Company: LIFD
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001096906-25-000819
Chunk: 267

Company: LFTD PARTNERS INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 2
Chunk 267
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 assurance can be given as to when such work will be completed.

This Quarterly Report on Form 10-Q does not include an attestation report of our registered public accounting firm regarding internal controls over financial reporting.

Management’s report was not subject to attestation by our registered public accounting firm pursuant to temporary rules of the SEC that permit the Company to provide only management’s report in this Quarterly Report on Form 10-Q.

Notwithstanding the existence of the material weaknesses as described above, we believe that the consolidated financial statements in this Quarterly Report on Form 10-Q present fairly, in all material respects, our financial position, results of operations and cash flows as of the dates, and for the periods presented, in conformity with U.S. GAAP. 

(c) Changes in internal control over financial reporting

Our Chief Executive Officer and Chief Financial Officer have concluded that there were no significant changes in our internal controls over financial reporting that occurred during our last fiscal quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

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PART II — OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

Description of Legal Proceedings 

Lifted currently is involved in four pending lawsuits, two as the plaintiff, and two as the defendant. Please refer to NOTE 11 – LEGAL PROCEEDINGS for more information. 

ITEM 1A. RISK FACTORS

The Risk Factors identified under the heading “SUMMARY OF RISK FACTORS” under Part I and the risk factors described in Item 1A. under the heading “RISK FACTORS” in our Annual Report on Form 10-K for the year ended December 31, 2024 filed with the SEC on March 31, 2025 continue to represent the most significant risks to the Company’s future results of operations and financial conditions, without further modification or amendment, except as follows:

 (1)The Senate of the State of Florida has passed legislation that, if not vetoed by the Governor of Florida, and if not stayed by court order, could materially adversely affect our sales of hemp-derived cannabinoid-infused products in Florida and the trading price of our common stock; (2)The Senate of the State of Texas has also passed legislation that, if not vetoed by the Governor of Texas, and if not stayed by court order, could materially adversely affect our sales of hemp-derived cannabinoid-infused products in Texas and the trading price of our common stock; (3)Opp