Laird Superfood (LSF) 10-Q 10 Nov 21 2021 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2021	Nov. 09, 2021
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
Entity Central Index Key	0001650696
Current Fiscal Year End Date	--12-31
Entity Registrant Name	Laird Superfood, Inc.
Amendment Flag	false
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity File Number	001-39537
Entity Small Business	true
Entity Incorporation, State or Country Code	DE
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Address, Address Line One	275 W. Lundgren Mill Drive
Entity Tax Identification Number	81-1589788
Entity Address, City or Town	Sisters
Entity Address, State or Province	OR
Entity Address, Postal Zip Code	97759
City Area Code	(888)
Local Phone Number	670-6796
Title of 12(b) Security	Common Stock
Trading Symbol	LSF
Security Exchange Name	NYSEAMER
Entity Common Stock, Shares Outstanding		9,054,176

BALANCE SHEET

BALANCE SHEET - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Current assets
Cash and cash equivalents	$ 31,057,538	$ 57,208,080
Accounts receivable, net	956,870	839,659
Investment securities available-for-sale	8,688,251	8,706,844
Inventory	10,335,990	6,295,898
Prepaid expenses and other current assets, net	1,767,744	2,847,319
Deposits	563,580	97,674
Total current assets	53,369,973	75,995,474
Noncurrent assets
Property and equipment, net	4,139,199	3,513,488
Intangible assets, net	4,965,060	137,092
Goodwill	6,486,000	0
Deferred rent	2,428,859	2,696,646
Total noncurrent assets	18,019,118	6,347,226
Total assets	71,389,091	82,342,700
Current liabilities
Accounts payable	1,548,009	1,315,964
Payroll liabilities	813,798	722,915
Accrued expenses	1,185,900	704,543
Total current liabilities	3,547,707	2,743,422
Long-term liabilities
Deferred tax liability, net	86,495	0
Note payable	51,000	51,000
Total long-term liabilities	137,495	51,000
Total liabilities	3,685,202	2,794,422
Stockholders' equity
Common stock, $0.001 par value, 100,000,000 shares authorized as of September 30, 2021 and December 31, 2020; 9,402,959 and 9,037,499 issued and outstanding at September 30, 2021, respectively; 9,247,758 and 8,892,886 issued and outstanding at December 31, 2020, respectively	9,037	8,893
Additional paid-in capital	116,614,323	111,452,346
Accumulated other comprehensive income (loss)	(7,842)	14,207
Accumulated deficit	(48,911,629)	(31,927,168)
Total stockholders' equity	67,703,889	79,548,278
Total liabilities and stockholders' equity	$ 71,389,091	$ 82,342,700

BALANCE SHEET (Parenthetical)

BALANCE SHEET (Parenthetical) - $ / shares	Sep. 30, 2021	Dec. 31, 2020
Common stock par or stated value per share	$ 0.001	$ 0.001
Common stock shares authorized	100,000,000	100,000,000
Common stock shares issued	9,402,959	9,247,758
Common stock shares outstanding	9,037,499	8,892,886

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Net Income (Loss) Available to Common Stockholders, Basic [Abstract]
Sales, net	$ 10,865,914	$ 7,490,642	$ 27,443,394	$ 18,498,497
Cost of goods sold	(7,667,075)	(5,734,144)	(20,225,269)	(13,384,880)
Gross profit	3,198,839	1,756,498	7,218,125	5,113,617
General and administrative
Salaries, wages and benefits	1,252,664	1,031,425	3,478,362	2,652,500
Stock-based compensation	911,467	290,148	2,766,071	589,600
Professional fees	551,368	274,244	1,504,438	647,422
Insurance expense	537,174	89,136	1,560,395	146,197
Office expense	235,109	142,269	628,388	364,518
Occupancy	68,251	57,378	187,729	167,151
Merchant service fees	171,050	103,306	429,307	248,355
Netsuite subscription expense	64,886	33,173	194,024	90,491
Impairment on property, plant, and equipment	8,317	0	8,317	239,734
Other expense	453,838	197,740	1,303,398	504,864
Total general and administrative expenses	4,254,124	2,218,819	12,060,429	5,650,832
Research and product development
Salaries, wages and benefits	118,105	54,454	304,653	202,287
Stock-based compensation	7,864	2,310	16,816	6,694
Product development expense	107,418	43,589	520,210	141,506
Other expense	9,217	2,526	16,464	13,503
Total research and product development expenses	242,604	102,879	858,143	363,990
Sales and marketing
Salaries, wages and benefits	589,941	613,961	1,854,020	2,057,517
Stock-based compensation	65,441	520,022	162,536	630,456
Advertising	1,954,377	1,140,369	5,313,881	3,146,592
General marketing	1,131,023	312,402	3,079,181	883,286
Amazon selling fee	196,053	179,425	609,171	575,313
Travel expense	11,828	4,908	32,188	78,872
Other expense	66,090	45,543	182,788	148,911
Total sales and marketing expenses	4,014,753	2,816,630	11,233,765	7,520,947
Total expenses	8,511,481	5,138,328	24,152,337	13,535,769
Operating loss	(5,312,642)	(3,381,830)	(16,934,212)	(8,422,152)
Other income
Interest and dividend income	10,721	20,496	36,246	51,521
Gain on sale of available-for-sale securities	0	6,250	0	13,927
Total other income	10,721	26,746	36,246	65,448
Loss before income taxes	(5,301,921)	(3,355,084)	(16,897,966)	(8,356,704)
Income tax expense	(49,777)	0	(86,495)	0
Net loss	(5,351,698)	(3,355,084)	(16,984,461)	(8,356,704)
Less deemed dividend of beneficial conversion feature	0	0	0	(825,366)
Less deemed dividend on warrant discount	0	(645,939)	0	(825,366)
Net loss attributable to Laird Superfood, Inc. common stockholders	$ (5,351,698)	$ (4,001,023)	$ (16,984,461)	$ (10,007,436)
Net loss per share attributable to Laird Superfood, Inc common stockholders:
Basic	$ (0.59)	$ (0.86)	$ (1.90)	$ (2.26)
Diluted	$ (0.59)	$ (0.86)	$ (1.90)	$ (2.26)
Weighted-average shares of common stock outstanding used in computing net loss per share of common stock, basic and diluted	9,001,912	4,672,041	8,954,875	4,427,114

STATEMENTS OF COMPREHENSIVE LOS

STATEMENTS OF COMPREHENSIVE LOSS - USD ($)		3 Months Ended		9 Months Ended
		Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Statement of Comprehensive Income [Abstract]
Net loss		$ (5,351,698)	$ (4,001,023)	$ (16,984,461)	$ (10,007,436)
Other comprehensive income (loss), net of tax
Other comprehensive income (loss), net of tax Change in unrealized gains (losses) on investment securities available-for-sale, net of tax	[1]	1,952	(16,421)	(22,049)	924
Total other comprehensive income (loss)		1,952	(16,421)	(22,049)	924
Comprehensive loss		$ (5,349,746)	$ (4,017,444)	$ (17,006,510)	$ (10,006,512)
[1]	The Company maintains a full valuation allowance related to our net deferred tax assets, primarily due to our historical net loss position. See note 11 for the estimated tax benefit deferred.

STATEMENTS OF CONVERTIBLE PREFE

STATEMENTS OF CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' EQUITY - USD ($)	Total	Convertible Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Accumulated Deficit [Member]
Temporary Equity, Balance Begining at Dec. 31, 2019		$ 6,722,951
Temporary Equity, Balance Begining, Shares at Dec. 31, 2019		314,593
Stockholders' Equity, Balance Begining at Dec. 31, 2019	$ 8,111,345		$ 4,188	$ 27,184,250	$ (226)	$ (19,076,867)
Stockholders' Equity, Balance Begining, Shares at Dec. 31, 2019			4,188,558
Stock-based compensation	258,486			258,486
Stock option exercises	6,030			6,030
Stock option exercises, Shares			804
Less: repurchased common stock, Value	(20,532)		$ (1)	(20,531)
Less: repurchased common stock, Shares			(1,416)
Common stock issued for business acquisition costs	1,997,665		$ 138	1,997,527
Common stock issued for business acquisition costs, Shares			137,770
Other comprehensive income, net of tax	31,090				31,090
Net loss	(1,995,230)					(1,995,230)
Temporary Equity, Balance Ending at Mar. 31, 2020		$ 6,722,951
Temporary Equity, Balance Ending, Shares at Mar. 31, 2020		314,593
Stockholders' Equity, Balance Ending at Mar. 31, 2020	8,388,854		$ 4,325	29,425,762	30,864	(21,072,097)
Stockholders' Equity, Balance Ending, Shares at Mar. 31, 2020			4,325,716
Temporary Equity, Balance Begining at Dec. 31, 2019		$ 6,722,951
Temporary Equity, Balance Begining, Shares at Dec. 31, 2019		314,593
Stockholders' Equity, Balance Begining at Dec. 31, 2019	8,111,345		$ 4,188	27,184,250	(226)	(19,076,867)
Stockholders' Equity, Balance Begining, Shares at Dec. 31, 2019			4,188,558
Less: Withholding tax payments for share-based compensation	$ 0
Stock option exercises, Shares	11,314
Less: repurchased common stock, Value	$ (20,532)
Deemed dividend of beneficial conversion feature	825,366
Other comprehensive income, net of tax	924
Net loss	(8,356,704)
Temporary Equity, Balance Ending at Sep. 30, 2020		$ 0
Temporary Equity, Balance Ending, Shares at Sep. 30, 2020		0
Stockholders' Equity, Balance Ending at Sep. 30, 2020	82,786,157		$ 8,875	110,210,155	698	(27,433,571)
Stockholders' Equity, Balance Ending, Shares at Sep. 30, 2020			8,874,890
Temporary Equity, Balance Begining at Mar. 31, 2020		$ 6,722,951
Temporary Equity, Balance Begining, Shares at Mar. 31, 2020		314,593
Stockholders' Equity, Balance Begining at Mar. 31, 2020	8,388,854		$ 4,325	29,425,762	30,864	(21,072,097)
Stockholders' Equity, Balance Begining, Shares at Mar. 31, 2020			4,325,716
Stock-based compensation	212,834			212,834
Restricted stock awards	62,431		$ 5	62,426
Restricted stock awards, Shares			4,784
Preferred stock issuances		$ 10,000,006
Preferred stock issuances, Shares		383,142
Beneficial conversion feature on Preferred Series B-1	825,366	$ (825,366)		825,366
Deemed dividend on warrant discount, Permanent Equity	(179,427)			(179,427)
Allocation of preferred series B-1 proceeds to warrants	825,366	(825,366)		825,366
Deemed dividend of beneficial conversion feature		(179,427)
Deemed dividend of beneficial conversion feature, Temporary Equity		825,366
Deemed dividend of beneficial conversion feature, Permanent Equity	(825,366)			(825,366)
Preferred stock issuance costs		(147,721)
Other comprehensive income, net of tax	(13,745)				(13,745)
Net loss	(3,006,390)					(3,006,390)
Temporary Equity, Balance Ending at Jun. 30, 2020		$ 15,929,297
Temporary Equity, Balance Ending, Shares at Jun. 30, 2020		697,735
Stockholders' Equity, Balance Ending at Jun. 30, 2020	6,289,923		$ 4,330	30,346,961	17,119	(24,078,487)
Stockholders' Equity, Balance Ending, Shares at Jun. 30, 2020			4,330,500
Stock-based compensation	849,113			849,113
Less: Withholding tax payments for share-based compensation	0
Stock option exercises	113,808		$ 11	113,797
Stock option exercises, Shares			10,510
Preferred share conversion, Temporary Equity, Value		$ (16,575,236)
Preferred share conversion, Temporary Equity, In Shares		(697,735)
Preferred share conversion, Permanent Equity, Shares			1,395,470
Preferred value conversion, Permanent Equity	16,575,236		$ 1,396	16,573,840
Less: repurchased common stock, Value	0
Deemed dividend of beneficial conversion feature	645,939	$ 645,939		645,939
Common stock issued for business acquisition costs	64,106,812		$ 3,138	64,103,674
Common stock issued for business acquisition costs, Shares			3,138,410
Common stock issuance costs	(1,131,291)			(1,131,291)
Other comprehensive income, net of tax	(16,421)				(16,421)
Net loss	(3,355,084)					(3,355,084)
Temporary Equity, Balance Ending at Sep. 30, 2020		$ 0
Temporary Equity, Balance Ending, Shares at Sep. 30, 2020		0
Stockholders' Equity, Balance Ending at Sep. 30, 2020	$ 82,786,157		$ 8,875	110,210,155	698	(27,433,571)
Stockholders' Equity, Balance Ending, Shares at Sep. 30, 2020			8,874,890
Temporary Equity, Balance Begining at Dec. 31, 2020		$ 0
Temporary Equity, Balance Begining, Shares at Dec. 31, 2020	0	0
Stockholders' Equity, Balance Begining at Dec. 31, 2020	$ 79,548,278		$ 8,893	111,452,346	14,207	(31,927,168)
Stockholders' Equity, Balance Begining, Shares at Dec. 31, 2020			8,892,886
Stock-based compensation	1,010,003			1,010,003
Less: Withholding tax payments for share-based compensation	(188,793)			(188,793)
Stock option exercises	151,646		$ 28	151,618
Stock option exercises, Shares			28,148
Common stock issuance costs	(82,043)			(82,043)
Other comprehensive income, net of tax	(20,290)				(20,290)
Net loss	(5,330,504)					(5,330,504)
Temporary Equity, Balance Ending at Mar. 31, 2021		$ 0
Temporary Equity, Balance Ending, Shares at Mar. 31, 2021		0
Stockholders' Equity, Balance Ending at Mar. 31, 2021	$ 75,088,297		$ 8,921	112,343,131	(6,083)	(37,257,672)
Stockholders' Equity, Balance Ending, Shares at Mar. 31, 2021			8,921,034
Temporary Equity, Balance Begining at Dec. 31, 2020		$ 0
Temporary Equity, Balance Begining, Shares at Dec. 31, 2020	0	0
Stockholders' Equity, Balance Begining at Dec. 31, 2020	$ 79,548,278		$ 8,893	111,452,346	14,207	(31,927,168)
Stockholders' Equity, Balance Begining, Shares at Dec. 31, 2020			8,892,886
Less: Withholding tax payments for share-based compensation	$ (219,157)
Stock option exercises, Shares	61,119
Less: repurchased common stock, Value	$ 0
Deemed dividend of beneficial conversion feature	0
Other comprehensive income, net of tax	(22,049)
Net loss	$ (16,984,461)
Temporary Equity, Balance Ending at Sep. 30, 2021		$ 0
Temporary Equity, Balance Ending, Shares at Sep. 30, 2021	0	0
Stockholders' Equity, Balance Ending at Sep. 30, 2021	$ 67,703,889		$ 9,037	116,614,323	(7,842)	(48,911,629)
Stockholders' Equity, Balance Ending, Shares at Sep. 30, 2021			9,037,449
Temporary Equity, Balance Begining at Mar. 31, 2021		$ 0
Temporary Equity, Balance Begining, Shares at Mar. 31, 2021		0
Stockholders' Equity, Balance Begining at Mar. 31, 2021	75,088,297		$ 8,921	112,343,131	(6,083)	(37,257,672)
Stockholders' Equity, Balance Begining, Shares at Mar. 31, 2021			8,921,034
Stock-based compensation	1,090,074			1,090,074
Less: Withholding tax payments for share-based compensation	(30,363)		$ (1)	(30,362)
Less: Withholding tax payments for share-based compensation, Shares			(956)
Stock option exercises	243,020		$ 23	242,997
Stock option exercises, Shares			23,169
Restricted stock awards	3		$ 3
Restricted stock awards, Shares			3,000
Common stock issued for business acquisition costs	1,834,857		$ 53	1,834,804
Common stock issued for business acquisition costs, Shares			53,134
Other comprehensive income, net of tax	(3,711)				(3,711)
Net loss	(6,302,259)					(6,302,259)
Temporary Equity, Balance Ending at Jun. 30, 2021		$ 0
Temporary Equity, Balance Ending, Shares at Jun. 30, 2021		0
Stockholders' Equity, Balance Ending at Jun. 30, 2021	71,919,918		$ 8,999	115,480,644	(9,794)	(43,559,931)
Stockholders' Equity, Balance Ending, Shares at Jun. 30, 2021			8,999,381
Stock-based compensation	1,042,440			1,042,440
Less: Withholding tax payments for share-based compensation	(1)		$ (1)
Less: Withholding tax payments for share-based compensation, Shares			(962)
Stock option exercises	91,250		$ 11	91,239
Stock option exercises, Shares			10,517
Restricted stock awards	28		$ 28
Restricted stock awards, Shares			28,513
Less: repurchased common stock, Value	0
Deemed dividend of beneficial conversion feature	0
Other comprehensive income, net of tax	1,952				1,952
Net loss	$ (5,351,698)					(5,351,698)
Temporary Equity, Balance Ending at Sep. 30, 2021		$ 0
Temporary Equity, Balance Ending, Shares at Sep. 30, 2021	0	0
Stockholders' Equity, Balance Ending at Sep. 30, 2021	$ 67,703,889		$ 9,037	$ 116,614,323	$ (7,842)	$ (48,911,629)
Stockholders' Equity, Balance Ending, Shares at Sep. 30, 2021			9,037,449

STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS - USD ($)	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Cash flows from operating activities
Net loss	$ (16,984,461)	$ (8,356,704)
Adjustments to reconcile net loss to net cash from operating activities:
Depreciation	454,400	344,162
Amortization	243,578	7,599
Loss on disposal of equipment	5,600	0
Stock-based compensation	3,142,517	1,320,433
Reserve for prepaid assets	179,000	0
Restricted stock awards	0	62,431
Impairment on property, plant, and equipment	8,317	239,734
Gain on sale of investment securities available-for-sale	0	13,927
Changes in operating assets and liabilities:
Accounts receivable	(72,150)	(397,669)
Inventory	(3,314,086)	(1,441,766)
Prepaid expenses and other current assets	1,137,741	(1,582,315)
Deferred rent	267,787	270,731
Deposits	2,601	33,009
Accounts payable	184,722	1,613,754
Payroll liabilities	81,694	207,675
Accrued expenses	333,246	567,103
Deferred taxes	86,495	0
Net cash from operating activities	(14,242,999)	(7,097,896)
Cash flows from investing activities
Purchase of property, plant, and equipment	(1,039,350)	(874,764)
Proceeds from sale of property, equipment, and software	700	0
Deposits on equipment to be acquired	(462,507)	0
Purchase of software	(141,546)	0
Acquisition of a business, net of cash acquired (note 2)	(10,449,587)	0
Sale of investment securities available-for-sale	0	516,459
Proceeds from maturities of investment securities available-for-sale	0	4,475,000
Net cash from investing activities	(12,092,290)	4,116,695
Cash flows from financing activities
Issuance of common stock	0	66,104,477
Issuance of preferred stock	0	10,000,006
Common stock issuance costs	(82,043)	(1,131,291)
Preferred stock issuance costs	0	(147,721)
Withholding tax payments for share based compensation	(219,157)	0
Restricted stock units issued	31	0
Repurchased common stock	0	(20,532)
Stock options exercised	485,916	119,838
Net cash from financing activities	184,747	74,924,777
Net change in cash and cash equivalents	(26,150,542)	71,943,576
Cash and cash equivalents, beginning of period	57,208,080	1,004,109
Cash and cash equivalents, end of period	31,057,538	72,947,685
Supplemental disclosures of non-cash information
Unrealized gain (loss) on available-for-sale securities	(22,049)	924
Purchases of equipment included in deposits at the beginning of the period	$ 0	$ 14,699

