Laird Superfood (LSF) 10-K 16 Mar 21 2020 FY Annual report Financial data

Cover Page

Cover Page - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Mar. 15, 2021
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
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	No
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
City Area Code	888
Local Phone Number	670-6796
Title of 12(b) Security	Common Stock
Trading Symbol	LSF
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding		8,895,352
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
ICFR Auditor Attestation Flag	false
Entity Public Float	$ 291.1

BALANCE SHEETS

BALANCE SHEETS - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Current assets
Cash and cash equivalents	$ 57,208,080	$ 1,004,109
Accounts receivable, net	839,659	384,806
Investment securities available-for-sale	8,706,844	5,485,209
Inventory	6,295,898	2,435,965
Prepaid expenses and other current assets	2,847,319	590,808
Deposits	97,674	143,327
Total current assets	75,995,474	10,044,224
Noncurrent assets
Property and equipment, net	3,263,488	3,153,286
Fixed assets held for sale	250,000
Licensing agreement - intangible	132,100	132,100
Deferred rent	2,696,646	3,057,432
Other assets	4,992	15,143
Total noncurrent assets	6,347,226	6,357,961
Total assets	82,342,700	16,402,185
Current liabilities
Accounts payable	1,315,964	724,751
Payroll liabilities	722,915	491,092
Accrued expenses	704,543	301,046
Total current liabilities	2,743,422	1,516,889
Long-term liabilities
Note payable	51,000	51,000
Total long-term liabilities	51,000	51,000
Total liabilities	2,794,422	1,567,889
Commitments and contingencies (Note 9)
Convertible preferred stock
Preferred stock		6,722,951
Total convertible preferred stock		6,722,951
Stockholders' equity
Common stock, $0.001 par value, 100,000,000 and 9,600,000 shares authorized as of December 31, 2020 and December 31, 2019; 9,247,758 and 8,892,886 issued and outstanding at December 31, 2020, respectively; 4,551,950 and 4,188,558 issued and outstanding at December 31, 2019, respectively	8,893	4,188
Additional paid-in capital	111,452,346	27,184,250
Accumulated other comprehensive income (loss)	14,207	(226)
Accumulated deficit	(31,927,168)	(19,076,867)
Total stockholders' equity	79,548,278	8,111,345
Total liabilities, convertible preferred stock and stockholders' equity	$ 82,342,700	$ 16,402,185

BALANCE SHEETS (Parenthetical)

BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2020	Dec. 31, 2019
Temporary equity par or stated value per share	$ 0.001	$ 0.001
Temporary equity shares authorized	5,000,000	1,329,680
Temporary equity shares issued	0
Temporary equity shares outstanding	0
Common stock par or stated value per share	$ 0.001	$ 0.001
Common stock shares authorized	100,000,000	9,600,000
Common stock shares issued	9,247,758	4,551,950
Common stock shares outstanding	8,892,886	4,188,558
Series A One Redeemable Convertible Preferred Stock [Member]
Temporary equity shares authorized		1,177,426
Temporary equity shares issued	0	162,340
Temporary equity shares outstanding	0	162,340
Temporary equity shares undesignated		609,078
Series A Two Redeemable Convertible Preferred Stock [Member]
Temporary equity shares authorized		152,253
Temporary equity shares issued	0	152,253
Temporary equity shares outstanding	0	152,253

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Net Income (Loss) Available to Common Stockholders, Basic [Abstract]
Sales, net	$ 26,006,398	$ 13,103,728
Cost of goods sold	(19,204,642)	(8,019,094)
Gross profit	6,801,756	5,084,634
General and administrative
Salaries, wages and benefits	3,533,478	2,423,005
Stock-based compensation	1,424,803	700,384
Professional fees	963,791	491,465
Insurance expense	666,045	132,637
Office expense	503,817	416,160
Occupancy	229,303	157,697
Merchant service fees	375,792	157,737
Netsuite subscription expense	125,916	157,752
Impairment on asset held for sale	239,734	0
Other expense	765,600	564,347
Total general and administrative expenses	8,828,279	5,201,184
Research and product development
Salaries, wages and benefits	272,605	216,657
Product development expense	209,275	80,724
Stock-based compensation	10,261	7,741
Other expense	16,029	19,162
Total research and product development expenses	508,170	324,284
Sales and marketing
Salaries, wages and benefits	2,669,384	2,609,825
Stock-based compensation	661,026	207,686
Advertising	4,457,213	3,131,332
General marketing	1,592,180	1,157,920
Amazon selling fee	743,981	541,009
Travel expense	84,148	330,121
Other expense	186,546	333,244
Total sales and marketing expenses	10,394,478	8,311,137
Total expenses	19,730,927	13,836,605
Operating loss	(12,929,171)	(8,751,971)
Other income (expense)
Interest and dividend income	64,943	239,175
Gain on sale of available-for-sale securities	13,927	7,664
Interest expense	0	(48,816)
Grant income	0	50,000
Total other income	78,870	248,023
Loss before income taxes	(12,850,301)	(8,503,948)
Benefit from income taxes
Net loss	(12,850,301)	(8,503,948)
Add deemed contribution from the redemption of preferred stock	0	7,448,879
Less deemed dividend of beneficial conversion feature	(825,366)	0
Less deemed dividend on warrant discount	(825,366)	0
Net loss attributable to Laird Superfood, Inc. common stockholders	$ (14,501,033)	$ (1,055,069)
Net loss per share attributable to Laird Superfood, Inc common stockholders:
Basic	$ (2.61)	$ (0.29)
Diluted	$ (2.61)	$ (0.29)
Weighted-average shares of common stock outstanding used in computing net loss per share of common stock	5,546,078	3,668,050

STATEMENTS OF COMPREHENSIVE LOS

STATEMENTS OF COMPREHENSIVE LOSS - USD ($)		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019
Statement of Comprehensive Income [Abstract]
Net loss		$ (12,850,301)	$ (8,503,948)
Other comprehensive income (loss), net of tax
Change in unrealized gains (losses) on investment securities available-for-sale, net of tax	[1]	14,433	(226)
Total other comprehensive income (loss)		14,433	(226)
Comprehensive loss		$ (12,835,868)	$ (8,504,174)
[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 10 for the estimated tax benefit deferred.

STATEMENTS OF CONVERTIBLE PREFE

STATEMENTS OF CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' EQUITY - USD ($)	Total	Convertible Preferred Stock [Member]	Convertible Preferred Stock [Member]Conversion Of Temporary Equity Into Permanent Equity Issue Of Equity [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Accumulated Deficit [Member]
Temporary Equity, Balance Begining at Dec. 31, 2018		$ 21,727,098
Temporary Equity, Balance Begining, Shares at Dec. 31, 2018		923,670
Stockholders' Equity, Balance Begining at Dec. 31, 2018	$ (269,046)			$ 3,591	$ 10,300,282		$ (10,572,919)
Stockholders' Equity, Balance Begining, Shares at Dec. 31, 2018				3,590,692
Stock-based compensation	851,338				851,338
Stock option exercises	$ 50,769			$ 20	50,749
Stock option exercises, Shares	21,140			21,140
Less: repurchased common stock, Value	$ (1,145,968)			$ (91)	(1,145,877)
Less: repurchased common stock, Shares				(92,246)
Preferred share conversion, Permanent Equity, Shares				128
Preferred stock issuance costs		$ (52,073)
Preferred share conversion, Temporary Equity, Value			$ (280)
Preferred share conversion, Temporary Equity, In Shares			(64)
Preferred share conversion, Permanent Equity	280				280
Common stock issuances	9,698,296			$ 668	9,697,628
Common stock issuances, Shares				668,844
Common stock issuance costs	(19,029)				(19,029)
Other comprehensive income, net of tax	(226)					$ (226)
Less: repurchased preferred stock		$ (7,500,000)
Less: repurchased preferred stock, Shares		(609,013)
Deemed Contribution from the redemption of Preferred Stock	7,448,879	$ (7,448,879)			7,448,879
Preferred stock redemption costs		(2,915)
Net loss	(8,503,948)						(8,503,948)
Temporary Equity, Balance Ending at Dec. 31, 2019	6,722,951	$ 6,722,951
Temporary Equity, Balance Ending, Shares at Dec. 31, 2019		314,593
Stockholders' Equity, Balance Ending at Dec. 31, 2019	8,111,345			$ 4,188	27,184,250	(226)	(19,076,867)
Stockholders' Equity, Balance Ending, Shares at Dec. 31, 2019				4,188,558
Stock-based compensation	2,318,502			$ 15	2,318,487
Stock-based compensation, Shares				14,660
Stock option exercises	$ 259,747			$ 19	259,728
Stock option exercises, Shares	23,434			19,434
Less: repurchased common stock, Value	$ (20,532)			$ (1)	(20,531)
Less: repurchased common stock, Shares				(1,416)
Preferred stock issuances		$ 10,000,006
Preferred stock issuances, Shares		383,142
Preferred share conversion, Permanent Equity, Shares				1,395,470
Beneficial conversion feature on Preferred Series B-1, Temporary Equity		$ (825,366)
Beneficial conversion feature on Preferred Series B-1, Permanent Equity	825,366				825,366
Deemed dividend of beneficial conversion feature, Temporary Equity		825,366
Deemed dividend of beneficial conversion feature, Permanent Equity	(825,366)				(825,366)
Allocation of preferred series B-1 proceeds to warrant, Temporary Equity		(825,366)
Allocation of preferred series B-1 proceeds to warrant, Permanent Equity	825,366				825,366
Deemed dividend on warrant discount, Temporary Equity		825,366
Deemed dividend on warrant discount, Permanent Equity	(825,366)				(825,366)
Preferred stock issuance costs		$ (147,721)
Preferred share conversion, Temporary Equity, Value			$ (16,575,236)
Preferred share conversion, Temporary Equity, In Shares			(697,735)
Preferred share conversion, Permanent Equity	16,575,236			$ 1,396	16,573,840
Common stock issuances	66,110,517			$ 3,276	66,107,241
Common stock issuances, Shares				3,276,180
Common stock issuance costs	(1,268,772)				(1,268,772)
Other comprehensive income, net of tax	14,433					14,433
Capital contribution	298,103				298,103
Net loss	$ (12,850,301)						(12,850,301)
Temporary Equity, Balance Ending, Shares at Dec. 31, 2020	0
Stockholders' Equity, Balance Ending at Dec. 31, 2020	$ 79,548,278			$ 8,893	$ 111,452,346	$ 14,207	$ (31,927,168)
Stockholders' Equity, Balance Ending, Shares at Dec. 31, 2020				8,892,886

STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Cash flows used in operating activities
Net loss	$ (12,850,301)	$ (8,503,948)
Adjustments to reconcile net loss to net cash from operating activities:
Depreciation	474,621	300,561
Loss on disposal of equipment		483
Stock-based compensation	2,318,502	851,338
Noncash conversion of note payable to grant income		(50,000)
Impairment on asset held for sale	239,734	0
Gain on sale of investment securities available-for-sale	13,927	7,664
Changes in operating assets and liabilities:
Accounts receivable	(454,853)	(9,934)
Inventory	(3,859,933)	(1,253,732)
Prepaid expenses and other current assets	(2,256,511)	(136,669)
Deferred rent	360,786	(1,131,393)
Deposits	30,954	80,750
Other assets	10,151	2,598
Accounts payable	591,213	(60,741)
Payroll liabilities	231,823	307,911
Accrued expenses	403,497	161,881
Net cash from operating activities	(14,746,390)	(9,433,231)
Cash flows used in investing activities
Purchase of property, equipment, and software	(1,059,858)	(2,423,965)
Deposits on equipment to be acquired		(14,699)
Purchase of investment securities available-for-sale	(8,171,129)	(12,493,099)
Proceeds from maturities of investment securities available-for-sale	4,950,000	7,000,000
Net cash from investing activities	(4,280,987)	(7,931,763)
Cash flows from financing activities
Payments on line of credit		(5,000,000)
Draw on line of credit		5,000,000
Issuance of common stock	66,110,517	9,698,296
Redemption of preferred stock		(7,503,195)
Issuance of preferred stock	10,000,006
Common stock issuance costs	(1,268,772)	(71,102)
Preferred stock issuance costs	(147,721)
Capital contribution	298,103
Repurchased common stock	(20,532)	(1,145,968)
Stock options exercised	259,747	51,049
Net cash from financing activities	75,231,348	1,029,080
Net change in cash and cash equivalents	56,203,971	(16,335,914)
Cash and cash equivalents beginning of period	1,004,109	17,340,023
Cash and cash equivalents end of period	57,208,080	1,004,109
Supplemental disclosures of cash flow information
Interest paid		48,816
Supplemental disclosures of non-cash information
Deemed contribution from redemption of preferred stock		7,448,879
Unrealized gain (loss) on available-for-sale securities	14,433	(226)
Conversion of preferred stock to common stock	16,575,236
Purchases of equipment included in deposits at the beginning of the period	$ 14,699	4,577
Purchases of land included in prepaids and other current assets at the beginning of the period		$ 40,000

