Lftd Partners Inc 10-Q for FY2025 Q3

Lftd Partners Inc. (LIFD)

10-Q 2025-11-14 For: 2025-09-30

Added on April 06, 2026

About this 10-Q

Lftd Partners Inc filed this 10-Q on November 14, 2025, covering the quarter ended September 30, 2025 (FY2025 Q3).

Headline figures

Quarter ended September 30, 2025, as reported in this filing, compared with the same period a year earlier where the filing states it.

Revenue: $9.06M; up 4.2% from $8.69M a year earlier
Net income: $634.26K; compared with a net loss of $194.4K a year earlier
Diluted EPS: $0.04; compared with -$0.01 a year earlier

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Common Stock, $0.001 par value		LIFD		None
Title of each class		Trading symbol(s)		Name of exchange on which registered

Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated Filer	☒	Smaller reporting company	☒
		Emerging growth company	☐

PART I — FINANCIAL INFORMATION
	Use of Names	3
	Currency	3
	Cautionary Note Regarding Forward-Looking Statements	3
Item 1.	Financial Statements	F-1
	Consolidated Balance Sheets, September 30, 2025 (Unaudited) and December 31, 2024 (Audited)	F-1
	Consolidated Statements of Operations for the Three and Nine Months Ended September 30, 2025 and 2024 (Unaudited)	F-2
	Consolidated Statements of Shareholders’ Equity (Deficit) for the Three and Nine Months Ended September 30, 2025 and 2024 (Unaudited)	F-3
	Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2025 and 2024 (Unaudited)	F-4
	Notes to the Consolidated Financial Statements (Unaudited)	F-5
Item 2.	Management’s Discussion And Analysis Of Financial Condition And Results Of Operations	4
Item 3.	Quantitative And Qualitative Disclosures About Market Risk	11
Item 4.	Controls And Procedures	11
PART II — OTHER INFORMATION
Item 1.	Legal Proceedings	14
Item 1A.	Risk Factors	14
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	15
Item 3.	Defaults Upon Senior Securities	15
Item 4.	Mine Safety Disclosures	15
Item 5.	Other Information	15
Item 6.	Exhibits	15
	Signatures	17

LFTD PARTNERS INC. AND SUBSIDIARY LIFTED LIQUIDS, INC.
CONSOLIDATED BALANCE SHEETS

	September 30, 2025			December 31, 2024
	(Unaudited)			(Audited)
ASSETS
Current Assets
Cash and Cash Equivalents	$	1,920,664		$	2,146,947
Prepaid Expenses		259,222			1,598,654
Accounts Receivable, net of allowance of $1,536,905 in 2025 and $853,329 in 2024		2,308,084			2,358,823
Inventory		10,077,375			9,316,291
Income Tax Receivable		-			682,347
Current Portion of Settlement Asset and Receivables		25,910			460,500
Receivable Unit Loans from Extrax NM - Current		-			364,443
Total Current Assets		14,591,256			16,928,005
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			1,497,000
Net Deferred Tax Asset		567,673			515,134
Fixed Assets, less accumulated depreciation of $1,471,862 in 2025 and $1,055,666 in 2024		2,375,501			2,704,615
Security and State Licensing Deposits and Bonds		50,183			59,630
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			1,119,434
Receivable Unit Loans from Extrax NM - Non-Current		421,835			-
Total Assets	$	44,943,570		$	47,315,812
LIABILITIES AND SHAREHOLDERS' EQUITY
Current Liabilities
Operating Lease Liability	$	249,081		$	224,460
Deferred Revenue		892,548			674,676
Income Tax Payable		114,042			-
Collab Commissions and Royalties Payable		1,055			37,342
Accounts Payable and Accrued Expenses		2,889,818			4,563,464
Accounts Payable - Related Party		2,094			1,190
Preferred Stock Dividends Payable		5,221			7,124
Notes Payable to Surety Bank		662,387			559,418
Interest Payable to Surety Bank		10,844			16,336
Total Current Liabilities		4,827,091			6,084,011
Non-Current Liabilities
Operating Lease Liability		747,539			937,988
Note Payable - Related Party		138,462			-
Notes Payable to Surety Bank		1,673,872			2,789,372
Total Non-Current Liabilities		2,559,873			3,727,360
Total Liabilities		7,386,964			9,811,371
Commitments and Contingencies		-			-
Shareholders' Equity
Preferred Stock, $0.001 par value; 10,000,000 total shares authorized; out of which two Series of Preferred Stock are authorized and outstanding, as follows:
Series A Convertible Preferred Stock: 400,000 shares authorized, and:		3			3
2,500 shares issued and outstanding at September 30, 2025
2,500 shares issued and outstanding at December 31, 2024
Series B Convertible Preferred Stock: 5,000,000 shares authorized, and:		40			40
40,000 shares issued and outstanding at September 30, 2025
40,000 shares issued and outstanding at December 31, 2024
Common Stock, $0.001 par value; 100,000,000 shares authorized, and:		14,823			14,823
14,822,678 shares issued and outstanding at September 30, 2025
14,822,678 shares issued and outstanding at December 31, 2024
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	)		(3,967,708	)
Total Shareholders' Equity		37,556,607			37,504,441
Total Liabilities and Shareholders' Equity	$	44,943,570		$	47,315,812

