**FORM10-K**

**SECURITIESAND EXCHANGE COMMISSIONWashington, D.C. 20549**

 FOR ANNUAL AND TRANSITION REPORTS PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934.

 

(MarkOne)

 

 [X] ANNUALREPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the fiscal year ended December 31, 2002

OR

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934

Forthe transition period from __________ to __________

CommissionFile Number: 0-25790

**PCMALL, INC.**(Exact name of registrant as specified in its charter)

|                                                                         |   |                                                  |
|------------------------------------------------------------------------------|--------|-------------------------------------------------------|
| **Delaware**                                                                 |   | **95-4518700**                                        |
| (State        or other jurisdiction of        incorporation or organization) |   | (I.R.S.        Employer        Identification Number) |

2555West 190th StreetTorrance, CA 90504(address of principal executive offices)(310) 354-5600(Registrant's telephone number, including area code)

Securitiesregistered pursuant to Section 12(b) of the Act:

None

Securitiesregistered pursuant to Section 12(g) of the Act:

CommonStock, Par Value $0.001 Per Share

Indicate by check mark whether the Registrant(1) has filed all reports required to be filed by Section 13 or 15(d)of the Securities Exchange Act of 1934 during the preceding 12 months (orfor such shorter period that the Registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days.  Yes[x]   No [ ]** **

Indicate by check mark if disclosure ofdelinquent filers pursuant to Item 405 of Regulation S-K is notcontained herein, and will not be contained, to the best of the Registrant'sknowledge in definitive proxy or information statements incorporated byreference in Part III of this Form 10-K or any amendment to this Form 10-K.  []

Indicate by check mark whether the Registrant is anaccelerated filer (as defined in Exchange Act Rule 12b-2).  Yes [ ]  No [x]

As of June 28, 2002, the aggregate marketvalue of the Common Stock held by non-affiliates of the Registrant wasapproximately $41.0 million.  The number of shares outstanding of theRegistrant's Common Stock as of March 28, 2003 was 10,789,947.

**Documents incorporated by reference into Part III:**

Portions of the Proxy Statement for theRegistrant's 2003 Annual Meeting of Stockholders to be filed pursuant toRegulation 14A within 120 days after the Registrant's fiscal year end ofDecember 31, 2002 are incorporated  by reference into Part III of thisReport.

 

----

**PC MALL, INC.**

**TABLE OFCONTENTS**

|   |  
 

**PART I**

     ITEM 1 - Business

     ITEM 2 - Properties

     ITEM 3 - Legal Proceedings

     ITEM 4 - Submission of Matters to a Vote of Security      Holders

 

**PART II**

     ITEM 5 - Market for Registrant's Common Stock and Related      Stockholder Matters

     ITEM 6 - Selected Financial Data

     ITEM 7 - Management's Discussion and Analysis of Financial      Condition and Results of Operations

     ITEM 7A - Quantitative and Qualitative Disclosures about      Market Risk

     ITEM 8 - Financial Statements and Supplementary Data

     ITEM 9 - Changes in and Disagreements with Accountants on      Accounting and Financial Disclosure

 

**PART III**

     ITEM 10 - Directors and Executive Officers of the      Registrant

     ITEM 11 - Executive Compensation

     ITEM 12 - Security Ownership of Certain Beneficial Owners      and Management

     ITEM 13 - Certain Relationships and Related Transactions
          ITEM 14 - Controls and Procedures  
 

**PART IV**

     ITEM 15 - Exhibits, Financial Statement Schedules and      Reports on Form 8-K

 

    SIGNATURES

 

 

**PART I**

**ITEM 1. BUSINESS**

**General**

PC Mall, Inc. ("PC Mall"), formerly IdeaMall,Inc. and Creative Computers, Inc., together with its subsidiaries ("theCompany"), founded in 1987, is a rapid response directmarketer of computer hardware, software, peripheral and electronics products.The Company offers products to business, government and educationalinstitutions as well as individual consumers through direct marketing techniques, directresponse catalogs, dedicated inbound and Outbound telemarketing sales executives, theInternet, a direct sales force and three retail showrooms.  The Company offersa broad selection of products through its distinctive full-color catalogs underthe PC Mall, MacMall, ClubMac, PC Mall Gov and eCOST.com brands, its worldwideweb sites on the Internet: pcmall.com, macmall.com, clubmac.com, pcmallgov.com,and ecost.com, and other promotional materials.  The Company believes thatits rapid response service and its broad product selection result in customerloyalty and repeat customer orders.

 In September 1997, PC Mall formed a wholly-owned subsidiary,uBid, Inc. ("uBid"), to sell computer-related products and consumerelectronics through an auction format on the Internet. On December 9, 1998, uBidcompleted an initial public offering of 1,817,000 shares of its Common Stock. Upon completion of this offering, PC Mall owned 80.1% of the outstandingCommon Stock of uBid.  On June 7, 1999, PC Mall divested its ownershipin uBid by means of a tax-free distribution of all of its remaining 7.3 millionshares of uBid Common Stock to PC Mall's stockholders of record as of May24, 1999.  In April 2000, uBid was acquired by CMGI.

In February 1999, PC Mall formed eCOST.com as a wholly-ownedsubsidiary.  eCOST.com is a multi-category Internet retailer of computerproducts and electronics, and offers a broad selection of name-brand products,most of which are sold at competitive prices plus itemized fees for processingand shipping the order.  In December 1999, the Company formed eLinux as awholly-owned subsidiary to address the eLinux market.

During 2000, the Company shifted its strategy to focus primarily on itsOutbound telemarketing operations.  Accordingly, the Company changed itsoperating strategy for its start-up businesses, eCOST.com and eLinux,emphasizing profitability over growth.

During 2002, the Company completed two acquisitions.  In April 2002, the Company acquired substantially all of the assets ofPacific Business Systems, Inc. ("PBS"), a privately held direct marketer ofcomputer products to businesses and consumer customers under the ClubMac and PBSbrands.  The Company operates the acquired business asClubMac.  In July 2002, the Company completed the acquisition of substantially allof the assets of Wareforce, Inc. ("Wareforce") through a United StatesBankruptcy proceeding under Chapter 11 of the United States Bankruptcy Code. The Company considers ClubMac and Wareforce to be  part of its Core Businesssegment.

Also during 2002, PC Mall formed a new subsidiary, PC Mall Gov,Inc. to focus onthe public sector market and hired an experienced public sectortechnology sales executive to lead the entity's operations.   

 The Company currently operates in three reportable businesssegments: 1) a rapid response direct marketer of technology solutions forbusiness, government and educational institutions as well as consumers,collectively referred to as the "Core Business," 2) a multi-categoryInternet retailer under the eCOST.com brand, and 3) a rapid response directmarketer of Linux-based products and services provided under the eLinux brand. For segment information relating to net sales, gross profit and operatingincome, see Note 9 to the Company's financial statements included herein.

**Strategy**

The Company's strategy is to be a leading rapid response direct marketerof a broad range of computers, software and related technology products andsolutions to business, government and educational institutions, and individual consumers.  Specific elements of the Company's operatingstrategy include:

*ContinuedDevelopment of Outbound Telemarketing.* During 2002, the Company continued to intensify its Outbound telemarketingefforts to focus on the under-served small and medium business (SMB) market aswell as large business (enterprise), government and education markets. The Company believes that its inherent cost efficiencies and its purchasingpower with key vendors provides it with competitive advantages and growthopportunities to acquire market-share from small Value-Added Resellers ("VARs"). The Company's strategy is to expand its Outbound telemarketing sales executive workforce.  During 2002, the Company continued tohire experienced Outbound telemarketing executives to manage this initiativeand expand the Outbound telemarketing sales executive workforce.  In September 2001, theCompany opened a new Outbound telemarketing call center located in Orange County, California. The Company also focused on the development of its Outbound telemarketing executivesthrough its comprehensive training program.  The Company expects tocontinue to invest in new tools and training to develop its Outboundtelemarketing sales operation. 

*Focus onSales of Enterprise Products. *The Company continuesto focus on sales of enterprise products such as networking, servers, storageand volume licensing, as these products represent high growth segments ofthe enterprise market.  Throughout the year the Company continued to focuson expanding its manufacturer authorizations to sell enterprise products, andamong its successes received authorization from Microsoft to sell contractuallicensing to large enterprise customers.  The Company is authorized or otherwise has the ability to sell IBM,Hewlett-Packard/Compaq, Cisco, EMC, Microsoft, Network Associates and other namebrand products.  The Company also enhanced its ability to supportenterprise products during 2002 by launching new tools, such as onlinelicensing, to assist customers with purchasing enterprise products.  

 *Leverage Macintosh Market Position.*  Throughout 2002,the Company continued to be a leading rapid response direct marketer ofMacintosh products, offering the full line of Apple and related products. The Company believes that its Apple leadership position provides opportunitiesto acquire new commercial customers as well as penetrate existing customers.  The Company's sales of Mac-related products in 2002 were $304.9 million, anincrease of $24.5 million, or 8.7%, compared to $280.4 millionin 2001.  During 2002, the Company published 14 editions of its MacMallcatalog with a circulation of 24.8 million copies, a 16.5% decrease from the prioryear's 29.7 million circulation and a 15.9% decrease from the 29.5 million copiescirculated in 2000.  

* IncreasedRelationship-Based Selling.* TheCompany's sales executives are highly trained in relationship building withtheir customers and are continuously coached to offer higher levels of service. The Company is committed to relationship-based selling.  Each salesexecutive is trained and empowered to handle all customer needs, includingongoing customer service and returns-related issues.  Additionally, salesexecutives bring other expertise to bear as needed from within the Company,including Novell-trained Certified Network Engineers (CNE), Microsoft WindowsServerspecialists (MCSE) and Apple, Cisco, HP, EMC and Computer Associates certified technicians.

 *Leverage of Internet Expertise.*  The Companyconsiders itself a leader in Internet e-commerce innovation and intends tocontinue enhancing its leadership position on the Internet. The Company wasamong the first to enter the Internet auction space with its ubid.com web site. uBid completed a successful initial public offering ("IPO") inDecember 1998, and the Company subsequently distributed to its stockholders allof its remaining shares of uBid in June 1999.

 In March 1999, the Company launched the eCOST.com web site, whichoffers a broad selection of name-brand products, many of which are sold atdiscount prices. Customers are provided an itemized description of the feesassociated with processing their orders, including a handling and processing fee, and a shipping fee.

*Penetration of the Public Sector Market.* In April 2002, PC Mall formed PC Mall Gov, Inc. ("PC Mall Gov"), a whollyowned subsidiary, and hired an experienced public sector technology sales executiveto lead its public sector sales efforts.  Public sector sales are one ofthe fastest growing categories, and the Company believes that PC Mall Gov's  efficiencyis well suited to support the procurement model of the governmentand education buyer.  PC Mall Gov intends to establish a larger presence inthe federal government market.

* ***Marketingand Sales**

The Company designs its various marketing programs to attract newcustomers and to stimulate additional purchases by previous customers.  TheCompany continuously attracts new customers by employing Outbound telemarketing sales techniques toestablish relationships with businesses, selectively mailing catalogs toprospective customers and through advertising on the Internet and in majorcomputer user magazines such as Computer Shopper, Federal Computer Week,Government Technology, MacWorld, Mac Home, Mac Today, Mac Addict and others. In addition, the Company obtains the names of prospective customers throughselected mailing lists acquired from various sources, including manufacturers,suppliers and computer magazine publishers.   The Company sells itsproducts to business, government and educational institutions, as well asindividual consumers. 

The Company utilizes third-party software designed to managemarketing campaigns using different media channels and to optimize campaignsthrough advanced data mining techniques.  The software combines theseoptimization techniques with multiple models to moreeffectively match offers to individuals and businesses to provide the mostprofitable results.

*Outboundand Inbound Telemarketing. *The Company believes that much of its success has come from the quality andtraining of its sales executives.  Sales executives are responsible forassisting customers in purchasing decisions, answering product pricing andavailability questions and processing product orders.  Sales executivesalso have the authority to vary prices within specified parameters in order tomeet prices of competitors.  In addition, sales executives undergo aninitial sales training program focusing on use of the Company's systems, productofferings and networking solutions, sales techniques, phone etiquette andcustomer service.  Sales executives also attend frequent training sessionsto stay up-to-date on new products.  Sales executives staff the Company'stoll-free order lines 24 hours a day, seven days a week.  Customer serviceand technical support personnel assist inbound and Outbound telemarketing sales executives.  The Company's phone and computer systems are used for order entry,customer tracking and inventory management.  During 2002,the Company shipped approximately 612,000 inbound and Outbound telemarketing orders with anaverage order size of $912.

