SMC Entertainment Files 2024 10-K with $1.38B Assets
Ticker: FYNN · Form: 10-K · Filed: Apr 15, 2025 · CIK: 1497230
| Field | Detail |
|---|---|
| Company | Smc Entertainment, Inc. (FYNN) |
| Form Type | 10-K |
| Filed Date | Apr 15, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-K, financials, acquisition
TL;DR
SMC Ent. 2024 10-K filed: $1.38B assets, $1.35B liabilities. Acquisition activity noted.
AI Summary
SMC Entertainment, Inc. filed its 2024 10-K on April 15, 2025, reporting its fiscal year ending December 31, 2024. The company's business address is 9170 Glades Road, Suite 150, Boca Raton, FL 33433. Key financial figures for the fiscal year include total assets of $1.38 billion and total liabilities of $1.35 billion. The filing also notes an acquisition agreement member related to ChainTrade, with events occurring in November 2024.
Why It Matters
This 10-K filing provides a comprehensive overview of SMC Entertainment's financial health and operational status for the 2024 fiscal year, crucial for investors and stakeholders to assess performance and future prospects.
Risk Assessment
Risk Level: medium — The company's financial structure with significant assets and liabilities, coupled with acquisition activities, suggests a medium level of risk and complexity.
Key Numbers
- $1.38B — Total Assets (Reported for the fiscal year ending 2024-12-31)
- $1.35B — Total Liabilities (Reported for the fiscal year ending 2024-12-31)
- 2024-12-31 — Fiscal Year End (The period covered by the 10-K filing)
- 2025-04-15 — Filing Date (Date the 10-K was submitted to the SEC)
- NV — State of Incorporation (Indicates the legal jurisdiction of the company)
Key Players & Entities
- SMC Entertainment, Inc. (company) — Filer of the 10-K report
- 2024-12-31 (date) — Fiscal year end
- 2025-04-15 (date) — Filing date
- 9170 Glades Road, Suite 150, Boca Raton, FL 33433 (address) — Business and mailing address
- $1.38 billion (dollar_amount) — Total assets for FY 2024
- $1.35 billion (dollar_amount) — Total liabilities for FY 2024
- ChainTrade (company) — Mentioned in relation to an acquisition agreement
FAQ
What were SMC Entertainment's total revenues for the fiscal year ending December 31, 2024?
The provided excerpt does not explicitly state the total revenues for the fiscal year ending December 31, 2024. It focuses on assets and liabilities.
What is the nature of the acquisition agreement involving ChainTrade mentioned in the filing?
The filing mentions an 'AcquisitionAgreementMember' related to 'ChainTrade' with dates in November 2024, but the specific details of the agreement are not elaborated in this excerpt.
What was the company's net income or loss for the fiscal year 2024?
The provided data does not include information on net income or loss for the fiscal year 2024.
When did SMC Entertainment change its former company name from SMC Recordings Inc.?
SMC Entertainment, Inc. changed its former company name from SMC Recordings Inc. on July 22, 2010.
What are the primary business activities of SMC Entertainment, Inc.?
SMC Entertainment, Inc. is classified under the Standard Industrial Classification code 7374, which corresponds to SERVICES-COMPUTER PROCESSING & DATA PREPARATION.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on April 15, 2025 regarding SMC Entertainment, Inc. (FYNN).