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 December 30, 2002 to January 26, 2003
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 and 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 Debtor in Possession | |
02/18/2003 |
A. Mail the original to: | Mail one copy of this report to: |
UNITED STATES BANKRUPTCY COURT 21ST FLOOR - COMERICA BUILDING 211 W. FORT STREET DETROIT, MICHIGAN 48226 | OFFICE OF THE U. S. TRUSTEE 211 WEST FORT STREET SUITE 700 DETROIT, MICHIGAN 48226 Attn: John R. Kuhn |
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).
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 |
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 Report 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 statements may subject me to sanctions as provide for in Bankr. R. Pro. 9011.
/s/ Kevin F. Kelly Debtor in Possession | |
02/18/2003 |
Explanations:
NEXIQ TECHNOLOGIES, INC. | |||
ASSETS | |||
Current Assets | |||
Checking/Savings | |||
Cash | |||
1125 - Cash - Fleet DIP | 1,592,355.22 | ||
Total Cash | 1,592,355.22 | ||
Total Checking/Savings | 1,592,355.22 | ||
Other Current Assets | |||
Prepaid Expenses | |||
1305 - Prepaid Insurance | 20,350.00 | ||
Total Prepaid Expenses | 20,350.00 | ||
Total Other Current Assets | 20,350.00 | ||
Total Current Assets | 1,612,705.22 | ||
Fixed Assets | |||
Fixed Assets - Basis | |||
1605 - Furniture | 51,587.90 | ||
Total Fixed Assets - Basis | 51,587.90 | ||
Accumulated Depreciation | |||
1655 - Accum Depr - Furniture | (44,218.20 | ) | |
Total Accumulated Depreciation | (44,218.20 | ) | |
Total Fixed Assets | 7,369.70 | ||
Other Assets | |||
Investments in Subsidiaries | |||
1701 - Investment - Magnetec | 1,236,886.74 | ||
1702 - Investment - Instruments | 7,473,299.31 | ||
1703 - Investment - Termiflex | 5,535,428.71 | ||
1704 - Investment - Micro Palm | 2,145,187.33 | ||
1705 - Investment - MPSI | 3,145,000.00 | ||
1706 - Investment - Oyster | 1,844,643.00 | ||
1707 - Investment - Husky | 446,964.00 | ||
1708 - Investment - DSI | 559,215.00 | ||
Total Investment in Subsidiaries | 22,426,624.09 | ||
Goodwill | |||
1721 - Goodwill - MPSI | 2,552,214.74 | ||
1723 - Goodwill - DSI | 4,030,000.00 | ||
1725 - Accum Amort - MPSI Goodwill | (1,234,643.42 | ) | |
1727 - Accum Amort - DSI Goodwill | (1,318,905.00 | ) | |
Total Goodwill | 4,028,666.32 | ||
Debt Issuance | |||
1740 - Debt Issuance Costs | 0.00 | ||
1745 - Accum Amort - Debt Issuance | 0.00 | ||
Total Debt Issuance | 0.00 | ||
Total Other Assets | 26,455,290.41 | ||
TOTAL ASSETS | 28,075,365.33 |
NEXIQ TECHNOLOGIES, INC. | |||
LIABILITIES & EQUITY | |||
Liabilities | |||
Current Liabilities | |||
Accounts Payable | |||
Accts Payable | |||
2105 - Accounts Payable Pre Petition | 1,528,156.29 | ||
2105 - Accounts Payable Post Petition | 120,100.78 | ||
Total Accts Payable | 1,648,257.07 | ||
Total Accounts Payable | 1,648,257.07 | ||
Other Current Liabilities | |||
Employee Accruals | |||
2305 - Accrued Restructuring | 681,779.88 | ||
Total Employee Accruals | 681,779.88 | ||
Accrued Expenses | |||
2450 - Accrued Transition | 24,752.97 | ||
2490 - Accrued Other | 958,563.84 | ||
Total Accrued Expenses | 983,316.81 | ||
Interest | |||
2505 - Accrued Bank Interest | 829,434.54 | ||
2510 - Accrued Convertible Note Int | 2,298,395.77 | ||
2515 - Accrued Other Interest | 142,547.94 | ||
Total Interest | 3,270,378.25 | ||
Due To/From Subsidiaries | |||
2705 - Due To/From MPSI | 9,004,337.05 | ||
2710 - Due To/From Instruments/Mag | 48,815.00 | ||
2715 - Due To/From DSI | (2,210,253.41 | ) | |
2720 - Due To/From Discon't Operations | 10,426,017.00 | ||
Total Due To/From Subsidiaires | 17,268,915.64 | ||
Total Other Current Liabilities | 22,204,390.58 | ||
Total Current Liabilities | 23,852,647.65 | ||
Long Term Liabilities | |||
Notes Payable - Long Term | |||
2917 - Bridge Note - Sunrise | 3,000,000.00 | ||
2905 - Fleet Bank - Term A | 4,656,766.38 | ||
2910 - Fleet Bank - Term B | 273,100.84 | ||
2920 - Convertible Notes - Sunrise | 33,935,000.00 | ||
2925 - Convertible Notes - ANG | 4,181,875.00 | ||
2930 - Convertible Notes - PIK | 6,476,583.19 | ||
2940 - Convertible Notes - Discount | 0.00 | ||
Total Notes Payable - Long Term | 52,523,325.41 | ||
Total Long Term Liabilities | 52,523,325.41 | ||
Total Liabilities | 76,375,973.06 | ||
Equity | |||
3050 - Common Stock | 140,479.62 | ||
3100 - Additional Paid in Capital | 41,181,837.55 | ||
3900 - *Retained Earnings | (76,664,039.47 | ) | |
Net Income | (12,958,885.43 | ) | |
Total Equity | (48,300,607.73 | ) | |
TOTAL LIABILITIES & EQUITY | 28,075,365.33 |
NEXIQ TECHNOLOGIES, INC. | |||
12/29/02 to | |||
Ordinary Income/Expense | |||
Expense | |||
8300 - Rent | 2,328.57 | ||
8350 - Supplies | 111.95 | ||
Consultants | |||
8505 - Consultants - General | 550.00 | ||
8520 - Consultants - Bankruptcy | 55,440.00 | ||
Total Consultants | 55,990.00 | ||
8575 - Telephone | 355.46 | ||
8680 - Bank Charges - Monthly Fees | 521.74 | ||
Legal | |||
8705 - Legal - General | 0.00 | ||
8716 - Legal - Bankruptcy | 28,546.28 | ||
