2023 Q3 Form 10-Q Financial Statement
#000121390023066203 Filed on August 11, 2023
Income Statement
Concept | 2023 Q3 | 2023 Q2 |
---|---|---|
Revenue | $2.367M | $2.327M |
YoY Change | -13.97% | -30.9% |
Cost Of Revenue | $770.0K | $727.3K |
YoY Change | -26.48% | -46.7% |
Gross Profit | $1.597M | $1.600M |
YoY Change | -6.28% | -20.14% |
Gross Profit Margin | 67.47% | 68.75% |
Selling, General & Admin | $2.538M | $2.962M |
YoY Change | -12.71% | 23.89% |
% of Gross Profit | 158.91% | 185.14% |
Research & Development | $242.7K | $250.3K |
YoY Change | -35.25% | 22.32% |
% of Gross Profit | 15.19% | 15.64% |
Depreciation & Amortization | $217.8K | $210.0K |
YoY Change | 3.38% | 7.87% |
% of Gross Profit | 13.63% | 13.13% |
Operating Expenses | $3.377M | $3.876M |
YoY Change | -12.12% | 23.9% |
Operating Profit | -$1.780M | -$2.276M |
YoY Change | -16.77% | 102.27% |
Interest Expense | $88.98K | $10.00K |
YoY Change | 99.55% | -24.01% |
% of Operating Profit | ||
Other Income/Expense, Net | $54.30K | $50.65K |
YoY Change | 21.78% | 284.88% |
Pretax Income | -$1.444M | -$2.268M |
YoY Change | -31.0% | 103.9% |
Income Tax | ||
% Of Pretax Income | ||
Net Earnings | -$1.444M | -$2.268M |
YoY Change | -31.0% | 103.9% |
Net Earnings / Revenue | -61.02% | -97.46% |
Basic Earnings Per Share | -$1.10 | -$1.83 |
Diluted Earnings Per Share | -$1.10 | -$1.83 |
COMMON SHARES | ||
Basic Shares Outstanding | 1.325M shares | 1.288M shares |
Diluted Shares Outstanding | 1.380M shares | 1.283M shares |
Balance Sheet
Concept | 2023 Q3 | 2023 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $6.683M | $7.650M |
YoY Change | -28.36% | -31.35% |
Cash & Equivalents | $6.700M | $7.650M |
Short-Term Investments | ||
Other Short-Term Assets | $740.9K | $660.0K |
YoY Change | -21.97% | -20.82% |
Inventory | $1.136M | $987.2K |
Prepaid Expenses | ||
Receivables | $12.19K | $20.00K |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $8.572M | $9.314M |
YoY Change | -27.18% | -27.57% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $228.5K | $253.5K |
YoY Change | -7.37% | 47.25% |
Goodwill | $10.96M | $10.96M |
YoY Change | 0.0% | 0.0% |
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | ||
YoY Change | ||
Total Long-Term Assets | $16.58M | $16.33M |
YoY Change | 5.03% | 3.92% |
TOTAL ASSETS | ||
Total Short-Term Assets | $8.572M | $9.314M |
Total Long-Term Assets | $16.58M | $16.33M |
Total Assets | $25.15M | $25.64M |
YoY Change | -8.73% | -10.26% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $715.8K | $446.7K |
YoY Change | -46.21% | -43.35% |
Accrued Expenses | $1.211M | $850.0K |
YoY Change | 21.56% | 4.23% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $1.927M | $1.294M |
YoY Change | -19.06% | -21.59% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Other Long-Term Liabilities | $390.3K | $410.0K |
YoY Change | 17.78% | 17.48% |
Total Long-Term Liabilities | $390.3K | $410.0K |
YoY Change | 17.78% | 17.48% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $1.927M | $1.294M |
Total Long-Term Liabilities | $390.3K | $410.0K |
Total Liabilities | $2.317M | $1.702M |
YoY Change | -14.56% | -14.89% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$91.16M | -$89.71M |
YoY Change | 9.59% | 10.65% |
Common Stock | $142.00 | $133.00 |
YoY Change | -85.22% | -86.16% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $21.03M | $22.13M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $25.15M | $25.64M |
YoY Change | -8.73% | -10.26% |
Cashflow Statement
Concept | 2023 Q3 | 2023 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$1.444M | -$2.268M |
YoY Change | -31.0% | 103.9% |
Depreciation, Depletion And Amortization | $217.8K | $210.0K |
YoY Change | 3.38% | 7.87% |
Cash From Operating Activities | -$395.6K | -$1.820M |
YoY Change | -72.85% | 143.99% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $2.370K | $40.00K |
YoY Change | -103.34% | -128.42% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$493.8K | -$350.0K |
YoY Change | 132.37% | 29.98% |
Cash From Investing Activities | -$496.2K | -$400.0K |
YoY Change | 75.06% | -2.44% |
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 | 80.00K |
YoY Change | 0.0% | -206.67% |
NET CHANGE | ||
Cash From Operating Activities | -395.6K | -1.820M |
Cash From Investing Activities | -496.2K | -400.0K |
Cash From Financing Activities | -75.00K | 80.00K |
Net Change In Cash | -966.7K | -2.140M |
YoY Change | -46.75% | 73.85% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$395.6K | -$1.820M |
Capital Expenditures | $2.370K | $40.00K |
Free Cash Flow | -$397.9K | -$1.860M |
YoY Change | -71.29% | 207.33% |
Facts In Submission
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2023-06-30 | ||
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2023 | ||
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001-36616 | ||
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LogicMark, Inc. | ||
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NV | ||
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2801 Diode Lane | ||
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Louisville | ||
