$LGMK
LogicMark, Inc. Stock $lgmk

$lgmk Overview Financials Valuation SEC Filings Company Website

2023 Q2 Form 10-Q Financial Statement

#000121390023039116 Filed on May 12, 2023

Income Statement

Concept	2023 Q2	2023 Q1	2022 Q1
Revenue	$2.327M	$2.810M	$3.651M
YoY Change	-30.9%	-23.04%	49.7%
Cost Of Revenue	$727.3K	$947.2K	$1.447M
YoY Change	-46.7%	-34.56%	46.28%
Gross Profit	$1.600M	$1.863M	$2.203M
YoY Change	-20.14%	-15.47%	52.03%
Gross Profit Margin	68.75%	66.29%	60.36%
Selling, General & Admin	$2.962M	$2.879M	$2.525M
YoY Change	23.89%	14.02%	73.05%
% of Gross Profit	185.14%	154.59%	114.6%
Research & Development	$250.3K	$313.9K	$262.5K
YoY Change	22.32%	19.59%	-16.38%
% of Gross Profit	15.64%	16.85%	11.91%
Depreciation & Amortization	$210.0K	$25.55K	$194.4K
YoY Change	7.87%	-86.86%	-4.66%
% of Gross Profit	13.13%	1.37%	8.82%
Operating Expenses	$3.876M	$3.748M	$3.487M
YoY Change	23.9%	7.51%	56.19%
Operating Profit	-$2.276M	-$1.886M	-$1.283M
YoY Change	102.27%	46.97%	63.9%
Interest Expense	$10.00K	$52.43K
YoY Change	-24.01%
% of Operating Profit
Other Income/Expense, Net	$50.65K	$52.43K
YoY Change	284.88%
Pretax Income	-$2.268M	-$1.833M	-$1.283M
YoY Change	103.9%	42.89%	-69.61%
Income Tax			$0.00
% Of Pretax Income
Net Earnings	-$2.268M	-$1.833M	-$1.283M
YoY Change	103.9%	42.89%	-69.61%
Net Earnings / Revenue	-97.46%	-65.25%	-35.15%
Basic Earnings Per Share	-$1.83	-$1.92	-$2.89
Diluted Earnings Per Share	-$1.83	-$1.92	-$135.3K
COMMON SHARES
Basic Shares Outstanding	1.288M shares	24.41M shares	474.1K shares
Diluted Shares Outstanding	1.283M shares	996.1K shares	474.1K shares

Balance Sheet

Concept	2023 Q2	2023 Q1	2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$7.650M	$9.782M	$12.22M
YoY Change	-31.35%	-19.98%	43.56%
Cash & Equivalents	$7.650M	$9.782M	$12.44M
Short-Term Investments
Other Short-Term Assets	$660.0K	$352.3K	$1.104M
YoY Change	-20.82%	-68.07%	60.77%
Inventory	$987.2K	$1.134M	$876.1K
Prepaid Expenses
Receivables	$20.00K	$50.68K	$133.3K
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$9.314M	$11.32M	$14.34M
YoY Change	-27.57%	-21.05%	42.66%
LONG-TERM ASSETS
Property, Plant & Equipment	$253.5K	$252.9K	$269.3K
YoY Change	47.25%	-6.11%	-11.99%
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	$16.33M	$16.14M	$15.51M
YoY Change	3.92%	4.05%	-25.56%
TOTAL ASSETS
Total Short-Term Assets	$9.314M	$11.32M	$14.34M
Total Long-Term Assets	$16.33M	$16.14M	$15.51M
Total Assets	$25.64M	$27.46M	$29.85M
YoY Change	-10.26%	-8.01%	-3.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$446.7K	$521.3K	$1.059M
YoY Change	-43.35%	-50.79%	-54.04%
Accrued Expenses	$850.0K	$750.5K	$658.4K
YoY Change	4.23%	14.0%	-61.67%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change			-100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$1.294M	$1.272M	$1.826M
YoY Change	-21.59%	-30.34%	-70.22%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change			-100.0%
Other Long-Term Liabilities	$410.0K	$424.2K	$367.4K
YoY Change	17.48%	15.46%	-71.98%
Total Long-Term Liabilities	$410.0K	$424.2K	$367.4K
YoY Change	17.48%	15.46%	-91.76%
TOTAL LIABILITIES
Total Short-Term Liabilities	$1.294M	$1.272M	$1.826M
Total Long-Term Liabilities	$410.0K	$424.2K	$367.4K
Total Liabilities	$1.702M	$1.696M	$2.193M
YoY Change	-14.89%	-22.67%	-79.29%
SHAREHOLDERS EQUITY
Retained Earnings	-$89.71M	-$87.44M
YoY Change	10.65%
Common Stock	$133.00	$123.00
YoY Change	-86.16%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$22.13M	$23.96M	$25.85M
YoY Change
Total Liabilities & Shareholders Equity	$25.64M	$27.46M	$29.85M
YoY Change	-10.26%	-8.01%	-3.36%

