10-K Filing

LifeMD, Inc. CIK: 948320 FY 2013

Filing Information

Form Type	10-K
Accession Number	`0001213900-14-001835`
Period End Date	20131231
Filing Date	20140328
Fiscal Year	2013
Fiscal Period	FY
XBRL Instance	immd-20131231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 47 Income Statement 32 Cash Flow Statement 42 Stockholders Equity 22

Balance Sheet 47 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
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	30.10M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$98.93K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$33.50K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$163.18K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$155.06K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	28.91M	shares	Point-in-time
Trade accounts receivable	`AccountsReceivableNetCurrent`	$49.69K	USD	Point-in-time
Trade accounts receivable	`AccountsReceivableNetCurrent`	$77.47K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	30.10M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	28.91M	shares	Point-in-time
Legal settlement proceeds receivable	`LegalSettlementProceedsReceivable`	-	USD	Point-in-time
Legal settlement proceeds receivable	`LegalSettlementProceedsReceivable`	$132.00K	USD	Point-in-time
Inventory	`InventoryNet`	$86.19K	USD	Point-in-time
Inventory	`InventoryNet`	$63.38K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$450.73K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$212.00K	USD	Point-in-time
Furnishings and equipment	`PropertyPlantAndEquipmentNet`	$100.72K	USD	Point-in-time
Furnishings and equipment	`PropertyPlantAndEquipmentNet`	$157.70K	USD	Point-in-time
Total Assets	`Assets`	$551.45K	USD	Point-in-time
Total Assets	`Assets`	$369.69K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$185.36K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$187.10K	USD	Point-in-time
Deposit payable	`DepositPayable`	$100.00K	USD	Point-in-time
Deposit payable	`DepositPayable`	-	USD	Point-in-time
Notes payable to officers	`NotesPayable`	$40.20K	USD	Point-in-time
Notes payable to officers	`NotesPayable`	-	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$187.10K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$325.56K	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$47.60K	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$30.40K	USD	Point-in-time
Total Liabilities	`Liabilities`	$355.96K	USD	Point-in-time
Total Liabilities	`Liabilities`	$234.70K	USD	Point-in-time
Common stock, $0.01 par value; 50,000,000 shares authorized, 30,104,973 and 28,909,973 shares issued and outstanding in 2013 and 2012, respectively	`CommonStockValue`	$301.05K	USD	Point-in-time
Common stock, $0.01 par value; 50,000,000 shares authorized, 30,104,973 and 28,909,973 shares issued and outstanding in 2013 and 2012, respectively	`CommonStockValue`	$289.10K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.64M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.96M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-7.80M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-8.06M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$195.49K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$135.00K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$-282.98K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$369.69K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$551.45K	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Sales	`Revenues`	$808.36K	USD	Annual
Sales	`Revenues`	$673.78K	USD	Annual
Cost of sales	`CostOfRevenue`	$199.91K	USD	Annual
Cost of sales	`CostOfRevenue`	$181.30K	USD	Annual
Gross Profit	`GrossProfit`	$473.87K	USD	Annual
Gross Profit	`GrossProfit`	$627.06K	USD	Annual
Compensation and related expenses	`CompensationAndRelatedExpenses`	$321.26K	USD	Annual
Compensation and related expenses	`CompensationAndRelatedExpenses`	$651.70K	USD	Annual
Professional fees	`ProfessionalFees`	$253.41K	USD	Annual
Professional fees	`ProfessionalFees`	$128.33K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$439.23K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$393.44K	USD	Annual
Operating (Loss)	`OperatingIncomeLoss`	$-540.02K	USD	Annual
Operating (Loss)	`OperatingIncomeLoss`	$-546.41K	USD	Annual
Legal settlement proceeds	`ProceedsFromLegalSettlements`	-	USD	Annual
Legal settlement proceeds	`ProceedsFromLegalSettlements`	$-210.00K	USD	Annual
License Fee	`LicenseCosts`	$-25.00K	USD	Annual
License Fee	`LicenseCosts`	$-50.00K	USD	Annual
Other income	`OtherIncome`	$55.55K	USD	Annual
Other income	`OtherIncome`	$4.33K	USD	Annual
Interest (expense)	`InterestExpense`	$3.38K	USD	Annual
Interest (expense)	`InterestExpense`	$3.37K	USD	Annual
Net (Loss) Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-462.85K	USD	Annual
Net (Loss) Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-285.46K	USD	Annual
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-17.20K	USD	Annual
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-17.20K	USD	Annual
Net (Loss)	`NetIncomeLoss`	$-268.26K	USD	Annual
Net (Loss)	`NetIncomeLoss`	$-445.65K	USD	Annual
Basic and diluted (loss) per share	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	Annual
Basic and diluted (loss) per share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	Annual
Average number of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	27.52M	shares	Annual
Average number of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	29.38M	shares	Annual

