Company: LIFD
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001096906-25-001332
Chunk: 84

Company: LFTD PARTNERS INC.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 84
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 $-  $164,531 2026  -   337,567 2027  -   348,411 2028  -   294,626 2029  -   119,967 Thereafter  -   - Total  -   1,265,103 Less: Present value discount  -   (211,222)Lease liability $-  $1,053,881  In calculating the right-of-use assets and liabilities, the Company uses a discount rate based on a published range of conventional commercial mortgage interest rates corresponding to the life of each lease. The Company uses the higher end of the range due to the Company’s limited credit history.    June 30, 2025  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