Nature of Operations and Summar

Nature of Operations and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations and Summary of Significant Accounting Policies	1. Nature of Operations and Summary of Significant Accounting Policies The accompanying unaudited interim financial statements include the accounts of Laird Superfood, Inc. (the “Company” or “Laird Superfood” or “we”), a Delaware corporation. On July 3, 2018, the Company entered into a plan of conversion and was converted from a corporation under the laws of the State of Oregon to a corporation under the laws of the State of Delaware with an updated par value of $ 0.001 per share of common stock. Nature of Operations Laird Superfood is an emerging consumer products platform focused on manufacturing and marketing highly differentiated, plant-based and functional foods from its headquarters in Sisters, Oregon. The core pillars of the Laird Superfood platform are currently Superfood Creamer coffee creamers, Hydrate hydration products and beverage enhancing supplements, harvest snacks and other food items, and roasted and instant coffees, teas and hot chocolate. The Company was founded in 2015. Initial Public Offering On September 25, 2020, the Company completed its initial public offering (“IPO”), in which the Company issued and sold 3,047,500 shares of its common stock at a public offering price of $ 22 per share, including 397,500 shares of common stock upon the exercise of the underwriter’s option to purchase additional shares. After underwriting discounts and commissions and other offering costs, net proceeds from the IPO were approximately $ 61,966,237 . Offering costs of approximately $ 1,350,815 were recognized as a reduction of additional-paid-in capital. Upon the closing of the IPO, all outstanding shares of the Company’s preferred stock converted into shares of common stock, consisting of (i) 162,340 outstanding shares of Series A-1 convertible preferred stock converting into 324,680 aggregate shares of common stock, (ii) 152,253 outstanding shares of Series A-2 convertible preferred stock converting into 304,506 aggregate shares of common stock, and (iii) 383,142 outstanding shares of Series B-1 convertible preferred stock converting into 766,284 aggregate shares of common stock. Concurrent Private Placement Danone Manifesto Ventures, PBC (“DMV”) purchased 90,910 shares of our common stock in a private placement immediately subsequent to the consummation of the IPO for a total purchase price of $ 2,000,020 , at a price per share of $ 22 . Basis of Accounting The financial statements include the accounts of the Company. The accounting and reporting policies of the Company conform with accounting principles generally accepted in the United States of America (“GAAP”) as contained within the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) and rules and regulations of the Securities and Exchange Commission (“SEC”). Operating results include the three and nine months ended September 30, 2021 and 2020 . Certain information in footnote disclosures normally included in financial statements prepared in accordance with GAAP has been condensed or omitted pursuant to the rules and regulations of the SEC and the accounting standards for interim financial statements. Unaudited Interim Financial Information In the opinion of the Company, the accompanying unaudited interim financial statements contain all adjustments, consisting of only normal recurring adjustments, necessary for a fair presentation of its financial position and its results of operations, changes in stockholders’ equity and cash flows. The balance sheet as of December 31, 2020 was derived from audited annual financial statements. Operating results for the three and nine months ended September 30, 2021 are not necessarily indicative of the results expected for the fiscal year ending December 31, 2021. The accompanying unaudited interim financial statements and related financial information should be read in conjunction with the audited financial statements and the related notes thereto for the fiscal year ended December 31, 2020 . Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, and expenses during the reporting period. The Company bases its estimates and assumptions on historical experience, known trends and events and various other factors that management believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Although management believes its estimates and assumptions are reasonable when made, they are based upon information available at the time they are made. Management evaluates the estimates and assumptions on an ongoing basis and, if necessary, makes adjustments. Due to the risks and uncertainties involved in the Company’s business and evolving market conditions and given the subjective element of the estimates and assumptions made, actual results may differ from estimated results. The most significant estimates and judgments impact allowances for doubtful accounts and returns, inventory obsolescence, the fair value of and/or potential impairment of goodwill and intangible assets, the fair value of assets acquired and liabilities assumed in business combinations, valuation allowance for deferred taxes, reserves on prepaid expenses, and fair value of stock-based compensation. Business Combinations Business combinations are accounted for under the acquisition method which requires identifiable assets acquired and liabilities assumed in the business acquired be recognized and measured at fair value on the acquisition date, which is the date that the acquirer obtains control of the acquired business. The amount by which the fair value of consideration transferred as the purchase price exceeds the net fair value of assets acquired and liabilities assumed is recorded as goodwill. The amount by which the net fair value of assets acquired, and liabilities assumed exceeds the fair value of consideration transferred as the purchase price is recorded as a bargain purchase gain. Acquisition-related transaction costs are expensed as incurred. These estimates are inherently uncertain and unpredictable. In addition, unanticipated events and circumstances may occur which may affect the accuracy or validity of such estimates. As a result, during the measurement period, which may be up to one year from the acquisition date, the Company may record adjustments to the assets acquired and liabilities assumed with the corresponding offset to goodwill or bargain purchase gain. Upon the conclusion of the measurement period or final determination of the fair value of assets acquired or liabilities assumed, whichever comes first, any subsequent adjustments are recorded to the Company’s Statements of Operations. Segment reporting The Company currently has one operating segment. In accordance with ASC 280, Segment Reporting (“ASC 280”), the Company considers operating segments to be components of the Company’s business for which separate financial information is available and is evaluated regularly by management in deciding how to allocate resources and in assessing performance. Management reviews financial information as a whole for purposes of allocation of resources and evaluating financial performance. Accordingly, the Company has determined that it has a single operating and reportable segment. Substantially all product sales for the periods provided were derived from domestic sales. See Note 17 for additional information regarding sales by platform within the Company’s single segment. Cash, Cash Equivalents, and Restricted Cash Cash, cash equivalents, and restricted cash are highly liquid instruments with an original maturity of three months or less when purchased. For the purposes of the statements of cash flows, the Company includes cash on hand, cash in clearing accounts, cash on deposit with financial institutions, investments with an original maturity of three months or less, and restricted cash in determining the total balance. The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the balance sheet that sum to the total of the same such amounts shown in the statement of cash flows. September 30, December 31, 2021 2020 Cash and cash equivalents $ 30,934,843 $ 56,973,896 Restricted cash 122,695 234,184 Total cash, cash equivalents, and restricted cash shown in the $ 31,057,538 $ 57,208,080 Amounts in restricted cash represent those that are required to be set aside by contractual agreement. On December 3, 2020, the Company entered into an agreement with DMV, which provided the Company $ 298,103 in funds for the purpose of supporting three COVID-19 relief projects. During the three and nine months ended September 30, 2021 , we contributed $ 30,526 and $ 111,489 , respectively, to these projects. The restriction will be released upon the completion of the projects. Concentration of Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash on deposit and cash equivalents. At times, cash and cash equivalents balances may exceed the Federal Deposit Insurance Corporation (“FDIC”) insurable limits. The Company’s investment account (recognized as cash and cash equivalents) is with what the Company believes to be a high-quality issuer. The Company has never experienced any losses related to these balances. Non-interest-bearing amounts on deposit in excess of FDIC insurable limits as of September 30, 2021 and December 31, 2020 a pproximated $ 6,254,524 and $ 6,639,821 , res pectively. Accounts Receivable, net Accounts receivable, net consists principally of trade receivables, which are recorded at the invoiced amount, net of allowances for doubtful accounts. Trade receivables do not bear interest. Receivables are considered past due or delinquent according to contract terms. Management closely monitors outstanding balances and writes off accounts receivable as they are determined uncollectible. The Company provides for estimated losses on accounts receivable based on prior bad debt experience and a review of existing receivables. Based on these factors, management determined no allowance for doubtful accounts was required as of September 30, 2021 and December 31, 2020 . Investments Investment securities that are not classified as either held-to-maturity securities or trading securities are classified as available-for-sale securities and are reported at fair value, with unrealized gains and losses excluded from earnings and reported as other comprehensive income or loss, net of income taxes. Management determines the appropriate classification of securities at the time of purchase. Investment securities are valued utilizing quoted prices in active markets. Gains and losses on the sales of available-for-sale securities are determined using the specific-identification method. Inventory Inventory is stated at the lower of cost (first-in, first-out) or net realizable value and consists primarily of raw materials and packaging and finished goods. The following table presents the components of inventory, net, as of: September 30, December 31, 2021 2020 Raw materials and packaging $ 5,463,224 $ 4,109,706 Finished goods 4,872,766 2,186,192 Total inventory, net $ 10,335,990 $ 6,295,898 The Company periodically reviews the value of items in inventory and provides write-offs of inventory based on current market assessment, which are charged to cost of goods sold. For the three and nine months ended September 30, 2021 , the Company recorded $ 39,880 and $ 168,436 , respectively, in inventory obsolescence primarily related to the Company’s liquid creamer product line. For the three and nine months ended September 30, 2020 , the Company recorded $ 102,158 and $ 291,198 , respectively, in inventory obsolescence related to the Company’s liquid creamer product line. As of September 30, 2021 and December 31, 2020 , the Company had a total of $ 695,272 and $ 958,166 , respectively, of prepayments for future raw materials inventory, net of reserve for prepaid assets of $ 179,000 , which is included in prepaid expenses and other current assets, net on the balance sheets. Property and Equipment, net Property and equipment are valued at cost, net of accumulated depreciation. Expenditures for maintenance and repairs that do not extend the useful life or increase the value of the assets are charged to expense in the period incurred. Additions and betterments are capitalized. Depreciation is computed using the straight-line method over the estimated useful lives of the assets. Estimated useful lives for depreciation purposes for furniture and factory equipment range from 3 to 10 years . The useful life for leasehold improvements is the lesser of the lease term or the useful life. Construction in progress is not depreciated until such a time that the assets are completed and placed into service. Depreciation expense is allocated to general and administrative expenses and cost of goods sold upon the sale of inventory. For the three and nine months ended September 30, 2021 , depreciation expense was $ 152,139 and $ 454,400 , respectively. For the three and nine months ended September 30, 2020 , depreciation expense was $ 114,877 and $ 344,162 , respectively. As of September 30, 2021 and December 31, 2020 , the Company had a total of $ 462,507 and $ 0 , respectively, of deposits for future equipment purchases, which is included in deposits on the balance sheets. Deferred Rent Deferred rent includes tenant improvement costs that were incurred by the landlord, RII Lundgren Mill, LLC, in the build-out of the Company’s leased space and were reimbursed by the Company. These amounts are treated as additional rents and are expensed straight-line over the life of the lease. Revenue Recognition The Company recognizes revenue in accordance with the five-step model as prescribed by ASC Topic 606 , Revenue from Contracts with a Customer, in which the Company evaluates the transfer of promised goods or services and recognizes revenue when its customer obtains control of promised goods or services in an amount that reflects the consideration which the Company expects to be entitled to receive in exchange for those goods or services. To determine revenue recognition for the arrangements that the Company determines are within the scope of ASC Topic 606, the Company performs the following five steps: (1) identify the contract(s) with a customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the contract, and (5) recognize revenue when (or as) the entity satisfies a performance obligation. See Note 17 for additional information regarding revenue recognition. The Company has elected, as a practical expedient, to account for the shipping and handling as fulfillment costs, rather than as a separate performance obligation. Methodologies for determining these provisions are dependent on customer pricing and promotional practices. The Company records reductions to revenue for estimated product returns and pricing adjustments in the same period that the related revenue is recorded. These estimates are based on industry-based historical data, historical sales returns, if any, analysis of credit memo data, and other factors known at the time. Cost of Goods Sold Cost of goods sold includes material, labor, and overhead costs incurred in the storage and distribution of products sold in the period. Material costs include the cost of products purchased. Labor and overhead costs consist of indirect product costs, including wages and benefits for manufacturing, planning, and logistics personnel, depreciation, facility costs and freight. Shipping and Handling Costs of shipping and handling related to sales revenue are included in cost of goods sold. Shipping and handling costs totaled $ 1,675,438 and $ 4,506,386 for the three and nine months ended September 30, 2021 , respectively. Shipping and handling costs totaled $ 1,132,630 and $ 2,721,567 for the three and nine months ended September 30, 2020 , respectively. Income generated from shipping costs billed through to customers was included in Sales, net in the statements of operations. Shipping income totaled $ 195,085 and $ 261,495 for the three and nine months ended September 30, 2021 , respectively. Shipping income totaled $ 25,737 and $ 221,082 for the three and nine months ended September 30, 2020 , respectively. Research and Product Development Amounts spent on research and development activities are expensed as incurred as research and product development expense on the statements of operations. Research and product development expense was $ 242,604 and $ 858,143 for the three and nine months ended September 30, 2021 , respectively. Research and product development expense was $ 102,879 and $ 363,990 for the three and nine months ended September 30, 2020 , respectively. Advertising Advertising costs are expensed when incurred. Advertising expenses for the three and nine months ended September 30, 2021 was $ 1,954,377 and $ 5,313,881 , respectively. Advertising expenses for the three and nine months ended September 30, 2020 was $ 1,140,369 and $ 3,146,592 , respectively. Marketing Marketing costs are expensed when incurred. Marketing expenses for the three and nine months ended September 30, 2021 were $ 1,131,023 and $ 3,079,181 , respectively. Marketing expenses for the three and nine months ended September 30, 2020 were $ 312,402 and $ 883,286 , respectively. Income Taxes Income taxes provide for the tax effects of transactions reported in the financial statements and consist of income taxes currently due and deferred tax assets and liabilities. The Company may also be subject to interest and penalties from taxing authorities on underpayment of income taxes. In such an event, interest and penalties are included in income tax expense. Deferred tax assets and liabilities are recognized for differences between the basis of assets and liabilities for financial statement and income tax purposes. The differences relate primarily to depreciable assets (use of different depreciation methods and lives for financial statement and income tax purposes) and net operating losses. The deferred tax assets and liabilities represent the future tax return consequences of those differences, which will either be taxable or deductible when the assets and liabilities are recovered or settled. Due to the historical net loss position of the Company, the Company recorded a deferred tax valuation allowance of $ 12,695,954 and $ 7,563,110 as of September 30, 2021 and December 31, 2020, respectively. During the nine months ended September 30, 2021 , the Company recorded a deferred tax liability of $ 86,495 to account for the book versus tax basis difference related to the goodwill intangible asset acquired in the Picky Bars acquisition, also known as a “naked credit.” Repurchased Stock Management presents repurchased stock (at cost) as a reduction in stockholders’ equity to reflect the historical stock repurchase transactions more clearly. There were no stock repurchase transactions for the three and nine months ended September 30, 2021 . There were stock repurchases of $ 0 and $ 20,532 in the three and nine months ended September 30, 2020 , respectively. Stock Incentive Plan The compensation cost relating to share-based payment transactions is recognized in the financial statements. The cost is measured based on the grant date fair value of the equity or liability instruments issued. Compensation cost for all employee stock awards is calculated and recognized over the employees’ service period, generally defined as the vesting period. For awards with graded-vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award. Compensation cost for all consultant stock awards is calculated and recognized over the consultant’s service period based on the grant date fair value of the equity or liability instruments issued. Upon exercise of stock option awards or vesting of restricted stock units, recipients are issued shares of common stock. Pre-vesting forfeitures result in the reversal of all compensation cost as of the date of termination; post-vesting cancellation does not. Earnings per Share Basic earnings per share is computed on the basis of the weighted average number of shares of common stock that were outstanding during the period. Diluted earnings per share is similarly determined, except that the denominator is increased to include the number of additional shares of common stock that would have been outstanding if all dilutive potential common stock and preferred stock had been issued and is calculated under the treasury stock method. Due to the Company’s net loss, all stock options and convertible preferred stock are anti-dilutive and excluded. Stock Split The Company’s board of directors and stockholders approved a 2-for-1 split of the Company’s common stock, which was effected on August 19, 2020. The split divided each share of the Company’s issued and outstanding common stock into two shares of common stock and correspondingly adjusted the conversion prices of its convertible preferred stock. No fractional shares were issued in connection with the split. The split was effective upon filing of the Certificate of Amendment to the Second Amended and Restated Certificate of Incorporation on August 19, 2020. The Company has reflected the effect of the 2-for-1 split of its common stock (and the corresponding adjustment of the conversion prices of its preferred stock) in these financial statements as if it had occurred at the beginning of the earliest period presented. Warrants Issued and detachable stock warrants are classified as equity or liability instruments based on the specific terms of the underlying warrant agreement. In circumstances where debt or equity is issued with detachable warrants, the proceeds from issuance are allocated to each instrument based on an acceptable method, which generally involves determining the fair value of one or more of the instruments. In conjunction with the Company’s IPO, the warrant outstanding was cancelled. See additional information in Note 13. License Agreement – Indefinite Lived Intangible Asset On August 3, 2015, the Company entered into a license agreement with the Company’s co-founder Laird Hamilton (the “LH License”). The LH License stated Laird Hamilton’s contribution to the Company was in the form of intellectual property, granting the Company the right to use Laird Hamilton’s name and likeness. This contribution, which was reported on the balance sheets as of September 30, 2021 and December 31, 2020 , was valued at $ 132,000 and satisfied with the issuance of 660,000 shares of common stock. The Company has determined that the intangible asset associated with the LH License has an indefinite life, as there is no foreseeable limit on the period of time over which it is expected to contribute to the cash flows of the Company. Please see Note 16 for more information on the Company’s related party transaction with Mr. Hamilton. On May 2, 2018, the Company entered into a license agreement with Gabrielle Reece, who is married to Mr. Hamilton (the “GR License”). Pursuant to the GR License, Ms. Reece granted the Company rights to her name, signature, voice, picture, image, likeness and biographical information commencing on July 1, 2015. This contribution, which is reported on the balance sheets as of September 30, 2021 and December 31, 2020 , was valued at $ 100 based on the consideration exchanged. The Company has determined that the intangible asset associated with the GR License has an indefinite life, as there is no foreseeable limit on the period of time over which it is expected to contribute to the cash flows of the Company. Please see Note 16 for more information on the Company’s related party transaction with Ms. Reece. On November 19, 2018, the Company executed a License and Preservation Agreement with Mr. Hamilton and Ms. Reece which superseded the predecessor license agreements with both individuals. The agreement added specific terms related to noncompetition and allowable usage of the property under the license. No additional consideration was exchanged in connection with the agreement and the life of the agreement was set at 100 years. On May 26, 2020, the Company executed a License and Preservation Agreement with Mr. Hamilton, and Ms. Reece (the “2020 License”), which superseded the predecessor license and preservation agreement with both individuals. Among other modifications, the agreement (i) modified certain approval rights of Mr. Hamilton and Ms. Reece for use of their respective images, signatures, voices, and names (other than those owned by the Company), rights of publicity and common law and statutory rights to the foregoing in the Company’s products, (ii) modified certain assignment, change of control and indemnification provisions, and (iii) granted the Company the right to extend the term of the agreement for additional ten-year terms upon the expiration of the initial one-hundred year term. No additional consideration was exchanged in connection with the agreement. As indefinite-lived intangibles, the Company assesses qualitative factors each reporting period to determine whether events and circumstances exist that indicate that the fair values of the licensing agreements were less than the carrying amounts. Upon considering these factors, the Company determined it was more likely than not that the fair values of the 2020 License were not less than the carrying amounts; therefore, the Company recognized no impairment for the three and nine months ended September 30, 2021 and 2020 . Definite Lived Intangible Assets, net Definite lived intangible assets are valued at cost, net of accumulated amortization. Amortization is computed using the straight-line method over the estimated useful lives of the assets. Estimated useful lives for amortization purposes range between 3 and 10 years. Amortization expense is allocated to general and administrative expense. For the three and nine months ended September 30, 2021 , amortization expense was $ 139,775 and $ 243,578 , respectively. For the three and nine months ended September 30, 2020 , amortization expense was $ 2,524 and $ 7,599 , respectively. Goodwill Goodwill represents the excess of purchase price over the assigned fair values of the assets acquired and liabilities assumed in conjunction with a business combination. Goodwill is reviewed for impairment annually as of December 31, or whenever events occur or circumstances change that indicate goodwill may be impaired. In testing goodwill for impairment, the Company has the option to perform a qualitative assessment to determine whether the existence of events or circumstances indicate that it is more-likely-than-not (more than 50 %) that the fair value of goodwill is less than its carrying amount. When performing a qualitative assessment, the Company evaluates factors such as industry and market conditions, cost factors, overall financial performance, and other relevant entity specific events and changes. If the qualitative assessment indicates that it is more-likely-than-not that the fair value of goodwill is less than its carrying amount, or if the Company chooses not to perform the qualitative assessment, then a quantitative assessment is performed to determine the reporting unit’s fair value. If the carrying value exceeds its fair value, then an impairment loss is recognized for the amount of the excess of the carrying amount over the fair value, not to exceed the total amount of goodwill. Employee Benefit Plan The Company sponsors a defined contribution 401(k) plan (the “401(k) plan”) for all employees 18 years or older. The 401(k) plan was initiated on July 1, 2018. Employee contributions may be made on a before-tax basis, limited by Internal Revenue Service regulations. For the three and nine months ended September 30, 2021 and 2020 , we did no t match employee contributions. JOBS Act Accounting Election The Company qualifies as an “emerging growth company,” as defined in the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”). Under the JOBS Act, emerging growth companies can delay adopting new or revised accounting standards issued subsequent to the enactment of the JOBS Act until such time as those standards apply to private companies. An emerging growth company can elect to use this extended transition period for complying with new or revised accounting standards that have different effective dates for public and private companies until the earlier of the date that it (i) is no longer an emerging growth company or (ii) affirmatively and irrevocably opts out of the extended transition period provided in the JOBS Act. Currently, the Company has elected to file as an emerging growth company defined under the JOBS Act, and as such, these financial statements may not be comparable to the financial statements of companies that comply with the new or revised accounting pronouncements as of public company effective dates. Recently Adopted Accounting Pronouncements There were no new accounting pronouncements adopted in the three and nine months ended September 30, 2021 and 2020 , respectively. Recently Issued Accounting Pronouncements In February 2016, the FASB issued Leases (Topic 842) (“ASU 2016-02”), whereby a lessee will be required to recognize for all leases at the commencement date a lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis; and a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Under the new guidance, lessor accounting is largely unchanged. A modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements must be applied. The modified retrospective approach would not require any transition accounting for leases that expired before the earliest comparative period presented. ASU 2016-02 is effective for the Company’s annual periods beginning after December 15, 2021, and interim periods within fiscal years beginning after December 15, 2022. The adoption of the new standard is expected to result in the recognition of additional lease liabilities and right-of-use assets as of January 1, 2022. The Company is evaluating the potential impact of this pronouncement. In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments – Credit Losses (“Topic 326”): Measurement of Credit Losses on Financial Instruments,” as modified by subsequently issued ASUs 2018-19 (issued November 2018), 2019-04 (issued April 2019), 2019-05 (issued May 2019), 2019-11 (issued November 2019), 2020-02 (issued February 2020) and 2020-03 (issued March 2020). Topic 326 modifies the measurement and recognition of credit losses for most financial assets and certain other instruments, requiring the use of forward-looking expected credit loss models based on historical experience, current economic conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount, which may result in earlier recognition of credit losses under the new standard. It also requires that credit losses related to available-for-sale debt securities be recorded as an allowance through net income rather than reducing the carrying amount under the current, other-than-temporary-impairment model. The standard requires a modified retrospective approach with a cumulative effect adjustment to retained earnings. ASU 2016-13 is effective for the Company’s annual periods beginning after December 15, 2022, including interim periods within those fiscal years. The Company has not yet evaluated the potential impact of this pronouncement. Reclassification of Prior Period Presentation Certain prior period amounts have been reclassified for consistency with the current year presentation. As a result, certain line items have been amended in the balance sheets, statements of operations, statements of cash flow, and the related notes to the financial statements. Subsequent Events Subsequent events are events or transactions that occur after the balance sheet date

