LIFD · Lftd Partners Inc.
$0.10
At close · Aug 24
View the 10-Q filed May 15, 2026
Going-concern doubt
— flagged Aug 14, 2026
Substantial doubt about the company's ability to continue as a going concern.
“These conditions raise substantial doubt about the Company's ability to continue as a going concern for the twelve months following the issuance of these financial statements. Management has implemented, and continues to evaluate, several initiatives intended to preserve liquidity, reduce operating costs, monetize assets, and diversify the Company's operations; however, there can be no assurance that these initiatives will be completed successfully or will be sufficient to alleviate the substantial doubt regarding the Company's ability to continue as a going concern”View the 10-Q filed Aug 14, 2026
Customer concentration
— top 2 customers 10% of receivables
2 customers — 10% of receivables (the quarters ended March 31, 2026 and 2025)
“During each of the quarters ended March 31, 2026 and 2025, two customers represented more than 10% of gross accounts receivable.”
Market Cap
$1.48M
Shares
14.82M
Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.
Fiscal 2023
| Executive | Role | Total |
|---|---|---|
| Nicholas S. Warrender | Chief Operating Officer | $500,000 |
| Gerard M. Jacobs | Chief Executive Officer and Chair of the Board William C “Jake” Jacobs | $250,000 |
Fiscal 2022
| Executive | Role | Total |
|---|---|---|
| Nicholas S. Warrender | Chief Operating Officer | $1,093,782 |
| Gerard M. Jacobs | Chief Executive Officer and Chair of the Board William C “Jake” Jacobs | $1,008,470 |
Executive changes
| Person | Role | Change | Filed |
|---|---|---|---|
| Richard (“Rich”) Morrissy | Board of Directors | Resigned | 2026-06-17 |
| William C. "Jake" Jacobs, CPA | member of LFTD Partners Inc.'s nine-member Board of Directors | Appointed | 2024-12-31 |
| Sharial Howard | ninth member of LFTD Partners Inc.'s nine-member Board of Directors | Appointed | 2024-08-26 |
| Michael D. McCaffrey | Board of Directors | Resigned | 2020-10-13 |
| Thomas W. Hines | director | Terminated | 2020-09-09 |
| Robert T. Warrender, II | Board of Directors | Appointed | 2020-09-09 |
| Kevin J. Rocio | Board of Directors | Appointed | 2020-02-25 |
| Nicholas S. Warrender | Chief Operating Officer | Appointed | 2020-02-25 |
| Nicholas S. Warrender | Vice Chairman of the Board | Appointed | 2020-02-25 |
| Nicholas S. Warrender | Board of Directors | Appointed | 2020-02-25 |