EX-99.1 3 dex991.txt MONTHLY OPERATING REPORT Exhibit 99.1 UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF CALIFORNIA In re: AB Liquidating Corp. Case No. 01-53685 ASW 2055 Gateway Place, Suite 400 -------------- San Jose, CA 95110 CHAPTER 11 MONTHLY OPERATING REPORT (GENERAL BUSINESS CASE) ----------------------------------------- SUMMARY OF FINANCIAL STATUS MONTH ENDED: 12/31/01 (1) PETITION DATE: 07/26/01 ------------ -------- Debtor in possession (or trustee) hereby submits this Monthly Operating Report on the Accrual Basis of accounting (or if checked here the Office of the U.S. Trustee or the Court has approved the Cash Basis of Accounting for the Debtor). Dollars reported in $1 --
End of Current End of Prior As of Petition 2. Asset and Liability Structure Month Month Filing ----- ----- ------ a. Current Assets $ 33,304,618 $ 33,405,775 ------------ ------------ b. Total Assets $ 34,484,445 $ 34,574,602 $ 57,984,978 ------------ ------------ ------------ c. Current Liabilities $ 865,925 $ 826,038 ------------ ------------ d. Total Liabilities $ 29,238,867 $ 29,198,980 $ 28,398,051 ------------ ------------ ------------ Cumulative 3. Statement of Cash Receipts & Disbursements for Month Prior Month (Case to Date) ----------- ------------ a. Total Receipts $ 44,435 $ 6,625,916 $ 7,280,992 ------------ ------------ ------------ b. Total Disbursements $ 37,201 $ 337,641 $ 1,262,398 ------------ ------------ ------------ c. Excess (Deficiency) of Receipts Over Disbursements (a-b) $ 7,234 $ 6,288,275 $ 6,018,594 ------------ ------------ ------------ d. Cash Balance Beginning of Month $ 32,255,700 $ 25,967,425 $ 26,867,358 ------------ ------------ ------------ e. Cash Balance End of Month (c + d) $ 32,180,225 $ 32,255,700 $ 32,180,225 ------------ ------------ ------------ Cumulative Current Month Prior Month (Case to Date) ------------- ----------- ------------ 4. Profit/(Loss) from the Statement of Operations N/A N/A N/A ------------ ------------ ------------ 5. Account Receivables (Pre and Post Petition) $ 0 $ 0 ------------ ------------ 6. Post-Petition Liabilities $ 865,925 $ 826,038 ------------ ------------ 7. Past Due Post-Petition Account Payables (over 30 days) $ 0 $ 0 ------------ ------------ At the end of this reporting month: Yes No --- -- 8. Have any payments been made on pre-petition debt, other than payments in X the normal course to secured creditors or lessors? (if yes, attach listing ------------ ------------ including date of payment, amount of payment and name of payee) 9. Have any payments been made to professionals? (if yes, attach listing X including date of payment, amount of payment and name of payee) ------------ ------------ 1O. If the answer is yes to 8 or 9, were all such payments approved by the N/A N/A court? ------------ ------------ 11. Have any payments been made to officers, insiders, shareholders, relatives? X (if yes, attach listing including date of payment, amount and reason for ------------ ------------ payment, and name of payee) 12. Is the estate insured for replacement cost of assets and for general X liability? ------------ ------------ 13. Are a plan and disclosure statement on file? X ------------ ------------ 14. Was there any post-petition borrowing during this reporting period? X ------------ ------------ 15. Check if paid: Post-petition taxes X ; U.S. Trustee Quarterly Fees X ; Check if filing is current for: Post-petition --- --- tax reporting and tax returns: ___
(Attach explanation, if post-petition taxes or U.S. Trustee Quarterly Fees are not paid current or if post-petition tax reporting and tax return filings are not current.) I declare under penalty of perjury I have reviewed the above summary and attached financial statements, and after making reasonable inquiry believe these documents are correct. Date: 01/20/02 /s/ Daniel Scharre ---------------- --------------------------------------- Responsible Individual - Daniel Scharre BALANCE SHEET (General Business Case) For the Month Ended 12/31/01 ---------- Assets
From Schedules Market Value -------------- ------------ Current Assets 1 Cash and cash equivalents - unrestricted $ 26,855,318 ------------ 2 Cash and cash equivalents - restricted $ 5,324,906 ------------ 3 Accounts receivable (net) A $ 0 ------------ 4 Inventory B $ 0 ------------ 5 Prepaid expenses (See Note I) $ 574,394 ------------ 6 Professional retainers (estimate only) $ 550,000 ------------ 7 Other:__________________________________________ ------------ 8 ________________________________________________ ------------ 9 Total Current Assets $ 33,304,618 ------------ Property and Equipment (Market Value) 10 Real Property C $ 0 ------------ 11 Machinery & Equipment D $ 1,289 ------------ 12 Furniture and fixtures D $ 0 ------------ 13 Office equipment D $ 0 ------------ 14 Leasehold improvements D $ 0 ------------ 15 Computer, Hardware & Software D $ 138,401 ------------ 16 Other:__________________________________________ D ------------ 17 ________________________________________________ D ------------ 18 ________________________________________________ D ------------ 19 ________________________________________________ D ------------ 20 ________________________________________________ D 21 Total Property and Equipment (1) $ 139,690 ------------ Other Assets 22 Loans to shareholders ------------ 23 Loans to affiliates - Secured $ 0 ------------ 24 Loans to affiliates (net) - unsecured $ 0 ------------------------------------------------ ------------ 25 Notes Receivables $ 1,029,137 ------------------------------------------------ ------------ 26 Security Deposits (HQ Global Workplace) $ 11,000 ------------------------------------------------ ------------ 27 ________________________________________________ 28 Total Other Assets $ 1,040,137 ------------ 29 Total Assets $ 34,484,445 ============
NOTE: At the guidance of the US Trustee, AB Liquidating Corp., Debtor In Possession, is presenting its assets at cost value less accumulated depreciation, if any. In addition, Accounts Receivable, Inventory and Property Plant & Equipment are reflective of a provisional impairement write-down. (1) The Debtor ceased depreciating its fixed assets effective December 1, 200l. Liabilities and Equity (General Business Case) Liabilities From Schedules Post-Petition Current Liabilities 30 Salaries and Wages (including Contract Labor) ------------- 31 Payroll taxes ------------- 32 Real and personal property taxes ------------- 33 Income taxes ------------- 34 Sales taxes ------------- 35 Notes payable (short term) ------------- 36 Accounts payable (trade) A $ 23,925 ------------- 37 Real property lease arrearage ------------- 38 Personal property lease arrearage ------------- 39 Accrued professional fees (estimate only) $ 842,000 ------------- 40 Current portion of long-term post-petition debt (due within 12 months) ------------- 41 Other: _______________________________________ ------------- 42 ______________________________________________ ------------- 43 ______________________________________________ ------------- 44 Total Current Liabilities $ 865,925 ------------- 45 Long-Term Post-Petition Debt, Net of Current Portion ------------- 46 Total Post-Petition Liabilities $ 865,925 ------------- Pre-Petition Liabilities (allowed amount) 47 Secured claims F $ 0 ------------- 48 Priority unsecured claims F $ 159,165 ------------- 49 General unsecured claims F $ 28,213,777 ------------- 50 Total Pre-Petition Liabilities $ 28,372,942 ------------- 51 Total Liabilities $ 29,238,867 ------------- Equity (Deficit) 52 Retained Earnings/(Deficit) at time of filing $(131,091,067) ------------- 53 Capital Stock $ 3,777,628 ------------- 54 Additional paid-in capital $ 157,920,727 ------------- 55 Cumulative profit/(loss) since filing of case $ (25,361,710) ------------- 56 Post-petition contributions/(distributions) or (draws) $ 0 ------------- 57 ______________________________________________ ------------- 58 Market value adjustment $ 0 ------------- 59 Total Equity (Deficit) $ 5,245,578 ------------- 60 Total Liabilities and Equity (Deficit) $ 34,484,445 =============
