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Segments (Tables)

3 Months Ended

Mar. 31, 2025

Segments [Abstract]

Schedule of Set Forth Certain Financial Data for the Company’s Operating Segments

The following tables set forth certain financial data for the Company’s operating segments (in thousands):

		Three Months Ended March 31,
Net Sales		2025				2024
Pekin Campus production, recorded as gross:
Alcohol sales		$	107,234			$	108,350
Essential ingredient sales			44,618				46,709
Intersegment sales			297				321
Total Pekin Campus sales			152,149				155,380
Marketing and distribution:
Alcohol sales, gross		$	48,997			$	54,431
Alcohol sales, net			61				34
Intersegment sales			2,506				2,752
Total marketing and distribution sales			51,564				57,217
Western production, recorded as gross:
Alcohol sales		$	16,194			$	20,231
Essential ingredient sales			7,808				7,826
Intersegment sales			264				—
Total Western production sales			24,266				28,057
Corporate and other			1,628				3,048
Intersegment eliminations			(3,067	)			(3,073	)
Net sales as reported		$	226,540			$	240,629
Cost of goods sold:
Pekin Campus production		$	155,222			$	151,112
Marketing and distribution			47,650				53,685
Western production			25,524				36,517
Corporate and other			1,681				2,794
Intersegment eliminations			(1,730	)			(1,079	)
Cost of goods sold as reported		$	228,347			$	243,029
Gross profit (loss):
Pekin Campus production		$	(3,073	)		$	4,268
Marketing and distribution			3,914				3,532
Western production			(1,258	)			(8,460	)
Corporate and other			(53	)			254
Intersegment eliminations			(1,337	)			(1,994	)
Gross loss as reported		$	(1,807	)		$	(2,400	)
Gain (loss) before provision for income taxes:
Pekin Campus production		$	(7,364	)		$	108
Marketing and distribution			1,563				1,305
Western production			(3,905	)			(10,976	)
Corporate and other			(1,973	)			(2,162	)
		$	(11,679	)		$	(11,725	)
Depreciation and amortization expense:
Pekin Campus production		$	5,456			$	5,035
Western production			640				465
Corporate and other			170				228
		$	6,266			$	5,728
Interest expense, net of capitalized interest:
Pekin Campus production		$	610			$	261
Marketing and distribution			83				96
Western production			1,359				630
Corporate and other			677				647
		$	2,729			$	1,634

Schedule of Total Assets by Operating Segment

The following table sets forth the Company’s total assets by operating segment (in thousands): 

		March 31, 2025				December 31, 2024
Total assets:
Pekin Campus production		$	216,152			$	223,934
Marketing and distribution			118,130				102,895
Western production			46,470				44,992
Corporate and other			21,457				29,617
		$	402,209			$	401,438

X

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

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-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

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-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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