|
Six Months Ended June 30,
|
Three Months Ended June 30,
| |||
| - Advertisement -
2001
|
2000
|
2001
|
2000
| |
| NET REVENUES |
$ 26,611,300
|
$ 9,983,245
| - Advertisement -
$ 13,259,263
|
$ 5,905,549
|
|
|
| |||
| COST OF REVENUES |
17,259,917
|
2,879,710
| 8,340,732 | - Advertisement -
1,843,092
|
| Gross margin |
9,351,383
|
7,103,535
|
4,918,531
|
4,062,457
|
| OPERATING EXPENSES: | ||||
| General and administrative |
3,715,010
|
5,211,512
|
1,885,279
|
2,954,654
|
| Selling and marketing |
2,032,495
|
5,297,684
|
1,106,902
|
2,878,953
|
| Salaries and benefits |
6,223,580
|
5,160,505
|
3,103,744
|
2,727,590
|
| Amortization of CBS advertising |
9,810,064
|
9,375,904
|
4,761,772
|
5,251,707
|
| Amortization of goodwill and intangibles |
3,604,497
| 3,330,569 |
1,804,317
|
1,678,635
|
| Depreciation and amortization |
747,560
|
658,475
|
397,662
|
341,020
|
| Reverse for closed stores and lease termination costs |
(289,801)
|
9,755
|
(17,785)
|
9,755
|
| Total operating expenses |
25,843,405
|
29,044,404
|
13,041,891
|
15,842,314
|
| Operating loss |
(16,492,022)
|
(21,940,869)
|
(8,123,360)
|
(11,779,857)
|
| EQUITY IN EARNINGS – INVESTMENTS |
476,634
|
1,253,959
|
28,759
|
148,622
|
| OTHER INCOME (EXPENSE): | ||||
| Interest expense |
(235,075)
|
(188,418)
|
(179,439)
|
(92,037)
|
| Interest income |
79,330
|
72,615
|
29,605
|
35,434
|
| Other, net |
(168,175)
|
28,407
| (173,089) |
28,407
|
| Loss before minority interest |
(16,339,308)
|
(20,774,306)
|
(8,417,524)
|
(11,659,431)
|
MINORITY INTEREST |
(101,997)
|
(152,855)
|
(57,124)
|
(93,704)
|
| NET LOSS |
$ (16,441,305)
|
$ (20,927,161)
|
$ (8,474,648)
|
$ (11,753,135)
|
| Basic and diluted net loss per common share |
$ (0.65)
|
$ (0.93)
|
$ (0.33)
|
$ (0.51)
|
| Weighted average shares outstanding |
25,226,067
|
22,544,098
|
25,739,897
|
23,257,368
|
| NET LOSS |
$ (16,441,305)
|
$ (20,927,161)
|
$ (8,474,648)
|
$ (11,753,135)
|
| Add Back: | ||||
| Amortization of CBS advertising – non-cash |
9,810,064
|
9,375,904
|
4,761,772
|
5,251,707
|
| Amortization of goodwill and intangibles |
3,604,497
|
3,330,569
|
1,804,317
|
1,678,635
|
| Depreciation and amortization |
747,560
|
658,475
|
397,662
|
341,020
|
| Interest, net |
155,745
|
115,803
|
149,834
|
56,603
|
| Equity in loss of investments of less then 50% ownership * |
306,167
|
42,779
|
255,784
|
42,779
|
| Acquisition costs – non-cash |
170,593
|
–
|
170,593
|
–
|
|
14,794,626
|
13,523,530
|
7,539,962
|
7,370,744
| |
| ADJUSTED EBITDA LOSS |
$ (1,646,679)
|
$ (7,403,631)
|
$ (934,686)
|
$ (4,382,391)
|
| * Includes MovieTickets.com and Beach Wrestling LLC | ||||
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