AB Liquidating Corp. Debtor-In-Possession Footnotes to Balance Sheet December 2001 MOR NOTES: ----- Accounts Receivable -- All Accounts Receivable, totaling $272,878 in the ------------------- Debtor's books, were sold effective 11/2/2001. Property and Equipment -- The Debtor's Property and Equipment has been written ---------------------- down by $3,859,391 to reflect the sale of the Debtor's assets on 11/2/2001. Inventory -- All Inventory, totaling $3,562,945 in the Debtor's books, was sold --------- effective 11/2/2001. Note 1 -- Prepaid Expenses for the MOR period of December 2001 was $574,394. This amount represents Prepaid Insurance of $103K and Sales Tax Refunds (we are expecting) of $471K. SCHEDULES TO THE BALANCE SHEET (General Business Case) Schedule A Accounts Receivable and (Net) Payable
Accounts Receivable Accounts Payable Past Due Receivables and Payables Agings [Pre and Post Petition] [Post Petition] Post Petition Debt ----------------------- --------------- ------------------ 0 -30 Days $0 $23,925 ----------------------- --------------- 3l-60 Days $0 $0 ----------------------- --------------- 6l-90 Days $0 $0 $0 ----------------------- --------------- ------------------ 91+ Days $0 $0 ----------------------- --------------- Total accounts receivable/payable $0 $23,925 ----------------------- =============== Allowance for doubtful accounts $0 ----------------------- Accounts receivable (net) $0 ======================= Schedule B Inventory/Cost of Goods Sold Types and Amount of Inventory(ies) Cost of Goods Sold ---------------------------------- ------------------ Inventory Beginning of Month $0 ------------------ Inventory(ies) Add - Balance at Net Purchase ------------------ End of Month Direct labor ------------------ ------------- Manufacturing overhead ------------------ Freight in ------------------ Retail/Restaurants --------------- Other: ------------------ Product for resale ----------------------------------------------- ----------------------------------------------- Distribution - Less - Products for resale -------------- Inventory End of Month $0 ------------------ Manufacturer - Shrinkage ------------------ Raw Materials $ 0 Personal Use ------------------ -------------- $0 Work-in-progress $ 0 Cost of Goods Sold ================== -------------- Finished goods $ 0 -------------- Inventory Write-Down Provision $ 0 -------------- ------------------------------- ------------------------------- TOTAL $ 0 ============== Method of Inventory Control Inventory Valuation Methods Do you have a functioning perpetual inventory system? Indicate by a checkmark method of inventory used. Yes X No ____ --- How often do you a complete physical inventory? Valuation methods - FIFO cost --- Weekly _____ LIFO cost --- Monthly _____ Lower of cost or market X ---- Quarterly X Retail method ---- ----- Other ---- Semi-annually _____ Explain ---- Annually _____ Date of last physical inventory was 07/13/01 -------------- ------------------------------------------------ ------------------------------------------------ Date of next physical inventory is N/A -------------- ------------------------------------------------
Schedule C Real Property Description Cost Market Value N/A N/A N/A ------------------------------------------- -------- -------- ------------------------------------------- -------- -------- ------------------------------------------- -------- -------- ------------------------------------------- -------- -------- ------------------------------------------- -------- -------- ------------------------------------------- -------- -------- Total $ 0 $ 0 ======== ======== Schedule D Other Depreciable Assets Description Cost Market Value Machinery & Equipment - ---- ------------ $ 1,289 $ 1,289 -------------------------------------------------- -------- -------- -------------------------------------------------- -------- -------- -------------------------------------------------- -------- -------- -------------------------------------------------- -------- -------- Total $ 1,289 $ 1,289 ======== ======== Furniture & Fixtures - $ 0 $ 0 -------------------------------------------------- -------- -------- -------------------------------------------------- -------- -------- -------------------------------------------------- -------- -------- -------------------------------------------------- -------- -------- Total $ 0 $ 0 ======== ======== Office Equipment - $ 0 $ 0 -------------------------------------------------- -------- -------- -------------------------------------------------- -------- -------- -------------------------------------------------- -------- -------- Total $ 0 $ 0 ======== ======== Leasehold Improvements - $ 0 $ 0 --------------------------------------------------- -------- -------- --------------------------------------------------- -------- -------- --------------------------------------------------- -------- -------- --------------------------------------------------- -------- -------- Total $ 0 $ 0 ======== ======== Computer, Hardware & Software (1) Computer Equipment, Software, Firewall Servers, etc. $138,401 $138,401 --------------------------------------------------- -------- -------- --------------------------------------------------- -------- -------- --------------------------------------------------- -------- -------- --------------------------------------------------- -------- -------- Total $138,401 $138,401 ======== ========
NOTE: ---- On November 2, 2001, substantially all of the Debtor's assets were sold. The Debtor's Property and Equipment has been written down by $3,859,391 to reflect the sale. The Debtor's remaining Property and Equipment include servers, routers, and software. Effective 12/01/01, the company ceased depreciation of these assets. Schedule E Aging of Post-Petition Taxes (As of End of the Current Reporting Period)
Taxes Payable O-30 Days 31-60 Days 61-90 Days 91+ Days Total --------- ---------- ---------- ---------- ---------- Federal Income Tax Withholding $ 0 --------- ---------- ---------- ---------- ---------- FICA - Employee $ 0 --------- ---------- ---------- ---------- ---------- FICA - Employer $ 0 --------- ---------- ---------- ---------- ---------- Unemployment (FUTA) $ 0 --------- ---------- ---------- ---------- ---------- Income $ 0 --------- ---------- ---------- ---------- ---------- Other (Attach List) $ 0 --------- ---------- ---------- ---------- ---------- Total Federal Taxes $ 0 State and Local --------- ---------- ---------- ---------- ---------- Income Tax Withholding $ 0 --------- ---------- ---------- ---------- ---------- Unemployment (UT) $ 0 --------- ---------- ---------- ---------- ---------- Disability Insurance (DI) $ 0 --------- ---------- ---------- ---------- ---------- Empl. Training Tax (ETT) $ 0 --------- ---------- ---------- ---------- ---------- Sales $ 0 --------- ---------- ---------- ---------- ---------- Excise $ 0 --------- ---------- ---------- ---------- ---------- Real property $ 0 --------- ---------- ---------- ---------- ---------- Personal property $ 0 --------- ---------- ---------- ---------- ---------- Income $ 0 --------- ---------- ---------- ---------- ---------- Other (Attach List) $ 0 --------- ---------- ---------- ---------- ---------- Total State & Local Taxes $ 0 $ 0 $ 0 $ 0 $ 0 --------- ---------- ---------- ---------- ---------- Total Taxes $ 0 $ 0 $ 0 $ 0 $ 0 ========= ========== ========== ========== ==========
Schedule F Pre-Petition Liabilities
Claimed Allowed List Total Claims For Each Classification Amount Amount ----------------------------------------- ------ ------ Secured claims $ 0 $ 0 ------------ ----------- Priority claims other than taxes $ 159,165 $ 159,165 ------------ ----------- Priority tax claims $ 0 $ 0 ------------ ----------- General unsecured claims $ 28,213,777 $28,213,777 ------------ ----------- See Attached Schedule F Footnotes
Schedule G Rental Income Information Not applicable to General Business Cases Schedule H Recapitulation of Funds Held at End of Month
