-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, PVTctry+HXk3I3XVTO7nPfWvmL15K7lA7Fz/vLIeK3y4ITcgudUrvPMIJfbzf0nk Cyg+lr1m6Qf9hQCMQ2dYlw== 0000950147-98-000720.txt : 19980916 0000950147-98-000720.hdr.sgml : 19980916 ACCESSION NUMBER: 0000950147-98-000720 CONFORMED SUBMISSION TYPE: 10QSB PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980731 FILED AS OF DATE: 19980915 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: SC&T INTERNATIONAL INC CENTRAL INDEX KEY: 0001000079 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER PERIPHERAL EQUIPMENT, NEC [3577] IRS NUMBER: 860737579 STATE OF INCORPORATION: AZ FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: 10QSB SEC ACT: SEC FILE NUMBER: 000-27382 FILM NUMBER: 98709738 BUSINESS ADDRESS: STREET 1: 15695 NORTH 83RD WAY CITY: SCOTTSDALE STATE: AZ ZIP: 85260 BUSINESS PHONE: 6023689490 MAIL ADDRESS: STREET 1: 15695 NORTH 83RD WAY CITY: SCOTTSDALE STATE: AZ ZIP: 85260 10QSB 1 QUARTERLY REPORT US SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-QSB QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 1998. Commission File Number: 0-27382. SC&T International, Inc. ---------------------------------------------------------- (Exact name of small business as specified in its charter) Arizona 86-0737579 - ------------------------------- ----------------------------- (State or other jurisdiction of (IRS Employer Identification) incorporation or organization) 15695 North 83rd Way, Scottsdale, Arizona 85260 ----------------------------------------------- (Address of principal executive offices) (602) 368-9490 ---------------------------------------------------- (Registrant's telephone number, including area code) - -------------------------------------------------------------------------------- (Former name, former address and former fiscal year, if changed since last report) Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes X No --- --- APPLICABLE ONLY TO CORPORATE ISSUERS State the number of shares outstanding of each of the issuer's classes of common equity as of September 10, 1998, latest practicable date: 24,553,684 shares of Common Stock, par value $0.01 per share. Transitional Small Business Disclosure Format (Check one): Yes No X --- --- 1 SC&T INTERNATIONAL, INC. AND SUBSIDIARY Page Part I Financial Information Item 1 Financial Information Consolidated Balance Sheet as of July 31,1998 3 Consolidated Statements of Operations for the Three Months Ended July 31,1998 and July 31,1997 5 Consolidated Statement of Shareholders' Equity for the Three Months Ended July 31,1998 6 Consolidated Statements of Cash Flows for the Three Months Ended July 31,1998 and July 31, 1997 7 Notes to Consolidated Financial Statements 8 Item 2 Management's Discussion and Analysis 10 Part II Other Information Item 1 Litigation 14 Item 2 Change in Securities 14 Item 3 Defaults Upon Senior Securities 14 Item 4 Submission of Matters to a Vote of Security-Holders 15 Item 5 Other Information 15 Item 6 Exhibits & Reports on Form 8-K 15 2 PART I - FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS SC&T INTERNATIONAL, INC. AND SUBSIDIARY CONSOLIDATED BALANCE SHEET July 31,1998 ASSETS Current assets: Cash $ 13,528 Receivables 1,249,381 Inventory 1,741,215 Other current assets 178,385 ---------- Total current assets 3,182,509 Product development costs, less accumulated amortization of $ Property and equipment, less accumulated depreciation of $ 728,265 Other assets 152,989 ---------- $4,063,763 ========== The accompanying notes are an integral part of these consolidated financial statements. 3 SC&T INTERNATIONAL, INC. AND SUBSIDIARY CONSOLIDATED BALANCE SHEET July 31,1998 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable $ 1,250,001 Common stock payable 103,130 Advances From Factor 409,608 Accrued expenses 297,766 ----------- Total current liabilities 2,060,505 Long term liabilities - Deferred Income-Long Term 187,646 Shareholders' equity: Common stock, $0.01 par; authorized 25,000,000 shares; 23,135,263 shares issued and 22,935,263 shares outstanding 231,536 Series A preferred stock, $0.01 par; authorized 5,000,000 shares; 153 shares issued and outstanding 2 Series B preferred stock, $100,000 Stated Value, 15 shares issued and outstanding 1,500,000 Additional paid-in capital 13,280,028 Currency translation 58,782 Accumulated deficit (13,254,736) ------------ Total shareholders' equity 1,815,612 ------------ $ 4,063,763 ============ The accompanying notes are an integral part of these consolidated financial statements. 