S&W Seed (SANW) 10-Q 13 Feb 23 2023 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Dec. 31, 2022	Feb. 07, 2023
Cover [Abstract]
Entity Registrant Name	S&W SEED CO
Entity Central Index Key	0001477246
Document Type	10-Q
Document Period End Date	Dec. 31, 2022
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity File Number	001-34719
Entity Tax Identification Number	27-1275784
Entity Address, Address Line One	2101 Ken Pratt Blvd
Entity Address, Address Line Two	Suite 201
Entity Address, City or Town	Longmont
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	80501
City Area Code	720
Local Phone Number	506-9191
Entity Common Stock, Shares Outstanding		42,785,565
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2023
Trading Symbol	SANW
Title of 12(b) Security	Common Stock, par value $0.001 per share
Security Exchange Name	NASDAQ
Entity Interactive Data Current	Yes
Entity Incorporation, State or Country Code	NV
Document Quarterly Report	true
Document Transition Report	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2022	Jun. 30, 2022
CURRENT ASSETS
Cash and cash equivalents	$ 1,328,172	$ 2,056,508
Accounts receivable, net	24,099,180	19,051,236
Inventories, net	52,952,095	54,515,894
Prepaid expenses and other current assets	3,282,244	1,605,987
TOTAL CURRENT ASSETS	81,661,691	77,229,625
Property, plant and equipment, net	15,706,571	16,871,669
Intangibles, net	30,951,270	34,095,827
Right of use assets - operating leases	4,234,241	4,094,253
Other assets	1,667,034	1,496,477
TOTAL ASSETS	134,220,807	133,787,851
CURRENT LIABILITIES
Accounts payable	15,275,082	15,901,116
Deferred revenue	6,184,025	605,960
Accrued expenses and other current liabilities	9,452,112	10,788,740
Current portion of working capital lines of credit, net	41,410,217	12,678,897
Current portion of long-term debt, net	7,743,900	8,316,783
TOTAL CURRENT LIABILITIES	80,065,336	48,291,496
Long-term working capital lines of credit, less current portion	0	21,703,286
Long-term debt, net, less current portion	3,731,856	3,992,540
Other non-current liabilities	3,338,740	3,587,041
TOTAL LIABILITIES	87,135,932	77,574,363
MEZZANINE EQUITY
Preferred stock, $0.001 par value; 3,323 shares authorized; 1,695 issued and outstanding at December 31, 2022 and June 30, 2022	5,032,942	4,804,819
STOCKHOLDERS' EQUITY
Common stock, $0.001 par value; 75,000,000 shares authorized; 42,788,423 issued and 42,763,423 outstanding at December 31, 2022; 42,608,758 issued and 42,583,758 outstanding at June 30, 2022	42,788	42,609
Treasury stock, at cost, 25,000 shares	(134,196)	(134,196)
Additional paid-in capital	165,444,354	163,892,575
Accumulated deficit	(116,596,626)	(105,873,557)
Accumulated other comprehensive loss	(6,735,375)	(6,560,600)
Noncontrolling interests	30,988	41,838
TOTAL STOCKHOLDERS' EQUITY	42,051,933	51,408,669
TOTAL LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS' EQUITY	134,220,807	133,787,851
MEZZANINE EQUITY
MEZZANINE EQUITY
Preferred stock, $0.001 par value; 3,323 shares authorized; 1,695 issued and outstanding at December 31, 2022 and June 30, 2022	$ 5,032,942	$ 4,804,819

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2022	Jun. 30, 2022
STOCKHOLDERS' EQUITY
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	75,000,000	75,000,000
Common stock, shares issued	42,788,423	42,608,758
Common stock, shares outstanding	42,763,423	42,583,758
Treasury stock, shares	25,000	25,000
MEZZANINE EQUITY
SERIES B CONVERTIBLE PREFERRED STOCK
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	3,323	3,323
Preferred stock, shares issued	1,695	1,695
Preferred stock, shares outstanding	1,695	1,695

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Revenue	$ 12,937,802	$ 12,631,409	$ 32,803,667	$ 28,163,090
Cost of revenue	10,188,511	10,971,045	25,549,865	23,376,057
Gross profit	2,749,291	1,660,364	7,253,802	4,787,033
Operating expenses
Selling, general and administrative expenses	6,241,461	7,073,320	11,294,058	12,642,887
Research and development expenses	1,503,473	2,110,413	3,018,853	4,105,541
Depreciation and amortization	1,253,904	1,373,653	2,590,338	2,704,698
Total operating expenses	8,998,838	10,557,386	16,903,249	19,453,126
Loss from operations	(6,249,547)	(8,897,022)	(9,649,447)	(14,666,093)
Other (income) expense
Foreign currency loss	176,624	258,482	367,539	421,028
Gain on disposal of intangible assets	(1,796,252)	0	(1,796,252)	0
Change in contingent consideration obligation	0	(466,376)	0	(528,630)
Interest expense - amortization of debt discount	578,112	221,196	861,755	413,391
Interest expense, net	1,092,327	589,694	1,879,006	1,142,539
Gain on sale of equity investment	(32,030)	0	(32,030)	0
Other income (expense)	4,561	23,771	(39,709)	(10,589)
Loss before income taxes	(6,272,889)	(9,523,789)	(10,889,756)	(16,103,832)
(Benefit from) provision for income taxes	(282,296)	257,776	(383,960)	91,974
Net loss	(5,990,593)	(9,781,565)	(10,505,796)	(16,195,806)
(Loss) income attributable to noncontrolling interests	(4,588)	13,537	(10,850)	(729)
Net loss attributable to S&W Seed Company	(5,986,005)	(9,795,102)	(10,494,946)	(16,195,077)
Net loss attributable to S&W Seed Company	(5,986,005)	(9,795,102)	(10,494,946)	(16,195,077)
Dividends accrued for participating securities and accretion	(114,062)	0	(228,123)	0
Net loss attributable to common shareholders	$ (6,100,067)	$ (9,795,102)	$ (10,723,069)	$ (16,195,077)
Net loss attributable to S&W Seed Company per common share:
Basic	$ (0.14)	$ (0.25)	$ (0.25)	$ (0.43)
Diluted	$ (0.14)	$ (0.25)	$ (0.25)	$ (0.43)
Weighted average number of common shares outstanding:
Basic	42,651,270	38,461,049	42,627,645	37,617,457
Diluted	42,651,270	38,461,049	42,627,645	37,617,457

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Net loss	$ (5,990,593)	$ (9,781,565)	$ (10,505,796)	$ (16,195,806)
Foreign currency translation adjustment, net of income taxes	539,520	253,349	(174,775)	(207,778)
Comprehensive loss	(5,451,073)	(9,528,216)	(10,680,571)	(16,403,584)
Comprehensive (loss) income attributable to noncontrolling interests	(4,588)	13,537	(10,850)	(729)
Comprehensive loss attributable to S&W Seed Company	$ (5,446,485)	$ (9,541,753)	$ (10,669,721)	$ (16,402,855)

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)	Total	Preferred Stock	Common Stock	Treasury Stock	Additional Paid-In Capital	Accumulated Deficit	Noncontrolling Interests	Accumulated Other Comprehensive Loss
Beginning Balance, amount at Jun. 30, 2021	$ 74,393,193		$ 36,773	$ (134,196)	$ 149,684,357	$ (69,311,909)	$ (31,006)	$ (5,850,826)
Beginning Balance, shares at Jun. 30, 2021			36,772,983	(25,000)
Stock-based compensation	1,408,515				1,408,515
Mezzanine equity series B detachable warrant	0
Mezzanine equity accrued dividends on Series B convertible preferred stock	0
Net issuance to settle RSUs, amount	(158,288)		$ 293		(158,581)
Net issuance to settle RSUs, shares			293,486
Proceeds from sale of common stock, net of fees and expenses, amount	4,920,693		$ 1,849		4,918,844
Proceeds from sale of common stock, net of fees and expenses, shares			1,848,191
Other comprehensive income (loss)	(207,778)							(207,778)
Net (loss) income	(16,195,806)					(16,195,077)	(729)
Ending Balance, amount at Dec. 31, 2021	64,160,529		$ 38,915	$ (134,196)	155,853,135	(85,506,986)	(31,735)	(6,058,604)
Ending Balance, shares at Dec. 31, 2021			38,914,660	(25,000)
Beginning Balance, amount at Jun. 30, 2021	74,393,193		$ 36,773	$ (134,196)	149,684,357	(69,311,909)	(31,006)	(5,850,826)
Beginning Balance, shares at Jun. 30, 2021			36,772,983	(25,000)
Mezzanine equity series B detachable warrant	38,757
Mezzanine equity accrued dividends on Series B convertible preferred stock	127,541
Ending Balance, amount at Jun. 30, 2022	51,408,669		$ 42,609	$ (134,196)	163,892,575	(105,873,557)	41,838	(6,560,600)
Ending Balance, shares at Jun. 30, 2022			42,608,758	(25,000)
Mezzanine Equity Ending Balance, amount at Jun. 30, 2022	4,804,819	$ 4,804,819
Mezzanine Equity Ending Balance, shares at Jun. 30, 2022		1,695
Beginning Balance, amount at Sep. 30, 2021	67,873,903		$ 36,802	$ (134,196)	150,040,406	(75,711,884)	(45,272)	(6,311,953)
Beginning Balance, shares at Sep. 30, 2021			36,802,094	(25,000)
Stock-based compensation	1,014,203				1,014,203
Mezzanine equity accrued dividends on Series B convertible preferred stock	0
Net issuance to settle RSUs, amount	(117,573)		$ 265		(117,838)
Net issuance to settle RSUs, shares			265,223
Proceeds from sale of common stock, net of fees and expenses, amount	4,918,212		$ 1,848		4,916,364
Proceeds from sale of common stock, net of fees and expenses, shares			1,847,343
Other comprehensive income (loss)	253,349							253,349
Net (loss) income	(9,781,565)					(9,795,102)	13,537
Ending Balance, amount at Dec. 31, 2021	64,160,529		$ 38,915	$ (134,196)	155,853,135	(85,506,986)	(31,735)	(6,058,604)
Ending Balance, shares at Dec. 31, 2021			38,914,660	(25,000)
Beginning Balance, amount at Jun. 30, 2022	51,408,669		$ 42,609	$ (134,196)	163,892,575	(105,873,557)	41,838	(6,560,600)
Beginning Balance, shares at Jun. 30, 2022			42,608,758	(25,000)
Stock-based compensation	762,006				762,006
Mezzanine equity series B detachable warrant	51,676	$ 51,676
Series B detachable warrant	(51,676)					(51,676)
Mezzanine equity accrued dividends on Series B convertible preferred stock	176,447	176,447
Accrued dividends on Series B convertible preferred stock	(176,447)					(176,447)
Subordinated loan & security agreement warrants	802,901				802,901
Net issuance to settle RSUs, amount	(12,949)		$ 179		(13,128)
Net issuance to settle RSUs, shares			179,665
Other comprehensive income (loss)	(174,775)							(174,775)
Net (loss) income	(10,505,796)					(10,494,946)	(10,850)
Ending Balance, amount at Dec. 31, 2022	42,051,933		$ 42,788	$ (134,196)	165,444,354	(116,596,626)	30,988	(6,735,375)
Ending Balance, shares at Dec. 31, 2022			42,788,423	(25,000)
Mezzanine Equity Ending Balance, amount at Dec. 31, 2022	5,032,942	$ 5,032,942
Mezzanine Equity Ending Balance, shares at Dec. 31, 2022		1,695
Mezzanine Equity Beginning Balance, amount at Sep. 30, 2022		$ 4,918,880
Mezzanine Equity Beginning Balance, shares at Sep. 30, 2022		1,695
Beginning Balance, amount at Sep. 30, 2022	46,659,486		$ 42,633	$ (134,196)	164,486,927	(110,496,559)	35,576	(7,274,895)
Beginning Balance, shares at Sep. 30, 2022			42,632,585	(25,000)
Stock-based compensation	305,894				305,894
Mezzanine equity series B detachable warrant	25,838	$ 25,838
Series B detachable warrant	(25,838)					(25,838)
Mezzanine equity accrued dividends on Series B convertible preferred stock	88,224	88,224
Accrued dividends on Series B convertible preferred stock	(88,224)					(88,224)
Subordinated loan & security agreement warrants	656,427				656,427
Net issuance to settle RSUs, amount	(4,739)		$ 155		(4,894)
Net issuance to settle RSUs, shares			155,838
Other comprehensive income (loss)	539,520							539,520
Net (loss) income	(5,990,593)					(5,986,005)	(4,588)
Ending Balance, amount at Dec. 31, 2022	42,051,933		$ 42,788	$ (134,196)	$ 165,444,354	$ (116,596,626)	$ 30,988	$ (6,735,375)
Ending Balance, shares at Dec. 31, 2022			42,788,423	(25,000)
Mezzanine Equity Ending Balance, amount at Dec. 31, 2022	$ 5,032,942	$ 5,032,942
Mezzanine Equity Ending Balance, shares at Dec. 31, 2022		1,695

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (10,505,796)	$ (16,195,806)
Adjustments to reconcile net loss from operating activities to net cash used in operating activities
Stock-based compensation	762,006	1,408,515
Allowance for doubtful accounts	(125,209)	221,163
Inventory write-down	685,200	742,035
Depreciation and amortization	2,590,338	2,704,698
Gain on disposal of property, plant and equipment	(4,411)	(35,840)
Gain on sale of equity investment	(32,030)	0
Gain on disposal of intangible assets	(1,796,252)	0
Change in deferred tax provision	(259,747)	0
Change in foreign exchange contracts	19,466	239,713
Foreign currency transactions	(200,666)	0
Change in contingent consideration obligation	0	(528,630)
Amortization of debt discount	861,755	413,391
Changes in:
Accounts receivable	(3,968,108)	2,513,639
Inventories	557,442	(5,741,778)
Prepaid expenses and other current assets	20,736	170,844
Other non-current assets	(733,165)	(95,186)
Accounts payable	(385,529)	1,131,032
Deferred revenue	5,578,365	5,504,147
Accrued expenses and other current liabilities	(1,256,423)	(505,240)
Other non-current liabilities	(207,625)	(12,521)
Net cash used in operating activities	(8,399,653)	(8,065,824)
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to property, plant and equipment	(154,997)	(1,227,368)
Proceeds from disposal of property, plant and equipment	3,660	21,113
Net proceeds from sale of equity investment	400,000	0
Proceeds from partnership transaction	2,000,000	0
Net cash provided by (used in) investing activities	2,248,663	(1,206,255)
CASH FLOWS FROM FINANCING ACTIVITIES
Net proceeds from sale of common stock	0	4,920,693
Taxes paid related to net share settlements of stock-based compensation awards	(12,949)	(158,288)
Borrowings and repayments on lines of credit, net	6,598,076	3,911,452
Borrowings of long-term debt	285,005	875,683
Debt issuance costs	(359,527)	(112,084)
Repayments of long-term debt	(1,063,661)	(737,843)
Net cash provided by financing activities	5,446,944	8,699,613
EFFECT OF EXCHANGE RATE CHANGES ON CASH	(24,290)	(233,405)
NET DECREASE IN CASH & CASH EQUIVALENTS	(728,336)	(805,871)
CASH AND CASH EQUIVALENTS, beginning of the period	2,056,508	3,527,937
CASH AND CASH EQUIVALENTS, end of period	$ 1,328,172	$ 2,722,066

General

General	6 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GENERAL	NOTE 1 - GENERAL The Company is a global multi-crop, middle-market agricultural company that is principally engaged in breeding, growing, processing and selling agricultural seeds. The Company operates seed cleaning and processing facilities, which are located in Idaho, Texas, New South Wales and South Australia. The Company’s seed products are primarily grown under contract by farmers. The Company is currently focused on commercializing stevia products, entering the camelina market and developing products to address unmet market needs through high-value improved traits in its crops. Investments and Partnership Activity Bioceres Investment As of June 30, 2021, the Company held an investment in Bioceres, S.A., a provider of crop productivity solutions headquartered in Argentina. During the third quarter of fiscal year 2022, the Company sold 71.4 % of the investment in Bioceres, S.A. for net proceeds of $ 988,504 , which included a gain on the sale of marketable securities of $ 68,967 . The carrying value of the remainder of the investment was $ 367,980 at June 30, 2022, which was reported in Other assets on the Company's consolidated balance sheet. During the six months ended December 31, 2022, the Company sold off the remainder of its investment in Bioceres, S.A. for net proceeds of $ 400,000 , which included a gain on the sale of equity investment of $ 32,030 . Trigall Australia Partnership Effective December 23, 2022, the Company’s wholly owned subsidiary, S&W Seed Company Australia Pty Ltd, or S&W Australia, entered into a partnership with Trigall Genetics S.A., or Trigall, for the development and marketing of wheat varieties in Australia. Under the terms of the partnership agreement, S&W Australia transferred certain intellectual property license rights and equipment into a wholly owned subsidiary and subsequently sold an 80 % interest in the subsidiary to Trigall. The subsidiary was renamed Trigall Australia Pty Ltd, or Trigall Australia. In return, S&W Australia received $ 2.0 million in cash, a $ 1.0 million promissory note to be paid in December 2023, and a 20 % ownership interest in Trigall Australia. S&W Australia realized a $ 1.8 million gain on the sale. The ownership interest in Trigall Australia was recorded using the equity method and, al ong with the $ 1.0 million pro missory note, is reported within the “Other assets” caption on the condensed consolidated balance sheet. S&W Australia is obligated to make an aggregate of $ 560,000 in capital contributions to Trigall Australia through June 2025, and has agreed to provide certain marketing, collection and other operational services in support of the partnership. Shell Partnership On February 6, 2023, S&W and Equilon Enterprises LLC (dba Shell Oil Products US, or Shell), entered into a partnership for the development and production of sustainable biofuel feedstocks through Vision Bioenergy Oilseeds LLC, or Vision Bioenergy (see Note 13 ). Basis of Presentation The accompanying condensed consolidated financial statements are unaudited and, in the Company’s opinion, include all adjustments, consisting of normal recurring adjustments and accruals, necessary for a fair statement of the Company’s consolidated balance sheets, statements of operations, comprehensive income (loss), cash flows and mezzanine equity and stockholders’ equity for the periods presented. Operating results for the periods presented are not necessarily indicative of the results to be expected for the full year ending June 30, 2023. Certain information and disclosures normally included in financial statements prepared in accordance with GAAP have been omitted in accordance with the rules and regulations of the SEC. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes included in the Annual Report on Form 10-K for the fiscal year ended June 30, 2022, as filed with the SEC. Certain prior period information has been reclassified to conform to the current period presentation. Operating lease right-of-use assets were reclassified from “Other assets” to “Right-of-use assets – operating leases” on the balance sheet in accordance with the disclosure guidance of ASC 842. Previously, the operating lease right-of-use assets were disclosed in the footnotes. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make certain estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Estimates are adjusted to reflect actual experience when necessary. Significant estimates and assumptions affect many items in the financial statements. These include allowance for doubtful trade receivables, inventory valuation, asset impairments, provisions for income taxes, grower accruals (an estimate of amounts payable to farmers who grow seed for the Company), contingent consideration obligations, contingencies and litigation. Significant estimates and assumptions are also used to establish the fair value and useful lives of depreciable tangible and certain intangible assets, goodwill as well as valuing stock-based compensation. Actual results may differ from those estimates and assumptions, and such results may affect income, financial position or cash flows. The Company believes the estimates and assumptions underlying the accompanying condensed consolidated financial statements are reasonable and supportable based on the information available at the time the financial statements were prepared. However, certain adverse geopolitical and macroeconomic events, such as the continued impact of COVID-19, the ongoing conflict between Ukraine and Russia and related sanctions, and uncertain market conditions, including higher inflation and supply chain disruptions, have, among other things, negatively impacted the global economy, created significant volatility and disruption of financial markets, and significantly increased economic and demand uncertainty. These factors make many of the estimates and assumptions reflected in these condensed consolidated financial statements inherently less certain. Therefore, actual results may ultimately differ from those estimates to a greater degree than historically.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Liquidity and Going Concern For the six months ended December 31, 2022 , we reported a net loss of $ 10.5 million and net cash used in operations of $ 8.4 million. At December 31, 2022, we had cash on hand of $ 1.3 million. The Company’s Loan and Security Agreement, dated December 26, 2019, or the CIBC Loan Agreement, with CIBC Bank USA, or CIBC, which matures on March 23, 2023 ($ 16.2 million outstanding as of December 31, 2022), and its debt facilities with National Australia Bank, or NAB, contain various operating and financial covenants (see Note 7 ). Adverse geopolitical and macroeconomic events and other factors affecting the Company’s results of operations have increased the risk of the Company’s inability to comply with these covenants, which could result in acceleration of its repayment obligations and foreclosure on its pledged assets. For example, the Company was not in compliance with certain covenants in the CIBC Loan Agreement as of June 30, 2021, December 31, 2021, March 31, 2022, June 15, 2022 and June 30, 2022, and was required to obtain waivers and/or amendments from CIBC. The CIBC Loan Agreement as presently in effect requires the Company to maintain minimum liquidity of no less than $ 1.0 million, and the NAB Finance Agreement (as defined below) includes an undertaking that requires the Company to maintain a net related entity position of not more than USD $ 18.5 million. The Company is actively pursuing refinancing of the CIBC Loan Agreement. There can be no assurance the Company will be successful in raising additional capital, securing future waivers and/or amendments from its lenders, renewing or refinancing its existing debt or securing new financing. If the Company is unsuccessful in doing so, it may need to reduce the scope of its operations, repay amounts owing to its lenders or sell certain assets. These operating and liquidity factors raise substantial doubt regarding the Company’s ability to continue as a going concern. The Company’s consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty. Accounts Receivable The Company provides an allowance for doubtful trade receivables equal to the estimated uncollectible amounts. That estimate is based on historical collection experience, current economic and market conditions and a review of the current status of each customer’s trade accounts receivable. The allowance for doubtful trade receivables was $ 180,334 and $ 233,927 at December 31, 2022 and June 30, 2022, respectively. Inventories Components of inventory are as follows: As of As of December 31, 2022 June 30, 2022 Raw materials and supplies $ 3,808,923 $ 2,645,764 Work in progress 11,035,458 6,677,980 Finished goods 38,107,714 45,192,150 Inventories, net $ 52,952,095 $ 54,515,894 Income Taxes Deferred tax assets and liabilities are determined based on differences between the financial statement and tax basis of assets and liabilities, as well as a consideration of net operating loss and credit carry forwards, using enacted tax rates in effect for the period in which the differences are expected to impact taxable income. A valuation allowance is established, when necessary, to reduce deferred tax assets to the amount that is more likely than not to be realized. The Company’s effective tax rate for the three and six months ended December 31, 2022 and December 31, 2021 has been affected by the valuation allowance on the Company’s deferred tax assets as well as the gain related to the formation of our wheat partnership with Trigall. Net Loss Per Common Share Data The Company computes earnings per share using the two-class method. The two-class method requires an earnings allocation formula that determines earnings per share for common shareholders and participating security holders according to dividends declared and participating rights in undistributed earnings. The Company's Series B Preferred Stock and related warrant, or Series B Warrant (see Note 14 of the Notes to Consolidated Financial Statements included in the Company's Annual Report on Form 10-K for the year ended June 30, 2022 , as filed with the SEC) are participating securities because holders of such shares have non-forfeitable dividend rights and participate in any undistributed earnings with common stock. Under the two-class method, total dividends provided to the holders of participating securities and undistributed earnings allocated to participating securities, are subtracted from net income attributable to the Company in determining net loss attributable to common shareholders. There were $ 88,224 and $ 176,447 in accrued dividends subtracted from net income attributable to common shareholders during the three and six months ended December 31, 2022 , respectively; there were no undistributed earnings to allocate to the participating securities. Additionally, any accretion to the redemption value for the Series B Preferred Stock is treated as a deemed dividend in the two-class earnings per share, or EPS, calculation. During the three and six months ended December 31, 2022 , $ 25,838 and $ 51,676 , respectively, was accreted to the redemption value of the Series B Preferred Stock and subtracted from net income attributable to common shareholders. During the three and six months ended December 31, 2022 , there were no undistributed earnings to allocate to the participating securities. The calculation of net loss per common share is shown in the table below. Three Months Ended Six Months Ended 2022 2021 2022 2021 Numerator: Net loss attributable to S&W Seed Company $ ( 5,986,005 ) $ ( 9,795,102 ) $ ( 10,494,946 ) $ ( 16,195,077 ) Dividends accrued for participating securities ( 88,224 ) — ( 176,447 ) — Accretion of Series B Preferred Stock redemption value ( 25,838 ) — ( 51,676 ) — Numerator for net loss per common share - basic and diluted $ ( 6,100,067 ) $ ( 9,795,102 ) $ ( 10,723,069 ) $ ( 16,195,077 ) Denominator: Weighted average shares outstanding - basic and diluted 42,651,270 38,461,049 42,627,645 37,617,457 Net loss per common share - basic and diluted $ ( 0.14 ) $ ( 0.25 ) $ ( 0.25 ) $ ( 0.43 ) Anti-dilutive shares, which have been excluded from the computation of diluted loss per share, included 4,580,057 employee stock options, 497,921 restricted stock units, or RSUs, and warrants to purchase 1,333,400 shares of common stock related to the MFP Loan Agreement (as defined below), and 559,350 Warrants issued with the Company's Series B Convertible Preferred Stock. The terms and conditions of these securities are more fully described in Note 9 and Note 10 in these condensed consolidated financial statements and in Note 13 and Note 14 of the Notes to Consolidated Financial Statements included in the Company's Annual Report on Form 10-K for the year ended June 30, 2021, as filed with the SEC. For the periods ending December 31, 2022 and 2021 , all potentially dilutive shares were anti-dilutive and excluded from the calculation of diluted loss per share because net losses were recognized. Concentrations One customer accounted for 8 % and 11 % of the Company's revenue for the three and six months ended December 31, 2022 , respectively, and no single customer accounted for more than 10 % of the Company's revenue for the three and six months ended December 31, 2021. One customer accounted for approximately 15 % of the Company’s accounts receivable as of December 31, 2022 . No customer accounted for more than 10 % of the Company’s accounts receivable as of June 30, 2022. The Company sells a substantial portion of its products to international customers (see Note 4 ). Sales to international markets represented 86 % and 81 % of revenue during the three months ended December 31, 2022 and 2021 , respectively. Sales to international markets represented 81 % and 78 % of revenue during the six months ended December 31, 2022 and 2021 , respectively. The net book value of fixed assets located outside the United States was 21 % and 22 % of total fixed assets at December 31, 2022 and June 30, 2022 , respectively. Cash balances located outside of the United States may not be insured and totaled $ 420,595 and $ 811,551 at December 31, 2022 and June 30, 2022 , respectively. Derivative Financial Instruments The Company’s subsidiary, S&W Australia, is exposed to foreign currency exchange rate fluctuations in the normal course of its business, which the Company at times manages through the use of foreign currency derivative financial instruments. The Company has entered into foreign currency forward contracts and foreign currency call options (see Note 8) and accounts for these instruments in accordance with ASC Topic 815, “Derivatives and Hedging,” which establishes accounting and reporting standards requiring that derivative instruments be recorded on the balance sheet as either an asset or liability measured at fair value. The Company’s foreign currency contracts and options are not designated as hedging instruments under ASC 815; accordingly, changes in the fair value are recorded in current period earnings. Premiums paid for foreign currency options with strike prices below the spot market price when acquired represent the time value of the option, as there is no intrinsic value. Such premiums are recorded as a current asset and amortized over the option term. Currency options are measured at fair value if the market price at the reporting date exceeds the strike price. When the strike price exceeds the market price, no liability is recorded as the Company has no obligation to exercise the options. Fair Value of Financial Instruments The Company discloses assets and liabilities that are recognized and measured at fair value, presented in a three-tier fair value hierarchy, as follows: • Level 1. Observable inputs such as quoted prices in active markets; • Level 2. Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and • Level 3. Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions. The carrying value of cash and cash equivalents, financial commitment assets (see Note 9), the promissory note issued from Trigall (see Note 1), accounts payable, short-term and all long-term borrowings, as reflected in the condensed consolidated balance sheets, approximate fair value because of the short-term maturity of these instruments or interest rates commensurate with market rates. There have been no changes in operations and/or credit characteristics since the date of issuance that could impact the relationship between interest rate and market rates. Assets and liabilities that are recognized and measured at fair value on a recurring basis are categorized as follows: Fair Value Measurements as of December 31, 2022 Using: Level 1 Level 2 Level 3 Foreign exchange contract liability $ — $ 1,009,469 $ — Total $ — $ 1,009,469 $ — Fair Value Measurements as of June 30, 2022 Using: Level 1 Level 2 Level 3 Foreign exchange contract liability $ — $ 996,106 $ — Total $ — $ 996,106 $ — Recent Accounting Pronouncements Not Yet Adopted We have evaluated all issued and unadopted Accounting Standards Updates and believe the adoption of these standards will not have a material impact on our condensed consolidated statements of operations, comprehensive income, balance sheets, or cash flows.

