Where Food Comes From (WFCF) 10-Q 9 Nov 23 2023 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2023	Nov. 03, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2023
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--12-31
Entity File Number	001-40314
Entity Registrant Name	WHERE FOOD COMES FROM, INC.
Entity Central Index Key	0001360565
Entity Tax Identification Number	43-1802805
Entity Incorporation, State or Country Code	CO
Entity Address, Address Line One	202 6th Street
Entity Address, Address Line Two	Suite 400
Entity Address, City or Town	Castle Rock
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	80104
City Area Code	(303)
Local Phone Number	895-3002
Title of 12(b) Security	Common Stock, $0.001 par value
Trading Symbol	WFCF
Security Exchange Name	NASDAQ
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		5,543,871

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 3,813	$ 4,368
Accounts receivable, net of allowance	2,291	2,172
Inventory	1,120	888
Prepaid expenses and other current assets	495	463
Total current assets	7,719	7,891
Property and equipment, net	848	998
Right-of-use assets, net	2,379	2,607
Equity investments	1,191	991
Intangible and other assets, net	2,097	2,340
Goodwill, net	2,946	2,946
Deferred tax assets, net	508	523
Total assets	17,688	18,296
Current liabilities:
Accounts payable	722	640
Accrued expenses and other current liabilities	1,345	769
Deferred revenue	1,713	1,278
Current portion of finance lease obligations	13	9
Current portion of operating lease obligations	310	341
Total current liabilities	4,103	3,037
Finance lease obligations, net of current portion	44	37
Operating lease obligation, net of current portion	2,522	2,745
Total liabilities	6,669	5,819
Commitments and contingencies
Equity:
Preferred stock, $0.001 par value; 5,000 shares authorized; none issued or outstanding
Common stock, $0.001 par value; 95,000 shares authorized; 6,511 (2023) and 6,501 (2022) shares issued, and 5,574 (2023) and 5,775 (2022) shares outstanding	6	6
Additional paid-in-capital	12,232	12,145
Treasury stock of 937 (2023) and 727 (2022) shares	(10,184)	(7,263)
Retained earnings	8,965	7,589
Total equity	11,019	12,477
Total liabilities and stockholders’ equity	$ 17,688	$ 18,296

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	95,000,000	95,000,000
Common stock, shares issued	6,511,000	6,501,000
Common stock, shares outstanding	5,574,000	5,775,000
Treasury stock, shares	937,000	727,000

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenues:
Total revenues	$ 7,011,000	$ 7,265,000	$ 18,404,000	$ 18,752,000
Costs of revenues:
Total costs of revenues	4,145,000	4,085,000	10,889,000	11,045,000
Gross profit	2,866,000	3,180,000	7,515,000	7,707,000
Selling, general and administrative expenses	1,920,000	2,106,000	5,741,000	5,697,000
Income from operations	946,000	1,074,000	1,774,000	2,010,000
Other income/(expense):
Dividend income from Progressive Beef	50,000	50,000	150,000	150,000
Other income, net	16,000	1,000	36,000	2,000
Gain on sale of assets			5,000
Impairment of digital assets		(42,000)		(42,000)
Loss on foreign currency exchange	(2,000)		(6,000)	(35,000)
Interest expense	(1,000)		(3,000)	(2,000)
Income before income taxes	1,009,000	1,083,000	1,956,000	2,083,000
Income tax expense	286,000	298,000	580,000	579,000
Net income	$ 723,000	$ 785,000	$ 1,376,000	$ 1,504,000
Per share - net income:
Basic	$ 0.13	$ 0.13	$ 0.25	$ 0.25
Diluted	$ 0.13	$ 0.13	$ 0.24	$ 0.25
Weighted average number of common shares outstanding:
Basic	5,599	5,936	5,605	6,019
Diluted	5,658	6,016	5,669	6,101
Verification And Certification Service Revenue [Member]
Revenues:
Total revenues	$ 5,359,000	$ 5,169,000	$ 13,944,000	$ 12,917,000
Costs of revenues:
Total costs of revenues	3,123,000	2,900,000	8,055,000	7,261,000
Product Sales [Member]
Revenues:
Total revenues	1,221,000	1,588,000	3,130,000	3,473,000
Costs of revenues:
Total costs of revenues	681,000	826,000	1,804,000	1,885,000
Consulting Revenue [Member]
Revenues:
Total revenues	431,000	508,000	1,330,000	2,362,000
Costs of revenues:
Total costs of revenues	$ 341,000	$ 359,000	$ 1,030,000	$ 1,899,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Operating activities:
Net income	$ 1,376,000	$ 1,504,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	488,000	583,000
Impairment of digital assets		42,000
Gain on sale of assets	(5,000)
Stock-based compensation expense	38,000	102,000
Deferred tax expense / (benefit)	15,000	(59,000)
Bad debt expense	39,000	40,000
Changes in operating assets and liabilities:
Accounts receivable	(158,000)	(713,000)
Inventory	(232,000)	(107,000)
Prepaid expenses and other assets	(32,000)	(682,000)
Accounts payable	82,000	503,000
Accrued expenses and other current liabilities	584,000	1,560,000
Deferred revenue	435,000	240,000
Right of use assets and liabilities, net	(17,000)	(7,000)
Net cash provided by operating activities	2,613,000	3,006,000
Investing activities:
Investment in BlueTrace	(200,000)
Purchase of digital assets		(178,000)
Purchases of property, equipment and software development costs	(87,000)	(41,000)
Net cash used in investing activities	(287,000)	(219,000)
Financing activities:
Repayments of finance lease obligations	(9,000)	(7,000)
Proceeds from stock option exercise	49,000	19,000
Stock repurchase under Stock Buyback Plan	(2,921,000)	(2,207,000)
Net cash used in financing activities	(2,881,000)	(2,195,000)
Net change in cash	(555,000)	592,000
Cash at beginning of period	4,368,000	5,414,000
Cash at end of period	$ 3,813,000	$ 6,006,000

Consolidated Statement of Equit

Consolidated Statement of Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock, Common [Member]	Retained Earnings [Member]
Balance at Dec. 31, 2021	$ 13,749	$ 6	$ 11,955	$ (3,807)	$ 5,595
Balance, shares at Dec. 31, 2021		6,071,000
Stock-based compensation expense	51		51
Stock-based compensation expense, shares		2,000
Repurchase of common shares under Stock Buyback Plan	(422)			(422)
Repurchase of common shares under Stock Buyback Plan, shares		(34,000)
Net income	497				497
Balance at Mar. 31, 2022	13,875	$ 6	12,006	(4,229)	6,092
Balance, shares at Mar. 31, 2022		6,039,000
Balance at Dec. 31, 2021	13,749	$ 6	11,955	(3,807)	5,595
Balance, shares at Dec. 31, 2021		6,071,000
Net income	1,504
Balance at Sep. 30, 2022	13,167	$ 6	12,076	(6,014)	7,099
Balance, shares at Sep. 30, 2022		5,873,000
Balance at Mar. 31, 2022	13,875	$ 6	12,006	(4,229)	6,092
Balance, shares at Mar. 31, 2022		6,039,000
Stock-based compensation expense	32		32
Repurchase of common shares under Stock Buyback Plan	(648)			(648)
Repurchase of common shares under Stock Buyback Plan, shares		(61,000)
Net income	222				222
Stock options exercised	7		7
Stock options exercised, shares		1,000
Balance at Jun. 30, 2022	13,488	$ 6	12,045	(4,877)	6,314
Balance, shares at Jun. 30, 2022		5,979,000
Stock-based compensation expense	19		19
Repurchase of common shares under Stock Buyback Plan	(1,137)			(1,137)
Repurchase of common shares under Stock Buyback Plan, shares		(109,000)
Net income	785				785
Stock options exercised	12		12
Stock options exercised, shares		3,000
Balance at Sep. 30, 2022	13,167	$ 6	12,076	(6,014)	7,099
Balance, shares at Sep. 30, 2022		5,873,000
Balance at Dec. 31, 2022	12,477	$ 6	12,145	(7,263)	7,589
Balance, shares at Dec. 31, 2022		5,775,000
Stock-based compensation expense	15		15
Repurchase of common shares under Stock Buyback Plan	(1,230)			(1,230)
Repurchase of common shares under Stock Buyback Plan, shares		(90,000)
Net income	121				121
Balance at Mar. 31, 2023	11,383	$ 6	12,160	(8,493)	7,710
Balance, shares at Mar. 31, 2023		5,685,000
Balance at Dec. 31, 2022	12,477	$ 6	12,145	(7,263)	7,589
Balance, shares at Dec. 31, 2022		5,775,000
Net income	$ 1,376
Stock options exercised, shares	10,229
Balance at Sep. 30, 2023	$ 11,019	$ 6	12,232	(10,184)	8,965
Balance, shares at Sep. 30, 2023		5,574,000
Balance at Mar. 31, 2023	11,383	$ 6	12,160	(8,493)	7,710
Balance, shares at Mar. 31, 2023		5,685,000
Stock-based compensation expense	17		17
Repurchase of common shares under Stock Buyback Plan	(836)			(836)
Repurchase of common shares under Stock Buyback Plan, shares		(61,000)
Net income	532				532
Stock options exercised	46		46
Stock options exercised, shares		7,000
Balance at Jun. 30, 2023	11,142	$ 6	12,223	(9,329)	8,242
Balance, shares at Jun. 30, 2023		5,631,000
Stock-based compensation expense	6		6
Repurchase of common shares under Stock Buyback Plan	(855)			(855)
Repurchase of common shares under Stock Buyback Plan, shares		(60,000)
Net income	723				723
Stock options exercised	3		3
Stock options exercised, shares		3,000
Balance at Sep. 30, 2023	$ 11,019	$ 6	$ 12,232	$ (10,184)	$ 8,965
Balance, shares at Sep. 30, 2023		5,574,000

