LifeGoal Home Down Payme... (AMEX:HOM)
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From Jun 2019 to Jun 2024
HOME SOLUTIONS OF AMERICA, INC.
CONSOLIDATED BALANCE SHEET
(In Thousands, Except Per Share Data)
(Unaudited)
June 30,
2005
ASSETS
Current assets:
Cash $ 1,901
Accounts receivable, net of allowance
for doubtful accounts of $287 9,501
Note receivable 980
Inventories 2,125
Costs in excess of billings 442
Prepaid expenses and other current assets 710
Assets held for sale 940
Total current assets 16,599
Property and equipment, net of accumulated
depreciation of $876 2,911
Intangibles, net of accumulated amortization of $634 8,271
Goodwill 24,796
Due from related party 10
Other assets 140
$ 52,727
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable and accrued expenses $ 6,836
Current portion of debt 6,589
Current portion of capital lease obligations 85
Billings in excess of costs 180
Due to related party 265
Notes payable to related party 750
Total current liabilities 14,705
Long-term liabilities:
Debt, net of current portion 7,526
Minority interest 330
Capital lease obligations, net of current portion 102
Total liabilities 22,663
Commitments and contingencies
Stockholders' equity:
Series A convertible preferred stock,
$0.001 par value, 0.08 shares authorized; ---
0.068 shares issued and outstanding
(total liquidation preference of $1,746)
Series B convertible preferred stock,
$.001 par value, 0.04 shares authorized, ---
0.04 shares issued and outstanding
(total liquidation preference of $1,036)
Common stock, $0.001 par value, 50,000 shares
authorized; 20,941 shares issued and outstanding 21
Additional paid-in capital 49,328
Accumulated deficit (19,285)
Total stockholders' equity 30,064
$ 52,727
HOME SOLUTIONS OF AMERICA, INC.
CONSOLIDATED STATEMENTS OF INCOME
(In Thousands, Except Per Share Amounts)
(Unaudited)
Three Months Ended Six Months Ended
June 30, June 30,
2005 2004 2005 2004
Net sales $ 16,055 $ 7,415 $ 25,370 $ 14,082
Costs and expenses
Cost of sales 9,490 3,875 14,339 7,577
Selling, general and
administrative expenses 4,705 2,587 7,544 5,047
14,195 6,462 21,883 12,624
Operating income 1,860 953 3,487 1,458
Other income (expense):
Gain on sale of assets (1) (4) --- 2
Interest income 15 1 32 3
Interest expense (447) (244) (794) (428)
Other income 29 12 47 164
Total other income (expense) (404) (235) (715) (259)
Income (loss) before income
taxes and minority interest 1,456 718 2,772 1,199
Income taxes (104) --- (206) ---
Minority interest in income
of consolidated subsidiary (287) (139) (480) (193)
Net income $ 1,065 $ 579 $ 2,086 $ 1,006
Net income available to common
shareholders per share:
Basic $ 0.04 $ 0.02 $ 0.09 $ 0.05
Diluted 0.04 0.02 0.08 0.04
Weighted average number of
common shares outstanding:
Basic 20,929 16,321 18,959 16,129
Diluted 22,464 16,908 20,622 16,906
PRNewswire-FirstCall -- Aug. 15
END FIRST AND FINAL ADD
DATASOURCE: Home Solutions of America, Inc.