-----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, FtNuBsuT7BPXErWQydGQGQ4bNSFi/NbnhNsSdZNcY0DRIDYjjcSRwt1aHsqgFZnw SPzwGSzQlQhKpPX6+7e1Ww== 0000950149-97-001821.txt : 19971008 0000950149-97-001821.hdr.sgml : 19971008 ACCESSION NUMBER: 0000950149-97-001821 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970922 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19971007 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: STREAMLOGIC CORP CENTRAL INDEX KEY: 0000718865 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER STORAGE DEVICES [3572] IRS NUMBER: 953093858 STATE OF INCORPORATION: DE FISCAL YEAR END: 0329 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-12046 FILM NUMBER: 97691513 BUSINESS ADDRESS: STREET 1: 7015 GATEWAY BOULEVARD CITY: NEWARK STATE: CA ZIP: 94060 BUSINESS PHONE: 4158334833 MAIL ADDRESS: STREET 1: 7015 GATEWAY BOULEVARD CITY: NEWARK STATE: CA ZIP: 94060 FORMER COMPANY: FORMER CONFORMED NAME: MICROPOLIS CORP DATE OF NAME CHANGE: 19920703 8-K 1 FORM 8-K FOR DATE OF SEPTEMBER 22, 1997 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): SEPTEMBER 22, 1997 STREAMLOGIC CORPORATION (Exact name of registrant as specified in its charter) DELAWARE 95-3093858 (State or other jurisdiction of (I.R.S. employer incorporation or organization) identification number) COMMISSION FILE NUMBER: 0-12046 7015 GATEWAY BOULEVARD NEWARK, CALIFORNIA 94560 (Address of principal executive offices and zip code) REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (510) 608-4000 2 ITEM 3. BANKRUPTCY OR RECEIVERSHIP. On June 26, 1997, StreamLogic Corporation (the "Company") filed a voluntary petition in the United States Bankruptcy Court for the Northern District of California, San Francisco Division, seeking protection under Chapter 11 of the United States Bankruptcy Code. The Company will continue to operate as a debtor-in-possession, with its existing directors and officers, subject to the supervision and orders of the bankruptcy court. As of the date of this report, no plan of reorganization has been filed by the Company and no trustee has been appointed. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. Exhibits 99.1 Monthly Operating Report for the Month of August 1997, as filed with the United States Bankruptcy Court for the Northern District of California, San Francisco Division. 2 3 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. STREAMLOGIC CORPORATION (Registrant) Date: October __, 1997 By /s/ MICHAEL O. PRELETZ ----------------------- Michael O. Preletz Chief Executive Officer 3 4 Exhibit Index 99.1 Monthly Operating Report for the Month of August 1997, as filed with the United States Bankruptcy Court for the Northern District of California, San Francisco Division. 4 EX-99.1 2 MONTHLY OPERATING REPORT FOR AUGUST 1997 1 EXHIBIT 99.1 Monthly Operating Report for the Month of August 1997, as filed with the United States Bankruptcy Court for the Northern District of California, San Francisco Division. 2 UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF CALIFORNIA IN RE: STREAM LOGIC CORPORATION CASE NO. 97-32984 DM ------------------ CHAPTER 11 MONTHLY OPERATING REPORT (GENERAL BUSINESS CASE) SUMMARY OF FINANCIAL STATUS MONTH ENDED Aug 31, 1997 1. Debtor in possession (or trustee) hereby submits this Monthly Operating Report on the Accrual Basis of accounting (or if checked here ___ the Office of the U.S. Trustee or the Court has approved the Cash Basis of Accounting for the Debtor). Dollars reported in ($ _____).
END OF END OF AS OF CURRENT PRIOR PETITION 2. ASSET/LIABILITY SUMMARY MONTH MONTH FILING Current Assets (Market Value) $ 2,642,390 $ 2,740,693 $18,388,407 * ---------------- ------------ ----------------- Total Assets (Market Value) $ 7,989,890 $ 7,966,193 $22,312,581 * ---------------- ------------ ----------------- Current Liabilities $ 138,141 $ 108,000 $ 0 ---------------- ------------ ----------------- Total Liabilities $28,997,378 $28,967,237 $28,859,237 ---------------- ------------ ----------------- PETITION CURRENT PRIOR DATE TO 3. STATEMENT OF CASH RECEIPTS & DISBURSEMENTS FOR MONTH MONTH MONTH MONTH END a. Total Receipts $ 938,000 $ 1,042,022 $ 1,980,022 ---------------- ------------ ----------------- b. Total Disbursements $ 1,062,897 $ 1,048,046 $ 2,110,943 ---------------- ------------ ----------------- c. Excess (Deficiency) of Receipts Over Disbursements (a - b) $ (124,897) $ (6,024) $ (130,921) ---------------- ------------ ----------------- d. Cash Balance Beginning of Month $ 388,693 $ 384,717 ---------------- ------------ e. Cash Balance End of Month (c + d) $ 263,796 $ 388,693 ================ ------------ 4. POST-PETITION LIABILITIES & RECEIVABLES RECEIVABLES LIABILITIES Balance at End of Previous Month $ 1,200,000 $ 108,000 ---------------- ----------------- Balance at End of Current Month $ 1,103,114 $ 138,141 ---------------- ----------------- 5. PAST DUE POST-PETITION LIABILITIES Balance at End of Previous Month (over 30 days) $ 5,000 ---------------- Balance at End of Current Month (over 30 days) $ 0 ----------------
YES NO --- -- 6. Are all federal, state, and local taxes current? (if no, Unknown ** attach schedule of unpaid items) --------------- ------------- 7. Have any payments been made to pre-petition creditors, other than payments in the normal course to secured creditors or lessors? (if yes, attach listing including date of payment, amount of payment and name of payee) x *** --------------- ------------- 8. Have any payments been made to officers, insiders, shareholders, relatives? (if yes, attach listing including date of payment, amount and reason for payment, and name of payee) [Excludes salaries to officers] x --------------- ------------- 9. Have any payments been made to professionals? (if yes, attach listing including date of payment, amount of payment and name of payee) x --------------- ------------- 10. If you answered yes to line 7,8, or 9, were all such payments approved by the court? x --------------- ------------- 11. Is the estate insured for replacement cost of assets and for general liability? x --------------- ------------- 12. Are U.S. Trustee quarterly fees current? x --------------- -------------
I declare under penalty of perjury that I have reviewed the above summary and attached financial statements, and after making reasonable inquiry believe that these documents are correct. Date: September 17, 1997 /s/ GEORGE OLIVA -------------------------- George Oliva - Vice President Finance and Administration Responsible Individual * Valuation in Bankruptcy schedules based on historical book values as maintained by prior management. ** Post petition payroll related taxes paid currently. Federal, State and local prior period tax returns were not filed; related tax liabilities are unknown. *** Approximately $5K in misc prepetition checks cleared post petition. Effective 1/1/95 3 BALANCE SHEET (GENERAL BUSINESS CASE) FOR THE MONTH ENDED AUGUST 31, 1997 ($________) ASSETS
FROM SCHEDULES MARKET VALUE -------------- ------------ CURRENT ASSETS 1 Cash and cash equivalents - unrestricted $ 263,796 ---------- 2 Cash and cash equivalents - restricted $ 502,000 ---------- 3 Accounts receivable (net) A $1,103,114 ---------- 4 Inventory (net) B $ 773,480 ---------- 5 Prepaid expenses ---------- 6 Other: --------------------------------------------- ---------- 7 --------------------------------------------------- ---------- 8 TOTAL CURRENT ASSETS $2,642,390 ---------- PROPERTY AND EQUIPMENT (MARKET VALUE) 9 Real property C $3,500,000 ---------- 10 Machinery and equipment D $ 150,000 ---------- 11 Furniture and fixtures D $ 25,000 ---------- 12 Office equipment D $ 50,000 ---------- 13 Leasehold improvements D $ 0 ---------- 14 Vehicles D $ 2,500 ---------- 15 Other: D --------------------------------------------- ---------- 16 D --------------------------------------------------- ---------- 17 D --------------------------------------------------- ---------- 18 D --------------------------------------------------- ---------- 19 D --------------------------------------------------- ---------- 20 TOTAL PROPERTY AND EQUIPMENT $3,727,500 ---------- OTHER ASSETS 21 Concentric Stock $1,600,000 --------------------------------------------------- ---------- 22 --------------------------------------------------- ---------- 23 --------------------------------------------------- ---------- 24 --------------------------------------------------- ---------- 25 TOTAL OTHER ASSETS $1,600,000 ---------- 26 TOTAL ASSETS $7,969,890 ==========
NOTE: Indicate the method used to estimate the market value of assets (e.g., appraisals; familiarity with comparable market prices, etc.) and the date the value was determined. Inventory valued at historical cost less a $6.5 million reserve for decreased market value, pending further review of actual market value. Market Value of equipment based on management estimate pending outside appraisals. Accounts receivable are net of a substantial reserve due to managements experience with the collections. Effective 1/1/95 4 LIABILITIES AND EQUITY (GENERAL BUSINESS CASE) ($_______)
LIABILITIES FROM SCHEDULES POST-PETITION -------------- CURRENT LIABILITIES 27 Salaries and wages ------------ 28 Payroll taxes ------------ 29 Real and personal property taxes unknown ------------ 30 Income taxes unknown ------------ 31 Notes payable (short term) ------------ 32 Accounts payable (trade) A $ 50,000 ------------ 33 Real property lease arrearage ------------ 34 Personal property lease arrearage ------------ 35 Accrued professional fees $ 67,741 ------------ 36 Current portion of long-term debt (due within 12 months) ------------ 37 Other: Warranty Post Petition $ 20,400 ---------------------------------- ------------ 38 ---------------------------------------------------- ------------ 39 ---------------------------------------------------- ------------ 40 TOTAL CURRENT LIABILITIES $ 138,141 ------------ 41 LONG-TERM DEBT, NET OF CURRENT PORTION ------------ 42 TOTAL POST-PETITION LIABILITIES $ 138,141 ------------ PRE-PETITION LIABILITIES (ALLOWED AMOUNT) 43 Secured claims E $ 245,738 ------------ 44 Priority unsecured claims E unknown ------------ 45 General unsecured claims E $ 28,613,499 ------------ 46 TOTAL PRE-PETITION LIABILITIES $ 28,859,237 ------------ 47 TOTAL LIABILITIES $ 28,997,378 ------------ EQUITY (DEFICIT) 48 ---------------------------------------------------- ------------ 49 ---------------------------------------------------- ------------ 50 ---------------------------------------------------- ------------ 51 ---------------------------------------------------- ------------ 52 Market value adjustment $(21,027,488) ------------ 53 TOTAL EQUITY (DEFICIT) ($21,027,488) ------------ 54 TOTAL LIABILITIES AND EQUITY (DEFICIT) $ 7,969,890 ============
Effective 1/1/95 5 SCHEDULES (GENERAL BUSINESS CASE) ($___________) SCHEDULE A ACCOUNTS RECEIVABLE(NET)/PAYABLE
ACCOUNTS ACCOUNTS PAYABLE PAST DUE Receivables and Payables Ageings RECEIVABLE [POST PETITION] POST PETITION DEBT 0 -30 Days $ 710,711 $50,000 ---------- ------- 31-60 Days $ 483,182 $ 0 ---------- ------- 61-90 Days $ 80,119 $ 0 ---------- ------- ------ 91+ Days $1,220,569 ---------- ------- Total accounts receivable/payable $2,494,581 $50,000 ---------- ======= Allowance for doubtful accounts $1,391,467 ---------- Accounts receivable (net) $1,103,114 ==========
SCHEDULE B INVENTORY/COST OF GOODS SOLD
TYPES AND AMOUNT OF INVENTORY(IES) COST OF GOODS SOLD INVENTORY(IES) Inventory Beginning of Month $7,110,000 ---------- BALANCE AT END OF MONTH Add - Retail/Restaurants - Net purchases $ 594,443 ---------- Product for resale Direct labor $ 9,000 --------------------- ---------- Manufacturing overhead $ 92,000 ---------- Distribution - Freight in ---------- Product for resale Other: --------------------- ----------------------- ---------- Manufacturer - ------------------------ ---------- Raw materials --------------------- Work-in-progress $ 7,233,480 Less - --------------------- Finished goods Inventory End of Month $7,233,480 --------------------- ---------- Shrinkage ---------- Other - $(6,460,000) Personal Use --------------------- ---------- Explain Provision for lower ------------------------ market value than cost Cost of Goods Sold $ 571,963 ---------------------------------- ========== TOTAL $ 773,480 =====================
METHOD OF INVENTORY CONTROL INVENTORY VALUATION METHODS Do you have a functioning perpetual inventory system? Indicate by a checkmark method of inventory valuation used. Yes No x ---- ---- How often do you take a complete physical inventory? Valuation methods - FIFO cost x ----------- Weekly LIFO cost ---- ----------- Monthly Lower of cost or ---- Quarterly market ---- ----------- Semi-annually Retail method ---- ----------- Annually x ---- Other - ----------- Date of last physical inventory was April 1997 Explain ---------- ----------------------------------- Date of next physical inventory is unknown -----------------------------------
Effective 1/1/95 6 SCHEDULE C REAL PROPERTY
DESCRIPTION COST MARKET VALUE Land, Building and Improvements $7,560,000 $3,500,000 - ---------------------------------------------- ---------- - ---------------------------------------------- ---------- ---------- - ---------------------------------------------- ---------- ---------- - ---------------------------------------------- ---------- ---------- TOTAL $7,560,000 $3,500,000 =========== ==========
SCHEDULE D OTHER DEPRECIABLE ASSETS
DESCRIPTION COST MARKET VALUE - ----------- ---- ------------ MACHINERY & EQUIPMENT - Manufacturing Equipment $ 9,016,000 $ 100,000 - ---------------------------------------------- ----------- --------- Tooling $ 2,248,000 $ 25,000 - ---------------------------------------------- ----------- Leased Equipment $ 884,000 $ 25,000 - ---------------------------------------------- ----------- --------- - ---------------------------------------------- TOTAL $12,148,000 $ 150,000 =========== ========= FURNITURE & FIXTURES - Miscellaneous items $ 789,000 $ 25,000 - ---------------------------------------------- ----------- --------- - ---------------------------------------------- ----------- --------- - ---------------------------------------------- ----------- --------- - ---------------------------------------------- ----------- --------- TOTAL $ 789,000 $ 25,000 =========== ========= OFFICE EQUIPMENT - Equipment $ 39,000 $ 0 - ---------------------------------------------- ----------- --------- Software $ 422,000 $ 0 - ---------------------------------------------- ----------- --------- Computer Hardware $ 5,889,000 $ 50,000 - ---------------------------------------------- ----------- --------- TOTAL $ 6,350,000 $ 50,000 =========== ========= LEASEHOLD IMPROVEMENTS - Various locations $ 58,000 $ 0 - ---------------------------------------------- ----------- --------- - ---------------------------------------------- ----------- --------- - ---------------------------------------------- ----------- --------- - ---------------------------------------------- ----------- --------- TOTAL $ 58,000 $ 0 =========== ========= VEHICLES - 1988 Chevrolet Van $ 15,000 $ 2,500 - ---------------------------------------------- ----------- --------- - ---------------------------------------------- ----------- --------- - ---------------------------------------------- ----------- --------- - ---------------------------------------------- ----------- --------- TOTAL $ 15,000 $ 2,500 =========== =========
SCHEDULE E PRE-PETITION LIABILITIES
CLAIMED ALLOWED LIST TOTAL CLAIMS FOR EACH CLASSIFICATION - AMOUNT AMOUNT (B) - ------------------------------------------- ---------- ---------- Secured claims (a) $ 245,738 $ 245,738 ----------- ----------- Priority claims other than taxes unknown ----------- ----------- Priority tax claims unknown ----------- ----------- General unsecured claims $28,613,499 $28,613,499 ----------- -----------
(a) List total amount of claims even if under secured. (b) Estimated amount of claim to be allowed after compromise or litigation. As an example, you are a defendant in a lawsuit alleging damage of $10,000,000 and a proof of claim is filed in that amount. You believe that you can settle the case for a claim of $3,000,000. For Schedule E reporting purposes you should list $10,000,000 as the Claimed Amount and $3,000,000 as the Allowed Amount. SCHEDULE F RENTAL INCOME INFORMATION Not Applicable to General Business Cases. Effective 1/1/95 7 STATEMENT OF OPERATIONS (GENERAL BUSINESS CASE) FOR THE MONTH ENDED 8/31/97 $_____________
CURRENT MONTH - --------------------------------------------------------- CUMULATIVE NEXT MONTH ACTUAL FORECAST VARIANCE CASE TO DATE) FORECAST REVENUES $ 717,197 $ 700,000 $ 17,197 1 Gross Sales $2,039,197 $ 595,000 - ------------------ ----------------- ---------------- ---------- ---------- $ 0 2 less: Sales Returns & Allowances - ------------------ ----------------- ---------------- ---------- ---------- $ 717,197 $ 700,000 $ 17,197 3 Net Sales $2,039,197 $ 595,000 - ------------------ ----------------- ---------------- ---------- ---------- $ 571,963 $ 567,500 $ 4,463 4 less: Cost of Goods Sold - ------------------ ----------------- ---------------- (Schedule 'B') $1,568,963 $ 481,125 ---------- ---------- $ 145,234 $ 132,500 $ 12,734 5 Gross Profit $ 470,234 $ 133,875 - ------------------ ----------------- ---------------- ---------- ---------- $ 0 6 Interest - ------------------ ----------------- ---------------- ---------- ---------- 7 Other Income: $ 0 8 - ------------------ ----------------- ---------------- --------------------------------- ---------- ---------- $ 0 9 - ------------------ ----------------- ---------------- --------------------------------- ---------- ---------- $ 145,234 $ 132,500 $ 12,734 10 TOTAL REVENUES $ 470,234 $ 133,875 - ------------------ ----------------- ---------------- ---------- ---------- EXPENSES $ 38,460 $ 38,000 $ (460) 11 Compensation to Owner(s)/Officer(s) $ 105,460 $ 38,500 - ------------------ ----------------- ---------------- ---------- ---------- $ 180,152 $ 176,000 $ (4,152) 12 Salaries/Commissions $ 405,902 $ 180,000 - ------------------ ----------------- ---------------- ---------- ---------- $ 0 13 Management Fees - ------------------ ----------------- ---------------- ---------- ---------- $ 25,000 $ 25,000 $ 0 14 Depreciation $ 50,000 $ 25,000 - ------------------ ----------------- ---------------- ---------- ---------- $ 0 15 Taxes: - ------------------ ----------------- ---------------- ---------- ---------- $ 16,499 $ 11,500 $ (4,999) 16 Employer Payroll Taxes $ 32,749 $ 16,500 - ------------------ ----------------- ---------------- ---------- ---------- $ 0 17 Real Property Taxes - ------------------ ----------------- ---------------- ---------- ---------- $ 0 18 Other Taxes - ------------------ ----------------- ---------------- ---------- ---------- $ 0 19 Other Selling - ------------------ ----------------- ---------------- ---------- ---------- $ 127,181 $ 128,500 $ 1,319 20 Other Administrative $ 254,181 $ 127,500 - ------------------ ----------------- ---------------- ---------- ---------- $ 0 $ 0 $ 0 21 Interest $ 0 $ 0 - ------------------ ----------------- ---------------- ---------- ---------- 22 Other Expenses: $ 0 $ 0 23 Misc $ 0 - ------------------ ----------------- ---------------- --------------------------------- ---------- ---------- $ 0 24 - ------------------ ----------------- ---------------- --------------------------------- ---------- ---------- $ 0 25 - ------------------ ----------------- ---------------- --------------------------------- ---------- ---------- $ 0 26 - ------------------ ----------------- ---------------- --------------------------------- ---------- ---------- $ 0 27 - ------------------ ----------------- ---------------- --------------------------------- ---------- ---------- $ 0 28 - ------------------ ----------------- ---------------- --------------------------------- ---------- ---------- $ 0 29 - ------------------ ----------------- ---------------- --------------------------------- ---------- ---------- $ 0 30 - ------------------ ----------------- ---------------- --------------------------------- ---------- ---------- $ 387,292 $ 379,000 $ (8,292) 31 TOTAL EXPENSES $ 848,292 $ 387,500 - ------------------ ----------------- ---------------- ---------- ---------- $(242,058) $ (246,500) $ 4,442 32 SUBTOTAL $(378,058) $(253,625) - ------------------ ----------------- ---------------- ---------- ---------- REORGANIZATION ITEMS $ 0 $ 0 $ 0 33 Professional Fees $ 0 $ 0 - ------------------ ----------------- ---------------- ---------- ---------- $ 0 34 Provisions for Rejected - ------------------ ----------------- ---------------- Executory Contracts ---------- ---------- Interest Earned on Accumulated Cash $ 0 35 Resulting from Chp 11 Case - ------------------ ----------------- ---------------- ---------- ---------- $ 0 36 Gain or (Loss) from Sale of Equipment - ------------------ ----------------- ---------------- ---------- ---------- $ 0 37 - ------------------ ----------------- ---------------- --------------------------------- ---------- ---------- $ 0 38 - ------------------ ----------------- ---------------- --------------------------------- ---------- ---------- $ 0 $ 0 $ 0 39 TOTAL REORGANIZATION ITEMS $ 0 $ 0 - ------------------ ----------------- ---------------- ---------- ---------- $(242,058) $ (246,500) $ 4,442 40 NET PROFIT (LOSS) BEFORE $(378,058) $(253,625) - ------------------ ----------------- ---------------- FEDERAL & STATE TAXES ---------- ---------- $ 0 41 Federal & State Income Taxes - ------------------ ----------------- ---------------- ---------- ---------- $(242,058) $ (246,500) $ 4,442 42 NET PROFIT (LOSS) $(378,058) $(253,625) ================== ================= ================ ========== ==========
EXPLANATION OF VARIANCE TO STATEMENT OF OPERATIONS (FOR VARIANCES GREATER THAN +/- 10% ONLY) Line 16 Employee Payroll Taxes Forecast amount for August was incorrect. The reported actual is in line with the prior month's actual amount. Line 33 Professional Fees Operation results exclude any professional fees accrued for the cost of bankruptcy. Effective 1/1/95 8 Effective 1/1/95 SUMMARY OF CASH RECEIPTS AND DISBURSEMENTS (GENERAL BUSINESS CASE) FOR THE MONTH ENDED AUGUST 31, 1997 CASH BALANCE BEGINNING OF MONTH $ 388,693 ---------- CASH RECEIPTS (1) $ 938,000 ---------- CASH DISBURSEMENTS (1) $1,062,897 ---------- EXCESS (DEFICIENCY) OF RECEIPTS OVER DISBURSEMENTS $ (124,897) ---------- CASH BALANCE END OF MONTH $ 263,796 ==========
RECAPITULATION OF FUNDS HELD AT END OF MONTH
ACCOUNT 1 ACCOUNT 2 ACCOUNT 3 ACCOUNT 4 --------- --------- --------- --------- BANK Wells Fargo Union Bank Bank of America Bank of America ----------------------- ------------------ ---------------------- ----------------- ACCOUNT TYPE Checking/Sweep Money Market Payroll Checking ----------------------- ------------------- ---------------------- ----------------- 4091-390302 checks ----------------------- ------------------- ---------------------- ACCOUNT NO. 4417-866522 sweep 3280000697 11955-00172 1233-0-50003 ----------------------- ------------------- ---------------------- ----------------- ACCOUNT PURPOSE Main operating Wire transfers Old Payroll Account Old checking ----------------------- ------------------- ---------------------- ----------------- BALANCE, END OF MONTH $128,534 $29,519 $96,052 $9,691 ----------------------- ------------------- ---------------------- ---------------- TOTAL FUNDS ON HAND FOR ALL ACCOUNTS $263,796 =======================
(1) Excluding bank transfers between your accounts. Effective 1/1/95 -----END PRIVACY-ENHANCED MESSAGE-----