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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Current Assets    
Cash $ 13,406,656 $ 9,179,075
Accounts receivable, net 1,351,443 648,421
Product deposit 1,300,243 816,765
Inventory, net 1,674,381 1,264,258
Other current assets 104,801 154,876
Total Current Assets 17,837,524 12,063,395
Non-current assets    
Right of use asset, net 249,848 274,437
Capitalized software, net 400,392 375,983
Intangible assets, net 255,937 339,840
Total non-current assets 906,177 990,260
Total Assets 18,743,701 13,053,655
Current Liabilities    
Accounts payable and accrued expenses 13,430,136 11,794,084
Notes payable, net 674,269 779,132
Deferred revenue 1,339,309 916,880
Total Current Liabilities 15,443,714 13,490,096
Long-term Liabilities    
Lease Liability 263,401 285,323
Contingent consideration on purchase of LegalSimpli 100,000 100,000
Total Liabilities 15,807,115 13,875,419
Mezzanine Equity    
Preferred Stock, $0.0001 per value; 5,000,000 shares authorized Series B Preferred Stock, $0.0001 per value; 5,000 shares authorized, 3,500 and 3,500 shares issued and outstanding, liquidation value approximately, $1,079 and $1,045 per share as of March 31, 2021 and December 31, 2020, respectively 3,778,013 3,655,822
Stockholders' Deficit    
Common stock, $0.01 par value; 100,000,000 shares authorizes, 25,885,014 and 23,433,663 shares issued, 25,781,974 and 23,330,623 outstanding as of March 31, 2021 and December 31, 2020, respectively 258,851 234,337
Additional paid-in capital 91,585,607 77,779,370
Accumulated deficit (91,754,288) (80,151,905)
Equity 90,170 (2,138,198)
Treasury stock, 103,040 and 103,040 shares, at cost (163,701) (163,701)
Total LifeMD, Inc. Stockholders' Deficit (73,531) (2,301,899)
Non-controlling interest (767,896) (2,175,687)
Total Stockholders' Deficit (841,427) (4,477,586)
Total Liabilities, Mezzanine Equity and Stockholders' Deficit $ 18,743,701 $ 13,053,655