Company: LIFD
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001096906-25-000819
Chunk: 126

Company: LFTD PARTNERS INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 126
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 470,730   470,730 Accumulated Deficit  (4,274,080)  (3,967,708)Total Shareholders' Equity  37,198,068   37,504,441 Total Liabilities and Shareholders' Equity $47,757,736  $47,315,812 

The accompanying notes are an integral part of these unaudited interim consolidated financial statements.

 F-1Table of Contents

LFTD PARTNERS INC. AND SUBSIDIARY LIFTED LIQUIDS, INC.CONSOLIDATED STATEMENTS OF OPERATIONS(UNAUDITED)         For the Three Months Ended    March 31,   2025  2024 Net Sales $9,123,850  $10,666,649 Cost of Goods Sold  6,906,457   7,282,609 Gross Profit  2,217,393   3,384,040 Operating Expenses        Payroll Expenses  1,299,570   1,602,078 Professional Fees  303,304   389,338 Bank Charges and Merchant Fees  150,508   159,138 Advertising and Marketing  415,572   176,660 Bad Debt Expense  (403,869)  275,278 Depreciation  62,265   48,798 Collab Commission and Royalty Expense  67,098   170,915 Other Operating Expenses  651,331   684,169 Total Operating Expenses  2,545,779   3,506,374 Loss From Operations  (328,386)  (122,334)Other Income/(Expenses)        Interest Income  32,884   41,354 Interest Expense  (79,993)  (92,850)Dividend Income  -   1,193 Debt Financing Expenses  (2,742)  (2,773)Penalties  (13)  (133)Loss on Disposal of Fixed Assets  -   (13,946)Loss on Jeeter Collab  -   (1,349,467)Loss on Deposits  (4,500)  - Total Other Expenses