Account 1 Account 2 Account 3 Account 4 Account 5 --------- --------- --------- --------- --------- Bank Bank of America Bank of America Merrill Lynch Union Bank Reliance Trust ---------------- ----------------- -------------- ----------- --------------- Account Type Debtor In Poss Interest Bearing Money Market CD (Note 2) Deferred Comp. ---------------- ----------------- -------------- ----------- ---------------- Account No. 12339-36178 12330-06345 318-3251209-0 6459018252 150209526 ---------------- ----------------- -------------- ----------- ---------------- Account Purpose Operations For Solectron Savings Savings SEDCP ---------------- ----------------- -------------- ----------- ---------------- Balance, End of Month $ 16,039,890 $ 692,705 $ 10,116,387 $ 1,395,153 $ 3,929,754 ---------------- ----------------- -------------- ----------- ---------------- Total Funds on Hand for all Accounts $ 32,180,225 ================ Account 6 --------- Union Bank ------------------ Business Checking ------------------ 6450148642 ------------------ Tied to the CD ------------------ $ 6,337 ------------------
Note 1: Attached are copies of bank statement(s) & reconciliation(s). ------ Note 2: The CD from Union Bank will be drawn down by $1 million with respect to ------ a Letter of Credit issued to a former landlord, and fees totaling $35.8K will be deducted by Union Bank from this account in January, 2002. Schedule E - Footnotes ---------------------- a) All post-petition taxes have been paid and we are now current. Schedule F - Footnotes ---------------------- a) Pre-petition claims are presented as best represented in AB Liquidating Corp.'s books and records. The 'claimed' and 'allowed' amounts of such claims have, in most cases, not yet been determined. Some claims included in 'general unsecured claims' are stated at their potential gross amounts owed, although the 'allowed' amount of these claims could face limitations - as stipulated by the U.S. Bankruptcy Code. b) AB Liquidating Corp. is in the process of completing its analysis of claims in this case and reserves the right to object to all claims scheduled or otherwise listed. c) A number of claims were scheduled with the Bankruptcy Court as contingent, unliquidated, or disputed. For many of these items, a value was undeterminable at the time scheduled with the Court and is currently undeterminable. As a result, these items are not included in the claim totals listed in Schedule F above. d) AB Liquidating Corp. has provided a value for contingent, unliquidated or disputed claims when information was available for a reasonable estimation. Included in estimated contingent claims as part of the 'general unsecured claims' above are the following: $2.5MM for a potential warranty claim with Comtech Telecommunications, $2MM for a contingent settlement agreement with Northrop Grumman, and $14.8MM relating to Solectron Corporation. e) 'Priority claims other than taxes' represents AB Liquidating Corp.'s best estimate as to those employee claims eligible for priority status. The Company is currently reviewing these amounts and will continue to make any necessary adjustments to the allocation between priority and non-priority status, if warranted. f) General unsecured claims includes approximately $132K in pre-petition taxes. AB Liquidating Corp. is attempting to identify which, if any, amounts owing to taxing authorities are eligible for priority status. g) AB Liquidating Corp. has rejected three real property leases during the post-petition period. The Company is currently in the process of estimating the potential damage claim, if any, afforded to the landlords of these properties as may be allowed under the U.S. Bankruptcy Code. No such estimate is included in the 'general unsecured claims' listed above. STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS Increase/(Decrease) in Cash and Cash Equivalents For the Month Ended 12/31/01 ---------
Actual Cumulative Current Month (Case to Date) ------------- ------------- Cash Receipts 1 Rent/Leases Collected ------------ ------------ 2 Cash Received from Sales $ 0 $ 6,783,15 ------------ ------------ 3 Interest Received $ 28,000 $ 322,816 ------------ ------------ 4 Borrowings ------------ ------------ 5 Funds from Shareholders, Partners, or Other Insiders ------------ ------------ 6 Capital Contributions ------------ ------------ 7 Vendor Refunds & Misc. Receipts $ 16,435 $ 124,361 -------------------------------------------------- ------------ ------------ 8 Sale of Furniture @ old leased Building $ 0 $ 50,000 -------------------------------------------------- ------------ ------------ 9 -------------------------------------------------- ------------ ------------ 10 -------------------------------------------------- ------------ ------------ 11 -------------------------------------------------- ------------ ------------ 12 Total Cash Receipts $ 44,435 $ 7,280,992 ------------ ------------ Cash Disbursements 13 Special Payroll Charges $ 2,078 ------------ ------------ 14 Bonuses (Retention) $ 134,091 ------------ ------------ 15 G&A/Misc. $ 5,366 $ 69,272 ------------ ------------ 16 Rent $ 260,958 ------------ ------------ 17 Insurance Expenses $ 8 $ 74,043 ------------ ------------ 18 Bank Charges $ 7,838 ------------ ------------ Rent/Lease: ------------ 19 Storage Fees ------------ ------------ 20 Real Property ------------ ------------ Amount Paid for Compensation ------------ 21 Salaries (Net) $ 13,569 $ 322,304 ------------ ------------ 22 Contract Labor $ 17,184 $ 71,126 ------------ ------------ 23 Payroll Processing Fees $ 950 $ 3,066 ------------ ------------ 24 Expense Reimbursements (Travel, Air & Misc.) $ 16,018 ------------ ------------ 25 Other (Fringe) $ 105,535 ------------ ------------ 26 Net Bonuses (EFT to the UK) $ 0 $ 64,183 ------------ ------------ 27 Postage/Office Expenses $ 10,780 ------------ ------------ Taxes: ------------ 28 Employee Withholding ------------ ------------ 29 Employer Payroll Taxes $ 258,629 ------------ ------------ 30 Real Property Taxes ------------ ------------ 31 Sales Taxes $ 117 ------------ ------------ 32 Other Cash Outflows: ------------ ------------ 33 Travel & Meetings $ 0 $ 0 ------------------------------------------------- ------------ ------------ 34 Technology & Phone $ 125 $ 15,551 ------------------------------------------------- ------------ ------------ 35 Engineering & Operations $ 0 $ 1,325 ------------------------------------------------- ------------ ------------ 36 Professional Consulting Services $ 0 $ 100,253 ------------------------------------------------- ------------ ------------ 37 Moving Expenses $ 0 $ 42,126 ------------------------------------------------- ------------ ------------ 38 Disbursements of China Subsidiary $ 0 $ 40,748 ------------------------------------------------- ------------ ------------ 39 Total Cash Disbursements: $ 37,201 $ 1,262,398 ------------ ------------ 40 Net Increase (Decrease) in Cash $ 7,234 $ 6,018,594 ------------ ------------ 41 Cash Balance, Beginning of Period $ 32,255,700 $ 26,867,358 ------------ ------------ 42 Reconciling Adjustment - Interest overstated for October and November 2001 $ (82,708) $ (705,726) ------------ ------------ 43 Cash Balance, End of Period $ 32,180,225 $ 32,180,225 ============ ============
AB Liquidating Corp. Tax Statement December 1 to December 31, 2001
Amount Remitted To Date Remitted To Amount Taxing Authority (1) Taxing Authority ------------ --------------------- ---------------- Gross Payroll & Payroll Taxes ----------------------------- Gross Payroll $130,673 $ 0 Federal Taxes Withheld $ 38,262 $37,086 12/20/01 State Taxes Withheld $ 7,384 $ 7,384 12/20/01 Employer Taxes $ 4,942 $ 4,942 12/20/01
(1) ADP, our Payroll vendor remits taxes to the taxing authorities on our behalf, immediately after payroll is run. Confidential Page 1 December 2001 Tax Schedule G/L ACCOUNT: 11457 ACCOUNT ANALYSIS ACCOUNT NAME: 1233006345 B of A Solectron PREPARED BY: C Jones AS OF: Dec-01 December-01
