| THREE MONTHS ENDED DECEMBER 31, | ||||
|
2003
|
2002
|
|||
| (As Restated, | ||||
| See Note 1 below) | ||||
| NET REVENUES | ||||
| Ticketing |
$15,740,983
|
$14,206,043
|
||
| Other |
3,508,202
|
2,595,402
|
||
|
19,249,185
|
16,801,445
|
|||
| OPERATING EXPENSES: | ||||
| Cost of revenues – ticketing |
13,220,646
|
12,371,468
|
||
| Editorial, production, development and technology |
1,517,939
|
1,056,920
|
||
| Selling, general and administrative |
4,915,871
|
6,214,601
|
||
| Amortization of CBS advertising |
276,781
|
315,071
|
||
| Depreciation and amortization |
784,928
|
649,118
|
||
| Provision for closed stores and lease termination costs |
–
|
(14,644)
|
||
| Total operating expenses |
20,716,165
|
20,592,534
|
||
| Operating loss |
(1,466,980)
|
(3,791,089)
|
||
| EQUITY IN EARNINGS OF INVESTMENTS |
(77,924)
|
(133,093)
|
||
| OTHER INCOME (EXPENSE): | ||||
| Interest, net |
(405,704)
|
(420,522)
|
||
| Other, net |
1,271,473
|
(257,600)
|
||
| Loss before minority interest |
(679,135)
|
(4,602,304)
|
||
| MINORITY INTEREST IN EARNINGS OF SUBSIDIARIES |
(114,544)
|
(69,861)
|
||
| Net loss |
$(793,679)
|
$(4,672,165)
|
||
| Basic and diluted loss per common share |
$(0.04)
|
$ (0.23)
|
||
| Weighted average common and common equivalent shares | ||||
| outstanding – basic and diluted |
21,486,263
|
19,990,456
|
||
| (1) Net Revenues have been increased by $14,669, or 0.1%, in the three months ended December 31, 2002 restated financial statements as Broadway Ticketing gift certificate revenue was understated. Cost of Revenues – Ticketing has been increased by $66,830, or 0.7%, in the three months ended December 31, 2002 restated financial statements as a result of an underaccrual for Broadway ticketing purchases Equity in earnings of investments has been decreased by $315,734 recognized by the investee during 2002, was incorrectly recorded. The number of weighted average shares outstanding was reduced by 216,951shares for the three months ended December 31, 2002 to exclude shares issued of restricted stock until vesting date. | ||||
| HOLLYWOOD MEDIA CORP. AND SUBSIDIARIES CONSOLIDATED |
| • BALANCE SHEETS |
| • YEARLY CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS |
| • QUARTER CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS |
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