2024 Q4 Form 10-Q Financial Statement
#000121390024098481 Filed on November 14, 2024
Income Statement
Concept | 2024 Q4 | 2024 Q3 | 2023 Q3 |
---|---|---|---|
Revenue | $2.705M | $2.367M | |
YoY Change | 14.29% | -13.97% | |
Cost Of Revenue | $903.8K | $770.0K | |
YoY Change | 17.39% | -26.48% | |
Gross Profit | $1.802M | $1.597M | |
YoY Change | 12.79% | -6.28% | |
Gross Profit Margin | 66.59% | 67.47% | |
Selling, General & Admin | $2.327M | $2.538M | |
YoY Change | -8.33% | -12.71% | |
% of Gross Profit | 129.15% | 158.91% | |
Research & Development | $96.65K | $242.7K | |
YoY Change | -60.18% | -35.25% | |
% of Gross Profit | 5.36% | 15.19% | |
Depreciation & Amortization | $402.8K | $217.8K | |
YoY Change | 84.97% | 3.38% | |
% of Gross Profit | 22.36% | 13.63% | |
Operating Expenses | $3.401M | $3.377M | |
YoY Change | 0.72% | -12.12% | |
Operating Profit | -$1.600M | -$1.780M | |
YoY Change | -10.12% | -16.77% | |
Interest Expense | $41.11K | $88.98K | |
YoY Change | -53.8% | 99.55% | |
% of Operating Profit | |||
Other Income/Expense, Net | $101.0K | $54.30K | |
YoY Change | 86.04% | 21.78% | |
Pretax Income | -$1.519M | -$1.444M | |
YoY Change | 5.15% | -31.0% | |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$1.519M | -$1.444M | |
YoY Change | 5.15% | -31.0% | |
Net Earnings / Revenue | -56.14% | -61.02% | |
Basic Earnings Per Share | -$0.20 | -$1.10 | |
Diluted Earnings Per Share | -$0.20 | -$1.10 | |
COMMON SHARES | |||
Basic Shares Outstanding | 46.22M shares | 6.065M shares | 1.325M shares |
Diluted Shares Outstanding | 7.996M shares | 1.380M shares |
Balance Sheet
Concept | 2024 Q4 | 2024 Q3 | 2023 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $5.586M | $6.683M | |
YoY Change | -16.42% | -28.36% | |
Cash & Equivalents | $5.600M | $6.700M | |
Short-Term Investments | |||
Other Short-Term Assets | $486.5K | $740.9K | |
YoY Change | -34.33% | -21.97% | |
Inventory | $800.0K | $1.136M | |
Prepaid Expenses | $300.0K | ||
Receivables | $116.5K | $12.19K | |
Other Receivables | $0.00 | $0.00 | |
Total Short-Term Assets | $7.008M | $8.572M | |
YoY Change | -18.25% | -27.18% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $139.3K | $228.5K | |
YoY Change | -39.05% | -7.37% | |
Goodwill | $3.144M | $10.96M | |
YoY Change | -71.31% | 0.0% | |
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $9.035M | $16.58M | |
YoY Change | -45.51% | 5.03% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $7.008M | $8.572M | |
Total Long-Term Assets | $9.035M | $16.58M | |
Total Assets | $16.04M | $25.15M | |
YoY Change | -36.22% | -8.73% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $549.1K | $715.8K | |
YoY Change | -23.29% | -46.21% | |
Accrued Expenses | $1.181M | $1.211M | |
YoY Change | -2.45% | 21.56% | |
Deferred Revenue | $150.0K | ||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $1.881M | $1.927M | |
YoY Change | -2.4% | -19.06% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | |
YoY Change | |||
Other Long-Term Liabilities | $390.3K | ||
YoY Change | 17.78% | ||
Total Long-Term Liabilities | $0.00 | $390.3K | |
YoY Change | -100.0% | 17.78% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $1.881M | $1.927M | |
Total Long-Term Liabilities | $0.00 | $390.3K | |
Total Liabilities | $1.881M | $2.317M | |
YoY Change | -18.84% | -14.56% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$105.5M | -$91.16M | |
YoY Change | 15.7% | 9.59% | |
Common Stock | $1.187K | $142.00 | |
YoY Change | 735.92% | -85.22% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $12.35M | $21.03M | |
YoY Change | |||
Total Liabilities & Shareholders Equity | $16.04M | $25.15M | |
YoY Change | -36.22% | -8.73% |
Cashflow Statement
Concept | 2024 Q4 | 2024 Q3 | 2023 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$1.519M | -$1.444M | |
YoY Change | 5.15% | -31.0% | |
Depreciation, Depletion And Amortization | $402.8K | $217.8K | |
YoY Change | 84.97% | 3.38% | |
Cash From Operating Activities | -$643.0K | -$395.6K | |
YoY Change | 62.54% | -72.85% | |
INVESTING ACTIVITIES | |||
Capital Expenditures | $6.520K | $2.370K | |
YoY Change | 175.11% | -103.34% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$476.0K | -$493.8K | |
YoY Change | -3.6% | 132.37% | |
Cash From Investing Activities | -$482.5K | -$496.2K | |
YoY Change | -2.75% | 75.06% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 3.752M | -75.00K | |
YoY Change | -5102.01% | 0.0% | |
NET CHANGE | |||
Cash From Operating Activities | -643.0K | -395.6K | |
Cash From Investing Activities | -482.5K | -496.2K | |
Cash From Financing Activities | 3.752M | -75.00K | |
Net Change In Cash | 2.626M | -966.7K | |
YoY Change | -371.64% | -46.75% | |
FREE CASH FLOW | |||
Cash From Operating Activities | -$643.0K | -$395.6K | |
Capital Expenditures | $6.520K | $2.370K | |
Free Cash Flow | -$649.5K | -$397.9K | |
YoY Change | 63.21% | -71.29% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
