Exhibit 99.4
UNITED STATES DEPARTMENT OF JUSTICE
OFFICE OF THE UNITED STATES TRUSTEE
CENTRAL DISTRICT OF CALIFORNIA
OFFICE OF THE UNITED STATES TRUSTEE
CENTRAL DISTRICT OF CALIFORNIA
In Re:
The Kushner-Locke Company
Debtor(s).
CHAPTER 11 (BUSINESS)
Case Number: | Case No. LA 01-44828-SB | |
Operating Report Number: | 92 | |
For the Month Ending: | 6/30/2009 |
I. CASH RECEIPTS AND DISBURSEMENTS
A. (GENERAL ACCOUNT*)
A. (GENERAL ACCOUNT*)
1. TOTAL RECEIPTS PER ALL PRIOR GENERAL ACCOUNT REPORTS | 11,088,438.72 | |||||||||
2. LESS: TOTAL DISBURSEMENTS PER ALL PRIOR GENERAL ACCOUNT REPORTS | 10,789,297.92 | |||||||||
3. BEGINNING BALANCE: | 299,140.80 | |||||||||
4. RECEIPTS DURING CURRENT PERIOD: | ||||||||||
Accounts Receivable — Post-filing | ||||||||||
Accounts Receivable — Pre-filing | ||||||||||
General Sales | ||||||||||
Other (Specify) | Internal Transfers | 35,000.00 | ||||||||
**Other (Specify) | ||||||||||
TOTAL RECEIPTS THIS PERIOD: | 35,000.00 | |||||||||
5. BALANCE: | 334,140.80 | |||||||||
6. LESS: TOTAL DISBURSEMENTS DURING CURRENT PERIOD | ||||||||||
Transfers to Other DIP Accounts (from page 2) | 0.00 | |||||||||
Disbursements (from page 2) | 39,992.86 | |||||||||
TOTAL DISBURSEMENTS THIS PERIOD:*** | 39,992.86 | |||||||||
7. ENDING BALANCE: | 294,147.94 | |||||||||
8. General Account Number(s): | 1891935460 | |||||||||
Comerica Bank | ||||||||||
Depository Name & Location: | Los Angeles, CA | |||||||||
* | All receipts must be deposited into the general account. | |
** | Include receipts from the sale of any real or personal property out of the ordinary course of business; attach an exhibit specifying what was sold, to whom, terms, and date of Court Order or Report of Sale. | |
*** | This amount should be the same as the total from page 2. |
Page 1 of 16
TOTAL DISBURSEMENTS FROM GENERAL ACCOUNT FOR CURRENT PERIOD
Date | Check | *Amount | **Amount | |||||||||||||||||
mm/dd/yyyy | Number | Payee or DIP account | Purpose | Transfered | Disbursed | Amount | ||||||||||||||
06/05/2009 | Wire | ADP | Payroll Fees | $ | 82.96 | $ | 82.96 | |||||||||||||
06/11/2009 | Wire | Comerica Bank | Bank Fee | $ | 255.46 | $ | 255.46 | |||||||||||||
06/16/2009 | 8595 | Payroll | Payroll | $ | 1,379.02 | $ | 1,379.02 | |||||||||||||
06/16/2009 | 8596 | Payroll | Payroll | $ | 7,126.51 | $ | 7,126.51 | |||||||||||||
06/16/2009 | 8597 | Payroll | Payroll | $ | 2,788.13 | $ | 2,788.13 | |||||||||||||
06/19/2009 | Wire | ADP | Payroll Fees | $ | 30.00 | $ | 30.00 | |||||||||||||
06/19/2009 | 1457 | AT & T | Internet | $ | 86.06 | $ | 86.06 | |||||||||||||
06/19/2009 | 1458 | Accurate Express | Shipping | $ | 20.79 | $ | 20.79 | |||||||||||||
06/19/2009 | 1459 | Alice Neuhauser Expenses | Phone / Internet | $ | 455.76 | $ | 455.76 | |||||||||||||
06/19/2009 | 1460 | Arrowhead | Office Supplies | $ | 15.98 | $ | 15.98 | |||||||||||||
06/19/2009 | 1461 | AT & T | Telephone | $ | 285.38 | $ | 285.38 | |||||||||||||
06/19/2009 | 1462 | Federal Express | Shipping | $ | 25.65 | $ | 25.65 | |||||||||||||
