10-Q Filing

LogicMark, Inc. CIK: 1566826 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0001019687-13-003118`
Period End Date	20130630
Filing Date	20130814
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	nxti-20130630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 52 Cash Flow Statement 42

Balance Sheet 55 line items

Line Item	Tag	Value	Unit	Period
Accumulated Depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$297.00	USD	Point-in-time
Accumulated Depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$99.00	USD	Point-in-time
Cash	`Cash`	$156.82K	USD	Point-in-time
Cash	`Cash`	$135.82K	USD	Point-in-time
Net of discount of convertible notes payable	`DebtInstrumentCarryingAmount`	$43.32K	USD	Point-in-time
Preferred Stock, Par Value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred Stock, Par Value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventory	`InventoryNet`	-	USD	Point-in-time
Inventory	`InventoryNet`	$2.79K	USD	Point-in-time
Preferred Stock, Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$159.61K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$135.82K	USD	Point-in-time
Preferred Stock, Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Property and equipment, net of accumulated depreciation of $297 and $99	`PropertyPlantAndEquipmentNet`	$1.88K	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $297 and $99	`PropertyPlantAndEquipmentNet`	$1.69K	USD	Point-in-time
Preferred Stock, Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock, Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total Assets	`Assets`	$137.70K	USD	Point-in-time
Preferred Stock, Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred Stock, Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total Assets	`Assets`	$161.29K	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$168.80K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	-	USD	Point-in-time
Common Stock, Authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common Stock, Authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$155.39K	USD	Point-in-time
Common Stock, Issued	`CommonStockSharesIssued`	21.44M	shares	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$69.28K	USD	Point-in-time
Common Stock, Issued	`CommonStockSharesIssued`	20.75M	shares	Point-in-time
Common Stock, Outstanding	`CommonStockSharesOutstanding`	21.44M	shares	Point-in-time
Common Stock, Outstanding	`CommonStockSharesOutstanding`	20.75M	shares	Point-in-time
Advances from officer	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Advances from officer	`DueToRelatedPartiesCurrent`	$4.00K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$328.19K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$69.28K	USD	Point-in-time
Convertible notes payable, net of discount of $43,324	`ConvertibleNotesPayable`	$75.00K	USD	Point-in-time
Convertible notes payable, net of discount of $43,324	`ConvertibleNotesPayable`	$106.68K	USD	Point-in-time
Conversion feature liability	`DerivativeLiabilitiesNoncurrent`	$43.32K	USD	Point-in-time
Conversion feature liability	`DerivativeLiabilitiesNoncurrent`	-	USD	Point-in-time
Total Liabilities	`Liabilities`	$478.19K	USD	Point-in-time
Total Liabilities	`Liabilities`	$144.28K	USD	Point-in-time
Preferred stock, $0.0001 par value: 10,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value: 10,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value: 100,000,000 shares authorized; 21,440,600 and 20,752,000 issued and outstanding, respectively	`CommonStockValue`	$2.14K	USD	Point-in-time
Common stock, $0.0001 par value: 100,000,000 shares authorized; 21,440,600 and 20,752,000 issued and outstanding, respectively	`CommonStockValue`	$2.08K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$491.59K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$200.22K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-810.63K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-208.88K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-6.58K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-316.89K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$161.29K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$137.70K	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	2 Qtrs
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	2 Qtrs
Revenues	`Revenues`	-	USD	1 Quarter
Costs of goods sold	`CostOfRevenue`	-	USD	2 Qtrs
Costs of goods sold	`CostOfRevenue`	-	USD	2 Qtrs
Costs of goods sold	`CostOfRevenue`	-	USD	1 Quarter
Costs of goods sold	`CostOfRevenue`	-	USD	1 Quarter
Gross Profit	`GrossProfit`	-	USD	1 Quarter
Gross Profit	`GrossProfit`	-	USD	2 Qtrs
Gross Profit	`GrossProfit`	-	USD	2 Qtrs
Gross Profit	`GrossProfit`	-	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$326.00K	USD	2 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$67.53K	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$50.05K	USD	2 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$50.02K	USD	1 Quarter
Selling	`SellingExpense`	-	USD	2 Qtrs
Selling	`SellingExpense`	$489.00	USD	1 Quarter
Selling	`SellingExpense`	-	USD	1 Quarter
Selling	`SellingExpense`	$5.49K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$84.22K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$52.30K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$52.30K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$262.01K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$102.32K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$102.35K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$152.25K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$593.50K	USD	2 Qtrs
Operating Loss	`OperatingIncomeLoss`	$-593.50K	USD	2 Qtrs
Operating Loss	`OperatingIncomeLoss`	$-102.35K	USD	2 Qtrs
Operating Loss	`OperatingIncomeLoss`	$-152.25K	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-102.32K	USD	1 Quarter
Interest and other expenses, net	`InterestExpense`	$8.25K	USD	2 Qtrs
Interest and other expenses, net	`InterestExpense`	$4.50K	USD	1 Quarter
Interest and other expenses, net	`InterestExpense`	-	USD	1 Quarter
Interest and other expenses, net	`InterestExpense`	-	USD	2 Qtrs
Total Other Expense	`OtherNonoperatingIncomeExpense`	-	USD	2 Qtrs
Total Other Expense	`OtherNonoperatingIncomeExpense`	$-8.25K	USD	2 Qtrs
Total Other Expense	`OtherNonoperatingIncomeExpense`	$-4.50K	USD	1 Quarter
Total Other Expense	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Net Loss Available to Common Stockholders	`NetIncomeLoss`	$-102.35K	USD	2 Qtrs
Net Loss Available to Common Stockholders	`NetIncomeLoss`	$-102.32K	USD	1 Quarter
Net Loss Available to Common Stockholders	`NetIncomeLoss`	$-156.75K	USD	1 Quarter
Net Loss Available to Common Stockholders	`NetIncomeLoss`	$-601.75K	USD	2 Qtrs
Net Loss Per Common Share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net Loss Per Common Share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Net Loss Per Common Share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Net Loss Per Common Share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	2 Qtrs
Weighted Average Number of Common Shares Outstanding - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	20.00M	shares	1 Quarter
Weighted Average Number of Common Shares Outstanding - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	21.11M	shares	2 Qtrs
Weighted Average Number of Common Shares Outstanding - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	20.00M	shares	2 Qtrs
Weighted Average Number of Common Shares Outstanding - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	21.24M	shares	1 Quarter

