POS AM Filing

LogicMark, Inc. CIK: 1566826

Filing Information

Form Type	POS AM
Accession Number	`0001213900-15-003153`
Period End Date	20141231
Filing Date	20150430
Fiscal Year	N/A
Fiscal Period	N/A
XBRL Instance	nxti-20141231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 36 Cash Flow Statement 71 Stockholders Equity 24

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Accumulated Depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$13.16K	USD	Point-in-time
Accumulated Depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$684.00	USD	Point-in-time
Net of discount of convertible notes payable	`DebtInstrumentCarryingAmount`	-	USD	Point-in-time
Net of discount of convertible notes payable	`DebtInstrumentCarryingAmount`	$26.75K	USD	Point-in-time
Preferred Stock, Par Value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$135.82K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.20M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$303.63K	USD	Point-in-time
Preferred Stock, Par Value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred Stock, Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$28.44K	USD	Point-in-time
Preferred Stock, Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	-	USD	Point-in-time
Inventory	`InventoryNet`	$6.53K	USD	Point-in-time
Preferred Stock, Issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred Stock, Issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Inventory	`InventoryNet`	$359.54K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.31K	USD	Point-in-time
Preferred Stock, Outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$918.20K	USD	Point-in-time
Preferred Stock, Outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$3.51M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$313.47K	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Property and equipment, net of accumulated depreciation of $13,157 and $684	`PropertyPlantAndEquipmentNet`	$156.22K	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $13,157 and $684	`PropertyPlantAndEquipmentNet`	$7.73K	USD	Point-in-time
Common Stock, Authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common Stock, Issued	`CommonStockSharesIssued`	21.94M	shares	Point-in-time
Total Assets	`Assets`	$3.66M	USD	Point-in-time
Common Stock, Issued	`CommonStockSharesIssued`	24.76M	shares	Point-in-time
Total Assets	`Assets`	$321.21K	USD	Point-in-time
Common Stock, Outstanding	`CommonStockSharesOutstanding`	24.76M	shares	Point-in-time
Common Stock, Outstanding	`CommonStockSharesOutstanding`	21.94M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$244.09K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$535.21K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$135.02K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$254.54K	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	-	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$138.60K	USD	Point-in-time
Convertible notes payable, net of discount of $0 and $26,755, respectively	`ConvertibleNotesPayableCurrent`	-	USD	Point-in-time
Convertible notes payable, net of discount of $0 and $26,755, respectively	`ConvertibleNotesPayableCurrent`	$123.25K	USD	Point-in-time
Derivative liability - warrants	`DerivativeLiabilitiesCurrent`	$1.53M	USD	Point-in-time
Derivative liability - warrants	`DerivativeLiabilitiesCurrent`	-	USD	Point-in-time
Conversion feature liability	`EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability`	$118.94K	USD	Point-in-time
Conversion feature liability	`EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability`	-	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.15M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$928.35K	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	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; 24,762,360 and 21,937,822 issued and outstanding, respectively	`CommonStockValue`	$2.48K	USD	Point-in-time
Common stock, $0.0001 par value: 100,000,000 shares authorized; 24,762,360 and 21,937,822 issued and outstanding, respectively	`CommonStockValue`	$2.19K	USD	Point-in-time
Additional paid-in capital (deficit)	`AdditionalPaidInCapital`	$11.56M	USD	Point-in-time
Additional paid-in capital (deficit)	`AdditionalPaidInCapital`	$-80.18K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-8.83M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.75M	USD	Point-in-time
Total Stockholders' Equity (Deficiency)	`StockholdersEquity`	$-1.83M	USD	Point-in-time
Total Stockholders' Equity (Deficiency)	`StockholdersEquity`	$2.74M	USD	Point-in-time
Total Stockholders' Equity (Deficiency)	`StockholdersEquity`	$-6.58K	USD	Point-in-time
Total Liabilities and Stockholders' Equity (Deficiency)	`LiabilitiesAndStockholdersEquity`	$321.21K	USD	Point-in-time
Total Liabilities and Stockholders' Equity (Deficiency)	`LiabilitiesAndStockholdersEquity`	$3.66M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	Annual
Revenues	`Revenues`	-	USD	Annual
Costs of goods sold	`CostOfRevenue`	-	USD	Annual
Costs of goods sold	`CostOfRevenue`	-	USD	Annual
Gross Profit	`GrossProfit`	-	USD	Annual
Gross Profit	`GrossProfit`	-	USD	Annual
General and administrative	`SellingGeneralAndAdministrativeExpense`	$2.43M	USD	Annual
General and administrative	`SellingGeneralAndAdministrativeExpense`	$835.16K	USD	Annual
Selling and marketing	`SellingAndMarketingExpense`	$81.32K	USD	Annual
Selling and marketing	`SellingAndMarketingExpense`	$1.40M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$1.42M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$518.61K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$5.25M	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$1.44M	USD	Annual
Operating Loss	`OperatingIncomeLoss`	$-5.25M	USD	Annual
Operating Loss	`OperatingIncomeLoss`	$-1.44M	USD	Annual
Interest income	`InvestmentIncomeInterest`	-	USD	Annual
Interest income	`InvestmentIncomeInterest`	$1.24K	USD	Annual
Interest expense	`InterestExpense`	$30.74K	USD	Annual
Interest expense	`InterestExpense`	$35.46K	USD	Annual
Inducement expense	`InducementExpense`	-	USD	Annual
Inducement expense	`InducementExpense`	$2.21M	USD	Annual
Unrealized gain (loss) on change in fair value of derivative liabilities	`UnrealizedGainLossOnDerivatives`	$412.76K	USD	Annual
Unrealized gain (loss) on change in fair value of derivative liabilities	`UnrealizedGainLossOnDerivatives`	$-73.97K	USD	Annual
Total Other Expense, Net	`OtherNonoperatingIncomeExpense`	$-1.83M	USD	Annual
Total Other Expense, Net	`OtherNonoperatingIncomeExpense`	$-109.44K	USD	Annual
Loss before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-7.08M	USD	Annual
Loss before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.54M	USD	Annual
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$843.00	USD	Annual
Net Loss	`NetIncomeLoss`	$-1.54M	USD	Annual
Net Loss	`NetIncomeLoss`	$-7.08M	USD	Annual
Net Loss Per Share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.31	USD	Annual
Net Loss Per Share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	Annual
Weighted Average Number of Common Shares Outstanding - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	22.85M	shares	Annual
Weighted Average Number of Common Shares Outstanding - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	21.41M	shares	Annual

