Bluetooth Audio Receiver Bracket

I got a new bluetooth audio receiver, and I needed to find a way to keep it organized and off the floor. My desk is too far away for the output cable, and I didn't want to put it under the mattress. So I decided to make a mounting bracket for it. I decided to use scraps of balsa wood from my engineering class. Even though balsa is extremely soft, it is considered a hardwood based on the type of seed. It is so easy to cut that we used utility knives to cut it in class. At home, I decided to use my bandsaw because it safer and more accurate. And I don't have a laser cutter.
The bracket is a ring that is the right size for the bottom part of the receiver to fit through, but small enough that it doesn't fall all the way through. I held the layers of the ring together using standard wood glue. Then I used cyanoacrylate to attach a mounting plate. Then I screwed the mounting plate to the same bracket that holds my speakers under the bed.