LOOP MEDIA, INC.: 10-Q filed 2021-08-10

Name: LOOP MEDIA, INC.: 10-Q filed 2021-08-10
Creator: LOOP MEDIA, INC.

What LOOP MEDIA, INC. reported in its quarterly report filed 2021-08-10 (fiscal Q2 2021): 37 published measures, 101 facts as tagged in accession 0001558370-21-011034.

This filing

Form: 10-Q (quarterly report)
Filed: 2021-08-10
Fiscal period: fiscal Q2 2021
Accession: 0001558370-21-011034 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All LOOP MEDIA, INC. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2021-06-30	15,250,594	USD
At 2020-12-31	9,638,618	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2021-06-30	5,100,298	USD
At 2020-12-31	5,964,500	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit
At 2021-06-30	10,150,296	USD
At 2021-03-31	3,528,159	USD
At 2020-12-31	3,674,118	USD
At 2020-06-30	-15,964	USD
At 2020-03-31	1,221,126	USD
At 2019-12-31	73,626	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	-3,924,343	USD	91
2021-01-01 to 2021-06-30	-12,171,458	USD	181
2021-01-01 to 2021-03-31	-8,247,115	USD	90
2020-04-01 to 2020-06-30	-1,408,888	USD	91
2020-01-01 to 2020-06-30	-7,892,975	USD	182
2020-01-01 to 2020-03-31	-6,484,087	USD	91

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2021-01-01 to 2021-06-30	-4,713,000	USD	181
2020-01-01 to 2020-06-30	-2,257,822	USD	182

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	1,160,793	USD	91
2021-01-01 to 2021-06-30	1,954,836	USD	181
2020-04-01 to 2020-06-30	635,740	USD	91
2020-01-01 to 2020-06-30	1,462,128	USD	182

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2021-01-01 to 2021-06-30	5,554,179	USD	181
2020-01-01 to 2020-06-30	1,903,366	USD	182

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2021-01-01 to 2021-06-30	-749,937	USD	181
2020-01-01 to 2020-06-30	-7,727	USD	182

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2021-06-30	-53,715,602	USD
At 2020-12-31	-41,544,144	USD

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

Period	Value	Unit	Days
2021-01-01 to 2021-06-30	-1,586	USD	181

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2021-06-30	18,212	USD
At 2020-12-31	24,146	USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

Period	Value	Unit	Days
2021-01-01 to 2021-06-30	6,902,547	USD	181
2020-01-01 to 2020-06-30	1,671,798	USD	182

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	-3,871,735	USD	91
2021-01-01 to 2021-06-30	-11,708,554	USD	181
2020-04-01 to 2020-06-30	-1,174,959	USD	91
2020-01-01 to 2020-06-30	-3,619,483	USD	182

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2021-06-30	3,451,328	USD
At 2020-12-31	3,418,378	USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	632,094	USD	91
2021-01-01 to 2021-06-30	1,048,012	USD	181
2020-04-01 to 2020-06-30	245,104	USD	91
2020-01-01 to 2020-06-30	492,545	USD	182

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2021-06-30	2,950,987	USD
At 2020-12-31	3,728,271	USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

Period	Value	Unit	Days
At 2021-06-30	422,484	USD
At 2020-12-31	683,845	USD

Goodwill carrying amount

Recognized goodwill remaining after accumulated impairment. It arises from business combinations and does not measure the current value of the company’s brand.

Period	Value	Unit	Days
At 2021-06-30	6,412,808	USD
At 2020-12-31	583,086	USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

Period	Value	Unit	Days
At 2021-06-30	810,594	USD
At 2020-12-31	669,679	USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	4,269,169	USD	91
2021-01-01 to 2021-06-30	12,175,453	USD	181
2020-04-01 to 2020-06-30	1,638,038	USD	91
2020-01-01 to 2020-06-30	4,696,691	USD	182

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

Period	Value	Unit	Days
At 2021-06-30	27,096	USD
At 2020-12-31	90,300	USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	397,434	USD	91
2021-01-01 to 2021-06-30	466,899	USD	181
2020-04-01 to 2020-06-30	463,079	USD	91
2020-01-01 to 2020-06-30	1,077,208	USD	182

Cost of revenue

Costs attributed to goods produced and sold and services provided during the period. This is not the sum of every operating expense.

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	763,359	USD	91
2021-01-01 to 2021-06-30	1,487,937	USD	181
2020-04-01 to 2020-06-30	172,661	USD	91
2020-01-01 to 2020-06-30	384,920	USD	182

Selling, general and administrative expense

Selling and general administrative costs reported under this concept. It is an expense category, not a substitute for total operating expenses.

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	4,269,169	USD	91
2021-01-01 to 2021-06-30	12,175,453	USD	181
2020-04-01 to 2020-06-30	1,638,038	USD	91
2020-01-01 to 2020-06-30	4,696,691	USD	182

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit	Days
At 2021-06-30	127,316,716	shares
At 2020-12-31	118,128,008	shares

Cash including restricted cash

Cash, cash equivalents and restricted cash as reported in the cash flow reconciliation. Restricted amounts are not freely available, so this is not the same as unrestricted cash.

Period	Value	Unit
At 2021-06-30	929,403	USD
At 2020-12-31	838,161	USD
At 2020-06-30	649,262	USD
At 2019-12-31	1,011,445	USD

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

Period	Value	Unit	Days
At 2021-06-30	63,853,146	USD
At 2020-12-31	44,721,282	USD

Operating lease liability

Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.

Period	Value	Unit	Days
At 2021-06-30	280,840	USD
At 2020-12-31	353,896	USD

Net intangible assets excluding goodwill

Intangible assets other than goodwill after amortization and impairment. Internally developed intangibles are usually not recognized, so this understates what a company relies on.

Period	Value	Unit	Days
At 2021-06-30	4,741,550	USD
At 2020-12-31	3,169,266	USD

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

Period	Value	Unit	Days
At 2021-06-30	162,596	USD
At 2020-12-31	193,500	USD

Prepaid expenses and other current assets

Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.

Period	Value	Unit	Days
At 2021-06-30	516,354	USD
At 2020-12-31	64,765	USD

Net income available to common stockholders

Net income after preferred dividends and similar adjustments, the numerator for basic earnings per share. It can be lower than reported net income.

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	-3,924,343	USD	91
2021-01-01 to 2021-06-30	-12,171,458	USD	181
2020-04-01 to 2020-06-30	-1,408,888	USD	91
2020-01-01 to 2020-06-30	-11,692,975	USD	182

Other nonoperating income or expense

Other income or expense outside operations under this concept. The composition is filer-specific and can include one-time items.

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	-52,608	USD	91
2021-01-01 to 2021-06-30	-461,318	USD	181
2020-04-01 to 2020-06-30	-233,929	USD	91
2020-01-01 to 2020-06-30	-4,273,492	USD	182

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

Period	Value	Unit	Days
2021-01-01 to 2021-06-30	192,632	USD	181
2020-01-01 to 2020-06-30	27,175	USD	182

Proceeds from issuing common stock

Cash received from issuing common stock during the period. It is gross of costs only where the filer reports it so, and it does not include noncash issuances.

Period	Value	Unit	Days
2021-01-01 to 2021-06-30	3,155,000	USD	181
2020-01-01 to 2020-06-30	390,000	USD	182

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

Period	Value	Unit	Days
2021-01-01 to 2021-06-30	180,839	USD	181
2020-01-01 to 2020-06-30	-74,896	USD	182

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

Period	Value	Unit	Days
2021-01-01 to 2021-06-30	-63,204	USD	181
2020-01-01 to 2020-06-30	48,215	USD	182

Inspect the source

Entity: LOOP MEDIA, INC. / CIK 0001643988
Captured: 2026-09-21T17:23:07.806Z
SEC response SHA-256: 30d1d11922975c8ef6e46d28109048b369b496f285699988e2ad45242cd498cf

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Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

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