Company: LIFD
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001096906-25-001862
Chunk: 11

Company: LFTD PARTNERS INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 11
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, the dividends accruing and being paid on the Company’s preferred stock, future company-wide management bonus pool payments, and other obligations. As a result of all of the foregoing described factors, there is substantial doubt that the Company will be able to continue as a going concern.

NOTE 4 – THE COMPANY’S INVESTMENTS  The Company’s Investment in Lifted At December 31, 2024, the Company performed its annual goodwill impairment assessment on the goodwill recognized as part of the acquisition of Lifted, and determined that no impairment was necessary.   The Company’s Investments in Ablis and Bendistillery On April 30, 2019, the Company purchased 4.99% of the common stock of each of Ablis Holding Company, Bendistillery Inc., and Bend Spirits, Inc. for an aggregate purchase price of $1,896,200. In the second quarter of 2025, Bend Spirits was merged into Bendistillery for operational efficiency. On October 15, 2025, the management of LFTD Partners had a video conference with the officers of Ablis and Bendistillery. During this meeting, the management of those companies discussed the performance of Ablis and Bendistillery during the three months and nine months ended September 30, 2025. Based upon the financial and non-financial information that was shared with LFTD Partners during that conference call, the management of LFTD Partners believes that no impairment of the value of Ablis and Bendistillery is warranted at this point in time. 

 F-10Table of Contents

NOTE 5 – PROPERTY AND EQUIPMENT, NET Property and Equipment consist of the following: Asset Class September 30, 2025  December 31, 2024 Building $805,545  $805,545 Land  430,754   430,754 Machinery & Equipment  1,532,103   1,454,958 Furniture & Fixtures  138,184   138,184 Computer Equipment  21,510   18,979 Building & Leasehold Improvements   640,499   633,094 Vehicles  64,309   64,309 Trade Show Booths  214,457   214,457 Sub-total: $3,847,363  $3,760,281