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: Jan-02 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 $185,435,431 $187,254,508
------------ ------------
b. Total Assets $359,646,139 $361,479,257 $922,513,084
------------ ------------ ------------
c. Current Liabilities $2,158,654 $1,761,482
------------ ------------
d. Total Liabilities $374,630,442 $373,924,643 $340,671,459
------------ ------------ ------------
3. STATEMENT OF CASH RECEIPTS & CUMULATIVE
DISBURSEMENTS FOR MONTH CURRENT MONTH PRIOR MONTH (CASE TO DATE)
------------- ------------ --------------
a. Total Receipts $1,063,942 $865,618 $15,874,089
------------ ------------ ------------
b. Total Disbursements $2,177,286 $1,637,723 $28,112,510
------------ ------------ ------------
c. Excess (Deficiency) of Receipts
Over Disbursements (a - b) ($1,113,344) ($772,105) ($12,238,421)
------------ ------------ ------------
d. Cash Balance Beginning of Month $176,205,919 $176,978,024 $187,330,996
------------ ------------ ------------
e. Cash Balance End of Month (c + d) $175,092,575 $176,205,919 $175,092,575
------------ ------------ ------------
CUMULATIVE
CURRENT MONTH PRIOR MONTH (CASE TO DATE)
------------- ------------- --------------
4. PROFIT/(LOSS) FROM THE STATEMENT
OF OPERATIONS ($2,531,257) ($15,665,027) ($565,931,025)
------------ ------------- -------------
5. ACCOUNT RECEIVABLES (PRE AND POST
PETITION) $5,258,269 $5,258,269
------------ -------------
6. POST-PETITION LIABILITIES $2,158,654 $1,761,482
------------ -------------
7. PAST DUE POST-PETITION ACCOUNT
PAYABLES (OVER 30 DAYS) $78,175 $44,163
------------ -------------
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? X
--- ---
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 x ; U.S. Trustee Quarterly Fees x ; 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.
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: 02/14/02 /s/ Eugene A. Reilly
------------- ---------------------------------------------
Responsible Individual
Page 1 of 12
SUMMARY OF FINANCIAL STATUS
QUESTION 8
PAYEE DATE OF PAYMENT AMOUNT PAID
--------------- -----------
City of Pasadena $ 2,500.00
Ypsilanti Township $ 2,500.00
City of Utica $ 2,500.00
City Of Fraser $ 2,500.00
City of Eastpointe $ 2,500.00
Warwick Township $ 3,250.00
County of Alameda $ 5,000.00
Township of Horsham $ 5,500.00
City of Peoria $ 10,000.00
City of Seattle $ 17,377.60
Massachusetts Electric Company $ 51,700.00
PSE&G Co. $522,500.00
-----------
$627,827.60
Interest and Attorney Fees $122,172.40
-----------
Total amount charged to our account 1/9/2002 $750,000.00(1)
===========
NOTE:
(1) Payments made from restricted cash - Surety Bonds.
Page 2 of 12
SUMMARY OF FINANCIAL STATUS
QUESTION 9
PAYEE DATE OF PAYMENT AMOUNT PAID
- ----- --------------- -----------
Nightingale & Assoc., LLC 1/3/2002 $130,425.65
Akin, Gump, Strauss, Hauer & Feld, LLP 1/3/2002 $ 290.71
Robert L. Berger & Associates, LLC 1/14/2002 $ 7,824.02
Ernest & Young Capital Advisors LLC 1/22/2002 $282,951.00
Gibson, Dunn & Crutcher LLP 1/23/2002 $ 2,421.40
Gibson, Dunn & Crutcher LLP 1/30/2002 $ 27,595.29
-----------
$451,508.07
===========
Page 3 of 12
STATEMENT OF OPERATIONS
(General Business Case)
For the Month Ended 01/31/02
CURRENT MONTH
- ---------------------------------------
CUMULATIVE NEXT MONTH
ACTUAL FORECAST(1) VARIANCE (CASE TO DATE) FORECAST(2)
------ ----------- -------- -------------- -----------
REVENUES:
n/a n/a 1 Gross Sales $1,944,095 n/a
- ------------ ------- ------- ------------- -------
n/a n/a 2 less: Sales Returns & Allowances n/a
- ------------ ------- ------- ------------- -------
$0 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') $13,523,137 n/a
- ------------ ------- ------- ------------- -------
$0 n/a n/a Gross Profit ($11,579,042) n/a
- ------------ ------- ------- ------------- -------
$309,342 n/a n/a 6 Interest $3,058,591 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
- ------------ ------- ------- ------------------------------------------------- ------------- -------
$309,342 n/a n/a 10 TOTAL REVENUES ($6,741,066) n/a
- ------------ ------- ------- ------------- -------
EXPENSES:
$0 n/a n/a 11 Compensation to Owner(s)/Officer(s) $339,114 n/a
- ------------ ------- ------- ------------- -------
$199,976 n/a n/a 12 Salaries $3,020,352 n/a
- ------------ ------- ------- ------------- -------
$0 n/a n/a 13 Commissions $16,225 n/a
- ------------ ------- ------- ------------- -------
$14,255 n/a n/a 14 Contract Labor $634,157 n/a
- ------------ ------- ------- ------------- -------
Rent/Lease:
$0 n/a n/a 15 Personal Property $63,284 n/a
- ------------ ------- ------- ------------- -------
$11,669 n/a n/a 16 Real Property $4,197,887 n/a
- ------------ ------- ------- ------------- -------
$80,473 n/a n/a 17 Insurance $646,579 n/a
- ------------ ------- ------- ------------- -------
18 Management Fees
- ------------ ------- ------- ------------- -------
$1,340 n/a n/a 19 Depreciation $32,783,618 n/a
- ------------ ------- ------- ------------- -------
Taxes:
20 Employer Payroll Taxes
- ------------ ------- ------- ------------- -------
$0 n/a n/a 21 Real Property Taxes $16,822 n/a
- ------------ ------- ------- ------------- -------
$0 n/a n/a 22 Other Taxes $276,403 n/a
- ------------ ------- ------- ------------- -------
$0 n/a n/a 23 Other Selling $359,386 n/a
- ------------ ------- ------- ------------- -------
$39,459 n/a n/a 24 Other Administrative $2,119,290 n/a
- ------------ ------- ------- ------------- -------
$0 n/a n/a 25 Interest Expense $1,726,246 n/a
- ------------ ------- ------- ------------- -------
$0 n/a n/a 26 Other Expenses: Bonus $1,499,172 n/a
- ------------ ------- ------- ------------- -------
$0 n/a n/a 27 Overtime $29,404 n/a
- ------------ ------- ------- ------------------------------------------------- ------------- -------
