Attached files
file | filename |
---|---|
8-K - 8-K - BEACON POWER CORP | a12-5641_18k.htm |
Exhibit 99.1
UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF DELEWARE
In re Beacon Power Corporation, et al., |
Case No. 11-13450(KJC) Jointly Administered |
|
Reporting Period: October 30, 2011 thru November 30, 2011 |
MONTHLY OPERATING REPORT
Filed with Court and submit copy to United States Trustee
|
|
|
|
Document |
|
Explanation |
|
Affidavit/Supplement |
REQUIRED DOCUMENTS |
|
Form No. |
|
Attached |
|
Attached |
|
Attached |
Schedule of Cash Receipts and Disbursements |
|
MOR-1 |
|
Yes |
|
N/A |
|
N/A |
Bank Reconciliation Summary |
|
MOR-1a |
|
Yes |
|
N/A |
|
N/A |
Schedule of Professional Fees Paid |
|
MOR-1b |
|
N/A |
|
N/A |
|
N/A |
Statement of Operations |
|
MOR-2 |
|
Yes |
|
N/A |
|
N/A |
Balance Sheet |
|
MOR-3 |
|
Yes |
|
N/A |
|
N/A |
Summary of Unpaid Postpetition Debts |
|
MOR-4 |
|
Yes |
|
N/A |
|
N/A |
Listing of aged accounts payable |
|
MOR-4 |
|
Yes |
|
N/A |
|
N/A |
Accounts Receivable Reconciliation and Aging |
|
MOR-5 |
|
Yes |
|
N/A |
|
N/A |
Debtor Questionnaire |
|
MOR-5 |
|
Yes |
|
N/A |
|
N/A |
I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief.
/s/ F.W. Capp |
|
16-Feb-12 | |
Signature of Debtor |
|
Date | |
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| |
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|
| |
/s/ F.W. Capp |
|
16-Feb-12 | |
Signature of Joint Debtor |
|
Date | |
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| |
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| |
/s/ F.W. Capp |
|
16-Feb-12 | |
Signature of Authorized Individual* |
|
Date |
|
/s/ F.W. Capp |
|
President & CEO, Beacon Power Corporation |
Printed Name of Authorized Individual |
|
Title of Authorized Individual |
*Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company.
In re Beacon Power Corporation, et al., |
Case No. 11-13450(KJC) Jointly Administered | |
|
Debtor |
Reporting Period: October 30, 2011 thru November 30, 2011 |
SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS
|
|
Oct 29, 2011 - Dec 2, 2011* |
|
CUMULATIVE FILING TO DATE |
| ||||
|
|
ACTUAL |
|
PROJECTED** |
|
ACTUAL |
|
PROJECTED |
|
CASH BEGINNING OF MONTH |
|
652,469 |
|
652,469 |
|
652,469 |
|
652,469 |
|
|
|
|
|
|
|
|
|
|
|
RECEIPTS |
|
|
|
|
|
|
|
|
|
SRS |
|
40,873 |
|
40,873 |
|
40,873 |
|
40,873 |
|
ARPAe |
|
90,706 |
|
90,706 |
|
90,706 |
|
90,706 |
|
HRS Grant |
|
0 |
|
0 |
|
0 |
|
0 |
|
Navy |
|
0 |
|
0 |
|
0 |
|
0 |
|
SBIR |
|
6,589 |
|
6,589 |
|
6,589 |
|
6,589 |
|
Other |
|
1,446 |
|
1,446 |
|
1,446 |
|
1,446 |
|
|
|
|
|
|
|
|
|
|
|
TOTAL RECEIPTS |
|
139,614 |
|
139,614 |
|
139,614 |
|
139,614 |
|
|
|
|
|
|
|
|
|
|
|
DISBURSEMENTS |
|
|
|
|
|
|
|
|
|
Accounts Payable & Accrued Expenses |
|
206,934 |
|
206,934 |
|
206,934 |
|
206,934 |
|
Payroll & Benefits |
|
624,057 |
|
624,057 |
|
624,057 |
|
624,057 |
|
Rent |
|
70,814 |
|
70,814 |
|
70,814 |
|
70,814 |
|
Insurance |
|
48,812 |
|
48,812 |
|
48,812 |
|
48,812 |
|
Legal Fees - General & Regulatory |
|
0 |
|
0 |
|
0 |
|
0 |
|
Other |
|
0 |
|
0 |
|
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
|
SRS Advances |
|
0 |
|
0 |
|
0 |
|
0 |
|
SRS Base Equity |
|
-527,176 |
|
-527,176 |
|
-527,176 |
|
-527,176 |
|
SRS Maintenance Reserve Account |
|
-593,842 |
|
-593,842 |
|
-593,842 |
|
-593,842 |
|
|
|
|
|
|
|
|
|
|
|
Legal Fees - Restructuring |
|
0 |
|
0 |
|
0 |
|
0 |
|
Financial Advisor Fees |
|
0 |
|
0 |
|
0 |
|
0 |
|
DE Counsel |
|
0 |
|
0 |
|
0 |
|
0 |
|
Claims Agent |
|
16,763 |
|
16,763 |
|
16,763 |
|
16,763 |
|
Creditors Committee |
|
0 |
|
0 |
|
0 |
|
0 |
|
US Trustee |
|
0 |
|
0 |
|
0 |
|
0 |
|
Utility Deposits |
|
24,480 |
|
24,480 |
|
24,480 |
|
24,480 |
|
Other |
|
0 |
|
0 |
|
0 |
|
0 |
|
TOTAL DISBURSEMENTS |
|
-129,158 |
|
-129,158 |
|
-129,158 |
|
-129,158 |
|
|
|
|
|
|
|
|
|
|
|
NET CASH FLOW |
|
268,772 |
|
268,772 |
|
268,772 |
|
268,772 |
|
(RECEIPTS LESS DISBURSEMENTS) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CASH - END OF MONTH |
|
921,240 |
|
921,240 |
|
921,240 |
|
921,240 |
|
* RESULTS FROM WEEKLY, ACTUAL CASH FLOW PER CASH COLLATERAL ORDER
** REVISED CASH COLLATERAL BUDGET INCLUDED ACTUALS FOR THE REPORTED TIME PERIOD
In re Beacon Power Corporation, et al., |
Case No. 11-13450(KJC) Jointly Administered | |
|
Debtor |
Reporting Period: October 30, 2011 thru November 30, 2011 |
BANK RECONCILIATIONS
Continuation Sheet for MOR-1
|
|
Book |
|
Bank |
|
|
Silicon Valley Acct# 3300686184 |
|
1,008,743.99 |
|
1,028,908.87 |
|
Operating Account - Bank reconciliation complete |
Silicon Valley Acct# 3300705436 |
|
(36,329.44 |
) |
0.00 |
|
Payroll Account - Bank reconciliation complete |
SVB Acct# 3300705421 |
|
200,000.00 |
|
200,000.00 |
|
Escrow Account - Bank reconciliation complete |
SVB Acct# 3300780535 |
|
50,000.00 |
|
50,000.00 |
|
Escrow Account - Bank reconciliation complete |
Black Rock Acct#31874 |
|
11,525.36 |
|
11,523.92 |
|
NEISO Account - Bank reconciliation complete |
PNC Bank Acct#1028880235R8N |
|
1,889,153.92 |
|
1,889,153.92 |
|
SRS Project Equity Account - Bank Reconciliation Complete |
PNC Bank Acct#1028880235 |
|
12,769.21 |
|
12,769.21 |
|
SRS Project Maintenance Account - Bank Reconciliation Complete |
PNC Bank Acct#1028880235R2P |
|
23,644.67 |
|
23,644.67 |
|
SRS Project Revenue Account - Bank Reconciliation Complete |
In re Beacon Power Corporation, et al., |
|
Case No. 11-13450(KJC) Jointly Administered |
Debtor |
|
Reporting Period: October 30, 2011 thru November 30, 2011 |
STATEMENT OF OPERATIONS
(Income Statement)
|
|
MONTH OF NOVEMBER 2011 |
| |||||||||||||
|
|