The Company and Basis of Presen

The Company and Basis of Presentation	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
The Company and Basis of Presentation	Note 1 - The Company and Basis of Presentation Business Overview Where Food Comes From, Inc. is a Colorado corporation based in Castle Rock, Colorado (“WFCF”, the “Company,” “our,” “we,” or “us”). We are an independent, third-party food verification company conducting both on-site and desk audits to verify that claims being made about livestock, food, other high-value specialty crops, agricultural and aquaculture products are accurate. We care about food, agricultural and aquaculture, how it is grown and raised, the quality of what we eat, what farmers and ranchers do, and authentically telling that story to the consumer. Our team visits farms and ranches and looks at their plants, animals, and records, and compares the information we collect to specific standards or claims that farms and ranches want to make about how they are producing food. We strive to ensure that everyone involved in the food business - from growers and farmers to retailers, restaurants and shoppers – can count on WFCF to provide authentic and transparent information about the food we eat and how, where, and by whom it is produced. We also provide a wide range of professional consulting services and technology solutions that generate incremental revenue specific to the food and agricultural industry and drive sustainable value creation. Finally, the Company’s Where Food Comes From Source Verified® retail and restaurant labeling program utilizes the verification of product attributes to connect consumers directly to the source of the food they purchase through product labeling and web-based information sharing and education. Most of our customers are located throughout the United States. Basis of Presentation Our unaudited consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and include the results of operations, financial position and cash flows of and its subsidiaries, Where Food Comes From Organic, Inc. (“WFCFO”), Validus Verifications Services, LLC (“Validus”), SureHarvest Services, Inc. (“SureHarvest”), and Postelsia Holdings, Ltd. (“Postelsia”) (collectively referred to as “we,” “us,” and “our” throughout this Form 10-Q) All significant intercompany transactions and amounts have been eliminated. The results of businesses acquired are included in the consolidated financial statements from the date of the acquisition. The consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and should be read in conjunction with our audited financial statements and footnotes thereto for the year ended December 31, 2022, included in our Form 10-K filed on February 23, 2023. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted pursuant to such rules and regulations. However, we believe that the disclosures are adequate to make the information presented not misleading. Certain prior year amounts have been reclassified to conform to current year presentation. Net income and shareholders’ equity were not affected by these reclassifications. The financial statements reflect all adjustments (consisting primarily of normal recurring adjustments) that are, in the opinion of management, necessary for a fair presentation of our financial position and results of operations. The consolidated operating results for the three and nine months ended September 30, 2023 are not necessarily indicative of the results to be expected for any other interim period of any future year. Where Food Comes From, Inc. Notes to the Consolidated Financial Statements (Unaudited) Seasonality Our business is subject to seasonal fluctuations annually. Significant portions of our verification and certification service revenue are typically realized during late May through early October when the calf marketings and the growing seasons are at their peak. Additionally, the cattle industry is cyclical by nature based on factors impacting current and future supplies such as drought-induced feedlot placements, higher cow and heifer slaughter, and lower auction receipts. The production lags inherent to this industry lead to long-lasting impacts of production decisions. For example, increased liquidation implies tighter supplies for next year. Similarly, times of herd expansion are typically a multi-year period. These cycles typically last roughly 10 years. The beginning of 2023 marks the ninth year of the current cycle that began in 2014. We are currently in the contraction phase of the cycle after peaking in 2018-2019. How long we continue to contract will be directly impacted by drought and pasture conditions. Because of the seasonality of the business and cyclical nature of our industry, results for any quarter are not necessarily indicative of the results that may be achieved for any other quarter or for the full fiscal year. Recent Accounting Pronouncements The Financial Accounting Standards Board (FASB) Accounting Standards Codification is the sole source of authoritative GAAP other than SEC issued rules and regulations that apply only to SEC registrants. The FASB issues an Accounting Standards Update (ASU) to communicate changes to the codification. The Company considers the applicability and impact of all ASU’s. In July 2023, the FASB issues ASU 2023-03, which amends Presentation of Financial Statements (Topic 205), Income Statement-Reporting Comprehensive Income (Topic 220), Distinguishing Liabilities from Equity (Topic 480), Equity (Topic 505), and Compensation-Stock Compensation (Topic 718). The ASU updated the Compensation-Stock Compensation (Topic 718) to recognize compensation cost resulting from share-based payment transactions be recognized in financial statements at fair value. The updates were effective July 14, 2023. The adoption of the standard will have no material impact on the financial statements. In October 2023, the FASB issued ASU 2023-06, which amends the disclosure or presentation requirements related to various subtopics in the FASB Accounting Standards Codification (“Codification”). The ASU updated and simplified disclosure requirements the SEC believed were “redundant, duplicative, overlapping, outdated, or superseded.” ASU 2023-06 applies to all reporting entities and will only become effective if the SEC removes the related disclosure or presentation requirement from its existing regulations by June 30, 2027.

Basic and Diluted Net Income pe

Basic and Diluted Net Income per Share	9 Months Ended
	Sep. 30, 2023
Per share - net income:
Basic and Diluted Net Income per Share	Note 2 – Basic and Diluted Net Income per Share Basic net income per share was computed by dividing income available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted net income per share is based on the assumption that all dilutive convertible shares and stock options were converted or exercised. Dilution is computed by applying the treasury stock method. Under this method, options and restricted stock awards are assumed to be exercised at the beginning of the period (or at the time of issuance, if later), and as if funds obtained thereby were used to purchase common stock at the average market price during the period. Where Food Comes From, Inc. Notes to the Consolidated Financial Statements (Unaudited) The following is a reconciliation of the share data used in the basic and diluted income per share computations (amounts in thousands): Schedule of Reconciliation of Basic and Diluted Income Per Share Computations 2023 2022 2023 2022 Three months ended Nine months ended 2023 2022 2023 2022 Basic: Weighted average shares outstanding 5,599 5,936 5,605 6,019 Diluted: Weighted average shares outstanding 5,599 5,936 5,605 6,019 Weighted average effects of dilutive securities 59 80 64 82 Total 5,658 6,016 5,669 6,101 Antidilutive securities: 17 17 17 17 The effect of the inclusion of the antidilutive shares would have resulted in an increase in earnings per share. Accordingly, the weighted average shares outstanding have not been adjusted for antidilutive shares.

Equity Investments

Equity Investments	9 Months Ended
	Sep. 30, 2023
Investments, All Other Investments [Abstract]
Equity Investments	Note 3 – Equity Investments For the three and nine months ended September 30, 2023 and 2022, the Company received dividend income from Progressive Beef of $ 50,000 150,000 On March 29, 2023, the Company made an equity investment of $ 0.2 Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. We determine the fair value of our investments on a quarterly basis in accordance with ASC 820, Fair Value Measurement ● investment’s earnings performance, credit rating, asset quality, or business prospects of the investee; ● has there been significant adverse changes in the regulatory, economic, or technological environment of the investee; ● has there been a significant adverse in the general market condition of either the geographical area or the industry in which the investee operates; and, ● has there been a bona fide offer to purchase or sell, or a completed auction process for the same or similar investment for an amount less than the carrying amount of our investment. If the current carrying value of each individual investment significantly exceeds the fair value so determined, a permanent impairment loss has occurred with respect to the individual investment in the amount equal to the difference between the carrying value and the price determined. Where Food Comes From, Inc. Notes to the Consolidated Financial Statements (Unaudited) Impairment losses are recognized within the Other income/(expense) section in the consolidated statements of operations in the period in which the impairment is identified. The impaired investment is written down to the fair value at the time of impairment and this new cost basis will not be adjusted upward for any subsequent increase in fair value. Gains are not recorded until realized upon sale(s), at which point they are presented net of any impairment losses for the same investment held within Other income/(expense). In determining the gain to be recognized upon sale, we calculate the difference between the sales price and carrying value of the investment sold immediately prior to sale.

