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GOODWILL AND INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets and Goodwill

Goodwill and intangible assets were comprised of the following:

			December 31, 2024
			Estimated Useful Life						Gross Carrying Amount						Accumulated Amortization						Net Carrying Amount
Brand name			25 years						$	952,000					$	(189,556)					$	762,444
Product formulations			15 years						136,500						(45,182)						91,318
Customer relationships			20 years						53,000						(13,191)						39,809
Software			3-15 years						10,264						(4,286)						5,978
Total finite-lived intangibles									1,151,764						(252,215)						899,549
Goodwill			Indefinite						168,300						—						168,300
Total goodwill and other intangibles									$	1,320,064					$	(252,215)					$	1,067,849

			December 31, 2023
			Estimated Useful Life						Gross Carrying Amount						Accumulated Amortization						Net Carrying Amount
Brand name			25 years						$	952,000					$	(151,475)					$	800,525
Product formulations			15 years						136,500						(36,082)						100,418
Customer relationships			20 years						53,000						(10,541)						42,459
Software			3 years						5,660						(1,348)						4,312
Total finite-lived intangibles									1,147,160						(199,446)						947,714
Goodwill			Indefinite						168,300						—						168,300
Total goodwill and other intangibles									$	1,315,460					$	(199,446)					$	1,116,014

Schedule of Finite-Lived Intangible Assets Amortization Expense

Amortization of the Company’s definite-lived intangible assets for the years ended December 31, 2024, 2023 and 2022 was as follows:

									For the Year Ended
															December 31, 2024						December 31, 2023						December 31, 2022
Amortization of patented formulations															$	9,342					$	8,345					$	7,500
Amortization expense, brand name and customer relationships															$	40,731					$	40,730					$	40,730
Amortization expense, software															2,938						738						552
Amortization of other intangible assets															$	43,669					$	41,468					$	41,282
Amortization of patented formulations capitalized to inventory															$	(242)					$	739					$	1,566

Schedule of Estimated Future Amortization Expense Related to the Finite-lived Intangible Assets

The estimated future amortization expense related to the finite-lived intangible assets as of December 31, 2024 was as follows:

Year ending December 31,
2025						$	52,700
2026						51,535
2027						50,564
2028						49,890
2029						49,890
Thereafter						644,970
Total						$	899,549

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- Definition

Tabular disclosure of amortization expense of assets, excluding financial assets, that lack physical substance, having a limited useful life.

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- Definition

Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class.

+ 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

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- Definition

Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 55
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482640/350-30-55-40

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482665/350-30-50-2

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