LogicMark, Inc.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $3.6M | $3.8M | $6.4M | $7.0M | $12.0M | $4.4M | $1.6M | $425.2K |
| Accounts Receivable | $5.8K | $4.4K | $13.6K | $402.6K | — | — | — | — |
| Inventory | $1.4M | $1.0M | $1.2M | $1.7M | $1.2M | $767.4K | $1.3M | $870.5K |
| Total Current Assets | $11.6M | $5.3M | $8.0M | $9.5M | $14.4M | $5.9M | $3.4M | $3.4M |
| Property, Plant & Equipment | $113.9K | $112.6K | $203.3K | $255.6K | — | $29.2K | $95.1K | $145.4K |
| Goodwill | $3.1M | $3.1M | $3.1M | $11.0M | $11.0M | $15.5M | $15.5M | $15.5M |
| Intangible Assets (Excl. Goodwill) | — | — | — | — | — | — | — | — |
| Total Assets | $20.3M | $14.2M | $17.0M | $25.6M | $30.1M | $26.9M | $25.0M | $38.1M |
| Liabilities | ||||||||
| Accounts Payable | $564.0K | $750.3K | $901.6K | $673.1K | $492.4K | $2.7M | $2.1M | $1.3M |
| Total Current Liabilities | $1.9M | $2.0M | $2.1M | $2.4M | $1.3M | $6.5M | $5.7M | $5.1M |
| Long-Term Debt | — | — | — | — | — | — | — | $372.7K |
| Total Liabilities | $2.2M | $2.0M | $2.1M | $2.9M | $1.7M | $16.0M | $16.5M | $21.5M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-116.6M | $-109.2M | $-100.2M | $-85.6M | $-78.7M | $-65.4M | $-61.8M | $-50.0M |
| Total Stockholders' Equity | $16.3M | $10.4M | $13.1M | $21.0M | $26.6M | $9.2M | $6.7M | $14.7M |