Company: LIFD
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001096906-25-001862
Chunk: 140

Company: LFTD PARTNERS INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 2
Chunk 140
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 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 of prepaid inventory of $1,470,957. 

Accounts receivable of $2,308,084, net of $1,536,905 allowance for doubtful accounts, were outstanding as of September 30, 2025. In comparison, accounts receivable of $2,358,823, net of $853,329 allowance for doubtful accounts, were outstanding as of December 31, 2024.

The Company evaluates the collectability of its trade accounts receivable based on a number of factors. Management of the Company reviews and discusses all outstanding customer trade balances as of reporting period end. In circumstances where the Company becomes aware of a specific customer’s inability to meet its financial obligations to the Company, a specific reserve for bad debts is estimated and recorded (the “Allow