Company: LIFD
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001096906-25-000346
Chunk: 2823

Company: LFTD PARTNERS INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 2823
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 foregoing equity collateral to the detriment of the Borrower.

Default under any of the agreements described above could have a highly detrimental, if not catastrophic impact on our Company.  

Consolidated Balance Sheet Presentation of the Working Capital and Business Loans and Maturity Analysis

The following presents the Working Capital and Business Loans in the Consolidated Balance Sheets as of December 31, 2024 and December 31, 2023:

  December 31, 2024  December 31, 2023        Working Capital Loan $2,509,838  $3,000,000 Real Estate Loan  882,950   910,000 Total principal amount  3,392,788   3,910,000 Less: Unamortized debt financing costs  (43,997)  (55,149)Less: Current portion of Surety Bank notes  (559,418)  (506,061)Non-Current portion of Surety Bank notes $2,789,372  $3,348,790 

The following represents aggregate payments due on the Working Capital and Business Loans subsequent to December 31, 2024:

Maturity Analysis as of December 31, 2024       2025 $876,939 2026  876,939 2027  876,939 2028  1,618,429 Thereafter  - Total  4,249,246 Less: Interest portion  (856,459)Total principal amount $3,392,788 

13Table of Contents

Manufacturing, Sales and Marketing Agreements

During the year ended December 31, 2023, Lifted entered into Manufacturing, Sales and Marketing Agreements with Cali Sweets, LLC (“Cali”), Diamond Supply Co. (“Diamond”), and DreamFields Brands Inc. d/b/a Jeeter (“Jeeter”); and, on or about January 23, 2024, Lifted entered into a Manufacturing, Sales and Marketing Agreement with a wholly owned subsidiary of a large, publicly traded US marijuana company (collectively, “Agreements”). The terms of these Agreements are described below. As of December 31, 2024, all of the Agreements were in effect, except for the Jeeter Agreement, which had been terminated on January 1, 2024. The aggregate net revenue related to these