| SCHEDULE OF FINANCIAL RESULTS OF DISCONTINUED OPERATIONS |
The
following table presents the financial results of the discontinued operations prior to the sale of WorkSimpli:
SCHEDULE
OF FINANCIAL RESULTS OF DISCONTINUED OPERATIONS
| | |
Three
Months Ended June
30, 2025 | | |
Six
Months Ended June
30, 2025 | |
| Worksimpli revenue, net | |
$ | 13,654,513 | | |
$ | 26,895,788 | |
| Cost of WorkSimpli revenue | |
| 592,201 | | |
| 1,099,456 | |
| Gross profit | |
| 13,062,312 | | |
| 25,796,332 | |
| Expenses | |
| | | |
| | |
| Selling and marketing expenses | |
| 6,973,983 | | |
| 13,895,122 | |
| General and administrative
expenses | |
| 3,126,047 | | |
| 5,841,562 | |
| Other operating expenses | |
| 145,747 | | |
| 270,969 | |
| Development
costs | |
| 921,211 | | |
| 1,737,296 | |
| Total expenses | |
| 11,166,988 | | |
| 21,744,949 | |
| Operating income from discontinued operations | |
| 1,895,324 | | |
| 4,051,383 | |
| Interest expense | |
| (2,240 | ) | |
| (164,877 | ) |
| Net income from discontinued operations | |
| 1,893,084 | | |
| 3,886,506 | |
| Net income attributable
to non-controlling interest of discontinued operations | |
| 505,075 | | |
| 1,036,920 | |
| Net income from discontinued
operations attributable to LifeMD, Inc. | |
$ | 1,388,009 | | |
$ | 2,849,586 | |
|