Company: LIFD
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001096906-25-000346
Chunk: 844

Company: LFTD PARTNERS INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 14
Chunk 844
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$47,315,812  $51,346,651 LIABILITIES AND SHAREHOLDERS'  EQUITY         Current Liabilities        Operating Lease Liability $224,460  $169,437 Deferred Revenue  674,676   235,891 Minimum Earnout Consideration pursuant to the Oculus Merger Agreement ($200,000 in cash, and $800,000 in the form of 160,000 shares of common stock valued at $5.00 per share)  -   1,000,000 Collab Commissions and Royalties Payable  37,342   572,838 Accounts Payable and Accrued Expenses  4,563,464   6,172,655 Accounts Payable - Related Party  1,190   3,938 Preferred Stock Dividends Payable  7,124   7,124 Notes Payable to Surety Bank  559,418   506,061 Interest Payable to Surety Bank  16,336   18,800 Total Current Liabilities  6,084,011   8,686,744 Non-Current Liabilities        Operating Lease Liability  937,988   463,623 Net Deferred Tax Liability  -   29,482 Notes Payable to Surety Bank  2,789,372   3,348,790 Total Non-Current Liabilities  3,727,360   3,841,896 Total Liabilities  9,811,371   12,528,640 Commitments and Contingencies  -   - Shareholders' Equity         Preferred Stock, $0.001 par value; 10,000,000 total shares authorized; out of which two Series of Preferred Stock are authorized and outstanding, as follows:        Series A Convertible Preferred Stock: 400,000 shares authorized, and:  3   3 2,500 shares issued and outstanding at December 31, 2024        2,500 shares issued and outstanding at December 31, 2023        Series B Convertible Preferred Stock: 5,000,000 shares authorized, and:  40   40 40,000 shares issued and outstanding at December 31, 2024        40,000 shares issued