Total liabilities and shareholders' equity Preferred stock, $.01 par value 2,000,000 shares authorized no shares issued and outstanding as of March 31, 2016, and December 31, 2015Ĭommon stock, $.01 par value 30,000,000 shares authorized 2,330,438 issued and outstanding as of Maand December 31, 2015Īccumulated other comprehensive loss - foreign currency translation Security Deposit-Related Party- less allowance of $2,000,000 at Maand December 31, 2015 Prepaid expenses and other current assets - Related Party - less allowance of $344,041 at March 31, 2016, and December 31, 2015 Prepaid expenses and other current assets UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDSĪccounts receivable- less allowance for doubtful accounts of $29,853 at March 31, 2016, and $42,203 at December 31, 2015 QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act) Yes ☐ No ☒Īs of May 16, 2016, there were 2,330,438 shares of common stock, with $.01 par value per share, outstanding.Ĭondensed Consolidated Balance Sheets as of Ma(unaudited) and December 31, 2015Ĭonsolidated Statement of Operations and Comprehensive Income/(loss) for the three months ended Ma(unaudited) and 2015Ĭonsolidated Statement of Cash Flows for the three months ended Maand 2015 (unaudited) (Do not check if a smaller reporting company) See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. (Exact Name of Registrant as Specified in Its Charter) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934įor the transition period from _ to _ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.įor the quarterly period ended: March 31, 2016 “Moviefone has been a go-to resource for entertainment enthusiasts for years, and we’re excited to bolster its presence and bring this iconic platform into the entertainment ecosystem of the future.Helios & Matheson Analytics Inc. “This natural alignment between MoviePass and Moviefone will help us grow our subscriber base significantly and expand our marketing and advertising platform for our studio and brand partners,” said MoviePass CEO Mitch Lowe in the acquisition release. Acquiring Moviefone is supposed to help the company expand into content and advertising. MoviePass, meanwhile, allows customers to pay $9.95 a month ( or less) to get one free movie ticket per day, albeit with inconveniences like the need to physically buy your ticket at the theater. It will also continue sell Moviefone’s digital ad inventory. That means Oath now has a stake in MoviePass. The deal includes a $1 million cash payment, as well as stock that could bring the total value up to $23 million, according to Variety. AOL acquired Moviefone for $388 million back in 1999. Moviefone was previously owned by Oath, the Verizon subsidiary formed from the merger of AOL and Yahoo. Helios and Matheson Analytics, which already owns movie ticket subscription service MoviePass, has acquired Moviefone.ĭespite the old-school name, Moviefone is now a digital media business with trailers, movie information and ticketing via Fandango - it says it reaches 6 million unique visitors each month.
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