Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - Global Geophysical Services Inc | f8k_061014.htm |
EXHIBIT 99.1
|
UNITED STATES BANKRUPTCY COURT
|
|
SOUTHERN DISTRICT OF TEXAS
|
|
CORPUS CHRISTI DIVISION
|
|
CASE NAME:
|
AUTOSEIS, INC. ET AL
|
PETITION DATE:
|
3/25/2014
|
|||
|
CASE NUMBER:
|
14-20130
|
|||||
|
MONTHLY OPERATING REPORT SUMMARY FOR MONTH
|
April
|
YEAR
|
2014
|
|||
|
|
(Amounts in '000s)
|
|||||
|
MONTH
|
3/25/14 TO 3/31/14
|
April
|
May
|
June
|
July
|
Total
|
|
REVENUES (MOR-6)
|
2,832
|
37,350
|
-
|
-
|
-
|
40,182
|
|
INCOME BEFORE INT; DEPREC./TAX (MOR-6)
|
(2,733)
|
(2,440)
|
-
|
-
|
-
|
(5,173)
|
|
NET INCOME (LOSS) (MOR-6)
|
(4,040)
|
(19,277)
|
-
|
-
|
-
|
(23,317)
|
|
PAYMENTS TO INSIDERS (MOR-9)
|
-
|
260
|
-
|
-
|
-
|
260
|
|
PAYMENTS TO PROFESSIONALS (MOR-9)
|
19
|
1,561
|
-
|
-
|
-
|
1,579
|
|
TOTAL DISBURSEMENTS (MOR-7 and Exhibit A) **
|
5,565
|
117,086
|
-
|
-
|
-
|
122,651
|
|
**The jointly administered Debtors are authorized to file monthly operating reports on a consolidated basis, and have disbursements broken down by case number on Exhibit A attached**
|
|
***The original of this document must be filed with the United States Bankruptcy Court***
|
|
REQUIRED INSURANCE MAINTAINED
|
EXP.
|
Yes / No
|
|||||||
|
AS OF SIGNATURE DATE
|
DATE
|
Are all accounts receivable being collected within terms?
|
No
|
||||||
|
4/1/2015
|
Are all post-petition liabilities, including taxes, being paid within terms?
|
No
|
|||||||
|
CASUALTY
|
YES (X) NO ( ) |
4/1/2015
|
Have any pre-petition liabilities been paid?
|
Yes
|
|||||
|
LIABILITY
|
YES (X) NO ( ) |
4/1/2015
|
If so, describe
|
Payments related to First Day Motions granted
|
|||||
|
VEHICLE
|
YES (X) NO ( ) |
4/1/2015
|
Are all funds received being deposited into DIP bank accounts (1)?
|
No
|
|||||
|
WORKER'S
|
YES (X) NO ( ) |
4/1/2015
|
Were any assets disposed of outside the normal course of business?
|
No
|
|||||
|
OTHER
|
YES (X) NO ( ) |
4/1/2015
|
If so, describe
|
||||||
|
Are all U.S. Trustee Quarterly Fee Payments current?
|
Yes
|
||||||||
|
What is the status of your Plan of Reorganization?
|
No Plan Filed
|
||||||||
|
ATTORNEY NAME:
|
Omar Alaniz
|
I certify under penalty of perjury that the following complete
|
||||||
|
FIRM NAME:
|
Baker & Botts
|
Monthly Operating Report (MOR), consisting of MOR-1 through
|
||||||
|
ADDRESS:
|
MOR-9 plus attachments, is true and correct.
