10-Q Filing

LifeMD, Inc. CIK: 948320 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0001213900-15-008584`
Period End Date	20150930
Filing Date	20151113
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	immd-20150930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 42 Income Statement 64 Cash Flow Statement 47 Stockholders Equity 13

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`	30.67M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	30.67M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$155.06K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$73.86K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$75.50K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$90.00K	USD	Point-in-time
Trade accounts receivable	`AccountsReceivableNetCurrent`	$14.97K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	30.67M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	30.67M	shares	Point-in-time
Trade accounts receivable	`AccountsReceivableNetCurrent`	$131.72K	USD	Point-in-time
Inventory, net	`InventoryNet`	$39.43K	USD	Point-in-time
Inventory, net	`InventoryNet`	$41.01K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$245.01K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$131.47K	USD	Point-in-time
Furnishings and equipment	`PropertyPlantAndEquipmentNet`	$43.75K	USD	Point-in-time
Furnishings and equipment	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Total Assets	`Assets`	$245.01K	USD	Point-in-time
Total Assets	`Assets`	$175.22K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$275.38K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$274.32K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$27.20K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$106.48K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$301.52K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$381.86K	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	-	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$13.20K	USD	Point-in-time
Total Liabilities	`Liabilities`	$314.72K	USD	Point-in-time
Total Liabilities	`Liabilities`	$381.86K	USD	Point-in-time
Common stock, $0.01 par value; 50,000,000 shares authorized, 30,669,973 shares issued and outstanding at September 30, 2015	`CommonStockValue`	$306.70K	USD	Point-in-time
Common stock, $0.01 par value; 50,000,000 shares authorized, 30,669,973 shares issued and outstanding at September 30, 2015	`CommonStockValue`	$307.30K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$8.08M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$8.09M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-8.52M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-8.54M	USD	Point-in-time
Total Stockholders' (Deficit)	`StockholdersEquity`	$-139.50K	USD	Point-in-time
Total Stockholders' (Deficit)	`StockholdersEquity`	$-136.84K	USD	Point-in-time
Total Liabilities and Stockholders' (Deficit)	`LiabilitiesAndStockholdersEquity`	$175.22K	USD	Point-in-time
Total Liabilities and Stockholders' (Deficit)	`LiabilitiesAndStockholdersEquity`	$245.01K	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Sales	`Revenues`	$554.51K	USD	3 Qtrs
Sales	`Revenues`	$845.51K	USD	3 Qtrs
Sales	`Revenues`	$279.88K	USD	1 Quarter
Sales	`Revenues`	$165.47K	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$189.85K	USD	3 Qtrs
Cost of sales	`CostOfRevenue`	$237.71K	USD	3 Qtrs
Cost of sales	`CostOfRevenue`	$71.61K	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$73.99K	USD	1 Quarter
Gross Profit	`GrossProfit`	$364.66K	USD	3 Qtrs
Gross Profit	`GrossProfit`	$205.90K	USD	1 Quarter
Gross Profit	`GrossProfit`	$93.86K	USD	1 Quarter
Gross Profit	`GrossProfit`	$607.81K	USD	3 Qtrs
Compensation and related expenses	`CompensationAndRelatedExpenses`	$301.30K	USD	3 Qtrs
Compensation and related expenses	`CompensationAndRelatedExpenses`	$429.38K	USD	3 Qtrs
Compensation and related expenses	`CompensationAndRelatedExpenses`	$151.33K	USD	1 Quarter
Compensation and related expenses	`CompensationAndRelatedExpenses`	$101.14K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$32.20K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$29.24K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$91.06K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$112.79K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$206.84K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$57.58K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$43.28K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$208.44K	USD	3 Qtrs
Operating income (Loss)	`OperatingIncomeLoss`	$-132.94K	USD	1 Quarter
Operating income (Loss)	`OperatingIncomeLoss`	$8.61K	USD	3 Qtrs
Operating income (Loss)	`OperatingIncomeLoss`	$-385.96K	USD	3 Qtrs
Operating income (Loss)	`OperatingIncomeLoss`	$17.94K	USD	1 Quarter
License Fee	`LicenseCosts`	$-25.00K	USD	1 Quarter
License Fee	`LicenseCosts`	-	USD	3 Qtrs
License Fee	`LicenseCosts`	$-50.00K	USD	3 Qtrs
License Fee	`LicenseCosts`	-	USD	1 Quarter
Other income	`OtherIncome`	-	USD	1 Quarter
Other income	`OtherIncome`	-	USD	1 Quarter
Other income	`OtherIncome`	-	USD	3 Qtrs
Other income	`OtherIncome`	$7.88K	USD	3 Qtrs
Interest (expense)	`InterestExpense`	$1.17K	USD	3 Qtrs
Interest (expense)	`InterestExpense`	$259.00	USD	1 Quarter
Interest (expense)	`InterestExpense`	$14.42K	USD	1 Quarter
Interest (expense)	`InterestExpense`	$33.05K	USD	3 Qtrs
Net Income (Loss) Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-24.44K	USD	3 Qtrs
Net Income (Loss) Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-108.20K	USD	1 Quarter
Net Income (Loss) Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.52K	USD	1 Quarter
Net Income (Loss) Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-329.25K	USD	3 Qtrs
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-12.90K	USD	3 Qtrs
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-13.20K	USD	3 Qtrs
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-4.30K	USD	1 Quarter
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-4.60K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-316.35K	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-103.90K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-11.24K	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$8.12K	USD	1 Quarter
Basic and diluted income (loss) per share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	3 Qtrs
Basic and diluted income (loss) per share	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Basic and diluted income (loss) per share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted income (loss) per share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	30.28M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	30.25M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	30.61M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	30.66M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	30.66M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	30.25M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	30.28M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	30.61M	shares	1 Quarter