Nature of Operations and Summar

Nature of Operations and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2020
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 audited financial statements include the accounts of Laird Superfood, Inc. (the “Company” or “Laird Superfood”), a Delaware corporation. On July 3, 2018, the Company entered into a plan of conversion and was converted from a corporation under the laws of the State of Oregon to a corporation under the laws of the State of Delaware with an updated par value of $0.001 per share of common stock. Nature of Operations Laird Superfood, Inc. 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, and roasted and instant coffees, teas and hot chocolate. The Company was founded in 2015. Initial Public Offering On September 25, 2020, the Company completed its initial public offering (“IPO”), in which the Company issued and sold 3,047,500 shares of its common stock at a public offering price of $22 per share, including 397,500 shares of common stock upon the exercise of the underwriter’s option to purchase additional shares. After underwriting discounts and commissions and other offering costs, net proceeds from the IPO were approximately $61,966,237. Offering costs of approximately $1,268,772 were recognized as a reduction of additional-paid-in Upon the closing of the IPO, all outstanding shares of the Company’s preferred stock converted into shares of common stock, consisting of (i) 162,340 outstanding shares of Series A-1 A-2 B-1 Concurrent Private Placement Danone Manifesto Ventures, PBC (“DMV”) purchased 90,910 shares of our common stock in a private placement immediately subsequent to the consummation of the IPO for a total purchase price of $2,000,020, at a price per share of $22. Basis of Accounting The financial statements include the accounts of the Company. The accounting and reporting policies of the Company conform with accounting principles generally accepted in the United States of America (“GAAP”) as contained within the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) and rules and regulations of the Securities and Exchange Commission (“SEC”). Operating results include the years ended December 31, 2020 and 2019. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, and expenses during the reporting period. The Company bases its estimates and assumptions on historical experience, known trends and events and various other factors that management believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Although management believes its estimates and assumptions are reasonable when made, they are based upon information available at the time they are made. Management evaluates the estimates and assumptions on an ongoing basis and, if necessary, makes adjustments. Due to the risks and uncertainties involved in the Company’s business and evolving market conditions and given the subjective element of the estimates and assumptions made, actual results may differ from estimated results. The most significant estimates and judgments impact allowances for doubtful accounts and returns, inventory obsolescence, valuation allowance for deferred taxes, fair value of stock-based compensation, beneficial conversion feature, and discount on warrants. Segment reporting The Company currently has one operating segment. In accordance with ASC 280, Segment Reporting 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. December 31, December 31, Cash and cash equivalents $ 56,909,977 $ 1,004,109 Restricted cash 298,103 — Total cash, cash equivalents, and restricted cash shown in the statement of cash flows $ 57,208,080 $ 1,004,109 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 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 Accounts Receivable, net Accounts receivable, net consists principally of trade receivables, which are recorded at the invoiced amount, net of allowances for doubtful accounts. Trade receivables do not bear interest. Receivables are considered past due or delinquent according to contract terms. Management closely monitors outstanding balances and writes off accounts receivable as they are determined uncollectible. The Company provides for estimated losses on accounts receivable based on prior bad debt experience and a review of existing receivables. Based on these factors, management determined no allowance for doubtful accounts was required as of December 31, 2020. As of December 31, 2019, management established a $14,786 allowance for doubtful accounts. Investments Investment securities that are not classified as either held-to-maturity available-for-sale available-for-sale Inventory Inventory is stated at the lower of cost (first-in, first-out) December 31, December 31, Raw materials and packaging $ 4,109,706 $ 1,187,513 Finished goods 2,186,192 1,248,452 Total $ 6,295,898 $ 2,435,965 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 year ended December 31, 2020, the Company recorded $421,565 in inventory obsolescence primarily related to the Company’s liquid creamer product line. For the year ended December 31, 2019, the Company did not have a charge related to inventory obsolescence, as the majority of products manufactured consisted of powder-based products which have an extensive shelf life. As of December 31, 2020 and 2019, the Company had a total of $958,166 and $100,387, respectively, of prepayments for future raw materials inventory, which is included in prepaid expenses on the balance sheets. Property and Equipment 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. Depreciation expense is allocated to general and administrative expenses and cost of goods sold upon the sale of inventory. For the years ended December 31, 2020 and 2019, depreciation expense was $474,621 and $300,561, respectively. As of December 31, 2020 and 2019, the Company had a total of $0 and $14,699, respectively, of deposits for future equipment purchases, which is included in deposits on the balance sheets. Fixed Assets Held for Sale Long-lived assets identified by the Company for sale, which have met all criteria to be classified as held for sale, are disclosed separately on the balance sheet. Fixed assets held for sale are measured at the lower of the assets carrying amount or fair value less costs to sell, and depreciation is no longer recorded. Fixed assets held for sale as of December 31, 2020 include the Company’s intermittent motion form (“IMF”) production line. The Company had no fixed assets held for sale as of December 31, 2019. The Company determined a fair value less costs to sell of $250,000 for all assets associated with the IMF production line. As the determined fair value is less than the net carrying value of the assets, the Company recorded an impairment loss of $239,734 and $0 during the years ended December 31, 2020 and 2019, respectively. Deferred Rent Deferred rent includes tenant improvement costs that were incurred by the landlord, RII Lundgren Mill, LLC, in the build-out Revenue Recognition The Company’s significant accounting policy for revenue was updated as a result of the adoption of Accounting Standards Update (“ASU”) 2014-09. 2014-09 2014-09, 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 $4,074,802 and $1,751,142 for the years ended December 31, 2020 and 2019, respectively. Income generated from shipping costs billed through to customers was included in Sales, net in the statements of operations. Shipping income totaled $248,865 and $464,551 for the years ended December 31, 2020 and 2019, respectively. Research and Product Development Amounts spent on research and development activities are expensed as incurred as research and product development expense on the statements of operations. Research and product development expense was $508,170 and $324,284 for the years ended December 31, 2020 and 2019, respectively. Advertising Advertising and marketing costs are expensed when incurred. Advertising and marketing expenses for the years ended December 31, 2020 and 2019 was $6,049,393 and $4,289,252, respectively. Income Taxes Income taxes provide for the tax effects of transactions reported in the financial statements and consist of income taxes currently due and deferred tax assets and liabilities. The Company may also be subject to interest and penalties from taxing authorities on underpayment of income taxes. In such an event, interest and penalties are included in income tax expense. Deferred tax assets and liabilities are recognized for differences between the basis of assets and liabilities for financial statement and income tax purposes. The differences relate primarily to depreciable assets (use of different depreciation methods and lives for financial statement and income tax purposes) and net operating losses. The deferred tax assets and liabilities represent the future tax return consequences of those differences, which will either be taxable or deductible when the assets and liabilities are recovered or settled. Due to the historical net loss position of the Company, the Company recorded a full deferred tax valuation allowance of $7,563,110 and $4,584,174 as of December 31, 2020 and 2019, respectively. Repurchased Stock Management presents repurchased stock (at cost) as a reduction in stockholders’ equity to more clearly reflect the historical stock repurchase transactions. There were two common stock repurchase transactions during the year ended December 31, 2020, totaling 1,416 shares of common stock and $20,532. There were eight common stock repurchase transactions during the year ended December 31, 2019, totaling 92,246 shares of common stock and $1,145,968. Repurchases were valued at a price consistent with or less than the most recent private equity offering by the Company. Stock Incentive Plan The compensation cost relating to share-based payment transactions is recognized in the financial statements. The cost is measured based on the grant date fair value of the equity or liability instruments issued. Compensation cost for all employee stock awards is calculated and recognized over the employees’ service period, generally defined as the vesting period. For awards with graded-vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award. Compensation cost for all consultant stock awards is calculated and recognized over the consultant’s service period based on the grant date fair value of the equity or liability instruments issued. Upon exercise of stock option awards or vesting of restricted stock units, recipients are issued shares of common stock. Pre-vesting Earnings per Share Basic earnings per share is computed on the basis of the weighted average number of shares of common stock that were outstanding during the period. Diluted earnings per share is similarly determined, except that the denominator is increased to include the number of additional shares of common stock that would have been outstanding if all dilutive potential common stock and preferred stock had been issued and are calculated under the treasury stock method. Due to the Company’s net loss, all stock options, unvested restricted stock, and convertible preferred stock are anti-dilutive and excluded. Stock Split The Company’s board of directors and stockholders approved a 2-for-1 2-for-1 Warrants Issued and detachable stock warrants are classified as equity or liability instruments based on the specific terms of the underlying warrant agreement. In circumstances where debt or equity is issued with detachable warrants, the proceeds from issuance are allocated to each instrument based on an acceptable method, which generally involves determining the fair value of one or more of the instruments. In conjunction with the Company’s initial public offering, the warrant outstanding was cancelled. See additional information in Note 12. License Agreement—Intangible Asset On August 3, 2015, the Company entered into a license agreement with the Company’s co-founder On May 2, 2018, the Company entered into a license agreement with Gabrielle Reece, who is married to Mr. Hamilton (the “GR License”). Pursuant to the GR License, Ms. Reece granted the Company rights to her name, signature, voice, picture, image, likeness and biographical information commencing on July 1, 2015. This contribution, which is reported on the balance sheets as of December 31, 2020 and 2019, 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 one-hundred 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 JOBS Act Accounting Election The Company qualifies as an “emerging growth company,” as defined in the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”). Under the JOBS Act, emerging growth companies can delay adopting new or revised accounting standards issued subsequent to the enactment of the JOBS Act until such time as those standards apply to private companies. An emerging growth company can elect to use this extended transition period for complying with new or revised accounting standards that have different effective dates for public and private companies until the earlier of the date that it (i) is no longer an emerging growth company or (ii) affirmatively and irrevocably opts out of the extended transition period provided in the JOBS Act. Currently, the Company has elected to file as an emerging growth company defined under the JOBS Act, and as such, these financial statements may not be comparable to companies that comply with the new or revised accounting pronouncements as of public company effective dates. Recently Adopted Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (FASB) issued ASU 2014-09, 2014-09”). 2014-09 In January 2016, the FASB issued ASU No. 2016-01, 2016-01”) 2016-01 2016-01 In November 2016, the FASB issued ASU No. 2016-18, 2016-08”). beginning-of-period end-of-period 2016-08 2016-18 Cash, Cash Equivalents, and Restricted Cash In June 2018, the FASB issued ASU No. 2018-07, 2018-07”), 2018-07 2014-09. 2018-07 2018-07 Recently Issued Accounting Pronouncements In February 2016, the FASB issued ASU No. 2016-02, 2016-02”), right-of-use In June 2016, the FASB issued ASU No. 2016-13, 2018-19 2019-04 2019-05 2019-11 2020-02 2020-03 available-for-sale 2016-13 Subsequent Events Subsequent events are events or transactions that occur after the balance sheet date but before the financial statements are available to be issued. The Company has evaluated events and transactions subsequent to December 31, 2020 for potential recognition of disclosure in the financial statements. On March 4, 2021, the Compensation Committee of the Board of Directors of Laird Superfood, Inc. (the “Company”) approved a form of annual cash incentive plan (the “Bonus Plan”). The Company’s Chief Executive Officer, Chief Financial Officer, other full-time executives and key employees are eligible to participate in the Bonus Plan, subject to the discretion of the Compensation Committee. The Bonus Plan provides participants the opportunity to earn an annual cash payment based on the achievement of pre-established performance goals. Also on March 4, 2021, the Compensation Committee adopted performance goals and target payment amounts relating to the 2021 fiscal year. The 2021 performance goals consist of achieving net revenue targets (weighted at 75%), gross margin targets (weighted at 15%), and the demonstration of certain Company values (weighted at 10%).

Prepaid Expenses and Other Curr

Prepaid Expenses and Other Current Assets	12 Months Ended
	Dec. 31, 2020
Prepaid Expense and Other Assets, Current [Abstract]
Prepaid Expenses and Other Current Assets	2. Prepaid Expenses and Other Current Assets The following table presents the components of prepaid expenses and other current assets as of December 31, 2020 and 2019: December 31, December 31, 2020 2019 Prepaid insurance $ 1,446,189 $ 37,251 Prepaid inventory 958,166 100,387 Prepaid subscriptions and license fees 225,567 193,257 Prepaid, other 152,323 71,445 Prepaid consulting 13,963 69,813 Prepaid advertising — 74,400 Other current assets 51,111 44,255 $ 2,847,319 $ 590,808

Investment securities

Investment securities	12 Months Ended
	Dec. 31, 2020
Investments, Debt and Equity Securities [Abstract]
Investment securities	3. Investment securities Investment securities as of December 31, 2020 and 2019 consisted of the following: Amortized Gross Gross Estimated December 31, 2020 Federal agency bonds — mortgage-backed $ 8,692,637 $ 14,207 $ — $ 8,706,844 Total investment securities available-for-sale $ 8,692,637 $ 14,207 $ — $ 8,706,844 Amortized Gross Gross Estimated December 31, 2019 U.S Treasuries $ 5,485,435 $ — $ (226 ) $ 5,485,209 Total investment securities available-for-sale $ 5,485,435 $ — $ (226 ) $ 5,485,209 The amortized cost and estimated fair value of investment securities as of December 31, 2020, by contractual maturity, are shown below: Available-for-sale December 31, 2020 Amortized Estimated Due after one year through five years $ 8,692,637 $ 8,706,844 Total investment securities available-for-sale $ 8,692,637 $ 8,706,844 Investment securities with an estimated fair value of $8,706,844 and $5,485,209 as of December 31, 2020 and 2019, respectively, were pledged to secure our revolving line of credit. See Note 5 for additional information. The Company had three investments reach maturity totaling $4,950,000 during the year ended December 31, 2020. The Company also recorded two sales and recognized a gain of $13,927 during the year ended December 31, 2020. The Company had maturities of five investment securities totaling $7,000,000 during the year ended December 31, 2019 and recognized a gain of $7,664.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurements	4. Fair Value Measurements Factors used in determining the fair value of our assets and liabilities are summarized into three broad categories: • Level 1—quoted prices in active markets for identical securities as of the reporting date; • Level 2—other significant directly or indirectly observable inputs, including quoted prices for similar securities, interest rates, prepayment speeds and credit risk; and • Level 3—significant inputs that are generally less observable than objective sources, including our own assumptions in determining fair value. The factors or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The following tables summarize assets subject to fair value measurements: Fair Value as of December 31, 2020 Level 1 Level 2 Level 3 Federal agency bonds — mortgage-backed $ — $ 8,706,844 $ — Fixed assets held for sale $ — $ — $ 250,000 Fair Value as of December 31, 2019 Level 1 Level 2 Level 3 U.S Treasuries $ 5,485,209 $ — $ — The Company believes the carrying amounts of Cash, cash equivalents, and restricted cash, 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. Assets and Liabilities that are Measured at Fair Value on a Nonrecurring Basis The Company’s non-financial During the year ended December 31, 2020, long-lived assets were classified as held for sale, tested for impairment, and written down to their estimated fair values less costs to sell, and were included in assets held for sale as of December 31, 2020. The Level 3 fair values of the long-lived assets were determined using the income approach. The unobservable inputs to the income approach included the assets’ estimated future cash flows upon sale, as the determined fair value is less than the net carrying value of the assets, as depicted below. The Company recorded an impairment loss of $239,734 during the year ended December 31, 2020. December 31, December 31, Fair value $ 250,000 $ — Carrying value $ 489,734 $ —