Intangible and Other Assets

Intangible and Other Assets	9 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible and Other Assets	Note 4 – Intangible and Other Assets The following table summarizes our intangible and other assets (amounts in thousands, except useful life): Schedule of Intangible and Other Assets September 30, December 31, Estimated 2023 2022 Useful Life Intangible assets subject to amortization: Tradenames and trademarks $ 417 $ 417 2.5 8.0 Accreditations 75 75 5.0 Customer relationships 3,659 3,664 3.0 15.0 Patents 970 970 4.0 Non-compete agreements 121 121 5.0 Intangible and other assets, gross 5,242 5,247 Less accumulated amortization 3,746 3,511 Intangible and other assets, Net 1,496 1,736 Cryptocurrency (not subject to amortization) 116 116 Tradenames/trademarks (not subject to amortization) 465 465 Intangible assets 2,077 2,317 Other assets 20 23 Intangible and other assets: $ 2,097 $ 2,340 For the three and nine months ended September 30, 2023 , we have not sold any digital assets and have no 42,000 116,000

Accrued Expenses and Other Curr

Accrued Expenses and Other Current Liabilities	9 Months Ended
	Sep. 30, 2023
Payables and Accruals [Abstract]
Accrued Expenses and Other Current Liabilities	Note 5 – Accrued Expenses and Other Current Liabilities The following table summarizes our accrued expenses and other current liabilities as of (amounts in thousands): Schedule of Accrued Expenses and Other Current Liabilities September 30, December 31, 2023 2022 Income and sales taxes payable $ 38 $ 14 Payroll related accruals 1,007 326 Customer deposits 91 35 Professional fees and other expenses 209 394 Accrued expenses and other current liabilities $ 1,345 $ 769 Where Food Comes From, Inc. Notes to the Consolidated Financial Statements (Unaudited)

Notes Payable

Notes Payable	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Notes Payable	Note 6 – Notes Payable Unison Revolving Line of Credit The Company has a revolving line of credit (“LOC”) agreement which matures April 12, 2025 75,080 1.50 maturity 10.0 9.0 no

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Note 7 – Stock-Based Compensation In addition to cash compensation, the Company may compensate certain service providers, including employees, directors, consultants, and other advisors, with equity-based compensation in the form of stock options, stock awards and restricted stock awards. The Company recognizes all equity-based compensation as stock-based compensation expense based on the fair value of the compensation measured at the grant date. For stock options, fair value is calculated at the date of grant using the Black-Scholes-Merton option pricing model. For stock awards and restricted stock awards, fair value is the closing stock price for the Company’s common stock on the grant date. The expense is recognized over the vesting period of the grant. For the periods presented, all stock-based compensation expense was classified as a component within selling, general and administrative expense in the Company’s consolidated statements of operations. The amount of stock-based compensation expense is as follows (amounts in thousands): Schedule of Stock-based Compensation Expense 2023 2022 2023 2022 Three months ended September 30, Nine months ended September 30, 2023 2022 2023 2022 Stock options $ 6 $ 19 $ 38 $ 82 Stock awards - - - 20 Total $ 6 $ 19 $ 38 $ 102 Stock-based compensation expense $ 6 $ 19 $ 38 $ 102 During the three and nine months ended September 30, 2023 and 2022, no no no 1,500 13.45 The estimated unrecognized compensation cost from unvested awards which will be recognized ratably over the remaining vesting phase is as follows (amounts in thousands): Schedule of Unrecognized Compensation Cost from Unvested Awards Years ended December 31st: Unvested stock options Unvested restricted stock awards Total unrecognized compensation expense 2023 (remaining three months) $ 5 $ - $ 5 2024 11 - 11 2025 - - - $ 16 $ - $ 16 Where Food Comes From, Inc. Notes to the Consolidated Financial Statements (Unaudited) Equity Incentive Plans Our 2006 Equity Incentive Plan (the “2006 Plan”) and 2016 Equity Incentive Plan (the “2016 Plan,” and together with the 2006 Plan, the “Plans”) provide for the issuance of stock-based awards to employees, officers, directors and consultants. The Plans permit the granting of stock awards and stock options. The vesting of stock-based awards is generally subject to the passage of time and continued employment through the vesting period. Stock Option Activity Stock option activity under our Equity Incentive Plans is summarized as follows: Schedule of Stock Option Activity Weighted avg. Weighted avg. Weighted avg. remaining Number of awards exercise price grant date fair value per share contractual life (in years) Aggregate Outstanding, December 31, 2022 92,347 $ 8.67 $ 7.77 5.31 $ 502,688 Granted - $ - $ - - Exercised (10,229 ) $ 4.80 $ 4.97 - Expired/Forfeited (6,250 ) $ 10.20 $ 10.06 - Outstanding, September 30, 2023 75,868 $ 9.07 $ 7.96 5.21 $ 392,923 Exercisable, September 30, 2023 70,195 $ 8.61 $ 7.72 5.00 $ 390,597 Unvested, September 30, 2023 5,673 $ 13.57 $ 10.90 7.75 $ 2,326 The aggregate intrinsic value represents the total pre-tax intrinsic value (the aggregate difference between the closing price of our common stock on September 30, 2023 and the exercise price for the in-the-money options) that would have been received by the option holders if all the in-the-money options had been exercised on September 30, 2023. Stock Activity There has not been any non-vested stock award activity under our Equity Incentive Plans for the three and nine months ended September 30, 2023 and 2022.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Note 8 – Income Taxes Deferred tax assets and liabilities have been determined based upon the differences between the financial statement amounts and the tax bases of assets and liabilities as measured by enacted tax rates expected to be in effect when these differences are expected to reverse. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The provision or benefit for income taxes is recorded at the end of each interim period based on the Company’s best estimate of its effective income tax rate expected to be applicable for the full fiscal year. For the three and nine months ended September 30, 2023 we recorded an income tax expense of approximately $ 286,000 580,000 298,000 579,000 Where Food Comes From, Inc. Notes to the Consolidated Financial Statements (Unaudited)

Revenue Recognition

Revenue Recognition	9 Months Ended
	Sep. 30, 2023
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Note 9 - Revenue Recognition Disaggregation of Revenue We have identified three material revenue categories in our business: (i) verification and certification service revenue, (ii) product sales, (iii) consulting revenue. Revenue attributable to each of our identified revenue categories is disaggregated in the table below (amounts in thousands). Schedule of Revenue Attributable to Each of Our Identified Revenue Categories Three months ended September 30, 2023 Three months ended September 30, 2022 Verification and Certification Segment Consulting Segment Eliminations and Other Consolidated Totals Verification and Certification Segment Consulting Segment Eliminations and Other Consolidated Totals Revenues: Verification and certification service revenue $ 5,359 $ - $ - $ 5,359 $ 5,169 $ - $ - $ 5,169 Product sales 1,221 - - 1,221 1,588 - - 1,588 Consulting revenue - 431 - 431 - 508 - 508 Total revenues $ 6,580 $ 431 $ - $ 7,011 $ 6,757 $ 508 $ - $ 7,265 Nine months ended September 30, 2023 Nine months ended September 30, 2022 Verification and Certification Segment Consulting Segment Eliminations and Other Consolidated Totals Verification and Certification Segment Consulting Segment Eliminations and Other Consolidated Totals Revenues: Verification and certification service revenue $ 13,944 $ - $ - $ 13,944 $ 12,917 $ - $ - $ 12,917 Product sales 3,130 - - 3,130 3,473 - - 3,473 Consulting revenue - 1,330 - 1,330 - 2,362 - 2,362 Total revenues $ 17,074 $ 1,330 $ - $ 18,404 $ 16,390 $ 2,362 $ - $ 18,752 Contract Balances As of September 30, 2023 and December 31, 2022, accounts receivable from contracts with customers, net of allowance for doubtful accounts, was approximately $ 2.3 2.2 As of September 30, 2023 and December 31, 2022, deferred revenue from contracts with customers was approximately $ 1.7 1.3 The following table reflects the changes in our contract liabilities during the nine month period ended September 30, 2023 (amounts in thousands): Schedule of Changes in Contract Liabilities Deferred revenue: Unearned revenue December 31, 2022 $ 1,278 Unearned billings 2,765 Revenue recognized (2,330 ) Unearned revenue September 30, 2023 $ 1,713 Where Food Comes From, Inc. Notes to the Consolidated Financial Statements (Unaudited)

