2024 Q4 Form 10-Q Financial Statement

#000109690624002150 Filed on November 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $8.692M
YoY Change -33.68%
Cost Of Revenue $4.934M
YoY Change -43.19%
Gross Profit $3.758M
YoY Change -15.02%
Gross Profit Margin 43.24%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $3.899M
YoY Change 3.62%
Operating Profit -$140.7K
YoY Change -121.33%
Interest Expense $88.29K
YoY Change 268.1%
% of Operating Profit
Other Income/Expense, Net -$48.38K
YoY Change -39.87%
Pretax Income -$189.1K
YoY Change -132.65%
Income Tax -$5.315K
% Of Pretax Income
Net Earnings -$194.4K
YoY Change -131.47%
Net Earnings / Revenue -2.24%
Basic Earnings Per Share -$0.01
Diluted Earnings Per Share -$0.01
COMMON SHARES
Basic Shares Outstanding 14.82M shares 14.82M shares
Diluted Shares Outstanding 14.82M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $3.175M
Short-Term Investments
Other Short-Term Assets $303.2K
YoY Change
Inventory $9.749M
Prepaid Expenses $1.054M
Receivables $2.265M
Other Receivables
Total Short-Term Assets $17.45M
YoY Change -7.56%
LONG-TERM ASSETS
Property, Plant & Equipment $2.844M
YoY Change 55.05%
Goodwill $23.09M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $30.59M
YoY Change 6.01%
TOTAL ASSETS
Total Short-Term Assets $17.45M
Total Long-Term Assets $30.59M
Total Assets $48.04M
YoY Change 0.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $6.598M
YoY Change -19.51%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $3.931M
YoY Change 435.74%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.598M
Total Long-Term Liabilities $3.931M
Total Liabilities $10.53M
YoY Change 17.9%
SHAREHOLDERS EQUITY
Retained Earnings -$3.965M
YoY Change 87.32%
Common Stock $14.82K
YoY Change 0.11%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $37.51M
YoY Change
Total Liabilities & Shareholders Equity $48.04M
YoY Change 0.64%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income -$194.4K
YoY Change -131.47%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2023Q3 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
184432 usd
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
837462 usd
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
663181 usd
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em><strong>Reclassifications</strong></em> – Some items from the prior period have been reclassified within the financial statements to conform with the current presentation.</p>
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
375417 usd
CY2024Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
920928 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
593531 usd
CY2024Q3 lsfp Operating Lease Right Of Use Asset Accumulated Amortization
OperatingLeaseRightOfUseAssetAccumulatedAmortization
172061 usd
CY2023Q4 lsfp Operating Lease Right Of Use Asset Accumulated Amortization
OperatingLeaseRightOfUseAssetAccumulatedAmortization
266837 usd
CY2024Q3 lsfp Minimum Earnout Consideration In Cash
MinimumEarnoutConsiderationInCash
200000 usd
CY2024Q3 lsfp Minimum Earnout Consideration In Kind
MinimumEarnoutConsiderationInKind
800000 usd
CY2024Q3 lsfp Minimum Earnout Consideration In Shares
MinimumEarnoutConsiderationInShares
160000 shares
CY2024Q3 lsfp Minimum Earnout Consideration Per Share Amount
MinimumEarnoutConsiderationPerShareAmount
5.00
CY2024Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2024Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2024Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2024Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
14822678 shares
CY2024Q3 lsfp Working Capital Loan
WorkingCapitalLoan
2637175 usd
CY2023Q4 lsfp Working Capital Loan
WorkingCapitalLoan
3000000 usd
CY2024Q3 lsfp Business Loan Current
BusinessLoanCurrent
890093 usd
CY2023Q4 lsfp Business Loan Current
BusinessLoanCurrent
910000 usd
CY2024Q3 us-gaap Principal Amount Outstanding On Loans Securitized
PrincipalAmountOutstandingOnLoansSecuritized
3527268 usd
CY2023Q4 us-gaap Principal Amount Outstanding On Loans Securitized
PrincipalAmountOutstandingOnLoansSecuritized
3910000 usd
CY2024Q3 us-gaap Financing Receivable Unamortized Loan Fee Cost
FinancingReceivableUnamortizedLoanFeeCost
46801 usd
CY2023Q4 us-gaap Financing Receivable Unamortized Loan Fee Cost
FinancingReceivableUnamortizedLoanFeeCost
55149 usd
CY2024Q3 us-gaap Senior Notes Current
SeniorNotesCurrent
545897 usd
CY2023Q4 us-gaap Senior Notes Current
SeniorNotesCurrent
506061 usd
