Attached files
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| 8-K - FORM 8-K - PROFESSIONAL VETERINARY PRODUCTS LTD /NE/ | d267521d8k.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
11/01/2011 THROUGH 11/30/2011
I CERTIFY UNDER PENALTY OF PERJURY THAT THE FOLLOWING CONSOLIDATED OPERATING REPORT, CONSISTING OF ONE (1) PAGE IS TRUE AND CORRECT.
| Date Submitted 12/7/11 | /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 November 1-30, 2011
| Wells Fargo |
FNBO |
JP Morgan |
Fulton Bank |
Total |
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| BEGINNING BALANCE (10/31/11) |
$ | 0.00 | $ | 8,832,228.93 | $ | 0.00 | $ | 0.00 | $ | 8,832,228.93 | ||||||||||
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| RECEIPTS: |
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| 1. Receipts from A/R Collections |
0.00 | 15,051.22 | 0.00 | 0.00 | 15,051.22 | |||||||||||||||
| 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 | 6,152.25 | 0.00 | 0.00 | 6,152.25 | |||||||||||||||
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| TOTAL RECEIPTS |
0.00 | 21,203.47 | 0.00 | 0.00 | 21,203.47 | |||||||||||||||
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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 | 9,330.16 | 0.00 | 0.00 | 9,330.16 | |||||||||||||||
| b. Directors |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
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| Subtotal—payments to Officers and Directors |
0.00 | 9,330.16 | 0.00 | 0.00 | 9,330.16 | |||||||||||||||
| 5. Taxes—personnel |
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| a. Federal Income Tax |
0.00 | 3,965.33 | 0.00 | 0.00 | 3,965.33 | |||||||||||||||
| b. FICA withholdings |
0.00 | 518.59 | 0.00 | 0.00 | 518.59 | |||||||||||||||
| c. Medicare |
0.00 | 548.40 | 0.00 | 0.00 | 548.40 | |||||||||||||||
| d. Federal Unemployment |
0.00 | 1.14 | 0.00 | 0.00 | 1.14 | |||||||||||||||
| e. State Income Tax |
0.00 | 1,092.72 | 0.00 | 0.00 | 1,092.72 | |||||||||||||||
| f. State Unemployment |
0.00 | 11.38 | 0.00 | 0.00 | 11.38 | |||||||||||||||
| 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 | 6,137.56 | 0.00 | 0.00 | 6,137.56 | |||||||||||||||
| 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 | 4,214.98 | 0.00 | 0.00 | 4,214.98 | |||||||||||||||
| Benefits |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
| Professional and Trustee Fees |
0.00 | 108,348.12 | 0.00 | 0.00 | 108,348.12 | |||||||||||||||
| 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 | 902.65 | 0.00 | 0.00 | 902.65 | |||||||||||||||
| 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 | 3,018.50 | 0.00 | 0.00 | 3,018.50 | |||||||||||||||
| Utilities Deposit |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
| Insurance |
0.00 | 62,700.00 | 0.00 | 0.00 | 62,700.00 | |||||||||||||||
| 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 | 25.00 | 0.00 | 0.00 | 25.00 | |||||||||||||||
| 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 | |||||||||||||||
| Boehringer Ingelheim-Admin. claim |
0.00 | 144,141.18 | 0.00 | 0.00 | 144,141.18 | |||||||||||||||
| Misc. G&A and Other fees |
0.00 | 4,699.18 | 0.00 | 0.00 | 4,699.18 | |||||||||||||||
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| Subtotal—necessary expenses |
0.00 | 328,049.61 | 0.00 | 0.00 | 328,049.61 | |||||||||||||||
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| TOTAL DISBURSEMENTS |
0.00 | 343,517.33 | 0.00 | 0.00 | 343,517.33 | |||||||||||||||
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| NET CASH FLOW |
0.00 | (322,313.86 | ) | 0.00 | 0.00 | (322,313.86 | ) | |||||||||||||
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| ENDING BANK BALANCE (11/30/11) |
$ | 0.00 | $ | 8,509,915.07 | $ | 0.00 | $ | 0.00 | $ | 8,509,915.07 | ||||||||||
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| BANK BALANCES Per Bank Statement |
$ | 0.00 | $ | 8,509,915.07 | $ | 0.00 | $ | 0.00 | $ | 8,509,915.07 | ||||||||||
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