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Acquisition of Kodiak Carbonic (Tables) | 3 Months Ended
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Mar. 31, 2025
Acquisition of Eagle Alcohol [Abstract] |
Schedule of Unaudited Pro Forma Combined Financial Information Assuming the Acquisition Occurred | The following table presents the Company’s unaudited pro forma combined financial information assuming the acquisition occurred on January 1, 2024 (dollars in thousands except per share amounts):
|  | Three Months Ended March 31, |
|  | 2025 |  |  | 2024 |
Revenues – pro forma |  | $ | 226,540 |  |  | $ | 241,954 |
Net loss attributable to common stockholders – pro forma |  | $ | (11,991 | ) |  | $ | (11,560 | )
Basic and diluted net loss per share – pro forma |  | $ | (0.16 | ) |  | $ | (0.16 | )
Schedule of Property and Equipment and Intangibles | The preliminary estimate of working capital, property and equipment and intangibles are under review by management and are subject to change. Based upon these assumptions, the preliminary purchase price allocation is as follows (in thousands):
Cash and equivalents |  | $ | 290 |
Accounts receivable |  |  | 219 |
Inventories |  |  | 154 |
Other assets |  |  | 16 |
Total current assets |  |  | 679 |
Property and equipment |  |  | 3,564 |
Total tangible assets |  | $ | 4,243 |
Current liabilities |  | $ | 360 |
Total liabilities |  | $ | 360 |
Net tangible assets acquired |  | $ | 3,883 |
Customer relationships |  |  | 3,685 |
Total Purchase Price |  | $ | 7,568 |

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