Attached files
| file | filename |
|---|---|
| 8-K - 8-K - QUANTUM FUEL SYSTEMS TECHNOLOGIES WORLDWIDE, INC. | a8-kmonthlyoperatingreport.htm |
EXHIBIT 99.1 | |||||||||
UNITED STATES DEPARTMENT OF JUSTICE | |||||||||
OFFICE OF THE UNITED STATES TRUSTEE | |||||||||
CENTRAL DISTRICT OF CALIFORNIA | |||||||||
In Re: | CHAPTER 11 (BUSINESS) | ||||||||
Quantum Technologies | Case Number: | 8:16-bk-11202 | |||||||
Chapter 11 Debtor in Possession | Operating Report Number: | 3 | |||||||
Debtor(s). | For the Month Ending: | 5/31/2016 | |||||||
I. CASH RECEIPTS AND DISBURSEMENTS | |||||||||
A. (GENERAL ACCOUNT) | |||||||||
1. TOTAL RECEIPTS PER ALL PRIOR GENERAL ACCOUNT REPORTS | $ | 6,948,589.68 | |||||||
2. LESS: TOTAL DISBURSEMENTS PER ALL PRIOR GENERAL | 4,451,986.41 | ||||||||
ACCOUNT REPORTS | |||||||||
3. BEGINNING BALANCE: | $ | 2,496,603.27 | |||||||
4. RECEIPTS DURING CURRENT PERIOD: | |||||||||
Deposits from Other DIP Accounts | $ | 434,500.00 | |||||||
Deposits from Non-DIP Accounts | $ | 1,907,244.59 | |||||||
TOTAL RECEIPTS THIS PERIOD: | $ | 2,341,744.59 | |||||||
5. BALANCE: | 4,838,347.86 | ||||||||
6. LESS: TOTAL DISBURSEMENTS DURING CURRENT PERIOD | |||||||||
Transfers to Other DIP Accounts (from page 2) | $ | 798,770.18 | |||||||
Disbursements (from page 2) | $ | 3,156,992.23 | |||||||
TOTAL DISBURSEMENTS THIS PERIOD:*** | $ | 3,955,762.41 | |||||||
7. ENDING BALANCE: | 882,585.45 | ||||||||
8. | General Account Number(s): | 5500005523 | |||||||
Depository Name & Location: | East West Bank | ||||||||
134 N Los Robles Ave, Pasadena, CA 91101 | |||||||||
TOTAL DISBURSEMENTS FROM GENERAL ACCOUNT FOR CURRENT PERIOD | |||||||||||||
Date mm/dd/yyyy | Check/Ref Number | Type | Payee or DIP account | Purpose | Amount Transfered | Amount Disbursed | Amount | ||||||
5/2/2016 | 100,088 | Check | AFLAC | Insurance | $ | 1,275.08 | $ | 1,275.08 | |||||
5/2/2016 | 100,089 | Check | Commercial Solutions Today, LL | Operations Support | $ | 850.00 | $ | 850.00 | |||||
5/2/2016 | 100,090 | Check | Drop of Heaven Water Company | Operations Support | $ | 280.25 | $ | 280.25 | |||||
5/2/2016 | 100,091 | Check | Henriquez, Hernan | Corporate Expense | $ | 2,396.42 | $ | 2,396.42 | |||||
5/2/2016 | 100,092 | Check | IPFS Corporation | Insurance | $ | 24,476.95 | $ | 24,476.95 | |||||
5/2/2016 | 100,093 | Check | Leavitt, Mark | Operations Support | $ | 677.28 | $ | 677.28 | |||||
5/2/2016 | 100,094 | Check | Legal Shield | Corporate Expense | $ | 522.10 | $ | 522.10 | |||||
5/2/2016 | 100,095 | Check | Prudential | Insurance | $ | 404.13 | $ | 404.13 | |||||
5/2/2016 | 100,096 | Check | Southern Calif. Edison Inc. | Operations Support | $ | 20,000.00 | $ | 20,000.00 | |||||
5/2/2016 | 100,097 | Check | XO Communications, LLC | Operations Support | $ | 3,407.62 | $ | 3,407.62 | |||||
5/2/2016 | 2,712,495 | Wire Out | KF Fiberglass, Inc. | Operations Support | $ | 2,500.00 | $ | 2,500.00 | |||||
5/2/2016 | 2,716,495 | Wire Out | FABCOR | Operations Support | $ | 25,000.00 | $ | 25,000.00 | |||||
5/2/2016 | 2,718,495 | Wire Out | Braden Court | Facilities | $ | 52,002.58 | $ | 52,002.58 | |||||
5/2/2016 | 2,721,495 | Wire Out | Aetna Life Insurance Company | Insurance | $ | 94,609.06 | $ | 94,609.06 | |||||
5/2/2016 | 2,724,495 | Wire Out | Aetna Life Insurance Company | Insurance | $ | 4,239.05 | $ | 4,239.05 | |||||
5/2/2016 | 2,726,495 | Wire Out | Centre Court Properties, LLC | Facilities | $ | 1,200.00 | $ | 1,200.00 | |||||
5/2/2016 | Transfer | Payroll Account | Payroll | $ | 6,157.29 | $ | 6,157.29 | ||||||
5/3/2016 | 100,098 | Check | FreightSaver.com | Operations Support | $ | 1,595.00 | $ | 1,595.00 | |||||
5/3/2016 | 160,502 | Pre Auth Debit | WageWorks | Operations Support | $ | 384.60 | $ | 384.60 | |||||
5/3/2016 | 646,519 | Wire Out | Buck Company, Inc. | Operations Support | $ | 23,705.53 | $ | 23,705.53 | |||||
5/3/2016 | Transfer | Payroll Account | Payroll | $ | 3,399.82 | $ | 3,399.82 | ||||||
5/4/2016 | 1,057 | Other | General Account | Deposit Adjustment | $ | 17,708.78 | $ | 17,708.78 | |||||
5/4/2016 | 100,099 | Check | Color Masters | Operations Support | $ | 299.14 | $ | 299.14 | |||||
5/4/2016 | 100,100 | Check | FreightSaver.com | Operations Support | $ | 8,000.00 | $ | 8,000.00 | |||||
5/4/2016 | 100,101 | Check | Newport Laminates, Inc. | Operations Support | $ | 10,361.75 | $ | 10,361.75 | |||||
5/4/2016 | 100,102 | Check | The Nasdaq | Corporate Expense | $ | 2,500.00 | $ | 2,500.00 | |||||
5/4/2016 | 100,103 | Check | Precision Powder Coating | Operations Support | $ | 4,116.32 | $ | 4,116.32 | |||||
5/4/2016 | 100,104 | Check | Amico Scientific Corp. | Operations Support | $ | 185.76 | $ | 185.76 | |||||
5/4/2016 | 100,105 | Check | Precision Urethane & Machine, | Operations Support | $ | 12,555.00 | $ | 12,555.00 | |||||
5/4/2016 | 100,106 | Check | Precision Waterjet & Laser, In | Operations Support | $ | 6,384.00 | $ | 6,384.00 | |||||
5/5/2016 | 100,107 | Check | Chandru Sharoff | Corporate Exp (payroll) | $ | 12,161.72 | $ | 12,161.72 | |||||
5/5/2016 | 100,108 | Check | UFP Riverside LLC | Operations Support | $ | 5,237.57 | $ | 5,237.57 | |||||
5/5/2016 | 100,109 | Check | Barracuda Networks, Inc. | Operations Support | $ | 1,207.80 | $ | 1,207.80 | |||||
5/5/2016 | 100,110 | Check | BJ's Forklift Service | Operations Support | $ | 196.48 | $ | 196.48 | |||||
5/5/2016 | 100,111 | Check | E T Horn Company | Operations Support | $ | 25,092.50 | $ | 25,092.50 | |||||
5/5/2016 | 100,112 | Check | Ernest Packaging Corporation | Operations Support | $ | 6,631.20 | $ | 6,631.20 | |||||
5/5/2016 | 100,114 | Check | Quigley's Auto Body | Operations Support | $ | 22,980.10 | $ | 22,980.10 | |||||
5/5/2016 | 100,115 | Check | Senga Engineering, Inc. | Operations Support | $ | 26,180.00 | $ | 26,180.00 | |||||
5/5/2016 | 100,116 | Check | The Paint Department LLC | Operations Support | $ | 16,720.00 | $ | 16,720.00 | |||||
5/5/2016 | 100,117 | Check | U.S. Trustee | Restructuring Professional Fees | $ | 325.00 | $ | 325.00 | |||||
5/5/2016 | 100,118 | Check | Cal-Fasteners | Operations Support | $ | 165.79 | $ | 165.79 | |||||
5/5/2016 | 100,119 | Check | Precision Waterjet & Laser, In | Operations Support | $ | 10,587.80 | $ | 10,587.80 | |||||
5/5/2016 | 100,120 | Check | West Coast Gasket Co. | Operations Support | $ | 12,113.75 | $ | 12,113.75 | |||||
5/5/2016 | 6,135,611 | Wire Out | Clean Air Power, Inc. | Operations Support | $ | 6,810.00 | $ | 6,810.00 | |||||
5/5/2016 | 6,135,632 | Wire Out | Pratt Industries, Inc. | Operations Support | $ | 6,515.40 | $ | 6,515.40 | |||||
5/5/2016 | 6,135,737 | Wire Out | KF Fiberglass, Inc. | Operations Support | $ | 10,900.00 | $ | 10,900.00 | |||||
5/5/2016 | 6,135,812 | Wire Out | Uline Inc | Operations Support | $ | 1,232.61 | $ | 1,232.61 | |||||
5/6/2016 | 100,121 | Check | Performance Composites, Inc. | Operations Support | $ | 17,926.40 | $ | 17,926.40 | |||||
5/6/2016 | 100,122 | Check | Newport Laminates, Inc. | Operations Support | $ | 10,364.75 | $ | 10,364.75 | |||||
5/6/2016 | 100,123 | Check | AZ MFG, INC. | Operations Support | $ | 8,295.60 | $ | 8,295.60 | |||||
