0001437749-22-004871 | 10-K | XBRL Viewer

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Consolidated Statement of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss)	$ (29,699)	$ (3,188)	$ (1,383)
Adjustments to reconcile net (loss) to net cash flows provided by operating activities:
Provision for loss (gains) on accounts receivable	29	(23)	15
Loss on disposal of equipment	538	1,805	787
Share-based compensation	24,998	10,925	7,834
Inventory obsolescence	349	232	113
Depreciation and amortization	30,468	21,125	15,922
Amortization of deferred financing costs and loan discount	1,212	834	211
Change in operating lease right of use asset	1,329	1,289	432
Loss on equity method investment	2,005	0	0
Changes in operating assets and liabilities:
Accounts receivable	(16,371)	166	(8,019)
Inventories	(16,804)	(6,808)	(3,338)
Prepaid expenses and other current assets	(2,891)	9,437	(11,969)
Other assets	(7,899)	(719)	118
Accounts payable	14,958	(5,922)	2,777
Accrued expenses	(273)	(6,762)	13,082
Other lease liabilities	(1,302)	(1,198)	(265)
Net cash flows provided by operating activities	647	21,193	16,317
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of short-term investments	0	(20,000)	0
Proceeds from maturities of short-term investments	0	20,000	0
Investments in equity method investment	0	(27,894)	0
Acquisitions of property, plant and equipment, software and deposits on equipment	(322,099)	(134,568)	(70,633)
Net cash flows used in investing activities	(322,099)	(162,462)	(70,633)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from common shares issued in primary offering, net of issuance cost	332,172	252,062	0
Proceeds from exercise of options to purchase common stock	2,271	5,441	4,460
Tax withholdings related to net shares settlements of restricted stock units	(4,187)	(2,568)	(1,295)
Proceeds from borrowings under Credit Facilities	0	20,933	72,291
Repayment of borrowings under Credit Facilities	0	(76,000)	(18,500)
Financing fees paid in connection with borrowings	(3,263)	(824)	(723)
Net cash flows provided by financing activities	326,993	199,044	56,234
NET CHANGE IN CASH AND CASH EQUIVALENTS	5,541	57,775	1,917
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	67,247	9,472	7,554
CASH AND CASH EQUIVALENTS, END OF PERIOD	72,788	67,247	9,472
SUPPLEMENTAL CASH FLOW INFORMATION:
Taxes paid	182	88	9
Interest paid	1,730	1,061	522
NON-CASH FINANCING AND INVESTING ACTIVITIES:
Property, plant and equipment purchases in accounts payable and accrued expenses	22,482	11,281	7,575
Non-cash acquisitions of property, plant and equipment	$ 0	$ 0	$ 1,750

Note 9 - Earnings Per Share Attributable to Common Stockholder (Tables)

12 Months Ended

Dec. 31, 2021

Notes Tables

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]

	*Twelve Months Ended December 31,*
	*2021*		*2020*		*2019*
Service Period Stock Options		1,291		1,356		1,500
Restricted Stock Units		173		190		236
Performance Stock Options		972		1,009		34
Total		2,437		2,555		1,770

Note 11 - Concentrations (Details Textual)	12 Months Ended
Note 11 - Concentrations (Details Textual)	Dec. 31, 2021 USD ($)	Dec. 31, 2020	Dec. 31, 2019
Customer Concentration Risk [Member] \| Revenue Benchmark [Member]
Number of Distributors	1	1	1
Number of Major Customers	0	0	1
Customer Concentration Risk [Member] \| Revenue Benchmark [Member] \| One Distributor [Member]
Concentration Risk, Percentage	16.00%	18.00%	17.00%
Customer Concentration Risk [Member] \| Accounts Receivable [Member]
Number of Distributors	2	1
Number of Major Customers	2	2
Customer Concentration Risk [Member] \| Accounts Receivable [Member] \| One Distributor [Member]
Concentration Risk, Percentage	20.00%	8.00%
Customer Concentration Risk [Member] \| Accounts Receivable [Member] \| Two Distributor [Member]
Concentration Risk, Percentage	10.00%
Customer Concentration Risk [Member] \| Accounts Receivable [Member] \| Customer One[Member]
Concentration Risk, Percentage	14.00%	23.00%
Customer Concentration Risk [Member] \| Accounts Receivable [Member] \| Customer Two [Member]
Concentration Risk, Percentage	13.00%	20.00%
Customer Concentration Risk [Member] \| Cost of Goods and Service, Product and Service Benchmark [Member] \| Raw Materials [Member]
Concentration Risk, Percentage	21.00%
Number of Vendors	1
Supplier Concentration Risk [Member] \| Cost of Goods and Service, Product and Service Benchmark [Member] \| Raw Materials [Member]
Concentration Risk, Percentage		23.00%	27.00%
Number of Vendors		1	1
Supplier Concentration Risk [Member] \| Cost of Goods and Service, Product and Service Benchmark [Member] \| Packaging Materials [Member]
Concentration Risk, Percentage	84.00%	88.00%	80.00%
Number of Vendors	5	5	3
Maximum [Member]
Cash, FDIC Insured Amount	$ 250,000

Note 2 - Inventories - Summary of Inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Raw Materials and Work in Process	$ 13,339	$ 9,347
Packaging Components Material	2,823	1,872
Finished Goods	19,704	8,365
Inventory, Gross, Total	35,866	19,584
Reserve for Obsolete Inventory	(292)	(465)
Inventories, net	$ 35,574	$ 19,119

Note 7 - Commitment and Contingencies - Maturities of Lease Liabilities (Details) $ in Thousands	Dec. 31, 2021 USD ($)
2022	$ 1,764
2023	1,802
2024	1,511
2025	1,210
2026 and beyond	1,576
Total lease payments	7,863
Less: Imputed interest	(769)
Present value of lease liabilities	$ 7,094

Note 7 - Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2021

Notes Tables

Lease, Cost [Table Text Block]

	*As of December 31,*
	*2021*			*2020*
Weighted-average remaining lease term		4.51			5.43
Weighted-average discount rate		6.2	%		6.1	%

	For the Twelve Months Ended December 31,
	2021		2020
Operating lease cost	$	1,779	$	1,796

	*For the Twelve Months Ended December 31,*
	*2021*		*2020*
Cash paid for amounts included in the measurement of lease liabilities	$	1,753	$	1,707
Right-of-use assets obtained in exchange for lease obligations	$	-	$	18

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

Operating Lease Obligations	*As of December 31, 2021*
2022	$	1,764
2023		1,802
2024		1,511
2025		1,210
2026 and beyond		1,576
Total lease payments	$	7,863
Less: Imputed interest		(769	)
Present value of lease liabilities	$	7,094

Contractual Obligation, Fiscal Year Maturity [Table Text Block]

Manufacturing and Servicing Obligations	*December 31, 2021*
2022	$	7,366
2023		3,288
2024		4,783
2025 and beyond		712
Total Manufacturing and Servicing Obligations	$	16,149

Note 7 - Commitments and Contingencies (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2021
Lessee, Operating Lease, Renewal Term (Year)		5 years
Operating Lease, Expense	$ 1,606
Minimum [Member]
Lessee, Operating Lease, Remaining Lease Term (Year)		2 years
Maximum [Member]
Lessee, Operating Lease, Remaining Lease Term (Year)		9 years

Note 4 - Income Taxes - Deferred Tax Assets And Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Net operating loss	$ 73,436	$ 60,268	$ 49,626
Stock option expense	12,169	6,454	5,063
Property and equipment	(14,957)	(11,941)	(10,372)
Other	2,845	1,194	966
Less: Valuation allowance	(73,493)	(55,975)	(45,283)
Net deferred income tax assets	$ 0	$ 0	$ 0

Note 4 - Income Taxes

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Income Tax Disclosure [Text Block]

Note 4 – Income Taxes

A summary of income taxes as follows:

	*Year Ended December 31,*
	*2021*		*2020*		*2019*
Federal	$	—	$	—	$	—
State		162		65		144
International		—		—		—
	$	162	$	65	$	144

The provisions for income taxes do not bear a normal relationship to loss before income taxes primarily as a result of the valuation allowance on deferred tax assets.

The reconciliation of the statutory federal income tax rate to the Company’s effective tax is presented below:

	*Year Ended December 31,*
	*2021*			*2020*			*2019*
Tax at federal statutory rate		21.0	%		21.0	%		21.0	%
State taxes, net of federal		7.4	%		39.2	%		36.6	%
Permanent items		30.6	%		284.4	%		312.2	%
Other		(0.2	%)		5.6	%		5.6	%
State rate change		(0.5	%)		0.2	%		(24.3	%)
Valuation allowance		(58.8	%)		(352.5	%)		(362.7	%)
Effective tax rate		(0.5	%)		(2.1	%)		(11.6	%)

In assessing the realizability of the net deferred tax assets, the Company considers all relevant positive and negative evidence to determine whether it is more likely than not that some portion or all of the deferred income tax assets will not be realized. The realization of the gross deferred tax assets is dependent on several factors, including the generation of sufficient taxable income prior to the expiration of the net operating loss carryforwards. The Company believes that it is more likely than not that the Company’s deferred income tax assets will not be realized. The Company has experienced taxable losses from inception. As such, there is a full valuation allowance against the net deferred tax assets as of December 31, 2021, 2020 and 2019.

