Attached files
file | filename |
---|---|
8-K - FORM 8-K - KUSHNER LOCKE CO | v54662e8vk.htm |
EX-99.3 - EX-99.3 - KUSHNER LOCKE CO | v54662exv99w3.htm |
EX-99.1 - EX-99.1 - KUSHNER LOCKE CO | v54662exv99w1.htm |
Exhibit 99.2
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: | 95 | |||||||
Debtor(s). | For the Month Ending: | 9/30/2009 |
I. CASH RECEIPTS AND DISBURSEMENTS
A. (GENERAL ACCOUNT*)
A. (GENERAL ACCOUNT*)
1. TOTAL RECEIPTS PER ALL PRIOR GENERAL ACCOUNT REPORTS | 11,283,438.72 | |||||||||||
2. LESS: TOTAL DISBURSEMENTS PER ALL PRIOR GENERAL ACCOUNT REPORTS | 10,967,413.42 | |||||||||||
3. BEGINNING BALANCE: | 316,025.30 | |||||||||||
4. RECEIPTS DURING CURRENT PERIOD: | ||||||||||||
Accounts Receivable Post-filing
|
8,952.93 | |||||||||||
Accounts Receivable Pre-filing
|
||||||||||||
General Sales
|
||||||||||||
Other (Specify)
|
Internal Transfers | 50,000.00 | ||||||||||
**Other (Specify)
|
||||||||||||
TOTAL RECEIPTS THIS PERIOD:
|
58,952.93 | |||||||||||
5. BALANCE: | 374,978.23 | |||||||||||
6. LESS: TOTAL DISBURSEMENTS DURING CURRENT PERIOD | ||||||||||||
Transfers to Other DIP Accounts (from page 2)
|
0.00 | |||||||||||
Disbursements (from page 2)
|
72,281.58 | |||||||||||
7. ENDING BALANCE: | 302,696.65 | |||||||||||
8. General Account Number(s):
|
1891935460 | |||||||||||
Depository Name & Location:
|
Comerica Bank | |||||||||||
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 | ||||||||||||||
09/02/2009
|
Wire | Payroll Tax | $ | 5,288.49 | $ | 5,288.49 | ||||||||||||||
09/02/2009
|
1498 | Bonded Services | $ | 4,000.00 | $ | 4,000.00 | ||||||||||||||
09/02/2009
|
1499 | Bowne of Los Angeles | $ | 1,246.00 | $ | 1,246.00 | ||||||||||||||
09/02/2009
|
1500 | Brandon & Morner Ritt | $ | 3,233.40 | $ | 3,233.40 | ||||||||||||||
09/02/2009
|
1501 | Global Media Television | $ | 7,500.00 | $ | 7,500.00 | ||||||||||||||
09/02/2009
|
1502 | Kevin Marino Expenses | $ | 141.53 | $ | 141.53 | ||||||||||||||
09/02/2009
|
1503 | Xerox | $ | 22.49 | $ | 22.49 | ||||||||||||||
09/02/2009
|
8613 | Payroll | $ | 1,379.04 | $ | 1,379.04 | ||||||||||||||
09/02/2009
|
8614 | Payroll | $ | 7,504.52 | $ | 7,504.52 | ||||||||||||||
09/02/2009
|
8615 | Payroll | $ | 2,788.12 | $ | 2,788.12 | ||||||||||||||
09/04/2009
|
Wire | ADP | $ | 86.30 | $ | 86.30 | ||||||||||||||
09/14/2009
|
Wire | ADP | $ | 86.30 | $ | 86.30 | ||||||||||||||
09/18/2009
|
Wire | ADP | $ | 20.00 | $ | 20.00 | ||||||||||||||
09/18/2009
|
Wire | Comerica Bank | $ | 281.84 | $ | 281.84 | ||||||||||||||
09/18/2009
|
1504 | Anthem Blue Cross | $ | 2,484.00 | $ | 2,484.00 | ||||||||||||||
09/18/2009
|
1505 | Arrowhead | $ | 16.10 | $ | 16.10 | ||||||||||||||
09/18/2009
|
1506 | Blue Shield | $ | 319.00 | $ | 319.00 | ||||||||||||||
09/18/2009
|
1507 | Federal Express | $ | 27.32 | $ | 27.32 | ||||||||||||||
09/18/2009
|
1508 | Kevin Marino Expenses | $ | 569.64 | $ | 569.64 | ||||||||||||||
09/18/2009
|
1509 | Recall | $ | 918.84 | $ | 918.84 | ||||||||||||||
09/22/2009
|
Wire | Payroll Tax | $ | 3,705.42 | $ | 3,705.42 | ||||||||||||||
09/22/2009
|
8616 | Payroll | $ | 1,379.03 | $ | 1,379.03 | ||||||||||||||
09/22/2009
|
8617 | Payroll | $ | 5,321.27 | $ | 5,321.27 | ||||||||||||||
09/22/2009
|
8618 | Payroll | $ | 2,788.11 | $ | 2,788.11 | ||||||||||||||
09/25/2009
|
Wire | ADP | $ | 83.20 | $ | 83.20 | ||||||||||||||
09/28/2009
|
1510 | AT & T | $ | 86.16 | $ | 86.16 | ||||||||||||||
09/28/2009
|
1511 | AT & T | $ | 287.12 | $ | 287.12 | ||||||||||||||
09/28/2009
|
1512 | Kevin Marino Expenses | $ | 319.40 | $ | 319.40 | ||||||||||||||
09/28/2009
|
1514 | New Beginnings Enterprises | $ | 4,896.51 | $ | 4,896.51 | ||||||||||||||
09/30/2009
|
1515 | New Wave Entertainment | $ | 650.00 | $ | 650.00 | ||||||||||||||
09/30/2009
|
1516 | Anthem Blue Cross | $ | 2,484.00 | $ | 2,484.00 | ||||||||||||||
09/30/2009
|
1517 | Bonded Services | $ | 4,000.00 | $ | 4,000.00 | ||||||||||||||
09/30/2009
|
1518 | Digital Post Services | $ | 590.70 | $ | 590.70 | ||||||||||||||
09/30/2009
|
1519 | New Beginnings Enterprises | $ | 4,896.51 | $ | 4,896.51 | ||||||||||||||
09/30/2009
|
1520 | New Wave Entertainment | $ | 256.00 | $ | 256.00 | ||||||||||||||
09/30/2009
|
1521 | Point 360 | $ | 2,625.22 | $ | 2,625.22 | ||||||||||||||
TOTAL DISBURSEMENTS THIS PERIOD: | 0.00 | 72,281.58 | $ | 72,281.58 | ||||||||||||||||
* | 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: | 9/30/2009 | Balance on Statement: | $ | 321,360.47 | ||||||||||||
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 | ||||||||||||||
1510 | 9/28/2009 | $ | 86.16 | |||||||||||||
1511 | 9/28/2009 | $ | 287.12 | |||||||||||||
1515 | 9/30/2009 | $ | 650.00 | |||||||||||||
1516 | 9/30/2009 | $ | 2,484.00 | |||||||||||||
1517 | 9/30/2009 | $ | 4,000.00 | |||||||||||||
1518 | 9/30/2009 | $ | 590.00 | |||||||||||||
1519 | 9/30/2009 | $ | 4,896.51 | |||||||||||||
1520 | 9/30/2009 | $ | 256.00 | |||||||||||||
1521 | 9/30/2009 | $ | 2,625.22 | |||||||||||||
8618 | 9/22/2009 | $ | 2,788.11 | |||||||||||||
TOTAL OUTSTANDING CHECKS: | 18,663.82 | |||||||||||||||
Bank statement Adjustments: | ||||||||||||||||
Explanation of Adjustments- | ||||||||||||||||
ADJUSTED BANK BALANCE: | $ | 302,696.65 | ||||||||||||||
* | It is acceptable to replace this form with a similar form | |
** | Please attach a detailed explanation of any bank statement adjustment |
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: | 95 | |||||||
Debtor(s). | For the Month Ending: | 9/30/2009 |
I. CASH RECEIPTS AND DISBURSEMENTS
A. (COLLATERAL ACCOUNT*)
A. (COLLATERAL ACCOUNT*)
1. TOTAL RECEIPTS PER ALL PRIOR GENERAL ACCOUNT REPORTS |
12,084,612.16 | |||||||
2. LESS: TOTAL DISBURSEMENTS PER ALL PRIOR GENERAL
ACCOUNT REPORTS |
11,485,594.62 | |||||||
3. BEGINNING BALANCE: |
599,017.54 | |||||||
4. RECEIPTS DURING CURRENT PERIOD: |
||||||||
Accounts Receivable Post-filing |
||||||||
Accounts Receivable Pre-filing |
||||||||
General Sales |
||||||||
Other (Specify) Interest |
55.90 | |||||||
**Other (Specify) |
||||||||
TOTAL RECEIPTS THIS PERIOD: |
55.90 | |||||||
5. BALANCE: |
599,073.44 | |||||||
6. LESS: TOTAL DISBURSEMENTS DURING CURRENT PERIOD |
||||||||
Transfers to Other DIP Accounts (from page 2) |
50,000.00 | |||||||
Disbursements (from page 2) |
7,598.79 | |||||||
TOTAL DISBURSEMENTS THIS PERIOD:*** |
57,598.79 | |||||||
7. ENDING BALANCE: |
541,474.65 | |||||||
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 | ||||||||||||
9/3/2009 |
Wire | JP Morgan Chase | Legal Fees | 2,327.79 | 2,327.79 | |||||||||||||
9/11/2009 |
Wire | Kushner-Locke | Internal Transfer | 25,000.00 | 25,000.00 | |||||||||||||
9/22/2009 |
Wire | Kushner-Locke | Internal Transfer | 25,000.00 | 25,000.00 | |||||||||||||
09/30/2009 |
Wire | JP Morgan Chase | Legal Fees | 5,271.00 | 5,271.00 | |||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
TOTAL DISBURSEMENTS THIS PERIOD: | 50,000.00 | 7,598.79 | $ | 57,598.79 | ||||||||||||||
* | 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: | 9/30/2009 | Balance on Statement: | $ | 546,745.65 | ||||||||
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
|
||||||||||
Wire | 9/30/2009 | 5,271.00 | ||||||||||
TOTAL OUTSTANDING CHECKS:
|
5,271.00 | |||||||||||
Bank statement Adjustments: |
||||||||||||
Explanation of Adjustments- |
||||||||||||
ADJUSTED BANK BALANCE:
|
$ | 541,474.65 | ||||||||||
* | 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: | 95 | |||||
Debtor(s). | For the Month Ending: | 9/30/2009 |
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 |
51,537.80 | |||||||
3. BEGINNING BALANCE: |
1,251,032.48 | |||||||
4. RECEIPTS DURING CURRENT PERIOD: |
||||||||
Accounts Receivable Post-filing |
3,359.52 | |||||||
Accounts Receivable Pre-filing |
||||||||
General Sales |
||||||||
Other (Specify) |
0.00 | |||||||
**Other (Specify) |
||||||||
TOTAL RECEIPTS THIS PERIOD: |
3,359.52 | |||||||
5. BALANCE: |
1,254,392.00 | |||||||
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: |
1,254,342.00 | |||||||
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 | ||||||||||||||||||
09/30/2009 |
Fee |
City National Bank | Bank Fee | $ | 50.00 | 50.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||||||||
0.00 | ||||||||||||||||||||||||
0.00 | ||||||||||||||||||||||||
0.00 | ||||||||||||||||||||||||
0.00 | ||||||||||||||||||||||||
0.00 | ||||||||||||||||||||||||
0.00 | ||||||||||||||||||||||||
0.00 | ||||||||||||||||||||||||
0.00 | ||||||||||||||||||||||||
0.00 | ||||||||||||||||||||||||
0.00 | ||||||||||||||||||||||||
0.00 | ||||||||||||||||||||||||
0.00 | ||||||||||||||||||||||||
0.00 | ||||||||||||||||||||||||
0.00 | ||||||||||||||||||||||||
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0.00 | ||||||||||||||||||||||||
0.00 | ||||||||||||||||||||||||
0.00 | ||||||||||||||||||||||||
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0.00 | ||||||||||||||||||||||||
0.00 | ||||||||||||||||||||||||
0.00 | ||||||||||||||||||||||||
0.00 | ||||||||||||||||||||||||
0.00 | ||||||||||||||||||||||||
0.00 | ||||||||||||||||||||||||
0.00 | ||||||||||||||||||||||||
0.00 | ||||||||||||||||||||||||
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0.00 | ||||||||||||||||||||||||
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0.00 | ||||||||||||||||||||||||
0.00 | ||||||||||||||||||||||||
0.00 | ||||||||||||||||||||||||
0.00 | ||||||||||||||||||||||||
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: | 9/30/2009 | Balance on Statement: | $ | 1,254,342.00 | ||||||||||||
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: |
$ | 1,254,342.00 | ||||||||||||||
* | 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: | 302,696.65 | |||||||||
Collateral Account: | 541,474.65 | |||||||||
Collection Account: | 1,254,342.00 | |||||||||
*Other Accounts: |
||||||||||
Bank of Scotland Pinocchio | Time Deposit | 219,161.83 | Currency: GBP | |||||||
Bank of Scotland Basil | Time Deposit | 247,376.97 | Currency: GBP | |||||||
Edge Entertainment | 172.89 | |||||||||
KL- PWI account | 731.10 | |||||||||
BLT Venture | JV Account | 70,269.08 | ||||||||
BLT Venture | JV Account | 330.45 | ||||||||
KL\7 Venture | JV Account | 40,002.87 | ||||||||
Denial Venture | JV Account | 244,987.31 | ||||||||
Cracker LLC | JV Account | 15,569.01 | ||||||||
Swing | JV Account | 13,031.13 | ||||||||
*Other Monies: |
||||||||||
**Petty Cash (from below): | 0.00 | |||||||||
TOTAL CASH AVAILABLE:
|
2,950,145.94 | |||||||||
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 | payments not made | |||||||||
Creditor, Lessor, Etc. | (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
|
9,593.51 | 561,661.12 | ||||||||||
31 - 60 days |
||||||||||||
61 - 90 days |
||||||||||||
91 - 120 days |
||||||||||||
Over 120 days |
||||||||||||
TOTAL:
|
9,593.51 | 0.00 | 561,661.12 | |||||||||
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 | Quarterly Fees | |||||||||||||||||
Ending (Date) | Total Disbursements | Quarterly Fees | Date Paid | Amount Paid | 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 | ||||||||||||||
30-Sep-2009 |
222,369.77 | 1,625.00 | apply credit | 1,625.00 | ||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
83,850.00 | 83,975.00 | (125.00 | ) | |||||||||||||||
* | 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
Gross | ||||||||||||
Date of Order | Compensation | |||||||||||
Authorizing | *Authorized Gross | Paid During the | ||||||||||
Name of Insider | Compensation | Compensation | Month | |||||||||
VIII. SCHEDULE OF OTHER AMOUNTS PAID TO INSIDERS
Date of Order | ||||||||||||
Authorizing | Amount Paid | |||||||||||
Name of Insider | Compensation | Description | During 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)
Sep 09 | ||||
Ordinary Income/Expense |
||||
Income |
||||
KL International Sales |
10,000.00 | |||
materials |
8,952.93 | |||
Total Income |
18,952.93 | |||
Cost of Goods Sold |
||||
Vision Expenses |
2,025.17 | |||
Vision Sales Fee |
3,824.93 | |||
Total COGS |
5,850.10 | |||
Gross Profit |
13,102.83 | |||
Expense |
||||
Agents Fees |
7,500.00 | |||
Bank Service Charges |
||||
City National Service Charge |
50.00 | |||
Comerica Sevice Charge |
281.84 | |||
Total Bank Service Charges |
331.84 | |||
Copy Machine |
22.49 | |||
Delivery & Distribution Expense |
||||
Billable Materials |
3,275.22 | |||
Elements |
590.70 | |||
Marketing |
520.00 | |||
Shipping |
27.32 | |||
Total Delivery & Distribution Expense |
4,413.24 | |||
Dues and Subscriptions |
99.95 | |||
Insurance |
||||
Dental |
319.00 | |||
Health |
2,484.00 | |||
Health Acct. |
69.22 | |||
Total Insurance |
2,872.22 | |||
Internet |
136.16 | |||
Office Supplies |
632.72 | |||
Parking |
330.00 | |||
Payroll |
||||
Payroll cost Employees |
12,007.14 | |||
Payroll Fee |
275.80 | |||
Responsible Officer |
18,146.86 | |||
Total Payroll |
30,429.80 | |||
Professional Fees |
||||
Legal Fees |
5,271.00 | |||
Total Professional Fees |
5,271.00 | |||
Rent |
4,566.51 | |||
SEC Reporting |
1,836.00 | |||
Storage |
4,918.84 | |||
Telephone |
287.12 | |||
Telephone / E-mail Exepnses |
441.02 | |||
Total Expense |
64,088.91 | |||
Net Ordinary Income |
-50,986.08 | |||
Other Income/Expense |
||||
Other Income |
||||
Interest Income |
55.90 | |||
Total Other Income |
55.90 | |||
Net Other Income |
55.90 | |||
Net Income |
-50,930.18 | |||
Page 14 of 16
X. BALANCE SHEET
(ACCRUAL BASIS ONLY)
(ACCRUAL BASIS ONLY)
Sep 30, 09 | ||||
ASSETS |
||||
Current Assets |
||||
Checking/Savings |
||||
City National Collection Acco |
1,254,342.00 | |||
Comerica DIP |
302,696.65 | |||
KL Cash Collateral JP Morgan |
541,474.65 | |||
Total Checking/Savings |
2,098,513.30 | |||
Accounts Receivable |
||||
AR BL |
15,000.00 | |||
AR Global Media |
225,000.00 | |||
AR KL |
258,333.35 | |||
AR Vision |
63,327.77 | |||
Total Accounts Receivable |
561,661.12 | |||
Total Current Assets |
2,660,174.42 | |||
TOTAL ASSETS |
2,660,174.42 | |||
LIABILITIES & EQUITY |
||||
Liabilities |
||||
Current Liabilities |
||||
Accounts Payable |
||||
Accounts Payable |
-9,593.51 | |||
Total Accounts Payable |
-9,593.51 | |||
Total Current Liabilities |
-9,593.51 | |||
Total Liabilities |
-9,593.51 | |||
Equity |
||||
Opening Bal Equity |
2,345,453.91 | |||
Retained Earnings |
993,255.43 | |||
Net Income |
-668,941.41 | |||
Total Equity |
2,669,767.93 | |||
TOTAL LIABILITIES & EQUITY |
2,660,174.42 | |||
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