For the year ending 2025-12-31, LIFD made $36,920,799 in revenue. -$24,872,180 in net income. Net profit margin of -67.37%.
| Income Statement | 2025-12-31 | 2024-12-31 | ||
|---|---|---|---|---|
| Net sales | 36,920,799 | 37,325,228 | ||
| Cost of goods sold | 24,300,144 | 24,570,399 | ||
| Gross profit | 12,620,655 | 12,754,829 | ||
| Payroll expenses | 4,757,465 | 5,840,846 | ||
| Deferred contingent stock expense | 0 | - | ||
| Company-wide management bonus pool | 0 | - | ||
| Professional fees | 780,331 | 973,460 | ||
| Bank charges and merchant fees | 604,767 | 570,545 | ||
| Advertising and marketing | 1,985,021 | 1,155,067 | ||
| Provision for credit losses - extrax nm loans | 421,835 | - | ||
| Bad debt expense | 558,522 | 1,469,078 | ||
| Depreciation and amortization | 247,774 | 218,622 | ||
| Collab commission and royalty expense | 74,791 | 692,971 | ||
| Other operating expenses | 2,276,941 | 2,607,704 | ||
| Total operating expenses | 11,707,447 | 13,528,293 | ||
| Income/(loss) from operations | 913,208 | -773,464 | ||
| Impairment of investment in ablis | 399,200 | - | ||
| Dividend income | 0 | 4,772 | ||
| Impairment of investment in bendistillery | 1,397,200 | - | ||
| Impairment of goodwill | 23,092,794 | - | ||
| Gain/(loss) on disposal of fixed assets | 0 | -50,714 | ||
| Interest income | 89,327 | 149,433 | ||
| Interest expense | 286,595 | 356,909 | ||
| (loss)/recovery from inventory theft | -108,072 | - | ||
| Gain on lease modification | 0 | 9,622 | ||
| Theft expense | 350,000 | - | ||
| Settlement income | 233,412 | 10,000 | ||
| Settlement costs | 0 | 2,000 | ||
| Debt financing expenses | 41,121 | 11,152 | ||
| Penalties | 8,097 | 5,854 | ||
| Loss on jeeter collab | 0 | -1,349,467 | ||
| Loss on deposits | -5,000 | 6,121 | ||
| Gain on forgiveness of debt | 26,278 | - | ||
| Total other income/(expenses) | -25,339,062 | -1,608,390 | ||
| Income/(loss) before provision for income taxes | -24,425,854 | -2,381,854 | ||
| Benefit/(provision) for income taxes | 432,824 | 524,425 | ||
| Net income/(loss) | -24,858,678 | -1,857,429 | ||
| Less accrued preferred stock dividends | 13,502 | - | ||
| Net income/(loss) attributable to common stockholders | -24,872,180 | - | ||
| Basic EPS | -1.68 | -0.13 | ||
| Diluted EPS | -1.68 | -0.13 | ||
| Basic Average Shares | 14,822,678 | 14,802,689 | ||
| Diluted Average Shares | 14,822,678 | 14,802,689 | ||
LFTD PARTNERS INC. (LIFD)
LFTD PARTNERS INC. (LIFD)