Company: LIFD
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001096906-25-001332
Chunk: 131

Company: LFTD PARTNERS INC.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 131
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, 2025.

Other Operating Expenses

Other operating expenses include, for example, insurance expense, rent expense, repairs and maintenance, state license and filing fees, excise and sales tax expense, health and dental expenses, warehouse and lab expenses below the Company’s capitalization threshold, and other expenses. Other operating expenses increased to $644,828 during the quarter ended June 30, 2025, from $644,795 during the quarter ended June 30, 2024. In comparison, during the six months ended June 30, 2025, other operating expenses decreased to $1,296,159 from $1,328,964 during the six months ended June 30, 2024. The premiums of certain insurance policies that the Company has had in place have typically been based on the Company’s revenue; as such, these policies are costly for the Company. 

Other Income or Expenses

During the quarter ended June 30, 2025, total net non-operating Other Expenses of $214,138 primarily consisted of theft expense of $350,000 and interest expense of $77,474 offset by settlement income of $177,500 and interest income of $19,098. In comparison, during the quarter ended June 30, 2024, total net non-operating Other Expenses of $74,993 primarily consisted of interest expense of $90,487 and loss on disposal of fixed assets of $37,986, offset by interest income of $41,013.

During the six months ended June 30, 2025, total net non-operating Other Expenses of $268,502 primarily consisted theft expense of $350,000 and interest expense of $157,467 offset by settlement income of $177,500 and interest income of $51,982. In comparison, during the six months ended June 30, 2024, total, net non-operating net Other Expenses of $1,491,615 primarily consisted of the $1,349,467 loss related to the termination of the Jeeter collaboration.

Net Loss

During the quarter ended June 30, 2025, the Company recognized a net loss of $268,950. In comparison, during the quarter ended June 30, 2024, the Company recognized a net loss of $523,212.

During the six months ended June 30, 2025, the Company recognized a net loss of $571,992. In comparison, during the six months ended June 30,