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KY | ||
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40299 | ||
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(502) | ||
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Common Stock, par value $0.0001 per share | ||
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Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
75000 | usd |
us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
150000 | usd | |
us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
176144 | usd | |
CY2023Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-2342880 | usd |
CY2022Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-1200417 | usd |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-4251319 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-2571561 | usd | |
CY2023Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.83 | |
CY2022Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-2.5 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-3.73 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-5.39 | ||
CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
1282794 | shares |
CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
479738 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
1139437 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
476934 | shares | |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
23955197 | usd |
CY2023Q2 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
365458 | usd |
CY2023Q2 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
-10772 | usd |
CY2023Q2 | us-gaap |
Stock And Warrants Issued During Period Value Preferred Stock And Warrants
StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants
|
162494 | usd |
CY2023Q2 | lgmk |
Series C Preferred Stock Dividends
SeriesCPreferredStockDividends
|
-75000 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2267880 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
22129497 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
20980019 | usd |
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
792300 | usd | |
lgmk |
Shares Issued As Stock Compensation
SharesIssuedAsStockCompensation
|
2203 | usd | |
lgmk |
Sale Of Common Stock And Warrants Pursuant To A Registration Statement On Form S1
SaleOfCommonStockAndWarrantsPursuantToARegistrationStatementOnFormS1
|
5211428 | usd | |
us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
-816017 | usd | |
us-gaap |
Stock And Warrants Issued During Period Value Preferred Stock And Warrants
StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants
|
162494 | usd | |
lgmk |
Series F Preferred Stock Dividends To Common Stock
SeriesFPreferredStockDividendsToCommonStock
|
48389 | usd | |
lgmk |
Series C Preferred Stock Dividends
SeriesCPreferredStockDividends
|
-150000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-4101319 | usd | |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
22129497 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
25847828 | usd |
CY2022Q2 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
96533 | usd |
CY2022Q2 | lgmk |
Shares Issued As Stock Compensation
SharesIssuedAsStockCompensation
|
17584 | usd |
CY2022Q2 | lgmk |
Series C Preferred Stock Dividends
SeriesCPreferredStockDividends
|
-75000 | usd |
CY2022Q2 | lgmk |
Series F Preferred Stock Dividends To Common Stock
SeriesFPreferredStockDividendsToCommonStock
|
-13144 | usd |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1112273 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
24761528 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
26589171 | usd |
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
608882 | usd | |
lgmk |
Shares Issued As Stock Compensation
SharesIssuedAsStockCompensation
|
135037 | usd | |
lgmk |
Series C Preferred Stock Dividends
SeriesCPreferredStockDividends
|
-150000 | usd | |
lgmk |
Series F Preferred Stock Dividends To Common Stock
SeriesFPreferredStockDividendsToCommonStock
|
-26145 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-2395417 | usd | |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
24761528 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-4101319 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-2395417 | usd | |
us-gaap |
Depreciation
Depreciation
|
50803 | usd | |
us-gaap |
Depreciation
Depreciation
|
770 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
794503 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
743919 | usd | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
380898 | usd | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
388284 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-386186 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
159760 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-757992 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-614387 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
251173 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-75681 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-372865 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