Cashflow Statement

Concept	2023 Q2	2023 Q1	2022 Q1
OPERATING ACTIVITIES
Net Income	-$2.268M	-$1.833M	-$1.283M
YoY Change	103.9%	42.89%	-69.61%
Depreciation, Depletion And Amortization	$210.0K	$25.55K	$194.4K
YoY Change	7.87%	-86.86%	-4.66%
Cash From Operating Activities	-$1.820M	-$1.383M	$292.5K
YoY Change	143.99%	-572.86%	-129.16%
INVESTING ACTIVITIES
Capital Expenditures	$40.00K	$5.732K	-$36.99K
YoY Change	-128.42%	-115.5%
Acquisitions
YoY Change
Other Investing Activities	-$350.0K	-$137.9K
YoY Change	29.98%
Cash From Investing Activities	-$400.0K	-$143.6K	-$36.99K
YoY Change	-2.44%	288.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	80.00K	$4.331M	-75.00K
YoY Change	-206.67%	-5874.91%	-101.46%
NET CHANGE
Cash From Operating Activities	-1.820M	-$1.383M	292.5K
Cash From Investing Activities	-400.0K	-$143.6K	-36.99K
Cash From Financing Activities	80.00K	$4.331M	-75.00K
Net Change In Cash	-2.140M	$2.805M	180.5K
YoY Change	73.85%	1454.19%
FREE CASH FLOW
Cash From Operating Activities	-$1.820M	-$1.383M	$292.5K
Capital Expenditures	$40.00K	$5.732K	-$36.99K
Free Cash Flow	-$1.860M	-$1.389M	$329.4K
YoY Change	207.33%	-521.51%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023Q1	dei	Document Type DocumentType	10-Q
CY2023Q1	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2023Q1	dei	Document Period End Date DocumentPeriodEndDate	2023-03-31
CY2023Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
CY2023Q1	dei	Document Transition Report DocumentTransitionReport	false
CY2023Q1	dei	Entity File Number EntityFileNumber	001-36616
CY2023Q1	dei	Entity Registrant Name EntityRegistrantName	LogicMark, Inc.
CY2023Q1	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
CY2023Q1	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	46-0678374
CY2023Q1	dei	Entity Address Address Line1 EntityAddressAddressLine1	2801 Diode Lane
CY2023Q1	dei	Entity Address City Or Town EntityAddressCityOrTown	Louisville
CY2023Q1	dei	Entity Address State Or Province EntityAddressStateOrProvince	KY
CY2023Q1	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	40299
CY2023Q1	dei	City Area Code CityAreaCode	(502)
CY2023Q1	dei	Local Phone Number LocalPhoneNumber	442-7911
CY2023Q1	dei	Security12b Title Security12bTitle	Common Stock, par value $0.0001 per share
CY2023Q1	dei	Trading Symbol TradingSymbol	LGMK
CY2023Q1	dei	Security Exchange Name SecurityExchangeName	NASDAQ
CY2023Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2023Q1	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2023Q1	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2023Q1	dei	Entity Small Business EntitySmallBusiness	true
CY2023Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2023Q1	dei	Entity Shell Company EntityShellCompany	false
CY2023Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	1287518	shares
CY2023Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	9781799	usd
CY2022Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	6977114	usd
CY2023Q1	us-gaap	Restricted Cash RestrictedCash	59988	usd
CY2022Q4	us-gaap	Restricted Cash RestrictedCash	59988	usd
CY2023Q1	us-gaap	Accounts Receivable Net AccountsReceivableNet	50679	usd
CY2022Q4	us-gaap	Accounts Receivable Net AccountsReceivableNet	402595	usd
CY2023Q1	us-gaap	Inventory Net InventoryNet	1134497	usd
CY2022Q4	us-gaap	Inventory Net InventoryNet	1745211	usd
CY2023Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	292319	usd
CY2022Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	349097	usd
CY2023Q1	us-gaap	Assets Current AssetsCurrent	11319282	usd
CY2022Q4	us-gaap	Assets Current AssetsCurrent	9534005	usd
CY2023Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	252855	usd
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	255578	usd
CY2023Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	164554	usd
CY2022Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	182363	usd
CY2023Q1	lgmk	Product Development Costs Net Of Amortization ProductDevelopmentCostsNetOfAmortization	15029	usd
CY2022Q4	lgmk	Product Development Costs Net Of Amortization ProductDevelopmentCostsNetOfAmortization	15029	usd
CY2023Q1	lgmk	Product Development Costs ProductDevelopmentCosts	1253749	usd
CY2022Q4	lgmk	Product Development Costs ProductDevelopmentCosts	1010662	usd
CY2023Q1	us-gaap	Goodwill Goodwill	10958662	usd
CY2022Q4	us-gaap	Goodwill Goodwill	10958662	usd
CY2023Q1	lgmk	Other Intangible Assets Amortization OtherIntangibleAssetsAmortization	4900886	usd
CY2022Q4	lgmk	Other Intangible Assets Amortization OtherIntangibleAssetsAmortization	4710437	usd
CY2023Q1	us-gaap	Other Intangible Assets Net OtherIntangibleAssetsNet	3509405	usd
CY2022Q4	us-gaap	Other Intangible Assets Net OtherIntangibleAssetsNet	3699854	usd
CY2023Q1	us-gaap	Assets Assets	27458507	usd
CY2022Q4	us-gaap	Assets Assets	25641124	usd
CY2023Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	521283	usd
