Company: LIFD
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001096906-25-000346
Chunk: 1690

Company: LFTD PARTNERS INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 4
Chunk 1690
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, 2024 and September 30, 2024

LFTD PARTNERS INC. AND SUBSIDIARY LIFTED LIQUIDS, INC.CONSOLIDATED STATEMENTS OF OPERATIONS(UNAUDITED)        For the Three Months Ended December 31, 2024    For the Three Months Ended September 30, 2024  Net Sales $8,479,605  $8,691,675 Cost of Goods Sold  6,420,952   4,933,780 Gross Profit  2,058,653   3,757,895 Operating Expenses:        Payroll Expenses  1,408,312   1,360,035 Professional Fees  195,378   156,357 Bank Charges and Merchant Fees  134,414   130,831 Advertising and Marketing  317,605   470,676 Bad Debt (Income)/Expense  (835,820)  864,345 Depreciation and Amortization  62,265   58,124 Collab Commission and Royalty Expense  103,100   180,571 Other Operating Expenses  601,081   677,659 Total Operating Expenses  1,986,335   3,898,598 Income/(Loss) From Operations  72,318   (140,703)Other Income/(Expenses)        Interest Expense  (85,279)  (88,293)Debt Financing Expenses  (2,803)  (2,803)Dividend Income  1,193   - Penalties  (4,935)  (139)Settlement Costs  (2,000)  - Loss on Disposal of Fixed Assets  (2,423)  3,641 Interest Income  27,853   39,213 Total Other Income/(Expenses)  (68,394)  (48,381)Income/(Loss) Before Provision for Income Taxes  3,924   (189,084)Provision for Income Taxes  (2,738)  (5,315)Net Income/(Loss) Attributable to LFTD Partners Inc. common stockholders $1,186  $(194,399)