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Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2019	May 03, 2019
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Trading Symbol	FRPT
Entity Registrant Name	FRESHPET, INC.
Entity Central Index Key	0001611647
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		35,876,265

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
CURRENT ASSETS:
Cash and cash equivalents	$ 3,761,283	$ 7,554,388
Accounts receivable, net of allowance for doubtful accounts	15,558,276	12,326,703
Inventories, net	11,109,216	9,317,232
Prepaid expenses	2,400,310	1,078,232
Other current assets	289,321	681,550
Total Current Assets	33,118,406	30,958,105
Property, plant and equipment, net	109,559,987	102,094,248
Deposits on equipment	5,458,953	4,730,176
Operating lease right of use assets	9,366,228
Other assets	2,234,495	2,182,329
Total Assets	159,738,069	139,964,858
CURRENT LIABILITIES:
Accounts payable	11,334,998	9,166,412
Accrued expenses	8,217,565	9,050,551
Current operating lease liabilities	986,072
Borrowings under Credit Facilities	10,000,000	0
Total Current Liabilities	30,538,635	18,216,963
Long term operating lease liabilities	8,677,892
Other liabilities		273,420
Total Liabilities	39,216,527	18,490,383
STOCKHOLDERS' EQUITY:
Common stock — voting, $0.001 par value, 200,000,000 shares authorized, 35,866,322 issued and 35,852,153 outstanding on March 31, 2019, and 35,556,595 issued and 35,542,426 outstanding on December 31, 2018	35,866	35,556
Additional paid-in capital	325,457,147	323,079,437
Accumulated deficit	(204,774,682)	(201,352,682)
Accumulated other comprehensive income	59,437	(31,610)
Treasury stock, at cost — 14,169 shares on March 31, 2019 and December 31, 2018	(256,226)	(256,226)
Total Stockholders' Equity	120,521,542	121,474,475
Total Liabilities and Stockholders' Equity	$ 159,738,069	$ 139,964,858

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Mar. 31, 2019	Dec. 31, 2018
Statement Of Financial Position [Abstract]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	35,866,322	35,556,595
Common stock, shares outstanding	35,852,153	35,542,426
Treasury stock, at cost, shares	14,169	14,169

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Income Statement [Abstract]
NET SALES	$ 54,792,202	$ 43,169,601
COST OF GOODS SOLD	28,877,221	23,041,583
GROSS PROFIT	25,914,981	20,128,018
SELLING, GENERAL, AND ADMINISTRATIVE EXPENSES	29,232,250	23,537,944
LOSS FROM OPERATIONS	(3,317,269)	(3,409,926)
OTHER INCOME/(EXPENSES):
Other Income/(Expenses), net	17,295	(22,977)
Interest Expense	(102,776)	(69,002)
Other Income/(Expenses), Total	(85,481)	(91,979)
LOSS BEFORE INCOME TAXES	(3,402,750)	(3,501,905)
INCOME TAX EXPENSE	19,250	19,032
LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	(3,422,000)	(3,520,937)
OTHER COMPREHENSIVE INCOME (LOSS):
Change in foreign currency translation	91,047	199,554
TOTAL OTHER COMPREHENSIVE INCOME	91,047	199,554
TOTAL COMPREHENSIVE LOSS	$ (3,330,953)	$ (3,321,383)
NET LOSS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS
-BASIC	$ (0.10)	$ (0.10)
-DILUTED	$ (0.10)	$ (0.10)
WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING USED IN COMPUTING NET LOSS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS
-BASIC	35,668,323	35,137,502
-DILUTED	35,668,323	35,137,502

CHANGES TO STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($)	Total	Common Stock - Voting	Additional Paid-in Capital	Accumulated Deficit	Accumulated Other Comprehensive Income	Treasury Stock
BALANCES at Dec. 31, 2017	$ 116,902,978	$ 35,132	$ 312,783,195	$ (195,991,478)	$ 76,129
Shares, Outstanding at Dec. 31, 2017		35,132,548
Exercise of options to purchase common stock	53,862	$ 7	53,855
Exercise of options to purchase common stock, shares		6,696
Share-based compensation expense	1,092,260		1,092,260
Foreign Currency Translation	199,554				199,554
Net loss	(3,520,937)			(3,520,937)
BALANCES at Mar. 31, 2018	114,727,717	$ 35,139	313,929,310	(199,512,415)	275,683
Shares, Outstanding at Mar. 31, 2018		35,139,244
BALANCES at Dec. 31, 2018	121,474,475	$ 35,556	323,079,437	(201,352,682)	(31,610)	$ (256,226)
Shares, Outstanding at Dec. 31, 2018		35,556,595				14,169
Exercise of options to purchase common stock	1,791,668	$ 248	1,791,420
Exercise of options to purchase common stock, shares		248,195
Issuance of restricted stock units, net of tax withholdings	(673,774)	$ 62	(673,836)
Issuance of restricted stock units, net of tax withholdings, shares		61,532
Share-based compensation expense	1,260,126		1,260,126
Foreign Currency Translation	91,047				91,047
Net loss	(3,422,000)			(3,422,000)
BALANCES at Mar. 31, 2019	$ 120,521,542	$ 35,866	$ 325,457,147	$ (204,774,682)	$ 59,437	$ (256,226)
Shares, Outstanding at Mar. 31, 2019		35,866,322				14,169

