Laird Superfood, Inc.
For the period ended Mar 31, 2026. Filed May 14, 2026.
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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.
Mar 31, 2026 · Filed May 14, 2026
LSF$2.43-1.6%Stored close · as of Nov 10, 2026
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Unaudited Consolidated Condensed Statements of Cash Flows
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities | ||
| Net income (loss) | $1,750,930 | $(156,182) |
| Adjustments to reconcile net income (loss) to net cash from operating activities: | ||
| Depreciation and amortization | 171,667 | 66,521 |
| Stock-based compensation | 371,952 | 508,410 |
| Provision for inventory obsolescence | (19,553) | 101,715 |
| Deferred income tax benefit (release of valuation allowance) | (4,745,333) | — |
| Other operating activities, net | 52,402 | 24,575 |
| Changes in operating assets and liabilities, net of acquisition: | ||
| Accounts receivable | 427,249 | (556,239) |
| Inventory | (1,615,931) | (3,638,003) |
| Prepaid expenses and other current assets | 987,646 | 576,688 |
| Operating lease liability | (27,286) | (26,492) |
| Accounts payable | 7,525 | 1,032,391 |
| Accrued expenses | (1,199,928) | 751,038 |
| Related party liabilities | 6,000 | 40,834 |
| Net cash from operating activities | (3,832,660) | (1,274,744) |
| Cash flows from investing activities | ||
| Purchase of property and equipment | (3,878) | (72,214) |
| Acquisition of a business, net of cash acquired (Note 2) | (40,203,669) | — |
| Net cash from investing activities | (40,207,547) | (72,214) |
| Cash flows from financing activities | ||
| Common stock issuances, net of taxes | (136,589) | (19,292) |
| Stock option exercises | 136,675 | 15,460 |
| Preferred stock issuances | 50,000,000 | — |
| Preferred stock issuance costs | (760,775) | — |
| Net cash from financing activities | 49,239,311 | (3,832) |
| Net change in cash and cash equivalents | 5,199,104 | (1,350,790) |
| Cash, cash equivalents, and restricted cash, beginning of period | 5,320,600 | 8,514,152 |
| Cash, cash equivalents, and restricted cash, end of period | $10,519,704 | $7,163,362 |
| Supplemental disclosures of non-cash activities | ||
| Accretion of paid-in-kind preferred dividends | $98,308 | $— |
| Prepaid expenses paid for with a short-term financing arrangement included in accrued expenses | $25,846 | $83,379 |
| Deferred common stock issuance costs included in accrued expenses at the beginning of the year | $238,517 | $— |
| Taxes withheld to cover net issuances of incentive stock awards included in accrued expenses at the beginning of the year | $33,700 | $214,489 |
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