Singing Machine Co (Singing Machine Co) Accumulated Depreciation : $-2.34 Mil (As of Dec. 2023)

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What is Singing Machine Co Accumulated Depreciation?

Note: A negative number here means the assets are depreciated. When depricates more, the absolute value gets bigger.

Singing Machine Co's quarterly accumulated depreciation declined from Jun. 2023 ($-2.57 Mil) to Sep. 2023 ($0.00 Mil) but then increased from Sep. 2023 ($0.00 Mil) to Dec. 2023 ($-2.34 Mil).

Singing Machine Co's annual accumulated depreciation increased from Mar. 2021 ($-1.90 Mil) to Mar. 2022 ($-2.10 Mil) and increased from Mar. 2022 ($-2.10 Mil) to Mar. 2023 ($-2.39 Mil).

Singing Machine Co Accumulated Depreciation Historical Data

The historical data trend for Singing Machine Co's Accumulated Depreciation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Singing Machine Co Accumulated Depreciation Chart

Singing Machine Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accumulated Depreciation

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-1.39

-1.60

-1.90

-2.10

-2.39

Singing Machine Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accumulated Depreciation	Get a 7-Day Free Trial															-2.34	-2.39	-2.57	-	-2.34

Singing Machine Co Accumulated Depreciation Calculation

The cumulative depreciation of an asset up to a single point in its life. Regardless of the method used to calculate it, the depreciation of an asset during a single period is added to the previous period's accumulated depreciation to get the current accumulated depreciation.

Singing Machine Co Accumulated Depreciation Related Terms

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Singing Machine Co (Singing Machine Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Singing Machine Co Inc (NAS:MICS) » Definitions » Accumulated Depreciation

Comparable Companies

Traded in Other Exchanges

N/A

Address

6301 NW 5th Way, Suite 2900, Fort Lauderdale, FL, USA, 33309

Website

https://www.singingmachine.com

Singing Machine Co Inc is engaged in the development, production, marketing and distribution of consumer karaoke audio equipment, toy products, accessories, music, and audio consumer electronic products. It contracts for the manufacturing of all its electronic equipment products with factories located in China. The company has 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 music sales to customers. Geographically, it derives a majority of revenue from North America and also has a presence in Europe; Asia, and Australia.

Executives

Jay B Foreman	director	6301 NW 5TH WAY,, SUITE 2900, FORT LAUDERDALE FL 33309
Stingray Group Inc.	10 percent owner	730 WELLINGTON STREET, MONTREAL A8 H3C 1T4
Ault Milton C Iii	10 percent owner	11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141
Bitnile Holdings, Inc.	10 percent owner	11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141
Henry Carl Nisser	director	100 PARK AVENUE, SUITE 1658A, NEW YORK NY 10017
James Michael Turner	director	1800 HICKORY RIDGE DRIVE, WAXHAW NC 28173
Kenneth S Cragun	director	3775 CHIPPEWA CIRCLE, CORONA CA 92881
Mathieu Peloquin	director	730 WELLINGTON STREET, MONTREAL A8 H3C 1T4
Eric Boyko	10 percent owner	730 WELLINGTON STREET, MONTREAL A8 H3C 1T4
Bernardo Melo	officer: VP Sales	6601 LYONS ROAD, BUILDING A 7, COCONUT CREEK FL 33073
Joseph Kling	director	5846 NW 24TH AVENUE (UNIT #203), BOCA RATON FL 33496
Lau Sak Hong Aka Philip Lau	director	SHING DAO INDUSTRIAL BUILDING SECURITIES, 232 ABERDEEN MAIN ROAD 5TH FLO K3 00000
Gary Kevin Atkinson	officer: Secretary	1266 S MILITARY TRAIL, APT 5314, DEERFIELD BEACH FL 33442
Carol Lau	director	THE SINGING MACHINE COMPANY INC, 6601 LYONS ROAD BUILDING A 7, COCONUT CREEK FL 33073
Anton Handal	officer: CEO	425 TYRONE STREET, EL CAJON CA 92020