CY2024Q3 lsfp Non Current Portion Of Surety Bank Notes
NonCurrentPortionOfSuretyBankNotes
2934570 usd
CY2023Q4 lsfp Non Current Portion Of Surety Bank Notes
NonCurrentPortionOfSuretyBankNotes
3348790 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
219235 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
876939 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
876939 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
876939 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
1618429 usd
CY2024Q3 lsfp Long Term Debt Maturities Repayments Of Principal Therafter
LongTermDebtMaturitiesRepaymentsOfPrincipalTherafter
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CY2024Q3 lsfp Total Longtermdebtmaturitiesprincipalamount
TotalLongtermdebtmaturitiesprincipalamount
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CY2024Q3 lsfp Totallongtermdebtmaturitiesprincipalamountinterest Portion
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CY2024Q3 us-gaap Principal Amount Outstanding On Loans Securitized
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3527268 usd
lsfp Unregistered Common Shares
UnregisteredCommonShares
100 shares
CY2024Q2 us-gaap Noncash Merger Related Costs
NoncashMergerRelatedCosts
200000 usd
CY2024Q2 lsfp Unregistered Shares Issue Of Common Stock
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160000 shares
CY2024Q3 lsfp Cash Used To Pay Off Oculus Liabilties
CashUsedToPayOffOculusLiabilties
368488 usd
CY2024Q3 lsfp Installment Of Merger Consideration
InstallmentOfMergerConsideration
209 usd
CY2024Q3 lsfp Value Of Minimum Consideration To Be Paid In Shares Of Common Stock
ValueOfMinimumConsiderationToBePaidInSharesOfCommonStock
800000 usd
CY2024Q3 us-gaap Contractual Obligation
ContractualObligation
1368697 usd
CY2024Q3 lsfp Acquired Cash
AcquiredCash
26420 usd
CY2024Q3 lsfp Accounts Receivable Acquired
AccountsReceivableAcquired
60528 usd
CY2024Q3 lsfp Inventory Acquired Net
InventoryAcquiredNet
147431 usd
CY2024Q3 lsfp Fixed Assets Acquired
FixedAssetsAcquired
329559 usd
CY2024Q3 lsfp Security And Utility Deposits Acquired
SecurityAndUtilityDepositsAcquired
4732 usd
CY2024Q3 lsfp Goodwill Acquired
GoodwillAcquired
800027 usd
CY2024Q3 lsfp Current Assets Acquired
CurrentAssetsAcquired
1368697 usd
CY2024Q3 lsfp Total Liabilities Assumed Acquired
TotalLiabilitiesAssumedAcquired
0 usd
CY2024Q3 lsfp Assets Acquired
AssetsAcquired
1368697 usd
us-gaap Use Of Estimates
UseOfEstimates
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em><strong>Use of Estimates</strong></em> – The preparation of financial statements in conformity with US GAAP typically requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. Actual results and outcomes may differ from management’s estimates and assumptions. Key estimates in these financial statements include, but are not limited to, the allowance for doubtful accounts, sales allowance, estimated useful lives of property, plant and equipment, valuation allowance on deferred income tax assets, and the fair value of stock options and warrants.</p>
CY2024Q3 us-gaap Deposits
Deposits
1000000 usd
lsfp Findersfees
Findersfees
0.20 pure
CY2024Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
2265047 usd
CY2024Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2619076 usd
CY2023Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
3586176 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
375417 usd
CY2024Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
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CY2023Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
4962652 usd
CY2024Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
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CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
5212015 usd
CY2024Q3 us-gaap Inventory Net
InventoryNet
9748937 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
10174667 usd
CY2024Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
395761 usd
CY2023Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
338582 usd
lsfp Description Of Agreement For The Forgiveness Of Payables
DescriptionOfAgreementForTheForgivenessOfPayables
Lifted was able to reach an agreement for the forgiveness of $630,000 of payables owed to its third-party disposable vape device manufacturer. The agreement also includes credits to Lifted against future purchases from the device manufacturer totaling $370,047. The credit is to be provided by the manufacturer at the rate of $46,255.87 per quarter beginning with the first quarter of 2023 and continuing for the next six consecutive quarters, with a final quarterly credit of $46,255.91 for the fourth quarter of 2024
