Laird Superfood (LSF) 10-Q 12 May 22 2022 Q1 Quarterly report Financial data

Cover Page

Cover Page	3 Months Ended
	Mar. 31, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
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

BALANCE SHEET

BALANCE SHEET - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 27,273,406	$ 23,049,234
Accounts receivable, net	1,261,562	1,268,718
Investment securities available-for-sale	0	8,635,077
Inventory	9,856,396	10,221,343
Prepaid expenses and other current assets, net	3,034,114	3,827,543
Deposits	300,662	679,919
Total current assets	41,726,140	47,681,834
Noncurrent assets
Property and equipment, net	4,497,115	4,512,935
Land held for sale	947,394	0
Intangible assets, net	3,157,372	4,838,854
Goodwill	0	6,486,000
Right of use asset	7,398,534	2,327,752
Total noncurrent assets	16,000,415	18,165,541
Total assets	57,726,555	65,847,375
Current liabilities
Accounts payable	965,923	888,768
Payroll liabilities	1,388,460	814,163
Accrued expenses	2,221,910	2,083,090
Lease liability, current portion	742,376	0
Total current liabilities	5,318,669	3,786,021
Long-term liabilities
Deferred tax liability, net	0	7,534
Lease liability	4,407,408	0
Total long-term liabilities	4,407,408	7,534
Total liabilities	9,726,077	3,793,555
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	9,101	9,095
Additional paid-in capital	117,928,493	117,903,455
Accumulated other comprehensive income (loss)	0	(61,016)
Accumulated deficit	(69,937,116)	(55,797,714)
Total stockholders' equity	48,000,478	62,053,820
Total liabilities and stockholders' equity	$ 57,726,555	$ 65,847,375

BALANCE SHEET (Parenthetical)

BALANCE SHEET (Parenthetical) - $ / shares	Mar. 31, 2022	Dec. 31, 2021
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	9,467,157	9,460,243
Common stock shares outstanding	9,101,453	9,094,539

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Net Income (Loss) Available to Common Stockholders, Basic [Abstract]
Sales, net	$ 9,340,013	$ 7,396,895
Cost of goods sold	(7,390,203)	(5,559,499)
Gross profit	1,949,810	1,837,396
General and administrative
Salaries, wages and benefits	1,652,011	1,220,756
Stock-based compensation	(54,495)	899,235
Professional fees	710,125	343,622
Insurance expense	611,934	522,399
Impairment of goodwill	6,486,000	0
Impairment of long-lived intangible assets	1,540,000	0
Other expense	883,069	657,382
Total general and administrative expenses	11,828,644	3,643,394
Research and product development
Total research and product development expenses	103,833	240,687
Sales and marketing
Salaries, wages and benefits	735,025	633,751
Stock-based compensation	58,235	41,389
Advertising	1,791,737	1,661,644
General marketing	1,062,645	700,864
Other expense	323,998	260,072
Total sales and marketing expenses	3,971,640	3,297,720
Total expenses	15,904,117	7,181,801
Operating loss	(13,954,307)	(5,344,405)
Other income
Interest and dividend income	4,908	13,901
Loss on sale of available-for-sale debt securities	(182,310)	0
Other expense	(1,919)	0
Total other income (expense)	(179,321)	13,901
Loss before income taxes	(14,133,628)	(5,330,504)
Reported income tax (benefit) expense	5,774	0
Net loss	$ (14,139,402)	$ (5,330,504)
Net loss per share attributable to Laird Superfood, Inc common stockholders:
Basic	$ (1.55)	$ (0.60)
Diluted	$ (1.55)	$ (0.60)
Weighted-average shares of common stock outstanding used in computing net loss per share of common stock, basic and diluted	9,095,441	8,894,495

STATEMENTS OF COMPREHENSIVE LOS

STATEMENTS OF COMPREHENSIVE LOSS - USD ($)		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021
Statement of Comprehensive Income [Abstract]
Net loss		$ (14,139,402)	$ (5,330,504)
Other comprehensive income (loss), net of tax
Change in unrealized gains (losses) on investment securities available-for-sale , net of tax	[1]	0	(20,290)
Amounts reclassified from accumulated other comprehensive loss		61,016
Total other comprehensive income (loss)		61,016	(20,290)
Comprehensive loss		$ (14,078,386)	$ (5,350,794)
[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	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Accumulated Deficit [Member]
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	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)
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
Stockholders' Equity, Balance Begining at Dec. 31, 2021	62,053,820	$ 9,095	117,903,455	(61,016)	(55,797,714)
Stockholders' Equity, Balance Begining, Shares at Dec. 31, 2021		9,094,539
Stock-based compensation	10,796		10,796
Less: Withholding tax payments for share-based compensation	0
Stock option exercises	$ 14,248	$ 1	14,247
Stock option exercises, Shares	1,750	1,750
Restricted stock awards		$ 5	(5)
Restricted stock awards, Shares		5,164
Other comprehensive income, net of tax	$ 61,016			61,016
Net loss	(14,139,402)				(14,139,402)
Stockholders' Equity, Balance Ending at Mar. 31, 2022	$ 48,000,478	$ 9,101	$ 117,928,493	$ 0	$ (69,937,116)
Stockholders' Equity, Balance Ending, Shares at Mar. 31, 2022		9,101,453

STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows from operating activities
Net loss	$ (14,139,402)	$ (5,330,504)
Adjustments to reconcile net loss to net cash from operating activities:
Depreciation	142,819	131,333
Amortization	141,482	5,270
Loss on disposal of equipment		2,325
Stock-based compensation	10,796	1,010,003
Provision for inventory obsolescence	18,706	102,604
Provision for doubtful accounts	64,168	0
Impairment of goodwill	6,486,000	0
Impairment of long-lived intangible assets	1,540,000	0
Deferred taxes	(7,534)	0
Loss on sale of investment securities available-for-sale	182,310	0
Noncash lease costs	263,562
Changes in operating assets and liabilities:
Accounts receivable	(57,012)	65,535
Inventory	346,241	(1,500,686)
Prepaid expenses and other current assets	793,429	(55,465)
Operating lease liability	(184,560)	90,054
Deposits	6,750	(391,149)
Accounts payable	77,155	284,681
Payroll liabilities	574,297	289,308
Accrued expenses	138,820	153,306
Net cash from operating activities	(3,601,973)	(5,143,385)
Cash flows from investing activities
Purchase of property, plant, and equipment	(701,886)	(122,588)
Proceeds from sale of property, equipment, and software	0	700
Purchase of software	0	(78,200)
Proceeds from sale of investment securities available-for-sale	8,513,783	0
Net cash from investing activities	7,811,897	(200,088)
Cash flows from financing activities
Common stock issuance costs	0	(82,043)
Withholding tax payments for share based compensation	0	(188,793)
Stock options exercised	14,248	151,646
Net cash from financing activities	14,248	(119,190)
Net change in cash and cash equivalents	4,224,172	(5,462,663)
Cash and cash equivalents, beginning of period	23,049,234	57,208,080
Cash and cash equivalents, end of period	27,273,406	51,745,417
Supplemental disclosures of cash flow information
Right-of-use assets obtained in exchange for operating lease liabilities	7,616,513
Supplemental disclosures of non-cash information
Unrealized gain (loss) on available-for-sale securities	0	(20,290)
Amounts reclassified from accumulated other comprehensive loss	61,016
Purchases of equipment included in deposits at the beginning of the period	372,507	0
Property and equipment held-and-used reclassified to held-for-sale	$ 947,394

