UNITED STATES

0001104659-02-003042.txt : 20020712 0001104659-02-003042.hdr.sgml : 20020712 20020712155017 ACCESSION NUMBER: 0001104659-02-003042 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 5 CONFORMED PERIOD OF REPORT: 20020712 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020712 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DECISIONLINK INC CENTRAL INDEX KEY: 0000811014 STANDARD INDUSTRIAL CLASSIFICATION: MEASURING & CONTROLLING DEVICES, NEC [3829] IRS NUMBER: 841063897 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-17569 FILM NUMBER: 02702004 BUSINESS ADDRESS: STREET 1: 1181 GRIER DR STE B CITY: LAS VEGAS STATE: NV ZIP: 89119 BUSINESS PHONE: 7023619873 MAIL ADDRESS: STREET 1: 1181 GRIER DR STE B CITY: LAS VEGAS STATE: NV ZIP: 89119 FORMER COMPANY: FORMER CONFORMED NAME: TIPTON INDUSTRIES INC /IA/ DATE OF NAME CHANGE: 19880401 FORMER COMPANY: FORMER CONFORMED NAME: FIBERCHEM INC DATE OF NAME CHANGE: 19920703 8-K 1 j4316_8k.htm 8-K UNITED STATES

UNITED STATES

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): July 12, 2002

DECISIONLINK, INC.

(Exact Name of Registrant as Specified in its Charter)

DELAWARE	0-17569	84-1063897
(State or other jurisdiction of incorporation or organization)	Commission File Number	(I.R.S. Employer Identification No.)

1181 Grier Drive
Suite B
Las Vegas, Nevada		89119
(Address of principal executive offices)		(Zip Code)

Registrant’s Telephone Number, Including Area Code: (702) 361-9873

(Former name or former address, if changed since last report)

Item 5. Other Events

On December 6, 2001, DecisionLink, Inc. (the “Registrant”) filed a voluntary petition under Chapter 11 of the Federal Bankruptcy Code in the United States Bankruptcy Court, District of Nevada. As a result, financial information necessary for the filing of a complete and accurate Form 10-KSB for the twelve months ended December 31, 2001, and Form 10-QSB for the three months ended March 31, 2002, could not be provided within the prescribed time period without unreasonable effort and expense.

On March 6, 2002, in accordance with Exchange Act Release No. 34-9660, the Registrant requested of the Securities and Exchange Commission (“SEC”), relief from its Exchange Act reporting obligations and further requested that the SEC take no action against it for not timely meeting its reporting obligations under the Securities Exchange Act of 1934, as amended, until such time as it is released from Chapter 11.

On March 17, 2002, the SEC notified the Registrant that it was not able to grant no action relief primarily due to the post bankruptcy trading volume of the Registrant’s common stock. As such, as of April 15, 2002, the Registrant is no longer current with its Exchange Act reporting requirements for purposes of: (1) determining eligibility to use Securities Act Form S-2 or S-3; (2) satisfying the current public information requirements of Securities Act Rule 144(c)(1); or (3) satisfying the reporting issuer definition of Rule 902(1) of Regulation S. The Registrant, relying on that general interpretive guidance of Exchange Act Release No. 34-9660, will file in its Form 8-K, on a monthly basis, modified reports as further explained below.

The Registrant, and its wholly owned subsidiary FCI Environmental, Inc. (“FCI”), also operating under voluntary Chapter 11 of the Federal Bankruptcy Code, herein are filing their Monthly Operating Reports (the “Report(s)”) for the months and periods ended April 30, and May 31, 2002, in reliance upon SEC Exchange Act Release No. 34-9660.

The Registrant’s Report includes certain financial information for the period from December 6, 2001 to May 31, 2002. Readers of the Registrant’s Report are hereby cautioned and made aware of the fact that the financial information contained in the Registrant’s Report includes the accounts of DecisionLink, Inc., the parent company, on a stand-alone basis. The Registrant’s Report does not include the accounts of any DecisionLink, Inc. subsidiaries or affiliated companies. This Report was prepared by the Registrant. It was not reviewed by the Registrant’s independent accountants.

The FCI Report includes certain financial information for the period from December 20, 2001 to May 31, 2002. Readers of the FCI Report are hereby cautioned and made aware of the fact that the financial information contained in the FCI Report includes the accounts of FCI on a stand-alone basis. The FCI Report does not include the accounts of any affiliated companies. This Report was prepared by the Registrant. It was not reviewed by the Registrant’s independent accountants.

Item 7. Financial Statements, Pro Forma Financial Information and Exhibits

(a) Financial statements of businesses acquired: None

(b) Pro forma financial information: None

Item 7 (c) Exhibits:

EXHIBIT NUMBER		DESCRIPTION OF EXHIBIT

99.1		United States Bankruptcy Court, District of Nevada, Chapter 11 Monthly Operating Report of DecisionLink, Inc. for the month and period ended April 30, 2002

99.2		United States Bankruptcy Court, District of Nevada, Chapter 11 Monthly Operating Report of FCI Environmental, Inc. for the month and period ended April 30, 2002

99.3		United States Bankruptcy Court, District of Nevada, Chapter 11 Monthly Operating Report of DecisionLink, Inc. for the month and period ended May 31, 2002

99.4		United States Bankruptcy Court, District of Nevada, Chapter 11 Monthly Operating Report of FCI Environmental, Inc. for the month and period ended May 31, 2002

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 thereunto duly authorized.

	DECISIONLINK, INC.
	(Registrant)



By:	/s/ R. Kenyon Culver	Date:	July 12, 2002
	R. Kenyon Culver
	Chief Financial Officer

EXHIBIT INDEX

EXHIBIT NUMBER		DESCRIPTION OF EXHIBIT

99.1		United States Bankruptcy Court, District of Nevada, Chapter 11 Monthly Operating Report of DecisionLink, Inc. for the month and period ended April 30, 2002

99.2		United States Bankruptcy Court, District of Nevada, Chapter 11 Monthly Operating Report of FCI Environmental, Inc. for the month and period ended April 30, 2002

99.3		United States Bankruptcy Court, District of Nevada, Chapter 11 Monthly Operating Report of DecisionLink, Inc. for the month and period ended May 31, 2002

99.4		United States Bankruptcy Court, District of Nevada, Chapter 11 Monthly Operating Report of FCI Environmental, Inc. for the month and period ended May 31, 2002

EX-99.1 3 j4316_ex99d1.htm EX-99.1

EXHIBIT 99.1

UNITED STATES BANKRUPTCY COURT

DISTRICT OF NEVADA

In re:	Case No.	01-22706 rcj

DecisionLink, Inc.	CHAPTER 11

	MONTHLY OPERATING REPORT

	(GENERAL BUSINESS CASE)

SUMMARY OF FINANCIAL STATUS

MONTH ENDED:

April 30, 2002

PETITION DATE:

December 6, 2001

Debtor in possession (or trustee) hereby submits this Monthly Operating Report on the Accrual Basis of accounting (or if checked here o the Office of the U.S. Trustee or the Court has approved the Cash Basis of Accounting for the Debtor). Dollars reported in ($1)

2.	Asset and Liabilities Structure	End of Current Month		End of Prior Month		As of Petition Filing
	a. Current Assets	$	134,812	$	85,425
	b. Total Assets	169,757		119,964		$	107,148
	c. Current Liabilities	398,987		267,392
	d. Total Liabilities	$	59,305,592	$	9,176,112	$	8,913,397

3.	Statement of Cash Receipts & Disbursements for Month	Current Month		Prior Month		Cumulative (Case to Date)
	a. Total Receipts	$	193,593	$	122,158	$	433,996
	b. Total Disbursements	164,412		120,026		385,640
	c. Excess (Deficiency) of Receipts Over Disbursements (a - b)	29,181		2,132		48,356
	d. Cash Balance Beginning of Month	22,425		20,293		3,250
	e. Cash Balance End of Month (c + d)	$	51,606	$	22,425	$	51,606

		Current Month			Prior Month			Cumulative (Case to Date)
4.	Profit/(Loss from the Statement of Operations)	$	(20,685	)	$	(37,639	)	$	(196,127	)
5.	Account Receivables (Pre and Post Petition)	0			0
6.	Post-Petition Liabilities	398,987			267,392
7.	Past Due Post-Petition Account Payables (over 30 days)	$	210		$	2,997

		Yes	No
At the end of this reporting month:

8.	Have any payments been made on pre-petition debt, 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)		ý
9.	Have any payments been made to professionals? (if yes, attach listing including date of payment, amount of payment and name of payee)	ý
10.	If the answer is yes to 8 or 9, were all such payments approved by the court? (additional information attached)
11.	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)	ý
12.	Is the estate insured for replacement cost of assets and for general liability?	ý
13.	Are a plan and disclosure statement on file?	ý
14.	Was there any post-petition borrowing during this reporting period? (additional information attached)	ý
15.	Check if paid: Post-petition taxes ý ; U.S. Trustee Quarterly Fees ý ; Check if filing is current for: Post-petition tax reporting and tax returns: ý.
	(Attach explanation, if post-petition taxes or U.S. Trustee Quarterly Fees are not paid current or if post-petition tax reporting and tax return filings are not current.)

I declare under penalty of perjury I have reviewed the above summary and attached financial statements, and after making reasonable inquiry believe these documents are correct.

Date:	June 26, 2002		/S/ R. Kenyon Culver, CFO
			Responsible Individual.

STATEMENT OF OPERATIONS

(General Business Case)

For the Month Ended April 30, 2002

Current Month												Cumulative			Next Month
Actual			Forecast			Variance						(Case to Date)			Forecast
										Revenues:
$	0		$	0		$	0		1	Gross Sales		$	0		$	0
0			0			0			2	less: Sales Returns & Allowances		0			0
0			0			0			3	Net Sales		0			0
0			0			0			4	less: Cost of Goods Sold(Schedule ‘B’)		0			0
0			0			0			5	Gross Profit		0			0
0			0			0			6	Interest		0			0
0			0			0			7	Other Income:		0			0
									8
									9
0			0			0			10	Total Revenues		0			0
										Expenses:
0			0			0			11	Compensation to Owner(s/Officer(s)		0			0
0			0			0			12	Salaries		0			0
0			0			0			13	Commissions		0			0
0			0			0			14	Contract Labor		10,405			0
									15	Rent/Lease:
0			1,875			1,875			16	Real Property		7,500			1,875
2,828			2,569			(259		)	17	Insurance		15,846			2,569
0			0			0			18	Management Fees		0			0
0			0			0			19	Depreciation		0			0
										Taxes:
0			0			0			20	Employee Payroll Taxes		0			0
0			0			0			1	Real Property Taxes		0			0
0			0			0			2	Other Taxes		204			0
0			0			0			3	Other Selling		3,000			0
5,550			4,675			(875		)	4	Other Administrative		35,150			4,675
0			0			0			5	Interest		310			0
0			9,167			9,167			6	Other Expenses:	License fees	0			9,167
1,994			0			(1,994		)	7	Patent Amortization		10,669			0
									8
									9
									10
									11
									12
									13
									14
10,372			18,286			7,914			15	Total Expenses		83,084			18,286
(10,372		)	(18,286		)	7,914			16	Subtotal		(83,084		)	(18,286		)
										Reorganization Items:
(9,063		)	(25,667		)	16,604			17	Professional Fees (additional information attached)		(111,293		)	(25,667		)
0			0			0			18	Provisions for Rejected Executory Contracts		0			0
0			0			0			19	Interest Earned on Accumulated Cash from Resulting Chp 11 Case		0			0
0			0			0			20	Gain or (Loss from Sale of Equipment)		0			0
(1,250		)	0			(1,250		)	21	U.S. Trustee Quarterly Fees		(1,750		)	0
									22
(10,313		)	(25,667		)	15,354			23	Total Reorganization Items		(113,043		)	(25,667		)
(20,685		)	(43,953		)	23,268			24	Net Profit (Loss Before Federal & State Taxes)		(196,127		)	(43,953		)
0			0			0			25	Federal & State Income Taxes		0			0
$	(20,685	)	$	(43,953	)	$	23,268		26	Net Profit (Loss)		$	(196,127	)	$	(43,953	)

Attach an Explanation of Variance to Statement of Operations (For variances greater than +/- 10% only):

BALANCE SHEET

(General Business Case)

For the Month Ended April 30, 2002

				From Schedules	Market Value
	Assets

	Current Assets
1	Cash and cash equivalents - unrestricted				$	51,606
2	Cash and cash equivalents - restricted				0
3	Accounts receivable (net)			A	0
4	Inventory			B	0
5	Prepaid expenses				11,490
6	Professional retainers				58,810
7	Other:		Deposits		12,906
8					0

9	Total Current Assets				134,812

	Property and Equipment (Market Value)
10	Real property			C	0
11	Machinery and equipment			D	0
12	Furniture and fixtures			D	0
13	Office equipment			D	0
14	Leasehold improvements			D	0
15	Vehicles			D	0
16	Other:			D
17				D
18				D
19				D
20				D

21	Total Property and Equipment				0

	Other Assets
22		Investment in IDL Corp. Loans			10
23		Loans to affiliates ($930,990 book value to Intrex Data Communications Corp (C)			0
24		Patents, net book value (A)			29,535
25		Investment in wholly-owned subsidiaries ($23,391,969 book value (B)			0
26		Due from subsidiaries: FCI - $14,006,118; other subsidiaries - $3,100,916 (C)			0
27		Due from IDL Corp., an affiliated company			5,400

28	Total Other Assets				34,945

29	Total Assets				$	169,757

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.

	(A) Market value, if any, undetermined at submission date of Monthly Operating Report.
	(B) Market value unknown at submission date. Status as follows: (i) FCI Environmental, Inc. filed a Ch. 11 Bankruptcy petition in the District of Nevada on December 20, 2001, and continues in operation, and (ii) Intrex Data Communication Corp, a British Columbia subsidiary, is insolvent without operations.
	(C) Market value estimated by management to be zero as underlying wholly-owned subsidiaries are insolvent.

Liabilities and Equity

(General Business Case)

					From Schedules
	Liabilities

		Post-Petition

		Current Liabilities
30		Salaries and wages					$	0
31		Payroll taxes					0
32		Real and personal property taxes					0
33		Income taxes					0
34		Sales taxes					0
35		Notes payable (short term)					265,000
36		Accounts payable (trade)			A		18,931
37		Real property lease arrearage					0
38		Personal property lease arrearage					0
39		Accrued professional fees					113,292
40		Current portion of long-term post-petition debt (due within 12 months)					0
41		Other:	Accrued interest DIP loan				1,764
42
43

44		Total Current Liabilities					398,987

45		Long-Term Post-Petition Debt, Net of Current Portion					0

46		Total Post-Petition Liabilities					398,987

Pre-Petition Liabilities (allowed amount)
47		Secured claims			F		0
48		Priority unsecured claims			F		646,650
49		General unsecured claims			F		8,266,747

50		Total Pre-Petition Liabilities					8,913,397

51		Total Liabilities					9,312,384

Equity (Deficit)
52		Equity (Deficit at time of filing)					(36,633,298		)
53		Capital Stock					15,695
54		Additional paid-in capital					55,363,204
55		Cumulative profit/(loss since filing of case)					(196,127		)
56		Post-petition contributions/(distributions or (draws)					0
57				Preferred stock (details attached)		13,898,300
58		Market value adjustment					(41,590,401		)

59		Total Equity (Deficit)					(9,135,835		)

60		Total Liabilities and Equity (Deficit)					$	169,757

SCHEDULES TO THE BALANCE SHEET

(General Business Case)

