EX-99.3 5 ex99-3.htm Ex99.3

In re  Farmland Pipe Line, Inc.

 

Case No. 02-50565

         A Missouri Corporation

 

 

 

 

 

 

 

 

 

 

 

MONTHLY OPERATING REPORT SUMMARY

 

FOR THE MONTH OF SEPTEMBER, 2003

REVENUE

Gross Income

 $                    -    

Less Cost of Goods Sold

 $       (68,175.18)

Materials

 $                   -    

Direct Labor

 $                   -    

Overhead

 $     (68,175.18)

Gross Profit

 $      68,175.18 

OPERATING EXPENSES

Owner/Officer-Draws/Salaries

 $                   -    

Other Employee Salaries

 $                   -    

Advertising and Marketing

 $                   -    

Insurance

 $                   -    

Payroll Taxes

 $                   -    

Lease and Rent

 $                   -    

Telephone and Utlities

 $                   -    

Attorney and other Professional Fees

 $                   -    

UST Quarterly Fees

 $                   -    

Other Expenses-includes income tax expense and other income

 $      27,270.07  

Total Operating Expenses

 $      27,270.07  

Net Income (Loss)

 $      40,905.11  

CURRENT ASSETS

Accounts Receivable at end of month

 $      311,450.72  

Increase (Decrease) in AR for month

 $      113,184.42  

Inventory at end of month

 $                    -    

Increase (Decrease) in Inventory for month

 $                    -    

Cash at end of the month

 $                    -    

Increase (Decrease) in Cash for month

 $                     -   

LIABILITIES

Increase (Decrease) in pre-petition debt

 $                   -    

Increase (Decrease) in post-petition debt

 $     112,158.38 

Taxes Payable:

Federal Payroll Taxes

 $                   -    

State Payroll Taxes

 $                   -    

Local Payroll Taxes

 $                   -    

State Sales Taxes

 $                   -    

Real Estate and Personal

 $                   -    

Property Taxes

 $                   -    

Other (footnote)

 $    (160,821.06)

Total Taxes Payable

 $   (160,821.06)

Footnote:

Fed Income Tax (Pre)

 $                   -    

Fed Income Tax (Post)

 $    (160,821.06)