UNITED STATES BANKRUPTCY COURT
NORTHERN DISTRICT OF CALIFORNIA
In re: Metricom Inc. CASE NO. 01-53291
CHAPTER 11
MONTHLY OPERATING REPORT
(GENERAL BUSINESS CASE)
SUMMARY OF FINANCIAL STATUS
MONTH ENDED: Sep-01 PETITION DATE: 07/02/01
---------- ----------------
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
2. ASSET AND LIABILITY STRUCTURE MONTH MONTH FILING(1)
----- ----- --------------
a. Current Assets $ 219,767,474 $ 222,370,213
------------- -------------
b. Total Assets $ 887,399,204 $ 898,063,977 $ 922,513,084
------------- ------------- --------------
c. Current Liabilities $ 4,454,489 $ 6,597,246
------------- -------------
d. Total Liabilities $ 345,125,948 $ 347,268,705 $ 340,671,459
------------- ------------- --------------
3. STATEMENT OF CASH RECEIPTS & DISBURSEMENTS FOR MONTH CURRENT MONTH PRIOR MONTH CUMULATIVE
------------- ------------- --------------
a. Total Receipts $ 345,124 $ 2,031,453 $ 4,403,292
------------- ------------- --------------
b. Total Disbursements $ 1,697,478 $ 13,270,858 $ 19,985,273
------------- ------------- --------------
c. Excess (Deficiency) of Receipts Over Disbursements (a - b) $ (1,352,354) $ (11,239,405) $ (15,581,981)
------------- ------------- --------------
d. Cash Balance Beginning of Month $ 173,101,369 $ 184,340,774 $ 187,330,996
------------- ------------- --------------
e. Cash Balance End of Month (c + d) $ 171,749,015 $ 173,101,369 $ 171,749,015
------------- ------------- --------------
CURRENT MONTH PRIOR MONTH CUMULATIVE
------------- ------------- --------------
4. PROFIT/(LOSS) FROM THE STATEMENT OF OPERATIONS $ (10,958,540) $ (17,865,294) $ (40,067,689)
------------- ------------- --------------
5. ACCOUNT RECEIVABLES (PRE AND POST PETITION) $ 5,260,111 $ 5,263,097
------------- -------------
6. POST-PETITION LIABILITIES $ 4,454,489 $ 6,597,246
------------- -------------
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 X
the normal course to secured creditors or lessors? (if yes, attach listing ------------- --------------
including date of payment, amount of payment and name of payee)
9. Have any payments been made to professionals? (if yes, attach listing X
including date of payment, amount of payment and name of payee) ------------- --------------
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? X
(if yes, attach listing including date of payment, amount and reason for ------------- --------------
payment, and name of payee)
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 (2);
---
Check if filing is current for:
Post-petition tax reporting and tax returns: x .
---
(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.)
Notes:
(1) As maintained on the Debtor's books.
(2) U.S. Trustee Quarterly Fees have been assessed, but they are not due at this
time.
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: 10/18/01 /s/ David J. Pangburn
----------- ------------------------------------------------------------
Responsible Individual
Page 1 of 11 Revised 1/1/98
SUMMARY OF FINANCIAL STATUS
QUESTION 11
PAYEE DATE PAID NET PAY GROSS PAY DESCRIPTION
----- --------- ------- --------- -----------
Dale Marquart 9/14/01 & 9/28/01 11,515 18,077 160 Hours Pay
Dale Marquart 09/28/01 90 90 Expense Reimbursement
David Pangburn 9/14/01 & 9/28/01 14,299 15,385 160 Hours Pay
Glen Estell 09/17/01 11,259 17,308 Severance Pay
Page 2 of 11 Revised 1/1/98
STATEMENT OF OPERATIONS
(GENERAL BUSINESS CASE)
For the Month Ended 09/30/01
--------------
CURRENT MONTH
--------------------------------------
CUMULATIVE NEXT MONTH
ACTUAL FORECAST(1) VARIANCE (CASE TO DATE) FORECAST(2)
------ ----------- -------- -------------- -----------
REVENUES:
$ (454) n/a n/a 1 Gross Sales $ 1,944,095 n/a
------------ ----------- -------- -------------- -----------
n/a n/a 2 less: Sales Returns & Allowances n/a
------------ ----------- -------- -------------- -----------
$ (454) n/a n/a 3 Net Sales $ 1,944,095 n/a
------------ ----------- -------- -------------- -----------
$ 0 n/a n/a 4 less: Cost of Goods Sold (Schedule 'B') $ 13,523,136 n/a
------------ ----------- -------- -------------- -----------
$ (454) n/a n/a 5 Gross Profit $ (11,579,041) n/a
------------ ----------- -------- -------------- -----------
$ 399,898 n/a n/a 6 Interest $ 1,635,135 n/a
------------ ----------- -------- -------------- -----------
$ 0 n/a n/a 7 Other Income: Proceeds from sale of $ 1,779,385 n/a
------------ ----------- -------- 8 common stock in Packeteer, Inc. -------------- -----------
9
$ 399,444 n/a n/a 10 TOTAL REVENUES $ (8,164,521) n/a
------------ ----------- -------- -------------- -----------
EXPENSES:
$ 33,462 n/a n/a 11 Compensation to Owner(s)/Officer(s) $ 283,292 n/a
------------ ----------- -------- -------------- -----------
$ 59,586 n/a n/a 12 Salaries $ 2,321,845 n/a
------------ ----------- -------- -------------- -----------
$ 0 n/a n/a 13 Commissions $ 16,225 n/a
------------ ----------- -------- -------------- -----------
$ 194,791 n/a n/a 14 Contract Labor $ 397,707 n/a
------------ ----------- -------- -------------- -----------
Rent/Lease:
$ 113,534 n/a n/a 15 Personal Property $ 138,493 n/a
------------ ----------- -------- -------------- -----------
$ 1,410,327 n/a n/a 16 Real Property $ 2,420,314 n/a
------------ ----------- -------- -------------- -----------
$ 117,314 n/a n/a 17 Insurance $ 324,588 n/a
------------ ----------- -------- -------------- -----------
18 Management Fees
------------ ----------- -------- -------------- -----------
$ 7,302,975 n/a n/a 19 Depreciation $ 22,018,088 n/a
------------ ----------- -------- -------------- -----------
20 Taxes:
Employer Payroll Taxes
------------ ----------- -------- -------------- -----------
$ 55,000 n/a n/a 21 Real Property Taxes $ 181,822 n/a
------------ ----------- -------- -------------- -----------
$ 517,000 n/a n/a 22 Other Taxes $ 1,606,807 n/a
------------ ----------- -------- -------------- -----------
$ (47,930) n/a n/a 23 Other Selling $ 359,386 n/a
------------ ----------- -------- -------------- -----------
$ 415,629 n/a n/a 24 Other Administrative $ 820,398 n/a
------------ ----------- -------- -------------- -----------
$ 413,041 n/a n/a 25 Interest Expense $ 1,239,164 n/a
------------ ----------- -------- -------------- -----------
$ 540,877 n/a n/a 26 Other Expenses: Bonus $ 1,149,653 n/a
------------ ----------- -------- -------------- -----------
$ 2,888 n/a n/a 27 Overtime $ 29,078 n/a
------------ ----------- -------- ---------------- -------------- -----------
$ 25,569 n/a n/a 28 Fringe benefit $ 827,740 n/a
------------ ----------- -------- ---------------- -------------- -----------
$ 263,312 n/a n/a 29 Severance $ 910,249 n/a
------------ ----------- -------- ---------------- -------------- -----------
$ 231,760 n/a n/a 30 Repair & Maintenance $ 409,895 n/a
------------ ----------- -------- ---------------- -------------- -----------
$ 14,955 n/a n/a 31 Travel $ 98,451 n/a
------------ ----------- -------- ---------------- -------------- -----------
$ 168,057 n/a n/a 32 Telephone $ 349,674 n/a
------------ ----------- -------- ---------------- -------------- -----------
$ 0 n/a n/a 33 IS & Facility Allocation $ (1,483,937) n/a
------------ ----------- -------- ---------------- -------------- -----------
$ 22,456 n/a n/a 34 Cleaning Services $ 67,045 n/a
------------ ----------- -------- ---------------- -------------- -----------
$ 11,854,603 n/a n/a 35 TOTAL EXPENSES $ 34,485,977 n/a
------------ ----------- -------- -------------- -----------
$(11,455,159) n/a n/a 36 SUBTOTAL $ (42,650,498) n/a
------------ ----------- -------- -------------- -----------
REORGANIZATION ITEMS:
$ (750,525) n/a n/a 37 Professional Fees $ (3,005,896) n/a
------------ ----------- -------- -------------- -----------
n/a n/a 38 Provisions for Rejected Executory Contracts n/a
------------ ----------- -------- -------------- -----------
n/a n/a 39 Interest Earned on Accumulated Cash from n/a
------------ ----------- -------- -------------- -----------
Resulting Chp 11 Case
$ (28,147) n/a n/a 40 Gain or (Loss) from Sale of Equipment $ (596,538) n/a
------------ ----------- -------- -------------- -----------
$ 0 n/a n/a 41 U.S. Trustee Quarterly Fees n/a
------------ ----------- -------- -------------- -----------
$ 1,275,291 n/a n/a 42 Writeoff of Pre-Petition Fringe Benefit Accrual $ 1,275,291 n/a
------------ ----------- -------- -------------- -----------
$ 0 n/a n/a 43 Writeoff of Pre-Petition Accrued Bonus $ 4,909,952 n/a
------------ ----------- -------- -------------- -----------
$ 496,619 n/a n/a 44 TOTAL REORGANIZATION ITEMS $ 2,582,809 n/a
------------ ----------- -------- -------------- -----------
$(10,958,540) n/a n/a 45 NET PROFIT (LOSS) BEFORE FEDERAL & STATE TAXES $ (40,067,689) n/a
------------ ----------- -------- -------------- -----------
n/a n/a 46 Federal & State Income Taxes $ 0 n/a
------------ ----------- -------- -------------- -----------
$(10,958,540) n/a n/a 47 NET PROFIT (LOSS) $ (40,067,689) n/a
============ =========== ======== ============== ===========
Attach an Explanation of Variance to Statement of Operations (For variances
greater than +/- 10% only):
(1) The Debtor did not file a formal operations forecast with the Bankruptcy
Court for this period.
(2) The Debtor will not be filing a formal operations forecast with the
Bankruptcy Court for the upcoming period.
Page 3 of 11 Revised 1/1/98
BALANCE SHEET
(GENERAL BUSINESS CASE)
FOR THE MONTH ENDED 09/30/01
----------------
ASSETS
FROM SCHEDULES BOOK VALUE
-------------- ------------
CURRENT ASSETS
1 Cash, cash equivalents and short term investment - unrestricted $124,688,659
------------
2 Cash, cash equivalents and short term investment - restricted $ 47,060,356
------------
3 Accounts receivable (net) A $ 5,260,111
------------
4 Inventory B $ 32,147,835
------------
5 Prepaid expenses $ 6,878,510
------------
6 Professional retainers $ 676,916
------------
7 Other: Deferred Cost of Sales $ 1,813,420
------------
Deposits $ 1,237,832
------------
8 Others $ 3,835
------------
9 TOTAL CURRENT ASSETS $219,767,474
------------
PROPERTY AND EQUIPMENT (BOOK VALUE)
10 Real property C $ 0
------------
11 Machinery and equipment D $ 18,778,885
------------
12 Furniture and fixtures D $ 5,281,663
------------
13 Network equipment D $235,188,661
------------
14 Leasehold improvements D $ 20,025,365
------------
15 Vehicles D $ 1,366,206
------------
16 Other: D
------------------------------------------------------------ ------------
17 D
------------------------------------------------------------------ ------------
18 D
------------------------------------------------------------------ ------------
19 D
------------------------------------------------------------------ ------------
20 TOTAL PROPERTY AND EQUIPMENT $280,640,780
------------
OTHER ASSETS
21 Network Equipment & Inventory $198,262,931
------------
22 Deferred Cost of Sales-Long term $ 1,147,693
------------
23 Long Term Deposits $ 642,064
------------
24 Investment in subsidiaries $ 5,185,973
------------
25 WCS Spectrum $ 1,333,493
------------
26 Debt & Warrant Offering- 2000 $ 7,404,081
------------
27 Intercompany receivables-Metricom DC, LLC(1) $173,014,715
------------
28 TOTAL OTHER ASSETS $386,990,950
------------
29 TOTAL ASSETS $887,399,204
============
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.
(1) Prior year adjustment retroactive to 12/31/00 due to the change
in the management fee of Metricom DC, LLC., a wholly-owned
subsidiary of the Debtor.
-------------------------------------------------------------------
The book value of assets as maintained in the Debtor's records is
reported above. No valuation of the assets has been made at this
time.
-------------------------------------------------------------------
LIABILITIES AND EQUITY
(GENERAL BUSINESS CASE)
Page 4 of 11 Revised 1/1/98
LIABILITIES AND EQUITY
(GENERAL BUSINESS CASE)
LIABILITIES FROM SCHEDULES
POST-PETITION
CURRENT LIABILITIES
30 Salaries and wages $ 116,175
-------------
31 Payroll taxes $ 0
-------------
32 Real and personal property taxes $ 1,716,000
-------------
33 Bonus $ 1,193,993
-------------
34 Vacation $ 41,865
-------------
35 Sales and use tax payable $ 1,727
-------------
36 Accounts payable (trade) A $ 789,689
-------------
37 Franchise Tax Payable $ 8,035
-------------
38 Fringe Benefits Applied $ 500,000
-------------
39 Accrued professional fees
-------------
40 Current portion of long-term post-petition debt (due within 12 months)
-------------
41 Other: Others $ 87,005
--------------------------------------------------------------- -------------
42
---------------------------------------------------------------------- -------------
43
---------------------------------------------------------------------- -------------
44 TOTAL CURRENT LIABILITIES $4,454,489
-------------
45 LONG-TERM POST-PETITION DEBT, NET OF CURRENT PORTION $ 0
-------------
46 TOTAL POST-PETITION LIABILITIES $ 4,454,489
-------------
PRE-PETITION LIABILITIES (ALLOWED AMOUNT)
47 Secured claims F $ 3,470,874
-------------
48 Priority unsecured claims F $ 2,450,424
-------------
49 General unsecured claims F $ 334,750,161
-------------
50 TOTAL PRE-PETITION LIABILITIES $ 340,671,459
-------------
51 TOTAL LIABILITIES $ 345,125,948
-------------
EQUITY (DEFICIT)
52 Retained Earnings/(Deficit) at time of filing (1) $(885,004,240)
-------------
53 Capital Stock $ 30,920
-------------
54 Additional paid-in capital $ 790,757,686
-------------
55 Warrants to purchase Common Stock $ 6,328,173
-------------
56 Accum other comprehensive income $ 77,412
-------------
57 Cumulative profit/(loss) since filing of case $ (40,067,689)
-------------
Preferred Stock $ 638,677,904
-------------
58 Equity adjustment for pre-petition liabilities due to Chapter 11 filing $ 31,473,090
-------------
59 TOTAL EQUITY (DEFICIT) $ 542,273,256
-------------
60 TOTAL LIABILITIES AND EQUITY (DEFICIT) $ 887,399,204
=============
NOTE: (1) Prior year adjustment retroactive to 12/31/00 due to the change
in the management fee of Metricom DC, LLC., a wholly-owned
subsidiary of the Debtor.
