Company: LIFD
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001096906-25-000346
Chunk: 1396

Company: LFTD PARTNERS INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 2
Chunk 1396
---
 of the Business of LFTD Partners Inc.

Lifted

Ablis, Bendistillery and Bend Spirits

Bank Financing and Purchase of Headquarters Building

Purchase of the 5511 Building

$3,000,000 Working Capital Loan

$910,000 Loan

Manufacturing, Sales and Marketing Agreements

Cali Sweets Agreement

Manufacturing, Sales and Marketing Agreement With Diamond Supply Co.

Jeeter Agreement

Mirsky Agreement

Lifted Purchase of Assets of Oculus CRS, LLC, and Merger With Oculus CHS Management

Corp.

Extrax NM Agreement

Manufacturing, Sales and Marketing Agreement With Subsidiary of a Large, Publicly Traded 

US Marijuana Company

Capital Raise

Liquidity and Capital Resources

On February 24, 2020, the Company acquired 100% of the ownership interests of Lifted. All of the Company’s sales are generated by the Company’s wholly owned subsidiary Lifted; LFTD Partners by itself generates no sales. We also do not recognize any revenue or earnings from our investments in Bendistillery, Ablis or Bend Spirits.

The Company's cash needs for working capital, capital expenditures, 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 December 31, 2024 of $3,967,708. 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. 

The following table summarizes our Company’s cash flows for the years ended December 31, 2024, 2023 and 2022:

  For the Years Ended   December 31,   2024  2023  2022