Leases

Leases	6 Months Ended
	Dec. 31, 2022
Lessee Disclosure [Abstract]
LEASES	NOTE 3 - LEASES The Company leases office and laboratory space, research plots and equipment used in connection with its operations under various operating and finance leases. The components of lease assets and liabilities as of December 31, 2022 are as follows: Leases Balance Sheet Classification: December 31, 2022 Assets: Right of use assets - operating leases Right of use assets - operating leases 4,234,241 Right of use assets - finance leases 2,011,082 Accumulated amortization - finance leases ( 1,361,998 ) Right of use assets - finance leases, net Other assets 649,084 Total lease assets 4,883,325 Liabilities: Current lease liabilities - finance leases Current portion of long-term debt, net 608,663 Current lease liabilities - operating leases Accrued expenses and other current liabilities 1,429,482 Long-term portion of lease liabilities - finance leases Long-term debt, net, less current portion 239,238 Long-term portion of lease liabilities - operating leases Other non-current liabilities 3,078,345 Total lease liabilities 5,355,728 The components of lease cost are as follows: Lease cost: Income Statement Classification: Three Months Ended December 31, 2022 Six Months Ended December 31, 2022 Operating lease cost Cost of revenue $ 163,389 $ 347,249 Operating lease cost Selling, general and administrative expenses 54,914 110,248 Operating lease cost Research and development expenses 88,620 224,817 Finance lease cost Depreciation and amortization 125,949 265,639 Finance lease cost Interest expense, net 12,841 28,791 Total lease costs $ 445,713 $ 976,744 Maturities of lease liabilities as of December 31, 2022 are as follows: Operating Leases Finance Leases 2023 $ 907,671 $ 440,777 2024 1,527,845 321,631 2025 1,024,653 98,337 2026 791,258 23,091 2027 509,239 — Thereafter 102,165 — Total lease payments 4,862,831 883,836 Less: Interest ( 355,004 ) ( 35,935 ) Present value of lease liabilities $ 4,507,827 $ 847,901 The following are the weighted average assumptions used for lease term and discount rate and supplemental cash flow information related to leases as of December 31, 2022: Operating lease remaining lease term 3.5 Operating lease discount rate 4.14 % Finance lease remaining lease term 1.2 years Finance lease discount rate 5.49 % Cash paid for operating leases $ 603,304 Cash paid for finance leases 527,384

Revenue Recognition

Revenue Recognition	6 Months Ended
	Dec. 31, 2022
Revenues [Abstract]
REVENUE RECOGNITION	NOTE 4 - REVENUE RECOGNITION The Company derives its revenue primarily from the sale of seed products to seed distributors. From time to time, the Company utilizes excess capacity to provide conditioning, treating and packaging services to other seed producers. Revenue from seed product sales is recognized at the point in time at which control of the product is transferred to the customer. Generally, this occurs upon shipment of the product. Pricing for such transactions is negotiated and determined at the time the contracts are signed. We have elected the practical expedient that allows us to account for shipping and handling activities as a fulfillment cost, and we accrue those costs when the related revenue is recognized. The Company has certain contracts with customers that offer a limited right of return on certain branded products through the end of the current sales year (September through August). The products must be in an unopened and undamaged state and must be resalable in the sole opinion of the Company to qualify for refund. The Company uses a historical returns percentage to estimate the refund liability and records a reduction of revenue in the period in which revenue is recognized. Contract Assets and Liabilities Accounts receivable represent amounts that are payable to the Company by its customers subject only to the passage of time. Payment terms on invoices are generally 30 to 180 days for export customers and end of sales season (September 30 th ) for branded products sold within the United States. As the period between the transfer of goods and/or services to the customer and receipt of payment is less than one year , the Company does not separately account for a financing component in its contracts with customers. The Company provides an allowance for doubtful trade receivables equal to the estimated uncollectible amounts (see Note 2). When it becomes probable that a trade receivable will not be collected, it is written off against the allowance for doubtful accounts. If an account that has been written off is subsequently corrected, the provision for doubtful receivables is reversed, which can result in a net negative provision in a period. During the three and six months ended December 31, 2022 , the Company recorded a net provision for doubtful receivables of $ 30,212 and a net reversal of the provision for doubtful receivables of $( 125,209 ), respectively. Deferred revenue represents payments received from customers in advance of completion of the Company's performance obligation. During the six months ended December 31, 2022 , the Company recognized $ 0.6 million of revenue that was included in the deferred balance as of June 30, 2022. During the six months ended December 31, 2021 , the Company recognized $ 0.4 million of revenue that was included in the deferred balance as of June 30, 2021. Disaggregation of Revenue The Company disaggregates revenue by type of contract and by destination country. The following table shows revenue from external sources by type of contract: Three Months Ended December 31, Six Months Ended December 31, 2022 2021 2022 2021 Seed sales $ 12,834,831 $ 11,818,392 $ 32,672,618 $ 26,723,793 Services 102,971 813,017 131,049 1,439,297 Total revenue $ 12,937,802 $ 12,631,409 $ 32,803,667 $ 28,163,090 The following tables show revenue and percentage of revenue from external sources by destination country: Three Months Ended December 31, Six Months Ended December 31, 2022 2021 2022 2021 Saudi Arabia $ 2,165,680 17 % $ 1,680,546 13 % $ 7,337,966 22 % $ 5,147,756 18 % United States 1,843,826 14 % $ 2,404,078 19 % 6,104,580 19 % 6,069,406 22 % Australia 2,501,634 19 % $ 2,245,847 18 % 5,059,366 15 % 5,679,852 20 % Libya 1,162 0 % $ 44,000 0 % 2,999,209 9 % 1,088,000 4 % Mexico 1,799,590 14 % $ 94,000 1 % 2,530,690 8 % 322,420 1 % Sudan 1,508,599 12 % $ — 0 % 2,310,643 7 % 819,618 3 % Pakistan 531,471 4 % $ 2,067,506 16 % 1,353,091 4 % 2,231,561 8 % South Africa 933,927 7 % $ 1,378,781 11 % 933,927 3 % 1,378,781 5 % Argentina 443,474 3 % $ 1,058,308 8 % 806,452 2 % 1,409,147 5 % Algeria — 0 % $ 186,000 1 % 754,680 2 % 186,000 1 % Other 1,208,439 9 % $ 1,472,343 12 % 2,613,063 8 % 3,830,549 14 % Total revenue $ 12,937,802 100 % $ 12,631,409 100 % $ 32,803,667 100 % $ 28,163,090 100 %

Intangible Assets

Intangible Assets	6 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS	NOTE 5 – INTANGIBLE ASSETS Intangible assets consist of the following: Balance at Transfer to Trigall Australia Amortization Currency Translation Adjustment Balance at December 31, 2022 Trade name $ 1,084,791 $ — $ ( 98,148 ) $ ( 3,290 ) $ 983,353 Customer relationships 5,499,815 — ( 176,526 ) ( 59,071 ) 5,264,218 GI customer list 42,983 — ( 3,582 ) — 39,401 Supply agreement 775,241 — ( 37,817 ) — 737,424 Grower relationships 1,331,581 — ( 52,703 ) — 1,278,878 Intellectual property 23,035,925 — ( 692,933 ) — 22,342,992 License agreement 1,986,598 ( 1,885,907 ) ( 75,610 ) ( 25,081 ) — Internal use software 338,893 — ( 33,889 ) — 305,004 $ 34,095,827 $ ( 1,885,907 ) $ ( 1,171,208 ) $ ( 87,442 ) $ 30,951,270 Balance at Other Additions and Disposals Amortization Currency Translation Adjustment Balance at Trade name $ 1,310,489 $ — $ ( 203,009 ) $ ( 22,689 ) $ 1,084,791 Customer relationships 6,302,591 — ( 373,393 ) ( 429,383 ) 5,499,815 Non-compete 5,058 — ( 5,058 ) — — GI customer list 50,146 — ( 7,163 ) — 42,983 Supply agreement 850,874 — ( 75,633 ) — 775,241 Grower relationships 1,436,988 — ( 105,407 ) — 1,331,581 Intellectual property 24,427,857 — ( 1,391,932 ) — 23,035,925 License agreement 2,340,269 — ( 172,004 ) ( 181,667 ) 1,986,598 Internal use software 406,670 — ( 67,777 ) — 338,893 $ 37,130,942 $ — $ ( 2,401,376 ) $ ( 633,739 ) $ 34,095,827 On December 23, 2022, the Company transferred certain intellectual property rights under a license agreement to Trigall Australia as part of its equity investment in the partnership (see Note 1 ). Amortization expense totaled $ 581,212 and $ 601,649 for the three months ended December 31, 2022 and 2021, respectively. Amortization expense totaled $ 1,171,208 and $ 1,206,138 for the six months ended December 31, 2022 and 2021, respectively. Estimated aggregate remaining amortization is as follows: 2023 2024 2025 2026 2027 Thereafter Amortization expense $ 1,080,323 $ 2,160,322 $ 2,119,891 $ 1,979,781 $ 1,928,897 $ 21,682,056

Property, Plant and Equipment

Property, Plant and Equipment	6 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT	NOTE 6 - PROPERTY, PLANT AND EQUIPMENT Components of property, plant and equipment were as follows: As of As of December 31, 2022 June 30, 2022 Land and improvements $ 2,260,672 $ 2,265,087 Buildings and improvements 8,130,736 8,119,960 Machinery and equipment 14,839,714 14,972,462 Vehicles 1,082,908 1,085,342 Leasehold improvements 552,811 552,810 Construction in progress 24,585 110,107 Total property, plant and equipment 26,891,426 27,105,768 Less: accumulated depreciation ( 11,184,855 ) ( 10,234,099 ) Property, plant and equipment, net $ 15,706,571 $ 16,871,669 Depreciation expense totaled $ 546,743 and $ 614,078 for the three months ended December 31, 2022 and 2021, respectively. Depreciation expense totaled $ 1,153,491 and $ 1,184,588 for the six months ended December 31, 2022 and 2021 , respectively.

Debt

Debt	6 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
DEBT	NOTE 7 - DEBT Total debt outstanding is presented on the consolidated balance sheet as follows: December 31, 2022 June 30, 2022 Current portion of working capital lines of credit CIBC $ 16,207,360 $ 12,804,611 National Australia Bank Limited 24,473,556 338,314 National Australia Bank Limited Overdraft Facility 1,160,587 — Debt issuance costs ( 431,286 ) ( 464,028 ) Total current portion of working capital lines of credit, net 41,410,217 12,678,897 Long-term portion of working capital lines of credit, less current portion National Australia Bank Limited — 21,703,286 Total long-term portion of working capital lines of credit — 21,703,286 Total working capital lines of credit, net $ 41,410,217 $ 34,382,183 Current portion of long-term debt Finance leases $ 608,663 $ 804,309 Term Loan - National Australia Bank Limited 340,250 344,400 Machinery & equipment loans - National Australia Bank Limited 254,414 246,547 Machinery & equipment loans - Hyster 11,957 11,834 Vehicle loans - Ford Credit 40,341 40,341 Secured real estate note - Rooster 6,527,849 6,905,995 Debt issuance costs ( 39,574 ) ( 36,643 ) Total current portion, net 7,743,900 8,316,783 Long-term debt, less current portion Finance leases 239,238 500,723 Term loan - National Australia Bank Limited 2,381,750 2,410,800 Machinery & equipment loans - National Australia Bank Limited 1,022,603 963,733 Machinery & equipment loans - Hyster 22,331 28,722 Vehicle loans - Ford Credit 65,934 88,583 Debt issuance costs — ( 21 ) Total long-term portion, net 3,731,856 3,992,540 Total debt, net $ 11,475,756 $ 12,309,323 CIBC Loan Agreement On December 26, 2019 , the Company entered into the CIBC Loan Agreement with CIBC, which originally provided for a $ 35.0 million credit facility, or the CIBC Credit Facility. As described in Note 8 to the Consolidated Financial Statements in the Company’s Annual Report on Form 10-K for the year ended June 30, 2022, the CIBC Loan Agreement was subsequently amended on several occasions through the year ended June 30, 2022. During the six months ended December 31, 2022, the CIBC Loan Agreement was further amended as follows: • on September 22, 2022, the CIBC Loan Agreement was amended to, among other things, (i) specify that the borrowing base eligible inventory sublimit cannot be reduced below the proceeds available to be drawn under the MFP Letter of Credit (as defined below), (ii) waive the Company's non-compliance with certain financial covenants under the CIBC Loan Agreement and (iii) establish a minimum liquidity of no less than $ 1.0 million tested weekly as of the last day of each week for the remainder of the term of the CIBC Loan Agreement; • on October 28, 2022, the CIBC Loan Agreement was amended to, among other things, increase (i) the total revolving loan commitment to $ 21.0 million from $ 18.0 million and (ii) the borrowing base eligible inventory sublimit to $ 12.0 million from $ 9.0 million; and • on December 23, 2022, the CIBC Loan Agreement was amended to, among other things, extend the maturity date of all revolving loans, advances and other obligations outstanding under the CIBC Loan Agreement from December 23, 2022 to March 23, 2023. As of December 31, 2022, the Company was in compliance with all covenants contained in the CIBC Loan Agreement. As of December 31, 2022 , there was approximately $ 4.8 million of unused availability on the CIBC Credit Facility. Rooster Note During the six months ended December 31, 2022, the Rooster Note (as defined in Note 8 to the Consolidated Financial Statements in the Company’s Annual Report on Form 10-K for the year ended June 30, 2022) was amended as follows: • on September 22, 2022, the Company entered into an amendment to extend the Rooster Note’s maturity date to December 23, 2022; and • on December 23, 2022, the Company entered into an amendment to the Rooster Note that (i) increased the interest rate on the Rooster Note from 7.75 % to 9.25 % per annum and (ii) extended the maturity date of the Rooster Note from December 23, 2022 to March 1, 2023. On February 6, 2023, Shell paid off the approximately $ 7.0 million of outstanding principal and accrued interest on the Rooster Note in connection with the Vision Bioenergy partnership (see Note 13). Australian Facilities S&W Australia’s debt facilities with National Australia Bank, or NAB, as amended to date, or the NAB Finance Agreement, were amended and restated effective October 24, 2022, and further amended on October 25, 2022. Pursuant to the amendments contained in the NAB Finance Agreement, among other things: • the borrowing base line credit limit under S&W Australia’s seasonal credit facility was increased from AUD $ 32.0 million (USD $ 21.8 million as of December 31, 2022 ) to AUD $ 40.0 million (USD $ 27.2 million as of December 31, 2022), with a one-year maturity date extension to September 30, 2024; • the overdraft credit limit under S&W Australia’s seasonal credit facility was increased from AUD $ 1.0 million (USD $ 0.7 million as of December 31, 2022 ) to AUD $ 2.0 million (USD $ 1.4 million as of December 31, 2022), with a one-year maturity date extension to September 29, 2023; and • the maturity date of S&W Australia’s master asset finance facility was extended by one year to September 29, 2023 . After the amendments, the consolidated debt facilities under the NAB Finance Agreement provide for up to an aggregate of AUD $ 49.0 (USD $ 33.3 million as of December 31, 2022 ) of credit. The NAB Finance Agreement is guaranteed by S&W Seed Company up to a maximum of AUD $ 15.0 million (USD $ 10.2 million as of December 31, 2022). Following the October 2022 amendments, the NAB Finance Agreement contained an undertaking requiring the Company to maintain a net related entity position of not more than AUD $ 25.0 million, and the Company's ability to comply with this undertaking was subject to fluctuations in foreign currency conversion rates outside of the Company's control. Due to fluctuations in foreign currency conversion rates, the Company was not in compliance with this undertaking as of December 31, 2022, and the Company subsequently obtained a waiver from NAB with respect to such non-compliance as of December 31, 2022. On February 8, 2023, the Company further amended the NAB Finance Agreement to change the required net related entity position from AUD $ 25.0 million to USD $ 18.5 million. The Company believes that this amendment will provide the Company with greater control over compliance with this undertaking. As of December 31, 2022, approximately AUD $ 4.3 million (USD $ 2.9 million) remained available for use under the NAB Finance Agreement. MFP Loan Agreement On September 22, 2022, the Company’s largest stockholder, MFP Partners, L.P., or MFP, provided a letter of credit issued by JPMorgan Chase Bank, N.A. for the account of MFP, with an initial face amount of $ 9.0 million, or the MFP Letter of Credit, for the benefit of CIBC, as additional collateral to support the Company’s obligations under the CIBC Loan Agreement. The MFP Letter of Credit initially matured on January 23, 2023 , one month after the maturity date of the existing CIBC Loan Agreement. Concurrently, on September 22, 2022, the Company entered into a Subordinate Loan and Security Agreement, or the MFP Loan Agreement, with MFP, pursuant to which any draw CIBC may make on the MFP Letter of Credit will be deemed to be a term loan advance made by MFP to the Company. The MFP Loan Agreement initially provided for up to $ 9.0 million of term loan advances. Concurrent with the October 28, 2022 amendment to the CIBC Loan Agreement (as described above), MFP amended the MFP Letter of Credit to increase the face amount from $ 9.0 million to $ 12.0 million, and the MFP Loan Agreement was amended to increase the maximum amount of term loan advances available to the Company from $ 9.0 million to $ 12.0 million. In connection with the December 23, 2022 amendment to the CIBC Loan Agreement, MFP amended the MFP Letter of Credit, extending the maturity date from January 23, 2023 to April 30, 2023. The MFP Loan Agreement will mature on November 30, 2025 . Pursuant to the MFP Loan Agreement, the Company will pay to MFP a cash fee through the maturity date of the MFP Letter of Credit equal to 3.50 % per annum on all amounts remaining undrawn under the MFP Letter of Credit. In the event any term advances are deemed made under the MFP Loan Agreement, such advances will bear interest at a rate per annum equal to term SOFR (with a floor of 1.25 %) plus 9.25 %, 50 % of which will be payable in cash on the last day of each fiscal quarter and 50 % of which will accrue as payment in kind interest payable on the maturity date, unless, with respect to any quarterly payment date, the Company elects to pay such interest in cash. The MFP Loan Agreement includes customary affirmative and negative covenants and events of default. The MFP Loan Agreement is secured by substantially all of the Company’s assets and is subordinated to the CIBC Loan Agreement. Upon the occurrence and during the continuance of an event of default, MFP may declare all outstanding obligations under the MFP Loan Agreement immediately due and payable and take such other actions as set forth in the MFP Loan Agreement. Maturities of Long-Term Debt The annual maturities of long-term debt, excluding finance lease liabilities, are as follows: Fiscal Year Amount 2023 $ 6,699,960 2024 675,326 2025 585,624 2026 2,351,682 2027 164,072 Thereafter 190,765 Total $ 10,667,429

