Exhibit 99.1
Form 1
TRANSMITTAL OF FINANCIAL REPORTS AND CERTIFICATION OF COMPLIANCE WITH OPERATING
REQUIREMENTS FOR THE PERIOD ENDED:
January 31, 2003
In re: American Architectural Products Corporation CASE NO: 00-43726
------------------------------------------- CHAPTER 11
Debtor Judge: Bodoh
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto,
consisting of:
a. Operating Statement (Form 2)
b. Balance Sheet (Form 3)
c. Summary of Operations (Form 4)
d. Monthly Cash Statement (Form 5)
e. Statement of Compensation (Form 6)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's
financial activity for the period stated:
2. That the insurance as described in Section 4 of the Operating
Instructions and Reporting Requirements for Chapter 11 Cases IS in
effect except as follows:
Property insurance on three of the Company's buildings expired
January 15, 2003. On January 31, 2003, the Company secured
insurance coverage on the property owned by AWS Liquidating
Company 2002 which is located in Boardman, Ohio. The Company
has been unsuccessful in its attempts to obtain property
insurance for the other two buildings. Both of these buildings
are owned by Forte, Inc. and are unoccupied. The fair values
of these properties are negligible.
3. That all post petition taxes as described in Sections 1 and 14 of the
Operating Instructions for Chapter 11 Cases ARE current.
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization.
I HEREBY CERTIFY, UNDER PENALTY OF PERJURY, THAT THE INFORMATION PROVIDED HEREIN
IS TRUE AND CORRECT TO THE BEST OF MY INFORMATION AND BELIEF.
March 7, 2003 /s/ Joseph Dominijanni
- ------------- ---------------------------
Date Joseph Dominijanni, President
Debtor in Possession
724-940-2330
---------------------------
Phone
AMERICAN ARCHITECTURAL PRODUCTS CORPORATION, ET.AL. CASE NUMBER 00-43276
NOTES:
Of the companies listed in the Notice of Bankruptcy Filing, the following
companies are not active:
AAPC Two Acquisition Company AAPC Three Acquisition Company
AAPC Four Acquisition Company AAPC Five Acquisition Company
AAPC Six Acquisition Company AGI Liquidation Company 2002; f/k/a
American Glassmith Company
AWS Liquidation Company 2002, f/k/a Denver Window Company
American Weather-Seal Company
Eagle Window and Door Center, Inc. E&T 2002 Liquidation Company, f/k/a
Eagle and Taylor Company
Forte, Inc. Fortified Window and Door Company, f/k/a
AAPC One Acquisition Company
Modern Window Corporation Thermetic Glass, Inc.
VinylSource, Inc. WIG Liquidation Company
Operating and Monthly Cash Statements for the above companies have not been
prepared, as balances are zero. Any cash disbursements required by these
entities are processed through the Corporate Disbursement account.
AAPC One Acquisition Company was activated in July 2001 and was renamed
Fortified Window and Door Company.
The assets of Denver Window Company were sold in September 2001. The proceeds
from the sale were applied to the DIP Facility Term Loan with CIT Business
Credit.
Forte, Inc. is shut down with only clean-up issues remaining.
The assets of Binnings Pan American and TM Window and Door Company (Divisions of
Binnings Building Products) were sold February 14, 2002. Fifty percent of the
proceeds from the sale were applied to the DIP Facility Term Loan with CIT
Business Credit and the remaining fifty percent of the proceeds were applied to
the DIP Facility Revolver Loan with CIT Business Credit.
The assets of American Glassmith Company (n/k/a AGI 2002 Liquidation Company)
were sold effective March 22, 2002. Fifty percent of the proceeds from the sale
were applied to the DIP Facility Term Loan with CIT Business Credit and the
remaining fifty percent of the proceeds were applied to the DIP Facility
Revolver Loan with CIT Business Credit.
The assets of Eagle Window and Door Company, a division of Eagle and Taylor
Company (n/k/a E&T 2002 Liquidation Company) were sold May 6, 2002. A portion of
the proceeds from the sale were used to repay the total indebtedness under the
DIP Facility Agreement with CIT Business Credit. The remaining proceeds were
placed in a Dreyfus Government Cash Management Account with Fleet Bank.
New checking and lockbox accounts were established with National City Bank,
Cleveland, Ohio in June 2002. The Fleet Bank lockbox and checking were closed in
August 2002.
The assets of Thermetic Glass Inc. were sold August 23, 2002. The sale proceeds
were placed in a Dreyfus Government Cash Management Account with National City
Bank.
Certain assets of American Weather-Seal Company (n/k/a AWS Liquidation Company
2002) were sold December 6, 2002. The proceeds from the sale were placed in a
Dreyfus Government Cash Management Account with National City Bank.
Certain assets of Binnings Building Products Company (n/k/a BBP Liquidation
Company 2002) were sold December 31, 2002. The proceeds from the sale were
placed in a Dreyfus Government Cash Management Account with National City Bank.
Property insurance on three of the Company's buildings expired January 15, 2003.
On January 31, 2003, the Company secured insurance coverage on the property
owned by AWS Liquidating Company 2002 which is located in Boardman, Ohio. The
Company has been unsuccessful in its attempts to obtain property insurance for
the other two buildings. Both of these buildings are owned by Forte, Inc. and
are unoccupied. The fair values of these properties are negligible.
