Liberated Syndication Inc. (LSYN) Financial Statements (2023 and earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments11,0805,2124,875
Cash and cash equivalents11,0805,2124,875
Receivables482660385
Prepaid expense44918645
Total current assets:12,0116,0585,305
Noncurrent Assets
Operating lease, right-of-use asset
Property, plant and equipment2,2293,00734
Intangible assets, net (including goodwill)24,17525,99611,484
Goodwill16,38816,35211,484
Intangible assets, net (excluding goodwill)7,7879,644 
Deferred income tax assets
Other noncurrent assets1927 
Total noncurrent assets:26,59629,01011,518
TOTAL ASSETS:38,60735,06916,824
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,1231,210850
Taxes payable   
Accounts payable746441536
Accrued liabilities378769314
Deferred revenue
Debt2,7121,636 
Deferred revenue and credits1,248110
Other undisclosed current liabilities2,276  
Total current liabilities:6,1114,094960
Noncurrent Liabilities
Long-term debt and lease obligation5,6838,394 
Long-term debt, excluding current maturities5,6828,320 
Capital lease obligations174 
Liabilities, other than long-term debt 134 
Deferred revenue and credits134 
Deferred revenue
Operating lease, liability
Other undisclosed noncurrent liabilities 372  
Total noncurrent liabilities:6,0558,528 
Total liabilities:12,16612,621960
Equity
Equity, attributable to parent, including:26,44122,44715,864
Common stock303021
Additional paid in capital35,01134,80425,047
Accumulated deficit(8,599)(12,387)(9,204)
Other undisclosed equity, attributable to parent   
Other undisclosed equity   
Total equity:26,44122,44715,864
TOTAL LIABILITIES AND EQUITY:38,60735,06916,824

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues22,01010,5848,792
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 income3,3322,379 
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 (loss) from continuing operations before income taxes85  
Income (loss) from continuing operations before income taxes:3,788(3,182)2,785
Income tax benefit 1111,131
Income (loss) from continuing operations:3,788(3,072)3,916
Income (loss) before gain (loss) on sale of properties:3,788(3,072)3,916
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)

12/31/2019
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 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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