LIFD — what changed in the latest 10-Q
A section-by-section comparison of LIFD's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-14 vs the prior 10-Q · 2026-05-15
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | 0 | 0 | ~1 | 3 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~5 | 19 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 0 |
| Risk factors | Text added/removed | +20 | −15 | ~26 | 15 |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
Risk factors
Text added vs the prior filing · source: 10-Q · 2026-08-14
The legal and regulatory risks facing the Company’s business are particularly acute at this point in time. In particular, reference is hereby made to the description of the business of LFTD Partners Inc., and to risks and uncertainties therewith, in the following sections, which are hereby incorpora…
A total inventory reserve (allowance) of $6,596,096 was recorded against Lifted’s inventory as of June 30, 2026; of which, $5,007,427 was recorded against its hemp-derived or hemp-related inventory, $1,434,458 was recorded against its kratom-derived or kratom-related inventory, and $154,211 was reco…
Reference is hereby made to the disclosures in the following sections, which are hereby incorporated by reference thereto:
The Act necessitated the calculation and recording of an impairment charge on the Lifted Goodwill and Oculus Goodwill. As of December 31, 2025, LFTD Partners recorded a goodwill impairment charge on the Lifted Goodwill and Oculus Goodwill, reducing the carrying value of both to $0. Reference is here…
The Company recorded impairment charges against its investments in Ablis and Bendistillery and wrote down its investment in Ablis to $0 and its investment in Bendistillery to $99,800, as of December 31, 2025. Then, as of June 30, 2026, the Company recorded another impairment charge on its investment…
Text removed vs the prior filing · source: 10-Q · 2026-05-15
Reference is hereby made to the description of the business of LFTD Partners Inc. in the following section, which is hereby incorporated by reference thereto:
On November 12, 2025, President Trump signed into law H.R. 5371, the “Continuing Appropriations, Agriculture, Legislative Branch, Military Construction and Veterans Affairs, and Extensions Act, 2026” (the “Act”), which makes continuing appropriations and extensions for fiscal year 2026, and which al…
Reference is hereby made to the disclosures above in the following sections, which are hereby incorporated by reference thereto:
The Act necessitated the calculation and recording of an impairment charge on the Lifted Goodwill and Oculus Goodwill. As of December 31, 2025, LFTD Partners recorded a goodwill impairment charge on the Lifted Goodwill and Oculus Goodwill, reducing the carrying value of both to $0.
Prior to December 31, 2025, our other assets included our investments in hemp-derived beverage and products maker Ablis, and distillers Bendistillery and Bend Spirits, which total $1,896,200. In the second quarter of 2025, Bend Spirits was merged into Bendistillery for operational efficiency.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice