Company: LIFD
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001096906-25-000346
Chunk: 1025

Company: LFTD PARTNERS INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 16
Chunk 1025
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 which two Series of Preferred Stock are authorized and outstanding, as follows:        Series A Convertible Preferred Stock: 400,000 shares authorized, and:  3   3 2,500 shares issued and outstanding at December 31, 2024        2,500 shares issued and outstanding at December 31, 2023        Series B Convertible Preferred Stock: 5,000,000 shares authorized, and:  40   40 40,000 shares issued and outstanding at December 31, 2024        40,000 shares issued and outstanding at December 31, 2023        Common Stock, $0.001 par value; 100,000,000 shares authorized, and:  14,823   14,806 14,822,678 shares issued and outstanding at December 31, 2024        14,805,678 shares issued and outstanding at December 31, 2023        Additional Paid-in Capital  40,986,553   40,429,213 142,000 shares of Deferred Contingent Stock issuable upon instruction by the respective Deferred Contingent Stock Recipients at December 31, 2024 and December 31, 2023  470,730   470,730 Accumulated Deficit  (3,967,708)  (2,096,780)Total Shareholders' Equity  37,504,441   38,818,011 Total Liabilities and Shareholders' Equity $47,315,812  $51,346,651 

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

F-4Table of Contents

LFTD PARTNERS INC. AND SUBSIDIARY LIFTED LIQUIDS, INC.CONSOLIDATED STATEMENTS OF OPERATIONS(AUDITED)            For the Years Ended    December 31,   2024  2023  2022 Net Sales $37,325,228  $51,610,562  $57,416,535 Cost of Goods Sold  24,570,399   31,906,278   36,423,246 Gross Profit  12,754,829   19,704,284   20,993,289 Operating Expenses            Payroll Expenses  5,840,