EXHIBIT 99.3
Christopher Celentino, State Bar # 131688
Luce, Forward, Hamilton & Scripps, LLP
600 West Broadway, Suite 2600
San Diego, CA 92101
Attorney for Debtor-In-Possession
UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF CALIFORNIA
In Re: CinemaStar Luxury Theaters, Inc., Debtor(s)
CASE NUMBER: 01-00110-JM11
CHAPTER 11
DEBTOR-IN-POSSESSION MONTHLY OPERATING REPORT
FOR THE MONTH OF: MARCH 2001
TO: THE HONORABLE JUDGE MYERS
UNITED STATES BANKRUPTCY JUDGE
The Debtor-In-Possession hereby files its Monthly Operating Report
pursuant to the United States Trustee's Operating and Reporting Requirements for
Chapter 11 cases.
DATED: April 18, 2001
s/ Christopher Celentino
---------------------------------
Attorney for Debtor-In-Possession
Page 1 of 17
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UNITED STATES DEPARTMENT OF JUSTICE
OFFICE OF THE UNITED STATES TRUSTEE
SOUTHERN DISTRICT OF CALIFORNIA
- ------------------------------------------------------------------------------
In Re: CinemaStar Luxury Theaters, Inc., Debtor(s)
CHAPTER 11 (BUSINESS)
CASE NO. 01-00110-JM11
OPERATING REPORT NO. 3
FOR THE MONTH ENDING: MARCH 31, 2001
I. CASH RECEIPTS AND DISBURSEMENTS
A. (GENERAL ACCOUNT *)
- --------------------------------------------------------------------------------------- ---------------------
1. TOTAL RECEIPTS PER ALL PRIOR GENERAL ACCOUNT REPORTS 2,304,073.40
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
2. LESS: TOTAL DISBURSEMENTS PER ALL PRIOR GENERAL ACCOUNT REPORTS 2,048,685.04
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
3. BEGINNING BALANCE 255,388.36
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
4. RECEIPTS DURING CURRENT PERIOD
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
ACCOUNTS RECEIVABLE - PRE-FILING 0.00
- --------------------------------------------------------------------------------------- ---------------------
ACCOUNTS RECEIVABLE - POST-FILING 0.00
- --------------------------------------------------------------------------------------- ---------------------
GENERAL SALES 997,259.94
- --------------------------------------------------------------------------------------- ---------------------
OTHER (SPECIFY) Advanced ticket sales, Mexico mgmnt fees 119,454.19
- --------------------------------------------------------------------------------------- ---------------------
OTHER ** (SPECIFY) 0.00
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
TOTAL RECEIPTS THIS PERIOD 1,116,714.13
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
5. BALANCE: 1,372,102.49
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
6. LESS: TOTAL DISBURSEMENTS DURING CURRENT PERIOD 1,659,889.78
- --------------------------------------------------------------------------------------- ---------------------
(Total from Page 2)
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
7. ENDING BALANCE (287,787.29)
- --------------------------------------------------------------------------------------- ---------------------
- ------------------------------------------------------- -----------------------------------------------------
8. GENERAL ACCOUNT NUMBER 07007494381
- ------------------------------------------------------- -----------------------------------------------------
DEPOSITORY NAME AND LOCATION Union Bank of California
- -------------------------------------------------------------------------------------------------------------
445 South Figueroa St., Los Angeles, CA 90051
- -------------------------------------------------------------------------------------------------------------
* ALL RECEIPTS MUST BE DEPOSITED INTO THE GENERAL ACCOUNT
** INCLUDE THE RECEIPTS FROM THE SALE OF ANY REAL OR PERSONAL PROPERTY OUT OF
THE ORDINARY COURSE OF BUSINESS; ATTACH AN EXHIBIT SPECIFYING WHAT WAS SOLD, TO
WHOM, TERMS, AND DATE OF COURT ORDER OR REPORT OF SALE.
Page 2 of 17
TOTAL DISBURSEMENTS DURING CURRENT PERIOD (General Account)
- ---------------------------------------------------------------------------------------------------------------
DATE CHECK # PAYEE PURPOSE AMOUNT
- ---------------------------------------------------------------------------------------------------------------
CHECKS
- ---------------------------------------------------------------------------------------------------------------
3/1/01 16318 Coudres Family Limited PR10 rent 41,035.45
- ---------------------------------------------------------------------------------------------------------------
3/1/01 16319 Mission Grove Theaters MG18 rent 64,443.41
- ---------------------------------------------------------------------------------------------------------------
3/1/01 16320 Oceanside Mission MM13 rent 73,880.84
Marketplace
- ---------------------------------------------------------------------------------------------------------------
3/1/01 16321 Redevelopment Agency SB20 rent 82,000.00
- ---------------------------------------------------------------------------------------------------------------
3/1/01 16322 United Title Company Corp rent 4,983.30
- ---------------------------------------------------------------------------------------------------------------
3/1/01 16323 Target Corporate Events 236.42
- ---------------------------------------------------------------------------------------------------------------
3/2/01 16324 City Of San Bernardino Citation issued by Fire 241.02
Dept
- ---------------------------------------------------------------------------------------------------------------
3/2/01 16325 Mission Grove Theaters II Rent 32,355.40
- ---------------------------------------------------------------------------------------------------------------
3/2/01 16326 Prentis Properties Balance due Corp Rent 10,972.78
- ---------------------------------------------------------------------------------------------------------------
3/5/01 16327 Julian Burke Replace window and 603.23
tinting
- ---------------------------------------------------------------------------------------------------------------
3/9/01 16328 Accountants On Call Temporary Help 649.20
- ---------------------------------------------------------------------------------------------------------------
3/9/01 16329 Airborne Express Film Transportation 109.20
- ---------------------------------------------------------------------------------------------------------------
3/9/01 16330 AM/Comm Systems Inc Operating Supplies 31.75
- ---------------------------------------------------------------------------------------------------------------
3/9/01 16331 American Express Corp Credit Card 1,159.00
- ---------------------------------------------------------------------------------------------------------------
3/9/01 16332 AON Risk Services Insurance 514.00
- ---------------------------------------------------------------------------------------------------------------
3/9/01 16333 Armored Transport Cash transportation 905.69
- ---------------------------------------------------------------------------------------------------------------
3/9/01 16334 Brakewater Transport Film Transportation 905.00
- ---------------------------------------------------------------------------------------------------------------
3/9/01 16335 Chrysler Financial Corp lease car 310.16
- ---------------------------------------------------------------------------------------------------------------
3/9/01 16336 City Clerk Licenses and Permits 810.45
- ---------------------------------------------------------------------------------------------------------------
3/9/01 16337 City of Riverside Water Sewage MG18 123.88
- ---------------------------------------------------------------------------------------------------------------
3/9/01 16338 Clay Colbert Reimbursement 722.66
- ---------------------------------------------------------------------------------------------------------------
3/9/01 16339 CTS Net internet service Internet service corp. 374.76
- ---------------------------------------------------------------------------------------------------------------
3/9/01 16340 DC electronics 2 Inc Alarm Monitoring 215.00
- ---------------------------------------------------------------------------------------------------------------
3/9/01 16341 First Sierra financial MM13 trash compactor 647.67
- ---------------------------------------------------------------------------------------------------------------
3/9/01 16342 Globe ticket and label Co Ticket stock 2,855.45
- ---------------------------------------------------------------------------------------------------------------
3/9/01 16343 The Guardian Dental Insurance 2,081.79
- ---------------------------------------------------------------------------------------------------------------
3/9/01 16344 Inland Lighting Supplies Operating Supplies 1,693.13
Inc
- ---------------------------------------------------------------------------------------------------------------
3/9/01 16345 Janitorial Maintenance Cleaning Services 16,376.00
- ---------------------------------------------------------------------------------------------------------------
3/9/01 16346 Java City Concession Supplies 465.43
- ---------------------------------------------------------------------------------------------------------------
3/9/01 16347 JLA Credit Corp Equipment lease 1,036.21
- ---------------------------------------------------------------------------------------------------------------
3/9/01 16348 La Mousse Concession Supplies 102.15
- ---------------------------------------------------------------------------------------------------------------
3/9/01 16349 Los Angeles Times Corp Paper 18.00
- ---------------------------------------------------------------------------------------------------------------
3/9/01 16350 Manulife Financial 401k 1,835.17
- ---------------------------------------------------------------------------------------------------------------
3/9/01 16351 National Screen Service Advertising 164.06
- ---------------------------------------------------------------------------------------------------------------
3/9/01 16352 Nextel Communication cell phones 195.78
- ---------------------------------------------------------------------------------------------------------------
3/9/01 16353 North County Times Advertising 3,479.74
- ---------------------------------------------------------------------------------------------------------------
3/9/01 16354 Otis Spunkmeyer Concession Supplies 212.50
- ---------------------------------------------------------------------------------------------------------------
3/9/01 16355 Void -
- ---------------------------------------------------------------------------------------------------------------
3/9/01 16356 Void -
- ---------------------------------------------------------------------------------------------------------------
Page 3 of 17
- ---------------------------------------------------------------------------------------------------------------
3/9/01 16357 Prudential Insurance 11,130.92
- ---------------------------------------------------------------------------------------------------------------
3/9/01 16358 Pure Flo Water Corp water 17.85
- ---------------------------------------------------------------------------------------------------------------
3/9/01 16359 Redevelopment Agency SB20 rent 12,500.00
- ---------------------------------------------------------------------------------------------------------------
3/9/01 16360 RPI Furniture & Fixtures SB20 253.50
- ---------------------------------------------------------------------------------------------------------------
3/9/01 16361 SDG&E Utilities 15,599.54
- ---------------------------------------------------------------------------------------------------------------
3/9/01 16362 Sky Courier Film Transportation 35.00
- ---------------------------------------------------------------------------------------------------------------
3/9/01 16363 Southern California Utilities 26,188.20
Edison
- ---------------------------------------------------------------------------------------------------------------
3/9/01 16364 Texaco Corp gas card 577.61
- ---------------------------------------------------------------------------------------------------------------
3/9/01 16365 Theatrical Distribution Advertising 26.18
Services
- ---------------------------------------------------------------------------------------------------------------
3/9/01 16366 Void -
- ---------------------------------------------------------------------------------------------------------------
3/9/01 16367 Verizon Wireless Pagers 192.65
- ---------------------------------------------------------------------------------------------------------------
3/9/01 16368 Verizon California phone service SB20 & pr10 593.75
- ---------------------------------------------------------------------------------------------------------------
3/9/01 16369 Waxie Sanitary Supply Janitorial Supplies 6,057.96
- ---------------------------------------------------------------------------------------------------------------
3/9/01 16370 Wholesale Commercial Dist Operating Supplies 335.05
- ---------------------------------------------------------------------------------------------------------------
3/9/01 16371 MGM Films Film Rental 31,388.20
- ---------------------------------------------------------------------------------------------------------------
3/9/01 16372 Sony Picture Classics Co Op Advertising 150.00
- ---------------------------------------------------------------------------------------------------------------
3/9/01 16373 Airgas Concession Supplies 62.75
- ---------------------------------------------------------------------------------------------------------------
3/9/01 16374 Heritage Foods Concession Supplies 416.09
- ---------------------------------------------------------------------------------------------------------------
3/12/01 16375 United Parcel Service mail service 16.45
- ---------------------------------------------------------------------------------------------------------------
3/12/01 16376 Pacific Bell phone service 1,325.06
- ---------------------------------------------------------------------------------------------------------------
3/14/01 16377 MGM Films Film Rental 13,021.60
- ---------------------------------------------------------------------------------------------------------------
3/16/01 16378 Dan Cahill Reimbursement 129.32
- ---------------------------------------------------------------------------------------------------------------
3/16/01 16379 Gloria Randolph reimburse of gift 23.00
certificates
- ---------------------------------------------------------------------------------------------------------------
3/16/01 16380 Manulife Financial 401k 1,388.51
- ---------------------------------------------------------------------------------------------------------------
3/16/01 16381 Media Tech Source Projection Supplies 591.50
- ---------------------------------------------------------------------------------------------------------------
3/16/01 16382 Murphy's Printing Printing 107.50
- ---------------------------------------------------------------------------------------------------------------
3/16/01 16383 Pacific Bell phone service 150.00
- ---------------------------------------------------------------------------------------------------------------
3/16/01 16384 Peggy O'Neil reimburse of gift 37.00
certificates
- ---------------------------------------------------------------------------------------------------------------
3/16/01 16385 Pure Flo Water Corp water 11.90
- ---------------------------------------------------------------------------------------------------------------
3/16/01 16386 Kim Zolna Reimbursement 732.48
- ---------------------------------------------------------------------------------------------------------------
3/22/01 16387 Airborne Express Film Transportation 582.40
- ---------------------------------------------------------------------------------------------------------------
3/22/01 16388 AON Risk Services Insurance 12,480.00
- ---------------------------------------------------------------------------------------------------------------
3/22/01 16389 Armored Transport Cash transportation 1,029.02
- ---------------------------------------------------------------------------------------------------------------
3/22/01 16390 Blytheco computer support 33.75
- ---------------------------------------------------------------------------------------------------------------
3/22/01 16391 City Clerk Licenses and Permits 225.00
- ---------------------------------------------------------------------------------------------------------------
3/22/01 16392 City Of Oceanside Water Sewage trash MM13 1,643.34
- ---------------------------------------------------------------------------------------------------------------
3/22/01 16393 City Of San Bernardino security service 1,616.16
- ---------------------------------------------------------------------------------------------------------------
3/22/01 16394 Void -
- ---------------------------------------------------------------------------------------------------------------
3/22/01 16395 CR&R Inc refuse PR10 480.97
- ---------------------------------------------------------------------------------------------------------------
3/22/01 16396 Energi Licenses and Fees 75.00
- ---------------------------------------------------------------------------------------------------------------
3/22/01 16397 First Sierra financial MM13 trash compactor 647.67
- ---------------------------------------------------------------------------------------------------------------
3/22/01 16398 Institute of Management Dues and Subscriptions 27.00
- ---------------------------------------------------------------------------------------------------------------
3/22/01 16399 Kombiz Lavasany Reimbursement 277.79
- ---------------------------------------------------------------------------------------------------------------
3/22/01 16400 Mail Boxes Etc mail service 8.36
- ---------------------------------------------------------------------------------------------------------------
3/22/01 16401 Max Reynolds Repairs and 3,572.46
- ---------------------------------------------------------------------------------------------------------------
Page 4 of 17
- ---------------------------------------------------------------------------------------------------------------
maintenance
- ---------------------------------------------------------------------------------------------------------------
3/22/01 16402 Nationwide Neighborhood Advertising 160.00
- ---------------------------------------------------------------------------------------------------------------
3/22/01 16403 Pacific Bell phone service 1,441.28
- ---------------------------------------------------------------------------------------------------------------
3/22/01 16404 Paramount Pictures Co Op Advertising 975.00
- ---------------------------------------------------------------------------------------------------------------
3/22/01 16405 The Press Enterprise Advertising 18,035.19
- ---------------------------------------------------------------------------------------------------------------
3/22/01 16406 Printek Business Check Printing 1,071.11
Solutions
- ---------------------------------------------------------------------------------------------------------------
3/22/01 16407 Prudential Insurance 632.44
- ---------------------------------------------------------------------------------------------------------------
3/22/01 16408 Void -
- ---------------------------------------------------------------------------------------------------------------
3/22/01 16409 San Bernardino County Sun Advertising 10,251.50
- ---------------------------------------------------------------------------------------------------------------
3/22/01 16410 Sky Courier Film Transportation 18.20
- ---------------------------------------------------------------------------------------------------------------
3/22/01 16411 Solomon Friedman Advertising 50.28
- ---------------------------------------------------------------------------------------------------------------
3/22/01 16412 State Comp insurance Fund Insurance 8,125.94
- ---------------------------------------------------------------------------------------------------------------
3/22/01 16413 Treasurer Tax collector Prop taxes 92,629.08
- ---------------------------------------------------------------------------------------------------------------
3/22/01 16414 Void -
- ---------------------------------------------------------------------------------------------------------------
3/22/01 16415 Universal pictures Co Op Advertising 488.77
- ---------------------------------------------------------------------------------------------------------------
3/22/01 16416 Van Asch Janitorial Cleaning Services 1,875.80
- ---------------------------------------------------------------------------------------------------------------
3/22/01 16417 Verizon California phone services SB20 & 2,037.97
Pr10
- ---------------------------------------------------------------------------------------------------------------
3/22/01 16418 Waxie Sanitary Supply Janitorial Supplies 43.65
- ---------------------------------------------------------------------------------------------------------------
3/22/01 16419 Western Municipal Water Water Sewage MG18 300.80
- ---------------------------------------------------------------------------------------------------------------
3/22/01 16420 MGM Films Film Rental 6,385.38
- ---------------------------------------------------------------------------------------------------------------
3/22/01 16421 Sony Picture Classics Co Op Advertising 50.00
- ---------------------------------------------------------------------------------------------------------------
3/22/01 16422 Airgas Concession Supplies 76.87
- ---------------------------------------------------------------------------------------------------------------
3/22/01 16423 Heritage Foods Concession Supplies 1,072.85
- ---------------------------------------------------------------------------------------------------------------
3/22/01 16424 Clay Colbert Reimbursement 98.74
- ---------------------------------------------------------------------------------------------------------------
3/23/01 16425 Chrysler Financial Corp lease car 620.32
- ---------------------------------------------------------------------------------------------------------------
3/23/01 16426 North County Times Advertising 4,628.08
- ---------------------------------------------------------------------------------------------------------------
3/23/01 16427 Pacific Bell phone service 1,424.56
- ---------------------------------------------------------------------------------------------------------------
3/23/01 16428 Proctor Companies Repairs and maintenance 318.83
conc.
