EXHIBIT 99.4
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: APRIL 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: May 17, 2001
s/ Christopher Celentino
---------------------------------
Attorney for Debtor-In-Possession
Page 1 of 16
- ------------------------------------------------------------------------
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. 4
FOR THE MONTH ENDING: APRIL 30, 2001
I. CASH RECEIPTS AND DISBURSEMENTS
A. (GENERAL ACCOUNT *)
- --------------------------------------------------------------------------------------- ---------------------
1. TOTAL RECEIPTS PER ALL PRIOR GENERAL ACCOUNT REPORTS 3,420,787.53
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
2. LESS: TOTAL DISBURSEMENTS PER ALL PRIOR GENERAL ACCOUNT REPORTS 3,708,574.82
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
3. BEGINNING BALANCE (287,787.29)
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
4. RECEIPTS DURING CURRENT PERIOD
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
ACCOUNTS RECEIVABLE - PRE-FILING 0.00
- --------------------------------------------------------------------------------------- ---------------------
ACCOUNTS RECEIVABLE - POST-FILING 0.00
- --------------------------------------------------------------------------------------- ---------------------
GENERAL SALES 1,114,608.83
- --------------------------------------------------------------------------------------- ---------------------
OTHER (SPECIFY) Advanced ticket sales, Mexico mgmnt fees 94,063.42
- --------------------------------------------------------------------------------------- ---------------------
OTHER ** (SPECIFY) 0.00
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
TOTAL RECEIPTS THIS PERIOD 1,208,672.25
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
5. BALANCE: 920,884.96
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
6. LESS: TOTAL DISBURSEMENTS DURING CURRENT PERIOD 1,444,067.47
- --------------------------------------------------------------------------------------- ---------------------
(Total from Page 2)
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
7. ENDING BALANCE (523,182.51)
- --------------------------------------------------------------------------------------- ---------------------
- ------------------------------------------------------- -----------------------------------------------------
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 16
TOTAL DISBURSEMENTS DURING CURRENT PERIOD (General Account)
- ----------------------------------------------------------------------------------------------------------------
DATE CHECK # PAYEE PURPOSE AMOUNT
- ----------------------------------------------------------------------------------------------------------------
CHECKS
- ----------------------------------------------------------------------------------------------------------------
4/4/01 16444 MGM Films Film Rental 1,770.68
- ----------------------------------------------------------------------------------------------------------------
4/6/01 16445 A&B Carpet cleaning Maintenance 8,371.25
- ----------------------------------------------------------------------------------------------------------------
4/6/01 16446 Void -
- ----------------------------------------------------------------------------------------------------------------
4/6/01 16447 American Express Movie Ad mylars 610.90
- ----------------------------------------------------------------------------------------------------------------
4/6/01 16448 AON Risk Services Insurance 514.00
- ----------------------------------------------------------------------------------------------------------------
4/6/01 16449 Best Access System Maintenance 4.86
- ----------------------------------------------------------------------------------------------------------------
4/6/01 16450 C.A.P.S. Alarm Monitoring 75.00
- ----------------------------------------------------------------------------------------------------------------
4/6/01 16451 City Of Riverside Utilities 11,263.44
- ----------------------------------------------------------------------------------------------------------------
4/6/01 16452 City Of San Bernardino SB Trash 561.00
- ----------------------------------------------------------------------------------------------------------------
4/6/01 16453 Continental Stock Outside Services 553.47
Transfer
- ----------------------------------------------------------------------------------------------------------------
4/6/01 16454 James Cowan Security 994.37
- ----------------------------------------------------------------------------------------------------------------
4/6/01 16455 DC Electronics Alarm Monitoring 215.00
- ----------------------------------------------------------------------------------------------------------------
4/6/01 16456 De Lage Landen Phone systems 69.09
- ----------------------------------------------------------------------------------------------------------------
4/6/01 16457 Eastern Municipal Water Utilities 100.16
Dist
- ----------------------------------------------------------------------------------------------------------------
4/6/01 16458 Emeritus Comm Telephone 736.43
- ----------------------------------------------------------------------------------------------------------------
4/6/01 16459 Gold Medal Products Repairs & Maintenance 24.77
- ----------------------------------------------------------------------------------------------------------------
4/6/01 16460 The Guardian Insurance 1,685.20
- ----------------------------------------------------------------------------------------------------------------
4/6/01 16461 Indep Marketing Edge Dues & Subscription 147.50
- ----------------------------------------------------------------------------------------------------------------
4/6/01 16462 Inland Empire Glass Repairs & Maintenance 125.00
- ----------------------------------------------------------------------------------------------------------------
4/6/01 16463 Janitorial Maint Janitorial Maintenance 14,132.00
- ----------------------------------------------------------------------------------------------------------------
4/6/01 16464 JLA Credit Trash compactor lease 369.58
- ----------------------------------------------------------------------------------------------------------------
4/6/01 16465 AM LaSalle Electric Repairs & Maintenance 137.75
- ----------------------------------------------------------------------------------------------------------------
