3.5 UPDATE ◆AVP2005も増収

３月に入ってからAVPが去年2005年の結果を様々な数字をベースに発表した。 2005ハイライトとして紹介されている内容を見ると........ 　★総収入が前年比27%増の$15.6ミリオン 　★スポンサーからの協賛が30%増の$12.9ミリオン 　★ファンの増加48% 　★スポンサーとして新たに Herbalife / Nature Valley / Nautica が加わる 　★大会数は2大会増えて14、賞金は80%増で$3ミリオン 　★観客総数が112万人（前年度80万8千人） などなど。 去年もまた順調な成長を遂げて 相変わらずの右肩上がりが続いているようだ。 以下2005年度の収支バランスシートも公開されているので 参考までに載せておきましょう。 ******************************************************* AVP PRO BEACH VOLLEYBALL TOUR, INC. F/K/A ASSOCIATION OF VOLLEYBALL PROFESSIONALS, INC. 　　　　　　　BALANCE SHEET ******************************************************* December 31, 2005 ******************************************************* ASSETS CURRENT ASSETS Cash and cash equivalents　　　　　$1,143,345 Accounts receivable, net of allowance for doubtful accounts of $49,232 484,770 Prepaid expenses　　　　　　　　　　　　　　158,054 Current portion of investment in sales-type lease 145,768 TOTAL CURRENT ASSETS　　　　　　　　　1,931,937 PROPERTY AND EQUIPMENT, net　　　　　　　288,409 OTHER ASSETS Investment in sales-type lease　　　　　　　　　416,551 Other assets 　　　　　　　　　　　　　　　　　38,641 TOTAL OTHER ASSETS 455,192 TOTAL ASSETS　　　　　　　　　　$2,675,538 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Notes payable $600,071 Accounts payable 711,303 Accrued expenses 1,576,435 Accrued interest 125,989 Deferred revenue 116,000 TOTAL CURRENT LIABILITIES 3,129,798 OTHER LIABILITIES Long-term deferred revenue 150,000 TOTAL LIABILITIES 3,279,798 COMMITMENTS AND CONTINGENCIES STOCKHOLDERS' DEFICIENCY Preferred stock, 2,000,000 shares authorized: Series A convertible preferred stock, $.001 par value, 1,000,000 shares authorized, no shares issued and outstanding -- Series B convertible preferred stock, $.001 par value, 250,000 shares authorized, 94,488 shares issued and outstanding 94 Common stock, $.001 par value, 80,000,000 shares authorized, 11,669,931 shares issued and outstanding 11,670 Additional paid-in capital 32,183,810 Accumulated deficit (32,799,834) TOTAL STOCKHOLDERS' DEFICIENCY (604,260) TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIENCY $2,675,538 ******************************************************* AVP PRO BEACH VOLLEYBALL TOUR, INC. F/K/A ASSOCIATION OF VOLLEYBALL PROFESSIONALS, INC. 　　　 STATEMENTS OF OPERATIONS ******************************************************* 　　Year Ended December 31, 2005 2004 REVENUE Sponsorships $12,918,471 $9,918,117 Other 2,662,811 2,390,888 TOTAL REVENUE 15,581,282 12,309,005 EVENT COSTS 11,512,511 9,125,829 Gross Profit 4,068,771 3,183,176 OPERATING EXPENSES Marketing 2,447,802 2,435,124 Administrative 4,769,687 3,442,479 Impairment loss for fixed assets 119,277 -- Stock compensation expense 5,640,132 -- TOTAL OPERATING EXPENSES 12,976,898 5,877,603 OPERATING LOSS (8,908,127) (2,694,427) OTHER INCOME (EXPENSE) Interest expense (167,859) (245,870) Interest income 112,030 67,185 TOTAL OTHER INCOME (EXPENSE) (55,829) (178,685) LOSS BEFORE INCOME TAXES (8,963,956) (2,873,112) INCOME TAXES -- -- NET LOSS $(8,963,956) $(2,873,112) Basic and diluted loss per share $(1.03) $(0.97) Weighted average common shares outstanding 8,681,388 2,973,861 ******************************************************* AVP PRO BEACH VOLLEYBALL TOUR, INC. F/K/A ASSOCIATION OF VOLLEYBALL PROFESSIONALS, INC. 　　　 STATEMENTS OF CASH FLOWS ******************************************************* Year Ended December 31, 2005 2004 CASH FLOWS FROM OPERATING ACTIVITIES Net loss $(8,963,956) $(2,873,112) Adjustments to reconcile net loss to net cash flows from operating activities: Depreciation and amortization of property and equipment 164,148 57,561 Loss on impairment of property and equipment 119,277 -- Interest income on investment in sales-type lease (39,596) (67,185) Amortization of deferred commissions 253,339 294,904 Other amortization 8,043 6,033 Amortization of deferred costs -- 1,352,100 Allowance for doubtful accounts 39,232 10,000 Compensation from issuance of stock options and warrants 5,640,132 -- Decrease (increase) in operating assets: Accounts receivables 125,135 (169,442) Investment in and due from joint venture -- 291,084 Prepaid expenses (131,448) (26,606) Other assets (3,946) (1,305) Increase (decrease) in operating liabilities: Accounts payable 396,504 (625,052) Accrued expenses 582,133 211,950 Accrued officer compensation (43,208) (167,625) Accrued interest (7,308) 245,871 Deferred revenue (284,050) 275,050 NET CASH FLOWS FROM OPERATING ACTIVITIES (2,145,569) (1,185,774) CASH FLOWS FROM INVESTING ACTIVITIES Investment in property and equipment (370,131) (228,416) Investment in sales-type lease 105,600 158,400 NET CASH FLOWS FROM INVESTING ACTIVITIES (264,531) (70,016) CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from sale of capital stock $5,000,061 $-- Offering costs (753,038) -- Proceeds from borrowing -- 2,000,000 Payment of registration penalty for common stock 7,822 -- Debt repayments (1,333,333) (183,333) NET CASH FLOWS FROM FINANCING ACTIVITIES 2,921,512 1,816,667 NET INCREASE IN CASH AND CASH EQUIVALENTS 511,412 560,877 CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 631,933 71,056 CASH AND CASH EQUIVALENTS, END OF PERIOD $1,143,345 $631,933 SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION Cash paid during the period for: Interest $86,159 $48,939 Income taxes $800 $-- SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING INFORMATION Net liabilities assumed in merger Cash $4,217 $-- Accounts payable (261,857) -- Accrued Expenses (173,934) -- $(431,574) $-- Conversion of Association redeemable preferred stock into common stock $3,657,600 $-- Conversion of 10% convertible notes payable into common stock $2,290,348 $-- Conversion of AEG note payable into common stock $1,183,333 $-- ******************************************************* [Source: AVP, Inc.] （UPDATE 3041 針谷 和昌）