================================================================================

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
     PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

         DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): MARCH 8, 2006

                        THE SINGING MACHINE COMPANY, INC.
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)


          Delaware                       0-24968               95-3795478
--------------------------------------------------------------------------------
(State or other jurisdiction     (Commission File Number)      (IRS Employer
     of incorporation)                                       Identification No.)


            6601 Lyons Road, Bldg. A-7, Coconut Creek, Florida 33073
            --------------------------------------------------------
              (Address of principal executive offices and Zip Code)

        Registrant's telephone number, including area code (954) 596-1000

                                   Copies to:
                             Darrin M. Ocasio, Esq.
                       Sichenzia Ross Friedman Ference LLP
                           1065 Avenue of the Americas
                            New York, New York 10018
                              Phone: (212) 930-9700
                               Fax: (212) 930-9725

      Check the  appropriate  box below if the Form 8-K  filing is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

|_|   Written  communications  pursuant to Rule 425 under the Securities Act (17
      CFR 230.425)
|_|   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)
|_|   Pre-commencement  communications  pursuant  to  Rule  14d-2(b)  under  the
      Exchange Act (17 CFR 240.14d-2(b))
|_|   Pre-commencement  communications  pursuant  to  Rule  13e-4(c)  under  the
      Exchange Act (17 CFR 240.13e-4(c))

================================================================================
<PAGE>

ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
ITEM 1.02 TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT.
ITEM 2.03 CREATION OF A DIRECT FINANCIAL OBLIGATION.
ITEM 3.02 UNREGISTERED SALES OF EQUITY SECURITIES.

On March 8, 2006, we entered into a Bridge Loan Agreement (the "Loan Agreement")
with Ever Solid  Limited (the  "Lender")  pursuant to which the Lender agreed to
lend to us an  aggregate  amount  of  $2,000,000  and in  exchange,  we issued a
$2,000,000  principal  amount 8% Senior  Promissory  Note  (the  "Note")  to the
Lender.  The Note bears  interest at 8% per annum and matures within 48 hours of
the closing of that  certain  Stock  Purchase  Agreement  (the  "Stock  Purchase
Agreement")  dated  February  21,  2006  which we  entered  into  with  koncepts
International  Limited. If, however, the Stock Purchase Agreement fails to close
for  whatever  reason,  we will be required to repay all  principal  and accrued
interest on or before  September 8, 2006. In addition,  our  obligation to repay
the  principal  and  accrued  interest  under the Note is  secured by all of our
assets pursuant to a certain Collateral Security Agreement which we entered into
with the Lender on March 8, 2006.

We used the proceeds  from the loan to repay our  outstanding  principal  amount
$4,000,000 8% convertible  debentures (the "Debentures") issued pursuant to that
certain  Securities  Purchase  Agreement  dated  August 20, 2003 (the  "Purchase
Agreement")  which came due on February 20, 2006,  plus accrued  interest in the
aggregate amount of $270,000, which accrued interest was forgiven by the holders
of the  Debentures.  In addition,  we entered into a  Settlement  Agreement  and
Release (the "Settlement Agreement") with the holders of the Debentures on March
5, 2006  pursuant to which the  holders  and we agreed to release and  discharge
each other, and our respective officers, directors, principals, control persons,
past and present employees,  insurers,  successors,  agents and assigns from any
and all actions, damages, judgments,  claims, and demands existing or claimed to
exist  between the parties in  connection  with the  Debentures  or the Purchase
Agreement.

We claim an  exemption  from the  registration  requirements  of the Act for the
private placement of these securities pursuant to Section 4(2) of the Act and/or
Regulation D promulgated  thereunder since,  among other things, the transaction
did not involve a public  offering,  the  investors  were  accredited  investors
and/or qualified  institutional  buyers, the investors had access to information
about the company and their  investment,  the investors  took the securities for
investment  and not resale,  and we took  appropriate  measures to restrict  the
transfer of the securities.

On  March  14,  2006,  we  issued  a press  release  announcing  the  entry  and
termination into the aforementioned  material definitive  agreements.  A copy of
this  press  release  has been  filed  with this  Current  Report on Form 8-K as
Exhibit 99.1 and is incorporated herein by reference.

