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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
REVENUES:        
Entertainment $ 2,175,756 $ 2,281,747 $ 5,004,487 $ 5,308,964
Other 21,254 19,367 44,332 38,470
TOTAL REVENUES 2,197,010 2,301,114 5,048,819 5,347,434
DIRECT COSTS AND EXPENSES:        
Direct salaries and other compensation 186,541 216,734 382,930 428,805
Rent and utilities 744,061 676,504 1,481,500 1,368,759
Other direct operating costs 463,874 478,529 932,589 883,521
Depreciation and amortization 236,714 197,825 460,765 384,790
License expense 31,071 40,210 49,357 60,773
TOTAL COSTS AND EXPENSES 1,662,261 1,609,802 3,307,141 3,126,648
GROSS MARGIN 534,749 691,312 1,741,678 2,220,786
GENERAL AND ADMINISTRATIVE EXPENSES:        
Salaries and other compensation 334,257 355,206 689,034 688,315
Legal and accounting fees 181,723 238,563 315,600 407,725
Depreciation and amortization 20,130 19,538 39,907 37,975
Share-based compensation expense 40,217 26,855 65,534 52,031
Other general and administrative 245,086 185,535 456,357 348,571
TOTAL GENERAL AND ADMINISTRATIVE EXPENSES 821,413 825,697 1,566,432 1,534,617
ARBITRATION JUDGEMENT       122,449
OPERATING INCOME (LOSS) (286,664) (134,385) 175,246 563,720
OTHER INCOME AND EXPENSES:        
Interest income 4,062 8,428 8,973 16,914
Interest expense (37,471) (45,706) (72,723) (92,267)
Other income and expenses   (2,289) (1,549) (15,190)
TOTAL OTHER INCOME AND EXPENSES (33,409) (39,567) (65,299) (90,543)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE PROVISION FOR INCOME TAXES (320,073) (173,952) 109,947 473,177
PROVISION FOR INCOME TAXES 18,345 27,114 37,679 54,041
INCOME (LOSS) FROM CONTINUING OPERATIONS (338,418) (201,066) 72,268 419,136
INCOME (LOSS) FROM DISCONTINUED OPERATIONS 0 0 0 0
NET INCOME (LOSS) $ (338,418) $ (201,066) $ 72,268 $ 419,136
Basic earnings (loss) per share        
Continuing operations (in Dollars per share) $ (0.02) $ (0.01) $ 0.00 $ 0.02
Discontinued operations (in Dollars per share) $ 0.00 $ 0.00 $ 0.00 $ 0.00
Total (in Dollars per share) $ (0.02) $ (0.01) $ 0.00 $ 0.02
Diluted earnings (loss) per share        
Continuing operations (in Dollars per share) $ (0.02) $ (0.01) $ 0.00 $ 0.02
Discontinued operations (in Dollars per share) $ 0.00 $ 0.00 $ 0.00 $ 0.00
Total (in Dollars per share) $ (0.02) $ (0.01) $ 0.00 $ 0.02
Weighted average shares outstanding – basic (in Shares) 17,324,439 17,880,653 17,324,439 17,898,854
Weighted average shares outstanding – diluted (in Shares) 17,324,439 17,880,653 17,792,261 18,327,548