10-Q Filing

EMERSON RADIO CORP CIK: 32621 Q1 2011

Filing Information

Form Type	10-Q
Accession Number	`0000950123-11-077574`
Period End Date	20110630
Filing Date	20110815
Fiscal Year	2011
Fiscal Period	Q1
XBRL Instance	msn-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 86 Income Statement 29 Cash Flow Statement 57

Balance Sheet 86 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.31M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.97M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$21.54M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$39.80M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	3,677.00	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$2.05M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	3,677.00	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$600.00K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	3,677.00	shares	Point-in-time
Investment in marketable security	`TradingSecuritiesCurrent`	$4.72M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	3,677.00	shares	Point-in-time
Investment in marketable security	`TradingSecuritiesCurrent`	-	USD	Point-in-time
Preferred stock, liquidation preference	`PreferredStockLiquidationPreference`	$3.68M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$10.93M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$30.77M	USD	Point-in-time
Preferred stock, liquidation preference	`PreferredStockLiquidationPreference`	$3.68M	USD	Point-in-time
Other receivables	`OtherReceivables`	$1.41M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other receivables	`OtherReceivables`	$1.09M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Due from affiliates	`DueFromAffiliateCurrent`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Due from affiliates	`DueFromAffiliateCurrent`	$15.00K	USD	Point-in-time
Inventory, net	`InventoryNet`	$20.55M	USD	Point-in-time
Inventory, net	`InventoryNet`	$8.52M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	52.97M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	52.97M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	27.13M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$504.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$549.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	27.13M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	25.84M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	25.84M	shares	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$2.23M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$2.83M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$78.75M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$69.35M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$2.92M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$2.83M	USD	Point-in-time
Trademarks and other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.54M	USD	Point-in-time
Trademarks and other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.54M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$2.54M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$1.97M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$358.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$350.00K	USD	Point-in-time
Total assets	`Assets`	$85.44M	USD	Point-in-time
Total assets	`Assets`	$76.72M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	-	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$2.47M	USD	Point-in-time
Current maturities of long-term borrowings	`DebtCurrent`	$46.00K	USD	Point-in-time
Current maturities of long-term borrowings	`DebtCurrent`	$46.00K	USD	Point-in-time
Accounts payable and other current liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$14.41M	USD	Point-in-time
Accounts payable and other current liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$22.68M	USD	Point-in-time
Due to affiliates	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Due to affiliates	`DueToRelatedPartiesCurrent`	$2.00K	USD	Point-in-time
Accrued sales returns	`AccruedSalesReturns`	$1.20M	USD	Point-in-time
Accrued sales returns	`AccruedSalesReturns`	$1.57M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$244.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$196.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$18.32M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$24.54M	USD	Point-in-time
Long-term borrowings	`LongTermDebtAndCapitalLeaseObligations`	$127.00K	USD	Point-in-time
Long-term borrowings	`LongTermDebtAndCapitalLeaseObligations`	$150.00K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$158.00K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$167.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$18.62M	USD	Point-in-time
Total liabilities	`Liabilities`	$24.84M	USD	Point-in-time
Preferred shares -10,000,000 shares authorized; 3,677 shares issued and outstanding; liquidation preference of $3,677,000	`PreferredStockValue`	$3.31M	USD	Point-in-time
Preferred shares -10,000,000 shares authorized; 3,677 shares issued and outstanding; liquidation preference of $3,677,000	`PreferredStockValue`	$3.31M	USD	Point-in-time
Common shares - $.01 par value, 75,000,000 shares authorized, 52,965,797 shares issued, and 27,129,832 shares outstanding	`CommonStockValue`	$529.00K	USD	Point-in-time
Common shares - $.01 par value, 75,000,000 shares authorized, 52,965,797 shares issued, and 27,129,832 shares outstanding	`CommonStockValue`	$529.00K	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$98.78M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$98.78M	USD	Point-in-time
Accumulated other comprehensive (losses) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-82.00K	USD	Point-in-time
Accumulated other comprehensive (losses) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$746.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-21.05M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-17.71M	USD	Point-in-time
Treasury stock, at cost, 25,835,965 shares	`TreasuryStockValue`	$24.22M	USD	Point-in-time
Treasury stock, at cost, 25,835,965 shares	`TreasuryStockValue`	$24.22M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$58.09M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$60.60M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$76.72M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$85.44M	USD	Point-in-time