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (3,422,000)	$ (3,520,937)
Adjustments to reconcile net loss to net cash flows provided by operating activities:
Provision for loss/(gains) on accounts receivable	28,778	5,232
Loss on disposal of equipment	8,028	27,879
Share-based compensation	1,200,336	1,092,260
Inventory obsolescence	10,238	52,723
Depreciation and amortization	3,720,091	3,334,348
Amortization of deferred financing costs and loan discount	28,775	28,775
Changes in operating assets and liabilities
Accounts receivable	(5,010,252)	617,072
Inventories	(1,802,222)	190,775
Prepaid expenses, other non-trade receivables and other current assets	(929,849)	284,943
Operating lease right of use	241,785
Other assets	(36,010)	281,914
Accounts payable	2,555,681	(829,072)
Accrued expenses	(832,986)	(1,784,887)
Other lease liabilities	(217,469)	(7,104)
Net cash flows used in operating activities	(4,457,076)	(226,079)
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisitions of property, plant and equipment, software and deposits on equipment	(10,453,923)	(4,972,701)
Net cash flows used in investing activities	(10,453,923)	(4,972,701)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from exercise of options to purchase common stock	1,791,668	53,862
Tax withholdings related to net shares settlements of restricted stock units	(673,774)
Proceeds from borrowings under Credit Facilities	10,000,000	6,000,000
Net cash flows provided by financing activities	11,117,894	6,053,862
NET CHANGE IN CASH AND CASH EQUIVALENTS	(3,793,105)	855,082
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	7,554,388	2,184,259
CASH AND CASH EQUIVALENTS, END OF PERIOD	3,761,283	3,039,341
SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid	29,717	37,293
NON-CASH FINANCING AND INVESTING ACTIVITIES:
Property, plant and equipment purchases in accounts payable	463,546	$ 1,046,377
Non-cash acquisitions of property, plant and equipment	$ 1,749,901

Nature of the Business and Summary of Significant Accounting Policies

3 Months Ended

Mar. 31, 2019

Accounting Policies [Abstract]

Nature of the Business and Summary of Significant Accounting Policies

Note 1 – Nature of the Business and Summary of Significant Accounting Policies:

Nature of the Business – Freshpet, Inc. (hereafter referred to as “Freshpet” the “Company”, “we” or ”our”), a Delaware corporation, manufactures and markets natural fresh meals and treats for dogs and cats. The Company’s products are distributed throughout the United States and other international markets, into major retail classes including Grocery (including online), Mass and Club, Pet Specialty, and Natural retail.

Basis of Presentation – The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the U.S. (“U.S. GAAP”). The unaudited consolidated financial statements include the accounts of the Company as well as the Company’s wholly-owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. The interim unaudited consolidated financial statements have been prepared on the same basis as the annual audited consolidated financial statements and in accordance with the rules and regulations of the United States Securities and Exchange Commission. In the opinion of management, the interim unaudited financial statements reflect all adjustments, which include only normal recurring adjustments, necessary for the fair statement of the Company’s financial position as of March 31, 2019, the results of its operations and cash flows for the three months ended March 31, 2019 and 2018. The results for the three months ended March 31, 2019 are not necessarily indicative of results to be expected for the year ending December 31, 2019, or any other interim periods, or any future year or period.

These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes in Item 8 of Part II, “Financial Statements and Supplementary Data,” of our Annual Report on Form 10-K for the year ended December 31, 2018.

Estimates and Uncertainties – The preparation of our consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results, as determined at a later date, could differ from those estimates.

Restricted Stock Tax Withholdings – For the three-month period ended March 31, 2019, the Company withheld 18,351 shares, totaling $0.7 million, to meet payroll tax withholdings obligations arising from the vesting of restricted share units. Shares of common stock withheld for tax withholdings do not reduce the Company’s total share repurchase authority.

Recently Issued Accounting Standards

3 Months Ended

Mar. 31, 2019

Accounting Policies [Abstract]

Recently Issued Accounting Standards

Note 2 – Recently Issued Accounting Standards:

In February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2016-02 (Topic 842) "Leases." Topic 842 supersedes the lease requirements in Accounting Standards Codification (ASC) Topic 840, "Leases." Under Topic 842, lessees are required to recognize assets and liabilities on the balance sheet for most leases and provide enhanced disclosures. Leases will continue to be classified as either finance or operating. In July 2018, the FASB issued ASU 2018-11, “Leases (ASC 842): Targeted Improvements,” which provides companies an optional adoption method to ASU 2016-02 whereby a company does not have to adjust comparative period financial statements for the new standard.

The reported results for the three months ended March 31, 2019 reflect the application of ASC 842, while the comparative information has not been restated and continues to be reported under the related lease accounting standards in effect for those periods. The adoption of this update represents a change in accounting principle and resulted in the recognition of right-of-use ("ROU") assets and operating lease liabilities. We elected the package of practical expedients, which permits us not to reassess our prior conclusions about lease identification, lease classification and initial direct costs incurred. We also elected the practical expedient to combine lease and non-lease components when determining the ROU asset and lease liability, as well as the practical expedient to exclude leases with an initial term of 12 months or less. The primary effect of adopting this standard relates to the recognition of our operating leases on our Consolidated Balance Sheets (Unaudited) and providing additional disclosures about our leasing activities.