Page 5 of 11 Revised 1/1/98
SCHEDULES TO THE BALANCE SHEET
(General Business Case)
Schedule A
Accounts Receivable and (Net) Payable
Receivables and Payables Agings ACCOUNTS RECEIVABLE ACCOUNTS PAYABLE PAST DUE
[PRE AND POST PETITION] [POST PETITION] POST PETITION DEBT
----------------------- ---------------- ------------------
0 -30 Days $ 0 $ 789,689
----------------------- ----------------
31-60 Days $1,698,487
----------------------- ----------------
61-90 Days $1,626,408 $ 0
----------------------- ---------------- -----------------
91+ Days $3,857,083
----------------------- ----------------
Total accounts receivable/payable $7,181,978 $ 789,689
----------------------- ================
Allowance for doubtful accounts $1,921,867
-----------------------
Accounts receivable (net) $5,260,111
=======================
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 $32,147,835
-----------
Add -
Retail/Restaurants - Net purchase
-----------
Product for resale Direct labor
-------------- -----------
Manufacturing overhead
-----------
Distribution - Freight in
-----------
Products for resale Other: $ 0
-------------- -----------
$ 0
--------------------------------- -----------
Manufacturer - $ 0
--------------------------------- -----------
Raw Materials $11,799,472
--------------
Work-in-progress $0 Less -
--------------
Finished goods $20,348,363 Inventory End of Month $32,147,835
-------------- -----------
Shrinkage
-----------
Other - Explain $ 0
-------------- -----------
------------------------------
Cost of Goods Sold $ 0
------------------------------ ===========
TOTAL $32,147,835
==============
METHOD OF INVENTORY CONTROL
Do you have a functioning perpetual inventory system?
Yes X No
----- -----
How often do you take a complete physical inventory?
Weekly The Debtor conducted daily
--------------- cycle count up until 7/31/01.
Monthly This procedure substituted
--------------- for physical inventories.
Quarterly
---------------
Semi-annually
---------------
Annually
---------------
INVENTORY VALUATION METHODS
Indicate by a checkmark method of inventory used.
Valuation methods -
FIFO cost X
-----
LIFO cost
-----
Lower of cost or market
-----
Retail method
-----
Other
-----
Explain
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Date of last physical inventory was 10/1/97
----------------------------
Date of next physical inventory is Not scheduled at this time.
----------------------------
Page 6 of 11 Revised 1/1/98
SCHEDULE C
REAL PROPERTY
Description COST MARKET VALUE
---- ------------
None $ 0 $ 0
---------------------------------- ----------- ------------
---------------------------------- ----------- ------------
Total $ 0 $ 0
=========== ============
SCHEDULE D
OTHER DEPRECIABLE ASSETS
Description COST BOOK VALUE
------------ ------------
Machinery & Equipment -
Machinery & Equipment $ 15,514,825 $ 15,514,825
------------ ------------
Accumulated Depreciation $ (8,282,294) $ (8,282,294)
------------ ------------
Tooling $ 3,153,764 $ 3,153,764
------------ ------------
Accumulated Depreciation $ (1,603,078) $ (1,603,078)
------------ ------------
Application Software $ 10,538,908 $ 10,538,908
------------ ------------
Accumulated Depreciation $ (6,661,420) $ (6,661,420)
------------ ------------
Computer Hardware $ 16,190,453 $ 16,190,453
------------ ------------
Accumulated Depreciation $(10,465,329) $(10,465,329)
------------ ------------
Demo Equipment $ 182,478 $ 182,478
------------ ------------
Accumulated Depreciation $ (56,796) $ (56,796)
------------ ------------
Ricochet Modems $ 336,421 $ 336,421
------------ ------------
Accumulated Depreciation $ (69,047) $ (69,047)
------------ ------------
Total $ 18,778,885 $ 18,778,885
============ ============
Furniture & Fixtures -
Office Furniture & Equipment $ 8,062,767 $ 8,062,767
------------ ------------
Accumulated Depreciation $ (2,781,104) $ (2,781,104)
------------ ------------
Total $ 5,281,663 $ 5,281,663
============ ============
Network Equipment -
Ricochet 2 Radios $116,712,185 $116,712,185
------------ ------------
Accumulated Depreciation $(24,542,363) $(24,542,363)
------------ ------------
Wired Access Points Assets $161,418,372 $161,418,372
------------ ------------
Accumulated Depreciation $(40,951,337) $(40,951,337)
------------ ------------
Network Interface Facility $ 9,252,737 $ 9,252,737
------------ ------------
Accumulated Depreciation $ (1,992,933) $ (1,992,933)
------------ ------------
Capitalized Interest $ 18,270,000 $ 18,270,000
------------ ------------
Accumulated Amortization $ (2,978,000) $ (2,978,000)
------------ ------------
Total $235,188,661 $235,188,661
============ ============
Leasehold Improvements -
Building Improvements $ 22,325,224 $ 22,325,224
------------ ------------
Accumulated Depreciation $ (2,299,859) $ (2,299,859)
------------ ------------
Total $ 20,025,365 $ 20,025,365
============ ============
Vehicles -
Vehicles $ 2,628,532 $ 2,628,532
------------ ------------
Accumulated Depreciation $ (1,262,326) $ (1,262,326)
------------ ------------
Total $ 1,366,206 $ 1,366,206
============ ============
Page 7 of 11 Revised 1/1/98
SCHEDULE E
AGING OF POST-PETITION TAXES
(AS OF END OF THE CURRENT REPORTING PERIOD)
TAXES PAYABLE(1) 0-30 DAYS 31-60 DAYS 61-90 DAYS 91+ DAYS TOTAL
--------- ---------- ---------- -------- -----
Federal
Income Tax Withholding $ 0 $ 0
--------- ---------- ---------- -------- ----------
FICA - Employee $ 0 $ 0
--------- ---------- ---------- -------- ----------
FICA - Employer $ 0 $ 0
--------- ---------- ---------- -------- ----------
Unemployment (FUTA) $ 0 $ 0
--------- ---------- ---------- -------- ----------
Income $ 0 $ 0
--------- ---------- ---------- -------- ----------
Other (Attach List) $ 0 $ 0
--------- ---------- ---------- -------- ----------
TOTAL FEDERAL TAXES $ 0 $ 0 $ 0 $ 0 $ 0
--------- ---------- ---------- -------- ----------
STATE AND LOCAL
Income Tax Withholding $ 0 $ 0
--------- ---------- ---------- -------- ----------
Unemployment (UT) $ 0 $ 0
--------- ---------- ---------- -------- ----------
Disability Insurance (DI) $ 0 $ 0
--------- ---------- ---------- -------- ----------
Empl. Training Tax (ETT) $ 0 $ 0
--------- ---------- ---------- -------- ----------
Sales and Use Tax $ 1,727 $ 1,727
--------- ---------- ---------- -------- ----------
Excise $ 0 $ 0
--------- ---------- ---------- -------- ----------
Real property $ 165,000 $ 165,000
--------- ---------- ---------- -------- ----------
Personal property $ 517,000 $1,034,000 $1,551,000
--------- ---------- ---------- -------- ----------
Income $ 0 $ 0
--------- ---------- ---------- -------- ----------
Other (Franchise Tax) $ 0 $ 2,126 $ 5,909 $ 8,035
--------- ---------- ---------- -------- ----------
TOTAL STATE & LOCAL TAXES $ 683,727 $1,036,126 $ 5,909 $ 0 $1,725,762
--------- ---------- ---------- -------- ----------
TOTAL TAXES $ 683,727 $1,036,126 $ 5,909 $ 0 $1,725,762
========= ========== ========== ======== ==========
(1) ACCRUAL BASIS ACCOUNTING REPORTED FOR POST-PETITION TAXES.
SCHEDULE F
PRE-PETITION LIABILITIES
CLAIMED ALLOWED
LIST TOTAL CLAIMS FOR EACH CLASSIFICATION - AMOUNT AMOUNT(B),(1)
------------ ------------
Secured claims(a) $ 3,470,874 $ 3,470,874
------------ ------------
Priority claims other than taxes $ 4,650 $ 4,650
------------ ------------
Priority tax claims $ 1,979,948 $ 2,445,774
------------ ------------
General unsecured claims $961,883,175 $334,750,161
------------ ------------
(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.
(1) Estimated amount and may include claims that are either contingent,
disputed, and/or unliquidated. By stating this amount, the Debtor
reserves its right to dispute any claim(s) which comprise this estimated
allowed amount based on any grounds.
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 Please refer to attached statement.
------------- ------------- ------------- -------------
Account Type
------------- ------------- ------------- -------------
Account No.
------------- ------------- ------------- -------------
Account Purpose
------------- ------------- ------------- -------------
Balance, End of Month
------------- ------------- ------------- -------------
Total Funds on Hand for all Accounts $171,749,015
-------------
Attach copies of the month end bank statement(s), reconciliation(s), and the
check register(s) to the Monthly Operating Report.
Page 8 of 11 Revised 1/1/98
SCHEDULE H
RECAPITULATION OF FUNDS HELD AT END OF MONTH
ACCOUNT NO. ACCOUNT TYPE ACCOUNT PURPOSE
Banks
Wells Fargo General Account 4487-098311 General Banking General Banking
Wells Fargo Controlled Disbursement Account 4759-600877 General Banking General Banking
Wells Fargo Southeast PC Account 4375-685799 General Banking General Banking
Wells Fargo Northeast Account 4375-685815 General Banking General Banking
Wells Fargo Western Region Account 4375-685823 General Banking General Banking
Wells Fargo Northern Central Account 4375-686193 General Banking General Banking
Wells Fargo Ricochet Account 4487-098485 General Banking General Banking
Wells Fargo Metricom Account 4496-812934 General Banking General Banking
Wells Fargo Flex Benefits Account 4761-067420 General Banking General Banking
Wells Fargo Medical Benefits Account 4761-067438 General Banking General Banking
Wells Fargo LLC Account 4487-099655 General Banking General Banking
Union Bank of Californina 6450-135869 General Banking General Banking
Union Bank of Californina - Payroll 6450-136792 General Banking General Banking
Union Bank of Californina - General 2180043112 CHPT. 11 Banking General Banking
Union Bank of Californina - General 2180043244 CHPT. 11 Banking General Banking
Union Bank of Californina - Payroll 2180043252 CHPT. 11 Banking General Banking
Union Bank of Californina - Tax 2180043260 CHPT. 11 Banking General Banking
Union Bank of Californina - Medical 2180043279 CHPT. 11 Banking General Banking
Union Bank of Californina - Flex Benefits 2180043287 CHPT. 11 Banking General Banking
Union Bank of Californina - Escrow 2180043740 CHPT. 11 Banking General Banking
Union Bank of Californina - General Pre-petition 2180043147 General Banking General Banking
Union Bank of Californina - Payroll Pre-petition 2180043155 General Banking General Banking
Wells Fargo CD's
MONEY MARKET ACCOUNTS
Janus Institutional 881-881235108 Money Market Funds Account invests in A1/P1 funds only
Fidelity Institutional 0059-00493084842 Money Market Funds Account invests in A1/P1 funds only
JP Morgan Institutional 5012931 Money Market Funds Account invests in A1/P1 funds only
Dreyfus Institutional 288-0981002876 Money Market Funds Account invests in A1/P1 funds only
INSTITUTIONAL ACCOUNTS - ST INVESTMENTS
AIG Money Market Fund 000MB2890-1 Investments in CP, Account invests in A1/P1 funds only
Money Market Funds,
Treasuries
Morgan Stanley & Co. 14-78C44-1 Investments in CP, Account invests in A1/P1 funds only
Money Market Funds,
Treasuries
Salomon Smith Barney 449-0H399-19 Investments in CP, Account invests in A1/P1 funds only
Money Market Funds,
Treasuries
Lehman Brothers 833-79266-15 Investments in CP, Account invests in A1/P1 funds only
Money Market Funds,
Treasuries
Wells Fargo Asset Mgmt 138816 Investments in CP, Account invests in A1/P1 funds only
Money Market Funds,
Treasuries
Wells Fargo Asset Mgmt Pledged 2215431 Investments in CP, Account holds collateral for
Money Market Funds, outstanding Letters of Credit
Treasuries
LT INVESTMENTS
Bank One 204821-000 Government T-Strips Restricted Bonds for Coupon payments
State Street Bank 127415-010 Money Market account Escrow account for Tim Dreisbach
EQUITY INVESTMENTS
Lehman Brothers 833-41241-15 Equity stake in Own 20,700 stake in PKTR at a
Packeteer, Inc. purchase price of $0.25
Petty Cash on hand
9/30/01 9/30/01
BOOK BALANCE BOOK BALANCE
Banks
Wells Fargo General Account $963 $963
Wells Fargo Controlled Disbursement Account $0 $0
Wells Fargo Southeast PC Account $0 $0
Wells Fargo Northeast Account $0 $0
Wells Fargo Western Region Account $0 $0
Wells Fargo Northern Central Account $0 $0
Wells Fargo Ricochet Account $0 $0
Wells Fargo Metricom Account $0 $0
Wells Fargo Flex Benefits Account $0 $0
Wells Fargo Medical Benefits Account $0 $0
Wells Fargo LLC Account $0 $0
Union Bank of Californina $0 $0
Union Bank of Californina - Payroll $0 $0
Union Bank of Californina - General $0 $0
Union Bank of Californina - General $634,514 ($311,202)
Union Bank of Californina - Payroll $81,040 $50,095
Union Bank of Californina - Tax $0 $0
Union Bank of Californina - Medical $39 $39
Union Bank of Californina - Flex Benefits $2,995 $2,995
Union Bank of Californina - Escrow $100 $100
Union Bank of Californina - General Pre-petition $0 $0
Union Bank of Californina - Payroll Pre-petition $0 $0
Wells Fargo CD's
MONEY MARKET ACCOUNTS
Janus Institutional $51,900,400 $51,900,400
Fidelity Institutional $32,812,470 $32,812,470
JP Morgan Institutional $0 $0
Dreyfus Institutional $0 $0
INSTITUTIONAL ACCOUNTS - ST INVESTMENTS
AIG Money Market Fund $6,188,452 $6,188,452
Morgan Stanley & Co. $38,963,356 $38,963,356
Salomon Smith Barney $0 $0
Lehman Brothers $1,200,294 $1,200,294
Wells Fargo Asset Mgmt $2,116 $2,116
Wells Fargo Asset Mgmt Pledged $2,042,889 $2,042,889
LT INVESTMENTS
Bank One $ 38,542,957 $38,542,957
State Street Bank $ 286,058 $286,058
EQUITY INVESTMENTS
Lehman Brothers $ 66,033 $ 66,033
Petty Cash on hand $ 1,000 $ 1,000
------------ ------------
$172,725,675 $171,749,015
============ ============
Page 9 of 11 Revised 1/1/98
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS
FOR THE MONTH ENDED 09/30/01
-----------------
Actual Cumulative
Current Month (Case to Date)
------------- --------------
CASH RECEIPTS
1 Rent/Leases Collected
------------- -------------
2 Cash Received from Sales $ 759,630
------------- -------------
3 Interest Received $ 398,371 $ 1,288,222
------------- -------------
4 Borrowings
------------- -------------
5 Funds from Shareholders, Partners, or Other Insiders
------------- -------------
6 Capital Contributions
------------- -------------
7 Legal Settlement $ 9,000
----------------------------------------------------- ------------- -------------
8 Proceeds from sale of common stock in Packeteer, Inc. $ 1,810,635
----------------------------------------------------- ------------- -------------
9 Interest Accrued on Government Strip $ (53,247) $ 358,596
----------------------------------------------------- ------------- -------------
10 Unrealized gain on short term investment $ 4,661
----------------------------------------------------- ------------- -------------
11 Proceeds from sale of fixed assets $ 172,548
----------------------------------------------------- ------------- -------------
12 TOTAL CASH RECEIPTS $ 345,124 $ 4,403,292
------------- -------------
CASH DISBURSEMENTS
13 Payments for Inventory
------------- -------------
14 Selling ($ 47,943) $ 0
------------- -------------
15 Administrative $ 859,622 $ 8,216,440
------------- -------------
16 Capital Expenditures
------------- -------------
17 Principal Payments on Debt
------------- -------------
18 Interest Paid
------------- -------------
Rent/Lease:
19 Personal Property
------------- -------------
20 Real Property $ 3,492 $ 3,837,971
------------- -------------
Amount Paid to Owner(s)/Officer(s)
21 Salaries $ 25,814 $ 179,034
------------- -------------
22 Draws
------------- -------------
23 Commissions/Royalties
------------- -------------
24 Expense Reimbursements $ 90 $ 7,560
------------- -------------
25 Other $ 2,500
------------- -------------
26 Salaries/Commissions (less employee withholding) $ 330,775 $ 2,917,973
------------- -------------
27 Management Fees
------------- -------------
Taxes:
28 Employee Withholding $ 240,946 $ 1,732,008
------------- -------------
29 Employer Payroll Taxes $ 29,897 $ 303,582
------------- -------------
30 Real Property Taxes $ 16,822
------------- -------------
31 Other Taxes $ 7,562 $ 97,353
------------- -------------
32 Other Cash Outflows:
------------- -------------
33 ESPP refund $ 512,394
----------------------------------------------------- ------------- -------------
34 Employee Expense Reimbursements $ 16,975 $ 186,824
----------------------------------------------------- ------------- -------------
35 Severance $ 167,436 $ 446,379
----------------------------------------------------- ------------- -------------
36 Reverse the unrealized gain for Packeteer Shares(1) $ 62,812 $ 1,528,433
----------------------------------------------------- ------------- -------------
37
----------------------------------------------------- ------------- -------------
38 TOTAL CASH DISBURSEMENTS: $ 1,697,478 $ 19,985,273
------------- -------------
39 NET INCREASE (DECREASE) IN CASH ($ 1,352,354) ($ 15,581,981)
------------- -------------
40 CASH BALANCE, BEGINNING OF PERIOD $ 173,101,369 $ 187,330,996
------------- -------------
41 CASH BALANCE, END OF PERIOD $ 171,749,015 $ 171,749,015
============= =============
Notes:
(1) Adjustment to the Packeteer Stock for changes in market value from the
petition date to the date of this report.
