UNITED STATES BANKRUPTCY COURT
DISTRICT OF DELAWARE
In re: The Great Train Store Company Case No. 00-01301 (RRM)
Debtor Reporting Period: Jul-00
MONTHLY OPERATING REPORT
File with Court and submit copy to United States Trustee within 20 days after
end of month
Submit copy of report to any official committee appointed in the case.
Document Explanation
REQUIRED DOCUMENTS Form No. Attached Attached
- --------------------------------------------------------------------------------
Schedule of Cash Receipts
and Disbursements MOR-1 Attached
- --------------------------------------------------------------------------------
Bank Reconciliation (or
copies of Debtor's bank
reconciliations) MOR-1(CONT) Attached
- --------------------------------------------------------------------------------
Copies of bank statements Attached
- --------------------------------------------------------------------------------
Cash disbursements journals N/A
- --------------------------------------------------------------------------------
Statement of Operations MOR-2 Attached
- --------------------------------------------------------------------------------
Balance Sheet MOR-3 Attached
- --------------------------------------------------------------------------------
Status of Postpetition Taxes MOR-4 N/A
- --------------------------------------------------------------------------------
Copies of IRS Form 6123
or payment receipt N/A
- --------------------------------------------------------------------------------
Copies of tax returns filed
during reporting period N/A
- --------------------------------------------------------------------------------
Summary of Unpaid Postpetition
Debts MOR-4 N/A
- --------------------------------------------------------------------------------
Listing of aged accounts payable N/A
- --------------------------------------------------------------------------------
Accounts Receivable Reconciliation
and Aging MOR-5 N/A
- --------------------------------------------------------------------------------
Debtor Questionnaire MOR-5 Included
- --------------------------------------------------------------------------------
I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and
the attached documents are true and correct to the best of my knowledge and
belief.
/s/ Cheryl A. Taylor 10/10/2000
- -------------------------------------- Date
Signature of Debtor
10/10/2000
- -------------------------------------- Date
Signature of Joint Debtor
/s/ Cheryl A. Taylor 10/10/2000
- -------------------------------------- Date
Signature of Authorized
Individual*
Cheryl A. Taylor Vice President - Finance & Administration
- -------------------------------------- Title of Authorized Individual
Printed Name of Authorized Individual
* Authorized individual must be an officer, director or shareholder if Debtor is
a corporation; a partner if Debtor is a partnership; a manager if Debtor is a
limited liability company.
In re: The Great Train Store Company Case No. 00-01301 (RRM)
Debtor Reporting Period: Jul-00
SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS
CUMULATIVE FILING TO DATE
- --------------------------------------------------------------------------------------------------------------
Merrill Lynch ACTUAL PROJECTED ACTUAL PROJECTED
- --------------------------------------------------------------------------------------------------------------
CASH BEGINNING
OF MONTH 754.55 - - - 754.55
- ----------------------------------------------------------------------------------------------------------
RECEIPTS
- ----------------------------------------------------------------------------------------------------------
CASH SALES -
- ----------------------------------------------------------------------------------------------------------
ACCOUNTS RECEIVABLE -
- ----------------------------------------------------------------------------------------------------------
LOANS AND ADVANCES -
- ----------------------------------------------------------------------------------------------------------
SALE OF ASSETS -
- ----------------------------------------------------------------------------------------------------------
OTHER (ATTACH LIST) 3.70 3.70
- ----------------------------------------------------------------------------------------------------------
TRANSFERS
(FROM DIP ACCTS) -
- ----------------------------------------------------------------------------------------------------------
-
- ----------------------------------------------------------------------------------------------------------
TOTAL RECEIPTS 3.70 - - - 3.70
- ----------------------------------------------------------------------------------------------------------
DISBURSEMENTS
- ----------------------------------------------------------------------------------------------------------
NET PAYROLL -
- ----------------------------------------------------------------------------------------------------------
PAYROLL TAXES -
- ----------------------------------------------------------------------------------------------------------
SALES, USE &
OTHER TAXES -
- ----------------------------------------------------------------------------------------------------------
INVENTORY PURCHASES -
- ----------------------------------------------------------------------------------------------------------
SECURED/RENTAL/LEASES -
- ----------------------------------------------------------------------------------------------------------
INSURANCE -
- ----------------------------------------------------------------------------------------------------------
ADMINISTRATIVE -
- ----------------------------------------------------------------------------------------------------------
SELLING -
- ----------------------------------------------------------------------------------------------------------
OTHER
(ATTACH LIST) - -
- ----------------------------------------------------------------------------------------------------------
-
- ----------------------------------------------------------------------------------------------------------
OWNER DRAW* -
- ----------------------------------------------------------------------------------------------------------
TRANSFERS (TO DIP ACCTS) -
- ----------------------------------------------------------------------------------------------------------
-
- ----------------------------------------------------------------------------------------------------------
PROFESSIONAL FEES -
- ----------------------------------------------------------------------------------------------------------
U.S. TRUSTEE QUARTERLY FEES -
- ----------------------------------------------------------------------------------------------------------
COURT COSTS -
- ----------------------------------------------------------------------------------------------------------
TOTAL
DISBURSEMENTS - - - - -
- ---------------------------------------------------------------------------------------------------------
NET CASH FLOW 3.70 - - - 3.70
(RECEIPTS LESS
DISBURSEMENTS)
- ----------------------------------------------------------------------------------------------------------
CASH - END
OF MONTH 758.25 - - - 758.25
- ----------------------------------------------------------------------------------------------------------
THE FOLLOWING SECTION MUST BE COMPLETED
DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY
FEES: (FROM CURRENT MONTH ACTUAL COLUMN)
- ----------------------------------------------------------------------------------------------------------
TOTAL DISBURSEMENTS -
- ----------------------------------------------------------------------------------------------------------
LESS: TRANSFERS TO DEBTOR IN POSSESSION -
ACCOUNTS
- ----------------------------------------------------------------------------------------------------------
PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE -
SOURCES (ie from escrow accounts)
- ----------------------------------------------------------------------------------------------------------
TOTAL DISBURSEMENTS FOR CALCULATING U.S. -
TRUSTEE QUARTERLY FEES --------------------------
In re: The Great Train Store Company Case No. 00-01301 (RRM)
Debtor Reporting Period: Jul-00
BANK RECONCILIATIONS
Continuation Sheet for MOR-1
A bank reconciliation must be included for each bank account. The debtor's bank
reconciliations may be substituted for this page
Merrill
Lynch
- --------------------------------------------------------------------------------
BALANCE PER BOOKS 758.25 - - -
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
BANK BALANCE 758.25 - - -
- --------------------------------------------------------------------------------
(+) DEPOSITS IN TRANSIT - -
- --------------------------------------------------------------------------------
(-) OUTSTANDING CHECKS - -
- --------------------------------------------------------------------------------
OTHER - - -
- --------------------------------------------------------------------------------
ADJUSTED BANK BALANCE 758.25 - - -
- --------------------------------------------------------------------------------
*Adjusted Bank Balance must -
equal balance per books
- --------------------------------------------------------------------------------
DEPOSITS
IN TRANSIT Date Amount Date Amount Date Amount Date Amount
----------------------------------------------------------------------
----------------------------------------------------------------------
----------------------------------------------------------------------
----------------------------------------------------------------------
----------------------------------------------------------------------
----------------------------------------------------------------------
CHECKS
OUTSTANDING Ch# Amount Ch# Amount Ch# Amount Ch# Amount
---------------------------------------------------------------------
---------------------------------------------------------------------
---------------------------------------------------------------------
---------------------------------------------------------------------
---------------------------------------------------------------------
---------------------------------------------------------------------
---------------------------------------------------------------------
---------------------------------------------------------------------
OTHER:
________________________________________________________________________________
________________________________________________________________________________
In re: The Great Train Store Company Case No: 00-01301 (RRM)
Debtor Reporting Period: Jul-00
STATEMENT OF OPERATIONS
(Income Statement)
Cumulative
REVENUES Month Filing to Date
- --------------------------------------------------------------------------------
Gross Revenues - -
- --------------------------------------------------------------------------------
Less: Returns and Allowances - -
- --------------------------------------------------------------------------------
Net Revenue - -
- --------------------------------------------------------------------------------
COST OF GOODS SOLD
- --------------------------------------------------------------------------------
Beginning Inventory - -
- --------------------------------------------------------------------------------
Add: Purchases - -
- --------------------------------------------------------------------------------
Add: Cost of Labor - -
- --------------------------------------------------------------------------------
Add: Other Costs (attach schedule) - -
- --------------------------------------------------------------------------------
Less: Ending Inventory - -
- --------------------------------------------------------------------------------
Cost of Goods Sold - -
- --------------------------------------------------------------------------------
Gross Profit - -
- --------------------------------------------------------------------------------
OPERATING EXPENSES
- --------------------------------------------------------------------------------
Advertising - -
- --------------------------------------------------------------------------------
Auto and Truck Expense -
- --------------------------------------------------------------------------------
Bad Debts -
- --------------------------------------------------------------------------------
Contributions -
- --------------------------------------------------------------------------------
Employee Benefits Program - -
- --------------------------------------------------------------------------------
Insider Compensation* - -
- --------------------------------------------------------------------------------
Insurance - -
- --------------------------------------------------------------------------------
Management Fees/Bonuses - -
- --------------------------------------------------------------------------------
Office Expense -
- --------------------------------------------------------------------------------
Pension and Profit-Sharing Plans -
- --------------------------------------------------------------------------------
Repairs and Maintenance - -
- --------------------------------------------------------------------------------
Rent and Lease Expense - -
- --------------------------------------------------------------------------------
Salaries/Commissions/Fees - -
- --------------------------------------------------------------------------------
Supplies - -
- --------------------------------------------------------------------------------
Taxes - Payroll - -
- --------------------------------------------------------------------------------
Taxes - Real Estate - -
- --------------------------------------------------------------------------------
Taxes - Other - -
- --------------------------------------------------------------------------------
Travel and Entertainment - -
- --------------------------------------------------------------------------------
Utilities - -
- --------------------------------------------------------------------------------
Other (attach schedule) - (19.56)
- --------------------------------------------------------------------------------
Total Operating Expenses
Before Depreciation - (19.56)
- --------------------------------------------------------------------------------
Depreciation/Depletion/Amortization - -
- --------------------------------------------------------------------------------
Net Profit (Loss) Before
Other Income & Expenses (19.56)
- --------------------------------------------------------------------------------
OTHER INCOME AND EXPENSES
- --------------------------------------------------------------------------------
Other Income (attach schedule) 3.70 534,183.44
- --------------------------------------------------------------------------------
Interest Expense - -
- --------------------------------------------------------------------------------
Other Expense (attach schedule) - -
- --------------------------------------------------------------------------------
REORGANIZATION ITEMS
- --------------------------------------------------------------------------------
Professional Fees - -
- --------------------------------------------------------------------------------
U.S. Trustee Quarterly Fees -
- --------------------------------------------------------------------------------
Interest Earned on Accumulated Cash from
Chapter 11 (see continuation sheet) -
- --------------------------------------------------------------------------------
Gain (Loss) from Sale of Equipment - -
- --------------------------------------------------------------------------------
Other Reorganization Expenses
(attach schedule) - -
- --------------------------------------------------------------------------------
Total Reorganization Expenses - -
- --------------------------------------------------------------------------------
Income Taxes - -
- --------------------------------------------------------------------------------
Net Profit (Loss) 3.70 534,203.00
- --------------------------------------------------------------------------------
In re: The Great Train Store Company Case No: 00-01301 (RRM)
Debtor Reporting Period: Jul-00
STATEMENT OF OPERATIONS - continuation sheet
BREAKDOWN OF OTHER ACTIVITY MONTH CUMULATIVE
- --------------------------------------------------------------------------------
Other Costs
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Other Operational Expenses
- --------------------------------------------------------------------------------
- -
- -------------------------------------------------------------------------------
Misc Expenses - (19.56)
- -------------------------------------------------------------------------------
- -
- -------------------------------------------------------------------------------
- -
- -------------------------------------------------------------------------------
- -
- -------------------------------------------------------------------------------
- -
- -------------------------------------------------------------------------------
- -
- -------------------------------------------------------------------------------
- -
- -------------------------------------------------------------------------------
- -
- -------------------------------------------------------------------------------
- -
- -------------------------------------------------------------------------------
- -
- -------------------------------------------------------------------------------
- -
- -------------------------------------------------------------------------------
- -
- -------------------------------------------------------------------------------
- -
- -------------------------------------------------------------------------------
- -
- -------------------------------------------------------------------------------
Total - (19.56)
- -------------------------------------------------------------------------------
Other Income
- -------------------------------------------------------------------------------
Intercompany - License Fee - 534,176.10
- -------------------------------------------------------------------------------
Interest Income 3.70 7.34
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
Total 3.70 534,183.44
- -------------------------------------------------------------------------------
Other Expense
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
Other Reorganization Expenses
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
In re: The Great Train Store Company Case No: 00-01301 (RRM)
Debtor Reporting Period: Jul-00
BALANCE SHEET
ASSETS BOOK VALUE AT END OF CURRENT BOOK VALUE ON
REPORTING MONTH PETITION DATE
- --------------------------------------------------------------------------------
CURRENT ASSETS
- --------------------------------------------------------------------------------
Unrestricted Cash and Equivalents 758.25 504,651.73
- --------------------------------------------------------------------------------
Restricted Cash and Cash Equivalents
(see continuation sheet)
- --------------------------------------------------------------------------------
Accounts Receivable (Net) - -
- --------------------------------------------------------------------------------
Notes Receivable
- --------------------------------------------------------------------------------
Inventories - -
- --------------------------------------------------------------------------------
Prepaid Expenses
- --------------------------------------------------------------------------------
Professional Retainers - -
- --------------------------------------------------------------------------------
Other Current Assets (attach schedule)
- --------------------------------------------------------------------------------
TOTAL CURRENT ASSETS 758.25 504,651.73
- --------------------------------------------------------------------------------
PROPERTY AND EQUIPMENT
- --------------------------------------------------------------------------------
Real Property and Improvements - -
- --------------------------------------------------------------------------------
Machinery and Equipment
- --------------------------------------------------------------------------------
Furniture, Fixtures and Office Equipment - -
- --------------------------------------------------------------------------------
Leasehold Improvements
- --------------------------------------------------------------------------------
Vehicles
- --------------------------------------------------------------------------------
Less Accumulated Depreciation - -
- --------------------------------------------------------------------------------
TOTAL PROPERTY AND EQUIPMENT - -
- --------------------------------------------------------------------------------
OTHER ASSETS
- --------------------------------------------------------------------------------
Loans to Insiders *
- --------------------------------------------------------------------------------
Other Assets (attach schedule) 20,251,252.92 19,430,190.34
- --------------------------------------------------------------------------------
TOTAL OTHER ASSETS 20,251,252.92 19,430,190.34
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
TOTAL ASSETS 20,252,011.17 19,934,842.07
- --------------------------------------------------------------------------------
LIABILITIES AND OWNER EQUITY BOOK VALUE AT END OF CURRENT BOOK VALUE ON
REPORTING MONTH PETITION DATE
- --------------------------------------------------------------------------------
LIABILITIES NOT SUBJECT TO
COMPROMISE (Postpetition)
- --------------------------------------------------------------------------------
Merchandise Payable
- --------------------------------------------------------------------------------
Accounts Payable
- --------------------------------------------------------------------------------
Taxes Payable (refer to FORM MOR-4)
- --------------------------------------------------------------------------------
Wages Payable
- --------------------------------------------------------------------------------
Notes Payable
- --------------------------------------------------------------------------------
Rent/Leases - Building/Equipment
- --------------------------------------------------------------------------------
Secured Debt/Adequate Protection Payments
- --------------------------------------------------------------------------------
Professional Fees
- --------------------------------------------------------------------------------
Amounts Due to Insiders*
- --------------------------------------------------------------------------------
Other Postpetition Liabilities
(attach schedule) (87,170.00) (87,170.00)
- --------------------------------------------------------------------------------
TOTAL POSTPETITION LIABILITIES (87,170.00) (87,170.00)
- --------------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE
(Pre-Petition)
- --------------------------------------------------------------------------------
Secured Debt
- --------------------------------------------------------------------------------
Priority Debt 2,942,328.00 2,942,328.00
- --------------------------------------------------------------------------------
Unsecured Debt
- --------------------------------------------------------------------------------
TOTAL PRE-PETITION LIABILITIES 2,942,328.00 2,942,328.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
TOTAL LIABILITIES 2,855,158.00 2,855,158.00
- --------------------------------------------------------------------------------
OWNER EQUITY
- --------------------------------------------------------------------------------
Capital Stock 45,212.73 45,212.73
- --------------------------------------------------------------------------------
Additional Paid-In Capital 10,453,405.90 10,453,405.90
- --------------------------------------------------------------------------------
Partners' Capital Account 94,119.00 94,119.00
- --------------------------------------------------------------------------------
Owner's Equity Account
- --------------------------------------------------------------------------------
Retained Earnings - Pre-Petition 6,486,946.44 6,486,946.44
- --------------------------------------------------------------------------------
Retained Earnings - Postpetition 317,169.10
- --------------------------------------------------------------------------------
Adjustments to Owner Equity
(attach schedule)
- --------------------------------------------------------------------------------
NET OWNER EQUITY 17,396,853.17 17,079,684.07
- --------------------------------------------------------------------------------
TOTAL LIABILITIES AND OWNERS' EQUITY 20,252,011.17 19,934,842.07
- --------------------------------------------------------------------------------
In re: The Great Train Store Company Case No: 00-01301 (RRM)
Debtor Reporting Period: Jul-00
Balance Sheet - continuation sheet
Book Value at end of Book Value
Assets Current Reporting Month on Petition Date
- --------------------------------------------------------------------------------
Other Current Assets
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Other Assets
- --------------------------------------------------------------------------------
Intercompany 9,370,184.44 8,866,331.02
- --------------------------------------------------------------------------------
Intercompany Advances
to TGTS Partners (872,615.09) (872,615.09)
- --------------------------------------------------------------------------------
Intercompany License
Fee Receivable 9,067,732.13 8,750,589.93
- --------------------------------------------------------------------------------
Intercompany Investment
in TGTS Partners 3,823,270.22 3,823,270.22
- --------------------------------------------------------------------------------
Intercompany Investment
in GTS Partner, Inc. (1,137,318.78) (1,137,318.78)
- --------------------------------------------------------------------------------
Other (66.96)
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
20,251,252.92 19,430,190.34
- --------------------------------------------------------------------------------
Liabilities and Book Value at end of Book Value
Owners Equity Current Reporting Month on Petition Date
- --------------------------------------------------------------------------------
Other Postpetition
Liabilities
- --------------------------------------------------------------------------------
Intercompany (100,000.00) (100,000.00)
- --------------------------------------------------------------------------------
Other 12,830.00 12,830.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Total (87,170.00) (87,170.00)
- --------------------------------------------------------------------------------
Adjustments to
Owner's Equity
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Postpetition Contributions
(Distributions) (Draws)
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
DEBTOR QUESTIONNAIRE
Must be completed each month Yes No
- --------------------------------------------------------------------------------
1. Have any assets been sold or transferred outside the No
normal course of business this reporting period?
