HOLLYWOOD MEDIA CORP. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (2004/03/30)- Tickets to Movies in Theaters, Broadway Shows, London Theatre & More


		December 31,	December 31,
		2003	2002

ASSETS			(As Restated,
			See Note 1 below)
CURRENT ASSETS:
	Cash and cash equivalents	$ 1,867,999	$ 2,342,238
	Receivables, net	1,496,934	1,845,063
	Inventories	5,770,289	7,144,311
	Prepaid expenses	941,966	1,026,454
	Other receivables	654,141	510,532
	Other current assets	10,296	247,532
	Deferred advertising – CBS	38,807	924,780
	Total current assets	10,780,432	14,040,910

RESTRICTED CASH		850,000	–
PROPERTY AND EQUIPMENT, net		2,236,906	3,563,569
INVESTMENTS IN AND ADVANCES TO EQUITY METHOD INVESTEES		164,205	294,438
INTANGIBLE ASSETS, net		1,603,985	2,342,807
GOODWILL, net		40,813,682	40,773,968
OTHER ASSETS		431,811	737,231
TOTAL ASSETS		$ 56,881,021	$ 61,752,923

	LIABILITIES AND SHAREHOLDERS’ EQUITY

CURRENT LIABILITIES:
	Accounts payable	$ 2,201,431	$ 1,354,663
	Accrued expenses and other	5,178,467	4,299,655
	Notes payable	–	250,000
	Loan from shareholder/officer	600,000	–
	Accrued exit and retail closure costs	–	27,500
	Deferred revenue	9,063,317	9,374,156
	Current portion of capital lease obligations	227,538	340,083
	Total current liabilities	17,270,753	15,646,057

CAPITAL LEASE OBLIGATIONS, less current portion		178,790	238,546
DEFERRED REVENUE		193,063	214,626
MINORITY INTEREST		21,895	–
OTHER DEFERRED LIABILITY		903,192	2,381,863
CONVERTIBLE DEBENTURES, NET		4,027,629	3,223,988

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; 21,810,266
	and 20,253,863 shares issued and outstanding at December 31, 2003 and
	December 31, 2002, respectively	218,103	202,539
	Additional paid-in capital	279,087,772	277,261,293
	Deferred compensation	(162,500)	–
	Accumulated deficit	(244,857,676)	(237,415,989)
	Total shareholders’ equity	34,285,699	40,047,843
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		$ 56,881,021	$ 61,752,923


	(1) Accrued expenses and other has been increased by $444,774 for the 2002 restated financial statements as a result of an underaccrual for Broadway Ticketing purchases.


	Deferred revenue has been increased by $484,154 for the 2002 restated financial statements as a result of an underaccrual for Broadway Ticketing gift certificates.


	Investments in and advances to equity method investees has been decreased by $315,734 for the 2002 restated financial statements as a result of an underaccrual of deferred revenue.

HOLLYWOOD MEDIA CORP. AND SUBSIDIARIES CONSOLIDATED

• BALANCE SHEETS

• YEARLY CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

• QUARTER CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

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