10-Q Filing

EMERSON RADIO CORP CIK: 32621 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001564590-16-024369`
Period End Date	20160630
Filing Date	20160815
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	msn-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 32 Cash Flow Statement 48

Balance Sheet 71 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
Preferred shares, shares outstanding	`PreferredStockSharesOutstanding`	3,677.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$43.48M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$27.67M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$42.73M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$30.10M	USD	Point-in-time
Preferred shares, shares outstanding	`PreferredStockSharesOutstanding`	3,677.00	shares	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
Short term investments	`ShortTermInvestments`	$20.16M	USD	Point-in-time
Common shares, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Short term investments	`ShortTermInvestments`	$10.15M	USD	Point-in-time
Common shares, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common shares, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$2.80M	USD	Point-in-time
Common shares, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$1.46M	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
Royalty receivable	`RoyaltiesReceivables`	$225.00K	USD	Point-in-time
Royalty receivable	`RoyaltiesReceivables`	$1.29M	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`	$2.06M	USD	Point-in-time
Inventory	`InventoryNet`	$3.83M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	25.84M	shares	Point-in-time
Prepaid purchases	`PrepaidPurchasesCurrent`	$871.00K	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	25.84M	shares	Point-in-time
Prepaid purchases	`PrepaidPurchasesCurrent`	$943.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$605.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$556.00K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$59.95M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$58.33M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$27.00K	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$29.00K	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$1.40M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$1.38M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$132.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$131.00K	USD	Point-in-time
Total Non-current Assets	`AssetsNoncurrent`	$1.56M	USD	Point-in-time
Total Non-current Assets	`AssetsNoncurrent`	$1.54M	USD	Point-in-time
Total Assets	`Assets`	$61.49M	USD	Point-in-time
Total Assets	`Assets`	$59.89M	USD	Point-in-time
Accounts payable and other current liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$1.69M	USD	Point-in-time
Accounts payable and other current liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$1.98M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$1.88M	USD	Point-in-time
Due to affiliates	`DueToAffiliateCurrent`	$512.00K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$456.00K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$455.00K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$4.31M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.66M	USD	Point-in-time
Total Liabilities	`Liabilities`	$4.31M	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.66M	USD	Point-in-time
Series A Preferred shares 10,000,000 shares authorized; 3,677 shares issued and outstanding at June 30, 2016 and March 31, 2016 respectively; liquidation preference of $3,677,000 at June 30, 2016 and March 31, 2016, respectively	`PreferredStockValue`	$3.31M	USD	Point-in-time
Series A Preferred shares 10,000,000 shares authorized; 3,677 shares issued and outstanding at June 30, 2016 and March 31, 2016 respectively; liquidation preference of $3,677,000 at June 30, 2016 and March 31, 2016, respectively	`PreferredStockValue`	$3.31M	USD	Point-in-time
Common shares $0.01 par value, 75,000,000 shares authorized; 52,965,797 shares issued at June 30, 2016 and March 31, 2016, respectively; 27,129,832 shares outstanding at June 30, 2016 and March 31, 2016, 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 June 30, 2016 and March 31, 2016, respectively; 27,129,832 shares outstanding at June 30, 2016 and March 31, 2016, 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`	$-2.18M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.23M	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`	$57.23M	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$57.18M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$61.49M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$59.89M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net product sales	`SalesRevenueGoodsNet`	$5.47M	USD	1 Quarter
Net product sales	`SalesRevenueGoodsNet`	$18.29M	USD	1 Quarter
Licensing revenue	`LicensesRevenue`	$1.16M	USD	1 Quarter
Licensing revenue	`LicensesRevenue`	$1.23M	USD	1 Quarter
Net revenues	`SalesRevenueNet`	$6.63M	USD	1 Quarter
Net revenues	`SalesRevenueNet`	$19.51M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$17.00M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$5.10M	USD	1 Quarter
Other operating costs and expenses	`OtherCostOfOperatingRevenue`	$74.00K	USD	1 Quarter
Other operating costs and expenses	`OtherCostOfOperatingRevenue`	$133.00K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.32M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.49M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$6.72M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$19.40M	USD	1 Quarter
Operating (loss) income	`OperatingIncomeLoss`	$113.00K	USD	1 Quarter
Operating (loss) income	`OperatingIncomeLoss`	$-84.00K	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$51.00K	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$39.00K	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-33.00K	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$152.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$21.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$31.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-54.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$121.00K	USD	1 Quarter
Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	-	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 48 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$-54.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$121.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$17.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.00K	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.39M	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$5.06M	USD	1 Quarter
Royalty receivable	`IncreaseDecreaseInRoyaltiesReceivables`	$-2.09M	USD	1 Quarter
Royalty receivable	`IncreaseDecreaseInRoyaltiesReceivables`	$-1.07M	USD	1 Quarter
Due from affiliates	`IncreaseDecreaseDueFromAffiliates`	$512.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$1.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$1.78M	USD	1 Quarter
Prepaid purchases	`IncreaseDecreasePrepaidPurchases`	$72.00K	USD	1 Quarter
Prepaid purchases	`IncreaseDecreasePrepaidPurchases`	$-1.96M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$49.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-230.00K	USD	1 Quarter
Deferred tax assets and liabilities	`IncreaseDecreaseInDeferredTaxAssetsLiabilitiesNet`	$-17.00K	USD	1 Quarter
Deferred tax assets and liabilities	`IncreaseDecreaseInDeferredTaxAssetsLiabilitiesNet`	$18.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-1.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$24.00K	USD	1 Quarter
Accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$289.00K	USD	1 Quarter
Accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-141.00K	USD	1 Quarter
Long term liabilities	`IncreaseDecreaseInNoncurrentLiabilities`	$44.00K	USD	1 Quarter
Asset allowances, reserves and other	`IncreaseDecreaseInAssetAllowancesReservesAndOther`	$46.00K	USD	1 Quarter
Asset allowances, reserves and other	`IncreaseDecreaseInAssetAllowancesReservesAndOther`	$9.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$1.88M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInIncomeTaxes`	$1.00K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInIncomeTaxes`	$71.00K	USD	1 Quarter
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-718.00K	USD	1 Quarter
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$2.13M	USD	1 Quarter
Short term investment	`IncreaseDecreaseInShortTermInvestments`	$15.10M	USD	1 Quarter
Short term investment	`IncreaseDecreaseInShortTermInvestments`	$-10.00M	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$-500.00K	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.00K	USD	1 Quarter
Net cash provided (used) by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$10.50M	USD	1 Quarter
Net cash provided (used) by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-15.10M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-15.81M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$12.63M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$43.48M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$27.67M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$42.73M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$30.10M	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`	$27.67M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$42.73M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$30.10M	USD	Point-in-time
Interest	`InterestPaid`	$2.00K	USD	1 Quarter
Interest	`InterestPaid`	-	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$4.00K	USD	1 Quarter

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