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 investments | 17,710 | 31,568 | 65,617 | |||
| Cash and cash equivalents | 17,710 | 22,933 | 56,910 | |||
| Short-term investments | 8,635 | 8,707 | ||||
| Receivables | 1,494 | 1,269 | 840 | |||
| Inventory, net of allowances, customer advances and progress billings | 5,697 | 10,221 | 6,296 | |||
| Inventory | 5,697 | 10,221 | 6,296 | |||
| Prepaid expense | 1,060 | 2,081 | 1,599 | |||
| Advances on inventory purchases | 897 | 1,010 | 958 | |||
| Disposal group, including discontinued operation | ||||||
| Deposits current assets | 135 | |||||
| Other current assets | 145 | 460 | 51 | |||
| Other undisclosed current assets | 392 | 1,073 | 635 | |||
| Total current assets: | 27,531 | 47,682 | 75,995 | |||
| Noncurrent Assets | ||||||
| Operating lease, right-of-use asset | 134 | |||||
| Property, plant and equipment | 150 | 4,513 | 3,263 | |||
| Intangible assets, net (including goodwill) | 1,424 | 11,325 | 132 | |||
| Goodwill | 6,486 | |||||
| Intangible assets, net (excluding goodwill) | 1,424 | 4,839 | 132 | |||
| Deferred rent receivables, net | 2,328 | 2,697 | ||||
| Other noncurrent assets | 5 | |||||
| Other undisclosed noncurrent assets | 800 | 250 | ||||
| Total noncurrent assets: | 2,508 | 18,166 | 6,347 | |||
| TOTAL ASSETS: | 30,039 | 65,847 | 82,343 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 7,392 | 3,786 | 2,743 | |||
| Employee-related liabilities | ✕ | ✕ | 814 | 723 | ||
| Accounts payable | 1,080 | 889 | 1,316 | |||
| Accrued liabilities | 6,312 | 2,083 | 705 | |||
| Other liabilities | ||||||
| Other undisclosed current liabilities | 60 | |||||
| Total current liabilities: | 7,452 | 3,786 | 2,743 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | 51 | |||||
| Long-term debt, excluding current maturities | 51 | |||||
| Liabilities, other than long-term debt | 76 | 8 | ||||
| Deferred income tax liabilities | 8 | |||||
| Operating lease, liability | 76 | |||||
| Total noncurrent liabilities: | 76 | 8 | 51 | |||
| Total liabilities: | 7,528 | 3,794 | 2,794 | |||
| Equity | ||||||
| Equity, attributable to parent | 22,511 | 62,054 | 79,548 | |||
| Common stock | 9 | 9 | 9 | |||
| Additional paid in capital | 118,637 | 117,903 | 111,452 | |||
| Accumulated other comprehensive income (loss) | (61) | 14 | ||||
| Accumulated deficit | (96,135) | (55,798) | (31,927) | |||
| Total equity: | 22,511 | 62,054 | 79,548 | |||
| TOTAL LIABILITIES AND EQUITY: | 30,039 | 65,847 | 82,343 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|
| Revenues | 35,828 | 36,811 | 26,006 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (30,641) | (27,379) | (19,205) | ||
| Gross profit: | 5,187 | 9,432 | 6,802 | ||
| Operating expenses | (45,551) | (33,384) | (19,731) | ||
| Operating loss: | (40,364) | (23,952) | (12,929) | ||
| Nonoperating income | 47 | 100 | 79 | ||
| Investment income, nonoperating | 49 | 65 | |||
| 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 | 61 | 47,666 | 14 | ||
| 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.