(Unaudited)
June 30,
2005

December 31,
2004

ASSETS

CURRENT ASSETS

Cash and cash equivalents

$

4,417,027

$

3,050,721

Accounts receivable

1,841,111

2,104,914

Inventory

3,644,401

3,759,552

Deferred tax asset

—

1,651,604

Other current assets

596,089

640,150

Total current assets

10,498,628

11,206,941

PROPERTY AND EQUIPMENT

Equipment and office fixtures

7,482,265

6,612,764

Building and land

3,501,513

3,333,481

Accumulated depreciation

(1,845,431

)

(1,328,202

)

Total property and equipment

9,138,347

8,618,043

OTHER ASSETS

Inventory (non current)

6,777,607

5,945,177

Deferred tax asset

5,608,953

1,176,796

Attraction development

3,199,561

569,634

Other non current assets

459,321

404,209

Total other assets

16,045,442

8,095,816

Total assets

$

35,682,417

$

27,920,800

LIABILITIES AND STOCKHOLDERS’ EQUITY

CURRENT LIABILITIES

Accounts payable

$

726,105

$

591,138

Accrued expenses

815,078

2,024,882

Mortgage and loans payable

111,433

173,700

Deposits

8,580

19,098

Deferred tax liability

1,740,427

—

Total current liabilities

3,401,623

2,808,818

LONG TERM LIABILITIES

Mortgage payable

1,808,333

1,858,333

Deferred income from Revenue Participation Certificates

887,500

887,500

Total long term liabilities

2,695,833

2,745,833

Total liabilities

6,097,456

5,554,651

STOCKHOLDERS’ EQUITY

Preferred stock - $.0001 par value; 9,300,000 shares authorized; none outstanding

—

—

Preferred stock series A convertible - $.0001 par value; 510,000 shares authorized; none issued or outstanding

—

—

Common stock - $.0001 par value; 100,000,000 Shares authorized; 42,128,099 and 38,530,599 issued and outstanding

4,213

3,853

Additional paid-in capital

34,742,512

26,430,934

Unrealized gain on investments, net of tax

—

554

Accumulated deficit

(5,161,764

)

(4,069,192

)

Total stockholders’ equity

29,584,961

22,366,149

Total liabilities and stockholders’ equity

$

35,682,417

$

27,920,800

Three Months Ended

June 30,
2005

August 31,
2004

REVENUE

$

3,825,818

$

6,141,068

OPERATING EXPENSES

Cost of sales

353,809

577,236

Marketing, general & administrative

2,386,394

1,117,086

Operations & research

2,737,795

492,610

Total operating expenses

5,477,998

2,186,932

INCOME (LOSS) FROM OPERATIONS

(1,652,180

)

3,954,136

OTHER INCOME (EXPENSE)

Interest income

6,969

722

Interest expense

(28,236

)

(16,240

)

Other

28,312

28,704

Total other income (expense)

7,045

13,186

INCOME (LOSS) BEFORE INCOME TAXES

(1,645,135

)

3,967,323

Income tax benefit (provision)

564,468

(1,559,312

)

NET INCOME (LOSS)

(1,080,667

)

2,408,009

EARNINGS (LOSS) PER SHARE

Basic

$

(.03

)

$

.06

Diluted

$

(.03

)

$

.06

Weighted average number of common shares outstanding

Basic

41,686,862

38,467,012

Diluted

41,686,862

39,719,740

Six Months Ended

June 30,
2005

August 31,
2004

REVENUE

$

7,175,334

$

9,578,629

OPERATING EXPENSES

Cost of sales

570,097

1,528,717

Marketing, general & administrative

4,307,321

2,235,983

Operations & research

4,050,250

983,083

Total operating expenses

8,927,668

4,747,783

INCOME (LOSS) FROM OPERATIONS

(1,752,334

)

4,830,846

OTHER INCOME (EXPENSE)

Interest income

15,497

1,601

Interest expense

(56,746

)

(16,240

)

Other

41,823

26,740

Total other income (expense)

574

12,101

INCOME (LOSS) BEFORE INCOME TAXES

(1,751,760

)

4,842,947

Income tax benefit (provision)

659,188

(1,968,104

)

NET INCOME (LOSS)

(1,092,572

)

2,874,843

EARNINGS (LOSS) PER SHARE

Basic

$

(.03

)

$

.08

Diluted

$

(.03

)

$

.07

Weighted average number of common shares outstanding

Basic

40,488,485

38,313,955

Diluted

40,488,485

40,715,763

Six Months Ended

June 30,
2005

August 31,
2004

CASH FLOWS FROM OPERATING ACTIVITIES:

Net Income (Loss)

$

(1,092,572

)

$

2,874,843

Adjustments to reconcile net loss to net cash used by operating activity:

Deferred income taxes

(1,040,126

)

1,968,104

Depreciation

554,058

177,238

(Gain) Loss on disposal of equipment

40,451

—

Tax benefit related to exercise of employee Stock options

380,938

—

(Increase) decrease in:

Accounts receivable

214,156

(2,095,203

)

Inventory

(644,367

)

(3,796,129

)

Other current assets

(11,050

)

(63,659

)

Increase (decrease) in:

Accounts payable

134,967

(81,567

)

Customer deposits

(10,518

)

19,098

Accrued expenses

(1,111,883

)

966,460

NET CASH (USED) IN OPERATING ACTIVITIES

(2,585,946

)

(30,815

)

CASH FLOWS FROM INVESTING ACTIVITIES:

Purchase of property and equipment

(1,018,169

)

(1,325,776

)

Proceeds from sale of equipment

49,647

—

Attraction development

(2,629,927

)

(238,104

)

Purchase of building improvements

(168,032

)

(1,140,802

)

NET CASH (USED) IN INVESTING ACTIVITIES

(3,766,481

)

(2,704,682

)

CASH FLOWS FROM FINANCING ACTIVITIES:

Proceeds from issuance of common stock

8,276,000

1,030,313

Sale of marketable securities

—

1,991,555

Broker commission and fees on private offering

(445,000

)

—

Loan payable

—

1,523,700

Repayment of mortgage payable

(112,267

)

(8,333

)

NET CASH PROVIDED BY FINANCING ACTIVITIES

7,718,733

4,537,235

NET INCREASE IN CASH

1,366,306

1,801,738

CASH AT BEGINNING OF PERIOD

3,050,721

1,351,340

CASH AT END OF PERIOD

$

4,417,027

$

3,153,078

SUPPLEMENTARY INFORMATION:

Interest paid

$

51,484

$

8,607

Income taxes paid

$

—

$

—

NON CASH TRANSACTIONS:

Depreciation reclassified as inventory

$

72,912

$

202,235

Accrued compensation paid by common stock

$

100,000

$

—