Page 1 of 3
Exhibit 99.1
Office of the United States Trustee
In re:
The Kushner-Locke Company
The Kushner-Locke Company
Chapter 11
Case No. LA 01-44828-SB (Substantively Consolidated with
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)
Case No. LA 01-44828-SB (Substantively Consolidated with
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)
DEBTOR IN POSSESSION INTERIM STATEMENT
Statement Number: | 84 | ||
For the Period FROM: | 10/1/2008 | ||
TO: | 10/31/2008 | ||
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 | $ | 11,423,514.24 | $ | 10,236,558.51 | $ | 1,229,576.63 | ||||||||||||
B. Less: Total Disbursements per all Prior Statements | $ | 10,635,703.38 | $ | 10,077,116.81 | $ | 44,916.80 | ||||||||||||
C. Beginning Balance | $ | 1,056,144.07 | $ | 225,397.91 | $ | 1,184,659.83 | ||||||||||||
D. Receipts during Current Period | ||||||||||||||||||
Description | ||||||||||||||||||
10/8/2008 | Wire Transfer | $ | 25,000.00 | |||||||||||||||
10/22/2008 | Wire Transfer | $ | 40,000.00 | |||||||||||||||
10/31/2008 | interest | $ | 438.91 | |||||||||||||||
TOTAL RECEIPTS THIS PERIOD | $ | 438.91 | $ | 65,000.00 | $ | — | — | |||||||||||
E. Balance Available (C plus D) | $ | 1,056,582.98 | $ | 290,397.91 | $ | 1,184,659.83 | $ | — |
DEBTOR IN POSSESSION INTERIM STATEMENT NO: 84 | Page 2 of 3 |
F. Less: Disbursements during Current Period:
Date | Check No. | Payee/Purpose | ||||||||||||||||||
Wire | 10/03/2008 | ADP | $ | 82.96 | ||||||||||||||||
Wire | 10/07/2008 | Payroll Tax | $ | 4,871.95 | ||||||||||||||||
8541 | 10/07/2008 | Payroll | $ | 1,358.59 | ||||||||||||||||
8542 | 10/07/2008 | Payroll | $ | 7,012.23 | ||||||||||||||||
8543 | 10/07/2008 | Payroll | $ | 2,893.11 | ||||||||||||||||
Wire | 10/08/2008 | Wire Transfer | $ | 25,000.00 | ||||||||||||||||
1275 | 10/10/2008 | Bonded Services | $ | 6,388.84 | ||||||||||||||||
1276 | 10/10/2008 | ITE Solutions | $ | 1,035.00 | ||||||||||||||||
1277 | 10/10/2008 | West End Media | $ | 16,450.00 | ||||||||||||||||
1278 | 10/10/2008 | Xerox | $ | 20.83 | ||||||||||||||||
1279 | 10/10/2008 | Digital Post Services | $ | 376.33 | ||||||||||||||||
Wire | 10/17/2008 | ADP | $ | 102.96 | ||||||||||||||||
Wire | 10/21/2008 | Payroll Tax | $ | 5,208.16 | ||||||||||||||||
8544 | 10/21/2008 | Payroll | $ | 1,358.57 | ||||||||||||||||
8545 | 10/21/2008 | Payroll | $ | 7,430.59 | ||||||||||||||||
8546 | 10/21/2008 | Payroll | $ | 2,893.10 | ||||||||||||||||
Wire | 10/22/2008 | Wire Transfer | $ | 40,000.00 | ||||||||||||||||
1280 | 10/23/2008 | Alice Neuhauser | $ | 472.30 | ||||||||||||||||
1281 | 10/23/2008 | Arrowhead | $ | 23.77 | ||||||||||||||||
1282 | 10/23/2008 | AT & T | $ | 83.16 | ||||||||||||||||
1283 | 10/23/2008 | Blue Shield | $ | 293.00 | ||||||||||||||||
1284 | 10/23/2008 | Federal Express | $ | 187.50 | ||||||||||||||||
1285 | 10/23/2008 | Health Net | $ | 3,791.68 | ||||||||||||||||
1286 | 10/23/2008 | New Beginnings Enterprises | $ | 4,720.30 | ||||||||||||||||
1287 | 10/23/2008 | Recall | $ | 918.80 | ||||||||||||||||
1288 | 10/23/2008 | Secretary of State | $ | 25.00 | ||||||||||||||||
1290 | 10/23/2008 | AT & T | $ | 279.55 | ||||||||||||||||
1291 | 10/23/2008 | New Wave Entertainment | $ | 78.00 | ||||||||||||||||
Wire | 10/24/2008 | ADP | $ | 170.15 | ||||||||||||||||
Wire | 10/31/2008 | ADP | $ | 98.96 | ||||||||||||||||
Wire | 10/31/2008 | City National Bank | $ | 50.00 | ||||||||||||||||
TOTAL DISBURSEMENTS THIS PERIOD: | $ | 65,000.00 | $ | 68,625.39 | $ | 50.00 | — | |||||||||||||
G. Ending Balance (E less F) | $ | 991,582.98 | $ | 221,772.52 | $ | 1,184,609.83 | $ | — |
DEBTOR IN POSSESSION INTERIM STATEMENT NO: 84 | 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 | £ | 218,955.16 | Pound Sterling | Time Deposit | |||||||
Bank of Scotland — Basil | 936582 | £ | 245,907.70 | 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 | $ | 39,945.20 | |||||
Denial Venture | 1890-69-6501 | $ | 244,303.76 | |||||
Cracker LLC | 1891-04-1665 | $ | 15,475.06 | |||||
Swing | 323-518095 | $ | 13,031.13 |
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. |