CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents (including $1,568 and $1,163 associated with variable interest entity at September 30, 2022 and December 31, 2021, respectively)	$ 7,531	$ 6,483
Accounts receivable, net of allowances of $1,695 and $583 at September 30, 2022 and December 31, 2021, respectively (including $3 and $24 associated with variable interest entity at September 30, 2022 and December 31, 2021, respectively)	36,732	32,776
Inventories	73,286	58,472
Prepaid expenses and other current assets (including $187 and $63 associated with variable interest entity at September 30, 2022 and December 31, 2021, respectively)	7,258	5,141
Total current assets	124,807	102,872
Property and equipment, net (including $45,702 and $46,612 associated with variable interest entity at September 30, 2022 and December 31, 2021, respectively)	94,346	93,475
Deposits	15,610	6,885
Goodwill	3,510	3,510
Intangible assets, net	360	380
Other assets (including $47 and $65 associated with variable interest entity at September 30, 2022 and December 31, 2021, respectively)	827	477
Total assets	239,460	207,599
Current liabilities
Accounts payable (including $27 and $136 associated with variable interest entity at September 30, 2022 and December 31, 2021, respectively)	18,929	18,470
Accrued expenses (including $480 and $68 associated with variable interest entity at September 30, 2022 and December 31, 2021, respectively)	8,469	7,813
Related party payable	4,858	2,003
Income taxes payable (including $0 and $9 associated with variable interest entity at September 30, 2022 and December 31, 2021, respectively)	196	85
Customer deposits (including $244 and $88 associated with variable interest entity as of September 30, 2022 and December 31, 2021, respectively)	1,186	1,215
Debt, current portion (including $1.2 million associated with variable interest entity as of both March 31, 2022 and December 31, 2021)	948	1,178
Other payables	242	0
Total current liabilities	34,828	30,764
Deferred tax liability	5,634	5,634
Long-term debt, net of current portion and debt discount of $229 and $200 as of September 30, 2022 and December 31, 2021, respectively (including $41,789 and $35,339 associated with variable interest entity at September 30, 2022 and December 31, 2021, respectively, and debt discount of $229 and $200 associated with variable interest entity as of September 30, 2022 and December 31, 2021, respectively)	41,789	35,339
Other liabilities (including $1,302 and $2,637 associated with variable interest entity at September 30, 2022 and December 31, 2021, respectively)	3,127	3,837
Total liabilities	85,378	75,574
Commitments and Contingencies	0	0
Karat Packaging Inc. stockholders’ equity
Common stock, $0.001 par value, 100,000,000 shares authorized, 19,832,417 and 19,809,417 shares issued and outstanding, respectively, at September 30, 2022; 19,827,417 and 19,804,417 shares issued and outstanding, respectively, at December 31, 2021	20	20
Additional paid in capital	85,519	83,694
Treasury stock, $0.001 par value, 23,000 shares at both September 30, 2022 and December 31, 2021	(248)	(248)
Retained earnings	58,541	39,434
Total Karat Packaging Inc. stockholders’ equity	143,832	122,900
Noncontrolling interest	10,250	9,125
Total stockholders’ equity	154,082	132,025
Total liabilities and stockholders’ equity	$ 239,460	$ 207,599