Page 10 of 11 Revised 1/1/98
STATEMENT OF CASH FLOWS
(Optional) Increase/(Decrease) in Cash and Cash Equivalents
For the Month Ended 09/30/01
------------------
CASH FLOWS FROM OPERATING ACTIVITIES ACTUAL CUMULATIVE
CURRENT MONTH (CASE TO DATE)
------------- -------------
1 Cash Received from Sales $ 759,630
------------- -------------
2 Rent/Leases Collected
------------- -------------
3 Interest Received $ 398,371 $ 1,288,222
------------- -------------
4 Cash Paid to Suppliers
------------- -------------
5 Cash Paid for Selling Expenses $ (47,943) $ 0
------------- -------------
6 Cash Paid for Administrative Expenses $ 859,622 $ 8,216,440
------------- -------------
Cash Paid for Rents/Leases:
7 Personal Property
------------- -------------
8 Real Property $ 3,492 $ 3,837,971
------------- -------------
9 Cash Paid for Interest
------------- -------------
10 Cash Paid for Net Payroll and Benefits $ 330,775 $ 2,917,973
------------- -------------
Cash Paid to Owner(s)/Officer(s)
11 Salaries $ 25,814 $ 179,034
------------- -------------
12 Draws
------------- -------------
13 Commissions/Royalties
------------- -------------
14 Expense Reimbursements $ 90 $ 7,560
------------- -------------
15 Other $ 2,500
------------- -------------
Cash Paid for Taxes Paid/Deposited to Tax Acct.
16 Employer Payroll Tax $ 29,897 $ 303,582
------------- -------------
17 Employee Withholdings $ 240,946 $ 1,732,008
------------- -------------
18 Real Property Taxes $ 16,822
------------- -------------
19 Other Taxes $ 7,562 $ 97,353
------------- -------------
20 Cash Paid for General Expenses
------------- -------------
21 Other cash inflows:
---------------------------------------------------------------------------- ------------- -------------
22 Legal settlement $ 9,000
---------------------------------------------------------------------------- ------------- -------------
23 Proceeds from sale of common stock in Packeteer, Inc. $ 1,810,635
---------------------------------------------------------------------------- ------------- -------------
24 Interest accrued on government strip $ (53,247) $ 358,596
---------------------------------------------------------------------------- ------------- -------------
Unrealized gain on short term investment $ 4,661
---------------------------------------------------------------------------- ------------- -------------
Proceeds from sale of fixed assets $ 172,548
---------------------------------------------------------------------------- ------------- -------------
Other cash outflows:
---------------------------------------------------------------------------- ------------- -------------
ESPP refund $ 512,394
---------------------------------------------------------------------------- ------------- -------------
Employee expense reimbursement $ 16,975 $ 186,824
---------------------------------------------------------------------------- ------------- -------------
Severance $ 167,436 $ 446,379
---------------------------------------------------------------------------- ------------- -------------
25 Reverse the unrealized gain on Packeteer shares (1) $ 62,812 $ 1,528,433
---------------------------------------------------------------------------- ------------- -------------
26
---------------------------------------------------------------------------- ------------- -------------
27 NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES BEFORE REORGANIZATION ITEMS $ (1,352,354) $ (15,581,981)
------------- -------------
CASH FLOWS FROM REORGANIZATION ITEMS
28 Interest Received on Cash Accumulated Due to Chp 11 Case
------------- -------------
29 Professional Fees Paid for Services in Connection with Chp 11 Case
------------- -------------
30 U.S. Trustee Quarterly Fees
------------- -------------
31
---------------------------------------------------------------------------- ------------- -------------
32 NET CASH PROVIDED (USED) BY REORGANIZATION ITEMS $ 0 $ 0
------------- -------------
33 NET CASH PROVIDED (USED) FOR OPERATING ACTIVITIES AND REORGANIZATION ITEMS $ (1,352,354) $ (15,581,981)
------------- -------------
CASH FLOWS FROM INVESTING ACTIVITIES
34 Capital Expenditures
------------- -------------
35 Proceeds from Sales of Capital Goods due to Chp 11 Case
------------- -------------
36
---------------------------------------------------------------------------- ------------- -------------
37 NET CASH PROVIDED (USED) BY INVESTING ACTIVITIES $ 0 $ 0
------------- -------------
CASH FLOWS FROM FINANCING ACTIVITIES
38 Net Borrowings (Except Insiders)
------------- -------------
39 Net Borrowings from Shareholders, Partners, or Other Insiders
------------- -------------
40 Capital Contributions
------------- -------------
41 Principal Payments
------------- -------------
42
---------------------------------------------------------------------------- ------------- -------------
43 NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES $ 0 $ 0
------------- -------------
44 NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS ($ 1,352,354) ($ 15,581,981)
------------- -------------
45 CASH AND CASH EQUIVALENTS AT BEGINNING OF MONTH $ 173,101,369 $ 187,330,996
------------- -------------
46 CASH AND CASH EQUIVALENTS AT END OF MONTH $ 171,749,015 $ 171,749,015
============= =============
Notes:
(1) Adjustment to the Packeteer Stock for changes in market value from the
petition date to the date of this report.
Page 11 of 11 Revised 1/1/98
UNITED STATES BANKRUPTCY COURT
NORTHERN DISTRICT OF CALIFORNIA
In re: Metricom Finance, Inc. CASE NO. 01-53297
-------------------
CHAPTER 11
MONTHLY OPERATING REPORT
(GENERAL BUSINESS CASE)
SUMMARY OF FINANCIAL STATUS
MONTH ENDED: Sep-01 PETITION DATE: 07/02/01
------------- -------------
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
--
2. ASSET AND LIABILITY STRUCTURE END OF CURRENT MONTH END OF PRIOR MONTH AS OF PETITION FILING
-------------------- ------------------ ---------------------
a. Current Assets $0 $0
-------------------- ------------------
b. Total Assets $0 $0 $0
-------------------- ------------------ ---------------------
c. Current Liabilities $0 $0
-------------------- ------------------
d. Total Liabilities $0 $0 $0
-------------------- ------------------ ---------------------
CUMULATIVE
3. STATEMENT OF CASH RECEIPTS & DISBURSEMENTS FOR MONTH CURRENT MONTH PRIOR MONTH (CASE TO DATE)
------------- ----------- --------------
a. Total Receipts $0 $0 $0
-------------------- ------------------ ---------------------
b. Total Disbursements $0 $0 $0
-------------------- ------------------ ---------------------
c. Excess (Deficiency) of Receipts Over
Disbursements (a - b) $0 $0 $0
-------------------- ------------------ ---------------------
d. Cash Balance Beginning of Month $0 $0 $0
-------------------- ------------------ ---------------------
e. Cash Balance End of Month (c + d) $0 $0 $0
-------------------- ------------------ ---------------------
CUMULATIVE
CURRENT MONTH PRIOR MONTH (CASE TO DATE)
------------- ----------- --------------
4. PROFIT/(LOSS) FROM THE STATEMENT OF OPERATIONS $0 $0 $0
-------------------- ------------------ ---------------------
5. ACCOUNT RECEIVABLES (PRE AND POST PETITION) $0 $0
-------------------- ------------------
6. POST-PETITION LIABILITIES $0 $0
-------------------- ------------------
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 x
payment, amount of payment and name of payee) ------------ ------------
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
------------ ------------
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 ; U.S. Trustee Quarterly Fees Check if filing is current for: Post-petition
---- -----
tax reporting and tax returns: .
----
(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: 10/18/01 /s/ David J. Pangburn
------------------ ------------------------------------------
Responsible Individual
STATEMENT OF OPERATIONS
(GENERAL BUSINESS CASE)
For the Month Ended 09/30/01
-------------------
CURRENT MONTH
----------------------------------------
ACTUAL FORECAST VARIANCE
------ -------- -------- CUMULATIVE NEXT MONTH
(CASE TO DATE) FORECAST
-------------- --------
REVENUES:
$0 $0 $0 1 Gross Sales $0 $0
------------ ------------ ----------- --------------- --------------
$0 $0 $0 2 less: Sales Returns & Allowances $0 $0
------------ ------------ ----------- --------------- --------------
$0 $0 $0 3 Net Sales $0 $0
------------ ------------ ----------- --------------- --------------
$0 $0 $0 4 less: Cost of Goods Sold (Schedule 'B') $0 $0
------------ ------------ ----------- --------------- --------------
$0 $0 $0 5 Gross Profit $0 $0
------------ ------------ ----------- --------------- --------------
$0 $0 $0 6 Interest $0 $0
------------ ------------ ----------- --------------- --------------
$0 $0 $0 7 Other Income: $0 $0
------------ ------------ ----------- --------------------------- --------------- --------------
8
------------ ------------ ----------- ------------------------------------------ --------------- --------------
9
------------ ------------ ----------- ------------------------------------------ --------------- --------------
$0 $0 $0 10 TOTAL REVENUES $0 $0
------------ ------------ ----------- --------------- --------------
EXPENSES:
$0 $0 $0 11 Compensation to Owner(s)/Officer(s) $0 $0
------------ ------------ ----------- --------------- --------------
$0 $0 $0 12 Salaries $0 $0
------------ ------------ ----------- --------------- --------------
$0 $0 $0 13 Commissions $0 $0
------------ ------------ ----------- --------------- --------------
$0 $0 $0 14 Contract Labor $0 $0
------------ ------------ ----------- --------------- --------------
Rent/Lease:
$0 $0 $0 15 Personal Property $0 $0
------------ ------------ ----------- --------------- --------------
$0 $0 $0 16 Real Property $0 $0
------------ ------------ ----------- --------------- --------------
$0 $0 $0 17 Insurance $0 $0
------------ ------------ ----------- --------------- --------------
$0 $0 $0 18 Management Fees $0 $0
------------ ------------ ----------- --------------- --------------
$0 $0 $0 19 Depreciation $0 $0
------------ ------------ ----------- --------------- --------------
$0 $0 $0 20 Taxes: $0 $0
Employer Payroll Taxes
------------ ------------ ----------- --------------- --------------
$0 $0 $0 21 Real Property Taxes $0 $0
------------ ------------ ----------- --------------- --------------
$0 $0 $0 22 Other Taxes $0 $0
------------ ------------ ----------- --------------- --------------
$0 $0 $0 23 Other Selling $0 $0
------------ ------------ ----------- --------------- --------------
$0 $0 $0 24 Other Administrative $0 $0
------------ ------------ ----------- --------------- --------------
$0 $0 $0 25 Interest $0 $0
------------ ------------ ----------- --------------- --------------
$0 $0 $0 26 Other Expenses: $0 $0
------------ ------------ ----------- ------------------------- --------------- --------------
$0 $0 $0 27 $0 $0
------------ ------------ ----------- ------------------------------------------ --------------- --------------
$0 $0 $0 28 $0 $0
------------ ------------ ----------- ------------------------------------------ --------------- --------------
$0 $0 $0 29 $0 $0
------------ ------------ ----------- ------------------------------------------ --------------- --------------
$0 $0 $0 30 $0 $0
------------ ------------ ----------- ------------------------------------------ --------------- --------------
$0 $0 $0 31 $0 $0
------------ ------------ ----------- ------------------------------------------ --------------- --------------
$0 $0 $0 32 $0 $0
------------ ------------ ----------- ------------------------------------------ --------------- --------------
$0 $0 $0 33 $0 $0
------------ ------------ ----------- ------------------------------------------ --------------- --------------
$0 $0 $0 34 $0 $0
------------ ------------ ----------- ------------------------------------------ --------------- --------------
$0 $0 $0 35 TOTAL EXPENSES $0 $0
------------ ------------ ----------- --------------- --------------
$0 $0 $0 36 SUBTOTAL $0 $0
------------ ------------ ----------- --------------- --------------
$0 $0 $0 37 REORGANIZATION ITEMS: $0 $0
Professional Fees
------------ ------------ ----------- --------------- --------------
$0 $0 $0 38 Provisions for Rejected Executory
Contracts $0 $0
------------ ------------ ----------- --------------- --------------
$0 $0 $0 39 Interest Earned on Accumulated Cash from $0 $0
------------ ------------ ----------- Resulting Chp 11 Case --------------- --------------
$0 $0 $0 40 Gain or (Loss) from Sale of Equipment $0 $0
------------ ------------ ----------- --------------- --------------
$0 $0 $0 41 U.S. Trustee Quarterly Fees $0 $0
------------ ------------ ----------- --------------- --------------
$0 $0 $0 42 $0 $0
------------ ------------ ----------- ------------------------------------------- --------------- --------------
$0 $0 $0 43 TOTAL REORGANIZATION ITEMS $0 $0
------------ ------------ ----------- --------------- --------------
$0 $0 $0 44 NET PROFIT (LOSS) BEFORE FEDERAL & STATE
TAXES $0 $0
------------ ------------ ----------- --------------- --------------
$0 $0 $0 45 Federal & State Income Taxes $0 $0
------------ ------------ ----------- --------------- --------------
$0 $0 $0 46 NET PROFIT (LOSS) $0 $0
============ ============ =========== =============== ==============
Attach an Explanation of Variance to Statement of Operations (For variances
greater than +/- 10% only):
BALANCE SHEET
(GENERAL BUSINESS CASE)
FOR THE MONTH ENDED 09/30/01
--------------------
ASSETS
FROM SCHEDULES MARKET VALUE
-------------- ------------
CURRENT ASSETS
1 Cash and cash equivalents - unrestricted $0
----------------
2 Cash and cash equivalents - restricted $0
----------------
3 Accounts receivable (net) A $0
----------------
4 Inventory B $0
----------------
5 Prepaid expenses $0
----------------
6 Professional retainers $0
----------------
7 Other: $0
------------------------------------------------ ----------------
8
------------------------------------------------------ ----------------
9 TOTAL CURRENT ASSETS $0
----------------
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 $0
------------------------------------------------ ----------------
17 D $0
------------------------------------------------------ ----------------
18 D $0
------------------------------------------------------ ----------------
19 D $0
------------------------------------------------------ ----------------
20 D $0
------------------------------------------------------ ----------------
21 TOTAL PROPERTY AND EQUIPMENT $0
----------------
OTHER ASSETS
22 Loans to shareholders $0
----------------
23 Loans to affiliates $0
----------------
24
------------------------------------------------------ ----------------
25
------------------------------------------------------ ----------------
26
------------------------------------------------------ ----------------
27
------------------------------------------------------ ----------------
28 TOTAL OTHER ASSETS $0
----------------
29 TOTAL ASSETS $0
================
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 $0
----------------
31 Payroll taxes $0
----------------
32 Real and personal property taxes $0
----------------
33 Income taxes $0
----------------
34 Sales taxes $0
----------------
35 Notes payable (short term) $0
----------------
36 Accounts payable (trade) A $0
----------------
37 Real property lease arrearage $0
----------------
38 Personal property lease arrearage $0
----------------
39 Accrued professional fees $0
----------------
40 Current portion of long-term post-petition debt
(due within 12 months) $0
----------------
41 Other: $0
------------------------------------------------ ----------------
42
------------------------------------------------------ ----------------
43
------------------------------------------------------ ----------------
44 TOTAL CURRENT LIABILITIES $0
----------------
45 LONG-TERM POST-PETITION DEBT, NET OF CURRENT PORTION $0
----------------
46 TOTAL POST-PETITION LIABILITIES $0
----------------
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 $0
----------------
51 TOTAL LIABILITIES $0
----------------
EQUITY (DEFICIT)
52 Retained Earnings/(Deficit) at time of filing $0
----------------
53 Capital Stock $0
----------------
54 Additional paid-in capital $0
----------------
55 Cumulative profit/(loss) since filing of case $0
----------------
56 Post-petition contributions/(distributions) or (draws) $0
----------------
57