Total Beacon |
|
Stephentown |
|
Stephentown |
|
Total |
|
Consolidated |
| |||||
|
|
Corporation - Legal |
|
Holding |
|
Operating |
|
Eliminations |
|
Beacon |
| |||||
REVENUES |
|
|
|
|
|
|
|
|
|
|
| |||||
Net Revenue |
|
$ |
153,247 |
|
$ |
0 |
|
$ |
111,072 |
|
$ |
(4,211 |
) |
$ |
260,107 |
|
COST OF GOODS SOLD |
|
|
|
|
|
|
|
|
|
|
| |||||
Cost of Goods Sold |
|
149,741 |
|
0 |
|
54,591 |
|
0 |
|
204,332 |
| |||||
Gross Profit |
|
3,506 |
|
0 |
|
56,481 |
|
-4,211 |
|
55,775 |
| |||||
OPERATING EXPENSES |
|
|
|
|
|
|
|
|
|
|
| |||||
Salaries and benefits |
|
611,008 |
|
0 |
|
0 |
|
0 |
|
611,008 |
| |||||
Bonus |
|
43,404 |
|
0 |
|
0 |
|
0 |
|
43,404 |
| |||||
Stock Compensation Exp. |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
| |||||
Materials |
|
13,401 |
|
0 |
|
2,498 |
|
0 |
|
15,899 |
| |||||
Consulting |
|
27,103 |
|
0 |
|
251 |
|
0 |
|
27,354 |
| |||||
Legal and Audit Expense |
|
62,520 |
|
0 |
|
0 |
|
0 |
|
62,520 |
| |||||
Occupancy Expenses |
|
64,843 |
|
0 |
|
0 |
|
0 |
|
64,843 |
| |||||
Real estate taxes and insurance |
|
17,511 |
|
0 |
|
16,089 |
|
0 |
|
33,600 |
| |||||
Public Company / Investor Relations |
|
63,021 |
|
167 |
|
1,000 |
|
0 |
|
64,188 |
| |||||
Interconnection and ISO fees |
|
788 |
|
0 |
|
492 |
|
0 |
|
1,280 |
| |||||
Repair and Maintenance |
|
469 |
|
0 |
|
37,897 |
|
0 |
|
38,366 |
| |||||
Software and Software Maintenance |
|
8,774 |
|
0 |
|
0 |
|
0 |
|
8,774 |
| |||||
Hiring Costs |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
| |||||
Taxes-Misc |
|
7,477 |
|
0 |
|
0 |
|
0 |
|
7,477 |
| |||||
Travel |
|
8,974 |
|
0 |
|
4,424 |
|
0 |
|
13,398 |
| |||||
Outside Documentation and Testing |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
| |||||
Supplies and Equipment |
|
2,004 |
|
0 |
|
5,813 |
|
0 |
|
7,817 |
| |||||
Phone |
|
7,765 |
|
0 |
|
55 |
|
0 |
|
7,820 |
| |||||
Other Expenses |
|
10,900 |
|
0 |
|
3,829 |
|
0 |
|
14,728 |
| |||||
Allocations |
|
-196,261 |
|
0 |
|
0 |
|
0 |
|
-196,261 |
| |||||
License, permits and development fees |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
| |||||
Administrative services |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
| |||||
Operation services |
|
0 |
|
|
|
0 |
|
0 |
|
0 |
| |||||
Casualty Loss |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
| |||||
Contract Loss |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
| |||||
Loss on asset impairment |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
| |||||
Depreciation |
|
159,203 |
|
0 |
|
52,683 |
|
-13,681 |
|
198,205 |
| |||||
Amortization |
|
1,460 |
|
0 |
|
4,211 |
|
-4,211 |
|
1,460 |
| |||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
Net Profit (Loss) Before Other Income & Expenses |
|
-910,858 |
|
-167 |
|
-72,761 |
|
13,681 |
|
-970,105 |
| |||||