LFTD PARTNERS INC. AND SUBSIDIARY LIFTED LIQUIDS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)

	For the Three Months Ended						For the Nine Months Ended
	September 30,						September 30,
	2025			2024			2025			2024
Net Sales	$	9,056,742		$	8,691,675		$	28,505,928		$	28,845,623
Cost of Goods Sold		4,899,247			4,933,780			18,884,646			18,149,447
Gross Profit		4,157,495			3,757,895			9,621,282			10,696,176
Operating Expenses
Payroll Expenses		1,169,117			1,360,035			3,665,391			4,432,534
Professional Fees		132,424			156,357			568,108			778,082
Bank Charges and Merchant Fees		159,042			130,831			441,908			436,131
Advertising and Marketing		426,573			470,676			1,374,018			837,462
Bad Debt Expense		418,918			864,345			664,686			2,304,898
Depreciation and Amortization		62,161			58,124			186,938			156,357
Collab Commission and Royalty Expense		33,899			180,571			106,739			589,871
Other Operating Expenses		442,570			677,659			1,738,729			2,006,623
Total Operating Expenses		2,844,704			3,898,598			8,746,517			11,541,958
Income/(Loss) From Operations		1,312,791			(140,703	)		874,765			(845,782	)
Other Income/(Expenses)
Gain on Lease Modification		-			-			-			9,622
Interest Income		23,695			39,213			75,677			121,580
Interest Expense		(73,481	)		(88,293	)		(230,948	)		(271,630	)
Dividend Income		-			-			-			3,579
Loss From Inventory Theft		(358,072	)		-			(358,072	)		-
Theft Expense		-			-			(350,000	)		-
Settlement Income		-			-			177,500			10,000
Debt Financing Expenses		(32,803	)		(2,803	)		(38,318	)		(8,349	)
Penalties		(1,316	)		(139	)		(2,999	)		(919	)
Gain/(Loss) on Disposal of Fixed Assets		-			3,641			-			(48,291	)
Loss on Jeeter Collab		-			-			-			(1,349,467	)
Loss on Deposits		-			-			(5,000	)		(6,121	)
Gain on Forgiveness of Debt		-			-			21,681			-
Total Other Expenses		(441,977	)		(48,381	)		(710,479	)		(1,539,996	)
Income/(Loss) Before Provision for Income Taxes		870,814			(189,084	)		164,286			(2,385,778	)
Provision for Income Taxes		(236,557	)		(5,315	)		(102,021	)		527,163
Net Income/(Loss)	$	634,257		$	(194,399	)	$	62,265		$	(1,858,615	)
Less: Accrued Preferred Stock Dividends		(3,403	)		(3,388	)		(10,099	)		(10,098	)
Net Income/(Loss) Attributable to Common Stockholders	$	630,854		$	(197,787	)	$	52,166		$	(1,868,713	)

