EXHIBIT 99.1
UNITED STATES BANKRUPTCY COURT
NORTHERN DISTRICT OF CALIFORNIA
In re: SONICblue Inc CASE NO. 03-51775 msj, 03-51776 msj,
Diamond Multimedia Systems, Inc 03-51777 msj, 03-51778 msj
ReplayTV, Inc
Sensory Science Corporation CHAPTER 11
MONTHLY OPERATING REPORT
(GENERAL BUSINESS CASE)
SUMMARY OF FINANCIAL STATUS
MONTH ENDED: Sep-05 PETITION DATE: 03/21/03
1. Debtor in possession (or trustee) hereby submits this Monthly Operating
Report on the Accrual Basis of accounting (or if checked here [ ] the
Office of the U.S. Trustee or the Court has approved the Cash Basis of
Accounting for the Debtor). Dollars reported in $1
END OF CURRENT END OF PRIOR AS OF PETITION
MONTH MONTH FILING
-------------- ------------ --------------
2. ASSET AND LIABILITY STRUCTURE
a. Current Assets $ 78,264,140 $ 78,253,387 $167,641,723
-------------- ------------ ------------
b. Total Assets $ 78,264,140 $ 78,253,387 $171,565,518
-------------- ------------ ------------
c. Current Liabilities $ 997,806 $ 928,040 $259,140,287
-------------- ------------ ------------
d. Total Liabilities $ 237,601,972 $237,532,206 $283,757,820
-------------- ------------ ------------
CUMULATIVE
CURRENT MONTH PRIOR MONTH (CASE TO DATE)
------------- ----------- --------------
3. STATEMENT OF CASH RECEIPTS & DISBURSEMENTS FOR MONTH
a. Total Receipts (includes net cash rec'd/paid to acquirer) $ 45,978 $ 49,432 $120,561,186
------------- ----------- ------------
b. Total Disbursements $ 34,962 $ 338,477 $ 45,361,931
------------- ----------- ------------
c. Excess (Deficiency) of Receipts Over Disbursements (a - b) $ 11,016 ($ 289,045) $ 75,199,255
------------- ----------- ------------
d. Cash Balance Beginning of Month $ 78,253,124 $78,542,169 $ 3,064,884
------------- ----------- ------------
e. Cash Balance End of Month (c + d) $ 78,264,140 $78,253,124 $ 78,264,139
------------- ----------- ------------
CUMULATIVE
CURRENT MONTH PRIOR MONTH (CASE TO DATE)
------------- ----------- --------------
4. PROFIT/(LOSS) FROM THE STATEMENT OF OPERATIONS ($ 59,013) ($ 380,152) ($90,723,949)
---------- ----------- ------------
5. ACCOUNT RECEIVABLES (PRE AND POST PETITION) $ 0 $ 0
---------- ----------- ------------
6. POST-PETITION LIABILITIES $ 997,806 $ 928,040
---------- ----------- ------------
7. PAST DUE POST-PETITION ACCOUNT PAYABLES (OVER 30 DAYS) $ 0 $ 0
---------- ----------- ------------
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 or lessors? (if yes, attach listing including date of