OTHER INCOME AND EXPENSES |
|
|
|
|
|
|
|
|
|
|
| |||||
Other Income |
|
729 |
|
0 |
|
0 |
|
0 |
|
730 |
| |||||
Interest Expense |
|
-34,951 |
|
0 |
|
481 |
|
0 |
|
-34,470 |
| |||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
Net Profit (Loss) Before Reorganization Items |
|
-945,080 |
|
-167 |
|
-72,280 |
|
13,681 |
|
-1,003,845 |
| |||||
REORGANIZATION ITEMS |
|
|
|
|
|
|
|
|
|
|
| |||||
Professional Fees |
|
-50,000 |
|
0 |
|
0 |
|
0 |
|
-50,000 |
| |||||
Other Reorganization Expenses |
|
-23,771 |
|
0 |
|
0 |
|
0 |
|
-23,771 |
| |||||
Total Reorganization Expenses |
|
-73,771 |
|
0 |
|
0 |
|
0 |
|
-73,771 |
| |||||
Income Taxes |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
| |||||
Net Profit (Loss) |
|
-1,018,851 |
|
-167 |
|
-72,280 |
|
13,681 |
|
-1,077,616 |
| |||||
In re Beacon Power Corporation, et al., |
|
Case No. 11-13450(KJC) Jointly Administered |
Debtor |
|
Reporting Period: October 30, 2011 thru November 30, 2011 |
BALANCE SHEET
|
|
BOOK VALUE AT END OF NOVEMBER 30, 2011 |
|
BOOK VALUE ON PETITION DATE OF OCTOBER 30, 2011 |
| ||||||||||||||||
|
|
Beacon Corp |
|
Stephentown |
|
Stephentown |
|
|
|
Consolidated |
|
Beacon Corp |
|
Stephentown |
|
Stephentown |
|
|
|
Consolidated |
|
|
|
Only |
|
Operating |
|
Holding |
|
Eliminations |
|
Beacon |
|
Only |
|
Operating |
|
Holding |
|
Eliminations |
|
Beacon |
|
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
974,033 |
|
0 |
|
0 |
|
0 |
|
974,033 |
|
653,479 |
|
531,039 |
|
0 |
|
0 |
|
1,184,518 |
|
Accounts receivable, trade, net |
|
197,414 |
|
23,678 |
|
0 |
|
0 |
|
221,092 |
|
293,160 |
|
30,601 |
|
0 |
|
-1 |
|
323,760 |
|
Inventory |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
Unbilled costs on contracts in progress |
|
315,717 |
|
0 |
|
0 |
|
0 |
|
315,717 |
|
168,146 |
|
0 |
|
0 |
|
0 |
|
168,146 |
|
Prepaid expenses and other current assets |
|
957,167 |
|
108,713 |
|
1,333 |
|
-1 |
|
1,067,212 |
|
846,751 |
|
1,772 |
|
1,500 |
|
2 |
|
850,025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL CURRENT ASSETS |
|
2,444,331 |
|
132,391 |
|
1,333 |
|
-1 |
|
2,578,054 |
|
1,961,536 |
|
563,412 |
|
1,500 |
|
1 |
|
2,526,449 |
|
PROPERTY AND EQUIPMENT |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL PROPERTY & EQUIPMENT |
|
12,517,546 |
|
12,446,816 |
|
0 |
|
-1,165,685 |
|
23,798,677 |
|
12,600,062 |
|
12,499,499 |
|
0 |
|
-1,179,365 |
|
23,920,196 |
|
OTHER ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Restricted cash |
|
261,525 |
|
1,925,568 |
|
0 |
|
0 |
|
2,187,093 |
|
262,589 |
|
2,493,028 |
|
0 |
|
0 |
|
2,755,617 |
|
Investment in subsidiary |
|
26,323,581 |
|
0 |
|
26,323,581 |
|
-52,647,162 |
|
0 |
|
26,323,581 |
|
0 |
|
26,323,581 |
|
-52,647,162 |
|
0 |
|
Deferred financing costs |
|
95,563 |
|
0 |
|
0 |
|
0 |
|
95,563 |
|
95,563 |
|
