Attached files
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8-K - FORM 8-K - MIDWAY GAMES INC | c58287e8vk.htm |
Exhibit 99.1
UNITED STATES BANKRUTCY COURT
DISTRICT OF DELAWARE
DISTRICT OF DELAWARE
In re: | Case No. 09-10465 (KG) | |
Midway Games Inc., et. al., | Jointly Administered | |
Debtors | Reporting Period: 02/01/10 - 02/28/10 |
MONTHLY OPERATING REPORT
Document | Affidavit | |||||
REQUIRED DOCUMENTS | Form No. | Attached | Attached | |||
Schedule of Cash Receipts and Disbursements
|
MOR -1 | X | ||||
Bank Reconciliations, Copies of Bank
Statements and Cash Disbursements Journals
|
MOR -la | X | ||||
Schedule of Professional Fees Paid
|
MOR -lb | X | ||||
Statements of Operations
|
MOR -2 | X | ||||
Balance Sheets
|
MOR -3 | X | ||||
Status of Postpetition Taxes
|
MOR -4 | X | ||||
Summary of Unpaid Postpetition Accounts Payable
|
MOR -4 | X | ||||
Accounts Receivable Reconciliation and Aging
|
MOR -5 | X | ||||
Debtor Questionnaire
|
MOR -5 | X |
I declare under the 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/ Ryan G. ODesky
|
5/13/10 | |
Ryan G. ODesky
|
Date | |
Chief Financial Officer and Treasurer |
The Debtors are: Midway Games Inc., Midway Home Entertainment Inc., Midway
Amusement Games, LLC, Midway Interactive Inc., Surreal Software Inc., Midway
Studios Austin Inc., Midway Studios Los Angeles Inc., Midway Games West
Inc., Midways Home Studios Inc., and Midway Sales Company, LLC.
1 of 13
In re: | Case No. 09-10465 (KG) | |
Midway Games Inc., et al., | Jointly Administered | |
Debtors | Reporting Period: 02/01/10 02/28/10 |
MOR-1: SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS
FOR THE MONTH ENDED FEBRUARY 28, 2010
FOR THE MONTH ENDED FEBRUARY 28, 2010
Midway | Midway | |||||||||||||||||||||||||||||||||||||||||||
Home | Midway | Midway | Studios | |||||||||||||||||||||||||||||||||||||||||
Entertainment | Amusement | Midway | Midway Games | Midway Home | Midway Sales | Surreal | Studios | Los Angeles | Midway | Current Month | ||||||||||||||||||||||||||||||||||
Debtor | Inc. | Games, LLC | Interactive Inc. | West Inc. | Studios Inc. | Company, LLC | Software Inc. | Austin Inc. | Inc. | Games Inc. | Total | |||||||||||||||||||||||||||||||||
Cash at
beginning of the month |
$ | 72,162,031.00 | ($14,668,661.08 | ) | $ | (6,332.90 | ) | ($650.00 | ) | ($650.00 | ) | ($650.00 | ) | ($4,165,506.17 | ) | $ | 380,255.70 | ($4,820.71 | ) | ($14,297,112.04 | ) | $ | 39,397,903.80 | |||||||||||||||||||||
RECEIPTS |
||||||||||||||||||||||||||||||||||||||||||||
Trade accounts receivable |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||||||||||
Cash held in trust |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||||||||||
Proceeds related to asset sales |
30,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 30,000.00 | |||||||||||||||||||||||||||||||||
Other |
185,572.11 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.31 | 185,576.42 | |||||||||||||||||||||||||||||||||
Total Receipts |
$ | 215,572.11 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 4.31 | $ | 215,576.42 | ||||||||||||||||||||||
DISBURSEMENTS |
||||||||||||||||||||||||||||||||||||||||||||
Cost of goods sold |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | |||||||||||||||||||||||||||||||||
Payroll |
292.24 | 514.54 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 17.66 | 0.00 | 29,257.14 | 48,001.58 | |||||||||||||||||||||||||||||||||
Royalties |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | |||||||||||||||||||||||||||||||||
Sales commissions |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | |||||||||||||||||||||||||||||||||
Rent
facilities /equipment/taxes |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,000.00 | 1.000.00 | |||||||||||||||||||||||||||||||||
Utilities |
0.00 | 6,948.08 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 5,921.71 | 12,869.79 | |||||||||||||||||||||||||||||||||
Benefits |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | |||||||||||||||||||||||||||||||||
Insurance |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||||||||||
IT equipment |
0.00 | 1,114.43 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,114.43 | |||||||||||||||||||||||||||||||||
Legal |
0.00 | 1,938.76 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4,498.70 | 6,437.46 | |||||||||||||||||||||||||||||||||
Maintenance |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | |||||||||||||||||||||||||||||||||
Shipping |
0.00 | 551.82 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 551.82 | |||||||||||||||||||||||||||||||||
Supplies |
0.00 | 1,445.94 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,445.94 | |||||||||||||||||||||||||||||||||
Consultants and contractors |
0.00 | 110.11 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 110.11 | |||||||||||||||||||||||||||||||||
Board of Directors |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||||||||||
Employee expense reports |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,108.12 | 1,108.12 | |||||||||||||||||||||||||||||||||
Taxes |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||||||||||
Purchasing curds |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | |||||||||||||||||||||||||||||||||
Subtotal operating disbursements |
292.24 | 12,623.68 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 17.66 | 0.00 | 41,785.67 | 54,719,25 | |||||||||||||||||||||||||||||||||
US Trustee fees |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||||||||||
Huron Consulting Group |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||||||||||
Blank Rome LLP |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | |||||||||||||||||||||||||||||||||
Ernst & Young, LLP Midway Auditors |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | |||||||||||||||||||||||||||||||||
Dewey & LeBoeuf LLP |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | |||||||||||||||||||||||||||||||||
Milbank,