The Company is a lessee in several noncancellable operating leases, primarily for office and warehouse space, as well as office equipment.

The Company determines if an arrangement is or contains a lease at contract inception. The Company recognizes a ROU asset and a lease liability at the lease commencement date. The operating lease liability is initially and subsequently measured at the present value of the unpaid lease payments at the lease commencement date.

Key estimates and judgments include how the Company determines (1) the discount rate it uses to discount the unpaid lease payments to present value, (2) lease term and (3) lease payments.

•

ASC 842 requires a lessee to discount its unpaid lease payments using the interest rate implicit in the lease or, if that rate cannot be readily determined, its incremental borrowing rate. Generally, the Company cannot determine the interest rate implicit in the lease because it does not have access to the lessor’s estimated residual value or the amount of the lessor’s deferred initial direct costs. Therefore, at the date of adoption, we used our incremental borrowing rate based on the information available at January 1, 2019.

•	The lease term for all of the Company’s leases includes the noncancellable period of the lease plus any additional periods covered by either a Company option to extend (or not to terminate) the lease that the Company is reasonably certain to exercise.

•

Lease payments included in the measurement of the lease liability comprise of fixed payments based on the terms of the lease. Certain arrangements have free rent periods or escalating rent payment provisions. We recognize rent expense on a straight-line basis over the lease term, including any periods of free rent.

ROU assets are initially and subsequently measured at cost, which comprises the initial amount of the lease liability adjusted for lease payments made at or before the lease commencement date, plus any initial direct costs incurred less any lease incentives received.

The ROU asset is subsequently measured throughout the lease term at the carrying amount of the lease liability, plus initial direct costs, plus (minus) any prepaid (accrued) lease payments, less the unamortized balance of lease incentives received. Lease expense for lease payments is recognized on a straight-line basis over the lease term.

ROU assets for operating leases are periodically reviewed for impairment losses. The Company uses the long-lived assets impairment guidance in ASC Subtopic 360-10, Property, Plant, and Equipment – Overall, to determine whether a ROU asset is impaired, and if so, the amount of the impairment loss to recognize.

The Company monitors for events or changes in circumstances that require a reassessment of one of its leases. When a reassessment results in the remeasurement of a lease liability, a corresponding adjustment is made to the carrying amount of the corresponding ROU asset unless doing so would reduce the carrying amount of the ROU asset to an amount less than zero.

Operating lease ROU assets are presented as operating lease right of use assets on the consolidated balance sheet. The current portion of operating lease liabilities and the long-term portion are presented separately as current and long term operating lease liabilities on the consolidated balance sheet.

Inventories

3 Months Ended

Mar. 31, 2019

Inventory Disclosure [Abstract]

Inventories

Note 3 – Inventories:

	March 31,			December 31,
	2019			2018
Raw Materials and Work in Process	$	2,849,747		$	2,784,233
Packaging Components Material		1,075,422			1,138,091
Finished Goods		7,310,660			5,442,338
		11,235,829			9,364,662
Reserve for Obsolete Inventory		(126,613	)		(47,430	)
	$	11,109,216		$	9,317,232

Property, Plant and Equipment

3 Months Ended

Mar. 31, 2019

Property Plant And Equipment [Abstract]

Property, Plant and Equipment

Note 4 – Property, Plant and Equipment:

	March 31,			December 31,
	2019			2018
Refrigeration Equipment	$	84,314,926		$	79,567,389
Machinery and Equipment		52,803,479			51,800,479
Building, Land, and Improvements		25,606,013			25,606,013
Furniture and Office Equipment		5,151,742			4,884,945
Leasehold Improvements		393,770			393,770
Automotive Equipment		319,496			319,496
Construction in Progress		9,858,712			4,769,268
		178,448,138			167,341,360
Less: Accumulated Depreciation		(68,888,151	)		(65,247,112	)
	$	109,559,987		$	102,094,248

Depreciation expense related to property, plant and equipment totaled $3,643,492 for the three months ended March 31, 2019, of which $1,566,088 was recorded to cost of goods sold for the three months ended March 31, 2019, with the remainder of depreciation and amortization expense recorded to selling, general and administrative expense.

Depreciation expense related to property, plant and equipment totaled $3,268,899 for the three ended March 31, 2018, of which $1,490,995 was recorded to cost of goods sold for the three months ended March 31, 2018, with the remainder of depreciation and amortization expense recorded to selling, general and administrative expense.

Accrued Expenses

3 Months Ended

Mar. 31, 2019

Payables And Accruals [Abstract]

Accrued Expenses

Note 5 – Accrued Expenses:

	March 31,		December 31,
	2019		2018
Accrued Compensation and Employee Related Costs	$	3,155,174	$	5,276,552
Accrued Chiller Cost		1,416,152		1,401,762
Accrued Customer Consideration		919,739		650,567
Accrued Commission		769,320		114,901
Accrued Freight		535,814		405,733
Accrued Marketing		657,354		551,681
Accrued Utility Cost		270,554		146,500
Other Accrued Expenses		493,458		502,855
	$	8,217,565	$	9,050,551

Debt

3 Months Ended

Mar. 31, 2019

Debt Disclosure [Abstract]

Debt

Note 6 – Debt:

