$LOCL
Local Bounti Corporation/DE Stock $locl

$locl Overview Financials Valuation SEC Filings Company Website

2024 Q1 Form 10-K Financial Statement

#000184078024000009 Filed on March 28, 2024

Income Statement

Concept	2024 Q1	2023 Q4	2023
Revenue	$8.383M	$6.866M	$27.56M
YoY Change	25.16%	3.43%	41.51%
Cost Of Revenue	$7.597M	$6.186M	$25.34M
YoY Change	18.35%	8.07%	46.83%
Gross Profit	$786.0K	$680.0K	$2.216M
YoY Change	181.72%	-25.6%	0.05%
Gross Profit Margin	9.38%	9.9%	8.04%
Selling, General & Admin	$7.598M	$16.12M	$57.45M
YoY Change	-52.46%	0.61%	-30.52%
% of Gross Profit	966.67%	2370.15%	2592.28%
Research & Development	$3.487M	$3.232M	$13.58M
YoY Change	-2.49%	-29.46%	-3.4%
% of Gross Profit	443.64%	475.29%	612.86%
Depreciation & Amortization	$3.228M	$2.952M	$13.13M
YoY Change	-6.65%	-17.95%	25.94%
% of Gross Profit	410.69%	434.12%	592.6%
Operating Expenses	$11.09M	$21.45M	$80.65M
YoY Change	-43.32%	-7.2%	-16.64%
Operating Profit	-$10.30M	-$20.77M	-$78.43M
YoY Change	-46.58%	-6.45%	-17.03%
Interest Expense	-$9.608M	-$7.869M	-$25.75M
YoY Change	123.49%	75.96%	53.85%
% of Operating Profit
Other Income/Expense, Net	$37.00K	$1.567M	$18.64M
YoY Change	-26.0%	1584.95%	9762.43%
Pretax Income	-$24.05M	-$65.55M	-$124.0M
YoY Change	2.22%	147.08%	11.65%
Income Tax			$0.00
% Of Pretax Income
Net Earnings	-$24.05M	-$65.55M	-$124.0M
YoY Change	2.22%	147.08%	11.65%
Net Earnings / Revenue	-286.89%	-954.76%	-450.03%
Basic Earnings Per Share	-$2.89		-$15.61
Diluted Earnings Per Share	-$2.89	-$8.10	-$15.61
COMMON SHARES
Basic Shares Outstanding	8.438M shares	8.272M shares	7.944M shares
Diluted Shares Outstanding	8.326M shares		7.944M shares

Balance Sheet

Concept	2024 Q1	2023 Q4	2023
SHORT-TERM ASSETS
Cash & Short-Term Investments	$8.242M	$10.33M	$10.33M
YoY Change	10.36%	-24.44%	-24.44%
Cash & Equivalents	$8.242M	$10.33M	$10.33M
Short-Term Investments
Other Short-Term Assets	$9.109M	$9.374M	$9.374M
YoY Change	163.34%	-33.77%	-33.77%
Inventory	$4.960M	$4.210M	$4.210M
Prepaid Expenses
Receivables	$3.360M	$3.078M	$3.078M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$25.67M	$26.99M	$26.99M
YoY Change	47.66%	-20.87%	-20.87%
LONG-TERM ASSETS
Property, Plant & Equipment	$344.3M	$313.3M	$313.3M
YoY Change	74.63%	98.34%	98.34%
Goodwill		$0.00
YoY Change		-100.0%
Intangibles	$40.46M	$41.35M
YoY Change	-11.26%	-12.52%
Long-Term Investments
YoY Change
Other Assets	$3.008M	$73.00K	$73.00K
YoY Change	12433.33%	-91.9%	-91.9%
Total Long-Term Assets	$387.7M	$354.8M	$354.8M
YoY Change	37.86%	45.02%	45.02%
TOTAL ASSETS
Total Short-Term Assets	$25.67M	$26.99M	$26.99M
Total Long-Term Assets	$387.7M	$354.8M	$354.8M
Total Assets	$413.4M	$381.8M	$381.8M
YoY Change	38.43%	36.96%	36.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$12.78M	$14.64M	$14.64M
YoY Change	-41.52%	6.42%	6.42%
Accrued Expenses	$19.31M	$17.30M	$17.30M
YoY Change	91.97%	83.55%	81.92%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$25.00K	$0.00
YoY Change
Total Short-Term Liabilities	$32.19M	$31.94M	$31.94M
YoY Change	0.63%	37.28%	37.28%
LONG-TERM LIABILITIES
Long-Term Debt	$329.8M	$327.2M	$327.2M
YoY Change	169.39%	173.1%	144.27%
Other Long-Term Liabilities	$11.49M	$7.328M	$7.328M
YoY Change	-55.58%	3818.72%	3818.72%
Total Long-Term Liabilities	$329.8M	$334.5M	$334.5M
YoY Change	169.39%	179.21%	149.39%
TOTAL LIABILITIES
Total Short-Term Liabilities	$32.19M	$31.94M	$31.94M
Total Long-Term Liabilities	$329.8M	$334.5M	$334.5M
Total Liabilities	$422.9M	$366.5M	$366.5M
YoY Change	117.45%	132.82%	132.82%
SHAREHOLDERS EQUITY
Retained Earnings	-$327.4M	-$303.3M
YoY Change	61.41%	69.16%
Common Stock	$1.000K	$1.000K
YoY Change	-90.0%	-90.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$9.447M	$15.27M	$15.27M
YoY Change
Total Liabilities & Shareholders Equity	$413.4M	$381.8M	$381.8M
YoY Change	38.43%	36.96%	36.96%

