Laird Superfood Inc
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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FY2024 · Filed Feb 26, 2025
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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Item 8. Consolidated Statements of Cash Flows
| Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities | ||
| Net loss | $(1,820,161) | $(10,163,117) |
| Adjustments to reconcile net loss to net cash from operating activities: | ||
| Depreciation and amortization | 270,271 | 306,176 |
| Stock-based compensation | 1,637,788 | 1,092,146 |
| Provision for inventory obsolescence | 599,902 | 1,273,171 |
| Allowance for credit losses | (21,094) | 165,980 |
| Noncash lease costs | 142,321 | 152,339 |
| Other operating activities, net | 11,370 | 38,098 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (719,445) | 306,117 |
| Inventory | (253,019) | (1,899,165) |
| Prepaid expenses and other current assets | (267,463) | 1,244,511 |
| Operating lease liability | (128,426) | (126,434) |
| Accounts payable | 513,066 | 570,094 |
| Accrued expenses | 900,392 | (3,725,797) |
| Net cash from operating activities | 865,502 | (10,765,881) |
| Cash flows from investing activities | ||
| Purchase of property and equipment | (24,776) | (144,023) |
| Proceeds on sale of property and equipment | — | 34,330 |
| Proceeds from sale of assets held-for-sale | — | 800,000 |
| Net cash from investing activities | (24,776) | 690,307 |
| Cash flows from financing activities | ||
| Common stock issuances, net of taxes | (70,926) | (27,422) |
| Common stock issuance costs | (57,475) | — |
| Stock options exercised, net of option costs | 95,021 | — |
| Net cash from financing activities | (33,380) | (27,422) |
| Net change in cash and cash equivalents | 807,346 | (10,102,996) |
| Cash, cash equivalents, and restricted cash, beginning of period | 7,706,806 | 17,809,802 |
| Cash, cash equivalents, and restricted cash, end of period | $8,514,152 | $7,706,806 |
| Supplemental disclosures of cash flow information | ||
| Cash paid for interest | $16,027 | $13,994 |
| Cash paid for income taxes | $63,852 | $17,625 |
| Right-of-use assets obtained in exchange for operating lease liabilities | $— | $344,382 |
| Prepaid expenses paid for with a short-term financing arrangement included in accrued expenses | $165,543 | $— |
LAIRD SUPERFOOD, INC
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