-----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, WWEBHZ6f4zdhmzf0XcR2CqxhMpV897Hs0SoHjt/BZcafsLsKhf8qb1TzDqvBkqjM CPFECMWruEINPjyo7mntiQ== 0000943440-97-000081.txt : 19971208 0000943440-97-000081.hdr.sgml : 19971208 ACCESSION NUMBER: 0000943440-97-000081 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19971125 ITEM INFORMATION: FILED AS OF DATE: 19971205 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: 97732928 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 November 25, 1997 (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 October was filed with the Bankruptcy Court on November 25, 1997. 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 10/1/97 TO 10/31/97 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: 10/1/97 and Ending: 10/31/97 Name of Debtor: Digital Products Corporation Case Number 97-21987 BKC RBR Date of Petition: 4/3/97
Current Cumulative Month Petition to Date 1. Cash at Beginning of Period $ 38,426.73 $ 60,846.09 2. Receipts: A. Cash Sales - - Less: Cash Refunds - - Net Cash Sales - - B. Collections on Post Petition A/R 295,256.95 1,104,713.90 C. Collections on Pre Petition A/R 21,145.07 382,998.55 D. Other Receipts 236.00 50,086.29 3. TOTAL RECEIPTS 316,638.02 1,537,798.74 4. TOTAL CASH AVAILABLE FOR OPERATIONS (Line 1 + Line 3) 355,064.75 1,598,644.83 5. DISBURSEMENTS A. U.S. Trustee Quarterly Fees 3,750.00 7,500.00 B. Net Payroll 64,950.09 374,877.47 C. Payroll Taxes Paid 31,542.89 166,182.50 D. Sales and Use Taxes - - E. Other Taxes 606.23 1,259.46 F. Rent 6,000.00 40,084.71 G. Other Leases 10,650.73 36,420.65 H. Telephone 34,307.20 172,246.29 I. Utilities - - J. Travel & Entertainment 12,912.70 68,285.27 K. Vehicle Expenses - - L. Office Supplies 2,064.58 10,283.88 M. Advertising 3,625.00 13,850.57 N. Insurance (Attachment 7) 7,094.73 78,519.90 O. Purchases of Fixed Assets 1,515.00 47,853.24 P. Purchases of Inventory 38,403.69 131,126.23 Q. Manufacturing Supplies - - R. Repairs and Maintenance 317.33 1,242.65 S. Payments to Secured Creditors - - T. Other Operating Expenses 74,745.37 386,332.80 (Attach List) 6. TOTAL CASH DISBURSEMENTS 292,485.54 1,536,065.62 7. ENDING CASH BALANCE (LINE 4 - LINE 6) $ 62,579.21 $ 62,579.21
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 20 day of November 1997. Monthly Financial Report for Business Period Beginning: 10/1/97 and Ending: 10/31/97 Name of Debtor: Digital Products Corporation Case Number: 97-21987-BKC-RBR Date of Petition: 4/3/97
OTHER RECEIPTS Current Cumulative Month to Date IL Unemployment Refund - 701.08 Employees Shipping - 22.25 AT&T Refund - 172.98 Various Misc Income - 1,197.38 Genesee County Payment in Error - 1,622.00 COD Supplies/Other 236.00 2,217.37 EMS Cash Advance - 24,900.00 APT Refund deposit - 10,000.00 Various Tax refunds - 257.51 State of Utah Receipt in error - 4,750.20 Void Checks - 245.52 Nasdaq Refund - 4,000.00 $ 236.00 $ 50,086.29
