HOLLYWOOD MEDIA CORP. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (2004/05/17)- Tickets to Movies in Theaters, Broadway Shows, London Theatre & More

	March 31,	December 31,
	2004	2003
	(Unaudited)
ASSETS

CURRENT ASSETS:
Cash and cash equivalents	$12,642,403	$1,867,999
Receivables, net	1,446,944	1,496,934
Inventories, net	8,873,768	5,770,289
Prepaid expenses	854,928	941,966
Other receivables	1,107,222	654,141
Other current assets	41,156	10,296
Deferred advertising – CBS	38,807	38,807
Total current assets	25,005,228	10,780,432

RESTRICTED CASH	1,000,000	850,000
PROPERTY AND EQUIPMENT, net	2,049,869	2,236,906
INVESTMENTS IN AND ADVANCES TO EQUITY METHOD INVESTEES	119,213	164,205
IDENTIFIABLE INTANGIBLE ASSETS, net	1,430,029	1,603,985
GOODWILL	40,813,682	40,813,682
OTHER ASSETS	393,818	431,811
TOTAL ASSETS	$70,811,839	$56,881,021

LIABILITIES AND SHAREHOLDERS’ EQUITY

CURRENT LIABILITIES:
Accounts payable	$2,170,975	$2,201,431
Accrued expenses and other	4,085,598	5,178,467
Loan from shareholder/officer	–	600,000
Deferred revenue	11,309,411	9,063,317
Current portion of capital lease obligations	218,440	227,538
Total current liabilities	17,784,424	17,270,753

CAPITAL LEASE OBLIGATIONS, less current portion	155,520	178,790
DEFERRED REVENUE, less current portion	205,813	193,063
MINORITY INTEREST	41,258	21,895
OTHER DEFERRED LIABILITY	191,700	903,192
CONVERTIBLE DEBENTURES, NET	4,019,106	4,027,629

COMMITMENTS AND CONTINGENCIES

SHAREHOLDERS’ EQUITY:
Preferred Stock, $.01 par value, 539,127 shares authorized; none outstanding	–	–
Series A variable rate convertible preferred stock, $6.25 stated value, 217,600
shares authorized; 217,600 shares issued and outstanding at December 31,1998.	–	–
Series B variable rate convertible preferred stock, $5.21 stated value, 142,223
shares authorized; 122,846 shares issued and outstanding at December 31,1998.	–	–
Series C, 4% convertible preferred stock, $100 stated value, 100,000 shares
authorized; 20,000 shares issued and outstanding at December 31,1998.	–	–
Series D, 7% convertible preferred stock, $10,000 stated value, 1,000 shares
authorized; 250 shares issued and outstanding December 31,1998.	–	–
Series D-2, 7% convertible preferred stock, $10,000 stated value, 50 shares authorized;
50 shares issued and outstanding at December 31,1998.	–	–
Common stock, $.01 par value, 100,000,000 shares authorized; 27,669,695
and 21,810,266 shares issued and outstanding at March 31, 2004 and
December 31, 2003, respectively	276,697	218,103
Additional paid-in capital	294,732,710	279,087,772
Deferred compensation	(81,250)	(162,500)
Accumulated deficit	(246,514,139)	(244,857,676)
Total shareholders’ equity	48,414,018	34,285,699
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$70,811,839	$56,881,021

- Advertisement -