payment, amount of payment and name of payee) X
------------- ------------
9. Have any payments been made to professionals? (if yes, attach 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?
------------- ------------
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 (Exhibit 1)
------------- ------------
12. Is the estate insured for replacement cost of assets and for general liability? X
------------- ------------
13. Are a plan and disclosure statement on file? X
------------- ------------
14. Was there any post-petition borrowing during this reporting period? X
------------- ------------
15. Check if paid: Post-petition taxes X ; U.S. Trustee Quarterly Fees X ; Check if filing is current for: Post-petition tax
reporting and tax returns: __2002 tax return preparation is in progress (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: __________________ ___________________________________
Responsible Individual
BALANCE SHEET
(GENERAL BUSINESS CASE)
FOR THE MONTH ENDED 09/30/05
FROM SCHEDULES MARKET VALUE
-------------- ------------
ASSETS
CURRENT ASSETS
1 Cash and cash equivalents - unrestricted $ 78,264,140
------------
2 Cash and cash equivalents - restricted $ 0
------------
3 Accounts receivable (net) A $ 0
------------
4 Inventory B $ 0
------------
5 Prepaid expenses $ 0
------------
6 Professional retainers
------------
7 Other:
--------------------------------- ------------
8 --------------------------------------- ------------
9 TOTAL CURRENT ASSETS $ 78,264,140
------------
PROPERTY AND EQUIPMENT (MARKET VALUE)
10 Real property C $ 0
------------
11 Machinery and equipment D $ 0
------------
12 Furniture and fixtures D $ 0
------------
13 Office equipment D $ 0
------------
14 Leasehold improvements D $ 0
------------
15 Vehicles D $ 0
------------
16 Other: D
--------------------------------- ------------
17 D
--------------------------------------- ------------
18 D
--------------------------------------- ------------
19 D
--------------------------------------- ------------
20 D
--------------------------------------- ------------
21 TOTAL PROPERTY AND EQUIPMENT $ 0
------------
OTHER ASSETS
22 Loans to shareholders
------------
23 Loans to affiliates
------------
24
--------------------------------------- ------------
25
--------------------------------------- ------------
26
--------------------------------------- ------------
27
--------------------------------------- ------------
28 TOTAL OTHER ASSETS $ 0
------------
29 TOTAL ASSETS $ 78,264,140
============
NOTE:
Indicate the method used to estimate the market value of assets (e.g.,
appraisals; familiarity with comparable market prices, etc.) and the date
the value was determined.
LIABILITIES AND EQUITY
(GENERAL BUSINESS CASE)
LIABILITIES FROM SCHEDULES
POST-PETITION
CURRENT LIABILITIES
30 Salaries and wages
--------------
31 Payroll taxes
--------------
32 Real and personal property taxes
--------------
33 Income taxes
--------------
34 Sales taxes
--------------
35 Notes payable (short term)
--------------
36 Accounts payable (trade) A $ 0
--------------
37 Real property lease arrearage
--------------
38 Personal property lease arrearage
--------------
39 Accrued professional fees $ 997,806
--------------
40 Current portion of long-term post-petition debt (due within 12 months)
--------------
41 Other:
-------------------------------------------- --------------
42
-------------------------------------------------- --------------
43
-------------------------------------------------- --------------
44 TOTAL CURRENT LIABILITIES $ 997,806
--------------
45 LONG-TERM POST-PETITION DEBT, NET OF CURRENT PORTION
--------------
46 TOTAL POST-PETITION LIABILITIES $ 997,806
--------------
PRE-PETITION LIABILITIES (ALLOWED AMOUNT)
47 Secured claims F $ 0
--------------
48 Priority unsecured claims F $ 0
--------------
49 General unsecured claims F $ 0
--------------
50 TOTAL PRE-PETITION LIABILITIES $ 236,604,166
--------------
51 TOTAL LIABILITIES $ 237,601,972
--------------