---------------------------------------------------------------------------------------------------------------------------------- BEG. BAL CASH IN CASH OUT END. BAL BAL per GL 692,538.96 692,538.96 Dividend earnings DEC-01 166.02 166.02 - - - - - - Unreconciled item - ---------------------------------------------------------------------------------- ENDING GL ADJ - 692,704.98 - 692,704.98 ================================================================================== ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- - PER BANK - 692,538.96 692,538.96 166.02 166.02 - - - - - - ---------------------------------------------------------------------------------- ENDING BANK BALANCE - 692,704.98 - 692,704.98 ================================================================================== ----------------------------------------------------------------------------------------------------------------------------------
Bank of America [LOGO] BANK OF AMERICA, N.A. Account Number 1233006345 P.O. BOX 27128 01 01 142 01 M0000 E# 0 CONCORD, CA 94520 Last Statement: NEW ACC0UNT This Statement: 12/31/2001 Customer Service l-800-262-2726 ADAPTIVE BROADBAND DIP 2055 GATEWAY PLACE SUITE 400 Page l of 1 SAN JOSE CA 95110 ANALYZED INTEREST CHECKING -------------------------------------------------------------------------------- Account Summary Information Statement Period 00/00/0000 - 12/31/2001 Statement Beginning Balance .00 Number of Deposits/Credits 2 Amount of Deposits/Credits 692,704.98 Number of Checks 0 Amount of Checks .00 Number of Other Debits 0 Amount of Other Debits .00 0 Statement Ending Balance 692,704.98 Number of Enclosures 0 Average Collected Balance 524,650.72 Number of Days in Cycle 33 Service Charge .00 Interest Information Amount of Interest Paid 166.02 Interest Paid Year-to-Date 166.02 Annual Percentage Yield Earned .35% Deposits and Credits -------------------------------------------------------------------------------- Date Customer Bank Posted Reference Amount Description Reference -------------------------------------------------------------------------------- xx 692,538.96 WIRE TYPE: BOOK IN DATE: 120701 TIME: 1420 PT 385200370065556 == TRN: 011207065556 0RIG: ADAPTIVE BROADBAND CORP-D ID: 1233936178 xx 166.02 Interest Paid == Daily Balances -------------------------------------------------------------------------------- Date Ledger Collected Balance Date Ledger Collected Balance Balance Balance -------------------------------------------------------------------------------- /00 .00 .00 12/31 692,704.98 692,704.98 /07 692,538.96 692,538.96 G/L ACCOUNT: 11930 ACCOUNT ANALYSIS ACCOUNT NAME: UBOC LC Restricted Cash PREPARED BY: Cassandra Jones AS OF: December-01
---------------------------------------------------------------------------------------------------------------------------- BEG. BAL CASH IN CASH OUT END. BAL BAL per GL 1,393,054.11 - 1,393,054.11 Dividend Nov-01 posted 12/10/01 2,099.26 2,099.26 - - - - - - Unreconciled item - --------------------------------------------------------------------------------------- ENDING GL ADJ 1,393,054.11 2,099.26 - 1,395,153.37 ======================================================================================= ---------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------- PER BANK 1,393,054.11 1,393,054.11 2,099.26 2,099.26 - - - - - - - --------------------------------------------------------------------------------------- ENDING BANK BALANCE 1,393,054.11 2,099.26 - 1,395.153.37 ======================================================================================= ----------------------------------------------------------------------------------------------------------------------------
Union Bank of California ------------------------------------------------------------------------------------------------- TIME DEPOSIT/RETIREMENT ACCOUNT RECEIPT ------------------------------------------------------------------------------------------------- OFFICE OF ACCOUNT SANTA CLARA VALLEY COMM'L BANKING THIS RECEIPT IS NON-NEGOTIABLE --------------------------------------------------------------------------------------------------------------- NAME TYPE OF ACCOUNT ADAPTIVE BROADBAND CORPORATION NON-RENEWABLE FIXED MATURITY --------------------------------------------------------------------------------------------------------------- ACCOUNT NUMBER DEPOSIT DATE MATURITY DATE TERM INTEREST RATE/ANNUAL PERCENTAGE YIELD AMOUNT 6459018542 11/09/2001 12/10/2001 D031 01.75 01.77 $1393054.11 --------------------------------------------------------------------------------------------------------------- INTEREST DISPOSITION TRANSFER TO ACCOUNT NUMBER INTEREST PAYMENT CYCLE TRANSFER 6450148642 AT MATURITY ---------------------------------------------------------------------------------------------------------------
ADAPTIVE BROADBAND CORPORATION /s/ XXXXXXXXXX ----------------------- BANK REPRESENTATIVE 1143 BORREGAS AVE 800-898-6466 ----------------------- SUNNYVALE CA 94089 0000 PHONE NUMBER Please examine this receipt carefully and notify us immediately of any errors. [LOGO OF UNION BANK OF CALIFORNIA] SANTA CLARA VALLEY CORPORATE DEPOSIT 645 POST OFFICE BOX 24512 OAKLAND, CA 94623 IMPORTANT ACCOUNT NOTICE ADAPTIVE BROADBAND CORPORATION 1143 BORREGAS AVE DECEMBER 7, 2001 SUNNYVALE CA 94089 ACCOUNT NUMBER: 6459018542 -------------------------------------------------------------------------------- UNION BANK OF CALIFORNIA TIME DEPOSIT INTEREST PAYMENT NOTICE -------------------------------------------------------------------------------- ----------------- ---------------------------- --------------- ----------------- INTEREST PAYMENT INTEREST PAYMENT DEPOSITED PAYMENT DATE CURRENT BALANCE $2,099.26 TO ACCOUNT 6450148642 DEC. 10, 2001 $1,393,054.11 ----------------- ---------------------------- --------------- ----------------- INTEREST EARNED ON YOUR FIXED MATURITY TIME DEPOSIT ACCOUNT WILL BE DEPOSITED TO YOUR ACCOUNT 6450148642 ON DECEMBER 10, 2001. UNION BANK OF CALIFORNIA MAKES AVAILABLE A WIDE VARIETY OF INVESTMENT OPTIONS TO CHOOSE FROM: SAVINGS, TIME DEPOSITS AND SECURITIES, SUCH AS STOCKS, BONDS AND MUTUAL FUNDS. (SECURITIES ARE NOT BANK DEPOSITS AND ARE NOT COVERED BY FDIC INSURANCE.) IF YOU NEED ANY ADDITIONAL INFORMATION, PLEASE CALL YOUR ACCOUNT REPRESENTATIVE OR BANKING OFFICE AT 800-898-6466. THANK YOU FOR BANKING WITH UNION BANK OF CALIFORNIA. 3384 Peachtree Rd. N.E. [LOGO]Reliance Suite 900 TRUST COMPANY Atlanta, GA 30326 Account Statement ------------------------------------------- Statement Period 10/01/2001 through 12/31/2001 Account Number 150209526 ADAPTIVE BROADBAND CORPORATION [LOGO] Answers about your account ATTN: HARRIET L. PURVIANCE ---------------------------------- 1143 BORREGAS AVENUE . Account EDWARD JARVIS SUNNYVALE CA 94089 Administrator 404-965-7293 ---------------------------------- Account Title RELIANCE TRUST CO, TRUSTEE FBO ADAPTIVE BROADBAND CORPORATION SUPPLEMENTAL EXECUTIVE DEFERRAL COMPENSATION PLAN [LOGO] Important Information ---------------------------------- THE SCHEDULE OF INVESTMENTS SHOWS ASSETS HELD ON SETTLEMENT DATE. SECURITY PRICES ARE OBTAINED FROM THE MOST RELIABLE SOURCES AVAILABLE. SHOULD WE BE UNABLE TO OBTAIN A CURRENT MARKET PRICE FOR AN ASSET, THE BOOK OR CARRYING VALUE WILL BE USED AS THE MARKET VALUE. Account Summary -------------------------------------------------------------------------------- Account Activity Summary This Period Year to Date -------------- -------------- Beginning Market Value $3,903,630.46 $4,516,013.65 ASSETS PURCHASED/RECEIVED $ 63,903.58- $7,016,030.54- ASSETS SOLD/DISTRIBUTED $ 31,951.79 $2,925,152.96 MATURITIES/REDEMPTIONS $ 0.00 $ 0.00 CORPORATE ACTIONS $ 0.00 $ 0.00 NOTE PAYMENTS $ 0.00 $ 0.00 INCOME $ 26,123.06 $ 43.396.01 OTHER RECEIPTS $ 0.00 $4,050,690.27 DISBURSEMENTS $ 0.00 $ 0.00 FEES $ 0.00 $ 0.00 MISCELLANEOUS $ 0.00 $ 3,208.70- CHANGE IN MARKET VALUE $ 31,951.79 $ 586,260.13- --------------- -------------- Ending Market Value $3,929,753.52 $3,929,753.52 Income Summary This Period Year to Date --------------- -------------- DIVIDEND $ 26,123.06 $ 43,396.01 INTEREST $ 0.00 $ 0.00 --------------- -------------- TOTAL $ 26,123.06 $ 43,396.01 Your Investment Portfolio Profile ------------------------------------------------------------------------------- 100% CASH AND CASH EQUIVALENTS $3,929,753.52 ------------------------------------------------------------- 100% Total $3,929,753.52 Important Account Information: As a service to you, and in compliance with Georgia law, we invest any available cash in your account, awaiting investment or distribution, in a short-term money market mutual fund. We have elected