EXHIBIT 99.5
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: MAY 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: June 17, 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. 5
FOR THE MONTH ENDING: MAY 31, 2001
I. CASH RECEIPTS AND DISBURSEMENTS
A. (GENERAL ACCOUNT *)
- --------------------------------------------------------------------------------------- ---------------------
1. TOTAL RECEIPTS PER ALL PRIOR GENERAL ACCOUNT REPORTS 4,629,459.78
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
2. LESS: TOTAL DISBURSEMENTS PER ALL PRIOR GENERAL ACCOUNT REPORTS 5,152,642.29
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
3. BEGINNING BALANCE (523,182.51)
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
4. RECEIPTS DURING CURRENT PERIOD
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
ACCOUNTS RECEIVABLE - PRE-FILING 0.00
- --------------------------------------------------------------------------------------- ---------------------
ACCOUNTS RECEIVABLE - POST-FILING 0.00
- --------------------------------------------------------------------------------------- ---------------------
GENERAL SALES 1,626,045.50
- --------------------------------------------------------------------------------------- ---------------------
OTHER (SPECIFY) Advanced ticket sales, Mexico mgmnt fees 51,899.57
- --------------------------------------------------------------------------------------- ---------------------
OTHER ** (SPECIFY) 0.00
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
TOTAL RECEIPTS THIS PERIOD 1,677,945.07
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
5. BALANCE: 1,154,762.56
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
6. LESS: TOTAL DISBURSEMENTS DURING CURRENT PERIOD 1,543,790.92
- --------------------------------------------------------------------------------------- ---------------------
(Total from Page 2)
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
7. ENDING BALANCE (389,028.36)
- --------------------------------------------------------------------------------------- ---------------------
- ------------------------------------------------------- -----------------------------------------------------
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
- -----------------------------------------------------------------------------------------------------------------
5/1/01 16540 Coudres Family Rent 40,321.79
- -----------------------------------------------------------------------------------------------------------------
5/1/01 16541 Mission Grove Theater Rent 64,443.41
- -----------------------------------------------------------------------------------------------------------------
5/1/01 16542 Mission Grove Theater Rent 32,355.40
- -----------------------------------------------------------------------------------------------------------------
5/1/01 16543 Oceanside Mission Mkt Rent 66,947.53
Place
- -----------------------------------------------------------------------------------------------------------------
5/1/01 16544 Redevelopment Agency Rent 82,000.00
- -----------------------------------------------------------------------------------------------------------------
5/1/01 16545 Redevelopment Agency Rent 12,500.00
- -----------------------------------------------------------------------------------------------------------------
5/1/01 16546 United Title Company Rent 4,983.30
- -----------------------------------------------------------------------------------------------------------------
5/3/01 16547 MGM Films Film Payable 1,417.06
- -----------------------------------------------------------------------------------------------------------------
5/4/01 16548 Airborne Express Film Transport 527.80
- -----------------------------------------------------------------------------------------------------------------
5/4/01 16549 All City Electrical R & M 326.56
- -----------------------------------------------------------------------------------------------------------------
5/4/01 16550 American Express Movie Ad mylars 255.75
- -----------------------------------------------------------------------------------------------------------------
5/4/01 16551 Armored Transport Security 245.69
- -----------------------------------------------------------------------------------------------------------------
5/4/01 16552 CA Chamber of Commerce Licenses and permits 214.73
- -----------------------------------------------------------------------------------------------------------------
5/4/01 16553 City of Riverside Licenses and permits 145.19
- -----------------------------------------------------------------------------------------------------------------
5/4/01 16554 City of San Bernardino Licenses and permits 561.00
- -----------------------------------------------------------------------------------------------------------------
5/4/01 16555 Continental Stock Outside Services 553.47
Transfer
- -----------------------------------------------------------------------------------------------------------------
5/4/01 16556 CTS Net Internet Svcs Computer 807.56
- -----------------------------------------------------------------------------------------------------------------
5/4/01 16557 Dan's Window Service Repairs & Maintenance 275.00
- -----------------------------------------------------------------------------------------------------------------
5/4/01 16558 DC Electronics Two Repairs & Maintenance 215.00
- -----------------------------------------------------------------------------------------------------------------
5/4/01 16559 De Lage Landen Telephone 69.09
- -----------------------------------------------------------------------------------------------------------------
5/4/01 16560 Emeritus Communications Telephone 510.63
- -----------------------------------------------------------------------------------------------------------------
5/4/01 16561 G Neil Direct Mail Office Supplies 87.20
- -----------------------------------------------------------------------------------------------------------------
5/4/01 16562 Gold Medal Products Repairs & Maintenance 1,433.40
- -----------------------------------------------------------------------------------------------------------------
5/4/01 16563 Void - -
- -----------------------------------------------------------------------------------------------------------------