4/6/01 16466 Kombiz Lavasany Reimbursement 155.62
- ----------------------------------------------------------------------------------------------------------------
4/6/01 16467 Los Angeles Times Corp Paper 18.00
- ----------------------------------------------------------------------------------------------------------------
4/6/01 16468 Manulife Financial 401k 1,808.48
- ----------------------------------------------------------------------------------------------------------------
4/6/01 16469 National Envior Waste Trash MG18 2,520.45
- ----------------------------------------------------------------------------------------------------------------
4/6/01 16470 National Screen Service Advertising 59.46
- ----------------------------------------------------------------------------------------------------------------
4/6/01 16471 Pacific Bell Telephone 1,433.58
- ----------------------------------------------------------------------------------------------------------------
4/6/01 16472 Paramount Pictures Co Op Advertising 25.00
- ----------------------------------------------------------------------------------------------------------------
4/6/01 16473 Patricia Crotts Gift Cert reimburse 34.00
- ----------------------------------------------------------------------------------------------------------------
4/6/01 16474 Practical Automation Repairs & Maintenance 548.00
- ----------------------------------------------------------------------------------------------------------------
4/6/01 16475 Proctor Companies Repairs & Maintenance 55.92
Concess
- ----------------------------------------------------------------------------------------------------------------
4/6/01 16476 Pure Flo Water Corp Water 22.60
- ----------------------------------------------------------------------------------------------------------------
4/6/01 16477 Reel Source Outside Services 350.00
- ----------------------------------------------------------------------------------------------------------------
4/6/01 16478 SDG&E Utilities 14,820.81
- ----------------------------------------------------------------------------------------------------------------
4/6/01 16479 Sky Courier Film Transport 54.60
- ----------------------------------------------------------------------------------------------------------------
4/6/01 16480 Solomon Friedman Co Op Advertising 59.62
- ----------------------------------------------------------------------------------------------------------------
4/6/01 16481 Southern California Utilities 18,437.76
Edison
- ----------------------------------------------------------------------------------------------------------------
4/6/01 16482 Staples Office Supplies 280.34
- ----------------------------------------------------------------------------------------------------------------
4/6/01 16483 Structural Termite & Maintenance 480.00
Pest
- ----------------------------------------------------------------------------------------------------------------
4/6/01 16484 Verizon California Telephone 290.60
- ----------------------------------------------------------------------------------------------------------------
4/6/01 16485 Waxie Sanitary Supply Janitorial Supplies 158.56
- ----------------------------------------------------------------------------------------------------------------
4/6/01 16486 West Coast Products Repairs and Maintenance 149.50
- ----------------------------------------------------------------------------------------------------------------
4/6/01 16487 Sony Picture Classics Co Op Advertising 46.00
- ----------------------------------------------------------------------------------------------------------------
Page 3 of 16
- ----------------------------------------------------------------------------------------------------------------
4/6/01 16488 Airgas Concessions 123.60
- ----------------------------------------------------------------------------------------------------------------
4/6/01 16489 Heritage Foods Concessions 785.18
- ----------------------------------------------------------------------------------------------------------------
4/6/01 16490 Airborne Express Film Transport 361.40
- ----------------------------------------------------------------------------------------------------------------
4/9/01 16491 Media Tech Source Projection Supplies 416.49
- ----------------------------------------------------------------------------------------------------------------
4/9/01 16492 Airborne Express Film Transport 195.00
- ----------------------------------------------------------------------------------------------------------------
4/10/01 16493 Bill & Vivian Becker Repairs & Maintenance 596.00
- ----------------------------------------------------------------------------------------------------------------
4/12/01 16494 Frank Sidley Gift Cert reimburse 41.00
- ----------------------------------------------------------------------------------------------------------------
4/12/01 16495 Van Asch Janitorial Janitorial Maintenance 937.90
- ----------------------------------------------------------------------------------------------------------------
4/12/01 16496 MGM Films Film Rental 17,322.82
- ----------------------------------------------------------------------------------------------------------------
4/13/01 16497 Otis Spunkmeyer Concessions 212.50
- ----------------------------------------------------------------------------------------------------------------
4/13/01 16498 Coronado Island Marriott Gift Cert reimburse 194.00
- ----------------------------------------------------------------------------------------------------------------
4/13/01 16499 Juan Mendez Gift Cert reimburse 22.50
- ----------------------------------------------------------------------------------------------------------------
4/13/01 16500 Manulife Financial 401k 2,596.71
- ----------------------------------------------------------------------------------------------------------------
4/13/01 16501 Scripps Health Gift Cert reimburse 160.00
- ----------------------------------------------------------------------------------------------------------------
4/13/01 16502 MGM Films Film Rental 2,373.81
- ----------------------------------------------------------------------------------------------------------------
4/18/01 16503 MGM Films Film Rental 6,200.17
- ----------------------------------------------------------------------------------------------------------------
4/19/01 16504 A&B Carpet cleaning Maintenance 2,280.45