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us-gaap |
Net Income Loss
NetIncomeLoss
|
-5545795 | usd | |
CY2024Q3 | us-gaap |
Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
|
75000 | usd |
CY2023Q3 | us-gaap |
Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
|
75000 | usd |
us-gaap |
Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
|
225000 | usd | |
us-gaap |
Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
|
225000 | usd | |
CY2024Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-1593805 | usd |
CY2023Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-1519476 | usd |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-5527205 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-5770795 | usd | |
CY2024Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.2 | |
CY2024Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.2 | |
CY2023Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.1 | |
CY2023Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.1 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.34 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.34 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-4.73 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-4.73 | ||
CY2024Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
7995555 | shares |
CY2024Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
7995555 | shares |
CY2023Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
1380373 | shares |
CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
1380373 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
4112228 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
4112228 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
1219749 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
1219749 | shares | |
CY2024Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
9964497 | usd |
CY2024Q3 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
|
411895 | usd |
CY2024Q3 | us-gaap |
Stock And Warrants Issued During Period Value Preferred Stock And Warrants
StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants
|
8220 | usd |
CY2024Q3 | lgmk |
Sale Of Common Stock And Warrants Pursuantt To A Registration Statement On Form S1
SaleOfCommonStockAndWarrantsPursuanttToARegistrationStatementOnFormS1
|
4492198 | usd |
CY2024Q3 | lgmk |
Adjustments To Additional Paid In Capital Fees Incurred In Connection With Equity Offerings
AdjustmentsToAdditionalPaidInCapitalFeesIncurredInConnectionWithEquityOfferings
|
-928529 | usd |
CY2024Q3 | us-gaap |
Adjustments To Additional Paid In Capital Increase In Carrying Amount Of Redeemable Preferred Stock
AdjustmentsToAdditionalPaidInCapitalIncreaseInCarryingAmountOfRedeemablePreferredStock
|
75000 | usd |
CY2024Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1518805 | usd |
CY2024Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
12354476 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
13105216 | usd |
us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
1235207 | usd | |
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
5775 | usd | |
lgmk |
Stock Issued During Period Value Common Stock Withheld To Pay Taxes
StockIssuedDuringPeriodValueCommonStockWithheldToPayTaxes
|
-4235 | usd | |
us-gaap |
Stock And Warrants Issued During Period Value Preferred Stock And Warrants
StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants
|
8220 | usd | |
lgmk |
Sale Of Common Stock And Warrants Pursuantt To A Registration Statement On Form S1
SaleOfCommonStockAndWarrantsPursuanttToARegistrationStatementOnFormS1
|
4492198 | usd | |
lgmk |
Adjustments To Additional Paid In Capital Fees Incurred In Connection With Equity Offerings
AdjustmentsToAdditionalPaidInCapitalFeesIncurredInConnectionWithEquityOfferings
|
-960700 | usd | |
us-gaap |
Adjustments To Additional Paid In Capital Increase In Carrying Amount Of Redeemable Preferred Stock
AdjustmentsToAdditionalPaidInCapitalIncreaseInCarryingAmountOfRedeemablePreferredStock
|
225000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-5302205 | usd | |
CY2024Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
12354476 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
22129497 | usd |
CY2023Q3 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
|
406097 | usd |
CY2023Q3 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
11679 | usd |
CY2023Q3 | us-gaap |
Adjustments To Additional Paid In Capital Increase In Carrying Amount Of Redeemable Preferred Stock
AdjustmentsToAdditionalPaidInCapitalIncreaseInCarryingAmountOfRedeemablePreferredStock
|
75000 | usd |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1444476 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
21027797 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
20980019 | usd |
us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
|
1198397 | usd | |
