ENTERTAINMENT ARTS RESEARCH, INC. (EARI)
Operating out of Stone Mountain, Georgia, Entertainment Arts Research, Inc. specializes in the development, creation, and distribution of digital applications, video games, online media, and various forms of interactive entertainment.
Sector: Non-Operating Establishments
Industry: Beverages - Alcoholic
Entertainment Arts Research, Inc.
OTC:EARIConsumer Defensive · Beverages - Alcoholic
$0.0002
Mkt Cap$677K
Float3.38B
O/S3.38B
Inst Own-
SI<0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$0
Net Income-$177K
Total Assets$29.88M
Free Cash Flow-$14.96M
Debt & Equity
Debt 4%
Equity 96%
Preferred 0%
Total Debt$1.26M
Total Equity$28.56M
Preferred Stock$1K
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:20Reverse splitAug 23, 201720 shares → 1
Balance Sheet Details
Assets$29.88M
Liabilities$1.32M
Accounts Receivable$0
Accounts Payable$5K
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$29.88M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 |
| Revenue | $0 | $0 | $3.52M | $8.41M | $1.29M | $0 | $0 | $68K | $142K | $50K | $15K | $76K | $28K | $2K | $0 | $0 | $4K | $11K |
| YoY Growth | - | - | -58.1% | 550.1% | - | - | - | -52.1% | 186.4% | 226.8% | -80.0% | 166.0% | 1478.7% | - | - | - | -64.1% | - |
| Cost of Revenue | $0 | $0 | $2.6M | $3.71M | $1.28M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2K | $1K | $0 | $0 |
| Gross Profit | $0 | $0 | $918K | $4.69M | $11K | $0 | $0 | $68K | $142K | $50K | $0 | $0 | $0 | $0 | -$2K | -$1K | $0 | $0 |
| Gross Margin | - | - | 26.1% | 55.8% | 0.9% | - | - | 100.0% | 100.0% | 100.0% | - | - | - | - | - | - | - | - |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $49K | $88K | $2.67M | $4.23M | $748K | $115K | $70K | $2.28M | $668K | $1.26M | $294K | $2.03M | $35K | $131K | $1.48M | $1.74M | $337K | $14K |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $49K | $88K | $2.67M | $4.23M | $748K | $115K | $70K | $2.28M | $668K | $1.26M | $294K | $2.03M | $35K | $131K | $1.48M | $1.74M | $337K | $14K |
| Operating Income (EBIT) | -$49K | -$88K | -$1.75M | $466K | -$737K | -$115K | -$70K | -$2.21M | -$526K | -$1.21M | -$279K | -$1.95M | -$7K | -$130K | -$1.48M | -$1.74M | -$335K | -$8K |
| Operating Margin | - | - | -49.8% | 5.5% | -57.0% | - | - | -3254.9% | -371.0% | -2441.6% | -1842.9% | -2581.4% | -22.9% | -7194.8% | - | - | -8653.4% | -70.4% |
| Interest Expense | $128K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $89K | $75K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2K |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $555 | $0 | $10K | $10K |
| Other Income (Expense) | -$128K | $1.63M | $0 | $0 | -$42K | $5 | $0 | -$4K | -$89K | -$61K | -$230K | $0 | $0 | $0 | $555 | $0 | $71K | $8K |
| Income Before Tax (EBT) | -$177K | $1.54M | -$1.75M | $466K | -$779K | -$115K | -$70K | -$2.22M | -$615K | -$1.27M | -$509K | -$1.95M | -$7K | -$130K | -$1.48M | -$1.74M | -$264K | $223 |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$177K | $1.54M | -$1.75M | $466K | -$779K | -$115K | -$70K | -$2.22M | -$615K | -$1.27M | -$509K | -$1.95M | -$7K | -$130K | -$1.48M | -$1.74M | -$264K | $223 |
| Net Income Margin | - | - | -49.8% | 5.5% | -60.2% | - | - | -3261.1% | -433.7% | -2565.5% | -3360.5% | -2581.4% | -22.9% | -7194.8% | - | - | -6808.7% | 2.1% |
| Supplementary Data | ||||||||||||||||||
| EPS | 0.00 | 0.00 | -0.00 | 0.00 | -0.01 | -0.00 | -0.00 | -0.05 | -0.06 | -0.30 | -0.11 | -0.50 | -0.00 | -0.04 | -0.41 | -0.48 | -0.09 | 0.00 |
| Diluted EPS | 0.00 | 0.00 | -0.00 | 0.00 | -0.01 | -0.00 | -0.00 | -0.05 | -0.06 | -0.30 | -0.11 | -0.50 | -0.00 | -0.04 | -0.41 | -0.48 | -0.09 | 0.00 |
| Weighted Average OS | 3.51B | 3.17B | 466.07M | 144.97M | 120.47M | 45.56M | 45.56M | 45.28M | 10.21M | 4.18M | 4.51M | 3.90M | 3.63M | 3.49M | 3.58M | 3.65M | 2.82M | 2.00M |
| EBITDA | -$49K | $1.54M | -$1.75M | $466K | -$542K | -$115K | -$70K | -$2.22M | -$526K | -$1.2M | -$279K | -$1.95M | -$7K | -$130K | -$1.48M | -$1.74M | -$333K | -$3K |
| EBITDA Margin | - | - | -49.8% | 5.5% | -41.9% | - | - | -3261.1% | -371.0% | -2413.4% | -1842.9% | -2581.4% | -22.9% | -7194.8% | - | - | -8599.4% | -31.6% |
Balance Sheet
| Period | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2010 | FY 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2010-12-31 | 2009-12-31 |
| Assets | |||||||||||||||
| Current Assets | |||||||||||||||
| Cash and Cash Equivalents | $0 | $23K | $83K | $59K | $0 | $0 | $0 | $0 | $868 | $2K | $3K | $2K | $6K | $25K | $444K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.86M | $0 |
| Cash and Short-Term Investments | $0 | $23K | $83K | $59K | $0 | $0 | $0 | $0 | $868 | $2K | $3K | $2K | $6K | $2.88M | $444K |
| Accounts Receivable | $0 | $41K | $2.03M | $53K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $53K | $1.04M | $16K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3M | $0 | $30K | $0 |
| Total Current Assets | $0 | $117K | $3.15M | $129K | $0 | $0 | $0 | $0 | $868 | $2K | $3K | $3M | $6K | $2.91M | $444K |
| Long-Term Assets | |||||||||||||||
| Property, Plant & Equipment Net | $0 | $270K | $270K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $21K | $19K |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $417K | $417K | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $29.88M | $509K | $509K | $509K | $509K | $509K | $509K | $509K | $479K | $479K | $62K | $62K | $62K | $307K | $300K |
| Long-Term Investments | $0 | $34.69M | $20.21M | $12.23M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | -$509K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $509K | $0 | $0 | $0 | $0 | $0 | $0 | -$417K | -$417K | $0 | $0 | $0 | $58 | $0 |
| Total Long-Term Assets | $29.88M | $35.47M | $20.99M | $12.74M | $509K | $509K | $509K | $509K | $479K | $479K | $62K | $62K | $62K | $328K | $319K |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $29.88M | $35.58M | $24.14M | $12.87M | $509K | $509K | $509K | $509K | $480K | $481K | $65K | $3.07M | $68K | $3.24M | $763K |
| Liabilities | |||||||||||||||
| Current Liabilities | |||||||||||||||
| Accounts Payable | $5K | $2.21M | $1.59M | $465K | $61K | $0 | $0 | $61K | $45K | $35K | $24K | $15K | $0 | $126K | $21K |
| Short-Term Debt | $10K | $10K | $0 | $0 | $0 | $294K | $294K | $294K | $294K | $352K | $46K | $51K | $60K | $50K | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $8K | $358K | $8K | $8K | $8K | $69K | $69K | $8K | $4K | $146K | $0 | $0 | $0 | $0 | $0 |
| Total Current Liabilities | $70K | $2.58M | $1.59M | $473K | $69K | $363K | $363K | $363K | $343K | $533K | $70K | $66K | $60K | $435K | $38K |
| Long-Term Liabilities | |||||||||||||||
| Long-Term Debt | $1.25M | $6.13M | $8.81M | $812K | $294K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $1.25M | $6.13M | $8.81M | $812K | $294K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.32M | $8.71M | $10.4M | $1.29M | $363K | $363K | $363K | $363K | $343K | $533K | $70K | $66K | $60K | $435K | $38K |
| Stockholders' Equity | |||||||||||||||
| Preferred Stock | $1K | $946 | $506 | $498 | $269 | $269 | $269 | $269 | $249 | $249 | $242 | $279 | $510 | $285 | $25 |
| Common Stock | $31K | $5K | $1K | $1K | $564 | $564 | $507 | $504 | $3K | $965 | $811 | $960 | $725 | $729 | $729 |
| Retained Earnings | -$10.86M | -$12.4M | -$10.64M | -$11.11M | -$10.33M | -$10.33M | -$10.22M | -$10.15M | -$7.93M | -$7.32M | -$6.05M | -$5.54M | -$3.58M | -$5.29M | -$2.04M |