Total Legal | 28,546.28 | ||
8740 - General Insurance | 18,175.00 | ||
8995 - Miscellaneous | (66.67 | ) | |
Total Expense | 105,962.33 | ||
Net Ordinary Income | (105,962.33 | ) | |
Other Income/Expense | |||
Other Income | |||
9100 - Gain/(Loss) on Sale of Assets | 0.00 | ||
Total Other Income | 0.00 | ||
Other Expense | |||
Interest Expense | |||
9710 - Convertible Notes | 6,535,981.00 | ||
9715 - Debt Issuance Costs | 521,766.00 | ||
Total Interest Expense | 7,057,747.00 | ||
Taxes | |||
9910 - State Income Taxes | 0.00 | ||
Total Taxes | 0.00 | ||
Total Other Expense | 7,057,747.00 | ||
Net Other Income | (7,057,747.00 | ) | |
Net Income | (7,163,709.33 | ) | |
|
NEXIQ TECHNOLOGIES, INC. | ||||||||||
NAME OF CREDITOR | 0 - 30 | 31-60 | 61 - 90 | > 90 | BALANCE | |||||
Argus | $ | — | $ | — | $ | 10,208.25 | $ | — | $ | 10,208.25 |
Fleet Bank | 24,717.92 | 24,717.92 | ||||||||
Kevin Kelly | 4,750.00 | 4,750.00 | ||||||||
McLane, Graf, Raulerson & Middleton | 50,657.73 | 1,778.92 | 511.65 | 52,948.30 | ||||||
Jennifer Montgomery | 1,200.00 | 1,200.00 | ||||||||
Pepper Hamilton | 5,372.37 | 5,842.35 | 7,026.82 | 18,241.54 | ||||||
Price Waterhouse | 7,500.00 | 7,500.00 | ||||||||
Linda Racette | 250.00 | 250.00 | ||||||||
Verizon Wireless | 284.77 | 284.77 | ||||||||
TOTALS | $ | 94,732.79 | $ | 7,621.27 | $ | 17,746.72 | $ | — | $ | 120,100.78 |
U. S. DEPARTMENT OF JUSTICE | |||||||||
FOR THE PERIOD OF DECEMBER 30, 2002 TO JANUARY 26, 2003 | |||||||||
TAXES PAYABLE SCHEDULE POST PETITION | |||||||||
Beginning | Additions | Payments/ | Ending | ||||||
Income Tax Withheld: | |||||||||
Federal | $ | — | $ | — | $ | — | $ | — | |
State | 0.00 | 0.00 | |||||||
FICA Tax Withheld | 0.00 | 0.00 | |||||||
Employer's FICA Tax | 0.00 | 0.00 | |||||||
Unemployment Tax: | |||||||||
Federal | 0.00 | 0.00 | |||||||
State | 0.00 | 0.00 | |||||||
Sales Use & Excise Tax | 0.00 | 0.00 | |||||||
Property Taxes | 0.00 | 0.00 | |||||||
Accrued Income Tax: | |||||||||
Federal | 0.00 | 0.00 | |||||||
State | 0.00 | 0.00 | |||||||
Other: | 0.00 | 0.00 | |||||||
TOTALS | $ | — | $ | — | $ | — | $ | — | |
TAXES PAYABLE SCHEDULE | |||||||||
Policy Expiration Date | Premium Paid Through Date | ||||||||
Workers' Compensation | 12/31/02 | 12/31/02 | |||||||
General Liability | 01/08/03 | 11/30/02 (awaiting for closeout billing) | |||||||
Property | 01/08/03 | 11/30/02 (awaiting for closeout billing) | |||||||
Vehicle | 01/08/03 | 11/30/02 (awaiting for closeout billing) | |||||||
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 | |||||||
U. S. DEPARTMENT OF JUSTICE | |||||||||||
Case Name: Nexiq Technologies, Inc. | |||||||||||
Case Number: 02-63996-WS | |||||||||||
CASH RECEIPTS AND DISBURSEMENTS REPORT | |||||||||||
FOR THE PERIOD OF DECEMBER 30, 2002 TO JANUARY 26, 2003 | |||||||||||
GENERAL ACCOUNT | |||||||||||
Fleet | Fleet - DIP | SFB | TOTAL | PAYROLL | TAX | ||||||
CASH ON HAND BEGINNING OF PERIOD | 24,904.48 | 1,972,841.91 | 0.00 | 1,997,746.39 | 0.00 | 0.00 | |||||
RECEIPTS DURING THE CURRENT PERIOD (see attached schedule) | 0.00 | 41,597.33 | 397,003.90 | 438,601.23 | 0.00 | 0.00 | |||||
Balance Available | 24,904.48 | 2,014,439.24 | 397,003.90 | 2,436,347.62 | 0.00 | 0.00 | |||||
DISBURSEMENTS DURING | (24,904.48 | ) | (422,084.02 | ) | (397,003.90 | ) | (843,992.40 | ) | 0.00 | 0.00 | |
CASH ON HAND | 0.00 | 1,592,355.22 | 0.00 | 1,592,355.22 | 0.00 | 0.00 | |||||
*** IMPORTANT *** | |||||||||||
Please enter the TOTAL DISBURSEMENTS from all your accounts, including cash and excluding transfers, onto the line below. This is the number that will determine your quarterly fee payment. | |||||||||||
$ | 419,087.92 | ||||||||||
U. S. DEPARTMENT OF JUSTICE UNITED STATES TRUSTEE EASTERN DISTRICT OF MICHIGAN | ||||
Case Name: Nexiq Technologies, Inc. | ||||
Case Number: 02-63996-WS | ||||
RECEIPTS LISTING | ||||
FOR THE PERIOD OF DECEMBER 30, 2002 TO JANUARY 26, 2003 | ||||
Bank: | Fleet Bank | |||
Location: | 111 Westminster Street, Providence, RI 02903 | |||
Account Name: | Nexiq Technologies Concentration Account | |||
Account Number: | 9358942298 | |||
DATE | DESCRIPTION | AMOUNT | ||
0.00 | ||||
TOTAL | $ | — | ||
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: Nexiq Technologies, Inc. | ||||
Case Number: 02-63996-WS | ||||
RECEIPTS LISTING | ||||
FOR THE PERIOD OF DECEMBER 30, 2002 TO JANUARY 26, 2003 | ||||
Bank: | Fleet Bank | |||
Location: | 111 Westminster Street, Providence, RI 02903 | |||
Account Name: | Nexiq Technologies Debtor in Possession Concentration Account | |||
Account Number: | 9429256472 | |||
DATE | DESCRIPTION | AMOUNT | ||
Transfer | Deposits from Diversified Software Industries | 10,471.61 | ||
Transfer | Closed Fleet Concentration Account | 24,904.48 | ||
Transfer | Closed Diversified Software Industries Payroll account | 334.57 | ||
12/31/02 & 1/17/03 | Deposits received for sold accounts receivables | 5,820.00 | ||
01/17/03 | Deposits - NCO collection | 66.67 | ||
TOTAL | $ | 41,597.33 | ||
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: Nexiq Technologies, Inc. | ||||
Case Number: 02-63996-WS | ||||
RECEIPTS LISTING | ||||
FOR THE PERIOD OF DECEMBER 30, 2002 TO JANUARY 26, 2003 | ||||
Bank: | Standard Federal Bank | |||
Location: | 40950 Van Dyke Avenue, Sterling Heights, MI 48313 | |||
Account Name: | Nexiq Technologies Debtor in Possession | |||
Account Number: | 3664000599 | |||
DATE | DESCRIPTION | AMOUNT | ||
Transfer | Transfer from WPI Micro Processor Systems to cover checks written | 397,003.90 | ||
TOTAL | $ | 397,003.90 | ||
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: Nexiq Technologies, Inc. | |||||||
Case Number: 02-63996-WS | |||||||
DISBURSEMENTS LISTING | |||||||
FOR THE PERIOD OF DECEMBER 30, 2002 TO JANUARY 26, 2003 | |||||||
Bank: | Fleet Bank | ||||||
Location: | 111 Westminster Street, Providence, RI 02903 | ||||||
Account Name: | Nexiq Technologies Concentration Account | ||||||
Account Number: | 9358942298 | ||||||
DATE | CHECK | PAYEE | DESCRIPTION | AMOUNT | |||
Transfer | Fleet Nexiq Debtor in Possession | Closed account | 24,904.48 | ||||
TOTAL | $ | 24,904.48 | |||||
You must create a separate list for each bank account from which disbursements were made during the month. | |||||||
U. S. DEPARTMENT OF JUSTICE | |||||||
Case Name: Nexiq Technologies, Inc. | |||||||
Case Number: 02-63996-WS | |||||||
DISBURSEMENTS LISTING | |||||||
FOR THE PERIOD OF DECEMBER 30, 2002 TO JANUARY 26, 2003 | |||||||
Bank: | Fleet Bank | ||||||
Location: | 111 Westminster Street, Providence, RI 02903 | ||||||
Account Name: | Nexiq Technologies Debtor in Possession Concentration Account | ||||||
Account Number: | 9429256472 | ||||||
DATE | CHECK | PAYEE | DESCRIPTION | AMOUNT | |||
01/10/03 | Transfer | WPI Micro Processor Systems | Funding Checks written on Nexiq DIP account | 400,000.00 | |||
01/10/03 | Wire | Fleet Bank | Legal Fees | 1,682.50 | |||
01/17/03 | Wire | Fleet Bank | Legal Fees | 16,051.42 | |||
01/23/03 | Wire | Fleet Bank | Legal Fees | 3,828.36 | |||
Wire | Fleet Bank | Bank fees | 521.74 | ||||
TOTAL | $ | 422,084.02 | |||||
You must create a separate list for each bank account from which disbursements were made during the month. | |||||||
U. S. DEPARTMENT OF JUSTICE | |||||||
Case Name: Nexiq Technologies, Inc. | |||||||
Case Number: 02-63996-WS | |||||||
DISBURSEMENTS LISTING | |||||||
FOR THE PERIOD OF DECEMBER 30, 2002 TO JANUARY 26, 2003 | |||||||
Bank: | Standard Federal Bank | ||||||
Location: | 40950 Van Dyke Avenue, Sterling Heights, MI 48313 | ||||||
Account Name: | Nexiq Technologies Debtor in Possession | ||||||
Account Number: | 3664000599 | ||||||
DATE | CHECK | PAYEE | DESCRIPTION | AMOUNT | |||
01/08/03 | 1447 | BERINGEA, LLC | TRANSACTION FEES & EXPENSES | 262,075.48 | |||
01/08/03 | 1454 | HONEY HOLBROOK | CONTRACTOR - HR | 780.00 | |||
01/08/03 | 1456 | JENNIFER MONTGOMERY | CONTRACTOR - FINANCE | 1,600.00 | |||
01/08/03 | 1457 | KEVIN KELLY | CONTRACTOR - FINANCE | 3,500.00 | |||
01/08/03 | 1459 | LINDA RACETTE | 8-K FILING | 250.00 | |||
01/08/03 | 1460 | MCLANE, GRAF | NOVEMBER FEES | 10,166.37 | |||
01/08/03 | 1463 | PEPPER HAMILTON, LLP | NOVEMBER FEES | 43,083.10 | |||
01/08/03 | 1466 | SOUTHERN NH SOFTWARE | MOVE CORPORATE ASSETS | 305.00 | |||
01/15/03 | 1473 | PRICE WATERHOUSE COOPERS | FY01 FEDERAL TAX | 10,000.00 | |||
01/17/03 | 1481 | JENNIFER MONTGOMERY | CONTRACT | 1,600.00 | |||
01/17/03 | 1482 | KEVIN KELLY | CONTRACT | 4,875.00 | |||
01/17/03 | 1483 | LINDA RACETTE | CONTRACT | 50.00 | |||
01/24/03 | 1502 | DEBRA DROLL | CONTRACT LABOR | 490.00 | |||
01/24/03 | 1505 | DIANE HALL | CONTRACT LABOR | 611.95 | |||
01/24/03 | 1510 | HONEY HOLBROOK | CONTRACT LABOR | 870.00 | |||
01/24/03 | 1512 | JENNIFER MONTGOMERY | CONTRACT LABOR | 2,900.00 | |||
01/24/03 | 1513 | KEVIN KELLY | CONTRACT LABOR | 4,875.00 | |||
01/24/03 | 1514 | NEW ENGLAND MICROGRAPHICS | 363.75 | ||||
01/24/03 | 1515 | NNT, INC. | A/R RECEIPT POST SALE | 20.00 | |||
01/24/03 | 1516 | PEPPER HAMILTON | LEGAL - BANKRUPTCY | 33,288.25 | |||
01/24/03 | 1518 | VETRONIX CORPORATION | A/R RECEIPT POST SALE | 5,800.00 | |||
01/24/03 | 1521 | U.S. BANKRUPTCY TRUSTEE | QUARTERLY FEE | 3,750.00 | |||
01/24/03 | 1522 | U.S. BANKRUPTCY TRUSTEE | QUARTERLY FEE | 5,000.00 | |||
01/24/03 | 1523 | U.S. BANKRUPTCY TRUSTEE | QUARTERLY FEE | 750.00 | |||
TOTAL | $ | 397,003.90 | |||||
You must create a separate list for each bank account from which disbursements were made during the month. | |||||||
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 to December 30, 2002 to January 26, 2003
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 and 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 Debtor in Possession | |
02/18/2003 |
A. Mail the original to: | Mail one copy of this report to: |
UNITED STATES BANKRUPTCY COURT 21ST FLOOR - COMERICA BUILDING 211 W. FORT STREET DETROIT, MICHIGAN 48226 | OFFICE OF THE U. S. TRUSTEE 211 WEST FORT STREET SUITE 700 DETROIT, MICHIGAN 48226 Attn: John R. Kuhn |
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).
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 |
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 Report 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 statements may subject me to sanctions as provide for in Bankr. R. Pro. 9011.
/s/ Kevin F. Kelly Debtor in Possession | |
02/18/2003 |
Explanations:
WPI MICRO PROCESSOR SYSTEMS, INC. | |||||
ASSETS | |||||
Current Assets | |||||
Checking-Standard DIP | (79,892.59 | ) | (79,892.59 | ) | |
Prepaid Contracts | 14,008.00 | 14,008.00 | |||
Total Current Assets | (65,884.59 | ) | (65,884.59 | ) | |
Fixed Assets | |||||
Cost | — | — | |||
Accumulated Depreciation | — | — | |||
Total Fixed Assets | — | — | |||
Other Assets | |||||
Security Deposit | 21,895.00 | 21,895.00 | |||
Total Other Assets | 21,895.00 | 21,895.00 | |||
TOTAL ASSETS | (43,989.59 | ) | (43,989.59 | ) |
LIABILITIES & EQUITY | |||||
Liabilities | |||||
Current Liabilities | |||||
Accounts Payable-Pre Petition | 1,373,024.69 | ||||
Accounts Payable-Post Petition | 23,511.41 | 1,396,536.10 | |||
Due To/From NEXIQ Corporate | (9,004,337.05 | ) | |||
Due To/From NEXIQ DSI | 2,137,038.39 | (6,867,298.66 | ) | ||
Accrued Sales & Use Tax | — | — | |||
Total Current Liabilities | (5,470,762.56 | ) | (5,470,762.56 | ) | |
Total Liabilities | (5,470,762.56 | ) | (5,470,762.56 | ) | |
Equity | |||||
Common Stock | 3,145,000.00 | 3,145,000.00 | |||
Retained Earnings-Prior | (851,402.28 | ) | (851,402.28 | ) | |
Net Income | 3,133,175.25 | 3,133,175.25 | |||
Total Equity | 5,426,772.97 | 5,426,772.97 | |||
TOTAL LIABILITIES & EQUITY | (43,989.59 | ) | (43,989.59 | ) | |
WPI MICRO PROCESSOR SYSTEMS, INC. | |||
12/30/02 to | |||
Income | |||
4920-03 - Sales Adjustments | 39.29 | ||
Total Income - Net | (39.29 | ) | |
Cost of Sales | |||
Total Cost of Sales | 0.00 | ||
Gross Profit | (39.29 | ) | |
Operating Expenses | |||
6210 - Supplies | 314.43 | ||
6215 - Telephone | (1,630.77 | ) | |
6220 - Electricity | 145.60 | ||
6230 - Water | 18.72 | ||
6246 - Meals & Entertainment | 57.09 | ||
6300 - Medical Ins | 7,284.90 | ||
6400 - Equipment Maintenance | 623.56 | ||
6405 - Equipment Lease | 2,551.77 | ||
6410 - Bank Fees | 165.51 | ||
6415 - Legal | 4,507.96 | ||
6422 - Payroll Processing | 824.00 | ||
6430 - Building Maintenance | (125.00 | ) | |
6500 - Telephone "1-800" | (167.09 | ) | |
6565 - Postage | 503.02 | ||
6606 - Product Development/Pilots | 573.57 | ||
Total Operating Expenses | 15,647.27 | ||
Net Profit (Loss) | (15,686.56 | ) | |
|
U. S. DEPARTMENT OF JUSTICE | |||||||||
FOR THE PERIOD OF DECEMBER 30, 2002 TO JANUARY 26, 2003 | |||||||||
TAXES PAYABLE SCHEDULE POST PETITION | |||||||||
Beginning | Additions | Payments/ | Ending | ||||||
Income Tax Withheld: | |||||||||
Federal | $ | — | $ | — | $ | — | $ | — | |
State | 0.00 | 0.00 | 0.00 | 0.00 | |||||
FICA Tax Withheld | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Employer's FICA Tax | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Unemployment Tax: | |||||||||
Federal | 0.00 | 0.00 | |||||||
State | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Sales Use & Excise Tax | 13.77 | 0.00 | (13.77 | ) | 0.00 | ||||
Property Taxes | 3,665.06 | 0.00 | (3,665.06 | ) | 0.00 | ||||
Accrued Income Tax: | |||||||||
Federal | 0.00 | 0.00 | |||||||
State | 0.00 | 0.00 | |||||||
Other: Local Tax | 0.00 | 0.00 | 0.00 | 0.00 | |||||
TOTALS | $ | 3,678.83 | $ | — | $ | (3,678.83 | ) | $ | — |
TAXES PAYABLE SCHEDULE | |||||||||
Policy Expiration Date | Premium Paid Through Date | ||||||||
Workers' Compensation | 12/31/02 | 12/31/02 | |||||||
General Liability | 01/08/03 | 11/30/02 (awaiting for closeout billing) | |||||||
Property | 01/08/03 | 11/30/02 (awaiting for closeout billing) | |||||||
Vehicle | 01/08/03 | 11/30/02 (awaiting for closeout billing) | |||||||
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 | |||||||
WPI MICRO PROCESSOR SYSTEMS, INC. | ||||||||||||
NAME OF CREDITOR | BALANCE | 0 - 30 DAYS | 31-60 DAYS | 61-90 DAYS | > 90 DAYS | |||||||
ADP, INC. | $ | 824.00 | $ | 824.00 | $ | — | $ | — | $ | — | ||
AETHER SYSTEMS, INC. | 455.40 | 455.40 | ||||||||||
ALBIN BUSINESS COPIERS | 292.01 | 292.01 | ||||||||||
AT&T | 459.31 | 459.31 | ||||||||||
CELLNET COMMUNICATIONS | 1,623.51 | 1,623.51 | ||||||||||
CINGULAR INTERACTIVE-DEV | 1,171.51 | 1,171.51 | ||||||||||
CINTAS | 569.62 | 569.62 | ||||||||||
CITY OF STERLING HEIGHTS | 7,200.00 | 7,200.00 | ||||||||||
CITY OF STERLING HEIGHTS | 74.84 | 74.84 | ||||||||||
CONSUMERS ENERGY | 1,961.37 | 1,961.37 | ||||||||||
CUSTOM COFFEE SERVICE INC. | 177.90 | 177.90 | ||||||||||
ERVIN LEASING | 212.50 | 212.50 | ||||||||||
EXPANETS, INC. | 1,620.26 | 1,620.26 | ||||||||||
FEDERAL EXPRESS CORP | 436.60 | 436.60 | ||||||||||
IMAGE-TEK EXHIBITS | 150.00 | 150.00 | ||||||||||
MR. PITA | 57.09 | 57.09 | ||||||||||
RADER FISHMAN | 4,507.96 | 4,507.96 | ||||||||||
T MOBILE | 61.53 | 61.53 | ||||||||||
VERIO, INC. -22 | 1,006.50 | 1,006.50 | ||||||||||
WASTE MANAGEMENT | 75.93 | 75.93 | ||||||||||
WIRELESS CAR | 573.57 | 573.57 | ||||||||||
TOTALS | $ | 23,511.41 | $ | 23,449.88 | $ | 61.53 | $ | — | $ | — | ||
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 DECEMBER 30, 2002 TO JANUARY 26, 2003 | |||||||||||
GENERAL ACCOUNT | |||||||||||
Fleet - DIP | SFB | TOTAL | PAYROLL | TAX | |||||||
CASH ON HAND BEGINNING OF PERIOD | 0.00 | 27,372.02 | 27,372.02 |
| 456.65 |
| 0.00 | ||||
RECEIPTS DURING THE CURRENT PERIOD (see attached schedule) | 0.00 | 400,390.64 | 400,390.64 | 0.00 | 0.00 | ||||||
Balance Available | 0.00 | 427,762.66 | 427,762.66 | 456.65 | 0.00 | ||||||
DISBURSEMENTS DURING | 0.00 |
| (507,655.25 | ) | (507,655.25 | ) | (456.65 | ) | 0.00 |
| |
CASH ON HAND | 0.00 | (79,892.59 | ) | (79,892.59 | ) | 0.00 |
| 0.00 | |||
*** IMPORTANT *** | |||||||||||
Please enter the TOTAL DISBURSEMENTS from all your accounts, including cash and excluding transfers, onto the line below. This is the number that will determine your quarterly fee payment. | |||||||||||
$ | 95,542.68 | ||||||||||
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 DECEMBER 30, 2002 TO JANUARY 26, 2003 | ||||
Bank: | Fleet Bank | |||
Location: | 111 Westminster Street, Providence, RI 02903 | |||
Account Name: | Nexiq Technologies Debtor in Possession Concentration Account | |||
Account Number: | 9429256472 | |||
DATE | DESCRIPTION | AMOUNT | ||
None | 0.00 | |||
TOTAL | $ | — | ||
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 DECEMBER 30, 2002 TO JANUARY 26, 2003 | ||||
Bank: | Standard Federal Bank | |||
Location: | 40950 Van Dyke Avenue, Sterling Heights, MI 48313 | |||
Account Name: | Nexiq Technologies Debtor in Possession | |||
Account Number: | 3664000599 | |||
DATE | DESCRIPTION | AMOUNT | ||
Transfer | Transfer from Nexiq Technologies to cover checks written | 400,000.00 | ||
Transfer | Transfer from closed Standard Federal Payroll account | 390.64 | ||
TOTAL | $ | 400,390.64 | ||
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 DECEMBER 30, 2002 TO JANUARY 26, 2003 | ||||
Bank: | Standard Federal Bank | |||
Location: | 40950 Van Dyke Avenue, Sterling Heights, MI 48313 | |||
Account Name: | Nexiq Technologies Debtor in Possession | |||
Account Number: | 5607110490 | |||
DATE | DESCRIPTION | AMOUNT | ||
None | 0.00 | |||
TOTAL | $ | — | ||
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 | |||||||
DISBURSEMENTS LISTING | |||||||
FOR THE PERIOD OF DECEMBER 30, 2002 TO JANUARY 26, 2003 | |||||||
Bank: | Fleet Bank | ||||||
Location: | 111 Westminster Street, Providence, RI 02903 | ||||||
Account Name: | Nexiq Technologies Debtor in Possession Concentration Account | ||||||
Account Number: | 9429256472 | ||||||
DATE | CHECK | PAYEE | DESCRIPTION | AMOUNT | |||
None | 0.00 | ||||||
TOTAL | $ | — | |||||
You must create a separate list for each bank account from which disbursements were made during the month. | |||||||
U. S. DEPARTMENT OF JUSTICE | |||||||
Case Name: WPI Micro Processor Systems, Inc. | |||||||
Case Number: 02-63994-WS | |||||||
DISBURSEMENTS LISTING | |||||||
FOR THE PERIOD OF DECEMBER 30, 2002 TO JANUARY 26, 2003 | |||||||
Bank: | Standard Federal Bank | ||||||
Location: | 40950 Van Dyke Avenue, Sterling Heights, MI 48313 | ||||||
Account Name: | Nexiq Technologies Debtor in Possession | ||||||
Account Number: | 3664000599 | ||||||
DATE | CHECK | PAYEE | DESCRIPTION | AMOUNT | |||
Transfer | Diversified Software Industries | Checks written | 15,174.68 | ||||
Transfer | Nexiq Technologies | Checks written | 397,003.90 | ||||
01/08/03 | 1440 | AMERITECH | LOCAL PHONE SERVICES | 729.16 | |||
01/08/03 | 1441 | AT&T | E-TECH DSL | 219.95 | |||
01/08/03 | 1442 | AT&T | 19 MILE LONG DISTANCE | 3,149.26 | |||
01/08/03 | 1443 | AT&T | T-1 LINE MI TO IA | 3,252.82 | |||
01/08/03 | 1444 | ADP, INC. | PAYROLL PROCESSING | 644.37 | |||
01/08/03 | 1445 | BALBOA CAPITAL CORPORATION | ACCOUNTING PRINTER | 250.31 | |||
01/08/03 | 1446 | BALBOA CAPITAL CORP-BULK | CD BURNER/PRINTER | 352.99 | |||
01/08/03 | 1448 | CINTAS | UNIFORMS AND FLOOR MAT CLEAN | 34.16 | |||
01/08/03 | 1449 | CITY OF STERLING HEIGHTS | WATER & SEWER | 85.47 | |||
01/08/03 | 1450 | EUREKA TECHNOCRATS, INC. | E-TECH CONTRACT LABOR | 4,400.00 | |||
01/08/03 | 1451 | EXPANETS, INC. | PHONE SYSTEMS MAINTENANCE | 681.86 | |||
01/08/03 | 1452 | FEDERAL EXPRESS | SHIPPING CHARGES | 396.02 | |||
01/08/03 | 1453 | G & P CLEANING COMPANY | BUILDING CLEANING SERVICES - JAN | 1,125.00 | |||
01/08/03 | 1455 | IMAGE TEK EXHIBITS | TRADE SHOW BOOTH STORAGE | 150.00 | |||
01/08/03 | 1458 | LEDDS DEVELOPMENT | RENT PROPERTY TAXES | 24,370.06 | |||
01/08/03 | 1461 | DEBBIE LOVALVO | PETTY CASH | 307.60 | |||
01/08/03 | 1462 | MR PITA | CATERING LUNCH | 69.31 | |||
01/08/03 | 1464 | RADER, FISHMAN | E-TECH LEGAL | 782.96 | |||
01/08/03 | 1465 | RAYMOND DRYER | FSA | 100.00 | |||
01/08/03 | 1467 | UNITED PARCEL SERVICE | SHIPPING CHARGES | 1,687.19 | |||
01/08/03 | 1469 | VERIO, INC. | INTERNET T1 | 1,006.50 | |||
01/08/03 | 1470 | WASTE MANAGEMENT | WASTE DISPOSAL | 350.19 | |||
01/08/03 | 1471 | WIRELESSCAR NORTH AMERICA | E-TECH NOC FEE & AIRTIME | 11,812.25 | |||
01/17/03 | 1475 | ALBIN BUSINESS COPIERS | METER CHARGES | 237.93 | |||
01/17/03 | 1476 | CELLNET COMMUNICATIONS | CELL PHONES | 151.25 | |||
01/17/03 | 1477 | CINGULAR INTERACTIVE | E-TECH | 1,203.31 | |||
01/17/03 | 1478 | DE CLARKS LANDSCAPING | LANDSCAPING - SALT CHARGES | 500.00 | |||
01/17/03 | 1479 | FEDERAL EXPRESS | SHIPPING SERVICES | 1,204.70 | |||
01/17/03 | 1490 | STATE OF MICHIGAN | SALES AND USE TAX | 13.77 | |||
01/24/03 | 1492 | AMERITECH | MPSI LOCAL VOICE | 658.98 | |||
01/24/03 | 1493 | AMERITECH | MSPI LOCAL CALLS | 741.25 | |||
01/24/03 | 1494 | AT&T | MPSI LONG DISTANCE | 2,850.96 | |||
01/24/03 | 1495 | AT&T TELECONFERENCE | MPSI TELECONFERENCE | 133.82 | |||
01/24/03 | 1497 | CATERPILLAR | ROYALTY | 21,412.48 | |||
01/24/03 | 1500 | CONSUMERS ENERGY | GAS | 1,220.75 | |||
01/24/03 | 1503 | DETROIT EDISON | ELECTRIC | 2,001.36 | |||
01/24/03 | 1504 | DETROIT DIESEL CORP | ROYALTY | 2,970.00 | |||
01/24/03 | 1506 | EATON CORPORATION | ROYALTY | 504.00 | |||
01/24/03 | 1507 | ERVIN LEASING COMPANY | EQUIPMENT LEASE | 349.32 | |||
01/24/03 | 1508 | EXPANETS FINANCIAL | TELEPHONE LEASE | 3,184.00 | |||
01/24/03 | 1509 | FEDERAL EXPRESS | SHIPPING | 53.96 | |||
01/24/03 | 1520 | CUSTOM COFFEE SERVICES | COFFEE SUPPLIES | 28.00 | |||
01/15/03 | Wire | Standard Federal Bank | Bank Fee | 99.50 | |||
TOTAL | $ | 507,655.25 | |||||
You must create a separate list for each bank account from which disbursements were made during the month. | |||||||
U. S. DEPARTMENT OF JUSTICE | |||||||
Case Name: WPI Micro Processor Systems, Inc. | |||||||
Case Number: 02-63994-WS | |||||||
DISBURSEMENTS LISTING | |||||||
FOR THE PERIOD OF DECEMBER 30, 2002 TO JANUARY 26, 2003 | |||||||
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 | PAYEE | DESCRIPTION | AMOUNT | |||
Transfer | Standard Federal Bank | Closed account | 390.64 | ||||
01/15/03 | Wire | Standard Federal Bank | Monthly Bank Fee | 66.01 | |||
| |||||||
TOTAL | $ | 456.65 | |||||
You must create a separate list for each bank account from which disbursements were made during the month. | |||||||
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. | Hon. Walter Shapero |
STATEMENT OF DEBTOR IN POSSESSION
UNDER BANKR. R. PRO. 9011
For the month of December 30, 2002 to January 26, 2003
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 and 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 Debtor in Possession | |
02/18/2003 |
A. Mail the original to: | Mail one copy of this report to: |
UNITED STATES BANKRUPTCY COURT 21ST FLOOR - COMERICA BUILDING 211 W. FORT STREET DETROIT, MICHIGAN 48226 | OFFICE OF THE U. S. TRUSTEE 211 WEST FORT STREET SUITE 700 DETROIT, MICHIGAN 48226 Attn: John R. Kuhn |
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).
UNITED STATES BANKRUPTCY COURT
EASTERN DISTRICT OF MICHIGAN
In the matter of:
Case Number: 02-63998-WS Chapter 11 |
Diversified Software Industries, 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 Report 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 statements may subject me to sanctions as provide for in Bankr. R. Pro. 9011.
/s/ Kevin F. Kelly Debtor in Possession | |
02/18/2003 |
Explanations:
DIVERSIFIED SOFTWARE INDUSTRIES, INC. | |||||
ASSETS | |||||
Other Assets | |||||
Security Deposit | 2,630.38 | ||||
Deposits - Utilities | 1,992.00 | 4,622.38 | |||
Total Other Assets | 4,622.38 | 4,622.38 | |||
TOTAL ASSETS | 4,622.38 | 4,622.38 |
LIABILITIES & EQUITY | |||||
Liabilities | |||||
Current Liabilities | |||||
Accounts Payable-Pre Petition | 101,817.72 | ||||
Accounts Payable-Post Petition | 3,547.35 | 105,365.07 | |||
Due To/From NEXIQ Corporate | 2,210,253.41 | ||||
Due To/From NEXIQ Detroit | (2,137,038.39) | 73,215.02 | |||
Accrued Salaries | 11,022.35 | ||||
Accrued Payroll Other | 49,311.21 | 60,333.56 | |||
Total Current Liabilities | 238,913.65 | 238,913.65 | |||
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 | 417,286.63 | 417,286.63 | |||
Equity | |||||
Owner's Equity - Opening | 26,455.95 | ||||
Owner's Equity - Other | 2,862,799.32 | 2,889,255.27 | |||
Retained Earnings - DIS | (4,116,277.62 | ) | (4,116,277.62 | ) | |
Net Income | 814,358.10 | 814,358.10 | |||
(412,664.25 | ) | (412,664.25 | ) | ||
TOTAL LIABILITIES & EQUITY | 4,622.38 | 4,622.38 |
DIVERSIFIED SOFTWARE INDUSTRIES, INC. | |||
12/30/02 to | |||
Income | |||
Total Income | 0.00 | ||
Operating Expenses | |||
6000 - Salaries | 10,160.16 | ||
6100 - FICA | 777.25 | ||
6105 - FUTA | 81.28 | ||
6110 - SUI | 3.66 | ||
6215 - Telephone | (334.66 | ) | |
6230 - Water | 32.45 | ||
6235 - Gas | 60.30 | ||
6245 - Travel Expense | (368.00 | ) | |
6310 - Disability/Life | (17.45 | ) | |
6410 - Bank Fees | 6.30 | ||
6415 - Professional Fees | (88.00 | ) | |
6422 - Payroll Processing | 36.00 | ||
6430 - Building Maintenance | 75.60 | ||
6565 - Postage | 107.64 | ||
7000 - Gain/Loss on Sale of Assets | (230,266.03 | ) | |
Total Expenses | (219,733.50 | ) | |
Net Profit (Loss) | 219,733.50 | ||
|
DIVERSIFIED SOFTWARE INDUSTRIES, INC. | ||||||||||
NAME OF CREDITOR | 0 - 30 | 31-60 | 61 - 90 | > 90 | BALANCE | |||||
ADP | $ | 36.00 | $ | — | $ | — | $ | — | $ | 36.00 |
City of Coralville | 50.29 | 50.29 | ||||||||
Linn County REC | 987.24 | 987.24 | ||||||||
MidAmerican Energy | 899.73 | 899.73 | ||||||||
Sprint | 405.92 | 405.92 | ||||||||
Sprint Conferencing Services | 624.07 | 624.07 | ||||||||
Verizon Wireless | 544.10 | 544.10 | ||||||||
TOTALS | $ | 3,547.35 | $ | — | $ | — | $ | — | $ | 3,547.35 |
U. S. DEPARTMENT OF JUSTICE | |||||||||
FOR THE PERIOD OF DECEMBER 30, 2002 TO JANUARY 26, 2003 | |||||||||
TAXES PAYABLE SCHEDULE POST PETITION | |||||||||
Beginning | Additions | Payments/ | Ending | ||||||
Income Tax Withheld: | |||||||||
Federal | $ | — | $ | — | $ | — | $ | — | |
State | 0.00 | 0.00 | 0.00 | 0.00 | |||||
FICA Tax Withheld | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Employer's FICA Tax | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Unemployment Tax: | |||||||||
Federal | 0.00 | 0.00 | |||||||
State | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Sales Use & Excise Tax | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Property Taxes | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Accrued Income Tax: | |||||||||
Federal | 0.00 | 0.00 | |||||||
State | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Other: | 0.00 | 0.00 | |||||||
TOTALS | $ | — | $ | — | $ | — | $ | — | |
TAXES PAYABLE SCHEDULE | |||||||||
Policy Expiration Date | Premium Paid Through Date | ||||||||
Workers' Compensation | 12/31/02 | 12/31/02 | |||||||
General Liability | 01/08/03 | 11/30/02 (awaiting for closeout billing) | |||||||
Property | 01/08/03 | 11/30/02 (awaiting for closeout billing) | |||||||
Vehicle | 01/08/03 | 11/30/02 (awaiting for closeout billing) | |||||||
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 | |||||||
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 DECEMBER 30, 2002 TO JANUARY 26, 2003 | |||||||||||
GENERAL ACCOUNT | |||||||||||
Fleet - DIP | SFB | TOTAL | PAYROLL | TAX | |||||||
CASH ON HAND BEGINNING OF PERIOD | 0.00 | 0.00 | 0.00 | 224.31 | 0.00 | ||||||
RECEIPTS DURING THE CURRENT PERIOD (see attached schedule) | 10,471.61 | 15,174.68 | 25,646.29 | 116.56 | 0.00 | ||||||
Balance Available | 10,471.61 | 15,174.68 | 25,646.29 | 340.87 | 0.00 | ||||||
DISBURSEMENTS DURING | (10,471.61 | ) | (15,174.68 | ) | (25,646.29 | ) | (340.87 | ) | 0.00 |
| |
CASH ON HAND | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
*** IMPORTANT *** | |||||||||||
Please enter the TOTAL DISBURSEMENTS from all your accounts, including cash and excluding transfers, onto the line below. This is the number that will determine your quarterly fee payment. | |||||||||||
$ | 15,180.98 | ||||||||||
U. S. DEPARTMENT OF JUSTICE UNITED STATES TRUSTEE EASTERN DISTRICT OF MICHIGAN | ||||
Case Name: Diversified Software Industries, Inc. | ||||
Case Number: 02-63998-WS | ||||
RECEIPTS LISTING | ||||
FOR THE PERIOD OF DECEMBER 30, 2002 TO JANUARY 26, 2003 | ||||
Bank: | Fleet Bank | |||
Location: | 111 Westminster Street, Providence, RI 02903 | |||
Account Name: | Nexiq Technologies Debtor in Possession Concentration Account | |||
Account Number: | 9429256472 | |||
DATE | DESCRIPTION | AMOUNT | ||
01/17/03 | Sale of fixed asset - Chrysler Concord | 10,000.00 | ||
01/17/03 | Provident Life final settlement | 15.61 | ||
01/17/03 | Reimbursement of unused cash advance | 368.00 | ||
01/17/03 | Legal refund of overpayment | 88.00 | ||
TOTAL | $ | 10,471.61 | ||
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: Diversified Software Industries, Inc. | ||||
Case Number: 02-63998-WS | ||||
RECEIPTS LISTING | ||||
FOR THE PERIOD OF DECEMBER 30, 2002 TO JANUARY 26, 2003 | ||||
Bank: | Standard Federal Bank | |||
Location: | 40950 Van Dyke Avenue, Sterling Heights, MI 48313 | |||
Account Name: | Nexiq Technologies Debtor in Possession | |||
Account Number: | 3664000599 | |||
DATE | DESCRIPTION | AMOUNT | ||
Transfer | Transfer from WPI Micro Processor Systems to cover checks written | 15,174.68 | ||
TOTAL | $ | 15,174.68 | ||
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: Diversified Software Industries, Inc. | ||||
Case Number: 02-63998-WS | ||||
RECEIPTS LISTING | ||||
FOR THE PERIOD OF DECEMBER 30, 2002 TO JANUARY 26, 2003 | ||||
Bank: | Hawkeye State Bank | |||
Location: | 299 S. Dubuque Street, Iowa City, IA 52240 | |||
Account Name: | Diversified Software Industries Payroll Account | |||
Account Number: | 044644 | |||
DATE | DESCRIPTION | AMOUNT | ||
Closed Account related to Flexible Spending Plan Account | 116.56 | |||
TOTAL | $ | 116.56 | ||
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 | |||||||
DISBURSEMENTS LISTING | |||||||
FOR THE PERIOD OF DECEMBER 30, 2002 TO JANUARY 26, 2003 | |||||||
Bank: | Fleet Bank | ||||||
Location: | 111 Westminster Street, Providence, RI 02903 | ||||||
Account Name: | Nexiq Technologies Debtor in Possession Concentration Account | ||||||
Account Number: | 9429256472 | ||||||
DATE | CHECK | PAYEE | DESCRIPTION | AMOUNT | |||
Transfer | Nexiq Technologies | Transfer - deposit comingled with other funds | 10,471.61 | ||||
TOTAL | $ | 10,471.61 | |||||
You must create a separate list for each bank account from which disbursements were made during the month. | |||||||
U. S. DEPARTMENT OF JUSTICE | |||||||
Case Name: Diversified Software Industries, Inc. | |||||||
Case Number: 02-63998-WS | |||||||
DISBURSEMENTS LISTING | |||||||
FOR THE PERIOD OF DECEMBER 30, 2002 TO JANUARY 26, 2003 | |||||||
Bank: | Standard Federal Bank | ||||||
Location: | 40950 Van Dyke Avenue, Sterling Heights, MI 48313 | ||||||
Account Name: | Nexiq Technologies Debtor in Possession | ||||||
Account Number: | 3664000599 | ||||||
DATE | CHECK | PAYEE | DESCRIPTION | AMOUNT | |||
01/08/03 | 1468 | VENTURE ONE | DSI RENT | 9,152.92 | |||
01/17/03 | 1474 | ADP, INC. | PAYROLL SERVICES | 452.25 | |||
01/17/03 | 1480 | FREEMAN LOCK | ALARM SERVICES | 75.60 | |||
01/17/03 | 1484 | LINN COUNTY REC | DSI ELECTRICAL | 1,057.47 | |||
01/17/03 | 1485 | MIDAMERICAN ENERGY COMPANY | DSI GAS | 577.33 | |||
01/17/03 | 1486 | SOUTH SLOPE | LOCAL SERVICE AND T1 CHARGES | 721.05 | |||
01/17/03 | 1487 | SPRINT | LONG DISTANCE CHARGES | 460.47 | |||
01/17/03 | 1488 | SPRINT PCS | CELL PHONES | 414.19 | |||
01/17/03 | 1489 | SPRINT CONFERENCING SERVICES | TELECONFERENCING | 1,116.48 | |||
01/17/03 | 1491 | WASTE MANAGEMENT | DISPOSAL CHARGE | 73.35 | |||
01/24/03 | 1496 | B2B FINANCIAL ADVANTAGE | CLEANING SERVICES | 401.10 | |||
01/24/03 | 1498 | CINGULAR INTERACTIVE | WIRELESS SERVICES | 324.30 | |||
01/24/03 | 1511 | JAMES GRIFFIN | EXPENSE REIMBURSEMENT | 34.35 | |||
01/24/03 | 1517 | QWEST | T1 CONNECTION | 234.73 | |||
01/24/03 | 1519 | CITY OF CORALVILLE | WATER | 79.09 | |||
TOTAL | $ | 15,174.68 | |||||
You must create a separate list for each bank account from which disbursements were made during the month. | |||||||
U. S. DEPARTMENT OF JUSTICE | |||||||
Case Name: Diversified Software Industries, Inc. | |||||||
Case Number: 02-63998-WS | |||||||
DISBURSEMENTS LISTING | |||||||
FOR THE PERIOD OF DECEMBER 30, 2002 TO JANUARY 26, 2003 | |||||||
Bank: | Hawkeye State Bank | ||||||
Location: | 299 S. Dubuque Street, Iowa City, IA 52240 | ||||||
Account Name: | Diversified Software Industries Payroll Account | ||||||
Account Number: | 044644 | ||||||
DATE | CHECK | PAYEE | DESCRIPTION | AMOUNT | |||
Transfer | Fleet Nexiq Debtor in Possession | Closed account | 334.57 | ||||
Wires | Hawkeye State Bank | Bank Fee | 6.30 | ||||
TOTAL | $ | 340.87 | |||||
You must create a separate list for each bank account from which disbursements were made during the month. | |||||||