In re Farmland Transportation | Case No. 02-50564 | ||||
MONTHLY OPERATING REPORT SUMMARY | |||||
FOR THE MONTH OF JULY, 2003 | |||||
REVENUE | |||||
Gross Income | $ 10,579.43 | ||||
Less Cost of Goods Sold | $ 11,721.38 | ||||
Materials | $ - | ||||
Direct Labor | $ - | ||||
Overhead | $ 11,721.38 | ||||
Gross Profit | $ (1,141.95) | ||||
OPERATING EXPENSES | |||||
Owner/Officer-Draws/Salaries | $ - | ||||
Other Employee Salaries | $ 16,284.64 | ||||
Advertising and Marketing | $ - | ||||
Insurance | $ - | ||||
Payroll Taxes | $ 2,605.95 | ||||
Lease and Rent | $ - | ||||
Telephone and Utlities | $ 3,745.55 | ||||
Attorney and other Professional Fees | $ - | ||||
UST Quarterly Fees | $ 3,750.00 | ||||
Other Expenses | $ 64,821.93 | ||||
Total Operating Expenses | $ 91,208.07 | ||||
Net Income (Loss) | ($92,350.02) | ||||
CURRENT ASSETS | |||||
Accounts Receivable at end of month | $ 742,651.04 | ||||
Increase (Decrease) in AR for month | $ (305,895.10) | ||||
Inventory at end of month | $ - | ||||
Increase (Decrease) in Inventory for month | $ - | ||||
Cash at end of the month | $ (14,951.84) | ||||
Increase (Decrease) in Cash for month | $ 9,468.48 | ||||
LIABILITIES | |||||
Increase (Decrease) in post-petition debt | $ (418.77) | ||||
Increase (Decrease) in pre-petition debt | $ 10,078.32 | ||||
Taxes Payable: | |||||
Federal Payroll Taxes | $ - | ||||
State Payroll Taxes | $ - | ||||
Local Payroll Taxes | $ - | ||||
State Sales Taxes | $ - | ||||
Real Estate and Personal | $ - | ||||
Property Taxes | $ - | ||||
Other (footnote) | $ (185,874.00) | ||||
Total Taxes Payable | $ (185,874.00) | ||||
Footnote: | |||||
PRE Fed Income Tax | $ (185,874.00) | ||||
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Filed: 21 Aug 03, 12:00am