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lifd: the income statement
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End Consumers
$1,037,132
Distributors
$6,431,051
Wholesalers
$1,131,999
Private Label Clients
$388,916
Raw Goods
$67,644
Net sales
$9,056,742
(4.20%↑ Y/Y)
Gross profit
$4,157,495
(10.63%↑ Y/Y)
Cost of goods sold
$4,899,247
(-0.70%↓ Y/Y)
Income/(loss) from operations
$1,312,791
(1033.02%↑ Y/Y)
Total operating
expenses
$2,844,704
(-27.03%↓ Y/Y)
Income/(loss) before
provision for income taxes
$870,814
(560.54%↑ Y/Y)
Total other expenses
-$441,977
(-813.53%↓ Y/Y)
Interest income
$23,695
(-39.57%↓ Y/Y)
Other operating
expenses
$442,570
(-34.69%↓ Y/Y)
Collab commission and
royalty expense
$33,899
(-81.23%↓ Y/Y)
Depreciation and
amortization
$62,161
(6.95%↑ Y/Y)
Bad debt expense
$418,918
(-51.53%↓ Y/Y)
Advertising and marketing
$426,573
(-9.37%↓ Y/Y)
Bank charges and
merchant fees
$159,042
(21.56%↑ Y/Y)
Professional fees
$132,424
(-15.31%↓ Y/Y)
Payroll expenses
$1,169,117
(-14.04%↓ Y/Y)
Net income/(loss)
$634,257
Provision for income taxes
$236,557
Penalties
$1,316
Debt financing
expenses
$32,803
(1070.28%↑ Y/Y)
Loss from inventory
theft
$358,072
Interest expense
$73,481
Net income/(loss)
attributable to common...
$630,854
Less accrued
preferred stock dividends
$3,403
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Income Statement
source: myfinsight.com
LFTD PARTNERS INC. (LIFD)
LFTD PARTNERS INC. (LIFD)