10-Q Filing

EMERSON RADIO CORP CIK: 32621 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0001564590-16-012774`
Period End Date	20151231
Filing Date	20160216
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	msn-20151231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 67 Cash Flow Statement 52

Balance Sheet 78 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`	$43.48M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$26.33M	USD	Point-in-time
Preferred shares, shares outstanding	`PreferredStockSharesOutstanding`	3,677.00	shares	Point-in-time
Preferred shares, shares outstanding	`PreferredStockSharesOutstanding`	3,677.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$24.21M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$27.61M	USD	Point-in-time
Preferred shares, liquidation preference	`PreferredStockLiquidationPreferenceValue`	$3.68M	USD	Point-in-time
Preferred shares, liquidation preference	`PreferredStockLiquidationPreferenceValue`	$3.68M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$500.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$500.00K	USD	Point-in-time
Short term investments	`ShortTermInvestments`	$20.11M	USD	Point-in-time
Common shares, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Short term investments	`ShortTermInvestments`	-	USD	Point-in-time
Common shares, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$4.28M	USD	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$3.04M	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
Royalty receivable	`RoyaltiesReceivables`	$1.29M	USD	Point-in-time
Royalty receivable	`RoyaltiesReceivables`	$3.52M	USD	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
Common shares, shares outstanding	`CommonStockSharesOutstanding`	27.13M	shares	Point-in-time
Inventory	`InventoryNet`	$4.67M	USD	Point-in-time
Common shares, shares outstanding	`CommonStockSharesOutstanding`	27.13M	shares	Point-in-time
Inventory	`InventoryNet`	$4.52M	USD	Point-in-time
Prepaid purchases	`PrepaidPurchasesCurrent`	$2.96M	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 purchases	`PrepaidPurchasesCurrent`	$1.15M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$583.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$702.00K	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$962.00K	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$976.00K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$60.93M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$59.95M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$77.00K	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$36.00K	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$651.00K	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$1.06M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$127.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$102.00K	USD	Point-in-time
Total Non-current Assets	`AssetsNoncurrent`	$814.00K	USD	Point-in-time
Total Non-current Assets	`AssetsNoncurrent`	$1.24M	USD	Point-in-time
Total Assets	`Assets`	$62.16M	USD	Point-in-time
Total Assets	`Assets`	$60.76M	USD	Point-in-time
Accounts payable and other current liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$1.65M	USD	Point-in-time
Accounts payable and other current liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$2.14M	USD	Point-in-time
Due to affiliates	`DueToAffiliateCurrent`	$500.00K	USD	Point-in-time
Due to affiliates	`DueToAffiliateCurrent`	$500.00K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$574.00K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$847.00K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.72M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.48M	USD	Point-in-time
Long term liabilities	`LongTermDebtNoncurrent`	$481.00K	USD	Point-in-time
Long term liabilities	`LongTermDebtNoncurrent`	$493.00K	USD	Point-in-time
Total Non-current Liabilities	`LiabilitiesNoncurrent`	$493.00K	USD	Point-in-time
Total Non-current Liabilities	`LiabilitiesNoncurrent`	$481.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.96M	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.22M	USD	Point-in-time
Series A 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
Series A 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 December 31, 2015 and March 31, 2015, respectively; 27,129,832 shares outstanding at December 31, 2015 and March 31, 2015, 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 December 31, 2015 and March 31, 2015, respectively; 27,129,832 shares outstanding at December 31, 2015 and March 31, 2015, respectively	`CommonStockValue`	$529.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$79.79M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$79.79M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.21M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.86M	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`	$58.20M	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$57.54M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$62.16M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$60.76M	USD	Point-in-time

