NOTE 6 – ASSETS HELD FOR SALE

Sale of 5511 Building

On June 16, 2026, the Board of Directors authorized management, as part of the Company’s downsizing and cash-conservation plan, to proceed with a plan to sell the 5511 Building. As of that date, the property was available for immediate sale in its present condition and was being actively marketed at a price management considered reasonable in relation to its fair value. Based on the Board’s authorization, the active marketing efforts, management’s intent to accept a reasonable offer, and the absence of any known circumstances indicating that a sale could not be completed within one year, management concluded that the sale was probable and that all criteria in ASC 360-10-45-9 were met on June 16, 2026. This conclusion was subsequently corroborated by the binding purchase agreement executed on July 22, 2026, for a sale price of $1,500,000, with closing expected on September 16, 2026, subject to customary closing conditions. Accordingly, the property was classified as held for sale effective June 16, 2026 and measured at the lower of its carrying amount or fair value less cost to sell. Reference is hereby made to the disclosures in the following sections, which are hereby incorporated by reference thereto:

NOTE 15 – DEBT

Payoff of Business Loan

On September 29, 2026, Lifted completed the sale of the 5511 Building, including its land, improvements and certain machinery and equipment and personal property to Ad Real Estate Group LLC (the “Buyer”), pursuant to the Commercial Offer to Purchase made July 21, 2026 and executed July 22, 2026 by and between Lifted and the Buyer (the “Agreement”), which was previously reported by the Company in a Current Report on Form 8-K filed with the Securities and Exchange Commission on July 24, 2026. The sale price for the 5511 Building was $1,500,000 in cash. At closing, Lifted conveyed title to the 5511 Building to the Buyer by warranty deed. The purchase price was determined by arm’s length negotiation between Lifted and the Buyer. Neither the Company nor Lifted has any material relationship with the Buyer, other than in respect of the Agreement and the transactions contemplated thereby.

The 5511 Building is an approximately 11,238 square foot building that Lifted purchased on December 14, 2023 for $1,375,000, and that had served as Lifted’s principal operations facility, used for office space, manufacturing and storage. The 5511 Building was the only real property owned by the Company and its subsidiaries.

Of the $1,500,000 sale price, $841,110 was applied at the closing to pay off the Business Loan. The balance of the purchase price was reduced by a brokerage commission of $45,000 payable to the listing broker, Wisconsin real estate transfer tax of $4,500, prorated real estate taxes of $12,823 credited to the Buyer, title, escrow and closing charges of $3,697, and other customary closing costs. After the foregoing payments, prorations and closing costs, the net cash proceeds to Lifted from the sale were $592,485.

Following the sale of the 5511 Building including its land, improvements and certain machinery and equipment and personal property to Buyer, Lifted has consolidated the operations previously conducted at the 5511 Building into its existing leased facilities in Kenosha, Wisconsin. The Company used the net proceeds remaining after the payoff of the Business Loan for working capital and general corporate purposes.

The Company reported a gain on disposal of the 5511 Building, including its land, improvements and certain machinery and equipment, of $141,768.

Immediately prior to the sale of the 5511 Building, assets held for sale consisted of the following: