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-99.1 - EX-99.1 - KUSHNER LOCKE CO | v54662exv99w1.htm |
Exhibit 99.3
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: | 96 | |||||||
Debtor(s). | For the Month Ending: | 10/31/2009 |
I. CASH RECEIPTS AND DISBURSEMENTS
A. (GENERAL ACCOUNT*)
A. (GENERAL ACCOUNT*)
1. TOTAL RECEIPTS PER ALL PRIOR GENERAL ACCOUNT REPORTS
|
11,342,391.65 | |||||||
2. LESS: TOTAL DISBURSEMENTS PER ALL PRIOR GENERAL ACCOUNT REPORTS
|
11,039,695.00 | |||||||
3. BEGINNING BALANCE:
|
302,696.65 | |||||||
4. RECEIPTS DURING CURRENT PERIOD: |
||||||||
Accounts Receivable Post-filing |
||||||||
Accounts Receivable Pre-filing |
||||||||
General Sales |
||||||||
Other (Specify) Internal Transfers
|
35,000.00 | |||||||
**Other (Specify) |
||||||||
TOTAL RECEIPTS THIS PERIOD:
|
35,000.00 | |||||||
5. BALANCE:
|
337,696.65 | |||||||
6. LESS: TOTAL DISBURSEMENTS DURING CURRENT PERIOD |
||||||||
Transfers to Other DIP Accounts (from
page 2)
|
0.00 | |||||||
Disbursements (from page 2)
|
57,637.09 | |||||||
TOTAL DISBURSEMENTS THIS PERIOD:***
|
57,637.09 | |||||||
7. ENDING BALANCE:
|
280,059.56 | |||||||
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 | ||||||||||||
10/02/2009 |
Wire | ADP | Payroll Fees | $ | 86.30 | $ | 86.30 | |||||||||||
10/12/2009 |
Wire | Payroll Tax | Payroll | $ | 5,902.08 | $ | 5,902.08 | |||||||||||
10/12/2009 |
8619 | Payroll | Payroll | $ | 1,379.03 | $ | 1,379.03 | |||||||||||
10/12/2009 |
8620 | Payroll | Payroll | $ | 8,260.51 | $ | 8,260.51 | |||||||||||
10/12/2009 |
8621 | Payroll | Payroll | $ | 2,788.12 | $ | 2,788.12 | |||||||||||
10/14/2009 |
Wire | Comerica Bank | Bank Fee | $ | 299.22 | $ | 299.22 | |||||||||||
10/16/2009 |
Wire | ADP | Payroll Fees | $ | 86.30 | $ | 86.30 | |||||||||||
10/16/2009 |
1522 | Accurate Express | Shipping | $ | 42.33 | $ | 42.33 | |||||||||||
10/16/2009 |
1523 | Alice Neuhauser Expenses | Phone / Internet / Meals | $ | 409.28 | $ | 409.28 | |||||||||||
10/16/2009 |
1524 | Arrowhead | Office Supplies | $ | 9.15 | $ | 9.15 | |||||||||||
10/16/2009 |
1525 | Bowne of Los Angeles | SEC Reporting | $ | 590.00 | $ | 590.00 | |||||||||||
10/16/2009 |
1526 | ITE Solutions | Computer / IT | $ | 862.50 | $ | 862.50 | |||||||||||
10/16/2009 |
1527 | Recall | Storage | $ | 918.84 | $ | 918.84 | |||||||||||
10/16/2009 |
1528 | Xerox | Office Supplies | $ | 22.49 | $ | 22.49 | |||||||||||
10/19/2009 |
1529 | Point 360 | Marketing | $ | 480.00 | $ | 480.00 | |||||||||||
10/20/2009 |
Wire | Payroll Tax | Payroll | $ | 6,464.51 | $ | 6,464.51 | |||||||||||
10/20/2009 |
8622 | Payroll | Payroll | $ | 1,379.03 | $ | 1,379.03 | |||||||||||
10/20/2009 |
8623 | Payroll | Payroll | $ | 8,953.52 | $ | 8,953.52 | |||||||||||
10/20/2009 |
8624 | Payroll | Payroll | $ | 2,788.12 | $ | 2,788.12 | |||||||||||
10/23/2009 |
Wire | ADP | Payroll Fees | $ | 196.95 | $ | 196.95 | |||||||||||
10/23/2009 |
1530 | AT & T | Internet | $ | 86.12 | $ | 86.12 | |||||||||||
10/23/2009 |
1531 | AT & T | Phone | $ | 289.11 | $ | 289.11 | |||||||||||
10/23/2009 |