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net (Loss)	`NetIncomeLoss`	$-268.26K	USD	Annual
Net (Loss)	`NetIncomeLoss`	$-445.65K	USD	Annual
Depreciation	`Depreciation`	$56.97K	USD	Annual
Depreciation	`Depreciation`	$56.97K	USD	Annual
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-17.20K	USD	Annual
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-17.20K	USD	Annual
Stock compensation expense	`ShareBasedCompensation`	$105.00K	USD	Annual
Stock compensation expense	`ShareBasedCompensation`	$84.00K	USD	Annual
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$48.75K	USD	Annual
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$122.31K	USD	Annual
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$27.79K	USD	Annual
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$13.33K	USD	Annual
Legal settlement proceeds receivable	`IncreaseDecreaseInLegalSettlement`	$132.00K	USD	Annual
Legal settlement proceeds receivable	`IncreaseDecreaseInLegalSettlement`	-	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$22.82K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$4.58K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-1.73K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-12.24K	USD	Annual
Net Cash (Used) by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-229.73K	USD	Annual
Net Cash (Used) by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-259.07K	USD	Annual
Deposit payable	`PaymentsForProceedsFromDeposit`	$-100.00K	USD	Annual
Deposit payable	`PaymentsForProceedsFromDeposit`	-	USD	Annual
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$175.00K	USD	Annual
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$345.88K	USD	Annual
Increase in notes payable	`IncreaseDecreaseInNotesPayableCurrent`	-	USD	Annual
Increase in notes payable	`IncreaseDecreaseInNotesPayableCurrent`	$94.20K	USD	Annual
Repayment of note payable	`RepaymentsOfNotesPayable`	$50.73K	USD	Annual
Repayment of note payable	`RepaymentsOfNotesPayable`	$54.00K	USD	Annual
Net Cash Provided by Financing activities	`NetCashProvidedByUsedInFinancingActivities`	$315.20K	USD	Annual
Net Cash Provided by Financing activities	`NetCashProvidedByUsedInFinancingActivities`	$295.15K	USD	Annual
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$65.43K	USD	Annual
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$56.13K	USD	Annual
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$98.93K	USD	Point-in-time
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$33.50K	USD	Point-in-time
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$163.18K	USD	Point-in-time
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$155.06K	USD	Point-in-time
Cash at end of year	`CashAndCashEquivalentsAtCarryingValue`	$98.93K	USD	Point-in-time
Cash at end of year	`CashAndCashEquivalentsAtCarryingValue`	$33.50K	USD	Point-in-time
Cash at end of year	`CashAndCashEquivalentsAtCarryingValue`	$163.18K	USD	Point-in-time
Cash at end of year	`CashAndCashEquivalentsAtCarryingValue`	$155.06K	USD	Point-in-time
Notes payable and other payables used to exercise options and warrants	`NotesPayableAndOtherPayablesUsedToExerciseOptionsAndWarrants`	-	USD	Annual
Notes payable and other payables used to exercise options and warrants	`NotesPayableAndOtherPayablesUsedToExerciseOptionsAndWarrants`	$311.44K	USD	Annual

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$195.49K	USD	Point-in-time
Balance	`StockholdersEquity`	$135.00K	USD	Point-in-time
Balance	`StockholdersEquity`	$-282.98K	USD	Point-in-time
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$125.00K	USD	Annual
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$313.38K	USD	Annual
Issuance of common stock for notes and other payables	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$293.94K	USD	Annual
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$48.75K	USD	Annual
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$122.31K	USD	Annual
Issuance of stock options	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$52.50K	USD	Annual
Issuance of stock options	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$85.00K	USD	Annual
Extension of option and warrant expiration dates	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationExtensionStockOptionsWarrantExpirationDates`	$20.00K	USD	Annual
Extension of option and warrant expiration dates	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationExtensionStockOptionsWarrantExpirationDates`	$31.50K	USD	Annual
Options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$50.00K	USD	Annual
Options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$32.50K	USD	Annual
Options exercised with notes payable	`StockIssuedDuringPeriodValueStockOptionsExercisedForDebt`	$17.50K	USD	Annual
Retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	-	USD	Annual
Retirement of treasury stock	`TreasuryStockSharesRetired`	-	shares	Annual
Net (Loss)	`NetIncomeLoss`	$-268.26K	USD	Annual
Net (Loss)	`NetIncomeLoss`	$-445.65K	USD	Annual
Balance	`StockholdersEquity`	$195.49K	USD	Point-in-time
Balance	`StockholdersEquity`	$135.00K	USD	Point-in-time
Balance	`StockholdersEquity`	$-282.98K	USD	Point-in-time

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