XML 20 R4.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Net Income (Loss) Available to Common Stockholders, Basic [Abstract]    
Sales, net $ 36,810,953 $ 25,783,226
Cost of goods sold (27,379,082) (19,204,642)
Gross profit 9,431,871 6,578,584
General and administrative    
Salaries, wages and benefits 4,822,910 3,546,489
Stock-based compensation 3,569,416 1,424,803
Professional fees 2,232,171 963,791
Insurance expense 2,140,208 666,045
Office expense 1,217,651 735,669
Occupancy 430,148 612,998
Merchant service fees 598,657 375,792
Other expense 1,448,101 502,692
Total general and administrative expenses 16,459,262 8,828,279
Research and product development    
Salaries, wages and benefits 421,521 272,605
Stock-based compensation 23,561 10,261
Product development expense 566,695 209,275
Other expense 18,350 16,029
Total research and product development expenses 1,030,127 508,170
Sales and marketing    
Salaries, wages and benefits 2,529,231 2,669,384
Stock-based compensation 228,968 661,026
Advertising 7,570,879 4,257,963
General marketing 4,491,446 1,568,258
Other expense 1,074,374 1,014,675
Total sales and marketing expenses 15,894,898 10,171,306
Total expenses 33,384,287 19,507,755
Operating loss (23,952,416) (12,929,171)
Other income (expense)    
Interest and dividend income 48,704 64,943
Gain on sale of available-for-sale securities 0 13,927
Grant income 51,000 0
Total other income 99,704 78,870
Loss before income taxes (23,852,712) (12,850,301)
Reported income tax (benefit) expense (17,834) 0
Net loss (23,870,546) (12,850,301)
Less deemed dividend of beneficial conversion feature 0 (825,366)
Less deemed dividend on warrant discount 0 (825,366)
Net loss attributable to Laird Superfood, Inc. common stockholders $ (23,870,546) $ (14,501,033)
Net loss per share attributable to Laird Superfood, Inc common stockholders:    
Basic $ (2.66) $ (2.61)
Diluted $ (2.66) $ (2.61)
Weighted-average shares of common stock outstanding used in computing net loss per share of common stock, basic and diluted 8,983,294 5,546,078