4 SC&T INTERNATIONAL, INC. AND SUBSIDIARY CONSOLIDATED STATEMENTS OF OPERATIONS For the Three Months Ended July 31, 1998 and 1997 1998 1997 ------------- ------------ Net sales $ 1,079,982 $ 1,178,685 Cost of goods sold 950,840 1,266,824 ------------ ------------ Gross profit 129,142 (88,139) Selling, general and administrative expenses: Payroll and payroll taxes 325,464 517,687 Selling and promotion 215,535 757,065 Office and administrative 352,375 573,282 Research and development 21,952 55,623 Consulting fees 427 106,580 Other 133,603 157,958 ------------ ------------ 1,049,356 2,168,195 ------------ ------------ Loss from operations (920,214) (2,256,334) Other income (expense): Interest income 3,720 39,177 Interest expense (595) 30,968 ------------ ------------ Loss before income tax (917,089) (2,186,189) Income tax expense -- -- ------------ ------------ Net loss $ (917,089) $ (2,186,189) ============ ============ Net loss from operations per common share $ (0.04) $ (0.08) ============ ============ Net loss per common share $ (0.04) $ (0.08) ============ ============ Weighted average common shares outstanding 23,568,516 23,135,273 ============ ============ The accompanying notes are an integral part of these financial statements. 5 SC&T INTERNATIONAL, INC. AND SUBSIDIARY CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY For the Three Months Ended July 31,1998
Common Stock Preferred Stock Additional Treasury Stock ------------ --------------- paid-in -------------- Currency Accumulated Shares Amount Shares Amount capital Shares Amount translation deficit ---------- -------- ------- ---------- ----------- ------ -------- ------------ ------------ Balance at April 30,1998 23,153,684 $231,538 188 $1,500,002 $13,280,028 $ $ $(12,146,254) Prior period inventory valuation adjustment (191,393) Preferred stock issuance costs -- -- -- -- -- -- -- -- -- Issuance of common stock -- -- -- -- -- -- -- -- -- Preferred stock conversion -- -- -- -- -- -- -- -- -- Currency translation -- -- -- -- -- -- -- 58,782 -- Net loss -- -- -- -- -- -- -- -- (917,089) ---------- -------- ----- ---------- ----------- ------ -------- ------------ ------------ Balance at July 31,1998 23,153,684 $231,536 188 $1,500,002 $13,280,028 $ $ 58,782 $(13,254,736) ========== ======== ===== ========== =========== ====== ======== ============ ============
The accompanying notes are an integral part of these consolidated financial statements. 6 SC&T INTERNATIONAL, INC. AND SUBSIDIARY CONSOLIDATED STATEMENTS OF CASH FLOWS For the Three Months Ended July 31, 1998 and 1997
1998 1997 --------- ----------- Cash flows from operating activities: Net loss $(917,089) $(2,186,189) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 156,797 430,828 (Increase) decrease in accounts receivable (507,672) 929,207 Decrease in allowance for doubtful accounts -- -- (Increase )decrease in inventories 306,424 867,651 (Increase) decrease in advances on purchases of inventory -- (Increase)decrease in other current assets (42,348) (157,383) Consigned Inventory 187,646 -- Increase in prepaid expenses 11,800 -- Increase in other assets -- (27,632) Increase (Decrease) in accounts payable (74,570) (28,612) Increase (Decrease) in accrued expenses (253,166) 178,976 --------- ----------- Net cash used in operating activities (215,089) 2,193,035 --------- ----------- Cash flows from investing activities: Purchase of property and equipment -- (29,666) Development costs -- Loans to related parties -- --------- ----------- Net cash used in investing activities (29,666) --------- ----------- Cash flows from financing activities: Currency translation 58,782 Net borrowings under line of credit agreement -- Principal payments on short-term debt -- Principal payments on long-term debt -- Proceeds from note payable, related party -- -- Net repayments on related party loans -- Net borrowings on notes payable, bank -- -- Preferred stock issuance costs -- Change in advances from factor 225,364 --------- ----------- Net cash (used in)provided by financing activities 284,146 -- --------- ----------- Net (decrease)increase in cash (848,032) (22,820) Cash, beginning of period 861,560 1,890,694 --------- ----------- Cash, end of period $ 13,528 $ 1,867,874 ========= ===========
