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Organization and Significant Accounting Policies (Tables)
12 Months Ended
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)