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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues        
Total revenues, net $ 30,458,498 $ 22,313,611 $ 59,501,335 $ 40,511,723
Cost of revenues        
Total cost of revenues 4,635,311 4,120,220 9,883,486 7,331,277
Gross profit 25,823,187 18,193,391 49,617,849 33,180,446
Expenses        
Selling and marketing expenses 21,817,966 22,392,179 43,727,791 41,078,880
General and administrative expenses 13,250,669 10,523,071 25,553,147 17,498,642
Goodwill impairment charge 2,735,000 2,735,000
Other operating expenses 1,951,244 809,066 3,278,978 1,445,853
Customer service expenses 1,006,363 473,235 1,939,670 768,512
Development costs 701,070 122,603 1,129,403 433,659
Total expenses 41,462,312 34,320,154 78,363,989 61,225,546
Operating loss (15,639,125) (16,126,763) (28,746,140) (28,045,100)
Interest expense, net (132,236) (901,910) (300,170) (1,041,373)
Change in fair value of contingent consideration 2,735,000 2,735,000
Gain on debt forgiveness 63,400 63,400 184,914
Net loss (12,972,961) (17,028,673) (26,247,910) (28,901,559)
Net income (loss) attributable to non-controlling interest 46,001 (197,973) 70,727 (468,476)
Net loss attributable to LifeMD, Inc. (13,018,962) (16,830,700) (26,318,637) (28,433,083)
Preferred stock dividends (776,562) (1,553,125)
Net loss attributable to LifeMD, Inc. common stockholders $ (13,795,524) $ (16,830,700) $ (27,871,762) $ (28,433,083)
Basic loss per share attributable to LifeMD, Inc. common stockholders $ (0.45) $ (0.64) $ (0.91) $ (1.12)
Diluted loss per share attributable to LifeMD, Inc. common stockholders $ (0.45) $ (0.64) $ (0.91) $ (1.12)
Weighted average number of common shares outstanding:        
Basic 30,804,465 26,289,678 30,777,377 25,381,530
Diluted 30,804,465 26,289,678 30,777,377 25,381,530
Telehealth Revenue [Member]        
Revenues        
Total revenues, net $ 22,267,963 $ 15,799,610 $ 44,866,024 $ 29,082,925
Cost of revenues        
Total cost of revenues 4,453,126 4,021,005 9,539,194 7,144,030
Work Simpli Revenue [Member]        
Revenues        
Total revenues, net 8,190,535 6,514,001 14,635,311 11,428,798
Cost of revenues        
Total cost of revenues $ 182,185 $ 99,215 $ 344,292 $ 187,247