Company: LIFD
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001096906-25-000346
Chunk: 843

Company: LFTD PARTNERS INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 14
Chunk 843
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 the significant inputs, estimates, and assumptions utilized by management in its quantitative analysis.

Fruci & Associates II, PLLC – PCAOB ID #05525We have served as the Company’s auditor since 2018. Spokane, WashingtonMarch 31, 2025  

F-3Table of Contents

LFTD PARTNERS INC. AND SUBSIDIARY LIFTED LIQUIDS, INC.CONSOLIDATED BALANCE SHEETS(AUDITED)  December 31, 2024  December 31, 2023 ASSETS      Current Assets      Cash and Cash Equivalents $2,146,947  $4,357,539 Prepaid Expenses  1,598,654   2,509,961 Accounts Receivable, net of allowance of $853,329 in 2024 and $375,417 in 2023  2,358,823   3,586,176 Inventory  9,316,291   10,174,667 Income Tax Receivable  682,347   659,376 Current Portion of Settlement Asset and Receivables  460,500   378,597 Other Current Assets  364,443   2,664 Total Current Assets  16,928,005   21,668,980 Restricted Cash  1,000,000   1,000,000 Goodwill  23,092,794   23,092,794 Investment in Ablis  399,200   399,200 Investment in Bendistillery and Bend Spirits  1,497,000   1,497,000 Net Deferred Tax Asset  515,134   - Fixed Assets, less accumulated depreciation of $1,055,666 in 2024 and $593,531 in 2023  2,704,615   2,996,387 Security and State Licensing Deposits and Bonds  59,630   43,421 Operating Lease Right-of-Use Asset, net of Right-of-Use Asset Amortization of $226,646 in 2024 and $266,837 in 2023  1,119,434   626,869 Non-Current Portion of Settlement Asset and Receivables  -   22,000 Total Assets