Leases

Leases	9 Months Ended
	Sep. 30, 2023
Leases
Leases	Note 10 – Leases The components of lease expense were as follows (amounts in thousands): Schedule of Lease Expense 2023 2022 2023 2022 Three months ended Nine months ended 2023 2022 2023 2022 Operating lease cost $ 119 $ 122 $ 364 $ 368 Finance lease cost Amortization of assets 4 2 11 7 Interest on finance lease obligations 1 1 4 2 Variable lease cost - - - - Total net lease cost $ 124 $ 125 $ 379 $ 377 Included in the table above, for the three and nine months ended September 30, 2023 and 2022, is $ 0.1 0.3 This space is being leased from The Move, LLC. Our CEO and President, each a related party to WFCF, have a 24.3 Supplemental balance sheet information related to leases was as follows (amounts in thousands): Schedule of Supplemental Balance Sheet Information Related to Leases September 30, 2023 December 31, 2022 Operating leases: Related Party Other Total Related Party Other Total Operating lease ROU assets $ 2,212 $ 112 $ 2,324 $ 2,369 $ 193 $ 2,562 Current operating lease liabilities $ 242 $ 68 $ 310 $ 224 $ 117 $ 341 Noncurrent operating lease liabilities 2,472 50 2,522 2,656 89 2,745 Total operating lease liabilities $ 2,714 $ 118 $ 2,832 $ 2,880 $ 206 $ 3,086 Finance leases: September 30, 2023 December 31, 2022 Property and equipment, at cost $ 76 $ 70 Accumulated amortization (21 ) (25 ) Property and equipment, net $ 55 $ 45 Current obligations of finance leases $ 13 $ 9 Finance leases, net of current obligations 44 37 Total finance lease liabilities $ 57 $ 46 Weighted average remaining lease term (in years): Operating leases 7.6 8.2 Finance leases 3.9 4.4 Weighted average discount rate: Operating leases 5.8 % 5.8 % Finance leases 8.2 % 7.8 % Supplemental cash flow and other information related to leases was as follows (amounts in thousands): Schedule of Supplemental Cash Flow Information Related to Leases 2023 2022 2023 2022 Three months ended Nine months ended 2023 2022 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 126 $ 127 $ 380 $ 378 Operating cash flows from finance leases $ 1 $ 1 $ 4 $ 2 Financing cash flows from finance leases $ 3 $ 3 $ 9 $ 9 ROU assets obtained in exchange for lease liabilities: Operating leases $ - $ - $ - $ - Where Food Comes From, Inc. Notes to the Consolidated Financial Statements (Unaudited) Maturities of lease liabilities were as follows (amounts in thousands): Schedule of Maturities of Operating Lease and Finance Lease Liabilities Years Ending December 31st, Operating Leases Finance Leases 2023 (three remaining months) $ 127 $ 4 2024 446 18 2025 435 19 2026 430 14 2027 430 12 Thereafter 1,648 - Total lease payments 3,516 67 Less amount representing interest (684 ) (10 ) Total lease obligations 2,832 57 Less current portion (310 ) (13 ) Long-term lease obligations $ 2,522 $ 44

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 11 – Commitments and Contingencies Legal proceedings From time to time, we may become involved in various legal actions, administrative proceedings and claims in the ordinary course of business. We generally record losses for claims in excess of the limits of purchased insurance in earnings at the time and to the extent they are probable and estimable.

Segments

Segments	9 Months Ended
	Sep. 30, 2023
Segment Reporting [Abstract]
Segments	Note 12 - Segments With each acquisition, we assess the need to disclose discrete information related to our operating segments. Because of the similarities of certain of our acquisitions that provide certification and verification services, we aggregate operations into one verification and certification reportable segment. The operating segments included in the aggregated verification and certification segment include IMI Global, WFCFO and Validus. The factors considered in determining this aggregated reporting segment include the economic similarity of the businesses, the nature of services provided, production processes, types of customers and distribution methods. The Company also determined that it has a consulting reportable segment. SureHarvest, which includes Postelsia, is the sole operating unit under the consulting reportable segment. This segment primarily includes consulting service revenues. The Company’s chief operating decision maker (the Company’s CEO) allocates resources and assesses the performance of its operating segments. Segment management makes decisions, measures performance, and manages the business utilizing internal reporting operating segment information. Performance of operating segments are based on net sales, gross profit, selling, general and administrative expenses and most importantly, operating income. Where Food Comes From, Inc. Notes to the Consolidated Financial Statements (Unaudited) The Company eliminates intercompany transfers between segments for management reporting purposes. The following table shows information for reportable operating segments (amounts in thousands): Schedule of Operating Segments Three months ended September 30, 2023 Three months ended September 30, 2022 Verification and Certification Segment Consulting Segment Eliminations and Other Consolidated Totals Verification and Certification Segment Consulting Segment Eliminations and Other Consolidated Totals Assets: Goodwill $ 1,947 $ 999 $ - $ 2,946 $ 1,947 $ 999 $ - $ 2,946 All other assets, net 5,252 2,686 6,804 14,742 14,134 3,367 885 18,386 Total assets $ 7,199 $ 3,685 $ 6,804 $ 17,688 $ 16,081 $ 4,366 $ 885 $ 21,332 Revenues: Verification and certification service revenue $ 5,359 $ - $ - $ 5,359 $ 5,169 $ - $ - $ 5,169 Product sales 1,221 - - 1,221 1,588 - - 1,588 Consulting revenue - 431 - 431 - 508 - 508 Total revenues $ 6,580 $ 431 $ - $ 7,011 $ 6,757 $ 508 $ - $ 7,265 Costs of revenues: Costs of verification and certification services 3,123 - - 3,123 2,900 - - 2,900 Costs of products 681 - - 681 826 - - 826 Costs of consulting - 341 - 341 - 359 - 359 Total costs of revenues 3,804 341 - 4,145 3,726 359 - 4,085 Gross profit 2,776 90 - 2,866 3,031 149 - 3,180 Depreciation & amortization 111 42 - 153 149 42 - 191 Other operating expenses 1,682 85 - 1,767 1,855 60 - 1,915 Segment operating income/(loss) $ 983 $ (37 ) $ - $ 946 $ 1,027 $ 47 $ - $ 1,074 Other items to reconcile segment operating income (loss) to net income/(loss): Other income / (expense) 65 (2 ) - 63 9 - - 9 Income tax expense - - (286 ) (286 ) - - (298 ) (298 ) Net income/(loss) $ 1,048 $ (39 ) $ (286 ) $ 723 $ 1,036 $ 47 $ (298 ) $ 785 Where Food Comes From, Inc. Notes to the Consolidated Financial Statements (Unaudited) Nine months ended September 30, 2023 Nine months ended September 30, 2022 Verification and Certification Segment Consulting Segment Eliminations and Other Consolidated Totals Verification and Certification Segment Consulting Segment Eliminations and Other Consolidated Totals Assets: Goodwill $ 1,947 $ 999 $ - $ 2,946 $ 1,947 $ 999 $ - $ 2,946 All other assets, net 5,252 2,686 6,804 14,742 14,134 3,367 885 18,386 Total assets $ 7,199 $ 3,685 $ 6,804 $ 17,688 $ 16,081 $ 4,366 $ 885 $ 21,332 Revenues: Verification and certification service revenue $ 13,944 $ - $ - $ 13,944 $ 12,917 $ - $ - $ 12,917 Product sales 3,130 - - 3,130 3,473 - - 3,473 Consulting revenue - 1,330 - 1,330 - 2,362 - 2,362 Total revenues $ 17,074 $ 1,330 $ - $ 18,404 $ 16,390 $ 2,362 $ - $ 18,752 Costs of revenues: Costs of verification and certification services 8,055 - - 8,055 7,261 - - 7,261 Costs of products 1,804 - - 1,804 1,885 - - 1,885 Costs of consulting - 1,030 - 1,030 - 1,899 - 1,899 Total costs of revenues 9,859 1,030 - 10,889 9,146 1,899 - 11,045 Gross profit 7,215 300 - 7,515 7,244 463 - 7,707 Depreciation & amortization 361 127 - 488 443 140 - 583 Other operating expenses 5,027 226 - 5,253 4,929 185 - 5,114 Segment operating income/(loss) $ 1,827 $ (53 ) $ - $ 1,774 $ 1,872 $ 138 $ - $ 2,010 Other items to reconcile segment operating income (loss) to net income/(loss): Other income / (expense) 187 (5 ) - 182 108 (35 ) - 73 Income tax expense - - (580 ) (580 ) - - (579 ) (579 ) Net income/(loss) $ 2,014 $ (58 ) $ (580 ) $ 1,376 $ 1,980 $ 103 $ (579 ) $ 1,504

