EXHIBIT 99.1
UNITED STATES BANKRUPTCY COURT
EASTERN DISTRICT OF MICHIGAN
In the matter of:
Case Number: 02-63996-WS
Chapter 11
Nexiq Technologies, Inc. |
| Hon. Walter Shapero |
STATEMENT OF DEBTOR IN POSSESSION
UNDER BANKR. R. PRO. 9011
For the month of October 28 to November 24, 2002
The Debtor in Possession states:
Attached is a complete and accurate (check appropriate lines).
X Balance Sheet
X Profit and Loss Statement
X Cash Receipts & Disbursements Report
X Accounts Payable Aging Schedule
X Taxes Payable/Insurance Schedule
X Reconciled Bank Statement(s)
The statements contained within have been completed on a _______________________ CASH X ACCRUAL BASIS. I understand that any false statement may subject me to sanctions as provided for in Bankr. R. Pro. 9011.
| /s/ Kevin F. Kelly |
12/19/2002
Date
A. Mail the original to: | Mail one copy of this report to: OFFICE OF THE U.S. TRUSTEE
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B. Mail a copy of this report to each member of the Creditors' Committee (if any) and the attorney for the Creditors' Committee (if any).
U.S. DEPARTMENT OF JUSTICE
UNITED STATES TRUSTEE
EASTERN DISTRICT OF MICHIGAN
In the matter of:
Case Number: 02-63996-WS
Chapter 11
Nexiq Technologies, Inc. |
| Hon. Walter Shapero |
AFFIRMATIONS
UNDER BANKR. R. PRO. 9011
As Debtor in Possession, I affirm:
1. That the insurance, as described in section 5 of the Notice of Operating Instructions and Reporting Requirements, is in effect, and
2. That all post petition taxes, as described in section 9 of the Notice of Operating Instructions and Reporting Requirements, are current.
3. No professional fees (accountant, attorneys, etc.) have been paid without specific court authorization. Explain below if not true.
I understand that any false statement may subject me to sanctions as provided for in Bankr. R. Pro. 9011.
| /s/ Kevin F. Kelly |
12/19/02
Date
Explanations:
NEXIQ TECHNOLOGIES, INC. |
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BALANCE SHEET |
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AS OF NOVEMBER 24, 2002 |
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ASSETS |
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| Current Assets |
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| Checking/Savings |
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| Cash |
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| 1100 - Cash - Fleet Concentration | 960,837.09 |
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| 1105 - Cash - Fleet "Blocked" | 466,016.92 |
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| 1120 - Cash - CIBC Banking Corp (FSC) | 940. |
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| Total Cash | 1,427,794.01 |
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| Total Checking/Savings | 1,427,794.01 |
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| Other Current Assets |
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| Prepaid Expenses |
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| 1305 - Prepaid Insurance | 63,997.00 |
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| 1340 - Prepaid Deposits | 24,502.33 |
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| Total Prepaid Expenses | 88,499.33 |
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| Total Other Current Assets | 88,499.33 |
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| Total Current Assets | 1,516,293.34 |
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| Fixed Assets |
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| Fixed Assets - Basis |
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| 1605 - Furniture | 51,587.90 |
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| Total Fixed Assets - Basis | 51,587.90 |
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| Accumulated Depreciation |
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| 1655 - Accum Depr - Furniture | (44,218.20 | ) | ||
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| Total Accumulated Depreciation | (44,218.20 | ) | |||
| Total Fixed Assets | 7,369.70 |
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| Other Assets |
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| Investment in Subsidiaries |
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| 1701 - Investment - Magnetec | 1,236,886.74 |
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| 1702 - Investment - Instruments | 7,473,299.31 |
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| 1703 - Investment - Termiflex | 5,535,428.71 |
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| 1704 - Investment - Micro Palm | 2,145,187.33 |
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| 1705 - Investment - MPSI | 3,145,000.00 |
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| 1706 - Investment - Oyster | 1,844,643.00 |
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| 1707 - Investment - Husky | 446,964.00 |
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| 1708 - Investment - DSI | 599,215.00 |
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| Total Investment in Subsidiaries | 22,426,624.09 |
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| Goodwill |
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| 1721 - Goodwill - MPSI | 2,552,214.74 |
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| 1723 - Goodwill - DSI | 4,030,000.00 |
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| 1725 - Accum Amort - MPSI Goodwill | (1,220,443.42 | ) | ||
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| 1727 - Accum Amort - DSI Goodwill | (1,251,128.00 | ) | ||
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| Total Goodwill | 4,110,643.32 |
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| Debt Issuance |
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| 1740 - Debt Issuance Costs | 2,182,862.00 |
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| 1745 - Accum Amort - Debt Issuance | (1,586,558.00 | ) | ||
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| Total Debt Issuance | 596,304.00 |
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| Total Other Assets | 27,133,571.41 |
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TOTAL ASSETS |
| 28,657,234.45 |
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| NEXIQ TECHNOLOGIES, INC. | |||||||
BALANCE SHEET | |||||||
AS OF NOVEMBER 24, 2002 | |||||||
LIABILITIES & EQUITY |
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| Liabilities |
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| Current Liabilities |
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| Accounts Payable |
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| Accts Payable |
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| 2105 - Accounts Payable Pre Petition | 1,540,909.55 |
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| 2105 - Accounts Payable Post Petition | 90,201.81 |
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| Total Accts Payable | 1,631,111.36 |
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| Total Accounts Payable | 1,631,111.36 |
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| Other Current Liabilities |
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| 2200 - Fleet Bank Line of Credit | 2,500,000.00 |
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| Employee Accruals |
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| 2345 - Accrued Vacation | 5,878.19 |
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| 2305 - Accrued Restructuring | 681,779.88 |
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| Total Employee Accruals | 687,658.07 |
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| Accrued Expenses |
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| 2490 - Accrued Other | 958,563.84 |
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| Total Accrued Expenses | 958,563.84 |
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| Interest |
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| 2505 - Accrued Bank Interest | 717,617.98 |
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| 2510 - Accrued Convertible Note Int | 1,930,652.43 |
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| 2515 - Accrued Other Interest | 111,623,29 |
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| Total Interest | 2,759,893.70 |
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| Due To/From Subsidiaries |
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| 2705 - Due To/From MPSI | 3,220,744,79 |
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| 2710 - Due To/From Instruments/Mag | 48,815.00 |
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| 2715 - Due To/From DSI | (3,603,359.30 | ) |
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| 2720 - Due To/From Discon't Operations | 10,426,017.00 |
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| Total Due To/From Subsidiaries | 10,092,217.49 |
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| Total Other Current Liabilities | 16,998,333.10 |
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| Total Current Liabilities | 18,629,444.46 |
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| Long Term Liabilities |
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| Notes Payable - Long Term |
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| 2917 - Bridge Note - Sunrise | 3,000,000.00 |
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| 2905 - Fleet Bank - Term A | 4,656,766.38 |
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| 2910 - Fleet Bank - Term B | 4,268,300.84 |
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| 2920 - Convertible Notes - Sunrise | 33,935,000.00 |
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| 2925 - Convertible Notes - ANG | 4,181,875.00 |
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| 2930 - Convertible Notes - PIK | 6,476,583.19 |
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| 2940 - Convertible Notes - Discount | (7,356,171.00 | ) | |
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| Total Notes Payable - Long Term | 49,162,354.41 |
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| Total Long Term Liabilities | 49,162,354.41 |
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| Total Liabilities | 67,791,798.87 |
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| Equity |
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| 3050 - Common Stock | 140,479.62 |
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| 3100 - Additional Paid in Capital | 41,116,447.55 |
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| 3900 - *Retained Earnings | (76,664,039.47 | ) | |||
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| Net Income | (3,727,452.12 | ) | |||
| Total Equity |
| (39,134,564.42 | ) | |||
TOTAL LIABILITIES & EQUITY | 28,657,234.45 |
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NEXIQ TECHNOLOGIES, INC. |
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PROFIT AND LOSS STATEMENT |
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FOR THE PERIOD OF OCTOBER 28, 2002 |
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TO NOVEMBER 24, 2002 |
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| 10/28/02 to |
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| 11/24/02 |
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| Ordinary Income/Expense |
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| Expense |
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| 8010 - Compensation Expense | 65,390.00 |
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| 8000 - Salaries & Wages | 28,847.62 |
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| Employee Benefits |
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| 8105 - Medical and Dental | 2,562,20 |
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| 8110 - Long Term Disability | 228.95 |
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| 8115 - Life Insurance | 0.00 |
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| 8125 - Auto Allowance | 500.00 |
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| Total Employee Benefits | 3,291.15 |
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| Payroll Expenses |
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| 8205 - FICA - Employer Portion | 396.84 |
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| Total Payroll Expenses | 396.84 |
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| 8280 - Dues & Subscriptions | 60.00 |
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| Travel & Entertainment |
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| 8370 - Travel | 18.00 |
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| 8375 - Meals & Entertainment | 0.00 |
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| Total Travel & Entertainment | 18.00 |
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| Consultants |
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| 8505 - Consultants - General | 50.00 |
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| 8520 - Consultants - Bankruptcy | 45,237.89 |
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| Total Consultants | 45,287.89 |
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| 8575 - Telephone | 582.49 |
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| Depreciation |
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| 8650 - Depreciation - Furniture | 3,685.76 |
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| 8655 - Depreciation - Equipment | 1,515.44 |
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| Total Depreciation | 5,201.20 |
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| 8674 - Amortization Expense - Goodwill |
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| 8675 - GW Amortization - MPSI | 14,200.00 |
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| 8677 - GW Amortization - DSI | 67,777.00 |
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| Total 8674 - Amortization Expense - Goodwill | 81,977.00 |
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| 8680 - Bank Charges - Monthly Fees | 6,582.85 |
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| Legal |
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| 8705 - Legal - General | 3411.00 |
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| 8716 - Legal - Bankruptcy | 28,529.58 |
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| Total Legal | 31,940.58 |
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| 8740 - General Insurance | 27,650.00 |
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| Public Relations & BOD Exps |
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| 8755 - Public Relations | 0.00 |
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| Total Public Relations & BOD Exps | 0.00 |
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| 8995 - Miscellaneous | 272.33 |
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| Total Expense | 297,497.95 |
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| Net Ordinary Income | (297,497.95) |
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| Other Income/Expense |
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| Other Expense |
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| Interest Expense |
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| 9725 - Other | 24,739.73 |
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| 9705 - Bank | 99,695.44 |
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| 9710 - Convertible Notes | 1,163,078.34 |
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| 9715 - Debt Issuance Costs | 152,872.00 |
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| Total Interest Expense | 1,440,385.51 |
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| Taxes |
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| 9910 - State Income Taxes | 0.00 |
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| Total Taxes | 0.00 |
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| Total Other Expense | 1,440,385.51 |
