EXHIBIT 99.1
Form 1
TRANSMITTAL OF FINANCIAL REPORTS AND CERTIFICATION OF COMPLIANCE WITH OPERATING
REQUIREMENTS FOR THE PERIOD ENDED: FEBRUARY 28, 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:
The Company has been unsuccessful in its attempts to
obtain property insurance for the two unoccupied
buildings owned by Forte, Inc. since January 15,
2003. 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 24, 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, Denver Window Company
f/k/a 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.
The Company sold one building owned by AWS Liquidation Company on February 28,
2003. The proceeds from the sale were placed in a Dreyfus Government Cash
Management Account with National City Bank.
The Company has been unsuccessful in its attempts to obtain property insurance
for the two unoccupied buildings owned by Forte, Inc. since January 15, 2003.
The fair values of these properties are negligible.
AMERICAN ARCHITECTURAL PRODUCTS CORPORATION
CASE # 00-43726 FORM 2
OPERATING STATEMENT
FOR THE MONTH ENDED FEBRUARY 28, 2003
AMERICAN BINNINGS DAVID
AMERICAN WEATHER-SEAL BUILDING WINDOW
GLASSMITH INC. COMPANY PRODUCTS COMPANY
-------------------------------------------------------
Net Sales $ - $ - $ - $3,773,160
Cost of Sales - - - 3,187,556
-------------------------------------------------------
Gross Profit - - - 585,604
Selling Expense - - - 375,153
General and Administrative Expenses - - - 182,232
-------------------------------------------------------
Income (Loss) from Operations - - - 28,219
Interest Expense, net - - - 10,789
Reorganization Costs - - - -
Other (Income) Expense - 59,419 (4,795) (356)
-------------------------------------------------------
Income (Loss) Before Taxes - (59,419) 4,795 17,786
Income Taxes - - - -
-------------------------------------------------------
Net Income (Loss) $ - $ (59,419) $ 4,795 $ 17,786
=======================================================
DENVER EAGLE WINDOW
EAGLE & 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 38,113 - - 1,547
------------------------------------------------------
Income (Loss) Before Taxes (38,113) - - (1,547)
Income Taxes - - - -
------------------------------------------------------
Net Income (Loss) $ (38,113) $ - $ - $ (1,547)
======================================================
FORTE, INC. CORPORATE
--------------------------
Net Sales $ - $ -
Cost of Sales - -
--------------------------
Gross Profit - -
Selling Expense - -
General and Administrative Expenses - 187,390
--------------------------
Income (Loss) from Operations - (187,390)
Interest Expense, net - -
Reorganization Costs - 225,376
Other (Income) Expense - (65,768)
--------------------------
Income (Loss) Before Taxes - (346,998)
Income Taxes - -
--------------------------
Net Income (Loss) $ - $(346,998)
==========================
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
CASE # 00-43726 FORM 3
Balance Sheets
FEBRUARY 28, 2003
AMERICAN
AMERICAN WEATHER-SEAL BINNINGS BUILDING DANVID WINDOW EAGLE & TAYLOR
GLASSMITH INC. COMPANY PRODUCTS COMPANY COMPANY
-------------- -------------- ----------------- ------------- --------------
ASSETS
Cash $ - $ (151) $ (578) $ 423,577 $ -
Accounts receivable -- Pre-petition - - - 681 -
Accounts receivable -- Post-petition - - 9,161 4,873,637 -
------------------------------------------------------------------------------
Gross Accounts receivable - - 9,161 4,874,318 -
Less: Allowance for Doubtful Accounts - - - (264,758) -
------------------------------------------------------------------------------
Net Accounts Receivable - - 9,161 4,609,560 -
Intercompany A/R-A/P - - - - 712,903
Inventories - - - 1,942,984 -
Prepaid expenses and other current assets - - - 141,611 8,990
------------------------------------------------------------------------------
TOTAL CURRENT ASSETS - (151) 8,583 7,117,732 721,893
Property, plant & equipment, net - 852,880 - 1,778,678 724,952
Deposits and other assets - - 1,502,640 959,975 -
------------------------------------------------------------------------------
TOTAL NON-CURRENT ASSETS - 852,880 1,502,640 2,738,653 724,952
------------------------------------------------------------------------------
$ - $ 852,729 $ 1,511,223 $ 9,856,385 $ 1,446,845
==============================================================================
