For the quarter ending 2025-09-30, LGMK has $22,373,360 in assets. $2,731,694 in debts.
| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash and cash equivalents | 4,117,556 | 5,013,959 | ||
| Investments | 7,568,066 | 7,965,965 | ||
| Accounts receivable, net | 8,261 | 148,968 | ||
| Inventory | 1,049,133 | 790,183 | ||
| Prepaid expenses and other current assets | 778,593 | 573,864 | ||
| Total current assets | 13,521,609 | 14,492,939 | ||
| Property and equipment, net | 67,161 | 60,761 | ||
| Right-of-use assets, net | 336,622 | 348,843 | ||
| Product development costs, net of amortization of 724,016 and 397,340, respectively | 1,166,823 | 1,180,787 | ||
| Software development costs, net of amortization of 953,030 and 428,803, respectively | 2,532,568 | 2,429,594 | ||
| Goodwill | 3,143,662 | 3,143,662 | ||
| Other intangible assets, net of amortization of 6,999,652 and 6,428,305, respectively | 1,604,915 | 1,795,364 | ||
| Total assets | 22,373,360 | 23,451,950 | ||
| Accounts payable | 657,755 | 619,565 | ||
| Deferred revenue | 501,573 | 400,026 | ||
| Accrued expenses | 1,248,937 | 902,736 | ||
| Total current liabilities | 2,408,265 | 1,922,327 | ||
| Other long-term liabilities | 323,429 | 326,228 | ||
| Total liabilities | 2,731,694 | 2,248,555 | ||
| Series c redeemable preferred stock, par value 0.0001 per share 2,000 shares designated 1 share issued and outstanding as of september 30, 2025 and december 31, 2024, respectively, aggregate liquidation preference of 2,000,000 as of september 30, 2025 and december 31, 2024, respectively-Series CRedeemable Preferred Stock | 1,807,300 | 1,807,300 | ||
| Preferred stock, value-Series FPreferred Stock | 319,000 | 319,000 | ||
| Common stock, par value 0.0001 per share 800,000,000 shares authorized 768,407 and 3,198 issued and outstanding as of september 30, 2025 and december 31, 2024, respectively | 77 | 57,632 | ||
| Additional paid-in capital | 132,549,088 | 132,427,757 | ||
| Accumulated deficit | -115,033,799 | -113,408,294 | ||
| Preferred stock, value | 0 | 0 | ||
| Preferred stock, value-Series HPreferred Stock | 0 | 0 | ||
| Preferred stock, value-Series IPreferred Stock | 0 | 0 | ||
| Total stockholders equity | 17,834,366 | 19,396,095 | ||
| Total liabilities, series c redeemable preferred stock and stockholders equity | 22,373,360 | 23,451,950 | ||
LogicMark, Inc. (LGMK)
LogicMark, Inc. (LGMK)