Company: LIFD
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001096906-25-001332
Chunk: 5

Company: LFTD PARTNERS INC.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 5
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 dividing earnings (loss) by the weighted-average number of common shares outstanding during the period. Diluted earnings (loss) per common share is calculated by dividing earnings (loss) by the weighted-average number of common shares and dilutive common share equivalents outstanding during the period. When dilutive, the incremental potential common shares issuable upon exercise of stock options and warrants are determined by the treasury stock method. The following table summarizes the calculations of basic and diluted earnings (loss) per common share for the three and six months ended June 30, 2025 and 2024:   For the Three Months Ended    For the Six Months Ended   June 30,    June 30,   2025  2024    2025  2024 Net Loss $(268,950) $(523,212) Net Loss $(571,992) $(1,664,216)                   Weighted average number of common shares outstanding:         Weighted average number of common shares outstanding:        Basic  14,822,678   14,759,282  Basic  14,822,678   14,782,480 Diluted  14,822,678   14,759,282  Diluted  14,822,678   14,782,480                    Basic Net Loss per Common Share $(0.02) $(0.04) Basic Net Loss per Common Share $(0.04) $(0.11)Diluted Net Loss per Common Share $(0.02) $(0.04) Diluted Net Loss per Common Share $(0.04) $(0.11) Recent Accounting Pronouncements – On December 14, 2023, the FASB issued a final standard on improvements to income tax disclosures, ASU 2023-09, Improvements to Income Tax Disclosures. The standard requires disaggregated information about a reporting entity’s effective tax rate reconciliation as well as information on income taxes paid. The standard is intended to benefit investors by providing more detailed income tax disclosures that would be useful in making capital allocation decisions. For public business entities, the new requirements will be effective for annual periods beginning after December 15, 2024. The Company is currently evaluating the impact, if any, that the updated standard will have on the consolidated financial statements. In