2023 Q1 Form 10-K Financial Statement
#000184078023000014 Filed on March 31, 2023
Income Statement
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
Revenue | $6.698M | $6.638M | $19.47M |
YoY Change | 2275.18% | 2014.01% | 2952.35% |
Cost Of Revenue | $6.419M | $5.724M | $17.26M |
YoY Change | 2643.16% | 3027.87% | 3895.14% |
Gross Profit | $279.0K | $914.0K | $2.215M |
YoY Change | 481.25% | 597.71% | 975.24% |
Gross Profit Margin | 4.17% | 13.77% | 11.37% |
Selling, General & Admin | $15.98M | $16.02M | $82.68M |
YoY Change | -28.2% | -38.4% | 99.24% |
% of Gross Profit | 5727.96% | 1752.63% | 3732.82% |
Research & Development | $3.576M | $4.582M | $14.06M |
YoY Change | 83.57% | 288.31% | 310.48% |
% of Gross Profit | 1281.72% | 501.31% | 634.72% |
Depreciation & Amortization | $3.458M | $3.598M | $10.43M |
YoY Change | 539.19% | 1132.19% | 1424.42% |
% of Gross Profit | 1239.43% | 393.65% | 470.74% |
Operating Expenses | $19.56M | $23.12M | $96.74M |
YoY Change | -19.21% | -13.72% | 115.35% |
Operating Profit | -$19.28M | -$22.20M | -$94.53M |
YoY Change | -20.2% | -16.73% | 111.39% |
Interest Expense | -$4.299M | -$4.472M | -$16.73M |
YoY Change | 161.66% | 139.66% | 226.01% |
% of Operating Profit | |||
Other Income/Expense, Net | $50.00K | $93.00K | $189.0K |
YoY Change | 66.67% | -63.81% | -17.83% |
Pretax Income | -$23.53M | -$26.53M | -$111.1M |
YoY Change | -8.71% | -6.15% | 98.01% |
Income Tax | $0.00 | ||
% Of Pretax Income | |||
Net Earnings | -$23.53M | -$26.53M | -$111.1M |
YoY Change | -8.71% | -6.15% | 98.01% |
Net Earnings / Revenue | -351.25% | -399.7% | -570.36% |
Basic Earnings Per Share | -$0.23 | -$1.27 | |
Diluted Earnings Per Share | -$0.23 | -$0.30 | -$1.27 |
COMMON SHARES | |||
Basic Shares Outstanding | 104.5M shares | 103.7M shares | 87.11M shares |
Diluted Shares Outstanding | 100.5M shares | 87.11M shares |
Balance Sheet
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $7.468M | $13.67M | $13.67M |
YoY Change | -89.62% | -85.86% | -85.86% |
Cash & Equivalents | $7.468M | $13.67M | $13.67M |
Short-Term Investments | |||
Other Short-Term Assets | $3.459M | $14.15M | $14.15M |
YoY Change | -56.76% | 81.29% | 81.29% |
Inventory | $3.848M | $3.594M | $3.594M |
Prepaid Expenses | |||
Receivables | $2.610M | $2.691M | $2.691M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $17.39M | $34.10M | $34.10M |
YoY Change | -78.62% | -67.68% | -67.68% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $197.1M | $158.0M | $158.0M |
YoY Change | 348.11% | 322.97% | 322.35% |
Goodwill | $38.48M | $38.48M | |
YoY Change | |||
Intangibles | $45.60M | $47.27M | |
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $24.00K | $901.0K | $901.0K |
YoY Change | -97.35% | -11.41% | -11.41% |
Total Long-Term Assets | $281.2M | $244.6M | $244.6M |
YoY Change | 522.66% | 536.71% | 536.71% |
TOTAL ASSETS | |||
Total Short-Term Assets | $17.39M | $34.10M | $34.10M |
Total Long-Term Assets | $281.2M | $244.6M | $244.6M |
Total Assets | $298.6M | $278.7M | $278.7M |
YoY Change | 136.11% | 93.66% | 93.66% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $21.85M | $13.76M | $13.76M |
YoY Change | 194.03% | 616.51% | 619.51% |
Accrued Expenses | $10.06M | $9.426M | $9.510M |
YoY Change | 49.69% | -41.16% | -40.77% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $31.99M | $23.27M | $23.27M |
YoY Change | 123.89% | 29.49% | 29.49% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $122.4M | $119.8M | $134.0M |
YoY Change | 1001.86% | 969.86% | 451.95% |
Other Long-Term Liabilities | $25.87M | $187.0K | $187.0K |
YoY Change | 17738.62% | 1770.0% | 1770.0% |
Total Long-Term Liabilities | $122.4M | $119.8M | $134.1M |
YoY Change | 1001.86% | 968.91% | 452.49% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $31.99M | $23.27M | $23.27M |
Total Long-Term Liabilities | $122.4M | $119.8M | $134.1M |
Total Liabilities | $194.5M | $157.4M | $157.4M |
YoY Change | 391.99% | 272.59% | 272.59% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$202.8M | -$179.3M | |
YoY Change | 115.76% | 162.76% | |
Common Stock | $10.00K | $10.00K | |
YoY Change | 11.11% | 11.11% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $104.2M | $121.3M | $121.3M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $298.6M | $278.7M | $278.7M |
YoY Change | 136.11% | 93.66% | 93.66% |
Cashflow Statement
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$23.53M | -$26.53M | -$111.1M |
YoY Change | -8.71% | -6.15% | 98.01% |
Depreciation, Depletion And Amortization | $3.458M | $3.598M | $10.43M |
YoY Change | 539.19% | 1132.19% | 1424.42% |
Cash From Operating Activities | -$7.830M | -$11.60M | -$48.81M |
YoY Change | -22.36% | 140.22% | 142.73% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $32.69M | $15.16M | $56.02M |
YoY Change | 122.76% | -197.96% | 88.84% |
Acquisitions | $90.55M | ||
YoY Change | |||
Other Investing Activities | $0.00 | -$90.55M | |
YoY Change | |||
Cash From Investing Activities | -$32.69M | -$15.16M | -$172.4M |
YoY Change | 122.76% | -2.04% | 481.09% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $23.05M | 27.71M | $145.1M |
YoY Change | 32357.75% | -74.0% | -3.81% |
NET CHANGE | |||
Cash From Operating Activities | -$7.830M | -11.60M | -$48.81M |
Cash From Investing Activities | -$32.69M | -15.16M | -$172.4M |