Cash Flow Statement 71 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-1.54M	USD	Annual
Net Loss	`NetIncomeLoss`	$-7.08M	USD	Annual
Depreciation	`Depreciation`	$12.47K	USD	Annual
Depreciation	`Depreciation`	$585.00	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$311.24K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$792.81K	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$26.75K	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$18.21K	USD	Annual
Inducement fee	`InducementFee`	$2.21M	USD	Annual
Inducement fee	`InducementFee`	-	USD	Annual
Unrealized (gain) loss on change in fair value of derivative liabilities	`AssetsFairValueAdjustment`	$73.97K	USD	Annual
Unrealized (gain) loss on change in fair value of derivative liabilities	`AssetsFairValueAdjustment`	$-412.76K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$6.53K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$353.01K	USD	Annual
Prepaids expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$910.91K	USD	Annual
Prepaids expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$3.31K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$244.09K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$268.11K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$65.74K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$141.01K	USD	Annual
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$138.60K	USD	Annual
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	-	USD	Annual
Total Adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$704.00K	USD	Annual
Total Adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$1.92M	USD	Annual
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-840.54K	USD	Annual
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.16M	USD	Annual
Restricted cash	`IncreaseDecreaseInRestrictedCash`	-	USD	Annual
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$28.44K	USD	Annual
Purchase of equipment	`EquipmentExpense`	$-137.95K	USD	Annual
Purchase of equipment	`EquipmentExpense`	$-6.44K	USD	Annual
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.44K	USD	Annual
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-166.39K	USD	Annual
Proceeds received in connection with issuance of common stock and warrants, net	`ProceedsReceivedInConnectionWithIssuanceOfCommonStockAndWarrantsNet`	$588.78K	USD	Annual
Proceeds received in connection with issuance of common stock and warrants, net	`ProceedsReceivedInConnectionWithIssuanceOfCommonStockAndWarrantsNet`	$5.75M	USD	Annual
Proceeds received in connection with issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$51.00K	USD	Annual
Proceeds received in connection with issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Proceeds from convertible notes payable	`ProceedsFromConvertibleDebt`	-	USD	Annual
Proceeds from convertible notes payable	`ProceedsFromConvertibleDebt`	$75.00K	USD	Annual
Proceeds received in connection with exercise of warrants	`ProceedsFromWarrantExercises`	$1.47M	USD	Annual
Proceeds received in connection with exercise of warrants	`ProceedsFromWarrantExercises`	$300.00K	USD	Annual
Proceeds received in connection with issuance of warrants	`ProceedsFromIssuanceOfWarrants`	$1.02K	USD	Annual
Proceeds received in connection with issuance of warrants	`ProceedsFromIssuanceOfWarrants`	-	USD	Annual
Proceeds from advances made by officer	`ProceedsFromRelatedPartyDebt`	-	USD	Annual
Proceeds from advances made by officer	`ProceedsFromRelatedPartyDebt`	$64.00K	USD	Annual
Repayments of advances made by officer	`RepaymentsOfRelatedPartyDebt`	-	USD	Annual
Repayments of advances made by officer	`RepaymentsOfRelatedPartyDebt`	$64.00K	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$1.01M	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$7.23M	USD	Annual
Net Increase/(Decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$167.81K	USD	Annual
Net Increase/(Decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.90M	USD	Annual
Cash - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$135.82K	USD	Point-in-time
Cash - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.20M	USD	Point-in-time
Cash - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$303.63K	USD	Point-in-time
Cash - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$135.82K	USD	Point-in-time
Cash - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.20M	USD	Point-in-time
Cash - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$303.63K	USD	Point-in-time
Interest	`InterestPaid`	-	USD	Annual
Interest	`InterestPaid`	-	USD	Annual
Taxes	`IncomeTaxesPaid`	-	USD	Annual
Taxes	`IncomeTaxesPaid`	-	USD	Annual
Recognition of liability in connection with warrant issuance	`RecognitionOfLiabilityInConnectionWithWarrantIssuance`	$3.45M	USD	Annual
Recognition of liability in connection with warrant issuance	`RecognitionOfLiabilityInConnectionWithWarrantIssuance`	-	USD	Annual
Reclassification of warrant liability to additional paid-in capital in connection with warrant modification	`ReclassificationOfWarrantLiabilityToAdditionalPaidInCapitalInConnectionWithWarrantModification`	-	USD	Annual
Reclassification of warrant liability to additional paid-in capital in connection with warrant modification	`ReclassificationOfWarrantLiabilityToAdditionalPaidInCapitalInConnectionWithWarrantModification`	$4.59M	USD	Annual
Issuance of common stock in connection with conversion of note payable and accrued interest	`IssuanceOfCommonStockInConnectionWithConversionOfNotePayableAndAccruedInterest`	$171.49K	USD	Annual
Reclassification of conversion feature liability in connection with note conversion	`ReclassificationOfConversionFeatureLiabilityInConnectionWithNoteConversion`	$98.72K	USD	Annual
Reclassification of conversion feature liability in connection with note conversion	`ReclassificationOfConversionFeatureLiabilityInConnectionWithNoteConversion`	$44.97K	USD	Annual
Retirement of common stock by officers	`RetirementOfCommonStockByOfficers`	$68.00	USD	Annual
Retirement of common stock by officers	`RetirementOfCommonStockByOfficers`	$14.00	USD	Annual
Issuance of warrants in connection with offering (Note 8)	`IssuanceOfWarrantsInConnectionWithOffering`	$1.53M	USD	Annual
Issuance of warrants in connection with offering (Note 8)	`IssuanceOfWarrantsInConnectionWithOffering`	-	USD	Annual

