1
Exhibit 99a
POWERTEL USA, INC.
97-30265
CHAPTER 11
MONTHLY OPERATING REPORT
APRIL 1997
The Trustee is filing an incomplete Monthly Operating Report due to the lack of
complete records. The former officers of PowerTel, USA. Inc. have not cooperated
with the Trustee by providing the necessary information. The Books and Records
are missing. Therefore, it is impossible for the Trustee to file a complete
Monthly Operating Report.
/s/ Barry L. Solomon
------------------------------------
BARRY L. SOLOMON, TRUSTEE
2
INCOME STATEMENT
(Accrual Basis)
(Month/Year)
4/97
Current Year to
Month Date
------- -------
Income $40.00 $40.00
Cost of Goods Sold
Beginning Inventory $ $
Inventory Purchases $ $
Ending inventory $ $
Total Costs of Goods Sold $40.00 $40.00
Operating Expenses
Salaries and Wages $ $
Employee Benefits $ $
Equipment Lease Payments $ $
Rent $ $
Secured Debt Payments $ $
Utilities $ $
Telephone $ $
Repairs & Maintenance $ $
Misc $ $
Advertising $ $
Travel & Entertainment $ $
Professional Fees $ $
Depreciation $ $
Insurance: Liability $ $
Property $ $
Vehicle $ $
Worker's Compensation $ $
Other $ $
Taxes: Payroll $ $
Sales $ $
Income $ $
Real Property $ $
Personal Property $ $
Total Operating Expenses $ -0- $40.00
Total Profit (Loss) from Operations $40.00 $40.00
Other Income (Expense) $ $
Gain (Loss) on Sale of Assets $ $
Interest Expense $ $
Interest Income $ .08 $ .08
Dividend income $ $
Total $ .08 $ .08
Total Profit (Loss) for Month $40.08 $40.08
(FORM NO. 2)
3
INCOME STATEMENT
Schedule of Professional Fees
Current Prepayment
Fees Balance
Accrued (If any)
Name of Professional:
Attorneys:
Accountants:
Other:
4
CASH FLOW STATEMENT
(Month/Year)
4/97
Projected
Current For current
Month Month
------- -----------
Receipts:
Sales (Cash Only) $ 40.00 $
Collections of Accounts Receivable $ $
Other Income $ .08 $
Total Receipts $ 40.08 $
Disbursements:
Purchases and Inventory $ $
Salaries and Wages $ $
Employee Benefits $ $
Equipment Lease Payments $ $
Rent $ $
Secured Debt Payments $ $
Utilities $ $
Telephone $ $
Repairs & Maintenance $ $
Misc. Office Expense $ $
Advertising $ $
Travel & Entertainment $ $
Professional Fees $ $
Depreciation $ $
Insurance: Liability $ $
Property $ $
Vehicle $ $
Worker's Compensation $ $
Other $ $
Taxes: Payroll $ $
Sales $ $
Income $ $
Real Property $ $
Personal Property $ $
Total Disbursements $ $
Cash Flow $ 40.08 $
(FORM NO. 3)
5
RECAPITULATION
4/97
Balance from Prior Month
General Account $ -0-
Bank CHASE
Branch New York
Account #:
Payroll Account $
Bank
Branch
Account #
Tax Account $
Bank
Branch
Account #
Balance to Carry Forward to Next Month
General Account $ 40.08
Payroll Account: $
Tax Account: $
(FORM NO. 3)
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PROJECTED CASH FLOW STATEMENT
(Month/Year)
Next Following
Month Month
Projected Receipts:
Sales (Cash Only) $____________ $____________
Collections of Accounts Receivable $____________ $____________
Other Income $____________ $____________
Total Projected Receipts: $____________ $____________
Projected Disbursements:
Purchase and Inventory $____________ $____________
Salaries and Wages $____________ $____________
Employee Benefits $____________ $____________
Equipment Lease Payments $____________ $____________
Rent $____________ $____________
Secured Debt Payments $____________ $____________
Utilities $____________ $____________
Telephone $____________ $____________
Repairs & Maintenance $____________ $____________
Misc. Office Expense $____________ $____________
Advertising $____________ $____________
Travel & Entertainment $____________ $____________
Professional Fees $____________ $____________
Depreciation $____________ $____________
Insurance: Liability $____________ $____________
Property $____________ $____________
Vehicle $____________ $____________
Workers' Compensation $____________ $____________
Other _____________________ $____________ $____________
Taxes: Payroll $____________ $____________
Sales $____________ $____________
Income $____________ $____________
Real Property $____________ $____________