Cash Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Net (Loss)	`NetIncomeLoss`	$-316.35K	USD	3 Qtrs
Net (Loss)	`NetIncomeLoss`	$-103.90K	USD	1 Quarter
Net (Loss)	`NetIncomeLoss`	$-11.24K	USD	3 Qtrs
Net (Loss)	`NetIncomeLoss`	$8.12K	USD	1 Quarter
Depreciation	`Depreciation`	$42.73K	USD	3 Qtrs
Depreciation	`Depreciation`	$43.75K	USD	3 Qtrs
Deferred tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-12.90K	USD	3 Qtrs
Deferred tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-13.20K	USD	3 Qtrs
Deferred tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-4.30K	USD	1 Quarter
Deferred tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-4.60K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$14.50K	USD	3 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$10.00K	USD	3 Qtrs
Common stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	3 Qtrs
Common stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$80.50K	USD	3 Qtrs
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$33.15K	USD	3 Qtrs
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$116.75K	USD	3 Qtrs
Legal settlement proceeds receivable	`IncreaseDecreaseInLegalSettlement`	$-132.00K	USD	3 Qtrs
Legal settlement proceeds receivable	`IncreaseDecreaseInLegalSettlement`	-	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-31.33K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-1.58K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$73.78K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$1.06K	USD	3 Qtrs
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$7.95K	USD	3 Qtrs
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-80.31K	USD	3 Qtrs
Investment in Adiuvo Investment S. A.	`PaymentsToAcquireInterestInJointVenture`	$100.00K	USD	3 Qtrs
Investment in Adiuvo Investment S. A.	`PaymentsToAcquireInterestInJointVenture`	-	USD	3 Qtrs
Increase in notes payable	`IncreaseDecreaseInNotesPayableCurrent`	$205.00K	USD	3 Qtrs
Increase in notes payable	`IncreaseDecreaseInNotesPayableCurrent`	$50.00K	USD	3 Qtrs
Repayment of notes payable	`RepaymentsOfNotesPayable`	$23.00K	USD	3 Qtrs
Repayment of notes payable	`RepaymentsOfNotesPayable`	$115.52K	USD	3 Qtrs
Purchase of Company stock	`PaymentsOfDividendsCommonStock`	-	USD	3 Qtrs
Purchase of Company stock	`PaymentsOfDividendsCommonStock`	$10.80K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$78.68K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$27.00K	USD	3 Qtrs
Net (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.63K	USD	3 Qtrs
Net (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-65.05K	USD	3 Qtrs
Cash at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$155.06K	USD	Point-in-time
Cash at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$73.86K	USD	Point-in-time
Cash at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$75.50K	USD	Point-in-time
Cash at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$90.00K	USD	Point-in-time
Cash at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$155.06K	USD	Point-in-time
Cash at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$73.86K	USD	Point-in-time
Cash at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$75.50K	USD	Point-in-time
Cash at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$90.00K	USD	Point-in-time
Cash paid during the period for interest	`InterestPaid`	$515.00	USD	3 Qtrs
Cash paid during the period for interest	`InterestPaid`	$24.55K	USD	3 Qtrs
Issuance of common stock for notes payable	`ConversionOfStockAmountIssued1`	$10.20K	USD	3 Qtrs

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-139.50K	USD	Point-in-time
Balance	`StockholdersEquity`	$-136.84K	USD	Point-in-time
Issuance of common stock for notes payable	`StockIssuedDuringPeriodValueOther`	$10.20K	USD	3 Qtrs
Amortization of stock options	`AdjustmentsOfAdditionPaidInCapitalAmortizationOfStockOptions`	$14.50K	USD	3 Qtrs
Purchase of Company stock	`StockIssuedDuringPeriodValueNewIssues`	$10.80K	USD	Point-in-time
Purchase of Company stock	`StockIssuedDuringPeriodValueNewIssues`	$-10.80K	USD	3 Qtrs
Purchase of Company stock, shares	`StockIssuedDuringPeriodSharesNewIssues`	120,000.00	shares	Point-in-time
Net (loss)	`NetIncomeLoss`	$-316.35K	USD	3 Qtrs
Net (loss)	`NetIncomeLoss`	$-103.90K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-11.24K	USD	3 Qtrs
Net (loss)	`NetIncomeLoss`	$8.12K	USD	1 Quarter
Balance	`StockholdersEquity`	$-139.50K	USD	Point-in-time
Balance	`StockholdersEquity`	$-136.84K	USD	Point-in-time

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