10-Q Filing

LifeMD, Inc. CIK: 948320 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001144204-13-028767`
Period End Date	20130331
Filing Date	20130514
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	immd-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 38 Income Statement 30 Cash Flow Statement 32 Stockholders Equity 7

Balance Sheet 38 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$7.28K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$33.50K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$38.92K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$98.93K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	28.91M	shares	Point-in-time
Trade accounts receivable	`AccountsReceivableNetCurrent`	$49.69K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	28.91M	shares	Point-in-time
Trade accounts receivable	`AccountsReceivableNetCurrent`	$113.84K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	28.91M	shares	Point-in-time
Inventory	`InventoryNet`	$68.78K	USD	Point-in-time
Inventory	`InventoryNet`	$63.38K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	28.91M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$212.00K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$221.53K	USD	Point-in-time
Furnishings and equipment	`PropertyPlantAndEquipmentNet`	$157.70K	USD	Point-in-time
Furnishings and equipment	`PropertyPlantAndEquipmentNet`	$143.45K	USD	Point-in-time
Total Assets	`Assets`	$364.99K	USD	Point-in-time
Total Assets	`Assets`	$369.69K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$201.18K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$187.10K	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$43.30K	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$47.60K	USD	Point-in-time
Total Liabilities	`Liabilities`	$244.47K	USD	Point-in-time
Total Liabilities	`Liabilities`	$234.70K	USD	Point-in-time
Common stock, $0.01 par value; 50,000,000 shares authorized, 28,909,973 shares issued and outstanding	`CommonStockValue`	$289.10K	USD	Point-in-time
Common stock, $0.01 par value; 50,000,000 shares authorized, 28,909,973 shares issued and outstanding	`CommonStockValue`	$289.10K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.64M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.67M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-7.84M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-7.80M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$120.51K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$135.00K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$364.99K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$369.69K	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Sales	`Revenues`	$230.26K	USD	1 Quarter
Sales	`Revenues`	$178.54K	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$32.33K	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$29.57K	USD	1 Quarter
Gross Profit	`GrossProfit`	$148.96K	USD	1 Quarter
Gross Profit	`GrossProfit`	$197.93K	USD	1 Quarter
Compensation and related expenses	`CompensationAndRelatedExpenses`	$68.05K	USD	1 Quarter
Compensation and related expenses	`CompensationAndRelatedExpenses`	$135.89K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$25.95K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$46.74K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$90.79K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$86.08K	USD	1 Quarter
Operating (Loss)	`OperatingIncomeLoss`	$-35.83K	USD	1 Quarter
Operating (Loss)	`OperatingIncomeLoss`	$-70.79K	USD	1 Quarter
License Fee	`LicenseCosts`	-	USD	1 Quarter
License Fee	`LicenseCosts`	$-25.00K	USD	1 Quarter
Other income	`OtherIncome`	$6.16K	USD	1 Quarter
Other income	`OtherIncome`	-	USD	1 Quarter
Interest (expense)	`InterestExpense`	-	USD	1 Quarter
Interest (expense)	`InterestExpense`	$2.93K	USD	1 Quarter
Net (Loss) Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-45.79K	USD	1 Quarter
Net (Loss) Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-32.59K	USD	1 Quarter
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-4.30K	USD	1 Quarter
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-4.30K	USD	1 Quarter
Net (Loss)	`NetIncomeLoss`	$-28.29K	USD	1 Quarter
Net (Loss)	`NetIncomeLoss`	$-41.49K	USD	1 Quarter
Basic and diluted (loss) per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted (loss) per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Average number of common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	24.73M	shares	1 Quarter
Average number of common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	28.91M	shares	1 Quarter

Cash Flow Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net (Loss)	`NetIncomeLoss`	$-28.29K	USD	1 Quarter
Net (Loss)	`NetIncomeLoss`	$-41.49K	USD	1 Quarter
Depreciation	`Depreciation`	$14.10K	USD	1 Quarter
Depreciation	`Depreciation`	$14.24K	USD	1 Quarter
Deferred tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-4.30K	USD	1 Quarter
Deferred tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-4.30K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	-	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$27.00K	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-64.15K	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-32.57K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-5.40K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$13.70K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$14.08K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$7.74K	USD	1 Quarter
Due to officer	`IncreaseDecreaseInDueToOfficersAndStockholdersCurrent`	$30.00K	USD	1 Quarter
Due to officer	`IncreaseDecreaseInDueToOfficersAndStockholdersCurrent`	-	USD	1 Quarter
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-60.01K	USD	1 Quarter
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$377.00	USD	1 Quarter
Repayment of note payable	`RepaymentsOfNotesPayable`	-	USD	1 Quarter
Repayment of note payable	`RepaymentsOfNotesPayable`	$26.60K	USD	1 Quarter
Net (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-60.01K	USD	1 Quarter
Net (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-26.22K	USD	1 Quarter
Cash at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$7.28K	USD	Point-in-time
Cash at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$33.50K	USD	Point-in-time
Cash at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$38.92K	USD	Point-in-time
Cash at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$98.93K	USD	Point-in-time
Cash at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$7.28K	USD	Point-in-time
Cash at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$33.50K	USD	Point-in-time
Cash at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$38.92K	USD	Point-in-time
Cash at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$98.93K	USD	Point-in-time
Cash paid during the period for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid during the period for interest	`InterestPaid`	$2.93K	USD	1 Quarter

Stockholders Equity 7 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$120.51K	USD	Point-in-time
Balance	`StockholdersEquity`	$135.00K	USD	Point-in-time
Amortization of stock options	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$27.00K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-28.29K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-41.49K	USD	1 Quarter
Balance	`StockholdersEquity`	$120.51K	USD	Point-in-time
Balance	`StockholdersEquity`	$135.00K	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.