CY2022Q4 lsfp Accrued Liabilities And Cost Of Good Sold
AccruedLiabilitiesAndCostOfGoodSold
485496 usd
CY2022Q4 lsfp Amount Booked For Assets
AmountBookedForAssets
370047 usd
lsfp Other Income Amortized Amount Per Quarter
OtherIncomeAmortizedAmountPerQuarter
46256 usd
lsfp Other Income Amortized Amount Per Quarter Fourth
OtherIncomeAmortizedAmountPerQuarterFourth
46255 usd
lsfp Business Of Description
BusinessOfDescription
based on an analysis of credits applied to the vape device manufacturer bills in 2023, Lifted received $33,427 more credits than was expected/agreed to per the agreement ($185,024 per year for 2023 and 2024); as such, Lifted’s revised credit going into 2024 was $151,597, and this was to be amortized quarterly at the rate of $37,899 per quarter
CY2024Q3 lsfp Spoiled And Written Off Inventories
SpoiledAndWrittenOffInventories
329977 usd
CY2023Q3 lsfp Spoiled And Written Off Inventories
SpoiledAndWrittenOffInventories
597098 usd
lsfp Spoiled And Written Off Inventories
SpoiledAndWrittenOffInventories
1379982 usd
lsfp Spoiled And Written Off Inventories
SpoiledAndWrittenOffInventories
771355 usd
CY2024Q3 lsfp Fixed Assets Capitalized Gross
FixedAssetsCapitalizedGross
2500 usd
CY2024Q3 lsfp Costof Fixed Assets
CostofFixedAssets
2500 usd
us-gaap Financing Receivable Sale
FinancingReceivableSale
103516 usd
CY2023 us-gaap Financing Receivable Sale
FinancingReceivableSale
635098 usd
CY2024Q3 us-gaap Revenues
Revenues
8691675 usd
CY2024Q3 lsfp Revenue Percentage
RevenuePercentage
1 pure
CY2023Q3 us-gaap Revenues
Revenues
13106280 usd
CY2023Q3 lsfp Revenue Percentage
RevenuePercentage
1 pure
us-gaap Revenues
Revenues
28845623 usd
lsfp Revenue Percentage
RevenuePercentage
1 pure
us-gaap Revenues
Revenues
38090615 usd
lsfp Revenue Percentage
RevenuePercentage
1 pure
CY2024Q3 us-gaap Revenues
Revenues
8691675 usd
CY2024Q3 lsfp Revenue Percentage
RevenuePercentage
1 pure
CY2023Q3 us-gaap Revenues
Revenues
13106280 usd
CY2023Q3 lsfp Revenue Percentage
RevenuePercentage
1 pure
us-gaap Revenues
Revenues
28845623 usd
lsfp Revenue Percentage
RevenuePercentage
1 pure
us-gaap Revenues
Revenues
38090615 usd
lsfp Revenue Percentage
RevenuePercentage
1 pure
CY2024Q3 us-gaap Revenues
Revenues
8691675 usd
CY2024Q3 lsfp Revenue Percentage
RevenuePercentage
1 pure
CY2023Q3 us-gaap Revenues
Revenues
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us-gaap Revenues
Revenues
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lsfp Revenue Percentage
RevenuePercentage
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us-gaap Revenues
Revenues
38090615 usd
lsfp Revenue Percentage
RevenuePercentage
1 pure
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Revenues
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CY2024Q3 lsfp Revenue Percentage
RevenuePercentage
1 pure
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Revenues
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CY2023Q3 lsfp Revenue Percentage
RevenuePercentage
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us-gaap Revenues
Revenues
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lsfp Revenue Percentage
RevenuePercentage
1 pure
us-gaap Revenues
Revenues
38090615 usd
lsfp Revenue Percentage
RevenuePercentage
1 pure
CY2023Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
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CY2024Q3 lsfp Contract Assets Invoiced But Unfulfilled Performance Obligations
ContractAssetsInvoicedButUnfulfilledPerformanceObligations
552840 usd
CY2023Q4 lsfp Contract Assets Invoiced But Unfulfilled Performance Obligations
ContractAssetsInvoicedButUnfulfilledPerformanceObligations
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CY2024Q3 lsfp Deposits From Customers For Unfulfilled Orders
DepositsFromCustomersForUnfulfilledOrders
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CY2023Q4 lsfp Deposits From Customers For Unfulfilled Orders
DepositsFromCustomersForUnfulfilledOrders
104586 usd
CY2024Q3 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
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CY2023Q4 us-gaap Deferred Revenue Current
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CY2024Q3 us-gaap Cost Of Goods And Services Sold
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us-gaap Cost Of Goods And Services Sold