During the third quarter of 2017, we amended our Credit Facilities to replace our Term Facility and Capex Commitments of $30.0 million and $10.0 million Revolving Facility with a straight $30.0 million revolver (the “New Revolving Facility”) and the ability to increase the New Revolving Facility by an additional $10.0 million. The New Revolving Facility is scheduled to mature in September 2020 and borrowings thereunder accrue interest at variable rates depending on the Company’s election, either at a base rate or at the London Interbank Offered Rate (“LIBOR”), in each case, plus an applicable margin. Subject to the Company’s leverage ratio, the applicable margin varies between 0.75% and 1.25% for base rate loans and 1.75% and 2.25% for LIBOR loans. The amendment resulted in a reduction in the unused rate of between 25 and 75 basis points and a reduction in the total rate of between 200 and 250 basis points.

Borrowings under our Revolving Credit Facilities totaled $10.0 million for the three months ended March 31, 2019, which also represented the debt outstanding under the Credit Facilities. There was no debt outstanding as of March 31, 2018.

Interest expense and fees totaled $0.1 million for the three months ended March 31, 2019 and less than $0.1 million for the three months ended March 31, 2018. There was less than $0.1 million of accrued interest on the Credit Facilities as of March 31, 2019.

Leases

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Leases

Note 7– Leases:

We have various noncancellable lease agreements for office and warehouse space, as well as office equipment, with original remaining lease terms of two years to nine years, some of which include an option to extend the lease term for up to five years. Because the Company is not reasonably certain to exercise these renewal options, the options are not considered in determining the lease term, and associated potential option payments are excluded from lease payments. The Company’s leases generally do not include termination options for either party to the lease or restrictive financial or other covenants.

Weighted-average remaining lease term (in years) and discount rate related to operating leases were as follows:

Weighted-average remaining lease term		5.16
Weighted-average discount rate			6.0	%

As most of our leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at the date of adoption to determine the present value of lease payments.

Maturities of lease liabilities under noncancellable operating leases as of March 31, 2019 were as follows:

	March 31 ,2019

2019 (a)	$	1,017,527
2020		1,521,149
2021		1,724,052
2022		1,727,538
2023		1,773,769
2024 and beyond		4,287,729
Total lease payments		12,051,764
Less: Imputed interest		(2,387,800	)
Present value of lease liabilities	$	9,663,964

(a)	Excluding the three months ended March 31, 2019.

As of December 31, 2018 minimum lease payments under noncancellable operating leases by period were expected to be:

	December 31,
	2018

2019	$	1,475,761
2020		1,626,179
2021		1,671,003
2022		1,664,510
2023		1,700,539
2024 and thereafter		4,246,015
	$	12,384,007

A summary of rent expense for the years ended December 31, 2018 and 2017 was as follows:

		2018				2017
Rent expense		$	515,565			$	480,349

Supplemental cash flow information and non-cash activity relating to operating leases are as follows:



	For the Three Months Ended March 31, 2019
Operating cash flow information:
Cash paid for amounts included in the measurement of lease liabilities	$	246,735

Equity Incentive Plans

3 Months Ended

Mar. 31, 2019

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Equity Incentive Plans

Note 8 – Equity Incentive Plans:

Total compensation cost for share-based payments recognized for the three months ended March 31, 2019 and 2018 is $1,260,126 and $1,092,260, respectively.

2006 Stock Plan—The options in this plan are time-based (vest over five years). Certain option awards provide for accelerated vesting if there is a change in control (as defined in the 2006 Plan). At March 31, 2019, there were zero shares available for grant as the 2006 Plan is frozen. The total number of unexercised options for the 2006 Plan is 5,029.

2010 Stock Plan—The outstanding options are time-based (vest between two and four years). At March 31, 2019, there were zero shares available for grant as the 2010 Plan is frozen. The total number of unexercised options for the 2010 Plan is 327,052.

2014 Omnibus Incentive Plan—In November 2014, the Company approved the 2014 Omnibus Incentive Plan (the “2014 Plan”). Under the 2014 Plan 3,979,200 shares of common stock may be issued or used for reference purposes as awards granted. These awards may be in the form of stock options, stock appreciation rights, restricted stock, as well as other stock-based and cash-based awards. At March 31, 2019, the awards granted were either time-based, performance-based (vest when performance targets are met, as defined in the stock option grant agreement), or restricted stock units (employee RSUs vest over three years and non-employee director RSUs vest over one year).The total number of unexercised options and RSUs for the 2014 Plan is 1,674,640.

At March 31, 2019, there were 1,764,912 shares of common stock available to be issued or used for reference purposes under the 2014 Plan.

NASDAQ Marketplace Rules Inducement Award—During fiscal year 2016, share-based awards were granted to the Company’s Chief Executive Officer as an inducement under the NASDAQ Marketplace Rules, and therefore outside of any Plan. Under the terms of the agreement, the grant is governed as if issued under the 2014 Omnibus Plan. As of March 31, 2019, the awards granted were time-based (cliff vest over four years) and performance-based (vest when performance targets are met, as defined in the stock option grant agreement).

Service Period Stock Options

The following table includes activity related to outstanding service period stock options during the three months ended March 31, 2019.