AMERICAN ARCHITECTURAL PRODUCTS CORPORATION FORM 3
CASE # 00-43726
Balance Sheets
January 31, 2003
AMERICAN BINNINGS DANVID
AMERICAN WEATHER-SEAL BUILDING WINDOW
GLASSMITH INC. COMPANY PRODUCTS COMPANY
----------- ------------ ------------ ------------
ASSETS
Cash $ - $ (201) $ (578) $ 109,056
Accounts receivable -- Pre-petition - - - 681
Accounts receivable -- Post-petition - - 9,161 4,956,682
----------- ------------ ------------ ------------
Gross Accounts receivable - - 9,161 4,957,363
Less: Allowance for Doubtful Accounts - - - (264,758)
----------- ------------ ------------ ------------
Net Accounts Receivable - - 9,161 4,692,605
Intercompany A/R-A/P - - - -
Inventories - - - 1,973,118
Prepaid expenses and other current assets - - - 152,895
----------- ------------ ------------ ------------
TOTAL CURRENT ASSETS - (201) 8,583 6,927,674
Property, plant & equipment, net - 1,602,880 - 1,778,678
Deposits and other assets - - 1,502,640 977,896
----------- ------------ ------------ ------------
TOTAL NON-CURRENT ASSETS - 1,602,880 1,502,640 2,756,574
----------- ------------ ------------ ------------
$ - $ 1,602,679 $ 1,511,223 $ 9,684,248
=========== ============ ============ ============
LIABILITIES
Accounts payable -- Pre-petition $ 516,595 $ 1,842,994 $ 2,725,629 $ 1,143,195
Accounts payable -- Post-petition - - 187,934 1,493,551
----------- ------------ ------------ ------------
Total Accounts payable 516,595 1,842,994 2,913,563 2,636,746
Accrued expenses - Other 25,685 452,127 987,537 351,972
Accrued expenses - Payroll -- Post-petition - - - 413,148
Accrued expenses - warranty obligations--current - - - -
Current Portion of Long Term Debt - - - -
Current portion of capital lease obligations - - - 45,222
----------- ------------ ------------ ------------
TOTAL CURRENT LIABILITIES 542,280 2,295,121 3,901,100 3,447,088
Long-term capital lease obligations, less current portion - - - 54,393
Intercompany investment 3,201,662 38,367,561 26,446,907 17,803,365
Intercompany payable/(receivable) (646,593) (9,590,600) 19,991,557 (1,502,018)
Accrued warranty obligations, less current portion - - - 1,009,840
Other liabilities - - - 1,238,736
----------- ------------ ------------ ------------
TOTAL LONG-TERM LIABILITIES 2,555,069 28,776,961 46,438,464 18,604,316
----------- ------------ ------------ ------------
TOTAL LIABILITIES 3,097,349 31,072,082 50,339,564 22,051,404
STOCKHOLDERS' EQUITY (DEFICIT)
Common stock, $.001 par, authorized 100,000 shares; - - - 765
Additional paid in capital - - - 1,008,849
Treasury stock - - - -
Retained earnings (3,097,349) (29,469,403) (48,828,341) (13,376,770)
----------- ------------ ------------ ------------
TOTAL STOCKHOLDERS' EQUITY (DEFICIT) (3,097,349) (29,469,403) (48,828,341) (12,367,156)
----------- ------------ ------------ ------------
$ - $ 1,602,679 $ 1,511,223 $ 9,684,248
=========== ============ ============ ============
EAGLE
EAGLE & DENVER WINDOW
TAYLOR WINDOW AND DOOR THERMETIC
COMPANY COMPANY CENTER INC. GLASS, INC.
------------ ------------ ------------ ------------
ASSETS
Cash $ - $ - $ - $ -
Accounts receivable -- Pre-petition - - - -
Accounts receivable -- Post-petition - - - -
------------ ------------ ------------ ------------
Gross Accounts receivable - - - -
Less: Allowance for Doubtful Accounts - - - -
------------ ------------ ------------ ------------
Net Accounts Receivable - - -
Intercompany A/R-A/P 712,459 (1,014,024) - -
Inventories - - -
Prepaid expenses and other current assets 8,990 - - -
------------ ------------ ------------ ------------
TOTAL CURRENT ASSETS 721,449 (1,014,024) - -
Property, plant & equipment, net 724,952 - - -
Deposits and other assets - - - -
------------ ------------ ------------ ------------
TOTAL NON-CURRENT ASSETS 724,952 - - -
------------ ------------ ------------ ------------
$ 1,446,401 $ (1,014,024) $ - $ -
============ ============ ============ ============
LIABILITIES
Accounts payable -- Pre-petition $ 945,635 $ 31,372 $ 502 $ 31,321
Accounts payable -- Post-petition - - - -
------------ ------------ ------------ ------------
Total Accounts payable 945,635 31,372 502 31,321
Accrued expenses - Other - - - 5,000
Accrued expenses - Payroll -- Post-petition - - - -
Accrued expenses - warranty obligations--current - - - -
Current Portion of Long Term Debt - - - -
Current portion of capital lease obligations - - - -
------------ ------------ ------------ ------------
TOTAL CURRENT LIABILITIES 945,635 31,372 502 36,321
Long-term capital lease obligations, less current portion - - - -
Intercompany investment 11,990,385 221,015 - 4,201,527
Intercompany payable/(receivable) (92,917,861) - 3,219,382 6,432,638
Accrued warranty obligations, less current portion - - - -
Other liabilities - - - -
------------ ------------ ------------ ------------
TOTAL LONG-TERM LIABILITIES (80,927,476) 221,015 3,219,382 10,634,165
------------ ------------ ------------ ------------
TOTAL LIABILITIES (79,981,841) 252,387 3,219,884 10,670,486
STOCKHOLDERS' EQUITY (DEFICIT)
Common stock, $.001 par, authorized 100,000 shares; 2,000 - - -
Additional paid in capital - - - -
Treasury stock - - - -
Retained earnings 81,426,242 (1,266,411) (3,219,884 (10,670,486)
------------ ------------ ------------ ------------
TOTAL STOCKHOLDERS' EQUITY (DEFICIT) 81,428,242 (1,266,411) (3,219,884) (10,670,486)
------------ ------------ ------------ ------------
$ 1,446,401 $ (1,014,024) $ - $ -
============ ============ ============ ============
CORPORATE FORTE, INC.