Cashflow Statement

Concept	2024 Q1	2023 Q4	2023
OPERATING ACTIVITIES
Net Income	-$24.05M	-$65.55M	-$124.0M
YoY Change	2.22%	147.08%	11.65%
Depreciation, Depletion And Amortization	$3.228M	$2.952M	$13.13M
YoY Change	-6.65%	-17.95%	25.94%
Cash From Operating Activities	-$7.083M	-$7.167M	-$33.16M
YoY Change	-9.54%	-38.2%	-32.07%
INVESTING ACTIVITIES
Capital Expenditures	$34.99M	$45.02M	$162.3M
YoY Change	7.04%	197.06%	189.66%
Acquisitions			$0.00
YoY Change			-100.0%
Other Investing Activities		$0.00	$0.00
YoY Change			-100.0%
Cash From Investing Activities	-$34.99M	-$45.02M	-$162.3M
YoY Change	7.04%	197.06%	-5.87%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	$39.90M	50.75M	187.4M
YoY Change	73.16%	83.13%	29.18%
NET CHANGE
Cash From Operating Activities	-$7.083M	-7.167M	-33.16M
Cash From Investing Activities	-$34.99M	-45.02M	-162.3M
Cash From Financing Activities	$39.90M	50.75M	187.4M
Net Change In Cash	-$2.164M	-1.443M	-8.043M
YoY Change	-87.61%	-250.78%	-89.44%
FREE CASH FLOW
Cash From Operating Activities	-$7.083M	-$7.167M	-$33.16M
Capital Expenditures	$34.99M	$45.02M	$162.3M
Free Cash Flow	-$42.07M	-$52.19M	-$195.4M
YoY Change	3.83%	95.07%	86.42%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023	dei	Document Annual Report DocumentAnnualReport	true
CY2023	dei	Document Period End Date DocumentPeriodEndDate	2023-12-31
CY2023	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2023	dei	Document Transition Report DocumentTransitionReport	false
CY2023	dei	Entity File Number EntityFileNumber	001-40125
CY2023	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
CY2023	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	98-1584830
CY2023	dei	Entity Address Address Line1 EntityAddressAddressLine1	400 W. Main St.
CY2023	dei	Entity Address City Or Town EntityAddressCityOrTown	Hamilton
CY2023	dei	Entity Address State Or Province EntityAddressStateOrProvince	MT
CY2023	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	59840
CY2023	dei	City Area Code CityAreaCode	(800)
CY2023	dei	Local Phone Number LocalPhoneNumber	640-4016
CY2022Q4	us-gaap	Liabilities Liabilities	157407000	usd
CY2022Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2022Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2023Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	400000000	shares
CY2022Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	7976980	shares
CY2022Q4	us-gaap	Common Stock Value CommonStockValue	1000	usd
CY2022Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	300645000	usd
CY2022Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-179313000	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	121333000	usd
CY2022Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	278740000	usd
CY2023	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	25341000	usd
CY2023	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	64559000	usd
CY2022	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	82682000	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	-111071000	usd
CY2023	us-gaap	Gross Profit GrossProfit	2216000	usd
CY2022	us-gaap	Gross Profit GrossProfit	2215000	usd
CY2023	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	16086000	usd
CY2022	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	14059000	usd
CY2022Q4	us-gaap	Inventory Adjustments InventoryAdjustments	691000	usd
CY2022Q4	us-gaap	Inventory Work In Process InventoryWorkInProcess	2213000	usd
CY2022Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	54000	usd
CY2023	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2023	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2023	dei	Entity Small Business EntitySmallBusiness	true
CY2023	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	true
CY2023	dei	Entity Ex Transition Period EntityExTransitionPeriod	false
CY2023	dei	Entity Registrant Name EntityRegistrantName	Local Bounti Corporation/DE
CY2023	dei	Amendment Flag AmendmentFlag	false
CY2023	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
CY2023	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2023	dei	Entity Central Index Key EntityCentralIndexKey	0001840780
CY2023	us-gaap	Fair Value Recurring Basis Unobservable Input Reconciliation Liability Gain Loss Statement Of Income Extensible List FairValueRecurringBasisUnobservableInputReconciliationLiabilityGainLossStatementOfIncomeExtensibleList	http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense
CY2023Q2	us-gaap	Stockholders Equity Note Stock Split Conversion Ratio1 StockholdersEquityNoteStockSplitConversionRatio1	0.0769
CY2023Q2	us-gaap	Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight	0.0769	shares
