EXHIBIT 99
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IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: DONLAR CORPORATION CASE NUMBER 04-07455
SUMMARY OF CASH RECEIPTS AND CASH DISBURSEMENTS
FOR MONTH ENDING MARCH 31, 2004
BEGINNING BALANCE IN ALL ACCOUNTS $ 51,230.62
RECEIPTS 1. Receipts from operations $340,423.37
2. Other receipts
DISBURSEMENTS 3. Net payroll:
a. Officers $ 17,532.19
b. Others $ 53,335.69
4. Taxes:
a. Federal income taxes $ 8,142.14
b. FICA withholdings $ 4,204.08
c. Employee's withholdings
d. Employer's FICA $ 4,204.09
e. Federal unemployment taxes
f. State income tax
g. State employee withholdings
h. All other state taxes
5. Necessary expenses:
a. Rent or mortgage payments $ 9,000.00
b. Utilities $ --
c. Insurance $ 35,282.85
d. Merchandise bought for manufacture or sale $ 86,773.15
e. Other necessary expenses $ 91,167.89
TOTAL DISBURSEMENTS $309,642.08
NET RECEIPTS (DISBURSEMENTS) FOR THE CURRENT PERIOD $ 30,781.29
ENDING BALANCE IN LASALLE BANK $ 82,011.91
ENDING BALANCE IN ALL ACCOUNTS $ 82,011.91
Operating Report Page 1
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: DONLAR CORPORATION CASE NUMBER 04-07455
RECEIPTS LISTING
FOR MONTH ENDING MARCH 31, 2004
BANK: LA SALLE BANK, CHICAGO, IL
ACCOUNT NAME: GENERAL ACCOUNT
ACCOUNT NUMBER: Omitted
DATE DESCRIPTION AMOUNT
2/27/2004 Sales receipts $ 53,936.12
3/04/2004 Sales receipts $ 3,637.00
3/10/2004 Sales receipts $ 43,912.50
3/15/2004 Sales receipts $ 30,300.28
3/17/2004 Sales receipts $ 83.50
3/19/2004 Sales receipts $ 23,654.40
3/24/2004 Sales receipts $128,593.88
3/25/2004 Sales receipts $ 2,204.19
3/26/2004 Sales receipts $ 29,875.90
3/31/2004 Sales receipts $ 24,225.60
TOTAL RECEIPTS $340,423.37
Operating Report Page 2
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: DONLAR CORPORATION CASE NUMBER 04-07455
RECEIPTS LISTING
FOR MONTH ENDING MARCH 31, 2004
BANK: LA SALLE BANK, CHICAGO, IL
ACCOUNT NAME: PERU PROPERTY TAX ACCOUNT
ACCOUNT NUMBER:
DATE DESCRIPTION AMOUNT
3/12/2004 ESCROW DEPOSIT $ 1,100.00
3/18/2004 ESCROW DEPOSIT $ 700.00
3/26/2004 ESCROW DEPOSIT $ 600.00
TOTAL RECEIPTS $ 2,400.00
Operating Report Page 3
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: DONLAR CORPORATION CASE NUMBER 04-07455
DISBURSEMENTS LISTING
FOR MONTH ENDING MARCH 31, 2004
BANK: LA SALLE BANK, CHICAGO, IL
ACCOUNT NAME: GENERAL ACCOUNT
ACCOUNT NUMBER:
DATE CHECK DESCRIPTION AMOUNT
3/12/2004 PAYROLL $ 2,484.61
3/15/2004 PAYROLL $ 30,652.23
3/26/2004 PAYROLL $ 6,715.19
3/31/2004 PAYROLL $ 31,015.85
PROPERTY TAX ESCROW $ 2,400.00
DAILY DISBURSEMENTS $238,774.20
TOTAL DISBURSEMENTS $312,042.08
Operating Report Page 4
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: DONLAR CORPORATION CASE NUMBER 04-07455
FOR MONTH ENDING MARCH 31, 2004
STATEMENT OF INVENTORY
BEGINNING INVENTORY $422,158.00
ADD PURCHASES $189,440.00
LESS COST OF GOODS SOLD $ 95,394.00
ENDING INVENTORY $516,204.00
PAYROLL INFORMATION STATEMENT
GROSS PAYROLL $101,746.49
PAYROLL TAXES DUE BUT UNPAID $ 16,696.63
STATUS OF PAYMENTS TO SECURED CREDITORS AND LESSORS
DATE CHECK DESCRIPTION AMOUNT
03/22/04 5198 IOS Capital $ 202.58
03/29/04 5215 Avaya $ 455.11
Total $ 657.69
Operating Report Page 5
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: DONLAR CORPORATION CASE NUMBER 04-07455
FOR MONTH ENDING MARCH 31, 2004
STATEMENT OF AGED RECEIVABLES
BEGINNING OF MONTH BALANCE $537,654.52
ADD SALES $442,785.19
LESS COLLECTIONS $340,423.37
LESS BANK CHARGES $ (150.00)
END OF MONTH BALANCE $639,866.34
AGING
0 - 30 DAYS $447,614.54
31 -60 DAYS $192,261.80
61 -90 DAYS $ --
OVER 90 DAYS $ (10.00)
TOTAL $639,866.34
STATEMENT OF ACCOUNTS PAYABLE (POST-PETITION)
BEGINNING OF MONTH BALANCE 0
ADD INVOICES $388,272.03
LESS PAYMENTS $241,174.20
END OF MONTH BALANCE $147,097.83
AGING
0 - 30 DAYS $147,097.83
31 -60 DAYS $ --
61 -90 DAYS $ --
OVER 90 DAYS $ --
TOTAL $147,097.83
ITEMIZE ALL POST-PETITION PAYABLES OVER 30 DAYS OLD.
Operating Report Page 6
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: DONLAR CORPORATION CASE NUMBER 04-07455
FOR MONTH ENDING MARCH 31, 2004
TAX QUESTIONNAIRE
DEBTORS IN POSSESSION ARE REQUIRED TO PAY ALL TAXES INCURRED AFTER THE
FILING OF THEIR CHAPTER 11 PETITION ON AN AS DUE BASIS. INDICATE WHETHER THE
FOLLOWING POST PETITION TAXES OR WITHHOLDINGS HAVE BEEN PAID CURRENTLY.
YES NO
1 FEDERAL INCOME TAXES X
2 FICA WITHHOLDINGS X
3 EMPLOYEE'S WITHHOLDINGS X
4 EMPLOYER'S FICA X
5 FEDERAL UNEMPLOYMENT TAXES X
6 STATE INCOME TAXES X
7 STATE EMPLOYEE WITHHOLDINGS X
8 ALL OTHER STATE TAXES X
Operating Report Page 7
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
DECLARATION UNDER PENALTY OF PERJURY
I, Thomas E. Poggensee, acting as the duly authorized agent for the Debtor in
Possession declare under penalty of perjury under the laws of the United States
that I have read and I certify that the figures, statements, disbursement
itemizations, and account balances as listed in the Monthly Report of the Debtor
are true and correct as of the date of this report to the best of my knowledge,
information and belief.
/S/ Thomas E. Poggensee
------------------------------
For the Debtor in Possession
Thomas E. Poggensee
Vice President - Finance & Administration
Dated: April 8, 2004
Operating Report Page 8