Laird Superfood, Inc.: 10-Q filed 2021-08-11

Name: Laird Superfood, Inc.: 10-Q filed 2021-08-11
Creator: Laird Superfood, Inc.

What Laird Superfood, Inc. reported in its quarterly report filed 2021-08-11 (fiscal Q2 2021): 48 published measures, 130 facts as tagged in accession 0001193125-21-243398.

This filing

Form: 10-Q (quarterly report)
Filed: 2021-08-11
Fiscal period: fiscal Q2 2021
Accession: 0001193125-21-243398 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All Laird Superfood, Inc. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2021-06-30	75,660,418	USD
At 2020-12-31	82,342,700	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2021-06-30	3,740,500	USD
At 2020-12-31	2,794,422	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit
At 2021-06-30	71,919,918	USD
At 2021-03-31	75,088,297	USD
At 2020-12-31	79,548,278	USD
At 2020-06-30	6,289,923	USD
At 2020-03-31	8,388,854	USD
At 2019-12-31	8,111,345	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit	Days
At 2021-06-30	34,706,429	USD
At 2020-12-31	56,973,896	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	-6,302,259	USD	91
2021-01-01 to 2021-06-30	-11,632,763	USD	181
2021-01-01 to 2021-03-31	-5,330,504	USD	90
2020-04-01 to 2020-06-30	-3,006,390	USD	91
2020-01-01 to 2020-06-30	-5,001,620	USD	182
2020-01-01 to 2020-03-31	-1,995,230	USD	91

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2021-01-01 to 2021-06-30	-10,953,242	USD	181
2020-01-01 to 2020-06-30	-4,647,005	USD	182

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

Period	Value	Unit	Days
2021-01-01 to 2021-06-30	522,564	USD	181
2020-01-01 to 2020-06-30	312,746	USD	182

Contract revenue excluding tax

Revenue from customer contracts excluding assessed taxes under this specific taxonomy concept. It is not automatically comparable to older revenue tags.

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	9,195,786	USD	91
2021-01-01 to 2021-06-30	16,622,039	USD	181
2020-04-01 to 2020-06-30	5,608,830	USD	91
2020-01-01 to 2020-06-30	11,092,055	USD	182

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2021-01-01 to 2021-06-30	93,470	USD	181
2020-01-01 to 2020-06-30	11,835,448	USD	182

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2021-01-01 to 2021-06-30	-11,488,658	USD	181
2020-01-01 to 2020-06-30	356,624	USD	182

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2021-06-30	-43,559,931	USD
At 2020-12-31	-31,927,168	USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	8,967,797	shares	91
2021-01-01 to 2021-06-30	8,931,736	shares	181
2020-04-01 to 2020-06-30	4,325,265	shares	91
2020-01-01 to 2020-06-30	4,303,305	shares	182

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	8,967,797	shares	91
2021-01-01 to 2021-06-30	8,931,736	shares	181
2020-04-01 to 2020-06-30	4,325,265	shares	91
2020-01-01 to 2020-06-30	4,303,305	shares	182

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	-0.7	USD/shares	91
2021-01-01 to 2021-06-30	-1.3	USD/shares	181
2020-04-01 to 2020-06-30	-0.93	USD/shares	91
2020-01-01 to 2020-06-30	-1.4	USD/shares	182

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	-0.7	USD/shares	91
2021-01-01 to 2021-06-30	-1.3	USD/shares	181
2020-04-01 to 2020-06-30	-0.93	USD/shares	91
2020-01-01 to 2020-06-30	-1.4	USD/shares	182

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	-36,718	USD	91
2021-01-01 to 2021-06-30	-36,718	USD	181

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2021-06-30	3,786,144	USD
At 2020-12-31	3,513,488	USD

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	-6,277,164	USD	91
2021-01-01 to 2021-06-30	-11,619,245	USD	181
2020-04-01 to 2020-06-30	-3,022,238	USD	91
2020-01-01 to 2020-06-30	-5,040,322	USD	182

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2021-06-30	57,798,047	USD
At 2020-12-31	75,995,474	USD

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2021-06-30	3,652,782	USD
At 2020-12-31	2,743,422	USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

Period	Value	Unit	Days
At 2021-06-30	1,571,418	USD
At 2020-12-31	1,315,964	USD

Goodwill carrying amount

Recognized goodwill remaining after accumulated impairment. It arises from business combinations and does not measure the current value of the company’s brand.

Period	Value	Unit	Days
At 2021-06-30	6,486,000	USD
At 2020-12-31	0	USD

Net finite-lived intangible assets

Finite-lived intangible assets after amortization. This excludes goodwill and should not be combined with indefinite-lived intangible assets without checking scope.

Period	Value	Unit	Days
At 2021-06-30	4,940,984	USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

Period	Value	Unit	Days
At 2021-06-30	789,642	USD
At 2020-12-31	839,659	USD

Common-stock repurchase payments

Cash paid to reacquire common stock during the period. This is not an authorization limit or a direct measure of the net change in share count.