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$-1.83M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$2.74M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-6.58K	USD	Point-in-time
Exercise of common stock purchase warrants	`ExerciseOfCommonStockPurchaseWarrants`	$300.00K	USD	Annual
Exercise of common stock purchase warrants	`ExerciseOfCommonStockPurchaseWarrants`	$1.47M	USD	Annual
Issuance of common stock and warrants for cash, net of fees	`IssuanceOfCommonStockAndWarrantsForCashNetOfFees`	$588.78K	USD	Annual
Issuance of common stock and warrants for cash, net of fees	`IssuanceOfCommonStockAndWarrantsForCashNetOfFees`	$5.76M	USD	Annual
Issuance of common stock for cash, net of fees	`StockIssuedDuringPeriodValueNewIssues`	$51.00K	USD	Annual
Issuance of common stock for services	`StockIssuedDuringPeriodValueIssuedForServices`	$311.24K	USD	Annual
Issuance of common stock for services	`StockIssuedDuringPeriodValueIssuedForServices`	$765.98K	USD	Annual
Issuance of restricted stock to employees	`IssuanceOfRestrictedStockToEmployees`	$26.83K	USD	Annual
Retirement of common stock by officers	`StockRepurchasedAndRetiredDuringPeriodValue`	-	USD	Annual
Retirement of common stock by officers	`StockRepurchasedAndRetiredDuringPeriodValue`	-	USD	Annual
Issuance of warrants in connection with offering (Note 8)	`IssuanceOfWarrantInConnectionWithOffering`	$-1.53M	USD	Annual
Issuance of warrants in connection with offering (Note 8)	`IssuanceOfWarrantInConnectionWithOffering`	$1.53M	USD	Annual
Unrealized gain on change in fair value of derivative liability	`UnrealizedGainOnChangeInFairValueOfDerivativeLiability`	$-412.76K	USD	Annual
Write-off of conversion feature liability	`WriteOffOfConversionFeatureLiability`	$118.94K	USD	Annual
Write-off of CI note and accrued interest	`WriteOffOfNoteAndAccruedInterest`	$171.49K	USD	Annual
Inducement fees	`InducementFees`	$2.21M	USD	Annual
Net Loss	`NetIncomeLoss`	$-1.54M	USD	Annual
Net Loss	`NetIncomeLoss`	$-7.08M	USD	Annual
Ending balance	`StockholdersEquity`	$-1.83M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$2.74M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-6.58K	USD	Point-in-time

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