-----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, GyZ2iF2/3VP++517bdWpFoP8AiKuzpBCgL9+K1tk/uvWK/3jupb40NZyOHTxjKVD D5fGKq7VYsvcmn3mfXvhWA== 0000943440-98-000012.txt : 19980326 0000943440-98-000012.hdr.sgml : 19980326 ACCESSION NUMBER: 0000943440-98-000012 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19980316 ITEM INFORMATION: FILED AS OF DATE: 19980325 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: 98572572 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 March 16, 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 February was filed with the Bankruptcy Court on March 16, 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 2/1/98 TO 2/28/98 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: 2/1/98 and Ending: 2/28/98 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 $ 23,156.28 $ 60,846.09 2. Receipts: A. Cash Sales - - Less: Cash Refunds - - Net Cash Sales - - B. Collections on Post Petition A/R 186,716.27 2,145,122.92 C. Collections on Pre Petition A/R - 382,998.55 D. Other Receipts 8,850.00 59,076.29 3. TOTAL RECEIPTS 195,566.27 2,587,197.76 4. TOTAL CASH AVAILABLE FOR OPERATIONS (Line 1 + Line 3) 218,722.55 2,648,043.85 5. DISBURSEMENTS A. U.S. Trustee Quarterly Fees - 7,500.00 B. Net Payroll 64,092.80 633,659.31 C. Payroll Taxes Paid 32,288.09 289,813.32 D. Sales and Use Taxes - - E. Other Taxes - 10,190.85 F. Rent 5,000.00 63,084.71 G. Other Leases 1,908.34 72,237.16 H. Telephone 2,687.00 238,194.48 I. Utilities - - J. Travel & Entertainment 14,231.63 148,721.19 K. Vehicle Expenses - - L. Office Supplies 3,033.79 20,656.03 M. Advertising - 13,850.57 N. Insurance (Attachment 7) 4,700.82 113,743.47 O. Purchases of Fixed Assets - 63,324.62 P. Purchases of Inventory 17,737.39 353,902.05 Q. Manufacturing supplies - - R. Repairs and Maintenance - 1,559.21 S. Payments to Secured Creditors - - T. Other Operating Expenses 47,007.63 591,571.82 (Attach List) 6. TOTAL CASH DISBURSEMENTS 192,687.49 2,622,008.79 7. ENDING CASH BALANCE (LINE 4 - LINE 6) $ 26,035.06 $ 26,035.06
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 13th day of March 1998. ____________________ Monthly Financial Report for Business For the Period Beginning: 2/1/98 and Ending: 2/28/98 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 - 2,357.37 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 Judy Sundberg Advance 8,850.00 - $8,850.00 $59,076.29
Monthly Financial Report for Business For the Period Beginning: 2/1/98 and Ending: 2/28/98 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 Acct Bank Charge Service Charges 67.46 255.96 Barnett Bank Bank Charge Wire Transfer Fees - 75.00 Operating Acct Bank Charge Service Charges 242.21 984.28 Payroll Acct Bank Charges Service Charges 17.80 188.86 Kinko's Copies for Tracking - 654.67 Postage Next Day Mailing - 56.75 Subcontractors Installers 1,784.70 27,880.38 Corporate License Fees - 330.00 Computer Programmer 1,525.00 41,237.98 Subcontractors Labor 33,171.74 148,488.62 Freight 3,030.46 73,924.82 Transfer Agent/Other 171.00 29,075.25 Patent Renewals - 13,289.00 Refund (ck Rec in Error) - 6,362.20 Advance Payment Repayment - 24,900.00 Various Medical Claims 616.00 2,451.88 Subcontractors Computer Supplies - 498.18 S. Kapila Interim CFO - 10,469.05 L. Martin Commission - 1,000.00 T. Snellings Consult/Comm 4,583.32 18,979.15 Various Network Support - 10,534.33 Various Move Expense - 7,006.60 SGSG Advance - 18,786.09 Competatech/Others Training 447.94 2,729.39 Employees Mileage - 168.44 Employees 125s Reimbursement - 2,588.00 Corporate Systems CCSN Deposit - 61,612.96 Mike Luther Expense Advance 1,350.00 12,556.10 Peggy Conway Expense Advance - 2,000.00 USCF Fees - 500.00 Various Deposits - 40,500.00 EMS Commission - 2,843.25 Bank of Kaukauna Utah lease - 15,044.63 Argentina Consultants consulting __________ 13,600.00 Total $ 47,007.63 591,571.82
ATTACHMENT 1 MONTHLY ACCOUNTS RECEIVABLE AGING AND RECONCILIATION Name of Debtor: Digital Products Corporation Case Number: 97-21987 BKC RBR Reporting Period Beginning: 2/1/98 and Ending: 2/28/98 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 $ 611,371.82 Plus: Current Month New Billings 272,530.64 Less: Collections during the Month 186,716.27 End of Month Balance $ 697,186.19 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 $265,234.50 100,859.96 51,372.68 95,146.76 $512,613.90 ATTACHMENT 2 MONTHLY ACCOUNTS PAYABLE AND SECURED PAYMENTS REPORT Name of Debtor: Digital Products Corporation Case Number: 97-21987 BKC RBR Reporting Period Beginning: 2/1/98 and Ending: 2/28/98 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 9-Feb-98 19 Constant Elec. Serv. Wiring 116.50 28-Feb-98 1 Competatech Training 168.75 16-Feb-98 12 Stock Elec. Freight 224.28 26-Feb-98 2 Carl Marjolis Consulting 693.75 2-Feb-98 26 AT&T Phones 3,053.88 28-Feb-98 1 TCG Telephone 2,308.25 23-Feb-98 5 LCI Long Distance 593.96 3-Feb-98 25 LCI Long Distance 14,502.58 11-Feb-98 17 American Design Contract Labor 3,132.17 18-Feb-98 10 American Design Contract Labor 3,133.61 25-Feb-98 3 American Design Contract Labor 3,072.43 2-Feb-98 26 xiNETix Contract Labor 6,287.87 7-Feb-98 21 United Parcel Service Freight 550.84 14-Feb-98 14 United Parcel Service Freight 785.53 21-Feb-98 7 United Parcel Service Freight 649.53 28-Feb-98 1 United Parcel Service Freight 2,769.24 27-Feb-98 2 Accounting Resources Contract Labor 690.31 25-Feb-98 3 Liberty Court Travel Airfare 6,173.28 15-Feb-98 13 Frank Garner Installer 265.00 15-Feb-98 13 Albani LaPorte Installer 393.23 15-Feb-98 13 Triple S Trans. Freight 2,140.17 28-Feb-98 1 Frank Garner Installer 275.00 28-Feb-98 1 Albani Laporte Installer 240.82 28-Feb-98 1 Employees Reimburse Exp. 10,964.30 $ 63,335.28
ACCOUNTS PAYABLE RECONCILIATION (Post Petition Only): Opening Balance (total from prior report $ 6,708.57 Plus: New Indebtedness Incurred This Month 3,185.28 Less: Amount Paid on Prior Accounts Payable 6,558.57 End of Month Balance $63,335.28 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 Number: 97-21987 BKC RBR Reporting Period Beginning: 2/1/98 and Ending: 2/28/98 INVENTORY REPORT INVENTORY BALANCE AT PETITION DATE: $148,780.63 INVENTORY RECONCILIATION: Inventory Balance at Beginning of Month $142,801.55 Inventory Purchased during Month 17,737.39 Inventory Used or Sold 25,631.25 Inventory on Hand at End of Month $134,907.69 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 $720,062.29 Less: Depreciation Expense 34,963.00 Plus: New Purchases ___________ Ending Monthly Balance $685,099.29 BRIEF DESCRIPTION OF FIXED ASSETS PURCHASED OR DISPOSED OF DURING THE REPORTING PERIOD: ATTACHMENT 4 MONTHLY BANK RECONCILIATIONS Name of Debtor: Digital Products Corporation Case Number: 97-21987 BKC RBR Reporting Period Beginning: 2/1/98 and Ending: 2/28/98 BANK: Comerica Bank & Trust BRANCH: Boca Raton ACCT NAME: Digital Products Corporation ACCT NUMBER: 1811006533 PURPOSE OF ACCOUNT: Operating Account Beginning Balance $ 22,662.38 Total of Deposits Made 195,566.27 Total Amount of Checks/Wires 95,979.13 Service Charges 242.21 Transfers to Other Accounts 96,491.24 Closing Balance $ 25,516.07 Number of First Check Written This Period 1831 Number of Last Check Written This Period 1908 Total Number of Checks Written This Period 74 Total Number of Wire Transfers 4 Voided Checks This Period 4 Total 82 BANK: Comerica Bank & Trust BRANCH: Boca Raton ACCT NAME: Digital Products Corporation ACCT NUMBER: 1811006541 PURPOSE OF ACCOUNT: Payroll Account Beginning Balance $ 310.13 Total of Deposits Made 64,203.15 Transfers in Total Amount of Checks Written 63,795.20 Service Charges Payroll Depot 297.60 Service Charges 17.80 Transfers to Other Accounts 0.00 Closing Balance $ 402.68 Number of First Check Written This Period 670 Number of Last Check Written This Period 719 Total Number of Checks Written This Period 50 Plus Manual Checks 0 Total 50 Plus Direct Deposits 56 Items Total 106 Items ATTACHMENT 4 MONTHLY BANK RECONCILIATION Name of Debtor: Digital Products Corporation Case Number: 97-21987 BKC RBR Reporting Period Beginning: 2/1/98 and Ending: 2/28/98 BANK: Comerica Bank & Trust BRANCH: Boca Raton ACCT NAME: Digital Products Corporation ACCT NUMBER: 1811006558 PURPOSE OF ACCOUNT: Tax Account Beginning Balance $ 183.77 Total of Deposits Made 32,288.09 Transfers in Total Amount of Checks Written 32,288.09 Transfers out Service Charges 67.46 Transfers to Other Accounts 0.00 Closing Balance $ 116.31 ATTACHMENT 5 CHECK REGISTER Name of Debtor: Digital Products Corporation Case Number: 97-21987 BKC RBR Reporting Period Beginning: 2/1/98 and Ending: 2/28/98 BANK: Comerica Bank & Trust BRANCH: Boca Raton ACCT NAME: Digital Products Corporation ACCOUNT #: 1811006533 PURPOSE OF ACCOUNT: Operating Account
Date Check # Payee Purpose Amount 2/2/98 1831 Travis Snellings Consulting/Expenses 1,306.64 1832 Void 2/2/98 wire Dale Conrad Inventory HMU-4's 5,202.24 2/3/98 1833 Dadan Packaging Boxes 1,058.00 2/3/98 1834 Dadan Packaging Boxes 83.95 1835 Void 1836 Void 2/3/98 1837 Frank Garner Installer 300.00 2/3/98 1838 Dan Farley Installer 285.00 2/3/98 1839 Albani Laporte Installer 974.70 2/3/98 1840 Colleen McCoy Office Supplies 259.78 2/3/98 1841 US West Telephone 2,271.63 2/3/98 1842 Self Storage Offsite Storage 1,142.00 2/3/98 1843 American Design Contract Labor 2,175.40 2/1/98 1844 Trammel Crow Travel 939.00 2/3/98 1845 Liberty Court Travel Airfare 3,090.04 2/3/98 1846 Frank Garner Installer 225.00 2/3/98 1847 Annette Chandler Supplies 24.99 2/3/98 1848 The Packaging Store Freight 451.00 2/4/98 1849 US Postmaster Postage 96.00 2/5/98 1850 Dr George Williams Medical claim 616.00 1851 Void 2/6/98 1852 Ken Virgillito Travel expense 346.12 2/6/98 wire SMA, Inc. Consulting 12,500.00 2/6/98 1853 Office Depot Office Supplies 164.93 2/6/98 1854 Industrial Assembly Straps 2,380.00 2/6/98 1855 Telnet Data Group Repair Parts 827.50 2/6/98 1856 Marshall Industries Repair Parts 38.00 2/9/98 1857 Key Leasing Furniture Rent 500.00 2/9/98 1858 Travis Snellings Consulting/Expenses 1,225.19 2/9/98 1859 Big Sam's Lock & Safe Repairs 118.72 2/9/98 1860 Data Duplicating Corp. Shipping charges 222.25 2/9/98 1861 KBS, Inc. Rent 5,000.00 2/9/98 1862 Accounting Resources Contract labor 500.00 2/9/98 1863 Competatech Support 204.19 2/9/98 1864 Competatech Support 243.75 2/9/98 1865 General Furniture Travel 134.90 2/9/98 1866 United Parcel Service Freight 2,322.61 2/9/98 1867 Gevalia Cafe Office Supplies 31.85 2/9/98 1868 Brian Deutch Travel 702.73 2/9/98 1869 Interactive Microsys. Repair Supplies 200.00 2/9/98 1870 Reliance Stand. Ins. Employee Insurance 46.22
ATTACHMENT 5 CHECK REGISTER Name of Debtor: Digital Products Corporation Case Number: 97-21987 BKC RBR Reporting Period Beginning: 2/1/98 and Ending: 2/28/98 BANK: Comerica Bank & Trust BRANCH: Boca Raton ACCT NAME: Digital Products Corporation ACCOUNT #: 1811006533 PURPOSE OF ACCOUNT: Operating Account
Date Check # Payee Purpose Amount 2/9/98 1871 CarnoTel, Inc Telephone 74.51 2/9/98 1872 American Design Contract Labor 2,370.42 2/9/98 1873 FedEx Freight 12.00 2/9/98 1874 Riscorp of Florida Workcomp 1,009.58 2/9/98 1875 Midwest Benefit Health Insurance 3,129.02 2/9/98 1876 Charles Nora Contract Labor 1,019.70 2/9/98 1877 Peggy Conway Expenses 2,253.43 2/9/98 1878 Office Depot Supplies 67.89 2/9/98 1879 Judy Sundberg Travel 119.65 2/10/98 1880 Doug Hogmire Travel 1,286.47 2/10/98 1881 Electronic Filings SEC Filing 171.00 2/10/98 1882 Telnet Data Group Repair Parts 1,900.00 2/11/98 1883 Tele-Solutions Phone lines 65.00 2/11/98 1884 Time Ins. Co. Health Insurance 516.00 2/12/98 1885 Ken Virgillito Office Supplies 79.00 2/13/98 1886 Liberty Court Telemarketing 650.00 2/24/98 1887 Travis Snellings Consulting 1,145.83 2/24/98 wire SMA, Inc. Consulting 12,500.00 2/24/98 1888 Liberty Court Airfare 5,604.77 2/16/98 1889 Travis Snellings Consulting 1,145.83 2/16/98 1890 Sandra Umana Repairs 120.00 2/16/98 1891 Victor Flores Programming 1,525.00 2/16/98 1892 Peggy Conway Expenses 230.16 2/16/98 1893 Charles P Nora Consulting/Expenses 234.14 2/16/98 1894 Telogy Equipment Rent 131.44 2/16/98 1895 PageNet Pagers 275.86 2/16/98 1896 Acme Typewriter Repairs 50.00 2/16/98 1897 DHL Worldwide Freight 22.60 2/16/98 1898 Annette Chandler Supplies 10.60 2/16/98 1899 Penny Woods Expenses 34.07 2/17/98 1900 Industrial Assembly Straps 2,380.00 2/17/98 wire Craig Shipp Website 2,200.00 2/19/98 1901 Mike Luther Expense Advance 1,350.00 2/26/98 1902 US West Advertising 35.00 2/27/98 1903 Tom Harmon Expenses 7.75 2/27/98 1904 Dadan Packaging Boxes 520.00 2/27/98 1905 Renata Batteries Batteries 3,010.40 ATTACHMENT 5 CHECK REGISTER Name of Debtor: Digital Products Corporation Case Number: 97-21987 BKC RBR Reporting Period Beginning: 2/1/98 and Ending: 2/28/98 BANK: Comerica Bank & Trust BRANCH: Boca Raton ACCT NAME: Digital Products Corporation ACCOUNT #: 1811006533 PURPOSE OF ACCOUNT: Operating Account
Date Check # Payee Purpose Amount 2/27/98 1906 Marshall Parts 38.00 2/27/98 1907 Precision Dynamics Repair Parts 299.30 2/27/98 1908 Office Depot Supplies 174.38 Total $95,979.13 ATTACHMENT 5 CHECK REGISTER Name of Debtor: Digital Products Corporation Case Number: 97-21987 BKC RBR Reporting Period Beginning: 2/1/98 and Ending: 2/28/98 BANK: Comerica Bank & Trust BRANCH: Boca Raton ACCT NAME: Digital Products Corporation ACCOUNT #: 1811005541 PURPOSE OF ACCOUNT: Payroll Account
