| 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 September 30, 2025 | | |
Nine Months Ended September 30, 2025 | |
| Worksimpli revenue, net | |
$ | 12,892,537 | | |
$ | 39,788,325 | |
| Cost of WorkSimpli revenue | |
| 693,678 | | |
| 1,793,133 | |
| Gross profit | |
| 12,198,859 | | |
| 37,995,192 | |
| Expenses | |
| | | |
| | |
| Selling and marketing expenses | |
| 6,910,496 | | |
| 20,805,618 | |
| General and administrative expenses | |
| 2,972,915 | | |
| 8,814,478 | |
| Other operating expenses | |
| 239,122 | | |
| 510,091 | |
| Development costs | |
| 1,002,167 | | |
| 2,739,463 | |
| Total expenses | |
| 11,124,700 | | |
| 32,869,650 | |
| Operating income from discontinued operations | |
| 1,074,159 | | |
| 5,125,542 | |
| Interest expense | |
| (1,835 | ) | |
| (166,712 | ) |
| Provision for income taxes | |
| (137,311 | ) | |
| (137,311 | ) |
| Net income from discontinued operations | |
| 935,013 | | |
| 4,821,519 | |
| Net income attributable to non-controlling interest of discontinued operations | |
| 249,462 | | |
| 1,286,382 | |
| Net income from discontinued operations attributable to LifeMD, Inc. | |
$ | 685,551 | | |
$ | 3,535,137 | |
|