Financial Information

Balance Sheet

v3.19.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Current Assets    
Cash $ 180,093 $ 141,379
Trade accounts receivable, net 99,053 128,190
Other receivables
Product deposit 33,302 16,500
Inventory, net 1,022,616 681,258
Other current assets 270,006
Assets held for sale 296,483
Total Current Assets 1,605,070 1,263,810
Non-current assets    
Intangible assets, net 1,011,065
Total non-current assets 1,011,065
Total Assets 2,616,135 1,263,810
Current Liabilities    
Accounts payable and accrued expenses 868,997 422,347
Notes payable, net 247,416 167,479
Deferred revenue 75,984
Liabilities held for sale 51,733
Total Current Liabilities 1,192,397 640,971
Long-term Liabilities    
Contingent consideration on purchase of Legalsimpli 600,000
Deferred tax liability 4,000
Total Liabilities 1,796,397 640,971
Stockholders' Equity (Deficit)    
Common stock, $0.01 par value; 100,000,000 shares authorized, 45,782,305 and 44,493,063 shares issued, 45,267,105 and 43,977,863 outstanding as of December 31, 2018 and 2017, respectively 457,822 444,930
Additional paid-in capital 12,744,249 11,500,537
Accumulated (deficit) (12,140,670) (10,899,843)
Equity 1,061,401 1,045,624
Treasury stock, 515,200 and 515,200 shares, at cost (163,701) (163,701)
Total Conversion Labs, Inc. Stockholders' (Deficit) 897,700 881,923
Non-controlling interest (77,962) (259,084)
Total Stockholders' (Deficit) 819,738 622,839
Total Liabilities and Stockholders' (Deficit) $ 2,616,135 $ 1,263,810

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