to invest these monies in Valiant Fund General Money Market Portfolio Class E. For providing certain administrative or shareholder services to the Valiant Fund, Reliance will receive an administrative fee from the Valiant Fund of eighty one-hundredths of one percent (.80 of 1% = .008) per annum of the net assets invested. There will be no direct charge to you as a result of this arrangement. In order for Reliance to produce accurate annual reporting, all assets held within your IRA need to be valued annually. If this value cannot be obtained through Reliance's standard pricing resources, it will be the responsibility of the account owner to supply such values. The asset value will remain at the cost or book value of the investment until an updated price can be obtained. If an asset does not have a readily ascertainable market value and you do not provide us with valuation information, values reported by us to the Internal Revenue Service may be inaccurate and result in adverse tax consequences to the account owner. The market value of the assets listed on this statement cannot be relied upon as the current selling price of the asset. G/L ACCOUNT: 11925 ACCOUNT ANALYSIS ACCOUNT NAME: Investments - Merrill Lynch PREPARED BY: C Jones AS OF: December-01
---------------------------------------------------------------------------------------------------------------------- BEG. BAL CASH IN CASH OUT END. BAL BAL per GL 10,076,849.32 - 10,076,849.32 Dividend earnings DEC-01 39,537.31 39,537.31 ROUND ADJ (0.07) (0.07) - - - - - Unreconciled item - ------------------------------------------------------------------------------ ENDING GL ADJ 10,076,849.32 39,537.24 - 10,116,386.56 ============================================================================== ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- PER BANK 10,076,849.25 39,537.31 10,116,386.56 - - - - - - - ------------------------------------------------------------------------------ ENDING BANK BALANCE 10,076,849.25 39,537.31 - 10,116,386.56 ============================================================================== ---------------------------------------------------------------------------------------------------------------------- 0.07 (0.07) - -
[LOGO] Merrill Lynch Investment Managers Merrill Lynch Funds For Institutions P.O. Box 8118, Boston, MA 02266-8118 (800) 225-1576 ADAPTIVE BROADBAND ATTN ELIAS NADER 2055 GATEWAY PL STE 400 SAN JOSE CA 95110-1060 Merrill Lynch Premier Institutional Fund ------------------------------------------------ Cumulative Statement for 01/01/2001 - 12/31/2001 Account Number 318-3251209-0 Financial Advisor Edward S Kunkel (--29107023) Account Value As Of 12/3l/2001 $10,116,386.56 Dividends 01/01/2001 - 12/31/2001 Year To Date $687,306.53 $687,306.53 . MERRILL LYNCH FUNDS FOR INSTITUTIONS WILL BE CLOSED ON MONDAY, JANUARY 21 IN OBSERVANCE OF MARTIN LUTHER KING, JR. DAY. . THE AVERAGE NET ANNUALIZED YIELD FOR THE MONTH OF DECEMBER WAS 2.20%. THE TRADING DEADLINE ON JANUARY 18TH IS 3:00 P.M. ET. -------------------------------------------------------------------------------- Account Activity
Confirm Trade Transaction Dollar Amount Share Balance After Date Date Description of Transaction Price Transaction ---------------------------------------------------------------------------------------------------------- Beginning Balance $21,941,153.53 01/05/2001 01/05/2001 Same Day Wire Redemption $ 1,000,000.00 $1.00 $20,941,153.53 0l/08/2001 01/08/2001 Same Day Wire Redemption $ 500,000.00 $1.00 $20,441,153.53 0l/09/2001 01/09/2001 Same Day Wire Redemption $ 5,000,000.00 $1.00 $15,441,153.53 01/10/2001 01/10/2001 Same Day Wire Redemption $ 500,000.00 $1.00 $14,941,153.53 01/ll/2001 01/11/2001 Same Day Wire Redemption $ 3,500,000.00 $1.00 $11,441,153.53 01/12/2001 01/12/2001 Shares Redeemed By Wire $ 149,079.00 $1.00 $11,292,074.53 01/16/2001 01/16/2001 Shares Purchased By Wire $ 298,157.00 $1.00 $11,590,231.53 01/16/2001 01/16/2001 Same Day Wire Redemption $ 2,000,000.00 $1.00 $ 9,590,231.53 01/22/2001 01/22/2001 Same Day Wire Redemption $ 1,000,000.00 $1.00 $ 8,590,231.53 01/25/2001 01/25/2001 Shares Purchased By Wire $10,250,000.00 $1.00 $18,840,231.53 01/25/2001 01/24/2001 Same Day Wire Redemption $ 2,500,000.00 $1.00 $16,340,231.53 01/30/2001 01/30/2001 Same Day Wire Redemption $ 500,000.00 $1.00 $15,840,231.53 01/31/2001 01/31/2001 Same Day Wire Redemption $ 2,500,000.00 $1.00 $13,340,231.53 01/31/2001 01/31/2001 Div Reinvest $ 76,458.77 $1.00 $13,416,690.30 02/02/2O01 02/02/2001 Same Day Wire Redemption $ 500,000.00 $1.00 $12,916,690.30 02/05/2001 02/05/2001 Same Day Wire Redemption $ 500,000.00 $1.00 $12,416,690.30 O2/06/2001 02/06/2001 Same Day Wire Redemption $ 1,000,000.00 $1.00 $ll,416,690.30 02/07/2001 02/07/2001 Same Day Wire Redemption $ 1,000,000.00 $1.00 $10,416,690.30
-------------------------------------------------------------------------------- Account Number 318-3251209-0 (page 1 of 3) -------------------------------------------------------------------------------- [LOGO] Merrill Lynch Investment Managers Merrill Lynch Funds For Institutions Merrill Lynch Premier Institutional Fund -------------------------------------------------- Cumulative Statement for 01/01/2001 - 12/31/2001 Account Number 318-3251209-0 -------------------------------------------------------------------------------- Account Activity
Confirm Trade Transaction Dollar Amount Share Balance After Date Date Description of Transaction Price Transaction -------------------------------------------------------------------------------------------------------------- 02/09/2001 02/09/2001 Shares Purchased By Wire $10,000,000.00 $1.00 $20,416,690.30 02/14/2001 02/14/2001 Same Day Wire Redemption $ 500,000.00 $1.00 $19,916,690.30 02/15/2001 02/15/2001 Same Day Wire Redemption $ 1,000,000.00 $1.00 $18,916,690.30 02/21/2001 02/21/2001 Same Day Wire Redemption $ 1,500,000.00 $1.00 $17,416,690.30 02/27/2001 02/27/2001 Shares Purchased By Wire $10,000,000.00 $1.00 $27,416,690.30 02/27/2001 02/27/2001 Same Day Wire Redemption $ 500,000.00 $1.00 $26,916,690.30 02/28/2001 02/28/2001 Same Day Wire Redemption $ 500,000.00 $1.00 $26,416,690.30 02/28/2001 02/28/2001 Div Reinvest $ 76,626.87 $1.00 $26,493,317.17 03/02/2001 03/02/2001 Same Day Wire Redemption $ 5,000,000.00 $1.00 $21,493,317.17 03/09/2001 03/09/2001 Shares Purchased By Wire $10,000,000.00 $1.00 $31,493,317.17 03/15/2001 03/15/2001 Same Day Wire Redemption $ 1,000,000.00 $1.00 $30,493,317.17 03/22/2001 03/22/2001 Same Day Wire Redemption $ 1,500,000.00 $1.00 $28,993,317.17 03/27/2001 03/27/2001 Same Day Wire Redemption $ 500,000.00 $1.00 $28,493,317.17 03/28/2001 03/28/2001 Same Day Wire Redemption $ 500,000.00 $1.00 $27,993,317.17 03/31/2001 03/31/2001 Div Reinvest $ 128,033.23 $1.00 $28,121,350.40 04/06/2001 04/06/2001 Same Day Wire Redemption $ 500,000.00 $1.00 $27,621,350.40 04/09/2001 04/09/2001 Same Day Wire Redemption $ 3,500,000.00 $1.00 $24,121,350.40 04/10/2001 04/10/2001 Shares Purchased By Wire $ 5,000,000.00 $1.00 $29,121,350.40 04/11/2001 04/11/2001 Same Day Wire Redemption $ 1,000,000.00 $1.00 $28,121,350.40 04/18/2001 04/18/2001 Same Day Wire Redemption $ 500,000.00 $1.00 $27,621,350.40 04/25/2001 04/25/2001 Same Day Wire Redemption $ 500,000.00 $1.00 $27,121,350.40 04/30/2001 04/30/2001 Div Reinvest $ 113,818.19 $1.00 $27,235,168.59 05/04/2001 05/04/2001 Same Day Wire Redemption $ 1,000,000.00 $1.00 $26,235,168.59 05/09/2001 05/09/2001 Same Day Wire Redemption $ 500,000.00 $1.00 $25,735,168.59 05/16/2001 05/16/2001 Same Day Wire Redemption $ 500,000.00 $1.00 $25,235,168.59 05/21/2001 05/21/2001 Same Day Wire Redemption $ 1,500,000.00 $1.00 $23,735,168.59 05/23/2001 05/23/2001 Same Day Wire Redemption $ 1,000,000.00 $1.00 $22,735,168.59 05/31/2001 05/31/2001 Div Reinvest $ 95,405.05 $1.00 $22,830,573.64 06/04/2001 06/04/2001 Same Day Wire Redemption $ 1,500,000.00 $1.00 $21,330,573.64 06/05/2001 06/05/2001 Shares Redeemed By Wire $16,000,020.00 $1.00 $ 5,330,553.64 06/06/2001 06/06/2001 Same Day Wire Redemption $ 500,000.00 $1.00 $ 4,830,553.64 06/19/2001 06/19/2001 Same Day Wire Redemption $ 500,000.00 $1.00 $ 4,330,553.64 06/20/2001 06/20/2001 Same Day Wire Redemption $ 500,000.00 $1.00 $ 3,830,553.64 06/30/2001 06/30/2001 Div Reinvest $ 23,647.50 $1.00 $ 3,854,201.14 07/11/2001 07/11/2001 Shares Purchased By Wire $ 7,500,000.00 $1.00 $11,354,201.14
-------------------------------------------------------------------------------- Account Number 318-3251209-0 (page 2 of 3) -------------------------------------------------------------------------------- [LOGO] Merrill Lynch Investment Merrill Lynch Funds For Institutions Managers Merrill Lynch Premier Institutional Fund ---------------------------------------- Cumulative Statement for 01/01/2001 - 12/31/2001 Account Number 318-3251209-0 -------------------------------------------------------------------------------- Account Activity
Confirm Trade Transaction Dollar Amount Share Balance After Date Date Description of Transaction Price Transaction ---------------------------------------------------------------------------------------------------- 07/16/2001 07/16/2001 Same Day Wire Redemption $ 500,000.00 $1.00 $10,854,201.14 07/19/2001 07/19/2001 Same Day Wire Redemption $ 1,000,000.00 $1.00 $ 9,854,201.14 07/26/2001 07/26/2001 Same Day Wire Redemption $ 1,000,000.00 $1.00 $ 8,854,201.14 07/31/2001 07/31/2001 Div Reinvest $ 27,140.94 $1.00 $ 8,881,342.08 08/30/2001 08/30/2001 Shares Purchased By Wire $10,121,694.78 $1.00 $19,003,036.86 08/31/2001 08/31/2001 Div Reinvest $ 29,794.35 $1.00 $19,032,831.21 09/13/2001 09/13/2001 Shares Purchased By Wire $ 835,173.72 $1.00 $19,868,004.93 09/27/2001 09/27/2001 Same Day Wire Redemption $ 9,868,000.00 $1.00 $10,000,004.93 09/30/2001 09/30/2001 Div Reinvest $ 52,218.37 $1.00 $10,052,223.30 10/31/2001 10/31/2001 Div Reinvest $ 24,625.95 $1.00 $10,076,849.25 11/30/2001 11/30/2001 Div Reinvest $ 20,635.35 $1.00 $10,097,484.60 12/31/2001 12/31/2001 Div Reinvest $ 18,901.96 $1.00 $10,116,386.56 Ending Balance $10,116,386.56 ---------------------------------------------------------------------------------------------------- Account Number 318-3251209-0 (page 3 of 3) --------------------------------------------------------------------------------------------------------
G/L ACCOUNT: 11456 ACCOUNT ANALYSIS ACCOUNT NAME: Corp Debtor in Possession PREPARED BY: CASSANDRA JONES AS OF: December-01
------------------------------------------------------------------------------------------------------------------------------------ BEG. BAL CASH IN CASH OUT END. BAL BAL per GL 14,847,959.19 16,859.57 16,884,818.67 - #1259 JERROLLD KOLLMAN/BONUS NOT TRANSMITTED TO ADP -12,764.57 12,764.57 - - ADP PROCESSING FEES (46.35) (46.35) ADP PROCESSING FEES (375.47) (375.47) ADP PROCESSING FEES (358.60) (358.60) Payroll Dist (135,005.94) (135,005.94) A/P (25,312.18) (25,312.18) B OF A ACCOUNT ANALYSIS FEE (1,739.16) (1,739.16) EARTHLINK EFT (72.55) (72.55) ADP PROCESSING FEES (177.47) (177.47) SOLECTRON TRANSFER TO OPEN NEW ACCT (692,538.96) (692,538.96) DIVIDEND CREDIT 12,687.31 12,687.31 Payroll Dist 12-21-01 YR END GROSS UP TAX ADJ FICA (1,989.49) (1,989.49) - Unreconciled item - ------------------------------------------------------------------- ENDING GL ADJ 16,855,194.53 42,311.45 (857,616.17) 16,039,889.81 =================================================================== ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ PER BANK 818,593.42 (818,593.42) - - - AP-Outstanding Checks (9,095.67) 9,095.67 (11,590.55) (11,590.55) PAYROLL-Outstanding Checks (2,117.59) 2,117.59 - 10/31-CA Banking Center Deposit - for NOV.01 period - - - - C. Jones Retention #1260 11-30-01 3,055.50 (3,055.50) - D. Scharre Retention #1264 11-30-01 40,495.57 (40,495.57) - Managed Health Network #1271 11-30-01 39.76 (39.76) - - - ------------------------------------------------------------------- ENDING BANK BALANCE 32,377.57 827,689.09 (871,657.21) (11,590.55) =================================================================== ------------------------------------------------------------------------------------------------------------------------------------ NATION FUNDS INVESTMENT Funds Sweep (16,822,816.96) 789,046.54 (17,709.94) (16,051,480.36) - - ------------------------------------------------------------------- Adjusted Bank Balance (16,790,439.39) # 1,616,735.63 # (889,367.15) (16,039,889.81) ===================================================================
OCTOBER 2001 - AP Outstanding Checks
CLEARED Payment PRIOR CHECK# Date Supplier Name Description Amount CLEARED VOID OUTSTANDING ------ --------- ------------- ----------- --------- ------- ---- ----------- 13048 8/1/01 AMERICAN BUSINESS COMMUNICA Postage for 401k mailing 340.00 340.00 - 1045 27-Aug-01 EQUITY OFFICE SAN JOSE 3,795.00 3,795.00 - 1082 24-Sep-01 ALHAMBRA PASADENA 30.10 30.10 - 1088 24-Sep-01 NORTHEAST SOFTWARE NORTHCHELM 160.00 160.00 - 1090 24-Sep-01 SHRED-IT SAN JOSE MILPITAS 85.00 85.00 - 1091 24-Sep-01 SKYTEL ATLANTA 10.37 10.37 - 1094 24-Sep-01 NEW YORK STATE DEPT NEW YORK 50.00 50.00 - 1098 26-Sep-01 JIT TRANSPORTATION SAN JOSE 200.00 200.00 - 1099 28-Sep-01 SIRAROTOGA BLANCART SUNNYVALE 2,325.00 2,325.00 - 1100 28-Sep-01 ADP LOUISVILLE 47.00 47.00 - 1101 28-Sep-01 AON CONSULTING SF-FREMONT 1,765.63 1,765.63 - 1102 28-Sep-01 DELTA DENTAL SAN FRANCI 2,945.48 2,945.48 - 1103 28-Sep-01 DHL WORLDWIDE EXPRE PHOENIX 185.94 185.94 - 1104 28-Sep-01 FEDERAL EXPRESS MEMPHIS 44.04 44.04 - 1105 28-Sep-01 HOGLAND TRANSFER CO EVERETT 12,483.00 12,483.00 - 1106 28-Sep-01 KEMPER INSURANCE CO PASADENA 2,320.00 2,320.00 - 1107 28-Sep-01 MOHLER, NIXON & WIL CAMPBELL 583.00 583.00 - 1108 28-Sep-01 PACIFIC BELL SACRAMENTO 3,262.61 3,262.61 - 1109 28-Sep-01 ROCHESTER GAS AND E ROCHESTER 830.58 830.58 - 1110 28-Sep-01 STAR TEMPS INC. San Franci 4,562.00 4,562.00 - 1111 28-Sep-01 STERLING LOGISTICS BEDFORD PA 75.00 75.00 - 1112 28-Sep-01 TERMINIX SAN JOSE 70.00 70.00 - 1113 28-Sep-01 DEUTSCHE BANK NEW YORK 420.00 420.00 - 1114 28-Sep-01 HQ GLOBAL WORKPLACE SAN JOSE 10,655.96 10,655.96 - 1115 28-Sep-01 PRUDENTIAL SECURTI NEW YORK 1,127.87 1,127.87 - 1116 28-Sep-01 SALOMON SMITH BARNE NEW YORK 3,483.30 3,483.30 - 1117 28-Sep-01 UNITED PARCEL SERVI LOS ANGELE 430.94 430.94 - ------- - ======= #REF! 4-Oct-01 ACCOUNTANTS, INC SAN FRANCISCO 5,940.00 5,940.00 - #REF! 5-Oct-01 AON CONSULTING SF-FREMONT 108.15 108.15 - #REF! 5-Oct-01 AT & T BUSINESS SERVICES PHOENIX 1,593.55 1,593.55 - #REF! 5-Oct-01 AT&T WIRELESS, INC REDMOND 224.19 224.19 - #REF! 5-Oct-01 MANAGED HEALTH NETWORK SAN FRANCISO 68.16 68.16 - #REF! 5-Oct-01 THE HARTFORD INSURANCE ATLANTA 16.25 16.25 - #REF! 5-Oct-01 AT&T WIRELESS SERVICES SAN FRANCISO 16.88 16.88 - #REF! 5-Oct-01 EQUITY OFFICE SAN JOSE 725.00 725.00 - 5-Oct-01 SHAREHOLDER.COM MAYNARD 26.15 26.15 - 1134 10-Oct-01 AON CONSULTING SF-FREMONT 4,672.51 4,672.51 - 1137 12-Oct-01 VISION SERVICE PLAN SAN FRANCISCO 23.93 23.93 - 1138 12-Oct-01 BEST SOFTWARE INC BALTIMORE 1,783.33 1,783.33 - 1139 12-Oct-01 DIVERSIFIED COMPUTER NEW ORLEAN 6,460.00 6,460.00 - 1140 12-Oct-01 SHAREHOLDER.COM MAYNARD 1,680.00 1,680.00 - 1141 19-Oct-01 SHUPE, MARK CHANDLER 1,511.92 1,511.92 - 1142 12-Oct-01 SIRAROTOGA BLANCARTE SUNNYVALE 2,190.00 2,190.00 - 1143 19-Oct-01 AON CONSULTING SF-FREMONT 96.15 96.15 - 1144 19-Oct-01 ARCUS DATA SECURITY DALLAS 284.00 284.00 - 1145 19-Oct-01 DELTA DENTAL SAN FRANCISO 365.75 365.73 0.02 1146 19-Oct-01 IRON MOUNTAIN LOS ANGELES 108.00 108.00 - 1147 19-Oct-01 PACIFIC BELL VAN NUYS 137.28 137.28 - 1148 19-Oct-01 UNUM LIFE INS OF A CHICAGO 1,271.43 1,271.43 - 1149 19-Oct-01 PIGGOTT, CHRISTOPHE PITTSFORD 1,000.00 1,000.00 - 1150 19-Oct-01 IN-HOUSE ATTORNEY S LOS ANGELES 25,702.03 25,702.03 - 1151 19-Oct-01 U.S. TRUSTEE PAYMENT ATLANTA 3,750.00 3,750.00 - 1152 19-Oct-01 UNITED PARCEL SERVICE LOS ANGELES 14.15 14.15 - ---------------------- ------------------- 59,858.81 59,858.79 - 0.02 QUICKBOOKS-OCT 2001 1005 10/22/01 ACCOUNTANTS, INC. 5,940.00 5,940.00 - 1006 10/26/01 S. CANNON - advance 400.00 400.00 - 1012 10/24/01 SUPPORT CLEARING 140.82 140.82 - 1013 10/26/01 SCHARRE, DANIEL 234.75 234.75 - 1014 10/26/01 SIRAROTOGA BLANCARTE 1,980.00 1,980.00 - 1015 10/26/01 HOGLAND TRANSFER CO 12,483.00 12,483.00 - 1016 10/26/01 IRON MOUNTAIN 4,295.21 4,295.21 - 1017 10/26/01 PACIFIC BELL 1,930.71 1,930.71 - 1018 10/26/01 HQ GLOBAL 7,977.29 7,977.29 - 1019 10/26/01 VERIZON 352.46 352.46 - 1021 10/26/01 AON CONSULTING 4,531.41 4,531.41 to print 10/26/01 SIRAROTOGA BLANCARTE 1,980.00 1,980.00 this needs ---------------------- to be 42,245.65 35,734.24 reversed ------------------- 1,980.00 4,531.41 Nov-01-issues 1022 10/29/01 Sprint PCS 50% of Wireless billing $1,175.48 587.74 587.74 - 1023 10/29/01 FII)C. Fidelity 401k Loan Repayments Jul-01 to Oct 01 1,096.77 1,096.77 - 1024 10/30/01 AON Risk Services Insurance Premium Directors & Officers Coverage 58,474.05 58,474.05 - 1201 11/2/01 ADP. INC INV 185552 150.00 150.00 - 1202 11/2/01 JIT TRANSPORTATION INV 605582 10.00 10.00 - 1203 11/2/01 RR. DONNELLEY INV 1201767100 540.00 540.00 - 1204 11/2/01 UNITED PARCEL SERVICE INV 100E3W421 14.15 14.15 -