Revolving Lines of Credit

Revolving Lines of Credit	12 Months Ended
	Dec. 31, 2020
Debt Disclosure [Abstract]
Revolving Lines of Credit	5. Revolving Lines of Credit 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 February 26, 2020 and has a maturity date of February 5, 2021. The balance on the line of credit was $0 as of December 31, 2020 and 2019. Management was in compliance with all financial covenants as of December 31, 2020 and 2019. 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 December 31, 2020 and 2019. Management was in compliance with all financial covenants as of December 31, 2020 and 2019. 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. 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	12 Months Ended
	Dec. 31, 2020
Debt Disclosure [Abstract]
Long-term Debt	6. Long-term Debt The following table presents the components of long-term debt: December 31, December 31, 2020 2019 Forgivable loan, City of Sisters $ 51,000 $ 51,000 Long-term debt $ 51,000 $ 51,000 City of Sisters On May 30, 2017, the Company entered into a forgivable loan agreement with the City of Sisters in the amount of $51,000. This forgivable loan was issued to help the Company expand its business operations in the city of Sisters, Oregon through eligible jobs. The Company had until May 30, 2020 to create jobs for 30 full-time employees with an average annual salary of $40,000 per person, and, once created and filled, the Company must maintain those jobs for an additional period of three years for the loan to be converted to a grant. If the requirements are not met, the Company is required to pay the loan in full, including interest of eight Deschutes County On April 11, 2018, the Company entered into a forgivable loan agreement with Deschutes County, Oregon in an amount up to $50,000. This forgivable loan was issued to help the Company expand its business operations in the city of Sisters, Oregon by increasing employment and investing in equipment and building improvements. Per the agreement, the Company had until December 31, 2019 to create jobs for 25 full-time employees with an average annual salary of $47,960 per person, and, once created and filled, must maintain those eligible jobs for an additional period of one year for the loan to be converted to a grant. If the requirements are not met, the Company would have been required to pay the loan in full, including interest of eight one-year

Property and Equipment, Net

Property and Equipment, Net	12 Months Ended
	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	7. Property and Equipment, Net Property and equipment, net is comprised of the following as of December 31, 2020 and 2019: December 31, December 31, 2020 2019 Factory equipment $ 2,418,839 $ 2,011,297 Land 947,394 947,394 Furniture and office equipment 532,116 465,972 Leasehold improvements 259,504 194,696 4,157,853 3,619,359 Accumulated depreciation (894,365 ) (466,073 ) Property and equipment, net $ 3,263,488 $ 3,153,286

Fixed Assets Classified as Held

Fixed Assets Classified as Held for Sale	12 Months Ended
	Dec. 31, 2020
Long Lived Assets Held For Sale By Asset [Abstract]
Fixed Assets Classified as Held for Sale	8. Fixed Assets Classified as Held for Sale On June 9, 2020, management approved a plan to dispose of the Company’s intermittent motion form (“IMF”) production line for its powder-based products. The Company determined a fair value of $250,000 for all assets associated with the IMF production line. No further commissions or sales costs (including shipping costs) are anticipated with the sale of the asset. The assets attributable to the production line have been classified as assets held for sale and are presented separately on the balance sheet. As the determined fair value is less than the net carrying value of the assets, the Company recorded an impairment loss of $239,734 during year ended December 31, 2020. The Company recorded no impairment loss for the year ended December 31, 2019. The major classes of assets comprising the fixed assets classified as held for sale as of December 31, 2020 and 2019 are as follows: December 31, December 31, 2020 2019 Factory equipment $ 250,000 $ — Fixed assets held for sale $ 250,000 $ —

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	9. Commitments and Contingencies The Company currently leases its warehouse space under a commercial lease with RII Lundgren Mill, LLC, dated March 1, 2018. The lease commenced March 1, 2018 with monthly payments of $6,475, to escalate after 24 months by the lesser of 3% or the Consumer Price Index (“CPI”) adjustment. The initial lease term is ten years, and the Company has the option to renew the lease for two additional five-year periods. The landlord has paid for many tenant improvements and the Company has committed to reimbursing the landlord, in additional rents, for specific improvements. On November 20, 2018, the Company completed the reimbursement of $797,471. The Company also issued the landlord 2,000 stock options on April 15, 2018 with a strike price of $7.50 per share in conjunction with this lease agreement. The Company executed a second lease for additional warehouse and office space under a commercial lease with RII Lundgren Mill, LLC, dated December 17, 2018. The lease commenced on July 1, 2019 with monthly payments of $12,784, to escalate after 24 months by the lesser of 3% or the CPI adjustment. The initial lease term is ten years, and the Company has the option to renew the lease for two additional five-year periods. The landlord has paid for many tenant improvements and the Company has committed to reimbursing the landlord, in additional rents, for specific improvements. On December 20, 2018, the Company completed the initial reimbursement of $1,202,529. The Company made the final reimbursement in the amount of $1,399,001 on December 31, 2019. On May 26, 2019, the Company executed and commenced an agricultural license agreement for the lease of agricultural land in Hanalei, Hawaii with PRW Princeville Development Company LLC (the “Hanalei Agricultural License”). Total monthly payments will be the greater of $1,000 or eight percent of total monthly gross sales of the business done and/or generated on, in, into or from the premises. The initial lease term is five years, with one option to extend the term by five years. The agreement was subsequently amended on September 19, 2019 to include a termination clause if the storefront and property in the Hanalei, Hawaii Lease, discussed below, is not executed. The amendment also expanded the permitted access to include access through other property to the public roadway. On November 3, 2020, the Company and PRW Princeville Development Company LLC entered a termination and release agreement, terminating the Hanalei Agricultural License effective as of October 30, 2020. On May 26, 2019, the Company executed a license agreement with PRW Princeville Development Company LLC for storefront and property in Hanalei, Hawaii (the “Hanalei Retail License”). Initially, total monthly payments will be the greater of $1,000 or eight percent of total monthly gross sales of the business done and/or generated on, in, into or from the property. The initial lease term is five years, with one option to extend the term by five years. The agreement will commence upon receipt of applicable permits, and if not obtained by January 1, 2020, the lease will terminate. The agreement was subsequently amended on September 19, 2019 to extend the initial permitting period from January 1, 2020 to July 1, 2020, and the payment terms to include the monthly minimum lease payment due the first of the month, with a reconciliation to gross sales in the subsequent month. The agreement was subsequently amended on July 23, 2020 to extend the initial permitting period from July 1, 2020 to April 15, 2021. On November 3, 2020, the Company and PRW Princeville Development Company LLC entered a termination and release agreement, terminating the Hanalei Retail License effective as of October 30, 2020. On March 26, 2020, the Company executed a commercial lease agreement for storage space with A Logistics, LLC. The initial lease term is six months and commenced on March 26, 2020. Monthly payments are $7,000. Under mutual agreement of both parties, the Company is continuing to lease the warehouse space on a month-to-month The following table sets forth the amounts of our significant contractual obligations and commitments with definitive payment terms as of December 31, 2020: Payments Due by Period Operating (1) Note Payable Total 2021 $ 237,737 $ 51,000 $ 288,737 2022 244,869 — 244,869 2023 252,216 — 252,216 2024 259,782 — 259,782 2025 267,575 — 267,575 Thereafter 864,546 — 864,546 $ 2,126,725 $ 51,000 $ 2,177,725 (1) Operating lease obligations related to our manufacturing facility leases dated March 1, 2018 and December 17, 2018. Rent expense is allocated to general and administrative expenses and cost of goods sold upon the sale of inventory. Rent expense for the years ended December 31, 2020 and 2019 was $856,680 and $520,835, respectively.

Deferred Tax Assets and Liabili

Deferred Tax Assets and Liabilities	12 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Deferred Tax Assets and Liabilities	10. Deferred Tax Assets and Liabilities The provision for income taxes results in effective tax rates which are different than the U.S. federal income tax statutory rate. A reconciliation of the differences for the years ended December 31, 2020 and 2019 was as follows: 2020 2019 Expected income tax benefit at federal statutory rate $ 2,727,696 $ 1,785,829 Expected income tax benefit at state statutory rates net of federal tax benefit 792,175 364,820 Stock based compensation (592,048 ) (231,609 ) Change in valuation allowances—net (2,978,937 ) (2,176,799 ) Other—net 51,114 257,759 Benefit from income taxes $ — $ — Effective tax rate 0 % 0 % The Company had a tax net loss for the years ended December 31, 2020 and 2019, and therefore expects no assessment of income taxes for such periods. Additionally, the net deferred tax assets are fully allowed for. Accordingly, there was no provision for, or benefit from, income taxes reported for the years ended December 31, 2020 and 2019. The Company’s deferred tax assets and liabilities consisted of the following as of December 31, 2020 and 2019: December 31, December 31, 2020 2019 Noncurrent deferred tax assets: Federal net operating loss carryforwards $ 5,332,738 $ 3,470,371 State net operating loss carryforwards 2,112,119 1,285,488 Federal depreciation and amortization 458,203 53,525 State depreciation and amortization 213,359 — Accrued—PTO 75,702 — Other 106,526 — Total noncurrent deferred tax assets 8,298,647 4,809,384 Noncurrent deferred tax liabilities: Federal depreciation and amortization $ — $ 179,720 State depreciation and amortization — 45,490 Deferred rent asset 735,537 — Total noncurrent deferred tax liabilities 735,537 225,210 Net noncurrent deferred tax assets $ 7,563,110 $ 4,584,174 Valuation allowance (7,563,110 ) (4,584,174 ) Total net noncurrent deferred tax assets $ — $ — 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. Based on this guidance, the Company provided a valuation allowance for the full amount. The net increase in the valuation allowance for deferred tax assets and liabilities for the years ended December 31, 2020 and 2019 was $2,978,937 and $2,176,799, respectively. This valuation allowance included the estimated tax liability of $2,983 related to the unrealized gain on investment securities available-for-sale , 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 three to five years.

Stock Incentive Plan

Stock Incentive Plan	12 Months Ended
	Dec. 31, 2020
Share-based Payment Arrangement [Abstract]
Stock Incentive Plan	11. 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 s 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 table summarizes the Company’s stock option activity during the years ended December 31, 2020 and 2019: December 31, 2020 Options Weighted Average Weighted Average Aggregate Balance at January 1, 2020 788,528 $ 8.42 7.17 $ 4,799,381 Granted 174,078 16.07 Exercised/released (23,434 ) 11.34 Cancelled/forfeited (51,532 ) 11.53 Balance at December 31, 2020 887,640 $ 9.65 6.42 $ 33,433,274 Exercisable at December 31, 2020 660,890 $ 6.94 5.55 $ 26,684,957 December 31, 2019 Options Weighted Average Weighted Average Aggregate Balance at January 1, 2019 641,500 $ 5.99 7.13 $ 4,057,973 Granted 297,900 12.39 Exercised/released (21,140 ) 2.40 Cancelled/forfeited (129,732 ) 6.46 Balance at December 31, 2019 788,528 $ 8.42 7.17 $ 4,799,381 Exercisable at December 31, 2019 376,506 $ 5.83 6.20 $ 3,265,254 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 for stock options of $937,366 and $846,436 for the years ended December 31, 2020 and 2019, respectively. At December 31, 2020 and 2019, there was $1,990,834 and $1,474,669, respectively, of total unrecognized compensation cost related to non-vested During the year ended December 31, 2020, the Company granted 15,646 shares of common stock to six employees which were fully vested as of the date of issuance and were granted and valued at the observable price for similar instruments. As a result of applying the provisions of ASC 718, the Company recorded stock-based compensation expense of $576,341 for the year ended December 31, 2020. During the year ended December 31, 2020, the Company granted 58,087 restricted stock units to 135 employees and Directors. As a result of applying the provisions of ASC 718, the Company recorded stock-based compensation expense of $287,101 for the year ended December 31, 2020. As of December 31, 2020 and 2019, there was $1,613,520 and $0, respectively, of total unrecognized compensation cost related to non-vested On September 23, 2020, the Company entered into an amended employment agreement with its Chief Marketing and Revenue Officer (the “Employment Agreement”), which automatically ended on December 31, 2020, the date upon which the employee retired from the Company. Among other terms of the Employment Agreement, the Company agreed to, upon retirement and entry into customary documentation at such time, extend the term of 109,024 stock options to December 31, 2025, resulting in incremental stock-based compensation expense recognized of $448,229 for the year ended December 31, 2020. 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 and modified stock award, on the date of grant or modification using a Black-Scholes option-pricing model, 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 year ended December 31, 2020 and 2019 was determined using the following assumptions: • Expected Term. • Risk-free Interest Rate. • Dividend Yield. • Expected Volatility 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 years ended December 31, 2020 and 2019, 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 Years Ended 2020 2019 Weighted-average expected volatility 71.29 % 61.50 % Weighted-average expected term (years) 6.23 6.01 Weighted-average expected risk-free interest rate 0.69 % 2.28 % Dividend yield 0.00 % 0.00 % Weighted-average fair value of options granted $ 18.28 $ 7.15

Preferred Stock

Preferred Stock	12 Months Ended
	Dec. 31, 2020
Preferred Stock Disclosure [Abstract]
Preferred Stock	12. Preferred Stock On September 25, 2020, the Company completed its IPO in which the Company issued and sold 3,047,500 shares of its common stock at a public offering price of $22.00 per share. Upon the closing of the IPO, all outstanding shares of the Company’s preferred stock converted into shares of common stock, consisting of (i) 162,340 outstanding shares of Series A-1 A-2 B-1 As of December 31, 2020, the Company is authorized to issue 5,000,000 shares of preferred stock, par value $0.001 per share, and there were no shares of preferred stock issued or outstanding. As of December 31, 2019, the Company was authorized to issue 1,329,680 shares of preferred stock, par value $0.001 per share, including 1,177,426 shares of Series A-1 A-2 A-1 A-2 Series A-1 A-2 Effective November 19, 2018, the Company executed a capital transaction of $25,000,000 with a private investor, with $15,000,000 funded at the closing date and an additional $10,000,000 to be funded one year following the execution. The additional tranche was determined to be embedded in the initial agreement and not subject to bifurcation accounting. The investing entity received Series A-1 In conjunction with this equity infusion, in November and December 2018, the Company further sold to existing stockholders an additional $7,000,000 of shares of Series A-1 A-2 All shares of Series A-1 A-2 A-1 A-2 A-1 A-2 Shares of Series A-2 paid-in-capital On November 18, 2019, the Company negotiated the repurchase of 609,013 shares of Series A-1 A-1 Series B-1 B-2 Effective April 13, 2020, the Company completed a private placement to DMV for 383,142 shares of its Series B-1 B-1 B-1 B-1 In connection with the closing of the private placement of Series B-1 B-1 In accordance with ASC 480, the Company recorded the Series B-1 paid-in-capital The discount was initially amortized as a deemed discount over approximately 11.5 months, which is estimated based on the expected timing of a warrant exercisability trigger and the customary lock-up

