v2.3.0.11

Condensed Consolidated Balance Sheets (USD $) In Thousands	Jul. 03, 2011	Apr. 03, 2011
Current assets
Cash and cash equivalents	$ 2,697	$ 2,809
Accounts receivable, net of allowance for doubtful accounts of $994 and $1,031 at April 3, 2011 and July 3, 2011, respectively	999	1,213
Inventories	617	628
Prepaid expenses and other current assets	321	272
Total current assets	4,634	4,922
Property and equipment, net	2,276	2,207
Related party receivable, net of current portion	1,000	1,000
Goodwill and other assets	360	344
Total assets	8,270	8,473
Current liabilities
Accounts payable	2,666	2,542
Accrued liabilities	1,655	1,883
Current portion of long-term debt	81	54
Deferred revenue	4,758	4,540
Current portion of deferred gain on sale of wholesale segment	169	169
Obligation to minority shareholder in TCAPPLP	4,000	4,000
Total current liabilities	13,329	13,188
Deferred lease costs	362	362
Deferred revenue, net of current portion	819	831
Deferred gain on sale of wholesale segment, net of current portion	1,978	2,020
Total liabilities	16,488	16,401
Commitments and contingencies (Note 4)
Stockholders’ deficit
Common stock, no par value; 120,000,000 shares authorized; 3,563,867 and 3,565,664 shares issued and outstanding at April 3, 2011 and July 3, 2011, respectively; stated value of $18.00 per share and a liquidation preference	19,706	19,706
Additional paid-in capital	24,190	24,166
Accumulated other comprehensive loss	(112)	(93)
Accumulated deficit	(89,854)	(89,585)
Total stockholders’ deficit attributable to TC Global, Inc.	(9,639)	(9,375)
Non-controlling interest	1,421	1,447
Total stockholders’ deficit	(8,218)	(7,928)
Total liabilities and stockholders’ deficit	8,270	8,473
Series A Convertible Preferred Stock
Stockholders’ deficit
Preferred stock, no par value	28,473	28,473
Series B Convertible Preferred Stock
Stockholders’ deficit
Preferred stock, no par value	$ 7,958	$ 7,958

The excess amount received or due over net assets in a transaction accounted for as a divestiture where a subsidiary, business or operating assets are "sold" by the entity to a newly formed, thinly capitalized, highly leveraged buyer. The current portion of this gain is not yet recognized and is disclosed on the balance sheet as an offset against the carrying amount of the securities received.

TC GLOBAL, INC. 10-Q/A