10-Q Filing

Karat Packaging Inc. CIK: 1758021 Q3 2022

Filing Information

Form Type	10-Q
Accession Number	`0001628280-22-029881`
Period End Date	20220930
Filing Date	20221114
Fiscal Year	2022
Fiscal Period	Q3
XBRL Instance	krt-20220930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 106 Income Statement 104 Cash Flow Statement 104 Stockholders Equity 45

Balance Sheet 106 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents (including $1,568 and $1,163 associated with variable interest entity at September 30, 2022 and December 31, 2021, respectively)	`CashAndCashEquivalentsAtCarryingValue`	$7.53M	USD	Point-in-time
Cash and cash equivalents (including $1,568 and $1,163 associated with variable interest entity at September 30, 2022 and December 31, 2021, respectively)	`CashAndCashEquivalentsAtCarryingValue`	$6.48M	USD	Point-in-time
Accounts receivable, net of allowances of $1,695 and $583 at September 30, 2022 and December 31, 2021, respectively (including $3 and $24 associated with variable interest entity at September 30, 2022 and December 31, 2021, respectively)	`AccountsReceivableNetCurrent`	$36.73M	USD	Point-in-time
Accounts receivable, net of allowances of $1,695 and $583 at September 30, 2022 and December 31, 2021, respectively (including $3 and $24 associated with variable interest entity at September 30, 2022 and December 31, 2021, respectively)	`AccountsReceivableNetCurrent`	$32.78M	USD	Point-in-time
Inventories	`InventoryNet`	$58.47M	USD	Point-in-time
Inventories	`InventoryNet`	$73.29M	USD	Point-in-time
Prepaid expenses and other current assets (including $187 and $63 associated with variable interest entity at September 30, 2022 and December 31, 2021, respectively)	`PrepaidExpenseAndOtherAssetsCurrent`	$5.14M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.53M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.48M	USD	Point-in-time
Prepaid expenses and other current assets (including $187 and $63 associated with variable interest entity at September 30, 2022 and December 31, 2021, respectively)	`PrepaidExpenseAndOtherAssetsCurrent`	$7.26M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.70M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$124.81M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$583.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$102.87M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.14M	USD	Point-in-time
Property and equipment, net (including $45,702 and $46,612 associated with variable interest entity at September 30, 2022 and December 31, 2021, respectively)	`PropertyPlantAndEquipmentNet`	$93.47M	USD	Point-in-time
Property and equipment, net (including $45,702 and $46,612 associated with variable interest entity at September 30, 2022 and December 31, 2021, respectively)	`PropertyPlantAndEquipmentNet`	$94.35M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$7.26M	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$15.61M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$93.47M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$94.35M	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$6.88M	USD	Point-in-time
Goodwill	`Goodwill`	$3.51M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$477.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$827.00K	USD	Point-in-time
Goodwill	`Goodwill`	$3.51M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$18.93M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$18.47M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$360.00K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$380.00K	USD	Point-in-time
Other assets (including $47 and $65 associated with variable interest entity at September 30, 2022 and December 31, 2021, respectively)	`OtherAssetsNoncurrent`	$477.00K	USD	Point-in-time
Other assets (including $47 and $65 associated with variable interest entity at September 30, 2022 and December 31, 2021, respectively)	`OtherAssetsNoncurrent`	$827.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$8.47M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$7.81M	USD	Point-in-time
Total assets	`Assets`	$239.46M	USD	Point-in-time
Total assets	`Assets`	$207.60M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$196.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$85.00K	USD	Point-in-time
Customer deposits	`ContractWithCustomerLiabilityCurrent`	$1.19M	USD	Point-in-time
Customer deposits	`ContractWithCustomerLiabilityCurrent`	$1.22M	USD	Point-in-time
Long-term debt, current portion	`LongTermDebtCurrent`	$948.00K	USD	Point-in-time
Long-term debt, current portion	`LongTermDebtCurrent`	$1.18M	USD	Point-in-time
Accounts payable (including $27 and $136 associated with variable interest entity at September 30, 2022 and December 31, 2021, respectively)	`AccountsPayableCurrent`	$18.93M	USD	Point-in-time
