Company: LIFD
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001096906-25-000346
Chunk: 279

Company: LFTD PARTNERS INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 279
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 generates no sales. We also do not recognize any revenue or earnings from our investments in Bendistillery, Ablis or Bend Spirits.

The Company's cash needs for working capital, capital expenditures, growth opportunities, the payments of Series A and Series B Preferred Stock dividends, bonuses, its financial obligations under its loan agreements with Surety Bank, and other obligations, are expected to be met with current cash on hand and cash flows provided by operating activities.

The Company has a history of losses as evidenced by the accumulated deficit at December 31, 2024 of $3,967,708. We plan to sustain the Company as a going concern by taking the following actions: (1) continuing to operate Lifted; (2) acquiring and/or developing profitable businesses that will create positive income from operations; and/or (3) completing private placements of our common stock and/or preferred stock. We believe that by taking these actions, we will be provided with sufficient future operations and cash flow to continue as a going concern. However, there can be no assurance that we will be successful in consummating such actions on acceptable terms, if at all. Moreover, many of such actions can be expected to result in substantial dilution to the existing shareholders of the Company. 

The following table summarizes our Company’s cash flows for the years ended December 31, 2024, 2023 and 2022:

  For the Years Ended   December 31,   2024  2023  2022 Net Cash Provided by/(Used in) Operating Activities  $(960,067) $638,925  $3,037,426 Net Cash Used in Investing Activities  (479,574)  (2,516,955)  (916,119)Net Cash Used In Financing Activities  (770,951)  3,704,945   (193,416)

Cash Flows From Operating Activities

Net cash used in operating activities was $960,067 for the year ended December 31, 2024. During the year ended December 31, 2024, net cash used in operating activities primarily resulted from a net loss of $1,857,429, which includes net, non-cash expenses of $3,861,942, offset by cash used for working capital, primarily inventory, and paydowns of accounts payable and accrued liabilities. Non-cash expenses are primarily related to spoiled and written off inventory of $1