Loop Media Inc. (LPTV) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
2600 WEST OLIVE AVENUE BURBANK, CA 91505 |
| State of Incorp. | NV |
| Fiscal Year End | September 30 |
| Industry (SIC) | 7363 - Help Supply Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2024 MRQ | 12/31/2023 MRQ | 9/30/2023 | 9/30/2022 | 12/31/2020 | 6/30/2019 | 6/30/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 3,811 | 3,069 | 14,072 | 838 | 5 | 11 | |||
| Cash and cash equivalents | 3,811 | 3,069 | 14,072 | 838 | 5 | 11 | |||
| Receivables | 7,941 | 6,212 | 12,591 | 680 | 4 | ||||
| Inventory, net of allowances, customer advances and progress billings | 18 | 90 | |||||||
| Inventory | 18 | 90 | |||||||
| Prepaid expense | 22 | 2 | 11 | ||||||
| Other undisclosed current assets | 2,607 | 3,206 | 2,225 | 1,937 | 3 | ||||
| Total current assets: | 14,360 | 12,487 | 28,905 | 3,567 | 11 | 26 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 77 | ✕ | ✕ | ||||||
| Property, plant and equipment | 2,534 | 2,712 | 1,633 | 24 | 1 | ||||
| Long-term investments and receivables | 1,710 | ||||||||
| Long-term investments | 1,613 | ||||||||
| Accounts and financing receivable, after allowance for credit loss | 96 | ||||||||
| Intangible assets, net (including goodwill) | 450 | 478 | 590 | 3,752 | 0 | 1 | |||
| Goodwill | 583 | ||||||||
| Intangible assets, net (excluding goodwill) | 450 | 478 | 590 | 3,169 | 0 | 1 | |||
| Deposits noncurrent assets | 12 | 12 | 64 | 16 | |||||
| Deferred costs | 1,711 | 744 | |||||||
| Other noncurrent assets | 1 | ||||||||
| Other undisclosed noncurrent assets | 304 | 449 | 679 | 570 | (0) | ||||
| Total noncurrent assets: | 5,011 | 4,395 | 3,043 | 6,072 | 1 | 2 | |||
| TOTAL ASSETS: | 19,370 | 16,882 | 31,948 | 9,639 | 12 | 28 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 15,223 | 13,456 | 17,634 | 964 | 33 | 23 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | ✕ | 60 | ||||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | 27 | ||||
| Accounts payable | 6,627 | 4,979 | 7,454 | 684 | 14 | 18 | |||
| Accrued liabilities | 2,324 | 3,546 | 5,621 | 194 | 19 | 5 | |||
| Other undisclosed accounts payable and accrued liabilities | 6,272 | 4,930 | 4,559 | (0) | |||||
| Debt | 709 | 160 | 150 | ||||||
| Due to related parties | ✕ | ✕ | ✕ | 602 | 46 | 15 | |||
| Customer advances and deposits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 3 | ||
| Other undisclosed current liabilities | 7,209 | 5,599 | 1,559 | 1,453 | 19 | ||||
| Total current liabilities: | 22,432 | 19,055 | 19,193 | 3,728 | 239 | 210 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 4,525 | 627 | |||||||
| Long-term debt, excluding current maturities | 4,525 | 419 | |||||||
| Finance lease, liability | ✕ | ✕ | |||||||
| Liabilities, other than long-term debt | |||||||||
| Operating lease, liability | 209 | ✕ | ✕ | ||||||
| Other undisclosed noncurrent liabilities | 625 | 2,643 | 2,576 | 1,400 | |||||
| Total noncurrent liabilities: | 625 | 2,643 | 7,101 | 2,236 | |||||
| Total liabilities: | 23,058 | 21,698 | 26,294 | 5,965 | 239 | 210 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (3,687) | (4,816) | 5,654 | 3,674 | (228) | (183) | |||
| Preferred stock | 0 | 0 | |||||||
| Common stock | 7 | 7 | 6 | 12 | 7 | 7 | |||
| Common stock, value, subscriptions | 485 | 12 | |||||||
| Additional paid in capital | 129,877 | 123,463 | 101,970 | 44,721 | 70 | 70 | |||
| Accumulated deficit | (133,571) | (128,286) | (96,322) | (41,544) | (317) | (260) | |||
| Other undisclosed equity, attributable to parent | 0 | ||||||||
| Total equity: | (3,687) | (4,816) | 5,654 | 3,674 | (228) | (183) | |||
| TOTAL LIABILITIES AND EQUITY: | 19,370 | 16,882 | 31,948 | 9,639 | 12 | 28 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 TTM | 9/30/2023 | 9/30/2022 | 12/31/2020 | 6/30/2019 | 6/30/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 26,988 | 31,642 | 30,833 | 2,794 | 44 | 87 | ||
| Cost of revenue | (18,390) | (20,983) | (19,450) | (1,109) | ||||
| Gross profit: | 8,598 | 10,659 | 11,382 | 1,685 | 44 | 87 | ||
| Operating expenses | (37,389) | (39,445) | (36,149) | (12,092) | (90) | (147) | ||
| Other operating income (expense), net (Other Expenses) | (17) | 53 | ||||||
| Other undisclosed operating income (loss) | 23 | (53) | ||||||
| Operating loss: | (28,792) | (28,786) | (24,767) | (10,407) | (40) | (60) | ||
| Nonoperating expense | (3,181) | (3,160) | (4,713) | (4,914) | ||||
| Other nonoperating expense | (3,181) | (3,160) | (4,713) | (4,914) | ||||
| Interest and debt expense | (3,797) | (3,802) | (1,608) | (31) | (17) | (53) | ||
| Loss from continuing operations before equity method investments, income taxes: | (35,769) | (35,748) | (31,088) | (15,351) | (57) | (113) | ||
| Other undisclosed income from continuing operations before income taxes | 3,797 | 3,802 | 1,608 | |||||
| Loss from continuing operations before income taxes: | (31,972) | (31,945) | (29,479) | (15,351) | (57) | (113) | ||
| Income tax expense (benefit) | (17) | (19) | 1 | (98) | ||||
| Loss from continuing operations: | (31,990) | (31,964) | (29,479) | (15,450) | (57) | (113) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (29,479) | (15,450) | (57) | (113) | |
| Other undisclosed net loss | (1) | |||||||
| Net loss: | (31,990) | (31,964) | (29,479) | (15,450) | (57) | (113) | ||
| Other undisclosed net income attributable to parent | 31 | |||||||
| Net loss attributable to parent: | (31,990) | (31,964) | (29,479) | (15,419) | (57) | (113) | ||
| Preferred stock dividends and other adjustments | (3,800) | |||||||
| Net loss available to common stockholders, basic: | (31,990) | (31,964) | (29,479) | (19,219) | (57) | (113) | ||
| Other undisclosed net loss available to common stockholders, diluted | (420) | |||||||
| Net loss available to common stockholders, diluted: | (32,410) | (31,964) | (29,479) | (19,219) | (57) | (113) | ||
Comprehensive Income ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 TTM | 9/30/2023 | 9/30/2022 | 12/31/2020 | 6/30/2019 | 6/30/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (31,990) | (31,964) | (29,479) | (15,450) | (57) | (113) | ||
| Comprehensive loss, net of tax, attributable to parent: | (31,990) | (31,964) | (29,479) | (15,450) | (57) | (113) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.