-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, T/u24KFuGqO2VNw9jptJ71uQk84go6fwgfAMBqeUBHbeYR+Wkm+IUSTrzs1qke6q jjQiN1kM3JyWn+OHZh08Bw== 0000943440-98-000024.txt : 19980424 0000943440-98-000024.hdr.sgml : 19980424 ACCESSION NUMBER: 0000943440-98-000024 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19980417 ITEM INFORMATION: FILED AS OF DATE: 19980423 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: DIGITAL PRODUCTS CORP CENTRAL INDEX KEY: 0000028895 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS BUSINESS SERVICES [7380] IRS NUMBER: 591141879 STATE OF INCORPORATION: FL FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-09503 FILM NUMBER: 98599234 BUSINESS ADDRESS: STREET 1: 3001 SW 10TH STREET CITY: POMPANO BEACH STATE: FL ZIP: 33069 BUSINESS PHONE: 8006707790 MAIL ADDRESS: STREET 1: 3001 SW 10TH STREET CITY: POMANO BEACH STATE: FL ZIP: 33069 8-K 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K Commission File No.: 0-9503 Current Report April 17, 1998 (Date of Report - Date of Earliest Event Reported) DIGITAL PRODUCTS CORPORATION Florida 59-1141879 (State or other jurisdiction of (IRS Employer Incorporation or organization) Identification No) 3001 SW 10th Street Pompano Beach, Florida 33069 (Address of Principal Executive Offices) (800) 670-7790 (Registrant's Telephone Number) (Former Name, Former Address and Former Fiscal Year, if changed since last report) ITEM 3. BANKRUPTCY OR RECEIVERSHIP On April 3, 1997, the Company filed a voluntary petition under Chapter 11 of the U.S. Bankruptcy Act in the U.S. District Court for the Southern District of Florida. Since that date, the Company has continued its day-to-day business under the protection of the Bankruptcy Court as Debtor-In-Possession. The following Monthly Financial Report for Business for the month of March was filed with the Bankruptcy Court on April 17, 1998. UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF FLORIDA MIAMI DIVISION IN RE: CASE NUMBER 97-21987BKC-RBR JUDGE RAYMOND B. RAY DEBTOR. CHAPTER 11 DEBTOR'S MONTHLY FINANCIAL REPORTS (BUSINESS) FOR THE PERIOD FROM 3/1/98 TO 3/31/98 Comes now the above-named debtor and files its Periodic Financial Reports in accordance with the Guidelines established by the United States Trustee and FRBP 2015. Robert Furr Attorney for Debtor Debtor's Address Attorney's Address And Phone Number: and Phone Number: 3001 SW 10th Street 1499 W Palmetto Road Pompano Beach, FL 33069 Boca Raton, FL 33486 (800) 670-7790 (561) 395-0500 Monthly Financial Report for Business For the Period Beginning: 3/1/98 and Ending:3/31/98 Name of Debtor: Digital Products Corporation Case Number 97-21987 BKC RBR Date of Petition: 4/3/97
Current Cumulitive Month Petition to date 1. Cash at Beginning of Period $ 26,035.06 $ 60,846.09 2. Receipts A. Cash Sales Less: Cash refunds Net Cash Sales B. Collections on Postpetition A/R 142,964.94 2,288,087.86 C. Collections on Preptition A/R - 382,998.55 D. Other Receipts 50,000.00 109,076.29 3. Total Reciepts 192,964.94 2,780,162.70 4. Total Cash Available for _____________ ____________ Operations (line 1 + line 3) 219,000.00 2,841,008.79 5. Disbursements A. U.S. Trustee Quarterly Fees 3,750.00 11,250.00 B. Net Payroll 70,200.97 703,860.28 C. Payroll Taxes Paid 33,688.23 323,501.55 D. Sales and Use Taxes - - E. Other Taxes - 10,190.85 F. Rent - 63,084.71 G. Other Leases - 72,237.16 H. Telephone 2,740.34 240,934.82 I. Utilities - - J. Travel & Entertainment 14,026.29 162,747.48 K. Vehicle Expenses - - L. Office Supplies 578.29 21,234.32 M. Advertising - 13,850.57 N. Insurance (Attachment 7) 713.83 114,457.30 O. Purchases of Fixed Assets - 63,324.62 P. Purchases of Inventory 22,806.08 376,708.13 Q. Manufacturing Supplies - - R. Repairs & Maintenance - 1,559.21 S. Payments to Secured Creditors - - T. Other Operating Expenses 67,358.86 658,930.68 6. Total Cash Disbursements 215,862.89 2,837.871.68 7. Ending Cash Balance $ 3,137.11 $ 3,137.11
I declare under penalty of perjury that this statement and the accompanying documents and reports are true and correct to the best of my knowledge and belief. This 17th day of April 1998. Monthly Financial Report for Business Period Beginning: 3/1/98 and Ending: 3/31/98 Name of Debtor: Digital Products Corporation Case Number: 97-21987-BKC-RBR Date of Petition: 4/3/97
Other Recepts Current Cumulative Month to Date IL Unemployment Fund $ - $ 701.08 Dennis Herald Personal Shipping - 22.25 AT&T Refund - 172.98 Various Miscellaneous Income - 1,197.38 Genesee County Payment in Error - 1,622.00 COD Supplies/Other - 2,357.37 EMS Cash Advance - 24,900.00 State of Utah Pmt. Received in Error - 4,750.20 APT Refund Excess Deposit - 10,000.00 Various Tax Refunds - 257.51 Nasdaq Refund - 4,000.00 Judy Sundberg Advance - 8,850.00 Synergy Media Draw on Trust Funds 20,000.00 20,000.00 IMS, Inc. Reimburse Expenses 30,000.00 30,000.00 Void Checks - 245.52 $50,000.00 $109,076.29
Monthly Financial Report for Business Period Beginning: 3/1/98 and Ending: 3/31/98 Name of Debtor: Digital Products Corporation Case Number: 97-21987-BKC-RBR Date of Petition: 4/3/97
Other Operating Expenses Current Cumulative Month To Date Tax Account Bank Charges $ 40.45 $ 296.41 Barnett Bank Bank Charges Wire Transfers - 75.00 Operating Acc. Bank Charges 90.99 1,075.27 Payroll Acc. Bank Charges 164.73 353.59 Kinko's Copies for Tracking - 654.67 Postage Next Day Mailing - 56.75 Subcontractors Installers 2,053.25 29,933.63 Corp. Lic Fees - 330.00 Computer Programers 2,237.50 43,475.48 Subcontractors Labor 33,431.72 181,920.34 UPS/Other Freight 8,301.54 82,226.36 Transfer Agent/Other Stkhr Mailing & Fees 9,800.00 38,875.25 Holl. & Knight Patent Renewals - 13,289.00 Refund (ck Rec in error) - 6,362.00 Adv. Payment Repayment - 24,900.00 Various Medical Claims - 2,451.88 Subcontractors Computer Supplies - 498.18 Sonet Kapila Interim CFO - 10,469.05 L. Martin Commission - 1,000.00 T. Snellings Consult/Commission 5,729.15 24,708.30 Corp. Sys. Gp./Othe Network Support - 10,534.33 Variious Moving Expense - 7,006.60 Cash Facilitators Advance - 18,786.09 Competatech/Others Training - 2,729.39 Employees Mileage Reimbursement - 166.44 Employees 125S Reimbursements - 2,588.00 Corp. Sys. CCSN Purchase - 61,612.96 Mike Luther Expense Advance - 12,556.10 Peggy Conway Expense Advance - 2,000.00 USCF Fees - 500.00 Various Service Deposits - 40,500.00 EMS Commission - 2,843.25 Bk of Kaukauna Utah Lease Shortage - 15,044.63 IMS, Inc. Reimbursed Expenses 5,509.53 5,509.53 Argentina Cons Consulting - 13,600.00 $ 67,358.86 $ 658,930.48
ATTACHMENT 1 MONTHLY ACCOUNTS RECEIVABLE AGING AND RECONCILIATION Name of Debtor: Digital Products Corporation Case Number: 97-21987 BKC RBR Reporting Period Beginning: 3/1/98 and Ending: 3/31/98 ACCOUNTS RECEIVABLE AT PETITION DATE: $534,314.00 ACCOUNTS RECEIVABLE RECONCILIATION (Includes all accounts receivable, pre-petition and post-petition, including charge card sales, which have not been received): Beginning of Month Balance $697,186.19 Plus: Current Month New Billings 202,372.31 Less: Collections during the Month 142,964.94 End of Month Balance $756,593.56 Aging: (Show the total amount for each age group of accounts Incurred since filing the petition) 0-30 days 31-60 days 61-90 days Over 90 Total Days $276,572.02 182,089.65 23,526.38 116,579.83 $598,767.88 ATTACHMENT 2 MONTHLY ACCOUNTS PAYABLE AND SECURED PAYMENTS REPORT Name of Debtor: Digital Products Corporation Case #97-21987 BKC-RBR Reporting Period Beginning 3/1/98 and Ending 3/31/98 In the space below list all invoices or bills incurred and not paid since the filing of the petition. Do not include amounts owed prior to the filing of the petition.
