| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash and cash equivalents | 1,920,664 | 2,116,052 | ||
| Prepaid expenses | 259,222 | 867,046 | ||
| Other current assets | - | 421,835 | ||
| Accounts receivable, net of allowance of 1,536,905 in 2025 and 853,329 in 2024 | 2,308,084 | 4,007,602 | ||
| Inventory | 10,077,375 | 9,659,396 | ||
| Income tax receivable | 0 | 687,549 | ||
| Current portion of settlement asset and receivables | 25,910 | 115,705 | ||
| Receivable unit loans from extrax nm - current | 0 | - | ||
| Total current assets | 14,591,256 | 17,875,184 | ||
| 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 | 1,497,000 | - | ||
| Net deferred tax asset | 567,673 | - | ||
| Fixed assets, less accumulated depreciation of 1,471,862 in 2025 and 1,055,666 in 2024 | 2,375,501 | 2,510,442 | ||
| Security and state licensing deposits and bonds | 50,183 | 50,183 | ||
| Net deferred tax asset | - | 650,060 | ||
| Operating lease right-of-use asset, net of right-of-use asset amortization of 397,951 in 2025 and 226,646 in 2024 | 948,129 | 1,006,549 | ||
| Investment in bendistillery | - | 1,497,000 | ||
| Receivable unit loans from extrax nm - non-current | 421,835 | - | ||
| Total assets | 44,943,570 | 48,081,412 | ||
| Operating lease liability | 249,081 | 240,657 | ||
| Deferred revenue | 892,548 | 1,666,672 | ||
| Income tax payable | 114,042 | - | ||
| Collab commissions and royalties payable | 1,055 | 1,513 | ||
| Accounts payable and accrued expenses | 2,889,818 | 5,083,339 | ||
| Accounts payable - related party | 2,094 | 441 | ||
| Preferred stock dividends payable | 5,221 | 6,318 | ||
| Notes payable to surety bank | 662,387 | 587,454 | ||
| Interest payable to surety bank | 10,844 | 14,175 | ||
| Total current liabilities | 4,827,091 | 7,600,570 | ||
| Operating lease liability | 747,539 | 813,224 | ||
| Note payable - related party | 138,462 | - | ||
| Notes payable to surety bank | 1,673,872 | 2,488,019 | ||
| Note payable - related party | - | 253,846 | ||
| Total non-current liabilities | 2,559,873 | 3,555,089 | ||
| Total liabilities | 7,386,964 | 11,155,658 | ||
| Preferred stock value-Series AConvertible Preferred Stock | 3 | 3 | ||
| Preferred stock value-Series BConvertible Preferred Stock | 40 | 40 | ||
| Common stock, 0.001 par value 100,000,000 shares authorized, and 14,822,678 shares issued and outstanding at september 30, 2025 14,822,678 shares issued and outstanding at december 31, 2024 | 14,823 | 14,823 | ||
| Additional paid-in capital | 40,986,553 | 40,986,553 | ||
| 142,000 shares of deferred contingent stock issuable upon instruction by the respective deferred contingent stock recipients at september 30, 2025 and december 31, 2024 | 470,730 | 470,730 | ||
| Accumulated deficit | -3,915,542 | -4,546,395 | ||
| Total shareholders' equity | 37,556,607 | 36,925,753 | ||
| Total liabilities and shareholders' equity | 44,943,570 | 48,081,412 | ||
LFTD PARTNERS INC. (LIFD)
LFTD PARTNERS INC. (LIFD)