Accounts payable (including $27 and $136 associated with variable interest entity at September 30, 2022 and December 31, 2021, respectively)	`AccountsPayableCurrent`	$18.47M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$229.00K	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$200.00K	USD	Point-in-time
Accrued expenses (including $480 and $68 associated with variable interest entity at September 30, 2022 and December 31, 2021, respectively)	`AccruedLiabilitiesCurrent`	$8.47M	USD	Point-in-time
Accrued expenses (including $480 and $68 associated with variable interest entity at September 30, 2022 and December 31, 2021, respectively)	`AccruedLiabilitiesCurrent`	$7.81M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$3.84M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$3.13M	USD	Point-in-time
Related party payable	`DueToRelatedPartiesCurrent`	$2.00M	USD	Point-in-time
Related party payable	`DueToRelatedPartiesCurrent`	$4.86M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Income taxes payable (including $0 and $9 associated with variable interest entity at September 30, 2022 and December 31, 2021, respectively)	`AccruedIncomeTaxesCurrent`	$196.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Income taxes payable (including $0 and $9 associated with variable interest entity at September 30, 2022 and December 31, 2021, respectively)	`AccruedIncomeTaxesCurrent`	$85.00K	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Customer deposits (including $244 and $88 associated with variable interest entity as of September 30, 2022 and December 31, 2021, respectively)	`ContractWithCustomerLiabilityCurrent`	$1.19M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Customer deposits (including $244 and $88 associated with variable interest entity as of September 30, 2022 and December 31, 2021, respectively)	`ContractWithCustomerLiabilityCurrent`	$1.22M	USD	Point-in-time
Debt, current portion (including $1.2 million associated with variable interest entity as of both March 31, 2022 and December 31, 2021)	`LongTermDebtCurrent`	$948.00K	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	19.83M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	19.83M	shares	Point-in-time
Debt, current portion (including $1.2 million associated with variable interest entity as of both March 31, 2022 and December 31, 2021)	`LongTermDebtCurrent`	$1.18M	USD	Point-in-time
Other payables	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$242.00K	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	19.81M	shares	Point-in-time
Other payables	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	-	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	19.80M	shares	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$34.83M	USD	Point-in-time
Treasury stock, par value (in dollars per share)	`TreasuryStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$30.76M	USD	Point-in-time
Treasury stock, par value (in dollars per share)	`TreasuryStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockCommonShares`	23,000.00	shares	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockCommonShares`	23,000.00	shares	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$5.63M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$5.63M	USD	Point-in-time
Long-term debt, net of current portion and debt discount of $229 and $200 as of September 30, 2022 and December 31, 2021, respectively (including $41,789 and $35,339 associated with variable interest entity at September 30, 2022 and December 31, 2021, respectively, and debt discount of $229 and $200 associated with variable interest entity as of September 30, 2022 and December 31, 2021, respectively)	`LongTermDebtExcludingLongTermLineOfCreditNoncurrent`	$35.34M	USD	Point-in-time
Long-term debt, net of current portion and debt discount of $229 and $200 as of September 30, 2022 and December 31, 2021, respectively (including $41,789 and $35,339 associated with variable interest entity at September 30, 2022 and December 31, 2021, respectively, and debt discount of $229 and $200 associated with variable interest entity as of September 30, 2022 and December 31, 2021, respectively)	`LongTermDebtExcludingLongTermLineOfCreditNoncurrent`	$41.79M	USD	Point-in-time
Other liabilities (including $1,302 and $2,637 associated with variable interest entity at September 30, 2022 and December 31, 2021, respectively)	`OtherLiabilitiesNoncurrent`	$3.84M	USD	Point-in-time
Other liabilities (including $1,302 and $2,637 associated with variable interest entity at September 30, 2022 and December 31, 2021, respectively)	`OtherLiabilitiesNoncurrent`	$3.13M	USD	Point-in-time
Total liabilities	`Liabilities`	$85.38M	USD	Point-in-time
Total liabilities	`Liabilities`	$75.57M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.001 par value, 100,000,000 shares authorized, 19,832,417 and 19,809,417 shares issued and outstanding, respectively, at September 30, 2022; 19,827,417 and 19,804,417 shares issued and outstanding, respectively, at December 31, 2021	`CommonStockValue`	$20.00K	USD	Point-in-time
