Modern Media Acquisition Corp. (MMDM) Financial Statements (2024 and earlier)

Company Profile

Business Address 3414 PEACHTREE ROAD
ATLANTA, GA 30326
State of Incorp. DE
Fiscal Year End March 31
Industry (SIC) 4832 - Radio Broadcasting Stations (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) (USD)

6/30/2019
MRQ
3/31/2019
3/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 115,529558,398
Cash and cash equivalents 115,529558,398
Other undisclosed current assets 41,25042,083
Total current assets: 156,779600,481
Noncurrent Assets
Asset, held-in-trust 152,420,927210,502,923
Total noncurrent assets: 152,420,927210,502,923
TOTAL ASSETS: 152,577,706211,103,404
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 1,911,05597,627
Taxes payable 59,223435,503
Other undisclosed accounts payable and accrued liabilities 1,851,832(337,876)
Due to related parties 491,419 
Other undisclosed current liabilities 59,223435,503
Total current liabilities: 2,461,697533,130
Noncurrent Liabilities
Other undisclosed noncurrent liabilities 8,085,0008,085,000
Total noncurrent liabilities: 8,085,0008,085,000
Total liabilities: 10,546,6978,618,130
Temporary equity, carrying amount 137,031,005197,485,269
Equity
Equity, attributable to parent 5,000,0045,000,005
Common stock 641632
Additional paid in capital 3,901,7184,549,828
Retained earnings 1,097,645449,545
Total equity: 5,000,0045,000,005
TOTAL LIABILITIES AND EQUITY: 152,577,706211,103,404

Income Statement (P&L) (USD)

6/30/2019
TTM
3/31/2019
3/31/2018
Operating expenses (300,000)(300,000)
Other undisclosed operating loss (2,160,342)(370,812)
Operating loss: (2,460,342)(670,812)
Loss from continuing operations before equity method investments, income taxes: (2,460,342)(670,812)
Other undisclosed income from continuing operations before income taxes 3,881,6721,558,909
Income from continuing operations before income taxes: 1,421,330888,097
Income tax expense (773,230)(435,503)
Income from continuing operations: 648,100452,594
Income before gain (loss) on sale of properties: 648,100452,594
Net income available to common stockholders, diluted: 648,100452,594

Comprehensive Income (USD)

6/30/2019
TTM
3/31/2019
3/31/2018
Net income: 648,100452,594
Comprehensive income, net of tax, attributable to parent: 648,100452,594

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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