INVENTORIES, NET

9 Months Ended

Sep. 30, 2025

Inventory Disclosure [Abstract]

INVENTORIES, NET

INVENTORIES, NET

Inventories consist principally of raw materials, packaging, non-food finished goods and packaged meal replacements, protein powder, and supplements held in the Company’s warehouses and outsourced distribution centers. Inventories are stated at the lower of cost or net realizable value, utilizing the first-in, first-out method. The cost of finished goods includes the cost of raw

materials, packaging supplies, direct and indirect labor, and other indirect manufacturing costs. On a quarterly basis, management reviews inventories for unsalable or obsolete inventories.

Inventories consisted of the following (in thousands):

	September 30, 2025		December 31, 2024
Raw materials	$	6,502	$	6,704
Packaging	1,365		1,429
Non-food finished goods	1,289		2,031
Finished goods	18,042		33,702
Allowance for obsolete inventory	(3,993)		(1,445)
Total	$	23,205	$	42,421