Laird Superfood Inc
For the period ended Jun 30, 2024. Filed Aug 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 7, 2024
LSF$2.43-1.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Consolidated Condensed Statements of Operations
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS
| Three Months Ended · Six Months Ended | ||||
|---|---|---|---|---|
| June 30, | June 30, | |||
| 2024 | 2023 | 2024 | 2023 | |
| Sales, net | $10,003,654 | $7,724,091 | $19,912,592 | $15,837,029 |
| Cost of goods sold | (5,826,373) | (5,848,023) | (11,771,210) | (12,087,085) |
| Gross profit | 4,177,281 | 1,876,068 | 8,141,382 | 3,749,944 |
| General and administrative | ||||
| Salaries, wages, and benefits | 975,809 | 1,090,266 | 1,898,216 | 2,405,715 |
| Other general and administrative | 1,172,363 | 1,608,235 | 2,407,704 | 3,375,096 |
| Total general and administrative expenses | 2,148,172 | 2,698,501 | 4,305,920 | 5,780,811 |
| Sales and marketing | ||||
| Marketing and advertising | 1,383,425 | 2,036,766 | 3,436,683 | 4,187,822 |
| Selling | 920,739 | 721,630 | 1,699,895 | 1,574,834 |
| Related party marketing agreements | 63,566 | 74,776 | 126,067 | 164,564 |
| Total sales and marketing expenses | 2,367,730 | 2,833,172 | 5,262,645 | 5,927,220 |
| Total operating expenses | 4,515,902 | 5,531,673 | 9,568,565 | 11,708,031 |
| Operating loss | (338,621) | (3,655,605) | (1,427,183) | (7,958,087) |
| Other income | 103,069 | 149,109 | 214,066 | 320,103 |
| Loss before income taxes | (235,552) | (3,506,496) | (1,213,117) | (7,637,984) |
| Income tax expense | (3,524) | (750) | (42,481) | (13,172) |
| Net loss | $(239,076) | $(3,507,246) | $(1,255,598) | $(7,651,156) |
| Net loss per share: | ||||
| Basic and diluted | $(0.02) | $(0.38) | $(0.13) | $(0.83) |
| Weighted-average shares of common stock outstanding used in computing net loss per share of common stock, basic and diluted | 9,833,001 | 9,284,585 | 9,617,800 | 9,249,738 |
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