OTC: LGMK

2.
Shift to At-Home Care. As it stands, the current healthcare system is unprepared for the human resource strain and is shifting much of the care elderly patients used to receive at a hospital, medical or assisted living facility to the patient’s home. The rise of digital communication to support remote care increased dramatically during the COVID-19 pandemic. The need for connected and remote monitoring devices is more necessary and in-demand than ever before.

3.
Rise of Data and IoT. Doctors and clinicians are asking patients to track more and more vital signs. Whether it’s how they’re reacting to medication or tracking blood sugar, patients and their caregivers are participating in their healthcare in unprecedented ways. Consumers are using data collected from connected devices like never before. This data can be used to prevent health emergencies as technology companies use machine learning (“ML”) / artificial intelligence (“AI”) to learn patient patterns and alert the patient and their care team of potential emergencies, leading to a switch from reacting to problems after they occur to predicting potential problems before they occur.

4.

Lack of Healthcare Workers. It’s
estimated that 20% of healthcare workers quit during the COVID-19 pandemic. Many healthcare workers who were working during the COVID-19
pandemic suffered from burnout, exhaustion and demoralization due to the COVID-19 pandemic. There were not enough healthcare workers to
support our entire population throughout the pandemic, let alone enough to support our elderly

population. The responsibility of taking care
of elderly family members is increasingly falling on the family, and they need help.

5.
Rise of the Care Economy. The term “Care Economy” refers to the money people contribute to care for people until the end of their lives; the Care Economy offsets the deficiencies within the healthcare system and the desire to age in place. There has been little innovation in the industry because the majority of PERS are operated by home security companies. It is not their main line of business, and they have little expertise in developing or launching machine-learning algorithms or artificial intelligence.

Together, we believe these trends have produced
a large and growing market opportunity for LogicMark. The Company enjoys a strong base of business with the VHA and plans to expand to
other government agencies after being awarded the five-year GSA Agreement in July 2021, which is renewable for up to 25 years.

1

The PERS Opportunity

PERS, also known as a medical alert or medical
alarm system, is designed to detect a threat that requires attention and then immediately contacts a trusted caregiver and/or the emergency
medical workforce. Unlike conventional alarm systems which consist of a transmitter and are activated in the case of an emergency, PERS
transmits signals to an alarm monitoring medical team, which then departs for the location where the alarm was activated. These types
of medical alarms are traditionally utilized by the disabled, elderly or those living alone.

The PERS market is generally divided into direct-to-consumer
and healthcare customer channels. With the advent of new technologies, demographic changes, and our five previously stated trends in healthcare,
an expanded opportunity exists for LogicMark to provide at-home and on-the-go health and safety solutions to both customer channels.

For LogicMark, growing the healthcare opportunity
relies on partnering with organizations such as government, Medicaid, hospitals, insurance companies, managed care organizations, affiliates
and dealers. Partners can provide leads at no cost for new and replacement customers, have significant buying power and can provide collaboration
on product research and development.

Our longstanding partnership with the VHA is a
good example. LogicMark has sold over 900,000 PERS devices since 2012, of which over 700,000 devices have been sold to the U.S. government.
The signing of the GSA Agreement in 2021 further strengthened our partnership with the government and expanded our ability to capture
new sales. We envision a continued focus on growing the healthcare channel during 2026.

In addition to the healthcare channel and growth
in sales volume through its direct-to-consumers channel, LogicMark also expects to focus on continued growth in sales volume through its
dealers and resellers channel. It is estimated that approximately 30% of PERS customers fall into the business-to-business category. The
business-to-business channel will be focused on healthcare facilities, assisted living providers, etc.

Data driven solutions using AI and ML are expected
to help guide the growth of the PERS industry. In the healthcare, direct-to-consumer and business-to-business channels, product offerings
can include 24/7 emergency response, fall detection, location tracking and geo-fencing, activity monitoring, medication management, caregiver
and patient portals, concierge services, telehealth, vitals monitoring, and customer dashboards. These product offerings are primarily
delivered via mobile and home-base equipment. LogicMark will also continue to pursue research and development partnerships to grow our
product offering.

Our PERS Products

LogicMark produces a range of products within
the PERS market as a result of the Company’s 2016 acquisition of LogicMark, LLC, the former wholly owned subsidiary of the Company
and now a division of the Company. Historically, the Company has differentiated itself by offering “no monthly fee” products,
which only require a one-time purchase expense, instead of a contract with recurring monthly charges.

The “no monthly fee” products contact
family, friends or 911 directly, eliminating the recurring monthly fee from a monitoring center, making it one of the most cost-effective
options on the market. LogicMark offers both traditional (i.e., landline), mPERS (i.e., cell-based), and Internet (i.e., Wi-Fi-based)
solutions. Our no monthly fee products are sold primarily to the VHA.

2

PRODUCT
FEATURES

GUARDIAN ALERT 911 PLUS

● Two-way
voice communication pendant

● Fall
detection

● Mobile
device

● Small form factor

● 911
direct dial

● 4G
cellular connection; no Wi-Fi or landline necessary

● Can
be used on the go

● 6–12
month rechargeable battery life and 24-48 hour battery life

● IP-67
Water-Resistant

● Splash-Resistant
for shower and bath

● No
monthly fee or service agreement

FREEDOM ALERT

● Two-way
voice via pendant

● Dial
friends, family, and caregivers

● 911
forwarding

● In-Home
device; Landline necessary

● IP-67
Water-Resistant

● Splash-Resistant
for shower and bath

● Coverage
up to 600ft from base

● 4 month pendant battery life & 24 hour Emergency Back-Up Base Battery

● No
monthly fee or service arrangement

In the past, LogicMark has offered monitored products
that were exclusively sold to consumers by resellers. LogicMark sold these devices to resellers, who in turn offered the monitoring component
to their consumers as part of their product and service offerings. The resellers would own the device and then lease the PERS product
to the consumer. The resellers would charge the consumers a monthly monitoring fee for the lease of the PERS equipment and associated
monitoring service. These products were monitored by a third-party central station. During 2023, the Company began selling the LifeSentry
Monitored PERS products direct-to-consumers through the Company’s website. In addition, the Company began selling the Freedom Alert
Mini in the last quarter of 2023 whereby the Company would lease the PERS equipment and charge a monthly fee for monitoring services.
In late 2024, the Company began selling the Freedom Alert Max, both a PERS unit and cellular phone, which detects falls and sudden movements,
instantly triggering an alert for help.

3

PRODUCT
FEATURES

FREEDOM ALERT MINI

● 4G LTE

● Fall Detection

● GPS & Wi-Fi Location Services

● 24/7 US based emergency operators

● Mobile Device

● Geofencing Notification

● 24-48 hour Battery Life

● Two-Way Voice Communication

● IP-67 Water-Resistant

● Small Form Factor

● Free Connected Care Mobile App for iOS & Android

● Emergency Notifications for Caregivers

● Device Battery Monitoring

● Device Set-Up and Bluetooth Pairing

● Monthly monitoring fee

FREEDOM ALERT MAX

● 4G LTE

● Fall detection

● GPS &
Wi-Fi Location Services

● Geofencing Notification

● Emergency
caregiver video

● Pre-programmed
contacts

● Unlimited
Non-emergency calling

● Emergency
two-way calling and voice communication via Wi-Fi

● IP-67 Water-Resistant

● Crisis
and Suicide Lifeline (988) pre-programmed

In early 2024, the Company released Aster, an
on-the-go personal safety app that provides 24/7 monitoring along with a Bluetooth button in order to maximize ease of use and convenience.

