Exhibit 99.1
UNITED STATES BANKRUPTCY COURT
NORTHERN DISTRICT OF CALIFORNIA
In re: ATCOMM, INC. Case No. 01-32123 SFC11
CHAPTER 11
MONTHLY OPERATING REPORT
(GENERAL BUSINESS CASE)
SUMMARY OF FINANCIAL STATUS
MONTH ENDED: Oct-01 PETITION DATE: 08/15/01
1. Debtor in possession (or trustee) hereby submits this Monthly accounting
Operating Report on the Accrual Basis of (or if checked here the Office of
the U.S. Trustee or the Court has approved the Cash Basis of Accounting for
the Debtor). Dollar reported in $1
End of Current End of Prior As of Petition
2. Asset and Liability Structure Month Month Filing
----- ----- ------
a. Current Assets $ 1,404,750 $ 1,411,764
-------------- ------------
b. Total Assets $ 2,157,635 $ 2,179,011 $ 2,199,153
-------------- ------------ -------------
c. Current Liabilities $ 453,822 $ 273,277
-------------- ------------
d. Total Liabilities $ 7,249,732 $ 7,227,269 $ 6,979,833
-------------- ------------ -------------
Cumulative
3. Statement of Cash Receipts & Current Month Prior Month (Case to Date)
Disbursements for Month ------------- ----------- --------------
a. Total Receipts $ 280,789 $ 376,793 $ 521,079
------------ ---------- -----------
b. Total Disbursements $ 238,588 $ 271,068 $ 332,283
------------ ---------- -----------
c. Excess (Deficiency) of Receipts Over $ 42,201 $ 105,725 $ 188,796
Disbursements (a - b) ----------- ---------- -----------
d. Cash Balance Beginning of Month $ 376,033 $ 270,307 $ 123,713
------------ ---------- -----------
e. Cash Balance End of Month (c + d) $ 418,234 $ 376,033 $ 312,509
------------ ---------- -----------
Cumulative
Current Month Prior Month (Case to Date)
------------- ----------- --------------
4. Profit/(Loss) from the Statement of $ (26,199) $ (108,059) $ (185,719)
Operations ------------ ----------- ------------
5. Accounts Receivables (Pre and Post $ 183,064 $ 199,212
Petition) ------------ ----------
6. Post-Petition Liabilities $ 453,822 $ 273,277
------------ ----------
7. Past Due Post-Petition Account Payables $ - $ -
(over 30 days) ------------ ----------
At the end of this reporting month: Yes No
--- --
8. Have any payments been made on pre-petition debt, other
than payments in the normal course to secured creditors
(if yes, attach or lessors? listing including date of
payment, amount of payment and name of payee) X
-------- --------
9. Have any payments been made to (if yes, attach
professionals? listing including date of payment,
amount of payment, and name of payee) X
-------- --------
10. If the answer is yes to 8 or 9, were all such payments
approved by the court? X
-------- --------
11. Have any payments been made to officers, insiders,
shareholders, relatives?(if yes, attach listing
including date of payment, amount and reason for
payment, and name of payee) X
-------- --------
12. Is the estate insured for replacement cost of assets
and for general liability? X
-------- --------
13. Are a plan and disclosure on file? X
-------- --------
14. Was there any post-petition borrowing X
during this reporting period? -------- --------
15. Check if paid: Post-petition taxes yes; U.S. Trustee Quarterly Fees yes;
Check if filing is current for: Post-petition tax reporting and tax
returns: n/a.
(Attach explanation, if post-petition taxes or U.S. Trustee Quarterly Fees
are not paid current or if post-petition tax reporting and tax return
filings are not current.)
I declare under penalty of perjury I have reviewed the above summary and
attached financial statements, and after making reasonable inquiry believe these
documents are correct.
Date: 11/20/01 /s/ William H. Welling
- -------------- ----------------------
William H. Welling, Chairman & CEO
STATEMENT OF OPERATIONS
(General Business Case)
For the Month ended 10/31/01
Current Month - 10/31/01
------------------------
Cumulative Next Month
Actual Forecast Variance (Case to Date) Forecast
------ -------- -------- -------------- --------
Revenues:
$ 289,974 $ 270,000 $ 19,974 1. Gross Sales $ 647,008 $ 270,000
- --------- ---------- --------- ------------ ----------
$ - $ - $ - 2. Less: Sales Returns & Allowances $ - $ -
- --------- ---------- --------- ------------ ----------
$ 289,974 $ 270,000 $ 19,974 3. Net Sales $ 647,008 $ 270,000
- --------- ---------- --------- ------------ ----------
$ 23,302 $ 15,000 $ (8,302) 4. Less: Cost of Goods Sold (Schedule 'B') *$ 53,280 $ 15,000
- --------- ---------- --------- ------------ ----------
$ 266,672 $ 255,000 $ 11,672 5. Gross Profit $ 593,727 $ 255,000
- --------- ---------- --------- ------------ ----------
$ 197 $ - $ 197 6. Interest $ 1,330 $ -
- --------- ---------- --------- ------------ ----------
$ - $ - $ - 7. Other Income: $ - *$ -
- --------- ---------- --------- ------------ ----------
$ - $ - $ - 8. _______________________________________ $ - $ -
- --------- ---------- --------- ------------ ----------
$ - $ - $ - 9. _______________________________________ $ - $ -
- --------- ---------- --------- ------------ ----------
$ 266,869 $ 255,000 $ 11,869 10. Total Revenues $ 595,057 $ 255,000
- --------- ---------- --------- ------------ ----------
Expenses:
$ 38,196 $ 40,700 $ 2,504 11. Compensation to Owner(s)/Officer(s) $ 104,430 $ 38,200
- --------- ---------- --------- ------------ ----------
$ 116,989 $ 110,000 $ (6,989) 12. Salaries *$ 304,176 $ 110,000
- --------- ---------- --------- ------------ ----------
$ 5,345 $ 14,980 $ 9,635 13. Commissions *$ 22,463 $ 10,000
- --------- ---------- --------- ------------ ----------
$ - $ - $ - 14. Contract Labor $ - $ -
- --------- ---------- --------- ------------ ----------
Rent/Lease:
$ - $ - $ - 15. Personal Property $ - $ -
- --------- ---------- --------- ------------ ----------
$ 11,327 $ 15,000 $ 3,673 16. Real Property *$ 14,909 $ 15,000
- --------- ---------- --------- ------------ ----------
$ 17,415 $ 32,700 $ 15,285 17. Insurance *$ 97,966 $ 32,700
- --------- ---------- --------- ------------ ----------
$ - $ - $ - 18. Management Fees $ - $ -
- --------- ---------- --------- ------------ ----------
$ 14,363 $ 14,400 $ 37 19. Depreciation $ 35,906 $ 14,400
- --------- ---------- --------- ------------ ----------
Taxes:
$ 7,938 $ 8,400 $ 462 20. Employer Payroll Taxes $ 19,628 $ 8,400
- --------- ---------- --------- ------------ ----------
$ - $ - $ - 21. Real Property Taxes $ - $ -
- --------- ---------- --------- ------------ ----------
$ 6,200 $ 6,200 $ - 22. Other Taxes $ 18,600 $ 6,200
- --------- ---------- --------- ------------ ----------
$ - $ 3,000 $ 3,000 23. Other Selling $ 10,000 $ -
- --------- ---------- --------- ------------ ----------
$ 27,344 $ 50,000 $ 22,656 24. Other Administrative *$ 144,612 *$ 30,000
- --------- ---------- --------- ------------ ----------
$ 279 $ 400 $ 121 25. Interest $ 837 $ 400
- --------- ---------- --------- ------------ ----------
$ - $ - $ - 26. Other Expenses: 10Q Report $ 10,000 $ -
- --------- ---------- --------- ------------ ----------
$ - $ - $ - 27. _______________________________________ $ - $ -
- --------- ---------- --------- ------------ ----------
$ - $ - $ - 28. _______________________________________ $ - $ -
- --------- ---------- --------- ------------ ----------
