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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