Financial Information

Balance Sheet

v3.19.3
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Current Assets    
Cash $ 780,893 $ 180,093
Trade accounts receivable, net 65,254 99,053
Product deposit 51,813 33,302
Inventory, net 747,525 1,022,616
Other current assets 115,949 270,006
Total Current Assets 1,761,434 1,605,070
Non-current assets    
ROU Asset 25,442
Intangible assets, net 759,356 1,011,065
Total non-current assets 784,798 1,011,065
Total Assets 2,546,232 2,616,135
Current Liabilities    
Accounts payable and accrued expenses 2,027,290 868,997
Notes payable, net 722,647 247,416
Deferred revenue 234,239 75,984
Total Current Liabilities 2,984,176 1,192,397
Long-term Liabilities    
Lease Liability 29,978
Contingent consideration on purchase of LegalSimpli 100,000 600,000
Liability to issue shares
Deferred tax liability 4,000
Total Liabilities 3,114,154 1,796,397
Stockholders' Equity (Deficit)    
Common stock, $0.01 par value; 100,000,000 shares authorized, 53,403,649 and 45,267,105 shares issued, 52,888,449 and 45,267,105 outstanding as of September 30, 2019 and December 31, 2018, respectively 534,037 457,822
Additional paid-in capital 15,043,196 12,744,249
Accumulated (deficit) (15,883,372) (12,140,670)
Equity (306,139) 1,061,401
Treasury stock, 515,200 and 515,200 shares, at cost (163,701) (163,701)
Total Conversion Labs, Inc. Stockholders' (Deficit) (469,840) 897,700
Non-controlling interest (98,082) (77,962)
Total Stockholders' (Deficit) (567,922) 819,738
Total Liabilities and Stockholders' (Deficit) $ 2,546,232 $ 2,616,135

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