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GOODWILL AND OTHER INTANGIBLE ASSETS | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND OTHER INTANGIBLE ASSETS | 9. GOODWILL AND OTHER INTANGIBLE ASSETS Changes in the carrying amount of goodwill allocated to its reporting units for the year ended December 31, 2024, and 2023 are as follows: SCHEDULE OF GOODWILL
|  | Soft |  |  | Durum |  |  | Couscous |  |  |  |
|  | Wheat |  |  | Wheat |  |  | and Pasta |  |  | Total |
|  | (in thousands) |
Balance at December 31, 2022 |  | $ | 31,410 |  |  | $ | 2,277 |  |  | $ | 7,981 |  |  | $ | 41,668 |
Foreign currency exchange adjustments |  |  | 1,741 |  |  |  | 134 |  |  |  | 468 |  |  |  | 2,343 |
Balance at December 31, 2023 |  | $ | 33,151 |  |  | $ | 2,411 |  |  | $ | 8,449 |  |  | $ | 44,011 |
Foreign currency exchange adjustments |  |  | (890 | ) |  |  | (52 | ) |  |  | (183 | ) |  |  | (1,125 | )
Balance at December 31, 2024 |  | $ | 32,261 |  |  | $ | 2,359 |  |  | $ | 8,266 |  |  | $ | 42,886 |
The Company performed the annual impairment assessment as of December 31, 2024, and 2023, which did not result in impairment losses. Changes in the carrying amount of intangible assets for the year ended December 31, 2024, and 2023 are as follows: SCHEDULE OF INTANGIBLE ASSETS
|  | Trade |  |  | Customer |  |  | Other |  |  | Intangible |
|  | names |  |  | relationships |  |  | intangibles |  |  | Assets |
|  | (in thousands) |
Balance at December 31, 2022 |  | $ | 927 |  |  | $ | 1,796 |  |  | $ | 1,000 |  |  | $ | 3,723 |
Acquisitions |  |  | - |  |  |  | - |  |  |  | 987 |  |  |  | 987 |
Amortization |  |  | - |  |  |  | (92 | ) |  |  | (167 | ) |  |  | (259 | )
Foreign currency exchange adjustments |  |  | 40 |  |  |  | 71 |  |  |  | 86 |  |  |  | 197 |
Balance at December 31, 2023 |  | $ | 967 |  |  | $ | 1,775 |  |  | $ | 1,906 |  |  | $ | 4,648 |
Beginning balance |  | $ | 967 |  |  | $ | 1,775 |  |  | $ | 1,906 |  |  | $ | 4,648 |
Acquisitions |  |  | - |  |  |  | - |  |  |  | 283 |  |  |  | 283 |
Amortization |  |  | - |  |  |  | (93 | ) |  |  | (259 | ) |  |  | (352 | )
Foreign currency exchange adjustments |  |  | (47 | ) |  |  | (89 | ) |  |  | (39 | ) |  |  | (175 | )
Balance at December 31, 2024 |  | $ | 920 |  |  | $ | 1,593 |  |  | $ | 1,891 |  |  | $ | 4,404 |
Ending balance |  | $ | 920 |  |  | $ | 1,593 |  |  | $ | 1,891 |  |  | $ | 4,404 |
As of December 31, 2024, the weighted-average remaining amortization period for intangibles other than goodwill is 8.3 years and future intangible amortization is expected to total the following: SCHEDULE OF FUTURE INTANGIBLE AMORTIZATION
|  | (in thousands) |
2025 |  | $ | 600 |
2026 |  |  | 600 |
2027 |  |  | 600 |
2028 |  |  | 475 |
2029 |  |  | 349 |
Thereafter |  |  | 860 |
Total amortization |  | $ | 3,484 |

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- Definition The entire disclosure for goodwill and intangible assets. + 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 + Details
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