Common stock, $0.001 par value, 100,000,000 shares authorized, 19,832,417 and 19,809,417 shares issued and outstanding, respectively, at September 30, 2022; 19,827,417 and 19,804,417 shares issued and outstanding, respectively, at December 31, 2021	`CommonStockValue`	$20.00K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$83.69M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$85.52M	USD	Point-in-time
Treasury stock, $0.001 par value, 23,000 shares at both September 30, 2022 and December 31, 2021	`TreasuryStockValue`	$248.00K	USD	Point-in-time
Treasury stock, $0.001 par value, 23,000 shares at both September 30, 2022 and December 31, 2021	`TreasuryStockValue`	$248.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$39.43M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$58.54M	USD	Point-in-time
Total Karat Packaging Inc. stockholders equity	`StockholdersEquity`	$143.83M	USD	Point-in-time
Total Karat Packaging Inc. stockholders equity	`StockholdersEquity`	$122.90M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$9.12M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$10.25M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$39.87M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$120.09M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$125.01M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$132.03M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$140.24M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$42.92M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$154.08M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$147.52M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$207.60M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$239.46M	USD	Point-in-time

Income Statement 104 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$110.00M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$102.71M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$330.29M	USD	3 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$272.91M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$193.39M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$72.92M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$227.87M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$75.83M	USD	1 Quarter
Gross profit	`GrossProfit`	$102.42M	USD	3 Qtrs
Gross profit	`GrossProfit`	$79.52M	USD	3 Qtrs
Gross profit	`GrossProfit`	$29.79M	USD	1 Quarter
Gross profit	`GrossProfit`	$34.17M	USD	1 Quarter
Selling expense	`SellingExpense`	$24.03M	USD	3 Qtrs
Selling expense	`SellingExpense`	$9.41M	USD	1 Quarter
Selling expense	`SellingExpense`	$9.86M	USD	1 Quarter
Selling expense	`SellingExpense`	$28.22M	USD	3 Qtrs
General and administrative expense (including $665 and $683 associated with variable interest entity for the three months ended September 30, 2022 and 2021, respectively; $1,899 and $1,983 associated with variable interest entity for the nine months ended September 30, 2022 and 2021, respectively)	`GeneralAndAdministrativeExpense`	$39.48M	USD	3 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$39.48M	USD	3 Qtrs
General and administrative expense (including $665 and $683 associated with variable interest entity for the three months ended September 30, 2022 and 2021, respectively; $1,899 and $1,983 associated with variable interest entity for the nine months ended September 30, 2022 and 2021, respectively)	`GeneralAndAdministrativeExpense`	$14.57M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$14.57M	USD	1 Quarter
General and administrative expense (including $665 and $683 associated with variable interest entity for the three months ended September 30, 2022 and 2021, respectively; $1,899 and $1,983 associated with variable interest entity for the nine months ended September 30, 2022 and 2021, respectively)	`GeneralAndAdministrativeExpense`	$49.00M	USD	3 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$49.00M	USD	3 Qtrs
General and administrative expense (including $665 and $683 associated with variable interest entity for the three months ended September 30, 2022 and 2021, respectively; $1,899 and $1,983 associated with variable interest entity for the nine months ended September 30, 2022 and 2021, respectively)	`GeneralAndAdministrativeExpense`	$16.84M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$16.84M	USD	1 Quarter
Rental income	`RentalIncomeNonoperating`	$738.00K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$77.22M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$26.26M	USD	1 Quarter
Rental income	`RentalIncomeNonoperating`	$239.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$24.43M	USD	1 Quarter
Rental income	`RentalIncomeNonoperating`	$246.00K	USD	1 Quarter
