Interplay Quarterly

Brother None

Brother None

This ghoul has seen it all
Orderite
Interplay has filed its quarterly for Q1 2008. As of March 31st, Interplay's total assets amount to 460 thousand USD, with 320 thousand USD in cash (down from 1.201 million and 1.138 million, respectively). Its working capital deficit amounts to 2.7 million USD, with total liabilities of 3.085 million USD.

Its debt to Atari of 1.045 million USD has not been settled and is past its due date of March 31st 2008. Interplay is still in dispute, believing "it may have various claims that may offset some or all of the balance owed to Atari".

Amongst Interplay's expenses for the quarter are 343 thousand USD in general and administrative and 67 thousand in product development. Its revenue for Q1 2008 was 57 thousand USD (100% from Europe, 52 thousand on PC, 5 thousand on console). Their operating expenses for the full quarter amounted to 818 thousand USD.

Still no new site up, no reason to expect it any time soon.

Link: Interplay 10-Q on SEC.
 
Its debt to Atari of 1.045 million USD has not been settled and is past its due date of March 31st 2008. Interplay is still in dispute, believing "it may have various claims that may offset some or all of the balance owed to Atari".
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They are masters of making their debt dissapear. I wonder what this will do with their credit rating (and perhaps reputation) :lol:

"Give Interplay a loan? Are you crazy? The loan will vanish in a cloud of legality!"
 
Briosafreak said:
Those expenses went up, as expected, since they now have to pay for two new board members.
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I don't think they were appointed yet in Q1 2008.

Also, they don't cost much:
DIRECTORS' COMPENSATION. Currently, we pay each of our non-employee directors
compensation as follows:

o $5,000 in cash compensation per quarter for attendance at
Board of Directors meetings. All cash compensation was
suspended for the period September 30,2006 thru September
30,2007.

o $5,000 in cash compensation per annum for each Board committee
a director is a member of and participated in. All cash
compensation was suspended for the period September 30,2006
thru September 30,2007.

o Upon election and appointment to the Board, or upon loss of
employee status of an employee director, an option to purchase
up to 25,000 shares of the Company's common stock under the
Company's Third Amended and Restated 1997 Stock Incentive
Plan. These director options are each for a term of ten years
and vest over the first three years. This program was
suspended and did not apply during fiscal year 2007.

o An option to purchase 5,000 shares of the Company's common
stock under the Company's Third Amended and Restated 1997
Stock Incentive Plan for each subsequent year of director
service. These director options are each for a term of ten
years and vest over the first three years. This program was
suspended and did not apply during fiscal year 2007.
 
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