LOOP MEDIA, INC.: 10-Q filed 2022-05-10

Name: LOOP MEDIA, INC.: 10-Q filed 2022-05-10
Creator: LOOP MEDIA, INC.

What LOOP MEDIA, INC. reported in its quarterly report filed 2022-05-10 (fiscal Q2 2022): 44 published measures, 126 facts as tagged in accession 0001558370-22-007947.

This filing

Form: 10-Q (quarterly report)
Filed: 2022-05-10
Fiscal period: fiscal Q2 2022
Accession: 0001558370-22-007947 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 2022-03-31	9,727,367	USD
At 2021-09-30	11,818,706	USD

Total liabilities

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

Period	Value	Unit	Days
At 2022-03-31	13,169,477	USD
At 2021-09-30	8,823,003	USD

Stockholders equity

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

Period	Value	Unit
At 2022-03-31	-3,442,110	USD
At 2021-12-31	271,114	USD
At 2021-09-30	2,995,703	USD
At 2021-03-31	3,735,880	USD
At 2020-12-31	3,881,839	USD
At 2020-09-30	1,156,299	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
2022-01-01 to 2022-03-31	-4,974,830	USD	90
2021-10-01 to 2022-03-31	-9,248,825	USD	182
2021-10-01 to 2021-12-31	-4,273,995	USD	92
2021-01-01 to 2021-03-31	-8,247,115	USD	90
2020-10-01 to 2021-03-31	-13,923,339	USD	182
2020-10-01 to 2020-12-31	-5,676,224	USD	92

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
2021-10-01 to 2022-03-31	-5,598,220	USD	182
2020-10-01 to 2021-03-31	-4,350,902	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
2022-01-01 to 2022-03-31	4,879,839	USD	90
2021-10-01 to 2022-03-31	7,875,873	USD	182
2021-01-01 to 2021-03-31	794,043	USD	90
2020-10-01 to 2021-03-31	1,499,211	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
2021-10-01 to 2022-03-31	2,073,670	USD	182
2020-10-01 to 2021-03-31	4,226,230	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
2020-10-01 to 2021-03-31	-745,771	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 2022-03-31	-76,091,241	USD
At 2021-09-30	-66,842,416	USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

Period	Value	Unit	Days
2022-01-01 to 2022-03-31	136,595,986	shares	90
2021-10-01 to 2022-03-31	135,015,827	shares	182
2021-01-01 to 2021-03-31	120,153,908	shares	90
2020-10-01 to 2021-03-31	118,459,023	shares	182

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

Period	Value	Unit	Days
2022-01-01 to 2022-03-31	136,595,986	shares	90
2021-10-01 to 2022-03-31	135,015,827	shares	182
2021-01-01 to 2021-03-31	120,153,908	shares	90
2020-10-01 to 2021-03-31	118,459,023	shares	182

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

Period	Value	Unit	Days
2022-01-01 to 2022-03-31	-0.04	USD/shares	90
2021-10-01 to 2022-03-31	-0.07	USD/shares	182
2021-01-01 to 2021-03-31	-0.07	USD/shares	90
2020-10-01 to 2021-03-31	-0.12	USD/shares	182

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

Period	Value	Unit	Days
2022-01-01 to 2022-03-31	-0.04	USD/shares	90
2021-10-01 to 2022-03-31	-0.07	USD/shares	182
2021-01-01 to 2021-03-31	-0.07	USD/shares	90
2020-10-01 to 2021-03-31	-0.12	USD/shares	182

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
2022-01-01 to 2022-03-31	800	USD	90
2021-10-01 to 2022-03-31	1,051	USD	182
2021-01-01 to 2021-03-31	1,586	USD	90
2020-10-01 to 2021-03-31	99,830	USD	182