Monthly Financial Report for Business Period Beginning: 10/1/97 and Ending: 10/31/97 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 Charge Service Charges 16.96 148.28 Barnett Bank Bank Charge Wire Transfer Fees - 75.00 Operating Acc Bank Charge Service Charges 65.33 454.04 Payroll Account Bank Charges Service Charges 20.49 131.52 Kinko's Copies for Tracking - 654.67 Postage Next Day Mailing - 56.75 Subcontractors Installers 2,975.45 20,409.51 Corporate License Fees - 330.00 Computer Programmer 5,875.00 29,325.48 Subcontractors Labor 18,394.39 59,447.14 Freight 9,999.10 47,334.30 Transfer Agent/Other 3,429.44 25,182.25 Patent Renewals 1,650.00 12,025.00 Refund (ck Rec in Error) - 6,362.20 Advance Payment Repayment - 24,900.00 Various Medical Claims - 1,835.88 Subcontractors Computer Supplies - 498.18 S. Kapila Interim CFO - 10,469.05 L. Martin Commission - 1,000.00 T. Snellings Commission - 2,500.00 Various Network Support - 5,634.33 Various Move Expense - 7,006.60 SGSG Advance - 17,820.67 Competatech/Others Training 206.25 1,156.45 Employees Mileage - 168.44 Employees 125s Reimbursement - 2,588.00 Corporate Systems CCSN Deposit 31,612.96 61,612.96 Mike Luther Expense Advance - 6,206.10 USCF Fees 500.00 500.00 Various Deposits - 40,500.00 Total $ 74,745.37 $386,332.80
ATTACHMENT 1 MONTHLY ACCOUNTS RECEIVABLE AGING AND RECONCILIATION Name of Debtor: Digital Products Corporation Case Number: 97-21987 BKC RBR Reporting Period Beginning: 10/1/97 and Ending: 10/31/97 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 $ 574,750.53 Plus: Current Month New Billings 309,972.40 Less: Collections during the Month 316,402.02 End of Month Balance $ 568,320.91 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 $240,995.86 151,936.97 97,224.78 78,163.30 $568,320.91 ATTACHMENT 2 MONTHLY ACCOUNTS PAYABLE AND SECURED PAYMENTS REPORT Name of Debtor: Digital Products Corporation Case # 97-21987 BKC-RBR Reporting Period Beginning 10/1/97 and Ending 10/31/97 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 26-Oct-97 5 Victor Flores Programming 1,937.50 31-Oct-97 1 United Parcel Service Freight 4,537.01 25-Oct-97 6 Liberty Court Travel Airfare 383.00 29-Oct-97 2 Industrial Assembly Straps 2,382.00 31-Oct-97 1 Pagenet Pagers 233.29 31-Oct-97 1 American Design Subcontract 4,691.05 31-Oct-97 1 F Garner & A Laporte Installer (subcontractor) 987.48 30-Oct-97 2 Charles Nora Subcontract & Expense 1,040.95 25-Oct-97 6 Corporate Systems Group Network Support 2,250.00 31-Oct-97 1 Various employees Expense reimburse 2,800.65 25-Oct-97 6 US West Telephone 1,110.37 20-Oct-97 11 Rhino Technologies Subcontract 1,407.00 31-Oct-97 1 Carnotel Phone service 1,873.74 $25,784.04
ACCOUNTS PAYABLE RECONCILIATION (Post Petition Only): Opening Balance (total from prior report) $ 22,318.21 Plus: New Indebtedness Incurred This Month 25,634.04 Less: Amount Paid on Prior Accounts Payable 22,168.21 End of Month Balance $ 25,784.04 Secured: List the status of Payments to Secured Creditors and Lessors (Post Petition Only) Number Total of Post Amount of Secured Date 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 10/1/97 and Ending 10/31/97 INVENTORY REPORT INVENTORY BALANCE AT PETITION DATE: $148,780.63 INVENTORY RECONCILIATION: Inventory Balance at Beginning of Month $ 5,515.83 Inventory Purchased during Month 38,403.69 Inventory Used or Sold 31,356.68 Inventory on Hand at End of Month $ 12,562.84 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 $842,927.91 Less: Depreciation Expense 34,963.00 Plus: New Purchases 1,515.00 Ending Monthly Balance $809,479.91 BRIEF DESCRIPTION OF FIXED ASSETS PURCHASED OR DISPOSED OF DURING THE REPORTING PERIOD: Computer $1,515.00 ATTACHMENT 4 MONTHLY BANK RECONCILIATIONS DEBTOR: Digital Products Corporation Case # 97 21987 BKC-RBR Report Period Beginning: 10/1/97 Ending: 10/31/97 BANK: Comerica Bank & Trust BRANCH: Boca Raton ACCT NAME: Digital Products Corporation ACCT NUMBER: 1811006533 PURPOSE OF ACCOUNT: Operating Account Beginning Balance $ 37,567.66 Total of Deposits Made 316,638.02 Total Amount of Checks/Wires 197,889.78 Service Charges 65.33 Transfers to Other Accounts 94,221.76 Closing Balance $ 62,028.81 Number of First Check Written This Period 1470 Number of Last Check Written This Period 1561 Total Number of Checks Written This Period 88 Total Number of Wire Transfers 1 Voided Checks This Period 3 Total 92 BANK: Comerica Bank & Trust BRANCH: Boca Raton ACCT NAME: Digital Products Corporation ACCT NUMBER: 1811006541 PURPOSE OF ACCOUNT: Payroll Account Beginning Balance $ 360.30 Total of Deposits Made 62,959.95 Transfers in Total Amount of Checks Written 62,653.26 Service Charges Payroll Depot 296.83 Service Charges 20.49 Transfers to Other Accounts 0.00 Closing Balance $ 349.67 Number of First Check Written This Period 459 Number of Last Check Written This Period 515 Total Number of Checks Written This Period 58 Plus Manual Checks 0 Total 58 Plus Direct Deposits 60 Items Total 118 Items ATTACHMENT 4 MONTHLY BANK RECONCILIATION DEBTOR: Digital Products Corporation Case # 97 21987 BKC-RBR Report Period Beginning: 10/1/97 Ending: 10/31/97 BANK: Comerica Bank & Trust BRANCH: Boca Raton ACCT NAME: Digital Products Corporation ACCT NUMBER: 1811006558 PURPOSE OF ACCOUNT: Tax Account Beginning Balance $ 498.77 Total of Deposits Made 31,261.81 Transfers in Total Amount of Checks Written 31,542.89 Transfers out Service Charges 16.96 Transfers to Other Accounts 0.00 Closing Balance $ 200.73 ATTACHMENT 5 CHECK REGISTER DEBTOR: Digital Products Corporation Case # 97-21987 BKC-RBR Report Period Beginning: 10/1/97 And Ending: 10/31/97 NAME OF BANK: Comerica Bank & Trust ACCOUNT NAME: Digital Products Corporation ACCOUNT #: 1811006533 PURPOSE OF ACCOUNT: Operating Account
Date Check # Payee Purpose Amount 10/2/97 1470 Telnet Data Group Inventory $ 66.25 10/6/97 1471 Rhino Technologies Subcontractors 666.00 10/1/97 1472 United Parcel Service Freight 2,762.72 10/1/97 1473 AFCO Insurance 5,911.29 10/1/97 1474 US Postmaster Postage 96.00 10/1/97 1475 Competatech, Inc. Training 206.25 10/1/97 1476 Charles P Nora Consulting 769.23 10/1/97 1477 United Parcel Service Freight 1,461.21 10/1/97 1478 Stor & Lock Storage 1,142.00 10/1/97 1479 American Stock Trans Transfer fees 1,600.00 