Company: LIFD
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001096906-25-001862
Chunk: 112

Company: LFTD PARTNERS INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 112
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% $28,504,075   100% $28,845,623   100%International  1,853   0%  0   0%  1,853   0%  0   0%Net Sales $9,056,742   100% $8,691,675   100% $28,505,928   100% $28,845,623   100%

NOTE 18 – SUBSEQUENT EVENTS Management of the Company has evaluated the events that have occurred through the date of the filing of this Quarterly Report on Form 10-Q.  Settlement with Former Insurance Carrier On or about October 2, 2025, Lifted compromised and settled a dispute with one of its former insurance carriers, on terms agreeable to the parties.  Amendment of Articles of Incorporation of Subsidiary  On October 27, 2025, the Board of Directors of Lifted Liquids, Inc., an Illinois corporation and wholly owned subsidiary of LFTD Partners Inc., adopted a Unanimous Written Consent pursuant to Section 8.45 of the Illinois Business Corporation Act of 1983 approving an amendment to its Articles of Incorporation to change the par value of its common stock from “no par value” to $0.001 per share. The amendment was adopted under Section 10.15 of the Act, which permits the board to increase, decrease, create or eliminate par value without shareholder approval so long as no class or series is adversely affected. Articles of Amendment reflecting this change were filed with the Illinois Secretary of State following Board approval. The change in par value does not affect the number of authorized or outstanding shares of Lifted Liquids or have any impact on the consolidated financial statements of LFTD Partners Inc. The change may have positive tax implications in future periods.  Creation of Highlandia Inc. On October 24, 2025, LFTD Partners Inc. created a new wholly owned subsidiary in Florida called Highlandia Inc. Highlandia, which has not yet conducted any business, intends to enter the hemp-derived beverage industry. Update Regarding Theft of Inventory As described in NOTE 6 – THEFT OF INVENTORY, in July 2025, $335,460 worth of finished goods were stolen off of Lifted’s third-party shipper's truck just after leaving Lifted's co-packer's facility in Orange