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	9 Months Ended
	Sep. 30, 2023
Supplemental Cash Flow Elements [Abstract]
Supplemental Cash Flow Information	Note 13 – Supplemental Cash Flow Information Schedule of Supplemental Cash Flow Information Nine months ended (Amounts in thousands) 2023 2022 Cash paid during the year: Interest expense $ - $ - Income taxes $ 659 $ 648

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2023
Subsequent Events [Abstract]
Subsequent Events	Note 14 – Subsequent Events The Company has had no material, significant or unusual transactions or events from the financial statement date through the issuance of the financial statements.

Basic and Diluted Net Income _2

Basic and Diluted Net Income per Share (Tables)	9 Months Ended
	Sep. 30, 2023
Per share - net income:
Schedule of Reconciliation of Basic and Diluted Income Per Share Computations	The following is a reconciliation of the share data used in the basic and diluted income per share computations (amounts in thousands): Schedule of Reconciliation of Basic and Diluted Income Per Share Computations 2023 2022 2023 2022 Three months ended Nine months ended 2023 2022 2023 2022 Basic: Weighted average shares outstanding 5,599 5,936 5,605 6,019 Diluted: Weighted average shares outstanding 5,599 5,936 5,605 6,019 Weighted average effects of dilutive securities 59 80 64 82 Total 5,658 6,016 5,669 6,101 Antidilutive securities: 17 17 17 17

Intangible and Other Assets (Ta

Intangible and Other Assets (Tables)	9 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible and Other Assets	The following table summarizes our intangible and other assets (amounts in thousands, except useful life): Schedule of Intangible and Other Assets September 30, December 31, Estimated 2023 2022 Useful Life Intangible assets subject to amortization: Tradenames and trademarks $ 417 $ 417 2.5 8.0 Accreditations 75 75 5.0 Customer relationships 3,659 3,664 3.0 15.0 Patents 970 970 4.0 Non-compete agreements 121 121 5.0 Intangible and other assets, gross 5,242 5,247 Less accumulated amortization 3,746 3,511 Intangible and other assets, Net 1,496 1,736 Cryptocurrency (not subject to amortization) 116 116 Tradenames/trademarks (not subject to amortization) 465 465 Intangible assets 2,077 2,317 Other assets 20 23 Intangible and other assets: $ 2,097 $ 2,340

Accrued Expenses and Other Cu_2

Accrued Expenses and Other Current Liabilities (Tables)	9 Months Ended
	Sep. 30, 2023
Payables and Accruals [Abstract]
Schedule of Accrued Expenses and Other Current Liabilities	The following table summarizes our accrued expenses and other current liabilities as of (amounts in thousands): Schedule of Accrued Expenses and Other Current Liabilities September 30, December 31, 2023 2022 Income and sales taxes payable $ 38 $ 14 Payroll related accruals 1,007 326 Customer deposits 91 35 Professional fees and other expenses 209 394 Accrued expenses and other current liabilities $ 1,345 $ 769

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Stock-based Compensation Expense	The amount of stock-based compensation expense is as follows (amounts in thousands): Schedule of Stock-based Compensation Expense 2023 2022 2023 2022 Three months ended September 30, Nine months ended September 30, 2023 2022 2023 2022 Stock options $ 6 $ 19 $ 38 $ 82 Stock awards - - - 20 Total $ 6 $ 19 $ 38 $ 102 Stock-based compensation expense $ 6 $ 19 $ 38 $ 102
Schedule of Unrecognized Compensation Cost from Unvested Awards	The estimated unrecognized compensation cost from unvested awards which will be recognized ratably over the remaining vesting phase is as follows (amounts in thousands): Schedule of Unrecognized Compensation Cost from Unvested Awards Years ended December 31st: Unvested stock options Unvested restricted stock awards Total unrecognized compensation expense 2023 (remaining three months) $ 5 $ - $ 5 2024 11 - 11 2025 - - - $ 16 $ - $ 16
Schedule of Stock Option Activity	Stock option activity under our Equity Incentive Plans is summarized as follows: Schedule of Stock Option Activity Weighted avg. Weighted avg. Weighted avg. remaining Number of awards exercise price grant date fair value per share contractual life (in years) Aggregate Outstanding, December 31, 2022 92,347 $ 8.67 $ 7.77 5.31 $ 502,688 Granted - $ - $ - - Exercised (10,229 ) $ 4.80 $ 4.97 - Expired/Forfeited (6,250 ) $ 10.20 $ 10.06 - Outstanding, September 30, 2023 75,868 $ 9.07 $ 7.96 5.21 $ 392,923 Exercisable, September 30, 2023 70,195 $ 8.61 $ 7.72 5.00 $ 390,597 Unvested, September 30, 2023 5,673 $ 13.57 $ 10.90 7.75 $ 2,326

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Sep. 30, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Revenue Attributable to Each of Our Identified Revenue Categories	Revenue attributable to each of our identified revenue categories is disaggregated in the table below (amounts in thousands). Schedule of Revenue Attributable to Each of Our Identified Revenue Categories Three months ended September 30, 2023 Three months ended September 30, 2022 Verification and Certification Segment Consulting Segment Eliminations and Other Consolidated Totals Verification and Certification Segment Consulting Segment Eliminations and Other Consolidated Totals Revenues: Verification and certification service revenue $ 5,359 $ - $ - $ 5,359 $ 5,169 $ - $ - $ 5,169 Product sales 1,221 - - 1,221 1,588 - - 1,588 Consulting revenue - 431 - 431 - 508 - 508 Total revenues $ 6,580 $ 431 $ - $ 7,011 $ 6,757 $ 508 $ - $ 7,265 Nine months ended September 30, 2023 Nine months ended September 30, 2022 Verification and Certification Segment Consulting Segment Eliminations and Other Consolidated Totals Verification and Certification Segment Consulting Segment Eliminations and Other Consolidated Totals Revenues: Verification and certification service revenue $ 13,944 $ - $ - $ 13,944 $ 12,917 $ - $ - $ 12,917 Product sales 3,130 - - 3,130 3,473 - - 3,473 Consulting revenue - 1,330 - 1,330 - 2,362 - 2,362 Total revenues $ 17,074 $ 1,330 $ - $ 18,404 $ 16,390 $ 2,362 $ - $ 18,752
Schedule of Changes in Contract Liabilities	The following table reflects the changes in our contract liabilities during the nine month period ended September 30, 2023 (amounts in thousands): Schedule of Changes in Contract Liabilities Deferred revenue: Unearned revenue December 31, 2022 $ 1,278 Unearned billings 2,765 Revenue recognized (2,330 ) Unearned revenue September 30, 2023 $ 1,713