*Catalogs. *The Company published 13 editions of its PC Mall catalog during 2002 anddistributed approximately 11.0 million catalogs.  PC Mall customersreceive a catalog several times a year depending on purchasing history.  Inaddition, the Company includes a catalog with most orders shipped, as well asspecial promotional flyers and manufacturers' product brochures.

The Company published 14 editions of its MacMall catalog in 2002 anddistributed approximately 24.8 million catalogs.  Active MacMallcustomers receive a catalog several times a year depending upon purchasinghistory, and the Company includes a catalog with most orders shipped, as well asspecial promotional flyers and manufacturers' product brochures.  TheCompany also published ClubMac, eCOST.com and PCMall Gov catalogs in 2002, totaling an additional 26 editions and nearly5.1 million catalogs.

The Company creates all of its catalogs in-house with its own designteam and production artists using a Macintosh-based desktop publishing system. The in-house preparation of the catalogs streamlines the production process,provides greater flexibility and creativity in catalog production, and resultsin significant cost savings over outside production.

*TheInternet.* The Company operates several worldwide websites on the Internet, including pcmall.com, macmall.com, clubmac.com,pcmallgov.com, and ecost.com.  The Company offers many advanced Internetfeatures such as on-line ordering, access to inventory availability and a largeproduct selection with detailed product information.  The Company alsomaintains and operates an extranet for its corporate customers, called"Corporate Access Pages" or CAP sites.  CAP sitesprovide custom catalogs and online purchasing channels for corporate customersand their employees.  CAP sites enhance sales productivity by allowingcustomers to perform routine tasks online, freeing the account executive's timefor acquiring new customers.  Sales generated through the Internet have grownrapidly for the Company as it offers its customers a convenient means ofshopping and ordering its products.  In addition, the Company's web sitesalso serve as another source of new customers.  In 2002, the Companyshipped approximately 587,000 Internet-related orders, a 24% increase over the474,000Internet orders shipped in 2001.

In April 2002, the Company launched a new product search engineon www.pcmall.com and www.macmall.com which improves the ease of use of theseweb sites in three primary ways.  Search results are now displayed by mostpopular products first, however, customers can change the search results to havethem displayed by product type (category), manufacturer, lowest price first orhighest price first.  Customers are now able to filter search results byproduct type (category), manufacturer, keyword(s) or price range, and displaying onlyproducts that are in stock for immediate shipment.  Customersalso now have the option to make the current search engine even faster byturning off product images and removing product descriptions.

*VendorSupported Marketing. * The Companysells advertising space in the Company's catalogs, advertising on the Company'sInternet sites and vendor supported Outbound telemarketing campaigns. These advertising sales generate revenues that offset a substantial portion ofthe expense of publishing and distributing the catalogs.  The Company alsodevelops marketing campaigns to maximize product sales.

*NationalOff-Page Advertising.*  TheCompany continuously attracts new catalog customers and generates orders throughlarge multi-page color advertisements in major publications such as ComputerShopper, Federal Computer Week, Government Technology, MacWorld, Mac Home, MacToday, and Mac Addict.  During 2002, the Company purchased 239 pages ofmagazine advertising.

*CorporateSales. * The specific needs ofcorporate buyers are fulfilled through a combination of inbound and Outboundtelemarketing sales force as well as a direct sales force through the Company's CCIT andWareforce subsidiaries.  The Company's sales staff builds long-termrelationships with corporate customers through regular phone contact andpersonalized service.  Corporate customers may choose from several purchaseor lease options for financing product purchases, and the Company extends creditterms to certain corporate customers.

*CustomerReturn Policy. * The Companyoffers a limited return policy on a number of its products, subject to vendorterms and conditions.  Returns are monitored to identify trends in productacceptance and defects, to enhance customer satisfaction and to reduce overallreturns.

**Productsand Merchandising**

The Company offers hardware, software, peripherals, components andaccessories for users of computer products, as well as electronics equipment. The Company screens new products and selects products for inclusion in itscatalogs and web sites based on features, quality, sales trends, price, margins,cooperative/market development funds and warranties.  The Company offersits customers other value-added services, such as the ability to purchasesystems that have been specifically configured to meet the customer'srequirements.  Through frequent mailings of its catalogs and e-mails to itscustomers, the Company is able to quickly introduce new products and replaceslower selling products with new products.

The following table sets forth the Company's net sales by major productcategory as a percentage of total net sales for the periods presented.

 

Year      Ended December 31,

 

2002

2001

2000

Computer      systems

 36.9%

39.0%

44.3%

Peripherals,      components  and accessories

 42.1

45.5

42.0

Software

12.1

10.4

9.0

Other      (1) 

8.9

5.1

4.7

    Total

100.0%

100.0%

100.0%

(1)  Other consists primarily of other electronicproducts, income from configuration chargesand sales of extended warranties.

*Computer Systems.* The Company offers a large selection of desktop, laptop and server systems fromleading manufacturers including Apple, Hewlett-Packard/Compaq, IBM, Sony, Toshiba and others.

*Peripherals,Components and Accessories. *TheCompany offers a large selection of peripheral and component products frommanufacturers such as Apple, Hewlett-Packard/Compaq, Sony, Viewsonic, NEC/Mitsubishi, Epson,Xerox, 3Com, Cisco, Kingston, Canon, IBM, EMC and Iomega.  Peripherals andcomponents include printers, monitors, data storage devices, add-oncircuit boards, connectivity products and communications products.  Theaccessories offered by the Company include a broad range of computer-relateditems and supplies such as toner, ink cartridges, magnetic tape, cables and connectors.

*Software.*  The Company sells a wide variety of software packages in thebusiness and personal productivity, utility, language, graphics and videoediting categories, including word processing, spreadsheet and databasesoftware.  The Company offers a large number of software programs andlicenses from established vendors, such as Microsoft, Apple, Adobe, Symantec,Network Associates, Quark, Filemaker, Computer Associates, NAI, Lotus/IBM,Macromedia and Intuit, as well as numerous specialty products from new andemerging vendors.  The Company also markets upgrades from certain vendors,such as Symantec, Corel, Lotus and Microsoft.

**Purchasing and Inventory**

The Company believes that effective purchasing is a key element of itsbusiness strategy to provide name brand computer products and related softwareand peripherals at competitive prices.  The Company believes that its highvolume of sales results in increased purchasing power with its primarysuppliers, resulting in volume discounts, favorable product return policies andvendor promotional allowances.  During 2002, the Company purchased productsfrom over 643 vendors.  During 2002, 2001 and 2000, products manufacturedby Apple represented approximately 23.1%, 24.1% and 21.6% of net sales, respectively. The Company is also linked electronically with eleven distributors  ormanufacturers, which allowsaccount executives to view distributor product availability on line anddrop-ship product directly to their customers.  The benefits of thisprogram include reduced inventory carrying costs,higher order fill rates, and improved inventory turns.

Most key vendors have agreements to provide market development funds tothe Company, whereby such vendors fund portions of the cost of catalogpublication and distribution based upon the amount of coverage given in thecatalogs for their products.  Termination or interruption of the Company'srelationships with its vendors, or modification of the terms of ordiscontinuance of the Company's agreements with its vendors, could adverselyaffect the Company's operating results.  The Company's success is dependentin part upon the ability of its vendors to develop and market products that meetthe changing requirements of the marketplace.  As is customary in theindustry, the Company has no long-term supply contracts with any of its vendors. Substantially all of the Company's contracts with its vendors are terminableupon 30 days' notice or less.

The Company attempts to manage its inventory position to generate thehighest levels of customer satisfaction possible while limiting inventory risk. The Company'saverage annual inventory turns were 15.3 times in 2002, 15.7 times in 2001, and15.8 times in 2000.  Inventory levels may vary from period to period,due in part to increases or decreases in sales levels, the Company's practice ofmaking large-volume purchases when it deems the terms of such purchases to beattractive and the addition of new manufacturers and products.  The Companyhas negotiated agreements with many of its vendors that contain price protectionprovisions intended to reduce the Company's risk of loss due to manufacturerprice reductions.  The Company currently has such rights with respectto products that it purchases from Apple, Hewlett-Packard/Compaq, IBM andcertain other vendors; however, such rights vary by product line, have otherconditions and limitations and can be terminated or changed at any time.

 The market for computers, computer products, peripherals, softwareand electronics is characterized by rapid technological change and a growingdiversity of products.  The Company believes that its success depends inlarge part on its ability to identify and obtain the right to market productsthat will meet the changing requirements of the marketplace and to obtainsufficient quantities of product to meet changing demands.  There can be noassurance that the Company will be able to identify and offer products necessaryto remain competitive or avoid losses related to excess or obsolete inventory.

**Distribution**

The Company operates a full-service 155,000 square foot distributioncenter in Memphis, Tennessee and a 20,454 square foot warehouse facility inIrvine, CA.  The Memphis warehouse, the Company's primary distributioncenter, is strategically located near the Federal Express main hub in Memphis,which allows most orders of in-stock products accepted by 10:00 p.m. EasternStandard Time to be shipped for delivery by 10:30 a.m. the following day viaFederal Express.  Upon request, orders may also be shipped at a lower cost using other modes of transportation such as United Parcel GroundService.  The Irvine warehouse primarily functions as a customconfiguration and distribution center for Wareforce's corporate customers.  The Company believes thatits existing distribution facilities are  adequate for its current needs.

When an order is entered into the Company's systems, an automatedcredit check or credit card verification is performed, and if approved, and theproduct is in stock, the order is electronically transmitted to the warehouse,where a packing slip is printed for order fulfillment.  All inventory items are bar coded and located in computer-designatedareas which are easily identified on the packing slip.  All orders arechecked with bar code scanners prior to final packing to ensure that eachorder is packed correctly.  

The Company also has  electronic purchasing and drop shipping systemsfor  products that are not in stock at its distribution centers. Eleven distributors  or manufacturers are linked electronically to provide inventory availabilityand pricing information.  The Company transmits an electronic order forimmediate shipment via an electronic interchange (EDI) to the selecteddistributor after considering inventory availability, price and location. This capability allows the Company to ship a high percentage of orderson the same day that they are received.

**ManagementInformation Systems**

The Company has committed significant resources to the development ofsophisticated computer systems that are used to manage itsbusiness.  The Company's computer systems support telemarketing, marketing,purchasing, accounting, customer service, warehousing and distribution, andfacilitate the preparation of daily operating control reports which provideconcise and timely information regarding key aspects of its business.  Thesystems allow the Company to, among other things, monitor sales trends, makeinformed purchasing decisions and provide product availability and order statusinformation.  In addition to the main computer systems, the Company has  systems of networked personal computers.  The Company also applies its management information systems to the task ofmanaging its inventory.  The Company currently operates its managementinformation systems using a Hewlett Packard HP3000 Enterprise System and has aback-up system available in the event of a system failure.  The Companybelieves that in order to remain competitive it will be necessary to upgrade itsmanagement information systems on a continuing basis.

The Company's success is in part dependent on the accuracy and properutilization of its management information systems and its telephone system. In addition to the costs associated with system upgrades, the transition to andimplementation of new or upgraded hardware or software systems can result insystem delays or failures.  Any interruption, corruption, degradation orfailure of the Company's management information systems or telephone systemcould impact its ability to receive and process customer orders on a timelybasis. 

**Retail Computer Showrooms**

The Company currently operates three retail computer showrooms, located inSanta Monica, California, Torrance, California, and Memphis, Tennessee that are targeted at high-endconsumers and small businesses residing in the local area.

**Competition**

The retail business for personal computers and related products ishighly competitive.  The Company competes with other direct marketers,including CDW, Insight Enterprises, PC Connection and MicroWarehouse.  In addition,the Company competes with computer retail stores and resellers, includingsuperstores such as CompUSA and Best Buy, certain hardware and software vendorssuch as Gateway and Dell Computer that sell directly to end users, and otherdirect marketers of hardware, software and computer-related products. Barriers to entry are relatively low in the direct marketing industry and therisk of new competitors entering the market is high.  The markets in whichthe Company's retail showrooms operate are also highly competitive.

