Issue 003 | U.S. Pilot | US

LGMK

LogicMark, Inc.

Screen state: Passing Source state: Verified 10-Q | 2026-05-15 Filing currency: USD

Open Filing Back to Register Report a correction

Internal NCAV Discount 93.2%

GNNI internal NCAV discount calculation. Market context inputs are retained internally and are not displayed.

Current Assets: 10,028,079USD
Total Liabilities: 1,860,841USD
NCAV: 8,167,238USD
Cash: 2,109,529USD
NCAV per share: 9.08USD/share
Evidence: 10 annual | 23 quarterly

Mary filing review

Financial Statement Evidence

Deterministic observations from the frozen Mary Reason Card. They annotate filing evidence and do not determine screen inclusion.

Evaluated: 12
Triggered: 3
Unavailable: 7

Requires inspection High NCAV Burn since the previous filing 8,167,238

Latest: 8,167,2382026-03-31
Comparison: 9,382,8582025-12-31
Change: -13.0%

Basis: NCAV burn since previous filing >= 10%; previous NCAV must be positive

Source periods: SEC 10-Q 2026-03-31 · 0001213900-26-057450; REPORTED_FILING 10-K 2025-12-31

Requires inspection Negative OCF -1,647,091

Latest: -1,647,0912026-03-31
Comparison: n/a
Change: n/a

Basis: latest reporting-period cash from operations < 0

Source periods: SEC 10-Q 2026-03-31 · 0001213900-26-057450

Supporting observation Current Ratio > 1.5 6.3

Latest: 6.32026-03-31
Comparison: 1.5
Change: n/a

Basis: current assets / current liabilities; strong if > 1.5

Source periods: SEC 10-Q 2026-03-31 · 0001213900-26-057450

7 unavailable checks — inspect missing inputs

High Debt (short-term debt + long-term debt) / ordinary equity >= 50%

Low Debt (short-term debt + long-term debt) / ordinary equity < 20%

Material 1Y Share Increase 1Y share change >= +2% using the same share-count source

NCAV Growing equivalent prior-year NCAV change >= +2%; both NCAV values must be positive

No Material 1Y Share Increase 1Y share change > -2% and <= +1% using the same share-count source

Non-Positive Equity ordinary shareholders equity <= 0

Share Count Reduced 1Y share change <= -2% using the same share-count source

Business Profile

Published only when a substantive filing-text profile has been prepared for this issue.

Not available for this issue.

A substantive filing-text profile was not prepared for this company. Financial statement evidence and filing links remain available above for direct inspection.

Historical values can be viewed as reported in each filing or normalized to the latest verified split basis. These are measurement aids, not conclusions about a company.

Policy: normalize_to_latest_verified_split_basis | quality: verified

Display basis Normalized to latest verified split basis As reported in each filing

Metric	2026-03-31 10-Q Open filing	2025-12-31 10-K Open filing	2025-09-30 10-Q Open filing	2025-06-30 10-Q Open filing	2025-03-31 10-Q Open filing	2024-12-31 10-K Open filing	2024-09-30 10-Q Open filing	2024-06-30 10-Q Open filing	2024-03-31 10-Q Open filing	2023-12-31 10-K Open filing	2023-09-30 10-Q Open filing	2023-06-30 10-Q Open filing	2023-03-31 10-Q Open filing	2022-12-31 10-K Open filing	2022-09-30 10-Q Open filing	2022-06-30 10-Q Open filing	2022-03-31 10-Q Open filing	2021-12-31 10-K Open filing	2021-09-30 10-Q Open filing	2021-06-30 10-Q Open filing	2020-12-31 10-K Open filing	2019-12-31 10-K Open filing	2018-12-31 10-K Open filing	2017-12-31 10-K Open filing	2016-12-31 10-K Open filing
Period-end Shares Outstanding	n/an/a	906,059906,059	768,407768,407	768,407576,305,099	223,146167,359,224	3,1972,397,794	63311,863,537	62,193,587	n/an/a	62,150,412	41,419,017	41,325,017	31,220,308	19,608,937	19,608,937	19,608,937	19,593,378	19,163,039	18,830,239	153,311,898	140,619,974	030,048,854	025,228,072	023,583,593	07,379,924
Weighted-average Basic Shares	906,059906,059	594,946594,946	768,407768,407	733,023549,767,010	24,23518,176,403	847634,970	4267,995,555	62,190,716	62,150,412	41,353,333	41,380,373	31,282,794	3996,080	19,574,090	19,608,937	19,594,746	19,481,963	16,307,907	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a
Weighted-average Diluted Shares	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	31,139,437	62,150,412	41,353,333	31,219,749	31,139,437	1474,099	16,307,907	15,377,465	15,076,636	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a
Basic EPS	-2-2	-13-13	-12-12	-0-0	-0-0	-15-15	-1-1	-2-2	-1-1	-12-12	-5-5	-4-4	-2-2	-1-1	-0-0	-0-0	-0-0	-2-2	-1-1	-1-1	-1-1	n/an/a	n/an/a	n/an/a	n/an/a
Diluted EPS	-2-2	-13-13	-12-12	-0-0	-0-0	-15-15	-1-1	-2-2	-1-1	-12-12	-5-5	-4-4	-2-2	-1-1	-0-0	-0-0	-3-3	-2-2	-1-1	-1-1	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a
Basic-to-Diluted Share Difference	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	-48.0%	0.0%	0.0%	-11.6%	-11.2%	-52.4%	-34.1%	-44.0%	-47.1%	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence
Net Share Count Change	52.3%	17.9%	0.0%	244.4%	6879.7%	405.3%	10716.6%	Insufficient evidence	58.9%	51.5%	7.1%	8.6%	154.0%	0.0%	0.0%	0.2%	4.7%	3.8%	65.6%	31.2%	35.2%	19.1%	7.0%	219.6%	Insufficient evidence
Ownership Claim Change	-34.3%	-15.2%	-0.0%	-71.0%	-98.6%	-80.2%	-99.1%	Insufficient evidence	-37.1%	-34.0%	-6.6%	-7.9%	-60.6%	0.0%	0.0%	-0.2%	-4.5%	-3.6%	-39.6%	-23.8%	-26.0%	-16.0%	-6.5%	-68.7%	Insufficient evidence

