Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 Amendments

INVENTORIES

v3.24.2.u1
INVENTORIES
 6 Months Ended
Jun. 30, 2024
Classes of current inventories [abstract]  
INVENTORIES [Text Block]
NOTE 3:-
INVENTORIES
 
The following is a breakdown of inventory as of June 30, 2024:
 
   
June 30, 2024
  
   
Capitalized costs
    
Fair valuation adjustment, net
    
Carrying value
  
Work in progress:
                  
Bulk cannabis
  
$
2,224
    
$
-
    
$
2,224
  
Finished goods
                        
Packaged dried cannabis
    
2,964
      
25
      
2,989
  
Other products
    
506
      
-
      
506
  
                         
Balance as of June 30, 2024
  
$
5,694
    
$
25
    
$
5,719
  
 
The following is a breakdown of inventory as of December 31, 2023:
 
   
December 31, 2023
  
   
Capitalized costs
    
Fair valuation adjustment, net
    
Carrying value
  
Work in progress:
                  
Bulk cannabis
  
$
3,735
    
$
-
    
$
3,735
  
Finished goods:
                        
Packaged dried cannabis
    
4,667
      
984
      
5,651
  
Other products
    
590
      
-
      
590
  
                         
Balance as of December 31, 2023
  
$
8,992
    
$
984
    
$
9,976
  
 
During the six months ended June 30, 2024, and 2023, inventory expensed to cost of goods sold of cannabis products was $22,586 and $17,716, respectively, which included $25 and $617 of non-cash expense, respectively, related to the changes in fair value of inventory sold.
 
Cost of revenues in six months period ended June 30, 2024 and 2023, also include production overhead not allocated to costs of inventories produced and recognized as an expense as incurred.