Foreign Currency Forward Contra

Foreign Currency Forward Contracts and Options	6 Months Ended
	Dec. 31, 2022
Foreign Currency [Abstract]
FOREIGN CURRENCY FORWARD CONTRACTS AND OPTIONS	NOTE 8 - FOREIGN CURRENCY FORWARD CONTRACTS AND OPTIONS The Company held foreign currency forward contracts with a notional value of $ 18,760,948 at December 31, 2022 , with maturities ranging from January 2023 to June 2023 . The Company records an asset or liability on the condensed consolidated balance sheet for the fair value of the foreign currency forward contracts. The foreign currency contract liabilities totaled $ 1,009,469 and $ 996,106 at December 31, 2022 and June 30, 2022 , respectively. The Company recorded gain of $ 484,518 and loss of $ 13,256 on foreign currency forward contracts for the three months ended December 31, 2022 and 2021 , respectively, and losses of $ 19,466 and $ 252,059 for the six months ended December 31, 2022 and 2021, respectively. Gains and losses on foreign exchange contracts are reflected in cost of revenue. In December 2022, the Company acquired foreign currency options with a total notional amount of AUD $ 8,451,123 . The strike prices on the transaction dates and as of December 31, 2022 , were above the market price, so the options had no intrinsic value. Option premiums of AUD $ 42,080 are reflected in the caption " Prepaid expenses and other current assets" on the condensed consolidated balance sheet as of December 31, 2022. The Company's accounting policies for foreign currency contracts and options is found in Note 2 under the section titled " Derivative Financial Instruments."

Equity

Equity	6 Months Ended
	Dec. 31, 2022
Equity [Abstract]
EQUITY	NOTE 9 – EQUITY On September 22, 2022, the Company entered into a Subordinate Loan and Security Agreement, or the MFP Loan Agreement, with MFP, pursuant to which any draw CIBC may make on the MFP Letter of Credit will be deemed to be a term loan advance made by MFP to the Company (see Note 7 ). Pursuant to the terms and conditions of the MFP Loan agreement, on September 22, 2022, the Company issued to MFP a warrant, or Initial Warrant, to purchase up to 500,000 shares of the Company’s common stock, or Initial Warrant Shares, at $ 1.60 per share (subject to adjustment in connection with any stock dividends and splits, distributions with respect to the Company's common stock and certain fundamental transactions as described in the Initial Warrant). The Initial Warrant expires 5 years from its issue date, or September 22, 2027. In connection with the October 28, 2022 and December 22, 2022 amendments to the MFP Letter of Credit, the Company issued to MFP additional warrants to purchase 166,700 and 666,700 shares of the Company’s common stock, respectively, at an exercise price of $ 1.60 per warrant share. The warrants will each expire five years from the date of issuance. In total, warrants to purchase 1,333,400 shares of the Company’s common stock were issued to MFP in connection with the MFP Loan Agreement, or MFP Warrants, during the six months ended December 31, 2022. The MFP Warrants were valued using the Black-Scholes-Merton model as of the respective issue dates and recorded as a financial commitment asset within the caption "Prepaid expenses and other current assets" on the condensed consolidated balance sheet. The MFP Warrant current assets are amortized on a straight-line basis over the period from their initial issue dates through the end of the related MFP Letter of Credit commitment periods. During the six months ended December 31, 2022 , an aggregate value of $ 802,901 related to the MFP Warrants was capitalized, of which $ 291,487 was amortized as interest expense. MFP is the Company’s largest shareholder. One of the Company’s directors, Alexander C. Matina, is Vice President and Portfolio Manager of MFP Investors LLC, the general partner of MFP.

Equity-Based Compensation

Equity-Based Compensation	6 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
EQUITY-BASED COMPENSATION	NOTE 10 - EQUITY-BASED COMPENSATION Stock Options During the six months ended December 31, 2022 , the Company granted options to purchase 787,502 shares of its common stock to certain of its directors, members of the executive management team and other employees at exercise prices ranging from $ 0.81 - $ 1.04 per share. These options vest in either quarterly or annual periods over one to three year s and expire ten years from the date of grant. A summary of stock option activity for the six months ended December 31, 2022 and the year ended June 30, 2022 is presented below: Number of Weighted - Weighted- Aggregate Outstanding at June 30, 2021 3,776,568 $ 2.65 8.0 $ 3,962,766 Granted 994,725 2.63 Exercised ( 38,774 ) 2.33 Canceled/forfeited/expired ( 95,419 ) 2.82 Outstanding at June 30, 2022 4,637,100 2.64 6.6 — Granted 787,502 0.87 Exercised — — Canceled/forfeited/expired ( 844,545 ) 2.79 Outstanding at December 31, 2022 4,580,057 2.31 7.2 491,508 Options vested and exercisable at December 31, 2022 3,048,678 $ 2.63 6.2 $ 1,875.00 Options vested and expected to vest as of December 31, 2022 4,568,721 2.31 7.2 486,844 The weighted average grant date per share fair value of options granted during the three and six months ended December 31, 2022 was $ 0.47 . At December 31, 2022 , the Company had $ 1,019,195 of unrecognized stock compensation expense, net of estimated forfeitures, related to the options under the S&W Seed Company 2009 Equity Incentive Plan and the S&W Seed Company 2019 Equity Incentive Plan, or 2019 Plan, which will be recognized over the weighted average remaining service period of 1.93 years. The Company settles employee stock option exercises with newly issued shares of common stock. Restricted Stock Units During the six months ended December 31, 2022 , the Company issued 431,704 restricted stock units to its directors, certain members of the executive management team, and other employees. The restricted stock units have varying vesting periods ranging from immediate vesting to quarterly or annual installments over one to three-year s. The fair value of the awards granted during the six months ended December 31, 2022 and 2021 totaled $ 443,375 and $ 829,780 , respectively, and was based on the closing stock price on the date of grants. A summary of activity related to non-vested restricted stock units is presented below: Number of Weighted-Average Weighted-Average Nonvested restricted units outstanding at June 30, 2021 361,570 $ 2.51 1.3 Granted 304,421 2.78 — Vested ( 391,036 ) 2.62 — Forfeited ( 7,036 ) 2.35 — Nonvested restricted units outstanding at June 30, 2022 267,919 2.66 1.2 Granted 431,704 1.03 — Vested ( 192,952 ) 2.72 — Forfeited ( 8,750 ) 2.50 — Nonvested restricted units outstanding at December 31, 2022 497,921 1.22 1.7 At December 31, 2022 , the Company had $ 546,369 of unrecognized stock compensation expense related to the restricted stock units, which will be recognized over the weighted average remaining service period of 1.72 years. Stock-based Compensation Expense Stock-based compensation expense recorded for grants of stock options, restricted stock and restricted stock units for the three months ended December 31, 2022 and 2021 totaled $ 305,894 and $ 1,014,203 , respectively. Stock-based compensation expense recorded for grants of stock options, restricted stock and restricted stock units for the six months ended December 31, 2022 and 2021 totaled $ 762,006 and $ 1,418,515 , respectively. At December 31, 2022 , there were 2,198,793 shares available under the 2019 Plan for future grants and awards. Weighted-average assumptions used in the Black-Scholes-Merton model are set forth below for the periods indicated: Six Months Ended December 31, 2022 Year Ended Risk free rate 2.87 % - 4.41 % 0.8 % - 1.1 % Dividend yield 0 0 % Volatility 64.7 % - 66.1 % 61.8 % - 62.4 % Average forfeiture assumptions 8.7 % 2.8 %

Series B Convertible Preferred

Series B Convertible Preferred Stock	6 Months Ended
	Dec. 31, 2022
Temporary Equity Disclosure [Abstract]
Series B Convertible Preferred Stock	NOTE 11 – SERIES B CONVERTIBLE PREFERRED STOCK The terms and conditions of the Company’s Series B Convertible Preferred Stock and accompanying Warrant are presented in Note 14 to the Consolidated Financial Statements in the Company’s Annual Report on Form 10-K for the year ended June 30, 2022 . No issuances or conversions of Series B Convertible Preferred Stock occurred during the six months ended December 31, 2022. Activity in the period consisted of accrual of dividends and accretion of the discount on the Warrants. The following summarizes changes to the Series B Convertible Preferred Stock: Balance at June 30, 2021 $ - Issuance of preferred stock 4,638,521 Dividends accrued 127,541 Accretion of discount for warrants 38,757 Balance at June 30, 2022 $ 4,804,819 Dividends accrued 176,447 Accretion of discount for warrants 51,676 Balance at December 31, 2022 $ 5,032,942

Non-Cash Activities for Stateme

Non-Cash Activities for Statements of Cash Flows	6 Months Ended
	Dec. 31, 2022
Supplemental Cash Flow Elements [Abstract]
NON-CASH ACTIVITIES FOR STATEMENTS OF CASH FLOWS	NOTE 12 - NON-CASH ACTIVITIES FOR STATEMENTS OF CASH FLOWS The below table represents supplemental information to the Company’s condensed consolidated statements of cash flows for non-cash activities during the six months ended December 31, 2022 and 2021, respectively. Six Months Ended December 31, 2022 2021 Non-cash investing activities: Contribution of intangible assets to partnership in exchange for equity investment and promissory note $ 1,750,000 $ — ROU assets financed by lease liabilities — ( 122,863 ) Non-cash financing activities: Warrants issued for financial commitment asset 802,901 — Accretion of discount for Series B preferred stock warrants 51,676 — Dividends accrued for participating securities 176,447 —

