RELATED PARTY TRANSACTIONS
|3 Months Ended|
Mar. 31, 2023
|Related Party Transactions [Abstract]|
|RELATED PARTY TRANSACTIONS||
NOTE 13: RELATED PARTY TRANSACTIONS
In December 2019, Wholesome entered into a partnership agreement to form WS Services, LLC (“WS Services”), in which Wholesome received a 50% interest and accounts for the partnership as an equity method investment. Wholesome’s investment in the partnership, which is classified as other assets in the condensed consolidated balance sheets, was $0.7 million as of both March 31, 2023 and December 31, 2022. Wholesome utilizes a warehouse leased by WS Services for storage of raw materials. During the three months ended March 31, 2023 and 2022, the Company expensed $0.2 million and $0.3 million, respectively, related to the use of the warehouse space. The Company recorded a payable to WS Services for $0.1 million as of both March 31, 2023 and December 31, 2022.
The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef