Company: LIFD
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001096906-25-001332
Chunk: 20

Company: LFTD PARTNERS INC.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 20
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December 31, 2024 Weighted Average remaining lease term (years)  3.72   4.20 Weighted Average Discount rate  9.66%  9.65%

 F-16Table of Contents

 Lease Costs The table below summarizes the components of lease costs for the following periods:    For the Three Months Ended June 30, Lease Cost: 2025  2024 Finance lease expense:      Amortization of Right-of-Use Assets $-  $- Interest on lease liabilities  -   - Operating lease expense  83,424   83,424 Total $83,424  $83,424    For the Six Months Ended June 30, Lease Cost: 2025  2024 Finance lease expense:      Amortization of Right-of-Use Assets $-  $- Interest on lease liabilities  -   - Operating lease expense  166,849   138,738 Total $166,849  $138,738  Balance Sheet Classification of Operating Lease Assets and Liabilities Asset Balance Sheet Line June 30, 2025 Operating Lease Right-of-Use Asset, net of Right-of-Use Asset Amortization of $339,532 Non-Current Assets $1,006,549         Liability Balance Sheet Line June 30, 2025 Operating Lease Liabilities Current Liabilities $240,657   Non-Current Liabilities  813,224   Allocation of a Portion of Lease Expense to Finished Goods   A portion of monthly overhead expenses, such as those related to leases, utilities, insurance, and indirect labor, are allocated to finished goods based on the estimated percentage cost toward the finished goods. Depreciation expense related to certain machinery and equipment is also allocated to finished goods. Other Deposits and Bonds  The majority of the Company’s security deposit for the lease of 789 Tech Center Drive, Unit C, Durango, Colorado 81301 was returned to the Company in the second quarter of 2025 after the termination of the lease. The Company’s security deposit for its former sublease of the space located at 2701-09 West Fulton PH, Chicago, Illinois 60612 was written off in the second quarter of 202