Company: LIFD
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001096906-25-001862
Chunk: 22

Company: LFTD PARTNERS INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 22
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 operating lease liabilities are recognized based on the present value of future minimum lease payments over the lease term at commencement date. Lifted adopted ASU 2016-02 using the modified retrospective approach, electing the package of practical expedients.    The Company currently has operating leases for its leased facilities located at 8910 58th Place, Suites 100, 600 and 700, Kenosha, WI 53144 and 5732 95th Avenue, Suites 100-300, Kenosha, WI 53144. These facilities are used for manufacturing, packaging, storage and office space in Kenosha, Wisconsin. The Company has paid security deposits for these leases. From time to time, the Company maintains inventory at third party facilities around the USA.  The following table is the maturity analysis of the Company’s operating leases as of the reported period end:   Finance  Operating 2025 $-  $82,266 2026  -   337,567 2027  -   348,411 2028  -   294,626 2029  -   119,967 Thereafter  -   - Total  -   1,182,837 Less: Present value discount  -   (186,217)Lease liability $-  $996,620 

 F-16Table of Contents

In calculating the right-of-use assets and liabilities, the Company uses a discount rate based on a published range of conventional commercial mortgage interest rates corresponding to the life of each lease. The Company uses the higher end of the range due to the Company’s limited credit history.    September 30, 2025  December 31, 2024 Weighted Average remaining lease term (years)  3.47   4.20 Weighted Average Discount rate  9.67%  9.65% Lease Costs The table below summarizes the components of lease costs for the following periods:    For the Three Months Ended September 30, Lease Cost: 2025  2024 Finance lease expense:      Amortization of Right-of-Use Assets $-  $- Interest on lease liabilities  -   - Operating lease expenses  83,424   83,424 Total $83,424