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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
Schedule of Estimated Useful Life of Property and Equipment
The estimated useful life of property and equipment are as follows:

Machinery and equipment
3 years to 15 years
Leasehold improvements
       Lesser of useful life or lease term
Vehicles
3 years to 5 years
Furniture and fixtures
3 years to 7 years
Building and building improvements
10 years to 40 years
Computer hardware and software
       1 year to 3 years
Schedule of Net Sales Disaggregated by Customer Type For the year ended December 31, 2024 and 2023, net sales disaggregated by customer type consist of the amounts shown below.
Year Ended December 31,
20242023
(in thousands)
National and regional chains$90,244 $89,655 
Distributors234,932 228,316 
Online70,130 61,265 
Retail27,327 26,415 
$422,633 $405,651 
Schedule of Concentration of Credit Risk
For the years ended December 31, 2024 and 2023, purchases from the following vendor make up greater than 10 percent of total purchases:

Year Ended December 31,
20242023
Keary Global Ltd. (“Keary Global”) and its affiliate, Keary International, Ltd. ("Keary International") – related parties
11 %13 %

Amounts due to the following vendors at December 31, 2024 and 2023, respectively, that exceed 10 percent of total accounts payable are as follows:

December 31, 2024December 31, 2023
Keary Global and its affiliate, Keary International – related parties
15 %22 %
LK Global International Ltd.13 %*
Fuling Technology Co., Ltd.12 %16 %
Wen Ho Industrial Co., Ltd*14 %
* Amounts payable represented less than 10% of total accounts payable.
Schedule of Fair Value Measurements by level for the Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following table summarizes the Company’s fair value measurements by level at December 31, 2024 for the assets measured at fair value on a recurring basis:

Level 1 Level 2 Level 3
(in thousands)
Cash equivalents$725 $22,525 $— 
Short-term investments— 28,343 — 
Publicly-traded equity securities31 — — 
Fair value, December 31, 2024
$756 $50,868 $— 

The following table summarizes the Company’s fair value measurements by level at December 31, 2023 for the assets measured at fair value on a recurring basis:

Level 1 Level 2 Level 3
(in thousands)
Cash equivalents $5,956 $10,000 $— 
Short-term investments— 26,343 — 
Fair value, December 31, 2023
$5,956 $36,343 $— 
Schedule of Carrying Values and Estimated Fair Values of Debt The following is a summary of the carrying amount and estimated fair value of the $23,000,000 and $28,700,000 term loans that mature in September 2026 and July 2027, respectively (the "2026 Term Loan" and "2027 Term Loan," respectively):
December 31, 2024
Carrying AmountEstimated Fair Value
(in thousands)
2026 Term Loan$20,881 $19,846 
2027 Term Loan27,577 27,174 
$48,458 $47,020 

December 31, 2023
Carrying AmountEstimated Fair Value
(in thousands)
2026 Term Loan$21,490 $19,999 
2027 Term Loan28,028 27,810 
$49,518 $47,809