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
13882 | usd | |
lgmk |
Sale Of Common Stock And Warrants Pursuantt To A Registration Statement On Form S1
SaleOfCommonStockAndWarrantsPursuanttToARegistrationStatementOnFormS1
|
5211428 | usd | |
lgmk |
Adjustments To Additional Paid In Capital Fees Incurred In Connection With Equity Offerings
AdjustmentsToAdditionalPaidInCapitalFeesIncurredInConnectionWithEquityOfferings
|
-816017 | usd | |
us-gaap |
Stock And Warrants Issued During Period Value Preferred Stock And Warrants
StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants
|
162494 | usd | |
us-gaap |
Stock Issued During Period Value Stock Dividend
StockIssuedDuringPeriodValueStockDividend
|
48389 | usd | |
us-gaap |
Adjustments To Additional Paid In Capital Increase In Carrying Amount Of Redeemable Preferred Stock
AdjustmentsToAdditionalPaidInCapitalIncreaseInCarryingAmountOfRedeemablePreferredStock
|
225000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-5545795 | usd | |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
21027797 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-5302205 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-5545795 | usd | |
us-gaap |
Depreciation
Depreciation
|
85590 | usd | |
us-gaap |
Depreciation
Depreciation
|
78121 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1240982 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1212279 | usd | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
571347 | usd | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
571347 | usd | |
lgmk |
Amortization Of Product Development Costs
AmortizationOfProductDevelopmentCosts
|
221207 | usd | |
lgmk |
Amortization Of Software Development Costs
AmortizationOfSoftwareDevelopmentCosts
|
248203 | usd | |
us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
-1654 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
102886 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-390401 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-358739 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-609425 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
26313 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
331776 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-644091 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-83040 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-63802 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-492455 | usd | |
us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
150007 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-3261568 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-3591493 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
23201 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
51073 | usd | |
lgmk |
Payment To Product Development
PaymentToProductDevelopment
|
339402 | usd | |
lgmk |
Payment To Product Development
PaymentToProductDevelopment
|
400895 | usd | |
us-gaap |
Payments To Develop Software
PaymentsToDevelopSoftware
|
686761 | usd | |
us-gaap |
Payments To Develop Software
PaymentsToDevelopSoftware
|
583561 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1049364 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1035529 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
4492198 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
5211428 | usd | |
lgmk |
Fees Paid In Connection With Equity Offerings
FeesPaidInConnectionWithEquityOfferings
|
772580 | usd | |
lgmk |
Fees Paid In Connection With Equity Offerings
FeesPaidInConnectionWithEquityOfferings
|
816017 | usd | |
lgmk |
Common Stock Withheld To Pay Taxes
CommonStockWithheldToPayTaxes
|
4235 | usd | |
us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
8220 | usd | |
us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
162494 | usd | |
us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
225000 | usd | |
us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
225000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
3498603 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
4332905 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-812329 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-294117 | usd | |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
6398164 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
7037102 | usd |
CY2024Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
5585835 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
6742985 | usd |
us-gaap |
Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
|
201000 | usd | |
us-gaap |
Stock Issued1
StockIssued1
|
48389 | usd | |
lgmk |
Fees In Connection With Deferred Offering Costs Included In Accounts Payable And Accrued Expenses
FeesInConnectionWithDeferredOfferingCostsIncludedInAccountsPayableAndAccruedExpenses
|
188120 | usd | |
lgmk |
Product Development Costs Included In Accounts Payable And Accrued Expenses
