Music Licensing Inc. (SONG)
Music Licensing, Inc., previously known as Nuvus Gro Corp., specializes in providing music licensing solutions, charging clients either monthly or annually. The company collects usage fees from a wide array of entities that incorporate music, spanning traditional broadcasters like television and radio stations, major broadcast and cable networks, and modern digital platforms such as internet and streaming services, along with satellite audio providers. They also generate revenue from physical establishments like nightclubs, hotels, bars, restaurants, various other venues, digital jukeboxes, and live concert events. A primary function of the company involves distributing these collected fees as royalty payments to songwriters, composers, and music publishers. Music Licensing, Inc. was founded in 2018 and is based in Naples, Florida.
Sector: Services-Amusement & Recreation Services
Industry: Entertainment
Music Licensing, Inc.
OTC:SONGCommunication Services · Entertainment
$0.0007
Mkt Cap$7
Float-
O/S10K
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$39.09M
Net Income-$7.04M
Total Assets$64.7M
Free Cash Flow-$12.13M
Debt & Equity
Debt 54%
Equity 46%
Total Debt$34.97M
Total Equity$29.23M
Shares Outstanding
Short Interest
Split History3 splits · 3 reverse
2-year cumulative
1:2,500,000,000Over cap
Past the 1:250 Nasdaq cap, ineligible for a bid-price compliance period
- 1:1,000,000Reverse splitDec 22, 20251,000,000 shares → 1
- 1:2,500Reverse splitJan 21, 20252,500 shares → 1
- 1:500,000Reverse splitMay 20, 2024500,000 shares → 1
Balance Sheet Details
Assets$64.7M
Liabilities$35.47M
Accounts Receivable$60.8M
Accounts Payable$489K
Inventory$0
PP&E (Net)$0
Goodwill$3.55M
Intangible Assets$348K
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | 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 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2018-03-31 | 2017-03-31 | 2014-09-30 | 2013-09-30 | 2012-09-30 | 2011-09-30 | 2010-09-30 | 2009-09-30 | 2008-09-30 | 2007-09-30 |
| Revenue | $39.09M | $128.87M | $1.05B | $42K | $20K | $749 | $0 | $0 | $330K | $27K | $76K | $130K | $0 | $30K | $0 | $0 | $0 | $0 |
| YoY Growth | -69.7% | -87.8% | 2529649.5% | 106.9% | 2583.7% | - | - | - | 1138.1% | -65.0% | -41.5% | - | - | - | - | - | - | - |
| Cost of Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $501K | $9.33M | $51K | $109K | $0 | $44K | $0 | $0 | $0 | $0 |
| Gross Profit | $0 | $128.87M | $1.05B | $42K | $20K | $749 | $0 | $0 | -$171K | -$9.31M | $25K | $21K | $0 | -$14K | $0 | $0 | $0 | $0 |
| Gross Margin | - | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | - | - | -51.9% | -34933.5% | 33.1% | 16.0% | - | -46.1% | - | - | - | - |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $816K | $748K | $664K | $194K | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $46.71M | $171.04M | $12.58M | $433K | $190K | $26K | $444K | $18K | $3.11M | $347K | $96K | $96K | $143K | $181K | $80K | $41K | $40K | $40K |
| Other | $3K | $12M | $993.67M | $11K | $18K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $46.71M | $183.04M | $1.01B | $444K | $208K | $26K | $444K | $19K | $3.11M | $347K | $912K | $844K | $807K | $375K | $80K | $41K | $40K | $40K |
| Operating Income (EBIT) | -$7.63M | -$54.16M | $46.03M | -$402K | -$188K | -$25K | -$444K | -$19K | -$3.28M | -$9.65M | -$887K | -$824K | -$807K | -$388K | -$80K | -$41K | -$40K | -$40K |
| Operating Margin | -19.5% | -42.0% | 4.4% | -967.6% | -935.1% | -3305.7% | - | - | -993.3% | -36234.0% | -1163.7% | -632.4% | - | -1294.7% | - | - | - | - |
| Interest Expense | $255 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2K | $810 | $3K | $3K | $3K | $0 | $0 | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $594K | -$257K | -$993.63M | $342K | -$26K | $0 | $4 | $0 | -$106K | -$125K | -$115K | -$3K | -$3K | -$3K | $0 | $0 | $0 | $0 |
| Income Before Tax (EBT) | -$7.04M | -$54.42M | $46.03M | -$61K | -$214K | -$25K | -$444K | -$19K | -$3.38M | -$9.78M | -$1M | -$827K | -$811K | -$392K | -$80K | -$41K | -$40K | -$40K |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$4 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$7.04M | -$54.42M | $46.03M | -$61K | -$214K | -$25K | -$444K | -$19K | -$3.38M | -$9.78M | -$1M | -$827K | -$811K | -$392K | -$80K | -$41K | -$40K | -$40K |
