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8-K - FORM 8-K - PROFESSIONAL VETERINARY PRODUCTS LTD /NE/ | c65455e8vk.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
06/01/2011 THROUGH 06/30/2011
06/01/2011 THROUGH 06/30/2011
I CERTIFY UNDER PENALTY OF PERJURY THAT THE FOLLOWING CONSOLIDATED OPERATING
REPORT, CONSISTING OF ONE (1) PAGE IS TRUE AND CORRECT.
Date Submitted 7/11/11 | /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 June 1-30, 2011
For Period June 1-30, 2011
Wells Fargo | FNBO | JP Morgan | Fulton Bank | Total | ||||||||||||||||
BEGINNING BALANCE (05/31/11) |
$ | 0.00 | $ | 11,665,822.96 | $ | 64,734.02 | $ | 0.00 | $ | 11,730,556.98 | ||||||||||
RECEIPTS: |
||||||||||||||||||||
1. Receipts from A/R Collections |
0.00 | 63,019.48 | 0.00 | 0.00 | 63,019.48 | |||||||||||||||
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 |
0.00 | 5,000.00 | 0.00 | 0.00 | 5,000.00 | |||||||||||||||
5. Receipts from Sale of Fixed Assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
6. Other Receipts |
0.00 | 26,043.67 | 0.00 | 0.00 | 26,043.67 | |||||||||||||||
TOTAL RECEIPTS |
0.00 | 94,063.15 | 0.00 | 0.00 | 94,063.15 | |||||||||||||||
TRANSFERS: |
0.00 | 64,734.02 | (64,734.02 | ) | 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 | 3,967.22 | 0.00 | 0.00 | 3,967.22 | |||||||||||||||
b. FICA withholdings |
0.00 | 2,030.18 | 0.00 | 0.00 | 2,030.18 | |||||||||||||||
c. Medicare |
0.00 | 566.09 | 0.00 | 0.00 | 566.09 | |||||||||||||||
d. Federal Unemployment |
0.00 | 4.68 | 0.00 | 0.00 | 4.68 | |||||||||||||||
e. State Income Tax |
0.00 | 1,096.62 | 0.00 | 0.00 | 1,096.62 | |||||||||||||||
f. State Unemployment |
0.00 | 35.04 | 0.00 | 0.00 | 35.04 | |||||||||||||||
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 | 7,699.83 | 0.00 | 0.00 | 7,699.83 | |||||||||||||||
6. Necessary expenses: |
||||||||||||||||||||
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
(Net of income taxes withheld and reported above) |
0.00 | 4,752.23 | 0.00 | 0.00 | 4,752.23 | |||||||||||||||
Benefits |
0.00 | 750.73 | 0.00 | 0.00 | 750.73 | |||||||||||||||
Professional and Trustee Fees |
0.00 | 74,982.16 | 0.00 | 0.00 | 74,982.16 | |||||||||||||||
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 | 4,077.53 | 0.00 | 0.00 | 4,077.53 | |||||||||||||||
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 | 408.71 | 0.00 | 0.00 | 408.71 | |||||||||||||||
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 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
Misc. G&A and Other fees |
0.00 | 14,895.79 | 0.00 | 0.00 | 14,895.79 | |||||||||||||||
Subtotal necessary expenses |
0.00 | 99,867.15 | 0.00 | 0.00 | 99,867.15 | |||||||||||||||
TOTAL DISBURSEMENTS |
0.00 | 116,312.38 | 0.00 | 0.00 | 116,312.38 | |||||||||||||||
NET CASH FLOW |
0.00 | 42,484.79 | (64,734.02 | ) | 0.00 | (22,249.23 | ) | |||||||||||||
ENDING BANK BALANCE (6/30/11) |
$ | 0.00 | $ | 11,708,307.75 | $ | 0.00 | $ | 0.00 | $ | 11,708,307.75 | ||||||||||
BANK BALANCES Per Bank Statement |
$ | 0.00 | $ | 11,708,307.75 | $ | 0.00 | $ | 0.00 | $ | 11,708,307.75 | ||||||||||
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