Company: LIFD
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001096906-25-000346
Chunk: 35

Company: LFTD PARTNERS INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 35
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  682,347   659,376 Current Portion of Settlement Asset and Receivables  460,500   378,597 Other Current Assets  364,443   2,664 Total Current Assets  16,928,005   21,668,980 Restricted Cash  1,000,000   1,000,000 Goodwill  23,092,794   23,092,794 Investment in Ablis  399,200   399,200 Investment in Bendistillery and Bend Spirits  1,497,000   1,497,000 Net Deferred Tax Asset  515,134   - Fixed Assets, less accumulated depreciation of $1,055,666 in 2024 and $593,531 in 2023  2,704,615   2,996,387 Security and State Licensing Deposits and Bonds  59,630   43,421 Operating Lease Right-of-Use Asset, net of Right-of-Use Asset Amortization of $226,646 in 2024 and $266,837 in 2023  1,119,434   626,869 Non-Current Portion of Settlement Asset and Receivables  -   22,000 Total Assets $47,315,812  $51,346,651 LIABILITIES AND SHAREHOLDERS'  EQUITY         Current Liabilities        Operating Lease Liability $224,460  $169,437 Deferred Revenue  674,676   235,891 Minimum Earnout Consideration pursuant to the Oculus Merger Agreement ($200,000 in cash, and $800,000 in the form of 160,000 shares of common stock valued at $5.00 per share)  -   1,000,000 Collab Commissions and Royalties Payable  37,342   572,838 Accounts Payable and Accrued Expenses  4,563,464   6,172,655 Accounts Payable - Related Party  1,190   3,938 Preferred Stock Dividends Payable  7,124   7,124 Notes Payable to Surety Bank  559,418   506,061 Interest Payable to Surety Bank  16