Business Combination

Business Combination	9 Months Ended
	Sep. 30, 2021
Business Combinations [Abstract]
Business Combination	2. Business Combination On May 3, 2021 , the Company entered into a definitive agreement to purchase all of the outstanding membership interest units in Picky Bars, LLC (“Picky Bars”), innovators in the healthy snack industry focused on nutritionally balanced, real-food products to fuel performance, for a debt-free purchase price of $ 11,111,830 in cash, subject to customary working capital adjustments, and 53,133 shares of Company common stock, subject to certain vesting conditions. The transaction closed simultaneously with execution of the agreement. Picky Bars results of operations were included in the Company’s results beginning May 2021. Acquisition costs of Picky Bars in the amounts of $ 0 and $ 278,140 are included in professional and legal fees the Company’s statement of operations for the three and nine months ended September 30, 2021, respectively. The fair value of the shares of common stock issued as part of the consideration paid for Picky Bars was determined on the basis of the closing price of the Company’s common stock on the acquisition date. The following table summarizes the consideration paid for Picky Bars and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date: Consideration Cash $ 11,111,830 Equity instruments 1,834,857 Far value of total consideration transferred $ 12,946,687 Recognized amounts of identifiable assets acquired and liabilities assumed Cash $ 662,243 Accounts receivable 48,517 Prepaid expenses and other current assets 243,166 Inventory 726,006 Property, Plant, & Equipment 55,378 Intangible assets 4,930,000 Total assets acquired 6,665,310 Accounts payable 47,323 Accrued expenses 131,661 Payroll liabilities 9,189 Contract liabilities 16,450 Total liabilities assumed 204,623 Total identifiable net assets 6,460,687 Goodwill $ 6,486,000 The transaction is aligned with Laird Superfood’s strategic goals, specifically the addition of unique and innovative daily-use products across the Company’s omnichannel platform, and the acquisition of highly complementary assets such as a recurring direct-to-consumer customer base, and is expected to support continued net sales growth and improve the gross margin profile of the Company. Goodwill arising as a result of the acquisition of Picky Bars is primarily the result of synergies in business strategy, target market, and values, from expected cost savings from consolidating operations, and from the anticipated growth that the Company’s supply chain and resources will bring to Picky Bars’ operations. Operations have continued with Picky Bars’ previous management and workforce at the Oregon facilities. The Company continues to operate as one segment. Our estimates of fair value of intangible assets are based upon assumptions believed to be reasonable, yet are inherently uncertain and, as a result, may differ from actual performance. During the measurement period, not to exceed one year from the date of acquisition, we may record adjustments to the estimated fair values of the assets acquired and liabilities assumed with a corresponding adjustment to goodwill, as appropriate, in the period in which such revised estimates are identified. The following table summarizes the components of the intangible assets acquired and their estimated useful lives: Estimated Useful Fair Value Trade names 10 years $ 2,530,000 Customer relationships 10 years 1,990,000 Recipes 10 years 330,000 Social media agreements 3 years 80,000 Total intangible assets acquired $ 4,930,000 Picky Bar operations contributed net sales of $ 1,329,882 and $ 2,314,315 to the Company’s continuing operations for the three and nine months ended September 30, 2021 , respectively. Picky Bar operations contributed net income of $ 95,472 and $ 30,495 to the Company’s continuing operations for the three and nine months ended September 30, 2021, respectively. The following unaudited pro forma summary presents the results of the Company as if the acquisition of Picky Bars had occurred on January 1 of the year prior to the acquisition: Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Net Sales $ 10,865,914 $ 8,541,642 $ 29,191,720 $ 21,481,374 Net Loss $ ( 5,351,698 ) $ ( 4,191,245 ) $ ( 16,712,048 ) $ ( 10,389,402 ) This unaudited pro forma financial data is included only for the purpose of illustration and does not necessarily indicate what the operating results would have been if the acquisition had occurred on January 1 of the year prior to the acquisition. Moreover, this information is not indicative of what the Company’s future operating results will be. The information prior to the acquisition is included based on prior accounting records maintained by Picky Bars. The pro forma amounts have been calculated after applying the Company’s accounting policies and adjusting the results of Picky Bars to reflect the accrual of payroll related costs and depreciation. The unaudited pro forma financial information includes non-recurring adjustments to remove transaction costs directly attributable to the acquisition.

Prepaid Expenses and Other Curr

Prepaid Expenses and Other Current Assets, Net	9 Months Ended
	Sep. 30, 2021
Prepaid Expense and Other Assets, Current [Abstract]
Prepaid Expenses and Other Current Assets, Net	3. Prepaid Expenses and Other Current Assets, Net The following table presents the components of prepaid expenses and other current assets, net, as of: September 30, December 31, 2021 2020 Prepaid insurance $ 84,560 $ 1,446,189 Prepaid inventory 874,272 958,166 Prepaid subscriptions and license fees 379,822 225,567 Prepaid, other 206,465 152,323 Prepaid consulting — 13,963 Prepaid advertising 23,203 — Other current assets 378,422 51,111 Total prepaid and other assets 1,946,744 2,847,319 Reserve for prepaid inventory ( 179,000 ) — Prepaid and other assets, net $ 1,767,744 $ 2,847,319

Investment securities

Investment securities	9 Months Ended
	Sep. 30, 2021
Investments, Debt and Equity Securities [Abstract]
Investment securities	4. Investment securities Investment securities as of September 30, 2021 and December 31, 2020 consisted of the following: Gross unrealized Gross unrealized Estimated fair Amortized cost gains losses value September 30, 2021 Federal agency bonds – mortgage-backed $ 8,696,093 $ — $ ( 7,842 ) $ 8,688,251 Total investment securities available-for-sale $ 8,696,093 $ — $ ( 7,842 ) $ 8,688,251 December 31, 2020 Federal agency bonds – mortgage-backed $ 8,692,637 $ 14,207 $ — $ 8,706,844 Total investment securities available-for-sale $ 8,692,637 $ 14,207 $ — $ 8,706,844 The amortized cost and estimated fair value of investment securities as of September 30, 2021 and December 31, 2020, by contractual maturity, are shown below: Available-for-sale Amortized cost Estimated fair September 30, 2021 Due after one year through five years $ 8,696,093 $ 8,688,251 Total investment securities available-for-sale $ 8,696,093 $ 8,688,251 Available-for-sale Amortized cost Estimated fair December 31, 2020 Due after one year through five years $ 8,692,637 $ 8,706,844 Total investment securities available-for-sale $ 8,692,637 $ 8,706,844 Investment securities with an estimated fair value of $ 8,688,251 and $ 8,706,844 as of September 30, 2021 and December 31, 2020, respectively, were pledged to secure our revolving line of credit. See Note 6 for additional information. The Company recorded no sales or maturities of available-for-sale securities during the three and nine months ended September 30, 2021 . The Company had two investments mature totaling $ 4,475,000 during the three and nine months ended September 30, 2020 . The Company also recorded two sales and recognized a gain of $ 6,250 , and $ 13,927 during the three and nine months ended September 30, 2020 , respectively.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	5. Fair Value Measurements Factors used in determining the fair value of our assets and liabilities are summarized into three broad categories:  Level 1 – quoted prices in active markets for identical securities as of the reporting date;  Level 2 – other significant directly or indirectly observable inputs, including quoted prices for similar securities, interest rates, prepayment speeds and credit risk; and  Level 3 – significant inputs that are generally less observable than objective sources, including our own assumptions in determining fair value. The factors or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The following tables summarize assets subject to fair value measurements: Fair Value as of September 30, 2021 Level 1 Level 2 Level 3 Federal agency bonds—mortgage-backed $ — $ 8,688,251 $ — Fair Value as of December 31, 2020 Level 1 Level 2 Level 3 Federal agency bonds—mortgage-backed $ — $ 8,706,844 $ — The Company believes the carrying amounts of Cash and cash equivalents, Accounts receivable, Prepaid expenses and other current assets, Deposits, Other Assets, Accounts payable, Payroll liabilities and Accrued expenses are a reasonable approximation of the fair value of those financial instruments because of the nature of the underlying transactions and the short-term maturities involved. The Company believes that fair values of U.S. Agency Bonds issued by the Federal Home Loan Mortgage Corporation are determined using the spread above the risk-free yield curve. As the yields for the risk-free yield curve and the spreads for these securities are observable market inputs, the fair values of U.S. agency bonds are included in the Level 2 fair value hierarchy. As of December 31, 2020 , the Company classified fixed assets as held for sale which was included in Level 3 fair value.

Revolving Lines of Credit

Revolving Lines of Credit	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
Revolving Lines of Credit	6. Revolving Lines of Credit On September 2, 2021, the Company entered into a revolving line of credit with Wells Fargo Bank National Association ("Wells Fargo") in a principal amount not exceeding $ 9,500,000 . The line of credit has a maturity date of August 31, 2022 . The outstanding amounts under the line of credit have an interest rate calculated as Daily Simple Secured Overnight Financing Rate (“SOFR”) plus 1.5 % per annum until paid in full. As of September 30, 2021, the commitment was active but draws on the line were restricted as no assets has been transferred as collateral. The Company could have drawn on the line had assets been transferred. On February 5, 2019, the Company entered into a revolving line of credit with First Interstate Bank (“FIB”) in a principal amount not exceeding $ 5,000,000 . The line of credit is secured by the Company’s investment account held at FIB. The outstanding amounts under the line of credit have an interest rate calculated as LIBOR plus 2.0 % per annum until paid in full. The loan agreement was renewed by the Company on March 1, 2021 and was closed on September 23, 2021 . The balance on the line of credit was $ 0 as of December 31, 2020. Management was in compliance with all financial covenants as of December 31, 2020. On August 10, 2017, the Company entered into a revolving line of credit with East Asset Management, LLC (“East”) in a principal amount not exceeding the lesser of the borrowing base or $ 3,000,000 . Upon the mutual agreement of the Company and East, the primary revolving line of credit may be expanded to $ 10,000,000 , subject to an increase in the borrowing base. The borrowing base is comprised of (a) up to 90 % of eligible accounts receivable aged 90 days or less from due date utilizing the average of a trailing three months of actual book value, plus (b) up to 90 % of inventory and prepaid inventory book values utilizing the average of a trailing three months of actual book value. The outstanding amounts under the line of credit have a fixed interest rate of 15 % per annum until paid in full and the line of credit has a maturity date of August 10, 2022 . In the event of default, the interest rate would increase to 20 % while such default exists. The line of credit is secured by a security interest in accounts receivable and inventory. The balance on the line of credit was $ 0 as of both September 30, 2021 and December 31, 2020. Management was in compliance with all financial covenants as of September 30, 2021 and December 31, 2020. A secondary line of credit with East in an amount up to $ 200,000 is available to the Company, which is not subject to the requirements of the borrowing base. The secondary line of credit is secured by a security interest in the Company’s accounts receivable and inventory. The secondary line is available with the same draw and payback conditions as the primary line. The balance on the line of credit was $ 0 as of both September 30, 2021 and December 31, 2020. East was also granted a right of first refusal on any future equity offerings by the Company to purchase up to 20 % of equity in any such offerings at a 20 % price per share discount, excluding (a) shares representing, in the aggregate, not more than five percent of the Company’s issued and outstanding capital stock on a fully-diluted basis, issued to employees, consultants or directors pursuant to incentive plans; (b) shares issued for consideration other than cash pursuant to a merger, consolidation, strategic alliance, acquisition or similar business combination; (c) shares issued in connection with any distribution, dividend, conversion or recapitalization; (d) shares issued pursuant to any bona fide arms’ length equipment loan or leasing agreement, real property leasing agreement, or debt financing from a financial institution; (e) shares issued in connection with strategic transactions involving the Company and other entities, such as joint ventures, manufacturing, marketing or distribution agreements (provided that in the case of clauses (d) and (e), such issuance represents ten percent or more of the Company’s issued and outstanding capital stock on a fully-diluted basis); and (f) shares issued pursuant to a registration statement filed under the Securities Act of 1933, as amended, in connection with an initial public offering.

Long-term Debt

Long-term Debt	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
Long-term Debt	7. Long-term Debt The following table presents the components of long-term debt: September 30, December 31, 2021 2020 Forgivable loan, City of Sisters $ 51,000 $ 51,000 Long-term debt $ 51,000 $ 51,000 City of Sisters On May 30, 2017, the Company entered into a forgivable loan agreement with the City of Sisters in the amount of $ 51,000 . This forgivable loan was issued to help the Company expand its business operations in the city of Sisters, Oregon through eligible jobs. The Company had until May 30, 2020 to create jobs for 30 full-time employees with an average annual salary of $ 40,000 per person, and, once created and filled, the Company must maintain those jobs for an additional period of three years for the loan to be converted to a grant. If the requirements are not met, the Company is required to pay the loan in full, including interest of 8 percent per annum on the unpaid principal amount. The Company created the eligible jobs as of April 1, 2018.

Property and Equipment, Net

Property and Equipment, Net	9 Months Ended
	Sep. 30, 2021
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	8. Property and Equipment, Net Property and equipment, net is comprised of the following as of: September 30, December 31, 2021 2020 Factory equipment $ 3,113,159 $ 2,668,839 Land 947,394 947,394 Furniture and office equipment 584,354 532,116 Leasehold improvements 509,450 259,504 Construction in progress 305,112 — 5,459,469 4,407,853 Accumulated depreciation ( 1,320,270 ) ( 894,365 ) Property and equipment, net $ 4,139,199 $ 3,513,488 Depreciation expense was $ 152,139 and $ 454,400 for the three and nine months ended September 30, 2021 , respectively. Depreciation expense was $ 114,878 and $ 344,162 for the three and nine months ended September 30, 2020 , respectively.

Goodwill and Intangible Assets,

Goodwill and Intangible Assets, Net	9 Months Ended
	Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets, Net	9. Goodwill and Intangible Assets, Net Goodwill Goodwill represents the excess of purchase price over the assigned fair values of the assets acquired and liabilities assumed in connection with the acquisition of Picky Bars. The carrying amount of goodwill attributed to the acquisition of Picky Bars was $ 6,486,000 and $ 0 as of September 30, 2021 and December 31, 2020, respectively. Goodwill is reviewed for impairment annually at December 31. In testing goodwill for impairment, the Company has the option to perform a qualitative assessment to determine whether the existence of events or circumstances indicate that it is more likely than not (more than 50 %) that the fair value of a reporting unit is less than its carrying amount. When performing a qualitative assessment, the Company evaluates factors such as industry and market conditions, cost factors, overall financial performance, and other relevant entity specific events and changes. If the qualitative assessment indicates that it is more likely than not that the fair value of the reporting unit is less than its carrying amount, or if the Company chooses not to perform the qualitative assessment, then a quantitative assessment is performed to determine the reporting unit’s fair value. If the reporting unit’s carrying value exceeds its fair value, then an impairment loss is recognized for the amount of the excess of the carrying amount over the reporting unit’s fair value, not to exceed the total amount of goodwill allocated to the reporting unit. In addition to the annual impairment test, the Company is required to regularly assess whether a triggering event has occurred which would require interim impairment testing. The Company considered the current and expected future economic and market conditions and their impact on the Company, as well as the current market capitalization forecasts. The Company determined that a triggering event has not occurred which would require an interim impairment test to be performed. Intangible Assets, Net Intangible Assets, net is comprised of the following: September 30, December 31, 2021 2020 Trade names ( 10 years) $ 2,530,000 $ — Customer relationships ( 10 years) 1,990,000 — Recipes ( 10 years) 330,000 — Social media agreements ( 3 years) 80,000 — Software ( 3 - 15 years) 173,353 31,807 Amortizable intangible assets 5,103,353 31,807 Accumulated amortization ( 270,393 ) ( 26,815 ) Amortizable intangible assets, net 4,832,960 4,992 Licensing agreements (indefinite) 132,100 132,100 Total Intangible assets, net $ 4,965,060 $ 137,092 The weighted-average useful life of all the Company’s intangible assets is 9.3 years. For the three and nine months ended September 30, 2021 , amortization expense was $ 139,775 and $ 243,578 , respectively. For the three and nine months ended September 30, 2020 , amortization expense was $ 2,552 and $ 7,599 , respectively. Intangible assets are amortized using the straight-line method over estimated useful lives ranging from three to fifteen years . The estimated amortization expense for each of the next five years and thereafter is as follows: 2021 $ 140,441 2022 560,205 2023 558,968 2024 503,697 2025 485,120 Thereafter 2,584,529 $ 4,832,960

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	10. Commitments and Contingencies The Company currently leases its warehouse space under a commercial lease with RII Lundgren Mill, LLC, dated March 1, 2018. The lease commenced March 1, 2018 with monthly payments of $ 6,475 , to escalate after 24 months by the lesser of 3 % or the Consumer Price Index (“CPI”) adjustment. The initial lease term is ten years, and the Company has the option to renew the lease for two additional five-year periods. The landlord has paid for many tenant improvements and the Company has committed to reimbursing the landlord, in additional rents, for specific improvements. On November 20, 2018, the Company completed the reimbursement of $ 797,471 . The Company also issued the landlord 2,000 stock options on April 15, 2018 with a strike price of $ 7.50 per share in conjunction with this lease agreement. The Company executed a second lease for additional warehouse and office space under a commercial lease with RII Lundgren Mill, LLC, dated December 17, 2018. The lease commenced on July 1, 2019 with monthly payments of $ 12,784 , to escalate after 24 months by the lesser of 3 % or the CPI adjustment. The initial lease term is ten years, and the Company has the option to renew the lease for two additional five-year periods. The landlord has paid for many tenant improvements and the Company has committed to reimbursing the landlord, in additional rents, for specific improvements. On December 20, 2018, the Company completed the initial reimbursement of $ 1,202,529 . The Company made the final reimbursement in the amount of $ 1,399,001 on December 31, 2019. On May 26, 2019, the Company executed and commenced an agricultural license agreement for the lease of agricultural land in Hanalei, Hawaii with PRW Princeville Development Company LLC (the “Hanalei Agricultural License”). Total monthly payments were the greater of $ 1,000 or eight percent of total monthly gross sales of the business done and/or generated on, in, into or from the premises. The initial lease term was five years, with one option to extend the term by five years. The agreement was subsequently amended on September 19, 2019 to include a termination clause if the storefront and property in the Hanalei, Hawaii Lease, discussed below, is not executed. The amendment also expanded the permitted access to include access through other property to the public roadway. On November 3, 2020, the Company and PRW Princeville Development Company LLC entered a termination and release agreement, terminating the Hanalei Agricultural License effective as of October 30, 2020. On May 26, 2019, the Company executed a license agreement with PRW Princeville Development Company LLC for storefront and property in Hanalei, Hawaii (the “Hanalei Retail License”). Initially, total monthly payments were the greater of $ 1,000 or eight percent of total monthly gross sales of the business done and/or generated on, in, into or from the property. The initial lease term was five years, with one option to extend the term by five years. The agreement commenced upon receipt of applicable permits. The agreement was subsequently amended on September 19, 2019 to extend the initial permitting period from January 1, 2020 to July 1, 2020, and the payment terms to include the monthly minimum lease payment due the first of the month, with a reconciliation to gross sales in the subsequent month. The agreement was subsequently amended on July 23, 2020 to extend the initial permitting period from July 1, 2020 to April 15, 2021. On November 3, 2020, the Company and PRW Princeville Development Company LLC entered a termination and release agreement, terminating the Hanalei Retail License effective as of October 30, 2020. On January 1, 2021, the Company entered into a lease agreement with PX2, LLC (“PX2”) for warehousing, distribution, and related industrial purposes. Under this agreement, the cost of rent which the Company will pay to PX2 is solely the reimbursement of utilities relating to the Company’s use (i.e., electric, janitorial, insurance, and other bills, which are estimated to be de minimis and not greater than $ 1,000 per month). This lease expires on December 31, 2021 . On September 2, 2021, the Company entered into a revolving line of credit with Wells Fargo Bank National Association ("Wells Fargo") in a principal amount not exceeding $ 9,500,000 . The line of credit has a maturity date of August 31, 2022 . The outstanding amounts under the line of credit have an interest rate calculated as Daily Simple SOFR plus 1.5 % per annum until paid in full. As of September 30, 2021, the commitment was active but draws on the line were restricted as no assets has been transferred as collateral. The Company could have drawn on the line had assets been transferred. The following table sets forth the amounts of our significant contractual obligations and commitments with definitive payment terms as of September 30, 2021: Payments Due by Period Operating Leases (1) Note Payable Total 2021 $ 59,711 $ 51,000 $ 110,711 2022 243,236 — 243,236 2023 250,534 — 250,534 2024 258,049 — 258,049 2025 265,791 — 265,791 Thereafter 860,498 — 860,498 $ 1,937,820 $ 51,000 $ 1,988,820 (1) Operating lease obligations related to our manufacturing facility leases dated March 1, 2018 and December 17, 2018. Rent expense is allocated to general and administrative expenses and cost of goods sold upon the sale of inventory. Rent expense was $ 285,096 and $ 816,051 for the three and nine months ended September 30, 2021 , respectively. Rent expense was $ 213,532 and $ 589,196 for the three and nine months ended September 30, 2020 , respectively.