|
|||||||
|
CITY, STATE, ZIP:
|
SIGNED X |
TITLE:
|
Senior Vice President - Chief Financial Officer
|
|||||
|
TELEPHONE/FAX:
|
||||||||
|
Sean M. Gore
|
||||||||
|
(PRINT NAME OF SIGNATORY)
|
DATE
|
|||||||
|
MOR-1
|
|
Note:
|
|
(1) Collections in certain foreign jurisdictions are received locally and used to make payroll for employees and vendors in those foreign jurisdictions
|
|
CASE NAME:
|
AUTOSEIS, INC. ET AL
|
|||
|
CASE NUMBER:
|
14-20130
|
|||
|
COMPARATIVE BALANCE SHEETS
|
|
(Amounts in '000s)
|
|
ASSETS
|
MONTH
|
MONTH
|
MONTH
|
MONTH
|
MONTH
|
MONTH
|
|
3/25/14 TO 3/31/14
|
April
|
|||||
|
CURRENT ASSETS
|
||||||
|
Cash - U.S. bank accounts (1)
|
$ 24,465
|
$ 41,937
|
||||
|
Cash - non-U.S. bank accounts
|
4,687
|
2,950
|
||||
|
Restricted cash
|
990
|
990
|
||||
|
Trade Accounts Receivable, Net
|
20,428
|
17,099
|
||||
|
Unbilled Accounts Receivable
|
19,335
|
27,876
|
||||
|
Other Accounts Receivable
|
87
|
87
|
||||
|
Inventory: Lower of Cost or Market
|
107
|
107
|
||||
|
Prepaid Expenses
|
4,093
|
7,048
|
||||
|
Investments
|
-
|
-
|
||||
|
Mobilization costs, net
|
17,110
|
7,972
|
||||
|
Other
|
266
|
266
|
||||
|
TOTAL CURRENT ASSETS
|
91,568
|
106,331
|
-
|
-
|
-
|
-
|
|
PROPERTY, PLANT & EQUIP. @ COST
|
340,559
|
339,483
|
||||
|
Less Accumulated Depreciation
|
267,128
|
269,710
|
||||
|
NET BOOK VALUE OF PP & E
|
73,431
|
69,773
|
-
|
-
|
-
|
-
|
|
OTHER ASSETS
|
||||||
|
Tax Deposits
|
-
|
-
|
||||
|
Investments in Subsidiaries
|
1
|
1
|
||||
|
Electric Deposit
|
-
|
-
|
||||
|
Investment in multi-client library, net
|
182,241
|
173,832
|
||||
|
Intercompany receivable, net
|
69,366
|
78,860
|
||||
|
Goodwill
|
10,967
|
10,967
|
||||
|
Intangible assets
|
7,004
|
6,908
|
||||
|
Debt issuance costs, net
|
8,940
|
8,571
|
||||
|
Deposits and other
|
401
|
422
|
||||
|
TOTAL ASSETS
|
$ 443,919
|
$ 455,666
|
$ -
|
$ -
|
$ -
|
$ -
|
|
(1) This subtotal contains the Citibank Argentina account as the funds are controlled by Houston. Balance ties to the total balance on MOR8.
|
|
MOR-2
|
Revised 07/01/98
|
|
CASE NAME:
|
AUTOSEIS, INC. ET AL
|
|||
|
CASE NUMBER:
|
14-20130
|
|||
|
COMPARATIVE BALANCE SHEETS
|
|
(Amounts in '000s)
|
|
LIABILITIES & OWNER'S
|
MONTH
|
MONTH
|
MONTH
|
MONTH
|
MONTH
|
MONTH
|
|
EQUITY
|
3/25/14 TO 3/31/14
|
April
|
||||
|
LIABILITIES
|
||||||
|
POST-PETITION LIABILITIES(MOR-4)
|
$32,785
|
$172,846
|
||||
|
PRE-PETITION LIABILITIES
|
||||||
|
Secured Debt
|
86,498
|
4,386
|
||||
|
Federal Income Tax
|
-
|
-
|
||||
|
FICA/Withholding
|
583
|
-
|
||||
|
Unsecured Debt
|
251,225
|
253,312
|
||||
|
Deferred Revenue
|
23,367
|
6,311
|
||||
|
VAT
|
2,330
|
2,595
|
||||
|
Trade A/P
|
25,090
|
15,769
|
||||
|
Accrued payroll liabilities
|
719
|
-
|
||||
|
Accrued bond interest
|
10,080
|
10,514
|
||||
|
Expense Accruals
|
10,495
|
3,108
|
||||
|
Other
|
||||||
|
TOTAL PRE-PETITION LIABILITIES
|
410,387
|
295,995
|
||||
|
TOTAL LIABILITIES
|
443,172
|
468,841
|
-
|
-
|
-
|
-
|
|
OWNER'S EQUITY (DEFICIT)
|
||||||
|
PREFERRED STOCK
|
-
|
-
|
||||
|
COMMON STOCK
|
500
|
500
|
||||
|
ADDITIONAL PAID-IN CAPITAL
|
174,813
|
175,531
|
||||
|
RETAINED EARNINGS: Filing Date
|
(170,526)
|
(165,889)
|
||||
|
RETAINED EARNINGS: Post Filing Date
|
(4,040)
|
(23,317)
|
||||
|
TOTAL OWNER'S EQUITY (NET WORTH)
|
747
|
(13,174)
|
-
|
-
|
-
|
-
|
|
TOTAL LIABILITIES & OWNERS EQUITY
|
$443,919
|
$455,666
|
$ -
|
$ -
|
$ -
|
$ -
|
|
MOR-3
|
Revised 07/01/98
|
|
CASE NAME:
|
AUTOSEIS, INC. ET AL
|
|||
|
CASE NUMBER:
|
14-20130
|
|||
|
SCHEDULE OF POST-PETITION LIABILITIES
|
|
(Amounts in '000s)
|
|
MONTH
|
MONTH
|
MONTH
|
MONTH
|
MONTH
|
MONTH
|
|
|
3/25/14 TO 3/31/14
|
April
|
|||||
|
TRADE ACCOUNTS PAYABLE
|
$ 2,559
|
$ 3,097
|
||||
|
TAX PAYABLE
|
||||||
|
Federal and State Payroll Taxes
|
389
|
942
|
||||
|
Ad Valorem Taxes
|
173
|
184
|
||||
|
Other Taxes
|
-
|
-
|
||||
|
SECURED DEBT POST-PETITION
|
25,000
|
151,881
|
||||
|
ACCRUED INTEREST PAYABLE
|
602
|
47
|
||||
|
ACCRUED PROFESSIONAL FEES* (1)
|
-
|
13
|
||||
|
OTHER ACCRUED LIABILITIES
|
||||||
|
VAT
|
96
|
468
|
||||
|
Deferred Revenue
|
1,669
|
4,207
|
||||
|
Accrued payroll liabilities
|
480
|
1,672
|
||||
|
Expense Accruals
|
1,817
|
10,335
|
||||
|
TOTAL POST-PETITION LIABILITIES (MOR-3)
|
$ 32,785
|
$ 172,846
|
$ -
|
$ -
|
$ -
|
$ -
|
|
*Payment requires Court Approval
|
|
(1) In addition, the Company incurred $3.65 million of professional fees in March and April that was not paid or accrued as of April 30th.