Tweed, Hadley & McCloy LLP |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | |||||||||||||||||||||||||||||||||
Richards, Layton & Finger, P.A. |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 29,788.61 | 29,788.61 | |||||||||||||||||||||||||||||||||
FTI Consulting, Inc. |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | |||||||||||||||||||||||||||||||||
Incentive Bonus |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||||||||||
Lazard Freres and Co. LLC |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||||||||||
De Pardieu Brocas Maffei |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||||||||||
Epiq Bankruptcy Solutions |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 15,207.75 | 15,207.75 | |||||||||||||||||||||||||||||||||
Kramer Levin Naftalis |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||||||||||
Venturity Financial Partners |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 13,232.55 | 13,232.55 | |||||||||||||||||||||||||||||||||
Subtotal restructuring disbursements |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 58,228.91 | 58,228.91 | |||||||||||||||||||||||||||||||||
Total Disbursements |
$ | 292.24 | $ | 12,623.68 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 17.66 | $ | 0.00 | $ | 100,014.58 | $ | 112,948.16 | ||||||||||||||||||||||
Receipts less disbursements |
$ | 215,279.87 | ($12,623.68 | ) | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ($17.66 | ) | ($0.00 | ) | ($100,010.27 | ) | $ | 102,628.26 | ||||||||||||||||||||||
Cash at end of the month |
$ | 72,377,310.87 | $ | (14,681,284.76 | ) | $ | (6,332.90 | ) | $ | (650.00 | ) | $ | (650.00 | ) | $ | (650.00 | ) | $ | (4,165,506.17 | ) | $ | 380,238.04 | $ | (4,820.71 | ) | ($14,397,122.31 | ) | $ | 39,500,532.06 | |||||||||||||||
General Notes: | ||
1) | Cash balances may not be same as the bank statements or ledger balances as they do not reflect unavailable funds, outstanding checks and other timing differences. | |
2) | Included in the cash at the end of the month is one restricted letter of credit at Midway Studios Austin Inc. (MSA) for $24,860. | |
3) | Disbursements reflect when the disbursement accounts are funded rather than when the item clears the bank. | |
4) | Timing of receipts and internal accounting can cause period-end discrepancies in respective intercompany reporting. | |
5) | Because there were no transfers to debtors in possession accounts or estate disbursements made by outside sources, the total disbursements line above will be used to calculate U.S. Trustee quarterly fees. | |
6) | U.S. Trustee quarterly fees are paid by Midway Games Inc. (MGI) on behalf of each Debtor and expenses are allocated based on fees calculated for each Debtor. | |
7) | Proceeds form assets sales reported at MHE were recieved upon completion of the sale of certain fixed assets to various third parties. | |
8) | Other cash reciepts reported at MHE includes $129k payment received from Microsoft for Corporate Trade Payment and a double payment of $30k received from Electronics Arts for intellectual property to be returned in May 10. |
FORM
MOR-1
2 of 13
In re: Midway Games Inc., et al., Debtors |
Case No. 09-10465 et seq. (KG) Jointly Administered Reporting Period: 02/01/10-02/28/10 |
MOR-1A: BANK RECONCILIATIONS CERTIFICATION
I, Ryan G. ODesky, Chief Financial Officer and Treasurer of Midway Games
Inc., hereby certify that, to the best of my knowledge, information, and
belief, all of the Debtors bank account balances for the reporting period
ended February 28, 2010 have been reconciled to monthly bank statements in an
accurate and timely manner. The attached schedule lists each of the Debtors
bank accounts and the book balance of the respective account as of the end of
the reporting period. No bank accounts were opened or closed during the
reporting period.
/s/ Ryan G. ODesky | 5/13/10 | |||
Ryan G. ODesky | Date | |||
Chief Financial Officer and Treasurer | ||||
FORM MOR-1A
3 of 13
UNITED STATES BANKRUPTCY COURT
DISTRICT OF DELAWARE
DISTRICT OF DELAWARE
In re: Midway Games Inc., et al., Debtors |
Case No. 09-10465 (KG) Jointly Administered Reporting Period: 02/01/10 - 02/28/10 |
MOR-1A: DEBTORS BANK ACCOUNTS
Debtor | Bank/Institution | Account Number | Book Balance | |||||||||
Midway Home Entertainment Inc. |
Wells Fargo Bank N.A. | #583884 | $ | 0.00 | ||||||||
Midway Home Entertainment Inc. |
Wells Fargo Bank N.A. | #4030110425 | $ | 0.00 | ||||||||
Midway Home Entertainment Inc. |
Bank of America | #8765261617 | $ | 201,289.66 | ||||||||
Midway Home Entertainment Inc. |
Bank of America | #8666525641 | $ | 211,682.34 | ||||||||
Midway Home Entertainment Inc. |
Bank of America | #8188615313 | $ | 50,296.84 | ||||||||
Midway Home Entertainment Inc. |
Bank of America | #8188615318 | $ | 37,902,049.34 | ||||||||
Midway Amusement Games, LLC |
Bank of America | #8765763067 | $ | 153,854.55 | ||||||||
Midway Amusement Games, LLC |
Bank of America | #8666305125 | $ | 54,780.05 | ||||||||
Midway Amusement Games, LLC |
Bank of America | #8666018766 | $ | 3,292.51 | ||||||||
Midway Amusement Games, LLC |
Wells Fargo Bank N.A. | #4030010797 | $ | 0.00 | ||||||||
Midway Amusement Games, LLC |
JP Morgan | #806021788 | $ | 0.00 | ||||||||
Surreal Software Inc. |
Bank of America | #8765216044 | $ | 4,169.23 | ||||||||
Midway Studios Austin Inc. |
Wells Fargo Bank N.A. | #561549 | 24,860 | |||||||||
Midway Studios Austin Inc. |
Bank of America | #8765216049 | $ | 39,198.85 | ||||||||
Midway Studios Los Angeles Inc. |
Bank of America | #8765216063 | $ | 2,323.40 | ||||||||
Midway Games Inc. |
Bank of America | #8666302112 | $ | 0.00 | ||||||||
Midway Games Inc. |
Bank of America | #8765763147 | $ | 198,025.67 | ||||||||
Midway Games Inc. |
Bank of America | #8666302112 | $ | 486,355.26 | ||||||||
Midway Games Inc. |
Bank of America | #8188615332 | $ | 70.00 |
The Debtors affirm that no bank accounts were opened in the period.