Nature of Operations and Summar

Nature of Operations and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2022
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 consolidated financial statements include the accounts of Laird Superfood, Inc. (the “Company” or “Laird Superfood” or "we"), a Delaware corporation, and its wholly owned subsidiary. 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. Basis of Accounting The unaudited consolidated financial statements include the accounts of the Company, and its wholly owned subsidiary. 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 months ended March 31, 2022 and 2021 . 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 Consolidated Financial Information In the opinion of the Company, the accompanying unaudited consolidated 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, 2021 was derived from audited annual consolidated financial statements. Operating results for the three months ended March 31, 2022 are not necessarily indicative of the results expected for the fiscal year ending December 31, 2022. The accompanying unaudited consolidated 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, 2021 . Use of Estimates The preparation of consolidated 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 include those related to the business combination, allowances for doubtful accounts and returns, inventory obsolescence, goodwill, intangible assets, valuation allowance for deferred taxes, reserves on prepaid expenses, the discount rates used in determining right of use assets and related lease liabilities, standard cost of inventory, and fair value of stock-based compensation. Principles of Consolidation These unaudited consolidated financial statements include the accounts of Laird Superfood, Inc. and its wholly owned subsidiary. All significant intercompany accounts and transactions have been eliminated in our accompanying unaudited consolidated financial statements. 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 Consolidated 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 presented on a consolidated basis 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 16 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. March 31, December 31, Cash and cash equivalents $ 27,161,606 $ 22,932,663 Restricted cash 111,800 116,571 Total cash, cash equivalents, and restricted cash shown in the $ 27,273,406 $ 23,049,234 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 months ended March 31, 2022 we contributed $ 4,771 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 March 31, 2022 and December 31, 2021 approximated $ 16,797,430 and $ 10,835,360 , respectively. 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 an allowance for doubtful accounts of $ 64,168 and $ 0 as of March 31, 2022 and December 31, 2021 , respectively. Available-for-sale Debt Securities Our investment securities consist entirely of investment-grade debt securities, all of which are classified as available-for-sale. Available-for-sale debt securities are recorded at fair value, and unrealized holding gains and losses are recorded, net of tax, as a component of accumulated other comprehensive income. Available-for-sale securities with remaining maturities of less than one year and those identified by management at the time of purchase to be used to fund operations within one year are classified as short-term. All other available-for-sale securities are classified as long-term. We evaluate our available-for-sale securities for other-than-temporary impairment on a quarterly basis. Unrealized losses are charged against net earnings when a decline in fair value is determined to be other than temporary. We review several factors to determine whether a loss is other than temporary, such as the length and extent of the fair value decline, the financial condition and near-term prospects of the issuer and whether we have the intent to sell or will more likely than not be required to sell before the securities' anticipated recovery, which may be at maturity. Realized gains and losses are accounted for using the specific identification method. Purchases and sales are recorded on a trade date basis. Inventory Inventory is stated at the lower of cost or net realizable value and consists primarily of raw materials and packaging and finished goods and include direct labor and allocable overhead. The following table presents the components of inventory as of: March 31, December 31, Raw materials and packaging $ 5,107,638 $ 4,771,671 Finished goods 4,748,758 5,449,672 Total $ 9,856,396 $ 10,221,343 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 months ended March 31, 2022, the Company recorded $ 18,706 in inventory obsolescence primarily related to the Company’s liquid creamer product line. For the three months ended March 31, 2021, the Company recorded $ 102,604 in inventory obsolescence related to the Company’s liquid creamer product line. As of March 31, 2022 and December 31, 2021, the Company had a total of $ 946,344 and $ 1,009,954 , 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 consolidated 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. For the three months ended March 31, 2022, depreciation expense was $ 142,819 . For the three months ended March 31, 2021, depreciation expense was $ 131,333 . As of March 31, 2022 and December 31, 2021, the Company had a total of $ 116,818 and $ 489,325 , respectively, of deposits for future equipment purchases, which is included in deposits on the consolidated balance sheets. Land Held for Sale Land identified by the Company which has met all criteria to be classified as held for sale is disclosed separately on the unaudited consolidated balance sheets. Land held for sale is measured at the lower of the assets carrying amount or fair value less costs to sell. There was $ 947,394 and $ 0 of land held for sale as of March 31, 2022 and December 31, 2021 . Leases We categorize leases at their inception as either operating or finance leases. Lease agreements cover office space, warehouse and distribution space, equipment, and vehicles. All of these leases are operating leases. Operating leases are included in right-of-use assets, current lease liabilities, and long-term lease liabilities in our unaudited consolidated balance sheets. Leased assets represent our right to use an underlying asset for the lease term, and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease right-of-use assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. We use a secured incremental borrowing rate as the discount rate for present value of lease payments when the rate implicit in the contract is not readily determinable. For operating leases with variable payments dependent upon an index or rate that commenced subsequent to adoption of ASU No. 2016-02, we apply the active index or rate as of the lease commencement date. Variable lease payments not based on an index or rate are not included in the operating lease liability as they cannot be reasonably estimated and are recognized in the period in which the obligation for those payments is incurred. Leases that have a term of twelve months or less upon commencement date are considered short-term in nature. Accordingly, short-term leases are not included on the consolidated balance sheets and are expensed on a straight-line basis over the lease term, which commences on the date we have the right to control the property. Revenue Recognition The Company recognizes revenue in accordance with the five-step model as prescribed by ASU 2014-09 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 ASU 2014-09, 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 16 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 and a refund liability for estimated product returns and pricing adjustments in the same period that the related revenue is recorded. These estimates will be 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 $ 1,539,213 for the three months ended March 31, 2022. Shipping and handling costs totaled $ 1,238,996 for the three months ended March 31, 2021. Income generated from shipping costs billed through to customers was included in Sales, net in the consolidated statements of operations. Shipping income totaled $ 248,192 for the three months ended March 31, 2022. Shipping income totaled $ 25,659 for the three months ended March 31, 2021 . Research and Product Development Amounts spent on research and development activities are expensed as incurred as research and product development expense on the consolidated statements of operations. Research and product development expense was $ 103,833 for the three months ended March 31, 2022. Research and product development expense was $ 240,687 for the three months ended March 31, 2021 . Advertising Advertising costs are expensed when incurred. Advertising expenses for the three months ended March 31, 2022 was $ 1,791,737 . Advertising expenses for the three months ended March 31, 2021 was $ 1,661,644 . Marketing Marketing costs are expensed when incurred. Marketing expenses for the three months ended March 31, 2022 were $ 1,062,645 . Marketing expenses for the three months ended March 31, 2021 were $ 700,864 . Income Taxes Income taxes provide for the tax effects of transactions reported in the unaudited consolidated 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), stock-based compensation, right of use assets, 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 $ 16,578,990 and $ 13,124,828 as of March 31, 2022 and December 31, 2021 , respectively. 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 months ended March 31, 2022 and 2021 . Stock Incentive Plan The compensation cost relating to share-based payment transactions is recognized in the unaudited consolidated 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 had been issued and is calculated under the treasury stock method. Due to the Company’s net loss, all stock options are anti-dilutive and excluded. 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 consolidated balance sheets as of March 31, 2022 and December 31, 2021 , 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 15 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 consolidated balance sheets as of March 31, 2022 and December 31, 2021 , 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 15 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 value of the 2020 License was not less than the carrying amount; therefore, the Company recognized no impairment for the three months ended March 31, 2022 and 2021 . 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 months ended March 31, 2022, amortization expense was $ 141,482 . For the three months ended March 31, 2021, amortization expense was $ 5,270 . The Company assesses qualitative factors each reporting period to determine whether events and circumstances exist that indicate that the fair values of the definite lived intangible assets were less than the carrying amounts. In the last month of the quarter, management had determined the sustained decline in stock price, coupled with change in market conditions, was determined to be a triggering event. Upon considering these factors, the Company determined it was more likely than not that the fair value was less than the carrying amount; therefore, the Company recognized impairment charges of $ 1,540,000 for the three months ended March 31, 2022 . There were no impairment charges in the three months ended March 31, 2021 . 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. In the last month of the quarter, management had determined the sustained decline in stock price, coupled with change in market conditions, was determined to be a triggering event. The Company performed a qualitative and quantitative analysis on the Company's goodwill for impairment concluding that the fair value of goodwill as calculated using a discounted cash flow model exceeds the carrying value, indicating that goodwill is impaired. As such, the Company recorded a goodwill impairment of $ 6,486,000 . 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 months ended March 31, 2022 and 2021 , 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 unaudited consolidated 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 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. On January 1, 2022, we adopted ASU 2016-02 and subsequent updates, collectively referred to as Topic 842, using the modified retrospective transition method. In addition, we adopted the package of practical expedients in transition, which permits us to not reassess our prior conclusions pertaining to lease identification, lease classification and initial direct costs on leases that commenced prior to our adoption of the new standard. We also elected the ongoing practical expedient to not recognize operating lease right-of-use assets and operating lease liabilities related to short-term leases. The Company adopted Topic 842 using the modified retrospective transition approach provided in ASC 842-10-65-1(c)(2), which requires recognition of the cumulative effect adjustment, if any, of initially applying the standard to the opening balance of retained earnings in the period of adoption (i.e., January 1, 2022). There was no cumulative adjustment to be recognized at January 1, 2022. In March 2020, the FASB issued ASU 2020-04, "Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting." The amendments provide optional guidance for a limited time to ease the potential burden in accounting for reference rate reform. The new guidance provides optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships and other transactions affected by reference rate reform if certain criteria are met. The amendments apply only to contracts and hedging relationships that reference LIBOR or another reference rate expected to be discontinued due to reference rate reform. These amendments are effective immediately and may be applied prospectively to contract modifications made and hedging relationships entered into or evaluated on or before December 31, 2022. We adopted ASU 2020-04 in the first quarter of 2022. The adoption had no impact on our co

Business Combination

Business Combination	3 Months Ended
	Mar. 31, 2022
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. 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 Fair 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 237,166 Deposits 6,000 Inventory 726,006 Property and equipment, net 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 as of the acquisition date 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 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 of the acquisition: Three Months Ended March 31, 2021 Net Sales $ 8,556,165 Net Loss $ ( 5,501,709 ) 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	3 Months Ended
	Mar. 31, 2022
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: March 31, December 31, Prepaid insurance $ 1,010,566 $ 1,586,768 Prepaid inventory 946,344 1,009,954 Prepaid subscriptions and license fees 632,343 455,781 Prepaid, other 168,112 240,657 Prepaid advertising 257,822 253,750 Other current assets 197,927 459,633 Total prepaid and other assets 3,213,114 4,006,543 Reserve for prepaid inventory ( 179,000 ) ( 179,000 ) Prepaid and other assets, net $ 3,034,114 $ 3,827,543

Investment securities

Investment securities	3 Months Ended
	Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Investment securities	4. Investment securities The Company held no investment securities as of March 31, 2022. Investment securities as of December 31, 2021 consisted of the following: December 31, 2021 Amortized Gross Gross Estimated Federal agency bonds — mortgage-backed $ 8,696,093 $ — $ ( 61,016 ) $ 8,635,077 Total debt securities available-for-sale $ 8,696,093 $ — $ ( 61,016 ) $ 8,635,077 The amortized cost and estimated fair value of investment securities as of December 31, 2021, by contractual maturity, are shown below: Available-for-sale December 31, 2021 Amortized Estimated Due after one year through five years $ 8,696,093 $ 8,635,077 Total debt securities available-for-sale $ 8,696,093 $ 8,635,077 Investment securities with an estimated fair value of $ 8,635,077 as of December 31, 2021 were pledged to secure our revolving line of credit. See Note 6 for additional information. The Company recorded sales of available-for-sale debt securities during the three months ended March 31, 2022 of $ 8,513,783 and recognized a loss on the sale of $ 182,310 . The Company recorded no sales or maturities of available-for-sale securities during the three months ended March 31, 2021 .

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2022
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 Company held no assets subject to fair value measurements as of March 31, 2022. The following tables summarize assets subject to fair value measurements as of December 31, 2021: Fair Value as of December 31, 2021 Level 1 Level 2 Level 3 Federal agency bonds — mortgage-backed $ — $ 8,635,077 $ — 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.

Revolving Lines of Credit

Revolving Lines of Credit	3 Months Ended
	Mar. 31, 2022
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 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. The balance on the line of credit was $ 0 as of March 31 2022 and December 31, 2021. Management was in compliance with all financial covenants as of March 31, 2022 and December 31, 2021. 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. 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 March 31, 2022 and December 31, 2021. Management was in compliance with all financial covenants as of March 31, 2022 and December 31, 2021. 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 March 31 2022 and December 31, 2021. 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	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Long-term Debt	7. Long-term Debt 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 eight percent per annum on the unpaid principal amount. The Company created the eligible jobs as of April 1, 2018, and the loan was converted to a grant effective December 8, 2021.

