EX-99.1 2 0002.txt MONTHLY REPORT DATED MARCH 13, 2001 Exhibit 99.1 UNITED STATES BANKRUPTCY COURT EASTERN DISTRICT OF NORTH CAROLINA RALEIGH DIVISION IN RE: Athey Products Corporation CASE NO: 00-02736-5-ATS MONTHLY REPORT OF CORPORATE DEBTOR IN POSSESSION/TRUSTEE FOR THE MONTH OF January 29-March 4, 2001 (February) ------------------------------------ I. REPORT OF ACTIVITIES: The Debtor negotiated a purchase agreement with Alamo Group (NC) Inc., and filed the motions to approve the sale and to assume or reject the executory contracts and leases as required therein. An oberbid auction was conducted and the motions granted at a hearing on February 20, 2001. The Debtor continued business operations through 3/2/01 and closed the sale on 3/5/01 (which will be in the next monthly report). II. SUMMARY OF OPERATIONS: Debtor shipped and invoiced 21 sweepers. Debtor had sales of $2.7 million and made a $50K profit. Cash on hand dropped to $0.9 million. Three employees left bringing total to 89. Wells Fargo received interest payment. All post-petition payroll, taxes and invoices were paid in the ordinary course. I declare under penalty of perjury that the information contained in this report is true and correct to the best of my knowledge and belief. Respectfully submitted this 13th day of March, 2001. ------ ----------- Title: CFO /s/ WH Warden Signature -------- ----------------- I certify that the information contained in this report is true and correct to the best of my knowledge and belief. Date: /s/ John A. Northen --------------------- Attorney for Debtor John A. Northen, NCSB 6789 Northen Blue, LLP PO Box 2208 Chapel Hill, NC 27515 919-968-4441 Revised 5/2000 ATTACHMENT TO CHAPTER 11 MONTHLY REPORT FOR THE MONTH OF January 29-Mar 4, 2001 ---------------------- PART A: CERTIFICATIONS 1. Yes X No_____ All post-petition taxes [tax obligations arising after ----- the chapter 11 petition was filed] are currently paid or deposited. 2. Yes X No_____ All administrative expenses [post-petition obligations] ----- other than taxes are current. 3. Yes X No_____ Estate property, which is subject to loss by theft, fire, ----- or other casualty, is insured in accordance with Local Bankruptcy Rule No. 4002.3(a)(3). 4. Yes X No_____ New books and records were opened as of the petition date ----- and are being maintained monthly and are current. 5. Yes X No_____ New DIP bank accounts were opened and are reconciled. ----- 6. Yes_____ No X Pre-petition debts [obligations due on or before the ----- filing of the case] have not been paid since the filing of this chapter case. 7. Yes X No_____ The only transfers of property made during this period ----- were transfers which were in the ordinary course of business. 8. Yes X No_____ Estate funds which are on deposit in banking institutions ----- are fully covered by FDIC or FSLIC insurance of $100,000.00. 9. Yes X No_____ A copy of the corresponding bank statement is attached. ----- IF THE ANSWER TO ANY OF THE CERTIFICATIONS ABOVE IS NO, PLEASE PROVIDE EXPLANATION ON SUPPLEMENT TO PART A. Martin McCullough, Director, was paid $1,157. Triad was paid $257,927 for five chassis (into escrow). As of 3/4/01, the Debtor's counsel had escrow deposits and accrued interest of $364,648.93 for the Triad Freightliner secured claim, and the $500,000.00 deposit submitted by Five Start Manufacturing, LLC. Debtor's counsel also received and refunded $500,000.00 deposit submitted by Alamo Group (NC) Inc. SUPPLEMENT TO PART A: EXPLANATION TO CERTIFICATIONS REFLECTED AS "NO" 1. Post-petition TAXES NOT CURRENT OR NOT DEPOSITED: Type and amount $ unpaid or not deposited. ---------------- ---------- Type and amount $ unpaid or not deposited. ---------------- ---------- 2. ADMINISTRATIVE EXPENSES [Post-petition] OTHER THAN TAXES NOT CURRENT: Type and amount $ unpaid. ----------------------------- ----------- Type and amount $ unpaid. ----------------------------- ----------- 3. DESCRIPTION OF ESTATE PROPERTY UNINSURED, REASONS WHY AND STEPS IMPLEMENTED TO OBTAIN INSURANCE: a. b. 4. REASON/EXPLANATION WHY NEW BOOKS AND RECORDS NOT YET OPENED: 5. REASON/EXPLANATION WHY NEW BANK ACCOUNTS HAVE NOT YET BEEN OPENED: 6. A LIST OF ALL PRE-PETITION DEBTS WHICH WERE PAID SINCE THE FILING OF THE CASE INCLUDING THE NAME AND ADDRESS OF THE CREDITOR PAID, THE AMOUNT PAID, AND THE JUSTIFICATION FOR THE PAYMENT. [DOES NOT INCLUDE PAYMENTS TO SECURED CREDITORS AND LESSORS UNDER AN ADEQUATE PROTECTION AGREEMENT.] $257,927 Triad Freightliner, POB 8949, Greensboro, NC 27419 (Contested Secured Status) in escrow 7. A LIST OF ALL PROPERTY WHICH WAS TRANSFERRED OUTSIDE THE ORDINARY COURSE OF BUSINESS AND WHETHER PRIOR AUTHORITY FOR SUCH TRANSFER[S] WAS OBTAINED FROM THE COURT: 8. IF FUNDS ARE NOT FULLY COVERED BY FDIC OR FSLIC INSURANCE OF $100,000.00, PROVIDE NAME OF BANK[S] WHEREIN ESTATE MONIES ARE DEPOSITED AND THE BALANCE OF ALL ACCOUNTS THEREIN. ATTACHMENT TO CHAPTER 11 MONTHLY REPORT FOR THE MONTH OF January 29-March 4, 2001 ------------------ ---- PART B: SUMMARY OF CASH RECEIPTS AND DISBURSEMENTS CASH ACTIVITY ANALYSIS NATURE/TYPE OF ACCOUNT: X General/Operating Account; 212.215.361 ------ ----------- Tax Account; ------ Payroll Account; ------ Other: ------ Amount ------ 1. Cash Balance from previous month's report: $ 965,750 ---------- 2. Total Cash Receipts: [On a separate page provide a description of the source and amount - see Supplement to Part B] $1,161,432 ---------- 3. Cash Balance Available $2,127,182 ---------- [#1 plus #2] 4. Total Cash Disbursements: [On a separate page provide an itemization by major category of the disbursement and amount - See Supplement to Part B] $1,414,632 ----------
5. Ending Cash Balance $ 712,550 ---------- [#3 less #4] SUMMARY OF BANK ACCOUNT INFORMATION BANK NAME ACCOUNT NUMBER NATURE OF ACCOUNT AMOUNT* --------- -------------- ----------------- ------- Centura 212.215.361 DIP Operating TOTAL BANK BALANCE = $1,059,216 ----------
*This amount should be the ending balance from the checkbook after it was reconciled to the bank statement. If the Bank Balance does not agree with the --- Ending Cash Balance, in Part B, please explain the difference on Supplement to Part B. Centura Bank St. 1,059,216 Deposit In Trans. +6,560 TransferInTrans -131,000 Outstanding cks 222,226 Athey Books 712,550 SUPPLEMENT TO PART B: DESCRIPTION/ITEMIZATION OF RECEIPTS AND DISBURSEMENTS NATURE/TYPE OF ACCOUNT: X General/Operating Account; 212,215.361 ------- ----------- Tax Account; ------- Payroll Account; ------- Other: -------
1. RECEIPTS: Amount ------ Sales Collection of post-petition accounts receivable 1,058,834 Collection of pre-petition accounts receivable 102,598 -------- Borrowing by debtor Transfer from another account (# ) ------------- Other Income (describe on attachment) Less allowance for returns and discounts *TOTAL = $ 1,161,432 ------------ *Total equals item #2/Total Cash Receipts on Part B. Transfer to PR -464,000 2. DISBURSEMENTS: Amount ------ Purchases of inventory 593,230 ---------- Net Payroll Payroll Taxes (401K) 43,035 ---------- Rent Other lease payments 15,929 ---------- Utilities (Telephone, Electricity, Other) 61,674 ---------- Sales Tax 61 ---------- Other taxes Travel and Entertainment 16,787 ---------- Automobile or vehicle expense Service charges 22,414 ---------- Vehicle insurance(*see below) Life and health insurance 42,984 ---------- Other insurance* 3,088 ---------- Supplies 3,180 ---------- Freight 64,646 ---------- Advertising Repairs and Maintenance 1,755 ---------- Payments to secured creditors 50,304 ---------- Other Expenses 31,545 *TOTAL = $ 950,632 ---------- $1,414,632
*Total equals item #4/Total Cash Disbursements on Part B. EXPLANATION AS TO WHY BANK BALANCE DOES NOT AGREE WITH THE ENDING CASH BALANCE, --- #5 ON PART B: [LOGO] [BARCODE] ATHEY PRODUCTS CORP. DEBTOR IN POSSESSION 1839 SOUTH MAIN STREET WAKE FOREST, NC 27587-9289 -------------------------------------------------------------------------------- February 1, 2001 - February 28, 2001 Page 1 of 6 -------------------------------------------------------------------------------- ***IMPORTANT NOTICE*** AMENDMENTS TO SCHEDULE OF FEES AND SERVICE AGREEMENT Effective April 15, 2001 The Personal Schedule of Fees and the Commercial Schedule of Fees and Centura Service Agreement have been amended. Please review and retain the enclosed document for your records. For account inquiries, please call 1-800-CENTURA. In the Rocky Mount, N.C. calling area, please dial 252-454-3775. To change your address, please visit any Centura location or call 1-800-CENTURA and select option 1; then select option 2; then option 0 and speak with a Financial Services Representative . -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Checking Summary Commercial Checking # 021 221-536-1 Beginning Balance $ 993,034.69 Additions + 1,255,999.68 Reductions - 1,189,817.90 Ending Balance $ 1,059,216.47 -------------------------------------------------------------------------------- Checking Deposits Amount Detail 2/02 Deposit 139,584.09 2/05 Deposit 111,730.35 2/06 Deposit 184,560.09 2/13 Deposit 174,760.26 2/13 Deposit 101,127.23 2/13 Deposit 16,951.66 2/15 Deposit 143,006.61 2/15 Deposit 103,000.00 2/16 Deposit 163,496.95 2/20 Wire Transfer Deposit 16,365.00 2/21 Deposit 1,421.80 2/23 Deposit 56,937.64 2/23 Deposit 22,119.90 2/23 Deposit 19,120.87 2/23 Deposit 1,817.23 -------------------------------------------------------------------------------- [LOGO] [BARCODE] ATHEY PRODUCTS CORP. DEBTOR IN POSSESSION 1839 SOUTH MAIN STREET WAKE FOREST, NC 27587-9289 -------------------------------------------------------------------------------- February 1, 2001 - February 28, 2001 Page 2 of 6 --------------------------------------------------------------------------------
Checking Detail Checks Number Reference Amount Date Number Reference Amount Date ------------------------------------------------------------------------------------------------------------------- 4145 0400401265 458.55 2/05 4310 0411208019 157.36 2/07 4173* 0400102481 1,435.50 2/05 4311 0493905139 7,743.45 2/02 4194* 0490907788 452.66 2/01 4312 0499006489 1,429.03 2/05 4217* 0494601760 31.50 2/02 4313 0400401439 53.53 2/05 4219* 0490101941 1,040.75 2/01 4314 0494601733 9,771.00 2/02 4223* 0411301807 1,180.48 2/07 4315 0405505402 21.40 2/06 4224 0435801810 216.39 2/16 4316 0400806528 1,509.87 2/05 4235* 0443206304 106.59 2/21 4317 0404805442 52,477.00 2/06 4246* 0491000876 2,671.20 2/01 4318 0404805443 52,477.00 2/06 4247 0494805706 438.76 2/02 4319 0410101136 598.14 2/07 4250* 0495403597 119.50 2/02 4321* 0499106725 3,723.00 2/05 4252* 0411301806 1,228.50 2/07 4322 0404204102 835.80 2/06 4255* 0455903114 126.52 2/27 4323 0431903581 335.00 2/15 4256 0400802331 386.84 2/05 4324 0623102280 878.00 2/08 4264* 0490600577 490.40 2/01 4325 0431001810 24.16 2/14 4274* 0499809247 355.55 2/05 4326 0416009301 25.50 2/09 4279* 0490402083 18,886.00 2/01 4327 0423406139 4,181.29 2/13 4283* 0419105192 764.92 2/12 4328 0431001811 608.00 2/14 4285* 0423404945 1,137.70 2/13 4329 0410301522 113.25 2/07 4286 0494202352 922.00 2/02 4330 0423509250 53,466.00 2/13 4288* 0494506935 1,913.17 2/02 4331 0410403676 172.30 2/07 4289 0490700182 115.92 2/01 4332 0410403675 793.00 2/07 4290 0423106752 914.22 2/13 4333 0410408199 1,014.55 2/07 4291 0429306409 77.11 2/14 4335* 0499805006 570.16 2/05 4293* 0416005347 33.23 2/09 4336 0400005923 396.00 2/05 4295* 0411106431 82.04 2/07 4337 0429306411 68.85 2/14 4296 0490400164 172.52 2/01 4338 0429306410 454.70 2/14 4297 0431600074 3,294.23 2/15 4339 0420002175 74.08 2/12 4298 0494103303 1,571.00 2/02 4340 0404001517 6,504.54 2/06 4299 0537404356 351.00 2/13 4341 0405900080 667.85 2/06 4300 0412703892 1,199.87 2/08 4342 0403702463 132.30 2/06 4301 0411008001 144.90 2/07 4343 0429509621 410.76 2/14 4302 0490209021 421.55 2/01 4344 0625200357 107.12 2/12 4303 0489500942 174.63 2/01 4345 040580348a 1,700.90 2/06 4304 0615507154 543.00 2/05 4346 0420002314 2,223.64 2/12 4305 0537404357 3.50 2/13 4348* 0492008079 2,195.74 2/01 4306 0494105849 552.81 2/02 4349 0537403835 3,559.11 2/13 4307 0494105850 206.73 2/02 4350 0499009714 756.98 2/05 4308 0411109716 817.60 2/07 4351 0423005669 81.07 2/13 4309 0400904986 1,721.50 2/05 4352 0432704608 34.49 2/15
* Indicates one or more missing checks [LOGO] [BARCODE] ATHEY PRODUCTS CORP. DEBTOR IN POSSESSION 1839 SOUTH MAIN STREET WAKE FOREST, NC 27587-9289 -------------------------------------------------------------------------------- February 1, 2001 - February 28, 2001 Page 3 of 6 --------------------------------------------------------------------------------
