Quarterly report [Sections 13 or 15(d)]

Inventories

v3.26.3
Inventories
9 Months Ended
Sep. 30, 2026
Inventories [Abstract]  
INVENTORIES
3. INVENTORIES.

 

Inventories consist 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. Inventories are net of a valuation allowance of $331,000 and $1,007,000 as of September 30, 2026 and December 31, 2025, respectively. Inventories consisted of the following (in thousands):

 

    September 30,
2026
    December 31,
2025
 
Finished goods   $ 31,756     $ 40,735  
Raw materials     11,163       10,041  
Work in progress     4,511       4,620  
Other     6,879       6,280  
Total   $ 54,309     $ 61,676