10-Q Filing

EMERSON RADIO CORP CIK: 32621 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001193125-13-334699`
Period End Date	20130630
Filing Date	20130814
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	msn-20130630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 32 Cash Flow Statement 52 Comprehensive Income 5

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Preferred shares, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred shares, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred shares, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred shares, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$21.41M	USD	Point-in-time
Preferred shares, shares issued	`PreferredStockSharesIssued`	3,677.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$44.96M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$39.69M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.98M	USD	Point-in-time
Preferred shares, shares issued	`PreferredStockSharesIssued`	3,677.00	shares	Point-in-time
Preferred shares, shares outstanding	`PreferredStockSharesOutstanding`	3,677.00	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$70.00K	USD	Point-in-time
Preferred shares, shares outstanding	`PreferredStockSharesOutstanding`	3,677.00	shares	Point-in-time
Short term investments	`ShortTermInvestments`	$45.23M	USD	Point-in-time
Preferred shares, liquidation preference	`PreferredStockLiquidationPreference`	$3.68M	USD	Point-in-time
Preferred shares, liquidation preference	`PreferredStockLiquidationPreference`	$3.68M	USD	Point-in-time
Short term investments	`ShortTermInvestments`	$45.34M	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
Accounts receivable, net	`AccountsReceivableNetCurrent`	$14.11M	USD	Point-in-time
Common shares, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other receivables	`OtherReceivables`	$969.00K	USD	Point-in-time
Other receivables	`OtherReceivables`	$1.04M	USD	Point-in-time
Common shares, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Common shares, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Common shares, shares issued	`CommonStockSharesIssued`	52.97M	shares	Point-in-time
Common shares, shares issued	`CommonStockSharesIssued`	52.97M	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
Common shares, shares outstanding	`CommonStockSharesOutstanding`	27.13M	shares	Point-in-time
Inventory	`InventoryNet`	$3.45M	USD	Point-in-time
Inventory	`InventoryNet`	$6.06M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	25.84M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	25.84M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.29M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.87M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$1.61M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$1.69M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$89.42M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$82.58M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$258.00K	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$251.00K	USD	Point-in-time
Trademarks, net	`IntangibleAssetsNetExcludingGoodwill`	$219.00K	USD	Point-in-time
Trademarks, net	`IntangibleAssetsNetExcludingGoodwill`	$219.00K	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$1.08M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$1.12M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$104.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$69.00K	USD	Point-in-time
Total Assets	`Assets`	$91.04M	USD	Point-in-time
Total Assets	`Assets`	$84.28M	USD	Point-in-time
Current maturities of long-term borrowings	`DebtCurrent`	$43.00K	USD	Point-in-time
Current maturities of long-term borrowings	`DebtCurrent`	$43.00K	USD	Point-in-time
Accounts payable and other current liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$13.03M	USD	Point-in-time
Accounts payable and other current liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$7.79M	USD	Point-in-time
Accrued sales returns	`AccruedSalesReturns`	$1.06M	USD	Point-in-time
Accrued sales returns	`AccruedSalesReturns`	$965.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.34M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.28M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$15.47M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$10.08M	USD	Point-in-time
Long-term borrowings	`LongTermDebtAndCapitalLeaseObligations`	$19.00K	USD	Point-in-time
Long-term borrowings	`LongTermDebtAndCapitalLeaseObligations`	$30.00K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$198.00K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$194.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$15.69M	USD	Point-in-time
Total Liabilities	`Liabilities`	$10.30M	USD	Point-in-time
Preferred shares -$.01 par value, 10,000,000 shares authorized at June 30, 2013 and March 31, 2013, respectively; 3,677 shares issued and outstanding at June 30, 2013 and March 31, 2013, respectively; liquidation preference of $3,677,000 at June 30, 2013 and March 31, 2013, respectively	`PreferredStockValue`	$3.31M	USD	Point-in-time
Preferred shares -$.01 par value, 10,000,000 shares authorized at June 30, 2013 and March 31, 2013, respectively; 3,677 shares issued and outstanding at June 30, 2013 and March 31, 2013, respectively; liquidation preference of $3,677,000 at June 30, 2013 and March 31, 2013, respectively	`PreferredStockValue`	$3.31M	USD	Point-in-time
Common shares - $.01 par value, 75,000,000 shares authorized, 52,965,797 shares issued at June 30, 2013 and March 31, 2013, respectively; 27,129,832 shares outstanding at June 30, 2013 and March 31, 2013, respectively	`CommonStockValue`	$529.00K	USD	Point-in-time
Common shares - $.01 par value, 75,000,000 shares authorized, 52,965,797 shares issued at June 30, 2013 and March 31, 2013, respectively; 27,129,832 shares outstanding at June 30, 2013 and March 31, 2013, 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`	$-4.42M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.05M	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`	$75.35M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$84.28M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$91.04M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net product sales	`SalesRevenueGoodsNet`	$23.48M	USD	1 Quarter