PRODUCT
FEATURES

Aster

● Home-Screen Slider: Contacts Emergency Services
immediately

● “Hold Until Safe” Button: Connects to
Emergency Services upon release

● Countdown Timer: Scheduled Timer signaling
followers to check-in

● Follow Me: Schedule events to request followers
to check-in after

● Bluetooth Button: Clips to keys or purse to
contact Emergency Services immediately

Bluetooth Button

● Pairs with Aster app: Press the button
three times to connect to Emergency Services

● Clips to your keys for immediate access to
Emergency Services

● Add to a purse, backpack, or briefcase for
extra peace of mind

● 200-foot Bluetooth connection range

● 5-month battery life

4

Industry Competition

LogicMark is focused on expanding its market position
through the business-to-business, direct-to-consumer and healthcare channels. The Company enjoys a strong business relationship with the
VHA, through which it serves veterans who suffer from chronic conditions that often require emergency assistance. We believe that this
relationship, coupled with the GSA Agreement, gives LogicMark a solid foundation to grow its healthcare channel business.

As technology and innovation have improved, barriers
to entry have been lowered in the PERS sector. This has resulted in a highly fragmented market with many competitors, mostly privately
held, who are solely dedicated to providing PERS. Other competitors, some of which are divisions of large publicly traded companies, offer
PERS solutions in an effort to leverage their call center operations in place for other parts of their business. Competition is also found
from companies in the healthcare, telecommunications and home and commercial security sectors.

Competitors may have greater financial, technical,
and personnel resources, broader distribution networks, a larger portfolio of intellectual property and customers. Success in acquiring
new customers is dependent on a variety of factors, including brand and reputation, market visibility, service and product capabilities,
quality, price, and the ability to identify and sell to prospective customers. Our approach is to grow our product capabilities as well
as key partnerships. The Company is switching from a reactive holistic personal safety perspective approach to capturing data to anticipate
potential problems. These steps are expected to help us benefit from the favorable trends and growing demand for PERS in the direct-to-consumer,
healthcare and business-to-business channels. In particular, the growing demand from the aging baby boomer generation, of which 11,000
boomers turn 65 each day.

Our Care Economy and Business Strategy

The number of Americans 65 and older make up more
than 18% of the US population (over 60 million people) and more than 75% of those over 50 would like to age at home. We believe that
our existing PERS and medical alert systems provide this “silver tsunami” of seniors seeking to continue living independently,
the ability to stay safe, comfortable, and content in their own home. Our customers’ increasingly mobile and active lifestyles have
created new opportunities for us in the fast-growing market for self-monitored products and mobile technology. We plan to continue to
grow our unmonitored PERS business, which for those who are on low or fixed income and/or require long charge devices, is a cost effective
and potentially life-saving product. However, we continue to see strong opportunities to build and expand our business into monitored
services. We plan to continue expanding our cell-based (mPERS) product line to provide a multi-layer safety support using CPaaS, LogicMark’s
Care Platform as a Service, which allows us to integrate with various third-party connected and wearable devices so that we can better
serve our customers whether they are at home or on-the-go. This will allow us to capture data required for predictive analysis in order
to warn the caregiver of potential future problems.

We plan to continue to expand our business into
the “aging with independence” market as well as expanding further into the Care Economy by providing enhanced products and
services that make the caring for loved ones easier. One in four millennials as well as more than half of GenX are taking care of loved
ones with very little, but much needed, assistance. Further, as the in-home professional care business continues to expand, we believe
this is an opportunity for LogicMark to extend its products and services to meet the increasing needs of the growing Care Economy. We
intend to do so by expanding the tools for caretakers to better manage both the care of their elderly living independent lives, and to
provide mobile and personal safety to others in their care circle so they too can feel safe on the go. We want our products and services
to be available for anyone with personal safety concerns, including children or students who are navigating new environments and social
situations for the first time.

5

Our Intellectual Property

Our ability to compete effectively depends to a significant extent
on our ability to protect our proprietary information. We currently rely and will continue to rely primarily on patents and trade secret
laws and confidentiality procedures to protect our intellectual property rights. Since the Company’s acquisition in 2016, we have
filed forty-five new patent applications, twenty-five of which have been awarded to
date.