------------ ------------
ASSETS
Cash $ 53,181,650 $ -
Accounts receivable -- Pre-petition - -
Accounts receivable -- Post-petition 61,909 -
------------ ------------
Gross Accounts receivable 61,909 -
Less: Allowance for Doubtful Accounts - -
------------ ------------
Net Accounts Receivable 61,909 -
Intercompany A/R-A/P -
Inventories - -
Prepaid expenses and other current assets 570,169 -
------------ ------------
TOTAL CURRENT ASSETS 53,813,728 -
Property, plant & equipment, net 1,332,432 200,000
Deposits and other assets 605,829 -
------------ ------------
TOTAL NON-CURRENT ASSETS 1,938,261 200,000
------------ ------------
$ 55,751,989 $ 200,000
============ ============
LIABILITIES
Accounts payable -- Pre-petition $ 902,474 $ -
Accounts payable -- Post-petition 106,530 -
------------ ------------
Total Accounts payable 1,009,004 -
Accrued expenses - Other 18,937,566 -
Accrued expenses - Payroll -- Post-petition 67,691 -
Accrued expenses - warranty obligations--current - -
Current Portion of Long Term Debt 132,500,000 -
Current portion of capital lease obligations - -
------------ ------------
TOTAL CURRENT LIABILITIES 152,514,261 -
Long-term capital lease obligations, less current portion - -
Intercompany investment (105,926,487) 366,907
Intercompany payable/(receivable) 57,653,158 17,357,330
Accrued warranty obligations, less current portion - -
Other liabilities 10,541 -
------------ ------------
TOTAL LONG-TERM LIABILITIES (48,262,788) 17,724,237
------------ ------------
TOTAL LIABILITIES 104,251,473 17,724,237
STOCKHOLDERS' EQUITY (DEFICIT)
Common stock, $.001 par, authorized 100,000 shares; 1,661,466 484,601
Additional paid in capital 6,934,698 5,276,329
Treasury stock (100,000) -
Retained earnings (56,995,648) (23,285,167)
------------ ------------
TOTAL STOCKHOLDERS' EQUITY (DEFICIT) (48,499,484) (17,524,237)
------------ ------------
$ 55,751,989 $ 200,000
============ ============
THE FOLLOWING COMPANIES ARE INACTIVE:
Fortified Window and Door, Inc. f.k.a. AAPC One Acquisition Corporation
AAPC Two Acquisition Corporation AAPC Three Acquisition Corporation
AAPC Three Acquisition Corporation AAPC Four Acquisition Corporation
AAPC Four Acquisition Corporation AAPC Five Acquisition Corporation
AAPC Five Acquisition Corporation AAPC Six Acquisition Corporation
AAPC Six Acquisition Corporation
Modern Window Company
Vinylsource, Inc.
WIG Liquidation Company
AMERICAN ARCHITECTURAL PRODUCTS CORPORATION FORM 2
CASE # 00-43726
Operating Statement
For the month ended December 31, 2002
AMERICAN BINNINGS DANVID
AMERICAN WEATHER-SEAL BUILDING WINDOW
GLASSMITH INC. COMPANY PRODUCTS COMPANY
----------- ------------ ------------ ------------
Net Sales $ - $ - $ - $ 5,170,518
Cost of Sales - - - 4,488,573
----------- ------------ ------------ ------------
Gross Profit - - - 681,945
Selling Expense - - - 428,950
General and Administrative Expenses - - - 226,848
----------- ------------ ------------ ------------
Income (Loss) from Operations - - - 26,147
Interest Expense, net - - - 13,554
Reorganization Costs - - - -
Other (Income) Expense 2,401 36,620 18,568 1,649
----------- ------------ ------------ ------------
Income (Loss) Before Taxes (2,401) (36,620) (18,568) 10,944
Income Taxes - - - -
----------- ------------ ------------ ------------
Net Income (Loss) $ (2,401) $ (36,620) $ (18,568) $ 10,944
=========== ============ ============ ============
EAGLE
EAGLE & DENVER WINDOW
TAYLOR WINDOW AND DOOR THERMETIC
COMPANY COMPANY CENTER INC. GLASS, INC.
------------ ------------ ------------ ------------
Net Sales $ - $ - $ - $ -
Cost of Sales - - - -
------------ ------------ ------------ ------------
Gross Profit - - - -
Selling Expense - - - -
General and Administrative Expenses - - - -
------------ ------------ ------------ ------------
Income (Loss) from Operations - - - -
Interest Expense, net - - - -
Reorganization Costs - - - -
Other (Income) Expense (2,264) 300 350 283
------------ ------------ ------------ ------------
Income (Loss) Before Taxes 2,264 (300) (350) (283)
Income Taxes - - - -
------------ ------------ ------------ ------------
Net Income (Loss) $ 2,264 $ (300) $ (350) $ (283)
============ ============ ============ ============
FORTE, INC. CORPORATE
------------ ------------
Net Sales $ - $ -
Cost of Sales - -
------------ ------------
Gross Profit - -
Selling Expense - -
General and Administrative Expenses - 204,666
------------ ------------
Income (Loss) from Operations - (204,666)
Interest Expense, net - -
Reorganization Costs - 243,830
Other (Income) Expense (5,290) (75,327)
------------ ------------
Income (Loss) Before Taxes 5,290 (373,169)
Income Taxes - -
------------ ------------
Net Income (Loss) $ 5,290 $ (373,169)
============ ============
THE FOLLOWING COMPANIES ARE INACTIVE:
Fortified Window and Door, Inc. f.k.a. AAPC One Acquisition Corporation
AAPC Two Acquisition Corporation AAPC Three Acquisition Corporation
AAPC Three Acquisition Corporation AAPC Four Acquisition Corporation
AAPC Four Acquisition Corporation AAPC Five Acquisition Corporation
AAPC Five Acquisition Corporation AAPC Six Acquisition Corporation
AAPC Six Acquisition Corporation
Modern Window Company
Vinylsource, Inc.
WIG Liquidation Company
Monthly Summary of Operations Form 4
BINNINGS BUILDING PRODUCTS, INC.,
Period Ended: JANUARY 31, 2003 Case Number 00-43726
Schedule of Postpetition Taxes Payable
Beginning Accrued/ Payments/ Ending
Balance Withheld Deposits Balance
------- -------- -------- -------
Income taxes withheld:
Federal $ - $ - $ - $ -
State - - - -
Local - - - -
FICA withheld - - - -
Employers FICA - - - -
Unemployment tax:
Federal - - - -
State - - - -
Sales, use & excise - - - -
Property tax - - - -
Other taxes - - - -
------- --------- --------- ----
Total $ - $ - $ - $ -
======= ========= ========= ====
Aging of accounts receivable and post-petition accounts payable
Age in days 0-30 30-60 Over 60
Post petition
accounts payable $ - $ - $ 187,934
Accounts receivable $ - $ - $ -
For post petition accounts payable over 30 days old, please attach a sheet
listing each such account, to whom the account is owed, the date the account was
opened, and the reason for non-payment of the account.