CHECK# Date Supplier Name Description Payment Amount CLEARED VOID OUTSTANDING ------ ---- ------------- ----------- -------------- ------- ---- ----------- 1205 11/2/01 UNUM LIFE INSURANCE ACCT 05539930017 486.13 486.13 - 1206 11/2/01 VISION SERVICE PLAN CA ACCT 121588050006 71.13 71.13 - 1207 11/2/01 STERLING LOGISTICS INV 17250 75.00 75.00 - 1208 11/2/01 THE DEPOSITARY TRUST CO. INV 146596 100.00 100.00 - 1219 11/2/01 SIRAROTOGA BLANCARTE INV #177 Period and 11-02-01 (Vacationing PE 11-9-01) 960.00 960.00 - 1224 11/12/01 ADP INV 104008, 103451 500.57 500.57 - 1225 11/12/01 AT&T ACCT 1717781206621 1,618.07 1,618.07 - 1226 11/12/01 AT&T WIRELESS, INC. ACCT 80852968 87.66 87.66 - 1227 11/12/01 EMPLOYMENT DEVELOPMENT ACCT 19604941 778.88 778.88 - 1228 11/12/01 EXHIBIT GROU/GILTSPUR INV 24738 399.50 399.50 - 1229 11/12/01 FIIOC-FIDELITY 401K Loan Repayments - 11/08/01 101.33 101.33 - 1230 11/12/01 HOGLAND TRANSFER INV 4345608 14,552.10 14,552.10 - 1231 11/12/01 JIT TRANSPORTATION INV 608117 5.00 5.00 - 1232 11/12/01 KEMPER INSURANCE ACCT CSF032268 - INSTALLMENT 4 2,320.00 2,320.00 - 1233 11/12/01 PACIFIC BELL ACCT 8586\3825946\ 137.28 137.28 - 1234 11/12/01 PITNEY BOWES CREDIT CORP ACCT 4903515 537.52 537.52 - 1235 11/12/01 R R. DONNELLEY RECEIVABLES INV 1208054500, 1202505700 2,213.20 2,213.20 - 1236 11/12/01 SHAREHOLDER.COM INV ADAP0801 145.77 145.77 - 1237 11/12/01 SOUT DAKOTA-DEPT OF REVENUE LATE CHARGE 10.00 10.00 - 1238 11/12/01 Sprint PCs ACCT 002366285834 262.51 262.51 - 1239 11/12/01 STATE BOARD OF EQUALIZATION ACCT SC OH30-687800 56.65 56.65 - 1240 11/12/01 THE DEPOSITORY TRUST CO. INV 147121, 148220 190.00 190.00 - 1241 11/12/01 THE HARTFORD INSURANCE INV 448710 3.75 3.75 - 1242 11/12/01 VERIZON WIRELESS INV 0313638213 178.23 178.23 - 1243 11/13/01 AON CONSULTING INV 4412 1,754.86 1,754.86 - 1244 11/14/01 ABC Prepaid postage stamps 2,070.00 2,070.00 - 1245 11/16/01 R.R. Donnelley Receivables, Inc. INV#1206481100 3,277.00 3,277.00 - 1246 11/16/01 DANIEL SCHARRE Expense Reimbursement 5365011110 52.84 52.84 - 1247 11/16/01 MARK SHUPE Expense Reimbursement 7668011020 19.04 19.04 - 1248 11/16/01 Sprint PSC Oct - 01 Simi 23626583-4 912.86 912.86 - EFT 11/20/01 ZHENG, XIAONAN EFT TRANSFER 11-20-01 CHINA REPRESENTATIVE 7,592.00 7,592.00 - EFT 11/20/01 LUI, DIAN EFT TRANSFER 11-20-01 CHINA REPRESENTATIVE 1,650.00 1,650.00 - EFT 11/20/01 ZHANG, YU EFT TRANSFER 11-20-01 CHINA REPRESENTATIVE 865.00 865.00 - 1253 11/22/01 SIRAROTOGA BLANCARTE INVOICE #178 PERIOD ENDING 11/23/01 1,440.00 1,440.00 - 1254 11/21/01 HO GLOBAL WORKPLACES INV SJ004F754098 6,631.04 6,631.04 - 1255 11/21/01 IRON MOUNTAIN INV 777017831 100.00 100.00 - 1256 11/21/01 MURPHY & MACONACHY, INC. INV 2003079 1,094.00 1,094.00 - 1257 11/21/01 STERLING LOGISTICS INV 17603 75.00 75.00 1258 11/21/01 PACIFIC GAS & ELECTRIC CO. ACCT HVV50528063 13,692.27 13,692.27 - 11/23/01 ADP ADP PROCESSING FIELDS 47.23 47.23 - --------------------------------------------- 126,042.23 125,967.23 0.00 75.00 ============================================= DECEMBER 2001 A/P OUTSTANDING ----------------------------- 1265 11/30/2001 ABC ACCT 30003 588.02 588.02 - 1266 11/30/2001 ADP acct 00191-202052 248.34 248.34 - 1267 11/30/2001 A T & T ACCT 17117781206621 13.55 13.55 - 1268 11/30/2001 FIIOC (FIDELITY) 401K LOAN REPAYMENT-PE 11/23/01 101.23 101.23 - 100 00 11/30/2001 HOGLAND TRANSFER CO. 100.00 100.00 - 1270 11/30/2001 IRON MOUNTAIN 856.52 856.52 - 1271 11/30/2001 MANAGED HEALTH NETWORK 20.76 20.76 - 1274 12/05/2001 SIRAROTOGA BLANCARTE 1800.00 1800.00 - 1275 12/06/2001 AON CONSULTING 666.00 666.00 - 1276 12/05/2001 FLORIDA DEPARTMENT OF REVENUE SALES TAX 10.00 10.00 - 1277 12/05/2001 ONEIL RELOCATION 582.28 582.28 - 1278 12/05/2001 R R DONNELLEY RECEIVABLES 1993.00 1993.00 - 1279 12/05/2001 SCHARRE, DANIEL L. 1275.00 1275.00 - 1280 12/05/2001 SPRINT PCS ACCT 0023626583-4 200.83 200.83 - 1281 12/05/2001 VERIZON ACCT 708255074-00001 183.43 183.43 - 1282 12/14/2001 ADP acct 00191-202042 240.13 240.13 - 1283 12/14/2001 AON CONSULTING 8.00 8.00 - 1284 12/14/2001 CDC Communications ACCT 183500 2.00 2.00 - 1285 12/14/2001 IN-HOUSE ATTORNEY SERVICE, INC. SHERIANN DeMAS 5364.24 5364.24 1286 12/14/2001 RMI CONSULTING CONSULTING SERVICES 1703.04 1703.04 - 1287 12/14/2001 SCHARRE, DANIEL L. 2082.50 2082.50 - 1287 12/14/2001 SIRAROTOGA BLANCARTE 1200.00 1200.00 - 1291 12/18/2001 MIAO, PATTY 2200.00 2200.00 - 1292 12/20/2001 SIRAROTOGA BLANCARTE 1200.00 1200.00 - 1293 12/21/2001 A T & T BUSINESS SERVICES ACCT 0553688485001 11.18 11.18 1294 12/21/2001 SCHARRE, DANIEL L. 1312.50 1312.50 1295 12/21/2001 VERIZON ACCT 70825507400001 133.40 133.40 - 1296 12/28/2001 ADP ACCT 00191-202882 296.19 296.19 1297 12/28/2001 SIRAROTOGA BLANCARTE 720.00 720.00 --------------------------------------------- 25,312.16 18,326.06 - 6,984.12 ============================================= GRAND TOTAL OUTSTANDING A/P CHECKS 11,580.55
Bank of America [LOGO] LIQUIDITY MANAGEMENT ACCOUNT STATEMENT PERIOD: 12/01/2001-12/31/2001 ACCOUNT NUMBER 1233936178 MASTER ACCOUNT 1233936178 TAX ID. NUMBER 94-1668412 ADAPTIVE BROADBAND CORP-DIP 2055 GATEWAY PLACE SUITE 400 SAN JOSE CA 95110-0000
REDEMPTION PURCHASE CREDIT TO INVESTMENT DIVIDEND DIVIDEND INVESTMENT DATE AMOUNT AMOUNT INVESTMENT BALANCE RATE ACCRUED OPTION ------- ---------- -------- ---------- ---------- -------- --------- ---------- 12/01/2001 16,822,816.96 1.7820% 821.34 CASH-DAILY 12/02/2001 16,822,816.96 1.7820% 821.34 CASH-DAILY 12/03/2001 5,227.19 5,227.19 16,828,044.15 1.7673% 814.80 CASH-DAILY 12/04/2001 16,828,044.15 1.7473% 805.58 CASH-DAILY 12/05/2001 1,456.89 1,456.89- 16,826,587.26 1.7319% 798.40 CASH-DAILY 12/06/2001 47,517.80 47,517.80- 16,779,069.46 1.7075% 784.96 CASH-DAILY 12/07/2001 694,713.17 694,713.17- 16,084,356.29 1.6998% 749.05 CASH-DAILY 12/08/2001 16,084,356.29 1.6998% 749.05 CASH-DAILY 12/09/2001 16,084,356.29 1.6998% 749.05 CASH-DAILY 12/10/2001 19,175.88 19,175.88- 16,065,180.41 1.6825% 740.52 CASH-DAILY 12/11/2001 3,823.66 3,823.66- 16,061,356.75 1.6432% 723.07 CASH-DAILY 12/12/2001 16,061,356.75 1.6229% 714.15 CASH-DAILY 12/13/2001 375.47 375.47- 16,060,981.28 1.6113% 709.03 CASH-DAILY 12/14/2001 5,849.19 5,849.19- 16,055,132.09 1.6094% 707.90 CASH-DAILY 12/15/2001 16,055,132.09 1.6094% 707.90 CASH-DAILY 12/16/2001 16,055,132.09 1.6094% 707.90 CASH-DAILY 12/17/2001 2,086.00 2,086.00- 16,053,046.09 1.5946% 701.33 CASH-DAILY 12/18/2001 72.55 72.55- 16,052,973.54 1.5684% 689.80 CASH-DAILY 12/19/2001 16,052,973.54 1.5521% 682.60 CASH-DAILY 12/20/2001 6,785.60 6,785.60- 16,046,187.94 1.5294% 672.35 CASH-DAILY 12/21/2001 12,482.75 12,482.75 16,058,670.69 1.5333% 674.59 CASH-DAILY 12/22/2001 16,058,670.69 1.5333% 674.59 CASH-DAILY 12/23/2001 16,058,670.69 1.5333% 674.59 CASH-DAILY 12/24/2001 6,292.86 6,292.86- 16,052,377.83 1.5272% 671.65 CASH-DAILY 12/25/2001 16,052,377.83 1.5272% 671.65 CASH-DAILY 12/26/2001 16,052,377.83 1.5268% 671.45 CASH-DAILY 12/27/2001 16,052,377.83 1.5291% 672.47 CASH-DAILY 12/28/2001 177.47 177.47- 16,052,200.36 1.5118% 664.88 CASH-DAILY 12/29/2001 16,052,200.36 1.5118% 664.88 CASH-DAILY 12/30/2001 16,052,200.36 1.5118% 664.88 CASH-DAILY 12/31/2001 720.00 720.00- 16,051,480.36 1.5131% 665.41 CASH-DAILY MTD TOT DIVIDENDS ACCRUED 22,221.16 AVG. DAILY DIVIDEND RATE 1.6144% MTD TOT DIVIDENDS PAID 12,687.31 AVG. DAILY INVESTMENT BAL. 16,205,596.94 YTD TOT DIVIDENDS PAID 12,687.31 TARGET BALANCE .00 ACCRUED DIVIDENDS OF 22,221.16 WILL BE CREDITED TO YOUR DDA ON 01/02/2002.