5/4/01 16564 Hyperion Solutions Computer - Corp. 6,804.00
- -----------------------------------------------------------------------------------------------------------------
5/4/01 16565 Janitorial Maintenance Janitorial Maintenance 16,751.00
- -----------------------------------------------------------------------------------------------------------------
5/4/01 16566 JSA Publishing Other Advertising - Corp. 345.00
Consultants
- -----------------------------------------------------------------------------------------------------------------
5/4/01 16567 K Lavasany Reimbursement 367.90
- -----------------------------------------------------------------------------------------------------------------
5/4/01 16568 LA Times Corp Paper 18.00
- -----------------------------------------------------------------------------------------------------------------
5/4/01 16569 National Screen Svc Advertising 140.56
- -----------------------------------------------------------------------------------------------------------------
5/4/01 16570 Optimal Integrated Slns Computer Supplies 50.00
- -----------------------------------------------------------------------------------------------------------------
5/4/01 16571 Pacific Bell Telephone 28.41
- -----------------------------------------------------------------------------------------------------------------
5/4/01 16572 Paramount Pictures Advertising 2,440.00
- -----------------------------------------------------------------------------------------------------------------
5/4/01 16573 Proctor Companies Repairs & Maintenance 42.40
- -----------------------------------------------------------------------------------------------------------------
5/4/01 16574 Prudential Emp. Benefits 15.89
- -----------------------------------------------------------------------------------------------------------------
5/4/01 16575 Prudential Emp. Benefits 632.44
- -----------------------------------------------------------------------------------------------------------------
5/4/01 16576 Pure Flo Water Water, Corp. 17.85
- -----------------------------------------------------------------------------------------------------------------
5/4/01 16577 Renaissance Radiology Misc. P10 35.00
- -----------------------------------------------------------------------------------------------------------------
5/4/01 16578 Rocky Mtn Employee Emp. Benefits 593.75
Benefits
- -----------------------------------------------------------------------------------------------------------------
5/4/01 16579 Sky Courier Film Transport 72.80
- -----------------------------------------------------------------------------------------------------------------
5/4/01 16580 SO CAL Edison Utilities 4,726.75
- -----------------------------------------------------------------------------------------------------------------
Page 3 of 17
- -----------------------------------------------------------------------------------------------------------------
5/4/01 16581 Staples Office Supplies 447.62
- -----------------------------------------------------------------------------------------------------------------
5/4/01 16582 State Compensation Ins. Worker's Comp. 10,111.78
Fund
- -----------------------------------------------------------------------------------------------------------------
5/4/01 16583 Structural Termite and Repairs & Maintenance 85.00
Pest
- -----------------------------------------------------------------------------------------------------------------
5/4/01 16584 Roy M Van Asch Janitorial Maintenance 1,875.80
- -----------------------------------------------------------------------------------------------------------------
5/4/01 16585 Verizon Telephone 240.04
- -----------------------------------------------------------------------------------------------------------------
5/4/01 16586 Waxie Sanitary Supply Janitorial Supplies 1,021.71
- -----------------------------------------------------------------------------------------------------------------
5/4/01 16587 K Zolna Reimbursement 1,271.82
- -----------------------------------------------------------------------------------------------------------------
5/4/01 16588 Lions Gate Advertising 150.00
- -----------------------------------------------------------------------------------------------------------------
5/4/01 16589 Heritage Foods Concessions supplies 1,690.34
- -----------------------------------------------------------------------------------------------------------------
5/7/01 16590 Airguard Corona Operating supplies 631.64
- -----------------------------------------------------------------------------------------------------------------
5/10/01 16591 MGM Films Film Payable 1,173.01
- -----------------------------------------------------------------------------------------------------------------
5/15/01 16592 Arthur Andersen Accounting 5,000.00
- -----------------------------------------------------------------------------------------------------------------
5/15/01 16593 Levitz, Zacks & Ciceric Accounting & Audit 50,000.00
- -----------------------------------------------------------------------------------------------------------------
5/15/01 16594 Airguard Corona Operating supplies 9.03
- -----------------------------------------------------------------------------------------------------------------
5/15/01 16595 Crown Point Design and Uniforms 1,503.38
Embroider
- -----------------------------------------------------------------------------------------------------------------
5/15/01 16596 Manulife Financial Emp. Benefits 2,604.50
- -----------------------------------------------------------------------------------------------------------------
5/15/01 16597 Star Track Operating supplies 350.00
- -----------------------------------------------------------------------------------------------------------------
5/21/01 16598 US Trustee Audit & Acctng Fees 8,000.00
- -----------------------------------------------------------------------------------------------------------------
5/21/01 16599 A&B Carpet Cleaning Repairs & Maintenance 540.00
- -----------------------------------------------------------------------------------------------------------------
5/21/01 16600 Airborne Express Film Transport 436.80
- -----------------------------------------------------------------------------------------------------------------
5/21/01 16601 American Express Movie Ad mylars 2,082.50
