Company: LIFD
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001096906-25-000346
Chunk: 1970

Company: LFTD PARTNERS INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7
Chunk 1970
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LFTD PARTNERS INC. AND SUBSIDIARY LIFTED LIQUIDS, INC.CONSOLIDATED STATEMENTS OF OPERATIONS(UNAUDITED)        For the Three Months Ended December 31, 2024    For the Three Months Ended December 31, 2023  Net Sales $8,479,605  $13,519,947 Cost of Goods Sold  6,420,952   9,522,468 Gross Profit  2,058,653   3,997,479 Operating Expenses:        Payroll Expenses  1,408,312   2,113,322 Professional Fees  195,378   217,993 Bank Charges and Merchant Fees  134,414   169,324 Advertising and Marketing  317,605   288,085 Bad Debt (Income)/Expense  (835,820)  214,597 Depreciation and Amortization  62,265   51,368 Collab Commission and Royalty Expense  103,100   887,086 Other Operating Expenses  601,081   572,844 Total Operating Expenses  1,986,335   4,514,619 Income/(Loss) From Operations  72,318   (517,140)Other Income/(Expenses)        Interest Expense  (85,279)  (37,980)Debt Financing Expenses  (2,803)  (548)Dividend Income  1,193   1,193 Penalties  (4,935)  (24,885)Settlement Income  -   506,211 Settlement Costs  (2,000)  - Loss on Disposal of Fixed Assets  (2,423)  - Interest Income  27,853   16,933 Total Other Income/(Expenses)  (68,394)  460,924 Income/(Loss) Before Provision for Income Taxes  3,924   (56,216)Provision for Income Taxes  (2,738)  79,856 Net Income/(Loss) Attributable to LFTD Partners Inc. common stockholders $1,186  $23,640          E