Company: LIFD
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001096906-25-001862
Chunk: 43

Company: LFTD PARTNERS INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 43
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 Company’s cash flows for the nine months ended September 30, 2025 and 2024:

  For the Nine Months Ended   September 30,   2025  2024 Net Cash Provided By/(Used In) Operating Activities  $785,188  $(67,154)Net Cash Used in Investing Activities  (87,082)  (480,611)Net Cash Used In Financing Activities  (924,389)  (634,969)

Cash Flows From Operating Activities

Net cash provided by operating activities was $785,188 during the nine months ended September 30, 2025; this resulted from net income of $62,265 increased by net, non-cash expenses of $2,045,638 and reduced by net operating assets and liabilities of $1,322,715. Non-cash expenses are primarily related to spoiled and written off inventory of $769,104, bad debt expense of $664,686, and Loss From Inventory Theft of $358,072.

In comparison, net cash used in operating activities was $67,154 for the nine months ended September 30, 2024. During the nine months ended September 30, 2024, net cash used in operating activities primarily resulted from a net loss of $1,858,615, which includes net, non-cash expenses of $4,379,929, offset by an increase in net operating assets and liabilities of $2,588,468. Non-cash expenses are primarily related to bad debt expense of $2,304,898, spoiled and written off inventory of $1,379,982, and loss on the Jeeter collaboration of $1,349,467.

Cash Flows From Investing Activities

Net cash used in investing activities was $87,082 during the nine months ended September 30, 2025, and was due to the purchase of fixed assets. 

Net cash used in investing activities was $480,611 during the nine months ended September 30, 2024. In 2024, Lifted spent $310,763 on purchases of fixed assets and $200,000 for the cash portion of the second installment of merger consideration pursuant to the Oculus Merger Agreement.

Cash Flows From Financing Activities

During the nine months ended September 30, 2025, net cash used in financing activities was $924,389, primarily consisting of payments on the Surety Bank loans of $1,