5/6/2016 | 100,124 | Check | Freeway Fasteners Inc. | Operations Support | $ | 2,091.07 | $ | 2,091.07 | |||||
5/6/2016 | 100,125 | Check | Precision Powder Coating | Operations Support | $ | 1,120.00 | $ | 1,120.00 | |||||
5/6/2016 | 100,126 | Check | Royal Systems Group, Inc. | Operations Support | $ | 1,498.77 | $ | 1,498.77 | |||||
5/6/2016 | 100,127 | Check | AT&T | Operations Support | $ | 53.37 | $ | 53.37 | |||||
5/6/2016 | 100,128 | Check | Cisco WebEx, LLC | Operations Support | $ | 50.88 | $ | 50.88 | |||||
5/6/2016 | 100,129 | Check | Comcast Corporation | Operations Support | $ | 164.56 | $ | 164.56 | |||||
5/6/2016 | 100,130 | Check | DHL Express USA, Inc. | Operations Support | $ | 120.72 | $ | 120.72 | |||||
5/6/2016 | 100,131 | Check | Federal Express Corp. | Operations Support | $ | 817.11 | $ | 817.11 | |||||
5/6/2016 | 100,132 | Check | Fractel LLC | Operations Support | $ | 517.40 | $ | 517.40 | |||||
5/6/2016 | 100,133 | Check | Gemini Manufacturing & Enginee | Operations Support | $ | 3,952.50 | $ | 3,952.50 | |||||
5/6/2016 | 100,134 | Check | IPFS Corporation | Insurance | $ | 71,226.51 | $ | 71,226.51 | |||||
5/6/2016 | 100,135 | Check | Jeffrey Drews | Operations Support | $ | 162.67 | $ | 162.67 | |||||
5/6/2016 | 100,136 | Check | Michaels, Shannon | Operations Support | $ | 2,525.89 | $ | 2,525.89 | |||||
5/6/2016 | 100,137 | Check | Mk Products Inc | Operations Support | $ | 8,858.03 | $ | 8,858.03 | |||||
5/6/2016 | 100,138 | Check | Munsee, Mark | Operations Support | $ | 224.80 | $ | 224.80 | |||||
5/6/2016 | 100,139 | Check | Petty Cash - Allene Evallar | Operations Support | $ | 800.04 | $ | 800.04 | |||||
5/6/2016 | 100,140 | Check | Rea, David | Operations Support | $ | 34.50 | $ | 34.50 | |||||
5/6/2016 | 100,142 | Check | Safeguard Business Systems, In | Operations Support | $ | 168.28 | $ | 168.28 | |||||
5/6/2016 | 100,143 | Check | Stout, James | Operations Support | $ | 135.19 | $ | 135.19 | |||||
5/6/2016 | 100,144 | Check | Tamshell Manufacturing Co. | Operations Support | $ | 643.50 | $ | 643.50 | |||||
5/6/2016 | 100,145 | Check | United Parcel Service | Operations Support | $ | 689.49 | $ | 689.49 | |||||
5/6/2016 | 100,146 | Check | Verizon Wireless Inc | Operations Support | $ | 962.72 | $ | 962.72 | |||||
5/6/2016 | 100,147 | Check | Verizon Wireless Inc | Operations Support | $ | 592.90 | $ | 592.90 | |||||
5/6/2016 | 100,148 | Check | Verizon Wireless Inc | Operations Support | $ | 916.08 | $ | 916.08 | |||||
5/6/2016 | 100,149 | Check | Vuong, Chau Minh | Operations Support | $ | 66.00 | $ | 66.00 | |||||
5/6/2016 | 100,150 | Check | Tony Rivas | Corporate Exp (payroll) | $ | 1,717.27 | $ | 1,717.27 | |||||
5/6/2016 | 160,505 | Pre Auth Debit | WageWorks | Operations Support | $ | 10.00 | $ | 10.00 | |||||
5/6/2016 | 6,135,606 | Wire Out | Wisconsin Oven Corporation | Operations Support | $ | 510.84 | $ | 510.84 | |||||
5/6/2016 | 6,135,639 | Wire Out | Nexeo Solutions, LLC | Operations Support | $ | 32,332.00 | $ | 32,332.00 | |||||
5/6/2016 | 6,135,829 | Wire Out | ITT Industries Conoflow Inc | Operations Support | $ | 25,000.00 | $ | 25,000.00 | |||||
5/6/2016 | 6,140,129 | Wire Out | Dorsett & Jackson, Inc. | Operations Support | $ | 7,095.00 | $ | 7,095.00 | |||||
5/6/2016 | 6,140,144 | Wire Out | Uline Inc | Operations Support | $ | 2,070.56 | $ | 2,070.56 | |||||
5/6/2016 | 6,152,052 | Wire Out | Dowding Industries, Inc. | Operations Support | $ | 23,750.00 | $ | 23,750.00 | |||||
5/6/2016 | Transfer | Payroll Account | Payroll | $ | 2,204.09 | $ | 2,204.09 | ||||||
5/9/2016 | 100,151 | Check | Petty Cash - Allene Evallar | Operations Support | $ | 900.00 | $ | 900.00 | |||||
5/9/2016 | 1,455,495 | Wire Out | Armory Securities, LLC | Restructuring Professional Fees | $ | 100,000.00 | $ | 100,000.00 | |||||
5/9/2016 | 1,456,495 | Wire Out | Mitsubishi Rayon - Sacramento | Operations Support | $ | 20,000.00 | $ | 20,000.00 | |||||
5/9/2016 | 1,457,495 | Wire Out | Mackinac Partners, LLC | Restructuring Professional Fees | $ | 121,617.87 | $ | 121,617.87 | |||||
5/10/2016 | 100,152 | Check | Olympus Scientific Solutions A | Operations Support | $ | 225.00 | $ | 225.00 | |||||
5/10/2016 | 100,153 | Check | Precision Powder Coating | Operations Support | $ | 6,246.00 | $ | 6,246.00 | |||||
5/10/2016 | 100,154 | Check | MSC Industrial Supply | Operations Support | $ | 340.74 | $ | 340.74 | |||||
5/10/2016 | 1,686,495 | Wire Out | RGF Enterprises Inc. | Operations Support | $ | 1,237.00 | $ | 1,237.00 | |||||
5/10/2016 | 1,687,495 | Wire Out | Sonoco Protective Solutions, I | Operations Support | $ | 13,882.20 | $ | 13,882.20 | |||||
5/10/2016 | 3,442,495 | Wire Out | Assured Automation | Operations Support | $ | 500.00 | $ | 500.00 | |||||
5/10/2016 | 8,055,455 | Wire Out | MASSMUTUAL | Corporate Expense | $ | 37,762.01 | $ | 37,762.01 | |||||
5/11/2016 | 100,155 | Check | Personalcare Physicians of Irvine | Corporate Expense | $ | 720.00 | $ | 720.00 | |||||
5/11/2016 | 100,156 | Check | Harbor Pointe Air Cond & Contr | Operations Support | $ | 14,454.00 | $ | 14,454.00 | |||||
5/11/2016 | 100,157 | Check | Kenworth of LA | Operations Support | $ | 73.80 | $ | 73.80 | |||||
5/11/2016 | 100,158 | Check | Kenworth of Pennsylvania | Operations Support | $ | 276.00 | $ | 276.00 | |||||
5/11/2016 | 100,159 | Check | Kenworth of South Louisiana, L | Operations Support | $ | 616.00 | $ | 616.00 | |||||
5/11/2016 | 100,160 | Check | MHC Kenworth - Atlanta | Operations Support | $ | 3,701.59 | $ | 3,701.59 | |||||
5/11/2016 | 100,161 | Check | Rescue Rooter | Operations Support | $ | 1,017.00 | $ | 1,017.00 | |||||
5/11/2016 | 100,162 | Check | Senga Engineering, Inc. | Operations Support | $ | 20,400.00 | $ | 20,400.00 | |||||
5/11/2016 | 100,163 | Check | Truck Enterprises Richmond Inc | Operations Support | $ | 437.28 | $ | 437.28 | |||||
5/11/2016 | 100,164 | Check | Truck Enterprises Roanoke | Operations Support | $ | 2,570.40 | $ | 2,570.40 | |||||
5/11/2016 | 100,165 | Check | UPS | Operations Support | $ | 130.00 | $ | 130.00 | |||||
5/11/2016 | 100,166 | Check | Newport Laminates, Inc. | Operations Support | $ | 10,364.75 | $ | 10,364.75 | |||||
5/11/2016 | 100,167 | Check | Freeway Fasteners Inc. | Operations Support | $ | 9,242.16 | $ | 9,242.16 | |||||
5/11/2016 | 100,168 | Check | Kenworth of Pennsylvania | Operations Support | $ | 437.00 | $ | 437.00 | |||||
5/11/2016 | 100,169 | Check | KPFF Inc. | Operations Support | $ | 5,000.00 | $ | 5,000.00 | |||||
5/11/2016 | 100,170 | Check | Southern Calif. Edison Inc. | Operations Support | $ | 17,542.29 | $ | 17,542.29 | |||||
5/11/2016 | 676,781 | Wire Out | Mitsubishi Rayon - Sacramento | Operations Support | $ | 18,841.35 | $ | 18,841.35 | |||||
5/11/2016 | 1,263,495 | Wire Out | Baker Hostetler | Corporate Expense | $ | 9,500.00 | $ | 9,500.00 | |||||
5/11/2016 | 1,694,508 | Wire Out | St. Clair Technologies, Inc. | Operations Support | $ | 11,940.79 | $ | 11,940.79 | |||||
5/11/2016 | 2,515,495 | Wire Out | Buck Company, Inc. | Operations Support | $ | 15,831.58 | $ | 15,831.58 | |||||
5/11/2016 | 2,516,495 | Wire Out | KF Fiberglass, Inc. | Operations Support | $ | 13,080.00 | $ | 13,080.00 | |||||
5/11/2016 | Transfer | Payroll Account | Payroll | $ | 248,238.05 | $ | 248,238.05 | ||||||
5/12/2016 | 100,171 | Check | Controlled Motion Solutions | Operations Support | $ | 23,707.07 | $ | 23,707.07 | |||||
5/12/2016 | 100,172 | Check | Baker Hostetler | Corporate Expense | $ | 1,418.00 | $ | 1,418.00 | |||||
5/12/2016 | 100,173 | Check | Garden City Group, LLC | Restructuring Professional Fees | $ | 14,000.00 | $ | 14,000.00 | |||||
5/12/2016 | 100,174 | Check | Duggan Manufacturing LLC. | Operations Support | $ | 19,628.64 | $ | 19,628.64 | |||||
5/12/2016 | 100,175 | Check | Precision Waterjet & Laser, In | Operations Support | $ | 17,503.53 | $ | 17,503.53 | |||||
5/12/2016 | 680,553 | Wire Out | Krayden, Inc. | Operations Support | $ | 4,755.60 | $ | 4,755.60 | |||||
5/12/2016 | Transfer | Payroll Account | Payroll | $ | 135,344.35 | $ | 135,344.35 | ||||||
5/13/2016 | 100,176 | Check | Crenshaw Die MFG | Operations Support | $ | 2,864.00 | $ | 2,864.00 | |||||
5/13/2016 | 100,177 | Check | Mutual Liquid Gas & Equipment | Operations Support | $ | 268.90 | $ | 268.90 | |||||
5/13/2016 | 100,178 | Check | Newport Laminates, Inc. | Operations Support | $ | 10,364.75 | $ | 10,364.75 | |||||
5/13/2016 | 100,179 | Check | Performance Composites, Inc. | Operations Support | $ | 10,480.40 | $ | 10,480.40 | |||||
5/13/2016 | 100,180 | Check | Quigley's Auto Body | Operations Support | $ | 25,069.20 | $ | 25,069.20 | |||||
5/13/2016 | 100,181 | Check | Royal Systems Group, Inc. | Operations Support | $ | 9,165.02 | $ | 9,165.02 | |||||
5/13/2016 | 100,182 | Check | The Paint Department LLC | Operations Support | $ | 12,540.00 | $ | 12,540.00 | |||||
5/13/2016 | 100,183 | Check | West Coast Gasket Co. | Operations Support | $ | 19,589.85 | $ | 19,589.85 | |||||
5/13/2016 | 100,184 | Check | Gemini Manufacturing & Enginee | Operations Support | $ | 2,266.00 | $ | 2,266.00 | |||||
5/13/2016 | 100,185 | Check | Kirk DeCarlo | Operations Support | $ | 1,500.00 | $ | 1,500.00 | |||||
5/13/2016 | 60,513,312 | Wire Out | Dowding Industries, Inc. | Operations Support | $ | 28,576.88 | $ | 28,576.88 | |||||
5/13/2016 | 60,513,326 | Wire Out | Tescom Corporation Inc | Operations Support | $ | 8,349.00 | $ | 8,349.00 | |||||
5/13/2016 | 60,513,759 | Wire Out | Phillips Industries | Operations Support | $ | 2,572.00 | $ | 2,572.00 | |||||
5/13/2016 | Transfer | Payroll Account | Payroll | $ | 92.00 | $ | 92.00 | ||||||
5/16/2016 | 100,186 | Check | Grainger, Inc. | Operations Support | $ | 243.75 | $ | 243.75 | |||||
5/16/2016 | 100,187 | Check | Olson, Brian | Corporate Expense | $ | 336.19 | $ | 336.19 | |||||
5/16/2016 | 100,188 | Check | Addition Manufacturing Technol | Operations Support | $ | 4,023.00 | $ | 4,023.00 | |||||
5/16/2016 | 100,189 | Check | Amico Scientific Corp. | Operations Support | $ | 98.93 | $ | 98.93 | |||||
5/16/2016 | 100,190 | Check | Canon Financial Services, Inc. | Operations Support | $ | 6,933.77 | $ | 6,933.77 | |||||
5/16/2016 | 100,191 | Check | Falcon CNG, LLC | Operations Support | $ | 527.92 | $ | 527.92 | |||||
5/16/2016 | 100,192 | Check | Flw Service Corp South | Operations Support | $ | 1,327.77 | $ | 1,327.77 | |||||
5/16/2016 | 100,193 | Check | Industrial Metal Supply | Operations Support | $ | 592.89 | $ | 592.89 | |||||
5/16/2016 | 100,194 | Check | Irvine Ranch Water District | Operations Support | $ | 939.86 | $ | 939.86 | |||||
5/16/2016 | 100,195 | Check | Legal Shield | Corporate Expense | $ | 206.25 | $ | 206.25 | |||||
5/16/2016 | 100,196 | Check | Mcmaster-carr - Chicago | Operations Support | $ | 2,730.35 | $ | 2,730.35 | |||||
5/16/2016 | 100,197 | Check | N. Glantz & Son LLC | Operations Support | $ | 1,260.00 | $ | 1,260.00 | |||||
5/16/2016 | 100,198 | Check | Nguyen, John Ba | Operations Support | $ | 30.41 | $ | 30.41 | |||||
5/16/2016 | 100,199 | Check | Nolasco, Arnold | Operations Support | $ | 12.00 | $ | 12.00 | |||||
5/16/2016 | 100,200 | Check | Sonitrol Orange County | Operations Support | $ | 683.95 | $ | 683.95 | |||||
5/16/2016 | 100,201 | Check | The Rea Company | Operations Support | $ | 98.50 | $ | 98.50 | |||||
5/16/2016 | 100,202 | Check | Valley Power Systems North, In | Operations Support | $ | 7,915.00 | $ | 7,915.00 | |||||
5/16/2016 | 100,203 | Check | Zhang, Ming | Operations Support | $ | 47.80 | $ | 47.80 | |||||
5/16/2016 | 516,465 | Wire Out | KF Fiberglass, Inc. | Operations Support | $ | 2,500.00 | $ | 2,500.00 | |||||
5/16/2016 | 7,154,819 | Wire Out | OMB Saleri S.p.A. | Operations Support | $ | 9,484.02 | $ | 9,484.02 | |||||
5/16/2016 | 60,516,463 | Wire Out | ITT Industries Conoflow Inc | Operations Support | $ | 25,000.00 | $ | 25,000.00 | |||||
5/16/2016 | 60,516,464 | Wire Out | Mouser Electronics Inc | Operations Support | $ | 237.68 | $ | 237.68 | |||||
5/16/2016 | Transfer | Payroll Account | Payroll | $ | 11,340.68 | $ | 11,340.68 | ||||||
5/17/2016 | 100,204 | Check | CR&R Inc | Operations Support | $ | 329.05 | $ | 329.05 | |||||
5/17/2016 | 100,205 | Check | E T Horn Company | Operations Support | $ | 29,988.01 | $ | 29,988.01 | |||||
5/17/2016 | 100,206 | Check | Praxair Distribution Inc. | Operations Support | $ | 317.17 | $ | 317.17 | |||||
5/17/2016 | 100,207 | Check | Rotational Molding Inc. | Operations Support | $ | 399.10 | $ | 399.10 | |||||
5/17/2016 | 100,208 | Check | Southern Counties Lubricants, | Operations Support | $ | 2,007.40 | $ | 2,007.40 | |||||
5/17/2016 | 100,209 | Check | U.S. Trustee | Restructuring Professional Fees | $ | 650.00 | $ | 650.00 | |||||
5/17/2016 | 160,516 | Pre Auth Debit | WageWorks | Operations Support | $ | 1,179.60 | $ | 1,179.60 | |||||
5/17/2016 | Transfer | Payroll Account | Payroll | $ | 1,952.02 | $ | 1,952.02 | ||||||
5/18/2016 | 696,553 | Wire Out | ITT Industries Conoflow Inc | Operations Support | $ | 69,475.00 | $ | 69,475.00 | |||||
5/18/2016 | 4,697,455 | Wire Out | MASSMUTUAL | Corporate Expense | $ | 37,772.16 | $ | 37,772.16 | |||||
5/18/2016 | 7,133,954 | Wire Out | Qingdao Pacific Container Co., | Operations Support | $ | 39,960.00 | $ | 39,960.00 | |||||
5/19/2016 | 100,210 | Check | AZ MFG, INC. | Operations Support | $ | 8,203.05 | $ | 8,203.05 | |||||
5/19/2016 | 100,211 | Check | Gemini Manufacturing & Enginee | Operations Support | $ | 13,575.20 | $ | 13,575.20 | |||||
5/19/2016 | 100,212 | Check | Newport Laminates, Inc. | Operations Support | $ | 23,840.40 | $ | 23,840.40 | |||||
5/19/2016 | 100,213 | Check | Performance Composites, Inc. | Operations Support | $ | 15,720.60 | $ | 15,720.60 | |||||
5/19/2016 | 100,214 | Check | Quigley's Auto Body | Operations Support | $ | 19,573.00 | $ | 19,573.00 | |||||
5/19/2016 | 100,215 | Check | The Paint Department LLC | Operations Support | $ | 12,540.00 | $ | 12,540.00 | |||||
5/19/2016 | 100,216 | Check | Denovo Ventures, LLC | Operations Support | $ | 8,272.75 | $ | 8,272.75 | |||||
5/19/2016 | 694,554 | Wire Out | KF Fiberglass, Inc. | Operations Support | $ | 13,080.00 | $ | 13,080.00 | |||||
5/19/2016 | 700,566 | Wire Out | Uline Inc | Operations Support | $ | 2,942.94 | $ | 2,942.94 | |||||