Cash From Financing Activities | $23.05M | 27.71M | $145.1M |
Net Change In Cash | -$17.47M | 957.0K | -$76.14M |
YoY Change | -29.23% | -98.89% | -175.36% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$7.830M | -$11.60M | -$48.81M |
Capital Expenditures | $32.69M | $15.16M | $56.02M |
Free Cash Flow | -$40.52M | -$26.75M | -$104.8M |
YoY Change | 63.64% | -351.34% | 110.61% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2022 | dei |
Entity Registrant Name
EntityRegistrantName
|
Local Bounti Corporation/DE | |
CY2022 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2022 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2022 | |
CY2022 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2022 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001840780 | |
CY2022 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
No | |
CY2022 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | |
CY2022 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
CY2022 | dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
|
Yes | |
CY2022 | dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | |
CY2022 | dei |
Entity Small Business
EntitySmallBusiness
|
true | |
CY2022 | dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
|
true | |
CY2022 | dei |
Entity Ex Transition Period
EntityExTransitionPeriod
|
false | |
CY2022 | dei |
Icfr Auditor Attestation Flag
IcfrAuditorAttestationFlag
|
false | |
CY2022 | dei |
Entity Shell Company
EntityShellCompany
|
false | |
CY2022Q2 | dei |
Entity Public Float
EntityPublicFloat
|
175300000 | usd |
CY2023Q1 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
104489422 | shares |
CY2022 | dei |
Auditor Firm
AuditorFirmId
|
100 | |
CY2022 | dei |
Auditor Name
AuditorName
|
WithumSmith+Brown, PC | |
CY2022 | dei |
Auditor Location
AuditorLocation
|
Whippany, New Jersey | |
CY2022Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
13666000 | usd |
CY2021Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
96661000 | usd |
CY2022Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
11272000 | usd |
CY2021Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
4416000 | usd |
CY2022Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
2691000 | usd |
CY2021Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
110000 | usd |
CY2022Q4 | us-gaap |
Inventory Net
InventoryNet
|
3594000 | usd |
CY2021Q4 | us-gaap |
Inventory Net
InventoryNet
|
922000 | usd |
CY2022Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
2881000 | usd |
CY2021Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
3399000 | usd |
CY2022Q4 | us-gaap |
Assets Current
AssetsCurrent
|
34104000 | usd |
CY2021Q4 | us-gaap |
Assets Current
AssetsCurrent
|
105508000 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
|
157844000 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
|
37350000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
137000 | usd |
CY2021Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
55000 | usd |
CY2022Q4 | us-gaap |
Goodwill
Goodwill
|
38481000 | usd |
CY2021Q4 | us-gaap |
Goodwill
Goodwill
|
0 | usd |
CY2022Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
47273000 | usd |
CY2021Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
0 | usd |
CY2022Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
901000 | usd |
CY2021Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
1017000 | usd |
CY2022Q4 | us-gaap |
Assets
Assets
|
278740000 | usd |
CY2021Q4 | us-gaap |
Assets
Assets
|
143930000 | usd |
CY2022Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
13757000 | usd |
CY2021Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
1920000 | usd |
CY2022Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
9426000 | usd |
CY2021Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
16020000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
84000 | usd |
CY2021Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
28000 | usd |
CY2022Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
23267000 | usd |
CY2021Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
17968000 | usd |
CY2022Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
119814000 | usd |
CY2021Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
11199000 | usd |
CY2022Q4 | locl |
Financing Obligation
FinancingObligation
|
14139000 | usd |
CY2021Q4 | locl |
Financing Obligation
FinancingObligation
|
13070000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
187000 | usd |
CY2021Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
10000 | usd |
CY2022 | us-gaap |
Operating Expenses
OperatingExpenses
|
96741000 | usd |
CY2021 | us-gaap |
Operating Expenses
OperatingExpenses
|
44923000 | usd |
CY2022 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-94526000 | usd |
CY2021 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-44717000 | usd |
CY2022 | locl |
Fair Value Adjustment Of Convertible Notes
FairValueAdjustmentOfConvertibleNotes
|
0 | usd |
CY2021 | locl |
Fair Value Adjustment Of Convertible Notes
FairValueAdjustmentOfConvertibleNotes
|
5067000 | usd |
CY2022 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-16734000 | usd |
CY2021 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-6618000 | usd |
CY2022 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
