Attached files
| file | filename |
|---|---|
| 8-K - CAPITAL GROWTH SYSTEMS INC /FL/ | v217087_8k.htm |
| EX-99.2 - CAPITAL GROWTH SYSTEMS INC /FL/ | v217087_ex99-2.htm |
| EX-99.1 - CAPITAL GROWTH SYSTEMS INC /FL/ | v217087_ex99-1.htm |
| EX-99.3 - CAPITAL GROWTH SYSTEMS INC /FL/ | v217087_ex99-3.htm |
|
Case No.
|
10-12302 PJW
|
Reporting Period: January 1 through January 31, 2011
Capital Growth Systems, Inc.
Consolidating Statement of Operations
for the month of January 2011
|
Consolidated
Total
|
||||
|
INCOME STATEMENT
|
||||
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Revenues
|
$ | 4,307,611 | ||
|
Cost of Revenues
|
$ | 3,232,089 | ||
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Gross Margin
|
$ | 1,075,522 | ||
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OPERATING EXPENSES
|
||||
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Compensation
|
$ | 742,283 | ||
|
Travel and entertainment
|
$ | 89,199 | ||
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Occupancy
|
$ | 71,726 | ||
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Professional services
|
$ | 93,194 | ||
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Insurance
|
$ | 66,329 | ||
|
Restructuring Expenses
|
$ | 250,390 | ||
|
Other
|
$ | 69,692 | ||
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Selling, general, and administrative expenses
|
$ | 1,382,813 | ||
|
EBITDA
|
$ | (307,291 | ) | |
|
Depreciation
|
$ | 31,433 | ||
|
Amortization
|
$ | 196,253 | ||
|
Operating Income (Loss)
|
$ | (534,977 | ) | |
|
Interest Expense
|
$ | 1,431,753 | ||
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Income tax expense (benefit)
|
$ | 1,664 | ||
|
NET INCOME (LOSS)
|
$ | (1,968,394 | ) | |
|
Case No.
|
10-12302 PJW
|
Reporting Period: January 1 through January 31, 2011
Capital Growth Systems, Inc.
Summary of All Units
For the Month Ending January 31, 2011
|
Consolidated
Total
|
||||
|
BALANCE SHEET
|
||||
|
Current Assets
|
||||
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Cash
|
$ | 2,118,242 | ||
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Accounts Receivable, net
|
$ | 5,029,224 | ||
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Other Current Assets
|
$ | 4,177,454 | ||
|
Total Current Assets
|
$ | 11,324,920 | ||
|
Fixed Assets, gross
|
$ | 3,827,133 | ||
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Accumulated Depreciation
|
$ | (3,134,931 | ) | |
|
Fixed Assets, net
|
$ | 692,201 | ||
|
Other Assets
|
||||
|
Other Assets
|
$ | 218,054 | ||
|
Intangible Assets
|
$ | 13,910,382 | ||
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Goodwill
|
$ | 1,479,649 | ||
|
Total Assets
|
$ | 27,625,206 | ||
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Current Liabilities
|
||||
|
Current maturities of debt
|
$ | 25,094,426 | ||
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Post-Petition Accounts Payable
|
$ | 5,585,272 | ||
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Pre-Petition Accounts Payable
|
$ | 14,167,634 | ||
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Post-Petition Accrued Expenses
|
$ | (293,512 | ) | |
|
Pre-Petition Accrued Expenses
|
$ | 5,732,064 | ||
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Deferred Revenue - Short Term
|
$ | 3,563,102 | ||
|
Total Current Liabilities
|
$ | 53,848,986 | ||
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Long-term Liabilities
|
||||
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Debt
|
$ | 9,983,282 | ||
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Taxes
|
$ | 67,000 | ||
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Total Long-term Liabilities
|
$ | 10,050,282 | ||
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Total Liabilities
|
$ | 63,899,268 | ||
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Shareholders' Equity
|
||||
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Common stock
|
$ | 17,015 | ||
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Reserves
|
$ | 152,166 | ||
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Additional Paid in Capital
|
$ | 91,441,624 | ||
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Retained Earnings, beginning of year
|
$ | (125,396,633 | ) | |
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Cumulative (gain) loss on currency translation
|
$ | (465,777 | ) | |
|
Current Year Retained Earnings Inc/Loss
|
$ | (2,022,456 | ) | |
|
Total Equity
|
$ | (36,274,061 | ) | |
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Total Liabilities and Shareholders' Equity
|
$ | 27,625,206 | ||
|
Case No.
|
10-12302 PJW
|
Capital Growth Systems, Inc.
Consolidated AP Aging Report (post-petition)
As of 1/31/2011
|
Current
|
1-30
|
31-60
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61-90
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Over 90
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Total
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|||||||||||||||||||
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Total Accounts Payable
|
$ | 750,493 | $ | 1,898,821 | $ | 576,138 | $ | 1,079,379 | $ | 1,280,442 | $ | 5,585,273 | ||||||||||||
|
Case No.
|
10-12302 PJW
|
Capital Growth Systems, Inc.
Consolidated AR Aging Report (Gross Receivables)
As of 1/31/2011
|
Current
|
1-30 Days
|
31 - 60 Days
|
61+
|
Total
|
||||||||||||||||
|
Total Accounts Receivables
|
$ | 1,812,225 | $ | 456,333 | $ | 1,086,271 | $ | 2,175,508 | $ | 5,530,337 | ||||||||||