$0 n/a n/a 28 Fringe benefit $896,383 n/a
- ------------ ------- ------- ------------------------------------------------- ------------- -------
$0 n/a n/a 29 Severance $912,712 n/a
- ------------ ------- ------- ------------------------------------------------- ------------- -------
$0 n/a n/a 30 Repair & Maintenance $1,146,626 n/a
- ------------ ------- ------- ------------------------------------------------- ------------- -------
($1,522) n/a n/a 31 Travel $132,524 n/a
- ------------ ------- ------- ------------------------------------------------- ------------- -------
$0 n/a n/a 32 Telephone $404,857 n/a
- ------------ ------- ------- ------------------------------------------------- ------------- -------
$0 n/a n/a 33 IS & Facility Allocation ($1,483,937) n/a
- ------------ ------- ------- ------------------------------------------------- ------------- -------
$0 n/a n/a 34 Cleaning Services $91,697 n/a
- ------------ ------- ------- ------------------------------------------------- ------------- -------
$345,650 n/a n/a 35 TOTAL EXPENSES $49,828,801 n/a
- ------------ ------- ------- ------------- -------
($36,308) n/a n/a 36 SUBTOTAL ($56,569,867) n/a
- ------------ ------- ------- ------------- -------
REORGANIZATION ITEMS:
($1,287,376) n/a n/a 37 Professional Fees ($6,523,074) 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 ------------- -------
$0 n/a n/a 40 Gain or (Loss) from Sale of Equipment ($491,925,786) n/a
- ------------ ------- ------- ------------- -------
($10,500) n/a n/a 41 U.S. Trustee Quarterly Fees ($21,500) n/a
- ------------ ------- ------- ------------- -------
$0 n/a n/a 42 Writeoff of Pre-Petition Fringe Benefit Accrual $799,409 n/a
- ------------ ------- ------- ------------- -------
$0 n/a n/a 43 Writeoff of Pre-Petition Accrued Bonus $4,909,952 n/a
- ------------ ------- ------- ------------------------------------------------- ------------- -------
$0 n/a n/a 44 Writeoff of Debt & Warrant Offering Cost ($7,255,999) n/a
- ------------ ------- ------- ------------------------------------------------- ------------- -------
$0 n/a n/a 45 Writeoff of Deferred Cost of Sales ($2,961,114) n/a
- ------------ ------- ------- ------------------------------------------------- ------------- -------
$0 n/a n/a 46 Writeoff of Investment in Subsidiaries ($5,185,973) n/a
- ------------ ------- ------- ------------------------------------------------- ------------- -------
($447,073) n/a n/a 47 Settlement Charges ($447,073) n/a
- ------------ ------- ------- ------------------------------------------------- ------------- -------
($750,000) n/a n/a 48 Expenses for pre-petition liabilities (3) ($750,000) n/a
- ------------ ------- ------- ------------------------------------------------- ------------- -------
($2,494,949) n/a n/a 49 TOTAL REORGANIZATION ITEMS ($509,361,158) n/a
- ------------ ------- ------- ------------- -------
($2,531,257) n/a n/a 50 NET PROFIT (LOSS) BEFORE FEDERAL & STATE TAXES ($565,931,025) n/a
- ------------ ------- ------- ------------- -------
n/a n/a 51 Federal & State Income Taxes $0 n/a
- ------------ ------- ------- ------------- -------
($2,531,257) n/a n/a 52 NET PROFIT (LOSS) ($565,931,025) n/a
============ ======= ======= ============= =======
Attach an Explanation of Variance to Statement of Operations (For variances
greater than +/- 10% only):
NOTES:
(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.
(3) Expense the settlement of unrecorded pre-petition debt. Payment made
from restricted cash - Surety Bonds.
Page 4 of 12
BALANCE SHEET
(GENERAL BUSINESS CASE)
FOR THE MONTH ENDED 01/31/02
----------------------------
ASSETS
FROM SCHEDULES BOOK VALUE
-------------- ------------
CURRENT ASSETS
1 Cash, cash equivalents and short term investment - unrestricted $128,923,457
-------------
2 Cash, cash equivalents and short term investment - restricted $46,169,118
-------------
3 Accounts receivable (net) A $5,258,269
-------------
4 Inventory (2) B $0
-------------
5 Prepaid expenses $3,639,795
-------------
6 Professional retainers $172,624
-------------
7 Other: Deferred Cost of Sales (3) $0
------------------------------------------------------ -------------
8 Deposits $1,270,330
------------------------------------------------------ -------------
9 Other receivable $0
------------------------------------------------------ -------------
10 Others $1,839
--------------------------------------------------------------- -------------
11 TOTAL CURRENT ASSETS $185,435,431
-------------
PROPERTY AND EQUIPMENT (BOOK VALUE) (2)
12 Real property C $0
-------------
13 Machinery and equipment D $18,893
-------------
14 Furniture and fixtures D $0
-------------
15 Network equipment D $0
-------------
16 Leasehold improvements D $0
-------------
17 Vehicles D $0
-------------
18 Other: D
------------------------------------------------------ -------------
19 D
--------------------------------------------------------------- -------------
20 TOTAL PROPERTY AND EQUIPMENT $18,893
-------------
OTHER ASSETS
21 Network Equipment & Inventory (2) $0
-------------
22 Deferred Cost of Sales-Long term (3) $0
-------------
23 Long Term Deposits $642,064
-------------
24 Investment in subsidiaries (3) $0
--------------------------------------------------------------- -------------
25 WCS Spectrum $1,282,693
--------------------------------------------------------------- -------------
26 Debt & Warrant Offering- 2000 (3) $0
--------------------------------------------------------------- -------------
27 Intercompany receivables-Metricom DC, LLC (1) $172,267,058
--------------------------------------------------------------- -------------
28 TOTAL OTHER ASSETS $174,191,815
-------------
29 TOTAL ASSETS $359,646,139
=============
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.
