Company: LIFD
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001096906-25-000346
Chunk: 1309

Company: LFTD PARTNERS INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1C
Chunk 1309
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 outstanding at December 31, 2023        Additional Paid-in Capital  40,986,553   40,429,213 142,000 shares of Deferred Contingent Stock issuable upon instruction by the respective Deferred Contingent Stock Recipients at December 31, 2024 and December 31, 2023  470,730   470,730 Accumulated Deficit  (3,967,708)  (2,096,780)Total Shareholders' Equity  37,504,441   38,818,011 Total Liabilities and Shareholders' Equity $47,315,812  $51,346,651 

The accompanying notes are an integral part of these consolidated financial statements.

F-4Table of Contents

LFTD PARTNERS INC. AND SUBSIDIARY LIFTED LIQUIDS, INC.CONSOLIDATED STATEMENTS OF OPERATIONS(AUDITED)            For the Years Ended    December 31,   2024  2023  2022 Net Sales $37,325,228  $51,610,562  $57,416,535 Cost of Goods Sold  24,570,399   31,906,278   36,423,246 Gross Profit  12,754,829   19,704,284   20,993,289 Operating Expenses            Payroll Expenses  5,840,846   7,476,955   6,423,584 Deferred Contingent Stock Expense  -   2,138,175   - Company-Wide Management Bonus Pool  -   233,332   233,336 Management Bonuses  -   -   500,000 Professional Fees  973,460   1,088,035   888,609 Bank Charges and Merchant Fees  570,545   595,285   477,718 Advertising and Marketing  1,155,067   951,266   662,494 Bad Debt Expense  1,469,078   353,162   78,457 Depreciation and Amortization  218,622   182,822   32,155 Collab Commission and Royalty Expense  692,971