility 93.3 % 92.2 % Assumed risk free interest rate 5.4 % 4.3 % Expected life of options (in years) 3.0 3.7 Expected dividends - - |
Note 14 - Commitments and Conti
Note 14 - Commitments and Contingencies | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | NOTE 14. Employment Contracts and Severance Payments In the normal course of business, we periodically enter into agreements which incorporate indemnification provisions. While the maximum amount to which we may No Vesting of certain outstanding nonvested equity grants would accelerate following a change in control. Legal Matters From time to time, we are involved in litigation incidental to the conduct of our business. These matters may no In January 2023, 2012. nine September 30, 2023, |
Note 15 - Subsequent Events
Note 15 - Subsequent Events | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | NOTE 15. On November 8, 2023, |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2023 | |
Accounting Policies [Abstract] | |
New Accounting Pronouncements, Policy [Policy Text Block] | Recent accounting standards not There are no not Recently adopted accounting standards. In June 2016, ASU No. 2016 13 Financial Instruments Credit Losses (Topic 326 Measurement of Credit Losses on Financial Instruments January 1, 2023. no January 1, 2023. |
Note 3 - Discontinued Operati_2
Note 3 - Discontinued Operations (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Disposal Groups, Including Discontinued Operations, Purchase Price Allocation [Table Text Block] | Purchase price $ 1,800 Estimated expenses, accrued as of June 30, 2023 (375 ) Net proceeds $ 1,425 Repayment of mortgage promissory note $ 450 Payment of paid time off liabilities 215 $ 665 |
Disposal Groups, Including Discontinued Operations [Table Text Block] | Inventories $ 2,252 Other current assets 185 Property and equipment 7,710 Operating lease right of use assets 1,566 Total assets 11,713 Accrued expenses 9 Operating lease liabilities 1,668 Finance lease liabilities 12 Long-term debt 14 Total liabilities 1,703 Net assets sold $ 10,010 Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Revenues $ - 3,615 $ 6,857 $ 11,792 Cost of goods sold - (3,750 ) (6,796 ) (11,334 ) Selling, general and administrative expenses - (329 ) (457 ) (1,144 ) Interest expense - (27 ) (28 ) (53 ) Loss from operations of discontinued operations - (491 ) (424 ) (739 ) Loss on sale - - (8,585 ) - Loss from discontinued operations $ - $ (491 ) $ (9,009 ) $ (739 ) Depreciation included in cost of goods sold $ - $ 315 $ 646 $ 921 Capital expenditures $ - $ 433 $ 111 $ 722 Inventories $ 1,913 Other current assets 311 Property and equipment 8,187 Operating lease right of use assets 1,701 Total assets held for sale $ 12,112 Accrued expenses, including paid time off liabilities of employees of the SRB business 236 Operating lease liabilities 1,841 Finance lease liabilities 17 Long-term debt, including $450 of mortgage promissory note, not exclusively related to the SRB Business 468 Total liabilities held for sale $ 2,562 |
Discontinued Operations, Cash Flow Activity [Table Text Block] | Nine Months Ended September 30, 2023 2022 Net cash provided by (used in) operating activities $ (211 ) $ 880 Net cash provided by (used in) investing activities 1,679 (180 ) Net cash used in financing activities (460 ) (109 ) Net cash provided to continuing operations $ (4,483 ) $ (2,042 ) |
Note 5 - Accounts Receivable _2
Note 5 - Accounts Receivable and Revenues (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Schedules of Concentration of Risk, by Risk Factor [Table Text Block] | Customer A B C D % of revenues, three months ended September 30, 2023 26 % 20 % 12 % 4 % % of revenues, three months ended September 30, 2022 15 % 5 % 11 % - % % of revenues, nine months ended September 30, 2023 28 % 12 % 10 % 3 % % of revenues, nine months ended September 30, 2022 13 % 8 % 5 % 2 % % of accounts receivable, as of September 30, 2023 1 % 39 % 16 % 10 % % of accounts receivable, as of December 31, 2022 12 % 19 % - % - % |
Disaggregation of Revenue [Table Text Block] | Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Rice products $ 3,439 $ 4,497 $ 11,530 $ 11,672 Barley products 1,192 1,481 4,466 5,411 Other 226 659 974 2,126 Revenues $ 4,857 $ 6,637 $ 16,970 $ 19,209 |
Note 6 - Inventories (Tables)
Note 6 - Inventories (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Schedule of Inventory, Current [Table Text Block] | September 30, December 31, 2023 2022 Finished goods $ 270 $ 228 Raw materials 225 212 Packaging 19 25 Inventories $ 514 $ 465 |
Note 7 - Property and Equipme_2
Note 7 - Property and Equipment (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | September 30, December 31, Estimated Useful Lives 2023 2022 (in years) Land $ 493 $ 493 Furniture and fixtures - 71 7 - 10 Plant 3,444 3,440 20 - 40 or life of lease Computer and software 27 382 3 - 5 Leasehold improvements - 152 5 - 6 Machinery and equipment 6,436 5,758 5 - 15 Property and equipment, cost 10,310 10,296 Less accumulated depreciation 4,373 4,276 Property and equipment, net $ 5,937 $ 6,020 |
Note 8 - Leases (Tables)
