SMDM Singing Machine
The Singing Machine Company Inc., (“Company,” “Singing Machine,” “we,” “us,” or, “our”) is engaged in the development, production, marketing and distribution of consumer karaoke audio equipment, toy products, licensed products, accessories, music, and audio consumer electronic products. We contract for the manufacturing of all our electronic equipment products with factories located in China. We have also collaborated with a music content service provider that allows the Company to offer karaoke downloads, and streaming subscription services. This collaboration provides the Company with a distribution platform for digital music sales and subscriptions and furthermore it opens up the Company’s music sales to customers who purchase our competitors’ karaoke machines as well. The capabilities of the Company’s music distribution system include the ability to download or stream selections from this content library, creating the opportunity to open new revenue sources through the sale of subscriptions.
Company profile
Ticker
SMDM
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Astika ...
SEC CIK
Corporate docs
IRS number
953795478
Calendar
14 Jul 21
31 Jul 21
31 Mar 22
Financial summary
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Annual (USD) |
Mar 21 | Mar 20 | Mar 19 | Mar 18 | |
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Financial data from company earnings reports.
| Cash burn rate (estimated) | Burn method: Change in cash | Burn method: Operating income/loss | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 396.58K | 396.58K | 396.58K | 396.58K | 396.58K | 396.58K |
| Cash burn (monthly) | 142.26K | (positive/no burn) | 581.76K | (positive/no burn) | (positive/no burn) | (positive/no burn) |
| Cash used (since last report) | 571.46K | n/a | 2.34M | n/a | n/a | n/a |
| Cash remaining | -174.88K | n/a | -1.94M | n/a | n/a | n/a |
| Runway (months of cash) | -1.2 | n/a | -3.3 | n/a | n/a | n/a |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 6 Nov 20 | Judkowitz Harvey | Common stock | Other | Aquire J | No | No | 0.29 | 8,621 | 2.5K | 358,958 |
| 6 Nov 20 | Kling Joseph | Common stock | Other | Aquire J | No | No | 0.29 | 8,621 | 2.5K | 24,289 |
| 6 Nov 20 | Sak Hong Aka Philip Lau Lau | Common stock | Other | Aquire J | No | No | 0.29 | 8,621 | 2.5K | 24,289 |
| 6 Nov 20 | Lau Yat Tung | Common stock | Other | Aquire J | No | No | 0.29 | 8,621 | 2.5K | 53,146 |
| 6 Nov 20 | Hon Peter | Common stock | Other | Aquire J | No | No | 0.29 | 8,621 | 2.5K | 63,563 |
| 4 Nov 20 | Judkowitz Harvey | Options for Common Stock Common Stock | Other | Aquire J | No | No | 0.29 | 20,000 | 5.8K | 180,000 |
| 4 Nov 20 | Kling Joseph | Options for Common Stock Common Stock | Other | Aquire J | No | No | 0.29 | 20,000 | 5.8K | 80,000 |
| 4 Nov 20 | Sak Hong Aka Philip Lau Lau | Options for Common Stock Common Stock | Other | Aquire J | No | No | 0.29 | 20,000 | 5.8K | 80,000 |
| 4 Nov 20 | Lau Yat Tung | Options for Common Stock Common Stock | Other | Aquire J | No | No | 0.29 | 20,000 | 5.8K | 80,000 |
| 4 Nov 20 | Hon Peter | Options for Common Stock Common Stock | Other | Aquire J | No | No | 0.29 | 20,000 | 5.8K | 100,000 |
Content analysis
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| Negative | ||
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| Legalese | ||
| Litigous | ||
| Readability |
H.S. sophomore Avg
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New words:
advantage, ADVERSLY, arrived, ascertain, assortment, assuming, ASTM, begun, Bernadino, bigger, Bonaok, breadth, CAD, car, chip, comparison, compatibility, compatible, constitute, coordinate, country, County, COVID, CPK, cutoff, demographic, display, disproportionate, diverse, driven, Drug, ecommerce, effort, element, encouraging, exciting, extinguishment, factor, feedback, final, flagship, FOB, Food, forgiven, fun, gain, gained, heightened, identity, IHC, incorrectly, indefinitely, injected, introduction, investigated, joy, judgement, lawsuit, Los, mathematical, maximize, methodology, minimal, mission, mobile, notified, optimizing, pick, pitch, port, portability, portable, portfolio, premium, promulgated, proper, recalculating, refund, remediate, remediated, remediation, remittance, repeated, retention, revision, run, sample, San, SBA, screen, semiconductor, sensitivity, shortage, singer, SLRD, SMCL, SMCM, southern, speaker, speaking, speed, staffing, strive, structured, Superior, TFT, training, treasury, unavailability, unmatched, vacation, valid, vast, wired, wood, write, young
Removed:
