Financial Information

Balance Sheet

v3.19.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Current Assets    
Cash $ 242,259 $ 180,093
Trade accounts receivable, net 433,203 99,053
Product deposit 33,302
Inventory, net 877,146 1,022,616
Other current assets 118,678 270,006
Total Current Assets 1,671,286 1,605,070
Non-current assets    
ROU Asset 28,470
Intangible assets, net 927,162 1,011,065
Total non-current assets 955,632 1,011,065
Total Assets 2,626,918 2,616,135
Current Liabilities    
Accounts payable and accrued expenses 1,616,426 868,997
Notes payable, net 429,012 247,416
Deferred revenue 228,734 75,984
Total Current Liabilities 2,274,172 1,192,397
Long-term Liabilities    
Lease Liability 30,269
Contingent consideration on purchase of LegalSimpli 100,000 600,000
Deferred tax liability 4,000
Total Liabilities 2,404,441 1,796,397
Stockholders' Equity    
Common stock, $0.01 par value; 100,000,000 shares authorized, 46,882,305 and 45,267,105 shares issued, 46,367,105 and 45,267,105 outstanding as of March 31, 2019 and December 31, 2018, respectively 468,822 457,822
Additional paid-in capital 12,903,849 12,744,249
Accumulated (deficit) (12,804,417) (12,140,670)
Equity 568,254 1,061,401
Treasury stock, 515,200 and 515,200 shares, at cost (163,701) (163,701)
Total Conversion Labs, Inc. Stockholders' Equity 404,553 897,700
Non-controlling interest (182,076) (77,962)
Total Stockholders' Equity 222,477 819,738
Total Liabilities and Stockholders' Equity $ 2,626,918 $ 2,616,135

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