-----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, OrbpN8OwPlXrv3W3ceeOueLPa6ekNKYTHcqkR9LZNzxHeTBUllvm0JRFH2/xw2zo 0NBFj3tFUYuVoKy1ocUIGw== 0000943440-98-000092.txt : 19980907 0000943440-98-000092.hdr.sgml : 19980907 ACCESSION NUMBER: 0000943440-98-000092 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19980827 ITEM INFORMATION: FILED AS OF DATE: 19980904 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: 98704133 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 August 27, 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 July was filed with the Bankruptcy Court on August 27, 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 7/1/98 TO 7/31/98 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: 7/1/98 and Ending: 7/31/98 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 $ 47,423.35 $ 60,846.09 2. Receipts: A. Cash Sales - - Less: Cash Refunds - - Net Cash Sales - - B. Collections on Post Petition A/R $ 254,313.25 3,363,299.45 C. Collections on Pre Petition A/R - 432,498.78 D. Other Receipts - 321,676.29 3. TOTAL RECEIPTS 254,313.25 4,117,474.52 4. TOTAL CASH AVAILABLE FOR OPERATIONS (Line 1 + Line 3) 301,736.60 4,178,320.61 5. DISBURSEMENTS A. U.S. Trustee Quarterly Fees 15,000.00 B. Net Payroll 91,423.59 1,069,109.68 C. Payroll Taxes Paid 37,986.73 480,798.64 D. Sales and Use Taxes E. Other Taxes 1,277.40 14,136.25 F. Rent 19,524.18 132,359.30 G. Other Leases 1,000.00 82,301.93 H. Telephone 42,723.41 389,446.14 I. Utilities - - J. Travel & Entertainment 7,953.69 204,338.91 K. Vehicle Expenses - - L. Office Supplies 1,418.83 37,571.40 M. Advertising 13,850.57 N. Insurance (Attachment 7) 10,035.09 157,616.92 O. Purchases of Fixed Assets 4,368.00 78,333.09 P. Purchases of Inventory 11,920.00 417,482.85 Q. Manufacturing supplies 7,981.20 27,604.67 R. Repairs and Maintenance 79.04 1,638.25 S. Payments to Secured Creditors 86,500.00 - T. Other Operating Expenses 51,742.53 990,929.10 (Attach List) 6. TOTAL CASH DISBURSEMENTS 289,367.31 4,165,951.32 7. ENDING CASH BALANCE (LINE 4 - LINE 6) $ 12,369.29 $ 12,369.29
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 27th day of August, 1998. ____________________ Monthly Financial Report for Business Period Beginning: 7/1/98 and Ending: 7/31/98 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 NASDAQ Refund - 4,000.00 Judy Sundberg Advance - 8,850.00 Synergy Media Draw on Trust Funds - 20,000.00 IMS, Inc. Reimburse Expenses - 30,000.00 Void checks 245.52 IMS, Inc. Advance 179,100.00 DPAC Advance 33,000.00 T. Snelling Advance 500.00 $ - $ 321,676.29
Monthly Financial Report for Business Period Beginning: 7/1/98 and Ending: 7/31/98 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 Acct Bank Charge Service Charges 42.51 449.48 Barnett Bank Bank Charge Wire Transfer Fees - 378.00 Operating Acct Bank Charge Service Charges 91.50 1,450.99 Payroll Acct Bank Charges Service Charges 133.86 598.84 Kinko's Copies for Tracking - 654.67 Postage Next Day Mailing - 56.75 Subcontractors Installers - 29,933.63 Corporate License Fees - 330.00 Computer Programmer - 43,475.48 Subcontractors Labor 7,570.86 270,769.91 Freight 4,969.75 116,793.93 Transfer Agent/Other - 38,875.25 Patent Renewals 8,391.00 21,680.00 Refund (ck Rec in Error) - 6,362.20 Advance Payment Repayment - 24,900.00 Various Medical Claims - 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 - 24,708.30 Various Network Support - 10,534.33 Various Move Expense 954.00 7,960.60 SGSG Advance - 18,786.09 Competatech/Others Training 3,056.91 Employees Mileage - 168.44 Employees 125s Reimbursement - 2,588.00 Corporate Systems CCSN Deposit - 61,612.96 Mike Luther Expense Reimb/Adv 5,000.00 48,556.61 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 Transfer to IMS Expense Reimburse 2,500.00 27,500.00 American Stock Transfer Legal 1,600.00 3,200.00 Holland & Knight Legal - 285.00 Judy Sundberg Advance 10,850.00 Deltec Repairs 1,663.40 Electronic Filings SEC Filing 171.00 702.00 America Online Internet 26.95 107.80 Constant Services Repairs 116.50 Argentina Consultants Consulting 13,600.00 Equipment Rentals Rentals 2,191.04
Monthly Financial Report for Business Period Beginning: 7/1/98 and Ending: 7/31/98 Name of Debtor: Digital Products Corporation Case Number: 97-21987-BKC-RBR Date of Petition: 4/3/97
OTHER OPERATING EXPENSES T. Snelling Advance Repay 2,253.48 DPAC Advance Repay 33,000.00 Disclosure Mailings Mailings 67.45 56,744.17 Thomas Deer Petty Cash 500.00 Chuck Nora Expense Advance 1,000.00 Victor Flores Expense Advance 1,000.00 Ken Virgillito Expense Advance 1,005.00 Frogs Graphics Printing 223.65 223.65 Mark Abboud Advance Repay 20,000.00 20,000.00 Total $ 51,742.53 $ 990,929.10
ATTACHMENT 1 MONTHLY ACCOUNTS RECEIVABLE AGING AND RECONCILIATION Name of Debtor: Digital Products Corporation Case Number: 97-21987 BKC RBR Reporting Period Beginning: 7/1/98 and Ending: 7/31/98 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 $ 569,328.15 Plus: Current Month New Billings 255,018.37 Less: Collections during the Month 254,313.25 End of Month Balance $ 570,033.27 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 $217,903.50 121,754.14 23,117.31 177,350.52 $540,125.47 ATTACHMENT 2 MONTHLY ACCOUNTS PAYABLE AND SECURED PAYMENTS REPORT Name of Debtor: Digital Products Corporation Case # 97-21987 BKC-RBR Reporting Period Beginning 7/1/98 and Ending 7/31/98 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-98 181 Access 2000 Computer System 990.00 22-Apr-98 100 St. of Hawaii Taxes 286.16 22-Apr-98 100 St. of Hawaii Taxes 336.32 30-Apr-98 92 Royal Mercantile Trust 2,583.56 dispute 01-May-98 91 Telnet Data Supplies 1,800.00 23-Apr-98 68 O'Donnell Ficenec Tax Prep. 8,500.00 20-Apr-98 102 DAS Consulting Repair 530.00 17-Apr-98 105 Comguard Repair 11,625.00 01-May-98 92 Telnet Data Group Supplies 1,800.00 16-May-98 76 Telogy Supplies 131.44 12-Jan-98 200 IKON Supplies 345.62 01-May-98 92 AT&T Telephone Conf Telephone 519.12 20-May-98 102 Network Solutions Misc 100.00 23-Jan-98 189 David Bower Contract Labor 200.00 02-May-98 91 Steve Makk Contract Labor 7,060.00 14-May-98 77 Liberty Court Contract Labor 268.88 17-May-98 75 Comguard Contract Labor 1,625.00 18-May-98 74 Steve Makk Contract Labor 1,407.50 28-May-98 64 DAS Consulting Contract Labor 265.00 01-May-98 92 Am. Stock Transfer Professional Fees 1,600.00 01-June-98 60 Am Stock Transfer Professional Fees 1,600.00 01-June-98 60 EMS Contract Labor 771.75 01-June-98 60 Triple S Transport Freight 76.00 02-June-98 59 Office Depot Office Supplies 395.38 03-June-98 59 LCI Telephone 6,337.43 06-June-98 55 Carl Margolis Contract Labor 562.50 08-June-98 53 R Soft, Inc. Supplies 2,588.93 10-June-98 51 Foam Factory Supplies 1,509.00 11-June-98 50 EFD 58.26 11-June-98 50 Eugene Kennedy Professional Fees 3,940.00 16-June-98 45 Telogy 131.44 19-June-98 42 Key Leasing Rent 1,000.00 19-June-98 42 Re-entry Services Contract Labor 1,264.50 20-June-98 41 Steve Makk & Assoc Contract Labor 8,851.20 23-June-98 7 LCI Telephone 832.88 25-June-98 5 Smith Barney 108.77 29-June-98 1 Federal Express Freight 279.89 29-June-98 1 Smith Barney 74.48 30-June-98 Holland Knight Professional Fees 861.00 15-July-98 16 AFCO Insurance 4,450.21
ATTACHMENT 2 MONTHLY ACCOUNTS PAYABLE AND SECURED PAYMENTS REPORT Name of Debtor: Digital Products Corporation Case # 97-21987 BKC-RBR Reporting Period Beginning 7/1/98 and Ending 7/31/98
15-July-98 16 AFCO Insurance 1,268.95 15-July-98 16 American Design Contract Labor 461.70 22-July-98 9 American Design Contract Labor 549.77 29-July-98 2 American Design Contract Labor 407.03 01-July-98 31 American Stock Transfer Professional Fees 1,600.00 16-July-98 15 Cal-Tech Assoc. Professional Fees 354.08 23-July-98 6 Scott Christensen Employee Expenses 37.00 15-July-98 16 Competatech Professional Fees 1,118.49 24-July-98 7 Peggy Conway Employee Expenses 268.05 09-July-98 22 Peggy Conway Employee Expenses 101.19 22-July-98 9 Peggy Conway Employee Expenses 83.94 07-July-98 24 Cort Furniture Lease Rent 10.00 13-July-98 18 CSC Professional Fees 175.31 08-July-98 23 Electronic Filings Professional Fees 198.00 01-July-98 30 EMS Consulting Fees 888.00 30-July-98 1 Evaco Professional Fees 297.05 06-July-98 25 Federal Express Shipping 162.30 13-July-98 18 Federal Express Shipping 125.58 15-July-98 16 Frank Garner Contract Labor 475.00 13-July-98 18 State of Hawaii Taxes 668.19 23-July-98 8 Holland and Knight Professional Fees 2,730.00 29-July-98 2 Holland and Knight Professional Fees 958.00 22-July-98 9 Key Leasing Rent 500.00 15-July-98 16 Albani Laporte Contract Labor 731.32 20-July-98 11 Albani Laporte Contract Labor 30.00 15-July-98 16 LEP Profit Shipping 2,280.96 02-July-98 29 Steve Makk & Assoc Contract Labor 37.75 01-July-98 30 Nextel Telephone 1,404.00 01-July-98 30 Nextel Telephone 1,339.96 28-July-98 3 Nextel Telephone 675.41 10-July-98 21 Chuck Nora Employee Expenses 148.39 24-July-98 7 Chuck Nora Employee Expenses 561.33 20-July-98 11 Jeff Serbin Employee Expenses 399.91 01-July-98 30 Pagenet Telephone 1,486.73 01-July-98 30 Shasta Cty Tax Coll Taxes 354.64 06-July-98 25 Smith Barney Bankruptcy Expense 74.48 05-July-98 26 Store & Lock Rent 1,256.20 01-July-98 30 TCG Telephone 2,380.09 07-July-98 24 Telnet Supplies 1,388.40 07-July-98 24 Telnet Supplies 500.00 14-July-98 17 Telnet Supplies 267.00 15-July-98 16 Telnet Supplies 78.31 01-July-98 30 Telogy Supplies 131.44 07-July-98 24 Telogy Supplies 131.44 17-July-98 14 Telogy Supplies 131.44
ATTACHMENT 2 MONTHLY ACCOUNTS PAYABLE AND SECURED PAYMENTS REPORT Name of Debtor: Digital Products Corporation Case # 97-21987 BKC-RBR Reporting Period Beginning 7/1/98 and Ending 7/31/98
11-July-98 20 UPS Shipping 1,264.86 18-july-98 13 UPS Shipping 1,585.42 25-July-98 6 UPS Shipping 1,065.66 16-July-98 15 US West Telephone 421.22 01-July-98 30 xiNETix, Inc. Rent 2,687.55
ACCOUNTS PAYABLE RECONCILIATION (Post Petition Only): Opening Balance (total from prior report) $ 146,457.53 Plus: New Indebtedness Incurred This Month 40,701.75 Less: Amount Paid on Prior Accounts Payable 73,090.62 End of Month Balance 114,068.66 ATTACHMENT 3 Name of Debtor: Digital Products Corporation Case # 97-21987 BKC-RBR Report Period Beginning 7/1/98 and Ending 7/31/98 INVENTORY REPORT INVENTORY BALANCE AT PETITION DATE: $148,780.63 INVENTORY RECONCILIATION: Inventory Balance at Beginning of Month $149,052.13 Inventory Purchased during Month 11,920.00 Inventory Used or Sold 11,920.00 Inventory on Hand at End of Month $ 149,052.13 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 $ 352,526.50 Less: Depreciation Expense 34,963.00 Plus: New Purchases 4,368.00 Less: Disposed Under Lease Rejection Ending Monthly Balance $ 321,931.50 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: 7/1/98 Ending: 7/31/98 BANK: Comerica Bank & Trust BRANCH: Boca Raton ACCT NAME: Digital Products Corporation ACCT NUMBER: 1811006533 PURPOSE OF ACCOUNT: Operating Account Beginning Balance $ 44,621.59 Total of Deposits Made 254,313.25 Total Amount of Checks/Wires 160,065.64 Service Charges 91.50 Transfers to Other Account s 129,359.13 Closing Balance $ 9,418.57 Number of First Check Written This Period 2205 Number of Last Check Written This Period 2300 Total Number of Checks Written This Period 92 Total Number of Wire Transfers 1 Voided Checks This Period 3 Total 96 BANK: Comerica Bank & Trust BRANCH: Boca Raton ACCT NAME: Digital Products Corporation ACCT NUMBER: 1811006541 PURPOSE OF ACCOUNT: Payroll Account Beginning Balance $ 1,547.64 Total of Deposits Made Transfers in 91,372.23 Total Amount of Checks Written 90,914.05 Service Charges Payroll Depot 458.18 Service Charges 133.86 Transfers to Other Accounts Closing Balance $ 1,413.78 Number of First Check Written This Period 975 Number of Last Check Written This Period 1042 Total Number of Checks Written This Period 67 Plus Manual Checks 1 Total 68 Plus Direct Deposits 85 Items Total 153 Items ATTACHMENT 4 MONTHLY BANK RECONCILIATION DEBTOR: Digital Products Corporation Case # 97 21987 BKC-RBR Report Period Beginning: 7/1/98 Ending: 7/31/98 BANK: Comerica Bank & Trust BRANCH: Boca Raton ACCT NAME: Digital Products Corporation ACCT NUMBER: 1811006558 PURPOSE OF ACCOUNT: Tax Account Beginning Balance $ 1,254.12 Total of Deposits Made 38,312.23 Transfers in Total Amount of Checks Written 37,986.90 Transfers out Service Charges 42.51 Transfers to Other Accounts Closing Balance $ 1,536.94 ATTACHMENT 5 CHECK REGISTER DEBTOR: Digital Products Corporation Case # 97-21987 BKC-RBR Report Period Beginning: 7/1/98 And Ending: 7/31/98 NAME OF B,ANK: Comerica Bank & Trust ACCOUNT NAME: Digital Products Corporation ACCOUNT #: 1811006533 PURPOSE OF ACCOUNT: Operating Account
Date Check # Payee Purpose Amount 7/1/98 Clarke American Checks Office Supplies 71.21 7/1/98 2205 Liberty Court Travel Travel 2,256.92 7/1/98 2206 Void 7/1/98 2207 American Design Contract Labor 1,117.76 7/1/98 2208 Doug Hogmire Travel 1,330.99 7/1/98 2209 Jeff Serbin Supplies 305.88 7/1/98 2210 American Design Contract Labor 552.83 7/1/98 2211 Cort Furniture Travel 424.88 7/1/98 2212 Void 7/1/98 2213 Patty Van Horn Supplies 22.94 7/1/98 2214 UPS Freight 4,804.31 7/1/98 2215 Void 7/1/98 2216 Federal Express Freight 165.44 7/1/98 2217 Frank Garner Consulting 725.00 7/1/98 2218 Albani Laporte Contract Labor 628.92 7/1/98 2219 Sandra Umana Contract Labor 40.00 7/1/98 2220 LCI Telephone 20.59 7/1/98 2221 TCG Telephone 4,722.48 7/1/98 2222 Midwest Empoyee Benefits Insurance 3,972.58 7/2/98 2223 Upstream Brewing Meals 48.00 7/3/98 2224 Key Leasing Rent 500.00 7/3/98 2225 American Stock Transfer Bankruptcy 1,600.00 7/3/98 2226 XiNETix Rent 4,085.18 7/3/98 2227 Holland & Knight Patents 7,530.00 7/3/98 2228 Renatta Batteries Supplies 3,026.70 7/3/98 2229 AFCO Insurance 6,005.11 7/3/98 2230 Access 2000 Computers 3,000.00 7/3/98 2231 Electronic Filings Bankruptcy 171.00 7/3/98 2232 State of Hawaii Tax 1,175.00 7/6/98 2233 Electrodyne Inventory 650.00 7/6/98 2234 Monroe County Inventory 2,560.00 7/6/98 2235 Dean Witter Bankruptcy 67.45 7/6/98 2236 TCG Telephone 2,360.39 7/6/98 2237 Nextel Telephone 92.88 7/6/98 2238 Acme Typewriter Repairs 79.04 7/6/98 2239 State of Delaware Tax 102.40 7/6/98 2240 CSC Professional Fees 173.99 7/6/98 2241 US West Telephone 454.52 7/6/98 2242 Florida Power & Light Travel 59.91 7/7/98 2243 Void 7/7/98 2244 Tad Deer Office Supplies 509.86 7/7/98 2245 Doug Hogmire Office Supplies 131.89 7/7/98 2246 Peggy Conway Travel Advance 100.00 7/7/98 2247 Dataco DeRex Supplies 135.00
ATTACHMENT 5 CHECK REGISTER DEBTOR: Digital Products Corporation Case # 97-21987 BKC-RBR Report Period Beginning: 7/1/98 And Ending: 7/31/98 NAME OF BANK: Comerica Bank & Trust ACCOUNT NAME: Digital Products Corporation ACCOUNT #: 1811006533 PURPOSE OF ACCOUNT: Operating Account
Date Check # Payee Purpose Amount 7/7/98 2248 Frogs Graphics Printing 223.65 7/7/98 2249 Modern Time Systems Supplies 15.90 7/7/98 2250 Modern Time Systems Supplies 93.17 7/7/98 2251 Statewide Contract Labor 42.00 7/8/98 2252 Memcom Rent 1,500.00 7/8/98 2253 St Andrews Rent 939.00 7/8/98 2254 Industrial Assembly Inventory 4,760.00 7/8/98 2255 Tad Deer Office Supplies 387.92 7/9/98 2256 Void 7/9/98 2257 Valentinos Meals 19.92 7/9/98 2258 Mike Luther Advance 5,000.00 7/9/98 2259 Mark Abboud Repay Loan 20,000.00 7/10/98 2260 Premier Marketing Rent 4,000.00 7/10/98 2261 Murphy Moving Moving 685.00 7/10/98 2262 Cal-Tech & Assoc. Inventory 350.00 7/10/98 2263 Void 7/10/98 2264 First Westroads Bank Moving 269.00 7/13/98 2265 First Natl Bank of Lewiston, MT Inventory 3,600.00 7/13/98 2266 Liberty Court Travel Travel 1,001.42 7/13/98 2267 Reliable Office Supply Office Supplies 261.93 7/13/98 2268 Nextel Telephone 3,518.31 7/14/98 2269 Peggy Conway Telephone 937.34 7/15/98 2270 Doug Hogmire Office Supplies 31.23 7/15/98 2271 PC Solutions Contract Labor 1,086.14 7/16/98 2272 Liberty Court Travel Travel 635.00 7/16/98 2273 Renatta Batteries Supplies 3,010.40 7/16/98 2274 Deltec Supplies 1,150.00 7/17/98 2275 LCI Telephone 16,337.43 7/17/98 2276 American Design Contract Labor 947.70 7/17/98 2277 Albani Laporte Consulting 256.52 7/17/98 2278 KBS Rent 5,000.00 7/17/98 2279 XiNETix Rent 4,000.00 7/20/98 2280 IMS Repay Advance 2,500.00 7/20/98 2281 Reliance Std Life Insurance 57.40 7/22/98 2282 Ken Virgillito Supplies 150.00 7/22/98 2283 Steve Makk Contract Labor 2,000.00 7/22/98 2284 Key Leasing Rent 500.00
ATTACHMENT 5 CHECK REGISTER DEBTOR: Digital Products Corporation Case # 97-21987 BKC-RBR Report Period Beginning: 7/1/98 And Ending: 7/31/98 NAME OF BANK: Comerica Bank & Trust ACCOUNT NAME: Digital Products Corporation ACCOUNT #: 1811006533 PURPOSE OF ACCOUNT: Operating Account
Date Check # Payee Purpose Amount 7/22/98 2285 US West Telephone 39.60 7/23/98 2286 Chuck Nora Travel 781.00 7/23/98 2287 Doug Hogmire Travel 1,118.51 7/23/98 2288 Judy Sundberg Travel 620.80 7/24/98 2289 US Postmaster Postage 96.00 7/24/98 2290 Penny Woods Telephone 36.65 7/24/98 2291 Access 2000 Computers 1,368.00 7/24/98 2292 Holland & Knighy Patent 861.00 7/24/98 2293 AT&T Telephone 3,053.88 7/24/98 2294 LCI Telephone 5,000.00 7/27/98 2295 Florida Power Travel 191.24 7/27/98 2296 Peggy Conway Telephone 76.34 7/27/98 American Online Internet 26.95 7/28/98 2297 Brenda McNair Wages 51.54 7/28/98 2298 Void 7/28/98 2299 Liberty Court Travel Travel 678.00 7/29/98 2300 Industrial Assembly Inventory 4,760.00 Total 160,065.64
ATTACHMENT 5 CHECK REGISTER DEBTOR: Digital Product Corporation Case #: 97-21987 BKC-RBR Report Period Beginning: 7/1/98 and Ending: 7/31/98 NAME OF BANK: Comerica Bank & Trust ACCOUNT NAME: Digital Products ACCOUNT #: 1811005541 PURPOSE OF ACCOUNT: Payroll Account
Date Check # Payee Purpose Amount 7/3/98 975-988+19 direct dep Employees Payroll $ 18,879.83 7/10/98 989-1002+16 direct dep Employees Payroll 17,936.02 7/17/98 1003-1016+16 direct dep Employees Payroll 17,740.92 7/24/98 1018-1030+17 direct dep Employees Payroll 17,618.25 7/31/98 1031-1042+17 direct dep Employees Payroll 18,739.03 Sub Total Payroll 90,914.05 Payroll Depot Serv. Chg. 458.18 Grand Total $ 91,372.23
ATTACHMENT 5 CHECK REGISTER DEBTOR: Digital Products Corporation Case # 97-21987 BKC - RBR Report Period Beginning: 7/1/98 and Ending: 7/31/98 NAME OF BANK: Comerica Bank & Trust ACCOUNT NAME: Digital Products Corporation ACCOUNT #: 1811006558 PURPOSE OF ACCOUNT: Tax Account
Date Check # Payee Purpose Amount 7/3/98 transfer Payroll Depot payroll taxes $ 8,123.57 7/10/98 transfer Payroll Depot payroll taxes 7,689.74 7/17//98 transfer Payroll Depot payroll taxes 7,680.01 7/24/98 transfer Payroll Depot payroll taxes 7,149.18 7/31/98 transfer Payroll Depot payroll taxes 7,344.40 $37,986.90
ATTACHMENT 6a Monthly Tax Report DEBTOR: Digital Products Corporation Case # 97-21987 BKC - RBR Reporting Period Beginning: 7/1/98 and Ending: 7/31/98 TAXES PAID and ACCRUED DURING MONTH
Date Bank Description Amount 7/3/98 Comerica Bank FED WH $ 3,911.55 FICA 2,875.92 MEDICARE 726.14 FUTA 22.61 IN WH 60.35 MN WH 21.58 NE WH 272.99 MD WH 42.04 MI WH 30.80 IN SUTA 12.43 FL SUTA 137.06 NE SUTA 10.10 $ 8,123.57 7/10/98 Comerica Bank FED WH $ 3,639.38 FICA 2,710.79 MEDICARE 687.49 FUTA 32.59 MD WH 42.66 MI WH 23.69 MN WH 21.58 NE WH 337.90 FL SUTA 145.20 NE SUTA 48.46 $ 7,689.74
ATTACHMENT 6a Monthly Tax Report DEBTOR: Digital Products Corporation Case # 97-21987 BKC - RBR Reporting Period Beginning: 7/1/98 and Ending: 7/31/98 TAXES PAID and ACCRUED DURING MONTH
Date Bank Description Amount 7/17/98 Comerica Bank FED WH $ 3,090.93 FICA 2,575.21 MEDICARE 622.36 FUTA 31.24 MD WH 42.04 MI WH 30.80 MN WH 21.58 NE WH 337.90 FL SUTA 136.12 NE SUTA 48.46 $ 6,936.64 7/24/98 Comerica Bank FED WH $ 3,473.11 FICA 2,379.26 MEDICARE 667.60 FUTA 34.04 MI WH 30.80 MN WH 21.58 NE WH 344.50 FL SUTA 140.28 NE SUTA 58.01 $ 7,149.18 7/31/98 Comerica Bank FED WH $ 3,636.39 FICA 2,411.39 MEDICARE 684.33 FUTA 32.04 MI WH 30.80 MN WH 21.58 NE WH 337.90 FL SUTA 141.51 NE SUTA 48.46 $ 7,344.40
ATTACHMENT 6b DEBTOR: Digital Products Corporation Case # 97-21987 BKC - RBR Report Period Beginning: 7/1/98 and Ending: 7/31/98 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 FUTA 10/31/98 Fed unemployment tax 152.52 FL SUTA 10/31/98 FL unemployment 700.17 IN SUTA 10/31/98 IN unemployment 12.43 NE SUTA 10/31/98 NE unemployment 213.49 FED WH 08/15/98 FED WH 3,636.39 FICA 08/15/98 FICA 2,411.39 MEDICARE 08/15/98 MEDICARE 684.33 NE WH 07/15/98 NE WH 337.90
ATTACHMENT 7 SUMMARY OF PERSONNEL & INSURANCE COVERAGES Name of Debtor: Digital Products Corporation Case # 97-21987 BKC - RBR Report Period Beginning: 7/1/98 and Ending 7/31/98 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 $ 9,230.75 $ - Michael Luther CEO/Chairman 11,538.50 -
PERSONNEL REPORT Full Time Part Time Number of employees at beginning of period 28 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 29 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 Zenith Alexander & Alex 12924 WC 4/1/99 4/1/99 305-279-7870 Zenith Dade Underwriters 40076 WC 3/1/99 3/1/99 954-462-1304 Reliance Stand. Mahoney & Asso. LTD097814 LTD 7/1/98 6/15/98 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 5/1/99 paid 305-591-0090 Fidelity & Dep. Seitlin Ins. CCP0033867 Crime 5/1/99 paid 305-591-0090 Mutual of Midwest Emp. Ben. 266 MBPT Health & Dental 10/1/98 paid Omaha
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