Company: LIFD
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001096906-25-000346
Chunk: 1047

Company: LFTD PARTNERS INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 16
Chunk 1047
---
%  7,471,666   13%Other  233,302   1%  106,467   0%  126,003   0%Net Sales $37,325,228   100% $51,610,562   100% $57,416,535   100%   For the Year Ended   December 31,  Hemp vs Non-Hemp Product Sales 2024     2023     2022   Net sales of hemp products $35,049,148   94% $48,064,790   93% $55,694,039   97%Net sales of non-hemp products  2,276,080   6%  3,545,772   7%  1,722,496   3%Net Sales $37,325,228   100% $51,610,562   100% $57,416,535   100%   For the Year Ended   December 31,  Geographic Market 2024     2023     2022    United States $37,325,228   100% $51,610,562   100% $57,414,822   100%International  -   0%  -   0%  1,713   0%Net Sales $37,325,228   100% $51,610,562   100% $57,416,535   100% Deferred Revenue Amounts received from a customer before the purchased product is shipped to the customer are treated as deferred revenue. If cash is not received, an accounts receivable is recognized for the invoiced order, but revenue is not recognized until the order is fully shipped. Accounts receivable include amounts associated with partially shipped orders, for which the unshipped portion is a contract asset. Contract assets represent invoiced but unfulfilled performance obligations.  At December 31, 2024, total deferred revenue was $674,676, all of which is expected to be recognized as revenue in 2025. At December 31, 2023, total deferred revenue was $235,891, all of which was recognized as revenue in 2024.  At December 31, 2022