296080 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-840937 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-17433 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-3195912 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-453489 | usd | |
us-gaap |
Noncash Or Part Noncash Acquisition Payables Assumed1
NoncashOrPartNoncashAcquisitionPayablesAssumed1
|
48697 | usd | |
us-gaap |
Noncash Or Part Noncash Acquisition Payables Assumed1
NoncashOrPartNoncashAcquisitionPayablesAssumed1
|
172908 | usd | |
us-gaap |
Payments To Acquire Software
PaymentsToAcquireSoftware
|
400630 | usd | |
us-gaap |
Payments To Acquire Software
PaymentsToAcquireSoftware
|
176285 | usd | |
us-gaap |
Payments To Develop Software
PaymentsToDevelopSoftware
|
90050 | usd | |
us-gaap |
Payments To Develop Software
PaymentsToDevelopSoftware
|
92983 | usd | |
us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
4808 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-539377 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-446984 | usd | |
us-gaap |
Proceeds From Other Equity
ProceedsFromOtherEquity
|
5211428 | usd | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
816017 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
162494 | usd | |
us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
150000 | usd | |
us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
150000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
4407905 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-150000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
672616 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-1050473 | 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 |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
7709718 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
11204073 | usd |
lgmk |
Accrued Preferred Stock Dividends
AccruedPreferredStockDividends
|
26145 | usd | |
lgmk |
Conversion Of Series E Preferred Stock To Common Stocks
ConversionOfSeriesEPreferredStockToCommonStocks
|
201000 | usd | |
us-gaap |
Stock Issued1
StockIssued1
|
48389 | usd | |
lgmk |
Website Development Included In Accounts Payabl
WebsiteDevelopmentIncludedInAccountsPayabl
|
130027 | usd | |
us-gaap |
Noncash Or Part Noncash Acquisition Other Liabilities Assumed1
NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1
|
16478 | usd | |
us-gaap |
Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
|
400000 | usd | |
CY2023Q2 | us-gaap |
Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
|
4100000 | usd |
us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
4100000 | usd | |
CY2023Q2 | lgmk |
Cash And Cash Equivalents
CashAndCashEquivalents
|
7600000 | usd |
CY2023Q2 | lgmk |
Working Capital
WorkingCapital
|
8000000 | usd |
CY2022Q4 | lgmk |
Working Capital
WorkingCapital
|
7100000 | usd |
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; 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> | ||
CY2023Q2 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
7100000 | usd |
CY2022Q4 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
6600000 | usd |
CY2022Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
60000 | usd |
CY2023Q2 | us-gaap |
Restricted Cash
RestrictedCash
|
60000 | usd |
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; 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> | ||
CY2023Q2 | us-gaap |
Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
|
200000 | usd |
us-gaap |
Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
|
400000 | usd | |
CY2022Q2 | us-gaap |
Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
|
200000 | usd |
CY2023Q2 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
800000 | usd |
CY2023Q2 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
200000 | usd |
CY2022Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
600000 | usd |
CY2022Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
1200000 | usd |
CY2023Q2 | us-gaap |
Advances On Inventory Purchases
AdvancesOnInventoryPurchases
|
400000 | usd |
CY2022Q4 | us-gaap |
Advances On Inventory Purchases
AdvancesOnInventoryPurchases
|
10000.00 | usd |
us-gaap |
Dividends Preferred Stock
DividendsPreferredStock
|
150000000 | usd | |
CY2022Q2 | us-gaap |
Dividends Preferred Stock
DividendsPreferredStock
|
75000 | usd |
us-gaap |
Dividends Preferred Stock
DividendsPreferredStock
|
150000000 | 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. | ||
lgmk |
Stock Options To Purchase
StockOptionsToPurchase
|
35928 | shares | |
lgmk |
Stock Options To Purchase
StockOptionsToPurchase
|
18270 | shares | |
CY2023Q2 | us-gaap |
Development Costs
DevelopmentCosts
|
300000 | usd |
us-gaap |
Development Costs
DevelopmentCosts
|
500000 | usd | |
CY2023Q2 | us-gaap |
Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
|
100000 | usd |
us-gaap |
Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
|
100000 | usd | |
us-gaap |
Development Costs
DevelopmentCosts
|
200000 | usd | |
CY2022Q2 | us-gaap |
Development Costs
DevelopmentCosts
|
200000 | usd |
us-gaap |
Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
