LogicMark Inc. (LGMK) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
2801 DIODE LANE LOUISVILLE, KY 40299 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3842 - Orthopedic, Prosthetic, and Surgical Appliances and Supplies (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 6,398 | 6,977 | 12,044 | 4,387 | 1,587 | 1,615 | |||
| Cash and cash equivalents | 6,398 | 6,977 | 12,044 | 4,387 | 1,587 | 1,615 | |||
| Receivables | 14 | ||||||||
| Inventory, net of allowances, customer advances and progress billings | 1,177 | 1,745 | 1,237 | 767 | 1,303 | 871 | |||
| Inventory | 1,177 | 1,745 | 1,237 | 767 | 1,303 | 871 | |||
| Prepaid expense | |||||||||
| Advances on inventory purchases | 10 | 332 | 201 | 317 | |||||
| Disposal group, including discontinued operation | 222 | ||||||||
| Other undisclosed current assets | 460 | 802 | 1,158 | 407 | 273 | 373 | |||
| Total current assets: | 8,049 | 9,534 | 14,440 | 5,894 | 3,365 | 3,398 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 114 | 182 | 248 | 307 | 109 | ✕ | |||
| Property, plant and equipment | 203 | 256 | 29 | 95 | 145 | ||||
| Intangible assets, net (including goodwill) | 6,082 | 14,659 | 15,435 | 20,718 | 21,480 | 22,242 | |||
| Goodwill | 3,144 | 10,959 | 10,959 | 15,480 | 15,480 | 15,480 | |||
| Intangible assets, net (excluding goodwill) | 2,938 | 3,700 | 4,477 | 5,238 | 6,000 | 6,762 | |||
| Disposal group, including discontinued operation, noncurrent assets | 12,271 | ||||||||
| Other undisclosed noncurrent assets | 2,569 | 1,011 | |||||||
| Total noncurrent assets: | 8,968 | 16,107 | 15,684 | 21,054 | 21,684 | 34,658 | |||
| TOTAL ASSETS: | 17,017 | 25,641 | 30,123 | 26,948 | 25,048 | 38,056 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 2,053 | 673 | 1,342 | 4,064 | 3,611 | 2,961 | |||
| Accounts payable | 902 | 673 | 492 | 2,749 | 2,118 | 1,259 | |||
| Accrued liabilities | 1,151 | 849 | 1,315 | 1,492 | 1,702 | ||||
| Deferred revenue | ✕ | ||||||||
| Debt | 1,265 | ||||||||
| Disposal group, including discontinued operation | 346 | 365 | |||||||
| Other liabilities | 553 | ||||||||
| Other undisclosed current liabilities | 1,740 | 2,063 | 2,063 | ||||||
| Total current liabilities: | 2,053 | 2,414 | 1,342 | 6,473 | 5,673 | 5,144 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 254 | (41) | |||||||
| Long-term debt, excluding current maturities | 254 | (41) | |||||||
| Liabilities, other than long-term debt, including: | 52 | 440 | 385 | 1,326 | 1,114 | 365 | |||
| Accounts payable and accrued liabilities | 68 | ||||||||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 365 | ||
| Other liabilities | 52 | 1,326 | 1,114 | ||||||
| Other undisclosed liabilities, other than long-term debt | (68) | 440 | 385 | ||||||
| Other undisclosed noncurrent liabilities | 7,928 | 9,781 | 16,002 | ||||||
| Total noncurrent liabilities: | 52 | 440 | 385 | 9,509 | 10,853 | 16,367 | |||
| Total liabilities: | 2,105 | 2,854 | 1,727 | 15,982 | 16,526 | 21,512 | |||
| Temporary equity, carrying amount | 1,807 | 1,807 | 1,807 | 1,807 | |||||
| Equity | |||||||||
| Equity, attributable to parent, including: | 13,105 | 20,980 | 26,589 | 9,159 | 6,715 | 14,737 | |||
| Common stock | 0 | 1 | 1 | 4 | 3 | 3 | |||
| Additional paid in capital | 112,947 | 106,069 | 104,725 | 74,583 | 68,516 | 64,749 | |||
| Accumulated deficit | (100,161) | (85,610) | (78,657) | (65,428) | (61,804) | (50,015) | |||
| Other undisclosed equity, attributable to parent | 319 | 520 | 520 | ||||||
| Other undisclosed equity | 1,807 | 1,807 | |||||||
| Total equity: | 13,105 | 22,787 | 28,396 | 9,159 | 6,715 | 14,737 | |||
| TOTAL LIABILITIES AND EQUITY: | 17,017 | 25,641 | 30,123 | 26,948 | 25,048 | 38,056 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 9,930 | 11,916 | 10,022 | 11,443 | 17,137 | 17,117 | ||
| Cost of revenue | (3,270) | (4,686) | (4,342) | (3,242) | (4,368) | (4,804) | ||
| Cost of goods and services sold | (800) | (4,686) | (4,342) | |||||
| Gross profit: | 6,660 | 7,231 | 5,681 | 8,201 | 12,769 | 12,313 | ||
| Operating expenses | (21,988) | (14,137) | (13,228) | (8,787) | (10,191) | (11,725) | ||
| Other operating expense, net (Other Expenses) | (148) | |||||||
| Other undisclosed operating income | 148 | |||||||
| Operating income (loss): | (15,328) | (6,906) | (7,547) | (586) | 2,578 | 587 | ||
| Nonoperating income (expense) | 222 | 119 | (3,956) | (2,254) | (5,279) | (1,882) | ||
| Investment income, nonoperating | 222 | |||||||
| Other nonoperating income (expense) | 119 | (3,956) | (2,254) | (5,279) | (1,882) | |||
| Interest and debt expense | (1,424) | (2,254) | (2,344) | (68) | ||||
| Loss from continuing operations before equity method investments, income taxes: | (15,107) | (6,787) | (12,927) | (5,094) | (5,045) | (1,363) | ||
| Other undisclosed income from continuing operations before income taxes | 246 | 1,424 | 2,254 | 2,344 | 68 | |||
| Loss from continuing operations before income taxes: | (14,860) | (6,787) | (11,504) | (2,840) | (2,701) | (1,294) | ||
| Income tax expense (benefit) | (138) | (204) | (25) | 333 | (34) | |||
| Loss from continuing operations: | (14,860) | (6,925) | (11,708) | (2,865) | (2,368) | (1,329) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (11,708) | (2,865) | (5,801) | (7,090) | |
| Loss from discontinued operations | (3,432) | (5,761) | ||||||
| Net loss: | (14,860) | (6,925) | (11,708) | (2,865) | (5,801) | (7,090) | ||
| Other undisclosed net income (loss) attributable to parent | 310 | (5,989) | ||||||
| Net loss attributable to parent: | (14,551) | (6,925) | (11,708) | (2,865) | (11,789) | (7,090) | ||
| Preferred stock dividends and other adjustments | (1,230) | (328) | (2,341) | (859) | (150) | (100) | ||
| Net loss available to common stockholders, diluted: | (15,781) | (7,253) | (14,049) | (3,724) | (11,939) | (7,190) | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (14,860) | (6,925) | (11,708) | (2,865) | (5,801) | (7,090) | ||
| Comprehensive loss, net of tax, attributable to parent: | (14,860) | (6,925) | (11,708) | (2,865) | (5,801) | (7,090) | ||
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.