|
CONSOLIDATED BALANCE SHEETS (USD $)
|
Apr. 28, 2012
|
Jan. 28, 2012
|
| Current assets: |
|
|
| Cash and cash equivalents |
$ 7,121,000 |
$ 7,421,000 |
| Receivables |
7,183,000 |
5,320,000 |
| Income taxes receivable |
1,758,000 |
672,000 |
| Prepaid expenses and other current assets |
237,000 |
152,000 |
| Deferred tax asset |
109,000 |
100,000 |
| Total current assets |
16,408,000 |
13,665,000 |
| Deferred tax asset |
1,350,000 |
1,230,000 |
| Property and equipment, net |
722,000 |
733,000 |
| Trademarks, net |
5,338,000 |
5,596,000 |
| Total assets |
23,818,000 |
21,224,000 |
| Current liabilities: |
|
|
| Accounts payable |
1,084,000 |
850,000 |
| Deferred Revenue - current |
315,000 |
320,000 |
| Accrued compensation payable |
125,000 |
268,000 |
| Income taxes payable |
2,141,000 |
|
| Accrued dividends |
1,677,000 |
1,677,000 |
| Deferred tax liability - current |
32,000 |
38,000 |
| Short term debt |
500,000 |
500,000 |
| Total current liabilities |
5,874,000 |
3,653,000 |
| Long term liabilities: |
|
|
| Deferred tax liability - non current |
32,000 |
|
| Deferred Revenue - non-current |
223,000 |
382,000 |
| Long term debt |
6,314,000 |
6,438,000 |
| Total liabilities |
12,443,000 |
10,473,000 |
| Commitments and Contingencies |
|
|
| Stockholders' Equity |
|
|
| Preferred stock, $.02 par value, 1,000,000 shares authorized, none issued and outstanding |
|
|
| Common stock, $.02 par value, 20,000,000 shares authorized, 8,387,167 issued and outstanding at April 28, 2012 and 8,387,167 issued and outstanding at January 28, 2012 |
167,000 |
167,000 |
| Additional paid-in capital |
19,502,000 |
19,271,000 |
| Retained earnings (deficit) |
(8,294,000) |
(8,687,000) |
| Less: Treasury Stock, Common: 400,000 shares |
0 |
|
| Total stockholders' equity |
11,375,000 |
10,751,000 |
| Total liabilities and stockholders' equity |
$ 23,818,000 |
$ 21,224,000 |