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SMC Entertainment Inc
Previous close
$0.0012
Day range
$0.0010 - $0.0012
Year range
$0.00050 - $0.0079
Market cap
971.23K USD
Avg Volume
4.59M
P/E ratio
-
Dividend yield
-
Primary exchange
OTCMKTS
Market news
Financials
Income Statement
Revenue
Net income
(USD) | Sep 2024info | Y/Y change |
---|---|---|
Revenue | — | — |
Operating expense | 247.25K | -13.61% |
Net income | 5.69M | 2,025.83% |
Net profit margin | — | — |
Earnings per share | — | — |
EBITDA | — | — |
Effective tax rate | — | — |
Balance Sheet
Total assets
Total liabilities
(USD) | Sep 2024info | Y/Y change |
---|---|---|
Cash and short-term investments | 1.75K | -90.22% |
Total assets | 95.55K | -75.00% |
Total liabilities | 11.54M | 250.02% |
Total equity | -11.44M | — |
Shares outstanding | 1.35B | — |
Price to book | -0.12 | — |
Return on assets | -648.06% | — |
Return on capital | 11.63% | — |
Cash Flow
Net change in cash
(USD) | Sep 2024info | Y/Y change |
---|---|---|
Net income | 5.69M | 2,025.83% |
Cash from operations | -83.51K | -48.06% |
Cash from investing | — | — |
Cash from financing | 83.84K | 152.31% |
Net change in cash | 334.00 | 101.44% |
Free cash flow | -5.99M | -5,191.57% |
About
SMC Recordings is an independent hip hop record label established in 2005 in Del Valle, Texas, by Charles Vasquez, Micheal Luna, and Saroj Thapa. SMC primarily signs and distributes established hip hop artists.
SMC grew out of a vision that Saroj Thapa had in early 2000s to launch a new kind of record label, one based in his hometown, that would be about hip hop music. Saroj crossed paths with Micheal Luna and Charles Vasquez, and SMC came one step closer to being realized. An ambitious Bay Area-bred music fan and aficionado, Bronson was covering East Texas's colorful hip hop scene for a fledgling urban music magazine called Showcase at the time. Saroj hired him as his partner and in the A&R position. His instincts were right—the first release brought in and shepherded by Bronson was Ya Boy's first cousins, Bay Area hip-hop artists San Quinn and Messy Marv. At one point, Bizzy Bone of Bone Thugs-N-Harmony was signed to SMC.
The recruitment of Tashjian's fellow industry icon George Nauful to steer the company's business affairs and financial sectors completed the foundation.
George Nauful and Will Bronson are no longer owners, officers, or employees of SMC Recordings. Wikipedia
Founded
1998
Headquarters
Website
Employees
5