Subsequent Events

Subsequent Events	6 Months Ended
	Dec. 31, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 13 – SUBSEQUENT EVENTS Shell Partnership On February 6, 2023, S&W and Shell entered into a Contribution and Membership Interest Purchase Agreement, relating to a joint venture for the development and production of sustainable biofuel feedstocks, pursuant to which: • S&W (i) contributed its Nampa, Idaho production and research facilities, or the Nampa Facilities, to Vision Bioenergy, along with certain personal property, including vehicles, fixed assets and other similar equipment; (ii) caused Vision Bioenergy to make offers of employment to certain key personnel; (iii) assigned to Vision Bioenergy certain contracts and permits; and (iv) agreed to a two-year non-solicitation covenant with respect to the personnel transferred to Vision Bioenergy; and • Shell (i) made a $ 13.0 million cash contribution to Vision Bioenergy; (ii) paid $ 7.0 million to S&W; and (iii) paid off in full the Rooster Note, which was secured by a priority security interest in the property, plant and fixtures located at the Nampa Facilities. In February 2024, Shell will be required to pay an additional $ 6.0 million, and make an additional $ 12.0 million cash contribution to Vision Bioenergy. Shell received a 66 % interest in Vision Bioenergy and S&W retained a 34 % interest. Additionally, upon the achievement of certain specified milestones, measured as of the fourth and seventh anniversaries of the closing of the joint venture transaction, S&W is eligible to receive up to an additional aggregate 10 % interest in Vision Bioenergy. In addition, S&W has a one-time option, exercisable at any time on or before the fourth anniversary of the closing of the joint venture transaction, to purchase a 6 % membership interest from Shell for a purchase price ranging between approximately $ 7.1 and $ 12.0 million, depending on the date on which such purchase is completed. Amendment of NAB Finance Agreement On February 8, 2023, the NAB Finance Agreement was amended to change the maximum permissible net related entity position from AUD $ 25.0 million to USD $ 18.5 million.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Investments and Joint Venture Activity	Investments and Partnership Activity Bioceres Investment As of June 30, 2021, the Company held an investment in Bioceres, S.A., a provider of crop productivity solutions headquartered in Argentina. During the third quarter of fiscal year 2022, the Company sold 71.4 % of the investment in Bioceres, S.A. for net proceeds of $ 988,504 , which included a gain on the sale of marketable securities of $ 68,967 . The carrying value of the remainder of the investment was $ 367,980 at June 30, 2022, which was reported in Other assets on the Company's consolidated balance sheet. During the six months ended December 31, 2022, the Company sold off the remainder of its investment in Bioceres, S.A. for net proceeds of $ 400,000 , which included a gain on the sale of equity investment of $ 32,030 . Trigall Australia Partnership Effective December 23, 2022, the Company’s wholly owned subsidiary, S&W Seed Company Australia Pty Ltd, or S&W Australia, entered into a partnership with Trigall Genetics S.A., or Trigall, for the development and marketing of wheat varieties in Australia. Under the terms of the partnership agreement, S&W Australia transferred certain intellectual property license rights and equipment into a wholly owned subsidiary and subsequently sold an 80 % interest in the subsidiary to Trigall. The subsidiary was renamed Trigall Australia Pty Ltd, or Trigall Australia. In return, S&W Australia received $ 2.0 million in cash, a $ 1.0 million promissory note to be paid in December 2023, and a 20 % ownership interest in Trigall Australia. S&W Australia realized a $ 1.8 million gain on the sale. The ownership interest in Trigall Australia was recorded using the equity method and, al ong with the $ 1.0 million pro missory note, is reported within the “Other assets” caption on the condensed consolidated balance sheet. S&W Australia is obligated to make an aggregate of $ 560,000 in capital contributions to Trigall Australia through June 2025, and has agreed to provide certain marketing, collection and other operational services in support of the partnership. Shell Partnership On February 6, 2023, S&W and Equilon Enterprises LLC (dba Shell Oil Products US, or Shell), entered into a partnership for the development and production of sustainable biofuel feedstocks through Vision Bioenergy Oilseeds LLC, or Vision Bioenergy (see Note 13 ).
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make certain estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Estimates are adjusted to reflect actual experience when necessary. Significant estimates and assumptions affect many items in the financial statements. These include allowance for doubtful trade receivables, inventory valuation, asset impairments, provisions for income taxes, grower accruals (an estimate of amounts payable to farmers who grow seed for the Company), contingent consideration obligations, contingencies and litigation. Significant estimates and assumptions are also used to establish the fair value and useful lives of depreciable tangible and certain intangible assets, goodwill as well as valuing stock-based compensation. Actual results may differ from those estimates and assumptions, and such results may affect income, financial position or cash flows. The Company believes the estimates and assumptions underlying the accompanying condensed consolidated financial statements are reasonable and supportable based on the information available at the time the financial statements were prepared. However, certain adverse geopolitical and macroeconomic events, such as the continued impact of COVID-19, the ongoing conflict between Ukraine and Russia and related sanctions, and uncertain market conditions, including higher inflation and supply chain disruptions, have, among other things, negatively impacted the global economy, created significant volatility and disruption of financial markets, and significantly increased economic and demand uncertainty. These factors make many of the estimates and assumptions reflected in these condensed consolidated financial statements inherently less certain. Therefore, actual results may ultimately differ from those estimates to a greater degree than historically.
Liquidity and Going Concern	Liquidity and Going Concern For the six months ended December 31, 2022 , we reported a net loss of $ 10.5 million and net cash used in operations of $ 8.4 million. At December 31, 2022, we had cash on hand of $ 1.3 million. The Company’s Loan and Security Agreement, dated December 26, 2019, or the CIBC Loan Agreement, with CIBC Bank USA, or CIBC, which matures on March 23, 2023 ($ 16.2 million outstanding as of December 31, 2022), and its debt facilities with National Australia Bank, or NAB, contain various operating and financial covenants (see Note 7 ). Adverse geopolitical and macroeconomic events and other factors affecting the Company’s results of operations have increased the risk of the Company’s inability to comply with these covenants, which could result in acceleration of its repayment obligations and foreclosure on its pledged assets. For example, the Company was not in compliance with certain covenants in the CIBC Loan Agreement as of June 30, 2021, December 31, 2021, March 31, 2022, June 15, 2022 and June 30, 2022, and was required to obtain waivers and/or amendments from CIBC. The CIBC Loan Agreement as presently in effect requires the Company to maintain minimum liquidity of no less than $ 1.0 million, and the NAB Finance Agreement (as defined below) includes an undertaking that requires the Company to maintain a net related entity position of not more than USD $ 18.5 million. The Company is actively pursuing refinancing of the CIBC Loan Agreement. There can be no assurance the Company will be successful in raising additional capital, securing future waivers and/or amendments from its lenders, renewing or refinancing its existing debt or securing new financing. If the Company is unsuccessful in doing so, it may need to reduce the scope of its operations, repay amounts owing to its lenders or sell certain assets. These operating and liquidity factors raise substantial doubt regarding the Company’s ability to continue as a going concern. The Company’s consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.
Accounts Receivable	Accounts Receivable The Company provides an allowance for doubtful trade receivables equal to the estimated uncollectible amounts. That estimate is based on historical collection experience, current economic and market conditions and a review of the current status of each customer’s trade accounts receivable. The allowance for doubtful trade receivables was $ 180,334 and $ 233,927 at December 31, 2022 and June 30, 2022, respectively.
Inventories	Inventories Components of inventory are as follows: As of As of December 31, 2022 June 30, 2022 Raw materials and supplies $ 3,808,923 $ 2,645,764 Work in progress 11,035,458 6,677,980 Finished goods 38,107,714 45,192,150 Inventories, net $ 52,952,095 $ 54,515,894
Income Taxes	Income Taxes Deferred tax assets and liabilities are determined based on differences between the financial statement and tax basis of assets and liabilities, as well as a consideration of net operating loss and credit carry forwards, using enacted tax rates in effect for the period in which the differences are expected to impact taxable income. A valuation allowance is established, when necessary, to reduce deferred tax assets to the amount that is more likely than not to be realized. The Company’s effective tax rate for the three and six months ended December 31, 2022 and December 31, 2021 has been affected by the valuation allowance on the Company’s deferred tax assets as well as the gain related to the formation of our wheat partnership with Trigall.
Net Loss Per Common Share Data	Net Loss Per Common Share Data The Company computes earnings per share using the two-class method. The two-class method requires an earnings allocation formula that determines earnings per share for common shareholders and participating security holders according to dividends declared and participating rights in undistributed earnings. The Company's Series B Preferred Stock and related warrant, or Series B Warrant (see Note 14 of the Notes to Consolidated Financial Statements included in the Company's Annual Report on Form 10-K for the year ended June 30, 2022 , as filed with the SEC) are participating securities because holders of such shares have non-forfeitable dividend rights and participate in any undistributed earnings with common stock. Under the two-class method, total dividends provided to the holders of participating securities and undistributed earnings allocated to participating securities, are subtracted from net income attributable to the Company in determining net loss attributable to common shareholders. There were $ 88,224 and $ 176,447 in accrued dividends subtracted from net income attributable to common shareholders during the three and six months ended December 31, 2022 , respectively; there were no undistributed earnings to allocate to the participating securities. Additionally, any accretion to the redemption value for the Series B Preferred Stock is treated as a deemed dividend in the two-class earnings per share, or EPS, calculation. During the three and six months ended December 31, 2022 , $ 25,838 and $ 51,676 , respectively, was accreted to the redemption value of the Series B Preferred Stock and subtracted from net income attributable to common shareholders. During the three and six months ended December 31, 2022 , there were no undistributed earnings to allocate to the participating securities. The calculation of net loss per common share is shown in the table below. Three Months Ended Six Months Ended 2022 2021 2022 2021 Numerator: Net loss attributable to S&W Seed Company $ ( 5,986,005 ) $ ( 9,795,102 ) $ ( 10,494,946 ) $ ( 16,195,077 ) Dividends accrued for participating securities ( 88,224 ) — ( 176,447 ) — Accretion of Series B Preferred Stock redemption value ( 25,838 ) — ( 51,676 ) — Numerator for net loss per common share - basic and diluted $ ( 6,100,067 ) $ ( 9,795,102 ) $ ( 10,723,069 ) $ ( 16,195,077 ) Denominator: Weighted average shares outstanding - basic and diluted 42,651,270 38,461,049 42,627,645 37,617,457 Net loss per common share - basic and diluted $ ( 0.14 ) $ ( 0.25 ) $ ( 0.25 ) $ ( 0.43 ) Anti-dilutive shares, which have been excluded from the computation of diluted loss per share, included 4,580,057 employee stock options, 497,921 restricted stock units, or RSUs, and warrants to purchase 1,333,400 shares of common stock related to the MFP Loan Agreement (as defined below), and 559,350 Warrants issued with the Company's Series B Convertible Preferred Stock. The terms and conditions of these securities are more fully described in Note 9 and Note 10 in these condensed consolidated financial statements and in Note 13 and Note 14 of the Notes to Consolidated Financial Statements included in the Company's Annual Report on Form 10-K for the year ended June 30, 2021, as filed with the SEC. For the periods ending December 31, 2022 and 2021 , all potentially dilutive shares were anti-dilutive and excluded from the calculation of diluted loss per share because net losses were recognized.
Concentrations	Concentrations One customer accounted for 8 % and 11 % of the Company's revenue for the three and six months ended December 31, 2022 , respectively, and no single customer accounted for more than 10 % of the Company's revenue for the three and six months ended December 31, 2021. One customer accounted for approximately 15 % of the Company’s accounts receivable as of December 31, 2022 . No customer accounted for more than 10 % of the Company’s accounts receivable as of June 30, 2022. The Company sells a substantial portion of its products to international customers (see Note 4 ). Sales to international markets represented 86 % and 81 % of revenue during the three months ended December 31, 2022 and 2021 , respectively. Sales to international markets represented 81 % and 78 % of revenue during the six months ended December 31, 2022 and 2021 , respectively. The net book value of fixed assets located outside the United States was 21 % and 22 % of total fixed assets at December 31, 2022 and June 30, 2022 , respectively. Cash balances located outside of the United States may not be insured and totaled $ 420,595 and $ 811,551 at December 31, 2022 and June 30, 2022 , respectively.
Derivative Financial Instruments	Derivative Financial Instruments The Company’s subsidiary, S&W Australia, is exposed to foreign currency exchange rate fluctuations in the normal course of its business, which the Company at times manages through the use of foreign currency derivative financial instruments. The Company has entered into foreign currency forward contracts and foreign currency call options (see Note 8) and accounts for these instruments in accordance with ASC Topic 815, “Derivatives and Hedging,” which establishes accounting and reporting standards requiring that derivative instruments be recorded on the balance sheet as either an asset or liability measured at fair value. The Company’s foreign currency contracts and options are not designated as hedging instruments under ASC 815; accordingly, changes in the fair value are recorded in current period earnings. Premiums paid for foreign currency options with strike prices below the spot market price when acquired represent the time value of the option, as there is no intrinsic value. Such premiums are recorded as a current asset and amortized over the option term. Currency options are measured at fair value if the market price at the reporting date exceeds the strike price. When the strike price exceeds the market price, no liability is recorded as the Company has no obligation to exercise the options.
Fair Values of Financial Instruments	Fair Value of Financial Instruments The Company discloses assets and liabilities that are recognized and measured at fair value, presented in a three-tier fair value hierarchy, as follows: • Level 1. Observable inputs such as quoted prices in active markets; • Level 2. Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and • Level 3. Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions. The carrying value of cash and cash equivalents, financial commitment assets (see Note 9), the promissory note issued from Trigall (see Note 1), accounts payable, short-term and all long-term borrowings, as reflected in the condensed consolidated balance sheets, approximate fair value because of the short-term maturity of these instruments or interest rates commensurate with market rates. There have been no changes in operations and/or credit characteristics since the date of issuance that could impact the relationship between interest rate and market rates. Assets and liabilities that are recognized and measured at fair value on a recurring basis are categorized as follows: Fair Value Measurements as of December 31, 2022 Using: Level 1 Level 2 Level 3 Foreign exchange contract liability $ — $ 1,009,469 $ — Total $ — $ 1,009,469 $ — Fair Value Measurements as of June 30, 2022 Using: Level 1 Level 2 Level 3 Foreign exchange contract liability $ — $ 996,106 $ — Total $ — $ 996,106 $ —
Recent Accounting Pronouncements Not Yet Adopted	Recent Accounting Pronouncements Not Yet Adopted We have evaluated all issued and unadopted Accounting Standards Updates and believe the adoption of these standards will not have a material impact on our condensed consolidated statements of operations, comprehensive income, balance sheets, or cash flows.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Components of Inventory	Components of inventory are as follows: As of As of December 31, 2022 June 30, 2022 Raw materials and supplies $ 3,808,923 $ 2,645,764 Work in progress 11,035,458 6,677,980 Finished goods 38,107,714 45,192,150 Inventories, net $ 52,952,095 $ 54,515,894
Schedule of Calculation of Net Loss Per Common Share	The calculation of net loss per common share is shown in the table below. Three Months Ended Six Months Ended 2022 2021 2022 2021 Numerator: Net loss attributable to S&W Seed Company $ ( 5,986,005 ) $ ( 9,795,102 ) $ ( 10,494,946 ) $ ( 16,195,077 ) Dividends accrued for participating securities ( 88,224 ) — ( 176,447 ) — Accretion of Series B Preferred Stock redemption value ( 25,838 ) — ( 51,676 ) — Numerator for net loss per common share - basic and diluted $ ( 6,100,067 ) $ ( 9,795,102 ) $ ( 10,723,069 ) $ ( 16,195,077 ) Denominator: Weighted average shares outstanding - basic and diluted 42,651,270 38,461,049 42,627,645 37,617,457 Net loss per common share - basic and diluted $ ( 0.14 ) $ ( 0.25 ) $ ( 0.25 ) $ ( 0.43 )
Schedule of Assets and Liabilities Recognized and Measured at Fair Value on Recurring Basis	Assets and liabilities that are recognized and measured at fair value on a recurring basis are categorized as follows: Fair Value Measurements as of December 31, 2022 Using: Level 1 Level 2 Level 3 Foreign exchange contract liability $ — $ 1,009,469 $ — Total $ — $ 1,009,469 $ — Fair Value Measurements as of June 30, 2022 Using: Level 1 Level 2 Level 3 Foreign exchange contract liability $ — $ 996,106 $ — Total $ — $ 996,106 $ —

Leases (Tables)

Leases (Tables)	6 Months Ended
	Dec. 31, 2022
Lessee Disclosure [Abstract]
Summary of Components of Lease Assets and Liabilities	The components of lease assets and liabilities as of December 31, 2022 are as follows: Leases Balance Sheet Classification: December 31, 2022 Assets: Right of use assets - operating leases Right of use assets - operating leases 4,234,241 Right of use assets - finance leases 2,011,082 Accumulated amortization - finance leases ( 1,361,998 ) Right of use assets - finance leases, net Other assets 649,084 Total lease assets 4,883,325 Liabilities: Current lease liabilities - finance leases Current portion of long-term debt, net 608,663 Current lease liabilities - operating leases Accrued expenses and other current liabilities 1,429,482 Long-term portion of lease liabilities - finance leases Long-term debt, net, less current portion 239,238 Long-term portion of lease liabilities - operating leases Other non-current liabilities 3,078,345 Total lease liabilities 5,355,728
Summary of Components of Lease Cost	The components of lease cost are as follows: Lease cost: Income Statement Classification: Three Months Ended December 31, 2022 Six Months Ended December 31, 2022 Operating lease cost Cost of revenue $ 163,389 $ 347,249 Operating lease cost Selling, general and administrative expenses 54,914 110,248 Operating lease cost Research and development expenses 88,620 224,817 Finance lease cost Depreciation and amortization 125,949 265,639 Finance lease cost Interest expense, net 12,841 28,791 Total lease costs $ 445,713 $ 976,744
Summary of Maturities of Lease Liabilities	Maturities of lease liabilities as of December 31, 2022 are as follows: Operating Leases Finance Leases 2023 $ 907,671 $ 440,777 2024 1,527,845 321,631 2025 1,024,653 98,337 2026 791,258 23,091 2027 509,239 — Thereafter 102,165 — Total lease payments 4,862,831 883,836 Less: Interest ( 355,004 ) ( 35,935 ) Present value of lease liabilities $ 4,507,827 $ 847,901
Summary of Weighted Average Assumptions on Lease Term and Discount Rate and Supplemental Cash Flow Information Related to Leases	The following are the weighted average assumptions used for lease term and discount rate and supplemental cash flow information related to leases as of December 31, 2022: Operating lease remaining lease term 3.5 Operating lease discount rate 4.14 % Finance lease remaining lease term 1.2 years Finance lease discount rate 5.49 % Cash paid for operating leases $ 603,304 Cash paid for finance leases 527,384