189000 | usd |
CY2021 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
309000 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-111071000 | usd |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-56093000 | usd |
CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.27 | |
CY2022 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.27 | |
CY2021 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.06 | |
CY2021 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.06 | |
CY2022 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
87114635 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
87114635 | shares |
CY2021 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
52888268 | shares |
CY2021 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
52888268 | shares |
CY2022 | us-gaap |
Business Combination Provisional Information Initial Accounting Incomplete Adjustment Inventory
BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentInventory
|
1042000 | usd |
CY2021 | us-gaap |
Business Combination Provisional Information Initial Accounting Incomplete Adjustment Inventory
BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentInventory
|
0 | usd |
CY2022 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
39166000 | usd |
CY2021 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
17895000 | usd |
CY2022 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
10427000 | usd |
CY2021 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
684000 | usd |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-2571000 | usd |
CY2021 | us-gaap |
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
30422000 | usd |
CY2021 | locl |
Adjustments To Additional Paid In Capital Cash Distribution Reverse Recapitalization Transaction
AdjustmentsToAdditionalPaidInCapitalCashDistributionReverseRecapitalizationTransaction
|
27320000 | usd |
CY2021 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
32241000 | usd |
CY2021 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
17895000 | usd |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-56093000 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
101683000 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
|
50948000 | usd |
CY2022 | locl |
Stock Issued During Period Value Debt Modification
StockIssuedDuringPeriodValueDebtModification
|
17416000 | usd |
CY2022 | locl |
Pipe Financing Issuance Costs
PIPEFinancingIssuanceCosts
|
553287000 | usd |
CY2022 | locl |
Issuance Of Common Stock Shares For Pipe Financing Net Of Issuance Costs
IssuanceOfCommonStockSharesForPIPEFinancingNetOfIssuanceCosts
|
9320000 | shares |
CY2022 | locl |
Issuance Of Common Stock Value For Pipe Financing Net Of Issuance Costs
IssuanceOfCommonStockValueForPIPEFinancingNetOfIssuanceCosts
|
22747000 | usd |
CY2022 | locl |
Stock Issued During Period Shares Warrants Exercised
StockIssuedDuringPeriodSharesWarrantsExercised
|
10 | shares |
CY2022 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
39610000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
121333000 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-111071000 | usd |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-56093000 | usd |
CY2022 | us-gaap |
Depreciation
Depreciation
|
5400000 | usd |
CY2021 | us-gaap |
Depreciation
Depreciation
|
684000 | usd |
CY2022 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
5027000 | usd |
CY2021 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
0 | usd |
CY2022 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
39166000 | usd |
CY2021 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
17895000 | usd |
CY2022 | us-gaap |
Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
|
114000 | usd |
CY2021 | us-gaap |
Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
|
19000 | usd |
CY2022 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
596000 | usd |
CY2021 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
-26000 | usd |
CY2022 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-2568000 | usd |
CY2021 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
0 | usd |
CY2022 | locl |
Fair Value Adjustment Of Convertible Notes
FairValueAdjustmentOfConvertibleNotes
|
0 | usd |
CY2021 | locl |
Fair Value Adjustment Of Convertible Notes
FairValueAdjustmentOfConvertibleNotes
|
5067000 | usd |
CY2022 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
0 | usd |
CY2021 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
10000 | usd |
CY2022 | locl |
Gain Loss On Convertible Notes
GainLossOnConvertibleNotes
|
0 | usd |
CY2021 | locl |
Gain Loss On Convertible Notes
GainLossOnConvertibleNotes
|
240000 | usd |
CY2022 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-735000 | usd |
CY2021 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-939000 | usd |
CY2022 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
2988000 | usd |
CY2021 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
782000 | usd |
CY2022 | us-gaap |
Paid In Kind Interest
PaidInKindInterest
|
0 | usd |
CY2021 | us-gaap |
Paid In Kind Interest
PaidInKindInterest
|
1364000 | usd |
CY2022 | us-gaap |
Financing Interest Expense
FinancingInterestExpense
|
231000 | usd |
CY2021 | us-gaap |
Financing Interest Expense
FinancingInterestExpense
|
0 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
