Quarterly report [Sections 13 or 15(d)]

Basis of Presentation and Summary of Significant Accounting Policies (Tables)

v3.25.1
Basis of Presentation and Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2025
Basis of Presentation and Summary of Significant Accounting Policies  
Schedule of concentration risk

Customers that account for 10% or more of the Company’s net sales consist of the following:

Three Months Ended March 31, 

2025

2024

Customer One

21.3%

0.0%

Customer Two

0.0%

11.5%

Schedule of estimated useful lives and depreciation of property, plant and equipment

Depreciation is provided on a straight-line basis over the following estimated useful lives:

Machinery and equipment

2 – 7 years

Furniture and fixtures

3 – 10 years

Autos and trucks

5 years

Buildings and land improvements

5 – 39 years

Leasehold improvements

Lesser of useful life of lease term

Greenhouse - agricultural structure

5 – 15 years

Land

Not depreciated