Note 8 - Leases (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Lease, Cost [Table Text Block] | Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Finance lease cost: Amortization of right-of-use assets, included in cost of goods sold $ 36 $ 20 $ 85 $ 59 Interest on lease liabilities 14 6 41 11 Operating lease cost, included in selling, general and administrative expenses: Fixed leases cost 26 129 80 387 Variable lease cost 20 39 61 125 Short-term lease cost 20 41 96 62 Total lease cost $ 116 $ 235 $ 363 $ 644 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from finance leases $ 14 $ 6 $ 41 $ 11 Operating cash flows from operating leases $ 26 $ 129 $ 80 $ 387 Financing cash flows from finance leases $ 35 $ 22 $ 113 $ 68 |
Lessee, Operating and Finance Leases, Remaining Terms and Discount Rates [Table Text Block] | Operating Leases Finance Leases Remaining leases terms (in years) - 0.4 - 4.3 Weighted average remaining lease terms (in years) - 3.9 Discount rates - 2.8% - 11.6% Weighted average discount rate - 9.6% |
Lessee, Operating and Finance Lease Liability, Maturity [Table Text Block] | Operating Finance Leases Leases 2023 - $ 57 2024 - 177 2025 - 167 2026 - 165 2027 - 126 Thereafter - 4 Total lease payments - 696 Amounts representing interest (126 ) Present value of lease obligations $ - $ 570 |
Note 9 - Debt (Tables)
Note 9 - Debt (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Schedule of Debt [Table Text Block] | Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Average borrowings outstanding $ 1,293 $ 3,150 $ 2,355 $ 3,036 Interest paid on borrowings 34 51 168 142 Fees paid on borrowings 26 51 131 114 |
Schedule of Long-Term Debt Instruments [Table Text Block] | September 30, December 31, 2023 2022 Mortgage promissory note - Originally dated July 2020. As subsequently modified, interest accrues at an annual rate which is the greater of 7.0 15.3 10.3 September 2024 2.5 450 $ 1,730 $ 1,761 Equipment note - Dated May 2021. Original principal $ 46 June 2025 3.6 17 24 Equipment note - Dated June 2023. Original principal $ 144 August 2025 14.0 129 - Progress payment agreement - Dated August 2022. Original principal $ 37 25.2 - 39 Total long-term debt, net $ 1,876 $ 1,824 |
Schedule of Maturities of Long-Term Debt [Table Text Block] | 2023 $ 321 2024 1,403 2025 158 Principal maturities 1,882 Debt issuance costs (6) Total long-term debt, net $ 1,876 |
Note 10 - Equity, Share-based_2
Note 10 - Equity, Share-based Compensation and Warrants (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Schedule of Stockholders Equity [Table Text Block] | Shares Preferred Preferred Common Accumulated Series G Common Stock Stock Deficit Equity Balance, December 31, 2022 150 6,309,509 $ 75 $ 328,551 $ (315,717 ) $ 12,909 Common stock awards under equity incentive plans - 68,693 - 300 - 300 Stock units issued to vendor - 6,132 - 23 - 23 Common stock issued to vendor - 600 - 1 - 1 Net loss - - - - (2,028 ) (2,028 ) Balance, March 31, 2023 150 6,384,934 75 328,875 (317,745 ) 11,205 Common stock awards under equity incentive plans - 221,742 - (12 ) - (12 ) Stock units issued to vendor - - - 19 - 19 Common stock issued to vendor - 600 - 1 - 1 Net loss - - - - (10,331 ) (10,331 ) Balance, June 30, 2023 150 6,607,276 $ 75 $ 328,883 $ (328,076 ) $ 882 Common stock awards under equity incentive plans - 500 - 96 - 96 Stock units issued to vendor - - - 19 - 19 Common stock issued to vendor - 600 - 1 - 1 Net loss - - - - (1,782 ) (1,782 ) Balance, September 30, 2023 150 6,608,376 $ 75 $ 328,999 $ (329,858 ) $ (784 ) Balance, December 31, 2021 150 5,158,967 $ 75 $ 326,279 $ (307,859 ) $ 18,495 Common stock awards under equity incentive plans - 22,475 - 241 - 241 Common stock issued to vendor - 600 - 5 - 5 Net loss - - - - (1,516 ) (1,516 ) Balance, March 31, 2022 150 5,182,042 75 326,525 (309,375 ) 17,225 Common stock awards under equity incentive plans - 48,388 - 146 - 146 Common stock issued to vendor - 600 - 1 - 1 Net loss - - - - (2,621 ) (2,621 ) Balance, June 30, 2022 150 5,231,030 $ 75 $ 326,672 $ (311,996 ) $ 14,751 Common stock awards under equity incentive plans - - - 492 - 492 Common stock issued to vendor - 600 - 2 - 2 Other - 10,447 - - - - Net loss - - - - (2,042 ) (2,042 ) Balance, September 30, 2022 150 5,242,077 $ 75 $ 327,166 $ (314,038 ) $ 13,203 |
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block] | Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Stock options $ 69 $ (54 ) $ 3 $ (74 ) Restricted stock units 27 464 288 801 Compensation expense related to common stock awards issued under equity incentive plans $ 96 $ 410 $ 291 727 |