Binnings Acquisition, Inc. 187,934 Billing in dispute
Monthly Summary of Operations Form 4
DANVID WINDOW COMPANY Case Number 00-43726
Period Ended: JANUARY 31, 2003
Schedule of Postpetition Taxes Payable
Beginning Accrued/ Payments/ Ending
Balance Withheld Deposits Balance
------- -------- -------- -------
Income taxes withheld:
Federal $ - $ 97,375 $ 97,375 $ -
State - - - -
Local - -
FICA withheld - 69,497 69,497 -
Employers FICA - 69,497 69,497 -
Unemployment tax:
Federal - 8,936 8,936 -
State - 26,231 26,231 -
Sales, use & excise 65,248 91,436 65,248 91,436
Property tax - - - -
Other taxes - - - -
----------------------------------------------------------------
Total $ 65,248 $ 362,972 $ 336,784 $ 91,436
===============================================================
Aging of accounts receivable and post-petition accounts payable
Age in days 0-30 30-60 Over 60 Total
---- ----- ------- -----
Post petition
accounts payable $ 503,140 $ 4,413 $ 9,072 $ 516,625
Accounts receivable $ 4,282,824 $ 487,424 $ 155,241 $4,925,489
For post petition accounts payable over 30 days old, please attach a sheet
listing each such account, to whom the account is owed, the date the account was
opened, and the reason for non-payment of the account.
DANVID WINDOW COMPANY Form 4
Post Petition Accounts Payable 30 days old. Case Number 00-43726
Period Ended: January 31, 2003
VENDOR NAME AMOUNT OWED DATE ACCOUNT OPENED REASON FOR NON PAYMENT
----------- ----------- ------------------- ----------------------
Cardianl IG $ 3,075.56 Not on File Paid February 7, 2003
TXU Energy 10,409.57 Not on File Paid February 7, 2003
----------
Total $13,485.13
==========
Monthly Summary of Operations Form 4
AMERICAN ARCHITECTURAL PRODUCTS CORPORATION -- CORPORATE
Period Ended: JANUARY 31, 2003 Case Number 00-43726
Schedule of Postpetition Taxes Payable
Beginning Accrued/ Payments/ Ending
Balance Withheld Deposits Balance
--------- -------- --------- -------
Income taxes withheld:
Federal $ - $ -
State - -
Local - -
FICA withheld - -
Employers FICA - -
Unemployment tax:
Federal - -
State - -
Sales, use & excise - - -
Property tax - -
Other taxes - -
---------------------------------------------------------
Total $ - $ - $ - $ -
=========================================================
Aging of accounts receivable and post-petition accounts payable
Age in days 0-30 30-60 Over 60 Total
---- ----- ------- -----
Post petition
accounts payable $ 18,582 $ 34,615 $ 53,334 $ 106,531
Accounts recievable Corporate does not hold Trade A/R
For post petition accounts payable over 30 days old, please attach a sheet
listing each such account, to whom the account is owed, the date the account was
opened, and the reason for non-payment of the account.
FORM 4
AMERICAN ARCHITECTURAL PRODUCTS CORP.
A/P AGING DETAIL
AS OF JANUARY 31, 2003
DATE NAME OPEN BALANCE
-------------- --------------------------------------- ------------------
Current
1/7/2003 Business Telephone Supply $ 79.50
1/22/2003 Pitney Bowes Credit Corporation 330.97
1/30/2003 Modern Office Products, Inc. 124.84
1/16/2003 Corporate Express-Wexford 202.96
1/22/2003 Quest 38.00
1/30/2003 Modern Office Products, Inc. 95.56
1/30/2003 Modern Office Products, Inc. 3.60
1/30/2003 North Pittsburgh Telephone Company 163.52
1/30/2003 Merrill Lynch, Pierce, Fenner & Smith Inc 2,390.00
1/30/2003 Modern Office Products, Inc. 47.58
1/1/2003 Tamcon 5,757.32
1/30/2003 Labyrinth Management Group 5,841.65
1/30/2003 Maverick Consulting 3,506.00
------------------
Total Current 18,581.50
31 - 60
12/16/2002 Squire, Sanders & Dempsey LLP 7,958.40 a
11/21/2002 Kramer Levin Naftalis & Frankel LLP 24,466.20 a
12/2/2002 Nadler Nadler & Burdman Co. 2,190.30 a
------------------
Total 31 - 60 34,614.90
> 60
1/12/2001 ADP, Inc. 3,632.62 b
2/28/2001 Ameritech 553.51 b
9/5/2001 American Commercial Holdings, Inc. 26,004.46 b
9/12/2002 Kramer Levin Naftalis & Frankel LLP 23,143.01 a
------------------
Total > 60 53,333.60
------------------
TOTAL 106,530.00
==================
a Will be paid upon submission and confirmation of final fee application.
b In dispute
DANVID WINDOW COMPANY Form 5
Monthly Cash Statement Case Number 00-43726
For the month ending January 31, 2003
General Payroll Lockbox
---------- ----------- -----------
Beginning book balance $ (129,002) $ 4,812 $ 404,803
Receipts - - 3,604,002
Transfers received 3,394,734 1,103,520 -
------------------------------------------------------
Balance available 3,265,732 1,108,332 4,008,805
Disbursements (3,842,264) (1,109,799) -
Transfers sent - - (3,898,782)
------------------------------------------------------
Ending book balance $ (576,532) $ (1,468) $ 110,024
======================================================
Attach copies of the most recent reconciled bank statements from each account.