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CY2024Q3 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
3898598 usd
CY2023Q3 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
3762464 usd
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
11541958 usd
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
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lsfp Stock Compensation Operating Expense Non Cash
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2138175 usd
us-gaap Other Noncash Expense
OtherNoncashExpense
1663163 usd
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645000 shares
lsfp Earnings Per Shares Basic
EarningsPerSharesBasic
0.26
lsfp Earnings Per Shares Basic
EarningsPerSharesBasic
0.25
lsfp Bad Debt Expense During Period
BadDebtExpenseDuringPeriod
2304898 usd
lsfp Bad Debt Expense During Period
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138565 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
-194399 usd
CY2023Q3 us-gaap Net Income Loss
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617648 usd
us-gaap Net Income Loss
NetIncomeLoss
-1858615 usd
us-gaap Net Income Loss
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CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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14822678 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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lsfp Finite Lived Intangible Assets Useful Life
FiniteLivedIntangibleAssetsUsefulLife
P32M
us-gaap Sublease Income
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3000 usd
us-gaap Preferred Stock Dividend Rate Percentage
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P0Y7M6D
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CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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3.97
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P0Y4M6D
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0 usd
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3.97
lsfp Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term
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P0Y4M6D
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0 usd
CY2023Q1 us-gaap Stock Repurchased During Period Shares
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15000 shares
CY2024Q3 lsfp Common Stock Share Outstanding
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3900455 shares
CY2021Q1 lsfp Rented Space
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11238 sqft
CY2021Q1 lsfp Premises Rent Per Square
PremisesRentPerSquare
6.13
CY2021Q1 lsfp Base Rent Amount
BaseRentAmount
68888 usd
CY2021Q1 lsfp Increase In Base Rent Percentage
IncreaseInBaseRentPercentage
0.02 pure
lsfp Schedule Of Permises Base Monthly Rent Payment Next Twelve Months
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5740 usd
lsfp Schedule Of Permises Base Monthly Rent Payment Year One
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5855 usd
lsfp Schedule Of Permises Base Monthly Rent Payment Year Two
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lsfp Schedule Of Permises Base Monthly Rent Payment Year Three
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lsfp Schedule Of Permises Base Monthly Rent Payment Year Four
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6213 usd
CY2022Q4 us-gaap Purchase Obligation
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1446 usd
lsfp Lease Period Term Of Agreement
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P39Y
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1375000 usd
CY2021Q4 lsfp Rented Space
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5000 sqft
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5.75
CY2022Q1 lsfp Rented Space
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8000 sqft
CY2022Q1 lsfp Premises Rent Per Square
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6.00
CY2022Q2 lsfp Rented Space
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6132 sqft
CY2022Q2 lsfp Premises Rent Per Square
PremisesRentPerSquare
10.75
CY2022Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
3000 usd
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
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1174019 usd
CY2024Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
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LFTD PARTNERS INC.