1532 | Global Media Television | Agent Fees | $ | 3,750.00 | $ | 3,750.00 | |||||||||||
10/23/2009 |
1533 | Keren Aminia Expenses | Office Supplies / Internet / Meals | $ | 1,347.19 | $ | 1,347.19 | |||||||||||
10/23/2009 |
1534 | Kevin Marino Expenses | Internet | $ | 140.10 | $ | 140.10 | |||||||||||
10/23/2009 |
1535 | Thomas R. Conroy | Computer / IT | $ | 310.00 | $ | 310.00 | |||||||||||
10/30/2009 |
Wire | ADP | Payroll Fees | $ | 86.30 | $ | 86.30 | |||||||||||
10/30/2009 |
1536 | Anthem Blue Cross | Insurance | $ | 2,484.00 | $ | 2,484.00 | |||||||||||
10/30/2009 |
1537 | Blue Shield | Insurance | $ | 638.00 | $ | 638.00 | |||||||||||
10/30/2009 |
1538 | Digital Post Services | Marketing | $ | 479.75 | $ | 479.75 | |||||||||||
10/30/2009 |
1539 | ITE Solutions | Computer / IT | $ | 1,035.00 | $ | 1,035.00 | |||||||||||
10/30/2009 |
1540 | Kevin Marino Expenses | Postage / Meals | $ | 101.73 | $ | 101.73 | |||||||||||
10/30/2009 |
1541 | New Beginnings Enterprises | Rent / Parking | $ | 4,896.51 | $ | 4,896.51 | |||||||||||
10/30/2009 |
1542 | New Wave Entertainment | Marketing | $ | 75.00 | $ | 75.00 | |||||||||||
TOTAL DISBURSEMENTS THIS PERIOD: | 0.00 | 57,637.09 | $ | 57,637.09 | ||||||||||||||
* | 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: | 10/31/2009 | Balance on Statement: | $ | 291,426.74 | ||||||||||||
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 | ||||||||||||||
1533 | 10/23/09 | $ | 1,347.19 | |||||||||||||
1535 | 10/23/09 | $ | 310.00 | |||||||||||||
1536 | 10/30/09 | $ | 2,484.00 | |||||||||||||
1537 | 10/30/09 | $ | 638.00 | |||||||||||||
1538 | 10/30/09 | $ | 479.75 | |||||||||||||
1539 | 10/30/09 | $ | 1,035.00 | |||||||||||||
1540 | 10/30/09 | $ | 101.73 | |||||||||||||
1541 | 10/30/09 | $ | 4,896.51 | |||||||||||||
1542 | 10/30/09 | $ | 75.00 | |||||||||||||
TOTAL OUTSTANDING CHECKS: |
11,367.18 | |||||||||||||||
Bank statement Adjustments: |
||||||||||||||||
Explanation of Adjustments- |
||||||||||||||||
ADJUSTED BANK BALANCE: |
$ | 280,059.56 | ||||||||||||||
* | 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: | 96 | |||||||
Debtor(s). | For the Month Ending: | 10/31/2009 |
I. CASH RECEIPTS AND DISBURSEMENTS
A. (COLLATERAL ACCOUNT*)
A. (COLLATERAL ACCOUNT*)
1. TOTAL RECEIPTS PER ALL PRIOR GENERAL ACCOUNT REPORTS | 12,084,668.06 | |||||||||||
2. LESS: TOTAL DISBURSEMENTS PER ALL PRIOR GENERAL ACCOUNT REPORTS | 11,543,193.41 | |||||||||||
3. BEGINNING BALANCE: | 541,474.65 | |||||||||||
4. RECEIPTS DURING CURRENT PERIOD: | ||||||||||||
Accounts Receivable Post-filing
|
25,027.00 | |||||||||||
Accounts Receivable Pre-filing
|
||||||||||||
General Sales
|
||||||||||||
Other (Specify)
|
Interest | 57.06 | ||||||||||
**Other (Specify)
|
||||||||||||
TOTAL RECEIPTS THIS PERIOD:
|
25,084.06 | |||||||||||
5. BALANCE: | 566,558.71 | |||||||||||
6. LESS: TOTAL DISBURSEMENTS DURING CURRENT PERIOD | ||||||||||||
Transfers to Other DIP Accounts (from page 2)
|
35,000.00 | |||||||||||
Disbursements (from page 2)
|
0.00 | |||||||||||
TOTAL DISBURSEMENTS THIS PERIOD:***
|
35,000.00 | |||||||||||
7. ENDING BALANCE: | 531,558.71 | |||||||||||