CY2023Q2	us-gaap	Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight	0.0769	shares
CY2023	dei	Security12b Title Security12bTitle	Common Stock, par value of $0.0001 per share
CY2023	dei	Trading Symbol TradingSymbol	LOCL
CY2023	dei	Security Exchange Name SecurityExchangeName	NYSE
CY2023	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2023	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2023	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2023	dei	Icfr Auditor Attestation Flag IcfrAuditorAttestationFlag	false
CY2023	dei	Document Fin Stmt Error Correction Flag DocumentFinStmtErrorCorrectionFlag	false
CY2023	dei	Entity Shell Company EntityShellCompany	false
CY2023Q2	dei	Entity Public Float EntityPublicFloat	14400000	usd
CY2024Q1	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	8437542	shares
CY2023	dei	Auditor Firm AuditorFirmId	100
CY2023	dei	Auditor Name AuditorName	WithumSmith+Brown, PC
CY2023	dei	Auditor Location AuditorLocation	Whippany, New Jersey
CY2023Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	10326000	usd
CY2022Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	13666000	usd
CY2023Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	6569000	usd
CY2022Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	11272000	usd
CY2023Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	3078000	usd
CY2022Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	2691000	usd
CY2023Q4	us-gaap	Inventory Net InventoryNet	4210000	usd
CY2022Q4	us-gaap	Inventory Net InventoryNet	3594000	usd
CY2023Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	2805000	usd
CY2022Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	2881000	usd
CY2023Q4	us-gaap	Assets Current AssetsCurrent	26988000	usd
CY2022Q4	us-gaap	Assets Current AssetsCurrent	34104000	usd
CY2023Q4	us-gaap	Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization	313166000	usd
CY2022Q4	us-gaap	Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization	157844000	usd
CY2023Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	172000	usd
CY2022Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	137000	usd
CY2023Q4	us-gaap	Goodwill Goodwill	0	usd
CY2022Q4	us-gaap	Goodwill Goodwill	38481000	usd
CY2023Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	41353000	usd
CY2022Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	47273000	usd
CY2023Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	73000	usd
CY2022Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	901000	usd
CY2023Q4	us-gaap	Assets Assets	381752000	usd
CY2022Q4	us-gaap	Assets Assets	278740000	usd
CY2023Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	14640000	usd
CY2022Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	13757000	usd
CY2023Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	17204000	usd
CY2022Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	9426000	usd
CY2023Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	97000	usd
CY2022Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	84000	usd
CY2023Q4	us-gaap	Liabilities Current LiabilitiesCurrent	31941000	usd
CY2022Q4	us-gaap	Liabilities Current LiabilitiesCurrent	23267000	usd
CY2023Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	277985000	usd
CY2022Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	119814000	usd
CY2023Q4	locl	Financing Obligation FinancingObligation	49225000	usd
CY2022Q4	locl	Financing Obligation FinancingObligation	14139000	usd
CY2023Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	114000	usd
CY2022Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	187000	usd
CY2022Q4	locl	Warrant Liability Fair Value WarrantLiabilityFairValue	0	usd
CY2023Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	8311229	shares
CY2023	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	38481000	usd
CY2022	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	0	usd
CY2023	us-gaap	Operating Expenses OperatingExpenses	119126000	usd
CY2022	us-gaap	Operating Expenses OperatingExpenses	96741000	usd
CY2023	us-gaap	Operating Income Loss OperatingIncomeLoss	-116910000	usd
CY2022	us-gaap	Operating Income Loss OperatingIncomeLoss	-94526000	usd
CY2023	us-gaap	Fair Value Adjustment Of Warrants FairValueAdjustmentOfWarrants	-18483000	usd
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CY2022	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-16734000	usd
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CY2022	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	189000	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	-124015000	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	-111071000	usd
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CY2023	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	7943874	shares
