Company: LIFD
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001096906-25-000819
Chunk: 256

Company: LFTD PARTNERS INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 2
Chunk 256
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ows 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, 2025, net cash increased by $133,015. In comparison, during the quarter ended March 31, 2024, net cash increased by $18,646. 

Comparison of the Consolidated Balance Sheets as of March 31, 2025 and December 31, 2024

The following table summarizes our Company’s current assets, current liabilities and working capital as of March 31, 2025 and December 31, 2024.

  March 31, 2025  December 31, 2024 Current Assets $17,415,176  $16,928,005 Current Liabilities  7,042,466   6,084,011 Working Capital  10,372,710   10,843,994 

As of March 31, 2025, we had cash and restricted cash of $3,279,962; in comparison, as of December 31, 2024, we had cash and restricted cash of $3,146,947.

As of March 31, 2025, we reported prepaid expenses of $901,411, primarily consisting of prepaid inventory of $807,746. In comparison, as of December 31, 2024, we reported prepaid expenses of $1,598,654, primarily consisting of prepaid inventory of $1,470,957. 

Accounts receivable of $2,987,841, net of $483,861 allowance for doubtful accounts, were outstanding as of March 31, 2025. In comparison, accounts receivable of $2,358