Rental income	`RentalIncomeNonoperating`	$715.00K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$63.51M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$25.20M	USD	3 Qtrs
Interest income (expense)	`InterestIncomeExpenseNonoperatingNet`	$584.00K	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$16.01M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$5.37M	USD	1 Quarter
Interest income (expense)	`InterestIncomeExpenseNonoperatingNet`	$-1.16M	USD	3 Qtrs
Interest income (expense)	`InterestIncomeExpenseNonoperatingNet`	$-308.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$7.91M	USD	1 Quarter
Interest income (expense)	`InterestIncomeExpenseNonoperatingNet`	$-493.00K	USD	1 Quarter
Rental income (including $239 and $246 associated with variable interest entity for the three months ended September 30, 2022 and 2021, respectively; and $715 and $738 associated with variable interest entity for the nine months ended September 30, 2022 and 2021, respectively)	`RentalIncomeNonoperating`	$738.00K	USD	3 Qtrs
Rental income (including $239 and $246 associated with variable interest entity for the three months ended September 30, 2022 and 2021, respectively; and $715 and $738 associated with variable interest entity for the nine months ended September 30, 2022 and 2021, respectively)	`RentalIncomeNonoperating`	$239.00K	USD	1 Quarter
Rental income (including $239 and $246 associated with variable interest entity for the three months ended September 30, 2022 and 2021, respectively; and $715 and $738 associated with variable interest entity for the nine months ended September 30, 2022 and 2021, respectively)	`RentalIncomeNonoperating`	$246.00K	USD	1 Quarter
Rental income (including $239 and $246 associated with variable interest entity for the three months ended September 30, 2022 and 2021, respectively; and $715 and $738 associated with variable interest entity for the nine months ended September 30, 2022 and 2021, respectively)	`RentalIncomeNonoperating`	$715.00K	USD	3 Qtrs
Other income (expense)	`OtherNonoperatingIncomeExpense`	$101.00K	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$28.00K	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$223.00K	USD	3 Qtrs
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-235.00K	USD	3 Qtrs
Gain (Loss) on foreign currency transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$1.35M	USD	3 Qtrs
Gain (Loss) on foreign currency transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$369.00K	USD	1 Quarter
Gain (Loss) on foreign currency transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$-63.00K	USD	1 Quarter
Gain (Loss) on foreign currency transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$-347.00K	USD	3 Qtrs
Interest (expense) income (including $470 interest expense and $273 interest expense associated with variable interest entity for the three months ended September 30, 2022 and 2021, respectively; and $781 interest income and $283 interest expense associated with variable interest entity for the nine months ended September 30, 2022 and 2021, respectively)	`InterestIncomeExpenseNonoperatingNet`	$584.00K	USD	3 Qtrs
Interest (expense) income (including $470 interest expense and $273 interest expense associated with variable interest entity for the three months ended September 30, 2022 and 2021, respectively; and $781 interest income and $283 interest expense associated with variable interest entity for the nine months ended September 30, 2022 and 2021, respectively)	`InterestIncomeExpenseNonoperatingNet`	$-1.16M	USD	3 Qtrs
Interest (expense) income (including $470 interest expense and $273 interest expense associated with variable interest entity for the three months ended September 30, 2022 and 2021, respectively; and $781 interest income and $283 interest expense associated with variable interest entity for the nine months ended September 30, 2022 and 2021, respectively)	`InterestIncomeExpenseNonoperatingNet`	$-308.00K	USD	1 Quarter
Interest (expense) income (including $470 interest expense and $273 interest expense associated with variable interest entity for the three months ended September 30, 2022 and 2021, respectively; and $781 interest income and $283 interest expense associated with variable interest entity for the nine months ended September 30, 2022 and 2021, respectively)	`InterestIncomeExpenseNonoperatingNet`	$-493.00K	USD	1 Quarter
Gain on forgiveness of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	3 Qtrs
Gain on forgiveness of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on forgiveness of debt	`GainsLossesOnExtinguishmentOfDebt`	$5.00M	USD	3 Qtrs
