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)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 16,62111,0805,2124,875
Cash and cash equivalents 16,62111,0805,2124,875
Receivables 549482660385
Prepaid expense 61444918645
Total current assets: 17,78512,0116,0585,305
Noncurrent Assets
Operating lease, right-of-use asset 752
Property, plant and equipment 1,5372,2293,00734
Intangible assets, net (including goodwill) 22,31824,17525,99611,484
Goodwill 16,38816,38816,35211,484
Intangible assets, net (excluding goodwill) 5,9297,7879,644 
Deferred income tax assets 1,848
Other noncurrent assets 3631927 
Other undisclosed noncurrent assets  1,454  
Total noncurrent assets: 26,81728,05029,01011,518
TOTAL ASSETS: 44,60240,06135,06916,824
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 3,8951,9921,210850
Accounts payable 760746441536
Accrued liabilities 1,087378769314
Taxes payable 2,048869  
Deferred revenue 2,512
Debt 3,0532,7121,636 
Deferred revenue and credits1,248110
Other undisclosed current liabilities 12,276  
Total current liabilities: 9,4616,9804,094960
Noncurrent Liabilities
Long-term debt and lease obligation 4,4485,6838,394 
Long-term debt, excluding current maturities 4,1055,6828,320 
Capital lease obligations174 
Operating lease, liability 343
Liabilities, other than long-term debt 601 134 
Deferred revenue and credits134 
Deferred revenue 601
Other undisclosed noncurrent liabilities  372  
Total noncurrent liabilities: 5,0496,0558,528 
Total liabilities: 14,50913,03412,621960
Stockholders' equity
Stockholders' equity attributable to parent, including: 30,09227,02722,44715,864
Common stock 29303021
Additional paid in capital 35,24335,01134,80425,047
Accumulated deficit (5,180)(8,014)(12,387)(9,204)
Other undisclosed stockholders' equity attributable to parent (0)   
Other undisclosed stockholders' equity 0   
Total stockholders' equity: 30,09327,02722,44715,864
TOTAL LIABILITIES AND EQUITY: 44,60240,06135,06916,824

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues 24,20222,01010,5848,792
Cost of revenue (3,492)(3,332)(2,379)(2,808)
Cost of goods and services sold   (611) 
Gross profit: 20,71018,6788,2055,984
Operating expenses (20,521)(17,931)(13,767)(3,199)
Other undisclosed operating income 3,4923,3322,379 
Operating income (loss): 3,6814,080(3,182)2,785
Nonoperating income
(Other Nonoperating income)
  100 
Interest and debt expense (309)(387)  
Income (loss) from continuing operations before equity method investments, income taxes: 3,3723,703(3,182)2,785
Other undisclosed income (loss) from continuing operations before income taxes (108)85  
Income (loss) from continuing operations before income taxes: 3,2643,788(3,182)2,785
Income tax benefit 7905861111,131
Net income (loss): 4,0534,373(3,072)3,916
Other undisclosed net loss attributable to parent (1,220) (111)(1,131)
Net income (loss) available to common stockholders, diluted: 2,8344,373(3,182)2,785

Comprehensive Income ($ in thousands)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss): 4,0534,373(3,072)3,916
Comprehensive income (loss), net of tax, attributable to parent: 4,0534,373(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.

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