LFTD Partners (LIFD) 10-Q 11 May 22 2022 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2022	May 03, 2022
Cover [Abstract]
Entity Registrant Name	LFTD PARTNERS INC.
Entity Central Index Key	0001391135
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Mar. 31, 2022
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2022
Entity Common Stock Shares Outstanding		14,077,578
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	000-52102
Entity Incorporation State Country Code	NV
Entity Tax Identification Number	87-0479286
Entity Address Address Line 1	14155 Pine Island Drive
Entity Address City Or Town	Jacksonville
Entity Address State Or Province	FL
Entity Address Postal Zip Code	32224
City Area Code	847
Local Phone Number	915-2446
Security 12b Title	Common Stock, $0.001 par value
Trading Symbol	LIFD
Entity Interactive Data Current	Yes

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Current Assets
Cash And Cash Equivalents	$ 4,584,131	$ 1,602,731
Dividend Receivable From Bendistillery, Inc.	0	2,495
Prepaid Expenses	3,139,441	4,262,237
Accounts Receivable, Net Of Allowance Of $487,101 In 2022 And $239,101 In 2021	3,888,615	3,461,499
Inventory	5,920,475	3,809,944
Other Current Assets	11,911	13,790
Total Current Assets	17,544,574	13,152,696
Goodwill	22,292,767	22,292,767
Investment In Ablis	399,200	399,200
Investment In Bendistillery And Bend Spirits	1,497,000	1,497,000
Net Deferred Tax Asset	36,096	331,551
Fixed Assets, Less Accumulated Depreciation Of $106,067 In 2022 And $77,967 In 2021	459,351	433,213
Intangible Assets, Less Accumulated Amortization Of $3,405 In 2022 And $3,058 In 2021	1,040	1,386
Security And State Licensing Deposits	13,300	6,900
Finance Lease Right-of-use Asset, Net Of Right-of-use Asset Amortization Of $265,213 In 2022 And $252,876 In 2021	1,215,195	1,227,532
Operating Lease Right-of-use Asset, Net Of Right-of-use Asset Amortization Of $24,220 In 2022 And $6,807 In 2021	283,262	76,412
Total Assets	43,741,785	39,418,657
Current Liabilities
Finance Lease Liability	1,257,197	1,262,260
Operating Lease Liability Current	64,674	26,047
Deferred Revenue	879,706	2,174,393
Note Payable To Related Party Nicholas S. Warrender	916,666	0
Income Tax Payable	2,104,417	1,242,974
Management Bonus Payable - Related Party - Payable To William C. Jacobs	0	500,000
Management Bonus Payable - Related Party - Payable To Gerard M. Jacobs	0	441,562
Management Bonuses Payable - Related Party Current	0	941,562
Company-wide Management Bonus Pool	969,370	1,556,055
Accounts Payable And Accrued Expenses	5,162,757	4,671,382
Accounts Payable - Related Party	0	4,607
Interest Payable - Related Party
Interest - Payable To William C. Jacobs	0	4,000
Interest - Payable To Gerard M. Jacobs	0	9,269
Interest - Payable To Nicholas S. Warrender	16,575	0
Interest Payable - Related Party Current	16,575	13,269
Preferred Stock Dividends Payable
Series A Convertible Preferred Stock Dividends Payable	13,179	11,926
Series B Convertible Preferred Stock Dividends Payable	3,275	1,796
Preferred Stock Dividends Payable Current	16,455	13,722
Total Current Liabilities	11,387,817	11,906,270
Non-current Liabilities
Paycheck Protection Program Loan	0	0
Operating Lease Liability	219,766	50,583
Notes Payable - Related Party
Notes Payable - Payable To Nicholas S. Warrender	1,833,334	0
Total Non-current Liabilities	2,053,100	50,583
Total Liabilities	13,440,917	11,956,853
Commitments And Contingencies	0	0
Shareholders' Equity
Preferred Stock Value	46	46
Common Stock, $0.001 Par Value; 100,000,000 Shares Authorized; 13,977,578 Shares Issued And Outstanding At March 31, 2022, And 14,027,578 Shares Issued And Outstanding At December 31, 2021	13,978	14,028
Additional Paid-in Capital	38,762,383	38,862,333
Accumulated Deficit	(8,475,539)	(11,414,602)
Total Shareholders' Equity	30,300,868	27,461,804
Total Liabilities And Shareholders' Equity	$ 43,741,785	$ 39,418,657

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Accounts Receivable, Allowance	$ 487,101	$ 239,101
Accumulated Depreciation	106,067	77,967
Accumulated Amortization	3,405	3,058
Right-of-use Asset Amortization	265,213	252,876
Right-of-use Asset Amortization Operating Lease	$ 24,220	$ 6,807
Preferred Stock, Par Or Stated Value	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	10,000,000	10,000,000
Common Stock, Par Or Stated Value	$ 0.001	$ 0.001
Common Stock, Shares Authorized	100,000,000	100,000,000
Common Stock, Shares Issued	13,977,578	14,027,578
Common Stock, Shares Outstanding	13,977,578	14,027,578
Series A Convertible Preferred Stock
Preferred Stock, Par Or Stated Value	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	400,000	40,000
Preferred Stock, Shares Issued	5,750	5,750
Preferred Stock, Shares Outstanding	5,750	5,750
Series B Convertible Preferred Stock
Preferred Stock, Par Or Stated Value	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	5,000,000	5,000,000
Preferred Stock, Shares Issued	40,000	40,000
Preferred Stock, Shares Outstanding	40,000	40,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
CONSOLIDATED STATEMENTS OF OPERATIONS
Net Sales	$ 18,088,877	$ 3,353,270
Cost Of Goods Sold	10,103,893	1,707,523
Gross Profit	7,984,984	1,645,747
Operating Expenses:
Payroll, Consulting And Independent Contractor Expenses	1,854,151	307,524
Accrual For Company-wide Management Bonus Pool	969,370	342,947
Professional Fees	117,226	93,033
Bank Charges And Merchant Fees	133,036	66,570
Advertising And Marketing	105,601	52,027
Bad Debt Expense	248,000	977
Depreciation And Amortization	2,703	41,783
Other Operating Expenses	382,462	80,393
Total Operating Expenses	3,812,549	985,254
Income From Operations	4,172,436	660,493
Other Income/(expenses)
Income/(loss) From 50% Membership Interest In Smplylifted Llc (fr3sh)	0	(7,211)
Income From Smplylifted For Wcj Labor	0	1,072
Interest Expense	(31,731)	(36,347)
Warehouse Buildout Credits	0	600
Penalties	(1,952)	(450)
Gain On Forgiveness Of Debt	5,026	0
Interest Income	491	202
Total Other Income/(expenses)	(28,165)	(42,134)
Income Before Provision For Income Taxes	4,144,270	618,359
Provision For Income Taxes	(1,199,478)	0
Net Income Attributable To Lftd Partners Inc. Common Stockholders	$ 2,944,793	$ 618,359
Basic Net Income Per Common Share	$ 0.21	$ 0.08
Diluted Net Income Per Common Share	$ 0.18	$ 0.04
Weighted Average Number Of Common Shares Outstanding:
Basic	14,017,578	7,456,925
Diluted	15,924,776	16,084,794

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (DEFICIT) - USD ($)	Total	Preferred Stock	Common Stock	Treasury Stock	Additional Paid-In Capital	Accumulated Deficit
Balance, Shares at Dec. 31, 2020		166,150	6,485,236	36,000
Balance, Amount at Dec. 31, 2020	$ 21,618,720	$ 166	$ 6,485	$ (34,200)	$ 38,787,444	$ (17,141,175)
Series A Preferred Stock Dividend Payable	(24,855)					(24,855)
Series B Preferred Stock Dividend Payable	(3,316)					(3,316)
Lifd's January 8, 2021 Purchase Of 36,000 Shares Of Common Stock At $0.95 Per Share, For A Total Of $34,200, From An Unrelated Shareholder, Shares				36,000
Lifd's January 8, 2021 Purchase Of 36,000 Shares Of Common Stock At $0.95 Per Share, For A Total Of $34,200, From An Unrelated Shareholder, Amount	(34,200)			$ (34,200)
Conversions Of Series A Convertible Preferred Stock To Common Stock, Shares		(32,900)	3,290,000
Conversions Of Series A Convertible Preferred Stock To Common Stock, Amount	0	$ (33)	$ 3,290		(3,257)
Conversions Of Series B Convertible Preferred Stock To Common Stock, Shares		(60,000)	60,000
Conversions Of Series B Convertible Preferred Stock To Common Stock, Amount	0	$ (60)	$ 60
Net Income	618,359					618,359
Balance, Shares at Mar. 31, 2021		73,250	9,835,236	72,000
Balance, Amount at Mar. 31, 2021	22,174,708	$ 73	$ 9,835	$ (68,400)	38,784,187	(16,550,988)
Balance, Shares at Dec. 31, 2021		45,750	14,027,576
Balance, Amount at Dec. 31, 2021	27,461,804	$ 46	$ 14,028	0	38,862,333	(11,414,602)
Series A Preferred Stock Dividend Payable	(4,253)					(4,253)
Series B Preferred Stock Dividend Payable	(1,476)					(1,476)
Net Income	2,944,793					2,944,793
Issuance Of Common Stock, Shares			50,000
Issuance Of Common Stock, Amount	50,000		$ 50		49,950
Repurchase And Cancellation Of Common Stock, Shares			(100,000)
Repurchase And Cancellation Of Common Stock, Amount	(150,000)		$ (100)		(149,900)
Balance, Shares at Mar. 31, 2022		45,750	13,977,576
Balance, Amount at Mar. 31, 2022	$ 30,300,868	$ 46	$ 13,978	$ 0	$ 38,762,383	$ (8,475,539)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
CONSOLIDATED STATEMENTS OF CASH FLOWS
Net Income	$ 2,944,793	$ 618,359
Adjustments To Reconcile Net Income (loss) To Net Cash Provided By (used In) Operating Activities:
Lifted Made's Portion Of Smplylifted's Net Loss	0	7,211
Bad Debt Expense	248,000	977
Depreciation And Amortization	28,446	41,783
Gain On Forgiveness Of Debt	(5,026)	0
Spoiled And Written Off Inventory	561,417	38,651
Deferred Income Taxes	295,455	0
Effect On Cash Of Changes In Operating Assets And Liabilities
Accounts Receivable	(675,116)	(351,972)
Prepaid Expenses	1,122,795	38,538
Dividend Receivable From Bendistillery, Inc.	2,495	2,495
Income Tax Receivable	0	2,715
Income Tax Payable	861,444	0
Management Bonuses Payable	(941,562)	0
Company-wide Management Bonus Pool	(586,684)	0
Inventory	(2,671,948)	(503,838)
Other Current Assets	(4,518)	(3,091)
Trade Accounts Payable And Accrued Expenses	496,401	562,610
Accounts Payable And Interest Payable To Related Parties	(1,301)	31,663
Change In Rou Asset	12,337	0
Change In Finance & Operating Lease Liabilities	1,551	4,438
Deferred Revenue	(1,294,687)	278,355
Net Cash Provided By (used In) Operating Activities	394,292	768,894
Cash Flows From Investing Activities
Reduction Of Cbd Lion Note Receivable	0	15,318
Net Purchase Of Fixed Assets	(54,238)	(151,304)
Loans To Smplylifted Llc	0	(93,750)
Net Cash Used In Investing Activities	(54,238)	(229,736)
Cash Flows From Financing Activities
Issuance Of Common Stock	50,000	0
Payments Of Dividends To Series A Convertible Preferred Stockholders	(3,000)	(99,725)
Payments Of Dividends To Series B Convertible Preferred Stockholders	0	(5,844)
Financing Cost - Proceeds From Borrowing Under Notes Payable To Related Party - Nick Warrender	2,750,000	0
Purchase Of Shares Of Common Shares	(150,000)	(34,200)
Repayment Of Finance Lease Liability	(5,655)	(8,378)
Net Cash Provided By (used In) Financing Activities	2,641,345	(148,147)
Net Increase/(decrease) In Cash	2,981,399	391,011
Cash And Cash Equivalents At Beginning Of Period	1,602,731	439,080
Cash And Cash Equivalents At End Of Period	4,584,131	830,091
Supplemental Cash Flow Information
Cash Paid For Interest	28,424	0
Cash Paid For Income Taxes	0	0
Non-cash Activities:
Right-of-use Assets Acquired From Inception Of Finance Leases	0	1,480,408
Right-of-use Assets Acquired From Inception Of Operating Leases	224,264
Conversion Of Series A And Series B Preferred Stock To Common Stock	$ 0	$ 3,257

DESCRIPTION OF THE BUSINESS OF

DESCRIPTION OF THE BUSINESS OF LFTD PARTNERS INC.	3 Months Ended
	Mar. 31, 2022
DESCRIPTION OF THE BUSINESS OF LFTD PARTNERS INC.
Description Of The Business Of Lftd Partners Inc.	NOTE 1 – DESCRIPTION OF THE BUSINESS OF LFTD PARTNERS INC. Description of the Business of LFTD Partners Inc. – On May 18, 2021, the Company amended its articles of incorporation with the State of Nevada to change its name to LFTD Partners Inc. from Acquired Sales Corp. In connection with the name change to LFTD Partners Inc., the Company filed a required notification with the Financial Industry Regulatory Authority, Inc. (“FINRA”), a self-regulatory organization that is involved with the coordination of the clearing, settling and processing of transactions in equity securities, including our common stock. The Company’s name change notification to FINRA included a request for a new stock trading symbol, LSFP, from AQSP, which was granted. On March 15, 2022, the Company changed its stock trading symbol to LIFD. After acquiring, operating and then selling businesses involved in the defense sector, our business is currently involved in developing, manufacturing and selling a wide variety of branded products containing hemp-derived cannabinoids (e.g. delta-8-THC, delta-9-THC, delta-10-THC, THCV, HHC, HHCO, THCO, CBDA, CBC, CBG, CBN, and CBD), and non-hemp-derived psychedelic products. We are interested in acquiring rapidly growing, profitable companies that are also involved in manufacturing and selling branded products containing hemp-derived cannabinoids, and in acquiring companies that manufacture and sell branded products containing kratom, kava and non-hemp-derived psychedelic products (a “Canna-Infused Products Company”). Management of the Company is open-minded to the concept of also acquiring operating businesses and/or assets involving products containing marijuana, distilled spirits, beer, wine, and real estate. In addition, management of the Company is open-minded to the concept of acquiring all or a portion of one or more operating businesses and/or assets that are considered to be “essential” businesses which are unlikely to be shut down by the government during pandemics such as COVID-19. From time to time, we engage in discussions with potential acquisition targets. To date, we have acquired 100% of the ownership interests in one Canna-Infused Products Company called Lifted Liquids, Inc. d/b/a Lifted Made (formerly Warrender Enterprise Inc. d/b/a Lifted Liquids) (www.LiftedMade.com), Kenosha, Wisconsin (“Lifted Made” or “Lifted”). On April 30, 2019, we also closed on the acquisition of 4.99% of the common stock of each of CBD-infused beverages maker Ablis Holding Company (“Ablis”) (www.AblisCBD.com), and of distilled spirits manufacturers Bendistillery Inc. (“Bendistillery”)and Bend Spirits, Inc. (“Bend Spirits”), all located in Bend, Oregon. Prior to February 9, 2022, Lifted Made had a 50% membership interest in SmplyLifted LLC, which sells tobacco-free nicotine pouches under the brand name FR3SH (www.GETFR3SH.com). On February 9, 2022, Lifted Made sold its 50% membership interest in SmplyLifted LLC to Corner Vapory LLC, an affiliate of NWarrender, CEO of Lifted, for $1, plus ninety-nine percent (99%) of any and all payments and other consideration received or owed to Corner Vapory LLC in regard to SmplyLifted’s existing inventory of FR3SH brand tobacco-free nicotine pouches. Lifted has the option to re-purchase the 50% membership interest in SmplyLifted LLC from Corner Vapory LLC for $1,000 in cash at any time on or before December 31, 2032. Termination of Letter of Intent relating to the proposed acquisition by the Company of Savage Enterprises, Premier Greens LLC and MKRC Holdings, LLC On December 15, 2021, the Company, our Chairman and CEO Gerard M. Jacobs (“GJacobs”), our President and CFO William C. “Jake” Jacobs (“WJacobs”), and our Vice Chairman and COO Nicholas S. Warrender (“NWarrender”), Savage Enterprises, a Wyoming corporation (“Savage”), Premier Greens LLC, a California limited liability company (“Premier Greens”), MKRC Holdings, LLC, a Wyoming limited liability company (“MKRC”), Christopher G. Wheeler (“Wheeler”), and Matt Winters (“Winters”), mutually stipulated to terminate the Letter of Intent dated June 15, 2021 that set out the Company’s possible acquisition of Savage, Premier Greens and MKRC. Termination of Letter of Intent relating to the proposed acquisition by the Company of Fresh Farms E-Liquid, LLC On December 16, 2021, the Company, Fresh Farms E-Liquid, LLC, a California limited liability company (“Fresh Farms”), Anthony J. Devincentis (“Devincentis”), Jakob M. Audino (“Audino”), Forrest F. Town (“Town”), John Z. Petti (“Petti”), GJacobs, NWarrender, WJacobs, Wheeler and Winters mutually stipulated to terminate the Letter of Intent dated September 1, 2021 that set out the Company’s possible acquisition of Fresh Farms. $2,750,000 Promissory Note On December 30, 2021, the Company repaid all principal and interest due under the $3.75M Promissory Note dated February 24, 2020 payable by the Company to NWarrender that was a portion of the Merger Consideration paid by the Company to NWarrender under the Merger Agreement. Pursuant to the terms of the $3.75M Promissory Note, the unpaid balance of the note accrued interest at the rate of 2% per annum. NWarrender kept $1,000,000 of the repayment of the $3.75M Promissory Note, plus accrued interest, and on January 3, 2022, reloaned $2,750,000 to LIFD and Lifted (collectively “Payors”) at the rate of 2.5% (the “$2,750,000 Promissory Note”). The $2,750,000 Promissory Note payable jointly by the Company and Lifted to NWarrender is secured by a perfected first lien security interest (the “Security Interest”) that encumbers all of the assets of the Company and Lifted. The Company is obligated to pay off the principal of the $2,750,000 Promissory Note in five semi-annual payments to NWarrender of $458,333 and a sixth and final semi-annual payment to NWarrender of $458,335, in each case plus accrued interest, starting on June 30, 2022. If the Company is able to raise additional capital via borrowing or the sale of equity securities of the Company the Company will be obligated to prepay all remaining principal and all accrued interest on the $2,750,000 Promissory Note to NWarrender within two business days following the closing of any debt or equity capital raise by Payors following the date of the $2,750,000 Promissory Note in the amount of $8,000,000 or more. Capital Raise Cash on hand is currently limited, so in order to close future acquisitions, it likely will be necessary for us to raise substantial additional capital, and no guarantee or assurance can be made that such capital can be raised on acceptable terms, if at all. With the assistance of an investment bank, we are currently exploring the possibility of raising $5 million or more through some combination of debt and equity offerings in order to pay off the remaining $2.75 million owed in connection with our acquisition of Lifted, to purchase for $1.375 million the building located at 5511 95 th

