EXHIBIT 99.1
UNITED STATES BANKRUPTCY COURT
NORTHERN DISTRICT OF CALIFORNIA
In re: SONICblue Inc CASE NO. 03-51775 msj, 03-51776 msj,
Diamond Multimedia Systems, Inc 03-51777 msj, 03-51778 msj
ReplayTV, Inc
Sensory Science Corporation CHAPTER 11
MONTHLY OPERATING REPORT
(GENERAL BUSINESS CASE)
SUMMARY OF FINANCIAL STATUS
MONTH ENDED: Nov-03 PETITION DATE: 03/21/03
1. Debtor in possession (or trustee) hereby submits this Monthly Operating
Report on the Accrual Basis of accounting (or if checked here ____ the
Office of the U.S. Trustee or the Court has approved the Cash Basis of
Accounting for the Debtor).
Dollars reported in $1
END OF CURRENT END OF PRIOR AS OF PETITION
MONTH MONTH FILING
2. ASSET AND LIABILITY STRUCTURE -------------- ------------ --------------
a. Current Assets $ 83,261,497 $ 85,443,057 $ 167,641,723
-------------- ------------ --------------
b. Total Assets $ 83,261,497 $ 85,443,057 $ 171,565,518
-------------- ------------ --------------
c. Current Liabilities $ 2,396,450 $ 2,133,337 $ 259,140,287
-------------- ------------ --------------
d. Total Liabilities $ 241,423,718 $242,161,768 $ 283,757,820
-------------- ------------ --------------
CUMULATIVE
CURRENT MONTH PRIOR MONTH (CASE TO DATE)
3. STATEMENT OF CASH RECEIPTS & DISBURSEMENTS FOR MONTH ------------- ----------- --------------
a. Total Receipts (includes net cash rec'd/paid to acquirer) $ 924,611 $24,967,628 $ 95,597,557
------------- ----------- --------------
b. Total Disbursements $ 1,161,786 $ 637,867 $ 37,883,576
------------- ----------- --------------
c. Excess (Deficiency) of Receipts Over Disbursements (a - b) ($ 237,175) $24,329,761 $ 57,713,981
------------- ----------- --------------
d. Cash Balance Beginning of Month $ 60,995,477 $36,665,716 $ 3,064,884
------------- ----------- --------------
e. Cash Balance End of Month (c + d) $ 60,758,302 $60,995,477 $ 60,778,865
------------- ----------- --------------
CUMULATIVE
CURRENT MONTH PRIOR MONTH (CASE TO DATE)
------------- ----------- --------------
4. PROFIT/(LOSS) FROM THE STATEMENT OF OPERATIONS ($ 420,837) ($4,016,102) ($84,221,084)
------------- ----------- --------------
5. ACCOUNT RECEIVABLES (PRE AND POST PETITION) $ 0 $ 0
------------- -----------
6. POST-PETITION LIABILITIES $ 2,396,450 $2,133,337
------------- -----------
7. PAST DUE POST-PETITION ACCOUNT PAYABLES (OVER 30 DAYS) $ 0 $ 0
------------- -----------
YES NO
AT THE END OF THIS REPORTING MONTH: ------------- ----
8. Have any payments been made on pre-petition debt, other than payments in the normal X (Exhibit 1)
course to secured creditors or lessors? (if yes, attach listing including date of ------------- ----
payment, amount of payment and name of payee)
9. Have any payments been made to professionals? (if yes, attach listing including date of X (Exhibit 2)
payment, amount of payment and name of payee) ------------- ----
10. If the answer is yes to 8 or 9, were all such payments approved by the court? X
------------- ----
11. Have any payments been made to officers, insiders, shareholders, relatives? (if yes, X (Exhibit 3)
attach listing including date of payment, amount and reason for payment, and name of payee) ------------- ----
12. Is the estate insured for replacement cost of assets and for general liability? X
------------- ----
13. Are a plan and disclosure statement on file? X
------------- ----
14. Was there any post-petition borrowing during this reporting period? X
------------- ----
15. Check if paid: Post-petition taxes X ; U.S. Trustee Quarterly Fees X ;
Check if filing is current for: Post-petition tax reporting and tax
returns: ____ 2002 tax return preparation is in progress
(Attach explanation, if post-petition taxes or U.S. Trustee Quarterly Fees
are not paid current or if post-petition tax reporting and tax return
filings are not current.)
I declare under penalty of perjury I have reviewed the above summary and
attached financial statements, and after making reasonable inquiry believe these
documents are correct.
Date: ------------------- ---------------------------------------------
Responsible Individual
BALANCE SHEET
(GENERAL BUSINESS CASE)
FOR THE MONTH ENDED 11/30/03
FROM SCHEDULES MARKET VALUE
-------------- -------------
ASSETS
CURRENT ASSETS
1 Cash and cash equivalents - unrestricted $ 59,805,584
-------------
2 Cash and cash equivalents - restricted $ 952,718
-------------
3 Accounts receivable (net) A $ 0
-------------
4 Inventory B $ 0
-------------
5 Prepaid expenses $ 442,907
-------------
6 Professional retainers
--------------
7 Other: UMC Investment @ FMV $ 22,060,288
--------------
8 Patents unknown
------------------------------------------ -------------
9 TOTAL CURRENT ASSETS $ 83,261,497
-------------
PROPERTY AND EQUIPMENT (MARKET VALUE)
10 Real property C $ 0
-------------
11 Machinery and equipment D $ 0
-------------
12 Furniture and fixtures D $ 0
-------------
13 Office equipment D $ 0
-------------
14 Leasehold improvements D $ 0
-------------
15 Vehicles D $ 0
-------------
16 Other: ----------------------------------- D -------------
17 ------------------------------------------ D -------------
18 ------------------------------------------ D -------------
19 ------------------------------------------ D -------------
20 ------------------------------------------ D -------------
21 TOTAL PROPERTY AND EQUIPMENT $ 0
-------------
OTHER ASSETS
22 Loans to shareholders
-------------
23 Loans to affiliates
24 ------------------------------------------ -------------
25 ------------------------------------------ -------------
26 ------------------------------------------ -------------
27 ------------------------------------------ -------------
28 TOTAL OTHER ASSETS $ 0
-------------
29 TOTAL ASSETS $ 83,261,497
=============
NOTE:
Indicate the method used to estimate the market value of assets (e.g.,
appraisals; familiarity with comparable market prices, etc.) and the
date the value was determined.
LIABILITIES AND EQUITY
(GENERAL BUSINESS CASE)
LIABILITIES FROM SCHEDULES
POST-PETITION
CURRENT LIABILITIES
30 Salaries and wages $ 63,158
-------------
31 Payroll taxes -------------
32 Real and personal property taxes -------------
33 Income taxes -------------
34 Sales taxes -------------
35 Notes payable (short term) -------------
36 Accounts payable (trade) A $ 2,078,056
37 Real property lease arrearage -------------
38 Personal property lease arrearage -------------
39 Accrued professional fees -------------
40 Current portion of long-term post-petition
debt (due within 12 months) -------------
41 Other: Payable to acquirer of sold/
discontinued product lines $ 255,236
42 ------------------------------------------ -------------
43 ------------------------------------------ -------------
44 TOTAL CURRENT LIABILITIES $ 2,396,450
-------------
45 LONG-TERM POST-PETITION DEBT, NET OF CURRENT
PORTION -------------
46 TOTAL POST-PETITION LIABILITIES $ 2,396,450
------------
PRE-PETITION LIABILITIES (ALLOWED AMOUNT)
47 Secured claims F $ 0
-------------
48 Priority unsecured claims F $ 0
-------------
49 General unsecured claims F $ 0
-------------
50 TOTAL PRE-PETITION LIABILITIES $239,027,268
-------------
51 TOTAL LIABILITIES $241,423,718
-------------
EQUITY (DEFICIT)
52 Retained Earnings/(Deficit) at time of
filing ($644,469,546)
-------------
53 Capital Stock $419,094,388
-------------
54 Additional paid-in capital $156,761,274
-------------
55 Cumulative profit/(loss) since filing of
case ($ 84,221,084)
-------------
56 Post-petition contributions/
(distributions) or (draws) -------------
57 ------------------------------------------ -------------
58 Market value adjustment (UMC mark ($ 5,327,253)
to market)
-------------
59 TOTAL EQUITY (DEFICIT) ($158,162,221)
-------------
60 TOTAL LIABILITIES AND EQUITY (DEFICIT) $ 83,261,497
=============
SCHEDULES TO THE BALANCE SHEET
(GENERAL BUSINESS CASE)
SCHEDULE A
ACCOUNTS RECEIVABLE AND (NET) PAYABLE