Service Period Stock Options	Shares			Weighted Average Exercise Price
Outstanding at December 31, 2018		1,793,981		$	9.84
Exercised		(248,195	)		7.22
Outstanding at March 31, 2019		1,545,786		$	10.26

Performance-Vested Stock Options

The following table includes activity related to outstanding performance-vested stock options during the three months ended March 31, 2019.

Performance Based Options	Shares			Weighted Average Exercise Price
Outstanding at December 31, 2018		1,275,746		$	13.62
Forfeited		(39,253	)		9.05
Outstanding at March 31, 2019		1,236,493		$	13.77

As of March 31, 2019, 779,360 performance-vested stock options at a weighted average exercise price of $10.83 have performance metrics that are probable of achievement. These shares are included in share-based compensation costs for the three months ended March 31, 2019.

Restricted Stock Units

The following table includes activity related to outstanding restricted stock units during the three months ended March 31, 2019.

Restricted Stock Units	Shares			Weighted-Average Grant-Date Fair Value Per Unit
Outstanding at December 31, 2018		271,979		$	19.07
Granted		6,888			35.96
Issued upon vesting		(79,883	)		21.75
Forfeited		(168	)		35.96
Outstanding at March 31, 2019		198,816		$	18.56

Loss Per Share

3 Months Ended

Mar. 31, 2019

Earnings Per Share [Abstract]

Loss Per Share

Note 9 – Loss Per Share:

Basic net loss per share of common stock is calculated by dividing net loss attributable to common stockholders by the weighted-average number of shares of common stock outstanding for the period. Diluted net loss per share of common stock is computed by giving effect to all potentially dilutive securities.

For the three months ended March 31, 2019 and 2018, there were no adjustments between net loss and net loss attributable to common stockholders.

The potentially dilutive securities are as follows:

	Three Months Ended
	March 31,
	2019		2018
Service Period Stock Options		1,686,048		2,026,372
Restricted Stock Units		249,252		166,428
Performance Stock Options		59,693		—
Total		1,994,993		2,192,799

For the three months ended March 31, 2019 and March 31, 2018, diluted net loss per share of common stock is the same as basic net loss per share of common stock, due to the fact that potentially dilutive securities would have an antidilutive effect as the Company incurred a net loss during such periods.

Related Party Transactions

3 Months Ended

Mar. 31, 2019

Related Party Transactions

Note 10 – Related Party Transactions:

As of March 31, 2019 there was one related party, to whom payments of $647,502 were made for the purchase of raw material for the three months ended March 31, 2019. The vendor was not a related party during the three months ended March 31, 2018. The Company believes that all payments made to the vendor are at market value and thus at arms-length.

Concentrations

3 Months Ended

Mar. 31, 2019

Risks And Uncertainties [Abstract]

Concentrations

Note 11 – Concentrations:

Concentration of Credit Risk—The Company maintains its cash balances in financial institutions that are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000 each. At times, such balances may be in excess of the FDIC insurance limit.

Net Sales by Class of Retailer —The following table sets forth net sales by class of retailer:

	Three Months Ended
	March 31,
	2019		2018
Grocery (including Online), Mass and Club	$	45,707,897	$	34,898,677
Pet Specialty and Natural		9,084,305		8,270,924
Net Sales	$	54,792,202	$	43,169,601

Subsequent Events

3 Months Ended

Mar. 31, 2019

Subsequent Events [Abstract]

Subsequent Events

Note 12 – Subsequent Events:

The Company evaluates events that have occurred after the balance sheet date but before the financial statements are issued. Based upon the evaluation, the Company did not identify any recognized or unrecognized subsequent events that have required adjustment or disclosure in the financial statements.

Nature of the Business and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Nature of the Business	Nature of the Business – Freshpet, Inc. (hereafter referred to as “Freshpet” the “Company”, “we” or ”our”), a Delaware corporation, manufactures and markets natural fresh meals and treats for dogs and cats. The Company’s products are distributed throughout the United States and other international markets, into major retail classes including Grocery (including online), Mass and Club, Pet Specialty, and Natural retail.
Basis of Presentation	Basis of Presentation – The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the U.S. (“U.S. GAAP”). The unaudited consolidated financial statements include the accounts of the Company as well as the Company’s wholly-owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. The interim unaudited consolidated financial statements have been prepared on the same basis as the annual audited consolidated financial statements and in accordance with the rules and regulations of the United States Securities and Exchange Commission. In the opinion of management, the interim unaudited financial statements reflect all adjustments, which include only normal recurring adjustments, necessary for the fair statement of the Company’s financial position as of March 31, 2019, the results of its operations and cash flows for the three months ended March 31, 2019 and 2018. The results for the three months ended March 31, 2019 are not necessarily indicative of results to be expected for the year ending December 31, 2019, or any other interim periods, or any future year or period. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes in Item 8 of Part II, “Financial Statements and Supplementary Data,” of our Annual Report on Form 10-K for the year ended December 31, 2018.
Estimates and Uncertainties	Estimates and Uncertainties – The preparation of our consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results, as determined at a later date, could differ from those estimates. Restricted Stock Tax Withholdings – For the three-month period ended March 31, 2019, the Company withheld 18,351 shares, totaling $0.7 million, to meet payroll tax withholdings obligations arising from the vesting of restricted share units. Shares of common stock withheld for tax withholdings do not reduce the Company’s total share repurchase authority.

