Attached files
file | filename |
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8-K - CAPITAL GROWTH SYSTEMS INC /FL/ | v217087_8k.htm |
EX-99.1 - CAPITAL GROWTH SYSTEMS INC /FL/ | v217087_ex99-1.htm |
EX-99.4 - CAPITAL GROWTH SYSTEMS INC /FL/ | v217087_ex99-4.htm |
EX-99.3 - CAPITAL GROWTH SYSTEMS INC /FL/ | v217087_ex99-3.htm |
Case No. 10-12302 PJW
Reporting Period: November 1 through November 30, 2010
Capital Growth Systems, Inc.
Consolidating Statement of Operations
for the eleven months ended November 2010
Consolidated
Total
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||||
INCOME STATEMENT
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Revenues
|
$ | 51,604,653 | ||
Cost of Revenues
|
$ | 38,314,049 | ||
Gross Margin
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$ | 13,290,605 | ||
OPERATING EXPENSES
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||||
Compensation
|
$ | 9,698,423 | ||
Travel and entertainment
|
$ | 1,066,637 | ||
Occupancy
|
$ | 2,064,294 | ||
Professional services
|
$ | 4,257,118 | ||
Insurance
|
$ | 244,986 | ||
Restructuring Expenses
|
$ | 3,962,365 | ||
Other
|
$ | 265,932 | ||
Selling, general, and administrative expenses
|
$ | 21,559,754 | ||
EBITDA
|
$ | (8,838,469 | ) | |
Bad Debt Expense (Recovery)
|
$ | 569,319 | ||
Depreciation
|
$ | 334,514 | ||
Amortization
|
$ | 2,158,783 | ||
Operating Income (Loss)
|
$ | (11,331,766 | ) | |
Interest Expense
|
$ | 18,495,727 | ||
(Gain)/Loss on Warrants & Derivatives
|
$ | (46,173,477 | ) | |
(Gain)/Loss on Extinguishment of Debt
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$ | 272,677 | ||
Income tax expense (benefit)
|
$ | 28,206 | ||
NET INCOME (LOSS)
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$ | 16,045,101 |
Case No. 10-12302 PJW
Reporting Period: November 1 through November 30, 2010
Capital Growth Systems, Inc.
Consolidating Statement of Operations
for the month of November 2010
Consolidated
Total
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||||
INCOME STATEMENT
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||||
Revenues
|
$ | 4,535,946 | ||
Cost of Revenues
|
$ | 3,402,763 | ||
Gross Margin
|
$ | 1,133,184 | ||
OPERATING EXPENSES
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||||
Compensation
|
$ | 789,278 | ||
Travel and entertainment
|
$ | 57,692 | ||
Occupancy
|
$ | 169,386 | ||
Professional services
|
$ | (736,842 | ) | |
Insurance
|
$ | 15,528 | ||
Restructuring Expenses
|
$ | 1,771,569 | ||
Other
|
$ | 48,249 | ||
Selling, general, and administrative expenses
|
$ | 2,114,860 | ||
EBITDA
|
$ | (1,006,676 | ) | |
Bad Debt Expense (Recovery)
|
$ | 25,000 | ||
Depreciation
|
$ | 28,387 | ||
Amortization
|
$ | 196,253 | ||
Operating Income (Loss)
|
$ | (1,231,317 | ) | |
Interest Expense
|
$ | 1,423,847 | ||
NET INCOME (LOSS)
|
$ | (2,655,164 | ) |
Case No. 10-12302 PJW
Reporting Period: November 1 through November 30, 2010
Capital Growth Systems, Inc.
Summary of All Units
For the Eleven Months Ending November 30, 2010
Consolidated
Total
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BALANCE SHEET
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Current Assets
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||||
Cash
|
$ | 1,733,283 | ||
Accounts Receivable, net
|
$ | 5,974,244 | ||
Other Current Assets
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$ | 4,215,842 | ||
Intercompany Accounts
|
$ | 63,869 | ||
Total Current Assets
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$ | 11,987,238 | ||
Fixed Assets, gross
|
$ | 3,827,013 | ||
Accumulated Depreciation
|
$ | (3,075,111 | ) | |
Fixed Asstes, net
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$ | 751,902 | ||
Other Assets
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Other Assets
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$ | 300,224 | ||
Intangible Assets
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$ | 14,302,889 | ||
Goodwill
|
$ | 1,479,649 | ||
Total Assets
|
$ | 28,821,901 | ||
Current Liabilities
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||||
Current maturities of debt
|
$ | 22,546,471 | ||
Post-Petition Accounts Payable
|
$ | 4,628,712 | ||
Pre-Petition Accounts Payable
|
$ | 13,990,875 | ||
Post-Petition Accrued Expenses
|
$ | 4,585,373 | ||
Pre-Petition Accrued Expenses
|
$ | 4,021,095 | ||
Deferred Revenue - Short Term
|
$ | 3,483,508 | ||
Total Current Liabilities
|
$ | 53,256,034 | ||
Long-term Liabilities
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Debt
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$ | 9,632,457 | ||
Taxes
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$ | 67,000 | ||
Total Long-term Liabilities
|
$ | 9,699,457 | ||
Total Liabilities
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$ | 62,955,491 | ||
Shareholders' Equity
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Common stock
|
$ | 17,015 | ||
Reserves
|
$ | (57,136 | ) | |
Additional Paid in Capital
|
$ | 91,201,768 | ||
Retained Earnings, beginning of year
|
$ | (140,794,186 | ) | |
Cumulative gain (loss) on currency translation
|
$ | (546,134 | ) | |
Current Year Retained Earnings Inc/Loss
|
$ | 16,045,081 | ||
Total Equity
|
$ | (34,133,591 | ) | |
Total Liabilities and Shareholders' Equity
|
$ | 28,821,901 |
Case No. 10-12302 PJW
Reporting Period: November 1 through November 30, 2010
Capital Growth Systems, Inc.
Consolidated AP Aging Report (post-petition)
As of 11/30/2010
Current
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1-30
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31-60
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61-90
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Over 90
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Total
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Total Accounts Payable
|
$ | 1,399,765 | $ | 1,413,235 | $ | 726,179 | $ | 651,207 | $ | 319,323 | $ | 4,509,709 |
Case No. 10-12302 PJW
Reporting Period: November 1 through November 30, 2010
Capital Growth Systems, Inc.
Consolidated AR Aging Report (Gross Receivables)
As of 11/30/2010
Current
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1-30 Days
|
31 - 60 Days
|
61 + Days
|
Total
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Total Accounts Receivables
|
$ | 3,042,314 | $ | 810,685 | $ | 152,026 | $ | 2,503,071 | $ | 6,508,096 |