For the quarter ending 2026-03-31, LIFD has $14,451,380 in assets. $5,982,395 in debts.
| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Income tax receivable | - | 0 | 0 | 687,549 |
| Cash and cash equivalents | 2,091,129 | 1,767,123 | 1,920,664 | 2,116,052 |
| Prepaid expenses | 356,953 | 348,667 | 259,222 | 867,046 |
| Accounts receivable, net of allowance of 1,523,796 in 2026 and 1,269,590 in 2025 | 2,246,020 | 2,531,524 | 2,308,084 | 4,007,602 |
| Inventory, net of inventory reserve of 5,061,673 in 2026 and 0 in 2025 | 5,530,519 | 10,957,823 | 10,077,375 | 9,659,396 |
| Current portion of settlement asset and receivables | 25,000 | 24,910 | 25,910 | 115,705 |
| Receivable loans from extrax nm - current | - | 0 | 0 | - |
| Other current assets | 14,428 | 61,000 | - | 421,835 |
| Total current assets | 10,264,049 | 15,691,047 | 14,591,256 | 17,875,184 |
| Restricted cash | - | 0 | 1,000,000 | 1,000,000 |
| Goodwill | - | 0 | 23,092,794 | 23,092,794 |
| Investment in ablis | - | 0 | 399,200 | 399,200 |
| Investment in bendistillery | 99,800 | 99,800 | 1,497,000 | - |
| Net deferred tax asset | 1,060,993 | 269,802 | 567,673 | - |
| Fixed assets, less accumulated depreciation of 1,747,815 in 2026 and 1,608,543 in 2025, and less accumulated impairment of hemp-specific fixed assets of 143,421 in 2026 and 0 in 2025 | 2,099,491 | 2,273,377 | 2,375,501 | 2,510,442 |
| Security and state licensing deposits and bonds | 53,830 | 50,183 | 50,183 | 50,183 |
| Net deferred tax asset | - | - | - | 650,060 |
| Operating lease right-of-use asset, net of right-of-use asset amortization of 522,956 in 2026 and 457,742 in 2025 | 873,216 | 888,339 | 948,129 | 1,006,549 |
| Investment in bendistillery | - | - | - | 1,497,000 |
| Receivable unit loans from extrax nm - non-current | - | - | 421,835 | - |
| Total assets | 14,451,380 | 19,272,548 | 44,943,570 | 48,081,412 |
| Operating lease liability | 290,357 | 257,708 | 249,081 | 240,657 |
| Deferred revenue | 373,311 | 1,380,049 | 892,548 | 1,666,672 |
| Income tax payable | 385,852 | 155,184 | 114,042 | - |
| Collab commissions and royalties payable | - | 0 | 1,055 | 1,513 |
| Accounts payable and accrued expenses | 3,449,351 | 3,326,650 | 2,889,818 | 5,083,339 |
| Accounts payable - related party | 891 | 5,304 | 2,094 | 441 |
| Note payable - related party | 0 | 3,846 | - | - |
| Preferred stock dividends payable | 7,453 | 7,124 | 5,221 | 6,318 |
| Notes payable to surety bank | 31,040 | 22,282 | 662,387 | 587,454 |
| Interest payable to surety bank | 4,222 | 4,264 | 10,844 | 14,175 |
| Total current liabilities | 4,542,477 | 5,162,410 | 4,827,091 | 7,600,570 |
| Operating lease liability | 635,213 | 680,280 | 747,539 | 813,224 |
| Note payable - related party | - | - | 138,462 | - |
| Notes payable to surety bank | 804,706 | - | 1,673,872 | 2,488,019 |
| Note payable - related party | - | - | - | 253,846 |
| Notes payable to surety bank | - | 797,597 | - | - |
| Total non-current liabilities | 1,439,919 | 1,477,877 | 2,559,873 | 3,555,089 |
| Total liabilities | 5,982,395 | 6,640,288 | 7,386,964 | 11,155,658 |
| Preferred stock value-Series AConvertible Preferred Stock | 3 | 3 | 3 | 3 |
| Preferred stock value-Series BConvertible Preferred Stock | 40 | 40 | 40 | 40 |
| Common stock, 0.001 par value 100,000,000 shares authorized, and14,822,678 shares issued and outstanding at march 31, 202614,822,678 shares issued and outstanding at december 31, 2025 | 14,823 | 14,823 | 14,823 | 14,823 |
| Additional paid-in capital | 40,986,553 | 40,986,553 | 40,986,553 | 40,986,553 |
| 142,000 shares of deferred contingent stock issuable upon instruction by the respective deferred contingent stock recipients at march 31, 2026 and december 31, 2025 | 470,730 | 470,730 | 470,730 | 470,730 |
| Accumulated deficit | -33,003,164 | -28,839,889 | -3,915,542 | -4,546,395 |
| Total shareholders' equity | 8,468,984 | 12,632,260 | 37,556,607 | 36,925,753 |
| Total liabilities and shareholders' equity | 14,451,380 | 19,272,548 | 44,943,570 | 48,081,412 |
LFTD PARTNERS INC. (LIFD)
LFTD PARTNERS INC. (LIFD)