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2023
Leases
Schedule of Lease Expense	The components of lease expense were as follows (amounts in thousands): Schedule of Lease Expense 2023 2022 2023 2022 Three months ended Nine months ended 2023 2022 2023 2022 Operating lease cost $ 119 $ 122 $ 364 $ 368 Finance lease cost Amortization of assets 4 2 11 7 Interest on finance lease obligations 1 1 4 2 Variable lease cost - - - - Total net lease cost $ 124 $ 125 $ 379 $ 377
Schedule of Supplemental Balance Sheet Information Related to Leases	Supplemental balance sheet information related to leases was as follows (amounts in thousands): Schedule of Supplemental Balance Sheet Information Related to Leases September 30, 2023 December 31, 2022 Operating leases: Related Party Other Total Related Party Other Total Operating lease ROU assets $ 2,212 $ 112 $ 2,324 $ 2,369 $ 193 $ 2,562 Current operating lease liabilities $ 242 $ 68 $ 310 $ 224 $ 117 $ 341 Noncurrent operating lease liabilities 2,472 50 2,522 2,656 89 2,745 Total operating lease liabilities $ 2,714 $ 118 $ 2,832 $ 2,880 $ 206 $ 3,086 Finance leases: September 30, 2023 December 31, 2022 Property and equipment, at cost $ 76 $ 70 Accumulated amortization (21 ) (25 ) Property and equipment, net $ 55 $ 45 Current obligations of finance leases $ 13 $ 9 Finance leases, net of current obligations 44 37 Total finance lease liabilities $ 57 $ 46 Weighted average remaining lease term (in years): Operating leases 7.6 8.2 Finance leases 3.9 4.4 Weighted average discount rate: Operating leases 5.8 % 5.8 % Finance leases 8.2 % 7.8 %
Schedule of Supplemental Cash Flow Information Related to Leases	Supplemental cash flow and other information related to leases was as follows (amounts in thousands): Schedule of Supplemental Cash Flow Information Related to Leases 2023 2022 2023 2022 Three months ended Nine months ended 2023 2022 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 126 $ 127 $ 380 $ 378 Operating cash flows from finance leases $ 1 $ 1 $ 4 $ 2 Financing cash flows from finance leases $ 3 $ 3 $ 9 $ 9 ROU assets obtained in exchange for lease liabilities: Operating leases $ - $ - $ - $ -
Schedule of Maturities of Operating Lease and Finance Lease Liabilities	Maturities of lease liabilities were as follows (amounts in thousands): Schedule of Maturities of Operating Lease and Finance Lease Liabilities Years Ending December 31st, Operating Leases Finance Leases 2023 (three remaining months) $ 127 $ 4 2024 446 18 2025 435 19 2026 430 14 2027 430 12 Thereafter 1,648 - Total lease payments 3,516 67 Less amount representing interest (684 ) (10 ) Total lease obligations 2,832 57 Less current portion (310 ) (13 ) Long-term lease obligations $ 2,522 $ 44

Segments (Tables)

Segments (Tables)	9 Months Ended
	Sep. 30, 2023
Segment Reporting [Abstract]
Schedule of Operating Segments	The Company eliminates intercompany transfers between segments for management reporting purposes. The following table shows information for reportable operating segments (amounts in thousands): Schedule of Operating Segments Three months ended September 30, 2023 Three months ended September 30, 2022 Verification and Certification Segment Consulting Segment Eliminations and Other Consolidated Totals Verification and Certification Segment Consulting Segment Eliminations and Other Consolidated Totals Assets: Goodwill $ 1,947 $ 999 $ - $ 2,946 $ 1,947 $ 999 $ - $ 2,946 All other assets, net 5,252 2,686 6,804 14,742 14,134 3,367 885 18,386 Total assets $ 7,199 $ 3,685 $ 6,804 $ 17,688 $ 16,081 $ 4,366 $ 885 $ 21,332 Revenues: Verification and certification service revenue $ 5,359 $ - $ - $ 5,359 $ 5,169 $ - $ - $ 5,169 Product sales 1,221 - - 1,221 1,588 - - 1,588 Consulting revenue - 431 - 431 - 508 - 508 Total revenues $ 6,580 $ 431 $ - $ 7,011 $ 6,757 $ 508 $ - $ 7,265 Costs of revenues: Costs of verification and certification services 3,123 - - 3,123 2,900 - - 2,900 Costs of products 681 - - 681 826 - - 826 Costs of consulting - 341 - 341 - 359 - 359 Total costs of revenues 3,804 341 - 4,145 3,726 359 - 4,085 Gross profit 2,776 90 - 2,866 3,031 149 - 3,180 Depreciation & amortization 111 42 - 153 149 42 - 191 Other operating expenses 1,682 85 - 1,767 1,855 60 - 1,915 Segment operating income/(loss) $ 983 $ (37 ) $ - $ 946 $ 1,027 $ 47 $ - $ 1,074 Other items to reconcile segment operating income (loss) to net income/(loss): Other income / (expense) 65 (2 ) - 63 9 - - 9 Income tax expense - - (286 ) (286 ) - - (298 ) (298 ) Net income/(loss) $ 1,048 $ (39 ) $ (286 ) $ 723 $ 1,036 $ 47 $ (298 ) $ 785 Where Food Comes From, Inc. Notes to the Consolidated Financial Statements (Unaudited) Nine months ended September 30, 2023 Nine months ended September 30, 2022 Verification and Certification Segment Consulting Segment Eliminations and Other Consolidated Totals Verification and Certification Segment Consulting Segment Eliminations and Other Consolidated Totals Assets: Goodwill $ 1,947 $ 999 $ - $ 2,946 $ 1,947 $ 999 $ - $ 2,946 All other assets, net 5,252 2,686 6,804 14,742 14,134 3,367 885 18,386 Total assets $ 7,199 $ 3,685 $ 6,804 $ 17,688 $ 16,081 $ 4,366 $ 885 $ 21,332 Revenues: Verification and certification service revenue $ 13,944 $ - $ - $ 13,944 $ 12,917 $ - $ - $ 12,917 Product sales 3,130 - - 3,130 3,473 - - 3,473 Consulting revenue - 1,330 - 1,330 - 2,362 - 2,362 Total revenues $ 17,074 $ 1,330 $ - $ 18,404 $ 16,390 $ 2,362 $ - $ 18,752 Costs of revenues: Costs of verification and certification services 8,055 - - 8,055 7,261 - - 7,261 Costs of products 1,804 - - 1,804 1,885 - - 1,885 Costs of consulting - 1,030 - 1,030 - 1,899 - 1,899 Total costs of revenues 9,859 1,030 - 10,889 9,146 1,899 - 11,045 Gross profit 7,215 300 - 7,515 7,244 463 - 7,707 Depreciation & amortization 361 127 - 488 443 140 - 583 Other operating expenses 5,027 226 - 5,253 4,929 185 - 5,114 Segment operating income/(loss) $ 1,827 $ (53 ) $ - $ 1,774 $ 1,872 $ 138 $ - $ 2,010 Other items to reconcile segment operating income (loss) to net income/(loss): Other income / (expense) 187 (5 ) - 182 108 (35 ) - 73 Income tax expense - - (580 ) (580 ) - - (579 ) (579 ) Net income/(loss) $ 2,014 $ (58 ) $ (580 ) $ 1,376 $ 1,980 $ 103 $ (579 ) $ 1,504

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	9 Months Ended
	Sep. 30, 2023
Supplemental Cash Flow Elements [Abstract]
Schedule of Supplemental Cash Flow Information	Schedule of Supplemental Cash Flow Information Nine months ended (Amounts in thousands) 2023 2022 Cash paid during the year: Interest expense $ - $ - Income taxes $ 659 $ 648

Schedule of Reconciliation of B

Schedule of Reconciliation of Basic and Diluted Income Per Share Computations (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Basic:
Weighted average shares outstanding	5,599	5,936	5,605	6,019
Diluted:
Weighted average shares outstanding	5,599	5,936	5,605	6,019
Weighted average effects of dilutive securities	59	80	64	82
Total	5,658	6,016	5,669	6,101
Antidilutive securities:	17	17	17	17

Equity Investments (Details Nar

Equity Investments (Details Narrative) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
	Mar. 29, 2023	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Subsidiary, Sale of Stock [Line Items]
Dividend income		$ 50	$ 50	$ 150	$ 150
Equity investment in private placement				$ 200
Private Placement [Member] | Equity Method Investments [Member]
Subsidiary, Sale of Stock [Line Items]
Equity investment in private placement	$ 200

Schedule of Intangible and Othe

Schedule of Intangible and Other Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Intangible assets subject to amortization:
Intangible and other assets, gross	$ 5,242	$ 5,247
Less accumulated amortization	3,746	3,511
Intangible and other assets, Net	1,496	1,736
Cryptocurrency (not subject to amortization)	116	116
Tradenames/trademarks (not subject to amortization)	465	465
Intangible assets	2,077	2,317
Other assets	20	23
Intangible and other assets:	2,097	2,340
Trademarks and Trade Names [Member]
Intangible assets subject to amortization:
Intangible and other assets, gross	$ 417	417
Minimum [Member] | Trademarks and Trade Names [Member]
Intangible assets subject to amortization:
Estimated useful lives of intangible assets	2 years 6 months
Minimum [Member] | Customer Relationships [Member]
Intangible assets subject to amortization:
Estimated useful lives of intangible assets	3 years
Maximum [Member] | Trademarks and Trade Names [Member]
Intangible assets subject to amortization:
Estimated useful lives of intangible assets	8 years
Maximum [Member] | Customer Relationships [Member]
Intangible assets subject to amortization:
Estimated useful lives of intangible assets	15 years
Accreditations [Member]
Intangible assets subject to amortization:
Intangible and other assets, gross	$ 75	75
Estimated useful lives of intangible assets	5 years
Customer Relationships [Member]
Intangible assets subject to amortization:
Intangible and other assets, gross	$ 3,659	3,664
Patents [Member]
Intangible assets subject to amortization:
Intangible and other assets, gross	$ 970	970
Estimated useful lives of intangible assets	4 years
Noncompete Agreements [Member]
Intangible assets subject to amortization:
Intangible and other assets, gross	$ 121	$ 121
Estimated useful lives of intangible assets	5 years