- ---------------------------------------------------------------------------------------------------------------
3/23/01 16429 San Bernardino County Sun Advertising 2,023.00
- ---------------------------------------------------------------------------------------------------------------
3/23/01 16430 Union Tribune Advertising 944.00
- ---------------------------------------------------------------------------------------------------------------
3/23/01 16431 Universal Pictures Co Op Advertising 303.05
- ---------------------------------------------------------------------------------------------------------------
3/28/01 16432 MGM Films Film Rental 3,272.15
- ---------------------------------------------------------------------------------------------------------------
3/28/01 16433 Allen Elrod Reimbursement 1,101.75
- ---------------------------------------------------------------------------------------------------------------
3/29/01 16434 Coudres Family Limited PR10 rent 41,035.45
- ---------------------------------------------------------------------------------------------------------------
3/29/01 16435 Crown Point Design Uniforms 3,864.00
- ---------------------------------------------------------------------------------------------------------------
3/29/01 16436 Mission Grove Theater MG18 rent 62,795.90
- ---------------------------------------------------------------------------------------------------------------
3/29/01 16437 Mission Grove Theater II MG18 rent 31,982.75
- ---------------------------------------------------------------------------------------------------------------
3/29/01 16438 Oceanside Mission MM13 rent 66,947.53
Marketplace
- ---------------------------------------------------------------------------------------------------------------
3/29/01 16439 Redevelopment Agency SB20 rent 82,000.00
- ---------------------------------------------------------------------------------------------------------------
3/29/01 16440 Redevelopment Agency SB20 rent 12,500.00
- ---------------------------------------------------------------------------------------------------------------
3/29/01 16441 State Board of Licenses and Fees 1,206.00
Equalization
- ---------------------------------------------------------------------------------------------------------------
Page 5 of 17
- ---------------------------------------------------------------------------------------------------------------
3/29/01 16442 United Title Company Corp rent 4,983.30
- ---------------------------------------------------------------------------------------------------------------
3/30/01 16443 City of Riverside Licenses and permits MG18 4,054.36
- ---------------------------------------------------------------------------------------------------------------
TOTAL 966,330.05
- ---------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------
WIRE TRANSFERS
- ---------------------------------------------------------------------------------------------------------------
1-Mar 90 Pepsi Concession Supplies 3,556.25
- ---------------------------------------------------------------------------------------------------------------
91-93 Numbers previously used - -
- ---------------------------------------------------------------------------------------------------------------
1-Mar 94 Metropolitan Provisions Concession Supplies 8,841.65
- ---------------------------------------------------------------------------------------------------------------
5-Mar 95 Insight Direct Inc. Computer Supplies 1,258.39
- ---------------------------------------------------------------------------------------------------------------
4-Jan 96 Number previously used - -
- ---------------------------------------------------------------------------------------------------------------
7-Mar 97 20th Century Fox Film Rental 3,102.08
- ---------------------------------------------------------------------------------------------------------------
7-Mar 98 Buena Vista Film Rental 22,327.09
- ---------------------------------------------------------------------------------------------------------------
7-Mar 99 Miramax Films Film Rental 2,674.79
- ---------------------------------------------------------------------------------------------------------------
7-Mar 100 Newline Pictures Film Rental 2,402.03
- ---------------------------------------------------------------------------------------------------------------
7-Mar 101 Paramount Pictures Film Rental 39,451.65
- ---------------------------------------------------------------------------------------------------------------
7-Mar 102 Sony Picture Classics Film Rental 3,420.26
- ---------------------------------------------------------------------------------------------------------------
7-Mar 103 Universal Film Exchanges Film Rental 1,092.97
- ---------------------------------------------------------------------------------------------------------------
7-Mar 104 USA Films Film Rental 3,210.63
- ---------------------------------------------------------------------------------------------------------------
7-Mar 105 Warner Bros. Film Rental 14,118.45
- ---------------------------------------------------------------------------------------------------------------
106 Number previously used - -
- ---------------------------------------------------------------------------------------------------------------
8-Mar 107 Metropolitan Provisions Concession Supplies 8,043.35
- ---------------------------------------------------------------------------------------------------------------
14-Mar 108 20th Century Fox Film Rental 9,060.23
- ---------------------------------------------------------------------------------------------------------------
14-Mar 109 Buena Vista Film Rental 7,504.70
- ---------------------------------------------------------------------------------------------------------------
14-Mar 110 Miramax Films Film Rental 1,774.35
- ---------------------------------------------------------------------------------------------------------------
14-Mar 111 Newline Pictures Film Rental 281.76
- ---------------------------------------------------------------------------------------------------------------
14-Mar 112 Paramount Pictures Film Rental 16,157.76
- ---------------------------------------------------------------------------------------------------------------
14-Mar 113 Sony Picture Classics Film Rental 2,833.43
- ---------------------------------------------------------------------------------------------------------------
14-Mar 114 USA Films Film Rental 3,788.54
- ---------------------------------------------------------------------------------------------------------------
14-Mar 115 Warner Bros. Film Rental 17,318.63
- ---------------------------------------------------------------------------------------------------------------
4-Jan 116 Void - -
- ---------------------------------------------------------------------------------------------------------------
4-Jan 117 Number previously used - -
- ---------------------------------------------------------------------------------------------------------------
8-Mar 118 Pepsi Concession Supplies 3,376.58
- ---------------------------------------------------------------------------------------------------------------
15-Mar 119 Metropolitan Provisions Concession Supplies 13,849.78
- ---------------------------------------------------------------------------------------------------------------
21-Mar 120 20th Century Fox Film Rental 3,844.08
- ---------------------------------------------------------------------------------------------------------------
21-Mar 121 Buena Vista Film Rental 6,150.83
- ---------------------------------------------------------------------------------------------------------------
21-Mar 122 DreamWorks Distribution Film Rental 29,269.11
- ---------------------------------------------------------------------------------------------------------------
21-Mar 123 Miramax Films Film Rental 786.96
- ---------------------------------------------------------------------------------------------------------------
21-Mar 124 Newline Pictures Film Rental 2,200.08
- ---------------------------------------------------------------------------------------------------------------
21-Mar 125 Paramount Pictures Film Rental 10,127.78
- ---------------------------------------------------------------------------------------------------------------
21-Mar 126 Sony Picture Classics Film Rental 2,097.73
- ---------------------------------------------------------------------------------------------------------------
21-Mar 127 USA Films Film Rental 3,101.12
- ---------------------------------------------------------------------------------------------------------------
21-Mar 128 Warner Bros. Film Rental 6,714.88
- ---------------------------------------------------------------------------------------------------------------
28-Mar 129-0 20th Century Fox Film Rental 1,630.73
- ---------------------------------------------------------------------------------------------------------------
22-Mar 129-1 Metropolitan Provisions Concession Supplies 6,322.66
- ---------------------------------------------------------------------------------------------------------------
28-Mar 130 Buena Vista Film Rental 3,095.71
- ---------------------------------------------------------------------------------------------------------------
28-Mar 131 DreamWorks Distribution Film Rental 12,875.58
- ---------------------------------------------------------------------------------------------------------------
28-Mar 132 Miramax Films Film Rental 6,639.73
- ---------------------------------------------------------------------------------------------------------------
Page 6 of 17
- ---------------------------------------------------------------------------------------------------------------
28-Mar 133 Newline Pictures Film Rental 14,314.43
- ---------------------------------------------------------------------------------------------------------------
28-Mar 134 Paramount Pictures Film Rental 5,546.99
- ---------------------------------------------------------------------------------------------------------------
28-Mar 135 Sony Picture Classics Film Rental 2,746.89
- ---------------------------------------------------------------------------------------------------------------
28-Mar 136 USA Films Film Rental 2,394.91
- ---------------------------------------------------------------------------------------------------------------
28-Mar 137 Warner Bros. Film Rental 7,663.77
- ---------------------------------------------------------------------------------------------------------------
138-169 Numbers previously used -
- ---------------------------------------------------------------------------------------------------------------
26-Mar 170 Riverside County Prop taxes 54,644.22
Treasurer
- ---------------------------------------------------------------------------------------------------------------
22-Mar 171 Pepsi Concession Supplies 3,125.34
- ---------------------------------------------------------------------------------------------------------------
27-Mar 172 Sony Picture Prepaid Film Rental 27,500.00
- ---------------------------------------------------------------------------------------------------------------
20-Mar 173 Sony Pictures Prepaid Film Rental 32,200.00
- ---------------------------------------------------------------------------------------------------------------
29-Mar 174 Pepsi Concession Supplies 2,047.95
- ---------------------------------------------------------------------------------------------------------------
29-Mar 175 Metropolitan Provisions Concession Supplies 6,938.99
- ---------------------------------------------------------------------------------------------------------------
16-Mar 185 Metropolitan Provisions Concession Supplies 3,579.14
- ---------------------------------------------------------------------------------------------------------------
TOTAL 447,004.96
- ---------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------
DIRECT DEBITS TO UNION BANK OF CALIFORNIA ACCT # 0700494381
- ---------------------------------------------------------------------------------------------------------------
13-Mar Direct postage purchase 200.00
- ---------------------------------------------------------------------------------------------------------------
29-Mar Sales Tax (Feb) 12,653.00
- ---------------------------------------------------------------------------------------------------------------
29-Mar Wire trf - Int & Principle on Credit Facility Debt 55,802.87
- ---------------------------------------------------------------------------------------------------------------
31-Mar Bank Charges - A/P Account Activity 373.69
- ---------------------------------------------------------------------------------------------------------------
31-Mar Bank Charges - Payroll Account Activity 2,525.21
- ---------------------------------------------------------------------------------------------------------------
TOTAL 71,554.77
- ---------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------
TRANSFERS TO PAYROLL ACCOUNT
- ---------------------------------------------------------------------------------------------------------------
6-Mar UBOC Acct. # 07007494365 Mar 16th Payroll Run 90,000.00
- ---------------------------------------------------------------------------------------------------------------
22-Mar UBOC Acct. # 07007494365 Mar 30th Payroll Run 85,000.00
- ---------------------------------------------------------------------------------------------------------------
TOTAL 175,000.00
- ---------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------
TOTAL ACCOUNTS PAYABLE DISBURSEMENTS 1,659,889.78
- ---------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------
Page 7 of 17
I. CASH RECEIPTS AND DISBURSEMENTS (Continued)
B. (PAYROLL ACCOUNT)
- --------------------------------------------------------------------------------------- ---------------------
1. TOTAL RECEIPTS PER ALL PRIOR PAYROLL ACCOUNT REPORTS 400,535.93
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
2. LESS: TOTAL DISBURSEMENTS PER ALL PRIOR PAYROLL ACCOUNT REPORTS 358,793.82
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
3. BEGINNING BALANCE 41,742.11
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
4. RECEIPTS DURING CURRENT PERIOD 175,000.00
- --------------------------------------------------------------------------------------- ---------------------
TRANSFERRED FROM GENERAL ACCOUNT
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
5. BALANCE: 216,742.11
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
6. LESS: TOTAL DISBURSEMENTS DURING CURRENT PERIOD 283,813.12
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
7. ENDING BALANCE (67,071.01)
- --------------------------------------------------------------------------------------- ---------------------
- ------------------------------------------------------- -----------------------------------------------------
8. PAYROLL ACCOUNT NUMBER 07007494365
- ------------------------------------------------------- -----------------------------------------------------
DEPOSITORY NAME AND LOCATION Union Bank of California
- -------------------------------------------------------------------------------------------------------------
445 South Figueroa St., Los Angeles, CA 90051
- -------------------------------------------------------------------------------------------------------------
Page 8 of 17
TOTAL DISBURSEMENTS DURING CURRENT PERIOD (Payroll Account)
- ---------------------------------------------------------------------------------------------------------------------------
MARCH 2, 2001 PAYROLL RUN - SUMMARY OF EXPENSE
- ---------------------------------------------------------------------------------------------------------------------------
Wages Earned - Normal Recurring 66,520.58
- ---------------------------------------------------------------------------------------------------------------------------
Wages Earned - Adjustments & Voids
- ---------------------------------------------------------------------------------------------------------------------------
Wage Garnishments -
- ---------------------------------------------------------------------------------------------------------------------------
Federal Income Taxes 8,783.75
- ---------------------------------------------------------------------------------------------------------------------------
Social Security 10,602.86
- ---------------------------------------------------------------------------------------------------------------------------
Medicare 2,479.77
- ---------------------------------------------------------------------------------------------------------------------------
State Unemployment Taxes - Employer 1,908.39
- ---------------------------------------------------------------------------------------------------------------------------
Federal Unemployment Taxes 492.49
- ---------------------------------------------------------------------------------------------------------------------------
State Unemployment Taxes - Employee 769.61
- ---------------------------------------------------------------------------------------------------------------------------
State Income Taxes 1,702.07
- ---------------------------------------------------------------------------------------------------------------------------
93,259.52
- ---------------------------------------------------------------------------------------------------------------------------
March 2, 2001 Payroll Run - Summary of Disbursements
- ---------------------------------------------------------------------------------------------------------------------------
ADP Checks Issued 93,259.52
- ---------------------------------------------------------------------------------------------------------------------------
Manual Checks, etc. 429.72
- ---------------------------------------------------------------------------------------------------------------------------
TOTAL 93,689.24
- ---------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
MARCH 16, 2001 PAYROLL RUN - SUMMARY OF EXPENSE
- ---------------------------------------------------------------------------------------------------------------------------
Wages Earned - Normal Recurring 63,544.42
- ---------------------------------------------------------------------------------------------------------------------------
Wages Earned - Adjustments & Voids
- ---------------------------------------------------------------------------------------------------------------------------
Wage Garnishments
- ---------------------------------------------------------------------------------------------------------------------------
Federal Income Taxes 8,509.46
- ---------------------------------------------------------------------------------------------------------------------------
Social Security 10,160.72
- ---------------------------------------------------------------------------------------------------------------------------
Medicare 2,376.25
- ---------------------------------------------------------------------------------------------------------------------------
State Unemployment Taxes - Employer 1,579.81
- ---------------------------------------------------------------------------------------------------------------------------
Federal Unemployment Taxes 407.69
- ---------------------------------------------------------------------------------------------------------------------------
State Unemployment Taxes - Employee 737.44
- ---------------------------------------------------------------------------------------------------------------------------
State Income Taxes 1,732.15
- ---------------------------------------------------------------------------------------------------------------------------
89,047.94
- ---------------------------------------------------------------------------------------------------------------------------
March 16, 2001 Payroll Run - Summary of Disbursements
- ---------------------------------------------------------------------------------------------------------------------------
ADP Checks Issued 88,153.48
- ---------------------------------------------------------------------------------------------------------------------------
Manual Checks Issued 894.46
- ---------------------------------------------------------------------------------------------------------------------------
TOTAL 89,047.94
- ---------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
MARCH 30, 2001 PAYROLL RUN - SUMMARY OF EXPENSE
- ---------------------------------------------------------------------------------------------------------------------------
Wages Earned - Normal Recurring 61,887.07
- ---------------------------------------------------------------------------------------------------------------------------
Wages Earned - Adjustments & Voids
- ---------------------------------------------------------------------------------------------------------------------------
Wage Garnishments
- ---------------------------------------------------------------------------------------------------------------------------
Federal Income Taxes 11,977.16
- ---------------------------------------------------------------------------------------------------------------------------
Social Security 11,605.88
- ---------------------------------------------------------------------------------------------------------------------------
Medicare 2,714.36
- ---------------------------------------------------------------------------------------------------------------------------
State Unemployment Taxes - Employer 1,504.13
- ---------------------------------------------------------------------------------------------------------------------------
Federal Unemployment Taxes 388.17
- ---------------------------------------------------------------------------------------------------------------------------
State Unemployment Taxes - Employee 842.34
- ---------------------------------------------------------------------------------------------------------------------------
State Income Taxes 2,713.72
- ---------------------------------------------------------------------------------------------------------------------------
93,632.83
- ---------------------------------------------------------------------------------------------------------------------------
March 30, 2001 Payroll Run - Summary of Disbursements
- ---------------------------------------------------------------------------------------------------------------------------
ADP Checks Issued 93,632.83
- ---------------------------------------------------------------------------------------------------------------------------
Manual Checks Issued 7,443.11
- ---------------------------------------------------------------------------------------------------------------------------
TOTAL 101,075.94
- ---------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
TOTAL PAYROLL ACCOUNT DISBURSEMENTS 283,813.12
- ---------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
Page 9 of 17
I. CASH RECEIPTS AND DISBURSEMENTS (Continued)
B. (TAX ACCOUNT)
- --------------------------------------------------------------------------------------- ---------------------
1. TOTAL RECEIPTS PER ALL PRIOR TAX ACCOUNT REPORTS 25,000.00
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
2. LESS: TOTAL DISBURSEMENTS PER ALL PRIOR TAX ACCOUNT REPORTS 12,214.29
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
3. BEGINNING BALANCE 12,785.71
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
4. RECEIPTS DURING CURRENT PERIOD
- --------------------------------------------------------------------------------------- ---------------------
TRANSFERRED FROM GENERAL ACCOUNT 0.00
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
5. BALANCE: 12,785.71
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
6. LESS: TOTAL DISBURSEMENTS DURING CURRENT PERIOD
- --------------------------------------------------------------------------------------- ---------------------
Date: 2/23/01, To: CA State Board of Equalization 12,653.00
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
TOTAL DISBURSEMENTS THIS PERIOD 12,653.00
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
7. ENDING BALANCE 132.71
- --------------------------------------------------------------------------------------- ---------------------
- ------------------------------------------------------- -----------------------------------------------------
8. TAX ACCOUNT NUMBER 02180038712
- ------------------------------------------------------- -----------------------------------------------------
DEPOSITORY NAME AND LOCATION Union Bank of California
- -------------------------------------------------------------------------------------------------------------
445 South Figueroa St., Los Angeles, CA 90051
- -------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------
D. SUMMARY SCHEDULE OF CASH
- --------------------------------------------------------------------------------------- ---------------------
ENDING BALANCE FOR PERIOD
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
GENERAL ACCOUNT (287,787.29)
- --------------------------------------------------------------------------------------- ---------------------
PAYROLL ACCOUNT (67,071.01)
- --------------------------------------------------------------------------------------- ---------------------
TAX ACCOUNT 132.71
- --------------------------------------------------------------------------------------- ---------------------
OTHER ACCOUNTS *: 1,439,153.19
- --------------------------------------------------------------------------------------- ---------------------
OTHER MONIES *: 0.00
- --------------------------------------------------------------------------------------- ---------------------
PETTY CASH ** 0.00
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
TOTAL CASH AVAILABLE 1,084,427.60
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
* SPECIFY THE FUND AND THE TYPE OF HOLDING (I.E., CD, SAVINGS ACCOUNT,
INVESTMENT SECURITIES, ETC.) AND THE DEPOSITORY NAME, LOCATION, AND ACCOUNT
NUMBER
** ATTACH EXHIBIT ITEMIZING ALL PETTY CASH TRANSACTIONS
NOTE: ATTACH COPIES OF ALL MONTHLY ACCOUNTS FROM FINANCIAL INSTITUTIONS FOR
EACH ACCOUNT
Page 10 of 17
OTHER ACCOUNTS (SUPPLEMENT TO SCHEDULE I.D.)
- ---------------------------------------------------------------- --------------------- ----------------------
BANK / ACCOUNT TYPE Account # Balance
- ---------------------------------------------------------------- --------------------- ----------------------
- ---------------------------------------------------------------- --------------------- ----------------------
BANK OF AMERICA
- ---------------------------------------------------------------- --------------------- ----------------------
Master Concentration 14501-09188 0.00
- ---------------------------------------------------------------- --------------------- ----------------------
Merchant 14501-09189 0.00
- ---------------------------------------------------------------- --------------------- ----------------------
Moviefone 14502-09192 0.00
- ---------------------------------------------------------------- --------------------- ----------------------
- ---------------------------------------------------------------- --------------------- ----------------------
UNION BANK OF CALIFORNIA
- ---------------------------------------------------------------- --------------------- ----------------------
Master Concentration 0700494-349 1,382,017.99
- ---------------------------------------------------------------- --------------------- ----------------------
FOB Cinemastar Luxury Cinemas, Inc. 0700494-373 3,378.70
