Emerson Radio Corporation (MSN) financial statements (2022 and earlier)

Company profile

Business Address 35 WATERVIEW BLVD.
PARSIPPANY, NJ 07054
State of Incorp. DE
Fiscal Year End March 31
SIC 3651 - Household Audio and Video Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
Q3
9/30/2021
Q2
6/30/2021
Q1
3/31/2021
Q4
12/31/2020
Q3
9/30/2020
Q2
6/30/2020
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments24,74426,02528,47930,29030,51331,51133,291
Cash and cash equivalents24,74426,0254,4185,24530,5136,5116,093
Short-term investments  24,06125,045 25,00027,198
Receivables2,6191,4851,0896911,465859508
Other undisclosed current assets3,2443,9182,9992,6112,7693,1002,758
Total current assets:30,60731,42832,56733,59234,74735,47036,557
Noncurrent Assets
Finance lease, right-of-use asset3333444
Operating lease, right-of-use asset455506153213272330387
Property, plant and equipment2   233
Other noncurrent assets90949494949494
Total noncurrent assets:550603250310372431488
TOTAL ASSETS:31,15732,03132,81733,90235,11935,90137,045
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities195195195195195195195
Taxes payable195195195195195195195
Deferred revenue 6513019526060120
Debt1111111
Due to related parties11211  
Other undisclosed current liabilities1,3679541,0641,1441,3231,3371,226
Total current liabilities:1,5641,2161,3921,5361,7801,5931,542
Noncurrent Liabilities
Long-term debt and lease obligation2463045985108132174
Finance lease, liability2223333
Operating lease, liability2443025782105129171
Liabilities, other than long-term debt1,6131,6131,8361,8361,8361,8362,033
Accounts payable and accrued liabilities1,6131,6131,8361,8361,8361,8362,033
Total noncurrent liabilities:1,8591,9171,8951,9211,9441,9682,207
Total liabilities:3,4233,1333,2873,4573,7243,5613,749
Stockholders' equity
Stockholders' equity attributable to parent27,73428,89829,53030,44531,39532,34033,296
Preferred stock3,3103,3103,3103,3103,3103,3103,310
Common stock529529529529529529529
Treasury stock, value(33,201)(33,201)(33,201)(33,201)(33,201)(33,201)(33,201)
Additional paid in capital79,79279,79279,79279,79279,79279,79279,792
Accumulated deficit(22,696)(21,532)(20,900)(19,985)(19,035)(18,090)(17,134)
Total stockholders' equity:27,73428,89829,53030,44531,39532,34033,296
TOTAL LIABILITIES AND EQUITY:31,15732,03132,81733,90235,11935,90137,045

Income statement (P&L) ($ in thousands)

12/31/2021
Q3
9/30/2021
Q2
6/30/2021
Q1
3/31/2021
Q4
12/31/2020
Q3
9/30/2020
Q2
6/30/2020
Q1
Revenues2,5741,8592,0521,5472,3332,2711,294
Cost of revenue
(Cost of Goods and Services Sold)
(1,826)(1,351)(1,609)(1,230)(1,754)(1,747)(1,018)
Gross profit:748508443317579524276
Operating expenses(1,469)(1,363)(1,364)(1,290)(1,560)(1,564)(1,477)
Operating loss:(721)(855)(921)(973)(981)(1,040)(1,201)
Other undisclosed income from continuing operations before equity method investments, income taxes   151   
Loss from continuing operations before equity method investments, income taxes:(721)(855)(921)(822)(981)(1,040)(1,201)
Other undisclosed income (loss) from continuing operations before income taxes(443)22317(128)468382
Loss from continuing operations before income taxes:(1,164)(632)(904)(950)(935)(957)(1,119)
Income tax expense (benefit)  (11) (10)1(6)
Net loss available to common stockholders, diluted:(1,164)(632)(915)(950)(945)(956)(1,125)

Comprehensive Income ($ in thousands)

12/31/2021
Q3
9/30/2021
Q2
6/30/2021
Q1
3/31/2021
Q4
12/31/2020
Q3
9/30/2020
Q2
6/30/2020
Q1
Net loss:(1,164)(632)(915)(950)(945)(956)(1,125)
Comprehensive loss, net of tax, attributable to parent:(1,164)(632)(915)(950)(945)(956)(1,125)

Statements sources

The financial statements are based on the company's filings with the 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.

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