Checking Detail Checks Number Reference Amount Date Number Reference Amount Date ------------------------------------------------------------------------------------------------------------------ 4353 0431904343 563.37 2/15 4395 0438105889 429.00 2/20 4354 0623009159 527.00 2/08 4396 0411709991 2,238.66 2/08 4355 0622705593 40.15 2/08 4397 0406804742 1,000.00 2/06 4356 0419801638 623.10 2/12 4398 0448301887 617.00 2/22 4357 0411609207 10,575.00 2/08 4399 0625200360 33.81 2/12 4358 0415700562 143.04 2/09 4400 0537500905 850.00 2/20 4359 0429104296 261.71 2/14 4401 0424907243 2,779.65 2/13 4360 0409700800 110.55 2/07 4402 0625102815 84.75 2/12 4361 0411805634 110.70 2/08 4403 0429304095 346.66 2/14 4362 0403608102 2,637.18 2/06 4405* 0625105744 276.00 2/12 4363 0405500896 79.19 2/06 4406 0419109383 134.31 2/12 4364 0455001879 21.00 2/26 4407 0419506024 207.82 2/12 4365 0405803917 138.00 2/06 4408 0415700561 269.70 2/09 4366 0404200416 1,134.41 2/06 4409 0622007082 89.71 2/07 4367 0415807546 2,399.60 2/09 4410 0620904808 449.10 2/07 4368 0403607739 2,647.33 2/06 4411 0540802117 580.00 2/26 4369 0403608101 21,782.32 2/06 4412 0441708560 773.84 2/21 4370 0404902370 84.62 2/06 4413 0419600542 1,191.68 2/12 4372* 0420001246 207.41 2/12 4414 0620904804 1,144.01 2/07 4373 0419603699 21.63 2/12 4415 0436705289 59.97 2/16 4374 0428607399 1,559.92 2/14 4416 0539804570 4,094.60 2/21 4375 0499907036 229.42 2/05 4417 0436705288 96.64 2/16 4376 0623102301 453.35 2./08 4418 0635904627 698.78 2/20 4377 0536807350 362.00 2/13 4419 0432109358 676.00 2/15 4378 0537506058 50.96 2/20 4420 0540701589 64.67 2/26 4379 0429305053 85.55 2/14 4421 0423100329 2,989.00 2/13 4380 0423903614 42.84 2/13 4422 0436705125 153.70 2/16 4381 0622705401 239.86 2/08 4423 0536802140 1,042.84 2/13 4382 0416002188 95.00 2/09 4424 0429509633 56.34 2/14 4383 0404906525 107.10 2/06 4426* 0428702033 163.30 2/14 4384 0448109687 61.41 2/22 4427 0620904806 157.00 2/07 4385 0415704654 50,303.63 2/09 4428 0540802118 217.50 2/26 4386 0412202781 172.52 2/08 4429 0432400912 43.99 2/15 4387 0435602422 158.54 2/16 4430 0625207556 9,087.33 2/12 4388 0424701018 2,296.00 2/13 4431 0625103970 368.24 2/12 4389 0412201307 2,092.00 2/08 4432 0428004669 8,293.60 2/14 4390 0410304457 523.69 2/07 4433 0419507268 137.38 2/12 4391 0408409807 426.03 2/06 4434 0626102756 384.59 2/12 4392 0424506786 1,412.50 2/13 4435 0422909142 236.33 2/13 4393 0412202780 9.93 2/08 4436 0448301886 10.59 2/22 4394 0626207776 2,327.20 2/12 4437 0423100152 233.85 2/13
* Indicates one or more missing checks [LOGO] [BARCODE] ATHEY PRODUCTS CORP. DEBTOR IN POSSESSION 1839 SOUTH MAIN STREET WAKE FOREST, NC 27587-9289 -------------------------------------------------------------------------------- February 1, 2001 - February 28, 2001 Page 4 of 6 --------------------------------------------------------------------------------
Checking Detail Checks Number Reference Amount Date Number Reference Amount Date ------------------------------------------------------------------------------------------------------------------ 4438 0424303514 13.93 2/13 4483 0425206267 656.55 2/13 4439 0429303496 45.42 2/14 4484 0455103482 198.51 2/26 4440 0437702607 70.00 2/20 4485 0436706872 408.10 2/16 4441 0423404873 258.70 2/13 4486 0431600555 1,697.12 2/15 4442 0536807351 240.00 2/13 4487 0452105070 85.10 2/23 4443 0429305561 121.92 2/14 4491* 0448202835 166.23 2/22 4444 0429208056 56.24 2/14 4492 0436109717 1,000.00 2/16 4445 0429309178 14.52 2/14 4493 0435408547 1,000.00 2/16 4446 0431001854 247.75 2/14 4494 0538003802 561.22 2/20 4447 0428806289 52.09 2/14 4495 0442607546 4,940.16 2/21 4448 0419208934 93.31 2/12 4496 0451701164 878.00 2/23 4449 0432406306 430.00 2/15 4500* 0447200756 2,612.90 2/22 4450 0641203028 1,681.62 2/26 4501 0447204694 1,500.00 2/22 4451 0414904182 300.00 2/09 4502 0438001261 1,847.43 2/20 4452 0448109688 10.43 2/22 4503 0452108522 557.18 2/23 4453 0427000836 362.48 2/13 4504 0461306769 366.79 2/28 4456* 0423100153 184.50 2/13 4505 0458107916 127.83 2/27 4457 0429509626 345.50 2/14 4507* 0436002582 982.89 2/16 4458 0428807146 135.00 2/14 4508 0443200255 510.00 2/21 4459 0431007143 529.68 2/14 4510* 0539804569 5,583.10 2/21 4460 0447509239 675.00 2/22 4511 0436707537 609.50 2/16 4461 0435004734 878.00 2/16 4512 0441909699 150.00 2/21 4462 0429604139 868.78 2/14 4513 0461306770 219.67 2/28 4463 0536801914 16,875.24 2/13 4514 0435405959 200.00 2/16 4465* 0436109325 233.53 2/16 4516* 0455200787 12.15 2/26 4466 0441708561 3,197.10 2/21 4517 0540007692 55,827.00 2/21 4467 0432204072 1,852.13 2/15 4518 0540401564 358.50 2/22 4468 0443604829 2,712.35 2/21 4519 0447600002 9.88 2/22 4469 0442301083 20.00 2/21 4520 0455903111 1,213.12 2/27 4470 0424605570 345.20 2/13 4521 0454608944 5,810.15 2/26 4471 0443204083 36.38 2/21 4522 0455705191 12.09 2/27 4473* 0448009717 286.60 2/22 4523 0537607207 4,751.24 2/20 4474 0443001046 108.70 2/21 4526* 0540802005 215.22 1/26 4475 0448208193 1,225.60 2/22 4527 0458206949 87.93 2/27 4476 0448001967 263.63 2/22 4528 0458206948 263.98 2/27 4477 0540507070 217.29 2/26 4529 0458206947 626.21 2/27 4478 0448009718 522.26 2/22 4530 0463104808 429.00 2/28 4479 0435307194 8,906.90 2/16 4531 0451301651 462.50 2/23 4480 0458505001 364.05 2/27 4532 0444600192 61.20 2/21 4481 0425206265 613.15 2/13 4533 0540709912 1,247.60 2/26 4482 0446400730 58.49 2/22 4534 0462707672 67.60 2/28
* Indicates one or more missing checks [LOGO] [BARCODE] ATHEY PRODUCTS CORP. DEBTOR IN POSSESSION 1839 SOUTH MAIN STREET WAKE FOREST, NC 27587-9289 -------------------------------------------------------------------------------- February 1, 2001 - February 28, 2001 Page 5 of 6 --------------------------------------------------------------------------------
Checking Detail Checks Number Reference Amount Date Number Reference Amount Date ------------------------------------------------------------------------------------------------------------------- 4535 0540604297 72.56 2/26 4572 0458502990 4,855.00 2/27 4536 0540802203 99.40 2/26 4573 0451808156 350.00 2/23 4537 0633309825 200.00 2/16 4574 0458206950 183.18 2/27 4538 0633309827 188.95 2/16 4575 0457504021 13,195.50 2/27 4539 0448306895 2,955.08 2/22 4576 0447300772 490.00 2/22 4540 0448304625 965.30 2/22 4579* 0451104171 392.77 2/23 4541 0451904209 514.08 2/23 4580 0456003952 36,641.95 2/27 4542 0455001880 1,044.00 2/26 4581 0462308641 7,575.98 2/28 4543 0451701729 44.01 2/23 4582 0640803844 271.00 2/26 4544 0446706404 117.15 2/22 4588* 0463005716 326.65 2/28 4545 0461502682 1,756.19 2/28 4589 0447300771 2,406.12 2/22 4546 0451101954 52.68 2/23 4590 0639003088 2,274.28 2/21 4547 0633503740 169.29 2/16 4591 0456102212 162.50 2/27 4548 0540005976 342.00 2/21 4592 0540800077 2,575.15 2/26 4549 0447808810 1,332.57 2/22 4601* 0462105307 47.06 2/28 4550 0539604559 275.00 2/21 4605* 0457508561 43.08 2/27 4551 0451701177 73.99 2/23 4606 0462104958 100.09 2/28 4552 0539409471 899.94 2/21 4607 0463101360 3,523.85 2/28 4553 0452005633 1,182.72 2/23 4609* 0458000588 829.60 2/27 4554 0452208051 2,975.00 2/23 4612* 0540600680 317.95 2/26 4555 0447503528 258.51 2/22 4615* 0459603811 37.47 2/27 4556 0448202312 1,228.24 2/22 4617* 0455903112 1,896.20 2/27 4557 0442201121 15.96 2/21 4618 0462604468 1,990.80 2/28 4558 0442000756 258.06 2/21 4620* 0458003642 102.10 2/27 4560* 0451904210 194.04 2/23 4627* 0461603404 180.00 2/28 4561 0441903829 174.63 2/21 4628 0462104957 71.98 2/28. 4562 0540007693 43,679.62 2/21 4638* 0458309899 32.46 2/27 4563 0448009730 787.50 2/22 4683* 0459900230 29.58 2/27 4564 0540005821 109.76 2/21 0493402024 68,000.00 2/01 4565 0448407255 719.20 2/22 0620704744 64,000.00 2/07 4566 0452300567 3,200.00 2/23 0631100702 64,000.00 2/14 4569* 0640609340 454.07 2/26 0450601268 63,000.00 2/22 4570 0454606455 276.88 2/26 0465700256 74,000.00 2/28 4571 0462907343 20.24 2/28
* Indicates one or more missing checks Preauthorized and Pocket Check Withdrawals Amount 2/07 Wire Transfer Withdrawal 11,827.71 2/08 Return Item - Chargeback 101,127,23 2/09 Wire Transfer Withdrawal 2,217.85 2/13 Wire Transfer Withdrawal 3,871.48 -------------------------------------------------------------------------------- [LOGO] Centura [BARCODE] ATHEY PRODUCTS CORP. DEBTOR IN POSSESSION 1839 SOUTH MAIN STREET WAKE FOREST, NC 27587-9289
------------------------------------------------------------------------------------------------------------------------------------ February 1, 2001 - February 28, 2001 Page 6 of 6 ------------------------------------------------------------------------------------------------------------------------------------ Checking Detail Preauthorized and Pocket Check Withdrawals Amount 2/15 Wire Transfer Withdrawal 9,919.30 2/15 Wire Transfer Withdrawal 5,390.00 2/21 Wire Transfer Withdrawal 4,968.16 2/22 Wire Transfer Withdrawal 17,204.67
------------------------------------------------------------------------------------------------------------------------------------ Date Balance Date Balance Date Balance ------------------------------------ ------------------------------ ------------------------------ Checking Balance History 2/01 $ 898,413.32 2/12 874,192.00 2/22 1,137,065.87 2/02 1,014,727.49 2/13 1,068,521.02 2/23 1,226,099.44 2/05 1,112,888.91 2/14 989,693.46 2/26 1,210,722.72 2/06 1,152,596.03 2/15 1,211,464.44 2/27 1,149,892.37 2/07 1,067,992.14 2/16 1,359,498.99 2/28 1,059,216.47 2/08 948,327.87 2/20 1,366,605.36 2/09 892,540.32 2/21 1,236,908.73
ATTACHMENT TO CHAPTER 11 MONTHLY REPORT FOR THE MONTH OF January 29-March 4, 2001 ------------------ -- PART B: SUMMARY OF CASH RECEIPTS AND DISBURSEMENTS CASH ACTIVITY ANALYSIS NATURE/TYPE OF ACCOUNT: ______ General/Operating Account; ______ Tax Account; ______ Payroll Account; X Other: Non Cash Collateral 212.215.396 ------ ------------------------------- Amount ------ 1. Cash Balance from previous month's report: $ 220,429 --------- 2. Total Cash Receipts: [On a separate page provide a description of the source and amount - see Supplement to Part B] $ 3,255 --------- 3. Cash Balance Available $ 223,684 --------- [#1 plus #2] 4. Total Cash Disbursements: [On a separate page provide an itemization by major category of the disbursement and amount - See Supplement to Part B] $ 0 --------- 5. Ending Cash Balance $ 223,684 [#3 less #4] --------- SUMMARY OF BANK ACCOUNT INFORMATION BANK NAME ACCOUNT NUMBER NATURE OF ACCOUNT AMOUNT* --------- -------------- ----------------- ------- Centura 212.215.396 Non Cash Collateral TOTAL BANK BALANCE = $ 223,684 ---------- *This amount should be the ending balance from the checkbook after it was reconciled to the bank statement. If the Bank Balance does not agree with the --- Ending Cash Balance, in Part B, please explain the difference on Supplement to Part B. SUPPLEMENT TO PART B: DESCRIPTION/ITEMIZATION OF RECEIPTS AND DISBURSEMENTS NATURE/TYPE OF ACCOUNT: _______ General/Operating Account; _______ Tax Account; _______ Payroll Account; X Other: Non -cash collateral 212.215.396 ------- -------------------------------- 1. RECEIPTS: Amount ------ Sales _________ Collection of post-petition accounts receivable _________ Collection of pre-petition accounts receivable _________ Borrowing by debtor _________ Transfer from another account (# 361 ) _________ --- Other Income (describe on attachment) Refunds, Cobra $ 3,255 --------- Less allowance for returns and discounts _________ *Total = $ 3,255 --------- *Total equals item #2/Total Cash Receipts on Part B. 2. DISBURSEMENTS: Amount ------ Purchases of inventory _________ Net Payroll _________ Payroll Taxes _________ Rent _________ Other Lease payment _________ Utilities (Telephone, Electricity, Other) _________ Sales Tax _________ Other taxes _________ Travel and Entertainment _________ Automobile or vehicle expense _________ Service charges _________ Vehicle insurance _________ Life and health insurance _________ Other insurance _________ Supplies _________ Freight _________ Advertising _________ Repairs and Maintenance _________ Payments to secured creditors _________ _________ Other Expenses _________ *TOTAL = $ 0 --------- *Total equals item #4/Total Cash Disbursements on Part B. EXPLANATION AS TO WHY BANK BALANCE DOES NOT AGREE WITH THE ENDING CASH BALANCE, --- #5 ON PART B: [LOGO] Centura [BARCODE] ATHEY PRODUCTS CORP. DEBTOR IN POSSESSION 1839 SOUTH MAIN STREET WAKE FOREST, NC 27587-9289 -------------------------------------------------------------------------------- February 1, 2001 - February 28, 2001 Page 1 of 1 -------------------------------------------------------------------------------- ***IMPORTANT NOTICE*** AMENDMENTS TO SCHEDULE OF FEES AND SERVICE AGREEMENT Effective April 15, 2001 The Personal Schedule of Fees and the Commercial Schedule of Fees and Centura Service Agreement have been amended. Please review and retain the enclosed document for your records. For account inquiries, please call 1-800-CENTURA. In the Rocky Mount, N.C. calling area, please dial 252-454-3775. To change your address, please visit any Centura location or call 1-800-CENTURA and select option 1; then select option 2; then option 0 and speak with a Financial Services Representative . -------------------------------------------------------------------------------- Checking Summary Commercial Checking # 021 221-539-6 Beginning Balance $ 220,428.74 Additions + 3,254.97 Reductions - .00 Ending Balance $ 223,683.71 -------------------------------------------------------------------------------- Checking Deposits Amount Detail 2/13 Deposit $1,445.14 2/15 Deposit 274.47 2/16 Deposit 1,197.64 2/23 Deposit 337.72 -------------------------------------------------------------------------------- Checking Balance History
Date Balance Date Balance Date Balance ----------------------- ----------------------- ------------------------- 2/13 $ 221,873.88 2/16 223,345.99 2/15 222,148.35 2/23 223,683.71