Deferred Tax Assets and Liabili

Deferred Tax Assets and Liabilities	9 Months Ended
	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Deferred Tax Assets and Liabilities	11. Deferred Tax Assets and Liabilities The Company had a tax net loss for the three and nine months ended September 30, 2021 and 2020, and therefore expects no assessment of income taxes for such periods. Additionally, the net deferred tax assets are fully allowed for as of September 30, 2021 and December 31, 2020. Due to the full valuation allowance during 2020 and as of September 30, 2021 there was no provision for, or benefit from, income taxes reported for the three and nine months ended September 30, 2021 and 2020 . The Company’s deferred tax assets and liabilities consisted of the following as of September 30, 2021 and December 31, 2020: September 30, December 31, 2021 2020 Noncurrent deferred tax assets: Net operating loss carryforwards $ 12,472,767 $ 7,444,857 Property and equipment 594,910 671,562 Research and development credits 135,783 106,526 Accrued expenses 70,024 75,702 Charitable contributions 37,284 — Unexercised options 47,681 — Total noncurrent deferred tax assets 13,358,449 8,298,647 Noncurrent deferred tax liabilities: Deferred rent asset $ 662,495 $ 735,537 Intangible assets 86,495 — Total noncurrent deferred tax liabilities 748,990 735,537 Net noncurrent deferred tax assets $ 12,609,459 $ 7,563,110 Valuation allowance ( 12,695,954 ) ( 7,563,110 ) Total net noncurrent deferred tax liabilities $ ( 86,495 ) $ — The Company assesses its deferred tax assets and liabilities to determine if it is more likely than not they will be realized; if not, a valuation allowance is required to be recorded. During the nine months ended September 30, 2021, th e Company recorded a deferred tax liability of $ 86,495 to account for the book versus tax basis difference related to the goodwill intangible asset acquired in the Picky Bars acquisition, also known as a “naked credit.” The deferred tax liability must be excluded from sources of future taxable income, as the timing of its reversal cannot be predicted due to the indefinite life of the goodwill. As such, this deferred tax liability cannot be used to reduce the valuation allowance for U.S. federal income tax purposes. Apart from the $ 86,495 deferred tax expense mentioned above, as of September 30, 2021, the Company did not provide a current or deferred U.S. federal or state income tax provision or benefit for any of the periods presented because the Company has reported cumulative losses since inception. Management has determined that it was not more likely than not that the deferred tax assets would be realized, thus a full valuation allowance was recorded. The Company may reduce the valuation allowance against deferred tax assets at such time when it becomes more likely than not that the deferred tax assets will be realized. The change in the valuation allowance for deferred tax assets and liabilities for the three and nine months ended September 30, 2021 was a net increase of $ 1,457,012 and $ 5,132,844 , respectively. At September 30, 2021 and December 31, 2020 , the Company had U.S. federal net operating losses (“NOLs”) totaling approximately $ 43,350,868 and $ 27,528,486 , respectively. The Company had federal NOLs at September 30, 2021 totaling approximately $ 1,868,077 from 2017 and prior years that can be carried forward for 20 years , which begin to expire in 2036. At September 30, 2021 and December 31, 2020 , the Company had federal NOLs totaling approximately $ 41,482,791 and $ 25,660,409 , respectively from 2018 and future years that can be carried forward indefinitely . GAAP requires management to evaluate and report i nformation regarding its exposure to various tax positions taken by the Company. The Company has determined whether there are any tax positions that have met the recognition threshold and has measured the Company’s exposure to those tax positions. Management believes that the Company has adequately addressed all relevant tax positions and that there are no unrecorded tax liabilities. The Company files income tax returns in the U.S. federal jurisdiction and various state jurisdictions. U.S. and state jurisdictions have statutes of limitations that generally range from 3 to 5 years.

Stock Incentive Plan

Stock Incentive Plan	9 Months Ended
	Sep. 30, 2021
Share-based Payment Arrangement [Abstract]
Stock Incentive Plan	12. Stock Incentive Plan The Company adopted an incentive plan (the “2020 Omnibus Incentive Plan”) on September 22, 2020, to provide for the grant of stock options, stock appreciation rights, restricted stock, restricted stock units, deferred stock units, unrestricted stock, dividend equivalent rights, performance shares and other performance-based awards, other equity-based awards and cash bonus awards to Company employees, employees of the Company’s affiliates, non-employee directors and certain consultants and advisors. The Company is authorized to award 1,355,715 shares under the 2020 Omnibus Incentive Plan. Previously, the Company had adopted its 2018 Equity Incentive Plan and 2016 Stock Incentive Plan (together with the 2020 Omnibus Incentive Plan, the “Stock Incentive Plans”), under which the Company had issued stock options and restricted stock units. Following the effective date of the 2020 Omnibus Incentive Plan, no additional awards may be made under the 2018 Equity Incentive Plan or 2016 Stock Incentive Plan. The Stock Incentive Plans were established to provide eligible individuals with an incentive to contribute to the Company’s success and to operate and manage the Company’s business in a manner that will provide for its long-term growth and profitability and that will benefit the Company’s shareholders and other stakeholders, including employees and customers. The Stock Incentive Plans are also intended to provide a means of recruiting, rewarding, and retaining key personnel. The Stock Incentive Plans prescribe various terms and conditions for the award of options and the total number of shares authorized for this purpose. For options, the strike price is equal to the fair market value of the Company’s stock price at the date of grant. Generally, options become exercisable based on years of service and vesting schedules, and expire after (i) a period of ten years from the date of grant, (ii) three months following the date of termination of employment from the Company, (iii) one year following the date of termination from the Company by reason of death or disability, (iv) the date of termination of employment for cause, or (v) the fifth anniversary of the date of the grant if it is held by a 10 percent or greater stockholder. The following tables summarize the Company’s stock option activity during the nine months ended September 30, 2021 and 2020: September 30, 2021 Options Weighted Average Weighted Average Aggregate Balance at January 1, 2021 887,640 $ 9.65 6.42 $ 33,433,274 Granted 56,541 41.03 Exercised/released ( 61,119 ) 8.21 Cancelled/forfeited ( 82,833 ) 15.79 Balance at September 30, 2021 800,229 $ 11.41 6.83 $ 6,135,017 Exercisable at September 30, 2021 580,601 $ 7.92 6.27 $ 11,077,867 September 30, 2020 Options Weighted Average Weighted Average Aggregate Balance at January 1, 2020 788,528 $ 8.42 7.17 $ 4,799,381 Granted 164,078 14.12 Exercised/released ( 11,314 ) 10.59 Cancelled/forfeited ( 45,532 ) 11.37 Balance at September 30, 2020 895,760 $ 8.94 6.99 $ 34,313,763 Exercisable at September 30, 2020 508,382 $ 6.82 5.44 $ 19,851,163 The stock-based compensation expense is recognized ratably over the requisite service period for all awards. As a result of applying the provisions of ASC 718, “Compensation- Stock Compensation” (“ASC 718”), the Company recognized stock compensation expense of $ 1,042,440 and $ 3,142,517 for the three and nine months ended September 30, 2021 , respectively. The Company recognized stock compensation expense of $ 833,199 and $ 1,235,293 for the three and nine months ended September 30, 2020, respectively. During the three and nine months ended September 30, 2021 , the Company granted 1,658 and 56,541 stock option units, respectively, to employees. As a result of applying the provisions of ASC 718 to these issuances, the Company recorded stock-based compensation expense of $ 191,889 and $ 654,929 , respectively. The Company recorded stock-based compensation of $ 337,822 and $ 677,485 , in the three and nine months ended September 30, 2020, respectively. As of September 30, 2021 and December 31, 2020 , there was $ 1,647,860 and $ 1,990,834 , respectively, of total unrecognized compensation cost related to non-vested stock option share-based compensation arrangements with a remaining weighted-average vesting period of 2.21 years. During the three and nine months ended September 30, 2021 , there were $ 1 and $ 219,157 , respectively, of payroll taxes withheld from stock-based compensation which were remitted directly to the tax authorities on the behalf of the recipients of the awards. There were no payroll taxes withheld from stock-based compensation for remittance directly to the tax authorities on the behalf of the recipients of the awards during the three and nine months ended September 30, 2020. During the three and nine months ended September 30, 2021 , the Company granted 42,662 and 88,407 restricted stock units, respectively, to 147 employees. As a result of applying the provisions of ASC 718 to these issuances, the Company recorded stock-based compensation expense of $ 438,542 and $ 1,166,871 in the three and nine months ended September 30, 2021, respectively. As of September 30, 2021 and December 31, 2020 , there was $ 2,672,840 and $ 1,613,520 , respectively, of total unrecognized compensation cost related to non-vested restricted stock units with a remaining weighted-average vesting period of 2.22 years. During the three and nine months ended September 30, 2021 , the Company granted 0 and 189,608 market-based stock units (“MSUs”), respectively, to eight employees based on the agreed upon amounts in the market-based restricted stock unit agreements. As a result of applying the provisions of ASC 718 to these issuances, the Company recorded stock-based compensation expense of $ 399,490 and $ 1,293,055 for the three and nine months ended September 30, 2021 , respectively. These MSUs vest upon the 30 -day weighted average stock price reaching or exceeding established targets, after reaching certain time targets. As of September 30, 2021 and December 31, 2020 , there was $ 2,391,226 and $ 0 , respectively, of total unrecognized compensation cost related to non-vested MSUs with a remaining weighted-average vesting period of 2.34 years. We estimate the grant-date fair value of the MSUs using a Monte Carlo simulation which requires assumptions for expected volatility, risk-free rate of return and dividend yield. Expected volatilities within the index are derived using historical volatilities of a selected peer group over a period equal to the length of the performance period. We base the risk-free rate of return on the yield of a zero-coupon U.S. Treasury bond with a maturity equal to the performance period and assume a 0 % dividend rate. Compensation expense for these MSUs is recognized over the requisite service period regardless of whether the market conditions are satisfied. On May 1, 2021, the Company enacted an enrollment period under its Employee Stock Purchase Plan (“ESPP”) which allows employees of the Company to purchase common stock of the Company through accumulated payroll deductions. Offerings under this plan have a duration of six months. On the exercise date, the participant may acquire shares at the lower of 85 % of the market value of a share of our common stock on the enrollment date or the exercise date. Participants may terminate their interest in a given offering or a given exercise period by withdrawing all of their accumulated payroll deductions at any time prior to the end of the offering period. The fair value of the estimated number of shares to be issued under each offering is determined using a component valuation model. We estimate that 5,079 shares of common stock will be issued in accordance with the plan to those enrollees in the May 1, 2021 enrollment period. As a result of applying the provisions of ASC 718 to these issuances, the Company recorded stock-based compensation expense of $ 12,519 and $ 27,662 for the three and nine months ended September 30, 2021, respectively. ASC 718 requires the use of the fair-value-based method for measuring the value of stock-based compensation. The Company estimates the fair value of each stock option award on the date of grant using a Black-Scholes option-pricing model, the MSUs on the grant date using a Monte Carlo simulation, and each restricted stock unit is estimated using the fair value of the Company’s stock on the date of grant. The estimated fair value of each grant of stock options awarded during the three and nine months ended September 30, 2021 and 2020 was determined using the following assumptions:  Expected Term. Due to the lack of a public market for the trading of shares of the Company’s common stock prior to the Company’s IPO that closed on September 25, 2020, and the lack of sufficient Company-specific historical data, the expected term of employee stock options is determined using the “simplified” method, as prescribed in SEC Staff Accounting Bulletin (“SAB”) No. 107 (“SAB 107”), whereby the expected life equals the arithmetic average of the vesting term and the original contractual term of the option.  Risk-free Interest Rate. The risk-free interest rate is based on the interest rate payable on the United States Treasury yield curve in effect at the time of grant for a period that is commensurate with the assumed expected term.  Dividend Yield. The dividend yield is 0% because the Company has never paid, and for the foreseeable future does not expect to pay, dividends on its shares of common stock.  Expected Volatility . The expected volatility is based on the volatility of the historical stock prices of identified peer companies. The inputs and assumptions used to estimate the fair value of share-based payment awards represent management’s best estimates and involve inherent uncertainties and the application of management’s judgment. As a result, if factors change and management uses different inputs and assumptions, the Company’s share-based compensation expense could be materially different for future awards. For the nine months ended September 30, 2021 and 2020, the grant-date fair value of stock options was estimated at the time of grant using the following weighted-average inputs and assumptions in the Black-Scholes option pricing model: For the Nine Months Ended 2021 2020 Weighted-average expected volatility 52.12 % 70.18 % Weighted-average expected term (years) 6.23 6.23 Weighted-average expected risk-free interest rate 0.72 % 0.70 % Dividend yield 0.00 % 0.00 % Weighted-average fair value of options granted $ 20.78 $ 17.22

Preferred Stock

Preferred Stock	9 Months Ended
	Sep. 30, 2021
Preferred Stock Disclosure [Abstract]
Preferred Stock	13. Pref erred Stock On September 25, 2020, the Company completed its IPO in which the Company issued and sold 3,047,500 shares of its common stock at a public offering price of $ 22 per share. Upon the closing of the IPO, all outstanding shares of the Company’s preferred stock converted into shares of common stock, consisting of (i) 162,340 outstanding shares of Series A-1 convertible preferred stock converting into 324,680 aggregate shares of common stock, (ii) 152,253 outstanding shares of Series A-2 convertible preferred stock converting into 304,506 aggregate shares of common stock, and (iii) 383,142 outstanding shares of Series B-1convertible preferred stock converting into 766,284 aggregate shares of common stock. As of September 30, 2021 and December 31, 2020 , the Company is authorized to issue 5,000,000 shares of preferred stock, par value $ 0.001 per share, and there were no shares of preferred stock issued or outstanding. Series A-1 and A-2 Preferred Stock Effective November 19, 2018, the Company executed a capital transaction of $ 25,000,000 with a private investor, with $ 15,000,000 funded at the closing date and an additional $ 10,000,000 to be funded one year following the execution. The additional tranche was determined to be embedded in the initial agreement and not subject to bifurcation accounting. The investing entity received Series A-1 preferred stock, carrying certain standard protective provisions. In conjunction with this equity infusion, in November and December 2018, the Company further sold to existing stockholders an additional $ 7,000,000 of shares of Series A-1 and A-2 preferred stock. All shares of Series A-1 and A-2 preferred stock issued were convertible into common stock at any time at the option of the holder, or mandatorily convertible into common stock upon the event of an initial public offering. The Series A-1 and A-2 preferred stock were redeemable upon the occurrence of a deemed liquidation event. The Company determined that this redemption feature requires classification of both Series A-1 and A-2 preferred stock as mezzanine equity in our balance sheet as of December 31, 2019. Shares of Series A-2 preferred stock were issued at a 20 % discount, based on preexisting terms in a line of credit agreement with East. As a result, the $ 673,133 was recorded as a reduction to additional paid-in-capital in 2018 and was considered a deemed dividend increasing the net loss attributable to common stockholders. On November 18, 2019, the Company negotiated the repurchase of 609,013 shares of Series A-1 preferred stock from a private investor for $ 7,500,000 , or $ 12.32 per share, and the termination of the private investor’s commitment to fund an additional $ 10,000,000 in November 2019. At the time of repurchase, the carrying value of the shares of Series A-1 preferred stock outstanding on the balance sheet was $ 14,999,901 , or a value of $ 24.63 per share. The favorable rate at which the shares were able to be negotiated resulted in a deemed contribution of $ 7,448,879 which was included in net loss available to common stockholders. Series B-1 and B-2 Preferred Stock Effective April 13, 2020, the Company completed a private placement to DMV for 383,142 shares of its Series B-1 Preferred Stock for total proceeds of $ 10,000,006 , or $ 26.10 per share. The shares of Series B-1 Preferred Stock issued were convertible into common stock at any time at the option of the holder, or mandatorily convertible into common stock upon the event of an initial public offering. The Series B-1 Preferred Stock were redeemable upon the occurrence of a deemed liquidation event. The Company determined that this redemption feature required classification of the Series B-1 Preferred Stock as mezzanine equity in our balance sheet. In connection with the closing of the private placement of Series B-1 Preferred Stock on April 13, 2020, the Company entered into a Stockholder Agreement with DMV, under which the Company granted DMV (i) the right to purchase a specified percentage of the Company’s common stock in the event of an initial public offering of the Company’s common stock or in a concurrent private placement (the “Participation Right”), (ii) the right to designate one member to Laird Superfood’s board of directors, and (iii) the right to designate a representative as an observer to Laird Superfood’s board of directors, in each case for so long as DMV and its affiliates hold more than five percent of the shares of the Company’s outstanding common stock. The Participation Right terminated upon the IPO. On August 28, 2020, DMV waived its right to designate a member of the board of directors for election, contingent upon the IPO closing on or before December 31, 2020, but DMV’s right to designate an observer of the board of directors will continue for so long as DMV holds more than five percent of the outstanding common stock of the Company. The Company also issued a warrant to purchase common stock to DMV on April 13, 2020, which provided that if DMV exercised the Participation Right for $ 10,000,000 of shares of the Company’s common stock, DMV would have been entitled to purchase at the time of the closing of the offering, for $ 0.005 per share, a number of shares of the Company’s common stock equal to ten percent of the shares then held by DMV and its affiliates (including shares issuable upon conversion of the Series B-1 Preferred Stock), but excluding the amounts purchased by DMV or its affiliates in the offering or otherwise. In accordance with ASC 480, the Company recorded the Series B-1 Preferred Stock issued with detachable warrant by allocating the proceeds to the instruments based on their relative fair values. Utilizing the Black-Scholes option pricing model, the Company calculated the fair value of the warrant on April 13, 2020 to be approximately $ 899,617 . The fair value of the warrant was computed assuming a risk-free interest rate of 0.17 %, no dividends, expected volatility of approximately 65 %, which was calculated based on a combination of historical volatility and the history of comparable peer companies, and an expected warrant life of approximately 0.75 years. As a result, the relative fair value for the warrant of $ 825,366 was recorded as an increase to additional paid-in-capital and a preferred stock discount. The discount was initially amortized as a deemed discount over approximately 11.5 months, which is estimated based on the expected timing of a warrant exercisability trigger and the customary lock-up agreement of six months once exercised. DMV purchased $ 2,000,020 of our common stock in a private placement immediately subsequent to the consummation of the IPO, which did not meet the participation minimum to exercise the warrant, rendering the warrant null.

Earnings per Share

Earnings per Share	9 Months Ended
	Sep. 30, 2021
Earnings Per Share [Abstract]
Earnings per Share	14. Earnings per Share Basic earnings (loss) per share is determined by dividing net loss attributable to Laird Superfood, Inc. common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings (loss) per share is similarly determined, except that the denominator is increased to include the number of additional common and preferred shares that would have been outstanding if all dilutive potential common and preferred shares had been issued. Dilutive potential common and preferred shares consist of employee stock options and restricted stock units. The dilutive effect of employee stock options, restricted stock units, and convertible preferred stock issued by the Company and are calculated using the treasury stock method. Basic earnings per share is reconciled to diluted earnings per share in the following table: Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Net loss $ ( 5,351,698 ) $ ( 3,355,084 ) $ ( 16,984,461 ) $ ( 8,356,704 ) Less deemed dividend of beneficial conversion feature — — — ( 825,366 ) Less deemed dividend on warrant discount — ( 645,939 ) — ( 825,366 ) Net loss attributable to Laird Superfood, Inc. common stockholders $ ( 5,351,698 ) $ ( 4,001,023 ) $ ( 16,984,461 ) $ ( 10,007,436 ) Weighted average shares outstanding- basic 9,001,912 4,672,041 8,954,875 4,427,114 Dilutive securities — — — — Weighted average shares outstanding- diluted 9,001,912 4,672,041 8,954,875 4,427,114 Common stock options and restricted stock awards excluded due to anti-dilutive effect 907,085 883,260 907,085 883,260 Basic and diluted: Net loss per share (basic) $ ( 0.59 ) $ ( 0.86 ) $ ( 1.90 ) $ ( 2.26 ) Net loss per share (diluted) $ ( 0.59 ) $ ( 0.86 ) $ ( 1.90 ) $ ( 2.26 )

Concentrations

Concentrations	9 Months Ended
	Sep. 30, 2021
Risks and Uncertainties [Abstract]
Concentrations	15. C oncentrations The Company had 53 % of trade accounts receivable from three customers as of September 30, 2021 . The Company had 70 % of trade accounts receivable from three customers as of December 31, 2020. The Company had 45 % of accounts payable due to one vendor as of September 30, 2021 . The Company had 43 % of accounts payable due to four vendors as of December 31, 2020. The Company sold a substantial portion of products to one customer ( 19 %) for the three months ended September 30, 2021. As of September 30, 2021 , the amount due from this customer was $ 285,342 . The Company sold a substantial portion of products to three customers ( 46 %) for the three months ended September 30, 2020. As of September 30, 2020 , the amount due from these customers included in accounts receivable was $ 500,769 . The Company sold a substantial portion of products to one customer ( 28 %) and one customer ( 25 %) for the nine months ended September 30, 2021 and 2020. The Company purchased a substantial portion of products from one supplier ( 41 %) and one supplier ( 47 %) for the three and nine months ended September 30, 2021 , respectively. The Company purchased a substantial portion of products from three suppliers ( 60 %) and one supplier ( 38 %) for the three and nine months ended September 30, 2020, respectively. In addition, our top suppliers are in a similar geographic area, which increases the risk of significant supply disruptions from local and regional events. Indonesia, Sri Lanka, and Vietnam geographically accounted for approximately 67 % and 64 % of our total raw materials and packaging purchases for the three and nine months ended September 30, 2021 . Vietnam, Indonesia, and Sri Lanka geographically accounted for approximately 63 % and 59 % of our total raw materials and packaging purchases in the three and nine months ended September 30, 2020 , respectively.

