Delaware
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333-124829
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71-1033391
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(State or Other Jurisdiction
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(Commission File Number)
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(I.R.S. Employer
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of Incorporation)
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Identification No.)
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Adjustments for the Three Months Ended March 31, 2010
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||||||||
Unaudited Consolidated Balance Sheet
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March 31, 2010
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March 31, 2010
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||||||
As Reported
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As Adjusted
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|||||||
Total current assets
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$ | 16,789 | $ | 16,319 | ||||
Total assets
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32,242 | 31,772 | ||||||
Total current liabilities
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10,035 | 9,933 | ||||||
Total liabilities
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16,193 | 15,975 | ||||||
Total stockholders’ equity
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16,049 | 15,797 | ||||||
Total liabilities and stockholders’ equity
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$ | 32,242 | $ | 31,772 |
Unaudited Consolidated Statement of Operations
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Three Months Ended March 31, 2010
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Three Months Ended March 31, 2010
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||||||
As Reported
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As Adjusted
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|||||||
Revenue
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$ | 17,132 | $ | 16,662 | ||||
Cost of goods sold
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13,515 | 12,930 | ||||||
Gross profit
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3,617 | 3,732 | ||||||
Selling and marketing
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836 | 1,116 | ||||||
Total operating expenses
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2,941 | 3,221 | ||||||
Income from operations
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676 | 511 | ||||||
Interest expense
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(253 | ) | (456 | ) | ||||
Income from operations before income taxes
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423 | 55 | ||||||
Income tax expense
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133 | (17 | ) | |||||
Income from continuing operations
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290 | 38 | ||||||
Net income
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$ | 290 | $ | 38 | ||||
Basic net income per common share
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$ | 0.26 | $ | 0.03 | ||||
Diluted net income per common share
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$ | 0.10 | $ | 0.01 |
Adjustments for the Three and Six Months Ended June 30, 2010
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||||||||||||||||
Unaudited Consolidated Balance Sheet
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June 30, 2010
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June 30, 2010
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||||||||||||||
As Reported
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As Adjusted
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|||||||||||||||
Total current assets
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$ | 17,304 | $ | 16,772 | ||||||||||||
Total assets
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33,125 | 32,593 | ||||||||||||||
Total current liabilities
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13,628 | 14,273 | ||||||||||||||
Total liabilities
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17,435 | 17,667 | ||||||||||||||
Total stockholders’ equity
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15,690 | 14,926 | ||||||||||||||
Total liabilities and stockholders’ equity
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$ | 33,125 | $ | 32,593 | ||||||||||||
Unaudited Consolidated Statement of Operations
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Three Months Ended June 30, 2010
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Three Months Ended June 30, 2010
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Six Months Ended June 30, 2010
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Six Months Ended June 30, 2010
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||||||||||||
As Reported
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As Adjusted
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As Reported
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As Adjusted
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|||||||||||||
Revenue
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$ | 10,470 | $ | 9,776 | $ | 27,602 | $ | 26,438 | ||||||||
Cost of goods sold
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7,957 | 7,907 | 21,472 | 20,838 | ||||||||||||
Gross profit
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2,513 | 1,869 | 6,130 | 5,601 | ||||||||||||
Selling and marketing
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1,217 | 1,233 | 2,053 | 2,349 | ||||||||||||
Total operating expenses
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2,898 | 2,914 | 5,839 | 6,135 | ||||||||||||
(Loss) income from operations
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(385 | ) | (1,045 | ) | 291 | (534 | ) | |||||||||
Interest expense
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(368 | ) | (517 | ) | (621 | ) | (973 | ) | ||||||||
Loss from operations before income taxes
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(753 | ) | (1,562 | ) | (330 | ) | (1,507 | ) | ||||||||
Income tax benefit
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277 | 575 | 144 | 557 | ||||||||||||
Loss from continuing operations
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(476 | ) | (987 | ) | (186 | ) | (950 | ) | ||||||||
Net loss
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$ | (476 | ) | $ | (987 | ) | $ | (186 | ) | $ | (950 | ) | ||||
Basic and diluted net loss per common share
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$ | (0.11 | ) | $ | (0.22 | ) | $ | (0.07 | ) | $ | (0.34 | ) |
Adjustments for the Three and Nine Months Ended September 30, 2010
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||||||||||||||||
Unaudited Consolidated Balance Sheet
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September 30, 2010
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September 30, 2010
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||||||||||||||
As Reported
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As Adjusted
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|||||||||||||||
Total current assets
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$ | 33,638 | $ | 32,778 | ||||||||||||
Total assets
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48,190 | 47,330 | ||||||||||||||
Total current liabilities
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21,611 | 22,256 | ||||||||||||||
Total liabilities
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24,467 | 24,586 | ||||||||||||||
Total stockholders’ equity
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23,723 | 22,744 | ||||||||||||||
Total liabilities and stockholders’ equity
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$ | 48,190 | $ | 47,330 | ||||||||||||
Unaudited Consolidated Statement of Operations
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Three Months Ended September 30, 2010
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Three Months Ended September 30, 2010
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Nine Months Ended September 30, 2010
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Nine Months Ended September 30, 2010
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||||||||||||
As Reported
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As Adjusted
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As Reported
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As Adjusted
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|||||||||||||
Revenue
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$ | 17,581 | $ | 17,253 | $ | 45,183 | $ | 43,691 | ||||||||
Cost of goods sold
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13,894 | 13,579 | 35,366 | 34,417 | ||||||||||||
Gross profit
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3,687 | 3,674 | 9,817 | 9,275 | ||||||||||||
Selling and marketing
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1,307 | 1,307 | 3,360 | 3,656 | ||||||||||||
Total operating expenses
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2,865 | 2,865 | 8,704 | 9,000 | ||||||||||||
Income from operations
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822 | 809 | 1,113 | 275 | ||||||||||||
Interest expense
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(343 | ) | (658 | ) | (964 | ) | (1,631 | ) | ||||||||
Income (loss) from operations before income taxes
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479 | 151 | 149 | (1,356 | ) | |||||||||||
Income tax(expense) benefit
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(165 | ) | (52 | ) | (21 | ) | 505 | |||||||||
Income (loss) from continuing operations
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314 | 99 | 128 | (851 | ) | |||||||||||
Net income (loss)
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$ | 314 | $ | 99 | $ | 128 | $ | (851 | ) | |||||||
Basic net income (loss) per common share
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$ | 0.05 | $ | 0.02 | $ | 0.03 | $ | (0.22 | ) | |||||||
Diluted net income (loss) per common share
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$ | 0 04 | $ | 0.01 | $ | 0.02 | $ | (0.22 | ) |
ZOO ENTERTAINMENT, INC.
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|||
Date: April 15, 2011
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By:
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/s/ David Fremed | |
Name: | David Fremed | ||
Title: | Chief Financial Officer | ||