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are as follows:

	*Year Ended December 31,*
	*2021*			*2020*			*2019*
Net operating loss	$	73,436		$	60,268		$	49,626
Stock option expense		12,169			6,454			5,063
Property and equipment		(14,957	)		(11,941	)		(10,372	)
Other		2,845			1,194			966
Less: Valuation allowance		(73,493	)		(55,975	)		(45,283	)
Net deferred income tax assets	$	-		$	-		$	-

At December 31, 2021, the Company had federal net operating loss (“NOL”) carryforwards of $291.8 million, of which $175.4 million, generated in 2017 and prior, will expire between 2025 and 2037. The NOL generated from 2018 through 2021 of $116.4 million will have an indefinite carryforward period but can generally only be used to offset 80% of taxable income in any particular year. The Company may be subject to the net operating loss utilization provisions of Section 382 of the Internal Revenue Code. The effect of an ownership change would be the imposition of an annual limitation on the use of NOL carry forwards attributable to periods before the change. The amount of the annual limitation depends upon the value of the Company immediately before the change, changes to the Company’s capital during a specified period prior to the change, and the federal published interest rate. We have completed several analyses under Section 382 of the Code in the past which concluded that certain annual limitations exist. At December 31, 2021, the Company had $229.5 million of State NOLs which expire between 2022 and 2041, and had $14.3 million of foreign NOLs which do not expire.

Entities are also required to evaluate, measure, recognize and disclose any uncertain income tax provisions taken on their income tax returns. The Company has analyzed its tax positions and has concluded that as of December 31, 2021, there were no uncertain positions. The Company’s U.S. federal and state net operating losses have occurred since its inception in 2005 and as such, tax years subject to potential tax examination could apply from that date because the utilization of net operating losses from prior years opens the relevant year to audit by the IRS and/or state taxing authorities. Interest and penalties, if any, as they relate to income taxes assessed, are included in the income tax provision. The Company did not have any unrecognized tax benefits and has not accrued any interest or penalties through 2021, 2020, and 2019.

The Company considered the impact of the disallowance of certain incentive based compensation tax deductibility under Internal Revenue Code Section 162(m); however, to the extent an adjustment to the deferred tax asset is required the impact will be offset by a corresponding adjustment to the valuation allowance.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

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+ Details

Note 9 - Earnings Per Share Attributable to Common Stockholder (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Preferred Stock Dividends and Other Adjustments, Total	$ 0	$ 0	$ 0

Consolidated Statements of Changes In Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Treasury Stock [Member]	Total
Balances (in shares) at Dec. 31, 2018	35,557				14
Balances at Dec. 31, 2018	$ 35	$ 323,080	$ (201,353)	$ (32)	$ (256)	$ 121,474
Exercise of options to purchase common stock (in shares)	514
Exercise of options to purchase common stock	$ 1	4,460				4,460
Issuance of restricted stock units (in shares)	92
Issuance of restricted stock units		(1,295)				(1,295)
Share-based compensation expense		8,055				8,055
Foreign Currency Translation				(47)		(48)
Net (loss)			(1,383)			(1,383)
Balances (in shares) at Dec. 31, 2019	36,162				14
Balances at Dec. 31, 2019	$ 36	334,299	(202,735)	(79)	$ (256)	131,265
Exercise of options to purchase common stock (in shares)	479
Exercise of options to purchase common stock		5,441				5,441
Issuance of restricted stock units (in shares)	91
Issuance of restricted stock units	$ 0	(2,568)				(2,568)
Share-based compensation expense		11,157				11,157
Foreign Currency Translation				(1)		(1)
Net (loss)			(3,188)			(3,188)
Shares issued in primary offering (in shares)	4,000
Shares issued in primary offering	$ 4	252,058				252,062
Balances (in shares) at Dec. 31, 2020	40,732				14
Balances at Dec. 31, 2020	$ 41	600,388	(205,924)	(80)	$ (256)	394,169
Exercise of options to purchase common stock (in shares)	224
Exercise of options to purchase common stock		2,271				2,271
Issuance of restricted stock units (in shares)	78
Issuance of restricted stock units		(4,187)				(4,187)
Share-based compensation expense		25,068				25,068
Foreign Currency Translation				(40)		(40)
Net (loss)			(29,699)			(29,699)
Shares issued in primary offering (in shares)	2,415
Shares issued in primary offering	$ 2	332,170				332,172
Balances (in shares) at Dec. 31, 2021	43,449				14
Balances at Dec. 31, 2021	$ 43	$ 955,710	$ (235,623)	$ (120)	$ (256)	$ 719,754

Note 4 - Income Taxes - Effective Income Tax Rate Reconciliation (Details)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Tax at federal statutory rate	21.00%	21.00%	21.00%
State taxes, net of federal	7.40%	39.20%	36.60%
Permanent items	30.60%	284.40%	312.20%
Other	(0.20%)	5.60%	5.60%
State rate change	(0.50%)	0.20%	(24.30%)
Valuation allowance	(58.80%)	(352.50%)	(362.70%)
Effective tax rate	(0.50%)	(2.10%)	(11.60%)

Note 1 - Summary of Significant Accounting Policies (Details Textual) $ in Thousands		12 Months Ended
	Sep. 02, 2020 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)
Number of Operating Segments		1
Payments to Acquire Equity Method Investments		$ (0)	$ 27,894	$ (0)
Debt Issuance Costs, Net, Total		3,263
Contract with Customer, Asset, after Allowance for Credit Loss, Total		0	0
Advertising Expense		53,687	38,483	34,261
Prepaid Advertising		1,173	128	575
Cost of Goods and Services Sold, Total		263,343	185,880	131,665
Implementation Costs		7,380	10
Shipping and Handling [Member]
Cost of Goods and Services Sold, Total		47,713	27,167	$ 19,820
Draw Term Loan [Member]
Amortization of Debt Issuance Costs		485
Draw Term Loan [Member] \| Credit Facility [Member]
Debt Issuance Costs, Net, Total		2,797
Credit Facility [Member]
Debt Issuance Costs, Net, Total		3,166
Credit Facility [Member] \| Other Assets [Member]
Debt Issuance Costs, Net, Total		2,478	983
Credit Facility [Member] \| Other Current Assets [Member]
Debt Issuance Costs, Net, Total		$ 793	$ 284
Furniture and Fixtures [Member]
Property, Plant and Equipment, Useful Life (Year)		7 years
Transportation Equipment [Member]
Property, Plant and Equipment, Useful Life (Year)		5 years
Refrigeration Equipment [Member]
Property, Plant and Equipment, Useful Life (Year)		9 years
Machinery and Equipment [Member] \| Minimum [Member]
Property, Plant and Equipment, Useful Life (Year)		5 years
Machinery and Equipment [Member] \| Maximum [Member]
Property, Plant and Equipment, Useful Life (Year)		10 years
Building and Building Improvements [Member] \| Minimum [Member]
Property, Plant and Equipment, Useful Life (Year)		15 years
Building and Building Improvements [Member] \| Maximum [Member]
Property, Plant and Equipment, Useful Life (Year)		39 years
Privately Held Company, Not Primary Beneficiary [Member]
Equity Method Investment, Ownership Percentage	19.00%
Payments to Acquire Equity Method Investments	$ 27,900
Equity Method Investment, Aggregate Cost	26,600
Equity Method Investment, Transaction Costs	$ 1,300

Note 5 - Accrued Expenses (Tables)

12 Months Ended

Dec. 31, 2021

Notes Tables

Schedule of Accrued Liabilities [Table Text Block]

	*2021*		*2020*
Accrued Compensation and Employee Related Costs	$	6,934	$	8,185
Accrued Chiller Cost		2,050		2,049
Accrued Customer Consideration		828		502
Accrued Freight		1,547		1,002
Accrued Production Expenses		1,862		705
Accrued Corporate and Marketing Expenses		1,081		2,313
Other Accrued Expenses		648		615
Accrued Expenses	$	14,950	$	15,371

Note 8 - Equity Incentive Plans and Equity - Share Based Compensation Performance Shares Award Outstanding (Details) - Performance Shares [Member] $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($) $ / shares shares
Balance (in shares) \| shares	2,119
Balance, weighted average exercise price (in dollars per share) \| $ / shares	$ 66.19
Granted (in shares) \| shares	101
Granted, weighted average exercise price (in dollars per share) \| $ / shares	$ 154.83
Exercised (in shares) \| shares	(153)
Exercised, weighted average exercise price (in dollars per share) \| $ / shares	$ 9.82
Forfeited (in shares) \| shares	0
Forfeited, weighted average exercise price (in dollars per share) \| $ / shares	$ 0
Balance (in shares) \| shares	2,067
Balance, weighted average exercise price (in dollars per share) \| $ / shares	$ 74.71
Balance, average remaining contractual term (Year)	7 years 25 days
Balance, aggregate instrinsic value \| $	$ 87,896
Exercisable (in shares) \| shares	975
Exercisable, weighted average exercise price (in dollars per share) \| $ / shares	$ 14.03
Exercisable, average remaining contractual term (Year)	5 years 1 month 6 days
Exercisable, aggregate instrinsic value \| $	$ 80,020

Note 6 - Debt (Details Textual) - USD ($) $ in Thousands		12 Months Ended
Note 6 - Debt (Details Textual) - USD ($) $ in Thousands	Apr. 17, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Feb. 19, 2021
Debt Issuance Costs, Net, Total		$ 3,263
Unamortized Debt Issuance Expense		3,272	$ 1,220
Interest Expense, Debt, Total		2,882	1,212	$ 991
Credit Facility [Member]
Debt Agreement, Maximum Borrowing Capacity					$ 350,000
Long-term Debt, Total		0
Debt Issuance Costs, Net, Total		3,166
Interest Payable, Current		$ 0	$ 135	$ 298
Credit Facility [Member] \| Minimum [Member]
Line of Credit Facility, Commitment Fee Percentage		0.30%
Credit Facility [Member] \| Maximum [Member]
Line of Credit Facility, Commitment Fee Percentage		0.50%
Credit Facility [Member] \| Base Rate [Member] \| Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate	0.75%
Credit Facility [Member] \| Base Rate [Member] \| Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate	2.25%
Credit Facility [Member] \| London Interbank Offered Rate (LIBOR) [Member] \| Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate	1.75%
Credit Facility [Member] \| London Interbank Offered Rate (LIBOR) [Member] \| Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate	3.25%
Credit Facility [Member] \| Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 35,000				50,000
Credit Facility [Member] \| Draw Term Loan [Member]
Long-term Debt, Total	$ 130,000				$ 300,000
Draw Term Loan [Member]
Amortization of Debt Issuance Costs		$ 485

Note 1 - Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2021

Notes Tables

Disaggregation of Revenue [Table Text Block]

	*Twelve Months Ended*
	*December 31,*
	*2021*		*2020*		*2019*
Grocery (including Online), Mass and Club	$	356,965	$	272,008	$	206,550
Pet Specialty and Natural		68,524		46,782		39,312
Net Sales (a)	$	425,489	$	318,790	$	245,862

Note 3 - Property, Plant and Equipment

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

Note 3 – Property, Plant and Equipment:

	*December 31,*			*December 31,*
	*2021*			*2020*
Refrigeration Equipment	$	122,063		$	107,703
Machinery and Equipment		140,471			106,336
Building, Land, and Improvements		150,927			101,786
Furniture and Office Equipment		8,844			5,687
Leasehold Improvements		1,319			1,301
Construction in Progress		273,880			44,497
		697,504			367,310
Less: Accumulated Depreciation		(113,582	)		(86,237	)
Property, Plant and Equipment, net	$	583,922		$	281,073

Depreciation expense related to property, plant and equipment totaled $29,467, $20,805, and $15,600 for the years ended December 31, 2021, 2020 and 2019, respectively; of which $16,545, $9,576, and $6,370 was recorded in cost of goods sold for 2021, 2020 and 2019, respectively, with the remainder of depreciation and amortization expense being recorded to selling, general and administrative expense.

Note 8 - Equity Incentive Plans and Equity (Tables)

12 Months Ended

Dec. 31, 2021

Notes Tables

Share-based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block]

	*Shares*			*Weighted-Average Grant-Date Fair Value Per Unit*
Outstanding at December 31, 2020		170		$	43.60
Granted		47			152.27
Exercised/Vested		(109	)		38.64
Forfeited		(6	)		92.25
Outstanding at December 31, 2021		103		$	96.18

	*Shares*			*Weighted-Average Grant-Date Fair Value Per Unit*
Outstanding at December 31, 2020		23		$	55.54
Granted		-			-
Forfeited		(1	)		111.65
Outstanding at December 31, 2021		22		$	111.65

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

	*Year Ended December 31,*
	*2021*	*2020*	*2019*
Weighted average exercise price of options granted	$ 155.00	$ 135.55	$ 48.64
Expected volatility	50.4%	46.9% - 51.5%	47.6% - 48.5%
Average expected terms in years	6.1	5.8 - 7	6 - 6.6
Risk-free interest rate	1.1%	0.3% - 1.69%	2.27%
Expected dividend yield	0.0%	0.0%	0.0%

Performance Stock Options [Member]

Notes Tables

Share-based Payment Arrangement, Performance Shares, Outstanding Activity [Table Text Block]

Options	*Shares*			*Weighted Average Exercise Price*		*Average Remaining Contractual Term*		*Aggregate Intrinsic Value*
Outstanding at December 31, 2020		2,119		$	66.19
Granted		101			154.83
Exercised		(153	)		9.82
Forfeited		-			-
Outstanding at December 31, 2021		2,067		$	74.71		7.07	$	87,896
Exercisable at December 31, 2021		975		$	14.03		5.10	$	80,020

Service Period Stock Options [Member]

Notes Tables

Share-based Payment Arrangement, Option, Activity [Table Text Block]

Options	*Shares*			*Weighted Average Exercise Price*		*Average Remaining Contractual Term*		*Aggregate Intrinsic Value*
Outstanding at December 31, 2020		1,327		$	45.88
Granted		30			155.60
Exercised		(70	)		10.89
Forfeited		-			-
Outstanding at December 31, 2021		1,287		$	50.37		6.24	$	73,719
Exercisable at December 31, 2021		924		$	22.30		5.27	$	71,047

Note 3 - Property, Plant and Equipment - Summary of Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Property, plant and equipment, gross	$ 697,504	$ 367,310
Less: Accumulated Depreciation	(113,582)	(86,237)
Property, Plant and Equipment, net	583,922	281,073
Refrigeration Equipment [Member]
Property, plant and equipment, gross	122,063	107,703
Machinery and Equipment [Member]
Property, plant and equipment, gross	140,471	106,336
Land, Buildings and Improvements [Member]
Property, plant and equipment, gross	150,927	101,786
Furniture and Office Equipment [Member]
Property, plant and equipment, gross	8,844	5,687
Leasehold Improvements [Member]
Property, plant and equipment, gross	1,319	1,301
Construction in Progress [Member]
Property, plant and equipment, gross	$ 273,880	$ 44,497

Note 10 - Retirement Plan (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Defined Contribution Plan, Employer Discretionary Contribution Amount	$ 1,829	$ 1,416	$ 1,062
Maximum [Member]
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent	50.00%

Note 8 - Equity Incentive Plans and Equity

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Share-based Payment Arrangement [Text Block]

Note 8 – Equity Incentive Plans and Equity:

Total compensation cost for share-based payments recognized for the years ended December 31, 2021, 2020, and 2019 was approximately $24,998, $10,925, and $7,834, respectively. Cost of goods sold for the years ended December 31, 2021, 2020, and 2019 included share-based compensation of approximately $4,152, $2,132, and $922, respectively. Selling, general, and administrative expense for the year ended December 31, 2021, 2020, and 2019 included share-based compensation of approximately $20,846, $8,793, and $6,912, respectively. Capital expenditures recorded for the Freshpet Kitchens expansion project included share-based compensation of approximately $71, $232 and $221 during the years ended December 31, 2021, 2020 and 2019, respectively.

The Company maintains the approved 2010 Stock Plan (the "2010 Plan") under which options to purchase shares of the Company’s common stock were granted to employees and affiliates of the Company. These options are either time-based (vest over four years), performance-based (vest when performance targets are met, as defined in the stock option grant agreement), or vest at the occurrence of an exit event which is defined as a Change of Control in the Company, as defined in the stock grant agreement.

The options granted have maximum contractual terms of 10 years. The Board of Directors froze the 2010 Stock Plan such that no further grants may be issued under the 2010 Stock Plan.

The Company maintains the approved 2014 Omnibus Incentive Plan under which shares of common stock may be issued or used for reference purposes as awards granted under the 2014 Plan. These awards may be in the form of stock options, stock appreciation rights, restricted stock, as well as other stock-based and cash-based awards. As of December 31, 2021, the awards granted were either time-based (cliff vest over three years), performance-based (vest when performance targets are met, as defined in the stock option grant agreement), or restricted stock units (employee RSUs cliff vest over three years and non-employee director RSUs cliff vest over one year).

NASDAQ Marketplace Rules Inducement Award—During the year ended December 31, 2016, 500,000 service period stock options and 500,000 performance-based stock options were granted to the Company’s CEO as an inducement under the NASDAQ Marketplace Rules and during the first quarter of 2020, 15,000 service period stock options were granted to the Executive Vice President of Finance, at the time, who is currently Chief Financial Officer as an inducement under the NASDAQ Marketplace Rules, and therefore outside of any Plan. Under the terms of the applicable agreement, each grant is governed as if issued under the 2014 Omnibus Plan. The awards granted are time-based (cliff vest over four years and three years, respectively) and performance-based (vest when performance targets are met, as defined in the stock option grant agreement).

Service Period Stock Options—A summary of service period stock options outstanding and changes under the plans during the year ended December 31, 2021 is presented below:

Options	*Shares*			*Weighted Average Exercise Price*		*Average Remaining Contractual Term*		*Aggregate Intrinsic Value*
Outstanding at December 31, 2020		1,327		$	45.88
Granted		30			155.60
Exercised		(70	)		10.89
Forfeited		-			-
Outstanding at December 31, 2021		1,287		$	50.37		6.24	$	73,719
Exercisable at December 31, 2021		924		$	22.30		5.27	$	71,047

As of December 31, 2021, there was $20,658 of total unrecognized compensation costs related to non-vested service period options, of which $6,203 will be incurred in 2022, $5,346 will be incurred in 2023, $8,948 will be incurred in 2024 and the remaining $161 will be incurred in 2025.

Performance Based Options—Performance based option vesting is contingent upon the Company achieving certain annual Net Sales or Adjusted EBITDA goals. A summary of performance-based stock options outstanding and changes under the plans during the year ended December 31, 2021 is presented below:

Options	*Shares*			*Weighted Average Exercise Price*		*Average Remaining Contractual Term*		*Aggregate Intrinsic Value*
Outstanding at December 31, 2020		2,119		$	66.19
Granted		101			154.83
Exercised		(153	)		9.82
Forfeited		-			-
Outstanding at December 31, 2021		2,067		$	74.71		7.07	$	87,896
Exercisable at December 31, 2021		975		$	14.03		5.10	$	80,020

As of December 31, 2021, unrecognized compensation costs related to the 801 performance-based awards for which the achievement of the vesting criteria is considered probable as of December 31, 2021 have performance target dates ranging from December 31, 2021 through December 31, 2024. The total unrecognized compensation costs for these performance-based awards was $34,988 as of December 31, 2021, of which $12,918 will be incurred in 2022, $11,477 will be incurred in 2023, and the remaining $10,593 will be incurred in 2024.

As of December 31, 2021, there were 305 unvested performance-based options outstanding that were deemed not probable, with an aggregate fair value of $22,501.

Service Period Restricted Stock Units—The following table includes activity related to outstanding restricted stock units during the twelve months ended December 31, 2021.

	*Shares*			*Weighted-Average Grant-Date Fair Value Per Unit*
Outstanding at December 31, 2020		170		$	43.60
Granted		47			152.27
Exercised/Vested		(109	)		38.64
Forfeited		(6	)		92.25
Outstanding at December 31, 2021		103		$	96.18

As of December 31, 2021, there was approximately $6,251 of total unrecognized compensation costs related to restricted stock units, of which $3,442 will be incurred in 2022, $1,974 will be incurred in 2023, $792 will be incurred in 2024, and $44 will be incurred in 2025.

Performance Based Restricted Stock Units—The following table includes activity related to outstanding restricted stock units during the twelve months ended December 31, 2021.

	*Shares*			*Weighted-Average Grant-Date Fair Value Per Unit*
Outstanding at December 31, 2020		23		$	55.54
Granted		-			-
Forfeited		(1	)		111.65
Outstanding at December 31, 2021		22		$	111.65

As of December 31, 2021, unrecognized compensation costs related to the 22 performance-based restricted stock units for which the achievement of the vesting criteria is considered probable as of December 31, 2021 have performance target dates related to the twelve months ended December 31, 2023. The total unrecognized compensation costs for these performance-based awards was $1,487 as of December 31, 2021, of which $744 will be incurred in 2022, and the remaining $743 will be incurred in 2023.

Grant Date Fair Value of Options—The weighted average grant date fair value of options (service period options and performance based options) granted during the years ended December 31, 2021, 2020, and 2019 were $74.90, $68.93 and $24.24 per share, respectively.

Expected Volatility—Expected volatility was based on the historical volatility of the Company’s common stock.

Weighted Average Expected Term—The Company determined the expected term based on the “shortcut method” described in FASB ASC 718, Compensation—Stock Compensation (an expected term based on the midpoint between the vesting date and the end of the contractual term).

Risk-Free Interest Rate—The risk-free interest rates are based on the U.S. Treasury yield for a period consistent with the expected term of the option in effect at the time of the grant.

Expected Dividend Yield—The Company has not historically declared dividends, and no future dividends are expected to be available to benefit option holders. Accordingly, the Company used an expected dividend yield of zero in the valuation model.

	*Year Ended December 31,*
	*2021*	*2020*	*2019*
Weighted average exercise price of options granted	$ 155.00	$ 135.55	$ 48.64
Expected volatility	50.4%	46.9% - 51.5%	47.6% - 48.5%
Average expected terms in years	6.1	5.8 - 7	6 - 6.6
Risk-free interest rate	1.1%	0.3% - 1.69%	2.27%
Expected dividend yield	0.0%	0.0%	0.0%

Note 11 - Concentrations

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Concentration Risk Disclosure [Text Block]

Note 11 – Concentrations:

Concentration of Credit Risk—The Company maintains its cash balances in financial institutions that are insured by the Federal Deposit Insurance Corporation up to $250,000 each. At times, such balances may be in excess of the FDIC insurance limit.

Major Customers—In 2021, 2020, and 2019, net sales to one of our distributors which sells directly to three of our customers, accounted for 16%, 18%, and 17% of our net sales, respectively. In 2021 and 2020, no customers accounted for 10% of our net sales, while in 2019 one customer accounted for more than 10% of our net sales. As of December 31, 2021, two distributors and two customers accounted for 20%, 10%, 14% and 13% respectively, of our accounts receivable. As of December 31, 2020, one distributer and two customers accounted for 8%, 23% and 20%, respectively, of our account receivable.

Major Suppliers—The Company purchased approximately 21% of its raw materials from one vendor during 2021, approximately 23% of its raw materials from one vendor during 2020, and approximately 27% of its raw materials from one vendor during 2019.

The Company purchased approximately 84% of its packaging material from five vendors during 2021, 88% of its packaging material from five vendors during 2020, and approximately 80% of its packaging material from three vendors during 2019.

Note 1 - Summary of Significant Accounting Policies - Net Sales by Class of Retailer (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2021

Dec. 31, 2020

Dec. 31, 2019

Net Sales

^[1]

$ 425,489

$ 318,790

$ 245,862

Grocery (including Online), Mass and Club [Member]

Net Sales

356,965

272,008

206,550

Pet Specialty and Natural [Member]

Net Sales

$ 68,524

$ 46,782

$ 39,312

[1]	Online sales associated with each class of retailer are included within their respective total.

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

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+ Details

Note 6 - Debt

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Debt Disclosure [Text Block]

Note 6 – Debt:

On February 19, 2021, the Company entered into the Sixth Amended and Restated Loan and Security Agreement ("Sixth Amendment"), which amended and restated in full the Company's Fifth Amended and Restated Loan and Security Agreement, dated as of April 17, 2020. The Sixth Amendment provides for a $350,000 senior secured credit facility (the "Credit Facility"), encompassing a $300,000 delayed draw term loan facility (the "Delayed Draw Facility") and a $50,000 revolving loan facility (the "Revolving Loan Facility"), which replaces the Company's prior $130,000 delayed draw term loan facility and $35,000 revolving loan facility.

The Credit Facility matures on February 19, 2026 and borrowings thereunder bear interest at variable rates depending on the Company's election, either at a base rate or at LIBOR (or a comparable successor rate if LIBOR no longer exists), in each case, plus an applicable margin. Subject to the Company's leverage ratio, the applicable margin varies between 0.75% and 2.25% for base rate loans and 1.75% and 3.25% for LIBOR loans. The Company has the option to borrow term loans under the Delayed Draw Facility ("Delayed Draw Term Loans") until August 19, 2023, subject to certain conditions. Commencing on August 19, 2022, the amount of any outstanding Delayed Draw Term Loans shall be repayable in equal consecutive quarterly installments equal to 1/28th of the total single term loan ("the Initial Combined Delayed Draw Term Loan"). Commencing on August 19, 2023, the amount of any outstanding Delayed Draw Term Loans, combined with the Initial Combined Delayed Draw Term Loan, shall be repayable in equal consecutive quarterly installments equal to 1/28th of the outstanding Delayed Draw Term Loans and the remainder shall be due and payable on February 19, 2026.

