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v3.25.2

Operating Segments (Tables) | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Schedule of Summarized Financial Information and Assets by Segment | The following tables present summarized financial information for each segment:
| Quarter Ended June 30, 2025
| Branded Spirits |  | Distilling Solutions |  | Ingredient Solutions |  | Corporate |  | Total
Sales | $ | 60,520 |  |  | $ | 50,000 |  |  | $ | 34,974 |  |  | $ | — |  |  | $ | 145,494 |
Cost of Goods Sold | 28,536 |  |  | 31,188 |  |  | 27,383 |  |  | — |  |  | 87,107 |
Gross Profit | 31,984 |  |  | 18,812 |  |  | 7,591 |  |  | — |  |  | 58,387 |
Advertising and promotion expense | 6,268 |  |  | 285 |  |  | 331 |  |  | 29 |  |  | 6,913 |
SG&A expense | 8,979 |  |  | 786 |  |  | 970 |  |  | 12,421 |  |  | 23,156 |
Change in fair value of contingent consideration | 8,000 |  |  | — |  |  | — |  |  | — |  |  | 8,000 |
Operating income | $ | 8,737 |  |  | $ | 17,741 |  |  | $ | 6,290 |  |  | $ | (12,450) |  |  | $ | 20,318 |
Depreciation and amortization | $ | 2,145 |  |  | $ | 2,025 |  |  | $ | 1,307 |  |  | $ | 353 |  |  | $ | 5,830 |
| Quarter Ended June 30, 2024
| Branded Spirits |  | Distilling Solutions |  | Ingredient Solutions |  | Corporate |  | Total
Sales | $ | 64,041 |  |  | $ | 93,388 |  |  | $ | 33,376 |  |  | $ | — |  |  | $ | 190,805 |
Cost of Goods Sold | 30,408 |  |  | 50,915 |  |  | 26,250 |  |  | — |  |  | 107,573 |
Gross Profit | 33,633 |  |  | 42,473 |  |  | $ | 7,126 |  |  | — |  |  | 83,232 |
Advertising and promotion expense | 10,828 |  |  | 241 |  |  | 462 |  |  | 134 |  |  | 11,665 |
SG&A expense | 10,170 |  |  | 683 |  |  | 880 |  |  | 11,026 |  |  | 22,759 |
Impairment of long-lived assets and other | — |  |  | 21 |  |  | — |  |  | — |  |  | 21 |
Change in fair value of contingent consideration | 5,400 |  |  | — |  |  | — |  |  | — |  |  | 5,400 |
Operating income | $ | 7,235 |  |  | $ | 41,528 |  |  | $ | 5,784 |  |  | $ | (11,160) |  |  | $ | 43,387 |
Depreciation and amortization | $ | 1,852 |  |  | $ | 1,968 |  |  | $ | 1,170 |  |  | $ | 339 |  |  | $ | 5,329 |
| Year to Date Ended June 30, 2025
| Branded Spirits |  | Distilling Solutions |  | Ingredient Solutions |  | Corporate |  | Total
Sales | $ | 108,747 |  |  | $ | 96,943 |  |  | $ | 61,457 |  |  | $ | — |  |  | $ | 267,147 |
Cost of Goods Sold | 54,565 |  |  | 59,451 |  |  | 51,414 |  |  | — |  |  | 165,430 |
Gross Profit | 54,182 |  |  | 37,492 |  |  | 10,043 |  |  | — |  |  | 101,717 |
Advertising and promotion expense | 13,922 |  |  | 431 |  |  | 651 |  |  | 81 |  |  | 15,085 |
SG&A expense | 17,969 |  |  | 1,438 |  |  | 2,094 |  |  | 22,860 |  |  | 44,361 |
Change in fair value of contingent consideration | 22,700 |  |  | — |  |  | — |  |  | — |  |  | 22,700 |
Operating income | $ | (409) |  |  | $ | 35,623 |  |  | $ | 7,298 |  |  | $ | (22,941) |  |  | $ | 19,571 |
Depreciation and amortization | $ | 4,285 |  |  | $ | 4,080 |  |  | $ | 2,578 |  |  | $ | 695 |  |  | $ | 11,638 |
| Year to Date Ended June 30, 2024
| Branded Spirits |  | Distilling Solutions |  | Ingredient Solutions |  | Corporate |  | Total
Sales | $ | 114,187 |  |  | $ | 178,240 |  |  | $ | 68,941 |  |  | $ | — |  |  | $ | 361,368 |
Cost of Goods Sold | 58,022 |  |  | 101,684 |  |  | 55,635 |  |  | — |  |  | 215,341 |
Gross Profit | 56,165 |  |  | 76,556 |  |  | 13,306 |  |  | — |  |  | 146,027 |
Advertising and promotion expense | 18,582 |  |  | 560 |  |  | 934 |  |  | 272 |  |  | 20,348 |
SG&A expense | 19,940 |  |  | 1,262 |  |  | 1,868 |  |  | 20,668 |  |  | 43,738 |
Impairment of long-lived assets and other | — |  |  | 137 |  |  | — |  |  | — |  |  | 137 |
Change in fair value of contingent consideration | 9,500 |  |  | — |  |  | — |  |  | — |  |  | 9,500 |
Operating income | $ | 8,143 |  |  | $ | 74,597 |  |  | $ | 10,504 |  |  | $ | (20,940) |  |  | $ | 72,304 |
Depreciation and amortization | $ | 3,675 |  |  | $ | 3,925 |  |  | $ | 2,339 |  |  | $ | 679 |  |  | $ | 10,618 |
The following table allocates assets to each segment as of:
|  | June 30, 2025 |  | December 31, 2024
Identifiable Assets |  |  |  |
Branded Spirits |  | $ | 857,303 |  |  | $ | 862,458 |
Distilling Solutions |  | 362,760 |  |  | 382,432 |
Ingredient Solutions |  | 134,390 |  |  | 132,003 |
Corporate |  | 31,607 |  |  | 28,892 |
Total |  | $ | 1,386,060 |  |  | $ | 1,405,785 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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