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Organization and Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2024
Organization and Significant Accounting Policies [Abstract] |
Schedule of Concentrations of Credit Risk | The Company sells specialty alcohols to consumer product companies and fuel-grade ethanol to gasoline refining and distribution companies. The Company sold to customers representing 10% or more of the Company’s total net sales, as follows.
|  | Years Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Customer A |  |  | 11 | % |  |  | 9 | % |  |  | 10 | %
Customer B |  |  | 7 | % |  |  | 7 | % |  |  | 10 | %
The Company purchases corn, its largest cost component in producing alcohols, from its suppliers. The Company purchased corn from suppliers representing 10% or more of the Company’s total corn purchases, as follows:
|  | Years Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Supplier A |  |  | 16 | % |  |  | 14 | % |  |  | 11 | %
Supplier B |  |  | 13 | % |  |  | 12 | % |  |  | 12 | %
Supplier C |  |  | — | % |  |  | — | % |  |  | 15 | %
Schedule of Inventory | Inventory balances consisted of the following (in thousands):
|  | December 31, |
|  | 2024 |  |  | 2023 |
Finished goods |  | $ | 31,120 |  |  | $ | 35,765 |
Work in progress |  |  | 4,203 |  |  |  | 5,063 |
Raw materials |  |  | 8,989 |  |  |  | 10,313 |
Other |  |  | 5,602 |  |  |  | 1,470 |
Total |  | $ | 49,914 |  |  | $ | 52,611 |
Schedule of Depreciation Is Computed Using the Straight-Line Method | Property and equipment are stated at cost. Depreciation is computed using the straight-line method over the following estimated useful lives:
Buildings |  |  | 40 years |
Facilities and plant equipment |  |  | 10 – 25 years |
Other equipment, vehicles and furniture |  |  | 5 – 10 years |
Schedule of Basic and Diluted Earnings Per Share | The following tables compute basic and diluted loss per share (in thousands, except per share data):
|  | Year Ended December 31, 2024 |
|  | Loss Numerator |  |  | Shares Denominator |  |  | Per-Share Amount |
Consolidated net loss |  | $ | (58,984 | ) |  |  |  |  |  |  |  |
Less: Preferred stock dividends |  |  | (1,269 | ) |  |  |  |  |  |  |  |
Basic and diluted loss per share: |  |  |  |  |  |  |  |  |  |  |  |
Loss attributable to common stockholders |  | $ | (60,253 | ) |  |  | 73,482 |  |  | $ | (0.82 | )
|  | Year Ended December 31, 2023 |
|  | Loss Numerator |  |  | Shares Denominator |  |  | Per-Share Amount |
Consolidated net loss |  | $ | (28,005 | ) |  |  |  |  |  |  |  |
Less: Preferred stock dividends |  |  | (1,265 | ) |  |  |  |  |  |  |  |
Basic and diluted loss per share: |  |  |  |  |  |  |  |  |  |  |  |
Loss attributable to common stockholders |  | $ | (29,270 | ) |  |  | 73,339 |  |  | $ | (0.40 | )
|  | Year Ended December 31, 2022 |
|  | Loss Numerator |  |  | Shares Denominator |  |  | Per-Share Amount |
Consolidated net loss |  | $ | (41,597 | ) |  |  |  |  |  |  |  |
Less: Preferred stock dividends |  |  | (1,265 | ) |  |  |  |  |  |  |  |
Basic and diluted loss per share: |  |  |  |  |  |  |  |  |  |  |  |
Loss attributable to common stockholders |  | $ | (42,862 | ) |  |  | 71,944 |  |  | $ | (0.60 | )

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