------------------------------------------------------ ----------------
58 Market value adjustment $0
----------------
59 TOTAL EQUITY (DEFICIT) $0
----------------
60 TOTAL LIABILITIES AND EQUITY (DEFICIT) $0
================
SCHEDULES TO THE BALANCE SHEET
(General Business Case)
Schedule A
Accounts Receivable and (Net) Payable
Receivables and Payables Agings ACCOUNTS RECEIVABLE ACCOUNTS PAYABLE PAST DUE
[PRE AND POST PETITION] [POST PETITION] POST PETITION DEBT
----------------------- --------------- ------------------
0 -30 Days $0 $0
----------------------- ---------------
31-60 Days $0 $0
----------------------- --------------
61-90 Days $0 $0 $0
----------------------- -------------- ------------------
91+ Days $0 $0
----------------------- --------------
Total accounts receivable/payable $0 $0
----------------------- ==============
Allowance for doubtful accounts $0
----------------------
Accounts receivable (net) $0
======================
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
$0
----------------------
Add -
Retail/Restaurants - Net purchase $0
----------------------
Product for resale $0 Direct labor $0
--------------------- ----------------------
Manufacturing overhead $0
----------------------
Distribution - Freight in $0
----------------------
Products for resale $0 Other: $0
--------------------- ----------------------
---------------------------------- ----------------------
Manufacturer -
---------------------------------- ----------------------
Raw Materials $0
---------------------
Work-in-progress $0 Less -
---------------------
Finished goods $0 Inventory End of Month $0
--------------------- ----------------------
Shrinkage $0
----------------------
Other - Explain $0 Personal Use $0
--------------------- ----------------------
-------------------------
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 Not Applicable
------------------------------ --------------------------------------------------------
--------------------------------------------------------
Date of next physical inventory is Not Applicable
------------------------------ --------------------------------------------------------
SCHEDULE C
REAL PROPERTY
Description COST MARKET VALUE
---- ------------
None $0 $0
---------------------------------------------------------- -------------------- -------------------------
---------------------------------------------------------- -------------------- -------------------------
---------------------------------------------------------- -------------------- -------------------------
---------------------------------------------------------- -------------------- -------------------------
---------------------------------------------------------- -------------------- -------------------------
---------------------------------------------------------- -------------------- -------------------------
Total $0 $0
==================== =========================
SCHEDULE D
OTHER DEPRECIABLE ASSETS
Description COST MARKET VALUE
---- ------------
Machinery & Equipment -
None $0 $0
---------------------------------------------------------- -------------------- -------------------------
---------------------------------------------------------- -------------------- -------------------------
---------------------------------------------------------- -------------------- -------------------------
---------------------------------------------------------- -------------------- -------------------------
Total $0 $0
==================== =========================
Furniture & Fixtures -
None $0 $0
---------------------------------------------------------- -------------------- -------------------------
---------------------------------------------------------- -------------------- -------------------------
---------------------------------------------------------- -------------------- -------------------------
---------------------------------------------------------- -------------------- -------------------------
Total $0 $0
==================== =========================
Office Equipment -
None $0 $0
---------------------------------------------------------- -------------------- -------------------------
---------------------------------------------------------- -------------------- -------------------------
---------------------------------------------------------- -------------------- -------------------------
Total $0 $0
==================== =========================
Leasehold Improvements -
None $0 $0
---------------------------------------------------------- -------------------- -------------------------
---------------------------------------------------------- -------------------- -------------------------
---------------------------------------------------------- -------------------- -------------------------
---------------------------------------------------------- -------------------- -------------------------
Total $0 $0
==================== =========================
Vehicles -
None $0 $0
---------------------------------------------------------- -------------------- -------------------------
---------------------------------------------------------- -------------------- -------------------------
---------------------------------------------------------- -------------------- -------------------------
---------------------------------------------------------- -------------------- -------------------------
Total $0 $0
==================== =========================
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 $0 $0 $0 $0
--------------- ---------------- --------------- ------------- -------------
FICA - Employee $0 $0 $0 $0 $0
--------------- ---------------- --------------- ------------- -------------
FICA - Employer $0 $0 $0 $0 $0
--------------- ---------------- --------------- ------------- -------------
Unemployment (FUTA) $0 $0 $0 $0 $0
--------------- ---------------- --------------- ------------- -------------
Income $0 $0 $0 $0 $0
--------------- ---------------- --------------- ------------- -------------
Other (Attach List) $0 $0 $0 $0 $0
--------------- ---------------- --------------- ------------- -------------
TOTAL FEDERAL TAXES $0 $0 $0 $0 $0
--------------- ---------------- --------------- ------------- -------------
STATE AND LOCAL
Income Tax Withholding $0 $0 $0 $0 $0
--------------- ---------------- --------------- ------------- -------------
Unemployment (UT) $0 $0 $0 $0 $0
--------------- ---------------- --------------- ------------- -------------
Disability Insurance (DI) $0 $0 $0 $0 $0
--------------- ---------------- --------------- ------------- -------------
Empl. Training Tax (ETT) $0 $0 $0 $0 $0
--------------- ---------------- --------------- ------------- -------------
Sales $0 $0 $0 $0 $0
--------------- ---------------- --------------- ------------- -------------
Excise $0 $0 $0 $0 $0
--------------- ---------------- --------------- ------------- -------------
Real property $0 $0 $0 $0 $0
--------------- ---------------- --------------- ------------- -------------
Personal property $0 $0 $0 $0 $0
--------------- ---------------- --------------- ------------- -------------
Income $0 $0 $0 $0 $0
--------------- ---------------- --------------- ------------- -------------
Other (Attach List) $0 $0 $0 $0 $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) $0 $0
----------------- ---------------
Priority claims other than taxes $0 $0
----------------- ---------------
Priority tax claims $0 $0
----------------- ---------------
General unsecured claims $0 $0
----------------- ---------------
(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 None
----------------- ------------------ ----------------- ---------------
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 09/30/01
----------------
Actual Cumulative
Current Month (Case to Date)
------------- --------------
CASH RECEIPTS
1 Rent/Leases Collected $0 $0
-------------- -------------
2 Cash Received from Sales $0 $0
-------------- -------------
3 Interest Received $0 $0
-------------- -------------
4 Borrowings $0 $0
-------------- -------------
5 Funds from Shareholders, Partners, or Other Insiders $0 $0
-------------- -------------
6 Capital Contributions $0 $0
-------------- -------------
7
------------------------------------------------------------------ -------------- -------------
8
------------------------------------------------------------------ -------------- -------------
9
------------------------------------------------------------------ -------------- -------------
10
------------------------------------------------------------------ -------------- -------------
11
------------------------------------------------------------------ -------------- -------------
12 TOTAL CASH RECEIPTS $0 $0
-------------- -------------
CASH DISBURSEMENTS
13 Payments for Inventory $0 $0
-------------- -------------
14 Selling $0 $0
-------------- -------------
15 Administrative $0 $0
-------------- -------------
16 Capital Expenditures $0 $0
-------------- -------------
17 Principal Payments on Debt $0 $0
-------------- -------------
18 Interest Paid $0 $0
-------------- -------------
Rent/Lease:
19 Personal Property $0 $0
-------------- -------------
20 Real Property $0 $0
-------------- -------------
Amount Paid to Owner(s)/Officer(s)
21 Salaries $0 $0
-------------- -------------
22 Draws $0 $0
-------------- -------------
23 Commissions/Royalties $0 $0
-------------- -------------
24 Expense Reimbursements $0 $0
-------------- -------------
25 Other $0 $0
-------------- -------------
26 Salaries/Commissions (less employee withholding) $0 $0
-------------- -------------
27 Management Fees $0 $0
-------------- -------------
Taxes:
28 Employee Withholding $0 $0
-------------- -------------
29 Employer Payroll Taxes $0 $0
-------------- -------------
30 Real Property Taxes $0 $0
-------------- -------------
31 Other Taxes $0 $0
-------------- -------------
32 Other Cash Outflows: $0 $0
-------------- -------------
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 $0 $0
-------------- -------------
41 CASH BALANCE, END OF PERIOD $0 $0
============== =============
STATEMENT OF CASH FLOWS
(Optional) Increase/(Decrease) in Cash and Cash Equivalents
For the Month Ended 09/30/01
-------------
CASH FLOWS FROM OPERATING ACTIVITIES ACTUAL CUMULATIVE
CURRENT MONTH (CASE TO DATE)
1 Cash Received from Sales $0 $0
-------------- -------------
2 Rent/Leases Collected $0 $0
-------------- -------------
3 Interest Received $0 $0
-------------- -------------
4 Cash Paid to Suppliers $0 $0
-------------- -------------
5 Cash Paid for Selling Expenses $0 $0
-------------- -------------
6 Cash Paid for Administrative Expenses $0 $0
-------------- -------------
Cash Paid for Rents/Leases:
7 Personal Property $0 $0
-------------- -------------
8 Real Property $0 $0
-------------- -------------
9 Cash Paid for Interest $0 $0
-------------- -------------
10 Cash Paid for Net Payroll and Benefits $0 $0
-------------- -------------
Cash Paid to Owner(s)/Officer(s)
11 Salaries $0 $0
-------------- -------------
12 Draws $0 $0
-------------- -------------
13 Commissions/Royalties $0 $0
-------------- -------------
14 Expense Reimbursements $0 $0
-------------- -------------
15 Other $0 $0
-------------- -------------
Cash Paid for Taxes Paid/Deposited to Tax Acct.
16 Employer Payroll Tax $0 $0
-------------- -------------
17 Employee Withholdings $0 $0
-------------- -------------
18 Real Property Taxes $0 $0
-------------- -------------
19 Other Taxes $0 $0
-------------- -------------
20 Cash Paid for General Expenses $0 $0
-------------- -------------
21
------------------------------------------------------------------ -------------- -------------
22
------------------------------------------------------------------ -------------- -------------
23
------------------------------------------------------------------ -------------- -------------
24
------------------------------------------------------------------ -------------- -------------
25
------------------------------------------------------------------ -------------- -------------
26
------------------------------------------------------------------ -------------- -------------
27 NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES BEFORE
REORGANIZATION ITEMS $0 $0
-------------- -------------
CASH FLOWS FROM REORGANIZATION ITEMS
28 Interest Received on Cash Accumulated Due to Chp 11 Case $0 $0
-------------- -------------
29 Professional Fees Paid for Services in Connection with Chp 11 Case $0 $0
-------------- -------------
30 U.S. Trustee Quarterly Fees $0 $0
-------------- -------------
31
------------------------------------------------------------------ -------------- -------------
32 NET CASH PROVIDED (USED) BY REORGANIZATION ITEMS $0 $0
-------------- -------------
33 NET CASH PROVIDED (USED) FOR OPERATING ACTIVITIES AND REORGANIZATION ITEMS $0 $0
-------------- -------------
CASH FLOWS FROM INVESTING ACTIVITIES
34 Capital Expenditures $0 $0
-------------- -------------
35 Proceeds from Sales of Capital Goods due to Chp 11 Case $0 $0
-------------- -------------
36
------------------------------------------------------------------ -------------- -------------
37 NET CASH PROVIDED (USED) BY INVESTING ACTIVITIES $0 $0
-------------- -------------
CASH FLOWS FROM FINANCING ACTIVITIES
38 Net Borrowings (Except Insiders) $0 $0
-------------- -------------
39 Net Borrowings from Shareholders, Partners, or Other Insiders $0 $0
-------------- -------------
40 Capital Contributions $0 $0
-------------- -------------
41 Principal Payments $0 $0
-------------- -------------
42
------------------------------------------------------------------ -------------- -------------
43 NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES $0 $0
-------------- -------------
44 NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS $0 $0
-------------- -------------
45 CASH AND CASH EQUIVALENTS AT BEGINNING OF MONTH $0 $0
-------------- -------------
46 CASH AND CASH EQUIVALENTS AT END OF MONTH $0 $0
============== =============
UNITED STATES BANKRUPTCY COURT
NORTHERN DISTRICT OF CALIFORNIA
In re: Metricom DC, L.L.C. CASE NO. 01-53300
------------
CHAPTER 11
MONTHLY OPERATING REPORT
(GENERAL BUSINESS CASE)
------------------------------------------------
SUMMARY OF FINANCIAL STATUS
MONTH ENDED: Sep-01 PETITION DATE: 07/02/01
------------- --------------
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
2. ASSET AND LIABILITY STRUCTURE END OF CURRENT MONTH END OF PRIOR MONTH AS OF PETITION FILING (1)
-------------------- ------------------ -------------------------
a. Current Assets $ 0 $ 0
------------ ------------
b. Total Assets $179,876,057 $179,876,057 $180,022,607
------------ ------------ ------------
c. Current Liabilities $ 0 $ 0
------------ ------------
d. Total Liabilities $173,336,287 $173,336,287 $180,367,549
------------ ------------ ------------
CUMULATIVE
3. STATEMENT OF CASH RECEIPTS & DISBURSEMENTS FOR MONTH CURRENT MONTH PRIOR MONTH (CASE TO DATE)
------------- ----------- --------------
a. Total Receipts $0 $0
------ ------------ --------
b. Total Disbursements $0 $0
------ ------------ --------
c. Excess (Deficiency) of Receipts Over Disbursements (a - b) $0 $0
------ ------------ --------
d. Cash Balance Beginning of Month $0 $0
------ ------------ --------
e. Cash Balance End of Month (c + d) $0 $0
------ ------------ --------
CUMULATIVE
CURRENT MONTH PRIOR MONTH (CASE TO DATE)
------------- ----------- --------------
4. PROFIT/(LOSS) FROM THE STATEMENT OF OPERATIONS $0 $0
------------ ------------ --------
5. ACCOUNT RECEIVABLES (PRE AND POST PETITION) $0
------------ ------------
6. POST-PETITION LIABILITIES $0
------------ ------------
7. PAST DUE POST-PETITION ACCOUNT PAYABLES (OVER 30 DAYS) $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 X
course to secured creditors or lessors? (if yes, attach listing including date of ----- -----
payment, amount of payment and name of payee)
9. Have any payments been made to professionals? (if yes, attach listing including date of X
payment, amount of payment and name of payee) ----- -----
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, X
attach listing including date of payment, amount and reason for payment, and name of payee) ----- -----
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 / /; U.S. Trustee Quarterly Fees / /;
Check if filing is current for: Post-petition tax reporting and tax
returns: / /.
(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.)
NOTES:
(1) AS FILED WITH THE BANKRUPTCY COURT IN THE DEBTOR'S SCHEDULE OF ASSETS AND
LIABILITIES.