Date Check # Payee Purpose Amount 2/6/98 670-683+15 direct dep Employees Payroll $17,705.62 2/13/98 684-694+14 direct dep Employees Payroll 15,011.22 2/20/98 695-705+14 direct dep Employees Payroll 14,956.58 2/27/98 706-719+13 direct dep Employees Payroll 16,121.78 Sub Total Payroll 63,795.20 February Payroll Depot Serv. Chg. 297.60 Grand Total $64,092.80 ATTACHMENT 5 CHECK REGISTER Name of Debtor: Digital Products Corporation Case Number: 97-21987 BKC RBR Reporting Period Beginning: 2/1/98 and Ending: 2/28/98 BANK: Comerica Bank & Trust BRANCH: Boca Raton ACCT NAME: Digital Products Corporation ACCOUNT #: 1811006558 PURPOSE OF ACCOUNT: Tax Account Date Check # Payee Purpose Amount 2/6/98 transfer Payroll Depot payroll taxes $ 8,610.47 2/13/98 transfer Payroll Depot payroll taxes 7,790.29 2/20/98 transfer Payroll Depot payroll taxes 7,720.35 2/27/98 transfer Payroll Depot payroll taxes 8,166.98 $32,288.09 ATTACHMENT 6a Monthly Tax Report Name of Debtor: Digital Products Corporation Case Number: 97-21987 BKC RBR Reporting Period Beginning: 2/1/98 and Ending: 2/28/98
TAXES PAID and ACCRUED DURING MONTH Date Bank Description Amount 2/6/98 Comerica Bank FED WH $ 3,837.79 FICA 3,060.73 MEDICARE 715.81 FUTA 96.13 IN WH 75.69 MN WH 21.58 NE WH 314.14 FL SUTA 301.18 MN SUTA 12.93 NE SUTA 84.03 WA SUTA 90.46 $ 8,610.47 2/13/98 Comerica Bank FED WH $ 3,474.03 FICA 2,700.32 MEDICARE 631.53 FUTA 87.65 IN WH 75.69 MN WH 21.58 NE WH 314.14 FL SUTA 356.08 MN SUTA 12.93 NE SUTA 84.03 WA SUTA 32.31 $ 7,790.29 2/20/98 Comerica Bank FED WH $ 3,426.42 FICA 2,649.20 MEDICARE 619.57 FUTA 84.35 IN WH 140.29 MI WH 30.80 MN WH 21.58 NE WH 314.14 FL SUTA 290.19 MI SUTA 14.54 MN SUTA 12.93 NE SUTA 84.03 WA SUTA 32.31 $ 7,720.35 2/27/98 Comerica Bank FED WH $ 3,637.60 FICA 2,822.08 MEDICARE 659.98 FUTA 91.20 IN WH 75.69 MD WH 42.66 MI WH 30.80 MN WH 21.58 NE WH 314.14 FL SUTA 315.64 MD SUTA 21.23 MI SUTA 14.54 MN SUTA 12.93 NE SUTA 74.60 WA SUTA 32.31 $ 8,166.98 Total $32,288.09
ATTACHMENT 6b Name of Debtor: Digital Products Corporation Case Number: 97-21987 BKC RBR Reporting Period Beginning: 2/1/98 and Ending: 2/28/98 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 02/11/98 Fed WH/Fica/Medicare $7,614.33 Pd Fed Taxes 02/18/98 Fed WH/Fica/Medicare 6,805.88 Pd Fed Taxes 02/25/98 Fed WH/Fica/Medicare 6,695.19 Pd Fed Taxes 03/04/98 Fed WH/Fica/Medicare 7,119.66 Pd FUTA 04/30/98 Fed unemployment tax 999.14 IN WH 03/15/98 IN WH 367.36 MD WH 03/15/98 MD WH 42.66 MI WH 03/15/98 MI WH 61.60 MN WH 03/15/98 MN WH 86.32 NE WH 03/15/98 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 4/30/98 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 Number: 97-21987 BKC RBR Reporting Period Beginning: 2/1/98 and Ending: 2/28/98 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 1,350.00 Bryan Brown CFO/Secy 6,153.84 - PERSONNEL REPORT Full Time Part Time Number of employees at beginning of period 23 1 Number hired during the period 1 1 Number converted to full time - - Number terminated during the period - - Number of employees on payroll at the end of period 24 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 2/2/98 305-279-7870 VA Riscorp Dade Underwriters 40076 WC 3/1/98 2/2/98 954-462-1304 Reliance Stand. Mahoney & Asso. LTD097814 LTD 8/1/97 2/2/98 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 & Dental 10/1/98 2/2/98 Omaha
ATTACHMENT 8 SIGNIFICANT DEVELOPMENTS DURING REPORTING PERIOD The Company filed its Second Plan of Reorganization and Disclosure Statement on February 18, 1998. -----END PRIVACY-ENHANCED MESSAGE-----