XML 67 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues        
Total revenues, net $ 24,947,199 $ 11,005,763 $ 65,458,922 $ 24,400,358
Cost of revenues        
Total cost of revenues 5,096,487 1,675,582 12,427,764 4,922,384
Gross profit 19,850,712 9,330,181 53,031,158 19,477,974
Expenses        
Selling and marketing expenses 20,293,935 10,528,833 61,372,815 21,669,046
General and administrative expenses 10,695,663 18,441,756 28,194,305 21,868,097
Operating expenses 815,378 542,965 2,390,694 654,947
Customer service expenses 505,880 230,788 1,274,392 488,455
Development costs 131,160 118,346 435,356 288,813
Total expenses 32,442,016 29,862,688 93,667,562 44,969,358
Operating loss (12,591,304) (20,532,507) (40,636,404) (25,491,384)
Other income (expenses), net (1,824,777) (291,096) (2,681,236) (1,313,010)
Loss from operations before income taxes (14,416,081) (20,823,603) (43,317,640) (26,804,394)
Income tax provision (benefit)
Net loss (14,416,081) (20,823,603) (43,317,640) (26,804,394)
Net loss attributable to noncontrolling interests (62,706) (201,233) (531,182) (408,180)
Net loss attributable to LifeMD, Inc. (14,353,375) (20,622,370) (42,786,458) (26,396,214)
Deemed distribution to holders of common and Series B Preferred stock (3,573,636) (4,716,021)
Net loss attributable to LifeMD, Inc. common stockholders $ (14,353,375) $ (24,196,006) $ (42,786,458) $ (31,112,235)
Basic loss per share attributable to LifeMD, Inc. from operations $ (0.54) $ (1.65) $ (1.66) $ (2.47)
Diluted loss per share attributable to LifeMD, Inc. from operations $ (0.54) $ (1.65) $ (1.66) $ (2.47)
Weighted average number of common shares outstanding        
Basic 26,684,591 14,674,693 25,820,478 12,581,401
Diluted 26,684,591 14,674,693 25,820,478 12,581,401
Telehealth Revenue Net [Member]        
Revenues        
Total revenues, net $ 18,540,897 $ 9,438,136 $ 47,623,822 $ 20,263,750
Work Simpli Revenue Net [Member]        
Revenues        
Total revenues, net 6,406,302 1,567,627 17,835,100 4,136,608
Cost of Telehealth Revenue [Member]        
Cost of revenues        
Total cost of revenues 4,969,306 1,601,920 12,113,336 4,718,143
Cost of Work Simpli Revenue [Member]        
Cost of revenues        
Total cost of revenues $ 127,181 $ 73,662 $ 314,428 $ 204,241