Date Days Incurred Outstanding Vendor Description Amount 24-Apr-97 Millward & Co. Audit $ 150.00 dispute 1-Feb-98 59 Access 2000 Computer System 10,358.00 1-Feb-98 59 Doug Hogmire Computer 1,383.55 9-Feb-98 51 Constant Elec.Serv. Wiring 116.50 10-Feb-98 50 Richard Angulo Expense Reimburse 1,831.53 28-Feb-98 31 Competatech Training 168.75 26-Feb-98 33 Carl Marjolis Consulting 693.75 2-Feb-98 58 AT&T Phones 3,053.88 28-Feb-98 31 TCG Telephone 2,308.25 23-Feb-98 36 LCI Long Distance 593.96 3-Feb-98 57 LCI Long Distance 14,502.58 2-Feb-98 58 xiNETix Rent 6,287.87 21-Feb-98 38 Deltec Repairs 1,663.40 16-Feb-98 43 FedEx Freight 288.75 18-Feb-98 45 Alvin Cohn Expenses 182.30 17-Feb-98 46 Bryan Brown Expenses 1,772.88 1-Mar-98 31 MEBA Health & Dental Ins 4,735.93 1-Mar-98 31 KBS, Inc. Rent 5,000.00 1-Mar-98 31 xiNETix Rent 6,168.85 1-Mar-98 31 Self Storage Storage space 1,142.00 1-Mar-98 31 TCG Local phones 2,338.39 1-Mar-98 31 American Stock Transfer fees 1,600.00 2-Mar-98 30 Richard Angulo Expenses 424.70 2-Mar-98 30 AT&T Credit Phone System 3,053.88 3-Mar-98 29 LCI International Long Distance 12,742.10 7-Mar-98 25 United Parcel Service Freight 1,733.13 9-Mar-98 23 Competatech Training 98.44 10-Mar-98 22 PageNet Pagers 263.73 11-Mar-98 21 Judy Sundberg Expenses 1,064.30 13-Mar-98 19 Riscorp FL Workcomp 1,702.56 14-Mar-98 18 United Parcel Service Freight 2,134.47 14-Mar-98 18 Chuck Nora Expenses 1,113.43 16-Mar-98 16 US West Telephone 620.77 15-Mar-98 17 Accounting Resources Contract Labor 717.20 19-Mar-98 13 Doug Hogmire Expenses 881.22 20-Mar-98 12 FedEx Freight 80.25 21-Mar-98 11 Judy Sundberg Expenses 142.00 21-Mar-98 11 United Parcel Service Freight 1,211.55 21-Mar-98 11 Chuck Nora Expenses 323.21 23-Mar-98 9 Gard Distributing Repair Parts 98.83 23-Mar-98 9 FedEx Freight 185.79 23-Mar-98 9 FedEx Freight 1,572.55
ATTACHMENT 2 MONTHLY ACCOUNTS PAYABLE AND SECURED PAYMENTS REPORT Name of Debtor: Digital Products Corporation Case #97-21987 BKC-RBR Reporting Period Beginning 3/1/98 and Ending 3/31/98 In the space below list all invoices or bills incurred and not paid since the filing of the petition. Do not include amounts owed prior to the filing of the petition.
