| Schedule of financial data for operating segments |
| |
|
Three Months Ended
March 31, |
|
|
|
2023 |
|
|
2022 |
|
| Net Sales |
|
|
|
|
|
|
| Pekin Campus production, recorded as gross: |
|
|
|
|
|
|
| Alcohol sales |
|
$ |
132,381 |
|
|
$ |
116,050 |
|
| Essential ingredient sales |
|
|
63,631 |
|
|
|
55,280 |
|
| Intersegment sales |
|
|
313 |
|
|
|
256 |
|
| Total Pekin Campus sales |
|
|
196,325 |
|
|
|
171,586 |
|
| |
|
|
|
|
|
|
|
|
| Marketing and distribution: |
|
|
|
|
|
|
|
|
| Alcohol sales, gross |
|
$ |
84,381 |
|
|
$ |
53,926 |
|
| Alcohol sales, net |
|
|
114 |
|
|
|
351 |
|
| Intersegment sales |
|
|
2,843 |
|
|
|
2,996 |
|
| Total marketing and distribution sales |
|
|
87,338 |
|
|
|
57,273 |
|
| |
|
|
|
|
|
|
|
|
| Other production, recorded as gross: |
|
|
|
|
|
|
|
|
| Alcohol sales |
|
$ |
20,932 |
|
|
$ |
59,805 |
|
| Essential ingredient sales |
|
|
8,353 |
|
|
|
18,938 |
|
| Intersegment sales |
|
|
1 |
|
|
|
12 |
|
| Total Other production sales |
|
|
29,286 |
|
|
|
78,755 |
|
| |
|
|
|
|
|
|
|
|
| Corporate and other |
|
|
4,099 |
|
|
|
3,768 |
|
| Intersegment eliminations |
|
|
(3,157 |
) |
|
|
(3,264 |
) |
| Net sales as reported |
|
$ |
313,891 |
|
|
$ |
308,118 |
|
| |
|
|
|
|
|
|
| Cost of goods sold: |
|
|
|
|
|
|
| Pekin Campus production |
|
$ |
198,178 |
|
|
$ |
168,881 |
|
| Marketing and distribution |
|
|
83,126 |
|
|
|
54,716 |
|
| Other production |
|
|
33,982 |
|
|
|
78,244 |
|
| Corporate and other |
|
|
2,369 |
|
|
|
2,872 |
|
| Intersegment eliminations |
|
|
(600 |
) |
|
|
(1,368 |
) |
| Cost of goods sold as reported |
|
$ |
317,055 |
|
|
$ |
303,345 |
|
| Gross profit (loss): |
|
|
|
|
|
|
|
|
| Pekin Campus production |
|
$ |
(1,853 |
) |
|
$ |
2,705 |
|
| Marketing and distribution |
|
|
4,212 |
|
|
|
2,557 |
|
| Other production |
|
|
(4,696 |
) |
|
|
511 |
|
| Corporate and other |
|
|
1,730 |
|
|
|
896 |
|
| Intersegment eliminations |
|
|
(2,557 |
) |
|
|
(1,896 |
) |
| Gross profit (loss) as reported |
|
$ |
(3,164 |
) |
|
$ |
4,773 |
|
| Loss before provision for income taxes: |
|
|
|
|
|
|
| Pekin Campus production |
|
$ |
(5,117 |
) |
|
$ |
85 |
|
| Marketing and distribution |
|
|
2,010 |
|
|
|
785 |
|
| Other production |
|
|
(5,698 |
) |
|
|
(1,209 |
) |
| Corporate and other |
|
|
(4,361 |
) |
|
|
(2,263 |
) |
| |
|
$ |
(13,166 |
) |
|
$ |
(2,602 |
) |
| Depreciation and amortization expense: |
|
|
|
|
|
|
|
|
| Pekin Campus production |
|
$ |
4,819 |
|
|
$ |
4,538 |
|
| Other production |
|
|
1,009 |
|
|
|
1,456 |
|
| Corporate and other |
|
|
227 |
|
|
|
140 |
|
| |
|
$ |
6,055 |
|
|
$ |
6,134 |
|
| Interest expense, net of capitalized
interest: |
|
|
|
|
|
|
| Pekin Campus production |
|
$ |
(485 |
) |
|
$ |
— |
|
| Marketing and distribution |
|
|
494 |
|
|
|
200 |
|
| Other production |
|
|
(354 |
) |
|
|
— |
|
| Corporate and other |
|
|
1,910 |
|
|
|
— |
|
| |
|
$ |
1,565 |
|
|
$ |
200 |
|
|
| Schedule of assets by operating segments |
| |
|
March 31,
2023 |
|
|
December 31,
2022 |
|
| Total assets: |
|
|
|
|
|
|
| Pekin Campus production |
|
$ |
254,293 |
|
|
$ |
257,089 |
|
| Marketing and distribution |
|
|
116,135 |
|
|
|
114,755 |
|
| Other production |
|
|
46,832 |
|
|
|
51,886 |
|
| Corporate and other |
|
|
42,644 |
|
|
|
54,591 |
|
| |
|
$ |
459,904 |
|
|
$ |
478,321 |
|
|