Share-Based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block] | RSUs SUs Number of Units Unrecognized Compensation (in thousands) Average Grant Date Fair Value per share Weighted Average Expense Period (Years) Number of Units Unrecognized Compensation (in thousands) Average Grant Date Fair Value per share Weighted Average Expense Period (Years) Nonvested at December 31, 2022 366,818 $ 1,024 $ 2.79 2.8 160,000 $ 201 $ 1.26 $ 3 Granted 76,088 70 0.93 - 6,132 5 0.75 - Forfeited (646 ) (3 ) 5.15 0.6 - - - - Vested with service (164,781 ) - - - (6,132 ) - - - Expense - (274 ) - - - (24 ) - - Nonvested at March 31, 2023 277,479 817 2.95 2.6 160,000 182 1.14 2.5 Granted 60,196 60 1.00 - - - - - Forfeited (231,413 ) (881 ) 3.81 1.3 - - - - Vested with service (60,196 ) - - - - - - - Vested upon involuntary termination (16,750 ) - - - - - - - Expense reversal (expense) - 12 - - - (19 ) - - Nonvested at June 30, 2023 29,316 $ 8 $ 0.29 0.1 160,000 $ 163 $ 1.02 2.2 Granted 66,280 29 0.43 - - - - - Forfeited (2,000 ) (8 ) 4.00 0.4 - - - - Vested with service (92,596 ) - - - - - - - Vested upon involuntary termination (500 ) - - - - - - - Expense reversal (expense) - (28 ) - - - (19 ) - - Nonvested at September 30, 2023 500 $ 1 $ 4.12 - 160,000 $ 144 $ 0.90 2.0 Number of RSUs Vested at December 31, 2022 224,725 Vested with service 170,913 Issued at vesting (74,825 ) Vested at March 31, 2023 320,813 Vested with service 60,196 Vested upon involuntary termination 16,750 Issued at vesting (221,742 ) Vested at June 30, 2023 176,017 Vested with service 92,596 Vested upon involuntary termination 500 Issued at vesting (500 ) Vested at September 30, 2023 268,613 |
Note 12 - Loss Per Share (EPS)
Note 12 - Loss Per Share (EPS) (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 NUMERATOR (in thousands): Basic and diluted - loss from continuing operations $ (1,782 ) $ (1,551 ) $ (5,132 ) $ (5,440 ) DENOMINATOR: Weighted average number of shares of shares of common stock outstanding 6,607,738 5,235,005 6,462,025 5,203,504 Weighted average number of shares of common stock underlying vested RSUs and SUs 198,615 97,303 237,938 87,276 Basic and diluted EPS - weighted average number of shares outstanding 6,806,353 5,332,308 6,699,963 5,290,780 |
Note 13 - Fair Value Measurem_2
Note 13 - Fair Value Measurements (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Fair Value, Liabilities Measured on Recurring Basis [Table Text Block] | Level 1 Level 2 Level 3 Total Total liabilities at fair value as of September 30, 2023 - Derivative warrant liability 55 $ 55 Total liabilities at fair value as of December 31, 2022 - Derivative warrant liability $ - $ - $ 69 $ 69 |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] | Fair Value as of Beginning of Period Total Realized and Unrealized Gains (Losses) Issuance of New Instruments Net Transfers (Into) Out of Level 3 Fair Value, at End of Period Change in Unrealized Gains (Losses) on Instruments Still Held Three months ended September 30, 2023 Total Level 3 fair value - Derivative warrant liability $ 108 $ 53 $ - $ - $ 55 $ 53 Nine months ended September 30, 2023: Total Level 3 fair value - Derivative warrant liability $ 69 $ 14 $ - $ - $ 55 $ 14 Three months ended September 30, 2022 Total Level 3 fair value - Derivative warrant liability $ 846 $ 612 $ - $ - $ 234 $ 612 Nine months ended September 30, 2022: Total Level 3 fair value - Derivative warrant liability $ 258 $ 24 $ - $ - $ 234 $ 24 |
Warrants, Valuation Assumption [Table Text Block] | September 2023 December 31, 2022 Assumed exercise price $ 0.57 $ 2.72 Assumed volatility 93.3 % 92.2 % Assumed risk free interest rate 5.4 % 4.3 % Expected life of options (in years) 3.0 3.7 Expected dividends - - |
Note 2 - Liquidity and Manage_2
Note 2 - Liquidity and Management's Plans (Details Textual) - USD ($) shares in Millions | Dec. 01, 2023 | Sep. 30, 2023 | Dec. 31, 2022 |
Retained Earnings (Accumulated Deficit) | $ (329,858,000) | $ (315,717,000) | |
Cash and Cash Equivalents, at Carrying Value | 466,000 | 3,941,000 | |
Mortgage Agreement [Member] | |||
Debt Instrument, Face Amount | $ 2.5 | $ 2.5 | |
Subsequent Event [Member] | Funicular Warrants [Member] | |||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 5 | ||
Class of Warrant or Right, Percentage of Ownership if All Exercised | 49.80% | ||
Subsequent Event [Member] | Old Warrants [Member] | |||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 2.2 | ||
Stock Issued During Period, Shares, Warrants Exercised (in shares) | 0.6 | ||
Subsequent Event [Member] | New Warrants [Member] | |||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 1.2 | ||
Subsequent Event [Member] | Funicular Financing [Member] | |||
Debt Instrument, Face Amount | $ 4,000,000 | ||
Debt Instrument, Unamortized Discount | 400,000 | ||
Subsequent Event [Member] | Mortgage Agreement [Member] | |||
Repayments of Debt | $ 1,500,000 | ||
Subsequent Event [Member] | Funicular [Member] | |||
Stock Issued During Period, Shares, Debt Financing (in shares) | 0.4 |
Note 3 - Discontinued Operati_3
Note 3 - Discontinued Operations (Details Textual) - Stabilized Rice Bran (SRB) [Member] - Discontinued Operations, Disposed of by Sale [Member] - USD ($) $ in Thousands | 6 Months Ended | 9 Months Ended | |
Jun. 23, 2023 | Jun. 30, 2023 | Sep. 30, 2023 | |
Proceeds from Divestiture of Businesses | $ 1,800 | ||
Liabilities Assumed | 1,700 | ||
Proceeds from Divestiture of Businesses, Net of Cash Divested | 1,400 | $ 1,400 | |
Disposal Group, Including Discontinued Operation, Assets, Net | 10,010 | ||
Gain (Loss) on Disposition of Business | $ (8,600) | ||
Repayments of Notes Payable | $ 450 | $ 500 |
Note 3 - Discontinued Operati_4