Property and Equipment, Net

Property and Equipment, Net	3 Months Ended
	Mar. 31, 2022
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	8. Property and Equipment, net and Land Classified as Held for Sale Property and Equipment, net Property and equipment, net is comprised of the following as of: March 31, December 31, Factory equipment $ 4,275,163 $ 3,278,035 Land — 947,394 Furniture and office equipment 602,016 592,316 Leasehold improvements 1,045,798 993,581 Construction in progress 164,332 148,984 6,087,309 5,960,310 Accumulated depreciation ( 1,590,194 ) ( 1,447,375 ) Property and equipment, net $ 4,497,115 $ 4,512,935 Depreciation expense was $ 142,819 for the three months ended March 31, 2022. Depreciation expense was $ 131,333 for the three months ended March 31, 2021. Land Classified as Held for Sale On March 25, 2022, the Company entered into a vacant land real estate sale agreement for the sale of excess unused lots in Sisters, Oregon for a sales price of $ 1,572,510 . As of March 31, 2022, no funds had exchanged hands and the Company retained the ownership of the land. The transaction is expected to close on or before May 15, 2022. Held for sale assets are presented at the lower of the fair market value or the net carrying value. As the determined fair value is greater than the net carrying value of $ 947,394 , no impairment charges have been recorded for the three months ended March 31, 2022 and 2021 . These assets were held-and-used as of December 31, 2021.

Goodwill and Intangible Assets,

Goodwill and Intangible Assets, Net	3 Months Ended
	Mar. 31, 2022
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 as of the acquisition date. 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. Given certain market factors, the Company determined that a triggering event had occurred which would require an interim impairment test to be performed. In the last month of the quarter, management had determined the sustained decline in stock price, coupled with change in market conditions, was determined to be a triggering event. The Company performed a qualitative and quantitative analysis on the Company's goodwill for impairment. concluding that the fair value of goodwill as calculated using a discounted cash flow model exceeds the carrying value, this indicating that goodwill is impaired. As such, the Company recorded a goodwill impairment of $ 6,486,000 . Intangible Assets, Net Intangible Assets, net is comprised of the following: March 31, December 31, Trade names ( 10 years) $ 2,190,083 $ 2,530,000 Customer relationships ( 10 years) 371,898 1,990,000 Recipes ( 10 years) 330,000 330,000 Social media agreements ( 3 years) 80,000 80,000 Software ( 3 - 15 years) 188,662 188,662 Amortizable intangible assets 3,160,643 5,118,662 Accumulated amortization ( 135,371 ) ( 411,908 ) Amortizable intangible assets, net 3,025,272 4,706,754 Licensing agreements (indefinite) 132,100 132,100 Total Intangible assets, net $ 3,157,372 $ 4,838,854 The weighted-average useful life of all the Company’s intangible assets is 8.8 years. For the three months ended March 31, 2022, amortization expense was $ 141,482 . For the three months ended March 31, 2021, amortization expense was $ 5,270 . During the three months ended March 31, 2022, the Company assessed whether a triggering event has occurred which would require interim impairment testing long-lived intangible assets for impairment. The Company determined that a triggering event had occurred which would require an interim impairment test to be performed. In conjunction with the goodwill qualitative and quantitative assessment performed, the Company performed a quantitative assessment of intangible assets acquired in the business combination with Picky Bars, and recorded an impairment of the related long-lived intangible assets of $ 1,540,000 . 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: 2022 $ 296,447 2023 394,195 2024 338,323 2025 315,175 2026 315,175 Thereafter 1,365,957 $ 3,025,272

Leases

Leases	3 Months Ended
	Mar. 31, 2022
Leases [Abstract]
Leases	10. Leases In February 2016, the FASB issued a new accounting guidance on leases. Effective January 1, 2022, we adopted the standard using the modified retrospective method, under which we elected the package of practical expedients and transition provisions allowing us to bring our existing operating leases onto the Consolidated Balance Sheet without adjusting comparative periods. In accordance with Topic 842, Leases, the Company accounts for a contract as a lease when it has the right to control the asset for a period of time while obtaining substantially all of the asset’s economic benefits. The Company determines if an arrangement is a lease or contains an embedded lease at inception. For arrangements that meet the definition of a lease, the Company determines the initial classification and measurement of its right-of-use asset and lease liability at the lease commencement date and thereafter if modified. The lease term includes any renewal options that the Company is reasonably assured to exercise. In addition to rent, the leases may require the Company to pay additional costs, such as utilities, maintenance and other operating costs, which are generally referred to as non-lease components. The Company has elected to not separate lease and non-lease components. Only the fixed costs for lease components and their associated non-lease components are accounted for as a single lease component and recognized as part of a right-of-use asset and liability. Lease-related liabilities are recognized at the present value of the remaining contractual fixed lease payments, discounted using our incremental borrowing rate. Operating lease expense is recognized on a straight-line basis over the lease term, while variable lease payments are expensed as incurred. 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. However, for accounting purposes the lease commencement date was June 6, 2019. 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. The Company executed a third lease for additional warehouse and office space under a commercial lease with RII Lundgren Mill, LLC, dated October 1, 2021. The lease commenced on October 1, 2021 with monthly payments of $ 38,869 , 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 Company assumed an operating lease in the acquisition of Picky Bars, LLC on May 3, 2021. The Company pays monthly rent of $ 4,609 , which escalates by 3 % in months 15, 27, 39, and 51. The initial lease term is 62 months , and the Company has the option to renew the lease for two additional three-year periods. The components of lease expense were as follows: Three Months Ended March 31, 2022 Operating leases Operating lease cost $ 267,106 Variable lease cost 53,003 Operating lease expense 320,110 Short-term lease rent expense 32,132 Total rent expense $ 352,242 Three Months Ended March 31, 2022 Operating cash flows - operating leases $ 184,560 Right-of-use assets obtained in exchange for operating lease liabilities $ 7,616,513 March 31, 2022 Weighted-average remaining lease term – operating leases (in years) 8.5 Weighted-average discount rate – operating leases 3.75 % As of March 31, 2022, future minimum payments during the next five years and thereafter are as follows: 2022 (excluding the quarter ended March 31, 2022) $ 556,782 2023 743,549 2024 745,345 2025 704,453 2026 683,704 Thereafter 2,593,782 Total 6,027,615 Less imputed interest ( 877,831 ) Operating lease liabilities $ 5,149,784

Deferred Tax Assets and Liabili

Deferred Tax Assets and Liabilities	3 Months Ended
	Mar. 31, 2022
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 months ended March 31, 2022 and 2021 and therefore has recorded no assessment of current federal income taxes. The Company is subject to minimum state taxes for various jurisdictions as well as subject to franchise taxes considered income taxes under ASC 740. A reconciliation of income tax expense at the federal statutory rate to the income tax provision at the Company's effective rate is as follows for three months ended March 31, 2022 and 2021: March 31, March 31, Income tax (benefit) expense at statutory rates $ ( 2,968,062 ) $ ( 1,444,503 ) Valuation allowance for deferred tax assets 2,947,086 1,390,076 Stock-based compensation 12,642 178,462 Other, net 14,108 ( 124,035 ) Reported income tax (benefit) expense 5,774 — Effective tax rate: 0.0 0 % 0.00 % The Company’s deferred tax assets and liabilities consisted of the following as of: March 31, December 31, Noncurrent deferred tax assets: Net operating loss carryforwards $ 13,633,013 $ 11,999,882 Intangible assets 1,826,921 17,951 Property and equipment 689,750 686,601 Research and development credits 223,613 165,216 Accrued expenses 58,900 98,296 Charitable contributions 41,298 38,447 Unexercised options 654,978 679,688 Total noncurrent deferred tax assets 17,128,473 13,686,081 Noncurrent deferred tax liabilities: Right of use asset 549,483 568,787 Total noncurrent deferred tax liabilities 549,483 568,787 Net noncurrent deferred tax assets 16,578,990 13,117,294 Valuation allowance ( 16,578,990 ) ( 13,124,828 ) Total net noncurrent deferred tax liabilities $ 0 $ ( 7,534 ) 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 three months ended March 31, 2022, the Company recorded an indefinite-lived deferred tax asset of $ 1.5 million to account for the book vs. tax basis difference related to the goodwill intangible asset acquired in the Picky Bars acquisition. During the three months ended March 31, 2022, the goodwill relating to the Picky Bars stock acquisition was fully impaired for GAAP. Due to the impairment, there is a deferred tax asset associated with the indefinite-lived intangible asset. The valuation allowance is increased by the indefinite-lived intangible assets. Previously, there was an indefinite-lived deferred tax liability that was excluded from sources of future taxable income, as the timing of its reversal cannot be predicted due to the indefinite life of the goodwill and U.S. federal net operating losses (“NOLs”). A naked credit resulted due to indefinite-lived deferred tax liability's inability to reduce the valuation allowance for U.S. federal income tax purposes As of March 31, 2022, 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 against the deferred tax assets. The Company may reduce the valuation allowance against definite-lived deferred tax assets at such time when it becomes more likely than not that the definite-lived deferred tax assets will be realized. The Company has recorded a provision for state income taxes and a corresponding current state tax payable of $ 13 thousand. The change in the valuation allowance for deferred tax assets and liabilities for the three months ended March 31, 2022 was a net increase of $ 3.5 million. At March 31, 2022 and December 31, 2021 , the Company had NOLs totaling approximately $ 54.6 million and $ 48.0 million, respectively. The Company had federal NOLs at March 31, 2022 totaling approximately $ 1.9 million from 2017 and prior years that can be carried forward for 20 years , which begin to expire in 2036. At March 31, 2022 and December 31, 2021 , the Company had federal NOLs totaling approximately $ 52.8 million and $ 46.2 million, respectively from 2018 and subsequent years that can be carried forward indefinitely . At March 31, 2022 and December 31, 2021 , the Company had state NOLs totaling $ 27.6 million and $ 24.5 million, respectively, that can be carried forward for between 15 and 20 years. At March 31, 2022 and December 31, 2021 , the Company had credits totaling $ 0.5 million and $ 0.4 million, respectively, that can be carried forward for between 5 and 20 years. GAAP requires management to evaluate and report information 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	3 Months Ended
	Mar. 31, 2022
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 activ ity during the three months ended March 31, 2022 and 2021: March 31, 2022 Options Weighted Average Weighted Average Aggregate Balance at January 1, 2022 747,800 $ 11.51 6.57 $ 1,143,013 Granted 216,660 3.99 Exercised/released ( 1,750 ) 8.14 Cancelled/forfeited ( 74,317 ) 17.96 Balance at March 31, 2022 888,393 $ 10.97 7.10 $ 283,924 Exercisable at March 31, 2022 531,278 $ 8.73 5.84 $ 283,924 March 31, 2021 Options Weighted Average Weighted Average Aggregate Balance at January 1, 2021 887,640 $ 9.65 6.42 $ 33,433,274 Granted 44,068 45.53 Exercised/released ( 28,148 ) 6.16 Cancelled/forfeited ( 2,750 ) 11.71 Balance at March 31, 2021 900,810 $ 11.42 6.35 $ 23,488,929 Exercisable at March 31, 2021 543,598 $ 7.55 5.19 $ 16,264,671 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 $ 10,796 for the three months ended March 31, 2022. The Company recognized stock compensation expense of $ 1,010,003 for the three months ended March 31, 2021. During the three months ended March 31, 2022 and 2021 , the Company granted 216,660 and 44,068 stock option units, respectively. As a result of applying the provisions of ASC 718 to these issuances, the Company recorded stock-based compensation expense of $ 106,449 and $ 396,246 in the three months ended March 31, 2022 and 2021, respectively. As of March 31, 2022 and December 31, 2021, there was $ 1,875,837 and $ 1,638,717 , respectively, of total unrecognized compensation cost related to non-vested stock option share-based compensation arrangements with a remaining weighted-average vesting period of 2.49 years. During the three months ended March 31, 2022 and 2021 , there were $ 0 and $ 188,793 , 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. During the three months ended March 31, 2022 and 2021 the Company granted 135,777 and 21,766 restricted stock units, respectively, to 214 employees and board of directors members, collectively. As a result of applying the provisions of ASC 718 to these issuances, the Company recorded stock-based compensation expense of $ 363,338 and $ 39,478 in the three months ended March 31, 2022 and 2021, respectively. As of March 31, 2022 and December 31, 2021, there was $ 2,621,937 and $ 2,282,174 , respectively, of total unrecognized compensation cost related to non-vested restricted stock units with a remaining weighted-average vesting period of 3.00 years. During the three months ended March 31, 2022 and 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 (reversal of expense) of $ ( 464,462 ) and $ 385,486 for the three months ended March 31, 2022 and 2021, respectively. During the three months ended March 31, 2022 , there were forfeitures related to these MSUs of $ 883,324 representing a discrete reversal of stock compensation expense to the quarter. These MSUs vest upon the 30 -day weighted average stock price reaching or exceeding established targets, after reaching certain time targets. As of March 31, 2022 and December 31, 2021, there were $ 767,939 and $ 1,927,898 , respectively, of total unrecognized compensation cost related to non-vested MSUs with a remaining weighted-average vesting period of 1.84 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 established an 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 12,000 shares of common stock will be issued in accordance with the plan to those enrollees in the May 1, 2022 enrollment period. As a result of applying the provisions of ASC 718 to these issuances, the Company recorded stock-based compensation expense of $ 5,471 for the three months ended March 31, 2022, 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 months ended March 31, 2022 and 2021 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 initial public offering 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 No. 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 three months ended March 31, 2022 and 2021, 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 Three Months Ended 2022 2021 Weighted-average expected volatility 52.05 % 51.92 % Weighted-average expected term (years) 6.25 6.25 Weighted-average expected risk-free interest rate 1.71 % 0.63 % Dividend yield — — Weighted-average fair value of options granted $ 3.99 $ 21.50