BASIS OF PRESENTATION AND SIGNI

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2022
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES
Basis Of Presentation And Significant Accounting Policies	NOTE 2 – BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES Consolidated Financial Statements Use of Estimates Cash and Cash Equivalents Notes Receivable Fair Value of Financial Instruments Accounting Standards Codification (“ASC”) 820 defines fair value, establishes a framework for measuring fair value under GAAP and enhances disclosures about fair value measurements. Fair value is defined under ASC 820 as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value under ASC 820 must maximize the use of observable inputs and minimize the use of unobservable inputs. The standard describes a fair-value hierarchy based on three levels of inputs, of which the first two are considered observable and the last unobservable, that may be used to measure fair value as follows: Level 1 – Level 2 – Level 3 – SmplyLifted LLC, Ablis Holding Company, Bendistillery Inc. and Bend Spirits, Inc. are not publicly traded, and as such their financial instruments are Level 3 unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Accounts Receivable As described in “ Description of Certain Key Provisions of the Transaction Documents Relating to the Lifted Merger Agreement Inventory March 31, 2022 December 31, 2021 Raw Goods $ 4,364,744 $ 2,927,727 Finished Goods $ 1,555,731 $ 882,217 Total Inventory $ 5,920,475 $ 3,809,944 Monthly overhead costs such as payments for rent, utilities, insurance, and indirect labor are allocated to finished goods based on the estimated percentage cost toward the finished goods. Depreciation expense related to certain machinery and equipment is also allocated to finished goods. At March 31, 2022, $88,599 of overhead costs were allocated to finished goods. In comparison, During the quarter ended March 31, 2021, $16,472 of overhead costs were allocated to finished goods. As described in “ Description of Certain Key Provisions of the Transaction Documents Relating to the Lifted Merger Agreement During the quarter ended March 31, 2022, $561,417 of obsolete and spoiled inventory was written off. In comparison, during the quarter ended March 31, 2021, $38,561 of obsolete and spoiled inventory was written off. The process of determining obsolete inventory during the quarter involved: 1) Identifying raw goods that would no longer be used in the manufacture of finished goods; 2) Identifying finished goods that would no longer be sold or that are slow moving; and 3) Valuing and expensing raw and finished goods that would no longer be sold. Fixed Assets Management regularly reviews property and equipment and other long-lived assets for possible impairment. This review occurs annually, or more frequently if events or changes in circumstances indicate the carrying amount of the asset may not be recoverable. If there is indication of impairment, management then prepares an estimate of future cash flows (undiscounted and without interest charges) expected to result from the use of the asset and its eventual disposition. If these cash flows are less than the carrying amount of the asset, an impairment loss is recognized to write down the asset to its estimated fair value. The fair value is estimated using the present value of the future cash flows discounted at a rate commensurate with management’s estimates of the business risks. Preparation of estimated expected future cash flows is inherently subjective and is based on management’s best estimate of assumptions concerning expected future conditions. Long-lived assets held for sale are recorded at the lower of their carrying amount or fair value less cost to sell. Security Deposits The Company has not paid a security deposit for its leased facility located at 5511 95 th The Company has paid security deposits for its leased facilities located at 8920 58 th th State Licensing Deposits Revenue The majority of the Company’s sales are of branded products goods to distributors, wholesalers, and end consumers. A minority of the Company’s sales are of raw goods to manufacturers, distributors and wholesalers. The majority of the Company’s sales are to distributors, followed by the Company’s sales to wholesalers, and then the Company’s sales to end consumers. Distributors primarily sell Lifted’s products to vape and smoke shops, stores specializing in cannabinoid-infused products, convenience stores, health food stores, and other outlets. Typically, the Company’s revenue is recognized when it satisfies a single performance obligation by transferring control of its products to a customer. Control is generally transferred when the Company’s products are either shipped or delivered based on the terms contained within the underlying contracts or agreements. If the shipping terms on a sale are FOB destination, the revenue is deferred until the product reaches its destination. The Company excludes from revenues all taxes assessed by a governmental authority that are imposed on the sale of its products and collected from customers. Discounts and rebates are to customers are recorded as a reduction to gross sales. Management believes that adequate provision has been made for cash discounts, returns and spoilage based on the Company’s historical experience. Described below are some of the reasons why a customer may want to return an ordered item, and how the Company responds in each situation: 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. Historically, the scenarios described above have occurred infrequently, and occurrences have been immaterial. Disaggregation of Revenue During the quarter ended March 31, 2022, approximately 99.9% of the Company’s sales occurred inside of the United States of America. During the quarter ended March 31, 2021, all of the Company’s sales occurred inside of the United States of America. The Company has considered providing disaggregation of revenue by information regularly reviewed by the chief operating decision maker for evaluating the financial performance of operating segments, such as type of good, geographical region, market or type of customer, type of contract, contract duration, timing of transfer of goods, and sales channels. Due to the rapidly evolving nature of our industry, the Company is constantly launching new products to stay ahead of trends, finding new sales channels, initiating new distribution networks and modifying the prices of its products. Shown below is a table showing the approximate disaggregation of historical revenue: Type of Sale For the three months ended March 31, 2021 % of Net Sales for the three months ended March 31, 2021 For the three months ended March 31, 2022 % of Net Sales During the three months ended March 31, 2022 Net sales of raw materials to customers $ 10,696 0 % $ 5,382 0 % Net sales of products to private label clients $ 758,140 23 % $ 84,142 0 % Net sales of products to wholesalers $ 612,041 18 % $ 2,475,208 14 % Net sales of products to distributors $ 1,728,794 52 % $ 13,389,283 74 % Net sales of products to end consumers $ 243,598 7 % $ 2,134,863 12 % Net Sales $ 3,353,270 100 % $ 18,088,877 100 % Deferred Revenue Amounts received from a customer before the purchased product is shipped to the customer is treated as deferred revenue. If cash is not received, an accounts receivable is recognized for invoiced orders, but revenue is not recognized until an order is fully shipped. Accounts receivable includes amounts associated with partially shipped orders, for which the unshipped portion is a contract asset. Contract assets represent invoiced but unfulfilled performance obligations. 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 March 31, 2022 and December 31, 2021. March 31, 2022 December 31, 2021 Contract Assets (invoiced but unfulfilled performance obligations) $ 779,706 $ 1,650,258 Deposits from customers for unfulfilled orders $ 100,000 $ 524,135 Total Deferred Revenue $ 879,706 $ 2,174,393 Cost of Goods Sold Operating Expenses Income Taxes Basic and Diluted Earnings (Loss) Per Common Share For the Three Months Ended March 31, 2022 2021 Net Income/(Loss) $ 2,944,793 $ 618,359 Weighted average number of common shares outstanding: Basic 14,017,578 7,456,925 Diluted 15,924,776 16,084,794 Basic Net Income (Loss) per Common Share $ 0.21 $ 0.08 Diluted Net Income (Loss) per Common Share $ 0.18 $ 0.04 As of March 31, 2022, in addition to our outstanding common stock, we have issued (a) options to purchase 1,076,698 shares of common stock at $2.00 per share, (b) warrants to purchase 155,500 shares of common stock at $1 per share, (d) rights to purchase warrants to purchase 1,350,000 shares of common stock at $1.85 per share, and (e) warrants to purchase 2,295,000 shares of common stock at $5.00 per share. Regarding the aforementioned rights to purchase warrants to purchase 1,350,000 shares of common stock at $1.85 per share: of these, rights to purchase warrants to purchase 1.25 million shares of our common stock are not vested and are not exercisable until a performance contingency is met. Regarding the aforementioned warrants to purchase 2,295,000 shares of our common stock at an exercise price of $5.00 per share: of the total, warrants to purchase 1,650,000 shares of our common stock are vested, while the remaining warrants to purchase 645,000 shares of our common stock are not vested and are subject to certain conditions and requirements. At March 31, 2022, the Company had Series A Preferred Stock outstanding convertible into 575,000 shares of common stock; these are included in the diluted earnings calculation. At March 31, 2022, the Company had Series B Preferred Stock outstanding convertible into 40,000 shares of common stock; these are not included in the diluted earnings calculation because the exercise price ($5/share) was higher than the stock closing price at March 31, 2022 ($3.90/share). In comparison, as of March 31, 2021, in addition to our outstanding common stock, there were outstanding (a) options to purchase 1,151,698 shares of common stock at $2.00 per share, (b) warrants to purchase 403,921 shares of common stock at $1 per share, (c) warrants to purchase 6,000 shares of common stock at $5 per share, (d) rights to purchase warrants to purchase 2,625,000 shares of common stock at between $0.01 and $1.85 per share, (e) financing warrants to purchase 31,250 shares of common stock at $0.03 per share, and (f) warrants to purchase 2,295,000 shares of common stock at $5.00 per share. Regarding the aforementioned rights to purchase warrants to purchase 2,625,000 shares of common stock at between $0.01 and $1.85 per share outstanding at March 31, 2021: of these, rights to purchase warrants to purchase 1.25 million shares of our common stock are not vested and are not exercisable until a performance contingency is met. Regarding the aforementioned warrants to purchase 2,295,000 shares of our common stock at an exercise price of $5.00 per share outstanding at March 31, 2021: of the total, warrants to purchase 1,650,000 shares of our common stock are vested, while the remaining warrants to purchase 645,000 shares of our common stock are not vested and are subject to certain conditions and requirements. Also outstanding at March 31, 2021, the Company had Series A Preferred Stock outstanding convertible into 3,325,000 shares of common stock; these are included in the diluted earnings calculation. At March 31, 2021, the Company also had Series B Preferred Stock outstanding convertible into 40,000 shares of common stock; these are also included in the diluted earnings calculation. Recent Accounting Pronouncements In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes On August 5, 2020, the FASB issued ASU No. 2020-06, Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging— Contracts in Entity’s Own Equity (Subtopic 815-40) The Company is researching what other pronouncements may be applicable to the Company’s accounting and whether or not any other pronouncements should be adopted. Advertising and Marketing Expenses Compensated Absences Off-Balance Sheet Arrangements Reclassifications

SELECTED QUARTERLY FINANCIAL IN

SELECTED QUARTERLY FINANCIAL INFORMATION	3 Months Ended
	Mar. 31, 2022
SELECTED QUARTERLY FINANCIAL INFORMATION
Selected Quarterly Financial Information	NOTE 3 – SELECTED QUARTERLY FINANCIAL INFORMATION LFTD PARTNERS INC. (FORMERLY KNOWN AS ACQUIRED SALES CORP.) AND SUBSIDIARY LIFTED LIQUIDS, INC. CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) For the Three Months Ended March 31, 2022 For the Three Months Ended December 31, 2021 For the Three Months Ended September 30, 2021 For the Three Months Ended June 30, 2021 For the Three Months Ended March 31, 2021 For the Three Months Ended December 31, 2020 For the Three Months Ended September 30, 2020 Net Sales $ 18,088,877 $ 12,787,566 $ 8,820,952 $ 6,695,144 $ 3,353,270 $ 2,196,518 $ 1,509,437 Cost of Goods Sold 10,103,893 6,252,549 4,720,057 3,035,630 1,707,523 1,312,946 878,327 Gross Profit 7,984,984 6,535,017 4,100,895 3,659,515 1,645,747 883,572 631,110 Operating Expenses: Payroll, Consulting and Independent Contractor Expenses 1,854,151 1,719,305 803,796 791,000 307,524 211,851 275,149 Accrual for Company-Wide Management Bonus Pool 969,370 - 400,000 816,388 342,947 - - Management Bonuses - 650,000 - - - - - Professional Fees 117,226 133,300 139,526 133,892 93,033 80,810 50,235 Bank Charges and Merchant Fees 133,036 103,647 104,485 118,055 66,570 27,824 14,702 Advertising and Marketing 105,601 100,446 86,438 98,133 52,027 22,384 26,670 Bad Debt Expense 248,000 299,000 61,449 19,196 977 2,915 94,251 Depreciation and Amortization 2,703 5,805 16,344 26,215 41,783 5,245 5,092 Other Operating Expenses 382,462 278,024 170,820 99,773 80,394 56,902 51,289 Total Operating Expenses 3,812,549 3,289,526 1,782,858 2,102,652 985,254 407,931 517,388 Income From Operations 4,172,436 3,245,491 2,318,037 1,556,863 660,493 475,641 113,722 Other Income/(Expenses) Income/(Loss) From 50% membership interest in SmplyLifted LLC (FR3SH) - (100,172 ) (44,858 ) (43,330 ) (7,211 ) (4,429 ) - Impairment of Investment in SimplyLifted - (388,727 ) - - - - - Income from SmplyLifted for WCJ Labor - 144 313 769 1,072 - - Loss on Lease Modification - (1,445 ) - - - - - Interest Expense (31,731 ) (35,314 ) (35,368 ) (35,398 ) (36,347 ) (19,281 ) (19,281 ) Dividend Income - 2,495 - - - 2,495 - Warehouse Buildout Credits - - - 600 600 600 600 Penalties (1,952 ) (5,434 ) (2,162 ) - (450 ) - - Gain on Forgiveness of Debt 5,026 521 - 151,147 - 81,272 - Settlement Income/Gain on Settlement - - - - - 12,500 - Gain(Loss) on Disposal of Fixed Assets - - - (4,750 ) - - - Loss on Deposits - (1,600 ) - (30,000 ) - - - Interest Income 491 694 217 253 202 733 782 Total Other Income/(Expenses) (28,165 ) (528,837 ) (81,859 ) 39,292 42,134 ) 73,890 (17,899 ) Income Before Provision for Income Taxes 4,144,270 2,716,654 2,236,178 1,596,154 618,359 549,531 95,823 Provision for Income Taxes (1,199,478 ) (1,367,362 ) - - - - - Net Income Attributable to LFTD Partners Inc. common stockholders $ 2,944,793 $ 1,349,292 $ 2,236,178 $ 1,596,154 $ 618,359 $ 549,531 $ 95,823 Earnings Per Common Share Attributable to LFTD Partners Inc. common shareholders: Basic $ 0.21 $ 0.10 $ 0.17 $ 0.14 $ 0.08 $ 0.06 $ 0.01 Diluted $ 0.18 $ 0.08 $ 0.14 $ 0.11 $ 0.04 $ 0.02 $ 0.01 Weighted average number of common shares outstanding Basic 14,017,578 14,005,567 13,015,717 11,042,657 7,456,925 6,463,301 6,460,236 Diluted 15,924,776 15,962,765 16,257,915 14,381,105 16,084,794 16,040,170 6,460,236

RECEIPT OF LOANS UNDER THE ECON

RECEIPT OF LOANS UNDER THE ECONOMIC INJURY DISASTER LOAN PROGRAM AND THE PAYCHECK PROTECTION PROGRAM	3 Months Ended
	Mar. 31, 2022
RECEIPT OF LOANS UNDER THE ECONOMIC INJURY DISASTER LOAN PROGRAM AND THE PAYCHECK PROTECTION PROGRAM
Receipt Of Loans Under The Economic Injury Disaster Loan Program And The Paycheck Protection Program	NOTE 4 – RECEIPT OF LOANS UNDER THE ECONOMIC INJURY DISASTER LOAN PROGRAM AND THE PAYCHECK PROTECTION PROGRAM Lifted also applied for and received a loan (the “PPP Loan”) under the Paycheck Protection Program (the “PPP”) under the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), which was enacted March 27, 2020. The PPP Loan was issued by BMO Harris Bank (the “Lender”) in the aggregate principal amount of $149,622.50 and evidenced by a promissory note (the “Note”), dated April 14, 2020 issued by Lifted to the Lender. On April 20, 2021, the entire PPP Loan ($149,622) and the interest payable on the PPP Loan ($1,525) was forgiven by the SBA, and a related gain on forgiveness of debt in the amount of $151,147 was recorded. In accordance with its terms, the Note was originally scheduled to mature on April 14, 2022 and bore interest at a rate of 1.00% per annum, payable monthly commencing on November 14, 2020, following an initial deferral period as specified under the PPP. In addition, the Note could be prepaid by Lifted at any time prior to its original maturity with no prepayment penalties. Proceeds from the PPP Loan were available to Lifted to fund designated expenses, including certain payroll costs and other permitted expenses, in accordance with the PPP. Under the terms of the PPP, up to the entire amount of principal and accrued interest of the PPP Loan could be forgiven to the extent that at least 75% of the PPP Loan proceeds are used for qualifying expenses as described in the CARES Act and applicable implementing guidance issued by the SBA under the PPP. As of March 31, 2021, Lifted had an accrual of $1,443 for the interest on the PPP Loan. During the three months ended June 30, 2021, interest of $82 was accrued prior to the forgiveness of the Loan.