CY2023	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	7943874	shares
CY2022	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	6701126	shares
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CY2022	us-gaap	Stock Issued During Period Value Acquisitions StockIssuedDuringPeriodValueAcquisitions	50948000	usd
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CY2022	locl	Pipe Financing Issuance Costs PIPEFinancingIssuanceCosts	553287000	usd
CY2022	locl	Issuance Of Common Stock Value For Pipe Financing Net Of Issuance Costs IssuanceOfCommonStockValueForPIPEFinancingNetOfIssuanceCosts	22746000	usd
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CY2022	us-gaap	Depreciation Depreciation	5400000	usd
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CY2022	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	5027000	usd
CY2023	us-gaap	Share Based Compensation ShareBasedCompensation	16274000	usd
CY2022	us-gaap	Share Based Compensation ShareBasedCompensation	39166000	usd
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CY2023	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	-4709000	usd
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CY2023	us-gaap	Fair Value Adjustment Of Warrants FairValueAdjustmentOfWarrants	-18483000	usd
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CY2022	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-735000	usd
CY2023	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	7283000	usd
CY2022	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	2988000	usd
CY2023	us-gaap	Financing Interest Expense FinancingInterestExpense	313000	usd
CY2022	us-gaap	Financing Interest Expense FinancingInterestExpense	231000	usd
CY2023	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	38481000	usd
CY2022	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	0	usd
CY2023	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	392000	usd
CY2022	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	643000	usd
CY2023	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-776000	usd
CY2022	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-1397000	usd
CY2023	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	48000	usd
CY2022	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	-2328000	usd
CY2023	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-66000	usd
CY2022	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	2116000	usd
CY2023	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	-96000	usd
CY2022	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	151000	usd
CY2023	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	5609000	usd
CY2023	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	678000	usd
CY2022	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	88000	usd
CY2022	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	177000	usd
CY2023	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-33157000	usd
CY2022	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-48808000	usd
CY2023	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	162265000	usd
CY2022	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	56020000	usd
CY2023	us-gaap	Payments To Acquire Other Productive Assets PaymentsToAcquireOtherProductiveAssets	0	usd
CY2022	us-gaap	Payments To Acquire Other Productive Assets PaymentsToAcquireOtherProductiveAssets	25813000	usd
CY2023	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	0	usd
CY2022	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	90552000	usd
CY2023	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-162265000	usd
CY2022	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-172385000	usd
CY2023	locl	Proceeds From Financing Obligations ProceedsFromFinancingObligations	35000000	usd
CY2022	locl	Proceeds From Financing Obligations ProceedsFromFinancingObligations	0	usd
CY2023	us-gaap	Proceeds From Issuance Of Private Placement ProceedsFromIssuanceOfPrivatePlacement	0	usd
CY2022	us-gaap	Proceeds From Issuance Of Private Placement ProceedsFromIssuanceOfPrivatePlacement	23300000	usd
CY2023	locl	Payments Of Other Financing Costs PaymentsOfOtherFinancingCosts	0	usd
CY2022	locl	Payments Of Other Financing Costs PaymentsOfOtherFinancingCosts	553000	usd
CY2023	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	152608000	usd
CY2022	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	124649000	usd
CY2023	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	226000	usd
CY2022	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	2342000	usd
CY2023	locl	Payment Of Fractional Shares Pursuant To Reverse Stock Split PaymentOfFractionalSharesPursuantToReverseStockSplit	3000	usd