| Comprehensive Income & Other | $0 | -$5K | $24.38M | $22.7M | $10.48M | $10.48M | $10.36M | $10.29M | $8.07M | -$500K | $0 | $0 | $14K | -$319K | -$261K |
| Other Stockholders' Equity | $39.38M | $39.27M | $24.37M | $22.7M | $10.48M | $10.48M | $10.36M | $10.29M | $8.07M | $7.26M | $6.04M | $8.54M | $3.59M | $8.09M | $2.77M |
| Total Equity | $28.56M | $26.87M | $13.73M | $11.59M | $146K | $146K | $146K | $146K | $137K | -$52K | -$5K | $3M | $8K | $2.81M | $725K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $29.88M | $35.58M | $24.14M | $12.87M | $509K | $509K | $509K | $509K | $480K | $481K | $65K | $3.07M | $68K | $3.24M | $763K |
| Supplementary Data | |||||||||||||||
| Total Debt | $1.26M | $6.14M | $8.81M | $812K | $294K | $294K | $294K | $294K | $294K | $352K | $46K | $51K | $60K | $50K | $0 |
| Net Debt | $1.26M | $6.12M | $8.73M | $753K | $294K | $294K | $294K | $294K | $293K | $350K | $43K | $49K | $54K | $25K | -$444K |
Cash Flow Statement
| Period | FY 2023 | FY 2022 | FY 2021 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2010 | FY 2009 | FY 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2010-12-31 | 2009-12-31 | 2007-12-31 |
| Operating Activities | ||||||||||||||
| Net Income | -$1.75M | $466K | -$779K | -$115K | -$70K | -$2.22M | -$615K | -$1.27M | -$509K | -$1.95M | -$7K | -$1.48M | -$1.74M | $223 |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2K | $1K | $4K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | $2.02M | -$1.97M | -$53K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $985K | -$1.02M | -$3K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $693K | $1.24M | $505K | $0 | $0 | $16K | $10K | $11K | $9K | $15K | $0 | $105K | -$10K | $0 |
| Other Working Capital | -$16.9M | $938K | $269K | $0 | $0 | $4K | $0 | $14K | $230K | -$230K | $0 | $212K | $17K | $386 |
| Total Working Capital Change | -$13.2M | -$814K | $717K | $0 | $0 | $20K | $10K | $25K | $239K | -$215K | $0 | $316K | $7K | $386 |
| Other Non-Cash Items | $0 | $0 | $0 | $0 | $0 | $1.65M | $589K | $1.29M | $276K | $1.86M | $250 | $0 | $0 | $1K |
| Net Cash from Operating | -$14.96M | -$348K | -$61K | -$115K | -$70K | -$527K | -$6K | $54K | $6K | -$303K | -$6K | -$1.16M | -$1.73M | $6K |
| Investing Activities | ||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$337K | $0 | $0 | -$62K | -$11K | -$320K | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $120K | $0 | $0 | $0 | $0 | $262K | $0 | $0 | $0 | -$57 | $0 | $0 |
| Net Cash from Investing | $0 | $0 | $120K | $0 | $0 | $0 | $0 | -$75K | $0 | $0 | -$62K | -$11K | -$320K | $0 |
| Financing Activities | ||||||||||||||
| Debt Repaid | -$419K | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $704K | $2.25M | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $14.48M | $373K | $0 | $115K | $70K | $526K | $5K | $20K | $0 | $0 | $14K | $0 | $0 | $0 |
| Net Cash from Financing | $14.9M | $373K | $0 | $115K | $70K | $526K | $5K | $20K | -$5K | $300K | $74K | $754K | $2.25M | -$66K |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $439K |
| Net Change in Cash | -$61K | $24K | $59K | $0 | $0 | -$2K | -$776 | -$1K | $728 | -$4K | $5K | -$419K | $191K | $379K |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | -$14.96M | -$348K | -$61K | -$115K | -$70K | -$527K | -$6K | $54K | $6K | -$303K | -$6K | -$1.16M | -$1.73M | $6K |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$337K | $0 | $5 | -$3 | -$4K | -$20K | $0 |
| Free Cash Flow | -$14.96M | -$348K | -$61K | -$115K | -$70K | -$527K | -$6K | -$283K | $6K | -$303K | -$6K | -$1.17M | -$1.76M | $6K |
| Cash at Beginning | $83K | $59K | $0 | $0 | $0 | $868 | $2K | $3K | $2K | $6K | $520 | $444K | $253K | $0 |
| Cash at End | $23K | $83K | $59K | $0 | $0 | -$868 | $868 | $2K | $3K | $2K | $6K | $25K | $444K | $379K |