Attached files
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| 8-K - FORM 8-K - PROFESSIONAL VETERINARY PRODUCTS LTD /NE/ | d241465d8k.htm |
Exhibit 99.1
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF NEBRASKA
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| In re:
PROFESSIONAL VETERINARY PRODUCTS, LTD, A NEBRASKA CORPORATION,
Debtor, |
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) ) ) ) ) ) ) ) |
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Case No. 10-82436
CHAPTER 11 | ||
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| In re:
EXACT LOGISTICS, LLC,
Debtor, |
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) ) ) ) ) ) ) ) |
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Case No. 10-82438
CHAPTER 11 | ||
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| In re:
PROCONN, LLC,
Debtor, |
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Case No. 10-82437
CHAPTER 11 | ||
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MONTHLY OPERATING REPORT FOR THE PERIOD
09/01/2011 THROUGH 09/30/2011
I CERTIFY UNDER PENALTY OF PERJURY THAT THE FOLLOWING CONSOLIDATED OPERATING REPORT, CONSISTING OF ONE (1) PAGE IS TRUE AND CORRECT.
| Date Submitted 10/07/11 |
/s/ Vicky Winkler | |
| Vicky Winkler, President/CEO |
IN THE UNITED STATES BANKRUPTCY COURT
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
Summary of Cash Receipts and Disbursements For The Above Noted Entities
For Period September 1-30, 2011
| Wells Fargo | FNBO | JP Morgan | Fulton Bank | Total | ||||||||||||||||
| BEGINNING BALANCE (08/31/11) |
$ | 0.00 | $ | 8,924,191.42 | $ | 0.00 | $ | 0.00 | $ | 8,924,191.42 | ||||||||||
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| RECEIPTS: |
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| 1. Receipts from A/R Collections |
0.00 | 42,980.27 | 0.00 | 0.00 | 42,980.27 | |||||||||||||||
| 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 (1) |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
| 5. Receipts from Sale of Fixed Assets (1) |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
| 6. Other Receipts |
0.00 | 1,041.73 | 0.00 | 0.00 | 1,041.73 | |||||||||||||||
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| TOTAL RECEIPTS |
0.00 | 44,022.00 | 0.00 | 0.00 | 44,022.00 | |||||||||||||||
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| TRANSFERS: |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
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| DISBURSEMENTS: |
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| 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 | 6,283.83 | 0.00 | 0.00 | 6,283.83 | |||||||||||||||
| b. Directors |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
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| Subtotal - payments to Officers and Directors |
0.00 | 6,283.83 | 0.00 | 0.00 | 6,283.83 | |||||||||||||||
| 5. Taxes - personnel |
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| a. Federal Income Tax |
0.00 | 5,181.16 | 0.00 | 0.00 | 5,181.16 | |||||||||||||||
| b. FICA withholdings |
0.00 | 1,445.08 | 0.00 | 0.00 | 1,445.08 | |||||||||||||||
| c. Medicare |
0.00 | 763.45 | 0.00 | 0.00 | 763.45 | |||||||||||||||
| d. Federal Unemployment |
0.00 | 2.37 | 0.00 | 0.00 | 2.37 | |||||||||||||||
| e. State Income Tax |
0.00 | 1,465.33 | 0.00 | 0.00 | 1,465.33 | |||||||||||||||
| f. State Unemployment |
0.00 | 23.66 | 0.00 | 0.00 | 23.66 | |||||||||||||||
| 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 | |||||||||||||||
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| Subtotal - taxes |
0.00 | 8,881.05 | 0.00 | 0.00 | 8,881.05 | |||||||||||||||
| 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 |
0.00 | 4,574.95 | 0.00 | 0.00 | 4,574.95 | |||||||||||||||
| Benefits |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
| Professional and Trustee Fees |
0.00 | 65,793.48 | 0.00 | 0.00 | 65,793.48 | |||||||||||||||
| 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 | 7,378.71 | 0.00 | 0.00 | 7,378.71 | |||||||||||||||
| 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 | 4,296.97 | 0.00 | 0.00 | 4,296.97 | |||||||||||||||
| 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 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
| Misc. G&A and Other fees |
0.00 | 8,161.41 | 0.00 | 0.00 | 8,161.41 | |||||||||||||||
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| Subtotal - necessary expenses |
0.00 | 90,205.52 | 0.00 | 0.00 | 90,205.52 | |||||||||||||||
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| TOTAL DISBURSEMENTS |
0.00 | 105,370.40 | 0.00 | 0.00 | 105,370.40 | |||||||||||||||
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| NET CASH FLOW |
0.00 | (61,348.40 | ) | 0.00 | 0.00 | (61,348.40 | ) | |||||||||||||
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| ENDING BANK BALANCE (9/30/11) |
$ | 0.00 | $ | 8,862,843.02 | $ | 0.00 | $ | 0.00 | $ | 8,862,843.02 | ||||||||||
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| BANK BALANCES Per Bank Statement |
$ | 0.00 | $ | 8,862,843.02 | $ | 0.00 | $ | 0.00 | $ | 8,862,843.02 | ||||||||||
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