Earnings per Share

Earnings per Share	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Earnings per Share	13. E arnings 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 shares that would have been outstanding if all dilutive potential common and preferred shares had been issued. Dilutive potential common shares consist of employee stock options and restricted stock units. The dilutive effect of employee stock options and restricted stock units 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: Quarter Ended March 31, 2022 2021 Net loss $ ( 14,139,402 ) $ ( 5,330,504 ) Weighted average shares outstanding- basic and diluted 9,095,441 8,894,495 Common stock options and restricted stock awards excluded due to 1,097,778 1,169,237 Basic and diluted: Net loss per share, basic and diluted $ ( 1.55 ) $ ( 0.60 )

Concentrations

Concentrations	3 Months Ended
	Mar. 31, 2022
Risks and Uncertainties [Abstract]
Concentrations	14. C oncentrations The Company had 38 % of trade accounts receivable from two customers as of March 31, 2022 . The Company had 57 % of trade accounts receivable from three customers as of December 31, 2021. The Company had 43 % of accounts payable due to two vendors as of March 31, 2022 . The Company had 12 % of accounts payable due to one vendor as of December 31, 2021. The Company sold a substantial portion of products to two customers ( 22 %) for the three months ended March 31, 2022. As of March 31, 2022 , the amount due from these customers was $ 526,274 . The Company sold a substantial portion of products to two customers ( 29 %) for the three months ended March 31, 2021. As of March 31, 2021 , the amount due from these customers included in accounts receivable was $ 486,729 . The Company purchased a substantial portion of products from two suppliers ( 75 %) and one supplier ( 51 %) for the three months ended March 31, 2022 and 2021, 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 and Vietnam geographically accounted for approximately 75 % and 62 % of our total raw materials and packaging purchases for the three months ended March 31, 2022 and 2021 , respectively.

Related Party

Related Party	3 Months Ended
	Mar. 31, 2022
Related Party Transactions [Abstract]
Related Party	15. 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 unaudited consolidated financial statements. Shareholder Contribution On December 3, 2020, Danone Manifesto Ventures, PBC, one of the Company's largest shareholders, provided the Company $ 298,103 in funds for the purpose of supporting three COVID-19 relief projects. Social Media Marketing Agreements The Company entered into a social media marketing agreement with Lauren Thomas and Stephanie Bruce, former co-owners of Picky Bars, to provide certain marketing services on an annual basis, for $ 40,000 each per annum. The Company entered into a social media marketing agreements with Jesse Thomas, former co-owner of Picky Bars, to provide certain marketing services at no cost to the Company.

Revenue Recognition

Revenue Recognition	3 Months Ended
	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue Recognition	16. 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 March 31, 2022 2021 $ % of Total $ % of Total Coffee creamers $ 5,454,407 58 % $ 5,021,648 68 % Hydration and beverage enhancing supplements 1,457,431 16 % 1,230,055 17 % Harvest snacks and other food items 1,686,791 18 % 142,903 2 % Coffee, tea, and hot chocolate products 1,816,184 19 % 1,901,092 26 % Other 238,324 3 % 50,939 0 % Gross sales 10,653,137 114 % 8,346,637 113 % Shipping income 248,192 3 % 25,659 0 % Returns and discounts ( 1,561,316 ) ( 17 %) ( 975,401 ) ( 13 %) Sales, net $ 9,340,013 100 % $ 7,396,895 100 % The Company generates revenue through three channels: online, wholesale, and food service: For the Three Months Ended March 31, 2022 2021 $ % of Total $ % of Total Online $ 5,423,951 58 % $ 4,362,407 59 % Wholesale 3,795,070 41 % 2,893,697 39 % Food service 120,992 1 % 140,791 2 % Sales, net $ 9,340,013 100 % $ 7,396,895 100 % 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 March 31, 2022. Contract assets included in finished goods inventories were $ 607 and $ 8,316 as of March 31, 2022 and December 31, 2021, respectively. Contract liabilities and refund liabilities included in accrued expenses were $ 3,489 and $ 25,340 as of March 31, 2022 and December 31, 2021, respectively. Receivables from contracts with customers are included in Accounts receivable, net on the Company’s consolidated balance sheets. As of March 31, 2022 and December 31, 2021, Accounts receivable, net included, $ 1,261,562 and $ 1,268,718 , respectively, of receivables from contracts with customers.