ProductDevelopmentCostsIncludedInAccountsPayableAndAccruedExpenses
|
104243 | usd | |
lgmk |
Product Development Costs Included In Accounts Payable And Accrued Expenses
ProductDevelopmentCostsIncludedInAccountsPayableAndAccruedExpenses
|
69595 | usd | |
lgmk |
Software Development Costs Included In Accounts Payable
SoftwareDevelopmentCostsIncludedInAccountsPayable
|
89379 | usd | |
lgmk |
Software Development Costs Included In Accounts Payable
SoftwareDevelopmentCostsIncludedInAccountsPayable
|
71231 | usd | |
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Document Quarterly Report
DocumentQuarterlyReport
|
true | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2024-09-30 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2024 | ||
dei |
Document Transition Report
DocumentTransitionReport
|
false | ||
dei |
Entity File Number
EntityFileNumber
|
001-36616 | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
LogicMark, Inc. | ||
dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
NV | ||
dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
46-0678374 | ||
dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
2801 Diode Lane | ||
dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
Louisville | ||
dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
KY | ||
dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
40299 | ||
dei |
City Area Code
CityAreaCode
|
(502) | ||
dei |
Local Phone Number
LocalPhoneNumber
|
442-7911 | ||
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-5500000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-5300000 | usd | |
CY2024Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
5600000 | usd |
CY2024Q3 | lgmk |
Working Capital
WorkingCapital
|
5100000 | usd |
CY2024Q3 | us-gaap |
Retained Earnings Appropriated
RetainedEarningsAppropriated
|
105500000 | usd |
CY2023Q4 | lgmk |
Working Capital
WorkingCapital
|
6000000 | usd |
CY2023Q4 | us-gaap |
Retained Earnings Appropriated
RetainedEarningsAppropriated
|
100200000 | usd |
CY2024Q3 | us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
4500000 | 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> | ||
CY2024Q3 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
4300000 | usd |
CY2023Q4 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
4700000 | 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><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> | ||
CY2024Q3 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
100000 | usd |
us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
200000 | usd | |
CY2023Q3 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
100000 | usd |
us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
300000 | usd | |
CY2024Q3 | us-gaap |
Inventory Net
InventoryNet
|
800000 | usd |
CY2023Q4 | us-gaap |
Inventory Net
InventoryNet
|
1200000 | usd |
CY2024Q3 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
300000 | usd |
CY2023Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
300000 | usd |
CY2024Q3 | us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
200000 | usd |
us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
600000 | usd | |
CY2023Q3 | us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
200000 | usd |
us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
600000 | usd | |
CY2024Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
|
200000 | usd |
CY2024Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
800000 | usd |
CY2024Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
600000 | usd |
CY2024Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
300000 | usd |
CY2024Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
100000 | usd |
CY2024Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
|
400000 | usd |
CY2024Q3 | lgmk |
Capitalized Product Development Cost
CapitalizedProductDevelopmentCost
|
200000 | usd |
CY2024Q3 | lgmk |
Capitalized Software Development Costs
CapitalizedSoftwareDevelopmentCosts
|
300000 | usd |
lgmk |
Capitalized Product Development Cost
CapitalizedProductDevelopmentCost
|
400000 | usd | |
lgmk |
Capitalized Software Development Costs
CapitalizedSoftwareDevelopmentCosts
|
800000 | usd | |
lgmk |
Capitalized Product Development Cost
CapitalizedProductDevelopmentCost
|
500000 | usd | |
CY2023Q3 | lgmk |
Capitalized Software Development Costs
CapitalizedSoftwareDevelopmentCosts
|
500000 | usd |
lgmk |
Capitalized Software Development Costs
CapitalizedSoftwareDevelopmentCosts
|
700000 | usd | |
CY2024Q3 | us-gaap |
Accrued Salaries Current
AccruedSalariesCurrent
|
260422 | usd |
CY2023Q4 | us-gaap |
Accrued Salaries Current
AccruedSalariesCurrent
|
167930 | usd |
CY2024Q3 | lgmk |
Accrued Merchant Bank Fees Current
AccruedMerchantBankFeesCurrent
|
23018 | usd |
CY2023Q4 | lgmk |
Accrued Merchant Bank Fees Current
AccruedMerchantBankFeesCurrent
|
14983 | usd |
CY2024Q3 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
44611 | usd |