GENERAL ACCOUNT:
Name and Address: National City Bank of PA
527 Chartiers Avenue
McKees Rocks, PA 15136
Account Number: 0658765843
PAYROLL ACCOUNT:
Name and Address: Bank of America
P.O. Box 798
Witchita, KS 67201
Account Number: 1390059896
LOCKBOX ACCOUNT:
Name and Address: National City Bank of PA
4100 West 150th Street
Cleveland, OH 44135
Account number: 951286
Other monies on hand (specify type and location) (I.e. CD's petty cash, etc.)
$400.00 in petty cash with controller
$100.00 in cash change drawer for cash sales.
Date: March 4, 2003
Signature: /s/ Lee Morton
------------------------------
Debtor in Possession
DANVID WINDOW COMPANY Form 5
Case Number 00-43726
Daily Summary of Cash Receipts for the month of: January 2003
Date General Payroll Lockbox
- -------- ---------- ---------- -----------
1 $ - $ - $ 686
2 57,201
3 311,200
4 -
5 -
6 275,617
7 67,255
8 182,604
9 -
10 -
11 38,061
12 82,024
13 633,765
14 46,537
15 176,237
16 -
17 2,316
18 177,297
19 151,077
20 209,664
21 83,206
22 152,391
23 46,885
24 66,252
25 -
26 -
27 393,338
28 75,918
29 167,768
30 85,218
31 121,484
------------------------------------------------------
Total $ - $ - $ 3,604,002
======================================================
DANVID WINDOW COMPANY Form 5
Case Number 00-43726
Daily Summary of Cash Disbursements for the month of: January 2003
Note: Disbursements equals checks written and other bank transfers.
Date General Payroll Lockbox
- -------- ---------- ---------- -----------
1 $ - $ - $ -
2 209,524
3 280,734
4
5
6 56,597
7 59,710 171,981
8 95,386
9 226,557
10 426,055
11
12
13 120,148
14 55,822
15 177,817 327,129
16 206,024
17 298,377
18
19
20 84,309
21 96,673
22 72,107 293,305
23 314,588
24 181,298
25
26
27 91,900
28 70,390
29 44,756 317,384
30 306,253
31 367,239
-------------------------------------------------------
Total $ 3,842,264 $ 1,109,799 $ -
=======================================================
DANVID WINDOW COMPANY Form 5
Case Number 00-43726
Daily Summary of cash transfers for the month of January 2003
Disbursements from:
Date General Payroll Lockbox
- -------- ---------- ---------- -----------
1 $ - $ - $ -
2
3 467,394
4
5
6 316,998
7 285,264
8 51,811
9 182,604
10 38,061
11
12
13 82,346
14 633,682
15 46,298
16 176,232
17 179,613
18
19
20
21 360,822
22 83,125
23 152,391
24 40
25
26
27 113,505
28 403,131
29 72,130
30 167,768
31 85,566
------------------------------------------------------
Total $ - $ - $ 3,898,782
======================================================
DANVID WINDOW COMPANY Form 5
Case Number 00-43726
Daily Summary of cash transfers for the month of January 2003
Disbursements to:
Date General Payroll Lockbox
- -------- ---------- ---------- -----------
1
2 40,023
3 133,380
4
5
6 37,072
7 108,521
8 197,498 171,981
9 250,518
10 36,692
11
12
13 163,828
14 171,729
15 303,247 327,129
16 325,133
17 115,312
18
19
20
21 186,367
22 245,712 293,238
23 234,117
24 226,291
25
26
27 37,993
28 114,254
29 48,050 311,171
30 79,836
31 339,162
-------------------------------------------------------
Total $ 3,394,734 $ 1,103,520 $ -
=======================================================
DANVID WINDOW COMPANY Form 5
BANK RECONCILIATION - NAT'L CITY BANK #0658765835 Case No 00-43726
CHECKING ACCOUNT GL ACCTS 1010 AND 1011
For The Month Ended January 31, 2003
Beginning Disbursements Deposits Transfers Ending
------------- ---------------- ---------- -------------- ---------------
Bank
Per bank $ - $(3,381,480.84) $ 3,381,480.84 $ -
Prior O/S checks (129,334.87) 129,334.87 -
Current O/S checks (598,626.40) (598,626.40)
-
-------------------------------------------------------------------------------------
Adjusted bank balance $(129,334.87) $(3,850,772.37) $ - $ 3,381,480.84 $ (598,626.40)
=====================================================================================
General ledger
Per ledger
Balance acct 1010 $(129,001.71) $(2,655,554.13) $ 2,186,344.33 $ (598,211.51)
Balance acct 1011 - (1,186,709.74) 1,208,389.38 21,679.64
-------------------------------------------------------------------------------------
Total general ledger balance (129,001.71) (3,842,263.87) - 3,394,733.71 (576,531.87)
ACCT 1010 REC ITEMS
-------------------
UPS 12/27/02 (333.16) 333.16 -
UPS 01/31/03 (414.89) (414.89)
1/30 Bk Dr. shd be to 1015 1,000.00 (1,000.00) -
1/6/03 NEXENSEM 12,252.87 (12,252.87) -
ACCT 1011 REC ITEMS
-------------------
PPG 1/30/03 (21,679.64) (21,679.64)
-------------------------------------------------------------------------------------
Adjusted ledger balance $(129,334.87) $(3,850,772.37) $ - $ 3,381,480.84 $ (598,626.40)
=====================================================================================
DANVID WINDOW COMPANY Form 5
BANK RECONCILIATION - #1390059896 Case No 00-43726
PAYROLL ACCOUNT ACCT #1020
FOR THE MONTH ENDED JANUARY 31, 2003
Beginning Checks Deposits Wires/Other Ending
------------ ---------------- -------------- --------------- --------------
Bank
Per bank - 13900059896 $ 199,612.61 $ (1,115,982.30) $ 1,103,519.75 $ $ 187,150.06
Prior O/S checks (60,572.98) 60,572.98 -
Current O/S checks (192,961.83) (192,961.83)
ADP tax withdrawals 307,043.30 (307,043.30) -
ADP garnishment withdrawals 5,659.42 (5,659.42) -
ADP fee withdrawals 6,127.63 (6,127.63) -
Bank fees 1,147.52 (1,147.52) -
Direct Deposits 157,883.12 (157,883.12) -
---------------------------------------------------------------------------------------------
Adjusted bank balance $ 139,039.63 $ (770,510.16) $ 1,103,519.75 $ (477,860.99) $ (5,811.77)
=============================================================================================
General ledger
Per ledger $ 4,811.84 $ (768,812.10) $ 1,103,519.75 $ (340,987.04) $ (1,467.55)
Check order fee 11/14/02 (34.50) 34.50 -
October Bank fee (1,143.92) 1,143.92 -
Check #2136 NR (654.03) (654.03)
Check #2137 NR (622.52) (622.52)
Check #2138 NR (552.26) (552.26)
Check #2140 NR (592.47) (592.47)
Check #2141 NR (1,856.44) (1,856.44)
Check #2142 NR (66.50) (66.50)
Deposit 12/31/02 1,698.06 (1,698.06) -
Bank fees Nov.2002 (976.45) 976.45 -
Week 52 payroll fee (1,012.54) 1,012.54 -
Week 53 Wire 12/31/02 141,952.82 (141,952.82) -
Adp tax diff wk 49 (1,911.46) 1,911.46 -
---------------------------------------------------------------------------------------------
Adjusted ledger balance $ 139,039.63 $ (770,510.16) $ 1,103,519.75 $ (477,860.99) $ (5,811.77)
=============================================================================================
Unreconciled difference $ - $ - $ - $ - $ -
=============================================================================================
DANVID WINDOW COMPANY Form 5
BANK RECONCILIATION - NATIONAL CITY #951286 Case No 00-43726
DEPOSITORY ACCOUNT GL ACCT 1015
FOR THE MONTH ENDED JANUARY 31, 2003
Beginning Disbursements Deposits Transfers Ending
------------------------------------------------------------------------------
Per bank $ - $ 3,800,470.30 $(3,800,470.30) $ -
Prior deposits in transit -
01/01/2003 393,297.48 (393,297.48) -
-
-
Current deposits in transit -
01/31/03 109,356.55 109,356.55
------------------------------------------------------------------------------
Adjusted bank balance $393,297.48 $ - $ 3,516,529.37 $(3,800,470.30) $109,356.55
==============================================================================
General ledger
Per ledger $404,802.83 $ 3,505,691.02 $(3,800,470.30) $110,023.55
Harrigan Custom 10/07/02 #1276 Bk.error 1,000.00 (1,000.00) -
Interim Acct 10/7/02 #10067 Bk. Error (600.00) (600.00)
Williams Buildg Supp. #3173 Bk.error (67.00) (67.00)
Window Factory wire 12/18/02 1,941.10 (1,941.10) -
Window Factory wire 12/18/02 1,021.95 (1,021.95) -
Window Factory wire 12/18/02 PO# 24252Y 826.92 (826.92) -
84 Lum wire diff. 12/31/02 685.77 (685.77) -
Nsf Scott Spence #1841 12/6/02 (85.17) 85.17 -
Nsf Woodmill Inc #149 12/19/02 (7,093.78) 7,093.78 -
Nsf Woodmill Inc #117 12/19/02 (9,135.14) 9,135.14 -
------------------------------------------------------------------------------
Adjusted ledger balance $393,297.48 $ - $ 3,516,529.37 $(3,800,470.30) $109,356.55
==============================================================================
Unreconciled difference $ - $ - $ - $ - $ -
==============================================================================
AMERICAN ARCHITECTURAL PRODUCTS CORPORATION -- CORPORATE Form 5
MONTHLY CASH STATEMENT Case Number 00-43726
FOR THE MONTH ENDED JANUARY 31, 2003
NATIONAL CITY NATIONAL CITY NATIONAL CITY EURO
DISBURSEMENT LOCKBOX DISBURSEMENT INVESTMENT OVERNIGHT
------------ ------- ------------ ---------- ---------
Beginning book balance $ (164,447) $ - $ 51,672 $ 47,519,632 $ 7,763,000
ADJUSTMENT - - - - -
RECEIPTS - 4,364,790 2,262 53,258 -
TRANSFERS RECEIVED 955,748 - 12,024,790 5,500,000 -
-------------------------------------------------------------------------------------------------------
BALANCE AVAILABLE 791,301 4,364,790 12,078,724 53,072,890 7,763,000
DISBURSEMENTS (918,955) - (6,446,011) - -
TRANSFERS SENT - (4,364,790) (5,500,000) (1,500,000) (6,160,000)
-------------------------------------------------------------------------------------------------------
ENDING BOOK BALANCE $ (127,653) $ - $ 132,713 $ 51,572,890 $ 1,603,000
=======================================================================================================
Attach copies of the most recent reconciled bank statements from each account.
DISBURSEMENT ACCOUNT:
Name & Address National City Bank
527 Chartiers Ave.
McKees Rocks, Pa 15136
Account Number 658765800 Based on account availability National City Bank invests the
balance in an overnight Euro Investment
LOCKBOX ACCOUNT:
Name & Address National City Bank
PO Box 951288
Cleveland, Ohio 44193
Account number 951288
INVESTMENT ACCOUNT
Name and Address Dreyfus Gov't Cash Management Account
National City Bank
Pittsburgh, Pa. 15222
Account Number 4603941
Other monies on hand (specify type and location) (I.e. CD's petty cash, etc.)
PETTY CASH: $ 600
Date: March 4, 2003
Signature: /s/ Conni K. McIsaac
---------------------------------------
Debtor in Possession
AMERICAN ARCHITECTURAL PRODUCTS CORPORATION -- CORPORATE Form 5
Case Number 00-43726
Daily Summary of Cash Receipts for the month of January 2003
EURO NATIONAL CITY
DATE DISBURSEMENT LOCKBOX INVESTMENT INVESTMENT
- ---- ------------ ------- ---------- ----------
1 $ - $ - $ - $ -
2 2,854
3 474,542
4
5
6 343,904
7 492,178
8 64,721
9 191,854
10 53,688
11
12
13 104,403
14 638,269
15 115,444
16 181,673
17 182,945
18
19
20
21 362,116
22 83,756
23 164,696
24 7,527
25
26
27 119,539
28 405,104
29 75,698
30 214,274
31 85,604
Interest 2,262 53,258
Net Deposits
------------------------------------------------------------------------
Total $ - $ 4,364,790 $ 2,262 $ 53,258
========================================================================
AMERICAN ARCHITECTURAL PRODUCTS CORPORATION --CORPORATE Form 5
Case Number 00-43726
Daily Summary of Cash Disbursements for the month of January 2003
Note: Disbursements equal checks written and other payments to vendors.
National City National City
Date Checks Lockbox Investment Disbursement
---- ------------ ------- ---------- ------------
1 $ - $ - $ - $ -
2 212,788
3 200,659 240,965
4
5
6 259,500
7 189,889
8 377,084
9 396,076
10 36,636 59,709
11
12
13 213,973
14 172,178
15 649,558
16 724,313
17 30,321 121,158
18
19
20
21 205,017
22 549,975
23 253,580
24 554,465 236,607
25
26
27 108,324
28 286,545
29 87 414,253
30 430,330
31 94,703 341,065
UPS 2,084
NSF Checks
Analysis charge 3,125
-------------------------------------------------------------------------
Total $ 918,955 $ - $ - $ 6,446,011
=========================================================================
AMERICAN ARCHITECTURAL PRODUCTS CORPORATION -- CORPORATE Form 5
Case Number 00-43726
Daily Summary of cash transfers for the month of January 2003
Note: Transfers represent funds transferred from/to other Bank Accounts
TRANSFERRED FROM: NATIONAL CITY EURO NATIONAL CITY
DATE DISBURSEMENT LOCKBOX INVESTMENT OVERNIGHT DISBURSEMENT
---- ------------ ------- ---------- --------- ------------
1 $ - $ - $ - $ - $ -
2 2,854
3 474,542
4
5
6 343,904 5,500,000
7 492,178
8 64,721
9 191,854
10 53,688
11
12
13 104,403
14 638,269
15 115,444 500,000
16 181,673
17 182,945
18
19
20
21 362,116
22 83,756
23 164,696 500,000
24 7,527
25
26
27 119,539
28 405,104 500,000
29 75,698
30 214,274
31 85,604
To Disbursement account
Interest
Adj for Euro month end difference 6,160,000 -
To Investment Account
-----------------------------------------------------------------------------------------------------
Total $ - $4,364,790 $ 1,500,000 $6,160,000 $ 5,500,000
=====================================================================================================
AMERICAN ARCHITECTURAL PRODUCTS CORPORATION -- CORPORATE Form 5
Case Number 00-43726
Daily Summary of cash transfers for the month of January 2003
Note: Transfers represent funds transferred from/to other Bank Accounts
TRANSFERRED FROM: National City Euro National City
Date Disbursement Lockbox Investment Overnight Disbursement
---- ------------ ------- ---------- --------- ------------
1 $ - $ - $ - $ - $ -
2 157,296 2,854
3 5,228 474,542
4
5
6 194,651 5,500,000 343,904
7 5,224 492,178
8 461 64,721
9 604 191,854
10 2,633 53,688
11
12
13 309 104,403
14 209 638,269
15 5,864 615,444
16 22,485 181,673
17 185 182,945
18
19
20
21 2,978 362,116
22 10,112 83,756
23 19,463 664,696
24 1,390 7,527
25
26
27 3,408 119,539
28 166,277 905,104
29 4,574 75,698
30 350,494 214,274
31 1,903 85,604
From Investment Account
Interest
Adj for Euro month-end difference - 6,160,000
To investment account
---------------------------------------------------------------------------------------------------------
Total $ 955,748 $ - $ 5,500,000 $ - $ 12,024,790
=========================================================================================================
AMERICAN ARCHITECTURAL PRODUCTS CORPORATION -- CORPORATE Form 5
MONTHLY BANK RECONCILIATION - NATIONAL CITY DISBURSEMENT ACCOUNT
JANUARY 31, 2003 Case Number 00-43726
Balance per Bank $ 132,713.23
Less: Outstanding Checks
10/25/02 7812 125.00
01/17/03 8041 35.00
01/24/03 8052 118.25
01/24/03 8056 1,062.84
01/24/03 8066 189.21
01/24/03 8069 50.00
01/24/03 8070 50.45
01/24/03 8071 50.45
01/24/03 8072 50.00
01/24/03 8073 50.45
01/24/03 8074 50.00
01/24/03 8075 50.45
01/24/03 8076 50.45
01/24/03 8077 560.01
01/24/03 8078 50.45
01/24/03 8079 50.45
01/24/03 8080 30,020.00
01/24/03 8081 50.00
01/24/03 8082 50.00
01/24/03 8083 50.00
01/24/03 8084 50.00
01/24/03 8085 50.00
01/29/03 8086 86.54
01/30/03 8087 50.00
01/30/03 8088 145.00
01/30/03 8089 642.33
01/30/03 8090 19.81
01/30/03 8091 3,580.00
01/30/03 8092 179.87
01/30/03 8093 714.00
01/30/03 8094 4,221.01
01/30/03 8095 3,974.16
01/30/03 8096 1,073.81
01/30/03 8097 1,278.00
01/30/03 8098 303.95
01/30/03 8099 1,643.14
01/30/03 8100 1,500.00
AMERICAN ARCHITECTURAL PRODUCTS CORPORATION -- CORPORATE Form 5
MONTHLY BANK RECONCILIATION - NATIONAL CITY DISBURSEMENT ACCOUNT (CONT.)
