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HOLLYWOOD MEDIA CORP. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS

The following financial tables are unaudited and are
subject to completion of the audit of the Company’s financial statements.
HOLLYWOOD MEDIA CORP. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
December 31,
December 31,
2004
2003
ASSETS
 
CURRENT ASSETS:
Cash and cash equivalents
$ 6,330,394
$ 1,867,999
Receivables, net
1,992,478
1,496,934
Inventories, net
8,408,089
5,770,289
Prepaid expenses
1,124,363
941,966
Other receivables
1,205,803
654,141
Other current assets
45,935
10,296
Deferred advertising – CBS
38,807
Total current assets
19,107,062
   
10,780,432
RESTRICTED CASH
255,000
850,000
ACQUISITION ESCROW
750,000
PROPERTY AND EQUIPMENT, net
2,455,040
2,236,906
INVESTMENTS IN AND ADVANCES TO EQUITY METHOD INVESTEES
435,509
164,205
INTANGIBLE ASSETS, net
1,515,985
1,603,985
GOODWILL, net
44,977,429
40,813,682
OTHER ASSETS
256,258
431,811
TOTAL ASSETS
$ 69,752,283
$ 56,881,021
LIABILITIES AND SHAREHOLDERS’ EQUITY

CURRENT LIABILITIES:
Accounts payable
$ 4,043,098
$ 2,201,431
Accrued expenses and other
5,040,338
5,178,467
Loan from shareholder/officer
600,000
Deferred revenue
12,006,919
9,063,317
Current portion of capital lease obligations
150,103
227,538
Total current liabilities
21,240,458
   
17,270,753
CAPITAL LEASE OBLIGATIONS, less current portion
84,523
178,790
DEFERRED REVENUE
227,000
193,063
MINORITY INTEREST
74,075
21,895
OTHER DEFERRED LIABILITY
104,539
903,192
CONVERTIBLE DEBENTURES, NET
799,152
4,027,629
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY:
Preferred Stock, $.01 par value, 539,127 shares authorized; none
outstanding
Common stock, $.01 par value, 100,000,000 shares authorized; 31,283,706
and 21,810,266 shares issued and outstanding at December 31, 2004 and
December 31, 2003, respectively
312,837
218,103
Additional paid-in capital
305,729,408
279,087,772
Deferred compensation
(2,437,500)
(162,500)
Accumulated deficit
(256,382,209)
(244,857,676)
Total shareholders’ equity
47,222,536
   
34,285,699
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY
$
69,752,283
56,881,021
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