2022 Q4 Form 10-Q Financial Statement

#000121390022071238 Filed on November 10, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $2.147M $2.752M $2.383M
YoY Change -11.22% 15.47% -9.71%
Cost Of Revenue $825.5K $1.047M $1.116M
YoY Change -39.99% -6.13% 46.6%
Gross Profit $1.321M $1.704M $1.267M
YoY Change 26.73% 34.47% -32.52%
Gross Profit Margin 61.54% 61.94% 53.19%
Selling, General & Admin $2.416M $2.908M $1.561M
YoY Change -18.24% 86.23% -27.27%
% of Gross Profit 182.84% 170.61% 123.19%
Research & Development $399.4K $374.8K $203.0K
YoY Change 765.52% 84.7% -21.29%
% of Gross Profit 30.23% 21.99% 16.01%
Depreciation & Amortization $219.0K $210.6K $193.8K
YoY Change 14.06% 8.67% -68.7%
% of Gross Profit 16.58% 12.36% 15.29%
Operating Expenses $3.681M $3.842M $1.764M
YoY Change 42.81% 117.79% -26.63%
Operating Profit -$2.360M -$2.138M -$496.9K
YoY Change 53.73% 330.31% -5.61%
Interest Expense $61.74K $44.59K -$144.8K
YoY Change -320.5% -130.79% -73.76%
% of Operating Profit
Other Income/Expense, Net $0.00 $44.59K -$144.8K
YoY Change -130.79%
Pretax Income -$2.298M -$2.094M -$641.7K
YoY Change -62.23% 226.25% -40.49%
Income Tax $138.0K
% Of Pretax Income
Net Earnings -$2.507M -$2.094M -$641.7K
YoY Change -60.14% 226.25% -40.49%
Net Earnings / Revenue -116.77% -76.08% -26.93%
Basic Earnings Per Share -$0.23 -$0.12
Diluted Earnings Per Share -$0.26 -$0.23 -$107.5K
COMMON SHARES
Basic Shares Outstanding 9.609M shares 9.609M shares 5.969M shares
Diluted Shares Outstanding 9.609M shares 5.969M shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.977M $9.329M $16.05M
YoY Change -42.07% -41.87% 666.85%
Cash & Equivalents $6.977M $9.329M $16.23M
Short-Term Investments
Other Short-Term Assets $409.1K $949.4K $955.3K
YoY Change -61.38% -0.61% 78.45%
Inventory $1.745M $1.077M $912.9K
Prepaid Expenses
Receivables $402.6K $416.9K $67.05K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $9.534M $11.77M $17.98M
YoY Change -33.97% -34.53% 405.38%
LONG-TERM ASSETS
Property, Plant & Equipment $255.6K $246.7K
YoY Change 2.93%
Goodwill $10.96M $10.96M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $16.11M $15.79M $20.41M
YoY Change 2.7% -22.66% -4.06%
TOTAL ASSETS
Total Short-Term Assets $9.534M $11.77M $17.98M
Total Long-Term Assets $16.11M $15.79M $20.41M
Total Assets $25.64M $27.56M $38.39M
YoY Change -14.88% -28.22% 54.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $673.1K $1.331M $1.229M
YoY Change 36.68% 8.24% -38.44%
Accrued Expenses $1.692M $996.2K $1.660M
YoY Change 99.24% -39.97% 28.7%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $2.414M $2.381M $3.962M
YoY Change 79.88% -39.91% -30.44%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $440.3K $331.4K $206.8K
YoY Change 14.29% 60.21% -84.58%
Total Long-Term Liabilities $440.3K $331.4K $206.8K
YoY Change 14.29% 60.21% -97.91%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.414M $2.381M $3.962M
Total Long-Term Liabilities $440.3K $331.4K $206.8K
Total Liabilities $2.854M $2.712M $4.168M
YoY Change 65.25% -34.94% -73.24%
SHAREHOLDERS EQUITY
Retained Earnings -$85.61M -$83.18M
YoY Change 8.84%
Common Stock $961.00 $961.00
YoY Change 4.8%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $20.98M $23.04M $34.23M
YoY Change
Total Liabilities & Shareholders Equity $25.64M $27.56M $38.39M
YoY Change -14.88% -28.22% 54.6%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$2.507M -$2.094M -$641.7K
YoY Change -60.14% 226.25% -40.49%
Depreciation, Depletion And Amortization $219.0K $210.6K $193.8K
YoY Change 14.06% 8.67% -68.7%
Cash From Operating Activities -$1.699M -$1.457M -$1.517M
YoY Change -35.26% -3.95% -9800.13%
INVESTING ACTIVITIES
Capital Expenditures $33.84K -$70.91K
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$543.9K -$212.5K $0.00
YoY Change
Cash From Investing Activities -$577.8K -$283.4K $0.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -75.00K -75.00K 14.36M
YoY Change -94.46% -100.52% 2831.91%
NET CHANGE
Cash From Operating Activities -1.699M -1.457M -1.517M
Cash From Investing Activities -577.8K -283.4K 0.000
Cash From Financing Activities -75.00K -75.00K 14.36M
Net Change In Cash -2.351M -1.816M 12.84M
YoY Change -40.88% -114.14% 2440.91%
FREE CASH FLOW
Cash From Operating Activities -$1.699M -$1.457M -$1.517M
Capital Expenditures $33.84K -$70.91K
Free Cash Flow -$1.732M -$1.386M
YoY Change

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CY2021Q3 lgmk Series C Preferred Stock Dividends
SeriesCPreferredStockDividends
-75000 usd
CY2021Q3 us-gaap Dividends Preferred Stock
DividendsPreferredStock
7301 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-641704 usd
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
32417409 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
9159210 usd
us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
120000 usd
us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
