0-18926
|
11-2928178
|
(Commission
File Number)
|
(IRS
Employer Identification No.)
|
5901
S. Eastern Avenue, Commerce, California
|
90040
|
(Address
of Principal Executive Offices)
|
(Zip
Code)
|
2008 Quarter ended | ||||||||||||||||||||||||||||||||||||
(in thousands, except per share data) | ||||||||||||||||||||||||||||||||||||
As
Reported
|
As
Expected to be Restated
|
As
Reported
|
As
Expected to be Restated
|
As
Reported
|
As
Expected to be Restated
|
|||||||||||||||||||||||||||||||
Feb
28
|
Adjustment
|
Feb
28
|
May
31
|
Adjustment
|
May
31
|
Aug
31
|
Adjustment
|
Aug
31
|
||||||||||||||||||||||||||||
Net
Sales
|
$ | 15,210 | $ | - | $ | 15,210 | $ | 17,955 | $ | - | $ | 17,955 | $ | 18,248 | $ | - | $ | 18,248 | ||||||||||||||||||
Cost
Of Goods Sold
|
8,422 | - | 8,422 | 9,517 | - | 9,517 | 9,303 | - | 9,303 | |||||||||||||||||||||||||||
Gross
Profit
|
6,788 | - | 6,788 | 8,438 | - | 8,438 | 8,945 | - | 8,945 | |||||||||||||||||||||||||||
Operating
Expenses
|
||||||||||||||||||||||||||||||||||||
Selling,
General and Administrative
|
5,604 | 522 | 6,126 | 5,968 | 404 | 6,372 | 6,134 | 410 | 6,544 | |||||||||||||||||||||||||||
Depreciation
and Amortization
|
87 | - | 87 | 87 | - | 87 | 70 | - | 70 | |||||||||||||||||||||||||||
Total
Operating Expenses
|
5,691 | 522 | 6,213 | 6,055 | 404 | 6,459 | 6,204 | 410 | 6,614 | |||||||||||||||||||||||||||
Income
from Operations
|
1,097 | (522 | ) | 575 | 2,383 | (404 | ) | 1,979 | 2,741 | (410 | ) | 2,331 | ||||||||||||||||||||||||
Interest
Expense
|
(192 | ) | - | (192 | ) | (167 | ) | - | (167 | ) | (133 | ) | - | (133 | ) | |||||||||||||||||||||
Income
Taxes
|
(62 | ) | - | (62 | ) | (201 | ) | - | (201 | ) | (368 | ) | - | (368 | ) | |||||||||||||||||||||
Net
Income
|
$ | 843 | (522 | ) | $ | 321 | $ | 2,015 | (404 | ) | $ | 1,611 | $ | 2,240 | (410 | ) | $ | 1,830 | ||||||||||||||||||
- | - | - | - | - | - | |||||||||||||||||||||||||||||||
EPS
- Basic
|
$ | 0.01 | $ | 0.01 | $ | 0.03 | $ | 0.03 | $ | 0.04 | $ | 0.03 | ||||||||||||||||||||||||
EPS
- Diluted
|
$ | 0.01 | $ | 0.01 | $ | 0.03 | $ | 0.03 | $ | 0.04 | $ | 0.03 |
JOE’S JEANS
INC.
(Registrant)
|
|||
Date:
March 24, 2009
|
By:
|
/s/ Marc Crossman | |
Marc Crossman | |||
President,
Chief Executive Officer, and Director
(Principal
Executive Officer)
|
|||