Form 10-K (Mark One) ցANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the Fiscal Year ended March 31, 2025OR տTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period fromto EMERSON RADIO CORP. (Exact name of registrant as specified in its charter) Delaware22-3285224(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification Number)959 Route 46 East, Suite 210, Parsippany, NJ07054(Address of principal executive offices)(Zip Code)Registrant’s telephone number, including area code:(973) 428-2000Securities registered pursuant to Section12(b) of the Act: Non-accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying withany new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.տ internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm thatprepared or issued its audit report.տ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant includedin the filing reflect the correction of an error to previously issued financial statements.տIndicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to § 240.10D-1(b).տ Number of Common Shares outstanding at June 27, 2025: 21,042,652 DOCUMENTS INCORPORATED BY REFERENCE: None. Auditor Firm Id:606Auditor Name:Grassi & Co., CPAs, P.C.Auditor Location:Jericho, NY, USA TABLE OF CONTENTS PART I ............................................................................................................................................................................Item 1. BUSINESS ................................................................................................................................................Item 1A. RISK FACTORS ....................................................................................................................................Item 1B. UNRESOLVED STAFF COMMENTS .................................................................................................Item 1C. CYBERSECURITY................................................................................................................................Item 2. PROPERTIES............................................................................................................................................Item 3. LEGAL PROCEEDINGS..........................................................................................................................Item 4. MINE SAFETY DISCLOSURES ............................................................................................................. Item 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERSAND ISSUER PURCHASES OF EQUITY SECURITIES .............................................................................25Item 6. [RESERVED]............................................................................................................................................25Item 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION ANDRESULTS OF OPERATIONS .........................................................................................................................25 Item 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING ANDFINANCIAL DISCLOSURE ........................................................................................................................... PART III.......................................................................................................................................................................... Item 11. EXECUTIVE COMPENSATION...........................................................................................................Item 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT ANDRELATED STOCKHOLDER MATTERS ......................................................................................................Item 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTORINDEPENDENCE............................................................................................................................................ PART IV ......................................................................................................................................................................... Item 16. FORM 10-K SUMMARY....................................................................................................................... SIGNATURES ...........