The manner in which personal computers, software and related productsare distributed and sold is changing, and new methods of sales and distributionhave emerged.  Technology now allows software vendors the ability to selland download programs directly to consumers, if so desired.  In addition,in recent years the industry has generated a number of new, cost-effectivechannels of distribution such as computer superstores, consumer electronic andoffice supply superstores, national direct marketers and mass merchants. Computer resellers are consolidating operations and acquiring or merging withother resellers to achieve economies of scale and increased efficiency.  Inaddition, traditional retailers have entered and may increase their penetrationinto the direct mail channel.  The current industry reconfiguration and thetrend toward consolidation could cause the industry to become even morecompetitive, further increase pricing pressures and make it more difficult forthe Company to maintain its operating margins or to increase or maintain thesame level of net sales or gross profit.

Although many of the Company's competitors have greater financialresources than the Company, the Company believes that its ability to offerconsumers and businesses a wide selection of products, at competitive prices, with promptdelivery and a high level of customer service, and its good relationships withits vendors and suppliers, allow it to compete effectively.  There can beno assurance that the Company can continue to compete effectively againstexisting or new competitors that may enter the market.  The Companybelieves that competition may increase in the future, which could require theCompany to reduce prices, increase advertising expenditures or take otheractions that may have an adverse effect on the Company's operating results.

**Employees**

As of December 31, 2002, the Company had 1,185 full-timeemployees.  The Company emphasizes the recruiting and training ofhigh-quality personnel and, to the extent practical, promotes people topositions of increased responsibility from within the Company.  Many employees initially receive training appropriatefor their position, followed by varying levels of training in computertechnology, communication and leadership.  New account executivesparticipate in an intensive sales training program, during which time they areintroduced to the Company's philosophy, available resources, products andservices, as well as basic and advanced sales skills.  Training forspecific product lines and continuing education programs  areconducted on an ongoing basis, supplemented by vendor-sponsored trainingprograms for all sales executives and technical support personnel.

The Company's employees are generally compensated on a basis thatrewards performance and the achievement of identified goals.  For example,sales executives receive compensation pursuant to a commission schedule that isbased primarily upon gross profit dollars generated from their sales efforts.  The Company believes thatthese incentives positively impact its performance and operating results.

The Company considers itsemployee relations to be good.  None of the Company's employees isrepresented by a labor union, and the Company has experienced no work stoppages.

Since its formation, theCompany has experienced rapid growth.  As a result of this growth, theCompany has added a significant number of employees and has been required toexpend considerable effort in training these new employees.

**Properties** 

TheCompany's principal facilities at December 31, 2002 were as follows:

Description

Sq. Ft.

Location

PC      Mall, Inc. Corporate Headquarters 

              153,532

Torrance,      CA

Distribution      Center

              155,000

Memphis,      TN

Irvine Sales Office and Warehouse

                60,888

Irvine, CA

Wisconsin      Sales Office 

                35,503

Milwaukee,      WI

Retail      Showroom

                  9,750

Santa      Monica, CA

 TheCompany leases each of its principal facilities, except for the Santa Monica retailshowroom, which is owned by the Company.  The Company's distribution centerincludes shipping, receiving, warehousing and administrative space.  In2002, the Company sold its building previously held for sale.  Also in 2002, the Company negotiated a three-year extension covering155,000 square feet on its Memphis, TN warehouse.

**Regulatoryand Legal Matters**

The direct response business as conducted by the Company is subject tothe Merchandise Mail Order Rule and related regulations promulgated by theFederal Trade Commission and laws or regulations directly applicable to accessto or commerce on the Internet.  While the Company believes it is currentlyin compliance with such laws and regulations and has implemented programs andsystems to address its on-going compliance with such regulations, no assurancescan be given that new laws or regulations will not be enacted or adopted whichmight adversely affect the Company's operations.  Due to the increasingpopularity and use of the Internet, it is possible that a number of laws andregulations may be adopted with respect to the Internet.  The growth anddevelopment of the market for Internet commerce may prompt calls for morestringent consumer protection laws that may impose additional burdens on thosecompanies conducting business over the Internet.  The adoption of anyadditional laws or regulations may decrease the growth of the Internet, which,in turn, could decrease the demand for and growth of the Company'sInternet-based sales. 

Based upon current law, certain of the Company's subsidiaries currentlycollect and remit sales tax only on sales of products to residents of thestates in which the respective subsidiaries have a physicalpresence.  Various state taxing authorities have sought to impose on directmarketers with no physical presence in the taxing state the burden of collectingstate sales and use taxes on the sale of products shipped to those states'residents, and it is possible that such a requirement could be imposed in thefuture.  In addition, a number of bills may be introduced or are pending before federal andstate legislatures that would potentially expand the tax collectionresponsibility of Internet-related companies.  Until these legislativeefforts have run their course and the courts have considered and resolved somecases involving these tax collection issues, there can be no assurance thatfuture laws imposing taxes or other regulations on commerce over the Internetwould not substantially impair the growth of e-commerce and as a result have amaterial adverse effect on the Company's business, results of operations andfinancial condition.

**ExecutiveOfficers**

Theexecutive officers of the Company as of March 28, 2003 and their respective agesand positions are as follows:

Name

Age

Position

Frank Khulusi

36

Chairman of the Board, President and Chief Executive Officer

Theodore R. Sanders

48

Chief Financial        Officer

Daniel J. DeVries

41

Executive Vice President - Marketing 

Kristin        M. Rogers

44

Executive        Vice President - Enterprise Sales

 The following is abiographical summary of the experience of the executive officers:

Frank F. Khulusi is a co-founder of the Company and has served asChairman of the Board and Chief Executive Officer of the Company since theCompany's inception in 1987, served as President until July 1999, and resumedthe office of President in March 2001.  Mr. Khulusi attended the Universityof Southern California.

 Theodore R. Sanders has served as Chief Financial Officer sinceSeptember 1998 and was Vice President - Controller of the Company from May 1997to September 1998.  Prior to joining the Company, Mr. Sanders spent tenyears with the Pittston Company in various senior finance roles includingController of its Burlington Air Express Global division and Director ofInternal Audit.  Mr. Sanders started his career with Deloitte & Toucheand rose to the position of Manager.  Mr. Sanders is a C.P.A. and receiveda B.S.B.A. degree from Nichols College.

Daniel J. DeVries has served as Executive Vice President -Marketing since February 1996 and was Senior Vice President from October 1994 tothat time.  Mr. DeVries is responsible for marketing, consumer sales andproduct management strategy.  From April 1993 to October 1994, he heldvarious sales and marketing positions with the Company.  From July 1988 toApril 1993, Mr. DeVries was a Regional Manager for Sun Computers, acomputer retailer.  Mr. DeVries attended the University of Michigan.

Kristin M. Rogers joined the Company inFebruary 2000 and was appointed as Executive Vice President  -Enterprise Sales in June 2001.  Ms. Rogers is responsible for corporatesales strategy.  Prior to joining the Company, Ms. Rogers held a variety ofpositions with Merisel, a computer wholesale distributor from 1980 through 1999,the most recent position being Senior Vice President and General Manager of theUS region.  In addition, Ms. Rogers spent one year (1997) as Executive VicePresident and General Manager of the US region for Micro Warehouse, a directmarketer based in Norwalk, Connecticut.  Ms. Rogers received a B.A. degreein Political Science at Bates College (Lewiston, Maine).
CERTAIN FACTORS AFFECTING FUTURE RESULTS
This Annual Report on Form 10-K contains forward-looking statementswithin the meaning of Section 27A of the Securities Act of 1933, as amended. Such statements include statements regarding the Company's expectations, hopesor intentions regarding the future, including but not limited to statementsregarding the Company's strategy, competition, vendors, expenses, financing,revenue, margins, operations and compliance with applicable laws. Forward-looking statements involve certain risks and uncertainties, and actualresults may differ materially from those discussed in any such statement. Factors that could cause actual results to differ materially from suchforward-looking statements include the risks described in greater detail in thefollowing paragraphs.  All forward-looking statements in this document are madeas of the date hereof, based on information available to the Company as of thedate hereof, and the Company assumes no obligation to update any forward-lookingstatement.

 **Dependenceon Vendors**

 The Company is dependent on sales of Apple andApple-related products, and those of other vendors, includingHewlett-Packard/Compaq ("HP"), IBM, Microsoft, Ingram Micro and Tech Data,  Productsmanufactured by Apple represented 23.1%, 24.1%, and 21.6% of the Company's netsales in 2002, 2001 and 2000, respectively.  Products manufactured by HPrepresented 17.8%, 17.3% and 17.1% of the Company's net sales in 2002, 2001 and2000, respectively.  A decline in sales of Apple or HP computers or a decreasein supply of or demand for software and peripheral products for such computerscould have a material adverse impact on the Company's business.  During parts of2002, 2001 and 2000, certain Apple products were in short supply.  Acontinuation of such shortages or future shortages could adversely affect theCompany's operating results.  The Company is an authorized dealer for the fullretail line of Apple products; however, the Company's dealer agreement withApple is terminable upon 30 days' notice.  The Company's business would beadversely affected if all or a portion of the line of Apple or HP products wereno longer available to the Company.  The Company's success is, in part,dependent upon the ability of Apple and HP to develop and market products thatmeet the changing requirements of the marketplace.  To the extent that theseproducts are not available to the Company, the Company could encounter increasedprice and other competition, which would adversely affect the Company'sbusiness, financial condition and results of operations.

      The Company purchases all of its products from vendors.  Certain keyvendors, including those listed above, provide the Company with trade credit aswell as substantial incentives in the form of discounts, credits and cooperativeadvertising.  Most key vendors have agreements to provide, or otherwisehave consistently provided, market development funds to the Company, wherebysuch vendors finance portions of the cost of catalog publication anddistribution based upon the amount of coverage given in the catalogs to theirrespective products.  Termination or interruption of the Company'srelationships with one or more of these vendors, including Apple or HP, ormodification of the terms or discontinuance of the agreements andmarket-development fund programs with these vendors, could adversely affect theCompany's operating income and cash flow.  The Company's success isdependent in part upon the ability of its vendors to develop and market productsthat meet the changing requirements of the marketplace.  Substantially allof the Company's contracts with its vendors are terminable upon 30 days' noticeor less.  In most cases, the Company has no guaranteed price or deliveryarrangements with its suppliers.  As a result, the Company has experiencedand may in the future experience short-term inventory shortages on certainproducts.  In addition, manufacturers who currently sell their productsthrough the Company may decide to sell their products directly or throughresellers or channels other than the Company.  Further, the personalcomputer industry experiences significant product supply shortages and customerorder backlogs from time to time due to the inability of certain manufacturersto supply certain products as needed.  The loss of a key vendor or declinein demand for products of a key vendor may reduce sales and affect operatingresults.  There can be no assurance that suppliers will be able to maintainan adequate supply of products to fulfill the Company's customers' orders on atimely basis or that the Company will be able to obtain particular products, onfavorable terms or at all, or that a product line currently offered by suppliers will continueto be available.  Similarly, there can be no assurance that the Company will beable to obtain authorizations from new vendors which may introduce new productsthat create market demand.

 **Competition**

The retail business for personal computers,electronics and related products is highly competitive, based primarily onprice, product availability, speed and accuracy of delivery, effectiveness ofsales and marketing programs, credit availability, ability to tailor specificsolutions to customer needs, quality and breadth of product lines and services,and availability of technical or product information.  The Company competes withother direct marketers, including CDW, Insight Enterprises, PC Connection andMicroWarehouse.  In addition, the Company competes with computer retail stores andresellers including superstores such as CompUSA and Best Buy, certain hardwareand software vendors such as Dell Computer and Gateway that sell directly to endusers, and other direct marketers of hardware, software and computer-relatedproducts.  In the direct marketing and Internet retail industries, barriers toentry are relatively low and the risk of new competitors entering the market ishigh.  Certain existing competitors of the Company have substantially greaterfinancial resources than the Company.  There can be no assurance that theCompany can continue to compete effectively against existing competitors,consolidations of competitors or new competitors that may enter the market.  Inaddition, price is an important competitive factor in the personal computerhardware, software and peripherals market and the market for electronicsproducts, and there can be no assurance that the Company will not be subject toincreased price competition, which may have an adverse effect on the Company'sbusiness, financial condition and results of operations.  There can be noassurance that the Company will not lose market share or that it will not beforced in the future to reduce its prices in response to the actions of itscompetitors and thereby experience a further reduction in its gross margins. 