06/19/2009 | 1463 | Keren Aminia Expenses | Office Supplies | $ | 314.82 | $ | 314.82 | |||||||||||||
06/19/2009 | 1464 | Secretary of State | Corporate / Bus. Filing | $ | 25.00 | $ | 25.00 | |||||||||||||
06/19/2009 | 1465 | Xerox | Office Supplies | $ | 22.49 | $ | 22.49 | |||||||||||||
06/20/2009 | Wire | Payroll Tax | Payroll | $ | 6,881.01 | $ | 6,881.01 | |||||||||||||
06/23/2009 | 1466 | Federal Express | Shipping | $ | 82.32 | $ | 82.32 | |||||||||||||
06/23/2009 | 1467 | ITE Solutions | IT / Computers | $ | 460.00 | $ | 460.00 | |||||||||||||
06/26/2009 | Wire | Intuit | Office Supplies | $ | 98.30 | $ | 98.30 | |||||||||||||
06/26/2009 | Wire | ADP | Payroll Fees | $ | 166.63 | $ | 166.63 | |||||||||||||
06/26/2009 | 1468 | Global Media Television | Agent Fees | $ | 3,750.00 | $ | 3,750.00 | |||||||||||||
06/26/2009 | 1469 | Secretary of State | Corporate / Bus. Filing | $ | 25.00 | $ | 25.00 | |||||||||||||
06/26/2009 | 1470 | Secretary of State | Corporate / Bus. Filing | $ | 25.00 | $ | 25.00 | |||||||||||||
06/30/2009 | Wire | Payroll Tax | Payroll | $ | 4,674.91 | $ | 4,674.91 | |||||||||||||
06/30/2009 | 8598 | Payroll | Payroll | $ | 1,379.04 | $ | 1,379.04 | |||||||||||||
06/30/2009 | 8599 | Payroll | Payroll | $ | 6,748.52 | $ | 6,748.52 | |||||||||||||
06/30/2009 | 8600 | Payroll | Payroll | $ | 2,788.12 | $ | 2,788.12 | |||||||||||||
TOTAL DISBURSEMENTS THIS PERIOD: | 0.00 | 39,992.86 | $ | 39,992.86 | ||||||||||||||||
* | Fill in amounts in this column if they are TRANSFERS to another DIP account (e.g. Payroll or Tax); the “amount” column will be filled in for you. | |
** | Fill in amounts in this column if they are DISBURSEMENTS to outside payees; the “amount” column will be filled in for you. |
Page 2 of 16
GENERAL ACCOUNT
BANK RECONCILIATION
BANK RECONCILIATION
Bank statement Date: | 6/30/2009 | Balance on Statement: | $ | 309,203.44 | ||||||||||||
Plus deposits in transit (a): | ||||||||||||||||
Deposit Date | Deposit Amount | |||||||||||||||
TOTAL DEPOSITS IN TRANSIT | 0.00 | |||||||||||||||
Less Outstanding Checks (a): | ||||||||||||||||
Check Number | Check Date | Check Amount | ||||||||||||||
1463 | 6/19/2009 | $ | 314.82 | |||||||||||||
1464 | 6/19/2009 | $ | 25.00 | |||||||||||||
1468 | 6/26/2009 | $ | 3,750.00 | |||||||||||||
1469 | 6/26/2009 | $ | 25.00 | |||||||||||||
1470 | 6/26/2009 | $ | 25.00 | |||||||||||||
8598 | 6/30/2009 | $ | 1,379.04 | |||||||||||||
8599 | 6/30/2009 | $ | 6,748.52 | |||||||||||||
8600 | 6/30/2009 | $ | 2,788.12 | |||||||||||||
TOTAL OUTSTANDING CHECKS: | 15,055.50 | |||||||||||||||
Bank statement Adjustments: | ||||||||||||||||
Explanation of Adjustments- | ||||||||||||||||
ADJUSTED BANK BALANCE: | $ | 294,147.94 | ||||||||||||||
* | It is acceptable to replace this form with a similar form | |
** | Please attach a detailed explanation of any bank statement adjustment |
Page 3 of 16
UNITED STATES DEPARTMENT OF JUSTICE
OFFICE OF THE UNITED STATES TRUSTEE
CENTRAL DISTRICT OF CALIFORNIA
OFFICE OF THE UNITED STATES TRUSTEE
CENTRAL DISTRICT OF CALIFORNIA
In Re:
The Kushner-Locke Company
Debtor(s).
