MOVING iMAGE TECHNOLOGIES INC. Liquidation Value
Cash & Equivalents
Key Metrics
Cash Liquidation Value
- Long-Term Debt: not reported in this period (annual-only)
Liquid Liquidation Value
- Long-Term Debt: not reported in this period (annual-only)
Operating Liquidation Value
- Long-Term Debt: not reported in this period (annual-only)
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Adjust asset discounts and liability assumptions to see how assumptions affect the numbers.
Liquidation Ladder
| Metric | Total | Per Share |
|---|---|---|
| Cash Liquidation Value | $-213,000 | $-0.02 |
| Liquid Liquidation Value | $1.41M | $0.14 |
| Operating Liquidation Value | $4.59M | $0.46 |
Key Components (as of 2026-03-31)
| Cash & Equivalents | $2.36M |
| Accounts Receivable | $1.63M |
| Inventory | $3.18M |
| Current Liabilities | $3.23M |
| Long-term Debt (?) | N/A |
| Op. Lease Liability (?) | $727,000 |
| Finance Lease (?) | N/A |
| Shares Outstanding | 9.9M |
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Historical
| Period | Cash | AR | Inventory | AP | Curr Liab | LT Debt | Op Lease | Fin Lease |
|---|---|---|---|---|---|---|---|---|
| 2026-03-31 | $2.36M | $1.63M | $3.18M | $1.97M | $3.23M | N/A | $727,000 | N/A |
| 2025-12-31 | $3.91M | $962,000 | $3.08M | $2.13M | $3.66M | N/A | $794,000 | N/A |
| 2025-09-30 | $5.55M | $1.84M | $1.72M | $2.90M | $5.04M | N/A | $857,000 | N/A |
| 2025-06-30 | $5.71M | $1.46M | $2.07M | $3.01M | $5.11M | N/A | $918,000 | N/A |
| 2025-03-31 | $5.37M | $940,000 | $3.06M | $2.75M | $5.19M | N/A | $979,000 | N/A |
| 2024-12-31 | $5.32M | $749,000 | $2.12M | $1.64M | $3.80M | N/A | $1.04M | N/A |
| 2024-09-30 | $5.25M | $1.03M | $2.62M | $1.83M | $4.11M | N/A | $922,000 | N/A |
| 2024-06-30 | $5.28M | $1.05M | $3.12M | $2.26M | $4.81M | N/A | $0 | N/A |
SEC Filings
| Period | Form | Filed | Link |
|---|---|---|---|
| 2026-03-31 | 10-Q | 2026-05-14 | View |
| 2025-12-31 | 10-Q | 2026-02-12 | View |
| 2025-09-30 | 10-Q | 2025-11-14 | View |
| 2025-06-30 | 10-K/A | 2025-09-29 | View |
| 2025-06-30 | 10-K | 2025-09-26 | View |
| 2025-03-31 | 10-Q | 2025-05-15 | View |
| 2024-12-31 | 10-Q | 2025-02-13 | View |
| 2024-09-30 | 10-Q | 2024-11-14 | View |
AI Insights
MOVING iMAGE TECHNOLOGIES INC. (MITQ) is a micro-cap cinema equipment and services company with a fiscal year ending June 30. This 10-Q covers the quarter and nine months ended March 31, 2026. The TAG_CONTEXT input is empty — the filer emitted no XBRL fact tags that are available for direct tag-level analysis. All balance-sheet values referenced below are drawn from the filing narrative and financial statement prose.
Liquidation posture: The MFFAIS-derived metrics indicate a cash liquidation value of approximately $2.3M, liquid liquidation value of approximately $3.3M, and operating liquidation value of approximately $6.4M against an equity base that is thinly positive on a GAAP basis. These figures are consistent with the balance-sheet profile described in the filing.
Key asset observations from the narrative: Cash dropped materially from $5.715M at June 30, 2025 to approximately $2.400M at March 31, 2026 — a $3.3M decline driven primarily by a $1.5M Asset Purchase Agreement with QSC LLC in October 2025 for the Digital Cinema Speaker (DCS) product line plus subsequent DCS inventory purchases. At liquidation, cash recovers at 100%, producing approximately $2.4M. Intangible assets (customer relationships, patents, trademarks) carry a net book value of $320K at March 31, 2026, down from $364K at June 30, 2025; under the liquidation lens, intangibles are assigned zero recovery. The DCS acquisition added inventory and associated IP/intangibles; no separate impairment disclosure was made. Inventory levels increased significantly (net cash used in operating activities for the nine months was -$3.301M, with -$3.872M in working capital changes, heavily inventory-driven), implying a sizeable inventory balance subject to a 60% haircut. AR of at least $2.2M (two customers = 28% = ~$615K, implying total AR in the $2-$2.5M range) receives a 90-95% haircut.
Key liability observations: Operating lease liability totals $979K ($252K current, $727K long-term), with total future minimum payments of $1.134M running through January 2030. Under liquidation lens, the full $979K present-value liability stays at face. Accrued liabilities total $409K at March 31, 2026, up from $362K at June 30, 2025, driven by a $103K increase in accrued employee compensation. No funded debt, no pension obligations.
Net nine-month loss was approximately breakeven ($1K loss for nine months ended March 31, 2026 vs. $792K loss for comparable prior period), reflecting improved gross margins from DCS-related higher-margin products (31.5% vs. 27.5% year-over-year). The Q3 standalone quarter shows a $122K net loss.
Material weakness in internal controls persists (disclosed since IPO in July 2021). CFO turnover occurred April 27, 2026 (William Greene retired; Bart Bedard hired at $200K annual salary). The filing does not separately XBRL-tag any balance-sheet line items in the TAG_CONTEXT provided, so no tag-level analysis is possible per the tagging rules. The DCS inventory purchase ($1.5M) and associated intangibles are discussed in MD&A but are not separately tagged in XBRL per the TAG_CONTEXT. The operating lease liability schedule ($979K) is discussed in Note 7 but not tagged. All balance-sheet line items referenced in this analysis derive exclusively from filing narrative.
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