Interplay has filed its 10-Q for Q2 2008. Nothing of too much interest in the financials beyond the deal Interplay struck with Atari, otherwise it does not paint a rosy picture.<blockquote>NOTE 4. ADVANCES FROM DISTRIBUTORS AND LICENSEES WHICH ARE CONSIDERED DEFERRED
INCOME
Non refundable advances received for future distribution and license rights
as of June 30, 2008 amounted to $808,000.
During the quarter ended June 30, 2008 the Company entered into a licensing
agreement which resulted in a non-refundable advance of $200,000 being allocated
to deferred income.
(...)
Product development expenses increased 100% to $86,000, an increase of 100%
in the three months ended June 30, 2008 compared to the same period in 2007.
This increase was mainly due to the hiring of a software development team in the
first quarter of 2008.
(...)
As of June 30, 2008, we had a working capital deficit of approximately $3.0
million, and our cash balance was approximately $22,000. We cannot continue to
fund our current operations without obtaining additional financing or income.</blockquote>Some of you may remember when Glutton Creeper Games was forced to stop their production of a Fallout pen and paper game by Bethesda, and eventually switched to a new license. Well, GCG filed a complaint against Interplay on the topic, and Interplay is trying to pass the buck.<blockquote>On or about April 8, 2008 Glutton Creeper Games (GCG) filed a complaint
against the Company in the Los Angeles Superior Court seeking damages in excess
of $400,000 in connection with a non exclusive license agreement granting rights
to GCG to develop a Pen and Paper game based on the pre-existing Fallout games.
Such complaint arose as a result of Bethesda and Zenimax sending cease and
desist notices to GCG and the Company following their acquisition of the Fallout
property from the Company in 2007. On or about June 12, 2008, the Company filed
a cross-complaint against Bethesda and Zenimax alleging causes of action for
Tortious Interference with an Existing Contract and Implied Indemnity. The
Company claims that Bethesda and Zenimax improperly interfered with the
Company's license agreement with GCG and are therefore liable for any and all
damages that might be awarded to GCG.</blockquote>
INCOME
Non refundable advances received for future distribution and license rights
as of June 30, 2008 amounted to $808,000.
During the quarter ended June 30, 2008 the Company entered into a licensing
agreement which resulted in a non-refundable advance of $200,000 being allocated
to deferred income.
(...)
Product development expenses increased 100% to $86,000, an increase of 100%
in the three months ended June 30, 2008 compared to the same period in 2007.
This increase was mainly due to the hiring of a software development team in the
first quarter of 2008.
(...)
As of June 30, 2008, we had a working capital deficit of approximately $3.0
million, and our cash balance was approximately $22,000. We cannot continue to
fund our current operations without obtaining additional financing or income.</blockquote>Some of you may remember when Glutton Creeper Games was forced to stop their production of a Fallout pen and paper game by Bethesda, and eventually switched to a new license. Well, GCG filed a complaint against Interplay on the topic, and Interplay is trying to pass the buck.<blockquote>On or about April 8, 2008 Glutton Creeper Games (GCG) filed a complaint
against the Company in the Los Angeles Superior Court seeking damages in excess
of $400,000 in connection with a non exclusive license agreement granting rights
to GCG to develop a Pen and Paper game based on the pre-existing Fallout games.
Such complaint arose as a result of Bethesda and Zenimax sending cease and
desist notices to GCG and the Company following their acquisition of the Fallout
property from the Company in 2007. On or about June 12, 2008, the Company filed
a cross-complaint against Bethesda and Zenimax alleging causes of action for
Tortious Interference with an Existing Contract and Implied Indemnity. The
Company claims that Bethesda and Zenimax improperly interfered with the
Company's license agreement with GCG and are therefore liable for any and all
damages that might be awarded to GCG.</blockquote>