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CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
-194399 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
617648 usd
us-gaap Net Income Loss
NetIncomeLoss
-1858615 usd
us-gaap Net Income Loss
NetIncomeLoss
2135367 usd
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.13
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.15
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.13
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.14
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14822678 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14648874 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14795977 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14470895 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14822678 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15356374 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14795977 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15178395 shares
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
34537671 usd
CY2023Q1 us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
2138175 usd
CY2023Q1 lsfp Series A Preferred Stock Dividend Payable
SeriesAPreferredStockDividendPayable
-3329 usd
CY2023Q1 lsfp Series B Preferred Stock Dividend Payable
SeriesBPreferredStockDividendPayable
-1480 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-141742 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
36529296 usd
CY2023Q2 lsfp Series A Preferred Stock Dividend Payable
SeriesAPreferredStockDividendPayable
-3366 usd
CY2023Q2 lsfp Series B Preferred Stock Dividend Payable
SeriesBPreferredStockDividendPayable
-1497 usd
CY2023Q2 lsfp Issuance Of Shares Of Common Stock Pursuant To The Oculus Merger Agreement Amount
IssuanceOfSharesOfCommonStockPursuantToTheOculusMergerAgreementAmount
209 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
1659461 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
38184103 usd
CY2023Q3 lsfp Series A Preferred Stock Dividend Payable
SeriesAPreferredStockDividendPayable
-2466 usd
CY2023Q3 lsfp Series B Preferred Stock Dividend Payable
SeriesBPreferredStockDividendPayable
-1512 usd
CY2023Q3 lsfp Conversion Of Preferred Stock Amount
ConversionOfPreferredStockAmount
0 usd
CY2023Q3 lsfp Deferred Contingent Stock Recipient Amount
DeferredContingentStockRecipientAmount
0 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
617648 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
38797773 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
38818011 usd
CY2024Q1 lsfp Series A Preferred Stock Dividend Payable
SeriesAPreferredStockDividendPayable
-1862 usd
CY2024Q1 lsfp Series B Preferred Stock Dividend Payable
SeriesBPreferredStockDividendPayable
-1496 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-1141004 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
37673649 usd
CY2024Q2 lsfp Series A Preferred Stock Dividend Payable
SeriesAPreferredStockDividendPayable
-1858 usd
CY2024Q2 lsfp Series B Preferred Stock Dividend Payable
SeriesBPreferredStockDividendPayable
-1495 usd
CY2024Q2 lsfp Common Stock Buybacks And Immediate Cancellationsamount
CommonStockBuybacksAndImmediateCancellationsamount
-240240 usd
CY2024Q2 lsfp Payment Of The Stock Component Of The Second Installmentamount
PaymentOfTheStockComponentOfTheSecondInstallmentamount
800000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-523212 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
37706844 usd
CY2024Q3 lsfp Series A Preferred Stock Dividend Payable
SeriesAPreferredStockDividendPayable
-1889 usd
CY2024Q3 lsfp Series B Preferred Stock Dividend Payable
SeriesBPreferredStockDividendPayable
-1499 usd
CY2024Q3 lsfp Excise Taxes Payable On Common Stock Buybacks
ExciseTaxesPayableOnCommonStockBuybacks
-2402 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
-194399 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
37506655 usd
us-gaap Profit Loss
ProfitLoss
1858615 usd
us-gaap Profit Loss
ProfitLoss
-2135367 usd
us-gaap Dividends Sharebased Compensation Stock
DividendsSharebasedCompensationStock
0 usd
us-gaap Dividends Sharebased Compensation Stock
DividendsSharebasedCompensationStock
2138175 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2304898 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
138565 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
384279 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
295386 usd
us-gaap Litigation Settlement Gain
LitigationSettlementGain
10000 usd
us-gaap Litigation Settlement Gain
LitigationSettlementGain
0 usd
us-gaap Debtor Reorganization Items Debtor In Possession Facility Financing Costs
DebtorReorganizationItemsDebtorInPossessionFacilityFinancingCosts
8349 usd
us-gaap Debtor Reorganization Items Debtor In Possession Facility Financing Costs
DebtorReorganizationItemsDebtorInPossessionFacilityFinancingCosts
0 usd
lsfp Gain Loss On Lease Modification
GainLossOnLeaseModification
9622 usd
lsfp Gain Loss On Lease Modification
GainLossOnLeaseModification