Related Party

Related Party	9 Months Ended
	Sep. 30, 2021
Related Party Transactions [Abstract]
Related Party	16. Related Party FASB ASC Topic 850, Related Party Disclosures, requires that information about transactions with related parties that would make a difference in decision making shall be disclosed so that users of the financial statements can evaluate their significance. The Company conducts business with suppliers and service providers who are also stockholders of the Company. From time to time, service providers are offered shares of common stock as compensation for their services. Shares provided as compensation are calculated based on the fair value of the service provided and the most recent equity offering price (or market price post-IPO) per share. Additional material related party transactions are noted below. License Agreements On May 26, 2020, the Company executed a License and Preservation Agreement which superseded the predecessor license and preservation agreement with both Mr. Hamilton and Ms. Reece. Among other modifications, the agreement (i) modified certain approval rights, (ii) modified certain assignment, change of control and indemnification provisions, and (iii) granted the Company the right to extend the term of the agreement for additional ten-year terms upon the expiration of the initial one-hundred-year term. No additional consideration was exchanged in connection with the agreement. See additional discussion related to the 2020 License in Note 1 of the financial statements. Concurrent Private Placement DMV purchased 90,910 shares of our common stock in a private placement immediately subsequent to the consummation of the IPO for a total purchase price of $ 2,000,020 , at a price per share of $ 22 . Additionally, DMV provided the Company $ 298,103 in funds for the purpose of supporting three COVID-19 relief projects. See Note 1 of the financial statements for additional discussion. No-Charge Storage Lease On January 1, 2021, the Company entered into a lease agreement with PX2, LLC (“PX2”) for warehousing, distribution, and related industrial purposes. Under this agreement, the cost of rent which the Company will pay to PX2 is solely the reimbursement of utilities relating to the Company’s use (i.e., electric, janitorial, insurance, and other bills, which are estimated to be de minimis). Paul Hodge, CEO, President, and Director of the Company is a member of PX2. This contract is expressly intended to provide no individual benefit to such individual, with the Company only responsible for incremental costs due to the Company’s use of the property, otherwise the property is utilized without obligation to the Company, as a gratis convenience by PX2. This lease expires on December 31, 2021. Social Media Marketing Agreements The Company entered into a social media marketing agreement with Lauren Thomas and Stephanie Bruce to provide certain marketing services on an annual basis, for $ 40,000 each per annum. Asset Purchase Agreement The Company entered into an agreement to purchase a used air compressor from Px2, an entity owned by Paul Hodge, in the amount of $ 1,000 .

Revenue Recognition

Revenue Recognition	9 Months Ended
	Sep. 30, 2021
Revenue from Contract with Customer [Abstract]
Revenue Recognition	17. Revenue Recognition The Company’s primary source of revenue is sales of coffee creamers, hydration and beverage enhancing supplements, harvest snacks and other food items, and coffee, tea and hot chocolate products. The Company recognizes revenue when control of the promised good or service is transferred to the customer and in amounts that the Company expects to collect. The timing of revenue recognition takes into consideration the various shipping terms applicable to the Company’s sales. Each delivery or shipment made to a third-party customer is considered to satisfy a performance obligation. Performance obligations generally occur at a point in time and are satisfied when control of the goods passes to the customer. The Company is entitled to collection of the sales price under normal credit terms. Additionally, the Company estimates the impact of certain common practices employed by us and other manufacturers of consumer products, such as scan-based trading, product rebate and other pricing allowances, product returns, trade promotions, sales broker commissions and slotting fees. These estimates are recorded at the end of each reporting period. In accordance with ASC Topic 606, the Company disaggregates net sales from contracts with customers based on the characteristics of the products sold: Three Months Ended September 30, 2021 2020 $ % of Total $ % of Total Coffee creamers $ 6,489,895 60 % $ 5,261,175 70 % Hydration and beverage enhancing supplements 1,330,906 12 % 1,037,517 14 % Coffee, tea, and hot chocolate products 1,724,919 16 % 2,153,702 29 % Harvest snacks and other food items 1,866,709 17 % — 0 % Other 452,002 4 % 159,906 2 % Gross sales 11,864,431 109 % 8,612,300 115 % Shipping income 195,085 2 % 25,737 0 % Returns and discounts ( 1,193,602 ) ( 11 %) ( 1,147,395 ) ( 15 %) Sales, net $ 10,865,914 100 % $ 7,490,642 100 % Nine Months Ended September 30, 2021 2020 $ % of Total $ % of Total Coffee creamers $ 16,590,542 60 % $ 13,285,967 72 % Hydration and beverage enhancing supplements 3,907,111 14 % 2,877,694 16 % Coffee, tea, and hot chocolate products 5,286,882 19 % 4,116,891 22 % Harvest snacks and other food items 3,353,178 12 % — 0 % Other 987,076 4 % 378,318 2 % Gross sales 30,124,789 110 % 20,658,870 112 % Shipping income 261,495 1 % 221,082 1 % Returns and discounts ( 2,942,890 ) ( 11 %) ( 2,381,455 ) ( 13 %) Sales, net $ 27,443,394 100 % $ 18,498,497 100 % The Company generates revenue through three channels: online, wholesale, and food service: Three Months Ended September 30, 2021 2020 $ % of Total $ % of Total Online $ 6,331,003 58 % $ 3,713,773 50 % Wholesale 4,415,867 41 % 3,650,854 49 % Food service 119,044 1 % 126,015 1 % Sales, net $ 10,865,914 100 % $ 7,490,642 100 % Nine Months Ended September 30, 2021 2020 $ % of Total $ % of Total Online $ 16,492,513 60 % $ 10,049,039 54 % Wholesale 10,529,593 38 % 8,117,655 44 % Food service 421,288 2 % 331,803 2 % Sales, net $ 27,443,394 100 % $ 18,498,497 100 % Contract assets (deferred costs of goods sold associated with deferred revenue), contract liabilities (deferred revenue, customer deposits, rewards programs), and refund liabilities (accrued returns) have been estimated and recorded as of September 30, 2021 . Contract assets included in finished goods inventories were $ 1,410 and $ 0 as of September 30, 2021 and December 31, 2020 , respectively. Contract liabilities and refund liabilities included in accrued expenses were $ 224,858 and $ 33,239 as of September 30, 2021 , respectively. Contract liabilities and refund liabilities included in accrued expenses were $ 132,280 and $ 28,968 as of December 31, 2020, respectively. Receivables from contracts with customers are included in Accounts receivable, net on the Company’s balance sheets. As of September 30, 2021 and December 31, 2020 , Accounts receivable, net included, $ 956,870 and $ 839,659 , respectively, of receivables from contracts with customers.

Impact of COVID-19

Impact of COVID-19	9 Months Ended
	Sep. 30, 2021
Impact Of COVID Nineteen [Abstract]
Impact of COVID-19	18. Impact of COVID-19 Since January of 2020, the coronavirus (COVID-19) outbreak, characterized as a pandemic by the World Health Organization on March 11, 2020, has caused significant disruptions in international and U.S. economies and markets. In 2020 and thereafter, demand for our shelf-stable powdered coffee creamers, hydration and beverage enhancing supplements, and coffee, tea and hot chocolate products has risen as consumers prepare more meals in their homes. As we work in a critical infrastructure industry as part of the nation’s food supply, we have implemented health and safety policies for all of our staff, including a transition to telework wherever reasonably possible; enacted strict sanitation protocols throughout our operations; and restricted access to visitors. Our top priority is the health and safety of our employees, and we are following published guidelines by the Centers for Disease Control and Prevention and other governmental health organizations in implementing procedures to protect our employees. The pandemic is an ever evolving and challenging situation and its impact on our business in the future is uncertain.

Nature of Operations and Summ_2

Nature of Operations and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Initial Public Offering	Initial Public Offering On September 25, 2020, the Company completed its initial public offering (“IPO”), in which the Company issued and sold 3,047,500 shares of its common stock at a public offering price of $ 22 per share, including 397,500 shares of common stock upon the exercise of the underwriter’s option to purchase additional shares. After underwriting discounts and commissions and other offering costs, net proceeds from the IPO were approximately $ 61,966,237 . Offering costs of approximately $ 1,350,815 were recognized as a reduction of additional-paid-in capital. Upon the closing of the IPO, all outstanding shares of the Company’s preferred stock converted into shares of common stock, consisting of (i) 162,340 outstanding shares of Series A-1 convertible preferred stock converting into 324,680 aggregate shares of common stock, (ii) 152,253 outstanding shares of Series A-2 convertible preferred stock converting into 304,506 aggregate shares of common stock, and (iii) 383,142 outstanding shares of Series B-1 convertible preferred stock converting into 766,284 aggregate shares of common stock.
Concurrent Private Placement	Concurrent Private Placement Danone Manifesto Ventures, PBC (“DMV”) purchased 90,910 shares of our common stock in a private placement immediately subsequent to the consummation of the IPO for a total purchase price of $ 2,000,020 , at a price per share of $ 22 .
Basis of Accounting	Basis of Accounting The financial statements include the accounts of the Company. The accounting and reporting policies of the Company conform with accounting principles generally accepted in the United States of America (“GAAP”) as contained within the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) and rules and regulations of the Securities and Exchange Commission (“SEC”). Operating results include the three and nine months ended September 30, 2021 and 2020 . Certain information in footnote disclosures normally included in financial statements prepared in accordance with GAAP has been condensed or omitted pursuant to the rules and regulations of the SEC and the accounting standards for interim financial statements.
Unaudited interim financial information	Unaudited Interim Financial Information In the opinion of the Company, the accompanying unaudited interim financial statements contain all adjustments, consisting of only normal recurring adjustments, necessary for a fair presentation of its financial position and its results of operations, changes in stockholders’ equity and cash flows. The balance sheet as of December 31, 2020 was derived from audited annual financial statements. Operating results for the three and nine months ended September 30, 2021 are not necessarily indicative of the results expected for the fiscal year ending December 31, 2021. The accompanying unaudited interim financial statements and related financial information should be read in conjunction with the audited financial statements and the related notes thereto for the fiscal year ended December 31, 2020 .
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, and expenses during the reporting period. The Company bases its estimates and assumptions on historical experience, known trends and events and various other factors that management believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Although management believes its estimates and assumptions are reasonable when made, they are based upon information available at the time they are made. Management evaluates the estimates and assumptions on an ongoing basis and, if necessary, makes adjustments. Due to the risks and uncertainties involved in the Company’s business and evolving market conditions and given the subjective element of the estimates and assumptions made, actual results may differ from estimated results. The most significant estimates and judgments impact allowances for doubtful accounts and returns, inventory obsolescence, the fair value of and/or potential impairment of goodwill and intangible assets, the fair value of assets acquired and liabilities assumed in business combinations, valuation allowance for deferred taxes, reserves on prepaid expenses, and fair value of stock-based compensation.
Business Combinations	Business Combinations Business combinations are accounted for under the acquisition method which requires identifiable assets acquired and liabilities assumed in the business acquired be recognized and measured at fair value on the acquisition date, which is the date that the acquirer obtains control of the acquired business. The amount by which the fair value of consideration transferred as the purchase price exceeds the net fair value of assets acquired and liabilities assumed is recorded as goodwill. The amount by which the net fair value of assets acquired, and liabilities assumed exceeds the fair value of consideration transferred as the purchase price is recorded as a bargain purchase gain. Acquisition-related transaction costs are expensed as incurred. These estimates are inherently uncertain and unpredictable. In addition, unanticipated events and circumstances may occur which may affect the accuracy or validity of such estimates. As a result, during the measurement period, which may be up to one year from the acquisition date, the Company may record adjustments to the assets acquired and liabilities assumed with the corresponding offset to goodwill or bargain purchase gain. Upon the conclusion of the measurement period or final determination of the fair value of assets acquired or liabilities assumed, whichever comes first, any subsequent adjustments are recorded to the Company’s Statements of Operations.
Segment reporting	Segment reporting The Company currently has one operating segment. In accordance with ASC 280, Segment Reporting (“ASC 280”), the Company considers operating segments to be components of the Company’s business for which separate financial information is available and is evaluated regularly by management in deciding how to allocate resources and in assessing performance. Management reviews financial information as a whole for purposes of allocation of resources and evaluating financial performance. Accordingly, the Company has determined that it has a single operating and reportable segment. Substantially all product sales for the periods provided were derived from domestic sales. See Note 17 for additional information regarding sales by platform within the Company’s single segment.
Cash, Cash Equivalents, and Restricted Cash	Cash, Cash Equivalents, and Restricted Cash Cash, cash equivalents, and restricted cash are highly liquid instruments with an original maturity of three months or less when purchased. For the purposes of the statements of cash flows, the Company includes cash on hand, cash in clearing accounts, cash on deposit with financial institutions, investments with an original maturity of three months or less, and restricted cash in determining the total balance. The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the balance sheet that sum to the total of the same such amounts shown in the statement of cash flows. September 30, December 31, 2021 2020 Cash and cash equivalents $ 30,934,843 $ 56,973,896 Restricted cash 122,695 234,184 Total cash, cash equivalents, and restricted cash shown in the $ 31,057,538 $ 57,208,080 Amounts in restricted cash represent those that are required to be set aside by contractual agreement. On December 3, 2020, the Company entered into an agreement with DMV, which provided the Company $ 298,103 in funds for the purpose of supporting three COVID-19 relief projects. During the three and nine months ended September 30, 2021 , we contributed $ 30,526 and $ 111,489 , respectively, to these projects. The restriction will be released upon the completion of the projects.
Concentration of Risk	Concentration of Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash on deposit and cash equivalents. At times, cash and cash equivalents balances may exceed the Federal Deposit Insurance Corporation (“FDIC”) insurable limits. The Company’s investment account (recognized as cash and cash equivalents) is with what the Company believes to be a high-quality issuer. The Company has never experienced any losses related to these balances. Non-interest-bearing amounts on deposit in excess of FDIC insurable limits as of September 30, 2021 and December 31, 2020 a pproximated $ 6,254,524 and $ 6,639,821 , res pectively.
Accounts Receivable, net	Accounts Receivable, net Accounts receivable, net consists principally of trade receivables, which are recorded at the invoiced amount, net of allowances for doubtful accounts. Trade receivables do not bear interest. Receivables are considered past due or delinquent according to contract terms. Management closely monitors outstanding balances and writes off accounts receivable as they are determined uncollectible. The Company provides for estimated losses on accounts receivable based on prior bad debt experience and a review of existing receivables. Based on these factors, management determined no allowance for doubtful accounts was required as of September 30, 2021 and December 31, 2020 .
Investments	Investments Investment securities that are not classified as either held-to-maturity securities or trading securities are classified as available-for-sale securities and are reported at fair value, with unrealized gains and losses excluded from earnings and reported as other comprehensive income or loss, net of income taxes. Management determines the appropriate classification of securities at the time of purchase. Investment securities are valued utilizing quoted prices in active markets. Gains and losses on the sales of available-for-sale securities are determined using the specific-identification method.
Inventory	Inventory Inventory is stated at the lower of cost (first-in, first-out) or net realizable value and consists primarily of raw materials and packaging and finished goods. The following table presents the components of inventory, net, as of: September 30, December 31, 2021 2020 Raw materials and packaging $ 5,463,224 $ 4,109,706 Finished goods 4,872,766 2,186,192 Total inventory, net $ 10,335,990 $ 6,295,898 The Company periodically reviews the value of items in inventory and provides write-offs of inventory based on current market assessment, which are charged to cost of goods sold. For the three and nine months ended September 30, 2021 , the Company recorded $ 39,880 and $ 168,436 , respectively, in inventory obsolescence primarily related to the Company’s liquid creamer product line. For the three and nine months ended September 30, 2020 , the Company recorded $ 102,158 and $ 291,198 , respectively, in inventory obsolescence related to the Company’s liquid creamer product line. As of September 30, 2021 and December 31, 2020 , the Company had a total of $ 695,272 and $ 958,166 , respectively, of prepayments for future raw materials inventory, net of reserve for prepaid assets of $ 179,000 , which is included in prepaid expenses and other current assets, net on the balance sheets.
Property and Equipment, net	Property and Equipment, net Property and equipment are valued at cost, net of accumulated depreciation. Expenditures for maintenance and repairs that do not extend the useful life or increase the value of the assets are charged to expense in the period incurred. Additions and betterments are capitalized. Depreciation is computed using the straight-line method over the estimated useful lives of the assets. Estimated useful lives for depreciation purposes for furniture and factory equipment range from 3 to 10 years . The useful life for leasehold improvements is the lesser of the lease term or the useful life. Construction in progress is not depreciated until such a time that the assets are completed and placed into service. Depreciation expense is allocated to general and administrative expenses and cost of goods sold upon the sale of inventory. For the three and nine months ended September 30, 2021 , depreciation expense was $ 152,139 and $ 454,400 , respectively. For the three and nine months ended September 30, 2020 , depreciation expense was $ 114,877 and $ 344,162 , respectively. As of September 30, 2021 and December 31, 2020 , the Company had a total of $ 462,507 and $ 0 , respectively, of deposits for future equipment purchases, which is included in deposits on the balance sheets.
Deferred Rent	Deferred Rent Deferred rent includes tenant improvement costs that were incurred by the landlord, RII Lundgren Mill, LLC, in the build-out of the Company’s leased space and were reimbursed by the Company. These amounts are treated as additional rents and are expensed straight-line over the life of the lease.
Revenue Recognition	Revenue Recognition The Company recognizes revenue in accordance with the five-step model as prescribed by ASC Topic 606 , Revenue from Contracts with a Customer, in which the Company evaluates the transfer of promised goods or services and recognizes revenue when its customer obtains control of promised goods or services in an amount that reflects the consideration which the Company expects to be entitled to receive in exchange for those goods or services. To determine revenue recognition for the arrangements that the Company determines are within the scope of ASC Topic 606, the Company performs the following five steps: (1) identify the contract(s) with a customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the contract, and (5) recognize revenue when (or as) the entity satisfies a performance obligation. See Note 17 for additional information regarding revenue recognition. The Company has elected, as a practical expedient, to account for the shipping and handling as fulfillment costs, rather than as a separate performance obligation. Methodologies for determining these provisions are dependent on customer pricing and promotional practices. The Company records reductions to revenue for estimated product returns and pricing adjustments in the same period that the related revenue is recorded. These estimates are based on industry-based historical data, historical sales returns, if any, analysis of credit memo data, and other factors known at the time.
Cost of Goods Sold	Cost of Goods Sold Cost of goods sold includes material, labor, and overhead costs incurred in the storage and distribution of products sold in the period. Material costs include the cost of products purchased. Labor and overhead costs consist of indirect product costs, including wages and benefits for manufacturing, planning, and logistics personnel, depreciation, facility costs and freight.
Shipping and Handling	Shipping and Handling Costs of shipping and handling related to sales revenue are included in cost of goods sold. Shipping and handling costs totaled $ 1,675,438 and $ 4,506,386 for the three and nine months ended September 30, 2021 , respectively. Shipping and handling costs totaled $ 1,132,630 and $ 2,721,567 for the three and nine months ended September 30, 2020 , respectively. Income generated from shipping costs billed through to customers was included in Sales, net in the statements of operations. Shipping income totaled $ 195,085 and $ 261,495 for the three and nine months ended September 30, 2021 , respectively. Shipping income totaled $ 25,737 and $ 221,082 for the three and nine months ended September 30, 2020 , respectively.
Research and Product Development	Research and Product Development Amounts spent on research and development activities are expensed as incurred as research and product development expense on the statements of operations. Research and product development expense was $ 242,604 and $ 858,143 for the three and nine months ended September 30, 2021 , respectively. Research and product development expense was $ 102,879 and $ 363,990 for the three and nine months ended September 30, 2020 , respectively.
Advertising	Advertising Advertising costs are expensed when incurred. Advertising expenses for the three and nine months ended September 30, 2021 was $ 1,954,377 and $ 5,313,881 , respectively. Advertising expenses for the three and nine months ended September 30, 2020 was $ 1,140,369 and $ 3,146,592 , respectively.
Marketing	Marketing Marketing costs are expensed when incurred. Marketing expenses for the three and nine months ended September 30, 2021 were $ 1,131,023 and $ 3,079,181 , respectively. Marketing expenses for the three and nine months ended September 30, 2020 were $ 312,402 and $ 883,286 , respectively.
Income Taxes	Income Taxes Income taxes provide for the tax effects of transactions reported in the financial statements and consist of income taxes currently due and deferred tax assets and liabilities. The Company may also be subject to interest and penalties from taxing authorities on underpayment of income taxes. In such an event, interest and penalties are included in income tax expense. Deferred tax assets and liabilities are recognized for differences between the basis of assets and liabilities for financial statement and income tax purposes. The differences relate primarily to depreciable assets (use of different depreciation methods and lives for financial statement and income tax purposes) and net operating losses. The deferred tax assets and liabilities represent the future tax return consequences of those differences, which will either be taxable or deductible when the assets and liabilities are recovered or settled. Due to the historical net loss position of the Company, the Company recorded a deferred tax valuation allowance of $ 12,695,954 and $ 7,563,110 as of September 30, 2021 and December 31, 2020, respectively. During the nine months ended September 30, 2021 , the Company recorded a deferred tax liability of $ 86,495 to account for the book versus tax basis difference related to the goodwill intangible asset acquired in the Picky Bars acquisition, also known as a “naked credit.”
Repurchased Stock	Repurchased Stock Management presents repurchased stock (at cost) as a reduction in stockholders’ equity to reflect the historical stock repurchase transactions more clearly. There were no stock repurchase transactions for the three and nine months ended September 30, 2021 . There were stock repurchases of $ 0 and $ 20,532 in the three and nine months ended September 30, 2020 , respectively.
Stock Incentive Plan	Stock Incentive Plan The compensation cost relating to share-based payment transactions is recognized in the financial statements. The cost is measured based on the grant date fair value of the equity or liability instruments issued. Compensation cost for all employee stock awards is calculated and recognized over the employees’ service period, generally defined as the vesting period. For awards with graded-vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award. Compensation cost for all consultant stock awards is calculated and recognized over the consultant’s service period based on the grant date fair value of the equity or liability instruments issued. Upon exercise of stock option awards or vesting of restricted stock units, recipients are issued shares of common stock. Pre-vesting forfeitures result in the reversal of all compensation cost as of the date of termination; post-vesting cancellation does not.
Earnings per Share	Earnings per Share Basic earnings per share is computed on the basis of the weighted average number of shares of common stock that were outstanding during the period. Diluted earnings per share is similarly determined, except that the denominator is increased to include the number of additional shares of common stock that would have been outstanding if all dilutive potential common stock and preferred stock had been issued and is calculated under the treasury stock method. Due to the Company’s net loss, all stock options and convertible preferred stock are anti-dilutive and excluded.
Stock Split	Stock Split The Company’s board of directors and stockholders approved a 2-for-1 split of the Company’s common stock, which was effected on August 19, 2020. The split divided each share of the Company’s issued and outstanding common stock into two shares of common stock and correspondingly adjusted the conversion prices of its convertible preferred stock. No fractional shares were issued in connection with the split. The split was effective upon filing of the Certificate of Amendment to the Second Amended and Restated Certificate of Incorporation on August 19, 2020. The Company has reflected the effect of the 2-for-1 split of its common stock (and the corresponding adjustment of the conversion prices of its preferred stock) in these financial statements as if it had occurred at the beginning of the earliest period presented.
Warrants	Warrants Issued and detachable stock warrants are classified as equity or liability instruments based on the specific terms of the underlying warrant agreement. In circumstances where debt or equity is issued with detachable warrants, the proceeds from issuance are allocated to each instrument based on an acceptable method, which generally involves determining the fair value of one or more of the instruments. In conjunction with the Company’s IPO, the warrant outstanding was cancelled. See additional information in Note 13.
License Agreement – Indefinite Lived Intangible Asset	License Agreement – Indefinite Lived Intangible Asset On August 3, 2015, the Company entered into a license agreement with the Company’s co-founder Laird Hamilton (the “LH License”). The LH License stated Laird Hamilton’s contribution to the Company was in the form of intellectual property, granting the Company the right to use Laird Hamilton’s name and likeness. This contribution, which was reported on the balance sheets as of September 30, 2021 and December 31, 2020 , was valued at $ 132,000 and satisfied with the issuance of 660,000 shares of common stock. The Company has determined that the intangible asset associated with the LH License has an indefinite life, as there is no foreseeable limit on the period of time over which it is expected to contribute to the cash flows of the Company. Please see Note 16 for more information on the Company’s related party transaction with Mr. Hamilton. On May 2, 2018, the Company entered into a license agreement with Gabrielle Reece, who is married to Mr. Hamilton (the “GR License”). Pursuant to the GR License, Ms. Reece granted the Company rights to her name, signature, voice, picture, image, likeness and biographical information commencing on July 1, 2015. This contribution, which is reported on the balance sheets as of September 30, 2021 and December 31, 2020 , was valued at $ 100 based on the consideration exchanged. The Company has determined that the intangible asset associated with the GR License has an indefinite life, as there is no foreseeable limit on the period of time over which it is expected to contribute to the cash flows of the Company. Please see Note 16 for more information on the Company’s related party transaction with Ms. Reece. On November 19, 2018, the Company executed a License and Preservation Agreement with Mr. Hamilton and Ms. Reece which superseded the predecessor license agreements with both individuals. The agreement added specific terms related to noncompetition and allowable usage of the property under the license. No additional consideration was exchanged in connection with the agreement and the life of the agreement was set at 100 years. On May 26, 2020, the Company executed a License and Preservation Agreement with Mr. Hamilton, and Ms. Reece (the “2020 License”), which superseded the predecessor license and preservation agreement with both individuals. Among other modifications, the agreement (i) modified certain approval rights of Mr. Hamilton and Ms. Reece for use of their respective images, signatures, voices, and names (other than those owned by the Company), rights of publicity and common law and statutory rights to the foregoing in the Company’s products, (ii) modified certain assignment, change of control and indemnification provisions, and (iii) granted the Company the right to extend the term of the agreement for additional ten-year terms upon the expiration of the initial one-hundred year term. No additional consideration was exchanged in connection with the agreement. As indefinite-lived intangibles, the Company assesses qualitative factors each reporting period to determine whether events and circumstances exist that indicate that the fair values of the licensing agreements were less than the carrying amounts. Upon considering these factors, the Company determined it was more likely than not that the fair values of the 2020 License were not less than the carrying amounts; therefore, the Company recognized no impairment for the three and nine months ended September 30, 2021 and 2020 .
Definite Lived Intangible Assets, net	Definite Lived Intangible Assets, net Definite lived intangible assets are valued at cost, net of accumulated amortization. Amortization is computed using the straight-line method over the estimated useful lives of the assets. Estimated useful lives for amortization purposes range between 3 and 10 years. Amortization expense is allocated to general and administrative expense. For the three and nine months ended September 30, 2021 , amortization expense was $ 139,775 and $ 243,578 , respectively. For the three and nine months ended September 30, 2020 , amortization expense was $ 2,524 and $ 7,599 , respectively.
Goodwill	Goodwill Goodwill represents the excess of purchase price over the assigned fair values of the assets acquired and liabilities assumed in conjunction with a business combination. Goodwill is reviewed for impairment annually as of December 31, or whenever events occur or circumstances change that indicate goodwill may be impaired. In testing goodwill for impairment, the Company has the option to perform a qualitative assessment to determine whether the existence of events or circumstances indicate that it is more-likely-than-not (more than 50 %) that the fair value of goodwill is less than its carrying amount. When performing a qualitative assessment, the Company evaluates factors such as industry and market conditions, cost factors, overall financial performance, and other relevant entity specific events and changes. If the qualitative assessment indicates that it is more-likely-than-not that the fair value of goodwill is less than its carrying amount, or if the Company chooses not to perform the qualitative assessment, then a quantitative assessment is performed to determine the reporting unit’s fair value. If the carrying value exceeds its fair value, then an impairment loss is recognized for the amount of the excess of the carrying amount over the fair value, not to exceed the total amount of goodwill.
Employee Benefit Plan	Employee Benefit Plan The Company sponsors a defined contribution 401(k) plan (the “401(k) plan”) for all employees 18 years or older. The 401(k) plan was initiated on July 1, 2018. Employee contributions may be made on a before-tax basis, limited by Internal Revenue Service regulations. For the three and nine months ended September 30, 2021 and 2020 , we did no t match employee contributions.
JOBS Act Accounting Election	JOBS Act Accounting Election The Company qualifies as an “emerging growth company,” as defined in the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”). Under the JOBS Act, emerging growth companies can delay adopting new or revised accounting standards issued subsequent to the enactment of the JOBS Act until such time as those standards apply to private companies. An emerging growth company can elect to use this extended transition period for complying with new or revised accounting standards that have different effective dates for public and private companies until the earlier of the date that it (i) is no longer an emerging growth company or (ii) affirmatively and irrevocably opts out of the extended transition period provided in the JOBS Act. Currently, the Company has elected to file as an emerging growth company defined under the JOBS Act, and as such, these financial statements may not be comparable to the financial statements of companies that comply with the new or revised accounting pronouncements as of public company effective dates.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements There were no new accounting pronouncements adopted in the three and nine months ended September 30, 2021 and 2020 , respectively.
Recent Accounting Pronouncements	Recently Issued Accounting Pronouncements In February 2016, the FASB issued Leases (Topic 842) (“ASU 2016-02”), whereby a lessee will be required to recognize for all leases at the commencement date a lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis; and a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Under the new guidance, lessor accounting is largely unchanged. A modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements must be applied. The modified retrospective approach would not require any transition accounting for leases that expired before the earliest comparative period presented. ASU 2016-02 is effective for the Company’s annual periods beginning after December 15, 2021, and interim periods within fiscal years beginning after December 15, 2022. The adoption of the new standard is expected to result in the recognition of additional lease liabilities and right-of-use assets as of January 1, 2022. The Company is evaluating the potential impact of this pronouncement. In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments – Credit Losses (“Topic 326”): Measurement of Credit Losses on Financial Instruments,” as modified by subsequently issued ASUs 2018-19 (issued November 2018), 2019-04 (issued April 2019), 2019-05 (issued May 2019), 2019-11 (issued November 2019), 2020-02 (issued February 2020) and 2020-03 (issued March 2020). Topic 326 modifies the measurement and recognition of credit losses for most financial assets and certain other instruments, requiring the use of forward-looking expected credit loss models based on historical experience, current economic conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount, which may result in earlier recognition of credit losses under the new standard. It also requires that credit losses related to available-for-sale debt securities be recorded as an allowance through net income rather than reducing the carrying amount under the current, other-than-temporary-impairment model. The standard requires a modified retrospective approach with a cumulative effect adjustment to retained earnings. ASU 2016-13 is effective for the Company’s annual periods beginning after December 15, 2022, including interim periods within those fiscal years. The Company has not yet evaluated the potential impact of this pronouncement.
Reclassification of Prior Period Presentation	Reclassification of Prior Period Presentation Certain prior period amounts have been reclassified for consistency with the current year presentation. As a result, certain line items have been amended in the balance sheets, statements of operations, statements of cash flow, and the related notes to the financial statements.
Subsequent Events	Subsequent Events Subsequent events are events or transactions that occur after the balance sheet date but before the financial statements are available to be issued. The Company has evaluated events and transactions subsequent to September 30, 2021 for potential recognition of disclosure in the financial statements.

