Company: LIFD
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001096906-25-000346
Chunk: 778

Company: LFTD PARTNERS INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 13
Chunk 778
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 in the financial statements at currently enacted income tax rates applicable to the period in which the deferred tax assets and liabilities are expected to be realized or settled. As changes in tax laws or rates are enacted, deferred tax assets and liabilities are adjusted through the provision for income taxes. A valuation allowance is provided against deferred income tax assets when it is not more likely than not that the deferred income tax assets will be realized.  

F-15Table of Contents

Basic and Diluted Earnings (Loss) Per Common Share – Basic earnings (loss) per common share is determined by dividing earnings (loss) by the weighted-average number of common shares outstanding during the period. Diluted earnings (loss) per common share is calculated by dividing earnings (loss) by the weighted-average number of common shares and dilutive common share equivalents outstanding during the period. When dilutive, the incremental potential common shares issuable upon exercise of stock options and warrants are determined by the treasury stock method. The following table summarizes the calculations of basic and diluted earnings (loss) per common share for the years ended December 31, 2024, 2023 and 2022:   For the Years Ended   December 31,   2024  2023  2022 Net Income/(Loss) $(1,857,429) $2,159,007  $7,196,327              Weighted average number of common shares outstanding:            Basic  14,802,689   14,555,279   14,080,729 Diluted  14,802,689   16,439,477   15,862,927              Basic Net Income/(Loss) per Common Share $(0.13) $0.15  $0.51 Diluted Net Income/(Loss) per Common Share $(0.13) $0.13  $0.45  As of December 31, 2024, in addition to our outstanding common stock, we have issued warrants to purchase 2,280,000 shares of common stock at $5.00 per share, all of which are vested. As of December 31, 2024, the Company had 2,500 shares of Series A Preferred Stock outstanding convertible into 250,000 shares of common stock.   As of December 31, 2024, the Company had 40,000