Annual report pursuant to Section 13 and 15(d)

ACQUISITIONS (Details)

v3.23.1
ACQUISITIONS (Details)
€ in Millions
 1 Months Ended 12 Months Ended
Dec. 29, 2021
USD ($)
Nov. 17, 2021
USD ($)
Apr. 15, 2021
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2021
EUR (€)
Nov. 30, 2021
USD ($)
Apr. 30, 2021
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Assets                  
Cash and cash equivalents       $ 417,043         $ 417,043
Accounts receivable       1,094,894         1,094,894
Prepaid expense and other current assets       1,094,894         1,094,894
Property, plant, and equipment       817,064         817,064
Goodwill       8,777,440       $ 9,470,699 8,777,440
Liabilities                  
Accounts payable and accrued liabilities       (2,332,224)         (2,332,224)
Long term liabilities       (619,293)         (619,293)
Deferred tax liabilities       (2,744,814)         (2,744,814)
Total fair value of net assets acquired       15,724,504         15,724,504
Less: Cash acquired                 (417,043)
Total fair value of consideration transferred, net of cash acquired                 15,307,461
Goodwill [Member]                  
Assets                  
Goodwill       8,777,440         8,777,440
Preliminary                  
Assets                  
Cash and cash equivalents               151,188  
Accounts receivable               1,094,894  
Prepaid expense and other current assets               1,094,894  
Property, plant, and equipment               598,619  
Goodwill               3,572,941  
Liabilities                  
Accounts payable and accrued liabilities               (1,687,947)  
Long term liabilities               (619,293)  
Deferred tax liabilities               (1,623,599)  
Total fair value of net assets acquired               8,261,197  
Less: Cash acquired               (151,188)  
Total fair value of consideration transferred, net of cash acquired               8,110,009  
Adjustments                  
Assets                  
Accounts receivable               (680,340)  
Goodwill               1,547,459  
Liabilities                  
Accounts payable and accrued liabilities               (867,119)  
Deferred tax liabilities               0  
As Adjusted                  
Assets                  
Cash and cash equivalents               151,188  
Accounts receivable               414,554  
Prepaid expense and other current assets               1,094,894  
Goodwill               5,120,400  
Liabilities                  
Accounts payable and accrued liabilities               (2,555,066)  
Long term liabilities               (619,293)  
Deferred tax liabilities               (1,623,599)  
Total fair value of net assets acquired               8,261,197  
Less: Cash acquired               (151,188)  
Total fair value of consideration transferred, net of cash acquired               8,110,009  
Entira, Inc                  
Assets                  
Cash and cash equivalents   $ 2,100              
Property, plant, and equipment   33,000              
Liabilities                  
Accounts payable and accrued liabilities   (300,000)              
Deferred tax liabilities   (130,723)              
Total fair value of net assets acquired   2,463,307              
Less: Cash acquired   (2,100)              
Total fair value of consideration transferred, net of cash acquired   2,461,207       $ 2,500,000      
Entira, Inc | Goodwill [Member]                  
Assets                  
Goodwill   $ 2,858,930              
Camelina Company Espana SL                  
Assets                  
Cash and cash equivalents $ 151,188                
Accounts receivable 1,094,894                
Prepaid expense and other current assets 1,094,894                
Property, plant, and equipment 598,619                
Goodwill       10,300,000         10,300,000
Liabilities                  
Accounts payable and accrued liabilities (1,687,947)                
Long term liabilities (619,293)                
Deferred tax liabilities (1,623,599)                
Total fair value of net assets acquired 8,261,197                
Less: Cash acquired (151,188)                
Total fair value of consideration transferred, net of cash acquired 8,110,009     8,300,000 € 7.3        
Camelina Company Espana SL | Goodwill [Member]                  
Assets                  
Goodwill 3,572,941                
Agribody Technologies, Inc.                  
Assets                  
Cash and cash equivalents     $ 263,755            
Property, plant, and equipment     185,445            
Liabilities                  
Accounts payable and accrued liabilities     (344,277)            
Deferred tax liabilities     (990,492)            
Total fair value of net assets acquired     5,000,000            
Less: Cash acquired     (263,755)            
Total fair value of consideration transferred, net of cash acquired     4,736,245       $ 5,000,000    
Agribody Technologies, Inc. | Goodwill [Member]                  
Assets                  
Goodwill     2,345,569            
Patents                  
Assets                  
Assets acquired       3,450,000         3,450,000
Patents | As Adjusted                  
Assets                  
Property, plant, and equipment               598,619  
Patents | Agribody Technologies, Inc.                  
Assets                  
Assets acquired     3,450,000            
Developed seed variant technology                  
Assets                  
Assets acquired       5,679,500         5,679,500
Developed seed variant technology | Preliminary                  
Assets                  
Assets acquired               5,679,500  
Developed seed variant technology | As Adjusted                  
Assets                  
Assets acquired               $ 5,679,500  
Developed seed variant technology | Camelina Company Espana SL                  
Assets                  
Assets acquired $ 5,679,500                
Trade name                  
Assets                  
Assets acquired       $ 90,000         $ 90,000
Trade name | Agribody Technologies, Inc.                  
Assets                  
Assets acquired     $ 90,000