CHAPTER 11 (BUSINESS)
Case Number: | Case No. LA 01-44828-SB | |
Operating Report Number: | 92 | |
For the Month Ending: | 6/30/2009 |
I. CASH RECEIPTS AND DISBURSEMENTS
A. (COLLATERAL ACCOUNT*)
A. (COLLATERAL ACCOUNT*)
1. TOTAL RECEIPTS PER ALL PRIOR GENERAL ACCOUNT REPORTS | 11,938,285.75 | |||||||||
2. LESS: TOTAL DISBURSEMENTS PER ALL PRIOR GENERAL ACCOUNT REPORTS | 11,286,377.86 | |||||||||
3. BEGINNING BALANCE: | 651,907.89 | |||||||||
4. RECEIPTS DURING CURRENT PERIOD: | ||||||||||
Accounts Receivable — Post-filing | 45,906.41 | |||||||||
Accounts Receivable — Pre-filing | ||||||||||
General Sales | ||||||||||
Other (Specify) | Interest | 61.61 | ||||||||
**Other (Specify) | ||||||||||
TOTAL RECEIPTS THIS PERIOD: | 45,968.02 | |||||||||
5. BALANCE: | 697,875.91 | |||||||||
6. LESS: TOTAL DISBURSEMENTS DURING CURRENT PERIOD | ||||||||||
Transfers to Other DIP Accounts (from page 2) | 35,000.00 | |||||||||
Disbursements (from page 2) | 0.00 | |||||||||
TOTAL DISBURSEMENTS THIS PERIOD:*** | 35,000.00 | |||||||||
7. ENDING BALANCE: | 662,875.91 | |||||||||
8. General Account Number(s): | 323-221-556 | |||||||||
JP Morgan Chase | ||||||||||
Depository Name & Location: | New York, NY | |||||||||
* | All receipts must be deposited into the general account. | |
** | Include receipts from the sale of any real or personal property out of the ordinary course of business; attach an exhibit specifying what was sold, to whom, terms, and date of Court Order or Report of Sale. | |
*** | This amount should be the same as the total from page 2. |
Page 4 of 16
TOTAL DISBURSEMENTS FROM COLLATERAL ACCOUNT FOR CURRENT PERIOD
Date | Check | *Amount | **Amount | |||||||||||||||||
mm/dd/yyyy | Number | Payee or DIP account | Purpose | Transfered | Disbursed | Amount | ||||||||||||||
6/19/2009 | Wire | Kushner-Locke | Internal Transfer | 35,000.00 | 35,000.00 | |||||||||||||||
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TOTAL DISBURSEMENTS THIS PERIOD: | 35,000.00 | 0.00 | $ | 35,000.00 | ||||||||||||||||
* | Fill in amounts in this column if they are TRANSFERS to another DIP account (e.g. Payroll or Tax); the “amount” column will be filled in for you. | |
** | Fill in amounts in this column if they are DISBURSEMENTS to outside payees; the “amount” column will be filled in for you. |
Page 5 of 16
COLLATERAL ACCOUNT
BANK RECONCILIATION
BANK RECONCILIATION
Bank statement Date: | 6/30/2009 | Balance on Statement: | $ | 662,875.91 | ||||||||||||
Plus deposits in transit (a): | ||||||||||||||||
Deposit Date | Deposit Amount | |||||||||||||||
TOTAL DEPOSITS IN TRANSIT | 0.00 | |||||||||||||||
Less Outstanding Checks (a): | ||||||||||||||||
Check Number | Check Date | Check Amount | ||||||||||||||
TOTAL OUTSTANDING CHECKS: | 0.00 | |||||||||||||||
Bank statement Adjustments: | ||||||||||||||||
Explanation of Adjustments- | ||||||||||||||||
ADJUSTED BANK BALANCE: | $ | 662,875.91 | ||||||||||||||
* | It is acceptable to replace this form with a similar form | |