Personal Property $____________ $____________
Total Projected Disbursements $____________ $____________
Projected Cash Flow $____________ $____________
(FORM NO. 4)
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BALANCE SHEET
(Month/Year)
4/97
Assets
Current Assets:
Cash $ 40.08
Accounts Receivable $
Allowance for Doubtful
Accounts $
Accounts Receivable (Net) $
Inventory $
Prepaid Expenses $
Total Current Assets $ 40.08
Property and Equipment (Fair Market Value)
Real Property $
Machinery and Equipment $
Furniture and Fixtures $
Office Equipment $
Leasehold Improvements $
Vehicles $
Other $
Total Property and Equipment -0-
Total Assets: $ 40.08
(FORM NO. 5)
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LIABILITIES
4/97
Postpetition Liabilities (Accrued and Unpaid)
Salaries & Wages $
Payroll Taxes $
Sales Taxes $
Income Taxes $
Real Property Taxes $
Personal Property Taxes $
Accounts Payable $
Postpetition Real Property
Lease Arrearages $
Postpetition Equipment
Lease Arrearages $
Accrued Professional Fees
Other $
$
Total Postpetition Liabilities $ -0-
Prepetition Liabilities
Priority Debt $
Secured Debt $
Unsecured Debt $
Total Prepetition Liabilities $ -0-
Shareholder's Equity
Common Stock $
Paid-In Capital $
Retained Earnings $ 40.08
Total Shareholder's Equity $ 40.08
Total Liabilities & Equity $ 40.08
(FORM NO. 5)
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MONTHLY QUESTIONNAIRE
I. Accounts Payable and Receivable Aging:
Attach an Accounts Payable and Receivable Aging Schedule, identifying in
chronological (or reverse chronological) order every debt which came due after
the commencement of the bankruptcy case but has not been paid, and specifying
the creditor by name and address, the nature of the debt (e.g., rent,
advertising, wages, etc.), the amount owed and the date on which the obligation
came due. Provide summary information below for both accounts payable and
accounts receivable:
Accounts Payable Accounts Receivable
Less Than 31 Days Past Due ________________ ________________
31 to 60 Days Past Due ________________ ________________
61 to 90 Days Past Due ________________ ________________
91 to 120 Days Past Due ________________ ________________
Over 120 Days Past Due ________________ ________________
II. Payments to Secured Creditors and Lessors:
Identify every secured Creditor and lessor by name and address, and provide the
requested information. Where there is a postpetition stipulation or court order
governing the creditor's treatment, respond on the basis of that stipulation or
order; otherwise, respond on the basis of the prepetition contract or lease.
Post Petitions Payments
Made Missed
Payment Periodic Date of
Creditor Name Period Payment Last
Amount (mo/wk) Amount Payment # Amt. # Amt.
(FORM NO. 6)
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MONTHLY QUESTIONNAIRE
Page 2
III.TAX LIABILITY
Gross Payroll Expense for Report Month: $
Gross Sales Subject to Sales Tax for Report Month $
Postpetition Taxes
Date Paid Amount Paid Due But Not Paid Accrued But Not Due
Federal Payroll & Withholding
State Payroll & Withholding
State Sales & Use
IV. INSURANCE COVERAGE
Policy
Carrier/ Amount of Expiration Policy Paid
Agent Name Coverage Date Through Date
Worker's Compensation Liability
Fire & Extended Coverage
Property
Theft
Vehicle
Life (Beneficiary):
Other (specify):
V. Postpetition Payments
A. Has the Debtor made any payments outside of the ordinary course of
business to any officers, shareholders, directors, other principals or
insider-employees or to professionals without specific authorization under a
Bankruptcy Court order?
If the answer is yes, identify each person paid, the date and amount of such
payment(s) and the basis for each such payment.
B. Has the Debtor, following the commencement of the bankruptcy case, made
any payments on account of prepetition unsecured debts, except as
specifically authorized by the Bankruptcy Court?
If the answer is yes, identify each person paid, the date and amount of such
payment(s) and the basis for each such payment.
VI. Narrative
Provide a brief narrative report of any significant events outside of the
ordinary course of business which occurred during the Report Month:
(FORM NO. 6)
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MONTHLY QUESTIONNAIRE
Page 3
VII. U.S. Trustee Fees
Total Total Quarterly
Quarter Disbursement Quarterly Amount Date Fees Due But
Ending During Quarter Fee Paid Paid Not Paid
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DATE SUBMITTED: 06/26/97 PAGE 1
FORM 2
ESTATE CASH RECEIPTS AND DISBURSEMENTS RECORDS
CASE : 97-30265 G POWERTEL USA, INC. TRUSTEE : BARRY L. SOLOMON (480141)
TAXPAYER I.D. : 84-0897771, DEPOSITORY : CHEMICAL BANK
DATE FILED : 02/26/97 ACCOUNT : 312731324365 - MONEY MARKET ACCOUNT
PERIOD ENDING : 01/01/00 - 05/31/97 BOND AMOUNT : BLANKET BOND
- ---------------------------------------------------------------------------------------------------------------------------------
TANS. {REF #}/ MONEY MARKET
DATE CHECK # PAID TO/RECEIVED FROM DESCRIPTION OF TRANSACTION MEMO RECEIPTS DISBURSEMENTS BALANCE
- ---------------------------------------------------------------------------------------------------------------------------------
03/28/97 SMITH, KATZENSTEIN & FURLOW CERTIFICATES OF STOCK 40.00 40.00
OWNERSHIP
04/30/97 THE CHASE MANHATTAN BANK Interest posting from THE CHASE 0.08 40.08
MANHATTAN BANK on 4/30/97
Current Interest Rate is 2.6000%
05/29/97 {1} BANK OF AMERICA CLOSE BANK ACCOUNTS 11.42 51.50
05/30/97 THE CHASE MANHATTAN BANK Interest posting from THE CHASE 0.08 51.58
MANHATTAN BANK on 05/30/97;
Current Interest Rate is 2.6000%
------ ----- -----
ACCOUNT TOTALS: $51.58 $0.00 $51.58
Less Bank Transfers: $ 0.00 $0.00
------ -----
NET RECEIPTS/DISBURSEMENTS: $51.58 $0.00
CASE TOTALS: $51.58 $0.00 $51.58
Less Bank Transfers $ 0.00 $0.00
------ -----
NET RECEIPTS/DISBURSEMENTS: $51.58 $0.00
Gross Receipts: $51.58
Less Payments to Debtor: $ 0.00
------
Net Estates: $51.58
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DATE SUBMITTED: 06/26/97 PAGE 1
FORM 2
ESTATE CASH RECEIPTS AND DISBURSEMENTS RECORDS
CASE : 97-30265 A SAN JACINTO POWER CORP TRUSTEE : BARRY L. SOLOMON (480141)
TAXPAYER I.D. : 88-0309701, DEPOSITORY : CHEMICAL BANK
DATE FILED : 02/26/97 ACCOUNT : 312750667865 - MONEY MARKET ACCOUNT
PERIOD ENDING : 01/01/00 - 05/31/97 BOND AMOUNT : BLANKET BOND
- ------------------------------------------------------------------------------------------------------------------------------------
TANS. {REF #}/ MONEY MARKET
DATE CHECK # PAID TO/RECEIVED FROM DESCRIPTION OF TRANSACTION MEMO RECEIPTS DISBURSEMENTS BALANCE
- ------------------------------------------------------------------------------------------------------------------------------------
05/06/97 SOUTHERN CALIFORNIA EDISON PURCHASED 330,000 KWH OF 5,919.31 5,919.31
P O BOX 700 ENERGY 3-1-97 TO 4-1-97
ROSEMEAD, CA 91770
05/16/97 101 DESERTRON ELECTRIC, INC CONTRACT -2,500.00 3,419.31
P O BOX 1060
N PALM SPRINGS, CA 92258-1060
05/27/97 102 CONTRACTORS CRANE SERVICES, LLC REPAIRS -210.00 3,209.31
P O BOX 1156
N PALM SPRINGS, CA 92258
05/30/97 THE CHASE MANHATTAN BANK Interest posting from THE CHASE 8.53 3,217.84
MANHATTAN BANK on 05/30/97;
Current Interest Rate is 2.6000%
---- --------- ---------- ---------
ACCOUNT TOTALS: $5,927.84 $-2,710.00 $3,217.84
Less Bank Transfers: $ 0.00 $ 0.00
--------- ----------
NET RECEIPTS/DISBURSEMENTS: $5,927.84 $-2,710.00
CASE TOTALS: $5,927.84 $-2,710.00 $3,217.84
Less Bank Transfers $ 0.00 $ 0.00
--------- ----------
NET RECEIPTS/DISBURSEMENTS: $5,927.84 $-2,710.00
Gross Receipts: $5,927.84
Less Payments to Debtor: $ 0.00
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Net Estates: $5,927.84