Earnings per Share

Earnings per Share	12 Months Ended
	Dec. 31, 2020
Earnings Per Share [Abstract]
Earnings per Share	13. Earnings per Share Basic earnings (loss) per share is determined by dividing net loss attributable to Laird Superfood, Inc. common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings (loss) per share is similarly determined, except that the denominator is increased to include the number of additional common and preferred shares that would have been outstanding if all dilutive potential common and preferred shares had been issued. Dilutive potential common and preferred shares consist of employee stock options and restricted stock units. The dilutive effect of employee stock options, restricted stock units, and convertible preferred stock issued by the Company and are calculated using the treasury stock method. The weighted average shares outstanding included 1,000 and Years Ended December 31, 2020 2019 Net loss $ (12,850,301 ) $ (8,503,948 ) Add deemed contribution from the redemption of preferred stock — 7,448,879 Less deemed dividend of beneficial conversion feature (825,366 ) — Less deemed dividend on warrant discount (825,366 ) — Net loss attributable to Laird Superfood, Inc. common stockholders $ (14,501,033 ) $ (1,055,069 ) Weighted average shares outstanding- basic 5,546,078 3,668,050 Dilutive securities — — Weighted average shares outstanding- diluted 5,546,078 3,668,050 Common stock options and restricted stock awards excluded due to anti-dilutive effect 945,027 2,492,375 Basic and diluted: Net loss per share (basic) $ (2.61 ) $ (0.29 ) Net loss per share (diluted) $ (2.61 ) $ (0.29 )

Concentrations

Concentrations	12 Months Ended
	Dec. 31, 2020
Risks and Uncertainties [Abstract]
Concentrations	14. Concentrations The Company had 70% of trade accounts receivable from three customers as of December 31, 2020. The Company had 81% of trade accounts receivable from three customers as of December 31, 2019. The Company had 43% of accounts payable due to four vendors as of December 31, 2020. The Company had 55% of accounts payable due to four vendors as of December 31, 2019. The Company sold a substantial portion of products to one customer (23%) for the year ended December 31, 2020. As of December 31, 2020 , , The Company purchased a substantial portion of products from one supplier (36%) for the year ended December 31, 2020, and from three suppliers (66%) for the year ended December 31, 2019. The loss of any major supplier could have a material adverse impact on the Company’s business, results of operation, cash flows and financial position. In addition, our top suppliers are in a similar geographic area, which increases the risk of significant supply disruptions from local and regional events. Vietnam, Indonesia, China, and Sri Lanka geographically accounted for approximately 69% of our total raw materials and packaging purchases for the year ended December 31, 2020. Vietnam and the Philippines geographically accounted for approximately 51% of our total raw material and packaging purchases for the year ended December 31, 2019. In the event that our supply from our current suppliers is interrupted, our operations may be interrupted resulting in lost revenue, added costs and distribution delays that could harm our business and customer relationships until we are able to identify and enter into an agreement with one or more alternative suppliers.

Related Party

Related Party	12 Months Ended
	Dec. 31, 2020
Related Party Transactions [Abstract]
Related Party	15. Related Party 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 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 one-hundred-year term Concurrent Private Placement Danone Manifesto Ventures, PBC (“DMV”) purchased 90,910 shares of our common stock in a private placement immediately subsequent to the consummation of the IPO for a total purchase price of $2,000,020, at a price per share of $22.00. Additionally, DMV provided the Company $298,103 in funds for the purpose of supporting three COVID-19

Revenue Recognition

Revenue Recognition	12 Months Ended
	Dec. 31, 2020
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, 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: Years Ended December 31, 2020 2019 $ % of Total $ % of Total Coffee creamers $ 18,433,345 70 % $ 9,330,678 71 % Hydration and beverage enhancing supplements 3,887,198 15 % 2,022,269 15 % Coffee, tea, and hot chocolate products 5,961,254 23 % 1,930,434 15 % Other 675,339 3 % 471,097 4 % Gross sales 28,957,136 111 % 13,754,478 105 % Shipping income 248,865 1 % 464,551 4 % Returns and discounts (3,199,603 ) (12 %) (1,115,301 ) (9 %) Sales, net $ 26,006,398 100 % $ 13,103,728 100 % The Company generates revenue through three channels: online, wholesale, and food service: Years Ended December 31, 2020 2019 $ % of Total $ % of Total Online $ 14,501,706 56 % $ 7,646,864 59 % Wholesale 10,996,517 42 % 5,295,024 40 % Food service 508,175 2 % 161,840 1 % Sales, net $ 26,006,398 100 % $ 13,103,728 100 % Contract assets and liabilities (rewards programs, accrued returns, and customer deposits) ar e and

Impact of COVID-19

Impact of COVID-19	12 Months Ended
	Dec. 31, 2020
Impact Of COVID Nineteen [Abstract]
Impact of COVID-19	17. Impact of COVID-19 Since January of 2020, the coronavirus (COVID-19)

Quarterly Results of Operations

Quarterly Results of Operations (Unaudited)	12 Months Ended
	Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]
Quarterly Results of Operations	18. Quarterly Results of Operations (Unaudited) The following tables present selected unaudited quarterly financial data for each full quarterly period of 2020 and 2019: 2020 (unaudited) December 31 September 30 June 30 March 31 Four Quarters Statement of Operations Data: Sales, net $ 7,301,270 $ 7,613,073 $ 5,608,830 $ 5,483,225 $ 26,006,398 Cost of goods sold (5,819,762 ) (5,734,144 ) (4,285,128 ) (3,365,608 ) (19,204,642 ) Gross profit 1,481,508 1,878,929 1,323,702 2,117,617 6,801,756 Operating expenses: General and administrative 3,177,448 2,218,819 1,832,442 1,599,570 8,828,279 Research and product development 144,180 102,879 117,796 143,315 508,170 Sales and marketing 2,666,900 2,939,061 2,395,701 2,392,816 10,394,478 Total operating expenses 5,988,528 5,260,759 4,345,939 4,135,701 19,730,927 Operating loss (4,507,020 ) (3,381,830 ) (3,022,237 ) (2,018,084 ) (12,929,171 ) Other (expense) income 13,423 26,746 15,847 22,854 78,870 Net loss $ (4,493,597 ) $ (3,355,084 ) $ (3,006,390 ) $ (1,995,230 ) $ (12,850,301 ) Less deemed dividend of beneficial conversion feature — — (825,366 ) — (825,366 ) Less deemed dividend on warrant discount — (645,939 ) (179,427 ) — (825,366 ) Net loss attributable to Laird Superfood, Inc. common stockholders $ (4,493,597 ) $ (4,001,023 ) $ (4,011,183 ) $ (1,995,230 ) $ (14,501,033 ) Net loss per share, basic and diluted $ (0.51 ) $ (1.32 ) $ (1.28 ) $ (0.98 ) Shares used in computing net loss per share, basic and diluted 8,876,431 4,672,041 4,325,265 4,281,346 2019 (unaudited) December 31 September 30 June 30 March 31 Four Quarters Statement of Operations Data: Sales, net $ 4,171,086 $ 3,487,335 $ 2,954,190 $ 2,491,117 $ 13,103,728 Cost of goods sold (2,722,605 ) (2,026,930 ) (1,804,956 ) (1,464,603 ) (8,019,094 ) Gross profit 1,448,481 1,460,405 1,149,234 1,026,514 5,084,634 Operating expenses: General and administrative 1,491,383 1,376,302 1,426,954 906,545 5,201,184 Research and product development 137,872 109,978 42,866 33,568 324,284 Sales and marketing 2,045,841 2,385,080 2,018,646 1,861,570 8,311,137 Total operating expenses 3,675,096 3,871,360 3,488,466 2,801,683 13,836,605 Operating loss (2,226,615 ) (2,410,955 ) (2,339,232 ) (1,775,169 ) (8,751,971 ) Other (expense) income 67,519 37,773 88,047 54,684 248,023 Net loss $ (2,159,096 ) $ (2,373,182 ) $ (2,251,185 ) $ (1,720,485 ) $ (8,503,948 ) Deemed contribution from the redemption of preferred stock 7,448,879 7,448,879 Net income (loss) attributable to Laird Superfood, Inc. common stockholders $ 5,289,783 $ (2,373,182 ) $ (2,251,185 ) $ (1,720,485 ) $ (1,055,069 ) Net income (loss) per share, basic $ 1.31 $ (0.66 ) $ (0.64 ) $ (0.49 ) Shares used in computing net loss per share, basic 4,045,056 3,592,735 3,520,338 3,509,009 Net income (loss) per share, diluted $ 0.96 $ (0.66 ) $ (0.64 ) $ (0.49 ) Shares used in computing net loss per share, diluted 5,532,032 3,592,735 3,520,338 3,509,009

Nature of Operations and Summ_2

Nature of Operations and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Initial Public Offering	Initial Public Offering On September 25, 2020, the Company completed its initial public offering (“IPO”), in which the Company issued and sold 3,047,500 shares of its common stock at a public offering price of $22 per share, including 397,500 shares of common stock upon the exercise of the underwriter’s option to purchase additional shares. After underwriting discounts and commissions and other offering costs, net proceeds from the IPO were approximately $61,966,237. Offering costs of approximately $1,268,772 were recognized as a reduction of additional-paid-in Upon the closing of the IPO, all outstanding shares of the Company’s preferred stock converted into shares of common stock, consisting of (i) 162,340 outstanding shares of Series A-1 A-2 B-1
Concurrent Private Placement	Concurrent Private Placement Danone Manifesto Ventures, PBC (“DMV”) purchased 90,910 shares of our common stock in a private placement immediately subsequent to the consummation of the IPO for a total purchase price of $2,000,020, at a price per share of $22.
Basis of Accounting	Basis of Accounting The financial statements include the accounts of the Company. The accounting and reporting policies of the Company conform with accounting principles generally accepted in the United States of America (“GAAP”) as contained within the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) and rules and regulations of the Securities and Exchange Commission (“SEC”). Operating results include the years ended December 31, 2020 and 2019.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, and expenses during the reporting period. The Company bases its estimates and assumptions on historical experience, known trends and events and various other factors that management believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Although management believes its estimates and assumptions are reasonable when made, they are based upon information available at the time they are made. Management evaluates the estimates and assumptions on an ongoing basis and, if necessary, makes adjustments. Due to the risks and uncertainties involved in the Company’s business and evolving market conditions and given the subjective element of the estimates and assumptions made, actual results may differ from estimated results. The most significant estimates and judgments impact allowances for doubtful accounts and returns, inventory obsolescence, valuation allowance for deferred taxes, fair value of stock-based compensation, beneficial conversion feature, and discount on warrants.
Segment reporting	Segment reporting The Company currently has one operating segment. In accordance with ASC 280, Segment Reporting 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. December 31, December 31, Cash and cash equivalents $ 56,909,977 $ 1,004,109 Restricted cash 298,103 — Total cash, cash equivalents, and restricted cash shown in the statement of cash flows $ 57,208,080 $ 1,004,109 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
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
Accounts Receivable, net	Accounts Receivable, net Accounts receivable, net consists principally of trade receivables, which are recorded at the invoiced amount, net of allowances for doubtful accounts. Trade receivables do not bear interest. Receivables are considered past due or delinquent according to contract terms. Management closely monitors outstanding balances and writes off accounts receivable as they are determined uncollectible. The Company provides for estimated losses on accounts receivable based on prior bad debt experience and a review of existing receivables. Based on these factors, management determined no allowance for doubtful accounts was required as of December 31, 2020. As of December 31, 2019, management established a $14,786 allowance for doubtful accounts.
Investments	Investments Investment securities that are not classified as either held-to-maturity available-for-sale available-for-sale
Inventory	Inventory Inventory is stated at the lower of cost (first-in, first-out) December 31, December 31, Raw materials and packaging $ 4,109,706 $ 1,187,513 Finished goods 2,186,192 1,248,452 Total $ 6,295,898 $ 2,435,965 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 year ended December 31, 2020, the Company recorded $421,565 in inventory obsolescence primarily related to the Company’s liquid creamer product line. For the year ended December 31, 2019, the Company did not have a charge related to inventory obsolescence, as the majority of products manufactured consisted of powder-based products which have an extensive shelf life. As of December 31, 2020 and 2019, the Company had a total of $958,166 and $100,387, respectively, of prepayments for future raw materials inventory, which is included in prepaid expenses on the balance sheets.
Property and Equipment	Property and Equipment 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. Depreciation expense is allocated to general and administrative expenses and cost of goods sold upon the sale of inventory. For the years ended December 31, 2020 and 2019, depreciation expense was $474,621 and $300,561, respectively. As of December 31, 2020 and 2019, the Company had a total of $0 and $14,699, respectively, of deposits for future equipment purchases, which is included in deposits on the balance sheets.
Fixed Assets Held for Sale	Fixed Assets Held for Sale Long-lived assets identified by the Company for sale, which have met all criteria to be classified as held for sale, are disclosed separately on the balance sheet. Fixed assets held for sale are measured at the lower of the assets carrying amount or fair value less costs to sell, and depreciation is no longer recorded. Fixed assets held for sale as of December 31, 2020 include the Company’s intermittent motion form (“IMF”) production line. The Company had no fixed assets held for sale as of December 31, 2019. The Company determined a fair value less costs to sell of $250,000 for all assets associated with the IMF production line. As the determined fair value is less than the net carrying value of the assets, the Company recorded an impairment loss of $239,734 and $0 during the years ended December 31, 2020 and 2019, respectively.
Deferred Rent	Deferred Rent Deferred rent includes tenant improvement costs that were incurred by the landlord, RII Lundgren Mill, LLC, in the build-out
Revenue Recognition	Revenue Recognition The Company’s significant accounting policy for revenue was updated as a result of the adoption of Accounting Standards Update (“ASU”) 2014-09. 2014-09 2014-09,
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 $4,074,802 and $1,751,142 for the years ended December 31, 2020 and 2019, respectively. Income generated from shipping costs billed through to customers was included in Sales, net in the statements of operations. Shipping income totaled $248,865 and $464,551 for the years ended December 31, 2020 and 2019, respectively.
Research and Product Development	Research and Product Development Amounts spent on research and development activities are expensed as incurred as research and product development expense on the statements of operations. Research and product development expense was $508,170 and $324,284 for the years ended December 31, 2020 and 2019, respectively.
Advertising	Advertising Advertising and marketing costs are expensed when incurred. Advertising and marketing expenses for the years ended December 31, 2020 and 2019 was $6,049,393 and $4,289,252, respectively.
Income Taxes	Income Taxes Income taxes provide for the tax effects of transactions reported in the financial statements and consist of income taxes currently due and deferred tax assets and liabilities. The Company may also be subject to interest and penalties from taxing authorities on underpayment of income taxes. In such an event, interest and penalties are included in income tax expense. Deferred tax assets and liabilities are recognized for differences between the basis of assets and liabilities for financial statement and income tax purposes. The differences relate primarily to depreciable assets (use of different depreciation methods and lives for financial statement and income tax purposes) and net operating losses. The deferred tax assets and liabilities represent the future tax return consequences of those differences, which will either be taxable or deductible when the assets and liabilities are recovered or settled. Due to the historical net loss position of the Company, the Company recorded a full deferred tax valuation allowance of $7,563,110 and $4,584,174 as of December 31, 2020 and 2019, respectively.
Repurchased Stock	Repurchased Stock Management presents repurchased stock (at cost) as a reduction in stockholders’ equity to more clearly reflect the historical stock repurchase transactions. There were two common stock repurchase transactions during the year ended December 31, 2020, totaling 1,416 shares of common stock and $20,532. There were eight common stock repurchase transactions during the year ended December 31, 2019, totaling 92,246 shares of common stock and $1,145,968. Repurchases were valued at a price consistent with or less than the most recent private equity offering by the Company.
Stock Incentive Plan	Stock Incentive Plan The compensation cost relating to share-based payment transactions is recognized in the financial statements. The cost is measured based on the grant date fair value of the equity or liability instruments issued. Compensation cost for all employee stock awards is calculated and recognized over the employees’ service period, generally defined as the vesting period. For awards with graded-vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award. Compensation cost for all consultant stock awards is calculated and recognized over the consultant’s service period based on the grant date fair value of the equity or liability instruments issued. Upon exercise of stock option awards or vesting of restricted stock units, recipients are issued shares of common stock. Pre-vesting
Earnings per Share	Earnings per Share Basic earnings per share is computed on the basis of the weighted average number of shares of common stock that were outstanding during the period. Diluted earnings per share is similarly determined, except that the denominator is increased to include the number of additional shares of common stock that would have been outstanding if all dilutive potential common stock and preferred stock had been issued and are calculated under the treasury stock method. Due to the Company’s net loss, all stock options, unvested restricted stock, and convertible preferred stock are anti-dilutive and excluded.
Stock Split	Stock Split The Company’s board of directors and stockholders approved a 2-for-1 2-for-1
Warrants	Warrants Issued and detachable stock warrants are classified as equity or liability instruments based on the specific terms of the underlying warrant agreement. In circumstances where debt or equity is issued with detachable warrants, the proceeds from issuance are allocated to each instrument based on an acceptable method, which generally involves determining the fair value of one or more of the instruments. In conjunction with the Company’s initial public offering, the warrant outstanding was cancelled. See additional information in Note 12.
License Agreement – Intangible Asset	License Agreement—Intangible Asset On August 3, 2015, the Company entered into a license agreement with the Company’s co-founder On May 2, 2018, the Company entered into a license agreement with Gabrielle Reece, who is married to Mr. Hamilton (the “GR License”). Pursuant to the GR License, Ms. Reece granted the Company rights to her name, signature, voice, picture, image, likeness and biographical information commencing on July 1, 2015. This contribution, which is reported on the balance sheets as of December 31, 2020 and 2019, 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 one-hundred
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
JOBS Act Accounting Election	JOBS Act Accounting Election The Company qualifies as an “emerging growth company,” as defined in the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”). Under the JOBS Act, emerging growth companies can delay adopting new or revised accounting standards issued subsequent to the enactment of the JOBS Act until such time as those standards apply to private companies. An emerging growth company can elect to use this extended transition period for complying with new or revised accounting standards that have different effective dates for public and private companies until the earlier of the date that it (i) is no longer an emerging growth company or (ii) affirmatively and irrevocably opts out of the extended transition period provided in the JOBS Act. Currently, the Company has elected to file as an emerging growth company defined under the JOBS Act, and as such, these financial statements may not be comparable to companies that comply with the new or revised accounting pronouncements as of public company effective dates.
Recent Accounting Pronouncements	Recently Adopted Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (FASB) issued ASU 2014-09, 2014-09”). 2014-09 In January 2016, the FASB issued ASU No. 2016-01, 2016-01”) 2016-01 2016-01 In November 2016, the FASB issued ASU No. 2016-18, 2016-08”). beginning-of-period end-of-period 2016-08 2016-18 Cash, Cash Equivalents, and Restricted Cash In June 2018, the FASB issued ASU No. 2018-07, 2018-07”), 2018-07 2014-09. 2018-07 2018-07 Recently Issued Accounting Pronouncements In February 2016, the FASB issued ASU No. 2016-02, 2016-02”), right-of-use In June 2016, the FASB issued ASU No. 2016-13, 2018-19 2019-04 2019-05 2019-11 2020-02 2020-03 available-for-sale 2016-13
Subsequent Events	Subsequent Events Subsequent events are events or transactions that occur after the balance sheet date but before the financial statements are available to be issued. The Company has evaluated events and transactions subsequent to December 31, 2020 for potential recognition of disclosure in the financial statements. On March 4, 2021, the Compensation Committee of the Board of Directors of Laird Superfood, Inc. (the “Company”) approved a form of annual cash incentive plan (the “Bonus Plan”). The Company’s Chief Executive Officer, Chief Financial Officer, other full-time executives and key employees are eligible to participate in the Bonus Plan, subject to the discretion of the Compensation Committee. The Bonus Plan provides participants the opportunity to earn an annual cash payment based on the achievement of pre-established performance goals. Also on March 4, 2021, the Compensation Committee adopted performance goals and target payment amounts relating to the 2021 fiscal year. The 2021 performance goals consist of achieving net revenue targets (weighted at 75%), gross margin targets (weighted at 15%), and the demonstration of certain Company values (weighted at 10%).

Nature of Operations and Summ_3

Nature of Operations and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2020
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. December 31, December 31, Cash and cash equivalents $ 56,909,977 $ 1,004,109 Restricted cash 298,103 — Total cash, cash equivalents, and restricted cash shown in the statement of cash flows $ 57,208,080 $ 1,004,109
Schedule of Inventory, Current	Inventory is stated at the lower of cost (first-in, first-out) December 31, December 31, Raw materials and packaging $ 4,109,706 $ 1,187,513 Finished goods 2,186,192 1,248,452 Total $ 6,295,898 $ 2,435,965

Prepaid Expenses and Other Cu_2

Prepaid Expenses and Other Current Assets (Tables)	12 Months Ended
	Dec. 31, 2020
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 as of December 31, 2020 and 2019: December 31, December 31, 2020 2019 Prepaid insurance $ 1,446,189 $ 37,251 Prepaid inventory 958,166 100,387 Prepaid subscriptions and license fees 225,567 193,257 Prepaid, other 152,323 71,445 Prepaid consulting 13,963 69,813 Prepaid advertising — 74,400 Other current assets 51,111 44,255 $ 2,847,319 $ 590,808

Investment securities (Tables)

Investment securities (Tables)	12 Months Ended
	Dec. 31, 2020
Investments, Debt and Equity Securities [Abstract]
Schedule of Investment securities	Investment securities as of December 31, 2020 and 2019 consisted of the following: Amortized Gross Gross Estimated December 31, 2020 Federal agency bonds — mortgage-backed $ 8,692,637 $ 14,207 $ — $ 8,706,844 Total investment securities available-for-sale $ 8,692,637 $ 14,207 $ — $ 8,706,844 Amortized Gross Gross Estimated December 31, 2019 U.S Treasuries $ 5,485,435 $ — $ (226 ) $ 5,485,209 Total investment securities available-for-sale $ 5,485,435 $ — $ (226 ) $ 5,485,209
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, 2020, by contractual maturity, are shown below: Available-for-sale December 31, 2020 Amortized Estimated Due after one year through five years $ 8,692,637 $ 8,706,844 Total investment securities available-for-sale $ 8,692,637 $ 8,706,844

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Summarize assets subject to fair value measurements	The following tables summarize assets subject to fair value measurements: Fair Value as of December 31, 2020 Level 1 Level 2 Level 3 Federal agency bonds — mortgage-backed $ — $ 8,706,844 $ — Fixed assets held for sale $ — $ — $ 250,000 Fair Value as of December 31, 2019 Level 1 Level 2 Level 3 U.S Treasuries $ 5,485,209 $ — $ —
Fair Value, Liabilities Measured on Recurring and Nonrecurring Basis	The Company recorded an impairment loss of $239,734 during the year ended December 31, 2020. December 31, December 31, Fair value $ 250,000 $ — Carrying value $ 489,734 $ —

Long-term Debt (Tables)

Long-term Debt (Tables)	12 Months Ended
	Dec. 31, 2020
Debt Disclosure [Abstract]
Summary of long-term debt components	The following table presents the components of long-term debt: December 31, December 31, 2020 2019 Forgivable loan, City of Sisters $ 51,000 $ 51,000 Long-term debt $ 51,000 $ 51,000

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	12 Months Ended
	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Summary of property and equipment, net	Property and equipment, net is comprised of the following as of December 31, 2020 and 2019: December 31, December 31, 2020 2019 Factory equipment $ 2,418,839 $ 2,011,297 Land 947,394 947,394 Furniture and office equipment 532,116 465,972 Leasehold improvements 259,504 194,696 4,157,853 3,619,359 Accumulated depreciation (894,365 ) (466,073 ) Property and equipment, net $ 3,263,488 $ 3,153,286

Fixed Assets Classified as He_2

Fixed Assets Classified as Held for Sale (Tables)	12 Months Ended
	Dec. 31, 2020
Long Lived Assets Held For Sale By Asset [Abstract]
Summary of fixed assets classified held for sale	The major classes of assets comprising the fixed assets classified as held for sale as of December 31, 2020 and 2019 are as follows: December 31, December 31, 2020 2019 Factory equipment $ 250,000 $ — Fixed assets held for sale $ 250,000 $ —

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Schedule of Loss Contingencies by Contingency	The following table sets forth the amounts of our significant contractual obligations and commitments with definitive payment terms as of December 31, 2020: Payments Due by Period Operating (1) Note Payable Total 2021 $ 237,737 $ 51,000 $ 288,737 2022 244,869 — 244,869 2023 252,216 — 252,216 2024 259,782 — 259,782 2025 267,575 — 267,575 Thereafter 864,546 — 864,546 $ 2,126,725 $ 51,000 $ 2,177,725 (1) Operating lease obligations related to our manufacturing facility leases dated March 1, 2018 and December 17, 2018.

Deferred Tax Assets and Liabi_2

Deferred Tax Assets and Liabilities (Tables)	12 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Schedule Reconciliation of Statutory Income Tax Rate to Consolidated Effective Income Tax rate	The provision for income taxes results in effective tax rates which are different than the U.S. federal income tax statutory rate. A reconciliation of the differences for the years ended December 31, 2020 and 2019 was as follows: 2020 2019 Expected income tax benefit at federal statutory rate $ 2,727,696 $ 1,785,829 Expected income tax benefit at state statutory rates net of federal tax benefit 792,175 364,820 Stock based compensation (592,048 ) (231,609 ) Change in valuation allowances—net (2,978,937 ) (2,176,799 ) Other—net 51,114 257,759 Benefit from income taxes $ — $ — Effective tax rate 0 % 0 %
Schedule of Deferred Tax Assets and Liabilities	The Company’s deferred tax assets and liabilities consisted of the following as of December 31, 2020 and 2019: December 31, December 31, 2020 2019 Noncurrent deferred tax assets: Federal net operating loss carryforwards $ 5,332,738 $ 3,470,371 State net operating loss carryforwards 2,112,119 1,285,488 Federal depreciation and amortization 458,203 53,525 State depreciation and amortization 213,359 — Accrued—PTO 75,702 — Other 106,526 — Total noncurrent deferred tax assets 8,298,647 4,809,384 Noncurrent deferred tax liabilities: Federal depreciation and amortization $ — $ 179,720 State depreciation and amortization — 45,490 Deferred rent asset 735,537 — Total noncurrent deferred tax liabilities 735,537 225,210 Net noncurrent deferred tax assets $ 7,563,110 $ 4,584,174 Valuation allowance (7,563,110 ) (4,584,174 ) Total net noncurrent deferred tax assets $ — $ —

Stock Incentive Plan (Tables)

Stock Incentive Plan (Tables)	12 Months Ended
	Dec. 31, 2020
Share-based Payment Arrangement [Abstract]
Schedule of Share Based Compensation Stock Options and Restricted Stock Activity	The following table summarizes the Company’s stock option activity during the years ended December 31, 2020 and 2019: December 31, 2020 Options Weighted Average Weighted Average Aggregate Balance at January 1, 2020 788,528 $ 8.42 7.17 $ 4,799,381 Granted 174,078 16.07 Exercised/released (23,434 ) 11.34 Cancelled/forfeited (51,532 ) 11.53 Balance at December 31, 2020 887,640 $ 9.65 6.42 $ 33,433,274 Exercisable at December 31, 2020 660,890 $ 6.94 5.55 $ 26,684,957 December 31, 2019 Options Weighted Average Weighted Average Aggregate Balance at January 1, 2019 641,500 $ 5.99 7.13 $ 4,057,973 Granted 297,900 12.39 Exercised/released (21,140 ) 2.40 Cancelled/forfeited (129,732 ) 6.46 Balance at December 31, 2019 788,528 $ 8.42 7.17 $ 4,799,381 Exercisable at December 31, 2019 376,506 $ 5.83 6.20 $ 3,265,254
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions	For the years ended December 31, 2020 and 2019, 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 Years Ended 2020 2019 Weighted-average expected volatility 71.29 % 61.50 % Weighted-average expected term (years) 6.23 6.01 Weighted-average expected risk-free interest rate 0.69 % 2.28 % Dividend yield 0.00 % 0.00 % Weighted-average fair value of options granted $ 18.28 $ 7.15