If yes, provide an explanation below.
- --------------------------------------------------------------------------------
2. Have any funds been disbursed from any account other No*
than a debtor in possession account this reporting period?
If yes, provide an explanation below.
- --------------------------------------------------------------------------------
3. Have all postpetition tax returns been timely filed? Yes
If no, provide an explanation below.
- --------------------------------------------------------------------------------
4. Are workers compensation, general liability and N/A
other necessary insurance coverages in effect?
If no, provide an explanation below.
- --------------------------------------------------------------------------------
* The court approved the use of already existing bank accounts, so all bank
accounts used were "Debtor in Possesson" accounts.
UNITED STATES BANKRUPTCY COURT
DISTRICT OF DELAWARE
In re: The Great Train Store Partners, L.P. Case No. 00-01302 (RRM)
Debtor Reporting Period: Jul-00
MONTHLY OPERATING REPORT
File with Court and submit copy to United States Trustee within 20 days after
end of month
Submit copy of report to any official committee appointed in the case.
REQUIRED DOCUMENTS Form No. Document Explanation
Attached Attached
- --------------------------------------------------------------------------------
Schedule of Cash Receipts
and Disbursements MOR-1 Attached
- --------------------------------------------------------------------------------
Bank Reconciliation (or
copies of Debtor's bank
reconciliations) MOR-1(CONT) Attached
- --------------------------------------------------------------------------------
Copies of bank statements Attached
- --------------------------------------------------------------------------------
Cash disbursements journals Attached
- --------------------------------------------------------------------------------
Statement of Operations MOR-2 Attached
- --------------------------------------------------------------------------------
Balance Sheet MOR-3 Attached
- --------------------------------------------------------------------------------
Status of Postpetition Taxes MOR-4 Attached
- --------------------------------------------------------------------------------
Copies of IRS Form 6123
or payment receipt
- --------------------------------------------------------------------------------
Copies of tax returns filed
during reporting period
- --------------------------------------------------------------------------------
Summary of Unpaid Postpetition
Debts MOR-4 Attached
- --------------------------------------------------------------------------------
Listing of aged accounts payable
- --------------------------------------------------------------------------------
Accounts Receivable Reconciliation
and Aging MOR-5 Attached
- --------------------------------------------------------------------------------
Debtor Questionnaire MOR-5 Attached
- --------------------------------------------------------------------------------
I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and
the attached documents are true and correct to the best of my knowledge and
belief.
GTS PARTNER, INC.
By Cheryl A. Taylor, Vice President 10/10/2000
- -------------------------------------- Date
Signature of Debtor
10/10/2000
- -------------------------------------- Date
Signature of Joint Debtor
/s/ Cheryl A. Taylor 10/10/2000
- -------------------------------------- Date
Signature of Authorized
Individual*
Cheryl A. Taylor Vice President - Finance & Administration
- -------------------------------------- Title of Authorized Individual
Printed Name of Authorized Individual
* Authorized individual must be an officer, director or shareholder if Debtor is
a corporation; a partner if Debtor is a partnership; a manager if Debtor is a
limited liability company.
The Great Train Store Partners, L.P.
Detail of Other Items for Schedule of Cash Receipts and Disbursements
Collection Account
- ------------------
Other Receipts 1,865.70
Debit reversals 1,865.70
Other Disbursements -
Operating Account
- -----------------
Other Receipts 57,236.66
Wire Reversal 22,569.97
Pay back for manual checks cut 28,028.54
Utility refunds 3,138.94
cobra payments from employees 2,306.01
tax refund
487.31
bad check collections
54.91
vendor refund
650.98
Other Disbursements 24,569.97
Transfer to Expense account 2,000.00
Voided wire 22,569.97
A/P Trade Account
- -----------------
Other Receipts
-
Other Disbursements 48,395.80
cleared checks per bsnk statement 48,395.80
Expense Trade Account
- ---------------------
Other Receipts 2,000.00
transfer from operating account 2,000.00
Other Disbursements 615,109.24
cleared checks per bank statement 615,109.24
In re: The Great Train Store Partners, L.P. Case No. 00-01302 (RRM)
Debtor Reporting Period: Jul-00
SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS
CUMULATIVE FILING TO DATE
- ---------------------------------------------------------------------------------------------------------------------
OPER. A/P TRADE EXPENSE CONCENTRATION ACTUAL PROJECTED ACTUAL PROJECTED
- ---------------------------------------------------------------------------------------------------------------------
CASH BEGINNING
OF MONTH 276,916.52 7,980.16 64,524.88 - 349,421.56 921,710.89
- ---------------------------------------------------------------------------------------------------------------------
RECEIPTS
- ---------------------------------------------------------------------------------------------------------------------
CASH SALES - - 4,643,856.07
- ---------------------------------------------------------------------------------------------------------------------
ACCOUNTS
RECEIVABLE 2,626,468.62 2,626,468.62 3,988,255.06
- ---------------------------------------------------------------------------------------------------------------------
LOANS AND
ADVANCES 279,618.62 40,356.30 638,693.58 - 958,668.50 7,047,445.69
- ---------------------------------------------------------------------------------------------------------------------
SALE OF ASSETS 17,500.00 - 17,500.00 92,500.00
- ---------------------------------------------------------------------------------------------------------------------
OTHER
(ATTACH LIST) 57,236.66 - 2,000.00 1,865.70 61,102.36 6,513,531.23
- ---------------------------------------------------------------------------------------------------------------------
TRANSFERS
(FROM DIP ACCTS) 54,000.00 - 54,000.00 54,000.00
- ---------------------------------------------------------------------------------------------------------------------
- -
- ---------------------------------------------------------------------------------------------------------------------
TOTAL RECEIPTS 408,355.28 40,356.30 640,693.58 2,628,334.32 3,717,739.48 22,339,588.05
- ---------------------------------------------------------------------------------------------------------------------
DISBURSEMENTS
- ---------------------------------------------------------------------------------------------------------------------
NET PAYROLL 307,358.56 307,358.56 1,279,218.33
- ---------------------------------------------------------------------------------------------------------------------
PAYROLL TAXES 101,795.46 101,795.46 485,645.99
- ---------------------------------------------------------------------------------------------------------------------
SALES, USE &
OTHER TAXES - -
- ---------------------------------------------------------------------------------------------------------------------
INVENTORY PURCHASES - -
- ---------------------------------------------------------------------------------------------------------------------
SECURED/RENTAL/LEASES - -
- ---------------------------------------------------------------------------------------------------------------------
INSURANCE - -
- ---------------------------------------------------------------------------------------------------------------------
ADMINISTRATIVE 20.00 20.00 2,341.04
- ---------------------------------------------------------------------------------------------------------------------
SELLING - -
- ---------------------------------------------------------------------------------------------------------------------
OTHER
(ATTACH LIST) 24,569.97 48,395.80 615,109.24 688,075.01 11,710,950.12
- ---------------------------------------------------------------------------------------------------------------------
Liquidator
Reimbursements 2,629,894.43 2,629,894.43 3,973,888.19
- ---------------------------------------------------------------------------------------------------------------------
OWNER DRAW* - -
- ---------------------------------------------------------------------------------------------------------------------
TRANSFERS (TO
DIP ACCTS) 12,500.00 12,500.00 4,926,494.84
- ---------------------------------------------------------------------------------------------------------------------
- -
- ---------------------------------------------------------------------------------------------------------------------
PROFESSIONAL FEES - -
- ---------------------------------------------------------------------------------------------------------------------
U.S. TRUSTEE QUARTERLY FEES - -
- ---------------------------------------------------------------------------------------------------------------------
COURT COSTS - -
- ---------------------------------------------------------------------------------------------------------------------
TOTAL
DISBURSEMENTS 446,243.99 48,395.80 615,109.24 2,629,894.43 3,739,643.46 22,378,538.51
- ---------------------------------------------------------------------------------------------------------------------
NET CASH FLOW
(RECEIPTS LESS
DISBURSEMENTS) (37,888.71) (8,039.80) 25,584.34 (1,560.11) (21,903.98) (38,950.46)
- ---------------------------------------------------------------------------------------------------------------------
CASH - END
OF MONTH 239,027.81 (59.34) 90,109.22 (1,560.11) 327,517.58 882,760.43
- ---------------------------------------------------------------------------------------------------------------------
THE FOLLOWING SECTION MUST BE COMPLETED
DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY
FEES: (FROM CURRENT MONTH ACTUAL COLUMN)
- ---------------------------------------------------------------------------------------------------------------------