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 | ||||||||||||
10/21/2009
|
Wire | Kushner-Locke | Internal Transfer | 35,000.00 | 35,000.00 | |||||||||||||
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 | ||||||||||||||||||
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0.00 | ||||||||||||||||||
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0.00 | ||||||||||||||||||
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0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||
TOTAL DISBURSEMENTS THIS PERIOD:
|
35,000.00 | 0.00 | $ | 35,000.00 | ||||||||||||||
* | 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: | 10/31/2009 | Balance on Statement: | $ | 531,558.71 | ||||||
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: | $ | 531,558.71 | ||||||||
* | 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: | 96 | |||||
Debtor(s). | For the Month Ending: | 10/31/2009 |
I. CASH RECEIPTS AND DISBURSEMENTS
A. (COLLECTION ACCOUNT*)
A. (COLLECTION ACCOUNT*)
1. TOTAL RECEIPTS PER ALL PRIOR GENERAL ACCOUNT REPORTS |
1,305,929.80 | |||||||
2. LESS: TOTAL DISBURSEMENTS PER ALL PRIOR GENERAL ACCOUNT REPORTS |
51,587.80 | |||||||
3. BEGINNING BALANCE: |
1,254,342.00 | |||||||
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: |
1,254,342.00 | |||||||
6. LESS: TOTAL DISBURSEMENTS DURING CURRENT PERIOD |
||||||||
Transfers to Other DIP Accounts (from page 2) |
0.00 | |||||||
Disbursements (from page 2) |
100.00 | |||||||
TOTAL DISBURSEMENTS THIS PERIOD:*** |
100.00 | |||||||
7. ENDING BALANCE: |
1,254,242.00 | |||||||
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 | ||||||||||||||||||
10/31/2009 |
Fee |
City National Bank | Bank Fee | $ | 100.00 | 100.00 | ||||||||||||||||||
0.00 | ||||||||||||||||||||||||
0.00 | ||||||||||||||||||||||||
0.00 | ||||||||||||||||||||||||
0.00 | ||||||||||||||||||||||||
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0.00 | ||||||||||||||||||||||||
0.00 | ||||||||||||||||||||||||
TOTAL DISBURSEMENTS THIS PERIOD: |
0.00 | 100.00 | $ | 100.00 |
* | 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: | 10/31/2009 | Balance on Statement: | $ | 1,254,242.00 | ||||||||||||
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: |
$ | 1,254,242.00 | ||||||||||||||
* | 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: | 280,059.56 | |||||||||||
Collateral Account: | 531,558.71 | |||||||||||
Collection Account: | 1,254,242.00 | |||||||||||
*Other Accounts: |
||||||||||||
Bank of Scotland - Pinocchio | Time Deposit | 218,672.86 | Currency: GBP | |||||||||
Bank of Scotland - Basil | Time Deposit | 247,417.64 | Currency: GBP | |||||||||
Edge Entertainment | 0.00 | |||||||||||
KL- PWI account | 731.10 | |||||||||||
BLT Venture | JV Account | 70,269.08 | ||||||||||
BLT Venture | JV Account | 330.45 | ||||||||||
KL\7 Venture | JV Account | 40,007.96 | ||||||||||
Denial Venture | JV Account | 245,049.73 | ||||||||||
Cracker LLC | JV Account | 15,569.01 | ||||||||||
Swing | JV Account | 13,031.13 | ||||||||||
*Other Monies: |
||||||||||||
