LOGIQ, INC. (LGIQ) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
85 BROAD STREET, 16-079 NEW YORK, NY 10004 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7389 - Business Services, Not Elsewhere Classified (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 17 | 393 | 489 | 751 | 472 | 368 | |||
| Cash and cash equivalents | 17 | 393 | 489 | 751 | 472 | 368 | |||
| Restricted cash and investments | 20 | ||||||||
| Receivables | 482 | 482 | 484 | 597 | |||||
| Prepaid expense | 152 | 84 | 102 | 90 | 42 | 232 | |||
| Other undisclosed current assets | 595 | 1,017 | 461 | 1,888 | 3,481 | ||||
| Total current assets: | 651 | 1,555 | 2,093 | 1,899 | 2,402 | 4,101 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 53 | 63 | 74 | 85 | 115 | ||||
| Intangible assets, net (including goodwill) | 11,200 | 11,879 | 12,289 | 12,697 | 17,331 | ||||
| Goodwill | 5,578 | 5,578 | 5,578 | 5,578 | 5,578 | ||||
| Intangible assets, net (excluding goodwill) | 5,622 | 6,301 | 6,711 | 7,119 | 11,753 | ||||
| Total noncurrent assets: | 11,253 | 11,942 | 12,363 | 12,782 | 17,446 | ||||
| TOTAL ASSETS: | 651 | 12,808 | 14,035 | 14,263 | 15,184 | 21,547 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,042 | 5,498 | 5,399 | 4,887 | 7,243 | 7,073 | |||
| Accounts payable | 992 | 2,944 | 3,145 | 2,893 | 5,073 | 3,783 | |||
| Accrued liabilities | 50 | 2,554 | 2,255 | 1,994 | 2,170 | 3,291 | |||
| Deferred revenue | 1 | ||||||||
| Other undisclosed current liabilities | 4 | 277 | 240 | ||||||
| Total current liabilities: | 1,042 | 5,498 | 5,399 | 4,891 | 7,520 | 7,315 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 10 | 10 | 10 | 10 | 10 | 10 | |||
| Long-term debt, excluding current maturities | 10 | 10 | 10 | 10 | 10 | 10 | |||
| Total noncurrent liabilities: | 10 | 10 | 10 | 10 | 10 | 10 | |||
| Total liabilities: | 1,052 | 5,508 | 5,409 | 4,901 | 7,530 | 7,325 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (401) | 7,300 | 8,626 | 9,362 | 7,654 | 14,222 | |||
| Common stock | 14 | 13 | 10 | 7 | 6 | 4 | |||
| Additional paid in capital | 109,364 | 110,405 | 108,204 | 105,894 | 94,829 | 89,593 | |||
| Accumulated deficit | (131,809) | (131,661) | (127,727) | (143,862) | (111,713) | (100,386) | |||
| Other undisclosed equity, attributable to parent | 22,030 | 28,544 | 28,139 | 47,322 | 24,532 | 25,012 | |||
| Total equity: | (401) | 7,300 | 8,626 | 9,362 | 7,654 | 14,222 | |||
| TOTAL LIABILITIES AND EQUITY: | 651 | 12,808 | 14,035 | 14,263 | 15,184 | 21,547 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 3,266 | 4,861 | 3,538 | 8,556 | 4,100 | |||
| Cost of revenue | (3,208) | (4,331) | (3,252) | (7,953) | (2,792) | |||
| Other undisclosed gross profit | 10,791 | |||||||
| Gross profit: | 10,791 | 58 | 530 | 285 | 603 | 1,308 | ||
| Operating expenses | 4,279 | (3,946) | (4,049) | (12,694) | (11,924) | (9,003) | ||
| Other undisclosed operating loss | (11,664) | |||||||
| Operating income (loss): | 3,406 | (3,888) | (3,519) | (12,409) | (11,321) | (7,695) | ||
| Nonoperating income (expense) | 737 | (46) | (46) | (40) | (6) | 0 | ||
| Income (loss) from continuing operations: | 4,143 | (3,934) | (3,565) | (12,449) | (11,327) | (7,695) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | (7,695) | |
| Other undisclosed net loss | (4,291) | |||||||
| Net loss available to common stockholders, diluted: | (148) | (3,934) | (3,565) | (12,449) | (11,327) | (7,695) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (148) | (3,934) | (3,565) | (12,449) | (11,327) | (7,695) | ||
| Comprehensive loss, net of tax, attributable to parent: | (148) | (3,934) | (3,565) | (12,449) | (11,327) | (7,695) | ||
Statements Sources
The financial statements are based on the Company's filings with 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.