ACCOUNTS RECEIVABLE ACCOUNTS PAYABLE PAST DUE
RECEIVABLES AND PAYABLES AGINGS [PRE AND POST PETITION] [POST PETITION] POST PETITION DEBT
----------------------- ---------------- ------------------
0 -30 Days $ 0 $ 2,078,056
----------------------- ----------------
31-60 Days $ 0
----------------------- ----------------
61-90 Days $ 0 $ 0
----------------------- ---------------- ------------------
91+ Days $ 771,458
----------------------- ----------------
Total accounts receivable/payable $ 771,458 $ 2,078,056
----------------------- ================
Allowance for doubtful accounts $ 771,458
-----------------------
Accounts receivable (net) $ 0
=======================
SCHEDULE B
INVENTORY/COST OF GOODS SOLD
INVENTORY(IES) COST OF GOODS SOLD
BALANCE AT ----------------------------
TYPES AND AMOUNT OF INVENTORY(IES) END OF MONTH INVENTORY BEGINNING OF MONTH $ 0
- ---------------------------------- -------------- ------------------
Add -
Retail/Restaurants - Net purchase ------------------
Product for resale $ 0 Direct labor ------------------
-------------- Manufacturing overhead ------------------
Distribution - Freight in ------------------
Products for resale -------------- Other: ------------------
$ 0
-------------------------- ------------------
Manufacturer - -------------------------- ------------------
Raw Materials -------------- Less -
Work-in-progress -------------- Inventory End of Month $ 0
Finished goods -------------- ------------------
Shrinkage
------------------
Other - Explain -------------- Personal Use ------------------
- ----------------------------------
Cost of Goods Sold $ 0
- ---------------------------------- ==================
TOTAL $ 0
==============
METHOD OF INVENTORY CONTROL INVENTORY VALUATION METHODS
Do you have a functioning perpetual inventory Indicate by a checkmark
system? method of inventory used.
Yes No
--------- --------
How often do you take a complete physical Valuation methods -
inventory?
FIFO cost -------
Weekly ------------ LIFO cost -------
Monthly ------------ Lower of cost
or market -------
Quarterly ------------ Retail method -------
Semi-annually ------------ Other -------
Annually ------------ Explain -------
Date of last physical inventory was
-------------- -----------------------------------------------
-----------------------------------------------
Date of next physical inventory is
-------------- -----------------------------------------------
SCHEDULE C
REAL PROPERTY
Description COST MARKET VALUE
------ ------------
-------------------------------------------- ------ ------------
-------------------------------------------- ------ ------------
-------------------------------------------- ------ ------------
-------------------------------------------- ------ ------------
-------------------------------------------- ------ ------------
-------------------------------------------- ------ ------------
Total $ 0 $ 0
====== ============
SCHEDULE D
OTHER DEPRECIABLE ASSET
Description COST MARKET VALUE
Machinery & Equipment - ------ ------------
-------------------------------------------- ------ ------------
-------------------------------------------- ------ ------------
-------------------------------------------- ------ ------------
-------------------------------------------- ------ ------------
Total $ 0 $ 0
====== ============
Furniture & Fixtures -
-------------------------------------------- ------ ------------
-------------------------------------------- ------ ------------
-------------------------------------------- ------ ------------
-------------------------------------------- ------ ------------
Total $ 0 $ 0
====== ============
Office Equipment -
-------------------------------------------- ------ ------------
-------------------------------------------- ------ ------------
-------------------------------------------- ------ ------------
Total $ 0 $ 0
====== ============
Leasehold Improvements -
-------------------------------------------- ------ ------------
-------------------------------------------- ------ ------------
-------------------------------------------- ------ ------------
