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 |
|---|---|---|---|---|
| Assets | ||||
| Current Assets | ||||
| Cash and cash equivalents | — | 3,806,915 | — | — |
| Cash and cash equivalents | 3,567,487 | — | 6,398,164 | 6,977,114 |
| Restricted cash | — | — | — | 59,988 |
| Accounts receivable, net | — | — | — | 402,595 |
| 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 |
| Prepaid expenses and other current assets | 681,265 | 476,672 | 460,177 | 349,097 |
| Total Current Assets | 11,598,087 | 5,336,905 | 8,049,444 | 9,534,005 |
| Equipment | — | — | — | 416,889 |
| Furniture and fixtures | — | — | — | 35,761 |
| Website and other | — | — | — | 285,448 |
| Property and equipment, gross | — | — | — | 738,098 |
| Accumulated depreciation | — | — | — | (482,520) |
| Property and equipment, net | 113,929 | 112,605 | 203,333 | 255,578 |
| Right-of-use assets, net | 324,058 | 48,641 | 113,761 | 182,363 |
| 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 |
| 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 |
| Total Assets | 20,306,558 | 14,221,337 | 17,017,180 | 25,641,124 |
| Current Liabilities | ||||
| Accounts payable | 563,990 | 750,336 | 901,624 | 673,052 |
| Accrued expenses | — | — | — | 1,740,490 |
| Accrued expenses | 1,128,424 | 1,053,301 | 1,151,198 | — |
| Deferred revenue | 239,916 | 225,195 | — | — |
| Total Current Liabilities | 1,932,330 | 2,028,832 | 2,052,822 | 2,413,542 |
| Other long-term liabilities | — | — | 51,842 | 440,263 |
| Other long-term liabilities | 282,899 | — | — | — |
| Total Liabilities | 2,215,229 | 2,028,832 | 2,104,664 | 2,853,805 |
| 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 |
| 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 | — |
| 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 |
| 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 |
| Additional paid-in capital | 132,597,001 | 118,758,356 | 112,946,891 | 106,069,340 |
| Accumulated deficit | (116,632,063) | (109,164,636) | (100,160,891) | (85,610,282) |
| Total Stockholders’ Equity | 16,284,029 | 10,385,205 | 13,105,216 | 20,980,019 |
| Total Liabilities, Series C Redeemable Preferred Stock and Stockholders’ Equity | 20,306,558 | 14,221,337 | 17,017,180 | 25,641,124 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.