Verified split events: reverse 10.0 on 2016-09-01; reverse 10.0 on 2021-10-15; reverse 20.0 on 2023-04-21; reverse 20.0 on 2024-09-30; reverse 25.0 on 2024-11-18; reverse 750.0 on 2025-10-28

Known Unknowns

Medium | Share Count

The current U.S. Pilot does not yet evaluate share-count trends or post-filing dilution beyond Mary's screening flags.

Low | Classification

U.S. Pilot rows are surfaced for source inspection and may still need manual business classification review.

Annual Financials

Latest annual periods, newest first. Missing cells render as n/a.

Metric	2025-12-31 10-K USD	2024-12-31 10-K USD	2023-12-31 10-K USD	2022-12-31 10-K USD	2021-12-31 10-K USD	2020-12-31 10-K USD	2019-12-31 10-K USD	2018-12-31 10-K USD	2017-12-31 10-K USD	2016-12-31 10-K USD
Revenue	11,425,463	9,901,987	9,929,629	11,916,482	10,022,115	11,442,803	17,137,301	17,116,511	23,316,969	33,540
Operating Income	-7,899,292	-7,670,731	-15,328,467	-6,906,492	-7,547,456	-586,078	2,577,791	587,489	-3,638,947	-6,710,088
Net Income	-7,467,427	-9,003,745	-14,550,609	-6,924,965	-11,707,889	-2,864,984	-11,789,455	-7,089,962	-8,264,873	-12,752,928
Cash From Operations	-5,060,338	-4,254,765	-4,315,480	-3,609,287	-5,913,920	-412,959	2,240,122	-50,189	-5,608,651	-950,048
Capex	-71,255	-25,568	-53,429	-282,466	n/a	n/a	n/a	n/a	n/a	n/a
Free Cash Flow	-5,131,593	-4,280,333	-4,368,909	-3,891,753	n/a	n/a	n/a	n/a	n/a	n/a
Cash And Equivalents	3,567,487	3,800,000	6,398,164	6,977,114	12,044,415	4,387,416	1,587,250	1,614,641	5,636,415	3,299,679
Accounts Receivable	5,812	4,355	13,647	402,595	n/a	n/a	n/a	n/a	n/a	n/a
Inventory	1,400,305	1,048,963	1,177,456	1,745,211	1,237,280	767,351	1,303,279	870,513	3,059,517	5,341,500
Total Current Assets	11,598,087	5,336,905	8,049,444	9,534,005	14,439,765	5,894,169	3,364,680	3,397,728	12,000,178	11,247,882
Total Assets	20,306,558	14,221,337	17,017,180	25,641,124	30,123,383	26,948,287	25,048,182	38,055,564	48,242,745	35,392,997
Total Current Liabilities	1,932,330	2,028,832	2,052,822	2,413,542	1,341,716	6,472,966	5,673,087	5,144,260	10,680,412	13,321,405
Total Liabilities	2,215,229	2,028,832	2,104,664	2,853,805	1,726,912	15,981,778	16,526,294	21,511,506	27,305,278	32,574,266
Shareholders Equity	16,284,029	10,385,205	13,105,216	20,980,019	26,589,171	9,159,209	6,714,588	14,736,758	19,130,167	2,818,731
Shares Outstanding	906,059	80,784	6	3	1	1	0	0	0	0
Shares Outstanding Diluted	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Weighted Avg Shares Diluted	594,946	848	4	1	1	0	0	0	0	0
Weighted Avg Shares Basic	594,946	848	4	1	1	0	0	0	0	0
Net Share Count Change (Normalized)	17.9%	405.3%	51.5%	0.0%	3.8%	35.2%	19.1%	7.0%	219.6%	Insufficient evidence
Ownership Claim Change (Normalized)	-15.2%	-80.2%	-34.0%	0.0%	-3.6%	-26.0%	-16.0%	-6.5%	-68.7%	Insufficient evidence

