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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 |
$ 1,251,000 |
$ 1,143,000 |
| |
Account receivable, net |
413,000 |
168,000 |
| |
Inventories |
41,776,000 |
29,797,000 |
| |
Prepaid expenses and other current assets |
1,280,000 |
949,000 |
| |
Deferred income taxes |
2,604,000 |
3,728,000 |
| |
Total current assets |
47,324,000 |
35,785,000 |
| PROPERTY AND EQUIPMENT, Net |
10,653,000 |
4,886,000 |
INTANGIBLE ASSETS, Net
DEFERRED INCOME TAXES |
214,000
1,053,000 |
135,000
------- |
| OTHER ASSETS |
433,000 |
381,000 |
| |
TOTAL |
$ 59,677,000 |
$ 41,187,000 |
|
| LIABILITIES AND STOCKHOLDERS' EQUITY |
| CURRENT LIABILITIES: |
| |
Short-term borrowings
Redeemable convertible notes
Accounts payable |
$ 7,061,000
4,992,000
7,270,000 |
$ 2,637,000
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5,742,000 |
| |
Income taxes payable |
38,000 |
14,000 |
| |
Accrued expenses and other current
liabilities |
5,628,000 |
2,568,000 |
| |
Total current liabilities |
24,989,000 |
10,961,000 |
LONG-TERMS BORROWINGS
NOTE PAYABLE
CAPITAL LEASE OBLIGATIONS |
1,944,000
487,000
139,000 |
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-------
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DEFERRED RENT
DEFERRED GAIN ON SALE-LEASEBACK |
597,000
287,000 |
653,000
340,000 |
| |
Total liabilities |
28,443,000 |
11,954,000 |
| STOCKHOLDERS' EQUITY |
31,234,000 |
29,233,000 |
| |
TOTAL |
$ 59,677,000 |
$ 41,187,000 |
|
BIG DOG HOLDINGS, INC. AND
SUBSIDIARIES
CONSOLIDATED STATEMENTS OF
OPERATIONS
(Unaudited) |
| |
Three Months Ended
March 31 |
| |
2004 |
2003 |
|
| NET SALES |
$ 21,880,000 |
$ 15,354,000 |
| COST OF GOODS SOLD |
10,659,000 |
7,251,000 |
| GROSS PROFIT |
11,221,000 |
8,103,000 |
| OPERATING EXPENSES: |
|
|
| |
Selling, marketing and distribution |
14,132,000 |
11,311,000 |
| |
General and administrative |
1,797,000 |
1,201,000 |
| |
Total operating expenses |
15,929,000 |
12,512,000 |
| LOSS FROM OPERATIONS |
(4,708,000) |
(4,409,000) |
| INTEREST EXPENSE, NET |
124,000 |
62,000 |
| LOSS BEFORE BENEFIT FROM INCOME TAXES |
(4,832,000) |
(4,471,000) |
| |
BENEFIT FROM INCOME TAXES |
(1,836,000) |
(1,721,000) |
| NET LOSS |
$ (2,996,000) |
$ (2,750,000) |
| NET LOSS PER SHARE |
|
|
| |
BASIC AND DILUTED |
$ (0.36) |
$ (0.33) |
| WEIGHTED AVERAGE SHARES
OUTSTANDING: |
|
|
| |
BASIC AND DILUTED |
8,244,000 |
8,393,000 |
|
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| |
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