CY2022	locl	Payment Of Fractional Shares Pursuant To Reverse Stock Split PaymentOfFractionalSharesPursuantToReverseStockSplit	0	usd
CY2023	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	187379000	usd
CY2022	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	145054000	usd
CY2023	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-8043000	usd
CY2022	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-76139000	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
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	16895000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	24938000	usd
CY2023Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	10326000	usd
CY2022Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	13666000	usd
CY2023Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	6569000	usd
CY2022Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	11272000	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	16895000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	24938000	usd
CY2023	us-gaap	Interest Paid Net InterestPaidNet	4039000	usd
CY2022	us-gaap	Interest Paid Net InterestPaidNet	10743000	usd
CY2023	locl	Warrants Issued In Connection With Debt Modification WarrantsIssuedInConnectionWithDebtModification	25697000	usd
CY2022	locl	Warrants Issued In Connection With Debt Modification WarrantsIssuedInConnectionWithDebtModification	0	usd
CY2023	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	3118000	usd
CY2022	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	825000	usd
CY2023	locl	Non Cash Equity Settlement On Employee Receivable NonCashEquitySettlementOnEmployeeReceivable	176000	usd
CY2022	locl	Non Cash Equity Settlement On Employee Receivable NonCashEquitySettlementOnEmployeeReceivable	17416000	usd
CY2023	locl	Stock Based Compensation Capitalized To Property And Equipment Net StockBasedCompensationCapitalizedToPropertyAndEquipmentNet	1860000	usd
CY2022	locl	Stock Based Compensation Capitalized To Property And Equipment Net StockBasedCompensationCapitalizedToPropertyAndEquipmentNet	444000	usd
CY2023	locl	Noncash Interest Capitalized To Property And Equipment Net NoncashInterestCapitalizedToPropertyAndEquipmentNet	14873000	usd
CY2022	locl	Noncash Interest Capitalized To Property And Equipment Net NoncashInterestCapitalizedToPropertyAndEquipmentNet	1695000	usd
CY2023	us-gaap	Business Combination Consideration Transferred Equity Interests Issued And Issuable BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable	0	usd
CY2022	us-gaap	Business Combination Consideration Transferred Equity Interests Issued And Issuable BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable	50948000	usd
CY2023	locl	Property And Equipment Obtained In Exchange For Financing Obligation PropertyAndEquipmentObtainedInExchangeForFinancingObligation	0	usd
CY2022	locl	Property And Equipment Obtained In Exchange For Financing Obligation PropertyAndEquipmentObtainedInExchangeForFinancingObligation	840000	usd
CY2023	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	0	usd
CY2022	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	388000	usd
CY2023	locl	Reduction Of Right Of Use Asset Due To Lease Cancellation ReductionOfRightOfUseAssetDueToLeaseCancellation	0	usd
CY2022	locl	Reduction Of Right Of Use Asset Due To Lease Cancellation ReductionOfRightOfUseAssetDueToLeaseCancellation	203000	usd
CY2023	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 U.S. 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, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">the March 2023 Cargill Warrant liability,</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> inventory valuation reserve, valuation of acquired intangibles and goodwill in business combinations, impairment analysis for goodwill and other intangible assets, 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>
CY2023Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	100000	usd
CY2022Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	100000	usd
CY2023	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	14900000	usd
CY2022	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	1200000	usd
CY2023	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	38500000	usd
CY2023	us-gaap	Advertising Expense AdvertisingExpense	1100000	usd
CY2022	us-gaap	Advertising Expense AdvertisingExpense	900000	usd
CY2023	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, 2023, there was one significant customer that accounted for approximately 34% of the Company's accounts receivable. For the year ended December 31, 2023, three individual customers represented more than 10% of total revenue. In aggregate, these customers represented approximately 37% 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, 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>
CY2023	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	5900000	usd
CY2022	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	5000000	usd
CY2023Q4	us-gaap	Inventory Raw Materials InventoryRawMaterials	1843000	usd
CY2022Q4	us-gaap	Inventory Raw Materials InventoryRawMaterials	2018000	usd
CY2023Q4	us-gaap	Inventory Work In Process InventoryWorkInProcess	3010000	usd
CY2023Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	110000	usd
CY2023Q4	us-gaap	Inventory Adjustments InventoryAdjustments	753000	usd
CY2023Q4	us-gaap	Inventory Net InventoryNet	4210000	usd
CY2022Q4	us-gaap	Inventory Net InventoryNet	3594000	usd
CY2023Q4	us-gaap	Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization	13334000	usd
CY2022Q4	us-gaap	Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization	6371000	usd
CY2023Q4	us-gaap	Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization	313166000	usd
CY2022Q4	us-gaap	Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization	157844000	usd
CY2023	us-gaap	Depreciation Depreciation	7200000	usd
CY2022	us-gaap	Depreciation Depreciation	5400000	usd
CY2022Q4	us-gaap	Goodwill Goodwill	38481000	usd
CY2023	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	38481000	usd
CY2023Q4	us-gaap	Goodwill Goodwill	0	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	52300000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	10947000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	41353000	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
CY2023Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	3570000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	3570000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	3570000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	3570000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFive	3570000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense After Year Five FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive	23503000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	41353000	usd
CY2023Q4	locl	Accrued Interest Current AccruedInterestCurrent	9786000	usd
CY2022Q4	locl	Accrued Interest Current AccruedInterestCurrent	4372000	usd
CY2023Q4	locl	Accrued Construction Expenses Current AccruedConstructionExpensesCurrent	2995000	usd
CY2022Q4	locl	Accrued Construction Expenses Current AccruedConstructionExpensesCurrent	825000	usd
CY2023Q4	us-gaap	Accrued Salaries Current AccruedSalariesCurrent	2596000	usd
CY2022Q4	us-gaap	Accrued Salaries Current AccruedSalariesCurrent	1470000	usd
CY2023Q4	locl	Accrued Agriculture Expenses Current AccruedAgricultureExpensesCurrent	690000	usd
CY2022Q4	locl	Accrued Agriculture Expenses Current AccruedAgricultureExpensesCurrent	1438000	usd
CY2023Q4	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	411000	usd
CY2022Q4	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	894000	usd
CY2023Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	726000	usd
CY2022Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	427000	usd
CY2023Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	17204000	usd
CY2022Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	9426000	usd
CY2023Q4	us-gaap	Long Term Debt LongTermDebt	277985000	usd
CY2022Q4	us-gaap	Long Term Debt LongTermDebt	119814000	usd
CY2023	locl	Amortization Of Financing Obligation Assets AmortizationOfFinancingObligationAssets	1619000	usd
CY2022	locl	Amortization Of Financing Obligation Assets AmortizationOfFinancingObligationAssets	599000	usd
CY2023	locl	Finance Obligation Interest FinanceObligationInterest	4220000	usd
CY2022	locl	Finance Obligation Interest FinanceObligationInterest	1693000	usd
CY2023	us-gaap	Operating Lease Cost OperatingLeaseCost	102000	usd
CY2022	us-gaap	Operating Lease Cost OperatingLeaseCost	137000	usd
CY2023	us-gaap	Short Term Lease Cost ShortTermLeaseCost	813000	usd
CY2022	us-gaap	Short Term Lease Cost ShortTermLeaseCost	447000	usd
CY2023	us-gaap	Variable Lease Cost VariableLeaseCost	3000	usd
CY2022	us-gaap	Variable Lease Cost VariableLeaseCost	4000	usd
CY2023	us-gaap	Lease Cost LeaseCost	918000	usd
CY2022	us-gaap	Lease Cost LeaseCost	588000	usd
CY2023Q4	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P2Y10M20D
CY2023Q4	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.094
CY2023Q4	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	105000	usd
CY2023Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	64000	usd
CY2023Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	35000	usd
CY2023Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	26000	usd
CY2023Q4	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	230000	usd
CY2023Q4	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	19000	usd
CY2023Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	211000	usd
CY2023	us-gaap	Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance	-0.279
CY2022	us-gaap	Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance	-0.184
CY2023	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0
CY2022	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0
CY2023Q1	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue	25697000	usd
	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings	-18483000	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
CY2023Q4	locl	Common Stock Vote Per Share CommonStockVotePerShare	1	vote
CY2023Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2023Q2	us-gaap	Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights	81139179	shares
CY2023Q4	us-gaap	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	1000000	usd
CY2023Q4	us-gaap	Stock Repurchase Program Remaining Authorized Repurchase Amount1 StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1	1000000	usd
CY2023Q4	us-gaap	Class Of Warrant Or Right Outstanding ClassOfWarrantOrRightOutstanding	833330	shares
CY2022Q4	us-gaap	Share Price SharePrice	32.50
CY2023	us-gaap	Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent	-0.026
CY2022	us-gaap	Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent	-0.053
CY2023	us-gaap	Effective Income Tax Rate Reconciliation Nondeductible Expense EffectiveIncomeTaxRateReconciliationNondeductibleExpense	0.034
CY2022	us-gaap	Effective Income Tax Rate Reconciliation Nondeductible Expense EffectiveIncomeTaxRateReconciliationNondeductibleExpense	-0.016
CY2023	us-gaap	Effective Income Tax Rate Reconciliation Tax Credits Research EffectiveIncomeTaxRateReconciliationTaxCreditsResearch	0.003
CY2022	us-gaap	Effective Income Tax Rate Reconciliation Tax Credits Research EffectiveIncomeTaxRateReconciliationTaxCreditsResearch	-0.001
CY2022	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	0	usd
CY2023	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	0	usd
CY2023	us-gaap	Current Federal State And Local Tax Expense Benefit CurrentFederalStateAndLocalTaxExpenseBenefit	382900000	usd
CY2022	us-gaap	Current Federal State And Local Tax Expense Benefit CurrentFederalStateAndLocalTaxExpenseBenefit	212600000	usd
CY2023	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	0	usd
CY2022	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	0	usd
CY2023	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	0	usd
CY2022	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	0	usd
CY2023	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	0	usd
CY2022	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	0	usd
CY2023	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	24610000	usd
CY2022	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	14434000	usd
CY2023	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	10032000	usd
CY2022	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	5948000	usd
CY2023	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	34642000	usd
CY2022	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	20382000	usd
CY2023	locl	Deferred Income Tax Expense Benefit Valuation Allowance DeferredIncomeTaxExpenseBenefitValuationAllowance	34642000	usd
CY2022	locl	Deferred Income Tax Expense Benefit Valuation Allowance DeferredIncomeTaxExpenseBenefitValuationAllowance	20382000	usd
CY2023	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	usd
CY2022	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	usd
CY2023	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210
CY2022	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210
CY2023	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.064
CY2022	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.042
CY2023Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	51490000	usd
CY2022Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	27953000	usd
CY2023Q4	locl	Deferred Tax Assets Lease Liability DeferredTaxAssetsLeaseLiability	3846000	usd
CY2022Q4	locl	Deferred Tax Assets Lease Liability DeferredTaxAssetsLeaseLiability	3317000	usd
CY2023Q4	locl	Deferred Tax Assets Acquired Intangibles DeferredTaxAssetsAcquiredIntangibles	11576000	usd
CY2022Q4	locl	Deferred Tax Assets Acquired Intangibles DeferredTaxAssetsAcquiredIntangibles	1082000	usd
CY2023Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Reserves And Accruals DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals	11780000	usd
