10-Q Filing

LifeMD, Inc. CIK: 948320 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0001144204-13-045473`
Period End Date	20130630
Filing Date	20130814
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	immd-20130630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 38 Income Statement 60 Cash Flow Statement 46 Stockholders Equity 10

Balance Sheet 38 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$111.06K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$247.28K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$33.50K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$98.93K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	29.41M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	29.41M	shares	Point-in-time
Trade accounts receivable	`AccountsReceivableNetCurrent`	$157.51K	USD	Point-in-time
Trade accounts receivable	`AccountsReceivableNetCurrent`	$49.69K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	29.41M	shares	Point-in-time
Inventory	`InventoryNet`	$63.38K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	29.41M	shares	Point-in-time
Inventory	`InventoryNet`	$64.05K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$212.00K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$332.62K	USD	Point-in-time
Furnishings and equipment	`PropertyPlantAndEquipmentNet`	$129.21K	USD	Point-in-time
Furnishings and equipment	`PropertyPlantAndEquipmentNet`	$157.70K	USD	Point-in-time
Total Assets	`Assets`	$461.82K	USD	Point-in-time
Total Assets	`Assets`	$369.69K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$242.67K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$187.10K	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$39.00K	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$47.60K	USD	Point-in-time
Total Liabilities	`Liabilities`	$234.70K	USD	Point-in-time
Total Liabilities	`Liabilities`	$281.67K	USD	Point-in-time
Common stock, $0.01 par value; 50,000,000 shares authorized, 29,409,973 shares issued and outstanding	`CommonStockValue`	$289.10K	USD	Point-in-time
Common stock, $0.01 par value; 50,000,000 shares authorized, 29,409,973 shares issued and outstanding	`CommonStockValue`	$294.10K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.64M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.74M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-7.80M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-7.85M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$135.00K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$180.16K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$369.69K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$461.82K	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Sales	`Revenues`	$322.90K	USD	1 Quarter
Sales	`Revenues`	$553.16K	USD	2 Qtrs
Sales	`Revenues`	$227.57K	USD	1 Quarter
Sales	`Revenues`	$406.10K	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	$103.80K	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$65.67K	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$134.76K	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	$178.96K	USD	2 Qtrs
Gross Profit	`GrossProfit`	$418.40K	USD	2 Qtrs
Gross Profit	`GrossProfit`	$257.24K	USD	1 Quarter
Gross Profit	`GrossProfit`	$123.76K	USD	1 Quarter
Gross Profit	`GrossProfit`	$227.14K	USD	2 Qtrs
Compensation and related expenses	`CompensationAndRelatedExpenses`	$172.75K	USD	1 Quarter
Compensation and related expenses	`CompensationAndRelatedExpenses`	$277.99K	USD	2 Qtrs
Compensation and related expenses	`CompensationAndRelatedExpenses`	$224.97K	USD	2 Qtrs
Compensation and related expenses	`CompensationAndRelatedExpenses`	$157.84K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$77.56K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$84.03K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$37.29K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$103.52K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$82.27K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$147.32K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$150.18K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$89.14K	USD	1 Quarter
Operating (Loss)	`OperatingIncomeLoss`	$-251.53K	USD	2 Qtrs
Operating (Loss)	`OperatingIncomeLoss`	$-215.70K	USD	1 Quarter
Operating (Loss)	`OperatingIncomeLoss`	$-20.15K	USD	1 Quarter
Operating (Loss)	`OperatingIncomeLoss`	$-90.94K	USD	2 Qtrs
License Fee	`LicenseCosts`	$-25.00K	USD	1 Quarter
License Fee	`LicenseCosts`	-	USD	1 Quarter
License Fee	`LicenseCosts`	$-25.00K	USD	2 Qtrs
License Fee	`LicenseCosts`	$-25.00K	USD	2 Qtrs
Other income	`OtherIncome`	-	USD	1 Quarter
Other income	`OtherIncome`	-	USD	1 Quarter
Other income	`OtherIncome`	-	USD	2 Qtrs
Other income	`OtherIncome`	$6.16K	USD	2 Qtrs
Interest (expense)	`InterestExpense`	-	USD	1 Quarter
Interest (expense)	`InterestExpense`	$443.00	USD	1 Quarter
Interest (expense)	`InterestExpense`	$3.37K	USD	2 Qtrs
Interest (expense)	`InterestExpense`	-	USD	2 Qtrs
Net (Loss) Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-191.14K	USD	1 Quarter
Net (Loss) Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-65.94K	USD	2 Qtrs
Net (Loss) Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-223.74K	USD	2 Qtrs
Net (Loss) Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-20.15K	USD	1 Quarter
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-8.60K	USD	2 Qtrs
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-8.60K	USD	2 Qtrs
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-4.30K	USD	1 Quarter
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-4.30K	USD	1 Quarter
Net (Loss)	`NetIncomeLoss`	$-57.34K	USD	2 Qtrs
Net (Loss)	`NetIncomeLoss`	$-186.84K	USD	1 Quarter
Net (Loss)	`NetIncomeLoss`	$-15.85K	USD	1 Quarter
Net (Loss)	`NetIncomeLoss`	$-215.13K	USD	2 Qtrs
Basic and diluted (loss) per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
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`	$-0.01	USD	1 Quarter
Basic and diluted (loss) per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Average number of common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	26.15M	shares	2 Qtrs
Average number of common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	29.24M	shares	1 Quarter
Average number of common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	27.56M	shares	1 Quarter
Average number of common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	29.08M	shares	2 Qtrs