Note 3 - Discontinued Operations - Sale Price Allocation (Details) - Discontinued Operations, Disposed of by Sale [Member] - Stabilized Rice Bran (SRB) [Member] - USD ($) $ in Thousands | 6 Months Ended | 9 Months Ended |
Jun. 30, 2023 | Sep. 30, 2023 | |
Purchase price | $ 1,800 | |
Estimated expenses, accrued as of June 30, 2023 | (375) | |
Net proceeds | 1,425 | |
Repayment of mortgage promissory note | 450 | $ 500 |
Payment of paid time off liabilities | 215 | |
Payments for Liabilities | $ 665 |
Note 3 - Discontinued Operati_5
Note 3 - Discontinued Operations - Schedule of Discontinued Operations (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | Jun. 23, 2023 | Dec. 31, 2022 | |
Loss from discontinued operations | $ 0 | $ (491) | $ (9,009) | $ (739) | ||
Depreciation included in cost of goods sold | 694 | 671 | ||||
Capital expenditures | 611 | 494 | ||||
Stabilized Rice Bran (SRB) [Member] | Discontinued Operations, Disposed of by Sale [Member] | ||||||
Inventories | $ 2,252 | $ 1,913 | ||||
Other current assets | 185 | 311 | ||||
Property and equipment | 7,710 | 8,187 | ||||
Operating lease right of use assets | 1,566 | 1,701 | ||||
Total assets | 11,713 | 12,112 | ||||
Accrued expenses | 9 | 236 | ||||
Operating lease liabilities | 1,668 | 1,841 | ||||
Finance lease liabilities | 12 | 17 | ||||
Allocated to discontinued operations | 14 | 468 | ||||
Total liabilities | 1,703 | $ 2,562 | ||||
Net assets sold | $ 10,010 | |||||
Revenues | 0 | 3,615 | 6,857 | 11,792 | ||
Cost of goods sold | 0 | (3,750) | (6,796) | (11,334) | ||
Selling, general and administrative expenses | 0 | (329) | (457) | (1,144) | ||
Interest expense | 0 | (27) | (28) | (53) | ||
Loss from operations of discontinued operations | 0 | (491) | (424) | (739) | ||
Loss on sale | 0 | 0 | (8,585) | 0 | ||
Loss from discontinued operations | 0 | (491) | (9,009) | (739) | ||
Depreciation included in cost of goods sold | 0 | 315 | 646 | 921 | ||
Capital expenditures | $ 0 | $ 433 | $ 111 | $ 722 |
Note 3 - Discontinued Operati_6
Note 3 - Discontinued Operations - Schedule of Cash Flow Activity (Details) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Net cash provided by (used in) operating activities | $ (211) | $ 880 |
Net cash provided by (used in) investing activities | 1,679 | (180) |
Net cash used in financing activities | (460) | (109) |
Stabilized Rice Bran (SRB) [Member] | Discontinued Operations, Disposed of by Sale [Member] | ||
Net cash provided by (used in) operating activities | (211) | 880 |
Net cash provided by (used in) investing activities | 1,679 | (180) |
Net cash used in financing activities | (460) | (109) |
Net cash provided to continuing operations | $ (4,483) | $ (2,042) |
Note 5 - Accounts Receivable _3
Note 5 - Accounts Receivable and Revenues - Revenues and Accounts Receivable from Significant Customers (Details) - Customer Concentration Risk [Member] | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | Dec. 31, 2022 | |
Revenue Benchmark [Member] | Customer A [Member] | |||||
Concentration risk, percentage | 26% | 15% | 28% | 13% | |
Revenue Benchmark [Member] | Customer B [Member] | |||||
Concentration risk, percentage | 20% | 5% | 12% | 8% | |
Revenue Benchmark [Member] | Customer C [Member] | |||||
Concentration risk, percentage | 12% | 11% | 10% | 5% | |
Revenue Benchmark [Member] | Customer D [Member] | |||||
Concentration risk, percentage | 4% | 0% | 3% | 2% | |
Accounts Receivable [Member] | Customer A [Member] | |||||
Concentration risk, percentage | 1% | 12% | |||
Accounts Receivable [Member] | Customer B [Member] | |||||
Concentration risk, percentage | 39% | 19% | |||
Accounts Receivable [Member] | Customer C [Member] | |||||
Concentration risk, percentage | 16% | 0% | |||
Accounts Receivable [Member] | Customer D [Member] | |||||
Concentration risk, percentage | 10% | 0% |
Note 5 - Accounts Receivable _4
Note 5 - Accounts Receivable and Revenues - Revenues by Product Line (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Revenues | $ 4,857 | $ 6,637 | $ 16,970 | $ 19,209 |
Rice Products [Member] | ||||
Revenues | 3,439 | 4,497 | 11,530 | 11,672 |
Barley Products [Member] | ||||
Revenues | 1,192 | 1,481 | 4,466 | 5,411 |
Product and Service, Other [Member] | ||||
Revenues | $ 226 | $ 659 | $ 974 | $ 2,126 |
Note 6 - Inventories - Componen
Note 6 - Inventories - Components of Inventories (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Finished goods | $ 270 | $ 228 |
Raw materials | 225 | 212 |
Packaging | 19 | 25 |
Inventories | $ 514 | $ 465 |
Note 7- Property and Equipment
Note 7- Property and Equipment - Property, Plant and Equipment (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Property, plant, and equipment gross | $ 10,310 | $ 10,296 |
Property, plant, and equipment accumulated depreciation | 4,373 | 4,276 |
Property and equipment, net | 5,937 | 6,020 |
Land [Member] | ||
Property, plant, and equipment gross | 493 | 493 |
Furniture and Fixtures [Member] | ||
Property, plant, and equipment gross | $ 0 | 71 |
Furniture and Fixtures [Member] | Minimum [Member] | ||
Estimated useful lives (Year) | 7 years | |
Furniture and Fixtures [Member] | Maximum [Member] | ||
Estimated useful lives (Year) | 10 years | |
Plant [Member] | ||
Property, plant, and equipment gross | $ 3,444 | 3,440 |
Plant [Member] | Minimum [Member] | ||
Estimated useful lives (Year) | 20 years | |
Plant [Member] | Maximum [Member] | ||
Estimated useful lives (Year) | 40 years | |
Computer and Software [Member] | ||
Property, plant, and equipment gross | $ 27 | 382 |
Computer and Software [Member] | Minimum [Member] | ||
Estimated useful lives (Year) | 3 years | |
Computer and Software [Member] | Maximum [Member] | ||
Estimated useful lives (Year) | 5 years | |
Leasehold Improvements [Member] | ||
Property, plant, and equipment gross | $ 0 | 152 |
Leasehold Improvements [Member] | Minimum [Member] | ||
Estimated useful lives (Year) | 5 years | |
Leasehold Improvements [Member] | Maximum [Member] | ||
Estimated useful lives (Year) | 6 years | |
Machinery and Equipment [Member] | ||
Property, plant, and equipment gross | $ 6,436 | $ 5,758 |
Machinery and Equipment [Member] | Minimum [Member] | ||
Estimated useful lives (Year) | 5 years | |
Machinery and Equipment [Member] | Maximum [Member] | ||
Estimated useful lives (Year) | 15 years |
Note 8 - Leases (Details Textua
Note 8 - Leases (Details Textual) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | Dec. 31, 2022 | |
Finance Lease, Right-of-Use Asset, after Accumulated Amortization | $ 0.7 | $ 0.8 | ||
Finance Lease, Right-of-Use Asset, before Accumulated Amortization | 0.9 | $ 0.9 | ||
Right-of-Use Asset Obtained in Exchange for Finance Lease Liability | $ 0.1 | $ 0.2 | $ 0.3 |
Note 8 - Leases - Components of
Note 8 - Leases - Components of Lease Expense and Cash Flows from Leases (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Amortization of right-of-use assets, included in cost of goods sold | $ 36 | $ 20 | $ 85 | $ 59 |
Interest on lease liabilities | 14 | 6 | 41 | 11 |
Fixed leases cost | 26 | 129 | 80 | 387 |
Variable lease cost | 20 | 39 | 61 | 125 |
Short-term lease cost | 20 | 41 | 96 | 62 |
Total lease cost | 116 | 235 | 363 | 644 |
Operating cash flows from finance leases | 14 | 6 | 41 | 11 |
Operating cash flows from operating leases | 26 | 129 | 80 | 387 |
Financing cash flows from finance leases | $ 35 | $ 22 | $ 113 | $ 68 |
Note 8 - Leases - Remaining Ter
Note 8 - Leases - Remaining Terms and Discount Rates (Details) | Sep. 30, 2023 |
Weighted average remaining lease terms (in years), finance leases (Year) | 3 years 10 months 24 days |
Discount rates, operating leases | 0% |
Weighted average discount rate, operating leases | 0% |
Weighted average discount rate, finance leases | 9.60% |
Minimum [Member] | |
Remaining leases terms (in years), finance leases (Year) | 4 months 24 days |
Discount rates, finance leases | 2.80% |
Maximum [Member] | |
Remaining leases terms (in years), finance leases (Year) | 4 years 3 months 18 days |
Discount rates, finance leases | 11.60% |
Note 8 - Leases - Maturities of
Note 8 - Leases - Maturities of Lease Liabilities (Details) $ in Thousands | Sep. 30, 2023 USD ($) |
2023, operating leases | $ 0 |
2023, finance leases | 57 |
2024, operating leases | 0 |
2024, finance leases | 177 |
2025, operating leases | 0 |
2025, finance leases | 167 |
2026, operating leases | 0 |
2026, finance leases | 165 |
2027, operating leases | 0 |
2027, finance leases | 126 |
Thereafter, operating leases | 0 |
Thereafter, finance leases | 4 |
Total lease payments, operating leases | 0 |
Total lease payments, finance leases | 696 |
Amounts representing interest, operating leases | |
Amounts representing interest, finance leases | (126) |
Present value of lease obligations, operating leases | 0 |
Present value of lease obligations, finance leases | $ 570 |
Note 9 - Debt (Details Textual)
Note 9 - Debt (Details Textual) - USD ($) $ in Thousands | 1 Months Ended | 3 Months Ended | 9 Months Ended | 10 Months Ended | 12 Months Ended | ||
Jan. 31, 2023 | Sep. 30, 2022 | Jan. 31, 2023 | Sep. 30, 2023 | Sep. 30, 2023 | Oct. 31, 2019 | Dec. 31, 2022 | |
Long-Term Debt, Gross | $ 1,882 | $ 1,882 | |||||
Factoring Agreement [Member] | Line of Credit [Member] | |||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 7,000 | ||||||
Debt Instrument, Term (Year) | 2 years | ||||||
Line of Credit Facility, Funding Fee, Percentage Above Prime Rate | 0.50% | ||||||
Line of Credit Facility, Funding Fee, Minimum Percentage | 5.50% | ||||||
Mortgage Agreement [Member] | |||||||
Debt Instrument, Interest Rate, Stated Percentage | 7% | 7% | 7% | ||||
Proceeds from Issuance of Debt | $ 900 | ||||||
Long-Term Debt, Gross | $ 1,300 | $ 1,300 | |||||
Mortgage Agreement [Member] | Prime Rate [Member] | |||||||
Debt Instrument, Interest Rate, Stated Percentage | 10.30% | 10.30% | 14.50% | ||||
Debt Instrument, Basis Spread on Variable Rate | 7% | 15.30% | 10.30% | ||||
Line of Credit With Bank [Member] | |||||||
Line of Credit Facility, Maximum Amount Outstanding During Period | $ 600 | ||||||
Debt, Weighted Average Interest Rate | 6.70% | 6.70% | |||||
Mortgage Agreement, at Modification [Member] | |||||||
Debt Instrument, Interest Rate, Stated Percentage | 10.30% | 10.30% | |||||
Long-Term Debt, Gross | $ 2,500 | $ 2,500 | |||||