Inventories (Tables)

3 Months Ended

Mar. 31, 2019

Inventory Disclosure [Abstract]

Summary of Inventories

	March 31,			December 31,
	2019			2018
Raw Materials and Work in Process	$	2,849,747		$	2,784,233
Packaging Components Material		1,075,422			1,138,091
Finished Goods		7,310,660			5,442,338
		11,235,829			9,364,662
Reserve for Obsolete Inventory		(126,613	)		(47,430	)
	$	11,109,216		$	9,317,232

Property, Plant and Equipment (Tables)

3 Months Ended

Mar. 31, 2019

Property Plant And Equipment [Abstract]

Summary of Property, Plant and Equipment, Net

	March 31,			December 31,
	2019			2018
Refrigeration Equipment	$	84,314,926		$	79,567,389
Machinery and Equipment		52,803,479			51,800,479
Building, Land, and Improvements		25,606,013			25,606,013
Furniture and Office Equipment		5,151,742			4,884,945
Leasehold Improvements		393,770			393,770
Automotive Equipment		319,496			319,496
Construction in Progress		9,858,712			4,769,268
		178,448,138			167,341,360
Less: Accumulated Depreciation		(68,888,151	)		(65,247,112	)
	$	109,559,987		$	102,094,248

Accrued Expenses (Tables)

3 Months Ended

Mar. 31, 2019

Payables And Accruals [Abstract]

Summary of Accrued Expenses

	March 31,		December 31,
	2019		2018
Accrued Compensation and Employee Related Costs	$	3,155,174	$	5,276,552
Accrued Chiller Cost		1,416,152		1,401,762
Accrued Customer Consideration		919,739		650,567
Accrued Commission		769,320		114,901
Accrued Freight		535,814		405,733
Accrued Marketing		657,354		551,681
Accrued Utility Cost		270,554		146,500
Other Accrued Expenses		493,458		502,855
	$	8,217,565	$	9,050,551

Leases (Tables)

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Weighted Average Remaining Lease Term And Discount Rate Related To Operating Leases

Weighted-average remaining lease term (in years) and discount rate related to operating leases were as follows:

Weighted-average remaining lease term		5.16
Weighted-average discount rate			6.0	%

Maturities of Lease Liabilities Under Noncancelable Operating Leases

Maturities of lease liabilities under noncancellable operating leases as of March 31, 2019 were as follows:

	March 31 ,2019

2019 (a)	$	1,017,527
2020		1,521,149
2021		1,724,052
2022		1,727,538
2023		1,773,769
2024 and beyond		4,287,729
Total lease payments		12,051,764
Less: Imputed interest		(2,387,800	)
Present value of lease liabilities	$	9,663,964

Future Minimum Payments Due

As of December 31, 2018 minimum lease payments under noncancellable operating leases by period were expected to be:

	December 31,
	2018

2019	$	1,475,761
2020		1,626,179
2021		1,671,003
2022		1,664,510
2023		1,700,539
2024 and thereafter		4,246,015
	$	12,384,007

Summary of Rent Expense

A summary of rent expense for the years ended December 31, 2018 and 2017 was as follows:

		2018				2017
Rent expense		$	515,565			$	480,349

Supplemental Cash Flow Information And Non-cash Activity Relating To Operating

Supplemental cash flow information and non-cash activity relating to operating leases are as follows:



	For the Three Months Ended March 31, 2019
Operating cash flow information:
Cash paid for amounts included in the measurement of lease liabilities	$	246,735

Equity Incentive Plans (Tables)

3 Months Ended

Mar. 31, 2019

Service Period Stock Options

Summary of Activity Related to Outstanding Stock Options

The following table includes activity related to outstanding service period stock options during the three months ended March 31, 2019.

Service Period Stock Options	Shares			Weighted Average Exercise Price
Outstanding at December 31, 2018		1,793,981		$	9.84
Exercised		(248,195	)		7.22
Outstanding at March 31, 2019		1,545,786		$	10.26

Performance-Vested Stock Options

Summary of Activity Related to Outstanding Stock Options

The following table includes activity related to outstanding performance-vested stock options during the three months ended March 31, 2019.

Performance Based Options	Shares			Weighted Average Exercise Price
Outstanding at December 31, 2018		1,275,746		$	13.62
Forfeited		(39,253	)		9.05
Outstanding at March 31, 2019		1,236,493		$	13.77

Restricted Stock Units

Summary of Activity Related to Outstanding Stock Options

The following table includes activity related to outstanding restricted stock units during the three months ended March 31, 2019.