| Net Income Margin | -18.0% | -42.2% | 4.4% | -146.2% | -1062.2% | -3305.2% | - | - | -1025.4% | -36704.5% | -1315.0% | -634.9% | - | -1305.5% | - | - | - | - |
| Supplementary Data | ||||||||||||||||||
| EPS | -1404.25 | -4533980000.00 | 4184853000000.00 | -50000000000.00 | -106752000000.00 | -12500000000.00 | 0.00 | 0.00 | -75912500000000.00 | -226862500000000.00 | -13750000000000000.00 | -21625000000000000.00 | -27812500000000000.00 | -16687500000000000.00 | -18875000000000000.00 | -9625000000000000.00 | -9437500000000000.00 | -9562500000000000.00 |
| Diluted EPS | -1404.25 | -4533980000.00 | 4184853000000.00 | -50000000000.00 | -106752000000.00 | -12500000000.00 | 0.00 | 0.00 | -75912500000000.00 | -226862500000000.00 | -13750000000000000.00 | -21625000000000000.00 | -27812500000000000.00 | -16687500000000000.00 | -18875000000000000.00 | -9625000000000000.00 | -9437500000000000.00 | -9562500000000000.00 |
| Weighted Average OS | 5,010 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EBITDA | -$7.63M | $0 | $46.03M | $0 | $0 | $0 | $0 | $0 | -$3.38M | -$9.72M | -$1M | -$824K | -$807K | -$388K | -$80K | -$41K | -$40K | -$40K |
| EBITDA Margin | -19.5% | - | 4.4% | - | - | - | - | - | -1025.4% | -36477.2% | -1313.9% | -632.4% | - | -1294.7% | - | - | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2014 | FY 2013 | FY 2012 | FY 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2018-03-31 | 2017-03-31 | 2014-09-30 | 2013-09-30 | 2012-09-30 | 2011-09-30 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $20 | $1K | $415 | $996 | $176K | $749 | $0 | $0 | $31K | $9K | $11K | $8K | $3K | $4K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $20 | $1K | $415 | $996 | $176K | $749 | $0 | $0 | $31K | $9K | $11K | $8K | $3K | $4K |
| Accounts Receivable | $60.8M | $16.01M | $58.54M | $0 | $0 | $0 | $0 | $0 | $134K | $67K | $147K | $116K | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $36K | $31K | $4K | $4K | $4K | $4K |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $20K | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $60.8M | $16.01M | $58.54M | $996 | $176K | $749 | $5K | $0 | $232K | $124K | $162K | $128K | $7K | $8K |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $53K | $67K | $50K | $50K | $50K | $50K |
| Goodwill | $3.55M | $3.55M | $3.55M | $3.55M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $348K | $355K | $205K | $45K | $45K | $45K | $45K | $2K | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $453K | $635K | $0 | $3K | $3K | $0 |
| Total Long-Term Assets | $3.9M | $3.91M | $3.76M | $45K | $45K | $45K | $45K | $2K | $506K | $702K | $50K | $53K | $53K | $50K |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $64.7M | $19.92M | $62.3M | $46K | $221K | $46K | $50K | $2K | $737K | $826K | $212K | $180K | $60K | $58K |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $489K | $477K | $406K | $92K | $6K | $32K | $86K | $16K | $91K | $80K | $85K | $70K | $2K | $12K |
| Short-Term Debt | $34.97M | $0 | $0 | $0 | $200K | $0 | $0 | $0 | $0 | $0 | $24K | $38K | $35K | $35K |
| Current Income Tax Payable | $0 | $0 | $5K | $5K | $5K | $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 |
| Other Current Liabilities | $5K | $0 | $0 | -$0 | $0 | $0 | $10K | $0 | $878K | $782K | $221K | $195K | $291K | $202K |
| Total Current Liabilities | $35.47M | $482K | $410K | $97K | $210K | $36K | $95K | $16K | $1.03M | $1.5M | $463K | $515K | $492K | $327K |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $0 | $23.24M | $12.31M | $0 | $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 |
| Long-Term Deferred Tax Liabilities | $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 | $678K | $415K | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $0 | $23.24M | $12.31M | $0 | $0 | $0 | $0 | $0 | $678K | $415K | $0 | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $35.47M | $23.72M | $12.72M | $97K | $210K | $36K | $95K | $16K | $1.71M | $1.91M | $463K | $515K | $492K | $327K |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3K | $3K | $0 | $0 | $0 | $0 |
| Common Stock | $0 | $0 | $803K | $14K | $14K | $14K | $0 | $3K | $56K | $54K | $455K | $239K | $182K | $146K |