5/19/2016 | 700,568 | Wire Out | TW Metals | Operations Support | $ | 12,200.00 | $ | 12,200.00 | |||||
5/19/2016 | Transfer | Payroll Account | Payroll | $ | 1,174.09 | $ | 1,174.09 | ||||||
5/20/2016 | 100,217 | Check | UPS Freight | Operations Support | $ | 134.40 | $ | 134.40 | |||||
5/20/2016 | 100,218 | Check | UFP Riverside LLC | Operations Support | $ | 5,237.57 | $ | 5,237.57 | |||||
5/20/2016 | 100,219 | Check | Advanced Industrial Solutions, | Operations Support | $ | 48,216.72 | $ | 48,216.72 | |||||
5/20/2016 | 100,220 | Check | Coast Compressor/CA Compressor | Operations Support | $ | 475.11 | $ | 475.11 | |||||
5/20/2016 | 100,221 | Check | Delsman, Mark | Operations Support | $ | 268.68 | $ | 268.68 | |||||
5/20/2016 | 100,222 | Check | FreightSaver.com | Operations Support | $ | 3,040.00 | $ | 3,040.00 | |||||
5/20/2016 | 100,223 | Check | Henriquez, Hernan | Corporate Expense | $ | 171.21 | $ | 171.21 | |||||
5/20/2016 | 100,224 | Check | Kissinger, Rachel (consultant) | Corporate Expense | $ | 840.00 | $ | 840.00 | |||||
5/20/2016 | 100,225 | Check | Lopez Gallegos, Gabriel | Operations Support | $ | 655.00 | $ | 655.00 | |||||
5/20/2016 | 100,226 | Check | Mazaika,David | Corporate Expense | $ | 501.00 | $ | 501.00 | |||||
5/20/2016 | 100,227 | Check | Michaels, Shannon | Operations Support | $ | 1,236.96 | $ | 1,236.96 | |||||
5/20/2016 | 100,228 | Check | Powell, Mike | Corporate Expense | $ | 304.11 | $ | 304.11 | |||||
5/20/2016 | 100,229 | Check | Precision Instrument Correctio | Operations Support | $ | 1,147.80 | $ | 1,147.80 | |||||
5/20/2016 | 100,230 | Check | Raymond, Matthew | Operations Support | $ | 395.51 | $ | 395.51 | |||||
5/20/2016 | 5,201,827 | Wire Out | Dowding Industries, Inc. | Operations Support | $ | 52,062.56 | $ | 52,062.56 | |||||
5/20/2016 | 20,162,917 | Wire Out | Mainstay Fuel Technologies LLC | Operations Support | $ | 10,000.00 | $ | 10,000.00 | |||||
5/20/2016 | Transfer | Payroll Account | Payroll | $ | 1,608.78 | $ | 1,608.78 | ||||||
5/23/2016 | 100,231 | Check | Grainger, Inc. | Operations Support | $ | 2,966.54 | $ | 2,966.54 | |||||
5/23/2016 | 100,232 | Check | Duggan Manufacturing LLC. | Operations Support | $ | 25,124.20 | $ | 25,124.20 | |||||
5/23/2016 | 100,233 | Check | Flw Service Corp South | Operations Support | $ | 312.01 | $ | 312.01 | |||||
5/23/2016 | 100,234 | Check | Orange Courier | Operations Support | $ | 2,228.53 | $ | 2,228.53 | |||||
5/23/2016 | 100,235 | Check | Orange/San Diego Fluid System | Operations Support | $ | 112.60 | $ | 112.60 | |||||
5/23/2016 | 100,236 | Check | R.S. HUGHES - CA | Operations Support | $ | 293.67 | $ | 293.67 | |||||
5/23/2016 | 100,237 | Check | Surface Preparation Solutions, | Operations Support | $ | 137.71 | $ | 137.71 | |||||
5/23/2016 | 740,505 | Wire Out | Uline Inc | Operations Support | $ | 993.60 | $ | 993.60 | |||||
5/23/2016 | 740,507 | Wire Out | Krayden, Inc. | Operations Support | $ | 446.40 | $ | 446.40 | |||||
5/23/2016 | Transfer | Payroll Account | Payroll | $ | 531.73 | $ | 531.73 | ||||||
5/25/2016 | 100,238 | Check | Newport Laminates, Inc. | Operations Support | $ | 10,364.75 | $ | 10,364.75 | |||||
5/25/2016 | 100,239 | Check | Gemini Manufacturing & Enginee | Operations Support | $ | 20,557.00 | $ | 20,557.00 | |||||
5/25/2016 | 100,240 | Check | Gemini Manufacturing & Enginee | Operations Support | $ | 292.00 | $ | 292.00 | |||||
5/25/2016 | 748,527 | Wire Out | Toray Carbon Fiber America, In | Operations Support | $ | 473,504.75 | $ | 473,504.75 | |||||
5/25/2016 | Transfer | Payroll Account | Payroll | $ | 246,987.78 | $ | 246,987.78 | ||||||
5/26/2016 | 100,241 | Check | Ernest Packaging Corporation | Operations Support | $ | 3,315.60 | $ | 3,315.60 | |||||
5/26/2016 | 100,242 | Check | Newport Laminates, Inc. | Operations Support | $ | 10,364.75 | $ | 10,364.75 | |||||
5/26/2016 | 100,243 | Check | Performance Composites, Inc. | Operations Support | $ | 10,480.40 | $ | 10,480.40 | |||||
5/26/2016 | 100,244 | Check | Quigley's Auto Body | Operations Support | $ | 24,833.60 | $ | 24,833.60 | |||||
5/26/2016 | 100,245 | Check | The Paint Department LLC | Operations Support | $ | 8,360.00 | $ | 8,360.00 | |||||
5/26/2016 | 100,246 | Check | Delaware Secretary of State | Corporate Expense | $ | 19,141.97 | $ | 19,141.97 | |||||
5/26/2016 | 100,247 | Check | Duggan Manufacturing LLC. | Operations Support | $ | 25,106.40 | $ | 25,106.40 | |||||
5/26/2016 | 100,248 | Check | Garden City Group, LLC | Restructuring Professional Fees | $ | 54,256.08 | $ | 54,256.08 | |||||
5/26/2016 | 100,249 | Check | Kirk DeCarlo | Operations Support | $ | 1,500.00 | $ | 1,500.00 | |||||
5/26/2016 | 100,250 | Check | Precision Powder Coating | Operations Support | $ | 338.00 | $ | 338.00 | |||||
5/26/2016 | 100,251 | Check | Troutman Sanders LLP | Corporate Expense | $ | 2,607.00 | $ | 2,607.00 | |||||
5/26/2016 | 100,252 | Check | Valin Corp | Operations Support | $ | 355.91 | $ | 355.91 | |||||
5/26/2016 | 100,253 | Check | Controlled Motion Solutions | Operations Support | $ | 26,668.63 | $ | 26,668.63 | |||||
5/26/2016 | 160,525 | Pre Auth Debit | WageWorks | Operations Support | $ | 105.00 | $ | 105.00 | |||||
5/26/2016 | 740,560 | Wire Out | KF Fiberglass, Inc. | Operations Support | $ | 13,080.00 | $ | 13,080.00 | |||||
5/26/2016 | 740,561 | Wire Out | Sonoco Protective Solutions | Operations Support | $ | 13,882.20 | $ | 13,882.20 | |||||
5/26/2016 | Transfer | Payroll Account | Payroll | $ | 128,727.60 | $ | 128,727.60 | ||||||
5/27/2016 | 1,450 | Wire Out | Aetna | Insurance | $ | 105,502.97 | $ | 105,502.97 | |||||
5/27/2016 | 4,176 | Wire Out | Aetna | Insurance | $ | 101,264.28 | $ | 101,264.28 | |||||
5/27/2016 | 4,177 | Wire Out | Aetna | Insurance | $ | 4,238.69 | $ | 4,238.69 | |||||
5/27/2016 | 100,254 | Check | AFLAC | Insurance | $ | 1,275.08 | $ | 1,275.08 | |||||
5/27/2016 | 100,255 | Check | Broadridge | Corporate Expense | $ | 452.25 | $ | 452.25 | |||||
5/27/2016 | 100,256 | Check | Canon Solutions America, Inc. | Operations Support | $ | 307.53 | $ | 307.53 | |||||
5/27/2016 | 100,257 | Check | Corodata Records Management, I | Operations Support | $ | 213.52 | $ | 213.52 | |||||
5/27/2016 | 100,258 | Check | Federal Express Corp. | Operations Support | $ | 315.90 | $ | 315.90 | |||||
5/27/2016 | 100,259 | Check | Fractel LLC | Operations Support | $ | 534.47 | $ | 534.47 | |||||
5/27/2016 | 100,260 | Check | Kim, Tae | Operations Support | $ | 1,885.47 | $ | 1,885.47 | |||||
5/27/2016 | 100,261 | Check | La Costa Water Consultants | Operations Support | $ | 250.00 | $ | 250.00 | |||||
5/27/2016 | 100,262 | Check | Legal Shield | Corporate Expense | $ | 190.30 | $ | 190.30 | |||||
5/27/2016 | 100,263 | Check | Michaels, Shannon | Operations Support | $ | 2,673.41 | $ | 2,673.41 | |||||
5/27/2016 | 100,264 | Check | Raymond, Matthew | Operations Support | $ | 254.80 | $ | 254.80 | |||||
5/27/2016 | 100,265 | Check | Sonitrol Orange County | Operations Support | $ | 683.95 | $ | 683.95 | |||||
5/27/2016 | 100,266 | Check | Southern Calif. Gas | Operations Support | $ | 5,461.34 | $ | 5,461.34 | |||||
5/27/2016 | 100,267 | Check | United Parcel Service | Operations Support | $ | 5,491.85 | $ | 5,491.85 | |||||
5/27/2016 | 100,268 | Check | Gemini Manufacturing & Enginee | Operations Support | $ | 2,210.00 | $ | 2,210.00 | |||||
5/27/2016 | 100,269 | Check | Klinedinst PC | Corporate Expense | $ | 11.09 | $ | 11.09 | |||||
5/27/2016 | 100,270 | Check | E T Horn Company | Operations Support | $ | 25,092.50 | $ | 25,092.50 | |||||
5/27/2016 | 100,272 | Check | Myriad Industries | Operations Support | $ | 2,657.85 | $ | 2,657.85 | |||||
5/27/2016 | 100,273 | Check | Freeway Fasteners Inc. | Operations Support | $ | 4,098.03 | $ | 4,098.03 | |||||
5/27/2016 | 100,274 | Check | Saratech | Operations Support | $ | 38,703.20 | $ | 38,703.20 | |||||
5/27/2016 | 740,577 | Wire Out | Dowding Industries Inc. | Operations Support | $ | 65,865.19 | $ | 65,865.19 | |||||
5/27/2016 | 740,578 | Wire Out | Big Rentz.com | Operations Support | $ | 3,020.18 | $ | 3,020.18 | |||||
5/27/2016 | 740,579 | Wire Out | KF Fiberglass, Inc. | Operations Support | $ | 2,500.00 | $ | 2,500.00 | |||||
5/27/2016 | 740,582 | Wire Out | Mouser Electronics, Inc. | Operations Support | $ | 232.00 | $ | 232.00 | |||||
5/27/2016 | 742,581 | Wire Out | Dorsett & Jackson, Inc. | Operations Support | $ | 7,095.00 | $ | 7,095.00 | |||||
5/27/2016 | Transfer | Payroll Account | Payroll | $ | 92.00 | $ | 92.00 | ||||||
5/31/2016 | 100,275 | Check | Coast Compressor/CA Compressor | Operations Support | $ | 679.26 | $ | 679.26 | |||||
5/31/2016 | 100,276 | Check | Commercial Solutions Today, LL | Operations Support | $ | 850.00 | $ | 850.00 | |||||
5/31/2016 | 100,277 | Check | Dresco | Operations Support | $ | 117.15 | $ | 117.15 | |||||
5/31/2016 | 100,278 | Check | Mcclean Anderson | Operations Support | $ | 1,743.12 | $ | 1,743.12 | |||||
5/31/2016 | 100,279 | Check | Nguyen, John Ba | Operations Support | $ | 21.57 | $ | 21.57 | |||||
5/31/2016 | 100,280 | Check | Standard Insurance Company | Insurance | $ | 1,850.97 | $ | 1,850.97 | |||||
5/31/2016 | 766,506 | Wire Out | Aetna Health of California | Insurance | $ | 4,238.69 | $ | 4,238.69 | |||||
5/31/2016 | 766,507 | Wire Out | Aetna Health of California | Insurance | $ | 101,264.28 | $ | 101,264.28 | |||||
5/31/2016 | 766,517 | Wire Out | Kepner Products Company | Operations Support | $ | 16,224.35 | $ | 16,224.35 | |||||
5/31/2016 | 766,520 | Wire Out | Wika Instrument LP | Operations Support | $ | 4,763.72 | $ | 4,763.72 | |||||
5/31/2016 | Transfer | Payroll Account | Payroll | $ | 10,919.90 | $ | 10,919.90 | ||||||
Various | Transfer | EastWest Bank | Bank Charges | $ | 1,421.70 | $ | 1,421.70 | ||||||
TOTAL DISBURSEMENTS THIS PERIOD: | $ | 798,770.18 | $ | 3,156,992.23 | $ | 3,955,762.41 | |||||||
GENERAL ACCOUNT | |||||||||||
BANK RECONCILIATION | |||||||||||
Bank statement Date: | 5/31/2016 | Balance on Statement: | $ | 1,170,596.37 | |||||||
Plus deposits in transit (a): | |||||||||||
Deposit Date | Deposit Amount | ||||||||||
TOTAL DEPOSITS IN TRANSIT | — | ||||||||||
Less Outstanding Checks (a): | |||||||||||
Check Number | Check Date | Check Amount | |||||||||
100049 | 4/25/2016 | 139.56 | |||||||||
100063 | 4/25/2016 | 55.67 | |||||||||
100096 | 5/2/2016 | 20,000.00 | |||||||||
100156 | 5/11/2016 | 14,454.00 | |||||||||
100158 | 5/11/2016 | 276.00 | |||||||||
100165 | 5/11/2016 | 130.00 | |||||||||
100172 | 5/12/2016 | 1,418.00 | |||||||||
100225 | 5/20/2016 | 655.00 | |||||||||
100227 | 5/20/2016 | 1,236.96 | |||||||||
100236 | 5/23/2016 | 293.67 | |||||||||
100237 | 5/23/2016 | 137.71 | |||||||||
100241 | 5/26/2016 | 3,315.60 | |||||||||
100242 | 5/26/2016 | 10,364.75 | |||||||||
100243 | 5/26/2016 | 10,480.40 | |||||||||
100246 | 5/26/2016 | 19,141.97 | |||||||||
100247 | 5/26/2016 | 25,106.40 | |||||||||
100248 | 5/26/2016 | 54,256.08 | |||||||||
100249 | 5/26/2016 | 1,500.00 | |||||||||
100252 | 5/26/2016 | 355.91 | |||||||||
100253 | 5/26/2016 | 26,668.63 | |||||||||
100254 | 5/27/2016 | 1,275.08 | |||||||||
100255 | 5/27/2016 | 452.25 | |||||||||
100256 | 5/27/2016 | 307.53 | |||||||||
100257 | 5/27/2016 | 213.52 | |||||||||
100258 | 5/27/2016 | 315.90 | |||||||||
100259 | 5/27/2016 | 534.47 | |||||||||
100260 | 5/27/2016 | 1,885.47 | |||||||||
100261 | 5/27/2016 | 250.00 | |||||||||
100262 | 5/27/2016 | 190.30 | |||||||||
100263 | 5/27/2016 | 2,673.41 | |||||||||
100264 | 5/27/2016 | 254.80 | |||||||||
100265 | 5/27/2016 | 683.95 | |||||||||
100266 | 5/27/2016 | 5,461.34 | |||||||||
100267 | 5/27/2016 | 5,491.85 | |||||||||
100268 | 5/27/2016 | 2,210.00 | |||||||||
100269 | 5/27/2016 | 11.09 | |||||||||
100270 | 5/27/2016 | 25,092.50 | |||||||||
100272 | 5/27/2016 | 2,657.85 | |||||||||
100273 | 5/27/2016 | $ | 4,098.03 | ||||||||
100274 | 5/27/2016 | $ | 38,703.20 | ||||||||
100275 | 5/31/2016 | $ | 679.26 | ||||||||
100276 | 5/31/2016 | $ | 850.00 | ||||||||
100277 | 5/31/2016 | $ | 117.15 | ||||||||
100278 | 5/31/2016 | $ | 1,743.12 | ||||||||
100279 | 5/31/2016 | $ | 21.57 | ||||||||
100280 | 5/31/2016 | $ | 1,850.97 | ||||||||
TOTAL OUTSTANDING CHECKS: | $ | 288,010.92 | |||||||||
Bank statement Adjustments: | |||||||||||
Explanation of Adjustments- | |||||||||||
ADJUSTED BANK BALANCE: | $ | 882,585.45 | |||||||||
I. CASH RECEIPTS AND DISBURSEMENTS | |||||||
B. (PAYROLL ACCOUNT) | |||||||
1. TOTAL RECEIPTS PER ALL PRIOR PAYROLL ACCOUNT REPORTS | $ | 1,117,671.90 | |||||
2. LESS: TOTAL DISBURSEMENTS PER ALL PRIOR PAYROLL | $ | 1,117,676.10 | |||||
ACCOUNT REPORTS | |||||||
3. BEGINNING BALANCE: | $ | (4.2 | ) | ||||
4. RECEIPTS DURING CURRENT PERIOD: | $ | 798,770.18 | |||||
(Transferred from General Account) | |||||||
5. BALANCE: | $ | 798,765.98 | |||||
6. LESS: TOTAL DISBURSEMENTS DURING CURRENT PERIOD | |||||||
TOTAL DISBURSEMENTS THIS PERIOD:*** | $ | 805,187.27 | |||||
7. ENDING BALANCE: | $ | (6,421.29 | ) | ||||
8. | PAYROLL Account Number(s): | 5500005530 | |||||
Depository Name & Location: | East West Bank | ||||||
134 N Los Robles Ave, Pasadena, CA 91101 | |||||||
1. TOTAL RECEIPTS PER ALL PRIOR PAYROLL ACCOUNT REPORTS | 110,258.75 | |||||
2. LESS: TOTAL DISBURSEMENTS PER ALL PRIOR PAYROLL | 110,270.75 | |||||
ACCOUNT REPORTS | ||||||
3. BEGINNING BALANCE: | (12.00 | ) | ||||
4. RECEIPTS DURING CURRENT PERIOD: | 1,007,413.15 | |||||
(Transferred from General Account) | ||||||
5. BALANCE: | 1,007,401.15 | |||||
6. LESS: TOTAL DISBURSEMENTS DURING CURRENT PERIOD | ||||||
TOTAL DISBURSEMENTS THIS PERIOD:*** | 1,007,405.35 | |||||
7. ENDING BALANCE: | (4.20 | ) | ||||
8. | PAYROLL Account Number(s): | XXXXXX5530 | ||||
Depository Name & Location: | East West Bank | |||||
134 N Los Robles Ave, Pasadena, CA 91101 | ||||||
TOTAL DISBURSEMENTS FROM PAYROLL ACCOUNT FOR CURRENT PERIOD | |||||||
Date mm/dd/yyyy | Check Number | Payee | Purpose | Amount | |||
5/1/2016 | 51,802 | Quantum Employee | Employee Payroll | $ | 1,160.86 | ||
5/1/2016 | 51,803 | Quantum Employee | Employee Payroll | $ | 876.74 | ||
5/1/2016 | 51,804 | Quantum Employee | Employee Payroll | $ | 1,068.88 | ||
5/1/2016 | 51,805 | Quantum Employee | Employee Payroll | $ | 1,819.84 | ||
5/1/2016 | 51,806 | Quantum Employee | Employee Payroll | $ | 2,523.08 | ||
5/1/2016 | 51,807 | Quantum Employee | Employee Payroll | $ | 972.98 | ||
5/1/2016 | 51,808 | Quantum Employee | Employee Payroll | $ | 1,130.53 | ||
5/1/2016 | 51,809 | Quantum Employee | Employee Payroll | $ | 1,529.59 | ||
5/6/2016 | ADP | ADP PAYROLL FEES ADP - FEES 160506 10OIY 8283859 | $ | 674.50 | |||
5/11/2016 | ADP | ADP TAX SVCS INC. REV. WIRE IMPOUND | $ | 248,238.05 | |||
5/11/2016 | EastWest Bank | OUTGOING WIRE FEE | $ | 30.00 | |||
5/12/2016 | ADP | ADP PAYROLL TAX DE POSIT CUSTODIAN | $ | 134,569.08 | |||
5/12/2016 | ADP | ADP TAX SVCS INC. REV. WIRE IMPOUND | $ | 745.27 | |||
5/12/2016 | EastWest Bank | OUTGOING WIRE FEE | $ | 30.00 | |||
5/12/2016 | EastWest Bank | OUTGOING WIRE FEE | $ | 30.00 | |||
5/13/2016 | 51,810 | Quantum Employee | Employee Payroll | $ | 533.01 | ||
5/13/2016 | 51,811 | Quantum Employee | Employee Payroll | $ | 1,174.09 | ||
5/13/2016 | 51,812 | Quantum Employee | Employee Payroll | $ | 531.73 | ||
5/13/2016 | 51,813 | Quantum Employee | Employee Payroll | $ | 566.46 | ||
5/13/2016 | 51,814 | Quantum Employee | Employee Payroll | $ | 1,150.81 | ||
5/13/2016 | 51,815 | Quantum Employee | Employee Payroll | $ | 2,018.47 | ||
5/13/2016 | 51,816 | Quantum Employee | Employee Payroll | $ | 422.44 | ||
5/13/2016 | 51,817 | Quantum Employee | Employee Payroll | $ | 1,853.69 | ||
5/13/2016 | 51,818 | Quantum Employee | Employee Payroll | $ | 2,523.08 | ||
5/13/2016 | 51,819 | Quantum Employee | Employee Payroll | $ | 1,077.44 | ||
5/13/2016 | 51,820 | Quantum Employee | Employee Payroll | $ | 1,617.72 | ||
5/13/2016 | 51,821 | Quantum Employee | Employee Payroll | $ | 1,529.58 | ||
5/13/2016 | 51,822 | Quantum Employee | Employee Payroll | $ | 1,062.74 | ||
5/13/2016 | EastWest Bank | OUTGOING WIRE FEE 000000000000842 | $ | 32.00 | |||
5/20/2016 | ADP | ADP PAYROLL FEES ADP - FEES 160520 10OIY 8970013 | $ | 546.04 | |||
5/25/2016 | ADP | ADP TAX SVCS INC. REV. WIRE IMPOUND | $ | 246,987.78 | |||
5/25/2016 | EastWest Bank | OUTGOING WIRE FEE | $ | 30.00 | |||
5/26/2016 | ADP | ADP PAYROLL TAX DE POSIT CUSTODIAN | $ | 127,894.34 | |||
5/26/2016 | ADP | ADP TAX SVCS INC. REV. WIRE IMPOUND | $ | 803.26 | |||
5/26/2016 | EastWest Bank | OUTGOING WIRE FEE | $ | 30.00 | |||
5/26/2016 | EastWest Bank | OUTGOING WIRE FEE | $ | 30.00 | |||
5/27/2016 | 51,823 | Quantum Employee | Employee Payroll | $ | 652.53 | ||
5/27/2016 | 51,824 | Quantum Employee | Employee Payroll | $ | 1,549.03 | ||
5/27/2016 | 51,825 | Quantum Employee | Employee Payroll | $ | 1,520.25 | ||
5/27/2016 | 51,826 | Quantum Employee | Employee Payroll | $ | 1,398.78 | ||
5/27/2016 | 51,827 | Quantum Employee | Employee Payroll | $ | 1,156.37 | ||
5/27/2016 | 51,828 | Quantum Employee | Employee Payroll | $ | 1,839.14 | ||
5/27/2016 | 51,829 | Quantum Employee | Employee Payroll | $ | 836.36 | ||
5/27/2016 | 51,830 | Quantum Employee | Employee Payroll | $ | 1,833.39 | ||
5/27/2016 | 51,831 | Quantum Employee | Employee Payroll | $ | 2,523.09 | ||
5/27/2016 | 51,832 | Quantum Employee | Employee Payroll | $ | 1,007.24 | ||
5/27/2016 | 51,833 | Quantum Employee | Employee Payroll | $ | 1,468.42 | ||
5/27/2016 | 51,834 | Quantum Employee | Employee Payroll | $ | 1,529.59 | ||
5/27/2016 | EastWest Bank | OUTGOING WIRE FEE 000000000000904 | $ | 32.00 | |||
5/31/2016 | EastWest Bank | ZBA MAINTENANCE SU B | $ | 15.00 | |||
5/31/2016 | EastWest Bank | Maintenance Fee | $ | 12.00 | |||
TOTAL DISBURSEMENTS THIS PERIOD: | $ | 805,187.27 | |||||
PAYROLL ACCOUNT | |||||||||||
BANK RECONCILIATION | |||||||||||
Bank statement Date: | 5/31/2016 | Balance on Statement: | (12.00 | ) | |||||||
Plus deposits in transit (a): | |||||||||||
Deposit Date | Deposit Amount | ||||||||||
TOTAL DEPOSITS IN TRANSIT | — | ||||||||||
Less Outstanding Checks (a): | |||||||||||
Check Number | Check Date | Check Amount | |||||||||
51,825 | 5/27/2016 | $ | 1,520.25 | ||||||||
51,829 | 5/27/2016 | $ | 836.36 | ||||||||
51,831 | 5/27/2016 | $ | 2,523.09 | ||||||||
51,834 | 5/27/2016 | $ | 1,529.59 | ||||||||
TOTAL OUTSTANDING CHECKS: | 6,409.29 | ||||||||||
Bank statement Adjustments: | |||||||||||
Explanation of Adjustments- | |||||||||||
ADJUSTED BANK BALANCE: | (6,421.29 | ) | |||||||||
I. CASH RECEIPTS AND DISBURSEMENTS | ||||||
C. (CASH COLLATERAL ACCOUNT) | ||||||
1. TOTAL RECEIPTS PER ALL PRIOR CASH COLLATERAL ACCOUNT REPORTS | 569,568.67 | |||||
2. LESS: TOTAL DISBURSEMENTS PER ALL PRIOR CASH COLLATERAL | 439,280.14 | |||||
ACCOUNT REPORTS | ||||||
3. BEGINNING BALANCE: | 130,288.53 | |||||
4. RECEIPTS DURING CURRENT PERIOD: | 961,570.93 | |||||
5. BALANCE: | 1,091,859.46 | |||||
6. LESS: TOTAL DISBURSEMENTS DURING CURRENT PERIOD | ||||||
TOTAL DISBURSEMENTS THIS PERIOD: | 453,695.98 | |||||
7. ENDING BALANCE: | 638,163.48 | |||||
8. | CASH COLLATERAL Account Number(s): | 5500005551 | ||||
Depository Name & Location: | East West Bank | |||||
134 N Los Robles Ave, Pasadena, CA 91101 | ||||||
TOTAL DISBURSEMENTS FROM CASH COLLATERAL ACCOUNT FOR CURRENT PERIOD | ||||||
Date mm/dd/yyyy | Check Number | Payee | Purpose | Total Amount | ||
05/02/2016 | EastWest Bank | SERVICE CHARGE | 1.25 | |||
05/10/2016 | DEPOSIT CORRECTION | 19,120.98 | ||||
05/11/2016 | EastWest Bank | FOREIGN ITEM COLLECTION FEE | 25 | |||
05/11/2016 | EastWest Bank | FOREIGN ITEM COLLECTION FEE | 25 | |||
05/16/2016 | EastWest Bank | SERVICE CHARGE | 1.25 | |||
05/16/2016 | EastWest Bank | SERVICE CHARGE | 1.25 | |||
05/23/2016 | EastWest Bank | SERVICE CHARGE | $ | 1.25 | ||
05/23/2016 | TRANSFER TO GENERAL ACCT. | $ | 134,500.00 | |||
05/27/2016 | EastWest Bank | WIRE TRANS-IN CHARGE | $ | 10.00 | ||
05/31/2016 | EastWest Bank | WIRE TRANS-IN CHARGE | $ | 10.00 | ||
05/31/2016 | TRANSFER TO GENERAL ACCT. | $ | 300,000.00 | |||
TOTAL DISBURSEMENTS THIS PERIOD: | $ | 453,695.98 | ||||
CASH COLLATERAL ACCOUNT | |||||||||
BANK RECONCILIATION | |||||||||
Bank statement Date: | 5/31/2016 | Balance on Statement: | $ | 638,163.48 | |||||
Plus deposits in transit (a): | |||||||||
Deposit Date | Deposit Amount | ||||||||
TOTAL DEPOSITS IN TRANSIT | — | ||||||||
Less Outstanding Checks (a): | |||||||||
Check Number | Check Date | Check Amount | |||||||
TOTAL OUTSTANDING CHECKS: | — | ||||||||
Bank statement Adjustments: | |||||||||
Explanation of Adjustments- | |||||||||
ADJUSTED BANK BALANCE: | $ | 638,163.48 | |||||||
I. D SUMMARY SCHEDULE OF CASH | |||||||||
ENDING BALANCES FOR THE PERIOD: | |||||||||
(Provide a copy of monthly account statements for each of the below) | |||||||||
General Account: | 882,585.45 | ||||||||
Payroll Account: | (6,421.29 | ) | |||||||
Cash Collateral Account: | 638,163.48 | ||||||||
Other Accounts: | |||||||||
Other Monies: | |||||||||
Petty Cash (from below): | 428.65 | ||||||||
TOTAL CASH AVAILABLE: | 1,514,756.29 | ||||||||
Petty Cash Transactions: | |||||||||
Date | Purpose | Amount | |||||||
5/1/2016 | Beginning Balance | 230.66 | |||||||
5/6/2016 | Corporate Expense | (12.00 | ) | ||||||
5/6/2016 | Replenish Petty Cash (check #100139) | 800.04 | |||||||
5/9/2016 | Replenish Petty Cash (check #100151) | 900.00 | |||||||
5/10/2016 | Operations Support | (99.86 | ) | ||||||
5/11/2016 | Corporate Expense | (888.71 | ) | ||||||
5/11/2016 | Operations Support | (40.00 | ) | ||||||
5/11/2016 | Operations Support | (40.00 | ) | ||||||
5/16/2016 | Corporate Expense | (60.00 | ) | ||||||
5/17/2016 | Corporate Expense | (166.99 | ) | ||||||
5/25/2016 | Corporate Expense | (80.15 | ) | ||||||
5/26/2016 | Corporate Expense | (63.43 | ) | ||||||
5/26/2016 | Operations Support | (20.00 | ) | ||||||
5/31/2016 | Operations Support | (14.00 | ) | ||||||
5/26/2016 | Operations Support | (16.91 | ) | ||||||
TOTAL PETTY CASH TRANSACTIONS: | 428.65 | ||||||||
II. STATUS OF PAYMENTS TO SECURED CREDITORS, LESSORS | |||||||
AND OTHER PARTIES TO EXECUTORY CONTRACTS | |||||||
Creditor, Lessor, Etc. | Frequency of Payments (Mo/Qtr) | Amount of Payment | Post-Petition payments not made (Number) | Total Due | |||
See Exhibit II | |||||||
TOTAL DUE: | — | ||||||
III. TAX LIABILITIES | |||||||
FOR THE REPORTING PERIOD: | |||||||
Gross Sales Subject to Sales Tax: | — | ||||||
Total Wages Paid: | 838,488.7 | ||||||
Total Post-Petition Amounts Owing | Amount Delinquent | Date Delinquent Amount Due | |||||
Federal Withholding | — | — | N/A | ||||
State Withholding | — | — | N/A | ||||
FICA- Employer's Share | — | — | N/A | ||||
FICA- Employee's Share | — | — | N/A | ||||
Federal Unemployment | — | — | N/A | ||||
Sales and Use | — | — | N/A | ||||
Real Property | — | — | N/A | ||||
Other: | |||||||
TOTAL: | — | — | |||||
II. STATUS OF PAYMENTS TO SECURED CREDITORS, LESSORS | ||||||||
AND OTHER PARTIES TO EXECUTORY CONTRACTS | ||||||||
Creditor, Lessor, Etc. | Frequency of Payments (Mo/Qtr) | Amount of Payment | PostPetition payments not made (Number) | Total Due | ||||
Advanced Industrial Solutions, Inc. | Varies | $ | 48,216.72 | |||||
Amico Scientific Corp. | Varies | $ | 284.69 | |||||
AZ MFG, INC. | Varies | $ | 16,498.65 | |||||
Braden Court | Monthly | $ | 52,002.58 | |||||
Buck Company, Inc. | Varies | $ | 39,537.11 | |||||
CALFASTENERS | Varies | $ | 165.79 | |||||
Canon Solutions America, Inc. | Varies | $ | 307.53 | |||||
Centre Court Properties, LLC | Monthly | $ | 1,200.00 | |||||
Clean Air Power, Inc. | Varies | $ | 6,810.00 | |||||
COLOR MASTERS | Varies | $ | 299.14 | |||||
Controlled Motion Solutions | Varies | $ | 50,375.70 | |||||
Crenshaw Die MFG | Varies | $ | 2,864 | |||||
Denovo Ventures, LLC | Varies | $ | 8,272.75 | |||||
Dorsett & Jackson, Inc. | Varies | $ | 14,190.00 | |||||
Dowding Industries, Inc. | Varies | $ | 170,254.63 | 1 | $ | 43,221.45 | ||
Duggan Manufacturing LLC. | Varies | $ | 69,859.24 | |||||
E T Horn Company | Varies | $ | 80,173.01 | |||||
ERNEST PACKAGING CORPORATION | Varies | $ | 9,946.8 | |||||
Fabcor | Varies | $ | 25,000.00 | |||||
Flw Service Corp South | Varies | $ | 1,639.78 | |||||
Freeway Fasteners Inc. | Varies | $ | 11,333.23 | |||||
Gemini Manufacturing & Engineering | Varies | $ | 46,950.73 | |||||
ITT Industries Conoflow Inc | Varies | $ | 119,475 | |||||
Jeffrey Drews | Varies | $ | 162.67 | |||||
Kepner Products Company | Varies | $ | 16,224.35 | |||||
KF Fiberglass, Inc. | Varies | $ | 57,640 | |||||
Krayden, Inc. | Varies | $ | 5,202.00 | |||||
Mainstay Fuel Technologies LLC | Varies | $ | 10,000.00 | |||||
Mc Clean Anderson Inc | Varies | $ | 1,743.12 | |||||
Mcmastercarr Chicago | Varies | $ | 2,730.35 | 1 | 17.62 | |||
MHC KENWORTH ATLANTA | Varies | $ | 3,701.59 | |||||
MITSUBISHI RAYON - SACRAMENTO | Varies | $ | 38,841.35 | |||||
MK Products, Inc. | Varies | $ | 8,858.03 | |||||
Mouser Electronics Inc | Varies | $ | 469.68 | |||||
N. Glantz & Son LLC | Varies | $ | 1,260 | |||||
NEWPORT LAMINATES, INC. | Varies | $ | 75,661.15 | |||||
Nexeo Solutions, LLC | Varies | $ | 64,664.00 | |||||
Olson, Brian | Varies | $ | 32,480.31 | |||||
Bradley Jay Timon | Varies | $ | 21,696.84 | |||||
Kenneth R Lombardo | Varies | $ | 20,957.78 | |||||
Mark L Arold | Varies | $ | 20,406.40 | |||||
Olympus Scientific Solutions Americas | Varies | $ | 225.00 | |||||
OMB Saleri S.p.A. | Varies | $ | 9,484.02 | |||||
Performance Composites, Inc. | Varies | $ | 54,607.80 | |||||
Phillips Industries | Varies | $ | 2,572 | |||||
Pratt Industries, Inc. | Varies | $ | 6,515.4 | |||||
Praxair Distribution Inc. | Varies | $ | 317.17 | |||||
Precision Instrument Correction Inc. | Varies | $ | 1,147.80 | |||||
Precision Urethane & Machine, Inc. | Varies | $ | 12,555.00 | |||||
Precision Waterjet & Laser, Inc. | Varies | $34,475.33 | ||||||
ROTATIONAL MOLDING INC. | Varies | $399.10 | ||||||
Royal Systems Group, Inc. | Varies | $10,663.79 | ||||||
SENGA ENGINEERING, INC. | Varies | $46,580.00 | ||||||
St. Clair Technologies, Inc. | Varies | $11,940.79 | ||||||
Tescom Corporation Inc | Varies | $8,349.00 | ||||||
Toray Carbon Fiber America, Inc | Varies | $473,504.75 | ||||||
UFP Riverside LLC | Varies | $10,475.14 | ||||||
Verizon Wireless Inc | Monthly | $2,471.70 | 3 | $ 898.80 | ||||
WEST COAST GASKET CO. INC | Varies | $31,703.60 | ||||||
Wika Instruments, LP | Varies | $4,763.72 | 2 | $ 3,306.40 | ||||
XO COMMUNICATIONS, LLC | Varies | $3,407.62 | ||||||
TOTAL DUE: | $ 47,444.27 | |||||||
IV. AGING OF ACCOUNTS PAYABLE AND RECEIVABLE | ||||||
Accounts Payable | Accounts Receivable | |||||
Post-Petition | Pre-Petition | Post-Petition | ||||
30 days or less | $46,545 | $0 | $3,958,795 | |||
31 - 60 days | $899 | $0 | $347,553 | |||
61 - 90 days | $607,516 | $117,240 | ||||
91 - 120 days | $1,543,431 | |||||
TOTAL: | $47,444 | $2,150,947 | $4,423,588 | |||
V. INSURANCE COVERAGE | ||||||
Name of Carrier | Amount of Coverage | Policy Expiration Date | Premium Paid Through (Date) | |||
General Liability | First Specialty Insurance Co | $5,000,000 | 10/1/2016 | 10/1/2016 | ||
Worker's Compensation | Hartford | $1,000,000 | 7/23/2016 | 7/23/2016 | ||
Umbrella | Chubb Custom Insurance Co | $5,000,000 | 10/1/2016 | 10/1/2016 | ||
Vehicle | Hartford Fire Ins Co. | $1,000,000 | 10/1/2016 | 10/1/2016 | ||
D&O - primary | XL Specialty Insurance Co | $5,000,000 | 10/1/2016 | 10/1/2016 | ||
D&O - excess 1st layer | Old Republic Ins Co | $5,000,000 | 10/1/2016 | 10/1/2016 | ||
D&O - excess 2nd layer | National Union Fire Co of Pittsburg | $5,000,000 | 10/1/2016 | 10/1/2016 | ||
Fiduciary & Crime | Federal Insurance Co | $1,000,000 | 10/1/2016 | 10/1/2016 | ||
E&O | Lloyds of London | $2,000,000 | 8/2/2016 | 8/2/2016 | ||
VI. UNITED STATES TRUSTEE QUARTERLY FEES | ||||||
(TOTAL PAYMENTS) | ||||||
Quarterly Period Ending (Date) | Total Disbursements | Quarterly Fees | Date Paid | Amount Paid | Quarterly Fees Still Owing | |
31-Mar-2016 | $ 148,879.79 | $ 975.00 | 5/17/2016 | $ 975.00 | 0 | |
— | ||||||
0 | ||||||
0 | ||||||
0 | ||||||
$ 975.00 | $ 975.00 | 0 | ||||
VII SCHEDULE OF COMPENSATION PAID TO INSIDERS | |||||
Name of Insider | Date of Order Authorizing Compensation | *Authorized Gross Compensation | Gross Compensation Paid During the Month | ||
Bradley Jay Timon | 21,696.84 | ||||
Kenneth R Lombardo | 20,957.78 | ||||
Mark L Arold | 20,406.4 | ||||
William B Olson | 32,144.12 | ||||
VIII. SCHEDULE OF OTHER AMOUNTS PAID TO INSIDERS | |||||