TOTAL DISBURSEMENTS 3,739,643.46
- ---------------------------------------------------------------------------------------------------------------------
LESS: TRANSFERS TO DEBTOR IN POSSESSION
ACCOUNTS 2,629,894.43
- ---------------------------------------------------------------------------------------------------------------------
PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE
SOURCES (ie. from escrow accounts) 0
- ---------------------------------------------------------------------------------------------------------------------
TOTAL DISBURSEMENTS FOR CALCULATING U.S. 1,109,749.03
TRUSTEE QUARTERLY FEES -------------------------------------
In re: The Great Train Store Partners, L.P. Case No. 00-01302 (RRM)
Debtor Reporting Period: Jul-00
BANK RECONCILIATIONS
Continuation Sheet for MOR-1
A bank reconciliation must be included for each bank account. The debtor's bank
reconciliations may be substituted for this page
OPERATING A/P TRADE EXPENSE CONCENTRATION
- --------------------------------------------------------------------------------
BALANCE PER BOOKS 125,032.06 (19,506.81) 5,517.71 (1,560.11)
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
BANK BALANCE 239,027.81 (59.34) 90,109.22 (1,560.11)
- --------------------------------------------------------------------------------
(+) DEPOSITS IN TRANSIT - 236.87 - -
- --------------------------------------------------------------------------------
(-) OUTSTANDING CHECKS 113,995.75 19,684.34 84,591.51
- --------------------------------------------------------------------------------
OTHER - - -
- --------------------------------------------------------------------------------
ADJUSTED BANK BALANCE 125,032.06 (19,506.81) 5,517.71 (1,560.11)
- --------------------------------------------------------------------------------
*Adjusted Bank Balance must
equal balance per books
- --------------------------------------------------------------------------------
DEPOSITS
IN TRANSIT Date Amount Date Amount Date Amount Date Amount
----------------------------------------------------------------------
List
Attached
----------------------------------------------------------------------
----------------------------------------------------------------------
----------------------------------------------------------------------
----------------------------------------------------------------------
----------------------------------------------------------------------
CHECKS
OUTSTANDING Ch# Amount Ch# Amount Ch# Amount Ch# Amount
---------------------------------------------------------------------
List List
Attached Attached
---------------------------------------------------------------------
---------------------------------------------------------------------
---------------------------------------------------------------------
---------------------------------------------------------------------
---------------------------------------------------------------------
---------------------------------------------------------------------
---------------------------------------------------------------------
OTHER:
________________________________________________________________________________
________________________________________________________________________________
In re: The Great Train Store Partners, L.P. Case No: 00-01302 (RRM)
Debtor Reporting Period: Jul-00
STATEMENT OF OPERATIONS
(Income Statement)
Cumulative
REVENUES Month Filing to Date
- --------------------------------------------------------------------------------
Gross Revenues - 5,390,405.18
- --------------------------------------------------------------------------------
Less: Returns and Allowances - 436,547.93
- --------------------------------------------------------------------------------
Net Revenue - 4,953,857.25
- --------------------------------------------------------------------------------
COST OF GOODS SOLD
- --------------------------------------------------------------------------------
Beginning Inventory - 21,680,598.78
- --------------------------------------------------------------------------------
Add: Purchases - 1,547,836.19
- --------------------------------------------------------------------------------
Add: Cost of Labor - -
- --------------------------------------------------------------------------------
Add: Other Costs (attach schedule) - (5,359,331.07)
- --------------------------------------------------------------------------------
Less: Ending Inventory - 15,165,269.99
- --------------------------------------------------------------------------------
Cost of Goods Sold - 2,703,833.91
- --------------------------------------------------------------------------------
Gross Profit - 2,250,023.34
- --------------------------------------------------------------------------------
OPERATING EXPENSES
- --------------------------------------------------------------------------------
Advertising (1,351.82) 132,095.54
- --------------------------------------------------------------------------------
Auto and Truck Expense - -
- --------------------------------------------------------------------------------
Bad Debts - -
- --------------------------------------------------------------------------------
Contributions - -
- --------------------------------------------------------------------------------
Employee Benefits Program 1,167.02 60,999.92
- --------------------------------------------------------------------------------
Insider Compensation* - 113,750.37
- --------------------------------------------------------------------------------
Insurance 6,801.02 36,390.94
- --------------------------------------------------------------------------------
Management Fees/Bonuses - -
- --------------------------------------------------------------------------------
Office Expense - -
- --------------------------------------------------------------------------------
Pension and Profit-Sharing Plans - -
- --------------------------------------------------------------------------------
Repairs and Maintenance 975.94 56,658.43
- --------------------------------------------------------------------------------
Rent and Lease Expense 1,450.79 1,254,035.22
- --------------------------------------------------------------------------------
Salaries/Commissions/Fees 59,554.15 1,540,903.15
- --------------------------------------------------------------------------------
Supplies 6,911.27 71,371.68
- --------------------------------------------------------------------------------
Taxes - Payroll 4,403.84 207,616.05
- --------------------------------------------------------------------------------
Taxes - Real Estate - -
- --------------------------------------------------------------------------------
Taxes - Other (487.31) (29,277.29)
- -------------------------------------------------------------------------------
Travel and Entertainment 2,166.99 77,352.70
- --------------------------------------------------------------------------------
Utilities 1,346.03 107,862.43
- --------------------------------------------------------------------------------
Other (attach schedule) 29,720.58 569,219.55
- --------------------------------------------------------------------------------
Total Operating Expenses
Before Depreciation 112,658.50 4,198,978.69
- --------------------------------------------------------------------------------
Depreciation/Depletion/Amortization - 178,885.38
- --------------------------------------------------------------------------------
Net Profit (Loss) Before Other Income & Expenses (112,658.50) (2,127,840.73)
- --------------------------------------------------------------------------------
OTHER INCOME AND EXPENSES
- --------------------------------------------------------------------------------
Other Income (attach schedule) 1,963.95 (217,939.52)
- --------------------------------------------------------------------------------
Interest Expense 56,437.75 312,282.81
- --------------------------------------------------------------------------------
Other Expense (attach schedule) - 317,142.20
- --------------------------------------------------------------------------------
REORGANIZATION ITEMS
- --------------------------------------------------------------------------------
Professional Fees - 174,108.90
- --------------------------------------------------------------------------------
U.S. Trustee Quarterly Fees - 14,250.00
- --------------------------------------------------------------------------------
Interest Earned on Accumulated Cash from
Chapter 11 (see continuation sheet) - -
- --------------------------------------------------------------------------------
Gain (Loss) from Sale of Equipment - (258,582.01)
- --------------------------------------------------------------------------------
Other Reorganization Expenses
(attach schedule) (611,074.37) 4,966,753.93
- --------------------------------------------------------------------------------
Total Reorganization Expenses (611,074.37) 4,896,530.82
- --------------------------------------------------------------------------------
Income Taxes - -
- --------------------------------------------------------------------------------
Net Profit (Loss) 443,942.07 (8,388,900.10)
- --------------------------------------------------------------------------------
In re: The Great Train Store Partners, L.P. Case No: 00-01302 (RRM)
Debtor Reporting Period: Jul-00
STATEMENT OF OPERATIONS - continuation sheet
BREAKDOWN OF OTHER ACTIVITY MONTH CUMULATIVE
- --------------------------------------------------------------------------------
Other Costs
- --------------------------------------------------------------------------------
Freight 61,104.62
- --------------------------------------------------------------------------------
Cash Discounts (27,405.42)
- --------------------------------------------------------------------------------
Train Repair 2,327.25
- --------------------------------------------------------------------------------
Inventory Variation 70,515.16
- --------------------------------------------------------------------------------
Inventory W/O (94,847.79)
- --------------------------------------------------------------------------------
Change in Prepaid Inventory 362,087.33
- --------------------------------------------------------------------------------