Borrowings under the Credit Facility are secured by substantially all of the Company's and certain of its subsidiaries' assets. The Sixth Amendment requires compliance with various covenants customary for agreements of this type, including financial covenants and negative covenants that limit, among other things, the Company's ability to incur additional debt, create or incur liens, engage in mergers or consolidations, sell, transfer or otherwise dispose of assets, make voluntary prepayments to subordinated debt, permit a change of control, pay dividends or distributions, make investments, and enter into certain transaction with affiliates. The Sixth Amendment also includes events of default customary for agreements of this type.

As of December 31, 2021, the Company had no debt outstanding under the Credit Facility. The Credit Facility includes a quarterly commitment fee on any unused amounts at a per annum rate between 0.30% to 0.50% depending on the aggregate principal outstanding.

In connection with entering into the Sixth Amendment, the Company newly incurred $3,166 of debt issuance costs, which are capitalized on the balance sheet and amortized over the life of the Credit Facility, and wrote off $485 of fees incurred from the prior credit facilities under ASC 470-50. As of December 31, 2021 and 2020, there was $3,272 and $1,220 of debt issuance cost from the Credit Facility as well as fees incurred from the prior credit facilities applied to the Credit Facility under ASC 835-30 along with ASU 2015-03.

Interest expense and fees totaled $2,882, $1,212 and $991 for the years ended December 31, 2021, 2020 and 2019, respectively. There was no accrued interest on the credit facilities as of December 31, 2021, $135 of accrued interest on the credit facilities as of December 31, 2020, and 298 of accrued interest on the credit facilities as of December 31, 2019.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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+ Details

Note 7 - Commitments and Contingencies

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Commitments and Contingencies Disclosure [Text Block]

Note 7 – Commitments and Contingencies

Commitments – The Company’s obligations include leases for office space under non-cancelable operating leases, manufacturing processing and utility servicing that expire at various dates through April 1, 2027.

Leases:

We have various noncancellable lease agreements for office and warehouse space, as well as office equipment, with original remaining lease terms of two years to nine years, some of which include an option to extend the lease term for up to five years. Because the Company is not reasonably certain to exercise these renewal options, the options are not considered in determining the lease term and associated potential option payments are excluded from lease payments. The Company’s leases generally do not include termination options for either party to the lease or restrictive financial or other covenants.

Weighted-average remaining lease term (in years) and discount rate related to operating leases were as follows:

	*As of December 31,*
	*2021*			*2020*
Weighted-average remaining lease term		4.51			5.43
Weighted-average discount rate		6.2	%		6.1	%

As most of our leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at the date of adoption to determine the present value of lease payments.

Costs related to lease obligations for the years ended December 31, 2021 and 2020 were as follows:

	For the Twelve Months Ended December 31,
	2021		2020
Operating lease cost	$	1,779	$	1,796

Supplemental cash flow information and non-cash activity relating to operating leases are as follows:

	*For the Twelve Months Ended December 31,*
	*2021*		*2020*
Cash paid for amounts included in the measurement of lease liabilities	$	1,753	$	1,707
Right-of-use assets obtained in exchange for lease obligations	$	-	$	18

As of December 31, 2021, future minimum payments due under lease obligations for five years were as follows:

Operating Lease Obligations	*As of December 31, 2021*
2022	$	1,764
2023		1,802
2024		1,511
2025		1,210
2026 and beyond		1,576
Total lease payments	$	7,863
Less: Imputed interest		(769	)
Present value of lease liabilities	$	7,094

Rent expense for operating leases, in accordance with the leasing standard was $1,606 in 2019.

As of December 31, 2021, future minimum payments due under manufacturing and service obligations for five years were as follows:

Manufacturing and Servicing Obligations	*December 31, 2021*
2022	$	7,366
2023		3,288
2024		4,783
2025 and beyond		712
Total Manufacturing and Servicing Obligations	$	16,149

Certain of the Company’s executives are covered by employment contracts requiring the Company to pay severance in the event of certain terminations.

Legal Obligations:

A shareholder derivative lawsuit, Meldon v. Freshpet, Inc. et al, Docket No. 2:18-cv-10166, was instituted June 5, 2018 in the United States District Court for the District of New Jersey against us and certain of our current and former executive officers and directors on behalf of certain holders of our common stock. We were served with a copy of the complaint in June 2018. The plaintiffs sought to recover damages for investors based on state law claims (alleged breaches of fiduciary duty, waste, and unjust enrichment) in connection with the alleged violations of federal securities laws alleged in the Curran action. On April 3, 2019, the Court granted a stay of the Meldon case pending resolution of certain matters in a related case, Curran v. Freshpet, Inc., which has been settled. The parties to the Meldon action then entered into settlement discussions, after which the parties reached an agreement in principle to settle the case based on the Company's commitment to continue certain governance practices. The parties also reached agreement on attorneys' fees. The settlement was approved and certified on August 4, 2020.

In addition, we are currently involved in various claims and legal actions that arise in the ordinary course of our business, including claims resulting from employment related matters. None of these claims or proceedings, most of which are covered by insurance, are expected to have a material adverse effect on our business, financial condition, results of operations or cash flows. However, a significant increase in the number of these claims or an increase in amounts owing under successful claims could materially and adversely affect our business, financial condition, results of operations or cash flows.

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
CURRENT ASSETS:
Cash and cash equivalents	$ 72,788	$ 67,247
Accounts receivable, net of allowance for doubtful accounts	34,780	18,438
Inventories, net	35,574	19,119
Prepaid expenses	5,834	3,378
Other current assets	1,349	914
Total Current Assets	150,325	109,096
Property, plant and equipment, net	583,922	281,073
Deposits on equipment	4,100	3,710
Operating lease right of use assets	6,537	7,866
Equity method investment	25,856	27,894
Other assets	13,670	4,749
Total Assets	784,410	434,388
CURRENT LIABILITIES:
Accounts payable	42,612	16,452
Accrued expenses	14,950	15,371
Current operating lease liabilities	1,384	1,298
Total Current Liabilities	58,946	33,121
Long term operating lease liabilities	5,710	7,098
Total Liabilities	64,656	40,219
STOCKHOLDERS' EQUITY:
Common stock — voting, $0.001 par value, 200,000 shares authorized, 43,449 issued and 43,435 outstanding on December 31, 2021, and 40,732 issued and 40,718 outstanding on December 31, 2020	43	41
Additional paid-in capital	955,710	600,388
Accumulated deficit	(235,623)	(205,924)
Accumulated other comprehensive (loss)	(120)	(80)
Treasury stock, at cost — 14 shares on December 31, 2021 and on December 31, 2020	(256)	(256)
Total Stockholders' Equity	719,754	394,169
Total Liabilities and Stockholders' Equity	$ 784,410	$ 434,388

Consolidated Balance Sheets (Parentheticals) - $ / shares shares in Thousands	Dec. 31, 2021	Dec. 31, 2020
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, authorized (in shares)	200,000	200,000
Common stock, issued (in shares)	43,449	40,732
Common stock, outstanding (in shares)	43,435	40,718
Treasury Stock, Shares (in shares)	14	14

Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2021

Dec. 31, 2020

Dec. 31, 2019

NET SALES

^[1]

$ 425,489

$ 318,790

$ 245,862

COST OF GOODS SOLD

263,343

185,880

131,665

GROSS PROFIT

162,146

132,910

114,197

SELLING, GENERAL, AND ADMINISTRATIVE EXPENSES

186,809

134,908

114,450

(LOSS) FROM OPERATIONS

(24,663)

(1,998)

(253)

OTHER INCOME/(EXPENSES):

Other Income/(Expenses), net

Interest Expense

(2,882)

(1,212)

(991)

Nonoperating Income (Expense), Total

(2,869)

(1,125)

(986)

(LOSS) BEFORE INCOME TAXES

(27,532)

(3,123)

(1,239)

INCOME TAX EXPENSE

162

144

LOSS ON EQUITY METHOD INVESTMENT

2,005

(LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS

(29,699)

(3,188)

(1,383)

OTHER COMPREHENSIVE (LOSS):

Change in foreign currency translation

(40)

(1)

(48)

TOTAL COMPREHENSIVE (LOSS)

$ (29,740)

$ (3,189)

$ (1,430)

NET (LOSS) PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS

-BASIC (in dollars per share)

$ (0.69)

$ (0.08)

$ (0.04)

-DILUTED (in dollars per share)

$ (0.69)

$ (0.08)

$ (0.04)

WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING USED IN COMPUTING NET (LOSS) PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS

-BASIC (in shares)

42,931

39,758

35,950

-DILUTED (in shares)

42,931

39,758

35,950

[1]	Online sales associated with each class of retailer are included within their respective total.

Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Basis of Accounting, Policy [Policy Text Block]

Basis of Presentation – The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the U.S. (“U.S. GAAP”). All amounts included in the consolidated financial statements have been rounded except where otherwise stated. As figures are rounded, numbers presented throughout this document may not add up precisely to the totals we provide and percentages may not precisely reflect the absolute figures.

Consolidation, Policy [Policy Text Block]

Principles of Consolidation – The financial statements include the accounts of the Company as well as the Company’s wholly-owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation.

Segment Reporting, Policy [Policy Text Block]

Segments – The Company operates as a single operating segment reporting to its chief operating decision maker.

Equity Method Investments [Policy Text Block]

Equity method investment – The Company utilizes the equity method to account for investments when the Company possesses the ability to exercise significant influence, but not control, over the operating and financial policies of the investee. The ability to exercise significant influence is presumed when an investor possesses more than 20% of the voting interests of the investee. This presumption may be overcome based on specific facts and circumstances that demonstrate that the ability to exercise significant influence is restricted. The Company applies the equity method to investments in common stock and to other investments when such other investments possess substantially identical subordinated interests to common stock. The Company has elected to record its share of equity in income (losses) of equity method investments on a one-quarter lag based on the most recently available financial statements.

On September 2, 2020, the Company acquired a 19% interest in a privately held company that operates in our industry for $27.9 million. The Company concluded that they are not the primary beneficiary, which is primarily the result of the Company's conclusion that it does not have the power to direct activities that most significantly impact the economic performance. The total $27.9 million is comprised of an initial investment of $26.6 million and $1.3 million of transaction costs. The Company accounts for the investment under the equity method of accounting based on our ability to exercise significant influence even though the Company's percentage of ownership is below 20%. The basis difference between the Company's carrying value of its investment and the amount of underlying equity in net assets of the privately held company is not material to the Company's consolidated financial statements.

In applying the equity investment method, the Company records the investment at cost and subsequently increases or decreases the carrying amount of the investment by our proportionate share of the net income or loss.

Use of Estimates, Policy [Policy Text Block]

Estimates and Uncertainties – The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Estimates are used in determining, among other items, trade incentives, share-based compensation and useful lives for long-lived assets. Actual results, as determined at a later date, could differ from those estimates.

Cash and Cash Equivalents, Policy [Policy Text Block]

Cash and Cash Equivalents – The Company at times considers money market funds and all other highly liquid debt instruments purchased with an original maturity of three months or less to be cash equivalents.

Receivable [Policy Text Block]

Trade Account Receivable – The allowance for doubtful accounts is based on the Company's assessment of the collectability of customer accounts. The Company regularly reviews the allowance by considering factors such as historical experience, credit quality, the age of the accounts receivable balances and current economic conditions that may affect a customer's ability to pay.

Inventory, Policy [Policy Text Block]

Inventories – Inventories are stated at the lower of cost or market, using the first-in, first-out method. When necessary, the Company provides allowances to adjust the carrying value of its inventories to the lower of cost or net realizable value, including any costs to sell or dispose and consideration for obsolescence, excessive inventory levels, product deterioration and other factors in evaluating net realizable value.

Property, Plant and Equipment, Policy [Policy Text Block]

Property, Plant and Equipment – Property, plant and equipment are recorded at cost. The Company provides for depreciation on the straight-line method by charges to income at rates based upon estimated recovery periods of 7 years for furniture and office equipment, 5 years for automotive equipment, 9 years for refrigeration equipment, 5 to 10 years for machinery and equipment, and 15 to 39 years for building and improvements. Capitalized cost includes the costs incurred to bring the property, plant and equipment to the condition and location necessary for its intended use, which includes any necessary delivery, electrical and installation cost for equipment. Maintenance and repairs that do not extend the useful life of the assets over two years are charged to expense as incurred. Leasehold improvements are amortized over the shorter of the term of the related lease or the estimated useful lives on the straight-line method.

Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]

Long-Lived Assets – The Company evaluates all long-lived assets for impairment. Long-lived assets are evaluated for impairment whenever events or changes in circumstances indicate the carrying value of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to estimated undiscounted future net cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated undiscounted future net cash flows, an impairment charge is recognized by the amount by which the carrying amount of the asset exceeds the fair value of the asset. Recoverability of assets held for sale is measured by a comparison of the carrying amount of an asset or asset group to their fair value less estimated costs to sell. Estimating future cash flows and calculating fair value of assets requires significant estimates and assumptions by management. If the carrying amount is not fully recoverable, an impairment loss is recognized to reduce the carry amount to fair value and is charged to expense in the period of impairment.

Income Tax, Policy [Policy Text Block]

Income Taxes – The Company provides for deferred income taxes for temporary differences between financial and income tax reporting, principally net operating loss carryforwards, depreciation, and share-based compensation. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the years in which those temporary differences are expected to be recovered or settled.

A valuation allowance is appropriate when management believes it is more likely than not, the deferred tax asset will not be realized. At December 31, 2021, and 2020, the Company determined that full valuation of its net deferred tax assets and liabilities is appropriate.

Share-based Payment Arrangement [Policy Text Block]

Share-based Compensation – The Company recognizes share-based compensation based on the value of the portion of share-based payment awards that is ultimately expected to vest during the period. The Company estimates grant date fair value of its options using the Black-Scholes Merton option-pricing model. Share awards are amortized under the straight-line method over the requisite service period of the entire award. The Company accounts for forfeitures as they occur.

Fair Value of Financial Instruments, Policy [Policy Text Block]

Fair Value of Financial Instruments – Financial Accounting Standards Board (“FASB”) guidance specifies a hierarchy of valuation techniques based on whether the inputs to those valuation techniques are observable or unobservable. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect market assumptions. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurement) and the lowest priority to unobservable inputs (Level 3 measurement).

The three levels of the fair value hierarchy are as follows:

●

Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. Level 1 primarily consists of financial instruments whose value is based on quoted market prices such as exchange-traded instruments and listed equities.

●

Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly (e.g., quoted prices of similar assets or liabilities in active markets, or quoted prices for identical or similar assets or liabilities in markets that are not active). Level 2 includes financial instruments that are valued using models or other valuation methodologies.

●

Level 3 – Unobservable inputs for the asset or liability. Financial instruments are considered Level 3 when their fair values are determined using pricing models, discounted cash flows or similar techniques and at least one significant model assumption or input is unobservable.

The carrying amounts reported in the balance sheets for cash and cash equivalents, other receivables, accounts payable and accrued expenses approximate their fair value based on the short-term maturity of these instruments. Certain assets, including the equity method investment, right-of-use assets and property and equipment are also subject to measurement at fair value on a non-recurring basis if they are deemed to be impaired as a result of an impairment review.

As of December 31, 2021, the Company only maintained Level 1 assets and liabilities.

Debt Issuance Cost - During the first quarter of 2021, as part of the Sixth Amendment (as defined below), the Company incurred an additional $3,263 of fees in 2021 associated with the debt modification, of which $2,797 of the fees were related to the Delayed Draw Term Loan (as defined below) with the remaining balance relating to the Revolving Loan Facility (as defined below). The Company also wrote down $485 of fees incurred from the prior credit facilities. The Company's policy is to record the debt issuance cost related to the Delayed Draw Term Loan, net of debt, for the portion of the Delayed Draw Term Loan that is outstanding, with the remaining amount recorded within assets. As of December 31, 2021 and 2020, there was $2,478 and $983 of debt issuance cost that was recorded to other assets, and $793 and $284 was recorded to other current assets, respectively.

The Company amortizes debt issuance costs categorized as assets on a straight-line basis over the term of the loan and amortizes the debt issuance costs that are categorized net of debt using the effective interest method, over the term of the loan.

Revenue from Contract with Customer [Policy Text Block]

Revenue Recognition and Incentives – Revenues primarily consist of the sale of pet food products that are sold to retailers through broker and distributor arrangements. These revenue contracts generally have single performance obligations. Revenue, which includes shipping and handling charges billed to the customer, is reported net of applicable trade incentives and allowances. Amounts billed and due from our customers are classified as receivables and require payment on a short-term basis and, therefore, we do not have any significant financing components.

Revenue from product sales is recognized when obligations under the terms of the contract with the customer are satisfied, which occurs once control is transferred upon delivery to the customer. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring goods.

The amount of consideration the Company receives and revenue the Company recognizes varies with changes in trade incentives the Company offers to its customers and their consumers. Trade incentives consists primarily of customer pricing allowances and merchandising funds, and consumer coupons are offered through various programs to customers and consumers. Estimates of trade promotion expense and coupon redemption costs are based upon programs offered, timing of those offers, estimated redemption/usage rates from historical performance, management’s experience and current economic trends.

Sales taxes and other similar taxes are excluded from revenue.

There were no contract assets as of December 31, 2021 and 2020.

