LGMKD · As filed with the SEC

LogicMark balance sheet, 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.

Balance Sheets · USD

USD	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018
Assets
Current Assets
Cash and cash equivalents	—	3,806,915	—	—	—	—	—	—
Cash and cash equivalents	3,567,487	—	6,398,164	6,977,114	12,044,415	4,387,416	1,587,250	1,614,641
Restricted cash	—	—	—	—	210,131	150,130	150,130	1,189,452
Restricted cash	—	—	—	59,988	—	—	—	—
Accounts receivable, net	—	—	—	402,595	98,749	133,719	38,526	247,023
Investments	5,943,218	—	—	—	—	—	—	—
Accounts receivable, net	5,812	4,355	13,647	—	—	—	—	—
Inventory	1,400,305	1,048,963	1,177,456	1,745,211	1,237,280	767,351	1,303,279	870,513
Prepaid expenses and other current assets	681,265	476,672	460,177	349,097	849,190	455,553	285,495	443,324
Assets associated with discontinued operations	—	—	—	—	—	—	—	222,227
Total Current Assets	11,598,087	5,336,905	8,049,444	9,534,005	14,439,765	5,894,169	3,364,680	3,397,728
Equipment	—	—	—	416,889	410,444	183,044	183,044	183,044
Furniture and fixtures	—	—	—	35,761	35,761	98,839	98,839	89,029
Website and other	—	—	—	285,448	9,427	644,462	644,462	630,481
Property and equipment, gross	—	—	—	738,098	455,632	926,345	926,345	902,554
Accumulated depreciation	—	—	—	(482,520)	(455,632)	(897,137)	(831,290)	(757,198)
Property and equipment, net	113,929	112,605	203,333	255,578	—	29,208	95,055	145,356
Right-of-use assets, net	324,058	48,641	113,761	182,363	248,309	306,786	108,508	—
Assets associated with discontinued operations	—	—	—	—	—	—	—	12,270,726
Product development costs, net of amortization of $833,452 and $397,340, respectively	1,257,447	1,384,172	1,269,021	1,010,662	—	—	—	—
Software development costs, net of amortization of $1,183,765 and $428,803, respectively	2,454,909	2,019,090	1,299,901	—	—	—	—	—
Goodwill	3,143,662	3,143,662	3,143,662	10,958,662	10,958,662	15,479,662	15,479,662	15,479,662
Other intangible assets, net of amortization of $7,190,101 and $6,428,305, respectively	1,414,466	2,176,262	2,938,058	3,699,854	4,476,647	5,238,462	6,000,277	6,762,092
Total Assets	20,306,558	14,221,337	17,017,180	25,641,124	30,123,383	26,948,287	25,048,182	38,055,564
Current Liabilities
Accounts payable	563,990	750,336	901,624	673,052	492,431	2,748,814	2,118,476	1,259,129
Accrued expenses	—	—	—	1,740,490	—	—	—	—
Accrued expenses	1,128,424	1,053,301	1,151,198	—	849,285	1,315,262	1,492,111	1,701,561
Short-term debt	—	—	—	—	—	346,390	—	365,293
Term loan facility - current	—	—	—	—	—	2,062,500	2,062,500	—
Other current liabilities – contingent consideration	—	—	—	—	—	—	—	553,126
Short-term debt	—	—	—	—	—	—	—	1,265,151
Deferred revenue	239,916	225,195	—	—	—	—	—	—
Total Current Liabilities	1,932,330	2,028,832	2,052,822	2,413,542	1,341,716	6,472,966	5,673,087	5,144,260
Other long-term liabilities – contingent consideration	—	—	—	—	—	—	—	2,350,592
Long-term debt	—	—	—	—	—	—	—	372,680
Term loan facility, net of debt discount of $620,193 and deferred debt issuance costs of $1,102,280, respectively	—	—	—	—	—	—	—	13,278,577
Term loan facility, net of debt discount of $137,855 and $244,070, respectively, and deferred debt issuance costs of $713,119 and $1,262,565, respectively	—	—	—	—	—	8,182,403	9,739,242	—
Other long-term liabilities	—	—	51,842	440,263	385,196	—	—	—
Other long-term liabilities	282,899	—	—	—	—	1,326,409	1,113,965	—
Deferred tax liability	—	—	—	—	—	—	—	365,397
Total Liabilities	2,215,229	2,028,832	2,104,664	2,853,805	1,726,912	15,981,778	16,526,294	21,511,506
Series C Redeemable Preferred Stock
Series C redeemable preferred stock, par value $0.0001 per share: 2,000 shares designated; 200 shares issued and outstanding as of December 31, 2022 and December 31, 2021	—	—	—	1,807,300	1,807,300	—	—	—
Series C redeemable preferred stock, par value $0.0001 per share: 2,000 shares designated; 1 share issued and outstanding as of December 31, 2025 and December 31, 2024, aggregate liquidation preference of $2,000,000 as of December 31, 2025 and December 31, 2024	—	—	1,807,300	—	—	1,807,300	1,807,300	1,807,300
Series C Redeemable Preferred Stock	1,807,300	1,807,300	—	—	—	—	—	—
Stockholders’ Equity
Series F preferred stock, par value $0.0001 per share: 1,333,333 shares designated; 173,333 shares issued and outstanding as of December 31, 2022, aggregate liquidation preference of $520,000 as of December 31, 2022, and December 31, 2021	—	—	—	520,000	520,000	—	—	—
Series F Preferred Stock	319,000	319,000	319,000	—	—	—	—	—
Series H Preferred Stock	—	472,245	—	—	—	—	—	—
Common stock, par value $0.0001 per share: 800,000,000 shares authorized; 906,059 and 3,198 issued and outstanding as of December 31, 2025 and December 31, 2024, respectively	91	240	216	961	917	4,062	3,005	2,523
Additional paid-in capital	132,597,001	118,758,356	112,946,891	106,069,340	104,725,115	74,583,144	68,515,674	64,748,871
Accumulated deficit	(116,632,063)	(109,164,636)	(100,160,891)	(85,610,282)	(78,656,861)	(65,427,997)	(61,804,091)	(50,014,636)
Total Stockholders’ Equity	16,284,029	10,385,205	13,105,216	20,980,019	26,589,171	9,159,209	6,714,588	14,736,758
Total Liabilities, Series C Redeemable Preferred Stock and Stockholders’ Equity	20,306,558	14,221,337	17,017,180	25,641,124	30,123,383	26,948,287	25,048,182	38,055,564

As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.