4 of 13
In re: Midway Games Inc., et al., Debtors |
Case No. 09-10465 (KG) Jointly Administered Reporting Period: 02/01/10-02/28/10 |
MOR-1B: SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID
Period | Amount | Check | Amount Paid | Filing to Date | ||||||||||||||||||||||||||||||||
Payee | Covered | Approved | Payer | Date | Number | Fees | Expenses | Fees | Expenses | |||||||||||||||||||||||||||
Blank Rome LLP 1
|
$ | 2,160,331.71 | $ | 72,468.95 | ||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||
Kramer Levin Naftalis
2
|
$ | 232,546.50 | $ | 4,786.13 | ||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||
Mesirow Financial 2
|
$ | 50,000.00 | $ | 0.00 | ||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||
Dewey & LeBoeuf
LLP 3
|
$ | 608,963.85 | $ | 51,366.96 | ||||||||||||||||||||||||||||||||
Ernst & Young,
LLP 4
|
$ | 168,823.80 | $ | 836.00 | ||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||
Milbank,
Tweed Hadley & McCIoy LLP 5
|
$ | 2,366,481.75 | $ | 201,848.93 | ||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||
Richards, Layton &
Finger, P.A. 6
|
11/01/09-11/30/09 | $ | 15,670.48 | Midway Games Inc. | 02/18/10 | CHK: 75050 | $ | 11,962.40 | $ | 3,708.08 | ||||||||||||||||||||||||||
|
12/01/09-12/31/09 | $ | 14,118.13 | Midway Games Inc. | 02/25/10 | CHK: 75053 | $ | 11,514.80 | $ | 2,603.33 | $ | 268,392.20 | $ | 36,335.55 | ||||||||||||||||||||||
FTI Consulting, Inc.
7
|
$ | 1,465,174.07 | $ | 20,500.87 | ||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||
Lazard Freres &
Co. LLC 8
|
$ | 581,785.71 | $ | 7,890.64 | ||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||
Huron Consulting Group
9
|
$ | 94,857.40 | $ | 0.00 | ||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||
De Pardieu Brocas Maffei
10
|
$ | 9,210.59 | $ | 0.00 | ||||||||||||||||||||||||||||||||
Venturity Financial Partners LLC 11
|
12/01/09-12/31/09 | $ | 13,232.55 | Midway Games Inc. | 02/18/10 | CHK: 75057 | $ | 11,980.00 | $ | 1,252.55 | $ | 11,980.00 | $ | 1,252.55 | ||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||
|
$ | 35,457.20 | $ | 7,563.96 | $ | 8,018,547.58 | $ | 397,286.58 | ||||||||||||||||||||||||||||
|
1 | Lead bankruptcy counsel for the Debtors | |
2 | Lead counsel and financial advisors working on behalf of Thomas Parties | |
3 | Special counsel to the independent members of the post-petition Board of Directors of the Debtors | |
4 | Independent auditor to the Debtors | |
5 | Counsel to the Official Committee of Unsecured Creditors | |
6 | Co-counsel to the Official Committee of Unsecured Creditors | |
7 | Financial advisor to the Official Committee of Unsecured Creditors | |
8 | Investment banker to the Debtors | |
9 | Bankruptcy consultants to the Debtors | |
10 | Counsel to the Official Committee of Unsecured Creditors | |
11 | Accounting services provider to the Debtors |
FORM MOR-1B
5 of 13
In re: | Case No. 09-10465 (KG) | |
Midway Games Inc., et al., | Jointly Administered | |
Debtors | Reporting Period: 2/1/10 to 2/28/10 |
MOR-2: STATEMENTS OF OPERATIONS
FOR THE MONTH ENDED JANUARY 31, 2010
FOR THE MONTH ENDED JANUARY 31, 2010
Midway | Midway | |||||||||||||||||||||||||||||||||||||||||||||||
Midway Home | Amusement | Interactive | Midway Games | Midway Home | Midway Sales | Surreal Software | Midway Studios | Midway Studios | ||||||||||||||||||||||||||||||||||||||||
Entertainment, Inc. | Games, LLC | Inc. | West Inc. | Studios Inc. | Company, LLC | Inc. | Austin Inc. | Los Angeles Inc. | Midway Games Inc. | Adjustments and | ||||||||||||||||||||||||||||||||||||||
Case number for individual Debtors | 09-10467 | 09-10466 | 09-10468 | 09-10472 | 09-10473 | 09-10474 | 09-10469 | 09-10470 | 09-10471 | 09-10465 | Allocations (1) | Total of All Debtors | ||||||||||||||||||||||||||||||||||||