CY2022Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	673052	usd
CY2023Q1	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	750532	usd
CY2022Q4	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	1740490	usd
CY2023Q1	us-gaap	Liabilities Current LiabilitiesCurrent	1271815	usd
CY2022Q4	us-gaap	Liabilities Current LiabilitiesCurrent	2413542	usd
CY2023Q1	us-gaap	Liabilities Other Than Longterm Debt Noncurrent LiabilitiesOtherThanLongtermDebtNoncurrent	424195	usd
CY2022Q4	us-gaap	Liabilities Other Than Longterm Debt Noncurrent LiabilitiesOtherThanLongtermDebtNoncurrent	440263	usd
CY2023Q1	us-gaap	Liabilities Liabilities	1696010	usd
CY2022Q4	us-gaap	Liabilities Liabilities	2853805	usd
CY2023Q1	lgmk	Preferred Stock Value1 PreferredStockValue1	1807300	usd
CY2022Q4	lgmk	Preferred Stock Value1 PreferredStockValue1	1807300	usd
CY2023Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2022Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2023Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2022Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2023Q1	lgmk	Preferred Stock Value2 PreferredStockValue2	319000	usd
CY2022Q4	lgmk	Preferred Stock Value2 PreferredStockValue2	520000	usd
CY2023Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2022Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2023Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000	shares
CY2022Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000	shares
CY2023Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	1220308	shares
CY2023Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	1220308	shares
CY2022Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	479669	shares
CY2022Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	479669	shares
CY2023Q1	us-gaap	Common Stock Value CommonStockValue	123	usd
CY2022Q4	us-gaap	Common Stock Value CommonStockValue	48	usd
CY2023Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	111079795	usd
CY2022Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	106070253	usd
CY2023Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-87443721	usd
CY2022Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-85610282	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	23955197	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	20980019	usd
CY2023Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	27458507	usd
CY2022Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	25641124	usd
CY2023Q1	us-gaap	Revenues Revenues	2809717	usd
CY2022Q1	us-gaap	Revenues Revenues	3650689	usd
CY2023Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	947169	usd
CY2022Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	1447305	usd
CY2023Q1	us-gaap	Gross Profit GrossProfit	1862548	usd
CY2022Q1	us-gaap	Gross Profit GrossProfit	2203384	usd
CY2023Q1	lgmk	Direct Operating Cost DirectOperatingCost	262800	usd
CY2022Q1	lgmk	Direct Operating Cost DirectOperatingCost	474442	usd
CY2023Q1	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	48116	usd
CY2023Q1	us-gaap	Marketing Expense MarketingExpense	465536	usd
CY2022Q1	us-gaap	Marketing Expense MarketingExpense	189207	usd
CY2023Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	313887	usd
CY2022Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	262484	usd
CY2023Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	2413760	usd
CY2022Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	2335949	usd
CY2023Q1	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-28318	usd
CY2022Q1	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-30084	usd
CY2023Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	215998	usd
CY2022Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	194363	usd
CY2023Q1	us-gaap	Operating Expenses OperatingExpenses	3748415	usd
CY2022Q1	us-gaap	Operating Expenses OperatingExpenses	3486529	usd
CY2023Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-1885867	usd
CY2022Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-1283145	usd
CY2023Q1	lgmk	Warrant Modification Expenses WarrantModificationExpenses	-52428	usd
CY2023Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	52428	usd
CY2023Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-1833439	usd
CY2022Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-1283145	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	-1833439	usd
CY2022Q1	us-gaap	Profit Loss ProfitLoss	-1283145	usd
CY2023Q1	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	75000	usd
CY2022Q1	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	88000	usd
CY2023Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-1908439	usd
CY2022Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-1371145	usd
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-1.92
CY2022Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-2.89
