Liberated Syndication Inc (LSYN) financial statements (2021 and earlier)

Company profile

Business Address 5001 BAUM BLVD., SUITE #770
PITTSBURGH, PA 15213
State of Incorp. NV
Fiscal Year End December 31
SIC 4832 - Radio Broadcasting Stations (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 11,0805,2124,875
Cash and cash equivalents 11,0805,2124,875
Receivables 482660385
Prepaid expense 44918645
Total current assets: 12,0116,0585,305
Noncurrent Assets
Property, plant and equipment 2,2293,00734
Intangible assets, net (including goodwill) 24,17525,99611,484
Goodwill 16,38816,35211,484
Intangible assets, net (excluding goodwill) 7,7879,644 
Other noncurrent assets 1927 
Total noncurrent assets: 26,59629,01011,518
TOTAL ASSETS: 38,60735,06916,824
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 1,1231,210850
Accounts payable 746441536
Accrued liabilities 378769314
Debt 2,7121,636 
Deferred revenue and credits1,248110
Other undisclosed current liabilities 2,276  
Total current liabilities: 6,1114,094960
Noncurrent Liabilities
Long-term debt and lease obligation 5,6838,394 
Long-term debt, excluding current maturities 5,6828,320 
Capital lease obligations174 
Liabilities, other than long-term debt  134 
Deferred revenue and credits134 
Other undisclosed noncurrent liabilities 372  
Total noncurrent liabilities: 6,0558,528 
Total liabilities: 12,16612,621960
Stockholders' equity
Stockholders' equity attributable to parent 26,44122,44715,864
Common stock 303021
Additional paid in capital 35,01134,80425,047
Accumulated deficit (8,599)(12,387)(9,204)
Total stockholders' equity: 26,44122,44715,864
TOTAL LIABILITIES AND EQUITY: 38,60735,06916,824

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
Revenues 22,01010,5848,792
Cost of revenue (3,332)(2,379)(2,808)
Cost of goods and services sold  (611) 
Gross profit: 18,6788,2055,984
Operating expenses (17,931)(13,767)(3,199)
Other undisclosed operating income 3,3322,379 
Operating income (loss): 4,080(3,182)2,785
Nonoperating income
(Other Nonoperating income)
 100 
Interest and debt expense (387)  
Income (loss) from continuing operations before equity method investments, income taxes: 3,703(3,182)2,785
Other undisclosed income from continuing operations before income taxes 85  
Income (loss) from continuing operations before income taxes: 3,788(3,182)2,785
Income tax benefit  1111,131
Net income (loss): 3,788(3,072)3,916
Other undisclosed net loss attributable to parent  (111)(1,131)
Net income (loss) available to common stockholders, diluted: 3,788(3,182)2,785

Comprehensive Income ($ in thousands)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
Net income (loss): 3,788(3,072)3,916
Comprehensive income (loss), net of tax, attributable to parent: 3,788(3,072)3,916

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: