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8-K - FORM 8-K - PROFESSIONAL VETERINARY PRODUCTS LTD /NE/ | c64655e8vk.htm |
Exhibit 99.1
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF NEBRASKA
FOR THE DISTRICT OF NEBRASKA
In re: |
) | Case No. 10-82436 | ||
) | ||||
PROFESSIONAL VETERINARY |
) | |||
PRODUCTS, LTD, A NEBRASKA |
) | CHAPTER 11 | ||
CORPORATION, |
) | |||
Debtor, |
) | |||
) | ||||
) | ||||
In re: |
) | Case No. 10-82438 | ||
) | ||||
EXACT LOGISTICS, LLC, |
) | |||
) | CHAPTER 11 | |||
Debtor, |
) | |||
) | ||||
) | ||||
) | ||||
In re: |
) | Case No. 10-82437 | ||
) | ||||
PROCONN, LLC, |
) | |||
) | CHAPTER 11 | |||
Debtor, |
) | |||
) | ||||
) | ||||
) | ||||
) | ||||
MONTHLY OPERATING REPORT FOR THE PERIOD
04/01/2011 THROUGH 04/30/2011
04/01/2011 THROUGH 04/30/2011
I CERTIFY UNDER PENALTY OF PERJURY THAT THE FOLLOWING CONSOLIDATED OPERATING
REPORT, CONSISTING OF ONE (1) PAGE IS TRUE AND CORRECT.
Date Submitted 5/12/11
|
/s/ Vicky Winkler
|
|||
Vicky Winkler, President/CEO |
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF NEBRASKA
FOR THE DISTRICT OF NEBRASKA
CASE NAME: Summary Report for Professional Veterinary Products, LTD; Exact Logistics, LLC; ProConn, LLC
CASE NO.: 10-82436; 10-82438; 10-82437
CASE NO.: 10-82436; 10-82438; 10-82437
Summary of Cash Receipts and Disbursements For The Above Noted Entity
For Period April 1-30, 2011
For Period April 1-30, 2011
Wells Fargo | FNBO | JP Morgan | Fulton Bank | Total | ||||||||||||||||
BEGINNING BALANCE (03/31/11) |
$ | 0.00 | $ | 11,371,261.39 | $ | 78,876.08 | $ | 0.00 | $ | 11,450,137.47 | ||||||||||
RECEIPTS: |
||||||||||||||||||||
1. Receipts from A/R Collections |
0.00 | 102,649.75 | 0.00 | 0.00 | 102,649.75 | |||||||||||||||
2. Receipts from Bulk Sale of Inventory |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
3. Receipts from Sale of Intangible Assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
4. Receipts from Sale of De Minimis Assets (1) |
0.00 | 9,175.00 | 0.00 | 0.00 | 9,175.00 | |||||||||||||||
5. Receipts from Sale of Fixed Assets (1) |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
6. Other Receipts |
0.00 | 30,297.46 | 0.00 | 0.00 | 30,297.46 | |||||||||||||||
TOTAL RECEIPTS |
0.00 | 142,122.21 | 0.00 | 0.00 | 142,122.21 | |||||||||||||||
TRANSFERS: |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
DISBURSEMENTS: |
||||||||||||||||||||
3. Line of credit Wells Fargo |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
4. Payments to Officers and Directors: |
||||||||||||||||||||
a. Officers |
0.00 | 8,745.40 | 0.00 | 0.00 | 8,745.40 | |||||||||||||||
b. Directors |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
Subtotal payments to Officers and Directors |
0.00 | 8,745.40 | 0.00 | 0.00 | 8,745.40 | |||||||||||||||
5. Taxes personnel |
||||||||||||||||||||
a. Federal Income Tax |
0.00 | 3,807.76 | 0.00 | 0.00 | 3,807.76 | |||||||||||||||
b. FICA withholdings |
0.00 | 1,974.21 | 0.00 | 0.00 | 1,974.21 | |||||||||||||||
c. Medicare |
0.00 | 550.49 | 0.00 | 0.00 | 550.49 | |||||||||||||||
d. Federal Unemployment |
0.00 | 1.71 | 0.00 | 0.00 | 1.71 | |||||||||||||||
e. State Income Tax |
0.00 | 1,043.71 | 0.00 | 0.00 | 1,043.71 | |||||||||||||||
f. State Unemployment |
0.00 | 12.81 | 0.00 | 0.00 | 12.81 | |||||||||||||||
g. State Unemployment/Disability |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
h. Local Income Tax |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
Subtotal taxes |
0.00 | 7,390.69 | 0.00 | 0.00 | 7,390.69 | |||||||||||||||
6. Necessary expenses: |
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Inventory purchases |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
Freight and supplies |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
Wages, ETO, Commissions, Incentives, Fees |
0.00 | 4,484.15 | 0.00 | 0.00 | 4,484.15 | |||||||||||||||
Benefits |
0.00 | 0.00 | 668.80 | 0.00 | 668.80 | |||||||||||||||
Professional and Trustee Fees |
0.00 | 175,714.58 | 0.00 | 0.00 | 175,714.58 | |||||||||||||||
Credit card fees |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
Bayer escrow |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
Payment of Sales Taxes |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
Building Expenses |
0.00 | 666.97 | 0.00 | 0.00 | 666.97 | |||||||||||||||
Building Lease |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
Equipment Leases and Expenses |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
Utilities Expense |
0.00 | 5,190.49 | 0.00 | 0.00 | 5,190.49 | |||||||||||||||
Utilities Deposit |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
Insurance |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
Real Estate & Personal Property Taxes |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
Accounting and Tax Fees |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
Wells Fargo Escrow |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
Bank Fees/Interest |
0.00 | 158.12 | 0.00 | 0.00 | 158.12 | |||||||||||||||
Misc. G&A and Other fees |
0.00 | 20,992.76 | 0.00 | 0.00 | 20,992.76 | |||||||||||||||
Subtotal necessary expenses |
0.00 | 207,207.07 | 668.80 | 0.00 | 207,875.87 | |||||||||||||||
TOTAL DISBURSEMENTS |
0.00 | 223,343.16 | 668.80 | 0.00 | 224,011.96 | |||||||||||||||
NET CASH FLOW |
0.00 | (81,220.95 | ) | (668.80 | ) | 0.00 | (81,889.75 | ) | ||||||||||||
ENDING BANK BALANCE (4/30/11) |
$ | 0.00 | $ | 11,290,040.44 | $ | 78,207.28 | $ | 0.00 | $ | 11,368,247.72 | ||||||||||
BANK BALANCES Per Bank Statement |
$ | 0.00 | $ | 11,290,040.44 | $ | 78,207.28 | $ | 0.00 | $ | 11,368,247.72 | ||||||||||
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