Quarterly report [Sections 13 or 15(d)]

Summary of Significant Accounting Policies (Tables)

v3.25.1
Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2025
Accounting Policies [Abstract]  
Schedule of Disaggregation of Revenue by Sales Channel
The following table disaggregates revenue by sales channel (dollars in thousands, unaudited):

Three Months Ended March 31,
2025 2024
Wholesale $ 56,791  $ 60,428 
DTC 27,720  32,614 
Outpost 5,463  5,350 
Total net sales $ 89,974  $ 98,392 
Schedule of Estimated Useful Lives
Estimated useful lives are as follows:

Estimated Useful Lives
Land
Building and Leasehold improvements
5 - 39 years
Computer equipment and software
3 years
Machinery and equipment
5 - 15 years
Vehicles
5 years
Property, plant and equipment, net consists of the following (dollars in thousands):

March 31, December 31,
2025 2024
(unaudited) (audited)
Building and leasehold improvements $ 27,476  $ 27,429 
Machinery and equipment 20,041  19,946 
Computer equipment and software 19,024  17,814 
Furniture and fixtures 2,949  2,949 
Land 1,547  1,547 
Vehicles 762  762 
Construction in progress 9,544  10,925 
Property, plant, and equipment, gross 81,343  81,372 
Less: accumulated depreciation and amortization (24,698) (22,168)
Total property, plant and equipment, net $ 56,645  $ 59,204