LIABILITIES
Accounts payable -- Pre-petition $ 516,595 $ 1,842,994 $ 2,725,629 $ 1,143,195 $ 945,635
Accounts payable -- Post-petition - - 187,934 1,295,225 -
------------------------------------------------------------------------------
Total Accounts payable 516,595 1,842,994 2,913,563 2,438,420 945,635
Accrued expenses - Other 25,685 421,016 952,036 325,236 -
Accrued expenses - Payroll --
Post-petition - - - 319,496 -
Accrued expenses - warranty
obligations--current - - - - -
Current Portion of Long Term Debt - - - - -
Current portion of capital lease
obligations - - - 41,336 -
------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 542,280 2,264,010 3,865,599 3,124,488 945,635
Long-term capital lease obligations,
less current portion - - - 52,615 -
Intercompany investment 3,201,662 38,367,561 26,446,907 17,803,365 11,990,385
Intercompany payable/(receivable) (644,191) (10,250,019) 20,022,263 (1,042,997) (92,879,304)
Accrued warranty obligations, less
current portion - - - 1,020,137 -
Other liabilities - - - 1,248,146 -
------------------------------------------------------------------------------
TOTAL LONG-TERM LIABILITIES 2,557,471 28,117,542 46,469,170 19,081,266 (80,888,919)
------------------------------------------------------------------------------
TOTAL LIABILITIES 3,099,751 30,381,552 50,334,769 22,205,754 (79,943,284)
STOCKHOLDERS' EQUITY (DEFICIT)
Common stock, $.001 par, authorized
100,000 shares; - - - 765 2,000
Additional paid in capital - - - 1,008,849 -
Treasury stock - - - - -
Retained earnings (3,099,751) (29,528,823) (48,823,546) (13,358,983) 81,388,129
------------------------------------------------------------------------------
TOTAL STOCKHOLDERS' EQUITY (DEFICIT) (3,099,751) (29,528,823) (48,823,546) (12,349,369) 81,390,129
------------------------------------------------------------------------------
- $ 852,729 $ 1,511,223 $ 9,856,385 $ 1,446,845
==============================================================================
EAGLE WINDOW
DENVER WINDOW AND DOOR THERMETIC GLASS,
COMPANY CENTER INC. INC. FORTE, INC. CORPORATE
------------- ------------ --------------- ----------- ---------
ASSETS
Cash $ - $ - $ - $ - $ 52,505,277
Accounts receivable -- Pre-petition - - - -
Accounts receivable -- Post-petition - - - - 20,571
------------------------------------------------------------------------------
Gross Accounts receivable - - - - 20,571
Less: Allowance for Doubtful Accounts - - - - -
------------------------------------------------------------------------------
Net Accounts Receivable - - - - 20,571
Intercompany A/R-A/P (1,014,024) - - -
Inventories - - - - -
Prepaid expenses and other current assets - - - - 586,281
------------------------------------------------------------------------------
TOTAL CURRENT ASSETS (1,014,024) - - - 53,112,129
Property, plant & equipment, net - - - 200,000 1,331,783
Deposits and other assets - - - - 605,429
------------------------------------------------------------------------------
TOTAL NON-CURRENT ASSETS - - - 200,000 1,937,212
------------------------------------------------------------------------------
$(1,014,024) $ - $ - $ 200,000 $ 55,049,341
==============================================================================
LIABILITIES
Accounts payable -- Pre-petition $ 31,372 $ 502 $ 31,321 $ - $ 902,474
Accounts payable -- Post-petition - - - - 93,965
------------------------------------------------------------------------------
Total Accounts payable 31,372 502 31,321 - 996,439
Accrued expenses - Other - - 5,000 - 18,484,352
Accrued expenses - Payroll --
Post-petition - - - - 65,299
Accrued expenses - warranty
obligations--current - - - - -
Current Portion of Long Term Debt - - - - 132,500,000
Current portion of capital lease
obligations - - - - -
------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 31,372 502 36,321 - 152,046,090
Long-term capital lease obligations, less
current portion - - - - -
Intercompany investment 221,015 - 4,201,527 366,907 (105,926,487)
Intercompany payable/(receivable) - 3,219,382 6,434,185 17,363,855 57,776,220
Accrued warranty obligations, less
current portion - - - - -
Other liabilities - - - - -
------------------------------------------------------------------------------
TOTAL LONG-TERM LIABILITIES 221,015 3,219,382 10,635,712 17,730,762 (48,150,267)