0 |
|
0 |
|
0 |
|
95,563 |
|
Advance payments to suppliers |
|
509,089 |
|
0 |
|
0 |
|
0 |
|
509,089 |
|
509,089 |
|
0 |
|
0 |
|
0 |
|
509,089 |
|
Intercompany receivables (net) |
|
1,326,179 |
|
-1,321,213 |
|
-4,966 |
|
0 |
|
0 |
|
2,392,595 |
|
-2,387,629 |
|
-4,966 |
|
0 |
|
0 |
|
Other Assets |
|
307,296 |
|
964,285 |
|
0 |
|
-964,285 |
|
307,296 |
|
303,256 |
|
968,496 |
|
0 |
|
-968,496 |
|
303,256 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL OTHER ASSETS |
|
28,823,233 |
|
1,568,640 |
|
26,318,615 |
|
-53,611,447 |
|
3,099,041 |
|
29,886,673 |
|
1,073,895 |
|
26,318,615 |
|
-53,615,658 |
|
3,663,525 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL ASSETS |
|
43,785,110 |
|
14,147,847 |
|
26,319,948 |
|
-54,777,133 |
|
29,475,772 |
|
44,448,271 |
|
14,136,806 |
|
26,320,115 |
|
-54,795,022 |
|
30,110,170 |
|
|
|
BOOK VALUE AT END OF NOVEMBER 30, 2011 |
|
BOOK VALUE ON PETITION DATE OF OCTOBER 30, 2011 |
| ||||||||||||||||
|
|
Beacon Corp |
|
Stephentown |
|
Stephentown |
|
|
|
Consolidated |
|
Beacon Corp |
|
Stephentown |
|
Stephentown |
|
|
|
Consolidated |
|
|
|
Only |
|
Operating |
|
Holding |
|
Eliminations |
|
Beacon |
|
Only |
|
Operating |
|
Holding |
|
Eliminations |
|
Beacon |
|
LIABILITIES AND OWNER EQUITY |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities not subject to compromise: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts payable |
|
202,969 |
|
0 |
|
0 |
|
0 |
|
202,969 |
|
408 |
|
0 |
|
0 |
|
0 |
|
408 |
|
Accrued compensation and benefits |
|
319,340 |
|
0 |
|
0 |
|
0 |
|
319,340 |
|
310,418 |
|
0 |
|
0 |
|
0 |
|
310,418 |
|
Other accrued expenses |
|
212,495 |
|
92,166 |
|
0 |
|
-3 |
|
304,658 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
Deferred revenue - current |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
Advance billings on contracts |
|
63,660 |
|
0 |
|
0 |
|
0 |
|
63,660 |
|
28,297 |
|
0 |
|
0 |
|
0 |
|
28,297 |
|
Accrued contract loss |
|
757,041 |
|
0 |
|
0 |
|
0 |
|
757,041 |
|
805,234 |
|
0 |
|
0 |
|
0 |
|
805,234 |
|
Mandatorily redeemable preferred stock |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
Preferred stock warrant liability - current |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
Restructuring reserve |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
TOTAL LIABILITIES NOT SUBJECT TO COMPROMISE |
|
1,555,505 |
|
92,166 |
|
0 |
|
-3 |
|
1,647,668 |
|
1,144,357 |
|
0 |
|
0 |
|
0 |
|
1,144,357 |
|
|
|
BOOK VALUE AT END OF NOVEMBER 30, 2011 |
|
BOOK VALUE ON PETITION DATE OF OCTOBER 30, 2011 |
| ||||||||||||||||
|
|
Beacon Corp |
|
Stephentown |
|
Stephentown |
|
|
|
Consolidated |
|
Beacon Corp |
|
Stephentown |
|
Stephentown |
|
|
|
Consolidated |
|
|
|
Only |
|
Operating |
|
Holding |
|
Eliminations |
|
Beacon |
|
Only |
|
Operating |
|