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| Net Other Income | (1,448,596.51) |
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Net Income |
| (1,746,094.46) |
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SUMMARY OF POST PETITION ACCOUNTS PAYABLE AGING SCHEDULE | ||||||||||
AS OF NOVEMBER 24, 2002 | ||||||||||
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| 0 - 30 |
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NAME OF CREDITOR |
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| Argus | $ | 40,288.09 | $ | $ | — | $ | — | $ | 40,288.09 | |
BCIA NE Holdings LLC | 9,420.50 |
| 6,077.74 |
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| 15,498.24 | |
Beringea |
| 2,474.90 |
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| 2,474,90 |
| McLane, Graf, Raulerson, Middleton | 3,411.00 | 3,411.00 | ||||||||
Pepper Hamilton |
| 28,529.58 |
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| 28,529.58 |
TOTALS | $ | 84,124.07 | $ | 6,077.74 | $ | — | $ | — | $ | 90,201.81 |
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U.S DEPARTMENT OF JUSTICE | ||||||||||
UNITED STATES TRUSTEE | ||||||||||
EASTERN DISTRICT OF MICHIGAN | ||||||||||
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FOR THE PERIOD OF OCTOBER 28, 2002 TO NOVEMBER 24, 2002 | ||||||||||
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TAXES PAYABLE SCHEDULE | ||||||||||
POST PETITION | ||||||||||
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| Beginning |
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| Balance |
| Additions |
| Deposits |
| Balance |
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Income Tax Withheld: |
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| Federal |
| $ | — | $ | — | $ | — | $ | — |
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| 0.00 |
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| 0.00 |
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FICA Tax Withheld |
| 0.00 |
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| 0.00 | ||
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Employer's FICA Tax |
| 0.00 |
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| 0.00 | ||
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Unemployment Tax: |
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| Federal |
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| 0.00 |
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| State |
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| 0.00 |
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Sales Use & Excise Tax |
| 0.00 |
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| 0.00 | ||
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Property Taxes |
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| 0.00 |
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| 0.00 | |
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Accrued Income Tax: |
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| Federal |
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| 0.00 |
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| 0.00 |
| State |
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| 0.00 |
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| 0.00 |
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Other: ___________________ |
| 0.00 |
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| 0.00 | ||
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| TOTALS |
| $ | — | $ | — | $ | — | $ | — |
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TAXES PAYABLE SCHEDULE | ||||||||||
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| Policy Expiration Date |
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Workers' Compensation |
| 12/31/02 |
| 12/31/02 | ||||||
General Liability |
| 11/30/02 |
| 11/30/02 | ||||||
Property |
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| 11/30/02 | |||||
Vehicle |
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| 11/30/02 | |||||
Other (list): |
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Directors and Officers Liability |
| 09/30/03 |
| 03/31/03 | ||||||
Technology Errors & Omissions |
| 06/30/03 |
| 12/31/02 | ||||||
Crime |
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| 01/31/03 |
| 01/31/03 | |||||
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U.S DEPARTMENT OF JUSTICE | ||||||||||||||
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Case Name: | Nexiq Technologies, Inc.. |
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Case Number: | 02-63996-WS |
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CASH RECEIPTS AND DISBURSEMENTS REPORT | ||||||||||||||
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FOR THE PERIOD OF OCTOBER 28, 2002 TO NOVEMBER 24, 2002 | ||||||||||||||
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| GENERAL ACCOUNT | PAYROLL | TAX | ||||||||||||
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| Fleet | Fleet - DIP |
| SFB |
| TOTAL |
| ACCOUNT |
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CASH ON HAND |
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BEGINNING OF PERIOD |
| 785,021.43 | 0.00 |
| 0.00 |
| 785,021.43 |
| 0.00 |
| 0.00 | |||
RECEIPTS DURING THE |
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CURRENT PERIOD |
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(see attached schedule) |
| 479,778.19 | 961,645.81 |
| 4,732.28 |
| 1,446,156.28 |
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| 0.00 | |||
Balance Available |
| 1,264,799.62 | 961,645.81 |
| 4,732.28 |
| 2,231,177.71 |
| 0.00 |
| 0.00 | |||
DISBURSEMENTS DURING |
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THE CURRENT PERIOD |
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(see attached schedule) |
| (798,782.70 | ) | (808.72 | ) | (4,732.28 | ) | (804,323.70 | ) |
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CASH ON HAND |
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END OF PERIOD |
| 466,016.92 | 960,839.09 |
| 0.00 |
| 1,426,854.01 |
| 0.00 |
| 0.00 | |||
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*** IMPORTANT *** |
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| ||||||||||
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|
| ||
Please enter the TOTAL DISBURSEMENTS from all you accounts, |
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|
| ||||||||
including cash and excluding transfers, onto the line below. This is |
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| ||||||||
the number that will determine your quarterly fee payment. |
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| ||||||||
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| $ 29,261.64 |
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| ||||||||||||||
U.S DEPARTMENT OF JUSTICE | |||||
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Case Name: | Nexiq Technologies, Inc. |
|
| ||
Case Number: | 02-63996-WS |
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| ||
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|
|
RECEIPTS LISTING | |||||
|
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|
|
FOR THE PERIOD OF OCTOBER 28, 2002 TO NOVEMBER 24, 2002 | |||||
|
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|
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Bank: |
| Fleet Bank |
|
| |
Location: |
| 111 Westminister Street, Providence, RI 02903 |
|
| |
Account Name: |
| Nexiq Technologies Concentration Account |
|
| |
Account Number: |
| 9358942298 |
|
| |
|
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|
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|
|
| DATE |
|
|
|
|
| RECEIVED |
| DESCRIPTION |
| AMOUNT |
|
|
|
|
|
|
| Transfer |
| Deposits from WPI Micro Processor Systems |
| 478,807.81 |
| Transfer |
| Deposits from Diversified Software Industries |
| 970.38 |
|
|
|
|
|
|
|
|
| TOTAL |
| $ 479,778.19 |
|
|
|
|
|
|
Receipts may be identified by major categories. It is not necessary to list each transaction | |||||
separately by name and customer or invoice number. You must, however, create a separate list | |||||
for each bank account to which receipts were deposited during the month. |
| ||||
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|
U.S DEPARTMENT OF JUSTICE | |||||
|
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Case Name: | Nexiq Technologies, Inc. |
|
| ||
Case Number: | 02-63996-WS |
|
| ||
|
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|
|
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|
|
|
|
|
|
|
RECEIPTS LISTING | |||||
|
|
|
|
|
|
FOR THE PERIOD OF OCTOBER 28, 2002 TO NOVEMBER 24, 2002 | |||||
|
|
|
|
|
|
Bank: |
| Fleet Bank |
|
| |
Location: |
| 111 Westminister Street, Providence, RI 02903 |
|
| |
Account Name: |
| Nexiq Technologies Debtor in Possession Concentration Account |
|
| |
Account Number: |
| 9429256472 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| DATE |
|
|
|
|
| RECEIVED |
| DESCRIPTION |
| AMOUNT |
|
|
|
|
|
|
| Transfer |
| Deposits from WPI Micro Processor Systems |
| 752,893.91 |
| Transfer |
| Deposits from Diversified Software Industries |
| 207,643.90 |
| Transfer |
| Deposits - NCO collection |
| 66.67 |
| Transfer |
| Deposits - COBRA |
| 1,041.33 |
|
|
|
|
|
|
|
|
| TOTAL |
| $ 961,645.81 |
|
|
|
|
|
|
Receipts may be identified by major categories. It is not necessary to list each transaction | |||||
separately by name and customer or invoice number. You must, however, create a separate list | |||||
for each bank account to which receipts were deposited during the month. |
| ||||
|
|
|
|
|
|
U.S DEPARTMENT OF JUSTICE | |||||
|
|
|
|
|
|
Case Name: | Nexiq Technologies, Inc. |
|
| ||
Case Number: | 02-63996-WS |
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
RECEIPTS LISTING | |||||
|
|
|
|
|
|
FOR THE PERIOD OF OCTOBER 28, 2002 TO NOVEMBER 24, 2002 | |||||
|
|
|
|
|
|
Bank: |
| Standard Federal Bank |
|
| |
Location: |
| 40950 Van Dyke Avenue, Sterling Heights, MI 48313 |
|
| |
Account Name: |
| Nexiq Technologies Debtor In Possession |
|
| |
Account Number: |
| 3664000599 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| DATE |
|
|
|
|
| RECEIVED |
| DESCRIPTION |
| AMOUNT |
|
|
|
|
|
|
| Transfer |
| Transfer from WPI Micro Processor Systems to cover checks written | 4,732.28 | |
|
|
|
|
|
|
|
|
| TOTAL |
| $ 4,732.28 |
Receipts may be identified by major categories. It is not necessary to list each transaction |
| ||||
| |||||
U. S. DEPARTMENT OF JUSTICE | ||||||||
|
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|
|
Case Name: |
| Nexiq Technologies, Inc. |
|
|
|
| ||
Case Number: |
| 02-63996-WS |
|
|
|
| ||
|
|
|
|
|
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|
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|
|
| DISBURSEMENTS LISTING |
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|
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| FOR THE PERIOD OF OCTOBER 28, 2002 TO NOVEMBER 24, 2002 | ||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Bank: |
|
|
| Fleet Bank |
|
|
|
|
Location: |
|
|
| 111 Westminister Street, Providence, RI 02903 |
|
| ||
Account Name: |
|
|
| Nexiq Technologies Concentration Account |
|
| ||
Account Number: |
|
|
| 9358942298 |
|
|
|
|
|
|
|
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|
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|
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|
|
|
|
|
|
|
|
DATE |
| CHECK |
|
|
|
|
|
|
DISBURSED |
| NUMBER |
| PAYEE |
| DESCRIPTION |
| AMOUNT |
|
|
|
|
|
|
|
|
|
|
| Transfer |
| WPI Micro Processor Systems |
| Funding Checks written on Nexiq DIP account |
| 305,000.00 |
|
| Transfer |
| WPI Micro Processor Systems |
| Wires sent for WPI Micro Processor Systems |
| 33,309.33 |
Transfer | WPI Micro Processor Systems | Payroll P/E 11/03/02 and 11/17/02 | 260,275.06 | |||||
Transfer | WPI Micro Processor Systems | Bank Fees | 81.59 | |||||
Transfer | Diversified Software Industries | Payroll P/E 11/03/02 and 11/17/02 | 176,396.08 | |||||
11/06/02 | Wire | Fidelity Investments | 401(k) FUNDING Payroll P/E 11/03/02 | 12,144.60 | ||||
11/20/02 | Wire | Fidelity Investments | 401(k) FUNDING Payroll P/E 11/17/02 | 10,601.91 | ||||
11/15/02 | Fleet Bank | Bank fees | 774.13 | |||||
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|
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|
|
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|
|
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|
|
|
|
| TOTAL |
| $ 798,782.70 |
|
|
|
| You must create a separate list for each bank account for which disbursements were made during the month. |
|
| ||
|
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|
|
U. S. DEPARTMENT OF JUSTICE | ||||||||
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|
|
Case Name: |
| Nexiq Technologies, Inc. |
|
|
|
| ||
Case Number: | 02-63996-WS | |||||||
|
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| DISBURSEMENTS LISTING |
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|
|
| FOR THE PERIOD OF OCTOBER 28, 2002 TO NOVEMBER 24, 2002 | ||||||||
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
Bank: |
|
|
| Fleet Bank |
|
|
|
|
Location: |
|
|
| 111 Westminister Street, Providence, RI 02903 |
|
| ||
Account Name: |
|
|
| Nexiq Technologies Debtor in Possession Concentration Account |
|
| ||
Account Number: |
|
|
| 9429256472 |
|
|
|
|
|
|
|
|
|
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|
|
|
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|
|
|
|
DATE |
| CHECK |
|
|
|
|
|
|
DISBURSED |
| NUMBER |
| PAYEE |
| DESCRIPTION |
| AMOUNT |
|
|
|
|
|
|
|
|
|
11/15/02 | Fleet Bank | Bank fees | 808.72 | |||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| TOTAL |
| $ 808.72 |
|
|
|
| You must create a separate list for each bank account for which disbursements were made during the month. |
|
| ||
|
|
|
|
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|
|
U.S DEPARTMENT OF JUSTICE | |||||||||||
UNITED STATES TRUSTEE | |||||||||||
EASTERN DISTRICT OF MICHIGAN | |||||||||||
|
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|
|
Case Name: |
| Nexiq Technologies, Inc. |
|
|
|
|
|
| |||
Case Number: |
| 02-63996-WS |
|
|
|
|
|
| |||
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|
|
|
DISBURSEMENTS LISTING | |||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
FOR THE PERIOD OF OCTOBER 28, 2002 TO NOVEMBER 24, 2002 | |||||||||||
|
|
|
|
|
|
|
|
|
| ||
Bank: |
|
|
| Standard Federal Bank |
|
|
|
|
|
| |
Location: |
|
|
| 40950 Van Dyke Avenue, Sterling Heights, MI 48313 |
|
|
|
| |||
Account Name: |
|
| Nexiq Technologies Debtor In Possession |
|
|
|
| ||||
Account Number: |
| 3664000599 |
|
|
|
|
|
| |||
|
|
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|
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|
|
|
|
|
|
|
|
|
| |
| DATE |
| CHECK |
|
|
|
|
|
|
| |
| DISBURSED |
| NUMBER |
| PAYEE |
| DESCRIPTION |
|
| AMOUNT | |
|
|
|
|
|
|
|
|
|
|
|
|
| 11/07/02 |
| 1120 |
| KEVIN KELLY |
| T&E REIMBURSEMENT |
|
|
| 8.00 |
| 11/14/02 |
| 1186 |
| THE HARTFORD |
| INSURANCE |
|
|
| 3,631.00 |
| 11/14/02 |
| 1187 |
| LINDA RACETTE |
| 8-K BANKRUPTCY FILING |
|
|
| 50.00 |
| 11/14/02 |
| 1188 |
| SHAREHOLDER.COM |
| SHAREHOLDER SERVICES |
|
|
| 1,043.28 |
| |||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| TOTAL |
|
| $ 4,732.28 | |
|
|
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|
|
|
|
|
|
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|
|
|
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|
|
| You must create a separate list for eash bank account from which disbursements were made during the month. | |||||||||
|
|
|
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|
|
|
EXHIBIT 99.2
UNITED STATES BANKRUPTCY COURT
EASTERN DISTRICT OF MICHIGAN
In the matter of:
Case Number: 02-63994-WS
Chapter 11
WPI Micro Processor Systems, Inc. |
| Hon. Walter Shapero |
STATEMENT OF DEBTOR IN POSSESSION
UNDER BANKR. R. PRO. 9011
For the month of October 28 to November 24, 2002
The Debtor in Possession states:
Attached is a complete and accurate (check appropriate lines).