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Dec. 31, 2022
Revenues [Abstract]
Schedule of disaggregation of revenues	The Company disaggregates revenue by type of contract and by destination country. The following table shows revenue from external sources by type of contract: Three Months Ended December 31, Six Months Ended December 31, 2022 2021 2022 2021 Seed sales $ 12,834,831 $ 11,818,392 $ 32,672,618 $ 26,723,793 Services 102,971 813,017 131,049 1,439,297 Total revenue $ 12,937,802 $ 12,631,409 $ 32,803,667 $ 28,163,090
Schedule of Revenues and Percentage of Revenue from External Customers by Country	The following tables show revenue and percentage of revenue from external sources by destination country: Three Months Ended December 31, Six Months Ended December 31, 2022 2021 2022 2021 Saudi Arabia $ 2,165,680 17 % $ 1,680,546 13 % $ 7,337,966 22 % $ 5,147,756 18 % United States 1,843,826 14 % $ 2,404,078 19 % 6,104,580 19 % 6,069,406 22 % Australia 2,501,634 19 % $ 2,245,847 18 % 5,059,366 15 % 5,679,852 20 % Libya 1,162 0 % $ 44,000 0 % 2,999,209 9 % 1,088,000 4 % Mexico 1,799,590 14 % $ 94,000 1 % 2,530,690 8 % 322,420 1 % Sudan 1,508,599 12 % $ — 0 % 2,310,643 7 % 819,618 3 % Pakistan 531,471 4 % $ 2,067,506 16 % 1,353,091 4 % 2,231,561 8 % South Africa 933,927 7 % $ 1,378,781 11 % 933,927 3 % 1,378,781 5 % Argentina 443,474 3 % $ 1,058,308 8 % 806,452 2 % 1,409,147 5 % Algeria — 0 % $ 186,000 1 % 754,680 2 % 186,000 1 % Other 1,208,439 9 % $ 1,472,343 12 % 2,613,063 8 % 3,830,549 14 % Total revenue $ 12,937,802 100 % $ 12,631,409 100 % $ 32,803,667 100 % $ 28,163,090 100 %

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets	Intangible assets consist of the following: Balance at Transfer to Trigall Australia Amortization Currency Translation Adjustment Balance at December 31, 2022 Trade name $ 1,084,791 $ — $ ( 98,148 ) $ ( 3,290 ) $ 983,353 Customer relationships 5,499,815 — ( 176,526 ) ( 59,071 ) 5,264,218 GI customer list 42,983 — ( 3,582 ) — 39,401 Supply agreement 775,241 — ( 37,817 ) — 737,424 Grower relationships 1,331,581 — ( 52,703 ) — 1,278,878 Intellectual property 23,035,925 — ( 692,933 ) — 22,342,992 License agreement 1,986,598 ( 1,885,907 ) ( 75,610 ) ( 25,081 ) — Internal use software 338,893 — ( 33,889 ) — 305,004 $ 34,095,827 $ ( 1,885,907 ) $ ( 1,171,208 ) $ ( 87,442 ) $ 30,951,270 Balance at Other Additions and Disposals Amortization Currency Translation Adjustment Balance at Trade name $ 1,310,489 $ — $ ( 203,009 ) $ ( 22,689 ) $ 1,084,791 Customer relationships 6,302,591 — ( 373,393 ) ( 429,383 ) 5,499,815 Non-compete 5,058 — ( 5,058 ) — — GI customer list 50,146 — ( 7,163 ) — 42,983 Supply agreement 850,874 — ( 75,633 ) — 775,241 Grower relationships 1,436,988 — ( 105,407 ) — 1,331,581 Intellectual property 24,427,857 — ( 1,391,932 ) — 23,035,925 License agreement 2,340,269 — ( 172,004 ) ( 181,667 ) 1,986,598 Internal use software 406,670 — ( 67,777 ) — 338,893 $ 37,130,942 $ — $ ( 2,401,376 ) $ ( 633,739 ) $ 34,095,827
Intangible Assets (Future Amortization)	Estimated aggregate remaining amortization is as follows: 2023 2024 2025 2026 2027 Thereafter Amortization expense $ 1,080,323 $ 2,160,322 $ 2,119,891 $ 1,979,781 $ 1,928,897 $ 21,682,056

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	6 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Components of Property, Plant and Equipment	Components of property, plant and equipment were as follows: As of As of December 31, 2022 June 30, 2022 Land and improvements $ 2,260,672 $ 2,265,087 Buildings and improvements 8,130,736 8,119,960 Machinery and equipment 14,839,714 14,972,462 Vehicles 1,082,908 1,085,342 Leasehold improvements 552,811 552,810 Construction in progress 24,585 110,107 Total property, plant and equipment 26,891,426 27,105,768 Less: accumulated depreciation ( 11,184,855 ) ( 10,234,099 ) Property, plant and equipment, net $ 15,706,571 $ 16,871,669

Debt (Tables)

Debt (Tables)	6 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Schedule of Total Debt Outstanding	Total debt outstanding is presented on the consolidated balance sheet as follows: December 31, 2022 June 30, 2022 Current portion of working capital lines of credit CIBC $ 16,207,360 $ 12,804,611 National Australia Bank Limited 24,473,556 338,314 National Australia Bank Limited Overdraft Facility 1,160,587 — Debt issuance costs ( 431,286 ) ( 464,028 ) Total current portion of working capital lines of credit, net 41,410,217 12,678,897 Long-term portion of working capital lines of credit, less current portion National Australia Bank Limited — 21,703,286 Total long-term portion of working capital lines of credit — 21,703,286 Total working capital lines of credit, net $ 41,410,217 $ 34,382,183 Current portion of long-term debt Finance leases $ 608,663 $ 804,309 Term Loan - National Australia Bank Limited 340,250 344,400 Machinery & equipment loans - National Australia Bank Limited 254,414 246,547 Machinery & equipment loans - Hyster 11,957 11,834 Vehicle loans - Ford Credit 40,341 40,341 Secured real estate note - Rooster 6,527,849 6,905,995 Debt issuance costs ( 39,574 ) ( 36,643 ) Total current portion, net 7,743,900 8,316,783 Long-term debt, less current portion Finance leases 239,238 500,723 Term loan - National Australia Bank Limited 2,381,750 2,410,800 Machinery & equipment loans - National Australia Bank Limited 1,022,603 963,733 Machinery & equipment loans - Hyster 22,331 28,722 Vehicle loans - Ford Credit 65,934 88,583 Debt issuance costs — ( 21 ) Total long-term portion, net 3,731,856 3,992,540 Total debt, net $ 11,475,756 $ 12,309,323
Schedule of Annual Maturities of Long-Term Debt Excluding Finance Lease Liabilities	The annual maturities of long-term debt, excluding finance lease liabilities, are as follows: Fiscal Year Amount 2023 $ 6,699,960 2024 675,326 2025 585,624 2026 2,351,682 2027 164,072 Thereafter 190,765 Total $ 10,667,429

Equity-Based Compensation (Tabl

Equity-Based Compensation (Tables)	6 Months Ended
	Dec. 31, 2022
Schedule of Weighted Average Assumptions Used in Black-Scholes-Merton Model	At December 31, 2022 , there were 2,198,793 shares available under the 2019 Plan for future grants and awards. Weighted-average assumptions used in the Black-Scholes-Merton model are set forth below for the periods indicated: Six Months Ended December 31, 2022 Year Ended Risk free rate 2.87 % - 4.41 % 0.8 % - 1.1 % Dividend yield 0 0 % Volatility 64.7 % - 66.1 % 61.8 % - 62.4 % Average forfeiture assumptions 8.7 % 2.8 %
Summary of Stock Option Activity	A summary of stock option activity for the six months ended December 31, 2022 and the year ended June 30, 2022 is presented below: Number of Weighted - Weighted- Aggregate Outstanding at June 30, 2021 3,776,568 $ 2.65 8.0 $ 3,962,766 Granted 994,725 2.63 Exercised ( 38,774 ) 2.33 Canceled/forfeited/expired ( 95,419 ) 2.82 Outstanding at June 30, 2022 4,637,100 2.64 6.6 — Granted 787,502 0.87 Exercised — — Canceled/forfeited/expired ( 844,545 ) 2.79 Outstanding at December 31, 2022 4,580,057 2.31 7.2 491,508 Options vested and exercisable at December 31, 2022 3,048,678 $ 2.63 6.2 $ 1,875.00 Options vested and expected to vest as of December 31, 2022 4,568,721 2.31 7.2 486,844
Summary of Activity Related to Non-Vested Restricted Stock Units	A summary of activity related to non-vested restricted stock units is presented below: Number of Weighted-Average Weighted-Average Nonvested restricted units outstanding at June 30, 2021 361,570 $ 2.51 1.3 Granted 304,421 2.78 — Vested ( 391,036 ) 2.62 — Forfeited ( 7,036 ) 2.35 — Nonvested restricted units outstanding at June 30, 2022 267,919 2.66 1.2 Granted 431,704 1.03 — Vested ( 192,952 ) 2.72 — Forfeited ( 8,750 ) 2.50 — Nonvested restricted units outstanding at December 31, 2022 497,921 1.22 1.7

Series B Convertible Preferre_2

Series B Convertible Preferred Stock (Tables)	6 Months Ended
	Dec. 31, 2022
Temporary Equity Disclosure [Abstract]
Summary of Changes to Series B Convertible Preferred Stock	The following summarizes changes to the Series B Convertible Preferred Stock: Balance at June 30, 2021 $ - Issuance of preferred stock 4,638,521 Dividends accrued 127,541 Accretion of discount for warrants 38,757 Balance at June 30, 2022 $ 4,804,819 Dividends accrued 176,447 Accretion of discount for warrants 51,676 Balance at December 31, 2022 $ 5,032,942

Non-Cash Activities for State_2

Non-Cash Activities for Statements of Cash Flows (Tables)	6 Months Ended
	Dec. 31, 2022
Supplemental Cash Flow Elements [Abstract]
Schedule of Condensed Consolidated Statements of Cash Flows for Non-Cash Activities	The below table represents supplemental information to the Company’s condensed consolidated statements of cash flows for non-cash activities during the six months ended December 31, 2022 and 2021, respectively. Six Months Ended December 31, 2022 2021 Non-cash investing activities: Contribution of intangible assets to partnership in exchange for equity investment and promissory note $ 1,750,000 $ — ROU assets financed by lease liabilities — ( 122,863 ) Non-cash financing activities: Warrants issued for financial commitment asset 802,901 — Accretion of discount for Series B preferred stock warrants 51,676 — Dividends accrued for participating securities 176,447 —

General - Additional Informatio

General - Additional Information (Details) - USD ($)		3 Months Ended	6 Months Ended	18 Months Ended
	Dec. 23, 2022	Mar. 31, 2022	Dec. 31, 2022	Jun. 30, 2025	Jun. 30, 2022
Background And Organizations [Line Items]
Percentage of sale of investment in Bioceres, S.A.		71.40%
Net proceeds from sale of marketable securities		$ 988,504	$ 400,000
Gain on sale of marketable securities		$ 68,967	$ 32,030
Trigall Australia Pty Ltd
Background And Organizations [Line Items]
Interest in joint venture	$ 2,000,000
Investment ownership percentage	20%
Gain on sale of investments	$ 1,800,000
Capital contributions to be made				$ 560,000
Trigall Australia Pty Ltd | Promissory Note
Background And Organizations [Line Items]
Promisory notes to be recieved	$ 1,000,000
Shell | Trigall Australia Pty Ltd
Background And Organizations [Line Items]
Investment ownership percentage	80%
Other Assets
Background And Organizations [Line Items]
Carrying value of investment					$ 367,980
Other Assets | Trigall Australia Pty Ltd | Promissory Note
Background And Organizations [Line Items]
Interest in joint venture	$ 1,000,000

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Details)	3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 31, 2022 USD ($) Customer	Dec. 31, 2021 USD ($) Customer	Dec. 31, 2022 USD ($) Customer shares	Dec. 31, 2021 USD ($) Customer	Jun. 30, 2022 USD ($) Customer	Feb. 08, 2023 USD ($)	Sep. 22, 2022 USD ($)
Summary Of Significant Accounting Policies [Line Items]
Cash balances located outside of the United States	$ 420,595		$ 420,595		$ 811,551
Disclosure on Geographic Areas, Fixed Assets			The net book value of fixed assets located outside the United States was 21% and 22% of total fixed assets at December 31, 2022 and June 30, 2022, respectively. Cash balances located outside of the United States may not be insured and totaled $420,595 and $811,551 at December 31, 2022 and June 30, 2022, respectively.
Net loss	5,990,593	$ 9,781,565	$ 10,505,796	$ 16,195,806
Net cash used in operations			8,399,653	8,065,824
Cash on hand	1,300,000		1,300,000
Facility outstanding amount					34,382,183
Allowance for doubtful trade receivables	180,334		180,334		233,927
Dividends accrued	88,224	$ 0	176,447	0	127,541
Accretion of discount for series B preferred stock warrants	25,838		51,676	$ 0	$ 38,757
Dividends accrued undistributed earnings to allocate to participating securities	0		$ 0
Employee Stock Options
Summary Of Significant Accounting Policies [Line Items]
Anti-dilutive shares, excluded from computation of diluted loss per share | shares			4,580,057
Restricted Stock Units (RSUs)
Summary Of Significant Accounting Policies [Line Items]
Anti-dilutive shares, excluded from computation of diluted loss per share | shares			497,921
Shares of Common Stock Related to MFP Loan Agreement
Summary Of Significant Accounting Policies [Line Items]
Anti-dilutive shares, excluded from computation of diluted loss per share | shares			1,333,400
Warrants Issued with Series B Convertible Preferred Stock
Summary Of Significant Accounting Policies [Line Items]
Anti-dilutive shares, excluded from computation of diluted loss per share | shares			559,350
CIBC
Summary Of Significant Accounting Policies [Line Items]
Facility outstanding amount	16,200,000		$ 16,200,000
Line of Credit | CIBC
Summary Of Significant Accounting Policies [Line Items]
Minimum potential liquidity raised to meet covenant compliance	$ 1,000,000		$ 1,000,000				$ 1,000,000
Line of Credit | CIBC | Subsequent Event
Summary Of Significant Accounting Policies [Line Items]
Net due from related entities covenant maximum						$ 18,500,000
Non-US
Summary Of Significant Accounting Policies [Line Items]
Concentration of risk fixed assets amount geographic area, percent of total	21%		21%		22%
Customer Concentration Risk | Revenue
Summary Of Significant Accounting Policies [Line Items]
Number of customers | Customer	1	0	1	0
Customer Concentration Risk | One Customer | Revenue
Summary Of Significant Accounting Policies [Line Items]
Concentration risk, percentage	8%		11%
Customer Concentration Risk | Significant Customer | Revenue
Summary Of Significant Accounting Policies [Line Items]
Concentration risk, percentage		10%		10%
Credit Concentration Risk | Accounts Receivable
Summary Of Significant Accounting Policies [Line Items]
Number of customers | Customer			1
Credit Concentration Risk | One Customer | Accounts Receivable
Summary Of Significant Accounting Policies [Line Items]
Concentration risk, percentage			15%
Credit Concentration Risk | Significant Customer | Accounts Receivable
Summary Of Significant Accounting Policies [Line Items]
Number of customers | Customer					0
Credit Concentration Risk | Significant Customer | Accounts Receivable | Minimum
Summary Of Significant Accounting Policies [Line Items]
Concentration risk, percentage					10%
Geographic Concentration Risk | Revenue | Non-US
Summary Of Significant Accounting Policies [Line Items]
Concentration risk, percentage	86%	81%	81%	78%

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Components of Inventory (Details) - USD ($)	Dec. 31, 2022	Jun. 30, 2022
Inventory Disclosure [Abstract]
Raw materials and supplies	$ 3,808,923	$ 2,645,764
Work in progress	11,035,458	6,677,980
Finished goods	38,107,714	45,192,150
Inventories, net	$ 52,952,095	$ 54,515,894