EQUITY (DEFICIT)
52 Retained Earnings/(Deficit) at time of filing ($ 644,469,546)
--------------
53 Capital Stock $ 419,094,388
--------------
54 Additional paid-in capital $ 156,761,274
--------------
55 Cumulative profit/(loss) since filing of case ($ 90,723,948)
--------------
56 Post-petition contributions/(distributions) or (draws)
--------------
57
-------------------------------------------------- --------------
58 Market value adjustment
--------------
59 TOTAL EQUITY (DEFICIT) ($ 159,337,832)
--------------
60 TOTAL LIABILITIES AND EQUITY (DEFICIT) $ 78,264,140
==============
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 $ 0
-------- ------
31-60 Days $ 0
-------- ------
61-90 Days $ 0 $ 0
-------- ------ ------
91+ Days $595,070
-------- ------
Total accounts receivable/payable $595,070 $ 0
-------- ======
Allowance for doubtful accounts $595,070
--------
Accounts receivable (net) $ 0
========
SCHEDULE B
INVENTORY/COST OF GOODS SOLD
INVENTORY(IES)
BALANCE AT
TYPES AND AMOUNT OF INVENTORY(IES) END OF MONTH COST OF GOODS SOLD
- ---------------------------------- ------------ ------------------
INVENTORY BEGINNING OF MONTH $ 0
------------
Add -
Retail/Restaurants - Net purchase
------------
Product for resale $ 0 Direct labor
------------ ------------
Manufacturing overhead
------------
Distribution - Freight in
------------
Products for resale Other:
------------ ------------
$ 0
--------------------------------- ------------
--------------------------------- ------------
Manufacturer -
Raw Materials ------------
Work-in-progress ------------ Less -
------------ Inventory End of Month $ 0
Finished goods ------------
Shrinkage
------------
Other - Explain ------------ Personal Use
------------
----------------------------------
---------------------------------- Cost of Goods Sold $ 0
============
TOTAL $ 0
============
METHOD OF INVENTORY CONTROL INVENTORY VALUATION METHODS
Do you have a functioning perpetual inventory system? Indicate by a checkmark method of inventory used.
Yes [ ] No [ ]
How often do you take a complete physical inventory? Valuation methods -
FIFO cost
---
Weekly LIFO cost
----------- ---
Monthly Lower of cost or market
----------- ---
Quarterly Retail method
----------- ---
Semi-annually Other
----------- ---
Annually Explain
-----------
Date of last physical inventory was
------------ ----------------------------------------------
----------------------------------------------
Date of next physical inventory is
------------ ----------------------------------------------
SCHEDULE C
REAL PROPERTY
Description COST MARKET VALUE
---- -------------
----------------------------------------- ---- -------------
----------------------------------------- ---- -------------
----------------------------------------- ---- -------------
----------------------------------------- ---- -------------
----------------------------------------- ---- -------------
----------------------------------------- ---- -------------
Total $ 0 $ 0
==== =============
SCHEDULE D
OTHER DEPRECIABLE ASSETS
Description COST MARKET VALUE
- --------------------------------------------- ---- -------------
Machinery & Equipment -
----------------------------------------- ---- -------------
----------------------------------------- ---- -------------
----------------------------------------- ---- -------------
----------------------------------------- ---- -------------
Total $ 0 $ 0
==== =============
Furniture & Fixtures -
----------------------------------------- ---- -------------
----------------------------------------- ---- -------------
----------------------------------------- ---- -------------
----------------------------------------- ---- -------------
Total $ 0 $ 0
==== =============
Office Equipment -
----------------------------------------- ---- -------------
----------------------------------------- ---- -------------
----------------------------------------- ---- -------------
----------------------------------------- ---- -------------
Total $ 0 $ 0
==== =============
Leasehold Improvements -
----------------------------------------- ---- -------------
----------------------------------------- ---- -------------
----------------------------------------- ---- -------------
----------------------------------------- ---- -------------
Total $ 0 $ 0
==== =============
Vehicles -
----------------------------------------- ---- -------------
----------------------------------------- ---- -------------
----------------------------------------- ---- -------------
----------------------------------------- ---- -------------
Total $ 0 $ 0
==== =============
STATEMENT OF OPERATIONS
(GENERAL BUSINESS CASE)
For the Month Ended 09/30/05
CURRENT MONTH
- ------------------------------- CUMULATIVE NEXT MONTH
ACTUAL FORECAST VARIANCE (CASE TO DATE) FORECAST
- ---------- --------- --------- -------------- ----------
REVENUES:
$ 0 1 Gross Sales $ 7,257,704
--------- -------- ------- ------------ --------
$ 0 2 less: Sales Returns & Allowances $ 4,063,280
--------- -------- ------- ------------ --------
$ 0 $ 0 3 Net Sales $ 3,194,424 $ 0
--------- -------- ------- ------------ --------
$ 0 4 less: Cost of Goods Sold (Schedule 'B') $ 2,236,107
--------- -------- ------- ------------ --------
$ 0 $ 0 5 Gross Profit $ 958,317 $ 0
--------- -------- ------- ------------ --------
$ 0 6 Interest $ 0
--------- -------- ------- ------------ --------
$ 0 7 Other Income: $ 3,827,735
--------- -------- ------- ---------------------------- ------------- --------
$ 0 8 Gain or (Loss) on UMC sales ($ 16,535,860)
--------- -------- ------- ------------ --------
$ 0 9 $ 0
--------- -------- ------- ------------------------------------------ ------------ --------
$ 0 $ 0 $ 0 10 TOTAL REVENUES ($ 11,749,808) $ 0
--------- -------- ------- ------------ --------
EXPENSES:
$ 9,000 ($ 9,000) 11 Compensation to Owner(s)/Officer(s) $ 746,032
--------- -------- ------- ------------ --------
$ 11,550 ($11,550) 12 Salaries $ 1,747,196
--------- -------- ------- ------------ --------
$ 0 13 Commissions $ 0
--------- -------- ------- ------------ --------
$ 16,758 ($16,758) 14 Contract Labor $ 225,600
--------- -------- ------- ------------ --------
Rent/Lease:
$ 0 15 Personal Property $ 8,533
--------- -------- ------- ------------ --------
$ 0 16 Real Property $ 999,738
--------- -------- ------- ------------ --------
$ 224 ($ 224) 17 Insurance $ 2,468,428
--------- -------- ------- ------------ --------
$ 0 18 Management Fees $ 0
--------- -------- ------- ------------ --------
$ 0 19 Depreciation $ 159,065
--------- -------- ------- ------------ --------
Taxes:
$ 298 ($ 298) 20 Employer Payroll Taxes $ 333,465
--------- -------- ------- ------------ --------
$ 0 21 Real Property Taxes $ 12,760
--------- -------- ------- ------------ --------
$ 0 22 Other Taxes $ 26,770
--------- -------- ------- ------------ --------
$ 0 23 Other Selling $ 931,305
--------- -------- ------- ------------ --------
$ 8,282 ($ 8,282) 24 Other Administrative $ 827,589
--------- -------- ------- ------------ --------
$ 0 25 Interest $ 777,750
--------- -------- ------- ------------ --------
$ 0 26 Other Expenses: amortization $ 1,461,364
--------- -------- ------- ------------ --------
$ 0 27 $ 0
--------- -------- ------- ------------------------------------------ ------------ --------
$ 0 28 $ 0
--------- -------- ------- ------------------------------------------ ------------ --------
$ 0 29 $ 0
--------- -------- ------- ------------------------------------------ ------------ --------
$ 0 30 $ 0
--------- -------- ------- ------------------------------------------ ------------ --------
$ 0 31 $ 0
--------- -------- ------- ------------------------------------------ ------------ --------
$ 0 32 $ 0
--------- -------- ------- ------------------------------------------ ------------ --------
$ 0 33 $ 0
--------- -------- ------- ------------------------------------------ ------------ --------
$ 0 34 $ 0