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-102.35K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-102.32K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-156.75K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-601.75K	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	-	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$198.00	USD	2 Qtrs
Stock- based compensation	`ShareBasedCompensation`	$80.00K	USD	2 Qtrs
Stock- based compensation	`ShareBasedCompensation`	-	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	-	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$2.79K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$219.91K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$100.00K	USD	2 Qtrs
Total Adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$297.31K	USD	2 Qtrs
Total Adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$100.00K	USD	2 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-304.44K	USD	2 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.35K	USD	2 Qtrs
Proceeds received in connection with issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$4.30K	USD	2 Qtrs
Proceeds received in connection with issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$246.44K	USD	2 Qtrs
Proceeds from convertible notes payable	`ProceedsFromConvertibleDebt`	$75.00K	USD	2 Qtrs
Proceeds from convertible notes payable	`ProceedsFromConvertibleDebt`	-	USD	2 Qtrs
Proceeds from advances made by officer	`ProceedsFromRelatedPartyDebt`	-	USD	2 Qtrs
Proceeds from advances made by officer	`ProceedsFromRelatedPartyDebt`	$64.00K	USD	2 Qtrs
Repayments of advances made by officer	`RepaymentsOfRelatedPartyDebt`	$60.00K	USD	2 Qtrs
Repayments of advances made by officer	`RepaymentsOfRelatedPartyDebt`	-	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$4.30K	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$325.44K	USD	2 Qtrs
Net Decrease in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.95K	USD	2 Qtrs
Net Decrease in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$21.00K	USD	2 Qtrs
Cash - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$339.00	USD	Point-in-time
Cash - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.29K	USD	Point-in-time
Cash - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$156.82K	USD	Point-in-time
Cash - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$135.82K	USD	Point-in-time
Cash - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$339.00	USD	Point-in-time
Cash - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.29K	USD	Point-in-time
Cash - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$156.82K	USD	Point-in-time
Cash - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$135.82K	USD	Point-in-time
Interest	`InterestPaid`	-	USD	2 Qtrs
Interest	`InterestPaid`	-	USD	2 Qtrs
Taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Accrual of common shares to be issued for services	`AccrualOfCommonSharesToBeIssuedForServices`	$35.00K	USD	2 Qtrs
Accrual of common shares to be issued for services	`AccrualOfCommonSharesToBeIssuedForServices`	-	USD	2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.