- ----------------------------------------------------------------------------------------------------------------
4/19/01 16505 Airborne Express Film Transport 156.00
- ----------------------------------------------------------------------------------------------------------------
4/19/01 16506 Armored Transport Cash Transport 660.00
- ----------------------------------------------------------------------------------------------------------------
4/19/01 16507 Blytheco Computer Maintenance 225.00
- ----------------------------------------------------------------------------------------------------------------
4/19/01 16508 Brake Water System Film Transport 1,182.00
- ----------------------------------------------------------------------------------------------------------------
4/19/01 16509 City Clerk Licenses 735.13
- ----------------------------------------------------------------------------------------------------------------
4/19/01 16510 City of Oceanside Utilities 1,653.31
- ----------------------------------------------------------------------------------------------------------------
4/19/01 16511 City Of Riverside Utilities 12,376.59
- ----------------------------------------------------------------------------------------------------------------
4/19/01 16512 City Of San Bernardino Security 1,212.12
- ----------------------------------------------------------------------------------------------------------------
4/19/01 16513 Dept of Industrial Licenses and Permits 2,610.00
Relations
- ----------------------------------------------------------------------------------------------------------------
4/19/01 16514 Eastern Municipal Water Utilities 184.88
Dist
- ----------------------------------------------------------------------------------------------------------------
4/19/01 16515 Don Harnois Reimbursement 321.75
- ----------------------------------------------------------------------------------------------------------------
4/19/01 16516 Inland Lighting Supplies Operating Supplies 153.84
- ----------------------------------------------------------------------------------------------------------------
4/19/01 16517 Murphy's Printing Office Supplies 7,206.53
- ----------------------------------------------------------------------------------------------------------------
4/19/01 16518 North County Times Advertising 4,796.08
- ----------------------------------------------------------------------------------------------------------------
4/19/01 16519 Pacific Bell Telephone 656.51
- ----------------------------------------------------------------------------------------------------------------
4/19/01 16520 Paramount Pictures Co Op Advertising 773.00
- ----------------------------------------------------------------------------------------------------------------
4/19/01 16521 The Press Enterprise Advertising 17,600.31
- ----------------------------------------------------------------------------------------------------------------
4/19/01 16522 Prudential Insurance 5,099.37
- ----------------------------------------------------------------------------------------------------------------
4/19/01 16523 Prudential Insurance 632.44
- ----------------------------------------------------------------------------------------------------------------
4/19/01 16524 San Bernardino County Sun Advertising 8,205.13
- ----------------------------------------------------------------------------------------------------------------
4/19/01 16525 Sky Courier Film Transport 36.40
- ----------------------------------------------------------------------------------------------------------------
4/19/01 16526 Southern California Utilities 13,678.18
Edison
- ----------------------------------------------------------------------------------------------------------------
4/19/01 16527 Structural Termite & Maintenance 255.00
Pest
- ----------------------------------------------------------------------------------------------------------------
4/19/01 16528 Union Tribune Advertising 755.20
- ----------------------------------------------------------------------------------------------------------------
4/19/01 16529 United Handicap Assembled Office Supplies 203.18
- ----------------------------------------------------------------------------------------------------------------
4/19/01 16530 Waxie Sanitary Supply Janitorial Supplies 5,231.11
- ----------------------------------------------------------------------------------------------------------------
4/19/01 16531 Western Municipal Water Utilities 338.69
- ----------------------------------------------------------------------------------------------------------------
4/19/01 16532 Airgas Concessions 50.00
- ----------------------------------------------------------------------------------------------------------------
4/23/01 16533 CinemaStar Luxury Petty Cash 611.88
- ----------------------------------------------------------------------------------------------------------------
Page 4 of 16
- ----------------------------------------------------------------------------------------------------------------
Theaters
- ----------------------------------------------------------------------------------------------------------------
4/27/01 16534 Airborne Express Film Transport 382.20
- ----------------------------------------------------------------------------------------------------------------
4/27/01 16535 California Choice Benefit Emp. Benefits 1,600.00
- ----------------------------------------------------------------------------------------------------------------
4/27/01 16536 Inland Lighting Supplies Operating Supplies 378.40
- ----------------------------------------------------------------------------------------------------------------
4/27/01 16537 Manulife Financial 401k 1,173.69
- ----------------------------------------------------------------------------------------------------------------
4/27/01 16538 Sky Courier Film Transport 127.40
- ----------------------------------------------------------------------------------------------------------------
4/27/01 16539 MGM Films Film Rental 7,444.19
- ----------------------------------------------------------------------------------------------------------------
TOTAL 217,795.39
- ----------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------
WIRE TRANSFERS
- ----------------------------------------------------------------------------------------------------------------
4-Apr 176 20th Century Fox Film Rental 1,146.46