The accompanying notes are an integral part of these consolidated financial statements. 7 SC&T INTERNATIONAL, INC. AND SUBSIDIARY Notes to Consolidated Financial Statements (Unaudited) 1. Interim financial reporting: The accompanying unaudited Consolidated Financial Statements for SC&T International, Inc. (the "Company") have been prepared in accordance with the generally accepted accounting principles for interim financial information and the instructions to Form 10-QSB. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows for the periods presented have been made. The results of operations for the three month period ended July 31,1998 is not necessarily indicative of the operating results that may be expected for the entire fiscal year ending April 30,1999. Reclassification: Certain prior period amounts have been reclassified to conform to the current period presentation. 2.. Common Stock: On October 22, 1997, the Company's shares of common stock, which was traded under the symbol SCTI, were delisted from the Nasdaq Small cap market. This action was taken as a direct result of the Company's failure to meet the filing requirement as stated in marketplace Rule 4310(c)(14). The failure to meet the filing requirement was the result of the untimely resignation of the Company's accounting firm, Toback & Company. The Company has complied with all reporting requirements in a timely manner since retaining Evers & Company in October, 1997. The company has completed and filed its 10K report for the year ended April 30,1998. The company has entered into agreements with the holders of 98% of the Series A Preferred Stock hereby all of their shares of Series A Preferred Stock are tendered for conversion at a fixed conversion price of $1.00 per share ( the "Fixed Conversion "). The holders of Series A Preferred Stock waive all other conversion rights which they may have pursuant to any agreement. In addition to the fixed conversion price, the holders of the Series A Preferred Stock will also receive warrants to purchase one-third of the number of shares which they receive pursuant to the Fixed Conversion price at a price of $1.75 per share subject to ordinary anti-dilution provisions ( the "Warrant Shares"). The Company did not have an adequate number of authorized shares to cover the warrants, employee stock options and the remaining preferred shareholders. In order to allow the Company to have sufficient shares for these transactions, the President of the Company returned 1,648,444 of his shares to the Company. Subsequent to year end, the Board of Directors approved the issuance of 15 shares of Series B Preferred Stock at $100,000 stated value per share to the President in exchange for 1,500,000 shares of common stock returned. The preferred shares are convertible into common stock at the rate of 12 shares for 8 SC&T INTERNATIONAL, INC. AND SUBSIDIARY Notes to Consolidated Financial Statements (Unaudited) every $1 of face value of the Series B Preferred stock. In addition, the President received $150,000 in cash for the additional 148,444 shares returned. The transaction has been retroactively applied to the 1998 financial statements. 3. Proxy Approval In July, 1998 shareholders of the Company approved two motions. The first, to increase the number of authorized shares by 50,000,000 bringing the total to 75,000,000. The second motion approved was to authorize a reverse split. Management's current intent is not to reverse the stock until the Company' share price has increased and the Company reaches profitability. At this time the Company has not set a date for a reverse split, but does not expect a reverse split until early in calendar year or until such time as the common share value has improved. 4. Commitments and Contingencies Operating leases: In October 1996, the Company purchased approximately 1.24 acres of land located at the Scottsdale Airpark in Scottsdale, Arizona. The Company completed construction of approximately 12,000 square feet of warehouse space and approximately 6,000 square feet of executive office space in April 1997. The Company has subsequently sold the building on June 30, 1997 and effective July 1, 1997 leased the building back from the buyer. 