Company: LIFD
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001096906-25-000819
Chunk: 255

Company: LFTD PARTNERS INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 2
Chunk 255
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, growth opportunities, the payments of Series A and Series B Preferred Stock dividends, bonuses, its financial obligations under its loan agreements with Surety Bank, and other obligations, are expected to be met with current cash on hand and cash flows provided by operating activities.

The Company has a history of losses as evidenced by the accumulated deficit at March 31, 2025 of $4,274,080. We plan to sustain the Company as a going concern by taking the following actions: (1) continuing to operate Lifted; (2) acquiring and/or developing profitable businesses that will create positive income from operations; and/or (3) completing private placements of our common stock and/or preferred stock. We believe that by taking these actions, we will be provided with sufficient future operations and cash flow to continue as a going concern. However, there can be no assurance that we will be successful in consummating such actions on acceptable terms, if at all. Moreover, many of such actions can be expected to result in substantial dilution to the existing shareholders of the Company. 

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The following table summarizes our Company’s cash flows for the three months ended March 31, 2025 and 2024:

  For the Three Months Ended   March 31,   2025  2024 Net Cash Provided by Operating Activities  $351,751  $178,633 Net Cash Used in Investing Activities  (77,147)  (31,835)Net Cash Used In Financing Activities  (141,590)  (128,152)

Cash Flows From Operating Activities

Net cash provided by operating activities was $351,751 for the three months ended March 31, 2025; this resulted from a net loss of $303,042 offset by net, non-cash expenses of $129,983 and changes in net operating assets of $524,810. Non-cash expenses are primarily related to spoiled and written off inventory of $464,521.

In comparison, net cash provided by operating activities was $178,633 for the three months ended March 31, 2024; this resulted from a net loss of $1,141,004 offset by net, non-cash expenses of $1,470,812 and changes in net operating assets of $151,176. Non-cash expenses are primarily related to the loss of $1,349,467 related to the termination of the Jeeter collaboration. 

Cash Fl