Case No. | 10-12302 PJW |
Reporting Period: January 1 through January 31, 2011
Capital Growth Systems, Inc.
Consolidating Statement of Operations
for the month of January 2011
Consolidated Total | ||||
INCOME STATEMENT | ||||
Revenues | $ | 4,307,611 | ||
Cost of Revenues | $ | 3,232,089 | ||
Gross Margin | $ | 1,075,522 | ||
OPERATING EXPENSES | ||||
Compensation | $ | 742,283 | ||
Travel and entertainment | $ | 89,199 | ||
Occupancy | $ | 71,726 | ||
Professional services | $ | 93,194 | ||
Insurance | $ | 66,329 | ||
Restructuring Expenses | $ | 250,390 | ||
Other | $ | 69,692 | ||
Selling, general, and administrative expenses | $ | 1,382,813 | ||
EBITDA | $ | (307,291 | ) | |
Depreciation | $ | 31,433 | ||
Amortization | $ | 196,253 | ||
Operating Income (Loss) | $ | (534,977 | ) | |
Interest Expense | $ | 1,431,753 | ||
Income tax expense (benefit) | $ | 1,664 | ||
NET INCOME (LOSS) | $ | (1,968,394 | ) |
Case No. | 10-12302 PJW |
Reporting Period: January 1 through January 31, 2011
Capital Growth Systems, Inc.
Summary of All Units
For the Month Ending January 31, 2011
Consolidated Total | ||||
BALANCE SHEET | ||||
Current Assets | ||||
Cash | $ | 2,118,242 | ||
Accounts Receivable, net | $ | 5,029,224 | ||
Other Current Assets | $ | 4,177,454 | ||
Total Current Assets | $ | 11,324,920 | ||
Fixed Assets, gross | $ | 3,827,133 | ||
Accumulated Depreciation | $ | (3,134,931 | ) | |
Fixed Assets, net | $ | 692,201 | ||
Other Assets | ||||
Other Assets | $ | 218,054 | ||
Intangible Assets | $ | 13,910,382 | ||
Goodwill | $ | 1,479,649 | ||
Total Assets | $ | 27,625,206 | ||
Current Liabilities | ||||
Current maturities of debt | $ | 25,094,426 | ||
Post-Petition Accounts Payable | $ | 5,585,272 | ||
Pre-Petition Accounts Payable | $ | 14,167,634 | ||
Post-Petition Accrued Expenses | $ | (293,512 | ) | |
Pre-Petition Accrued Expenses | $ | 5,732,064 | ||
Deferred Revenue - Short Term | $ | 3,563,102 | ||
Total Current Liabilities | $ | 53,848,986 | ||
Long-term Liabilities | ||||
Debt | $ | 9,983,282 | ||
Taxes | $ | 67,000 | ||
Total Long-term Liabilities | $ | 10,050,282 | ||
Total Liabilities | $ | 63,899,268 | ||
Shareholders' Equity | ||||
Common stock | $ | 17,015 | ||
Reserves | $ | 152,166 | ||
Additional Paid in Capital | $ | 91,441,624 | ||
Retained Earnings, beginning of year | $ | (125,396,633 | ) | |
Cumulative (gain) loss on currency translation | $ | (465,777 | ) | |
Current Year Retained Earnings Inc/Loss | $ | (2,022,456 | ) | |
Total Equity | $ | (36,274,061 | ) | |
Total Liabilities and Shareholders' Equity | $ | 27,625,206 |
Case No. | 10-12302 PJW |
Capital Growth Systems, Inc.
Consolidated AP Aging Report (post-petition)
As of 1/31/2011
Current | 1-30 | 31-60 | 61-90 | Over 90 | Total | |||||||||||||||||||
Total Accounts Payable | $ | 750,493 | $ | 1,898,821 | $ | 576,138 | $ | 1,079,379 | $ | 1,280,442 | $ | 5,585,273 |
Case No. | 10-12302 PJW |
Capital Growth Systems, Inc.
Consolidated AR Aging Report (Gross Receivables)
As of 1/31/2011
Current | 1-30 Days | 31 - 60 Days | 61+ | Total | ||||||||||||||||
Total Accounts Receivables | $ | 1,812,225 | $ | 456,333 | $ | 1,086,271 | $ | 2,175,508 | $ | 5,530,337 |