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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 
2026835 
2027807 
2028669 
2029669 
Thereafter7,963 
Total$11,778