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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments10,47711,78717,71020,91824,44227,162
Cash and cash equivalents10,47711,78717,71020,91824,44227,162
Receivables1,8142,9091,4941,5551,1841,262
Inventory, net of allowances, customer advances and progress billings5,8575,3905,6978,8188,7449,856
Inventory5,8575,3905,6978,8188,7449,856
Prepaid expense560 1,0605329471,437
Advances on inventory purchases262 8976321,239946
Disposal group, including discontinued operation342     
Deposits current assets  135   
Other current assets511 145186249198
Other undisclosed current assets772,809392641544866
Total current assets:19,90022,89627,53133,28337,34941,726
Noncurrent Assets
Operating lease, right-of-use asset4174561346,9597,1797,399
Property, plant and equipment1552281504,2134,3764,497
Intangible assets, net (including goodwill)1,3211,3721,4243,1063,2103,157
Intangible assets, net (excluding goodwill)1,3211,3721,4243,1063,2103,157
Other undisclosed noncurrent assets   800 100947
Total noncurrent assets:1,8932,0572,50814,27814,86516,000
TOTAL ASSETS:21,79324,95230,03947,56152,21457,727
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6,0315,9777,3924,9494,2084,576
Employee-related liabilities9891,1491,388
Accounts payable2,2832,3931,080827413966
Accrued liabilities3,7483,5846,3123,1332,6462,222
Other liabilities35     
Other undisclosed current liabilities12713660743743742
Total current liabilities:6,1936,1137,4525,6924,9515,319
Noncurrent Liabilities
Long-term debt and lease obligation:    4,1304,2694,407
Liabilities, other than long-term debt30632976   
Operating lease, liability306329764,1304,2694,407
Other undisclosed noncurrent liabilities    (4,130)(4,269)(4,407)
Total noncurrent liabilities:306329764,1304,2694,407
Total liabilities:6,4986,4427,5289,8229,2209,726
Equity
Equity, attributable to parent15,29418,51022,51137,73942,99448,000
Common stock999999
Additional paid in capital119,071118,780118,637118,309117,826117,928
Accumulated deficit(103,786)(100,279)(96,135)(80,580)(74,842)(69,937)
Total equity:15,29418,51022,51137,73942,99448,000
TOTAL LIABILITIES AND EQUITY:21,79324,95230,03947,56152,21457,727

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues7,7248,1138,9708,8458,6749,340
Cost of revenue
(Cost of Goods and Services Sold)
(5,848)(6,239)(9,382)(6,773)(7,096)(7,390)
Gross profit:1,8761,874(412)2,0721,5781,950
Operating expenses(5,532)(6,176)(15,252)(7,890)(6,505)(15,904)
Operating loss:(3,656)(4,302)(15,665)(5,818)(4,927)(13,954)
Nonoperating income (expense)1491711248023(179)
Investment income, nonoperating     235
Loss from continuing operations before income taxes:(3,506)(4,131)(15,541)(5,738)(4,905)(14,134)
Income tax expense (1)(12)(14)  (6)
Loss from continuing operations:(3,507)(4,144)(15,555)(5,738)(4,905)(14,139)
Loss before gain (loss) on sale of properties:(5,738)(4,905)(14,139)
Net loss available to common stockholders, diluted:(3,507)(4,144)(15,555)(5,738)(4,905)(14,139)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net loss:(3,507)(4,144)(15,555)(5,738)(4,905)(14,139)
Comprehensive loss:(3,507)(4,144)(15,555)(5,738)(4,905)(14,139)
Other undisclosed comprehensive income, net of tax, attributable to parent      61
Comprehensive loss, net of tax, attributable to parent:(3,507)(4,144)(15,555)(5,738)(4,905)(14,078)

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.

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