Proceeds from Issuance of Long-Term Debt, Total | 300 | ||||||
Mortgage Agreement, at Modification [Member] | Prime Rate [Member] | |||||||
Debt Instrument, Basis Spread on Variable Rate | 7% | ||||||
Over Advance Note [Member] | |||||||
Long-Term Debt, Gross | $ 900 | $ 900 | |||||
Finance Agreements for Annual Insurance Premiums [Member] | |||||||
Debt Instrument, Interest Rate, Stated Percentage | 7.50% | 7.50% |
Note 9 - Debt - Due Under Facto
Note 9 - Debt - Due Under Factoring Agreement (Details) - Line of Credit [Member] - Factoring Agreement [Member] - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Average borrowings outstanding | $ 1,293 | $ 3,150 | $ 2,355 | $ 3,036 |
Interest paid on borrowings | 34 | 51 | 168 | 142 |
Fees paid on borrowings | $ 26 | $ 51 | $ 131 | $ 114 |
Note 9 - Debt - Long-term Debt
Note 9 - Debt - Long-term Debt (Details) - USD ($) | Sep. 30, 2023 | Dec. 31, 2022 |
Total long term debt, net | $ 1,876,000 | $ 1,824,000 |
Total long term debt, net | 1,876,000 | 1,824,000 |
Mortgage Agreement [Member] | ||
Total long term debt, net | 1,730 | 1,761 |
Total long term debt, net | 1,730 | 1,761 |
Equipment Notes, May 2021 [Member] | Notes Payable, Other Payables [Member] | ||
Total long term debt, net | 17 | 24 |
Total long term debt, net | 17 | 24 |
Equipment Notes June 2023 [Member] | Notes Payable, Other Payables [Member] | ||
Total long term debt, net | 129 | 0 |
Total long term debt, net | 129 | 0 |
Progress Payment Agreement [Member] | ||
Total long term debt, net | 0 | 39,000 |
Total long term debt, net | $ 0 | $ 39,000 |
Note 9 - Debt - Long-term Deb_2
Note 9 - Debt - Long-term Debt (Details) (Parentheticals) - USD ($) | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2022 | Sep. 30, 2023 | Dec. 31, 2022 | Jan. 31, 2023 | |
Mortgage Agreement [Member] | ||||
Interest rate | 7% | 7% | ||
Original principal | $ 2.5 | $ 2.5 | ||
Maturity date | Sep. 30, 2024 | Sep. 30, 2024 | ||
Allocated to discontinued operations | $ 450 | |||
Mortgage Agreement [Member] | Prime Rate [Member] | ||||
Interest rate | 14.50% | 10.30% | ||
Interest rate, variable | 7% | 15.30% | 10.30% | |
Equipment Notes, May 2021 [Member] | Notes Payable, Other Payables [Member] | ||||
Original principal | $ 46,000 | $ 46,000 | ||
Maturity date | Jun. 30, 2025 | Jun. 30, 2025 | ||
Interest rate, effective rate | 3.60% | 3.60% | ||
Equipment Notes June 2023 [Member] | Notes Payable, Other Payables [Member] | ||||
Original principal | $ 144,000 | $ 144,000 | ||
Maturity date | Aug. 31, 2025 | Aug. 31, 2025 | ||
Interest rate, effective rate | 14% | 14% | ||
Progress Payment Agreement [Member] | ||||
Interest rate | 25.20% | 25.20% | ||
Original principal | $ 37,000 | $ 37,000 |
Note 9 - Debt - Future Principa
Note 9 - Debt - Future Principal Maturities of Long-term Debt Outstanding (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
2023 | $ 321 | |
2024 | 1,403 | |
2025 | 158 | |
Principal maturities | 1,882 | |
Debt issuance costs | (6) | |
Total long-term debt, net | $ 1,876 | $ 1,824 |
Note 10 - Equity, Share-based_3
Note 10 - Equity, Share-based Compensation and Warrants (Details Textual) - $ / shares | 1 Months Ended | |
Jul. 31, 2023 | Sep. 30, 2023 | |
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Net of Forfeitures (in shares) | 100,000 | |
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in dollars per share) | $ 1.05 | |
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested, Weighted Average Grant Date Fair Value (in dollars per share) | $ 73 | |
Share Based Compensation, Maximum Percentage of Ownership | 4.95% | |
Preferred Share Purchase Right [Member] | ||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ 6 | |
Series H Preferred Stock [Member] | ||
Preferred Stock, No Par Value (in dollars per share) | 0 | |
Preferred Stock, Dividend Rate, Per-Dollar-Amount (in dollars per share) | $ 1 | |
Series H Preferred Stock [Member] | Preferred Share Purchase Right [Member] | ||
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right (in shares) | 0.001 | |
Deferred Restricted Stock Units (RSUs) [Member] | ||
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Outstanding, Number (in shares) | 268,613 |
Note 10 - Equity, Share-based_4
Note 10 - Equity, Share-based Compensation and Warrants - Stockholders Equity (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||||||
Sep. 30, 2023 | Jun. 30, 2023 | Mar. 31, 2023 | Sep. 30, 2022 | Jun. 30, 2022 | Mar. 31, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Balance (in shares) | 6,309,509 | 6,309,509 | ||||||
Balance | $ 882 | $ 11,205 | $ 12,909 | $ 14,751 | $ 17,225 | $ 18,495 | $ 12,909 | $ 18,495 |
Common stock awards under equity incentive plans | 96 | (12) | 300 | 492 | 146 | 241 | ||
Stock units issued to vendor | 1 | 1 | 1 | 2 | 1 | 5 | ||
Net loss | $ (1,782) | (10,331) | (2,028) | (2,042) | (2,621) | (1,516) | $ (14,141) | (6,179) |
Balance (in shares) | 6,608,376 | 6,608,376 | ||||||
Balance | $ (784) | 882 | 11,205 | 13,203 | 14,751 | 17,225 | $ (784) | 13,203 |
Stock Units Issued (SUI) [Member] | ||||||||
Stock units issued to vendor | 19 | 19 | 23 | |||||
Preferred Stock [Member] | ||||||||
Balance | 75 | 75 | 75 | 75 | 75 | 75 | 75 | 75 |
Common stock awards under equity incentive plans | 0 | 0 | 0 | 0 | 0 | 0 | ||
Stock units issued to vendor | 0 | 0 | 0 | 0 | 0 | 0 | ||
Net loss | 0 | 0 | 0 | 0 | 0 | 0 | ||
Balance | 75 | 75 | 75 | $ 75 | $ 75 | $ 75 | $ 75 | $ 75 |
Preferred Stock [Member] | Stock Units Issued (SUI) [Member] | ||||||||
Stock units issued to vendor | $ 0 | $ 0 | $ 0 | |||||
Preferred Stock [Member] | Series G Preferred Stock [Member] | ||||||||
Balance (in shares) | 150 | 150 | 150 | 150 | 150 | 150 | 150 | 150 |
Common stock awards under equity incentive plans (in shares) | 0 | 0 | 0 | 0 | 0 | |||
Stock units issued to vendor (in shares) | 0 | 0 | 0 | 0 | 0 | 0 | ||
Other (in shares) | 0 | |||||||
Balance (in shares) | 150 | 150 | 150 | 150 | 150 | 150 | 150 | 150 |
Preferred Stock [Member] | Series G Preferred Stock [Member] | Stock Units Issued (SUI) [Member] | ||||||||
Stock units issued to vendor (in shares) | 0 | 0 | 0 | |||||
Common Stock [Member] | ||||||||
Balance (in shares) | 6,607,276 | 6,384,934 | 6,309,509 | 5,231,030 | 5,182,042 | 5,158,967 | 6,309,509 | 5,158,967 |
Balance | $ 328,883 | $ 328,875 | $ 328,551 | $ 326,672 | $ 326,525 | $ 326,279 | $ 328,551 | $ 326,279 |
Common stock awards under equity incentive plans (in shares) | 500 | 221,742 | 68,693 | 48,388 | 22,475 | |||
Common stock awards under equity incentive plans | $ 96 | $ (12) | $ 300 | $ 492 | $ 146 | $ 241 | ||
Stock units issued to vendor (in shares) | 600 | 600 | 600 | 600 | 600 | 600 | ||
Stock units issued to vendor | $ 1 | $ 1 | $ 1 | $ 2 | $ 1 | $ 5 | ||
Net loss | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | ||
Other (in shares) | 10,447 | |||||||
Balance (in shares) | 6,608,376 | 6,607,276 | 6,384,934 | 5,242,077 | 5,231,030 | 5,182,042 | 6,608,376 | 5,242,077 |
Balance | $ 328,999 | $ 328,883 | $ 328,875 | $ 327,166 | $ 326,672 | $ 326,525 | $ 328,999 | $ 327,166 |
Common Stock [Member] | Stock Units Issued (SUI) [Member] | ||||||||
Stock units issued to vendor (in shares) | 0 | 0 | 6,132 | |||||
Stock units issued to vendor | $ 19 | $ 19 | $ 23 | |||||
Retained Earnings [Member] | ||||||||
Balance | (328,076) | (317,745) | (315,717) | (311,996) | (309,375) | (307,859) | (315,717) | (307,859) |
Common stock awards under equity incentive plans | 0 | 0 | 0 | 0 | 0 | 0 | ||
Stock units issued to vendor | 0 | 0 | 0 | 0 | 0 | 0 | ||
Net loss | (1,782) | (10,331) | (2,028) | (2,042) | (2,621) | (1,516) | ||
Balance | (329,858) | (328,076) | (317,745) | $ (314,038) | $ (311,996) | $ (309,375) | $ (329,858) | $ (314,038) |
Retained Earnings [Member] | Stock Units Issued (SUI) [Member] | ||||||||
Stock units issued to vendor | $ 0 | $ 0 | $ 0 |
Note 10 - Equity, Share-based_5
Note 10 - Equity, Share-based Compensation and Warrants - Share-based Compensation Expenses Related to Employees and Directors (Details) - The 2014 Equity Incentive Plan [Member] - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Compensation expense (expense reversal) related to common stock awards issued under equity incentive plans | $ 96 | $ 410 | $ 291 | $ 727 |
Share-Based Payment Arrangement, Option [Member] | ||||
Compensation expense (expense reversal) related to common stock awards issued under equity incentive plans | 69 | (54) | 3 | (74) |
Restricted Stock Units (RSUs) [Member] | ||||
Compensation expense (expense reversal) related to common stock awards issued under equity incentive plans | $ 27 | $ 464 | $ 288 | $ 801 |
Note 10 - Equity, Share-based_6
Note 10 - Equity, Share-based Compensation and Warrants - Restricted Stock Unit Activity (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 12 Months Ended | ||
Sep. 30, 2023 | Jun. 30, 2023 | Mar. 31, 2023 | Dec. 31, 2022 | |
Restricted Stock Units (RSUs) [Member] | ||||
Nonvested, shares issued (in shares) | 29,316 | 277,479 | 366,818 | |
Nonvested, unrecognized stock compensation | $ 8 | $ 817 | $ 1,024 | |
Nonvested, average grant date fair value (in dollars per share) | $ 0.29 | $ 2.95 | $ 2.79 | |
Nonvested, weighted average expense period (Year) | 1 month 6 days | 2 years 7 months 6 days | 2 years 9 months 18 days | |
Granted, nonvested, shares issued (in shares) | 66,280 | 60,196 | 76,088 | |
Granted, unrecognized stock compensation | $ 29 | $ 60 | $ 70 | |
Granted, average grant date fair value (in dollars per share) | $ 0.43 | $ 1 | $ 0.93 | |
Granted, unrecognized stock compensation | $ 29 | $ 60 | $ 70 | |
Forfeited, shares issued (in shares) | (2,000) | (231,413) | (646) | |
Forfeited, unrecognized stock compensation | $ (8) | $ (881) | $ (3) | |
Forfeited, average grant date fair value (in dollars per share) | $ 4 | $ 3.81 | $ 5.15 | |
Forfeited, weighted average expense period (Year) | 4 months 24 days | 1 year 3 months 18 days | 7 months 6 days | |
Vested with service, shares issued (in shares) | (92,596) | (60,196) | (164,781) | |
Expense reversal (expense) | $ (28) | $ 12 | $ (274) | |
Vested upon involuntary termination, shares issued (in shares) | (500) | (16,750) | ||
Granted, average grant date fair value (in dollars per share) | $ 0.43 | $ 1 | $ 0.93 | |
Nonvested, shares issued (in shares) | 500 | 29,316 | 277,479 | 366,818 |