4000003 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
3999999 usd
lgmk Exercise Of Common Stock Purchase Warrants On A Cash Basis
ExerciseOfCommonStockPurchaseWarrantsOnACashBasis
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us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
2881729 usd
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
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lgmk Sale Of Common Stock And Warrants Pursuant To A Registration Statement On Form S1
SaleOfCommonStockAndWarrantsPursuantToARegistrationStatementOnFormS1
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us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
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us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
288000 usd
lgmk Series C Preferred Stock Dividends
SeriesCPreferredStockDividends
-765000 usd
us-gaap Dividends Preferred Stock
DividendsPreferredStock
7299 usd
us-gaap Net Income Loss
NetIncomeLoss
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CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
32417409 usd
us-gaap Profit Loss
ProfitLoss
-4488936 usd
us-gaap Profit Loss
ProfitLoss
-5419609 usd
us-gaap Depreciation
Depreciation
17171 usd
us-gaap Depreciation
Depreciation
29208 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1197320 usd
us-gaap Share Based Compensation
ShareBasedCompensation
288000 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
137855 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
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us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
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lgmk Forgiveness Of Ppp Loans And Accrued Interst
ForgivenessOfPPPLoansAndAccruedInterst
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us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
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us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
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us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
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us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
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us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
162380 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
242618 usd
us-gaap Payments To Acquire Software
PaymentsToAcquireSoftware
481768 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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lgmk Proceeds From Exercise Of Common Stock Warrants
ProceedsFromExerciseOfCommonStockWarrants
11834722 usd
lgmk Proceeds From Ppp Loan
ProceedsFromPPPLoan
4000003 usd
lgmk Proceed Received In Connection With Issuance Of Series F Preferred Stock Net
ProceedReceivedInConnectionWithIssuanceOfSeriesFPreferredStockNet
3999999 usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
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lgmk Termination Fee Upon Early Payment Of Term Loan
TerminationFeeUponEarlyPaymentOfTermLoan
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lgmk Fees Paid In Connection With Equity Offerings
FeesPaidInConnectionWithEquityOfferings
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us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
225000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-225000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
14984528 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-2866054 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
11694209 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
12254546 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4537546 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9388492 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
16231755 usd
us-gaap Interest Paid Net
InterestPaidNet
1395611 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
47874 usd
lgmk Accrued Preferred Stock Dividends
AccruedPreferredStockDividends
32934 usd
lgmk Accrued Preferred Stock Dividends
AccruedPreferredStockDividends
266907 usd
us-gaap Stock Issued1
StockIssued1
80456 usd
lgmk Conversion Of Series E Preferred Stock To Common Stocks
ConversionOfSeriesEPreferredStockToCommonStocks
4000003 usd
lgmk Conversion Of Series F Preferred Stock To Common Stocks
ConversionOfSeriesFPreferredStockToCommonStocks
3479999 usd
lgmk Website Development Included In Accounts Payabl
WebsiteDevelopmentIncludedInAccountsPayabl
21255 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-4546683 usd
us-gaap Net Income Loss
NetIncomeLoss
-4488936 usd
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
9328504 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
23039621 usd
CY2022Q3 lgmk Working Capital
WorkingCapital
9391383 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFive
241218 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
531139 usd
CY2021Q4 lgmk Working Capital
WorkingCapital
13098049 usd
us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>USE OF ESTIMATES IN THE FINANCIAL STATEMENTS</i></b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with generally accepted accounting principles in the United States (U.S. GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company’s management evaluates these significant estimates and assumptions, including those related to the fair value of acquired assets and liabilities, stock-based compensation, income taxes, allowance for doubtful accounts, long-lived assets, and inventories, and other matters that affect the financial statements and disclosures. Actual results could differ from those estimates.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
9328504 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
12044415 usd
CY2022Q3 us-gaap Restricted Cash
RestrictedCash
59988 usd
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
210131 usd
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>CONCENTRATIONS OF CREDIT RISK</i></b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents. The Company maintains its cash and cash equivalents balances in large well-established financial institutions located in the United States. At times, the Company’s cash and cash equivalents balances may be uninsured or in deposit accounts that exceed the Federal Deposit Insurance Corporation (FDIC) insurance limits. Cash equivalents amounted to $9,057,747 on September 30, 2022.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q3 lgmk Freight Charges
FreightCharges
94080 usd
lgmk Freight Charges
FreightCharges
467293 usd
CY2021Q3 lgmk Freight Charges
FreightCharges
149923 usd
lgmk Freight Charges
FreightCharges
374484 usd
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1146 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
5411 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Rolling Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextRollingTwelveMonths
776964 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearTwo
776964 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearThree
776964 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFour
602648 usd
CY2022Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1077160 usd
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1237280 usd
CY2022Q3 us-gaap Advances On Inventory Purchases
AdvancesOnInventoryPurchases
670221 usd
CY2021Q4 us-gaap Advances On Inventory Purchases
AdvancesOnInventoryPurchases
559938 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
194241 usd
lgmk Stock Options To Purchase
StockOptionsToPurchase
444660 shares
lgmk Stock Options To Purchase
StockOptionsToPurchase
40858 shares
us-gaap Development Costs
DevelopmentCosts
481768 usd
CY2022Q3 us-gaap Accrued Salaries Current And Noncurrent
AccruedSalariesCurrentAndNoncurrent
160719 usd
CY2021Q4 us-gaap Accrued Salaries Current And Noncurrent
AccruedSalariesCurrentAndNoncurrent
54229 usd
CY2022Q3 lgmk Accrued Merchant Bank Fees
AccruedMerchantBankFees
17018 usd
CY2021Q4 lgmk Accrued Merchant Bank Fees
AccruedMerchantBankFees
17853 usd
CY2022Q3 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
197825 usd
CY2021Q4 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
104500 usd
CY2022Q3 lgmk Accrued Managements Incentives
AccruedManagementsIncentives
420350 usd
CY2021Q4 lgmk Accrued Managements Incentives
AccruedManagementsIncentives
285000 usd
CY2022Q3 lgmk Lease Liability
LeaseLiability
71101 usd
CY2021Q4 lgmk Lease Liability
LeaseLiability
64346 usd
CY2022Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
53524 usd
CY2021Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
94933 usd
CY2022Q3 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
129217 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
228424 usd
CY2022Q3 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
1049754 usd
CY2021Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
849285 usd
CY2021Q4 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
On October 15, 2021, the Company announced that its shareholders had approved a reverse split of its common stock and Series C Redeemable Preferred at a ratio of 1 for 10. As a result of the reverse split, every 10 pre-split shares of common stock outstanding and every 10 pre-split shares of Series C Redeemable Preferred Stock outstanding were automatically exchanged for one new share of each without any action on the part of the holders.
CY2021Q3 lgmk Gross Proceeds
GrossProceeds
12500000 usd
CY2021Q3 us-gaap Alternative Investment
AlternativeInvestment
3999999 usd
lgmk Voting Rights Description
VotingRightsDescription
One share of Series C Redeemable Preferred Stock carries the same voting rights as one share of common stock.