Schedule A

Accounts Receivable (Net) Payable

Receivables and Payables Agings	Accounts Receivable [Pre and Post Petition]		Accounts Payable [Post Petition]		Past Due Post Petition Debt

0 -30 Days	$	0	$	18,721
31-60 Days	0		83
61-90 Days	0		18		$	210
91+ Days	0		109
Total accounts receivable/payable	0		$	18,931
Allowance for doubtful accounts	0
Accounts receivable (net)	0

Schedule B

Inventory/Cost of Goods Sold

Types and Amount of Inventory(ies)			Cost of Goods Sold
	Inventory(ies) Balance atEnd of Month
			Inventory Beginning of Month	$	0

			Add -
Retail/Restaurants -			Net purchase	0
Product for resale	$	0	Direct labor	0
			Manufacturing overhead	0
Distribution -			Freight in	0
Products for resale	0		Other:
				0
Manufacturer -				0
Raw Materials	0
Work-in-progress	0		Less -
Finished goods	0		Inventory End of Month	0
			Shrinkage	0
Other - Explain	0		Personal Use	0

			Cost of Goods Sold	0
TOTAL	0

Method of Inventory Control

Inventory Valuation Methods

Do you have a functioning perpetual inventory system? N/A

Indicate by a checkmark method of inventory used.

Yes

How often do you take a complete physical inventory? N/A

Valuation methods - N/A

FIFO cost

Weekly

LIFO cost

Monthly

Lower of cost or market

Quarterly

Retail method

Semi-annually

Other -

Annually

Date of last physical inventory was

N/A

Explain

Date of next physical inventory is

N/A

Schedule C

Real Property

Description		Cost		Market Value
	None	$	0	$	0





	Total	0		0

Schedule D

Other Depreciable Assets

Description			Cost	Market Value
Machinery & Equipment -
		None	0	0



		Total	0	0
Furniture & Fixtures -
			0	0



	Total		0	0
Office Equipment -
			0	0


	Total
Leasehold Improvements -
	None		0	0



	Total		0	0

Vehicles -
	None		0	0



	Total		0	0

Schedule E

Aging of Post-Petition Taxes

(As of End of the Current Reporting Period)

Taxes Payable	0-30 Days		31-60 Days		61-90 Days		91+ Days		Total
Federal
Income Tax Withholding	$	0	$	0	$	0	$	0	$	0
FICA - Employee									0
FICA - Employer									0
Unemployment (FUTA)									0
Income									0
Other (Attach List)									0
Total Federal Taxes	0		0		0		0		0
State and Local
Income Tax Withholding	0		0		0		0		0
Unemployment (UT)									0
Disability Insurance (DI)									0
Empl. Training Tax (ETT)									0
Sales									0
Excise									0
Real property									0
Personal property									0
Income									0
Other (Attach List)									0
Total State & Local Taxes			0		0		0		0
Total Taxes	0		0		0		0		0

Schedule F

Pre-Petition Liabilities

List Total Claims For Each Classification -	Claimed Amount		Allowed Amount (b)
Secured claims (a)	$	0	$	0
Priority claims other than taxes	779,969		643,455
Priority tax claims	3,195		3,195
General unsecured claims	$	8,264,721	$	8,266,747

	(a)	List total amount of claims even it 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 F reporting purposes you should list $10,000,000 as the Claimed Amount and $3,000,000 as the Allowed Amount.

Schedule G

Rental Income Information

Not applicable to General Business Cases.

Schedule H

Recapitulation of Funds Held at End of Month

	Account 1		Account 2		Account 3	Account 4
Bank	Bank of America		Merrill Lynch
Account Type	Checking		Money Market
Account No.	3755508414		234-07J31
Account Purpose	General disbursement
Balance, End of Month	$	50,929	$	677
Total Funds on Hand for all Accounts	$	51,606

Attach copies of the month end bank statement(s), reconciliation(s), and the check register(s) to the Monthly Operating Report.

STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS

Increase/(Decrease) in Cash and Cash Equivalents

For the Month Ended April 30, 2002

		Actual Current Month		Cumulative (Case to Date)
Cash Receipts
1	Rent/Leases Collected	$	0	$	0
2	Cash Received from Sales	0		0
3	Interest Received	0		0
4	Borrowings	150,000		265,000
5	Funds from Shareholders, Partners, or Other Insiders	0		0
6	Capital Contributions	0		0
7	Cash received from sales of FCI Environmental OxySense product	23,593		143,533
8	Customer deposits	0		4,063
9	Asset disposition	0		1,400
10	Transfers from FCI Environmental, Inc.	20,000		20,000
20,0
12	Total Cash Receipts	193,593		433,996
Cash Disbursements
13	Payments for Inventory	0		6,004
14	Selling	0		3,227
15	Administrative	9,639		59,078
16	Capital Expenditures	0		0
17	Principal Payments on Debt	0		0
18	Interest Paid	0		0
	Rent/Lease:
19	Personal Property	2,606		5,504
20	Real Property	18,466		50,418
	Amount Paid to Owner(s)/Officer(s)
21	Salaries	0		0
22	Draws	0		0
23	Commissions/Royalties	0		0
24	Expense Reimbursements	6,301		14,329
25	Other	0		0
26	Salaries/Commissions (less employee withholding)	0		0
27	Management Fees	0		0
	Taxes:
28	Employee Withholding	0		0
29	Employer Payroll Taxes	0		0
30	Real Property Taxes	0		0
31	Other Taxes	0		0
32	Other Cash Outflows:	0		938
33	Transfers to IDL Corp., an affiliated company	2,400		5,400
34	Transfers to FCI Environmental, Inc., an affiliated company	105,000		220,742
35	Counsel from DecisionLink, Inc. creditor’s committee	20,000		20,000
36
37
38	Total Cash Disbursements:	164,412		385,640
39	Net Increase (Decrease in Cash)	29,181		48,356
40	Cash Balance, Beginning of Period	22,425		3,250
41	Cash Balance, End of Period	$	51,606	$	51,606

MONTHLY OPERATING REPORT

DecisionLink, Inc. Case No. 01-22706 rjc

April 30, 2002

Additional Information

Summary of Financial Status:

The financial information provided herein includes the accounts of DecisionLink, Inc. (“DLNK”) on a stand-alone basis. This financial information does not include the accounts of DLNK’s subsidiaries.

No. 9. Payments made to professionals:

On April 3, 2002, DLNK paid a $20,000 retainer to Schwartzer & McPherson under a court order approving Lenard E. Schwartzer as counsel for the unofficial unsecured creditor’s committee for DLNK entered by the Court on or about March 1, 2002.

No. 11. Payments made to officers:

Payment Date	Check Nbr.	Amount		Purpose	Payee
4/11/02	1099	$	358.06	Expense reimbursement	Ken Culver, CFO
4/11/02	1101	$	5,943.23	Expense reimbursement	Peter Gerard, CEO

No. 14. An emergency order authorizing post-petition financing was approved by the bankruptcy court on or about December 21, 2001. $265,000 has been received by the end of this reporting period.

Statement of Operations:

The Statement of Operation budget does not include revenues from IDL Corp., an affiliated company that is integral to the debtor’s joint plan of reorganization.

Revenues – DLNK is a non-operating parent company thereby generating no revenues.

Expenses – Certain of DLNK’s obligations are undertaken for the benefit of its operating subsidiaries; as such, the related expense is charged to its subsidiaries. For example, DLNK is the obligor for the Las Vegas facility housing two of its wholly owned operating subsidiaries. As a result, the post-petition accounts payable for this lease is charged to DLNK while the related lease expense is charged to the wholly owned operating subsidiaries.

All salaries for employees that are primarily involved in corporate activities are, and historically have been, paid through a wholly owned subsidiary of DLNK. As all corporate activity related salary is allocated in support of the operating subsidiaries, no salary expense is recorded for DLNK.

Reorganization Items - Professional Fees - Comprised of expenses for bankruptcy counsel ($9,063).

Explanation of Variances to Statement of Operations:

The forecasted amounts are preliminary in nature. These amounts were derived from a combined Chapter 11 bankruptcy budget including three of DLNK’s wholly owned subsidiaries. Of these subsidiaries, FCI Environmental, Inc. (“FCI”) filed a Chapter 11 bankruptcy petition on December 20, 2001 (Case No. 01-23229).

Balance Sheet:

Cash - Bank statements and reconciliations attached for:

Facility		Account No.
Bank of America		3755508414

Other Assets – DLNK historically utilized and continues to utilize a single consolidating general ledger. As such, there was no necessity to formally allocate charges via intercompany accounts as these accounts are eliminated in consolidation. As a result, in order to report DLNK for bankruptcy purposes as a stand-alone entity, certain intercompany balances were estimated. These estimates are subject to change; however, in management’s opinion based on current circumstances, there is no market value for the pre-petition amounts due to DLNK from subsidiaries.

Equity:

Common stock – At December 6, 2001, common stock consisted of 500,000,000 authorized, $0.0001 par value shares of which approximately 158,500,000 shares were issued and outstanding.

Preferred stock –

Series A; $0.001 par value; 10,000,000 authorized shares; 207,848 convertible shares issued and outstanding; $15 per share liquidation value. Accumulated undeclared dividends in arrears on the petition date total $1,714,742 if elected in cash or 97,549 additional Series A preferred shares if elected in additional shares.

Series B; $0.01 par value; 10,000,000 authorized shares; 72,000 convertible shares issued and outstanding; $10 per share liquidation value.

Special Series; $0.001 par value; 2,250,000 authorized shares; approximately 1,750,000 convertible shares issued and outstanding.

END

EX-99.2 4 j4316_ex99d2.htm EX-99.2

EXHIBIT 99.2

UNITED STATES BANKRUPTCY COURT

DISTRICT OF NEVADA

In re:	Case No.	01-23229 rcj


FCI Environmental, Inc.	CHAPTER 11

	MONTHLY OPERATING REPORT

	(GENERAL BUSINESS CASE)

SUMMARY OF FINANCIAL STATUS

MONTH ENDED:	April 30, 2002	PETITION DATE:	December 20, 2001

1.		Debtor in possession (or trustee) hereby submits this Monthly Operating Report on the Accrual Basis of accounting (or if checked here o the Office of the U.S. Trustee or the Court has approved the Cash Basis of Accounting for the Debtor). Dollars reported in ($1)

			End of Current Month			End of Prior Month			As of Petition Filing
	2.	Asset and Liabilities Structure
		a. Current Assets	$	416,737		$	383,881
		b. Total Assets	434,642			401,232			$	347,596
		c. Current Liabilities	669,375			604,516
		d. Total Liabilities	$	15,222,921		$	15,148,653		$	14,553,546
			Current Month			Prior Month			Cumulative (Case to Date)
	3.	Statement of Cash Receipts & Disbursements for Month
		a. Total Receipts	$	220,687		$	136,779		$	799,571
		b. Total Disbursements	194,908			150,986			780,423
		c. Excess (Deficiency) of Receipts Over Disbursements (a - b)	25,779			(14,207		)	19,148
		d. Cash Balance Beginning of Month	11,620			25,827			18,251
		e. Cash Balance End of Month (c + d)	$	37,399		$	11,620		$	37,399
			Current Month			Prior Month			Cumulative (Case to Date)
	4.	Profit/(Loss from the Statement of Operations)	$	(33,381	)	$	(130,585	)	$	(505,404		)
	5.	Account Receivables (Pre and Post Petition)	169,854			166,041
	6.	Post-Petition Liabilities	669,375			604,516
	7.	Past Due Post-Petition Account Payables (over 30 days)	$	1,397		$	4,8591

									Yes		No
	At the end of this reporting month:

	8.	Have any payments been made on pre-petition debt, 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)									ý
	9.	Have any payments been made to professionals? (if yes, attach listing including date of payment, amount of payment and name of payee)									ý
	10.	If the answer is yes to 8 or 9, were all such payments approved by the court? (additional information attached)
	11.	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)							ý
	12.	Is the estate insured for replacement cost of assets and for general liability?							ý
	13.	Are a plan and disclosure statement on file?							ý
	14.	Was there any post-petition borrowing during this reporting period? (additional information attached)							ý
15.		Check if paid: Post-petition taxes ý ; U.S. Trustee Quarterly Fees ý ; Check if filing is current for: Post-petition tax reporting and tax returns: ý.
		(Attach explanation, if post-petition taxes or U.S. Trustee Quarterly Fees are not paid current or if post-petition tax reporting and tax return filings are not current.)

I declare under penalty of perjury I have reviewed the above summary and attached financial statements, and after making reasonable inquiry believe these documents are correct.

Date:	June 26, 2002			/s/ R. Kenyon Culver, CFO
				Responsible Individual

STATEMENT OF OPERATIONS

(General Business Case)

For the Month Ended April 30, 2002

Current Month												Cumulative (Case to Date)			Next Month Forecast
Actual			Forecast			Variance
										Revenues:
$	140,124		$	175,003		$	34,879	)	1	Gross Sales		$	417,535		$	191,758
0			0			0			2	less: Sales Returns & Allowances		0			0
140,124			175,003			(34,879		)	3	Net Sales		417,535			191,758
59,421			38,990			(20,431		)	4	less: Cost of Goods Sold (Schedule ‘B’)		215,225			43,246
80,703			136,013			(55,310		)	5	Gross Profit		202,310			148,512
0			0			0			6	Interest		0			0
0			0			0			7	Other Income:		0			0
									8
									9
80,703			136,013			(55,310		)	10	Total Revenues		202,310			148,512
										Expenses:
21,923			38,333			16,410			11	Compensation to Owner(s)/Officer(s)		150,876			38,333
71,667			75,778			4,111			12	Salaries		298,629			75,778
0			0			0			13	Commissions		1,968			0
0			0			0			14	Contract Labor		0			0
									15	Rent/Lease:
(11,416		)	10,825			22,241			16	Real Property		47,316			10,825
5,764			5,763			(1		)	17	Insurance		23,265			5,763
0			0			0			18	Management Fees		0			0
1,932			1,833			(99		)	19	Depreciation		8,918			1,833
										Taxes:
3,199			8,730			5,531			20	Employee Payroll Taxes		31,257			8,730
0			0			0			1	Real Property Taxes		1,889			0
0			0			0			2	Other Taxes		0			0
5,720			7,775			2,055			3	Other Selling		16,484			10,244
11,371			28,353			16,982			4	Other Administrative		105,773			27,353
0			0			0			5	Interest		7,667			0
0			0			0			6	Other Expenses:	License fees	6,160			0
0			0			0			7			0			0
0			0			0			8			0			0
									9
									10
									11
									12
									13
									14
110,160			177,390			67,230			15	Total Expenses		700,202			178,859
(29,457		)	(41,377		)	11,920			16	Subtotal		(497,892		)	(30,347		)
										Reorganization Items:
(424		)	0			(424		)	17	Professional Fees (additional information attached)		(3,512		)	0
0			0			0			18	Provisions for Rejected Executory Contracts		0			0
0			0			0			19	Interest Earned on Accumulated Cash from Resulting Chp 11 Case		0			0
0			0			0			20	Gain or (Loss from Sale of Equipment)		0			0
(3,500		)	0			(3,500		)	21	U.S. Trustee Quarterly Fees		(4,000		)	0
									22
(3,934		)	0			(3,924		)	23	Total Reorganization Items		(7,512		)	0
(33,381		)	(41,377		)	7,996			24	Net Profit (Loss Before Federal & State Taxes)		(505,404		)	(30,347		)
0			0			0			25	Federal & State Income Taxes		0			0
$	(33,381	)	$	(41,377	)	$	7,996		26	Net Profit (Loss)		$	(505,404	)	$	(30,347	)