- ---------------------------------------------------------------- --------------------- ----------------------
Merchant 0700494-357 53,756.50
- ---------------------------------------------------------------- --------------------- ----------------------
Moviefone 0700494-146 0.00
- ---------------------------------------------------------------- --------------------- ----------------------
- --------------------------------------------------------------- --------------------- -----------------------
Total 1,439,153.19
- ---------------------------------------------------------------- --------------------- ----------------------
- ---------------------------------------------------------------- --------------------- ----------------------
- ---------------------------------------------------------------- --------------------- ----------------------
Page 11 of 17
II. STATUS OF PAYMENTS TO SECURED CREDITORS, LESSORS,
AND OTHER PARTIES TO EXECUTORY CONTRACTS
- ---------------------------------------------------------------------------------------------------------------------
CREDITOR, LESSOR, ETC. FREQUENCY OF PAYMENTS AMOUNT OF PAYMENT POST-PETITION TOTAL DUE
(Mo./Qtr.) PAYMENTS NOT MADE
(NUMBER)
- ---------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------
Oceanside Mission Market Monthly $57,678.10 0 $0.00
Place (Lessor MM 13 Theater)
- ---------------------------------------------------------------------------------------------------------------------
Coudres Family Ptrship Monthly $35,740.55 0 $0.00
(Lessor PR 10 Theater)
- ---------------------------------------------------------------------------------------------------------------------
MDA - San Bernardino Monthly $96,851.61 0 $0.00
(Lessor SB20 Thtr)
- ---------------------------------------------------------------------------------------------------------------------
Mission Grove Theater Monthly $89,050.40 0 $0.00
Properties I&II (Lessor MG
18 Theater)
- ---------------------------------------------------------------------------------------------------------------------
United Title Company Monthly $4,983.40 0 $0.00
(Lessor - Corp Offices)
- ---------------------------------------------------------------------------------------------------------------------
Union Bank of California Monthly $57,472.22 0 $0.00
($2,000,000 loan, principal
and interest)
- ---------------------------------------------------------------------------------------------------------------------
Midland Loan Services Monthly $17,646.36 3 $17,646.36
(Mortgage Note on Chula
Vista Property)
- ---------------------------------------------------------------------------------------------------------------------
Union Bank of California Monthly $646.80 0 $0.00
(Auto Lease)
- ---------------------------------------------------------------------------------------------------------------------
III. TAX LIABILITIES
- ------------------------------------------------------------------------------------ ------------------------
FOR THE REPORTING PERIOD:
- ------------------------------------------------------------------------------------ ------------------------
GROSS SALES SUBJECT TO SALES TAX 141,530.23
- ------------------------------------------------------------------------------------ ------------------------
TOTAL WAGES PAID 283,813.12
- ------------------------------------------------------------------------------------ ------------------------
- --------------------------------------- ----------------------- ---------------------- ----------------------
TOTAL POST-PETITION AMOUNT DELINQUENT DATE DELINQUENT
AMOUNTS OWING AMOUNT DUE
- --------------------------------------- ----------------------- ---------------------- ----------------------
- --------------------------------------- ----------------------- ---------------------- ----------------------
FEDERAL WITHHOLDING
- --------------------------------------- ----------------------- ---------------------- ----------------------
STATE WITHHOLDING
- --------------------------------------- ----------------------- ---------------------- ----------------------
FICA-EMPLOYER'S SHARE
- --------------------------------------- ----------------------- ---------------------- ----------------------
FICA - EMPLOYEE'S SHARE
- --------------------------------------- ----------------------- ---------------------- ----------------------
FEDERAL UNEMPLOYMENT
- --------------------------------------- ----------------------- ---------------------- ----------------------
STATE WITHHOLDING
- --------------------------------------- ----------------------- ---------------------- ----------------------
SALES AND USE 10,968.61 0.00
- --------------------------------------- ----------------------- ---------------------- ----------------------
REAL PROPERTY 17,445.59 0.00
- --------------------------------------- ----------------------- ---------------------- ----------------------
OTHER (SPECIFY)
- --------------------------------------- ----------------------- ---------------------- ----------------------
- --------------------------------------- ----------------------- ---------------------- ----------------------
TOTAL 28,414.20 0.00
- --------------------------------------- ----------------------- ---------------------- ----------------------
Page 12 of 17
IV. AGING OF ACCOUNTS PAYABLE AND ACCOUNTS RECEIVABLE
- ---------------------------- ------------------------------- ------------------------------------------------
ACCOUNTS RECEIVABLE
ACCOUNTS PAYABLE * ------------------------ -----------------------
(POST-PETITION ONLY) Pre-Petition Post-Petition
- ---------------------------- ------------------------------- ------------------------ -----------------------
30 days or less 140,575.68
- ---------------------------- ------------------------------- ------------------------ -----------------------
31-60 days
- ---------------------------- ------------------------------- ------------------------ -----------------------
61-90 days
- ---------------------------- ------------------------------- ------------------------ -----------------------
91-120 days
- ---------------------------- ------------------------------- ------------------------ -----------------------
Over 120 days
- ---------------------------- ------------------------------- ------------------------ -----------------------
TOTALS: 140,575.68
- ---------------------------- ------------------------------- ------------------------ -----------------------
V. INSURANCE COVERAGE
- ----------------------- --------------------- -------------------- --------------------- --------------------
NAME OF CARRIER AMOUNT OF COVERAGE POLICY EXPIRATION PREMIUM PAID
DATE THROUGH:
- ----------------------- --------------------- -------------------- --------------------- --------------------
General Liability Royal Insurance of $2,000,000 10/14/01 4/14/01
America
- ----------------------- --------------------- -------------------- --------------------- --------------------
Umbrella Liability St. Paul's $10,000,000 10/14/01 4/14/01
Insurance Company
- ----------------------- --------------------- -------------------- --------------------- --------------------
Automobile Liability Royal Insurance of $1,000,000 10/14/01 4/14/01
America
- ----------------------- --------------------- -------------------- --------------------- --------------------
Directors & Officers National Union Fire $5,000,000 6/20/01 4/14/01
Liability Insurance Company
- ----------------------- --------------------- -------------------- --------------------- --------------------
Workers Compensation State (of CA) Variable n/a 4/14/01
Compensation
Insurance Fund
- ----------------------- --------------------- -------------------- --------------------- --------------------
Property Royal Insurance of $35,212,960 10/14/01 4/14/01
America
- ----------------------- --------------------- -------------------- --------------------- --------------------
Vacant Property Royal Indemnity $1,500,000 12/14/01 4/14/01
Company
- ----------------------- --------------------- -------------------- --------------------- --------------------
Foreign Package ACE USA $1,000,000 10/15/01 4/14/01
- ----------------------- --------------------- -------------------- --------------------- --------------------
VI. UNITED STATES TRUSTEE QUARTERLY FEES
(TOTAL PAYMENTS)
- ------------------- ------------------- --------------- ----------------- ----------------- -----------------
Qtrly Period Total Qtrly Fees Date Paid Amount Paid Qtrly Fee Still
Ending Disbursements Owing
- ------------------- ------------------- --------------- ----------------- ----------------- -----------------
- ------------------- ------------------- --------------- ----------------- ----------------- -----------------
- ------------------- ------------------- --------------- ----------------- ----------------- -----------------
- ------------------- ------------------- --------------- ----------------- ----------------- -----------------
* POST-PETITION ACCOUNTS PAYABLE SHOULD NOT INCLUDE PROFESSIONALS' FEES AND
EXPENSES WHICH HAVE BEEN INCURRED BUT NOT YET AWARDED BY THE COURT.
POST-PETITION ACCOUNTS PAYABLE SHOULD INCLUDE PROFESSIONALS' FEES AND EXPENSES
AUTHORIZED BY COURT ORDER BUT WHICH REMAIN UNPAID AS OF THE CLOSE OF THE PERIOD
OF THE REPORT.
Page 13 of 17
VII. PROFIT AND LOSS STATEMENT (ACCRUAL BASIS ONLY)
Cumulative
Current Month Post-Petition
----------------- ------------------
Admission Revenue 723,954 2,659,515
Concession Revenue 277,456 1,010,664
Video Revenue 15,805 52,694
Screen Advertising 7,375 22,126
Other Revenues 1,393 5,991
- -----------------------------------------------------------------------------
Theater Revenue 1,025,983 3,750,990
Film Rental Expense 293,608 1,324,998
Concession COGS 37,404 145,290
- -----------------------------------------------------------------------------
Theater Cost of Goods Sold 331,011 1,470,288
- -----------------------------------------------------------------------------
Theater Gross Margin 694,972 2,280,702
- -----------------------------------------------------------------------------
Salaries 114,489 375,381
Payroll Taxes 12,850 43,213
Rent Expense 268,111 927,365
CAM Expense 33,420 97,075
Utility Expense 84,340 192,477
Advertising Expense 20,644 58,575
Co-op Advertising Expense 4,615 14,876
Repairs & Maint Expense 13,992 39,160
Janitorial Services 26,590 72,404
Janitorial Supplies Expense 489 15,209
Insurance Expense 20,069 57,830
Property Taxes 25,937 357,203
Security Expense 4,489 15,600
Travel & Entertainment 0 1,006
Vehicle Expense 0 0
Supplies Expense 3,347 17,210
Banking Fees 1,899 24,857
Equipment Rental Expense 1,324 3,993
Outside Services Expense 0 1,500
Other Theater Expense 9,635 25,161
Pre-Opening Expense 0 0
- -----------------------------------------------------------------------------
Theater Operating Expenses 646,239 2,340,095
- -----------------------------------------------------------------------------
Operating Income 48,733 (59,393)
- -----------------------------------------------------------------------------
General & Administrative Expense 84,447 304,788
Deprec & Amortization 209,888 664,931
Interest Expense 48,605 146,237
Interest/Dividend Income (4,181) (20,456)
Taxes 482 1,443
Non-Recurring Income/Expense 0 (90,000)
- -----------------------------------------------------------------------------
Non-Operating (Income)/Expense 339,241 1,006,944
- -----------------------------------------------------------------------------
Net Income (290,508) (1,066,336)
=============================================================================
Page 14 of 17
VIII. BALANCE SHEET (ACCRUAL BASIS ONLY)
Current Month End
--------------------
Cash 1,724,037
Accts Receivable (25,752)
Conc Inventory 40,696
Concession Rebates 8,584
Supplies Inventory 9,777
Prepaids 379,840
- ---------------------------------------------------------------------------
Current Assets 2,137,182
Fixed Assets 24,350,280
Accumulated Depreciation (13,136,065)
- ---------------------------------------------------------------------------
Net Fixed Assets 11,214,215
Deposits-Leases 43,789
Deposits-Concession 965
Deposits 200
Investment CLT SA de CV 22,875
Investment in Mexico 339,643
Goodwill - Mexico (132,046)
- ---------------------------------------------------------------------------
Other Assets 275,426
- ---------------------------------------------------------------------------
Assets 13,626,823
===========================================================================
Accounts Payable 2,450,167
Accrued Payroll 216,626
Other Accruals 664,866
Deferred Revenue 465,427
Concession Advances 44,234
Short Term Notes Payable 0
- ---------------------------------------------------------------------------
Current Liabilities 3,841,320
Capital Leases (10,401)
Credit Facility Debt 2,245,000
Notes Payable 1,717,721
- ---------------------------------------------------------------------------
Debt and Capital Leases 3,952,321
Deferred Rent Accrual 4,156,581
Intercompany Accounts 2,125,024
- ---------------------------------------------------------------------------
Long-Term Liabilities 6,281,604
Common Stock 62,892
Additional Paid In Capital 29,642,292
Treasury Stock 0
Retained Earnings (26,278,047)
Current Year Retained Earnings (3,875,558)
Current Year Dividends 0
- ---------------------------------------------------------------------------
Shareholders' Equity (448,422)
- ---------------------------------------------------------------------------
Liabilities & Equity 13,626,823
===========================================================================
Page 15 of 17
STATEMENT OF CASH FLOWS (Supplement to Balance Sheet)
Current Month
--------------
CASH FLOW FROM OPERATIONS
Net Income / (Loss) (290,508)
Depreciation & Amortization 209,888
Non-Cash Interest Expense 0
Deferred Rent 13,950
Changes in Operating Assets & Liabilities:
Change in Current Assets 26,980
Change in Other Assets (25)
Change in Accounts Payable (509,782)
Change in Other Liabilities (46,397)
- --------------------------------------------------------------------------
Net Cash Provided By / (Used In) Operations (595,893)
CASH FLOW FROM INVESTING ACTIVITIES
Purchase of Property (3,250)
Sale of Property 0
- --------------------------------------------------------------------------
Net Cash Provided By / (Used In) Investing Activities (3,250)
CASH FLOW FROM FINANCING ACTIVITIES
Payment of Debt & Capital Lease Obligations (35,000)
Proceeds from Debt Issuance / Drawdown 0
Proceeds from Issuance of Common Stock 0
- --------------------------------------------------------------------------
Net Cash Provided By / (Used In) Financing Activities (35,000)
- --------------------------------------------------------------------------
Net Increase / (Decrease) in Cash (634,143)
- --------------------------------------------------------------------------
Beginning of Period Cash Balance 2,358,180
- --------------------------------------------------------------------------
- --------------------------------------------------------------------------
End of Period Cash Balance 1,724,037
==========================================================================
Page 16 of 17
IX. QUESTIONNAIRE
1. Has the debtor-in-possession made any payments on its pre-petition
unsecured debt, except as has been authorized by the court?
No X
Yes
Explain:
2. Has the debtor-in-possession during this reporting period provided
compensation or remuneration to any officers, directors, principals or
other insiders without appropriate authorization?
No X
Yes
Amount, to whom, and for what period:
3. State what progress was made during the reporting period toward filing a
plan of reorganization: Debtor has prepared detailed financial projections
and anticipates getting a plan on file by the end of April 2001.
4. Describe potential future events which may have a significant impact
on the case.
5. Attach copies of all Orders granting relief from the automatic stay that
were entered during the reporting period.
6. Did you receive any exempt income this month, which is not set forth in
the operating report?
No X
Yes
If yes, please set forth the amounts and the source of the income.
I, DONALD H. HARNOIS, JR., CHIEF FINANCIAL OFFICER, declare under penalty of
perjury that I have fully read and understood the foregoing debtor-in-possession
operating report and that the information contained herein is true and complete
to the best of my knowledge.
Date: April 18, 2001
s/ Donald H. Harnois, Jr.
-----------------------------------
Principal for debtor-in-possession