RIME on Nasdaq
Algorhythm Holdings, Inc.
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Last updated Oct 16, 2026.
Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue99¢$5.7M
- Income tax1¢$47.0K
Out of $4.4M in revenue.3 The company lost money this year.
Financial statements
Every line of the income statement in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net Sales | $4.4M | $297.0K |
| Cost of Sales | $5.7M | $491.0K |
| Gross Loss | -$1.3M | -$194.0K |
| Selling expenses | $4.0K | |
| General and administrative expenses | $6.6M | $4.7M |
| Impairment of goodwill | $3.6M | |
| Total Operating Expenses | $6.6M | $8.2M |
| Loss From Operations | -$7.9M | -$8.4M |
| Change in fair value of warrant liability | -$6.5M | $334.0K |
| Loss on issuance of warrants | -$8.9M | |
| Interest expense, net | -$747.0K | -$1.9M |
| Total Other Expenses | -$7.2M | -$10.4M |
| Loss From Continuing Operations Before Income Tax | -$15.2M | -$18.9M |
| Income tax loss attributable to continuing operations | -$47.0K | |
| Net Loss From Continuing Operations | -$15.2M | -$18.9M |
| Net loss from discontinued operations | -$1.4M | -$5.5M |
| Net Loss | -$16.6M | -$24.4M |
| Net loss attributable to non-controlling interest | $701.0K | $1.1M |
| Net Loss Available to Common Shareholders | -$15.9M | -$23.3M |
| Loss per Common Share, Basic from continuing operations | -$6 | -$270 |
| Loss per Common Share, Diluted from continuing operations | -$6 | -$270 |
| Loss per Common Share, Basic from discontinued operations | -$1 | -$83 |
| Loss per Common Share, Diluted from discontinued operations | -$1 | -$83 |
| Loss per Common Share Basic | -$6.41 | -$353.87 |
| Loss per Common Share Diluted | -$6.41 | -$353.87 |
| Weighted Average Common and Common Equivalent Shares: Basic | 2.5M shares | 65.7K shares |
| Weighted Average Common and Common Equivalent Shares: Diluted | 2.5M shares | 65.7K shares |
Every line of the balance sheet in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash | $1.6M | $7.2M | |
| Restricted cash | $4.5M | ||
| Prepaid expenses and other current assets | $729.0K | $59.0K | |
| Current assets of discontinued operations | $8.6M | ||
| Total Current Assets | $7.9M | $16.8M | |
| Property and equipment, net | $22.0K | $2.0K | |
| Other non-current assets | $79.0K | ||
| Intangible assets, net | $2.0M | $345.0K | |
| Goodwill | $2.7M | $786.0K | $0 |
| Non-current assets of discontinued operations | $0 | $406.0K | |
| Total Assets | $12.7M | $18.3M | |
| Accounts payable | $1.4M | $387.0K | |
| Accrued expenses | $1.6M | $1.7M | |
| Other current liabilities | $69.0K | ||
| Warrant liability | $16.6M | ||
| Promissory notes payable, net | $9.1M | $50.0K | |
| Current liabilities of discontinued operations | $9.4M | ||
| Total Current Liabilities | $14.4M | $28.4M | |
| Long-term provision for employee benefits | $144.0K | ||
| Total Liabilities | $14.6M | $28.8M | |
| Common stock, $0.01 par value; 800,000,000 and 100,000,000 shares authorized; 3,414,542 and 470,825 shares issued and outstanding at December 31, 2025 and December 31, 2024 | $35.0K | $5.0K | |
| Additional paid-in capital | $65.7M | $39.7M | |
| Accumulated other comprehensive loss | -$25.0K | ||
| Accumulated deficit | -$65.0M | -$49.2M | |
| Non-controlling interest | -$1.7M | -$1.0M | |
| Treasury stock, 10,990 and -0- shares reserved at December 31, 2025 and December 31, 2024 | -$758.0K | ||
| Total Shareholders Deficit | -$1.9M | -$10.5M | $7.6M |
| Total Liabilities and Shareholders Deficit | $12.7M | $18.3M | |
| Allowance for doubtful accounts receivable, net | $113.0K | $127.0K | |
| Preferred stock, par value | $1.00 | $1.00 | |
| Preferred stock, shares authorized | 1.0M shares | 1.0M shares | |
| Preferred stock, shares issued | 0 shares | 0 shares | |
| Preferred stock, shares outstanding | 0 shares | 0 shares | |
| Common stock, par value | $0.01 | $0.01 | |
| Common stock, shares authorized | 800.0M shares | 100.0M shares | |
