Laird Superfood Inc
For the period ended Sep 30, 2024. Filed Nov 6, 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.
Sep 30, 2024 · Filed Nov 6, 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 Cash Flows
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities | ||
| Net loss | $(1,421,718) | $(10,306,040) |
| Adjustments to reconcile net loss to net cash from operating activities: | ||
| Depreciation and amortization | 204,419 | 235,025 |
| Stock-based compensation | 1,073,698 | 818,647 |
| Provision for inventory obsolescence | 560,519 | 1,260,580 |
| Allowance for credit losses | 54,607 | 245,700 |
| Noncash lease costs | 114,254 | 114,254 |
| Other operating activities, net | — | 38,098 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (839,991) | (937,876) |
| Inventory | (393,402) | (1,958,157) |
| Prepaid expenses and other current assets | 113,083 | 1,061,879 |
| Operating lease liability | (97,520) | (94,679) |
| Accounts payable | 50,377 | 810,908 |
| Accrued expenses | 1,107,932 | (2,217,484) |
| Net cash from operating activities | 526,258 | (10,929,145) |
| Cash flows from investing activities | (19,178) | 567,459 |
| Cash flows from financing activities | (12,495) | (23,066) |
| Net change in cash and cash equivalents | 494,585 | (10,384,752) |
| Cash, cash equivalents, and restricted cash, beginning of period | 7,706,806 | 17,809,802 |
| Cash, cash equivalents, and restricted cash, end of period | $8,201,391 | $7,425,050 |
| Supplemental disclosures of cash flow information | ||
| Right-of-use assets obtained in exchange for operating lease liabilities | $— | $344,382 |
| Supplemental disclosures of non-cash investing activities | ||
| Settlement recovery from business interruption claims included in other current assets | $— | $158,429 |
| Receivable from sale of assets held-for-sale included in other current assets at the end of the period | $— | $126,268 |
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