Nature of Operations and Summ_2

Nature of Operations and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Accounting	Basis of Accounting The unaudited consolidated financial statements include the accounts of the Company, and its wholly owned subsidiary. 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 months ended March 31, 2022 and 2021 . 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 Consolidated Financial Information In the opinion of the Company, the accompanying unaudited consolidated 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, 2021 was derived from audited annual consolidated financial statements. Operating results for the three months ended March 31, 2022 are not necessarily indicative of the results expected for the fiscal year ending December 31, 2022. The accompanying unaudited consolidated 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, 2021 .
Use of Estimates	Use of Estimates The preparation of consolidated 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 include those related to the business combination, allowances for doubtful accounts and returns, inventory obsolescence, goodwill, intangible assets, valuation allowance for deferred taxes, reserves on prepaid expenses, the discount rates used in determining right of use assets and related lease liabilities, standard cost of inventory, and fair value of stock-based compensation.
Principles of Consolidation	Principles of Consolidation These unaudited consolidated financial statements include the accounts of Laird Superfood, Inc. and its wholly owned subsidiary. All significant intercompany accounts and transactions have been eliminated in our accompanying unaudited consolidated financial statements.
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 Consolidated 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 presented on a consolidated basis 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 16 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. March 31, December 31, Cash and cash equivalents $ 27,161,606 $ 22,932,663 Restricted cash 111,800 116,571 Total cash, cash equivalents, and restricted cash shown in the $ 27,273,406 $ 23,049,234 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 months ended March 31, 2022 we contributed $ 4,771 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 March 31, 2022 and December 31, 2021 approximated $ 16,797,430 and $ 10,835,360 , respectively.
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 an allowance for doubtful accounts of $ 64,168 and $ 0 as of March 31, 2022 and December 31, 2021 , respectively.
Investments	Our investment securities consist entirely of investment-grade debt securities, all of which are classified as available-for-sale. Available-for-sale debt securities are recorded at fair value, and unrealized holding gains and losses are recorded, net of tax, as a component of accumulated other comprehensive income. Available-for-sale securities with remaining maturities of less than one year and those identified by management at the time of purchase to be used to fund operations within one year are classified as short-term. All other available-for-sale securities are classified as long-term. We evaluate our available-for-sale securities for other-than-temporary impairment on a quarterly basis. Unrealized losses are charged against net earnings when a decline in fair value is determined to be other than temporary. We review several factors to determine whether a loss is other than temporary, such as the length and extent of the fair value decline, the financial condition and near-term prospects of the issuer and whether we have the intent to sell or will more likely than not be required to sell before the securities' anticipated recovery, which may be at maturity. Realized gains and losses are accounted for using the specific identification method. Purchases and sales are recorded on a trade date basis.
Inventory	Inventory Inventory is stated at the lower of cost or net realizable value and consists primarily of raw materials and packaging and finished goods and include direct labor and allocable overhead. The following table presents the components of inventory as of: March 31, December 31, Raw materials and packaging $ 5,107,638 $ 4,771,671 Finished goods 4,748,758 5,449,672 Total $ 9,856,396 $ 10,221,343 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 months ended March 31, 2022, the Company recorded $ 18,706 in inventory obsolescence primarily related to the Company’s liquid creamer product line. For the three months ended March 31, 2021, the Company recorded $ 102,604 in inventory obsolescence related to the Company’s liquid creamer product line. As of March 31, 2022 and December 31, 2021, the Company had a total of $ 946,344 and $ 1,009,954 , 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 consolidated 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. For the three months ended March 31, 2022, depreciation expense was $ 142,819 . For the three months ended March 31, 2021, depreciation expense was $ 131,333 . As of March 31, 2022 and December 31, 2021, the Company had a total of $ 116,818 and $ 489,325 , respectively, of deposits for future equipment purchases, which is included in deposits on the consolidated balance sheets.
Land Held for Sale	Land Held for Sale Land identified by the Company which has met all criteria to be classified as held for sale is disclosed separately on the unaudited consolidated balance sheets. Land held for sale is measured at the lower of the assets carrying amount or fair value less costs to sell. There was $ 947,394 and $ 0 of land held for sale as of March 31, 2022 and December 31, 2021 .
Leases	Leases We categorize leases at their inception as either operating or finance leases. Lease agreements cover office space, warehouse and distribution space, equipment, and vehicles. All of these leases are operating leases. Operating leases are included in right-of-use assets, current lease liabilities, and long-term lease liabilities in our unaudited consolidated balance sheets. Leased assets represent our right to use an underlying asset for the lease term, and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease right-of-use assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. We use a secured incremental borrowing rate as the discount rate for present value of lease payments when the rate implicit in the contract is not readily determinable. For operating leases with variable payments dependent upon an index or rate that commenced subsequent to adoption of ASU No. 2016-02, we apply the active index or rate as of the lease commencement date. Variable lease payments not based on an index or rate are not included in the operating lease liability as they cannot be reasonably estimated and are recognized in the period in which the obligation for those payments is incurred. Leases that have a term of twelve months or less upon commencement date are considered short-term in nature. Accordingly, short-term leases are not included on the consolidated balance sheets and are expensed on a straight-line basis over the lease term, which commences on the date we have the right to control the property.
Revenue Recognition	Revenue Recognition The Company recognizes revenue in accordance with the five-step model as prescribed by ASU 2014-09 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 ASU 2014-09, 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 16 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 and a refund liability for estimated product returns and pricing adjustments in the same period that the related revenue is recorded. These estimates will be 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 $ 1,539,213 for the three months ended March 31, 2022. Shipping and handling costs totaled $ 1,238,996 for the three months ended March 31, 2021. Income generated from shipping costs billed through to customers was included in Sales, net in the consolidated statements of operations. Shipping income totaled $ 248,192 for the three months ended March 31, 2022. Shipping income totaled $ 25,659 for the three months ended March 31, 2021 .
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 consolidated statements of operations. Research and product development expense was $ 103,833 for the three months ended March 31, 2022. Research and product development expense was $ 240,687 for the three months ended March 31, 2021 .
Advertising	Advertising Advertising costs are expensed when incurred. Advertising expenses for the three months ended March 31, 2022 was $ 1,791,737 . Advertising expenses for the three months ended March 31, 2021 was $ 1,661,644 .
Marketing	Marketing Marketing costs are expensed when incurred. Marketing expenses for the three months ended March 31, 2022 were $ 1,062,645 . Marketing expenses for the three months ended March 31, 2021 were $ 700,864 .
Income Taxes	Income Taxes Income taxes provide for the tax effects of transactions reported in the unaudited consolidated 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), stock-based compensation, right of use assets, 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 $ 16,578,990 and $ 13,124,828 as of March 31, 2022 and December 31, 2021 , respectively.
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 months ended March 31, 2022 and 2021 .
Stock Incentive Plan	Stock Incentive Plan The compensation cost relating to share-based payment transactions is recognized in the unaudited consolidated 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 had been issued and is calculated under the treasury stock method. Due to the Company’s net loss, all stock options are anti-dilutive and excluded.
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 consolidated balance sheets as of March 31, 2022 and December 31, 2021 , 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 15 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 consolidated balance sheets as of March 31, 2022 and December 31, 2021 , 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 15 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 value of the 2020 License was not less than the carrying amount; therefore, the Company recognized no impairment for the three months ended March 31, 2022 and 2021 .
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 months ended March 31, 2022, amortization expense was $ 141,482 . For the three months ended March 31, 2021, amortization expense was $ 5,270 . The Company assesses qualitative factors each reporting period to determine whether events and circumstances exist that indicate that the fair values of the definite lived intangible assets were less than the carrying amounts. In the last month of the quarter, management had determined the sustained decline in stock price, coupled with change in market conditions, was determined to be a triggering event. Upon considering these factors, the Company determined it was more likely than not that the fair value was less than the carrying amount; therefore, the Company recognized impairment charges of $ 1,540,000 for the three months ended March 31, 2022 . There were no impairment charges in the three months ended March 31, 2021 .
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. In the last month of the quarter, management had determined the sustained decline in stock price, coupled with change in market conditions, was determined to be a triggering event. The Company performed a qualitative and quantitative analysis on the Company's goodwill for impairment concluding that the fair value of goodwill as calculated using a discounted cash flow model exceeds the carrying value, indicating that goodwill is impaired. As such, the Company recorded a goodwill impairment of $ 6,486,000 .
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 months ended March 31, 2022 and 2021 , 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 unaudited consolidated 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 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. On January 1, 2022, we adopted ASU 2016-02 and subsequent updates, collectively referred to as Topic 842, using the modified retrospective transition method. In addition, we adopted the package of practical expedients in transition, which permits us to not reassess our prior conclusions pertaining to lease identification, lease classification and initial direct costs on leases that commenced prior to our adoption of the new standard. We also elected the ongoing practical expedient to not recognize operating lease right-of-use assets and operating lease liabilities related to short-term leases. The Company adopted Topic 842 using the modified retrospective transition approach provided in ASC 842-10-65-1(c)(2), which requires recognition of the cumulative effect adjustment, if any, of initially applying the standard to the opening balance of retained earnings in the period of adoption (i.e., January 1, 2022). There was no cumulative adjustment to be recognized at January 1, 2022. In March 2020, the FASB issued ASU 2020-04, "Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting." The amendments provide optional guidance for a limited time to ease the potential burden in accounting for reference rate reform. The new guidance provides optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships and other transactions affected by reference rate reform if certain criteria are met. The amendments apply only to contracts and hedging relationships that reference LIBOR or another reference rate expected to be discontinued due to reference rate reform. These amendments are effective immediately and may be applied prospectively to contract modifications made and hedging relationships entered into or evaluated on or before December 31, 2022. We adopted ASU 2020-04 in the first quarter of 2022. The adoption had no impact on our consolidated financial position, results of operations, or cash flows.
Recent Accounting Pronouncements	Recently Issued Accounting Pronouncements 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 unaudited consolidated financial statements.
Subsequent Events	Subsequent Events Subsequent events are events or transactions that occur after the balance sheet date but before the unaudited consolidated financial statements are available to be issued. The Company has evaluated events and transactions subsequent to March 31, 2022 for potential recognition of disclosure in the consolidated financial statements. On March 25, 2022, the Company entered into a vacant land real estate sale agreement for the sale of excess unused lots in Sisters, Oregon for a sales price of $ 1,572,510 . As of March 31, 2022, no funds had exchanged hands and the Company retained the ownership of the land. The transaction is expected to close on or before May 15, 2022.

Nature of Operations and Summ_3

Nature of Operations and Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2022
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. March 31, December 31, Cash and cash equivalents $ 27,161,606 $ 22,932,663 Restricted cash 111,800 116,571 Total cash, cash equivalents, and restricted cash shown in the $ 27,273,406 $ 23,049,234
Schedule of Inventory, Current	Inventory is stated at the lower of cost or net realizable value and consists primarily of raw materials and packaging and finished goods and include direct labor and allocable overhead. The following table presents the components of inventory as of: March 31, December 31, Raw materials and packaging $ 5,107,638 $ 4,771,671 Finished goods 4,748,758 5,449,672 Total $ 9,856,396 $ 10,221,343

Business Combination (Tables)

Business Combination (Tables)	3 Months Ended
	Mar. 31, 2022
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 Fair 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 237,166 Deposits 6,000 Inventory 726,006 Property and equipment, net 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 as of the acquisition date 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 of the acquisition: Three Months Ended March 31, 2021 Net Sales $ 8,556,165 Net Loss $ ( 5,501,709 )

Prepaid Expenses and Other Cu_2

Prepaid Expenses and Other Current Assets, Net (Tables)	3 Months Ended
	Mar. 31, 2022
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: March 31, December 31, Prepaid insurance $ 1,010,566 $ 1,586,768 Prepaid inventory 946,344 1,009,954 Prepaid subscriptions and license fees 632,343 455,781 Prepaid, other 168,112 240,657 Prepaid advertising 257,822 253,750 Other current assets 197,927 459,633 Total prepaid and other assets 3,213,114 4,006,543 Reserve for prepaid inventory ( 179,000 ) ( 179,000 ) Prepaid and other assets, net $ 3,034,114 $ 3,827,543

Investment securities (Tables)

Investment securities (Tables)	3 Months Ended
	Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Schedule of Investment securities	March 31, 2022. Investment securities as of December 31, 2021 consisted of the following: December 31, 2021 Amortized Gross Gross Estimated Federal agency bonds — mortgage-backed $ 8,696,093 $ — $ ( 61,016 ) $ 8,635,077 Total debt securities available-for-sale $ 8,696,093 $ — $ ( 61,016 ) $ 8,635,077
Schedule of amortized cost and estimated fair value of investment securities	The amortized cost and estimated fair value of investment securities as of December 31, 2021, by contractual maturity, are shown below: Available-for-sale December 31, 2021 Amortized Estimated Due after one year through five years $ 8,696,093 $ 8,635,077 Total debt securities available-for-sale $ 8,696,093 $ 8,635,077

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Summarize assets subject to fair value measurements	The following tables summarize assets subject to fair value measurements as of December 31, 2021: Fair Value as of December 31, 2021 Level 1 Level 2 Level 3 Federal agency bonds — mortgage-backed $ — $ 8,635,077 $ —

