EXHIBIT 99.1
CASE NAME: | DataVoN, Inc. Et al | Monthly Operating Report | ||||
ACCRUAL BASIS—1 | ||||||
CASE NUMBER: | 02-38600-RCM | 10/14/02, RWD, 02/96 & 07/99 |
Amended | ||||||||||||||||||
COMPARATIVE BALANCE SHEET | SCHEDULE AMOUNT | MONTH | MONTH | MONTH | ||||||||||||||
Jan 2003 | Feb 2003 | Mar 2003 | ||||||||||||||||
ASSETS | ||||||||||||||||||
1. | UNRESTRICTED CASH | $ | 21,523.00 |
| $ | 2,016,252.00 |
| $ | 1,607,799.00 |
| $ | 918,327.00 |
| |||||
2. | RESTRICTED CASH | $ | — |
| ||||||||||||||
3. | TOTAL CASH | $ | 21,523.00 |
| $ | 2,016,252.00 |
| $ | 1,607,799.00 |
| $ | 918,327.00 |
| |||||
4. | ACCOUNTS RECEIVABLE (NET) | $ | 4,403,351.00 |
| $ | 3,726,354.00 |
| $ | 3,090,552.00 |
| $ | 3,545,321.00 |
| |||||
5. | INVENTORY | $ | — |
| ||||||||||||||
6. | NOTES RECEIVABLE | $ | — |
| ||||||||||||||
7. | PREPAID EXPENSES | $ | 394,130.00 |
| $ | 70,785.00 |
| $ | 173,198.00 |
| $ | 63,983.00 |
| |||||
8. | OTHER | $ | — |
| ||||||||||||||
9. | TOTAL CURRENT ASSETS | $ | 4,819,004.00 |
| $ | 5,813,391.00 |
| $ | 4,871,549.00 |
| $ | 4,527,631.00 |
| |||||
10. | PROPERTY, PLANT & EQUIPMENT | $ | 9,004,408.00 |
| $ | 8,989,763.00 |
| $ | 9,007,682.00 |
| ||||||||
11. | LESS: ACCUMULATED DEPRECIATION/DEPLETION | $ | — |
| $ | 2,682,988.00 |
| $ | 2,861,563.00 |
| $ | 3,040,088.00 |
| |||||
12. | NET PROPERTY, PLANT & EQUIPMENT | $ | 4,636,629.00 |
| $ | 6,321,420.00 |
| $ | 6,128,200.00 |
| $ | 5,967,594.00 |
| |||||
13. | DUE FROM INSIDERS | $ | 17,833.00 |
| $ | 14,444.00 |
| $ | 14,468.00 |
| $ | 14,468.00 |
| |||||
14. | OTHER ASSETS—Lease Deposits | $ | 222,123.00 |
| $ | 168,733.00 |
| $ | 119,665.00 |
| $ | 110,912.00 |
| |||||
15. | OTHER—Cisco Systems Equipment Purchase Credit | $ | 1,200,000.00 |
| ||||||||||||||
16. | TOTAL ASSETS | $ | 10,895,589.00 |
| $ | 12,317,988.00 |
| $ | 11,133,882.00 |
| $ | 10,620,605.00 |
| |||||
POSTPETITION LIABILITIES | ||||||||||||||||||
17. | ACCOUNTS PAYABLE | $ | 3,073,606.00 |
| $ | 2,226,383.00 |
| $ | 1,862,989.00 |
| ||||||||
18. | TAXES PAYABLE—Property | $ | 44,929.00 |
| $ | 42,418.00 |
| $ | 42,418.00 |
| ||||||||
19. | NOTES PAYABLE | |||||||||||||||||
20. | PROFESSIONAL FEES | |||||||||||||||||
21. | SECURED DEBT | |||||||||||||||||
22. | OTHER (ATTACH LIST) | |||||||||||||||||
23. | TOTAL POSTPETITION LIABILITIES | $ | — |
| $ | 3,118,535.00 |
| $ | 2,268,801.00 |
| $ | 1,905,407.00 |
| |||||
PREPETITION LIABILITIES | ||||||||||||||||||
24. | SECURED DEBT | $ | 3,038,472.00 |
| $ | 3,069,658.00 |
| $ | 2,706,661.00 |
| $ | 2,737,686.00 |
| |||||
25. | PRIORITY DEBT | $ | 57,079.00 |
| $ | 57,079.00 |