Holding |
|
Eliminations |
|
Beacon |
|
LIABILITIES AND OWNER EQUITY |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities subject to compromise: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts payable |
|
2,279,775 |
|
0 |
|
0 |
|
0 |
|
2,279,775 |
|
2,274,913 |
|
0 |
|
0 |
|
0 |
|
2,274,913 |
|
Other accrued expenses |
|
1,586,063 |
|
195,024 |
|
0 |
|
1 |
|
1,781,088 |
|
1,661,832 |
|
203,869 |
|
0 |
|
2 |
|
1,865,703 |
|
Deferred Revenue |
|
1,975,862 |
|
0 |
|
0 |
|
-964,285 |
|
1,011,577 |
|
1,980,073 |
|
0 |
|
0 |
|
-968,496 |
|
1,011,577 |
|
Deferred rent |
|
597,512 |
|
0 |
|
0 |
|
0 |
|
597,512 |
|
612,813 |
|
0 |
|
0 |
|
0 |
|
612,813 |
|
Common stock warrant liability |
|
515,118 |
|
0 |
|
0 |
|
0 |
|
515,118 |
|
515,118 |
|
0 |
|
0 |
|
0 |
|
515,118 |
|
Long term debt |
|
3,139,731 |
|
35,856,796 |
|
0 |
|
0 |
|
38,996,527 |
|
3,139,731 |
|
35,856,796 |
|
0 |
|
0 |
|
38,996,527 |
|
TOTAL LIABILITIES SUBJECT TO COMPROMISE |
|
10,094,061 |
|
36,051,820 |
|
0 |
|
-964,284 |
|
45,181,597 |
|
10,184,480 |
|
36,060,665 |
|
0 |
|
-968,494 |
|
45,276,651 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL LIABILITIES |
|
11,649,566 |
|
36,143,986 |
|
0 |
|
-964,287 |
|
46,829,265 |
|
11,328,837 |
|
36,060,665 |
|
0 |
|
-968,494 |
|
46,421,008 |
|
OWNER EQUITY |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Preferred stock |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
Common stock |
|
322,785 |
|
0 |
|
0 |
|
0 |
|
322,785 |
|
318,901 |
|
0 |
|
0 |
|
0 |
|
318,901 |
|
Partner shares |
|
0 |
|
26,323,581 |
|
26,323,581 |
|
-52,647,162 |
|
0 |
|
0 |
|
26,323,581 |
|
26,323,581 |
|
-52,647,162 |
|
0 |
|
Deferred stock compensation |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
Additional paid-in-capital |
|
277,679,598 |
|
0 |
|
0 |
|
0 |
|
277,679,598 |
|
277,648,521 |
|
0 |
|
0 |
|
0 |
|
277,648,521 |
|
Accumulated deficit |
|
-245,153,375 |
|
-48,319,720 |
|
-3,633 |
|
-1,165,684 |
|
-294,642,412 |
|
-244,134,524 |
|
-48,247,440 |
|
-3,466 |
|
-1,179,366 |
|
-293,564,796 |
|
Treasury stock |
|
-713,464 |
|
0 |
|
0 |
|
0 |
|
-713,464 |
|
-713,464 |
|
0 |
|
0 |
|
0 |
|
-713,464 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET OWNER EQUITY |
|
32,135,544 |
|
-21,996,139 |
|
26,319,948 |
|
-53,812,846 |
|
-17,353,493 |
|
33,119,434 |
|
-21,923,859 |
|
26,320,115 |
|
-53,826,528 |
|
-16,310,838 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL LIABILITIES AND OWNERS EQUITY |
|
43,785,110 |
|
14,147,847 |
|
26,319,948 |
|
-54,777,133 |
|
29,475,772 |
|
44,448,271 |
|
14,136,806 |
|
26,320,115 |
|
-54,795,022 |
|
30,110,170 |
|
In re Beacon Power Corporation, et al., |
|
Case No. 11-13450(KJC) Jointly Administered | |
|
Debtor |
|
Reporting Period: October 30, 2011 thru November 30, 2011 |
SUMMARY OF UNPAID POSTPETITION DEBTS
|
|
|
|
Number of Days Past Due |
|
|
| ||||||
|
|
Current |
|
0-30 |
|
31-60 |
|
61-90 |
|
Over 90 |
|
Total |
|
Accounts Payable |
|
202,976 |
|
687.89 |
|
408.13 |
|
0 |
|
0 |
|
204,072 |
|
Wages and Benefits |
|
Current |
|
0 |
|
0 |
|
0 |
|
0 |
|
Current |
|
Taxes Payable |
|
Current |
|
0 |
|
0 |
|
0 |
|
0 |
|
Current |
|
Rent/Leases - Building |
|
Current |
|
0 |
|
0 |
|
0 |
|
0 |
|
Current |
|
Rent/Leases - Equipment |
|
Current |
|
0 |
|
0 |
|
0 |
|
0 |
|
Current |
|
Secured Debt/Adequate Protection Payments |
|
Current |
|
0 |
|
0 |
|
0 |
|
0 |
|
Current |
|
Professional Fees |
|
Current |
|
0 |
|
0 |
|
0 |
|
0 |
|
Current |
|
Amounts Due to Insiders (Accrued Bonus) |
|
Current |
|
0 |
|
0 |
|
0 |
|
0 |
|
Current |
|
Other - Accrued Contract Loss/Advance Billing on Contracts |
|
Current |
|
0 |
|
0 |
|
0 |
|
0 |
|
Current |
|
Other - Accruals |
|
Current |
|
0 |
|
0 |
|
0 |
|
0 |
|
Current |
|
Other - Note Payable (Insurance) |
|
Current |
|
0 |
|
0 |
|
0 |
|
0 |
|
Current |
|
In re Beacon Power Corporation, et al., |
Case No. 11-13450(KJC) Jointly Administered | |
|
Debtor |
Reporting Period: October 30, 2011 thru November 30, 2011 |
ACCOUNTS RECEIVABLE RECONCILIATION AND AGING
Accounts Receivable Reconciliation |
|
Amount |
|
|
|
Total Accounts Receivable at the beginning of the reporting period |
|
|
|
323,760 |
|
+ Amounts billed during the period |
|
57,537 |
|
|
|
- Amounts collected during the period |
|
-160,206 |
|
|
|
Total Accounts Receivable at the end of the reporting period |
|
|
|
221,092 |
|
Accounts Receivable Aging |
|
Amount |
|
|
|
0 - 30 days old |
|
23,678 |
|
|
|
31 - 60 days old |
|
146,843 |
|
|
|
61 - 90 days old |
|
0 |
|
|
|
91+ days old |
|
50,571 |
|
|
|
Total Accounts Receivable |
|
|
|
221,092 |
|
Amount considered uncollectible (Bad Debt) |
|
0 |
|
|
|
Accounts Receivable (Net) |
|
|
|
221,092 |
|
DEBTOR QUESTIONNAIRE
Must be completed each month |
|
Yes |
|
No |
| |
1. |
Have any assets been sold or transferred outside the normal course of business this reporting period? If yes, provide an explanation below. |
|
|
|
x |
|
2. |
Have any funds been disbursed from any account other than a debtor in possession account this reporting period? If yes, provide an explanation below. |
|
|
|
x |
|
3. |
Have all postpetition tax returns been timely filed? If no, provide an explanation below. |
|
x |
|
|
|
4. |
Are workers compensation, general liability and other necessary insurance coverages in effect? If no, provide an explanation below. |
|
x |
|
|
|
5. |
Has any bank account been opened during the reporting period? If yes, provide documentation identifying the opened account(s). If an investment account has been opened provide the required documentation pursuant to the Delaware Local Rule 4001-3. |
|
|
|
x |
|