Laird Superfood, Inc. (LSF) Financial Statements (2023 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)

6/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments17,71031,56865,617
Cash and cash equivalents17,71022,93356,910
Short-term investments  8,6358,707
Receivables1,4941,269840
Inventory, net of allowances, customer advances and progress billings5,69710,2216,296
Inventory5,69710,2216,296
Prepaid expense1,0602,0811,599
Advances on inventory purchases8971,010958
Disposal group, including discontinued operation   
Deposits current assets 135  
Other current assets14546051
Other undisclosed current assets3921,073635
Total current assets:27,53147,68275,995
Noncurrent Assets
Operating lease, right-of-use asset134  
Property, plant and equipment1504,5133,263
Intangible assets, net (including goodwill)1,42411,325132
Goodwill  6,486 
Intangible assets, net (excluding goodwill)1,4244,839132
Deferred rent receivables, net  2,3282,697
Other noncurrent assets   5
Other undisclosed noncurrent assets 800 250
Total noncurrent assets:2,50818,1666,347
TOTAL ASSETS:30,03965,84782,343
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7,3923,7862,743
Employee-related liabilities814723
Accounts payable1,0808891,316
Accrued liabilities6,3122,083705
Other liabilities   
Other undisclosed current liabilities60  
Total current liabilities:7,4523,7862,743
Noncurrent Liabilities
Long-term debt and lease obligation   51
Long-term debt, excluding current maturities   51
Liabilities, other than long-term debt768 
Deferred income tax liabilities  8 
Operating lease, liability76  
Total noncurrent liabilities:76851
Total liabilities:7,5283,7942,794
Equity
Equity, attributable to parent22,51162,05479,548
Common stock999
Additional paid in capital118,637117,903111,452
Accumulated other comprehensive income (loss)  (61)14
Accumulated deficit(96,135)(55,798)(31,927)
Total equity:22,51162,05479,548
TOTAL LIABILITIES AND EQUITY:30,03965,84782,343

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

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
Revenues35,82836,81126,006
Cost of revenue
(Cost of Goods and Services Sold)
(30,641)(27,379)(19,205)
Gross profit:5,1879,4326,802
Operating expenses(45,551)(33,384)(19,731)
Operating loss:(40,364)(23,952)(12,929)
Nonoperating income4710079
Investment income, nonoperating  4965
Loss from continuing operations before income taxes:(40,317)(23,853)(12,850)
Income tax expense (benefit)(20)18 
Loss from continuing operations:(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:(40,337)(23,871)(12,850)
Preferred stock dividends and other adjustments   (1,651)
Net loss available to common stockholders, diluted:(40,337)(23,871)(14,501)

Comprehensive Income ($ in thousands)

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
Net loss:(40,337)(23,871)(12,850)
Comprehensive loss:(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:(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.

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