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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2020
Dec. 31, 2019
Current Assets    
Cash $ 357,877 $ 1,106,624
Accounts receivable, net 282,482 97,448
Product deposit 60,832 150,000
Inventory, net 554,285 950,059
Other current assets 316,367 442,971
Total Current Assets 1,571,843 2,747,102
Non-current assets    
ROU asset 21,807 23,625
Capitalized software, net 105,849
Intangible assets, net 591,549 675,452
Total non-current assets 719,205 699,077
Total Assets 2,291,048 3,446,179
Current Liabilities    
Accounts payable and accrued expenses 3,736,080 3,051,156
Notes payable, net 600,424 814,734
Contract liabilities 302,960 109,552
Total Current Liabilities 4,639,464 3,975,442
Long-term Liabilities    
Lease Liability 29,469 29,978
Contingent consideration on purchase of LegalSimpli 100,000 500,000
Liability to issue common stock 1,161,522
Deferred tax liability 70,000 70,000
Total Liabilities 6,000,455 4,575,420
Stockholders' Deficit    
Common stock, $0.01 par value; 100,000,000 shares authorized, 54,142,940 and 53,627,344 shares issued, 53,627,344 and 52,888,449 outstanding as of March 31, 2020 and December 31, 2019, respectively 541,426 534,037
Additional paid-in capital 16,467,292 15,236,396
Accumulated (deficit) (20,238,552) (16,594,917)
Equity (3,229,834) (824,484)
Treasury stock, 515,200 and 515,200 shares, at cost (163,701) (163,701)
Total Conversion Labs, Inc. Stockholders' (Deficit) (3,393,535) (988,185)
Non-controlling interest (315,872) (141,056)
Total Stockholders' (Deficit) (3,709,407) (1,129,241)
Total Liabilities and Stockholders' (Deficit) $ 2,291,048 $ 3,446,179