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BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2024

Accounting Policies [Abstract]

SCHEDULE OF DISAGGREGATED REVENUE

For the three and six months ended June 30, 2024 and 2023, the Company had the following disaggregated revenue:

 SCHEDULE OF DISAGGREGATED REVENUE

		Three Months Ended June 30,																Six Months Ended June 30,
		2024				%				2023				%				2024				%				2023				%
Telehealth revenue		$	20,519,165				41	%		$	21,915,088				61	%		$	41,784,029				44	%		$	41,760,142				61	%
LifeMD PC subscription revenue			13,881,894				27	%			436,040				1	%			21,489,682				23	%			793,789				1	%
WorkSimpli revenue			13,229,536				26	%			13,595,785				38	%			26,532,398				28	%			26,519,317				38	%
Medifast collaboration revenue			3,031,250				6	%			-				-	%			5,000,000				5	%			-				-	%
Total net revenue		$	50,661,845				100	%		$	35,946,913				100	%		$	94,806,109				100	%		$	69,073,248				100	%

SCHEDULE OF CONTRACT WITH CUSTOMER LIABILITY

The following table summarizes deferred revenue activities for the periods presented:

 SCHEDULE OF CONTRACT WITH CUSTOMER LIABILITY

		2024				2023				2024				2023
		Three Months Ended June 30,								Six Months Ended June 30,
		2024				2023				2024				2023
Beginning of period		$	13,202,757			$	5,895,545			$	8,828,598			$	5,547,506
Additions			50,449,028				33,760,427				95,042,515				64,965,817
Revenue recognized			(48,490,126	)			(33,987,762	)			(88,709,454	)			(64,845,113	)
End of period		$	15,161,659			$	5,668,210			$	15,161,659			$	5,668,210

SUMMARY OF INVENTORY

As of June 30, 2024 and December 31, 2023, the Company’s inventory consisted of the following:

SUMMARY OF INVENTORY

		June 30,				December 31,
		2024				2023
Finished goods		$	1,022,027			$	1,216,833
Raw materials and packaging components			1,379,436				1,898,784
Inventory reserve			(340,744	)			(355,685	)
Total inventory, net		$	2,060,719			$	2,759,932

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:

 SCHEDULE OF POTENTIALLY DILUTIVE SECURITIES

		2024				2023				2024				2023
		Three Months Ended June 30,								Six Months Ended June 30,
		2024				2023				2024				2023
Series B Preferred Stock			-				1,548,594				-				1,493,991
RSUs and RSAs			2,279,750				2,788,000				2,296,125				2,341,438
Stock options			1,527,000				3,463,753				1,843,375				3,667,003
Warrants			1,743,730				4,827,380				2,068,419				4,827,380
Convertible long-term debt			671,141				1,342,282				671,141				1,342,282
Potentially dilutive securities			6,221,621				13,970,009				6,879,060				13,672,094

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