| $ | 57,079.00 |
| $ | 57,079.00 |
| |||||
26. | UNSECURED DEBT | $ | 10,341,330.00 |
| $ | 9,411,093.00 |
| $ | 9,793,495.00 |
| $ | 9,759,538.00 |
| |||||
27. | OTHER | |||||||||||||||||
28. | TOTAL PREPETITION LIABILITIES | $ | 13,436,881.00 |
| $ | 12,537,830.00 |
| $ | 12,557,235.00 |
| $ | 12,554,303.00 |
| |||||
29. | TOTAL LIABILITIES | $ | 13,436,881.00 |
| $ | 15,656,365.00 |
| $ | 14,826,036.00 |
| $ | 14,459,710.00 |
| |||||
EQUITY | ||||||||||||||||||
30. | PREPETITION OWNERS’ EQUITY | $ | (2,541,292.00 | ) | $ | (3,944,869.00 | ) | $ | (3,944,869.00 | ) | $ | (3,944,869.00 | ) | |||||
31. | POSTPETITION CUMULATIVE PROFIT (LOSS) | $ | 670,714.00 |
| $ | 316,937.00 |
| $ | 169,986.00 |
| ||||||||
32. | DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) | $ | (64,222.00 | ) | $ | (64,222.00 | ) | $ | (64,222.00 | ) | ||||||||
33. | TOTAL EQUITY | $ | (2,541,292.00 | ) | $ | (3,338,377.00 | ) | $ | (3,692,154.00 | ) | $ | (3,839,105.00 | ) | |||||
34. | TOTAL LIABILITIES & OWNERS’ EQUITY | $ | 10,895,589.00 |
| $ | 12,317,988.00 |
| $ | 11,133,882.00 |
| $ | 10,620,605.00 |
|
CASE NAME: | DataVoN, Inc. Et al | Monthly Operating Report | ||||
ACCRUAL BASIS—2 | ||||||
CASE NUMBER: | 02-38600-RCM | 10/14/02, RWD, 02/96 & 07/99 |
INCOME STATEMENT | MONTH | MONTH | MONTH | QUARTER TOTALS | ||||||||||||||
Jan 2003 | Feb 2003 | Mar 2003 | ||||||||||||||||
REVENUES | ||||||||||||||||||
1. | GROSS REVENUES | $ | 3,508,986.00 |
| $ | 2,693,878.00 |
| $ | 3,225,629.00 |
| $ | 9,428,493.00 |
| |||||
2. | LESS: RETURNS & DISCOUNTS | $ | 7,067.00 |
| $ | 7,470.00 |
| $ | 8,267.00 |
| $ | 22,804.00 |
| |||||
3. | NET REVENUE | $ | 3,501,919.00 |
| $ | 2,686,408.00 |
| $ | 3,217,362.00 |
| $ | 9,405,689.00 |
| |||||
COST OF GOODS SOLD | ||||||||||||||||||
4. | MATERIAL (Telecom Services) | $ | 3,148,616.00 |
| $ | 2,450,503.00 |
| $ | 2,624,336.00 |
| $ | 8,223,455.00 |
| |||||
5. | DIRECT LABOR | $ | — |
| ||||||||||||||
6. | DIRECT OVERHEAD | $ |
|
| ||||||||||||||
7. | TOTAL COST OF GOODS SOLD | $ | 3,148,616.00 |
| $ | 2,450,503.00 |
| $ | 2,624,336.00 |
| $ | 8,223,455.00 |
| |||||
8. | GROSS PROFIT | $ | 353,303.00 |
| $ | 235,905.00 |
| $ | 593,026.00 |
| $ | 1,182,234.00 |
| |||||
OPERATING EXPENSES | ||||||||||||||||||
9. | OFFICER / INSIDER COMPENSATION | $ | 61,584.00 |
| $ | 61,584.00 |
| $ | 61,584.00 |
| $ | 184,752.00 |
| |||||
10. | SELLING & MARKETING | $ | - |
| ||||||||||||||
11. | GENERAL & ADMINISTRATIVE | $ | 268,581.00 |
| $ | 248,003.00 |
| $ | 251,855.00 |
| $ | 768,439.00 |
| |||||
12. | RENT & LEASE | $ | 16,681.00 |
| $ | 15,500.00 |
| $ | 15,500.00 |
| $ | 47,681.00 |
| |||||
13. | OTHER—See Schedule | $ | 78,169.00 |
| $ | 78,169.00 |
| |||||||||||
14. | TOTAL OPERATING EXPENSES | $ | 425,015.00 |
| $ | 325,087.00 |
| $ | 328,939.00 |
| $ | 1,079,041.00 |
| |||||
15. | INCOME BEFORE NON-OPERATING INCOME & EXPENSE | $ | (71,712.00 | ) | $ | (89,182.00 | ) | $ | 264,087.00 |
| $ | 103,193.00 |
| |||||
OTHER INCOME & EXPENSES | ||||||||||||||||||
16. | NON-OPERATING INCOME (SEE ATTACHED) | $ | 1,237.00 |
| $ | 78,960.00 |
| $ | 1,208.00 |
| $ | 81,405.00 |
| |||||
17. | NON-OPERATING EXPENSE (SEE ATTACHED) | $ | 224,344.00 |
| $ | 114,005.00 |
| $ | 338,349.00 |
| ||||||||
18. | INTEREST EXPENSE | $ | 44,355.00 |
| $ | 38,244.00 |
| $ | 36,064.00 |
| $ | 118,663.00 |
| |||||
19. | DEPRECIATION / DEPLETION | $ | 176,326.00 |
| $ | 178,575.00 |
| $ | 178,575.00 |
| $ | 533,476.00 |
| |||||
20. | AMORTIZATION | $ | — |
| ||||||||||||||
21. | OTHER—(Loss on Sales of Equipment) | $ | — |
| ||||||||||||||
22. | NET OTHER INCOME & EXPENSES | $ | (443,788.00 | ) | $ | (251,864.00 | ) | $ | (213,431.00 | ) | $ | (909,083.00 | ) | |||||
REORGANIZATION EXPENSES | ||||||||||||||||||
23. | PROFESSIONAL FEES | $ | 10,731.00 |
| $ | 197,607.00 |
| $ | 208,338.00 |
| ||||||||
24. | U.S. TRUSTEE FEES | $ | 8,500.00 |
| $ | 2,000.00 |
| $ | 10,500.00 |
| ||||||||
25. | OTHER (ATTACH LIST) | $ | - |
| ||||||||||||||
26. | TOTAL REORGANIZATION EXPENSES | $ | 8,500.00 |
| $ | 12,731.00 |
| $ | 197,607.00 |
| $ | 218,838.00 |
| |||||
27. | INCOME TAX | |||||||||||||||||
28. | NET PROFIT (LOSS) | $ | (524,000.00 | ) | $ | (353,777.00 | ) | $ | (146,951.00 | ) | $ | (1,024,728.00 | ) |
CASE NAME: | DataVoN, Inc. Et al | Monthly Operating Report | ||||
ACCRUAL BASIS—3 | ||||||
CASE NUMBER: | 02-38600-RCM | 10/14/02, RWD, 02/96 & 07/99 |
MONTH | MONTH | MONTH | QUARTER TOTALS | |||||||||||||||
CASH RECEIPTS AND DISBURSEMENTS | Jan 2003 | Feb 2003 | Mar 2003 | |||||||||||||||
1. | CASH—BEGINNING OF MONTH | $ | 2,270,161.93 |
| $ | 2,016,252.09 |
| $ | 1,607,799.44 |
| $ | 2,270,161.93 |
| |||||
RECEIPTS FROM OPERATIONS | ||||||||||||||||||
2. | CASH SALES | $ | — |
| ||||||||||||||
COLLECTION OF ACCOUNTS RECEIVABLE | ||||||||||||||||||
3. | PREPETITION | $ | — |
| ||||||||||||||
4. | POSTPETITION | $ | 2,928,925.58 |
| $ | 3,164,148.36 |
| $ | 2,472,101.82 |
| $ | 8,565,175.76 |
| |||||
5. | TOTAL OPERATING RECEIPTS | $ | 2,928,925.58 |
| $ | 3,164,148.36 |
| $ | 2,472,101.82 |
| $ | 8,565,175.76 |
| |||||
NON-OPERATING RECEIPTS | ||||||||||||||||||
6. | LOANS & ADVANCES (ATTACH LIST) | $ | — |
| $ | — |
| |||||||||||
7. | SALE OF ASSETS | $ | — |
| $ | — |
| |||||||||||
8. | OTHER (SEE ATTACHED) | $ | 2,866.51 |
| $ | 3,724.46 |
| $ | 2,036.26 |
| $ | 8,627.23 |
| |||||
9. | TOTAL NON-OPERATING RECEIPTS | $ | 2,866.51 |
| $ | 3,724.46 |
| $ | 2,036.26 |
| $ | 8,627.23 |
| |||||
10. | TOTAL RECEIPTS | $ | 2,931,792.09 |
| $ | 3,167,872.82 |
| $ | 2,474,138.08 |
| $ | 8,573,802.99 |
| |||||
11. | TOTAL CASH AVAILABLE | $ | 5,201,954.02 |
| $ | 5,184,124.91 |
| $ | 4,081,937.52 |
| $ | 10,843,964.92 |
| |||||
OPERATING DISBURSEMENTS | ||||||||||||||||||
12. | NET PAYROLL | $ | 198,402.14 |
| $ | 189,000.83 |
| $ | 200,020.26 |
| $ | 587,423.23 |
| |||||
13. | PAYROLL TAXES PAID | $ | 25,455.85 |
| $ | 17,737.65 |
| $ | 16,234.37 |
| $ | 59,427.87 |
| |||||
14. | SALES, USE & OTHER TAXES PAID | $ | — |
| ||||||||||||||
15. | SECURED / RENTAL / LEASES | $ | 51,850.12 |
| $ | 180,325.56 |
| $ | 76,216.49 |
| $ | 308,392.17 |
| |||||
16. | UTILITIES | $ | 1,001.16 |
| $ | 1,820.61 |
| $ | 392.16 |
| $ | 3,213.93 |
| |||||
17. | INSURANCE | $ | 16,774.80 |
| $ | 92,902.78 |
| $ | 16,890.45 |
| $ | 126,568.03 |
| |||||
18. | INVENTORY PURCHASES—(Telecom Services) | $ | 2,334,776.15 |
| $ | 2,647,108.18 |
| $ | 2,447,944.63 |
| $ | 7,429,828.96 |
| |||||
19. | VEHICLE EXPENSES | $ | — |
| ||||||||||||||
20. | TRAVEL | $ | 7,072.00 |
| $ | 9,115.81 |
| $ | 10,613.76 |
| $ | 26,801.57 |
| |||||
21. | ENTERTAINMENT | $ | — |
| ||||||||||||||
22. | REPAIRS & MAINTENANCE | $ | — |
| ||||||||||||||
23. | SUPPLIES | $ | — |
| ||||||||||||||
24. | ADVERTISING | $ | 8,732.00 |
| $ | 8,732.00 |
| |||||||||||
25. | OTHER (SEE ATTACHED) | $ | 541,619.71 |
| $ | 436,314.05 |
| $ | 278,228.21 |
| $ | 1,256,161.97 |
| |||||
26. | TOTAL OPERATING DISBURSEMENTS | $ | 3,176,951.93 |
| $ | 3,574,325.47 |
| $ | 3,055,272.33 |
| $ | 9,806,549.73 |
| |||||
REORGANIZATION EXPENSES | ||||||||||||||||||
27. | PROFESSIONAL FEES | $ | — |
| $ | 108,337.45 |
| $ | 108,337.45 |
| ||||||||
28. | U.S. TRUSTEE FEES | $ | 8,750.00 |
| $ | 2,000.00 |
| $ | 10,750.00 |
| ||||||||
29. | OTHER (ATTACH LIST) | $ | — |
| $ | — |
| |||||||||||
30. | TOTAL REORGANIZATION EXPENSES | $ | 8,750.00 |
| $ | 2,000.00 |
| $ | 108,337.45 |
| $ | 119,087.45 |
| |||||
31. | TOTAL DISBURSEMENTS | $ | 3,185,701.93 |
| $ | 3,576,325.47 |
| $ | 3,163,609.78 |
| $ | 9,925,637.18 |
| |||||
32. | NET CASH FLOW | $ | (253,909.84 | ) | $ | (408,452.65 | ) | $ | (689,471.70 | ) | $ | (1,351,834.19 | ) | |||||
33. | CASH—END OF MONTH | $ | 2,016,252.09 |
| $ | 1,607,799.44 |
| $ | 918,327.74 |
| $ | 918,327.74 |
|
CASE NAME: | DataVoN, Inc. Et al | Monthly Operating Report | ||||
ACCRUAL BASIS—4 | ||||||
CASE NUMBER: | 02-38600-RCM | 10/14/02, RWD, 02/96 & 07/99 |
SCHEDULE | MONTH | MONTH | MONTH | |||||||||||||
ACCOUNTS RECEIVABLE AGING | AMOUNT | Jan-03 | Feb-03 | Mar-03 | ||||||||||||
1. | 0—30 | $ | 3,681,749.00 | $ | 3,532,104.23 | $ | 3,008,248.04 | $ | 3,531,601.53 | |||||||
2. | 31—60 | $ | 69,528.00 | $ | 129,902.85 | $ | 91,023.78 | $ | 50,429.14 | |||||||
3. | 61—90 | $ | 633,545.00 | $ | 53,809.80 | $ | 33,044.44 | $ | 84,559.93 | |||||||
4. | 91+ | $ | 653,771.00 | $ | 801,361.20 | $ | 741,564.12 | $ | 673,151.15 | |||||||
5. | TOTAL ACCOUNTS RECEIVABLE | $ | 5,038,593.00 | $ | 4,517,178.08 | $ | 3,873,880.38 | $ | 4,339,741.75 | |||||||
6. | AMOUNT CONSIDERED UNCOLLECTIBLE | $ | 635,242.00 | $ | 790,824.37 | $ | 783,328.24 | $ | 794,420.70 | |||||||
7. | ACCOUNTS RECEIVABLE (NET) | $ | 4,403,351.00 | $ | 3,726,353.71 | $ | 3,090,552.14 | $ | 3,545,321.05 | |||||||
AGING OF POSTPETITION TAXES AND PAYABLES | MONTH: | Mar-03 | ||||||||||||||
0—30 DAYS | 31—60 DAYS | 61—90 DAYS | 91+ DAYS | TOTAL | ||||||||||||
TAXES PAYABLE | ||||||||||||||||
1. | FEDERAL |
| $— | |||||||||||||
2. | STATE |
| $— | |||||||||||||
3. | LOCAL |
| $— | |||||||||||||
4. | OTHER (ATTACH LIST) |
| $— | |||||||||||||
5. | TOTAL TAXES PAYABLE | $— |
| $— |
| $— |
| $— | ||||||||
6. | ACCOUNTS PAYABLE |
| $— | |||||||||||||
STATUS OF POSTPETITION TAXES | MONTH: | Mar-03 | ||||||||||||||
BEGINNING TAX LIABILITY* | AMOUNT WITHHELD AND OR ACCRUED | AMOUNT PAID | ENDING TAX LIABILITY | |||||||||||||
TAXES PAYABLE | ||||||||||||||||
1. | WITHHOLDING** |
| $— | |||||||||||||
2. | FICA-EMPLOYEE** |
| $— | |||||||||||||
3. | FICA-EMPLOYER** |
| $— | |||||||||||||
4. | UNEMPLOYMENT |
| $— | |||||||||||||
5. | INCOME | |||||||||||||||
6. | OTHER (ATTACH LIST) | |||||||||||||||
7. | TOTAL FEDERAL TAXES |
| $— | $ | — |
| $— | |||||||||
STATE AND LOCAL | ||||||||||||||||
8. | WITHHOLDING | |||||||||||||||
9. | SALES | |||||||||||||||
10. | EXCISE | |||||||||||||||
11. | UNEMPLOYMENT | |||||||||||||||
12. | REAL PROPERTY | |||||||||||||||
13. | PERSONAL PROPERTY |
| $— | $ | 42,418.12 |
| $— | $ | 42,418.12 | |||||||
14. | OTHER (ATTACH LIST) | |||||||||||||||
15. | TOTAL STATE & LOCAL |
| $— | $ | 42,418.12 |
| $— | $ | 42,418.12 | |||||||
16. | TOTAL TAXES |
| $— | $ | 42,418.12 |
| $— | $ | 42,418.12 |
* | 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 EID coupon and payment receipt to verify payment or deposit |
CASE NAME: | DataVoN, Inc. Et al | Monthly Operating Report | ||||
ACCRUAL BASIS—5 | ||||||
CASE NUMBER: | 02-38600-RCM | 10/14/02, RWD, 02/96 & 07/99 |
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.
BANK RECONCILIATION | MONTH: | 31-Mar-03 | TOTAL | ||||||||||||
ACCOUNT #1 | ACCOUNT #2 | ACCOUNT #3 | |||||||||||||
A. | BANK | Comerica | Comerica | Comerica | |||||||||||
B. | ACCOUNT NUMBER: | 1880831753 | 1880831761 | 1880831779 | |||||||||||
C. | PURPOSE (TYPE): | DIP Operating | DIP A/R | Payroll | |||||||||||
1. | BALANCE PER BANK STATEMENT | $ | 279,524.24 |
| $ | 26,736.92 | $ | — | $ | 306,261.16 | |||||
2. | ADD: TOTAL DEPOSITS NOT CREDITED | $ | 200.51 |
| $ | 69,177.27 | $ | 69,377.78 | |||||||
3. | SUBTRACT OUTSTANDING CHECKS | $ | 299,894.88 |
| $ | 299,894.88 | |||||||||
4. | OTHER RECONCILING ITEMS—Returned Check | $ | — | ||||||||||||
5. | MONTH END BALANCE PER BOOKS | $ | (20,170.13 | ) | $ | 95,914.19 | $ | — | $ | 75,744.06 | |||||
6. | NUMBER OF LAST CHECK WRITTEN |
| 1697 |
|
| N/A |
| N/A | |||||||
INVESTMENT ACCOUNTS | |||||||||||||||
BANK, ACCOUNT NAME & NUMBER | DATE OF PURCHASE | TYPE OF INSTRUMENT | PURCHASE PRICE | CURRENT VALUE | |||||||||||
7. | Comerica Securities Trust Account # 43011000741395 |
| 11/04/2002 |
|
| Liquid Investment | $ | 841,799.14 | $ | 841,799.14 | |||||
8. | |||||||||||||||
9. | |||||||||||||||
10. | |||||||||||||||
11. | TOTAL INVESTMENTS | $ | 841,799.14 | ||||||||||||
CASH | |||||||||||||||
12. | CURRENCY ON HAND |
| NONE | ||||||||||||
13. | TOTAL CASH—END OF MONTH |
| Continued |
CASE NAME: | DataVoN, Inc. et. al. | Monthly Operating Report | ||||
ACCRUAL BASIS—5 | ||||||
CASE NUMBER: | 02-38600-RCM | 10/14/02, RWD, 02/96 & 07/99 |
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.
BANK RECONCILIATION | MONTH: | 31-Mar-03 | ||||||||||||
ACCOUNT #1 | ACCOUNT #2 | ACCOUNT #3 | ||||||||||||
A. | BANK | Comerica | ||||||||||||
B. | ACCOUNT NUMBER: | 1880831787 | TOTAL | |||||||||||
C. | PURPOSE (TYPE): | DIP Operating | ||||||||||||
1. | BALANCE PER BANK STATEMENT | $ | 784.54 | $ | 784.54 | |||||||||
2. | ADD: TOTAL DEPOSITS NOT CREDITED | $ | — | |||||||||||
3. | SUBTRACT OUTSTANDING CHECKS | $ | — | |||||||||||
4. | OTHER RECONCILING ITEMS | $ | — | |||||||||||
5. | MONTH END BALANCE PER BOOKS | $ | 784.54 | $ | — | $ | 784.54 | |||||||
6. | NUMBER OF LAST CHECK WRITTEN | |||||||||||||
INVESTMENT ACCOUNTS | ||||||||||||||
BANK, ACCOUNT NAME & NUMBER | DATE OF PURCHASE | TYPE OF INSTRUMENT | PURCHASE PRICE | CURRENT VALUE | ||||||||||
7. | NONE | |||||||||||||
8. | ||||||||||||||
9. | ||||||||||||||
10. | ||||||||||||||
11. | TOTAL INVESTMENTS |
| NONE | |||||||||||
CASH | ||||||||||||||
12. | CURRENCY ON HAND |
| NONE | |||||||||||
13. | TOTAL CASH—END OF MONTH | $ | 918,327.74 |
CASE NAME: | DataVoN, Inc. Et al | Monthly Operating Report ACCRUAL BASIS—6 | ||||
CASE NUMBER: | 02-38600-RCM | 10/14/02, RWD, 02/96 & 07/99 | ||||
PAYMENTS TO INSIDERS AND PROFESSIONALS | MONTH: | Mar-03 |
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 PAYMENT | AMOUNT PAID | TOTAL PAID TO DATE | |||||||||||||
1. | W Britt Birdwell | Salary | $ | 10,000.00 | ||||||||||||
2. | Michael Donahoe | Salary | $ | 11,917.00 | ||||||||||||
3. | Chad Frazier | Salary | $ | 11,917.00 | ||||||||||||
4. | Robert Birdwell | Salary | $ | 5,000.00 | ||||||||||||
5. | Rodney Jones | Salary | $ | 11,917.00 | ||||||||||||
6. | Larry Dewey | Salary | $ | 10,833.00 | ||||||||||||
7. | TOTAL PAYMENTS TO INSIDERS | $ | 61,584.00 | |||||||||||||
PROFESSIONALS | ||||||||||||||||
NAME | DATE OF COURT ORDER AUTHORIZING PAYMENT | AMOUNT APPROVED | AMOUNT PAID | TOTAL PAID TO DATE | TOTAL INCURRED & UNPAID* | |||||||||||
1. | ||||||||||||||||
2. | ||||||||||||||||
3. | ||||||||||||||||
4. | ||||||||||||||||
5. | ||||||||||||||||
6. | TOTAL PAYMENTS TO PROFESSIONALS | $ | — | $ | — | $ | — | $ | — |
* | INCLUDE ALL FEES INCURRED. BOTH APPROVED AND UNAPPROVED |
POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE, AND ADEQUATE PROTECTION PAYMENTS.
NAME OF CREDITOR | SCHEDULED MONTHLY PAYMENTS DUE | AMOUNTS PAID DURING MONTH | TOTAL UNPAID POSTPETITION | ||||||||
1. | LEE BARTON | $ | 125,000.00 | $ | 750,000.00 | ||||||
2. | TIM TERRELL | $ | — | $ | 500,000.00 | ||||||
3. | TRANSCOM COMMUNICATIONS | $ | — | $ | 1,106,473.00 | ||||||
4. | REGIONS BANK | $ | 5,000.00 | $ | 5,000.00 | $ | 65,000.00 | ||||
5. | Accrued Interest on Notes Payable | $ | 316,213.00 | ||||||||
6. | LEASE OBLIGATIONS—See Schedule | $ | 75,093.00 | $ | 12,000.00 | $ | 2,643,444.00 | ||||
7. | TOTAL | $ | 205,093.00 | $ | 17,000.00 | $ | 5,381,130.00 |
CASE NAME: | DataVoN, Inc. Et al | Monthly Operating Report | ||||
ACCRUAL BASIS—7 | ||||||
CASE NUMBER: | 02-38600-RCM | 10/14/02, RWD, 02/96 & 07/99 | ||||
MONTH: | Mar-03 |
QUESTIONNAIRE
YES | NO | |||||
1. | HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE THE NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD? | x | ||||
2. | HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT OTHER THAN A DEBTOR IN POSSESSION ACCOUNT? | x | ||||
3. | ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES, OR LOANS) DUE FROM RELATED PARTIES? | x | ||||
4. | HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES THIS REPORTING PERIOD? | x | ||||
5. | HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE DEBTOR FROM ANY PARTY? | x | ||||
6. | ARE ANY POSTPETITION PAYROLL TAXES PAST DUE? | x | ||||
7. | ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES PAST DUE? | x | ||||
8. | ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE? | x | ||||
9. | ARE ANY OTHER POSTPETITION TAXES PAST DUE? | x | ||||
10. | ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS DELINQUENT? | x | ||||
11. | HAVE ANY PREPETITION TAXES BEEN PAID DURING THE REPORTING PERIOD? | x | ||||
12. | ARE ANY WAGE PAYMENTS PAST DUE? | x |
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS “YES,” PROVIDE A DETAILED EXPLANATION OF EACH ITEM. ATTACH ADDITIONAL SHEETS IF NECESSARY.
Receivable from Transcom Communications, Inc. for March charges of $ 166,777.01
Payments on pre-petition liabilities in March—See page 6
INSURANCE | ||||||
YES | NO | |||||
1. | ARE WORKER’S COMPENSATION, GENERAL LIABILITY AND OTHER NECESSARY INSURANCE COVERAGES IN EFFECT? | x | ||||
2. | ARE ALL PREMIUM PAYMENTS PAID CURRENT? | x | ||||
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 POLICY | CARRIER | PERIOD COVERED | PAYMENT AMOUNT & FREQUENCY | |||
General Liability, Workers Comp | St Paul Insurance | 7-02 to 7-03 | 4992 mo | |||
Group Health | Principal Financial Group | 3-03 to 4-03 | 11,790 mo |
Case Name | Datavon, Inc. et al | |||
Case Number | 02-38600-RCM | |||
Monthly Operating Report | ||||
Supporting Schedules—Consolidated Balance Sheet | ||||
Month Ended March 31, 2003 |
Consolidated Balance Sheet
Note 1—The Company’s operating reports are prepared using generally accepted accounting principles. The Debtor’s schedules were prepared under another basis of accounting. Accordingly, some discrepancies are due to the use of different accounting methods.
