EX-99.3 5 ex99-3.htm Exhibit 99.3

In re  Farmland Pipe Line, Inc.

 

Case No. 02-50565

 

 

 

 

 

 

 

 

 

 

 

 

 

MONTHLY OPERATING REPORT SUMMARY

 

FOR THE MONTH OF NOVEMBER, 2003

REVENUE

Gross Income

 $                     -   

Less Cost of Goods Sold

 $          5,428.43 

Materials

 $                     -   

Direct Labor

 $                     -   

Overhead

 $          5,428.43 

Gross Profit

 $      (5,428.43)

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

 $                     -   

Total Operating Expenses

 $                     -   

Net Income (Loss)

 $      (5,428.43)

CURRENT ASSETS

Accounts Receivable at end of month

 $       117,377.76 

Increase (Decrease) in AR for month

 $     (122,472.12)

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

 $       (66,768.72)

Taxes Payable:

Federal Payroll Taxes

 $                     -   

State Payroll Taxes

 $                     -   

Local Payroll Taxes

 $                     -   

State Sales Taxes

 $                     -   

Real Estate and Personal

 $                     -   

Property Taxes

 $                     -   

Other (footnote)

 $     (180,931.05)

Total Taxes Payable

 $     (180,931.05)

Footnote:

Fed Income Tax (Pre)

 $                     -   

Fed Income Tax (Post)

 $     (180,931.05)