RISKS AND UNCERTAINTIES

RISKS AND UNCERTAINTIES	3 Months Ended
	Mar. 31, 2022
RISKS AND UNCERTAINTIES
Risks And Uncertainties	NOTE 5 - RISKS AND UNCERTAINTIES Going Concern – The Company’s investments in Ablis, Bendistillery and Bend Spirits made the Company a minority owner of these companies. As a minority owner, the Company is not able to recognize any portion of Ablis’, Bendistillery’s or Bend Spirits’ revenues or earnings in the Company’s financial statements. The Company monitors its investments in Ablis, Bendistillery and Bend Spirits, and from time to time and will evaluate whether there has been a potential impairment of value. The COVID-19 pandemic and its ramifications, combined with the expenses and potential liabilities associated with litigation involving Lifted, combined with the regulatory risks and uncertainties associated with the cannabinoid-infused products, vaping and nicotine products industries, combined with the risks associated with internet hacking or sabotage, combined with the risks of employee and/or independent contractor disloyalty or theft of Company information and opportunities, have created significant adverse risks to the Company, which have caused substantial doubt about the Company’s ability to continue as a going concern. Moreover, the Company’s balance sheet is weak. Among other financial obligations, the Company owes Nicholas S. Warrender $2,750,000 under the $2,750,000 Promissory Note, which is accruing interest at 2.5% per annum, and which was executed on January 3, 2022. The principal of the Promissory Note shall be paid off by Payors in five semi-annual payments to Nicholas S. Warrender of $458,333 and a sixth and final semi-annual payment to Nicholas S. Warrender of $458,335, in each case plus accrued interest, starting on June 30, 2022. Accrued interest of $16,575 on the $2,750,000 Promissory Note was recognized at March 31, 2022. Under the Omnibus Agreement, Lifted is also obligated to purchase a building leased by Lifted from an affiliate of our Vice Chairman and COO Nicholas S. Warrender on or before December 31, 2022, for a fixed purchase price equal to $1,375,000. The Company is also accruing 3% annual dividends on its Series A and Series B Convertible Preferred Stock. Also, on February 14, 2022, Nicholas S. Warrender, Gerard M. Jacobs and William C. Jacobs (together the “Parties”) and LFTD Partners, entered into an agreement (the “Amended Omnibus Agreement”) that amends in part the Agreement dated as of December 30, 2021 entered into by and among LFTD Partners Inc., the Parties, Lifted Liquids, Inc. d/b/a Lifted Made and 95th Holdings, LLC (the “Omnibus Agreement”). The Amended Omnibus Agreement (1) terminates the right for the Parties to receive bonus compensation in regard to 2021 that is in excess of the Modified 2021 Bonus Pool Amount of $1,556,055 set out in the Omnibus Agreement; (2) places a cap on the 2022 company-wide bonus pool such that the 2022 company-wide bonus pool shall not be allowed to be accrued or paid by LIFD if and to the extent that doing so would decrease LIFD’s 2022 diluted earnings per share of common stock below $0.56 per share; and (3) the $500,000 of additional bonus set out in the Omnibus Agreement, is now allocated and defined as a retention bonus of $166,667 to each of NWarrender, GJacobs and WJacobs to be paid at the end of 2022 so long as each respective executive has not earlier resigned from LFTD Partners. Moreover, LFTD Partners agrees and covenants that the Chairman of the Compensation Committee is authorized to negotiate and agree on behalf of LFTD Partners in regard to a 2023 supplemental retention bonus for NWarrender, GJacobs and WJacobs (in addition to the company-wide Bonus Pool), and if and only if the amount of such 2023 supplemental retention bonus is mutually agreed upon in writing among the Chairman of the Compensation Committee, NWarrender, GJacobs and WJacobs, then one-third of such 2023 supplemental retention bonus shall be paid by LFTD Partners to each of NWarrender, GJacobs and WJacobs on or before March 15, 2024, provided that such officer shall not have earlier resigned as an officer of LFTD Partners. Also, starting in 2022, Lifted for the first time has committed to spend a material amount of money on research and development on a potential new, non-hemp-derived psychedelic product. We anticipate that the cost of this research and development could potentially reach $100,000. There is no guarantee whether this research and development will be successful in generating a new psychedelic product that can be sold, or if it can be sold, that it will be successful. In addition, factors that could materially affect future operating results include, but are not limited to, changes to laws and regulations, especially those related to hemp-derived delta-8-THC, delta-9-THC, delta-10-THC, THCV, HHC, HHCO, THCO, CBDA, CBC, CBG, CBN, CBD, other hemp-derived cannabinoids, nicotine products, kratom, psychedelic products, vaping, vendor concentration risk, customer concentration risk, customer credit risk, and counterparty risk. The Company maintains levels of cash in a bank deposit account that, at times, may exceed federally insured limits. The Company has not experienced any losses in such account and it believes it is not exposed to any significant credit risk on cash. No assurance or guarantee whatsoever can be given that the net income of the Company’s wholly-owned subsidiary Lifted will be sufficient to allow the Company to pay all of its operating expenses and the dividends accruing on the Company’s preferred stock. As a result, there is substantial doubt that the Company will be able to continue as a going concern. Bankruptcy of the Company at some point in the future is a possibility. The accompanying financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. The Company currently has one revenue-generating subsidiary, Lifted. If and to the extent that the revenue generated by Lifted is not adequate to pay the Company’s operating expenses and the dividends accruing on its preferred stock, then Company management plans to sustain the Company as a going concern by taking the following actions: (1) acquiring and/or developing additional profitable businesses that will create positive income from operations; and/or (2) completing private placements of the Company’s common stock and/or preferred stock. Management believes that by taking these actions, the Company will be provided with sufficient future operations and cash flow to continue as a going concern. However, there can be no assurances or guarantees whatsoever that the Company will be successful in consummating such actions on acceptable terms, if at all. Moreover, any such actions can be expected to result in substantial dilution to the existing shareholders of the Company. Concentration of Credit Risks Regarding the purchases of raw goods and finished goods (“Supplies”), during the quarter ended March 31, 2022, approximately 58% of the Supplies that Lifted purchased were from five vendors. In comparison, regarding the purchases of Supplies during the quarter ended March 31, 2021, approximately 53% of the purchased Supplies were from five vendors. The loss of Lifted’s relationships with these vendors and customers could have a material adverse effect on Lifted’s business.

THE COMPANYS INVESTMENTS

THE COMPANYS INVESTMENTS	3 Months Ended
	Mar. 31, 2022
THE COMPANYS INVESTMENTS
The Companys Investments	NOTE 6 – THE COMPANY’S INVESTMENTS The Company’s Investments in Ablis, Bendistillery and Bend Spirits On April 30, 2019, the Company purchased 4.99% of the common stock of each of Ablis Holding Company, Bendistillery Inc., and Bend Spirits, Inc. for an aggregate purchase price of $1,896,200. Under US Generally Accepted Accounting Principles (“GAAP”), the Company uses the cost method to account for our minority equity ownership interests in businesses in which the Company owns less than 20% of equity ownership, and have no substantial influence over the management of the businesses. Under the cost method of accounting, the Company reports the historical costs of the investments as assets on its balance sheet. However, US GAAP does not permit the consolidation of its financial statements with the financial statements of companies in which the Company owns minority equity ownership interests. As such, the Company’s investments in Ablis, Bendistillery and Bend Spirits made the Company a minority owner of these companies. As a minority owner, the Company will not be able to recognize any portion of Ablis’, Bendistillery’s or Bend Spirits’ revenues or earnings in the Company’s financial statements. US GAAP also requires the Company to record these types of investments at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. As such, the Company will not be allowed to consolidate into its financial statements any portion of the revenues, earnings or assets of companies in which it owns minority equity ownership interests such as Ablis, Bendistillery and Bend Spirits. Moreover, even if there is evidence that the fair market values of the investments have increased above their historical costs, US GAAP does not allow increasing the recorded values of the investments. Under US GAAP, the only adjustments that may be made to the historical costs of the investments are write downs of the values of the investments, which must be made if there is evidence that the fair market values of the investments have declined to below the recorded historical costs. At each reporting period, the Company makes a qualitative assessment considering impairment indicators to evaluate whether its investments are impaired. Factors that the Company would consider indicators of impairment include: (1) a significant deterioration in the earnings performance, credit rating, asset quality, or business prospects of the investee, (2) a significant adverse change in the regulatory, economic, or technological environment of the investee, (3) a significant adverse change in the general market condition of either the geographical area or the industry in which the investee operates, (4) a bona fide offer to purchase, an offer by the investee to sell, or a completed auction process for the same or similar investment for an amount less than the carrying amount of that investment, and (5) factors that raise significant concerns about the investee’s ability to continue as a going concern, such as negative cash flows from operations, working capital deficiencies, or noncompliance with statutory capital requirements or debt covenants. Up to the date of this report on Form 10-Q, none of the above the above factors have been applicable to the Company’s investments. The qualitative assessments at the end of quarters one, two and three are done via conference calls with the management teams of Ablis, Bendistillery and Bend Spirits. The qualitative assessment at the end of quarter four relating to these entities also includes review of their respective financial statements that have been reviewed by a third party accounting firm. At that time, the Company performs an annual impairment assessment. The reviewed financial statements of these companies are not audited, and the Company is not active in the management of these companies, and except for these companies’ quarterly meetings with the management of the Company, the Company’s assessment of these companies is inherently limited to infrequent and relatively brief conversations with officers of these companies and to reviews of those reviewed financial statements. On April 27, 2022, a telephonic meeting of the board of directors of Ablis, Bendistillery and Bend Spirits was held. During this meeting, the management of those companies reviewed the performance of Ablis, Bendistillery and Bend Spirits during the quarter and ended March 31, 2022. Based upon the financial and non-financial information that was shared with LFTD Partners during that conference call, the management of LFTD Partners believes that no impairment of the value of Bendistillery, Bend Spirits or Ablis is warranted at this point in time. The information that was shared by the management of Ablis included, among other things: increased revenue of both Bendistillery and Bend Spirits from the first quarter of 2021 to the first quarter of 2022, markets opening up again from the pandemic, investments in equipment and a new on-site warehouse, Ablis’ hiring of a marketing firm, and the fact that managements of Bendistillery and Ablis are actively working with an investment bank to explore capital raising options and other strategic options. The Company’s Investment in Lifted Made Goodwill represents the future economic benefit arising from other assets acquired that could not be individually identified and separately recognized. The goodwill arising from the Company’s acquisitions is attributable to the value of the potential expanded market opportunity with new customers. Goodwill is not amortized but is subject to annual impairment testing unless circumstances dictate more frequent assessments. The Company performs an annual impairment assessment for goodwill during the fourth quarter of each year and more frequently whenever events or changes in circumstances indicate that the fair value of the asset may be less than the carrying amount. Goodwill impairment testing is a two-step process performed at the reporting unit level. Step one compares the fair value of the reporting unit to its carrying amount. The fair value of the reporting unit is determined by considering both the income approach and market approaches. The fair values calculated under the income approach and market approaches are weighted based on circumstances surrounding the reporting unit. Under the income approach, the Company determines fair value based on estimated future cash flows of the reporting unit, which are discounted to the present value using discount factors that consider the timing and risk of cash flows. For the discount rate, the Company relies on the capital asset pricing model approach, which includes an assessment of the risk-free interest rate, the rate of return from publicly traded stocks, the Company’s risk relative to the overall market, the Company’s size and industry and other Company-specific risks. Other significant assumptions used in the income approach include the terminal value, growth rates, future capital expenditures and changes in future working capital requirements. The market approaches use key multiples from guideline businesses that are comparable and are traded on a public market. If the fair value of the reporting unit is greater than its carrying amount, there is no impairment. If the reporting unit’s carrying amount exceeds its fair value, then the second step must be completed to measure the amount of impairment, if any. Step two calculates the implied fair value of goodwill by deducting the fair value of all tangible and intangible net assets of the reporting unit from the fair value of the reporting unit as calculated in step one. In this step, the fair value of the reporting unit is allocated to all of the reporting unit’s assets and liabilities in a hypothetical purchase price allocation as if the reporting unit had been acquired on that date. If the carrying amount of goodwill exceeds the implied fair value of goodwill, an impairment loss is recognized in an amount equal to the excess. Determining the fair value of a reporting unit is judgmental in nature and requires the use of significant estimates and assumptions, including revenue growth rates, strategic plans, and future market conditions, among others. There can be no assurance that the Company’s estimates and assumptions made for purposes of the goodwill impairment testing will prove to be accurate predictions of the future. Changes in assumptions and estimates could cause the Company to perform an impairment test prior to scheduled annual impairment tests. The Company performed its annual fair value assessments at December 31, 2021 and December 31, 2020 on the goodwill recognized as part of the acquisition of Lifted, and determined that no impairment was necessary. The factors that led the Company to this conclusion include, among other things: continued growth in sales and profitability year-over-year, the launch of first-to-market, ground-breaking new products, the addition of more and more wholesalers and distributors nationwide, increased sales to wholesalers and end consumers, the continued growth of Lifted’s flagship brand Urb Finest Flowers, and continued positive publicity of Lifted. Lifted has also been limited in its production capacity due to the size of its facility in Zion, Illinois. With Lifted’s recent move into a much larger facility located in Kenosha, Wisconsin, Lifted should be able to produce a greater quantity of products to meet demand. The Company ’ s Investment in SmplyLifted LLC On September 22, 2020, LFTD Partners Inc. and Lifted Made and privately-held SMPLSTC, Costa Mesa, CA (www.SMPLSTCBD.com) formed an equally-owned new entity called SmplyLifted LLC, which sold tobacco-free nicotine pouches in several flavors and nicotine strengths under the brand name FR3SH (www.GETFR3SH.com). Lifted had a 50% membership interest in SmplyLifted LLC. The other 50% of SmplyLifted is owned by SMPLSTC LLC and its principals, who are located in Costa Mesa, California. Under US GAAP, the Company used the equity method to account for its 50% membership interest in SmplyLifted. Under the equity method of accounting, the Company recorded its share (50%) of SmplyLifted’s earnings (or losses) as income (or losses) on the Consolidated Statements of Operations. The Company recorded its initial investment in SmplyLifted, which was $200,000, as an asset at historical cost. Under the equity method, the investment’s value was periodically adjusted to reflect the changes in value due to Lifted’s share in SmplyLifted’s income or losses. During the year ended December 31, 2020, the Company recognized a loss of $4,429 from its 50% membership interest in SmplyLifted, and wrote down the value of its investment in SmplyLifted to $195,571. During the year ended December 31, 2021, the Company recognized a loss of $195,571 from its 50% membership interest in SmplyLifted. At December 31, 2021, Lifted Made wrote off its receivables from SmplyLifted, and its loans to SmplyLifted, which totaled $388,727. On February 9, 2022, Lifted Made signed an Agreement to sell its 50% membership interest in SmplyLifted LLC to Corner Vapory LLC, an affiliate of NWarrender, CEO of Lifted, for $1, plus ninety-nine percent (99%) of any and all payments and other consideration received or owed to Corner Vapory LLC in regard to SmplyLifted’s existing inventory of FR3SH brand tobacco-free nicotine pouches. Lifted has the option to re-purchase the 50% membership interest in SmplyLifted LLC from Corner Vapory LLC for $1,000 in cash at any time on or before December 31, 2032.

PROPERTY AND EQUIPMENT NET

PROPERTY AND EQUIPMENT NET	3 Months Ended
	Mar. 31, 2022
PROPERTY AND EQUIPMENT NET
Property And Equipment Net	NOTE 7 – PROPERTY AND EQUIPMENT, NET Property and Equipment consist of the following: Asset Class March 31, 2022 December 31, 2021 Machinery & Equipment $ 258,533 $ 258,533 Leasehold Improvements - Kenosha $ 154,485 $ 152,985 Trade Show Booths $ 23,488 $ 23,488 Vehicles $ 75,047 $ 22,309 Computer Equipment $ 7,312 $ 7,312 Furniture & Fixtures $ 46,553 $ 46,553 Sub-total: $ 565,418 $ 511,180 Less: accumulated depreciation $ (106,067 ) $ (77,967 ) $ 459,351 $ 433,213 The useful lives of the Company’s fixed assets by asset class are as follows: Asset Class Estimated Useful Life Machinery & Equipment 60 months Leasehold Improvements 60 months Trade Show Booths 36 months Vehicles 60 months Computer Equipment 60 months Furniture & Fixtures 60 months Depreciation expense of $15,173 was recognized during the three months ended March 31, 2022. In comparison, depreciation expense of $29,029 was recognized during the three months ended March 31, 2021. As described in “ Description of Certain Key Provisions of the Transaction Documents Relating to the Lifted Merger Agreement

NOTES RECEIVABLE

NOTES RECEIVABLE	3 Months Ended
	Mar. 31, 2022
NOTES RECEIVABLE
Notes Receivable	NOTE 8 – NOTES RECEIVABLE SmplyLifted LLC At March 31, 2021, the Company had made shortfall loans to SmplyLifted LLC totaling $387,500, used primarily for the purchase of inventory. As of March 31, 2021, imputed interest receivable on the loans totaled $149. At December 31, 2021, the Company had made interest-free loans to SmplyLifted LLC totaling $387,500, used primarily for the purchase of inventory. As of December 31, 2021, imputed interest receivable on the loans totaled $580. As described above, at December 31, 2021, these notes and related interest receivable were written off. CBD Lion LLC On August 8, 2019, the Company made an unsecured $300,000 loan to Lion (the “Loan”) evidenced by a promissory note (the “Note”) in connection with the proposed Merger Agreement with Lion. Per the terms of the Note, if the Transaction did not close and the merger agreement were terminated, then the Loan was to be repaid by Lion to the Company in six equal monthly installments of principal, together with accrued interest at the rate of 6% per year, with the first such installment due and payable by Lion to the Company on the first day of the first calendar month following the termination of the merger agreement. The Merger Agreement was terminated by the Company on November 14, 2019 and the Note became payable. During December 2019, the principal of the Note was repaid by Lion down to $200,000, and Lion also paid the accrued interest on the Note of $6,945. Due to termination of the Merger Agreement, and per Section 5.15(b) of the Merger Agreement, as of December 31, 2019 the Company owed CBD Lion $31,500 for reimbursement of professional fees related to the audit of CBD Lion. This left Lion with a net balance owed to the Company of $168,500 as of December 31, 2019. On March 2, 2020, Lion and the Company agreed that the repayment of such $168,500 will be made in eleven equal monthly installments of principal due and payable by Lion to the Company on the first day of each calendar month starting on April 1, 2020, and that no additional interest will accrue. All such eleven payments have been made by Lion through February 1, 2021. During the quarter ended March 31, 2020, The Company wrote off as bad debt interest of $2,006 that was receivable from the CBD Lion for the period January 1, 2020 through March 1, 2020. The Company calculated imputed interest receivable of $2,112 from CBD Lion for the period March 2, 2020 through December 31, 2020. The William Noyes Webster Foundation, Inc. The Foundation, a non-profit Massachusetts corporation, has received a provisional registration from the Commonwealth of Massachusetts to own and operate a medical marijuana cultivation facility in Plymouth, Massachusetts, and a medical marijuana dispensary in Dennis, Massachusetts. Jane W. Heatley (“Heatley”) is the founder and a member of the board of directors of the Foundation. Teaming Agreement Promissory Note Between April and July 2015, the Company loaned an additional $135,350 to the Foundation, evidenced by the Note and secured by the Security Agreement. Following such additional loans, the principal of the loan from the Company to the Foundation, evidenced by the Note and secured by the Security Agreement, is now $737,850. The principal balance outstanding under the Note bore interest at the rate of 12.5% per annum, compounded monthly. It was contemplated that the first payment of accrued interest by the Foundation under the Note would be made as soon after the Foundation commences operations of the Plymouth Cultivation Facility and the Dennis Dispensary as the Foundation’s cash flows shall reasonably permit, but in any event no later than one year after the Foundation commences operations. The principal of the Note would be payable in eight consecutive equal quarterly installments, commencing on the last day of the calendar quarter in which the Foundation commences operations. Principal on the Note and related accrued interest would be considered past due if the aforementioned payments were not received by their due dates. Uncollectable Note and Interest Receivable

INTANGIBLE ASSETS NET

INTANGIBLE ASSETS NET	3 Months Ended
	Mar. 31, 2022
INTANGIBLE ASSETS NET
Intangible Assets Net	NOTE 9 – INTANGIBLE ASSETS, NET www.LiftedMade.com Website The cost of developing Lifted’s website, www.LiftedMade.com, is being amortized over 32 months, and $347 in amortization related to the website was recognized during the quarter ended March 31, 2022. In comparison, $417 in amortization related to the website was recognized during the quarter ended March 31, 2021.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Mar. 31, 2022
RELATED PARTY TRANSACTIONS
Related Party Transactions	NOTE 10 – RELATED PARTY TRANSACTIONS Shipping Costs During 2020 and 2021, Lifted shared a shipping account with a company operated by Nicholas S. Warrender’s father, Robert T. Warrender II, who is also an employee of Lifted and a member of the board of directors of LFTD Partners Inc. Lifted did this in an effort to reduce shipping costs, as the shipper gave a price discount based on volume. Lifted reimbursed Robert T. Warrender II’s company for the cost of shipping. During the quarter ended March 31, 2021, Lifted reimbursed Robert T. Warrender II’s company $41,902 in shipping costs. In 2022, Lifted no longer shared a shipping account with a company operated by Nicholas S. Warrender’s father, Robert T. Warrender II, so Lifted did not reimburse Robert T. Warrender II’s company for any shipping costs during the quarter ended March 31, 2022. Robert T. Warrender II In January 2022, Lifted hired Robert T. Warrender II, Nicholas S. Warrender’s father, as an employee. Robert T. Warrender II is also a Director of LFTD Partners Inc. During the quarter ended March 31, 2022, $9,231 in wages were paid to Robert T. Warrender II. Robert T. Warrender III During the quarter ended March 31, 2022, $33,423 in sales commissions were paid to Robert T. Warrender III, who is Nicholas S. Warrender’s brother, and Director Robert T. Warrender II’s son. In comparison, during the quarter ended March 31, 2021, $2,072 in sales commissions were paid to Robert T. Warrender III. Vincent J. Mesolella During the quarter ended March 31, 2022, Lead Outside Director Vincent J. Mesolella was paid $40,000 of the Modified 2021 Bonus Pool Amount, and he also received his $4,000 quarterly director fee. Joshua A. Bloom During the quarter ended March 31, 2022, Dr. Joshua A. Bloom, Director, was paid $20,000 of the Modified 2021 Bonus Pool Amount, and he also received his $4,000 quarterly director fee. Richard E. Morrissy During the quarter ended March 31, 2022, Richard E. Morrissy, Director, received his $4,000 quarterly director fee. James S. Jacobs During the quarter ended March 31, 2022, Dr. James S. Jacobs, Director, received his $4,000 quarterly director fee. Kevin J. Rocio During the quarter ended March 31, 2022, Kevin J. Rocio, Director, received his $4,000 quarterly director fee. Gerard M. Jacobs The Compensation Agreement contemplated an aggregate of $350,000 being paid by the Company to GJacobs and WJacobs upon the closing of the Company’s acquisition of Lifted and an aggregate of $350,000 being paid by the Company to GJacobs and WJacobs upon December 1, 2020, but such payments were not timely made, and pursuant to the Amendment No. 1 such aggregate of $700,000 of compensation was deferred and made due and payable by the Company to GJacobs and WJacobs together with interest accrued at the rate of 2% annually commencing January 1, 2021, upon demand by GJacobs and WJacobs, and through the date of the Omnibus Agreement only $58,439 of such deferred compensation had been paid to GJacobs (the remaining unpaid deferred compensation together with accrued interest is hereby referred to as the “Deferred Compensation”). Pursuant to the Omnibus Agreement, the Deferred Compensation was paid by the Company to GJacobs and WJacobs in January 2022. During the quarter ended March 31, 2022, Gerard M. Jacobs was also paid $143,713 of the Modified 2021 Bonus Pool Amount. In comparison, at March 31, 2021, there was total interest of $2,466 payable to Gerard M. Jacobs related to the Delayed December 1, 2020 Cash Bonus to Gerard M. Jacobs and the bonus payable for closing on the Company’s acquisition of Lifted. William C. “Jake” Jacobs As described above, the Compensation Agreement contemplated an aggregate of $350,000 being paid by the Company to GJacobs and WJacobs upon the closing of the Company’s acquisition of Lifted and an aggregate of $350,000 being paid by the Company to GJacobs and WJacobs upon December 1, 2020, but such payments were not timely made, and pursuant to the Amendment No. 1 such aggregate of $700,000 of compensation was deferred and made due and payable by the Company to GJacobs and WJacobs together with interest accrued at the rate of 2% annually commencing January 1, 2021, upon demand by GJacobs and WJacobs, and through the date of the Omnibus Agreement only $58,439 of such deferred compensation had been paid to GJacobs (the remaining unpaid deferred compensation together with accrued interest is hereby referred to as the “Deferred Compensation”). Pursuant to the Omnibus Agreement, the Deferred Compensation was paid by the Company to GJacobs and WJacobs in January 2022. Moreover, pursuant to the Omnibus Agreement and simultaneously with such payment of the Deferred Compensation as set out above, the Company paid WJacobs a bonus of $300,000 in January 2022. During the quarter ended March 31, 2022, William C. Jacobs was also paid $152,341 of the Modified 2021 Bonus Pool Amount. In comparison, as of March 31, 2021, there was total interest of $986 payable to William C. “Jake” Jacobs related to the Delayed December 1, 2020 Cash Bonus to William C. “Jake” Jacobs and the bonus payable for closing on the Company’s acquisition of Lifted. Also, at March 31, 2021, $2,681 in income tax previously erroneously paid by William C. Jacobs to the Illinois Department of Revenue during the year ended December 31, 2021, and refunded back to Lifted by the Illinois Department of Revenue in January 2021, was payable by Lifted to William C. Jacobs. Nicholas S. Warrender On February 24, 2020 we closed on the acquisition of 100% of the ownership of CBD-infused products maker Warrender Enterprise Inc. d/b/a Lifted Made (formerly d/b/a Lifted Liquids) of Zion, Illinois (the “Merger”), for consideration of (1) $3,750,000 in cash, (2) $3,750,000 in the form of a secured promissory note accruing interest of 2% per year, (3) 3,900,455 shares of unregistered common stock of the Company (the “Stock Consideration”), (4) 645,000 shares of unregistered common stock of the Company that constitute deferred contingent compensation to be issued and delivered to certain persons specified by Nicholas S. Warrender in a schedule delivered by Nicholas S. Warrender to the Company at the closing of the Merger (the “Deferred Contingent Stock”), and (5) warrants to purchase an aggregate of 1,820,000 shares of unregistered common stock of the Company at an exercise price of $5.00 per share that will be issued and delivered to certain persons specified by Nicholas S. Warrender in a schedule delivered by Nicholas S. Warrender to the Company at the closing of the Merger (the “Warrants”). On December 30, 2021, LIFD repaid all principal and interest due under the $3,750,000 promissory note between Nicholas S. Warrender and LIFD dated February 24, 2020 that was a portion of the Merger Consideration paid by LIFD to Nicholas S. Warrender under the Merger Agreement. Pursuant to the terms of that promissory note, the unpaid balance of the note accrued interest at the rate of 2% per annum. On December 30, 2021, Nicholas S. Warrender kept $1,000,000 of the repayment, plus accrued interest, and on January 3, 2022, reloaned $2,750,000 back to LIFD at the rate of 2.5% (the “$2,750,000 Promissory Note”). The $2,750,000 Promissory Note payable jointly by the Company and Lifted to NWarrender is secured by a perfected first lien security interest (the “Security Interest”) that encumbers all of the assets of the Company and Lifted. The Company is obligated to pay off the principal of the $2,750,000 Promissory Note in five semi-annual payments to NWarrender of $458,333 and a sixth and final semi-annual payment to NWarrender of $458,335, in each case plus accrued interest, starting on June 30, 2022. If the Company is able to raise additional capital via borrowing or the sale of equity securities of the Company the Company will be obligated to prepay all remaining principal and all accrued interest on the $2,750,000 Promissory Note to NWarrender within two business days following the closing of any debt or equity capital raise by Payors following the date of the $2,750,000 Promissory Note in the amount of $8,000,000 or more. As of March 31, 2022, there was accrued interest of $16,575 payable to Nicholas S. Warrender related to this $2,750,000 note. During the quarter ended March 31, 2022, Nicholas S. Warrender was also paid $680,000 of the Modified 2021 Bonus Pool Amount. In comparison, as of March 31, 2021, in addition to the promissory note of $3,750,000 owed to Nicholas S. Warrender, there was also related interest payable of $82,603 owed to Nicholas S. Warrender. SmplyLifted LLC On February 2, 2021, Lifted owed SmplyLifted $450; on February 10, 2021, Lifted paid SmplyLifted the $450. As of March 31, 2021, Lifted owed SmplyLifted $9,719. Between April 1, 2021 and April 5, 2021, Lifted paid SmplyLifted the $9,719. Corner Vapory LLC Nicholas S. Warrender is a 50% owner in Corner Vapory LLC. Corner Vapory LLC owns a vape shop (called Corner Vapory), and Canna Vita, a CBD shop, both located in Kenosha, Wisconsin. The other owners of Corner Vapory LLC consist of Lifted’s Director of Operations and his wife. During the quarter ended March 31, 2022, Corner Vapory LLC purchased $6,232 worth of products from Lifted, and Lifted recorded a receivable of $5,087 from Corner Vapory LLC as of March 31, 2022. In comparison, during the quarter ended March 31, 2021, Corner Vapory LLC purchased $2,798 worth of products from Lifted, and Lifted recorded a receivable of $4,855 from Corner Vapory LLC as of March 31, 2021. Corner Vapory LLC is provided distributor pricing, similar to many other stores that are customers of Lifted. 95th Holdings, LLC From June 1, 2018 through June 1, 2021, Lifted rented 3,300 square feet of space located in Zion, Illinois, for manufacturing, warehousing and office space. From June 1, 2021 through November 2021, Lifted leased such space on a month-to-month basis. From May 2020 until April 1, 2021, Lifted also temporarily used additional space located adjacent to its rented space in Zion, Illinois, and made payments in lieu of rent therefor. Lifted’s rented space in Zion, Illinois, was not adequate in light of various issues including zoning uncertainties, lack of air conditioning, and small size. As such, on December 18, 2020, Lifted as tenant entered into a Lease Agreement (the “Lease) with 95 th th Lifted constructed improvements including a clean room, and gradually moved into the Kenosha Premises over the course of the first quarter of 2021. Under the terms of the “triple-net” Lease, starting on January 1, 2021, Lifted leased approximately 11,238 square feet at the Premises at $6.13 per square foot per year in base rent ($68,888.94 in 2021), which is subject to a 2% increase in base rent each year, plus certain operating expenses and taxes. The Lease will continue until midnight on the fifth Under the terms of the lease, the tenant, Lifted, has the option to purchase the property at any time prior to December 31, 2025, and in any event, Lifted is obligated to purchase the property on or before that date. Pursuant to the Lease, in all cases Lifted’s purchase price for the Premises shall be in an amount equal to the greater of: (1) the fair market value of the Premises at the time Lifted purchases the Premises; or (2) any remaining principal balance of any purchase-money mortgage for the Premises existing at the time of the closing of Lifted’s purchase, plus the corresponding amount identified in the Additional Purchase Price Schedule attached as Exhibit B to the Lease, which is an additional amount ranging between $300,000 and $375,000 based on the number of years that have passed between the commencement of the Lease and the purchase of the Premises by Lifted. Landlord is an entity owned by Nicholas S. Warrender, the Company’s Vice Chairman and COO, the CEO of Lifted, and the largest stockholder of the Company as beneficial owner of 3,900,455 common stock shares. Due to the potential conflict of interest, the terms and conditions of the Lease were negotiated on behalf of Lifted by Vincent J. Mesolella, the Lead Outside Director of the Company. Landlord and Lifted were represented by their own independent legal counsel in connection with the Lease. Under the terms of the Lease, Mr. Warrender is able to benefit through his entity 95 th During the quarter ended March 31, 2022, Lifted paid $17,567 in rent to 95 th Under the terms of the Omnibus Agreement, Lifted is obligated to purchase the Premises from Landlord on or before December 31, 2022 for a fixed purchase price of $1,375,000. Liquid Event Marketing Liquid Event Marketing is a company owned by Lifted’s Director of Operations, who was hired by Lifted on March 29, 2021. During the quarter ended March 31, 2022, Lifted did not transact business with Liquid Event Marketing. Nor did Lifted transact business with Liquid Event Marketing during the quarter ended March 31, 2021. Commissions on Sales Lifted has agreed to pay up to 7% commissions to certain individuals, some of whom are affiliated with the Company and some of whom are relatives of affiliates of the Company, in connection with certain sales of Lifted’s products. Commissions are based upon the total purchase prices paid by the referrers’ customers, excluding shipping costs and any governmentally imposed taxes and fees, all of which must be paid by the referrers’ customers. Some of these agreements extend through December 31, 2040, and one extends through December 31, 2025. Commissions are paid on each purchase order of Lifted products received from and paid for by the referrers’ customers. In the Consolidated Statements of Operations, these commissions are included in the “Payroll, Consulting and Independent Contractor” totals.

SHAREHOLDERS EQUITY

SHAREHOLDERS EQUITY	3 Months Ended
	Mar. 31, 2022
SHAREHOLDERS EQUITY
Shareholders Equity	NOTE 11 – SHAREHOLDERS’ EQUITY Issuance of Series A Convertible Preferred Stock The Company has authorized 400,000 shares of its Series A Convertible Preferred Stock. Each share of Series A Convertible Preferred Stock may be converted into 100 shares of common stock. The Series A Convertible Preferred Stock accrues dividends at the rate of 3% annually. The accrued Series A Convertible Preferred Stock dividends are cumulative. The Series A Convertible Preferred Stock dividends shall cease to accrue at such time as the Company’s Common Stock has closed at $3.00 per share or higher for 20 consecutive trading days after the first date that the Series A Registration Statement is effective, and there have been, on average, at least 25,000 shares traded on each of those 20 consecutive trading days. The Series A Convertible Preferred Stock have no voting rights. The holders of the Series A Convertible Preferred Stock shall have voluntary conversion rights. Shares of Series A Convertible Preferred Stock are subject to mandatory conversion (in the discretion of the Company) at such time as the Company’s common stock has closed at $5.00 per share or higher for 20 consecutive trading days after the first date that the Series A Registration Statement is effective, and there have been, on average, at least 50,000 shares traded on each of those 20 consecutive trading days. Between February 27, 2019 and May 13, 2019, the Company accepted subscriptions from accredited investors to purchase 66,150 shares of newly issued Series A Preferred Stock for an aggregate purchase price of $6,615,000 in cash. These 66,150 shares of Series A Preferred Stock are convertible at the option of the holders into 6,615,000 shares of newly issued common stock of the Company, or $1.00 per share of common stock of the Company. The Series A Preferred Stock will receive an annual 3% dividend, and will be subject to mandatory conversion, under terms and conditions set forth in the Certificate of Designation of the Series A Preferred Stock. On August 2, 2019, the Company filed a Form S-1 Registration Statement covering the shares of newly issued common stock of the Company into which the Series A Convertible Preferred Stock can be converted. On July 6, 2020, the Company filed with the SEC an amended Registration Statement on Form S-1/A covering 30% of the common stock shares into which the Series A Preferred Stock may be converted. On December 10, 2020, the Company filed with the SEC a second amended Registration Statement on Form S-1/A covering 30% of the common stock shares into which the Series A Preferred Stock may be converted. On June 2, 2021, the Company filed with the SEC a third amended Registration Statement on Form S-1/A covering 30% of the common stock shares into which the Series A Preferred Stock may be converted. On July 2, 2021, the Company filed with the SEC a fourth amended Registration Statement on Form S-1/A covering 30% of the common stock shares into which the Series A Preferred Stock may be converted. On July 26, 2021, the Company filed with the SEC a fifth amended Registration Statement on Form S-1/A covering 30% of the common stock shares into which the Series A Preferred Stock may be converted. On August 19, 2021, the Company filed with the SEC a sixth amended Registration Statement on Form S-1/A covering 30% of the common stock shares into which the Series A Preferred Stock may be converted. The Registration Statement was approved deemed effective by the SEC on August 26, 2021. As of March 31, 2022, 60,400 shares of Series A Preferred Stock have been converted into a total of 6,040,000 shares of common stock of the Company, which leaves 5,750 shares of Series A Preferred Stock currently outstanding. As of March 31, 2022 and December 31, 2021, the Company has accrued a liability of $13,179 and $11,926, respectively, as dividends payable to holders of the Series A Convertible Preferred Stock. The Company fully intends on paying the annual dividends to the holders of the Series A Convertible Preferred Stock, and as such, the Company has accrued the liability on the Series A Convertible Preferred Stock. During the quarters ended March 31, 2022 and 2021, a total of $3,000 and $99,725, respectively, of cash dividends were paid to the Series A Convertible Preferred Stock holders. All of the issuances of securities described above were restricted share issuances and deemed to be exempt from registration in reliance on Rule 506 of Regulation D and/or Section 4(2) of the Securities Act as transactions by an issuer not involving a public offering. Each investor represented that they were accredited investors, as defined in Rule 501 of Regulation D and, there was no general solicitation or general advertising used to market the securities. We made available to each investor disclosure of all aspects of our business, including providing the investor with press releases, access to our auditors, and other financial, business, and corporate information. All securities issued were restricted with an appropriate restrictive legend on certificates for notes and warrants issued stating that the securities (and underlying shares) have not been registered under the Securities Act and cannot be sold or otherwise transferred without an effective registration or an exemption therefrom. Issuance of Series B Convertible Preferred Stock The Company has authorized 5,000,000 shares of its Series B Convertible Preferred Stock. Each share of Series B Convertible Preferred Stock may be converted into one shares of common stock. The Series B Convertible Preferred Stock accrues dividends at the rate of 3% annually. The accrued Series B Convertible Preferred Stock dividends are cumulative. The Series B Convertible Preferred Stock dividends shall cease to accrue at such time as the Company’s Common Stock has closed at $7.00 per share or higher for 20 consecutive trading days after the first date that the Series B Registration Statement is effective, and there have been, on average, at least 25,000 shares traded on each of those 20 consecutive trading days. The Series B Convertible Preferred Stock have no voting rights. The holders of the Series B Convertible Preferred Stock shall have voluntary conversion rights. Shares of Series B Convertible Preferred Stock are subject to mandatory conversion (in the discretion of the Company) at such time as the Company’s common stock has closed at $9.00 per share or higher for 20 consecutive trading days after the first date that the Series B Registration Statement is effective, and there have been, on average, at least 50,000 shares traded on each of those 20 consecutive trading days. Between July 24, 2019 and December 5, 2019, the Company accepted subscriptions from accredited investors to purchase 100,000 shares of newly issued Series B Preferred Stock for an aggregate purchase price of $500,000 in cash. These 100,000 shares of Series B Preferred Stock are convertible at the option of the holder into 100,000 shares of newly issued common stock of the Company. The Series B Preferred Stock will receive an annual 3% dividend, and will be subject to mandatory conversion, under terms and conditions set forth in the Certificate of Designation of the Series B Preferred Stock. On August 2, 2019, the Company filed a Form S-1 Registration Statement covering the shares of newly issued common stock of the Company into which the Series B Convertible Preferred Stock can be converted. On July 6, 2020, the Company filed with the SEC an amended Registration Statement on Form S-1/A covering 30% of the common stock shares into which the Series B Preferred Stock may be converted. On December 10, 2020, the Company filed with the SEC a second amended Registration Statement on Form S-1/A covering 30% of the common stock shares into which the Series B Preferred Stock may be converted. On June 2, 2021, the Company filed with the SEC a third amended Registration Statement on Form S-1/A covering 30% of the common stock shares into which the Series B Preferred Stock may be converted. On July 2, 2021, the Company filed with the SEC a fourth amended Registration Statement on Form S-1/A covering 30% of the common stock shares into which the Series B Preferred Stock may be converted. On July 26, 2021, the Company filed with the SEC a fifth amended Registration Statement on Form S-1/A covering 30% of the common stock shares into which the Series B Preferred Stock may be converted. On August 19, 2021, the Company filed with the SEC a sixth amended Registration Statement on Form S-1/A covering 30% of the common stock shares into which the Series B Preferred Stock may be converted. The Registration Statement was approved deemed effective by the SEC on August 26, 2021. As of March 31, 2022, 60,000 shares of Series B Preferred Stock have been converted into a total of 60,000 shares of common stock of the Company, which leaves 40,000 shares of Series B Preferred Stock currently outstanding. As of March 31, 2022 and December 31, 2021, the Company has accrued a liability of $3,275 and $1,796, respectively as dividends payable to holders of the Series B Convertible Preferred Stock. The Company fully intends on paying the annual dividends to the holders of the Series B Convertible Preferred Stock, and as such, the Company has accrued the liability on the Series B Convertible Preferred Stock. During the quarters ended March 31, 2022 and 2021, a total of $0 and $5,844 respectively, of cash dividends were paid to the Series B Convertible Preferred Stock holders. All of the issuances of securities described above were restricted share issuances and deemed to be exempt from registration in reliance on Rule 506 of Regulation D and/or Section 4(2) of the Securities Act as transactions by an issuer not involving a public offering. Each investor represented that they were accredited investors, as defined in Rule 501 of Regulation D and, there was no general solicitation or general advertising used to market the securities. We made available to each investor disclosure of all aspects of our business, including providing the investor with press releases, access to our auditors, and other financial, business, and corporate information. All securities issued were restricted with an appropriate restrictive legend on certificates for notes and warrants issued stating that the securities (and underlying shares) have not been registered under the Securities Act and cannot be sold or otherwise transferred without an effective registration or an exemption therefrom. Share-Based Compensation No share-based compensation expense was recognized during the quarters ended March 31, 2022 or March 31, 2021. The following is a summary of share-based compensation, stock option and warrant activity as of March 31, 2022 and changes during the quarter then ended: Weighted-Average Aggregate Weighted-Average Remaining Contractual Intrinsic Shares Exercise Price Term (Years) Value Exercisable Options, Rights to Purchase Warrants to Purchase Common Stock and Financing Warrants Outstanding, December 31, 2021 2,932,198 $ 3.51 3.04 $ 3,496,311 Warrants Exercised During Q1 2022 50,000 Exercisable Options, Rights to Purchase Warrants to Purchase Common Stock and Financing Warrants Outstanding, March 31, 2022 2,882,198 $ 3.55 2.80 $ 2,701,678 Outstanding Options, Rights to Purchase Warrants to Purchase Common Stock and Financing Warrants, March 31, 2022 4,877,198 $ 3.34 2.81 $ 5,264,178 Stock Buy-back Transactions with a Non-Affiliate Stockholder and Retirement of 72,000 Shares of Common Stock Held in Treasury On November 24, 2020, LFTD Partners purchased 36,000 shares of common stock of the Company from a non-affiliate stockholder in a private transaction for $0.95 per share for a total of $34,200. These shares were held in treasury until August 31, 2021, which is when the Company retired them. The retirement of these shares was accounted for under the cost method of accounting. On January 8, 2021, LFTD Partners Inc. purchased 36,000 shares of common stock of the Company from a non-affiliate stockholder in a private transaction for $0.95 per share for a total of $34,200. These shares were held in treasury until August 31, 2021, which is when the Company retired them. The retirement of these shares was accounted for under the cost method of accounting. Exercise of Warrant by a Non-Affiliated Entity On February 19, 2022, an entity non-affiliated with the Company exercised an option to purchase 50,000 shares of unregistered common stock of the Company at an exercise price of $1.00 per share, which the entity paid. Stock Buy-back Transactions with a Non-Affiliate Stockholder Stock and Retirement of 100,000 Shares of Common Stock On March 1, 2022, LFTD Partners signed an agreement to purchase a total of 100,000 shares of common stock of the Company from a non-affiliate stockholder in a private transaction for $1.50 per share for a total purchase price of $150,000. On March 8, 2022, all 100,000 shares were transferred to the Company and immediately cancelled.

CONTINGENT CONTRACTUAL OBLIGATI

CONTINGENT CONTRACTUAL OBLIGATIONS AND COMMERCIAL COMMITMENTS	3 Months Ended
	Mar. 31, 2022
CONTINGENT CONTRACTUAL OBLIGATIONS AND COMMERCIAL COMMITMENTS
Contingent Contractual Obligations And Commercial Commitments	NOTE 12 – CONTINGENT CONTRACTUAL OBLIGATIONS AND COMMERCIAL COMMITMENTS Operating and Finance Lease Right-of-Use Assets Lifted does not own any physical properties. Lease of Building Located at 5511 95th Ave, Kenosha, Wisconsin On December 18, 2020, Lifted as tenant entered into a Lease Agreement (the “Lease) with 95th Holdings, LLC (“Landlord”) for office, laboratory and warehouse space in a building located at 5511 95 th Landlord is an entity owned directly or indirectly by NWarrender, the Company’s Vice Chairman and COO, the CEO of Lifted, and the largest stockholder of the Company as the beneficial owner of 3,900,455 shares of common stock of the Company. Due to the potential conflict of interest, the terms and conditions of the Lease were negotiated on behalf of Lifted by Vincent J. Mesolella, the Lead Outside Director of the Company. Landlord and Lifted were represented by their own independent legal counsel in connection with the Lease. Under the terms of the Lease, NWarrender is able to benefit through his ownership of Landlord by Landlord’s receiving rent and eventually selling the Premises to Lifted. Lifted constructed improvements to the Premises including a clean room, and gradually moved into the Premises over the course of the first quarter of 2021. Under the terms of the “triple-net” Lease, starting on January 1, 2021, Lifted leased approximately 11,238 square feet at the Premises at $6.13 per square foot per year in base rent ($68,888.94 in 2021), which is subject to a 2% increase in base rent each year, plus certain operating expenses and taxes. The Lease will continue until midnight on the fifth Under the terms of the Omnibus Agreement, Lifted is obligated to purchase the Premises from Landlord on or before December 31, 2022 for a fixed purchase price of $1,375,000. As a result, as of December 31, 2021, the Company modified its methodology for accounting of this finance lease (the “Modification Date”), such that the only liability recognized as of December 31, 2021 was a current (within one year) liability, and there was no long-term liability recognized. An immaterial loss on lease modification of $1,446 was also recognized as of the Modification Date. The Finance Lease Right-of-Use Asset value was reduced to reflect the fixed purchase price agreed to under the Omnibus Agreement. The Finance Lease Right-of-Use Asset will be amortized over its useful life (39 years) on a prospective basis from the Modification Date. That is, the Finance Lease Right-of-Use Asset was previously amortized over the lease term, but given mandatory purchase by December 31, 2022, the Finance Lease Right-of-Use Asset will be amortized over 39 years starting on the Modification Date. Lease of Space Located at 8920 58th Place, Suite 850, Kenosha, Wisconsin On September 23, 2021, Lifted entered into a Lease Agreement (the “58 th th th The term of the 58 th th th Under the terms of the 58 th th Rent Schedule Date Base Monthly Rent 10/01/2021 – 09/30/2022 $ 2,395.84 10/01/2022 – 09/30/2023 $ 2,467.72 10/01/2023 – 09/30/2024 $ 2,541.75 Lease of Space Located at 8910 58th Place, Suites 600 and 700, Kenosha, Wisconsin On November 17, 2021, Lifted entered into a Lease Agreement (the “Second 58 th th The term of the Second 58 th th th th Under the terms of the Second 58 th Rent Schedule Date Base Monthly Rent 01/01/2022 – 12/31/2022 $ 4,000.00 01/01/2023 – 12/31/2023 $ 4,120.00 01/01/2024 – 12/31/2024 $ 4,243.60 01/01/2025 – 12/31/2025 $ 4,370.91 01/01/2026 – 12/31/2026 $ 4,502.34 Lifted will also be responsible for paying its proportionate share of real estate taxes and other operating costs. Lease of Space in Zion, Illinois From June 1, 2018 through June 1, 2021, Lifted rented 3,300 square feet of space located in Zion, Illinois, for manufacturing, warehousing and office space. From June 1, 2021 through November 2021, Lifted leased such space on a month-to-month basis. From May 2020 until April 1, 2021, Lifted also temporarily used additional space located adjacent to its rented space in Zion, Illinois, and made payments in lieu of rent therefor. Third Party Facilities From time to time, the Company maintains inventory at third party copacker facilities around the USA. Balance Sheet Classification of Operating Lease Assets and Liabilities Asset Balance Sheet Line March 31, 2022 Operating Lease Right-of-Use Asset, net of Right-of-Use Asset Amortization of $24,220 Non-Current Assets $ 283,262 Liability Balance Sheet Line March 31, 2022 Operating Lease Liabilities Current Liabilities $ 64,674 Non-Current Liabilities $ 219,766 Balance Sheet Classification of Finance Lease Assets and Liabilities Asset Balance Sheet Line March 31, 2022 Finance Lease Right-of-Use Asset, net of Right-of-Use Asset Amortization of $265,213 Non-Current Assets $ 1,215,195 Liability Balance Sheet Line March 31, 2022 Finance Lease Liabilities Current Liabilities $ 1,257,197 Lease Costs The table below summarizes the components of lease costs for the following periods: Lease Cost: Three Months Ended March 31, 2022 Three Months Ended March 31, 2021 Finance lease expense: Amortization of Right-of-Use Assets $ 12,337 $ 12,337 Interest on lease liabilities 11,289 13,260 Operating lease expense 20,147 4,800 Total $ 43,773 $ 30,397 As described in Note 1, a portion of monthly overhead costs such as lease expense are allocated to finished goods. For example, monthly overhead costs such as payments for rent, utilities, insurance, and indirect labor are allocated to finished goods based on the estimated percentage cost toward the finished goods. Depreciation expense related to certain machinery and equipment is also allocated to finished goods. Maturity Analysis as of March 31, 2022: Finance Operating 2022 $ 1,427,700 $ 57,778 2023 - 79,275 2024 - 73,799 2025 - 52,451 2026 - 54,028 Thereafter - - Total 1,427,700 317,331 Less: Present value discount (170,503 ) (32,891 ) Lease liability $ 1,257,197 $ 284,440 Potential Issuance of Warrants to Purchase Shares of Common Stock of the Company The Compensation Committee of the Company’s Board of Directors may, from time to time, recommend that certain warrants to purchase shares of common stock of the Company should be issued to new or current members of the Company’s Board of Directors, to officers and employees of the Company and its subsidiaries, or to members of any advisory board or consultants to the Company. Bonus to Lifted’s Chief Strategy Officer Lifted’s Chief Strategy Officer hired on July 1, 2021 has developed and implemented certain important strategies which have assisted Lifted’s efforts to increase its production, fulfillment and sales capabilities. This employee’s two-year agreement with Lifted entitles such Chief Strategy Officer to be paid an annual salary of $180,000 plus a bonus equal to 5% of total net sales for Lifted in excess of $6,000,000 per quarter. At March 31, 2022, the bonus payable to the Chief Strategy Officer totaled $604,444. This bonus is accrued for in the Accounts Payable and Accrued Expenses account on the Consolidated Balance Sheets.

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS	3 Months Ended
	Mar. 31, 2022
LEGAL PROCEEDINGS
Legal Proceedings	NOTE 13 – LEGAL PROCEEDINGS The Company The Company Lifted currently is involved in two pending lawsuits, as the plaintiff: (1) Lifted Liquids, Inc. v. Girish GPO, Inc., Girish Ray, and the Law Offices of Saul Roffe – (2) Lifted Liquids, Inc. v. Asad Awawdeh and Habib Cash and Carry SD, Inc. – Lifted currently is involved in one pending lawsuit, as the defendant: (1) Martha, Edgar v. Lifted Liquids – On February 1, 2022, Lifted entered into a settlement agreement that was mutually acceptable to the parties which has resolved the following lawsuit: (1) Lifted Liquids, Inc. v. Monkey Bones Distribution LLC (United States Circuit Court for Kenosha County of the State of Wisconsin; Civil Case No. 2021 CV 001196). In December 2021, our wholly-owned subsidiary Lifted sued distributor Monkey Bones Distribution, LLC for breach of contract for its failure to pay funds due under the agreement between the parties. In February 2022, the parties settled the litigation and agreed to mutual releases and dismissal of the lawsuit in exchange for $36,100.28 paid by Monkey Bones to Lifted Liquids and 15,000 custom gray scale empty disposable devices delivered to Monkey Bones by Lifted Liquids. The parties performed the settlement agreement and the matter was dismissed on February 3, 2022.

COMPANY WIDE MANAGEMENT BONUS P

COMPANY WIDE MANAGEMENT BONUS POOL	3 Months Ended
	Mar. 31, 2022
COMPANY WIDE MANAGEMENT BONUS POOL
Company Wide Management Bonus Pool	NOTE 14 – COMPANY-WIDE MANAGEMENT BONUS POOL Pursuant to the employment agreements entered into between the Company and its three principal executives Gerard M. Jacobs, William C. “Jake” Jacobs, and Nicholas S. Warrender (individually, “Executive”), the Company is obligated to compensate management of the Company via a management bonus pool. For each fiscal year during the Employment Term, the Executive shall be eligible to be considered for an annual bonus (the “Annual Bonus”) as part of a Company-wide management bonus pool arrangement. During the fourth quarter of each year, the Chairman of the Compensation Committee of the Board (the “Compensation Committee”) shall recommend in writing a consolidated earnings before interest, taxes, depreciation and amortization (“EBITDA”) target (each, a “Target”) for the following year (the “Target Year”), which Target must be approved in writing by each of the following for as long as he remains employed by the Company: Gerard M. Jacobs, William C. Jacobs, and Nicholas S. Warrender (collectively, and with respect to each for only as long as he is an employee of the Company, the “Executive Management Group”). If the Chairman of the Compensation Committee does not recommend in writing a Target for a Target Year that is approved in writing by all of the members of the Executive Management Group prior to the commencement of the Target Year, then the Target for the Target Year shall be equal to the actual consolidated EBITDA of the Company and its subsidiaries during the then-current year (i.e., the year preceding the Target Year) as certified in writing by the Company’s outside firm of independent certified public accountants. If the actual consolidated EBITDA of the Company and its subsidiaries during the Target Year as certified in writing by the Company’s outside firm of independent certified public accountants exceeds the Target (the amount by which the actual consolidated EBITDA of the Company and its subsidiaries during the Target Year as certified in writing by the Company’s outside firm of independent certified public accountants exceeds the Target, the “Excess Amount”), then cash equal to 33% of the Excess Amount shall be set aside by the Company as a cash management bonus pool (the “Bonus Pool”), and the amount of the Bonus Pool shall be allocated and paid out by the Company as bonuses or fees to the officers of the Company and its subsidiaries (and potentially, to directors or third parties who have significantly helped the Company and its subsidiaries during the Target Year), with the amount to be paid to each payee, including the amount of any Annual Bonus to be paid to the Executive, to be determined by unanimous written agreement of the Executive Management Group, in their sole discretion. The Executive expressly agrees and acknowledges that the amount of the Annual Bonus (if any) allocated and paid to the Executive as so determined by unanimous written agreement of the Executive Management Group shall be final, non-appealable, and binding upon the Executive, regardless of whether the Executive receives any Annual Bonus, and regardless of whether any Annual Bonus received by the Executive is higher or lower than any other person’s bonus, under any and all circumstances whatsoever. The Company shall pay the Executive the Annual Bonus, if any, no later than March 15th of the year following the applicable Target Year.) In the event that there is funding for the Bonus Pool but the Executive Management Group does not reach a unanimous decision on Bonus allocations, then no annual bonus shall be paid. The Annual Bonus Pool would then be placed in escrow and the Executive Management Group would mediate. The company-wide Bonus Pool for 2021 was $1,559,334 (the “Modified 2021 Bonus Pool Amount”), which was the aggregate amount that was accrued for in LIFD’s financial statements covering the period from January 1, 2021 through September 30, 2021. The Modified 2021 Bonus Pool Amount was distributed during the quarter ended March 31, 2022. Pursuant to the Amended Omnibus Agreement, the 2022 company-wide bonus pool shall not be allowed to be accrued or paid by LIFD if and to the extent that doing so would decrease LIFD’s 2022 diluted earnings per share of common stock below $0.56 per share. As of March 31, 2022, the Company reported a company-wide bonus pool accrual of $969,370. In comparison, as of December 31, 2021, the Company reported a company-wide bonus pool accrual of $1,556,055.

INCOME TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2022
INCOME TAXES
Income Taxes	NOTE 15 – INCOME TAXES On December 22, 2017, the U.S. government enacted comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs Act (the “Tax Act”). The Tax Act reduced the U.S. federal statutory tax rate, broadened the corporate tax base through the elimination or reduction of deductions, exclusions, and credits, limited the ability of U.S. corporations to deduct interest expense, and transitioned to a territorial tax system which allows for the repatriation of foreign earnings to the U.S. with a 100% federal dividends received deduction prospectively. In addition, the Tax Act required a one-time transitional tax on foreign cash equivalents and previously unremitted earnings. Several of the new provisions enacted as part of the Tax Act require clarification and guidance from the U.S. Internal Revenue Service (“IRS”) and Treasury Department. These or other changes in U.S. tax laws could impact our profits, effective tax rate, and cash flows. Significant components on the Company’s income tax provision (benefit) for continuing operations is as follows: For the Three Months Ended March 31, 2022 2021 Current Domestic-Federal $ 582,618 $ - Domestic-State 321,405 904,024 - Deferred Domestic-Federal 230,593 - Domestic-State 64,861 - 295,454 - Total Provision (Benefit) for Income Taxes $ 1,199,478 $ - The Company currently believes that all significant filing positions are highly certain and that all of its significant income tax filing positions and deductions would be sustained upon audit. Therefore, the Company has no significant reserves for uncertain tax positions and no adjustments to such reserves were required by generally accepted accounting principles. The Company’s policy is to recognize accrued interest and penalties related to unrecognized tax benefits in the provision for income taxes. The Company’s tax returns are subject to examination for the years ended December 31, 2016 through 2021. A reconciliation of the amount of tax provision (benefit) computed using the U.S. federal statutory income tax rate to the provision (benefit) for income taxes on continuing operations is as follows: For the Three Months Ended March 31, 2022 2021 Domestic-Federal $ 870,297 $ 129,855 State tax benefit, net of federal benefit 341,567 37,369 Non-deductible expenses 1,972 1,349 Change in estimated future income tax rates (131,918 ) - Change in valuation allowance 117,560 (168,573 ) Total Provision (Benefit) for Income Taxes $ 1,199,478 $ - Deferred tax assets and liabilities as of March 31, 2022 and December 31, 2021 were as follows: March 31, December 31, 2022 2021 Deferred Tax Assets: Stock-based compensation $ 2,831,970 $ 2,714,410 Accrued Related Party Expenses 4,676 259,463 Impairment of SmplyLifted Note and Other Receivables - 105,124 Allowance for Doubtful Accounts 137,433 64,661 Other 11,950 8,725 Less: Valuation allowance (2,831,970 ) (2,714,410 ) Total Deferred Tax Assets 154,060 437,973 Deferred Tax Liabilities: Depreciation & Amortization (117,963 ) (105,143 ) Other - (1,279 ) Total Deferred Tax Liabilities (117,963 ) (106,422 ) Net Deferred Tax Assets $ 36,096 $ 331,551

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2022
SUBSEQUENT EVENTS
Subsequent Events	NOTE 16 – SUBSEQUENT EVENTS Management of the Company has evaluated the events that have occurred through the date of the filing of this quarterly report on Form 10-Q and has noted the following subsequent events for disclosure purposes: Conversion of Series A Preferred Stock by a Non-Affiliated Shareholder On April 1, 2022, a non-affiliated shareholder of the Company converted his 1,000 shares of Series A Preferred Stock into 100,000 shares of unregistered common stock of the Company. Conversion of Series A Preferred Stock by a Non-Affiliated Shareholder On April 14, 2022, a non-affiliated shareholder of the Company converted 250 shares of his Series A Preferred Stock into 25,000 shares of unregistered common stock of the Company.

BASIS OF PRESENTATION AND SIG_2

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2022
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Policies)
Consolidated Financial Statements	Consolidated Financial Statements
Use Of Estimates	Use of Estimates
Cash And Cash Equivalents	Cash and Cash Equivalents
Notes Receivable	Notes Receivable
Fair Value Of Financial Instruments	Fair Value of Financial Instruments Accounting Standards Codification (“ASC”) 820 defines fair value, establishes a framework for measuring fair value under GAAP and enhances disclosures about fair value measurements. Fair value is defined under ASC 820 as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value under ASC 820 must maximize the use of observable inputs and minimize the use of unobservable inputs. The standard describes a fair-value hierarchy based on three levels of inputs, of which the first two are considered observable and the last unobservable, that may be used to measure fair value as follows: Level 1 – Level 2 – Level 3 – SmplyLifted LLC, Ablis Holding Company, Bendistillery Inc. and Bend Spirits, Inc. are not publicly traded, and as such their financial instruments are Level 3 unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.
Accounts Receivable	Accounts Receivable As described in “ Description of Certain Key Provisions of the Transaction Documents Relating to the Lifted Merger Agreement
Inventory	Inventory March 31, 2022 December 31, 2021 Raw Goods $ 4,364,744 $ 2,927,727 Finished Goods $ 1,555,731 $ 882,217 Total Inventory $ 5,920,475 $ 3,809,944 Monthly overhead costs such as payments for rent, utilities, insurance, and indirect labor are allocated to finished goods based on the estimated percentage cost toward the finished goods. Depreciation expense related to certain machinery and equipment is also allocated to finished goods. At March 31, 2022, $88,599 of overhead costs were allocated to finished goods. In comparison, During the quarter ended March 31, 2021, $16,472 of overhead costs were allocated to finished goods. As described in “ Description of Certain Key Provisions of the Transaction Documents Relating to the Lifted Merger Agreement During the quarter ended March 31, 2022, $561,417 of obsolete and spoiled inventory was written off. In comparison, during the quarter ended March 31, 2021, $38,561 of obsolete and spoiled inventory was written off. The process of determining obsolete inventory during the quarter involved: 1) Identifying raw goods that would no longer be used in the manufacture of finished goods; 2) Identifying finished goods that would no longer be sold or that are slow moving; and 3) Valuing and expensing raw and finished goods that would no longer be sold. Fixed Assets Management regularly reviews property and equipment and other long-lived assets for possible impairment. This review occurs annually, or more frequently if events or changes in circumstances indicate the carrying amount of the asset may not be recoverable. If there is indication of impairment, management then prepares an estimate of future cash flows (undiscounted and without interest charges) expected to result from the use of the asset and its eventual disposition. If these cash flows are less than the carrying amount of the asset, an impairment loss is recognized to write down the asset to its estimated fair value. The fair value is estimated using the present value of the future cash flows discounted at a rate commensurate with management’s estimates of the business risks. Preparation of estimated expected future cash flows is inherently subjective and is based on management’s best estimate of assumptions concerning expected future conditions. Long-lived assets held for sale are recorded at the lower of their carrying amount or fair value less cost to sell.
Security Deposit	Security Deposits The Company has not paid a security deposit for its leased facility located at 5511 95 th The Company has paid security deposits for its leased facilities located at 8920 58 th th State Licensing Deposits
Revenue	Revenue The majority of the Company’s sales are of branded products goods to distributors, wholesalers, and end consumers. A minority of the Company’s sales are of raw goods to manufacturers, distributors and wholesalers. The majority of the Company’s sales are to distributors, followed by the Company’s sales to wholesalers, and then the Company’s sales to end consumers. Distributors primarily sell Lifted’s products to vape and smoke shops, stores specializing in cannabinoid-infused products, convenience stores, health food stores, and other outlets. Typically, the Company’s revenue is recognized when it satisfies a single performance obligation by transferring control of its products to a customer. Control is generally transferred when the Company’s products are either shipped or delivered based on the terms contained within the underlying contracts or agreements. If the shipping terms on a sale are FOB destination, the revenue is deferred until the product reaches its destination. The Company excludes from revenues all taxes assessed by a governmental authority that are imposed on the sale of its products and collected from customers. Discounts and rebates are to customers are recorded as a reduction to gross sales. Management believes that adequate provision has been made for cash discounts, returns and spoilage based on the Company’s historical experience. Described below are some of the reasons why a customer may want to return an ordered item, and how the Company responds in each situation: 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. Historically, the scenarios described above have occurred infrequently, and occurrences have been immaterial. Disaggregation of Revenue During the quarter ended March 31, 2022, approximately 99.9% of the Company’s sales occurred inside of the United States of America. During the quarter ended March 31, 2021, all of the Company’s sales occurred inside of the United States of America. The Company has considered providing disaggregation of revenue by information regularly reviewed by the chief operating decision maker for evaluating the financial performance of operating segments, such as type of good, geographical region, market or type of customer, type of contract, contract duration, timing of transfer of goods, and sales channels. Due to the rapidly evolving nature of our industry, the Company is constantly launching new products to stay ahead of trends, finding new sales channels, initiating new distribution networks and modifying the prices of its products. Shown below is a table showing the approximate disaggregation of historical revenue: Type of Sale For the three months ended March 31, 2021 % of Net Sales for the three months ended March 31, 2021 For the three months ended March 31, 2022 % of Net Sales During the three months ended March 31, 2022 Net sales of raw materials to customers $ 10,696 0 % $ 5,382 0 % Net sales of products to private label clients $ 758,140 23 % $ 84,142 0 % Net sales of products to wholesalers $ 612,041 18 % $ 2,475,208 14 % Net sales of products to distributors $ 1,728,794 52 % $ 13,389,283 74 % Net sales of products to end consumers $ 243,598 7 % $ 2,134,863 12 % Net Sales $ 3,353,270 100 % $ 18,088,877 100 % Deferred Revenue Amounts received from a customer before the purchased product is shipped to the customer is treated as deferred revenue. If cash is not received, an accounts receivable is recognized for invoiced orders, but revenue is not recognized until an order is fully shipped. Accounts receivable includes amounts associated with partially shipped orders, for which the unshipped portion is a contract asset. Contract assets represent invoiced but unfulfilled performance obligations. 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 March 31, 2022 and December 31, 2021. March 31, 2022 December 31, 2021 Contract Assets (invoiced but unfulfilled performance obligations) $ 779,706 $ 1,650,258 Deposits from customers for unfulfilled orders $ 100,000 $ 524,135 Total Deferred Revenue $ 879,706 $ 2,174,393
Cost Of Goods Sold	Cost of Goods Sold
Operating Expenses	Operating Expenses
Income Taxes	Income Taxes
Basic And Diluted Earnings (loss) Per Common Share	Basic and Diluted Earnings (Loss) Per Common Share For the Three Months Ended March 31, 2022 2021 Net Income/(Loss) $ 2,944,793 $ 618,359 Weighted average number of common shares outstanding: Basic 14,017,578 7,456,925 Diluted 15,924,776 16,084,794 Basic Net Income (Loss) per Common Share $ 0.21 $ 0.08 Diluted Net Income (Loss) per Common Share $ 0.18 $ 0.04 As of March 31, 2022, in addition to our outstanding common stock, we have issued (a) options to purchase 1,076,698 shares of common stock at $2.00 per share, (b) warrants to purchase 155,500 shares of common stock at $1 per share, (d) rights to purchase warrants to purchase 1,350,000 shares of common stock at $1.85 per share, and (e) warrants to purchase 2,295,000 shares of common stock at $5.00 per share. Regarding the aforementioned rights to purchase warrants to purchase 1,350,000 shares of common stock at $1.85 per share: of these, rights to purchase warrants to purchase 1.25 million shares of our common stock are not vested and are not exercisable until a performance contingency is met. Regarding the aforementioned warrants to purchase 2,295,000 shares of our common stock at an exercise price of $5.00 per share: of the total, warrants to purchase 1,650,000 shares of our common stock are vested, while the remaining warrants to purchase 645,000 shares of our common stock are not vested and are subject to certain conditions and requirements. At March 31, 2022, the Company had Series A Preferred Stock outstanding convertible into 575,000 shares of common stock; these are included in the diluted earnings calculation. At March 31, 2022, the Company had Series B Preferred Stock outstanding convertible into 40,000 shares of common stock; these are not included in the diluted earnings calculation because the exercise price ($5/share) was higher than the stock closing price at March 31, 2022 ($3.90/share). In comparison, as of March 31, 2021, in addition to our outstanding common stock, there were outstanding (a) options to purchase 1,151,698 shares of common stock at $2.00 per share, (b) warrants to purchase 403,921 shares of common stock at $1 per share, (c) warrants to purchase 6,000 shares of common stock at $5 per share, (d) rights to purchase warrants to purchase 2,625,000 shares of common stock at between $0.01 and $1.85 per share, (e) financing warrants to purchase 31,250 shares of common stock at $0.03 per share, and (f) warrants to purchase 2,295,000 shares of common stock at $5.00 per share. Regarding the aforementioned rights to purchase warrants to purchase 2,625,000 shares of common stock at between $0.01 and $1.85 per share outstanding at March 31, 2021: of these, rights to purchase warrants to purchase 1.25 million shares of our common stock are not vested and are not exercisable until a performance contingency is met. Regarding the aforementioned warrants to purchase 2,295,000 shares of our common stock at an exercise price of $5.00 per share outstanding at March 31, 2021: of the total, warrants to purchase 1,650,000 shares of our common stock are vested, while the remaining warrants to purchase 645,000 shares of our common stock are not vested and are subject to certain conditions and requirements. Also outstanding at March 31, 2021, the Company had Series A Preferred Stock outstanding convertible into 3,325,000 shares of common stock; these are included in the diluted earnings calculation. At March 31, 2021, the Company also had Series B Preferred Stock outstanding convertible into 40,000 shares of common stock; these are also included in the diluted earnings calculation.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes On August 5, 2020, the FASB issued ASU No. 2020-06, Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging— Contracts in Entity’s Own Equity (Subtopic 815-40) The Company is researching what other pronouncements may be applicable to the Company’s accounting and whether or not any other pronouncements should be adopted.
Advertising And Marketing Expenses	Advertising and Marketing Expenses
Compensated Absences	Compensated Absences
Off Balance Sheet Arrangements	Off-Balance Sheet Arrangements
Reclassifications	Reclassifications

Basis of Presentation and Sig_3

Basis of Presentation and Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2022
Basis of Presentation and Significant Accounting Policies (Tables)
Schedule Of Inventory	March 31, 2022 December 31, 2021 Raw Goods $ 4,364,744 $ 2,927,727 Finished Goods $ 1,555,731 $ 882,217 Total Inventory $ 5,920,475 $ 3,809,944
Schedule Of Deferred Revenue	March 31, 2022 December 31, 2021 Contract Assets (invoiced but unfulfilled performance obligations) $ 779,706 $ 1,650,258 Deposits from customers for unfulfilled orders $ 100,000 $ 524,135 Total Deferred Revenue $ 879,706 $ 2,174,393
Schedule Of Historical Revenue	Type of Sale For the three months ended March 31, 2021 % of Net Sales for the three months ended March 31, 2021 For the three months ended March 31, 2022 % of Net Sales During the three months ended March 31, 2022 Net sales of raw materials to customers $ 10,696 0 % $ 5,382 0 % Net sales of products to private label clients $ 758,140 23 % $ 84,142 0 % Net sales of products to wholesalers $ 612,041 18 % $ 2,475,208 14 % Net sales of products to distributors $ 1,728,794 52 % $ 13,389,283 74 % Net sales of products to end consumers $ 243,598 7 % $ 2,134,863 12 % Net Sales $ 3,353,270 100 % $ 18,088,877 100 %
Schedule Of Earnings Per Share, Basic And Diluted	For the Three Months Ended March 31, 2022 2021 Net Income/(Loss) $ 2,944,793 $ 618,359 Weighted average number of common shares outstanding: Basic 14,017,578 7,456,925 Diluted 15,924,776 16,084,794 Basic Net Income (Loss) per Common Share $ 0.21 $ 0.08 Diluted Net Income (Loss) per Common Share $ 0.18 $ 0.04

SELECTED QUARTERLY FINANCIAL _2

SELECTED QUARTERLY FINANCIAL INFORMATION Quarterly Financial Information (Tables)	3 Months Ended
	Mar. 31, 2022
Quarterly Financial Information	For the Three Months Ended March 31, 2022 For the Three Months Ended December 31, 2021 For the Three Months Ended September 30, 2021 For the Three Months Ended June 30, 2021 For the Three Months Ended March 31, 2021 For the Three Months Ended December 31, 2020 For the Three Months Ended September 30, 2020 Net Sales $ 18,088,877 $ 12,787,566 $ 8,820,952 $ 6,695,144 $ 3,353,270 $ 2,196,518 $ 1,509,437 Cost of Goods Sold 10,103,893 6,252,549 4,720,057 3,035,630 1,707,523 1,312,946 878,327 Gross Profit 7,984,984 6,535,017 4,100,895 3,659,515 1,645,747 883,572 631,110 Operating Expenses: Payroll, Consulting and Independent Contractor Expenses 1,854,151 1,719,305 803,796 791,000 307,524 211,851 275,149 Accrual for Company-Wide Management Bonus Pool 969,370 - 400,000 816,388 342,947 - - Management Bonuses - 650,000 - - - - - Professional Fees 117,226 133,300 139,526 133,892 93,033 80,810 50,235 Bank Charges and Merchant Fees 133,036 103,647 104,485 118,055 66,570 27,824 14,702 Advertising and Marketing 105,601 100,446 86,438 98,133 52,027 22,384 26,670 Bad Debt Expense 248,000 299,000 61,449 19,196 977 2,915 94,251 Depreciation and Amortization 2,703 5,805 16,344 26,215 41,783 5,245 5,092 Other Operating Expenses 382,462 278,024 170,820 99,773 80,394 56,902 51,289 Total Operating Expenses 3,812,549 3,289,526 1,782,858 2,102,652 985,254 407,931 517,388 Income From Operations 4,172,436 3,245,491 2,318,037 1,556,863 660,493 475,641 113,722 Other Income/(Expenses) Income/(Loss) From 50% membership interest in SmplyLifted LLC (FR3SH) - (100,172 ) (44,858 ) (43,330 ) (7,211 ) (4,429 ) - Impairment of Investment in SimplyLifted - (388,727 ) - - - - - Income from SmplyLifted for WCJ Labor - 144 313 769 1,072 - - Loss on Lease Modification - (1,445 ) - - - - - Interest Expense (31,731 ) (35,314 ) (35,368 ) (35,398 ) (36,347 ) (19,281 ) (19,281 ) Dividend Income - 2,495 - - - 2,495 - Warehouse Buildout Credits - - - 600 600 600 600 Penalties (1,952 ) (5,434 ) (2,162 ) - (450 ) - - Gain on Forgiveness of Debt 5,026 521 - 151,147 - 81,272 - Settlement Income/Gain on Settlement - - - - - 12,500 - Gain(Loss) on Disposal of Fixed Assets - - - (4,750 ) - - - Loss on Deposits - (1,600 ) - (30,000 ) - - - Interest Income 491 694 217 253 202 733 782 Total Other Income/(Expenses) (28,165 ) (528,837 ) (81,859 ) 39,292 42,134 ) 73,890 (17,899 ) Income Before Provision for Income Taxes 4,144,270 2,716,654 2,236,178 1,596,154 618,359 549,531 95,823 Provision for Income Taxes (1,199,478 ) (1,367,362 ) - - - - - Net Income Attributable to LFTD Partners Inc. common stockholders $ 2,944,793 $ 1,349,292 $ 2,236,178 $ 1,596,154 $ 618,359 $ 549,531 $ 95,823 Earnings Per Common Share Attributable to LFTD Partners Inc. common shareholders: Basic $ 0.21 $ 0.10 $ 0.17 $ 0.14 $ 0.08 $ 0.06 $ 0.01 Diluted $ 0.18 $ 0.08 $ 0.14 $ 0.11 $ 0.04 $ 0.02 $ 0.01 Weighted average number of common shares outstanding Basic 14,017,578 14,005,567 13,015,717 11,042,657 7,456,925 6,463,301 6,460,236 Diluted 15,924,776 15,962,765 16,257,915 14,381,105 16,084,794 16,040,170 6,460,236

PROPERTY AND EQUIPMENT NET (Tab

PROPERTY AND EQUIPMENT NET (Tables)	3 Months Ended
	Mar. 31, 2022
PROPERTY AND EQUIPMENT NET (Tables)
Schedule Of Property And Equipment	Asset Class March 31, 2022 December 31, 2021 Machinery & Equipment $ 258,533 $ 258,533 Leasehold Improvements - Kenosha $ 154,485 $ 152,985 Trade Show Booths $ 23,488 $ 23,488 Vehicles $ 75,047 $ 22,309 Computer Equipment $ 7,312 $ 7,312 Furniture & Fixtures $ 46,553 $ 46,553 Sub-total: $ 565,418 $ 511,180 Less: accumulated depreciation $ (106,067 ) $ (77,967 ) $ 459,351 $ 433,213
Schedule Of Estimated Useful Lives	Asset Class Estimated Useful Life Machinery & Equipment 60 months Leasehold Improvements 60 months Trade Show Booths 36 months Vehicles 60 months Computer Equipment 60 months Furniture & Fixtures 60 months

SHAREHOLDERS EQUITY (Tables)

SHAREHOLDERS EQUITY (Tables)	3 Months Ended
	Mar. 31, 2022
Basis of Presentation and Significant Accounting Policies (Tables)
Schedule Of Share-based Compensation, Stock Options And Warrant Activity	Weighted-Average Aggregate Weighted-Average Remaining Contractual Intrinsic Shares Exercise Price Term (Years) Value Exercisable Options, Rights to Purchase Warrants to Purchase Common Stock and Financing Warrants Outstanding, December 31, 2021 2,932,198 $ 3.51 3.04 $ 3,496,311 Warrants Exercised During Q1 2022 50,000 Exercisable Options, Rights to Purchase Warrants to Purchase Common Stock and Financing Warrants Outstanding, March 31, 2022 2,882,198 $ 3.55 2.80 $ 2,701,678 Outstanding Options, Rights to Purchase Warrants to Purchase Common Stock and Financing Warrants, March 31, 2022 4,877,198 $ 3.34 2.81 $ 5,264,178

CONTINGENT CONTRACTUAL OBLIGA_2

CONTINGENT CONTRACTUAL OBLIGATIONS AND COMMERCIAL COMMITMENTS (Tables)	3 Months Ended
	Mar. 31, 2022
CONTINGENT CONTRACTUAL OBLIGATIONS AND COMMERCIAL COMMITMENTS (Tables)
Rent Schedule	Date Base Monthly Rent 10/01/2021 – 09/30/2022 $ 2,395.84 10/01/2022 – 09/30/2023 $ 2,467.72 10/01/2023 – 09/30/2024 $ 2,541.75 Date Base Monthly Rent 01/01/2022 – 12/31/2022 $ 4,000.00 01/01/2023 – 12/31/2023 $ 4,120.00 01/01/2024 – 12/31/2024 $ 4,243.60 01/01/2025 – 12/31/2025 $ 4,370.91 01/01/2026 – 12/31/2026 $ 4,502.34
Schedule Of Operating Lease Assets And Liabilities	Asset Balance Sheet Line March 31, 2022 Operating Lease Right-of-Use Asset, net of Right-of-Use Asset Amortization of $24,220 Non-Current Assets $ 283,262 Liability Balance Sheet Line March 31, 2022 Operating Lease Liabilities Current Liabilities $ 64,674 Non-Current Liabilities $ 219,766 Asset Balance Sheet Line March 31, 2022 Finance Lease Right-of-Use Asset, net of Right-of-Use Asset Amortization of $265,213 Non-Current Assets $ 1,215,195 Liability Balance Sheet Line March 31, 2022 Finance Lease Liabilities Current Liabilities $ 1,257,197
Schedule Of Lease Cost	Lease Cost: Three Months Ended March 31, 2022 Three Months Ended March 31, 2021 Finance lease expense: Amortization of Right-of-Use Assets $ 12,337 $ 12,337 Interest on lease liabilities 11,289 13,260 Operating lease expense 20,147 4,800 Total $ 43,773 $ 30,397
Schedule Of Lease Liability	Finance Operating 2022 $ 1,427,700 $ 57,778 2023 - 79,275 2024 - 73,799 2025 - 52,451 2026 - 54,028 Thereafter - - Total 1,427,700 317,331 Less: Present value discount (170,503 ) (32,891 ) Lease liability $ 1,257,197 $ 284,440

INCOME TAXES (Tables)

INCOME TAXES (Tables)	3 Months Ended
	Mar. 31, 2022
INCOME TAXES (Tables)
Schedule Of Provision For Income Taxes	For the Three Months Ended March 31, 2022 2021 Current Domestic-Federal $ 582,618 $ - Domestic-State 321,405 904,024 - Deferred Domestic-Federal 230,593 - Domestic-State 64,861 - 295,454 - Total Provision (Benefit) for Income Taxes $ 1,199,478 $ - For the Three Months Ended March 31, 2022 2021 Domestic-Federal $ 870,297 $ 129,855 State tax benefit, net of federal benefit 341,567 37,369 Non-deductible expenses 1,972 1,349 Change in estimated future income tax rates (131,918 ) - Change in valuation allowance 117,560 (168,573 ) Total Provision (Benefit) for Income Taxes $ 1,199,478 $ -
Schedule Of Deferred Tax Assets	March 31, December 31, 2022 2021 Deferred Tax Assets: Stock-based compensation $ 2,831,970 $ 2,714,410 Accrued Related Party Expenses 4,676 259,463 Impairment of SmplyLifted Note and Other Receivables - 105,124 Allowance for Doubtful Accounts 137,433 64,661 Other 11,950 8,725 Less: Valuation allowance (2,831,970 ) (2,714,410 ) Total Deferred Tax Assets 154,060 437,973 Deferred Tax Liabilities: Depreciation & Amortization (117,963 ) (105,143 ) Other - (1,279 ) Total Deferred Tax Liabilities (117,963 ) (106,422 ) Net Deferred Tax Assets $ 36,096 $ 331,551

DESCRIPTION OF THE BUSINESS O_2

DESCRIPTION OF THE BUSINESS OF LFTD PARTNERS INC. (Details Narrative) - USD ($)	Feb. 09, 2022	Jan. 03, 2022	Dec. 30, 2021	Mar. 31, 2022	Mar. 31, 2021	Mar. 01, 2022	May 18, 2021	Apr. 09, 2019
Debt And Equity Offerings						$ 5,000,000
Remaining Amount				$ 2,750,000
Repayment Of Promissory Note				941,562	$ 0
LFTD PARTNERS INC [Member]
Promissory Note		$ 3,750,000	$ 3,750,000					$ 3,750,000
Principal Promissory Note		$ 2,750,000
Description Security Interest		The $2,750,000 Promissory Note payable jointly by the Company and Lifted to NWarrender is secured by a perfected first lien security interest
Description Pay Off		The Company is obligated to pay off the principal of the $2,750,000 Promissory Note in five semi-annual payments to NWarrender of $458,333 and a sixth and final semi-annual payment to NWarrender of $458,335, in each case plus accrued interest, starting on June 30, 2022
Purchase Of Building				$ 1,375,000
Repayment Of Promissory Note		$ 1,000,000
Reloaned Of Promissory Note		$ 2,750,000
Promissory Note Amount			$ 8,000,000
Ownership Interests		2.50%					100.00%	4.99%
Description Membership Interest	Prior to February 9, 2022, Lifted Made had a 50% membership interest in SmplyLifted LLC, which sells tobacco-free nicotine pouches under the brand name FR3SH (www.GETFR3SH.com). On February 9, 2022, Lifted Made sold its 50% membership interest in SmplyLifted LLC to Corner Vapory LLC, an affiliate of NWarrender, CEO of Lifted, for $1, plus ninety-nine percent (99%)

BASIS OF PRESENTATION AND SIG_4

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Details)
Raw Goods	$ 4,364,744	$ 2,927,727
Finished Goods	1,555,731	882,217
Total Inventory	$ 5,920,475	$ 3,809,944

Basis of Presentation and Sig_5

Basis of Presentation and Significant Accounting Policies Disaggregation of Revenue (Details) - USD ($)	3 Months Ended							12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Dec. 31, 2020	Dec. 31, 2019
Net Sales	$ 18,088,877	$ 12,787,566	$ 8,820,952	$ 6,695,144	$ 3,353,270	$ 2,196,518	$ 1,509,437	$ 5,344,320	$ 0
Percentage Of Net Sales	100.00%				100.00%
Customer [Member]
Net Sales	$ 5,382				$ 10,696
Percentage Of Net Sales	0.00%				0.00%
Private Label Clients [Member]
Net Sales	$ 84,142				$ 758,140
Percentage Of Net Sales	0.00%				23.00%
Wholesalers [Member]
Net Sales	$ 2,475,208				$ 612,041
Percentage Of Net Sales	14.00%				18.00%
Distributors [Member]
Net Sales	$ 13,389,283				$ 1,728,794
Percentage Of Net Sales	74.00%				52.00%
End Consumers [Member]
Net Sales	$ 2,134,863				$ 243,598
Percentage Of Net Sales	12.00%				7.00%

BASIS OF PRESENTATION AND SIG_6

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Details 1) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Details)
Contract Assets (invoiced But Unfulfilled Performance Obligations)	$ 779,706	$ 1,650,258
Deposits From Customers For Unfulfilled Orders	100,000	524,135
Total Deferred Revenue	$ 879,706	$ 2,174,393

BASIS OF PRESENTATION AND SIG_7

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Details 2) - USD ($)	3 Months Ended							12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Dec. 31, 2020	Dec. 31, 2019
Net Sales	$ 18,088,877	$ 12,787,566	$ 8,820,952	$ 6,695,144	$ 3,353,270	$ 2,196,518	$ 1,509,437	$ 5,344,320	$ 0
Percentage Of Net Sales	100.00%				100.00%
Customer [Member]
Net Sales	$ 5,382				$ 10,696
Percentage Of Net Sales	0.00%				0.00%
Private Label Clients [Member]
Net Sales	$ 84,142				$ 758,140
Percentage Of Net Sales	0.00%				23.00%
Wholesalers [Member]
Net Sales	$ 2,475,208				$ 612,041
Percentage Of Net Sales	14.00%				18.00%
Distributors [Member]
Net Sales	$ 13,389,283				$ 1,728,794
Percentage Of Net Sales	74.00%				52.00%
End Consumers [Member]
Net Sales	$ 2,134,863				$ 243,598
Percentage Of Net Sales	12.00%				7.00%

BASIS OF PRESENTATION AND SIG_8

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Details 3) - USD ($)	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020
DESCRIPTION OF THE BUSINESS OF LFTD PARTNERS INC. (Details Narrative)
Net Income	$ 2,944,793	$ 1,349,292	$ 2,236,178	$ 1,596,154	$ 618,359	$ 549,531	$ 95,823
Weighted Average Number Of Basic Share Outstanding	14,017,578	14,005,567	13,015,717	11,042,657	7,456,925	6,463,301	6,460,236
Weighted Average Number Of Diluted Shares Outstanding	15,924,776	15,962,765	16,257,915	14,381,105	16,084,794	16,040,170	6,460,236
Basic Net Income/loss Per Share	$ 0.21	$ 0.10	$ 0.17	$ 0.14	$ 0.08	$ 0.06	$ 0.01
Diluted Net Income/loss Per Share	$ 0.18	$ 0.08	$ 0.14	$ 0.11	$ 0.04	$ 0.02	$ 0.01

BASIS OF PRESENTATION AND SIG_9

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020
Allowances For Bad Debts	$ 487,101	$ 239,101
Operating Expense	$ 3,812,549	$ 3,289,526	$ 1,782,858	$ 2,102,652	$ 985,254	$ 407,931	$ 517,388
Issued Common Stock	13,977,578	14,027,578
Warrant Two [Member]
Warrant To Purchase	1,350,000				2,295,000
Common Stock Per Share	$ 1.85				$ 5
Stock Option
Common Stock Per Share	$ 2
Options To Purchase	1,076,698				1,151,698
Stock Option | Minimum [Member]
Ercisable					$ 0.0001
Stock Option | Maximum [Member]
Ercisable					$ 2
Warrant One [Member]
Warrant To Purchase	155,500				2,625,000
Common Stock Per Share	$ 1
Ercisable Maximum					$ 1.85
Ercisable Minimum					$ 0.01
Warrant Three [Member]
Warrant To Purchase	2,295,000				3,325,000
Common Stock Per Share	$ 5				$ 5
Warrant Four [Member]
Warrant To Purchase	1,350,000				1,250,000
Common Stock Per Share	$ 1.85
Aforementioned Warrants	2,295,000
Common Stock Per Share One	$ 5
Ercisable					$ 5
Financing Warrant
Warrant To Purchase					31,250
Ercisable					$ 0.03
Lifted Merger Agreement [Member]
Promissory Note	$ 2,750,000
Series A Preferred Stock [Member]
A Preferred Stock Outstanding Convertible Into Common Stock	575,000				1,650,000
Aggregate Purchase Price					500,000
Issued Common Stock					645,000
Series B Preferred Stock
A Preferred Stock Outstanding Convertible Into Common Stock	40,000
Exercise Price	$ 5
Stock Closing Price	$ 3.90
Preferred Stock
Fdic Limit	$ 250,000				$ 250,000
Allowances For Bad Debts	487,101				239,101
Fixed Assets Capitalized	2,500
Fixed Assets Expensed	2,500
Packaging Materials	561,417
Inventory Write Down	561,417				38,561
Operating Expense	3,812,549				985,254
Advertising Cost	105,601				52,027
Pto Accrual	16,541
Overhead Cost	$ 88,599				$ 16,472
Remaining Warrants To Purchase	645,000
Warrant To Purchase	1,650,000

SELECTED QUARTERLY FINANCIAL _3

SELECTED QUARTERLY FINANCIAL INFORMATION (Details) - USD ($)	3 Months Ended							12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Dec. 31, 2020	Dec. 31, 2019
SELECTED QUARTERLY FINANCIAL INFORMATION (Details)
Net Sales	$ 18,088,877	$ 12,787,566	$ 8,820,952	$ 6,695,144	$ 3,353,270	$ 2,196,518	$ 1,509,437	$ 5,344,320	$ 0
Cost Of Goods Sold	10,103,893	6,252,549	4,720,057	3,035,630	1,707,523	1,312,946	878,327
Gross Profit	7,984,984	6,535,017	4,100,895	3,659,515	1,645,747	883,572	631,110
Operating Expenses:
Payroll, Consulting And Independent Contractor Expenses	1,854,151	1,719,305	803,796	791,000	307,524	211,851	275,149
Accrual For Company-wide Management Bonus Pool	969,370	0	400,000	816,388	342,947	0	0
Management Bonuses	0	650,000	0	0	0	0	0
Professional Fees	117,226	133,300	139,526	133,892	93,033	80,810	50,235
Bank Charges And Merchant Fees	133,036	103,647	104,485	118,055	66,570	27,824	14,702
Advertising And Marketing	105,601	100,446	86,438	98,133	52,027	22,384	26,670
Bad Debt Expense	248,000	299,000	61,449	19,196	977	2,915	94,251
Depreciation And Amortization	2,703	5,805	16,344	26,215	41,783	5,245	5,092
Other Operating Expenses	382,462	278,024	170,820	99,773	80,394	56,902	51,289
Total Operating Expenses	3,812,549	3,289,526	1,782,858	2,102,652	985,254	407,931	517,388
Income From Operations	4,172,436	3,245,491	2,318,037	1,556,863	660,493	475,641	113,722
Other Income/(expenses)
Income/(loss) From 50% Membership Interest In Smplylifted Llc (fr3sh)	0	(100,172)	(44,858)	(43,330)	(7,211)	(4,429)	0
Impairment Of Investment In Smplylifted	0	(388,727)	0	0	0	0	0
Income From Smplylifted For Wcj Labor	0	144	313	769	1,072	0	0
Loss On Lease Modification	0	(1,445)	0	0	0	0	0
Interest Expense	(31,731)	(35,314)	(35,368)	(35,398)	(36,347)	(19,281)	(19,281)
Dividend Income	0	2,495	0	0	0	2,495	0
Warehouse Buildout Credits	0	0	0	600	600	600	600
Penalties	(1,952)	(5,434)	(2,162)	0	(450)	0	0
Gain On Forgiveness Of Debt	5,026	521	0	151,147	0	81,272	0
Settlement Income/gain On Settlement	0	0	0	0	0	12,500	0
Gain(loss) On Disposal Of Fixed Assets	0	0	0	(4,750)	0	0	0
Loss On Deposits	0	(1,600)	0	(30,000)	0	0	0
Interest Income	491	694	217	253	202	733	782
Total Other Income/(expenses)	(28,165)	(528,837)	(81,859)	39,292	(42,134)	73,890	(17,899)
Income/(loss) Before Provision For Income Taxes	4,144,270	2,716,654	2,236,178	1,596,154	618,359	549,531	95,823
Provision For Income Taxes	(1,199,478)	(1,367,362)	0	0	0	0	0
Net Income	$ 2,944,793	$ 1,349,292	$ 2,236,178	$ 1,596,154	$ 618,359	$ 549,531	$ 95,823
Basic Net Income (loss) Per Common Share	$ 0.21	$ 0.10	$ 0.17	$ 0.14	$ 0.08	$ 0.06	$ 0.01
Diluted Net Income (loss) Per Common Share	$ 0.18	$ 0.08	$ 0.14	$ 0.11	$ 0.04	$ 0.02	$ 0.01
Weighted Average Number Of Common Shares Outstanding:
Basic	14,017,578	14,005,567	13,015,717	11,042,657	7,456,925	6,463,301	6,460,236
Diluted	15,924,776	15,962,765	16,257,915	14,381,105	16,084,794	16,040,170	6,460,236

RECEIPT OF LOANS UNDER THE EC_2

RECEIPT OF LOANS UNDER THE ECONOMIC INJURY DISASTER LOAN PROGRAM AND THE PAYCHECK PROTECTION PROGRAM (Details Narative) - USD ($)	Apr. 14, 2020	Apr. 20, 2021	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021
Accrued Interest					$ 1,443
Forgiveness Of The Loan				$ 82
Interest Payable On The Ppp Loan		$ (1,525)
Ppp Loan		$ (149,622)
Gain On The Forgiveness			$ 151,147
BMO Harris Bank [Member]
Principal Amount	$ 149,622
Maturity Date	Apr. 14, 2020
Interest Rate	1.00%

RISKS AND UNCERTAINTIES (Detail

RISKS AND UNCERTAINTIES (Details Narrative) - USD ($)	3 Months Ended	10 Months Ended
	Mar. 31, 2022	Dec. 31, 2020	Feb. 14, 2022	Dec. 31, 2021
Accumulated Deficit	$ (8,475,539)			$ (11,414,602)
Accrued Bonus	$ 969,370		$ 1,556,055	$ 1,556,055
Diluted Earnings Per Share Of Common Stock	$ 0.56
Cost Of Research And Development	$ 100,000
Prefered Stock, Dividend Rate	3.00%
No Customers [Member] | Sales [Member]
Concentration Risk, Percentage		8.00%
Five Vendors [Member] | Supplies [Member]
Concentration Risk, Percentage		53.00%
GJacobs [Member]
Accrued Bonus	$ 166,667
WJacobs [Member]
Accrued Bonus	166,667
Nicholas S Warrender [Member]
Financial Obligations	2,750,000
Promissory Note	$ 2,750,000
Promissory Note Accruing Interest Percentage	2.50%
Omnibus Agreement [Member] | Nicholas S Warrender [Member]
Accrued Bonus	$ 16,575
Prefered Stock, Dividend Rate	3.00%
Obligation To Purchase	$ 1,375,000
Additional Bonus	$ 500,000

THE COMPANYS INVESTMENTS (Detai

THE COMPANYS INVESTMENTS (Details Narrative) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Feb. 09, 2022	Sep. 22, 2020	Apr. 30, 2019
SmplyLifted LLC
Investment	$ 200,000		$ 195,571
Loss	$ 195,571	$ 195,571	$ 4,429
Receivables		$ 388,727
Cash				$ 1,000
Lifted Amount For Agreement				$ 1
Payment Percentage				99.00%
Ownership Interests	50.00%		50.00%	50.00%	50.00%	50.00%
Bendistillery
Ownership Interests						4.99%
Purchse Price						$ 1,896,200

PROPERTY AND EQUIPMENT, NET (De

PROPERTY AND EQUIPMENT, NET (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Gross Property And Equipment	$ 565,418	$ 511,180
Less: Accumulated Depreciation	(106,067)	(77,967)
Net Property And Equipment	459,351	433,213
Machinery and Equipment [Member]
Gross Property And Equipment	258,533	258,533
Leasehold Improvements [Member]
Gross Property And Equipment	154,485	152,985
Trade Show Booth [Member]
Gross Property And Equipment	23,488	23,488
Vehicles [Member]
Gross Property And Equipment	75,047	22,309
Computer Equipment [Member]
Gross Property And Equipment	7,312	7,312
Furniture and Fixtures [Member]
Gross Property And Equipment	$ 46,553	$ 46,553

PROPERTY AND EQUIPMENT, NET (_2

PROPERTY AND EQUIPMENT, NET (Details 1)	3 Months Ended
	Mar. 31, 2022
Leasehold Improvements [Member]
Estimated Useful Life	60 years
Trade Show Booth [Member]
Estimated Useful Life	36 years
Vehicles [Member]
Estimated Useful Life	60 years
Computer Equipment [Member]
Estimated Useful Life	60 years
Furniture and Fixtures [Member]
Estimated Useful Life	60 years
Machinery and Equipment [Member]
Estimated Useful Life	60 years

