SEGMENT AND GEOGRAPHIC INFORMATION |
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| SEGMENT AND GEOGRAPHIC INFORMATION | NOTE 13. SEGMENT AND GEOGRAPHIC INFORMATION The Company has organized its business as a reportable segment (“Reporting Segment”), tobacco, as it operates and derives all revenues from its tobacco operations and products. This segment structure reflects the financial information and reports used by the Company’s management, specifically its Chief Operating Decision Maker (“CODM”), to make decisions regarding the Company’s business, including resource allocations and performance assessments. The Company’s Chief Executive Officer serves as the CODM. The accounting policies of the Reporting Segment are the same as those described in the summary of significant accounting policies. See Note 1 for additional information about the Company's business and significant accounting policies. Consolidated net income (loss) from continuing operations, as presented on the Company's Consolidated Statements of Operations and Comprehensive Income (Loss) is a metric utilized by the CODM to assess the Reporting Segment's performance and allocate resources. Total consolidated assets, excluding assets held for sale, as presented on the Company's Consolidated Balance Sheets are used to measure the Reporting Segment's assets. The CODM uses Consolidated net income (loss) from continuing operations to evaluate profitability generated from segment assets in determining the strategic decisions of the Company with respect to utilizing its assets. Consolidated net income (loss) from continuing operations is also used to monitor budget versus actual results. The following table presents revenues and significant segment expenses from continuing operations for the three and nine months ended September 30, 2025 and 2024:
The Company recognized the following depreciation and amortization costs from continuing operations:
Geographic Area Information For the three and nine months ended September 30, 2025 and 2024, substantially all third-party sales of product are shipped to customers in the United States. Additionally, as of September 30, 2025 and December 31, 2024, all long-lived assets are physically located or domiciled in the United States. |
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