Exhibit 32
CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
In connection with the Annual Report of Emerson Radio Corp., (the "Company") on
Form 10-K for the period ended March 31, 2006, filed with the Securities and
Exchange Commission (the "Report"), Adrian Ma, Chief Executive Officer, and John
D. Florian, Deputy Chief Financial Officer and Controller, of the Company each
hereby certifies pursuant to 18 U.S.C. Section 1350, as adopted pursuant to
Section 906 of the Sarbanes-Oxley Act of 2002, that:
(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of
the Securities Exchange Act of 1934 as amended; and
(2) The information contained in the Report fairly presents, in all material
respects, the consolidated financial condition of the Company as of the dates
presented and the consolidated result of operations of the Company for the
periods presented.
Dated: July 17, 2006
By: /s/ Adrian Ma
------------------------------------
Adrian Ma
Chairman and Chief Executive Officer
By: /s/ John D. Florian
------------------------------------
John D. Florian
Deputy Chief Financial Officer and
Controller
The foregoing certification is being furnished solely pursuant to Section 906 of
the Sarbanes-Oxley Act of 2002 (subsections (a) and (b) of Section 1350, Chapter
63 of Title 18, United States Code) and is not being filed as part of the Form
10-K or as a separate disclosure document.
A signed original of this written statement required by Section 906, or other
document authenticating, acknowledging, or otherwise adopting the signature that
appears in typed form within the electronic version of this written statement
required by Section 906, has been provided to Emerson Radio Corp. and will be
retained by Emerson Radio Corp. and furnished to the Securities and Exchange
Commission or its staff upon request.
EMERSON RADIO CORP. AND SUBSIDIARIES
SCHEDULE II
84
VALUATION AND QUALIFYING ACCOUNTS AND RESERVES
(IN THOUSANDS)
COLUMN A COLUMN B COLUMN C COLUMN D COLUMN E
- -------------------------------- ---------- ---------- ---------- ---------
BALANCE AT CHARGED TO BALANCE
BEGINNING COSTS AND AT END OF
DESCRIPTION OF YEAR EXPENSES DEDUCTIONS YEAR (B)
- -------------------------------- ---------- ---------- ---------- ---------
ALLOWANCE FOR DOUBTFUL ACCOUNTS:
Year ended:
March 31, 2006 $ 179 $ 591 $ 43(A) $ 727
March 31, 2005 328 -- 149(A) 179
March 31, 2004 525 230 427(A) 328
ALLOWANCE FOR CHARGEBACKS:
Year ended:
March 31, 2006 $ 330 $ 76 $ -- $ 406
March 31, 2005 326 4 -- 330
March 31, 2004 402 (76) -- 326
SALES RETURN RESERVES:
Year ended:
March 31, 2006 $5,190 $16,953 $16,926 $5,217
March 31, 2005 4,893 16,591 16,294 5,190
March 31, 2004 5,993 14,550 15,650 4,893
(A) Accounts written off, net of recoveries.
(B) Sales return reserves amounts include related accrued sales returns of
$1,583,000, $1,919,000 and $2,384,000, for fiscal 2006, 2005 and 2004,
respectively, which are not presented as part of the accounts receivable
disclosed as "allowances" on the Consolidated Balance Sheets.
85