SEC Comment Letter 0000000000-23-010953 to Loop Media, Inc. (LPTV) (CIK 0001643988)
Loop Media, Inc. (LPTV) (CIK 0001643988)
Date: Oct. 4, 2023 · CIK: 0001643988 · Accession: 0000000000-23-010953
AI Filing Summary & Sentiment
File numbers found in text: 001-41508
Letter
United States securities and exchange commission logo October 4, 2023 Neil Watanabe Chief Financial Officer Loop Media, Inc. 700 N. Central Ave, Suite 430 Glendale, CA 91203 Re:Loop Media, Inc. Form 10-K for Fiscal Year Ended September 30, 2022 Filed December 20, 2022 File No. 001-41508 Dear Neil Watanabe: We have reviewed your August 11, 2023 response to our comment letter and have the following comment(s). Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Unless we note otherwise, any references to prior comments are to comments in our June 6, 2023 letter.
FirstName LastNameNeil Watanabe Comapany NameLoop Media, Inc. October 4, 2023 Page 2 FirstName LastName Neil Watanabe Loop Media, Inc. October 4, 2023 Page 2 Form 10-K for Fiscal Year Ended September 30, 2022 Notes to Consolidated Financial Statements Note 2. Summary of Significant Accounting Policies Revenue recognition, page F-13 1.Refer to your response to comment 9. You state advertising revenue is not further disaggregated. It appears advertising revenue consists of amounts recognized as either a principal or an agent. Please tell us why you do not disaggregate advertising revenue on this basis. Please contact Aamira Chaudhry at 202-551-3389 or Doug Jones at 202-551-3309 if you have questions regarding comments on the financial statements and related matters. Sincerely, Division of Corporation Finance Office of Trade & Services
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United States securities and exchange commission logo
October 4, 2023
Neil Watanabe
Chief Financial Officer
Loop Media, Inc.
700 N. Central Ave, Suite 430
Glendale, CA 91203
Re:Loop Media, Inc.
Form 10-K for Fiscal Year Ended September 30, 2022
Filed December 20, 2022
File No. 001-41508
Dear Neil Watanabe:
We have reviewed your August 11, 2023 response to our comment letter and have the
following comment(s).
Please respond to this letter within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe a
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this letter, we may have additional comments. Unless
we note otherwise, any references to prior comments are to comments in our June 6, 2023 letter.
FirstName LastNameNeil Watanabe
Comapany NameLoop Media, Inc.
October 4, 2023 Page 2
FirstName LastName
Neil Watanabe
Loop Media, Inc.
October 4, 2023
Page 2
Form 10-K for Fiscal Year Ended September 30, 2022
Notes to Consolidated Financial Statements
Note 2. Summary of Significant Accounting Policies
Revenue recognition, page F-13
1.Refer to your response to comment 9. You state advertising revenue is not further
disaggregated. It appears advertising revenue consists of amounts recognized as either a
principal or an agent. Please tell us why you do not disaggregate advertising revenue on
this basis.
Please contact Aamira Chaudhry at 202-551-3389 or Doug Jones at 202-551-3309 if you
have questions regarding comments on the financial statements and related matters.
Sincerely,
Division of Corporation Finance
Office of Trade & Services