|
|
|
|
| |
| |
|
(A
Development Stage Company)
|
|
CONDENSED
CONSOLIDATED BALANCE SHEETS
|
|
(unaudited)
|
|
(in
thousands)
|
| |
|
|
|
|
| |
|
September
30, 2002
|
|
December
31, 2001
|
| Assets |
|
|
|
|
| |
Current
assets: |
|
|
|
|
| Cash
and cash equivalents |
|
$
|
25,254 |
|
$
|
61,886 |
| Short-term
investments |
|
10,808 |
|
5,542 |
| Accounts
receivable |
|
392 |
|
- |
| Receivables
from related party, net |
|
-
|
|
64 |
| Inventory,
net |
|
-
|
|
- |
| Prepaid
expenses and other current assets |
|
4,059
|
|
2,925
|
| Total
current assets |
|
40,513
|
|
70,417
|
| |
|
|
|
|
| Property
and equipment, net |
|
3,350 |
|
7,831
|
| Long
term investments |
|
-
|
|
4,064
|
| Content
licenses |
|
9,247 |
|
1,342
|
| Other
assets |
|
46
|
|
212
|
| |
|
Total
assets |
|
$
|
53,156
|
|
$
|
83,866
|
| |
|
|
|
|
| Liabilities
and Stockholders' Equity |
|
|
|
|
| Current
liabilities: |
|
|
|
|
| Accounts
payable |
|
$
|
3,546 |
|
$
|
760 |
| Accrued
expenses and other current liabilities |
|
3,566 |
|
2,827
|
| Payable
to related party, net |
|
286
|
|
-
|
| |
|
Total
current liabilities |
|
7,398
|
|
3,587
|
| |
|
|
|
|
| |
|
|
|
|
| Redeemable
convertible preferred stock, $0.001 par value |
|
-
|
|
-
|
| |
|
|
|
|
| Stockholders'
equity: |
|
|
|
|
| Common
stock, $0.001 par value |
|
94 |
|
92 |
| Additional
paid-in capital |
|
144,104 |
|
144,164
|
| Deficit
accumulated during the development stage |
|
(89,312) |
|
(60,087) |
| Accumulated
other comprehensive income |
|
28
|
|
156
|
| Treasury
stock |
|
(9,156)
|
|
(4,046)
|
| |
|
Total
stockholders' equity |
|
45,758
|
|
80,279
|
| |
|
|
|
|
| Total
liabilities and stockholders' equity |
|
$
|
53,156
|
|
$
|
83,866
|
| |
|
|
|
|
| |
|
|
|
|
| |
|
|
|
