| The following financial tables are unaudited and are subject to completion of the audit of the Company’s financial statements. |
||||
|
YEAR ENDED
DECEMBER 31, |
THREE MONTHS ENDED
DECEMBER 31, |
|||
|
2004
|
2003
|
2004
|
2003
|
|
| NET REVENUES | ||||
| Ticketing |
$59,689,971
|
$52,266,539
|
$20,085,639
|
$15,740,983
|
| Other |
13,288,696
|
12,592,423
|
3,621,171
|
3,508,202
|
|
72,978,667
|
64,858,962
|
23,706,810
|
19,249,185
|
|
| OPERATING EXPENSES: | ||||
| Cost of revenues – ticketing |
51,707,867
|
44,850,254
|
17,357,680
|
13,220,647
|
| Editorial, production, development and technology (exclusive of | ||||
| depreciation and amortization shown separately below) |
5,137,458
|
5,347,062
|
1,269,239
|
1,589,062
|
| Selling, general and administrative |
23,751,393
|
18,706,679
|
8,158,014
|
4,844,747
|
| Amortization of CBS advertising |
38,807
|
885,974
|
–
|
276,781
|
| Depreciation and amortization |
2,221,100
|
2,624,729
|
616,486
|
784,928
|
| Total operating expenses |
82,856,625
|
72,414,698
|
27,401,419
|
20,716,165
|
| Operating loss |
(9,877,958)
|
(7,555,736)
|
(3,694,609)
|
(1,466,980)
|
| EQUITY IN EARNINGS OF INVESTEES |
576,317
|
957,681
|
18,604
|
(77,924)
|
| OTHER INCOME (EXPENSE): | ||||
| Interest, net |
(2,611,081)
|
(1,442,707)
|
(62,621)
|
(405,704)
|
| Other, net |
776,572
|
1,163,308
|
(10,279)
|
1,271,473
|
| Loss before minority interest |
(11,136,150)
|
(6,877,454)
|
(3,748,905)
|
(679,135)
|
| MINORITY INTEREST IN EARNINGS OF SUBSIDIARIES |
(388,383)
|
(564,233)
|
(93,133)
|
(114,544)
|
|
Net loss
|
$(11,524,533)
|
$(7,441,687)
|
$(3,842,038)
|
$(793,679)
|
| Basic and diluted loss per common share |
$(0.41)
|
$(0.36)
|
$(0.13)
|
$(0.04)
|
| Weighted average common and common equivalent shares | ||||
| outstanding – basic and diluted |
27,784,850
|
20,829,183
|
30,154,256
|
21,486,263
|
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