Growing Destination Study in Australia |
I V illage should be able to capitalize on this advantage in Sponsorship, advertising, and usage 12,450,620 6,018,696 732,045 T otal revenues 15,011,823 6,018,696 732,045 Production, product, and technology 14,521,015 7,606,355 4,521,410 Sales and marketing 28,522,874 8,770,581 2,708,779 General and administrative 10,612,434 7,840,588 3,103,864 Depreciation and amortization 5,683,006 2,886,256 108,956 T otal operating expenses 59,339,329 27,103,780 10,443,009 Loss from operations (44,327,506) (21,085,084) (9,710,964) Interest income (expense), net 591,186 (215,876) 28,282 Loss on sale of website (503,961) - - Net loss (43,653,682) (21,300,960) (9,682,682) Cash and cash equivalents 30,824,869 4,334,721 Accounts receivable 3,147,561 2,199,520 Other current assets 715,161 153,985 T otal current assets 34,687,591 6,688,226 Fixed assets, net 7,380,366 3,802,823 Goodwill and other intangible assets, net 4,535,148 5,598,233 T otal assets 46,790,965 16,236,083 LIABILITIES AND STOCKHOLDERS EQUITY Accounts Growing Destination Study in Australia and accrued expenses 11,559,711 3,989,945 Capital leases payable 136,573 247,943 Deferred revenue 2,909,740 1,004,199 Other current liabilities 162,859 332,531 T otal current liabilities 14,768,883 5,574,618 Capital leases payable, net of current portion - 139,346 T otal liabilities 14,768,883 5,713,964 Additional paid-in capital 112,848,505 43,180,649 Accumulated deficit (76,274,895) (32,621,213) Stockholders notes receivable (565,000) (65,000) Unearned compensation and deferred advertising (4,029,512) - T otal stockholders equity 32,022,082 10,522,119 T otal liabilities and Welcome to Brock University equity 46,790,965 16,236,083 In March 1998, i Village v entured into electronic commerce with the acquisi- tion of an online store, i Baby, a one-year -old Growing Destination Study in Australia commerce success. |