LifeMD Inc
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 7, 2024
LFMD$1.74-16.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Stockholders’ (Deficit) Equity
CONDENSED Consolidated STATEMENTS of CHANGES IN STOCKHOLDERS’ (DEFICIT) EQUITY
| LifeMD, Inc. | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Series A Preferred Stock · Common Stock · Additional Paid-in · Accumulated · Treasury · Non- controlling | ||||||||||
| Shares | Amount | Shares | Amount | Capital | Deficit | Stock | Total | Interest | Total | |
| Balance, January 1, 2023 | 1,400,000 | $140 | 31,552,775 | $315,528 | $179,015,250 | $(190,562,994) | $(163,701) | $(11,395,777) | $(475,548) | $(11,871,325) |
| Stock compensation expense | - | - | 149,375 | 1,494 | 2,662,020 | - | - | 2,663,514 | - | 2,663,514 |
| Stock issued for noncontingent consideration payment | - | - | 337,895 | 3,379 | 638,621 | - | - | 642,000 | - | 642,000 |
| Warrants issued for debt instruments | - | - | - | - | 1,088,343 | - | - | 1,088,343 | - | 1,088,343 |
| Series A Preferred Stock Dividend | - | - | - | - | - | (776,563) | - | (776,563) | - | (776,563) |
| Distribution to non-controlling interest | - | - | - | - | - | - | - | - | (36,000) | (36,000) |
| Adjustment of membership interest in WorkSimpli | - | - | - | - | (220,582) | - | - | (220,582) | (85,932) | (306,514) |
| Net (loss) income | - | - | - | - | - | (4,008,456) | - | (4,008,456) | 565,983 | (3,442,473) |
| Balance, March 31, 2023 | 1,400,000 | $140 | 32,040,045 | $320,401 | $183,183,652 | $(195,348,013) | $(163,701) | $(12,007,521) | $(31,497) | $(12,039,018) |
| Stock compensation expense | - | - | 53,000 | 530 | 2,861,439 | - | - | 2,861,969 | - | 2,861,969 |
| Stock issued for noncontingent consideration payment | - | - | 455,319 | 4,553 | 637,447 | - | - | 642,000 | - | 642,000 |
| Cashless exercise of stock options | - | - | 16,471 | 165 | (165) | - | - | - | - | - |
| Series A Preferred Stock Dividend | - | - | - | - | - | (776,562) | - | (776,562) | - | (776,562) |
| Distribution to non-controlling interest | - | - | - | - | - | - | - | - | (36,000) | (36,000) |
| Adjustment of membership interest in WorkSimpli | - | - | - | - | (8,443) | - | - | (8,443) | 9,332 | 889 |
| Net (loss) income | - | - | - | - | - | (6,733,000) | - | (6,733,000) | 841,784 | (5,891,216) |
| Balance, June 30, 2023 | 1,400,000 | $140 | 32,564,835 | $325,649 | $186,673,930 | $(202,857,575) | $(163,701) | $(16,021,557) | $783,619 | $(15,237,938) |
| Stock compensation expense | - | - | 137,500 | 1,375 | 3,316,878 | - | - | 3,318,253 | - | 3,318,253 |
| Stock issued for noncontingent consideration payment | - | - | 158,129 | 1,581 | 640,419 | - | - | 642,000 | - | 642,000 |
| Stock issued for legal settlement | - | - | 100,000 | 1,000 | 531,000 | - | - | 532,000 | - | 532,000 |
| Cashless exercise of stock options | - | - | 57,901 | 579 | (579) | - | - | - | - | - |
| Sale of common stock under ATM, net | - | - | 180,021 | 1,800 | 897,767 | - | - | 899,567 | - | 899,567 |
| Series B Preferred Stock conversion | - | - | 1,560,864 | 15,609 | 5,057,205 | - | - | 5,072,814 | - | 5,072,814 |
| Warrants issued for debt instruments fair value adjustment | - | - | - | - | (215,243) | - | - | (215,243) | - | (215,243) |
| Series A Preferred Stock Dividend | - | - | - | - | - | (776,563) | - | (776,563) | - | (776,563) |
| Distribution to non-controlling interest | - | - | - | - | - | - | - | - | (36,000) | (36,000) |
| Net (loss) income | - | - | - | - | - | (6,122,435) | - | (6,122,435) | 839,288 | (5,283,147) |
| Balance, September 30, 2023 | 1,400,000 | $140 | 34,759,250 | $347,593 | $196,901,377 | $(209,756,573) | $(163,701) | $(12,671,164) | $1,586,907 | $(11,084,257) |
| LifeMD, Inc. | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Series A Preferred Stock · Common Stock · Additional Paid-in · Accumulated · Treasury · Non- controlling | ||||||||||
| Shares | Amount | Shares | Amount | Capital | Deficit | Stock | Total | Interest | Total | |
| Balance, January 1, 2024 | 1,400,000 | $140 | 38,358,641 | $383,586 | $217,550,583 | $(214,265,236) | $(163,701) | $3,505,372 | $2,060,787 | $5,566,159 |
| Stock compensation expense | - | - | 943,375 | 9,434 | 2,534,996 | - | - | 2,544,430 | - | 2,544,430 |
| Stock issued for noncontingent consideration payment | - | - | 95,821 | 958 | 641,042 | - | - | 642,000 | - | 642,000 |
| Exercise of stock options | - | - | 1,250 | 13 | 7,800 | - | - | 7,813 | - | 7,813 |
| Cashless exercise of warrants | - | - | 1,268,476 | 12,685 | (12,685) | - | - | - | - | - |
| Cashless exercise of options | - | - | 64,113 | 641 | (641) | - | - | - | - | - |
| Series A Preferred Stock Dividend | - | - | - | - | - | (776,563) | - | (776,563) | - | (776,563) |
| Distribution to non-controlling interest | - | - | - | - | - | - | - | - | (36,000) | (36,000) |
| Net (loss) income | - | - | - | - | - | (6,768,355) | - | (6,768,355) | 119,432 | (6,648,923) |
| Balance, March 31, 2024 | 1,400,000 | $140 | 40,731,676 | $407,317 | $220,721,095 | $(221,810,154) | $(163,701) | $(845,303) | $2,144,219 | $1,298,916 |
| Stock compensation expense | - | - | 142,250 | 1,423 | 4,189,753 | - | - | 4,191,176 | - | 4,191,176 |
| Exercise of stock options | - | - | 75,000 | 750 | 99,250 | - | - | 100,000 | - | 100,000 |
| Cashless exercise of stock options | - | - | 448,664 | 4,486 | (4,486) | - | - | - | - | - |
| Cashless exercise of warrants | - | - | 361,982 | 3,620 | (3,620) | - | - | - | - | - |
| Series A Preferred Stock Dividend | - | - | - | - | - | (776,562) | - | (776,562) | - | (776,562) |
| Distribution to non-controlling interest | - | - | - | - | - | - | - | - | (36,000) | (36,000) |
| Net (loss) income | - | - | - | - | - | (6,875,640) | - | (6,875,640) | 38,606 | (6,837,034) |
| Balance, June 30, 2024 | 1,400,000 | $140 | 41,759,572 | $417,596 | $225,001,992 | $(229,462,356) | $(163,701) | $(4,206,329) | $2,146,825 | $(2,059,504) |
| Stock compensation expense | - | - | 150,000 | 1,500 | 2,392,735 | - | - | 2,394,235 | - | 2,394,235 |
| Series A Preferred Stock Dividend | - | - | - | - | - | (776,563) | - | (776,563) | - | (776,563) |
| Distribution to non-controlling interest | - | - | - | - | - | - | - | - | (36,000) | (36,000) |
| Net loss | - | - | - | - | - | (5,131,465) | - | (5,131,465) | (345,767) | (5,477,232) |
| Balance, September 30, 2024 | 1,400,000 | $140 | 41,909,572 | $419,096 | $227,394,727 | $(235,370,384) | $(163,701) | $(7,720,122) | $1,765,058 | (5,955,064) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.