BIG DOG HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS (Unaudited)
 
September 30,
2005
2004
ASSETS
CURRENT ASSETS:
Cash and cash equivalents
  $    390,000
  $ 2,330,000
Receivables, net
         529,000
       403,000
Inventories
     58,573,000
     51,791,000
Prepaid expenses and other current assets
      1,478,000
       1,214,000
Deferred income taxes
      1,923,000
       1,287,000
Total current assets
     62,893,000
     57,025,000
PROPERTY AND EQUIPMENT, Net
     10,756,000
     10,520,000
INTANGIBLE ASSETS, Net
DEFERRED INCOME TAXES
         7,811,000
1,613,000
       172,000
1,292,000
OTHER ASSETS
         360,000
         420,000
TOTAL
$ 83,433,000
  $  69,429,000
 
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Short-term borrowings
Current portion of long-term debt
Accounts payable
  $ 12,191,000
    1,616,000
14,577,000
$ 15,628,000
     272,000
7,720,000
Income taxes payable
     1,006,000
         452,000
Accrued expenses and other current liabilities
4,533,000
4,963,000
  Total current liabilities
    33,923,000
     29,035,000
NOTE PAYABLE
CAPITAL LEASE OBLIGATIONS
         4,736,000
83,000
         530,000
298,000
DEFERRED RENT & LEASE INCENTIVES
DEFERRED GAIN ON SALE-LEASEBACK
         1,376,000
208,000
             953,000
261,000
Total liabilities
     40,326,000
     31,077,000
STOCKHOLDERS' EQUITY
     43,107,000
      38,352,000
TOTAL
  $  83,433,000
  $ 69,429,000
 
 

 

BIG DOG HOLDINGS, INC. AND SUBSIDIARIES
 
CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)
  
 
Three Months Ended
 
Nine Months Ended
 
September 30,
September 30,
 
2005
2004
2005
2004
  
 
NET SALES   $44,909,000   $42,695,000   $119,695,000   $105,619,000  
COST OF GOODS SOLD      19,623,000     19,262,000      53,502,000     47,934,000  
GROSS PROFIT      25,286,000     23,433,000      66,193,000     57,685,000  
OPERATING EXPENSES:  
Selling, marketing and distribution      20,055,000     19,363,000      57,649,000     52,371,000  
General and administrative        2,207,000       1,811,000        6,236,000       5,544,000  
Total operating expenses      22,262,000     21,174,000      63,885,000     57,915,000  
INCOME (LOSS) FROM OPERATIONS
OTHER INCOME
       3,024,000
-------------
      2,259,000
-------------
    2,308,000
-------------
         (230,000)
82,000
  
INTEREST INCOME           1,000           5,000         42,000           25,000  
INTEREST EXPENSE           (170,000)           (192,000)         (618,000)           (619,000)  
INCOME (LOSS) BEFORE PROVISION  
(BENEFIT) FOR INCOME TAXES        2,855,000       2,072,000        1,732,000          (742,000)  
PROVISION (BENEFIT) FOR INCOME TAXES        1,085,000         788,000                       658,000          (281,000)  
NET INCOME (LOSS)   $    1,770,000   $1,284,000 $   1,074,000 $    (461,000)  
 
NET INCOME (LOSS) PER SHARE:  
BASIC      $ 0.19 $ 0.14      $ 0.12     $ (0.05)  
DILUTED      $ 0.18     $ 0.13    $ 0.11     $ (0.05)
 
WEIGHTED AVERAGE SHARES OUTSTANDING:  
BASIC      9,141,000     9,189,000      9,169,000     8,568,000  
DILUTED      9,680,000     9,633,000    9,736,000     8,568,000