Income Statement 29 line items

Line Item	Tag	Value	Unit	Period
Net revenues	`SalesRevenueNet`	$67.16M	USD	1 Quarter
Net revenues	`SalesRevenueNet`	$51.52M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$57.52M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$45.59M	USD	1 Quarter
Other operating costs and expenses	`OtherCostOfOperatingRevenue`	$299.00K	USD	1 Quarter
Other operating costs and expenses	`OtherCostOfOperatingRevenue`	$387.00K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.69M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.93M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$59.75M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$47.67M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$7.40M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$3.85M	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$31.00K	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$10.00K	USD	1 Quarter
Realized gain on sale of marketable security	`TradingSecuritiesRealizedGainLoss`	$828.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.41M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.71M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.38M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.53M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.34M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.88M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.22	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.12	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.12	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.22	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.13M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.13M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.13M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.13M	shares	1 Quarter

Cash Flow Statement 57 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$3.34M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.88M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$89.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$155.00K	USD	1 Quarter
Deferred tax expense	`DeferredIncomeTaxExpenseBenefit`	$1.17M	USD	1 Quarter
Deferred tax expense	`DeferredIncomeTaxExpenseBenefit`	$1.19M	USD	1 Quarter
Asset allowances, reserves and other	`AssetAllowancesReservesAndOther`	$-312.00K	USD	1 Quarter
Asset allowances, reserves and other	`AssetAllowancesReservesAndOther`	$596.00K	USD	1 Quarter
Gain on sale of marketable security	`TradingSecuritiesRealizedGainLoss`	$828.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$14.73M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$20.46M	USD	1 Quarter
Other receivables	`IncreaseDecreaseInOtherReceivables`	$-326.00K	USD	1 Quarter
Other receivables	`IncreaseDecreaseInOtherReceivables`	$83.00K	USD	1 Quarter
Due from affiliates	`IncreaseDecreaseDueFromAffiliates`	$34.00K	USD	1 Quarter
Due from affiliates	`IncreaseDecreaseDueFromAffiliates`	$15.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$10.44M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$18.79M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-202.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-45.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-8.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-2.00K	USD	1 Quarter
Accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$20.70M	USD	1 Quarter
Accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$8.28M	USD	1 Quarter
Due to affiliates	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$8.00K	USD	1 Quarter
Due to affiliates	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$-2.00K	USD	1 Quarter
Interest and income taxes payable	`IncreaseDecreaseInInterestAndIncomeTaxesPayable`	$76.00K	USD	1 Quarter
Interest and income taxes payable	`IncreaseDecreaseInInterestAndIncomeTaxesPayable`	$48.00K	USD	1 Quarter
Net cash (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.12M	USD	1 Quarter
Net cash (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-19.05M	USD	1 Quarter
Proceeds from sale of marketable security	`ProceedsFromSaleOfTradingSecuritiesHeldforinvestment`	$4.72M	USD	1 Quarter
(Increase) decrease in restricted cash	`IncreaseDecreaseInRestrictedCash`	$1.45M	USD	1 Quarter
(Increase) decrease in restricted cash	`IncreaseDecreaseInRestrictedCash`	$-2.59M	USD	1 Quarter
Additions to property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$41.00K	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$3.28M	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$2.55M	USD	1 Quarter
Repayments of short-term borrowings	`RepaymentsOfShortTermDebt`	$9.00K	USD	1 Quarter
Repayments of short-term borrowings	`RepaymentsOfShortTermDebt`	$2.47M	USD	1 Quarter
Net (decrease) in capital lease and other rental obligations	`NetDecreaseInCapitalLeaseAndOtherRentalObligations`	$23.00K	USD	1 Quarter
Net (decrease) in capital lease and other rental obligations	`NetDecreaseInCapitalLeaseAndOtherRentalObligations`	$73.00K	USD	1 Quarter
Borrowings under long-term credit facility	`ProceedsFromLongTermLinesOfCredit`	$29.71M	USD	1 Quarter
Repayments of borrowings under long-term credit facility	`RepaymentsOfLongTermLinesOfCredit`	$29.71M	USD	1 Quarter
Net cash (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.49M	USD	1 Quarter
Net cash (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-82.00K	USD	1 Quarter
Net (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.65M	USD	1 Quarter
Net (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-18.26M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.31M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.97M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$21.54M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$39.80M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.31M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.97M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$21.54M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$39.80M	USD	Point-in-time
Interest	`InterestPaid`	$28.00K	USD	1 Quarter
Interest	`InterestPaid`	$8.00K	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$168.00K	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$377.00K	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.