SUBSEQUENT EVENTS	6 Months Ended
Jun. 30, 2025
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 13 – SUBSEQUENT EVENTS Stock Issued for Service In July 2025, the Company issued 163,444 shares of common stock related to vested restricted stock with a total fair value of $805 thousand. Stock Options Exercises In July 2025, the Company issued 25,273 shares of common stock related to the cashless exercise of 47,500 stock options. In July 2025, the Company issued 1,250 shares of common stock related to the exercise of stock options for total proceeds of $6 thousand. ATM Sales Agreement In July 2025, the Company sold 762,990 shares of common stock under the ATM Sales Agreement and net proceeds received were $8.7 million. Amended Bonus Agreement On July 15, 2025, the Company entered into an amendment to the bonus agreement with Brian Schreiber, the Company’s Logistics & Fulfillment Advisor and a relative of the Company’s Chief Executive Officer. The amendment modifies the performance-based vesting conditions of a previously granted stock option award by replacing pre-tax earnings targets with Adjusted EBITDA target, which is a performance measure used in other employee bonus agreements. All other material terms of the original agreement remain unchanged. The Company will account for the modification and record stock-based compensation expense during the three months ended September 30, 2025. Avenue Facility Extinguishment On August 5, 2025, the Company paid the remaining $14.0 million in outstanding principal payments on the Avenue Facility and the prepayment penalty as noted in the Avenue Credit Agreement. As of August 5, 2025, there are no remaining principal payments on the Avenue Facility. The Company will account for the extinguishment during the three months ended September 30, 2025.

SUBSEQUENT EVENTS

6 Months Ended

Jun. 30, 2025

NOTE 13 – SUBSEQUENT EVENTS

Stock Issued for Service

In July 2025, the Company issued 163,444 shares of common stock related to vested restricted stock with a total fair value of $805 thousand.

Stock Options Exercises

In July 2025, the Company issued 25,273 shares of common stock related to the cashless exercise of 47,500 stock options.

In July 2025, the Company issued 1,250 shares of common stock related to the exercise of stock options for total proceeds of $6 thousand.

ATM Sales Agreement

In July 2025, the Company sold 762,990 shares of common stock under the ATM Sales Agreement and net proceeds received were $8.7 million.

Amended Bonus Agreement

On July 15, 2025, the Company entered into an amendment to the bonus agreement with Brian Schreiber, the Company’s Logistics & Fulfillment Advisor and a relative of the Company’s Chief Executive Officer. The amendment modifies the performance-based vesting conditions of a previously granted stock option award by replacing pre-tax earnings targets with Adjusted EBITDA target, which is a performance measure used in other employee bonus agreements. All other material terms of the original agreement remain unchanged. The Company will account for the modification and record stock-based compensation expense during the three months ended September 30, 2025.

Avenue Facility Extinguishment

On August 5, 2025, the Company paid the remaining $14.0 million in outstanding principal payments on the Avenue Facility and the prepayment penalty as noted in the Avenue Credit Agreement. As of August 5, 2025, there are no remaining principal payments on the Avenue Facility. The Company will account for the extinguishment during the three months ended September 30, 2025.

LifeMD, Inc. 10-Q