2023 Q4 Form 10-Q Financial Statement
#000149315223040529 Filed on November 13, 2023
Income Statement
Concept | 2023 Q4 | 2023 Q3 | 2023 Q2 |
---|---|---|---|
Revenue | $1.204M | $1.128M | |
YoY Change | 37.35% | -25.67% | |
Cost Of Revenue | $859.4K | $898.7K | |
YoY Change | 32.29% | -19.43% | |
Gross Profit | $344.3K | $229.4K | |
YoY Change | 51.84% | -42.97% | |
Gross Profit Margin | 28.6% | 20.33% | |
Selling, General & Admin | $1.127M | $1.718M | $18.12K |
YoY Change | 180.17% | 264.96% | |
% of Gross Profit | 327.35% | 748.98% | |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $2.890K | $3.760K | |
YoY Change | 398.28% | 114.86% | |
% of Gross Profit | 0.84% | 1.64% | |
Operating Expenses | $1.127M | $1.718M | $18.12K |
YoY Change | 180.17% | 977.82% | 1218.41% |
Operating Profit | -$782.7K | -$1.488M | -$18.12K |
YoY Change | 345.93% | -713.04% | 1218.41% |
Interest Expense | $25.56K | $11.37K | |
YoY Change | -185.06% | ||
% of Operating Profit | |||
Other Income/Expense, Net | $0.00 | $1.678K | |
YoY Change | -100.0% | 11086.67% | |
Pretax Income | -$757.1K | -$1.487M | -$18.12K |
YoY Change | 269.66% | -378.67% | |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$757.1K | -$1.487M | $228.0K |
YoY Change | 269.66% | -712.31% | -22.7% |
Net Earnings / Revenue | -62.9% | -131.8% | |
Basic Earnings Per Share | -$0.19 | -$0.01 | |
Diluted Earnings Per Share | -$0.08 | -$0.19 | $0.00 |
COMMON SHARES | |||
Basic Shares Outstanding | 9.766M shares | 8.007M shares | 1.700M shares |
Diluted Shares Outstanding | 8.007M shares | 6.500M shares |
Balance Sheet
Concept | 2023 Q4 | 2023 Q3 | 2023 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $2.981M | $3.335M | $14.94K |
YoY Change | 38863.92% | 325.32% | |
Cash & Equivalents | $2.981M | $3.335M | $14.94K |
Short-Term Investments | |||
Other Short-Term Assets | $502.8K | $34.14K | $92.22K |
YoY Change | 641.32% | -93.55% | |
Inventory | $307.0K | $249.3K | |
Prepaid Expenses | $468.7K | $610.2K | $92.22K |
Receivables | $707.0K | $690.0K | |
Other Receivables | $0.00 | $0.00 | |
Total Short-Term Assets | $4.498M | $4.918M | $107.2K |
YoY Change | 117.25% | 151.24% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $45.46K | $48.35K | |
YoY Change | 387.09% | 59.46% | |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $45.46K | $48.35K | -$3.00 |
YoY Change | 387.09% | 59.46% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $4.498M | $4.918M | $107.2K |
Total Long-Term Assets | $45.46K | $48.35K | -$3.00 |
Total Assets | $4.543M | $4.967M | $107.2K |
YoY Change | 118.46% | 149.84% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $126.5K | $221.3K | $930.00 |
YoY Change | -66.62% | 42.96% | |
Accrued Expenses | $292.4K | $291.8K | |
YoY Change | 129.01% | ||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $134.2K |
YoY Change | -100.0% | -100.0% | |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $418.9K | $513.2K | $134.4K |
YoY Change | 3412.03% | -71.26% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $418.9K | $513.2K | $134.4K |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $418.9K | $513.2K | $134.4K |
YoY Change | -79.88% | -71.26% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$1.358M | -$600.8K | -$27.39K |
YoY Change | -295.11% | ||
Common Stock | $977.00 | $945.00 | $170.00 |
YoY Change | 50.31% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $4.124M | $4.454M | $187.4K |
YoY Change | |||
Total Liabilities & Shareholders Equity | $4.543M | $4.967M | $107.2K |
YoY Change | 118.46% | 149.84% |
Cashflow Statement
Concept | 2023 Q4 | 2023 Q3 | 2023 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$757.1K | -$1.487M | $228.0K |
YoY Change | 269.66% | -712.31% | -22.7% |
Depreciation, Depletion And Amortization | $2.890K | $3.760K | |
YoY Change | 398.28% | 114.86% | |
Cash From Operating Activities | -$354.1K | -$294.3K | $35.38K |
YoY Change | 9.52% | -200.31% | |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | $42.78K | |
YoY Change | -100.0% | 73.27% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $120.00 | -$350.3K | $13.75K |
YoY Change | -101.56% | ||
Cash From Investing Activities | $120.00 | -$393.1K | $39.83K |
YoY Change | -99.06% | 1492.06% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -120.0 | 3.561M | 125.8K |
YoY Change | -99.4% | ||
NET CHANGE | |||
Cash From Operating Activities | -354.1K | -294.3K | 35.38K |
Cash From Investing Activities | 120.0 | -393.1K | 39.83K |
Cash From Financing Activities | -120.0 | 3.561M | 125.8K |
Net Change In Cash | -354.1K | 2.874M | 201.0K |
YoY Change | 7.12% | 969.6% | |
FREE CASH FLOW | |||
Cash From Operating Activities | -$354.1K | -$294.3K | $35.38K |
Capital Expenditures | $0.00 | $42.78K | |
Free Cash Flow | -$354.1K | -$337.1K | |
YoY Change | 16.89% | -225.45% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001956744 | ||
CY2023Q3 | srm |
Loan To Affiliate
LoanToAffiliate
|
usd | |
CY2023Q3 | us-gaap |
Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
|
usd | |
CY2023Q3 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
usd | |
CY2022Q4 | srm |
Common Stock Payable
CommonStockPayable
|
usd | |
CY2022Q3 | us-gaap |
Interest Expense
InterestExpense
|
usd | |
us-gaap |
Interest Expense
InterestExpense
|
usd | ||
CY2023Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
usd | |
CY2022Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
usd | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
usd | ||
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
usd | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
usd | ||
CY2022Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
6293 | usd |
CY2023Q3 | us-gaap |
Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
|
291828 | usd |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
usd | ||
srm |
Loans From Parent
LoansFromParent
|
usd | ||
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
usd | ||
us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
usd | ||
us-gaap |
Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
|
usd | ||
us-gaap |
Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
|
usd | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
usd | ||
us-gaap |
Interest Paid Net
InterestPaidNet
|
usd | ||
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
usd | ||
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
usd | ||
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Document Quarterly Report
DocumentQuarterlyReport
|
true | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2023-09-30 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2023 | ||
dei |
Document Transition Report
DocumentTransitionReport
|
false | ||
dei |
Entity File Number
EntityFileNumber
|
001-41768 | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
SRM ENTERTAINMENT, INC. | ||
dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
NV | ||
dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
32-0686534 | ||
dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
1061 E. Indiantown Road | ||
dei |
Entity Address Address Line2
EntityAddressAddressLine2
|
Suite 110 | ||
dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
Jupiter | ||
dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
FL | ||
dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
33477 | ||
dei |
City Area Code
CityAreaCode
|
(407) | ||
dei |
Local Phone Number
LocalPhoneNumber
|
230-8100 | ||
dei |
Security12b Title
Security12bTitle
|
Common Stock, $.0001 par value per share | ||
dei |
Trading Symbol
TradingSymbol
|
SRM | ||
dei |
Security Exchange Name
SecurityExchangeName
|
NASDAQ | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | ||
dei |
Entity Small Business
EntitySmallBusiness
|
true | ||
dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
|
true | ||
dei |
Entity Ex Transition Period
EntityExTransitionPeriod
|
false | ||
dei |
Entity Shell Company
EntityShellCompany
|
false | ||
CY2023Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
9765500 | shares |
CY2023Q3 | us-gaap |
Cash
Cash
|
3334829 | usd |
CY2022Q4 | us-gaap |
Cash
Cash
|
453516 | usd |
CY2023Q3 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
689972 | usd |
CY2022Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
621090 | usd |
CY2023Q3 | us-gaap |
Inventory Net
InventoryNet
|
249287 | usd |
CY2022Q4 | us-gaap |
Inventory Net
InventoryNet
|
290200 | usd |
CY2023Q3 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
610196 | usd |
CY2022Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
629897 | usd |
CY2022Q4 | srm |
Loan To Affiliate
LoanToAffiliate
|
7699 | usd |
CY2023Q3 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
34144 | usd |
CY2022Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
67829 | usd |
CY2023Q3 | us-gaap |
Assets Current
AssetsCurrent
|
4918428 | usd |
CY2022Q4 | us-gaap |
Assets Current
AssetsCurrent
|
2070231 | usd |
CY2023Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
48349 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
9333 | usd |
CY2023Q3 | us-gaap |
Assets
Assets
|
4966777 | usd |
CY2022Q4 | us-gaap |
Assets
Assets
|
2079564 | usd |
CY2023Q3 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
221323 | usd |
CY2022Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
378804 | usd |
CY2022Q4 | us-gaap |
Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
|
1482673 | usd |
CY2022Q4 | us-gaap |
Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
|
214388 | usd |
CY2023Q3 | us-gaap |
Liabilities
Liabilities
|
513151 | usd |
CY2022Q4 | us-gaap |
Liabilities
Liabilities
|
2082158 | usd |
CY2023Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2022Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2022Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2023Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2022Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2023Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2022Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | shares |
CY2023Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
9450000 | shares |
CY2023Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
9450000 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
6500000 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
6500000 | shares |
CY2023Q3 | us-gaap |
Common Stock Value
CommonStockValue
|
945 | usd |
CY2022Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
650 | usd |
CY2023Q3 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
4118647 | usd |
CY2022Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
-699207 | usd |
CY2023Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-600766 | usd |
CY2022Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
695963 | usd |
CY2023Q3 | srm |
Common Stock Payable
CommonStockPayable
|
934800 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
4453626 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-2594 | usd |
CY2023Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
4966777 | usd |
CY2022Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
2079564 | usd |
CY2023Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1128062 | usd |
CY2022Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1517546 | usd |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
4556905 | usd | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
5199807 | usd | |
CY2023Q3 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
898712 | usd |
CY2022Q3 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
1115376 | usd |
us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
3583713 | usd | |
us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
4195629 | usd | |
CY2023Q3 | us-gaap |
Gross Profit
GrossProfit
|
229350 | usd |
CY2022Q3 | us-gaap |
Gross Profit
GrossProfit
|
402170 | usd |
us-gaap |
Gross Profit
GrossProfit
|
973192 | usd | |
us-gaap |
Gross Profit
GrossProfit
|
1004178 | usd | |
