Exhibit 2.4
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| Monthly Operating Report |
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| ACCRUAL BASIS |
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| 02/13/95, RWD, 2/96 |
CASE NAME: | The Tape Company |
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| Tapebargains.com, Inc. |
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CASE NUMBER: | 03-34770-HDH-11; 03-34769-HDH-11 |
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JUDGE: | Harlin D. Hale |
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UNITED STATES BANKRUPTCY COURT
NORTHERN DISTRICT OF TEXAS
6 DIVISION
MONTHLY OPERATING REPORT
MONTH ENDING: February 29, 2004
IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-7) AND THE ACCOMPANYING ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY): IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE.
RESPONSIBLE PARTY: |
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/s/ Dale Booth |
| Chief Executive Officer |
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ORIGINAL SIGNATURE OF RESPONSIBLE PARTY | TITLE |
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Dale Booth |
| March 20, 2004 |
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PRINTED NAME OF RESPONSIBLE PARTY | DATE |
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PREPARER: |
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/s/ Lee Weiner |
| Director of Treasury |
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ORIGINAL SIGNATURE OF PREPARER | TITLE |
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Lee Weiner |
| March 20, 2004 |
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PRINTED NAME OF PREPARER | DATE |
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| Monthly Operating Report |
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| ACCRUAL BASIS-1 |
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| 02/13/95, RWD, 2/96 |
CASE NAME: | The Tape Company |
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| Tapebargains.com, Inc. |
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CASE NUMBER: | 03-34770-HDH-11; 03-34769-HDH-11 |
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COMPARATIVE BALANCE SHEET
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| SCHEDULE |
| MONTH |
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| MONTH |
| MONTH |
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ASSETS |
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1. |
| UNRESTRICTED CASH |
| $ | 0 |
| $ | 40,932 |
| $ | 4,771 |
| $ | 4,771 |
| $ | 4,771 |
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2. |
| RESTRICTED CASH |
| $ | 0 |
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3. |
| TOTAL CASH |
| $ | 0 |
| $ | 40,932 |
| $ | 4,771 |
| $ | 4,771 |
| $ | 4,771 |
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4. |
| ACCOUNTS RECEIVABLE (NET) |
| $ | 4,806,174 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
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5. |
| INVENTORY |
| $ | 1,716,285 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
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6. |
| NOTES RECEIVABLE |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
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7. |
| PREPAID EXPENSES |
| $ | 203,019 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
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8. |
| OTHER (ATTACH LIST) |
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| Credit card and other receivables-Income Tax |
| $ | 108,178 |
| $ | 0 |
| $ | 46,557 |
| $ | 46,557 |
| $ | 46,557 |
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| Deferred tax asset |
| $ | 104,265 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
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| Taxes receivable |
| $ | 3,942,751 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
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| Prepaid merchandise |
| $ | 112,499 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
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| Employee payroll and travel advances |
| $ | 5,201 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
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| TOTAL OTHER |
| $ | 4,272,894 |
| $ | 0 |
| $ | 46,557 |
| $ | 46,557 |
| $ | 46,557 |
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9. |
| TOTAL CURRENT ASSETS |
| $ | 10,998,372 |
| $ | 40,932 |
| $ | 51,328 |
| $ | 51,328 |
| $ | 51,328 |
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10. |
| PROPERTY, PLANT & EQUIPMENT |
| $ | 3,325,332 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
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11. |
| LESS: ACCUMULATED |
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| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
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| DEPRECIATION / DEPLETION |
| $ | 2,694,116 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
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12. |
| NET PROPERTY, PLANT & EQUIPMENT |
| $ | 631,216 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
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13. |
| DUE FROM INSIDERS |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
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14. |
| OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
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| Goodwill |