|
100000 | usd | |
CY2022Q2 | us-gaap |
Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
|
100000 | usd |
us-gaap |
Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
|
600000 | usd | |
CY2022 | us-gaap |
Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
|
300000 | usd |
CY2023Q2 | us-gaap |
Accrued Salaries Current And Noncurrent
AccruedSalariesCurrentAndNoncurrent
|
126732 | usd |
CY2022Q4 | us-gaap |
Accrued Salaries Current And Noncurrent
AccruedSalariesCurrentAndNoncurrent
|
114030 | usd |
CY2023Q2 | lgmk |
Accrued Merchant Bank Fees
AccruedMerchantBankFees
|
15583 | usd |
CY2022Q4 | lgmk |
Accrued Merchant Bank Fees
AccruedMerchantBankFees
|
15062 | usd |
CY2023Q2 | us-gaap |
Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
|
80000 | usd |
CY2022Q4 | us-gaap |
Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
|
25000 | usd |
CY2023Q2 | lgmk |
Accrued Managements Incentives
AccruedManagementsIncentives
|
303800 | usd |
CY2022Q4 | lgmk |
Accrued Managements Incentives
AccruedManagementsIncentives
|
519800 | usd |
CY2023Q2 | lgmk |
Lease Liability
LeaseLiability
|
65875 | usd |
CY2022Q4 | lgmk |
Lease Liability
LeaseLiability
|
69402 | usd |
CY2022Q4 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
48389 | usd |
CY2022Q4 | us-gaap |
Inventory Adjustments
InventoryAdjustments
|
812970 | usd |
CY2023Q2 | us-gaap |
Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
|
255647 | usd |
CY2022Q4 | us-gaap |
Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
|
135837 | usd |
CY2023Q2 | us-gaap |
Financing Receivable Excluding Accrued Interest Revolving Converted To Term Loan
FinancingReceivableExcludingAccruedInterestRevolvingConvertedToTermLoan
|
847637 | usd |
CY2022Q4 | us-gaap |
Financing Receivable Excluding Accrued Interest Revolving Converted To Term Loan
FinancingReceivableExcludingAccruedInterestRevolvingConvertedToTermLoan
|
1740490 | usd |
us-gaap |
Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
|
1 | shares | |
CY2023Q2 | us-gaap |
Preferred Stock Convertible Conversion Price
PreferredStockConvertibleConversionPrice
|
0.0001 | |
CY2023Q2 | us-gaap |
Stock Issued During Period Shares Reverse Stock Splits
StockIssuedDuringPeriodSharesReverseStockSplits
|
40228 | shares |
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 |
CY2023Q2 | us-gaap |
Dividends Preferred Stock
DividendsPreferredStock
|
75000 | usd |
CY2023Q1 | us-gaap |
Shares Issued
SharesIssued
|
68723 | shares |
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. | ||
CY2022Q3 | lgmk |
Monthly Rent Amount
MonthlyRentAmount
|
6400 | usd |
CY2022Q3 | lgmk |
Increasing Annual Rent Percentage
IncreasingAnnualRentPercentage
|
0.03 | pure |
CY2023Q2 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
25300 | usd |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
50700 | usd | |
CY2022Q2 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
25200 | usd |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
49800 | usd | |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
42231 | usd |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
80000 | usd |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
54400 | usd |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
176631 | usd |
CY2023Q2 | lgmk |
Payment With Imputed Interest Premium
PaymentWithImputedInterestPremium
|
23258 | usd |
CY2023Q2 | lgmk |
Total Present Value Of Future Minimum Lease Payments
TotalPresentValueOfFutureMinimumLeasePayments
|
153373 | usd |
CY2022Q2 | us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
usd | |
us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
usd | ||
CY2023Q2 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
usd | |
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
usd | ||
us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
usd | ||
us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
usd | ||
us-gaap |
Proceeds From Other Equity
ProceedsFromOtherEquity
|
usd | ||
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
usd | ||
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
usd | ||
lgmk |
Accrued Preferred Stock Dividends
AccruedPreferredStockDividends
|
usd | ||
lgmk |
Conversion Of Series E Preferred Stock To Common Stocks
ConversionOfSeriesEPreferredStockToCommonStocks
|
usd | ||
us-gaap |
Stock Issued1
StockIssued1
|
usd | ||
lgmk |
Website Development Included In Accounts Payabl
WebsiteDevelopmentIncludedInAccountsPayabl
|
usd | ||
us-gaap |
Noncash Or Part Noncash Acquisition Other Liabilities Assumed1
NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1
|
usd | ||
CY2023Q2 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
usd | |
CY2023Q2 | us-gaap |
Inventory Adjustments
InventoryAdjustments
|
usd | |
us-gaap |
Stock Issued During Period Shares Share Based Compensation Forfeited
StockIssuedDuringPeriodSharesShareBasedCompensationForfeited
|
shares | ||
us-gaap |
Stock Issued During Period Shares Share Based Compensation Forfeited
StockIssuedDuringPeriodSharesShareBasedCompensationForfeited
|
shares | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001566826 |