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
247870 usd
CY2022Q3 lgmk Payment With Imputed Interest Premium
PaymentWithImputedInterestPremium
41051 usd
CY2022Q2 us-gaap Other Expenses
OtherExpenses
34203 usd
CY2022Q3 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
22500 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
1.09
CY2022Q3 us-gaap Defined Contribution Plan Employers Matching Contribution Annual Vesting Percentage
DefinedContributionPlanEmployersMatchingContributionAnnualVestingPercentage
1 pure
CY2022Q3 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
1.09
CY2022Q3 us-gaap Other Expenses
OtherExpenses
54233 usd
CY2022Q3 lgmk Vested Stock Options Shares
VestedStockOptionsShares
45875 shares
us-gaap Noninterest Expense Directors Fees
NoninterestExpenseDirectorsFees
72815 usd
lgmk Real Estate Lease Term Description
RealEstateLeaseTermDescription
The Company’s real estate lease, which is for office space and a fulfillment center, with a lease term of 5 years, expiring in August 2025. The Company also leases a copier with a lease term of 5 years, ending August 2023.
lgmk Monthly Rent Amount
MonthlyRentAmount
6400 usd
lgmk Increasing Annual Rent Percentage
IncreasingAnnualRentPercentage
0.03 pure
us-gaap Operating Lease Cost
OperatingLeaseCost
75761 usd
lgmk Lease Costs Included In Direct Operating Costs
LeaseCostsIncludedInDirectOperatingCosts
58613 usd
lgmk Lease Costs Included In General And Administrative Expense
LeaseCostsIncludedInGeneralAndAdministrativeExpense
17148 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
23746 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
89724 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
80000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
54400 usd
CY2022Q3 lgmk Total Present Value Of Future Minimum Lease Payments
TotalPresentValueOfFutureMinimumLeasePayments
206819 usd
CY2022Q3 lgmk Forgiveness Of Ppp Loan And Accrued Interest
ForgivenessOfPPPLoanAndAccruedInterest
usd
lgmk Forgiveness Of Ppp Loan And Accrued Interest
ForgivenessOfPPPLoanAndAccruedInterest
usd
CY2022Q3 lgmk Warrant Modification Expense
WarrantModificationExpense
usd
CY2021Q3 lgmk Warrant Modification Expense
WarrantModificationExpense
usd
lgmk Warrant Modification Expense
WarrantModificationExpense
usd
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.12
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.23
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.50
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.43
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5377465 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5969312 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9562347 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9608937 shares
CY2022Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
usd
CY2021Q3 lgmk Conversion Of Series D Preferred Stock To Common Stock
ConversionOfSeriesDPreferredStockToCommonStock
usd
CY2021Q3 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
usd
us-gaap Stock And Warrants Issued During Period Value Preferred Stock And Warrants
StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants
usd
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
usd
lgmk Conversion Of Series D Preferred Stock To Common Stock
ConversionOfSeriesDPreferredStockToCommonStock
usd
lgmk Exercise Of Common Stock Purchase Warrants On A Cashless Basis
ExerciseOfCommonStockPurchaseWarrantsOnACashlessBasis
usd
us-gaap Stock Issued During Period Value Stock Dividend
StockIssuedDuringPeriodValueStockDividend
usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
usd
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
usd
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
usd
lgmk Forgiveness Of Ppp Loans And Accrued Interst
ForgivenessOfPPPLoansAndAccruedInterst
usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
usd
us-gaap Payments To Acquire Software
PaymentsToAcquireSoftware
usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
usd
lgmk Proceeds From Exercise Of Common Stock Warrants
ProceedsFromExerciseOfCommonStockWarrants
usd
lgmk Proceeds From Ppp Loan
ProceedsFromPPPLoan
usd
lgmk Proceed Received In Connection With Issuance Of Series F Preferred Stock Net
ProceedReceivedInConnectionWithIssuanceOfSeriesFPreferredStockNet
usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
usd
lgmk Termination Fee Upon Early Payment Of Term Loan
TerminationFeeUponEarlyPaymentOfTermLoan
usd
lgmk Fees Paid In Connection With Equity Offerings
FeesPaidInConnectionWithEquityOfferings
usd
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
usd
us-gaap Interest Paid Net
InterestPaidNet
usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
usd
lgmk Equity Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
EquityIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
usd
lgmk Equity Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
EquityIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
usd
us-gaap Stock Issued1
StockIssued1
usd
lgmk Conversion Of Series E Preferred Stock To Common Stocks
ConversionOfSeriesEPreferredStockToCommonStocks
usd
lgmk Conversion Of Series F Preferred Stock To Common Stocks
ConversionOfSeriesFPreferredStockToCommonStocks
usd
lgmk Website Development Included In Accounts Payabl
WebsiteDevelopmentIncludedInAccountsPayabl
usd
CY2022Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P5Y
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0001566826

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