Quarterly Financials

Latest quarterly periods, newest first. Periods are shown only when Data Vault has them.

Metric	2026-03-31 10-Q USD	2025-12-31 10-K USD	2025-12-31 10-K USD	2025-09-30 10-Q USD	2025-06-30 10-Q USD	2025-03-31 10-Q USD	2024-12-31 10-K USD	2024-09-30 10-Q USD	2024-06-30 10-Q USD	2024-03-31 10-Q USD	2023-12-31 10-K USD	2023-12-31 10-K USD	2023-09-30 10-Q USD	2023-06-30 10-Q USD	2023-03-31 10-Q USD	2022-12-31 10-K USD	2022-09-30 10-Q USD	2022-06-30 10-Q USD	2022-03-31 10-Q USD	2021-12-31 10-K USD	2021-12-31 10-K USD	2021-09-30 10-Q USD	2021-06-30 10-Q USD
Revenue	3,214,280	3,065,347	3,065,348	2,915,081	2,853,210	2,591,824	2,249,175	2,705,461	2,336,268	2,611,083	2,425,689	2,425,690	2,367,227	2,326,995	2,809,717	2,146,531	2,751,570	3,367,692	3,650,689	2,417,829	2,417,829	2,383,029	2,782,575
Operating Income	-1,505,367	-1,669,182	-1,666,396	-1,736,364	-2,132,414	-2,364,118	-2,194,602	-1,599,552	-2,070,882	-1,805,695	-9,386,620	-9,386,621	-1,779,589	-2,276,390	-1,885,867	-2,359,810	-2,138,105	-1,125,432	-1,283,145	-6,056,011	-6,056,011	-496,883	-211,672
Net Income	-1,451,407	-1,598,264	-1,598,264	-1,625,505	-2,052,672	-2,190,986	-3,701,540	-1,518,805	-2,038,857	-1,744,543	-9,004,814	-9,004,814	-1,444,476	-2,267,880	-1,833,439	-2,436,029	-2,093,518	-1,112,273	-1,283,145	-6,288,280	-6,288,280	-641,704	-555,748
Cash From Operations	-1,647,091	-1,640,582	-1,640,582	-759,402	-1,008,668	-1,651,686	-993,197	-642,965	-1,527,427	-1,091,176	-723,987	-723,987	-395,581	-1,813,026	-1,382,886	-1,698,627	-1,457,171	-745,936	292,447	-2,623,601	-2,623,601	-1,574,941	-712,612
Capex	-26,801	n/a	n/a	-16,725	7,930	-13,578	-2,367	-6,523	-3,100	-13,578	n/a	n/a	-45,341	n/a	-5,732	-39,848	-69,710	-135,920	-36,988	n/a	n/a	n/a	n/a
Free Cash Flow	-1,673,892	n/a	n/a	-776,127	-1,000,738	-1,665,264	-995,564	-649,488	-1,530,527	-1,104,754	n/a	n/a	-440,922	n/a	-1,388,618	-1,738,475	-1,526,881	-881,856	255,459	n/a	n/a	n/a	n/a
Cash And Equivalents	2,109,529	3,567,487	3,567,487	4,117,556	5,000,000	9,000,000	3,800,000	5,585,835	2,959,815	5,047,449	6,398,164	6,398,164	6,682,997	7,649,730	9,781,799	6,977,114	9,328,504	11,144,085	12,224,887	12,044,415	12,044,415	16,046,625	3,242,925
Total Current Assets	10,028,079	11,598,087	11,598,087	13,521,609	14,492,939	16,486,108	5,336,905	7,007,575	4,424,164	6,781,972	8,049,444	8,049,444	8,571,837	9,313,616	11,319,282	9,534,005	11,771,917	12,858,984	14,337,739	14,439,765	14,439,765	17,981,808	4,920,315
Total Liabilities	1,860,841	2,215,229	2,215,229	2,731,694	2,248,555	2,202,760	2,028,832	1,880,519	1,602,983	2,260,596	2,104,664	2,104,664	2,317,102	1,701,929	1,696,010	2,853,805	2,711,885	1,999,740	2,193,114	1,726,912	1,726,912	4,168,326	6,373,735
Shares Outstanding	899,759	906,059	906,059	906,065	768,407	768,407	3,197	2,465	16	6	2,150,412	6	4	4	3	3	1	1	1	9,163,039	1	1	1
Shares Outstanding Diluted	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Weighted Avg Shares Diluted	906,059	594,946	594,946	768,407	733,023	24,235	634,970	427	6	6	1,353,333	5	4	3	3	1	1	1	1	6,307,907	6,307,907	1	1
Weighted Avg Shares Basic	906,059	594,946	594,946	768,407	733,023	24,235	634,970	427	6	6	1,353,333	5	4	3	3	1	1	1	1	6,307,907	6,307,907	1	1
Net Share Count Change (Normalized)	52.3%	17.9%	17.9%	0.0%	244.4%	6879.7%	405.3%	10716.6%	Insufficient evidence	58.9%	51.5%	51.5%	7.1%	8.6%	154.0%	0.0%	0.0%	0.2%	4.7%	3.8%	3.8%	65.6%	31.2%
Ownership Claim Change (Normalized)	-34.3%	-15.2%	-15.2%	-0.0%	-71.0%	-98.6%	-80.2%	-99.1%	Insufficient evidence	-37.1%	-34.0%	-34.0%	-6.6%	-7.9%	-60.6%	0.0%	0.0%	-0.2%	-4.5%	-3.6%	-3.6%	-39.6%	-23.8%

