##### Table of Contents



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 WASHINGTON, D.C. 20549
 FORM 10-Q
 QUARTERLY REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
 For the quarterly period ended April 30, 2011
 Commission File No. 000-51128
 Majesco Entertainment Company
  DELAWARE
    
    06-1529524(State or Other Jurisdiction of
    
    (I.R.S. EmployerIncorporation or Organization)
    
    Identification No.)
 160 Raritan Center Parkway, Edison, NJ 08837
 (732) 225-8910
 
  þ o
 o o
  Large accelerated filer o
    
    Accelerated filer o
    
    Non-accelerated filer o
    
    Smaller reporting company þ(Do not check if a smaller reporting company)
 o þ




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##### 



MAJESCO ENTERTAINMENT COMPANY AND SUBSIDIARY
INDEX
  
 PagePART I  FINANCIAL INFORMATIONItem 1. Financial Statements:
    
    
    3Condensed Consolidated Balance Sheets as of April 30, 2011 (unaudited) and October 31, 2010
    
    
    3Condensed Consolidated Statements of Operations for the three and six months ended April 30, 2011 and 2010
(unaudited)
    
    
    4Condensed Consolidated Statements of Cash Flows for the six months ended April 30, 2011 and 2010 (unaudited)
    
    
    5Notes to Condensed Consolidated Financial Statements (unaudited)
    
    
    6Item 2. Managements Discussion and Analysis of Financial Condition and Results of Operations
    
    
    14Item 3. Quantitative and Qualitative Disclosures about Market Risk
    
    
    22Item 4. Controls and Procedures
    
    
    22PART II  OTHER INFORMATIONItem 1. Legal Proceedings
    
    
    23Item 1A. Risk Factors
    
    
    23Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
    
    
    23Item 3. Defaults Upon Senior Securities
    
    
    23Item 4. (Removed and Reserved)
    
    
    23Item 5. Other Information
    
    
    23Item 6. Exhibits
    
    
    23SIGNATURES
    
    
    24EX-31.1EX-31.2EX-32
  2




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##### Table of Contents



PART I. FINANCIAL INFORMATION
 
 Item 1. Financial Statements
 MAJESCO ENTERTAINMENT COMPANY AND SUBSIDIARY
 
 CONDENSED CONSOLIDATED BALANCE SHEETS
 (In thousands, except share amounts)
 April 30,
    
    
    October 31,2011
    
    
    2010(unaudited)ASSETSCurrent assets:Cash and cash equivalents
    
    $
    18,478
    
    
    $
    8,004Due from factor
    
    
    6,357
    
    
    
    1,015Accounts and other receivables, net
    
    
    1,219
    
    
    
    725Inventory, net
    
    
    7,626
    
    
    
    8,418Advance payments for inventory
    
    
    203
    
    
    
    5,454Capitalized software development costs and license fees
    
    
    5,557
    
    
    
    4,903Prepaid expenses
    
    
    698
    
    
    
    921Total current assets
    
    
    40,138
    
    
    
    29,440Property and equipment, net
    
    
    906
    
    
    
    520Other assets
    
    
    88
    
    
    
    69Total assets
    
    $
    41,132
    
    
    $
    30,029LIABILITIES AND STOCKHOLDERS EQUITYCurrent liabilities:Accounts payable and accrued expenses
    
    $
    13,863
    
    
    $
    11,375Inventory financing payables
    
    
    
    
    
    
    5,557Advances from customers and deferred revenue
    
    
    560
    
    
    
    945Total current liabilities
    
    
    14,423
    
    
    
    17,877Warrant liability
    
    
    2,551
    
    
    
    144Commitments and contingenciesStockholders equity:Common stock  $.001 par value; 250,000,000 shares
authorized; 40,588,964 and 39,326,376 shares issued
and outstanding at April 30, 2011 and October 31,
2010, respectively
    
    
    40
    
    
    
    39Additional paid-in capital
    
    
    118,138
    
    
    
    114,824Accumulated deficit
    
    
    (93,496
    )
    
    
    (102,333
    )Accumulated other comprehensive loss
    
    
    (524
    )
    
    
    (522
    )Net stockholders equity
    
    
    24,158
    
    
    
    12,008Total liabilities and stockholders equity
    
    $
    41,132
    
    
    $
    30,029
  3




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MAJESCO ENTERTAINMENT COMPANY AND SUBSIDIARY
 
 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
 (Unaudited, in thousands, except share amounts)
 Three Months Ended
    
    
    Six Months EndedApril 30
    
    
    April 302011
    
    
    2010
    
    
    2011
    
    
    2010Net revenues
    
    $
    32,142
    
    
    $
    10,906
    
    
    $
    80,608
    
    
    $
    40,112Cost of salesProduct costs
    
    
    13,280
    
    
    
    5,447
    
    
    
    34,104
    
    
    
    17,175Software development costs and license fees
    
    
    5,210
    
    
    
    2,232
    
    
    
    13,222
    
    
    
    10,099Loss on impairment of software development
costs and license fees-future releases
    
    
    
    
    
    
    116
    
    
    
    
    
    
    
    1,02118,490
    
    
    
    7,795
    
    
    
    47,326
    
    
    
    28,295Gross profit
    
    
    13,652
    
    
    
    3,111
    
    
    
    33,282
    
    
    
    11,817Operating costs and expensesProduct research and development
    
    
    1,973
    
    
    
    707
    
    
    
    3,203
    
    
    
    1,641Selling and marketing
    
    
    2,630
    
    
    
    1,527
    
    
    
    9,639
    
    
    
    4,584General and administrative
    
    
    2,321
    
    
    
    2,266
    
    
    
    5,603
    
    
    
    4,390Loss on impairment of software development
costs and license fees  cancelled games
    
    
    1,337
    
    
    
    160
    
    
    
    1,362
    
    
    
    160Depreciation and amortization
    
    
    57
    
    
    
    44
    
    
    
    102
    
    
    
    978,318
    
    
    
    4,704
    
    
    
    19,909
    
    
    
    10,872Operating income (loss)
    
    
    5,334
    
    
    
    (1,593
    )
    
    
    13,373
    
    
    
    945Other expenses (income)Interest and financing costs, net
    
    
    245
    
    
    
    125
    
    
    
    955
    
    
    
    621Change in fair value of warrant liability
    
    
    2,928
    
    
    
    (27
    )
    
    
    3,344
    
    
    
    (229
    )Income (loss) before income taxes
    
    
    2,161
    
    
    
    (1,691
    )
    
    
    9,074
    
    
    
    553Income taxes
    
    
    86
    
    
    
    (84
    )
    
    
    237
    
    
    
    (1,647
    )Net income (loss)
    
    $
    2,075
    
    
    $
    (1,607
    )
    
    $
    8,837
    
    
    $
    2,200Net income (loss) per share:Basic
    
    $
    0.05
    
    
    $
    (0.04
    )
    
    $
    0.23
    
    
    $
    0.06Diluted
    
    $
    0.05
    
    
    $
    (0.04
    )
    
    $
    0.22
    
    
    $
    0.06Weighted average shares outstanding:Basic
    
    
    38,051,035
    
    
    
    36,874,270
    
    
    
    37,841,453
    
    
    
    36,789,337Diluted
    
    
    40,426,306
    
    
    
    36,874,270
    
    
    
    39,322,894
    
    
    
    36,793,821
  4




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MAJESCO ENTERTAINMENT COMPANY AND SUBSIDIARY
 
 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
 (Unaudited, in thousands)
 Six Months EndedApril 30,2011
    
    
    2010CASH FLOWS FROM OPERATING ACTIVITIESNet income
    
    $
    8,837
    
    
    $
    2,200Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization
    
    
    102
    
    
    
    97Change in fair value of warrant liability
    
    
    3,344
    
    
    
    (229
    )Non-cash compensation expense
    
    
    627
    
    
    
    911Loss on disposal of assets
    
    
    
    
    
    
    19Provision for price protection and customer allowances
    
    
    2,202
    
    
    
    2,331Amortization of software development costs and license fees
    
    
    3,220
    
    
    
    2,839Loss on impairment of software development costs and license fees
    
    
    1,362
    
    
    
    1,181Provisions for excess inventory
    
    
    848
    
    
    
    16Changes in operating assets and liabilities:Due from factor
    
    
    (6,833
    )
    
    
    (2,314
    )Accounts and other receivables
    
    
    (1,205
    )
    