Bank of America [LOGO] ADAPTIVE BROADBAND CORP-DIP 2055 GATEWAY PLACE SUITE 400 SAN JOSE CA 95110-0000 CURRENT DATE: 12/31/2001 TREASURY MANAGEMENT SERVICES THIS IS A CREDIT ADVICE. WE HAVE CREDITED YOUR CHECKING ACCOUNT NUMBER 123-393-617-8 FOR $720.00 WITH PROCEEDS TAKEN FROM YOUR NATIONS CASH RESERVES FUND. YOUR INVESTED BALANCE IS: $16,051,480.36 Bank of America [LOGO] BANK OF AMERICA, N.A. Account Number 1233936178 P.O. BOX 27128 01 01 000 01 M0000 E# 37 CONCORD, CA 94520 Last Statement: 11/30/2001 This Statement: 12/30/2001 Customer Service 1-800-262-2726 ADAPTIVE BROADBAND CORP-DIP 2055 GATEWAY PLACE SUITE 400 Page 1 of 3 SAN JOSE CA 95110 ANALYZED CHECKING -------------------------------------------------------------------------------- Account Summary Information Statement Period 12/01/2001 - 12/31/2001 Statement Beginning Balance .00 Number of Deposits/Credits 16 Amount of Deposits/Credits 818,593.42 Number of Checks 37 Amount of Checks 54,987.71 Number of Other Debits 11 Amount of Other Debits 763,605.71 Statement Ending Balance .00 Number of Enclosures 37 Number of Days in Cycle 31 Service Charge 1,739.16
Transaction Detail ----------------------------------------------------------------------------------------------------- Date Customer Bank Posted Reference Amount Description Reference ----------------------------------------------------------------------------------------------------- 12/03 1234 12,687.31 Sweep - Dividends Credit 09915000 12/03 Bank Charges 1,739.16- Account Analysis Fee 123302460000 ILXLM-APX Analysis Billing: analysis fees paid for p/c 01129 12/03/01 12/03 5,227.19- Sweep - Mutual Fund Debit 09915100 12/03 1234 537.52- Check 988505360324 12/03 1261 2,801.26- Check 981100960229 12/03 1263 1,525.66- Check 981100960229 12/03 1270 856.26- Check 986804560316 12/05 424.88- CA BANKING CENTER DEPOSIT 4100660142 12/05 1,456.89 Sweep - Trans from Mutual Fund 09915100 12/05 1256 1,094.00- Check 988505860007 12/05 1266 249.34- Check 983500960191 12/05 1267 13.55- Check 988506860253 12/05 1269 100.00- Check 983500160030 12/06 47,517.80 Sweep - Trans From Mutual Fund 09915100 12/06 43,801.61- WIRE TYPE:WIRE OUT DATE: 120601 TIME: 0616 PT 385200370009 TRN: 011206009557 FDREF/SEQ: 011206009557/000171 BNF: ADP INC. FUNDS MGMT. ID: 009102628675 BNF BK:CH ASE MANHATTAN BANK N ID: 021000021 PMT DET: 0090000 340JO BY REQUEST OF ADP TAX SERVICES PLEASE REFER 12/06 1243 1,754.86- Check 05460241 12/06 1268 101.33- Check 981400660190 12/06 1274 1,860.00- Check 983501360046 12/07 694,713.17 Sweep - Trans From Mutual Fund 09915100 12/07 46.35- ADP - FEES ADP PAYROLL FEES CO ID: 9659605001 533328087464 ADAPTIVE BROADBAND-SUN ID# 10AB2 5355332 REF: 00123393617812110825000002808746400101120727 12/07 692,538.96- WIRE TYPE: BOOK OUT DATE: 120701 TIME: 1420 PT 385200370065 TRN: 011207065556 BNF: ADAPTIVE BROADBAND DIP ID: 1233006345 12/07 1265 598.82- Check 986905060179 12/07 1272 1,745.01- Check 114200460377 12/07 1281 183.43- Check 414905560027 12/07 19,175.88 Sweep - Trans From Mutual Fund 09915100 12/10 1262 12,196.87- Check 49400860452 12/10 1273 3,636.49- Check 615000260304 12/10 1278 1,99.00- Check 987006860227 12/10 1279 1,375.00- Check 615001760109
Bank of America [LOGO] BANK OF AMERICA, N.A. Account Number 1233936178 P.O. BOX 27128 01 01 000 M0000 E# 37 CONCORD, CA 94520 Last Statement: 11/30/2001 This Statement: 12/31/2001 Customer Service 1-800-262-2726 ADAPTIVE BROADBAND CORP-DIP Page 2 of 3
ANALYZED CHECKING ----------------------------------------------------------------------------------------------- Transaction Detail ----------------------------------------------------------------------------------------------- Date Customer Bank Posted Reference Amount Description Reference ----------------------------------------------------------------------------------------------- 12/11 3,823.66 Sweep - Trans From Mutual Fund 09915100 12/11 1211 2,117.59- Check 980500560076 12/11 1248 912.86- Check 988507260062 12/11 1277 592.28- Check 985006360585 12/11 1280 200.93- Check 988507260062 12/13 375.47 Sweep - Trans From Mutual Fund 09915100 12/13 375.47- ADP - FEES ADP PAYROLL FEES CO ID: 9659605001 533375701584 ADAPTIVE BROADBAND-SUN ID# 10AB2 4779072 REF: 00123393617812110825000007570158460001121327 12/14 5,849.19 Sweep - Trans From Mutual Fund 09915100 12/14 358.60- ADP - FEES ADP PAYROLL FEES CO ID: 9659605001 533303817164 ADAPTIVE BROADBAND-SUN ID# 10AB2 5561172 REF: 00123393617812110825000000381716470101121427 12/14 1276 10.00- Check 983906860223 12/14 1289 5,480.59- Check 62201260263 12/17 2,086.00 Sweep - Trans From Mutual Fund 09915100 12/17 1240 190.00- Check 983500460199 12/17 1275 696.00- Check 987006260396 12/17 1288 1,200.00- Check 983500460113 12/18 72.55 Sweep - Trans From Mutual Fund 09915100 12/18 EARTHLINK 72.55- INTRNT SVC EARTHLINK CA CO ID: 1742420000 533372774345 ADAPTIVE BROADBAND 1D# REF: 00123393617812110825000007277434510001121827 12/19 16,434.69 CA BANKING CENTER DEPOSIT 86500160794 12/20 6,785.60 Sweep - Trans From Mutual Fund 09915100 12/20 6,785.60- WIRE TYPE: WIRE OUT DATE: 122001 TIME: 0616 PT 385200370011 TRN: 011220011601 FDREF/SEQ:011220011601/000230 BNF: ADP INC. FUNDS MGMT. ID:009102628675 BNF BK:CH ASE MANHATTAN BANK N. ID:021000021 PMT DET:0123100 354JO BY REQUEST OF ADP TAX SERVICES PLEASE REFERE 12/21 12,482.75- Sweep - Mutual Fund Debit 09915100 12/21 1282 249.13- Check 983500160022 12/21 1283 8.00- Check 987004560260 12/21 1284 2.03- Check 982000160154 12/21 1290 2,706.70- Check 126201360184 12/24 6,292.86 Sweep - Trans From Mutual Fund 09915100 12/24 1286 1,703.04- Check 519001060009 12/24 1287 2,062.50- Check 983905560149 12/24 1291 2,200.00- Check 981101360250 12/24 1292 1,200.00- Check 983500160041 12/24 1295 113.40- Check 414906860019 12/28 177.47 Sweep - Trans From Mutual Fund 09915100 12/28 177.47- ADP - FEES ADP PAYROLL FEES CO ID: 9659605001 533382384756 ADAPTIVE BROADBAND-SUN ID# 10AB2 5939310 REF: 00123393617812110825000008238475610001122827 12/31 720.00 Sweep - Trans From Mutual Fund 09915100 12/31 1297 720.00- Check 983500460026
Bank of America [LOGO] BANK OF AMERICA, N.A. Account Number 1233936178 P.O. BOX 27128 01 01 000 01 M0000 E# 37 CONCORD, CA 94520 Last Statement: 11/30/2001 This Statement: 12/31/2001 Customer Service 1-800-262-2726 ADAPTIVE BROADBAND CORP-DIP Page 3 of 3 ANALYZED CHECKING -------------------------------------------------------------------------------- Daily Balances -------------------------------------------------------------------------------- Date Ledger Balance Collected Balance Date Ledger Balance Collected Balance -------------------------------------------------------------------------------- 11/30 .00 .00 12/19 16,434.69 .00 12/05 424.88 .00 12/21 986.08 .00 12/07 25.48 .00 12/24 .00 .00 12/10 .00 .00 12/31 .00 .00