- -----------------------------------------------------------------------------------------------------------------
5/21/01 16602 AON Risk Insurance 514.00
- -----------------------------------------------------------------------------------------------------------------
5/21/01 16603 Armored Transport Security 906.69
- -----------------------------------------------------------------------------------------------------------------
5/21/01 16604 Brake Water Transport Film Transport 1,398.00
- -----------------------------------------------------------------------------------------------------------------
5/21/01 16605 City of Oceanside Utilities 2,773.82
- -----------------------------------------------------------------------------------------------------------------
5/21/01 16606 City of Riverside Utilities 11,708.86
- -----------------------------------------------------------------------------------------------------------------
5/21/01 16607 City of San Bernardino Security 2,689.89
- -----------------------------------------------------------------------------------------------------------------
5/21/01 16608 City of San Bernardino Licenses and Permits 50.00
- -----------------------------------------------------------------------------------------------------------------
5/21/01 16609 Continental Stock Outside Services 553.47
Transfer
- -----------------------------------------------------------------------------------------------------------------
5/21/01 16610 CR&R Utilities 713.19
- -----------------------------------------------------------------------------------------------------------------
5/21/01 16611 Dreamworks Dist. Advertising 1,578.32
- -----------------------------------------------------------------------------------------------------------------
5/21/01 16612 Globe Ticket & Label Operating supplies 5,659.99
- -----------------------------------------------------------------------------------------------------------------
5/21/01 16613 Inpro Corp. Repairs & Maintenance 130.68
- -----------------------------------------------------------------------------------------------------------------
5/21/01 16614 JLA Credit Corporation Trash compactor lease 779.86
- -----------------------------------------------------------------------------------------------------------------
5/21/01 16615 Merrill Communications Annual & Proxy Fees 340.00
- -----------------------------------------------------------------------------------------------------------------
5/21/01 16616 MGM Films Film Payable 5,711.68
- -----------------------------------------------------------------------------------------------------------------
5/21/01 16617 National Environmental Utilities 7,309.31
Waste
- -----------------------------------------------------------------------------------------------------------------
5/21/01 16618 North County Times Advertising 4,696.59
- -----------------------------------------------------------------------------------------------------------------
5/21/01 16619 Optimal Integrated Slns Computer Supplies 50.00
- -----------------------------------------------------------------------------------------------------------------
5/21/01 16620 Pacific Bell Telephone 1,545.35
- -----------------------------------------------------------------------------------------------------------------
5/21/01 16621 Paramount Pictures Film Payable 459.00
- -----------------------------------------------------------------------------------------------------------------
5/21/01 16622 Pure Flo Water Water, Corp. 47.98
- -----------------------------------------------------------------------------------------------------------------
5/21/01 16623 Reel Source Outside Services 350.00
- -----------------------------------------------------------------------------------------------------------------
5/21/01 16624 R&J Fial Uniforms 37.34
- -----------------------------------------------------------------------------------------------------------------
5/21/01 16625 Rocky Mtn Employee Emp. Benefits 625.00
Benefits
- -----------------------------------------------------------------------------------------------------------------
5/21/01 16626 Roto-Rooter Plumbers Repairs & Maintenance 280.38
- -----------------------------------------------------------------------------------------------------------------
5/21/01 16627 San Bernardino County Sun Advertising 6,724.31
- -----------------------------------------------------------------------------------------------------------------
5/21/01 16628 SDG&E Utilities 11,738.33
- -----------------------------------------------------------------------------------------------------------------
Page 4 of 17
- -----------------------------------------------------------------------------------------------------------------
5/21/01 16629 Solomon Friedman Co Op Advertising 158.97
- -----------------------------------------------------------------------------------------------------------------
5/21/01 16630 SO CAL Edison Utilities 14,871.21
- -----------------------------------------------------------------------------------------------------------------
5/21/01 16631 State Board Equalization Licenses and Permits 891.84
- -----------------------------------------------------------------------------------------------------------------
5/21/01 16632 Structural Termite and Repairs & Maintenance 170.00
Pest
- -----------------------------------------------------------------------------------------------------------------
5/21/01 16633 Theatrical Distr. Svc Advertising 13.94
- -----------------------------------------------------------------------------------------------------------------
5/21/01 16634 Universal Advertising 292.61
- -----------------------------------------------------------------------------------------------------------------
5/21/01 16635 Verizon Telephone 102.37
- -----------------------------------------------------------------------------------------------------------------
5/21/01 16636 Waxie Sanitary Supply Janitorial Supplies 6,422.42
- -----------------------------------------------------------------------------------------------------------------
5/21/01 16637 West Coast Svcs Repairs & Maintenance 98.79
- -----------------------------------------------------------------------------------------------------------------
5/21/01 16638 Western Municipal Water Utilities 390.70
Dist.