Note 2—A vendor is asserting additional charges of approximately $ 350,000 in administrative claims relating to the use of their ports. No accrual for this claim has been made in the accompanying financial statements.
Jan 2003 | Feb 2003 | Mar 2003 | ||||
Line 32—Direct Charges to Equity | ||||||
Purchase of Stock from Bruce Hawkins—Pre-Petition | 64,222 | 64,222 | 64,222 | |||
Case Name | Datavon, Inc. et al | |||
Case Number | 02-38600-RCM | |||
Monthly Operating Report | ||||
Supporting Schedules—Consolidated Income Statement | ||||
Month Ended March 31, 2003 |
Jan 2003 | Feb 2003 | Mar 2003 | ||||
Other Operating Expenses | ||||||
D & O Insurance | 77,115 | |||||
Filing Fees | 1,054 | |||||
78,169 | 0 | 0 | ||||
Other Income & Expense | ||||||
Equipment received from Cisco Systems under settlement agreement | 77,543 | |||||
Interest Income | 1,237 | 1,417 | 1,208 | |||
1,237 | 78,960 | 1,208 | ||||
Line 17—Non-Operating Expense | ||||||
Correction of Prior Period Expenses—Broadwing | 136,369 | |||||
Correction of Prior Period Expenses—Quest | 87,975 | 114,005 | ||||
224,344 | 114,005 | 0 | ||||
Case Name | Datavon, Inc. et al | |||
Case Number | 02-38600-RCM | |||
Monthly Operating Report | ||||
Supporting Schedules—Cash Receipts and Disbursements | ||||
Month Ended March 31, 2003 |
Jan 2003 | Feb 2003 | Mar 2003 | ||||
Line 8—Other Non-operating Receipts | ||||||
Customer Deposits | ||||||
Medical Insurance Reimbursements | 1,630 | 628 | 628 | |||
Interest Income | 1,237 | 1,417 | 1,208 | |||
Bank Reimbursement | 1,679 | |||||
Vendor Reimbursements | 200 | |||||
2,867 | 3,724 | 2,036 | ||||
Line 25—Other Operating Disbursements | ||||||
Contracted Services | 61,604 | 73,708 | 63,580 | |||
Office Expense | 21,012 | 5,553 | 7,493 | |||
Pension Cost | 10,873 | 10,421 | 5,212 | |||
Employee Advance | 530 | |||||
Note Payment—Lee Barton | 125,000 | 125,000 | ||||
Note Payment—Regions Bank | 5,000 | 5,000 | ||||
Equipment Purchases | 201,600 | 116,632 | 196,231 | |||
Prepayment—Telecom Services | 100,000 | |||||
Settlement Contract Payment—Broadwing | 120,000 | |||||
Fees | ||||||
Bank Charges | 1,000 | |||||
Telephone | 712 | |||||
541,619 | 436,314 | 278,228 | ||||
Case Name | Datavon, Inc. et al | |||
Case Number | 02-38600-RCM | |||
Monthly Operating Report | ||||
Supporting Schedules—PostPetition Status of Leases | ||||
Month Ended March 31, 2003 |
Company | Scheduled Payment | Amount Paid During Month | Total Unpaid | |||||
Cisco Systems Capitalized Leases | DataVoN, Inc. | 54,692 | 2,450,559 | |||||
CIT—Lanier | DataVoN, Inc. | 1,076 | 19,702 | |||||
Gulfcoast Leasing | DataVoN, Inc. | 6,000 | 12,000 | 42,000 | ||||
VAResources | Video Intelligence, Inc. | 1,757 | 62,867 | |||||
VAResources | Video Intelligence, Inc. | 850 | 17,968 | |||||
Dell Financial Services | DTVN Holdings, Inc. | 10,238 | 10,238 | 47,952 | ||||
Telogy | 480 | 480 | 2,396 | |||||
75,093 | 22,718 | 2,643,444 | ||||||