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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
CONSOLIDATED STATEMENTS OF OPERATIONS      
Net Sales $ 57,416,535 $ 31,656,932 $ 5,344,320
Cost of Goods Sold 36,423,246 15,715,759 3,407,430
Gross Profit 20,993,289 15,941,173 1,936,890
Operating Expenses:      
Payroll and Independent Contractor Expenses 6,423,584 3,621,624 809,966
Stock Compensation Expense 0 0 1,393,648
Company-Wide Management Bonus Pool 233,336 1,559,334 0
Management Bonuses 500,000 650,000 350,000
Professional Fees 888,609 499,752 374,489
Bank Charges and Merchant Fees 477,718 392,757 48,814
Advertising and Marketing 662,494 337,044 115,102
Bad Debt Expense 78,457 380,621 124,802
Depreciation and Amortization 32,155 90,147 16,385
Other Operating Expenses 1,884,209 629,012 222,052
Total Operating Expenses 11,180,562 8,160,290 3,455,258
Income/(Loss) From Operations 9,812,727 7,780,883 (1,518,368)
Other Income/(Expenses)      
Loss From 50% membership interest in SmplyLifted LLC (FR3SH) 0 (195,571) (4,429)
Impairment of Investment in SmplyLifted 0 (388,727) 0
Income from SmplyLifted for WCJ Labor 0 2,298 0
Loss on Lease Modification 0 (1,445) 0
Interest Expense (120,197) (142,427) (65,186)
Dividend Income 0 2,495 2,495
Warehouse Buildout Credits 0 1,200 1,600
Penalties (8,106) (8,046) 0
Gain on Forgiveness of Debt 5,026 151,668 91,272
Refund of Merchant Account Fees 0 0 34,429
Settlement Income 478,617 0 12,500
Settlement Costs 0 0 (97,000)
Loss on Disposal of Fixed Assets (185,195) (4,750) 0
Loss on Deposits 0 (31,600) 0
Interest Income 11,110 1,365 8,098
Total Other Income/(Expenses) 181,255 (613,539) (16,221)
Income/(Loss) Before Provision for Income Taxes 9,993,982 7,167,344 (1,534,589)
Provision for Income Taxes (2,797,655) (1,367,362) 0
Net Income/(Loss) Attributable to LFTD Partners Inc. common stockholders $ 7,196,327 $ 5,799,982 $ (1,534,589)
Basic Net Income/(Loss) per Common Share $ 0.51 $ 0.50 $ (0.29)
Diluted Net Income/(Loss) per Common Share $ 0.45 $ 0.43 $ (0.29)
Weighted average number of common shares outstanding:      
Basic 14,080,729 11,402,639 5,927,480
Diluted 15,862,927 13,359,837 5,927,480