Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - PROFESSIONAL VETERINARY PRODUCTS LTD /NE/ | c63064e8vk.htm |
Exhibit 99.1
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF NEBRASKA
FOR THE DISTRICT OF NEBRASKA
In re:
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) | Case No. 10-82436 | ||||
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PROFESSIONAL VETERINARY
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PRODUCTS, LTD, A NEBRASKA
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) | CHAPTER 11 | ||||
CORPORATION,
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Debtor,
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In re:
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) | Case No. 10-82438 | ||||
| ) | ||||||
EXACT LOGISTICS, LLC,
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| ) | CHAPTER 11 | |||||
Debtor,
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In re:
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) | Case No. 10-82437 | ||||
| ) | ||||||
PROCONN, LLC,
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) | |||||
| ) | CHAPTER 11 | |||||
Debtor,
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MONTHLY OPERATING REPORT FOR THE PERIOD
01/01/2011 THROUGH 01/31/2011
01/01/2011 THROUGH 01/31/2011
I CERTIFY UNDER PENALTY OF PERJURY THAT THE FOLLOWING CONSOLIDATED OPERATING
REPORT, CONSISTING OF ONE (1) PAGE IS TRUE AND CORRECT.
Date Submitted
|
2/14/11 | /s/ Vicky Winkler | ||||
| Vicky Winkler, President/CEO |
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF NEBRASKA
FOR THE DISTRICT OF NEBRASKA
CASE NAME: Summary Report for Professional Veterinary Products, LTD; Exact Logistics, LLC; ProConn, LLC
CASE NO.: 10-82436; 10-82438; 10-82437
CASE NO.: 10-82436; 10-82438; 10-82437
Summary of Cash Receipts and Disbursements For The Above Noted Entity
For Period January 1-31, 2011
For Period January 1-31, 2011
| Wells Fargo | FNBO | JP Morgan | Fulton Bank | Total | |||||||||||||||||||||||
BEGINNING BALANCE (12/31/10) |
$ | 353,447.30 | $ | 5,970,596.02 | $ | 60,000.00 | $ | 0.00 | $ | 6,384,043.32 | |||||||||||||||||
RECEIPTS: |
|||||||||||||||||||||||||||
1. Receipts from Accounts Receivable Collections |
13,396.29 | 140,162.26 | 0.00 | 0.00 | 153,558.55 | ||||||||||||||||||||||
2. Receipts from Bulk Sale of Inventory |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||||
3. Receipts from Sale of Intangible Assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||||
4. Receipts from Sale of De Minimis Assets |
0.00 | 787.00 | 0.00 | 0.00 | 787.00 | ||||||||||||||||||||||
5. Receipts from Sale of Fixed Assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||||
6. Other Receipts |
13,036.00 | 186,301.56 | 0.00 | 0.00 | 199,337.56 | ||||||||||||||||||||||
TOTAL RECEIPTS |
26,432.29 | 327,250.82 | 0.00 | 0.00 | 353,683.11 | ||||||||||||||||||||||
TRANSFERS: |
(13,336.29 | ) | 1,752.16 | 11,584.13 | 0.00 | (0.00 | ) | ||||||||||||||||||||
DISBURSEMENTS: |
|||||||||||||||||||||||||||
3. Line of credit Wells Fargo |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||||
4. Payments to Officers and Directors: |
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a. Officers |
0.00 | 8,923.08 | 0.00 | 0.00 | 8,923.08 | ||||||||||||||||||||||
b. Directors |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||||
Subtotal — payments to Officers and Directors |
0.00 | 8,923.08 | 0.00 | 0.00 | 8,923.08 | ||||||||||||||||||||||
5. Taxes — personnel |
|||||||||||||||||||||||||||
a. Federal Income Tax |
0.00 | 2,943.81 | 0.00 | 0.00 | 2,943.81 | ||||||||||||||||||||||
b. FICA withholdings |
0.00 | 1,958.46 | 0.00 | 0.00 | 1,958.46 | ||||||||||||||||||||||
c. Medicare |
0.00 | 546.09 | 0.00 | 0.00 | 546.09 | ||||||||||||||||||||||
d. Federal Unemployment |
0.00 | 135.27 | 0.00 | 0.00 | 135.27 | ||||||||||||||||||||||
e. State Income Tax |
0.00 | 978.16 | 0.00 | 0.00 | 978.16 | ||||||||||||||||||||||
f. State Unemployment |
0.00 | 1,160.20 | 0.00 | 0.00 | 1,160.20 | ||||||||||||||||||||||
g. State Unemployment/Disability |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||||
h. Local Income Tax |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||||
Subtotal — taxes |
0.00 | 7,721.99 | 0.00 | 0.00 | 7,721.99 | ||||||||||||||||||||||
6. Necessary expenses: |
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Inventory purchases |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||||
Freight and supplies |
0.00 | 9,888.33 | 0.00 | 0.00 | 9,888.33 | ||||||||||||||||||||||
Wages, ETO, Commissions, Incentives, Fees |
0.00 | 5,331.65 | 0.00 | 0.00 | 5,331.65 | ||||||||||||||||||||||
Benefits |
0.00 | 0.00 | 11,584.13 | 0.00 | 11,584.13 | ||||||||||||||||||||||
Professional and Trustee Fees |
0.00 | 186,918.60 | 0.00 | 0.00 | 186,918.60 | ||||||||||||||||||||||
Credit card fees |
0.00 | 13.00 | 0.00 | 0.00 | 13.00 | ||||||||||||||||||||||
Bayer escrow |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||||
Payment of Sales Taxes |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||||
Building Expenses |
0.00 | 5,521.83 | 0.00 | 0.00 | 5,521.83 | ||||||||||||||||||||||
Building Lease |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||||
Equipment Leases and Expenses |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||||
Utilities Expense |
0.00 | 8,205.51 | 0.00 | 0.00 | 8,205.51 | ||||||||||||||||||||||
Utilities Deposit |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||||
Insurance |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||||
Real Estate & Personal Property Taxes |
0.00 | 39.98 | 0.00 | 0.00 | 39.98 | ||||||||||||||||||||||
Accounting and Tax Fees |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||||
Wells Fargo Escrow |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||||
Bank Fees/Interest |
1,556.89 | 0.00 | 0.00 | 0.00 | 1,556.89 | ||||||||||||||||||||||
Misc. G&A and Other fees |
0.00 | 12,747.14 | 0.00 | 0.00 | 12,747.14 | ||||||||||||||||||||||
Subtotal — necessary expenses |
1,556.89 | 228,666.04 | 11,584.13 | 0.00 | 241,807.06 | ||||||||||||||||||||||
TOTAL DISBURSEMENTS |
1,556.89 | 245,311.11 | 11,584.13 | 0.00 | 258,452.13 | ||||||||||||||||||||||
NET CASH FLOW |
11,539.11 | 83,691.87 | 0.00 | 0.00 | 95,230.98 | ||||||||||||||||||||||
ENDING BANK BALANCE (1/31/11) |
$ | 364,986.41 | $ | 6,054,287.89 | $ | 60,000.00 | $ | 0.00 | $ | 6,479,274.30 | |||||||||||||||||
BANK BALANCES Per Bank Statement |
$ | 364,986.41 | $ | 6,054,287.89 | $ | 60,000.00 | $ | 0.00 | $ | 6,479,274.30 | |||||||||||||||||
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