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
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,9605,0476,3986,6837,6509,782
Cash and cash equivalents2,9605,0476,3986,6837,6509,782
Receivables122601412  
Inventory, net of allowances, customer advances and progress billings6798871,1771,1369871,134
Inventory6798871,1771,1369871,134
Prepaid expense400300    
Other undisclosed current assets374288460741677403
Total current assets:4,4246,7828,0498,5729,31411,319
Noncurrent Assets
Operating lease, right-of-use asset8298114129146165
Property, plant and equipment162187203229253253
Intangible assets, net (including goodwill)5,7015,8916,08214,08714,27814,468
Goodwill3,1443,1443,14410,95910,95910,959
Intangible assets, net (excluding goodwill)2,5572,7482,9383,1293,3193,509
Deferred costs      400
Other undisclosed noncurrent assets3,0062,7812,5692,1361,648854
Total noncurrent assets:8,9518,9588,96816,58016,32516,139
TOTAL ASSETS:13,37515,74017,01725,15225,63927,459
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,5652,2282,053781447521
Accounts payable797760902716447521
Accrued liabilities7681,4671,15166  
Deferred revenue25     
Other undisclosed current liabilities    1,145848751
Total current liabilities:1,5902,2282,0531,9271,2941,272
Noncurrent Liabilities
Liabilities, other than long-term debt, including: 133352390408424
Accounts payable and accrued liabilities   68   
Other liabilities 13 52   
Other undisclosed liabilities, other than long-term debt  33(68)390408424
Total noncurrent liabilities: 133352390408424
Total liabilities:1,6032,2612,1052,3171,7021,696
Temporary equity, carrying amount  1,8071,8071,807  
Equity
Equity, attributable to parent, including:9,96411,67213,10521,02822,12923,955
Common stock000000
Additional paid in capital113,590113,258112,947111,865111,522111,080
Accumulated deficit(103,944)(101,905)(100,161)(91,156)(89,712)(87,444)
Other undisclosed equity, attributable to parent319319319319319319
Other undisclosed equity1,807   1,8071,807
Total equity:11,77211,67213,10521,02823,93725,762
TOTAL LIABILITIES AND EQUITY:13,37515,74017,01725,15225,63927,459

Income Statement (P&L) ($ in thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Revenues2,3362,6112,4262,3672,3272,810
Cost of revenue(781)(844)(826)(770)(727)(947)
Cost of goods and services sold(100)(200)(200)(200)(727)(947)
Gross profit:1,5551,7671,6001,5971,6001,863
Operating expenses(3,626)(3,573)(10,987)(3,377)(3,876)(3,748)
Other operating expense, net
(Other Expenses)
  (84)(14)(54)  
Other undisclosed operating income  841454  
Operating loss:(2,071)(1,806)(9,387)(1,780)(2,276)(1,886)
Nonoperating income32617289 52
Investment income, nonoperating  617289  
Other nonoperating income32     
Loss from continuing operations before equity method investments, income taxes:(2,039)(1,745)(9,315)(1,691)(2,276)(1,833)
Other undisclosed income from continuing operations before income taxes    2469 
Net loss:(2,039)(1,745)(9,315)(1,444)(2,268)(1,833)
Other undisclosed net income attributable to parent   310   
Net loss attributable to parent:(2,039)(1,745)(9,005)(1,444)(2,268)(1,833)
Preferred stock dividends and other adjustments(75)(75)(1,005)(75)(75)(75)
Net loss available to common stockholders, diluted:(2,114)(1,820)(10,010)(1,519)(2,343)(1,908)

Comprehensive Income ($ in thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Net loss:(2,039)(1,745)(9,315)(1,444)(2,268)(1,833)
Comprehensive loss, net of tax, attributable to parent:(2,039)(1,745)(9,315)(1,444)(2,268)(1,833)

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.

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