Attach an Explanation of Variance to Statement of Operations (For variances greater than +/- 10% only):

BALANCE SHEET

(General Business Case)

For the Month Ended April 30, 2002

				From Schedules	Market Value
	Assets

		Current Assets
1			Cash and cash equivalents – unrestricted		$	37,399
2			Cash and cash equivalents – restricted		0
3			Accounts receivable (net)	A	169,854
4			Inventory (net)	B	177,086
5			Prepaid expenses		28,917
6			Professional retainers		3,481
7			Other:		0
8					0

9			Total Current Assets		416,737

		Property and Equipment (Market Value)
10			Real property	C	0
11			Machinery and equipment	D	1,759
12			Furniture and fixtures	D	9,800
13			Office equipment	D	5,792
14			Leasehold improvements	D	0
15			Vehicles	D	0
16			Other:	D
17				D
18				D
19				D
20				D

21			Total Property and Equipment		17,351

		Other Assets
22					0
23					0
24					0
25					0
26					0
27			Due from affiliated company		554

28			Total Other Assets		0

29			Total Assets		$	434,642

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.

See additional information attached

Liabilities and Equity

(General Business Case)

						From Schedules
	Liabilities

		Post-Petition

			Current Liabilities
30				Salaries and wages			$	43,417
31				Payroll taxes			18,334
32				Real and personal property taxes			0
33				A/P clearing			3,254
34				Sales taxes			0
35				Notes payable (short term)			285,000
36				Accounts payable (trade		A	15,382
37				Real property lease arrearage			0
38				Personal property lease arrearage			0
39				Accrued professional fees			3,513
40				Current portion of long-term post-petition debt (due within 12 months)			0
41				Other:	Warranty reserve, deferred revenue and deposits		97,287
42				Benefits, commissions and accrued DIP loan interest			18,130
43				Due to affiliates			185,058

44				Total Current Liabilities			669,375

45			Long-Term Post-Petition Debt, Net of Current Portion				0

46				Total Post-Petition Liabilities			669,375

		Pre-Petition Liabilities (allowed amount)
47				Secured claims		F	0
48				Priority unsecured claims		F	170,775
49				General unsecured claims		F	14,382,771

50				Total Pre-Petition Liabilities			14,553,546

51				Total Liabilities			15,222,921

	Equity (Deficit)
52			Equity (Deficit at time of filing)				(14,217,318		)
53			Capital Stock				0
54			Additional paid-in capital				1,000
55			Cumulative profit/(loss since filing of case)				(505,404		)
56			Post-petition contributions/(distributions or (draws)				0
57							0
58			Market value adjustment				(66,557		)

59				Total Equity (Deficit)			(14,788,279		)

60	Total Liabilities and Equity (Deficit)						$	434,642

SCHEDULES TO THE BALANCE SHEET

(General Business Case)

Schedule A

Accounts Receivable (Net) Payable

	Accounts Receivable [Pre and Post Petition]		Accounts Payable [Post Petition]		Past Due Post Petition Debt
Receivables and Payables Agings
0 -30 Days	$	141,562	$	13,985
31-60 Days	0		1,397
61-90 Days	25,754		0		$	1,397
91+ Days	2,538		0
Total accounts receivable/payable	169,854		$	15,382
Allowance for doubtful accounts	0
Accounts receivable (net)	$	169,854

Schedule B

Inventory/Cost of Goods Sold

Types and Amount of Inventory (ies)					Cost of Goods Sold

		Inventory(ies) Balance at End of Month

					Inventory Beginning of Month	$	185,182

					Add -
	Retail/Restaurants -				Net purchase	4,074
	Product for resale	$	0		Direct labor	11,006
					Manufacturing overhead	27,084
	Distribution -				Freight in	0
	Products for resale	0			Other:
						0
	Manufacturer -					0
	Raw Materials	335,711
	Work-in-progress	(36,007		)	Less -
	Finished goods	551,462			Inventory End of Month	177,086
					Monitoring	(2,640		)
	Other - Explain	(674,080		)	Warranty	(6,521		)
	Reserve for obsolescence
					Cost of Goods Sold	$	59,421
	TOTAL	$	177,086

Method of Inventory Control

Inventory Valuation Methods

Do you have a functioning perpetual inventory system?

Indicate by a checkmark method of inventory used.

Yes

How often do you take a complete physical inventory?

Valuation methods

FIFO cost

Weekly

LIFO cost

Monthly

Lower of cost or market

Quarterly

Retail method

Semi-annually

Other -

Annually

Explain

Date of last physical inventory was

1/18/2002

Date of next physical inventory is

12/31/2002

Schedule C

Real Property

Description		Cost		Market Value

	None	$	0	$	0





	Total	$	0	$	0

Schedule D

Other Depreciable Assets

Description		Cost		Market Value

Machinery & Equipment -

	Various	$	89,137	$	1,759

	4/30/02 NBV = $16,216

	Total	$	89,137	$	1,759

Furniture & Fixtures -

	Various	$	35,000	$	9,800

	4/30/02 NBV = $23,960

	Total	$	35,000	$	9,800

Office Equipment -

	Various	$	262,278	$	5,792

	4/30/02 NBV = $40,022

	Total	$	262,278	$	5,792

Leasehold Improvements -

	None	$	0	$	0



	Total	$	0	$	0

Vehicles -

	None	$	0	$	0



	Total	$	0	$	0

Schedule E

Aging of Post-Petition Taxes

(As of End of the Current Reporting Period)

Taxes Payable	0-30 Days		31-60 Days	61-90 Days	91+ Days	Total

Federal
Income Tax Withholding	$	10,073				$	10,073
FICA - Employee	4,002					4,002
FICA - Employer	4,002					4,002
Unemployment (FUTA)	49					49
Income
Other (Attach List)
Total Federal Taxes	18,126					18,126

State and Local
Income Tax Withholding	208					208
Unemployment (UT)
Disability Insurance (DI)
Empl. Training Tax (ETT)
Sales
Excise
Real property
Personal property
Income
Other (Attach List)
Total State & Local Taxes	208					208

Total Taxes	$	18,334				$	18,334

Schedule F

Pre-Petition Liabilities

List Total Claims For Each Classification -		Claimed Amount		Allowed Amount (b)

	Secured claims (a)	$	0	$	0
	Priority claims other than taxes	168,155		114,082
	Priority tax claims	56,936		56,693
	General unsecured claims	$	14,414,591	$	14,382,771

(a) List total amount of claims even it 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 F reporting purposes you should list $10,000,000 as the Claimed Amount and $3,000,000 as the Allowed Amount.

Schedule G

Rental Income Information

Not applicable to General Business Cases.

Schedule H

Recapitulation of Funds Held at End of Month

	Account 1		Account 2		Account 3			Account 4
Bank	Bank of America		Bank of America		Petty cash and suspense			Bank of America OxySense
Account Type	Checking		Checking					Checking
Account No.	37-5550-8595		37-5550-8511					47-9133-4120
Account Purpose	General disbursement		Payroll					General disbursement
Balance, End of Month	$	18,290	$	2,743	$	(1,189	)	$	17,554
Total Funds on Hand for all Accounts	$	37,399

Attach copies of the month end bank statement(s), reconciliation(s), and the check register(s) to the Monthly Operating Report.

STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS

Increase/(Decrease) in Cash and Cash Equivalents

For the Month Ended April 30, 2002

			Actual Current Month		Cumulative (Case to Date)
	Cash Receipts
1		Rent/Leases Collected	$	0	$	0
2		Cash Received from Sales	105,687		269,343
3		Interest Received	0		0
4		Borrowings	0		285,000
5		Funds from Shareholders, Partners, or Other Insiders	0		0
6		Capital Contributions	0		0
7		Transfers from DecisionLink, Inc., an affiliated company	105,000		220,742
8		Transfer from IDL Corp, an affiliated company	10,000		24,486
9
10
11
12		Total Cash Receipts	220,687		799,571
	Cash Disbursements
13		Payments for Inventory	871		28,696
14		Selling	2,201		15,680
15		Administrative	54,450		188,834
16		Capital Expenditures	0		0
17		Principal Payments on Debt	0		0
18		Interest Paid	0		0
		Rent/Lease:
19		Personal Property	630		2,274
20		Real Property	0		29,073
		Amount Paid to Owner(s)/Officer(s)
21		Salaries	24,384		110,879
22		Draws	0		0
23		Commissions/Royalties	0		0
24		Expense Reimbursements	0		0
25		Other	0		0
26		Salaries/Commissions (less employee withholding)	47,811		211,269
27		Management Fees	0		0
		Taxes:
28		Employee Withholding	24,787		113,159
29		Employer Payroll Taxes	7,774		36,073
30		Real Property Taxes	0		0
31		Other Taxes	0		0
32		Other Cash Outflows:	0		0
33		Transfers to IDL Corp., an affiliated company	10,000		24,486
34		Transfer to DecisionLink, Inc.	20,000		20,000
35
36
37
38		Total Cash Disbursements:	194,908		780,423
39	Net Increase (Decrease in Cash)		25,779		19,148
40	Cash Balance, Beginning of Period		11,620		18,251
41	Cash Balance, End of Period		$	37,399	$	37,399

MONTHLY OPERATING REPORT

FCI Environmental, Inc. 01-23229 rjc

April 30, 2002

Additional Information

Summary of Financial Status:

The financial information provided herein includes the accounts of FCI Environmental, Inc. (“FCI”) on a stand-alone basis. This financial information does not include the accounts of any of its affiliated companies.

No. 11. Payments made to officers:

Payment Date	Check Nbr.	Amount		Purpose	Payee
Payment Date	Check Nbr.	Amount		Purpose	Payee
4/05/02	11030	$	5,334.26	Payroll period ended 03/30/02	Ken Culver, CFO
4/05/02	10995	6,857.99		Payroll period ended 03/30/02	Peter Gerard, CEO
4/19/02	11049	6,857.99		Payroll period ended 04/13/02	Peter Gerard, CEO
4/19/02	11048	5,334.28		Payroll period ended 04/13/02	Ken Culver, CFO

Approved on or about December 21, 2001, by court order authorizing payment of wages, salaries, employee benefits and reimbursable employee expenses.

No. 14. An emergency order authorizing post-petition financing was approved by the bankruptcy court on or about December 21, 2001. $285,000 has been received by the end of this reporting period.

Statement of Operations:

The Statement of Operation budget does not include revenues from IDL Corp., an affiliated company that is integral to the debtor’s joint plan of reorganization.

Line 4 - Cost of goods sold - the budget contains only direct material costs. All other costs normally associated with cost of goods sold are included within operating expenses.

Line 16 - - real property lease - amended lease expected to be executed April 2002 reducing actual monthly expense to budgeted expense.

General Explanation of Variances to Statement of Operations:

The forecasted amounts are preliminary in nature. These amounts were derived from a combined Chapter 11 bankruptcy budget including affiliated companies

Balance Sheet:

Cash - Bank statements and reconciliations attached for:

Facility		Account No.
Bank of America		37-5550-8595
Bank of America		37-5550-8511

Inventory - - the stated inventory balance is net of a $674,080 reserve to appropriately state inventories at the lower of cost or market.

Property and Equipment (Market Value) - market value has not been independently determined. Management estimates that the estate’s property and equipment, with a net book value of $80,198, to be worth $17,351.

Warranty Reserve ($38,495) and deferred Revenue ($56,950) - were not included as claims in the estate’s Schedule F – Creditors Holding Unsecured Nonpriority Claims, as these obligations will be fulfilled under a Chapter 11 going concern plan of reorganization.

Pre-petition general unsecured claims - includes $14,006,118 due to DecisionLink, Inc. (Chapter 11 case Nbr. 01-22706), the sole owner of FCI, and $108,446 due to affiliated companies.

EX-99.3 5 j4316_ex99d3.htm EX-99.3

EXHIBIT 99.3

UNITED STATES BANKRUPTCY COURT

DISTRICT OF NEVADA

In re:	Case No.	01-22706 rcj

DecisionLink, Inc.	CHAPTER 11

	MONTHLY OPERATING REPORT

	(GENERAL BUSINESS CASE)

SUMMARY OF FINANCIAL STATUS

MONTH ENDED:

May 31, 2002

PETITION DATE:

December 6, 2001

1.	Debtor in possession (or trustee) hereby submits this Monthly Operating Report on the Accrual Basis of accounting (or if checked here o the Office of the U.S. Trustee or the Court has approved the Cash Basis of Accounting for the Debtor). Dollars reported in ($1 )

2.	Asset and Liabilities Structure	End of Current Month						End of Prior Month					As of Petition Filing
	a. Current Assets	$		42,292				$		134,812
	b. Total Assets	310,194						169,757					$		107,148
	c. Current Liabilities	413,782						398,987
	d. Total Liabilities	$	9,499,851					$	9,305,592				$	9,086,069
3.	Statement of Cash Receipts & Disbursements for Month	Current Month						Prior Month					Cumulative (Case to Date)
	a. Total Receipts	$			77,991			$		193,593			$		511,987
	b. Total Disbursements	128,872						164,412					514,512
	c. Excess (Deficiency) of Receipts Over Disbursements (a - b)	(50,881					)	29,181					(2,525			)
	d. Cash Balance Beginning of Month	51,606						22,425					3,250
	e. Cash Balance End of Month (c + d)	$				725		$				51,606	$		725
		Current Month						Prior Month					Cumulative (Case to Date)
4.	Profit/(Loss) from the Statement of Operations	$				(67,047	)	$			(20,685)		$		(263,174	)
5.	Account Receivables (Pre and Post Petition)	0						0
6.	Post-Petition Liabilities	413,782						398,987
7.	Past Due Post-Petition Account Payables (over 30 days)	$				470		$				210

At the end of this reporting month:			Yes	No
8.	Have any payments been made on pre-petition debt, 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)			ý
9.	Have any payments been made to professionals? (if yes, attach listing including date of payment, amount of payment and name of payee)	ý
10.	If the answer is yes to 8 or 9, were all such payments approved by the court? (additional information attached)
11.	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)	ý
12.	Is the estate insured for replacement cost of assets and for general liability?	ý
13.	Are a plan and disclosure statement on file?	ý
14.	Was there any post-petition borrowing during this reporting period? (additional information attached)	ý
15.	Check if paid: Post-petition taxes ý ; U.S. Trustee Quarterly Fees ý ; Check if filing is current for: Post-petition tax reporting and tax returns: ý.

(Attach explanation, if post-petition taxes or U.S. Trustee Quarterly Fees are not paid current or if post-petition tax reporting and tax return filings are not current.)

I declare under penalty of perjury I have reviewed the above summary and attached financial statements, and after making reasonable inquiry believe these documents are correct.

