HOLLYWOOD MEDIA CORP. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (2005/03/24)- Tickets to Movies in Theaters, Broadway Shows, London Theatre & More

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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