10-K Filing

EMERSON RADIO CORP CIK: 32621 FY 2012

Filing Information

Form Type	10-K
Accession Number	`0001193125-13-291843`
Period End Date	20130331
Filing Date	20130716
Fiscal Year	2012
Fiscal Period	FY
XBRL Instance	msn-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 79 Income Statement 37 Cash Flow Statement 59 Stockholders Equity 10 Comprehensive Income 6

Balance Sheet 79 line items

Line Item	Tag	Value	Unit	Period
Preferred shares, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred shares, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred shares, shares issued	`PreferredStockSharesIssued`	3,677.00	shares	Point-in-time
Preferred shares, shares issued	`PreferredStockSharesIssued`	3,677.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$21.41M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$39.80M	USD	Point-in-time
Preferred shares, shares outstanding	`PreferredStockSharesOutstanding`	3,677.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$44.96M	USD	Point-in-time
Preferred shares, shares outstanding	`PreferredStockSharesOutstanding`	3,677.00	shares	Point-in-time
Preferred shares, liquidation preference	`PreferredStockLiquidationPreference`	$3.68M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$215.00K	USD	Point-in-time
Preferred shares, liquidation preference	`PreferredStockLiquidationPreference`	$3.68M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$70.00K	USD	Point-in-time
Common shares, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Short term investments	`ShortTermInvestments`	$45.23M	USD	Point-in-time
Common shares, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$7.88M	USD	Point-in-time
Common shares, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$12.13M	USD	Point-in-time
Common shares, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Other receivables	`OtherReceivables`	$1.19M	USD	Point-in-time
Common shares, shares issued	`CommonStockSharesIssued`	52.97M	shares	Point-in-time
Other receivables	`OtherReceivables`	$969.00K	USD	Point-in-time
Common shares, shares issued	`CommonStockSharesIssued`	52.97M	shares	Point-in-time
Common shares, shares outstanding	`CommonStockSharesOutstanding`	27.13M	shares	Point-in-time
Due from affiliates	`DueFromAffiliateCurrent`	$1.00K	USD	Point-in-time
Common shares, shares outstanding	`CommonStockSharesOutstanding`	27.13M	shares	Point-in-time
Due from affiliates	`DueFromAffiliateCurrent`	$1.00K	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	25.84M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	25.84M	shares	Point-in-time
Inventory, net	`InventoryNet`	$11.27M	USD	Point-in-time
Inventory, net	`InventoryNet`	$3.45M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.87M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.87M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$1.69M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$2.30M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$74.95M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$82.58M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$260.00K	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$258.00K	USD	Point-in-time
Trademarks, net	`IntangibleAssetsNetExcludingGoodwill`	$1.54M	USD	Point-in-time
Trademarks, net	`IntangibleAssetsNetExcludingGoodwill`	$219.00K	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$1.67M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$1.12M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$262.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$104.00K	USD	Point-in-time
Total Assets	`Assets`	$84.28M	USD	Point-in-time
Total Assets	`Assets`	$78.68M	USD	Point-in-time
Current maturities of long-term borrowings	`DebtCurrent`	$43.00K	USD	Point-in-time
Current maturities of long-term borrowings	`DebtCurrent`	$64.00K	USD	Point-in-time
Accounts payable and other current liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$7.79M	USD	Point-in-time
Accounts payable and other current liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$9.15M	USD	Point-in-time
Due to affiliates	`DueToRelatedPartiesCurrent`	$11.00K	USD	Point-in-time
Accrued sales returns	`AccruedSalesReturns`	$1.20M	USD	Point-in-time
Accrued sales returns	`AccruedSalesReturns`	$965.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$107.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.28M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$10.54M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$10.08M	USD	Point-in-time
Long-term borrowings	`LongTermDebtAndCapitalLeaseObligations`	$30.00K	USD	Point-in-time
Long-term borrowings	`LongTermDebtAndCapitalLeaseObligations`	$72.00K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$177.00K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$194.00K	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 - $0.01 par value, 75,000,000 shares authorized; 52,965,797 shares issued at March 31, 2013 and March 31, 2012, respectively; 27,129,832 shares outstanding at March 31, 2013 and March 31, 2012, respectively	`CommonStockValue`	$529.00K	USD	Point-in-time
Common shares - $0.01 par value, 75,000,000 shares authorized; 52,965,797 shares issued at March 31, 2013 and March 31, 2012, respectively; 27,129,832 shares outstanding at March 31, 2013 and March 31, 2012, respectively	`CommonStockValue`	$529.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$98.78M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$98.78M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.42M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.42M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-82.00K	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`	$73.98M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$67.90M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$58.09M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$78.68M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$84.28M	USD	Point-in-time