**Petty Cash (from below): | 0.00 | |||||||||||
TOTAL CASH AVAILABLE: | 2,916,939.23 | |||||||||||
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 |
0.00 | 560,976.42 | ||||||||||
31 - 60 days |
||||||||||||
61 - 90 days |
||||||||||||
91 - 120 days |
||||||||||||
Over 120 days |
||||||||||||
TOTAL: |
0.00 | 0.00 | 560,976.42 | |||||||||
V. INSURANCE COVERAGE
Policy Expiration | Premium Paid | |||||||||||||||||||
Name of Carrier | Amount of 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)
Quarterly Fees | ||||||||||||||||||||
Quarterly Period 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 | |||||||||||||||||||
* | 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)
Oct 09 | ||||
Ordinary Income/Expense |
||||
Income |
||||
KL International Sales |
22,500.00 | |||
Royalties |
6,277.00 | |||
Total Income |
28,777.00 | |||
Gross Profit |
28,777.00 | |||
Expense |
||||
Agents Fees |
3,750.00 | |||
Bank Service Charges |
||||
City National Service Charge |
100.00 | |||
Comerica Sevice Charge |
299.22 | |||
Total Bank Service Charges |
399.22 | |||
Copy Machine |
22.49 | |||
Delivery & Distribution Expense |
||||
Marketing |
1,034.75 | |||
Total Delivery & Distribution Expense |
1,034.75 | |||
Insurance |
||||
Dental |
319.00 | |||
Health |
2,484.00 | |||
Total Insurance |
2,803.00 | |||
Internet |
86.12 | |||
IT / Computers |
2,207.50 | |||
Office Supplies |
1,356.34 | |||
Payroll |
||||
Payroll cost Employees |
12,007.12 | |||
Payroll Fee |
455.85 | |||
Responsible Officer |
25,907.80 | |||
Total Payroll |
38,370.77 | |||
Postage and Delivery |
42.33 | |||
Professional Development |
44.00 | |||
Professional Fees |
||||
Legal Fees |
5,121.62 | |||
Total Professional Fees |
5,121.62 | |||
Storage |
4,918.84 | |||
Telephone |
289.11 | |||
Telephone / E-mail Exepnses |
549.38 | |||
Travel & Ent |
||||
Meals |
57.73 | |||
Total Travel & Ent |
57.73 | |||
Total Expense |
61,053.20 | |||
Net Ordinary Income |
-32,276.20 | |||
Net Income |
-32,276.20 | |||
Page 14 of 16
X. BALANCE SHEET
(ACCRUAL BASIS ONLY)
(ACCRUAL BASIS ONLY)
Oct 31, 09 | ||||
ASSETS |
||||
Current Assets |
||||
Checking/Savings |
||||
City National Collection Acco |
1,254,242.00 | |||
Comerica DIP |
280,059.56 | |||
Due from Vision/to Vision |
4,424.70 | |||
KL Cash Collateral JP Morgan |
531,501.65 | |||
Total Checking/Savings |
2,070,227.91 | |||
Accounts Receivable |
||||
AR BL |
15,000.00 | |||
AR Global Media |
206,250.00 | |||
AR KL |
258,333.35 | |||
AR Vision |
81,393.07 | |||
Total Accounts Receivable |
560,976.42 | |||
Total Current Assets |
2,631,204.33 | |||
TOTAL ASSETS |
2,631,204.33 | |||
LIABILITIES & EQUITY |
||||
Liabilities |
||||
Current Liabilities |
||||
Accounts Payable |
||||
Accounts Payable |
-584.69 | |||
Total Accounts Payable |
-584.69 | |||
Total Current Liabilities |
-584.69 | |||
Total Liabilities |
-584.69 | |||
Equity |
||||
Opening Bal Equity |
2,345,453.91 | |||
Retained Earnings |
318,611.31 | |||
Net Income |
-32,276.20 | |||
Total Equity |
2,631,789.02 | |||
TOTAL LIABILITIES & EQUITY |
2,631,204.33 | |||
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