v3.26.1

Consolidated Condensed Balance Sheets (Current Period Unaudited) - USD ($)	Mar. 31, 2026	Dec. 31, 2025
Assets
Cash, cash equivalents, and restricted cash	$ 10,519,704	$ 5,320,600
Accounts receivable, net	6,904,516	3,899,205
Inventory	17,336,415	7,782,169
Prepaid expenses and other current assets	2,729,599	1,838,683
Total current assets	37,490,234	18,840,657
Property and equipment, net	87,910	41,203
Intangible assets, net	19,922,742	75,000
Related party license agreements	132,100	132,100
Goodwill	16,696,021	0
Right-of-use assets	547,910	128,877
Total assets	74,876,917	19,217,837
Current liabilities
Accounts payable	7,562,273	3,094,579
Accrued expenses	3,822,880	4,458,096
Related party liabilities	52,500	46,500
Lease liabilities, current portion	303,442	109,145
Total current liabilities	11,741,095	7,708,320
Lease liabilities	277,142	46,730
Total liabilities	12,018,237	7,755,050
Mezzanine Equity
Series A preferred stock, $0.001 par value, 110,000 shares authorized and 50,000 shares issued and outstanding at March 31, 2026.	49,337,533	0
Stockholders’ equity
Common stock, $0.001 par value, 100,000,000 shares authorized at March 31, 2026 and December 31, 2025; 11,301,096 issued and 10,925,218 outstanding at March 31, 2026; and 11,071,096 issued and 10,694,765 outstanding at December 31, 2025.	10,925	10,695
Additional paid-in capital	123,129,813	122,822,613
Accumulated deficit	(109,619,591)	(111,370,521)
Total stockholders’ equity	13,521,147	11,462,787
Total liabilities, mezzanine equity, and stockholders’ equity	74,876,917	19,217,837
Series A Preferred Stock [Member]
Mezzanine Equity
Series A preferred stock, $0.001 par value, 110,000 shares authorized and 50,000 shares issued and outstanding at March 31, 2026.	$ 49,337,533	$ 0

Carrying value as of the balance sheet date of obligations incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(19)(a)(4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480657/210-10-S50-8

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 8
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483467/210-10-45-8

Laird Superfood, Inc. 10-Q