Company: LIFD
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001096906-25-000346
Chunk: 2490

Company: LFTD PARTNERS INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9A
Chunk 2490
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3  2022 Net Sales $37,325,228  $51,610,562  $57,416,535 Cost of Goods Sold  24,570,399   31,906,278   36,423,246 Gross Profit  12,754,829   19,704,284   20,993,289 Operating Expenses            Payroll Expenses  5,840,846   7,476,955   6,423,584 Deferred Contingent Stock Expense  -   2,138,175   - Company-Wide Management Bonus Pool  -   233,332   233,336 Management Bonuses  -   -   500,000 Professional Fees  973,460   1,088,035   888,609 Bank Charges and Merchant Fees  570,545   595,285   477,718 Advertising and Marketing  1,155,067   951,266   662,494 Bad Debt Expense  1,469,078   353,162   78,457 Depreciation and Amortization  218,622   182,822   32,155 Collab Commission and Royalty Expense  692,971   1,733,800   - Other Operating Expenses  2,607,704   2,541,263   1,884,209 Total Operating Expenses  13,528,293   17,294,095   11,180,562 Income/(Loss) From Operations  (773,464)  2,410,189   9,812,727 Other Income/(Expenses)            Gain on Lease Modification  9,622   -   - Interest Income  149,433   44,630   11,110 Interest Expense  (356,909)  (110,517)  (120,197)Dividend Income  4,772   3,579   - Settlement Income  10,000   506,211   478,617 Settlement Costs  (2,000)  -   - Debt Financing Expenses  (11,152)  (60,548)