EXHIBIT 99.1
Office of the United States Trustee
In re: | DEBTOR IN POSSESSION INTERIM STATEMENT | ||||||||
The Kushner-Locke Company | Statement Number: | 77 | Page 1 of 3 | ||||||
Chapter 11 | For the Period FROM: | 3/1/2008 | |||||||
Case No. LA 01-44828-SB (Administratively Consolidated with | TO: | 3/31/2008 | |||||||
Case Nos. LA 01-44829-SB through LA 01-44831-SB; LA 01- | |||||||||
44833-SB through LA 01-44836-SB; and LA 01-44841-SB) |
Collateral | Concentration | City National | ||||||||||
CASH ACTIVITY ANALYSIS (Cash Basis Only) | Account | Account | Collection Account | |||||||||
Balance before Statement #1 | $ | 268,333.21 | $ | 65,956.21 | ||||||||
A. Total Receipts per all Prior Interim Statements | $ | 10,946,202.08 | $ | 9,747,736.19 | $ | 1,143,698.21 | ||||||
B. Less: Total Disbursements per all Prior Statements | $ | 10,111,689.39 | $ | 9,582,311.93 | $ | 21,790.52 | ||||||
C. Beginning Balance | $ | 1,102,845.90 | $ | 231,380.47 | $ | 1,121,907.69 | ||||||
D. Receipts during Current Period | ||||||||||||
Description | ||||||||||||
03/12/2008 Wire Transfer | $ | 25,000.00 | ||||||||||
03/13/2008 Lifetime | $ | 339,999.99 | ||||||||||
03/24/2008 Blackhorse (S Gold) | $ | 5,975.00 | ||||||||||
03/26/2008 Daro Films | $ | 31,102.71 | ||||||||||
03/27/2008 Wire Transfer | $ | 25,000.00 | ||||||||||
03/31/2008 interest | $ | 2,858.68 | ||||||||||
03/31/2008 Vision Films | $ | (1,118.66 | ) | |||||||||
TOTAL RECEIPTS THIS PERIOD | $ | 373,961.38 | $ | 50,000.00 | $ | 4,856.34 | ||||||
E. Balance Available (C plus D) | $ | 1,476,807.28 | $ | 281,380.47 | $ | 1,126,764.03 | ||||||
DEBTOR IN POSSESSION INTERIM STATEMENT NO: 77 | Page 2 of 3 |
F. | Less: Disbursements during Current Period: |
Date | Check No. | Payee/Purpose | ||||||||||||||||||||||
03/07/2008 | 1133 | Bonded Services | $ | 6,383.43 | ||||||||||||||||||||
03/07/2008 | 1134 | New Wave Entertainment | $ | 205.00 | ||||||||||||||||||||
03/07/2008 | Wire | ADP | $ | 123.77 | ||||||||||||||||||||
03/11/2008 | 8496 | Payroll | $ | 1,358.59 | ||||||||||||||||||||
03/11/2008 | 8497 | Payroll | $ | 6,051.48 | ||||||||||||||||||||
03/11/2008 | 8498 | Payroll | $ | 2,893.10 | ||||||||||||||||||||
03/11/2008 | Wire | Payroll Tax | $ | 1,751.89 | ||||||||||||||||||||
03/11/2008 | Wire | Payroll Tax | $ | 4,128.16 | ||||||||||||||||||||
03/12/2008 | Wire | Wire Transfer | $ | 25,000.00 | ||||||||||||||||||||
03/14/2008 | 1135 | Kevin Marino | $ | 349.48 | ||||||||||||||||||||
03/14/2008 | 1136 | New Wave Entertainment | $ | 124.00 | ||||||||||||||||||||
03/14/2008 | 1137 | Recall | $ | 1,068.03 | ||||||||||||||||||||
03/17/2008 | Wire | Comerica Bank | $ | 56.27 | ||||||||||||||||||||
03/21/2008 | Wire | ADP | $ | 119.72 | ||||||||||||||||||||
03/25/2008 | 8499 | Payroll | $ | 1,358.56 | ||||||||||||||||||||
03/25/2008 | 8500 | Payroll | $ | 6,208.45 | ||||||||||||||||||||
03/25/2008 | 8501 | Payroll | $ | 2,893.10 | ||||||||||||||||||||
03/25/2008 | Wire | Payroll Tax | $ | 1,751.90 | ||||||||||||||||||||
03/25/2008 | Wire | Payroll Tax | $ | 4,314.34 | ||||||||||||||||||||
03/27/2008 | Wire | Wire Transfer | $ | 25,000.00 | ||||||||||||||||||||
03/28/2008 | 1138 | Blue Shield | $ | 293.00 | ||||||||||||||||||||
03/28/2008 | 1139 | Health Net | $ | 4,524.12 | ||||||||||||||||||||
03/28/2008 | 1140 | New Beginnings Enterprises | $ | 4,551.44 | ||||||||||||||||||||
03/28/2008 | Wire | ADP | $ | 211.68 | ||||||||||||||||||||
03/31/2008 | Control Agreement Fee | $ | 50.00 | |||||||||||||||||||||
TOTAL DISBURSEMENTS THIS PERIOD: | $ | 50,000.00 | $ | 50,719.51 | $ | 50.00 | $ | — | ||||||||||||||||
G. Ending Balance (E less F) | $ | 1,426,807.28 | $ | 230,660.96 | $ | 1,126,714.03 | $ | — | ||||||||||||||||
DEBTOR IN POSSESSION INTERIM STATEMENT NO: 77 | Page 3 of 3 |
H. (1) | Collateral Account: | |||
a) Depository Name and Location: | Chase Bank 1 Chase Manhattan Plaza, New York, NY 10081 | |||
b) Account Number: | 323221556 | |||
(2) | Concentration Account: | |||
a) Depository Name and Location: | Comerica Bank 10900 Wilshire Blvd, Los Angeles, CA 90024 | |||
b) Account Number: | 1891935460 |
I: Other monies on hand: | ||||||||||||||||||||
The Kushner Locke Company PWI account | $ | 731.10 | ||||||||||||||||||
Bank of Scotland — Pinocchio | 936582 | £ | 214,180.58 | Pound Sterling | Time Deposit | |||||||||||||||
Bank of Scotland — Basil | 936582 | £ | 240,545.39 | Pound Sterling | Time Deposit | (KL’s interest is 50%) | ||||||||||||||
Allied Pinocchio | 10747301 | $ | — | Pound Sterling | ||||||||||||||||
Edge Entertainment | 1891152710 | $ | 172.89 |
I: Other monies on hand (continued):
Additionally, the Company maintains a minimal amount of Petty Cash (less than $500). Joint Venture Accounts:
BLT Venture | 178-71491-7 | $ | 95,381.96 | |||||||||||||||||
BLT Venture | 16-524173-1101 | $ | 330.45 | |||||||||||||||||
KL MDP Sensation | 60-066-930 | $ | — | |||||||||||||||||
KL\7 Venture | 1890-69-6360 | $ | 31,291.87 | |||||||||||||||||
Denial Venture | 1890-69-6501 | $ | 239,951.28 | |||||||||||||||||
Cracker LLC | 1891-04-1665 | $ | 732.79 | |||||||||||||||||
Swing | 323-518095 | $ | 12,651.13 |
I, Alice Neuhauser, declare under penalty of perjury that the information contained in the above Debtor in Possession Interim Statement is true and correct to the best of my knowledge.
/s/ Alice Neuhauser | ||||
Debtor in Possession | ||||