Company: LIFD
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001096906-25-000346
Chunk: 566

Company: LFTD PARTNERS INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 11
Chunk 566
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 Income  (10,000)  (506,211)  (478,617)Debt Financing Expenses  11,152   60,548   - Gain on Forgiveness of Debt  -   -   (5,026)Gain on Lease Modification  (9,622)  -   - Loss on Disposal of Fixed Assets  50,714   -   185,195 Loss on Jeeter Collab  1,349,467   -   - Loss on Deposits  6,121   -   - Spoiled and Written Off Inventory  1,550,599   2,056,603   4,418,922 Sales Allowance  (531,582)  (316,382)  939,496 Deferred Income Taxes  (544,616)  116,904   244,129 Effect on Cash of Changes in Operating Assets and Liabilities            Accounts Receivable  289,857   (1,152,101)  33,218 Prepaid Expenses  684,546   (841,000)  2,593,275 Dividend Receivable from Bendistillery, Inc.  -   -   2,495 Income Tax Receivable and Payable, net  (22,970)  (737,018)  (1,165,332)Management Bonuses Payable  -   -   (941,562)Company-wide Management Bonus Pool  -   -   (1,556,055)Inventory  (2,552,003)  (5,936,752)  (6,632,945)Other Current Assets  (384,109)  19,292   (39,954)Collab Commissions and Royalties Payable  (111,022)  572,838   - Accounts Payable and Accrued Expenses  (1,611,655)  2,255,650   (507,889)Accounts Payable and Interest Payable to Related Parties  (5,151)  1,710   (15,647)Change in Settlement Asset and Receivables  262,697   233,450