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GOODWILL AND INTANGIBLES (Tables)
 9 Months Ended
Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill Goodwill consisted of the following:
Goodwill
Balance at December 31, 2024
$71,582
Alani Nu Acquisition
731,812
Rockstar Acquisition
109,827
Foreign currency translation
1,736
Balance at September 30, 2025
$914,957
Schedule of Finite-Lived Intangible Assets The carrying amounts and accumulated amortization of intangible assets, net of the impact of foreign exchange rate fluctuations, as
of September 30, 2025 and December 31, 2024 were as follows:
Estimated Useful
Life in Years
September 30, 2025
December 31, 2024
Definite-lived intangible assets
Customer relationships
5 - 25
$132,171
$13,970
Brands
3
500
500
Less: accumulated amortization
(14,857)
(2,692)
Definite-lived intangible assets, net
$117,814
$11,778
Indefinite-lived intangibles assets
Brands
indefinite
$1,280,487
$435
Less: impairment[1]
(482)
—
Indefinite-lived intangible assets
$1,280,005
$435
Brands-net
$1,280,353
$907
Customer relationships-net
$117,466
$11,306
[1] During the second quarter of 2025, the Company reassessed the remaining carrying value of the Func Foods brand name intangible asset. The Company
recorded a non-cash impairment charge of $0.5 million (including the impact of foreign exchange) to fully write off the remaining carrying amount of the
Func Foods brand name. This charge is included within other (expense) income on the condensed consolidated statements of operations and
comprehensive income.
Schedule of Indefinite-Lived Intangible Assets The carrying amounts and accumulated amortization of intangible assets, net of the impact of foreign exchange rate fluctuations, as
of September 30, 2025 and December 31, 2024 were as follows:
Estimated Useful
Life in Years
September 30, 2025
December 31, 2024
Definite-lived intangible assets
Customer relationships
5 - 25
$132,171
$13,970
Brands
3
500
500
Less: accumulated amortization
(14,857)
(2,692)
Definite-lived intangible assets, net
$117,814
$11,778
Indefinite-lived intangibles assets
Brands
indefinite
$1,280,487
$435
Less: impairment[1]
(482)
—
Indefinite-lived intangible assets
$1,280,005
$435
Brands-net
$1,280,353
$907
Customer relationships-net
$117,466
$11,306
[1] During the second quarter of 2025, the Company reassessed the remaining carrying value of the Func Foods brand name intangible asset. The Company
recorded a non-cash impairment charge of $0.5 million (including the impact of foreign exchange) to fully write off the remaining carrying amount of the
Func Foods brand name. This charge is included within other (expense) income on the condensed consolidated statements of operations and
comprehensive income.
Schedule of Future Estimated Amortization Expense The following table reflects the future estimated annualized amortization expense related to definite-lived intangible assets:
2025
$5,913
2026
23,653
2027
23,625
2028
23,486
2029
23,486
Thereafter
17,651
Total
$117,814