    
    157Inventory
    
    
    (55
    )
    
    
    1,974Capitalized software development costs and license fees
    
    
    (5,178
    )
    
    
    (3,895
    )Advance payments for inventory
    
    
    5,251
    
    
    
    1,936Prepaid expenses and other assets
    
    
    203
    
    
    
    39Accounts payable and accrued expenses
    
    
    2,326
    
    
    
    (1,943
    )Advances from customers and other liabilities
    
    
    (385
    )
    
    
    (680
    )Net cash provided by operating activities
    
    
    14,666
    
    
    
    4,639CASH FLOWS FROM INVESTING ACTIVITIESPurchases of property and equipment
    
    
    (325
    )
    
    
    (104
    )Net cash used in investing activities
    
    
    (325
    )
    
    
    (104
    )CASH FLOWS FROM FINANCING ACTIVITIESInventory financing
    
    
    (5,557
    )
    
    
    (4,844
    )Proceeds from exercise of warrants
    
    
    1,691
    
    
    
    Net cash used in financing activities
    
    
    (3,866
    )
    
    
    (4,844
    )Effect of exchange rates on cash and cash equivalents
    
    
    (1
    )
    
    
    (27
    )Net increase (decrease) in cash and cash equivalents
    
    
    10,474
    
    
    
    (336
    )Cash and cash equivalents  beginning of period
    
    
    8,004
    
    
    
    11,839Cash and cash equivalents  end of period
    
    $
    18,478
    
    
    $
    11,503SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIESLandlord-provided leasehold improvements
    
    $
    163
    
    
    $
    Warrant liability reclassified to additional paid-in capital upon exercise
    
    
    937
    
    
    
    SUPPLEMENTAL CASH FLOW INFORMATIONCash paid for interest
    
    $
    955
    
    
    $
    621
  5




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MAJESCO ENTERTAINMENT COMPANY AND SUBSIDIARY
 
 NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
 (Unaudited, in thousands, except share amounts)
 1. PRINCIPAL BUSINESS ACTIVITY AND BASIS OF PRESENTATION
      Three Months Ended April 30,
    
    
    Six Months Ended April 30,2011
    
    
    %
    
    
    2010
    
    
    %
    
    
    2011
    
    
    %
    
    
    2010
    
    
    %United States
    
    $
    28,964
    
    
    
    90.1
    %
    
    $
    10,406
    
    
    
    95.4
    %
    
    $
    77,211
    
    
    
    95.9
    %
    
    $
    38,365
    
    
    
    95.6
    %Europe
    
    
    3,178
    
    
    
    9.9
    %
    
    
    500
    
    
    
    4.6
    %
    
    
    3,397
    
    
    
    4.1
    %
    
    
    1,747
    
    
    
    4.4
    %Total
    
    $
    32,142
    
    
    
    100
    %
    
    $
    10,906
    
    
    
    100
    %
    
    $
    80,608
    
    
    
    100
    %
    
    $
    40,112
    
    
    
    100
    %
  2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 Revenue Recognition.
 6




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##### Table of Contents



Customer Payments and Incentives
   Inventory.
 Capitalized Software Development Costs and License Fees.
   7




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##### Table of Contents



Estimates.
 Income (Loss) Per Share.
  Three Months Ended
    
    
    Six Months EndedApril 30,
    
    
    April 30,2011
    
    
    2010
    
    
    2011
    
    
    2010Basic weighted average shares outstanding
    
    
    38,051,035
    
    
    
    36,874,270
    
    
    
    37,841,453
    
    
    
    36,789,337Common stock options
    
    
    499,074
    
    
    
    
    
    
    
    309,338
    
    
    
    4,484Non-vested portion of restricted stock grants
    
    
    1,396,938
    
    
    
    
    
    
    
    1,085,167
    
    
    
    Warrants
    
    
    479,259
    
    
    
    
    
    
    
    86,936
    
    
    
    Diluted weighted average shares outstanding
    
    
    40,426,306
    
    
    
    36,874,270
    
    
    
    39,322,894
    
    
    
    36,793,821
   April 30,
    
    
    April 30,2011
    
    
    2010Shares issuable under common stock warrants
    
    
    1,375,902
    
    
    
    2,201,469Shares issuable under stock options
    
    
    1,514,730
    
    
    
    1,483,929Non-vested portion of restricted stock grants
    
    
    1,929,134
    
    
    
    1,771,3524,819,766
    
    
    
    5,456,750
  8




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##### Table of Contents



Reclassifications.
 Commitments and Contingencies.
 Concentrations.
 Recent Accounting Pronouncements
 Amendments to Variable Interest Entity Guidance Accounting for Transfers of Financial Assets Transfers and Servicing
 Multiple-Deliverable Revenue Arrangements
 Certain Revenue Arrangements That Include Software Elements
 Fair Value Measuring Liabilities
at Fair Values
 Measuring Liabilities at Fair Values
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3. FAIR VALUE
  Quoted prices
    
    
    
    
    
    
    Significantin active markets
    
    
    Significant other
    
    
    unobservablefor identical assets
    
    
    observable inputs
    
    
    inputsApril 30, 2011
    
    
    (level 1)
    
    
    (level 2)
    
    
    (level 3)Assets:Money market funds
    
    $
    13,046
    
    
    $
    13,046
    
    
    $
    
    
    
    $
    Bank- deposit
    
    $
    5,432
    
    
    $
    5,432
    
    
    $
    
    
    
    $
    Total financial assets
    
    $
    18,478
    
    
    $
    18,478
    
    
    $
    
    
    
    $
    Liabilities:Warrant liability
    
    $
    2,551
    
    
    $
    
    
    
    $
    
    
    
    $
    2,551Total financial liabilities
    
    $
    2,551
    
    
    $
    
    
    
    $
    
    
    
    $
    2,551
   Three months
    
    
    Three months
    
    
    Six months
    
    
    Six monthsended April
    
    
    ended April 30,
    
    
    ended April 30,
    
    
    ended April 30,30, 2011
    
    
    2010
    
    
    2011
    
    
    2010Estimated fair value of stock
    
    $
    1.21-$3.75
    
    
    $
    0.85-$0.86
    
    
    $
    0.62-$3.75
    
    
    $
    0.85-$1.02Expected warrant term
    
    1.9-2.1 years
    
    
    2.9-3.1 years
    
    
    1.9-2.4 years
    
    
    2.9-3.4 yearsRisk-free rate
    
    
    0.6-0.8
    %
    
    
    1.4-1.4
    %
    
    
    0.4-0.8
    %
    
    
    1.4%-1.6
    %Expected volatility
    
    
    75.5-77.9
    %
    
    
    75.9-76.1
    %
    
    
    73.5-77.9
    %
    
    
    75.9-76.1
    %Dividend yield
    
    
    0
    %
    
    
    0
    %
    
    
    0
    %
    
    
    0
    %A summary of the changes to the Companys warrant liability, as measured at fair value on a
recurring basis using significant unobservable inputs (Level 3) for the three and six months ended
April 30, 2011 and 2010 is presented below:Three months
    
    
    Three months
    
    
    Six months
    
    
    Six monthsended April 30,
    
    
    ended April 30,
    
    
    ended April 30,
    
    
    ended April 30,2011
    
    
    2010
    
    
    2011
    
    
    2010Beginning balance
    
    $
    560
    
    
    $
    424
    
    
    $
    144
    
    
    $
    626Warrants exercised
    
    
    (937
    )
    
    
    
    


    
    
    (937
    )Total loss (gain) included in net income
    
    
    2,928
    
    
    
    (27
    )
    
    
    3,344
    
    
    
    (229
    )Ending balance
    
    $
    2,551
    
    
    $
    397
    
    
    $
    2,551
    
    
    $
    397
   4. INCOME TAXES
  10




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5. DUE FROM FACTOR
  April 30,
    
    
    October 31,2011
    
    
    2010Outstanding accounts receivable sold to factor
    
    $
    16,245
    
    
    $
    13,754Less: allowances
    
    
    (5,819
    )
    
    
    (3,298
    )Less: advances from factor
    
    
    (4,069
    )
    
    
    (9,441
    )$
    6,357
    
    
    $
    1,015
   Six Months EndedApril 30,2011
    
    
    2010Allowances  beginning of period
    
    $
    (3,298
    )
    
    $
    (4,380
    )Provision for price protection
    
    
    (2,202
    )
    
    
    (2,331
    )Amounts charged against allowance and other changes
    
    
    (319
    )
    
    
    3,309Allowances  end of period
    
    $
    (5,819
    )
    
    $
    (3,402
    )
 6. ACCOUNTS AND OTHER RECEIVABLES
  April 30,
    
    
    October 31,2011
    
    
    2010Trade accounts receivable
    
    $
    475
    
    
    $
    726Royalties receivable
    
    
    720
    
    
    
    Allowances
    
    
    
    
    
    
    (25
    )Other
    
    
    24
    
    
    
    24$
    1,219
    
    
    $
    725
 7. PREPAID EXPENSES
  April 30,
    
    
    October 31,2011
    
    
    2010Prepaid media advertising
    
    $
    599
    
    
    $
    746Other
    
    
    99
    
    
    
    175$
    698
    
    
    $
    921
 8. ACCOUNTS PAYABLE AND ACCRUED EXPENSES
  April 30,
    
    
    October 31,2011
    
    
    2010Accounts payable  trade
    
    $
    4,232
    
    
    $
    4,856Royalties and software development
    
    
    6,100
    
    
    
    5,517Sales commissions
    
    
    282
    
    
    
    120Salaries, accrued bonuses and other compensation
    
    
    2,492
    
    
    
    592Other accruals
    
    
    757
    
    
    
    290$
    13,863
    
    
    $
    11,375
 11




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9. COMPREHENSIVE INCOME (LOSS)
  Three Months Ended
    
    
    Six Months EndedApril 30,
    
    
    April 30,2011
    
    
    2010
    
    
    2011
    
    
    2010Net income (loss)
    
    $
    2,075
    
    
    $
    (1,607
    )
    
    $
    8,837
    
    
    $
    2,200Other comprehensive income
(loss)  foreign currency
translation adjustments
    
    
    1
    
    
    
    (43
    )
    
    
    (2
    )
    
    
    (79
    )Total comprehensive income (loss)
    
    $
    2,076
    
    
    $
    (1,650
    )
    
    $
    8,835
    
    
    $
    2,121
 10. WORKFORCE REDUCTION
  Six MonthsEndedApril 30, 2010Product research and development
    
    $
    90Selling and Marketing
    
    
    243General and Administrative
    
    
    70Total
    
    $
    403
  11. RELATED PARTIES
   Three Months Ended
    
    
    Six Months EndedApril 30,
    
    
    April 30,2011
    
    
    2010
    
    
    2011
    
    
    2010Consulting
    
    $
    38
    
    
    $
    38
    
    
    $
    75
    
    
    $
    75Commissions and fees
    
    
    
    
    
    
    86
    
    
    
    
    
    
    
    131Total
    
    $
    38
    
    
    $
    124
    
    
    $
    75
    
    
    $
    206
   12




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12. SUBSEQUENT EVENT
    13




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##### Table of Contents



Item 2. Managements Discussion and Analysis of Financial Condition and Results of
Operations.
  Overview
    Net Revenues
 Cost of Sales.
 Gross Profit.
 14




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Product Research and Development Expenses.
 Selling and Marketing Expenses.
 General and Administrative Expenses.
 Loss on Impairment of Software Development Costs and License Fees Cancelled Games.
 Interest and Financing Costs.
 Income Taxes
 Seasonality and Variations in Interim Quarterly Results
  Critical Accounting Estimates
   15




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Revenue Recognition.
  Price Protection and Other Allowances.
   Capitalized Software Development Costs and License Fees.
 16




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##### Table of Contents



Inventory. Zumba Babysitting Mama
 Accounting for Stock-Based Compensation.
 Commitments and Contingencies.
 17




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##### Table of Contents



Results of operations
 Three months ended April 30, 2011 versus three months ended April 30, 2010
 Net Revenues. Zumba Fitness Zumba Fitness Zumba Fitness
  Three Months Ended April 30,
    
    
    Six Months Ended April 30,2011
    
    
    %
    
    
    2010
    
    
    %
    
    
    2011
    
    
    %
    
    
    2010
    
    
    %(thousands)
    
    
    
    
    
    (thousands)
    
    
    
    
    
    
    (thousands)
    
    
    
    
    
    
    (thousands)Nintendo Wii
    
    $
    17,242
    
    
    
    54
    %
    
    $
    2,678
    
    
    
    25
    %
    
    $
    43,141
    
    
    
    54
    %
    
    $
    10,651
    
    
    
    27
    %Microsoft Xbox 360
    
    
    6,779
    
    
    
    21
    %
    
    
    1
    
    
    
    
    %
    
    
    17,563
    
    
    
    22
    %
    
    
    177
    
    
    
    
    %Nintendo DS
    
    
    3,343
    
    
    
    10
    %
    
    
    8,002
    
    
    
    73
    %
    
    
    12,361
    
    
    
    15
    %
    
    
    28,257
    
    
    
    70
    %Sony Playstation 3
    
    
    1,158
    
    
    
    4
    %
    
    
    
    
    
    
    
    
    
    
    3,490
    
    
    
    4
    %
    
    
    Other
    
    
    3,620
    
    
    
    11
    %
    
    
    225
    
    
    
    2
    %
    
    
    4,053
    
    
    
    5
    %
    
    
    1,027
    
    
    
    3
    %TOTAL
    
    $
    32,142
    
    
    
    100
    %
    
    $
    10,906
    
    
    
    100
    %
    
    $
    80,608
    
    
    
    100
    %
    
    $
    40,112
    
    
    
    100
    %
 Gross Profit. Zumba Fitness Zumba Fitness Zumba Fitness
 Product Research and Development Expenses.
 Selling and Marketing Expenses. Zumba Fitness
 General and Administrative Expenses.
 Loss on Impairment of Software Development Costs and License Fees  Cancelled Games.
 18




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##### Table of Contents



Operating Income.
 Change in Fair Value of Warrant Liability.
 Income Taxes.
 Net Income.
 Six months ended April 30, 2011 versus six months ended April 30, 2010
 Net Revenues. Babysitting Mama Zumba
Fitness Zumba Zumba Fitness
 Gross Profit. Zumba Fitness
 Product Research and Development Expenses.
 Selling and Marketing Expenses. Zumba Fitness Babysitting Mama
 19




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##### Table of Contents



General and Administrative Expenses.
 Loss on Impairment of Software Development Costs and License Fees  Cancelled Games.
 Operating Income.
 Change in Fair Value of Warrant Liability.
 Income Taxes.
 Net Income.
 Liquidity and Capital Resources
   Factoring and Purchase Order Financing.
  20




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##### Table of Contents



Advances from Customers.
 Contingencies and Commitments
 Off-Balance Sheet Arrangements
  Cash Flows
  Operating Cash Flows.
  21




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##### Table of Contents



Investing Cash Flows.
  Financing Cash Flows.
 
 Item 3. Quantitative and Qualitative Disclosure about Market Risk
  
 Item 4. Controls and Procedures
       22




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##### Table of Contents



PART II. OTHER INFORMATION
 
 Item 1. Legal Proceedings
  
 Item 1A. Risk Factors
  
 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
   Common
    
    
    GrossShares
    
    
    ProceedsDate
    
    Issued
    
    
    Received3/28/11
    
    
    400,000
    
    
    $
    816,0003/30/11
    
    
    169,307
    
    
    
    345,3864/6/11
    
    
    22,213
    
    
    
    45,3154/8/11
    
    
    22,213
    
    
    
    45,3154/26/11
    
    
    26,667
    
    
    
    54,401
  Common
    
    
    
    
    
    
    GrossShares
    
    
    Warrants
    
    
    ProceedsDate
    
    Issued
    
    
    Issued
    
    
    Received3/25/11
    
    
    201,134
    
    
    
    80,453
    
    
    $
    301,7014/6/11
    
    
    55,533
    
    
    
    22,213
    
    
    
    83,300
  
 Item 3. Defaults Upon Senior Securities
  
 Item 4. (Removed and Reserved)
 
 Item 5. Other Information
  
 Item 6. Exhibits
 31.1
    
    Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.31.2
    
    Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.32
    
    Certification of Principal Executive Officer and Principal Financial Officer pursuant to Section 906
of the Sarbanes-Oxley Act of 2002.
 23




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##### Table of Contents



SIGNATURE
  MAJESCO ENTERTAINMENT COMPANY/s/ Jesse SuttonJesse SuttonChief Executive Officer  24