Audit Trail

NCAV Audit

Official-source inputs remain linked to filing provenance. Derived values are labeled as such.

Input	Value	Source concept	Filing period	Confidence	Provenance
Current Assets	10,028,079USD	us-gaap:AssetsCurrent	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001566826/companyfacts.json Data Vault \| sec/companyfacts/cik=0001566826/companyfacts.json
Total Liabilities	1,860,841USD	us-gaap:Liabilities	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001566826/companyfacts.json Data Vault \| sec/companyfacts/cik=0001566826/companyfacts.json
Cash	2,109,529USD	us-gaap:CashAndCashEquivalentsAtCarryingValue	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001566826/companyfacts.json Data Vault \| sec/companyfacts/cik=0001566826/companyfacts.json
Shares Outstanding	899,759	dei:EntityCommonStockSharesOutstanding	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001566826/companyfacts.json Data Vault \| sec/companyfacts/cik=0001566826/companyfacts.json
NCAV	8,167,238USD	derived	2026-03-31	n/a	company-evidence-v1 \| total_current_assets - total_liabilities
NCAV per share	9.08USD	derived	2026-03-31	n/a	company-evidence-v1 \| NCAV / shares_outstanding
Internal NCAV Discount	93.2%	derived	2026-03-31	n/a	gnni_publication_pack \| internal_discount

NCAV = total_current_assets - total_liabilities | NCAV per share = NCAV / shares_outstanding

Source Provenance

Data Source: Data Vault
Data Vault Root: Local evidence | The Data Vault
CIK: 0001566826
Company ID: n/a
Selected Annual Source: Data Vault | sec/companyfacts/cik=0001566826/companyfacts.json
Selected Quarterly Source: Data Vault | sec/companyfacts/cik=0001566826/companyfacts.json
Statement Extractor: companyfacts-screener-v1
View Extractor: companyfacts-screener-v1
Source Accession Count: 26
Imported At: 2026-08-15T12:52:23+00:00
Rendered At: 2026-08-16T03:29:48+00:00

Run Audit

Mary Run: 8f67c1da7de642feb640d04491409c50
Mary As Of: 2026-07-25
Accession: 0001213900-26-057450
CIK: 0001566826
Mary Filing Date: 2026-05-15
Filing Currency: USD
Internal Discount: 93.2%
Source State: Verified
Market Context: Not Displayed
Market Policy: internal_only_not_redistributed
Share Trend: Not Evaluated
Dilution: Needs Review

mary_run=8f67c1da7de642feb640d04491409c50; mary_as_of=2026-07-25; mary_filing_date=2026-05-15; mary_accession=0001213900-26-057450; mary_cik=0001566826; gnni_supporting_filing_date=2026-05-15; internal_discount=0.932328; mary_reason=Mary's deterministic net-net screen flagged this candidate. The internal discount is shown; raw market-data fields are not published in this pilot.

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