Earnings per Share (Tables)

Earnings per Share (Tables)	12 Months Ended
	Dec. 31, 2020
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	Basic earnings per share is reconciled to diluted earnings per share in the following table: Years Ended December 31, 2020 2019 Net loss $ (12,850,301 ) $ (8,503,948 ) Add deemed contribution from the redemption of preferred stock — 7,448,879 Less deemed dividend of beneficial conversion feature (825,366 ) — Less deemed dividend on warrant discount (825,366 ) — Net loss attributable to Laird Superfood, Inc. common stockholders $ (14,501,033 ) $ (1,055,069 ) Weighted average shares outstanding- basic 5,546,078 3,668,050 Dilutive securities — — Weighted average shares outstanding- diluted 5,546,078 3,668,050 Common stock options and restricted stock awards excluded due to anti-dilutive effect 945,027 2,492,375 Basic and diluted: Net loss per share (basic) $ (2.61 ) $ (0.29 ) Net loss per share (diluted) $ (2.61 ) $ (0.29 )

Revenue Recognition (Tables)

Revenue Recognition (Tables)	12 Months Ended
	Dec. 31, 2020
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: Years Ended December 31, 2020 2019 $ % of Total $ % of Total Coffee creamers $ 18,433,345 70 % $ 9,330,678 71 % Hydration and beverage enhancing supplements 3,887,198 15 % 2,022,269 15 % Coffee, tea, and hot chocolate products 5,961,254 23 % 1,930,434 15 % Other 675,339 3 % 471,097 4 % Gross sales 28,957,136 111 % 13,754,478 105 % Shipping income 248,865 1 % 464,551 4 % Returns and discounts (3,199,603 ) (12 %) (1,115,301 ) (9 %) Sales, net $ 26,006,398 100 % $ 13,103,728 100 %
Summary of disaggregation of revenue based on channels	The Company generates revenue through three channels: online, wholesale, and food service: Years Ended December 31, 2020 2019 $ % of Total $ % of Total Online $ 14,501,706 56 % $ 7,646,864 59 % Wholesale 10,996,517 42 % 5,295,024 40 % Food service 508,175 2 % 161,840 1 % Sales, net $ 26,006,398 100 % $ 13,103,728 100 %

Quarterly Results of Operatio_2

Quarterly Results of Operations (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]
Summary of Quarterly results of Operations	The following tables present selected unaudited quarterly financial data for each full quarterly period of 2020 and 2019: 2020 (unaudited) December 31 September 30 June 30 March 31 Four Quarters Statement of Operations Data: Sales, net $ 7,301,270 $ 7,613,073 $ 5,608,830 $ 5,483,225 $ 26,006,398 Cost of goods sold (5,819,762 ) (5,734,144 ) (4,285,128 ) (3,365,608 ) (19,204,642 ) Gross profit 1,481,508 1,878,929 1,323,702 2,117,617 6,801,756 Operating expenses: General and administrative 3,177,448 2,218,819 1,832,442 1,599,570 8,828,279 Research and product development 144,180 102,879 117,796 143,315 508,170 Sales and marketing 2,666,900 2,939,061 2,395,701 2,392,816 10,394,478 Total operating expenses 5,988,528 5,260,759 4,345,939 4,135,701 19,730,927 Operating loss (4,507,020 ) (3,381,830 ) (3,022,237 ) (2,018,084 ) (12,929,171 ) Other (expense) income 13,423 26,746 15,847 22,854 78,870 Net loss $ (4,493,597 ) $ (3,355,084 ) $ (3,006,390 ) $ (1,995,230 ) $ (12,850,301 ) Less deemed dividend of beneficial conversion feature — — (825,366 ) — (825,366 ) Less deemed dividend on warrant discount — (645,939 ) (179,427 ) — (825,366 ) Net loss attributable to Laird Superfood, Inc. common stockholders $ (4,493,597 ) $ (4,001,023 ) $ (4,011,183 ) $ (1,995,230 ) $ (14,501,033 ) Net loss per share, basic and diluted $ (0.51 ) $ (1.32 ) $ (1.28 ) $ (0.98 ) Shares used in computing net loss per share, basic and diluted 8,876,431 4,672,041 4,325,265 4,281,346 2019 (unaudited) December 31 September 30 June 30 March 31 Four Quarters Statement of Operations Data: Sales, net $ 4,171,086 $ 3,487,335 $ 2,954,190 $ 2,491,117 $ 13,103,728 Cost of goods sold (2,722,605 ) (2,026,930 ) (1,804,956 ) (1,464,603 ) (8,019,094 ) Gross profit 1,448,481 1,460,405 1,149,234 1,026,514 5,084,634 Operating expenses: General and administrative 1,491,383 1,376,302 1,426,954 906,545 5,201,184 Research and product development 137,872 109,978 42,866 33,568 324,284 Sales and marketing 2,045,841 2,385,080 2,018,646 1,861,570 8,311,137 Total operating expenses 3,675,096 3,871,360 3,488,466 2,801,683 13,836,605 Operating loss (2,226,615 ) (2,410,955 ) (2,339,232 ) (1,775,169 ) (8,751,971 ) Other (expense) income 67,519 37,773 88,047 54,684 248,023 Net loss $ (2,159,096 ) $ (2,373,182 ) $ (2,251,185 ) $ (1,720,485 ) $ (8,503,948 ) Deemed contribution from the redemption of preferred stock 7,448,879 7,448,879 Net income (loss) attributable to Laird Superfood, Inc. common stockholders $ 5,289,783 $ (2,373,182 ) $ (2,251,185 ) $ (1,720,485 ) $ (1,055,069 ) Net income (loss) per share, basic $ 1.31 $ (0.66 ) $ (0.64 ) $ (0.49 ) Shares used in computing net loss per share, basic 4,045,056 3,592,735 3,520,338 3,509,009 Net income (loss) per share, diluted $ 0.96 $ (0.66 ) $ (0.64 ) $ (0.49 ) Shares used in computing net loss per share, diluted 5,532,032 3,592,735 3,520,338 3,509,009

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 ($)	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]
Cash and cash equivalents	$ 56,909,977	$ 1,004,109
Restricted cash	298,103
Total cash, cash equivalents, and restricted cash shown in the statement of cash flows	$ 57,208,080	$ 1,004,109	$ 17,340,023

Nature of Operations and Summ_5

Nature of Operations and Summary of Significant Accounting Policies - Schedule of Inventory, Current (Detail) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Raw materials and packaging	$ 4,109,706	$ 1,187,513
Finished goods	2,186,192	1,248,452
Total	$ 6,295,898	$ 2,435,965

Nature of Operations and Summ_6

Nature of Operations and Summary of Significant Accounting Policies - Additional Information (Detail)	Mar. 04, 2021	Sep. 25, 2020USD ($)$ / sharesshares	May 26, 2020USD ($)$ / sharesshares	Dec. 31, 2020USD ($)$ / sharesshares	Sep. 30, 2020USD ($)	Jun. 30, 2020USD ($)	Mar. 31, 2020USD ($)	Dec. 31, 2019USD ($)$ / sharesshares	Sep. 30, 2019USD ($)	Jun. 30, 2019USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2020USD ($)$ / sharesshares	Dec. 31, 2019USD ($)$ / sharesshares	Dec. 03, 2020USD ($)	Dec. 31, 2018shares
Common stock par or stated value per share | $ / shares				$ 0.001				$ 0.001				$ 0.001	$ 0.001
Cash with financial institutions in excess of federally insured limits				$ 6,639,821				$ 456,104				$ 6,639,821	$ 456,104
Allowance for doubtful accounts				0				14,786				0	14,786
Prepayments for future raw materials				958,166				100,387				958,166	100,387
Depreciation												474,621	300,561
Fixed assets held for sale fair value				250,000								250,000
Impairment of fixed assets held for sale												239,734	0
Shipping and handling costs				5,819,762	$ 5,734,144	$ 4,285,128	$ 3,365,608	2,722,605	$ 2,026,930	$ 1,804,956	$ 1,464,603	19,204,642	8,019,094
Research and development expenses				144,180	102,879	117,796	143,315	137,872	109,978	42,866	33,568	508,170	324,284
Advertising and marketing expenses												6,049,393	4,289,252
Deferred tax asset valuation allowance				$ 7,563,110				4,584,174				7,563,110	4,584,174
Stock repurchases during the period values												20,532	1,145,968
Adjustment to additional paid in capital stock issuance costs												$ 1,268,772	19,029
Temporary equity shares outstanding | shares				0								0
Indefinitely lived intangible assets excluding goodwill				$ 132,100				132,100				$ 132,100	132,100
Employees matching contribution defined contribution plan												0	0
Shipping And handling revenue				7,301,270	$ 7,613,073	$ 5,608,830	$ 5,483,225	4,171,086	$ 3,487,335	$ 2,954,190	$ 2,491,117	26,006,398	13,103,728
Cash Received				298,103								298,103
Subsequent Event [Member]
Description of percentage of target allocation	The 2021 performance goals consist of achieving net revenue targets (weighted at 75%), gross margin targets (weighted at 15%), and the demonstration of certain Company values (weighted at 10%).
Subsequent Event [Member] | Revenue Target [Member]
Percentage of revenue targets	75.00%
Subsequent Event [Member] | Gross Margin Targets [Member]
Percentage of revenue targets	15.00%
Subsequent Event [Member] | Demonstration Of Certain Company Values [Member]
Percentage of revenue targets	10.00%
Restricted Cash And Restricted Cash Equivalents [Member]
Restricted Cash				298,103								298,103
General and Administrative Expense [Member]
Depreciation												474,621	300,561
Raw Materials [Member]
Prepayments for future raw materials				958,166				100,387				958,166	100,387
Inventory Valuation and Obsolescence [Member]
Inventory obsolescence												421,565	0
Dano Manifesto Ventures PBC [Member] | COVID-19
Cash Received														$ 298,103
License Agreement Terms [Member] | Laird Hamilton [Member]
Indefinitely lived intangible assets excluding goodwill				132,000				132,000				$ 132,000	132,000
Stock issued during the period shares for services received | shares												660,000
License Agreement Terms [Member] | Gabrielle Reece [Member]
Indefinitely lived intangible assets excluding goodwill				$ 100								$ 100
License Agreement Terms [Member] | Laird Hamilton And Gabrielle Riece [Member]
Indefinitely lived intangible assets excluding goodwill								$ 100					100
License And Preservation Agreement [Member] | Laird Hamilton And Gabrielle Riece [Member]
Term of the license agreement												100 years
License And Preservation Amendment Agreement [Member] | Laird Hamilton And Gabrielle Riece [Member]
Additional term of the license agreement			10 years									10 years
Impairment of indefinitely lived intangible assets excluding goodwill												$ 0	$ 0
Redeemable Convertible Preferred Stock [Member]
Stock split ratio												2
Temporary equity shares outstanding | shares								314,593					314,593		923,670
Series A One Redeemable Convertible Preferred Stock [Member]
Temporary equity shares outstanding | shares		162,340		0				162,340				0	162,340
Stock shares issued during the period on conversion of convertible securities | shares		324,680
Series A Two Redeemable Convertible Preferred Stock [Member]
Temporary equity shares outstanding | shares		152,253		0				152,253				0	152,253
Stock shares issued during the period on conversion of convertible securities | shares		304,506
Series B One Redeemable Convertible Preferred Stock [Member]
Temporary equity shares outstanding | shares		383,142
Stock shares issued during the period on conversion of convertible securities | shares		766,284
Common Stock [Member]
Stock repurchases during the period values												$ 1	$ 91
Stock repurchases during the period shares | shares												1,416	92,246
Number of Stock Repurchase Transactions | shares												1,416
Stock issued during the period shares | shares												3,276,180	668,844
Stock shares issued during the period on conversion of convertible securities | shares												1,395,470	128
IPO [Member]
Stock issued during the period shares | shares		3,047,500
Sale of stock price per share | $ / shares		$ 22
IPO for a total purchase price		$ 61,966,237
Adjustment to additional paid in capital stock issuance costs		$ 1,268,765
Over-Allotment Option [Member]
Stock issued during the period shares | shares		397,500
Private Placement [Member]
Sale of stock price per share | $ / shares				$ 22								$ 22
common stock in a private placement | shares												90,910
Private Placement [Member] | Dano Manifesto Ventures PBC [Member]
Stock issued during the period shares | shares			90,910
Sale of stock price per share | $ / shares			$ 22
Stock issued during the period value for services received			$ 2,000,020									$ 2,000,020
Shipping and Handling [Member]
Shipping and handling costs												4,074,802	$ 1,751,142
Shipping And handling revenue												248,865	464,551
IMF production line [Member]
Fixed assets held for sale fair value				$ 250,000				$ 0				250,000	0
Impairment of fixed assets held for sale												239,734	0
Deposit Assets [Member]
Advances for future equipment purchases				$ 0				$ 14,699				$ 0	$ 14,699
Furniture and Fixtures [Member] | Maximum [Member]
Estimated useful life of furniture												10 years	10 years
Furniture and Fixtures [Member] | Minimum [Member]
Estimated useful life of furniture												3 years	3 years
Equipment [Member] | Maximum [Member]
Estimated useful life of furniture												10 years	10 years
Equipment [Member] | Minimum [Member]
Estimated useful life of furniture												3 years	3 years

Prepaid Expenses and Other Cu_3

Prepaid Expenses and Other Current Assets - Schedule of Prepaid Expenses and Other Current Assets (Detail) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Prepaid Expense and Other Assets, Current [Abstract]
Prepaid insurance	$ 1,446,189	$ 37,251
Prepaid inventory	958,166	100,387
Prepaid subscriptions and license fees	225,567	193,257
Prepaid, other	152,323	71,445
Prepaid consulting	13,963	69,813
Prepaid advertising		74,400
Other current assets	51,111	44,255
Prepaid Expense and Other Assets, Current	$ 2,847,319	$ 590,808