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: 10/18/01 /s/ David J. Pangburn
------------------ ------------------------------------------
Responsible Individual
Revised 1/1/98
STATEMENT OF OPERATIONS
(GENERAL BUSINESS CASE)
For the Month Ended 09/30/01
CURRENT MONTH
--------------------------
CUMULATIVE NEXT MONTH
ACTUAL FORECAST VARIANCE (CASE TO DATE) FORECAST
------ -------- -------- -------------- -----------
REVENUES:
$0 $0 $0 1 Gross Sales $0 $0
----- ----- ----- ----- -----
$0 $0 $0 2 less: Sales Returns & Allowances $0 $0
----- ----- ----- ----- -----
$0 $0 $0 3 Net Sales $0 $0
----- ----- ----- ----- -----
$0 $0 $0 4 less: Cost of Goods Sold (Schedule 'B') $0 $0
----- ----- ----- ----- -----
$0 $0 $0 5 Gross Profit $0 $0
----- ----- ----- ----- -----
$0 $0 $0 6 Interest $0 $0
----- ----- ----- ----- -----
$0 $0 $0 7 Other Income: $0 $0
----- ----- ----- -------------------- ----- -----
$0 $0 $0 8 $0 $0
----- ----- ----- ------------------------------------------------- ----- -----
$0 $0 $0 9 $0 $0
----- ----- ----- ------------------------------------------------- ----- -----
$0 $0 $0 10 TOTAL REVENUES $0 $0
----- ----- ----- ----- -----
EXPENSES:
$0 $0 $0 11 Compensation to Owner(s)/Officer(s) $0 $0
----- ----- ----- ----- -----
$0 $0 $0 12 Salaries $0 $0
----- ----- ----- ----- -----
$0 $0 $0 13 Commissions $0 $0
----- ----- ----- ----- -----
$0 $0 $0 14 Contract Labor $0 $0
----- ----- ----- ----- -----
Rent/Lease:
$0 $0 $0 15 Personal Property $0 $0
----- ----- ----- ----- -----
$0 $0 $0 16 Real Property $0 $0
----- ----- ----- ----- -----
$0 $0 $0 17 Insurance $0 $0
----- ----- ----- ----- -----
$0 $0 $0 18 Management Fees $0 $0
----- ----- ----- ----- -----
$0 $0 $0 19 Depreciation $0 $0
----- ----- ----- ----- -----
Taxes:
$0 $0 $0 20 Employer Payroll Taxes $0 $0
----- ----- ----- ----- -----
$0 $0 $0 21 Real Property Taxes $0 $0
----- ----- ----- ----- -----
$0 $0 $0 22 Other Taxes $0 $0
----- ----- ----- ----- -----
$0 $0 $0 23 Other Selling $0 $0
----- ----- ----- ----- -----
$0 $0 $0 24 Other Administrative $0 $0
----- ----- ----- ----- -----
$0 $0 $0 25 Interest $0 $0
----- ----- ----- ----- -----
$0 $0 $0 26 Other Expenses: $0 $0
----- ----- ----- -------------------- ----- -----
$0 $0 $0 27 $0 $0
----- ----- ----- ------------------------------------------------- ----- -----
$0 $0 $0 28 $0 $0
----- ----- ----- ------------------------------------------------- ----- -----
$0 $0 $0 29 $0 $0
----- ----- ----- ------------------------------------------------- ----- -----
$0 $0 $0 30 $0 $0
----- ----- ----- ------------------------------------------------- ----- -----
$0 $0 $0 31 $0 $0
----- ----- ----- ------------------------------------------------- ----- -----
$0 $0 $0 32 $0 $0
----- ----- ----- ------------------------------------------------- ----- -----
$0 $0 $0 33 $0 $0
----- ----- ----- ------------------------------------------------- ----- -----
$0 $0 $0 34 $0 $0
----- ----- ----- ------------------------------------------------- ----- -----
$0 $0 $0 35 TOTAL EXPENSES $0 $0
----- ----- ----- ----- -----
$0 $0 $0 36 SUBTOTAL $0 $0
----- ----- ----- ----- -----
REORGANIZATION ITEMS:
$0 $0 $0 37 Professional Fees $0 $0
----- ----- ----- ----- -----
$0 $0 $0 38 Provisions for Rejected Executory Contracts $0 $0
----- ----- ----- ----- -----
$0 $0 $0 39 Interest Earned on Accumulated Cash from $0 $0
----- ----- ----- ----- -----
$0 $0 Resulting Chp 11 Case $0 $0
----- ----- ----- -----
$0 $0 $0 40 Gain or (Loss) from Sale of Equipment $0 $0
----- ----- ----- ----- -----
$0 $0 $0 41 U.S. Trustee Quarterly Fees $0 $0
----- ----- ----- ----- -----
$0 $0 $0 42 $0 $0
----- ----- ----- ------------------------------------------------- ----- -----
$0 $0 $0 43 TOTAL REORGANIZATION ITEMS $0 $0
----- ----- ----- ----- -----
$0 $0 $0 44 NET PROFIT (LOSS) BEFORE FEDERAL & STATE TAXES $0 $0
----- ----- ----- ----- -----
$0 $0 $0 45 Federal & State Income Taxes $0 $0
----- ----- ----- ----- -----
$0 $0 $0 46 NET PROFIT (LOSS) $0 $0
===== ===== ===== ===== =====
Attach an Explanation of Variance to Statement of Operations (For variances
greater than +/- 10% only):
Revised 1/1/98
Page 2 of 9
BALANCE SHEET
(GENERAL BUSINESS CASE)
FOR THE MONTH ENDED 09/30/01
ASSETS
FROM SCHEDULES BOOK VALUE
CURRENT ASSETS
1 Cash and cash equivalents - unrestricted $ 0
--------------
2 Cash and cash equivalents - restricted $ 0
--------------
3 Accounts receivable (net) A $ 0
--------------
4 Inventory B $ 0
--------------
5 Prepaid expenses $ 0
--------------
6 Professional retainers $ 0
--------------
7 Other: $ 0
--------------------------------------------------- --------------
8
-------------------------------------------------------------- --------------
9 TOTAL CURRENT ASSETS $ 0
--------------
PROPERTY AND EQUIPMENT (BOOK VALUE)
10 Real property C $ 0
--------------
11 Machinery and equipment D $ 281,653
--------------
12 Furniture and fixtures D $ 0
--------------
13 Office equipment D $ 0
--------------
14 Leasehold improvements D $ 0
--------------
15 Vehicles D $ 0
--------------
16 Other: D $ 0
------------------------------------------------------------- --------------
17 D
------------------------------------------------------------- --------------
18 D
------------------------------------------------------------- --------------
19 D
------------------------------------------------------------- --------------
20 D
------------------------------------------------------------- --------------
21 TOTAL PROPERTY AND EQUIPMENT $ 281,653
--------------
OTHER ASSETS
22 Loans to shareholders $ 0
--------------
23 Loans to affiliates $ 0
--------------
24 Network Equipment & Inventory $179,594,404
-------------------------------------------------------------- --------------
25
-------------------------------------------------------------- --------------
26
-------------------------------------------------------------- --------------
27
-------------------------------------------------------------- --------------
28 TOTAL OTHER ASSETS $179,594,404
--------------
29 TOTAL ASSETS $179,876,057
==============
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.
Book value of assets has been reported above. No valuation of the
Debtor's assets has been made at this time.
LIABILITIES AND EQUITY
(GENERAL BUSINESS CASE)
Revised 1/1/98
Page 3 of 9
LIABILITIES FROM SCHEDULES
POST-PETITION
CURRENT LIABILITIES
30 Salaries and wages $ 0
-------------
31 Payroll taxes $ 0
-------------
32 Real and personal property taxes $ 0
-------------
33 Income taxes $ 0
-------------
34 Sales taxes $ 0
-------------
35 Notes payable (short term) $ 0
-------------
36 Accounts payable (trade) A $ 0
-------------
37 Real property lease arrearage $ 0
-------------
38 Personal property lease arrearage $ 0
-------------
39 Accrued professional fees $ 0
-------------
40 Current portion of long-term post-petition debt (due within 12 months) $ 0
-------------
41 Other: $ 0
---------------------------------------------------------- -------------
42
------------------------------------------------------------------------- -------------
43
------------------------------------------------------------------------- -------------
44 TOTAL CURRENT LIABILITIES $ 0
-------------
45 LONG-TERM POST-PETITION DEBT, NET OF CURRENT PORTION $ 0
--------------
46 TOTAL POST-PETITION LIABILITIES $ 0
--------------
PRE-PETITION LIABILITIES (ALLOWED AMOUNT) - SEE PAGE 7 OF 9
47 Secured claims F $ 0
--------------
48 Priority unsecured claims F ($284,146)
--------------
49 General unsecured claims (1) F $173,620,433
--------------
50 TOTAL PRE-PETITION LIABILITIES $173,336,287
--------------
51 TOTAL LIABILITIES $173,336,287
--------------
EQUITY (DEFICIT)
52 Retained Earnings/(Deficit) at time of filing (1) $ 1,354,797
--------------
53 Capital Stock $ 5,184,973
--------------
54 Additional paid-in capital
--------------
55 Cumulative profit/(loss) since filing of case
--------------
56 Post-petition contributions/(distributions) or (draws)
--------------
57
------------------------------------------------------------------------- -------------
58 Market value adjustment
--------------
59 TOTAL EQUITY (DEFICIT) $ 6,539,770
--------------
60 TOTAL LIABILITIES AND EQUITY (DEFICIT) $179,876,057
==============
NOTE: (1) Prior year adjustment retroactive to 12/31/00 due to the change
in the management fee charged by Metricom Inc., the Debtor's parent
company.
Revised 1/1/98
Page 4 of 9
SCHEDULES TO THE BALANCE SHEET
(General Business Case)
Schedule A
Accounts Receivable and (Net) Payable
Receivables and Payables Agings ACCOUNTS RECEIVABLE ACCOUNTS PAYABLE PAST DUE
[PRE AND POST PETITION] [POST PETITION] POST PETITION DEBT
0 -30 Days $0 $0
---------------- ----------------
31-60 Days $0 $0
---------------- ----------------
61-90 Days $0 $0 $0
---------------- ---------------- ----------------
91+ Days $0 $0
---------------- ----------------
Total accounts receivable/payable $0 $0
---------------- ================
Allowance for doubtful accounts $0
----------------
Accounts receivable (net) $0
================
SCHEDULE B
INVENTORY/COST OF GOODS SOLD
TYPES AND AMOUNT OF INVENTORY(IES) COST OF GOODS SOLD
INVENTORY(IES) INVENTORY BEGINNING OF MONTH $0
BALANCE AT
END OF MONTH
-------
Add - $0
-------
Retail/Restaurants - Net purchase $0
-------
Product for resale $0 Direct labor $0
------------ -------
Manufacturing overhead $0
-------
Distribution - Freight in $0
-------
Products for resale $0 Other: $0
------------ -------
------------------------------------------ -------
Manufacturer -
------------------------------------------ -------
Raw Materials $0
------------
Work-in-progress $0 Less -
------------
Finished goods $0 Inventory End of Month $0
------------ -------
Shrinkage $0
-------
Other - Explain $0 Personal Use $0
------------ -------
--------------------------------------
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 Not Applicable
------------------------- ---------------------------------------------------------------
---------------------------------------------------------------
Date of next physical inventory is Not Applicable
------------------------- ---------------------------------------------------------------
Revised 1/1/98
Page 5 of 9
SCHEDULE C
REAL PROPERTY
Description COST MARKET VALUE
---- ------------
None $ 0 $ 0
------------------------------------------------------------------------------- ------ -----
------------------------------------------------------------------------------- ------ -----
------------------------------------------------------------------------------- ------ -----
------------------------------------------------------------------------------- ------ -----
------------------------------------------------------------------------------- ------ -----
------------------------------------------------------------------------------- ------ -----
Total $ 0 $ 0
====== =====
SCHEDULE D
OTHER DEPRECIABLE ASSETS
Description COST NET BOOK VALUE
---- --------------
Machinery & Equipment -
Computer Hardware $281,653 $281,653
------------------------------------------------------------------------------- --------- ---------
------------------------------------------------------------------------------- --------- ---------
------------------------------------------------------------------------------- --------- ---------
------------------------------------------------------------------------------- --------- ---------
Total $281,653 $281,653
========= =========
Furniture & Fixtures -
None $ 0 $ 0
------------------------------------------------------------------------------- --------- ---------
------------------------------------------------------------------------------- --------- ---------
------------------------------------------------------------------------------- --------- ---------
------------------------------------------------------------------------------- --------- ---------
Total $ 0 $ 0
========= =========
Office Equipment -
None $ 0 $ 0
------------------------------------------------------------------------------- --------- ---------
------------------------------------------------------------------------------- --------- ---------
------------------------------------------------------------------------------- --------- ---------
Total $ 0 $ 0
========= =========
Leasehold Improvements -
None $ 0 $ 0
------------------------------------------------------------------------------- --------- ---------
------------------------------------------------------------------------------- --------- ---------
------------------------------------------------------------------------------- --------- ---------
------------------------------------------------------------------------------- --------- ---------
Total $ 0 $ 0
========= =========
Vehicles -
None $ 0 $ 0
------------------------------------------------------------------------------- --------- ---------
------------------------------------------------------------------------------- --------- ---------
------------------------------------------------------------------------------- --------- ---------
------------------------------------------------------------------------------- --------- ---------
Total $ 0 $ 0
========= =========
Revised 1/1/98
Page 6 of 9
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
LIST TOTAL CLAIMS FOR EACH CLASSIFICATION - CLAIMED ALLOWED
AMOUNT AMOUNT (B)
(1) (2)
------------ ------------
Secured claims (a) $ 0 $ 0
------------ ------------
Priority claims other than taxes $ 0 $ 0
------------ ------------
Priority tax claims $ 25,122 ($284,146)
------------ ------------
General unsecured claims $180,342,426 $173,620,433
------------ ------------
(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.
(1) As reported on the Schedule of Assets and Liabilities filed on July
27, 2001
(2) As maintained on the Debtor's Balance Sheet at the Month End Close
of July 31, 2001. This general unsecured claim represents an
intercompany payable to Metricom, Inc. The change in the payable
from the claimed amount to the allowed amount is due to certain
accounting changes due to intercompany transactions. The allowed
amount is an estimated amount and may include claims that are either
contingent, disputed, and/or unliquidated. By stating this amount,
the Debtor reserves its right to dispute any claim(s) which comprise
this estimated allowed amount based on any grounds.
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 Wells Fargo LLC
---------------- ---------------- ---------------- ----------------
Account Type General Banking
---------------- ---------------- ---------------- ----------------
Account No. 4487-099655
---------------- ---------------- ---------------- ----------------
Account Purpose General Banking
---------------- ---------------- ---------------- ----------------
Balance, End of Month $0
---------------- ---------------- ---------------- ----------------
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.
Revised 1/1/98
Page 7 of 9
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS
FOR THE MONTH ENDED 09/30/01
Actual Cumulative
Current Month (Case to Date)
------------- --------------
CASH RECEIPTS
1 Rent/Leases Collected $0 $0
------------- -----------
2 Cash Received from Sales $0 $0
------------- -----------
3 Interest Received $0 $0
------------- -----------
4 Borrowings $0 $0
------------- -----------
5 Funds from Shareholders, Partners, or Other Insiders $0 $0
------------- -----------
6 Capital Contributions $0 $0
------------- -----------
7
---------------------------------------------------------------- ------------- -----------
8
-------------------------------------------------------- ------------- -----------
9
---------------------------------------------------------------- ------------- -----------
10
---------------------------------------------------------------- ------------- -----------
11
---------------------------------------------------------------- ------------- -----------
12 TOTAL CASH RECEIPTS $0 $0
------------- -----------
CASH DISBURSEMENTS
------------- -----------
13 Payments for Inventory $0 $0
------------- -----------
14 Selling $0 $0
------------- -----------
15 Administrative $0 $0
------------- -----------
16 Capital Expenditures $0 $0
------------- -----------
17 Principal Payments on Debt $0 $0
------------- -----------
18 Interest Paid $0 $0
------------- -----------
Rent/Lease: $0 $0
------------- -----------
19 Personal Property $0 $0
------------- -----------
20 Real Property $0 $0
------------- -----------
Amount Paid to Owner(s)/Officer(s) $0 $0
------------- -----------
21 Salaries $0 $0
------------- -----------
22 Draws $0 $0
------------- -----------
23 Commissions/Royalties $0 $0
------------- -----------
24 Expense Reimbursements $0 $0
------------- -----------
25 Other $0 $0
------------- -----------
26 Salaries/Commissions (less employee withholding) $0 $0
------------- -----------
27 Management Fees $0 $0
------------- -----------
Taxes: $0 $0
------------- -----------
28 Employee Withholding $0 $0
------------- -----------
29 Employer Payroll Taxes $0 $0
------------- -----------
30 Real Property Taxes $0 $0
------------- -----------
31 Other Taxes $0 $0
------------- -----------
32 Other Cash Outflows: $0 $0
-------------------------------------------------------- ------------- -----------
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 $0 $0
------------- -----------
41 CASH BALANCE, END OF PERIOD $0 $0
============= ===========
Revised 1/1/98
Page 8 of 9
STATEMENT OF CASH FLOWS
(OPTIONAL) INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS
FOR THE MONTH ENDED 09/30/01
CASH FLOWS FROM OPERATING ACTIVITIES ACTUAL CUMULATIVE
CURRENT MONTH (CASE TO DATE)
1 Cash Received from Sales $0 $0
------- -------
2 Rent/Leases Collected $0 $0
------- -------
3 Interest Received $0 $0
------- -------
4 Cash Paid to Suppliers $0 $0
------- -------
5 Cash Paid for Selling Expenses $0 $0
------- -------
6 Cash Paid for Administrative Expenses $0 $0
------- -------
Cash Paid for Rents/Leases:
7 Personal Property $0 $0
------- -------
8 Real Property $0 $0
------- -------
9 Cash Paid for Interest $0 $0
------- -------
10 Cash Paid for Net Payroll and Benefits $0 $0
------- -------
Cash Paid to Owner(s)/Officer(s)
11 Salaries $0 $0
------- -------
12 Draws $0 $0
------- -------
13 Commissions/Royalties $0 $0
------- -------
14 Expense Reimbursements $0 $0
------- -------
15 Other $0 $0
------- -------
Cash Paid for Taxes Paid/Deposited to Tax Acct.
16 Employer Payroll Tax $0 $0
------- -------
17 Employee Withholdings $0 $0
------- -------
18 Real Property Taxes $0 $0
------- -------
19 Other Taxes $0 $0
------- -------
20 Cash Paid for General Expenses $0 $0
------- -------
21
---------------------------------------------------------------------------------- ------- -------
22
---------------------------------------------------------------------------------- ------- -------
23
---------------------------------------------------------------------------------- ------- -------
24
---------------------------------------------------------------------------------- ------- -------
25
---------------------------------------------------------------------------------- ------- -------
26
---------------------------------------------------------------------------------- ------- -------
27 NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES BEFORE REORGANIZATION ITEMS $0 $0
------- -------
CASH FLOWS FROM REORGANIZATION ITEMS
28 Interest Received on Cash Accumulated Due to Chp 11 Case $0 $0
------- -------
29 Professional Fees Paid for Services in Connection with Chp 11 Case $0 $0
------- -------
30 U.S. Trustee Quarterly Fees $0 $0
------- -------
31
---------------------------------------------------------------------------------- ------- -------
32 NET CASH PROVIDED (USED) BY REORGANIZATION ITEMS $0 $0
------- -------
33 NET CASH PROVIDED (USED) FOR OPERATING ACTIVITIES AND REORGANIZATION ITEMS $0 $0
------- -------
CASH FLOWS FROM INVESTING ACTIVITIES
34 Capital Expenditures $0 $0
------- -------
35 Proceeds from Sales of Capital Goods due to Chp 11 Case $0 $0
------- -------
36
---------------------------------------------------------------------------------- ------- -------
37 NET CASH PROVIDED (USED) BY INVESTING ACTIVITIES $0 $0
------- -------
CASH FLOWS FROM FINANCING ACTIVITIES
38 Net Borrowings (Except Insiders) $0 $0
------- -------
39 Net Borrowings from Shareholders, Partners, or Other Insiders $0 $0
------- -------
40 Capital Contributions $0 $0
------- -------
41 Principal Payments $0 $0
------- -------
42
---------------------------------------------------------------------------------- ------- -------
43 NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES $0 $0
------- -------
44 NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS $0 $0
------- -------
45 CASH AND CASH EQUIVALENTS AT BEGINNING OF MONTH $0 $0
------- -------
46 CASH AND CASH EQUIVALENTS AT END OF MONTH $0 $0
======= =======
Revised 1/1/98
Page 9 of 9
UNITED STATES BANKRUPTCY COURT
NORTHERN DISTRICT OF CALIFORNIA
In re: Metricom New York, L.L.C. CASE NO. 01-53301
--------
CHAPTER 11
MONTHLY OPERATING REPORT
(GENERAL BUSINESS CASE)
---------------------------------------------
SUMMARY OF FINANCIAL STATUS
MONTH ENDED: Sep-01 PETITION DATE: 07/02/01
------ --------
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
2. ASSET AND LIABILITY STRUCTURE MONTH MONTH FILING
----- ----- ------
a. Current Assets $0 $0
------ ------
b. Total Assets $0 $0 $0
------ ------ ------
c. Current Liabilities $0 $0
------ ------
d. Total Liabilities $0 $0 $0
------ ------ ------
CUMULATIVE
3. STATEMENT OF CASH RECEIPTS & DISBURSEMENTS FOR MONTH CURRENT MONTH PRIOR MONTH (CASE TO DATE)
------------- ----------- --------------
a. Total Receipts $0 $0 $0
------ ------ ------
b. Total Disbursements $0 $0 $0
------ ------ ------
c. Excess (Deficiency) of Receipts Over Disbursements (a - b) $0 $0 $0
------ ------ ------
d. Cash Balance Beginning of Month $0 $0 $0
------ ------ ------
e. Cash Balance End of Month (c + d) $0 $0 $0
------ ------ ------
CUMULATIVE
CURRENT MONTH PRIOR MONTH (CASE TO DATE)
------------- ----------- --------------
4. PROFIT/(LOSS) FROM THE STATEMENT OF OPERATIONS $0 $0 $0
------ ------ ------
5. ACCOUNT RECEIVABLES (PRE AND POST PETITION) $0 $0
------ ------
6. POST-PETITION LIABILITIES $0 $0
------ ------
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 x
----------- -----------
course to secured creditors or lessors? (if yes, attach listing including date of
payment, amount of payment and name of payee)
9. Have any payments been made to professionals? (if yes, attach listing including date of x
----------- -----------
payment, amount of payment and name of payee)
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, x
----------- -----------
attach listing including date of payment, amount and reason for payment, and name of payee)
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 / /; U.S. Trustee Quarterly Fees / /;
Check if filing is current for: Post-petition tax reporting and tax
returns: / /.
(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: 10/18/01 /s/ David J. Pangburn
------------------ ------------------------------------------
Responsible Individual
Revised 1/1/98
STATEMENT OF OPERATIONS
(GENERAL BUSINESS CASE)
For the Month Ended 09/30/01
--------
CURRENT MONTH
---------------------------------- CUMULATIVE NEXT MONTH
ACTUAL FORECAST VARIANCE (CASE TO DATE) FORECAST
------ -------- -------- -------------- --------
REVENUES:
$0 $0 $0 1 Gross Sales $0 $0
---------- ---------- ---------- ---------- ----------
$0 $0 $0 2 less: Sales Returns & Allowances $0 $0
---------- ---------- ---------- ---------- ----------
$0 $0 $0 3 Net Sales $0 $0
---------- ---------- ---------- ---------- ----------
$0 $0 $0 4 less: Cost of Goods Sold (Schedule 'B') $0 $0
---------- ---------- ---------- ---------- ----------
$0 $0 $0 5 Gross Profit $0 $0
---------- ---------- ---------- ---------- ----------
$0 $0 $0 6 Interest $0 $0
---------- ---------- ---------- ---------- ----------
$0 $0 $0 7 Other Income: $0 $0
---------- ---------- ---------- --------------------------------- ---------- ----------
8
---------- ---------- ---------- ---------------------------------------------- ---------- ----------
9
---------- ---------- ---------- ---------------------------------------------- ---------- ----------
$0 $0 $0 10 TOTAL REVENUES $0 $0
---------- ---------- ---------- ---------- ----------
EXPENSES:
$0 $0 $0 11 Compensation to Owner(s)/Officer(s) $0 $0
---------- ---------- ---------- ---------- ----------
$0 $0 $0 12 Salaries $0 $0
---------- ---------- ---------- ---------- ----------
$0 $0 $0 13 Commissions $0 $0
---------- ---------- ---------- ---------- ----------
$0 $0 $0 14 Contract Labor $0 $0
---------- ---------- ---------- ---------- ----------
Rent/Lease:
$0 $0 $0 15 Personal Property $0 $0
---------- ---------- ---------- ---------- ----------
$0 $0 $0 16 Real Property $0 $0
---------- ---------- ---------- ---------- ----------
$0 $0 $0 17 Insurance $0 $0
---------- ---------- ---------- ---------- ----------
$0 $0 $0 18 Management Fees $0 $0
---------- ---------- ---------- ---------- ----------
$0 $0 $0 19 Depreciation $0 $0
---------- ---------- ---------- ---------- ----------
Taxes:
$0 $0 $0 20 Employer Payroll Taxes $0 $0
---------- ---------- ---------- ---------- ----------
$0 $0 $0 21 Real Property Taxes $0 $0
---------- ---------- ---------- ---------- ----------
$0 $0 $0 22 Other Taxes $0 $0
---------- ---------- ---------- ---------- ----------
$0 $0 $0 23 Other Selling $0 $0
---------- ---------- ---------- ---------- ----------
$0 $0 $0 24 Other Administrative $0 $0
---------- ---------- ---------- ---------- ----------
$0 $0 $0 25 Interest $0 $0
---------- ---------- ---------- ---------- ----------
$0 $0 $0 26 Other Expenses: $0 $0
---------- ---------- ---------- ------------------------------- ---------- ----------
$0 $0 $0 27 $0 $0
---------- ---------- ---------- ---------------------------------------------- ---------- ----------
$0 $0 $0 28 $0 $0
---------- ---------- ---------- ---------------------------------------------- ---------- ----------
$0 $0 $0 29 $0 $0
---------- ---------- ---------- ---------------------------------------------- ---------- ----------
$0 $0 $0 30 $0 $0
---------- ---------- ---------- ---------------------------------------------- ---------- ----------
$0 $0 $0 31 $0 $0
---------- ---------- ---------- ---------------------------------------------- ---------- ----------
$0 $0 $0 32 $0 $0
---------- ---------- ---------- ---------------------------------------------- ---------- ----------
$0 $0 $0 33 $0 $0
---------- ---------- ---------- ---------------------------------------------- ---------- ----------
$0 $0 $0 34 $0 $0
---------- ---------- ---------- ---------------------------------------------- ---------- ----------
$0 $0 $0 35 TOTAL EXPENSES $0 $0
---------- ---------- ---------- ---------- ----------
$0 $0 $0 36 SUBTOTAL $0 $0
---------- ---------- ---------- ---------- ----------
REORGANIZATION ITEMS:
$0 $0 $0 37 Professional Fees $0 $0
---------- ---------- ---------- ---------- ----------
$0 $0 $0 38 Provisions for Rejected Executory Contracts $0 $0
---------- ---------- ---------- ---------- ----------
$0 $0 $0 39 Interest Earned on Accumulated Cash from $0 $0
---------- ---------- ---------- Resulting Chp 11 Case ---------- ----------
$0 $0 $0 40 Gain or (Loss) from Sale of Equipment $0 $0
---------- ---------- ---------- ---------- ----------
$0 $0 $0 41 U.S. Trustee Quarterly Fees $0 $0
---------- ---------- ---------- ---------- ----------
$0 $0 $0 42 $0 $0
---------- ---------- ---------- ---------------------------------------------- ---------- ----------
$0 $0 $0 43 TOTAL REORGANIZATION ITEMS $0 $0
---------- ---------- ---------- ---------- ----------
$0 $0 $0 44 NET PROFIT (LOSS) BEFORE FEDERAL & STATE TAXES $0 $0
---------- ---------- ---------- ---------- ----------
$0 $0 $0 45 Federal & State Income Taxes $0 $0
---------- ---------- ---------- ---------- ----------
$0 $0 $0 46 NET PROFIT (LOSS) $0 $0
========== ========== ========== ========== ==========
Attach an Explanation of Variance to Statement of Operations (For variances
greater than +/- 10% only):
Revised 1/1/98
BALANCE SHEET
(GENERAL BUSINESS CASE)
FOR THE MONTH ENDED 09/30/01
--------
ASSETS
FROM SCHEDULES MARKET VALUE
-------------- ------------
CURRENT ASSETS
1 Cash and cash equivalents - unrestricted $0
------------
2 Cash and cash equivalents - restricted $0
------------
3 Accounts receivable (net) A $0
------------
4 Inventory B $0
------------
5 Prepaid expenses $0
------------
6 Professional retainers $0
------------
7 Other: $0
----------------------------------- ------------
8
---------------------------------------------- ------------
9 TOTAL CURRENT ASSETS $0
------------
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 $0
----------------------------------- ------------
17 D $0
---------------------------------------------- ------------
18 D $0
---------------------------------------------- ------------
19 D $0
---------------------------------------------- ------------
20 D $0
---------------------------------------------- ------------
21 TOTAL PROPERTY AND EQUIPMENT $0
------------
OTHER ASSETS
22 Loans to shareholders $0
------------
23 Loans to affiliates $0
------------
24
---------------------------------------------- ------------
25
---------------------------------------------- ------------
26
---------------------------------------------- ------------
27
---------------------------------------------- ------------
28 TOTAL OTHER ASSETS $0
------------
29 TOTAL ASSETS $0
============
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.
