2023 Q4 Form 10-Q Financial Statement

#000149315223040529 Filed on November 13, 2023

View on sec.gov

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

Files In Submission

Name View Source Status
0001493152-23-040529-index-headers.html Edgar Link pending
0001493152-23-040529-index.html Edgar Link pending
0001493152-23-040529.txt Edgar Link pending
0001493152-23-040529-xbrl.zip Edgar Link pending
ex31-1.htm Edgar Link pending
ex31-2.htm Edgar Link pending
ex32-1.htm Edgar Link pending
ex32-2.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
form10-q.htm Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
form10-q_htm.xml Edgar Link completed
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
srm-20230930.xsd Edgar Link pending
srm-20230930_cal.xml Edgar Link unprocessable
srm-20230930_def.xml Edgar Link unprocessable
srm-20230930_lab.xml Edgar Link unprocessable
srm-20230930_pre.xml Edgar Link unprocessable