Company: LIFD
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001096906-25-000346
Chunk: 2016

Company: LFTD PARTNERS INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7
Chunk 2016
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 Years Ended   December 31,   2024  2023  2022 Cash Flows From Operating Activities         Net Income/(Loss) $(1,857,429) $2,159,007  $7,196,327 Adjustments to Reconcile Net Income/(Loss) to Net Cash Provided by/(Used in) Operating Activities            Deferred Contingent Stock Compensation Expense  -   2,138,175   - Bad Debt Expense  1,469,078   353,162   78,457 Depreciation and Amortization  520,631   425,614   191,541 Settlement 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