JANUARY 31, 2003 Case Number 00-43726
01/30/03 8101 2,547.00
01/30/03 8102 4,190.50
01/30/03 8103 2,107.18
01/30/03 8104 108.76
01/30/03 8105 70.00
01/30/03 8106 150.00
01/30/03 8107 403.36
01/30/03 8108 24,867.40
01/30/03 8109 1,484.00
01/30/03 8110 50.00
01/30/03 8111 50.00
01/30/03 8112 50.00
01/30/03 8113 50.00
01/31/03 8115 10,000.00
01/31/03 8116 250.00
01/31/03 8117 250.00
01/31/03 8118 250.00
01/31/03 8119 250.00
01/31/03 8120 250.00
01/31/03 8121 250.00
01/31/03 8122 250.00
01/31/03 8123 8,000.00
01/31/03 8124 7,500.00
01/31/03 8125 10,000.00
01/31/03 8126 250.00
01/31/03 8127 250.00
01/31/03 8128 250.00
01/31/03 8129 250.00
01/31/03 8130 250.00
01/31/03 8131 250.00
01/31/03 8132 250.00
01/31/03 8133 250.00
127,653.28
-------------
Balance per Books @ 12/31/02 $ 5,059.95
=============
National City Disbursements Corp (127,653.28)
National City Disbursements Subs 132,713.23
-------------
$ 5,059.95
=============
NOTE: National City Lockbox, Investment and Euro Overnight
account book balances agree to bank balances.
FORM 6
MONTHLY STATEMENT OF COMPENSATION
---------------------------------
For the month ended January 31, 2003
The following is to be provided for each shareholder, officer, director,
manager, insider, or owner that is employed by the debtor in possession. ATTACH
ADDITIONAL PAGES IF NECESSARY.
Name: GEORGE HOFMEISTER Capacity: _______ Principal
_______ Officer
X Director
======= Insider
_______
Detailed Description of Duties: CHAIRMAN OF THE BOARD
Current Compensation Paid: Weekly or Monthly
NONE NONE
--------- --------------
Current Benefits Received: Weekly or Monthly
NONE NONE
--------- --------------
Health Insurance _________ _________
Life Insurance _________ _________
Retirement _________ _________
Company Vehicle _________ _________
Entertainment _________
--------------
Travel _________
--------------
Other Benefits _________
--------------
CURRENT TOTAL:
Weekly or Monthly
NONE NONE
--------- --------------
FORM 6
MONTHLY STATEMENT OF COMPENSATION
---------------------------------
For the month ended January 31, 2003
The following is to be provided for each shareholder, officer, director,
manager, insider, or owner that is employed by the debtor in possession. ATTACH
ADDITIONAL PAGES IF NECESSARY.
Name: JOSEPH DOMINIJANNI Capacity: _______ Principal
X Officer
-------
X Director
------- Insider
_______
Detailed Description of Duties: INTERIM PRESIDENT AND CEO TREASURER
Current Compensation Paid: Weekly or Monthly
_________ 25,000.00
-------------
Current Benefits Received: Weekly or Monthly
Health Insurance _________ -
Life & Disability Insurance _________ 405.78
---------
Retirement _________ -
Company Vehicle _________ 650.00
---------
Entertainment _________
-----------
Travel, Food, Lodging _________ 1,507.61
-----------
Other Benefits _________ 135.53 Computer supplies,
----------- XO Host( e-mail)
CURRENT TOTAL:
Weekly or Monthly
_________ 27,698.92
------------
FORM 6
MONTHLY STATEMENT OF COMPENSATION
---------------------------------
For the month ended January 31, 2003
The following is to be provided for each shareholder, officer, director,
manager, insider, or owner that is employed by the debtor in possession. ATTACH
ADDITIONAL PAGES IF NECESSARY.
Name: JONATHAN K. SCHOENIKE Capacity: _______ Principal
X Officer
------- Director
_______ Insider
Detailed Description of Duties: GENERAL COUNSEL AND SECRETARY
Current Compensation Paid: Weekly or Monthly
________ 13,333.34
----------------
Current Benefits Received: Weekly or Monthly
Health Insurance _________ -
Life & Disability Insurance _________ 143.78
----------------
Retirement _________ -
Company Vehicle _________ 450.00
----------------
Entertainment _________
Travel _________ 22.15
----------------
Other Benefits _________ 582.21 Cell phone;
---------------- Law Library Dues;
2003 OSBA seminar
CURRENT TOTAL:
Weekly or Monthly
_________ 14,531.48
--------------
FORM 6
MONTHLY STATEMENT OF COMPENSATION
---------------------------------
For the month ended January 31, 2003
The following is to be provided for each shareholder, officer, director,
manager, insider, or owner that is employed by the debtor in possession. ATTACH
ADDITIONAL PAGES IF NECESSARY.
Name: DOUGLAS J. THOMAS Capacity: _______ Principal
X Officer
------- Director
_______ Insider
Detailed Description of Duties: CHIEF FINANCIAL OFFICER
Current Compensation Paid: Weekly or Monthly
_________ 14,166.00
--------------
Current Benefits Received: Weekly or Monthly
Health Insurance _________ _________
Life Insurance _________ _________
Retirement _________ _________
Company Vehicle _________ _________
Entertainment _________
--------------
Travel, Food, Lodging _________ 1,704.25
--------------
Other Benefits _________
--------------
CURRENT TOTAL:
Weekly or Monthly
_________ 15,870.25
--------------
FORM 6
MONTHLY STATEMENT OF COMPENSATION
---------------------------------
For the month ended January 31, 2003
The following is to be provided for each shareholder, officer, director,
manager, insider, or owner that is employed by the debtor in possession. ATTACH
ADDITIONAL PAGES IF NECESSARY.
Name: DAVID J. WOLFE, JR. Capacity: _______ Principal
X Officer
------- Director
_______ Insider
Detailed Description of Duties: ASSISTANT GENERAL COUNSEL AND ASSISTANT SECRETARY
Current Compensation Paid: Weekly or Monthly
_________ 7,148.34
--------------
Current Benefits Received: Weekly or Monthly
Health Insurance _________ -
Life & Disability Insurance _________ 108.41
--------------
Retirement _________ -
Company Vehicle _________ 300.00
--------------
Entertainment _________
Travel _________
Other Benefits _________ 211.37 cell phone;
-------------- Bar Assoc. dues
CURRENT TOTAL:
Weekly or Monthly
_________ 7,768.12
--------------