Date:

July 11, 2002

/s/ R. Kenyon Culver, CFO

Responsible Individual

STATEMENT OF OPERATIONS

(General Business Case)

For the Month Ended May 31, 2002

Current Month												Cumulative			Next Month
Actual			Forecast			Variance						(Case to Date)			Forecast
										Revenues:
$	0		$	0		$	0		1	Gross Sales		$	0		$	0
0			0			0			2	less: Sales Returns & Allowances		0			0
0			0			0			3	Net Sales		0			0
0			0			0			4	less: Cost of Goods Sold (Schedule ‘B’)		0			0
0			0			0			5	Gross Profit		0			0
0			0			0			6	Interest		0			0
0			0			0			7	Other Income:		0			0
									8
									9
0			0			0			10	Total Revenues		0			0
										Expenses:
0			0			0			11	Compensation to Owner(s)/Officer(s)		0			0
0			0			0			12	Salaries		0			0
0			0			0			13	Commissions		0			0
0			0			0			14	Contract Labor		10,405			0
									15	Rent/Lease:
2,500			1,875			(625		)	16	Real Property		10,000			1,875
2,829			2,569			(260		)	17	Insurance		18,675			2,569
0			0			0			18	Management Fees		0			0
0			0			0			19	Depreciation		0			0
										Taxes:
0			0			0			20	Employee Payroll Taxes		0			0
0			0			0			1	Real Property Taxes		0			0
0			0			0			2	Other Taxes		204			0
0			0			0			3	Other Selling		3,000			0
793			4,675			3,882			4	Other Administrative		35,943			4,675
0			0			0			5	Interest		310			0
0			9,167			9,167			6	Other Expenses:	License fees	0			9,167
1,785			0			(1,785		)	7	Patent Amortization		12,454			0
									8
									9
									10
									11
									12
									13
									14
7,907			18,286			10,379			15	Total Expenses		90,991			18,286
7,907			18,286			10,379			16	Subtotal		(90,991		)	(18,286		)
										Reorganization Items:
(59,140)			(25,667		)	(33,473		)	17	Professional Fees (additional information attached)		(170,433		)	(25,667		)
0			0			0			18	Provisions for Rejected Executory Contracts		0			0
0			0			0			19	Interest Earned on Accumulated Cash from Resulting Chp 11 Case		0			0
0			0			0			20	Gain or (Loss from Sale of Equipment)		0			0
0			0			0			21	U.S. Trustee Quarterly Fees		(1,750		)	0
									22
(59,140		)	(25,667		)	(33,473		)	23	Total Reorganization Items		(172,183		)	(25,667		)
(67,047		)	(43,953		)	(23,094		)	24	Net Profit (Loss Before Federal & State Taxes)		(263,174		)	(43,953		)
0			0			0			25	Federal & State Income Taxes		0			0
$	(67,047	)	$	(43,953	)	$	(23,094	)	26	Net Profit (Loss)		$	(263,174	)	$	(43,953	)

Attach an Explanation of Variance to Statement of Operations (For variances greater than +/- 10% only):

BALANCE SHEET

(General Business Case)

For the Month Ended May 31, 2002

				From Schedules	Market Value
	Assets
	Current Assets
1	Cash and cash equivalents - unrestricted				$	725
2	Cash and cash equivalents - restricted				0
3	Accounts receivable (net)			A	0
4	Inventory			B	0
5	Prepaid expenses				8,661
6	Professional retainers				50,000
7	Other:		Deposits		12,906
8					0

9	Total Current Assets				42,292

	Property and Equipment (Market Value)
10	Real property			C	0
11	Machinery and equipment			D	0
12	Furniture and fixtures			D	0
13	Office equipment			D	0
14	Leasehold improvements			D	0
15	Vehicles			D	0
16	Other:			D
17				D
18				D
19				D
20				D

21	Total Property and Equipment				0

	Other Assets
22	Investment in IDL Corp. Loans				10
23	Loans to affiliates ($930,990 book value to Intrex Data Communications Corp (C)				0
24		Patents, net book value (A)			27,750
25		Investment in wholly-owned subsidiaries ($23,391,979 book value (B)			0
26		Due from subsidiaries: FCI - $14,006,118; other subsidiaries - $3,100,916 (C)			0
27		Due from affiliated companies			240,142

28	Total Other Assets				267,902

29	Total Assets				$	310,194

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.

(A) Market value, if any, undetermined at submission date of Monthly Operating Report.

(B) Market value unknown at submission date. Status as follows: (i) FCI Environmental, Inc. filed a Ch. 11

Bankruptcy petition in the District of Nevada on December 20, 2001, and continues in operation, and (ii) Intrex Data Communication Corp, a British Columbia subsidiary, is insolvent without operations.

Liabilities and Equity

(General Business Case)

				From Schedules
	Liabilities

	Post-Petition

	Current Liabilities
30	Salaries and wages				$	0
31	Payroll taxes				0
32	Real and personal property taxes				0
33	Income taxes				0
34	Sales taxes				0
35	Notes payable (short term)				315,000
36	Accounts payable (trade)			A	13,396
37	Real property lease arrearage				0
38	Personal property lease arrearage				0
39	Accrued professional fees				83,622
40	Current portion of long-term post-petition debt (due within 12 months)				0
41	Other:		Accrued interest DIP loan		1,764
42
43

44	Total Current Liabilities				413,782

45	Long-Term Post-Petition Debt, Net of Current Portion				0

46	Total Post-Petition Liabilities				413,782

	Pre-Petition Liabilities (allowed amount)
47	Secured claims			F	0
48	Priority unsecured claims			F	818,717
49	General unsecured claims			F	8,267,352

50	Total Pre-Petition Liabilities				9,086,069

51	Total Liabilities				9,499,851

	Equity (Deficit)
52	Equity (Deficit at time of filing)				(36,807,583		)
53	Capital Stock				15,695
54	Additional paid-in capital				55,363,204
55	Cumulative profit/(loss since filing of case)				(263,164		)
56	Post-petition contributions/(distributions or (draws)				0
57		Preferred stock (details attached)			13,898,300
58	Market value adjustment				(41,396,099		)

59	Total Equity (Deficit)				(9,189,657		)

60	Total Liabilities and Equity (Deficit)				$	310,194

SCHEDULES TO THE BALANCE SHEET

(General Business Case)

Schedule A

Accounts Receivable (Net) Payable

Receivables and Payables Agings	Accounts Receivable [Pre and Post Petition]		Accounts Payable [Post Petition]		Past Due Post Petition Debt
0 -30 Days	$	0	$	12,196
31-60 Days	0		85
61-90 Days	0		258		$	470
91+ Days	0		127
Total accounts receivable/payable	0		$	13,396
Allowance for doubtful accounts	0
Accounts receivable (net)	0

Schedule B

Inventory/Cost of Goods Sold

Types and Amount of Inventory(ies)			Cost of Goods Sold
	Inventory(ies) Balance at End of Month
			Inventory Beginning of Month	$	0
			Add -
Retail/Restaurants -			Net purchase	0
Product for resale	$	0	Direct labor	0
			Manufacturing overhead	0
Distribution -			Freight in	0
Product for resale	0		Other:
				0
Manufacturer -				0
Raw Materials	0
Work-in-progress	0		Less
Finished goods	0		Inventory End of Month	0
			Shrinkage	0
Other - Explain	0		Personal Use	0

			Cost of Goods Sold	0
TOTAL	0

Method of Inventory Control

Inventory Valuation Methods

Do you have a functioning perpetual inventory system? N/A
Yes ___ No ___

Indicate by a checkmark method of inventory used.

How often do you take a complete physical inventory? N/A

Valuation methods - N/A

FIFO cost

Weekly

LIFO cost

Monthly

Lower of cost or market

Quarterly

Retail method

Semi-annually

Other -

Annually

Explain

Date of last physical inventory was

N/A

Date of next physical inventory is

N/A

Schedule C

Real Property

Description		Cost		Market Value
	None	$	0	$	0





	Total	0		0

Schedule D

Other Depreciable Assets

Description		Cost	Market Value
Machinery & Equipment -
	None	0	0



	Total	0	0

Furniture & Fixtures -
		0	0



	Total	0	0

Office Equipment -
		0	0


	Total

Leasehold Improvements -
	None	0	0



	Total	0	0

Vehicles -
	None	0	0



	Total	0	0

Schedule E

Aging of Post-Petition Taxes

(As of End of the Current Reporting Period)

Taxes Payable	0-30 Days		31-60 Days		61-90 Days		91+ Days		Total
Federal
Income Tax Withholding	$	0	$	0	$	0	$	0	$	0
FICA - Employee									0
FICA - Employer									0
Unemployment (FUTA)									0
Income									0
Other (Attach List)									0
Total Federal Taxes	0		0		0		0		0
State and Local
Income Tax Withholding	0		0		0		0		0
Unemployment (UT)									0
Disability Insurance (DI)									0
Empl. Training Tax (ETT)									0
Sales									0
Excise									0
Real property									0
Personal property									0
Income									0
Other (Attach List)									0
Total State & Local Taxes	0		0		0		0		0
Total Taxes	0		0		0		0		0

Schedule F

Pre-Petition Liabilities

	Claimed Amount		Allowed Amount (b)
List Total Claims For Each Classification -
Secured claims (a)	$	0	$	0
Priority claims other than taxes	3,345,875		815,522
Priority tax claims	3,195		3,195
General unsecured claims	$	8,267,352	$	8,267,352

(a) List total amount of claims even it under secured.

