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Inventories
3 Months Ended
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