X Balance Sheet
X Profit and Loss Statement
X Cash Receipts & Disbursements Report
X Accounts Payable Aging Schedule
X Taxes Payable/Insurance Schedule
X Reconciled Bank Statement(s)
The statements contained within have been completed on a _______________________ CASH X
ACCRUAL BASIS. I understand that any false statement may subject me to sanctions as provided for in Bankr. R. Pro. 9011.
| /s/ Kevin F. Kelly
|
12/19/2002
Date
A. Mail the original to: | Mail one copy of this report to: |
B. Mail a copy of this report to each member of the Creditors' Committee (if any) and the attorney for the Creditors' Committee (if any).
U.S. DEPARTMENT OF JUSTICE
UNITED STATES TRUSTEE
EASTERN DISTRICT OF MICHIGAN
In the matter of:
Case Number: 02-63994-WS
Chapter 11
WPI Micro Processor Systems, Inc. |
| Hon. Walter Shapero |
AFFIRMATIONS
UNDER BANKR. R. PRO. 9011
As Debtor in Possession, I affirm:
1. That the insurance, as described in section 5 of the Notice of Operating Instructions and Reporting Requirements, is in effect, and
2. That all post petition taxes, as described in section 9 of the Notice of Operating Instructions and Reporting Requirements, are current.
3. No professional fees (accountant, attorneys, etc.) have been paid without specific court authorization. Explain below if not true.
I understand that any false statement may subject me to sanctions as provided for in Bankr. R. Pro. 9011.
| /s/ Kevin F. Kelly
|
12/19/2002
Date
Explanations:
WPI MICRO PROCESSOR SYSTEMS, INC. |
|
| |||
BALANCE SHEET |
|
| |||
AS OF NOVEMBER 24, 2002 |
|
| |||
|
|
|
|
| |
|
|
|
|
| |
ASSETS |
|
|
|
| |
Current Assets |
|
|
|
| |
Checking-Standard Federal Payroll | 500.00 |
|
|
| |
Checking-Standard DIP | (17,135.18 | ) |
|
|
|
Petty Cash | 500.00 | (16,135.18 | ) |
| |
Accounts Receivable | 1,105,718.46 |
|
|
| |
Accounts Receivable Accruals | 36,267.84 |
|
|
| |
Employee Receivable | 18,298.10 |
|
|
| |
Allowance for Doubtful Accounts | (79,000.00 | ) | 1,081,284.40 |
|
|
Inventory - Finished Goods | 65,947.02 |
|
|
| |
Inventory - Raw Materials | 790,963.46 |
|
|
| |
Inventory - Reserve | (236,000.00 | ) | 620,910.48 | ||
Prepaid Property Taxes | 10,309.98 |
|
|
| |
Prepaid Rent | 3,595.21 |
|
|
| |
Prepaid Contracts | 29,667.64 | 43,572.83 |
|
| |
Total Current Assets | 1,729,632.53 | 1,729,632.53 |
|
| |
Fixed Assets |
|
|
|
| |
Machinery & Equipment | 135,025.88 |
|
|
| |
Office Equipment | 172,405.73 |
|
|
| |
Tooling | 12,280.00 |
|
|
| |
Computer Hardware | 863,227.18 |
|
|
| |
Computer Software | 440,090.80 |
|
|
| |
Furniture & Fixtures | 334,204.39 |
|
|
| |
Leasehold Improvements | 31,108.22 | 1,188,342.20 |
|
| |
Accumulated Depreciation | (1,367,187.99 | ) | (1,367,187.99 |
|
|
Total Fixed Assets | 621,154.21 | 621,154.21 |
|
| |
Other Assets |
|
|
|
| |
Security Deposit | 44,705.87 | 44,705.87 |
|
| |
Total Other Assets | 44,705.87 | 44,705.87 |
|
| |
|
|
|
|
| |
TOTAL ASSETS | 2,395,492.61 | 2,395,492.61 |
|
| |
|
|
|
|
| |
LIABILITIES & EQUITY |
|
|
|
| |
Liabilities |
|
|
|
| |
Current Liabilities |
|
|
|
| |
Accounts Payable-Pre Petition | 1,379,887.13 |
|
|
| |
Accounts Payable-Post Petition | 147,584.43 | 1,527,471.56 |
|
| |
Due To/From NEXIQ Corporate | (3,220,744.79 | ) |
|
|
|
Due To/From NEXIQ DSI | 2,220,351.98 | (1,020,392.81 | ) |
| |
Deferred Revenue | 28,193.80 | 28,193.80 |
|
| |
Accrued Salaries | 64,810.76 |
|
|
| |
Accrued Vacation/Personal | 41,906.75 |
|
|
| |
Accrued 401(k)Payable | 2,692.01 |
|
|
| |
Accrued FSA | 872.51 |
|
|
| |
Accrued Fringes | 2,525.36 | 112,807.39 |
|
| |
Accrued Sales & Use Tax | 11.96 |
|
|
| |
Accrued Royalties | 15,286.19 |
|
|
| |
Accrued Rent | 18,760.00 |
|
|
| |
Warranty Reserve | 20,000.00 | 54,058.15 |
|
| |
Total Current Liabilities | 702,138.09 | 702,138.09 |
|
| |
Total Liabilities | 702,138.09 | 702.138.09 |
|
| |
Equity |
|
|
|
| |
Common Stock | 3,145,000.00 | 3,145,000.00 |
|
| |
Retained Earnings-Prior | (851,402.28 | ) | (851,402.28 | ) |
|
Net Income | (600,243.20 | ) | (600,243.20 | ) |
|
Total Equity | 1,693,354.52 | 1,693,354.52 |
|
| |
TOTAL LIABILITIES & EQUITY | 2,395,492.61 | 2,395,492.61 |
|
| |
|
|
|
|
| |
|
|
|
|
| |
WPI MICRO PROCESSOR SYSTEMS, INC. | |||
PROFIT AND LOSS STATEMENT | |||
FOR THE PERIOD OF OCTOBER 28, 2002 | |||
TO NOVEMBER 24, 2002 | |||
|
|
| |
|
| 10/28/02 to | |
|
| 11/24/02 | |
Income |
|
| |
4000-03 - Sales-Core |
| 649,315.83 | |
4200-05 - Sales-Etechnician |
| 0.00 | |
Total Income - Gross |
| 649,315.83 | |
4900-03 - Freight - Outgoing |
| 1,235.70 | |
4920-03 - Sales Adjustments |
| 5,278.00 | |
�� Total Income - Net |
| 642,802.13 | |
|
|
| |
Cost of Sales |
|
| |
5000-03 - Direct Materials-Core |
| 202,627.04 | |
5000-05 - Direct Materials-Etechnician |
| 28,273.00 | |
5500-05 - Direct Labor |
| 20,019.68 | |
5600-05 - Overhead |
| 57,246.98 | |
Total Cost of Sales |
| 308,166.70 | |
|
|
| |
Gross Profit |
| 334,635.43 | |
|
|
| |
Operating Expenses |
|
| |
6000 - Wages |
| 209,374.47 | |
6005 - Premium Wages |
| 166.63 | |
6015 - Auto Allowance |
| 650.00 | |
6020 - Fringes Misc |
| 0.00 | |
6025 - Tuition Assistance/Training |
| 1,734.41 | |
6060 - Vacation |
| 928.00 | |
6065 - Personal |
| 233.30 | |
6100 - FICA |
| 11,518.27 | |
6105 - FUI |
| 0.05 | |
6110 - SUI |
| 0.00 | |
6120 - Labor Reclass to Cost of Sales |
| (4,961.42 | ) |
6135 - Sales & Use Tax |
| 129.49 | |
6200 - Rent. |
| 15,548.51 | |
6210 - Supplies |
| 460.85 | |
6215 - Telephone |
| 6,349.60 | |
6220 - Electricity |
| 1,400.00 | |
6225 - Disposal |
| 245.95 | |
6230 - Water |
| (82.05 | ) |
6235 - Gas |
| 925.50 | |
6240 - Auto Expense |
| 976.02 | |
6245 - Travel Expense |
| 5,773.37 | |
6246 - Meals & Entertainment |
| 642.69 | |
6250 - Dues and Subscriptions |
| 596.00 | |
6260 - Contract Labor |
| 31,905.00 | |
6121 - Contract Labor - DSI |
| 140,720.00 | |
6300 - Medical Ins |
| 13,536.97 | |
6310 - Life Insurance |
| 334.80 | |
6320 - LT Disability |
| 248.94 | |
6330 - ST Disability |
| 0.00 | |
6350 - Property Taxes |
| 2,707.93 | |
6400 - Equipment Maintenance |
| 5,449.23 | |
6405 - Equipment Lease |
| 2,413.13 | |
6410 - Bank Fees |
| 95.29 | |
6415 - Legal |
| 1,519.67 | |
6421 - Recruiting |
| 0.00 | |
6422 - Payroll Processing |
| 794.70 | |
6430 - Building Maintenance |
| 3,117.62 | |
6454 - Depreciation |
| 194,780.57 | |
6500 - Trade Show Booths |
| 0.00 | |
6500 - Telephone "1-800" |
| 1,987.90 | |
6510 - Commissions |
| (2,000.00 | ) |
6570 - Offsite Storage |
| (93.80 | ) |
6565 - Postage |
| 1,487.36 | |
6606 - Product Development/Pilots |
| 12,502.01 | |
6800 - Bad Debt Expense |
| 2,000.00 | |
6900 - Miscellaneous Expense |
| 60.94 | |
7000 - Gain/Loss on Sale of Assets |
| 98,638.90 | |
Total Operating Expenses |
| 764,816,80 | |
|
|
| |
Net Profit (Loss) |
| (430,181,37 | ) |
|
|
| |
U.S DEPARTMENT OF JUSTICE | |||||||||||
UNITED STATES TRUSTEE | |||||||||||
EASTERN DISTRICT OF MICHIGAN | |||||||||||
|
|
|
|
|
|
|
|
|
|
| |
FOR THE PERIOD OF OCTOBER 28, 2002 TO NOVEMBER 24, 2002 | |||||||||||
|
|
|
|
|
|
|
|
|
|
| |
TAXES PAYABLE SCHEDULE | |||||||||||
POST PETITION | |||||||||||
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
| Beginning |
|
|
| Payments/ |
| Ending | |
|
|
|
| Balance |
| Additions |
| Deposits |
| Balance | |
|
|
|
|
|
|
|
|
|
|
| |
Income Tax Withheld: |
|
|
|
|
|
|
|
| |||
| Federal |
| $ | — | $ | 41,553.69 | $ | (41,553.69 | ) | $ | — |
| State |
|
| 0.00 |
| 9,785.72 |
| (9,785.72 | ) | 0.00 | |
|
|
|
|
|
|
|
|
|
|
| |
FICA Tax Withheld |
| 0.00 |
| 14,363.53 |
| (14,363.53 | ) | 0.00 | |||
|
|
|
|
|
|
|
|
|
|
| |
Employer's FICA Tax |
| 0.00 |
| 14,363.55 |
| (14,363.55 | ) | 0.00 | |||
|
|
|
|
|
|
|
|
|
|
| |
Unemployment Tax: |
|
|
|
|
|
|
|
| |||
| Federal |
|
| 0.00 |
|
|
|
|
| 0.00 | |
| State |
|
| 0.00 |
|
|
|
|
| 0.00 | |
|
|
|
|
|
|
|
|
|
|
| |
Sales Use & Excise Tax |
| 43.02 |
| 11.96 |
| (43.02 | ) | 11.96 | |||
|
|
|
|
|
|
|
|
|
|
| |
Property Taxes |
|
| 0.00 |
| 189.59 |
|
|
| 189.59 | ||
|
|
|
|
|
|
|
|
|
|
| |
Accrued Income Tax: |
|
|
|
|
|
|
|
| |||
| Federal |
|
| 0.00 |
|
|
|
|
| 0.00 | |
| State |
|
| 0.00 |
|
|
|
|
| 0.00 | |
|
|
|
|
|
|
|
|
|
|
| |
Other: ___________________ |
| 0.00 |
|
|
|
|
| 0.00 | |||
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
| |
| TOTALS |
| $ | 43.02 | $ | 80,332.56 | $ | (80,174.03 | ) | $ | 201.55 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
| |
TAXES PAYABLE SCHEDULE | |||||||||||
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
| Policy Expiration Date |
| Premium Paid Through Date | |||||
|
|
|
|
|
|
|
|
|
|
| |
Workers' Compensation |
| 12/31/02 |
| 12/31/02 | |||||||
General Liability |
| 11/30/02 |
| 11/30/02 | |||||||
Property |
| 11/30/02 |
| 11/30/02 | |||||||
Vehicle |
| 11/30/02 |
| 11/30/02 | |||||||
Other (list): |
|
|
|
|
|
|
|
| |||
Directors and Officers Liability |
| 09/30/03 |