ATTACHMENT TO CHAPTER 11 MONTHLY REPORT FOR THE MONTH OF January 29-March 4, 2001 PART B: SUMMARY OF CASH RECEIPTS AND DISBURSEMENTS CASH ACTIVITY ANALYSIS NATURE/TYPE OF ACCOUNT: General/Operating Account; ______ X Tax Account; 212.215.388 ----- ----------- X Payroll Account; ----- Other: ______ Amount -------- 2. Cash Balance from previous month's report: $ 986 -------- 2. Total Cash Receipts: [On a separate page provide a description of the source and amount - see Supplement to Part B] $464,000 -------- 3. Cash Balance Available $464,986 -------- [#1 plus #2] 4. Total Cash Disbursements: [On a separate page provide an itemization by major category of the disbursement and amount - See Supplement to Part B] $464,919 -------- 5. Ending Cash Balance $ 67 -------- [#3 less #4] SUMMARY OF BANK ACCOUNT INFORMATION BANK NAME ACCOUNT NUMBER NATURE OF ACCOUNT AMOUNT* --------- -------------- ----------------- ------- Centura 212.215.388 Payroll & PR Tax TOTAL BANK BALANCE = $ 84,080 ------- *This amount should be the ending balance from the checkbook after it was reconciled to the bank statement. If the Bank Balance does not agree with the --- Ending Cash Balance, in Part B, please explain the difference on Supplement to Part B. Centura Bank St. 84,080 Transfer in Transit +131,000 Outstanding cks -215,013 ---------- Athey Books 67 SUPPLEMENT TO PART B: DESCRIPTION/ITEMIZATION OF RECEIPTS AND DISBURSEMENTS NATURE/TYPE OF ACCOUNT: _______ General/Operating Account; 212.215.388 X Tax Account; ----------- ------ X Payroll Account; ------- _______Other: 1. RECEIPTS: Amount ------ Sales _______ Collection of post-petition accounts receivable _______ Collection of pre-petition accounts receivable _______ Borrowing by debtor _______ Transfer from another account (# 361 ) 464,000 --------- _______ Other Income (describe on attachment) _______ Less allowance for returns and discounts *TOTAL=$464,000 ------- *Total equals item #2/Total Cash Receipts on Part B. 2. DISBURSEMENTS: Amount ------ Purchases of inventory _______ Net Payroll 311,330 ------- Payroll Taxes 153,275 ------- Rent _______ Other lease payments _______ Utilities (Telephone, Electricity, Other) _______ Sales Tax _______ Other taxes _______ Travel and Entertainment _______ Automobile or vehicle expense _______ Service charges _______ Vehicle insurance _______ Life and health insurance _______ Other insurance Supplies _______ Freight _______ Advertising _______ Repairs and Maintenance _______ Payments to secured creditors _______ Other Expenses _______ *TOTAL = $ 464,986 -------- *Total equals item #4/Total Cash Disbursements on Part B. EXPLANATION AS TO WHY BANK BALANCE DOES NOT AGREE WITH THE ENDING CASH BALANCE, --- #5 ON PART B: [LOGO] Centura [BARCODE] ATHEY PRODUCTS CORP. DEBTOR IN POSSESSION 1839 SOUTH MAIN STREET WAKE FOREST, NC 27587-9289 -------------------------------------------------------------------------------- February 1, 2001 - February 28, 2001 Page 1 of 6 -------------------------------------------------------------------------------- ***IMPORTANT NOTICE*** AMENDMENTS TO SCHEDULE OF FEES AND SERVICE AGREEMENT Effective April 15, 2001 The Personal Schedule of Fees and the Commercial Schedule of Fees and Centura Service Agreement have been amended. Please review and retain the enclosed document for your records. For account inquiries, please call 1-800-CENTURA. In the Rocky Mount, N.C. calling area, please dial 252-454-3775. To change your address, please visit any Centura location or call 1-800-CENTURA and select option 1; then select option 2; then option 0 and speak with a Financial Services Representative . -------------------------------------------------------------------------------- Checking Summary Commercial Checking # 021 221-538-8 Beginning Balance $ 4,978.54 Additions + 333,000.00 Reductions - 253,898.29 Ending Balance $ 84,080.25 -------------------------------------------------------------------------------- Checking Deposits Amount Detail 2/01 Deposit $68,000.00 2/07 Deposit 64,000.00 2/14 Deposit 64,000.00 2/22 Deposit 63,000.00 2/28 Deposit 74,000.00 Checks --------------------------------------------------------------------------------
Checking Detail Checks Number Reference Amount Date Number Reference Amount Date --------------------------------------------------------------------------------------------------------------- 20260 0491002209 861.28 2/01 20361 0623102303 668.58 2/08 20276* 0404200807 704.26 2/06 20362 0403902592 400.88 2/06 20282* 0409305780 521.18 2/07 20363 0494307853 378.32 2/02 20302* 0490101559 319.38 2/01 20364 0400000617 539.45 2/05 20356* 0493905205 1,200.60 2/02 20365 0494200450 791.80 2/02 20357 0432802968 861.28 2/15 20366 0494200449 497.34 2/02 20358 0432802969 161.13 2/15 20367 0499704639 555.96 2/05 20359 0499904335 581.25 2/05 20368 0494108688 573.74 2/02 20360 0623102302 698.36 2/08 20369 0400107406 1,116.47 2/05
* Indicates one or more missing checks [LOGO] [BARCODE] ATHEY PRODUCTS CORP. DEBTOR IN POSSESSION 1839 SOUTH MAIN STREET WAKE FOREST, NC 27587-9289
----------------------------------------------------------------------------------------------------------------------------------- February 1, 2001 - February 28, 2001 Page 2 of 6 ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Checking Detail Checks Number Reference Amount Date Number Reference Amount Date -------------------------------------------------------------------------------------------------------------------- 20371* 0494307852 522.78 2/02 20412 0499904345 431.34 2/05 20372 0400407312 433.66 2/05 20413 0499304500 333.94 2/05 20373 0494903303 535.72 2/02 20414 0494108687 328.54 2/02 20374 0405508340 965.34 2/06 20415 0499504865 432.15 2/05 20375 0404200808 704.26 2/06 20416 0499704822 382.78 2/05 20376 0411805196 746.93 2/08 20417 0499904342 502.82 2/05 20377 0494307847 536.58 2/02 20418 0499209728 454.88 2/05 20378 0497309537 683.60 2/02 20419 0494200065 331.66 2/02 20379 0494900988 713.06 2/02 20420 0404801286 115.62 2/06 20380 0403704364 681.36 2/06 20421 0494108689 498.78 2/02 20381 0404205661 521.18 2/06 20422 0499904344 452.70 2/05 20382 0494705596 887.90 2/02 20423 0400000622 210.37 2/05 20383 0401000693 432.74 2/05 20424 0499908098 116.31 2/05 20384 0494404945 336.86 2/02 20425 0495401135 405.73 2/02 20385 0400001042 86.54 2/05 20426 0404509676 515.51 2/06 20386 0400000739 429.66 2/05 20427 0499904088 472.19 2/05 20387 0499308861 408.04 2/05 20428 0499407318 371.73 2/05 20388 0401000589 377.20 2/05 20429 0499904343 358.88 2/05 20389 0401207254 348.85 2/05 20430 0401000590 403.72 2/05 20390 0499904340 560.60 2/05 20431 0494404946 347.16 2/02 20391 0400000742 420.06 2/05 20432 0499304187 373.45 2/05 20392 0400000738 389.87 2/05 20433 0400001045 62.00 2/05 20393 0494307854 395.43 2/02 20434 0400000619 354.63 2/05 20394 0495905980 388.05 2/02 20435 0494108690 517.31 2/02 20395 0400000615 406.95 2/05 20436 0494409986 361.50 2/02 20396 0494307849 459.78 2/02 20437 0400000621 390.09 2/05 20397 0404708560 487.02 2/06 20438 0400201455 425.14 2/05 20398 0499304680 421.60 2/05 20439 0499308866 398.57 2105 20399 0412401393 831.89 2/08 20440 0499503353 424.24 2/05 20400 0499904337 423.04 2/05 20441 0494200223 417.57 2/02 20401 0499101616 385.61 2/05 20442 0409507402 134.78 2/07 20402 0400000735 353.17 2/05 20443 0411507164 355.61 2/08 20403 0400000741 366.93 2/05 20444 0499803865 475.46 2/05 20404 0499904346 417.80 2/05 20445 0499101647 460.40 2/05 20405 0400000620 304.50 2/05 20446 0494606151 386.92 2/02 20406 0400705259 429.19 2/05 20447 0499407317 361.08 2/05 20407 0499209679 516.87 2/05 20448 0412200693 388.91 2/08 20408 0403902598 402.49 2/06 20449 0499904338 376.61 2/05 20409 0400000616 486.38 2/05 20450 0400000618 367.05 2/05 20410 0499001915 411.97 2/05 20451 0499407313 380.03 2/05 20411 0499904341 426.60 2/05 20452 0499904339 493.67 2/05
