Laird Superfood Inc
For the period ended Dec 31, 2023. Filed Mar 13, 2024.
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FY2023 · Filed Mar 13, 2024
LSF$2.47+11.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
| Year Ended | ||
|---|---|---|
| December 31, | ||
| 2023 | 2022 | |
| Sales, net | $34,224,198 | $35,828,392 |
| Cost of goods sold | (23,910,921) | (30,641,125) |
| Gross profit | 10,313,277 | 5,187,267 |
| General and administrative | ||
| Salaries, wages and benefits | 4,203,613 | 6,414,481 |
| Impairment of goodwill and long-lived assets | — | 12,814,441 |
| Loss on lease termination | — | 3,596,365 |
| Other expense | 5,370,024 | 7,769,876 |
| Total general and administrative expenses | 9,573,637 | 30,595,163 |
| Research and product development | 219,723 | 427,537 |
| Sales and marketing | ||
| Advertising | 3,825,969 | 6,914,706 |
| General marketing | 3,721,973 | 3,797,761 |
| Related party marketing agreements | 213,051 | 51,812 |
| Other expense | 3,457,910 | 3,764,425 |
| Total sales and marketing expenses | 11,218,903 | 14,528,704 |
| Total operating expenses | 21,012,263 | 45,551,404 |
| Operating loss | (10,698,986) | (40,364,137) |
| Other income | 551,064 | 47,088 |
| Loss before income taxes | (10,147,922) | (40,317,049) |
| Income tax expense | (15,195) | (20,269) |
| Net loss | $(10,163,117) | $(40,337,318) |
| Net loss per share: | ||
| Basic | $(1.09) | $(4.41) |
| Diluted | $(1.09) | $(4.41) |
| Weighted-average shares of common stock outstanding used in computing net loss per share of common stock, basic and diluted | 9,297,226 | 9,146,008 |
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