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	996080	shares
CY2022Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	474099	shares
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	20980019	usd
CY2023Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	426842	usd
CY2023Q1	lgmk	Shares Issued As Stock Compensation SharesIssuedAsStockCompensation	2203	usd
CY2023Q1	lgmk	Sale Of Common Stock And Warrants Pursuant To A Registration Statement On Form S1 SaleOfCommonStockAndWarrantsPursuantToARegistrationStatementOnFormS1	5211428	usd
CY2023Q1	us-gaap	Stock Issued During Period Value Other StockIssuedDuringPeriodValueOther	-805245	usd
CY2023Q1	lgmk	Series F Preferred Stock Dividends To Common Stock SeriesFPreferredStockDividendsToCommonStock	48389	usd
CY2023Q1	lgmk	Series C Preferred Stock Dividends SeriesCPreferredStockDividends	75000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	-1833439	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	23955197	usd
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	26589171	usd
CY2022Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	512349	usd
CY2022Q1	lgmk	Shares Issued As Stock Compensation SharesIssuedAsStockCompensation	117453	usd
CY2022Q1	lgmk	Series C Preferred Stock Dividends SeriesCPreferredStockDividends	75000	usd
CY2022Q1	lgmk	Series F Preferred Stock Dividends To Common Stock SeriesFPreferredStockDividendsToCommonStock	-13000	usd
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	-1283145	usd
CY2022Q1	us-gaap	Stockholders Equity StockholdersEquity	25847828	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	-1833439	usd
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	-1283145	usd
CY2023Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	25549	usd
CY2022Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	257	usd
CY2023Q1	us-gaap	Share Based Compensation ShareBasedCompensation	429045	usd
CY2022Q1	us-gaap	Share Based Compensation ShareBasedCompensation	629802	usd
CY2023Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	190449	usd
CY2022Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	194106	usd
CY2023Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-351916	usd
CY2022Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	34513	usd
CY2023Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-610714	usd
CY2022Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-361196	usd
CY2023Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-56778	usd
CY2022Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	44198	usd
CY2023Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-229741	usd
CY2022Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	566983	usd
CY2023Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-984157	usd
CY2022Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-98041	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-1382886	usd
CY2022Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	292447	usd
CY2023Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	5732	usd
CY2022Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	36988	usd
CY2023Q1	us-gaap	Payments To Acquire Software PaymentsToAcquireSoftware	137880	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-143612	usd
CY2022Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-36988	usd
CY2023Q1	lgmk	Termination Fee Upon Early Payment Of Term Loan TerminationFeeUponEarlyPaymentOfTermLoan	-5211428	usd
CY2023Q1	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	805245	usd
CY2023Q1	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	75000	usd
CY2022Q1	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	75000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	4331183	usd
CY2022Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-75000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	2804685	usd
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	180459	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	7037102	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	12254546	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	9841787	usd
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	12435005	usd
CY2022Q1	lgmk	Accrued Preferred Stock Dividends AccruedPreferredStockDividends	107933	usd
CY2023Q1	lgmk	Conversion Of Series E Preferred Stock To Common Stocks ConversionOfSeriesEPreferredStockToCommonStocks	201000	usd
CY2023Q1	us-gaap	Debt Conversion Converted Instrument Amount1 DebtConversionConvertedInstrumentAmount1	48389	usd
CY2023Q1	us-gaap	Stock Issued1 StockIssued1	17094	usd
CY2023Q1	lgmk	Website Development Included In Accounts Payabl WebsiteDevelopmentIncludedInAccountsPayabl	105207	usd
CY2022Q4	us-gaap	Cash Equivalents At Carrying Value CashEquivalentsAtCarryingValue	6600000	usd
CY2023Q1	us-gaap	Operating Loss Carryforwards Valuation Allowance OperatingLossCarryforwardsValuationAllowance	1900000	usd
