Loop Media Inc 2023年度报告

FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934 For the fiscal year ended September 30, 2024 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934 Commission file number:001-41508 LOOP MEDIA, INC.(Exact Name of Registrant as Specified in its Charter) Nevada47-3975872(State or Other Jurisdiction of Incorporation orOrganization)(I.R.S Employer Identification No.) 2600 West Olive Avenue, Suite 5470, Burbank, CA 91505(Address of Principal Executive Offices) (Zip Code) (213) 436-2100(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the SecuritiesAct.Yes No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of theAct.Yes No Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) ofthe Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrantwas required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or forsuch shorter period that the registrant was required to submit such files).Yes No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer,a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,”“accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the ExchangeAct. Large accelerated filerAccelerated filer Non-accelerated filer Smaller reporting company Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extendedtransition period for complying with any new or revised financial accounting standards provided pursuant to Section13(a) of the Exchange Act. Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment ofthe effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financialstatements of the registrant included in the filing reflect the correction of an error to previously issued financialstatements. Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis ofincentive-based compensation received by any of the registrant’s executive officers during the relevant recoveryperiod pursuant to §240.10D-1(b). Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).Yes No The aggregate market value of the voting and non-voting common stock held by non-affiliates computed byreference to the price at which the common stock was last sold, or the average bid and asked price of such commonstock, as of March 31, 2024, was $16,900,091. As of December 11, 2024, the registrant had 82,953,569 shares of common stock issued and outstanding. DOCUMENTS INCORPORATED BY REFERENCE None. TABLE OF CONTENTS ITEM 1.BUSINESS6ITEM 1A. RISK FACTORS19ITEM 1B. UNRESOLVED STAFF COMMENTS46ITEM 1C. CYBERSECURITY46ITEM 2.PROPERTIES47ITEM 3.LEGAL PROCEEDINGS48ITEM 4.MINE SAFETY DISCLOSURES48 ITEM 5.MARKET FOR REGISTRANT’S COMMON EQUITY,RELATED STOCKHOLDERMATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES49ITEM 6.SELECTED FINANCIAL DATA49ITEM 7.MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION ANDRESULTS OF OPERATIONS49ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK80ITEM 8.FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA80ITEM 9.CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTINGAND FINANCIAL DISCLOSURE80ITEM 9A. CONTROLS AND PROCEDURES81ITEM 9B. OTHER INFORMATION81ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENTINSPECTIONS81 PART III82 ITEM 10. DIRECTORS, EXECUTIVE OFFICERS, AND CORPORATE GOVERNANCE82ITEM 11. EXECUTIVE COMPENSATION85ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENTAND RELATED STOCKHOLDER MATTERS93ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTORINDEPENDENCE100ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES106 ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES107ITEM 16. FORM 10-K SUMMARY115 FORWARD-LOOKING STATEMENTS Except for historical information, this annual report on Form 1