0 usd
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-48291 usd
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
0 usd
lsfp Gain Loss On Jeeter Collab
GainLossOnJeeterCollab
-1349467 usd
lsfp Gain Loss On Jeeter Collab
GainLossOnJeeterCollab
0 usd
lsfp Gain Loss On Deposits
GainLossOnDeposits
-6121 usd
lsfp Gain Loss On Deposits
GainLossOnDeposits
0 usd
us-gaap Inventory Write Down
InventoryWriteDown
1379982 usd
us-gaap Inventory Write Down
InventoryWriteDown
771355 usd
lsfp Sales Allowance
SalesAllowance
531582 usd
lsfp Sales Allowance
SalesAllowance
603710 usd
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-550253 usd
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
319583 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
452187 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
792002 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-1229354 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-601986 usd
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
8235 usd
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
1024573 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2814031 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
4465159 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
322873 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-21956 usd
us-gaap Increase Decrease In Royalties Payable
IncreaseDecreaseInRoyaltiesPayable
-96964 usd
us-gaap Increase Decrease In Royalties Payable
IncreaseDecreaseInRoyaltiesPayable
629552 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1435759 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-281860 usd
us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
-5340 usd
us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
-509 usd
lsfp Increase Decrease In Change In Settlement Asset And Receivables
IncreaseDecreaseInChangeInSettlementAssetAndReceivables
-488490 usd
lsfp Increase Decrease In Change In Settlement Asset And Receivables
IncreaseDecreaseInChangeInSettlementAssetAndReceivables
-138768 usd
lsfp Increase Decrease In Right Of Use Asset
IncreaseDecreaseInRightOfUseAsset
-155565 usd
lsfp Increase Decrease In Right Of Use Asset
IncreaseDecreaseInRightOfUseAsset
-122138 usd
lsfp Increase Decrease In Finance And Operating Lease Liabilities
IncreaseDecreaseInFinanceAndOperatingLeaseLiabilities
-112837 usd
lsfp Increase Decrease In Finance And Operating Lease Liabilities
IncreaseDecreaseInFinanceAndOperatingLeaseLiabilities
-51060 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
786350 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
649042 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-67154 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
743001 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
200000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
342068 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
310763 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
747662 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
30152 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-480611 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1089730 usd
us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
382733 usd
us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
0 usd
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
11997 usd
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
19462 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
240240 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
0 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
53754 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-29285 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-634969 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-102501 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-1182734 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-449230 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5357539 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3530623 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4174805 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3081393 usd
us-gaap Interest Paid Net
InterestPaidNet
274396 usd
us-gaap Interest Paid Net
InterestPaidNet
72537 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
23244 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1342111 usd
lsfp Right Of Use Assets Acquired From Inception Of Operating Leases
RightOfUseAssetsAcquiredFromInceptionOfOperatingLeases
830297 usd
lsfp Right Of Use Assets Acquired From Inception Of Operating Leases
RightOfUseAssetsAcquiredFromInceptionOfOperatingLeases
296209 usd
lsfp Issuance Of Stock Component Of The Installment Of Merger Consideration
IssuanceOfStockComponentOfTheInstallmentOfMergerConsideration
800000 usd
lsfp Issuance Of Stock Component Of The Installment Of Merger Consideration
IssuanceOfStockComponentOfTheInstallmentOfMergerConsideration
0 usd
lsfp Conversion Of Series A And Series B Preferred Stock To Common Stock
ConversionOfSeriesAAndSeriesBPreferredStockToCommonStock