** | Please attach a detailed explanation of any bank statement adjustment |
Page 6 of 16
UNITED STATES DEPARTMENT OF JUSTICE
OFFICE OF THE UNITED STATES TRUSTEE
CENTRAL DISTRICT OF CALIFORNIA
OFFICE OF THE UNITED STATES TRUSTEE
CENTRAL DISTRICT OF CALIFORNIA
In Re:
The Kushner-Locke Company
Debtor(s).
CHAPTER 11 (BUSINESS)
Case Number: | Case No. LA 01-44828-SB | |
Operating Report Number: | 92 | |
For the Month Ending: | 6/30/2009 |
I. CASH RECEIPTS AND DISBURSEMENTS
A. (COLLECTION ACCOUNT*)
A. (COLLECTION ACCOUNT*)
1. TOTAL RECEIPTS PER ALL PRIOR GENERAL ACCOUNT REPORTS | 1,282,740.28 | |||||||||
2. LESS: TOTAL DISBURSEMENTS PER ALL PRIOR GENERAL ACCOUNT REPORTS | 51,387.80 | |||||||||
3. BEGINNING BALANCE: | 1,231,352.48 | |||||||||
4. RECEIPTS DURING CURRENT PERIOD: | ||||||||||
Accounts Receivable — Post-filing | 19,830.00 | |||||||||
Accounts Receivable — Pre-filing | ||||||||||
General Sales | ||||||||||
Other (Specify) | 0.00 | |||||||||
**Other (Specify) | ||||||||||
TOTAL RECEIPTS THIS PERIOD: | 19,830.00 | |||||||||
5. BALANCE: | 1,251,182.48 | |||||||||
6. LESS: TOTAL DISBURSEMENTS DURING CURRENT PERIOD | ||||||||||
Transfers to Other DIP Accounts (from page 2) | 0.00 | |||||||||
Disbursements (from page 2) | 50.00 | |||||||||
TOTAL DISBURSEMENTS THIS PERIOD:*** | 50.00 | |||||||||
7. ENDING BALANCE: | 1,251,132.48 | |||||||||
8. General Account Number(s): | 112391673 | |||||||||
City National Bank | ||||||||||
Depository Name & Location: | Beverly Hills, CA | |||||||||
* | All receipts must be deposited into the general account. | |
** | Include receipts from the sale of any real or personal property out of the ordinary course of business; attach an exhibit specifying what was sold, to whom, terms, and date of Court Order or Report of Sale. | |
*** | This amount should be the same as the total from page 2. |
Page 7 of 16
TOTAL DISBURSEMENTS FROM COLLECTION ACCOUNT FOR CURRENT PERIOD
Date | Check | *Amount | **Amount | |||||||||||||||||
mm/dd/yyyy | Number | Payee or DIP account | Purpose | Transfered | Disbursed | Amount | ||||||||||||||
06/30/2009 | Fee | City National Bank | Bank Fee | $ | 50.00 | 50.00 | ||||||||||||||
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TOTAL DISBURSEMENTS THIS PERIOD: | 0.00 | 50.00 | $ | 50.00 | ||||||||||||||||
* | Fill in amounts in this column if they are TRANSFERS to another DIP account (e.g. Payroll or Tax); the “amount” column will be filled in for you. | |
** | Fill in amounts in this column if they are DISBURSEMENTS to outside payees; the “amount” column will be filled in for you. |
Page 8 of 16
COLLECTION ACCOUNT
BANK RECONCILIATION
BANK RECONCILIATION
Bank statement Date: | 6/30/2009 | Balance on Statement: | $ | 1,251,132.48 | ||||||||||||
Plus deposits in transit (a): | ||||||||||||||||
Deposit Date | Deposit Amount | |||||||||||||||
TOTAL DEPOSITS IN TRANSIT | 0.00 | |||||||||||||||
Less Outstanding Checks (a): | ||||||||||||||||
Check Number | Check Date | Check Amount | ||||||||||||||
TOTAL OUTSTANDING CHECKS: | 0.00 | |||||||||||||||
Bank statement Adjustments: | ||||||||||||||||
Explanation of Adjustments- | ||||||||||||||||
ADJUSTED BANK BALANCE: | $ | 1,251,132.48 | ||||||||||||||
* | It is acceptable to replace this form with a similar form | |
** | Please attach a detailed explanation of any bank statement adjustment |
Page 9 of 16
I. D SUMMARY SCHEDULE OF CASH
ENDING BALANCES FOR THE PERIOD: | 05/01/09-05/29/09 | |||
(Provide a copy of monthly account statements for each of the below) |
General Account: | 294,147.94 | |||||||||||
Collateral Account: | 662,875.91 | |||||||||||
Collection Account: | 1,251,132.48 | |||||||||||
*Other Accounts: | ||||||||||||
Bank of Scotland - Pinocchio | Time Deposit | 219,051.38 | Currency: GBP | |||||||||
Bank of Scotland - Basil | Time Deposit | 247,252.30 | Currency: GBP | |||||||||
Edge Entertainment | 172.89 | |||||||||||
KL- PWI account | 731.10 | |||||||||||
BLT Venture | JV Account | 95,381.96 | ||||||||||
BLT Venture | JV Account | 330.45 | ||||||||||
KL\7 Venture | JV Account | 39,987.75 | ||||||||||
Denial Venture | JV Account | 244,802.15 | ||||||||||
Cracker LLC | JV Account | 15,569.01 | ||||||||||
Swing | JV Account | 13,031.13 | ||||||||||
*Other Monies: | ||||||||||||
**Petty Cash (from below): | 0.00 | |||||||||||
TOTAL CASH AVAILABLE: | 3,084,466.45 | |||||||||||
Petty Cash Transactions: |
Date | Purpose | Amount | ||||||||||
TOTAL PETTY CASH TRANSACTIONS: | 0.00 | |||||||||||
* | Specify the Type of holding (e.g. CD, Savings Account, Investment Security), and the depository name, location & account# | |
** | Attach Exhibit Itemizing all petty cash transactions |
Page 10 of 16
II. STATUS OF PAYMENTS TO SECURED CREDITORS, LESSORS
AND OTHER PARTIES TO EXECUTORY CONTRACTS
AND OTHER PARTIES TO EXECUTORY CONTRACTS
Post-Petition | ||||||||||
Frequency of Payments | payments not made | |||||||||
Creditor, Lessor, Etc. | (Mo/Qtr) | Amount of Payment | (Number) | Total Due | ||||||
TOTAL DUE: | 0.00 | |||||||||
III. TAX LIABILITIES
FOR THE REPORTING PERIOD:
Gross Sales Subject to Sales Tax:
Total Wages Paid:
Total Wages Paid:
Total Post-Petition | Date Delinquent | |||||||||||||||
Amounts Owing | Amount Delinquent | Amount Due | ||||||||||||||
Federal Withholding | ||||||||||||||||
State Withholding | ||||||||||||||||
FICA- Employer’s Share | ||||||||||||||||
FICA- Employee’s Share | ||||||||||||||||
Federal Unemployment | ||||||||||||||||
Sales and Use | ||||||||||||||||
Real Property | ||||||||||||||||
Other: | ||||||||||||||||
TOTAL: | 0.00 | 0.00 | ||||||||||||||
Page 11 of 16
IV. AGING OF ACCOUNTS PAYABLE AND RECEIVABLE
*Accounts Payable | Accounts Receivable | |||||||||||
Post-Petition | Pre-Petition | Post-Petition | ||||||||||
30 days or less | 22,626.11 | 635,676.40 | ||||||||||
31 - 60 days | ||||||||||||
61 - 90 days | ||||||||||||
91 - 120 days | ||||||||||||
Over 120 days | ||||||||||||
TOTAL: | 22,626.11 | 0.00 | 635,676.40 | |||||||||
V. INSURANCE COVERAGE