Nature of Operations and Summ_3

Nature of Operations and Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of Reconciliation of Cash, Cash Equivalents and Restricted Cash	The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the balance sheet that sum to the total of the same such amounts shown in the statement of cash flows. September 30, December 31, 2021 2020 Cash and cash equivalents $ 30,934,843 $ 56,973,896 Restricted cash 122,695 234,184 Total cash, cash equivalents, and restricted cash shown in the $ 31,057,538 $ 57,208,080
Schedule of Inventory, Current	Inventory is stated at the lower of cost (first-in, first-out) or net realizable value and consists primarily of raw materials and packaging and finished goods. The following table presents the components of inventory, net, as of: September 30, December 31, 2021 2020 Raw materials and packaging $ 5,463,224 $ 4,109,706 Finished goods 4,872,766 2,186,192 Total inventory, net $ 10,335,990 $ 6,295,898

Business Combination (Tables)

Business Combination (Tables)	9 Months Ended
	Sep. 30, 2021
Business Combinations [Abstract]
Summary of Consideration Paid and Amounts of the Assets Acquired and Liabilities Assumed Recognized at the Acquisition	The following table summarizes the consideration paid for Picky Bars and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date: Consideration Cash $ 11,111,830 Equity instruments 1,834,857 Far value of total consideration transferred $ 12,946,687 Recognized amounts of identifiable assets acquired and liabilities assumed Cash $ 662,243 Accounts receivable 48,517 Prepaid expenses and other current assets 243,166 Inventory 726,006 Property, Plant, & Equipment 55,378 Intangible assets 4,930,000 Total assets acquired 6,665,310 Accounts payable 47,323 Accrued expenses 131,661 Payroll liabilities 9,189 Contract liabilities 16,450 Total liabilities assumed 204,623 Total identifiable net assets 6,460,687 Goodwill $ 6,486,000
Summary of Components of the Intangible Assets Acquired and their Estimated Useful Lives	The following table summarizes the components of the intangible assets acquired and their estimated useful lives: Estimated Useful Fair Value Trade names 10 years $ 2,530,000 Customer relationships 10 years 1,990,000 Recipes 10 years 330,000 Social media agreements 3 years 80,000 Total intangible assets acquired $ 4,930,000
Schedule of Proforma Information Related To Business Combination	The following unaudited pro forma summary presents the results of the Company as if the acquisition of Picky Bars had occurred on January 1 of the year prior to the acquisition: Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Net Sales $ 10,865,914 $ 8,541,642 $ 29,191,720 $ 21,481,374 Net Loss $ ( 5,351,698 ) $ ( 4,191,245 ) $ ( 16,712,048 ) $ ( 10,389,402 )

Prepaid Expenses and Other Cu_2

Prepaid Expenses and Other Current Assets, Net (Tables)	9 Months Ended
	Sep. 30, 2021
Prepaid Expense and Other Assets, Current [Abstract]
Schedule of prepaid expenses and other current assets	The following table presents the components of prepaid expenses and other current assets, net, as of: September 30, December 31, 2021 2020 Prepaid insurance $ 84,560 $ 1,446,189 Prepaid inventory 874,272 958,166 Prepaid subscriptions and license fees 379,822 225,567 Prepaid, other 206,465 152,323 Prepaid consulting — 13,963 Prepaid advertising 23,203 — Other current assets 378,422 51,111 Total prepaid and other assets 1,946,744 2,847,319 Reserve for prepaid inventory ( 179,000 ) — Prepaid and other assets, net $ 1,767,744 $ 2,847,319

Investment securities (Tables)

Investment securities (Tables)	9 Months Ended
	Sep. 30, 2021
Investments, Debt and Equity Securities [Abstract]
Schedule of Investment securities	Investment securities as of September 30, 2021 and December 31, 2020 consisted of the following: Gross unrealized Gross unrealized Estimated fair Amortized cost gains losses value September 30, 2021 Federal agency bonds – mortgage-backed $ 8,696,093 $ — $ ( 7,842 ) $ 8,688,251 Total investment securities available-for-sale $ 8,696,093 $ — $ ( 7,842 ) $ 8,688,251 December 31, 2020 Federal agency bonds – mortgage-backed $ 8,692,637 $ 14,207 $ — $ 8,706,844 Total investment securities available-for-sale $ 8,692,637 $ 14,207 $ — $ 8,706,844
Schedule of amortized cost and estimated fair value of investment securities	The amortized cost and estimated fair value of investment securities as of September 30, 2021 and December 31, 2020, by contractual maturity, are shown below: Available-for-sale Amortized cost Estimated fair September 30, 2021 Due after one year through five years $ 8,696,093 $ 8,688,251 Total investment securities available-for-sale $ 8,696,093 $ 8,688,251 Available-for-sale Amortized cost Estimated fair December 31, 2020 Due after one year through five years $ 8,692,637 $ 8,706,844 Total investment securities available-for-sale $ 8,692,637 $ 8,706,844

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2021
Fair Value Disclosures [Abstract]
Summarize assets subject to fair value measurements	The following tables summarize assets subject to fair value measurements: Fair Value as of September 30, 2021 Level 1 Level 2 Level 3 Federal agency bonds—mortgage-backed $ — $ 8,688,251 $ — Fair Value as of December 31, 2020 Level 1 Level 2 Level 3 Federal agency bonds—mortgage-backed $ — $ 8,706,844 $ —

Long-term Debt (Tables)

Long-term Debt (Tables)	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
Summary of long-term debt components	The following table presents the components of long-term debt: September 30, December 31, 2021 2020 Forgivable loan, City of Sisters $ 51,000 $ 51,000 Long-term debt $ 51,000 $ 51,000

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	9 Months Ended
	Sep. 30, 2021
Property, Plant and Equipment [Abstract]
Summary of property and equipment, net	Property and equipment, net is comprised of the following as of: September 30, December 31, 2021 2020 Factory equipment $ 3,113,159 $ 2,668,839 Land 947,394 947,394 Furniture and office equipment 584,354 532,116 Leasehold improvements 509,450 259,504 Construction in progress 305,112 — 5,459,469 4,407,853 Accumulated depreciation ( 1,320,270 ) ( 894,365 ) Property and equipment, net $ 4,139,199 $ 3,513,488

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets, Net (Tables)	9 Months Ended
	Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Intangible Assets	Intangible Assets, net is comprised of the following: September 30, December 31, 2021 2020 Trade names ( 10 years) $ 2,530,000 $ — Customer relationships ( 10 years) 1,990,000 — Recipes ( 10 years) 330,000 — Social media agreements ( 3 years) 80,000 — Software ( 3 - 15 years) 173,353 31,807 Amortizable intangible assets 5,103,353 31,807 Accumulated amortization ( 270,393 ) ( 26,815 ) Amortizable intangible assets, net 4,832,960 4,992 Licensing agreements (indefinite) 132,100 132,100 Total Intangible assets, net $ 4,965,060 $ 137,092
Summary of Future Amortization Expense of the Intangible Assets	The estimated amortization expense for each of the next five years and thereafter is as follows: 2021 $ 140,441 2022 560,205 2023 558,968 2024 503,697 2025 485,120 Thereafter 2,584,529 $ 4,832,960

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Schedule of Loss Contingencies by Contingency	The following table sets forth the amounts of our significant contractual obligations and commitments with definitive payment terms as of September 30, 2021: Payments Due by Period Operating Leases (1) Note Payable Total 2021 $ 59,711 $ 51,000 $ 110,711 2022 243,236 — 243,236 2023 250,534 — 250,534 2024 258,049 — 258,049 2025 265,791 — 265,791 Thereafter 860,498 — 860,498 $ 1,937,820 $ 51,000 $ 1,988,820 (1) Operating lease obligations related to our manufacturing facility leases dated March 1, 2018 and December 17, 2018.

Deferred Tax Assets and Liabi_2

Deferred Tax Assets and Liabilities (Tables)	9 Months Ended
	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Schedule of Deferred Tax Assets and Liabilities	The Company’s deferred tax assets and liabilities consisted of the following as of September 30, 2021 and December 31, 2020: September 30, December 31, 2021 2020 Noncurrent deferred tax assets: Net operating loss carryforwards $ 12,472,767 $ 7,444,857 Property and equipment 594,910 671,562 Research and development credits 135,783 106,526 Accrued expenses 70,024 75,702 Charitable contributions 37,284 — Unexercised options 47,681 — Total noncurrent deferred tax assets 13,358,449 8,298,647 Noncurrent deferred tax liabilities: Deferred rent asset $ 662,495 $ 735,537 Intangible assets 86,495 — Total noncurrent deferred tax liabilities 748,990 735,537 Net noncurrent deferred tax assets $ 12,609,459 $ 7,563,110 Valuation allowance ( 12,695,954 ) ( 7,563,110 ) Total net noncurrent deferred tax liabilities $ ( 86,495 ) $ —

Stock Incentive Plan (Tables)

Stock Incentive Plan (Tables)	9 Months Ended
	Sep. 30, 2021
Share-based Payment Arrangement [Abstract]
Schedule of Share Based Compensation Stock Options and Restricted Stock Activity	The following tables summarize the Company’s stock option activity during the nine months ended September 30, 2021 and 2020: September 30, 2021 Options Weighted Average Weighted Average Aggregate Balance at January 1, 2021 887,640 $ 9.65 6.42 $ 33,433,274 Granted 56,541 41.03 Exercised/released ( 61,119 ) 8.21 Cancelled/forfeited ( 82,833 ) 15.79 Balance at September 30, 2021 800,229 $ 11.41 6.83 $ 6,135,017 Exercisable at September 30, 2021 580,601 $ 7.92 6.27 $ 11,077,867 September 30, 2020 Options Weighted Average Weighted Average Aggregate Balance at January 1, 2020 788,528 $ 8.42 7.17 $ 4,799,381 Granted 164,078 14.12 Exercised/released ( 11,314 ) 10.59 Cancelled/forfeited ( 45,532 ) 11.37 Balance at September 30, 2020 895,760 $ 8.94 6.99 $ 34,313,763 Exercisable at September 30, 2020 508,382 $ 6.82 5.44 $ 19,851,163
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions	For the nine months ended September 30, 2021 and 2020, the grant-date fair value of stock options was estimated at the time of grant using the following weighted-average inputs and assumptions in the Black-Scholes option pricing model: For the Nine Months Ended 2021 2020 Weighted-average expected volatility 52.12 % 70.18 % Weighted-average expected term (years) 6.23 6.23 Weighted-average expected risk-free interest rate 0.72 % 0.70 % Dividend yield 0.00 % 0.00 % Weighted-average fair value of options granted $ 20.78 $ 17.22

Earnings per Share (Tables)

Earnings per Share (Tables)	9 Months Ended
	Sep. 30, 2021
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	Basic earnings per share is reconciled to diluted earnings per share in the following table: Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Net loss $ ( 5,351,698 ) $ ( 3,355,084 ) $ ( 16,984,461 ) $ ( 8,356,704 ) Less deemed dividend of beneficial conversion feature — — — ( 825,366 ) Less deemed dividend on warrant discount — ( 645,939 ) — ( 825,366 ) Net loss attributable to Laird Superfood, Inc. common stockholders $ ( 5,351,698 ) $ ( 4,001,023 ) $ ( 16,984,461 ) $ ( 10,007,436 ) Weighted average shares outstanding- basic 9,001,912 4,672,041 8,954,875 4,427,114 Dilutive securities — — — — Weighted average shares outstanding- diluted 9,001,912 4,672,041 8,954,875 4,427,114 Common stock options and restricted stock awards excluded due to anti-dilutive effect 907,085 883,260 907,085 883,260 Basic and diluted: Net loss per share (basic) $ ( 0.59 ) $ ( 0.86 ) $ ( 1.90 ) $ ( 2.26 ) Net loss per share (diluted) $ ( 0.59 ) $ ( 0.86 ) $ ( 1.90 ) $ ( 2.26 )