**Narrow Gross OperatingMargins**

 As a result of intense price competition in thecomputer products and electronics industry, the Company's margins havehistorically been narrow and are expected to continue to be narrow.  Thesenarrow gross margins magnify the impact on operating results of variations inoperating costs and of adverse or unforeseen events.   The inability of theCompany to maintain its margins in the future could have an adverse effect onthe Company's business, financial condition and results of operations.

**Potential QuarterlyFluctuations** 

The Company experiences variability in its net sales and net income on aquarterly basis as a result of many factors.  These factors include thefrequency of catalog mailings, introduction or discontinuation of new catalogs,the introduction of new products or services by the Company and its competitors,changes in prices from suppliers, the loss or consolidation of a significantsupplier or customer, general competitive conditions including pricing, theCompany's ability to control costs, the timing of capital expenditures, thecondition of the personal computer industry and electronics in general, seasonalshifts in demand for computer and electronics products, industry announcementsand market acceptance of new products or upgrades, deferral of customer ordersin anticipation of new product applications, product enhancements or operatingsystems, the relative mix of products sold during the period, inability of theCompany to obtain adequate quantities of products carried in its catalogs,delays in the release by suppliers of new products and inventory adjustments,expenditures by the Company on new business ventures and general economicconditions and geopolitical events.  The Company's planned operatingexpenditures each quarter are based on sales forecasts for the quarter. If salesdo not meet expectations in any given quarter, operating results for the quartermay be materially adversely affected. The Company's narrow margins may magnifythe impact of these factors on the Company's operating results. The Companybelieves that period-to-period comparisons of its operating results should notbe relied upon as an indication of future performance. In addition, the resultsof any quarterly period are not necessarily indicative of results to be expectedfor a full fiscal year.  In certain future quarters, the Company's operatingresults may be below the expectations of public market analysts or investors. In such event, the market price of the Company's Common Stock could bematerially adversely affected.

**Focus on the PublicSector**

 The Company has historically sold into thepublic sector markets, and has onlysubsequently expanded this business model by creating a new subsidiary, PC MallGov, Inc., to focus on this growing market.  In adding this newfocus, the Company faces numerous risks and challenges, including competitionfrom a wider range of sources and the need to develop strategic relationships. There can be no assurance that the increased focus on the public sector willresult in expanded market share or increased profitability of the Company.   

**Acquisitions**

As part of its growth strategy, the Companyacquired two marketers of computers and computer-related products in 2002,Pacific Business Systems and Wareforce.  The Company may continue topursue acquisitions of companies that would either complement or expand itsexisting business.  No assurance can be given that the benefits expected fromthe acquisition of complementary companies will be realized.  In addition,acquisitions involve a number of risks and difficulties, including expansioninto new geographic markets and business areas, the diversion of management'sattention to  the operations and personnel of the acquiredcompany, the integration of the acquired company's management informationsystems with those of the Company, potential short-term adverse effects on theCompany's operating results and the amortization of acquired intangible assets. Any delays or unexpected costs incurred in connection with the coordination ofacquired operations could have a material adverse effect on the Company'sbusiness, financial condition and results of operations.  There can be noassurance that the Company will be able to implement or sustain its acquisitionstrategy or that its strategy will ultimately prove profitable for the Company.  

 **BusinessInterruption; Facilities**

The Company believes that its success to date hasbeen, and future results of operations will be, dependent in large part upon itsability to provide prompt and efficient service to its customers.  TheCompany has taken several precautionary steps to help minimize the impact ofdisasters that might cause business interruptions.  There can be noassurance that a disruption will not occur; however, any disruption of theCompany's day-to-day operations including those caused by natural disasters,acts or threats of war, terrorism or other conflict could have a materialadverse effect upon the Company, and any interruption, corruption, degradationor failure of the Company's non-redundant systems, including but not limited to,its management information systems,distribution center, web site or telephone system, could impair its ability toreceive and process customer orders and ship products on a timely basis.

 **Changing Methods ofDistribution**

 The manner in which computer and electronicsproducts are distributed and sold is changing, and new methods of sale anddistribution, such as the Internet, have emerged.  Computer hardware andsoftware vendors have sold, and may intensify their efforts to sell, theirproducts directly to end users.  From time to time, certain vendors haveinstituted programs for the direct sale of large quantities of hardware andsoftware to certain major corporate accounts.   These types of programs maycontinue to be developed and used by various vendors.  Vendors also may attemptto increase the volume of software products distributed electronically to endusers' personal computers.  Any of these competitive programs, if successful,could have a material adverse effect on the Company's business, financialcondition and results of operations.

 **Dependence onIndependent Shipping Companies**

The Company relies onarrangements with independent shipping companies, especially Federal Express andUPS, for the delivery of its products.  The disruption or termination of theCompany's arrangements with Federal Express, UPS or other shipping companies, orthe failure or inability of one or more shipping companies to deliver productsfrom the Company to its customers, or from suppliers to the Company, could havea material adverse effect on the Company's business, financial condition andresults of operations.

**Postage, Shipping andPaper Costs**

 Postage and shipping are significant expenses inthe operation of the Company's business.  The Company ships its products tocustomers by overnight delivery and ground delivery services and generally mailsits catalogs through the U.S. Postal Service.  Any increases in postal orshipping rates in the future could have a material adverse effect on thebusiness, financial condition and results of operations.  The cost of paper isalso a significant expense of the Company in printing its catalogs.  The cost ofpaper has fluctuated significantly over the last several years.  While theCompany believes that it may be able to recoup a portion of any increasedpostage and paper costs through increases in vendor advertising rates, noassurance can be given that such advertising rate increases can be sustained orthat they will offset all of the increased costs.

 **Risk of TechnologicalChanges and Inventory Obsolescence**

 The market for personal computers, peripherals,software and electronics products is characterized by rapid technological changeand a growing diversity of products.  The Company's success depends in largepart on its ability to identify and obtain the right to market products thatwill meet the changing requirements of the marketplace.  There can be noassurance that the Company will be able to identify and offer products necessaryto remain competitive or avoid losses related to excess and obsolete inventory.  The Company currently has limited return rightswith respect to products which it purchases from Apple, Hewlett-Packard/Compaq,IBM, andcertain other vendors; however, such rights vary by product line, have otherconditions and limitations, and can be terminated or changed at any time.

 **State Sales TaxCollection**

 Based upon current law, certain of the Company'ssubsidiaries currently collect and remit sales tax only on sales ofproducts to residents of the states in which the respective subsidiaries have a physical presence.  The U.S. Supreme Court has ruled that thevarious states, absent Congressional legislation, may not impose tax collectionobligations on an out-of-state mail order company whose only contacts with thetaxing state are distribution of catalogs and other advertisement materialsthrough the mail, and whose subsequent delivery of purchased goods is by mail orinterstate common carriers.   Certain court cases have upheld tax collectionobligations on  companies, including mail order companies, whose contacts with the taxing state was quite limited (*e.g.,* visiting the state severaltimes a year to aid customers or  to inspect showrooms stocking their goods). The Company believes its operations are different from the operations of thecompanies in these cases and thus do not give rise to tax collectionobligations.

However, the Company cannot predict the level ofcontact with any state which would give rise to future or past tax collectionobligations.   The tax treatment of the Internet and e-commerce is currently  ina state of flux.   Various state taxing authorities have sought to impose ondirect marketers with no physical presence in the taxing state the burden ofcollecting state sales and use taxes on the sale of products shipped to thosestates' residents, and it is possible that such a requirement could be imposedin the future.  In addition, a number of bills may be introduced or are pendingbefore federal and state legislatures that would potentially expand the taxcollection responsibility of Internet-related companies.  It is possible thatfederal legislation could be enacted that would permit states to impose salestax collection obligations on out-of-state mail order companies and if enacted,the imposition of a tax collection obligation on the Company may result inadditional administrative expenses to the Company and price increases to itscustomers that could adversely affect the Company's business, financialcondition and results of operations.  States also potentially may expand taxcollection responsibilities of out-of-state companies through legislation. Until these legislative efforts have run their course and the courts haveconsidered and resolved some cases involving tax collection issues, there can beno assurance that future laws imposing taxes or other regulations on commerceover the Internet would not substantially impair the growth of e-commerce and asa result have a material adverse effect on the Company's business, results ofoperations and financial condition.

**Industry Evolution andPrice Reductions**

 The personal computer industry is undergoingsignificant change.  In addition, in recent years a number of new,cost-effective channels of distribution have developed in the industry, such asthe Internet, computer superstores, consumer electronic and office supplysuperstores, national direct marketers and mass merchants.  Computer resellersare consolidating operations and acquiring or merging with other resellersand/or direct marketers to achieve economies of scale and increased efficiency. The current industry reconfiguration and the trend towards consolidation couldcause the industry to become even more competitive, further increase pricingpressures and make it more difficult for the Company to maintain its operatingmargins or to increase or maintain the same level of net sales or gross profit. Declining prices, resulting in part from technological changes, may require theCompany to sell a greater number of products to achieve the same level of netsales and gross profit.  Such a trend could make it more difficult for theCompany to continue to increase its net sales and earnings growth.  In addition,growth in the personal computer market has  slowed.  If the growth rateof the personal computer market were to further decrease, the Company's business,financial condition and operating results could be adversely affected.

 **Management InformationSystems**

The Company's success is in part dependent on theaccuracy and proper utilization of its management information systems, includingits telephone system.  The Company's ability to analyze data derived from itsmanagement information systems to increase product promotions, manage inventoryand accounts receivable collections, to purchase, sell and ship productsefficiently and on a timely basis and to maintain cost-efficient operations, areeach dependent upon the quality and utilization of the information generated byits management information systems.  The Company is continually upgrading itsmanagement information system hardware and software to better meet theinformation requirements of its users, and believes that to remain competitive,it will be necessary to upgrade its management information systems on acontinuing basis in the future.  In addition to the costs associated with suchupgrades, the transition to and implementation of new or upgraded hardware orsoftware systems can result in system delays or failures which could impair theCompany's ability to receive and process orders and ship products in a timelymanner.  The Company does not currently have a redundant or back-up telephonesystem, nor does it have complete redundancy for its management informationsystems.  Any interruption in telephone service or management informationsystems including those caused bynatural disasters could have a material adverse effect on the Company'sbusiness, financial condition and results of operations.

 **Dependence on SeniorManagement**

The Company's future performance will depend to asignificant extent upon the efforts and abilities of certain key managementpersonnel, including Frank Khulusi, Chairman of the Board, President and ChiefExecutive Officer.  The Company has a $3 million key man life insurance policyon Mr. Khulusi.  The loss of service of one or more of the Company's keymanagement personnel could have an adverse effect on the Company's business. The Company's success and plans for future growth will also depend in part onmanagement's continuing ability to hire, train and retain skilled personnel inall areas of its business.

**Privacy Concerns**

 The Company mails catalogs and sends electronicmessages to names in its proprietary customer database and to potentialcustomers whose names the Company obtains from rented or exchanged mailinglists.  Worldwide public concern regarding personal privacy has subjected therental and use of customer mailing lists and other customer information toincreased scrutiny.  Any domestic or foreign legislation enacted limiting orprohibiting these practices, including a national do-not-call list, couldnegatively affect the Company's business, financial condition and results ofoperations.

 **Management of Growth**

The growth of the Company's business has requiredthe Company to make significant additions in personnel and has significantlyincreased the Company's working capital requirements.  Although the Company hasexperienced significant sales growth since its inception, such growth should notbe considered indicative of future sales growth.  Such growth has resulted innew and increased responsibilities for management personnel and has placed andcontinues to place significant strain upon the Company's management, operatingand financial systems, and other resources.  There can be no assurance that thisstrain will not have a material adverse effect on the Company's business,financial condition, and results of operations, nor can there be any assurancethat the Company will be able to attract or retain sufficient personnel tocontinue the expansion of its operations.  Also crucial to the Company's successin managing its growth will be its ability to achieve additional economies ofscale.  There can be no assurance that the Company will be able to achieve sucheconomies of scale, and the failure to do so could have a material adverseeffect upon the Company's business, financial condition and results ofoperations.