Investment securities - Schedul

Investment securities - Schedule of Investment Securities (Detail) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Debt Securities, Available-for-sale [Line Items]
Amortized cost	$ 8,692,637
Estimated fair value	8,706,844
U.S Treasuries
Debt Securities, Available-for-sale [Line Items]
Amortized cost		$ 5,485,435
Gross unrealized losses		(226)
Estimated fair value		5,485,209
Investment Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized cost	8,692,637	5,485,435
Gross unrealized gains	14,207
Gross unrealized losses		(226)
Estimated fair value	8,706,844	$ 5,485,209
Federal agency bonds — mortgage-backed
Debt Securities, Available-for-sale [Line Items]
Amortized cost	8,692,637
Gross unrealized gains	14,207
Estimated fair value	$ 8,706,844

Investment securities - Sched_2

Investment securities - Schedule of Amortized Cost and Estimated Fair Value of Investment Securities (Detail)	Dec. 31, 2020USD ($)
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	$ 8,692,637
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after One Year Through Five Years, Fair Value	8,706,844
Debt Securities, Available-for-sale, Amortized Cost	8,692,637
Debt Securities, Available-for-sale	$ 8,706,844

Investment securities - Additio

Investment securities - Additional Information (Detail) - Available-for-sale Securities [Member] - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Schedule of Investments [Line Items]
Fair value of investment securities pledged	$ 8,706,844	$ 5,485,209
Proceeds from maturity of available for sale securities	4,950,000	7,000,000
Debt securities available for sale realised gain loss excluding temporary impairment	$ 13,927	$ 7,664

Fair Value Measurements - Summa

Fair Value Measurements - Summarize Assets Subject To Fair Value Measurements (Detail) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Fair Value, Inputs, Level 1 [Member] | U.S Treasuries
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets, Fair Value Disclosure		$ 5,485,209
Fair Value, Inputs, Level 2 [Member] | Federal agency bonds — mortgage-backed
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets, Fair Value Disclosure	$ 8,706,844
Fair Value, Inputs, Level 3 [Member] | Fixed assets held for sale
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets, Fair Value Disclosure	$ 250,000

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value Liabilities Measured on Recurring and Nonrecurring Basis (Detail)	Dec. 31, 2020USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Held-for-sale, Long Lived, Fair Value Disclosure	$ 250,000
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Held-for-sale, Long Lived, Fair Value Disclosure	250,000
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Held-for-sale, Long Lived, Fair Value Disclosure	$ 489,734

Fair Value Measurements - Addit

Fair Value Measurements - Additional information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Impairment of fixed assets held for sale	$ 239,734	$ 0
Disposal Group, Held-for-sale, Not Discontinued Operations [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Impairment of fixed assets held for sale	$ 239,734

Revolving Lines of Credit - Add

Revolving Lines of Credit - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Maximum [Member]
Line of Credit Facility [Line Items]
Percentage of outstanding capital stock eligible to issued to directors officers pursuant to plan	0.00%
First Interstate Bank [Member] | Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of credit maximum borrowing capacity	$ 5,000,000	$ 5,000,000
Line of credit facility interest rate description	LIBOR plus 2.0%
Debt instrument variable interest rate spread	2.00%
Line of credit net of current portion	$ 0	0
Line of credit facility maturity date	Feb. 5, 2021
East Asset Management LLC [Member]
Line of Credit Facility [Line Items]
Percentage of equity offerings eligible to be subscribed for by the lender	20.00%
Percentage of outstanding capital stock eligible to issued pursuant to mergers equipment loan financing	0.00%
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 facility fixed rate of interest	15.00%
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 facility fixed rate of interest	20.00%
Line of credit interest rate in the event of default	20.00%
East Asset Management LLC [Member] | Revolving Credit Facility [Member] | Eligible Accounts Receivable [Member]
Line of Credit Facility [Line Items]
Line of credit borrowing base percentage	90.00%
Receivables overdue period	90 days
East Asset Management LLC [Member] | Revolving Credit Facility [Member] | Inventory And Prepaid Inventory [Member]
Line of Credit Facility [Line Items]
Line of credit borrowing base percentage	90.00%
East Asset Management LLC [Member] | Revolving Credit Facility [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Line of credit maximum borrowing capacity	$ 10,000,000	10,000,000
East Asset Management LLC [Member] | Revolving Credit Facility [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Line of credit maximum borrowing capacity	3,000,000	$ 3,000,000
East Asset Management LLC [Member] | Secondary Line Of Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of credit maximum borrowing capacity	$ 200,000

Long-term Debt - Summary of Lon

Long-term Debt - Summary of Long-term Debt Components (Detail) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Long-term debt [Line items]
Long-term debt	$ 51,000	$ 51,000
Forgivable loan, City of Sisters [Member]
Long-term debt [Line items]
Long-term debt	$ 51,000	$ 51,000

Long-term Debt - Additional Inf

Long-term Debt - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2020	May 30, 2020Employees	Dec. 31, 2019Employees	Apr. 11, 2018USD ($)	May 30, 2017USD ($)
Long-term debt [Line items]
Debt instrument face amount				$ 50,000	$ 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
Forgivable Loan Deschutes County [Member]
Long-term debt [Line items]
Number of employees | Employees			25
Salary payable to each employee				$ 47,960
Period of moratorium	1 year

Property and Equipment, Net - S

Property and Equipment, Net - Summary of Property and Equipment, Net (Detail) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 4,157,853	$ 3,619,359
Accumulated depreciation	(894,365)	(466,073)
Property and equipment, net	3,263,488	3,153,286
Factory equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	2,418,839	2,011,297
Land [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	947,394	947,394
Furniture and office equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	532,116	465,972
Leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 259,504	$ 194,696

Fixed Assets Classified as He_3

Fixed Assets Classified as Held for Sale - Additional information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Fixed assets classified as held for sale [Line items]
Fixed assets held for sale	$ 250,000
Impairment loss of fixed assets	239,734	$ 0
IMF production line [Member]
Fixed assets classified as held for sale [Line items]
Fixed assets held for sale	250,000	0
Impairment loss of fixed assets	$ 239,734	$ 0

Fixed Assets Classified as He_4

Fixed Assets Classified as Held for Sale - Summary of Fixed Assets Classified Held for Sale (Detail)	Dec. 31, 2020USD ($)
Fixed assets classified as held for sale [Line items]
Fixed assets held for sale	$ 250,000
Factory equipment [Member]
Fixed assets classified as held for sale [Line items]
Fixed assets held for sale	$ 250,000

Commitments and Contingencies -

Commitments and Contingencies - Detailed About Contractual Obligations and Commitments with Definitive Payment Terms (Detail)	Dec. 31, 2020USD ($)
Schedule of contractual obligations and commitments [Line Items]
Operating Leases, 2021	$ 237,737
Operating Leases, 2022	244,869
Operating Leases, 2023	252,216
Operating Leases, 2024	259,782
Operating Leases, 2025	267,575
Operating Leases, Thereafter	864,546
Operating Leases	2,126,725
Note Payable, 2021	51,000
Note Payable, 2022	0
Note Payable, 2023	0
Note Payable, 2024	0
Note Payable, 2025	0
Note Payable, Thereafter	0
Note Payable	51,000
Total, 2021	288,737
Total, 2022	244,869
Total, 2023	252,216
Total, 2024	259,782
Total, 2025	267,575
Total, Therafter	864,546
Total	$ 2,177,725

Commitments and Contingencies_2

Commitments and Contingencies - Additional Information (Detail) - USD ($)	May 26, 2020	Jul. 01, 2019	May 26, 2019	Dec. 20, 2018	Nov. 20, 2018	Apr. 15, 2018	Mar. 01, 2018	Dec. 31, 2020	Dec. 31, 2019
Income Tax Contingency [Line Items]
Operating lease rent expenses								$ 856,680	$ 520,835
RII Lundgren Mill LLC [Member] | Commercial Lease Agreement [Member]
Income Tax Contingency [Line Items]
Operating lease income		$ 12,784					$ 6,475
Percentage increase in lease payments							3.00%
Reimbursement of expenses					$ 797,471
Stock option issued						2,000
Shares issued per share						$ 7.50
Reimbursement of Initial expenses				$ 1,202,529
Reimbursement of final expenses									$ 1,399,001
PRW Princeville Development Company LLC [Member] | Hanalei [Member]
Income Tax Contingency [Line Items]
Operating lease income			$ 1,000
PRW Princeville Development Company LLC [Member] | Agricultural License Agreement [Member]
Income Tax Contingency [Line Items]
Operating lease income			$ 1,000
A Logistics LLC [Member]
Income Tax Contingency [Line Items]
Operating lease income	$ 7,000

Deferred Tax Assets and Liabi_3

Deferred Tax Assets and Liabilities -Statutory Income Tax Rate to Consolidated Effective Income Tax rate (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Expected income tax benefit at federal statutory rate	$ 2,727,696	$ 1,785,829
Expected income tax benefit at state statutory rates net of federal tax benefit	792,175	364,820
Stock based compensation	(592,048)	(231,609)
Change in valuation allowances—net	(2,978,937)	(2,176,799)
Other—net	51,114	257,759
Benefit from income taxes
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 ($)	Dec. 31, 2020	Dec. 31, 2019
Noncurrent deferred tax assets:
Federal net operating loss carryforwards	$ 5,332,738	$ 3,470,371
State net operating loss carryforwards	2,112,119	1,285,488
Federal depreciation and amortization	458,203	53,525
State depreciation and amortization	213,359
Accrued—PTO	75,702
Other	106,526
Total noncurrent deferred tax assets	8,298,647	4,809,384
Noncurrent deferred tax liabilities:
Federal depreciation and amortization		179,720
State depreciation and amortization	0	45,490
Deferred rent asset	735,537
Total noncurrent deferred tax liabilities	735,537	225,210
Net noncurrent deferred tax assets	7,563,110	4,584,174
Valuation allowance	(7,563,110)	(4,584,174)
Total net noncurrent deferred tax assets	$ 0	$ 0

Deferred Tax Assets and Liabi_5

Deferred Tax Assets and Liabilities - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Deferred Income Tax Assets And Liabilities [Line Items]
Net increase decrease in the valuation allowance for defered tax assets and liabilities	$ 2,978,937	$ 2,176,799
Valuation Allowance Deferred Tax Liabilities On Unrealised Gain On Available For Sale Investments	2,983
Federal net operating losses	27,528,486	17,117,760
Unrecorded Tax Liabilities	$ 0	0
Domestic Tax Authority [Member] | Minimum [Member]
Deferred Income Tax Assets And Liabilities [Line Items]
Statute Of Limitations Period	3 years
State and Local Jurisdiction [Member] | Maximum [Member]
Deferred Income Tax Assets And Liabilities [Line Items]
Statute Of Limitations Period	5 years
Tax Year Two Thousand And Thirty Six [Member]
Deferred Income Tax Assets And Liabilities [Line Items]
Federal net operating losses		1,868,077
Federal net operating losses limitations on usage	20 years
Indefinitely [Member]
Deferred Income Tax Assets And Liabilities [Line Items]
Federal net operating losses	$ 25,660,409	$ 15,249,683
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 ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Schedule Of Share Based Compensation Stock Options and Restricted Stock Activity [Line Items]
Balance at the beginning, Options Activity	788,528	641,500
Granted, Options Activity	174,078	297,900
Exercised/released, Options Activity	(23,434)	(21,140)
Cancelled/forfeited, Options Activity	(51,532)	(129,732)
Balance at the end, Options Activity	887,640	788,528	641,500
Exercisable, Options Activity	660,890	376,506
Balance at the beginning, Weighted Average Exercise Price (per share)	$ 8.42	$ 5.99
Granted, Weighted Average Exercise Price (per share)	16.07	12.39
Exercised/released, Weighted Average Exercise Price (per share)	11.34	2.40
Cancelled/forfeited, Weighted Average Exercise Price (per share)	11.53	6.46
Balance at the end, Weighted Average Exercise Price (per share)	9.65	8.42	$ 5.99
Exercisable, Weighted Average Exercise Price (per share)	$ 6.94	$ 5.83
Weighted Average Remaining Contractual Term (years)	6 years 5 months 1 day	7 years 2 months 1 day	7 years 1 month 17 days
Exercisable, Weighted Average Remaining Contractual Term (years)	5 years 6 months 18 days	6 years 2 months 12 days
Aggregate intrinsic value	$ 33,433,274	$ 4,799,381	$ 4,057,973
Exercisable, Aggregate intrinsic value	$ 26,684,957	$ 3,265,254

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 ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Share Based Compensation Arrangement By Share Based Payment Award [Abstract]
Weighted-average expected volatility	71.29%	61.50%
Weighted-average expected term (years)	6 years 2 months 23 days	6 years 3 days
Weighted-average expected risk-free interest rate	0.69%	2.28%
Dividend yield	0.00%	0.00%
Weighted-average fair value of options granted	$ 18.28	$ 7.15

Stock Incentive Plan - Addition

Stock Incentive Plan - Additional Information (Detail)	Sep. 23, 2020shares	Dec. 31, 2020USD ($)Employeesshares	Dec. 31, 2019USD ($)shares	Sep. 22, 2020shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated stock based compensation expense		$ 1,424,803	$ 700,384
Unrecognised share based compensation expense		$ 1,613,520	$ 0
Weighted-average vesting period		1 year 10 months 20 days
Common stock, shares authorized | shares		100,000,000	9,600,000
Employment Agreement [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized | shares	109,024
Share-based Payment Arrangement, Plan Modification, Incremental Cost		$ 448,229
Stock Incentive Plan Two Thousand And Twenty [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
Allocated stock based compensation expense		$ 937,366	$ 846,436
Unrecognised share based compensation expense		$ 1,990,834	$ 1,474,669
Weighted-average vesting period		1 year 21 days
Common stock, shares authorized | shares				1,000,000
Stock Incentive Plan Two Thousand And Twenty [Member] | Restricted Stock Grant One [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		15,646
Shares issued during the period restricted stock awards net of forfeitures,value		$ 576,341
Number of employees to whom the restricted stock was granted | Employees		6
Stock Incentive Plan Two Thousand And Twenty [Member] | Restricted Stock Grant Two [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		58,087
Number of employees to whom the restricted stock was granted | Employees		135
Stock Incentive Plan Two Thousand And Twenty [Member] | Restricted Stock Grant Two And Three [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued during the period restricted stock awards net of forfeitures,value		$ 287,101
Stock Incentive Plan Two Thousand And Twenty [Member] | 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
Stock Incentive Plan Two Thousand And Twenty [Member] | 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
Stock Incentive Plan Two Thousand And Twenty [Member] | 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		5 days