Net Sales – Information about the Company’s net sales by class of retailer is as follows:

	*Twelve Months Ended*
	*December 31,*
	*2021*		*2020*		*2019*
Grocery (including Online), Mass and Club	$	356,965	$	272,008	$	206,550
Pet Specialty and Natural		68,524		46,782		39,312
Net Sales (a)	$	425,489	$	318,790	$	245,862

(a) Online sales associated with each class of retailer are included within their respective total.

Advertising Cost [Policy Text Block]

Advertising – Advertising costs are expensed when incurred, with the exception of production costs which are expensed the first time advertising takes place. Advertising costs, consisting primarily of media ads, were $53,687, $38,483, and $34,261, in 2021, 2020, and 2019, respectively. As of December 31, 2021, 2020, and 2019 we had $1,173, $128 and $575, respectively, of production cost in prepaid expense, representing advertising that had yet to take place.

Revenue Recognition, Shipping And Handling Cost [Policy Text Block]

Shipping and Handling Costs/Freight Out – Costs incurred for shipping and handling are included in selling, general, and administrative expenses within the statement of operations and comprehensive loss. Shipping and handling costs primarily consist of costs associated with moving finished products to customers, including costs associated with our distribution center and the cost of shipping products to customers through third-party carriers. Shipping and handling cost totaled $47,713, $27,167, and $19,820 for the years ended December 31, 2021, 2020 and 2019, respectively.

Implementation Costs of Cloud Computing Arrangement Policy [Policy Text Block]

Implementation Costs of Cloud Computing Arrangement – As of December 31, 2021 and 2020, the Company incurred $7,380 and $10, respectively, in costs related to the implementation costs of our new ERP system associated with our cloud computing arrangement within other assets. The cost will be recognized over the term of the agreement, expected to begin in 2022.

New Accounting Pronouncements, Policy [Policy Text Block]

Recently Adopted Standards

In January 2020, the FASB issued Accounting Standards Update No. 2020-01, Investments - Equity Services (Topic 321), Investments - Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815): Clarifying the Interactions between Topic 321, Topic 323, and Topic 815. The standard addresses accounting for the transition into and out of the equity method and measurement of certain purchased options and forward contracts to acquire investments. We adopted the requirements of ASU 2020-01 prospectively as of January 1, 2021. The adoption of ASU 2020-01 did not have a significant impact on our consolidated financial statements.

We consider the applicability and impact of all Accounting Standards Updates (ASUs) issued by the Financial Accounting Standards Board (FASB).

Note 8 - Equity Incentive Plans and Equity (Details Textual) - USD ($) $ / shares in Units, Pure in Thousands, $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2016
Share-based Payment Arrangement, Expense		$ 24,998	$ 10,925	$ 7,834
Share-based Payment Arrangement, Expensed and Capitalized, Amount, Total		$ 71	$ 232	$ 221
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)		$ 74.90	$ 68.93	$ 24.24
Executive Vice President [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares)	15,000
Service Period Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares)		30
Share-based Payment Arrangement, Nonvested Award, Option, Cost Not yet Recognized, Amount		$ 20,658
Service Period Stock Options [Member] \| Share-based Payment Arrangement, Tranche One [Member]
Share-based Payment Arrangement, Nonvested Award, Option, Cost Not yet Recognized, Amount		6,203
Service Period Stock Options [Member] \| Share-based Payment Arrangement, Tranche Two [Member]
Share-based Payment Arrangement, Nonvested Award, Option, Cost Not yet Recognized, Amount		5,346
Service Period Stock Options [Member] \| Share-based Payment Arrangement, Tranche Three [Member]
Share-based Payment Arrangement, Nonvested Award, Option, Cost Not yet Recognized, Amount		8,948
Service Period Stock Options [Member] \| Share-based Payment Arrangement, Tranche Four [Member]
Share-based Payment Arrangement, Nonvested Award, Option, Cost Not yet Recognized, Amount		$ 161
Service Period Stock Options [Member] \| Chief Executive Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)	4 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares)					500,000
Share-based Payment Arrangement, Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate		0.00%	0.00%	0.00%
Performance Stock Options [Member] \| Chief Executive Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares)					500,000
Performance Stock Options With Probable Vesting Criteria [Member]
Unrecognized Compensation Costs, Performance Based Awards (in shares)		801,000
Share-based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount		$ 34,988
Performance Stock Options With Probable Vesting Criteria [Member] \| Share-based Payment Arrangement, Tranche One [Member]
Share-based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount		12,918
Performance Stock Options With Probable Vesting Criteria [Member] \| Share-based Payment Arrangement, Tranche Two [Member]
Share-based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount		11,477
Performance Stock Options With Probable Vesting Criteria [Member] \| Share-based Payment Arrangement, Tranche Three [Member]
Share-based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount		$ 10,593
Performance Stock Options Deemed Not Probable To Vest [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Exercises in Period (in shares)		305,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value		$ 22,501
Service Period Restricted Stock Units [Member]
Share-based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount		6,251
Service Period Restricted Stock Units [Member] \| Share-based Payment Arrangement, Tranche One [Member]
Share-based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount		3,442
Service Period Restricted Stock Units [Member] \| Share-based Payment Arrangement, Tranche Two [Member]
Share-based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount		1,974
Service Period Restricted Stock Units [Member] \| Share-based Payment Arrangement, Tranche Three [Member]
Share-based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount		792
Service Period Restricted Stock Units [Member] \| Share-based Payment Arrangement, Tranche Four [Member]
Share-based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount		$ 44
Performance Based Restricted Stock Units [Member]
Unrecognized Compensation Costs, Performance Based Awards (in shares)		22,000
Share-based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount		$ 1,487
Performance Based Restricted Stock Units [Member] \| Share-based Payment Arrangement, Tranche One [Member]
Share-based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount		744
Performance Based Restricted Stock Units [Member] \| Share-based Payment Arrangement, Tranche Two [Member]
Share-based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount		$ 743
Stock Plan 2010 [Member] \| Service Period Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)		4 years
The 2010 Stock Plan [Member] \| Share-based Payment Arrangement, Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year)		10 years
Omnibus Incentive Plan 2014 [Member] \| Service Period Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)		3 years
Omnibus Incentive Plan 2014 [Member] \| Service Period Stock Options [Member] \| Share-based Payment Arrangement, Employee [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)		3 years
Omnibus Incentive Plan 2014 [Member] \| Restricted Stock Units (RSUs) [Member] \| Share-based Payment Arrangement, Employee [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)		1 year
Cost of Sales [Member]
Share-based Payment Arrangement, Expense		$ 4,152	$ 2,132	$ 922
Selling, General and Administrative Expenses [Member]
Share-based Payment Arrangement, Expense		$ 20,846	$ 8,793	$ 6,912

Note 2 - Inventories (Tables)

12 Months Ended

Dec. 31, 2021

Notes Tables

Schedule of Inventory, Current [Table Text Block]

	*December 31,*			*December 31,*
	*2021*			*2020*
Raw Materials and Work in Process	$	13,339		$	9,347
Packaging Components Material		2,823			1,872
Finished Goods		19,704			8,365
		35,866			19,584
Reserve for Obsolete Inventory		(292	)		(465	)
Inventories, net	$	35,574		$	19,119

Note 4 - Income Taxes - Components of Income Tax Expense Benefit (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Federal	$ 0	$ 0	$ 0
State	162	65	144
International	0	0	0
Current Income Tax Expense (Benefit), Total	$ 162	$ 65	$ 144

Note 7 - Commitments and Contingencies - Lease Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Weighted-average remaining lease term (Year)	4 years 6 months 3 days	5 years 5 months 4 days
Weighted-average discount rate	6.20%	6.10%
Operating lease cost	$ 1,779	$ 1,796
Cash paid for amounts included in the measurement of lease liabilities	1,753	1,707
Right-of-use assets obtained in exchange for lease obligations	$ 0	$ 18

Note 8 - Equity Incentive Plans and Equity - Stock Options Activity (Details) - Service Period Stock Options [Member] $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($) $ / shares shares
Balance (in shares) \| shares	1,327
Balance, weighted average exercise price (in dollars per share) \| $ / shares	$ 45.88
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares) \| shares	30
Granted, weighted average exercise price (in dollars per share) \| $ / shares	$ 155.60
Exercised (in shares) \| shares	(70)
Exercised, weighted average exercise price (in dollars per share) \| $ / shares	$ 10.89
Forfeited (in shares) \| shares	0
Forfeited, weighted average exercise price (in dollars per share) \| $ / shares	$ 0
Balance (in shares) \| shares	1,287
Balance, weighted average exercise price (in dollars per share) \| $ / shares	$ 50.37
Balance, average remaining contractual term (Year)	6 years 2 months 26 days
Balance, aggregate intrinsic value \| $	$ 73,719
Exercisable (in shares) \| shares	924
Exercisable, weighted average exercise price (in dollars per share) \| $ / shares	$ 22.30
Exercisable, average remaining contractual term (Year)	5 years 3 months 7 days
Exercisable, aggregate intrinsic value \| $	$ 71,047