CY2023Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
83532 | usd |
CY2024Q3 | lgmk |
Accured Management Incentives Current
AccuredManagementIncentivesCurrent
|
319216 | usd |
CY2023Q4 | lgmk |
Accured Management Incentives Current
AccuredManagementIncentivesCurrent
|
503800 | usd |
CY2024Q3 | lgmk |
Lease Liability Current
LeaseLiabilityCurrent
|
70158 | usd |
CY2023Q4 | lgmk |
Lease Liability Current
LeaseLiabilityCurrent
|
68321 | usd |
CY2024Q3 | us-gaap |
Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
|
75890 | usd |
CY2023Q4 | us-gaap |
Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
|
109000 | usd |
CY2024Q3 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
388071 | usd |
CY2023Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
203632 | usd |
CY2024Q3 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
1181386 | usd |
CY2023Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
1151198 | usd |
CY2024Q3 | us-gaap |
Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
|
1449916 | shares |
CY2024Q3 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
0.4654 | |
CY2024Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
1449916 | shares |
CY2024Q3 | lgmk |
Prefunded Units
PrefundedUnits
|
8220084 | shares |
CY2024Q3 | us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
4500000 | usd |
CY2024Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
|
8220084 | shares |
CY2024Q3 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
0.1593 | |
lgmk |
Percentage Of Voting Stock
PercentageOfVotingStock
|
0.50 | pure | |
us-gaap |
Preferred Stock Voting Rights
PreferredStockVotingRights
|
one | ||
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
|
2000 | shares | |
CY2024Q3 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
1.04 | |
lgmk |
Share Based Compensation Arrangement By Share Based Payment Award Options Fully Vested Number Of Shares
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsFullyVestedNumberOfShares
|
164564 | shares | |
CY2024Q3 | us-gaap |
Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
|
P5Y | |
us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
300000 | usd | |
lgmk |
Monthly Rent Amount
MonthlyRentAmount
|
6600 | usd | |
lgmk |
Increasing Annual Rent Percentage
IncreasingAnnualRentPercentage
|
0.03 | pure | |
CY2024Q3 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
19200 | usd |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
57600 | usd | |
CY2023Q3 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
25400 | usd |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
76200 | usd | |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
20400 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
54400 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
74800 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
4642 | usd |
CY2024Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
70158 | usd |
CY2024Q3 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
65758 | usd |
CY2024Q3 | us-gaap |
Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
|
70158 | usd |
CY2024Q3 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P0Y11M1D | |
CY2024Q3 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.13 | pure |
CY2024Q3 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false | |
CY2024Q3 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
CY2024Q3 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2024Q3 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2023Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
usd | |
CY2024Q3 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
usd | |
CY2024Q3 | lgmk |
Stock Issued During Period Value Cancellation Of Common Stock
StockIssuedDuringPeriodValueCancellationOfCommonStock
|
usd | |
lgmk |
Stock Issued During Period Value Cancellation Of Common Stock
StockIssuedDuringPeriodValueCancellationOfCommonStock
|
usd | ||
lgmk |
Stock Issued During Period Value Fractional Shares Issued In The Stock Split
StockIssuedDuringPeriodValueFractionalSharesIssuedInTheStockSplit
|
usd | ||
us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
usd | ||
lgmk |
Amortization Of Product Development Costs
AmortizationOfProductDevelopmentCosts
|
usd | ||
lgmk |
Amortization Of Software Development Costs
AmortizationOfSoftwareDevelopmentCosts
|
usd | ||
us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
usd | ||
us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
usd | ||
lgmk |
Common Stock Withheld To Pay Taxes
CommonStockWithheldToPayTaxes
|
usd | ||
us-gaap |
Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
|
usd | ||
us-gaap |
Stock Issued1
StockIssued1
|
usd | ||
lgmk |
Fees In Connection With Deferred Offering Costs Included In Accounts Payable And Accrued Expenses
FeesInConnectionWithDeferredOfferingCostsIncludedInAccountsPayableAndAccruedExpenses
|
usd | ||
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 |