Exhibit 99.3
Office of the United States Trustee
In re: | DEBTOR IN POSSESSION INTERIM STATEMENT | |||||||
The Kushner-Locke Company | Page 1 of 3 | |||||||
Statement Number: | 81 | |||||||
Chapter 11 | For the Period FROM: | 7/1/2008 | ||||||
Case No. LA 01-44828-SB (Substantively Consolidated with | TO: | 7/31/2008 | ||||||
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) |
CASH ACTIVITY ANALYSIS (Cash Basis Only) | Collateral | Concentration | City National | |||||||||||||
Account | Account | Collection Account | ||||||||||||||
Balance before Statement #1 | $ | 268,333.21 | $ | 65,956.21 | ||||||||||||
A. Total Receipts per all Prior Interim Statements | $ | 11,381,290.24 | $ | 10,020,701.07 | $ | 1,198,161.47 | ||||||||||
B. Less: Total Disbursements per all Prior Statements | $ | 10,405,241.50 | $ | 9,902,026.02 | $ | 32,617.05 | ||||||||||
C. Beginning Balance | $ | 1,244,381.95 | $ | 184,631.26 | $ | 1,165,544.42 | ||||||||||
D. Receipts during Current Period |
Description | ||||||||||||||||
07/02/2008 | CRM | $ | 125.00 | |||||||||||||
07/03/2008 | Wire Transfer | $ | 35,000.00 | |||||||||||||
07/17/2008 | Wire Transfer | $ | 25,000.00 | |||||||||||||
07/18/2008 | Hamdon Ent | $ | 3,272.00 | |||||||||||||
07/25/2008 | Tanya Miller | $ | 732.44 | |||||||||||||
07/31/2008 | interest | $ | 1,986.58 | |||||||||||||
TOTAL RECEIPTS THIS PERIOD | $ | 5,258.58 | $ | 60,857.44 | $ | — | — | |||||||||
E. Balance Available (C plus D) | $ | 1,249,640.53 | $ | 245,488.70 | $ | 1,165,544.42 | $ | — | ||||||||
DEBTOR IN POSSESSION INTERIM STATEMENT NO: 81 | Page 2 of 3 |
F. Less: Disbursements during Current Period:
Date | Check No. | Payee/Purpose | ||||||||||||||||||
07/03/2008 | Wire | ADP | 82.96 | |||||||||||||||||
07/03/2008 | Wire | Wire Transfer | $ | 35,000.00 | ||||||||||||||||
07/15/2008 | Wire | ADP | 4,487.78 | |||||||||||||||||
07/15/2008 | 1227 | Secretary of State | 25.00 | |||||||||||||||||
07/15/2008 | 1228 | Alice Neuhauser | 635.56 | |||||||||||||||||
07/15/2008 | 1229 | Federal Express | 68.16 | |||||||||||||||||
07/15/2008 | 1230 | New Wave Entertainment | 300.00 | |||||||||||||||||
07/15/2008 | 1231 | Parking Management Group | 125.00 | |||||||||||||||||
07/15/2008 | 1232 | Recall | 918.39 | |||||||||||||||||
07/15/2008 | 1233 | Secretary of State | 25.00 | |||||||||||||||||
07/15/2008 | 1234 | Xerox | 20.83 | |||||||||||||||||
07/15/2008 | 8523 | Payroll | 1,358.58 | |||||||||||||||||
07/15/2008 | 8524 | Payroll | 6,534.10 | |||||||||||||||||
07/15/2008 | 8525 | Payroll | 2,893.10 | |||||||||||||||||
07/17/2008 | Wire | Wire Transfer | $ | 25,000.00 | ||||||||||||||||
07/18/2008 | Wire | ADP | 20.00 | |||||||||||||||||
07/25/2008 | Wire | ADP | 253.11 | |||||||||||||||||
07/25/2008 | 1235 | Arrowhead | 23.85 | |||||||||||||||||
07/25/2008 | 1236 | Federal Express | 26.05 | |||||||||||||||||
07/25/2008 | 1237 | New Beginnings Enterprises | 4,720.30 | |||||||||||||||||
07/30/2008 | Wire | ADP | 5,688.39 | |||||||||||||||||
07/30/2008 | 8526 | Payroll | 1,358.58 | |||||||||||||||||
07/30/2008 | 8527 | Payroll | 8,028.25 | |||||||||||||||||
07/30/2008 | 8528 | Payroll | 2,893.10 | |||||||||||||||||
07/31/2008 | Wire | City National Bank | 50.00 | |||||||||||||||||
TOTAL DISBURSEMENTS THIS PERIOD: | $ | 60,000.00 | $ | 40,486.09 | $ | 50.00 | — | |||||||||||||
G. Ending Balance (E less F) | $ | 1,189,640.53 | $ | 205,002.61 | $ | 1,165,494.42 | $ | — | ||||||||||||
DEBTOR IN POSSESSION INTERIM STATEMENT NO: 81 | 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 | £ | 216,925.81 | Pound Sterling | Time Deposit | |||||||||||
Bank of Scotland — Basil | 936582 | £ | 243,628.54 | 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 | $ | 33,312.38 | |||||||||||||
Denial Venture | 1890-69-6501 | $ | 241,031.85 | |||||||||||||
Cracker LLC | 1891-04-1665 | $ | 15,475.06 | |||||||||||||
Swing | 323-518095 | $ | 11,951.13 |
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.
Debtor in Possession | ||||