CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents (including $7,256 and $2,022 associated with variable interest entity at June 30, 2023 and December 31, 2022, respectively)	$ 18,257	$ 16,041
Short-term investments (including $8,000 and $0 associated with variable interest entity at June 30, 2023, and December 31, 2022, respectively)	28,000	0
Accounts receivable, net of allowance for doubtful accounts of $260 and $1,260 at June 30, 2023 and December 31, 2022, respectively (including $3 and $6 associated with variable interest entity at June 30, 2023 and December 31, 2022, respectively)	32,816	29,912
Inventories	76,295	71,206
Prepaid expenses and other current assets (including $178 and $191 associated with variable interest entity at June 30, 2023 and December 31, 2022, respectively)	5,631	6,641
Total current assets	160,999	123,800
Property and equipment, net (including $44,792 and $45,399 associated with variable interest entity at June 30, 2023 and December 31, 2022, respectively)	95,705	95,568
Deposits	5,997	12,413
Goodwill	3,510	3,510
Intangible assets, net	340	353
Operating right-of-use assets	18,404	15,713
Other assets (including $15 and $38 associated with variable interest entity at June 30, 2023 and December 31, 2022, respectively)	1,970	818
Total assets	286,925	252,175
Current liabilities
Accrued expenses (including $289 and $625 associated with variable interest entity at June 30, 2023 and December 31, 2022, respectively)	7,946	9,005
Income taxes payable	5,105	0
Customer deposits (including $116 and $165 associated with variable interest entity at June 30, 2023 and December 31, 2022, respectively)	979	1,281
Long-term debt, current portion (including $971 and $957 associated with variable interest entity at June 30, 2023 and December 31, 2022, respectively)	971	957
Operating lease liabilities, current portion	5,078	4,511
Other payables	132	0
Total current liabilities	50,722	39,253
Deferred tax liability	5,156	5,156
Long-term debt, net of current portion and debt discount of $190 and $216 at June 30, 2023 and December 31, 2022, respectively (including $49,094 and $41,558 associated with variable interest entity at June 30, 2023 and December 31, 2022, respectively, and debt discount of $190 and $216 associated with variable interest entity at June 30, 2023 and December 31, 2022, respectively)	49,094	41,558
Operating lease liabilities, net of current portion	13,823	11,623
Other liabilities (including $1,302 associated with variable interest entity at both June 30, 2023 and December 31, 2022)	2,824	2,652
Total liabilities	121,619	100,242
Commitments and Contingencies (Note 17)
Karat Packaging Inc. stockholders’ equity
Preferred stock, $0.001 par value, 10,000,000 shares authorized, no shares issued and outstanding, at both June 30, 2023 and December 31, 2022	0	0
Common stock, $0.001 par value, 100,000,000 shares authorized, 19,911,039 and 19,888,039 shares issued and outstanding, respectively, as of June 30, 2023 and 19,908,005 and 19,885,005 shares issued and outstanding, respectively, as of December 31, 2022	20	20
Additional paid in capital	86,267	85,792
Treasury stock, $0.001 par value, 23,000 shares at both June 30, 2023 and December 31, 2022	(248)	(248)
Retained earnings	68,660	56,118
Total Karat Packaging Inc. stockholders’ equity	154,699	141,682
Noncontrolling interest	10,607	10,251
Total stockholders’ equity	165,306	151,933
Total liabilities and stockholders’ equity	286,925	252,175
Nonrelated Party
Current liabilities
Accounts payable (including $2 associated with variable interest entity at both June 30, 2023 and December 31, 2022)	23,384	18,559
Related Party
Current liabilities
Accounts payable (including $2 associated with variable interest entity at both June 30, 2023 and December 31, 2022)	7,127	4,940
VIE, Primary Beneficiary
Current assets
Cash and cash equivalents (including $7,256 and $2,022 associated with variable interest entity at June 30, 2023 and December 31, 2022, respectively)	7,256	2,022
Short-term investments (including $8,000 and $0 associated with variable interest entity at June 30, 2023, and December 31, 2022, respectively)	8,000	0
Prepaid expenses and other current assets (including $178 and $191 associated with variable interest entity at June 30, 2023 and December 31, 2022, respectively)	178	191
Property and equipment, net (including $44,792 and $45,399 associated with variable interest entity at June 30, 2023 and December 31, 2022, respectively)	44,792	45,399
Other assets (including $15 and $38 associated with variable interest entity at June 30, 2023 and December 31, 2022, respectively)	15	38
Current liabilities
Accounts payable (including $2 associated with variable interest entity at both June 30, 2023 and December 31, 2022)	2	2
Accrued expenses (including $289 and $625 associated with variable interest entity at June 30, 2023 and December 31, 2022, respectively)	289	625
Customer deposits (including $116 and $165 associated with variable interest entity at June 30, 2023 and December 31, 2022, respectively)	116	165
Long-term debt, current portion (including $971 and $957 associated with variable interest entity at June 30, 2023 and December 31, 2022, respectively)	971	957
Other liabilities (including $1,302 associated with variable interest entity at both June 30, 2023 and December 31, 2022)	$ 1,302	$ 1,302