Restricted Stock Units	Shares			Weighted-Average Grant-Date Fair Value Per Unit
Outstanding at December 31, 2018		271,979		$	19.07
Granted		6,888			35.96
Issued upon vesting		(79,883	)		21.75
Forfeited		(168	)		35.96
Outstanding at March 31, 2019		198,816		$	18.56

Loss Per Share (Tables)

3 Months Ended

Mar. 31, 2019

Earnings Per Share [Abstract]

Schedule of Potentially Dilutive Securities

The potentially dilutive securities are as follows:

	Three Months Ended
	March 31,
	2019		2018
Service Period Stock Options		1,686,048		2,026,372
Restricted Stock Units		249,252		166,428
Performance Stock Options		59,693		—
Total		1,994,993		2,192,799

Concentrations (Tables)

3 Months Ended

Mar. 31, 2019

Risks And Uncertainties [Abstract]

Information About Company's Nets By Class of Retailer

Net Sales by Class of Retailer —The following table sets forth net sales by class of retailer:

	Three Months Ended
	March 31,
	2019		2018
Grocery (including Online), Mass and Club	$	45,707,897	$	34,898,677
Pet Specialty and Natural		9,084,305		8,270,924
Net Sales	$	54,792,202	$	43,169,601

Nature of the Business and Summary of Significant Accounting Policies - Additional Information (Details)	3 Months Ended
	Mar. 31, 2019 USD ($) shares
Accounting Policies [Abstract]
Payments related to tax withholding for share-based compensation \| $	$ 673,774
Shares paid for tax withholding for share based compensation \| shares	18,351

Inventories - Summary of Inventories (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Inventory Disclosure [Abstract]
Raw Materials and Work in Process	$ 2,849,747	$ 2,784,233
Packaging Components Material	1,075,422	1,138,091
Finished Goods	7,310,660	5,442,338
Inventory gross	11,235,829	9,364,662
Reserve for Obsolete Inventory	(126,613)	(47,430)
Inventory net	$ 11,109,216	$ 9,317,232

Property, Plant and Equipment - Summary of Property, Plant and Equipment, Net (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	$ 178,448,138	$ 167,341,360
Less: Accumulated Depreciation	(68,888,151)	(65,247,112)
Property, plant and equipment, net	109,559,987	102,094,248
Refrigeration Equipment
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	84,314,926	79,567,389
Machinery and Equipment
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	52,803,479	51,800,479
Building, Land, and Improvements
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	25,606,013	25,606,013
Furniture and Office Equipment
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	5,151,742	4,884,945
Leasehold Improvements
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	393,770	393,770
Automotive Equipment
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	319,496	319,496
Construction in Progress
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	$ 9,858,712	$ 4,769,268

Property, Plant and Equipment - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Property, Plant and Equipment
Property Plant And Equipment [Line Items]
Depreciation expense	$ 3,643,492	$ 3,268,899
Product
Property Plant And Equipment [Line Items]
Cost of goods sold, depreciation and amortization	$ 1,566,088	$ 1,490,995

Accrued Expenses - Summary of Accrued Expenses (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Payables And Accruals [Abstract]
Accrued Compensation and Employee Related Costs	$ 3,155,174	$ 5,276,552
Accrued Chiller Cost	1,416,152	1,401,762
Accrued Customer Consideration	919,739	650,567
Accrued Commission	769,320	114,901
Accrued Freight	535,814	405,733
Accrued Marketing	657,354	551,681
Accrued Utility Cost	270,554	146,500
Other Accrued Expenses	493,458	502,855
Accrued expenses	$ 8,217,565	$ 9,050,551

Debt - Additional Information (Details) - USD ($)	3 Months Ended
Debt - Additional Information (Details) - USD ($)	Mar. 31, 2019	Mar. 31, 2018	Sep. 30, 2017	Dec. 31, 2018
Debt Instrument [Line Items]
Borrowings under credit facilities	$ 10,000,000	$ 6,000,000
Debt outstanding	10,000,000	0		$ 0
Interest expense and fees	100,000
Maximum
Debt Instrument [Line Items]
Interest expense and fees		$ 100,000
Accrued interest	$ 100,000
New Revolving Facility
Debt Instrument [Line Items]
Debt instrument, face amount			$ 30,000,000
Increase in credit facility			$ 10,000,000
Line of credit facility, maturity month and year			2020-09
New Revolving Facility \| Minimum
Debt Instrument [Line Items]
Debt instrument reduction in unused rate	0.25%
Debt instrument reduction in total rate	2.00%
New Revolving Facility \| Minimum \| Base Rate
Debt Instrument [Line Items]
Line of credit facility, applicable margin			0.75%
New Revolving Facility \| Minimum \| LIBOR
Debt Instrument [Line Items]
Line of credit facility, applicable margin			1.75%
New Revolving Facility \| Maximum
Debt Instrument [Line Items]
Debt instrument reduction in unused rate	0.75%
Debt instrument reduction in total rate	2.50%
New Revolving Facility \| Maximum \| Base Rate
Debt Instrument [Line Items]
Line of credit facility, applicable margin			1.25%
New Revolving Facility \| Maximum \| LIBOR
Debt Instrument [Line Items]
Line of credit facility, applicable margin			2.25%

Leases - Additional Information (Details)	3 Months Ended
Leases - Additional Information (Details)	Mar. 31, 2019
Lessee Lease Description [Line Items]
Operating lease, renewal term	5 years
Operating lease, existence of option to extend	true
Minimum
Lessee Lease Description [Line Items]
Operating lease remaining lease term	2 years
Maximum
Lessee Lease Description [Line Items]
Operating lease remaining lease term	9 years

Leases - Weighted Average Remaining Lease Term And Discount Rate Related To Operating Leases (Details)	Mar. 31, 2019
Leases [Abstract]
Weighted-average remaining lease term	5 years 1 month 28 days
Weighted-average discount rate	6.00%

Leases - Maturities of Lease Liabilities Under Noncancelable Operating Leases (Details)	Mar. 31, 2019 USD ($)
Leases [Abstract]
2019	$ 1,017,527
2020	1,521,149
2021	1,724,052
2022	1,727,538
2023	1,773,769
2024 and beyond	4,287,729
Total lease payments	12,051,764
Less: Imputed interest	(2,387,800)
Present value of lease liabilities	$ 9,663,964

Leases - Future Minimum Payments Due (Details)	Dec. 31, 2018 USD ($)
Operating Leases Future Minimum Payments Due [Abstract]
2019	$ 1,475,761
2020	1,626,179
2021	1,671,003
2022	1,664,510
2023	1,700,539
2024 and thereafter	4,246,015
Future minimum payments due	$ 12,384,007

Leases - Summary of Rent Expense (Details) - USD ($)	12 Months Ended
Leases - Summary of Rent Expense (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Leases [Abstract]
Rent expense	$ 515,565	$ 480,349

Leases - Supplemental Cash Flow Information And Non-cash Activity Relating To Operating (Details)	3 Months Ended
	Mar. 31, 2019 USD ($)
Operating cash flow information:
Cash paid for amounts included in the measurement of lease liabilities	$ 246,735

Equity Incentive Plans - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Nov. 30, 2014
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation	$ 1,260,126	$ 1,092,260
Service Period Stock Options \| Chief Executive Officer
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period	4 years
Performance-Vested Stock Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Performance-vested stock options	779,360
Performance-vested stock options, weighted average exercise price	$ 10.83
2006 Stock Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period	5 years
Stock options, available for grant	0
Total number of unexercised options	5,029
2010 Stock Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total number of unexercised options	327,052
2010 Stock Plan \| Minimum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period	2 years
2010 Stock Plan \| Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period	4 years
2014 Omnibus Incentive Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock options, available for grant	1,764,912		3,979,200
2014 Omnibus Incentive Plan \| Restricted Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total number of unexercised options	1,674,640
2014 Omnibus Incentive Plan \| Restricted Stock Units \| Employee
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period	3 years
2014 Omnibus Incentive Plan \| Restricted Stock Units \| Non-employee Director
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period	1 year

Equity Incentive Plans - Summary of Activity Related to Outstanding Stock Options (Details)	3 Months Ended
	Mar. 31, 2019 $ / shares shares
Service Period Stock Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares, Outstanding Beginning Balance \| shares	1,793,981
Shares, Exercised \| shares	(248,195)
Shares, Outstanding Ending Balance \| shares	1,545,786
Weighted Average Exercise Price, Outstanding Beginning Balance \| $ / shares	$ 9.84
Weighted Average Exercise Price, Exercised \| $ / shares	7.22
Weighted Average Exercise Price, Outstanding Ending Balance \| $ / shares	$ 10.26
Performance-Vested Stock Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares, Outstanding Beginning Balance \| shares	1,275,746
Shares, Forfeited \| shares	(39,253)
Shares, Outstanding Ending Balance \| shares	1,236,493
Weighted Average Exercise Price, Outstanding Beginning Balance \| $ / shares	$ 13.62
Weighted Average Exercise Price, Forfeited \| $ / shares	9.05
Weighted Average Exercise Price, Outstanding Ending Balance \| $ / shares	$ 13.77
Restricted Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares, Outstanding Beginning Balance \| shares	271,979
Shares, Granted \| shares	6,888
Shares, Issued upon vesting \| shares	(79,883)
Shares, Forfeited \| shares	(168)
Shares, Outstanding Ending Balance \| shares	198,816
Weighted-Average Grant-Date Fair Value Per Unit, Outstanding Beginning Balance \| $ / shares	$ 19.07
Weighted-Average Grant-Date Fair Value Per Unit, Granted \| $ / shares	35.96
Weighted-Average Grant-Date Fair Value Per Unit, Issued Upon Vesting \| $ / shares	21.75
Weighted-Average Grant-Date Fair Value Per Unit, Forfeited \| $ / shares	35.96
Weighted-Average Grant-Date Fair Value Per Unit, Outstanding Ending Balance \| $ / shares	$ 18.56

Loss Per Share - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Earnings Per Share [Abstract]
Adjustments between net loss and net loss attributable to common stockholders	$ 0	$ 0

Loss Per Share - Schedule of Potentially Dilutive Securities (Details) - shares	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Potentially dilutive securities	1,994,993	2,192,799
Service Period Stock Options
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Potentially dilutive securities	1,686,048	2,026,372
Restricted Stock Units
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Potentially dilutive securities	249,252	166,428
Performance Shares
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Potentially dilutive securities	59,693

Related Party Transactions - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Purchases of Raw Materials
Related Party Transaction [Line Items]
Payments made to a stockholder for distribution services	$ 647,502	$ 0

Concentrations - Additional Information (Details)	Mar. 31, 2019 USD ($)
Maximum
Concentration Risk [Line Items]
Cash, FDIC insured amount	$ 250,000

Concentrations - Information About Company's Nets By Class of Retailer (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Concentration Risk [Line Items]
Net Sales	$ 54,792,202	$ 43,169,601
Grocery (including Online), Mass and Club
Concentration Risk [Line Items]
Net Sales	45,707,897	34,898,677
Pet Specialty and Natural
Concentration Risk [Line Items]
Net Sales	$ 9,084,305	$ 8,270,924