REVENUES |
||||||||||||||||||||||||||||||||||||||||||||||||
Gross sales |
$ | | $ | | $ | | $ | | $ | | $ | | $ | | $ | | $ | | $ | | $ | | $ | | ||||||||||||||||||||||||
Royalty and other revenue |
| 402.29 | | | | | | | | | | 402.29 | ||||||||||||||||||||||||||||||||||||
Allowances |
| | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||
Net revenues |
| 402.29 | | | | | | | | | | 402.29 | ||||||||||||||||||||||||||||||||||||
COST OF GOODS SOLD |
||||||||||||||||||||||||||||||||||||||||||||||||
Product costs and distribution |
| | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||
Royalties |
| | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||
Product development costs |
| | | | | | | | | | | |||||||||||||||||||||||||||||||||||||
Total cost of goods sold |
| | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||
Gross profit |
| 402.29 | | | | | | | | | | 402.29 | ||||||||||||||||||||||||||||||||||||
OPERATING EXPENSES |
||||||||||||||||||||||||||||||||||||||||||||||||
Rent expense |
(7,483.87 | ) | | | | | | | | | 600.00 | | (6,883.87 | ) | ||||||||||||||||||||||||||||||||||
Insurance |
| | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||
Payroll and benefits |
| | | | | | | | | 27,581.59 | | 27,581.59 | ||||||||||||||||||||||||||||||||||||
All other administrative |
2,565.39 | 4,201.89 | | | | | | 17.66 | | 35,215.47 | | 42,000.41 | ||||||||||||||||||||||||||||||||||||
Total operating expenses |
(4,918.48 | ) | 4,201.89 | | | | | | 17.66 | | 63,397.06 | | 62,698.13 | |||||||||||||||||||||||||||||||||||
Net Profit (Loss) Before Other Income &
Expenses |
4,918.48 | (3,799.60 | ) | | | | | | (17.66 | ) | | (63,397.06 | ) | | (62,295.84 | ) | ||||||||||||||||||||||||||||||||
OTHER INCOME AND EXPENSES |
||||||||||||||||||||||||||||||||||||||||||||||||
Interest income |
(7,266.47 | ) | | | | | | | | | (4.31 | ) | | (7,270.78 | ) | |||||||||||||||||||||||||||||||||
Interest expense |
| | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||
Other (income) and
expense, net |
(38,373.68 | ) | | | | | | (3,267.03 | ) | | | | | (41,640.71 | ) | |||||||||||||||||||||||||||||||||
Income (loss) before reorganization items |
50,558.63 | (3,799.60 | ) | | | | | 3,267.03 | (17.66 | ) | | (63,392.75 | ) | | (13,384.35 | ) | ||||||||||||||||||||||||||||||||
REORGANIZATION ITEMS |
||||||||||||||||||||||||||||||||||||||||||||||||
Professional fees (2) |
| | | | | | | | | 318,808.40 | | 318,808.40 | ||||||||||||||||||||||||||||||||||||
U.S. Trustee quarterly fees (3) |
| | | | | | | | | 990.00 | | 990.00 | ||||||||||||||||||||||||||||||||||||
Total reorganization expenses |
| | | | | | | | | 319,798.40 | | 319,798.40 | ||||||||||||||||||||||||||||||||||||
Provision for income taxes |
| | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||
Net income (loss) |
$ | 50,558.63 | $ | (3,799.60 | ) | $ | | $ | | $ | | $ | | $ | 3,267.03 | $ | (17.66 | ) | $ | | $ | (383,191.15 | ) | $ | | $ | (333,182.75 | ) | ||||||||||||||||||||
NOTES:
GENERAL In the ordinary course of business, individual Debtors may make payments to third
parties on behalf of other Debtor entities. When this occurs, receivable and payable amounts
are recorded at the paying and receiving entities, respectively, for the value of each such
payment made. Amounts owed by Debtor entities to other Midway Games Inc. (MGI) subsidiaries
are repaid in accordance with company policy. For example, all payroll-related payments are
made to employees through Midway Home Entertainment Inc. (MHE) and the related expenses are
reported by each employees legal entity; each legal entity with employees incurs a liability
to MHE for the amounts paid. Also, no Insider Compensation expenses outside of the normal
course of business were incurred during the period presented.