0 usd
lsfp Conversion Of Series A And Series B Preferred Stock To Common Stock
ConversionOfSeriesAAndSeriesBPreferredStockToCommonStock
200 usd
lsfp Cash And Cash Equivalent
CashAndCashEquivalent
3174805 usd
lsfp Cash And Cash Equivalent
CashAndCashEquivalent
3081393 usd
lsfp Restricted Cash Other
RestrictedCashOther
1000000 usd
lsfp Restricted Cash Other
RestrictedCashOther
0 usd
lsfp Total Cash Cash Equivalents And Restricted Cash At End Of Period
TotalCashCashEquivalentsAndRestrictedCashAtEndOfPeriod
4174805 usd
lsfp Total Cash Cash Equivalents And Restricted Cash At End Of Period
TotalCashCashEquivalentsAndRestrictedCashAtEndOfPeriod
3081393 usd
lsfp Scheduleofworkingcapitalandbusinessloanstable Textblock
ScheduleofworkingcapitalandbusinessloanstableTextblock
<table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: #000000 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>September 30, </strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>2024</strong></p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: #000000 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>December 31, </strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>2023</strong></p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Working Capital Loan</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">2,637,175</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">3,000,000</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Real Estate Loan</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:right;">890,093</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:right;">910,000</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 15px">Total principal amount</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">3,527,268</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">3,910,000</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Less: Unamortized debt financing costs</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">(46,801</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">(55,149</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Less: Current portion of Surety Bank notes</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:right;">(545,897</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:right;">(506,061</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Non-Current portion of Surety Bank notes</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: black 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: black 3px double;width:9%;vertical-align:bottom;text-align:right;">2,934,570</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: black 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: black 3px double;width:9%;vertical-align:bottom;text-align:right;">3,348,790</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr></tbody></table>
lsfp Scheduleof Payments Due On The Working Capitals Table Textblock
ScheduleofPaymentsDueOnTheWorkingCapitalsTableTextblock
<table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td colspan="4" style="vertical-align:bottom;"><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 0in"><em>Maturity Analysis as of September 30, 2024</em></p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;text-align:left;margin:0px 0px 0px 30px">2024</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">219,235</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;text-align:left;margin:0px 0px 0px 30px">2025</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">876,939</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;text-align:left;margin:0px 0px 0px 30px">2026</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">876,939</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;text-align:left;margin:0px 0px 0px 30px">2027</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">876,939</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;text-align:left;margin:0px 0px 0px 30px">2028</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1,618,429</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 0in">Thereafter</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 0in">Total</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">4,468,481</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 0in">Less: Interest portion</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:right;">(941,213</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 0in">Total principal amount</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: black 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: black 3px double;width:9%;vertical-align:bottom;text-align:right;">3,527,268</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr></tbody></table>
CY2024Q3 lsfp Value Of Minimum Consideration To Be Paid In Cash
ValueOfMinimumConsiderationToBePaidInCash
200000 usd
lsfp Description Of Agreement Term
DescriptionOfAgreementTerm
The term of the Agreement is eighteen (18) months from the effective date, renewable upon mutual written agreement of the Parties.