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	3 Months Ended
	Mar. 31, 2022
Property, Plant and Equipment [Abstract]
Summary of property and equipment, net	Property and equipment, net is comprised of the following as of: March 31, December 31, Factory equipment $ 4,275,163 $ 3,278,035 Land — 947,394 Furniture and office equipment 602,016 592,316 Leasehold improvements 1,045,798 993,581 Construction in progress 164,332 148,984 6,087,309 5,960,310 Accumulated depreciation ( 1,590,194 ) ( 1,447,375 ) Property and equipment, net $ 4,497,115 $ 4,512,935

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets, Net (Tables)	3 Months Ended
	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Intangible Assets	Intangible Assets, net is comprised of the following: March 31, December 31, Trade names ( 10 years) $ 2,190,083 $ 2,530,000 Customer relationships ( 10 years) 371,898 1,990,000 Recipes ( 10 years) 330,000 330,000 Social media agreements ( 3 years) 80,000 80,000 Software ( 3 - 15 years) 188,662 188,662 Amortizable intangible assets 3,160,643 5,118,662 Accumulated amortization ( 135,371 ) ( 411,908 ) Amortizable intangible assets, net 3,025,272 4,706,754 Licensing agreements (indefinite) 132,100 132,100 Total Intangible assets, net $ 3,157,372 $ 4,838,854
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: 2022 $ 296,447 2023 394,195 2024 338,323 2025 315,175 2026 315,175 Thereafter 1,365,957 $ 3,025,272

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2022
Leases [Abstract]
Summary of the components of lease expense	The components of lease expense were as follows: Three Months Ended March 31, 2022 Operating leases Operating lease cost $ 267,106 Variable lease cost 53,003 Operating lease expense 320,110 Short-term lease rent expense 32,132 Total rent expense $ 352,242 Three Months Ended March 31, 2022 Operating cash flows - operating leases $ 184,560 Right-of-use assets obtained in exchange for operating lease liabilities $ 7,616,513 March 31, 2022 Weighted-average remaining lease term – operating leases (in years) 8.5 Weighted-average discount rate – operating leases 3.75 %
Summary of future minimum payments during the next five years and thereafter	As of March 31, 2022, future minimum payments during the next five years and thereafter are as follows: 2022 (excluding the quarter ended March 31, 2022) $ 556,782 2023 743,549 2024 745,345 2025 704,453 2026 683,704 Thereafter 2,593,782 Total 6,027,615 Less imputed interest ( 877,831 ) Operating lease liabilities $ 5,149,784

Deferred Tax Assets and Liabi_2

Deferred Tax Assets and Liabilities (Tables)	3 Months Ended
	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Schedule Reconciliation of Statutory Income Tax Rate to Consolidated Effective Income Tax rate	A reconciliation of income tax expense at the federal statutory rate to the income tax provision at the Company's effective rate is as follows for three months ended March 31, 2022 and 2021: March 31, March 31, Income tax (benefit) expense at statutory rates $ ( 2,968,062 ) $ ( 1,444,503 ) Valuation allowance for deferred tax assets 2,947,086 1,390,076 Stock-based compensation 12,642 178,462 Other, net 14,108 ( 124,035 ) Reported income tax (benefit) expense 5,774 — Effective tax rate: 0.0 0 % 0.00 %
Schedule of Deferred Tax Assets and Liabilities	The Company’s deferred tax assets and liabilities consisted of the following as of: March 31, December 31, Noncurrent deferred tax assets: Net operating loss carryforwards $ 13,633,013 $ 11,999,882 Intangible assets 1,826,921 17,951 Property and equipment 689,750 686,601 Research and development credits 223,613 165,216 Accrued expenses 58,900 98,296 Charitable contributions 41,298 38,447 Unexercised options 654,978 679,688 Total noncurrent deferred tax assets 17,128,473 13,686,081 Noncurrent deferred tax liabilities: Right of use asset 549,483 568,787 Total noncurrent deferred tax liabilities 549,483 568,787 Net noncurrent deferred tax assets 16,578,990 13,117,294 Valuation allowance ( 16,578,990 ) ( 13,124,828 ) Total net noncurrent deferred tax liabilities $ 0 $ ( 7,534 )

Stock Incentive Plan (Tables)

Stock Incentive Plan (Tables)	3 Months Ended
	Mar. 31, 2022
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 activ ity during the three months ended March 31, 2022 and 2021: March 31, 2022 Options Weighted Average Weighted Average Aggregate Balance at January 1, 2022 747,800 $ 11.51 6.57 $ 1,143,013 Granted 216,660 3.99 Exercised/released ( 1,750 ) 8.14 Cancelled/forfeited ( 74,317 ) 17.96 Balance at March 31, 2022 888,393 $ 10.97 7.10 $ 283,924 Exercisable at March 31, 2022 531,278 $ 8.73 5.84 $ 283,924 March 31, 2021 Options Weighted Average Weighted Average Aggregate Balance at January 1, 2021 887,640 $ 9.65 6.42 $ 33,433,274 Granted 44,068 45.53 Exercised/released ( 28,148 ) 6.16 Cancelled/forfeited ( 2,750 ) 11.71 Balance at March 31, 2021 900,810 $ 11.42 6.35 $ 23,488,929 Exercisable at March 31, 2021 543,598 $ 7.55 5.19 $ 16,264,671
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions	For the three months ended March 31, 2022 and 2021, 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 Three Months Ended 2022 2021 Weighted-average expected volatility 52.05 % 51.92 % Weighted-average expected term (years) 6.25 6.25 Weighted-average expected risk-free interest rate 1.71 % 0.63 % Dividend yield — — Weighted-average fair value of options granted $ 3.99 $ 21.50

Earnings per Share (Tables)

Earnings per Share (Tables)	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	Basic earnings per share is reconciled to diluted earnings per share in the following table: Quarter Ended March 31, 2022 2021 Net loss $ ( 14,139,402 ) $ ( 5,330,504 ) Weighted average shares outstanding- basic and diluted 9,095,441 8,894,495 Common stock options and restricted stock awards excluded due to 1,097,778 1,169,237 Basic and diluted: Net loss per share, basic and diluted $ ( 1.55 ) $ ( 0.60 )

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Mar. 31, 2022
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 March 31, 2022 2021 $ % of Total $ % of Total Coffee creamers $ 5,454,407 58 % $ 5,021,648 68 % Hydration and beverage enhancing supplements 1,457,431 16 % 1,230,055 17 % Harvest snacks and other food items 1,686,791 18 % 142,903 2 % Coffee, tea, and hot chocolate products 1,816,184 19 % 1,901,092 26 % Other 238,324 3 % 50,939 0 % Gross sales 10,653,137 114 % 8,346,637 113 % Shipping income 248,192 3 % 25,659 0 % Returns and discounts ( 1,561,316 ) ( 17 %) ( 975,401 ) ( 13 %) Sales, net $ 9,340,013 100 % $ 7,396,895 100 %
Summary of disaggregation of revenue based on channels	The Company generates revenue through three channels: online, wholesale, and food service: For the Three Months Ended March 31, 2022 2021 $ % of Total $ % of Total Online $ 5,423,951 58 % $ 4,362,407 59 % Wholesale 3,795,070 41 % 2,893,697 39 % Food service 120,992 1 % 140,791 2 % Sales, net $ 9,340,013 100 % $ 7,396,895 100 %

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 ($)	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash and cash equivalents	$ 27,161,606	$ 22,932,663
Restricted cash	111,800	116,571
Total cash, cash equivalents, and restricted cash shown in the statement of cash flows	$ 27,273,406	$ 23,049,234	$ 51,745,417	$ 57,208,080

Nature of Operations and Summ_5

Nature of Operations and Summary of Significant Accounting Policies - Schedule of Inventory, Current (Detail) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Raw materials and packaging	$ 5,107,638	$ 4,771,671
Finished goods	4,748,758	5,449,672
Total inventory, net of reserve	$ 9,856,396	$ 10,221,343

Nature of Operations and Summ_6

Nature of Operations and Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Mar. 25, 2022	Dec. 03, 2020
Common stock par or stated value per share	$ 0.001		$ 0.001
Cash with financial institutions in excess of federally insured limits	$ 16,797,430		$ 10,835,360
Allowance for doubtful accounts	64,168		0
Inventory obsolescence	18,706	$ 102,604
Prepayments for future raw materials	946,344		1,009,954
Advances for future equipment purchases	116,818		489,325
Depreciation	142,819	131,333
Shipping and handling costs	7,390,203	5,559,499
Research and development expenses	103,833	240,687
Advertising expenses	1,791,737	1,661,644
Deferred tax asset valuation allowance	16,578,990		13,124,828
Land Held for Sale	947,394		0
Impairment of goodwill	6,486,000	0
Deferred tax liability	0		7,534
Adjustment to additional paid in capital stock issuance costs		82,043
Impairment of indefinitely lived intangible assets excluding goodwill	1,540,000	0
Employees matching contribution defined contribution plan	0	0
Revenue from Contract with Customer, Excluding Assessed Tax	9,340,013	7,396,895
Cash Received	111,800		116,571
Marketing Expense	1,062,645	700,864
Amortization expense of finite lived intangible assets	141,482	5,270
Finite-Lived Intangible Assets [Member]
Impairment of indefinitely lived intangible assets excluding goodwill	1,540,000	0
COVID-19
Cash Received					$ 298,103
General and Administrative Expense [Member]
Depreciation	142,819	131,333
Raw Materials [Member]
Prepayments for future raw materials	946,344
Inventory Valuation and Obsolescence [Member]
Inventory obsolescence	18,706	102,604
Dano Manifesto Ventures PBC [Member] | COVID-19
Cash Received					$ 298,103
Decrease In Restricted Cash	4,771
License Agreement Terms [Member] | Laird Hamilton [Member]
Indefinitely lived intangible assets excluding goodwill	$ 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
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
Impairment of indefinitely lived intangible assets excluding goodwill	$ 0	0
Land Real Estate Sale Agreement [Member]
Purchase price of real estate sale agreement				$ 1,572,510
Shipping and Handling [Member]
Shipping and handling costs	1,539,213	1,238,996
Revenue from Contract with Customer, Excluding Assessed Tax	$ 248,192	$ 25,659
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
Prepaid Expenses and Other Current Assets [Member]
Reserve for prepaid assets	$ 179,000		$ 179,000
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	Mar. 31, 2022	Dec. 31, 2021
Recognized amounts of identifiable assets acquired and liabilities assumed
Goodwill		$ 0	$ 6,486,000
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	237,166
Deposits	6,000
Inventory	726,006
Property and equipment, net	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	$ 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]	3 Months Ended
	Mar. 31, 2022USD ($)
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) - Picky Bars [Member] - USD ($)	May 03, 2021	Mar. 31, 2022
Business Acquisition [Line Items]
Cash Consideration	$ 11,111,830
Definitive Agreement [Member]
Business Acquisition [Line Items]
Cash Consideration	$ 11,111,830
Common Stock [Member]
Business Acquisition [Line Items]
Business acquisition, date of agreement		May 3, 2021
Common Stock [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]	3 Months Ended
	Mar. 31, 2021USD ($)
Business Acquisition [Line Items]
Net Sales	$ 8,556,165
Net Loss	$ (5,501,709)