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net (Loss)	`NetIncomeLoss`	$-57.34K	USD	2 Qtrs
Net (Loss)	`NetIncomeLoss`	$-186.84K	USD	1 Quarter
Net (Loss)	`NetIncomeLoss`	$-15.85K	USD	1 Quarter
Net (Loss)	`NetIncomeLoss`	$-215.13K	USD	2 Qtrs
Depreciation	`Depreciation`	$28.49K	USD	2 Qtrs
Depreciation	`Depreciation`	$28.34K	USD	2 Qtrs
Deferred tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-8.60K	USD	2 Qtrs
Deferred tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-8.60K	USD	2 Qtrs
Deferred tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-4.30K	USD	1 Quarter
Deferred tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-4.30K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$52.50K	USD	2 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$48.50K	USD	2 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$25.50K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$48.50K	USD	1 Quarter
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	-	USD	2 Qtrs
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$-119.00K	USD	2 Qtrs
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$90.00K	USD	2 Qtrs
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$107.82K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$670.00	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-22.57K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$55.57K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$16.54K	USD	2 Qtrs
Net cash (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-78.78K	USD	2 Qtrs
Net cash (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-37.87K	USD	2 Qtrs
Exercise of stock options	`DeferredTaxExpenseFromStockOptionsExercised`	-	USD	2 Qtrs
Exercise of stock options	`DeferredTaxExpenseFromStockOptionsExercised`	$50.00K	USD	2 Qtrs
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$343.30K	USD	2 Qtrs
Repayment of note payable	`RepaymentsOfNotesPayable`	$50.73K	USD	2 Qtrs
Repayment of note payable	`RepaymentsOfNotesPayable`	-	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$50.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$292.57K	USD	2 Qtrs
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$12.13K	USD	2 Qtrs
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$213.78K	USD	2 Qtrs
Cash at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$111.06K	USD	Point-in-time
Cash at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$247.28K	USD	Point-in-time
Cash at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$33.50K	USD	Point-in-time
Cash at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$98.93K	USD	Point-in-time
Cash at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$111.06K	USD	Point-in-time
Cash at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$247.28K	USD	Point-in-time
Cash at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$33.50K	USD	Point-in-time
Cash at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$98.93K	USD	Point-in-time
Cash paid during the period for interest	`InterestPaid`	$3.37K	USD	2 Qtrs
Cash paid during the period for interest	`InterestPaid`	-	USD	2 Qtrs
Notes payable and other payables used to exercise options and warrants	`NotesPayableAndOtherPayablesUsedToExerciseOptionsAndWarrants`	-	USD	2 Qtrs
Notes payable and other payables used to exercise options and warrants	`NotesPayableAndOtherPayablesUsedToExerciseOptionsAndWarrants`	$311.44K	USD	2 Qtrs

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$135.00K	USD	Point-in-time
Balance	`StockholdersEquity`	$180.16K	USD	Point-in-time
Stock options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$50.00K	USD	2 Qtrs
Amortization of stock options	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$52.50K	USD	2 Qtrs
Net (loss)	`NetIncomeLoss`	$-57.34K	USD	2 Qtrs
Net (loss)	`NetIncomeLoss`	$-186.84K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-15.85K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-215.13K	USD	2 Qtrs
Balance	`StockholdersEquity`	$135.00K	USD	Point-in-time
Balance	`StockholdersEquity`	$180.16K	USD	Point-in-time

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