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Press Releases
FINANCIAL RESULTS
BIG DOG HOLDINGS, INC. AND
SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Unaudited) |
|
| ASSETS |
| CURRENT ASSETS: |
| |
Cash and cash equivalents |
$ 427,000 |
$ 1,251,000 |
| |
Receivables, net |
555,000 |
413,000 |
| |
Inventories |
51,918,000 |
41,776,000 |
| |
Prepaid expenses and other current assets |
1,480,000 |
1,280,000 |
| |
Deferred income taxes |
4,119,000 |
2,604,000 |
| |
Total current assets |
58,499,000 |
47,324,000 |
| PROPERTY AND EQUIPMENT, Net |
9,357,000 |
10,653,000 |
INTANGIBLE ASSETS, Net
DEFERRED INCOME TAXES |
172,000
366,000 |
214,000
1,053,000 |
| OTHER ASSETS |
358,000 |
433,000 |
| |
TOTAL |
$ 68,752,000 |
$ 59,677,000 |
|
| LIABILITIES AND STOCKHOLDERS' EQUITY |
| CURRENT LIABILITIES: |
| |
Short-term borrowings
Redeemable convertible notes
Current portion of long-term debt
Accounts payable |
$ 8,811,000
---------
247,000
12,628,000 |
$ 8,840,000
4,992,000
164,000
7,270,000 |
| |
Income taxes payable |
--------- |
38,000 |
| |
Accrued expenses and other current
liabilities |
4,977,000 |
5,628,000 |
| |
Total current liabilities |
26,663,000 |
26,932,000 |
NOTES PAYABLE
CAPITAL LEASE OBLIGATIONS |
265,000
209,000 |
487,000
139,000 |
DEFERRED RENT AND LEASE INCENTIVES
DEFERRED GAIN ON SALE-LEASEBACK |
1,240,000
235,000 |
597,000
288,000 |
| |
Total liabilities |
28,612,000 |
28,443,000 |
| STOCKHOLDERS' EQUITY |
40,140,000 |
31,234,000 |
| |
TOTAL |
$ 68,752,000 |
$ 59,677,000 |
|
BIG DOG HOLDINGS, INC. AND
SUBSIDIARIES
CONSOLIDATED STATEMENTS OF
OPERATIONS
(Unaudited) |
| |
Three Months Ended
March 31 |
| |
2005 |
2004 |
|
| NET SALES |
$ 31,345,000 |
$ 21,880,000 |
| COST OF GOODS SOLD |
15,118,000 |
10,659,000 |
| GROSS PROFIT |
16,227,000 |
11,221,000 |
| OPERATING EXPENSES: |
|
|
| |
Selling, marketing and distribution |
18,267,000 |
14,131,000 |
| |
General and administrative |
1,743,000 |
1,797,000 |
| |
Total operating expenses |
20,010,000 |
15,928,000 |
| LOSS FROM OPERATIONS |
(3,783,000) |
(4,707,000) |
| INTEREST INCOME |
40,000 |
7,000 |
| INTEREST EXPENSE |
(151,000) |
(132,000) |
| LOSS BEFORE BENEFIT FROM INCOME TAXES |
(3,894,000) |
(4,832,000) |
| |
BENEFIT FROM INCOME TAXES |
(1,480,000) |
(1,836,000) |
| NET LOSS |
$ (2,414,000) |
$ (2,996,000) |
| NET LOSS PER SHARE |
|
|
| |
BASIC |
$ (0.26) |
$ (0.36) |
| |
DILUTED |
$ (0.26) |
$ (0.36) |
| WEIGHTED AVERAGE SHARES
OUTSTANDING: |
|
|
| |
BASIC |
9,180,000 |
8,244,000 |
| |
DILUTED |
9,180,000 |
8,244,000 |
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