-------------------------------------------- ------ ------------
Total $ 0 $ 0
====== ============
Vehicles -
-------------------------------------------- ------ ------------
-------------------------------------------- ------ ------------
-------------------------------------------- ------ ------------
-------------------------------------------- ------ ------------
Total $ 0 $ 0
====== ============
STATEMENT OF OPERATIONS
(GENERAL BUSINESS CASE)
For the Month Ended 11/30/03
CURRENT MONTH
- ---------------------------------
CUMULATIVE NEXT MONTH
ACTUAL FORECAST VARIANCE (CASE TO DATE) FORECAST
- ---------- --------- -------- -------------- ----------
REVENUES:
$ 0 $ 0 1 Gross Sales $ 7,257,704
- --------- --------- --------- ------------ -----
$ 0 2 less: Sales Returns & Allowances $ 4,063,280
- --------- --------- --------- ------------ -----
$ 0 $ 0 3 Net Sales $ 3,194,424 $ 0
- --------- --------- --------- ------------ -----
$ 0 4 less: Cost of Goods Sold (Schedule 'B') $ 2,236,107
- --------- --------- --------- ------------ -----
$ 0 $ 0 5 Gross Profit $ 958,317 $ 0
- --------- --------- --------- ------------ -----
$ 0 6 Interest $ 0
- --------- --------- --------- ------------ -----
$ 0 $ 0 7 Other Income: $ 3,314,321
- --------- --------- --------- ----------------------- ------------ -----
$ 0 $ 0 8 Gain or (Loss) on UMC sales ($12,217,005)
- --------- --------- --------- ----------------------------------------------- ------------ -----
$ 0 9 $ 0
- --------- --------- --------- ----------------------------------------------- ------------ -----
$ 0 $ 0 $ 0 10 TOTAL REVENUES ($ 7,944,367) $ 0
- --------- --------- --------- ------------ -----
EXPENSES:
$ 11,775 ($ 11,775) 11 Compensation to Owner(s)/Officer(s) $ 461,569
- --------- --------- --------- ------------ -----
$ 20,985 ($ 20,985) 12 Salaries $ 1,401,665
- --------- --------- --------- ------------ -----
$ 0 13 Commissions $ 0
- --------- --------- --------- ------------ -----
$ 5,270 ($ 5,270) 14 Contract Labor $ 162,939
- --------- --------- --------- ------------ -----
Rent/Lease:
$ 0 15 Personal Property $ 8,533
- --------- --------- --------- ------------ -----
$ 2,000 ($ 2,000) 16 Real Property $ 985,738
- --------- --------- --------- ------------ -----
$ 2,839 ($ 2,839) 17 Insurance $ 2,459,774
- --------- --------- --------- ------------ -----
$ 0 18 Management Fees $ 0
- --------- --------- --------- ------------ -----
$ 0 19 Depreciation $ 159,065
- --------- --------- --------- ------------ -----
Taxes:
$ 536 ($ 536) 20 Employer Payroll Taxes $ 310,317
- --------- --------- --------- ------------ -----
$ 0 21 Real Property Taxes $ 12,760
- --------- --------- --------- ------------ -----
($ 447) $ 447 22 Other Taxes ($ 26,493)
- --------- --------- --------- ------------ -----
$ 0 23 Other Selling $ 931,305
- --------- --------- --------- ------------ -----
($ 3,926) $ 3,926 24 Other Administrative $ 386,356
- --------- --------- --------- ------------ -----
$ 0 25 Interest $ 777,750
- --------- --------- --------- ------------ -----
$ 0 26 Other Expenses: amortization $ 1,461,364
- --------- --------- --------- ----------------------- ------------ -----
$ 0 27 $ 0
- --------- --------- --------- ----------------------------------------------- ------------ -----
$ 0 28 $ 0
- --------- --------- --------- ----------------------------------------------- ------------ -----
$ 0 29 $ 0
- --------- --------- --------- ----------------------------------------------- ------------ -----
$ 0 30 $ 0
- --------- --------- --------- ----------------------------------------------- ------------ -----
$ 0 31 $ 0
- --------- --------- --------- ----------------------------------------------- ------------ -----
$ 0 32 $ 0
- --------- --------- --------- ----------------------------------------------- ------------ -----
$ 0 33 $ 0
- --------- --------- --------- ----------------------------------------------- ------------ -----
$ 0 34 $ 0
- --------- --------- --------- ----------------------------------------------- ------------ -----
$ 39,032 $ 0 ($ 39,032) 35 TOTAL EXPENSES $ 9,492,642 $ 0
- --------- --------- --------- ------------ -----
($ 39,032) $ 0 ($ 39,032) 36 SUBTOTAL ($17,437,009) $ 0
- --------- --------- --------- ------------ -----
REORGANIZATION ITEMS:
($386,411) $386,411 37 Professional Fees ($ 4,523,304)
- --------- --------- --------- ------------ -----
$ 0 38 Provisions for Rejected Executory Contracts $ 0
- --------- --------- --------- ------------ -----
$ 4,606 $ 4,606 39 Interest Earned on Accumulated Cash from $ 25,038
- --------- --------- --------- ------------ -----
Resulting Chp 11 Case $ 0
------------
$ 0 $ 0 40 Gain or (Loss) from Sale of Equipment ($62,260,563)
- --------- --------- --------- ------------ -----
$ 0 41 U.S. Trustee Quarterly Fees ($ 25,250)
- --------- --------- --------- ------------ -----
$ 0 42 $ 0
- --------- --------- --------- ----------------------------------------------- ------------ -----
($381,805) $ 0 ($381,805) 43 TOTAL REORGANIZATION ITEMS ($66,784,079) $ 0
- --------- --------- --------- ------------ -----
($420,837) $ 0 ($420,837) 44 NET PROFIT (LOSS) BEFORE FEDERAL & STATE TAXES ($84,221,088) $ 0
- --------- --------- --------- ------------ -----
$ 0 45 Federal & State Income Taxes
- --------- --------- --------- ------------ -----
($420,837) $ 0 ($420,837) 46 NET PROFIT (LOSS) ($84,221,088) $ 0
========= ========= ========= ============ =====
Attach an Explanation of Variance to Statement of Operations (For variances
greater than +/- 10% only):
SCHEDULE E
AGING OF POST-PETITION TAXES
(AS OF END OF THE CURRENT REPORTING PERIOD)
TAXES PAYABLE 0-30 DAYS 31-60 DAYS 61-90 DAYS 91+ DAYS TOTAL
--------- ---------- ---------- -------- -------
FEDERAL
Income Tax Withholding $ 0
------- ------- ------ ------- ------
FICA - Employee $ 0
------- ------- ------ ------- ------
FICA - Employer $ 0
------- ------- ------ ------- ------
Unemployment (FUTA) $ 0
------- ------- ------ ------- ------
Income $ 0
------- ------- ------ ------- ------
Other (Attach List) $ 0
------- ------- ------ ------- ------
TOTAL FEDERAL TAXES $ 0 $ 0 $ 0 $ 0 $ 0
------- ------- ------ ------- ------
STATE AND LOCAL
Income Tax Withholding $ 0
------- ------- ------ ------- ------
Unemployment (UT) $ 0
------- ------- ------ ------- ------
Disability Insurance (DI) $ 0
------- ------- ------ ------- ------
Empl. Training Tax (ETT) $ 0
------- ------- ------ ------- ------
Sales $ 0
------- ------- ------ ------- ------
Excise $ 0
------- ------- ------ ------- ------
Real property $ 0
------- ------- ------ ------- ------
Personal property $ 0
------- ------- ------ ------- ------
Income $ 0
------- ------- ------ ------- ------
Other (Attach List) $ 0
------- ------- ------ ------- ------
TOTAL STATE & LOCAL TAXES $ 0 $ 0 $ 0 $ 0 $ 0
------- ------- ------ ------- ------
TOTAL TAXES $ 0 $ 0 $ 0 $ 0 $ 0
======= ======= ====== ======= ======
SCHEDULE F
PRE-PETITION LIABILITIES
CLAIMED ALLOWED
LIST TOTAL CLAIMS FOR EACH CLASSIFICATION - AMOUNT AMOUNT (B)
- ------------------------------------------- --------------- -----------------
Secured claims (a)
--------------- ------------------
Priority claims other than taxes
--------------- ------------------
Priority tax claims
--------------- ------------------
General unsecured claims
--------------- ------------------
(a) List total amount of claims even it under secured.
(b) Estimated amount of claim to be allowed after compromise or litigation.
As an example, you are a defendant in a lawsuit alleging damage of
$10,000,000 and a proof of claim is filed in that amount. You believe
that you can settle the case for a claim of $3,000,000. For Schedule F
reporting purposes you should list $10,000,000 as the Claimed Amount
and $3,000,000 as the Allowed Amount.
SCHEDULE G
RENTAL INCOME INFORMATION
NOT APPLICABLE TO GENERAL BUSINESS CASES
SCHEDULE H
RECAPITULATION OF FUNDS HELD AT END OF MONTH
ACCOUNT 1 ACCOUNT 2 ACCOUNT 3 ACCOUNT 4
--------- --------- --------- ---------
Bank
-------------- ---------------- -------------- ------------
Account Type
-------------- ---------------- -------------- ------------
Account No.
-------------- ---------------- -------------- ------------
Account Purpose
-------------- ---------------- -------------- ------------
Balance, End of Month
-------------- ---------------- -------------- ------------
Total Funds on Hand for all Accounts $ 0
==============
Attach copies of the month end bank statement(s), reconciliation(s), and the
check register(s) to the Monthly Operating Report.
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS
FOR THE MONTH ENDED
-------------
Actual Cumulative
Current Month (Case to Date)
------------- --------------
CASH RECEIPTS
1 Rent/Leases Collected
-------- --------
2 Cash Received from Sales $ 0
-------- --------
3 Interest Received $ 0
-------- --------
4 Borrowings
-------- --------
5 Funds from Shareholders, Partners, or Other Insiders
-------- --------
6 Capital Contributions
-------- --------
7 ------------------------------------------------------------- -------- --------
8 ------------------------------------------------------------- -------- --------
9 ------------------------------------------------------------- -------- --------
10 ------------------------------------------------------------- -------- --------
11 ------------------------------------------------------------- -------- --------
12 TOTAL CASH RECEIPTS $ 0 $ 0
-------- --------
CASH DISBURSEMENTS
13 Payments for Inventory 0
-------- --------
14 Selling $ 0
-------- --------
15 Administrative $ 0
-------- --------
16 Capital Expenditures
-------- --------
17 Principal Payments on Debt
-------- --------
18 Interest Paid $ 0
-------- --------
Rent/Lease:
19 Personal Property
-------- --------
20 Real Property
-------- --------
Amount Paid to Owner(s)/Officer(s)
21 Salaries
-------- --------
22 Draws
-------- --------
23 Commissions/Royalties
-------- --------
24 Expense Reimbursements
-------- --------
25 Other
-------- --------
26 Salaries/Commissions (less employee withholding)
-------- --------
27 Management Fees
-------- --------
Taxes:
28 Employee Withholding
-------- --------
29 Employer Payroll Taxes
-------- --------
30 Real Property Taxes
-------- --------
31 Other Taxes
-------- --------
32 Other Cash Outflows:
-------- --------
33 ------------------------------------------------------ -------- --------
34 ------------------------------------------------------ -------- --------
35 ------------------------------------------------------ -------- --------
36 ------------------------------------------------------ -------- --------
37 ------------------------------------------------------ -------- --------
38 TOTAL CASH DISBURSEMENTS: $ 0 $ 0
-------- --------
39 NET INCREASE (DECREASE) IN CASH $ 0 $ 0
-------- --------
40 CASH BALANCE, BEGINNING OF PERIOD
-------- --------
41 CASH BALANCE, END OF PERIOD $ 0 $ 0
======== ========
STATEMENT OF CASH FLOWS
(OPTIONAL) INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS
FOR THE MONTH ENDED 11/30/03
ACTUAL CUMULATIVE
CASH FLOWS FROM OPERATING ACTIVITIES CURRENT MONTH (CASE TO DATE)
------------- --------------
1 Cash Received from Sales $ 0 $ 7,767,965
----------- -----------
2 Rent/Leases Collected $ 580,159
----------- -----------
3 Interest Received $ 0
----------- -----------
4 Cash Paid to Suppliers $ 1,539,489
----------- -----------
5 Cash Paid for Selling Expenses $ 821,150
----------- -----------
6 Cash Paid for Administrative Expenses $ 70,710 $ 634,995
----------- -----------
Cash Paid for Rents/Leases:
-----------
7 Personal Property $ 28,009
----------- -----------
8 Real Property $ 2,000 $ 1,010,747
----------- -----------
9 Cash Paid for Interest $ 0
----------- -----------
10 Cash Paid for Net Payroll and Benefits $ 19,398 $ 1,631,673
----------- -----------
Cash Paid to Owner(s)/Officer(s) $ 0
-----------
11 Salaries $ 9,000 $ 434,211
----------- -----------
12 Draws $ 0
----------- -----------
13 Commissions/Royalties $ 0
----------- -----------
14 Expense Reimbursements $ 0
----------- -----------
15 Other $ 0
----------- -----------
Cash Paid for Taxes Paid/Deposited to Tax Acct. $ 0
-----------
16 Employer Payroll Tax $ 1,322 $ 173,102
----------- -----------
17 Employee Withholdings $ 0
----------- -----------
18 Real Property Taxes $ 0
----------- -----------
19 Other Taxes (includes withholding taxes paid on UMC shares) $ 0 $ 1,716,720