- ----------------------------------------------------------------------------------------------------------------
4-Apr 177 Buena Vista Film Rental 3,197.35
- ----------------------------------------------------------------------------------------------------------------
4-Apr 178 Dreamworks Film Rental 6,274.58
- ----------------------------------------------------------------------------------------------------------------
4-Apr 179 Miramax Film Rental 3,376.51
- ----------------------------------------------------------------------------------------------------------------
4-Apr 180 Newline Film Rental 3,525.47
- ----------------------------------------------------------------------------------------------------------------
4-Apr 181 Paramount Film Rental 21,867.77
- ----------------------------------------------------------------------------------------------------------------
4-Apr 182 Sony Classics Film Rental 2,430.46
- ----------------------------------------------------------------------------------------------------------------
4-Apr 183 USA/Gramercy Film Rental 2,308.73
- ----------------------------------------------------------------------------------------------------------------
4-Apr 184 Warner Film Rental 28,700.01
- ----------------------------------------------------------------------------------------------------------------
185 March [Concession pmt] -
- ----------------------------------------------------------------------------------------------------------------
5-Apr 186 Pepsi Concessions 2,291.25
- ----------------------------------------------------------------------------------------------------------------
5-Apr 187 Metro Concessions 5,465.69
- ----------------------------------------------------------------------------------------------------------------
9-Apr 188 Bay Park Moving UV10 Moving 6,224.50
- ----------------------------------------------------------------------------------------------------------------
9-Apr 189 Sky Trucking UV10 Moving 1,500.00
- ----------------------------------------------------------------------------------------------------------------
9-Apr 190 J&S Leasing UV10 Moving 2,800.00
- ----------------------------------------------------------------------------------------------------------------
11-Apr 191 20th Century Fox Film Rental 3,264.15
- ----------------------------------------------------------------------------------------------------------------
11-Apr 192 Buena Vista Film Rental 1,483.27
- ----------------------------------------------------------------------------------------------------------------
11-Apr 193 Dreamworks Film Rental 3,287.13
- ----------------------------------------------------------------------------------------------------------------
11-Apr 194 Miramax Film Rental 2,214.67
- ----------------------------------------------------------------------------------------------------------------
11-Apr 195 Newline Film Rental 1,387.06
- ----------------------------------------------------------------------------------------------------------------
11-Apr 196 Paramount Film Rental 10,875.31
- ----------------------------------------------------------------------------------------------------------------
11-Apr 197 Sony Classics Film Rental 3,466.82
- ----------------------------------------------------------------------------------------------------------------
11-Apr 198 Gramercy Film Rental 1,920.08
- ----------------------------------------------------------------------------------------------------------------
11-Apr 199 Warner Bros. Film Rental 12,443.45
- ----------------------------------------------------------------------------------------------------------------
13-Apr 200 Sony Columbia Film Rental 4,909.00
- ----------------------------------------------------------------------------------------------------------------
13-Apr 201 Universal Film Rental 112,452.69
- ----------------------------------------------------------------------------------------------------------------
13-Apr 202 Warner Film Rental 25,516.84
- ----------------------------------------------------------------------------------------------------------------
13-Apr 203 20th Century Fox Film Rental 205,291.44
- ----------------------------------------------------------------------------------------------------------------
13-Apr 204 Buena Vista Film Rental 97,047.07
- ----------------------------------------------------------------------------------------------------------------
13-Apr 205 Dreamworks Film Rental 6,174.00
- ----------------------------------------------------------------------------------------------------------------
13-Apr 206 Miramax Film Rental 36,894.36
- ----------------------------------------------------------------------------------------------------------------
13-Apr 207 Newline Film Rental 6,766.68
- ----------------------------------------------------------------------------------------------------------------
13-Apr 208 Paramount Film Rental 96,166.47
- ----------------------------------------------------------------------------------------------------------------
13-Apr 209 Metro Concessions 8,139.67
- ----------------------------------------------------------------------------------------------------------------
13-Apr 210 Pepsi Concessions 3,097.92
- ----------------------------------------------------------------------------------------------------------------
13-Apr 211 Metro Concessions 32,000.00
- ----------------------------------------------------------------------------------------------------------------
6-Apr 212 Sony [deposit for Joe Film Rental 25,500.00
Dirt]
- ----------------------------------------------------------------------------------------------------------------
18-Apr 213 VSP Emp. Benefit 505.00
- ----------------------------------------------------------------------------------------------------------------
18-Apr 214 California Choice Benefit Insurance 8,100.00
- ----------------------------------------------------------------------------------------------------------------
18-Apr 215 20th Century Fox Film Rental 11,253.68
- ----------------------------------------------------------------------------------------------------------------
Page 5 of 16
- ----------------------------------------------------------------------------------------------------------------
18-Apr 216 Buena Vista Film Rental 681.38
- ----------------------------------------------------------------------------------------------------------------
18-Apr 217 Dreamworks Film Rental 1,626.89
- ----------------------------------------------------------------------------------------------------------------
18-Apr 218 Miramax Film Rental 32,017.98
- ----------------------------------------------------------------------------------------------------------------
18-Apr 219 Newline Film Rental 638.85
- ----------------------------------------------------------------------------------------------------------------
18-Apr 220 Paramount Classics Film Rental 346.91
- ----------------------------------------------------------------------------------------------------------------
18-Apr 221 Paramount Film Rental 8,288.04
- ----------------------------------------------------------------------------------------------------------------
18-Apr 222 Sony Classics Film Rental 2,386.04
- ----------------------------------------------------------------------------------------------------------------
18-Apr 223 Gramercy Film Rental 2,222.70
- ----------------------------------------------------------------------------------------------------------------
18-Apr 224 Warner Bros. Film Rental 5,379.97
- ----------------------------------------------------------------------------------------------------------------
18-Apr 225 Pepsi Concessions 4,288.22
- ----------------------------------------------------------------------------------------------------------------
18-Apr 226 Metro Concessions 8,615.38
- ----------------------------------------------------------------------------------------------------------------
26-Apr 227 20th Century Fox Film Rental 5,468.01
- ----------------------------------------------------------------------------------------------------------------
26-Apr 228 Buena Vista Film Rental 3,855.14
- ----------------------------------------------------------------------------------------------------------------
26-Apr 229 Dreamworks Film Rental 142.80
- ----------------------------------------------------------------------------------------------------------------
26-Apr 230 Miramax Film Rental 31,672.95
- ----------------------------------------------------------------------------------------------------------------
26-Apr 231 Newline Film Rental 22,024.79
- ----------------------------------------------------------------------------------------------------------------
26-Apr 232 Paramount Film Rental 32,113.57
- ----------------------------------------------------------------------------------------------------------------
26-Apr 233 Sony Classics Film Rental 1,866.91
- ----------------------------------------------------------------------------------------------------------------
26-Apr 234 Gramercy/USA Film Rental 1,895.70
- ----------------------------------------------------------------------------------------------------------------
26-Apr 235 Warner Film Rental 19,980.54
- ----------------------------------------------------------------------------------------------------------------
23-Apr 236 Warner (advance on Film Rental 20,000.00
"Driven")
- ----------------------------------------------------------------------------------------------------------------
26-Apr 237 Metro Concessions 8,456.36
- ----------------------------------------------------------------------------------------------------------------
26-Apr 238 Pepsi Concessions 3,234.19
- ----------------------------------------------------------------------------------------------------------------
TOTAL 1,028,468.86
- ----------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------
DIRECT DEBITS TO UNION BANK OF CALIFORNIA ACCT # 0700494381
- ----------------------------------------------------------------------------------------------------------------
9-Apr Bank Charges 21.00
- ----------------------------------------------------------------------------------------------------------------
25-Apr Trf - pmt of State Tax 9,799.00
- ----------------------------------------------------------------------------------------------------------------
25-Apr Bank Charges 557.67
- ----------------------------------------------------------------------------------------------------------------
30-Apr Credit Card Fees 2,500.05
- ----------------------------------------------------------------------------------------------------------------
30-Apr Merchant Deposit Adjustments -74.50
- ----------------------------------------------------------------------------------------------------------------
TOTAL 12,803.22
- ----------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------
TRANSFERS TO PAYROLL ACCOUNT
- ----------------------------------------------------------------------------------------------------------------
5-Apr UBOC Acct. # 07007494365 April 13 Payroll Run 85,000.00
- ----------------------------------------------------------------------------------------------------------------
10-Apr UBOC Acct. # 07007494365 April 13 Payroll Run 15,000.00
- ----------------------------------------------------------------------------------------------------------------
27-Apr UBOC Acct. # 07007494365 April 27 Payroll Run 85,000.00
- ----------------------------------------------------------------------------------------------------------------
TOTAL 185,000.00
- ----------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------
TOTAL ACCOUNTS PAYABLE DISBURSEMENTS 1,444,067.47
- ----------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------
Page 6 of 16
I. CASH RECEIPTS AND DISBURSEMENTS (Continued)
B. (PAYROLL ACCOUNT)
- --------------------------------------------------------------------------------------- ---------------------
1. TOTAL RECEIPTS PER ALL PRIOR PAYROLL ACCOUNT REPORTS 575,535.93
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
2. LESS: TOTAL DISBURSEMENTS PER ALL PRIOR PAYROLL ACCOUNT REPORTS 645,132.16
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
3. BEGINNING BALANCE (67,071.01)
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
4. RECEIPTS DURING CURRENT PERIOD 185,000.00
- --------------------------------------------------------------------------------------- ---------------------
TRANSFERRED FROM GENERAL ACCOUNT
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
5. BALANCE: 117,928.99
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
6. LESS: TOTAL DISBURSEMENTS DURING CURRENT PERIOD 178,245.63
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
7. ENDING BALANCE (60,316.64)
- --------------------------------------------------------------------------------------- ---------------------
