LGMKD · As filed with the SEC
LogicMark cash flow 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 Cash Flows · USD
| USD | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 |
|---|---|---|---|---|
| Cash Flows from Operating Activities | ||||
| Net loss | (7,467,427) | (9,003,745) | (14,550,609) | (6,924,965) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||
| Depreciation | 87,609 | 114,643 | 105,674 | 26,888 |
| Stock based compensation | 1,245,198 | 1,636,287 | 1,577,440 | 1,644,269 |
| Amortization of intangible assets | 761,796 | 761,796 | 761,796 | 776,793 |
| Amortization of product development costs | — | — | — | 15,029 |
| Amortization of product development costs | 436,112 | 328,539 | 53,771 | — |
| Amortization of software development costs | 754,962 | 405,449 | 23,354 | — |
| Loss on disposal of fixed assets | 2,718 | 1,654 | — | — |
| Goodwill impairment | — | — | 7,815,000 | — |
| Deferred tax expense | — | — | (320,102) | 124,468 |
| Fair value of Series H preferred stock issued to Series B holders | — | 1,523,370 | — | — |
| Amortization of operating lease right-of-use assets | 56,527 | — | — | — |
| Change in fair value of government securities | (64,361) | — | — | — |
| Changes in operating assets and liabilities: | ||||
| Accounts receivable | (1,457) | 9,292 | 388,948 | (303,846) |
| Inventory | (351,342) | 128,493 | 567,755 | (507,931) |
| Prepaid expenses and other current assets | (204,593) | (16,495) | (111,080) | 500,093 |
| Accounts payable | (344,880) | (276,625) | 22,193 | 180,621 |
| Accrued expenses | 63,123 | (92,619) | (649,620) | 859,294 |
| Deferred revenue | — | 225,195 | — | — |
| Deferred revenue | 14,721 | — | — | — |
| Other long-term liabilities | (49,044) | — | — | — |
| Net Cash Used in Operating Activities | (5,060,338) | (4,254,765) | (4,315,480) | (3,609,287) |
| Cash flows from Investing Activities | ||||
| Purchase of equipment and website development | — | — | (53,429) | — |
| Product development costs | — | — | (562,610) | (1,025,691) |
| Purchase of equipment and website development | (71,255) | (25,568) | — | (282,466) |
| Product development costs | (232,724) | (435,285) | — | — |
| Software development costs | (1,117,307) | (999,708) | (757,396) | — |
| Redemption/sale of government securities | 4,582,537 | — | — | — |
| Purchase of government securities | (10,461,394) | — | — | — |
| Net Cash Used in Investing Activities | (7,300,143) | (1,460,561) | (1,373,435) | (1,308,157) |
| Cash flows from Financing Activities | ||||
| Proceeds from sale of common stock and warrants | 14,377,835 | 4,492,198 | 5,211,428 | — |
| Fees paid in connection with equity offerings | — | — | (1,026,607) | — |
| Fees paid in connection with equity offerings | (1,978,929) | (1,210,540) | — | — |
| Common stock withheld to pay taxes | — | (4,235) | — | — |
| Warrants exercised for common stock | 22,147 | 146,654 | 1,165,156 | — |
| Series C redeemable preferred stock dividends | (300,000) | (300,000) | (300,000) | (300,000) |
| Net Cash Provided by Financing Activities | 12,121,053 | 3,124,077 | 5,049,977 | (300,000) |
| Net Decrease in Cash and Cash Equivalents | (239,428) | (2,591,249) | (638,938) | (5,217,444) |
| Cash and Cash Equivalents - Beginning of Year | 3,806,915 | 6,398,164 | 7,037,102 | 12,254,546 |
| Cash and Cash Equivalents - End of Year | 3,567,487 | 3,806,915 | 6,398,164 | 7,037,102 |
| Taxes | — | 20,579 | 3,152 | — |
| Cash paid during the years for: | ||||
| Income taxes, net of refunds | ||||
| Other | 4,810 | — | — | — |
| Total income taxes, net of refunds | 13,810 | — | — | — |
| Non-cash investing and financing activities: | ||||
| Accrued preferred stock dividends | — | — | — | 48,389 |
| Conversion of Series F preferred stock to common stock | — | — | 201,000 | — |
| Common stock issued for to settle Series F preferred stock dividend | — | — | 48,389 | — |
| Website development included in accounts payable | — | — | — | 18,494 |
| Product development costs included in accounts payable and accrued expenses | — | — | 113,538 | — |
| Product development costs included in accounts payable and accrued expenses | 76,663 | 8,405 | — | — |
| Software development costs included in accounts payable and accrued expenses | — | 124,931 | 201,841 | — |
| Software development costs included in accounts payable and accrued expenses | 73,474 | — | — | — |
| Series H preferred stock conversion to common stock | 472,245 | 1,051,125 | — | — |
| Website development included in accounts payable | 20,396 | — | — | — |
| Lease liabilities and right-of-use assets arising from lease extension | 331,944 | — | — | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.