| $ | 3,134,437 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
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15. |
| OTHER (ATTACH LIST) |
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16. |
| TOTAL ASSETS |
| $ | 14,764,025 |
| $ | 40,932 |
| $ | 51,328 |
| $ | 51,328 |
| $ | 51,328 |
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POSTPETITION LIABILITIES |
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17. |
| ACCOUNTS PAYABLE |
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| $ | (679,123 | ) | $ | (674,063 | ) | $ | (674,063 | ) | $ | (674,063 | ) | |
18. |
| TAXES PAYABLE |
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| $ | 51,406 |
| $ | 51,406 |
| $ | 51,406 |
| $ | 51,406 |
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19. |
| NOTES PAYABLE |
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| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
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20. |
| PROFESSIONAL FEES* |
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| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
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21. |
| SECURED DEBT* |
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| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
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22. |
| OTHER (ATTACH LIST) |
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| Vendor receivables and prepaid merchandise |
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| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
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| Intercompany payable |
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| $ | 47,450 |
| $ | 6,312 |
| $ | 6,312 |
| $ | 6,312 |
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| Accrued expenses |
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| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
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| TOTAL OTHER |
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| $ | 47,450 |
| $ | 6,312 |
| $ | 6,312 |
| $ | 6,312 |
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23. |
| TOTAL POSTPETITION LIABILITIES |
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| $ | (580,267 | ) | $ | (616,345 | ) | $ | (616,345 | ) | $ | (616,345 | ) | |
PREPETITION LIABILITIES |
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24. |
| SECURED DEBT* |
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25. |
| PRIORITY DEBT |
| $ | 636,667 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
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26. |
| UNSECURED DEBT |
| $ | 5,883,256 |
| $ | 4,901,906 |
| $ | 4,901,906 |
| $ | 4,901,906 |
| $ | 4,901,906 |
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27. |
| OTHER (ATTACH LIST) |
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| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
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| Vendor receivables and prepaid merchandise |
| $ | (112,104 | ) | $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
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| Bank account overdraft |
| $ | 299,324 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
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| Interest Payable |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
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| Accrued expenses |
| $ | 508,925 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
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| Deferred Income Tax |
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| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
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| Intercompany payable |
| $ | 14,985,063 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
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| TOTAL OTHER |
| $ | 15,681,208 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
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28. |
| TOTAL PREPETITION LIABILITIES |
| $ | 22,201,131 |
| $ | 4,901,906 |
| $ | 4,901,906 |
| $ | 4,901,906 |
| $ | 4,901,906 |
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29. |
| TOTAL LIABILITIES |
| $ | 22,201,131 |
| $ | 4,321,639 |
| $ | 4,285,561 |
| $ | 4,285,561 |
| $ | 4,285,561 |
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EQUITY |
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30. |
| PREPETITION OWNERS’ EQUITY |
| $ | (7,437,106 | ) | $ | (7,437,106 | ) | $ | (7,437,106 | ) | $ | (7,437,106 | ) | $ | (7,437,106 | ) |
31. |
| POSTPETITION CUMULATIVE PROFIT OR (LOSS) |
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| $ | 7,289,634 |
| $ | 7,336,108 |
| $ | 7,336,108 |
| $ | 7,336,108 |
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32. |
| DIRECT CHARGES TO EQUITY Writeoff of capital investment by Daisytek |
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| $ | (4,133,235 | ) | $ | (4,133,235 | ) | $ | (4,133,235 | ) | $ | (4,133,235 | ) | |
33. |
| TOTAL EQUITY |
| $ | (7,437,106 | ) | $ | (4,280,707 | ) | $ | (4,234,233 | ) | $ | (4,234,233 | ) | $ | (4,234,233 | ) |
34. |
| TOTAL LIABILITIES & OWNERS’ EQUITY |
| $ | 14,764,025 |
| $ | 40,932 |
| $ | 51,328 |
| $ | 51,328 |
| $ | 51,328 |
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*Refernece should be made to the Monthly Operating Report of Daisytek, Incorporated for an account of secured debt and professional fees.
|
| Monthly Operating Report |
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| ACCRUAL BASIS-2 |
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| 02/13/95, RWD, 2/96 |
CASE NAME: | The Tape Company |
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| Tapebargains.com, Inc. |
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CASE NUMBER: | 03-34770-HDH-11; 03-34769-HDH-11 |
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INCOME STATEMENT
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| MONTH |
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| MONTH |
| MONTH |
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REVENUES |
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1. |
| GROSS REVENUES |
| $ | 2,500,111 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
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2. |
| LESS: RETURNS & DISCOUNTS |
| $ | 49,731 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
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3. |
| NET REVENUE |
| $ | 2,450,380 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
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COST OF GOODS SOLD |
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4. |
| MATERIAL |
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5. |
| DIRECT LABOR |
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6. |
| DIRECT OVERHEAD |
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7. |
| TOTAL COST OF GOODS SOLD |
| $ | 2,267,078 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
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8. |
| GROSS PROFIT |
| $ | 183,302 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
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OPERATING EXPENSES |
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9. |
| OFFICER / INSIDER COMPENSATION |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
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10. |
| SELLING & MARKETING |
| $ | 6,415 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
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11. |
| GENERAL & ADMINISTRATIVE |
| $ | 501,518 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
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12. |
| RENT & LEASE |
| $ | 98,085 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
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13. |
| OTHER (ATTACH LIST) |
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14. |
| TOTAL OPERATING EXPENSES |
| $ | 606,018 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
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15. |
| INCOME BEFORE NON-OPERATING |
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| INCOME & EXPENSE |
| $ | (422,716 | ) | $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
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OTHER INCOME & EXPENSES |
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16. |
| NON-OPERATING INCOME (ATT. LIST) |
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17. |
| NON-OPERATING EXPENSE (ATT. LIST) |
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| Gain on sale (offset in Daisytek Inc.) |
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| $ | (46,558 | ) | $ | 0 |
| $ | 0 |
| $ | 0 |
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| BANK FEES AND OTHER |
| $ | (9,892 | ) | $ | 289 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
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18. |
| INTEREST EXPENSE (Interest Income) |
| $ | 0 |
| $ | (206 | ) | $ | 0 |
| $ | 0 |
| $ | 0 |
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19. |
| DEPRECIATION / DEPLETION |
| $ | 19,259 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
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20. |
| AMORTIZATION |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
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21. |
| OTHER (ATTACH LIST) |
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22. |
| NET OTHER INCOME & EXPENSES |
| $ | 9,367 |
| $ | (46,474 | ) | $ | 0 |
| $ | 0 |
| $ | 0 |
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REORGANIZATION EXPENSES |
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23. |
| PROFESSIONAL FEES* |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
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24. |
| U.S. TRUSTEE FEES |
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25. |
| OTHER (ATTACH LIST) |
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26. |
| TOTAL REORGANIZATION EXPENSES |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
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27. |
| INCOME TAX |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
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28. |
| NET PROFIT (LOSS) |
| $ | (432,083 | ) | $ | 46,474 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
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*Reference should be made to the Monthly Operating Report of Daisytek, Incorporated for an account of professional fees
|
| Monthly Operating Report |
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| ACCRUAL BASIS-3 |
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| 02/13/95, RWD, 2/96 |
CASE NAME: | The Tape Company |
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| Tapebargains.com, Inc. |
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CASE NUMBER: | 03-34770-HDH-11; 03-34769-HDH-11 |
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| MONTH |
| MONTH |
| MONTH |
| MONTH |
| MONTH |
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CASH RECEIPTS AND DISBURSEMENTS |
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1. |
| CASH - BEGINNING OF MONTH |
| $ | 386,670 |
| $ | 40,837 |
| $ | 40,932 |
| $ | 4,771 |
| $ | 4,771 |
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RECEIPTS FROM OPERATIONS |
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2. |
| CASH SALES |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
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COLLECTION OF ACCOUNTS RECEIVABLE |
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3. |
| PREPETITION |
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4. |
| POSTPETITION |
| $ | 3,419,216 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
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5. |
| TOTAL OPERATING RECEIPTS |
| $ | 3,419,216 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
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NON - OPERATING RECEIPTS |
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6. |
| LOANS & ADVANCES (ATTACH LIST) |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
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7. |
| SALE OF ASSETS |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
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8. |
| OTHER (ATTACH LIST) |
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| Cash receipts transfer to Daisytek Inc |
| $ | (3,460,296 | ) | $ | 0 |
| $ | (52,788 | ) | $ | 0 |
| $ | 0 |
|
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| Payroll funding transfer from Daisytek Inc |
| $ | 288,008 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
|
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| Other cash transfers from Daisytek Inc. |
| $ | 2,123,037 |
| $ | 12,700 |
| $ | 13,531 |
| $ | 0 |
| $ | 0 |
|
|
| TOTAL OTHER |
| $ | (1,049,250 | ) | $ | 12,700 |
| $ | (39,257 | ) | $ | 0 |
| $ | 0 |
|
9. |
| TOTAL NON-OPERATING RECEIPTS |
| $ | (1,049,250 | ) | $ | 12,700 |
| $ | (39,257 | ) | $ | 0 |
| $ | 0 |
|
10. |
| TOTAL RECEIPTS |
| $ | 2,369,965 |
| $ | 12,700 |
| $ | (39,257 | ) | $ | 0 |
| $ | 0 |
|
11. |
| TOTAL CASH AVAILABLE |
| $ | 2,756,636 |
| $ | 53,537 |
| $ | 1,676 |
| $ | 4,771 |
| $ | 4,771 |
|
OPERATING DISBURSEMENTS |
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12. |
| NET PAYROLL |
| $ | 212,099 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
|
13. |
| PAYROLL TAXES PAID |
| $ | 75,909 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
|
14. |
| SALES, USE & OTHER TAXES PAID |
| $ | 72,402 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
|
15. |
| SECURED / RENTAL / LEASES |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
|
16. |
| UTILITIES |
| $ | 39,991 |
| $ | 7,881 |
| $ | 13,531 |
| $ | 0 |
| $ | 0 |
|
17. |
| INSURANCE |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
|
18. |
| INVENTORY PURCHASES |
| $ | 1,804,719 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
|
19. |
| VEHICLE EXPENSES |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
|
20. |
| TRAVEL |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
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21. |
| ENTERTAINMENT |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
|
22. |
| REPAIRS & MAINTENANCE |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
|
23. |
| SUPPLIES |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
|
24. |
| ADVERTISING |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
|
|
| BANK FEES |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
|
25. |
| OTHER (ATTACH LIST) |
|
|
|
|
|
|
|
|
|
|
| |||||
|
| Bank reconciliation expenses |
| $ | 406,929 |
| $ | 4,724 |
| $ | (16,626 | ) | $ | 0 |
| $ | 0 |
|
26. |
| TOTAL OPERATING DISBURSEMENTS |
| $ | 2,612,049 |
| $ | 12,605 |
| $ | (3,095 | ) | $ | 0 |
| $ | 0 |
|
REORGANIZATION EXPENSES |
|
|
|
|
|
|
|
|
|
|
| |||||||
27. |
| PROFESSIONAL FEES* |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
|
28. |
| U.S. TRUSTEE FEES |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
|
29. |
| OTHER (ATTACH LIST) |
|
|
|
|
|
|
|
|
|
|
| |||||
30. |
| TOTAL REORGANIZATION EXPENSES |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
|
31. |
| TOTAL DISBURSEMENTS |
| $ | 2,612,049 |
| $ | 12,605 |
| $ | (3,095 | ) | $ | 0 |
| $ | 0 |
|
32. |
| NET CASH FLOW |
| $ | (242,084 | ) | $ | 95 |
| $ | (36,162 | ) | $ | 0 |
| $ | 0 |
|
33. |
| CASH - END OF MONTH |
| $ | 144,587 |
| $ | 40,932 |
| $ | 4,771 |
| $ | 4,771 |
| $ | 4,771 |
|
*Reference should be made to the Monthly Operating Report of Daisytek, Incorporated for an account of professional fees.
|
| Monthly Operating Report |
|
|
|
|
| ACCRUAL BASIS-4 |
|
|
|
|
| 02/13/95, RWD, 2/96 |
CASE NAME: | The Tape Company |
|
| Tapebargains.com, Inc. |
|
|
|
|
CASE NUMBER: | 03-34770-HDH-11; 03-34769-HDH-11 |
|
|
|
|
| SCHEDULE |
| MONTH |
| MONTH |
| MONTH |
| MONTH |
| MONTH |
| ||||||
ACCOUNTS RECEIVABLE AGING |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||
1. |
| 0-30 |
| $ | 4,650,544 |
| $ | 2,846,153 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
|
2. |
| 31-60 |
| $ | 226,922 |
| $ | 219,356 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
|
3. |
| 61-90 |
| $ | 28,518 |
| $ | 17,644 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
|
4. |
| 91+ |
| $ | 357,098 |
| $ | 314,467 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
|
5. |
| TOTAL ACCOUNTS RECEIVABLE |
| $ | 5,263,082 |
| $ | 3,397,620 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
|
6. |
| AMOUNT CONSIDERED UNCOLLECTIBLE |
| $ | 456,908 |
| $ | 430,210 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
|
7. |
| ACCOUNTS RECEIVABLE (NET) |
| $ | 4,806,174 |
| $ | 2,967,410 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
|
AGING OF POSTPETITION TAXES AND PAYABLES | MONTH: |
| February 29, 2004 |
|
|
|
| 0-30 |
| 31-60 |
| 61-90 |
| 91+ |
| TOTAL |
| |||||
TAXES PAYABLE |
|
|
|
|
|
|
|
|
|
|
| |||||||
1. |
| FEDERAL |
| $ | 0 |
| $ | 13,944 |
| $ | 0 |
| $ | 0 |
| $ | 13,944 |
|
2. |
| STATE |
| $ | 0 |
| $ | 37,462 |
| $ | 0 |
| $ | 0 |
| $ | 37,462 |
|
3. |
| LOCAL |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
|
4. |
| OTHER (ATTACH LIST) |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
|
5. |
| TOTAL TAXES PAYABLE |
| $ | 0 |
| $ | 51,406 |
| $ | 0 |
| $ | 0 |
| $ | 51,406 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
6. |
| ACCOUNTS PAYABLE |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | (622,657 | ) | $ | (622,657 | ) |
STATUS OF POSTPETITION TAXES | MONTH: |
| January 31, 2004 |
|
|
|
| BEGINNING |
| AMOUNT |
| AMOUNT |
| ENDING |
| ||||
FEDERAL |
|
|
|
|
|
|
|
|
| ||||||
1. |
| WITHHOLDING** |
| $ | 8,592 |
| $ | 0 |
| $ | 0 |
| $ | 8,592 |
|
2. |
| FICA-EMPLOYEE** |
| $ | 2,676 |
| $ | 0 |
| $ | 0 |
| $ | 2,676 |
|
3. |
| FICA-EMPLOYER** |
| $ | 2,676 |
| $ | 0 |
| $ | 0 |
| $ | 2,676 |
|
4. |
| UNEMPLOYMENT |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
|
5. |
| INCOME |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
|
6. |
| OTHER (ATTACH LIST) |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
|
7. |
| TOTAL FEDERAL TAXES |
| $ | 13,944 |
| $ | 0 |
| $ | 0 |
| $ | 13,944 |
|
STATE AND LOCAL |
|
|
|
|
|
|
|
|
| ||||||
8. |
| WITHHOLDING |
| $ | 1,333 |
| $ | 0 |
| $ | 0 |
| $ | 1,333 |
|
9. |
| SALES |
| $ | (12,826 | ) | $ | 0 |
| $ | 0 |
| $ | (12,826 | ) |
10. |
| EXCISE |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
|
11. |
| UNEMPLOYMENT |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
|
12. |
| REAL PROPERTY |
| $ | 15,000 |
| $ | 0 |
| $ | 0 |
| $ | 15,000 |
|
13. |
| PERSONAL PROPERTY |
| $ | 27,164 |
| $ | 0 |
| $ | 0 |
| $ | 27,164 |
|
14. |
| OTHER (ATTACH LIST) |
|
|
|
|
|
|
|
|
| ||||
|
| Washington Business and Occupation tax |
| $ | 1,000 |
| $ | 0 |
| $ | 0 |
| $ | 1,000 |
|
|
| Los Angeles City Business Tax |
| $ | 5,097 |
| $ | 0 |
| $ | 0 |
| $ | 5,097 |
|
|
| Ohio Workers Compensation Tax |
| $ | 694 |
| $ | 0 |
| $ | 0 |
| $ | 694 |
|
|
| TOTAL OTHER |
| $ | 6,791 |
| $ | 0 |
| $ | 0 |
| $ | 6,791 |
|
15. |
| TOTAL STATE & LOCAL |
| $ | 37,462 |
| $ | 0 |
| $ | 0 |
| $ | 37,462 |
|
16. |
| TOTAL TAXES |
| $ | 51,406 |
| $ | 0 |
| $ | 0 |
| $ | 51,406 |
|
* The beginning tax liability should represent the liability from the prior month or, if this is the first operating report, the amount should be zero.
** Attach photocopies of IRS Form 6123 or your FTD coupon and payment receipt to verify payment or deposit.
|
| Monthly Operating Report |
|
|
|
|
| ACCRUAL BASIS-5 |
|
|
|
|
| 02/13/95, RWD, 2/96 |
CASE NAME: | The Tape Company |
|
| Tapebargains.com, Inc. |
|
|
|
|
CASE NUMBER: | 03-34770-HDH-11; 03-34769-HDH-11 |
|
The debtor in possession must complete the reconciliation below for each bank account, including all general, payroll and tax accounts, as well as all savings and investment accounts, money market accounts, certificates of deposit, government obligations, etc.
Accounts with restricted funds should be identified by placing an asterisk next to the account number. Attach additional sheets if necessary.
| MONTH: February 29, 2004 |
BANK RECONCILIATIONS
|
|
|
| Account #1 |
| Account #2 |
| Account #3 |
| TOTAL |
|
A. |
| BANK: |
| Note (A) |
|
|
|
|
|
|
|
B. |
| ACCOUNT NUMBER: |
| See Listing Below |
|
|
|
|
|
|
|
C. |
| PURPOSE (TYPE:) |
| Operating/Deep |
|
|
|
|
|
|
|
1. |
| BALANCE PER BANK STATEMENT |
| 4,771.07 |
|
|
| 0.00 |
| 4,771.07 |
|
2. |
| ADD: TOTAL DEPOSITS NOT CREDITED |
|
|
|
|
|
|
| 0.00 |
|
3. |
| SUBTRACT: OUTSTANDING CHECKS |
| 0.00 |
|
|
|
|
| 0.00 |
|
4. |
| OTHER RECONCILING ITEMS |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
|
5. |
| MONTH END BALANCE PER BOOKS |
| 4,771.07 |
|
|
| 0.00 |
| 4,771.07 |
|
6. |
| NUMBER OF LAST CHECK WRITTEN |
| 86546 |
|
|
|
|
|
|
|
INVESTMENT ACCOUNTS
BANK, ACCOUNT NAME & NUMBER |
| DATE OF |
| TYPE OF |
| PURCHASE |
| CURRENT |
| ||||
7. |
| Bank One #0005330007003 |
|
|
|
|
| 0.00 |
| 0.00 |
| ||
8. |
|
|
|
|
|
|
|
|
|
|
| ||
9. |
|
|
|
|
|
|
|
|
|
|
| ||
10. |
|
|
|
|
|
|
|
|
|
|
| ||
11. |
| TOTAL INVESTMENTS |
|
|
|
|
| $ | 0 |
| $ | 0 |
|
CASH
12. |
| CURRENCY ON HAND |
|
|
|
|
|
|
| $ | 0 |
|
|
| Petty Cash |
|
|
|
|
|
|
|
|
| |
13. |
| TOTAL CASH - END OF MONTH |
|
|
|
|
|
|
| $ | 4,771 |
|
Note (A)
All of the following bank accounts are included in a single general ledger account.
Daisies perform consolidated bank account reconciliation.
Listing of Bank Accounts: |
| Purpose (Type) |
| Balance per Bank Statement |
|
Bank One #1091198 |
| Operating |
| 0.00 |
|
Bank One #633681036 |
| Disbursement |
| 0.00 |
|
Chase #740-5006179-65 |
| Depository |
| 0.00 |
|
Wells Fargo #045-5477414 |
| Depository |
| 4,771.07 |
|
|
|
|
|
|
|
Total Balance All Accounts |
|
|
| 4,771.07 |
|
|
| Monthly Operating Report |
|
|
|
|
| ACCRUAL BASIS-6 |
|
|
|
|
| 02/13/95, RWD, 2/96 |
|
|
|
|
| MONTH: February 29, 2004 |
CASE NAME: | The Tape Company |
|
| Tapebargains.com, Inc. |
|
|
|
|
CASE NUMBER: | 03-34770-HDH-11; 03-34769-HDH-11 |
|
PAYMENTS TO INSIDERS AND PROFESSIONALS
OF THE TOTAL DISBURSEMENTS SHOWN FOR THE MONTH, LIST THE AMOUNT PAID TO INSIDERS (AS DEFINED IN SECTION 101 (31) (A)-(F) OF THE U.S. BANKRUPTCY CODE) AND TO PROFESSIONALS. ALSO, FOR PAYMENTS TO INSIDERS, IDENTIFY THE TYPE OF COMPENSATION PAID (e.g. SALARY, BONUS, COMMISSIONS, INSURANCE, HOUSING ALLOWANCE, TRAVEL, CAR ALLOWANCE, ETC.). ATTACH ADDITIONAL SHEETS IF NECESSARY.
INSIDERS |
NAME |
| TYPE OF |
| AMOUNT |
| TOTAL PAID |
| ||||
1. |
| See Monthly Operating Report for Daisytek, Incorporated |
|
|
|
|
|
|
| ||
2. |
|
|
|
|
|
|
|
|
| ||
3. |
|
|
|
|
|
|
|
|
| ||
4. |
|
|
|
|
|
|
|
|
| ||
5. |
|
|
|
|
|
|
|
|
| ||
6. |
| TOTAL PAYMENTS TO INSIDERS |
|
|
| $ | 0 |
| $ | 0 |
|
PROFESSIONALS
NAME |
| DATE OF COURT |
| AMOUNT |
| AMOUNT |
| TOTAL PAID |
| TOTAL |
| ||||||
1. |
| See Monthly Operating Report for Daisytek, Incorporated |
|
|
|
|
|
|
|
|
|
|
| ||||
2. |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
3. |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
4. |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
5. |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
6. |
| TOTAL PAYMENTS TO PROFESSIONALS |
|
|
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
|
* INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED
POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS
NAME OF CREDITOR |
| SCHEDULED |
| AMOUNTS |
| TOTAL |
|
William Sands |
| 8,000 |
| 8,000.00 |
| 0.00 |
|
|
| Monthly Operating Report |
|
|
|
|
| ACCRUAL BASIS-7 |
|
|
|
|
| 02/13/95, RWD, 2/96 |
|
|
|
|
| MONTH: February 29, 2004 |
CASE NAME: | The Tape Company |
|
| Tapebargains.com, Inc. |
|
|
|
|
CASE NUMBER: | 03-34770-HDH-11; 03-34769-HDH-11 |
|
QUESTIONNAIRE
|
|
|
| YES |
| NO |
|
1. |
| HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE THE NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD? |
|
|
| ý |
|
2. |
| HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT OTHER THAN A DEBTOR IN POSSESSION ACCOUNT? |
|
|
| ý |
|
3. |
| ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES, OR LOANS) DUE FROM RELATED PARTIES? |
|
|
| ý |
|
4. |
| HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES THIS REPORTING PERIOD? |
|
|
| ý |
|
5. |
| HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE DEBTOR FROM ANY PARTY? |
|
|
| ý |
|
6. |
| ARE ANY POSTPETITION PAYROLL TAXES PAST DUE? |
|
|
| ý |
|
7. |
| ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES PAST DUE? |
|
|
| ý |
|
8. |
| ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE? |
|
|
| ý |
|
9. |
| ARE ANY OTHER POSTPETITION TAXES PAST DUE? |
|
|
| ý |
|
10. |
| ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS DELINQUENT? |
|
|
| ý |
|
11. |
| HAVE ANY PREPETITION TAXES BEEN PAID DURING THE REPORTING PERIOD? |
|
|
| ý |
|
12. |
| ARE ANY WAGE PAYMENTS PAST DUE? |
|
|
| ý |
|
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS “YES,” PROVIDE A DETAILED EXPLANATION OF EACH ITEM. ATTACH ADDITIONAL SHEETS IF NECESSARY.
INSURANCE
|
|
|
| YES |
| NO |
|
1. |
| ARE WORKER’S COMPENSATION, GENERAL LIABILITY AND OTHER NECESSARY INSURANCE COVERAGES IN EFFECT? |
| ý |
|
|
|
2. |
| ARE ALL PREMIUM PAYMENTS PAID CURRENT? |
| ý |
|
|
|
3. |
| PLEASE ITEMIZE POLICIES BELOW. |
|
|
|
|
|
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS “NO,” OR IF ANY POLICIES HAVE BEEN CANCELLED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE AN EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY.
INSTALLMENT PAYMENTS
TYPE OF |
| CARRIER |
| PERIOD COVERED |
| PAYMENT AMOUNT |
|
See Monthly Operating Report for Daisytek, Incorporated |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|