Preferred Stock - Additional In

Preferred Stock - Additional Information (Detail) - USD ($)	Sep. 25, 2020	May 26, 2020	Apr. 13, 2020	Nov. 18, 2019	Nov. 19, 2018	Dec. 31, 2018	Sep. 30, 2020	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Temporary equity shares outstanding									0
Temporary equity shares authorized									5,000,000	1,329,680
Temporary equity par or stated value per share									$ 0.001	$ 0.001
Temporary equity shares issued									0
Proceeds from temporary equity									$ 10,000,006
Payment for repurchases of common stock									$ 20,532	$ 1,145,968
Preferred Stock, Value, Issued										$ 6,722,951
Preferred stock issuances, price per share									$ 0.001	$ 0.001
Warrants or rights issued			$ 10,000,000
Warrants or rights issued, price per share			$ 0.005
Risk free interest rate									0.69%	2.28%
Expected volatility rate									71.29%	61.50%
Reversal of the deemed dividend on the warrants							$ 645,939	$ 179,427	$ 825,366	$ 0
Stock issued									$ 66,110,517	$ 9,698,296
IPO [Member]
Stock issued during the period shares	3,047,500
Sale of stock price per share	$ 22
Private Placement [Member]
Sale of stock price per share									$ 22
Private Placement [Member] | Dano Manifesto Ventures PBC [Member]
Stock issued during the period shares		90,910
Sale of stock price per share		$ 22
Reversal of the deemed dividend on the warrants									$ 825,366
Stock issued									$ 2,000,020
Series A One Redeemable Convertible Preferred Stock [Member]
Temporary equity shares outstanding	162,340								0	162,340
Stock shares issued during the period on conversion of convertible securities	324,680
Temporary equity shares authorized										1,177,426
Temporary equity shares issued									0	162,340
Temporary equity shares undesignated										609,078
Series A Two Redeemable Convertible Preferred Stock [Member]
Temporary equity shares outstanding	152,253								0	152,253
Stock shares issued during the period on conversion of convertible securities	304,506
Temporary equity shares authorized										152,253
Temporary equity shares issued									0	152,253
Series B One Redeemable Convertible Preferred Stock [Member]
Temporary equity shares outstanding	383,142
Stock shares issued during the period on conversion of convertible securities	766,284
Series A-1 and A-2 Preferred Stock
Temporary equity issued during the year value						$ 7,000,000
Preferred stock issuances, values						$ 7,000,000
Series A-1 Preferred Stock
Temporary equity shares authorized										1,177,426
Payment for repurchases of common stock				$ 10,000,000
Preferred Stock, Value, Issued				$ 14,999,901
Share Price				$ 24.63
Temporary equity gain loss on repurchase										$ 7,448,879
Stock Repurchase Program, Number of Shares Authorized to be Repurchased				609,013
Stock Repurchase Program, Remaining Authorized Repurchase Amount				$ 7,500,000
Stock repurchase price per share				$ 12.32
Series A-1 Preferred Stock | Private Placement [Member]
Commitment to raise temporary equity from investor					$ 25,000,000
Commitment to raise capital temporary equity from investor					25,000,000
Temporary equity issued during the year value					25,000,000
Preferred stock issuances, values					25,000,000
Series A-1 Preferred Stock | Private Placement [Member] | Tranche One [Member]
Commitment to raise temporary equity from investor					15,000,000
Proceeds from temporary equity					15,000,000
Commitment to raise capital temporary equity from investor					15,000,000
Series A-1 Preferred Stock | Private Placement [Member] | Tranche Two [Member]
Commitment to raise temporary equity from investor					10,000,000
Commitment to raise capital temporary equity from investor					$ 10,000,000
Series A-2 Preferred Stock
Temporary equity discount percentage						20.00%					20.00%
Adjustment to additional paid in capital deemed dividend on temporary equity											$ 673,133
Series B-1 and B-2 Preferred Stock | Private Placement [Member]
Temporary equity par or stated value per share			$ 26.10
Temporary equity issued during the year value			$ 10,000,006
Preferred stock issuances, shares			383,142
Preferred stock issuances, values			$ 10,000,006
Preferred stock issuances, price per share			$ 26.10
Series B-1 Preferred Stock
Fair value of warrants issued			$ 899,617
Risk free interest rate			0.17%
Dividend, warrants			$ 0
Expected volatility rate			65.00%
Expected warrant life, term			9 months
Increase to additional paid-in-capital and a preferred stock, warrants			$ 825,366
Expected timing of warrants amortized, term									11 months 15 days

Earnings per Share - Additional

Earnings per Share - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2020shares
Earnings Per Share [Abstract]
Weighted average shares outstanding subscribed but unissued	1,000

Earnings per Share - Summary of

Earnings per Share - Summary of Earnings Per Share (Detail) - USD ($)	3 Months Ended						12 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Earnings Per Share [Abstract]
Net loss							$ (12,850,301)	$ (8,503,948)
Add deemed contribution from the redemption of preferred stock			$ 7,448,879				0	7,448,879
Less deemed dividend of beneficial conversion feature		$ (825,366)					(825,366)	0
Less deemed dividend on warrant discount	$ (645,939)	$ (179,427)					(825,366)	0
Net loss attributable to Laird Superfood, Inc. common stockholders							$ (14,501,033)	$ (1,055,069)
Weighted average shares outstanding- basic			4,045,056	3,592,735	3,520,338	3,509,009	5,546,078	3,668,050
Dilutive securities
Weighted average shares outstanding- diluted			5,532,032	3,592,735	3,520,338	3,509,009	5,546,078	3,668,050
Common stock options and restricted stock awards excluded due to anti-dilutive effect							945,027	2,492,375
Basic and diluted:
Net loss per share (basic)			$ 1.31	$ (0.66)	$ (0.64)	$ (0.49)	$ (2.61)	$ (0.29)
Net loss per share (diluted)			$ 0.96	$ (0.66)	$ (0.64)	$ (0.49)	$ (2.61)	$ (0.29)

Concentrations - Additional Inf

Concentrations - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2020USD ($)CustomersVendors	Dec. 31, 2019USD ($)CustomersVendors
Concentration Risk [Line Items]
Concentration risk, percentage	100.00%	100.00%
Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	23.00%	11.00%
Number of customers | Customers	3	3
Customer Concentration Risk [Member] | Accounts Receivable [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	70.00%	81.00%
Receivables from customer | $	$ 290,420	$ 176,957
Supplier Concentration Risk [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	36.00%	66.00%
Number of vendors | Vendors	4	4
Supplier Concentration Risk [Member] | Accounts Payable [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	43.00%	55.00%
Supplier Concentration Risk [Member] | Vietnam [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	69.00%	51.00%
Supplier Concentration Risk [Member] | Indonesia [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	69.00%
Supplier Concentration Risk [Member] | China [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	69.00%
Supplier Concentration Risk [Member] | Sri Lanka [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	69.00%
Supplier Concentration Risk [Member] | Philippines [Member]
Concentration Risk [Line Items]
Concentration risk, percentage		51.00%

Related Party - Additional Info

Related Party - Additional Information (Detail) - USD ($)	May 26, 2020	Dec. 31, 2020
Related Party Transaction [Line Items]
Cash Received		$ 298,103
Private Placement [Member]
Related Party Transaction [Line Items]
Sale of stock price per share		$ 22
Private Placement [Member] | Dano Manifesto Ventures PBC [Member]
Related Party Transaction [Line Items]
Stock issued during the period value for services received	$ 2,000,020	$ 2,000,020
Sale of stock price per share	$ 22
Stock issued during the period shares	90,910
Laird Hamilton and Gabrielle Riece [Member] | License and Preservation Amendment Agreement [Member]
Related Party Transaction [Line Items]
Additional term of the license agreement	10 years	10 years

Revenue Recognition - Summary O

Revenue Recognition - Summary Of Disaggregation Of Revenue Based On Products Sold (Detail) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 7,301,270	$ 7,613,073	$ 5,608,830	$ 5,483,225	$ 4,171,086	$ 3,487,335	$ 2,954,190	$ 2,491,117	$ 26,006,398	$ 13,103,728
Concentration Risk, Percentage									100.00%	100.00%
Product Concentration Risk [Member]
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage									100.00%	100.00%
Coffee creamers [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									$ 18,433,345	$ 9,330,678
Coffee creamers [Member] | Product Concentration Risk [Member]
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage									70.00%	71.00%
Hydration and beverage enhancing supplements [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									$ 3,887,198	$ 2,022,269
Hydration and beverage enhancing supplements [Member] | Product Concentration Risk [Member]
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage									15.00%	15.00%
Coffee tea and hot chocolate products [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									$ 5,961,254	$ 1,930,434
Coffee tea and hot chocolate products [Member] | Product Concentration Risk [Member]
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage									23.00%	15.00%
Other [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									$ 675,339	$ 471,097
Other [Member] | Product Concentration Risk [Member]
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage									3.00%	4.00%
Gross sales [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									$ 28,957,136	$ 13,754,478
Gross sales [Member] | Product Concentration Risk [Member]
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage									111.00%	105.00%
Shipping income [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									$ 248,865	$ 464,551
Shipping income [Member] | Product Concentration Risk [Member]
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage									1.00%	4.00%
Returns and discount [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									$ (3,199,603)	$ (1,115,301)
Returns and discount [Member] | Product Concentration Risk [Member]
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage									(12.00%)	(9.00%)

Revenue Recognition - Summary_2

Revenue Recognition - Summary Of Disaggregation Of Revenue Based On Channels (Detail) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Disaggregation Of Revenue Based On Channels [Line Items]
Revenue from contract with customer, excluding assessed tax	$ 7,301,270	$ 7,613,073	$ 5,608,830	$ 5,483,225	$ 4,171,086	$ 3,487,335	$ 2,954,190	$ 2,491,117	$ 26,006,398	$ 13,103,728
Concentration risk, percentage									100.00%	100.00%
Online [Member]
Disaggregation Of Revenue Based On Channels [Line Items]
Revenue from contract with customer, excluding assessed tax									$ 14,501,706	$ 7,646,864
Concentration risk, percentage									56.00%	59.00%
Wholesale [Member]
Disaggregation Of Revenue Based On Channels [Line Items]
Revenue from contract with customer, excluding assessed tax									$ 10,996,517	$ 5,295,024
Concentration risk, percentage									42.00%	40.00%
Food service [Member]
Disaggregation Of Revenue Based On Channels [Line Items]
Revenue from contract with customer, excluding assessed tax									$ 508,175	$ 161,840
Concentration risk, percentage									2.00%	1.00%

Revenue Recognition - Additiona

Revenue Recognition - Additional information (Detail) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
Accounts receivable, net	$ 839,659	$ 384,806

Quarterly Results of Operatio_3

Quarterly Results of Operations (Unaudited) - Summary of Quarterly results of Operations (Detail) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Statement of Operations Data:
Sales, net	$ 7,301,270	$ 7,613,073	$ 5,608,830	$ 5,483,225	$ 4,171,086	$ 3,487,335	$ 2,954,190	$ 2,491,117	$ 26,006,398	$ 13,103,728
Cost of goods sold	(5,819,762)	(5,734,144)	(4,285,128)	(3,365,608)	(2,722,605)	(2,026,930)	(1,804,956)	(1,464,603)	(19,204,642)	(8,019,094)
Gross profit	1,481,508	1,878,929	1,323,702	2,117,617	1,448,481	1,460,405	1,149,234	1,026,514	6,801,756	5,084,634
Operating Expenses [Abstract]
General and Administrative Expense	3,177,448	2,218,819	1,832,442	1,599,570	1,491,383	1,376,302	1,426,954	906,545	8,828,279	5,201,184
Research and development expenses	144,180	102,879	117,796	143,315	137,872	109,978	42,866	33,568	508,170	324,284
Sales and marketing	2,666,900	2,939,061	2,395,701	2,392,816	2,045,841	2,385,080	2,018,646	1,861,570	10,394,478	8,311,137
Total expenses	5,988,528	5,260,759	4,345,939	4,135,701	3,675,096	3,871,360	3,488,466	2,801,683	19,730,927	13,836,605
Operating loss	(4,507,020)	(3,381,830)	(3,022,237)	(2,018,084)	(2,226,615)	(2,410,955)	(2,339,232)	(1,775,169)	(12,929,171)	(8,751,971)
Other (expense) income	13,423	26,746	15,847	22,854	67,519	37,773	88,047	54,684	78,870	248,023
Net loss	(4,493,597)	(3,355,084)	(3,006,390)	(1,995,230)	(2,159,096)	(2,373,182)	(2,251,185)	(1,720,485)	(12,850,301)	(8,503,948)
Less deemed dividend of beneficial conversion feature			(825,366)						(825,366)	0
Less deemed dividend on warrant discount		(645,939)	(179,427)						(825,366)	0
Deemed contribution from the redemption of preferred stock					7,448,879				0	7,448,879
Net loss attributable to Laird Superfood, Inc. common stockholders	$ (4,493,597)	$ (4,001,023)	$ (4,011,183)	$ (1,995,230)	$ 5,289,783	$ (2,373,182)	$ (2,251,185)	$ (1,720,485)	$ (14,501,033)	$ (1,055,069)
Net loss per share, basic and diluted	$ (0.51)	$ (1.32)	$ (1.28)	$ (0.98)
Shares used in computing net loss per share, basic and diluted	8,876,431	4,672,041	4,325,265	4,281,346					5,546,078	3,668,050
Shares used in computing net loss per share, basic					4,045,056	3,592,735	3,520,338	3,509,009	5,546,078	3,668,050
Net income (loss) per share, basic					$ 1.31	$ (0.66)	$ (0.64)	$ (0.49)	$ (2.61)	$ (0.29)
Net income (loss) per share, diluted					$ 0.96	$ (0.66)	$ (0.64)	$ (0.49)	$ (2.61)	$ (0.29)
Shares used in computing net loss per share, diluted					5,532,032	3,592,735	3,520,338	3,509,009	5,546,078	3,668,050