Inventories |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2024 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Inventory Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Inventories |
Note 3. Inventories
Inventories consist of the following at December 31, 2024 and September 30, 2024:
The Company records its inventory at the lower of cost or net realizable value. For the three months ended December 31, 2024 and 2023, the Company recorded $7,359 and $10,846, respectively, for adjustments to reduce inventory to net realizable value, within Operating expenses. The adjustment for the three months ended December 31, 2024 was due to a lower than anticipated harvest of the Early and Mid-Season crop and a reduction in our estimate for the Valencia harvest, as a result of Hurricane Milton, which hit in October 2024. The inventory adjustment at December 31, 2023 was the result of the continued weak recovery from the impacts of Hurricane Ian which hit in September 2022.
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- References No definition available.
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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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