Note 9 - Earnings Per Share Attributable to Common Stockholder - Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Antidilutive Securities (in shares)	2,437	2,555	1,770
Service Period Stock Options [Member]
Antidilutive Securities (in shares)	1,291	1,356	1,500
Restricted Stock Units (RSUs) [Member]
Antidilutive Securities (in shares)	173	190	236
Performance Stock Options [Member]
Antidilutive Securities (in shares)	972	1,009	34

Note 3 - Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2021

Notes Tables

Property, Plant and Equipment [Table Text Block]

	*December 31,*			*December 31,*
	*2021*			*2020*
Refrigeration Equipment	$	122,063		$	107,703
Machinery and Equipment		140,471			106,336
Building, Land, and Improvements		150,927			101,786
Furniture and Office Equipment		8,844			5,687
Leasehold Improvements		1,319			1,301
Construction in Progress		273,880			44,497
		697,504			367,310
Less: Accumulated Depreciation		(113,582	)		(86,237	)
Property, Plant and Equipment, net	$	583,922		$	281,073

Note 4 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	*Year Ended December 31,*
	*2021*		*2020*		*2019*
Federal	$	—	$	—	$	—
State		162		65		144
International		—		—		—
	$	162	$	65	$	144

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	*Year Ended December 31,*
	*2021*			*2020*			*2019*
Tax at federal statutory rate		21.0	%		21.0	%		21.0	%
State taxes, net of federal		7.4	%		39.2	%		36.6	%
Permanent items		30.6	%		284.4	%		312.2	%
Other		(0.2	%)		5.6	%		5.6	%
State rate change		(0.5	%)		0.2	%		(24.3	%)
Valuation allowance		(58.8	%)		(352.5	%)		(362.7	%)
Effective tax rate		(0.5	%)		(2.1	%)		(11.6	%)

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	*Year Ended December 31,*
	*2021*			*2020*			*2019*
Net operating loss	$	73,436		$	60,268		$	49,626
Stock option expense		12,169			6,454			5,063
Property and equipment		(14,957	)		(11,941	)		(10,372	)
Other		2,845			1,194			966
Less: Valuation allowance		(73,493	)		(55,975	)		(45,283	)
Net deferred income tax assets	$	-		$	-		$	-

Note 8 - Equity Incentive Plans and Equity - Restricted Stock Units Award Activity (Details)	12 Months Ended
	Dec. 31, 2021 $ / shares shares
Restricted Stock Units (RSUs) [Member]
Balance (in shares) \| shares	170
Balance, weighted average grant date fair value (in dollars per share) \| $ / shares	$ 43.60
Granted (in shares) \| shares	47
Granted, weighted average grant date fair value (in dollars per share) \| $ / shares	$ 152.27
Exercised/Vested (in shares) \| shares	(109)
Exercised/Vested, weighted average grant date fair value (in dollars per share) \| $ / shares	$ 38.64
Forfeited (in shares) \| shares	(6)
Forfeited, weighted average grant date fair value (in dollars per share) \| $ / shares	$ 92.25
Balance (in shares) \| shares	103
Balance, weighted average grant date fair value (in dollars per share) \| $ / shares	$ 96.18
Performance Based Restricted Stock Units [Member]
Balance (in shares) \| shares	23
Balance, weighted average grant date fair value (in dollars per share) \| $ / shares	$ 55.54
Granted (in shares) \| shares	0
Granted, weighted average grant date fair value (in dollars per share) \| $ / shares	$ 0
Forfeited (in shares) \| shares	(1)
Forfeited, weighted average grant date fair value (in dollars per share) \| $ / shares	$ 111.65
Balance (in shares) \| shares	22
Balance, weighted average grant date fair value (in dollars per share) \| $ / shares	$ 111.65

Note 9 - Earnings Per Share Attributable to Common Stockholder

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Earnings Per Share [Text Block]

Note 9 – Earnings Per Share Attributable to Common Stockholder:

Basic net earnings (loss) per share of common stock is calculated by dividing net income (loss) attributable to common stockholders by the weighted-average number of shares of common stock outstanding for the period. Diluted net earnings (loss) per share of common stock is computed by giving effect to all potentially dilutive securities. Diluted net loss per common share is the same as basic net loss per common share, due to the fact that potentially dilutive securities would have an antidilutive effect as the Company incurred a net loss for the years ended December 31, 2021, 2020 and 2019.

In the years ended December 31, 2021, 2020, and 2019, there were no reconciling items between Net Loss/Income and Net Loss attributable to common stockholders.

The potentially dilutive securities excluded from the determination of diluted loss per share, as their effect is antidilutive, are as follows:

	*Twelve Months Ended December 31,*
	*2021*		*2020*		*2019*
Service Period Stock Options		1,291		1,356		1,500
Restricted Stock Units		173		190		236
Performance Stock Options		972		1,009		34
Total		2,437		2,555		1,770

Note 7 - Commitments and Contingencies - Contractual Obligation Fiscal Year Maturity Schedule (Details) $ in Thousands	Dec. 31, 2021 USD ($)
2022	$ 7,366
2023	3,288
2024	4,783
2025 and beyond	712
Total Manufacturing and Servicing Obligations	$ 16,149

Note 3 - Property, Plant and Equipment (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Depreciation, Depletion and Amortization, Total	$ 29,467	$ 20,805	$ 15,600
Cost of Sales [Member]
Depreciation, Depletion and Amortization, Total	$ 16,545	$ 9,576	$ 6,370

Note 5 - Accrued Expenses - Summary of Accrued Expenses (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Accrued Compensation and Employee Related Costs	$ 6,934	$ 8,185
Accrued Chiller Cost	2,050	2,049
Accrued Customer Consideration	828	502
Accrued Freight	1,547	1,002
Accrued Production Expenses	1,862	705
Accrued Corporate and Marketing Expenses	1,081	2,313
Other Accrued Expenses	648	615
Accrued Expenses	$ 14,950	$ 15,371

Note 5 - Accrued Expenses

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]

Note 5 – Accrued Expenses:

	*2021*		*2020*
Accrued Compensation and Employee Related Costs	$	6,934	$	8,185
Accrued Chiller Cost		2,050		2,049
Accrued Customer Consideration		828		502
Accrued Freight		1,547		1,002
Accrued Production Expenses		1,862		705
Accrued Corporate and Marketing Expenses		1,081		2,313
Other Accrued Expenses		648		615
Accrued Expenses	$	14,950	$	15,371

Note 4 - Income Taxes (Details Textual) - USD ($) $ in Thousands	12 Months Ended		14 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2021
Unrecognized Tax Benefits, Ending Balance	$ 0	$ 0	$ 0
Income Tax Examination, Penalties and Interest Expense, Total	$ 0	$ 0	0
Domestic Tax Authority [Member]
Operating Loss Carryforwards, Total			291,800
Operating Loss Carryforwards, Subject to Expiration			175,400
Operating Loss Carryforwards, Not Subject to Expiration			116,400
State and Local Jurisdiction [Member]
Operating Loss Carryforwards, Subject to Expiration			229,500
Operating Loss Carryforwards, Not Subject to Expiration			$ 14,300

Note 8 - Equity Incentive Plans and Equity - Schedule Of Share Based Payment Award Stock Options Valuation Assumptions (Details) - Share-based Payment Arrangement, Option [Member] - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Weighted average exercise price of options granted (in dollars per share)	$ 155.00	$ 135.55	$ 48.64
Expected volatility	50.40%
Expected volatility		46.90%	47.60%
Expected volatility		51.50%	48.50%
Average expected terms in years (Year)	6 years 1 month 6 days
Risk-free interest rate	1.10%	0.30%	2.27%
Risk-free interest rate		1.69%
Expected dividend yield	0.00%	0.00%	0.00%
Minimum [Member]
Average expected terms in years (Year)		5 years 9 months 18 days	6 years
Maximum [Member]
Average expected terms in years (Year)		7 years	6 years 7 months 6 days

Note 2 - Inventories

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Inventory Disclosure [Text Block]

Note 2 – Inventories:

Inventories are summarized as follows:

	*December 31,*			*December 31,*
	*2021*			*2020*
Raw Materials and Work in Process	$	13,339		$	9,347
Packaging Components Material		2,823			1,872
Finished Goods		19,704			8,365
		35,866			19,584
Reserve for Obsolete Inventory		(292	)		(465	)
Inventories, net	$	35,574		$	19,119

Note 10 - Retirement Plan

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Compensation and Employee Benefit Plans, Other than Share-based Compensation [Text Block]

Note 10 – Retirement Plan:

The Company sponsors a safe harbor 401(k) plan covering all employees. All employees are eligible to participate. Active participants in the plan may make contributions of up to 50% of their compensation, subject to certain limitations. Company contributions totaled approximately $1,829 in 2021, $1,416, in 2020, and $1,062 in 2019.