Basic Net Income/(Loss) per Common Share	$	0.04		$	(0.01	)	$	0.00		$	(0.13	)
Diluted Net Income/(Loss) per Common Share	$	0.04		$	(0.01	)	$	0.00		$	(0.13	)

Weighted average number of common shares outstanding:
Basic		14,822,678			14,822,678			14,822,678			14,795,977
Diluted		14,964,678			14,822,678			14,964,678			14,795,977

LFTD PARTNERS INC. AND SUBSIDIARY LIFTED LIQUIDS, INC.
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (DEFICIT)
(UNAUDITED)

											Additional			Deferred Contingent					Total
	Preferred Stock				Common Stock						Paid-in			Stock to be		Accumulated			Shareholders'
	Shares		Amount		Shares			Amount			Capital			Issued		Deficit			Equity
Balance, December 31, 2023		42,500	$	43		14,805,678		$	14,806		$	40,429,213		$	470,730	$	(2,096,780	)	$	38,818,011
Series A Preferred Stock dividend payable																	(1,862	)		(1,862	)
Series B Preferred Stock dividend payable																	(1,496	)		(1,496	)
Net Loss																	(1,141,004	)		(1,141,004	)
Balance, March 31, 2024		42,500	$	43		14,805,678		$	14,806		$	40,429,213		$	470,730	$	(3,241,142	)	$	37,673,649
Series A Preferred Stock dividend payable																	(1,858	)		(1,858	)
Series B Preferred Stock dividend payable																	(1,495	)		(1,495	)
Common stock buybacks and immediate cancellations between April 2, 2024 and April 9, 2024						(143,000	)		(143	)		(240,097	)							(240,240	)
Payment of the stock component of the second installment of Merger Consideration (the issuance of 160,000 shares of common stock) pursuant to the Oculus Merger Agreement, on May 13, 2024						160,000			160			799,840								800,000
Net Loss																	(523,212	)		(523,212	)
Balance, June 30, 2024		42,500	$	43		14,822,678		$	14,823		$	40,988,956		$	470,730	$	(3,767,706	)	$	37,706,844
Series A Preferred Stock dividend payable																	(1,889	)		(1,889	)
Series B Preferred Stock dividend payable																	(1,499	)		(1,499	)
Excise taxes payable on common stock buybacks												(2,402	)							(2,402	)
Net Loss																	(194,399	)		(194,399	)
Balance, September 30, 2024		42,500	$	43		14,822,678		$	14,823		$	40,986,553		$	470,730	$	(3,965,493	)		37,506,655

Balance, December 31, 2024		42,500	$	43		14,822,678		$	14,823		$	40,986,553		$	470,730	$	(3,967,708	)		37,504,441
Series A Preferred Stock dividend payable																	(1,851	)		(1,851	)
Series B Preferred Stock dividend payable																	(1,480	)		(1,480	)
Net Loss																	(303,042	)		(303,042	)
Balance, March 31, 2025		42,500	$	43		14,822,678		$	14,823		$	40,986,553		$	470,730	$	(4,274,080	)		37,198,068
Series A Preferred Stock dividend payable																	(1,870	)		(1,870	)
Series B Preferred Stock dividend payable																	(1,496	)		(1,496	)
Net Loss																	(268,950	)		(268,950	)
Balance, June 30, 2025		42,500	$	43		14,822,678		$	14,823		$	40,986,553		$	470,730	$	(4,546,395	)		36,925,753
Series A Preferred Stock dividend payable																	(1,890	)		(1,890	)
Series B Preferred Stock dividend payable																	(1,513	)		(1,513	)
Net Income																	634,257			634,257
Balance, September 30, 2025		42,500	$	43		14,822,678		$	14,823		$	40,986,553		$	470,730	$	(3,915,542	)		37,556,607

LFTD PARTNERS INC. AND SUBSIDIARY LIFTED LIQUIDS, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(UNAUDITED)

	1.	The CECL Model applies to financing receivables measured at amortized cost, which includes trade accounts receivable.
	2.	An entity will recognize an allowance for credit losses that results in the financial statements reflecting the net amount expected to be collected from the financial asset.
	3.	The allowance represents the portion of the amortized cost basis that an entity does not expect to collect due to credit over the asset’s contractual life, considering past events, current conditions and reasonable and supportable forecasts of future economic conditions.