9 ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The statements contained in this report on form 10SB that are not purely historical are forward-looking statements within the meaning of the Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934, including statements regarding the Company's "expectations," "anticipation," "intentions," "beliefs," or "strategies," regarding the future. Forward-looking statements include statements regarding revenue, margins, expenses and earnings analysis for the remainder of the fiscal year 1999 and thereafter; future products or product development strategy; and liquidity and anticipated cash needs and availability. All forward looking statements included in this document are based on information available to the Company on the date of this report, and the Company assumes no obligation to update any such forward-looking statement. It is important to note that the Company's actual results could differ materially from those in such forward-looking statements. Overview SC&T International, Inc. (the "Company") was formed in June 1993. The Company develops and markets accessory and peripheral products for the computer and video game industries under its PLATINUM SOUND and PER4MER registered trademarks.. The Company's products include sub-woofer and speaker sound enhancement systems, PC volume controllers, and a line of PC and video arcade racing wheels for SEGA, Nintendo, Sony Playstation and IBM-PC's. The Company's multimedia keyboards line has been discontinued, in favor of a second generation product targeted at the corporate market. This second generation, featuring an enhanced Voice Recognition product, has been completed but at this time has not been introduced into the market. On December 31, 1994, the Company purchased SC&T Europe, a marketing and distribution company located in Antwerp, Belgium. The Company, in an effort to reduce its European operating costs, consolidated its European distribution operations into one central facility located in the United Kingdom, in May 1997. The Company formed SC&T Europe Limited, located in Portsmouth England. The Belgium office was closed in August, 1998. All current marketing and distribution operations, including a United Kingdom domestic sales force, is now being handled out of the United Kingdom operations. Despite the expansion in the number of customers and the corresponding increase in revenue since commencing operations, the Company's total operating expenses have exceeded revenue, resulting in a net loss of approximately $917,000 for the three months ended July 31,1998. The Company's primary costs are for research and development, tooling for new products, inventory, trade shows, and selling and promotion activities. Although these expenses were kept to a minimum during the quarter, the Company expects these costs to increase at a reduced rate when compared to the expected rate of increase in sales. In addition, operating results may be influenced by factors such as the demand for the Company's products, the timing of new product introductions by both the Company and its competitors, pricing by both the Company and its competitors, inventory levels, the Company's ability to develop and market new products, the Company's ability to manufacture its products at high quality levels and at commercially reasonable costs, the timing and levels of sales and marketing expenditures, and general economic conditions. 10 Operating results of the Company for the three month period ended July 31,1998 and 1997. Net Sales Net sales for the three months ended July 31,1998 decreased to approximately $1,079,000 or approximately $99,000 less than net sales for the three months ended July 31,1997. The net change in sales was approximately 8%. Gross Profit The Company's gross profit percentage for the three months ended July 31,1998 before special inventory adjustments was approximately 25%. The Company's cost of sales includes inventory write-downs, returns and special adjustments. The Company charged operations over $400,000 for the period ended July 31,1997. Gross profit for the period before inventory write downs was 26%. Gross profit margins are affected by several factors, including the product mix between the Company's products. Typically, products sell at gross profit margins ranging from 20% to 40%. The Company anticipates that new products will initially sell at higher gross profit margins. However, there can be no assurance that higher margins will be maintained over the life of the product. Payroll and Payroll Taxes The Company's payroll and payroll tax expense decreased from approximately $517,000 in the three months ended July 31,1997 to approximately $325,000 for the three months ended July 13,1998, or approximately 37%. Substantial cost reductions were made in executive salaries, relocation costs and employment expenses for advertising and fees. Selling and Promotion The Company's selling and promotion expenses decreased from approximately $757,000 for the three months ended July 31,1997 to approximately $215,000 for the three months ended July 31,1998, or a decrease of approximately 71%. This represents an decrease in selling and promotion expenses, as a percentage of sales from 64% for the three months ended July 31,1997 to 20% for the three months ended July 31,1998. Approximately one-third of the decrease was due to a reduction in expenses for packaging new products, decreased trade show expenses and discontinuance of sponsorship expenses of Kool Toyota Racing Series. 