LifeMD
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has LifeMD's balance sheet done over the years? Its assets were worth $58,480,709 last year, which is more than in the previous period. 90% of LifeMD’s total assets is currently financed by debt. Its liabilities reached the amount of $52,914,550, which means an increase by 60% compared compared to last year.
Debt to Assets
| 2014 | 175221 | 314.71K | 179.61% |
|---|---|---|---|
| 2015 | 448471 | 267.48K | 59.64% |
| 2016 | 789824 | 1.15M | 145.8% |
| 2017 | 1263810 | 640.97K | 50.72% |
| 2018 | 2616135 | 1.79M | 68.67% |
| 2019 | 3446179 | 4.57M | 132.77% |
| 2020 | 13053655 | 13.87M | 106.3% |
| 2021 | 49923243 | 24.10M | 48.28% |
| 2022 | 25665853 | 32.97M | 128.46% |
| 2023 | 58480709 | 52.91M | 90.48% |
LFMDP Balance Sheet (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Assets | ||||||||||
Current assets: | ||||||||||
Cash and cash equivalents | 33.14M | 3.95M | 41.32M | 9.17M | 1.10M | 180.09K | 141.37K | 182.56K | 232.98K | 75.49K |
Short term investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Net receivables | 5.27M | 2.83M | 980.05K | 648.42K | 97.44K | 99.05K | 128.19K | 446.99K | 154.43K | 14.97K |
Inventory | 2.75M | 3.70M | 1.61M | 1.26M | 950.05K | 1.02M | 707.16K | 160.27K | 61.05K | 41.00K |
Other current assets | 1.90M | 687.02K | 793.19K | 154.87K | 442.97K | 270.00K | 312.98K | 2.25K | 0 | 0 |
Total current assets | 42.60M | 11.31M | 44.92M | 12.06M | 2.74M | 1.60M | 1.26M | 789.82K | 448.47K | 131.47K |
Non-current assets: | ||||||||||
Property, Plant and Equipment | 1.07M | 1.68M | 1.98M | 274.43K | 23.62K | 0 | 0 | 0 | 0 | 43.74K |
Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible assets | 14.80M | 12.67M | 3.01M | 715.82K | 675.45K | 1.01M | 0 | 0 | 0 | 0 |
Long term investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current assets | 0 | -14.35M | -5.00M | -990.26K | -699.07K | 0 | 0 | 0 | 0 | 0 |
Total non-current assets | 15.87M | 14.35M | 5.00M | 990.26K | 699.07K | 1.01M | 0 | 0 | 0 | 43.74K |
Total assets | 58.48M | 25.66M | 49.92M | 13.05M | 3.44M | 2.61M | 1.26M | 789.82K | 448.47K | 175.22K |
Liabilities | ||||||||||
| Current liabilities: | ||||||||||
Accounts payable | ||||||||||
Deferred revenue | 8.82M | 5.54M | 1.49M | 916.88K | 109.55K | 75.98K | -473.49K | 0 | -167.48K | -274.31K |
Short term debt | 1.53M | 3.55M | 670.89K | 779.13K | 814.73K | 247.41K | 167.47K | 206.36K | 100K | 27.2K |
Total current liabilities | 34.78M | 31.37M | 22.82M | 13.49M | 3.97M | 1.19M | 640.97K | 1.15M | 267.48K | 301.51K |
| Non-current liabilities: | ||||||||||
Long term debt | 18.00M | 574.13K | 1.17M | 285.32K | 29.97K | 0 | 0 | 0 | 0 | 0 |
Deferred tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 131.25K | 1.02M | 100K | 100K | 500K | 600K | 0 | 0 | 0 | 0 |
Total non-current liabilities | 18.13M | 1.59M | 1.27M | 385.32K | 599.97K | 604K | 0 | 0 | 0 | 13.2K |
Total liabilities | 52.91M | 32.97M | 24.10M | 13.87M | 4.57M | 1.79M | 640.97K | 1.15M | 267.48K | 314.71K |
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