| 03/31/03 | |||||||
Technology Errors & Omissions |
| 06/30/03 |
| 12/31/02 | |||||||
Crime |
| 01/31/03 |
| 01/31/03 | |||||||
|
|
|
|
|
|
|
|
|
|
| |
SUMMARY OF POST PETITION ACCOUNTS PAYABLE AGING SCHEDULE |
| ||||||||||
AS OF NOVEMBER 24, 2002 |
| ||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 0 - 30 |
| 31 - 60 |
| 61 - 90 |
| > 90 |
|
NAME OF CREDITOR |
| BALANCE |
| DAYS |
| DAYS |
| DAYS |
| DAYS |
|
|
|
|
|
|
|
|
|
|
|
|
|
ADP, Inc. | $ | 637.58 | $ | 263.23 | $ | 374.35 | $ | — | $ | — |
|
AETHER SYSTEMS,INC |
| 146.90 |
| 146.90 |
|
|
|
|
|
|
|
ALBIN BUSINESS COPIERS |
| 1,002.94 |
| 644.94 |
| 358.00 |
|
|
|
|
|
AMERITECH |
| 1,770.41 |
| 736.75 |
| 1,033.66 |
|
|
|
|
|
ASE-EDUCATIONAL FOUNDATIN |
| 1,123.60 |
|
|
| 1,123.60 |
|
|
|
|
|
AT&T |
| 5,784.31 |
| 4,073.66 |
| 1,710.65 |
|
|
|
|
|
BALBOA CAPITAL CORPORATIN |
| 411.80 |
| 250.31 |
|
|
| 161.49 |
|
|
|
BALBOA CAPITAL CORP-BULK |
| 529.97 |
| 322.14 |
|
|
| 207.83 |
|
|
|
BEST WESTERN STERLING INN |
| 1,861.83 |
| 1,861.83 |
|
|
|
|
|
|
|
BLUE CROSS BLUE SHIELD |
| 16,028.94 |
| 16,028.94 |
|
|
|
|
|
|
|
BLUE CARE NETWORK |
| 3,002.27 |
| 3,002.27 |
|
|
|
|
|
|
|
C DAVIS ROOFING |
| 1,355.85 |
| 1,355.85 |
|
|
|
|
|
|
|
CELLNET COMMUNICATIONS |
| 6,926.56 |
| 5,101.82 |
| 1,824.74 |
|
|
|
|
|
CINGULAR INTERACTIVE-DEV |
| 1,593.07 |
| 1,593.07 |
|
|
|
|
|
|
|
CINTAS |
| 601.69 |
| 601.69 |
|
|
|
|
|
|
|
CITY OF STERLING HEIGHTS |
| 72.71 |
| 72.71 |
|
|
|
|
|
|
|
CITICAPITAL COMMERCIAL |
| 200.51 |
|
|
|
|
| 200.51 |
|
|
|
CONSUMERS ENERGY |
| 2,072.26 |
| 2,072.26 |
|
|
|
|
|
|
|
CUSTOM COFFEE SERVICE INC |
| 36.13 |
|
| 36.13 |
|
|
|
|
| |
DE CLARKS LANDSCAPING |
| 524.50 |
| 262.00 |
| 262.50 |
|
|
|
|
|
DELTA DENTAL |
| 2,843.64 |
| 2,843.64 |
|
|
|
|
|
|
|
DETROIT EDISON |
| 2,793.12 |
| 2,793.12 |
|
|
|
|
|
|
|
ERVIN LEASING |
| 653.12 |
|
|
| 653.12 |
|
|
|
|
|
EXECUTIVE INSTALLATIONS |
| 962.00 |
| 962.00 |
|
|
|
|
|
|
|
EXPANETS FINANCIAL |
| 3,814.19 |
| 3,814.19 |
|
|
|
|
|
|
|
EXPANETS, INC. |
| 1,991.22 |
| 1,811.58 |
| 179.64 |
|
|
|
|
|
EUREKA TECHNOCRATS,INC |
| 4,400.00 |
| 4,400.00 |
|
|
|
|
|
|
|
FEDERAL EXPRESS CORP |
| 1,444.46 |
| 1,444.46 |
|
|
|
|
|
|
|
IMAGE-TEK EXHIBITS |
| 246.77 |
| 246.77 |
|
|
|
|
|
|
|
INTERNATIONAL |
| 715.00 |
| 715.00 |
|
|
|
|
|
|
|
JAMES SURA |
| 2,692.22 |
| 2,692.22 |
|
|
|
|
|
|
|
KAM PATEL |
| 664.18 |
| 664.18 |
|
|
|
|
|
|
|
KAREN FRANK |
| 90.00 |
| 90.00 |
|
|
|
|
|
|
|
KEVIN KELLY |
| 10.00 |
| 10.00 |
|
|
|
|
|
|
|
LEDDS DEVELOPMENT | 13,358.06 | 13,358.06 | |||||||||
MARLA CENTOFANI |
| 124.24 |
| 124.24 |
|
|
|
|
|
|
|
M-CARE |
| 11,699.97 |
| 11,699.97 |
|
|
|
|
|
|
|
METRO MUSIC |
| 450.00 |
| 450.00 |
|
|
|
|
|
|
|
MITCHELL REPAIR INFORMATI |
| 1,760.93 |
|
|
|
|
|
|
| 1,760.93 |
|
MOCERI & SONS ELECTRIC |
| 292.40 |
| 292.40 |
|
|
|
|
|
|
|
DEBBIE LOVALVO |
| 300.46 |
| 300.46 |
|
|
|
|
|
|
|
MR. PITA |
| 126.18 |
| 126.18 |
|
|
|
|
|
|
|
RADER FISHMAN |
| (730.33 | ) | (730.33 | ) |
|
|
|
|
|
|
RICHARD HAHN |
| 140.45 |
| 140.45 |
|
|
|
|
|
|
|
SCOTT SPECIALTY GASES |
| 21.20 |
| 21.20 |
|
|
|
|
|
|
|
TETRA |
| 600.00 |
| 600.00 |
|
|
|
|
|
|
|
T MOBILE |
| 61.53 |
| 61.53 |
|
|
|
|
|
|
|
UNUM |
| 881.81 |
| 881.81 |
|
|
|
|
|
|
|
UNUM LIFE INSURANCE |
| 375.15 |
| 375.15 |
|
|
|
|
|
|
|
UNITED PARCEL SERVICE |
| 4,857.04 |
| 4,857.04 |
|
|
|
|
|
|
|
VERIO, INC. - 22 |
| 1,274.90 |
| 1,006.50 |
|
|
| 268.40 |
|
|
|
VISION SERVICE PLAN |
| 566.05 |
| 566.05 |
|
|
|
|
|
|
|
WASTE MANAGEMENT |
| 226.30 |
|
|
| 226.30 |
|
|
|
|
|
WIRELESS CAR |
| 28,273.00 |
| 28,273.00 |
|
|
|
|
|
|
|
| |||||||||||
TOTALS | $ | 133,645.09 | $ | 109,923.18 | $ | 21,122.75 | $ | 838.23 | $ | 1,760.93 |
|
| |||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S DEPARTMENT OF JUSTICE | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Case Name: | WPI Micro Processor Systems, Inc.. |
|
|
|
|
|
| |||||||
Case Number: | 02-63994-WS |
|
|
|
|
|
|
|
|
|
| |||
|
|
|
|
|
|
|
|
|
|
|
|
| ||
CASH RECEIPTS AND DISBURSEMENTS REPORT | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
| ||
FOR THE PERIOD OF OCTOBER 28, 2002 TO NOVEMBER 24, 2002 | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| GENERAL ACCOUNT | PAYROLL | TAX | ||||||||||||
|
|
|
| Fleet | Fleet - DIP |
| SFB |
| TOTAL |
| ACCOUNT |
| ACCOUNT | |
|
|
|
|
|
|
|
|
|
|
|
|
| ||
CASH ON HAND |
|
|
|
|
|
|
|
|
|
| ||||
BEGINNING OF PERIOD |
| 0.00 | 0.00 |
| (9,976.20) |
| (9,976.20 | ) | 3,316.10 |
| 0.00 | |||
RECEIPTS DURING THE |
|
|
|
|
|
|
|
|
|
| ||||
CURRENT PERIOD |
|
|
|
|
|
|
|
|
|
| ||||
(see attached schedule) |
| 512,117.14 | 752,893.91 |
| 305,000.00 |
| 1,570,011.05 |
| 260,356.65 |
| 0.00 | |||
Balance Available |
| 512,117.14 | 752,893.91 |
| 295,023.80 |
| 1,560,034.85 |
| 263,672.75 |
| 0.00 | |||
DISBURSEMENTS DURING |
|
|
|
|
|
|
|
|
|
| ||||
THE CURRENT PERIOD |
|
|
|
|
|
|
|
|
|
| ||||
(see attached schedule) |
| (512,117.14 | ) | (752,893.91 | ) | (312,158.98 | ) | (1,577,170.03 | ) | (263,172.75 | ) | 0.00 | ||
CASH ON HAND |
|
|
|
|
|
|
|
|
|
| ||||
END OF PERIOD |
| 0.00 | 0.00 |
| (17,135.18) |
| (17,135.18 | ) | 500.00 |
| 0.00 | |||
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
| ||
*** IMPORTANT *** |
|
|
|
| ||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Please enter the TOTAL DISBURSEMENTS from all you accounts, including cash and excluding transfers onto the line below. |
|
|
|
|
|
| ||||||||
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
|
|
| $ 552,567.56 |
|
|
|
|
|
|
|
| ||
| ||||||||||||||
U.S DEPARTMENT OF JUSTICE | |||||
UNITED STATES TRUSTEE | |||||
EASTERN DISTRICT OF MICHIGAN | |||||
|
|
|
|
|
|
Case Name: | WPI Micro Processor Systems, Inc. |
|
| ||
Case Number: | 02-63994-WS |
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
RECEIPTS LISTING | |||||
|
|
|
|
|
|
FOR THE PERIOD OF OCTOBER 28, 2002 TO NOVEMBER 24, 2002 | |||||
|
|
|
|
|
|
Bank: |
| Fleet Bank |
|
| |
Location: |
| 111 Westminister Street, Providence, RI 02903 |
|
| |
Account Name: |
| Nexiq Technologies Concentration Account |
|
| |
Account Number: |
| 9358942298 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| DATE |
|
|
|
|
| RECEIVED |
| DESCRIPTION |
| AMOUNT |
|
|
|
|
|
|
| 10/28/02-11/08/02 |
| A/R Deposits from WPI Micro Processor Systems |
| 477,327.05 |
| 11/01/02 |
| Non A/R Deposits from WPI Micro Processor Systems |
| 1,480.76 |
|
|
|
|
|
|
| Transfer |
| Transfers from Nexiq Technologies to cover wire transfers |
| 33,309.33 |
|
|
|
|
|
|
|
|
| TOTAL |
| $ 512,117.14 |
|
|
|
|
| |
|
|
|
|
|
|
Receipts may be identified by major categories. It is not necessary to list each transaction | |||||
separately by name and customer or invoice number. You must, however, create a separate list | |||||
for each bank account to which receipts were deposited during the month. |
|
| |||
|
|
|
|
|
|
U.S DEPARTMENT OF JUSTICE | |||||
UNITED STATES TRUSTEE | |||||
EASTERN DISTRICT OF MICHIGAN | |||||
|
|
|
|
|
|
Case Name: | WPI Micro Processor Systems, Inc. |
|
| ||
Case Number: | 02-63994-WS |
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
RECEIPTS LISTING | |||||
|
|
|
|
|
|
FOR THE PERIOD OF OCTOBER 28, 2002 TO NOVEMBER 24, 2002 | |||||
|
|
|
|
|
|
Bank: |
| Fleet Bank |
|
| |
Location: |
| 111 Westminister Street, Providence, RI 02903 |
|
| |
Account Name: |
| Nexiq Technologies Debtor in Possession Concentration Account |
|
| |
Account Number: |
| 9429256472 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| DATE |
|
|
|
|
| RECEIVED |
| DESCRIPTION |
| AMOUNT |
|
|
|
|
|
|
| 10/30/02-11/22/02 |
| A/R Deposits from WPI Micro Processor Systems |
| 749,596.10 |
| 11/04/02-11/06/02 |
| Non A/R Deposits from WPI Micro Processor Systems |
| 3,297.91 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| TOTAL |
| $ 752,893.91 |
|
|
|
|
| |
|
|
|
|
|
|
Receipts may be identified by major categories. It is not necessary to list each transaction | |||||
separately by name and customer or invoice number. You must, however, create a separate list | |||||
for each bank account to which receipts were deposited during the month. |
|
| |||
|
|
|
|
|
|
U.S DEPARTMENT OF JUSTICE | |||||
UNITED STATES TRUSTEE | |||||
EASTERN DISTRICT OF MICHIGAN | |||||
|
|
|
|
|
|
Case Name: | WPI Micro Processor Systems, Inc. |
|
| ||
Case Number: | 02-63994-WS |
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
RECEIPTS LISTING | |||||
|
|
|
|
|
|
FOR THE PERIOD OF OCTOBER 28, 2002 TO NOVEMBER 24, 2002 | |||||
|
|
|
|
|
|
Bank: |
| Standard Federal Bank |
|
| |
Location: |
| 40950 Van Dyke Avenue, Sterling Heights, MI 48313 |
|
| |
Account Name: |
| Nexiq Technologies Debtor In Possession |
|
| |
Account Number: |
| 3664000599 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| DATE |
|
|
|
|
| RECEIVED |
| DESCRIPTION |
| AMOUNT |
|
|
|
|
|
|
| Transfer |
| Transfer from Nexiq Technologies to cover checks written | 305,000.00 | |
|
|
|
|
|
|
|
|
| TOTAL |
| $ 305,000.00 |
|
|
|
|
| |
|
|
|
|
|
|
Receipts may be identified by major categories. It is not necessary to list each transaction | |||||
separately by name and customer or invoice number. You must, however, create a separate list | |||||
for each bank account to which receipts were deposited during the month. |
|
| |||
|
|
|
|
|
|
|
| U. S. DEPARTMENT OF JUSTICE |
|
|
|
|
|
|
|
Case Name: |
| WPI Micro Processor Systems, Inc. |
|
|
Case Number: |
| 02-63994-WS |
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| RECEIPTS LISTING |
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| FOR THE PERIOD OF OCTOBER 28, 2002 TO NOVEMBER 24, 2002 |
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Bank: |
| Standard Federal Bank |
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Location |
| 40950 Van Dyke Avenue, Sterling Heights, MI 48313 |
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Account Name: |
| Nexiq Technologies Debtor In Possession |
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Account Number: |
| 5607110490 |
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DATE |
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RECEIVED |
| DESCRIPTION |
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Transfer |
| Transfer from Fleet - Biweekly payroll for period ended 11/03/02 | 130,003.55 | |
Transfer | Transfer from Fleet - Biweekly payroll for period ended 11/17/02 | 130,271.51 | ||
Transfer |
| Transfer from Fleet - Bank fee | 81.59 | |
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| TOTAL |
| $ 260,356.65 |
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Receipts may be identified by major categories. It is not necessary to list each transaction separately by name and customer or invoice number. You must, however, create a separate list for each bank account to which receipts were deposited during the month.
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U.S DEPARTMENT OF JUSTICE | |||||||||
UNITED STATES TRUSTEE | |||||||||
EASTERN DISTRICT OF MICHIGAN | |||||||||
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Case Name: |
| WPI Micro Processor Systems, Inc. |
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Case Number: |
| 02-63994-WS |
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DISBURSEMENTS LISTING | |||||||||
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FOR THE PERIOD OF OCTOBER 28, 2002 TO NOVEMBER 24, 2002 | |||||||||
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Bank: |
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| Fleet Bank |
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Location: |
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| 111 Westminster Street, Providence, RI 02903 |
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Account Name: |
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| Nexiq Technologies Concentration Account |
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Account Number: |
| 9358942298 |
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| DATE |
| CHECK |
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| DISBURSED |
| NUMBER |
| PAYEE |
| DESCRIPTION |
| AMOUNT |
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| 10/29/02 |
| Wire |
| NORTECH SYSTEMS | INVENTORY |
| 3,321.30 | |
| 10/30/02 |
| Wire |
| UPS |
| SHIPPING - $12,508 deposit |
| 12,508.00 |
| 11/06/02 |
| Wire |
| NORTECH SYSTEMS |
| INVENTORY |
| 1,765.45 |
| 11/07/02 |
| Wire |
| NORTECH SYSTEMS |
| INVENTORY |
| 4,740.24 |
| 11/12/02 |
| Wire |
| NORTECH SYSTEMS |
| INVENTORY |
| 2,895.40 |
| 11/14/02 |
| Wire |
| NORTECH SYSTEMS |
| INVENTORY |
| 5,164.04 |
| 11/20/02 |
| Wire |
| NORTECH SYSTEMS |
| INVENTORY |
| 2,914.90 |
| 10/28/02-11/08/02 |
| Transfer |
| Nexiq Technologies | Deposit commingled with other funds |
| 478,807.81 | |
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| TOTAL |
| $ 512,117.14 |
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You must create a separate list for each bank account from which disbursements were made during the month. | |||||||||
U.S DEPARTMENT OF JUSTICE | |||||||||
UNITED STATES TRUSTEE | |||||||||
EASTERN DISTRICT OF MICHIGAN | |||||||||
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Case Name: |
| WPI Micro Processor Systems, Inc. |
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Case Number: |
| 02-63994-WS |
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DISBURSEMENTS LISTING | |||||||||
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FOR THE PERIOD OF OCTOBER 28, 2002 TO NOVEMBER 24, 2002 | |||||||||
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Bank: |
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| Fleet Bank |
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Location: |
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| 111 Westminster Street, Providence, RI 02903 |
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Account Name: |
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| Nexiq Technologies Debtor in Possession Concentration Account |
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Account Number: |
| 9429256472 |
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| DATE |
| CHECK |
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| DISBURSED |
| NUMBER |
| PAYEE |
| DESCRIPTION |
| AMOUNT |
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| 10/30/02-11/22/02 |
| Transfer |
| Nexiq Technologies | Deposit commingled with other funds |
| 749,596.10 | |
| 11/04/02-11/06/02 |
| Transfer |
| Nexiq Technologies | Deposit commingled with other funds |
| 3,297.81 | |
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| TOTAL |
| $ 752,893.91 |
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You must create a separate list for each bank account from which disbursements were made during the month. | |||||||||
U.S DEPARTMENT OF JUSTICE | |||||||||
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Case Name: |
| WPI Micro Processor Systems, Inc. |
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Case Number: |
| 02-63994-WS |
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DISBURSEMENTS LISTING | |||||||||
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FOR THE PERIOD OF OCTOBER 28, 2002 TO NOVEMBER 24, 2002 | |||||||||
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Bank: |
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| Standard Federal Bank |
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Location: |
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| 40950 Van Dyke Avenue, Sterling Heights, MI 48313 |
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Account Name: |
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| Nexiq Technologies Debtor In Possession |
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Account Number: |
| 3664000599 |
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| DATE |
| CHECK |
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| DISBURSED |
| NUMBER |
| PAYEE |
| DESCRIPTION |
| AMOUNT |
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| Transfer |
| Diversified Software Industries | Checks written |
| 51,341.22 | ||
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| Transfer |
| Nexiq Technologies |
| Checks written |
| 4,732.28 | |
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| 10/30/02 |
| 1063 |
| COMPUTER ART TECHNOLOGY | CONTRACT LABOR - ENG |
| 3,460.00 | |
| 10/30/02 |
| 1064 |
| COSTELLO IMAGE GRAPHICS |
| INVENTORY |
| 1,369.10 |
| 10/30/02 |
| 1065 |
| DARSON CORPORATION |
| INVENTORY |
| 238.20 |
| 10/30/02 |
| 1066 |
| DEBRON |
| INVENTORY |
| 3,340.00 |
| 10/30/02 |
| 1067 |
| EDP COMPANY | INVENTORY |
| 11,280.00 | |
| 10/30/02 |
| 1068 |
| LEADING EDGE |
| INVENTORY |
| 2,633.00 |
| 10/30/02 |
| 1069 |
| LECTRONICS, INC. | INVENTORY |
| 7,250.00 | |
| 10/30/02 |
| 1070 |
| REPTRON ELECTRONICS |
| INVENTORY |
| 3,400.00 |
| 10/30/02 |
| 1071 |
| SCOTT SPECIALITY GLASS |
| INVENTORY |
| 1,864.00 |
| 10/30/02 |
| 1073 |
| BLUE CROSS BLUE SHIELD |
| BENEFITS |
| 14,013.15 |
| 10/30/02 |
| 1074 |
| BLUE CARE NETWORK |
| BENEFITS |
| 8,177.47 |
10/30/02 |
| 1075 |
| BRIAN HIMANEK |
| T&E REIMBURSEMENT |
| 65.73 | |
| 10/30/02 |
| 1076 |
| CDW COMPUTER CENTERS, INC. |
| INVENTORY |
| 427.00 |
| 10/30/02 |
| 1077 |
| CHUCK WRIGHT |
| T&E REIMBURSEMENT |
| 25.61 |
| 10/30/02 |
| 1078 |
| DELTA DENTAL |
| BENEFITS |
| 2,942.85 |
| 10/30/02 |
| 1079 |
| HRAGD |
| MEMBERSHIP DUES |
| 95.00 |
| 10/30/02 |
| 1080 |
| M-CARE |
| BENEFITS |
| 15,015.23 |
| 10/30/02 |
| 1081 |
| MICHIGAN BUSINESS |
| BENEFITS |
| 100.00 |
| 10/30/02 |
| 1082 |
| PETTY CASH |
| PETTY CASH |
| 381.43 |
| 10/30/02 |
| 1083 |
| RICHARD HANH |
| T&E REIMBURSEMENT |
| 104.62 |
| 10/30/02 |
| 1084 |
| UNUM |
| BENEFITS |
| 2,120.57 |
| 10/30/02 |
| 1085 |
| UNUM LIFE INSURANCE |
| BENEFITS |
| 498.80 |
| 10/30/02 |
| 1086 |
| VISION SERVICE PLAN |
| BENEFITS |
| 983.99 |
| 11/04/02 |
| 1101 |
| MICHAEL LAFERLE |
| T&E REIMBURSEMENT |
| 2,400.00 |
| 11/05/02 |
| 1103 |
| G & P CLEANING COMPANY | JANITORIAL SERVICES |
| 1,000.00 | |
| 11/06/02 |
| 1104 |
| COSTELLO IMAGE GRAPHICS |
| INVENTORY |
| 983.15 |
| 11/06/02 |
| 1105 |
| DEBRON |
| INVENTORY |
| 3,340.00 |
| 11/06/02 |
| 1106 |
| DIGI-KEY CORPORATION |
| PRODUCT & DEVL - ENG |
| 325.36 |
| 11/06/02 |
| 1107 |
| EDP COMPANY |
| INVENTORY |
| 6,200.00 |
| 11/06/02 |
| 1108 |
| LEADING EDGE |
| INVENTORY |
| 553.00 |
| 11/06/02 |
| 1109 |
| LECTRONICS, INC. |
| INVENTORY |
| 7,816.60 |
| 11/07/02 |
| 1110 |
| A & B RADIO & ALARM |
| ALARM SERVICES |
| 162.00 |
| 11/07/02 |
| 1111 |
| BRAD KELLEY |
| T&E REIMBURSEMENT |
| 500.00 |
| 11/07/02 |
| 1112 |
| CINTAS |
| UNIFORMS |
| 346.02 |
| 11/07/02 |
| 1113 |
| DATACOMM CABLES, INC. |
| INVENTORY |
| 468.75 |
| 11/07/02 |
| 1114 |
| DEBRON | INVENTORY |
| 4,175.00 | |
| 11/07/02 |
| 1115 |
| DE CLARKS LANDSCAPING |
| LANDSCAPING |
| 262.50 |
| 11/07/02 |
| 1116 |
| DOT - XPECT FIRST AID |
| FIRST AID |
| 73.02 |
| 11/07/02 |
| 1117 |
| FEDERAL EXPRESS |
| SHIPPING |
| 540.26 |
| 11/07/02 |
| 1119 |
| KAREN FRANK |
| T&E REIMBURSEMENT |
| 546.00 |
| 11/07/02 |
| 1121 |
| LEDDS DEVELOPMENT COMPANY |
| RENT |
| 20,705.00 |
| 11/07/02 |
| 1122 |
| MELISSA KLEMISH |
| TUITION REIMBURSEMENT |
| 4890.49 |
| 11/07/02 |
| 1123 |
| MICHAEL KAPOLKA |
| T & E REIMBURSEMENT |
| 206.00 |
| 11/07/02 |
| 1124 |
| PURCHASE POWER |
| POSTAGE |
| 1,035.77 |
| 11/07/02 |
| 1125 |
| RICHARD HAHN |
| T & E REIMBURSEMENT |
| 82.05 |
| 11/07/02 |
| 1126 |
| STATE OF MICHIGAN |
| SALES AND USE TAX |
| 43.02 |
| 11/07/02 |
| 1127 |
| UNITED PARCEL SERVICE |
| SHIPPING |
| 6,419.88 |
| 11/07/02 |
| 1128 |
| VERIO, INC. |
| T1 ACCOUNT |
| 1,0063.50 |
| 11/08/02 |
| 1132 |
| JENNIFER MONTGOMERY |
| T & E REIMBURSEMENT |
| 26.25 |
| 11/11/02 |
| 1133 |
| CHESAPEAKE DISPLAY & PACK | INVENTORY |
| 1,968.75 | |
| 11/11/02 |
| 1134 |
| PLASTIC FORMING CO |
| INVENTORY |
| 1,414.00 |
| 11/12/02 |
| 1135 |
| CHESAPEAKE DISPLAY & PACK |
| INVENTORY |
| 805.68 |
| 11/12/02 |
| 1136 |
| EDP COMPANY |
| INVENTORY |
| 8,160.00 |
| 11/12/02 |
| 1137 |
| LEADING EDGE |
| INVENTORY |
| 1,387.50 |
| 11/12/02 |
| 1138 |
| LECTRONICS, INC. |
| INVENTORY |
| 5,875.00 |
| 11/12/02 |
| 1139 |
| REPTRON ELECTRONICS |
| INVENTORY |
| 4,187.50 |
| 11/13/02 |
| 1141 |
| AMERITECH - PHONE - MPSI LOC |
| TELEPHONE SERVICES |
| 668.27 |
| 11/13/02 |
| 1142 |
| AT&T - PHONE - MPSI LONG DIS |
| TELEPHONE SERVICES |
| 268.28 |
| 11/13/02 |
| 1143 |
| AT&T - PHONE - T1 MICHIGAN TO |
| TELEPHONE SERVICES |
| 3,569.20 |
| 11/13/02 |
| 1144 |
| ADP, INC. - K56 |
| MPSI PAYROLL |
| 407.51 |
| 11/13/02 |
| 1145 |
| BALBOA CAPITAL CORPORATION |
| LEASE |
| 273.92 |
| 11/13/02 |
| 1146 |
| BALBOA CAPITAL CORPORATION -BULK |
| LEASE |
| 322.14 |
| 11/13/02 |
| 1148 |
| CITICAPITAL COMMERCIAL |
| FORKLIFT LEASE |
| 295.99 |
| 11/13/02 |
| 1149 |
| CONTINENTAL CARTON & PACK |
| SHIPPING SUPPLIES |
| 332.86 |
| 11/13/02 |
| 1150 |
| COSTELLO IMAGE GRAPHICS |
| INVENTORY |
| 757.40 |
| 11/13/02 |
| 1151 |
| DAN MORRIS |
| FSA REIMBURSEMENT |
| 300.00 |
| 11/13/02 |
| 1152 |
| DARSON CORPORATION |
| INVENTORY |
| 183.00 |
| 11/13/02 |
| 1153 |
| DEBRON |
| INVENTORY |
| 5,010.00 |
| 11/13/02 |
| 1154 |
| DOT - XPECT FIRST AID |
| FIRST AID |
| 63.32 |
| 11/13/02 |
| 1155 |
| ERVIN LEASING |
| LEASE |
| 909.46 |
| 11/13/02 |
| 1156 |
| FEDERAL EXPRESS |
| SHIPPING SERVICES |
| 84.05 |
| 11/13/02 |
| 1157 |
| HONEY HOLBROOK |
| T & E REIMBURSEMENT |
| 46.53 |
| 11/13/02 |
| 1158 |
| IDEALEASE, INC. |
| TRADE SHOW |
| 250.00 |
| 11/13/02 |
| 1159 |
| JACK SCHANG |
| FSA REIMBURSEMENT |
| 19.58 |
| 11/13/02 |
| 1160 |
| KAM PATEL |
| FSA REIMBURSEMENT |
| 577.72 |
| 11/13/02 |
| 1161 |
| KAREN FRANK |
| T & E REIMBURSEMENT |
| 58.00 |
| 11/13/02 |
| 1162 |
| KEIL SOFTWARE, INC. |
| ENG DEVELOPMENT |
| 2,095.00 |
| 11/13/02 |
| 1163 |
| KEN TURNER |
| T & E REIMBURSEMENT |
| 276.45 |
| 11/13/02 |
| 1164 |
| LAURA BLACKWOOD |
| FSA REIMBURSEMENT |
| 10.00 |
| 11/13/02 |
| 1165 |
| MICHAEL LAMBIE |
| FSA REIMBURSEMENT |
| 833.20 |
| 11/13/02 |
| 1167 |
| MOHAMMED UDDIN |
| T & E REIMBURSEMENT |
| 6.00 |
| 11/13/02 |
| 1168 |
| DEBBIE LOVALVO - PETTY CASH |
| PETTY CASH |
| 405.05 |
| 11/13/02 |
| 1169 |
| PAC TEC |
| INVENTORY |
| 1,220.00 |
| 11/13/02 |
| 1170 |
| PITNEY BOWES, INC. |
| POSTAGE SUPPLIES |
| 46.05 |
| 11/13/02 |
| 1171 |
| RICHARD HAHN |
| T & E REIMBURSEMENT |
| 87.53 |
| 11/13/02 |
| 1173 |
| SOCIETY OF HUMAN RESOURCE |
| MEMBERSHIP |
| 260.00 |
| 11/13/02 |
| 1177 |
| STERLING HEIGHTS POST |
| RENEWAL |
| 150.00 |
| 11/13/02 |
| 1179 |
| UPS CUSTOMHOUSE BROKERAGE |
| SHIPPING SERVICES |
| 61.50 |
| 11/13/02 |
| 1181 |
| WASTE MANAGEMENT |
| TRASH SERVICES |
| 351.36 |
| 11/14/02 |
| 1183 |
| ARROW-SCHWEBER |
| INVENTORY |
| 150.00 |
| 11/14/02 |
| 1184 |
| AMERICA II ELECTRONICS |
| INVENTORY |
| 120.70 |
| 11/14/02 |
| 1185 |
| CHESTER TARAS |
| T & E REIMBURSEMENT |
| 176.52 |
| 11/18/02 |
| 1189 |
| CELLNET COMMUNICATIONS |
| REPLACEMENT PHONE |
| 106.00 |
| 11/18/02 |
| 1190 |
| EDP COMPANY |
| INVENTORY |
| 13,000.00 |
| 11/18/02 |
| 1191 |
| LEADING EDGE |
| INVENTORY |
| 2,006.50 |
| 11/18/02 |
| 1192 |
| LECTRONICS, INC. |
| INVENTORY |
| 6,901.00 |
| 11/18/02 |
| 1193 |
| REPTRON ELECTRONICS, INC. |
| INVENTORY |
| 4,893.70 |
| 11/18/02 |
| 1194 |
| STRYDEL, INC. |
| INVENTORY |
| 1,574.10 |
| 11/20/02 |
| 1195 |
| COSTELLO IMAGE GRAPHICS |
| INVENTORY |
| 905.45 |
| 11/20/02 |
| 1197 |
| DEBRON |
| INVENTORY |
| 4,175.00 |
| 11/20/02 |
| 1198 |
| DE CLARKS LANDSCAPING |
| LANDSCAPING |
| 762.50 |
| 11/20/02 |
| 1199 |
| EUREKA TECNOCRATS, INC. |
| CONTRACTOR LABOR |
| 4,400.00 |
| 11/20/02 |
| 1201 |
| MICHAEL KAPOLKA |
| T & E REIMBURSEMENT |
| 171.41 |
| 11/20/02 |
| 1202 |
| PITNEY BOWES |
| POSTAGE |
| 1,000.00 |
| 11/20/02 |
| 1205 |
| RICHARD HAHN |
| T & E REIMBURSEMENT |
| 76.58 |
| 11/20/02 |
| 1206 |
| THOMAS KOTENKO |
| T & E REIMBURSEMENT |
| 1,937.14 |
| 11/20/02 |
| 1208 | CUSTOM COFFEE SERVICE |
| COFFEE SERVICES |
| 199.35 | |
| 11/22/02 |
| 1209 |
| COSTELLO IMAGE GRAPHICS |
| INVENTORY |
| 1,778.50 |
| 11/22/02 |
| 1210 |
| DARSON CORPORATION |
| INVENTORY |
| 578.50 |
| 11/22/02 |
| 1211 |
| DATACOMM CABLES, INC. |
| INVENTORY |
| 625.00 |
| 11/22/02 |
| 1212 |
| DIGI-KEY CORPORATION |
| INVENTORY |
| 271.61 |
| 11/22/02 |
| 1213 |
| EDP COMPANY |
| INVENTORY |
| 14,080.00 |
| 11/22/02 |
| 1214 |
| LEADING EDGE |
| INVENTORY |
| 1,766.75 |
| 11/22/02 |
| 1215 |
| LECTRONICS, INC. |
| INVENTORY |
| 6,525.00 |
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| Standard Federal Bank |
| Bank Fee |
| 13.70 | |
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| TOTAL |
| $312,158.98 |
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You must create a separate list for each bank account from which disbursements were made during the month. |
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| U. S. DEPARTMENT OF JUSTICE | |||||||
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Case Name: |
| WPI Micro Processor Systems, Inc. |
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Case Number: |
| 02-63994-WS |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
Bank: |
|
|
| Standard Federal Bank |
|
|
|
|
Location: |
|
|
| 40950 Van Dyke Avenue, Sterling Heights, MI 48313 |
|
| ||
Account Name: |
|
|
| Nexiq Technologies Debtor In Possession |
|
| ||
Account Number: |
|
|
| 5607110490 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DATE |
| CHECK |
|
|
|
|
|
|
DISBURSED |
| NUMBER |
| PAYEE |
| DESCRIPTION |
| AMOUNT |
|
|
|
|
|
|
|
|
|
11/07/02 |
| Wires |
| All Employees |
| Payroll for Biweekly period ended 11/03/02 |
| 132,819.65 |
11/21/02 |
| Wires |
| All Employees |
| Payroll for Biweekly period ended 11/17/02 |
| 130,271.51 |
|
|
|
| Standard Federal Bank |
| Monthly Bank Fee |
| 81.59 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| TOTAL |
| $ 263,172.75 |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
You must create a separate list for each bank account from which disbursements were made during the month. |
|
|
|
| ||||
|
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|
|
|
|
|
|
|
|
|
|
EXHIBIT 99.3
UNITED STATES BANKRUPTCY COURT
EASTERN DISTRICT OF MICHIGAN
In the matter of:
Case Number: 02-63998-WS
Chapter 11
Diversified Software Industries, Inc. Debtor(s) |
| Hon. Walter Shapero |
STATEMENT OF DEBTOR IN POSSESSION
UNDER BANKR. R. PRO. 9010
For the month of October 28 to November 24, 2002
The Debtor in Possession states:
Attached is a complete and accurate (check appropriate lines).
X Balance Sheet
X Profit and Loss Statement
X Cash Receipts & Disbursements Report
X Accounts Payable Aging Schedule
X Taxes Payable/Insurance Schedule
X Reconciled Bank Statement(s)
The statements contained within have been completed on a _______________________ CASH X ACCRUAL BASIS. I understand that any false statement may subject me to sanctions as provided for in Bankr. R. Pro. 9011.
| /s/ Kevin F. Kelly |
12/19/2002
Date
A. Mail the original to: | Mail one copy of this report to: |
B. Mail a copy of this report to each member of the Creditors' Committee (if any) and the attorney for the Creditors' Committee (if any).
U.S. DEPARTMENT OF JUSTICE
UNITED STATES TRUSTEE
EASTERN DISTRICT OF MICHIGAN
In the matter of:
Case Number: 02-63998-WS
Chapter 11
Diversified Software Industries, Inc. Debtor(s) |
| Hon. Walter Shapero |
AFFIRMATIONS
UNDER BANKR. R. PRO. 9011
As Debtor in Possession, I affirm:
1. That the insurance, as described in section 5 of the Notice of Operating Instructions and Reporting Requirements, is in effect, and
2. That all post petition taxes, as described in section 9 of the Notice of Operating Instructions and Reporting Requirements, are current.
3. No professional fees (accountant, attorneys, etc.) have been paid without specific court authorization. Explain below if not true.
I understand that any false statement may subject me to sanctions as provided for in Bankr. R. Pro. 9011.
| /s/ Kevin F. Kelly |
12/19/2002
Date
Explanations:
DIVERSIFIED SOFTWARE INDUSTRIES, INC. | ||||
BALANCE SHEET | ||||
AS OF NOVEMBER 24, 2002 | ||||
|
|
| ||
|
|
| ||
ASSETS |
|
| ||
Current Assets |
|
| ||
Checking-Hawkeye State Bank | 300.00 |
| ||
Checking-FSA | 968.32 | 1,268.32 | ||
Accounts Receivable | 187,569.57 | 187,569.57 | ||
Employee Advance | 138.87 |
| ||
Prepaid Contracts | 4,307.45 |
| ||
Prepaid Rent | 2,635.78 |
| ||
Prepaid Other | 352.06 | 7,434.16 | ||
Total Current Assets | 196,272.05 | 196,272.05 | ||
Fixed Assets |
|
| ||
Automobile | 50,644.19 |
| ||
Computer Hardware | 266,889.19 |
| ||
Computer Software | 81,170.21 |
| ||
Furniture & Equipment | 440,217.90 |
| ||
Leasehold Improvements | 118,621.71 | 957,543.20 | ||
Accumulated Depreciation | (466,003.21 | ) | (466,003.21 | ) |
Total Fixed Assets | 491,539.99 | 491,539.99 | ||
Other Assets |
|
| ||
Patent | 16,320.92 |
| ||
Security Deposit | 29,340.30 |
| ||
Deposits-Utilities | 1,992.00 |
| ||
Total Other Assets | 47,653.22 | 47,653.22 | ||
|
|
| ||
TOTAL ASSETS | 735,465.26 | 735,465.26 | ||
| ||||
LIABILITIES & EQUITY |
|
| ||
Liabilities |
|
| ||
Current Liabilities |
|
| ||
Accounts Payable-Pre Petition | 120,055.11 |
| ||
Accounts Payable-Post Petition | 19,087.66 | 139,142.77 | ||
Due To/From NEXIQ Corporate | 3,603,359.30 |
| ||
Due To/From NEXIQ Detroit | (2,200,351.98 | ) | 1,403,007.32 | |
Deferred Revenue | 95,573.58 | 95,573.58 | ||
Accrued Salaries | 64,839.48 |
| ||
Accrued Severance | 2,130.88 |
| ||
Accrued Payroll Other | 49,311.21 |
| ||
Accrued FSA | 512.85 |
| ||
Accrued Fringes | 640.00 | 117,434.42 | ||
Total Current Liabilities | 1,755,158.09 | 1,755,158.09 | ||
|
|
| ||
Long Term Liabilities |
|
| ||
TIF Grant | 74,000.00 |
| ||
CEBA Grant | 104,372.98 | 178,372.98 | ||
Total Long Term Liabilities | 178,372.98 | 178,372.98 | ||
Total Liabilities | 1,933,531.07 | 1,933,531.07 | ||
|
|
| ||
Equity |
|
| ||
Owner's Equity-Opening | 26,455.95 |
| ||
Owner's Equity-Other | 2,862,799.32 | 2,889,255.27 | ||
Retained Earnings-DSI | (4,116,277.62 | ) | (4,116,277.62 | ) |
Net Income | 28,956.54 | 28,956.54 | ||
Total Equity | (1,198,065.81 | ) | (1,198,065.81 | ) |
TOTAL LIABILITIES & EQUITY | 735,465.26 | 735,465.26 | ||
DIVERSIFIED SOFTWARE INDUSTRIES, INC. | |||||
PROFIT AND LOSS STATEMENT | |||||
FOR THE PERIOD OF OCTOBER 28, 2002 | |||||
TO NOVEMBER 24, 2002 | |||||
|
|
|
|
|
|
| 10/28/02 to | ||||
| 11/24/02 | ||||
|
| ||||
Income |
| ||||
4000-04 - Consulting-Core | 77,879.85 | ||||
4100-04 - Licenses-ePod | 0.00 | ||||
4000-05 - Consulting-IVIS | 29,551.74 | ||||
4100-05 - Licenses-IVIS SDK | 0.00 | ||||
4010-05 - Intercompany-Telematics | 140,720.00 | ||||
Total Income | 248,151.59 | ||||
|
| ||||
Operating Expenses |
| ||||
6000 - Salaries | 159,816.06 | ||||
6020 - Fringes Misc | 0.00 | ||||
6060 - Vacation | 5,058.35 | ||||
6100 - FICA | 9,788.06 | ||||
6110 - SUI | 1.28 | ||||
6200 - Rent. | 12,243.65 | ||||
6210 - Supplies | (68.60 | ) | |||
6215 - Telephone | 5,007.88 | ||||
6220 - Electricity | 1,050.71 | ||||
6225 -Trash Disposal | 73.59 | ||||
6230 - Water | 0.00 | ||||
6235 - Gas | 227.28 | ||||
6240 - Auto Expense | 317.59 | ||||
6245 - Travel Expense | 2,822.06 | ||||
6246 - Meals & Entertainment | 474.78 | ||||
6300 - Medical Ins | 17,332.02 | ||||
6310 - Disability/Life | 3,093.78 | ||||
6400 - Equipment Maintenance | 633.91 | ||||
6410 - Bank Fees | 6.30 | ||||
6415 - Professional Fees | 329.19 | ||||
6422 - Payroll Processing | 449.65 | ||||
6430 - Building Maintenance | 236.25 | ||||
6454 - Depr | 73,038.91 | ||||
6565 - Postage | 75.62 | ||||
6606 - Product Development | (6,351.67 | ) | |||
7500 - Interest Income | (7.73 | ) | |||
8000 - Interest Expense | 1,278.50 | ||||
|
|
|
|
|
|
Total Expenses | 286,927.48 | ||||
|
|
|
|
|
|
Net Profit (Loss) | (38,775.89 | ) | |||
SUMMARY OF POST PETITION ACCOUNTS PAYABLE AGING SCHEDULE |
| ||||||||||
AS OF OCTOBER 27, 2002 |
| ||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 0 - 30 |
| 31 - 60 |
| 61 - 90 |
| > 90 |
|
|
|
NAME OF CREDITOR |
| DAYS |
| DAYS |
| DAYS |
| DAYS |
| BALANCE |
|
|
|
|
|
|
|
|
|
|
|
|
|
ADP | $ | 224.88 | $ | 16.00 | $ | — | $ | — | $ | 240.88 |
|
Alliance Resources |
|
|
| 3,870.97 |
|
|
|
|
| 3,870.97 |
|
B2B |
|
| 236.25 |
|
|
|
|
| 236.25 |
| |
Cingular Interactive |
| 295.00 |
|
|
|
|
|
| 295.00 |
| |
Deb Droll - Reimb |
|
|
| 42.00 |
|
|
|
|
| 42.00 |
|
| Giant |
|
| 800.00 |
|
|
|
|
| 800.00 |
| |
Linn County REC |
| 1,050.71 |
|
|
|
|
|
|
| 1,050.71 |
|
MidAmerican Energy |
| 227.28 |
|
|
|
|
|
|
| 227.28 |
|
| Provident |
|
|
| 13.48 |
|
|
|
|
| 13.48 |
|
| Sprint |
| 733.69 |
|
|
|
|
|
|
| 733.69 |
|
| Sprint Conferencing Services |
| 1,281.55 |
|
|
|
|
|
| 1,281.55 |
| |
| Sprint PCS |
| 435.33 |
|
|
|
|
|
| 435.33 |
| |
| Venture One, L. C. |
|
|
|
|
| 8,502.53 |
|
|
| 8,502.53 |
|
Verizon Wireless |
| 468.99 |
| 234.70 |
|
|
|
|
| 703.69 |
|
William Callahan - Reimb |
| 654.30 |
|
|
|
|
|
| 654.30 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| TOTALS | $ | 5,371.73 | $ | 5,213.40 | $ | 8,502.53 | $ | — | $ | 19,087.66 | |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
U.S DEPARTMENT OF JUSTICE | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Case Name: | Diversified Software Industries, Inc. |
|
|
|
|
|
| |||||||
Case Number: | 02-63998-WS |
|
|
|
|
|
|
|
|
|
| |||
|
|
|
|
|
|
|
|
|
|
|
|
| ||
CASH RECEIPTS AND DISBURSEMENTS REPORT | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
| ||
FOR THE PERIOD OF OCTOBER 28, 2002 TO NOVEMBER 24, 2002 | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| GENERAL ACCOUNT | PAYROLL | TAX | ||||||||||||
|
|
|
| Fleet | Fleet - DIP |
| SFB |
| TOTAL |
| ACCOUNT |
| ACCOUNT | |
|
|
|
|
|
|
|
|
|
|
|
|
| ||
CASH ON HAND |
|
|
|
|
|
|
|
|
|
| ||||
BEGINNING OF PERIOD |
| 0.00 | 0.00 |
| 0.00 |
| 0.00 |
| 300.00 |
| 0.00 | |||
RECEIPTS DURING THE |
|
|
|
|
|
|
|
|
|
| ||||
CURRENT PERIOD |
|
|
|
|
|
|
|
|
|
| ||||
(see attached schedule) |
| 970.38 | 207,643.90 |
| 51,341.22 |
| 259,955.50 |
| 176,396.08 |
| 0.00 | |||
Balance Available |
| 970.38 | 207,643.90 |
| 51,341.22 |
| 259,955.50 |
| 176,696.08 |
| 0.00 | |||
DISBURSEMENTS DURING |
|
|
|
|
|
|
|
|
|
| ||||
THE CURRENT PERIOD |
|
|
|
|
|
|
|
|
|
| ||||
(see attached schedule) |
| (970.38 | ) | (207,643.90 | ) | (51,341.22 | ) | (259,955.50 | ) | (176,396.08 | ) | 0.00 | ||
CASH ON HAND |
|
|
|
|
|
|
|
|
|
| ||||
END OF PERIOD |
| 0.00 | 0.00 |
| 0.00 |
| 0.00 |
| 300.00 |
| 0.00 | |||
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
| ||
*** IMPORTANT *** |
|
|
|
| ||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Please enter the TOTAL DISBURSEMENTS from all you accounts, including cash and excluding transfers onto the line below. |
|
|
|
|
|
| ||||||||
This is the number that will determine your quarterly fee payment. |
|
|
|
|
|
| ||||||||
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
|
|
| $ 227,737.30 |
|
|
|
|
|
|
|
| ||
| ||||||||||||||
U.S DEPARTMENT OF JUSTICE | |||||
|
|
|
|
|
|
Case Name: | Diversified Software Industries, Inc. |
|
| ||
Case Number: | 02-63998-WS |
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
RECEIPTS LISTING | |||||
|
|
|
|
|
|
FOR THE PERIOD OF OCTOBER 28, 2002 TO NOVEMBER 24, 2002 | |||||
|
|
|
|
|
|
Bank: |
| Fleet Bank |
|
| |
Location: |
| 111 Westminister Street, Providence, RI 02903 |
|
| |
Account Name: |
| Nexiq Technologies Concentration Account |
|
| |
Account Number: |
| 9358942298 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| DATE |
|
|
|
|
| RECEIVED |
| DESCRIPTION |
| AMOUNT |
|
|
|
|
|
|
| 10/28/02-11/01/02 |
| DSI Accounts Receivable deposit |
| 970.38 |
|
|
|
|
|
|
|
|
| TOTAL |
| $ 970.38 |
|
|
|
|
|
|
Receipts may be identified by major categories. It is not necessary to list each transaction | |||||
separately by name and customer or invoice number. You must, however, create a separate list | |||||
for each bank account to which receipts were deposited during the month. |
| ||||
|
|
|
|
|
|
U.S DEPARTMENT OF JUSTICE | |||||
|
|
|
|
|
|
Case Name: | Diversified Software Industries, Inc. |
|
| ||
Case Number: | 02-63998-WS |
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
RECEIPTS LISTING | |||||
|
|
|
|
|
|
FOR THE PERIOD OF OCTOBER 28, 2002 TO NOVEMBER 24, 2002 | |||||
|
|
|
|
|
|
Bank: |
| Fleet Bank |
|
| |
Location: |
| 111 Westminister Street, Providence, RI 02903 |
|
| |
Account Name: |
| Nexiq Technologies Debtor in Possession Concentration Account |
|
| |
Account Number: |
| 9429256472 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| DATE |
|
|
|
|
| RECEIVED |
| DESCRIPTION |
| AMOUNT |
|
|
|
|
|
|
| 11/04/02-11/22/02 |
| DSI Accounts Receivable deposit |
| 207,643.90 |
|
|
|
|
|
|
|
|
| TOTAL |
| $ 207,643.90 |
|
|
|
|
|
|
Receipts may be identified by major categories. It is not necessary to list each transaction | |||||
separately by name and customer or invoice number. You must, however, create a separate list | |||||
for each bank account to which receipts were deposited during the month. |
| ||||
|
|
|
|
|
|
U.S DEPARTMENT OF JUSTICE | |||||
|
|
|
|
|
|
Case Name: | Diversified Software Industries, Inc. |
|
| ||
Case Number: | 02-63998-WS |
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
RECEIPTS LISTING | |||||
|
|
|
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FOR THE PERIOD OF OCTOBER 28, 2002 TO NOVEMBER 24, 2002 | |||||
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Bank: |
| Standard Federal Bank |
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Location: |
| 40950 Van Dyke Avenue, Sterling Heights, MI 48313 |
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Account Name: |
| Nexiq Technologies Debtor In Possession |
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Account Number: |
| 3664000599 |
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| DATE |
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| RECEIVED |
| DESCRIPTION |
| AMOUNT |
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| Transfer |
| Transfer from WPI Micro Processor Systems to cover checks written | 51,341.22 | |
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| TOTAL |
| $ 51,341.22 |
Receipts may be identified by major categories. It is not necessary to list each transaction |
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separately by name and customer or invoice number. You must, however, create a separate list | |||||
for each bank account to which receipts were deposited during the month. |
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U.S DEPARTMENT OF JUSTICE | |||||
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Case Name: | Diversified Software Industries, Inc. |
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Case Number: | 02-63998-WS |
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RECEIPTS LISTING | |||||
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FOR THE PERIOD OF OCTOBER 12, 2002 TO OCTOBER 27, 2002 | |||||
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Bank: |
| Hawkeye State Bank |
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Location: |
| 299 S. Dubuque Street, Iowa City, IA 52240 |
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Account Name: |
| Diversified Software Industries Payroll Account |
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Account Number: |
| 044644 |
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| DATE |
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| RECEIVED |
| DESCRIPTION |
| AMOUNT |
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| Transfer |
| Transfer from Fleet - Biweekly payroll for period ended 11/03/02 | 87,203.73 | |
| Transfer |
| Transfer from Fleet - Biweekly payroll for period ended 11/17/02 | 89,192.35 | |
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| TOTAL |
| $ 176,396.08 |
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Receipts may be identified by major categories. It is not necessary to list each transaction | |||||
separately by name and customer or invoice number. You must, however, create a separate list | |||||
for each bank account to which receipts were deposited during the month. |
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U.S DEPARTMENT OF JUSTICE | |||||||||||
UNITED STATES TRUSTEE | |||||||||||
EASTERN DISTRICT OF MICHIGAN | |||||||||||
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Case Name: |
| Diversified Software Industries, Inc. |
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Case Number: |
| 02-63998-WS |
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DISBURSEMENTS LISTING | |||||||||||
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FOR THE PERIOD OF OCTOBER 12, 2002 TO OCTOBER 27, 2002 | |||||||||||
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Bank: |
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| Standard Federal Bank |
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Location: |
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| 40950 Van Dyke Avenue, Sterling Heights, MI 48313 |
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Account Name: |
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| Nexiq Technologies Debtor In Possession |
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Account Number: |
| 3664000599 |
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| DATE |
| CHECK |
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| DISBURSED |
| NUMBER |
| PAYEE |
| DESCRIPTION |
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| AMOUNT | |
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| 11/01/02 |
| 1087 |
| DELTAL DENTAL |
| BENEFITS |
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| 2,849.20 |
| 11/01/02 |
| 1088 |
| FREEMAN LOCK & ALARM |
| ALARM SERVICES |
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| 66.12 |
| 11/01/02 |
| 1089 |
| GIANT, INC. |
| INTERNET CONNECTION |
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| 258.06 |
| 11/01/02 |
| 1090 |
| J. JAY LASH |
| T&E REIMBURSEMENT |
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| 734.71 |
| 11/01/02 |
| 1091 |
| PROVIDENT |
| BENEFITS |
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| 483.17 |
| 11/01/02 |
| 1092 |
| RONALD STAHLBERG |
| T&E REIMBURSEMENT |
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| 892.31 |
| 11/01/02 |
| 1093 |
| SOUTH SLOPE |
| TELEPHONE SERVICES |
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| 698.46 |
| 11/01/02 |
| 1094 |
| U.S. POSTMASTER |
| STAMPS |
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| 14.80 |
| 11/01/02 |
| 1095 |
| VISION SERVICE PLAN |
| BENEFITS |
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| 574.74 |
| 11/01/02 |
| 1096 |
| WELLMARK |
| BENEFITS |
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| 20,896.11 |
| 11/04/02 |
| 1097 |
| ADP, INC. |
| PAY ROLL PROCESSING |
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| 232.88 |
| 11/04/02 |
| 1098 |
| GREGORY KELSEY | FSA REIMBURSEMENT |
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| 378.89 | |
| 11/04/02 |
| 1099 |
| JANITORIAL RESOURCES |
| JANITOR SERVICES |
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| 131,25 |
| 11/04/02 |
| 1100 |
| LINN COUNTY REC |
| METER DEPOSIT |
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| 1,300.00 |
| 11/04/02 |
| 1102 |
| WASTE MANAGEMENT |
| TRASH SERVICES |
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| 47.40 |
| 11/08/02 |
| 1129 |
| JASON LAMPE |
| T&E REIMBURSEMENT |
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| 1,016.84 |
| 11/08/02 |
| 1130 |
| VENTURE ONE |
| RENT |
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| 13,178.92 |
| 11/08/02 |
| 1131 |
| WILLIAM CALLAHAN |
| T&E REIMBURSEMENT |
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| 44.38 |
| 11/13/02 |
| 1140 |
| ADP, INC. -CV7 |
| DSI PAYROLL |
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| 208.77 |
| 11/13/02 |
| 1147 |
| CINGULAR INTERACTIVE -DEV |
| WIRELESS SERVICES |
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| 274.87 |
| 11/13/02 |
| 1166 |
| MIDAMERICAN ENERGY COM |
| UTILITY |
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| 328.84 |
| 11/13/02 |
| 1172 |
| RONALD STAHLBERG |
| T&E REIMBURSEMENT |
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| 637.91 |
| 11/13/02 |
| 1174 |
| SOUTH SLOPE |
| TELEPHONE SERVICES |
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| 1,128.99 |
| 11/13/02 |
| 1175 |
| SPRINT-LONG DISTANCE |
| TELEPHONE SERVICES |
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| 80.69 |
| 11/13/02 |
| 1176 |
| SPRINT - PCS |
| CELL PHONES |
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| 449.68 |
| 11/13/02 |
| 1178 |
| UNUM LIFE INSURANCE |
| BENEFITS |
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| 2,016.10 |
| 11/13/02 |
| 1182 |
| WASTE MANAGEMENT |
| TRASH SERVICES |
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| 73.59 |
| 11/20/02 |
| 1196 |
| CITY OF CORALVILLE |
| WATER & SEWER |
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| 43.02 |
| 11/20/02 |
| 1200 |
| LINN COUNTY REC |
| ELECTRIC |
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| 387.60 |
| 11/20/02 |
| 1203 |
| PR NEWSWIRE, INC. |
| PRESS RELEASE |
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| 310.00 |
| 11/20/02 |
| 1204 |
| QWEST |
| T1 CONNECTION |
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| 383.92 |
| 11/20/02 |
| 1207 |
| WILLIAM CALLAHAN |
| T&E REIMBURSEMENT |
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| 1,219.00 |
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| TOTAL |
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| $ 51,341.22 | |
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| You must create a separate list for eash bank account from which disbursements were made during the month. | |||||||||
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U. S. DEPARTMENT OF JUSTICE | ||||||||
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Case Name: |
| Diversified Software Industries, Inc. |
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Case Number: |
| 02-63998-WS |
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| DISBURSEMENTS LISTING |
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| FOR THE PERIOD OF OCTOBER 12, 2002 TO OCTOBER 27, 2002 |
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Bank: |
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| Fleet Bank |
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Location: |
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| 111 Westminister Street, Providence, RI 02903 |
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Account Name: |
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| Nexiq Technologies Debtor in Possession Concentration Account |
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Account Number: |
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| 9429256472 |
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DATE |
| CHECK |
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DISBURSED |
| NUMBER |
| PAYEE |
| DESCRIPTION |
| AMOUNT |
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11/04/02-11/22/02 |
| Transfer |
| Nexiq Technologies |
| Transfer - deposit comingled with other funds |
| 207,643.90 |
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| TOTAL |
| $ 207,643.90 |
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U. S. DEPARTMENT OF JUSTICE | ||||||||
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Case Name: |
| Diversified Software Industries, Inc. |
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Case Number: |
| 02-63998-WS |
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| DISBURSEMENTS LISTING |
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| FOR THE PERIOD OF OCTOBER 12, 2002 TO OCTOBER 27, 2002 |
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Bank: |
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| Fleet Bank |
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Location: |
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| 111 Westminister Street, Providence, RI 02903 |
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Account Name: |
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| Nexiq Technologies Concentration Account |
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Account Number: |
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| 9358942209 |
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DATE |
| CHECK |
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DISBURSED |
| NUMBER |
| PAYEE |
| DESCRIPTION |
| AMOUNT |
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10/28/02-11/01/02 |
| Transfer |
| Nexiq Technologies |
| Transfer - deposit comingled with other funds |
| 970.38 |
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| TOTAL |
| $ 970.38 |
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U. S. DEPARTMENT OF JUSTICE | ||||||||
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Case Name: |
| Diversified Software Industries, Inc. |
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Case Number: |
| 02-63998-WS |
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| DISBURSEMENTS LISTING |
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| FOR THE PERIOD OF OCTOBER 12, 2002 TO OCTOBER 27, 2002 |
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Bank: |
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| Hawkeye State Bank |
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Location: |
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| 299 S. Dubuque Street, Iowa City, IA 52240 |
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Account Name: |
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| Diversified Software Industries Payroll Account |
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Account Number: |
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| 044644 |
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DATE |
| CHECK |
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DISBURSED |
| NUMBER |
| PAYEE |
| DESCRIPTION |
| AMOUNT |
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11/07/02 |
| Wires |
| All Employees |
| Payroll for Biweekly period ended 11/03/02 |
| 87,052.35 |
11/21/02 |
| Wires |
| All Employees |
| Payroll for Biweekly period ended 11/17/02 |
| 89,343.73 |
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| TOTAL |
| $ 176,396.08 |
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