----------- -----------
20 Cash Paid for General Expenses $ 4,810 $ 786,928
----------- -----------
21 Rebates $ 600,459
--------------------------------------------------------------------------------- ----------- -----------
22
--------------------------------------------------------------------------------- ----------- -----------
23
--------------------------------------------------------------------------------- ----------- -----------
24
--------------------------------------------------------------------------------- ----------- -----------
25
--------------------------------------------------------------------------------- ----------- -----------
26
--------------------------------------------------------------------------------- ----------- -----------
27 NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES BEFORE REORGANIZATION ITEMS ($ 107,240) ($ 1,029,359)
----------- -----------
CASH FLOWS FROM REORGANIZATION ITEMS
28 Interest Received on Cash Accumulated Due to Chp 11 Case $ 4,606 $ 25,038
----------- -----------
29 Professional Fees Paid for Services in Connection with Chp 11 Case $ 134,541 $ 3,917,457
----------- -----------
30 U.S. Trustee Quarterly Fees $ 0 $ 25,250
----------- -----------
31A KERP/PTO & Severance payments $ 3,000,000
----------- -----------
31B Net cash (received)/paid related to sold/discontinued product lines $ 0 ($ 397,860)
----------- -----------
32 NET CASH PROVIDED (USED) BY REORGANIZATION ITEMS ($ 129,935) ($ 6,519,809)
----------- -----------
33 NET CASH PROVIDED (USED) FOR OPERATING ACTIVITIES AND REORGANIZATION ITEMS ($ 237,175) ($ 7,549,168)
----------- -----------
CASH FLOWS FROM INVESTING ACTIVITIES
34 Capital Expenditures $ 0
----------- -----------
35 Proceeds from Sales of Capital Goods due to Chp 11 Case $ 0 $44,991,055
----------- -----------
36 Proceeds from UMC sales $ 920,005 $41,835,480
----------- -----------
37 NET CASH PROVIDED (USED) BY INVESTING ACTIVITIES $ 920,005 $86,826,535
----------- -----------
CASH FLOWS FROM FINANCING ACTIVITIES
38 Net Borrowings (Except Insiders) $ 0
----------- -----------
39 Net Borrowings from Shareholders, Partners, or Other Insiders $ 0
----------- -----------
40 Capital Contributions $ 0
----------- -----------
41 Principal Payments $ 920,005 $21,563,386
----------- -----------
42 $ 0
--------------------------------------------------------------------------------- ----------- -----------
43 NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES ($ 920,005) ($21,563,386)
----------- -----------
44 NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS ($ 237,175) $57,713,981
----------- -----------
45 CASH AND CASH EQUIVALENTS AT BEGINNING OF MONTH $60,995,477 $ 3,064,884
----------- -----------
46 CASH AND CASH EQUIVALENTS AT END OF MONTH $60,758,302 $60,778,865
=========== ===========
SONICblue Inc. Exhibit 1
Payments for Pre-petition liabilities
Vendor Date Amount
- --------------------------------------------------------------------------------
Citadel Equity Fund Ltd 11/7/2003 306,668.19
Smithfield Fiduciary LLC 11/7/2003 306,668.19
Portside Growth & Opportunity Fund 11/7/2003 306,668.19
- --------------------------------------------------------------------------------
Total $920,004.57
================================================================================
SONICblue Inc. Exhibit 2
Payments for Professional Fees
Vendor Date Amount
- --------------------------------------------------------------------------------
Bank One 11/18/2003 19,474.56
Bank One 11/18/2003 11,517.96
Bank One 11/18/2003 17,140.84
Bank One 11/18/2003 26,011.77
Bank One 11/18/2003 34,398.87
Bank One 11/18/2003 16,171.64
Bank One 11/18/2003 9,824.99
- ---------------------------------------------------------------------------------
Total $134,540.63
=================================================================================
SONICblue, Inc Exhibit 3
Payments to Officers
Name 11/15/2003 11/29/2003 Total
- --------------------------------------------------------------------------------------
Smith, Marcus $4,000.00 $5,000.00 $9,000.00
- --------------------------------------------------------------------------------------
Total $9,000.00
======================================================================================