(1) | In performing the accounting for its day-to-day operations. MGI and its Debtor and non-Debtor affiliates had previously allocated common expenses among MGI subsidiaries and capitalized qualifying product development expenses in accordance with U.S. generally accepted accounting principles (GAAP). As a result of the reduced amount of these common expenses and the discontinuation of the capitalization of product development expenses, no amounts were reported in the Adjustments and Allocations column for February 2010. | |
(2) | Professional Fees, which are paid by MGI, are recorded as expense when incurred. All of these fees represent accruals and have not been paid as of February 28, 2010. No allocation of the benefits of such fees has been made to any other Debtor or non-Debtor entities. In addition to the amounts reported in this line item, $2,413,078 in fees have either been submitted to the Bankruptcy Court for approval or have been approved by the Bankruptcy Court but payment had not yet been made as of February 28, 2010. | |
(3) | U.S. Trustee Quarterly Fees are estimated and were invoiced and paid in April 2010 for the period from January-March 2010. |
FORM MOR-2
6 of 13
In re: | Case No. 09-10465(KG) | |
Midway Games Inc., et al., | Jointly Administered | |
Debtors | Reporting Period: 02/01/10 to 02/28/10 |
MOR-3: BALANCE SHEETS
February 28, 2010
February 28, 2010
Midway Home | Midway Amusement | Midway Interactive | Midway Games | Midway Home | Midway Sales | |||||||||||||||||||
Entertainment Inc. | Games, LLC | Inc. | West Inc. | Studios Inc. | Company, LLC | |||||||||||||||||||
Case number for individual Debtors | 09-10467 | 09-10466 | 09-10468 | 09-10472 | 09-10473 | 09-10474 | ||||||||||||||||||
ASSETS |
||||||||||||||||||||||||
CURRENT ASSETS |
||||||||||||||||||||||||
Cash and cash equivalents |
$ | 38,365,318.18 | $ | 211,927.11 | $ | | $ | | $ | | $ | | ||||||||||||
Restricted cash |
| | | | | | ||||||||||||||||||
Receivables, gross |
409,666.00 | 67,831.98 | | | | | ||||||||||||||||||
Allowances |
(409,666.00 | ) | (67,831.98 | ) | | | | | ||||||||||||||||
Receivables, net |
| | | | | | ||||||||||||||||||
Inventories |
| | | | | | ||||||||||||||||||
Prepaid expenses and
other current assets |
13,647.00 | 38,960.85 | | | | | ||||||||||||||||||
TOTAL CURRENT ASSETS |
38,378,965.18 | 250,877.96 | | | | | ||||||||||||||||||
Property and equipment,
net (2) |
| | | | | | ||||||||||||||||||
Investment in subsidiaries
(3) |
| | 29,265,000.00 | (29,265,000.00 | ) | | | |||||||||||||||||
Due from Debtors |
240,140,302.75 | 310,078,384.68 | 430,000.00 | 32,428,938.86 | | | ||||||||||||||||||
Due from non-Debtor MGI
subsidiaries |
195,040.77 | | | | | | ||||||||||||||||||
TOTAL ASSETS |
$ | 278,714,308.70 | $ | 310,329,272.64 | $ | 29,695,000.00 | $ | 3,163,938.86 | $ | | $ | | ||||||||||||
LIABILITIES AND
STOCKHOLDERS EQUITY
(DEFICIT) |
||||||||||||||||||||||||
LIABILITIES NOT SUBJECT TO COMPROMISE (Post-petition) | ||||||||||||||||||||||||
Amounts due to Insiders
(4) |
| | | | | | ||||||||||||||||||
Accounts payable |
1,189,855.41 | 88,724.95 | | | | | ||||||||||||||||||
Accrued compensation and
related benefits (5) |
11,779.46 | (72,739.15 | ) | | | | | |||||||||||||||||
Accrued royalties |
168,188.75 | | | | | | ||||||||||||||||||
Accrued selling and
marketing |
1,355.35 | | | | | | ||||||||||||||||||
Deferred revenue |
| | ||||||||||||||||||||||
Current portion of
long-term debt |
| | | | | | ||||||||||||||||||
Convertible senior
notes, less unamortized
discount |
| | | | | | ||||||||||||||||||
Other accrued liabilities |
405,159.35 | (354,701.44 | ) | | | | | |||||||||||||||||
TOTAL
POST-PETITION
LIABILITIES |
1,776,338.32 | (383,715.64 | ) | | | | | |||||||||||||||||
LIABILITIES SUBJECT TO COMPROMISE (Pre-Petition) (6) | ||||||||||||||||||||||||
Secured liabilities |
$ | 1,086.71 | $ | | $ | | $ | | $ | | $ | | ||||||||||||
Priority liabilities |
409,119.25 | 868,739.94 | | | | | ||||||||||||||||||
Non-priority liabilities |
245,794,138.85 | 564,106,878.04 | 22,957,000.00 | 48,011,629.43 | | | ||||||||||||||||||
TOTAL PRE-PETITION
LIABILITIES |
246,204,344.81 | 564,975,617.98 | 22,957,000.00 | 48,011,629.43 | | | ||||||||||||||||||
Due to Debtors |
12,579,843.66 | 21,929,596.31 | | | | | ||||||||||||||||||
Due to non-Debtor MGI
subsidiaries |
| | | | | | ||||||||||||||||||
Deferred income taxes |
13,012,498.00 | | | | | | ||||||||||||||||||
STOCKHOLDERS EQUITY