CY2023Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1717777 | usd |
CY2022Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
159375 | usd |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
2227433 | usd | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
470673 | usd | |
CY2023Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
1717777 | usd |
CY2022Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
159375 | usd |
us-gaap |
Operating Expenses
OperatingExpenses
|
2227433 | usd | |
us-gaap |
Operating Expenses
OperatingExpenses
|
470673 | usd | |
CY2023Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
13045 | usd |
CY2022Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
15 | usd |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
13359 | usd | |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
15 | usd | |
CY2023Q3 | us-gaap |
Interest Expense
InterestExpense
|
11367 | usd |
us-gaap |
Interest Expense
InterestExpense
|
55847 | usd | |
CY2023Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
1678 | usd |
CY2022Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
15 | usd |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-42489 | usd | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
15 | usd | |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1486749 | usd |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
242810 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-1296729 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
533520 | usd | |
CY2023Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.19 | |
CY2022Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.04 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.19 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.08 | ||
CY2023Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.19 | |
CY2022Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.04 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.19 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.08 | ||
CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
8007065 | shares |
CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
6500000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
7007875 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
6500000 | shares | |
CY2023Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
8007065 | shares |
CY2022Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
6500000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
7007875 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
6500000 | shares | |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-311295 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-4262 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-335557 | usd |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
294972 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-40585 | usd |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
242810 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
202225 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-2594 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-38002 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-40596 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
228022 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
187426 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
187426 | usd |
CY2023Q3 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
934800 | usd |
CY2023Q3 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
5168450 | usd |
CY2023Q3 | us-gaap |
Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
|
350301 | usd |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1486749 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
4453626 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
4453626 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-1296729 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
533520 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
934800 | usd | |
us-gaap |
Depreciation
Depreciation
|
3764 | usd | |
us-gaap |
Depreciation
Depreciation
|
1750 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
68882 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-17562 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-40913 | usd | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-19701 | usd | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-77168 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-157481 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-378079 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
77440 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
13275 | usd | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-33685 | usd | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-27304 | usd | |
srm |
Loans From Parent
LoansFromParent
|
893 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-412789 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
293393 | usd | |
us-gaap |
Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
|
42780 | usd | |
us-gaap |
Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
|
24685 | usd | |
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
350301 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-393081 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-24685 | usd | |
us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
5168450 | usd | |
us-gaap |
Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
|
7699 | usd | |
us-gaap |
Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
|
-1488966 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
3687183 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
2881313 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
268708 | usd | |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
453516 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
515373 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
3334829 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