Intangible and Other Assets (De

Intangible and Other Assets (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Impairment loss		$ 42,000		$ 42,000
Digital assets held	$ 116,000		$ 116,000		$ 116,000

Schedule of Accrued Expenses an

Schedule of Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Payables and Accruals [Abstract]
Income and sales taxes payable	$ 38	$ 14
Payroll related accruals	1,007	326
Customer deposits	91	35
Professional fees and other expenses	209	394
Accrued expenses and other current liabilities	$ 1,345	$ 769

Notes Payable (Details Narrativ

Notes Payable (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Line of Credit Facility [Line Items]
Line of credit, working capital	$ 75,080
Line of credit, outstanding amount	$ 0	$ 0
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Revolving line of credit, maturity date	Apr. 12, 2025
Line of credit, prime interest rate	1.50%
Line of credit, interest rate	10%	9%

Schedule of Stock-based Compens

Schedule of Stock-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense	$ 6	$ 19	$ 38	$ 102
Share-Based Payment Arrangement, Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense	6	19	38	82
Employee Stock Award [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense				$ 20

Schedule of Unrecognized Compen

Schedule of Unrecognized Compensation Cost from Unvested Awards (Details) $ in Thousands	Sep. 30, 2023 USD ($)
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unvested stock options	$ 16
Unvested restricted stock awards
Total unrecognized compensation expense	16
2023 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unvested stock options	5
Unvested restricted stock awards
Total unrecognized compensation expense	5
2024 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unvested stock options	11
Unvested restricted stock awards
Total unrecognized compensation expense	11
2025 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unvested stock options
Unvested restricted stock awards
Total unrecognized compensation expense

Schedule of Stock Option Activi

Schedule of Stock Option Activity (Details) - USD ($)	9 Months Ended
	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
Number of awards Outstanding, Balance	92,347
Weighted avg. exercise price per share, Balance	$ 8.67
Weighted avg. grant date fair value per share, Balance	$ 7.77
Weighted avg. remaining contractual life (in years), Balance	5 years 3 months 21 days
Aggregate intrinsic value, Balance	$ 502,688
Number of awards, Granted
Weighted avg. exercise price per share, Granted
Weighted avg. grant date fair value per share, Granted
Number of awards, Exercised	(10,229)
Weighted avg. exercise price per share, Exercised	$ 4.80
Weighted avg. grant date fair value per share, Exercised	$ 4.97
Number of awards Expired/Forfeited	(6,250)
Weighted avg. exercise price per share, Expired/Forfeited	$ 10.20
Weighted avg. grant date fair value per share, Expired/Forfeited	$ 10.06
Number of awards Outstanding, Balance	75,868
Weighted avg. exercise price per share, Balance	$ 9.07
Weighted avg. grant date fair value per share, Balance	$ 7.96
Weighted avg. remaining contractual life (in years), Balance	5 years 2 months 15 days
Aggregate intrinsic value, Balance	$ 392,923
Number of awards, Exercisable	70,195
Weighted avg. exercise price per share, Exercisable	$ 8.61
Weighted avg. grant date fair value per share, Exercisable	$ 7.72
Weighted avg. remaining contractual life (in years), Exercisable	5 years
Aggregate intrinsic value, Exercisable	$ 390,597
Number of awards, Unvested	5,673
Weighted avg. exercise price per share, Unvested	$ 13.57
Weighted avg. grant date fair value per share, Unvested	$ 10.90
Weighted avg. remaining contractual life (in years), Unvested	7 years 9 months
Aggregate intrinsic value, Unvested	$ 2,326

Stock-Based Compensation (Detai

Stock-Based Compensation (Details Narrative) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of common stock shares awarded	0	0	0	1,500
Fair market value price		$ 13.45		$ 13.45
Employees [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of common stock shares awarded	0	0	0	0

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Income tax, expense	$ 286,000	$ 298,000	$ 580,000	$ 579,000

Schedule of Revenue Attributabl

Schedule of Revenue Attributable to Each of Our Identified Revenue Categories (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Disaggregation of Revenue [Line Items]
Total revenues	$ 7,011	$ 7,265	$ 18,404	$ 18,752
Verification And Certification Service Revenue [Member]
Disaggregation of Revenue [Line Items]
Total revenues	5,359	5,169	13,944	12,917
Product Sales [Member]
Disaggregation of Revenue [Line Items]
Total revenues	1,221	1,588	3,130	3,473
Consulting Revenue [Member]
Disaggregation of Revenue [Line Items]
Total revenues	431	508	1,330	2,362
Verification and Certification Segment [Member]
Disaggregation of Revenue [Line Items]
Total revenues	6,580	6,757	17,074	16,390
Verification and Certification Segment [Member] | Verification And Certification Service Revenue [Member]
Disaggregation of Revenue [Line Items]
Total revenues	5,359	5,169	13,944	12,917
Verification and Certification Segment [Member] | Product Sales [Member]
Disaggregation of Revenue [Line Items]
Total revenues	1,221	1,588	3,130	3,473
Verification and Certification Segment [Member] | Consulting Revenue [Member]
Disaggregation of Revenue [Line Items]
Total revenues
Consulting Segment [Member]
Disaggregation of Revenue [Line Items]
Total revenues	431	508	1,330	2,362
Consulting Segment [Member] | Verification And Certification Service Revenue [Member]
Disaggregation of Revenue [Line Items]
Total revenues
Consulting Segment [Member] | Product Sales [Member]
Disaggregation of Revenue [Line Items]
Total revenues
Consulting Segment [Member] | Consulting Revenue [Member]
Disaggregation of Revenue [Line Items]
Total revenues	431	508	1,330	2,362
Eliminations and Other [Member]
Disaggregation of Revenue [Line Items]
Total revenues
Eliminations and Other [Member] | Verification And Certification Service Revenue [Member]
Disaggregation of Revenue [Line Items]
Total revenues
Eliminations and Other [Member] | Product Sales [Member]
Disaggregation of Revenue [Line Items]
Total revenues
Eliminations and Other [Member] | Consulting Revenue [Member]
Disaggregation of Revenue [Line Items]
Total revenues

Schedule of Changes in Contract

Schedule of Changes in Contract Liabilities (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2023 USD ($)
Revenue from Contract with Customer [Abstract]
Unearned revenue December 31, 2022	$ 1,278
Unearned billings	2,765
Revenue recognized	(2,330)
Unearned revenue September 30, 2023	$ 1,713

Revenue Recognition (Details Na

Revenue Recognition (Details Narrative) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Allowance for doubtful accounts, net	$ 2,300	$ 2,200
Deferred revenue	$ 1,713	$ 1,278

Schedule of Lease Expense (Deta

Schedule of Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Leases
Operating lease cost	$ 119	$ 122	$ 364	$ 368
Amortization of assets	4	2	11	7
Interest on finance lease obligations	1	1	4	2
Variable lease cost
Total net lease cost	$ 124	$ 125	$ 379	$ 377

Schedule of Supplemental Balanc

Schedule of Supplemental Balance Sheet Information Related to Leases (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Operating lease ROU assets	$ 2,324	$ 2,562
Current operating lease liabilities	310	341
Noncurrent operating lease liabilities	2,522	2,745
Total operating lease liabilities	2,832	3,086
Property and equipment, at cost	76	70
Accumulated amortization	(21)	(25)
Property and equipment, net	55	45
Current obligations of finance leases	13	9
Finance leases, net of current obligations	44	37
Total finance lease liabilities	$ 57	$ 46
Weighted average remaining operating lease term (in years)	7 years 7 months 6 days	8 years 2 months 12 days
Weighted average remaining finance lease term (in years)	3 years 10 months 24 days	4 years 4 months 24 days
Operating leases weighted average discount rate	5.80%	5.80%
Finance leases weighted average discount rate	8.20%	7.80%
Related Party [Member]
Defined Benefit Plan Disclosure [Line Items]
Operating lease ROU assets	$ 2,212	$ 2,369
Current operating lease liabilities	242	224
Noncurrent operating lease liabilities	2,472	2,656
Total operating lease liabilities	2,714	2,880
Other [Member]
Defined Benefit Plan Disclosure [Line Items]
Operating lease ROU assets	112	193
Current operating lease liabilities	68	117
Noncurrent operating lease liabilities	50	89
Total operating lease liabilities	$ 118	$ 206

