Company: LIFD
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001096906-25-000819
Chunk: 124

Company: LFTD PARTNERS INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 124
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LFTD PARTNERS INC. AND SUBSIDIARY LIFTED LIQUIDS, INC.CONSOLIDATED BALANCE SHEETS   March 31, 2025  December 31, 2024   (Unaudited)  (Audited) ASSETS      Current Assets      Cash and Cash Equivalents $2,279,962  $2,146,947 Prepaid Expenses  901,411   1,598,654 Accounts Receivable, net of allowance of $483,861 in 2025 and  $853,329 in 2024  2,987,841   2,358,823 Inventory  9,788,311   9,316,291 Income Tax Receivable  689,123   682,347 Current Portion of Settlement Asset and Receivables  337,000   460,500 Other Current Assets  431,527   364,443 Total Current Assets  17,415,176   16,928,005 Restricted Cash  1,000,000   1,000,000 Goodwill  23,092,794   23,092,794 Investment in Ablis  399,200   399,200 Investment in Bendistillery and Bend Spirits  1,497,000   1,497,000 Net Deferred Tax Asset  592,677   515,134 Fixed Assets, less accumulated depreciation of $1,195,297 in 2025 and $1,055,666 in 2024  2,642,129   2,704,615 Security and State Licensing Deposits and Bonds  55,130   59,630 Operating Lease Right-of-Use Asset, net of Right-of-Use Asset Amortization of $282,450 in 2025 and $226,646 in 2024  1,063,630   1,119,434 Total Assets $47,757,736  $47,315,812 LIABILITIES AND SHAREHOLDERS'  EQUITY         Current Liabilities        Operating Lease Liability $232,431  $224,460 Deferred Revenue  766,215   674,676 Collab Commissions and Royalties Pay