Gain on forgiveness of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$2.42M	USD	3 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-24.00K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$143.00K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$4.46M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$8.05M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$20.46M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$27.62M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.34M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.32M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.00M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.90M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.27M	USD	1 Quarter
Net income	`ProfitLoss`	$4.07M	USD	1 Quarter
Net income	`ProfitLoss`	$3.05M	USD	1 Quarter
Net income	`ProfitLoss`	$7.94M	USD	1 Quarter
Net income	`ProfitLoss`	$6.15M	USD	1 Quarter
Net income	`ProfitLoss`	$16.46M	USD	3 Qtrs
Net income	`ProfitLoss`	$7.20M	USD	1 Quarter
Net income	`ProfitLoss`	$9.34M	USD	1 Quarter
Net income	`ProfitLoss`	$21.30M	USD	3 Qtrs
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$57.00K	USD	1 Quarter
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.19M	USD	3 Qtrs
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.31M	USD	3 Qtrs
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$287.00K	USD	1 Quarter
Net income attributable to Karat Packaging Inc.	`NetIncomeLoss`	$6.10M	USD	1 Quarter
Net income attributable to Karat Packaging Inc.	`NetIncomeLoss`	$3.79M	USD	1 Quarter
Net income attributable to Karat Packaging Inc.	`NetIncomeLoss`	$15.15M	USD	3 Qtrs
Net income attributable to Karat Packaging Inc.	`NetIncomeLoss`	$19.11M	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.19	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.96	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.84	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.31	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.19	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.84	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.31	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.96	USD	3 Qtrs
Weighted average common shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	19.71M	shares	1 Quarter
Weighted average common shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	19.81M	shares	1 Quarter
Weighted average common shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	17.95M	shares	3 Qtrs
Weighted average common shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	19.81M	shares	3 Qtrs
Weighted average common shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	19.94M	shares	1 Quarter
Weighted average common shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	18.11M	shares	3 Qtrs
Weighted average common shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	19.88M	shares	1 Quarter
Weighted average common shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	19.92M	shares	3 Qtrs

Cash Flow Statement 104 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$4.07M	USD	1 Quarter
Net income	`ProfitLoss`	$3.05M	USD	1 Quarter
Net income	`ProfitLoss`	$7.94M	USD	1 Quarter
Net income	`ProfitLoss`	$6.15M	USD	1 Quarter
Net income	`ProfitLoss`	$16.46M	USD	3 Qtrs
Net income	`ProfitLoss`	$7.20M	USD	1 Quarter
Net income	`ProfitLoss`	$9.34M	USD	1 Quarter
Net income	`ProfitLoss`	$21.30M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.48M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.75M	USD	3 Qtrs
Adjustments to accounts receivable reserves	`ProvisionForDoubtfulAccounts`	-	USD	3 Qtrs
Adjustments to accounts receivable reserves	`ProvisionForDoubtfulAccounts`	$1.11M	USD	3 Qtrs
Adjustments to inventory reserves	`InventoryWriteDown`	$441.00K	USD	3 Qtrs
Adjustments to inventory reserves	`InventoryWriteDown`	$133.00K	USD	3 Qtrs
Gain on sale of asset	`GainLossOnDispositionOfAssets1`	-	USD	3 Qtrs
Gain on sale of asset	`GainLossOnDispositionOfAssets1`	$33.00K	USD	3 Qtrs
Change in fair value of interest rate swap	`DerivativeGainLossOnDerivativeNet`	$2.16M	USD	3 Qtrs
Change in fair value of interest rate swap	`DerivativeGainLossOnDerivativeNet`	$1.30M	USD	3 Qtrs
Amortization of loan fees	`AmortizationOfDeferredLoanOriginationFeesNet`	$-28.00K	USD	3 Qtrs
Amortization of loan fees	`AmortizationOfDeferredLoanOriginationFeesNet`	$-9.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.77M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.09M	USD	3 Qtrs
Gain on forgiveness of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	3 Qtrs
Gain on forgiveness of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on forgiveness of debt	`GainsLossesOnExtinguishmentOfDebt`	$5.00M	USD	3 Qtrs
Gain on forgiveness of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$5.07M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$9.44M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$11.23M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$15.26M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.26M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-840.00K	USD	3 Qtrs
