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Basis of Presentation and Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2021

Accounting Policies [Abstract]

Schedule of Disaggregated Revenue

For the three months ended March 31, 2021 and 2020, the Company had the following disaggregated revenue:

		Three Months Ended March 31,
		2021				%				2020				%
Product revenues by Brand for Conversion Labs PR:
Shapiro MD		$	3,383,783				19	%		$	2,337,108				54	%
Rex MD			9,840,553				54	%			492,773				11	%
iNR Wellness			23,905				-	%			69,928				2	%
Purpurex			35,074				-	%			53,522				1	%
Scarology			-				-	%			2,470				-	%
Total product revenue for Conversion Labs PR		$	13,283,315				73	%		$	2,955,801				69	%
Software revenue for LegalSimpli			4,914,797				27	%			1,349,011				31	%
Total net revenue		$	18,198,112				100	%		$	4,304,812				100	%

Summary of Inventory

As of March 31, 2021 and December 31, 2020, the Company’s inventory consisted of the following:

		March 31,				December 31,
		2021				2020
Finished Goods - Products		$	1,616,268				1,172,624
Raw materials and packaging components			115,594				149,115
Inventory reserve			(57,481	)			(57,481	)
Total Inventory - net		$	1,674,381			$	1,264,258

Schedule of Potentially Dilutive Securities

The following table summarizes the number of shares of common stock issuable pursuant to our convertible securities that were excluded from the diluted per share calculation because the effect of including these potential shares was antidilutive even though the exercise price could be less than the average market price of the common shares:

		Three Months Ended				Three Months Ended
		March 31,				March 31,
		2021				2020
Series B Preferred Stock			1,076,923				-
Restricted Stock Units (RSUs)			47,500				-
Stock options			4,395,000				3,869,000
Warrants			3,550,471				2,926,636
Potentially dilutive securities			9,069,894				6,795,636

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