Company: LIFD
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001096906-25-000819
Chunk: 238

Company: LFTD PARTNERS INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 238
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 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. 

 4Table of Contents

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 Flows From Investing Activities

Net cash used in investing activities was $77,147 and $31,835 during the quarters ended March 31, 2025 and 2024, respectively, and was due to the purchase of fixed assets in both periods. 

Cash Flows From Financing Activities

During the quarter ended March 31, 2025, net cash used in financing activities was $141,590, consisting of payments on the Surety Bank loans of $138,589, and payments of preferred stock dividends totaling $3,000.  

In comparison, during the quarter ended March 31, 2024, net cash used in financing activities was $128,152, consisting of payments on the Surety Bank loans of $125,152, and payments of preferred stock dividends totaling $3,000.  

During the quarter ended March 31,