(DEFICIT) |
||||||||||||||||||||||||
Common stock |
1,000.00 | | | | | | ||||||||||||||||||
Additional paid-in
capital |
1,704,243.52 | | 2,750,000.00 | (186,000.00 | ) | | | |||||||||||||||||
Retained earnings
(accumulated deficit) |
3,436,040.39 | (276,237,226.01 | ) | 3,988,000.00 | (44,661,690.57 | ) | | | ||||||||||||||||
Postpetition
contributions
(distributions) (draws)
(5) |
| | | | | | ||||||||||||||||||
Treasury stock |
| | | | | | ||||||||||||||||||
TOTAL STOCKHOLDERS
EQUITY (DEFICIT) |
5,141,283.91 | (276,237,226.01 | ) | 6,738,000.00 | (44,847,690.57 | ) | | | ||||||||||||||||
TOTAL LIABILITIES AND
STOCKHOLDERS EQUITY
(DEFICIT) |
$ | 278,714,308.70 | $ | 310,329,272.64 | $ | 29,695,000.00 | $ | 3,163,938.86 | $ | | $ | | ||||||||||||
7 of 13
In re: | Case No. 09-10465(KG) | |
Midway Games Inc., et al., | Jointly Administered | |
Debtors | Reporting Period: 02/01/10 to 2/28/10 |
MOR-3: BALANCE SHEETS (continued)
February 28, 2010
February 28, 2010
Midway Studios | Midway Studios | Midway Games | ||||||||||||||||||
Surreal Software Inc. | Austin Inc. | Los Angeles Inc. | Inc. | |||||||||||||||||
Case number for individual Debtors | 09-10469 | 09-10470 | 09-10471 | 09-10465 | Total of All Debtors (1) | |||||||||||||||
ASSETS |
||||||||||||||||||||
CURRENT ASSETS |
||||||||||||||||||||
Cash and cash
equivalents |
$ | 4,169.23 | $ | 39,198.85 | $ | 2,323.40 | $ | 684,450.93 | $ | 39,307,387.70 | ||||||||||
Restricted cash |
| | | 24,860.00 | 24,860.00 | |||||||||||||||
Receivables, gross |
| | | | 477,497.98 | |||||||||||||||
Allowances |
| | | | (477,497.98 | ) | ||||||||||||||
Receivables, net |
| | | | | |||||||||||||||
Inventories |
| | | | | |||||||||||||||
Prepaid expenses and
other current assets |
| | | 1,200.00 | 53,807.85 | |||||||||||||||
TOTAL CURRENT
ASSETS |
4,169.23 | 39,198.85 | 2,323.40 | 710,510.93 | 39,386,055.55 | |||||||||||||||
Property and equipment, net
(2) |
| | | | | |||||||||||||||
Investment in subsidiaries
(3) |
| | | 21,472,773.11 | 21,472,773.11 | |||||||||||||||
Due from Debtors |
| 253,368.44 | 156,098.20 | 659,659,980.37 | 1,243,147,073.30 | |||||||||||||||
Due from non-Debtor MGI
subsidiaries |
| | | 3,798,333.69 | 3,993,374.46 | |||||||||||||||
TOTAL ASSETS |
$ | 4,169.23 | $ | 292,567.29 | $ | 158,421.60 | $ | 685,641,598.10 | $ | 1,307,999,276.42 | ||||||||||
LIABILITIES AND
STOCKHOLDERS EQUITY
(DEFICIT) |
||||||||||||||||||||
LIABILITIES NOT SUBJECT TO
COMPROMISE (Post-petition) |
||||||||||||||||||||
Amounts due to Insiders
(4) |
| | | | | |||||||||||||||
Accounts payable |
10,980.05 | 83,036.70 | (2,906.34 | ) | 91,629.24 | 1,461,320.01 | ||||||||||||||
Accrued compensation and
related benefits (5) |
11,216.52 | (30,601.51 | ) | (5,894.61 | ) | 2,691.63 | (83,547.76 | ) | ||||||||||||
Accrued royalties |
| | | | 168,188.75 | |||||||||||||||
Accrued selling and
marketing |
| | | | 1,355.35 | |||||||||||||||
Deferred revenue |
| | | | | |||||||||||||||
Current portion of
long-term debt |
| | | | | |||||||||||||||
Convertible senior
notes, less unamortized
discount |
| | | | | |||||||||||||||
Other accrued liabilities |
(16,103.22 | ) | 113,621.75 | 11,871.31 | 3,617,091.81 | 3,776,939.56 | ||||||||||||||
TOTAL POST-PETITION
LIABILITIES |
6,093.35 | 166,056.94 | 3,070.36 | 3,711,412.68 | 5,324,256.01 | |||||||||||||||
LIABILITIES SUBJECT TO
COMPROMISE (Pre-Petition)
(6) |
||||||||||||||||||||
Secured liabilities |
$ | | $ | 4,029.62 | $ | | $ | | $ | 5,116.33 | ||||||||||
Priority liabilities |
172,202.55 | 47,932.43 | 4,884.62 | 228,056.03 | 1,730,934.82 | |||||||||||||||
Non-priority liabilities |
49,191,595.71 | 64,740,369.34 | 30,531,064.78 | 338,089,036.87 | 1,363,421,713.02 | |||||||||||||||
TOTAL PRE-PETITION
LIABILITIES |
49,363,798.26 | 64,792,331.39 | 30,535,949.40 | 338,317,092.90 | 1,365,157,764.17 | |||||||||||||||
Due to Debtors |
3,714,858.98 | 725,934.94 | 32,792.16 | 42,335,144.33 | 81,318,170.38 | |||||||||||||||
Due to non-Debtor MGI
subsidiaries |
| | | | | |||||||||||||||
Deferred income taxes |
| | | | 13,012,498.00 | |||||||||||||||
STOCKHOLDERS EQUITY
(DEFICIT) |
||||||||||||||||||||
Common stock |
| | | 935,403.55 | 936,403.55 | |||||||||||||||
Additional paid-in
capital |
4,187,009.00 | 2,575,167.27 | 3,594,163.08 | 522,497,846.03 | 537,122,428.90 | |||||||||||||||
Retained earnings
(accumulated deficit) |
(57,267,590.36 | ) | (67,966,923.25 | ) | (34,007,553.40 | ) | (212,172,266.62 | ) | (685,089,209.82 | ) | ||||||||||
