Exhibit 99.1
Page 1 of 3
Office of the United States Trustee
In re: | DEBTOR IN POSSESSION INTERIM STATEMENT | |||||
The Kushner-Locke Company | ||||||
Statement Number: | 85 | |||||
Chapter 11 | For the Period FROM: | 11/1/2008 | ||||
Case No. LA 01-44828-SB (Substantively Consolidated with | TO: | 11/30/2008 | ||||
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) |
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 | $ | 11,423,953.15 | $ | 10,301,558.51 | $ | 1,229,576.63 | ||||||||||||
B. Less: Total Disbursements per all Prior Statements | $ | 10,700,703.38 | $ | 10,145,742.20 | $ | 44,966.80 | ||||||||||||
C. Beginning Balance | $ | 991,582.98 | $ | 221,772.52 | $ | 1,184,609.83 | ||||||||||||
D. Receipts during Current Period | ||||||||||||||||||
Description | ||||||||||||||||||
11/7/2008 | Wire Transfer | $ | 30,000.00 | |||||||||||||||
11/13/2008 | Kinowelt | $ | 756.00 | |||||||||||||||
11/20/2008 | Wire Transfer | $ | 45,000.00 | |||||||||||||||
11/21/2008 | Compact Collections | $ | 6,173.02 | |||||||||||||||
11/21/2008 | Vision Films | $ | 24,136.97 | |||||||||||||||
11/28/2008 | Daro Films | $ | 56,490.82 | |||||||||||||||
11/30/2008 | interest | $ | 158.61 | |||||||||||||||
TOTAL RECEIPTS THIS PERIOD | $ | 62,822.45 | $ | 75,756.00 | $ | 24,136.97 | — | |||||||||||
E. Balance Available (C plus D) | $ | 1,054,405.43 | $ | 297,528.52 | $ | 1,208,746.80 | $ | — | ||||||||||
DEBTOR IN POSSESSION INTERIM STATEMENT NO: 85 | Page 2 of 3 |
F. Less: Disbursements during Current Period:
Date | Check No. | Payee/Purpose | ||||||||||||||||||
Wire | 11/04/2008 | Payroll Tax | $ | 4,439.73 | ||||||||||||||||
8547 | 11/04/2008 | Payroll | $ | 1,358.59 | ||||||||||||||||
8548 | 11/04/2008 | Payroll | $ | 6,474.35 | ||||||||||||||||
8549 | 11/04/2008 | Payroll | $ | 2,893.10 | ||||||||||||||||
Wire | 11/07/2008 | Wire Transfer | $ | 30,000.00 | ||||||||||||||||
Wire | 11/14/2008 | ADP | $ | 102.96 | ||||||||||||||||
Wire | 11/14/2008 | Comerica Bank | $ | 6.05 | ||||||||||||||||
1292 | 11/14/2008 | Bonded Services | $ | 6,388.84 | ||||||||||||||||
1293 | 11/14/2008 | New Wave Entertainment | $ | 105.00 | ||||||||||||||||
1294 | 11/14/2008 | Recall | $ | 918.80 | ||||||||||||||||
1295 | 11/14/2008 | Varien | $ | 318.00 | ||||||||||||||||
1296 | 11/14/2008 | Xerox | $ | 20.83 | ||||||||||||||||
1297 | 11/17/2008 | Point 360 | $ | 540.00 | ||||||||||||||||
Wire | 11/18/2008 | Payroll Tax | $ | 5,544.33 | ||||||||||||||||
8550 | 11/18/2008 | Payroll | $ | 1,358.57 | ||||||||||||||||
8551 | 11/18/2008 | Payroll | $ | 7,848.95 | ||||||||||||||||
8552 | 11/18/2008 | Payroll | $ | 2,893.10 | ||||||||||||||||
Wire | 11/20/2008 | Wire Transfer | $ | 45,000.00 | ||||||||||||||||
Wire | 11/21/2008 | ADP | $ | 18.58 | ||||||||||||||||
1298 | 11/24/2008 | AT & T | $ | 364.80 | ||||||||||||||||
1299 | 11/24/2008 | Blue Shield | $ | 586.00 | ||||||||||||||||
1300 | 11/24/2008 | Bonded Services | $ | 4,000.00 | ||||||||||||||||
1301 | 11/24/2008 | Bowne of Los Angeles | $ | 798.00 | ||||||||||||||||
1302 | 11/24/2008 | Federal Express | $ | 167.87 | ||||||||||||||||
1303 | 11/24/2008 | Health Net | $ | 8,191.85 | ||||||||||||||||
1304 | 11/24/2008 | Kevin Marino | $ | 165.61 | ||||||||||||||||
1305 | 11/24/2008 | New Beginnings Enterprises | $ | 9,440.60 | ||||||||||||||||
Wire | 11/25/2008 | Payroll Tax | $ | 4,575.84 | ||||||||||||||||
1309 | 11/25/2008 | Keren Aminia | $ | 569.35 | ||||||||||||||||
1313 | 11/25/2008 | Payroll | $ | 9,124.54 | ||||||||||||||||
1314 | 11/25/2008 | Payroll | $ | 6,884.26 | ||||||||||||||||
1315 | 11/25/2008 | Payroll | $ | 8,611.80 | ||||||||||||||||
8553 | 11/25/2008 | Payroll | $ | 1,358.59 | ||||||||||||||||
8554 | 11/25/2008 | Payroll | $ | 6,653.65 | ||||||||||||||||
8555 | 11/25/2008 | Payroll | $ | 2,901.06 | ||||||||||||||||
Wire | 11/26/2008 | Payroll Tax | $ | 7,054.40 | ||||||||||||||||
Wire | 11/28/2008 | ADP | $ | 162.96 | ||||||||||||||||
Wire | 11/30/2008 | City National Bank | $ | 50.00 | ||||||||||||||||
TOTAL DISBURSEMENTS THIS PERIOD: | $ | 75,000.00 | $ | 112,840.96 | $ | 50.00 | — | |||||||||||||
G. Ending Balance (E less F) | $ | 979,405.43 | $ | 184,687.56 | $ | 1,208,696.80 | $ | — | ||||||||||||
DEBTOR IN POSSESSION INTERIM STATEMENT NO: 85 | 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 | £ | 219,367.88 | Pound Sterling | Time Deposit | |||||||||
Bank of Scotland — Basil | 936582 | £ | 246,371.22 | 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 | $ | 39,953.38 | ||
Denial Venture | 1890-69-6501 | $ | 244,373.85 | ||
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.