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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues    
Total revenues, net $ 44,144,264 $ 33,126,335
Cost of revenues    
Total cost of revenues 4,600,177 4,214,969
Gross profit 39,544,087 28,911,366
Expenses    
Selling and marketing expenses 24,173,880 16,717,645
General and administrative expenses 15,305,732 10,602,763
Other operating expenses 2,300,447 1,704,765
Development costs 2,087,232 1,183,599
Customer service expenses 1,848,041 1,555,404
Total expenses 45,715,332 31,764,176
Operating loss (6,171,245) (2,852,810)
Interest expense, net (477,678) (264,465)
Loss on debt extinguishment (325,198)
Net loss (6,648,923) (3,442,473)
Net income attributable to non-controlling interest 119,432 565,983
Net loss attributable to LifeMD, Inc. (6,768,355) (4,008,456)
Preferred stock dividends (776,563) (776,563)
Net loss attributable to LifeMD, Inc. common stockholders $ (7,544,918) $ (4,785,019)
Basic loss per share attributable to LifeMD, Inc. common stockholders $ (0.19) $ (0.15)
Diluted loss per share attributable to LifeMD, Inc. common stockholders $ (0.19) $ (0.15)
Weighted average number of common shares outstanding:    
Basic 39,242,237 31,680,776
Diluted 39,242,237 31,680,776
Telehealth Revenue [Member]    
Revenues    
Total revenues, net $ 30,841,402 $ 20,202,803
Cost of revenues    
Total cost of revenues 4,194,595 3,920,182
WorkSimpli Revenue [Member]    
Revenues    
Total revenues, net 13,302,862 12,923,532
Cost of revenues    
Total cost of revenues $ 405,582 $ 294,787