Income Statement 37 line items

Line Item	Tag	Value	Unit	Period
Net product sales	`SalesRevenueGoodsNet`	$156.97M	USD	Annual
Net product sales	`SalesRevenueGoodsNet`	$121.63M	USD	Annual
Licensing revenue	`LicensesRevenue`	$6.77M	USD	Annual
Licensing revenue	`LicensesRevenue`	$6.28M	USD	Annual
Net revenues	`SalesRevenueNet`	$163.25M	USD	Annual
Net revenues	`SalesRevenueNet`	$128.40M	USD	Annual
Cost of sales	`CostOfGoodsAndServicesSold`	$142.27M	USD	Annual
Cost of sales	`CostOfGoodsAndServicesSold`	$108.63M	USD	Annual
Other operating costs and expenses	`OtherCostOfOperatingRevenue`	$1.35M	USD	Annual
Other operating costs and expenses	`OtherCostOfOperatingRevenue`	$1.35M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$7.76M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$7.76M	USD	Annual
Impairment of trademark	`AssetImpairmentCharges`	$1.33M	USD	Annual
Total costs and expenses	`CostsAndExpenses`	$119.07M	USD	Annual
Total costs and expenses	`CostsAndExpenses`	$151.39M	USD	Annual
Operating income	`OperatingIncomeLoss`	$9.32M	USD	Annual
Operating income	`OperatingIncomeLoss`	$11.87M	USD	Annual
Realized gain on sale of marketable securities	`TradingSecuritiesRealizedGainLoss`	$828.00K	USD	Annual
Gain on sale of building	`GainLossOnSaleOfPropertyPlantEquipment`	$347.00K	USD	Annual
Interest income, net	`InterestIncomeExpenseNet`	$70.00K	USD	Annual
Interest income, net	`InterestIncomeExpenseNet`	$340.00K	USD	Annual
Nonoperating Income (Expense), Total	`NonoperatingIncomeExpense`	$340.00K	USD	Annual
Nonoperating Income (Expense), Total	`NonoperatingIncomeExpense`	$1.25M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$13.11M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$9.66M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.48M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.67M	USD	Annual
Net income	`NetIncomeLoss`	$6.00M	USD	Annual
Net income	`NetIncomeLoss`	$10.63M	USD	Annual
Basic net income per share	`EarningsPerShareBasic`	$0.39	USD	Annual
Basic net income per share	`EarningsPerShareBasic`	$0.22	USD	Annual
Diluted net income per share	`EarningsPerShareDiluted`	$0.39	USD	Annual
Diluted net income per share	`EarningsPerShareDiluted`	$0.22	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.13M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.13M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.13M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.13M	shares	Annual