Change in Transfers in transit (22,178.73)
- --------------------------------------------------------------------------------
Change in Inventory Adjustments 818,248.61
- --------------------------------------------------------------------------------
Change in Accrued Shrink (72,391.16)
- --------------------------------------------------------------------------------
Change in Def. Allowance (6,740.71)
- --------------------------------------------------------------------------------
Change in Capitalized Freight -
- --------------------------------------------------------------------------------
Change in Reserve 242,704.18
- --------------------------------------------------------------------------------
Returns (55,642.22)
- --------------------------------------------------------------------------------
Change in A/P POD 104,649.89
- --------------------------------------------------------------------------------
Total - 1,382,431.01
- --------------------------------------------------------------------------------
Other Operational Expenses
- --------------------------------------------------------------------------------
Bad Check Expense 9,397.73 8,920.79
- --------------------------------------------------------------------------------
Board Meeting 6,250.00 6,250.00
- --------------------------------------------------------------------------------
Credit Card Charges 59,247.21
- --------------------------------------------------------------------------------
Cash Over/Short 4,748.80
- --------------------------------------------------------------------------------
Casual Labor 188.00
- --------------------------------------------------------------------------------
Consulting Fees 10,094.77
- --------------------------------------------------------------------------------
Computer Processing 4,846.41 14,004.30
- --------------------------------------------------------------------------------
Licenses and Permits 9.71 8,268.94
- --------------------------------------------------------------------------------
Postage 74,947.52
- --------------------------------------------------------------------------------
Public Co. Expense 2.00 2,053.15
- --------------------------------------------------------------------------------
Satellite Office - 7,600.00
- --------------------------------------------------------------------------------
Service Charges 1,301.96 141,085.65
- --------------------------------------------------------------------------------
Wrap and Pack 43.05 20,861.08
- --------------------------------------------------------------------------------
Relocation 12,799.81
- --------------------------------------------------------------------------------
Personnel Advertising 6,227.17
- --------------------------------------------------------------------------------
Telephone 7,487.48 47,665.79
- --------------------------------------------------------------------------------
Legal 38,667.77
- --------------------------------------------------------------------------------
Misc. Exp. 382.24 (6,954.44)
- --------------------------------------------------------------------------------
Total 29,720.58 461,676.31
- --------------------------------------------------------------------------------
Other Income
- --------------------------------------------------------------------------------
Sales Tax Discount 1,963.95 5,277.97
- --------------------------------------------------------------------------------
Interest Income - 155.21
- --------------------------------------------------------------------------------
Other Income (223,907.49)
- --------------------------------------------------------------------------------
-
- --------------------------------------------------------------------------------
Total 1,963.95 (218,474.31)
- --------------------------------------------------------------------------------
Other Expense
- --------------------------------------------------------------------------------
Intercompany - License Fees - (534,176.10)
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
Other Reorganization Expenses
- -------------------------------------------------------------------------------
See attached list (611,074.37) (988,490.43)
- -------------------------------------------------------------------------------
In re: The Great Train Store Partners, L.P. Case No: 00-01302 (RRM)
Debtor Reporting Period: Jun-00
BALANCE SHEET
ASSETS BOOK VALUE AT END OF CURRENT BOOK VALUE ON
REPORTING MONTH PETITION DATE
- --------------------------------------------------------------------------------
CURRENT ASSETS
- --------------------------------------------------------------------------------
Unrestricted Cash and Equivalents 111,256.37 350,140.77
- --------------------------------------------------------------------------------
Restricted Cash and Cash Equivalents
(see continuation sheet)
- --------------------------------------------------------------------------------
Accounts Receivable (Net) 471,596.23 68,872.67
- --------------------------------------------------------------------------------
Notes Receivable
- --------------------------------------------------------------------------------
Inventories 7,210,202.06
- --------------------------------------------------------------------------------
Prepaid Expenses
- --------------------------------------------------------------------------------
Professional Retainers -
- --------------------------------------------------------------------------------
Other Current Assets (attach schedule)
- --------------------------------------------------------------------------------
TOTAL CURRENT ASSETS 582,852.60 7,629,215.50
- --------------------------------------------------------------------------------
PROPERTY AND EQUIPMENT
- --------------------------------------------------------------------------------
Real Property and Improvements - 5,484,908.96
- --------------------------------------------------------------------------------
Machinery and Equipment -
- --------------------------------------------------------------------------------
Furniture, Fixtures and Office Equipment 192,000.00 3,459,836.11
- --------------------------------------------------------------------------------
Leasehold Improvements -
- --------------------------------------------------------------------------------
Vehicles -
- --------------------------------------------------------------------------------
Less Accumulated Depreciation - 3,890,914.43
- --------------------------------------------------------------------------------
TOTAL PROPERTY AND EQUIPMENT 192,000.00 5,053,830.64
- --------------------------------------------------------------------------------
OTHER ASSETS
- --------------------------------------------------------------------------------
Loans to Insiders *
- --------------------------------------------------------------------------------
Other Assets (attach schedule) 1,150,285.48 579,726.72
- --------------------------------------------------------------------------------
TOTAL OTHER ASSETS 1,150,285.48 579,726.72
- --------------------------------------------------------------------------------
TOTAL ASSETS 1,925,138.08 13,262,772.86
- --------------------------------------------------------------------------------
LIABILITIES AND OWNER EQUITY BOOK VALUE AT END OF CURRENT BOOK VALUE ON
REPORTING MONTH PETITION DATE
- --------------------------------------------------------------------------------
LIABILITIES NOT SUBJECT TO
COMPROMISE (Postpetition)
- --------------------------------------------------------------------------------
Merchandise Payable 117,836.80
- --------------------------------------------------------------------------------
Accounts Payable 225,606.98 517,821.08
- --------------------------------------------------------------------------------
Taxes Payable (refer to FORM MOR-4) 34,107.00 135,314.56
- --------------------------------------------------------------------------------
Wages Payable 40,513.67 245,761.18
- --------------------------------------------------------------------------------
Notes Payable 282,022.38 312,825.81
- --------------------------------------------------------------------------------
Rent/Leases - Building/Equipment
- --------------------------------------------------------------------------------
Secured Debt/Adequate Protection Payments 3,642,084.38
- --------------------------------------------------------------------------------
Professional Fees
- --------------------------------------------------------------------------------
Amounts Due to Insiders*
- --------------------------------------------------------------------------------
Other Postpetition Liabilities 17,293,262.22 18,248,391.83
(attach schedule)
- --------------------------------------------------------------------------------
TOTAL POSTPETITION LIABILITIES 17,993,349.05 23,102,198.84
- --------------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE
(Pre-Petition)
- --------------------------------------------------------------------------------
Secured Debt 806,971.29 -
- --------------------------------------------------------------------------------
Priority Debt
- --------------------------------------------------------------------------------
Unsecured Debt 4,335,639.97 2,931,820.57
- --------------------------------------------------------------------------------
TOTAL PRE-PETITION LIABILITIES 5,142,611.26 2,931,820.57
- --------------------------------------------------------------------------------
TOTAL LIABILITIES 23,135,960.31 26,034,019.41
- --------------------------------------------------------------------------------
OWNER EQUITY
- --------------------------------------------------------------------------------
Capital Stock
- --------------------------------------------------------------------------------
Additional Paid-In Capital
- --------------------------------------------------------------------------------
Partners' Capital Account (10,807,323.52) (10,807,323.52)
- --------------------------------------------------------------------------------
Owner's Equity Account -
- --------------------------------------------------------------------------------
Retained Earnings - Pre-Petition (1,963,923.03) (1,963,923.03)
- --------------------------------------------------------------------------------
Retained Earnings - Postpetition (8,439,575.68)
- --------------------------------------------------------------------------------
Adjustments to Owner Equity
(attach schedule)
- --------------------------------------------------------------------------------
NET OWNER EQUITY (21,210,822.23) (12,771,246.55)
- --------------------------------------------------------------------------------
TOTAL LIABILITIES AND OWNERS' EQUITY 1,925,138.08 13,262,772.86
- --------------------------------------------------------------------------------
In re: The Great Train Store Partners, L.P. Case No: 00-01302 (RRM)
Debtor Reporting Period: Jul-00
Balance Sheet - continuation sheet
Book Value at end of Book Value
Assets Current Reporting Month on Petition Date
- --------------------------------------------------------------------------------
Other Current Assets
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Other Assets
- --------------------------------------------------------------------------------
Professional Retainers 830,941.10
- --------------------------------------------------------------------------------
Committee Funds 150,000.00
- --------------------------------------------------------------------------------
Escrow Accounts held at
Pachulski St 136,502.00
- --------------------------------------------------------------------------------
Deposits 32,842.38 28,124.04
- --------------------------------------------------------------------------------
Wrap and Pack - 47,610.65
- --------------------------------------------------------------------------------
Prepaid Financing Tandem - 135,875.84
- --------------------------------------------------------------------------------
Prepaid Financing Paragon - 180,629.05
- --------------------------------------------------------------------------------
Lease Negotiation Costs - Stores - 187,487.14
- --------------------------------------------------------------------------------
Prepaid Issuance -
- --------------------------------------------------------------------------------
Total 1,150,285.48 579,726.72
- --------------------------------------------------------------------------------
Liabilities and Book Value at end of Book Value
Owners Equity Current Reporting Month on Petition Date
- --------------------------------------------------------------------------------
Other Postpetition
Liabilities
- --------------------------------------------------------------------------------
Gift Certificates Issued 131,880.16 158,520.20
- --------------------------------------------------------------------------------
Straight Lined Rent - 1,247,153.67
- --------------------------------------------------------------------------------
Note Payable - License Fee 8,677,448.13 8,360,305.93
- --------------------------------------------------------------------------------
Intercompany 8,483,933.93 8,483,933.93
- --------------------------------------------------------------------------------
Fixture Sale Payable -
- --------------------------------------------------------------------------------
Other - (1,521.90)
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Total 17,293,262.22 18,248,391.83
- --------------------------------------------------------------------------------
Adjustments to
Owner's Equity
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Postpetition Contributions
(Distributions) (Draws)
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
In re: The Great Train Store Partners, L.P. Case No: 00-01302 (RRM)
Debtor Reporting Period: Jun-00
STATUS OF POSTPETITION TAXES
Beginning Amount Ending
Tax Withheld or Amount Date Check No. Tax
Liability Accrued Paid Paid or EFT Liability
- --------------------------------------------------------------------------------
Federal
- --------------------------------------------------------------------------------
Withholding 8,004.70 43,843.15 45,799.29 7/14/00, EFT 6,048.56
7/28/00
- --------------------------------------------------------------------------------
FICA-Employee 5,966.63 22,276.53 27,691.54 7/14/00, EFT 551.62
7/28/00
- --------------------------------------------------------------------------------
FICA-Employer 5,966.64 22,276.59 27,691.59 7/14/00, EFT 551.64
7/28/00
- --------------------------------------------------------------------------------
Unemployment 263.84 690.55 954.39 7/14/00, EFT
7/28/00
- --------------------------------------------------------------------------------
Income - - - -
- --------------------------------------------------------------------------------
Other: Less
Ozer Tax
Liability (18,741.58) 7,342.19 (11,399.39)
- --------------------------------------------------------------------------------
Total Federal
Taxes 1,460.23 96,429.01 90,737.42 EFT 7,151.82
- --------------------------------------------------------------------------------
State and Local
- --------------------------------------------------------------------------------
Withholding 2,009.01 6,381.08 8,390.09 7/14/00, EFT
7/28/00
- --------------------------------------------------------------------------------
Sales - 26,955.16 - 8/15/00 Check 26,955.18
- --------------------------------------------------------------------------------
Excise - - - -
- --------------------------------------------------------------------------------
Unemployment 948.87 2,462.28 3,411.15 7/14/00, EFT
7/28/00
- --------------------------------------------------------------------------------
Real Property - - - -
- --------------------------------------------------------------------------------
Personal
Property - - - -
- --------------------------------------------------------------------------------
Other: Less Ozer
Tax Liability (2,957.88) - (2,957.88) EFT
- --------------------------------------------------------------------------------
Total State - 35,798.54 8,843.36 26,955.18
and Local Taxes
- --------------------------------------------------------------------------------
Total Taxes 1,460.23 132,227.55 99,580.78 EFT 34,107.00
- --------------------------------------------------------------------------------
SUMMARY OF UNPAID POSTPETITION DEBTS
Attach aged listing of accounts payable
Number of Days Past Due
------------------------------------------------------------
Current 0-30 31-60 61-90 Over 90 Total
- --------------------------------------------------------------------------------
Accounts Payable - 27,752.79 41,449.03 102,008.71 172,233.25 343,443.78
- --------------------------------------------------------------------------------
Wages Payable - -
- --------------------------------------------------------------------------------
Taxes Payable - -
- --------------------------------------------------------------------------------
Rent/Leases-
Building - - -
- --------------------------------------------------------------------------------
Rent/Leases-
Equipment - -
- --------------------------------------------------------------------------------
Secured Debt/
Adequate
Protection
Payments - -
- --------------------------------------------------------------------------------
Professional
Fees - -
- --------------------------------------------------------------------------------
Amounts Due to
Insiders* - -
- --------------------------------------------------------------------------------
Other: Interest
on Tandem
Warrants - -
- --------------------------------------------------------------------------------
Other:
______________ - -
- --------------------------------------------------------------------------------
Total Post-
petition
Debts - 27,752.79 41,449.03 102,008.71 172,233.25 343,443.78
- --------------------------------------------------------------------------------
Explain how and when the Debtor intends to pay any past-due postpetition debts
In Re: The Great Train Store Partners, L.P. Case No: 00-01302 (RRM)
Debtor Reporting Period: July 2000
ACCOUNTS RECEIVABLE RECONCILIATION AND AGING
Accounts Receivable Reconciliation Amount
- --------------------------------------------------------------------------------
Total Accounts Receivable at the
beginning of the reporting period -
- --------------------------------------------------------------------------------
Add: Amounts billed during the period 3,745,564.95
- --------------------------------------------------------------------------------
Less: Amounts collected during the period 3,273,818.67
- --------------------------------------------------------------------------------
Less: A/R Write Off* -
- --------------------------------------------------------------------------------
Total Accounts Receivable at the
end of the reporting period 471,596.23
- --------------------------------------------------------------------------------
Accounts Receivable Aging Amount
- --------------------------------------------------------------------------------
0-30 days old -
- --------------------------------------------------------------------------------
31-60 days old -
- --------------------------------------------------------------------------------
61-90 days old -
- --------------------------------------------------------------------------------
Total Accounts Receivable -
- --------------------------------------------------------------------------------
Amount considered uncollectible (Bad Debt)
- --------------------------------------------------------------------------------
Accounts Receivable (Net) -
- --------------------------------------------------------------------------------
DEBTOR QUESTIONNAIRE
Must be completed each month Yes No
- --------------------------------------------------------------------------------
1. Have any assets been sold or transferred outside the Yes**
normal course of business this reporting period?
If yes, provide an explanation below.
- --------------------------------------------------------------------------------
2. Have any funds been disbursed from any account other No*
than a debtor in possession account this reporting period?
If yes, provide an explanation below.
- --------------------------------------------------------------------------------
3. Have all postpetition tax returns been timely filed? Yes
If no, provide an explanation below.
- --------------------------------------------------------------------------------
4. Are workers compensation, general liability and Yes
other necessary insurance coverages in effect?
If no, provide an explanation below.
- --------------------------------------------------------------------------------
* The court approved the use of already existing bank accounts, so all bank
accounts used were "Debtor in Possesson" accounts.
** Store assets are being sold by the liquidation company as the stores are
closing.
UNITED STATES BANKRUPTCY COURT
DISTRICT OF DELAWARE
In re: GTS Limited Partner, Inc. Case No. 00-01303 (RRM)
Debtor Reporting Period: Jul-00
MONTHLY OPERATING REPORT
File with Court and submit copy to United States Trustee within 20 days after
end of month
Submit copy of report to any official committee appointed in the case.
REQUIRED DOCUMENTS Form No. Document Explanation
Attached Attached
- --------------------------------------------------------------------------------
Schedule of Cash Receipts
and Disbursements MOR-1 N/A
- --------------------------------------------------------------------------------
Bank Reconciliation (or
copies of Debtor's bank
reconciliations) MOR-1(CONT) N/A
- --------------------------------------------------------------------------------
Copies of bank statements N/A
- --------------------------------------------------------------------------------
Cash disbursements journals N/A
- --------------------------------------------------------------------------------
Statement of Operations MOR-2 N/A
- --------------------------------------------------------------------------------
Balance Sheet MOR-3 Included
- --------------------------------------------------------------------------------
Status of Postpetition Taxes MOR-4 N/A
- --------------------------------------------------------------------------------
Copies of IRS Form 6123
or payment receipt N/A
- --------------------------------------------------------------------------------
Copies of tax returns filed
during reporting period N/A
- --------------------------------------------------------------------------------
Summary of Unpaid Postpetition
Debts MOR-4 N/A
- --------------------------------------------------------------------------------
Listing of aged accounts payable N/A
- --------------------------------------------------------------------------------
Accounts Receivable Reconciliation
and Aging MOR-5 N/A
- --------------------------------------------------------------------------------
Debtor Questionnaire MOR-5 Included
- --------------------------------------------------------------------------------
I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and
the attached documents are true and correct to the best of my knowledge and
belief.
/s/ Cheryl A. Taylor 10/10/2000
- -------------------------------------- Date
Signature of Debtor
10/10/2000
- -------------------------------------- Date
Signature of Joint Debtor
/s/ Cheryl A. Taylor 10/10/2000
- -------------------------------------- Date
Signature of Authorized
Individual*
Cheryl A. Taylor Vice President - Finance & Administration
- -------------------------------------- Title of Authorized Individual
Printed Name of Authorized Individual
* Authorized individual must be an officer, director or shareholder if Debtor is
a corporation; a partner if Debtor is a partnership; a manager if Debtor is a
limited liability company.
In re: GTS Limited Partner, Inc. Case No. 00-01303 (RRM)
Debtor Reporting Period: Jul-00
BALANCE SHEET
ASSETS BOOK VALUE AT END OF CURRENT BOOK VALUE ON
REPORTING MONTH PETITION DATE
- --------------------------------------------------------------------------------
CURRENT ASSETS
- --------------------------------------------------------------------------------
Unrestricted Cash and Equivalents - -
- --------------------------------------------------------------------------------
Restricted Cash and Cash Equivalents
(see continuation sheet)
- --------------------------------------------------------------------------------
Accounts Receivable (Net) - -
- --------------------------------------------------------------------------------
Notes Receivable
- --------------------------------------------------------------------------------
Inventories - -
- --------------------------------------------------------------------------------
Prepaid Expenses -
- --------------------------------------------------------------------------------
Professional Retainers - -
- --------------------------------------------------------------------------------
Other Current Assets (attach schedule)
- --------------------------------------------------------------------------------
TOTAL CURRENT ASSETS - -
- --------------------------------------------------------------------------------
PROPERTY AND EQUIPMENT
- --------------------------------------------------------------------------------
Real Property and Improvements - -
- --------------------------------------------------------------------------------
Machinery and Equipment -
- --------------------------------------------------------------------------------
Furniture, Fixtures and Office Equipment - -
- --------------------------------------------------------------------------------
Leasehold Improvements
- --------------------------------------------------------------------------------
Vehicles
- --------------------------------------------------------------------------------
Less Accumulated Depreciation - -
- --------------------------------------------------------------------------------
TOTAL PROPERTY AND EQUIPMENT - -
- --------------------------------------------------------------------------------
OTHER ASSETS
- --------------------------------------------------------------------------------
Loans to Insiders *
- --------------------------------------------------------------------------------
Other Assets (attach schedule) (360,265.26) (360,265.26)
- --------------------------------------------------------------------------------
TOTAL OTHER ASSETS (360,265.26) (360,265.26)
- --------------------------------------------------------------------------------
TOTAL ASSETS (360,265.26) (360,265.26)
- --------------------------------------------------------------------------------
LIABILITIES AND OWNER EQUITY BOOK VALUE AT END OF CURRENT BOOK VALUE ON
REPORTING MONTH PETITION DATE
- --------------------------------------------------------------------------------
LIABILITIES NOT SUBJECT TO
COMPROMISE (Postpetition)
- --------------------------------------------------------------------------------
Merchandise Payable -
- --------------------------------------------------------------------------------
Accounts Payable - -
- --------------------------------------------------------------------------------
Taxes Payable (refer to FORM MOR-4) - -
- --------------------------------------------------------------------------------
Wages Payable - -
- --------------------------------------------------------------------------------
Notes Payable - -
- --------------------------------------------------------------------------------
Rent/Leases - Building/Equipment
- --------------------------------------------------------------------------------
Secured Debt/Adequate Protection Payments -
- --------------------------------------------------------------------------------
Professional Fees
- --------------------------------------------------------------------------------
Amounts Due to Insiders*
- --------------------------------------------------------------------------------
Other Postpetition Liabilities - -
(attach schedule)
- --------------------------------------------------------------------------------
TOTAL POSTPETITION LIABILITIES - -
- --------------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE
(Pre-Petition)
- --------------------------------------------------------------------------------
Secured Debt - -
- --------------------------------------------------------------------------------
Priority Debt
- --------------------------------------------------------------------------------
Unsecured Debt - -
- --------------------------------------------------------------------------------
TOTAL PRE-PETITION LIABILITIES - -
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
TOTAL LIABILITIES - -
- --------------------------------------------------------------------------------
OWNER EQUITY
- --------------------------------------------------------------------------------
Capital Stock 100.00 100.00
- --------------------------------------------------------------------------------
Additional Paid-In Capital
- --------------------------------------------------------------------------------
Partners' Capital Account - -
- --------------------------------------------------------------------------------
Owner's Equity Account - -
- --------------------------------------------------------------------------------
Retained Earnings - Pre-Petition (360,365.26) (360,365.26)
- --------------------------------------------------------------------------------
Retained Earnings - Postpetition -
- --------------------------------------------------------------------------------
Adjustments to Owner Equity
(attach schedule)
- --------------------------------------------------------------------------------
NET OWNER EQUITY (360,265.26) (360,265.26)
- --------------------------------------------------------------------------------
TOTAL LIABILITIES AND OWNERS' EQUITY (360,265.26) (360,265.26)
- --------------------------------------------------------------------------------
In re: GTS Limited Partner, Inc. Case No. 00-01303 (RRM)
Debtor Reporting Period: Jul-00
Balance Sheet - continuation sheet
Book Value at end of Book Value
Assets Current Reporting Month on Petition Date
- --------------------------------------------------------------------------------
Other Current Assets
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Other Assets
- --------------------------------------------------------------------------------
Investment in TGTS Partners (360,265.26) (360,265.26)
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Total (360,265.26) (360,265.26)
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Liabilities and Book Value at end of Book Value
Owners Equity Current Reporting Month on Petition Date
- --------------------------------------------------------------------------------
Other Postpetition
Liabilities
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Total - -
- --------------------------------------------------------------------------------
Adjustments to
Owner's Equity
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Postpetition Contributions
(Distributions) (Draws)
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
DEBTOR QUESTIONNAIRE
Must be completed each month Yes No
- --------------------------------------------------------------------------------
1. Have any assets been sold or transferred outside the No
normal course of business this reporting period?
If yes, provide an explanation below.
- --------------------------------------------------------------------------------
2. Have any funds been disbursed from any account other N/A
than a debtor in possession account this reporting period?
If yes, provide an explanation below.
- --------------------------------------------------------------------------------
3. Have all postpetition tax returns been timely filed? Yes
If no, provide an explanation below.
- --------------------------------------------------------------------------------
4. Are workers compensation, general liability and N/A
other necessary insurance coverages in effect?
If no, provide an explanation below.
