| Summary of Reportable Segments |
Reportable Segments
|
|
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|
|
|
|
|
|
|
|
Year Ended December 31, |
|
|
2025 |
|
|
2024 |
|
Revenues, net of discounts |
|
|
|
|
|
|
|
Eastern Region(1) |
$ |
|
133,605 |
|
|
$ |
|
128,553 |
|
Western Region(2) |
|
|
10,381 |
|
|
|
|
39,014 |
|
Total |
$ |
|
143,986 |
|
|
$ |
|
167,567 |
|
Gross profit |
|
|
|
|
|
|
|
Eastern Region |
$ |
|
61,025 |
|
|
$ |
|
60,219 |
|
Western Region |
|
|
4,672 |
|
|
|
|
14,895 |
|
Total |
$ |
|
65,697 |
|
|
$ |
|
75,114 |
|
Operating expenses: |
|
|
|
|
|
|
|
Selling, general and administrative expenses |
|
|
|
|
|
|
|
Eastern Region |
$ |
|
39,531 |
|
|
$ |
|
34,555 |
|
Western Region |
|
|
3,474 |
|
|
|
|
8,360 |
|
Other |
|
|
17,881 |
|
|
|
|
19,267 |
|
Total |
$ |
|
60,886 |
|
|
$ |
|
62,182 |
|
Depreciation and amortization |
|
|
|
|
|
|
|
Eastern Region |
$ |
|
13,995 |
|
|
$ |
|
15,186 |
|
Western Region |
|
|
2,161 |
|
|
|
|
7,033 |
|
Other |
|
|
1,059 |
|
|
|
|
462 |
|
Total |
$ |
|
17,215 |
|
|
$ |
|
22,681 |
|
Write-downs, (recoveries) and other charges, net |
|
|
|
|
|
|
|
Eastern Region |
$ |
|
2,814 |
|
|
$ |
|
(1,985 |
) |
Western Region |
|
|
— |
|
|
|
|
429 |
|
Other |
|
|
199 |
|
|
|
|
320 |
|
Total |
$ |
|
3,013 |
|
|
$ |
|
(1,236 |
) |
Income (loss) from operations |
|
|
|
|
|
|
|
Eastern Region |
$ |
|
4,684 |
|
|
$ |
|
12,463 |
|
Western Region |
|
|
(963 |
) |
|
|
|
(927 |
) |
Other |
|
|
(19,139 |
) |
|
|
|
(20,049 |
) |
Total |
$ |
|
(15,418 |
) |
|
$ |
|
(8,513 |
) |
Other income (expenses), net |
|
|
|
|
|
|
|
Eastern Region |
$ |
|
3,823 |
|
|
$ |
|
(868 |
) |
Western Region |
|
|
27,994 |
|
|
|
|
(3,307 |
) |
Other |
|
|
(39,565 |
) |
|
|
|
(12,626 |
) |
Total |
$ |
|
(7,748 |
) |
|
$ |
|
(16,801 |
) |
Income tax (benefit) expense |
|
|
|
|
|
|
|
Eastern Region |
$ |
|
9,309 |
|
|
$ |
|
10,440 |
|
Western Region |
|
|
2,251 |
|
|
|
|
8,513 |
|
Other |
|
|
5,478 |
|
|
|
|
(36,631 |
) |
Total |
$ |
|
17,038 |
|
|
$ |
|
(17,678 |
) |
Net income (loss) |
|
|
|
|
|
|
|
Eastern Region |
$ |
|
(1,878 |
) |
|
$ |
|
1,157 |
|
Western Region |
|
|
24,780 |
|
|
|
|
(12,749 |
) |
Other |
|
|
(63,105 |
) |
|
|
|
3,956 |
|
Total |
$ |
|
(40,203 |
) |
|
$ |
|
(7,636 |
) |
(1)Eastern region includes revenue from the sale of our new Cheetah brand of products in Illinois and Pennsylvania.
(2)Western region no longer includes Nevada operations as results were deconsolidated as of June 24, 2024.
Supplemental Segment Disclosures:
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Year Ended December 31, |
|
|
2025 |
|
|
2024 |
|
Purchase of property, plant and equipment |
|
|
|
|
|
|
|
Eastern Region |
$ |
|
25,288 |
|
|
$ |
|
5,232 |
|
Western Region |
|
|
— |
|
|
|
|
189 |
|
Other |
|
|
377 |
|
|
|
|
98 |
|
Total |
$ |
|
25,665 |
|
|
$ |
|
5,519 |
|
Purchase of other intangible assets |
|
|
|
|
|
|
|
Eastern Region |
$ |
|
— |
|
|
$ |
|
20 |
|
Other |
|
|
4,826 |
|
|
|
|
185 |
|
Total |
$ |
|
4,826 |
|
|
$ |
|
205 |
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, |
|
|
As of December 31, |
|
|
|
2025 |
|
|
|
2024 |
|
Assets |
|
|
|
|
|
|
|
Eastern Region |
$ |
|
225,124 |
|
|
$ |
|
212,007 |
|
Western Region |
|
|
8,454 |
|
|
|
|
40,124 |
|
Other |
|
|
22,408 |
|
|
|
|
18,912 |
|
Total |
$ |
|
255,986 |
|
|
$ |
|
271,043 |
|
|