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8-K - FORM 8-K - PROFESSIONAL VETERINARY PRODUCTS LTD /NE/ | d254601d8k.htm |
Exhibit 99.1
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF NEBRASKA
In re:
PROFESSIONAL VETERINARY PRODUCTS, LTD, A NEBRASKA CORPORATION,
Debtor, |
) ) ) ) ) ) ) ) |
Case No. 10-82436
CHAPTER 11 | ||
In re:
EXACT LOGISTICS, LLC,
Debtor, |
) ) ) ) ) ) ) ) |
Case No. 10-82438
CHAPTER 11 | ||
In re:
PROCONN, LLC,
Debtor, |
) ) ) ) ) ) ) ) ) |
Case No. 10-82437
CHAPTER 11 |
MONTHLY OPERATING REPORT FOR THE PERIOD
10/01/2011 THROUGH 10/31/2011
I CERTIFY UNDER PENALTY OF PERJURY THAT THE FOLLOWING CONSOLIDATED OPERATING REPORT, CONSISTING OF ONE (1) PAGE IS TRUE AND CORRECT.
/s/ Vicky Winkler | ||
Date Submitted November 9, 2011 | 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 October 1-31, 2011
Wells Fargo | FNBO | JP Morgan | Fulton Bank | Total | ||||||||||||||||
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BEGINNING BALANCE (09/30/11) |
$ | 0.00 | $ | 8,862,843.02 | $ | 0.00 | $ | 0.00 | $ | 8,862,843.02 | ||||||||||
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RECEIPTS: |
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1. Receipts from A/R Collections | 0.00 | 13,607.15 | 0.00 | 0.00 | 13,607.15 | |||||||||||||||
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 | 10,739.51 | 0.00 | 0.00 | 10,739.51 | |||||||||||||||
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TOTAL RECEIPTS |
0.00 | 24,346.66 | 0.00 | 0.00 | 24,346.66 | |||||||||||||||
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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: | ||||||||||||||||||||
a. Officers |
0.00 | 9,330.17 | 0.00 | 0.00 | 9,330.17 | |||||||||||||||
b. Directors |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
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Subtotal - payments to Officers and Directors |
0.00 | 9,330.17 | 0.00 | 0.00 | 9,330.17 | |||||||||||||||
5. Taxes - personnel | ||||||||||||||||||||
a. Federal Income Tax |
0.00 | 3,965.33 | 0.00 | 0.00 | 3,965.33 | |||||||||||||||
b. FICA withholdings |
0.00 | 538.07 | 0.00 | 0.00 | 538.07 | |||||||||||||||
c. Medicare |
0.00 | 553.80 | 0.00 | 0.00 | 553.80 | |||||||||||||||
d. Federal Unemployment |
0.00 | 1.02 | 0.00 | 0.00 | 1.02 | |||||||||||||||
e. State Income Tax |
0.00 | 1,092.72 | 0.00 | 0.00 | 1,092.72 | |||||||||||||||
f. State Unemployment |
0.00 | 10.18 | 0.00 | 0.00 | 10.18 | |||||||||||||||
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 | 6,161.12 | 0.00 | 0.00 | 6,161.12 | |||||||||||||||
6. Necessary expenses: | ||||||||||||||||||||
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 | 4,370.33 | 0.00 | 0.00 | 4,370.33 | |||||||||||||||
Benefits | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
Professional and Trustee Fees | 0.00 | 15,385.50 | 0.00 | 0.00 | 15,385.50 | |||||||||||||||
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 | 2,919.71 | 0.00 | 0.00 | 2,919.71 | |||||||||||||||
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 | 3,677.57 | 0.00 | 0.00 | 3,677.57 | |||||||||||||||
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 | |||||||||||||||
Income Taxes | 0.00 | 531.00 | 0.00 | 0.00 | 531.00 | |||||||||||||||
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 | 12,585.35 | 0.00 | 0.00 | 12,585.35 | |||||||||||||||
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Subtotal - necessary expenses |
0.00 | 39,469.46 | 0.00 | 0.00 | 39,469.46 | |||||||||||||||
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TOTAL DISBURSEMENTS |
0.00 | 54,960.75 | 0.00 | 0.00 | 54,960.75 | |||||||||||||||
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NET CASH FLOW |
0.00 | (30,614.09 | ) | 0.00 | 0.00 | (30,614.09 | ) | |||||||||||||
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ENDING BANK BALANCE (10/31/11) |
$ | 0.00 | $ | 8,832,228.93 | $ | 0.00 | $ | 0.00 | $ | 8,832,228.93 | ||||||||||
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BANK BALANCES Per Bank Statement |
$ | 0.00 | $ | 8,832,228.93 | $ | 0.00 | $ | 0.00 | $ | 8,832,228.93 | ||||||||||
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