Q - LifeMD,
For the period ended Jun 30, 2025. Filed Aug 5, 2025.
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.
Jun 30, 2025 · Filed Aug 5, 2025
LFMD$1.74-16.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Six Months Ended June 30, | ||||
|---|---|---|---|---|
| 2025 · 2024 | ||||
| CASH FLOWS FROM OPERATING ACTIVITIES | ||||
| Net income (loss) | $346,850 | $(13,485,957) | ||
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||||
| Amortization of debt discount | 200,888 | 200,888 | ||
| Amortization of capitalized software | 4,627,520 | 3,725,112 | ||
| Amortization of intangibles | 505,888 | 492,032 | ||
| Accretion of consideration payable | - | 13,644 | ||
| Depreciation of fixed assets | 346,822 | 170,366 | ||
| Noncash operating lease expense | 577,689 | 391,397 | ||
| Stock compensation expense | 4,643,142 | 6,735,606 | ||
| Changes in Assets and Liabilities | ||||
| Accounts receivable | 887,684 | (390,692) | ||
| Product deposit | (210,237) | 369,716 | ||
| Inventory | (453,997) | 699,213 | ||
| Other current assets | 707,257 | (586,910) | ||
| Operating lease liabilities | (198,901) | (334,790) | ||
| Deferred revenue | (2,690,893) | 6,333,061 | ||
| Accounts payable | 8,283,386 | 3,966,874 | ||
| Accrued expenses | (5,865,264) | 1,442,362 | ||
| Net cash provided by operating activities | 11,707,834 | 9,741,922 | ||
| CASH FLOWS FROM INVESTING ACTIVITIES | ||||
| Cash paid for capitalized software costs | (5,648,965) | (4,502,712) | ||
| Purchase of equipment | (917,956) | (817,645) | ||
| Purchase of intangible assets | - | (1,936) | ||
| Net cash used in investing activities | (6,566,921) | (5,322,293) | ||
| CASH FLOWS FROM FINANCING ACTIVITIES | ||||
| Repayment of debt instruments | (2,052,288) | - | ||
| Repayment of notes payable, net of prepayment penalty | - | (314,577) | ||
| Cash proceeds from exercise of options | - | 107,813 | ||
| Preferred stock dividends | (1,553,125) | (1,553,125) | ||
| Contingent consideration payments for ResumeBuild acquisition | - | (31,250) | ||
| Distributions to non-controlling interest | (312,119) | (72,000) | ||
| Net cash used in financing activities | (3,917,532) | (1,863,139) | ||
| Net increase in cash | 1,223,381 | 2,556,490 | ||
| Cash at beginning of period | 35,004,924 | 33,146,725 | ||
| Cash at end of period | $36,228,305 | $35,703,215 | ||
| Cash paid for interest | ||||
| Cash paid during the period for interest | $1,219,568 | $1,282,707 | ||
| Non-cash investing and financing activities | ||||
| Cashless exercise of options | $1,062 | $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 payment | $ | - | $642,000 | |
| Right of use assets | $ | - | $2,331,231 | |
| Operating lease liabilities | $ | - | $2,331,231 | |
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