Company: LIFD
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001096906-25-001862
Chunk: 86

Company: LFTD PARTNERS INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 86
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 Lifted’s third-party shipper's truck just after leaving Lifted's co-packer's facility in Orange County, California. The thieves were apprehended by authorities, and Lifted filed an insurance claim with the shipping company's insurance company. Lifted’s co-packer credited Lifted $40,000. As described in NOTE 18 – SUBSEQUENT EVENTS, on November 6, 2025, Lifted executed a Property Damage-Liability Release with the insurance carrier of the shipping company, in exchange for the insurance company paying $250,000. Also included in Loss From Inventory Theft for the quarter ended September 30, 2025 is $22,612 worth of finished goods that were stolen in September 2025 in transit to a customer. Lifted has filed an insurance claim with the shipping company's insurance company, but it is an unknown how much, if any, of the stolen product will be reimbursed by the insurance company.

NOTE 7 – INTANGIBLE ASSETS, NET Reference is hereby made to the disclosures above in the following sections, which are hereby incorporated by reference thereto:  NOTE 2 – BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIESBusiness Combinations Accounting for Goodwill NOTE 4 – THE COMPANY’S INVESTMENTS The Company’s Investment in Lifted

NOTE 8 – RELATED PARTY TRANSACTIONS  Ablis During the quarter ended three and nine months ended September 30, 2025, Lifted sold $0 and $5,038 worth of finished goods to Ablis.  Robert T. Warrender II In January 2022, Lifted hired Mr. Robert T. Warrender II, NWarrender’s father, as an employee, with a salary of $60,000 per year; Mr. Warrender served as an employee until his passing in December 2024. Mr. Warrender also served as a Director of LFTD Partners Inc. As of September 30, 2025 and December 31, 2024, $0 and $1,190 in expense reimbursements were accrued as payable to Mr. Warrender, respectively. Sublease of Space Located at 2701-09 West Fulton PH, Chicago, Illinois 60612 On July 6, 2022, Lifted entered into a sublease for office space in Chicago, Illinois located at 2701-09 West Fulton PH, Chicago, Illinois 606