RELATED PARTY TRANSACTIONS
|6 Months Ended|
Jun. 30, 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 sheet, was $0.7 million as of both June 30, 2023 and December 31, 2022. Wholesome utilizes a warehouse leased by WS Services for storage of raw materials. During the three and six months ended June 30, 2023 and 2022, the Company expensed $0.2 million, $0.4 million, $0.2 million, and $0.5 million respectively, related to the use of the warehouse space. The Company recorded a payable to WS Services for $0.1 million as of December 31, 2022. There was no liability as of June 30, 2023.
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