Attached files
file | filename |
---|---|
8-K - CAPITAL GROWTH SYSTEMS INC /FL/ | v217087_8k.htm |
EX-99.2 - CAPITAL GROWTH SYSTEMS INC /FL/ | v217087_ex99-2.htm |
EX-99.1 - CAPITAL GROWTH SYSTEMS INC /FL/ | v217087_ex99-1.htm |
EX-99.3 - CAPITAL GROWTH SYSTEMS INC /FL/ | v217087_ex99-3.htm |
Case No.
|
10-12302 PJW
|
Reporting Period: January 1 through January 31, 2011
Capital Growth Systems, Inc.
Consolidating Statement of Operations
for the month of January 2011
Consolidated
Total
|
||||
INCOME STATEMENT
|
||||
Revenues
|
$ | 4,307,611 | ||
Cost of Revenues
|
$ | 3,232,089 | ||
Gross Margin
|
$ | 1,075,522 | ||
OPERATING EXPENSES
|
||||
Compensation
|
$ | 742,283 | ||
Travel and entertainment
|
$ | 89,199 | ||
Occupancy
|
$ | 71,726 | ||
Professional services
|
$ | 93,194 | ||
Insurance
|
$ | 66,329 | ||
Restructuring Expenses
|
$ | 250,390 | ||
Other
|
$ | 69,692 | ||
Selling, general, and administrative expenses
|
$ | 1,382,813 | ||
EBITDA
|
$ | (307,291 | ) | |
Depreciation
|
$ | 31,433 | ||
Amortization
|
$ | 196,253 | ||
Operating Income (Loss)
|
$ | (534,977 | ) | |
Interest Expense
|
$ | 1,431,753 | ||
Income tax expense (benefit)
|
$ | 1,664 | ||
NET INCOME (LOSS)
|
$ | (1,968,394 | ) |
Case No.
|
10-12302 PJW
|
Reporting Period: January 1 through January 31, 2011
Capital Growth Systems, Inc.
Summary of All Units
For the Month Ending January 31, 2011
Consolidated
Total
|
||||
BALANCE SHEET
|
||||
Current Assets
|
||||
Cash
|
$ | 2,118,242 | ||
Accounts Receivable, net
|
$ | 5,029,224 | ||
Other Current Assets
|
$ | 4,177,454 | ||
Total Current Assets
|
$ | 11,324,920 | ||
Fixed Assets, gross
|
$ | 3,827,133 | ||
Accumulated Depreciation
|
$ | (3,134,931 | ) | |
Fixed Assets, net
|
$ | 692,201 | ||
Other Assets
|
||||
Other Assets
|
$ | 218,054 | ||
Intangible Assets
|
$ | 13,910,382 | ||
Goodwill
|
$ | 1,479,649 | ||
Total Assets
|
$ | 27,625,206 | ||
Current Liabilities
|
||||
Current maturities of debt
|
$ | 25,094,426 | ||
Post-Petition Accounts Payable
|
$ | 5,585,272 | ||
Pre-Petition Accounts Payable
|
$ | 14,167,634 | ||
Post-Petition Accrued Expenses
|
$ | (293,512 | ) | |
Pre-Petition Accrued Expenses
|
$ | 5,732,064 | ||
Deferred Revenue - Short Term
|
$ | 3,563,102 | ||
Total Current Liabilities
|
$ | 53,848,986 | ||
Long-term Liabilities
|
||||
Debt
|
$ | 9,983,282 | ||
Taxes
|
$ | 67,000 | ||
Total Long-term Liabilities
|
$ | 10,050,282 | ||
Total Liabilities
|
$ | 63,899,268 | ||
Shareholders' Equity
|
||||
Common stock
|
$ | 17,015 | ||
Reserves
|
$ | 152,166 | ||
Additional Paid in Capital
|
$ | 91,441,624 | ||
Retained Earnings, beginning of year
|
$ | (125,396,633 | ) | |
Cumulative (gain) loss on currency translation
|
$ | (465,777 | ) | |
Current Year Retained Earnings Inc/Loss
|
$ | (2,022,456 | ) | |
Total Equity
|
$ | (36,274,061 | ) | |
Total Liabilities and Shareholders' Equity
|
$ | 27,625,206 |
Case No.
|
10-12302 PJW
|
Capital Growth Systems, Inc.
Consolidated AP Aging Report (post-petition)
As of 1/31/2011
Current
|
1-30
|
31-60
|
61-90
|
Over 90
|
Total
|
|||||||||||||||||||
Total Accounts Payable
|
$ | 750,493 | $ | 1,898,821 | $ | 576,138 | $ | 1,079,379 | $ | 1,280,442 | $ | 5,585,273 |
Case No.
|
10-12302 PJW
|
Capital Growth Systems, Inc.
Consolidated AR Aging Report (Gross Receivables)
As of 1/31/2011
Current
|
1-30 Days
|
31 - 60 Days
|
61+
|
Total
|
||||||||||||||||
Total Accounts Receivables
|
$ | 1,812,225 | $ | 456,333 | $ | 1,086,271 | $ | 2,175,508 | $ | 5,530,337 |