- --------------------------------------------------------------------------------
UNITED STATES BANKRUPTCY COURT
DISTRICT OF DELAWARE
In re: The GTS Partner, Inc. Case No. 00-01304 (RRM)
Debtor Reporting Period: Jul-00
MONTHLY OPERATING REPORT
File with Court and submit copy to United States Trustee within 20 days after
end of month
Submit copy of report to any official committee appointed in the case.
REQUIRED DOCUMENTS Form No. Document Explanation
Attached Attached
- --------------------------------------------------------------------------------
Schedule of Cash Receipts
and Disbursements MOR-1 N/A
- --------------------------------------------------------------------------------
Bank Reconciliation (or
copies of Debtor's bank
reconciliations) MOR-1(CONT) N/A
- --------------------------------------------------------------------------------
Copies of bank statements N/A
- --------------------------------------------------------------------------------
Cash disbursements journals N/A
- --------------------------------------------------------------------------------
Statement of Operations MOR-2 N/A
- --------------------------------------------------------------------------------
Balance Sheet MOR-3 Attached
- --------------------------------------------------------------------------------
Status of Postpetition Taxes MOR-4 N/A
- --------------------------------------------------------------------------------
Copies of IRS Form 6123
or payment receipt N/A
- --------------------------------------------------------------------------------
Copies of tax returns filed
during reporting period N/A
- --------------------------------------------------------------------------------
Summary of Unpaid Postpetition
Debts MOR-4 N/A
- --------------------------------------------------------------------------------
Listing of aged accounts payable N/A
- --------------------------------------------------------------------------------
Accounts Receivable Reconciliation
and Aging MOR-5 N/A
- --------------------------------------------------------------------------------
Debtor Questionnaire MOR-5 Included
- --------------------------------------------------------------------------------
I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and
the attached documents are true and correct to the best of my knowledge and
belief.
/s/ Cheryl A. Taylor 10/10/2000
- -------------------------------------- Date
Signature of Debtor
10/10/2000
- -------------------------------------- Date
Signature of Joint Debtor
/s/ Cheryl A. Taylor 10/10/2000
- -------------------------------------- Date
Signature of Authorized
Individual*
Cheryl A. Taylor Vice President - Finance & Administration
- -------------------------------------- Title of Authorized Individual
Printed Name of Authorized Individual
* Authorized individual must be an officer, director or shareholder if Debtor is
a corporation; a partner if Debtor is a partnership; a manager if Debtor is a
limited liability company.
In re: The GTS Partner, Inc. Case No. 00-01304 (RRM)
Debtor Reporting Period: Jul-00
BALANCE SHEET
ASSETS BOOK VALUE AT END OF CURRENT BOOK VALUE ON
REPORTING MONTH PETITION DATE
- --------------------------------------------------------------------------------
CURRENT ASSETS
- --------------------------------------------------------------------------------
Unrestricted Cash and Equivalents - 176.00
- --------------------------------------------------------------------------------
Restricted Cash and Cash Equivalents
(see continuation sheet)
- --------------------------------------------------------------------------------
Accounts Receivable (Net) - -
- --------------------------------------------------------------------------------
Notes Receivable
- --------------------------------------------------------------------------------
Inventories - -
- --------------------------------------------------------------------------------
Prepaid Expenses -
- --------------------------------------------------------------------------------
Professional Retainers - -
- --------------------------------------------------------------------------------
Other Current Assets (attach schedule)
- --------------------------------------------------------------------------------
TOTAL CURRENT ASSETS - 176.00
- --------------------------------------------------------------------------------
PROPERTY AND EQUIPMENT
- --------------------------------------------------------------------------------
Real Property and Improvements - -
- --------------------------------------------------------------------------------
Machinery and Equipment
- --------------------------------------------------------------------------------
Furniture, Fixtures and Office Equipment - -
- --------------------------------------------------------------------------------
Leasehold Improvements
- --------------------------------------------------------------------------------
Vehicles
- --------------------------------------------------------------------------------
Less Accumulated Depreciation - -
- --------------------------------------------------------------------------------
TOTAL PROPERTY AND EQUIPMENT - -
- --------------------------------------------------------------------------------
OTHER ASSETS
- --------------------------------------------------------------------------------
Loans to Insiders *
- --------------------------------------------------------------------------------
Other Assets (attach schedule) (1,150,464.06) (1,150,464.06)
- --------------------------------------------------------------------------------
TOTAL OTHER ASSETS (1,150,464.06) (1,150,464.06)
- --------------------------------------------------------------------------------
TOTAL ASSETS (1,150,464.06) (1,150,288.06)
- --------------------------------------------------------------------------------
LIABILITIES AND OWNER EQUITY BOOK VALUE AT END OF CURRENT BOOK VALUE ON
REPORTING MONTH PETITION DATE
- --------------------------------------------------------------------------------
LIABILITIES NOT SUBJECT TO
COMPROMISE (Postpetition)
- --------------------------------------------------------------------------------
Merchandise Payable -
- --------------------------------------------------------------------------------
Accounts Payable - -
- --------------------------------------------------------------------------------
Taxes Payable (refer to FORM MOR-4) - -
- --------------------------------------------------------------------------------
Wages Payable - -
- --------------------------------------------------------------------------------
Notes Payable - -
- --------------------------------------------------------------------------------
Rent/Leases - Building/Equipment
- --------------------------------------------------------------------------------
Secured Debt/Adequate Protection Payments -
- --------------------------------------------------------------------------------
Professional Fees
- --------------------------------------------------------------------------------
Amounts Due to Insiders*
- --------------------------------------------------------------------------------
Other Postpetition Liabilities
(attach schedule) - -
- --------------------------------------------------------------------------------
TOTAL POSTPETITION LIABILITIES - -
- --------------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE
(Pre-Petition)
- --------------------------------------------------------------------------------
Secured Debt - -
- --------------------------------------------------------------------------------
Priority Debt
- --------------------------------------------------------------------------------
Unsecured Debt - -
- --------------------------------------------------------------------------------
TOTAL PRE-PETITION LIABILITIES - -
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
TOTAL LIABILITIES - -
- --------------------------------------------------------------------------------
OWNER EQUITY
- --------------------------------------------------------------------------------
Capital Stock 190.00 190.00
- --------------------------------------------------------------------------------
Additional Paid-In Capital (13,159.28) (13,159.28)
- --------------------------------------------------------------------------------
Partners' Capital Account - -
- --------------------------------------------------------------------------------
Owner's Equity Account -
- --------------------------------------------------------------------------------
Retained Earnings - Pre-Petition (1,137,318.78) (1,137,318.78)
- --------------------------------------------------------------------------------
Retained Earnings - Postpetition (176.00)
- --------------------------------------------------------------------------------
Adjustments to Owner Equity
(attach schedule)
- --------------------------------------------------------------------------------
NET OWNER EQUITY (1,150,464.06) (1,150,288.06)
- --------------------------------------------------------------------------------
TOTAL LIABILITIES AND OWNERS' EQUITY (1,150,464.06) (1,150,288.06)
- --------------------------------------------------------------------------------
In re: The GTS Partner, Inc. Case No. 00-01304 (RRM)
Debtor Reporting Period: Jul-00
Balance Sheet - continuation sheet
Book Value at end of Book Value
Assets Current Reporting Month on Petition Date
- --------------------------------------------------------------------------------
Other Current Assets
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Other Assets
- --------------------------------------------------------------------------------
Investment in TGTS Partners (790,098.80) (790.098.80)
- --------------------------------------------------------------------------------
Investment in GTS Ltd.
Ptr. Inc. (360,365.26) (360,365.26)
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Total (1,150,464.06) (1,150,464.06)
- --------------------------------------------------------------------------------
Liabilities and Book Value at end of Book Value
Owners Equity Current Reporting Month on Petition Date
- --------------------------------------------------------------------------------
Other Postpetition
Liabilities
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Total - -
- --------------------------------------------------------------------------------
Adjustments to
Owner's Equity
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Postpetition Contributions
(Distributions) (Draws)
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
DEBTOR QUESTIONNAIRE
Must be completed each month Yes No
- --------------------------------------------------------------------------------
1. Have any assets been sold or transferred outside the No
normal course of business this reporting period?
If yes, provide an explanation below.
- --------------------------------------------------------------------------------
2. Have any funds been disbursed from any account other N/A
than a debtor in possession account this reporting period?
If yes, provide an explanation below.
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3. Have all postpetition tax returns been timely filed? Yes
If no, provide an explanation below.
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4. Are workers compensation, general liability and N/A
other necessary insurance coverages in effect?
If no, provide an explanation below.
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