Attached files
file | filename |
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8-K - CAPITAL GROWTH SYSTEMS INC /FL/ | v217087_8k.htm |
EX-99.2 - CAPITAL GROWTH SYSTEMS INC /FL/ | v217087_ex99-2.htm |
EX-99.4 - CAPITAL GROWTH SYSTEMS INC /FL/ | v217087_ex99-4.htm |
EX-99.3 - CAPITAL GROWTH SYSTEMS INC /FL/ | v217087_ex99-3.htm |
Case No. 10-12302 PJW
Reporting Period: October 1 through October 31, 2010
Capital Growth Systems, Inc.
Consolidating Statement of Operations
for the ten months ending October 31, 2010
Consolidated
Total
|
||||
Revenues
|
$ | 47,068,708 | ||
Cost of revenues
|
34,910,123 | |||
Gross margin
|
12,158,584 | |||
Compensation
|
8,873,998 | |||
Travel and entertainment
|
1,010,108 | |||
Occupancy
|
1,319,064 | |||
Professional services
|
3,966,960 | |||
Insurance
|
231,687 | |||
Restructuring Expenses
|
3,650,408 | |||
Other
|
877,078 | |||
Selling, general, and administrative expenses
|
19,929,304 | |||
EBITDA
|
(8,316,291 | ) | ||
Bad debt expense (recovery)
|
545,571 | |||
Depreciation
|
306,126 | |||
Amortization
|
1,962,530 | |||
Operating income (loss)
|
(11,130,518 | ) | ||
Interest expense
|
17,071,007 | |||
(Gain) loss on warrants and derivatives
|
(46,173,477 | ) | ||
(Gain) loss on extinguishment of debt
|
272,677 | |||
Income tax expense (benefit)
|
(20,359 | ) | ||
Net income (loss)
|
$ | 18,265,205 |
Case No. 10-12302 PJW
Reporting Period: October 1 through October 31, 2010
Capital Growth Systems, Inc.
Consolidating Statement of Operations
for the month of October 2010
Consolidated
Total
|
||||
Revenues
|
$ | 4,637,110 | ||
Cost of revenues
|
3,425,142 | |||
Gross margin
|
1,211,968 | |||
Compensation
|
680,235 | |||
Travel and entertainment
|
85,017 | |||
Occupancy
|
81,655 | |||
Professional services
|
295,145 | |||
Insurance
|
15,528 | |||
Restructuring Expenses
|
540,039 | |||
Other
|
201,685 | |||
Selling, general, and administrative expenses
|
1,899,305 | |||
EBITDA
|
(742,337 | ) | ||
Bad debt expense (recovery)
|
55,000 | |||
Depreciation
|
28,387 | |||
Amortization
|
196,253 | |||
Operating income (loss)
|
(1,021,978 | ) | ||
Interest expense
|
1,450,360 | |||
(Gain) loss on warrants and derivatives
|
||||
(Gain) loss on extinguishment of debt
|
||||
Income tax expense (benefit)
|
||||
Net income (loss)
|
$ | (2,417,338 | ) |
Case No. 10-12302 PJW
Reporting Period: October 1 through October 31, 2010
Capital Growth Systems, Inc.
Summary of All Units
For the Eleven Months Ending October 31, 2010
Consolidated
Total
|
||||
BALANCE SHEET
|
||||
Current Assets
|
||||
Cash
|
$ | 3,009,966 | ||
Accounts receivable, net
|
4,771,486 | |||
Other current assets
|
4,113,661 | |||
Intercompany accounts
|
141,647 | |||
Total Current Assets
|
12,036,760 | |||
Fixed assets, gross
|
3,807,698 | |||
Accumulated depreciation
|
(3,045,355 | ) | ||
Fixed Assets, net
|
771,586 | |||
Other Assets
|
||||
Other assets
|
316,357 | |||
Intangible assets
|
14,499,142 | |||
Goodwill
|
1,479,649 | |||
Total Assets
|
$ | 29,103,494 | ||
Current Liabilities
|
||||
Current maturities of debt
|
21,284,219 | |||
Post-Petition Accounts Payable
|
3,128,097 | |||
Pre-Petition Accounts Payable
|
14,238,443 | |||
Post-Petition Accrued Expenses
|
4,498,922 | |||
Pre-Petition Accrued Expenses
|
4,176,117 | |||
Deferred revenue
|
3,856,122 | |||
Total Current Liabilities
|
51,181,919 | |||
Long-term Liabilities
|
||||
Debt
|
9,523,333 | |||
Taxes
|
(2,770 | ) | ||
Total Liabilities
|
33,691,280 | |||
Shareholders' Equity
|
||||
Common stock
|
17,015 | |||
Additional paid-in capital
|
106,182,362 | |||
Retained earnings, beginning of year
|
(156,103,506 | ) | ||
Cumulative gain (loss) on currency translation
|
(220,160 | ) | ||
Year-to-date income (loss)
|
18,525,301 | |||
Shareholders' Equity
|
(22,078,426 | ) | ||
Total Liabilities and Shareholders' Equity
|
$ | 29,103,493 |
Case No. 10-12302 PJW
Reporting Period: October 1 through October 31, 2010
Capital Growth Systems, Inc.
Consolidated AP Aging Report (post-petition)
As of 10/31/2010
Current
|
1-30
|
31-60
|
61-90
|
Total
|
||||||||||||||||
Total Accounts Payable
|
$ | 1,155,061 | $ | 1,133,151 | $ | 127,629 | $ | 648,303 | $ | 3,129,948 |
Case No. 10-12302 PJW
Reporting Period: October 1 through October 31, 2010
Global Capacity
Consolidated AR Aging Report (Gross Receivables)
As of 10/31/2010
Current
|
1-30 Days
|
31 - 60 Days
|
61 + Days
|
Total
|
||||||||||||||||
Total Accounts Receivables
|
1,368,731 | 1,365,333 | 106,091 | 2,475,685 | 5,315,840 |