|
|
MOR-4
|
Revised 07/01/98
|
|
CASE NAME:
|
AUTOSEIS, INC. ET AL
|
|||
|
CASE NUMBER:
|
14-20130
|
|||
|
AGING OF POST-PETITION LIABILITIES
|
|
MONTH April 2014
|
|
(Amounts in '000s)
|
|
DAYS
|
TOTAL
|
TRADE
|
FEDERAL AND STATE
|
AD VALOREM,
|
|
|
ACCOUNTS
|
PAYROLL TAXES
|
OTHER TAXES
|
OTHER
|
||
|
0-30
|
$ 4,223
|
$ 3,097
|
$ 942
|
$ 184
|
$ -
|
|
31-60
|
0
|
||||
|
61-90
|
0
|
||||
|
91+
|
0
|
||||
|
TOTAL
|
$ 4,223
|
$ 3,097
|
$ 942
|
$ 184
|
$ -
|
|
AGING OF ACCOUNTS RECEIVABLE
|
|
(Amounts in '000s)
|
|
MONTH
|
|||||
|
March 2014
|
April 2014
|
||||
|
0-30 DAYS
|
$ 15,625
|
$ 9,564
|
|||
|
31-60 DAYS
|
2,845
|
4,769
|
|||
|
61-90 DAYS
|
118
|
624
|
|||
|
91+ DAYS
|
1,840
|
2,143
|
|||
|
TOTAL
|
$ 20,428
|
$ 17,099
|
$ -
|
$ -
|
$ -
|
|
MOR-5
|
Revised 07/01/98
|
|
CASE NAME:
|
AUTOSEIS, INC. ET AL
|
|||
|
CASE NUMBER:
|
14-20130
|
|||
|
STATEMENT OF INCOME (LOSS)
|
|
(Amounts in '000s)
|
|
MONTH
|
MONTH
|
MONTH
|
MONTH
|
MONTH
|
FILING TO
|
|
|
3/25/14 TO 3/31/14
|
April
|
DATE
|
||||
|
REVENUES (MOR-1)
|
$ 2,832
|
$ 37,350
|
$ 40,182
|
|||
|
TOTAL COST OF REVENUES
|
3,378
|
23,982
|
27,360
|
|||
|
GROSS PROFIT
|
(546)
|
13,368
|
-
|
-
|
-
|
12,822
|
|
OPERATING EXPENSES:
|
||||||
|
Selling & Marketing
|
110
|
3,961
|
4,071
|
|||
|
General & Administrative
|
1,497
|
1,739
|
3,236
|
|||
|
Insiders Compensation
|
-
|
260
|
260
|
|||
|
Professional Fees (1)
|
19
|
1,574
|
1,593
|
|||
|
Other - Gain on Fixed Asset Disposal
|
(243)
|
(134)
|
(377)
|
|||
|
Other - Multi-Client Amortization
|
804
|
8,408
|
9,212
|
|||
|
TOTAL OPERATING EXPENSES
|
2,187
|
15,808
|
-
|
-
|
-
|
17,995
|
|
INCOME BEFORE INT, DEPR/TAX (MOR-1)
|
(2,733)
|
(2,440)
|
-
|
-
|
-
|
(5,173)
|
|
INTEREST EXPENSE
|
223
|
1,311
|
1,534
|
|||
|
DEPRECIATION
|
922
|
1,863
|
2,785
|
|||
|
OTHER (INCOME) EXPENSE*
|
-
|
-
|
-
|
|||
|
FOREIGN EXCHANGE (GAIN) LOSS
|
110
|
(373)
|
(263)
|
|||
|
LOSS ON DEBT EXTINGUISHMENT
|
-
|
13,594
|
13,594
|
|||
|
OTHER ITEMS**
|
-
|
-
|
-
|
|||
|
TOTAL INT, DEPR & OTHER ITEMS
|
1,255
|
16,395
|
-
|
-
|
-
|
17,650
|
|
NET INCOME BEFORE TAXES
|
(3,988)
|
(18,835)
|
-
|
-
|
-
|
(22,823)
|
|
INCOME and OTHER TAXES
|
52
|
442
|
494
|
|||
|
NET INCOME (LOSS) (MOR-1)
|
$ (4,040)
|
$ (19,277)
|
$ -
|
$ -
|
$ -
|
$ (23,317)
|
|
Accrual Accounting Required, Otherwise Footnote with Explanation.
|
|
* Footnote Mandatory.
|
|
* * Unusual and/or infrequent item(s) outside the ordinary course of business requires footnote.
|
|
(1) In addition, the Company incurred $3.65 million of professional fees in March and April that was not paid or accrued as of April 30th.
|
|
MOR-6
|
Revised 07/01/98
|
|
CASE NAME:
|
AUTOSEIS, INC. ET AL
|
|||
|
CASE NUMBER:
|
14-20130
|
|||
(Amounts in '000s)
|
CASH RECEIPTS AND
|
MONTH
|
MONTH
|
MONTH
|
MONTH
|
MONTH
|
FILING TO
|
|
DISBURSEMENTS
|
3/25/14 TO 3/31/14
|
April
|
DATE
|
|||
|
1. CASH-BEGINNING OF MONTH / PERIOD
|
$ 2,431
|
$ 23,451
|
$ 41,208
|
$ 41,208
|
$ 41,208
|
$ 2,431
|
|
RECEIPTS:
|
||||||
|
2. CASH RECIEPTS FROM REGIONS
|
680
|
1,225
|
1,905
|
|||
|
3. CASH RECEIPTS FROM CUSTOMERS
|
1,674
|
10,599
|
12,273
|
|||
|
4. PROCEEDS FROM DIP FUNDING
|
24,232
|
123,019
|
147,251
|
|||
|
5. SALE OF ASSETS
|
-
|
-
|
-
|
|||
|
6. OTHER (attach list)
|
-
|
-
|
-
|
|||
|
TOTAL RECEIPTS**
|
26,586
|
134,843
|
-
|
-
|
-
|
161,429
|
|
(Withdrawal) Contribution by Individual Debtor MFR-2*
|
-
|
-
|
||||
|
DISBURSEMENTS:
|
||||||
|
7. CASH REQUESTS FROM REGIONS
|
3,175
|
2,687
|
5,862
|
|||
|
8. PAYROLL, PER DIEM & BENEFITS
|
-
|
5,229
|
5,229
|
|||
|
9. PAYROLL IOM (ISLE OF MAN)
|
-
|
890
|
890
|
|||
|
10. ACCOUNTS PAYABLE (POST PETITION ONLY)
|
150
|
6,602
|
6,752
|
|||
|
11. SENIOR DEBT INTEREST
|
2,222
|
-
|
2,222
|
|||
|
12. INTEREST/FEES ON ADDITIONAL DEBT
|
-
|
431
|
431
|
|||
|
13. BANKRUPTCY RELATED PAYMENTS (PRE PETITION ONLY) ***
|
-
|
6,820
|
6,820
|
|||
|
14. INSURANCE PAYMENTS
|
-
|
1,040
|
1,040
|
|||
|
15. TPG LOAN PAYMENT
|
91,881
|
91,881
|
||||
|
16. OTHER (attach list)
|
-
|
-
|
-
|
|||
|
TOTAL DISBURSEMENTS FROM OPERATIONS
|
5,547
|
115,580
|
-
|
-
|
-
|
121,127
|
|
17. DEBTOR PROFESSIONAL FEES
|
-
|
883
|
883
|
|||
|
18. DIP LENDER PROFESSIONAL FEES
|
19
|
621
|
639
|
|||
|
19. SENIOR LENDER PROFESSIONAL FEES
|
-
|
-
|
-
|
|||
|
20. UNSECURED CREDITORS COMMITTEE PROFESSIONAL FEES
|
-
|
-
|
-
|
|||
| 21. U.S. TRUSTEE FEES |
-
|
2
|
2
|
|||
|
22. OTHER REORGANIZATION EXPENSES (attach list)
|
-
|
-
|
-
|
|||
|
TOTAL DISBURSEMENTS**
|
5,565
|
117,086
|
-
|
-
|
-
|
122,651
|
|
23. NET CASH FLOW
|
21,021
|
17,757
|
-
|
-
|
-
|
38,778
|
|
24. CASH - END OF MONTH
|
$ 23,451
|
$ 41,208
|
$ 41,208
|
$ 41,208
|
$ 41,208
|
$ 41,209
|
|
24. ADJUSTMENTS RELATED TO PRIOR PERIODS
|
-
|
157
|
157
|
|||
|
25. UNRECORDED DISBURSEMENTS
|
-
|
572
|
572
|
|||
|
26. ADJUSTED CASH - END OF MONTH (MOR-2)
|
$ 23,451
|
$ 41,937
|
$ 41,208
|
$ 41,208
|
$ 41,208
|
$ 41,938
|
|
*
|
Applies to Individual debtors only
|
|
**
|
Numbers for the current month should balance (match)
RECEIPTS and CHECKS/OTHER DISBURSEMENTS lines on MOR-8
|
|
***
|
Pre-petition Bankruptcy related payment include payments under Critical Vendor (including Logistics & 503(b)(9) claims), Foreign Vendors, & Wage motion relief related payments
|
[NOTE 1] Cash balance includes accounts where the funds are controlled by Houston Corporate office
[NOTE 2] Receipts and Disbursements include amounts received and sent from Houston Corporate Office
|
MOR-7
|
Revised 07/01/98
|
|
CASE NAME:
|
AUTOSEIS, INC. ET AL
|
||
|
CASE NUMBER:
|
14-20130
|
||
CASH ACCOUNT RECONCILIATION
PERIOD 04/01/2014 - 04/30/2014
(Amounts in '000s)
|
BANK NAME
|
Bank of
America
|
Bank of
America
|
Bank of
America
|
Bank of
America
|
Bank of
America
|
Bank of
America
|
Bank of
America
|
Bank of
America
|
Bank of
America
|
Bank of
America
|
|
ACCOUNT NUMBER
|
488 031 266 121
|
488 031 266 134
|
488 031 266 147
|
488 031 266 150
|
488 031 266 163
|
488 032 919 590
|
488 031 266 176
|
488 035 058 966
|
488 038 382 972
|
488 038 414 688
|
|
ACCOUNT TYPE
|
Investment
|
Master
|
Depository
|
Operating
|
Operating
|
Operating
|
Operating
|
Operating
|
Operating
|
Operating
|
|
BANK BALANCE
|
$ 0
|
$ 40,672
|
$ -
|
$ -
|
$ -
|
$ 96
|
$ -
|
$ -
|
$ 225
|
$ -
|
|
DEPOSITS IN TRANSIT
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
- |
|
OUTSTANDING CHECKS
|
-
|
-
|
-
|
-
|
728
|
-
|
-
|
8
|
-
|
- |
|
OTHER
|
-
|
-
|
-
|
144
|
(253)
|
-
|
-
|
-
|
27
|
- |
|
ADJUSTED BANK BALANCE
|
0
|
40,672
|
-
|
(144)
|
(475)
|
96
|
-
|
(8)
|
198
|
- |
|
BEGINNING CASH - PER BOOKS
|
0
|
22,033
|
-
|
72
|
69
|
48
|
-
|
1
|
281
|
- |
|
RECEIPTS* (4)
|
-
|
-
|
133,537
|
-
|
-
|
48
|
-
|
-
|
-
|
32
|
|
TRANSFERS BETWEEN ACCOUNTS (5)
|
-
|
18,650
|
(133,537)
|
1,836
|
108,837
|
-
|
-
|
0
|
-
|
(32)
|
|
TRANSFERS TO FOREIGN DEBTOR ENTITIES (5)
|
-
|
-
|
-
|
-
|
(1,495)
|
-
|
-
|
-
|
-
|
- |
|
TRANSFERS TO FOREIGN NON-DEBTOR ENTITIES (5)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
- |
|
TRANSFERS FROM FOREIGN DEBTOR ENTITIES (4)
|
-
|
|||||||||
|
TRANSFERS FROM FOREIGN NON-DEBTOR ENTITIES (4)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
- |
| (WITHDRAWAL) OR INDIVIDUAL CONTRIBUTION BY DEBTOR MFR-2 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
- |
|
CHECKS/OTHER DISBURSEMENTS* (5)
|
-
|
(11)
|
-
|
(2,051)
|
(108,025)
|
-
|
-
|
(9)
|
(83)
|
- |
|
ADJUSTMENTS RELATED TO PRIOR PERIODS
|
-
|
-
|
-
|
-
|
138
|
-
|
-
|
-
|
-
|
- |
|
ENDING CASH - PER BOOKS
|
$ 0
|
$ 40,672
|
$ -
|
$ (144)
|
$ (475)
|
$ 96
|
$ -
|
$ (8)
|
$ 198
|
$ -
|
|
UNRECORDED DISBURSEMENTS (5)
|
-
|
-
|
-
|
(535)
|
-
|
-
|
-
|
-
|
(37)
|
- |
|
ADJUSTED ENDING CASH - PER BOOKS
|
$ 0
|
$ 40,672
|
$ -
|
$ (678)
|
$ (475)
|
$ 96
|
$ -
|
$ (8)
|
$ 161
|
$ -
|
*Numbers should balance (match) TOTAL RECEIPTS (Includes transfer to Corporate) and TOTAL DISBURSEMENTS (includes Foreign Transfers) lines on MOR-7.
(1) This subtotal represents accounts where the funds are controlled by Houston Corporate office; receipts and disbursements tie to MOR-7
(2) This subtotal contains the Citibank Argentina account as the funds are controlled by Houston Corporate office.
(3) This subtotal represents domestic accounts related to payroll disbursement and operating accounts not directly controlled by Corporate
(4) The sum of these rows for the first subtotal agrees to total receipts on MOR-7
(5) The sum of these rows for the first subtotal agrees to total disbursements on MOR-7
|
MOR-8
|
|
CASE NAME:
|
AUTOSEIS, INC. ET AL
|
||
|
CASE NUMBER:
|
14-20130
|
||
CASH ACCOUNT RECONCILIATION
PERIOD 04/01/2014 - 04/30/2014
(Amounts in '000s)
|
BANK NAME
|
Amegy
|
Amegy
|
Citi
|
Citi
|
Citi
|
Citi
|
Citi
|
|
|
ACCOUNT NUMBER
|
3354784
|
51577557
|
3065 9287
|
30854015
|
3066 5361
|
3876 6415
|
3074 4174
|
|
|
ACCOUNT TYPE
|
Operating
|
Operating
|
Operating
|
Operating
|
Subtotal (1) (2)
|
Payroll
|
Payroll
|
Payroll
|
|
BANK BALANCE
|
$ 0
|
$ 4
|
$ 1,611
|
$ 45
|
$ 42,653
|
$ 1,100
|
$ -
|
$ 165
|
|
DEPOSITS IN TRANSIT
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
|
OUTSTANDING CHECKS
|
14
|
19
|
36
|
-
|
805
|
-
|
184
|
-
|
|
OTHER
|
(1)
|
(1)
|
(5)
|
-
|
(89)
|
(9)
|
(5)
|
7
|
|
ADJUSTED BANK BALANCE
|
(13)
|
(15)
|
1,580
|
45
|
41,937
|
1,109
|
(179)
|
158
|
|
BEGINNING CASH - PER BOOKS
|
(12)
|
(15)
|
951
|
23
|
23,451
|
873
|
(315)
|
155
|
|
RECEIPTS* (4)
|
-
|
-
|
-
|
-
|
133,618
|
-
|
-
|
-
|
|
TRANSFERS BETWEEN ACCOUNTS (5)
|
-
|
-
|
(23)
|
23
|
(4,247)
|
2,265
|
239
|
907
|
|
TRANSFERS TO FOREIGN DEBTOR ENTITIES (5)
|
-
|
-
|
(195)
|
(23)
|
(1,713)
|
-
|
-
|
-
|
|
TRANSFERS TO FOREIGN NON-DEBTOR ENTITIES (5)
|
-
|
-
|
(371)
|
-
|
(371)
|
-
|
-
|
-
|
|
TRANSFERS FROM FOREIGN DEBTOR ENTITIES (4)
|
1,225
|
1,225
|
||||||
|
TRANSFERS FROM FOREIGN NON-DEBTOR ENTITIES (4)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
|
| (WITHDRAWAL) OR INDIVIDUAL CONTRIBUTION BY DEBTOR MFR-2 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
|
CHECKS/OTHER DISBURSEMENTS* (5)
|
(1)
|
-
|
(4)
|
-
|
(110,183)
|
(2,029)
|
(103)
|
(904)
|
|
ADJUSTMENTS RELATED TO PRIOR PERIODS
|
-
|
-
|
(3)
|
22
|
157
|
-
|
-
|
-
|
|
ENDING CASH - PER BOOKS
|
$ (13)
|
$ (15)
|
$ 1,580
|
$ 45
|
$ 41,937
|
$ 1,109
|
$ (179)
|
$ 158
|
|
UNRECORDED DISBURSEMENTS (5)
|
-
|
-
|
-
|
-
|
(572)
|
-
|
-
|
-
|
|
ADJUSTED ENDING CASH - PER BOOKS
|
$ (13)
|
$ (15)
|
$ 1,580
|
$ 45
|
$ 41,365
|
$ 1,109
|
$ (179)
|
$ 158
|
*Numbers should balance (match) TOTAL RECEIPTS (Includes transfer to Corporate) and TOTAL DISBURSEMENTS (includes Foreign Transfers) lines on MOR-7.
(1) This subtotal represents accounts where the funds are controlled by Houston Corporate office; receipts and disbursements tie to MOR-7
(2) This subtotal contains the Citibank Argentina account as the funds are controlled by Houston Corporate office.
(3) This subtotal represents domestic accounts related to payroll disbursement and operating accounts not directly controlled by Corporate
(4) The sum of these rows for the first subtotal agrees to total receipts on MOR-7
(5) The sum of these rows for the first subtotal agrees to total disbursements on MOR-7
|
MOR-8
|
|
CASE NAME:
|
AUTOSEIS, INC. ET AL
|
||
|
CASE NUMBER:
|
14-20130
|
||
CASH ACCOUNT RECONCILIATION
PERIOD 04/01/2014 - 04/30/2014
(Amounts in '000s)
|
BANK NAME
|
Bank of
America
|
Wells Fargo
|
Wells Fargo
|
Wells Fargo
|
Amegy
|
Amegy
|
Amegy
|
Amegy
|
||
|
ACCOUNT NUMBER
|
488 038 409 088
|
8964670833
|
8429980983
|
9043440404
|
51577514
|
51897373
|
3687805
|
3690415
|
||
|
ACCOUNT TYPE
|
Operating
|
Operating
|
Operating
|
Operating
|
Payroll
|
Payroll
|
Payroll
|
Operating
|
Subtotal (3)
|
TOTAL
|
|
BANK BALANCE
|
$ 3
|
$ (0)
|
$ 689
|
$ 15
|
$ 1
|
$ 0
|
$ 0
|
$ 1
|
$ 1,974
|
$ 44,627
|
|
DEPOSITS IN TRANSIT
|
-
|
-
|
-
|
-
|
-
|
1
|
-
|
-
|
1
|
1
|
|
OUTSTANDING CHECKS
|
2
|
-
|
48
|
-
|
-
|
24
|
1
|
-
|
258
|
1,063
|
|
OTHER
|
-
|
-
|
(2)
|
32
|
-
|
-
|
-
|
-
|
23
|
(67)
|
|
ADJUSTED BANK BALANCE
|
1
|
(0)
|
643
|
(17)
|
1
|
(22)
|
(0)
|
1
|
1,694
|
43,631
|
|
BEGINNING CASH - PER BOOKS
|
3
|
0
|
335
|
(17)
|
1
|
(22)
|
(0)
|
1
|
1,014
|
24,465
|
|
RECEIPTS* (4)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
133,618
|
|
TRANSFERS BETWEEN ACCOUNTS (5)
|
-
|
-
|
837
|
-
|
-
|
-
|
-
|
-
|
4,247
|
(0)
|
|
TRANSFERS TO FOREIGN DEBTOR ENTITIES (5)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
(1,713)
|
|
TRANSFERS TO FOREIGN NON-DEBTOR ENTITIES (5)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
(371)
|
|
TRANSFERS FROM FOREIGN DEBTOR ENTITIES (4)
|
-
|
1,225
|
||||||||
|
TRANSFERS FROM FOREIGN NON-DEBTOR ENTITIES (4)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
| (WITHDRAWAL) OR INDIVIDUAL CONTRIBUTION BY DEBTOR MFR-2 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
|
CHECKS/OTHER DISBURSEMENTS* (5)
|
(2)
|
(1)
|
(529)
|
0
|
-
|
-
|
-
|
-
|
(3,567)
|
(113,751)
|
|
ADJUSTMENTS RELATED TO PRIOR PERIODS
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
157
|
|
ENDING CASH - PER BOOKS
|
$ 1
|
$ (0)
|
$ 643
|
$ (17)
|
$ 1
|
$ (22)
|
$ (0)
|
$ 1
|
$ 1,694
|
$ 43,630
|
|
UNRECORDED DISBURSEMENTS (5)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
(572)
|
|
ADJUSTED ENDING CASH - PER BOOKS
|
$ 1
|
$ (0)
|
$ 643
|
$ (17)
|
$ 1
|
$ (22)
|
$ (0)
|
$ 1
|
$ 1,694
|
$ 43,059
|
*Numbers should balance (match) TOTAL RECEIPTS (Includes transfer to Corporate) and TOTAL DISBURSEMENTS (includes Foreign Transfers) lines on MOR-7.
(1) This subtotal represents accounts where the funds are controlled by Houston Corporate office; receipts and disbursements tie to MOR-7
(2) This subtotal contains the Citibank Argentina account as the funds are controlled by Houston Corporate office.
(3) This subtotal represents domestic accounts related to payroll disbursement and operating accounts not directly controlled by Corporate
(4) The sum of these rows for the first subtotal agrees to total receipts on MOR-7
(5) The sum of these rows for the first subtotal agrees to total disbursements on MOR-7
|
MOR-8
|
|
CASE NAME:
|
AUTOSEIS, INC. ET AL
|
|||
|
CASE NUMBER:
|
14-20130
|
|||
PAYMENTS TO INSIDERS AND PROFESSIONALS
(Amounts in '000s)
Of the total disbursements shown for the month, list the amount paid to insiders (as defined in Section 101(31)(A)-(F) of the U.S. Bankruptcy Code) and the professionals.
Also, for insiders, identify the type of compensation paid (e.g., salary, commission, bonus, etc.) (Attach additional pages as necessary).
|
MONTH
|
MONTH
|
MONTH
|
MONTH
|
MONTH
|
MONTH
|
|||||
|
INSIDERS: NAME/COMP TYPE
|
3/25/14 TO 3/31/14
|
April
|
||||||||
|
1
|
Bahorich, Michael S.
|
Director
|
Compensation
|
-
|
||||||
|
Expense Reimbursement
|
-
|
|||||||||
|
2
|
Branch, Caroline
|
Officer
|
Compensation
|
7
|
||||||
|
Expense Reimbursement
|
1
|
|||||||||
|
3
|
Brasher, James E.
|
Officer
|
Compensation
|
25
|
||||||
|
Expense Reimbursement
|
1
|
|||||||||
|
4
|
Fleure, Thomas J.
|
Officer
|
Compensation
|
13
|
||||||
|
Expense Reimbursement
|
-
|
|||||||||
|
5
|
Flynn, Maurice
|
Officer
|
Compensation
|
13
|
||||||
|
Expense Reimbursement
|
5
|
|||||||||
|
6
|
Forrest, Michael C.
|
Director
|
Compensation
|
-
|
||||||
|
Expense Reimbursement
|
-
|
|||||||||
|
7
|
Gore, Sean M.
|
Officer
|
Compensation
|
17
|
||||||
|
Expense Reimbursement
|
-
|
|||||||||
|
8
|
Howell, Jeff M.
|
Officer
|
Compensation
|
13
|
||||||
|
Expense Reimbursement
|
1
|
|||||||||
|
9
|
Kurz, Karl F.
|
Director
|
Compensation
|
-
|
||||||
|
Expense Reimbursement
|
-
|
|||||||||
|
10
|
Lahouse, Thomas M.
|
Officer
|
Compensation
|
13
|
||||||
|
Expense Reimbursement
|
1
|
|||||||||
|
11
|
Matelich, George E.
|
Director
|
Compensation
|
-
|
||||||
|
Expense Reimbursement
|
-
|
|||||||||
|
12
|
Mccoy, Joseph P.
|
Director
|
Compensation
|
-
|
||||||
|
Expense Reimbursement
|
-
|
|||||||||
|
13
|
Muse Jr., Ralph B.
|
Officer
|
Compensation
|
13
|
||||||
|
Expense Reimbursement
|
3
|
|||||||||
|
14
|
Osborne, Stanley De J.
|
Director
|
Compensation
|
-
|
||||||
|
Expense Reimbursement
|
-
|
|||||||||
|
15
|
Peebles, Ross G.
|
Officer
|
Compensation
|
16
|
||||||
|
Expense Reimbursement
|
8
|
|||||||||
|
16
|
Riley Jr., Duncan W.
|
Officer
|
Compensation
|
14
|
||||||
|
Expense Reimbursement
|
2
|
|||||||||
|
17
|
Skerl, Damir S.
|
Director
|
Compensation
|
-
|
||||||
|
Expense Reimbursement
|
-
|
|||||||||
|
18
|
Terrell, Tracy C.
|
Officer
|
Compensation
|
16
|
||||||
|
Expense Reimbursement
|
0
|
|||||||||
|
19
|
Verghese, P. Mathew
|
Officer
|
Compensation
|
19
|
||||||
|
Expense Reimbursement
|
5
|
|||||||||
|
20
|
White, Richard C.
|
Officer
|
Compensation
|
26
|
||||||
|
Expense Reimbursement
|
12
|
|||||||||
|
21
|
Yapuncich, George T.
|
Officer
|
Compensation
|
14
|
||||||
|
Expense Reimbursement
|
-
|
|||||||||
|
TOTAL INSIDERS (MOR-1)
|
-
|
260
|
-
|
-
|
-
|
-
|
||||
|
MONTH
|
MONTH
|
MONTH
|
MONTH
|
MONTH
|
MONTH
|
||||
|
PROFESSIONALS
|
3/25/14 TO 3/31/14
|
April
|
|||||||
|
Akin Gump Strass Hauer & Feld LLP
|
371
|
||||||||
|
Ernst & Young
|
86
|
||||||||
|
Opportune
|
250
|
||||||||
|
Prime Clerk
|
21
|
||||||||
|
U.S. Trustee Payment Center
|
2
|
||||||||
|
UHY LLP
|
777
|
||||||||
|
Wilmington Trust [1]
|
19
|
55
|
|||||||
|
TOTAL PROFESSIONALS (MOR-1)
|
$ 19
|
$ 1,561
|
$ -
|
$ -
|
$ -
|
$ -
|
|||
[1] Amounts netted against DIP funding
|
MOR-9
|
Revised 07/01/98 |
|
UNITED STATES BANKRUPTCY COURT
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SOUTHERN DISTRICT OF TEXAS
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CORPUS CHRISTI DIVISION
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Exhibit A - CONSOLIDATING DISBURSEMENTS OF JOINTLY ADMINISTERED CASES IN CHAPTER 11
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CASE NAME:
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AUTOSEIS, INC. ET AL
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JOINT ADMINISTRATION CASE NUMBER:
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14-20130
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DISBURSEMENTS
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(Amounts in '000s)
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Entity
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Case No.
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3/25/14
TO
3/31/14
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April
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May
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June
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July
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August
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Sept.
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Filing to Date
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AUTOSEIS, INC.
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14-20130
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$ -
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$ -
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GLOBAL GEOPHYSICAL SERVICES, INC.
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14-20131
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5,565
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117,086
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GLOBAL GEOPHYSICAL EAME, INC.
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14-20132
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-
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-
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GGS INTERNATIONAL HOLDINGS, INC.
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14-20133
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-
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-
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ACCRETE MONITORING, INC.
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14-20134
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-
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-
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AUTOSEIS DEVELOPMENT COMPANY
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14-20135
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-
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-
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Total Disbursements (same as MOR-1 disbursements)
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$ 5,565
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$117,086
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