643000 | usd |
CY2021 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-193000 | usd |
CY2022 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
88000 | usd |
CY2021 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
652000 | usd |
CY2022 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-1397000 | usd |
CY2021 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
3384000 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
-2328000 | usd |
CY2021 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
966000 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
2116000 | usd |
CY2021 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
1737000 | usd |
CY2022 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
151000 | usd |
CY2021 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
10000 | usd |
CY2022 | locl |
Increase Decrease In Warrant Liabilities
IncreaseDecreaseInWarrantLiabilities
|
0 | usd |
CY2021 | locl |
Increase Decrease In Warrant Liabilities
IncreaseDecreaseInWarrantLiabilities
|
-1425000 | usd |
CY2022 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
177000 | usd |
CY2021 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
13978000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-48808000 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-20108000 | usd |
CY2022 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
56020000 | usd |
CY2021 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
29666000 | usd |
CY2022 | us-gaap |
Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
|
25813000 | usd |
CY2021 | us-gaap |
Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
|
0 | usd |
CY2022 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
90552000 | usd |
CY2021 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
0 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-172385000 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-29666000 | usd |
CY2021 | us-gaap |
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
30422000 | usd |
CY2022 | locl |
Proceeds From Recapitalization Net Of Issuance Costs
ProceedsFromRecapitalizationNetOfIssuanceCosts
|
0 | usd |
CY2021 | locl |
Proceeds From Recapitalization Net Of Issuance Costs
ProceedsFromRecapitalizationNetOfIssuanceCosts
|
137532000 | usd |
CY2022 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
0 | usd |
CY2021 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
26000000 | usd |
CY2022 | locl |
Proceeds From Financing Obligations
ProceedsFromFinancingObligations
|
0 | usd |
CY2021 | locl |
Proceeds From Financing Obligations
ProceedsFromFinancingObligations
|
3854000 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
23300000 | usd |
CY2021 | us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
0 | usd |
CY2022 | locl |
Payments Of Other Financing Costs
PaymentsOfOtherFinancingCosts
|
553000 | usd |
CY2021 | locl |
Payments Of Other Financing Costs
PaymentsOfOtherFinancingCosts
|
0 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
124649000 | usd |
CY2021 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
26793000 | usd |
CY2022 | locl |
Cash Distribution Recapitalization Transaction
CashDistributionRecapitalizationTransaction
|
0 | usd |
CY2021 | locl |
Cash Distribution Recapitalization Transaction
CashDistributionRecapitalizationTransaction
|
27320000 | usd |
CY2022 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
2342000 | usd |
CY2021 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
5399000 | usd |
CY2022 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
0 | usd |
CY2022Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
100000 | usd |
CY2021Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
0 | usd |
CY2021 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
638000 | usd |
CY2021 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
10654000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
145054000 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
150806000 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-76139000 | usd |
CY2021 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
101032000 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
101077000 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
45000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
24938000 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
101077000 | usd |
CY2022Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
13666000 | usd |
CY2021Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
96661000 | usd |
CY2022Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
11272000 | usd |
CY2021Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
4416000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
24938000 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
101077000 | usd |
CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
10743000 | usd |
CY2021 | us-gaap |
Interest Paid Net
InterestPaidNet
|
2981000 | usd |
CY2022 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
388000 | usd |
CY2021 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
0 | usd |
CY2022 | locl |
Reduction Of Right Of Use Asset Due To Lease Cancellation
ReductionOfRightOfUseAssetDueToLeaseCancellation
|
203000 | usd |
CY2021 | locl |