In accordance with General  Instruction B.2 of Form 8-K, the information in this
Current Report on Form 8-K,  including  Exhibit 99.1,  shall not be deemed to be
"filed" for purposes of Section 18 of the  Securities  Exchange Act of 1934,  as
amended (the  "Exchange  Act"),  or otherwise  subject to the  liability of that
section,  and shall  not be  incorporated  by  reference  into any  registration
statement or other document  filed under the Act or the Exchange Act,  except as
shall be expressly set forth by specific reference in such filing.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(A)   FINANCIAL STATEMENTS OF BUSINESS ACQUIRED.

      Not applicable.

(B)   PRO FORMA FINANCIAL INFORMATION.

      Not applicable.

(C)   EXHIBITS.


<PAGE>

EXHIBIT
NUMBER                              DESCRIPTION
--------------------------------------------------------------------------------

10.1  Bridge  Loan  Agreement  dated  March 8, 2006,  by and between The Singing
      Machine Company, Inc. and Ever Solid Limited.

10.2  Collateral  Security  Agreement  dated  March 8, 2006,  by and between The
      Singing Machine Company, Inc. and Ever Solid Limited.

10.3  Bridge Note of The Singing Machine Company, Inc. dated March 8, 2006

10.4  Settlement  Agreement  and Release  dated as of March 5, 2006 by and among
      The Singing  Machine  Company,  Inc.  and the holders of the  Company's 8%
      Convertible Debentures.

99.1  Press Release of The Singing Machine Company, Inc. dated March 14, 2006.


<PAGE>

                                   SIGNATURES

      Pursuant to the  requirements of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                        THE SINGING MACHINE, COMPANY, INC.


Date: March 14, 2006                    /s/ Yi Ping Chan
                                        ----------------------------------------
                                        Yi Ping Chan
                                        Interim CEO and Chief Operating Officer
{"company-data": {"conformed-name": "SINGING MACHINE CO INC", "cik": "0000923601", "assigned-sic": "3652", "irs-number": "953795478", "state-of-incorporation": "DE", "fiscal-year-end": "0331"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-24968", "film-number": "06684868"}, "business-address": {"street1": "6601 LYONS ROAD", "street2": "BLDG A-7", "city": "COCONUT CREEK", "state": "FL", "zip": "33073", "phone": "9545961000"}, "mail-address": {"street1": "6601 LYONS ROAD BLDG", "city": "COCONUT CREEK", "state": "FL", "zip": "33073"}}
================================================================================

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
     PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

         DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): MARCH 8, 2006

                        THE SINGING MACHINE COMPANY, INC.
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)

          Delaware                       0-24968               95-3795478
--------------------------------------------------------------------------------
(State or other jurisdiction     (Commission File Number)      (IRS Employer
     of incorporation)                                       Identification No.)

            6601 Lyons Road, Bldg. A-7, Coconut Creek, Florida 33073
            --------------------------------------------------------
              (Address of principal executive offices and Zip Code)

        Registrant's telephone number, including area code (954) 596-1000

                                   Copies to:
                             Darrin M. Ocasio, Esq.
                       Sichenzia Ross Friedman Ference LLP
                           1065 Avenue of the Americas
                            New York, New York 10018
                              Phone: (212) 930-9700
                               Fax: (212) 930-9725

      Check the  appropriate  box below if the Form 8-K  filing is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

|_|   Written  communications  pursuant to Rule 425 under the Securities Act (17
      CFR 230.425)
|_|   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)
|_|   Pre-commencement  communications  pursuant  to  Rule  14d-2(b)  under  the
      Exchange Act (17 CFR 240.14d-2(b))
|_|   Pre-commencement  communications  pursuant  to  Rule  13e-4(c)  under  the
      Exchange Act (17 CFR 240.13e-4(c))

================================================================================
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
ITEM 1.02 TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT.
ITEM 2.03 CREATION OF A DIRECT FINANCIAL OBLIGATION.
ITEM 3.02 UNREGISTERED SALES OF EQUITY SECURITIES.