Nonvested, unrecognized stock compensation | $ 1 | $ 8 | $ 817 | $ 1,024 |
Nonvested, average grant date fair value (in dollars per share) | $ 4.12 | $ 0.29 | $ 2.95 | $ 2.79 |
Vested, balance (in shares) | 176,017 | 320,813 | 224,725 | |
Vested with service (in shares) | 92,596 | 60,196 | 170,913 | |
Issued at vesting (in shares) | (500) | (221,742) | (74,825) | |
Vested upon involuntary termination (in shares) | 500 | 16,750 | ||
Vested, balance (in shares) | 268,613 | 176,017 | 320,813 | 224,725 |
Stock Units Issued (SUI) [Member] | ||||
Nonvested, shares issued (in shares) | 160,000 | 160,000 | 160,000 | |
Nonvested, unrecognized stock compensation | $ 163 | $ 182 | $ 201 | |
Nonvested, average grant date fair value (in dollars per share) | $ 1.02 | $ 1.14 | $ 1.26 | |
Nonvested, weighted average expense period (Year) | 2 years | 2 years 2 months 12 days | 2 years 6 months | 3 years |
Granted, nonvested, shares issued (in shares) | 0 | 0 | 6,132 | |
Granted, unrecognized stock compensation | $ 0 | $ 0 | $ 5 | |
Granted, average grant date fair value (in dollars per share) | $ 0 | $ 0 | $ 0.75 | |
Granted, unrecognized stock compensation | $ 0 | $ 0 | $ 5 | |
Forfeited, shares issued (in shares) | 0 | 0 | 0 | |
Forfeited, unrecognized stock compensation | $ 0 | $ 0 | $ 0 | |
Forfeited, average grant date fair value (in dollars per share) | $ 0 | $ 0 | $ 0 | |
Vested with service, shares issued (in shares) | 0 | 0 | (6,132) | |
Expense reversal (expense) | $ (19) | $ (19) | $ (24) | |
Vested upon involuntary termination, shares issued (in shares) | 0 | 0 | ||
Granted, average grant date fair value (in dollars per share) | $ 0 | $ 0 | $ 0.75 | |
Nonvested, shares issued (in shares) | 160,000 | 160,000 | 160,000 | 160,000 |
Nonvested, unrecognized stock compensation | $ 144 | $ 163 | $ 182 | $ 201 |
Nonvested, average grant date fair value (in dollars per share) | $ 0.9 | $ 1.02 | $ 1.14 | $ 1.26 |
Vested upon involuntary termination (in shares) | 0 | 0 |
Note 12 - Loss Per Share (EPS_2
Note 12 - Loss Per Share (EPS) - EPS Computations (Details) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Basic and diluted - loss from continuing operations | $ (1,782) | $ (1,551) | $ (5,132) | $ (5,440) |
Weighted average number of shares of shares of common stock outstanding (in shares) | 6,607,738 | 5,235,005 | 6,462,025 | 5,203,504 |
Weighted average number of shares of common stock underlying vested RSUs and SUs (in shares) | 198,615 | 97,303 | 237,938 | 87,276 |
Basic and diluted EPS - weighted average number of shares outstanding (in shares) | 6,806,353 | 5,332,308 | 6,699,963 | 5,290,780 |
Note 13 - Fair Value Measurem_3
Note 13 - Fair Value Measurements (Details Textual) - Warrant A [Member] - Derivative Financial Instruments, Liabilities [Member] - $ / shares | Sep. 13, 2021 | Sep. 30, 2023 |
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 230,769 | |
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ 2.72 | $ 0.57 |
Class of Warrant or Right, Change in Exercise Price, Maximum Percentage of Five-day Volume Weighted Average Common Stock | 110% |
Note 13 - Fair Value Measurem_4
Note 13 - Fair Value Measurements - Fair Value of Liabilities on Recurring Basis (Details) - Fair Value, Recurring [Member] - USD ($) | Sep. 30, 2023 | Dec. 31, 2022 |
Derivative warrant liability | $ 55 | $ 69 |
Fair Value, Inputs, Level 1 [Member] | ||
Derivative warrant liability | 0 | |
Fair Value, Inputs, Level 2 [Member] | ||
Derivative warrant liability | 0 | |
Fair Value, Inputs, Level 3 [Member] | ||
Derivative warrant liability | $ 55 | $ 69 |
Note 13 - Fair Value Measurem_5
Note 13 - Fair Value Measurements - Changes in Level 3 Items Measured at Fair Value (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Fair value as of beginning of period | $ 108 | $ 846 | $ 69 | $ 258 |
Total realized and unrealized gains (losses) | 53 | 612 | 14 | 24 |
Issuance of new instruments | 0 | 0 | 0 | 0 |
Net transfers (into) out of level 3 | 0 | 0 | 0 | 0 |
Fair value at end of period | 55 | 234 | 55 | 234 |
Change in unrealized gains (losses) on instruments still held | $ 53 | $ 612 | $ 14 | $ 24 |
Note 13 - Fair Value Measurem_6
Note 13 - Fair Value Measurements - Fair Value Assumption Measurement of Warrant A (Details) | Sep. 30, 2023 | Dec. 31, 2022 |
Measurement Input, Exercise Price [Member] | ||
Warrants and Rights Outstanding, Measurement Input | 0.57 | 2.72 |
Measurement Input, Price Volatility [Member] | ||
Warrants and Rights Outstanding, Measurement Input | 0.933 | 0.922 |
Measurement Input, Risk Free Interest Rate [Member] | ||
Warrants and Rights Outstanding, Measurement Input | 0.054 | 0.043 |
Measurement Input, Expected Term [Member] | ||
Warrants and Rights Outstanding, Measurement Input | 3 | 3.7 |
Measurement Input, Expected Dividend Rate [Member] | ||
Warrants and Rights Outstanding, Measurement Input | 0 | 0 |
Note 14 - Commitments and Con_2
Note 14 - Commitments and Contingencies (Details Textual) - USD ($) $ in Millions | 9 Months Ended | |
Jan. 31, 2023 | Sep. 30, 2023 | |
Proceeds from Legal Settlements | $ 0.3 | |
Other Income [Member] | ||
Gain (Loss) Related to Litigation Settlement | $ 0.3 |