10/2/97 1480 KBS, Inc Rent 5,000.00 10/2/97 1481 Charles P Nora Travel Expenses 823.27 10/2/97 1482 Pitney Bowes Supplies 13.54 10/2/97 1483 Jeffrey Serbin Inventory/Supplies 873.14 10/2/97 1484 Riscorp of Florida Workcomp 1,098.88 10/2/97 1485 Telogy Equipment Rent 131.44 10/2/97 1486 PaineWebber Mailing 76.44 10/2/97 1487 Reliance Standard Life Insurance 62.40 10/2/97 1488 Liberty Court Travel 1,079.00 10/3/97 1489 Bryan Brown Travel Expenses 46.94 10/3/97 1490 Victor Flores Programming 2,050.00 10/3/97 1491 American Design Co Subcontract 4,241.85 10/6/97 1492 Data Duplicating Corp. Freight 48.50 10/6/97 1493 Dadan Packaging Boxes 1,058.00 10/6/97 1494 Industrial Assembly Strap Kits 2,382.00 10/6/97 1495 Corporate Systems Group Software 116.60 10/6/97 1496 Telnet Data Group Inventory 47.00 10/6/97 1497 Advanced Pro. Tech. Rent 3,212.48 10/7/97 1498 Comp USA Printer Repairs 317.33 10/7/97 1499 Frank Garner Installer 375.00 10/7/97 1500 Albani Laporte III Installer 543.54 10/7/97 1501 Electronic Filings, Inc. Edgar filing 153.00 10/7/97 1502 LCI International Telephone 15,546.61 10/7/97 1503 Rhino Technologies Subcontractor 360.00 10/8/97 1504 Renata Batteries Batteries 2,911.81 10/8/97 1505 Dale Conrad Travel Expenses 5,439.48 10/9/97 1506 AT&T Credit Phone rent 6,107.76 10/9/97 1507 United Parcel Service Freight 23.00 10/9/97 1508 PageNet Pagers 233.29 10/9/97 1509 Virginia Riscorp Workcomp 22.16 10/9/97 1510 Telnet Data Group Inventory 1,777.75
ATTACHMENT 5 CHECK REGISTER DEBTOR: Digital Products Corporation Case # 97-21987 BKC-RBR Report Period Beginning: 10/1/97 And Ending: 10/31/97 NAME OF BANK: Comerica Bank & Trust ACCOUNT NAME: Digital Products Corporation ACCOUNT #: 1811006533 PURPOSE OF ACCOUNT: Operating Account
Date Check # Payee Purpose Amount 10/9/97 1511 LEP Profit Freight $ 240.00 10/10/97 1512 AT&T Telephone 88.07 10/10/97 1513 American Design Contract Labor 2,938.86 10/10/97 1514 United Parcel Service Freight 1,299.65 10/10/97 1515 US West Telephone 917.70 10/13/97 1516 Access 2000 Computer System 12,313.00 10/9/97 1517 USCF Loan Fees 500.00 1518 void - 10/14/97 1519 Richard Angulo Expenses 3,462.74 10/15/97 1520 Industrial Assembly Strap Kits 2,382.00 1521 void - 10/15/97 1522 Industrial Assembly Strap Kits 2,382.00 10/16/97 1523 Dale Conrad Travel Expenses 2,020.05 10/17/97 1524 Telogy Equipment Rent 57.05 10/17/97 1525 Rhino Technologies Subcontract 756.00 10/17/97 1526 Charles P Nora Consulting 730.00 10/17/97 1527 Telnet Data Group Inventory 2,867.00 10/20/97 1528 United Airlines Travel 1,435.67 10/20/97 1529 LCI International Telephone 13,320.26 10/20/97 1530 TCG Telephone 2,304.31 10/20/97 1531 United Parcel Service Freight 675.68 10/20/97 1532 Charles P Nora Travel 621.08 10/20/97 1533 Bryan Brown Travel 588.21 10/20/97 1534 American Design Co. Inc Subcontract 2,712.75 1535 void - 1536 open - 10/30/97 1537 PennWell Media Online Website Hosting 2,500.00 10/20/97 1538 Ken Virgillito Travel Expenses 825.64 10/20/97 1539 Albani Laporte III Installer 601.91 10/20/97 1540 Frank Garner Installer 325.00 10/20/97 1541 Dan Farley Installer 1,130.00 10/20/97 1542 Liberty Court Travel Travel 670.59 10/22/97 1543 Midwest Financial Airfare 576.10 10/22/97 1544 Holland & Knight Patent 1,650.00 10/22/97 1545 American Stock Transfer Transfer Fees 1,600.00 10/22/97 1546 Charles P Nora Consulting 380.00 10/22/97 1547 Memcon Advance SGSG 1,000.00 10/22/97 1548 Mike Luther Salary Advance 2,000.00 10/24/97 1549 Rhino Technologies Subcontractor 1,128.00 10/23/97 1550 Victor Flores Programming 3,825.00 10/24/97 1551 Telnet Data Group Inventory 4,304.00 10/27/97 1552 American Design Co. Subcontractor 2,931.70 10/30/97 1553 CA Board of Equal. Sales tax 545.00 10/30/97 1554 Annie Angulo Expense Reimburse 343.74 10/30/97 1555 Richard Angulo Expense Reimburse 1,684.24
ATTACHMENT 5 CHECK REGISTER DEBTOR: Digital Products Corporation Case # 97-21987 BKC-RBR Report Period Beginning: 10/1/97 And Ending: 10/31/97 NAME OF BANK: Comerica Bank & Trust ACCOUNT NAME: Digital Products Corporation ACCOUNT #: 1811006533 PURPOSE OF ACCOUNT: Operating Account
Date Check # Payee Purpose Amount 10/30/97 1556 US Trustee Quarterly Fee $ 3,750.00 10/30/97 1557 Renata Batteries Batteries 3,025.20 10/30/97 1558 Telnet Data Group Inventory 2,310.00 10/30/97 1559 Jacque C Williams Shasta County tax 61.23 10/30/97 1560 Charles P Nora Consulting 780.00 10/30/97 cashier Corporate Systems Group Computer System 31,612.96 10/31/97 1561 Triple S Transportation Freight 2,864.23 $197,889.78
ATTACHMENT 5 CHECK REGISTER DEBTOR: Digital Product Corporation Case #: 97-21987 BKC-RBR Report Period Beginning: 10/1/97 and Ending: 10/31/97 NAME OF BANK: Comerica Bank & Trust ACCOUNT NAME: Digital Products ACCOUNT #: 1811005541 PURPOSE OF ACCOUNT: Payroll Account
Date Check # Payee Purpose Amount 10/3/97 459-468+12 direct dep Employees Payroll $12,483.76 10/10/97 469-479+12 direct dep Employees Payroll 12,315.96 10/17/97 480-490+12 direct dep Employees Payroll 12,268.75 10/24/97 491-502+12 direct dep Employees Payroll 12,753.08 10/31/97 503-515+12 direct dep Employees Payroll 12,831.71 Sub Total Payroll Depot 62,653.26 October Payroll Depot Serv. Chg. 296.83 Grand Total $62,950.09
ATTACHMENT 5 CHECK REGISTER DEBTOR: Digital Products Corporation Case # 97-21987 BKC - RBR Report Period Beginning: 10/1/97 and Ending: 10/31/97 NAME OF BANK: Comerica Bank & Trust ACCOUNT NAME: Digital Products Corporation ACCOUNT #: 1811006558 PURPOSE OF ACCOUNT: Tax Account
Date Check # Payee Purpose Amount 10/2/97 transfer Payroll Depot payroll taxes $ 6,756.45 10/9/97 transfer Payroll Depot payroll taxes 5,420.84 10/17/97 transfer Payroll Depot payroll taxes 5,335.55 10/23/97 transfer Payroll Depot payroll taxes 5,586.25 10/30/97 transfer Payroll Depot payroll taxes 8,162.72 $31,261.81
ATTACHMENT 6a Monthly Tax Report DEBTOR: Digital Products Corporation Case # 97-21987 BKC - RBR Reporting Period Beginning: 10/1/97 and Ending: 10/31/97 TAXES PAID and ACCRUED DURING MONTH Date Bank Description Amount 10/3/97 Comerica Bank FED WH $ 3,220.57 FICA 2,281.32 MEDICARE 587.05 FUTA 11.17 IN WH 62.77 NE WH 507.46 VA WH 28.18 FL SUTA 25.70 NE SUTA 32.20 $6,756.45 10/10/97 Comerica Bank FED WH $2,661.24 FICA 1,819.99 MEDICARE 479.15 FUTA 11.37 IN WH 62.77 NE WH 298.85 VA WH 28.18 FL SUTA 27.09 NE SUTA 32.20 $5,420.84 10/17/97 Comerica Bank FED WH $2,588.28 FICA 1,803.93 MEDICARE 475.49 FUTA 12.33 IN WH 62.77 NE WH 298.85 VA WH 28.18 FL SUTA 33.52 NE SUTA 32.20 $5,335.55 10/24/97 Comerica Bank FED WH $2,718.17 FICA 1,886.40 MEDICARE 494.72 FUTA 14.79 IN WH 62.77 NE WH 298.85 VA WH 28.18 FL SUTA 50.17 NE SUTA 32.20 $5,586.25 ATTACHMENT 6a Monthly Tax Report DEBTOR: Digital Products Corporation Case #97-21987 BKC - RBR Reporting Period Beginning: 10/1/97 and Ending: 10/31/97 TAXES PAID and ACCRUED DURING MONTH Date Bank Description Amount 10/31/97 Comerica Bank FED WH $4,208.91 FICA 2,591.41 MEDICARE 659.60 FUTA 10.77 IN WH 62.77 NE WH 298.85 VA WH 265.68 FL SUTA 50.03 NE SUTA 14.70 $8,162.72 TOTAL $31,261.81 ATTACHMENT 6b DEBTOR: Digital Products Corporation Case #97-21987 BKC - RBR Report Period Beginning: 10/1/97 and Ending: 10/31/97 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 10/31/97. Period: 2nd Quarter returns
Name of Taxing Date Payment Description Amount Authority Due Fed Taxes 10/08/97 Fed WH/Fica/Medicare $6,088.97 Pd Fed Taxes 10/16/97 Fed WH/Fica/Medicare 4,960.38 Pd Fed Taxes 10/22/97 Fed WH/Fica/Medicare 4,867.70 Pd Fed Taxes 10/29/97 Fed WH/Fica/Medicare 5,099.29 Pd Fed Taxes 11/05/97 Fed WH/Fica/Medicare 7,459.92 Pd FUTA 01/31/98 Fed unemployment tax 60.43 IN WH 01/31/98 IN WH 313.85 NE WH 01/31/98 NE WH 1,702.86 VA WH 01/31/98 VA WH 378.40 FL SUTA 01/31/98 FL unemployment 186.51 NE SUTA 01/31/98 NE unemployment 143.50
ATTACHMENT 7 SUMMARY OF PERSONNEL & INSURANCE COVERAGES Name of Debtor: Digital Products Corporation Case #97-21987 BKC - RBR Report Period Beginning: 10/1/97 and Ending 10/31/97 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 $ 9,230.75 - Michael Luther CEO/Chairman 11,538.50 - Bryan Brown CFO/Secy 7,692.30 - PERSONNEL REPORT Full Time Part Time Number of employees at beginning of period 21 2 Number hired during the period 3 - Number converted to full time - - Number terminated during the period 1 - Number of employees on payroll at the end of period 22 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 11/2/97 305-279-7870 VA Riscorp Dade Underwriters 40076 WC 3/1/98 11/2/97 954-462-1304 Reliance Stand. Mahoney & Asso. MLTD097814 LTD 8/1/97 11/2/97 Life Insurance 954-763-7971 Gotham Ins. Seitlin Ins. MM014842LP296 Comp. Gen'l 6/1/98 11/1/97 305-591-0090 Liability Nat'l Union Fire Seitlin Ins. BE9327676 Umbrella 6/1/98 11/1/97 Ins. Co. of Pitt. 305-591-0090 Liability Pacific Ins. Co. Seitlin Ins. ZG0008872 Property 5/1/98 11/1/97 305-591-0090 Fidelity & Dep. Seitlin Ins. CCP0033867 Crime 5/1/98 11/1/97 305-591-0090 Mutual of Midwest Emp. Ben. 266 MBPT Health & Dental 10/1/98 11/1/97 Omaha
ATTACHMENT 8 SIGNIFICANT DEVELOPMENTS DURING REPORTING PERIOD The Company filed its Plan of Reorganization and Disclosure Statement on June 16, 1997. -----END PRIVACY-ENHANCED MESSAGE-----