------------------------------------------------------------------------------
TOTAL LIABILITIES 252,387 3,219,884 10,672,033 17,730,762 103,895,823
STOCKHOLDERS' EQUITY (DEFICIT)
Common stock, $.001 par, authorized
100,000 shares; - - - 484,601 1,661,466
Additional paid in capital - - - 5,276,329 6,934,698
Treasury stock - - - - (100,000)
Retained earnings (1,266,411) (3,219,884) (10,672,033) (23,291,692) (57,342,646)
------------------------------------------------------------------------------
TOTAL STOCKHOLDERS' EQUITY (DEFICIT) (1,266,411) (3,219,884) (10,672,033) (17,530,762) (48,846,482)
------------------------------------------------------------------------------
$(1,014,024) $ - $ - $ 200,000 $ 55,049,341
==============================================================================
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: FEBRUARY 28, 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: FEBRUARY 28, 2003
Schedule of Postpetition Taxes Payable
Beginning Accrued/ Payments/ Ending
Balance Withheld Deposits Balance
------- -------- -------- -------
Income taxes withheld:
Federal $ - $ 82,076 $ 82,076 $ -
State - - - -
Local - -
FICA withheld - 59,514 59,514 -
Employers FICA - 59,514 59,514 -
Unemployment tax:
Federal - 6,994 6,994 -
State 21,681 21,681 -
Sales, use & excise 91,436 71,865 91,436 71,865
Property tax - - - -
Other taxes - - - -
-----------------------------------------------------------------
Total $ 91,436 $301,644 $ 321,214 $ 71,865
=================================================================
Aging of accounts receivable and post-petition accounts payable
Age in days 0-30 30-60 Over 60 Total
---- ----- ------- -----
Post petition
accounts payable $ 511,319 $ - $ - $ 511,319
Accounts receivable $ 3,824,163 $902,584 $ 124,023 $4,850,770
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.
Monthly Summary of Operations Form 4
AMERICAN ARCHITECTURAL PRODUCTS CORPORATION -- CORPORATE
Period Ended: FEBRUARY 28, 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 $ 6,017 $ 2,190 $ 85,758 $ 93,965
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.
AMERICAN ARCHITECTURAL PRODUCTS CORP. Form 4
A/P AGING DETAIL
AS OF FEBRUARY 28,2003
DATE NAME OPEN BALANCE
------------ ------------------------------------- ------------
1 - 30
2/27/03 North Pittsburgh Telephone Company $ 163.52
2/27/03 Modern Office Products, Inc. 95.98
2/1/03 Tamcon 5,757.00
-----------
Total 1-30 6,016.50
31 - 60
12/2/02 Nadler Nadler & Burdman Co. 2,190.30 Will be paid upon confirmation
----------- and submission of final
Total 31 - 60 2,190.30 fee application
> 60
11/1/00 Ameritech 553.51 In dispute
1/12/01 ADP, Inc. 3,632.62 In dispute
9/5/01 American Commercial Holdings, Inc. 26,004.46 In dispute
12/16/02 Squire, Sanders & Dempsey LLP 7,958.40 Will be paid upon confirmation
Various dates Kramer Levin Naftalis & Frankel LLP 47,609.21 and submission of final
-----------
Total > 60 85,758.20 APPLICATION
-----------
TOTAL $ 93,965.00
===========
DANVID WINDOW COMPANY Form 5
Monthly Cash Statement Case Number 00-43726
For the month ending February 28, 2003
General Payroll Lockbox
---------- ----------- -----------
Beginning book balance $ (576,532) $ (1,468) $ 110,024
Receipts - - 3,911,725
Transfers received 2,961,400 1,066,938 -
--------------------------------------------------
Balance available 2,384,868 1,065,471 4,021,749
Disbursements (2,961,185) (1,066,368) -
Transfers sent - - (3,597,774)
--------------------------------------------------
Ending book balance $ (576,317) $ (897) $ 423,975
==================================================
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 21, 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: February 2003
Date General Payroll Lockbox
---- ------- ---------- ----------
1 $ - $ - $ -
2
3 240,298
4 51,202
5 144,797
6 124,245
7 142,382
8
9
10 328,965
11 308,953
12 508,234
13 63,644
14 239,668
15
16
17 398,886
18 101,204
19 50,276
20 216,328
21 176,210
22
23
24 301,792
25 20,722
26 40,857
27 162,624
28 290,437
-------------------------------------------------
Total $ - $ - $3,911,725
=================================================
DANVID WINDOW COMPANY Form 5
Case Number 00-43726
Daily Summary of Cash Disbursements for the month of: February 2003
Note: Disbursements equals checks written and other bank transfers.
Date General Payroll Lockbox
---- ------- ------- -------
1 $ - $ - $ -
2
3 59,966
4 135,771
5 43,432 276,844
6 185,188
7 259,527
8
9
10 81,462
11 45,779
12 41,755 269,620
13 171,969
14 707,084
15
16
17 78,230
18 54,737
19 8,907 257,379
20 115,494
21 416,294
22
23
24 46,962
25 27,628
26 3,507
27 80,872 262,525
28 396,622
-------------------------------------------------
Total $ 2,961,185 $1,066,368 $ -
=================================================
DANVID WINDOW COMPANY Form 5
Case Number 00-43726
Daily Summary of cash transfers for the month of February 2003
Disbursements from:
Date General Payroll Lockbox
- ----- ------- ------- -----------
1 $ - $ - $ -
2
3 110,274
4 243,706
5 51,265
6 147,625
7 124,394
8
9
10 146,258
11 331,811
12 308,953
13 508,234
14 64,488
15 -
16 -
17 -
18 639,566
19 108,335
20 50,276
21 216,570
22 -
23 -
24 176,295
25 -
26 325,298
27 34,014
28 10,416
-------------------------------------
Total $ - $ - $ 3,597,774
=====================================
DANVID WINDOW COMPANY Form 5
Case Number 00-43726
Daily Summary of cash transfers for the month of February 2003
Disbursements to:
Date General Payroll Lockbox
- ---- ------- ------- -------
1
2
3 126,288
4 140,372
5 276,847 276,911
6 208,167
7 24,710
8
9
10 38,825
11 211,776
12 229,266 269,686
13 141,965
14 12,240
15
16
17
18 219,413
19 351,864 257,484
20 378,973
21 226,854
22
23
24 42,210
25 24,441
26 126,627 262,858
27 101,370
28 79,194
-----------------------------------------
Total $ 2,961,400 $ 1,066,938 $ -
=========================================
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 FEBRUARY 28, 2003
Beginning Disbursements Deposits Transfers Ending
------------- -------------- -------- -------------- -------------
Bank
Per bank $ - $(2,961,399.90) $ 2,961,399.90 $ -
Prior O/S checks (598,626.40) 598,626.40 -
Current O/S checks (576,317.28) (576,317.28)
-
---------------------------------------------------------------------------------
Adjusted bank balance $ (598,626.40) $(2,939,090.78) $ - $ 2,961,399.90 $ (576,317.28)
=================================================================================
General ledger
Per ledger
Balance acct 1010 $ (598,211.51) $(2,324,305.25) $ 2,346,199.48 $ (576,317.28)
Balance acct 1011 21,679.64 (636,880.06) 615,200.42 -
---------------------------------------------------------------------------------
Total general ledger balance (576,531.87) (2,961,185.31) - 2,961,399.90 (576,317.28)
ACCT 1010 REC ITEMS
UPS 01/31/03 (414.89) 414.89 -
ACCT 1011 REC ITEMS
PPG 1/30/03 (21,679.64) 21,679.64 -
---------------------------------------------------------------------------------
Adjusted ledger balance $ (598,626.40) $(2,939,090.78) $ - $ 2,961,399.90 $ (576,317.28)
=================================================================================
DANVID WINDOW COMPANY Form 5
BANK RECONCILIATION - #1390059896 Case No 00-43726
PAYROLL ACCOUNT ACCT #1020
FOR THE MONTH ENDED FEBRUARY 28, 2003
BEGINNING CHECKS DEPOSITS WIRES/OTHER ENDING
------------ --------------- -------------- ------------- ------------
Bank
Per bank - 13900059896 $ 187,150.06 $ (1,090,272.71) $ 1,068,644.85 $ 165,522.20
Prior O/S checks (189,271.64) 189,271.64 -
Current O/S checks (166,893.54) (166,893.54)
ADP tax withdrawals 257,615.54 (257,615.54) -
ADP garnishment withdrawals 5,344.16 (5,344.16) -
ADP fee withdrawals 7,124.26 (7,124.26) -
Bank fees 956.23 (956.23) -
Direct Deposits 136,371.10 (136,371.10) -
----------------------------------------------------------------------------------------
Adjusted bank balance $ (2,121.58) $ (660,483.32) $ 1,068,644.85 $ (407,411.29) $ (1,371.34)
========================================================================================
General ledger
Per ledger $ (1,467.55) $ (660,483.32) $ 1,066,938.38 $ (405,884.45) $ (896.94)
Check #2136 NR (654.03) (654.03)
Deposit 02/28/03 1,706.47 1,706.47
January Bank Fee (956.23) (956.23)
wk 6 Employee Loan (67.14) (67.14)
wk 7 payroll diff 1.00 1.00
wk 7 Employee Loan (67.14) (67.14)
wk 8 Employee Loan (104.59) (104.59)
wk 9 Employee Loan (332.65) (332.65)
Check #2135 diff 0.01 0.01
Check #2125 diff (0.10) (0.10)
----------------------------------------------------------------------------------------
Adjusted ledger balance $ (2,121.58) $ (660,483.32) $ 1,068,644.85 $ (407,411.29) $ (1,371.34)
========================================================================================
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 FEBRUARY 28, 2003
Beginning Disbursements Deposits Transfers Ending
----------- ------------- -------------- -------------- -----------
Per bank $ - $ 3,563,848.77 $(3,563,848.77) $ -
Prior deposits in transit -
02/01/2003 -
109,356.55 (109,356.55) -
-
Current deposits in transit 431,152.16 431,152.16
02/28/03 -
-------------------------------------------------------------------------------
Adjusted bank balance $109,356.55 $ - $ 3,885,644.38 $(3,563,848.77) $431,152.16
===============================================================================
General ledger
Per ledger $110,023.55 $ 3,877,799.84 $(3,563,848.77) $423,974.62
Interim Acct 10/7/02 #10067 Bk. Error (600.00) 600.00 -
Williams Buildg Supp. #3173 Bk.error (67.00) (67.00)
84 Lumber0 2/24/03 84.46 84.46
84 Lumber 02/28/03 10,380.51 10,380.51
KevinStack #670 2/4/03 NSF (63.29) (63.29)
Millennium Home Bldrs #10978 2/25/03 NSF (2,868.00) (2,868.00)
Millennium Home Bldrs #10978 2/26/03 NSF (289.14) (289.14)
-------------------------------------------------------------------------------
-
Adjusted ledger balance $109,356.55 $ - $ 3,885,644.38 $(3,563,848.77) $431,152.16
===============================================================================
Unreconciled difference $ - $ - $ - $ - $ -
===============================================================================
AMERICAN ARCHITECTURAL PRODUCTS CORPORATION -- CORPORATE Form 5
MONTHLY CASH STATEMENT Case Number 00-43726
FOR THE MONTH ENDED FEBRUARY 28, 2003
NATIONAL CITY NATIONAL CITY NATIONAL CITY EURO
DISBURSEMENT LOCKBOX DISBURSEMENT INVESTMENT OVERNIGHT
------------- --------- ------------- -------------- -------------
BEGINNING BOOK BALANCE $ (127,653) $ - $ 132,713 $ 51,572,890 $ 1,603,000
ADJUSTMENT - - - - -
RECEIPTS - 4,522,956 1,419 44,652 -
TRANSFERS RECEIVED 377,992 - 5,187,956 - -
------------------------------------------------------------------------------
BALANCE AVAILABLE 250,339 4,522,956 5,322,088 51,617,541 1,603,000
DISBURSEMENTS (350,981) - (5,272,370) - -
TRANSFERS SENT - (4,522,956) - (1,400,000) 735,000
------------------------------------------------------------------------------
ENDING BOOK BALANCE $ (100,642) $ - $ 49,717 $ 50,217,541 $ 2,338,000
==============================================================================
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 20, 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 February 2003
EURO NATIONAL CITY
DATE DISBURSEMENT LOCKBOX INVESTMENT INVESTMENT
- ---- ------------ ------- ---------- -------------
1 $ - $ - $ - $ -
2
3 110,274
4 296,614
5 66,167
6 147,625
7 124,394
8
9
10 165,320
11 332,437
12 312,282
13 517,484
14 64,591
15
16
17
18 647,004
19 108,335
20 50,276
21 216,570
22
23
24 277,992
25
26 338,036
27 34,014
28 713,543
29
30
31
Interest 1,419 44,652
Net Deposits
----------------------------------------------------------
Total $ - $4,522,956 $ 1,419 $ 44,652
==========================================================
AMERICAN ARCHITECTURAL PRODUCTS CORPORATION -- CORPORATE CASE NUMBER Form 5
Case Number 00-43726
Daily Summary of Cash Disbursements for the month of February 2003
Note: Disbursements equal checks written and other payments to vendors.
NATIONAL CITY NATIONAL CITY
DATE CHECKS LOCKBOX INVESTMENT DISBURSEMENT
---- ------ ------- ---------- ------------
1 $ - $ - $ - $ -
2
3 50 126,424
4 172,373
5 657,866
6 250,614
7 17,385 51,365
8 96,171
9 264,624
10 499,521
11 152,619
12 12,384
13 749,752
14 60,972 623,442
15 382,891
16 231,261
17 163,011
18 38,581
19 548,638
20 114,728
21 212,216 79,445
22
23
24
25
26
27 5,841
28 54,516
29
30
31
UPS
NSF Checks 53,922
Analysis charge 2,738
---------------------------------------------------
Total $350,981 $ - $ - $ 5,272,370
===================================================
AMERICAN ARCHITECTURAL PRODUCTS CORPORATION -- CORPORATE Form 5
Case Number 00-43726
Daily Summary of cash transfers for the month of February 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
3 110,274
4 296,614 300,000
5 66,167
6 147,625 500,000
7 124,394
8
9
10 165,320
11 332,437
12 312,282
13 517,484
14 64,591
15
16
17
18 647,004
19 108,335
20 50,276 300,000
21 216,570
22
23
24 277,992
25
26 338,036 300,000
27 34,014
28 713,543
29
30
31
To Disbursement account
Interest
Adj for Euro month end difference (735,000)
To Investment Account
-------------------------------------------------------------------------
Total $ - $ 4,522,956 $1,400,000 $(735,000) $ -
=========================================================================
AMERICAN ARCHITECTURAL PRODUCTS CORPORATION -- CORPORATE Form 5
Case Number 00-43726
Daily Summary of cash transfers for the month of February 2003
Note: Transfers represent funds transferred from/to other Bank Accounts
TRANSFERRED TO: NATIONAL CITY EURO NATIONAL CITY
DATE DISBURSEMENT LOCKBOX INVESTMENT OVERNIGHT DISBURSEMENT
---- ------------ ------- ---------- --------- ------------
1 $ - $ - $ - $ - $ -
2
3 87 110,274
4 8,488 296,614
5 41,728 366,167
6 41,745 647,625
7 26,655 124,394
8
9
10 860 165,320
11 8,368 332,437
12 570 312,282
13 10,654 517,484
14 144 64,591
15
16
17
18 1,692 647,004
19 7,501 108,335
20 3,918 350,276
21 4,406 216,570
22
23
24 47,019 277,992
25 3,109
26 159,153 638,036
27 11,643 34,014
28 251 713,543
29
30
31
From Investment Account
Interest
Adj for Euro month-end difference (735,000)
To investment account
-----------------------------------------------------------------------
Total $ 377,992 $ - $ - $ - $ 5,187,956
=======================================================================
AMERICAN ARCHITECTURAL PRODUCTS CORPORATION -- CORPORATE Form 5
MONTHLY BANK RECONCILIATION - NATIONAL CITY DISBURSEMENT ACCOUNT
FEBRUARY 28, 2003 Case Number 00-43726
Balance per Bank $ 49,717.26
Less: Outstanding Checks
01/24/03 8056 1,062.84
02/14/03 8156 31,397.28
02/14/03 8162 477.00
02/14/03 8171 1,843.00
02/21/03 8178 642.33
02/21/03 8183 1,305.99
02/21/03 8190 4,190.50
02/21/03 8194 94.00
02/27/03 8198 5,841.47
02/28/03 8199 269.50
02/28/03 8200 1,801.00
02/28/03 8201 229.25
02/28/03 8202 7.00
02/28/03 8203 50.50
02/28/03 8204 12,405.76
02/28/03 8205 1,000.12
02/28/03 8206 1,003.79
02/28/03 8207 1,652.44
02/28/03 8208 1,867.83
02/28/03 8209 31,745.00
02/28/03 8210 1,121.27
02/28/03 8211 234.54
02/28/03 8212 399.70
100,642.11
------------
Balance per Books @ 2/28/03 $ (50,924.85)
============
National City Disbursements Corp (100,642.11)
National City Disbursements Subs 49,717.26
------------
$ (50,924.85)
============
Note: National City Lockbox, Investment and Euro Overnight account book balances
agree to bank balances.
FORM 6
MONTHLY STATEMENT OF COMPENSATION
----------------------------------------------------
For the Period : February 1 thru February 28, 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: NONE Weekly or Monthly
________ _________
Current Benefits Received: NONE Weekly or Monthly
Health Insurance ________ _________
Life Insurance ________ _________
Retirement ________ _________
Company Vehicle ________ _________
Entertainment ________ _________
Travel ________ _________
Other Benefits ________ _________
CURRENT TOTAL: NONE
Weekly or Monthly
________ _________
Dated: _________ ___________ ____________ ____________
Principal, Officer, Director, Insider
FORM 6
MONTHLY STATEMENT OF COMPENSATION
----------------------------------------------------
For the Period : February 1 thru February 28, 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 ________ 852.01
------------------
Travel, Food, Lodging ________ 58.43
------------------
Other Benefits ________ 156.91 Phone, Fax, XO Host(e-mail)
------------------
CURRENT TOTAL:
Weekly or Monthly
________ 27,123.13
------------------
Dated: _________ ___________ ____________ ____________
Principal, Officer, Director, Insider
FORM 6
MONTHLY STATEMENT OF COMPENSATION
--------------------------------------------------
For the Period : February 1 thru February 28, 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 ________ 38.85
------------------
Travel, Food, Lodging ________ __________________
Other Benefits ________ 227.21 cell phone, Mahoning Country Bar Assoc. dues
------------------
CURRENT TOTAL:
Weekly or Monthly
________ 27,123.13
------------------
Dated: _________ __________ ____________ ______________
Principal, Officer, Director, Insider
FORM 6
MONTHLY STATEMENT OF COMPENSATION
--------------------------------------------------
For the Period : February 1 thru February 28, 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 ________ 2,139.22
------------------
Other Benefits ________ __________________
CURRENT TOTAL:
Weekly or Monthly
________ 16,305.22
------------------
Dated: _________ ___________ ____________ ____________
Principal, Officer, Director, Insider
FORM 6
MONTHLY STATEMENT OF COMPENSATION
--------------------------------------------------
For the Period : February 1 thru February 28, 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, Food, Lodging ________ 1,244.82
------------------
Other Benefits ________ 61.17 cell phone,
------------------
CURRENT TOTAL:
Weekly or Monthly
________ 8,862.74
------------------
Dated: _________ __________ ____________ ______________
Principal, Officer, Director, Insider