Attached files
| file | filename |
|---|---|
| 8-K - CAPITAL GROWTH SYSTEMS INC /FL/ | v222030_8k.htm |
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Case No.
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10-12302 PJW
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Reporting Period: March 1 through March 31, 2011
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Capital Growth Systems, Inc.
Consolidating Statement of Operations
for the month of March 2011
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Consolidated
Total
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INCOME STATEMENT
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Revenues
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$ | 4,382,361 | ||
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Cost of Revenues
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$ | 3,245,387 | ||
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Gross Margin
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$ | 1,136,973 | ||
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OPERATING EXPENSES
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Compensation
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$ | 945,216 | ||
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Travel and entertainment
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$ | 57,776 | ||
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Occupancy
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$ | 73,208 | ||
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Professional services
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$ | 84,839 | ||
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Insurance
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$ | 7,571 | ||
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Restructuring Expenses
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$ | 431,014 | ||
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Other
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$ | 53,803 | ||
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Selling, general, and administrative expenses
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$ | 1,653,428 | ||
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EBITDA
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$ | (516,455 | ) | |
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Bad Debt Expense (Recovery)
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$ | 0 | ||
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Depreciation & Amortization
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$ | 224,069 | ||
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Operating Income (Loss)
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$ | (740,524 | ) | |
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Interest Expense
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$ | 1,470,407 | ||
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NET INCOME (LOSS)
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$ | (2,210,931 | ) | |
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Case No.
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10-12302 PJW
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Reporting Period: March 1 through March 31, 2011
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Capital Growth Systems, Inc.
Consolidating Statement of Operations
for the two months ending March 31, 2011
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Consolidated Total
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INCOME STATEMENT
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Revenues
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$ | 13,123,313 | ||
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Cost of Revenues
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$ | 9,807,664 | ||
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Gross Margin
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$ | 3,315,649 | ||
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OPERATING EXPENSES
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Compensation
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$ | 2,562,599 | ||
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Travel and entertainment
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$ | 297,013 | ||
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Occupancy
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$ | 209,006 | ||
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Professional services
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$ | 373,540 | ||
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Insurance
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$ | 22,711 | ||
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Restructuring Expenses
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$ | 903,142 | ||
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Other
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$ | (126,731 | ) | |
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Selling, general, and administrative expenses
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$ | 4,241,279 | ||
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EBITDA
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$ | (925,630 | ) | |
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Bad Debt Expense (Recovery)
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$ | 15,000 | ||
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Depreciation & Amortization
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$ | 675,825 | ||
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Operating Income (Loss)
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$ | (1,616,455 | ) | |
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Interest Expense
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$ | 4,229,124 | ||
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NET INCOME (LOSS)
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$ | (5,845,579 | ) | |
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Case No.
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10-12302 PJW
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Reporting Period: March 1 through March 31, 2011
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Capital Growth Systems, Inc.
Summary of All Units
For the Month Ending March 31, 2011
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Consolidated Total
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BALANCE SHEET
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Current Assets
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Cash
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$ | 2,054,996 | ||
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Accounts Receivable, net
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$ | 3,869,822 | ||
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Other Current Assets
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$ | 4,643,229 | ||
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Total Current Assets
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$ | 10,568,047 | ||
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Fixed Assets, gross
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$ | 4,500,761 | ||
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Accumulated Depreciation
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$ | (3,843,567 | ) | |
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Fixed Assets, net
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$ | 657,194 | ||
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Other Assets
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Other Assets
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$ | 185,788 | ||
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Intangible Assets
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$ | 13,517,876 | ||
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Goodwill
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$ | 1,479,649 | ||
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Total Assets
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$ | 26,408,554 | ||
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Current Liabilities
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Current maturities of debt
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$ | 27,591,701 | ||
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Post-Petition Accounts Payable
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$ | 4,874,266 | ||
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Pre-Petition Accounts Payable
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$ | 13,072,191 | ||
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Post-Petition Accrued Expenses
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$ | 1,697,299 | ||
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Pre-Petition Accrued Expenses
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$ | 5,133,380 | ||
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Deferred Revenue - Short Term
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$ | 3,335,180 | ||
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Total Current Liabilities
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$ | 55,704,017 | ||
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Long-term Liabilities
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Debt
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$ | 10,567,699 | ||
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Taxes
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$ | 67,000 | ||
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Total Long-term Liabilities
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$ | 10,634,699 | ||
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Total Liabilities
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$ | 66,338,716 | ||
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Shareholders' Equity
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Common stock
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$ | 17,015 | ||
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Additional Paid in Capital
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$ | 91,602,291 | ||
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Retained Earnings, beginning of year
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$ | (125,089,332 | ) | |
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Cumulative (gain) loss on currency translation
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$ | (614,557 | ) | |
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Current Year Retained Earnings Inc/Loss
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$ | (5,845,579 | ) | |
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Total Equity
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$ | (39,930,162 | ) | |
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Total Liabilities and Shareholders' Equity
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$ | 26,408,554 | ||
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Case No.
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10-12302 PJW
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Reporting Period: March 1 through March 31, 2011
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Capital Growth Systems, Inc.
Consolidated AP Aging Report (post-petition)
As of 3/31/2011
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Current
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1-30 | 31-60 | 61-90 |
Over 90
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Total
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Total Accounts Payable
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$ | 31,981 | $ | 2,364,195 | $ | -55,949 | $ | 402,807 | $ | 2,095,119 | $ | 4,838,152 | ||||||||||||
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Case No.
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10-12302 PJW
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Reporting Period: March 1 through March 31, 2011
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Capital Growth Systems, Inc.
Consolidated AR Aging Report (Gross Receivables)
As of 3/31/2011
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Current
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1-30 Days
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31 - 60 Days
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61+
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Total
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Total Accounts Receivables
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$ | 2,111,899 | $ | 632,237 | $ | 108,773 | $ | 1,578,993 | $ | 4,431,902 | ||||||||||