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Schedule of Calculation of Net Loss Per Common Share (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Jun. 30, 2022
Numerator:
Net loss attributable to S&W Seed Company	$ (5,986,005)	$ (9,795,102)	$ (10,494,946)	$ (16,195,077)
Dividends accrued for participating securities	(88,224)	0	(176,447)	0	$ (127,541)
Accretion of Series B Preferred Stock redemption value	(25,838)	0	(51,676)	0
Numerator for net loss per common share - basic and diluted	$ (6,100,067)	$ (9,795,102)	$ (10,723,069)	$ (16,195,077)
Denominator:
Weighted average shares outstanding - basic	42,651,270	38,461,049	42,627,645	37,617,457
Weighted average shares outstanding - diluted	42,651,270	38,461,049	42,627,645	37,617,457
Net loss per common share - basic	$ (0.14)	$ (0.25)	$ (0.25)	$ (0.43)
Net loss per common share - diluted	$ (0.14)	$ (0.25)	$ (0.25)	$ (0.43)

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Schedule of Assets and Liabilities Recognized and Measured at Fair Value on Recurring Basis (Details) - USD ($)	Dec. 31, 2022	Jun. 30, 2022
Level 1
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Foreign exchange contract liability	$ 0	$ 0
Total	0	0
Level 2
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Foreign exchange contract liability	1,009,469	996,106
Total	1,009,469	996,106
Level 3
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Foreign exchange contract liability	0	0
Total	$ 0	$ 0

Leases - Summary of Components

Leases - Summary of Components of Lease Assets and Liabilities (Details) - USD ($)	Dec. 31, 2022	Jun. 30, 2022
Lessee Disclosure [Abstract]
Right of use assets - operating leases	$ 4,234,241	$ 4,094,253
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Right of use assets - operating leases
Right of use assets - finance leases	$ 2,011,082
Accumulated amortization - finance leases	(1,361,998)
Right of use assets - finance leases, net	$ 649,084
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other assets
Total lease assets	$ 4,883,325
Current lease liabilities - finance leases	$ 608,663	804,309
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Current portion of long-term debt, net
Current lease liabilities - operating leases	$ 1,429,482
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued expenses and other current liabilities
Long-term portion of lease liabilities - finance leases	$ 239,238	$ 500,723
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Long-term debt, net, less current portion
Long-term portion of lease liabilities - operating leases	$ 3,078,345
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other non-current liabilities
Total lease liabilities	$ 5,355,728

Leases - Summary of Component_2

Leases - Summary of Components of Lease Cost (Details) - USD ($)	3 Months Ended	6 Months Ended
	Dec. 31, 2022	Dec. 31, 2022
Lessee Lease Description [Line Items]
Total lease costs	$ 445,713	$ 976,744
Cost of Revenue
Lessee Lease Description [Line Items]
Operating lease cost	163,389	347,249
Selling, General and Administrative Expenses
Lessee Lease Description [Line Items]
Operating lease cost	54,914	110,248
Research and Development Expenses
Lessee Lease Description [Line Items]
Operating lease cost	88,620	224,817
Depreciation and Amortization
Lessee Lease Description [Line Items]
Finance lease cost	125,949	265,639
Interest Expense
Lessee Lease Description [Line Items]
Finance lease cost	$ 12,841	$ 28,791

Leases - Summary of Maturities

Leases - Summary of Maturities of Lease Liabilities (Details)	Dec. 31, 2022 USD ($)
Operating Leases
2023	$ 907,671
2024	1,527,845
2025	1,024,653
2026	791,258
2027	509,239
Thereafter	102,165
Total lease payments	4,862,831
Less: Interest	(355,004)
Present value of lease liabilities	4,507,827
Finance Leases
2023	440,777
2024	321,631
2025	98,337
2026	23,091
Total lease payments	883,836
Less: Interest	(35,935)
Present value of lease liabilities	$ 847,901

Leases - Summary of Weighted Av

Leases - Summary of Weighted Average Assumptions on Lease Term and Discount Rate and Supplemental Cash Flow Information Related to Leases (Details)	6 Months Ended
	Dec. 31, 2022 USD ($)
Lessee Disclosure [Abstract]
Operating lease remaining lease term	3 years 6 months
Operating lease discount rate	4.14%
Finance lease remaining lease term	1 year 2 months 12 days
Finance lease discount rate	5.49%
Cash paid for operating leases	$ 603,304
Cash paid for finance leases	$ 527,384

Revenue Recognition - Additiona

Revenue Recognition - Additional Information (Details) - USD ($)	3 Months Ended	6 Months Ended
	Dec. 31, 2022	Dec. 31, 2022	Dec. 31, 2021
Revenue Recognition [Line Items]
Maximum term of payments for transfer goods and services		1 year
Bad debt expense	$ 30,212	$ (125,209)	$ 221,163
Revenue recognized		$ 600,000	$ 400,000
Minimum
Revenue Recognition [Line Items]
Term of customer invoice payment		30 days
Maximum
Revenue Recognition [Line Items]
Term of customer invoice payment		180 days

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of Revenue (Details) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Disaggregation Of Revenue [Line Items]
Total revenue	$ 12,937,802	$ 12,631,409	$ 32,803,667	$ 28,163,090
Seed Sales
Disaggregation Of Revenue [Line Items]
Total revenue	12,834,831	11,818,392	32,672,618	26,723,793
Services
Disaggregation Of Revenue [Line Items]
Total revenue	$ 102,971	$ 813,017	$ 131,049	$ 1,439,297

Revenue Recognition - Schedule

Revenue Recognition - Schedule of Revenues and Percentage of Revenue from External Customers by Country (Details) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
Revenues from external customers	$ 12,937,802	$ 12,631,409	$ 32,803,667	$ 28,163,090
Revenue from external customers by country, percentage	100%	100%	100%	100%
Saudi Arabia
Disaggregation of Revenue [Line Items]
Revenues from external customers	$ 2,165,680	$ 1,680,546	$ 7,337,966	$ 5,147,756
Revenue from external customers by country, percentage	17%	13%	22%	18%
United States
Disaggregation of Revenue [Line Items]
Revenues from external customers	$ 1,843,826	$ 2,404,078	$ 6,104,580	$ 6,069,406
Revenue from external customers by country, percentage	14%	19%	19%	22%
Australia
Disaggregation of Revenue [Line Items]
Revenues from external customers	$ 2,501,634	$ 2,245,847	$ 5,059,366	$ 5,679,852
Revenue from external customers by country, percentage	19%	18%	15%	20%
Libya
Disaggregation of Revenue [Line Items]
Revenues from external customers	$ 1,162	$ 44,000	$ 2,999,209	$ 1,088,000
Revenue from external customers by country, percentage	0%	0%	9%	4%
Mexico
Disaggregation of Revenue [Line Items]
Revenues from external customers	$ 1,799,590	$ 94,000	$ 2,530,690	$ 322,420
Revenue from external customers by country, percentage	14%	1%	8%	1%
Sudan
Disaggregation of Revenue [Line Items]
Revenues from external customers	$ 1,508,599		$ 2,310,643	$ 819,618
Revenue from external customers by country, percentage	12%	0%	7%	3%
Pakistan
Disaggregation of Revenue [Line Items]
Revenues from external customers	$ 531,471	$ 2,067,506	$ 1,353,091	$ 2,231,561
Revenue from external customers by country, percentage	4%	16%	4%	8%
South Africa
Disaggregation of Revenue [Line Items]
Revenues from external customers	$ 933,927	$ 1,378,781	$ 933,927	$ 1,378,781
Revenue from external customers by country, percentage	7%	11%	3%	5%
Argentina
Disaggregation of Revenue [Line Items]
Revenues from external customers	$ 443,474	$ 1,058,308	$ 806,452	$ 1,409,147
Revenue from external customers by country, percentage	3%	8%	2%	5%
Algeria
Disaggregation of Revenue [Line Items]
Revenues from external customers		$ 186,000	$ 754,680	$ 186,000
Revenue from external customers by country, percentage	0%	1%	2%	1%
Other
Disaggregation of Revenue [Line Items]
Revenues from external customers	$ 1,208,439	$ 1,472,343	$ 2,613,063	$ 3,830,549
Revenue from external customers by country, percentage	9%	12%	8%	14%

Intangible Assets - Additional

Intangible Assets - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 581,212	$ 601,649	$ 1,171,208	$ 1,206,138	$ 2,401,376

Intangible Assets - Schedule of

Intangible Assets - Schedule of Intangible Assets (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Jun. 30, 2022
Finite Lived Intangible Assets [Line Items]
Intangible asset			$ 34,095,827	$ 37,130,942	$ 37,130,942
Other Additions and Disposals/ Transfer					0
Intangible amortization expense	$ (581,212)	$ (601,649)	(1,171,208)	(1,206,138)	(2,401,376)
Intangible currency translation adjustment			(87,442)		(633,739)
Intangible asset	30,951,270		30,951,270		34,095,827
Trigall Australia
Finite Lived Intangible Assets [Line Items]
Other Additions and Disposals/ Transfer			(1,885,907)
Trade Name
Finite Lived Intangible Assets [Line Items]
Intangible asset			1,084,791	1,310,489	1,310,489
Other Additions and Disposals/ Transfer					0
Intangible amortization expense			(98,148)		(203,009)
Intangible currency translation adjustment			(3,290)		(22,689)
Intangible asset	983,353		983,353		1,084,791
Trade Name | Trigall Australia
Finite Lived Intangible Assets [Line Items]
Other Additions and Disposals/ Transfer			0
Customer Relationships
Finite Lived Intangible Assets [Line Items]
Intangible asset			5,499,815	6,302,591	6,302,591
Other Additions and Disposals/ Transfer					0
Intangible amortization expense			(176,526)		(373,393)
Intangible currency translation adjustment			(59,071)		(429,383)
Intangible asset	5,264,218		5,264,218		5,499,815
Customer Relationships | Trigall Australia
Finite Lived Intangible Assets [Line Items]
Other Additions and Disposals/ Transfer			0
Non-compete
Finite Lived Intangible Assets [Line Items]
Intangible asset			0	5,058	5,058
Other Additions and Disposals/ Transfer					0
Intangible amortization expense					(5,058)
Intangible currency translation adjustment					0
Intangible asset					0
GI Customer list
Finite Lived Intangible Assets [Line Items]
Intangible asset			42,983	50,146	50,146
Other Additions and Disposals/ Transfer					0
Intangible amortization expense			(3,582)		(7,163)
Intangible currency translation adjustment			0		0
Intangible asset	39,401		39,401		42,983
GI Customer list | Trigall Australia
Finite Lived Intangible Assets [Line Items]
Other Additions and Disposals/ Transfer			0
Supply Agreement
Finite Lived Intangible Assets [Line Items]
Intangible asset			775,241	850,874	850,874
Other Additions and Disposals/ Transfer					0
Intangible amortization expense			(37,817)		(75,633)
Intangible currency translation adjustment			0		0
Intangible asset	737,424		737,424		775,241
Supply Agreement | Trigall Australia
Finite Lived Intangible Assets [Line Items]
Other Additions and Disposals/ Transfer			0
Grower Relationships
Finite Lived Intangible Assets [Line Items]
Intangible asset			1,331,581	1,436,988	1,436,988
Other Additions and Disposals/ Transfer					0
Intangible amortization expense			(52,703)		(105,407)
Intangible currency translation adjustment			0		0
Intangible asset	1,278,878		1,278,878		1,331,581
Grower Relationships | Trigall Australia
Finite Lived Intangible Assets [Line Items]
Other Additions and Disposals/ Transfer			0
Intellectual Property
Finite Lived Intangible Assets [Line Items]
Intangible asset			23,035,925	24,427,857	24,427,857
Other Additions and Disposals/ Transfer					0
Intangible amortization expense			(692,933)		(1,391,932)
Intangible currency translation adjustment			0		0
Intangible asset	22,342,992		22,342,992		23,035,925
Intellectual Property | Trigall Australia
Finite Lived Intangible Assets [Line Items]
Other Additions and Disposals/ Transfer			0
License agreement
Finite Lived Intangible Assets [Line Items]
Intangible asset			1,986,598	2,340,269	2,340,269
Other Additions and Disposals/ Transfer					0
Intangible amortization expense			(75,610)		(172,004)
Intangible currency translation adjustment			(25,081)		(181,667)
Intangible asset	0		0		1,986,598
License agreement | Trigall Australia
Finite Lived Intangible Assets [Line Items]
Other Additions and Disposals/ Transfer			(1,885,907)
Internal use software
Finite Lived Intangible Assets [Line Items]
Intangible asset			338,893	$ 406,670	406,670
Other Additions and Disposals/ Transfer					0
Intangible amortization expense			(33,889)		(67,777)
Intangible currency translation adjustment			0		0
Intangible asset	$ 305,004		305,004		$ 338,893
Internal use software | Trigall Australia
Finite Lived Intangible Assets [Line Items]
Other Additions and Disposals/ Transfer			$ 0

Intangible Assets - Intangible

Intangible Assets - Intangible Assets (Future Amortization) (Details)	Dec. 31, 2022 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2023	$ 1,080,323
2024	2,160,322
2025	2,119,891
2026	1,979,781
2027	1,928,897
Thereafter	$ 21,682,056

Property, Plant and Equipment -

Property, Plant and Equipment - Components of Property, Plant and Equipment (Details) - USD ($)	Dec. 31, 2022	Jun. 30, 2022
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	$ 26,891,426	$ 27,105,768
Less: accumulated depreciation	(11,184,855)	(10,234,099)
Property, plant and equipment, net	15,706,571	16,871,669
Land and improvements
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	2,260,672	2,265,087
Buildings and improvements
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	8,130,736	8,119,960
Machinery and Equipment
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	14,839,714	14,972,462
Vehicles
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	1,082,908	1,085,342
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	552,811	552,810
Construction in progress
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	$ 24,585	$ 110,107

Property, Plant and Equipment_2

Property, Plant and Equipment - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 546,743	$ 614,078	$ 1,153,491	$ 1,184,588

Debt - Schedule of Total Debt O

Debt - Schedule of Total Debt Outstanding (Details) - USD ($)	Dec. 31, 2022	Jun. 30, 2022
Current portion of working capital lines of credit
Total current portion of working capital lines of credit, net	$ 41,410,217	$ 12,678,897
Long-term portion of working capital lines of credit, less current portion
Total long-term portion of working capital lines of credit	0	21,703,286
Total working capital lines of credit, net		34,382,183
Current portion of long-term debt
Finance leases, Current	608,663	804,309
Total current portion, net	7,743,900	8,316,783
Long-term debt, less current portion
Finance leases, Noncurrent	239,238	500,723
Total long-term portion, net	3,731,856	3,992,540
Total debt, net	11,475,756	12,309,323
CIBC
Current portion of working capital lines of credit
Total current portion of working capital lines of credit, net	16,207,360	12,804,611
Long-term portion of working capital lines of credit, less current portion
Total working capital lines of credit, net	16,200,000
National Australia Bank Limited
Current portion of working capital lines of credit
Total current portion of working capital lines of credit, net	24,473,556	338,314
Long-term portion of working capital lines of credit, less current portion
Total long-term portion of working capital lines of credit		21,703,286
Total working capital lines of credit, net	41,410,217
National Australia Bank Limited Overdraft Facility
Current portion of working capital lines of credit
Total current portion of working capital lines of credit, net	1,160,587	0
CIBC and NAB
Current portion of long-term debt
Debt issuance costs,Current	(431,286)	(464,028)
Term Loan Long Term Current | National Australia Bank Limited
Current portion of long-term debt
Secured Debt, Current	340,250	344,400
Machinery & Equipment Loans Long Term Current | National Australia Bank Limited
Current portion of long-term debt
Secured Debt, Current	254,414	246,547
Machinery & Equipment Loans Long Term Current | Hyster
Current portion of long-term debt
Secured Debt, Current	11,957	11,834
Long-term debt, less current portion
Secured Long-term Debt, Noncurrent	22,331	28,722
Rooster RE Short
Current portion of long-term debt
Debt issuance costs,Current	(39,574)	(36,643)
Secured Debt, Current	6,527,849	6,905,995
Vehicle Loans | Ford Credit
Current portion of long-term debt
Secured Debt, Current	40,341	40,341
Long-term debt, less current portion
Secured Long-term Debt, Noncurrent	65,934	88,583
Debt issuance costs, Noncurrent		(21)
Term Loan Long Term Non Current | National Australia Bank Limited
Long-term debt, less current portion
Secured Long-term Debt, Noncurrent	2,381,750	2,410,800
Machinery & Equipment Loans long Term | National Australia Bank Limited
Long-term debt, less current portion
Secured Long-term Debt, Noncurrent	$ 1,022,603	$ 963,733

