LogicMark Files 2023 Annual Report on Form 10-K

Ticker: LGMK · Form: 10-K · Filed: Apr 16, 2024 · CIK: 1566826

Logicmark, INC. 10-K Filing Summary
FieldDetail
CompanyLogicmark, INC. (LGMK)
Form Type10-K
Filed DateApr 16, 2024
Risk Levelmedium
Pages15
Reading Time18 min
Key Dollar Amounts$0.0001, $2.92
Sentimentneutral

Sentiment: neutral

Topics: annual-report, 10-k, sec-filing

TL;DR

LogicMark (LGMK) filed its 2023 10-K, confirming it met all reporting requirements. Investors should review for financial details.

AI Summary

LogicMark, Inc. filed its annual report for the fiscal year ended December 31, 2023. The company is registered in Nevada and headquartered in Louisville, KY, with its common stock trading on The Nasdaq Stock Market LLC under the symbol LGMK. This filing confirms LogicMark has met its reporting requirements for the preceding 12 months and the past 90 days.

Why It Matters

This 10-K filing provides a comprehensive overview of LogicMark's financial health and operational status for the past fiscal year, crucial for investors to assess the company's performance and future prospects.

Risk Assessment

Risk Level: medium — As a publicly traded company filing a 10-K, there are inherent risks associated with its financial performance, market conditions, and regulatory compliance.

Key Numbers

Key Players & Entities

FAQ

What is the primary purpose of this Form 10-K filing for LogicMark, Inc.?

The primary purpose is to provide a comprehensive annual report on the company's financial performance and operations for the fiscal year ended December 31, 2023, as required by the Securities Exchange Act of 1934.

Where is LogicMark, Inc. incorporated and where are its principal executive offices located?

LogicMark, Inc. is incorporated in Nevada and its principal executive offices are located at 2801 Diode Lane, Louisville, KY 40299.

On which stock exchange is LogicMark, Inc.'s common stock traded, and what is its trading symbol?

LogicMark, Inc.'s common stock is traded on The Nasdaq Stock Market LLC under the trading symbol LGMK.

Has LogicMark, Inc. met its filing requirements for the preceding 12 months and the past 90 days?

Yes, the filing indicates that LogicMark, Inc. has filed all reports required by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months and has been subject to such filing requirements for the past 90 days.

Does LogicMark, Inc. qualify as a well-known seasoned issuer?

No, the filing indicates 'No' next to the question 'Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.'

Filing Stats: 4,503 words · 18 min read · ~15 pages · Grade level 13.8 · Accepted 2024-04-16 15:42:39

Key Financial Figures

Filing Documents

Business

Business 1 Item 1A. Risk Factors 6 Item 1B. Unresolved Staff Comments 20 Item 1C. Cybersecurity 20 Item 2.

Properties

Properties 21 Item 3. Legal Proceedings 21 Item 4. Mine Safety Disclosures 21 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 22 Item 6. [Reserved] 22 Item 7. Management's Discussion and Analysis if Financial Condition and Results of Operations 22 Item 7A. Quantitative and Qualitative Disclosures about Market Risk 29 Item 8. Financial 29 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 29 Item 9A. Controls and Procedures 29 Item 9B. Other Information 30 Item 9C. Disclosure Regarding Foreign Jurisdictions That Prevent Inspections 30 PART III Item 10. Directors, Executive Officers and Corporate Governance 31 Item 11. Executive Compensation 37 Item 12. Security 41 Item 13. Certain Relationships and Related Transactions, and Director Independence 44 Item 14. Principal Accountant Fees and Services 45 PART IV Item 15. Exhibits and Financial Statement Schedules 46 i CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K (this "Report") contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements discuss matters that are not historical facts. Because they discuss future events or conditions, forward-looking statements may include words such as "anticipate," "believe," "estimate," "intend," "could," "should," "would," "may," "seek," "plan," "might," "will," "expect," "predict," "project," "forecast," "potential," "continue," negatives thereof or similar expressions. These forward-looking statements are found at various places throughout this

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