* Indicates one or more missing checks [LOGO] [BARCODE] ATHEY PRODUCTS CORP. DEBTOR IN POSSESSION 1839 SOUTH MAIN STREET WAKE FOREST, NC 27587-9289
----------------------------------------------------------------------------------------------------------------------------------- February 1, 2001 - February 28, 2001 Page 3 of 6 ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Checking Detail Checks Number Reference Amount Date Number Reference Amount Date -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- 20453 0415700957 1,200.60 2/09 20494 0625503505 487.02 2/12 20454 0429601916 861.28 2/14 20495 0625906157 421.60 2/12 20455 0625503191 581.25 2/12 20496 0424505721 831.89 2/13 20456 0436004706 527.91 2/16 20497 0625503176 423.04 2/12 20457 0536809543 400.88 2/13 20498 0428102913 385.61 2/14 20458 0423507509 378.32 2/13 20499 0625504856 266.35 2/12 20459 0625503174 539.45 2/12 20500 0419106580 366.93 2/12 20460 0415602800 791.80 2/09 20501 0625503190 417.80 2/12 20461 0435707725 497.34 2/16 20502 0625503192 304.50 2/12 20462 0414904183 555.96 2/09 20503 0419806182 429.19 2/12 20463 0415600047 573.74 2/09 20504 0625900270 516.87 2/12 20464 0415700951 1,116.47 2/09 20505 0625900280 402.49 2/12 20465 0415407415 639.19 2/09 20506 0415603061 413.56 2/09 20466 0415407416 639.19 2/09 20507 0626106502 411.97 2/12 20467 0414904187 522.78 2/09 20508 0625503193 426.60 2/12 20468 0423608241 469.72 2/13 20509 0625503196 431.34 2/12 20469 0415009667 535.72 2/09 20510 0415409378 335.94 2/09 20470 0423207819 965.34 2/13 20511 0415600128 321.82 2/09 20471 0636000784 704.26 2/20 20512 0625609061 432.15 2/12 20472 0427807868 746.93 2/14 20513 0625203936 382.78 2/12 20473 0414904190 536.58 2/09 20514 0625503181 502.82 2/12 20474 0417907043 683.60 2/09 20515 0625900273 457.33 2/12 20475 0436109718 713.06 2/16 20516 0625504857 265.42 2/12 20476 0427905655 681.36 2/14 20517 0625505593 115.62 2/12 20477 0441702695 145.12 2/21 20518 0415602813 415.71 2/09 20478 0414504763 887.90 2/09 20519 0625503183 386.23 2/12 20479 0420108161 432.74 2/12 20520 0423904496 220.12 2/13 20480 0415409067 351.50 2/09 20521 0625505589 116.31 2/12 20481 0625505519 86.54 2/12 20522 0415909887 405.73 2/09 20482 0625409686 336.33 2/12 20523 0537107811 431.18 2/13 20483 0415602447 392.40 2/09 20524 0625504862 392.65 2/12 20484 0625907737 408.04 2/12 20525 0625702542 371.73 2/12 20485 0420108183 377.20 2/12 20526 0625503178 358.88 2/12 20486 0625808544 348.85 2/12 20527 0420108162 403.72 2/12 20487 0625503188 402.37 2/12 20528 0431709918 210.08 2/15 20488 0625504869 420.06 2/12 20529 0625806778 125.45 2/12 20489 0625504858 389.87 2/12 20530 0625505561 62.00 2/12 20490 0625203928 395.43 2/12 20531 0423603558 358.73 2/13 20491 0418808262 388.05 2/09 20532 0419106286 406.64 2/12 20492 0625503175 406.95 2/12 20533 0415404697 308.71 2/09 20493 0414904180 459.78 2/09 20534 0625503173 335.72 2/12
* Indicates one or more missing checks [LOGO] [BARCODE] ATHEY PRODUCTS CORP. DEBTOR IN POSSESSION 1839 SOUTH MAIN STREET WAKE FOREST, NC 27587-9289
----------------------------------------------------------------------------------------------------------------------------------- February 1, 2001 - February 28, 2001 Page 4 of 6 ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Checking Detail Checks Number Reference Amount Date Number Reference Amount Date -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- 20535 0626207075 374.57 2/12 20576 0635401026 86.54 2/20 20536 0625907466 398.57 2/12 20578* 0635404299 439.35 2/20 20537 0625503179 424.24 2/12 20579 0635507555 339.94 2/20 20538 0625907699 362.03 2/12 20580 0538005431 377.20 2/20 20539 0423605161 42.87 2/13 20581 0635607647 348.85 2/20 20540 0537107808 357.68 2/13 20582 0635404185 402.37 2/20 20541 0625307082 392.20 2/12 20583 0635404305 420.06 2/20 20542 0626106588 381.20 2/12 20584 0635404298 389.87 2/20 20543 0414605617 405.32 2/09 20585 0635103587 395.43 2/20 20544 0625601009 361.08 2/12 20586 0632302417 390.99 2/16 20545 0537000475 388.91 2/13 20587 0635404198 406.95 2/20 20546 0635304328 376.61 2/20 20588 0435405963 459.78 2/16 20547 0625503182 367.05 2/12 20589 0540008543 487.02 2/21 20548 0625601008 388.45 2/12 20590 0635506265 421.60 2/20 20549 0625503180 387.96 2/12 20591 0443601098 831.89 2/21 20550 0435500655 1,200.60 2/16 20592 0635404190 423.04 2/20 20551 0443608499 861.28 2/21 20593 0635705239 385.61 2/20 20552 0635404188 581.25 2/20 20594 0435706762 309.76 2/16 20553 0451701176 669.95 2/23 20595 0437800683 366.93 2/20 20554 0442603555 400.88 2/21 20596 0635404199 417.80 2/20 20555 0451008026 378.32 2/23 20597 0635404191 304.50 2/20 20556 0540008963 539.45 2/21 20598 0537702225 429.19 2/20 20557 0435706305 791.80 2/16 20599 0436002528 516.87 2/16 20558 0635402788 497.34 2/20 20600 0635607079 402.49 2/20 20559 0435405960 555.96 2/16 20602* 0635704484 411.97 2/20 20560 0435706767 573.74 2/16 20603 0635404197 426.60 2/20 20561 0437600874 1,116.47 2/20 20604 0635404200 359.37 2/20 20562 0435808849 639.19 2/16 20605 0435903309 333.94 2/16 20563 0435405964 522.78 2/16 20607* 0635109655 432.15 2/20 20564 0537609079 469.72 2/20 20608 0635103569 382.78 2/20 20565 0442308042 535.72 2/21 20609 0635404195 502.82 2/20 20566 0631901230 965.34 2/15 20610 0635607078 397.85 2/20 20567 0636000785 704.26 2/20 20611 0435706763 265.42 2/16 20568 0635708260 746.93 2/20 20612 0635400988 115.62 2/20 20569 0435405957 536.58 2/16 20613 0435706766 415.71 2/16 20570 0540807735 683.60 2/26 20614 0635404193 386.23 2/20 20571 0436109716 713.06 2/16 20615 0635404201 220.12 2/20 20572 0435408548 681.36 2/16 20616 0635405411 116.31 2/20 20573 0435202549 887.90 2/16 20617 0436504683 405.73 2/16 20574 0538005365 432.74 2120 20618 0539306324 431.18 2/21 20575 0436002529 366.14 2/16 20619 0437801020 379.38 2/20
* Indicates one or more missing checks [LOGO] [BARCODE] ATHEY PRODUCTS CORP. DEBTOR IN POSSESSION 1839 SOUTH MAIN STREET WAKE FOREST, NC 27587-9289
----------------------------------------------------------------------------------------------------------------------------------- February 1, 2001 - February 28, 2001 Page 5 of 6 ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Checking Detail Checks Number Reference Amount Date Number Reference Amount Date -------------------------------------------------------------------------------------------------------------------- 20620 0539500293 371.73 2/21 20668* 0641102937 887.90 2/26 20621 0635404186 358.88 2/20 20669 0462703878 432.74 2/28 20622 0538005432 403.72 2/20 20670 0451804003 386.63 2/23 20623 0442609012 311.45 2/21 20671 0640704073 86.54 2/26 20624 0635400915 62.00 2/20 20672 0640702154 336.33 2/26 20625 0540008965 358.73 2/21 20673 0640706759 430.84 2/26 20626 0635404304 406.64 2/20 20674 0462506130 202.21 2/28 20627 0635404189 379.13 2/20 20675 0462703746 377.20 2/28 20628 0635404196 335.72 2/20 20676 0465108318 348.85 2/28 20629 0635902542 374.57 2/20 20677 0640706008 402.37 2/26 20630 0635605765 426.14 2/20 20678 0451909766 420.06 2/23 20631 0635202130 424.24 2/20 20679 0640706758 389.87 2/26 20632 0435901792 362.03 2/16 20680 0640604590 395.43 2/26 20633 0540008683 42.87 2/21 20681 0639508033 390.99 2/23 20634 0539306283 357.68 2/21 20682 0451908511 406.95 2/23 20635 0634909822 392.20 2/20 20683 0640603607 459.78 2/26 20636 0636006684 381.20 2/20 20684 0640704260 487.02 2/26 20637 0635308426 405.32 2/20 20685 0640805021 421.60 2/26 20638 0635203844 361.08 2/20 20686 0463008812 831.89 2/28 20639 0442806631 388.91 2/21 20687 0640705993 423.04 2/26 20640 0635502790 376.61 2/20 20689* 0641200912 385.61 2/26 20641 0538005361 367.05 2/20 20690 0640706770 309.76 2/26 20642 0635107488 388.45 2/20 20691 0454607509 366.93 2/26 20643 0635404202 387.96 2/20 20692 0640706003 417.80 2/26 20644 0451306380 1,200.60 2/23 20693 0640705995 304.50 2/26 20645 0463100137 861.28 2/28 20694 0455108107 429.19 2/26 20646 0451908510 581.25 2/23 20695 0457508396 516.87 2/27 20648* 0462500659 400.88 2/28 20697* 0457508435 402.49 2/27 20649 0451008025 378.32 2/23 20698 0640706000 413.56 2/26 20650 0640706001 539.45 2/26 20699 0645404631 411.97 2/27 20651 0451908497 791.80 2/23 20700 0640706006 426.60 2/26 20652 0640705204 497.34 2/26 20701 0451908512 341.38 2/23 20653 0451008027 555.96 2/23 20703* 0451908790 428.54 2/23 20654 0451908587 573.74 2/23 20704 0641102913 432.15 2/26 20657* 0446601521 522.78 2/22 20705 0640604582 382.78 2/26 20658 0455105390 469.72 2/26 20706 0640705991 502.82 2/26 20659 0451207031 535.72 2/23 20707 0640803813 327.45 2/26 20660 0454703981 965.34 2/26 20708 0640706771 265.42 2/26 20662* 0461408290 451.09 2/28 20709 0640706517 115.62 2/26 20663 0451008021 536.58 2/23 20710 0451908594 415.71 2/23 20664 0454305349 683.60 2/23 20711 0640706005 386.23 2/26
* Indicates one or more missing checks [LOGO] [BARCODE] ATHEY PRODUCTS CORP. DEBTOR IN POSSESSION 1839 SOUTH MAIN STREET WAKE FOREST, NC 27587-9289
----------------------------------------------------------------------------------------------------------------------------------- February 1, 2001 - February 28, 2001 Page 6 of 6 ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Checking Detail Checks Number Reference Amount Date Number Reference Amount Date -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- 20712 0640706007 157.15 2/26 20726 0454605840 374.57 2/26 20713 0640706583 116.31 2/26 20727 0451802074 426.14 2/23 20714 0452302692 405.73 2/23 20728 0640705992 424.24 2/26 20715 0456401937 431.18 2/27 20729 0451801964 362.03 2/23 20716 0640706760 392.65 2/26 20730 0456902123 42.87 2/27 20717 0456203914 371.73 2/27 20732* 0641505229 392.20 2/26 20718 0640705994 358.88 2/26 20733 0640706009 381.20 2/26 20719 0462703836 403.72 2/28 20734 0451005344 405.32 2/23 20720 0640809743 311.45 2/26 20735 0641007007 361.08 2/26 20721 0640706512 62.00 2/26 20736 0640803787 388.91 2/26 20722 0456905790 358.73 2/27 20737 0641109298 376.61 2/26 20723 0640706772 406.64 2/26 20738 0457702469 367.05 2/27 20724 0640809737 379.13 2/26 20739 0641007335 388.45 2/26 20725 0640706004 289.96 2/26 20740 0640705999 245.15 2/26
* Indicates one or more missing checks Preauthorized and Pocket Check Withdrawals Amount 2/02 4250 PRIMEPAY - 22,747.81 2/09 4250 PRIMEPAY - 21,333.02 2/15 4250 PRIMEPAY - 21,299.94 2/22 4250 PRIMEPAY - 21,073.51 -------------------------------------------------------------------------------- Checking Balance History
Date Balance Date Balance Date Balance ---------------------------- --------------------------- --------------------------- 2/01 $71,797.88 2/12 14,813.34 2/22 47,717.49 2/02 36,553.34 2/13 9,967.70 2/23 36,442.17 2/05 14,256.15 2/14 71,292.52 2/26 17,293.00 2/06 8,758.23 2/15 47,794.75 2/27 14,390.11 2/07 72,102.27 2/16 35,127.10 2/28 84,080.25 2/08 68,411.99 2/20 12,377.69 2/09 34,196.92 2/21 6,313.78
ATTACHMENT TO CHAPTER 11 MONTHLY REPORT FOR THE MONTH OF January 29-March 4, 2001 ------------------ ---- PART C: STATEMENT OF STATUS OF PAYMENTS MADE TO SECURED CREDITORS: 1. [name] Wells Fargo Business Credit ------------------------------ Regular contracted payment $____________ per Adequate protection payment offered $ 50,304 per mo/Interest expense for Jan. --------- --------------------------- Number and amount of Post-petition adequate protection payments not made: #____________ $ --- 2. [name] Triad Freightliner of NC, Ins. (Contested Secured Status) --------------------------------------------------------- Regular contracted payment $____________ per Adequate protection payment offered $ 257,927 per Chassis Paid (5 paid for by customer) --------- ------------------------------------- to Northen Blue Escrow ---------------------- Number and amount of Post-petition adequate protection payments not made: #____________ $ --- 3. [name] ------ Regular contracted payment $____________ per Adequate protection payment offered $____________ per Number and amount of Post-petition adequate protection payments not made: #____________ $ --- 4. [name] ------ Regular contracted payment $____________ per Adequate protection payment offered $____________ per Number and amount of Post-petition adequate protection payments not made: #____________ $ ---
[Attach a separate page for additional secured creditors] ATTACHMENT TO CHAPTER 11 MONTHLY REPORT FOR THE MONTH OF January 29-March 4, 2001 ------------------ ---- PART D: SUMMARY OF ACCOUNTS RECEIVABLE Amount ------ 1. Beginning Balance $ 1,207,964 ----------- 2. Sales on Account (incl Warranty Cr, Freight) $ 2,635,563 ----------- 3. Collections on Account $ 1,159,229 ----------- 4. Ending Balance $ 2,684,298 ----------- [Item #1 plus #2 minus #3] STATUS OF COLLECTIONS: Amount ------ Current to 30 days $ 2,304,341 ----------- 31 to 60 days $ 191,431 ----------- 61 to 90 days $ 64,380 ----------- 91 to 120 days $ 124,146 ----------- 121 days and older $ TOTAL: $ 2,684,298 ----------- ATTACHMENT TO CHAPTER 11 MONTHLY REPORT FOR THE MONTH OF January 29-March 4, 2001 ------------------ ---- PART E: SUMMARY OF ACCOUNTS PAYABLE [EXCLUDING PRE-PETITION ACCOUNTS PAYABLE] --------------------------------------- Amount ------ Current to 30 days $ 0 -------- 31 to 60 days $ 0 -------- 61 to 90 days $ 91 to 120 days $ 121 days and older $ TOTAL: $ 0 -------- ATTACHMENT TO CHAPTER 11 MONTHLY REPORT FOR THE MONTH OF January 29-March 4, 2001 ------------------ ---- PART F: STATEMENT OF STATUS OF PAYMENTS MADE TO LESSORS LESSORS WHOSE LEASES HAVE NOT BEEN REJECTED: 1. [name] Citicorp Del Lease Inc. ------------------------------ Regular contracted payment $ 2799.90 per month --------- ----- Number and amount of Post-petition lease payments not made: # NA $ --- ---- 2. [name] Dell Financial --------------------- Regular contracted payment $ 357.07 per month --------- ----- Number and amount of Post-petition lease payments not made: # NA $ --- ---- 3. [name] Dell Financial --------------------- Regular contracted payment $ 1797.62 per month --------- ----- Number and amount of Post-petition lease payments not made: # NA $ --- ---- 4. [name] DLC Leasing ------------------ Regular contracted payment $ 899.94 per month --------- ----- Number and amount of Post-petition lease payments not made: # NA $ --- ---- [Attach a separate page for additional lessors] ATTACHMENT TO CHAPTER 11 MONTHLY REPORT FOR THE MONTH OF January 29-March 4, 2001 ------------------ ---- PART F: STATEMENT OF STATUS OF PAYMENTS MADE TO LESSORS LESSORS WHOSE LEASES HAVE NOT BEEN REJECTED: 5. [name] GE Capital Corp ----------------------- Regular contracted payment $ 700.21 per month -------- ----- Number and amount of Post-petition lease payments not made: # NA $ --- ---- 6. [name] GE Industrial Systems ---------------------------- Regular contracted payment $ 650.00 per month -------- ----- Number and amount of Post-petition lease payments not made: # 1 $ 650.00 --- ---- -------- 7. [name] IBM Credit Corp. ----------------------- Regular contracted payment $ 2989.00 per month -------- ----- Number and amount of Post-petition lease payments not made: # NA $ --- ---- 8. [name] IOS Capital ------------------ Regular contracted payment $ 623.28 per month -------- ----- Number and amount of Post-petition lease payments not made: # NA $ --- ---- [Attach a separate page for additional lessors] ATTACHMENT TO CHAPTER 11 MONTHLY REPORT FOR THE MONTH OF January 29-March 4, 2001 ------------------ ---- PART F: STATEMENT OF STATUS OF PAYMENTS MADE TO LESSORS LESSORS WHOSE LEASES HAVE NOT BEEN REJECTED: 9. [name] Sprint (Internet Access) ------------------------------- Regular contracted payment $ 275.00 per month -------- ----- Number and amount of Post-petition lease payments not made: # NA $ --- ---- 10. [name] Sprint (Frame relay) --------------------------- Regular contracted payment $ 147.12 per month -------- ----- Number and amount of Post-petition lease payments not made: # NA $ --- ---- 11. [name] Teleimagine/Sprint (phone system) ---------------------------------------- Regular contracted payment $ 1863.16 per month -------- ----- Number and amount of Post-petition lease payments not made: # NA $ --- ---- 12. [name] Enterprise Information ----------------------------- Regular contracted payment $ 3965.63 per month -------- ----- Number and amount of Post-petition lease payments not made: # NA $________ per month --- ---- ----- [Attach a separate page for additional lessors] ATTACHMENT TO CHAPTER 11 MONTHLY REPORT FOR THE MONTH OF January 29-March 4, 2001 ------------------ ---- PART G: ACCRUAL BASIS BALANCE SHEET This part must be submitted with the first monthly report and thereafter on a Quarterly Basis, with the reports for March, June, September and December, --------------- unless a different date is agreed to by the Bankruptcy Administrator, until confirmation of the plan. It is permissible and helpful if a balance sheet is submitted more often than once a quarter, but not required. An "in house" report may be substituted, with the approval of the Bankruptcy Administrator, provided it meets the accrual requirement.
ASSETS CURRENT ASSETS Cash 937,551 ---------- Accounts receivable [net] 2,514,992 ---------- Other receivables 286 ---------- Inventories 10,002,827 ---------- Prepaid 481,645 ---------- Total Current Assets 13,937,301 ---------- FIXED, LONG TERM, AND OTHER ASSETS Land 47,785 ---------- Fixed Assets 9,076,314 ---------- Accumulated depreciation on fixed assets -6,045,701 ---------- Other Assets - Net Total fixed, long term and other assets 3,078,398 ---------- Total assets 17,015,699 ---------- LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Accounts Payable 0 ---------- Notes Payable Salaries Payable 0 ---------- Payroll Taxes Payable 0 ---------- Income Taxes Payable Other Current Liabilities (Warranty Res) 1,117,792 ---------- Total Current Liabilities 1,117,792 ---------- LONG TERM LIABILITIES Pre-petition Liabilities 10,363,448 ---------- Post-petition Long Term Total Long Term Liabilities 10,363,448 ---------- TOTAL LIABILITIES 11,481,240 ---------- OWNERS' [STOCKHOLDERS'] EQUITY Stock [investment in company] 23,330,755 ---------- Retained Earning -17,796,296 ---------- Total Owners Equity 5,534,459 ---------- Total Liabilities and Owners' Equity 17,015,699 ----------
ATTACHMENT TO CHAPTER 11 MONTHLY REPORT FOR THE MONTH OF January 29-March 4, 2001 PART H: ACCRUAL BASIS INCOME/[LOSS] FOR THE MONTH Amount ------ 1. Total Sales or Revenue $2,689,854 ---------- 2. Cost of Goods Sold Material: $1,821,767 ---------- Labor: $ 94,532 ---------- Other: $ 346,787 ---------- TOTAL COSTS $2,263,086 ---------- 3. Gross Profit [Item #1 minus item #2] $ 426,768 ---------- 4. TOTAL OPERATING EXPENSES $ 327,758 ---------- 5. Net Profit or $ 99,010 ---------- [Item #3 minus #4] 6. Total Non-Operating Income/Expenses $ 49,303 ---------- 7. Net Profit or $ 49,707 ---------- [Item #5 minus #6] [If a detailed INCOME STATEMENT is available, please attach it to the monthly report] ATTACHMENT TO CHAPTER 11 MONTHLY REPORT FOR THE MONTH OF January 29-March 4, 2001 PART I: SUMMARY OF OFFICER/OWNER COMPENSATION AND PERSONNEL REPORT 1. Report all salaries received from or paid by the debtor to an owner or officer of the debtor. __ Check here if same as last monthly report or -- provide the following information:
Compensation Authorized Compensation Name of Officer/Owner Title By the Court Received Date --------------------- ------------ ------------- ------------ ---- Approved -------- Tom Nelson CEO 13,116 13,116 Each Wed Wes Brant VP 10,641 10,641 Jan 31 Bill Warden VP 10,492 10,492 Feb 7,14,21,28 Bill Carty VP 8,942 8,942 Mar 2
2. Report all payments made to professionals (i.e. accountants, attorneys, realtors) paid by the debtor:
Compensation Authorized Compensation Date Name of Officer/Owner Title By the Court Received -------------------- ----- ------------ ------------ Approved -------- NONE
3. Personnel Report: __ Check here if same as last monthly report or provide the following information:
Full Time Part --------- ---- Time ---- Total number of employees at beginning of the reporting period 92 Number hired during the period 0 Number terminated/resigned during the 3 period Total number of employees at the end 89 of the period