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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net loss $ (23,355) $ (12,508) $ (19,170)
Less: Income (loss) from discontinued operations, net of tax 22 (43) 4,057
Loss from continuing operations (23,333) (12,551) (15,113)
Adjustments to reconcile net loss from continuing operations to net cash provided by (used in) operating activities from continuing operations:      
Depreciation of property, plant and equipment 4,338 4,494 4,715
Amortization of intangible assets 352 259 142
Amortization of right-of-use assets 1,353 1,059 1,457
Bad debt expense 895 87 150
Impairment of other assets 4,962
Change in fair value of derivatives and contingent consideration (1,442) (25) (4,733)
Non-cash accretion of interest expense 65 129
Share-based compensation 522 169 125
Deferred income taxes (581) (1,286) (3,883)
Changes in operating assets and liabilities:      
Accounts receivable 8,852 (1,845) (12,183)
Other receivables 11,539 26,658 (26,079)
Prepaid expenses and other current assets 8,065 8,059 (16,467)
Inventories 10,129 1,656 6,125
Other assets, noncurrent 1,143 (1,632) (2,238)
Accounts payable (10,942) 8,950 13,989
Lease liabilities (695) (581) (776)
Other payables and liabilities 7,035 (310) (4,614)
Net cash provided by (used in) operating activities from continuing operations 22,257 33,290 (59,383)
Net cash provided by operating activities from discontinued operations 1,209 36 1,814
Net cash provided by (used in) operating activities 23,466 33,326 (57,569)
Cash flows from investing activities:      
Acquisition of businesses and assets, net of cash acquired (37)
Purchases of property, plant, and equipment (1,776) (9,485) (4,469)
Sales of property, plant, and equipment 7 47 765
Additions to intangible assets (283) (319) (262)
Net cash used in investing activities from continuing operations (2,052) (9,794) (3,966)
Net cash used in investing activities from discontinued operations (9) (43) (64)
Net cash used in investing activities (2,061) (9,837) (4,030)
Cash flows from financing activities:      
Cash acquired in merger and recapitalization 13,966
Proceeds from forward share purchase agreement 6,719
Proceeds from convertible bonds issued 11,000
Proceeds from exercise of warrants 1 446
Transaction costs (3,104)
Loans from related parties 5,640 (100)
Borrowings on working capital facilities, net 7,349 (1,803) (24,279)
Borrowings on lines of credit – Wheat inventories 50,385 59,604 117,225
Repayments on lines of credit – Wheat inventories (86,349) (77,781) (39,420)
Borrowings on loans 862 3,733 2,792
Repayments on loans (8,678) (5,149) (8,708)
Net cash (used in) provided by financing activities from continuing operations (30,791) (21,395) 76,537
Net cash (used in) provided by financing activities from discontinued operations (2,397) 213 (1,546)
Net cash (used in) provided by financing activities (33,188) (21,182) 74,991
Effect of exchange rate changes on cash and cash equivalents (7) (3,113) (2,958)
Net (decrease) increase in cash and cash equivalents (11,790) (806) 10,434
Cash and cash equivalents, beginning of year 24,021 24,827 14,393
Cash and cash equivalents, end of year 12,231 24,021 24,827
Non-cash activities:      
Non-cash acquisition of non-controlling interest 1,482
Shares repurchased and retired 30
Forward share purchase agreements 4,685
Contingent consideration liability 1,308
Conversion of convertible bonds into ordinary shares 11,797
Consideration and accrued interest paid to selling stockholder in ordinary shares 12,398
Supplemental cash flow disclosures:      
Interest paid 13,079 15,750 11,343
Net income taxes paid $ 2,232 $ 1,987 $ 2,228