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$6.00M	USD	Annual
Net income	`NetIncomeLoss`	$10.63M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$106.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$276.00K	USD	Annual
Deferred tax benefit	`DeferredIncomeTaxExpenseBenefit`	$1.41M	USD	Annual
Deferred tax benefit	`DeferredIncomeTaxExpenseBenefit`	$1.18M	USD	Annual
Asset allowances, reserves, and other	`AssetAllowancesReservesAndOther`	$2.62M	USD	Annual
Asset allowances, reserves, and other	`AssetAllowancesReservesAndOther`	$1.44M	USD	Annual
Gain on sale of building	`GainLossOnSaleOfPropertyPlantEquipment`	$347.00K	USD	Annual
Gain on sale of investment	`TradingSecuritiesRealizedGainLoss`	$828.00K	USD	Annual
Foreign currency translation adj.	`ForeignCurrencyTransactionGainLossUnrealized`	$-82.00K	USD	Annual
Impairment of trademark	`AssetImpairmentCharges`	$1.33M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-5.58M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$577.00K	USD	Annual
Other receivables	`IncreaseDecreaseInOtherReceivables`	$-220.00K	USD	Annual
Other receivables	`IncreaseDecreaseInOtherReceivables`	$-224.00K	USD	Annual
Due from affiliates	`IncreaseDecreaseDueFromAffiliates`	$1.00K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$755.00K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-7.69M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.00M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.32M	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-158.00K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-96.00K	USD	Annual
Accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-5.26M	USD	Annual
Accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.36M	USD	Annual
Due to affiliates	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$-11.00K	USD	Annual
Due to affiliates	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$9.00K	USD	Annual
Income taxes payable	`IncreaseDecreaseInIncomeTaxes`	$-89.00K	USD	Annual
Income taxes payable	`IncreaseDecreaseInIncomeTaxes`	$1.17M	USD	Annual
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$21.71M	USD	Annual
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-152.00K	USD	Annual
Short term investment	`IncreaseDecreaseInShortTermInvestments`	$45.23M	USD	Annual
Proceeds from sale of marketable securities	`ProceedsFromSaleOfTradingSecuritiesHeldforinvestment`	$4.72M	USD	Annual
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$-385.00K	USD	Annual
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$-145.00K	USD	Annual
Additions to property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$57.00K	USD	Annual
Additions to property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$111.00K	USD	Annual
Disposals of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.79M	USD	Annual
Disposals of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$7.00K	USD	Annual
Net cash (used) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-45.19M	USD	Annual
Net cash (used) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$7.84M	USD	Annual
Repayments of long-term borrowings	`RepaymentsOfLongTermDebt`	$2.45M	USD	Annual
Repayments of long-term borrowings	`RepaymentsOfLongTermDebt`	$21.00K	USD	Annual
Net decrease in capital lease and other rental obligations	`NetDecreaseInCapitalLeaseAndOtherRentalObligations`	$78.00K	USD	Annual
Net decrease in capital lease and other rental obligations	`NetDecreaseInCapitalLeaseAndOtherRentalObligations`	$42.00K	USD	Annual
Net cash used by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.53M	USD	Annual
Net cash used by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-63.00K	USD	Annual
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-23.55M	USD	Annual
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.16M	USD	Annual
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$21.41M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$39.80M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$44.96M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$21.41M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$39.80M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$44.96M	USD	Point-in-time
Interest	`InterestPaid`	$15.00K	USD	Annual
Interest	`InterestPaid`	$23.00K	USD	Annual
Income taxes	`IncomeTaxesPaid`	$1.12M	USD	Annual
Income taxes	`IncomeTaxesPaid`	$1.94M	USD	Annual

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$73.98M	USD	Point-in-time
Balance	`StockholdersEquity`	$67.90M	USD	Point-in-time
Balance	`StockholdersEquity`	$58.09M	USD	Point-in-time
Net income	`ProfitLoss`	$6.00M	USD	Annual
Net income	`ProfitLoss`	$10.64M	USD	Annual
Realized gain on sale of available-for-sale securities	`OtherComprehensiveIncomeLossReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax`	$-828.00K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$82.00K	USD	Annual
Balance	`StockholdersEquity`	$73.98M	USD	Point-in-time
Balance	`StockholdersEquity`	$67.90M	USD	Point-in-time
Balance	`StockholdersEquity`	$58.09M	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$6.00M	USD	Annual
Net income	`NetIncomeLoss`	$10.63M	USD	Annual
Foreign currency translation adj.	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$82.00K	USD	Annual
Realized gain on sale of available-for-sale securities	`OtherComprehensiveIncomeLossReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax`	$-828.00K	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$9.81M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$6.08M	USD	Annual

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