| Common stock, shares issued | 3.4M shares | 470.8K shares | |
| Common stock, shares outstanding | 3.4M shares | 470.8K shares | |
| Treasury stock, shares reserved | 11.0K shares | 0 shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss from continuing operations | -$15.2M | -$18.9M |
| Net foreign currency translation adjustment | -$31.0K | |
| Depreciation and amortization of property and equipment and intangible assets | $249.0K | $30.0K |
| Amortization of debt discount and issuance cost | $212.0K | $1.5M |
| Reduction in SMCB loan in exchange for services | $304.0K | $637.0K |
| Loss on allowance for credit loss | $439.0K | |
| Impairment of goodwill from purchase of SemiCab,Inc. | $3.6M | |
| Change in fair value of warrant liability | $6.5M | -$334.0K |
| Loss on issuance of warrants | $8.9M | |
| Stock-based compensation | $434.0K | $630.0K |
| Accounts receivable | -$621.0K | $72.0K |
| Prepaid expenses and other current assets | -$293.0K | -$46.0K |
| Other non-current assets | $49.0K | $14.0K |
| Accounts payable | $654.0K | -$345.0K |
| Accrued expenses | $263.0K | -$199.0K |
| Other current liabilities | $69.0K | |
| Provision for employee benefits | $144.0K | |
| Net cash used in operating activities attributable to continuing operations | -$7.3M | -$4.0M |
| Purchase of property and equipment | -$14.0K | |
| Capitalization of internal use software costs | -$419.0K | |
| Repurchase of shares of common stock | -$758.0K | |
| Pre-acquistion advances to SemiCab, Inc. | -$415.0K | |
| Cash received from acquisition of SemiCab, Inc. assets | $17.0K | |
| Cash received from acquisition of SMCB | $593.0K | |
| Advances to SMCB | -$1.2M | -$1.8M |
| Net cash used in investing activities attributable to continuing operations | -$1.8M | -$2.2M |
| Proceeds from sale of common stock and warrants, net of offering costs | $12.9M | |
| Proceeds from issuance of senior secured notes, net of discounts | $2.0M | |
| Proceeds from issuance of promissory notes, net of offering costs and discounts | $10.2M | |
| Payment of senior secured notes and debt issuance costs | -$2.6M | |
| Payment of promissory notes | -$427.0K | |
| Payment of promissory notes, related parties | -$100.0K | |
| Payments on merchant cash advances payable | -$631.0K | |
| Other | -$75.0K | |
| Net cash provided by financing activities attributable to continuing operations | $9.7M | $11.6M |
| Net cash used in operating activities attributable to discontinued operations | -$2.5M | -$5.1M |
| Net cash provided by investing activities attributable to discontinued operations | $845.0K | $122.0K |
| Total cash used in discontinued operations | -$1.7M | -$5.0M |
| Net change in cash | -$1.1M | $530.0K |
| Cash paid for interest | $246.0K | $591.0K |
| Reclassification of Series A warrants to equity | $7.9M | |
| Common stock issued for exercise of Series B warrants | $15.2M | |
| Issuance of common stock with debt | $943.0K | |
| Repurchase of common shares- related parties | $758.0K | |
| Effect of extinguishment of advances to SemiCab, Inc. | $415.0K | |
| Common stock issued for acquisition of SemiCab, Inc assets | $568.0K | |
| Common stock issued for acquisition of SMCB | $316.0K | |
| Promissory note issued for acquisition of SMCB | $1.8M | |
| Common stock issued as commitment fee | $191.0K | |
| Common stock issued upon settlement of prepaid purchases | $675.0K | |
| Conversion of promissory note payable into common stock | $138.0K |
Former names
- SINGING MACHINE CO INCAug 23, 1996 to Aug 30, 20242
Recent filings
- Oct 7, 20263
- Oct 7, 20264
- Oct 5, 20263 PRIMARY DOCUMENT
- Oct 5, 20264 PRIMARY DOCUMENT
- Oct 5, 20263 PRIMARY DOCUMENT
- Oct 5, 20264 PRIMARY DOCUMENT
- Oct 5, 20263 PRIMARY DOCUMENT
- Oct 5, 20264 PRIMARY DOCUMENT
- Sep 30, 20263 PRIMARY DOCUMENT
- Sep 23, 20268-K
- Sep 21, 20268-K
- Aug 14, 202610-Q
- Jul 24, 20268-K
- Jul 2, 20268-K
- Jun 22, 20268-K
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
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