Exhibit 99.1
Office of the United States Trustee
In re: | DEBTOR IN POSSESSION INTERIM STATEMENT | |||||||
The Kushner-Locke Company | Page 1 of 3 | |||||||
Statement Number: | 80 | |||||||
Chapter 11 | For the Period FROM: | 6/1/2008 | ||||||
Case No. LA 01-44828-SB (Substantively Consolidated with | TO: | 6/30/2008 | ||||||
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 | $ | 11,352,878.60 | $ | 9,978,468.63 | $ | 1,154,529.55 | ||||||||||||
B. Less: Total Disbursements per all Prior Statements | $ | 10,354,188.28 | $ | 9,831,252.23 | $ | 24,734.05 | ||||||||||||
C. Beginning Balance | $ | 1,267,023.53 | $ | 213,172.61 | $ | 1,129,795.50 | ||||||||||||
D. Receipts during Current Period | ||||||||||||||||||
Description | ||||||||||||||||||
06/02/2008 | Vision Films | $ | 43,631.92 | |||||||||||||||
06/02/2008 | Daro | $ | 23,220.01 | |||||||||||||||
06/09/2008 | State of California | $ | 3,152.02 | |||||||||||||||
06/11/2008 | Tanya Miller | $ | 732.44 | |||||||||||||||
06/16/2008 | Lifetime | $ | 1,500.00 | |||||||||||||||
06/18/2008 | Wire Transfer | $ | 40,000.00 | |||||||||||||||
06/30/2008 | interest | $ | 2,039.61 | |||||||||||||||
TOTAL RECEIPTS THIS PERIOD | $ | 28,411.64 | $ | 42,232.44 | $ | 43,631.92 | — | |||||||||||
E. Balance Available (C plus D) | $ | 1,295,435.17 | $ | 255,405.05 | $ | 1,173,427.42 | $ | — | ||||||||||
DEBTOR IN POSSESSION INTERIM STATEMENT NO: 80 | Page 2 of 3 |
F. Less: Disbursements during Current Period:
Date | Check No. | Payee/Purpose | ||||||||||||||||||
06/06/2008 | Wire | ADP Fees | 119.72 | |||||||||||||||||
06/12/2008 | Wire | Comerica Bank Fee | 35.00 | |||||||||||||||||
06/13/2008 | Wire | ADP Fees | 30.00 | |||||||||||||||||
06/17/2008 | Wire | Payroll Tax | 4,775.92 | |||||||||||||||||
06/17/2008 | 8517 | Payroll | 1,358.57 | |||||||||||||||||
06/17/2008 | 8518 | Payroll | 6,892.70 | |||||||||||||||||
06/17/2008 | 8519 | Payroll | 2,893.11 | |||||||||||||||||
06/17/2008 | 1211 | Franchise Tax Board | 3,160.00 | |||||||||||||||||
06/17/2008 | 1212 | Arrowhead | 22.97 | |||||||||||||||||
06/17/2008 | 1213 | Federal Express | 99.20 | |||||||||||||||||
06/17/2008 | 1214 | Franchise Tax Board | 1,790.00 | |||||||||||||||||
06/17/2008 | 1215 | New Wave Entertainment | 63.00 | |||||||||||||||||
06/17/2008 | 1216 | Recall | 970.63 | |||||||||||||||||
06/17/2008 | 1217 | Secretary of State | 25.00 | |||||||||||||||||
06/17/2008 | 1218 | Xerox | 20.83 | |||||||||||||||||
06/18/2008 | Wire | Wire Tansfer | $ | 40,000.00 | ||||||||||||||||
06/20/2008 | Wire | IMEC | $ | 7,833.00 | ||||||||||||||||
06/26/2008 | Wire | JP Morgan Lewis | $ | 11,053.22 | ||||||||||||||||
06/27/2008 | Wire | ADP Fees | 162.96 | |||||||||||||||||
06/27/2008 | 1219 | AT & T | 252.52 | |||||||||||||||||
06/27/2008 | 1220 | Bowne of Los Angeles | 428.00 | |||||||||||||||||
06/27/2008 | 1221 | Brandon & Morner-Ritt | 1,678.60 | |||||||||||||||||
06/27/2008 | 1222 | Franchise Tax Board | 107.30 | |||||||||||||||||
06/27/2008 | 1223 | ITE Solutions | 947.50 | |||||||||||||||||
06/27/2008 | 1224 | Kevin Marino | 88.74 | |||||||||||||||||
06/27/2008 | 1225 | Stutman Treister & Glatt | 27,559.25 | |||||||||||||||||
06/27/2008 | 1226 | AT & T | 78.48 | |||||||||||||||||
06/30/2008 | Wire | Payroll Tax | 5,352.20 | |||||||||||||||||
06/30/2008 | 8520 | Payroll | 1,358.59 | |||||||||||||||||
06/30/2008 | 8521 | Payroll | 7,609.90 | |||||||||||||||||
06/30/2008 | 8522 | Payroll | 2,893.10 | |||||||||||||||||
06/30/2008 | Wire | Control Agreement Fee | $ | 50.00 | ||||||||||||||||
TOTAL DISBUR SEMENTS THIS PERIOD: | $ | 51,053.22 | $ | 70,773.79 | $ | 7,883.00 | — | |||||||||||||
G. Ending Balance (E less F) | $ | 1,244,381.95 | $ | 184,631.26 | $ | 1,165,544.42 | $ | — | ||||||||||||
DEBTOR IN POSSESSION INTERIM STATEMENT NO: 80 | 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 | £ | 216,227.96 | Pound Sterling | Time Deposit | |||||||||
Bank of Scotland — Basil | 936582 | £ | 242,844.78 | 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 | $ | 33,305.33 | |||
Denial Venture | 1890-69-6501 | $ | 240,960.42 | |||
Cracker LLC | 1891-04-1665 | $ | 15,475.06 | |||
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.