Company: LIFD
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001096906-25-001332
Chunk: 38

Company: LFTD PARTNERS INC.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 38
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,551 during the six months ended June 30, 2025, and was due to the purchase of fixed assets. 

Net cash used in investing activities was $488,584 during the six months ended June 30, 2024. In 2024, Lifted spent $288,584 on purchases of fixed assets and $200,000 for the cash portion of the second installment of merger consideration pursuant to the Oculus Merger Agreement.

Cash Flows From Financing Activities

During the six months ended June 30, 2025, net cash used in financing activities was $32,487, primarily consisting of proceeds of $350,000 from the Related Party Note (defined below), offset by payments on the Surety Bank loans of $278,833, and payments on the Related Party Note of $96,154.  

In comparison, during the six months ended June 30, 2024, net cash used in financing activities was $500,111, which was primarily driven by payments on the Surety Bank loans of $252,371 and purchases of shares of the Company’s common stock of $240,240.

 5Table of Contents

During the six months ended June 30, 2025, net cash decreased by $30,895, and we had $2,116,052 of unrestricted cash at June 30, 2025. In comparison, during the six months ended June 30, 2024, net cash decreased by $743,751, and we had $3,613,788 of unrestricted cash at June 30, 2024. 

Comparison of the Consolidated Balance Sheets as of June 30, 2025 and December 31, 2024

The following table summarizes our Company’s current assets, current liabilities and working capital as of June 30, 2025 and December 31, 2024.

  June 30, 2025  December 31, 2024 Current Assets $17,875,184  $16,928,005 Current Liabilities  7,600,570   6,084,011 Working Capital  10,274,615   10,843,994 

As of June 30, 2025, we had cash and restricted cash of $3,116,052; in comparison, as of December 31, 2024, we had cash and restricted cash of $3,146,947.

As