Company: LIFD
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001096906-25-001332
Chunk: 56

Company: LFTD PARTNERS INC.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 56
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LFTD PARTNERS INC. AND SUBSIDIARY LIFTED LIQUIDS, INC. 

CONSOLIDATED BALANCE SHEETS 

  June 30, 2025  December 31, 2024   (Unaudited)  (Audited) ASSETS      Current Assets      Cash and Cash Equivalents $2,116,052  $2,146,947 Prepaid Expenses  867,046   1,598,654 Accounts Receivable, net of allowance of $1,138,498 in 2025 and $853,329 in 2024  4,007,602   2,358,823 Inventory  9,659,396   9,316,291 Income Tax Receivable  687,549   682,347 Current Portion of Settlement Asset and Receivables  115,705   460,500 Other Current Assets  421,835   364,443 Total Current Assets  17,875,184   16,928,005 Restricted Cash  1,000,000   1,000,000 Goodwill  23,092,794   23,092,794 Investment in Ablis  399,200   399,200 Investment in Bendistillery  1,497,000   1,497,000 Net Deferred Tax Asset  650,060   515,134 Fixed Assets, less accumulated depreciation of $1,334,390 in 2025 and $1,055,666 in 2024  2,510,442   2,704,615 Security and State Licensing Deposits and Bonds  50,183   59,630 Operating Lease Right-of-Use Asset, net of Right-of-Use Asset Amortization of $339,532 in 2025 and $226,646 in 2024  1,006,549   1,119,434 Total Assets $48,081,412  $47,315,812 LIABILITIES AND SHAREHOLDERS'  EQUITY         Current Liabilities        Operating Lease Liability $240,657  $224,460 Deferred Revenue  1,666,672   674,676 Collab Commissions