Singing Machine Co Inc (SMDM) financial statements (2020 and earlier)

Company profile

Business Address 6301 NW 5TH WAY, STE 2900
FORT LAUDERDALE, FL 33309
State of Incorp. DE
Fiscal Year End March 31
SIC 3652 - Phonograph Records and Prerecorded Audio Tapes and Disks (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1012203
Cash and cash equivalents1012203
Receivables9222111
Inventory, net of allowances, customer advances and progress billings8685476
Inventory8685476
Deferred costs    00 
Deferred tax assets    01
Other undisclosed current assets430000(1)
Total current assets:211111108109
Noncurrent Assets
Finance lease, right-of-use asset0
Operating lease, right-of-use asset1
Property, plant and equipment1100001
Deferred costs    00 
Other noncurrent assets0000000
Deferred tax assets, net111222
Other undisclosed noncurrent assets100    
Total noncurrent assets:3112322
TOTAL ASSETS:24121312101212
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9222132
Accounts payable7121132
Accrued liabilities311100 
Debt001 000
Customer refund liability  00000
Other undisclosed current liabilities6212226
Total current liabilities:16454368
Noncurrent Liabilities
Long-term debt and lease obligation000  00
Long-term debt, excluding current maturities  0  00
Finance lease, liability0
Capital lease obligations0     
Operating lease, liability0
Liabilities, other than long-term debt     0 
Accounts payable and accrued liabilities     0 
Other undisclosed noncurrent liabilities0 0 23 
Total noncurrent liabilities:100 230
Total liabilities:17454588
Stockholders' equity
Stockholders' equity attributable to parent, including:8987644
Common stock0     0
Common stock, share subscribed but unissued, subscriptions receivable (0)  (0)  
Additional paid in capital20202019191919
Accumulated deficit(13)(12)(12)(12)(14)(16)(16)
Other undisclosed stockholders' equity attributable to parent 00000 
Total stockholders' equity:8987644
TOTAL LIABILITIES AND EQUITY:24121312101212

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

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
Revenues41466153493931
Revenue, net 53493931
Cost of revenue
(Cost of Goods and Services Sold)
(30)(35)(45)(39)(37)(31)(24)
Other undisclosed gross profit     (0)0
Gross profit:111216141287
Operating expenses(13)(11)(15)(11)(10)(8)(7)
Operating income (loss):(2)113210
Nonoperating expense
(Other Nonoperating expense)
(0)(0)(0)(0)(0)(0) 
Interest and debt expense(0)(0)(0)(0)(0)(0)(0)
Income (loss) from continuing operations before equity method investments, income taxes:(3)103100
Other undisclosed income from continuing operations before income taxes000000 
Income (loss) from continuing operations before income taxes:(2)113200
Income tax expense (benefit)1(0)(1)(1)0(0)1
Net income (loss) available to common stockholders, diluted:(2)102201

Comprehensive Income ($ in millions)

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
Net income (loss):(2)102201
Comprehensive income (loss), net of tax, attributable to parent:(2)102201

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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