 **Availability of Capital**

The Company requires substantial working capitalto fund its business. The Company believes that current working capital,together with cash flows from operations and available lines of credit, will beadequate to support the Company's current operating plans through 2003. However,if the Company needs extra funds, such as for acquisitions or expansion or tofund a significant downturn in sales that causes losses, there are no assurancesthat adequate financing will be available at acceptable terms, if at all.  Ifadditional financing is required but not available, the Company would have toimplement additional measures to conserve cash and reduce costs. However, thereis no assurance that such measures would be successful.  The Company's failureto raise required additional funds or to secure an additional credit facilitywould adversely affect the Company's ability to**maintain, develop or enhance itsproduct offerings, take advantage of future opportunities, respond to competitivepressures or continue operations.

**Possible Volatility ofStock Price**

The Company believes certain factors, such assales of the Company's Common Stock into the market by existing stockholders,fluctuations in quarterly operating results and market conditions generally,including market conditions affecting stocks of computer hardware and softwaremanufacturers and resellers and companies in the Internet and electroniccommerce industries in particular, and other technology or related stocks, couldcause the market price of the Company's Common Stock to fluctuatesubstantially.  The stock market in general, and the stocks of computer andsoftware resellers, and companies in the Internet and electronic commerceindustries in particular, and other technology or related stocks, have in thepast experienced extreme price and volume fluctuations which have been unrelatedto corporate operating performance.  Such market volatility may adversely affectthe market price of the Company's Common Stock. 

**Dependence on ContinuedUse of the Internet**

The Company's level of sales generated from itsworldwide web sites has increased in part because of the growing use andacceptance of the Internet by end-users.  The growth in Internet usage is arelatively recent development, and no assurance can be made that the Internetwill continue to develop or that a sufficiently broad base of consumers willadopt and continue to use the Internet and other online services as a medium ofcommerce.  Sales of computer products over the Internet have increased as apercentage of the Company's net sales in recent years.  Continued growth of theCompany's Internet sales is dependent on potential customers using the Internetin addition to traditional means of commerce to purchase products.  The Companycannot accurately predict the rate at which they will do so.  If the use byconsumers of the Internet to purchase products does not continue, the Company'sbusiness, financial condition and results of operations could be adverselyaffected.

The Company's success in maintaining and growingits Internet business will depend in large part upon the development of aninfrastructure for providing Internet access and services.  If the number ofInternet users or their use of Internet resources continues to grow rapidly,such growth may overwhelm the existing Internet infrastructure.  The Company'sability to increase the speed with which it provides services to customers andto increase the scope of such services ultimately is limited by and reliant uponthe speed and reliability of the networks operated by third parties.  TheCompany cannot assure that networks and infrastructure providing sufficientcapacity and reliability will continue to be developed.

**ITEM 2. PROPERTIES**

See "Properties" in Item 1 above.

** ITEM 3. LEGAL PROCEEDINGS**

TheCompany is subject to various legal proceedings or claims which arise in theordinary course of business.  In theopinion of management, the amount of ultimate liability with respect to thoseactions will not have a material adverse effect on the Company's business, financial conditionor results of operations.

 **ITEM 4. SUBMISSION OFMATTERS TO A VOTE OF SECURITY HOLDERS**

There were no matters submitted to a vote of securityholders during the fourth quarter of 2002.

**PARTII**

**ITEM 5. MARKET FORREGISTRANT'S COMMON STOCK AND RELATED STOCKHOLDER MATTERS**

 The Common Stock of the Company has been traded on the NASDAQ National Marketsince the Company's initial public offering on April 4, 1995 (the "IPO"). Prior to the IPO, there was no public market for the Company's Common Stock. The following table sets forth the range of high and low closing sales pricesfor the Company's Common Stock for the periods indicated, as reported on the NASDAQ National Market.

      Price Range of Common        Stock 
High

Low
Year Ended December 31, 2000  First Quarter$14.06 $        7.13 Second Quarter10.063.66 Third Quarter4.562.59 Fourth Quarter3.130.53    Year Ended December 31, 2001   First Quarter2.500.81 Second Quarter2.011.00 Third Quarter3.501.43 Fourth Quarter4.061.73Year Ended December 31,        2002  First Quarter
4.473.02 Second Quarter
5.003.40 Third Quarter3.362.05 Fourth Quarter4.292.00
On March 27, 2003, the closing price of the Company's Common Stock as reportedon the NASDAQ National Market was $3.15 per share.  As of March 27,2003, there were approximately 56 holders of recordof the Common Stock.

TheCompany has never paid  cash dividends on itscapital stock.  The Company intendsto retain its earnings to finance the growth and development of its business.  For information regarding  the Company's Equity Compensation Plans, see Item12 of this Report.

** ITEM 6.  SELECTED FINANCIAL DATA
Thefollowing selected consolidated financial data are qualified by reference to,and should be read in conjunction with, the Company's Consolidated FinancialStatements and the notes thereto, and "Management's Discussion and Analysisof Financial Condition and Results of Operations" contained elsewhereherein.  The selected income statement data for the years ended December 31,2000, 2001 and 2002 and the selected balance sheet data as of December 31,2001 and 2002 are derived from the Company's audited consolidated financialstatements, which are included elsewhere herein.  The selected income statement data for the years ended December 31,1998 and 1999 along with the balance sheet data as of December 31, 1998,1999 and 2000 are derived from the audited consolidated financial statements ofthe Company which are not included herein.  The selected operating data are derived from the operating records of theCompany and have not been audited.

**Year Ended December 31, **
**(in thousands, except per share data)**2002(1)
 2001
2000(2)19991998Net sales$862,831 $718,083 $818,627$730,181 $642,006 Cost of goods sold769,818 639,111 730,794650,630  568,309 Retail store closure inventory      reserve
- 

- 

- 
-   
3,679 Gross profit93,013  78,972 87,83379,551  70,018 Selling, general, and      administrative expenses 88,325  73,775 95,53683,687  76,812 Loss on building held      for sale350  --  -  -  Expenses related to retail store      closure
- 

- 

-
-  
6,773 Income (loss) from operations 4,338  5,197 (7,703)(4,136) 
(13,567)Interest income (expense)
(983)
(709)

(917)
245  
(291)Income (loss) before income taxes3,355 4,488 (8,620)(3,891) (13,858)Income tax provision (benefit)
(3,594)
- 

-
812  
(5,034)Income (loss) from continuing      operations 6,949  4,488 (8,620)(4,703) (8,824)Discontinued operations -  - -(6,240) (8,971)Cumulative effect of change in      accounting principle
(6,801)
- 

(536)

-
 
-
Net income (loss)$
148 
$
4,488 
$
(9,156)
$
(10,943)
$
(17,795)
      Basic earnings per      share   Continuing operations$0.65 $0.43$(0.83)$(0.45)$(0.87)Discontinued operations---(0.60) (0.88)Cumulative effect of change in      accounting principle
(0.64)-
(0.05)  - -$
0.01 
$
0.43
$(0.88)$(1.05)$
(1.75)
Diluted earnings (loss) per share      Continuing operations$0.62 $0.43$(0.83)$(0.45)$(0.87)Discontinued operations---(0.60) (0.88)Cumulative effect of change in      accounting principle(0.61)-(0.05)- -$0.01 $
0.43
$
(0.88)
$
(1.05)
$
(1.75)
Pro    forma amounts assuming the      accounting change required by SAB 101 is applied retroactively (See Note 1      of Notes to Consolidated Financial Statements)      Income (loss) from continuing      operations$ 6,949 $ 4,488 $(8,620)$(4,842)$(8,928)Net income (loss)$
148 
$
4,488 
$(8,620)$
(11,082)
$
(17,899)
Basic earnings (loss) per share      Continuing operations$ 0.65 $ 0.43 $ (0.83)$ (0.47)$(0.88)Net income (loss)$
0.01 
$
0.43 
$
(0.83)
$
(0.47)
$
(0.88)
      Diluted earnings (loss) per share      Continuing operations$ 0.62 $ 0.43 $ (0.83)$ (0.47)$(0.88)Net income (loss)$
0.01 
$
0.43 
$
(0.83)
$
(1.07)
$
(1.76)
      Basic weighted average number of      shares outstanding
10,654 

10,436 

10,419  

10,383 

10,176 
Diluted weighted average number of      shares outstanding
11,127 

10,551 

10,419  

10,383 

10,176 

(1)       The selected income statement data for 2002 include the operating results      of ClubMac and Wareforce, acquired in April 2002      and July 2002, respectively, as well as the adoption of SFAS 142, as      discussed in Notes 1 and 10 of Notes to Consolidated Financial Statements.
(2) Operating results in 2000      reflect the implementation of SAB 101.  See Note 1 of Notes to      Consolidated Financial Statements.
**Year Ended December 31, **
**(in thousands, except average order      size)**Selected Operating      Data20022001200019991998Telemarketing net sales$    558,242$472,927$574,956$556,461$562,284Internet sales$    274,277$215,760$207,826$138,986$36,143Retail net sales$30,312$29,396$35,845$34,734$43,579    Total net sales$862,831$718,083$818,627$730,181$642,006            Number of catalogs      distributed40,29443,36749,26358,95569,427Orders filled (Telemarketing)6125216878741,075Orders filled      (Internet)587474390336121
Average order size      (Telemarketing)
$912$908$837$637$523Average order size      (Internet)$467$455$533$414$299Mailing list size9,3467,6856,0225,4594,792
**December 31, **
**(in thousands)**Balance Sheet Data2002 2001 2000 1999 
1998 Working capital$    23,177$17,270$10,184$18,697$36,285Total assets$149,305$125,805$137,566$150,005$143,174Short-term debt$291$1,437$579$148$122Line      of credit$    17,496$1,561$17,315$-$-Long-term debt,      excluding current portion$-$375$703$284$161Stockholders' equity$    45,110$44,011$39,508$48,598$67,564
**ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION ANDRESULTS OF OPERATIONS**

The following discussion and analysis of the Company's financial conditionand results of operations should be read in conjunction with the Company'sconsolidated financial statements and notes thereto included elsewhere herein.

**Overview**

The Company began operations in May 1987 as amail order company and became an authorized Apple dealer in1991.  In 1994, the Companyreceived authorization from Apple to offer the full retail line of Appleproducts via direct mail, and the Company distributed the first edition of its MacMall catalog in April 1994.

In 1998, the Company modified its strategic focus to acquiringsmall-to-medium size business customers and established an Outboundrelationship-based telemarketing model.  The Outbound telemarketing modelinvolves hiring and training technical sales executives, developing qualifiedbusiness leads and establishing business relationships with IT professionals.  

During 1999, the Company successfullycompleted a spin-off of its former subsidiary, uBid, Inc. to the Company'sstockholders.

Consistent with its strategic focus on the business-to-business and Internetmarkets, the Company formed a new subsidiary, eCOST.com, a multi-categoryInternet retail web site, in February 1999.  In December 1999, the Companyformed its eLinux subsidiary to address the Linux market.

During2000, the Company intensified its strategy to focus primarily on its Outboundtelemarketing operations.  Accordingly, the Company changed its operatingstrategy for its start-up businesses, eCOST.com and eLinux, emphasizingprofitability over growth.

In April 2002, the Company acquired substantially all of the assets ofPacific Business Systems, Inc. ("PBS"), a privately held direct marketer ofcomputer products to business and consumer customers under the ClubMac and PBSbrands.  Under the terms of theasset purchase agreement, the Company acquired PBS' customer database,accounts receivable, inventory, certain fixed assets and certain intellectualproperty and assumed certain liabilities equal to the negotiated values ofacquired accounts receivable and inventory.  In addition to certain liabilities assumed, the Company issued 300,000shares of its common stock valued at approximately $1.3 million to PBS and hasagreed to a capped three year earn-out, whereby additional consideration may bepaid to PBS based on the future results of the acquired business.  The Company operates the acquired business as ClubMac, and considers thisto be part of its Core Business segment.

