Company: LIFD
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001096906-25-001332
Chunk: 122

Company: LFTD PARTNERS INC.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 122
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)Net Cash Used In Financing Activities  (32,487)  (500,111)

Cash Flows From Operating Activities

Net cash provided by operating activities was $86,143 for the six months ended June 30, 2025; this resulted from a net loss of $571,992 offset by net, non-cash expenses of $1,027,812 and changes in net operating assets of $369,677. Non-cash expenses are primarily related to spoiled and written off inventory of $780,929.

In comparison, net cash provided by operating activities was $244,945 for the six months ended June 30, 2024; this resulted from a net loss of $1,664,216 offset by net, non-cash expenses of $3,059,549 and changes in net operating assets of $1,150,388. Non-cash expenses are primarily related to bad debt expense of $1,440,553, loss on the Jeeter collaboration of $1,349,467, and spoiled and written off inventory of $1,050,005. 

Cash Flows From Investing Activities

Net cash used in investing activities was $84,551 during the six months ended June 30, 2025, and was due to the purchase of fixed assets. 

Net cash used in investing activities was $488,584 during the six months ended June 30, 2024. In 2024, Lifted spent $288,584 on purchases of fixed assets and $200,000 for the cash portion of the second installment of merger consideration pursuant to the Oculus Merger Agreement.

Cash Flows From Financing Activities

During the six months ended June 30, 2025, net cash used in financing activities was $32,487, primarily consisting of proceeds of $350,000 from the Related Party Note (defined below), offset by payments on the Surety Bank loans of $278,833, and payments on the Related Party Note of $96,154.  

In comparison, during the six months ended June 30, 2024, net cash used in financing activities was $500,111, which was primarily driven by payments on the Surety Bank loans of $252,371 and purchases of shares of the Company’s common stock of $240,240.

 5Table of Contents

During the six months ended June 30, 2025, net cash decreased by $30,895, and we had $2,116,052