	1)	Identifying raw goods that would no longer be used in the manufacture of finished goods;
	2)	Identifying expired raw goods;
	3)	Identifying finished goods that would no longer be sold or that are slow moving;
	4)	Identifying finished goods that are expired; and
	5)	Valuing and expensing raw and finished goods that would no longer be sold.

	1)	The elimination of half or more of Lifted’s sales. Sales of hemp-derived products made up approximately 47% of Lifted’s sales during the three months ended September 30, 2025; thus, the Act could eliminate approximately half or more of the Company’s revenue;
	2)	Goodwill impairment charges. As a result of LFTD Partners' acquisition of Lifted, LFTD Partners recognized goodwill of $22,292,767 ("Lifted Goodwill"). As a result of Lifted’s purchase of assets of hemp-derived products maker Oculus CRS, LLC, and merger with Oculus CHS Management Corp., LFTD Partners recognized goodwill of $800,027 ("Oculus Goodwill"). Total goodwill reported at September 30, 2025 is $23,092,794. The Act will necessitate the calculation and recording of an impairment charge over the Lifted Goodwill and Oculus Goodwill. The impairment charge could be half or more of the Lifted Goodwill and Oculus Goodwill;
	3)	An investment impairment charge. The Act will necessitate the calculation and recording of an impairment of LFTD Partners’ investment in hemp-derived beverage and products maker Ablis. LFTD Partners’ investment in Ablis was reported as $399,200 as of September 30, 2025. The impairment charge could be half or more of LFTD Partners’ investment in Ablis; and
	4)	Significant inventory write offs. The Act will most likely negatively impact the pricing of hemp-derived products, the availability and price of raw goods and production forecasting, which will lead to increased write-offs each quarter end. Moreover, any hemp-derived products in inventory on November 12, 2026 will have to be written off.

Asset Class	September 30, 2025			December 31, 2024
Building	$	805,545		$	805,545
Land		430,754			430,754
Machinery & Equipment		1,532,103			1,454,958
Furniture & Fixtures		138,184			138,184
Computer Equipment		21,510			18,979
Building & Leasehold Improvements		640,499			633,094
Vehicles		64,309			64,309
Trade Show Booths		214,457			214,457
Sub-total:	$	3,847,363		$	3,760,281

Less: Accumulated Depreciation		(1,471,862	)		(1,055,666	)
	$	2,375,501		$	2,704,615

Asset Class		Estimated Useful Life
Building		39 years
Land		Indefinite
Machinery & Equipment		60 months
Building Improvements		60 months
Leasehold Improvements		The shorter of the length of the lease or 60 months
Trade Show Booths		36 months
Vehicles		60 months
Computer Equipment		60 months
Furniture & Fixtures		60 months

						Weighted-Average
				Weighted-Average		Remaining Contractual		Aggregate Intrinsic
	Shares			Exercise Price		Term (Years)		Value
Exercisable Warrants Outstanding, December 31, 2024		2,280,000		$	5.00		0.15	$	-

Warrants That Expired During Q1 2025		(2,280,000	)

Exercisable Options and Warrants Outstanding, September 30, 2025		0		$	-		0	$	-
Outstanding Options and Warrants, September 30, 2025		0		$	-		0	$	-

	Finance		Operating
2025	$	-	$	82,266
2026		-		337,567
2027		-		348,411
2028		-		294,626
2029		-		119,967
Thereafter		-		-
Total		-		1,182,837
Less: Present value discount		-		(186,217	)
Lease liability	$	-	$	996,620

	For the Three Months Ended September 30,
Lease Cost:	2025		2024
Finance lease expense:
Amortization of Right-of-Use Assets	$	-	$	-
Interest on lease liabilities		-		-
Operating lease expenses		83,424		83,424
Total	$	83,424	$	83,424

