LifeMD, Inc.
For the period ended Mar 31, 2026. Filed May 6, 2026.
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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.
Mar 31, 2026 · Filed May 6, 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
Consolidated Statements of Cash Flows
| Three Months Ended March 31, | |||
|---|---|---|---|
| 2026 · 2025 | |||
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net (loss) income | $(8,872,596) | $348,067 | |
| Less: Net income from discontinued operations | - | 1,993,422 | |
| Net loss from continuing operations | (8,872,596) | (1,645,355) | |
| Adjustments to reconcile net loss from continuing operations to net cash provided by operating activities: | |||
| Amortization of debt discount | - | 100,444 | |
| Amortization of capitalized software | 1,674,852 | 1,529,380 | |
| Amortization of intangibles | 31,917 | 6,667 | |
| Depreciation of fixed assets | 289,458 | 155,361 | |
| Noncash operating lease expense | 212,767 | 269,888 | |
| Stock compensation expense | 1,448,905 | 2,548,528 | |
| Changes in Assets and Liabilities | |||
| Accounts receivable | (549,840) | (459,948) | |
| Product deposit | (11,308) | (151,077) | |
| Inventory | (403,560) | (170,339) | |
| Other current assets | (1,209,054) | 302,221 | |
| Operating lease liabilities | (150,899) | (79,799) | |
| Deferred revenue | 1,209,067 | 197,334 | |
| Accounts payable | 7,503,968 | (85,373) | |
| Accrued expenses | (729,053) | (2,259,106) | |
| Net cash provided by operating activities of continuing operations | 444,624 | 258,826 | |
| Net cash provided by operating activities of discontinued operations | - | 2,809,561 | |
| Net cash provided by operating activities | 444,624 | 3,068,387 | |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Cash paid for capitalized software costs(a) | (1,951,584) | (1,886,815) | |
| Purchase of equipment | (105,178) | (117,545) | |
| Net cash used in investing activities of continuing operations | (2,056,762) | (2,004,360) | |
| Net cash used in investing activities of discontinued operations(a) | - | (862,978) | |
| Net cash used in investing activities | (2,056,762) | (2,867,338) | |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Preferred stock dividends | (776,563) | (776,563) | |
| Cash proceeds from exercise of options | 80,520 | - | |
| Net cash used in financing activities of continuing operations | (696,043) | (776,563) | |
| Net cash used in financing activities of discontinued operations | - | (36,000) | |
| Net cash used in financing activities | (696,043) | (812,563) | |
| Net decrease in cash | (2,308,181) | (611,514) | |
| Cash at beginning of period | 36,786,318 | 35,004,924 | |
| Cash at end of period | 34,478,137 | 34,393,410 | |
| Less: Cash of discontinued operations at end of period | - | 2,441,699 | |
| Cash of continuing operations at end of period | $34,478,137 | $31,951,711 | |
| Cash paid for interest and taxes | |||
| Cash paid during the period for interest | $ | - | $593,750 |
| Cash paid during the period for taxes | $ | - | $22,696 |
| Non-cash investing and financing activities | |||
| Cashless exercise of options | $ | - | $561 |
| (a) | Approximately $878 thousand was paid to a related party for capitalized software costs during the three months ended March 31, 2025. See Note 13—Related Party Transactions. |
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