Prepaid Expenses and Other Cu_3

Prepaid Expenses and Other Current Assets - Schedule of Prepaid Expenses and Other Current Assets (Detail) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Prepaid Expense and Other Assets, Current [Abstract]
Prepaid insurance	$ 1,010,566	$ 1,586,768
Prepaid inventory	946,344	1,009,954
Prepaid subscriptions and license fees	632,343	455,781
Prepaid, other	168,112	240,657
Prepaid advertising	257,822	253,750
Other current assets	197,927	459,633
Total prepaid and other assets	3,213,114	4,006,543
Reserve for prepaid inventory	(179,000)	(179,000)
Prepaid and other assets, net	$ 3,034,114	$ 3,827,543

Investment securities - Schedul

Investment securities - Schedule of Investment Securities (Detail)	Dec. 31, 2021USD ($)
Debt Securities, Available-for-sale [Line Items]
Amortized cost	$ 8,696,093
Debt Securities, Available-for-sale, Total	8,635,077
Investment Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized cost	8,696,093
Gross unrealized gains	0
Gross unrealized losses	(61,016)
Debt Securities, Available-for-sale, Total	8,635,077
Federal agency bonds — mortgage-backed
Debt Securities, Available-for-sale [Line Items]
Amortized cost	8,696,093
Gross unrealized gains	0
Gross unrealized losses	(61,016)
Debt Securities, Available-for-sale, Total	$ 8,635,077

Investment securities - Sched_2

Investment securities - Schedule of Amortized Cost and Estimated Fair Value of Investment Securities (Detail)	Dec. 31, 2021USD ($)
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
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after One Year Through Five Years, Fair Value	8,635,077
Debt Securities, Available-for-sale, Amortized Cost, Total	8,696,093
Debt Securities, Available-for-sale, Total	$ 8,635,077

Investment securities - Additio

Investment securities - Additional Information (Detail) - Available-for-sale Securities [Member] - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Schedule of Investments [Line Items]
Fair value of investment securities pledged			$ 8,635,077
Proceeds from sale and maturity of debt securities, available-for-sale	$ 8,513,783	$ 0
Debt securities available for sale realised gain loss excluding temporary impairment	$ 182,310

Fair Value Measurements - Summa

Fair Value Measurements - Summarize Assets Subject To Fair Value Measurements (Detail) - Federal agency bonds — mortgage-backed	Dec. 31, 2021USD ($)
Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets, Fair Value Disclosure	$ 0
Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets, Fair Value Disclosure	8,635,077
Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets, Fair Value Disclosure	$ 0

Revolving Lines of Credit - Add

Revolving Lines of Credit - Additional Information (Detail) - USD ($)	Sep. 02, 2021	Mar. 31, 2022	Dec. 31, 2021
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] | Secured Overnight Financing Rate [Member]
Line of Credit Facility [Line Items]
Debt instrument variable interest rate spread	1.50%
Wells Fargo Bank [Member] | Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of credit maximum borrowing capacity		$ 9,500,000
Line of credit facility interest rate description	Simple Secured Overnight Financing Rate (“SOFR”) plus 1.5% per annum
Line of credit facility maturity date	Aug. 31, 2022
Line of credit		0	$ 0
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%
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
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
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 - Additional Inf

Long-term Debt - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2022	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 ($)	Mar. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 6,087,309	$ 5,960,310
Accumulated depreciation	(1,590,194)	(1,447,375)
Property and equipment, net	4,497,115	4,512,935
Factory equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	4,275,163	3,278,035
Land [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	0	947,394
Furniture and office equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	602,016	592,316
Leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	1,045,798	993,581
Construction in progress [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 164,332	$ 148,984

Property and Equipment, Net - A

Property and Equipment, Net - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 25, 2022	Dec. 31, 2021
Depreciation	$ 142,819	$ 131,333
Land held for sale	947,394			$ 0
Real estate sale agreement
Proceeds from sale of property held-for-sale	0
Assets held-for-sale price			$ 1,572,510
Land held for sale	947,394
Impairment Charges	$ 0	$ 0

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets, Net - Summary of Intangible Assets (Detail) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 3,160,643	$ 5,118,662
Accumulated amortization	(135,371)	(411,908)
Intangible assets, net	3,025,272	4,706,754
Total Intangible assets, net	3,157,372	4,838,854
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	2,190,083	2,530,000
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	371,898	1,990,000
Recipes [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	330,000	330,000
Social Media Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	80,000	80,000
Software [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	188,662	188,662
Licensing Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Indefinitely lived intangible assets excluding goodwill	$ 132,100	$ 132,100

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets, Net - Summary of Intangible Assets (Parenthetical) (Detail)	3 Months Ended
	Mar. 31, 2022
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) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2022	$ 296,447
2023	394,195
2024	338,323
2025	315,175
2026	315,175
Thereafter	1,365,957
Intangible assets, net	$ 3,025,272	$ 4,706,754

Goodwill and Intangible Asset_6

Goodwill and Intangible Assets, Net - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	May 03, 2021
Goodwill [Line Items]
Goodwill	$ 0		$ 6,486,000
Percentage of fair value of reporting unit in excess of carrying amount.	50.00%
Impairment of goodwill	$ 6,486,000	$ 0
Amortization expense	$ 141,482	5,270
Finite-Lived Intangible Assets, Amortization Method	straight-line method
Impairment of long-lived intangible assets	$ 1,540,000	$ 0
Picky Bars [Member]
Goodwill [Line Items]
Goodwill	$ 6,486,000			$ 6,486,000
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	8 years 9 months 18 days

Leases (Additional Information)

Leases (Additional Information) (Details) - Commercial lease agreement [Member] - USD ($)	Oct. 01, 2021	May 03, 2021	Jul. 01, 2019	Apr. 15, 2018	Mar. 01, 2018	Dec. 31, 2019	Dec. 20, 2018	Nov. 20, 2018
RII Lundgren Mill LLC [Member]
Lessee, Lease, Description [Line Items]
Operating Lease Payments	$ 38,869		$ 12,784		$ 6,475
Percentage increase in lease payments	3.00%		3.00%		3.00%
Reimbursement paid - Operating lease						$ 1,399,001	$ 1,202,529	$ 797,471
Stock option issued				2,000
Shares issued per share				$ 7.50
Picky Bars, LLC [Member]
Lessee, Lease, Description [Line Items]
Operating Lease Payments		$ 4,609
Percentage increase in lease payments		3.00%
Lease term		62 months

Leases - Summary of components

Leases - Summary of components of lease expense (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Operating Lease, Liability [Abstract]
Operating lease cost	$ 267,106
Variable lease cost	53,003
Operating lease expense	320,110
Short-term lease rent expense	32,132
Total rent expense	352,242
Operating cash flows - operating leases	184,560	$ (90,054)
Right-of-use assets obtained in exchange for operating lease liabilities	$ 7,616,513
Weighted-average remaining lease term operating leases - (in years)	8 years 6 months
Weighted-average discount rate - operating leases	3.75%

Leases - Summary of future mini

Leases - Summary of future minimum payments during the next five years and thereafter (Details)	Mar. 31, 2022USD ($)
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
2022 (excluding the quarter ended March 31, 2022)	$ 556,782
2023	743,549
2024	745,345
2025	704,453
2026	683,704
Thereafter	2,593,782
Lessee, Operating Lease, Liability, to be Paid, Total	6,027,615
Less present value discount	(877,831)
Operating lease liabilities	$ 5,149,784

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($)	Sep. 02, 2021	Mar. 31, 2022
Income Tax Contingency [Line Items]
Operating lease rent expenses		$ 352,242
Wells Fargo Bank [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Income Tax Contingency [Line Items]
Debt instrument variable interest rate spread	1.50%
Wells Fargo Bank [Member] | Revolving Credit Facility [Member]
Income Tax Contingency [Line Items]
Line of credit maximum borrowing capacity		$ 9,500,000
Line of credit facility maturity date	Aug. 31, 2022
Line of credit facility interest rate description	Simple Secured Overnight Financing Rate (“SOFR”) plus 1.5% per annum

Deferred Tax Assets and Liabi_3

Deferred Tax Assets and Liabilities - Schedule Of Effective Income Tax Rate Reconciliation (Details) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Income tax (benefit) expense at statutory rates	$ (2,968,062)	$ (1,444,503)
Valuation allowance for deferred tax assets	2,947,086	1,390,076
Stock-based compensation	12,642	178,462
Other, net	14,108	(124,035)
Reported income tax (benefit) expense	$ 5,774	$ 0
Effective tax rate:	0.00%	0.00%

Deferred Tax Assets and Liabi_4

Deferred Tax Assets and Liabilities - Schedule of Deferred Tax Assets and Liabilities (Detail) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Noncurrent deferred tax assets:
Net operating loss carryforwards	$ 13,633,013	$ 11,999,882
Property and equipment	689,750	686,601
Research and development credits	223,613	165,216
Accrued expenses	58,900	98,296
Charitable contributions	41,298	38,447
Unexercised options	654,978	679,688
Total noncurrent deferred tax assets	17,128,473	13,686,081
Noncurrent deferred tax liabilities:
Deferred rent asset	549,483	568,787
Intangible assets	1,826,921	17,951
Total noncurrent deferred tax liabilities	549,483	568,787
Net noncurrent deferred tax assets	16,578,990	13,117,294
Valuation allowance	(16,578,990)	(13,124,828)
Total net noncurrent deferred tax liabilities	$ 0	$ 7,534

Deferred Tax Assets and Liabi_5

Deferred Tax Assets and Liabilities - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Deferred Income Tax Assets And Liabilities [Line Items]
Net increase decrease in the valuation allowance for defered tax assets and liabilities	$ 3,500,000
Federal net operating losses	54,600,000	$ 48,000,000
State	13,000
Unrecorded Tax Liabilities	0
Credits total	500,000	400,000
Picky Bars [Member]
Deferred Income Tax Assets And Liabilities [Line Items]
Deferred tax assets, goodwill	$ 1,500,000
Maximum [Member]
Deferred Income Tax Assets And Liabilities [Line Items]
Statute Of Limitations Period	20 years
Minimum [Member]
Deferred Income Tax Assets And Liabilities [Line Items]
Statute Of Limitations Period	5 years
State and Local Jurisdiction [Member]
Deferred Income Tax Assets And Liabilities [Line Items]
Federal net operating losses	$ 27,600,000	24,500,000
State and Local Jurisdiction [Member] | Maximum [Member]
Deferred Income Tax Assets And Liabilities [Line Items]
Statute Of Limitations Period	20 years
State and Local Jurisdiction [Member] | Minimum [Member]
Deferred Income Tax Assets And Liabilities [Line Items]
Statute Of Limitations Period	15 years
UsAndStateJurisdictionMember | Maximum [Member]
Deferred Income Tax Assets And Liabilities [Line Items]
Statute Of Limitations Period	5 years
UsAndStateJurisdictionMember | Minimum [Member]
Deferred Income Tax Assets And Liabilities [Line Items]
Statute Of Limitations Period	3 years
Tax Year Two Thousand And Thirty Six [Member]
Deferred Income Tax Assets And Liabilities [Line Items]
Federal net operating losses	$ 1,900,000
Federal net operating losses limitations on usage	20 years
Indefinitely [Member]
Deferred Income Tax Assets And Liabilities [Line Items]
Federal net operating losses	$ 52,800,000	$ 46,200,000
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		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Schedule Of Share Based Compensation Stock Options and Restricted Stock Activity [Line Items]
Balance at the beginning, Options Activity	747,800	887,640	887,640
Stock option units	216,660	44,068
Exercised/released, Options Activity	(1,750)	(28,148)
Cancelled/forfeited, Options Activity	(74,317)	(2,750)
Balance at the end, Options Activity	888,393	900,810	747,800	887,640
Exercisable, Options Activity	531,278	543,598
Balance at the beginning, Weighted Average Exercise Price (per share)	$ 11.51	$ 9.65	$ 9.65
Granted, Weighted Average Exercise Price (per share)	3.99	45.53
Exercised/released, Weighted Average Exercise Price (per share)	8.14	6.16
Cancelled/forfeited, Weighted Average Exercise Price (per share)	17.96	11.71
Balance at the end, Weighted Average Exercise Price (per share)	10.97	11.42	$ 11.51	$ 9.65
Exercisable, Weighted Average Exercise Price (per share)	$ 8.73	$ 7.55
Weighted Average Remaining Contractual Term (years)	7 years 1 month 6 days	6 years 4 months 6 days	6 years 6 months 25 days	6 years 5 months 1 day
Exercisable, Weighted Average Remaining Contractual Term (years)	5 years 10 months 2 days	5 years 2 months 8 days
Aggregate intrinsic value	$ (283,924)	$ 23,488,929	$ 1,143,013	$ 33,433,274
Exercisable, Aggregate intrinsic value	$ 283,924	$ 16,264,671

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 ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Abstract]
Weighted-average expected volatility	52.05%	51.92%
Weighted-average expected term (years)	6 years 3 months	6 years 3 months
Weighted-average expected risk-free interest rate	1.71%	0.63%
Dividend yield	0.00%	0.00%
Weighted-average fair value of options granted	$ 3.99	$ 21.50

Stock Incentive Plan - Addition

Stock Incentive Plan - Additional Information (Detail)	May 01, 2021USD ($)	Mar. 31, 2022USD ($)Employeesshares	Mar. 31, 2021USD ($)shares	Dec. 31, 2021USD ($)shares	Sep. 22, 2020shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Compensation Cost Related to Non-Vested Stock Option		$ (54,495)	$ 899,235
Unrecognised share based compensation expense		$ 2,621,937		$ 2,282,174
Weighted-average vesting period		3 years
Common stock, shares authorized | shares		100,000,000		100,000,000
Payroll taxes withheld from stock based compensation		$ 0	$ 188,793
Stock option units | shares		216,660	44,068
Stock-Based Compensation Expense		$ 106,449	$ 396,246
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		$ 10,796	1,010,003
Unrecognised share based compensation expense		$ 1,875,837		$ 1,638,717
Weighted-average vesting period		2 years 5 months 26 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		$ (464,462)	$ 385,486
Unrecognised share based compensation expense		$ 767,939		$ 1,927,898
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		1 year 10 months 2 days
Divindend rate		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		135,777	21,766
Shares issued during the period restricted stock awards net of forfeitures,value		$ 363,338	$ 39,478
Number of employees to whom the restricted stock was granted | Employees		214
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
Reversal of stock compensation expense		$ 883,324
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		$ 5,471
Purchase price of common stock, percent to its market value	85.00%
Stock issued during period, value, employee stock purchase plan	$ 12,000

Earnings per Share - Summary of

Earnings per Share - Summary of Earnings Per Share (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Earnings Per Share [Abstract]
Net loss	$ (14,139,402)	$ (5,330,504)
Weighted average shares outstanding- basic and diluted	9,095,441	8,894,495
Common stock options and restricted stock awards excluded due to anti-dilutive effect	1,097,778	1,169,237
Basic and diluted:
Net loss per share (basic)	$ (1.55)	$ (0.60)
Net loss per share (diluted)	(1.55)	(0.60)
Net loss per share, basic and diluted	$ (1.55)	$ (0.60)

Concentrations - Additional Inf

Concentrations - Additional Information (Detail)	3 Months Ended		12 Months Ended
	Mar. 31, 2022USD ($)VendorsCustomerSuppliers	Mar. 31, 2021USD ($)SuppliersCustomer	Dec. 31, 2021Customer
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Two Customer [Member]
Concentration Risk [Line Items]
Receivables from customer | $	$ 526,274	$ 486,729
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Three Customers [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	38.00%		57.00%
Number of customers			3
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Two Customer [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	22.00%	29.00%
Number of customers	2	2
Vendors Concentration Risk [Member] | Liabilities, Total [Member] | Accounts Payable [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	43.00%		12.00%
Number of vendors | Vendors	2
Supplier Concentration Risk [Member] | Cost of Goods and Service Benchmark [Member] | Vietnam [Member]
Concentration Risk [Line Items]
Concentration risk, percentage		62.00%
Supplier Concentration Risk [Member] | Cost of Goods and Service Benchmark [Member] | Indonesia [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	75.00%
Supplier Concentration Risk [Member] | Cost of Goods and Service Benchmark [Member] | Products [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	75.00%	51.00%
Number of supplier | Suppliers	2	1

Related Party - Additional Info

Related Party - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Dec. 03, 2020
Related Party Transaction [Line Items]
Cash Received	$ 111,800		$ 116,571
Marketing Expense	$ 1,062,645	$ 700,864
Covid nineteen [Member]
Related Party Transaction [Line Items]
Cash Received				$ 298,103
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
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

Revenue Recognition - Summary O

Revenue Recognition - Summary Of Disaggregation Of Revenue Based On Products Sold (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 9,340,013	$ 7,396,895
Coffee Creamers [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	5,454,407	5,021,648
Hydration and Beverage Enhancing Supplements [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	1,457,431	1,230,055
Coffee Tea and Hot Chocolate Products [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	1,816,184	1,901,092
Harvest Snacks And Other Food Items [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	1,686,791	142,903
Other [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	238,324	50,939
Gross Sales [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	10,653,137	8,346,637
Shipping income [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	248,192	25,659
Returns and discount [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ (1,561,316)	$ (975,401)
Product Concentration Risk [Member] | Revenue, Product and Service Benchmark [Member]
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage	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	58.00%	68.00%
Product Concentration Risk [Member] | Revenue, Product and Service Benchmark [Member] | Hydration and Beverage Enhancing Supplements [Member]
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage	16.00%	17.00%
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	19.00%	26.00%
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	18.00%	2.00%
Product Concentration Risk [Member] | Revenue, Product and Service Benchmark [Member] | Other [Member]
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage	3.00%	0.00%
Product Concentration Risk [Member] | Revenue, Product and Service Benchmark [Member] | Gross Sales [Member]
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage	114.00%	113.00%
Product Concentration Risk [Member] | Revenue, Product and Service Benchmark [Member] | Shipping income [Member]
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage	3.00%	0.00%
Product Concentration Risk [Member] | Revenue, Product and Service Benchmark [Member] | Returns and discount [Member]
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage	(17.00%)	(13.00%)

Revenue Recognition - Summary_2

Revenue Recognition - Summary Of Disaggregation Of Revenue Based On Channels (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Disaggregation Of Revenue Based On Channels [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 9,340,013	$ 7,396,895
Online [Member]
Disaggregation Of Revenue Based On Channels [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	5,423,951	4,362,407
Wholesale [Member]
Disaggregation Of Revenue Based On Channels [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	3,795,070	2,893,697
Food Service [Member]
Disaggregation Of Revenue Based On Channels [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 120,992	$ 140,791
Channels Concentration Risk [Member] | Revenue, Segment Benchmark [Member]
Disaggregation Of Revenue Based On Channels [Line Items]
Concentration risk, percentage	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%	59.00%
Channels Concentration Risk [Member] | Revenue, Segment Benchmark [Member] | Wholesale [Member]
Disaggregation Of Revenue Based On Channels [Line Items]
Concentration risk, percentage	41.00%	39.00%
Channels Concentration Risk [Member] | Revenue, Segment Benchmark [Member] | Food Service [Member]
Disaggregation Of Revenue Based On Channels [Line Items]
Concentration risk, percentage	1.00%	2.00%

Revenue Recognition - Additiona

Revenue Recognition - Additional information (Detail) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Accounts receivable, net	$ 1,261,562	$ 1,268,718
Accrued Liabilities [Member]
Contract liability	3,489
Refund Liability		25,340
Inventory Finished Goods [Member]
Contract assets	$ 607	$ 8,316