Quarterly report [Sections 13 or 15(d)]

Acquisition of Kodiak Carbonic (Tables)

v3.25.1
Acquisition of Kodiak Carbonic (Tables)
 3 Months Ended
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