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UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON , DC 20549 FORM 10 - Q ( Mark One ) [ X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 ( D ) OF THE SECURITIES EXCHANGE ACT OF 1934 For quarter ended December 31 , 2020 [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 0-24968 THE SINGING MACHINE COMPANY , INC . ( Exact Name of Registrant as Specified in its Charter ) DELAWARE 95-3795478 ( IRS Employer I.D. No. ) ( State of Incorporation ) 6301 NW 5th Way , Suite 2900 , Fort Lauderdale FL 33309 ( Address of principal executive offices ) ( 954 ) 596-1000 ( Registrant's telephone number , including area code ) Securities registered pursuant to Section 12 ( b ) of the Act : Title of each class Trading Symbol ( s ) Common Stock , Class B SMDM Name of each exchange on which registered OTCQX Indicate by check mark whether the registrant ( 1 ) has filed all reports required to be filed by Section 13 or 15 ( d ) of the Securities Exchange Act of 1934 during the preceding 12 months ( or for such shorter period that the registrant was required to file such reports ) , and ( 2 ) has been subject to such filing requirement for the past 90 days . Yes [ X ] No [ ] Indicate by check mark whether the registrant is a large accelerated filer , an accelerated filer , a non - accelerated filer , or a smaller reporting company . See definition of “ large accelerated filer ” , “ accelerated filer ” and “ smaller reporting company ” in Rule 12b - 2 of the Exchange Act . ( Check One ) Large accelerated filer [ ] Accelerated filer [ ] Non - accelerated filer [ ] Smaller Reporting Company [ X ] Emerging growth company [ ] Indicate by check mark whether the registrant is a shell company ( as defined in Rule 12b - 2 of the Exchange Act ) . Yes ( ) No [ X ] APPLICABLE ONLY TO ISSUES INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS : Indicated by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12 , 13 or 15 ( d ) of the Securities and Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court . Yes ( ] No [ ] APPLICABLE ONLY TO CORPORATE ISSUERS : Indicate the number of shares outstanding of each of the issuer's classes of common stock , as of the latest practicable date : CLASS Common Stock , $ 0.01 par value NUMBER OF SHARES OUTSTANDING 39,040,748 as of February 19 , 2021