CY2022Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Reserves And Accruals DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals	1418000	usd
CY2023Q4	locl	Deferred Tax Assets Capitalized Research Expenditures DeferredTaxAssetsCapitalizedResearchExpenditures	4662000	usd
CY2022Q4	locl	Deferred Tax Assets Capitalized Research Expenditures DeferredTaxAssetsCapitalizedResearchExpenditures	2210000	usd
CY2023Q4	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	83354000	usd
CY2022Q4	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	35980000	usd
CY2023Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	66129000	usd
CY2022Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	31487000	usd
CY2023Q4	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	17225000	usd
CY2022Q4	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	4493000	usd
CY2023Q4	locl	Deferred Tax Liabilities Right Of Use Asset DeferredTaxLiabilitiesRightOfUseAsset	3077000	usd
CY2022Q4	locl	Deferred Tax Liabilities Right Of Use Asset DeferredTaxLiabilitiesRightOfUseAsset	2749000	usd
CY2023Q4	us-gaap	Deferred Tax Liabilities Property Plant And Equipment DeferredTaxLiabilitiesPropertyPlantAndEquipment	14148000	usd
CY2022Q4	us-gaap	Deferred Tax Liabilities Property Plant And Equipment DeferredTaxLiabilitiesPropertyPlantAndEquipment	1744000	usd
CY2023Q4	us-gaap	Deferred Income Tax Liabilities DeferredIncomeTaxLiabilities	17225000	usd
CY2022Q4	us-gaap	Deferred Income Tax Liabilities DeferredIncomeTaxLiabilities	4493000	usd
CY2023Q4	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	0	usd
CY2022Q4	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	0	usd
CY2023	us-gaap	Valuation Allowance Deferred Tax Asset Change In Amount ValuationAllowanceDeferredTaxAssetChangeInAmount	34600000	usd
CY2022	us-gaap	Valuation Allowance Deferred Tax Asset Change In Amount ValuationAllowanceDeferredTaxAssetChangeInAmount	20400000	usd
CY2023Q4	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	300000	usd
CY2022Q4	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	100000	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	-124015000	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	-111071000	usd
CY2023	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	7943874	shares
CY2023	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	7943874	shares
CY2022	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	6701126	shares
CY2022	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	6701126	shares
CY2023	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-15.61
CY2023	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-15.61
CY2022	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-16.57
CY2022	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-16.57
CY2023Q4	us-gaap	Purchase Obligation PurchaseObligation	1300000	usd
CY2023	us-gaap	Defined Contribution Plan Employer Discretionary Contribution Amount DefinedContributionPlanEmployerDiscretionaryContributionAmount	600000	usd
CY2022	us-gaap	Defined Contribution Plan Employer Discretionary Contribution Amount DefinedContributionPlanEmployerDiscretionaryContributionAmount	400000	usd
CY2023Q4	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2023Q4	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false
CY2023Q4	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false

Files In Submission

Name	View Source	Status
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0001840780-24-000009-index.html	Edgar Link	pending
0001840780-24-000009.txt	Edgar Link	pending
0001840780-24-000009-xbrl.zip	Edgar Link	pending
exhibit1011-amendedandrest.htm	Edgar Link	pending
exhibit105localbounti-seni.htm	Edgar Link	pending
exhibit106localbounti-subo.htm	Edgar Link	pending
exhibit231-10xk2023withumc.htm	Edgar Link	pending
exhibit311-10xk2023.htm	Edgar Link	pending
exhibit312-10xk2023.htm	Edgar Link	pending
exhibit321-10xk2023.htm	Edgar Link	pending
exhibit322-10xk2023.htm	Edgar Link	pending
exhibit971-compensationrec.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
image_0.jpg	Edgar Link	pending
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MetaLinks.json	Edgar Link	pending
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report.css	Edgar Link	pending
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Local Bounti Corporation/DE Stock $locl

2024 Q1 Form 10-K Financial Statement

#000184078024000009 Filed on March 28, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LOCL Local Bounti Corporation/DE Stock $locl

2024 Q1 Form 10-K Financial Statement

#000184078024000009 Filed on March 28, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LOCL
Local Bounti Corporation/DE Stock $locl