Local Bounti CorporationDE
For the period ended Dec 31, 2023. Filed Mar 28, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 28, 2024
LOCL$0.78-2.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets at and
(in thousands, except share and per share data)
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $10,326 | $13,666 |
| Restricted cash | 6,569 | 11,272 |
| Accounts receivable, net | 3,078 | 2,691 |
| Inventory, net | 4,210 | 3,594 |
| Prepaid expenses and other current assets | 2,805 | 2,881 |
| Total current assets | 26,988 | 34,104 |
| Property and equipment, net | 313,166 | 157,844 |
| Operating lease right-of-use assets | 172 | 137 |
| Goodwill | — | 38,481 |
| Intangible assets, net | 41,353 | 47,273 |
| Other assets | 73 | 901 |
| Total assets | $381,752 | $278,740 |
| Liabilities and stockholders' equity | ||
| Current liabilities | ||
| Accounts payable | $14,640 | $13,757 |
| Accrued liabilities | 17,204 | 9,426 |
| Operating lease liabilities | 97 | 84 |
| Total current liabilities | 31,941 | 23,267 |
| Long-term debt, net of debt issuance costs | 277,985 | 119,814 |
| Financing obligation | 49,225 | 14,139 |
| Operating lease liabilities, noncurrent | 114 | 187 |
| Warrant liability | 7,214 | — |
| Total liabilities | 366,479 | 157,407 |
| Commitments and contingencies (Note 16) | ||
| Stockholders' equity | ||
| Common stock, $0.0001 par value, 400,000,000 shares authorized, 8,311,229 and 7,976,980 issued and outstanding as of December 31, 2023 and December 31, 2022, respectively(1) | 1 | 1 |
| Additional paid-in capital | 318,600 | 300,645 |
| Accumulated deficit | (303,328) | (179,313) |
| Total stockholders' equity | 15,273 | 121,333 |
| Total liabilities and stockholders' equity | $381,752 | $278,740 |
(1) Prior comparative period share amounts issued and outstanding have been retroactively adjusted to reflect the June 15, 2023 Reverse Stock Split (as defined below). See Note 12, Stockholders' Equity, for additional detail.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.