Income Statement 67 line items

Line Item	Tag	Value	Unit	Period
Net product sales	`SalesRevenueGoodsNet`	$19.60M	USD	1 Quarter
Net product sales	`SalesRevenueGoodsNet`	$34.06M	USD	3 Qtrs
Net product sales	`SalesRevenueGoodsNet`	$57.30M	USD	3 Qtrs
Net product sales	`SalesRevenueGoodsNet`	$7.99M	USD	1 Quarter
Licensing revenue	`LicensesRevenue`	$1.16M	USD	1 Quarter
Licensing revenue	`LicensesRevenue`	$3.55M	USD	3 Qtrs
Licensing revenue	`LicensesRevenue`	$3.30M	USD	1 Quarter
Licensing revenue	`LicensesRevenue`	$5.79M	USD	3 Qtrs
Net revenues	`SalesRevenueNet`	$63.09M	USD	3 Qtrs
Net revenues	`SalesRevenueNet`	$37.61M	USD	3 Qtrs
Net revenues	`SalesRevenueNet`	$22.90M	USD	1 Quarter
Net revenues	`SalesRevenueNet`	$9.15M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$7.49M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$51.44M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$32.04M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$17.25M	USD	1 Quarter
Other operating costs and expenses	`OtherCostOfOperatingRevenue`	$60.00K	USD	1 Quarter
Other operating costs and expenses	`OtherCostOfOperatingRevenue`	$560.00K	USD	3 Qtrs
Other operating costs and expenses	`OtherCostOfOperatingRevenue`	$301.00K	USD	3 Qtrs
Other operating costs and expenses	`OtherCostOfOperatingRevenue`	$116.00K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.84M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$6.05M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.65M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$6.57M	USD	3 Qtrs
Total costs and expenses	`CostsAndExpenses`	$38.40M	USD	3 Qtrs
Total costs and expenses	`CostsAndExpenses`	$58.57M	USD	3 Qtrs
Total costs and expenses	`CostsAndExpenses`	$9.20M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$19.20M	USD	1 Quarter
Operating (loss) income	`OperatingIncomeLoss`	$4.51M	USD	3 Qtrs
Operating (loss) income	`OperatingIncomeLoss`	$-788.00K	USD	3 Qtrs
Operating (loss) income	`OperatingIncomeLoss`	$3.69M	USD	1 Quarter
Operating (loss) income	`OperatingIncomeLoss`	$-50.00K	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$151.00K	USD	3 Qtrs
Interest income, net	`InterestIncomeExpenseNet`	$121.00K	USD	3 Qtrs
Interest income, net	`InterestIncomeExpenseNet`	$43.00K	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$42.00K	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.74M	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.67M	USD	3 Qtrs
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-7.00K	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-667.00K	USD	3 Qtrs
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$-12.00K	USD	3 Qtrs
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$500.00K	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$1.60M	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$59.00K	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$1.11M	USD	3 Qtrs
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$882.00K	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$900.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$2.85M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-66.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$3.55M	USD	3 Qtrs
Net (loss) income	`NetIncomeLoss`	$-655.00K	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$-0.02	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.11	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.13	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.11	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.13	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$-0.02	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.13M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.13M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.13M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.13M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.13M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.13M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.13M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.13M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$2.85M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-66.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$3.55M	USD	3 Qtrs
Net (loss) income	`NetIncomeLoss`	$-655.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$41.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$57.00K	USD	3 Qtrs
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$5.64M	USD	3 Qtrs
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.98M	USD	3 Qtrs
Royalty receivable	`IncreaseDecreaseInRoyaltiesReceivables`	$-2.23M	USD	3 Qtrs
Royalty receivable	`IncreaseDecreaseInRoyaltiesReceivables`	$-681.00K	USD	3 Qtrs
Due to affiliates	`IncreaseDecreaseInDueToAffiliates`	$500.00K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$155.00K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-998.00K	USD	3 Qtrs
Prepaid purchases	`IncreaseDecreasePrepaidPurchases`	$-1.81M	USD	3 Qtrs
Prepaid purchases	`IncreaseDecreasePrepaidPurchases`	$510.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$181.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-119.00K	USD	3 Qtrs
Deferred tax assets and liabilities	`IncreaseDecreaseInDeferredTaxAssetsLiabilitiesNet`	$1.00M	USD	3 Qtrs
Deferred tax assets and liabilities	`IncreaseDecreaseInDeferredTaxAssetsLiabilitiesNet`	$393.00K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$25.00K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-44.00K	USD	3 Qtrs
Accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.10M	USD	3 Qtrs
Accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-487.00K	USD	3 Qtrs
Long term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$416.00K	USD	3 Qtrs
Long term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$12.00K	USD	3 Qtrs
Asset allowances, reserves and other	`IncreaseDecreaseInAssetAllowancesReservesAndOther`	$-412.00K	USD	3 Qtrs
Asset allowances, reserves and other	`IncreaseDecreaseInAssetAllowancesReservesAndOther`	$744.00K	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInIncomeTaxes`	$-273.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$223.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.24M	USD	3 Qtrs
Short term investment	`IncreaseDecreaseInShortTermInvestments`	$20.11M	USD	3 Qtrs
Short term investment	`IncreaseDecreaseInShortTermInvestments`	$-17.16M	USD	3 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$500.00K	USD	3 Qtrs
Additions to property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.00K	USD	3 Qtrs
Net cash (used) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-20.11M	USD	3 Qtrs
Net cash (used) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$16.65M	USD	3 Qtrs
Dividend paid	`PaymentsOfDividends`	$18.99M	USD	3 Qtrs
Net cash (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-18.99M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-15.87M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.12M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$43.48M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$26.33M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$24.21M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$27.61M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$43.48M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$26.33M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$24.21M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$27.61M	USD	Point-in-time
Interest	`InterestPaid`	-	USD	3 Qtrs
Interest	`InterestPaid`	-	USD	3 Qtrs
Income taxes	`IncomeTaxesPaid`	$4.00K	USD	3 Qtrs
Income taxes	`IncomeTaxesPaid`	$55.00K	USD	3 Qtrs

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