11 Office and Administration The Company's office and administrative expenses decreased from approximately $573,000 for the three months ended July 31,1997 to approximately $352,000 for the three months ended July 31,1998, or approximately 39%. As a percentage of net sales, office and administrative expenses decreased from 48% to 32%. Major cost reductions were made in legal expense $193,000 and general office overhead expenses $28,000. Development Cost Amortization Development cost amortization decreased from approximately $55,000 for the three months ended July 31, 1997 to approximately $21,000 for the three month period ended July 31, 1998. Development cost amortization represents amortization of costs associated with development of new products. Such costs are amortized over a 12 month period commencing with the first sale of the product. Consulting Fees Expenditure for consulting fees decreased from approximately $106,000 for the three months ended July 31, 1997 to less than $1,000 for the three months ended July 31,1998. Most of the consulting fees for 1997 were in conjunction with the conversion of Series A preferred stock to common stock. Net Loss As a result of the factors described above, the Company's loss from operations decreased from approximately $2,186,000 for the three months ended July 31,1997 to approximately $917,000 for the three months ended July 31,1998. The operating results for the period ended July 31,1997 include extraordinary expenses recorded in June, 1997 which was formerly the fiscal year end. Net Loss Per Share Net loss per share from operations decreased from $0.08 for the three months ended July 31,1997 to $0.04 for the three months ended July 31,1998. Liquidity and Capital Resources As a result of the Company's initial public offering, and its private placement of Series A Preferred Stock in June 1996, the Company's working capital improved to approximately $3,635,084 at September 30, 1997. The Company is required to pay the costs of stocking inventory before the Company receives orders and payment from its customers. Typically, the Company's customers do not pay the Company for its products until approximately 60 days following delivery and billing. As a result, the receipt of cash from operations typically lags substantially behind the payment of the costs for purchase and delivery of the Company's products. 12 Through July 1996, the Company financed operations by factoring its United States receivables. Historically, the Company's European subsidiary financed operations through a line of credit of approximately $182,000 denominated in Belgian francs. In addition, to raise funds to meet its expenses, the Company obtained inventory financing in April and May 1995 for an aggregate of $1,000,000, completed a private placement in April 1995 of $1,500,000 for 2,000,000 shares of Common Stock, completed a private placement in September 1995 of $875,000 of 8% Subordinated Debentures. In December 1995, the Company used approximately $1,875,000 of the $4,500,000 gross proceeds of its initial public offering to repay the inventory financing and the 8% Subordinated Debentures. In June 1996 the Company received gross proceeds of $10,510,000 for an issuance of 1,051 shares of Series A Preferred Stock. The preferred shareholders earn 8% accretion per annum up to the date of conversion. Business Outlook and Risk Factors Management believes there is a growing acceptance in the global marketplace for the Company's expanding product line. SC&T products are currently sold in over 25 countries worldwide. The Company plans four to six new product introductions over the next six months. The Company has developed new manufacturing alliances which have reduced costs due to economies of scale production environments. The Company's total revenue and product mix could be materially and adversely affected by many factors, some of which are beyond the control of the Company. Those factors include, but are not limited to, turnover in the Company's sales force, competition from existing or new products, production delays, the Company's ability to penetrate new markets and attract new customers, unexpected postponement or cancellation of significant orders, lack of market acceptance of the Company's