advertise, affixed, aggregated, aggressively, alike, announced, annum, App, assemble, assembled, asserted, automatically, avoid, branded, broad, broader, build, capture, CE, challenged, circumvented, Classic, clearance, closely, closer, collaborated, command, commercial, community, complying, Concert, confident, consistently, copyright, creating, creation, defining, delivering, demonstrate, designated, disrupted, diversify, dividing, downloaded, echo, efficient, enhancement, ensure, ETL, Europe, European, exclusively, Fall, fifty, foot, frequently, Geared, Guangdong, HDMI, identifiable, Inflation, install, intangible, invalidated, involving, irrevocable, knowledgeable, labeled, larger, Las, leader, lessee, leverage, LIBOR, library, lien, Light, logo, manage, marking, merged, mutually, newly, newspaper, ninety, NTR, objective, opening, opportunity, organic, organically, originally, overproduction, packaged, packaging, Panasonic, partnership, patent, pertaining, petroleum, physical, platform, playback, playlist, priority, prohibition, proof, protected, Province, provincial, publishing, pursue, pursuing, reducing, refocused, rental, replacement, request, retained, safe, Sanyo, satisfied, scale, servicing, showing, similarly, sized, Smule, Sony, spectrum, spend, Star, Starlite, streamed, sublimit, submit, subsequently, subtraction, successful, Sybersound, tangible, themed, tightly, Toshiba, trusted, ULE, underproduction, Union, untapped, unused, Usage, user, vastly, verbally, visit, vocal, warehousing, warrantied, Youtube
Financial reports
10-K
2021 FY
Annual report
14 Jul 21
NT 10-K
Notice of late annual filing
30 Jun 21
10-Q
2021 Q3
Quarterly report
22 Feb 21
10-Q/A
2021 Q2
Quarterly report (amended)
19 Feb 21
10-Q/A
2021 Q1
Quarterly report (amended)
19 Feb 21
10-K/A
2020 FY
Annual report (amended)
19 Feb 21
NT 10-Q
Notice of late quarterly filing
17 Feb 21
10-Q
2021 Q2
Quarterly report
16 Nov 20
10-Q
2021 Q1
Quarterly report
19 Aug 20
NT 10-Q
Notice of late quarterly filing
14 Aug 20
Current reports
8-K
Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review
29 Jan 21
8-K
Other Events
15 Jul 20
8-K
Other Events
26 Jun 20
8-K
Entry into a Material Definitive Agreement
19 Jun 20
8-K
Entry into a Material Definitive Agreement
14 Feb 19
8-K
Departure of Directors or Certain Officers
8 May 17
8-K
Departure of Directors or Certain Officers
7 Jul 16
8-K
Changes in Registrant's Certifying Accountant
10 Jan 16
8-K
Departure of Directors or Certain Officers
9 Feb 15
8-K
Entry into a Material Definitive Agreement
15 Jul 14
Registration and prospectus
S-8 POS
Registration of securities for employees (post-effective amendment)
18 Oct 12
S-8 POS
Registration of securities for employees (post-effective amendment)
29 Nov 11
S-8 POS
Registration of securities for employees (post-effective amendment)
30 Aug 10
25-NSE
Exchange delisting
28 Oct 09
S-8 POS
Registration of securities for employees (post-effective amendment)
25 Aug 09
S-8 POS
Registration of securities for employees (post-effective amendment)
6 Oct 08
424B3
Prospectus supplement
18 Nov 07
S-3/A
Shelf registration (amended)
14 Nov 07
S-3
Shelf registration
30 Oct 07
S-8 POS
Registration of securities for employees (post-effective amendment)
17 Jun 07
Proxies
DEF 14A
Definitive proxy
25 Aug 20
DEF 14A
Definitive proxy
5 Feb 19
DEF 14A
Definitive proxy
6 Dec 17
DEF 14A
Definitive proxy
28 Dec 16
DEF 14A
Definitive proxy
10 Jan 16
DEF 14A
Definitive proxy
3 Dec 14
DEF 14A
Definitive proxy
15 Jan 14
DEF 14A
Definitive proxy
17 Jan 13
DEF 14A
Definitive proxy
8 Jan 12
DEF 14A
Definitive proxy
14 Dec 10
Other
UPLOAD
Letter from SEC
9 Mar 11
CORRESP
Correspondence with SEC
13 Feb 11
UPLOAD
Letter from SEC
30 Jan 11
CORRESP
Correspondence with SEC
18 Jan 11
CORRESP
Correspondence with SEC
11 Jan 11
CORRESP
Correspondence with SEC
2 Jan 11
UPLOAD
Letter from SEC
20 Dec 10
CORRESP
Correspondence with SEC
13 Dec 10
CORRESP
Correspondence with SEC
30 Nov 10
UPLOAD
Letter from SEC
16 Nov 10
Ownership
5
SINGING MACHINE / PETER HON ownership change
14 Jun 21
5
SINGING MACHINE / YAT TUNG LAU ownership change
14 Jun 21
5
SINGING MACHINE / SAK HONG AKA PHILIP LAU LAU ownership change
14 Jun 21
5
SINGING MACHINE / JOSEPH KLING ownership change
14 Jun 21
5
SINGING MACHINE / HARVEY JUDKOWITZ ownership change
14 Jun 21
4
SINGING MACHINE / LIONEL MARQUIS ownership change
31 Dec 20
4
SINGING MACHINE / GARY KEVIN ATKINSON ownership change
31 Dec 20
4
SINGING MACHINE / BERNARDO MELO ownership change
31 Dec 20
4
SINGING MACHINE / BERNARDO MELO ownership change
2 Sep 20
5
SINGING MACHINE / YAT TUNG LAU ownership change
21 Jul 20