Schedule of Supplemental Cash F

Schedule of Supplemental Cash Flow Information Related to Leases (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Leases
Operating cash flows from operating leases	$ 126	$ 127	$ 380	$ 378
Operating cash flows from finance leases	1	1	4	2
Financing cash flows from finance leases	3	3	9	9
Right of use assets obtained in exchange for lease liabilities: Operating leases

Schedule of Maturities of Opera

Schedule of Maturities of Operating Lease and Finance Lease Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Lessee, Operating Lease, Liability, to be Paid, Fiscal Year Maturity [Abstract]
2023 (three remaining months)	$ 127
Operating Leases, 2024	446
Operating Leases, 2025	435
Operating Leases, 2026	430
Operating Leases, 2027	430
Operating Leases, Thereafter	1,648
Operating Leases, Total lease payments	3,516
Operating Leases, Less amount representing interest	(684)
Operating Leases, Total lease obligations	2,832	$ 3,086
Operating Leases, Less current portion	(310)	(341)
Operating Leases, Long-term lease obligations	2,522	2,745
Finance Lease, Liability, to be Paid, Fiscal Year Maturity [Abstract]
2023 ((three remaining months)	4
Finance Leases, 2024	18
Finance Leases, 2025	19
Finance Leases, 2026	14
Finance Leases, 2027	12
Finance Leases, Thereafter
Finance Leases, Total lease payments	67
Finance Leases, Less amount representing interest	(10)
Finance Leases, Total lease obligations	57	46
Finance Leases, Less current portion	(13)	(9)
Finance Leases, Long-term lease obligations	$ 44	$ 37

Leases (Details Narrative)

Leases (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Lessee, Lease, Description [Line Items]
Operating lease cost	$ 119	$ 122	$ 364	$ 368
The Move LLC [Member]
Lessee, Lease, Description [Line Items]
Ownership interest percentage	24.30%		24.30%
Corporate Headquarters [Member]
Lessee, Lease, Description [Line Items]
Operating lease cost	$ 100	$ 300	$ 100	$ 300

Schedule of Operating Segments

Schedule of Operating Segments (Details) - USD ($)	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
Assets:
Goodwill	$ 2,946,000			$ 2,946,000			$ 2,946,000	$ 2,946,000
All other assets, net	14,742,000			18,386,000			14,742,000	18,386,000
Total assets	17,688,000			21,332,000			17,688,000	21,332,000
Revenues:
Total revenues	7,011,000			7,265,000			18,404,000	18,752,000
Costs of revenues:
Total costs of revenues	4,145,000			4,085,000			10,889,000	11,045,000
Gross profit	2,866,000			3,180,000			7,515,000	7,707,000
Depreciation & amortization	153,000			191,000			488,000	583,000
Other operating expenses	1,767,000			1,915,000			5,253,000	5,114,000
Segment operating income/(loss)	946,000			1,074,000			1,774,000	2,010,000
Other items to reconcile segment operating income (loss) to net income/(loss):
Other income / (expense)	63,000			9,000			182,000	73,000
Income tax expense	(286,000)			(298,000)			(580,000)	(579,000)
Net income/(loss)	723,000	$ 532,000	$ 121,000	785,000	$ 222,000	$ 497,000	1,376,000	1,504,000
Service [Member]
Revenues:
Total revenues	5,359,000			5,169,000			13,944,000	12,917,000
Costs of revenues:
Total costs of revenues	3,123,000			2,900,000			8,055,000	7,261,000
Product [Member]
Revenues:
Total revenues	1,221,000			1,588,000			3,130,000	3,473,000
Costs of revenues:
Total costs of revenues	681,000			826,000			1,804,000	1,885,000
Consulting Revenue [Member]
Revenues:
Total revenues	431,000			508,000			1,330,000	2,362,000
Costs of revenues:
Total costs of revenues	341,000			359,000			1,030,000	1,899,000
Verification and Certification Segment [Member]
Assets:
Goodwill	1,947,000			1,947,000			1,947,000	1,947,000
All other assets, net	5,252,000			14,134,000			5,252,000	14,134,000
Total assets	7,199,000			16,081,000			7,199,000	16,081,000
Revenues:
Total revenues	6,580,000			6,757,000			17,074,000	16,390,000
Costs of revenues:
Total costs of revenues	3,804,000			3,726,000			9,859,000	9,146,000
Gross profit	2,776,000			3,031,000			7,215,000	7,244,000
Depreciation & amortization	111,000			149,000			361,000	443,000
Other operating expenses	1,682,000			1,855,000			5,027,000	4,929,000
Segment operating income/(loss)	983,000			1,027,000			1,827,000	1,872,000
Other items to reconcile segment operating income (loss) to net income/(loss):
Other income / (expense)	65,000			9,000			187,000	108,000
Income tax expense
Net income/(loss)	1,048,000			1,036,000			2,014,000	1,980,000
Verification and Certification Segment [Member] | Service [Member]
Revenues:
Total revenues	5,359,000			5,169,000			13,944,000	12,917,000
Costs of revenues:
Total costs of revenues	3,123,000			2,900,000			8,055,000	7,261,000
Verification and Certification Segment [Member] | Product [Member]
Revenues:
Total revenues	1,221,000			1,588,000			3,130,000	3,473,000
Costs of revenues:
Total costs of revenues	681,000			826,000			1,804,000	1,885,000
Verification and Certification Segment [Member] | Consulting Revenue [Member]
Revenues:
Total revenues
Costs of revenues:
Total costs of revenues
Consulting Segment [Member]
Assets:
Goodwill	999,000			999,000			999,000	999,000
All other assets, net	2,686,000			3,367,000			2,686,000	3,367,000
Total assets	3,685,000			4,366,000			3,685,000	4,366,000
Revenues:
Total revenues	431,000			508,000			1,330,000	2,362,000
Costs of revenues:
Total costs of revenues	341,000			359,000			1,030,000	1,899,000
Gross profit	90,000			149,000			300,000	463,000
Depreciation & amortization	42,000			42,000			127,000	140,000
Other operating expenses	85,000			60,000			226,000	185,000
Segment operating income/(loss)	(37,000)			47,000			(53,000)	138,000
Other items to reconcile segment operating income (loss) to net income/(loss):
Other income / (expense)	(2,000)						(5,000)	(35,000)
Income tax expense
Net income/(loss)	(39,000)			47,000			(58,000)	103,000
Consulting Segment [Member] | Service [Member]
Revenues:
Total revenues
Costs of revenues:
Total costs of revenues
Consulting Segment [Member] | Product [Member]
Revenues:
Total revenues
Costs of revenues:
Total costs of revenues
Consulting Segment [Member] | Consulting Revenue [Member]
Revenues:
Total revenues	431,000			508,000			1,330,000	2,362,000
Costs of revenues:
Total costs of revenues	341,000			359,000			1,030,000	1,899,000
Eliminations and Other [Member]
Assets:
Goodwill
All other assets, net	6,804,000			885,000			6,804,000	885,000
Total assets	6,804,000			885,000			6,804,000	885,000
Revenues:
Total revenues
Costs of revenues:
Total costs of revenues
Gross profit
Depreciation & amortization
Other operating expenses
Segment operating income/(loss)
Other items to reconcile segment operating income (loss) to net income/(loss):
Other income / (expense)
Income tax expense	(286,000)			(298,000)			(580,000)	(579,000)
Net income/(loss)	(286,000)			(298,000)			(580,000)	(579,000)
Eliminations and Other [Member] | Service [Member]
Revenues:
Total revenues
Costs of revenues:
Total costs of revenues
Eliminations and Other [Member] | Product [Member]
Revenues:
Total revenues
Costs of revenues:
Total costs of revenues
Eliminations and Other [Member] | Consulting Revenue [Member]
Revenues:
Total revenues
Costs of revenues:
Total costs of revenues

Schedule of Supplemental Cash_2

Schedule of Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash paid during the year:
Interest expense
Income taxes	$ 659	$ 648