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Inventories | 3 Months Ended
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Mar. 31, 2025
Inventories [Abstract] |
INVENTORIES |
| 4. | INVENTORIES.
Inventories consisted primarily of bulk ethanol, specialty alcohols, corn, essential ingredients and unleaded fuel, and are valued at the lower of cost or net realizable value, with cost determined on a first-in, first-out basis. Inventory is net of a valuation allowance of $1,170,000 and $2,050,000 as of March 31, 2025 and December 31, 2024, respectively. Inventory balances consisted of the following (in thousands):
|  | March 31, 2025 |  |  | December 31, 2024 |
Finished goods |  | $ | 28,526 |  |  | $ | 31,120 |
Work in progress |  |  | 3,788 |  |  |  | 4,203 |
Raw materials |  |  | 12,451 |  |  |  | 8,989 |
Other |  |  | 5,844 |  |  |  | 5,602 |
Total |  | $ | 50,609 |  |  | $ | 49,914 |

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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 330 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/330/tableOfContent + Details
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