Name of Insider | Date of Order Authorizing Compensation | Description | Amount Paid During the Month | ||
William B Olson | Expense Reimbursement | 336.19 | |||
IX. PROFIT AND LOSS STATEMENT | |||||||||
(ACCRUAL BASIS ONLY) | |||||||||
May 2016 | Cumulative Post-Petition | ||||||||
Sales/Revenue: | |||||||||
Gross Product Sales/Revenue | $ | 3,935,972 | $ | 4,898,200 | |||||
Gross Contract & License Fee Revenue | $ | 733,488 | $ | 1,071,831 | |||||
Less: Returns/Discounts | $ | — | $ | — | |||||
Net Sales/Revenue | $ | 4,669,460 | $ | 5,970,031 | |||||
Cost of Goods Sold: | |||||||||
Beginning Inventory at cost | $ | 9,618,296 | $ | 9,143,311 | |||||
Purchases | $ | 1,575,453 | $ | 2,873,147 | |||||
Less: Ending Inventory at cost | $ | 8,876,137 | $ | 9,079,528 | |||||
Cost of Goods Sold (COGS) | $ | 2,317,612 | $ | 2,936,930 | |||||
Inventory variances related to Q1 | $ | — | $ | 203,391 | |||||
Direct Labor | $ | 173,719 | $ | 328,240 | |||||
Indirect COGS | $ | 509,470 | $ | 1,108,348 | |||||
Cost of Contract Revenue | $ | 85,178 | $ | 236,014 | |||||
Gross Profit | $ | 1,583,481 | $ | 1,157,109 | |||||
Other Operating Income (Itemize) | |||||||||
Operating Expenses: | |||||||||
Payroll - Insiders | $ | 95,205 | $ | 230,713 | |||||
Payroll - Other Employees | $ | 371,814 | $ | 1,053,044 | |||||
Payroll Taxes | $ | 59,535 | $ | 136,856 | |||||
Other Taxes (Itemize) | $ | 19,408 | $ | 21,538 | |||||
Depreciation and Amortization | $ | 82,182 | $ | 211,666 | |||||
Rent Expense - Real Property | $ | 65,738 | $ | 150,957 | |||||
Lease Expense - Personal Property | $ | 2,765 | $ | 7,609 | |||||
Insurance | $ | 134,139 | $ | 308,574 | |||||
Real Property Taxes | $ | 7,387 | $ | 16,979 | |||||
Telephone and Utilities | $ | 27,083 | $ | 62,859 | |||||
Repairs and Maintenance | $ | 45,951 | $ | 71,708 | |||||
Travel and Entertainment (Itemize) | |||||||||
Meals & Entertainment | $ | 215 | $ | 892 | |||||
Travel & Subsistence | $ | 316 | $ | 8,229 | |||||
Miscellaneous Operating Expenses (Itemize) | $ | 39,945 | |||||||
Legal & Consulting Fees | $ | 28,402 | $ | 62,859 | |||||
Equipment Supplies | $ | 34,904 | $ | 90,879 | |||||
Shared Services (I.T., Procurement, Facility) | $ | 15,563 | $ | 33,291 | |||||
Provision for General Reserves for Accts Rec | $ | 73,188 | $ | 73,188 | |||||
Total Operating Expenses | $ | 1,063,796 | $ | 2,581,786 | |||||
Net Gain/(Loss) from Operations | $ | 519,685 | $ | (1,424,677 | ) | ||||
Non-Operating Income: | |||||||||
Interest Income | $ | — | $ | — | |||||
Net Gain on Sale of Assets (Itemize) | $ | — | $ | — | |||||
Income from discontinued operations | $ | 4,426 | $ | 80,199 | |||||
Total Non-Operating income | $ | 4,426 | $ | 80,199 | |||||
Non-Operating Expenses: | |||||||||
Interest Expense | $ | 307,172 | $ | 594,223 | |||||
Legal and Professional (Itemize) | |||||||||
Company Restructuring Advisors / CRO | $ | 177,818 | $ | 660,294 | |||||
Debtor Counsel | $ | 75,000 | $ | 610,000 | |||||
UCC Counsel | $ | 100,000 | $ | 200,000 | |||||
Claims Agent | $ | 60,000 | $ | 335,000 | |||||
Investment Banker | $ | 100,000 | $ | 200,000 | |||||
US Trustee | $ | 5,000 | $ | 10,000 | |||||
Other | $ | — | $ | — | |||||
Total Non-Operating Expenses | $ | 824,990 | $ | 2,609,517 | |||||
NET INCOME/(LOSS) | ($300,879) | ($3,953,995) | |||||||
X. BALANCE SHEET | ||||||||
(ACCRUAL BASIS ONLY) | ||||||||
ASSETS | Current Month End | |||||||
Current Assets: | ||||||||
Unrestricted Cash | 1,514,756 | |||||||
Restricted Cash | ||||||||
Accounts Receivable (Billed) | 6,574,535 | |||||||
Accounts Receivable (Un-Billed) | 629,441 | |||||||
Inventory | 8,876,137 | |||||||
Notes Receivable | ||||||||
Prepaid Expenses | 1,135,531 | |||||||
Other (Itemize) | ||||||||
Total Current Assets | $ | 18,730,400 | ||||||
Property, Plant, and Equipment | 42,383,013 | |||||||
Accumulated Depreciation/Depletion | (33,726,793 | ) | ||||||
Net Property, Plant, and Equipment | $ | 8,656,220 | ||||||
Other Assets (Net of Amortization): | ||||||||
Due from Insiders | — | |||||||
Deposits and other assets | 206,779 | |||||||
Discontinued Operations held for Sale | 2,095,243 | |||||||
Total Other Assets | $ | 2,302,022 | ||||||
TOTAL ASSETS | $ | 29,688,642 | ||||||
LIABILITIES | ||||||||
Post-petition Liabilities: | ||||||||
Accounts Payable | 47,444 | |||||||
Taxes Payable | 26,021 | |||||||
Notes Payable | ||||||||
Professional fees | 1,652,395 | |||||||
Payroll | 221,745 | |||||||
Deferred Revenue | 428,649 | |||||||
Accrued Warranties | 112,004 | |||||||
Other | 331,674 | |||||||
Secured Debt | ||||||||
DIP Loan - Douglas | ||||||||
Principal | 7,521,000 | |||||||
Accrued interest | 68,722 | |||||||
Bridge Bank - Line of Credit: | ||||||||
Principal | 202,527 | |||||||
Accrued interest | 28,868 | |||||||
Convertible Notes: | ||||||||
Accrued interest | 436,625 | |||||||
Total Post-petition Liabilities | $ | 11,077,674 | ||||||
Pre-petition Liabilities: | ||||||||
Secured Liabilities | 14,569,949 | |||||||
Priority Liabilities | 80,858 | |||||||
Unsecured Liabilities | 5,967,403 | |||||||
Payroll | 779,282 | |||||||
Deferred Revenue | 1,031,715 | |||||||
Accrued Warranties | 1,183,136 | |||||||
Other | 193,046 | |||||||
Total Pre-petition Liabilities | $ | 23,805,389 | ||||||
TOTAL LIABILITIES | $ | 34,883,063 | ||||||
EQUITY: | ||||||||
Pre-petition Owners’ Equity | (1,199,624 | ) | ||||||
Post-petition Profit/(Loss) | (3,953,995 | ) | ||||||
Direct Charges to Equity (change in fx rate) | (40,802 | ) | ||||||
TOTAL EQUITY | (5,194,421 | ) | ||||||
TOTAL LIABILITIES & EQUITY | $ | 29,688,642 | ||||||
XI. QUESTIONNAIRE | ||||
1. | Has the debtor-in-possession made any payments on its pre-petition unsecured debt, except as have been authorized by the court? If "Yes", explain below: | No | Yes | |
x | ||||
2. | Has the debtor-in-possession during this reporting period provided compensation or remuneration to any officers, directors, principals, or other insiders without appropriate authorization? If "Yes", explain below: | No | Yes | |
x | ||||
3. | State what progress was made during the reporting period toward filing a plan of reorganization | |||
The Company is in the process of running a 363 sale process and has completed the following: (a) finalized the amended Stalking Horse APA, (b) finalized amendments that increased the DIP financing commitment, (c) provided public notice of the Bar Date for Filing Proofs of Claim, and (d) provided public notices of the Auction and Sale Hearing dates and Procedures. | ||||
4. | Describe potential future developments which may have a significant impact on the case: | |||
5. | Attach copies of all Orders granting relief from the automatic stay that were entered during the reporting period. | |||
6. | Did you receive any exempt income this month, which is not set forth in the operating report? If "Yes", please set forth the amounts and sources of the income below. | No | Yes | |
x | ||||
I, | Bradley Timon, Chief Financial Officer, | |||
declare under penalty of perjury that I have fully read and understood the foregoing debtor-in-possession operating report and that the information contained herein is true and complete to the best of my knowledge. | ||||