Attached files
file | filename |
---|---|
8-K - FORM 8-K - KUSHNER LOCKE CO | v54662e8vk.htm |
EX-99.2 - EX-99.2 - KUSHNER LOCKE CO | v54662exv99w2.htm |
EX-99.3 - EX-99.3 - KUSHNER LOCKE CO | v54662exv99w3.htm |
Exhibit 99.1
UNITED STATES DEPARTMENT OF JUSTICE
OFFICE OF THE UNITED STATES TRUSTEE
CENTRAL DISTRICT OF CALIFORNIA
OFFICE OF THE UNITED STATES TRUSTEE
CENTRAL DISTRICT OF CALIFORNIA
In Re:
|
CHAPTER 11 (BUSINESS) | |||||||
The Kushner-Locke Company |
||||||||
Case Number: | Case No. LA 01-44828-SB | |||||||
Operating Report Number: | 94 | |||||||
Debtor(s). | For the Month Ending: | 8/31/2009 |
I. CASH RECEIPTS AND DISBURSEMENTS
A. (GENERAL ACCOUNT*)
A. (GENERAL ACCOUNT*)
1. TOTAL RECEIPTS PER ALL PRIOR GENERAL ACCOUNT REPORTS
|
11,198,438.72 | |||||||
2. LESS: TOTAL DISBURSEMENTS PER ALL PRIOR GENERAL ACCOUNT REPORTS
|
10,885,271.40 | |||||||
3. BEGINNING BALANCE:
|
313,167.32 | |||||||
4. RECEIPTS DURING CURRENT PERIOD: |
||||||||
Accounts Receivable Post-filing |
||||||||
Accounts Receivable Pre-filing |
||||||||
General Sales |
||||||||
Other (Specify) Internal Transfers
|
85,000.00 | |||||||
**Other (Specify) |
||||||||
TOTAL RECEIPTS THIS PERIOD:
|
85,000.00 | |||||||
5. BALANCE:
|
398,167.32 | |||||||
6. LESS: TOTAL DISBURSEMENTS DURING CURRENT PERIOD |
||||||||
Transfers to Other DIP Accounts (from
page 2)
|
0.00 | |||||||
Disbursements (from page 2)
|
82,142.02 | |||||||
TOTAL DISBURSEMENTS THIS PERIOD:***
|
82,142.02 | |||||||
7. ENDING BALANCE:
|
316,025.30 | |||||||
8. General Account Number(s):
|
1891935460 | |||||||
Comerica Bank | ||||||||
Depository Name & Location:
|
Los Angeles, CA |
* | All receipts must be deposited into the general account. | |
** | Include receipts from the sale of any real or personal property out of the ordinary course of business; attach an exhibit specifying what was sold, to whom, terms, and date of Court Order or Report of Sale. | |
*** | This amount should be the same as the total from page 2. |
Page 1 of 16
TOTAL DISBURSEMENTS FROM GENERAL ACCOUNT FOR CURRENT PERIOD
Date | Check | *Amount | **Amount | |||||||||||||||||
mm/dd/yyyy | Number | Payee or DIP account | Purpose | Transfered | Disbursed | Amount | ||||||||||||||
08/07/2009
|
Wire | ADP | Payroll Fees | 86.30 | 86.30 | |||||||||||||||
08/11/2009
|
Wire | Payroll Tax | Payroll | 5,288.50 | 5,288.50 | |||||||||||||||
08/11/2009
|
8607 | Payroll | Payroll | 1,379.03 | 1,379.03 | |||||||||||||||
08/11/2009
|
8608 | Payroll | Payroll | 7,504.52 | 7,504.52 | |||||||||||||||
08/11/2009
|
8609 | Payroll | Payroll | 2,788.12 | 2,788.12 | |||||||||||||||
08/13/2009
|
Wire | Comerica Bank | Bank Fee | 293.89 | 293.89 | |||||||||||||||
08/13/2009
|
1484 | Anthem Blue Cross | Insurance | 2,484.00 | 2,484.00 | |||||||||||||||
08/13/2009
|
1485 | Bonded Services | Storage | 4,000.00 | 4,000.00 | |||||||||||||||
08/13/2009
|
1486 | Recall | Storage | 918.84 | 918.84 | |||||||||||||||
08/13/2009
|
1487 | Xerox | Office Supplies | 22.49 | 22.49 | |||||||||||||||
08/21/2009
|
Wire | ADP | Payroll Fees | 106.30 | 106.30 | |||||||||||||||
08/21/2009
|
1488 | Alice Neuhauser Expenses | Phone / Internet / Parking | 441.02 | 441.02 | |||||||||||||||
08/21/2009
|
1489 | Arrowhead | Office Supplies | 16.10 | 16.10 | |||||||||||||||
08/21/2009
|
1490 | AT & T | Internet | 86.16 | 86.16 | |||||||||||||||
08/21/2009
|
1491 | Blue Shield | Insurance | 319.00 | 319.00 | |||||||||||||||
08/21/2009
|
1492 | Federal Express | Shipping | 26.29 | 26.29 | |||||||||||||||
08/21/2009
|
1493 | New Beginnings Enterprises | Rent / Parking | 4,896.51 | 4,896.51 | |||||||||||||||
08/21/2009
|
1494 | Alice Neuhauser Expenses | Health | 69.22 | 69.22 | |||||||||||||||
08/21/2009
|
1495 | AT & T | Telepone | 291.67 | 291.67 | |||||||||||||||
08/25/2009
|
Wire | Payroll Tax | Payroll | 5,441.91 | 5,441.91 | |||||||||||||||
08/25/2009
|
8610 | Payroll | Payroll | 1,379.02 | 1,379.02 | |||||||||||||||
08/25/2009
|
8611 | Payroll | Payroll | 7,693.51 | 7,693.51 | |||||||||||||||
08/25/2009
|
8612 | Payroll | Payroll | 2,788.12 | 2,788.12 | |||||||||||||||
08/28/2009
|
Wire | ADP | Payroll Fees | 83.20 | 83.20 | |||||||||||||||
08/28/2009
|
1496 | Kevin Marino Expenses | Office Supplies | 299.69 | 299.69 | |||||||||||||||
08/28/2009
|
1497 | Stutman Treister & Glatt | Legal Fees | 33,438.61 | 33,438.61 | |||||||||||||||
TOTAL DISBURSEMENTS THIS PERIOD: | 0.00 | 82,142.02 | $ | 82,142.02 | ||||||||||||||||
* | Fill in amounts in this column if they are TRANSFERS to another DIP account (e.g. Payroll or Tax); the amount column will be filled in for you. | |
** | Fill in amounts in this column if they are DISBURSEMENTS to outside payees; the amount column will be filled in for you. |
Page 2 of 16
GENERAL ACCOUNT
BANK RECONCILIATION
BANK RECONCILIATION
Bank statement Date: | 8/31/2009 | Balance on Statement: | $ | 349,463.91 | ||||||||||
Plus deposits in transit (a): |
||||||||||||||
Deposit Date | Deposit Amount | |||||||||||||
TOTAL DEPOSITS IN TRANSIT
|
0.00 | |||||||||||||
Less Outstanding Checks (a): |
||||||||||||||
Check Number | Check Date | Check Amount | ||||||||||||
1497 | 8/28/2009 | $ | 33,438.61 | |||||||||||
TOTAL OUTSTANDING CHECKS:
|
33,438.61 | |||||||||||||
Bank statement Adjustments: |
||||||||||||||
Explanation of Adjustments- |
||||||||||||||
ADJUSTED BANK BALANCE:
|
$ | 316,025.30 | ||||||||||||
* | It is acceptable to replace this form with a similar form | |
** | Please attach a detailed explanation of any bank statement adjustment ck |
Page 3 of 16
UNITED STATES DEPARTMENT OF JUSTICE
OFFICE OF THE UNITED STATES TRUSTEE
CENTRAL DISTRICT OF CALIFORNIA
OFFICE OF THE UNITED STATES TRUSTEE
CENTRAL DISTRICT OF CALIFORNIA
In Re:
|
CHAPTER 11 (BUSINESS) | |||||||
The Kushner-Locke Company | ||||||||
Case Number: | Case No. LA 01-44828-SB | |||||||
Operating Report Number: | 94 | |||||||
Debtor(s). | For the Month Ending: | 8/31/2009 |
I. CASH RECEIPTS AND DISBURSEMENTS
A. (COLLATERAL ACCOUNT*)
A. (COLLATERAL ACCOUNT*)
1. TOTAL RECEIPTS PER ALL PRIOR GENERAL ACCOUNT REPORTS | 12,043,050.24 | |||||||||||
2. LESS: TOTAL DISBURSEMENTS PER ALL PRIOR GENERAL ACCOUNT REPORTS | 11,400,594.62 | |||||||||||
3. BEGINNING BALANCE: | 642,455.62 | |||||||||||
4. RECEIPTS DURING CURRENT PERIOD: | ||||||||||||
Accounts Receivable Post-filing
|
41,504.25 | |||||||||||
Accounts Receivable Pre-filing
|
||||||||||||
General Sales
|
||||||||||||
Other (Specify)
|
Interest | 57.67 | ||||||||||
**Other (Specify)
|
||||||||||||
TOTAL RECEIPTS THIS PERIOD:
|
41,561.92 | |||||||||||
5. BALANCE: | 684,017.54 | |||||||||||
6. LESS: TOTAL DISBURSEMENTS DURING CURRENT PERIOD | ||||||||||||
Transfers to Other DIP Accounts (from page 2)
|
85,000.00 | |||||||||||
Disbursements (from page 2)
|
||||||||||||
TOTAL DISBURSEMENTS THIS PERIOD:***
|
85,000.00 | |||||||||||
7. ENDING BALANCE: | 599,017.54 | |||||||||||
8. General Account Number(s):
|
323-221-556 | |||||||||||
JP Morgan Chase | ||||||||||||
Depository Name & Location:
|
New York, NY |
* | All receipts must be deposited into the general account. | |
** | Include receipts from the sale of any real or personal property out of the ordinary course of business; attach an exhibit specifying what was sold, to whom, terms, and date of Court Order or Report of Sale. | |
*** | This amount should be the same as the total from page 2. |
Page 4 of 16 |
TOTAL DISBURSEMENTS FROM COLLATERAL ACCOUNT FOR CURRENT PERIOD
Date | Check | *Amount | **Amount | |||||||||||||||
mm/dd/yyyy | Number | Payee or DIP account | Purpose | Transfered | Disbursed | Amount | ||||||||||||
8/17/2009
|
Wire | Kushner-Locke | Internal Transfer | 35,000.00 | 35,000.00 | |||||||||||||
8/28/2009
|
Wire | Kushner-Locke | Internal Transfer | 50,000.00 | 50,000.00 | |||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
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0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
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0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
TOTAL DISBURSEMENTS THIS PERIOD:
|
85,000.00 | 0.00 | $ | 85,000.00 | ||||||||||||||
* | Fill in amounts in this column if they are TRANSFERS to another DIP account (e.g. Payroll or Tax); the amount column will be filled in for you. | |
** | Fill in amounts in this column if they are DISBURSEMENTS to outside payees; the amount column will be filled in for you. |
Page 5 of 16 |
COLLATERAL ACCOUNT
BANK RECONCILIATION
BANK RECONCILIATION
Bank statement Date: | 8/31/2009 | Balance on Statement: | $ | 599,017.54 | ||||||
Plus deposits in transit (a): | ||||||||||
Deposit Date | Deposit Amount | |||||||||
TOTAL DEPOSITS IN TRANSIT | 0.00 | |||||||||
Less Outstanding Checks (a): | ||||||||||
Check Number | Check Date | Check Amount | ||||||||
TOTAL OUTSTANDING CHECKS: | 0.00 | |||||||||
Bank statement Adjustments: | ||||||||||
Explanation of Adjustments- | ||||||||||
ADJUSTED BANK BALANCE: | $ | 599,017.54 | ||||||||
* | It is acceptable to replace this form with a similar form | |
** | Please attach a detailed explanation of any bank statement adjustment |
Page 6 of 16
UNITED STATES DEPARTMENT OF JUSTICE
OFFICE OF THE UNITED STATES TRUSTEE
CENTRAL DISTRICT OF CALIFORNIA
OFFICE OF THE UNITED STATES TRUSTEE
CENTRAL DISTRICT OF CALIFORNIA
In Re:
|
CHAPTER 11 (BUSINESS) | |||||
The Kushner-Locke Company |
||||||
Case Number: | Case No. LA 01-44828-SB | |||||
Operating Report Number: | 94 | |||||
Debtor(s). | For the Month Ending: | 8/31/2009 |
I. CASH RECEIPTS AND DISBURSEMENTS
A. (COLLECTION ACCOUNT*)
A. (COLLECTION ACCOUNT*)
1. TOTAL RECEIPTS PER ALL PRIOR GENERAL ACCOUNT REPORTS |
1,302,570.28 | |||||||
2. LESS: TOTAL DISBURSEMENTS PER ALL PRIOR GENERAL ACCOUNT REPORTS |
51,487.80 | |||||||
3. BEGINNING BALANCE: |
1,251,082.48 | |||||||
4. RECEIPTS DURING CURRENT PERIOD: |
||||||||
Accounts Receivable Post-filing |
0.00 | |||||||
Accounts Receivable Pre-filing |
||||||||
General Sales |
||||||||
Other (Specify) |
0.00 | |||||||
**Other (Specify) |
||||||||
TOTAL RECEIPTS THIS PERIOD: |
0.00 | |||||||
5. BALANCE: |
1,251,082.48 | |||||||
6. LESS: TOTAL DISBURSEMENTS DURING CURRENT PERIOD |
||||||||
Transfers to Other DIP Accounts (from page 2) |
0.00 | |||||||
Disbursements (from page 2) |
50.00 | |||||||
TOTAL DISBURSEMENTS THIS PERIOD:*** |
50.00 | |||||||
7. ENDING BALANCE: |
1,251,032.48 | |||||||
8. General Account Number(s): |
112391673 | |||||||
Depository Name & Location: |
City National Bank | |||||||
Beverly Hills, CA |
* | All receipts must be deposited into the general account. | |
** | Include receipts from the sale of any real or personal property out of the ordinary course of business; attach an exhibit specifying what was sold, to whom, terms, and date of Court Order or Report of Sale. | |
*** | This amount should be the same as the total from page 2. |
Page 7 of 16
TOTAL DISBURSEMENTS FROM COLLECTION ACCOUNT FOR CURRENT PERIOD
Date | Check | *Amount | **Amount | |||||||||||||||||||||
mm/dd/yyyy | Number | Payee or DIP account | Purpose | Transfered | Disbursed | Amount | ||||||||||||||||||
08/31/2009 |
Fee |
City National Bank | Bank Fee | $ | 50.00 | 50.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||||||||
0.00 | ||||||||||||||||||||||||
0.00 | ||||||||||||||||||||||||
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0.00 | ||||||||||||||||||||||||
TOTAL DISBURSEMENTS THIS PERIOD: |
0.00 | 50.00 | $ | 50.00 |
* | Fill in amounts in this column if they are TRANSFERS to another DIP account (e.g. Payroll or Tax); the amount column will be filled in for you. | |
** | Fill in amounts in this column if they are DISBURSEMENTS to outside payees; the amount column will be filled in for you. |
Page 8 of 16
COLLECTION ACCOUNT
BANK RECONCILIATION
BANK RECONCILIATION
Bank statement Date: | 8/31/2009 | Balance on Statement: | $ | 1,251,032.48 | ||||||||||||
Plus deposits in transit (a): |
||||||||||||||||
Deposit Date | Deposit Amount | |||||||||||||||
TOTAL DEPOSITS IN TRANSIT |
0.00 | |||||||||||||||
Less Outstanding Checks (a): |
||||||||||||||||
Check Number | Check Date | Check Amount | ||||||||||||||
TOTAL OUTSTANDING CHECKS: |
0.00 | |||||||||||||||
Bank statement Adjustments: |
||||||||||||||||
Explanation of Adjustments- |
||||||||||||||||
ADJUSTED BANK BALANCE: |
$ | 1,251,032.48 | ||||||||||||||
* | It is acceptable to replace this form with a similar form | |
** | Please attach a detailed explanation of any bank statement adjustment |
Page 9 of 16
I. D SUMMARY SCHEDULE OF CASH
ENDING BALANCES FOR THE PERIOD: 08/01/09-08/31/09 | ||||||||||||
(Provide a copy of monthly account statements for each of the below) | ||||||||||||
General Account: | 316,025.30 | |||||||||||
Collateral Account: | 599,017.54 | |||||||||||
Collection Account: | 1,251,032.48 | |||||||||||
*Other Accounts: | ||||||||||||
Bank of Scotland
Pinocchio
|
Time Deposit | 219,122.20 | Currency: GBP | |||||||||
Bank of Scotland Basil
|
Time Deposit | 247,332.25 | Currency: GBP | |||||||||
Edge Entertainment
|
172.89 | |||||||||||
KL- PWI account
|
731.10 | |||||||||||
BLT Venture
|
JV Account | 71,485.48 | ||||||||||
BLT Venture
|
JV Account | 330.45 | ||||||||||
KL\7 Venture
|
JV Account | 39,997.94 | ||||||||||
Denial Venture
|
JV Account | 244,926.92 | ||||||||||
Cracker LLC
|
JV Account | 15,569.01 | ||||||||||
Swing
|
JV Account | 13,031.13 | ||||||||||
*Other Monies: | ||||||||||||
**Petty Cash (from below): | 0.00 | |||||||||||
TOTAL CASH AVAILABLE: | 3,018,774.69 | |||||||||||
Petty Cash Transactions:
Date | Purpose | Amount | ||||||||||
TOTAL PETTY CASH TRANSACTIONS: |
0.00 | |||||||||||
* | Specify the Type of holding (e.g. CD, Savings Account, Investment Security), and the depository name, location & account# | |
** | Attach Exhibit Itemizing all petty cash transactions |
Page 10 of 16
II. STATUS OF PAYMENTS TO SECURED CREDITORS, LESSORS
AND OTHER PARTIES TO EXECUTORY CONTRACTS
AND OTHER PARTIES TO EXECUTORY CONTRACTS
Post-Petition | ||||||||||||||||
Frequency of | payments not made | |||||||||||||||
Creditor, Lessor, Etc. | Payments (Mo/Qtr) | Amount of Payment | (Number) | Total Due | ||||||||||||
TOTAL DUE: | 0.00 | |||||||||||||||
III. TAX LIABILITIES
FOR THE REPORTING PERIOD:
Gross Sales Subject to Sales Tax: | ||||||||||||||||
Total Wages Paid: | ||||||||||||||||
Total Post-Petition | Date Delinquent | |||||||||||
Amounts Owing | Amount Delinquent | Amount Due | ||||||||||
Federal Withholding | ||||||||||||
State Withholding | ||||||||||||
FICA- Employers Share | ||||||||||||
FICA- Employees Share | ||||||||||||
Federal Unemployment | ||||||||||||
Sales and Use | ||||||||||||
Real Property | ||||||||||||
Other: |
||||||||||||
TOTAL: | 0.00 | 0.00 | ||||||||||
Page 11 of 16
IV. AGING OF ACCOUNTS PAYABLE AND RECEIVABLE
*Accounts Payable | Accounts Receivable | |||||||||||