--------- -------- ------- ------------------------------------------ ------------ --------
$ 46,112 $ 0 ($46,112) 35 TOTAL EXPENSES $ 10,725,595 $ 0
--------- -------- ------- ------------ --------
($ 46,112) $ 0 ($46,112) 36 SUBTOTAL ($ 22,475,403) $ 0
--------- -------- ------- ------------ --------
REORGANIZATION ITEMS:
($ 54,379) $54,379 37 Professional Fees ($ 7,142,415)
--------- -------- ------- ------------ --------
$ 0 38 Provisions for Rejected Executory Contracts $ 0
--------- -------- ------- ------------ --------
$ 45,978 $45,978 39 Interest Earned on Accumulated Cash from $ 817,872
--------- -------- ------- ------------ --------
Resulting Chp 11 Case $ 0
------------
$ 0 40 Gain or (Loss) from Sale of Equipment ($ 61,854,504)
--------- -------- ------- ------------ --------
($ 4,500) $ 4,500 41 U.S. Trustee Quarterly Fees ($ 69,500)
--------- -------- ------- ------------ --------
$ 0 42 $ 0
--------- -------- ------- ------------------------------------------ ------------ --------
($ 12,901) $ 0 ($12,901) 43 TOTAL REORGANIZATION ITEMS ($ 68,248,547) $ 0
--------- -------- ------- ------------ --------
($ 59,013) $ 0 ($59,013) 44 NET PROFIT (LOSS) BEFORE FEDERAL & STATE TAXES ($ 90,723,950) $ 0
--------- -------- ------- ------------ --------
$ 0 45 Federal & State Income Taxes
--------- -------- ------- ------------ --------
($ 59,013) $ 0 ($59,013) 46 NET PROFIT (LOSS) ($ 90,723,950) $ 0
========= ======== ======= ============ ========
Attach an Explanation of Variance to Statement of Operations (For variances
greater than +/- 10% only):
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 $ 0
--------- ---------- ---------- ---------- -----------
FICA - Employee $ 0
--------- ---------- ---------- ---------- -----------
FICA - Employer $ 0
--------- ---------- ---------- ---------- -----------
Unemployment (FUTA) $ 0
--------- ---------- ---------- ---------- -----------
Income $ 0
--------- ---------- ---------- ---------- -----------
Other (Attach List) $ 0
--------- ---------- ---------- ---------- -----------
TOTAL FEDERAL TAXES $ 0 $ 0 $ 0 $ 0 $ 0
--------- ---------- ---------- ---------- -----------
STATE AND LOCAL
Income Tax Withholding $ 0
--------- ---------- ---------- ---------- -----------
Unemployment (UT) $ 0
--------- ---------- ---------- ---------- -----------
Disability Insurance (DI) $ 0
--------- ---------- ---------- ---------- -----------
Empl. Training Tax (ETT) $ 0
--------- ---------- ---------- ---------- -----------
Sales $ 0
--------- ---------- ---------- ---------- -----------
Excise $ 0
--------- ---------- ---------- ---------- -----------
Real property $ 0
--------- ---------- ---------- ---------- -----------
Personal property $ 0
--------- ---------- ---------- ---------- -----------
Income $ 0
--------- ---------- ---------- ---------- -----------
Other (Attach List) $ 0
--------- ---------- ---------- ---------- -----------
TOTAL STATE & LOCAL TAXES $ 0 $ 0 $ 0 $ 0 $ 0
--------- ---------- ---------- ---------- -----------
TOTAL TAXES $ 0 $ 0 $ 0 $ 0 $ 0
========= ========== ========== ========== ===========
SCHEDULE F
PRE-PETITION LIABILITIES
CLAIMED ALLOWED
AMOUNT AMOUNT (b)
------- ----------
LIST TOTAL CLAIMS FOR EACH CLASSIFICATION -
Secured claims (a)
----------- ----------
Priority claims other than taxes
----------- ----------
Priority tax claims
----------- ----------
General unsecured claims
----------- ----------
(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 that amount.
You 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
----------- ------------ ------------ -----------
Account Type
----------- ------------ ------------ -----------
Account No.
----------- ------------ ------------ -----------
Account Purpose
----------- ------------ ------------ -----------
Balance, End of Month
----------- ------------ ------------ -----------
Total Funds on Hand for all Accounts $ 0
===========
Attach copies of the month end bank statement(s), reconciliation(s), and the
check register(s) to the Monthly Operating Report.
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS
FOR THE MONTH ENDED_______________
Actual Cumulative
Current Month (Case to Date)
--------------------- ----------------------
CASH RECEIPTS
1 Rent/Leases Collected
--------------------- ----------------------
2 Cash Received from Sales $ 0
--------------------- ----------------------
3 Interest Received $ 0
--------------------- ----------------------
4 Borrowings
--------------------- ----------------------
5 Funds from Shareholders, Partners, or Other Insiders
--------------------- ----------------------
6 Capital Contributions
--------------------- ----------------------
7 ______________________________________
--------------------- ----------------------
8 ______________________________________
--------------------- ----------------------
9 ______________________________________
--------------------- ----------------------
10 ______________________________________
--------------------- ----------------------
11 ______________________________________
--------------------- ----------------------
12 TOTAL CASH RECEIPTS $ 0 $ 0
--------------------- ----------------------
CASH DISBURSEMENTS
13 Payments for Inventory 0
--------------------- ----------------------
14 Selling $ 0
--------------------- ----------------------
15 Administrative $ 0
--------------------- ----------------------
16 Capital Expenditures
--------------------- ----------------------
17 Principal Payments on Debt
--------------------- ----------------------
18 Interest Paid $ 0
--------------------- ----------------------
Rent/Lease:
19 Personal Property
--------------------- ----------------------
20 Real Property
--------------------- ----------------------
Amount Paid to Owner(s)/Officer(s)
21 Salaries
--------------------- ----------------------
22 Draws
--------------------- ----------------------
23 Commissions/Royalties
--------------------- ----------------------
24 Expense Reimbursements
--------------------- ----------------------
25 Other
--------------------- ----------------------
26 Salaries/Commissions (less employee withholding)
--------------------- ----------------------
27 Management Fees
--------------------- ----------------------
Taxes:
28 Employee Withholding
--------------------- ----------------------
29 Employer Payroll Taxes
--------------------- ----------------------
30 Real Property Taxes
--------------------- ----------------------
31 Other Taxes
--------------------- ----------------------
32 Other Cash Outflows:
--------------------- ----------------------
33 ____________________________________
--------------------- ----------------------
34 ____________________________________
--------------------- ----------------------
35 ____________________________________
--------------------- ----------------------
36 ____________________________________
--------------------- ----------------------
37 ____________________________________
--------------------- ----------------------
38 TOTAL CASH DISBURSEMENTS: $ 0 $ 0
--------------------- ----------------------
39 NET INCREASE (DECREASE) IN CASH $ 0 $ 0
--------------------- ----------------------
40 CASH BALANCE, BEGINNING OF PERIOD
--------------------- ----------------------
41 CASH BALANCE, END OF PERIOD $ 0 $ 0
===================== ======================
STATEMENT OF CASH FLOWS
(OPTIONAL) INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS
FOR THE MONTH ENDED 09/30/05
ACTUAL CUMULATIVE
CURRENT MONTH (CASE TO DATE)
----------------------- ---------------------
CASH FLOWS FROM OPERATING ACTIVITIES
1 Cash Received from Sales $ 7,993,352
----------------------- ---------------------
2 Rent/Leases Collected $ 615,220
----------------------- ---------------------
3 Interest Received & Other $ 998,194
----------------------- ---------------------
4 Cash Paid to Suppliers $ 1,638,489
----------------------- ---------------------
5 Cash Paid for Selling Expenses $ 821,150
----------------------- ---------------------
6 Cash Paid for Administrative Expenses $ 11,116 $ 877,606
----------------------- ---------------------
Cash Paid for Rents/Leases:
---------------------
7 Personal Property $ 28,009
----------------------- ---------------------
8 Real Property $ 1,677,323
----------------------- ---------------------
9 Cash Paid for Interest $ 0