lsfp Description Of Commercial General Liability Insurance
DescriptionOfCommercialGeneralLiabilityInsurance
Such coverage shall include (1) Comprehensive Commercial General Liability (“GL”) Insurance with limits of $1,000,000 per occurrence and $2,000,000 in aggregate; (2) Worker’s Compensation Insurance in limits required by applicable law; and (3) Product Liability Insurance with minimum limits of $1,000,000 per occurrence and $2,000,000 in aggregate. GL and Product Liability policies shall name the other Party as an additionally insured party
CY2024Q3 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
CY2024Q3 us-gaap Restricted Cash
RestrictedCash
1000000 usd
lsfp Business Of Description
BusinessOfDescription
analysis of credits applied to vape device manufacturer bills through September 30, 2024, Lifted recognized credit amortization of $53,140 for the third quarter of 2024, and Lifted’s revised credit balance as of September 30, 2024 was $50,707
CY2023Q3 lsfp Revenue Percentage
RevenuePercentage
1 pure
us-gaap Revenue Recognition Deferred Revenue
RevenueRecognitionDeferredRevenue
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Amounts received from a customer before the purchased product is shipped to the customer are treated as deferred revenue. If cash is not received, an accounts receivable is recognized for the invoiced order, but revenue is not recognized until the order is fully shipped. Accounts receivable include amounts associated with partially shipped orders, for which the unshipped portion is a contract asset. Contract assets represent invoiced but unfulfilled performance obligations. </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">At September 30, 2024, total deferred revenue was $1,022,241, all of which is expected to be recognized as revenue in 2024. At December 31, 2023, total deferred revenue was $235,891, all of which was recognized as revenue in 2024. </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The table shown below represents the composition of deferred revenue between contract assets (invoiced but unfulfilled performance obligations) and deposits from customers from unfulfilled orders as of September 30, 2024 and December 31, 2023.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>September 30, </strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2024</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"><strong> </strong></p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"><strong> </strong></p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>December 31, </strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2023</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:left;"><strong>Contract Assets (invoiced but unfulfilled performance obligations)</strong></p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">552,840</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">131,304</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:left;"><strong>Deposits from customers for unfulfilled orders</strong></p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">469,400</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">104,586</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:left;"><strong>Total Deferred Revenue</strong></p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1,022,241</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">235,891</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr></tbody></table><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;">  </p>
us-gaap Interest And Debt Expense
InterestAndDebtExpense
864345 usd
lsfp Net Income Other Description
NetIncomeOtherDescription
one-time, non-cash charge reduced net income for the nine months ended September 30, 2023 from $3,798,530 to $2,135,367
CY2024Q3 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
470676 usd
CY2024Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-3965493 usd
us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.03 pure
CY2024Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3765356 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3589918 usd
CY2024Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
920928 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
593531 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2844428 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2996387 usd
CY2024Q3 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
58124 usd
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
156357 usd
CY2023Q3 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
44012 usd
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
118493 usd
CY2024Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
996620 usd
CY2022 lsfp Diluted Earnings Per Share
DilutedEarningsPerShare
0.56
lsfp Diluted Earnings Per Share
DilutedEarningsPerShare
0.42
lsfp Diluted Earnings Per Share
DilutedEarningsPerShare
0.56
lsfp Eliminated Accrual Bonus
EliminatedAccrualBonus
2121532 usd
CY2023Q1 lsfp Annual Bonus
AnnualBonus
466668 usd
lsfp Annual Bonus
AnnualBonus
466668 usd
CY2022Q4 lsfp Annual Bonus
AnnualBonus
466668 usd
CY2017Q4 lsfp Federal Dividends
FederalDividends
1 pure
CY2024Q3 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
13958 usd
CY2023Q3 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
86824 usd
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
13958 usd
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
460617 usd
CY2024Q3 us-gaap Interest Income Domestic Deposits
InterestIncomeDomesticDeposits
1051 usd
CY2023Q3 us-gaap Interest Income Domestic Deposits
InterestIncomeDomesticDeposits
358419 usd
us-gaap Interest Income Domestic Deposits
InterestIncomeDomesticDeposits
1051 usd
us-gaap Interest Income Domestic Deposits
InterestIncomeDomesticDeposits
142132 usd
CY2024Q3 lsfp Texas Franchise Tax
TexasFranchiseTax
-2929 usd
CY2023Q3 lsfp Texas Franchise Tax
TexasFranchiseTax
-140 usd
lsfp Texas Franchise Tax
TexasFranchiseTax
8081 usd
lsfp Texas Franchise Tax
TexasFranchiseTax
39853 usd
CY2024Q3 lsfp Foreign
Foreign
0 usd
CY2023Q3 lsfp Foreign
Foreign
0 usd
lsfp Foreign
Foreign
0 usd
lsfp Foreign
Foreign
0 usd
CY2024Q3 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
12080 usd
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CY2024Q3 lsfp Other
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CY2023Q3 lsfp Other
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