In July 2002, the Company completed the acquisition of substantially allof the assets of Wareforce, Inc. ("Wareforce") through a United StatesBankruptcy proceeding under Chapter 11 of the United States Bankruptcy Code.  TheCompany paid initial consideration in the amount of approximately $9.0 millionto Wareforce's creditors and $436,000 directly to Wareforce on the closingdate in exchange for trade accounts receivable and inventory with an initialvaluation of $10.9 million, as well as all fixed and intangible assets.  In connection with these payments, the Company drew on its line ofcredit.  The Company paid to Wareforce $768,000 as additional contractual consideration in September 2002. In connection with the acquisition, the Company hired substantially allof the sales and sales support employees of Wareforce.  The Company considers Wareforce to be a part of its Core Businesssegment.

Net sales of the Company are derived primarily from the sale of computerhardware, software, peripherals, and electronic products to business,government and educational institutions as well as individual consumers throughrelationship-based telemarketing techniques, direct response catalogs, dedicatedinbound telemarketing sales executives, the Internet, a direct sales force, andits three retail showrooms located in Southern California and Tennessee. Grossprofit consists of net sales less product and shipping costs. The Companyreceives marketing development funds frommanufacturers of products included in the Company's catalogs and web sites, aswell as co-operative advertising funds ("co-op") on products purchasedfrom manufacturers and vendors.

Net sales fromdirect marketing operations, as a percentage of netsales, were  64.7%, 65.9%, and 70.2% in 2002, 2001 and 2000 respectively, withan average order size of $912, $908, and $837 for those respective years.  Net salesfrom the Internet, as a percentage of net sales, were 31.8%, 30.0%, and 25.4% in2002, 2001 and 2000 respectively, with an average order size of $467, $455, and$533 for those respective years.

A substantial portion of the Company's businessis dependent on sales of Apple and Apple-related products, and those of othervendors, including Hewlett-Packard/Compaq ("HP"), IBM, Microsoft, Sony, Ingram Micro and Tech Data.Products manufactured by Apple represented 23.1%, 24.1%, and 21.6% of theCompany's net sales in 2002, 2001 and 2000, respectively. Products manufacturedby HP represented 17.8%, 17.3% and 17.1% of the Company's net sales in 2002,2001 and 2000, respectively.

**Critical Accounting Policies**

TheCompany has identified the following as its critical accounting policies:

*RevenueRecognition. *Net sales include product sales, netof returns and allowances, and gross outbound shipping and handlingcharges.  The Company recognizes revenue from product sales, net ofdiscounts, coupon redemption and estimated sales returns, when title to productssold has transferred to the customer, generally upon the receipt of products bythe customer.  The Company offers a limited return policy on selected itemsbased on manufacturer return policies, and provides an allowance for salesreturns based on historical experience.  For all product sales shippeddirectly from suppliers to customers, the Company takes title to the productssold upon shipment, bears credit risk, and bears inventory risk for returnedproducts that are not successfully returned to suppliers; therefore, theserevenues are recognized at gross sales amounts.  

*Allowancefor Doubtful Accounts Receivable. *The Companymaintains an allowance for doubtful accounts receivable based upon estimates offuture collection.  The Company extends credit to its customers based uponan evaluation of each customer's financial condition and credit history, andgenerally does not require collateral.  The Company continually evaluatesits customers' financial condition and credit history in determining theadequacy of its allowance for doubtful accounts.  The Company alsomaintains an allowance for uncollectible vendor receivables which arise fromvendor rebate programs, price protections and other promotions.  TheCompany determines the sufficiency of the vendor receivable allowance based uponvarious factors, including payment history.  Amounts received from vendorsmay vary from amounts recorded because of potential non-compliance with certainelements of vendor programs.

*Reservefor Inventory Obsolescence.*  The Company maintains allowances for thevaluation of its inventory by estimating the obsolete or unmarketable inventorybased on the difference between inventory cost and market value determined bygeneral market conditions,  nature, age and type of each product.  The Company continually evaluates the adequacy of itsinventory reserve.

*DeferredAdvertising Revenue and Costs.*  TheCompany produces and circulates catalogs at various dates throughout the yearand receives market development funds and co-opadvertising funds from vendors included in each catalog.  These funds are recognized based on sales generated over the life of thecatalog, approximately eight weeks.  Thecosts of developing, producing and circulating each catalog are deferred and charged toadvertising expense at the same rate as the co-op revenue based on the life of the catalog.  Deferredadvertising revenue is included in accrued expenses and other currentliabilities, offset by deferred advertising costs, which are included in prepaidexpenses and other current assets.

**Results of Operations**

The following table sets forth for the years indicated information derivedfrom the Company's consolidated statement of operations expressed as apercentage of sales.** ** There can beno assurance that trends in sales gross profit or operating results will continue inthe future.
Percentage of Net Sales
Year Ended      December 31,
2002

2001

2000
Net sales    100.0%    100.0%100.0 %Cost of goods sold
89.2
89.0
89.3 Gross profit    10.8    11.010.7 Selling, general, and administrative expenses    10.2    10.311.7 Income (loss) from operations    0.5    0.7(1.0)Interest expense, net0.10.1-Income (loss) before income taxes0.40.6 (1.0)Income tax    benefit
0.4 
- - Income (loss) from operations0.8 0.6 (1.0)Cumulative effect of change in accounting      principle(0.8)-  (0.1)Net income (loss)
0.0 %
0.6 %
(1.1)%
**Year Ended December 31,2002 Compared to the Year Ended December 31, 2001**

Netsales in 2002 were $862.8 million, an increase of $144.7 million or 20.2% fromnet sales of $718.1 million in 2001. The Company's Core Business net salesincreased 23.0% to $768.5 million in 2002, from $625.0 million in 2001. The Core Business salesincrease in2002 resulted from $81.1 million of sales from the Company's Wareforce andPacific Business Systems acquisitions completed during the year, as well asincreases of 19.4% in its Outbound telemarketing business sales, 18.0% in PC Mall Gov sales,3.2% in retail sales, and 2.6% in catalog sales.  Sales increased as aresult of the intensified focus on the public sector market, increases inheadcount over the prior year, and increased average order size.  The catalog sales wereaffected by a planned decline in catalog circulation, from 43.4 millioncatalogs in 2001 to 40.3 million catalogs in 2002.  The Core Business Internetsales, which include sales generated through its Corporate Access Pages, increased $55.3 million, a 42.6% increase over 2001.  Net sales for theCompany's eCOST.com segment in 2002 increased $4.2 million or 5.0% over 2001, primarily due to opportunistic buys, continued enhancements toits marketing and product offerings and increased Outbound telemarketing sales to businesscustomers.  The Company'seLinux segment net sales declined in 2002 by 35.3% to $5.4 million from $8.4 million in 2001 due to the Company's decreased focus on sales for that segment. For the year ended 2002, sales of Apple productsrepresented 23.1% of net sales, compared to 24.1% in the prior year.

Gross profit in 2002 was $93.0 million, an increase of $14.0 million, or 17.8%,over 2001.  For the Core Business, gross profit increased $14.2 million, or20.1%, over 2001, nearly consistent with the increase in net sales.  For eCOST.com, gross profit in 2002 was $7.9 million, an increase of $0.2 million,or 2.9%, over 2001.  For eLinux, gross profit in 2002 decreased $0.4million, or 44.8%, over 2001.  As a percentage of net sales, consolidatedgross profit in 2002 decreased to 10.8% compared with 11.0% in2001.  For the Core Business, gross profit as a percentage of net salesdeclined to 11.0% compared to 11.3% of sales in 2001, primarily as a result of amix shift from a surge in lower margin software licensing products in the thirdquarter of 2002, fluctuations in vendor support experienced in the first quarterof 2002 and aggressive pricing by new Outbound telemarketing account managers establishingrelationships with business customers.  For eCOST.com, gross profit as apercentage of net sales in 2002 decreased to 8.9% compared to 9.1% in 2001. For eLinux, gross profit as a percentage of net sales in 2002 decreased to 8.2%compared to 9.6% in 2001.  Gross profit marginmay vary depending on various factors, including Outbound telemarketing sales initiatives,fluctuations in key vendor support programs and price protections, product mix,market conditions and other factors.

Selling, general and administrative expenses ("SG&A") were $88.3million in 2002, an increase of $14.5 million, or 19.7%, from 2001. As a percentof net sales, SG&A declined slightly in 2002 to 10.2% from 10.3% in 2001.  Forthe Core Business, SG&A in 2002 was $79.9 million, an increase of $14.7 million,or 22.6%, compared to 2001.  SG&A expenses for 2001 include $0.5 million ofpretax goodwill amortization, which was not incurred in 2002.  As a percent of net sales, SG&A for the CoreBusiness remained flat at 10.4% in 2002 compared with 2001.  Increases inOutbound telemarketing account manager headcount, increased net advertising expenditures andthe acquisitions of PBS and Wareforce were offset by declines in depreciationand amortization costs, as well as cost saving initiatives put in place duringthe year.  For eCOST.com, SG&A for 2002 was $7.1 million, a decrease of2.6% compared with 2001.  As a percent of net sales, SG&A for eCOST.comdecreased in 2002 to 8.0% compared with 8.6% in 2001.  For eLinux, SG&A in2002 was $1.3 million, flat compared with 2001.  As a percent of net sales,SG&A for eLinux increased to 24.9% in 2002 compared with 15.9% in 2001,resulting from a decline in sales.

Netinterest expense was $1.0 million for the year ended December 31, 2002 comparedto $0.7 million net interest expense for the year ended December 31, 2001.  Theincrease was primarily due to borrowings initiated in the third quarter of 2002to fund the acquisition of Wareforce and aggressive paydowns of accounts payableto take advantage of early-pay discounts, offset by reduced borrowing rates.

Theincome tax benefit of $3.6 million for the year ended December 31, 2002 resultedfrom the reversal of a valuation allowance related to the Company's deferred taxassets due to the Company's recent history of improved profitability.  No income tax provision was booked in the prior year endedDecember 31, 2001.

As described in "Recent Accounting Pronouncements" below, in thesecond quarter of 2002, the Company completed its assessment of the impact ofSFAS 142, and, as required by SFAS 142, effective January 1, 2002, the Companyrecorded a one-time, non-cash charge of approximately $6.8 million, net of tax,to reduce the carrying value of its goodwill.  Such charge is reflected as acumulative effect of a change in accounting principle in the accompanyingconsolidated statement of operations.  Under SFAS 142, goodwill impairment isdeemed to exist if the net book value of a reporting unit exceeds its estimatedfair value, including consideration of the Company's market capitalization.

**Year Ended December 31, 2001 Compared to the Year Ended December 31, 2000**

Net sales in 2001 were $718.1 million, a decrease of $100.5 million or12.3% from net sales of $818.6 million in 2000.  The Company's CoreBusiness net sales declined 11.0% to $625.0 million in 2001.  The CoreBusiness sales decline in 2001 resulted from reduced demand and lower sellingprices of technology products due to the economic recession and the effect ofthe September 11, 2001 terrorist attacks.  Further, netcatalog circulation in 2001 decreased 12.0%, or 5.9 million catalogs to 43.4million catalogs, comprised of 29.7 million and 13.7 million MacMall and PC Mall catalogs,respectively.  Retail net sales included in the Core Business declined $6.5million or 18.0% in 2001 to $29.4 million.  The decline was partially offset by anincrease in Core Business Internet sales of $33.7 million, a 35.0% increase over2000.  Net sales for the Company's eCOST.com segment in 2001 declined $25.3million or 23.0% over 2000  because of a significant reduction of advertising expendituresand increases in product margins to sustainable levels.  The Company's eLinuxsegment reported net sales growth in 2001 of 34.5% to $8.4 million from $6.2million in 2000.  Total PC platform revenues were$437.7 million,a  decrease of $60.7 million, or 12.2%over 2000 PC platform revenue of $498.4 million.    Total salesof  Mac platform products in2001 was $280.4 million, a decrease of $39.8 million, or 12.4% compared to $320.2 million in 2000.  

Gross profitincreased as a percentage of net sales to 11.0% in 2001, versus 10.7% in2000.  The gross profit percentage in2001 was positively affected by eCOST.com, which nearly doubled its marginpercentage from 2000, partially offset by a decline in the Core Business margin to 11.3% from 11.7% of sales in2000, due to market conditions.  eCOST.comgross profit increased 49.5% to $7.7 million in 2001, from $5.2 million in 2000as a result of its focus on profitability.  Core Business gross profitdeclined 14.1% to $70.5 million in 2001 primarily as a result of decreased netsales.  eLinux gross profit increased in 2001 by $0.1 million or 21.0% over2000.  Gross profit margin may vary depending onvarious factors, including Outbound telemarketing sales initiatives, fluctuations in keyvendor support programs and price protections, product mix, market conditionsand other factors.