----------------------- ---------------------
10 Cash Paid for Net Payroll and Benefits $ 12,072 $ 2,040,141
----------------------- ---------------------
Cash Paid to Owner(s)/Officer(s) $ 0
---------------------
11 Salaries $ 9,000 $ 743,101
----------------------- ---------------------
12 Draws $ 0
----------------------- ---------------------
13 Commissions/Royalties $ 0
----------------------- ---------------------
14 Expense Reimbursements $ 0
----------------------- ---------------------
15 Other $ 0
----------------------- ---------------------
Cash Paid for Taxes Paid/Deposited to Tax Acct. $ 0
---------------------
16 Employer Payroll Tax $ 298 $ 216,711
----------------------- ---------------------
17 Employee Withholdings $ 0
----------------------- ---------------------
18 Real Property Taxes $ 0
----------------------- ---------------------
19 Other Taxes (includes withholding taxes paid on UMC shares) $ 3,295,728
----------------------- ---------------------
20 Cash Paid for General Expenses $ 2,476 $ 1,336,444
----------------------- ---------------------
21 Rebates $ 600,459
----------------------- ---------------------
22 _____________________________________________________
----------------------- ---------------------
23 _____________________________________________________
----------------------- ---------------------
24 _____________________________________________________
----------------------- ---------------------
25 _____________________________________________________
----------------------- ---------------------
26 _____________________________________________________
----------------------- ---------------------
27 NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES BEFORE
REORGANIZATION ITEMS ($ 34,962) ($ 3,668,395)
----------------------- ---------------------
CASH FLOWS FROM REORGANIZATION ITEMS
28 Interest Received on Cash Accumulated Due to Chp 11 Case $ 45,978 $ 817,872
----------------------- ---------------------
29 Professional Fees Paid for Services in Connection with Chp 11 Case $ 7,455,884
----------------------- ---------------------
30 U.S. Trustee Quarterly Fees $ 67,500
----------------------- ---------------------
31A KERP/PTO & Severance payments $ 3,000,000
----------------------- ---------------------
31B Net cash (received)/paid related to sold/discontinued product lines $ 0
----------------------- ---------------------
32 NET CASH PROVIDED (USED) BY REORGANIZATION ITEMS $ 45,978 ($ 9,705,512)
----------------------- ---------------------
33 NET CASH PROVIDED (USED) FOR OPERATING ACTIVITIES AND
REORGANIZATION ITEMS $ 11,016 ($ 13,373,907)
----------------------- ---------------------
CASH FLOWS FROM INVESTING ACTIVITIES
34 Capital Expenditures $ 0
----------------------- ---------------------
35 Proceeds from Sales of Capital Goods due to Chp 11 Case $ 45,294,289
----------------------- ---------------------
36 Proceeds from UMC sales $ 64,842,259
----------------------- ---------------------
37 NET CASH PROVIDED (USED) BY INVESTING ACTIVITIES $ 0 $ 110,136,548
----------------------- ---------------------
CASH FLOWS FROM FINANCING ACTIVITIES
38 Net Borrowings (Except Insiders) $ 0
----------------------- ---------------------
39 Net Borrowings from Shareholders, Partners, or Other Insiders $ 0
----------------------- ---------------------
40 Capital Contributions $ 0
----------------------- ---------------------
41 Principal Payments $ 21,563,386
----------------------- ---------------------
42 ___________________________________________________ $ 0
----------------------- ---------------------
43 NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES $ 0 ($ 21,563,386)
----------------------- ---------------------
44 NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS $ 11,016 $ 75,199,255
----------------------- ---------------------
45 CASH AND CASH EQUIVALENTS AT BEGINNING OF MONTH $ 78,253,124 $ 3,064,884
----------------------- ---------------------
46 CASH AND CASH EQUIVALENTS AT END OF MONTH $ 78,264,140 $ 78,264,139
======================= =====================
SONICblue, Inc Exhibit 1
Payments to Officers
Name 9/9/2005 9/23/2005 Total
- ---------------- --------- --------- ---------
Smith, Marcus $4,000.00 $5,000.00 $9,000.00
---------
Total $9,000.00
=========