Laird Superfood, Inc. (LSF) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments31,56865,617
Cash and cash equivalents22,93356,910
Short-term investments8,6358,707
Receivables1,269840
Inventory, net of allowances, customer advances and progress billings10,2216,296
Inventory10,2216,296
Prepaid expense2,0811,599
Advances on inventory purchases1,010958
Other current assets46051
Other undisclosed current assets1,073635
Total current assets:47,68275,995
Noncurrent Assets
Property, plant and equipment4,5133,263
Intangible assets, net (including goodwill)11,325132
Goodwill6,486 
Intangible assets, net (excluding goodwill)4,839132
Deferred rent receivables, net2,3282,697
Other noncurrent assets 5
Other undisclosed noncurrent assets 250
Total noncurrent assets:18,1666,347
TOTAL ASSETS:65,84782,343
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,7862,743
Accounts payable8891,316
Accrued liabilities2,083705
Employee-related liabilities814723
Total current liabilities:3,7862,743
Noncurrent Liabilities
Long-term debt and lease obligation 51
Long-term debt, excluding current maturities 51
Liabilities, other than long-term debt8 
Deferred income tax liabilities8 
Total noncurrent liabilities:851
Total liabilities:3,7942,794
Stockholders' equity
Stockholders' equity attributable to parent62,05479,548
Common stock99
Additional paid in capital117,903111,452
Accumulated other comprehensive income (loss)(61)14
Accumulated deficit(55,798)(31,927)
Total stockholders' equity:62,05479,548
TOTAL LIABILITIES AND EQUITY:65,84782,343

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

12/31/2021
12/31/2020
Revenues36,81126,006
Cost of revenue
(Cost of Goods and Services Sold)
(27,379)(19,205)
Gross profit:9,4326,802
Operating expenses(33,384)(19,731)
Operating loss:(23,952)(12,929)
Nonoperating income10079
Investment income, nonoperating4965
Loss from continuing operations before income taxes:(23,853)(12,850)
Income tax benefit18 
Loss before gain (loss) on sale of properties:(23,835)(12,850)
Other undisclosed net loss(36) 
Net loss attributable to parent:(23,871)(12,850)
Preferred stock dividends and other adjustments (1,651)
Net loss available to common stockholders, diluted:(23,871)(14,501)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
Net loss:(23,871)(12,850)
Comprehensive loss:(23,871)(12,850)
Other undisclosed comprehensive income, net of tax, attributable to parent47,66614
Comprehensive income (loss), net of tax, attributable to parent:23,795(12,836)

Statements sources

The financial statements are based on the company's filings with the 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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