Company: LIFD
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001096906-25-000346
Chunk: 2129

Company: LFTD PARTNERS INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7A
Chunk 2129
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   7,124 Notes Payable to Surety Bank  559,418   506,061 Interest Payable to Surety Bank  16,336   18,800 Total Current Liabilities  6,084,011   8,686,744 Non-Current Liabilities        Operating Lease Liability  937,988   463,623 Net Deferred Tax Liability  -   29,482 Notes Payable to Surety Bank  2,789,372   3,348,790 Total Non-Current Liabilities  3,727,360   3,841,896 Total Liabilities  9,811,371   12,528,640 Commitments and Contingencies  -   - Shareholders' Equity         Preferred Stock, $0.001 par value; 10,000,000 total shares authorized; out of 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,