784081 | usd |
us-gaap |
Interest Paid Net
InterestPaidNet
|
55847 | usd | |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<p id="xdx_80A_eus-gaap--NatureOfOperations_z4Ib13qUcjkd" style="margin: 0pt 0; font-family: Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Note 1 - <span id="xdx_823_zZE5ovYEjxQd">Organization and Business Operations</span></b></span></p> <p style="margin: 0pt 0; font-family: Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="margin: 0pt 0; font-family: Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">SRM. Entertainment Limited (“SRM Ltd”), is a limited company incorporated in the Hong Kong, now a Special Administrative Region of the People’s Republic of China, on January 23, 1981. SRM Entertainment, Inc. (“SRM Inc”) is a <span id="xdx_90A_edei--EntityIncorporationStateCountryCode_dd_c20230101__20230930_zi80xKygJ6rl" title="Entity incorporation, state of incorporation">Nevada</span> corporation and was incorporated on <span id="xdx_90A_edei--EntityIncorporationDateOfIncorporation_dd_c20230101__20230930_zUStU2tMzeq3" title="Entity incorporation, date of incorporation">April 22, 2022</span>. On August 14, 2023, SRM Inc merged with SRM Ltd. The merger of SRM Inc and SRM Ltd has been accounted for as a Reverse Acquisition (see <b>Basis of Presentation</b> below).</span></p> <p style="margin: 0pt 0; font-family: Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="margin: 0pt 0; font-family: Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s principal business is the design, manufacture, and sale of toys to premier theme parks.</span></p> <p style="margin: 0pt 0; font-family: Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | ||
dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
NV | ||
dei |
Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
|
2022-04-22 | ||
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-328701 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-1296729 | usd | |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-2594 | usd |
CY2022Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
11927 | usd |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_84C_eus-gaap--UseOfEstimates_zI2tqKFZKPHj" style="margin: 0pt 0 0pt 0pt; font-family: Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_865_zLjzaK97M8c2">Use of Estimates</span></b></span></p> <p style="margin: 0pt 0 0pt 0pt; font-family: Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="margin: 0pt 0 0pt 0pt; font-family: Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates.</span></p> <p style="margin: 0pt 0; font-family: Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | ||
CY2023Q3 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
0 | usd |
CY2022Q4 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
0 | usd |
CY2023Q3 | us-gaap |
Inventory Net
InventoryNet
|
249287 | usd |
CY2022Q4 | us-gaap |
Inventory Net
InventoryNet
|
290200 | usd |
CY2023Q3 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
689972 | usd |
CY2022Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
621090 | usd |
CY2023Q3 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
610196 | usd |
CY2023Q3 | srm |
Prepaid Deposits
PrepaidDeposits
|
504398 | usd |
CY2023Q3 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
54287 | usd |
CY2023Q3 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
51511 | usd |
CY2022Q3 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
518508 | usd |
CY2022Q3 | srm |
Prepaid Deposits
PrepaidDeposits
|
455508 | usd |
CY2022Q3 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
63000 | usd |
CY2023Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
48349 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
9333 | usd |
CY2022Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
2333 | usd |
CY2023Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
54446 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
11666 | usd |
CY2023Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
6097 | usd |
CY2022Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
2333 | usd |
CY2023Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
48349 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
9333 | usd |
CY2023Q3 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
34144 | usd |
CY2022Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
67829 | usd |
CY2022Q4 | us-gaap |
Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
|
1482673 | usd |
CY2022Q3 | us-gaap |
Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
|
0.06 | pure |
CY2022 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
50000 | usd |
CY2022Q4 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
19948 | usd |
CY2022 | us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
30052 | usd |
us-gaap |
Interest Expense
InterestExpense
|
55847 | usd | |
CY2023Q3 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
1538520 | usd |
CY2022Q4 | us-gaap |
Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
|
1482673 | usd |
us-gaap |
Interest Expense
InterestExpense
|
55847 | usd | |
CY2022 | srm |
Payments For Debt Expense
PaymentsForDebtExpense
|
6293 | usd |
CY2022Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
6293 | usd |
CY2023Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | shares |
CY2023Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2022Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
9450000 | shares |
CY2023Q3 | us-gaap |
Shares Issued
SharesIssued
|
515000 | shares |
srm |
Shares Issued Value
SharesIssuedValue
|
934800 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
934800 | usd | |
CY2023Q3 | srm |
Common Stock Payable
CommonStockPayable
|
934800 | usd |
CY2023Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2022Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2023Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2022Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 |