$ - $ - $ - 29. _______________________________________ $ - $ -
- --------- ---------- --------- ------------ ----------
$ - $ - $ - 30. _______________________________________ $ - $ -
- --------- ---------- --------- ------------ ----------
$ - $ - $ - 31. _______________________________________ $ - $ -
- --------- ---------- --------- ------------ ----------
$ - $ - $ - 32. _______________________________________ $ - $ -
- --------- ---------- --------- ------------ ----------
$ - $ - $ - 33. _______________________________________ $ - $ -
- --------- ---------- --------- ------------ ----------
$ - $ - $ - 34. _______________________________________ $ - $ -
- --------- ---------- --------- ------------ ----------
$ 245,395 $ 295,780 $ 50,385 35. Total Expenses $ 783,527 $ 265,300
- --------- ---------- --------- ------------ ----------
$ 21,474 $ (40,780) $ 62,254 36. Subtotal $ (188,470) $ (10,300)
- --------- ---------- --------- ------------ ----------
Reorganization Items:
$ (46,423) $ (34,000) $ (12,423) 37. Professional Fees *$ (121,698) $ (35,000)
- --------- ---------- --------- ------------ ----------
$ - $ - $ - 38. Provisions for Rejected Executory $ - $ -
- --------- ---------- --------- Contracts ------------ ----------
$ - $ - $ - 39. Interest $ - $ -
- --------- ---------- --------- Earned on Accumulated ------------ ----------
Cash from Resulting Chp 11 Case
$ - $ - $ - 40. Gain or (Loss) $ - $ -
- --------- ---------- --------- from Sale of Equipment ------------ ----------
$ (1,250) $ - $ (1,250) 41. U.S. Trustee $ (1,250) $ -
- --------- ---------- --------- Quarterly Fees ------------ ----------
$ - $ - $ - 42. _______________________________________ $ - $ -
- --------- ---------- --------- ------------ ----------
$ (47,673) $ (34,000) $ (13,673) 43. Total $ (122,948) $ (35,000)
- --------- ---------- --------- Reorganization Items ------------ ----------
$ (26,199) $ (74,780) $ 48,581 44. Net Profit (Loss) $ (311,418) $ (45,300)
Before Federal & State Taxes
- --------- ---------- --------- ------------ ----------
$ - $ - $ - 45. Federal & State Income Taxes $ - $ -
- --------- ---------- --------- ------------ ----------
$ (26,199) $ (74,780) $ 48,581 46. Net Profit (Loss) $ (311,418) *$ (45,300)
========= ========== ========= ============ ==========
*See below for explanation of variance to Statement of Operations (For variances
greater than +/- 10% Only):
4. Cost of goods sold is higher due to variations in product mix.
7. Cumulative Other Income is restated to $0 due to an audit adjustment recorded
to reverse the forgiveness of debts recognized in the September 2001 monthly
report.
13. Commissions were overestimated. Certain sales commission are calculated and
processed on a quarterly basis.
16. Rent was overestimated.
17. No medical insurance was recognized due to expected credits from previous
overpayments.
24. Other Administrative expenses were Actual general administrative expenses
are lower overestimated. under reorganization and cost- containment plans.
24. Cumulative Other Administrative is restated to $144,612 based on a $39,460
translation adjustment recognized after the September 2001 monthly report was
filed.
37. Professional fees were overestimated based upon initial filing.
46. Cumulative Net Loss for September 2001 was restated to $(285,219) due to two
audit adjustments recorded after the filing of the monthly report for September
2001. First, the forgiveness of debts for $(57,100) recognized was reversed.
Second, a translation adjustment of $39,460 was recorded. The netted difference
is Ending Cumulative Net $(17,640). Loss for October 2001 is thus $(311,418).
BALANCE SHEET
(General Business Case)
For the Month ended 10/31/01
Assets
Current Assets From Schedules Market Value
-------------- ------------
1 Cash and cash equivalents - unrestricted $ 413,207
-----------
2 Cash and cash equivalents - restricted $ 5,027
-----------
3 Accounts receivable (net) A $ 183,064
-----------
4 Inventory B $ 611,027
-----------
5 Prepaid expenses $ 149,038
-----------
6 Professional retainers $ -
-----------
7 Other: Deposits $ 43,388
______________________________________________________ -----------
8 ____________________________________________________________________ $ -
-----------
9 Total Current Assets $ 1,404,750
-----------
Property and Equipment (Market Value)
10 Real property C $ -
-----------
11 Machinery and equipment D $ 638,496
-----------
12 Furniture and fixtures D $ 114,388
-----------
13 Office equipment D $ -
-----------
14 Leasehold improvements D $ -
-----------
15 Vehicles D $ -
-----------
16 Other: D $ -
-----------
17 ____________________________________________________________________ D $ -
-----------
18 ____________________________________________________________________ D $ -
-----------
19 ____________________________________________________________________ D $ -
-----------
20 ____________________________________________________________________ D $ -
-----------
21 Total Property and Equipment $ 752,884
-----------
Other Assets
22 Loan to shareholders $ -
-----------
23 Loans to affiliates $ -
-----------
24 ____________________________________________________________________ $ -
-----------
25 ____________________________________________________________________ $ -
-----------
26 ____________________________________________________________________ $ -
-----------
27 ____________________________________________________________________ $ -
-----------
28 Total Other Assets $ -
-----------
29 Total Assets $ 2,157,635
===========
NOTE:
The method used to estimate the market value of assets was familiarity with
comparable market prices.
Liabilities and Equity
(General Business Case)
Liabilities From Schedules
Post-Petition
Current Liabilities
30 Salaries and wages $ 29,845
------------
31 Payroll taxes $ -
------------
32 Real and personal property taxes $ -
------------
33 Income taxes $ -
------------
34 Sales taxes $ -
------------
35 Notes payable (short term) $ 558
------------
36 Accounts payable (trade) A $ 16,596
------------
37 Real property lease arrearage $ -
------------
38 Personal property lease arrearage $ -
------------
39 Accrued professional fees $ -
------------
40 Current portion of long-term post-petition debt (due within 12 mos) $ -
------------
41 Other: Deferred Revenue $ 360,477
------------
42 Additional Accruals $ 46,346
------------
43 ____________________________________________________________________ $ -
------------
44 Total Current Liabilities $ 453,822
------------
45 Long-Term Post-Petition Debt, Net of Current Portion $ -
------------
46 Total Post-Petition Liabilities $ 453,822
------------
Pre-Petition Liabilities (allowed amount)
47 Secured claims F $ -
------------
48 Priority unsecured claims F $ 28,000
------------
49 General unsecured claims F $ 6,767,910
------------
50 Total Pre-Petition Liabilities (See Attachment 1) $ 6,795,910
------------
51 Total Liabilities $ 7,249,732
------------
Equity (Deficit)
52 Retained Earnings/(Deficit) at time of filing $(50,382,195)
------------
53 Capital Stock $ 68,547
------------
54 Additional paid-in capital $ 45,532,968
------------
55 Cumulative profit/(loss) since filing of case $ (311,418)
------------
56 Post-petition contributions/(distributions) or (draws) $ -
------------
57 ____________________________________________________________________ $ -
------------
58 Market value adjustment $ -
------------
59 Total Equity (Deficit) $ (5,092,097)
------------
60 Total Liabilities and Equity (Deficit) $ 2,157,635
============
SCHEDULES TO THE BALANCE SHEET
(General Business Case)
Schedule A
Accounts Receivable and (Net) Payable
Accounts Receivable Accounts Payable Past Due
Receivables and Payables Agings [Pre and Post Petition] [Post Petition] Post Petition Debt
----------------------- --------------- ------------------
0-30 Days $ 161,956 $ 16,596
---------------------- --------------
31-60 Days $ 80,944 $ -
--------------------- -------------
61-90 Days $ 45,571 $ - $ -
--------------------- ------------- ----------------
91+ Days $ 255,654 $ -
---------------------- -------------
Total accounts receivable/payable $ 544,125 $ 16,596
---------------------- --------------
Allowance for doubtful accounts $ 361,061
----------------------
Accounts receivable (net) $ 183,064
======================
Schedule B
Inventory/Cost of Goods Sold
Types and Amount of Inventory(ies) Cost of Goods Sold
- ---------------------------------- ------------------
Inventory(ies)
Balance at
End of Month Inventory Beginning of Month $ 617,537
------------ -----------
Add -
Retail/Restaurants - Net purchase
Product for resale Direct labor
Manufacturing overhead
Distribution - Freight in
Products for resale Others:
Raw Materials to Finished Goods $ 16,792
Conversion -----------
Manufacturer -
Raw Materials $ 275,134
---------------
Work-in-progress $ 40,832 Less -
---------------
Finished goods $ 295,061 Inventory End of Month $ 611,027
--------------- -----------
Other - Explain $ - Shrinkage $ -
--------------- -----------
Liquidation of Inventory $ -
- --------------- -----------
Reserve for obsolesce $ -
- --------------- -----------
Cost of Goods Sold $ 23,302
- --------------- -----------
TOTAL $ 611,027
===============
Method of Inventory Control Inventory Valuation Methods
Do you have a functioning perpetual inventory system? Indicate by a checkmark method of inventory
used.
Yes x No
----- -----
How often do you take a complete physical inventory? Valuation methods -
FIFO cost x
Weekly ----- LIFO cost -----
Monthly ----- Lower of cost or market -----
Quarterly ----- Retail method -----
Semi-annually ----- Other -----
Annually x Explain -----
-----
Date of last physical inventory was 12/31/00
------------------------------------------------------------------------------------
Date of next physical inventory is 12/31/01
------------------------------------------------------------------------------------
Schedule C
Real Property
Description Cost Market Value
---- -------------
- ------------------------------------------------ --------- ------------
- ------------------------------------------------ --------- ------------
- ------------------------------------------------ --------- ------------
- ------------------------------------------------ --------- ------------
Total $ - $ -
========= ============
Schedule D
Other Depreciable Assets
Description Cost *Market Value
---- -------------
Machinery & Equipment -
Computers, purchased software, network equipment $ 655,256 $ 638,496
- ------------------------------------------------ --------- ------------
- ------------------------------------------------ --------- ------------
- ------------------------------------------------ --------- ------------
- ------------------------------------------------ --------- ------------
Total $ 655,256 $ 638,496
========= ============
Furniture & Fixtures -
Cubicles, workstations $ 126,354 $ 114,388
- ------------------------------------------------ --------- ------------
- ------------------------------------------------ --------- ------------
- ------------------------------------------------ --------- ------------
- ------------------------------------------------ --------- ------------
Total $ 126,354 $ 114,388
========= ============
Office Equipment -
- ------------------------------------------------ --------- ------------
- ------------------------------------------------ --------- ------------
- ------------------------------------------------ --------- ------------
- ------------------------------------------------ --------- ------------
Total $ - $ -
========= ============
Leasehold Improvements -
- ------------------------------------------------ --------- ------------
- ------------------------------------------------ --------- ------------
- ------------------------------------------------ --------- ------------
- ------------------------------------------------ --------- ------------
Total $ - $ -
========= ============
Vehicles -
- ------------------------------------------------ --------- ------------
- ------------------------------------------------ --------- ------------
- ------------------------------------------------ --------- ------------
- ------------------------------------------------ --------- ------------
Total $ - $ -
--------- ------------
*Note: Market Value equals to Net Book Value (Liquidation value may be
significantly lower).
Schedule E
Aging of Post-Petition Taxes
(As of End of the Current Reporting Period)
Taxes Payable 0-30 Days 31-60 Days 61-90 Days 91+ Days Total
--------- ---------- ---------- -------- -----
Federal
Income Tax Withholding
--------- -------- -------- --------- -----------
FICA - Employee
--------- -------- -------- --------- -----------
FICA - Employer
--------- -------- -------- --------- -----------
Unemployment (FUTA)
--------- -------- -------- --------- -----------
Income
--------- -------- -------- --------- -----------
Other (Attach List)
--------- -------- -------- --------- -----------
Total Federal Taxes $ - $ - $ - $ - $ -
--------- -------- -------- --------- -----------
State and Local
--------- -------- -------- --------- -----------
Income Tax Withholding
--------- -------- -------- --------- -----------
Unemployment (UT)
--------- -------- -------- --------- -----------
Disability Insurance (DI)
--------- -------- -------- --------- -----------
Empl. Training Tax (ETT)
--------- -------- -------- --------- -----------
Sales $ 11,371 $ - $ - $ - $ 11,371
--------- -------- -------- --------- -----------
Excise
--------- -------- -------- --------- -----------
Real property
--------- -------- -------- --------- -----------
Personal property
--------- -------- -------- --------- -----------
Income
--------- -------- -------- --------- -----------
Other - Delaware Franchise Tax
--------- -------- -------- --------- -----------
Total State & Local Taxes $ 11,371 $ - $ - $ - $ 11,371
--------- -------- -------- --------- -----------
Total Taxes $ 11,371 $ - $ - $ - $ 11,371
========= ======== ======== ========= ===========
Schedule F
Pre-Petition Liabilities
Claimed Allowed
List Total Claims for Each Classification - Amount Amount(b)
- ------------------------------------------- ------ ---------
Secured claims (a)
------------ -----------
Priority claims other than taxes
------------ -----------
Priority tax claims $ 28,000
------------ -----------
General unsecured claims* $ 6,767,910
------------ -----------
(a) List total amount of claims even it under secured.
(b) Estimated amount of claim to be allowed after compromise or litigation.As
an example, you are a defendant in a lawsuit alleging damage of $10,000,000
and a proof of claim is filed in You that amount. believe that you can
settle the case for a claim of $3,000,000. For Schedule F reporting
purposes you Should list $10,000,000 as the Claimed Amount and $3,000,000
as the Allowed Amount.
Schedule G
Rental Income Information
Not applicable to General Business Cases
Schedule H
Recapitulation of Funds Held at End of Month
Account 1 Account 2 Account 3 Account 4
Bank Silicon Valley Bank Silicon Valley Bank Merrill Lynch Borel Bank
------------------ ------------------ --------------- --------------
Account Type DIP - Payroll DIP - Operating General Business MMA
------------------ ------------------ --------------- --------------
Account No. 3300275654 3300316743 632-07789 22018716
------------------ ------------------ --------------- --------------
Account Purpose DIP - Payroll DIP - Operating General Restricted A/C
------------------ ------------------ --------------- --------------
Balance, End of Month $ 10,887 $ 270,704 $ 18,514 $ 2,315
------------------ ------------------ --------------- --------------
Attach copies of the month end bank statement(s), reconciliation(s), and the check register(s) to the Monthly Operating Report.
Account 1 Account 2 Account 3 Account 4
Bank Bank of America Bank of America Fleet World Savings
------------------ ------------------ --------------- --------------
Account Type DIP - General DIP - Credit Card DIP - General CD Account
------------------ ------------------ --------------- --------------
Account No. 3755509581 3755509594 94475-90706 01-545339-2
------------------ ------------------ --------------- --------------
Account Purpose DIP - General DIP - Credit Card DIP - General Restricted A/C
------------------ ------------------ --------------- --------------
Balance, End of Month $ 107,530 $ 49 $ 4,992 $ 2,712
------------------ ------------------ --------------- --------------
Attach copies of the month end bank statement(s), reconciliation(s), and the check register(s) to the Monthly Operating Report.
Account 1 Account 2 Account 3 Account 4
Bank On Hand
------------------ ------------------ --------------- --------------
Account Type Petty Cash
------------------ ------------------ --------------- --------------
Account No.
------------------ ------------------ --------------- --------------
Account Purpose Petty Cash
------------------ ------------------ --------------- --------------
Balance, End of Month $ 530
------------------ ------------------ --------------- --------------
Total Funds on Hand for all Accounts $ 418,234
==================
Cash on Balance Sheet $ 418,234
==================
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
Increase/(Decrease) in Cash and Cash Equivalents
For the Month Ended 10/31/01
Actual Cumulative
Current Month (Case to Date)
------------- --------------
Cash Receipts
1 Rent/Leases Collected $ - $ -
------------- ------------
2 Cash Received from Sales $ 280.759 $ 864,552
------------- ------------
3 Interest Received $ 30 $ 319
------------- ------------
4 Borrowings $ - $ -
------------- ------------
5 Funds from Shareholders, Partners, or Other Insiders $ - $ -
------------- ------------
6 Capital Contributions $ - $ -
------------- ------------
7 Misc. Deposits $ - $ 33,000
------------- ------------
8 Liquidation of Inventory $ - $ -
------------- ------------
9 ____________________________________________________ $ - $ -
------------- ------------
10 ____________________________________________________ $ - $ -
------------- ------------
11 ____________________________________________________ $ - $ -
------------- ------------
12 Total Cash Receipts $ 280,789 $ 897,872
------------- ------------
Cash Disbursements
13 Payments for Inventory $ - $ -
------------- ------------
14 Selling $ - $ -
------------- ------------
15 Administrative $ 111,610 $ 252,664
------------- ------------
16 Capital Expenditures $ - $ -
------------- ------------
17 Principal Payments on Debt $ - $ -
------------- ------------
18 Interest Paid $ - $ -
------------- ------------
Rent/Lease:
19 Personal Property $ - $ -
------------- ------------
20 Real Property $ 5,954 $ 32,491
------------- ------------
Amount Paid to Owner(s)/Officer(s)
21 Salaries $ 38,365 $ 95,464
------------- ------------
22 Draws $ - $ -
------------- ------------
23 Commissions/Royalties $ - $ -
------------- ------------
24 Expense Reimbursements $ - $ -
------------- ------------
25 Other $ - $ -
------------- ------------
26 Salaries/Commissions (less employee withholding) $ 39,874 $ 120,335
------------- ------------
27 Management Fees $ - $ -
------------- ------------
Taxes:
------------- ------------
28 Employee Withholding $ 34,836 $ 81,517
------------- ------------
29 Employer Payroll Taxes $ 7,949 $ 20,880
------------- ------------
30 Real Property Taxes $ - $ -
------------- ------------
31 Other Taxes $ - $ -
------------- ------------
32 Other Cash Outflows: $ - $ -
------------- ------------
33 ____________________________________________________ $ - $ -
------------- ------------
34 ____________________________________________________ $ - $ -
------------- ------------
35 ____________________________________________________ $ - $ -
------------- ------------
36 ____________________________________________________ $ - $ -
------------- ------------
37 ____________________________________________________ $ - $ -
------------- ------------
38 Total Cash Disbursements: $ 238,588 $ 603,351
------------- ------------
39 Net Increase (Decrease) in Cash $ 42,201 $ 294,521
------------- ------------
40 Cash Balance, Beginning of Period $ 376,033 $ 123,713
------------- ------------
41 Cash Balance, End of Period $ 418,234 $ 418,234
============= ============