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v3.22.2.2

Segments (Tables) | 9 Months Ended
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Sep. 30, 2022
Segment Reporting [Abstract] |
Schedule of financial data for operating segments |
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Net Sales |  |  |  |  |  |  |  |  |  |  |  |
Pekin Campus, recorded as gross: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Alcohol sales |  | $ | 133,680 |  |  | $ | 114,587 |  |  | $ | 393,498 |  |  | $ | 341,967 |
Essential ingredient sales |  |  | 54,537 |  |  |  | 46,016 |  |  |  | 169,670 |  |  |  | 140,670 |
Intersegment sales |  |  | 332 |  |  |  | 293 |  |  |  | 857 |  |  |  | 919 |
Total Pekin Campus sales |  |  | 188,549 |  |  |  | 160,896 |  |  |  | 564,025 |  |  |  | 483,556 |
Marketing and distribution: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Alcohol sales, gross |  | $ | 55,262 |  |  | $ | 112,391 |  |  | $ | 172,746 |  |  | $ | 255,702 |
Alcohol sales, net |  |  | 308 |  |  |  | 505 |  |  |  | 975 |  |  |  | 1,489 |
Intersegment sales |  |  | 3,121 |  |  |  | 2,415 |  |  |  | 9,360 |  |  |  | 7,277 |
Total marketing and distribution sales |  |  | 58,691 |  |  |  | 115,311 |  |  |  | 183,081 |  |  |  | 264,468 |
Other production, recorded as gross: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Alcohol sales |  | $ | 64,492 |  |  | $ | 25,190 |  |  | $ | 191,483 |  |  | $ | 63,311 |
Essential ingredient sales |  |  | 24,439 |  |  |  | 6,867 |  |  |  | 66,748 |  |  |  | 19,261 |
Intersegment sales |  |  | 3 |  |  |  | 259 |  |  |  | 14 |  |  |  | 896 |
Total Other production sales |  |  | 88,934 |  |  |  | 32,316 |  |  |  | 258,245 |  |  |  | 83,468 |
Corporate and other |  |  | 4,159 |  |  |  | — |  |  |  | 12,064 |  |  |  | — |
Intersegment eliminations |  |  | (3,456 | ) |  |  | (2,967 | ) |  |  | (10,231 | ) |  |  | (9,092 | )
Net sales as reported |  | $ | 336,877 |  |  | $ | 305,556 |  |  | $ | 1,007,184 |  |  | $ | 822,400 |
Cost of goods sold: |  |  |  |  |  |  |  |  |  |  |  |
Pekin Campus |  | $ | 207,939 |  |  | $ | 169,721 |  |  | $ | 572,512 |  |  | $ | 468,972 |
Marketing and distribution |  |  | 55,159 |  |  |  | 105,902 |  |  |  | 173,670 |  |  |  | 245,606 |
Other production |  |  | 91,663 |  |  |  | 35,613 |  |  |  | 261,514 |  |  |  | 87,055 |
Corporate and other |  |  | 2,925 |  |  |  | — |  |  |  | 8,995 |  |  |  | — |
Intersegment eliminations |  |  | (970 | ) |  |  | (2,281 | ) |  |  | (3,285 | ) |  |  | (4,904 | )
Cost of goods sold as reported |  | $ | 356,716 |  |  | $ | 308,955 |  |  | $ | 1,013,406 |  |  | $ | 796,729 |
Gross profit (loss): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pekin Campus |  | $ | (19,390 | ) |  | $ | (8,825 | ) |  | $ | (8,487 | ) |  | $ | 14,584 |
Marketing and distribution |  |  | 3,532 |  |  |  | 9,409 |  |  |  | 9,411 |  |  |  | 18,862 |
Other production |  |  | (2,729 | ) |  |  | (3,297 | ) |  |  | (3,269 | ) |  |  | (3,587 | )
Corporate and other |  |  | 1,234 |  |  |  | — |  |  |  | 3,069 |  |  |  | — |
Intersegment eliminations |  |  | (2,486 | ) |  |  | (686 | ) |  |  | (6,946 | ) |  |  | (4,188 | )
Gross profit (loss) as reported |  | $ | (19,839 | ) |  | $ | (3,399 | ) |  | $ | (6,222 | ) |  | $ | 25,671 |
Income (loss) before provision for income taxes: |  |  |  |  |  |  |  |  |  |  |  |
Pekin Campus |  | $ | (22,664 | ) |  | $ | (11,830 | ) |  | $ | (6,252 | ) |  | $ | 8,907 |
Marketing and distribution |  |  | 1,622 |  |  |  | 7,517 |  |  |  | 3,444 |  |  |  | 12,929 |
Other production |  |  | (4,958 | ) |  |  | (4,856 | ) |  |  | 1,404 |  |  |  | (12,467 | )
Corporate and other |  |  | (2,038 | ) |  |  | 6,037 |  |  |  | (7,121 | ) |  |  | 567 |
|  | $ | (28,038 | ) |  | $ | (3,132 | ) |  | $ | (8,525 | ) |  | $ | 9,936 |
Depreciation and amortization of intangibles: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pekin Campus |  | $ | 4,758 |  |  | $ | 4,372 |  |  | $ | 14,381 |  |  | $ | 13,043 |
Other production |  |  | 1,273 |  |  |  | 1,468 |  |  |  | 4,095 |  |  |  | 4,433 |
Corporate and other |  |  | 229 |  |  |  | 11 |  |  |  | 646 |  |  |  | 44 |
|  | $ | 6,260 |  |  | $ | 5,851 |  |  | $ | 19,122 |  |  | $ | 17,520 |
Interest expense, net of capitalized interest: |  |  |  |  |  |  |  |  |  |  |  |
Pekin Campus |  | $ | (48 | ) |  | $ | 176 |  |  | $ | (81 | ) |  | $ | 767 |
Marketing and distribution |  |  | 487 |  |  |  | 295 |  |  |  | 1,060 |  |  |  | 721 |
Other production |  |  | (74 | ) |  |  | — |  |  |  | (128 | ) |  |  | 182 |
Corporate and other |  |  | (25 | ) |  |  | (42 | ) |  |  | 8 |  |  |  | 1,689 |
|  | $ | 340 |  |  | $ | 429 |  |  | $ | 859 |  |  | $ | 3,359 |
Schedule of assets by operating segments |
|  | September 30, 2022 |  |  | December 31, 2021 |
Total assets: |  |  |  |  |  |
Pekin Campus |  | $ | 247,449 |  |  | $ | 266,197 |
Marketing and distribution |  |  | 111,900 |  |  |  | 130,302 |
Other production |  |  | 63,904 |  |  |  | 57,046 |
Corporate and other |  |  | 31,415 |  |  |  | 31,408 |
|  | $ | 454,668 |  |  | $ | 484,953 |

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