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 2022-03-31	30,356	USD
At 2021-09-30	38,936	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
2021-10-01 to 2022-03-31	2,665,724	USD	182
2020-10-01 to 2021-03-31	6,046,053	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
2022-01-01 to 2022-03-31	-4,527,209	USD	90
2021-10-01 to 2022-03-31	-8,885,832	USD	182
2021-01-01 to 2021-03-31	-7,836,819	USD	90
2020-10-01 to 2021-03-31	-13,020,790	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 2022-03-31	6,820,478	USD
At 2021-09-30	8,469,928	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
2022-01-01 to 2022-03-31	494,389	USD	90
2021-10-01 to 2022-03-31	998,506	USD	182
2021-01-01 to 2021-03-31	415,918	USD	90
2020-10-01 to 2021-03-31	811,823	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 2022-03-31	10,176,110	USD
At 2021-09-30	4,365,403	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 2022-03-31	2,260,046	USD
At 2021-09-30	1,147,585	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 2022-03-31	1,970,321	USD
At 2021-09-30	1,970,321	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 2022-03-31	4,626,858	USD
At 2021-09-30	1,571,226	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
2022-01-01 to 2022-03-31	5,891,831	USD	90
2021-10-01 to 2022-03-31	11,801,511	USD	182
2021-01-01 to 2021-03-31	7,906,284	USD	90
2020-10-01 to 2021-03-31	13,333,381	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 2022-03-31	62,083	USD
At 2021-09-30	223,048	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
2022-01-01 to 2022-03-31	1,364,622	USD	90
2021-10-01 to 2022-03-31	2,915,679	USD	182
2021-01-01 to 2021-03-31	69,465	USD	90
2020-10-01 to 2021-03-31	312,591	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
2022-01-01 to 2022-03-31	3,515,217	USD	90
2021-10-01 to 2022-03-31	4,960,194	USD	182
2021-01-01 to 2021-03-31	724,578	USD	90
2020-10-01 to 2021-03-31	1,186,620	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
2022-01-01 to 2022-03-31	5,891,831	USD	90
2021-10-01 to 2022-03-31	11,801,511	USD	182
2021-01-01 to 2021-03-31	7,906,284	USD	90
2020-10-01 to 2021-03-31	10,942,582	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
At 2022-03-31	153,507,155	shares
At 2021-09-30	133,470,019	shares
At 2021-03-31	121,193,056	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 2022-03-31	637,998	USD
At 2021-09-30	4,162,548	USD
At 2021-03-31	1,101,480	USD
At 2020-09-30	1,971,923	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 2022-03-31	72,633,782	USD
At 2021-09-30	69,824,754	USD

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

Period	Value	Unit	Days
At 2022-03-31	158,980	USD
At 2021-09-30	237,094	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 2022-03-31	161,754	USD
At 2021-09-30	242,631	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 2022-03-31	646,556	USD
At 2021-09-30	702,778	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 2022-03-31	1,471,012	USD
At 2021-09-30	434,858	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 2022-03-31	406,757	USD
At 2021-09-30	1,645,037	USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

Period	Value	Unit	Days
2022-01-01 to 2022-03-31	-4,974,030	USD	90
2021-10-01 to 2022-03-31	-9,247,774	USD	182
2021-01-01 to 2021-03-31	-8,245,529	USD	90
2020-10-01 to 2021-03-31	-13,823,509	USD	182

Profit or loss including noncontrolling interests

Net income or loss including the portion attributable to noncontrolling interests. It can differ from the net income attributable to the parent that per-share figures use.

Period	Value	Unit	Days
2021-10-01 to 2022-03-31	-9,248,825	USD	182
2020-10-01 to 2021-03-31	-13,923,339	USD	182

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

Period	Value	Unit	Days
2021-10-01 to 2022-03-31	482,213	USD	182
2020-10-01 to 2021-03-31	94,086	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
2022-01-01 to 2022-03-31	-446,821	USD	90
2021-10-01 to 2022-03-31	-361,942	USD	182
2021-01-01 to 2021-03-31	-408,710	USD	90
2020-10-01 to 2021-03-31	-802,719	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
2021-10-01 to 2022-03-31	101,186	USD	182
2020-10-01 to 2021-03-31	105,627	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
2021-10-01 to 2022-03-31	1,250,000	USD	182
2020-10-01 to 2021-03-31	3,185,000	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
2021-10-01 to 2022-03-31	3,075,632	USD	182
2020-10-01 to 2021-03-31	40,961	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
2021-10-01 to 2022-03-31	-160,965	USD	182
2020-10-01 to 2021-03-31	-1,328	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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