DEBTOR IN POSSESSION OPERATING REPORT
SCOOP, INC., a Delaware corporation
Report Number: 14 Page 1 of 3
Debtor. For the period FROM: 9-1-99
TO: 9-30-99
Chapter 11 Case No.: SA 98-20799RA
1. Profit and Loss Statement (Accrual Basis Only)
A. Related to Business Operations:
Gross Sales 0.00
Less: Sales Returns and Discounts
Net Sales 0.00
Less: Cost of Goods Sold: N/A
Beginning Inventory at Cost NO INVENTORY N/A
Add: Purchases N/A
Less: Ending Inventory at Cost N/A
Cost of Goods Sold
Gross Profit
Other Operating Revenues (Specify)
Less: Operating Expenses:
Officer Compensation 0.00
Salaries and Wages - Other Employees (commissions) 0.00
Total Salaries and Wages
Employee Benefits and Pensions 0.00
Payroll Taxes
Real Estate Taxes
Federal and State Income Taxes
Total Taxes
Rent and Lease Exp. (Real Property and Personal Property)
Interest Expense (Mortgage, Loan, etc.)
Insurance
Automobile Expense
Utilities (Gas, Electricity, Water, Telephone, etc.)
Depreciation and Amortization
Repairs and Maintenance
Advertising
Supplies, Office Expenses, Photocopies, etc. 141.55
Bad Debts
Miscellaneous Operating Expenses (credit card discounts) 5.00
Total Operating Expenses 146.55
Net Gain/Loss from Business Operations (146.55)
B. Not Related to Business Operations:
Income:
Interest Income 3,077.33
Other Non-Operating Revenues (Specify)
Gross Proceeds on Sale of Assets
Less: Original Cost of Assets plus Expenses of Sale
Net Gain/Loss of Sale of Assets
Total Non-Operating Income 3,077.33
Expenses Not Related to Business Operations:
Legal and Professional Fees (Lobel, Opera & Friedman) 19,685.72
Other Non-Operating Expenses (Bleimiester/Allan),
Bankruptcy Admin. Fees 3,873.91
Total Non-Operating Expenses 23,559.63
NET INCOME/LOSS FOR PERIOD (20,628.86)
2. Aging of Accounts Payable and Accounts Receivable (exclude pre-petition
accounts payable):
Accounts Payable Accounts Receivable
Current Under 30 Days 22,500.00
Overdue 31 - 60 Days
Overdue 61 - 90 Days 840.00
Overdue 91 - 120 Days 140.00
Overdue Over 121 Days 5,322.00 10,855.00
TOTAL 28,802.00 10,855.00
3. State of Status of Payments to Secured Creditors and Lessors:
Post-Petition
Payments Not Made*
Frequency
of Payments Per Amount Next
Creditor/ Contract/Lease of Each Payment
Lessor (i.e. mo., qtr.) Payment Due Number Amount
------------------------- ------------------ --------------- ------------- ---------- -----------
------------------------- ------------------ --------------- ------------- ---------- -----------
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* Explanation for Non Payment:
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4. Tax Liability:
Gross Payroll Expense for Period: $0.00
Gross Sales for Period Subject to Sales Tax $0.00
Post-Petition
taxes Still
Date Paid Amount Paid* Owing
Federal Payroll and
Withholding Taxes
State Payroll and Withholding
Taxes
State Sales and Use Taxes 2034.37
Real Property Taxes
* Attach photocopies of depository receipts from taxing authorities
or financial institutions to verify that such deposits or
payments have been made.
5. Insurance Coverage Carrier/ Amount Policy Premium
Agent of Expiration Paid Through
Name Coverage Date Date
Worker's Compensation
Liability
Fire and Extended Coverage
Property
Theft
Life (Beneficiary:
__________________)
Vehicle
Other (Specify):
___________________
Director and Officer Insurance
6. Questions:
A. Has the Debtor in Possession provided compensation to any
officers, directors, shareholders, or other principals without
the approval of the Office of the United States Trustee?
[_] Yes Explain: -----------------------------------
[X] No
B. Has the Debtor in Possession, subsequent to the filing of the
petition, made any payments on its pre-petition unsecured debt, except
as have been authorized by the Court:
[_] Yes Explain: -----------------------------------
[X] No
7. Statement of Unpaid Professional Fees (Post-Petition Amounts Only)
State Type of Total Post-
Professional Petition Amount
Name of Professional (Attorney/Accountant/etc.) Unpaid
Lobel, Opera & Friedman Attorney 276,472.16
8. Narrative Report of Significant Events and Events out of the Ordinary
Course of Business: (Attach separate sheet if necessary)
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9. Quarterly Fees: (This Fee must be paid to the United States Trustee
every calendar quarter)
Quarterly Total Quarterly
Period Disbursements Quarterly Date Amount Check Fee Still
Ending For Quarter Fee Paid Paid No. Owing
9/30/98 321,808 3,750.00 11/4/98 3,750.00 1144 0
12/31/98 417,763 3,750.00 1/22/99 3,750.00 1178 0
3/31/99 20,222 500.00 5/4/99 500.00 1201 0
6/30/99 81,364 750.00 7/30/99 750.00 1222 0
9/30/99
I, (Name/Title: Kristy Allan, Chief Accounting Officer), declare under penalty
of perjury that the information contained in the above Debtor in Possession
Operating Report is true and complete to the best of my knowledge.
Dated: Nov. 1, 1999 /s/ Kristy Allan
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Debtor in Possession or Trustee