Laird Superfood Inc. (LSF) Financial Statements (2024 and earlier)

Company Profile

Business Address 275 W. LUNDGREN MILL DR.
SISTERS, OR 97759
State of Incorp. OR
Fiscal Year End December 31
Industry (SIC) 20 - Food And Kindred Products (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7,56617,71031,56865,617
Cash and cash equivalents7,56617,71022,93356,910
Short-term investments   8,6358,707
Receivables1,0221,4941,269840
Inventory, net of allowances, customer advances and progress billings6,3235,69710,2216,296
Inventory6,3235,69710,2216,296
Prepaid expense3771,0602,0811,599
Advances on inventory purchases4498971,010958
Deposits current assets239135  
Other current assets8114546051
Other undisclosed current assets2803921,073635
Total current assets:16,33727,53147,68275,995
Noncurrent Assets
Operating lease, right-of-use asset355134  
Property, plant and equipment1231504,5133,263
Intangible assets, net (including goodwill)1,2171,42411,325132
Goodwill   6,486 
Intangible assets, net (excluding goodwill)1,2171,4244,839132
Deferred rent receivables, net   2,3282,697
Other noncurrent assets    5
Other undisclosed noncurrent assets  800 250
Total noncurrent assets:1,6952,50818,1666,347
TOTAL ASSETS:18,03230,03965,84782,343
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,2347,3923,7862,743
Employee-related liabilities814723
Accounts payable1,6481,0808891,316
Accrued liabilities2,5866,3122,083705
Other liabilities3   
Other undisclosed current liabilities13960  
Total current liabilities:4,3767,4523,7862,743
Noncurrent Liabilities
Long-term debt and lease obligation    51
Long-term debt, excluding current maturities    51
Liabilities, other than long-term debt244768 
Deferred income tax liabilities   8 
Operating lease, liability24476  
Total noncurrent liabilities:24476851
Total liabilities:4,6197,5283,7942,794
Equity
Equity, attributable to parent13,41322,51162,05479,548
Common stock9999
Additional paid in capital119,701118,637117,903111,452
Accumulated other comprehensive income (loss)   (61)14
Accumulated deficit(106,298)(96,135)(55,798)(31,927)
Total equity:13,41322,51162,05479,548
TOTAL LIABILITIES AND EQUITY:18,03230,03965,84782,343

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues34,22435,82836,81126,006
Cost of revenue
(Cost of Goods and Services Sold)
(23,911)(30,641)(27,379)(19,205)
Gross profit:10,3135,1879,4326,802
Operating expenses(21,012)(45,551)(33,384)(19,731)
Operating loss:(10,699)(40,364)(23,952)(12,929)
Nonoperating income5514710079
Investment income, nonoperating   4965
Loss from continuing operations before income taxes:(10,148)(40,317)(23,853)(12,850)
Income tax expense (benefit)(15)(20)18 
Loss from continuing operations:(10,163)(40,337)(23,835)(12,850)
Loss before gain (loss) on sale of properties:(23,835)(12,850)
Other undisclosed net loss   (36) 
Net loss attributable to parent:(10,163)(40,337)(23,871)(12,850)
Preferred stock dividends and other adjustments    (1,651)
Net loss available to common stockholders, diluted:(10,163)(40,337)(23,871)(14,501)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net loss:(10,163)(40,337)(23,871)(12,850)
Comprehensive loss:(10,163)(40,337)(23,871)(12,850)
Other undisclosed comprehensive income, net of tax, attributable to parent  6147,66614
Comprehensive income (loss), net of tax, attributable to parent:(10,163)(40,276)23,795(12,836)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: