LifeMD, Inc.
For the period ended Dec 31, 2025. Filed Mar 10, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 10, 2026
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
Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year Ended December 31, | ||||
|---|---|---|---|---|
| 2025 · 2024 | ||||
| CASH FLOWS FROM OPERATING ACTIVITIES | ||||
| Net income (loss) | $15,619,791 | $(20,860,141) | ||
| Less: Net income from discontinued operations | 25,852,024 | 2,315,252 | ||
| Net loss from continuing operations | (10,232,233) | (23,175,393) | ||
| Adjustments to reconcile net loss from continuing operations to net cash provided by operating activities: | ||||
| Amortization of debt discount | 234,369 | 401,775 | ||
| Amortization of capitalized software | 6,348,932 | 5,696,865 | ||
| Amortization of intangibles | 94,002 | 26,667 | ||
| Accretion of consideration payable | - | 13,644 | ||
| Depreciation of fixed assets | 865,524 | 465,830 | ||
| Write-down of inventory | - | 675,669 | ||
| Loss on debt extinguishment | 1,155,851 | - | ||
| Noncash operating lease expense | 960,702 | 672,983 | ||
| Stock compensation expense | 10,496,321 | 12,234,797 | ||
| Changes in Assets and Liabilities | ||||
| Accounts receivable | 1,150,536 | (4,487,546) | ||
| Product deposit | (279,454) | 445,087 | ||
| Inventory | 23,782 | (713,095) | ||
| Other current assets | 357,463 | (2,270,374) | ||
| Operating lease liabilities | (275,290) | (381,189) | ||
| Deferred revenue | (6,290,081) | 9,826,219 | ||
| Accounts payable | 3,244,483 | 4,176,113 | ||
| Accrued expenses | (5,782,603) | 10,755,261 | ||
| Net cash provided by operating activities of continuing operations | 2,072,304 | 14,363,313 | ||
| Net cash provided by operating activities of discontinued operations | 6,207,871 | 3,149,877 | ||
| Net cash provided by operating activities | 8,280,175 | 17,513,190 | ||
| CASH FLOWS FROM INVESTING ACTIVITIES | ||||
| Cash paid for capitalized software costs(a) | (7,647,959) | (6,738,742) | ||
| Purchase of equipment | (1,870,668) | (1,463,357) | ||
| Net cash used in investing activities of continuing operations | (9,518,627) | (8,202,099) | ||
| Net cash provided by (used in) investing activities of discontinued operations(a) | 16,426,858 | (3,334,219) | ||
| Net cash provided by (used in) investing activities | 6,908,231 | (11,536,318) | ||
| CASH FLOWS FROM FINANCING ACTIVITIES | ||||
| Repayment of debt instruments | (18,719,721) | - | ||
| Sale of common stock under ATM, net | 8,721,717 | - | ||
| Repayment of notes payable, net of prepayment penalty | - | (327,597) | ||
| Cash proceeds from exercise of warrants | 464,950 | - | ||
| Cash proceeds from exercise of options | 5,950 | 120,312 | ||
| Preferred stock dividends | (3,106,250) | (3,106,250) | ||
| Net cash used in financing activities of continuing operations | (12,633,354) | (3,313,535) | ||
| Net cash used in financing activities of discontinued operations | (773,658) | (805,138) | ||
| Net cash used in financing activities | (13,407,012) | (4,118,673) | ||
| Net increase in cash | 1,781,394 | 1,858,199 | ||
| Cash at beginning of year | 35,004,924 | 33,146,725 | ||
| Cash at end of year | 36,786,318 | 35,004,924 | ||
| Less: Cash of discontinued operations at end of year | - | 2,353,123 | ||
| Cash of continuing operations at end of year | $36,786,318 | $32,651,801 | ||
| Cash paid for interest and taxes | ||||
| Cash paid during the period for interest | $1,461,032 | $2,528,042 | ||
| Cash paid during the period for taxes | $587,000 | $214,211 | ||
| Non-cash investing and financing activities | ||||
| Cashless exercise of options | $1,315 | $5,127 | ||
| Cashless exercise of warrants | $3,901 | $16,305 | ||
| Stock issued for debt conversion | $1,000,000 | $ | - | |
| Stock issued for asset acquisition | $303,000 | $ | - | |
| Stock issued for noncontingent consideration payments | $ | - | $642,000 | |
| Operating lease liabilities arising from obtaining right of use assets | $ | - | $6,372,148 | |
| (a) | Approximately $3.2 million and $3.6 million was paid to a related party for capitalized software costs during the years ended December 31, 2025 and 2024, respectively, of which $3.1 million and $3.5 million relates to discontinued operations for the years ended December 31, 2025 and 2024, respectively. See Note 13—Related Party Transactions. |
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