eCOST.com, Inc.
(A SUBSIDIARY OF PC MALL, INC.)
STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT)
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
Additional |
|
|
Deferred |
|
|
Contribution |
|
|
|
|
|
|
|
| |
|
Common Stock |
|
|
Paid-in |
|
|
Stock-Based |
|
|
Due from |
|
|
Accumulated |
|
|
|
|
| |
|
Shares |
|
|
Amount |
|
|
Capital |
|
|
Compensation |
|
|
Affiliate |
|
|
Deficit |
|
|
Total |
|
| |
(In thousands) |
|
Balance at December 31,
2001 |
|
|
14,000 |
|
|
$ |
14 |
|
|
$ |
111 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
(16,388 |
) |
|
$ |
(16,263 |
) |
Capital
contribution — income
taxes |
|
|
— |
|
|
|
— |
|
|
|
15 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
15 |
|
Net income |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
147 |
|
|
|
147 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at December 31,
2002 |
|
|
14,000 |
|
|
|
14 |
|
|
|
126 |
|
|
|
— |
|
|
|
— |
|
|
|
(16,241 |
) |
|
|
(16,101 |
) |
Capital contribution from
Affiliate |
|
|
— |
|
|
|
— |
|
|
|
18,000 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
18,000 |
|
Capital contribution due from
Affiliate |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(2,543 |
) |
|
|
— |
|
|
|
(2,543 |
) |
Affiliate utilization of
deferred tax benefits,
net |
|
|
— |
|
|
|
— |
|
|
|
(1,528 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(1,528 |
) |
Net income |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
6,211 |
|
|
|
6,211 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at December 31,
2003 |
|
|
14,000 |
|
|
|
14 |
|
|
|
16,598 |
|
|
|
— |
|
|
|
(2,543 |
) |
|
|
(10,030 |
) |
|
|
4,039 |
|
Issuance of common stock in
connection with the initial
public offering, net of
offering costs |
|
|
3,465 |
|
|
|
3 |
|
|
|
16,736 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
16,739 |
|
Compensatory stock option
grant |
|
|
— |
|
|
|
— |
|
|
|
2,000 |
|
|
|
(2,000 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Amortization of deferred
stock-based compensation |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
667 |
|
|
|
— |
|
|
|
— |
|
|
|
667 |
|
Non-cash stock-based
compensation |
|
|
— |
|
|
|
— |
|
|
|
839 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
839 |
|
Dividend to Affiliate |
|
|
— |
|
|
|
— |
|
|
|
(2,543 |
) |
|
|
— |
|
|
|
2,543 |
|
|
|
— |
|
|
|
— |
|
Capital
contribution — income
taxes |
|
|
— |
|
|
|
— |
|
|
|
204 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
204 |
|
Net loss |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(1,208 |
) |
|
|
(1,208 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at December 31,
2004 |
|
|
17,465 |
|
|
$ |
17 |
|
|
$ |
33,834 |
|
|
$ |
(1,333 |
) |
|
$ |
— |
|
|
$ |
(11,238 |
) |
|
$ |
21,280 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The accompanying notes are an integral part of these financial statements.
F-16
|