	For the Nine Months Ended September 30,
Lease Cost:	2025		2024
Finance lease expense:
Amortization of Right-of-Use Assets	$	-	$	-
Interest on lease liabilities		-		-
Operating lease expense		250,273		222,163
Total	$	250,273	$	222,163

	(1)	Lifted Liquids, Inc. v. Asad Awawdeh and Habib Cash and Carry SD, Inc. – The Company has filed an action seeking to recover approximately $98,000 in damages resulting from Defendants’ failure to pay for product they ordered. The matter has been filed in California and the Company intends to pursue the action and recover its damages.
	(2)	Lifted Liquids, Inc. v RanCo, LLC, The Company has filed an action to recover approximately $354,000 in damages resulting from Defendant’s failure to pay for products. The matter has been filed in Federal Court in California and the Company intends to pursue the action and recover its damages.

	September 30,			December 31,
	2025			2024
Deferred Tax Assets:
Operating Loss Carry forwards	$	9,350		$	434,921
Stock-Based Compensation		2,730,145			2,780,165
Sales Allowances		90,862			80,371
Accrued Related Party Expenses		544			315
Interest Carryforward		90,680			54,790
Allowance for Doubtful Accounts		398,991			225,588
Lease Liabilities		15,834			14,676
Other		1,447			-
Less: Valuation allowance for stock-based compensation		(2,607,940	)		(2,655,721	)
Total Deferred Tax Assets		729,913			935,105

Deferred Tax Liabilities:
Depreciation & Amortization		(162,240	)		(419,971	)
Other		-			-
Total Deferred Tax Liabilities		(162,240	)		(419,971	)

Net Deferred Tax Assets/(Liabilities)	$	567,673		$	515,134

	September 30, 2025			December 31, 2024

Working Capital Loan	$	1,511,290		$	2,509,838
Real Estate Loan		860,649			882,950
Total principal amount		2,371,939			3,392,788
Less: Unamortized debt financing costs		(35,679	)		(43,997	)
Less: Current portion of Surety Bank notes		(662,387	)		(559,418	)
Non-Current portion of Surety Bank notes	$	1,673,872		$	2,789,372

2025	$	219,235
2026		876,939
2027		854,641
2028		860,088
Thereafter		-
Total		2,810,903
Less: Interest portion		(438,964	)
Total principal amount	$	2,371,939

	1)	The ordered item breaks, melts, or separates in transit to the customer. In this case, the Company will replace the broken, melted or separated item at no cost to the customer.
	2)	The Company sent the wrong item to the customer. In this case, the Company will allow the customer to keep, at no cost to the customer, the item that was mistakenly sent to the customer. The Company will also send the correct product to the customer, at no cost to the customer.
	3)	The customer ordered the wrong product. In this case, the customer, at his/her own expense, must mail the mistakenly ordered product back to the Company, and the Company will mail the correct product to the customer.
	4)	The ordered item is recalled. In a situation where product is recalled, the Company will offer a replacement, credit, or refund.

	a.	It engages in business activities from which it may recognize revenues and incur expenses (including revenues and expenses relating to transactions with other components of the same public entity).
	b.	Its operating results are regularly reviewed by the public entity’s chief operating decision maker (“CODM”) to make decisions about resources to be allocated to the segment and assess its performance.
	c.	Its discrete financial information is available.”

	September 30, 2025		December 31, 2024
Current Assets	$	14,591,256	$	16,928,005
Current Liabilities		4,827,091		6,084,011
Working Capital		9,764,165		10,843,994

	September 30, 2025		December 31, 2024
Raw Goods	$	5,779,633	$	5,867,526
Finished Goods		4,297,743		3,448,765
Total Inventory	$	10,077,375	$	9,316,291

	(1)	Two Hundred Thousand Dollars ($200,000) in cash; and
	(2)	One Hundred Sixty Thousand (160,000) newly issued shares of unregistered LIFD Common Stock.

