Quarterly Results of Operations (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2021

Quarterly Financial Information Disclosure [Abstract]

Summary of Quarterly results of Operations

The following tables present selected unaudited quarterly financial data for each full quarterly period of 2021 and 2020:

	2021 (unaudited)
	December 31			September 30			June 30			March 31			Four Quarters
Statement of Operations Data:
Sales, net	$	9,367,559		$	10,865,914		$	9,180,584		$	7,396,896		$	36,810,953
Cost of goods sold		(7,153,814	)		(7,667,075	)		(6,998,695	)		(5,559,498	)		(27,379,082	)
Gross profit		2,213,745			3,198,839			2,181,889			1,837,398			9,431,871
Operating expenses:
General and administrative		4,398,830			4,254,124			4,162,912			3,643,396			16,459,262
Research and product development		171,984			242,604			374,853			240,686			1,030,127
Sales and marketing		4,661,135			4,014,753			3,921,289			3,297,721			15,894,898
Total operating expenses		9,231,949			8,511,481			8,459,054			7,181,803			33,384,287
Operating loss		(7,018,204	)		(5,312,642	)		(6,277,165	)		(5,344,405	)		(23,952,416	)
Other income		63,458			10,721			11,624			13,901			99,704
Loss before income taxes		(6,954,746	)		(5,301,921	)		(6,265,541	)		(5,330,504	)		(23,852,712	)
Income tax benefit (expense)		68,661			(49,777	)		(36,718	)		—			(17,834	)
Net loss	$	(6,886,085	)	$	(5,351,698	)	$	(6,302,259	)	$	(5,330,504	)	$	(23,870,546	)
Net loss per share, basic and diluted	$	(0.76	)	$	(0.59	)	$	(0.70	)	$	(0.60	)
Weighted-average shares of common stock outstanding used in computing net loss per share of common stock, basic and diluted		9,067,235			9,001,912			8,967,797			8,894,495

	2020 (unaudited)
	December 31			September 30			June 30			March 31			Four Quarters
Statement of Operations Data:
Sales, net	$	7,284,729		$	7,490,642		$	5,524,630		$	5,483,225		$	25,783,226
Cost of goods sold		(5,819,762	)		(5,734,144	)		(4,285,128	)		(3,365,608	)		(19,204,642	)
Gross profit		1,464,967			1,756,498			1,239,502			2,117,617			6,578,584
Operating expenses:
General and administrative		3,177,447			2,218,820			1,832,443			1,599,569			8,828,279
Research and product development		144,180			102,879			117,797			143,314			508,170
Sales and marketing		2,650,359			2,816,630			2,311,501			2,392,816			10,171,306
Total operating expenses		5,971,986			5,138,329			4,261,741			4,135,699			19,507,755
Operating loss		(4,507,019	)		(3,381,831	)		(3,022,239	)		(2,018,082	)		(12,929,171	)
Other income		13,423			26,746			15,847			22,854			78,870
Net loss		(4,493,596	)		(3,355,085	)		(3,006,392	)		(1,995,228	)		(12,850,301	)
Less deemed dividend of beneficial conversion feature		—			—			(825,366	)		—			(825,366	)
Less deemed dividend on warrant discount		—			(645,939	)		(179,427	)		—			(825,366	)
Net loss attributable to Laird Superfood, Inc. common stockholders	$	(4,493,596	)	$	(4,001,024	)	$	(4,011,185	)	$	(1,995,228	)	$	(14,501,033	)
Net loss per share, basic and diluted	$	(0.51	)	$	(0.86	)	$	(0.93	)	$	(0.47	)
Weighted-average shares of common stock outstanding used in computing net loss per share of common stock, basic and diluted		8,876,431			4,672,041			4,325,265			4,281,346