Reduction Of Right Of Use Asset Due To Lease Cancellation
ReductionOfRightOfUseAssetDueToLeaseCancellation
|
0 | usd |
CY2022 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
825000 | usd |
CY2021 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
12441000 | usd |
CY2022 | locl |
Stock Based Compensation Capitalized To Property And Equipment Net
StockBasedCompensationCapitalizedToPropertyAndEquipmentNet
|
444000 | usd |
CY2021 | locl |
Stock Based Compensation Capitalized To Property And Equipment Net
StockBasedCompensationCapitalizedToPropertyAndEquipmentNet
|
0 | usd |
CY2022 | locl |
Property And Equipment Obtained In Exchange For Financing Obligation
PropertyAndEquipmentObtainedInExchangeForFinancingObligation
|
840000 | usd |
CY2021 | locl |
Property And Equipment Obtained In Exchange For Financing Obligation
PropertyAndEquipmentObtainedInExchangeForFinancingObligation
|
0 | usd |
CY2022 | locl |
Stock Issued During Period Value Debt Modification
StockIssuedDuringPeriodValueDebtModification
|
17416000 | usd |
CY2021 | locl |
Stock Issued During Period Value Debt Modification
StockIssuedDuringPeriodValueDebtModification
|
0 | usd |
CY2022 | us-gaap |
Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
|
50948000 | usd |
CY2021 | us-gaap |
Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
|
0 | usd |
CY2022 | locl |
Noncash Proceeds From Issuance Of Convertible Notes
NoncashProceedsFromIssuanceOfConvertibleNotes
|
0 | usd |
CY2021 | locl |
Noncash Proceeds From Issuance Of Convertible Notes
NoncashProceedsFromIssuanceOfConvertibleNotes
|
50000 | usd |
CY2022 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">Use of Estimates</span></div><div style="text-align:justify"><span><br/></span></div><div style="margin-top:6pt;text-align:justify;text-indent:36pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">The preparation of the Consolidated Financial Statements in accordance with GAAP requires management to make estimates and assumptions that affect the amounts reported in the Consolidated Financial Statements and accompanying Notes. On an ongoing basis, the Company evaluates its estimates, including those related to the valuation of instruments issued for stock-based compensation, inventory valuation reserve, valuation of acquired intangibles and goodwill in business combinations, and income taxes, among others. The Company bases these estimates on historical experience and on various other assumptions that it believes are reasonable under the circumstances, the results of which form the basis for making judgments about the carrying amounts of assets and liabilities that are not readily apparent from other sources. Actual results may differ materially from these estimates.</span></div> | |
CY2022Q4 | locl |
Debt Service Reserve Account Balance
DebtServiceReserveAccountBalance
|
11300000 | usd |
CY2021Q4 | locl |
Recapitalization Exchange Ratio
RecapitalizationExchangeRatio
|
4.969669 | |
CY2021Q4 | us-gaap |
Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
|
15000000 | shares |
CY2022 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
1200000 | usd |
CY2021 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
0 | usd |
CY2022 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
19474000 | usd |
CY2021Q4 | us-gaap |
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
30400000 | usd |
CY2021Q4 | locl |
Professional Fees Reverse Recapitalization Transaction
ProfessionalFeesReverseRecapitalizationTransaction
|
4400000 | usd |
CY2022 | us-gaap |
Advertising Expense
AdvertisingExpense
|
900000 | usd |
CY2021 | us-gaap |
Advertising Expense
AdvertisingExpense
|
700000 | usd |
CY2022 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">Concentrations of Risk and Significant Customers</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></div><div style="margin-top:12pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash and cash equivalents and accounts receivable. The Company maintains its cash and cash equivalents accounts with financial institutions which management believes to be of high-credit quality. The Company is exposed to risk in the event of default by these financial institutions or the issuers of these securities to the extent the balances are in excess of amounts that are insured by the Federal Deposit Insurance Corporation.</span></div><div style="margin-top:12pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">The Company's receivables are derived from revenue earned primarily from customers located in the United States. The Company provides credit to its customers in the normal course of business and requires no collateral to secure accounts receivable. The Company maintains an allowance for doubtful accounts related to estimated credit losses.</span></div><div style="margin-top:12pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Significant customers are those customers who represent 10% or more of total revenue during the year or 10% or more of net accounts receivable at the balance sheet date. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">At December 31, 2022, there were two significant customers that accounted for approximately 28% of the Company's accounts receivable. For the year ended December 31, 2022, two individual customers represented more than 10% of total revenue. In aggregate, these two customers represented approximately 27% of the Company's revenue. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">At December 31, 2021, there were four significant customers that accounted for approximately 81% of the Company's accounts receivable. For the year ended December 31, 2021, four individual customers represented more </span></div>than 10% of total revenue. In aggregate, these four customers represented approximately 82% of the Company's revenue. | |
