LGMKD · As filed with the SEC
LogicMark income statement, by fiscal year
The statement as LogicMark presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
Statements of Operations · USD, except per-share amounts
| USD, except per-share amounts | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2021 | FY2020 Year ended Dec 31, 2020 | FY2019 Year ended Dec 31, 2019 | FY2018 Year ended Dec 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenues | 11,425,463 | 9,901,987 | 9,929,629 | 11,916,482 | 10,022,115 | 11,442,803 | 17,137,301 | 17,116,511 |
| Costs of goods sold | — | — | 3,269,967 | — | — | 3,242,074 | 4,368,495 | 4,803,791 |
| Costs of goods sold | 3,794,862 | 3,285,994 | — | 4,685,639 | 4,341,611 | — | — | — |
| Gross Profit | 7,630,601 | 6,615,993 | 6,659,662 | 7,230,843 | 5,680,504 | 8,200,729 | 12,768,806 | 12,312,720 |
| Operating Expenses | ||||||||
| Direct operating cost | — | — | — | 1,455,450 | — | — | — | — |
| Direct operating cost | 1,420,813 | 1,338,758 | 1,142,596 | — | — | — | — | — |
| Advertising cost | — | 557,783 | 270,709 | — | — | — | — | — |
| Selling and marketing | — | 2,277,698 | 2,206,091 | 1,200,300 | 1,238,195 | 2,396,922 | 3,279,317 | 4,110,616 |
| Advertising cost | 403,494 | — | — | — | — | — | — | — |
| Selling and marketing | 3,020,660 | — | — | — | — | — | — | — |
| Research and development | 617,369 | 558,621 | 982,684 | 1,241,265 | 765,659 | 1,108,934 | 1,208,536 | 761,722 |
| Goodwill impairment | — | — | — | — | 4,521,000 | — | — | — |
| General and administrative | 7,857,086 | 7,626,124 | 8,478,947 | 9,037,794 | 6,703,106 | 5,280,951 | 5,703,162 | 6,852,893 |
| Other expense | 169,992 | 317,313 | 147,506 | — | — | — | — | — |
| Goodwill impairment | — | — | 7,815,000 | — | — | — | — | — |
| Depreciation and amortization | 2,040,479 | 1,610,427 | 944,596 | 828,137 | — | — | — | — |
| Total Operating Expenses | 15,529,893 | 14,286,724 | 21,988,129 | 14,137,335 | 13,227,960 | 8,786,807 | 10,191,015 | 11,725,231 |
| Operating Loss | (7,899,292) | (7,670,731) | (15,328,467) | (6,906,492) | (7,547,456) | (586,078) | 2,577,791 | 587,489 |
| Interest expense | — | — | — | — | (1,423,611) | (2,254,020) | (3,020,012) | (2,967,211) |
| Change in fair value of contingent consideration | — | — | — | — | — | — | 85,111 | 1,498,922 |
| Loss on extinguishment of debt | — | — | — | — | — | — | (2,343,879) | (68,213) |
| Loss on extinguishment of debt | — | — | — | — | — | — | — | (345,280) |
| Other Income | ||||||||
| Interest income | 397,658 | 160,664 | 221,871 | — | — | — | — | — |
| Other income | — | — | 246,138 | — | — | — | — | — |
| Total Other Income | — | — | 468,009 | 374,389 | — | — | — | — |
| Other income (expense), net | 49,060 | (1,483,732) | — | 119,483 | (3,956,164) | (2,254,020) | (5,278,780) | (1,881,782) |
| Forgiveness of Paycheck Protection Program loan and accrued interest | — | — | — | — | 349,176 | — | — | — |
| Warrant modification expense | — | — | — | — | (2,881,729) | — | — | — |
| Total Other Income (Expense), Net | 446,718 | (1,323,068) | — | 119,483 | — | — | — | — |
| Loss before Income Taxes | (7,452,574) | (8,993,799) | (14,860,458) | (6,787,009) | (11,503,620) | (2,840,098) | (2,700,989) | (1,294,293) |
| Income tax (benefit) expense | — | — | (309,849) | — | — | — | — | — |
| Income tax expense | 14,853 | 9,946 | — | (137,956) | (204,269) | (24,886) | 332,571 | (34,323) |
| Loss from Continuing Operations | — | — | — | — | — | (2,864,984) | (2,368,418) | (1,328,616) |
| Loss from Discontinued Operations | — | — | — | — | — | — | (3,432,270) | — |
| Loss on sale of Discontinued Operations | — | — | — | — | — | — | (5,988,767) | — |
| Loss from Discontinued Operations | — | — | — | — | — | — | (9,421,037) | (5,761,346) |
| Net Loss | — | — | — | (6,924,965) | — | — | — | — |
| Net Loss | (7,467,427) | (9,003,745) | (14,550,609) | — | (11,707,889) | (2,864,984) | (11,789,455) | (7,089,962) |
| Preferred stock dividends | — | (300,000) | (930,122) | — | — | — | — | — |
| Preferred stock dividends | (300,000) | — | (300,000) | (328,456) | (2,341,391) | (858,922) | (150,000) | (100,000) |
| Net Loss Attributable to Common and Participating Preferred Stockholders | (7,767,427) | (9,303,745) | (15,780,731) | (7,253,421) | (14,049,280) | (3,723,906) | (11,939,455) | (7,189,962) |
| Loss Per Share from Continuing Operations – Basic and Diluted (in Dollars per share) | — | — | — | — | — | (0.11) | (0.09) | (0.06) |
| Loss Per Share from Discontinued Operations – Basic and Diluted (in Dollars per share) | — | — | — | — | — | — | (0.33) | (0.23) |
| Net Loss Per Share - Basic and Diluted (in Dollars per share) | — | — | — | — | — | (0.11) | (0.42) | (0.29) |
| Weighted Average Number of Common Shares Outstanding - Basic and Diluted (in Shares) | — | — | — | — | — | 32,589,539 | 28,717,499 | 24,561,791 |
| Net Loss Attributable to Common and Participating Preferred Stockholders Per Share - Basic (in Dollars per share) | (13.06) | (14.65) | (11.66) | (0.76) | (2.23) | — | — | — |
| Net Loss Attributable to Common and Participating Preferred Stockholders Per Share - Diluted (in Dollars per share) | (13.06) | (14.65) | — | — | — | — | — | — |
| Weighted Average Number of Common Shares Outstanding - Basic (in Shares) | 594,946 | 634,970 | 1,353,333 | 9,574,090 | 6,307,907 | — | — | — |
| Weighted Average Number of Common Shares Outstanding - Diluted (in Shares) | 594,946 | 634,970 | — | — | — | — | — | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.