Post-Petition | Pre-Petition | Post-Petition | ||||||||||
30 days or less |
6,247.95 | 551,661.12 | ||||||||||
31 - 60 days |
||||||||||||
61 - 90 days |
||||||||||||
91 - 120 days |
||||||||||||
Over 120 days |
||||||||||||
TOTAL: |
6,247.95 | 0.00 | 551,661.12 | |||||||||
V. INSURANCE COVERAGE
Amount of | Policy Expiration | Premium Paid | ||||||||||||||||||
Name of Carrier | Coverage | Date | Through (Date) | |||||||||||||||||
Commercial Package | St. Paul Travelers | 2,000,000.00 | 2/14/2010 | 2/14/2010 | ||||||||||||||||
Workers Compensation | St. Paul Travelers | 1,000,000.00 | 1/14/2010 | 1/14/2010 | ||||||||||||||||
E & O | St. Paul Travelers | 3,000,000.00 | 3/3/2010 | 3/3/2010 | ||||||||||||||||
Others: |
VI. UNITED STATES TRUSTEE QUARTERLY FEES
(TOTAL PAYMENTS)
(TOTAL PAYMENTS)
Quarterly Period | Total | |||||||||||||||||||
Ending (Date) | Disbursements | Quarterly Fees | Date Paid | Amount Paid | Quarterly Fees Still Owing | |||||||||||||||
11/01-12/08 | 10,014,342.17 | 78,650.00 | 83,975.00 | (5,325.00 | ) | |||||||||||||||
31-Mar-2009 | 295,493.00 | 1,950.00 | apply credit |
1,950.00 | ||||||||||||||||
30-Jun-2009 | 215,093.50 | 1,625.00 | apply credit |
1,625.00 | ||||||||||||||||
0.00 | ||||||||||||||||||||
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0.00 | ||||||||||||||||||||
0.00 | ||||||||||||||||||||
82,225.00 | 83,975.00 | (1,750.00 | ) | |||||||||||||||||
* | Post-Petition Accounts Payable SHOULD NOT include professionals fees and expenses which have been incurred but not yet awarded by the court. Post-Petition Accounts Payable SHOULD include professionals fees and expenses authorized by Court Order but which remain unpaid as of the close of the period report |
Page 12 of 16
VII SCHEDULE OF COMPENSATION PAID TO INSIDERS
Date of Order | Gross Compensation | |||||||||||
Authorizing | * Authorized Gross | Paid During the | ||||||||||
Name of Insider | Compensation | Compensation | Month | |||||||||
VIII. SCHEDULE OF OTHER AMOUNTS PAID TO INSIDERS
Date of Order | Amount | |||||||||||
Authorizing | Paid During | |||||||||||
Name of Insider | Compensation | Description | the Month | |||||||||
* | Please indicate how compensation was identified in the order (e.g. $1,000/week, $2,500/month) |
Page 13 of 16
IX. PROFIT AND LOSS STATEMENT
(ACCRUAL BASIS ONLY)
(ACCRUAL BASIS ONLY)
Aug 09 | ||||
Ordinary Income/Expense |
||||
Income |
||||
KL International Sales |
5,500.00 | |||
Royalties |
4,004.25 | |||
Total Income |
9,504.25 | |||
Gross Profit |
9,504.25 | |||
Expense |
||||
Bank Service Charges |
||||
City National Service Charge |
50.00 | |||
Comerica Sevice Charge |
293.89 | |||
Total Bank Service Charges |
343.89 | |||
Copy Machine |
22.49 | |||
Delivery & Distribution Expense |
||||
Shipping |
26.29 | |||
Total Delivery & Distribution Expense |
26.29 | |||
Insurance |
||||
Dental |
319.00 | |||
Health |
2,484.00 | |||
Total Insurance |
2,803.00 | |||
Office Supplies |
315.79 | |||
Parking |
660.00 | |||
Payroll |
||||
Payroll cost Employees |
12,007.13 | |||
Payroll Fee |
275.80 | |||
Responsible Officer |
22,255.60 | |||
Total Payroll |
34,538.53 | |||
Professional Fees |
||||
Legal Fees |
2,327.79 | |||
Total Professional Fees |
2,327.79 | |||
Rent |
9,133.02 | |||
Storage |
4,918.84 | |||
Total Expense |
55,089.64 | |||
Net Ordinary Income |
-45,585.39 | |||
Other Income/Expense |
||||
Other Income |
||||
Interest Income |
57.67 | |||
Total Other Income |
57.67 | |||
Net Other Income |
57.67 | |||
Net Income |
-45,527.72 | |||
Page 14 of 16
X. BALANCE SHEET
(ACCRUAL BASIS ONLY)
(ACCRUAL BASIS ONLY)
Aug 31, 09 | ||||
ASSETS |
||||
Current Assets |
||||
Checking/Savings |
||||
City National Collection Acco |
1,251,032.48 | |||
Comerica DIP |
316,025.30 | |||
Due from Vision/to Vision |
9,209.62 | |||
KL Cash Collateral JP Morgan |
599,017.54 | |||
Total Checking/Savings |
2,175,284.94 | |||
Accounts Receivable |
||||
AR BL |
15,000.00 | |||
AR Global Media |
225,000.00 | |||
AR KL |
258,333.35 | |||
AR Vision |
53,327.77 | |||
Total Accounts Receivable |
551,661.12 | |||
Total Current Assets |
2,726,946.06 | |||
TOTAL ASSETS |
2,726,946.06 | |||
LIABILITIES & EQUITY |
||||
Liabilities |
||||
Current Liabilities |
||||
Accounts Payable |
||||
Accounts Payable |
6,247.95 | |||
Total Accounts Payable |
6,247.95 | |||
Total Current Liabilities |
6,247.95 | |||
Total Liabilities |
6,247.95 | |||
Equity |
||||
Opening Bal Equity |
2,345,453.91 | |||
Retained Earnings |
993,255.43 | |||
Net Income |
-618,011.23 | |||
Total Equity |
2,720,698.11 | |||
TOTAL LIABILITIES & EQUITY |
2,726,946.06 | |||
Page 15 of 16
XI. QUESTIONNAIRE
No | ||||
1.
|
Has the debtor-in-possession made any payments on its pre-petition unsecured debt, except as have been authorized by the court? If Yes, explain below: | þ | ||
No | ||||
2.
|
Has the debtor-in-possession during this reporting period provided compensation or remuneration to any officers, directors, principals, or other insiders without appropriate authorization? If Yes, explain below: | þ | ||
3.
|
State what progress was made during the reporting period toward filing a plan of reorganization Secured creditors are negotiating the final details of the reorg plan. | |||
4.
|
Describe potential future developments which may have a significant impact on the case: | |||
5.
|
Attach copies of all Orders granting relief from the automatic stay that were entered during the reporting period. | |||
No | ||||
6.
|
Did you receive any exempt income this month, which is not set forth in the operating report? If Yes, please set forth the amounts and sources of the income below. | þ | ||
I,
|
Alice P. Neuhauser, Responsible Officer declare under penalty of perjury that I have fully read and understood the foregoing debtor-in-possession operating report and that the information contained herein is true and complete to the best of my knowledge. |
Date | Principal for debtor-in-possession |
Page 16 of 16