On March 8, 2006, we entered into a Bridge Loan Agreement (the "Loan Agreement")
with Ever Solid  Limited (the  "Lender")  pursuant to which the Lender agreed to
lend to us an  aggregate  amount  of  $2,000,000  and in  exchange,  we issued a
$2,000,000  principal  amount 8% Senior  Promissory  Note  (the  "Note")  to the
Lender.  The Note bears  interest at 8% per annum and matures within 48 hours of
the closing of that  certain  Stock  Purchase  Agreement  (the  "Stock  Purchase
Agreement")  dated  February  21,  2006  which we  entered  into  with  koncepts
International  Limited. If, however, the Stock Purchase Agreement fails to close
for  whatever  reason,  we will be required to repay all  principal  and accrued
interest on or before  September 8, 2006. In addition,  our  obligation to repay
the  principal  and  accrued  interest  under the Note is  secured by all of our
assets pursuant to a certain Collateral Security Agreement which we entered into
with the Lender on March 8, 2006.

We used the proceeds  from the loan to repay our  outstanding  principal  amount
$4,000,000 8% convertible  debentures (the "Debentures") issued pursuant to that
certain  Securities  Purchase  Agreement  dated  August 20, 2003 (the  "Purchase
Agreement")  which came due on February 20, 2006,  plus accrued  interest in the
aggregate amount of $270,000, which accrued interest was forgiven by the holders
of the  Debentures.  In addition,  we entered into a  Settlement  Agreement  and
Release (the "Settlement Agreement") with the holders of the Debentures on March
5, 2006  pursuant to which the  holders  and we agreed to release and  discharge
each other, and our respective officers, directors, principals, control persons,
past and present employees,  insurers,  successors,  agents and assigns from any
and all actions, damages, judgments,  claims, and demands existing or claimed to
exist  between the parties in  connection  with the  Debentures  or the Purchase
Agreement.

We claim an  exemption  from the  registration  requirements  of the Act for the
private placement of these securities pursuant to Section 4(2) of the Act and/or
Regulation D promulgated  thereunder since,  among other things, the transaction
did not involve a public  offering,  the  investors  were  accredited  investors
and/or qualified  institutional  buyers, the investors had access to information
about the company and their  investment,  the investors  took the securities for
investment  and not resale,  and we took  appropriate  measures to restrict  the
transfer of the securities.

On  March  14,  2006,  we  issued  a press  release  announcing  the  entry  and
termination into the aforementioned  material definitive  agreements.  A copy of
this  press  release  has been  filed  with this  Current  Report on Form 8-K as
Exhibit 99.1 and is incorporated herein by reference.

In accordance with General  Instruction B.2 of Form 8-K, the information in this
Current Report on Form 8-K,  including  Exhibit 99.1,  shall not be deemed to be
"filed" for purposes of Section 18 of the  Securities  Exchange Act of 1934,  as
amended (the  "Exchange  Act"),  or otherwise  subject to the  liability of that
section,  and shall  not be  incorporated  by  reference  into any  registration
statement or other document  filed under the Act or the Exchange Act,  except as
shall be expressly set forth by specific reference in such filing.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(A)   FINANCIAL STATEMENTS OF BUSINESS ACQUIRED.

      Not applicable.

(B)   PRO FORMA FINANCIAL INFORMATION.

      Not applicable.

(C)   EXHIBITS.
EXHIBIT
NUMBER                              DESCRIPTION
--------------------------------------------------------------------------------

10.1  Bridge  Loan  Agreement  dated  March 8, 2006,  by and between The Singing
      Machine Company, Inc. and Ever Solid Limited.

10.2  Collateral  Security  Agreement  dated  March 8, 2006,  by and between The
      Singing Machine Company, Inc. and Ever Solid Limited.

10.3  Bridge Note of The Singing Machine Company, Inc. dated March 8, 2006

10.4  Settlement  Agreement  and Release  dated as of March 5, 2006 by and among
      The Singing  Machine  Company,  Inc.  and the holders of the  Company's 8%
      Convertible Debentures.

99.1  Press Release of The Singing Machine Company, Inc. dated March 14, 2006.
SIGNATURES

      Pursuant to the  requirements of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                        THE SINGING MACHINE, COMPANY, INC.

Date: March 14, 2006                    /s/ Yi Ping Chan
                                        ----------------------------------------
                                        Yi Ping Chan
                                        Interim CEO and Chief Operating Officer