Net product sales	`SalesRevenueGoodsNet`	$44.88M	USD	1 Quarter
Licensing revenue	`LicensesRevenue`	$1.17M	USD	1 Quarter
Licensing revenue	`LicensesRevenue`	$1.14M	USD	1 Quarter
Net revenues	`SalesRevenueNet`	$24.65M	USD	1 Quarter
Net revenues	`SalesRevenueNet`	$46.01M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$20.98M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$39.17M	USD	1 Quarter
Other operating costs and expenses	`OtherCostOfOperatingRevenue`	$151.00K	USD	1 Quarter
Other operating costs and expenses	`OtherCostOfOperatingRevenue`	$408.00K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.19M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.01M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$23.32M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$41.59M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.33M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$4.42M	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$222.00K	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$31.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.55M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.45M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$613.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$182.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.84M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.37M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.05	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.14	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.14	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.05	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 52 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$3.84M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.37M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$28.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$26.00K	USD	1 Quarter
Deferred tax expense	`DeferredIncomeTaxExpenseBenefit`	$124.00K	USD	1 Quarter
Deferred tax expense	`DeferredIncomeTaxExpenseBenefit`	$122.00K	USD	1 Quarter
Asset allowances, reserves and other	`AssetAllowancesReservesAndOther`	$-88.00K	USD	1 Quarter
Asset allowances, reserves and other	`AssetAllowancesReservesAndOther`	$-11.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$13.43M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$6.13M	USD	1 Quarter
Other receivables	`IncreaseDecreaseInOtherReceivables`	$70.00K	USD	1 Quarter
Other receivables	`IncreaseDecreaseInOtherReceivables`	$-203.00K	USD	1 Quarter
Due from affiliates	`IncreaseDecreaseDueFromAffiliates`	$-1.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-1.40M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$2.61M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$7.46M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.41M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-35.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$12.00K	USD	1 Quarter
Accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$9.55M	USD	1 Quarter
Accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$5.24M	USD	1 Quarter
Due to affiliates	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$-11.00K	USD	1 Quarter
Interest and income taxes payable	`IncreaseDecreaseInInterestAndIncomeTaxesPayable`	$274.00K	USD	1 Quarter
Interest and income taxes payable	`IncreaseDecreaseInInterestAndIncomeTaxesPayable`	$57.00K	USD	1 Quarter
Net cash (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.41M	USD	1 Quarter
Net cash (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.37M	USD	1 Quarter
Short term investment	`IncreaseDecreaseInShortTermInvestments`	$102.00K	USD	1 Quarter
Decrease in restricted cash	`IncreaseDecreaseInRestrictedCash`	$-70.00K	USD	1 Quarter
Decrease in restricted cash	`IncreaseDecreaseInRestrictedCash`	$-145.00K	USD	1 Quarter
Additions to property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$21.00K	USD	1 Quarter
Additions to property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.00K	USD	1 Quarter
Disposals of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$7.00K	USD	1 Quarter
Net cash (used) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$151.00K	USD	1 Quarter
Net cash (used) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-53.00K	USD	1 Quarter
Repayments of short-term borrowings	`RepaymentsOfShortTermDebt`	$-1.00K	USD	1 Quarter
Net (decrease) in capital lease and other rental obligations	`NetDecreaseInCapitalLeaseAndOtherRentalObligations`	$11.00K	USD	1 Quarter
Net (decrease) in capital lease and other rental obligations	`NetDecreaseInCapitalLeaseAndOtherRentalObligations`	$10.00K	USD	1 Quarter
Net cash (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-9.00K	USD	1 Quarter
Net cash (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-11.00K	USD	1 Quarter
Net (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.27M	USD	1 Quarter
Net (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.43M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$21.41M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$44.96M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$39.69M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$15.98M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$21.41M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$44.96M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$39.69M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$15.98M	USD	Point-in-time
Interest	`InterestPaid`	$3.00K	USD	1 Quarter
Interest	`InterestPaid`	$3.00K	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$2.00K	USD	1 Quarter

Comprehensive Income 5 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$3.84M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.37M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$427.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.37M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$4.27M	USD	1 Quarter

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