products, manufacturing defects and seasonality of sales and general economic conditions. Business Outlook and Risk Factors, Continued The Company believes the accessory and peripheral products markets for the personal computer and video gaming industries has a strong outlook. These markets are characterized by sales growth, rapid technological change, frequent introduction of new products, product upgrades and evolving industry standards. The Company strives to provide market-leading solutions that address the personal computer user interested in upgrading existing equipment. Due to the risk factors discussed and to other factors that generally affect high technology companies, there can be no assurance that the Company will be able to successfully penetrate these markets in the future. The Company's 10K report for the year ended April 30,1998 contained a going concern qualification. The Company does not dispute this qualification. Without a substantial increase in revenues the Company will require additional working capital through external sources to continue to fund its operations. Management plans to actively explore debt and equity financing as well as holding discussions with potential merging partners to obtain required financing. 13 PART II - OTHER INFORMATION ITEM I. LITIGATION Pending or Threatened Litigation A. Home Arcade v SC&T In 1997, Home Arcade filed suit for breach of a license agreement, a suit which alleges bad faith and fraud claims. The compliant seeks damages in excess of $900,000, however, the principal amounts are far less. The requested relief includes trebling and punitive damages. Management has positively evaluated the issues of breech and vigorously disputes the principal amount. Management intends to vigorously defend the case. Further, management is in the process of filing counterclaims alleging that SC&T, among other things, actually incurred significant losses as a result of Home Arcade's misrepresentations and breach of the licensing agreement. The litigation is pending in Santa Clara County, San Jose, California. It is expected to last approximately two years. B. SC&T V. Brian Johnson In 1998 SC&T filed suit against a former sales person for recovery of moving expenses pursuant to the moving expense agreement. These expenses became due when Mr. Johnson resigned prior to one year from the agreement. SC&T , also, alleges that Mr. Johnson submitted fraudulent reimbursement vouchers. Mr. Johnson filed a counterclaim alleging he did not receive full compensation during his tenure. Management has evaluated the claims and intends to vigorously prosecute its claims against Mr. Johnson and expects a positive judgment within one to one and one half years. C. Jack of All Games v. SC&T In June, 1997 Jack of All Games Entertainment, Inc., sued the Company in Hamilton County, Ohio for breach of contract regarding the purchase of 5,000 steering wheel accessories. Jack of All Games is seeking approximately $180,000 in damages. Plaintiff claims the steering wheels it received were not merchantable for the purpose for which they were intended The Company has answered the compliant and denied all material allegations. It is anticipated that the litigation of these issues will be concluded within one year. ITEM 2. CHANGES IN SECURITIES None ITEM 3. DEFAULTS UPON SENIOR SECURITIES None 14 ITEM 4. SUBMISSIONS OF MATTERS TO A VOTE OF SECURITY-HOLDERS In July, 1998 Shareholders approved a motion to issue an additional 50,000,000 common stock from 25,000,000 to 75,000,000 and to allow the Company to reverse common stock outstanding at a time deemed necessary by the Board of Directors. ITEM 5. OTHER INFORMATION None ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K On June 17,1998 the registrant filed with the Securities Exchange Commission to change its fiscal year from March 31 to April 30. 15 SIGNATURES In accordance with the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the date indicated. Signature Capacity Date --------- -------- ---- SC&T INTERNATIONAL, INC. /s/ James L. Copland Chairman of the Board September 15, 1998 - ----------------------- and Chief Executive Officer /s/ Richard W. Elwood Director of Finance September 15, 1998 - ----------------------- 16 EX-27 2 FDS --
5 1 U.S. Dollars 3-MOS APR-30-1998 MAY-01-1998 JUL-31-1998 1 13528 0 1249381 450281 1741215 3182509 1090481 362216 4063763 2060505 0 0 1500002 231536 (237) 4063763 1079982 1079982 957498 957498 0 0 6514 (917089) 0 (917089) 0 0 0 (917089) (0.04) 0
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