Annual report [Section 13 and 15(d), not S-K Item 405]

Goodwill and Intangible Assets (Tables)

v3.25.1
Goodwill and Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Changes in Carrying Amounts of Goodwill

The following table summarizes the changes in the carrying amounts of goodwill (in thousands):

 

 

Carrying
Amount

 

Balance - December 31, 2022:

 

$

—

 

Acquisition of Cultured Foods

 

 

334

 

Translation adjustment

 

 

8

 

Balance - December 31, 2023:

 

 

342

 

Acquisition of Elevated Softgels

 

 

640

 

Translation adjustment

 

 

(11

)

Balance - December 31, 2024:

 

$

971

 

 

As of December 31, 2024
Summary of Intangible Assets Related Accumulated Amortization

The following table summarizes the intangible assets and the related accumulated amortization (in thousands):

 

 

December 31,
2024

 

 

December 31,
2023

 

Gross carrying amount

 

$

116

 

 

$

78

 

Accumulated amortization

 

 

(22

)

 

 

(1

)

Translation adjustment

 

 

(1

)

 

 

1

 

Net carrying amount

 

$

93

 

 

$

78

 
Summary of Changes in Carrying Amounts of Intangible Assets

Changes in the carrying amounts of intangible assets are summarized below (in thousands):

 

In-process research and development

 

 

Trade names

 

 

Customer relationships

 

 

Total

 

Balance - December 31, 2022:

 

$

251

 

 

$

—

 

 

$

—

 

 

$

251

 

Impairment

 

 

(251

)

 

 

—

 

 

 

—

 

 

 

(251

)

Acquisition of Cultured Foods

 

 

—

 

 

 

52

 

 

 

26

 

 

 

78

 

Amortization

 

 

—

 

 

 

(1

)

 

 

—

 

 

 

(1

)

Translation adjustments

 

 

—

 

 

 

1

 

 

 

—

 

 

 

1

 

Balance - December 31, 2023:

 

 

—

 

 

 

52

 

 

 

26

 

 

 

78

 

Acquisition of Elevated Softgels

 

 

—

 

 

 

—

 

 

 

38

 

 

 

38

 

Amortization

 

 

—

 

 

 

(11

)

 

 

(10

)

 

 

(21

)

Translation adjustments

 

 

—

 

 

 

(1

)

 

 

(1

)

 

 

(2

)

Balance - December 31, 2024:

 

$

—

 

 

$

40

 

 

$

53

 

 

$

93