Consolidated Balance Sheets - USD ($)	Dec. 31, 2025	Dec. 31, 2024
Current Assets
Cash	$ 36,786,318	$ 32,651,801
Accounts receivable	9,305,277	10,455,813
Product deposit	320,217	40,763
Inventory, net	2,773,576	2,797,358
Other current assets	2,646,077	3,003,539
Current assets of discontinued operations		3,420,086
Total Current Assets	51,831,465	52,369,360
Non-current Assets
Equipment, net	2,444,717	1,439,573
Right of use assets, net	5,267,857	6,228,559
Capitalized software, net	10,604,946	9,305,919
Intangible assets, net	262,334	53,336
Non-current assets of discontinued operations		6,699,550
Total Non-current Assets	18,579,854	23,726,937
Total Assets	70,411,319	76,096,297
Current Liabilities
Accounts payable	14,149,154	10,904,671
Accrued expenses	15,974,016	21,756,619
Current operating lease liabilities	642,422	320,082
Current portion of convertible long-term debt		8,444,444
Deferred revenue	10,807,773	17,097,854
Current liabilities of discontinued operations		8,876,498
Total Current Liabilities	41,573,365	67,400,168
Long-term Liabilities
Convertible long-term debt, net		9,885,057
Non-current operating lease liabilities	5,681,374	6,279,004
Non-current liabilities of discontinued operations		86,188
Total Liabilities	47,254,739	83,650,417
Commitments and contingencies (Note 12)
Stockholders’ Equity (Deficit)
Series A Preferred Stock, $0.0001 par value; 1,610,000 shares authorized, 1,400,000 shares issued and outstanding, liquidation value approximately, $35.8 million as of December 31, 2025 and 2024	140	140
Common Stock, $0.01 par value; 100,000,000 shares authorized, 46,760,016 and 42,293,907 shares issued, 46,656,976 and 42,190,867 outstanding as of December 31, 2025 and 2024, respectively	467,600	422,939
Additional paid-in capital	251,455,616	230,508,339
Accumulated deficit	(228,603,075)	(239,850,931)
Treasury stock, 103,040 shares, at cost, as of December 31, 2025 and 2024	(163,701)	(163,701)
Total LifeMD, Inc. Stockholders’ Equity (Deficit)	23,156,580	(9,083,214)
Non-controlling interest of discontinued operations		1,529,094
Total Stockholders’ Equity (Deficit)	23,156,580	(7,554,120)
Total Liabilities and Stockholders’ Equity (Deficit)	$ 70,411,319	$ 76,096,297

LifeMD, Inc. 10-K