Company: LIFD
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001096906-25-000346
Chunk: 1457

Company: LFTD PARTNERS INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 2
Chunk 1457
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1,186 Balance, December 31, 2024  42,500  $43   14,822,678  $14,823  $40,986,553  $470,730  $(3,967,708)  37,504,441 

The accompanying notes are an integral part of these consolidated financial statements.

F-6Table of Contents

LFTD PARTNERS INC. AND SUBSIDIARY LIFTED LIQUIDS, INC.CONSOLIDATED STATEMENTS OF CASH FLOWS (AUDITED)      For the Years Ended   December 31,   2024  2023  2022 Cash Flows From Operating Activities         Net Income/(Loss) $(1,857,429) $2,159,007  $7,196,327 Adjustments to Reconcile Net Income/(Loss) to Net Cash Provided by/(Used in) Operating Activities            Deferred Contingent Stock Compensation Expense  -   2,138,175   - Bad Debt Expense  1,469,078   353,162   78,457 Depreciation and Amortization  520,631   425,614   191,541 Settlement Income  (10,000)  (506,211)  (478,617)Debt Financing Expenses  11,152   60,548   - Gain on Forgiveness of Debt  -   -   (5,026)Gain on Lease Modification  (9,622)  -   - Loss on Disposal of Fixed Assets  50,714   -   185,195 Loss on Jeeter Collab  1,349,467   -   - Loss on Deposits  6,121   -   - Spoiled and Written Off Inventory  1,550,599   2,056,603   4,418,922 Sales Allowance  (531,582)  (316,382)  939,496 Deferred Income Taxes  (544,616)  116,904   244,129 Effect on Cash of Changes in Operating Assets and Liabilities            Accounts Receivable  289,857   (1,