Amount of | Policy Expiration | Premium Paid | ||||||||||||
Name of Carrier | Coverage | Date | Through (Date) | |||||||||||
Commercial Package | St. Paul Travelers | 2,000,000.00 | 2/14/2010 | 2/14/2010 | ||||||||||
Worker’s Compensation | St. Paul Travelers | 1,000,000.00 | 1/14/2010 | 1/14/2010 | ||||||||||
E & O | St. Paul Travelers | 3,000,000.00 | 3/3/2010 | 3/3/2010 | ||||||||||
Others: |
VI. UNITED STATES TRUSTEE QUARTERLY FEES
(TOTAL PAYMENTS)
(TOTAL PAYMENTS)
Quarterly Period | Total | Quarterly Fees | ||||||||||||||||||
Ending (Date) | Disbursements | Quarterly Fees | Date Paid | Amount Paid | Still Owing | |||||||||||||||
11/01-12/08 | 10,014,342.17 | 78,650.00 | 83,975.00 | (5,325.00 | ) | |||||||||||||||
31-Mar-2009 | 295,493.00 | 1,950.00 | apply credit | 1,950.00 | ||||||||||||||||
30-Jun-2009 | 215,093.50 | 1,625.00 | apply credit | 1,625.00 | ||||||||||||||||
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82,225.00 | 83,975.00 | (1,750.00 | ) | |||||||||||||||||
* | Post-Petition Accounts Payable SHOULD NOT include professionals’ fees and expenses which have been incurred but not yet awarded by the court. Post-Petition Accounts Payable SHOULD include professionals’ fees and expenses authorized by Court Order but which remain unpaid as of the close of the period report |
Page 12 of 16
VII. SCHEDULE OF COMPENSATION PAID TO INSIDERS
Date of Order | Gross Compensation | ||||||||||||||||||
Authorizing | Paid During the | ||||||||||||||||||
Name of Insider | Compensation | *Authorized Gross Compensation | Month | ||||||||||||||||
VIII. SCHEDULE OF OTHER AMOUNTS PAID TO INSIDERS | |||||||||||||||||||
Date of Order | |||||||||||||||||||
Authorizing | Amount Paid | ||||||||||||||||||
Name of Insider | Compensation | Description | During the Month |
* | Please indicate how compensation was identified in the order (e.g. $1,000/week, $2,500/month) |
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IX. PROFIT AND LOSS STATEMENT
(ACCRUAL BASIS ONLY)
(ACCRUAL BASIS ONLY)
Jun 09 | ||||
Ordinary Income/Expense | ||||
Income | �� | |||
KL International Sales | 30,186.10 | |||
Total Income | 30,186.10 | |||
Cost of Goods Sold | ||||
Bank Fees deducted from rctpts | 29.69 | |||
Global Media Sales Fee | 3,750.00 | |||
Total COGS | 3,779.69 | |||
Gross Profit | 26,406.41 | |||
Expense | ||||
Bank Service Charges | ||||
City National — Service Charge | 50.00 | |||
Comerica — Service Charge | 255.46 | |||
Total Bank Service Charges | 305.46 | |||
Copy Machine | 22.49 | |||
Corporate | 75.00 | |||
Delivery & Distribution Expense | ||||
Shipping | 107.97 | |||
Total Delivery & Distribution Expense | 107.97 | |||
Insurance | ||||
Dental | 319.00 | |||
Health | 2,484.00 | |||
Total Insurance | 2,803.00 | |||
Internet | 86.06 | |||
IT / Computers | 460.00 | |||
Office Supplies | 429.10 | |||
Parking | 330.00 | |||
Payroll | ||||
FUTA & SUI Expense | 191.25 | |||
Payroll cost — Employees | 13,308.41 | |||
Payroll Fee | 279.59 | |||
Responsible Officer | 20,265.60 | |||
