Q - LifeMD,
For the period ended Jun 30, 2025. Filed Aug 5, 2025.
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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.
Jun 30, 2025 · Filed Aug 5, 2025
LFMD$2.10-11.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
| June 30, 2025 | December 31, 2024 | |
|---|---|---|
| (Unaudited) | ||
| ASSETS | ||
| Current Assets | ||
| Cash | $36,228,305 | $35,004,924 |
| Accounts receivable, net | 7,330,129 | 8,217,813 |
| Product deposit | 251,000 | 40,763 |
| Inventory, net | 3,251,355 | 2,797,358 |
| Other current assets | 1,964,974 | 2,672,231 |
| Total Current Assets | 49,025,763 | 48,733,089 |
| Non-current Assets | ||
| Equipment, net | 2,050,318 | 1,479,184 |
| Right of use assets | 5,822,907 | 6,400,596 |
| Capitalized software, net | 14,837,946 | 13,816,501 |
| Intangible assets, net | 1,827,768 | 2,030,656 |
| Total Non-current Assets | 24,538,939 | 23,726,937 |
| Total Assets | $73,564,702 | $72,460,026 |
| LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS’ EQUITY (DEFICIT) | ||
| Current Liabilities | ||
| Accounts payable | $24,292,870 | $16,009,484 |
| Accrued expenses | 14,946,499 | 20,811,763 |
| Current operating lease liabilities | 541,981 | 508,537 |
| Current portion of long-term debt | 11,960,784 | 8,444,444 |
| Deferred revenue | 11,790,024 | 14,480,917 |
| Total Current Liabilities | 63,532,158 | 60,255,145 |
| Long-term Liabilities | ||
| Long-term debt, net | 3,517,317 | 9,885,057 |
| Noncurrent operating lease liabilities | 6,032,847 | 6,265,192 |
| Contingent consideration | 100,000 | 100,000 |
| Total Liabilities | 73,182,322 | 76,505,394 |
| Commitments and contingencies (Note 10) | - | - |
| Mezzanine Equity | ||
| Preferred Stock, $0.0001 par value; 5,000,000 shares authorized Series B Convertible Preferred Stock, $0.0001 par value; 5,000 shares authorized, zero shares issued and outstanding, liquidation value, $0 per share as of June 30, 2025 and December 31, 2024 | - | - |
| Stockholders’ Equity (Deficit) | ||
| Series A Preferred Stock, $0.0001 par value; 1,610,000 shares authorized, 1,400,000 shares issued and outstanding, liquidation value approximately, $25.55 per share as of June 30, 2025 and December 31, 2024 | 140 | 140 |
| Common Stock, $0.01 par value; 100,000,000 shares authorized, 45,141,226 and 42,293,907 shares issued, 45,038,186 and 42,190,867 outstanding as of June 30, 2025 and December 31, 2024, respectively | 451,412 | 422,939 |
| Additional paid-in capital | 236,426,008 | 230,508,339 |
| Accumulated deficit | (238,496,413) | (236,253,218) |
| Treasury stock, 103,040, at cost, as of June 30, 2025 and December 31, 2024 | (163,701) | (163,701) |
| Total LifeMD, Inc. Stockholders’ Deficit | (1,782,554) | (5,485,501) |
| Non-controlling interest | 2,164,934 | 1,440,133 |
| Total Stockholders’ Equity (Deficit) | 382,380 | (4,045,368) |
| Total Liabilities, Mezzanine Equity and Stockholders’ Equity (Deficit) | $73,564,702 | $72,460,026 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.