Conversion Labs, Inc. (CVLB) financial statements (2021 and earlier)

Company profile

Business Address 800 THIRD AVENUE, SUITE 2800
NEW YORK, NY 10022
State of Incorp. DE
Fiscal Year End December 31
SIC 8011 - Offices and Clinics of Doctors of Medicine (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9100000
Cash and cash equivalents9100000
Receivables1000000
Inventory, net of allowances, customer advances and progress billings1111000
Inventory1111000
Deposits current assets1      
Other current assets000    
Other undisclosed current assets 000   
Total current assets:12321100
Noncurrent Assets
Operating lease, right-of-use asset00
Property, plant and equipment      0
Intangible assets, net (including goodwill)011    
Intangible assets, net (excluding goodwill)011    
Other undisclosed noncurrent assets0      
Total noncurrent assets:111   0
TOTAL ASSETS:13331100
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:12310100
Other undisclosed accounts payable and accrued liabilities12310100
Deferred revenue 0
Debt1100000
Derivative instruments and hedges, liabilities    0  
Due to related parties   0   
Other undisclosed current liabilities1 0 0  
Total current liabilities:13411100
Noncurrent Liabilities
Long-term debt and lease obligation  0    
Long-term debt, excluding current maturities  0    
Liabilities, other than long-term debt  0   0
Deferred tax liabilities, net0   0
Other undisclosed noncurrent liabilities010    
Total noncurrent liabilities:011   0
Total liabilities:14521100
Commitments and contingencies 11    
Temporary equity, carrying amount4(1)(1)    
Stockholders' equity
Stockholders' equity attributable to parent, including:(2)(1)11(0)0(0)
Common stock0100000
Treasury stock, value(0)(0)(0)(0)(0)  
Additional paid in capital78151312988
Deferred compensation equity    (0)  
Accumulated deficit(80)(17)(12)(11)(10)(9)(9)
Other undisclosed stockholders' equity attributable to parent    0  
Stockholders' equity attributable to noncontrolling interest(2)(0)(0)(0)(0)0100
Other undisclosed stockholders' equity      (100)
Total stockholders' equity:(4)(1)11(0)0(0)
TOTAL LIABILITIES AND EQUITY:13331100

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues371285511
Revenue, net55(0) 
Cost of revenue(9)(3)(2)(1)(2)(0)(0)
Cost of goods and services sold      0
Gross profit:28964311
Operating expenses(86)(12)(8)(5)(4)(1)(0)
Other undisclosed operating loss     (1)(1)
Operating loss:(58)(3)(2)(1)(1)(0)(1)
Nonoperating expense(3)  (0)(0)  
Other nonoperating expense   (0)(0)  
Interest and debt expense(1)(1)(0)(1)(0)(0)(0)
Other undisclosed income from continuing operations before equity method investments, income taxes  1    
Loss from continuing operations before equity method investments, income taxes:(61)(4)(1)(2)(1)(0)(1)
Other undisclosed income from continuing operations before income taxes1   000
Loss from continuing operations before income taxes:(60)(4)(1)(2)(1)(0)(0)
Income tax expense (benefit)(0)00  00
Loss from continuing operations:(61)(4)(1)(2)(1)(0)(0)
Income from discontinued operations  1    
Loss before gain (loss) on sale of properties:(61)(4)(0)(2)(1)(0)(0)
Other undisclosed net income (loss)  (1)1   
Net loss:(61)(4)(1)(1)(1)(0)(0)
Net income attributable to noncontrolling interest200000 
Net loss attributable to parent:(59)(3)(1)(1)(1)(0)(0)
Preferred stock dividends and other adjustments(5)      
Net loss available to common stockholders, diluted:(63)(3)(1)(1)(1)(0)(0)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(61)(4)(1)(1)(1)(0)(0)
Comprehensive loss:(61)(4)(1)(1)(1)(0)(0)
Comprehensive income, net of tax, attributable to noncontrolling interest200000 
Comprehensive loss, net of tax, attributable to parent:(59)(3)(1)(1)(1)(0)(0)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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