Debt - CIBC Credit Facility - A

Debt - CIBC Credit Facility - Additional Information (Details) - USD ($)	Oct. 28, 2022	May 13, 2022	Dec. 26, 2019	Dec. 31, 2022	Sep. 22, 2022
Line Of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity					$ 9,000,000
CIBC
Line Of Credit Facility [Line Items]
Line of credit and security agreement date			Dec. 26, 2019
Line of credit facility, maximum borrowing capacity			$ 35,000,000	$ 4,800,000
Borrowing base value of an eligible inventory sublimit	$ 12,000,000	$ 9,000,000
CIBC | Line of Credit
Line Of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	$ 21,000,000	$ 18,000,000
Minimum potential liquidity raised to meet covenant compliance				$ 1,000,000	$ 1,000,000

Debt - Rooster Note - Additiona

Debt - Rooster Note - Additional Information (Details) - Conterra - USD ($) $ in Millions	Feb. 06, 2023	Dec. 23, 2022	Nov. 30, 2017
Line Of Credit Facility [Line Items]
Debt instrument, interest rate		9.25%	7.75%
Subsequent Event
Line Of Credit Facility [Line Items]
Outstanding principal and accrued interest paid off	$ 7

Debt - NAB Facilities - Additio

Debt - NAB Facilities - Additional Information (Details)	6 Months Ended
	Dec. 31, 2022 USD ($)	Feb. 08, 2023 USD ($)	Dec. 31, 2022 AUD ($)	Oct. 25, 2022 AUD ($)	Sep. 22, 2022 USD ($)	Jun. 30, 2022 USD ($)
Line Of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity					$ 9,000,000
Facility outstanding amount						$ 34,382,183
Master Asset Finance Facility
Line Of Credit Facility [Line Items]
Facility outstanding amount	$ 2,900,000		$ 4,300,000
Net due from related entities covenant maximum				$ 25,000,000
Master Asset Finance Facility | Subsequent Event
Line Of Credit Facility [Line Items]
Net due from related entities covenant maximum		$ 18,500,000
National Australia Bank Limited
Line Of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	10,200,000		15,000,000
Facility outstanding amount	41,410,217
National Australia Bank Limited | Borrowing Base Line | Minimum
Line Of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	21,800,000		32,000,000
National Australia Bank Limited | Borrowing Base Line | Maximum
Line Of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	27,200,000		40,000,000
National Australia Bank Limited | Overdraft Credit | Minimum
Line Of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	700,000		1,000,000
National Australia Bank Limited | Overdraft Credit | Maximum
Line Of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	$ 1,400,000		2,000,000
National Australia Bank Limited | Master Asset Finance Facility
Line Of Credit Facility [Line Items]
Line of credit facility, termination date	Sep. 29, 2023
Line of credit facility, expiration extended period	1 year
National Australia Bank Ltd Facility
Line Of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	$ 33,300,000		$ 49,000,000
National Australia Bank Ltd Facility | Line of Credit
Line Of Credit Facility [Line Items]
Net due from related entities covenant maximum				$ 25,000,000

Debt - MFP Loan Agreement - Add

Debt - MFP Loan Agreement - Additional Information (Details) - USD ($)			3 Months Ended	6 Months Ended
	Oct. 28, 2022	Sep. 22, 2022	Dec. 31, 2022	Dec. 31, 2022
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity		$ 9,000,000
Subordinated loan & security agreement warrants			$ 656,427	$ 802,901
Standby Letters of Credit
Line of Credit Facility [Line Items]
Debt face amount	$ 12,000,000	$ 9,000,000
MFP Loan Agreement
Line of Credit Facility [Line Items]
Debt instrument, maturity date		Nov. 30, 2025
Line of credit facility, maximum borrowing capacity	$ 12,000,000	$ 9,000,000
Line of credit facility, unused capacity commitment fee percentage		3.50%
Debt instrument, percentage of interest payable in cash		50%
Debt instrument, percentage of interest paid in kind		50%
Warrant exercise price per share	$ 1.60	$ 1.60
Warrant expiration term	5 years	5 years
MFP Loan Agreement | Letter of Credit
Line of Credit Facility [Line Items]
Debt instrument, maturity date		Jan. 23, 2023
MFP Loan Agreement | Reference Rate Floor
Line of Credit Facility [Line Items]
Debt instrument, interest rate		1.25%
MFP Loan Agreement | SOFR
Line of Credit Facility [Line Items]
Basis spread on variable rate		9.25%

Debt - Schedule of Annual Matur

Debt - Schedule of Annual Maturities of Long-Term Debt Excluding Finance Lease Liabilites (Details)	Dec. 31, 2022 USD ($)
Debt Disclosure [Abstract]
2023	$ 6,699,960
2024	675,326
2025	585,624
2026	2,351,682
2027	164,072
Thereafter	190,765
Total	$ 10,667,429

Foreign Currency Forward Cont_2

Foreign Currency Forward Contracts and Options - Additional Information (Details)	3 Months Ended		6 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2022 AUD ($)	Jun. 30, 2022 USD ($)
Foreign Currency Forward Contracts and Options [Line Items]
Foreign exchange contract liability	$ 1,009,469		$ 1,009,469			$ 996,106
Gain (losses) on foreign exchange contracts	(176,624)	$ (258,482)	(367,539)	$ (421,028)
Options intrinsic value	0		$ 0
Prepaid Expenses and Other Current Assets
Foreign Currency Forward Contracts and Options [Line Items]
Option premiums value					$ 42,080
Minimum
Foreign Currency Forward Contracts and Options [Line Items]
Foreign currency maturity term			2023-01
Maximum
Foreign Currency Forward Contracts and Options [Line Items]
Foreign currency maturity term			2023-06
Foreign Currency Forward Contracts
Foreign Currency Forward Contracts and Options [Line Items]
Foreign currency forward contracts, notional value	18,760,948		$ 18,760,948
Gain (losses) on foreign exchange contracts	$ 484,518	$ (13,256)	$ (19,466)	$ (252,059)
Foreign Currency Options
Foreign Currency Forward Contracts and Options [Line Items]
Foreign currency forward contracts, notional value					$ 8,451,123

Equity - Additional Information

Equity - Additional Information (Details) - MFP Loan Agreement - USD ($)			6 Months Ended
	Oct. 28, 2022	Sep. 22, 2022	Dec. 31, 2022	Dec. 22, 2022
Class Of Stock [Line Items]
Warrants to purchase of common stock	166,700	500,000	1,333,400	666,700
Warrant exercise price per share	$ 1.60	$ 1.60
Warrant expiration term	5 years	5 years
Warrants capitalized			$ 802,901
Interest expense amortized			$ 291,487

Equity-Based Compensation - Add

Equity-Based Compensation - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Jun. 30, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Options granted			787,502
Stock-based compensation, total compensation cost not yet recognized, period for recognition			1 year 11 months 4 days
Stock-based compensation	$ 305,894	$ 1,014,203	$ 762,006	$ 1,418,515
Restricted Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period			3 years
Stock-based compensation, total compensation cost not yet recognized, period for recognition			1 year 8 months 19 days
Number of restricted stock units issued			431,704		304,421
Fair value of awards granted			$ 443,375	$ 829,780
Unrecognized stock compensation expense related to restricted stock grants	$ 546,369		$ 546,369
Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Exercise price, upper range Limit			$ 1.04
Maximum | Stock Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period			3 years
Maximum | Restricted Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period			3 years
Minimum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Exercise price, lower range limit			$ 0.81
Minimum | Stock Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period			1 year
Minimum | Restricted Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period			1 year
2019 Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares available for issuance of grants	2,198,793		2,198,793
2009 and 2019 Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock options granted, weighted average grant date fair value	$ 0.47		$ 0.47
Unrecognized stock compensation expense, net of estimated forfeitures, related to options	$ 1,019,195		$ 1,019,195

Equity-Based Compensation - Sch

Equity-Based Compensation - Schedule of Weighted Average Assumptions (Details)	6 Months Ended	12 Months Ended
	Dec. 31, 2022	Jun. 30, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Risk free rate, minimum	2.87%	0.80%
Risk free rate, maximum	4.41%	1.10%
Dividend yield	0%	0%
Volatility, minimum	64.70%	61.80%
Volatility, maximum	66.10%	62.40%
Average forfeiture assumptions	8.70%	2.80%

Equity-Based Compensation - Sum

Equity-Based Compensation - Summary Of Stock Option Activity (Details) - USD ($)	6 Months Ended	12 Months Ended
	Dec. 31, 2022	Jun. 30, 2022	Jun. 30, 2021
Share-Based Payment Arrangement [Abstract]
Options, Outstanding as of beginning of period	4,637,100	3,776,568
Options, Granted	787,502	994,725
Options, Exercised		(38,774)
Options, Canceled/forfeited/expired	(844,545)	(95,419)
Options, Outstanding as of end of period	4,580,057	4,637,100	3,776,568
Options, vested and exercisable at end of period	3,048,678
Options, vested and expected to vest	4,568,721
Weighted-Average Exercise Prices, Outstanding as of beginning of period	$ 2.64	$ 2.65
Weighted-Average Exercise Prices, Granted	0.87	2.63
Weighted-Average Exercise Prices, Exercised	0	2.33
Weighted-Average Exercise Prices, Canceled/forfeited/expired	2.79	2.82
Weighted-Average Exercise Prices, Outstanding as of end of period	2.31	$ 2.64	$ 2.65
Weighted-Average Exercise Prices, vested and exercisable	2.63
Weighted-Average Exercise Price, vested and expected to vest	$ 2.31
Options Outstanding, Weighted-Average Remaining Contractual Term (in years)	7 years 2 months 12 days	6 years 7 months 6 days	8 years
Weighted-Average Remaining Contractual Term (in years), vested and exercisable	6 years 2 months 12 days
Weighted-Average Remaining Contractual Term (in years), vested and expected to vest	7 years 2 months 12 days
Options, Outstanding, Aggregate Intrinsic Value	$ 491,508		$ 3,962,766
Options, vested and exercisable, Aggregate Intrinsic Value	1,875
Options, vested and expected to vest, Aggregate Intrinsic Value	$ 486,844

Equity-Based Compensation - S_2

Equity-Based Compensation - Summary of Activity Related to Non-Vested Restricted Stock Units (Details) - Restricted Stock Units - $ / shares	6 Months Ended	12 Months Ended
	Dec. 31, 2022	Jun. 30, 2022	Jun. 30, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Nonvested Restricted Stock Units Outstanding, Beginning	267,919	361,570
Number of Nonvested Restricted Stock Units, Granted	431,704	304,421
Number of Nonvested Restricted Stock Units, Vested	(192,952)	(391,036)
Number of Nonvested Restricted Stock Units, Forfeited	(8,750)	(7,036)
Number of Nonvested Restricted Stock Units Outstanding, Ending	497,921	267,919	361,570
Weighted-Average Grant Date Fair Value, Beginning	$ 2.66	$ 2.51
Weighted-Average Grant Date Fair Value, Granted	1.03	2.78
Weighted-Average Grant Date Fair Value, Vested	2.72	2.62
Weighted-Average Grant Date Fair Value, Forfeited	2.50	2.35
Weighted-Average Grant Date Fair Value, Ending	$ 1.22	$ 2.66	$ 2.51
Weighted-Average Remaining Contractual Life (Years)	1 year 8 months 12 days	1 year 2 months 12 days	1 year 3 months 18 days

Series B Convertible Preferre_3

Series B Convertible Preferred Stock - Additional Information (Details)	6 Months Ended
	Dec. 31, 2022 shares
MEZZANINE EQUITY
Temporary Equity [Line Items]
Issuances and conversion of preferred stock to common stock	0

Series B Convertible Preferre_4

Series B Convertible Preferred Stock - Summary of Changes to Series B Convertible Preferred Stock (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Jun. 30, 2022
Temporary Equity Disclosure [Abstract]
Mezzanine Equity Beginning Balance, amount			$ 4,804,819
Issuance of preferred stock					$ 4,638,521
Dividends accrued	$ 88,224	$ 0	176,447	$ 0	127,541
Accretion of discount for warrants	25,838		51,676	$ 0	38,757
Mezzanine Equity Ending Balance, amount	$ 5,032,942		$ 5,032,942		$ 4,804,819

Non-Cash Activities for State_3

Non-Cash Activities for Statements of Cash Flows - Schedule of Condensed Consolidated Statements of Cash Flows for Non-Cash Activities (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Jun. 30, 2022
Non-cash investing activities:
Contribution of intangible assets to joint venture in exchange for equity investment and promissory note			$ 1,750,000	$ 0
ROU assets financed by lease liabilities			0	(122,863)
Non-cash financing activities:
Warrants issued for financial commitment asset			802,901	0
Accretion of discount for series B preferred stock warrants	$ 25,838		51,676	0	$ 38,757
Dividends accrued for participating securities	$ 88,224	$ 0	$ 176,447	$ 0	$ 127,541

Subsequent Events - Additional

Subsequent Events - Additional Information (Details) $ in Millions, $ in Millions	Feb. 06, 2023 USD ($)	Feb. 08, 2023 USD ($)	Oct. 25, 2022 AUD ($)
Master Asset Finance Facility
Subsequent Event [Line Items]
Net due from related entities covenant maximum			$ 25
Subsequent Event | Master Asset Finance Facility
Subsequent Event [Line Items]
Net due from related entities covenant maximum		$ 18.5
Subsequent Event | Shell
Subsequent Event [Line Items]
Purchase membership interest percentage	6%
Payment made to parent in exchange for ownership interest	$ 7
Subsequent Event | Shell | Minimum
Subsequent Event [Line Items]
Purchase additional interest in joint venture	7.1
Subsequent Event | Shell | Maximum
Subsequent Event [Line Items]
Purchase additional interest in joint venture	$ 12
Subsequent Event | Vision Bioenergy
Subsequent Event [Line Items]
Ownership interest	34%
Additional ownership percentage	10%
Subsequent Event | Vision Bioenergy | Shell
Subsequent Event [Line Items]
Ownership interest	66%
Contribution made in exchange for ownership interest	$ 13
Additional contribution agreed to fund joint venture in 1 year	6
Additional payment made to parent in exchange for ownership interest	$ 12