Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Jan. 30, 2021
Feb. 01, 2020
Current assets:    
Cash $ 15,485,000 $ 10,287,000
Accounts receivable, net 61,951,000 63,594,000
Inventories 68,715,000 78,863,000
Current portion of television distribution rights, net 19,725,000  
Prepaid expenses and other 7,853,000 8,196,000
Total current assets 173,729,000 160,940,000
Property and equipment, net 41,988,000 47,616,000
Television distribution rights, net 7,028,000  
Other assets 3,892,000 4,187,000
TOTAL ASSETS 226,637,000 212,743,000
Current liabilities:    
Accounts payable 77,995,000 83,659,000
Accrued liabilities 29,509,000 40,250,000
Current portion of television distribution rights obligations 29,173,000  
Current portion of long term credit facility 2,714,000 2,714,000
Current portion of operating lease liabilities 462,000 704,000
Deferred revenue 213,000 141,000
Total current liabilities 140,066,000 127,468,000
Other long term liabilities 8,855,000 335,000
Long term credit facility 50,666,000 66,246,000
Total liabilities 199,587,000 194,049,000
Commitments and contingencies
Shareholders' equity:    
Preferred stock, $0.01 per share par value, 400,000 shares authorized; zero shares issued and outstanding
Common stock, $0.01 per share par value, 29,600,000 and 14,600,000 shares authorized as of January 30, 2021 and February 1, 2020; 13,019,061 and 8,208,227 shares issued and outstanding as of January 30, 2021 and February 1, 2020 130,000 82,000
Additional paid-in capital 474,375,000 452,833,000
Accumulated deficit (447,455,000) (434,221,000)
Total shareholders? equity 27,050,000 18,694,000
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 226,637,000 $ 212,743,000