- ------------------------------------------------------- -----------------------------------------------------
8. PAYROLL ACCOUNT NUMBER 07007494365
- ------------------------------------------------------- -----------------------------------------------------
DEPOSITORY NAME AND LOCATION Union Bank of California
- -------------------------------------------------------------------------------------------------------------
445 South Figueroa St., Los Angeles, CA 90051
- -------------------------------------------------------------------------------------------------------------
Page 7 of 16
TOTAL DISBURSEMENTS DURING CURRENT PERIOD (Payroll Account)
- ----------------------------------------------------------------------------------------------------------------------------
APRIL 13, 2001 PAYROLL RUN - SUMMARY OF EXPENSE
- ----------------------------------------------------------------------------------------------------------------------------
Wages Earned - Normal Recurring 58,932.93
- ----------------------------------------------------------------------------------------------------------------------------
Wages Earned - Adjustments & Voids 2,125.46
- ----------------------------------------------------------------------------------------------------------------------------
Wage Garnishments 27.23
- ----------------------------------------------------------------------------------------------------------------------------
Federal Income Taxes 7,645.31
- ----------------------------------------------------------------------------------------------------------------------------
Social Security 9,609.35
- ----------------------------------------------------------------------------------------------------------------------------
Medicare 2,247.25
- ----------------------------------------------------------------------------------------------------------------------------
State Unemployment Taxes - Employer 1,483.50
- ----------------------------------------------------------------------------------------------------------------------------
Federal Unemployment Taxes 382.84
- ----------------------------------------------------------------------------------------------------------------------------
State Unemployment Taxes - Employee 697.48
- ----------------------------------------------------------------------------------------------------------------------------
State Income Taxes 1,474.29
- ----------------------------------------------------------------------------------------------------------------------------
84,625.64
- ----------------------------------------------------------------------------------------------------------------------------
April 13, 2001 Payroll Run - Summary of Disbursements
- ----------------------------------------------------------------------------------------------------------------------------
ADP Checks Issued [Net salary, plus tax, less manual] 82,500.18
- ----------------------------------------------------------------------------------------------------------------------------
Manual Checks, etc. 2,125.46
- ----------------------------------------------------------------------------------------------------------------------------
TOTAL 84,625.64
- ----------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------
APRIL 27, 2001 PAYROLL RUN - SUMMARY OF EXPENSE
- ----------------------------------------------------------------------------------------------------------------------------
Wages Earned - Normal Recurring 65,519.81
- ----------------------------------------------------------------------------------------------------------------------------
Wages Earned - Adjustments & Voids 952.19
- ----------------------------------------------------------------------------------------------------------------------------
Wage Garnishments 27.23
- ----------------------------------------------------------------------------------------------------------------------------
Federal Income Taxes 8,418.97
- ----------------------------------------------------------------------------------------------------------------------------
Social Security 10,620.65
- ----------------------------------------------------------------------------------------------------------------------------
Medicare 2,483.89
- ----------------------------------------------------------------------------------------------------------------------------
State Unemployment Taxes - Employer 1,699.00
- ----------------------------------------------------------------------------------------------------------------------------
Federal Unemployment Taxes 438.45
- ----------------------------------------------------------------------------------------------------------------------------
State Unemployment Taxes - Employee 770.84
- ----------------------------------------------------------------------------------------------------------------------------
State Income Taxes 1,490.32
- ----------------------------------------------------------------------------------------------------------------------------
92,421.35
- ----------------------------------------------------------------------------------------------------------------------------
April 27, 2001 Payroll Run - Summary of Disbursements
- ----------------------------------------------------------------------------------------------------------------------------
ADP Checks Issued [Net salary, plus tax, less manual] 91,469.17
- ----------------------------------------------------------------------------------------------------------------------------
Manual Checks Issued 952.19
- ----------------------------------------------------------------------------------------------------------------------------
TOTAL 92,421.36
- ----------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------
Bank and ADP charges and fees 1,198.63 1,198.63
- ----------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------
TOTAL PAYROLL ACCOUNT DISBURSEMENTS 178,245.63
- ----------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------
Page 8 of 16
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 24,903.29
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
3. BEGINNING BALANCE 96.71
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
4. RECEIPTS DURING CURRENT PERIOD
- --------------------------------------------------------------------------------------- ---------------------
TRANSFERRED FROM GENERAL ACCOUNT 15,000.00
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