CY2023Q1	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	1800000	usd
CY2023Q1	lgmk	Cash And Cash Equivalents CashAndCashEquivalents	9800000	usd
CY2023Q1	lgmk	Working Capital WorkingCapital	10000000	usd
CY2022Q4	lgmk	Working Capital WorkingCapital	7100000	usd
CY2023Q1	us-gaap	Use Of Estimates UseOfEstimates	<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i>USE OF ESTIMATES IN THE CONDENSED FINANCIAL STATEMENTS</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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 condensed 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 condensed financial statements and disclosures. Actual results could differ from those estimates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i> </i></b></p>
CY2023Q1	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	9200000	usd
CY2023Q1	us-gaap	Restricted Cash RestrictedCash	60000	usd
CY2023Q1	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i>CONCENTRATIONS OF CREDIT RISK</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </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 balances may be uninsured or in deposit accounts that exceed the Federal Deposit Insurance Corporation (“FDIC”) insurance limits.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i> </i></b></p>
CY2023Q1	lgmk	Freight Charges FreightCharges	100000	usd
CY2022Q1	lgmk	Freight Charges FreightCharges	200000	usd
CY2023Q1	us-gaap	Inventory Finished Goods InventoryFinishedGoods	1100000	usd
CY2023Q1	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	60000	usd
CY2022Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	600000	usd
CY2022Q4	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	1200000	usd
CY2022Q4	us-gaap	Advances On Inventory Purchases AdvancesOnInventoryPurchases	10000.00	usd
CY2023Q1	us-gaap	Adjustment For Amortization AdjustmentForAmortization	200000	usd
CY2022Q1	us-gaap	Adjustment For Amortization AdjustmentForAmortization	200000	usd
CY2023Q1	us-gaap	Interest Expense Debt Excluding Amortization InterestExpenseDebtExcludingAmortization	600000	usd
CY2023Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Rolling Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextRollingTwelveMonths	800000	usd
CY2023Q1	us-gaap	Present Value Of Future Insurance Profits Amortization Expense1 PresentValueOfFutureInsuranceProfitsAmortizationExpense1	600000	usd
CY2023Q1	us-gaap	Amortization Expense Per Dollar Of Gross Revenue AmortizationExpensePerDollarOfGrossRevenue	300000	usd
CY2023Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	63000	usd
CY2023Q1	lgmk	Stock Options To Purchase StockOptionsToPurchase	36053	shares
CY2022Q1	lgmk	Stock Options To Purchase StockOptionsToPurchase	17434	shares
CY2023Q1	us-gaap	Development Costs DevelopmentCosts	200000	usd
CY2023Q1	us-gaap	Capitalized Software Development Costs For Software Sold To Customers CapitalizedSoftwareDevelopmentCostsForSoftwareSoldToCustomers	400000	usd
CY2022Q4	us-gaap	Capitalized Software Development Costs For Software Sold To Customers CapitalizedSoftwareDevelopmentCostsForSoftwareSoldToCustomers	300000	usd
CY2023Q1	us-gaap	Accrued Salaries Current And Noncurrent AccruedSalariesCurrentAndNoncurrent	212247	usd
CY2022Q4	us-gaap	Accrued Salaries Current And Noncurrent AccruedSalariesCurrentAndNoncurrent	114030	usd
CY2023Q1	lgmk	Accrued Merchant Bank Fees AccruedMerchantBankFees	18946	usd
CY2022Q4	lgmk	Accrued Merchant Bank Fees AccruedMerchantBankFees	15062	usd
CY2023Q1	us-gaap	Accrued Professional Fees Current And Noncurrent AccruedProfessionalFeesCurrentAndNoncurrent	58100	usd
CY2022Q4	us-gaap	Accrued Professional Fees Current And Noncurrent AccruedProfessionalFeesCurrentAndNoncurrent	25000	usd
CY2023Q1	lgmk	Accrued Managements Incentives AccruedManagementsIncentives	153800	usd
CY2022Q4	lgmk	Accrued Managements Incentives AccruedManagementsIncentives	519800	usd
CY2023Q1	lgmk	Lease Liability LeaseLiability	67660	usd
CY2022Q4	lgmk	Lease Liability LeaseLiability	69402	usd
CY2022Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	48389	usd
CY2023Q1	us-gaap	Inventory Adjustments InventoryAdjustments	37141	usd
CY2022Q4	us-gaap	Inventory Adjustments InventoryAdjustments	812970	usd
CY2023Q1	us-gaap	Other Accrued Liabilities Current And Noncurrent OtherAccruedLiabilitiesCurrentAndNoncurrent	202638	usd
CY2022Q4	us-gaap	Other Accrued Liabilities Current And Noncurrent OtherAccruedLiabilitiesCurrentAndNoncurrent	135837	usd
CY2023Q1	us-gaap	Financing Receivable Excluding Accrued Interest Revolving Converted To Term Loan FinancingReceivableExcludingAccruedInterestRevolvingConvertedToTermLoan	750532	usd
CY2022Q4	us-gaap	Financing Receivable Excluding Accrued Interest Revolving Converted To Term Loan FinancingReceivableExcludingAccruedInterestRevolvingConvertedToTermLoan	1740490	usd