We enter into confidentiality agreements with
all our employees and consultants and maintain control over access to and distribution of our technology, software, and other proprietary
information.

Government Regulations

In order to sell any products to the U.S. government,
companies are required to obtain approval from the GSA and must obtain a GSA authorization number. The Company obtained GSA approval to
sell its products to the federal government when it was awarded the five-year GSA Agreement in July 2021 and was renewed for another five-year
term in February 2026. Our U.S. government contract is subject to a large number of federal regulations and oversight requirements. Compliance
with the array of government regulations requires extensive record keeping and the maintenance of complex policies and procedures relating
to all aspects of our business, as well as to work performed for us by any subcontractors. In addition, government contracts are subject
to audits and oversight by government inspectors at various points in the contracting process.

In addition, our devices are required to meet
Federal Communications Commission (“FCC”) approval, specifically relating to FCC Part 15 requirements for Class B digital
devices. FCC Part 15 covers the regulations under which a device emits radio frequency energy by radiation, and the technical specifications,
administrative requirements, and other conditions relating to the marketing of FCC Part 15 devices. The FCC’s definition of a Class
B Digital Device is one which is marketed for use in a residential environment, and FCC Part 15 compliance means that our devices may
not cause harmful interference, must accept interference from other devices, and all device changes must be approved by the manufacturer.
All of our devices are FCC Part 15 compliant Class B digital devices. All of our devices are manufactured to never exceed FCC specific
absorption rate (SAR) limitations for exposure to radio frequency emissions for body worn devices.

Corporate Information

History

We were incorporated in the State of Delaware
on February 8, 2012. On July 25, 2016, we acquired LogicMark, LLC, which operated as a wholly owned subsidiary of the Company until December
30, 2021, when it was merged into the Company (formerly known as Nxt-ID, Inc.) along with the Company’s other subsidiary, 3D-ID,
LLC. As a result of the merger, 3D-ID, LLC was liquidated. Effective February 28, 2022, the Company changed its name from Nxt-ID, Inc.
to LogicMark, Inc. The Company has realigned its business strategy with that of its former LogicMark, LLC operating division, managing
contract manufacturing and distribution of non-monitored and monitored PERS sold through the VHA, direct-to-consumers, healthcare durable
medical equipment dealers and resellers, and monitored security dealers and resellers.

On June 1, 2023, the Company was re-incorporated
in the State of Nevada by merging its predecessor entity with and into its wholly-owned subsidiary, LogicMark, Inc., a Nevada corporation,
pursuant to an agreement and plan of merger, dated as of June 1, 2023. Such Nevada entity survived and succeeded to the assets, continued
the business and assumed the rights and obligations of LogicMark, Inc., the Delaware corporation that existed immediately prior to the
effective date of such agreement.

Our principal executive office is located at 2801
Diode Lane, Louisville, KY 40299, and our telephone number is (502) 519-2419.

Our website address is www.logicmark.com. The
information contained therein or connected thereto shall not be deemed to be a part of or incorporated into this Report.

6

Employees

As of March 26, 2026, we had a total of 33 full-time
employees, two part-time employees and three long-term contractors. None of our employees are represented by a collective bargaining agreement,
nor have we experienced any work stoppage. We consider our relations with our employees to be very good. Our future success depends on
our continuing ability to attract and retain highly qualified personnel. In addition, we have fractional independent contractors whose
services we are using on an as-needed basis to assist us in all areas.

Available Information

We are required
to file annual, quarterly and current reports, proxy statements and other information with the U.S. Securities and Exchange Commission
(the “SEC”). Our filings with the SEC are available to the public through the SEC’s website at www.sec.gov.

You can find more information about us online
at our investor relations website located at investors.logicmark.com. Our Annual Report on Form 10-K, our Quarterly Reports on
Form 10-Q, our Current Reports on Form 8-K and any amendments to those reports are available free of charge on our website as soon as
reasonably practicable after we electronically file such material with the SEC. The information posted on or accessible through our website
is not incorporated into this Annual Report on Form 10-K.