Company: LIFD
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001096906-25-001332
Chunk: 37

Company: LFTD PARTNERS INC.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 37
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 or customer creditworthiness declines further, additional measures may be required to preserve liquidity and operational stability.

The Company has a history of losses as evidenced by the accumulated deficit at June 30, 2025 of $4,546,395. 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 six months ended June 30, 2025 and 2024:

  For the Six Months Ended   June 30,   2025  2024 Net Cash Provided by Operating Activities  $86,143  $244,945 Net Cash Used in Investing Activities  (84,551)  (488,584)Net Cash Used In Financing Activities  (32,487)  (500,111)

Cash Flows From Operating Activities

Net cash provided by operating activities was $86,143 for the six months ended June 30, 2025; this resulted from a net loss of $571,992 offset by net, non-cash expenses of $1,027,812 and changes in net operating assets of $369,677. Non-cash expenses are primarily related to spoiled and written off inventory of $780,929.

In comparison, net cash provided by operating activities was $244,945 for the six months ended June 30, 2024; this resulted from a net loss of $1,664,216 offset by net, non-cash expenses of $3,059,549 and changes in net operating assets of $1,150,388. Non-cash expenses are primarily related to bad debt expense of $1,440,553, loss on the Jeeter collaboration of $1,349,467, and spoiled and written off inventory of $1,050,005. 

Cash Flows From Investing Activities

Net cash used in investing activities was $84