CY2021Q4 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
10.00 | |
CY2021Q4 | us-gaap |
Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
|
150000000 | usd |
CY2021Q4 | locl |
Proceeds From Reverse Recapitalization Transaction
ProceedsFromReverseRecapitalizationTransaction
|
150000000 | usd |
CY2021Q4 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
10.00 | |
CY2022Q4 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
5000000 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
52300000 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
5027000 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
47273000 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
5920000 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
3570000 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
3570000 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
3570000 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
|
3570000 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
|
27073000 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
47273000 | usd |
CY2021Q4 | us-gaap |
Stock Issued During Period Shares Acquisitions
StockIssuedDuringPeriodSharesAcquisitions
|
83514977 | shares |
CY2021Q4 | locl |
Transaction Costs Incurred Reverse Recapitalization Transaction
TransactionCostsIncurredReverseRecapitalizationTransaction
|
34800000 | usd |
CY2022Q4 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
2018000 | usd |
CY2021Q4 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
612000 | usd |
CY2022Q4 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
413000 | usd |
CY2021Q4 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
173000 | usd |
CY2022Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
1854000 | usd |
CY2021Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
69000 | usd |
CY2022Q4 | us-gaap |
Other Inventory Materials Supplies And Merchandise Under Consignment
OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment
|
0 | usd |
CY2021Q4 | us-gaap |
Other Inventory Materials Supplies And Merchandise Under Consignment
OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment
|
163000 | usd |
CY2022Q4 | us-gaap |
Inventory Adjustments
InventoryAdjustments
|
691000 | usd |
CY2021Q4 | us-gaap |
Inventory Adjustments
InventoryAdjustments
|
95000 | usd |
CY2022Q4 | us-gaap |
Inventory Net
InventoryNet
|
3594000 | usd |
CY2021Q4 | us-gaap |
Inventory Net
InventoryNet
|
922000 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
|
6371000 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
|
971000 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
|
157844000 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
|
37350000 | usd |
CY2022 | us-gaap |
Depreciation
Depreciation
|
5400000 | usd |
CY2021 | us-gaap |
Depreciation
Depreciation
|
700000 | usd |
CY2022Q4 | locl |
Accrued Interest Current
AccruedInterestCurrent
|
4372000 | usd |
CY2021Q4 | locl |
Accrued Interest Current
AccruedInterestCurrent
|
0 | usd |
CY2022Q4 | locl |
Accrued Construction Expenses Current
AccruedConstructionExpensesCurrent
|
825000 | usd |
CY2021Q4 | locl |
Accrued Construction Expenses Current
AccruedConstructionExpensesCurrent
|
11192000 | usd |
CY2022Q4 | us-gaap |
Accrued Insurance Current
AccruedInsuranceCurrent
|
21000 | usd |
CY2021Q4 | us-gaap |
Accrued Insurance Current
AccruedInsuranceCurrent
|
2582000 | usd |
CY2022Q4 | us-gaap |
Accrued Salaries Current
AccruedSalariesCurrent
|
1470000 | usd |
CY2021Q4 | us-gaap |
Accrued Salaries Current
AccruedSalariesCurrent
|
792000 | usd |
CY2022Q4 | locl |
Accrued Agriculture Expenses Current
AccruedAgricultureExpensesCurrent
|
1438000 | usd |
CY2021Q4 | locl |
Accrued Agriculture Expenses Current
AccruedAgricultureExpensesCurrent
|
461000 | usd |
CY2022Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
894000 | usd |
CY2021Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
273000 | usd |
CY2022Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
406000 | usd |
CY2021Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
720000 | usd |
CY2022Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
9426000 | usd |
CY2021Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
16020000 | usd |
CY2022Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
119814000 | usd |
CY2021Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
11199000 | usd |
CY2022Q4 | locl |
Debt Service Reserve Account Balance
DebtServiceReserveAccountBalance
|
11300000 | usd |
CY2021Q4 | locl |
Debt Service Reserve Account Balance
DebtServiceReserveAccountBalance
|
4400000 | usd |
CY2022 | locl |
Amortization Of Financing Obligation Assets
AmortizationOfFinancingObligationAssets
|
599000 | usd |
CY2021 | locl |
Amortization Of Financing Obligation Assets
AmortizationOfFinancingObligationAssets
|
433000 | usd |
CY2022 | locl |
Finance Obligation Interest
FinanceObligationInterest
|
1693000 | usd |
CY2021 | locl |
Finance Obligation Interest
FinanceObligationInterest
|
1076000 | usd |
CY2022Q4 | locl |
Financing Obligation To Be Paid Year One
FinancingObligationToBePaidYearOne
|
1537000 | usd |
CY2022Q4 | locl |
Financing Obligation To Be Paid Year Two
FinancingObligationToBePaidYearTwo
|
1591000 | usd |
CY2022Q4 | locl |
Financing Obligation To Be Paid Year Three
FinancingObligationToBePaidYearThree
|
1623000 | usd |
CY2022Q4 | locl |
Financing Obligation To Be Paid Year Four
FinancingObligationToBePaidYearFour
|
1655000 | usd |
CY2022Q4 | locl |
Financing Obligation To Be Paid Year Five
FinancingObligationToBePaidYearFive
|
1688000 | usd |
CY2022Q4 | locl |
Financing Obligation To Be Paid After Year Five
FinancingObligationToBePaidAfterYearFive
|
24908000 | usd |
CY2022Q4 | locl |
Financing Obligation Payments Due
FinancingObligationPaymentsDue
|
33002000 | usd |
CY2022Q4 | locl |
Financing Obligation Interest
FinancingObligationInterest
|
30718000 | usd |
CY2022Q4 | locl |
Financing Obligation And Asset Net
FinancingObligationAndAssetNet
|
11855000 | usd |
CY2022Q4 | locl |
Financing Obligation
FinancingObligation
|
14139000 | usd |
CY2022 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
137000 | usd |
CY2021 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
7000 | usd |
CY2022 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
447000 | usd |
CY2021 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
322000 | usd |
CY2022 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
4000 | usd |
CY2021 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
3000 | usd |
CY2022 | us-gaap |
Lease Cost
LeaseCost
|
588000 | usd |
CY2021 | us-gaap |
Lease Cost
LeaseCost
|
332000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P3Y7M6D | |
CY2022Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.096 | |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
94000 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
84000 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
64000 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
35000 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
26000 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
303000 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
32000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
271000 | usd |
CY2021Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
400000000 | shares |
CY2021Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2021Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
100000000 | shares |
CY2021Q4 | us-gaap |
Preferred Stock No Par Value
PreferredStockNoParValue
|
0.0001 | |
CY2022Q4 | locl |
Common Stock Vote Per Share
CommonStockVotePerShare
|
1 | vote |
CY2021Q4 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
10833333 | shares |
CY2021Q4 | us-gaap |
Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
|
1 | shares |
CY2021Q4 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
11.50 | |
CY2021Q4 | locl |
Class Of Warrant Or Right Exercise Term Period After Closing
ClassOfWarrantOrRightExerciseTermPeriodAfterClosing
|
P30D | |
CY2022Q4 | locl |
Class Of Warrant Or Right Redemption Price Of Warrants Or Rights
ClassOfWarrantOrRightRedemptionPriceOfWarrantsOrRights
|
0.01 | |
CY2021Q4 | locl |
Class Of Warrant Or Right Prior Written Notice Of Redemption Period
ClassOfWarrantOrRightPriorWrittenNoticeOfRedemptionPeriod
|
P30D | |
CY2022Q4 | us-gaap |
Share Price
SharePrice
|
18.00 | |
CY2021Q4 | locl |
Class Of Warrant Or Right Redemption Threshold Consecutive Trading Days
ClassOfWarrantOrRightRedemptionThresholdConsecutiveTradingDays
|
20 | day |
CY2021Q4 | locl |
Class Of Warrant Or Right Redemption Threshold Trading Period
ClassOfWarrantOrRightRedemptionThresholdTradingPeriod
|
30 | day |
CY2021Q4 | locl |
Class Of Warrant Or Right Redemption Period Before Redemption Notice Sent
ClassOfWarrantOrRightRedemptionPeriodBeforeRedemptionNoticeSent
|
3 | day |
CY2022Q4 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
10833296 | shares |
CY2022Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2022Q4 | us-gaap |
Share Price
SharePrice
|
2.50 | |
CY2021Q4 | locl |
Net Deferred Tax Assets Before Valuation Allowance
NetDeferredTaxAssetsBeforeValuationAllowance
|
11104000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
31487000 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
11104000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
0 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
0 | usd |
CY2022 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
20400000 | usd |
CY2021 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
8300000 | usd |
CY2022 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
CY2022 | us-gaap |
Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
|
212600000 | usd |
CY2021 | us-gaap |
Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
|
41800000 | usd |
CY2022 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
0 | usd |
CY2021 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
0 | usd |
CY2022 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
0 | usd |
CY2021 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
0 | usd |
CY2022 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
0 | usd |
CY2021 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
0 | usd |
CY2022 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
14434000 | usd |
CY2021 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
6129000 | usd |
CY2022 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
5948000 | usd |
CY2021 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
2163000 | usd |
CY2022 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
20382000 | usd |
CY2021 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
8292000 | usd |
CY2022 | locl |
Deferred Income Tax Expense Benefit Valuation Allowance
DeferredIncomeTaxExpenseBenefitValuationAllowance
|
20382000 | usd |
CY2021 | locl |
Deferred Income Tax Expense Benefit Valuation Allowance
DeferredIncomeTaxExpenseBenefitValuationAllowance
|
8292000 | usd |
CY2022 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
CY2021Q4 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
5383000 | usd |
CY2022Q4 | locl |
Net Deferred Tax Assets Before Valuation Allowance
NetDeferredTaxAssetsBeforeValuationAllowance
|
31487000 | usd |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.210 | |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.210 | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.042 | |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.033 | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
|
-0.053 | |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
|
-0.062 | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
|
-0.016 | |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
|
0 | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
|
-0.001 | |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
|
0 | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.184 | |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.163 | |
CY2022 | locl |
Effective Income Tax Rate Reconciliation Warrant Revaluation Percent
EffectiveIncomeTaxRateReconciliationWarrantRevaluationPercent
|
0 | |
CY2021 | locl |
Effective Income Tax Rate Reconciliation Warrant Revaluation Percent
EffectiveIncomeTaxRateReconciliationWarrantRevaluationPercent
|
-0.018 | |
CY2022 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0 | |
CY2021 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0 | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
27953000 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
11619000 | usd |
CY2022Q4 | locl |
Deferred Tax Assets Lease Liability
DeferredTaxAssetsLeaseLiability
|
3317000 | usd |
CY2021Q4 | locl |
Deferred Tax Assets Lease Liability
DeferredTaxAssetsLeaseLiability
|
3661000 | usd |
CY2022Q4 | locl |
Deferred Tax Assets Acquired Intangibles
DeferredTaxAssetsAcquiredIntangibles
|
1082000 | usd |
CY2021Q4 | locl |
Deferred Tax Assets Acquired Intangibles
DeferredTaxAssetsAcquiredIntangibles
|
0 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
|
1418000 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
|
0 | usd |
CY2022Q4 | locl |
Deferred Tax Assets Capitalized Research Expenditures
DeferredTaxAssetsCapitalizedResearchExpenditures
|
2210000 | usd |
CY2021Q4 | locl |
Deferred Tax Assets Capitalized Research Expenditures
DeferredTaxAssetsCapitalizedResearchExpenditures
|
0 | usd |
CY2022Q4 | locl |
Deferred Tax Assets Capitalized Transaction Costs
DeferredTaxAssetsCapitalizedTransactionCosts
|
0 | usd |
CY2021Q4 | locl |
Deferred Tax Assets Capitalized Transaction Costs
DeferredTaxAssetsCapitalizedTransactionCosts
|
1207000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
35980000 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
16487000 | usd |
CY2022Q4 | locl |
Deferred Tax Liabilities Franchise Tax
DeferredTaxLiabilitiesFranchiseTax
|
0 | usd |
CY2021Q4 | locl |
Deferred Tax Liabilities Franchise Tax
DeferredTaxLiabilitiesFranchiseTax
|
598000 | usd |
CY2022Q4 | locl |
Deferred Tax Liabilities Right Of Use Asset
DeferredTaxLiabilitiesRightOfUseAsset
|
2749000 | usd |
CY2021Q4 | locl |
Deferred Tax Liabilities Right Of Use Asset
DeferredTaxLiabilitiesRightOfUseAsset
|
3071000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
|
1744000 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
|
1714000 | usd |
CY2022Q4 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
4493000 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-111071000 | usd |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-56093000 | usd |
CY2022 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
87114635 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
87114635 | shares |
CY2021 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
52888268 | shares |
CY2021 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
52888268 | shares |
CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.27 | |
CY2022 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.27 | |
CY2021 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.06 | |
CY2021 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.06 | |
CY2022Q4 | us-gaap |
Purchase Obligation
PurchaseObligation
|
2400000 | usd |
CY2022 | us-gaap |
Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
|
400000 | usd |
CY2021 | us-gaap |
Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
|
200000 | usd |