Revised 1/1/98
LIABILITIES AND EQUITY
(GENERAL BUSINESS CASE)
LIABILITIES FROM SCHEDULES
POST-PETITION
CURRENT LIABILITIES
30 Salaries and wages $0
------------
31 Payroll taxes $0
------------
32 Real and personal property taxes $0
------------
33 Income taxes $0
------------
34 Sales taxes $0
------------
35 Notes payable (short term) $0
------------
36 Accounts payable (trade) A $0
------------
37 Real property lease arrearage $0
------------
38 Personal property lease arrearage $0
------------
39 Accrued professional fees $0
------------
40 Current portion of long-term post-petition debt (due within 12 months) $0
------------
41 Other: $0
------------------------------------------------------- ------------
42
---------------------------------------------------------------------- ------------
43
---------------------------------------------------------------------- ------------
44 TOTAL CURRENT LIABILITIES $0
------------
45 LONG-TERM POST-PETITION DEBT, NET OF CURRENT PORTION $0
------------
46 TOTAL POST-PETITION LIABILITIES $0
------------
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 $0
------------
51 TOTAL LIABILITIES $0
------------
EQUITY (DEFICIT)
52 Retained Earnings/(Deficit) at time of filing $0
------------
53 Capital Stock $0
------------
54 Additional paid-in capital $0
------------
55 Cumulative profit/(loss) since filing of case $0
------------
56 Post-petition contributions/(distributions) or (draws) $0
------------
57
---------------------------------------------------------------------- ------------
58 Market value adjustment $0
------------
59 TOTAL EQUITY (DEFICIT) $0
------------
60 TOTAL LIABILITIES AND EQUITY (DEFICIT) $0
============
Revised 1/1/98
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 $0
---------- ----------
31-60 Days $0 $0
---------- ----------
61-90 Days $0 $0 $0
---------- ---------- ----------
91+ Days $0 $0
---------- ----------
Total accounts receivable/payable $0 $0
---------- ==========
Allowance for doubtful accounts $0
----------
Accounts receivable (net) $0
==========
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 $0
Retail/Restaurants - ----------
Add -
Product for resale $0 Net purchase $0
---------- ----------
Direct labor $0
----------
Distribution - Manufacturing overhead $0
----------
Products for resale $0 Freight in $0
---------- ----------
Other: $0
----------
Manufacturer -
--------------------------------------- ----------
Raw Materials $0
---------- --------------------------------------- ----------
Work-in-progress $0
----------
Finished goods $0 Less -
----------
Inventory End of Month $0
----------
Other - Explain $0 Shrinkage $0
---------- ----------
Personal Use $0
------------------------------------- ----------
-------------------------------------
TOTAL $0 Cost of Goods Sold $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 Not Applicable
---------------------- ---------------------------------------------------------------
---------------------------------------------------------------
Date of next physical inventory is Not Applicable
---------------------- ---------------------------------------------------------------
Revised 1/1/98
SCHEDULE C
REAL PROPERTY
Description COST MARKET VALUE
---- ------------
None $0 $0
-------------------------------------------------- ---------- ----------
-------------------------------------------------- ---------- ----------
-------------------------------------------------- ---------- ----------
-------------------------------------------------- ---------- ----------
-------------------------------------------------- ---------- ----------
-------------------------------------------------- ---------- ----------
Total $0 $0
========== ==========
SCHEDULE D
OTHER DEPRECIABLE ASSETS
Description COST MARKET VALUE
---- ------------
Machinery & Equipment -
None $0 $0
-------------------------------------------------- ---------- ----------
-------------------------------------------------- ---------- ----------
-------------------------------------------------- ---------- ----------
-------------------------------------------------- ---------- ----------
Total $0 $0
========== ==========
Furniture & Fixtures -
None $0 $0
-------------------------------------------------- ---------- ----------
-------------------------------------------------- ---------- ----------
-------------------------------------------------- ---------- ----------
-------------------------------------------------- ---------- ----------
Total $0 $0
========== ==========
Office Equipment -
None $0 $0
-------------------------------------------------- ---------- ----------
-------------------------------------------------- ---------- ----------
-------------------------------------------------- ---------- ----------
Total $0 $0
========== ==========
Leasehold Improvements -
None $0 $0
-------------------------------------------------- ---------- ----------
-------------------------------------------------- ---------- ----------
-------------------------------------------------- ---------- ----------
-------------------------------------------------- ---------- ----------
Total $0 $0
========== ==========
Vehicles -
None $0 $0
-------------------------------------------------- ---------- ----------
-------------------------------------------------- ---------- ----------
-------------------------------------------------- ---------- ----------
-------------------------------------------------- ---------- ----------
Total $0 $0
========== ==========
Revised 1/1/98
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 $0 $0 $0 $0
---------- ---------- ---------- ---------- ----------
FICA - Employee $0 $0 $0 $0 $0
---------- ---------- ---------- ---------- ----------
FICA - Employer $0 $0 $0 $0 $0
---------- ---------- ---------- ---------- ----------
Unemployment (FUTA) $0 $0 $0 $0 $0
---------- ---------- ---------- ---------- ----------
Income $0 $0 $0 $0 $0
---------- ---------- ---------- ---------- ----------
Other (Attach List) $0 $0 $0 $0 $0
---------- ---------- ---------- ---------- ----------
TOTAL FEDERAL TAXES $0 $0 $0 $0 $0
---------- ---------- ---------- ---------- ----------
STATE AND LOCAL
Income Tax Withholding $0 $0 $0 $0 $0
---------- ---------- ---------- ---------- ----------
Unemployment (UT) $0 $0 $0 $0 $0
---------- ---------- ---------- ---------- ----------
Disability Insurance (DI) $0 $0 $0 $0 $0
---------- ---------- ---------- ---------- ----------
Empl. Training Tax (ETT) $0 $0 $0 $0 $0
---------- ---------- ---------- ---------- ----------
Sales $0 $0 $0 $0 $0
---------- ---------- ---------- ---------- ----------
Excise $0 $0 $0 $0 $0
---------- ---------- ---------- ---------- ----------
Real property $0 $0 $0 $0 $0
---------- ---------- ---------- ---------- ----------
Personal property $0 $0 $0 $0 $0
---------- ---------- ---------- ---------- ----------
Income $0 $0 $0 $0 $0
---------- ---------- ---------- ---------- ----------
Other (Attach List) $0 $0 $0 $0 $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) $0 $0
---------- ----------
Priority claims other than taxes $0 $0
---------- ----------
Priority tax claims $0 $0
---------- ----------
General unsecured claims $0 $0
---------- ----------
(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 None
---------- ---------- ---------- ----------
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.
Revised 1/1/98
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS
FOR THE MONTH ENDED 09/30/01
--------
Actual Cumulative
Current Month (Case to Date)
------------- --------------
CASH RECEIPTS
1 Rent/Leases Collected $0 $0
---------- ----------
2 Cash Received from Sales $0 $0
---------- ----------
3 Interest Received $0 $0
---------- ----------
4 Borrowings $0 $0
---------- ----------
5 Funds from Shareholders, Partners, or Other Insiders $0 $0
---------- ----------
6 Capital Contributions $0 $0
---------- ----------
7
---------------------------------------------------- ---------- ----------
8
---------------------------------------------------- ---------- ----------
9
---------------------------------------------------- ---------- ----------
10
---------------------------------------------------- ---------- ----------
11
---------------------------------------------------- ---------- ----------
12 TOTAL CASH RECEIPTS $0 $0
---------- ----------
CASH DISBURSEMENTS
13 Payments for Inventory $0 $0
---------- ----------
14 Selling $0 $0
---------- ----------
15 Administrative $0 $0
---------- ----------
16 Capital Expenditures $0 $0
---------- ----------
17 Principal Payments on Debt $0 $0
---------- ----------
18 Interest Paid $0 $0
---------- ----------
Rent/Lease:
19 Personal Property $0 $0
---------- ----------
20 Real Property $0 $0
---------- ----------
Amount Paid to Owner(s)/Officer(s)
21 Salaries $0 $0
---------- ----------
22 Draws $0 $0
---------- ----------
23 Commissions/Royalties $0 $0
---------- ----------
24 Expense Reimbursements $0 $0
---------- ----------
25 Other $0 $0
---------- ----------
26 Salaries/Commissions (less employee withholding) $0 $0
---------- ----------
27 Management Fees $0 $0
---------- ----------
Taxes:
28 Employee Withholding $0 $0
---------- ----------
29 Employer Payroll Taxes $0 $0
---------- ----------
30 Real Property Taxes $0 $0
---------- ----------
31 Other Taxes $0 $0
---------- ----------
32 Other Cash Outflows: $0 $0
---------- ----------
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 $0 $0
---------- ----------
41 CASH BALANCE, END OF PERIOD $0 $0
========== ==========
Revised 1/1/98
STATEMENT OF CASH FLOWS
(Optional) Increase/(Decrease) in Cash and Cash Equivalents
For the Month Ended 09/30/01
--------
ACTUAL CUMULATIVE
CASH FLOWS FROM OPERATING ACTIVITIES CURRENT MONTH (CASE TO DATE)
------------- --------------
1 Cash Received from Sales $0 $0
---------- ----------
2 Rent/Leases Collected $0 $0
---------- ----------
3 Interest Received $0 $0
---------- ----------
4 Cash Paid to Suppliers $0 $0
---------- ----------
5 Cash Paid for Selling Expenses $0 $0
---------- ----------
6 Cash Paid for Administrative Expenses $0 $0
---------- ----------
Cash Paid for Rents/Leases:
7 Personal Property $0 $0
---------- ----------
8 Real Property $0 $0
---------- ----------
9 Cash Paid for Interest $0 $0
---------- ----------
10 Cash Paid for Net Payroll and Benefits $0 $0
---------- ----------
Cash Paid to Owner(s)/Officer(s)
11 Salaries $0 $0
---------- ----------
12 Draws $0 $0
---------- ----------
13 Commissions/Royalties $0 $0
---------- ----------
14 Expense Reimbursements $0 $0
---------- ----------
15 Other $0 $0
---------- ----------
Cash Paid for Taxes Paid/Deposited to Tax Acct.
16 Employer Payroll Tax $0 $0
---------- ----------
17 Employee Withholdings $0 $0
---------- ----------
18 Real Property Taxes $0 $0
---------- ----------
19 Other Taxes $0 $0
---------- ----------
20 Cash Paid for General Expenses $0 $0
---------- ----------
21
---------------------------------------------------------------------------------- ---------- ----------
22
---------------------------------------------------------------------------------- ---------- ----------
23
---------------------------------------------------------------------------------- ---------- ----------
24
---------------------------------------------------------------------------------- ---------- ----------
25
---------------------------------------------------------------------------------- ---------- ----------
26
---------------------------------------------------------------------------------- ---------- ----------
27 NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES BEFORE REORGANIZATION ITEMS $0 $0
---------- ----------
CASH FLOWS FROM REORGANIZATION ITEMS
28 Interest Received on Cash Accumulated Due to Chp 11 Case $0 $0
---------- ----------
29 Professional Fees Paid for Services in Connection with Chp 11 Case $0 $0
---------- ----------
30 U.S. Trustee Quarterly Fees $0 $0
---------- ----------
31
---------------------------------------------------------------------------------- ---------- ----------
32 NET CASH PROVIDED (USED) BY REORGANIZATION ITEMS $0 $0
---------- ----------
33 NET CASH PROVIDED (USED) FOR OPERATING ACTIVITIES AND REORGANIZATION ITEMS $0 $0
---------- ----------
CASH FLOWS FROM INVESTING ACTIVITIES
34 Capital Expenditures $0 $0
---------- ----------
35 Proceeds from Sales of Capital Goods due to Chp 11 Case $0 $0
---------- ----------
36
---------------------------------------------------------------------------------- ---------- ----------
37 NET CASH PROVIDED (USED) BY INVESTING ACTIVITIES $0 $0
---------- ----------
CASH FLOWS FROM FINANCING ACTIVITIES
38 Net Borrowings (Except Insiders) $0 $0
---------- ----------
39 Net Borrowings from Shareholders, Partners, or Other Insiders $0 $0
---------- ----------
40 Capital Contributions $0 $0
---------- ----------
41 Principal Payments $0 $0
---------- ----------
42
---------------------------------------------------------------------------------- ---------- ----------
43 NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES $0 $0
---------- ----------
44 NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS $0 $0
---------- ----------
45 CASH AND CASH EQUIVALENTS AT BEGINNING OF MONTH $0 $0
---------- ----------
46 CASH AND CASH EQUIVALENTS AT END OF MONTH $0 $0
========== ==========
Revised 1/1/98
UNITED STATES BANKRUPTCY COURT
NORTHERN DISTRICT OF CALIFORNIA
In re: Metricom Investments DC, Inc. CASE NO. 01-53302
CHAPTER 11
MONTHLY OPERATING REPORT
(GENERAL BUSINESS CASE)
SUMMARY OF FINANCIAL STATUS
MONTH ENDED: Sep-01 PETITION DATE: 07/02/01
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
---
AS OF
END OF CURRENT END OF PRIOR PETITION
2. ASSET AND LIABILITY STRUCTURE MONTH MONTH FILING
----- ----- ------
a. Current Assets $0 $0
-------------- ------------
b. Total Assets $0 $0 $0
-------------- ------------ --------
c. Current Liabilities $0 $0
-------------- ------------
d. Total Liabilities $0 $0 $0
-------------- ------------ --------
CUMULATIVE
(CASE TO
3. STATEMENT OF CASH RECEIPTS & DISBURSEMENTS FOR MONTH CURRENT MONTH PRIOR MONTH DATE)
------------- ----------- -----
a. Total Receipts $0 $0 $0
-------------- ------------ --------
b. Total Disbursements $0 $0 $0
-------------- ------------ --------
c. Excess (Deficiency) of Receipts Over Disbursements (a - b) $0 $0 $0
-------------- ------------ --------
d. Cash Balance Beginning of Month $0 $0 $0
-------------- ------------ --------
e. Cash Balance End of Month (c + d) $0 $0 $0
-------------- ------------ --------
CUMULATIVE
(CASE TO
CURRENT MONTH PRIOR MONTH DATE)
------------- ----------- -----
4. PROFIT/(LOSS) FROM THE STATEMENT OF OPERATIONS $0 $0 $0
-------------- ------------ --------
5. ACCOUNT RECEIVABLES (PRE AND POST PETITION) $0 $0
-------------- ------------
6. POST-PETITION LIABILITIES $0 $0
-------------- ------------
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 x
-------- --------
course to secured creditors or lessors? (if yes, attach listing including date of
payment, amount of payment and name of payee)
9. Have any payments been made to professionals? (if yes, attach listing including date x
-------- --------
of payment, amount of payment and name of payee)
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, x
-------- --------
attach listing including date of payment, amount and reason for payment, and name of
payee)
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 ; U.S. Trustee Quarterly Fees ; Check if filing is current for: Post-petition
--- ---
tax reporting and tax returns: .
