|
[posting]24407570[/posting] COLLECTIBLE CONCEPTS GROUP, INC AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS May 31, February 28, 2006 2006 ------------ ------------ (Unaudited) ASSETS CURRENT ASSETS Cash and cash equivalents $ 500,233 $ 74,738 Accounts receivable, net of allowance of $18,536 and $10,517, respectively 16,063 57,835 Trade credits 25,290 -- Inventories 255,248 189,844 Deposits on inventory 125,765 -- Prepaid interest -- 20,625 Prepaid royalties 40,173 62,416 Other prepaid expenses 100 2,865 ------------ ------------ Total current assets 962,872 408,323 ------------ ------------ Property and equipment, net 2,787 1,130 ------------ ------------ Other assets: Film library, net 239,500 245,800 Trade credits 376,299 -- Trademarks 1,300 1,300 Deposits 3,200 3,200 ------------ ------------ Total other assets 620,299 250,300 ------------ ------------ TOTAL ASSETS $ 1,585,958 $ 659,753 ============ ============ LIABILITIES AND DEFICIENCY IN STOCKHOLDERS' EQUITY CURRENT LIABILITIES Accounts payable and accrued expenses $ 2,901,786 $ 2,898,725 Accrued expenses, related party 690,266 744,513 Notes and loans payable 546,309 483,459 Loans payable, related party 1,143 1,878 Convertible subordinated debentures 37,500 127,300 Convertible secured debentures 2,111,416 1,887,399 ------------ ------------ Total current liabilities 6,288,420 6,143,274 ------------ ------------ Long term debt, less current maturities Notes payable 200,000 200,000 Derivative liability related to convertible debentures 17,693,000 13,743,000 Warrant liability related to convertible debentures 76,061 53,569 ------------ ------------ Total long term liabilities 17,969,061 13,996,569 ------------ ------------ Total liabilities 24,257,481 20,139,843 ------------ ------------ COMMITMENTS AND CONTINGENCIES DEFICIENCY IN STOCKHOLDERS' EQUITY Common stock, par value $0.001 per share; 15,000,000,000 shares authorized, 3,876,143,049 and 699,695,037 issued and outstanding, respectively 3,876,143 699,694 Common stock to be issued, 91,496,623 and 313,573,817 respectively 92,252 149,714 Common stock subscription -- 15,000 Subscription receivable -- (15,000) Additional paid in capital 12,502,079 14,107,115 Deferred equity based expense (25,000) (40,000) Accumulated deficit (39,116,997) (34,396,613) ------------ ------------ Total deficiency in stockholders' equity (22,671,523) (19,480,090) ------------ ------------ TOTAL LIABILITIES AND DEFICIENCY IN STOCKHOLDERS' EQUITY $ 1,585,958 $ 659,753 ============ ============ See the accompanying notes to the condensed consolidated financial statements |
|
| aus der Diskussion: | CCGI am 18.10.20006 Rebound?????? |
| Autor (Datum des Eintrages): | fisci (04.10.06 21:09:40) |
| Beitrag: | 3 von 3 (ID:24407648) |
| Alle Angaben ohne Gewähr © wallstreetONLINE | |