Attached files
file | filename |
---|---|
8-K - FORM 8-K - PROFESSIONAL VETERINARY PRODUCTS LTD /NE/ | d280696d8k.htm |
Exhibit 99.1
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF NEBRASKA
In re:
PROFESSIONAL VETERINARY PRODUCTS, LTD, A NEBRASKA CORPORATION,
Debtor, |
) Case No. 10-82436 ) ) CHAPTER 11 ) ) ) ) ) | |
In re:
EXACT LOGISTICS, LLC,
Debtor, |
) Case No. 10-82438 ) ) CHAPTER 11 ) ) ) ) ) | |
In re:
PROCONN, LLC,
Debtor, |
) Case No. 10-82437 ) ) CHAPTER 11 ) ) ) ) ) |
MONTHLY OPERATING REPORT FOR THE PERIOD
12/01/2011 THROUGH 12/31/2011
I CERTIFY UNDER PENALTY OF PERJURY THAT THE FOLLOWING CONSOLIDATED OPERATING REPORT, CONSISTING OF ONE (1) PAGE IS TRUE AND CORRECT.
Date Submitted 1/9/12 | /s/ Vicky Winkler | |||||
Vicky Winkler, President/CEO | ||||||
IN THE UNITED STATES BANKRUPTCY COURT
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
Summary of Cash Receipts and Disbursements For The Above Noted Entity
For Period December 1-31, 2011
Wells Fargo | FNBO | JP Morgan | Fulton Bank | Total | ||||||||||||||||
BEGINNING BALANCE (11/30/11) |
$ | 0.00 | $ | 8,509,915.07 | $ | 0.00 | $ | 0.00 | $ | 8,509,915.07 | ||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
RECEIPTS: |
||||||||||||||||||||
1. Receipts from Operations |
0.00 | 15,181.00 | 0.00 | 0.00 | 15,181.00 | |||||||||||||||
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 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
5. Receipts from Sale of Fixed Assets (1) |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
6. Receipts from Sale of Building |
0.00 | 4,445,712.56 | 0.00 | 0.00 | 4,445,712.56 | |||||||||||||||
7. Other Receipts |
0.00 | 1,963.00 | 0.00 | 0.00 | 1,963.00 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
TOTAL RECEIPTS |
0.00 | 4,462,856.56 | 0.00 | 0.00 | 4,462,856.56 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
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 | 10,430.29 | 0.00 | 0.00 | 10,430.29 | |||||||||||||||
b. Directors |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Subtotalpayments to Officers and Directors |
0.00 | 10,430.29 | 0.00 | 0.00 | 10,430.29 | |||||||||||||||
5. Taxespersonnel |
||||||||||||||||||||
a. Federal Income Tax |
0.00 | 4,234.62 | 0.00 | 0.00 | 4,234.62 | |||||||||||||||
b. FICA withholdings |
0.00 | 822.39 | 0.00 | 0.00 | 822.39 | |||||||||||||||
c. Medicare |
0.00 | 667.86 | 0.00 | 0.00 | 667.86 | |||||||||||||||
d. Federal Unemployment |
0.00 | 1.41 | 0.00 | 0.00 | 1.41 | |||||||||||||||
e. State Income Tax |
0.00 | 1,238.58 | 0.00 | 0.00 | 1,238.58 | |||||||||||||||
f. State Unemployment |
0.00 | 14.07 | 0.00 | 0.00 | 14.07 | |||||||||||||||
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 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Subtotaltaxes |
0.00 | 6,978.93 | 0.00 | 0.00 | 6,978.93 | |||||||||||||||
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 | 6,797.26 | 0.00 | 0.00 | 6,797.26 | |||||||||||||||
Benefits |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
Professional and Trustee Fees |
0.00 | 235,110.84 | 0.00 | 0.00 | 235,110.84 | |||||||||||||||
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 | 3,691.92 | 0.00 | 0.00 | 3,691.92 | |||||||||||||||
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 | 6,277.24 | 0.00 | 0.00 | 6,277.24 | |||||||||||||||
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 | 149,508.84 | 0.00 | 0.00 | 149,508.84 | |||||||||||||||
Accounting and Tax Fees |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
Income Taxes |
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 | |||||||||||||||
DVM Settlement |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
Boehringer Ingeljeim-Inventory |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
Jelecos |
0.00 | 49,359.67 | 0.00 | 0.00 | 49,359.67 | |||||||||||||||
Misc. G&A and Other fees |
0.00 | 9,278.03 | 0.00 | 0.00 | 9,278.03 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Subtotalnecessary expenses |
0.00 | 460,023.80 | 0.00 | 0.00 | 460,023.80 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
TOTAL DISBURSEMENTS |
0.00 | 477,433.02 | 0.00 | 0.00 | 477,433.02 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
NET CASH FLOW |
0.00 | 3,985,423.54 | 0.00 | 0.00 | 3,985,423.54 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
ENDING BANK BALANCE (12/31/11) |
$ | 0.00 | $ | 12,495,338.61 | $ | 0.00 | $ | 0.00 | $ | 12,495,338.61 | ||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
BANK BALANCES Per Bank Statement |
$ | 0.00 | $ | 12,495,338.61 | $ | 0.00 | $ | 0.00 | $ | 12,495,338.61 | ||||||||||
|
|
|
|
|
|
|
|
|
|
Page 1