Total Payroll | 34,044.85 | |||
Postage and Delivery | 20.79 | |||
Professional Fees | ||||
Legal Fees | 35,888.47 | |||
Total Professional Fees | 35,888.47 | |||
Rent | 4,566.51 | |||
Storage | 918.84 | |||
Telephone | 285.38 | |||
Telephone / E-mail Expenses | 455.76 | |||
Total Expense | 80,799.68 | |||
Net Ordinary Income | -54,393.27 | |||
Other Income/Expense | ||||
Other Income | ||||
Interest Income | 61.61 | |||
Total Other Income | 61.61 | |||
Net Other Income | 61.61 | |||
Net Income | -54,331.66 | |||
Page 14 of 16
X. BALANCE SHEET
(ACCRUAL BASIS ONLY)
(ACCRUAL BASIS ONLY)
Jun 30, 09 | ||||
ASSETS | ||||
Current Assets | ||||
Checking/Savings | ||||
City National — Collection Acco | 1,251,132.48 | |||
Comerica — DIP | 294,147.94 | |||
KL Cash Collateral — JP Morgan | 662,875.91 | |||
Total Checking/Savings | 2,208,156.33 | |||
Accounts Receivable | ||||
AR — BL | 15,000.00 | |||
AR — Global Media | 321,250.00 | |||
AR — KL | 258,333.35 | |||
AR — Vision | 41,093.07 | |||
Total Accounts Receivable | 635,676.42 | |||
Total Current Assets | 2,843,832.75 | |||
TOTAL ASSETS | 2,843,832.75 | |||
LIABILITIES & EQUITY | ||||
Liabilities | ||||
Current Liabilities | ||||
Accounts Payable | ||||
Accounts Payable | 22,626.11 | |||
Total Accounts Payable | 22,626.11 | |||
Total Current Liabilities | 22,626.11 | |||
Total Liabilities | 22,626.11 | |||
Equity | ||||
Opening Bal Equity | 2,345,453.91 | |||
Retained Earnings | 993,255.43 | |||
Net Income | -517,502.70 | |||
Total Equity | 2,821,206.64 | |||
TOTAL LIABILITIES & EQUITY | 2,843,832.75 | |||
Page 15 of 16
XI. QUESTIONNAIRE
No | Yes | |||||||
1. | Has the debtor-in-possession made any payments on its pre-petition unsecured debt, except as have been authorized by the court? If “Yes”, explain below: | x | ||||||
No | Yes | |||||||
2. | Has the debtor-in-possession during this reporting period provided compensation or remuneration to any officers, directors, principals, or other insiders without appropriate authorization? If “Yes”, explain below: | x | ||||||
3. | State what progress was made during the reporting period toward filing a plan of reorganization Secured creditors are negotiating the final details of the reorg plan. | |||||||
4. | Describe potential future developments which may have a significant impact on the case: | |||||||
5. | Attach copies of all Orders granting relief from the automatic stay that were entered during the reporting period. | |||||||
No | Yes | |||||||
6. | Did you receive any exempt income this month, which is not set forth in the operating report? If “Yes”, please set forth the amounts and sources of the income below. | x | ||||||
I, | Alice P. Neuhauser, Responsible Officer declare under penalty of perjury that I have fully read and understood the foregoing debtor-in-possession operating report and that the information contained herein is true and complete to the best of my knowledge. |
Date | Principal for debtor-in-possession |
Page 16 of 16