BIG DOG HOLDINGS, INC. AND SUBSIDIARIES |
|||||||||
CONSOLIDATED BALANCE SHEETS (Unaudited) |
|||||||||
|
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
March 31, |
||||
|
|
|
|
|
|
2005 |
|
2004 |
||
|
|
|
|
|
|
|
||||
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 |
172,000 |
|
214,000 |
||||||
|
OTHER ASSETS |
|
358,000 |
|
433,000 |
|||||
|
TOTAL |
|
|
|
$ 68,752,000 |
|
$ 59,677,000 |
|||
|
|
|
|
|
|
|
|
|
||
LIABILITIES AND STOCKHOLDERS' EQUITY |
|||||||||
|
CURRENT LIABILITIES: |
|
|
|
||||||
|
|
Short-term borrowings |
|
$ 8,811,000 |
|
$ 8,840,000 |
||||
|
|
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 |
||||
|
NOTE PAYABLE |
|
265,000 |
|
487,000 |
|||||
|
DEFERRED RENT & LEASE INCENTIVES |
|
1,240,000 |
|
597,000 |
|||||
|
|
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 |
|||||
|
|
|
|
|
|
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 |
||||