Company: LIFD
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001096906-25-001862
Chunk: 117

Company: LFTD PARTNERS INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 117
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,763 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 nine months ended September 30, 2025, net cash used in financing activities was $924,389, primarily consisting of payments on the Surety Bank loans of $1,050,849 and payments on the Related Party Note (defined below) of $211,538, offset by proceeds of $350,000 from the Related Party Note.

In comparison, during the nine months ended September 30, 2024, net cash used in financing activities was $634,969, which is primarily driven by payments on the Surety Bank loans of $382,733 and purchases of shares of the Company’s common stock of $240,240. 

 5Table of Contents

During the nine months ended September 30, 2025, net cash decreased by $226,283, and we had $1,920,664 of unrestricted cash at September 30, 2025. In comparison, during the nine months ended September 30, 2024, net cash decreased by $1,182,734, and we had $3,174,805 of unrestricted cash at September 30, 2024.  

Comparison of the Consolidated Balance Sheets as of September 30, 2025 and December 31, 2024

The following table summarizes our Company’s current assets, current liabilities and working capital as of September 30, 2025 and December 31, 2024.

  September 30, 2025  December 31, 2024 Current Assets $14,591,256  $16,928,005 Current Liabilities  4,827,091   6,084,011 Working Capital  9,764,165   10,843,994 

As of September 30, 2025, we had cash and restricted cash of $2,920,664; in comparison, as of December 31, 2024, we had cash and restricted cash of $3,146,947.

As of September 30, 2025, we reported prepaid expenses of $259,222, primarily consisting of prepaid inventory of $174,274. In comparison, as of December 31, 2024, we reported prepaid expenses of $1,598,654, primarily consisting