(2) Inventory and PP&E were sold via the Company's public
auction on November 27, 2001 and to Aerie Networks.
The remaining assets are computers only.
(3) Deferred Cost of Sales, Debt & Warrant Offering cost
and Investment in subsidiaries were written off from
the book on 12/31/01.
---------------------------------------------------------
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.
---------------------------------------------------------
Page 5 of 12
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 Bonus $0
-------------
34 Vacation $0
-------------
35 Sales and use tax payable $12,243
-------------
36 Accounts payable (trade) A $1,037,464
-------------
37 Franchise Tax Payable $8,035
-------------
38 Fringe Benefits Applied $380,912
-------------
39 Accrued professional fees $732,000
-------------
40 Current portion of long-term post-petition debt (due within 12 months)
-------------
41 Other: Others ($12,000)
--------------------------------------------------------- -------------
42
---------------------------------------------------------------------- -------------
43
---------------------------------------------------------------------- -------------
44 TOTAL CURRENT LIABILITIES $2,158,654
-------------
45 LONG-TERM POST-PETITION DEBT, NET OF CURRENT PORTION $0
-------------
46 TOTAL POST-PETITION LIABILITIES $2,158,654
-------------
PRE-PETITION LIABILITIES (ALLOWED AMOUNT)
47 Secured claims F $3,470,874
-------------
48 Priority unsecured claims F $3,400,327
-------------
49 General unsecured claims F $365,600,587
-------------
50 TOTAL PRE-PETITION LIABILITIES $372,471,788
-------------
51 TOTAL LIABILITIES $374,630,442
-------------
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 $156,279
-------------
57 Cumulative profit/(loss) since filing of case ($565,931,025)
-------------
Preferred Stock $638,677,904
-------------
58 Equity adjustment for pre-petition liabilities due to Chapter 11 filing(2) $0
-------------
59 TOTAL EQUITY (DEFICIT) ($14,984,303)
-------------
60 TOTAL LIABILITIES AND EQUITY (DEFICIT) $359,646,139
=============
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.
(2) Reclassification of the pre-petition liabilities
from Equity to Schedule F. The amounts were
erroneously scheduled in prior Monthly Operation
Reports as an adjustment to equity.
Page 6 of 12
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 $959,289
------------------- ---------------
31-60 Days $0 $44,435
------------------- ---------------
61-90 Days $0 $33,740 $78,175(1)
------------------- --------------- ----------
91+ Days $7,180,136
------------------- ---------------
Total accounts receivable/payable $7,180,136 $1,037,464
------------------- ===============
Allowance for doubtful accounts $1,921,867
-------------------
Accounts receivable (net) $5,258,269
===================
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
-----------
Product for resale Direct labor
------------------- -----------
Manufacturing overhead
-----------
Distribution - Freight in
-----------
Products for resale Other: $0
------------------- -----------
$0
------------------------------------------------- -----------
Manufacturer - $0
------------------------------------------------- -----------
Raw Materials $0
-------------------
Work-in-progress $0 Less -
-------------------
Finished goods $0 Inventory End of Month $0
------------------- -----------
Shrinkage
-----------
Other - Explain Inventory sold and write off
------------------- -----------
--------------------------------------------
Cost of Goods Sold $0
-------------------------------------------- ===========
TOTAL $0
===================
METHOD OF INVENTORY CONTROL INVENTORY VALUATION METHODS
Do you have a functioning perpetual inventory system? Indicate by a checkmark method of inventory used.
Yes No
------- --------
How often do you take a complete physical inventory? Valuation methods -
FIFO cost
---
Weekly LIFO cost
--------- ---
Monthly Lower of cost or market
--------- ---
Quarterly Retail method
--------- ---
Semi-annually Other
--------- ---
Annually Explain
---------
Date of last physical inventory was
------------------- ----------------------------------------------------------------
Date of next physical inventory is
------------------- ----------------------------------------------------------------
NOTE:
(1) Professional fees that have not been approved by the court.
