|
|
6 Months Ended June 30,
|
3 Months Ended June 30,
|
||
|
2004
|
2003
|
2004
|
2003
|
|
|
As Restated
|
As Restated
|
|||
|
(1)
|
(1)
|
|||
| NET REVENUES: | ||||
| Ticketing |
$27,950,166
|
$25,523,288
|
$16,071,876
|
$14,003,040
|
| Other |
6,218,864
|
6,160,579
|
3,312,434
|
3,143,141
|
| Total revenues |
34,169,030
|
31,683,867
|
19,384,310
|
17,146,181
|
| OPERATING EXPENSES: | ||||
| Cost of revenues – ticketing |
24,152,323
|
22,495,773
|
14,200,783
|
12,457,051
|
| Editorial, production, development and technology (exclusive ofdepreciation and amortization shown separately below) |
2,504,927
|
2,437,714
|
1,316,906
|
1,277,979
|
| Selling, general and administrative |
9,615,442
|
9,067,195
|
4,637,129
|
4,357,757
|
| Amortization of CBS advertising |
38,807
|
506,729
|
38,807
|
316,706
|
| Depreciation and amortization |
1,042,351
|
1,254,393
|
512,234
|
614,517
|
| Total operating expenses |
37,353,850
|
35,761,804
|
20,705,859
|
19,024,010
|
| Operating loss |
(3,184,820)
|
(4,077,937)
|
(1,321,549)
|
(1,877,829)
|
| EQUITY IN EARNINGS OF INVESTEES |
588,086
|
806,126
|
583,392
|
801,721
|
| OTHER INCOME (EXPENSE): | ||||
| Interest, net |
(785,501)
|
(664,040)
|
(367,546)
|
(323,672)
|
| Other, net |
727,673
|
8,894
|
37,112
|
57,985
|
| Loss before minority interest |
(2,654,562)
|
(3,926,957)
|
(1,068,591)
|
(1,341,795)
|
| MINORITY INTEREST IN EARNINGS OF SUBSIDIARIES |
(235,992)
|
(399,588)
|
(165,500)
|
(179,015)
|
| Net loss |
$(2,890,554)
|
$(4,326,545)
|
$(1,234,091)
|
$(1,520,810)
|
| Basic and diluted loss per common share |
$(0.11)
|
$(0.21)
|
$(0.04)
|
$(0.07)
|
| Weighted average common and common equivalent shares outstanding – basic and diluted |
26,308,112
|
20,510,680
|
27,717,948
|
20,618,978
|
| (1) Ticketing net revenues have been increased by $143,937 and $169,066, or 0.57% and 1.2%, for the six and three months ended June 30, 2003, respectively, as a result of an underaccrual for Broadway Ticketinggift certificate in the restated condensed consolidated statement of operations.Cost of Revenues – Ticketing have been decreased by $272,379 and $163,473, or 1.2% and 1.3%, for the six and three months ended June 30, 2003, respectively, as a result of an underaccrual for Broadway Ticketingpurchases in the restated condensed consolidated statement of operations.The number of weighted average shares outstanding was increased by 1,525 and 3,000 shares for the six and three months ended June 30, 2003, respectively, to include vested shares of restricted stock. | ||||
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