| Retained Earnings | $9.06M | -$22.74M | $31.68M | -$299K | -$238K | -$25K | -$45K | -$17K | -$13.56M | -$10.18M | -$3.03M | -$2.1M | -$1.2M | -$392K |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$56K | -$54K | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $20.17M | $18.93M | $17.1M | $234K | $234K | $20K | $0 | $0 | $12.53M | $9.04M | $2.33M | $1.52M | $587K | -$25K |
| Total Equity | $29.23M | -$3.8M | $49.58M | -$51K | $10K | $10K | -$45K | -$14K | -$975K | -$1.08M | -$251K | -$335K | -$433K | -$270K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $64.7M | $19.92M | $62.3M | $46K | $221K | $46K | $50K | $2K | $737K | $826K | $212K | $180K | $60K | $58K |
| Supplementary Data | ||||||||||||||
| Total Debt | $34.97M | $23.24M | $12.31M | $0 | $200K | $0 | $0 | $0 | $0 | $0 | $24K | $38K | $35K | $35K |
| Net Debt | $34.97M | $23.24M | $12.31M | -$996 | $24K | -$749 | $0 | $0 | -$31K | -$9K | $13K | $30K | $32K | $31K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2014 | FY 2013 | FY 2012 | FY 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2018-03-31 | 2017-03-31 | 2014-09-30 | 2013-09-30 | 2012-09-30 | 2011-09-30 |
| Operating Activities | ||||||||||||||
| Net Income | -$7.04M | -$54.42M | $46.03M | -$402K | -$214K | -$25K | -$444K | -$19K | -$3.38M | -$9.78M | -$1M | -$827K | -$811K | -$392K |
| Depreciation & Amortization | $0 | $54.19M | $0 | $402K | $188K | $25K | $444K | $19K | $0 | $59K | $0 | $0 | $0 | $0 |
| 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 | -$39.6M | $965.22M | -$1.05B | $0 | $0 | $0 | $0 | $0 | -$80K | -$17K | -$20K | -$127K | $0 | -$3K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$83K | $0 | $0 | $0 | -$4K |
| Accounts Payable | $11K | $0 | $12.62M | -$114K | -$26K | $0 | $69K | $0 | -$198K | $64K | $15K | $69K | -$10K | $6K |
| Other Working Capital | $0 | $0 | $0 | $0 | $0 | $0 | -$38K | -$2K | $0 | $574K | $694K | $535K | $646K | $93K |
| Total Working Capital Change | -$39.59M | $965.22M | -$1.04B | -$114K | -$26K | $0 | $31K | -$2K | -$278K | $538K | $689K | $477K | $636K | $91K |
| Other Non-Cash Items | $34.5M | -$977.61M | $993.63M | -$402K | -$166K | -$25K | -$444K | -$1K | $434K | $8.95M | $5K | $58K | $0 | $0 |
| Net Cash from Operating | -$12.13M | -$12.62M | $113K | -$516K | -$217K | -$25K | -$413K | -$3K | -$3.5M | -$382K | -$313K | -$350K | -$175K | -$300K |
| Investing Activities | ||||||||||||||
| Capital Expenditures | $0 | -$150K | -$160K | $0 | $0 | $0 | $0 | $0 | -$89K | -$7K | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | -$64.99M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $64.97M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $8K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $8K | -$150K | -$160K | $0 | -$22K | $0 | $0 | $0 | -$89K | -$7K | $0 | $0 | $0 | $0 |
| Financing Activities | ||||||||||||||
| Debt Repaid | - | -$10.93M | - | - | - | - | - | - | -$3.49M | - | - | - | -$45K | -$35K |
| Common Stock Issuance | $385K | $0 | $0 | $0 | $214K | $0 | $413K | $0 | $2K | $397K | $6K | $185K | $135K | $288K |
| Common Stock Repurchases | $0 | $0 | -$6K | $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 | $0 | $1.84M | $53K | $342K | $200K | $26K | $413K | $3K | $123K | $0 | $289K | $191K | $0 | -$25K |
| Net Cash from Financing | $12.12M | $12.77M | $47K | $342K | $414K | $26K | $413K | $3K | $3.62M | $397K | $295K | $376K | $174K | $304K |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$1K | $767 | -$580 | -$175K | $175K | $749 | $0 | $0 | $22K | -$2K | -$19K | $26K | -$593 | $4K |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | -$12.13M | -$12.62M | $113K | -$516K | -$217K | -$25K | -$413K | -$3K | -$3.5M | -$382K | -$313K | -$350K | -$175K | -$300K |
| Capital Expenditure | $0 | $0 | -$160K | $0 | -$4 | $0 | $0 | $0 | -$89K | -$7K | $0 | $0 | $0 | $0 |
| Free Cash Flow | -$12.13M | -$12.62M | -$47K | -$516K | -$217K | -$25K | -$413K | -$3K | -$3.59M | -$389K | -$313K | -$350K | -$175K | -$300K |
| Cash at Beginning | $1K | $415 | $996 | $176K | $749 | $31K | $31K | $0 | $9K | $11K | $29K | $3K | $4K | $0 |
| Cash at End | $20 | $1K | $415 | $996 | $176K | $749 | $31K | $0 | $31K | $9K | $11K | $29K | $3K | $4K |