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Sep. 30, 2021
Revenue from Contract with Customer [Abstract]
Summary of disaggregation of revenue based on products sold	In accordance with ASC Topic 606, the Company disaggregates net sales from contracts with customers based on the characteristics of the products sold: Three Months Ended September 30, 2021 2020 $ % of Total $ % of Total Coffee creamers $ 6,489,895 60 % $ 5,261,175 70 % Hydration and beverage enhancing supplements 1,330,906 12 % 1,037,517 14 % Coffee, tea, and hot chocolate products 1,724,919 16 % 2,153,702 29 % Harvest snacks and other food items 1,866,709 17 % — 0 % Other 452,002 4 % 159,906 2 % Gross sales 11,864,431 109 % 8,612,300 115 % Shipping income 195,085 2 % 25,737 0 % Returns and discounts ( 1,193,602 ) ( 11 %) ( 1,147,395 ) ( 15 %) Sales, net $ 10,865,914 100 % $ 7,490,642 100 % Nine Months Ended September 30, 2021 2020 $ % of Total $ % of Total Coffee creamers $ 16,590,542 60 % $ 13,285,967 72 % Hydration and beverage enhancing supplements 3,907,111 14 % 2,877,694 16 % Coffee, tea, and hot chocolate products 5,286,882 19 % 4,116,891 22 % Harvest snacks and other food items 3,353,178 12 % — 0 % Other 987,076 4 % 378,318 2 % Gross sales 30,124,789 110 % 20,658,870 112 % Shipping income 261,495 1 % 221,082 1 % Returns and discounts ( 2,942,890 ) ( 11 %) ( 2,381,455 ) ( 13 %) Sales, net $ 27,443,394 100 % $ 18,498,497 100 %
Summary of disaggregation of revenue based on channels	The Company generates revenue through three channels: online, wholesale, and food service: Three Months Ended September 30, 2021 2020 $ % of Total $ % of Total Online $ 6,331,003 58 % $ 3,713,773 50 % Wholesale 4,415,867 41 % 3,650,854 49 % Food service 119,044 1 % 126,015 1 % Sales, net $ 10,865,914 100 % $ 7,490,642 100 % Nine Months Ended September 30, 2021 2020 $ % of Total $ % of Total Online $ 16,492,513 60 % $ 10,049,039 54 % Wholesale 10,529,593 38 % 8,117,655 44 % Food service 421,288 2 % 331,803 2 % Sales, net $ 27,443,394 100 % $ 18,498,497 100 %

Nature of Operations and Summ_4

Nature of Operations and Summary of Significant Accounting Policies - Summary of Reconciliation of Cash, Cash Equivalents and Restricted Cash (Detail) - USD ($)	Sep. 30, 2021	Dec. 31, 2020	Sep. 30, 2020	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash and cash equivalents	$ 30,934,843	$ 56,973,896
Restricted cash	122,695	234,184
Total cash, cash equivalents, and restricted cash shown in the statement of cash flows	$ 31,057,538	$ 57,208,080	$ 72,947,685	$ 1,004,109

Nature of Operations and Summ_5

Nature of Operations and Summary of Significant Accounting Policies - Schedule of Inventory, Current (Detail) - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Raw materials and packaging	$ 5,463,224	$ 4,109,706
Finished goods	4,872,766	2,186,192
Total inventory, net	$ 10,335,990	$ 6,295,898

Nature of Operations and Summ_6

Nature of Operations and Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($)	Sep. 25, 2020	Sep. 30, 2021	Mar. 31, 2021	Sep. 30, 2020	Mar. 31, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020	Dec. 03, 2020
Common stock par or stated value per share		$ 0.001				$ 0.001		$ 0.001
Cash with financial institutions in excess of federally insured limits		$ 6,254,524				$ 6,254,524		$ 6,639,821
Allowance for doubtful accounts		0				0		0
Prepayments for future raw materials		874,272				874,272		958,166
Advances for future equipment purchases		462,507				462,507
Depreciation		152,139		$ 114,878		454,400	$ 344,162
Shipping and handling costs		7,667,075		5,734,144		20,225,269	13,384,880
Research and development expenses		242,604		102,879		858,143	363,990
Advertising expenses		1,954,377		1,140,369		5,313,881	3,146,592
Deferred tax asset valuation allowance		12,695,954				12,695,954		7,563,110
Deferred tax liability		86,495				86,495		$ 0
Stock repurchases during the period values		$ 0		0	$ 20,532	$ 0	20,532
Adjustment to additional paid in capital stock issuance costs			$ 82,043	1,131,291
Temporary equity shares outstanding		0				0		0
Indefinitely lived intangible assets excluding goodwill		$ 132,100				$ 132,100		$ 132,100
Employees matching contribution defined contribution plan		0				0
Revenue from Contract with Customer, Excluding Assessed Tax		10,865,914		7,490,642		27,443,394	18,498,497
Cash Received		122,695				122,695		234,184
Reserve for prepaid assets						179,000	0
Marketing Expense		1,131,023		312,402		3,079,181	883,286
Amortization expense of finite lived intangible assets		139,775		2,552		$ 243,578	7,599
Stock Split, Description						The Company’s board of directors and stockholders approved a 2-for-1 split of the Company’s common stock, which was effected on August 19, 2020. The split divided each share of the Company’s issued and outstanding common stock into two shares of common stock and correspondingly adjusted the conversion prices of its convertible preferred stock. No fractional shares were issued in connection with the split.
Finite-Lived Intangible Assets [Member]
Amortization expense of finite lived intangible assets		139,775		2,524		$ 243,578	7,599
COVID-19
Cash Received								298,103
General and Administrative Expense [Member]
Depreciation		152,139		114,877		454,400	344,162
Raw Materials [Member]
Prepayments for future raw materials		695,272				695,272		958,166
Inventory Valuation and Obsolescence [Member]
Inventory obsolescence		39,880		102,158		168,436	291,198
Dano Manifesto Ventures PBC [Member] | COVID-19
Cash Received									$ 298,103
Cash contributed		30,526				111,489
License Agreement Terms [Member] | Laird Hamilton [Member]
Indefinitely lived intangible assets excluding goodwill		132,000				$ 132,000		132,000
Stock issued during the period shares for services received						660,000
License Agreement Terms [Member] | Gabrielle Reece [Member]
Indefinitely lived intangible assets excluding goodwill		$ 100				$ 100
License And Preservation Agreement [Member] | Laird Hamilton And Gabrielle Riece [Member]
Term of the license agreement						100 years
License And Preservation Amendment Agreement [Member] | Laird Hamilton And Gabrielle Riece [Member]
Additional term of the license agreement		10 years				10 years
Impairment of indefinitely lived intangible assets excluding goodwill		$ 0		0		$ 0	0
Series A One Redeemable Convertible Preferred Stock [Member]
Temporary equity shares outstanding	162,340
Stock shares issued during the period on conversion of convertible securities	324,680
Series A Two Redeemable Convertible Preferred Stock [Member]
Temporary equity shares outstanding	152,253
Stock shares issued during the period on conversion of convertible securities	304,506
Series B One Redeemable Convertible Preferred Stock [Member]
Temporary equity shares outstanding	383,142
Stock shares issued during the period on conversion of convertible securities	766,284
IPO [Member]
Stock issued during the period shares	3,047,500
Sale of stock price per share	$ 22
IPO for a total purchase price	$ 61,966,237
Adjustment to additional paid in capital stock issuance costs	$ 1,350,815
Over-Allotment Option [Member]
Stock issued during the period shares	397,500
Private Placement [Member]
Sale of stock price per share		$ 22				$ 22
Stock issued during the period value for services received						$ 2,000,020
common stock in a private placement						90,910
Shipping and Handling [Member]
Shipping and handling costs		$ 1,675,438		1,132,630		$ 4,506,386	2,721,567
Revenue from Contract with Customer, Excluding Assessed Tax		$ 195,085		$ 25,737		$ 261,495	$ 221,082
Maximum [Member]
Estimated useful lives of finite lived intangible assets						15 years
Maximum [Member] | Finite-Lived Intangible Assets [Member]
Estimated useful lives of finite lived intangible assets						10 years
Maximum [Member] | License And Preservation Amendment Agreement [Member] | Laird Hamilton And Gabrielle Riece [Member]
Additional term of the license agreement		100 years
Minimum [Member]
Estimated useful lives of finite lived intangible assets						3 years
Percentage of Existence of events or circustances to perform qualitative assessment						50.00%
Minimum [Member] | Finite-Lived Intangible Assets [Member]
Estimated useful lives of finite lived intangible assets						3 years
Deposit Assets [Member]
Advances for future equipment purchases								$ 0
Prepaid Expenses and Other Current Assets [Member]
Reserve for prepaid assets						$ 179,000
Furniture and Fixtures [Member] | Maximum [Member]
Estimated useful life of furniture						10 years
Furniture and Fixtures [Member] | Minimum [Member]
Estimated useful life of furniture						3 years
Equipment [Member] | Maximum [Member]
Estimated useful life of furniture						10 years
Equipment [Member] | Minimum [Member]
Estimated useful life of furniture						3 years

Business Combination - Summary

Business Combination - Summary of Consideration Paid and Amounts of the Assets Acquired and Liabilities Assumed Recognized at the Acquisition (Detail) - USD ($)	May 03, 2021	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross		$ 10,449,587	$ 0
Recognized amounts of identifiable assets acquired and liabilities assumed
Goodwill		$ 6,486,000		$ 0
Picky Bars [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross	$ 11,111,830
Equity instruments	1,834,857
Far value of total consideration transferred	12,946,687
Recognized amounts of identifiable assets acquired and liabilities assumed
Cash	662,243
Accounts receivable	48,517
Prepaid expenses and other current assets	243,166
Inventory	726,006
Property, Plant, & Equipment	55,378
Intangible assets	4,930,000
Total assets acquired	6,665,310
Accounts payable	47,323
Accrued expenses	131,661
Payroll liabilities	9,189
Contract liabilities	16,450
Total liabilities assumed	204,623
Total identifiable net assets	6,460,687
Goodwill	$ 6,486,000

Business Combination - Summar_2

Business Combination - Summary of Components of the Intangible Assets Acquired and their Estimated Useful Lives (Detail) - Picky Bars [Member]	9 Months Ended
	Sep. 30, 2021USD ($)
Acquired Finite-Lived Intangible Assets [Line Items]
Fair Value	$ 4,930,000
Trade Names [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life	10 years
Fair Value	$ 2,530,000
Customer Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life	10 years
Fair Value	$ 1,990,000
Recipes [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life	10 years
Fair Value	$ 330,000
Social Media Agreements [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life	3 years
Fair Value	$ 80,000

Business Combination - Addition

Business Combination - Additional Information (Detail) - USD ($)	May 03, 2021	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Business Acquisition [Line Items]
Cash Consideration				$ 10,449,587	$ 0
Acquisition costs		$ 0
Picky Bars [Member]
Business Acquisition [Line Items]
Cash Consideration	$ 11,111,830
Acquisition costs				278,140
Business combination, revenue of acquiree		$ 1,329,882		$ 2,314,315
Business combination, net income (loss) contributed by acquiree			$ 95,472		$ 30,495
Picky Bars [Member] | Definitive Agreement [Member]
Business Acquisition [Line Items]
Cash Consideration	$ 11,111,830
Common Stock [Member] | Picky Bars [Member]
Business Acquisition [Line Items]
Business acquisition, date of agreement				May 3, 2021
Common Stock [Member] | Picky Bars [Member] | Definitive Agreement [Member]
Business Acquisition [Line Items]
Number of shares issued	53,133

Business Combinations - Schedul

Business Combinations - Schedule of Proforma Information Related To Business Combination (Detail) - Picky Bars [Member] - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Business Acquisition [Line Items]
Net Sales	$ 10,865,914	$ 8,541,642	$ 29,191,720	$ 21,481,374
Net Loss	$ (5,351,698)	$ (4,191,245)	$ (16,712,048)	$ (10,389,402)

Prepaid Expenses and Other Cu_3

Prepaid Expenses and Other Current Assets - Schedule of Prepaid Expenses and Other Current Assets (Detail) - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Prepaid Expense and Other Assets, Current [Abstract]
Prepaid insurance	$ 84,560	$ 1,446,189
Prepaid inventory	874,272	958,166
Prepaid subscriptions and license fees	379,822	225,567
Prepaid, other	206,465	152,323
Prepaid consulting		13,963
Prepaid advertising	23,203
Other current assets	378,422	51,111
Total prepaid and other assets	1,946,744	2,847,319
Reserve for prepaid inventory	(179,000)
Prepaid and other assets, net	$ 1,767,744	$ 2,847,319

Investment securities - Schedul

Investment securities - Schedule of Investment Securities (Detail) - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Debt Securities, Available-for-sale [Line Items]
Amortized cost	$ 8,696,093	$ 8,692,637
Estimated fair value	8,688,251	8,706,844
Investment Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized cost	8,696,093	8,692,637
Gross unrealized gains	0	14,207
Gross unrealized losses	(7,842)	0
Estimated fair value	8,688,251	8,706,844
Federal agency bonds — mortgage-backed
Debt Securities, Available-for-sale [Line Items]
Amortized cost	8,696,093	8,692,637
Gross unrealized gains	0	14,207
Gross unrealized losses	(7,842)	0
Estimated fair value	$ 8,688,251	$ 8,706,844

Investment securities - Sched_2

Investment securities - Schedule of Amortized Cost and Estimated Fair Value of Investment Securities (Detail) - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Investments, Debt and Equity Securities [Abstract]
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after One Year Through Five Years	$ 8,696,093	$ 8,692,637
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after One Year Through Five Years, Fair Value	8,688,251	8,706,844
Debt Securities, Available-for-sale, Amortized Cost, Total	8,696,093	8,692,637
Debt Securities, Available-for-sale, Total	$ 8,688,251	$ 8,706,844

Investment securities - Additio

Investment securities - Additional Information (Detail) - Available-for-sale Securities [Member] - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Schedule of Investments [Line Items]
Fair value of investment securities pledged	$ 8,688,251		$ 8,688,251		$ 8,706,844
Proceeds from sale and maturity of debt securities, available-for-sale	$ 0	$ 4,475,000	$ 0	$ 4,475,000
Debt securities available for sale realised gain loss excluding temporary impairment		$ 6,250		$ 13,927

Fair Value Measurements - Summa

Fair Value Measurements - Summarize Assets Subject To Fair Value Measurements (Detail) - Federal agency bonds — mortgage-backed - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets, Fair Value Disclosure	$ 0	$ 0
Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets, Fair Value Disclosure	8,688,251	8,706,844
Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets, Fair Value Disclosure	$ 0	$ 0

Revolving Lines of Credit - Add

Revolving Lines of Credit - Additional Information (Detail) - USD ($)	Sep. 02, 2021	Sep. 30, 2021	Dec. 31, 2020
Maximum [Member]
Line of Credit Facility [Line Items]
Percentage of outstanding capital stock eligible to issued to directors officers pursuant to plan		5.00%
Wells Fargo Bank [Member] | Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of credit maximum borrowing capacity	$ 9,500,000	$ 9,500,000
Line of credit facility interest rate description	Secured Overnight Financing Rate (“SOFR”) plus 1.5% per annum
Line of credit facility maturity date	Aug. 31, 2022
Wells Fargo Bank [Member] | Revolving Credit Facility [Member] | Secured Overnight Financing Rate [Member]
Line of Credit Facility [Line Items]
Line of credit facility interest rate description	SOFR plus 1.5% per annum
Debt instrument variable interest rate spread	1.50%
First Interstate Bank [Member] | Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of credit maximum borrowing capacity		$ 5,000,000
Line of credit facility interest rate description		LIBOR plus 2.0%
Debt instrument variable interest rate spread		2.00%
Line of credit net of current portion			$ 0
Line of credit facility maturity date		Sep. 23, 2021
East Asset Management LLC [Member]
Line of Credit Facility [Line Items]
Percentage of equity offerings eligible to be subscribed for by the lender		20.00%
Percentage of outstanding capital stock eligible to issued pursuant to mergers equipment loan financing		10.00%
East Asset Management LLC [Member] | Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of credit net of current portion		$ 0	0
Line of credit facility maturity date		Aug. 10, 2022
Line of credit interest rate in the event of default		15.00%
East Asset Management LLC [Member] | Revolving Credit Facility [Member] | Interest Rate In The Event Of Default [Member]
Line of Credit Facility [Line Items]
Line of credit interest rate in the event of default		20.00%
East Asset Management LLC [Member] | Revolving Credit Facility [Member] | Eligible Accounts Receivable [Member]
Line of Credit Facility [Line Items]
Line of credit borrowing base percentage		90.00%
Receivables overdue period		90 days
East Asset Management LLC [Member] | Revolving Credit Facility [Member] | Inventory And Prepaid Inventory [Member]
Line of Credit Facility [Line Items]
Line of credit borrowing base percentage		90.00%
East Asset Management LLC [Member] | Revolving Credit Facility [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Line of credit maximum borrowing capacity		$ 10,000,000	10,000,000
East Asset Management LLC [Member] | Revolving Credit Facility [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Line of credit maximum borrowing capacity		3,000,000	3,000,000
East Asset Management LLC [Member] | Secondary Line Of Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of credit maximum borrowing capacity		200,000
Line of credit		$ 0	$ 0

Long-term Debt - Summary of Lon

Long-term Debt - Summary of Long-term Debt Components (Detail) - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Long-term debt [Line items]
Long-term debt	$ 51,000	$ 51,000
Forgivable loan, City of Sisters [Member]
Long-term debt [Line items]
Long-term debt	$ 51,000	$ 51,000

Long-term Debt - Additional Inf

Long-term Debt - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2021	May 30, 2020Employees	May 30, 2017USD ($)
Long-term debt [Line items]
Debt instrument face amount			$ 51,000
Forgivable loan, City of Sisters [Member]
Long-term debt [Line items]
Number of employees | Employees		30
Salary payable to each employee			$ 40,000
Period of moratorium	3 years
Line of credit facility fixed rate of interest			8.00%

Property and Equipment, Net - S

Property and Equipment, Net - Summary of Property and Equipment, Net (Detail) - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 5,459,469	$ 4,407,853
Accumulated depreciation	(1,320,270)	(894,365)
Property and equipment, net	4,139,199	3,513,488
Factory equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	3,113,159	2,668,839
Land [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	947,394	947,394
Furniture and office equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	584,354	532,116
Leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	509,450	259,504
Construction in progress [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 305,112	$ 0

Property and Equipment, Net - A

Property and Equipment, Net - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Property, Plant and Equipment [Abstract]
Depreciation	$ 152,139	$ 114,878	$ 454,400	$ 344,162

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets, Net - Summary of Intangible Assets (Detail) - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 5,103,353	$ 31,807
Accumulated amortization	(270,393)	(26,815)
Intangible assets, net	4,832,960
Indefinitely lived intangible assets excluding goodwill	132,100	132,100
Total Intangible assets, net	4,965,060	137,092
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	2,530,000
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	1,990,000
Recipes [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	330,000
Social Media Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	80,000
Licensing agreements
Finite-Lived Intangible Assets [Line Items]
Intangible assets, net	4,832,960	4,992
Software [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 173,353	$ 31,807

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets, Net - Summary of Intangible Assets (Parenthetical) (Detail)	9 Months Ended
	Sep. 30, 2021
Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives of finite lived intangible assets	15 years
Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives of finite lived intangible assets	3 years
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives of finite lived intangible assets	10 years
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives of finite lived intangible assets	10 years
Recipes [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives of finite lived intangible assets	10 years
Social Media Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives of finite lived intangible assets	3 years
Software [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives of finite lived intangible assets	15 years
Software [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives of finite lived intangible assets	3 years

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets, Net - Summary of Future Amortization Expense of the Intangible Assets (Detail)	Sep. 30, 2021USD ($)
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2021	$ 140,441
2022	560,205
2023	558,968
2024	503,697
2025	485,120
Thereafter	2,584,529
Intangible assets, net	$ 4,832,960

Goodwill and Intangible Asset_6

Goodwill and Intangible Assets, Net - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Goodwill [Line Items]
Goodwill	$ 6,486,000		$ 6,486,000		$ 0
Percentage of fair value of reporting unit in excess of carrying amount.	50.00%		50.00%
Amortization expense	$ 139,775	$ 2,552	$ 243,578	$ 7,599
Finite-Lived Intangible Assets, Amortization Method			straight-line method
Minimum [Member]
Goodwill [Line Items]
Useful Life			3 years
Maximum [Member]
Goodwill [Line Items]
Useful Life			15 years
Weighted Average [Member]
Goodwill [Line Items]
Useful Life			9 years 3 months 18 days

Commitments and Contingencies -

Commitments and Contingencies - Detailed About Contractual Obligations and Commitments with Definitive Payment Terms (Detail)	Sep. 30, 2021USD ($)
Schedule of contractual obligations and commitments [Line Items]
Operating Leases, 2021	$ 59,711
Operating Leases, 2022	243,236
Operating Leases, 2023	250,534
Operating Leases, 2024	258,049
Operating Leases, 2025	265,791
Operating Leases, Thereafter	860,498
Operating Leases	1,937,820
Note Payable, 2021	51,000
Note Payable, 2022	0
Note Payable, 2023	0
Note Payable, 2024	0
Note Payable, 2025	0
Note Payable, Thereafter	0
Note Payable	51,000
Total, 2021	110,711
Total, 2022	243,236
Total, 2023	250,534
Total, 2024	258,049
Total, 2025	265,791
Total, Therafter	860,498
Total	$ 1,988,820

Commitments and Contingencies_2

Commitments and Contingencies - Additional Information (Detail) - USD ($)

Sep. 02, 2021

Jan. 01, 2021

Jul. 01, 2019

May 26, 2019

Dec. 20, 2018

Nov. 20, 2018

Apr. 15, 2018

Mar. 01, 2018

Sep. 30, 2021

Sep. 30, 2020

Sep. 30, 2021

Sep. 30, 2020

Dec. 31, 2019

Income Tax Contingency [Line Items]

Operating lease rent expenses

$ 285,096

$ 213,532

$ 816,051

$ 589,196

Wells Fargo Bank [Member] | Revolving Credit Facility [Member]

Income Tax Contingency [Line Items]

Line of credit maximum borrowing capacity

$ 9,500,000

$ 9,500,000

$ 9,500,000

Line of credit facility maturity date

Aug. 31, 2022

Line of credit facility interest rate description

Secured Overnight Financing Rate (“SOFR”) plus 1.5% per annum

Wells Fargo Bank [Member] | Revolving Credit Facility [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]

