Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - PROFESSIONAL VETERINARY PRODUCTS LTD /NE/ | c66163e8vk.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 PRODUCTS, LTD, A NEBRASKA CORPORATION, |
) ) ) |
CHAPTER 11 | ||||||||
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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 | |||||||||
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Debtor,
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MONTHLY OPERATING REPORT FOR THE PERIOD
08/01/2011 THROUGH 08/31/2011
08/01/2011 THROUGH 08/31/2011
I CERTIFY UNDER PENALTY OF PERJURY THAT THE FOLLOWING CONSOLIDATED
OPERATING REPORT, CONSISTING OF ONE (1) PAGE IS TRUE AND CORRECT.
| Date Submitted 9/14/11 | /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 Entities
For Period August 1-31, 2011
For Period August 1-31, 2011
| Wells Fargo | FNBO | JP Morgan | Fulton Bank | Total | ||||||||||||||||
BEGINNING BALANCE (07/31/11) |
$ | 0.00 | $ | 11,518,472.13 | $ | 0.00 | $ | 0.00 | $ | 11,518,472.13 | ||||||||||
RECEIPTS: |
||||||||||||||||||||
1. Receipts from A/R Collections |
0.00 | 23,867.94 | 0.00 | 0.00 | 23,867.94 | |||||||||||||||
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 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
5. Receipts from Sale of Fixed Assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
6. Other Receipts |
0.00 | 2,726.51 | 0.00 | 0.00 | 2,726.51 | |||||||||||||||
TOTAL RECEIPTS |
0.00 | 26,594.45 | 0.00 | 0.00 | 26,594.45 | |||||||||||||||
TRANSFERS: |
0.00 | 0.00 | 0.00 | 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: |
||||||||||||||||||||
a. Officers |
0.00 | 14,683.58 | 0.00 | 0.00 | 14,683.58 | |||||||||||||||
b. Directors |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
Subtotal — payments to Officers and Directors |
0.00 | 14,683.58 | 0.00 | 0.00 | 14,683.58 | |||||||||||||||
5. Taxes — personnel |
||||||||||||||||||||
a. Federal Income Tax |
0.00 | 3,965.33 | 0.00 | 0.00 | 3,965.33 | |||||||||||||||
b. FICA withholdings |
0.00 | 2,004.94 | 0.00 | 0.00 | 2,004.94 | |||||||||||||||
c. Medicare |
0.00 | 559.09 | 0.00 | 0.00 | 559.09 | |||||||||||||||
d. Federal Unemployment |
0.00 | 1.35 | 0.00 | 0.00 | 1.35 | |||||||||||||||
e. State Income Tax |
0.00 | 1,092.72 | 0.00 | 0.00 | 1,092.72 | |||||||||||||||
f. State Unemployment |
0.00 | 13.48 | 0.00 | 0.00 | 13.48 | |||||||||||||||
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 | 7,636.91 | 0.00 | 0.00 | 7,636.91 | |||||||||||||||
6. Necessary expenses: |
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Inventory purchases |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
Freight and supplies |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
Wages, ETO, Commissions, Incentives, Fees
(Net of income taxes withheld and
reported above) |
0.00 | 6,643.55 | 0.00 | 0.00 | 6,643.55 | |||||||||||||||
Benefits |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
Professional and Trustee Fees |
0.00 | 222,812.73 | 0.00 | 0.00 | 222,812.73 | |||||||||||||||
Credit card fees |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
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 | 6,527.06 | 0.00 | 0.00 | 6,527.06 | |||||||||||||||
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 | 3,017.67 | 0.00 | 0.00 | 3,017.67 | |||||||||||||||
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 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
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 |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
DVM Settlement |
0.00 | 2,350,000.00 | 0.00 | 0.00 | 2,350,000.00 | |||||||||||||||
Misc. G&A and Other fees |
0.00 | 9,553.66 | 0.00 | 0.00 | 9,553.66 | |||||||||||||||
Subtotal — necessary expenses |
0.00 | 2,598,554.67 | 0.00 | 0.00 | 2,598,554.67 | |||||||||||||||
TOTAL DISBURSEMENTS |
0.00 | 2,620,875.16 | 0.00 | 0.00 | 2,620,875.16 | |||||||||||||||
NET CASH FLOW |
0.00 | (2,594,280.71 | ) | 0.00 | 0.00 | (2,594,280.71 | ) | |||||||||||||
ENDING BANK BALANCE (8/31/11) |
$ | 0.00 | $ | 8,924,191.42 | $ | 0.00 | $ | 0.00 | $ | 8,924,191.42 | ||||||||||
BANK BALANCES Per Bank Statement |
$ | 0.00 | $ | 8,924,191.42 | $ | 0.00 | $ | 0.00 | $ | 8,924,191.42 | ||||||||||