Radioio Inc (RAIO) financial statements (2022 and earlier)

Company profile

Business Address 475 PARK AVENUE SOUTH
NEW YORK, NY 10016
State of Incorp. FL
Fiscal Year End December 31
SIC 4899 - Communications Services, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments14918
Cash and cash equivalents14918
Receivables10629
Inventory, net of allowances, customer advances and progress billings15
Inventory15 
Prepaid expense38
Prepaid expense and other current assets360
Other undisclosed current assets8346
Total current assets:390453
Noncurrent Assets
Property, plant and equipment6286
Intangible assets, net (including goodwill)1,204
Goodwill 1,204
Prepaid expense63
Other noncurrent assets63
Prepaid expense and other noncurrent assets1,342
Other undisclosed noncurrent assets(63)(1,204)
Total noncurrent assets:1251,429
TOTAL ASSETS:5151,881
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:934760
Other undisclosed accounts payable and accrued liabilities934760
Debt 400
Due to related parties 39
Deferred revenue and credits288317
Other liabilities400 
Other undisclosed current liabilities19 
Total current liabilities:1,6411,516
Noncurrent Liabilities
Liabilities, other than long-term debt669
Deferred revenue and credits669
Total noncurrent liabilities:669
Total liabilities:1,6471,586
Temporary equity, carrying amount 5,772
Stockholders' equity
Stockholders' equity attributable to parent(1,132)(5,477)
Common stock6227
Treasury stock, value (26)
Additional paid in capital67,57959,721
Accumulated deficit(68,716)(65,399)
Total stockholders' equity:(1,132)(5,477)
TOTAL LIABILITIES AND EQUITY:5151,881

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

12/31/2013
12/31/2012
Revenues
(Revenue, Net)
1,5271,607
Cost of revenue
(Cost of Goods and Services Sold)
(880)(752)
Gross profit:648855
Operating expenses(3,812)(1,616)
Other operating income, net
(Other Expenses)
237 
Other undisclosed operating loss(237) 
Operating loss:(3,164)(760)
Nonoperating income38014
Debt instrument, convertible, beneficial conversion feature380 
Other nonoperating income 14
Interest and debt expense(126) 
Loss from continuing operations before equity method investments, income taxes:(2,911)(747)
Other undisclosed loss from continuing operations before income taxes(380) 
Loss from continuing operations before income taxes:(3,290)(747)
Income tax expense(1) 
Net loss available to common stockholders, diluted:(3,291)(747)

Comprehensive Income ($ in thousands)

12/31/2013
12/31/2012
Net loss:(3,291)(747)
Comprehensive loss, net of tax, attributable to parent:(3,291)(747)

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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