- -----------------------------------------------------------------------------------------------------------------
5/23/01 16639 Airgas Concessions supplies 214.94
- -----------------------------------------------------------------------------------------------------------------
5/23/01 16640 Heritage Foods Concessions supplies 1,518.49
- -----------------------------------------------------------------------------------------------------------------
5/24/01 16641 Dan Cahill Reimbursement 90.65
- -----------------------------------------------------------------------------------------------------------------
5/24/01 16642 CinemaStar Luxury Petty Cash 672.06
Theaters
- -----------------------------------------------------------------------------------------------------------------
5/24/01 16643 K Lavasany Reimbursement 341.84
- -----------------------------------------------------------------------------------------------------------------
5/24/01 16644 Manulife Financial Emp. Benefits 2,482.25
- -----------------------------------------------------------------------------------------------------------------
5/24/01 16645 Union Tribune Advertising 755.20
- -----------------------------------------------------------------------------------------------------------------
5/31/01 16646 Airborne Express Film Transport 800.80
- -----------------------------------------------------------------------------------------------------------------
5/31/01 16647 Airguard Corona Operating supplies 227.27
- -----------------------------------------------------------------------------------------------------------------
5/31/01 16648 AON Risk Insurance 18,472.00
- -----------------------------------------------------------------------------------------------------------------
5/31/01 16649 The Cawley Company Uniforms 456.55
- -----------------------------------------------------------------------------------------------------------------
5/31/01 16650 CV City Employees Federal Gift Cert. reimburse 546.50
- -----------------------------------------------------------------------------------------------------------------
5/31/01 16651 City of San Bernardino Utilities 336.60
- -----------------------------------------------------------------------------------------------------------------
5/31/01 16652 Del Mar Office Products Office Supplies 101.02
- -----------------------------------------------------------------------------------------------------------------
5/31/01 16653 Dept of Industrial Licenses and Permits 110.00
Relations
- -----------------------------------------------------------------------------------------------------------------
5/31/01 16654 Emeritus Communications Telephone 633.61
- -----------------------------------------------------------------------------------------------------------------
5/31/01 16655 Gold Medal Products Repairs & Maintenance 154.45
- -----------------------------------------------------------------------------------------------------------------
5/31/01 16656 Don Harnois Reimbursement 689.75
- -----------------------------------------------------------------------------------------------------------------
5/31/01 16657 Janitorial Maintenance Janitorial Maintenance 19,131.00
- -----------------------------------------------------------------------------------------------------------------
5/31/01 16658 LA Times Advertising 24.00
- -----------------------------------------------------------------------------------------------------------------
5/31/01 16659 MGM Films Film Payable 172.69
- -----------------------------------------------------------------------------------------------------------------
5/31/01 16660 MWR San Diego Gift Cert. reimburse 584.50
- -----------------------------------------------------------------------------------------------------------------
5/31/01 16661 Nat. Steel & Shipbldg Gift Cert. reimburse 624.00
- -----------------------------------------------------------------------------------------------------------------
5/31/01 16662 Paramount Pictures Co Op Advertising 606.00
- -----------------------------------------------------------------------------------------------------------------
5/31/01 16663 Practical Automation Repairs & Maintenance 15.36
- -----------------------------------------------------------------------------------------------------------------
5/31/01 16664 The Press Advertising 22,691.02
- -----------------------------------------------------------------------------------------------------------------
5/31/01 16665 Proctor Companies Repairs & Maintenance 412.88
- -----------------------------------------------------------------------------------------------------------------
5/31/01 16666 Scripps Health Gift Cert. reimburse 664.00
- -----------------------------------------------------------------------------------------------------------------
5/31/01 16667 Sky Courier Film Transport 91.00
- -----------------------------------------------------------------------------------------------------------------
5/31/01 16668 Solomon Friedman Co Op Advertising 340.83
- -----------------------------------------------------------------------------------------------------------------
5/31/01 16669 SO CAL Edison Utilities 5,987.69
- -----------------------------------------------------------------------------------------------------------------
5/31/01 16670 Structural Termite and Repairs & Maintenance 170.00
Pest
- -----------------------------------------------------------------------------------------------------------------
5/31/01 16671 Roy M Van Asch Janitorial Maintenance 1,875.80
- -----------------------------------------------------------------------------------------------------------------
5/31/01 16672 Verizon Telephone 309.86
- -----------------------------------------------------------------------------------------------------------------
5/31/01 16673 Waxie Sanitary Supply Janitorial Supplies 3,432.52
- -----------------------------------------------------------------------------------------------------------------
5/31/01 16674 Western Municipal Water Utilities 153.51
Dist.
- -----------------------------------------------------------------------------------------------------------------
Page 5 of 17
- -----------------------------------------------------------------------------------------------------------------
5/31/01 16675 Heritage Foods Concessions supplies 1,101.24
- -----------------------------------------------------------------------------------------------------------------
TOTAL 613,280.05
- -----------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------
WIRE TRANSFERS
- -----------------------------------------------------------------------------------------------------------------
5/1/01 239 20th Century Fox Film Payable 18,772.60
- -----------------------------------------------------------------------------------------------------------------
5/3/01 240 Buena Vista Film Payable 142.61
- -----------------------------------------------------------------------------------------------------------------
5/3/01 241 Miramax Film Payable 18,632.32
- -----------------------------------------------------------------------------------------------------------------
5/3/01 242 New Line Film Payable 5,459.48
- -----------------------------------------------------------------------------------------------------------------
5/3/01 243 Sony Film Payable 831.78
- -----------------------------------------------------------------------------------------------------------------
5/3/01 244 Universal Film Payable 8,882.81
- -----------------------------------------------------------------------------------------------------------------
5/3/01 245 USA Films Film Payable 1,255.65
- -----------------------------------------------------------------------------------------------------------------
5/3/01 246 Warner Brothers Film Payable 2,784.48
- -----------------------------------------------------------------------------------------------------------------
5/3/01 247 Metropolitan Provisions Concessions supplies 8,657.48
- -----------------------------------------------------------------------------------------------------------------
5/3/01 248 Pepsi-Cola Concessions supplies 3,755.61
- -----------------------------------------------------------------------------------------------------------------
5/8/01 249 Sony Pictures Film - Deposits 47,000.00
- -----------------------------------------------------------------------------------------------------------------
5/9/01 250 20th Century Fox Film Payable 16,249.43
- -----------------------------------------------------------------------------------------------------------------
5/9/01 251 Miramax Films Film Payable 12,244.23
- -----------------------------------------------------------------------------------------------------------------
5/9/01 252 New Line Film Payable 4,093.80
- -----------------------------------------------------------------------------------------------------------------
5/9/01 253 Paramount Pictures Film Payable 23,343.51
- -----------------------------------------------------------------------------------------------------------------
5/9/01 254 Sony Film Payable 866.78
- -----------------------------------------------------------------------------------------------------------------
5/9/01 255 Universal Film Payable 6,716.72
- -----------------------------------------------------------------------------------------------------------------
5/9/01 256 USA Films Film Payable 603.30
- -----------------------------------------------------------------------------------------------------------------
5/9/01 257 Warner Brothers Film Payable 501.32
- -----------------------------------------------------------------------------------------------------------------
5/9/01 258 Metropolitan Provisions Concessions supplies 13,615.33
- -----------------------------------------------------------------------------------------------------------------
5/9/01 259 Pepsi-Cola Concessions supplies 1,561.56
- -----------------------------------------------------------------------------------------------------------------
5/14/01 260 Metropolitan Provisions Concessions supplies 32,000.00
- -----------------------------------------------------------------------------------------------------------------
261 Metropolitan Provisions Concessions supplies -32,000.00
- -----------------------------------------------------------------------------------------------------------------
5/17/01 262 20th Century Fox Film Payable 5,943.70
- -----------------------------------------------------------------------------------------------------------------
5/17/01 263 Miramax Film Payable 6,191.25
- -----------------------------------------------------------------------------------------------------------------
5/17/01 264 New Line Film Payable 4,579.69
- -----------------------------------------------------------------------------------------------------------------
5/17/01 265 Paramount Pictures Film Payable 9,037.20
- -----------------------------------------------------------------------------------------------------------------
5/17/01 266 Sony Film Payable 319.29
- -----------------------------------------------------------------------------------------------------------------
5/17/01 267 Universal Film Payable 2,173.89
- -----------------------------------------------------------------------------------------------------------------
5/17/01 268 USA Films Film Payable 507.15
- -----------------------------------------------------------------------------------------------------------------
5/17/01 269 Warner Brothers Film Payable 321.67
- -----------------------------------------------------------------------------------------------------------------
5/17/01 270 Pepsi-Cola Concessions supplies 6,901.63
- -----------------------------------------------------------------------------------------------------------------
5/17/01 271 Metropolitan Provisions Concessions supplies 10,418.22
- -----------------------------------------------------------------------------------------------------------------
5/24/01 272 Pepsi-Cola Concessions supplies 7,886.23
- -----------------------------------------------------------------------------------------------------------------
5/23/01 273 20th Century Fox Film Payable 3,101.25
- -----------------------------------------------------------------------------------------------------------------
5/23/01 274 Miramax Film Payable 4,014.54
- -----------------------------------------------------------------------------------------------------------------
5/23/01 275 New Line Film Payable 2,318.52
- -----------------------------------------------------------------------------------------------------------------
5/23/01 276 Paramount Pictures Film Payable 4,893.98
- -----------------------------------------------------------------------------------------------------------------
5/23/01 277 Universal Film Payable 155,797.25
- -----------------------------------------------------------------------------------------------------------------
5/23/01 278 USA Films Film Payable 5,519.28
- -----------------------------------------------------------------------------------------------------------------
5/23/01 279 Warner Brothers Film Payable 6,438.65
- -----------------------------------------------------------------------------------------------------------------
5/23/01 280 Metropolitan Provisions Concessions supplies 10,868.04
- -----------------------------------------------------------------------------------------------------------------
5/30/01 281 20th Century Fox Film Payable 1,282.51
- -----------------------------------------------------------------------------------------------------------------
5/30/01 282 Miramax Film Payable 3,316.13
- -----------------------------------------------------------------------------------------------------------------
5/30/01 283 New Line Film Payable 3,339.45
- -----------------------------------------------------------------------------------------------------------------
5/30/01 284 Paramount Pictures Film Payable 3,543.24
- -----------------------------------------------------------------------------------------------------------------
5/30/01 285 Universal Film Payable 66,346.37
- -----------------------------------------------------------------------------------------------------------------
5/30/01 286 USA Films Film Payable 1,210.74
- -----------------------------------------------------------------------------------------------------------------
5/30/01 287-a Warner Brothers Film Payable 21,384.11
- -----------------------------------------------------------------------------------------------------------------
5/29/01 287-b Sony Pictures Film - Deposits 37,000.00
- -----------------------------------------------------------------------------------------------------------------
Page 6 of 17
- -----------------------------------------------------------------------------------------------------------------
5/31/01 288 Pepsi-Cola Concessions supplies 5,076.84
- -----------------------------------------------------------------------------------------------------------------
5/31/01 289 Metropolitan Provisions Concessions supplies 19,106.47
- -----------------------------------------------------------------------------------------------------------------
TOTAL 604,808.09
- -----------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------
DIRECT DEBITS TO UNION BANK OF CALIFORNIA ACCT # 0700494381
- -----------------------------------------------------------------------------------------------------------------
1-May Wire trf - Int & Principle on Credit Facility Debt 52,815.82
- -----------------------------------------------------------------------------------------------------------------
4-May ADP fees 525.67
- -----------------------------------------------------------------------------------------------------------------
18-May ADP fees 600.80
- -----------------------------------------------------------------------------------------------------------------
23-May Trf - pmt of State Sales 9,424.00
Tax
- -----------------------------------------------------------------------------------------------------------------
29-May Bank Charges 428.80
- -----------------------------------------------------------------------------------------------------------------
31-May Wire trf - Int & Principle on Credit Facility Debt 52,795.68
- -----------------------------------------------------------------------------------------------------------------
31-May Deposit Adjustments 222.49
- -----------------------------------------------------------------------------------------------------------------
31-May Merchant Bank Charges 3,044.53
- -----------------------------------------------------------------------------------------------------------------
TOTAL 119,857.79
- -----------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------
DISBURSEMENTS FOR CINEMAS
- -----------------------------------------------------------------------------------------------------------------
29-May Gramercy Wire #58 492.08
- -----------------------------------------------------------------------------------------------------------------
29-May Checks 11619 and 11620 269.20
- -----------------------------------------------------------------------------------------------------------------
30-May Wire #59 83.71
- -----------------------------------------------------------------------------------------------------------------
TOTAL 844.99
- -----------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------
INTERCOMPANY TRANSFERS
- -----------------------------------------------------------------------------------------------------------------
3-May To UBOC Acct. # Payroll 110,000.00
07007494365
- -----------------------------------------------------------------------------------------------------------------
16-May To UBOC Acct. # Payroll 65,000.00
07007494365
- -----------------------------------------------------------------------------------------------------------------
16-May To UBOC Acct. # Tax payable 10,000.00
2180038712
- -----------------------------------------------------------------------------------------------------------------
23-May To UBOC Acct. # Payroll 10,000.00
07007494365
- -----------------------------------------------------------------------------------------------------------------
29-May To UBOC Acct. # Tax payable 10,000.00
2180038712
- -----------------------------------------------------------------------------------------------------------------
TOTAL 205,000.00
- -----------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------
TOTAL ACCOUNTS PAYABLE DISBURSEMENTS 1,543,790.92
=================================================================================================================
Page 7 of 17
I. CASH RECEIPTS AND DISBURSEMENTS (Continued)
B. (PAYROLL ACCOUNT)
- --------------------------------------------------------------------------------------- ---------------------
1. TOTAL RECEIPTS PER ALL PRIOR PAYROLL ACCOUNT REPORTS 760,535.93
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
2. LESS: TOTAL DISBURSEMENTS PER ALL PRIOR PAYROLL ACCOUNT REPORTS 820,852.57
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
3. BEGINNING BALANCE (60,316.64)
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
4. RECEIPTS DURING CURRENT PERIOD 185,000.00
- --------------------------------------------------------------------------------------- ---------------------
TRANSFERRED FROM GENERAL ACCOUNT
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
5. BALANCE: 124,683.36
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
6. LESS: TOTAL DISBURSEMENTS DURING CURRENT PERIOD 187,184.63
- --------------------------------------------------------------------------------------- ---------------------
- --------------------------------------------------------------------------------------- ---------------------
7. ENDING BALANCE (62,501.27)
- --------------------------------------------------------------------------------------- ---------------------
- ------------------------------------------------------- -----------------------------------------------------
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)
- -----------------------------------------------------------------------------------------------------------------
MAY 11, 2001 PAYROLL RUN - SUMMARY OF EXPENSE
- -----------------------------------------------------------------------------------------------------------------
Wages Earned - Normal Recurring 63,425.79
- -----------------------------------------------------------------------------------------------------------------
Wages Earned - Adjustments & Voids 249.85
- -----------------------------------------------------------------------------------------------------------------
Wage Garnishments 27.23
- -----------------------------------------------------------------------------------------------------------------
Federal Income Taxes 8,197.43
- -----------------------------------------------------------------------------------------------------------------
Social Security 10,244.95
- -----------------------------------------------------------------------------------------------------------------
Medicare 2,395.85
- -----------------------------------------------------------------------------------------------------------------
State Unemployment Taxes - Employer 1,618.59
- -----------------------------------------------------------------------------------------------------------------
Federal Unemployment Taxes 383.58
- -----------------------------------------------------------------------------------------------------------------
State Unemployment Taxes - Employee 732.25
- -----------------------------------------------------------------------------------------------------------------
State Income Taxes 1,486.37
- -----------------------------------------------------------------------------------------------------------------
TOTAL 88,761.89
- -----------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------
MAY 11, 2001 PAYROLL RUN - SUMMARY OF DISBURSEMENTS
- -----------------------------------------------------------------------------------------------------------------
ADP Checks Issued [Net salary plus tax] 88,512.04
- -----------------------------------------------------------------------------------------------------------------
Manual Checks, etc. 249.85
- -----------------------------------------------------------------------------------------------------------------
TOTAL 88,761.89
- -----------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------
MAY 25, 2001 PAYROLL RUN - SUMMARY OF EXPENSE
- -----------------------------------------------------------------------------------------------------------------
Wages Earned - Normal Recurring 70,928.43
- -----------------------------------------------------------------------------------------------------------------
Wages Earned - Adjustments & Voids 176.94
- -----------------------------------------------------------------------------------------------------------------
Wage Garnishments 27.23
- -----------------------------------------------------------------------------------------------------------------
Federal Income Taxes 8,839.31
- -----------------------------------------------------------------------------------------------------------------
Social Security 11,335.94
- -----------------------------------------------------------------------------------------------------------------
Medicare 2,651.29
- -----------------------------------------------------------------------------------------------------------------
State Unemployment Taxes - Employer 1,515.35
- -----------------------------------------------------------------------------------------------------------------
Federal Unemployment Taxes 444.51
- -----------------------------------------------------------------------------------------------------------------
State Unemployment Taxes - Employee 781.28
- -----------------------------------------------------------------------------------------------------------------
State Income Taxes 1,722.46
- -----------------------------------------------------------------------------------------------------------------
TOTAL 98,422.74
- -----------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------
MAY 25, 2001 PAYROLL RUN - SUMMARY OF DISBURSEMENTS
- -----------------------------------------------------------------------------------------------------------------
ADP Checks Issued [Net salary plus tax] 98,245.80
- -----------------------------------------------------------------------------------------------------------------
Manual Checks Issued 176.94
- -----------------------------------------------------------------------------------------------------------------
TOTAL 98,422.74
- -----------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------
TOTAL PAYROLL ACCOUNT DISBURSEMENTS 187,184.63
=================================================================================================================
Page 9 of 17
I. CASH RECEIPTS AND DISBURSEMENTS (Continued)
B. (TAX ACCOUNT)
- -----------------------------------------------------------------------------------------------------------------
1. TOTAL RECEIPTS PER ALL PRIOR TAX ACCOUNT REPORTS 40,000.00
- -----------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------
2. LESS: TOTAL DISBURSEMENTS PER ALL PRIOR TAX ACCOUNT REPORTS 34,702.29
- -----------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------
3. BEGINNING BALANCE 5,297.71
- -----------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------
4. RECEIPTS DURING CURRENT PERIOD
- -----------------------------------------------------------------------------------------------------------------
TRANSFERRED FROM GENERAL ACCOUNT 20,000.00
- -----------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------
5. BALANCE: 25,297.71
- -----------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------
6. LESS: TOTAL DISBURSEMENTS DURING CURRENT PERIOD
- -----------------------------------------------------------------------------------------------------------------
Date: 5/23/01, To: CA State Board of Equalization 9,424.00
- -----------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------
TOTAL DISBURSEMENTS THIS PERIOD 9,424.00
- -----------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------
7. ENDING BALANCE 15,873.71
- -----------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------ --------------------------------------------------------
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 (389,028.36)
- -----------------------------------------------------------------------------------------------------------------
PAYROLL ACCOUNT (62,501.27)
- -----------------------------------------------------------------------------------------------------------------
TAX ACCOUNT 15,873.71
- -----------------------------------------------------------------------------------------------------------------
OTHER ACCOUNTS *: 1,626,485.18
- -----------------------------------------------------------------------------------------------------------------
OTHER MONIES *: 0.00
- -----------------------------------------------------------------------------------------------------------------
PETTY CASH ** 0.00
- -----------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------
TOTAL CASH AVAILABLE 1,190,829.26
- -----------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------
* 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 1,497,257.05
- -----------------------------------------------------------------------------------------------------------------
FOB Cinemastar Luxury Cinemas, Inc. 0700494-373 2,533.71
- -----------------------------------------------------------------------------------------------------------------
Merchant 0700494-357 126,694.42
- -----------------------------------------------------------------------------------------------------------------
Moviefone 0700494-146 0.00
- -----------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------
Total 1,626,485.18
- -----------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------
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 5 $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 249,461.77
- -----------------------------------------------------------------------------------------------------------------
TOTAL WAGES PAID 187,184.63
- -----------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------
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 18,709.65 0.00
- -----------------------------------------------------------------------------------------------------------------
REAL PROPERTY 17,445.59 17,445.59 4/10/01
- -----------------------------------------------------------------------------------------------------------------
OTHER (SPECIFY)
- -----------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------
TOTAL 36,155.24 17,445.59
- -----------------------------------------------------------------------------------------------------------------
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 60,243.57
- -----------------------------------------------------------------------------------------------------------------
31-60 days 1,543.12
- -----------------------------------------------------------------------------------------------------------------
61-90 days
- -----------------------------------------------------------------------------------------------------------------
91-120 days
- -----------------------------------------------------------------------------------------------------------------
Over 120 days
- -----------------------------------------------------------------------------------------------------------------
TOTALS: 61,786.69
- -----------------------------------------------------------------------------------------------------------------
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 6/14/01
America
- -----------------------------------------------------------------------------------------------------------------
Umbrella Liability St. Paul's $10,000,000 10/14/01 6/14/01
Insurance Company
- -----------------------------------------------------------------------------------------------------------------
Automobile Liability Royal Insurance of $1,000,000 10/14/01 6/14/01
America
- -----------------------------------------------------------------------------------------------------------------
Directors & Officers National Union Fire $5,000,000 6/20/01 6/20/01
Liability Insurance Company
- -----------------------------------------------------------------------------------------------------------------
Workers Compensation State (of CA) Variable n/a 6/14/01
Compensation
Insurance Fund
- -----------------------------------------------------------------------------------------------------------------
Property Royal Insurance of $35,212,960 10/14/01 6/14/01
America
- -----------------------------------------------------------------------------------------------------------------
Vacant Property Royal Indemnity $1,500,000 12/14/01 6/14/01
Company
- -----------------------------------------------------------------------------------------------------------------
Foreign Package ACE USA $1,000,000 10/15/01 6/14/01
- -----------------------------------------------------------------------------------------------------------------
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 13 of 17
VII. PROFIT AND LOSS STATEMENT (ACCRUAL BASIS ONLY)
Cumulative
Current Month Post-Petition
------------- -------------
Admission Revenue 1,144,682 4,598,073
Concession Revenue 474,034 1,799,344
Video Revenue 21,305 92,234
Screen Advertising 10,366 40,825
Other Revenues 7,659 16,127
- --------------------------------------------------------------------------------------------------
Theater Revenue 1,658,045 6,546,603
Film Rental Expense 729,666 2,450,107
Concession COGS 65,180 259,543
- --------------------------------------------------------------------------------------------------
Theater Cost of Goods Sold 794,846 2,709,650
- --------------------------------------------------------------------------------------------------
Theater Gross Margin 863,199 3,836,953
- --------------------------------------------------------------------------------------------------
Salaries 144,167 645,231
Payroll Taxes 15,241 72,465
Rent Expense 268,111 1,463,593
CAM Expense 31,257 158,467
Utility Expense 47,106 302,773
Advertising Expense 20,225 100,508
Co-op Advertising Expense 9,857 27,013
Repairs & Maint Expense 9,088 61,694
Janitorial Services 21,007 111,662
Janitorial Supplies Expense 9,755 31,562
Insurance Expense 17,615 95,282
Property Taxes 27,325 140,308
Security Expense 2,901 21,209
Travel & Entertainment 598 2,178
Vehicle Expense 0 0
Supplies Expense 1,829 26,830
Banking Fees 4,004 29,803
Equipment Rental Expense 0 5,450
Outside Services Expense 0 1,507
Other Theater Expense 3,289 40,887
Pre-Opening Expense 0 0
- --------------------------------------------------------------------------------------------------
Theater Operating Expenses 633,373 3,338,424
- --------------------------------------------------------------------------------------------------
Operating Income 229,825 498,528
- --------------------------------------------------------------------------------------------------
General & Administrative Expenses 69,755 434,648
Deprec & Amortization 209,927 1,084,785
Interest Expense 45,598 237,453
Interest/Dividend Income (0) (16,905)
Taxes 482 2,407
Non-Recurring Income/Expense 0 (90,000)
- --------------------------------------------------------------------------------------------------
Non-Operating (Income)/Expense 325,762 1,652,388
- --------------------------------------------------------------------------------------------------
Net Income (95,936) (1,153,859)
==================================================================================================
Page 14 of 17
VIII. BALANCE SHEET (ACCRUAL BASIS ONLY)
Current Month End
-----------------
Cash 1,613,557
Accts Receivable (3,341)
Conc Inventory 62,392
Concession Rebates 6,971
Supplies Inventory 9,777
Prepaids 644,667
- -----------------------------------------------------------------------------------------
Current Assets 2,334,023
Fixed Assets 24,490,280
Accumulated Depreciation (13,547,832)
- -----------------------------------------------------------------------------------------
Net Fixed Assets 10,942,448
Deposits-Leases 43,789
Deposits-Concession 965
Deposits 200
Investment CLT SA de CV 22,875
Investment in Mexico 339,643
Goodwill - Mexico (140,133)
- -----------------------------------------------------------------------------------------
Other Assets 267,339
- -----------------------------------------------------------------------------------------
Assets 13,543,810
=========================================================================================
Accounts Payable 2,381,250
Accrued Payroll 265,104
Other Accruals 729,867
Deferred Revenue 460,370
Concession Advances 26,535
Short Term Notes Payable 0
- -----------------------------------------------------------------------------------------
Current Liabilities 3,863,125
Capital Leases (10,401)
Credit Facility Debt 2,175,000
Notes Payable 1,717,721
- -----------------------------------------------------------------------------------------
Debt and Capital Leases 3,882,321
Deferred Rent Accrual 4,184,480
Intercompany Accounts 2,206,198
- -----------------------------------------------------------------------------------------
Long-Term Liabilities 6,390,678
Common Stock 62,892
Additional Paid In Capital 29,642,292
Treasury Stock 0
Retained Earnings (26,278,047)
Current Year Retained Earnings (4,019,450)
Current Year Dividends 0
- -----------------------------------------------------------------------------------------
Shareholders' Equity (592,314)
- -----------------------------------------------------------------------------------------
Liabilities & Equity 13,543,810
=========================================================================================
Page 15 of 17
STATEMENT OF CASH FLOWS (Supplement to Balance Sheet)
Current Month
-------------
CASH FLOW FROM OPERATIONS
Net Income / (Loss) (95,936)
Depreciation & Amortization 209,927
Non-Cash Interest Expense 0
Deferred Rent 13,950
Changes in Operating Assets & Liabilities:
Change in Current Assets (150,782)
Change in Other Assets 0
Change in Accounts Payable 178,408
Change in Other Liabilities 23,619
- ------------------------------------------------------------------------------------------------
Net Cash Provided By / (Used In) Operations 179,184
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 144,184
- ------------------------------------------------------------------------------------------------
Beginning of Period Cash Balance 1,469,373
- ------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------
End of Period Cash Balance 1,613,557
================================================================================================
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: An initial plan of reorganization was filed on June
4, 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: June 17, 2001
s/ Donald H. Harnois, Jr.
----------------------------------
Principal for debtor-in-possession