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Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current Assets    
Cash $ 1,106,624 $ 180,093
Accounts receivable, net 97,448 99,053
Product deposit 150,000 33,302
Inventory, net 950,059 1,022,616
Other current assets 442,971 270,006
Total Current Assets 2,747,102 1,605,070
Non-current assets    
ROU Asset 23,625
Intangible assets, net 675,452 1,011,065
Total non-current assets 699,077 1,011,065
Total Assets 3,446,179 2,616,135
Current Liabilities    
Accounts payable and accrued expenses 3,051,156 868,997
Notes payable, net 814,734 247,416
Contract liabilities 109,552 75,984
Total Current Liabilities 3,975,442 1,192,397
Long-term Liabilities    
Lease Liability 29,978
Contingent consideration on purchase of LegalSimpli 500,000 600,000
Liability to issue shares
Deferred tax liability 70,000 4,000
Total Liabilities 4,575,420 1,796,397
Stockholders' Equity (Deficit)    
Common stock, $0.01 par value; 100,000,000 shares authorized, 53,404,045 and 45,267,105 shares issued, 52,888,449 and 45,267,105 outstanding as of December 31, 2019 and 2018, respectively 534,037 457,822
Additional paid-in capital 15,236,396 12,744,249
Accumulated (deficit) (16,594,917) (12,140,670)
Equity (824,484) 1,061,401
Treasury stock, 515,200 and 515,200 shares, at cost (163,701) (163,701)
Total Conversion Labs, Inc. Stockholders' (Deficit) (988,185) 897,700
Non-controlling interest (141,056) (77,962)
Total Stockholders' (Deficit) (1,129,241) 819,738
Total Liabilities and Stockholders' (Deficit) $ 3,446,179 $ 2,616,135