	(1)	Pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and disposition of an issuer;

	(2)	Provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the issuer are being made only in accordance with authorizations of management and directors of the issuer; and

	(3)	Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the issuer’s assets that could have a material adverse effect on the financial statements.

	(1)	There existed a lack of segregation of duties in regard to the Company’s financial reporting, procedures for depositing of funds, procedures for cash disbursements, procedures for checkbook entries, period close procedures, and procedures for financial statement preparation.

	(2)	There are not effective policies and procedures in place to provide adequate, independent oversight over financial reporting, timely preparation, and review of accounting records, and there is a lack of segregation of duties.

	(1)	We have enhanced certain resources available within our accounting team. We hired a Chief Financial Officer of Lifted who is specifically responsible for overseeing the financial reporting processes of Lifted. We have also engaged a licensed, external certified public accountant who advises and assists us with various aspects of the financial reporting process, including at our direction, objectively reviewing work product significant to the closing of our financial statements.

	(2)	We have enhanced the use of specialist involvement in complex, non-routine, and technical areas of accounting, valuation, new accounting standards adoption, and tax matters. These specialists include the licensed, external certified public accountant referred to above, a global public accounting and tax firm, and a valuation firm.

	(3)	We are in the process of implementing tools to manage the structure of our financial closing processes. These tools include: (a) formalizing checklists designed to ensure accounting requirements and account reconciliations are completed and (b) formalizing required work instructions for completing and objectively reviewing financial closing work product, account reconciliations and analyses, which includes documenting preparer and reviewer responsibilities and signoffs.

	(4)	We are archiving, in an access-restricted retention domain, documentation critical to supporting our financial reporting, including financial closing work product, account reconciliations and analyses, supporting documents and agreements, accounting technical memoranda, and other documentation supporting complex, non-routine accounting and valuation matters. Starting with the April 2024 expense reports, all LFTD Partners and Lifted employee expense reports are also stored online in this access-restricted retention domain. We have made this documentation transparent and accessible to our registered public accounting firm, other advisers, and to our lead independent director, Mr. Vincent J. Mesolella.

	(5)	From time to time, we have engaged a third-party consulting firm with expertise in corporate governance, internal controls, risk management, and assurance. This firm has been engaged to assist management with remediating internal control deficiencies and designing and implementing controls over our financial processes and reporting.

	(6)	Providing copies of LFTD Partners’ and Lifted’s bank statements to Mr. Mesolella. Starting with LFTD Partners’ April 2024 bank statements, the LFTD Partners bank statements and bank reconciliations are stored online in an access-restricted retention domain, in the same location as where Lifted’s bank statements and bank reconciliations are stored. Previously, our Chief Financial Officer, WJacobs, emailed copies of LFTD Partners and Lifted’s bank statements to Mr. Mesolella monthly. WJacobs engages with Mr. Mesolella, as needed, to address any questions or concerns.

	(2)	On May 21, 2025, the Governor of Tennessee signed House Bill 1376, which significantly restricts the production and sale of hemp-derived products beginning in 2026, and which could materially adversely affect our sales of hemp-derived products in Tennessee and the trading price of our common stock;

	(3)	In Alabama, new regulations took effect on July 1, 2025, which are intended to curb or eliminate the sales of hemp-derived products in Alabama. These regulations could materially adversely affect our sales of hemp-derived products in Alabama and the trading price of our common stock;

	(4)	In Minnesota, new regulations take effect on January 1, 2026, which are intended to curb or eliminate the sales of hemp-derived products in Minnesota. These regulations could materially adversely affect our sales of hemp-derived products in Minnesota and the trading price of our common stock;

	(5)	Opponents of our industry are known to be lobbying for legislation in Texas and other states intended to prohibit or restrict sales of hemp-derived products, and if such legislation becomes law, it could materially adversely affect our sales of hemp-derived products in those jurisdictions and the trading price of our common stock; and

	(6)	The visibility and trading volume of our common stock are low, and any material increase in such visibility and trading volume is likely dependent upon our ability to list our common stock on a recognized stock exchange, but our ability to satisfy the listing requirements for a recognized stock exchange cannot be guaranteed or assured. A continued inability to satisfy the listing requirements for a recognized stock exchange could materially adversely affect the visibility, trading volume, and trading price of our common stock.

