Company: LIFD
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001096906-25-001332
Chunk: 11

Company: LFTD PARTNERS INC.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 11
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 machinery and equipment and 5511 Building of $76,581 and $153,948, respectively, as overhead to finished goods, depreciation expense of $62,512 and $124,777, respectively, was recognized during the three and six months ended June 30, 2025. In comparison, after allocating depreciation of machinery and equipment and 5511 Building of $75,417 and $152,383, respectively, as overhead to finished goods, depreciation expense of $49,435 and $98,233, respectively, was recognized during the three and six months ended June 30, 2024.

 F-11Table of Contents

NOTE 7 – INTANGIBLE ASSETS, NET Reference is hereby made to the disclosures above in the following sections, which are hereby incorporated by reference thereto:  NOTE 2 – BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIESBusiness Combinations and Consolidated Results of Operations and OutlookAccounting for Goodwill NOTE 4 – THE COMPANY’S INVESTMENTS The Company’s Investment in Lifted

NOTE 8 – RELATED PARTY TRANSACTIONS  Ablis During the quarter ended three and six months ended June 30, 2025, Lifted sold $0 and $5,038 worth of finished goods to Ablis.  Robert T. Warrender II In January 2022, Lifted hired Mr. Robert T. Warrender II, NWarrender’s father, as an employee, with a salary of $60,000 per year; Mr. Warrender served as an employee until his passing in December 2024. Mr. Warrender also served as a Director of LFTD Partners Inc. As of June 30, 2025 and December 31, 2024, $0 and $1,190 in expense reimbursements were accrued as payable to Mr. Warrender, respectively. Sublease of Space Located at 2701-09 West Fulton PH, Chicago, Illinois 60612 On July 6, 2022, Lifted entered into a sublease for office space in Chicago, Illinois located at 2701-09 West Fulton PH, Chicago, Illinois 60612. The sublease was terminated as of June 30, 2024. Prior to the termination of the sublease, the sublease cost $3,000 per month, plus supplemental lease related charges such as real estate taxes and common expenses of