Prospector
Profile
211-05
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| Majesco Entertainment Company |
NAICS |
511210 |
| 160 Raritan Center Parkway
Edison, NJ 08837 |
Description |
Software Games Publisher |
| (732) 225-8910 |
Employees |
64 |
| http://www.majescoentertainment.com/ |
Revenue |
(mil) |
50.9670 |
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Income |
(mil) |
-4.7700 |
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Assets |
(mil) |
16.3130 |
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Liability |
(mil) |
14.1220 |
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(for the year ended 2007-10-31) |
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Category:
Audit Concerns
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Event:
Goldstein Golub Kessler LLP raised substantial doubt about Majesco Entertainment Company's ability to continue as a going concern after auditing its financial statements for the year ended October 31, 2007. The Company has suffered losses that reported a net loss of $4.77 million for the year ended October 31, 2007, compared to a net loss of $5.34 million during the previous fiscal year. At Oct. 31, 2007, the company's consolidated financial statements showed $16.31 million in total assets, $13.72 million in total liabilities, and $2.6 million total stockholders' equity.
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Intellectual Property:
Most of the Company's titles are based on rights, licenses and properties, including copyrights and trademarks, owned by other third parties. Some of its original titles usually include some rights or properties from third parties. The Company may decide to license rights to third parties, sometimes on an exclusive basis, in order to generate publicity or market demand for titles, to generate additional revenue related to complementary products. The Company has sold the movie rights, entered into a strategy guide deal and licensed a comic book series, resin statues and an apparel line for the BloodRayne franchise. [SEC Filing 10-K 01-29-08]
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Description:
Majesco Entertainment Company provides interactive entertainment products in North America.
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Officers:
Allan Grafman (Chair); Jesse Sutton (CEO & Dir.); John Gross (CFO); Louis Lipschitz (Dir.); Larry Aronson (Dir.); Stephen Wilson (Dir.); Mark Stewart (Dir.)
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Auditor:
Goldstein Golub Kessler LLP
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Securities:
Common Stock-Symbol COOL; NasdaqCM;
28,709,135 common shares outstanding as of January 29, 2008.
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