Income Tax Contingency [Line Items]

Line of credit facility interest rate description

SOFR plus 1.5% per annum

Debt instrument variable interest rate spread

1.50%

RII Lundgren Mill LLC [Member] | Commercial Lease Agreement [Member]

Income Tax Contingency [Line Items]

Operating lease income

$ 12,784

$ 6,475

Percentage increase in lease payments

3.00%

3.00%

Reimbursement of expenses

$ 797,471

Stock option issued

2,000

Shares issued per share

$ 7.50

Reimbursement of Initial expenses

$ 1,202,529

Reimbursement of final expenses

$ 1,399,001

PRW Princeville Development Company LLC [Member] | Hanalei [Member]

Income Tax Contingency [Line Items]

Operating lease income

$ 1,000

PRW Princeville Development Company LLC [Member] | Agricultural License Agreement [Member]

Income Tax Contingency [Line Items]

Operating lease income

$ 1,000

PX2 LLC [Member]

Income Tax Contingency [Line Items]

Operating lease rent expenses

$ 1,000

Lease Expiration Date

Dec. 31, 2021

Deferred Tax Assets and Liabi_3

Deferred Tax Assets and Liabilities - Schedule of Deferred Tax Assets and Liabilities (Detail) - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Noncurrent deferred tax assets:
Net operating loss carryforwards	$ 12,472,767	$ 7,444,857
Property and equipment	594,910	671,562
Research and development credits	135,783	106,526
Accrued expenses	70,024	75,702
Charitable contributions	37,284
Unexercised options	47,681
Total noncurrent deferred tax assets	13,358,449	8,298,647
Noncurrent deferred tax liabilities:
Deferred rent asset	662,495	735,537
Intangible assets	86,495
Total noncurrent deferred tax liabilities	748,990	735,537
Net noncurrent deferred tax assets	12,609,459	7,563,110
Valuation allowance	(12,695,954)	(7,563,110)
Total net noncurrent deferred tax liabilities	$ 86,495

Deferred Tax Assets and Liabi_4

Deferred Tax Assets and Liabilities - Additional Information (Detail) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2021	Dec. 31, 2020
Deferred Income Tax Assets And Liabilities [Line Items]
Net increase decrease in the valuation allowance for defered tax assets and liabilities	$ 1,457,012	$ 5,132,844
Federal net operating losses	43,350,868	43,350,868	$ 27,528,486
Unrecorded Tax Liabilities	0	0	0
Deferred tax expense		86,495
Picky Bars [Member]
Deferred Income Tax Assets And Liabilities [Line Items]
Deferred tax liabilities, Goodwill	86,495	$ 86,495
Domestic Tax Authority [Member] | Minimum [Member]
Deferred Income Tax Assets And Liabilities [Line Items]
Statute Of Limitations Period		3 years
State and Local Jurisdiction [Member] | Maximum [Member]
Deferred Income Tax Assets And Liabilities [Line Items]
Statute Of Limitations Period		5 years
Tax Year Two Thousand And Thirty Six [Member]
Deferred Income Tax Assets And Liabilities [Line Items]
Federal net operating losses	1,868,077	$ 1,868,077
Federal net operating losses limitations on usage		20 years
Indefinitely [Member]
Deferred Income Tax Assets And Liabilities [Line Items]
Federal net operating losses	$ 41,482,791	$ 41,482,791	$ 25,660,409
Federal net operating losses limitations on usage		indefinitely

Stock Incentive Plan - Schedule

Stock Incentive Plan - Schedule Of Share Based Compensation Stock Options and Restricted Stock Activity (Detail) - USD ($)	3 Months Ended	9 Months Ended		12 Months Ended
	Sep. 30, 2021	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020	Dec. 31, 2019
Schedule Of Share Based Compensation Stock Options and Restricted Stock Activity [Line Items]
Balance at the beginning, Options Activity		887,640	788,528	788,528
Stock option units	1,658	56,541	164,078
Exercised/released, Options Activity		(61,119)	(11,314)
Cancelled/forfeited, Options Activity		(82,833)	(45,532)
Balance at the end, Options Activity	800,229	800,229	895,760	887,640	788,528
Exercisable, Options Activity	580,601	580,601	508,382
Balance at the beginning, Weighted Average Exercise Price (per share)		$ 9.65	$ 8.42	$ 8.42
Granted, Weighted Average Exercise Price (per share)		41.03	14.12
Exercised/released, Weighted Average Exercise Price (per share)		8.21	10.59
Cancelled/forfeited, Weighted Average Exercise Price (per share)		15.79	11.37
Balance at the end, Weighted Average Exercise Price (per share)	$ 11.41	11.41	8.94	$ 9.65	$ 8.42
Exercisable, Weighted Average Exercise Price (per share)	$ 7.92	$ 7.92	$ 6.82
Weighted Average Remaining Contractual Term (years)		6 years 9 months 29 days	6 years 11 months 26 days	6 years 5 months 1 day	7 years 2 months 1 day
Exercisable, Weighted Average Remaining Contractual Term (years)		6 years 3 months 7 days	5 years 5 months 8 days
Aggregate intrinsic value	$ 6,135,017	$ 6,135,017	$ 34,313,763	$ 33,433,274	$ 4,799,381
Exercisable, Aggregate intrinsic value	$ 11,077,867	$ 11,077,867	$ 19,851,163

Stock Incentive Plan - Summary

Stock Incentive Plan - Summary of Assumptions Used in Black-Scholes Option-Pricing Model to Determine Grant-Date Fair Value of Stock Option Granted (Detail) - USD ($)	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Abstract]
Weighted-average expected volatility	52.12%	70.18%
Weighted-average expected term (years)	6 years 2 months 23 days	6 years 2 months 23 days
Weighted-average expected risk-free interest rate	0.72%	0.70%
Dividend yield	0.00%	0.00%
Weighted-average fair value of options granted	$ 20.78	$ 17.22

Stock Incentive Plan - Addition

Stock Incentive Plan - Additional Information (Detail)	May 01, 2021USD ($)	Sep. 30, 2021USD ($)shares	Jun. 30, 2021USD ($)	Mar. 31, 2021USD ($)	Sep. 30, 2020USD ($)	Jun. 30, 2020USD ($)	Sep. 30, 2021USD ($)Employeesshares	Sep. 30, 2020USD ($)shares	Dec. 31, 2020USD ($)shares	Sep. 22, 2020shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Compensation Cost Related to Non-Vested Stock Option		$ 911,467			$ 290,148		$ 2,766,071	$ 589,600
Unrecognised share based compensation expense		2,672,840					$ 2,672,840		$ 1,613,520
Shares issued during the period restricted stock awards net of forfeitures,value		$ 28	$ 3			$ 62,431
Weighted-average vesting period							2 years 2 months 19 days
Common stock, shares authorized | shares		100,000,000					100,000,000		100,000,000
Payroll taxes withheld from stock based compensation		$ 1	$ 30,363	$ 188,793	0		$ 219,157	$ 0
Stock option units | shares		1,658					56,541	164,078
Stock-Based Compensation Expense		$ 191,889					$ 654,929
Stock-Based Compensation					337,822			$ 677,485
Three Months From The Date Of Termnation Of Employment With The Company [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation by share based payment arrangement options period of expiry							3 months
One Year From The Date Of Termination From The Company Due To Death [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation by share based payment arrangement options period of expiry							1 year
Five Year From The Grant Date In Respect Of Equity Holders Holding Ten Percent Or More Of The Capital Stock Of The Company [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation by share based payment arrangement options period of expiry							10 years
Stock Incentive Plan Two Thousand And Twenty [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Compensation Cost Related to Non-Vested Stock Option		1,042,440			$ 833,199		$ 3,142,517	$ 1,235,293
Unrecognised share based compensation expense		1,647,860					$ 1,647,860		$ 1,990,834
Weighted-average vesting period							2 years 2 months 15 days
Common stock, shares authorized | shares										1,355,715
Stock Incentive Plan Two Thousand And Twenty [Member] | Performance Based Restricted Stock Unit Agreement [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Compensation Cost Related to Non-Vested Stock Option		399,490					$ 1,293,055
Unrecognised share based compensation expense		$ 2,391,226					$ 2,391,226		$ 0
Shares issued during the period restricted stock awards net of forfeitures,shares | shares		0					189,608
Number of employees to whom the restricted stock was granted | Employees							8
Weighted-average vesting period							2 years 4 months 2 days
Divindend rate		0.00%					0.00%
Stock Incentive Plan Two Thousand And Twenty [Member] | Restricted Stock Units Under 2021 Agreement [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued during the period restricted stock awards net of forfeitures,shares | shares		42,662					88,407
Shares issued during the period restricted stock awards net of forfeitures,value		$ 438,542					$ 1,166,871
Number of employees to whom the restricted stock was granted | Employees							147
Stock Incentive Plan Two Thousand And Twenty [Member] | Market Based Restricted Stock Unit Agreement [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation arrangement by share based payment vesting period							30 days
Employee Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Compensation Cost Related to Non-Vested Stock Option		$ 12,519					$ 27,662
Purchase price of common stock, percent to its market value	85.00%
Stock issued during period, value, employee stock purchase plan	$ 5,079

Preferred Stock - Additional In

Preferred Stock - Additional Information (Detail) - USD ($)	Sep. 25, 2020	May 26, 2020	Apr. 13, 2020	Nov. 18, 2019	Nov. 19, 2018	Dec. 31, 2018	Jun. 30, 2021	Sep. 30, 2020	Mar. 31, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2020
Temporary equity shares outstanding										0				0
Temporary equity shares authorized										5,000,000				5,000,000
Temporary equity par or stated value per share										$ 0.001				$ 0.001
Temporary equity shares issued										0				0
Proceeds from temporary equity										$ 0	$ 10,000,006
Payment for repurchases of common stock										$ 0	$ 20,532
Temporary Equity, Par or Stated Value Per Share										$ 0.001				$ 0.001
Warrants or rights issued			$ 10,000,000
Warrants or rights issued, price per share			$ 0.005
Risk free interest rate										0.72%	0.70%
Expected volatility rate										52.12%	70.18%
Stock issued							$ 1,834,857	$ 64,106,812	$ 1,997,665
IPO [Member]
Stock issued during the period shares	3,047,500
Sale of stock price per share	$ 22
Private Placement [Member]
Sale of stock price per share										$ 22
Private Placement [Member] | Dano Manifesto Ventures PBC [Member]
Stock issued during the period shares		90,910
Sale of stock price per share		$ 22
Stock issued										$ 2,000,020
Series A One Redeemable Convertible Preferred Stock [Member]
Temporary equity shares outstanding	162,340
Stock shares issued during the period on conversion of convertible securities	324,680
Series A Two Redeemable Convertible Preferred Stock [Member]
Temporary equity shares outstanding	152,253
Stock shares issued during the period on conversion of convertible securities	304,506
Series B One Redeemable Convertible Preferred Stock [Member]
Temporary equity shares outstanding	383,142
Stock shares issued during the period on conversion of convertible securities	766,284
Series A-1 and A-2 Preferred Stock
Temporary equity issued during the year value						$ 7,000,000
Series A-1 Preferred Stock
Payment for repurchases of common stock				$ 10,000,000
Preferred Stock, Value, Issued				$ 14,999,901
Share Price				$ 24.63
Temporary equity gain loss on repurchase												$ 7,448,879
Stock Repurchase Program, Number of Shares Authorized to be Repurchased				609,013
Stock Repurchase Program, Remaining Authorized Repurchase Amount				$ 7,500,000
Stock repurchase price per share				$ 12.32
Series A-1 Preferred Stock | Private Placement [Member]
Commitment to raise temporary equity from investor					$ 25,000,000
Commitment to raise capital temporary equity from investor					25,000,000
Temporary equity issued during the year value					25,000,000
Series A-1 Preferred Stock | Private Placement [Member] | Tranche One [Member]
Commitment to raise temporary equity from investor					15,000,000
Proceeds from temporary equity					15,000,000
Commitment to raise capital temporary equity from investor					15,000,000
Series A-1 Preferred Stock | Private Placement [Member] | Tranche Two [Member]
Commitment to raise temporary equity from investor					10,000,000
Commitment to raise capital temporary equity from investor					$ 10,000,000
Series A-2 Preferred Stock
Temporary equity discount percentage						20.00%							20.00%
Adjustment to additional paid in capital deemed dividend on temporary equity													$ 673,133
Series B-1 and B-2 Preferred Stock | Private Placement [Member]
Temporary equity par or stated value per share			$ 26.10
Temporary equity issued during the year value			$ 10,000,006
Preferred stock issuances, shares			383,142
Temporary Equity, Par or Stated Value Per Share			$ 26.10
Series B-1 Preferred Stock
Fair value of warrants issued			$ 899,617
Risk free interest rate			0.17%
Dividend, warrants			$ 0
Expected volatility rate			65.00%
Expected warrant life, term			9 months
Increase to additional paid-in-capital and a preferred stock, warrants			$ 825,366
Expected timing of warrants amortized, term										11 months 15 days

Earnings per Share - Summary of

Earnings per Share - Summary of Earnings Per Share (Detail) - USD ($)	3 Months Ended						9 Months Ended
	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2021	Sep. 30, 2020
Earnings Per Share [Abstract]
Net loss	$ (5,351,698)	$ (6,302,259)	$ (5,330,504)	$ (3,355,084)	$ (3,006,390)	$ (1,995,230)	$ (16,984,461)	$ (8,356,704)
Less deemed dividend of beneficial conversion feature	0			0			0	(825,366)
Less deemed dividend on warrant discount	0			(645,939)			0	(825,366)
Net loss attributable to Laird Superfood, Inc. common stockholders	$ (5,351,698)			$ (4,001,023)			$ (16,984,461)	$ (10,007,436)
Weighted average shares outstanding- basic	9,001,912			4,672,041			8,954,875	4,427,114
Dilutive securities	$ 0			$ 0			$ 0	$ 0
Weighted average shares outstanding- diluted	9,001,912			4,672,041			8,954,875	4,427,114
Common stock options and restricted stock awards excluded due to anti-dilutive effect	907,085			883,260			907,085	883,260
Basic and diluted:
Net loss per share (basic)	$ (0.59)			$ (0.86)			$ (1.90)	$ (2.26)
Net loss per share (diluted)	$ (0.59)			$ (0.86)			$ (1.90)	$ (2.26)

Concentrations - Additional Inf

Concentrations - Additional Information (Detail)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2021USD ($)SuppliersCustomer	Sep. 30, 2020USD ($)CustomerSuppliers	Sep. 30, 2021USD ($)CustomerVendorsSuppliers	Sep. 30, 2020USD ($)SuppliersCustomer	Dec. 31, 2020VendorsCustomer
Customer Concentration Risk [Member] | Accounts Receivable [Member] | One Customer [Member]
Concentration Risk [Line Items]
Receivables from customer | $	$ 285,342		$ 285,342
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Three Customers [Member]
Concentration Risk [Line Items]
Concentration risk, percentage			53.00%		70.00%
Number of customers			3		3
Receivables from customer | $		$ 500,769		$ 500,769
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | One Customer [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	19.00%		28.00%	25.00%
Number of customers	1		1	1
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Three Customers [Member]
Concentration Risk [Line Items]
Concentration risk, percentage		46.00%
Number of customers		3
Vendors Concentration Risk [Member] | Liabilities, Total [Member] | Accounts Payable [Member]
Concentration Risk [Line Items]
Concentration risk, percentage			45.00%		43.00%
Number of vendors | Vendors			1		4
Supplier Concentration Risk [Member] | Cost of Goods and Service Benchmark [Member] | Sri Lanka [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	67.00%	63.00%	64.00%	59.00%
Supplier Concentration Risk [Member] | Cost of Goods and Service Benchmark [Member] | Products [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	41.00%	60.00%	47.00%	38.00%
Number of supplier | Suppliers	1	3	1	1

Related Party - Additional Info

Related Party - Additional Information (Detail) - USD ($)	May 26, 2020	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Related Party Transaction [Line Items]
Cash Received		$ 122,695		$ 122,695		$ 234,184
Marketing Expense		$ 1,131,023	$ 312,402	3,079,181	$ 883,286
Covid nineteen [Member]
Related Party Transaction [Line Items]
Cash Received						$ 298,103
Private Placement [Member]
Related Party Transaction [Line Items]
Stock issued during the period value for services received				$ 2,000,020
Sale of stock price per share		$ 22		$ 22
Private Placement [Member] | Dano Manifesto Ventures PBC [Member]
Related Party Transaction [Line Items]
Stock issued during the period value for services received	$ 2,000,020
Sale of stock price per share	$ 22
Stock issued during the period shares	90,910
Laird Hamilton and Gabrielle Riece [Member] | License and Preservation Amendment Agreement [Member]
Related Party Transaction [Line Items]
Additional term of the license agreement		10 years		10 years
Laird Hamilton and Gabrielle Riece [Member] | License and Preservation Amendment Agreement [Member] | Maximum [Member]
Related Party Transaction [Line Items]
Additional term of the license agreement		100 years
Lauren Thomas [Member] | Social Media Agreements [Member]
Related Party Transaction [Line Items]
Marketing Expense				$ 40,000
Stephanie Bruce [Member] | Social Media Agreements [Member]
Related Party Transaction [Line Items]
Marketing Expense				40,000
Paul Hodge [Member] | Asset Purchase Agreement [ Member]
Related Party Transaction [Line Items]
Asset Purchase		$ 1,000		$ 1,000

Revenue Recognition - Summary O

Revenue Recognition - Summary Of Disaggregation Of Revenue Based On Products Sold (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 10,865,914	$ 7,490,642	$ 27,443,394	$ 18,498,497
Coffee Creamers [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	6,489,895	5,261,175	16,590,542	13,285,967
Hydration and Beverage Enhancing Supplements [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	1,330,906	1,037,517	3,907,111	2,877,694
Coffee Tea and Hot Chocolate Products [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	1,724,919	2,153,702	5,286,882	4,116,891
Harvest Snacks And Other Food Items [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	1,866,709		3,353,178
Other [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	452,002	159,906	987,076	378,318
Gross Sales [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	11,864,431	8,612,300	30,124,789	20,658,870
Shipping income [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	195,085	25,737	261,495	221,082
Returns and discount [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ (1,193,602)	$ (1,147,395)	$ (2,942,890)	$ (2,381,455)
Product Concentration Risk [Member] | Revenue, Product and Service Benchmark [Member]
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage	100.00%	100.00%	100.00%	100.00%
Product Concentration Risk [Member] | Revenue, Product and Service Benchmark [Member] | Coffee Creamers [Member]
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage	60.00%	70.00%	60.00%	72.00%
Product Concentration Risk [Member] | Revenue, Product and Service Benchmark [Member] | Hydration and Beverage Enhancing Supplements [Member]
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage	12.00%	14.00%	14.00%	16.00%
Product Concentration Risk [Member] | Revenue, Product and Service Benchmark [Member] | Coffee Tea and Hot Chocolate Products [Member]
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage	16.00%	29.00%	19.00%	22.00%
Product Concentration Risk [Member] | Revenue, Product and Service Benchmark [Member] | Harvest Snacks And Other Food Items [Member]
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage	17.00%	0.00%	12.00%	0.00%
Product Concentration Risk [Member] | Revenue, Product and Service Benchmark [Member] | Other [Member]
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage	4.00%	2.00%	4.00%	2.00%
Product Concentration Risk [Member] | Revenue, Product and Service Benchmark [Member] | Gross Sales [Member]
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage	109.00%	115.00%	110.00%	112.00%
Product Concentration Risk [Member] | Revenue, Product and Service Benchmark [Member] | Shipping income [Member]
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage	2.00%	0.00%	1.00%	1.00%
Product Concentration Risk [Member] | Revenue, Product and Service Benchmark [Member] | Returns and discount [Member]
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage	(11.00%)	(15.00%)	(11.00%)	(13.00%)

Revenue Recognition - Summary_2

Revenue Recognition - Summary Of Disaggregation Of Revenue Based On Channels (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Disaggregation Of Revenue Based On Channels [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 10,865,914	$ 7,490,642	$ 27,443,394	$ 18,498,497
Online [Member]
Disaggregation Of Revenue Based On Channels [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	6,331,003	3,713,773	16,492,513	10,049,039
Wholesale [Member]
Disaggregation Of Revenue Based On Channels [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	4,415,867	3,650,854	10,529,593	8,117,655
Food Service [Member]
Disaggregation Of Revenue Based On Channels [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 119,044	$ 126,015	$ 421,288	$ 331,803
Channels Concentration Risk [Member] | Revenue, Segment Benchmark [Member]
Disaggregation Of Revenue Based On Channels [Line Items]
Concentration risk, percentage	100.00%	100.00%	100.00%	100.00%
Channels Concentration Risk [Member] | Revenue, Segment Benchmark [Member] | Online [Member]
Disaggregation Of Revenue Based On Channels [Line Items]
Concentration risk, percentage	58.00%	50.00%	60.00%	54.00%
Channels Concentration Risk [Member] | Revenue, Segment Benchmark [Member] | Wholesale [Member]
Disaggregation Of Revenue Based On Channels [Line Items]
Concentration risk, percentage	41.00%	49.00%	38.00%	44.00%
Channels Concentration Risk [Member] | Revenue, Segment Benchmark [Member] | Food Service [Member]
Disaggregation Of Revenue Based On Channels [Line Items]
Concentration risk, percentage	1.00%	1.00%	2.00%	2.00%

Revenue Recognition - Additiona

Revenue Recognition - Additional information (Detail) - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Accounts receivable, net	$ 956,870	$ 839,659
Accrued Liabilities [Member]
Contract liability	224,858	132,280
Refund Liability	33,239	28,968
Inventory Finished Goods [Member]
Contract assets	$ 1,410	$ 0