---
(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: 10/18/01 /s/ David J. Pangburn
------------------ ------------------------------------------
Responsible Individual
STATEMENT OF OPERATIONS
(GENERAL BUSINESS CASE)
For the Month Ended 09/30/01
CURRENT MONTH
---------------------------------
CUMULATIVE NEXT MONTH
ACTUAL FORECAST VARIANCE (CASE TO DATE) FORECAST
------ -------- -------- -------------- --------
REVENUES:
$0 $0 $0 1 Gross Sales $0 $0
------ -------- -------- -------------- ----------
$0 $0 $0 2 less: Sales Returns & Allowances $0 $0
------ -------- -------- -------------- ----------
$0 $0 $0 3 Net Sales $0 $0
------ -------- -------- -------------- ----------
$0 $0 $0 4 less: Cost of Goods Sold (Schedule 'B') $0 $0
------ -------- -------- -------------- ----------
$0 $0 $0 5 Gross Profit $0 $0
------ -------- -------- -------------- ----------
$0 $0 $0 6 Interest $0 $0
------ -------- -------- -------------- ----------
$0 $0 $0 7 Other Income: $0 $0
------ -------- -------- ----------------------------- -------------- ----------
8
------ -------- -------- ------------------------------------------ -------------- ----------
9
------ -------- -------- ------------------------------------------ -------------- ----------
$0 $0 $0 10 TOTAL REVENUES $0 $0
------ -------- -------- -------------- ----------
EXPENSES:
$0 $0 $0 11 Compensation to Owner(s)/Officer(s) $0 $0
------ -------- -------- -------------- ----------
$0 $0 $0 12 Salaries $0 $0
------ -------- -------- -------------- ----------
$0 $0 $0 13 Commissions $0 $0
------ -------- -------- -------------- ----------
$0 $0 $0 14 Contract Labor $0 $0
------ -------- -------- -------------- ----------
Rent/Lease:
$0 $0 $0 15 Personal Property $0 $0
------ -------- -------- -------------- ----------
$0 $0 $0 16 Real Property $0 $0
------ -------- -------- -------------- ----------
$0 $0 $0 17 Insurance $0 $0
------ -------- -------- -------------- ----------
$0 $0 $0 18 Management Fees $0 $0
------ -------- -------- -------------- ----------
$0 $0 $0 19 Depreciation $0 $0
------ -------- -------- -------------- ----------
Taxes:
$0 $0 $0 20 Employer Payroll Taxes $0 $0
------ -------- -------- -------------- ----------
$0 $0 $0 21 Real Property Taxes $0 $0
------ -------- -------- -------------- ----------
$0 $0 $0 22 Other Taxes $0 $0
------ -------- -------- -------------- ----------
$0 $0 $0 23 Other Selling $0 $0
------ -------- -------- -------------- ----------
$0 $0 $0 24 Other Administrative $0 $0
------ -------- -------- -------------- ----------
$0 $0 $0 25 Interest $0 $0
------ -------- -------- -------------- ----------
$0 $0 $0 26 Other Expenses: $0 $0
------ -------- -------- --------------------------- -------------- ----------
$0 $0 $0 27 $0 $0
------ -------- -------- ------------------------------------------ -------------- ----------
$0 $0 $0 28 $0 $0
------ -------- -------- ------------------------------------------ -------------- ----------
$0 $0 $0 29 $0 $0
------ -------- -------- ------------------------------------------ -------------- ----------
$0 $0 $0 30 $0 $0
------ -------- -------- ------------------------------------------ -------------- ----------
$0 $0 $0 31 $0 $0
------ -------- -------- ------------------------------------------ -------------- ----------
$0 $0 $0 32 $0 $0
------ -------- -------- ------------------------------------------ -------------- ----------
$0 $0 $0 33 $0 $0
------ -------- -------- ------------------------------------------ -------------- ----------
$0 $0 $0 34 $0 $0
------ -------- -------- ------------------------------------------ -------------- ----------
$0 $0 $0 35 TOTAL EXPENSES $0 $0
------ -------- -------- -------------- ----------
$0 $0 $0 36 SUBTOTAL $0 $0
------ -------- -------- -------------- ----------
REORGANIZATION ITEMS:
$0 $0 $0 37 Professional Fees $0 $0
------ -------- -------- -------------- ----------
$0 $0 $0 38 Provisions for Rejected Executory Contracts $0 $0
------ -------- -------- -------------- ----------
$0 $0 $0 39 Interest Earned on Accumulated Cash from $0 $0
------ -------- -------- -------------- ----------
Resulting Chp 11 Case
$0 $0 $0 40 Gain or (Loss) from Sale of Equipment $0 $0
------ -------- -------- -------------- ----------
$0 $0 $0 41 U.S. Trustee Quarterly Fees $0 $0
------ -------- -------- -------------- ----------
$0 $0 $0 42 $0 $0
------ -------- -------- ------------------------------------------ -------------- ----------
$0 $0 $0 43 TOTAL REORGANIZATION ITEMS $0 $0
------ -------- -------- -------------- ----------
$0 $0 $0 44 NET PROFIT (LOSS) BEFORE FEDERAL & STATE TAXES $0 $0
------ -------- -------- -------------- ----------
$0 $0 $0 45 Federal & State Income Taxes $0 $0
------ -------- -------- -------------- ----------
$0 $0 $0 46 NET PROFIT (LOSS) $0 $0
====== ======== ======== ============== ==========
Attach an Explanation of Variance to Statement of Operations (For variances
greater than +/- 10% only):
BALANCE SHEET
(GENERAL BUSINESS CASE)
FOR THE MONTH ENDED 09/30/01
ASSETS
FROM SCHEDULES MARKET VALUE
-------------- ------------
CURRENT ASSETS
1 Cash and cash equivalents - unrestricted $0
--------------
2 Cash and cash equivalents - restricted $0
--------------
3 Accounts receivable (net) A $0
--------------
4 Inventory B $0
--------------
5 Prepaid expenses $0
--------------
6 Professional retainers $0
--------------
7 Other: $0
---------------------------------------------------- --------------
8
---------------------------------------------------------- --------------
9 TOTAL CURRENT ASSETS $0
--------------
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 $0
---------------------------------------------------- --------------
17 D $0
---------------------------------------------------------- --------------
18 D $0
---------------------------------------------------------- --------------
19 D $0
---------------------------------------------------------- --------------
20 D $0
---------------------------------------------------------- --------------
21 TOTAL PROPERTY AND EQUIPMENT $0
--------------
OTHER ASSETS
22 Loans to shareholders $0
--------------
23 Loans to affiliates $0
--------------
24
---------------------------------------------------------- --------------
25
---------------------------------------------------------- --------------
26
---------------------------------------------------------- --------------
27
---------------------------------------------------------- --------------
28 TOTAL OTHER ASSETS $0
--------------
29 TOTAL ASSETS $0
==============
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 $0
--------------
31 Payroll taxes $0
--------------
32 Real and personal property taxes $0
--------------
33 Income taxes $0
--------------
34 Sales taxes $0
--------------
35 Notes payable (short term) $0
--------------
36 Accounts payable (trade) A $0
--------------
37 Real property lease arrearage $0
--------------
38 Personal property lease arrearage $0
--------------
39 Accrued professional fees $0
--------------
40 Current portion of long-term post-petition debt
(due within 12 months) $0
--------------
41 Other: $0
------------------------------------------ --------------
42
------------------------------------------------ --------------
43
------------------------------------------------ --------------
44 TOTAL CURRENT LIABILITIES $0
--------------
45 LONG-TERM POST-PETITION DEBT, NET OF CURRENT PORTION $0
--------------
46 TOTAL POST-PETITION LIABILITIES $0
--------------
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 $0
--------------
51 TOTAL LIABILITIES $0
--------------
EQUITY (DEFICIT)
52 Retained Earnings/(Deficit) at time of filing $0
--------------
53 Capital Stock $0
--------------
54 Additional paid-in capital $0
--------------
55 Cumulative profit/(loss) since filing of case $0
--------------
56 Post-petition contributions/(distributions) or (draws) $0
--------------
57
------------------------------------------------ --------------
58 Market value adjustment $0
--------------
59 TOTAL EQUITY (DEFICIT) $0
--------------
60 TOTAL LIABILITIES AND EQUITY (DEFICIT) $0
==============
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 $0
----------------------- ---------------
31-60 Days $0 $0
----------------------- ---------------
61-90 Days $0 $0 $0
----------------------- --------------- ------------------
91+ Days $0 $0
----------------------- ---------------
Total accounts receivable/payable $0 $0
----------------------- ===============
Allowance for doubtful accounts $0
-----------------------
Accounts receivable (net) $0
=======================
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 $0
------------ --------
Add -
Retail/Restaurants - Net purchase $0
--------
Product for resale $0 Direct labor $0
------------- --------
Manufacturing overhead $0
--------
Distribution - Freight in $0
--------
Products for resale $0 Other: $0
------------- --------
-------------------------------------
Manufacturer - -------------------------------------
Raw Materials $0
-------------
Work-in-progress $0 Less -
-------------
Finished goods $0 Inventory End of Month $0
------------- --------
Shrinkage $0
--------
Other - Explain $0 Personal Use $0
------------- --------
----------------------------------------- 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 Not Applicable
----------------------- -------------------------------------------------
Date of next physical inventory is Not Applicable -------------------------------------------------
----------------------- -------------------------------------------------
SCHEDULE C
REAL PROPERTY
Description COST MARKET VALUE
---- ------------
None $0 $0
------------------------------------------- ------ ------------
------------------------------------------- ------ ------------
------------------------------------------- ------ ------------
------------------------------------------- ------ ------------
------------------------------------------- ------ ------------
------------------------------------------- ------ ------------
Total $0 $0
====== ============
SCHEDULE D
OTHER DEPRECIABLE ASSETS
Description COST MARKET VALUE
---- ------------
Machinery & Equipment -
None $0 $0
------------------------------------------- ------ ------------
------------------------------------------- ------ ------------
------------------------------------------- ------ ------------
------------------------------------------- ------ ------------
Total $0 $0
====== ============
Furniture & Fixtures -
None $0 $0
------------------------------------------- ------ ------------
------------------------------------------- ------ ------------
------------------------------------------- ------ ------------
------------------------------------------- ------ ------------
Total $0 $0
====== ============
Office Equipment -
None $0 $0
------------------------------------------- ------ ------------
------------------------------------------- ------ ------------
------------------------------------------- ------ ------------
Total $0 $0
====== ============
Leasehold Improvements -
None $0 $0
------------------------------------------- ------ ------------
------------------------------------------- ------ ------------
------------------------------------------- ------ ------------
------------------------------------------- ------ ------------
Total $0 $0
====== ============
Vehicles -
None $0 $0
------------------------------------------- ------ ------------
------------------------------------------- ------ ------------
------------------------------------------- ------ ------------
------------------------------------------- ------ ------------
Total $0 $0
====== ============
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 $0 $0 $0 $0
--------- ---------- ---------- -------- -----
FICA - Employee $0 $0 $0 $0 $0
--------- ---------- ---------- -------- -----
FICA - Employer $0 $0 $0 $0 $0
--------- ---------- ---------- -------- -----
Unemployment (FUTA) $0 $0 $0 $0 $0
--------- ---------- ---------- -------- -----
Income $0 $0 $0 $0 $0
--------- ---------- ---------- -------- -----
Other (Attach List) $0 $0 $0 $0 $0
--------- ---------- ---------- -------- -----
TOTAL FEDERAL TAXES $0 $0 $0 $0 $0
--------- ---------- ---------- -------- -----
STATE AND LOCAL
Income Tax Withholding $0 $0 $0 $0 $0
--------- ---------- ---------- -------- -----
Unemployment (UT) $0 $0 $0 $0 $0
--------- ---------- ---------- -------- -----
Disability Insurance (DI) $0 $0 $0 $0 $0
--------- ---------- ---------- -------- -----
Empl. Training Tax (ETT) $0 $0 $0 $0 $0
--------- ---------- ---------- -------- -----
Sales $0 $0 $0 $0 $0
--------- ---------- ---------- -------- -----
Excise $0 $0 $0 $0 $0
--------- ---------- ---------- -------- -----
Real property $0 $0 $0 $0 $0
--------- ---------- ---------- -------- -----
Personal property $0 $0 $0 $0 $0
--------- ---------- ---------- -------- -----
Income $0 $0 $0 $0 $0
--------- ---------- ---------- -------- -----
Other (Attach List) $0 $0 $0 $0 $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) $0 $0
------- ----------
Priority claims other than taxes $0 $0
------- ----------
Priority tax claims $0 $0
------- ----------
General unsecured claims $0 $0
------- ----------
(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 None
--------- --------- --------- ---------
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 09/30/01
Actual Cumulative
Current Month (Case to Date)
------------- --------------
CASH RECEIPTS
1 Rent/Leases Collected $0 $0
------------- --------------
2 Cash Received from Sales $0 $0
------------- --------------
3 Interest Received $0 $0
------------- --------------
4 Borrowings $0 $0
------------- --------------
5 Funds from Shareholders, Partners, or Other Insiders $0 $0
------------- --------------
6 Capital Contributions $0 $0
------------- --------------
7
---------------------------------------------------------------- ------------- --------------
8
---------------------------------------------------------------- ------------- --------------
9
---------------------------------------------------------------- ------------- --------------
10
---------------------------------------------------------------- ------------- --------------
11
---------------------------------------------------------------- ------------- --------------
12 TOTAL CASH RECEIPTS $0 $0
------------- --------------
CASH DISBURSEMENTS
13 Payments for Inventory $0 $0
------------- --------------
14 Selling $0 $0
------------- --------------
15 Administrative $0 $0
------------- --------------
16 Capital Expenditures $0 $0
17 Principal Payments on Debt $0 $0
------------- --------------
18 Interest Paid $0 $0
------------- --------------
Rent/Lease:
19 Personal Property $0 $0
------------- --------------
20 Real Property $0 $0
------------- --------------
Amount Paid to Owner(s)/Officer(s)
21 Salaries $0 $0
------------- --------------
22 Draws $0 $0
------------- --------------
23 Commissions/Royalties $0 $0
------------- --------------
24 Expense Reimbursements $0 $0
------------- --------------
25 Other $0 $0
------------- --------------
26 Salaries/Commissions (less employee withholding) $0 $0
------------- --------------
27 Management Fees $0 $0
------------- --------------
Taxes:
28 Employee Withholding $0 $0
------------- --------------
29 Employer Payroll Taxes $0 $0
------------- --------------
30 Real Property Taxes $0 $0
------------- --------------
31 Other Taxes $0 $0
------------- --------------
32 Other Cash Outflows: $0 $0
------------- --------------
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 $0 $0
------------- --------------
41 CASH BALANCE, END OF PERIOD $0 $0
============= ==============
STATEMENT OF CASH FLOWS
(OPTIONAL) INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS
FOR THE MONTH ENDED 09/30/01
ACTUAL CUMULATIVE
CASH FLOWS FROM OPERATING ACTIVITIES CURRENT MONTH (CASE TO DATE)
------------- --------------
1 Cash Received from Sales $0 $0
------------- --------------
2 Rent/Leases Collected $0 $0
------------- --------------
3 Interest Received $0 $0
------------- --------------
4 Cash Paid to Suppliers $0 $0
------------- --------------
5 Cash Paid for Selling Expenses $0 $0
------------- --------------
6 Cash Paid for Administrative Expenses $0 $0
------------- --------------
Cash Paid for Rents/Leases:
7 Personal Property $0 $0
------------- --------------
8 Real Property $0 $0
------------- --------------
9 Cash Paid for Interest $0 $0
------------- --------------
10 Cash Paid for Net Payroll and Benefits $0 $0
------------- --------------
Cash Paid to Owner(s)/Officer(s)
11 Salaries $0 $0
------------- --------------
12 Draws $0 $0
------------- --------------
13 Commissions/Royalties $0 $0
------------- --------------
14 Expense Reimbursements $0 $0
------------- --------------
15 Other $0 $0
------------- --------------
Cash Paid for Taxes Paid/Deposited to Tax Acct.
16 Employer Payroll Tax $0 $0
------------- --------------
17 Employee Withholdings $0 $0
------------- --------------
18 Real Property Taxes $0 $0
------------- --------------
19 Other Taxes $0 $0
------------- --------------
20 Cash Paid for General Expenses $0 $0
------------- --------------
21
----------------------------------------------------------------------------------- ------------- --------------
22
----------------------------------------------------------------------------------- ------------- --------------
23
----------------------------------------------------------------------------------- ------------- --------------
24
----------------------------------------------------------------------------------- ------------- --------------
25
----------------------------------------------------------------------------------- ------------- --------------
26
----------------------------------------------------------------------------------- ------------- --------------
27 NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES BEFORE REORGANIZATION ITEMS $0 $0
------------- --------------
CASH FLOWS FROM REORGANIZATION ITEMS
28 Interest Received on Cash Accumulated Due to Chp 11 Case $0 $0
------------- --------------
29 Professional Fees Paid for Services in Connection with Chp 11 Case $0 $0
------------- --------------
30 U.S. Trustee Quarterly Fees $0 $0
------------- --------------
31
----------------------------------------------------------------------------------- ------------- --------------
32 NET CASH PROVIDED (USED) BY REORGANIZATION ITEMS $0 $0
------------- --------------
33 NET CASH PROVIDED (USED) FOR OPERATING ACTIVITIES AND REORGANIZATION ITEMS $0 $0
------------- --------------
CASH FLOWS FROM INVESTING ACTIVITIES
34 Capital Expenditures $0 $0
------------- --------------
35 Proceeds from Sales of Capital Goods due to Chp 11 Case $0 $0
------------- --------------
36
----------------------------------------------------------------------------------- ------------- --------------
37 NET CASH PROVIDED (USED) BY INVESTING ACTIVITIES $0 $0
------------- --------------
CASH FLOWS FROM FINANCING ACTIVITIES
38 Net Borrowings (Except Insiders) $0 $0
------------- --------------
39 Net Borrowings from Shareholders, Partners, or Other Insiders $0 $0
------------- --------------
40 Capital Contributions $0 $0
------------- --------------
41 Principal Payments $0 $0
------------- --------------
42
----------------------------------------------------------------------------------- ------------- --------------
43 NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES $0 $0
------------- --------------
44 NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS $0 $0
------------- --------------
45 CASH AND CASH EQUIVALENTS AT BEGINNING OF MONTH $0 $0
------------- --------------
46 CASH AND CASH EQUIVALENTS AT END OF MONTH $0 $0
============= ==============