Date Days Incurred Outstanding Vendor Description Amount 23-Mar-98 9 LCI International Long Distance 1,027.98 24-Mar-98 8 Richard Angulo Expenses 933.60 25-Mar-98 7 SMA, Inc. Engineering 15,907.07 25-Mar-98 7 Electronic Filings SEC Filing 171.00 25-Mar-98 7 Liberty Court Travel Airfare 4,983.00 25-Mar-98 7 US West Local Phone 59.49 25-Mar-98 7 Accounting Resources Contract Labor 708.24 28-Mar-98 4 Liberty Court Travel Airfare & Cont Labor 2,802.00 28-Mar-98 4 Sandra Umana Contract Labor 80.00 28-Mar-98 4 Ken Virgillito Expenses 739.65 28-Mar-98 4 American Design Contract Labor 1,876.02 28-Mar-98 4 United Parcel Service Freight 1,750.22 29-Mar-98 3 Peggy Conway Expenses 1,861.84 30-Mar-98 2 Bryan Brown Expenses 2,756.00 31-Mar-98 1 Jeff Serbin Reim. Repair Parts 726.30 30-Mar-98 2 SMA, Inc. Engineering 6,637.00 30-Mar-98 2 FedEx Freight 330.00 31-Mar-98 1 Accounting Resources Contract Labor 672.38 31-Mar-98 1 Chuck Nora Expenses 104.39 $140,631.41
ACCOUNTS PAYABLE RECONCILIATION (Post Petition Only): Opening Balance (total from prior report) $ 63,335.28 Plus: New Indebtedness Incurred This Month 95,275.46 Less: Amount Paid on Prior Accounts Payable 17,979.33 End of Month Balance $140,631.41 Secured: List the status of Payments to Secured Creditors and Lessors (Post Petition Only) Number Total of Post Amount of Secured Dated Petition Post Petition Creditor/ Payment Payment Payments Payments Lessor Due Amount Delinquent Delinquent None ATTACHMENT 3 Name of Debtor: Digital Products Corporation Case # 97-21987 BKC-RBR Report Period Beginning 3/1/98 and Ending 3/31/98 INVENTORY REPORT INVENTORY BALANCE AT PETITION DATE: $148,780.63 INVENTORY RECONCILIATION: Inventory Balance at Beginning of Month $134,907.69 Inventory Purchased during Month 22,806.08 Inventory Used or Sold 32,756.36 Inventory on Hand at End of Month $124,957.41 METHOD OF COSTING INVENTORY:Inventory is stated at lower of cost or market using first-in, first-out method in determining cost, and replacement cost or net realizable value in determining market. FIXED ASSETS FAIR MARKET VALUE AT PETITION DATE: $ 716,000 (Includes Property, Plant and Equipment) BRIEF DESCRIPTION (First Report Only): FIXED ASSETS RECONCILIATION: Fixed Assets Book Value at Beginning of Month $ 685,099.29 Less: Depreciation Expense 34,963.00 Plus: New Purchases - Less: Disposed Under Lease Rejection 196,104.29 Ending Monthly Balance $ 454,032.00 BRIEF DESCRIPTION OF FIXED ASSETS PURCHASED OR DISPOSED OF DURING THE REPORTING PERIOD: ATTACHMENT 4 MONTHLY BANK RECONCILIATIONS DEBTOR: Digital Products Corporation Case #97 21987 BKC-RBR Report Period Beginning: 3/1/98 Ending: 3/31/98 BANK: Comerica Bank & Trust BRANCH: Boca Raton ACCT NAME: Digital Products Corporation ACCT NUMBER: 1811006533 PURPOSE OF ACCOUNT: Operating Account Beginning Balance $ 25,516.07 Total of Deposits Made 192,964.94 Total of Checks/Wires 112,410.51 Service/Other Charges 115.94 Transfers to Other Accounts 103,131.26 $ 2,823.30 Number of First Check Written This Period 1909 Number of Last Check Written This Period 1969 Total Number of Checks Written This Period 58 Total Number of Wire Transfers 4 Voided Checks This Period 3 Total 65 BANK: Comerica Bank & Trust BRANCH: Boca Raton ACCT NAME: Digital Products Corporation ACCT NUMBER: 1811006541 PURPOSE OF ACCOUNT: Payroll Account Beginning Balance $ 402.68 Transfers In 69,443.03 Total of Checks & Direct Deposits 69,150.91 Service Charges - Payroll Depot 292.12 Service Charges - Bank 164.73 $ 237.95 Number of First Check Written This Period 720 Number of Last Check Written This Period 773 Total Number of Checks Written This Period 54 Plus Manual Checks 0 Total 54 Plus Direct Deposits 61 Items Total 115 Items ATTACHMENT 4 MONTHLY BANK RECONCILIATION DEBTOR: Digital Products Corporation Case #97 21987 BKC-RBR Report Period Beginning: 3/1/98 Ending: 3/31/98 BANK: Comerica Bank & Trust BRANCH:Boca Raton ACCT NAME: Digital Products Corporation ACCT NUMBER: 1811006558 PURPOSE OF ACCOUNT: Tax Account Beginning Balance $ 116.31 Total of Transfers In 33,688.23 Total of Transfers Out 33,688.23 Service Charges 40.45 $ 75.86 ATTACHMENT 5 CHECK REGISTER DEBTOR: Digital Products Corporation Case # 97-21987 BKC-RBR Report Period Beginning: 3/1/98 And Ending: 3/31/98 NAME OF BANK: Comerica Bank & Trust ACCOUNT NAME: Digital Products Corporation ACCOUNT #: 1811006533 PURPOSE OF ACCOUNT: Operating Account
Date Check # Payee Purpose Amount 3/2/98 1909 American Stock Transfer Bankruptcy Mail/Fees 9,800.00 3/2/98 1910 US Trustee Bankruptcy Fees 3,750.00 3/2/98 1911 Accounting Resources Contract Labor 690.31 3/2/98 wire SMA, Inc. Engineering 10,009.79 3/2/98 1912 Neph Rodriguez Travel 1,700.00 3/3/98 1913 Travis Snellings Consulting/Travel 1,531.87 3/3/98 1914 Liberty Court Airfare 6,173.28 3/4/98 1915 Office Max Supplies 94.41 3/4/98 1916 Office Max Supplies 63.89 3/5/98 1917 Noel Bryan Payroll 466.07 3/6/98 1918 Frank Garner Installer 265.00 3/6/98 1919 Albani LaPorte III Installer 393.23 1920 Void 1921 Void 3/6/98 1922 Triple S Trans. Freight 3,546.40 3/2/98 1923 Trammell Crow Rent 939.00 3/6/98 1924 Kinkos Copies 232.38 3/10/98 1925 Frank Garner Installer 275.00 3/10/98 1926 Travis Snellings Consulting 1,145.83 3/10/98 1927 Albani LaPorte Installer 240.82 3/10/98 1928 Ken Virgillito Expenses 117.61 3/10/98 1929 Liberty Court Airfare 2,921.10 3/12/98 1930 Riscorp of Florida Workcomp 677.30 3/12/98 1931 Reliance Standard Life Ins. 36.53 3/16/98 1932 Don Rokusek Office Supplies 55.36 3/16/98 1933 Ken Virgillito Expenses 1,205.19 3/16/98 wire Dale Conrad Units 5,074.76 3/16/98 1934 Penny Woods Expenses 111.43 3/16/98 1935 US West Telephone 2,320.11 3/16/98 1936 Travis Snellings Expenses 1,000.00 3/16/98 1937 Travis Snellings Consulting 1,145.83 3/17/98 1938 Accounting Resources Contract labor 2,115.74 3/17/98 1939 Victor Flores Programmer 2,237.50 3/17/98 1940 Chuck Nora Expenses 582.95 3/17/98 1941 Doug Hogmire Expenses 1,085.01 3/17/98 1942 Minute Mann Copies 187.65 3/18/98 1943 Collen McCoy Publication 73.00 3/19/98 1944 Craig Thompson Payroll 291.87 3/20/98 1945 Industrial Assembly Straps 2,380.00 1946 Void 3/23/98 1947 United Parcel Service Freight 4,204.30 3/23/98 1948 United Parcel Service Freight 550.84
ATTACHMENT 5 CHECK REGISTER DEBTOR: Digital Products Corporation Case # 97-21987 BKC-RBR Report Period Beginning: 3/1/98 And Ending: 3/31/98 NAME OF BANK: Comerica Bank & Trust ACCOUNT NAME: Digital Products Corporation ACCOUNT #: 1811006533 PURPOSE OF ACCOUNT: Operating Account
Date Check # Payee Purpose Amount 3/24/98 1949 Cort Furniture Furniture 134.90 3/24/98 wire American Design Contract Labor 10,000.00 3/26/98 1950 Travis Snellings Consulting 1,145.83 3/26/98 wire American Design Contract Labor 7,049.03 3/27/98 1951 American Design Contract Labor 2,106.85 3/27/98 1952 Liberty Court Travel Airfare 2,191.00 3/27/98 1953 Renatta Batteries Batteries 2,977.20 3/30/98 1954 Dadan Packaging Boxes 1,123.00 3/30/98 1955 Industrial Assembly Strap Kits 4,760.00 3/30/98 1956 Reliable Office Sup. Supplies 170.68 3/30/98 1957 Apple Rubber Prod. Supplies 156.00 3/30/98 1958 EFD Repair Parts 223.91 3/30/98 1959 MSC Industrial Sup. Repair Parts 32.63 3/30/98 1960 Telnet Data Group Repair Parts 5,320.69 3/30/98 1961 Figaro Alcohol Sensors 757.89 3/30/98 1962 Frank Garner Installer 315.00 3/30/98 1963 Albani Laporte III Installer 564.20 3/30/98 1964 Craig Thompson Supplies 35.00 3/30/98 1965 Travis Snellings Expenses 699.52 3/30/98 1966 Travis Snellings Consulting 1,145.83 3/30/98 1967 Keith Lyttle Expenses 49.50 3/30/98 1968 Neph Rodriguez Travel Expenses 1,460.49 3/30/98 1969 Marcello Canay Expenses 300.00 Total $112,410.51
ATTACHMENT 5 CHECK REGISTER DEBTOR: Digital Product Corporation Case #: 97-21987 BKC-RBR Report Period Beginning: 3/1/98 and Ending: 3/31/98 NAME OF BANK: Comerica Bank & Trust ACCOUNT NAME: Digital Products ACCOUNT #: 1811005541 PURPOSE OF ACCOUNT: Payroll Account
Date Check # Payee Purpose Amount 3/6/98 720-733+14 direct dep Employees Payroll $17,052.73 3/13/98 734-748+14 direct dep Employees Payroll 17,221.85 3/20/98 749-761+16 direct dep Employees Payroll 17,273.20 3/27/98 762-773+17 direct dep Employees Payroll 17,603.13 Sub Total Payroll 69,150.91 March Payroll Depot Serv. Chg. 292.12 Grand Total $69,443.03
ATTACHMENT 5 CHECK REGISTER DEBTOR: Digital Products Corporation Case #97-21987 BKC - RBR Report Period Beginning: 3/1/98 and Ending: 3/31/98 NAME OF BANK: Comerica Bank & Trust ACCOUNT NAME: Digital Products Corporation ACCOUNT #: 1811006558 PURPOSE OF ACCOUNT: Tax Account Date Check # Payee Purpose Amount 3/6/98 transfer Payroll Depot payroll taxes $ 8,215.12 3/13/98 transfer Payroll Depot payroll taxes 8,575.58 3/20/98 transfer Payroll Depot payroll taxes 8,301.69 3/27/98 transfer Payroll Depot payroll taxes 8,595.84 $ 33,688.23 ATTACHMENT 6a Monthly Tax Report DEBTOR: Digital Products Corporation Case #97-21987 BKC - RBR Reporting Period Beginning: 3/1/98 and Ending: 3/31/98 TAXES PAID and ACCRUED DURING MONTH
Date Bank Description Amount 3/6/98 Comerica Bank FED WH $ 3,673.30 FICA 2,849.02 MEDICARE 666.27 FUTA 77.55 IN WH 75.69 MN WH 21.58 NE WH 314.14 MD WH 42.66 MI WH 30.80 FL SUTA 327.34 MD SUTA 21.23 MI SUTA 14.54 MN SUTA 12.93 NE SUTA 55.76 WA SUTA 32.31 $ 8,215.12 3/13/98 Comerica Bank FED WH $ 3,861.86 FICA 2,959.57 MEDICARE 692.15 FUTA 78.99 IN WH 75.69 MD WH 42.66 MI WH 30.80 MN WH 21.58 NE WH 314.14 FL SUTA 375.51 MD SUTA 21.23 MI SUTA 14.54 MN SUTA 12.93 NE SUTA 41.62 WA SUTA 32.31 $ 8,575.58
ATTACHMENT 6a Monthly Tax Report DEBTOR: Digital Products Corporation Case #97-21987 BKC - RBR Reporting Period Beginning: 3/1/98 and Ending: 3/31/98 TAXES PAID and ACCRUED DURING MONTH
Date Bank Description Amount 3/20/98 Comerica Bank FED WH $ 3,754.50 FICA 2,889.48 MEDICARE 675.80 FUTA 68.00 IN WH 75.69 MD WH 42.66 MI WH 30.80 MN WH 21.58 NE WH 314.14 FL SUTA 315.83 MD SUTA 21.23 MI SUTA 14.54 MN SUTA 12.93 NE SUTA 32.20 WA SUTA 32.31 $ 8,301.69 3/27/98 Comerica Bank FED WH $ 3,993.11 FICA 2,965.76 MEDICARE 693.59 FUTA 63.02 IN WH 75.69 MD WH 42.66 MI WH 30.80 MN WH 21.58 NE WH 314.14 FL SUTA 282.28 MD SUTA 21.23 MI SUTA 14.54 MN SUTA 12.93 NE SUTA 32.20 WA SUTA 32.31 $ 8,595.84 Total $33,688.23
ATTACHMENT 6b DEBTOR: Digital Products Corporation Case #97-21987 BKC - RBR Report Period Beginning: 3/1/98 and Ending: 3/31/98 TAXES OWED AND DUE Report all unpaid post-petition taxes including Federal & State withholding, FICA, state sales tax, property tax, unemployment taxes and State WC. Date last tax returns filed 1/31/98. Period: 4th Quarter returns Name of Taxing Date Payment Description Amount Authority Due Fed Taxes 03/11/98 Fed WH/Fica/Medicare $ 7,188.59 Pd Fed Taxes 03/18/98 Fed WH/Fica/Medicare 7,513.58 Pd Fed Taxes 03/25/98 Fed WH/Fica/Medicare 7,319.78 Pd Fed Taxes 04/01/98 Fed WH/Fica/Medicare 7,652.45 Pd FUTA 04/30/98 Fed unemployment tax 999.14 IN WH 04/15/98 IN WH 367.36 MD WH 04/15/98 MD WH 42.66 MI WH 04/15/98 MI WH 61.60 MN WH 04/15/98 MN WH 86.32 NE WH 04/15/98 NE WH 1,256.56 FL SUTA 04/30/98 FL unemployment 3,581.54 IN SUTA 04/30/98 IN unemployment 189.01 MD SUTA 04/30/98 MD unemployment 21.23 MI SUTA 04/30/98 MI unemployment 29.08 MN SUTA 04/30/98 MN unemployment 116.37 NE SUTA 04/30/98 NE unemployment 1,236.81 WA SUTA 04/30/98 WA unemployment 187.39 ATTACHMENT 7 SUMMARY OF PERSONNEL & INSURANCE COVERAGES Name of Debtor: Digital Products Corporation Case #97-21987 BKC - RBR Report Period Beginning: 3/1/98 and Ending 3/31/98 Report all compensation received during the month. Do not include reimbursement for expenses incurred for which you have receipts. Name of Officer: Title Amount Paid Travel Adv. Richard Angulo Pres/COO $ 14,769.20 $ - Michael Luther CEO/Chairman 9,230.80 - Bryan Brown CFO/Secy 6,153.84 - PERSONNEL REPORT Full Time Part Time Number of employees at beginning of period 24 2 Number hired during the period 2 - Number converted to full time - - Number terminated during the period - - Number of employees on payroll at the end of period 26 2 CONFIRMATION OF INSURANCE List all policies of insurance in effect, including but not limited to workers' compensation, liability, fire, theft, comprehensive, vehicle, health & life.
Carrier Agent & Phone# Policy # Coverage Expiration Date Type Date Premium Due Riscorp of FL Alexander & Alex 12924 WC 4/1/98 4/2/98 305-279-7870 Reliance Stand. Mahoney & Asso. LTD097814 LTD 8/1/98 4/2/98 Life Insurance 954-763-7971 Gotham Ins. Seitlin Ins. MM014842LP296 Comp. Gen'l 6/1/98 paid 305-591-0090 Liability Nat'l Union Fire Seitlin Ins. BE9327676 Umbrella 6/1/98 paid Ins. Co. of Pitt. 305-591-0090 Liability Pacific Ins. Co. Seitlin Ins. ZG0008872 Property 5/1/98 paid 305-591-0090 Fidelity & Dep. Seitlin Ins. CCP0033867 Crime 5/1/98 paid 305-591-0090 Mutual of Midwest Emp. Ben. 266 MBPT Health & Omaha Dental 10/1/98 4/2/98
ATTACHMENT 8 SIGNIFICANT DEVELOPMENTS DURING REPORTING PERIOD The Company filed its Third Plan of Reorganization and Disclosure Statement on April 7, 1998. -----END PRIVACY-ENHANCED MESSAGE-----