Deposits	`IncreaseDecreaseInDepositOtherAssets`	$64.00K	USD	3 Qtrs
Deposits	`IncreaseDecreaseInDepositOtherAssets`	$143.00K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$238.00K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-100.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$459.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.04M	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$1.13M	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$3.20M	USD	3 Qtrs
Related party payable	`IncreaseDecreaseInDueToRelatedParties`	$-2.43M	USD	3 Qtrs
Related party payable	`IncreaseDecreaseInDueToRelatedParties`	$2.85M	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$65.00K	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$111.00K	USD	3 Qtrs
Customer deposits	`IncreaseDecreaseInContractWithCustomerLiability`	$574.00K	USD	3 Qtrs
Customer deposits	`IncreaseDecreaseInContractWithCustomerLiability`	$-29.00K	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$150.00K	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	-	USD	3 Qtrs
Other payable	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-363.00K	USD	3 Qtrs
Other payable	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$242.00K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.25M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$12.50M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.01M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.95M	USD	3 Qtrs
Proceeds from disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	3 Qtrs
Proceeds from disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$76.00K	USD	3 Qtrs
Deposits paid for property and equipment	`PaymentsForDepositsForPropertyPlantAndEquipment`	$11.47M	USD	3 Qtrs
Deposits paid for property and equipment	`PaymentsForDepositsForPropertyPlantAndEquipment`	$3.79M	USD	3 Qtrs
Deposits paid for joint venture investment	`PaymentsToAcquireInterestInJointVenture`	-	USD	3 Qtrs
Deposits paid for joint venture investment	`PaymentsToAcquireInterestInJointVenture`	$4.00M	USD	3 Qtrs
Proceeds from settlement of interest rate swap	`ProceedsFromDerivativeInstrumentInvestingActivities`	$825.00K	USD	3 Qtrs
Proceeds from settlement of interest rate swap	`ProceedsFromDerivativeInstrumentInvestingActivities`	-	USD	3 Qtrs
Acquisition of Pacific Cup, Inc., net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	3 Qtrs
Acquisition of Pacific Cup, Inc., net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$900.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.64M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-16.58M	USD	3 Qtrs
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$21.10M	USD	3 Qtrs
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$1.47M	USD	3 Qtrs
Payments on line of credit	`RepaymentsOfLinesOfCredit`	$21.10M	USD	3 Qtrs
Payments on line of credit	`RepaymentsOfLinesOfCredit`	$34.64M	USD	3 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebtExcludingProceedsFromLongTermLineOfCredit`	$16.00M	USD	3 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebtExcludingProceedsFromLongTermLineOfCredit`	$27.48M	USD	3 Qtrs
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$21.34M	USD	3 Qtrs
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$38.98M	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromIssuanceInitialPublicOffering`	$67.59M	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromIssuanceInitialPublicOffering`	$51.00K	USD	3 Qtrs
Payments on capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$319.00K	USD	3 Qtrs
Payments on capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	-	USD	3 Qtrs
Payments of noncontrolling interest tax withholding	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.06M	USD	3 Qtrs
Payments of noncontrolling interest tax withholding	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$11.12M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.13M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.05M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.23M	USD	3 Qtrs
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.48M	USD	Point-in-time
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$448.00K	USD	Point-in-time
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.53M	USD	Point-in-time
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.68M	USD	Point-in-time
End of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.48M	USD	Point-in-time
End of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$448.00K	USD	Point-in-time
End of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.53M	USD	Point-in-time
End of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.68M	USD	Point-in-time
Transfers from deposit to property and equipment	`PropertyPlantAndEquipmentTransfersAndChanges`	$6.64M	USD	3 Qtrs
Transfers from deposit to property and equipment	`PropertyPlantAndEquipmentTransfersAndChanges`	$3.21M	USD	3 Qtrs
