Exhibit 99.3
Page 1 of 3
Office of the United States Trustee
In re: | DEBTOR IN POSSESSION INTERIM STATEMENT | |||||
The Kushner-Locke Company | ||||||
Statement Number: | 86 | |||||
Chapter 11 | For the Period FROM: | 12/1/2008 | ||||
Case No. LA 01-44828-SB (Substantively Consolidated with | TO: | 12/31/2008 | ||||
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 | $ | 11,486,775.60 | $ | 10,377,314.51 | $ | 1,253,713.60 | ||||||||||||
B. Less: Total Disbursements per all Prior Statements | $ | 10,775,703.38 | $ | 10,258,583.16 | $ | 45,016.80 | ||||||||||||
C. Beginning Balance | $ | 979,405.43 | $ | 184,687.56 | $ | 1,208,696.80 | ||||||||||||
D. Receipts during Current Period | ||||||||||||||||||
Description | ||||||||||||||||||
12/4/2008 | Wire Transfer | $ | 60,000.00 | |||||||||||||||
12/10/2008 | WABC-TV | $ | 37,500.00 | |||||||||||||||
12/15/2008 | WABC-TV | $ | 18,750.00 | |||||||||||||||
12/18/2008 | Wire Transfer | $ | 100,000.00 | |||||||||||||||
12/23/2008 | USI | $ | 18.00 | |||||||||||||||
12/31/2008 | interest | $ | 123.48 | |||||||||||||||
TOTAL RECEIPTS THIS PERIOD | $ | 56,373.48 | $ | 160,018.00 | $ | — | — | |||||||||||
E. Balance Available (C plus D) | $ | 1,035,778.91 | $ | 344,705.56 | $ | 1,208,696.80 | $ | — | ||||||||||
DEBTOR IN POSSESSION INTERIM STATEMENT NO: 86 | Page 2 of 3 |
F. Less: Disbursements during Current Period:
Date | Check No. | Payee/Purpose | ||||||||||||||||||
12/02/2008 | 1316 | West End Media | $ | 16,450.00 | ||||||||||||||||
12/03/2008 | 1317 | ITE Solutions | $ | 1,372.50 | ||||||||||||||||
12/03/2008 | 1318 | Point 360 | $ | 107.05 | ||||||||||||||||
12/03/2008 | 1319 | Xerox | $ | 20.83 | ||||||||||||||||
12/04/2008 | Wire Transfer | $ | 60,000.00 | |||||||||||||||||
12/05/2008 | Wire | ADP | $ | 165.92 | ||||||||||||||||
12/09/2008 | 1320 | Global Media Television | $ | 12,262.13 | ||||||||||||||||
12/09/2008 | 1321 | Holywood Reporter, The | $ | 247.89 | ||||||||||||||||
12/09/2008 | 1322 | Personnel Concepts | $ | 31.96 | ||||||||||||||||
12/09/2008 | 1323 | Recall | $ | 918.80 | ||||||||||||||||
12/09/2008 | 1324 | Secretary of State | $ | 25.00 | ||||||||||||||||
12/11/2008 | Wire | Comerica Bank | $ | 98.79 | ||||||||||||||||
12/12/2008 | Wire | ADP | $ | 40.00 | ||||||||||||||||
12/12/2008 | 1325 | Franchise Tax Board | $ | 800.00 | ||||||||||||||||
12/12/2008 | 1326 | Franchise Tax Board | $ | 800.00 | ||||||||||||||||
12/12/2008 | 1327 | Franchise Tax Board | $ | 800.00 | ||||||||||||||||
12/12/2008 | 1328 | Franchise Tax Board | $ | 6,400.00 | ||||||||||||||||
12/16/2008 | Wire | Payroll Tax | $ | 4,842.75 | ||||||||||||||||
12/16/2008 | 8556 | Payroll | $ | 1,358.57 | ||||||||||||||||
12/16/2008 | 8557 | Payroll | $ | 7,012.23 | ||||||||||||||||
12/16/2008 | 8558 | Payroll | $ | 2,922.33 | ||||||||||||||||
12/18/2008 | Wire-3204 | Morgan Lewis & Bockius LLP | $ | 4,873.56 | ||||||||||||||||
12/18/2008 | Wire | Wire Transfer | $ | 100,000.00 | ||||||||||||||||
12/19/2008 | 1329 | Alice Neuhauser Expenses | $ | 451.06 | ||||||||||||||||
12/19/2008 | 1330 | Arrowhead | $ | 29.45 | ||||||||||||||||
12/19/2008 | 1331 | Blue Shield | $ | 26.00 | ||||||||||||||||
12/19/2008 | 1332 | Brandon & Morner-Ritt | $ | 5,787.40 | ||||||||||||||||
12/19/2008 | 1333 | Kevin Marino Expenses | $ | 365.36 | ||||||||||||||||
12/23/2008 | Wire | Payroll Tax | $ | 3,556.89 | ||||||||||||||||
12/23/2008 | 8559 | Payroll | $ | 1,358.59 | ||||||||||||||||
12/23/2008 | 8560 | Payroll | $ | 5,770.24 | ||||||||||||||||
12/23/2008 | 8561 | Payroll | $ | 3,108.34 | ||||||||||||||||
12/26/2008 | Wire | ADP | $ | 162.96 | ||||||||||||||||
12/31/2008 | Wire | City National Bank | $ | 50.00 | ||||||||||||||||
TOTAL DISBURSEMENTS THIS PERIOD: | $ | 164,873.56 | $ | 77,293.04 | $ | 50.00 | — | |||||||||||||
G. Ending Balance (E less F) | $ | 870,905.35 | $ | 267,412.52 | $ | 1,208,646.80 | $ | — | ||||||||||||
DEBTOR IN POSSESSION INTERIM STATEMENT NO: 86 | 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 | £ | 219,674.40 | Pound Sterling | Time Deposit | |||||||||
Bank of Scotland — Basil | 936582 | £ | 246,715.46 | 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 | $ | 39,960.31 | |||
Denial Venture | 1890-69-6501 | $ | 244,438.28 | |||
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.