Company: LIFD
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001096906-25-001332
Chunk: 33

Company: LFTD PARTNERS INC.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 33
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 revenues and expenses relating to transactions with other components of the same public entity). b.Its operating results are regularly reviewed by the public entity’s chief operating decision maker (“CODM”) to make decisions about resources to be allocated to the segment and assess its performance. c.Its discrete financial information is available.” Based on the similarities and shared resources of our production and related product portfolio, the Company views its operations and manages its business as one operating and one reporting segment. The Company’s CODM is Nicholas S. Warrender (“NWarrender”). Due to the rapidly evolving nature of the Company’s industry, NWarrender leads the Company’s efforts to launch new products to stay ahead of trends, find new sales channels, and modify sales strategies. Consumer demands, changes to regulations, proposed legislation, resource needs for Lifted’s collaborations with third parties, and new product opportunities with novel cannabinoids or other active ingredients, are some of the factors that are considered by NWarrender when determining how to allocate the Company’s resources for operations and business development.   Shown below are tables showing the approximate disaggregation of historical revenue:   For the Three Months Ended  For the Six Months Ended   June 30,  June 30, Type of Sale 2025    2024    2025    2024   Net sales of raw materials to customers $141,537   1% $584,327   6% $141,537   1% $760,249   4%Net sales of products to private label clients  301,020   3%  475,685   5%  490,126   3%  2,084,164   10%Net sales of products to wholesalers  1,425,985   14%  2,461,062   26%  3,293,809   17%  5,224,679   26%Net sales of products to distributors  7,390,299   72%  5,022,072   53%  13,419,356   69%  10,370,963   51%Net sales of products to end consumers  1,066,496   10%  944,153   10%  2,104,358   11%  1,713,893   9%