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Note 21 - Segment Information | 12 Months Ended
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Dec. 31, 2025
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] | Note 21. Segment Information In accordance with ASC 280, Segment Reporting, the Company has two reportable segments, Zig-Zag products and Stoker’s products. The Zig-Zag products segment markets and distributes (a) rolling papers, tubes, and related products; (b) finished cigars and MYO cigar wraps; and (c) lighters and other accessories. The Stoker’s products segment (a) manufactures and markets moist snuff, (b) contracts for and markets loose-leaf chewing tobacco products, and (c) FRE, its modern oral product. The Company's products are distributed primarily through wholesale distributors in the U.S. and Canada. Corporate unallocated includes the costs and assets of the Company not assigned to one of the two reportable segments and includes corporate overhead expense, including executive management, finance, legal and information technology salaries, and professional services such as audit, external legal costs and information technology services, as well as costs related to the FDA premarket tobacco product application. The Company did not have any customers that accounted for more than 10% of net sales in 2025. The Company had one customer that accounted for 10.2% of net sales in 2024, of which 54% was in the Stoker's product segment and 46% was in the Zig-Zag products segment in 2024. There were no customers that accounted for more than 10% of net sales in 2023. The Company’s CODM is its President and Chief Executive Officer and uses segment operating income as the measure of earnings to evaluate the performance of each segment and to make decisions about allocating resources, including employees, property, plant and equipment, as well as financial and capital resources. On a quarterly basis, the CODM reviews segment operating income budget-to-actual variances to assess segment performance and make resource allocation decisions. For both reportable segments, cost of sales is the significant segment expense that is regularly provided to the CODM. The accounting policies of these segments are the same as those of the Company. Corporate costs are not directly charged to the two reportable segments in the ordinary course of operations. The tables below present financial information about reportable segments:
|  | For the years ended December 31, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
Net sales |  |  |  |  |  |  |  |  |  |  |  |
Zig-Zag products |  | $ | 178,478 |  |  | $ | 192,394 |  |  | $ | 180,455 |
Stoker’s products |  |  | 284,584 |  |  |  | 168,266 |  |  |  | 144,609 |
Total |  | $ | 463,062 |  |  | $ | 360,660 |  |  | $ | 325,064 |
Cost of sales |  |  |  |  |  |  |  |  |  |  |  |
Zig-Zag products |  | $ | 82,577 |  |  | $ | 85,809 |  |  | $ | 79,400 |
Stoker’s products |  |  | 116,171 |  |  |  | 73,286 |  |  |  | 62,722 |
Total |  | $ | 198,748 |  |  | $ | 159,095 |  |  | $ | 142,122 |
Gross profit |  |  |  |  |  |  |  |  |  |  |  |
Zig-Zag products |  | $ | 95,901 |  |  | $ | 106,585 |  |  | $ | 101,055 |
Stoker’s products |  |  | 168,413 |  |  |  | 94,980 |  |  |  | 81,887 |
Total |  | $ | 264,314 |  |  | $ | 201,565 |  |  | $ | 182,942 |
Other segment items (1) |  |  |  |  |  |  |  |  |  |  |  |
Zig-Zag products |  | $ | 36,960 |  |  | $ | 39,888 |  |  | $ | 32,775 |
Stoker’s products |  |  | 59,308 |  |  |  | 26,708 |  |  |  | 19,679 |
Total |  | $ | 96,268 |  |  | $ | 66,596 |  |  | $ | 52,454 |
Operating income (loss) |  |  |  |  |  |  |  |  |  |  |  |
Zig-Zag products |  | $ | 58,941 |  |  | $ | 66,697 |  |  | $ | 68,280 |
Stoker’s products |  |  | 109,105 |  |  |  | 68,272 |  |  |  | 62,208 |
Total segment operating income |  |  | 168,046 |  |  |  | 134,969 |  |  |  | 130,488 |
Corporate unallocated (2)(3) |  |  | (72,719 | ) |  |  | (54,137 | ) |  |  | (47,528 | )
Total |  | $ | 95,327 |  |  | $ | 80,832 |  |  | $ | 82,960 |
Other income |  |  | (6,616 | ) |  |  | - |  |  |  | (4,000 | )
Interest expense, net |  |  | 17,466 |  |  |  | 13,983 |  |  |  | 14,645 |
Investment (gain) loss |  |  | (1,060 | ) |  |  | 1,968 |  |  |  | 9,601 |
(Income) losses from equity investments |  |  | 1,159 |  |  |  | (75 | ) |  |  | 2,313 |
Loss (gain) on extinguishment of debt |  |  | 1,235 |  |  |  | - |  |  |  | (1,664 | )
Income from continuing operations before income taxes |  | $ | 83,143 |  |  | $ | 64,956 |  |  | $ | 62,065 |
Capital expenditures |  |  |  |  |  |  |  |  |  |  |  |
Zig-Zag products |  | $ | 348 |  |  | $ | 2,342 |  |  | $ | 1,112 |
Stoker’s products |  |  | 13,181 |  |  |  | 2,271 |  |  |  | 4,595 |
Total |  | $ | 13,529 |  |  | $ | 4,613 |  |  | $ | 5,707 |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |
Zig-Zag products |  | $ | 1,011 |  |  | $ | 1,469 |  |  | $ | 1,077 |
Stoker’s products |  |  | 6,405 |  |  |  | 4,193 |  |  |  | 3,041 |
Total |  | $ | 7,416 |  |  | $ | 5,662 |  |  | $ | 4,118 |
(1) | Includes primarily selling and marketing costs
(2) | Includes corporate costs that are not allocated to any of the two reportable segments
(3) Includes costs related to PMTA of $4.8 million, $3.6 million and $2.1 million in 2025, 2024, and 2023, respectively.
|  | December 31, |  |  | December 31, |
|  | 2025 |  |  | 2024 |
Assets |  |  |  |  |  |  |  |
Zig-Zag products |  | $ | 256,762 |  |  | $ | 224,052 |
Stoker’s products |  |  | 268,305 |  |  |  | 197,038 |
Assets held for sale |  |  | - |  |  |  | 15,329 |
Corporate unallocated (1) |  |  | 238,683 |  |  |  | 56,934 |
Total |  | $ | 763,750 |  |  | $ | 493,353 |
(1) | Includes assets not assigned to the two reportable segments. All goodwill has been allocated to the reportable segments.
Net Sales: Domestic and Foreign The following table shows a breakdown of consolidated net sales between domestic and foreign.
|  | For the years ended December 31, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
Domestic |  | $ | 427,385 |  |  | $ | 330,690 |  |  | $ | 294,296 |
Foreign |  |  | 35,677 |  |  |  | 29,970 |  |  |  | 30,768 |
Total |  | $ | 463,062 |  |  | $ | 360,660 |  |  | $ | 325,064 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name 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