CY2023Q1	us-gaap	Partners Capital Account Units Treasury PartnersCapitalAccountUnitsTreasury	3440000	shares
CY2023Q1	us-gaap	Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1 ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1	0.02
CY2023Q1	us-gaap	Dividends Common Stock Stock DividendsCommonStockStock	3440000	usd
CY2023Q1	lgmk	Aggregate Share AggregateShare	258000	shares
CY2023Q1	us-gaap	Stock Issued During Period Shares Purchase Of Assets StockIssuedDuringPeriodSharesPurchaseOfAssets	2.52	shares
CY2023Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized	815198	shares
CY2023Q1	lgmk	Shares Of Common Stock SharesOfCommonStock	61140	shares
CY2023Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	2.52
CY2023Q1	lgmk	Gross Proceeds GrossProceeds	5200000	usd
CY2023Q1	lgmk	Percentage Of Underwriting Discounts And Commissions PercentageOfUnderwritingDiscountsAndCommissions	0.07	pure
CY2023Q1	lgmk	Percentage Of Gross Proceeds PercentageOfGrossProceeds	0.035	pure
CY2022Q1	us-gaap	Preferred Stock Amount Of Preferred Dividends In Arrears PreferredStockAmountOfPreferredDividendsInArrears	75000	usd
CY2023Q1	lgmk	Voting Rights Description VotingRightsDescription	One share of Series C Redeemable Preferred Stock carries the same voting rights as one share of common stock.
CY2023Q1	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	3125	shares
CY2023Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue	11000	usd
CY2023Q1	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	400000	usd
CY2022Q1	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	1100000	usd
CY2022Q1	us-gaap	Assets Assets	300000	usd
CY2023Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares	1250	shares
CY2023Q1	us-gaap	Share Based Compensation ShareBasedCompensation	400000	usd
CY2022Q1	us-gaap	Share Based Compensation ShareBasedCompensation	600000	usd
CY2023Q1	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.
CY2023Q1	lgmk	Monthly Rent Amount MonthlyRentAmount	6400	usd
CY2023Q1	lgmk	Increasing Annual Rent Percentage IncreasingAnnualRentPercentage	0.03	pure
CY2023Q1	us-gaap	Operating Lease Cost OperatingLeaseCost	25400	usd
CY2022Q1	us-gaap	Operating Lease Cost OperatingLeaseCost	24600	usd
CY2023Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	65977	usd
CY2023Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	80000	usd
CY2023Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	54400	usd
CY2023Q1	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	200377	usd
CY2023Q1	lgmk	Payment With Imputed Interest Premium PaymentWithImputedInterestPremium	28623	usd
CY2023Q1	lgmk	Total Present Value Of Future Minimum Lease Payments TotalPresentValueOfFutureMinimumLeasePayments	171754	usd
CY2023Q2	us-gaap	Excess Stock Shares Outstanding ExcessStockSharesOutstanding	24406155	shares
CY2022Q1	lgmk	Warrant Modification Expenses WarrantModificationExpenses		usd
CY2022Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense		usd
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	996080	shares
CY2023Q1	us-gaap	Stock Issued During Period Value Conversion Of Convertible Securities StockIssuedDuringPeriodValueConversionOfConvertibleSecurities		usd
CY2022Q1	us-gaap	Payments To Acquire Software PaymentsToAcquireSoftware		usd
CY2022Q1	lgmk	Termination Fee Upon Early Payment Of Term Loan TerminationFeeUponEarlyPaymentOfTermLoan		usd
CY2022Q1	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts		usd
CY2023Q1	lgmk	Accrued Preferred Stock Dividends AccruedPreferredStockDividends		usd
CY2022Q1	lgmk	Conversion Of Series E Preferred Stock To Common Stocks ConversionOfSeriesEPreferredStockToCommonStocks		usd
CY2022Q1	us-gaap	Debt Conversion Converted Instrument Amount1 DebtConversionConvertedInstrumentAmount1		usd
CY2022Q1	us-gaap	Stock Issued1 StockIssued1		usd
CY2022Q1	lgmk	Website Development Included In Accounts Payabl WebsiteDevelopmentIncludedInAccountsPayabl		usd
CY2023Q1	lgmk	Finite Lived Intangible Assets Amortization Expense Rolling Year FiniteLivedIntangibleAssetsAmortizationExpenseRollingYear	2024
CY2023Q1	lgmk	Finite Lived Intangible Assets Amortization Expense Rolling Year One FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearOne	2025
CY2023Q1	lgmk	Finite Lived Intangible Assets Amortization Expense Rolling Years Two _FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearsTwo	2026
CY2023Q1	lgmk	Finite Lived Intangible Assets Amortization Expense Rolling Years Three FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearsThree	2027
CY2023Q1	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent		usd
CY2023Q1	dei	Amendment Flag AmendmentFlag	false
CY2023Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2023Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2023Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001566826