PROPERTY AND EQUIPMENT, NET (_3

PROPERTY AND EQUIPMENT, NET (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
PROPERTY AND EQUIPMENT NET (Tables)
Depreciation Expense	$ 15,173	$ 29,029

NOTES RECEIVABLE (Details Narra

NOTES RECEIVABLE (Details Narrative) - USD ($)	Mar. 02, 2020	Sep. 01, 2015	Dec. 31, 2019	Jul. 31, 2014	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Mar. 31, 2020	Jul. 31, 2015	Aug. 08, 2019	Dec. 31, 2015	Jul. 14, 2014
Imputed Interest Receivable						$ 580			$ 149
Loan To Smplylifted Llc						387,500			387,500
Bad Debt Expense					$ 248,000	$ 299,000	$ 61,449	$ 19,196	$ 977	$ 2,915	$ 94,251
Secured Promissory Note | William Noyes Webster Foundation Inc
Advances				$ 600,000
Bad Debt Expense		$ 737,850
Debt Instrument, Face Amount																$ 1,500,000
Loan Advanced																$ 1,500,000
Note Receivable Payment				602,500									$ 135,350
Note Receivable															$ 737,850
Debt Instrument, Interest Rate, Stated Percentage															12.50%
Secured Promissory Note | William Noyes Webster Foundation Inc | Payment To Consultant
Advances				$ 2,500
Interest receivable [1] | William Noyes Webster Foundation Inc
Bad Debt Expense		$ 97,427
CBD Lion
Imputed Interest Receivable										$ 2,112
Advances	$ 168,500		$ 168,500
Bad Debt Expense												$ 2,006
Loan														$ 300,000
Payment Of Loan			200,000
Accrued Interest			6,945
Reimbursement Of Professional Fees			$ 31,500

INTANGIBLE ASSETS, NET (Details

INTANGIBLE ASSETS, NET (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
INTANGIBLE ASSETS, NET (Details Narrative)
Amortization Expenses	$ 347	$ 417
Finite-lived Intangible Asset, Useful Life	32 years

Related Party Transaction (Deta

Related Party Transaction (Details Narrative)	Jan. 03, 2022USD ($)	Jun. 01, 2021integer	Dec. 30, 2021USD ($)	Aug. 30, 2021shares	Feb. 29, 2020USD ($)shares	Mar. 31, 2022USD ($)integer$ / sharesshares	Mar. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Feb. 14, 2022USD ($)	Dec. 31, 2021USD ($)$ / shares	Apr. 05, 2021USD ($)	Feb. 10, 2021USD ($)	Feb. 02, 2021USD ($)	Jan. 01, 2021USD ($)	Dec. 01, 2020USD ($)	Feb. 24, 2020USD ($)$ / shares
Repaid Promissory Note			$ 3,750,000
Exercise Price | $ / shares						$ 3.55				$ 3.51
Bonus Payable						$ 969,370			$ 1,556,055	$ 1,556,055
Lifted Paid Rent						68,888
Gerard M. Jacobs
Payment For Commission							$ 143,713
Interest Payable							2,466
Deferred Compensation														$ 58,439
Bonus Payable								$ 350,000
Debt Conversion Converted Instrument Warrants Or Option Issued | shares				700,000
Prepaid Consulting Fee															$ 350,000
Accrued Interest Rate														2.00%
Vincent J Mesolella
Payment For Commission						40,000
Director Fees Received						4,000
Joshua A. Bloom
Payment For Commission						20,000
Director Fees Received						4,000
Richard E. Morrissy
Director Fees Received						4,000
James S. Jacobs
Director Fees Received						4,000
Kevin J. Rocio
Director Fees Received						4,000
SmplyLifted LLC
Due To Related Party						9,719							$ 450
Payment To Related Party											$ 9,719	$ 450
Warrender Enterprise
Repaid Promissory Note			$ 1,000,000
Exercise Price | $ / shares																$ 5
Warrants Issued | shares					1,820,000
Re-loan	$ 2,750,000
Cash Consideration					$ 3,750,000
Stock Consideration | shares					3,900,455
Warrender Enterprise | Unregistered common stock
Stock Consideration | shares					645,000
Warrender Enterprise | Secured Promissory Note
Cash Consideration					$ 3,750,000
Nicholas S Warrender [Member]
Promissory Note Payable						3,750,000
Payment For Commission						680,000
Interest Payable						82,603
Principal Amount								$ 3,750,000
Nicholas S Warrender [Member] | Promissory Note
Principal Amount																$ 3,750,000
Accruing Interest								2.00%
Robert T Warrender II [Member]
Wages Paid						9,231
Shipping Costs						41,902
NWarrender Jacobs
Promissory Note Payable						2,750,000
Promissory Note Pay Off Principal						2,750,000
Five Semi Annual Payments						458,333
Final Semi-annual Payment						458,335
Prepay Principal And Accrued Interest						2,750,000
Accrued Interest Payable						16,575
William C Jacobs
Payment For Commission							152,341
Interest Payable							986
Deferred Compensation														$ 58,439
Bonus Payable								$ 300,000
Prepaid Consulting Fee															$ 350,000
Accrued Interest Rate														2.00%
Robert T Warrender III [Member]
Payment For Commission						33,423	2,072
Corner Vapory
Purchase Price						6,232	2,798
Receivable						$ 5,087	4,855
NintyFiveHoldingsLLC [Member]
Purchase Price										$ 68,888
Rented Space | integer		3,300				11,238
Rented Space Per Foot						6.13
Increase In Base Rent						2.00%
Beneficial Common Stock | shares						3,900,455
Lifted Paid Rent						$ 17,567	$ 17,222

Shareholders Equity Schedule of

Shareholders Equity Schedule of Sharebased Compensation Stock Options and Warrant Activity (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
DESCRIPTION OF THE BUSINESS OF LFTD PARTNERS INC. (Details Narrative)
Share-based Compensation Arrangement By Share-based Payment Award, Options, Exercisable, Number	2,882,198		2,932,198
Share-based Compensation Arrangement By Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price	$ 3.55		$ 3.51
Share-based Compensation Arrangement By Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	2 years 9 months 18 days		3 years 14 days
Share-based Compensation Arrangement By Share-based Payment Award, Options, Exercisable, Intrinsic Value	$ 2,701,678		$ 3,496,311
Warrants Exercised During Period		50,000
Exercisable Options Rights To Purchase Warrant And Financing Warrants Forfeited	2,882,198
Share-based Compensation Arrangement By Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$ 3.34
Share-based Compensation Arrangement By Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	2 years 9 months 21 days
Share-based Compensation Arrangement By Share-based Payment Award, Options, Outstanding, Intrinsic Value	$ 5,264,178
Outstanding Options Rights To Purchase Warrants To Purchase Common Stock And Financing Warrant	4,877,198

Shareholders Equity (Details Na

Shareholders Equity (Details Narrative) - USD ($)	Mar. 01, 2022	Dec. 07, 2021	Jan. 08, 2021	Feb. 19, 2022	Nov. 24, 2020	Mar. 31, 2022	Mar. 31, 2021	May 13, 2019	Dec. 05, 2019	Dec. 31, 2021	Dec. 31, 2020	Mar. 08, 2022
Annual Dividend Percentage						3.00%
Stock Issued During Period, Value, New Issues						$ 0	$ 3,257
Preferred Stock, Shares Authorized						10,000,000				10,000,000
Accrued Liability							$ 1,443
Series A Preferred Stock [Member]
Share Price						$ 5
Preferred Stock, Shares Authorized						400,000
Preferred Stock, Voting Rights						Each share of Series A Convertible Preferred Stock may be converted into 100 shares of common stock. The Series A Convertible Preferred Stock accrues dividends at the rate of 3% annually. The accrued Series A Convertible Preferred Stock dividends are cumulative. The Series A Convertible Preferred Stock dividends shall cease to accrue at such time as the Company’s Common Stock has closed at $3.00 per share or higher for 20 consecutive trading days after the first date that the Series A Registration Statement is effective, and there have been, on average, at least 25,000 shares traded on each of those 20 consecutive trading days. The Series A Convertible Preferred Stock have no voting rights. The holders of the Series A Convertible Preferred Stock shall have voluntary conversion rights. Shares of Series A Convertible Preferred Stock are subject to mandatory conversion (in the discretion of the Company) at such time as the Company’s common stock has closed at $5.00 per share or higher for 20 consecutive trading days after the first date that the Series A Registration Statement is effective, and there have been, on average, at least 50,000 shares traded on each of those 20 consecutive trading days.
Preferred Stock Terms Of Conversion						As of March 31, 2022, 60,400 shares of Series A Preferred Stock have been converted into a total of 6,040,000 shares of common stock of the Company, which leaves 5,750 shares of Series A Preferred Stock currently outstanding.
Accrued Liability						$ 13,179				$ 11,926	$ 145,561
Dividends, Cash						$ 3,000					$ 99,725
Series B Preferred Stock
Share Price						$ 9
Preferred Stock, Shares Authorized						5,000,000
Preferred Stock, Voting Rights						Each share of Series B Convertible Preferred Stock may be converted into one shares of common stock. The Series B Convertible Preferred Stock accrues dividends at the rate of 3% annually. The accrued Series B Convertible Preferred Stock dividends are cumulative. The Series B Convertible Preferred Stock dividends shall cease to accrue at such time as the Company’s Common Stock has closed at $7.00 per share or higher for 20 consecutive trading days after the first date that the Series B Registration Statement is effective, and there have been, on average, at least 25,000 shares traded on each of those 20 consecutive trading days. The Series B Convertible Preferred Stock have no voting rights. The holders of the Series B Convertible Preferred Stock shall have voluntary conversion rights. Shares of Series B Convertible Preferred Stock are subject to mandatory conversion (in the discretion of the Company) at such time as the Company’s common stock has closed at $9.00 per share or higher for 20 consecutive trading days after the first date that the Series B Registration Statement is effective, and there have been, on average, at least 50,000 shares traded on each of those 20 consecutive trading days.
Preferred Stock Terms Of Conversion						As of March 31, 2022, 60,000 shares of Series B Preferred Stock have been converted into a total of 60,000 shares of common stock of the Company, which leaves 40,000 shares of Series B Preferred Stock currently outstanding.
Accrued Liability						$ 3,275				1,796
Dividends, Cash						$ 0				$ 5,844
Nonaffiliate Stockholder
Stock Repurchased During Period, Shares	100,000	25,000	36,000		36,000
Stock Repurchased During Period, Amount	$ 150,000		$ 34,200		$ 34,200
Share Price	$ 1.50		$ 0.95	$ 1	$ 0.95
Option To Purchase Shares Of Unregistered Common Stock				50,000
Shares Transferred, Immediately Cancelled												100,000
Accredited Investors | Series A Preferred Stock [Member]
Annual Dividend Percentage						3.00%		30.00%
Share Price						$ 3
Stock Issued During Period, Shares, New Issues								66,150
Stock Issued During Period, Value, New Issues								$ 6,615,000
Number Of Preffered Stock Converted Into Common Stock								66,150
Convertible Preferred Stock, Shares Reserved For Future Issuance								6,615,000
Debt Instrument, Convertible, Conversion Price								$ 1
Preferred Stock Converted Into Shares Of Common Stock						60,400
Preferred Stock, Shares Outstanding						5,750
Total Number Of Shares Of Common Stock For Conversion						6,040,000
Accredited Investors | Series B Preferred Stock
Annual Dividend Percentage						3.00%			3.00%
Share Price						$ 7
Stock Issued During Period, Shares, New Issues									100,000
Stock Issued During Period, Value, New Issues									$ 500,000
Number Of Preffered Stock Converted Into Common Stock									100,000
Convertible Preferred Stock, Shares Reserved For Future Issuance									100,000
Preferred Stock Converted Into Shares Of Common Stock						60,000
Preferred Stock, Shares Outstanding						40,000
Total Number Of Shares Of Common Stock For Conversion						60,000

CONTINGENT CONTRACTUAL OBLIGA_3

CONTINGENT CONTRACTUAL OBLIGATIONS AND COMMERCIAL COMMITMENTS Schedule of Operating Lease Assets and Liabilities (Details) - USD ($)	12 Months Ended
	Dec. 31, 2026	Dec. 31, 2025	Dec. 31, 2024	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022
DESCRIPTION OF THE BUSINESS OF LFTD PARTNERS INC. (Details Narrative)
Base Monthly Rent	$ 4,502	$ 4,370	$ 4,243	$ 2,541	$ 4,120	$ 2,467	$ 4,000	$ 2,395

CONTINGENT CONTRACTUAL OBLIGA_4

CONTINGENT CONTRACTUAL OBLIGATIONS AND COMMERCIAL COMMITMENTS Schedule of Operating Lease Assets and Liabilities (Details 1) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
DESCRIPTION OF THE BUSINESS OF LFTD PARTNERS INC. (Details Narrative)
Operating Lease Right Of Use Asset	$ 283,262	$ 76,412
Operating Lease Liability Current	64,674	26,047
Operating Lease Liability Noncurrent	219,766	$ 50,583
Finance Lease Right Of Use Asset	1,215,195
Finance Lease Liability Current	$ 1,257,197

CONTINGENT CONTRACTUAL OBLIGA_5

CONTINGENT CONTRACTUAL OBLIGATIONS AND COMMERCIAL COMMITMENTS Schedule of Operating Lease Assets and Liabilities (Details 2) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
DESCRIPTION OF THE BUSINESS OF LFTD PARTNERS INC. (Details Narrative)
Amortization Of Right Of Use Assets	$ 12,337	$ 12,337
Interest On Lease Liabilities	11,289	13,260
Operatingleaseexpense	20,147	4,800
Finance Lease Expense	$ 43,773	$ 30,397

CONTINGENT CONTRACTUAL OBLIGA_6

CONTINGENT CONTRACTUAL OBLIGATIONS AND COMMERCIAL COMMITMENTS Schedule of Operating Lease Assets and Liabilities (Details 3)	Mar. 31, 2022USD ($)
DESCRIPTION OF THE BUSINESS OF LFTD PARTNERS INC. (Details Narrative)
Finance Lease Liability Payments Due Year Two	$ 1,427,700
Finance Lease Liability Payments Due Year Three	0
Finance Lease Liability Payments Due Year Four	0
Finance Lease Liability Payments Due Year Five	0
Finance Lease Liability Payments Due Next Six Months	0
Financeleaseliabilitypaymentsdueafteryearfive	0
Finance Lease Liability Payments Due	1,427,700
Finance Lease Liability Discount Excess Amount	(170,503)
Finance Lease Liability	1,257,197
Lessee Operating Lease Liability Payments Due Year Two	57,778
Lessee Operating Lease Liability Payments Due Year Three	79,275
Lessee Operating Lease Liability Payments Due Year Four	73,799
Lessee Operating Lease Liability Payments Due Year Five	52,451
Lessee Operating Lease Liability Payments Due Next Six Months	54,028
Operating Lease Liability Payments Due After Year Five	0
Lessee Operating Lease Liability Paymentsdue	317,331
Lessee Operating Lease Liability Discounted Excess Amount	(32,891)
Operating Lease Liability	$ 284,440

CONTINGENT CONTRACTUAL OBLIGA_7

CONTINGENT CONTRACTUAL OBLIGATIONS AND COMMERCIAL COMMITMENTS (Details Narrative)	3 Months Ended	6 Months Ended
	Mar. 31, 2022USD ($)ft²shares	Dec. 31, 2021USD ($)	Feb. 14, 2022USD ($)
Shares Of Common Stock | shares	3,900,455
Base Rent Amount	$ 68,888
Increase In Base Rent (percentage)	3.00%
Lease Area | ft²	11,238
Premises Rent, Per Square	6.13
Fixed Purchase Price	$ 1,375,000
Immaterial Loss On Lease Modification	1,446
Accrued Bonuses, Current	969,370	$ 1,556,055	$ 1,556,055
Chief Strategy Officer [Member]
Accrued Bonuses, Current	$ 604,444
Bonus Equal		5.00%
Net Sales		$ 6,000,000
Salary		$ 180,000

LEGAL PROCEEDINGS (Details Narr

LEGAL PROCEEDINGS (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended	12 Months Ended
	Feb. 28, 2022	Mar. 31, 2022	Dec. 31, 2021
Saul Roffe [Member]
Settlement Cost		$ 30,000
Damage Recover		14,569
Awawdeh And Habib [Member]
Settlement Cost		98,000
Martha Edgar V Lifted Liquids [Member]
Settlement Cost		$ 5,000	$ 5,000
Lifted Liquids, Inc. [Member]
Litigation Settlement, Amount Received	$ 36,100

COMPANY WIDE MANAGEMENT BONUS_2

COMPANY WIDE MANAGEMENT BONUS POOL (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2022	Feb. 14, 2022	Dec. 31, 2021
COMPANY WIDE MANAGEMENT BONUS POOL (Details Narrative)
Annual Bonus	$ 1,559,334
Accrued Bonuses, Current	$ 969,370	$ 1,556,055	$ 1,556,055
Diluted Earnings Per Share	$ 0.56

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Current
Domestic-federal	$ 582,618	$ 0
Total	904,024	0
Domestic-state	321,405
Deferred
Domestic-federal	230,593	0
Domestic-state	64,861	0
Foreign	0	0
Total	295,454	0
Total Provision (benefit) For Income Taxes	$ 1,199,478	$ 0

INCOME TAXES (Details 1)

INCOME TAXES (Details 1) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
DESCRIPTION OF THE BUSINESS OF LFTD PARTNERS INC. (Details Narrative)
Domestic Federal	$ 870,297	$ 129,855
State Tax Benefit, Net Of Federal Benefit	341,567	37,369
Non-deductible Expenses	1,972	1,349
Change In Estimated Future Income Tax Rates	(131,918)	0
Change In Valuation Allowance	117,560	(168,573)
Total Provision (benefit) For Income Taxes	$ 1,199,478	$ 0

INCOME TAXES (Details 2)

INCOME TAXES (Details 2) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Deferred Tax Assets
Stock-based Compensation	$ 2,831,970	$ 2,714,410
Accrued Related Party Expenses	4,676	259,463
Impairment Of Smplylifted Note And Other Receivables	0	105,124
Allowance For Doubtful Accounts	137,433	64,661
Other	11,950	8,725
Less: Valuation Allowance	(2,831,970)	(2,714,410)
Total Deferred Tax Assets	154,060	437,973
Deferred Tax Liabilities:
Depreciation & Amortization	(117,963)	(105,143)
Other	0	(1,279)
Total Deferred Tax Liabilities	(117,963)	(106,422)
Net Deferred Tax Assets	$ (36,096)	$ (331,551)

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative)	1 Months Ended
	Dec. 22, 2017
DESCRIPTION OF THE BUSINESS OF LFTD PARTNERS INC. (Details Narrative)
Federal Dividends	100.00%

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - Subsequent Event - shares	Apr. 14, 2022	Apr. 01, 2022
Series A Convertible Preferred Stock
Conversion Of Stock, Shares Converted	250	1,000
Unregistered common stock
Conversion Of Stock, Shares Issued	25,000	100,000