10-Q Filing

LifeMD, Inc. CIK: 948320 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001213900-15-003705`
Period End Date	20150331
Filing Date	20150514
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	immd-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 42 Income Statement 33 Cash Flow Statement 38 Stockholders Equity 8

Balance Sheet 42 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`	30.73M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$36.41K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	30.73M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$155.06K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$75.50K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$70.05K	USD	Point-in-time
Trade accounts receivable	`AccountsReceivableNetCurrent`	$73.45K	USD	Point-in-time
Trade accounts receivable	`AccountsReceivableNetCurrent`	$14.97K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	30.73M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	30.73M	shares	Point-in-time
Inventory, net	`InventoryNet`	$43.46K	USD	Point-in-time
Inventory, net	`InventoryNet`	$41.01K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$186.96K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$131.47K	USD	Point-in-time
Furnishings and equipment, net	`PropertyPlantAndEquipmentNet`	$29.50K	USD	Point-in-time
Furnishings and equipment, net	`PropertyPlantAndEquipmentNet`	$43.75K	USD	Point-in-time
Total Assets	`Assets`	$175.22K	USD	Point-in-time
Total Assets	`Assets`	$216.47K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$274.32K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$251.46K	USD	Point-in-time
Notes payable	`NotesPayable`	$27.20K	USD	Point-in-time
Notes payable	`NotesPayable`	$91.94K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$301.52K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$343.40K	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$8.90K	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$13.20K	USD	Point-in-time
Total Liabilities	`Liabilities`	$352.30K	USD	Point-in-time
Total Liabilities	`Liabilities`	$314.72K	USD	Point-in-time
Common stock, $0.01 par value; 50,000,000 shares authorized, 30,729,973 shares issued and outstanding	`CommonStockValue`	$307.30K	USD	Point-in-time
Common stock, $0.01 par value; 50,000,000 shares authorized, 30,729,973 shares issued and outstanding	`CommonStockValue`	$307.30K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$8.08M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$8.08M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-8.52M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-8.52M	USD	Point-in-time
Total Stockholders' (Deficit) Equity	`StockholdersEquity`	$-139.50K	USD	Point-in-time
Total Stockholders' (Deficit) Equity	`StockholdersEquity`	$-135.83K	USD	Point-in-time
Total Liabilities and Stockholders' (Deficit) Equity	`LiabilitiesAndStockholdersEquity`	$175.22K	USD	Point-in-time
Total Liabilities and Stockholders' (Deficit) Equity	`LiabilitiesAndStockholdersEquity`	$216.47K	USD	Point-in-time

Income Statement 33 line items

Line Item	Tag	Value	Unit	Period
Sales	`Revenues`	$288.28K	USD	1 Quarter
Sales	`Revenues`	$192.43K	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$74.22K	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$49.09K	USD	1 Quarter
Gross Profit	`GrossProfit`	$143.34K	USD	1 Quarter
Gross Profit	`GrossProfit`	$214.06K	USD	1 Quarter
Compensation and related expenses	`CompensationAndRelatedExpenses`	$85.39K	USD	1 Quarter
Compensation and related expenses	`CompensationAndRelatedExpenses`	$164.02K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$54.59K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$35.51K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$102.36K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$85.33K	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$-177.64K	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$7.83K	USD	1 Quarter
License Fee	`LicenseCosts`	$-25.00K	USD	1 Quarter
License Fee	`LicenseCosts`	-	USD	1 Quarter
Other income	`OtherIncome`	$7.88K	USD	1 Quarter
Other income	`OtherIncome`	-	USD	1 Quarter
Interest (expense)	`InterestExpense`	$10.47K	USD	1 Quarter
Interest (expense)	`InterestExpense`	$3.00K	USD	Annual
Interest (expense)	`InterestExpense`	$478.00	USD	1 Quarter
Net (Loss) Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-145.24K	USD	1 Quarter
Net (Loss) Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.63K	USD	1 Quarter
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-4.30K	USD	1 Quarter
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-4.30K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$1.67K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-140.94K	USD	1 Quarter
Basic and diluted income (loss) per share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted income (loss) per share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	30.17M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	30.73M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	31.36M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	30.17M	shares	1 Quarter

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$1.67K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-140.94K	USD	1 Quarter
Depreciation	`Depreciation`	$14.24K	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`	$2.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$28.00K	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$39.11K	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$58.48K	USD	1 Quarter
Legal settlement proceeds receivable	`IncreaseDecreaseInLegalSettlement`	-	USD	1 Quarter
Legal settlement proceeds receivable	`IncreaseDecreaseInLegalSettlement`	$-132.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$1.87K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$2.45K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-22.86K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$5.32K	USD	1 Quarter
Net cash (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-70.19K	USD	1 Quarter
Net cash (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.65K	USD	1 Quarter
Investment in Adiuvo Investment S. A.	`PaymentsToAcquireInterestInJointVenture`	$100.00K	USD	1 Quarter
Investment in Adiuvo Investment S. A.	`PaymentsToAcquireInterestInJointVenture`	-	USD	1 Quarter
Increase in notes payable	`IncreaseDecreaseInNotesPayableCurrent`	$100.00K	USD	1 Quarter
Increase in notes payable	`IncreaseDecreaseInNotesPayableCurrent`	-	USD	1 Quarter
Repayment of notes payable	`RepaymentsOfNotesPayable`	$35.26K	USD	1 Quarter
Repayment of notes payable	`RepaymentsOfNotesPayable`	$12.00K	USD	1 Quarter
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$64.74K	USD	1 Quarter
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-12.00K	USD	1 Quarter
Net (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.44K	USD	1 Quarter
Net (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-118.65K	USD	1 Quarter
Cash at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$36.41K	USD	Point-in-time
Cash at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$155.06K	USD	Point-in-time
Cash at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$75.50K	USD	Point-in-time
Cash at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$70.05K	USD	Point-in-time
Cash at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$36.41K	USD	Point-in-time
Cash at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$155.06K	USD	Point-in-time
Cash at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$75.50K	USD	Point-in-time
Cash at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$70.05K	USD	Point-in-time
Cash paid during the period for interest	`InterestPaid`	$10.47K	USD	1 Quarter
Cash paid during the period for interest	`InterestPaid`	-	USD	1 Quarter

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-139.50K	USD	Point-in-time
Balance	`StockholdersEquity`	$-135.83K	USD	Point-in-time
Stock compensation expense	`ShareBasedCompensation`	$2.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$28.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.67K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-140.94K	USD	1 Quarter
Balance	`StockholdersEquity`	$-139.50K	USD	Point-in-time
Balance	`StockholdersEquity`	$-135.83K	USD	Point-in-time

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