Files In Submission

Name	View Source	Status
FilingSummary.xml	Edgar Link	unprocessable
0001213900-23-039116-index-headers.html	Edgar Link	pending
0001213900-23-039116-index.html	Edgar Link	pending
0001213900-23-039116.txt	Edgar Link	pending
0001213900-23-039116-xbrl.zip	Edgar Link	pending
f10q0323ex31-1_logicmark.htm	Edgar Link	pending
f10q0323ex31-2_logicmark.htm	Edgar Link	pending
f10q0323ex32-1_logicmark.htm	Edgar Link	pending
f10q0323ex32-2_logicmark.htm	Edgar Link	pending
f10q0323_logicmark.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
image_001.jpg	Edgar Link	pending
lgmk-20230331.xsd	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
lgmk-20230331_cal.xml	Edgar Link	unprocessable
lgmk-20230331_def.xml	Edgar Link	unprocessable
lgmk-20230331_lab.xml	Edgar Link	unprocessable
lgmk-20230331_pre.xml	Edgar Link	unprocessable
f10q0323_logicmark_htm.xml	Edgar Link	completed
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$LGMK
LogicMark, Inc. Stock $lgmk

2023 Q2 Form 10-Q Financial Statement

#000121390023039116 Filed on May 12, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LGMK LogicMark, Inc. Stock $lgmk

2023 Q2 Form 10-Q Financial Statement

#000121390023039116 Filed on May 12, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LGMK
LogicMark, Inc. Stock $lgmk