Acquisition price of Pacific Cup, Inc. included within deposits	`AcquisitionPriceIncludedWithinDeposits`	-	USD	3 Qtrs
Acquisition price of Pacific Cup, Inc. included within deposits	`AcquisitionPriceIncludedWithinDeposits`	$100.00K	USD	3 Qtrs
Gain on forgiveness of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	3 Qtrs
Gain on forgiveness of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on forgiveness of debt	`GainsLossesOnExtinguishmentOfDebt`	$5.00M	USD	3 Qtrs
Gain on forgiveness of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$3.32M	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$7.07M	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	$2.47M	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	$1.54M	USD	3 Qtrs

Stockholders Equity 45 line items

Line Item	Tag	Value	Unit	Period
Net of issuance costs	`PaymentsOfStockIssuanceCosts`	$5.09M	USD	1 Quarter
Balance at the beginning of period (in shares)	`CommonStockSharesOutstanding`	19.81M	shares	Point-in-time
Balance at the beginning of period (in shares)	`CommonStockSharesOutstanding`	19.80M	shares	Point-in-time
Balance at the beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$39.87M	USD	Point-in-time
Balance at the beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$120.09M	USD	Point-in-time
Balance at the beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$125.01M	USD	Point-in-time
Balance at the beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$132.03M	USD	Point-in-time
Balance at the beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$140.24M	USD	Point-in-time
Balance at the beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$42.92M	USD	Point-in-time
Balance at the beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$154.08M	USD	Point-in-time
Balance at the beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$147.52M	USD	Point-in-time
Treasury stock, balance at the beginning of period (in shares)	`TreasuryStockCommonShares`	23,000.00	shares	Point-in-time
Treasury stock, balance at the beginning of period (in shares)	`TreasuryStockCommonShares`	23,000.00	shares	Point-in-time
Issuance of common stock in connection with our initial public offering, net of issuance costs of $5,088	`StockIssuedDuringPeriodValueNewIssues`	$67.59M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$848.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$240.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$611.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$565.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$598.00K	USD	1 Quarter
Exercise of common stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	5,000.00	shares	1 Quarter
Exercise of common stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	5,000.00	shares	3 Qtrs
Exercise of common stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$51.00K	USD	1 Quarter
Noncontrolling interest tax withholding	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$190.00K	USD	1 Quarter
Noncontrolling interest tax withholding	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$487.00K	USD	1 Quarter
Noncontrolling interest tax withholding	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$387.00K	USD	1 Quarter
Net income	`ProfitLoss`	$4.07M	USD	1 Quarter
Net income	`ProfitLoss`	$3.05M	USD	1 Quarter
Net income	`ProfitLoss`	$7.94M	USD	1 Quarter
Net income	`ProfitLoss`	$6.15M	USD	1 Quarter
Net income	`ProfitLoss`	$16.46M	USD	3 Qtrs
Net income	`ProfitLoss`	$7.20M	USD	1 Quarter
Net income	`ProfitLoss`	$9.34M	USD	1 Quarter
Net income	`ProfitLoss`	$21.30M	USD	3 Qtrs
Balance at the end of period (in shares)	`CommonStockSharesOutstanding`	19.81M	shares	Point-in-time
Balance at the end of period (in shares)	`CommonStockSharesOutstanding`	19.80M	shares	Point-in-time
Balance at the end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$39.87M	USD	Point-in-time
Balance at the end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$120.09M	USD	Point-in-time
Balance at the end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$125.01M	USD	Point-in-time
Balance at the end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$132.03M	USD	Point-in-time
Balance at the end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$140.24M	USD	Point-in-time
Balance at the end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$42.92M	USD	Point-in-time
Balance at the end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$154.08M	USD	Point-in-time
Balance at the end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$147.52M	USD	Point-in-time
Treasury stock, balance at the end of period (in shares)	`TreasuryStockCommonShares`	23,000.00	shares	Point-in-time
Treasury stock, balance at the end of period (in shares)	`TreasuryStockCommonShares`	23,000.00	shares	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.