Period	Value	Unit	Days
2020-01-01 to 2020-06-30	20,532	USD	182

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	8,474,255	USD	91
2021-01-01 to 2021-06-30	15,683,090	USD	181
2020-04-01 to 2020-06-30	4,345,940	USD	91
2020-01-01 to 2020-06-30	8,481,641	USD	182

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

Period	Value	Unit	Days
At 2021-06-30	10,782,337	USD
At 2020-12-31	6,295,898	USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	2,197,091	USD	91
2021-01-01 to 2021-06-30	4,063,845	USD	181
2020-04-01 to 2020-06-30	1,323,702	USD	91
2020-01-01 to 2020-06-30	3,441,319	USD	182

Research and development expense

Research and development costs recognized as expense. Capitalization policies and acquired projects can make this differ from total cash invested in development.

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	374,852	USD	91
2021-01-01 to 2021-06-30	615,539	USD	181
2020-04-01 to 2020-06-30	117,797	USD	91
2020-01-01 to 2020-06-30	261,111	USD	182

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit	Days
At 2021-06-30	8,999,381	shares
At 2020-12-31	8,892,886	shares

Cash including restricted cash

Cash, cash equivalents and restricted cash as reported in the cash flow reconciliation. Restricted amounts are not freely available, so this is not the same as unrestricted cash.

Period	Value	Unit
At 2021-06-30	34,859,650	USD
At 2020-12-31	57,208,080	USD
At 2020-06-30	8,549,176	USD
At 2019-12-31	1,004,109	USD

Accumulated other comprehensive income or loss

Cumulative other comprehensive items after tax, such as translation and unrealized hedging or securities effects. These amounts have not passed through net income.

Period	Value	Unit	Days
At 2021-06-30	-9,794	USD
At 2020-12-31	14,207	USD

Long-term debt

Long-term borrowings under this concept, which can include the current portion depending on presentation. It is not total liabilities and may exclude leases and other obligations.

Period	Value	Unit	Days
At 2021-06-30	51,000	USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

Period	Value	Unit	Days
At 2021-06-30	5,004,902	USD
At 2020-12-31	4,407,854	USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

Period	Value	Unit	Days
At 2021-06-30	1,218,758	USD
At 2020-12-31	894,366	USD

Net intangible assets excluding goodwill

Intangible assets other than goodwill after amortization and impairment. Internally developed intangibles are usually not recognized, so this understates what a company relies on.

Period	Value	Unit	Days
At 2021-06-30	5,073,084	USD
At 2020-12-31	137,092	USD

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

Period	Value	Unit	Days
At 2021-06-30	1,219,863	USD
At 2020-12-31	704,543	USD

Prepaid expenses and other current assets

Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.

Period	Value	Unit	Days
At 2021-06-30	2,175,604	USD
At 2020-12-31	2,847,319	USD

Net deferred tax assets

Deferred tax assets after the valuation allowance. Realization depends on future taxable income, so the balance is not a receivable from tax authorities.

Period	Value	Unit	Days
At 2021-06-30	36,718	USD

Net deferred tax liabilities

Deferred tax liabilities net of related assets under this concept. The amount reflects timing differences and is not tax currently due.

Period	Value	Unit	Days
At 2021-06-30	36,718	USD

Comprehensive income or loss

Net income plus other comprehensive income after tax. It includes unrealized items that net income excludes and is not a cash measure.

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	-6,305,970	USD	91
2021-01-01 to 2021-06-30	-11,656,764	USD	181
2020-04-01 to 2020-06-30	-3,020,135	USD	91
2020-01-01 to 2020-06-30	-4,984,275	USD	182

Net income available to common stockholders

Net income after preferred dividends and similar adjustments, the numerator for basic earnings per share. It can be lower than reported net income.

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	-6,302,259	USD	91
2021-01-01 to 2021-06-30	-11,632,763	USD	181
2020-04-01 to 2020-06-30	-4,011,183	USD	91
2020-01-01 to 2020-06-30	-6,006,413	USD	182

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	4,162,911	USD	91
2021-01-01 to 2021-06-30	7,803,980	USD	181
2020-04-01 to 2020-06-30	1,832,442	USD	91
2020-01-01 to 2020-06-30	3,432,012	USD	182

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	170,928	USD	91
2021-01-01 to 2021-06-30	302,261	USD	181
2020-04-01 to 2020-06-30	114,383	USD	91
2020-01-01 to 2020-06-30	229,284	USD	182

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	98,533	USD	91
2021-01-01 to 2021-06-30	103,803	USD	181
2020-04-01 to 2020-06-30	10,870	USD	91
2020-01-01 to 2020-06-30	20,371	USD	182

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	11,623	USD	91
2021-01-01 to 2021-06-30	23,200	USD	181
2020-04-01 to 2020-06-30	15,848	USD	91
2020-01-01 to 2020-06-30	38,702	USD	182

Proceeds from issuing common stock

Cash received from issuing common stock during the period. It is gross of costs only where the filer reports it so, and it does not include noncash issuances.

Period	Value	Unit	Days
2020-01-01 to 2020-06-30	1,997,665	USD	182

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

Period	Value	Unit	Days
2021-01-01 to 2021-06-30	3,778,699	USD	181
2020-01-01 to 2020-06-30	1,048,010	USD	182

Inspect the source

Entity: Laird Superfood, Inc. / CIK 0001650696
Captured: 2026-09-21T17:23:31.954Z
SEC response SHA-256: 7645afa3eef506dc1453b95bc2943a0d7f4cc7f00f21644a7292bade00cefc52

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