Postpetition
contributions
(distributions) (draws)
(5) |
| | | | | |||||||||||||||
Treasury slock |
| | | (9,783,034.77 | ) | (9,783,034.77 | ) | |||||||||||||
TOTAL STOCKHOLDERS
EQUITY (DEFICIT) |
(53,080,581.36 | ) | (65,391,755.98 | ) | (30,413,390.32 | ) | 301,277,948.19 | (156,813,412.14 | ) | |||||||||||
TOTAL LIABILITIES
AND STOCKHOLDERS EQUITY
(DEFICIT) |
$ | 4,169.23 | $ | 292,567.29 | $ | 158,421.60 | $ | 685,641,598.10 | $ | 1,307,999,276.42 | ||||||||||
8 of 13
In re: | Case No. 09-10465(KG) | |
Midway Games Inc., et. al., | Jointly Administered | |
Debtors | Reporting Period: 2/1/10 to 2/28/10 |
MOR-3: BALANCE SHEETS
NOTES: | ||
GENERAL In the ordinary course of business, individual Debtors may make payments to third parties on behalf of other Debtor entities. When this occurs, receivable and payable amounts are recorded at the paying and receiving entities, respectively, for the value of each such payment made Amounts owed by Debtor entities to other Midway Games Inc. (MGI) subsidiaries are repaid in accordance with company policy. For example, all payroll-related payments are made to employees through Midway Home Entertainment Inc. (MHE) and the related employees legal entity; each legal entity with employees incurs a liability to MHE for the amounts paid. | ||
(1) | Each individual entitys balances are presented in their respective columns, this Total of All Debtors column is provided 10 show the balances of the bined Debtor entities as a whole for information purposes only. | |
(2) | As a result of the sales of assets to WBEI and THQ Inc., the remaining fixed assets of the Debtors except for those being used at its corporate offices (recorded at MGI) were determined to have a value of zero; therefore, these balances have been written down to zero. | |
(3) | Investment in subsidiaries represent amounts invested by certain MGI subsidiaries in other MGI subsidiaries. Negative amounts are reported in this line item by the investee subsidiary to represent the amounts invested in that subsidiary. | |
(4) | Insiders are defined as directors and officers of any Debtor entities or non-Debtor MGI subsidiaries. There were no amounts due to Insiders outside of the normal course of business as of February 28, 2010. | |
(5) | Accrued compensation and related benefits exclude amounts owed as of the petition date for paid time off, severance, relocation and supplemental insurance; these amounts are included in the Pre-petition Liabilities section. Certain amounts have been paid post-petition related to these pre-petition amounts owed. The accruals for paid time off fluctuate based on employees usage of paid time off earned. Similarly, the liability for paid time off for MGI employees is recorded by Midway Amusement Games, LLC (MAG), but is reported as a pre-petition liability by MGI. In both of these instances, accrued compensation and related benefits reported by the Debtor entities that incurred the liability have been reduced by these amounts. The accrued compensation and benefits amounts owed to employees who were hired by WBEI and THQ Inc. in connection with those asset sales have been removed from the books as these amounts are now the responsibility of the purchasers. | |
(6) | Pre-petition liabilities as of the current balance sheet date include post-petition amounts paid or applied, pursuant to Bankruptcy Court orders, to claims previously reported as of the petition date in the Schedules of Assets and Liabilities. |
9 of 13
In re: Midway Games Inc., et al., Debtors |
Case No. 09-10465 et seq. (KG) Jointly Administered Reporting Period: 02/01/10-02/28/10 |
MOR-4: DECLARATION REGARDING THE STATUS OF POSTPETITION TAXES
FOR THE REPORTING PERIOD ENDED FERUARY 28, 2010
FOR THE REPORTING PERIOD ENDED FERUARY 28, 2010
Ryan G,
ODesky hereby declares and states:
1. I am Chief Financial Officer and Treasurer for Midway Games Inc.
and its affiliated debtors and debtors in possession (the Debtors) in Case
No. 09-10465 et seq. (KG) (Jointly Administered). I am familiar with the
Debtors day-to-day operations, business affairs and books and records.
2. All statements in this Declaration are based on personal knowledge,
review of the relevant documents, discussions with other employees of the
Debtors, or my opinion based upon my experience and knowledge of the Debtors
operations and financial condition. I am authorized to submit this
Declaration on behalf of the Debtors.
3. To the best of my knowledge, information, and belief, during
the reporting period the Debtors filed all necessary federal, state, and
local tax returns and made all required and undisputed postpetition tax
payments in connection therewith on a timely basis or, the Debtors have
promptly addressed any late tax filings (and made any corresponding
payments) that may have been missed during the reporting period due to
unintentional oversight.1
5/13/10
|
/s/ Ryan G. ODesky | |||
Date
|
Ryan G. ODesky | |||
Chicago, Illinois
|
Chief Financial Officer and Treasurer |
1 | The Debtors use Paychoice, a third party payroll processor, for the remittance of payroll taxes, Paychoice is responsible for remitting both the employee and employer portion of payroll tax liabilities to the appropriate jurisdictions. Moreover, by first day orders entered by the Court on February 13, 2009, the Debtors received authority to pay certain prepetition payroll and trust fund taxes. |
FORM
MOR-4
10 of 13
In re: Midway Games Inc., et al., Debtors |
Case No. 09-10465 (KG) Jointly Administered Reporting Period: 02/01/10 - 02/28/10 |
MOR-4:
SUMMARY OF UNPAID POSTPETITION ACCOUNTS PAYABLE
Number of Days Past Due | ||||||||||||||||||||||||
Current | 1-30 | 31-60 | 61-90 | over 90 | Total | |||||||||||||||||||
Accounts Payable |
$ 250.00 | $ | 50,874.68 | $ | 865.00 | $ | 0.00 | $ | 146,686.37 | $ | 198,676.05 | |||||||||||||
Professional Fees 1 |
$ | 0.00 | $ | 134,782.75 | $ | 37,209.60 | $ | 0.00 | $ | 57,344.35 | $ | 229,336.70 | ||||||||||||
Total
Postpetition Accounts Payable |
$ | 250.00 | $ | 185,657.43 | $ | 38,074.60 | $ | 0.00 | $ | 204,030.72 | $ | 428,012.75 | ||||||||||||
Notes
The
postpetition accounts payable reported represents open and outstanding trade vendor
invoices that have been entered into the Debtors accounts payable system during the period
that the Debtors intend to pay in accordance with the various orders of the Bankruptcy
Court. This summary does not include any accruals for invoices not yet received or approved
which may be included in accounts payable on the balance sheet.
1) | Includes $128,913.45 to Milbank, Tweed, Hadley, & McCloy; $5,869.30 to Richards, Layton, & Finger; $34,214.60 to Blank Rome LLP; $2,995 to Venturity Financial Partners, $35,000.00 to FD-Ashton Partners, and $22,344.35 to Huron Consulting for Restructuring Professional Fees not included on MOR-1b because the Debtors were not yet authorized to pay these amounts. |
FORM
MOR-4
11 of 13
In re: | ||
Midway Games Inc., et. al., | Case No. 09-10465 (KG) | |
Debtors | Jointly Administered | |
Reporting Period: 02/1/10 - 02/28/10 |
MOR-5: ACCOUNTS RECEIVABLE RECONCILATION AND AGING
ACCOUNTS RECEIVABLE RECONCILATION | Amount | |||
Total trade accounts receivable at the beginning of the reporting period |
$409,666.00 | |||
+ Amounts billed during the period |
| |||
- Amounts collected and adjusted during the period |
$ | 0.00 | ||
Total trade accounts receivable at the end of the reporting period |
$ | 409,666.00 |
ACCOUNTS RECEIVABLE AGING | Amount | |||
0 -30 days old |
$ | 0.00 | ||
31 - 60 days old |
0.00 | |||
61-90 days old |
| |||
90 + days old |
$ | 409,666.00 | ||
Total trade accounts receivable |
$ | 409,666.00 | ||
Royalty receivables |
67,831.98 | |||
Other receivables |
| |||
Allowance for doubtful accounts |
(477,497.98 | ) | ||
Net receivables |
$ | 0.00 |
General Notes | ||
1) | All trade accounts receivable and related allowances are reported at Midway Home Entertainment Inc. | |
2) | Trade accounts receivable are aged from invoice date based on individual customer credit terms. | |
3) | Royalty receivables are not aged and are reported at Midway Amusement Games, LLC. | |
4) | Receivable allowances are not aged. | |
5) | All trade accounts receivable from customers with invoiced amounts outstanding, net of discounts and allowances, were sold to Warner Bros. Entertainment Inc. on July 10, 2009. The remaining trade accounts receivable amounts relate to customers for which only credit memos and/or outstanding price protection remained that had not been previously applied to invoices. | |
All customer credits were moved to current liabilities in October 2009. |
MOR-5: DEBTOR QUESTIONNAIRE
Must be completed each month | Yes | No | ||||
1.
|
Have any assets been sold or transferred outside of the normal course of business this reporting period? If yes, provide an explanation below. | X see (1) below and Exhibit A | ||||
2.
|
Have any funds been disbursed from any other account than a debtor in possession account this reporting period? If yes, provide an explanation below. | X | ||||
3.
|
Have all post petition tax returns been timely filed? If no, provide an explanation below. | X | ||||
4.
|
Are workers compensation, general liability, and other necessary insurance coverages in effect? If no, provide an explanation below. | X | ||||
5.
|
Has any bank account been opened during the period? If yes, provide documentation identifying the opened account(s). If an investment account has been opened provide the required documentation pursuant to Delaware Local Rule 4001-3. | X |
(1) | Property, plant and equipment and other miscellaneous assets previously used by certain of the Debtors were sold pursuant to the Courts de minimus asset sale order during February 2010 for a total of $30,000.00 in cash. See attached detail for these sales. These assets were no longer usable by the Debtors. |
FORM MOR-5
12 of 13
In re: | ||
Midway Games Inc., et. al., | Case No. 09-10465 (KG) | |
Debtors | Jointly Administered | |
Reporting Period: 02/01/10 - 02/28/10 |
MOR-5: ACCOUNTS RECEIVABLE RECONCILATION AND AGING
EXHIBIT A ASSET SALES DETAIL
EXHIBIT A ASSET SALES DETAIL
AMOUNT OF | ||||||||
PURCHASER / ADDRESS | SALE DATE | ASSETS SOLD (QUANTITY) | CASH RECEIVED | |||||
Electronic
Arts |
2/19/2010 | Game Code & Other Intellectual | $ | 30,000.00 | (1) | |||
Total of all sales |
$ | 30,000.00 |
Notes | ||
1) | Amounts paid were a single amount for all items purchased and were not assigned values per item. |
13 of 13