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GOODWILL AND OTHER INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

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:

	(in thousands)
2025	$	600
2026		600
2027		600
2028		475
2029		349
Thereafter		860
Total amortization	$	3,484