Page 7 of 12
SCHEDULE C
REAL PROPERTY
Description COST MARKET VALUE
---- ------------
None $0 $0
-------------------------------------------------------------------- ------------------------ ---------------------
-------------------------------------------------------------------- ------------------------ ---------------------
Total $0 $0
======================== =====================
SCHEDULE D
OTHER DEPRECIABLE ASSETS(1)
Description COST BOOK VALUE
---- ------------
Machinery & Equipment -
--------------------------------------------------------------------
Computer Hardware $48,245 $48,245
-------------------------------------------------------------------- ------------------------ ---------------------
Accumulated Depreciation $(29,352) $(29,352)
-------------------------------------------------------------------- ------------------------ ---------------------
-------------------------------------------------------------------- ------------------------ ---------------------
-------------------------------------------------------------------- ------------------------ ---------------------
-------------------------------------------------------------------- ------------------------ ---------------------
-------------------------------------------------------------------- ------------------------ ---------------------
-------------------------------------------------------------------- ------------------------ ---------------------
-------------------------------------------------------------------- ------------------------ ---------------------
-------------------------------------------------------------------- ------------------------ ---------------------
-------------------------------------------------------------------- ------------------------ ---------------------
-------------------------------------------------------------------- ------------------------ ---------------------
-------------------------------------------------------------------- ------------------------ ---------------------
Total $18,893 $18,893
======================== =====================
Furniture & Fixtures -
-------------------------------------------------------------------- ------------------------ ---------------------
-------------------------------------------------------------------- ------------------------ ---------------------
Total $0 $0
======================== =====================
Network Equipment -
-------------------------------------------------------------------- ------------------------ ---------------------
-------------------------------------------------------------------- ------------------------ ---------------------
-------------------------------------------------------------------- ------------------------ ---------------------
-------------------------------------------------------------------- ------------------------ ---------------------
-------------------------------------------------------------------- ------------------------ ---------------------
-------------------------------------------------------------------- ------------------------ ---------------------
-------------------------------------------------------------------- ------------------------ ---------------------
-------------------------------------------------------------------- ------------------------ ---------------------
Total $0 $0
======================== =====================
Leasehold Improvements -
-------------------------------------------------------------------- ------------------------ ---------------------
-------------------------------------------------------------------- ------------------------ ---------------------
Total $0 $0
======================== =====================
Vehicles -
-------------------------------------------------------------------- ------------------------ ---------------------
-------------------------------------------------------------------- ------------------------ ---------------------
Total $0 $0
======================== =====================
NOTE:
(1) Sale of assets through the Company's public auction dated November
27, 2001 and to Aerie Networks.
Page 8 of 12
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 $0 $90 $12,153 $12,243
--------------- --------------- ------------- --------------- -------------
Excise $0 $0
--------------- --------------- ------------- --------------- -------------
Real property(2) $0 $0
--------------- --------------- ------------- --------------- -------------
Personal property(2) $0 $0
--------------- --------------- ------------- --------------- -------------
Income $0 $0
--------------- --------------- ------------- --------------- -------------
Other (Franchise Tax) $0 $0 $0 $8,035 $8,035
--------------- --------------- ------------- --------------- -------------
TOTAL STATE & LOCAL TAXES $0 $90 $12,153 $8,035 $20,278
--------------- --------------- ------------- --------------- -------------
TOTAL TAXES $0 $90 $12,153 $8,035 $20,278
=============== =============== ============= =============== =============
(1) Accrual basis accounting reported for Post-Petition Taxes.
(2) In prior monthly operation reports, $220,000 and $1,847,592 were reported
erroneously as post-petition real and personal property taxes which should
have been scheduled as pre-petition taxes.
SCHEDULE F
PRE-PETITION LIABILITIES
CLAIMED ALLOWED
LIST TOTAL CLAIMS FOR EACH CLASSIFICATION - AMOUNT(2) AMOUNT(3)
- ------------------------------------------- ------------- -------------
Secured claims(1) $3,470,874 $3,470,874
------------- -------------
Priority claims other than taxes $4,650 $364,522
------------- -------------
Priority tax claims $1,979,948 $3,035,805
------------- -------------
General unsecured claims $961,883,175 $365,600,587
------------- -------------
(1) The balance represents the amount originally filed in the Debtors'
statement of assets and liabilities (SoAL).
(2) The above amount represents the total claimed amount originally
filed. As of 1/31/02 Creditors have filed claims of approximately
$1.0 billion. The Debtors are reviewing all filed claims and will
revise the listed amounts in subsequent monthly operating reports.
(3) The total represents the Debtors' balance recorded in accordance
with GAAP as of 1/31/02. This amount does not include any
contingent, unliquidated, or disputed claims that were either
originally scheduled by the Debtor or filed as a claim by the
Creditors. As of 1/31/02 the total amount of the claims filed was
approximately $1.0 billion. The Debtor is working with its
financial and legal advisors to assess the validity of each claim
to determine the estimated 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 Please refer to attached statement.
--------------------- --------------------- ------------------- ---------------------
Account Type
--------------------- --------------------- ------------------- ---------------------
Account No.
--------------------- --------------------- ------------------- ---------------------
Account Purpose
--------------------- --------------------- ------------------- ---------------------
Balance, End of Month
--------------------- --------------------- ------------------- ---------------------
Total Funds on Hand for all Accounts $175,092,575
---------------------
Attach copies of the month end bank statement(s), reconciliation(s), and the
check register(s) to the Monthly Operating Report.
Page 9 of 12
SCHEDULE H
RECAPITULATION OF FUNDS HELD AT END OF MONTH
1/31/2002 1/31/2002
ACCOUNT NO. ACCOUNT TYPE ACCOUNT PURPOSE BANK BALANCE BOOK BALANCE
----------- ------------ --------------- ------------ ------------
BANKS
Wells Fargo General Account 4487-098311 General Banking General Banking $0 $0
Wells Fargo Controlled
Disbursement Account 4759-600877 General Banking General Banking $0 $0
Wells Fargo Southeast PC Account 4375-685799 General Banking General Banking $0 $0
Wells Fargo Northeast Account 4375-685815 General Banking General Banking $0 $0
Wells Fargo Western Region Account 4375-685823 General Banking General Banking $0 $0
Wells Fargo Northern Central Account 4375-686193 General Banking General Banking $0 $0
Wells Fargo Ricochet Account 4487-098485 General Banking General Banking $0 $0
Wells Fargo Metricom Account 4496-812934 General Banking General Banking $0 $0
Wells Fargo Flex Benefits Account 4761-067420 General Banking General Banking $0 $0
Wells Fargo Medical Benefits Account 4761-067438 General Banking General Banking $0 $0
Wells Fargo LLC Account 4487-099655 General Banking General Banking $0 $0
Union Bank of California 6450-135869 General Banking General Banking $0 $0
Union Bank of California - Payroll 6450-136792 General Banking General Banking $0 $0
Union Bank of California - General 2180043112 CHPT. 11 Banking General Banking $0 $0
Union Bank of California - General 2180043244 CHPT. 11 Banking General Banking $440,354 $162,967
Union Bank of California - Payroll 2180043252 CHPT. 11 Banking General Banking $7,285 $7,285
Union Bank of California - Tax 2180043260 CHPT. 11 Banking General Banking $0 $0
Union Bank of California - Medical 2180043279 CHPT. 11 Banking General Banking $896 $896
Union Bank of California -
Flex Benefits 2180043287 CHPT. 11 Banking General Banking $5,351 $5,351
Union Bank of California - Escrow 2180043740 CHPT. 11 Banking General Banking $100 $100
Union Bank of California -
General Pre-petition 2180043147 General Banking General Banking $0 $0
Union Bank of California -
Payroll Pre-petition 2180043155 General Banking General Banking $0 $0
Wells Fargo CD's
MONEY MARKET ACCOUNTS
Janus Institutional 881-881235108 Money Market Funds Account invests in
A1/P1 funds only $54,937,269 $54,937,269
Fidelity Institutional 0059-00493084842 Money Market Funds Account invests in
A1/P1 funds only $33,071,714 $33,071,714
JP Morgan Institutional 5012931 Money Market Funds Account invests in
A1/P1 funds only $0 $0
Dreyfus Institutional 288-0981002876 Money Market Funds Account invests in
A1/P1 funds only $0 $0
Institutional Accounts -
ST Investments
AIG Money Market Fund 000MB2890-1 Investments in CP, Money
Market Funds, Treasuries Account invests in
A1/P1 funds only $5,472,699 $5,472,699
Morgan Stanley & Co. 14-78C44-1 Investments in CP, Money
Market Funds, Treasuries Account invests in
A1/P1 funds only $39,231,394 $39,231,394
Salomon Smith Barney 449-0H399-19 Investments in CP, Money
Market Funds, Treasuries Account invests in
A1/P1 funds only $0 $0
Lehman Brothers 833-79266-15 Investments in CP, Money
Market Funds, Treasuries Account invests in
A1/P1 funds only $1,209,935 $1,209,935
Wells Fargo Asset Mgmt 138816 Investments in CP, Money
Market Funds, Treasuries Account invests in
A1/P1 funds only $150,646 $150,646
Wells Fargo Asset Mgmt Pledged 2215431 Investments in CP, Money
Market Funds, Treasuries Account holds
collateral for
outstanding
Letters of Credit $1,462,626 $1,462,626
LT INVESTMENTS
Bank One 204821-000 Government T-Strips Restricted Bonds
for Coupon payments $38,945,994 $38,945,994
State Street Bank 127415-010 Money Market account Escrow account for
Tim Dreisbach $287,799 $287,799
EQUITY INVESTMENTS
Lehman Brothers 833-41241-15 Equity stake in
Packeteer, Inc. Own 20,700 stake in
PKTR at a purchase
price of $0.25 $144,900 $144,900
Petty Cash on hand $1,000 $1,000
------------ ------------
$175,369,962 $175,092,575
============ ============
Page 10 of 12
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS
FOR THE MONTH ENDED 01/31/02
Actual Cumulative
Current Month (Case to Date)
------------- --------------
CASH RECEIPTS
1 Rent/Leases Collected
------------- -------------
2 Cash Received from Sales $761,113
------------- -------------
3 Interest Received $208,620 $2,325,708
------------- -------------
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 $100,760 $761,633
------------------------------------------------------------------------- ------------- -------------
10 Unrealized gain on short term investment $0 $91,187
------------------------------------------------------------------------- ------------- -------------
11 Proceeds from sale of fixed assets/Inventory (2) $413,007 $9,566,768
------------------------------------------------------------------------- ------------- -------------
12 Miscellaneous refund $65,555 $272,045
------------------------------------------------------------------------- ------------- -------------
13 Void cashiers checks paid for pre-petition liabilities $276,000 $276,000
------------------------------------------------------------------------- ------------- -------------
14 TOTAL CASH RECEIPTS $1,063,942 $15,874,089
------------- -------------
CASH DISBURSEMENTS
15 Payments for Inventory
------------- -------------
16 Selling
------------- -------------
17 Administrative $249,800 $10,166,911
------------- -------------
18 Capital Expenditures
------------- -------------
19 Principal Payments on Debt
------------- -------------
20 Interest Paid
------------- -------------
Rent/Lease:
21 Personal Property
------------- -------------
22 Real Property $17,437 $4,114,574
------------- -------------
Amount Paid to Owner(s)/Officer(s)
23 Salaries $222,327
------------- -------------
24 Draws
------------- -------------
25 Commissions/Royalties
------------- -------------
26 Expense Reimbursements $7,618
------------- -------------
27 Other (includes Retention Bonuses) $142,897
------------- -------------
28 Salaries/Commissions (less employee withholding) $204,396 $3,766,336
------------- -------------
29 Management Fees
------------- -------------
Taxes:
30 Employee Withholding $2,399,779
------------- -------------
31 Employer Payroll Taxes $351,492
------------- -------------
32 Real Property Taxes $237,230
------------- -------------
33 Other Taxes $35,910 $225,961
------------- -------------
34 Other Cash Outflows:
------------- -------------
35 ESPP refund $512,394
------------------------------------------------------------------ ------------- -------------
36 Employee Expense Reimbursements $3,003 $221,298
------------------------------------------------------------------ ------------- -------------
37 Severance $448,842
------------------------------------------------------------------ ------------- -------------
38 Reverse the unrealized gain for Packeteer Shares (1) $7,659 $1,536,092
------------------------------------------------------------------ ------------- -------------
39 Retention Bonus $838,713
------------------------------------------------------------------ ------------- -------------
40 Professional fees paid for services in connection with Chp 11 case $451,508 $1,701,473
------------------------------------------------------------------ ------------- -------------
41 U.S. Trustee Quarterly Fees $10,500 $21,500
------------------------------------------------------------------ ------------- -------------
42 Expenses for Pre-petition liabilities (3) $750,000 $750,000
------------------------------------------------------------------ ------------- -------------
43 Settlement Charges $447,073 $447,073
------------------------------------------------------------------ ------------- -------------
44 TOTAL CASH DISBURSEMENTS: $2,177,286 $28,112,510
------------- -------------
45 NET INCREASE (DECREASE) IN CASH ($1,113,344) ($12,238,421)
------------- -------------
46 CASH BALANCE, BEGINNING OF PERIOD $176,205,919 $187,330,996
------------- -------------
47 CASH BALANCE, END OF PERIOD $175,092,575 $175,092,575
============= =============
NOTES:
(1) Adjustment to the Packeteer Stock for changes in market value from the
petition date to the date of this report.
(2) The amount represents 50% of the proceeds received from the Company's
public auction on 11/27/01.
(3) Reduction of restricted cash - Surety Bonds.
Page 11 of 12
STATEMENT OF CASH FLOWS
(OPTIONAL) INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS
FOR THE MONTH ENDED 01/31/02
CASH FLOWS FROM OPERATING ACTIVITIES ACTUAL CUMULATIVE
CURRENT MONTH (CASE TO DATE)
------------- --------------
1 Cash Received from Sales $761,113
------------- -------------
2 Rent/Leases Collected
------------- -------------
3 Interest Received $208,620 $2,325,708
------------- -------------
4 Cash Paid to Suppliers
------------- -------------
5 Cash Paid for Selling Expenses
------------- -------------
6 Cash Paid for Administrative Expenses $249,800 $10,166,911
------------- -------------
Cash Paid for Rents/Leases:
7 Personal Property
------------- -------------
8 Real Property $17,437 $4,114,574
------------- -------------
9 Cash Paid for Interest
------------- -------------
10 Cash Paid for Net Payroll and Benefits $204,396 $3,766,336
------------- -------------
Cash Paid to Owner(s)/Officer(s)
11 Salaries $222,327
------------- -------------
12 Draws
------------- -------------
13 Commissions/Royalties
------------- -------------
14 Expense Reimbursements $7,618
------------- -------------
15 Other (includes Retention Bonuses) $142,897
------------- -------------
Cash Paid for Taxes Paid/Deposited to Tax Acct.
16 Employer Payroll Tax $351,492
------------- -------------
17 Employee Withholdings $2,399,779
------------- -------------
18 Real Property Taxes $237,230
------------- -------------
19 Other Taxes $35,910 $225,961
------------- -------------
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 $100,760 $761,633
--------------------------------------------------------------------------------- ------------- -------------
25 Unrealized gain on short term investment $0 $91,187
--------------------------------------------------------------------------------- ------------- -------------
26 Proceeds from sale of fixed assets/Inventory (2) $413,007 $9,566,768
--------------------------------------------------------------------------------- ------------- -------------
27 Miscellaneous refund $65,555 $272,045
--------------------------------------------------------------------------------- ------------- -------------
28 Void cashiers checks paid for pre-petition expenses $276,000 $276,000
--------------------------------------------------------------------------------- ------------- -------------
Other cash outflows:
--------------------------------------------------------------------------------- ------------- -------------
29 ESPP refund $512,394
--------------------------------------------------------------------------------- ------------- -------------
30 Employee expense reimbursement $3,003 $221,298
--------------------------------------------------------------------------------- ------------- -------------
31 Severance $448,842
--------------------------------------------------------------------------------- ------------- -------------
32 Reverse the unrealized gain on Packeteer shares (1) $7,659 $1,536,092
--------------------------------------------------------------------------------- ------------- -------------
33 Retention Bonus $838,713
--------------------------------------------------------------------------------- ------------- -------------
34 Expenses for pre-petition liabilities (3) $750,000 $750,000
--------------------------------------------------------------------------------- ------------- -------------
35 Settlement charges $447,073 $447,073
--------------------------------------------------------------------------------- ------------- -------------
36 NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES BEFORE REORGANIZATION ITEMS ($651,336) ($10,515,448)
------------- -------------
CASH FLOWS FROM REORGANIZATION ITEMS
37 Interest Received on Cash Accumulated Due to Chp 11 Case
------------- -------------
38 Professional Fees Paid for Services in Connection with Chp 11 Case ($451,508) ($1,701,473)
------------- -------------
39 U.S. Trustee Quarterly Fees ($10,500) ($21,500)
------------- -------------
40
--------------------------------------------------------------------------------- ------------- -------------
41 NET CASH PROVIDED (USED) BY REORGANIZATION ITEMS ($462,008) ($1,722,973)
------------- -------------
42 NET CASH PROVIDED (USED) FOR OPERATING ACTIVITIES AND REORGANIZATION ITEMS ($1,113,344) ($12,238,421)
------------- -------------
CASH FLOWS FROM INVESTING ACTIVITIES
43 Capital Expenditures
------------- -------------
44 Proceeds from Sales of Capital Goods due to Chp 11 Case
------------- -------------
45
--------------------------------------------------------------------------------- ------------- -------------
46 NET CASH PROVIDED (USED) BY INVESTING ACTIVITIES $0 $0
------------- -------------
CASH FLOWS FROM FINANCING ACTIVITIES
47 Net Borrowings (Except Insiders)
------------- -------------
48 Net Borrowings from Shareholders, Partners, or Other Insiders
------------- -------------
49 Capital Contributions
------------- -------------
50 Principal Payments
------------- -------------
51
--------------------------------------------------------------------------------- ------------- -------------
52 NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES $0 $0
------------- -------------
53 NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS ($1,113,344) ($12,238,421)
------------- -------------
54 CASH AND CASH EQUIVALENTS AT BEGINNING OF MONTH $176,205,919 $187,330,996
------------- -------------
55 CASH AND CASH EQUIVALENTS AT END OF MONTH $175,092,575 $175,092,575
============= =============
NOTES:
(1) Adjustment to the Packeteer Stock for changes in market value from the
petition date to the date of this report.
(2) The amount represents 50% of the proceeds received from the Company's
public auction on 11/27/01.
(3) Reduction of restricted cash - Surety Bonds.
Page 12 of 12
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: Jan-02 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 $0 $0
------------ ------------
b. Total Assets $747,656 $747,656 $180,022,607
------------ ------------ ------------
c. Current Liabilities $35,937 $35,937
------------ ------------
d. Total Liabilities $173,372,224 $173,372,224 $180,367,549
------------ ------------ ------------
3. STATEMENT OF CASH RECEIPTS & CUMULATIVE
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 ($179,164,338) ($179,164,338)
------------ ------------- -------------
5. ACCOUNT RECEIVABLES (PRE AND POST
PETITION) $0 $0
------------ -------------
6. POST-PETITION LIABILITIES $35,937 $35,937
------------ -------------
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.)
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: 02/14/02 /s/ Eugene A. Reilly
------------- ---------------------------------------------
Responsible Individual
STATEMENT OF OPERATIONS
(General Business Case)
For the Month Ended 01/31/02
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
- ------------ ------- ------- Resulting Chp 11 Case ------------- -------
$0 $0 $0 40 Gain or (Loss) from Sale of Equipment(1) ($179,164,338) $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 ($179,164,338) $0
- ------------ ------- ------- ------------- -------
$0 $0 $0 44 NET PROFIT (LOSS) BEFORE FEDERAL & STATE TAXES ($179,164,338) $0
- ------------ ------- ------- ------------- -------
$0 $0 $0 45 Federal & State Income Taxes $0 $0
- ------------ ------- ------- ------------- -------
$0 $0 $0 46 NET PROFIT (LOSS) ($179,164,338) $0
============ ======= ======= ============= =======
Attach an Explanation of Variance to Statement of Operations (For variances
greater than +/- 10% only):
NOTE:
(1) To record the loss on the sale of assets to Aerie Networks.
Page 2 of 9
BALANCE SHEET
(GENERAL BUSINESS CASE)
FOR THE MONTH ENDED 01/31/02
ASSETS
FROM SCHEDULES BOOK VALUE
-------------- ------------
CURRENT ASSETS
1 Cash, cash equivalents - unrestricted $0
-------------
2 Cash, 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 $0
--------------------------------------------------------------- -------------
9 TOTAL CURRENT ASSETS $0
-------------
PROPERTY AND EQUIPMENT (BOOK 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
--------------------------------------------------------------- -------------
18 D
--------------------------------------------------------------- -------------
19 D
--------------------------------------------------------------- -------------
20 D
--------------------------------------------------------------- -------------
21 TOTAL PROPERTY AND EQUIPMENT $0
-------------
OTHER ASSETS
22 Loans to shareholders $0
-------------
23 Loans to affiliates $0
-------------
24 Intercompany-Metricon Inc., the parent company $747,656
--------------------------------------------------------------- -------------
25
--------------------------------------------------------------- -------------
26
--------------------------------------------------------------- -------------
27
--------------------------------------------------------------- -------------
28 TOTAL OTHER ASSETS $747,656
-------------
29 TOTAL ASSETS $747,656
=============
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.
Page 3 of 9
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 $35,937
-------------
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:
--------------------------------------------------------- -------------
42
---------------------------------------------------------------------- -------------
43
---------------------------------------------------------------------- -------------
44 TOTAL CURRENT LIABILITIES $35,937
-------------
45 LONG-TERM POST-PETITION DEBT, NET OF CURRENT PORTION $0
-------------
46 TOTAL POST-PETITION LIABILITIES $35,937
-------------
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 $173,372,224
-------------
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 ($179,164,338)
-------------
56 Post-petition contributions/(distributions) or (draws)
-------------
57
------------------------------------------------------------------ -------------
58 Market value adjustment
-------------
59 TOTAL EQUITY (DEFICIT) ($172,624,568)
-------------
60 TOTAL LIABILITIES AND EQUITY (DEFICIT) $747,656
=============
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.
Page 4 of 9
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
------------------- ----------------------------------------------------------------
Page 5 of 9
SCHEDULE C
REAL PROPERTY
Description COST MARKET VALUE
---- ------------
None $0 $0
-------------------------------------------------------------------- ------------------------ ---------------------
-------------------------------------------------------------------- ------------------------ ---------------------
-------------------------------------------------------------------- ------------------------ ---------------------
-------------------------------------------------------------------- ------------------------ ---------------------
-------------------------------------------------------------------- ------------------------ ---------------------
-------------------------------------------------------------------- ------------------------ ---------------------
Total $0 $0
======================== =====================
SCHEDULE D
OTHER DEPRECIABLE ASSETS(1)
Description COST NET BOOK VALUE
---- --------------
Machinery & Equipment -
-------------------------------------------------------------------- ------------------------ ---------------------
-------------------------------------------------------------------- ------------------------ ---------------------
-------------------------------------------------------------------- ------------------------ ---------------------
-------------------------------------------------------------------- ------------------------ ---------------------
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
======================== =====================
NOTE:
(1) Sale of assets to Aerie Networks.
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 $35,937 $35,937
--------------- --------------- ------------- --------------- -------------
Excise $0
--------------- --------------- ------------- --------------- -------------
Real property(2) $0
--------------- --------------- ------------- --------------- -------------
Personal property(2) $0
--------------- --------------- ------------- --------------- -------------
Income $0
--------------- --------------- ------------- --------------- -------------
Other (Attach List) $0
--------------- --------------- ------------- --------------- -------------
TOTAL STATE & LOCAL TAXES $0 $0 $35,937 $0 $35,937
--------------- --------------- ------------- --------------- -------------
TOTAL TAXES $0 $0 $35,937 $0 $35,937
=============== =============== ============= =============== =============
SCHEDULE F
PRE-PETITION LIABILITIES
CLAIMED ALLOWED
LIST TOTAL CLAIMS FOR EACH CLASSIFICATION - AMOUNT(1) AMOUNT(b)(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 if 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.
Page 7 of 9
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS
FOR THE MONTH ENDED 01/31/02
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
------------- -------------
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
============= =============
Page 8 of 9
STATEMENT OF CASH FLOWS
(OPTIONAL) INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS
FOR THE MONTH ENDED 01/31/02
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
============= =============
Page 9 of 9
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: Jan-02 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
------------ ------------ ------------
3. STATEMENT OF CASH RECEIPTS & CUMULATIVE
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 x ;
-----
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: 02/14/02 /s/ Eugene A. Reilly
------------- ---------------------------------------------
Responsible Individual
STATEMENT OF OPERATIONS
(General Business Case)
For the Month Ended 01/31/02
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 01/31/02
ASSETS
FROM SCHEDULES BOOK VALUE
-------------- ------------
CURRENT ASSETS
1 Cash, cash equivalents - unrestricted $0
-------------
2 Cash, 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 $0
--------------------------------------------------------------- -------------
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 NET BOOK 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
======================== =====================
NOTE:
(1) Sale of assets to Aerie Networks.
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 (1) 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 if under secured.
(b) Estimated amount of claim to be allowed after compromise or
litigation. As an example, you are a defendant in a lawsuit
alleging damage of $10,000,000 and a proof of claim is filed in
that amount. You believe that you can settle the case for a claim
of $3,000,000. For Schedule F reporting purposes you should list
$10,000,000 as the Claimed Amount and $3,000,000 as the Allowed
Amount.
SCHEDULE G
RENTAL INCOME INFORMATION
NOT APPLICABLE TO GENERAL BUSINESS CASES
SCHEDULE H
RECAPITULATION OF FUNDS HELD AT END OF MONTH
ACCOUNT 1 ACCOUNT 2 ACCOUNT 3 ACCOUNT 4
--------- --------- --------- ---------
Bank
--------------------- --------------------- ------------------- ---------------------
Account Type
--------------------- --------------------- ------------------- ---------------------
Account No.
--------------------- --------------------- ------------------- ---------------------
Account Purpose
--------------------- --------------------- ------------------- ---------------------
Balance, End of Month
--------------------- --------------------- ------------------- ---------------------
Total Funds on Hand for all Accounts $0
=====================
Attach copies of the month end bank statement(s), reconciliation(s), and the
check register(s) to the Monthly Operating Report.
02/
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS
FOR THE MONTH ENDED 01/31/02
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 01/31/02
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 Investments DC, Inc. CASE NO. 01-53302
CHAPTER 11
MONTHLY OPERATING REPORT
(GENERAL BUSINESS CASE)
SUMMARY OF FINANCIAL STATUS
MONTH ENDED: Jan-02 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
------------ ------------ ------------
3. STATEMENT OF CASH RECEIPTS & CUMULATIVE
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: 02/14/02 /s/ Eugene A. Reilly
------------- ---------------------------------------------
Responsible Individual
STATEMENT OF OPERATIONS
(General Business Case)
For the Month Ended 01/31/02
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 3 Net Sales $0 $0
- ------------ ------- ------- ------------- -------
$0 $0 $0 4 less: Cost of Goods Sold (Schedule 'B') $0 $0
- ------------ ------- ------- ------------- -------
$0 $0 $0 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
- ------------ ------- ------- ------------- -------
$0 $0 $0 Rent/Lease: $0 $0
15 Personal Property
- ------------ ------- ------- ------------- -------
$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 Expense $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 REORGANIZATION ITEMS:
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 01/31/02
ASSETS
FROM SCHEDULES BOOK VALUE
-------------- ------------
CURRENT ASSETS
1 Cash, cash equivalents - unrestricted $0
-------------
2 Cash, 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 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 NET BOOK 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 if under secured.
(b) Estimated amount of claim to be allowed after compromise or
litigation. As an example, you are a defendant in a lawsuit
alleging damage of $10,000,000 and a proof of claim is filed in
that amount. You believe that you can settle the case for a claim
of $3,000,000. For Schedule F reporting purposes you should list
$10,000,000 as the Claimed Amount and $3,000,000 as the Allowed
Amount.
SCHEDULE G
RENTAL INCOME INFORMATION
NOT APPLICABLE TO GENERAL BUSINESS CASES
SCHEDULE H
RECAPITULATION OF FUNDS HELD AT END OF MONTH
ACCOUNT 1 ACCOUNT 2 ACCOUNT 3 ACCOUNT 4
--------- --------- --------- ---------
Bank
--------------------- --------------------- ------------------- ---------------------
Account Type
--------------------- --------------------- ------------------- ---------------------
Account No.
--------------------- --------------------- ------------------- ---------------------
Account Purpose
--------------------- --------------------- ------------------- ---------------------
Balance, End of Month
--------------------- --------------------- ------------------- ---------------------
Total Funds on Hand for all Accounts $0
---------------------
Attach copies of the month end bank statement(s), reconciliation(s), and the
check register(s) to the Monthly Operating Report.
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS
FOR THE MONTH ENDED 01/31/02
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 01/31/02
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 New York, L.L.C. Case No. 01-53301
CHAPTER 11
MONTHLY OPERATING REPORT
(GENERAL BUSINESS CASE)
SUMMARY OF FINANCIAL STATUS
MONTH ENDED: Jan-02 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
------------ ------------ ------------
3. STATEMENT OF CASH RECEIPTS & CUMULATIVE
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: 02/14/02 /s/ Eugene A. Reilly
------------- ---------------------------------------------
Responsible Individual
STATEMENT OF OPERATIONS
(General Business Case)
For the Month Ended 01/31/02
-----------------
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 01/31/02
-----------------
ASSETS
FROM SCHEDULES MARKET VALUE
-------------- ------------
CURRENT ASSETS
1 Cash, cash equivalents - unrestricted $0
-------------
2 Cash, 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 $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
COST NET BOOK VALUE
---- --------------
Description
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 if 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 01/31/02
-----------------
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 01/31/02
-----------------
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
============= =============