XML 52 R19.htm IDEA: XBRL DOCUMENT
v3.25.0.1

GOODWILL AND INTANGIBLES | 12 Months Ended
--- | ---
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLES | GOODWILL AND INTANGIBLES As of December 31, 2024 and December 31, 2023, goodwill was approximately $71.6 million and $14.2 million, respectively. The balance as of December 31, 2024 included additional goodwill of $58.3 million which was recognized as part of the business combination described in Note 17. Acquisition. The carrying amount and accumulated amortization of intangible assets, net of the impact of foreign exchange rate fluctuations as of December 31, 2024 and December 31, 2023, were as follows:
| Estimated Useful Life in Years |  | December 31, 2024 |  | December 31, 2023
Definite-lived intangible assets |  |  |  |  |
Customer relationships | 6-25 |  | $ | 13,970 |  |  | $ | 13,911 |
Trade name | 3 |  | 500 |  |  | — |
Less: accumulated amortization |  |  | (2,692) |  |  | (2,233) |
Definite-lived intangible assets, net |  |  | $ | 11,778 |  |  | $ | 11,678 |
Indefinite-lived intangible assets |  |  |  |  |
Brands |  |  | $ | 435 |  |  | $ | 461 |
Intangibles-net |  |  | $ | 12,213 |  |  | $ | 12,139 |
As of December 31, 2024 and December 31, 2023, there were no indicators of goodwill or intangible asset impairment, while in 2022, an intangible asset impairment was recorded related to the Func Food brand for $2.4 million. Amortization expense for the years ended December 31, 2024, 2023 and 2022 was approximately $0.6 million, $0.5 million and $0.5 million, respectively. Amortization expense is included in selling, general and administrative expenses. The following is the future estimated annualized amortization expense related to customer relationships and certain trade names:
2025 |  | $ | 835 |
2026 |  | 835 |
2027 |  | 807 |
2028 |  | 669 |
2029 |  | 669 |
Thereafter |  | 7,963 |
Total |  | $ | 11,778 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration