EXHIBIT 99.1
- ---------------------------------
CASE NAME: DataVoN, Inc. Et al Monthly Operating Report
- ---------------------------------
ACCRUAL BASIS
- ---------------------------------
CASE NUMBER: 02-38600-RCM 10/14/02, RWD, 02/96 & 07/99
- ---------------------------------
UNITED STATES BANKRUPTCY COURT
NORTHERN DISTRICT OF TEXAS
DALLAS DIVISION
MONTHLY OPERATING REPORT - CONSOLIDATED
MONTH ENDING: November 30, 2002
-----------
I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY
OPERATING REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-7) AND THE ACCOMPANYING
ATTACHMENTS AND THESE DOCUMENTS ARE TRUE, CORRECT AND COMPLETE. DECLARATION OF
THE PREPARER IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE.
RESPONSIBLE PARTY:
President
- --------------------------------------- ------------------------------------
ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE
W. Britt Birdwell
- --------------------------------------- ------------------------------------
PRINTED NAME OF RESPONSIBLE PARTY DATE
PREPARER:
Vice President - Finance
- --------------------------------------- ------------------------------------
ORIGINAL SIGNATURE OF PREPARER TITLE
Larry Dewey CPA
- --------------------------------------- ------------------------------------
PRINTED NAME OF PREPARER DATE
Cover Sheet
- ----------------------------------
CASE NAME: DataVoN, Inc. Et al Monthly Operating Report
- ----------------------------------
ACCRUAL BASIS - 1
- ----------------------------------
CASE NUMBER: 02-38600-RCM 10/14/02, RWD, 02/96 & 07/99
- ----------------------------------
=======================================================================================================================
COMPARATIVE BALANCE SHEET SCHEDULE MONTH MONTH MONTH
--------------- --------------- --------------- ---------------
AMOUNT Sep 2002 Oct 2002 Nov 2002
=======================================================================================================================
ASSETS
- -----------------------------------------------------------------------------------------------------------------------
1. UNRESTRICTED CASH $ 21,429.00 $ 21,522.00 $ 1,126,354.00 $ 2,322,389.00
- -----------------------------------------------------------------------------------------------------------------------
2. RESTRICTED CASH $ -
- -----------------------------------------------------------------------------------------------------------------------
3. TOTAL CASH $ 21,429.00 $ 21,522.00 $ 1,126,354.00 $ 2,322,389.00
=======================================================================================================================
4. ACCOUNTS RECEIVABLE (NET) $ 2,920,920.00 $ 4,410,851.00 $ 4,372,878.00 $ 3,834,132.00
- -----------------------------------------------------------------------------------------------------------------------
5. INVENTORY $ -
- -----------------------------------------------------------------------------------------------------------------------
6. NOTES RECEIVABLE $ -
- -----------------------------------------------------------------------------------------------------------------------
7. PREPAID EXPENSES $ 297,839.00 $ 394,129.00 $ 443,247.00 $ 237,769.00
- -----------------------------------------------------------------------------------------------------------------------
8. OTHER $ -
- -----------------------------------------------------------------------------------------------------------------------
9. TOTAL CURRENT ASSETS $ 3,240,188.00 $ 4,826,502.00 $ 5,942,479.00 $ 6,394,290.00
=======================================================================================================================
10. PROPERTY, PLANT & EQUIPMENT $ 7,160,855.00 $ 7,180,382.00 $ 7,513,209.00
- -----------------------------------------------------------------------------------------------------------------------
11. LESS: ACCUMULATED DEPRECIATION/DEPLETION $ - $ 2,018,089.00 $ 2,162,844.00 $ 2,320,080.00
- -----------------------------------------------------------------------------------------------------------------------
12. NET PROPERTY, PLANT & EQUIPMENT $ 4,636,630.00 $ 5,142,766.00 $ 5,017,538.00 $ 5,193,129.00
=======================================================================================================================
13. DUE FROM INSIDERS $ 11,111.00 $ 10,333.00 $ 6,945.00 $ 36,040.00
- -----------------------------------------------------------------------------------------------------------------------
14. OTHER ASSETS - (Lease Deposits) $ 213,523.00 $ 222,123.00 $ 195,011.00 $ 186,252.00
- -----------------------------------------------------------------------------------------------------------------------
15. OTHER - Cisco Systems Equipment Purchase Credit $ 1,200,000.00
- -----------------------------------------------------------------------------------------------------------------------
16. TOTAL ASSETS $ 9,301,452.00 $ 10,201,724.00 $ 11,161,973.00 $ 11,809,711.00
=======================================================================================================================
POSTPETITION LIABILITIES
- -----------------------------------------------------------------------------------------------------------------------
17. ACCOUNTS PAYABLE $ 808,881.00 $ 1,000,498.00
- -----------------------------------------------------------------------------------------------------------------------
18. TAXES PAYABLE - Property $ 24,112.00 $ 26,523.00
- -----------------------------------------------------------------------------------------------------------------------
19. NOTES PAYABLE
- -----------------------------------------------------------------------------------------------------------------------
20. PROFESSIONAL FEES
- -----------------------------------------------------------------------------------------------------------------------
21. SECURED DEBT
- -----------------------------------------------------------------------------------------------------------------------
22. OTHER (ATTACH LIST)
- -----------------------------------------------------------------------------------------------------------------------
23. TOTAL POSTPETITION LIABILITIES $ - $ - $ 832,993.00 $ 1,027,021.00
=======================================================================================================================
PREPETITION LIABILITIES
- -----------------------------------------------------------------------------------------------------------------------
24. SECURED DEBT $ 3,038,471.00 $ 3,038,471.00 $ 3,038,471.00 $ 3,038,471.00
- -----------------------------------------------------------------------------------------------------------------------
25. PRIORITY DEBT $ 25,000.00 $ 25,000.00 $ 25,000.00 $ 25,000.00
- -----------------------------------------------------------------------------------------------------------------------
26. UNSECURED DEBT $ 10,909,293.00 $ 8,277,003.00 $ 8,277,003.00 $ 8,277,003.00
- -----------------------------------------------------------------------------------------------------------------------
27. OTHER (SEE ATTACHED) $ 2,806,119.00 $ 2,806,119.00 $ 2,780,844.00
- -----------------------------------------------------------------------------------------------------------------------
28. TOTAL PREPETITION LIABILITIES
=======================================================================================================================
29. TOTAL LIABILITIES $ 13,972,764.00 $ 14,146,593.00 $ 14,979,586.00 $ 15,148,339.00
=======================================================================================================================
EQUITY
- -----------------------------------------------------------------------------------------------------------------------
30. PREPETITION OWNERS' EQUITY $ (4,671,312.00) $ (3,944,869.00) $ (3,944,869.00) $ (3,944,869.00)
- -----------------------------------------------------------------------------------------------------------------------
31. POSTPETITION CUMULATIVE PROFIT (LOSS) $ 127,256.00 $ 606,241.00
- -----------------------------------------------------------------------------------------------------------------------
32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION)
- -----------------------------------------------------------------------------------------------------------------------
33. TOTAL EQUITY $ (4,671,312.00) $ (3,944,869.00) $ (3,817,613.00) $ (3,338,628.00)
=======================================================================================================================
34. TOTAL LIABILITIES & OWNERS' EQUITY $ 9,301,452.00 $ 10,201,724.00 $ 11,161,973.00 $ 11,809,711.00
=======================================================================================================================
Balance Sheet
---------------------------------
CASE NAME: DataVoN, Inc. Et al Monthly Operating Report
---------------------------------
ACCRUAL BASIS - 2
---------------------------------
CASE NUMBER: 02-38600-RCM 10/14/02, RWD, 02/96 & 07/99
---------------------------------
===================================================================================================================
INCOME STATEMENT MONTH MONTH MONTH QUARTER
-------------- -------------- -------------- --------------
Sep 2002 Oct 2002 Nov 2002 TOTALS
===================================================================================================================
REVENUES
-------------------------------------------------------------------------------------------------------------------
1. GROSS REVENUES $ 3,164,248.00 $ 3,120,986.00 $ 3,134,691.00 $ 9,419,925.00
-------------------------------------------------------------------------------------------------------------------
2. LESS: RETURNS & DISCOUNTS $ 21,806.00 $ 39,694.00 $ 22,157.00 $ 83,657.00
-------------------------------------------------------------------------------------------------------------------
3. NET REVENUE $ 3,142,442.00 $ 3,081,292.00 $ 3,112,534.00 $ 9,336,268.00
===================================================================================================================
COST OF GOODS SOLD
-------------------------------------------------------------------------------------------------------------------
4. MATERIAL (Telecom Services) $ 2,345,552.00 $ 2,315,465.00 $ 2,353,869.00 $ 7,014,886.00
-------------------------------------------------------------------------------------------------------------------
5. DIRECT LABOR $ -
-------------------------------------------------------------------------------------------------------------------
6. DIRECT OVERHEAD $ -
-------------------------------------------------------------------------------------------------------------------
7. TOTAL COST OF GOODS SOLD $ 2,345,552.00 $ 2,315,465.00 $ 2,353,869.00 $ 7,014,886.00
===================================================================================================================
8. GROSS PROFIT $ 796,890.00 $ 765,827.00 $ 758,665.00 $ 2,321,382.00
===================================================================================================================
OPERATING EXPENSES
-------------------------------------------------------------------------------------------------------------------
9. OFFICER / INSIDER COMPENSATION $ 67,293.00 $ 62,668.00 $ 61,584.00 $ 191,545.00
-------------------------------------------------------------------------------------------------------------------
10. SELLING & MARKETING $ -
-------------------------------------------------------------------------------------------------------------------
11. GENERAL & ADMINISTRATIVE $ 476,799.00 $ 362,712.00 $ 287,149.00 $ 1,126,660.00
-------------------------------------------------------------------------------------------------------------------
12. RENT & LEASE $ 24,561.00 $ 24,525.00 $ 24,525.00 $ 73,611.00
-------------------------------------------------------------------------------------------------------------------
13. OTHER $ -
-------------------------------------------------------------------------------------------------------------------
14. TOTAL OPERATING EXPENSES $ 568,653.00 $ 449,905.00 $ 373,258.00 $ 1,391,816.00
===================================================================================================================
15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE $ 228,237.00 $ 315,922.00 $ 385,407.00 $ 929,566.00
===================================================================================================================
OTHER INCOME & EXPENSES
-------------------------------------------------------------------------------------------------------------------
16. NON-OPERATING INCOME (SEE ATTACHED) $ 613,994.00 $ 337,105.00 $ 951,099.00
-------------------------------------------------------------------------------------------------------------------
17. NON-OPERATING EXPENSE $ -
-------------------------------------------------------------------------------------------------------------------
18. INTEREST EXPENSE $ 62,105.00 $ 43,911.00 $ 44,228.00 $ 150,244.00
-------------------------------------------------------------------------------------------------------------------
19. DEPRECIATION / DEPLETION $ 142,357.00 $ 144,755.00 $ 157,236.00 $ 444,348.00
-------------------------------------------------------------------------------------------------------------------
20. AMORTIZATION $ -
-------------------------------------------------------------------------------------------------------------------
21. OTHER - (Loss on Sales of Equipment) $ (193.00) $ (193.00)
-------------------------------------------------------------------------------------------------------------------
22. NET OTHER INCOME & EXPENSES $ 409,339.00 $ (188,666.00) $ 135,641.00 $ 356,314.00
===================================================================================================================
REORGANIZATION EXPENSES
-------------------------------------------------------------------------------------------------------------------
23. PROFESSIONAL FEES $ 41,813.00 $ 41,813.00
-------------------------------------------------------------------------------------------------------------------
24. U.S. TRUSTEE FEES $ 250.00 $ 250.00
-------------------------------------------------------------------------------------------------------------------
25. OTHER (ATTACH LIST) $ -
-------------------------------------------------------------------------------------------------------------------
26. TOTAL REORGANIZATION EXPENSES $ - $ - $ 42,063.00 $ 42,063.00
===================================================================================================================
27. INCOME TAX
===================================================================================================================
28. NET PROFIT (LOSS) $ 637,576.00 $ 127,256.00 $ 478,985.00 $ 1,243,817.00
===================================================================================================================
Income Statement
- ------------------------------------
CASE NAME: DataVoN, Inc. Et al Monthly Operating Report
- ------------------------------------
ACCRUAL BASIS - 3
- ------------------------------------
CASE NUMBER: 02-38600-RCM 10/14/02, RWD, 02/96 & 07/99
- ------------------------------------
=========================================================================================================================
CASH RECEIPTS AND DISBURSEMENTS MONTH MONTH MONTH QUARTER
---------------- ---------------- ---------------- ----------------
Sep 2002 Oct 2002 Nov 2002 TOTALS
=========================================================================================================================
1. CASH - BEGINNING OF MONTH $ 299,102.00 $ 21,522.00 $ 1,126,354.00 $ 1,446,978.00
=========================================================================================================================
RECEIPTS FROM OPERATIONS
- -------------------------------------------------------------------------------------------------------------------------
2. CASH SALES $ -
=========================================================================================================================
COLLECTION OF ACCOUNTS RECEIVABLE
- -------------------------------------------------------------------------------------------------------------------------
3. PREPETITION $ 2,166,053.00 $ 2,964,999.00 $ 15,212.31 $ 5,146,264.31
- -------------------------------------------------------------------------------------------------------------------------
4. POSTPETITION $ - $ 46,266.00 $ 3,567,781.22 $ 3,614,047.22
- -------------------------------------------------------------------------------------------------------------------------
5. TOTAL OPERATING RECEIPTS $ 2,166,053.00 $ 3,011,265.00 $ 3,582,993.53 $ 8,760,311.53
=========================================================================================================================
NON-OPERATING RECEIPTS
- -------------------------------------------------------------------------------------------------------------------------
6. LOANS & ADVANCES (ATTACH LIST) $ - $ -
- -------------------------------------------------------------------------------------------------------------------------
7. SALE OF ASSETS $ - $ -
- -------------------------------------------------------------------------------------------------------------------------
8. OTHER (SEE ATTACHED) $ - $ 61,243.00 $ 32,402.33 $ 93,645.33
- -------------------------------------------------------------------------------------------------------------------------
9. TOTAL NON-OPERATING RECEIPTS $ - $ 61,243.00 $ 32,402.33 $ 93,645.33
=========================================================================================================================
10. TOTAL RECEIPTS $ 2,166,053.00 $ 3,072,508.00 $ 3,615,395.86 $ 8,853,956.86
=========================================================================================================================
11. TOTAL CASH AVAILABLE $ 2,465,155.00 $ 3,094,030.00 $ 4,741,749.86 $ 10,300,934.86
=========================================================================================================================
OPERATING DISBURSEMENTS
- -------------------------------------------------------------------------------------------------------------------------
12. NET PAYROLL $ 207,879.00 $ 159,550.00 $ 190,336.49 $ 557,765.49
- -------------------------------------------------------------------------------------------------------------------------
13. PAYROLL TAXES PAID $ 10,809.00 $ 10,120.00 $ 10,791.59 $ 31,720.59
- -------------------------------------------------------------------------------------------------------------------------
14. SALES, USE & OTHER TAXES PAID $ 714.00 $ 714.00
- -------------------------------------------------------------------------------------------------------------------------
15. SECURED / RENTAL / LEASES $ 24,561.00 $ 49,044.48 $ 73,605.48
- -------------------------------------------------------------------------------------------------------------------------
16. UTILITIES $ 661.00 $ 23.06 $ 684.06
- -------------------------------------------------------------------------------------------------------------------------
17. INSURANCE $ 18,882.00 $ 19,944.00 $ 14,255.00 $ 53,081.00
- -------------------------------------------------------------------------------------------------------------------------
18. INVENTORY PURCHASES - (Telecom Services) $ 1,874,979.00 $ 1,743,560.00 $ 2,068,096.18 $ 5,686,635.18
- -------------------------------------------------------------------------------------------------------------------------
19. VEHICLE EXPENSES $ -
- -------------------------------------------------------------------------------------------------------------------------
20. TRAVEL $ 1,700.00 $ 3,477.26 $ 5,177.26
- -------------------------------------------------------------------------------------------------------------------------
21. ENTERTAINMENT $ -
- -------------------------------------------------------------------------------------------------------------------------
22. REPAIRS & MAINTENANCE $ 243.00 $ 243.00
- -------------------------------------------------------------------------------------------------------------------------
23. SUPPLIES $ -
- -------------------------------------------------------------------------------------------------------------------------
24. ADVERTISING $ 4,000.00 $ 4,000.00
- -------------------------------------------------------------------------------------------------------------------------
25. OTHER (SEE ATTACHED) $ 299,448.00 $ 34,259.00 $ 83,086.97 $ 416,793.97
- -------------------------------------------------------------------------------------------------------------------------
26. TOTAL OPERATING DISBURSEMENTS $ 2,443,633.00 $ 1,967,676.00 $ 2,419,111.03 $ 6,830,420.03
=========================================================================================================================
REORGANIZATION EXPENSES
- -------------------------------------------------------------------------------------------------------------------------
27. PROFESSIONAL FEES $ - $ -
- -------------------------------------------------------------------------------------------------------------------------
28. U.S. TRUSTEE FEES $ - $ 250.00 $ 250.00
- -------------------------------------------------------------------------------------------------------------------------
29. OTHER (ATTACH LIST) $ - $ -
- -------------------------------------------------------------------------------------------------------------------------
30. TOTAL REORGANIZATION EXPENSES $ - $ - $ 250.00 $ 250.00
=========================================================================================================================
31. TOTAL DISBURSEMENTS $ 2,443,633.00 $ 1,967,676.00 $ 2,419,361.03 $ 6,830,670.03
=========================================================================================================================
32. NET CASH FLOW $ (277,580.00) $ 1,104,832.00 $ 1,196,034.83 $ 2,023,286.83
=========================================================================================================================
33. CASH - END OF MONTH $ 21,522.00 $ 1,126,354.00 $ 2,322,388.83
=========================================================================================================================
Cash Receipts
- ---------------------------------------
CASE NAME:
- --------------------------------------- Monthly Operating Report
ACCRUAL BASIS - 4
- ---------------------------------------
CASE NUMBER: 10/14/02, RWD, 02/96 & 07/99
- ---------------------------------------
====================================================================================================================================
ACCOUNTS RECEIVABLE AGING MONTH MONTH MONTH
SCHEDULE ---------------------------------------------------------------
AMOUNT Sep-02 Oct-02 Nov-02
====================================================================================================================================
1. 0 - 30 $2,536,541.00 $3,819,903.00 $3,540,396.00 $3,001,080.00
- ------------------------------------------------------------------------------------------------------------------------------------
2. 31 - 60 $ 496,600.00 $ 70,510.00 $ 248,798.00 $ 111,873.00
- ------------------------------------------------------------------------------------------------------------------------------------
3. 61 - 90 $ 54,942.00 $ 5,775.00 $ 63,346.00 $ 95,440.00
- ------------------------------------------------------------------------------------------------------------------------------------
4. 91+ $ 468,079.00 $ 514,663.00 $ 568,338.00 $1,356,981.00
- ------------------------------------------------------------------------------------------------------------------------------------
5. TOTAL ACCOUNTS RECEIVABLE $3,556,162.00 $4,410,851.00 $4,420,878.00 $4,565,374.00
- ------------------------------------------------------------------------------------------------------------------------------------
6. AMOUNT CONSIDERED UNCOLLECTIBLE $ 635,242.00 $ 635,242.00 $ 683,242.00 $ 731,242.00
- ------------------------------------------------------------------------------------------------------------------------------------
7. ACCOUNTS RECEIVABLE (NET) $2,920,920.00 $3,775,609.00 $3,737,636.00 $3,834,132.00
- ------------------------------------------------------------------------------------------------------------------------------------
=======================================
AGING OF POSTPETITION TAXES AND MONTH: Nov-02
PAYABLES ---------------------------------
====================================================================================================================================
TAXES PAYABLE 0 - 30 31 - 60 61 - 90 91+ TOTAL
DAYS DAYS DAYS DAYS
====================================================================================================================================
1. FEDERAL $ -
- ------------------------------------------------------------------------------------------------------------------------------------
2. STATE $ -
- ------------------------------------------------------------------------------------------------------------------------------------
3. LOCAL $ -
- ------------------------------------------------------------------------------------------------------------------------------------
4. OTHER (ATTACH LIST) $ -
- ------------------------------------------------------------------------------------------------------------------------------------
5. TOTAL TAXES PAYABLE $ - $ - $ - $ -
====================================================================================================================================
====================================================================================================================================
6. ACCOUNTS PAYABLE $1,000,498.00 $1,000,498.00
====================================================================================================================================
=======================================
STATUS OF POSTPETITION TAXES MONTH: 02-Nov
---------------------------------
====================================================================================================================================
TAXES PAYABLE BEGINNING TAX AMOUNT WITHHELD AMOUNT PAID ENDING TAX
LIABILITY* AND OR ACCRUED LIABILITY
====================================================================================================================================
1. WITHHOLDING** $ -
- ----------------------------------------------------------------------------------------------------------------
2. FICA-EMPLOYEE** $ -
- ----------------------------------------------------------------------------------------------------------------
3. FICA-EMPLOYER** $ -
- ----------------------------------------------------------------------------------------------------------------
4. UNEMPLOYMENT $ -
- ------------------------------------------------------------------------------------------------------------------------------------
5. INCOME
- ------------------------------------------------------------------------------------------------------------------------------------
6. OTHER (ATTACH LIST)
- ------------------------------------------------------------------------------------------------------------------------------------
7. TOTAL FEDERAL TAXES $ - $ - $ -
====================================================================================================================================
STATE AND LOCAL
- ------------------------------------------------------------------------------------------------------------------------------------
8. WITHHOLDING
- ------------------------------------------------------------------------------------------------------------------------------------
9. SALES
- ------------------------------------------------------------------------------------------------------------------------------------
10. EXCISE
- ------------------------------------------------------------------------------------------------------------------------------------
11. UNEMPLOYMENT
- ------------------------------------------------------------------------------------------------------------------------------------
12. REAL PROPERTY
- ------------------------------------------------------------------------------------------------------------------------------------
13. PERSONAL PROPERTY $ - $ 26,523.00 $ - $ 26,523.00
- ------------------------------------------------------------------------------------------------------------------------------------
14. OTHER (ATTACH LIST)
- ------------------------------------------------------------------------------------------------------------------------------------
15. TOTAL STATE & LOCAL $ - $ 26,523.00 $ - $ 26,523.00
====================================================================================================================================
16. TOTAL TAXES $ - $ 26,523.00 $ - $ 26,523.00
====================================================================================================================================
* The beginning tax liability should represent the liability from the prior
month or if this is the first operating report, the amount should be zero.
** Attach photocopies of IRS Form 6123 or your EID coupon and payment receipt
to verify payment or deposit
Acct Rec. - Taxes
=======================================
CASE NAME: DataVoN, Inc. Et al Monthly Operating Report
- ---------------------------------------
ACCRUAL BASIS - 5
- ---------------------------------------
CASE NUMBER: 02-38600-RCM 10/14/02, RWD, 02/96 & 07/99
=======================================
The debtor in possssion must complete the reconciliation below for each bank
account, including all general, payroll and tax accounts, as well as all savings
and investment accounts, money market accounts, certificates of deposit,
government obligations, etc. Accounts with restricted funds should be identified
by placing an asterisk next to the account number. Attach additional sheets if
necessary.
=======================================
BANK RECONCILIATION MONTH: 30-Nov-02
----------------------------------------------------------
ACCOUNT #1 ACCOUNT #2 ACCOUNT #3
====================================================================================================================================
A. BANK Bank of Texas
- ------------------------------------------------------------------------------------------------------------
B. ACCOUNT NUMBER: 2891009041 TOTAL
- ------------------------------------------------------------------------------------------------------------
C. PURPOSE (TYPE): DIP Operating
====================================================================================================================================
1. BALANCE PER BANK STATEMENT $ 1,164.54 $ 1,164.54
- ------------------------------------------------------------------------------------------------------------========================
2. ADD: TOTAL DEPOSITS NOT CREDITED $ -
- ------------------------------------------------------------------------------------------------------------========================
3. SUBTRACT OUTSTANDING CHECKS $ -
- ------------------------------------------------------------------------------------------------------------========================
4. OTHER RECONCILING ITEMS $ -
- ------------------------------------------------------------------------------------------------------------========================
5. MONTH END BALANCE PER BOOKS $ 1,164.54 $ - $ 1,164.54
- ------------------------------------------------------------------------------------------------------------========================
6. NUMBER OF LAST CHECK WRITTEN
====================================================================================================================================
=======================================
INVESTMENT ACCOUNTS
====================================================================================================================================
BANK, ACCOUNT NAME & NUMBER DATE OF TYPE OF PURCHASE PRICE CURRENT VALUE
PURCHASE INSTRUMENT
====================================================================================================================================
7. NONE
- ------------------------------------------------------------------------------------------------------------------------------------
8.
- ------------------------------------------------------------------------------------------------------------------------------------
9.
- ------------------------------------------------------------------------------------------------------------------------------------
10.
- ------------------------------------------------------------------------------------------------------------------------------------
11. TOTAL INVESTMENTS NONE
====================================================================================================================================
=======================================
CASH
====================================================================================================================================
12. CURRENCY ON HAND NONE
====================================================================================================================================
13. TOTAL CASH - END OF MONTH $ 2,322,389.21
====================================================================================================================================
============================================================
CASE NAME: DataVoN, Inc. Et al Monthly Operating Report
- ------------------------------------------------------------
ACCRUAL BASIS - 6
- ------------------------------------------------------------
CASE NUMBER: 02-38600-RCM 10/14/02, RWD, 02/96 & 07/99
============================================================
============================================================
PAYMENTS TO INSIDERS AND PROFESSIONALS MONTH: Nov-02
============================================================ ------------------------
Of the total disbursements shown for the month, list the amount paid to Insiders (as defined in Section 101 (31)
(A) - (F) of the U.S. Bankruptcy Code) and to Professionals. Also, for payments to Insiders, identify the type of
compensation paid (e.g. Salary, Bonus, Commissions, Insurance, Housing Allowance, Travel, Car Allowance, etc.)
attach additional sheets if necessary.
=============================================================================================
INSIDERS
=============================================================================================
NAME TYPE OF PAYMENT AMOUNT PAID TOTAL PAID TO DATE
=============================================================================================
1. W Britt Birdwell Salary $ 10,000.00
- ---------------------------------------------------------------------------------------------
2. Michael Donahoe Salary $ 11,917.00
- ---------------------------------------------------------------------------------------------
3. Chad Frazier Salary $ 11,917.00
- ---------------------------------------------------------------------------------------------
4. Robert Birdwell Salary $ 5,000.00
- ---------------------------------------------------------------------------------------------
5. Rodney Jones Salary $ 11,917.00
- ---------------------------------------------------------------------------------------------
6. Larry Dewey Salary $ 10,833.00
- ---------------------------------------------------------------------------------------------
7. TOTAL PAYMENTS TO INSIDERS $61,584.00
=============================================================================================
====================================================================================================================================
PROFESSIONALS
====================================================================================================================================
NAME DATE OF COURT TOTAL
ORDER AMOUNT AMOUNT PAID TOTAL PAID TO INCURRED &
AUTHORIZING APPROVED DATE UNPAID*
PAYMENT
====================================================================================================================================
1.
- ------------------------------------------------------------------------------------------------------------------------------------
2.
- ------------------------------------------------------------------------------------------------------------------------------------
3.
- ------------------------------------------------------------------------------------------------------------------------------------
4.
- ------------------------------------------------------------------------------------------------------------------------------------
5.
- ------------------------------------------------------------------------------------------------------------------------------------
6. TOTAL PAYMENTS TO PROFESSIONALS $ - $ - $ - $ -
====================================================================================================================================
*INCLUDE ALL FEES INCURRED. BOTH APPROVED AND UNAPPROVED
=============================================================================================
POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE, AND
ADEQUATE PROTECTION PAYMENTS.
=============================================================================================
=============================================================================================
NAME OF CREDITOR SCHEDULED AMOUNTS PAID TOTAL UNPAID
MONTHLY DURING MONTH POSTPETITION
PAYMENTS DUE
=============================================================================================
1. Lee Barton $ - $ 1,000,000.00
- ---------------------------------------------------------------------------------------------
2. Tim Terrell $ - $ 500,000.00
- ---------------------------------------------------------------------------------------------
3. Transcom Communications, Inc. $ - $ 1,192,229.00
- ---------------------------------------------------------------------------------------------
4. Regions Bank $ - $ 346,242.00
- ---------------------------------------------------------------------------------------------
5. Dell Financial Services $ 20,476.64
- ---------------------------------------------------------------------------------------------
6. Gulfcoast Leasing $ 10,000.00
- ---------------------------------------------------------------------------------------------
7. Cit Financial $ 1,076.50
- ---------------------------------------------------------------------------------------------
8. TOTAL $ - $ 31,553.14 $ 3,038,471.00
=============================================================================================
Indiders Profess.
======================================
CASE NAME: DataVoN, Inc. Et al Monthly Operating Report
- --------------------------------------
ACCRUAL BASIS - 7
- --------------------------------------
CASE NUMBER: 02-38600-RCM 10/14/02, RWD, 02/96 & 07/99
======================================
MONTH: Nov-02
----------------------------
====================================================================================================================================
QUESTIONNAIRE
====================================================================================================================================
YES NO
- ------------------------------------------------------------------------------------------------------------------------------------
1. HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE THE NORMAL COURSE OF BUSINESS THIS
REPORTING PERIOD? X
- ------------------------------------------------------------------------------------------------------------------------------------
2. HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT OTHER THAN A DEBTOR IN POSSESSION ACCOUNT? X
- ------------------------------------------------------------------------------------------------------------------------------------
3. ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES, OR LOANS) DUE FROM RELATED
PARTIES? X
- ------------------------------------------------------------------------------------------------------------------------------------
4. HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES THIS REPORTING PERIOD?
- ------------------------------------------------------------------------------------------------------------------------------------
5. HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE DEBTOR FROM ANY PARTY? X
- ------------------------------------------------------------------------------------------------------------------------------------
6. ARE ANY POSTPETITION PAYROLL TAXES PAST DUE? X
- ------------------------------------------------------------------------------------------------------------------------------------
7. ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES PAST DUE? X
- ------------------------------------------------------------------------------------------------------------------------------------
8. ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE? X
- ------------------------------------------------------------------------------------------------------------------------------------
9. ARE ANY OTHER POSTPETITION TAXES PAST DUE? X
- ------------------------------------------------------------------------------------------------------------------------------------
10. ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS DELINQUENT? X
- ------------------------------------------------------------------------------------------------------------------------------------
11. HAVE ANY PREPETITION TAXES BEEN PAID DURING THE REPORTING PERIOD? X
- ------------------------------------------------------------------------------------------------------------------------------------
12. ARE ANY WAGE PAYMENTS PAST DUE? X
- ------------------------------------------------------------------------------------------------------------------------------------
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "YES," PROVIDE A DETAILED EXPLANATION OF EACH ITEM.
ATTACH ADDITIONAL SHEETS IF NECESSARY.
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
INSURANCE
====================================================================================================================================
YES NO
====================================================================================================================================
1. ARE WORKER'S COMPENSATION, GENERAL LIABILITY AND OTHER NECESSARY INSURANCE COVERAGES
IN EFFECT? X
- ------------------------------------------------------------------------------------------------------------------------------------
2. ARE ALL PREMIUM PAYMENTS PAID CURRENT? X
- ------------------------------------------------------------------------------------------------------------------------------------
3. PLEASE ITEMIZE POLICIES BELOW
- ------------------------------------------------------------------------------------------------------------------------------------
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "NO," OR IF ANY POLICIES HAVE BEEN CANCELLED OR NOT RENEWED DURING THIS
REPORTING PERIOD. PROVIDE AN EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY.
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
INSTALLMENT PAYMENTS
====================================================================================================================================
TYPE OF POLICY CARRIER PERIOD COVERED PAYMENT AMOUNT &
FREQUENCY
- ------------------------------------------------------------------------------------------------------------------------------------
General Liability, Workers Comp St Paul Insurance 7-02 to 7-03
- ------------------------------------------------------------------------------------------------------------------------------------
Group Health Principal Financial Group 8-02 to 8-03
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Questionnaire
Case Name Datavon, Inc. Et al
Case Number 02-38600-RCM
Monthly Operating Report
Supporting Schedules - Comparative Balance Sheet
Month Ended November 30, 2002
Comparative Balance Sheet
Note - The Company's operating reports are prepared using generally accepted
accounting principles. The Debtor's schedules were prepared under another
basis of accounting. Accordingly, some discrepancies are due to the use
of different accounting methods.
Line 4 - Accounts Receivable
The accounts receivable per the Debtor's schedule may not include all
accrued but unbilled receivables at September 30, 2002. Discrepancies are
currently being researched by the new VP of Finance and, if necessary, an
adjustment will be made to the Debtor's schedule and/or operating report
when all information becomes available.
Sep 2002 Oct 2002 Nov 2002
----------------- ---------------- ----------------
Line 24 - Secured Debt
Note Payable - Lee Barton 1,000,000 1,000,000 1,000,000
Note Payable - Tim Terrell 500,000 500,000 500,000
Note Payable - Regions Bank 346,242 346,242 346,242
Note Payable - Transcom Communications,Inc
Account Payable - Transcom Communications,Inc 1,192,229 1,192,229 1,192,229
---------------------------------------------------------
Totals 3,038,471 3,038,471 3,038,471
=========================================================
Line 27 - Other Prepetition Liabilities
Capitalized Lease Obligations
CIT - Copier 19,953 19,953 18,877
Gulfcoast - Telecom Equipment 72,000 72,000 66,000
Sun Microsystems - Telecom Equipment 138,826 138,826 138,826
Cisco Systems Capital - Telecom Equipment 2,417,412 2,417,412 2,417,412
VAResourses 57,421 57,421 57,421
Dell Financial Services 100,507 100,507 82,308
---------------------------------------------------------
Totals 2,806,119 2,806,119 2,780,844
=========================================================
Case Name Datavon, Inc. Et al
Case Number 02-38600-RCM
Monthly Operating Report
Supporting Schedules - Income Statement
Month Ended November 30, 2002
Sep 2002 Oct 2002 Nov 2002
----------------- ---------------- ----------------
Other Income & Expense
Line 16 - Non-Operating Income
Payable Correction 613,994
=================
Equipment Received from Cisco Systems
under Settlement Agreement 337,105
================
Case Name Datavon, Inc. Et al
Case Number 02-38600-RCM
Monthly Operating Report
Supporting Schedules - Cash Receipts and Disbursements
Month Ended November 30, 2002
Oct 2002 Nov 2002
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Line 8 - Other Non-operating Receipts
Customer Deposits 60,000 29,750
Employee Reimbursements 1,243 1,872
Vendor Reimbursements 780
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61,243 32,402
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Line 25 - Other Operating Disbursements
Contracted Services 19,002 56,102
Office Expense 2,219 16,970
Pension Cost 7,449
Bank Charges 4 235
Employee Advance 856
Postage Deposit 600
Equipment Purchases 8,000
Fees 20
Telephone 3,578 2,310
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TOTALS 34,259 83,086
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