Selling, general and administrative expenses("SG&A") declined $21.8 million in 2001, or 22.8% from 2000 due to companywidecost containment efforts, combined with increased productivity in netadvertising expense.  The decline in SG&A expenditures resulted in adecrease in SG&A as apercentage of net sales, decreasing to 10.3% in 2001 from 11.7% in 2000. Core Business SG&A declined $12.3 million in 2001, or 15.9% primarily due tocost containment efforts and optimization of advertising expenditures. Core Business SG&A as a percentage of net sales declined to 10.4% from 11.0%in 2000.  eCOST.com SG&A decreased 50.1% in 2001, to $7.3 million, from$14.6 million in 2000, resulting primarily from reduced advertingexpenditures.  eCOST.com SG&A as a percentage of net sales declined to8.6% in 2001, versus 13.3% in 2000.  SG&A expenses for eLinux were$1.3 million in 2001, a decrease of $2.1 million, or 61.6% from $3.5 million in theprior year due primarily to reduced advertising expenditures.  As apercentage of net sales, eLinux SG&A declined to 15.9% in 2001, versus 55.6%in 2000.

Net interest expense was$0.7 million for the year ended December 31, 2001compared to $0.9 million net interest expense for the year ended December 31,2000.  The decrease was due to reduced borrowings and outstanding debtthroughout the year of 2001 versus 2000, as well as reduced borrowing rates.

No income tax provision was recorded for the year ended December 31,2001 or for the year ended December 31, 2000;  assuch, the effective tax rate was 0% for both years.

**Liquidity and Capital Resources**

The Company's primary capital need has been funding the working capitalrequirements created by its growth in sales.  Historically, the Company'sprimary sources of financing have come from cash flow from operations, public offerings and borrowings fromfinancial institutions.  Cash flows (used in)/provided by operations were$(0.2) million, $14.9million, and $(28.0) million, for 2002, 2001 and 2000,respectively.

Inventory increased $9.2 million in 2002 over prior year, and inventory turnsdecreased to 15.3 from 15.7 in 2001.  Inventory increased at the end of2002 versus 2001 as a result of strategic purchases made late in the year 2002. Accounts receivable increased $16.0 million to $54.7 million during 2002primarily from the acquisition of Wareforce and growth in sales on account fromthe Outbound telemarketing sales divisions.

Forthe year ended December 31, 2002, the Company's capital expenditureswere $3.8 million in 2002 compared to $1.3 million in 2001 and $4.4 million in 2000.The Company's primary capital needs will continue to be the funding of its workingcapital requirements for possible sales growth, possible acquisitions and newbusiness ventures.

In March 2001, the Company replaced its existing $40 million credit facilitywith a new $75 million, three-year asset-based revolving credit facility from alending unit of a large commercial bank (the "Line of Credit"). The  Line of Credit functions as a working capital line of credit with aborrowing base of inventory and accounts receivable, and bears interest at primewith a LIBOR option.  At December 31, 2002, the Prime Rate was 4.25%. The  Line of Credit is secured by substantially all ofthe Company's assets.  The  Line of Credit has as its single financialcovenant a minimum tangible net worth requirement and also includes a commitmentfee of 0.25% annually on the unused portion of the line up to $60 million. At December 31, 2002 the Company was in compliance with its covenant requirementsunder the Line of Credit. Inaddition, in March 2001, the Company entered into a new $40 million flooringcredit facility, which functions in lieu of a vendor trade payable for inventorypurchases and does not bear interest if paid within terms specific to eachvendor (the "Flooring Facility").  The  Flooring Facility issecured by substantially all of the Company's assets and is also supported by aletter of credit issued under the  Line of Credit in the amount outstandingunder the  Flooring Facility from time to time.  The amount of the letter ofcredit is applied against the credit limit under the  Line of Credit.  The Company hadno borrowings under the Flooring Facility included in accountspayable and $17.5 million of net borrowings on the Line of Credit outstanding atDecember 31, 2002.  The Company had $28.0 million available to borrow atDecember 31, 2002.  Loan availability under the Line of Credit fluctuatesdaily and is affected by many factors including eligible assets on-hand,opportunistic purchases of inventory and early pay discounts.

At December 31,2002 and 2001, the Company had cash and short-terminvestments of $11.4 million and $10.0 million, respectively, and workingcapital of $23.2 million and $17.3 million, respectively.  The Company hashistorically funded its operations through a combination of operating cash flow,current working capital and available lines of credit.  The Company believesthat current working capital, together with cash flows from operations andavailable lines of credit, will be adequate to support the Company's currentoperating plans through 2003.  However, if the Company needs extra funds, such asfor acquisitions or expansion or to fund a significant downturn in sales thatcauses losses, there are no assurances that adequate financing will be availableat acceptable terms, if at all.

In July 1996, the Company announced its plan to repurchase up to 1,000,000shares of its Common Stock. The shares will be repurchased from time to time atprevailing market prices through open market or negotiated transactions,depending upon market conditions. No limit was placed on the duration of therepurchase program. There is no guarantee as to the exact number of shares thatthe Company will repurchase. Subject to applicable securities laws, repurchasesmay be made at such times and in such amounts as the Company's management deemsappropriate. The program can also be discontinued at any time management feelsadditional purchases are not warranted.  During 2002, the Companyrepurchased 142,600 shares under the Plan, for a total of 157,600 shares as ofDecember 31, 2002.

As part of its growth strategy, the Company may, in the future, acquire othercompanies in the same or complementary lines of business, and pursue otherbusiness ventures. Any launch of a new business venture or any acquisition andthe ensuing integration of the operations of the acquired company with those ofthe Company would place additional demands on the Company's management,operating and financial resources.  

**Contractual Obligations**

The following tablesset forth the Company'sfuture contractual obligations and other commercial commitments as of December 31,2002 (in thousands):
**Contractual        obligations**TotalLess        than 1 year1-3        years4-5        yearsAfter        5 yearsLong-term        debt      $     166      $     166$              -$                -$                -Operating        leases      10,8313,209      4,8702,752-Capital        lease obligations125      125---
Total        contractual cash obligations
      $   11,122      $     3,500      $    4,870$         2,752$                -     
  
**Other      commercial commitments**
TotalLess      than 1 year1-3      years4-5      yearsAfter      5 yearsLines of      credit$   17,496$          17,496---
**Inflation**

Inflation has not had a material impact upon operating results, and theCompany does not expect it to have such an impact in the near future. There canbe no assurances, however, that the Company's business will not be so affectedby inflation.

**Impact of Recently Issued Accounting Standards**

In July 2001, theFinancial Accounting Standards Board ("FASB") issued Statement of FinancialAccounting Standard ("SFAS") No. 142, "Goodwill andOther Intangible Assets."  SFAS 142, which changes the accounting forgoodwill and indefinite-lived intangible assets from an amortization method toan impairment-only approach.  UnderSFAS 142, goodwill impairment is deemed to exist if the net book value of areporting unit exceeds its estimated fair value, including consideration of theCompany's market capitalization.  This methodology differs from theCompany's previous policy, as permitted under accounting standards existing atthat time, of using undiscounted cash flows to determine if goodwill isrecoverable.  TheCompany's reporting units are generally consistent with the operating segmentsunderlying the segments identified in Note 9 - Segment Information.

Inthe second quarter of 2002, the Company completed its assessment of the impactof SFAS 142, and, as required by the provisions of SFAS 142, effective January 1,2002, the Company recorded a one-time, non-cash charge of approximately $6.8million, net of tax, to reduce the carrying value of its goodwill. Such charge is reflected as a cumulative effect of a change in accountingprinciple in the accompanying consolidated statement of operations.

In April 2002, the FASBissued SFAS No. 145, "Rescission of FASBStatement No. 4, 44, and 64, Amendment of FASB No. 13, and Technical Correctionsas of April 2002" ("SFAS 145"). SFAS 145 rescinds FASB Statement No. 4, "ReportingGains and Losses from Extinguishment of Debt," and an amendment of thatStatement, FASB Statement No. 64, "Extinguishment of Debt Made to SatisfySinking-Fund Requirements." It also amends FASB Statement No. 13, "Accountingfor Leases," to address certain lease modifications and requires sale-leasebackaccounting for certain modifications. Adoption of SFAS 145 is required for theCompany's fiscal year beginning January 1, 2003. The adoption of SFAS 145 is notexpected to have a material impact on the Company's consolidated financialposition or results of operations.

 In June 2002, the FASB issued SFAS No. 146, "Accounting for Costs Associated with Exit orDisposal Activities" ("SFAS 146").  SFAS 146 addresses financial accounting andreporting for costs associated with exit or disposal activities and nullifiesEmerging Issues Task Force (EITF) Issue No. 94-3, "Liability Recognition forCertain Employee Termination Benefits and Other Costs to Exit an Activity(including Certain Costs Incurred in a Restructuring)." The provisions of SFAS146 are effective, on a prospective basis, for exit or disposal activitiesinitiated by the Company after December 31, 2002. The Company is in the processof assessing what impact, if any, SFAS 146 may have on its consolidated financialposition or results of operations. 

In November 2002, the FASB issued FASB Interpretation No. 45,"Guarantor's Accounting and Disclosure Requirements for Guarantees, IncludingIndirect Guarantees of Indebtedness of Others" ("FIN 45"). FIN 45 requires aguarantor to recognize a liability at the inception of a guarantee equal to thefair value of the obligation undertaken and elaborates on the disclosures to bemade by the guarantor. The disclosure requirements of FIN 45 are required forthe year ended December 31, 2002. The recognition and measurement provisions ofFIN 45 are effective, on a prospective basis, for guarantees issued by theCompany beginning in 2003. The adoption of FIN 45 is notexpected to have a material impact on the Company's consolidated financialposition or results of operations. 

 The Company has adopted the provisions of SFAS No. 148, "Accounting for Stock Based Compensation-- Transition and Disclosure" ("SFAS 148"), which amends FASB Statement No. 123,"Accounting for Stock-Based Compensation." As permitted by SFAS 148, the Companycontinues to measure compensation cost in accordance with Accounting PrinciplesBoard Opinion No. 25, "Accounting for Stock Issued to Employees" ("APB 25") andrelated interpretations, but provides pro forma disclosures of net income andearnings per share as if the fair-value method had been applied. The disclosuresrequired by SFAS 123 have been included in Note 7 in the Notes to theconsolidated financial statements.

In August 2001, the FASB issued SFAS No. 144,"Accounting for the Impairment of Long-Lived Assets."  SFASNo.144 supercedes SFAS No. 121," Accounting for the Impairment of Long-LivedAssets and Long-Lived Assets to be Disposed Of" and APB Opinion No. 30, "ReportingExtraordinary, Unusual and Infrequently Occurring Events and Transactions"and amends APB No. 51, "Consolidated Financial Statements."  ThisStatement was issued to address the accounting for a segment of a businessaccounted for as a discontinued operation under APB No. 30 and to establish asingle accounting model based on the framework established in SFAS No. 121, forlong-lived assets to be disposed of by sale.  The Statement is effectivefor the Company effective January 1, 2002.  The adoption of this Statementdid not have a material impact on the Company's consolidated financialstatements.

In November 2002, the FASB issued EITFNo. 02-16, "Accounting by a Customer (Including a Reseller) for CertainConsideration Received from a Vendor" ("EITF 02-16"). EITF 02-16 requires thatconsideration received by a customer from a vendor is presumed to be considered(a) an adjustment of the prices of the vendor's products or services andtherefore, characterized as a reduction of cost of sales when recognized in thereseller's statement of operations, (b) an adjustment to a cost incurred by thereseller and, therefore, characterized as a reduction of that cost whenrecognized in the reseller's statement of operations, or (c) a payment forassets or services delivered to the vendor, and therefore, characterized asrevenue when recognized in the reseller's statement of operations. Adoption ofEITF 02-16 is required for the Company beginning January 1, 2003. The Company isin the process of assessing what impact, if any, EITF 02-16 may have on itsconsolidated financial position or results of operations.

**ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK**

The Company's financial instruments include cash and long-term debt. At March27, 2003, the carrying values of the Company's financial instrumentsapproximated their fair values based on current market prices and rates.

The Company has exposure to the risks offluctuating interest rates on its Line of Credit.  The variable interestrate on the Line of Credit is tied to the prime rate or the London interbank offeredrate at the discretion of the Company.  If the variable rate on the Line of Credit changes, the Company may berequired to pay more interest.  The Company believes that the effect of anychange in interest rates will not be material to the Company's financialposition.

It is the Company's policy not to enter into derivative financialinstruments. The Company does not have any significant foreign currency exposuresince it does not transact business in foreign currencies. Therefore, theCompany does not have significant overall currency exposure at December 31,2002.

**ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA**

The information required by this item is contained in the financialstatements listed in Item 15 (a) under the caption "Consolidated FinancialStatements" and commencing on page F-1 of this Report.

**ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING ANDFINANCIAL DISCLOSURE**

None.

**PART III **

**ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT**

 Information regarding directors of the Company is set forth under thecaption "Election of Directors," in the Company's definitive ProxyStatement to be filed in connection with its 2003 Annual Meeting of Stockholdersand such information is incorporated herein by reference. A list of executiveofficers of the Company is included in Part I of this report.

**ITEM 11. EXECUTIVE COMPENSATION** 

The information required by this item is set forth under the caption"Executive Compensation and Other Information" and "Election ofDirectors - Compensation of Directors" in the Company's definitive ProxyStatement to be filed in connection with its 2003 Annual Meeting of Stockholdersand such information is incorporated herein by reference.

**ITEM12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT**

The information required by this item is set forth under the caption"Security Ownership of Certain Beneficial Owners and Management" and"Equity Compensation Plan Information" inthe Company's definitive Proxy Statement to be filed in connection with its 2003Annual Meeting of Stockholders and such information is incorporated herein byreference.

**ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS**

The information required by this item is set forth under the captions"Certain Relationships and Related Transactions" and"Compensation Committee Interlocks and Insider Participation" in theCompany's definitive Proxy Statement to be filed in connection with its 2003 Annual Meeting of Stockholders and such information is incorporated herein byreference.

**ITEM 14.CONTROLS AND PROCEDURES**

Within the 90 days prior to the filing ofthis report, the Company carried out an evaluation, under the supervision and with theparticipation of its Chief Executive Officer and Chief Financial Officer, of theeffectiveness of the design and operation of its disclosure controls andprocedures.  Based on this evaluation, its Chief Executive Officer andChief Financial Officer concluded that the Company's disclosure controls and proceduresare adequate and effective in timely alerting them to material information required to beincluded in this report.  It should be noted that the design of any systemof controls is based in part upon certain assumptions about the likelihood offuture events, and there can be no assurance that any design will succeed inachieving its stated goals under all potential future conditions, regardless ofhow remote.

There have been no significant changes inthe Company's internal controls or in other factors which could significantlyaffect internal controls subsequent to the Company's most recent evaluation ofthe internalcontrols.

**PART IV**

** ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS ONFORM 8-K**

 The following consolidated financial statements of theCompany are filed as part of this report:

(a) (1) Consolidated Financial Statements.  See Consolidated Financial  Statements beginning on page F-2.

      (2) Financial Statement  Schedules.  See Schedule II, Valuation and Qualifying Accounts in the Consolidated Financial Statements.

      (3) Exhibits.

      The following exhibits are  filed or incorporated by reference as part of this report:

Exhibit          Number

                                         Description
3.1

Certificate of Incorporation          of the Company (1)

3.1(A)
Certificate of Amendment of          Certificate of Incorporation, dated June 1, 2000 (13)
3.1(B)
Certificate of Amendment of          Certificate of Incorporation, dated June 19, 2001 (14)
3.1(C)
Amended and Restated Certificate of Incorporation,        filed with the Delaware Secretary of State on November 13, 2002 (16)
3.2   
Amended and Restated Bylaws          of the Company (13)
10.1*

Amended and Restated 1994          Stock Incentive Plan (amended as of June 19, 2002) (17)

10.2*
Employment Agreement dated          January 1, 1995, between Creative Computers, Inc. and Frank F. Khulusi          (1) 
10.4*
Employment Agreement dated          January 1, 1994, between Creative Computers, Inc. and Dan DeVries (1) 
10.18*
Directors' Non-Qualified          Stock Option Plan, amended and restated as of May 18, 1999 (7)
10.25   
Industrial Lease Agreement          between Corporate Estates, Inc. and Creative Computers, Inc. dated          September 15, 1995 for the premises located at 4515 E. Shelby Drive,          Memphis, Tennessee, filed in connection with the Company's 10-Q for          the quarter ended September 30, 1995 (4)
10.28
Authorized Apple Dealer U.S.          Sales Agreement dated August 29, 1996; Authorized Apple Catalog          Reseller Sales Agreement dated August 29, 1996; Dealer Apple          Authorized Service Provider Agreement dated August 29, 1996; Apple          Corporate Alliance Program Addendum to the Authorized Apple Dealer          Sales Agreement dated August 29, 1996 (4)
10.35
Separation and Distribution          Agreement by and between Creative Computers, Inc. and uBid, Inc.,          dated as of December 7, 1998, as amended (7)
10.37(A)
Tax Indemnification and          Allocation Agreement by and between Creative Computers, Inc. and uBid,          Inc., dated as of December 7, 1998, as amended (8)
10.37(B)
Amendment No. 1 to the Tax          Indemnification and Allocation Agreement by and among uBid, Creative          Computers and CMGI, Inc., dated as of February 9, 2000 (9)
10.38
Sublease Agreement between          Creative Computers, Inc. and uBid, Inc., dated as of July 1, 1998 (6)
10.41(A)
Sublease Agreement between          Creative Computers, Inc. and uBid, Inc., dated as of December 1, 1999 (12)
10.41(B)
Amendment No. 1          to the Sublease Agreement between the Company and uBid, Inc., dated as of          February 1, 2001 (18)
10.43
Loan and Security Agreement,          dated March 7, 2001, between Congress Financial Corporation and          IdeaMall, Inc. and Subsidiaries (13)
10.44
Agreement for Wholesale          Financing dated March 15, 2001, between Deutsche Financial Services          and IdeaMall, Inc. and Subsidiaries (13)
10.45*
Employment          Agreement dated January 20, 2000 between the Company and Kristin M.          Rogers. (18)
10.46
Form of Lease Agreement between        the Company and Anderson-Tully Company, dated April 6, 2002 for the        premises located at 4715 E. Shelby Drive, Memphis, TN. (15)
10.47

First Amendment to Loan and        Security Agreement and Other Financing Agreements, dated as of August        23, 2002, among Congress Financial Corporation (Western), the Registrant        and certain subsidiaries of the Registrant. (16)
10.48

Form of Indemnification Agreement between the Registrant        and each of its directors and executive officers.
21.1       
Subsidiaries 
23.1       
Consent of          PricewaterhouseCoopers LLP
99.1       
Certification of the Chief        Executive Officer of Registrant pursuant to 18 U.S.C. 1350, as adopted        by Section 906 of the Sarbanes-Oxley Act of 2002
99.2       
Certification of the Chief        Financial Officer of Registrant pursuant to 18 U.S.C. 1350, as adopted        by Section 906 of the Sarbanes-Oxley Act of 2002            
(1)
Incorporated by          reference to the Company's Registration Statement on Form S-1          (33-89572) declared effective on April 4, 1995.
(2)
Intentionally          omitted.
(3)
Intentionally          omitted.
(4)
Incorporated by reference to          the Company's 1996 Form 10-K, filed with the Commission on March 31,          1997.
(5)
Intentionally omitted.
(6)
Incorporated by reference to          the Registration Statement on Form S-1 of uBid,          Inc. (File No. 333-58477), on file with the Commission.
(7)
Incorporated by reference to          the Company's Report on Form 10-Q for the quarter ended June 30,          1999, filed with the Commission on August 16, 1999.
(8)
Incorporated by reference to          the Company's Report on Form 10-Q for the quarter ended March 31,          1999, filed with the Commission on May 17, 1999.
(9)
Incorporated by reference to          the Annual Report on 10-K of uBid, Inc. (Commission File No.          000-25119) for the year ended December 31, 1999.
(10)
Intentionally          omitted.
(11)
Intentionally          omitted.
(12)
Incorporated by reference to          the Company's Annual Report on Form 10-K, File Number 0-25790, for          the year ended December 31, 1999, filed with the Commission on March          30, 2000.
(13)
Incorporated by reference to          the Company's Annual Report on Form 10-K, File Number 0-25790, for          the year ended December 31, 2000, filed with the Commission on March          30, 2001.  
(14)
        Incorporated by reference to the Company's Report on Form 10-Q for          the quarter ended June 30, 2001, filed with the Commission on August          14, 2001.  
(15)
Incorporated by reference to the        Company's Report on Form 10-Q for the quarter ended March 31, 2002, filed with the Commission on        May 15,2002.  
(16)
Incorporated by reference to the        Company's Report on Form 10-Q for the quarter ended September 30, 2002, filed with the Commission on        November 14, 2002.  
(17)
Incorporated by reference to the        Company's Definitive Proxy Statement for the 2002 Annual Meeting of        Shareholders, filed with the Commission on June 24, 2002
(18)
Incorporated by reference to the Company's Annual Report on Form 10-K, FileNumber 0-25790, for the year ended December 31, 2001, filed with the Commissionon April 1, 2002. 
        *The referenced exhibit is a compensatory contract, plan or arrangement.

 (b)   Reports on Form 8-K:

None.

 

**PCMALL, INC.**

**INDEXTO CONSOLIDATED FINANCIAL STATEMENTS**

 
Financial Statements and Supplementary      DataReport of Independent AccountantsF-2Consolidated Balance Sheet at December 31,      2002 and 2001F-3Consolidated Statement of Operations for the      Years Ended December 31, 2002, 2001 and 2000F-4Consolidated Statement of Stockholders'      Equity for the Years Ended December 31, 2002, 2001, and 2000F-5Consolidated Statement of Cash Flows for the      Years Ended December 31, 2002, 2001 and 2000F-6Notes to Consolidated Financial StatementsF-7Quarterly Financial Information (unaudited)F-8Financial Statement ScheduleSchedule II - Valuation and Qualifying AccountsF-9
All other schedules are      omitted since the required information is not present or is not present in      amounts sufficient to require submission of the schedule, or because the      information required is included in the consolidated financial statements      and notes thereto.

F-1

 

**REPORT OF INDEPENDENT ACCOUNTANTS**

**To the Board of Directors and Stockholders of PC Mall, Inc.**

In ouropinion, the consolidated financial statements listed in the accompanying indexpresent fairly, in all material respects, the financial position of PC Mall,Inc. and its subsidiaries at December 31, 2002 and 2001, and the results oftheir operations and their cash flows for each of the three years in the periodended December 31, 2002 in conformity with accounting principles generallyaccepted in the United States of America. In addition, in our opinion, thefinancial statement schedule listed in the accompanying index presents fairly,in all material respects, the information set forth therein when read inconjunction with the related consolidated financial statements. These financialstatements and financial statement schedule are the responsibility of theCompany's management; our responsibility is to express an opinion on thesefinancial statements and financial statement schedule based on our audits. Weconducted our audits of these statements in accordance with auditing standardsgenerally accepted in the United States of America, which require that we planand perform the audit to obtain reasonable assurance about whether the financialstatements are free of material misstatement. An audit includes examining, on atest basis, evidence supporting the amounts and disclosures in the financialstatements, assessing the accounting principles used and significant estimatesmade by management, and evaluating the overall financial statement presentation.We believe that our audits provide a reasonable basis for our opinion.

 

Asdiscussed in Note 1 to the consolidated financial statements, effective January1, 2002, the Company adopted Statement of Financial Accounting Standards No.142, "Goodwill and Other Intangible Assets." Also, as discussed in Note 1 to theconsolidated financial statements, the Company changed its method of revenuerecognition in 2000.

 

/s/ PRICEWATERHOUSECOOPERSLLP

Los Angeles, California

February 3, 2003

 

F-2

**PC MALL, INC.**** |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|