10.53		Compensation Agreement between Acquired Sales Corp., Gerard M. Jacobs and William C. "Jake" Jacobs dated as of June 19, 2019
10.58		Lease Agreement - 5511 95th Avenue, Kenosha, WI 53144
10.61		Lease Agreement - 8920 58th Place, Suite 850, Kenosha, WI 53144
10.62		Lease Agreement - 8910 58th Place, Suites 600 and 700, Kenosha, WI 53144
10.67		Omnibus Agreement dated December 30, 2021 between LFTD Partners Inc. Nicholas S. Warrender, 95th Holdings, LLC, Gerard M. Jacobs and William C. “Jake” Jacobs
10.68		Amended Omnibus Agreement dated February 14, 2022 between LFTD Partners Inc. Nicholas S. Warrender, Gerard M. Jacobs and William C. “Jake” Jacobs
10.69		Lease Agreement - 9560 58th Place, Suite 360, Kenosha, WI 53144
10.70		Acceleration Agreement
10.71		Commercial Sublease – 2701-09 West Fulton PH, Chicago, IL 60612
10.72		Lease Agreement - 5732 95th Ave, Suites 200 and 300, Kenosha, WI 53144
10.72.1		Manufacturing, Sales and Marketing Agreement – Cali Sweets, LLC
10.73		Manufacturing, Sales and Marketing Agreement – Diamond Supply Co.
10.74		Agreement and Plan of Merger - Oculus CHS Management Corp.
10.75		Hagan Sanchez Employment Agreement
10.76		Chase Sanchez Employment Agreement
10.77		Assignment and Assumption of Lease and Landlord Consent and Lease Agreement – Aztec New Mexico
10.78		Manufacturing, Sales and Marketing Agreement – DreamFields Brands Inc. d/b/a Jeeter
10.79		Finders Agreement – Florence Mirsky
10.80		Credit Agreement
10.81		Promissory Note ($3,000,000 Loan)
10.82		Security Agreement
10.83		Collateral Assignment Agreement
10.84		Pledge Agreement

10.85		Business Loan Agreement
10.86		Promissory Note ($910,000 Loan)
10.87		Mortgage
10.88		Assignment of Rents, Leases, and Security Deposits
10.89		Lease of 789 Tech Center Drive, Unit C, Durango, Colorado 81301
10.90		Second Amendment to Lease of 8910 58th Place, Suites 600 and 700, Kenosha, Wisconsin 53144
10.91		Jeeter Termination Agreement
10.65		Letter of Intent – TMD Ventures, LLC
10.66		Letter of Intent – Sustainable Growers, LLC, Buckbee Seed Co
10.67		Letter of Intent – Sustainable Properties, LLC – Real Property Purchase
10.68		Letter of Intent – Sustainable Innovations Inc. (SI) and certain subsidiaries
10.69		Letter of Intent – Boards of Directors and Executives
99.1		Letter from LFTD Partners Inc. dated April 11, 2025, terminating Letters of Intent with Sustainable parties.

31.1		Certification of principal executive officer pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934, as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2		Certification of principal accounting officer pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934, as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1		Certification of principal executive officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2		Certification of principal financial officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
99.1		Press Release dated November 17, 2025
101.INS		XBRL Instance Document
101.PRE		XBRL Taxonomy Extension Presentation Linkbase Document.
101.LAB		XBRL Taxonomy Extension Label Linkbase Document.
101.DEF		XBRL Taxonomy Extension Definition Linkbase Document.
101.CAL		XBRL Taxonomy Extension Calculation Linkbase Document.
101.SCH		XBRL Taxonomy Extension Schema Document.

	LFTD Partners Inc.

Dated: November 14, 2025	By:	/s/ Gerard M. Jacobs
		Gerard M. Jacobs
		Chief Executive Officer

1.	I have reviewed this Quarterly Report on Form 10-Q of LFTD Partners Inc.;

2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.	I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and I have: