XML 22 R4.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]      
Revenues $ 274,223 $ 301,954 $ 283,932
Cost of sales [1] 246,891 273,417 254,724
Gross profit 27,332 28,537 29,208
Operating expenses:      
Selling, general and administrative expenses [2] 35,093 27,295 26,933
Total operating expenses 35,093 27,295 26,933
Operating (loss) profit from continuing operations (7,761) 1,242 2,275
Other expense (income):      
Interest income (31) (37) (34)
Interest expense 12,815 13,478 11,944
Change in fair value of derivatives and contingent consideration (1,442) (25) (4,733)
Foreign Exchange loss (gain) 33 (212) 10,364
Other non-operating expenses 2,546 1,691
Total other expense 13,921 13,204 19,232
Loss before taxes from continuing operations (21,682) (11,962) (16,957)
Income tax expense (benefit) 1,651 589 (1,844)
Loss from continuing operations (23,333) (12,551) (15,113)
Discontinued operations:      
Profit (loss) before taxes from discontinued operations 33 (652) (4,271)
Income tax expense (benefit) 55 (695) (214)
(Loss) profit from discontinued operations (22) 43 (4,057)
Net loss (23,355) (12,508) (19,170)
Net income (loss) attributable to noncontrolling interest 970 168 (42)
Net loss attributable to the Company $ (24,325) $ (12,676) $ (19,128)
Loss from continuing operations per ordinary shares outstanding, basic $ (0.87) $ (0.47) $ (0.57)
Loss from continuing operations per ordinary shares outstanding, diluted (0.87) (0.47) (0.57)
Loss from discontinuing operations per ordinary shares outstanding, basic (0.00) 0.00 (0.15)
Loss from discontinuing operations per ordinary shares outstanding, diluted $ (0.00) $ 0.00 $ (0.15)
Weighted average number of shares outstanding - basic 26,884,238 26,879,159 26,604,710
Weighted average number of shares outstanding - diluted 26,884,238 26,879,159 26,604,710
Other comprehensive loss net of tax:      
Foreign currency translation adjustments $ (1,057) $ (1,747) $ (7,242)
Total other comprehensive loss (1,057) (1,747) (7,242)
Comprehensive loss (24,412) (14,255) (26,412)
less: Comprehensive income (loss) attributable to non-controlling interest 578 442 (615)
Comprehensive loss attributable to the Company $ (24,990) $ (14,697) $ (25,797)
[1] Primarily includes purchases of inventory, packaging, and other sales costs.
[2] Primarily includes payroll costs, transportation fees, professional fees, and other selling, general, and