SEC Filing Summary: Access Integrated Technologies, Inc.
Business Context and Reporting Period
This Form 8-K was filed on March 8, 2005, by Access Integrated Technologies, Inc. (a Delaware corporation). The filing serves as a voluntary submission of financial statements and pro forma information related to the acquisition of Hollywood Software, Inc. ("Hollywood SW"), which was consummated on November 3, 2003. The data originally appeared in a Registration Statement on Form SB-2 filed in July 2004.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. Instead, it references attached exhibits containing the following data:
- Historical Financials: Audited statements for Hollywood SW for years ended March 31, 2002 and 2003; unaudited statements for the three and six months ended September 30, 2003.
- Pro Forma Data: Unaudited pro forma condensed combined balance sheet and statements of operations for Access Integrated Technologies, Inc. for the year ended March 31, 2004.
Material Changes
No material changes in financial performance or position are described in the text of this filing. The document acts as a repository for previously filed acquisition-related financial data rather than a report on new operational developments or comparative period analysis.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, risk factors, or discussion of contingencies. It is strictly a disclosure of historical and pro forma financial exhibits.
Investor Verification Checklist
- Verify the specific financial figures in Exhibit 99.1 (Hollywood SW audited statements for 2002 and 2003).
- Review Exhibit 99.2 for unaudited Hollywood SW data through September 30, 2003.
- Analyze Exhibit 99.3 for the pro forma combined financial position of Access Integrated Technologies, Inc. as of March 31, 2004.
- Confirm the status of the acquisition consummated on November 3, 2003, and any subsequent integration updates not covered in this 2005 filing.