5. BALANCE: 15,096.71
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
6. LESS: TOTAL DISBURSEMENTS DURING CURRENT PERIOD
- --------------------------------------------------------------------------------------- ---------------------
Date: 2/23/01, To: CA State Board of Equalization 9,799.00
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
TOTAL DISBURSEMENTS THIS PERIOD 9,799.00
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
7. ENDING BALANCE 5,297.71
- --------------------------------------------------------------------------------------- ---------------------
- ------------------------------------------------------- -----------------------------------------------------
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 (523,182.51)
- --------------------------------------------------------------------------------------- ---------------------
PAYROLL ACCOUNT (60,316.64)
- --------------------------------------------------------------------------------------- ---------------------
TAX ACCOUNT 5,297.71
- --------------------------------------------------------------------------------------- ---------------------
OTHER ACCOUNTS *: 1,388,517.83
- --------------------------------------------------------------------------------------- ---------------------
OTHER MONIES *: 0.00
- --------------------------------------------------------------------------------------- ---------------------
PETTY CASH ** 0.00
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
TOTAL CASH AVAILABLE 810,316.39
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
* 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 9 of 16
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 1,245,653.93
- ---------------------------------------------------------------- --------------------- ----------------------
FOB Cinemastar Luxury Cinemas, Inc. 0700494-373 3,378.70
- ---------------------------------------------------------------- --------------------- ----------------------
Merchant 0700494-357 139,485.20
- ---------------------------------------------------------------- --------------------- ----------------------
Moviefone 0700494-146 0.00
- ---------------------------------------------------------------- --------------------- ----------------------
- ---------------------------------------------------------------- --------------------- ----------------------
Total 1,388,517.83
- ---------------------------------------------------------------- --------------------- ----------------------
- ---------------------------------------------------------------- --------------------- ----------------------
Page 10 of 16
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 4 $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 125,648.99
- ------------------------------------------------------------------------------------ ------------------------
TOTAL WAGES PAID 173,914.88
- ------------------------------------------------------------------------------------ ------------------------
- --------------------------------------- ----------------------- ---------------------- ----------------------
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 9,423.66 0.00
- --------------------------------------- ----------------------- ---------------------- ----------------------
REAL PROPERTY 17,445.59 17,445.59 4/10/01
- --------------------------------------- ----------------------- ---------------------- ----------------------
OTHER (SPECIFY)
- --------------------------------------- ----------------------- ---------------------- ----------------------
- --------------------------------------- ----------------------- ---------------------- ----------------------
TOTAL 26,869.25 17,445.59
- --------------------------------------- ----------------------- ---------------------- ----------------------
Page 11 of 16
IV. AGING OF ACCOUNTS PAYABLE AND ACCOUNTS RECEIVABLE
- ---------------------------- ------------------------------- ------------------------------------------------
ACCOUNTS RECEIVABLE
ACCOUNTS PAYABLE * ------------------------ -----------------------
(POST-PETITION ONLY) Pre-Petition Post-Petition
- ---------------------------- ------------------------------- ------------------------ -----------------------
30 days or less 93,646.36
- ---------------------------- ------------------------------- ------------------------ -----------------------
31-60 days 15,430.68
- ---------------------------- ------------------------------- ------------------------ -----------------------
61-90 days
- ---------------------------- ------------------------------- ------------------------ -----------------------
91-120 days
- ---------------------------- ------------------------------- ------------------------ -----------------------
Over 120 days
- ---------------------------- ------------------------------- ------------------------ -----------------------
TOTALS: 109,077.04
- ---------------------------- ------------------------------- ------------------------ -----------------------
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 5/14/01
America
- ----------------------- --------------------- -------------------- --------------------- --------------------
Umbrella Liability St. Paul's $10,000,000 10/14/01 5/14/01
Insurance Company
- ----------------------- --------------------- -------------------- --------------------- --------------------
Automobile Liability Royal Insurance of $1,000,000 10/14/01 5/14/01
America
- ----------------------- --------------------- -------------------- --------------------- --------------------
Directors & Officers National Union Fire $5,000,000 6/20/01 5/14/01
Liability Insurance Company
- ----------------------- --------------------- -------------------- --------------------- --------------------
Workers Compensation State (of CA) Variable n/a 5/14/01
Compensation
Insurance Fund
- ----------------------- --------------------- -------------------- --------------------- --------------------
Property Royal Insurance of $35,212,960 10/14/01 5/14/01
America
- ----------------------- --------------------- -------------------- --------------------- --------------------
Vacant Property Royal Indemnity $1,500,000 12/14/01 5/14/01
Company
- ----------------------- --------------------- -------------------- --------------------- --------------------
Foreign Package ACE USA $1,000,000 10/15/01 5/14/01
- ----------------------- --------------------- -------------------- --------------------- --------------------
VI. UNITED STATES TRUSTEE QUARTERLY FEES
(TOTAL PAYMENTS)
- ------------------- ------------------- --------------- ----------------- ----------------- -----------------
Qtrly Period Total Qtrly Fees Date Paid Amount Paid Qtrly Fee Still
Ending Disbursements Owing
- ------------------- ------------------- --------------- ----------------- ----------------- -----------------
3/31/01 3,552,815.00 8,000.00 5/17/01 8,000.00 0.00
- ------------------- ------------------- --------------- ----------------- ----------------- -----------------
- ------------------- ------------------- --------------- ----------------- ----------------- -----------------
- ------------------- ------------------- --------------- ----------------- ----------------- -----------------
* 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 12 of 16
VII. PROFIT AND LOSS STATEMENT (ACCRUAL BASIS ONLY)
Cumulative
Current Month Post-Petition
--------------- -----------------
Admission Revenue 793,876 3,453,391
Concession Revenue 313,506 1,325,310
Video Revenue 18,236 70,929
Screen Advertising 8,333 30,460
Other Revenues 1,727 8,468
- ---------------------------------------------------------------------------
Theater Revenue 1,135,678 4,888,558
Film Rental Expense 395,378 1,720,441
Concession COGS 47,199 192,136
- ---------------------------------------------------------------------------
Theater Cost of Goods Sold 442,577 1,912,577
- ---------------------------------------------------------------------------
Theater Gross Margin 693,101 2,975,981
- ---------------------------------------------------------------------------
Salaries 125,683 501,064
Payroll Taxes 14,012 57,225
Rent Expense 268,118 1,195,483
CAM Expense 30,135 127,210
Utility Expense 63,190 255,667
Advertising Expense 21,708 80,283
Co-op Advertising Expense 2,281 17,156
Repairs & Maint Expense 11,434 52,606
Janitorial Services 18,252 90,655
Janitorial Supplies Expense 8,730 24,035
Insurance Expense 11,580 69,410
Property Taxes 27,325 112,983
Security Expense 2,709 18,308
Travel & Entertainment 351 1,581
Vehicle Expense 0 0
Supplies Expense 14,915 32,696
Banking Fees 3,222 25,799
Equipment Rental Expense 1,458 5,450
Outside Services Expense 7 1,507
Other Theater Expense 7,546 37,311
Pre-Opening Expense 0 0
- ---------------------------------------------------------------------------
Theater Operating Expenses 632,653 2,706,429
- ---------------------------------------------------------------------------
Operating Income 60,448 269,552
- ---------------------------------------------------------------------------
General & Administrative Expens 57,791 363,303
Deprec & Amortization 209,927 874,858
Interest Expense 45,618 191,855
Interest/Dividend Income (0) (16,905)
Taxes 482 1,925
Non-Recurring Income/Expense 0 (90,000)
- ---------------------------------------------------------------------------
Non-Operating (Income)/Expense 313,818 1,325,036
- ---------------------------------------------------------------------------
Net Income (253,370) (1,055,484)
===========================================================================
Page 13 of 16
VIII. BALANCE SHEET (ACCRUAL BASIS ONLY)
Current Month End
-----------------
Cash 1,469,373
Accts Receivable (13,109)
Conc Inventory 36,281
Concession Rebates 8,091
Supplies Inventory 9,777
Prepaids 528,644
- --------------------------------------------------------------------------
Current Assets 2,039,056
Fixed Assets 24,490,280
Accumulated Depreciation (13,341,948)
- --------------------------------------------------------------------------
Net Fixed Assets 11,148,332
Deposits-Leases 43,789
Deposits-Concession 965
Deposits 200
Investment CLT SA de CV 22,875
Investment in Mexico 339,643
Goodwill - Mexico (136,089)
- --------------------------------------------------------------------------
Other Assets 271,383
- -------------------------------------------------------------------------
Assets 13,458,770
==========================================================================
Accounts Payable 2,202,841
Accrued Payroll 236,312
Other Accruals 651,654
Deferred Revenue 473,835
Concession Advances 38,900
Short Term Notes Payable 0
- --------------------------------------------------------------------------
Current Liabilities 3,603,542
Capital Leases (10,401)
Credit Facility Debt 2,210,000
Notes Payable 1,717,721
- --------------------------------------------------------------------------
Debt and Capital Leases 3,917,321
Deferred Rent Accrual 4,170,530
Intercompany Accounts 2,263,755
- --------------------------------------------------------------------------
Long-Term Liabilities 6,434,285
Common Stock 62,892
Additional Paid In Capital 29,642,292
Treasury Stock 0
Retained Earnings (26,278,047)
Current Year Retained Earnings (3,923,514)
Current Year Dividends 0
- --------------------------------------------------------------------------
Shareholders' Equity (496,377)
- --------------------------------------------------------------------------
Liabilities & Equity 13,458,770
==========================================================================
Page 14 of 16
STATEMENT OF CASH FLOWS (Supplement to Balance Sheet)
Current Month
-------------
CASH FLOW FROM OPERATIONS
Net Income / (Loss) (255,032)
Depreciation & Amortization 209,927
Non-Cash Interest Expense 0
Deferred Rent 13,950
Changes in Operating Assets & Liabilities:
Change in Current Assets (24,840)
Change in Other Assets 0
Change in Accounts Payable (259,526)
Change in Other Liabilities 106,617
- -----------------------------------------------------------------------------
Net Cash Provided By / (Used In) Operations (208,905)
CASH FLOW FROM INVESTING ACTIVITIES
Purchase of Property 0
Sale of Property 0
- -----------------------------------------------------------------------------
Net Cash Provided By / (Used In) Investing Activities 0
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 (243,905)
- -----------------------------------------------------------------------------
Beginning of Period Cash Balance 1,713,278
- -----------------------------------------------------------------------------
- -----------------------------------------------------------------------------
End of Period Cash Balance 1,469,373
=============================================================================
Page 15 of 16
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: n/a
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: May 17, 2001
s/ Donald H. Harnois, Jr.
-------------------------------------
Principal for debtor-in-possession