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
ReplayTV, Inc CHAPTER 11
Sensory Science Corporation MONTHLY OPERATING REPORT
(GENERAL BUSINESS CASE)
SUMMARY OF FINANCIAL STATUS
MONTH ENDED: Nov-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 AS OF PETITION
2. ASSET AND LIABILITY STRUCTURE MONTH END OF PRIOR MONTH FILING
-------------- ------------------ --------------
a. Current Assets $ 77,696,215 $ 78,224,799 $ 167,641,723
-------------- ------------------ --------------
b. Total Assets $ 77,696,215 $ 78,224,799 $ 171,565,518
-------------- ------------------ --------------
c. Current Liabilities $ 525,459 $ 986,250 $ 259,140,287
-------------- ------------------ --------------
d. Total Liabilities $ 237,129,625 $ 237,590,416 $ 283,757,820
-------------- ------------------ --------------
CUMULATIVE
3. STATEMENT OF CASH RECEIPTS & DISBURSEMENTS FOR MONTH CURRENT MONTH PRIOR MONTH (CASE TO DATE)
-------------- ------------------ --------------
a. Total Receipts (includes net cash rec'd/paid to acquirer) $ 46,325 $ 47,229 $ 120,654,740
-------------- ------------------ --------------
b. Total Disbursements $ 574,909 $ 86,570 $ 46,023,410
-------------- ------------------ --------------
c. Excess (Deficiency) of Receipts Over Disbursements (a - b) ($ 528,584) ($ 39,341) $ 74,631,330
-------------- ------------------ --------------
d. Cash Balance Beginning of Month $ 78,224,799 $ 78,264,140 $ 3,064,884
-------------- ------------------ --------------
e. Cash Balance End of Month (c + d) $ 77,696,215 $ 78,224,799 $ 77,696,214
-------------- ------------------ --------------
CUMULATIVE
CURRENT MONTH PRIOR MONTH (CASE TO DATE)
-------------- ------------------ --------------
4. PROFIT/(LOSS) FROM THE STATEMENT OF OPERATIONS ($ 67,793) ($ 27,784) ($ 90,819,526)
-------------- ------------------ --------------
5. ACCOUNT RECEIVABLES (PRE AND POST PETITION) $ 0 $ 0
-------------- ------------------
6. POST-PETITION LIABILITIES $ 525,459 $ 986,250
-------------- ------------------
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 (Exhibit 1)
------------- --------------
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 (Exhibit 2)
------------- --------------
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 11/30/05
FROM SCHEDULES MARKET VALUE
-------------- ------------
ASSETS
CURRENT ASSETS
1 Cash and cash equivalents - unrestricted $ 77,696,215
------------
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 $ 77,696,215
------------
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 $ 77,696,215
============
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 ------------------
$ 525,459
39 Accrued professional fees ------------------
40 Current portion of long-term post-petition debt (due within 12 months) ------------------
41 Other: -------------------------------------------------------------- ------------------
42 ---------------------------------------------------------------------- ------------------
43 ---------------------------------------------------------------------- ------------------
44 TOTAL CURRENT LIABILITIES $ 525,459
------------------
45 LONG-TERM POST-PETITION DEBT, NET OF CURRENT PORTION
------------------
46 TOTAL POST-PETITION LIABILITIES $ 525,459
------------------
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 $ 237,129,625
------------------
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 ($ 90,819,526)
------------------
56 Post-petition contributions/(distributions) or (draws) ------------------
57 ---------------------------------------------------------------------- ------------------
58 Market value adjustment ------------------
59 TOTAL EQUITY (DEFICIT) ($ 159,433,410)
------------------
60 TOTAL LIABILITIES AND EQUITY (DEFICIT) $ 77,696,215
==================
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 -
Finished goods -------------- Inventory End of Month $ 0
-------------
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
Machinery & Equipment - COST MARKET VALUE
---- ------------
------------------------------------------------------ -------------------- -------------------------
------------------------------------------------------ -------------------- -------------------------
------------------------------------------------------ -------------------- -------------------------
------------------------------------------------------ -------------------- -------------------------
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 11/30/05
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:
$ 11,000 ($ 11,000) 11 Compensation to Owner(s)/Officer(s) $ 767,782
-------- ----------- ----------- -------------- -----------
$ 13,522 ($ 13,522) 12 Salaries $ 1,773,843
-------- ----------- ----------- -------------- -----------
$ 0 13 Commissions $ 0
-------- ----------- ----------- -------------- -----------
$ 0 14 Contract Labor $ 225,600
-------- ----------- ----------- -------------- -----------
Rent/Lease:
$ 0 15 Personal Property $ 8,533
-------- ----------- ----------- -------------- -----------
$ 0 16 Real Property $ 999,738
-------- ----------- ----------- -------------- -----------
$ 242 ($ 242) 17 Insurance $ 2,468,894
-------- ----------- ----------- -------------- -----------
$ 0 18 Management Fees $ 0
-------- ----------- ----------- -------------- -----------
$ 0 19 Depreciation $ 159,065
-------- ----------- ----------- -------------- -----------
$ 319 ($ 319) Taxes:
-------- ----------- -----------
20 Employer Payroll Taxes $ 334,130
-------------- -----------
$ 0 21 Real Property Taxes $ 12,760
-------- ----------- ----------- -------------- -----------
$ 7,635 ($ 7,635) 22 Other Taxes $ 34,630
-------- ----------- ----------- -------------- -----------
$ 0 23 Other Selling $ 931,305
-------- ----------- ----------- -------------- -----------
$ 11,400 ($ 11,400) 24 Other Administrative $ 851,417
-------- ----------- ----------- -------------- -----------
$ 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
-------- ----------- ----------- -------------------------------------------------- -------------- -----------
$ 44,118 $ 0 ($ 44,118) 35 TOTAL EXPENSES $ 10,806,811 $ 0
-------- ----------- ----------- -------------- -----------
($ 44,118) $ 0 ($ 44,118) 36 SUBTOTAL ($ 22,556,619) $ 0
-------- ----------- ----------- -------------- -----------
REORGANIZATION ITEMS:
($ 70,000) $ 70,000 37 Professional Fees ($ 7,250,330)
-------- ----------- ----------- -------------- -----------
$ 0 38 Provisions for Rejected Executory Contracts $ 0
-------- ----------- ----------- -------------- -----------
$ 46,325 $ 46,325 39 Interest Earned on Accumulated Cash from $ 911,426
-------- ----------- ----------- -------------- -----------
Resulting Chp 11 Case $ 0
--------------
$ 0 40 Gain or (Loss) from Sale of Equipment $ (61,854,504)
-------- ----------- ----------- -------------- -----------
$ 0 41 U.S. Trustee Quarterly Fees $ (69,500)
-------- ----------- ----------- -------------- -----------
$ 0 42 $ 0
-------- ----------- ----------- -------------------------------------------------- -------------- -----------
($ 23,675) $ 0 ($ 23,675) 43 TOTAL REORGANIZATION ITEMS ($ 68,262,908) $ 0
-------- ----------- ----------- -------------- -----------
($ 67,793) $ 0 ($ 67,793) 44 NET PROFIT (LOSS) BEFORE FEDERAL & STATE TAXES ($ 90,819,527) $ 0
-------- ----------- ----------- -------------- -----------
$ 0 45 Federal & State Income Taxes
-------- ----------- ----------- -------------- -----------
($ 67,793) $ 0 ($ 67,793) 46 NET PROFIT (LOSS) ($ 90,819,527) $ 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)
0-30 DAYS 31-60 DAYS 61-90 DAYS 91+ DAYS TOTAL
--------- ---------- ---------- -------- -----
TAXES PAYABLE
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
LIST TOTAL CLAIMS FOR EACH CLASSIFICATION - AMOUNT AMOUNT (b)
- ------------------------------------------- ---------- ----------
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 11/30/05
ACTUAL CUMULATIVE
CASH FLOWS FROM OPERATING ACTIVITIES CURRENT MONTH (CASE TO DATE)
------------------------------------ ------------- --------------
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 $ 6,125 $ 890,625
----------- --------------
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 $ 13,764 $ 2,067,600
----------- --------------
Cash Paid to Owner(s)/Officer(s) $ 0
--------------
11 Salaries $ 11,000 $ 764,851
----------- --------------
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 $ 319 $ 217,376
----------- --------------
17 Employee Withholdings $ 0
----------- --------------
18 Real Property Taxes $ 0
----------- --------------
19 Other Taxes (includes withholding taxes paid on UMC shares) $ 7,635 $ 3,303,588
----------- --------------
20 Cash Paid for General Expenses $ 5,275 $ 1,357,794
----------- --------------
21 Rebates $ 600,459
---------------------------------------------------- ----------- --------------
22
---------------------------------------------------- ----------- --------------
23
---------------------------------------------------- ----------- --------------
24
---------------------------------------------------- ----------- --------------
25
---------------------------------------------------- ----------- --------------
26
---------------------------------------------------- ----------- --------------
27 NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES BEFORE REORGANIZATION ITEMS ($ 44,117) ($ 3,760,497)
----------- --------------
CASH FLOWS FROM REORGANIZATION ITEMS
28 Interest Received on Cash Accumulated Due to Chp 11 Case $ 46,325 $ 911,426
----------- --------------
29 Professional Fees Paid for Services in Connection with Chp 11 Case $ 530,792 $ 8,020,761
----------- --------------
30 U.S. Trustee Quarterly Fees $ 72,000
----------- --------------
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 ($ 484,467) ($ 10,181,335)
--------------------------------
33 NET CASH PROVIDED (USED) FOR OPERATING ACTIVITIES AND REORGANIZATION ITEMS ($ 528,584) ($ 13,941,832)
--------------------------------
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 ($ 528,584) $ 74,631,330
----------- --------------
45 CASH AND CASH EQUIVALENTS AT BEGINNING OF MONTH $78,224,799 $ 3,064,884
--------------------------------
46 CASH AND CASH EQUIVALENTS AT END OF MONTH $77,696,215 $ 77,696,214
================================
SONICblue, Inc Exhibit 1
Professional Payments
Name Date Total
- ---- ---- -----
Pillsbury, Windthrop, Shaw, Pitman LLP 11/2/2005 447,746.66
Levene, Bender, Neale, Rankin & Brill LLP 11/14/2005 $ 83,044.91
---------- -----------
Total $530,791.57
========== ===========
SONICblue, Inc EXHIBIT 2
Payments to Officers
Name 11/4/2005 11/18/2005 Total
- ---- --------- ---------- -----
Smith, Marcus $6,500.00 $4,500.00 $11,000.00
--------- --------- ----------
Total $11,000.00
========= ========= ==========