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