Schedule G

Rental Income Information

Not applicable to General Business Cases.

Schedule H

Recapitulation of Funds Held at End of Month

	Account 1		Account 2	Account 3	Account 4
Bank	Bank of America
Account Type	Checking
Account No.	3755508414
Account Purpose	General disbursement
Balance, End of Month	$	725
Total Funds on Hand for all Accounts	$	725

Attach copies of the month end bank statement(s), reconciliation(s), and the check register(s) to the Monthly Operating Report.

STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS

Increase/(Decrease) in Cash and Cash Equivalents

For the Month Ended May 31, 2002

			Actual Current Month			Cumulative (Case to Date)
	Cash Receipts
1	Rent/Leases Collected		$	0		$	0
2	Cash Received from Sales		0			0
3	Interest Received		0			0
4	Borrowings		50,000			315,000
5	Funds from Shareholders, Partners, or Other Insiders		0			0
6	Capital Contributions		0			0
7	Cash received from sales of FCI Environmental OxySense product		11,991			155,524
8	Customer deposits		0			4,063
9	Asset disposition		0			1,400
10	Transfers from FCI Environmental, Inc.		16,000			36,000
20,0
12	Total Cash Receipts		77,991			511,987
	Cash Disbursements
13	Payments for Inventory		4,738			10,742
14	Selling		5,720			8,947
15	Administrative		12,762			71,840
16	Capital Expenditures		0			0
17	Principal Payments on Debt		0			0
18	Interest Paid		0			0
	Rent/Lease:
19	Personal Property		1,086			6,590
20	Real Property		2,500			52,918
	Amount Paid to Owner(s)/Officer(s)
21	Salaries		0			0
22	Draws		0			0
23	Commissions/Royalties		0			0
24	Expense Reimbursements		816			15,145
25	Other		0			0
26	Salaries/Commissions (less employee withholding)		0			0
27	Management Fees		0			0
	Taxes:
28	Employee Withholding		0			0
29	Employer Payroll Taxes		0			0
30	Real Property Taxes		0			0
31	Other Taxes		0			0
32	Other Cash Outflows:		0			938
33	Transfers to IDL Corp., an affiliated company		0			5,400
34	Transfers to FCI Environmental, Inc., an affiliated company		50,000			270,742
35	Counsel from DecisionLink, Inc. creditor’s committee		0			20,000
36	DIP lender legal fees		50,000			50,000
37		U.S. Bankruptcy Trustee	1,250			1,250
38	Total Cash Disbursements:		128,872			514,512
39	Net Increase (Decrease in Cash)		(50,881		)	(2,525		)
40	Cash Balance, Beginning of Period		51,606			3,250
41	Cash Balance, End of Period		$	725		$	725

MONTHLY OPERATING REPORT

DecisionLink, Inc. Case No. 01-22706 rjc

May 31, 2002

Additional Information

Summary of Financial Status:

No. 9. Payments made to professionals:

On May 29, 2002, DLNK paid $50,000.00 to Bracewell & Patterson LLP as legal counsel to the post-petition DIP loan lenders as approved under that emergency order authorizing post-petition financing approved by the bankruptcy court on or about December 21, 2001.

No. 11. Payments made to officers:

Payment Date	Check Nbr.	Amount		Purpose	Payee
5/30/02	1140	$	816.28	Expense reimbursement	Ken Culver, CFO

No. 14. An emergency order authorizing post-petition financing was approved by the bankruptcy court on or about December 21, 2001. $315,000 has been received by the end of this reporting period.

Statement of Operations:

The Statement of Operation budget does not include revenues from IDL Corp., an affiliated company that is integral to the debtor’s joint plan of reorganization.

Revenues - - DLNK is a non-operating parent company thereby generating no revenues.

Expenses - - Certain of DLNK’s obligations are undertaken for the benefit of its operating subsidiaries; as such, the related expense is charged to its subsidiaries. For example, DLNK is the obligor for the Las Vegas facility housing two of its wholly owned operating subsidiaries. As a result, the post-petition accounts payable for this lease is charged to DLNK while the related lease expense is charged to the wholly owned operating subsidiaries.

Reorganization Items - Professional Fees - Comprised of expenses for bankruptcy counsel ($4,829), corporate counsel ($4,311) and Bracewell & Patterson LLP ($50,000) as legal counsel to the post-petition DIP loan lenders as approved under that emergency order authorizing post-petition financing approved by the bankruptcy court on or about December 21, 2001.

Explanation of Variances to Statement of Operations:

Balance Sheet:

Cash – Bank statements and reconciliations attached for:

Facility		Account No.
Bank of America		3755508414

Equity:

Common stock - At December 6, 2001, common stock consisted of 500,000,000 authorized, $0.0001 par value shares of which approximately 158,500,000 shares were issued and outstanding.

Preferred stock -

Series B; $0.01 par value; 10,000,000 authorized shares; 72,000 convertible shares issued and outstanding; $10 per share liquidation value.

Special Series; $0.001 par value; 2,250,000 authorized shares; approximately 1,750,000 convertible shares issued and outstanding.

END

EX-99.4 6 j4316_ex99d4.htm EX-99.4

EXHIBIT 99.4

UNITED STATES BANKRUPTCY COURT

DISTRICT OF NEVADA

In re:	Case No.	01-23229 rcj

FCI Environmental, Inc.	CHAPTER 11

	MONTHLY OPERATING REPORT

	(GENERAL BUSINESS CASE)

SUMMARY OF FINANCIAL STATUS

MONTH ENDED:

May 31, 2002

PETITION DATE:

December 20, 2001

1.	Debtor in possession (or trustee) hereby submits this Monthly Operating Report on the Accrual Basis of accounting (or if checked here o the Office of the U.S. Trustee or the Court has approved the Cash Basis of Accounting for the Debtor). Dollars reported in ($1)

2.	Asset and Liabilities Structure	End of Current Month		End of Prior Month		As of Petition Filing
a. Current Assets		$	339,195	$	416,737
b. Total Assets		357,100		434,642		$	347,596
c. Current Liabilities		706,514		669,375
d. Total Liabilities		$	15,262,509	$	15,222,921	$	14,555,995

3.	Statement of Cash Receipts & Disbursements for Month	Current Month			Prior Month			Cumulative (Case to Date)
a. Total Receipts		$	200,104		$	220,687		$	999,675
b. Total Disbursements		206,830			194,908			987,253
c. Excess (Deficiency) of Receipts Over Disbursements (a – b)		(6,726		)	25,779			12,422
d. Cash Balance Beginning of Month		37,399			11,620			18,251
e. Cash Balance End of Month (c + d)		$	30,673		$	37,399		$	30,673
		Current Month			Prior Month			Cumulative (Case to Date)
4.	Profit/(Loss from the Statement of Operations)	$	(117,294	)	$	(33,381	)	$	(622,698	)
5.	Account Receivables (Pre and Post Petition)	104,609			169,854
6.	Post-Petition Liabilities	706,514			669,375
7.	Past Due Post-Petition Account Payables (over 30 days)	$	3,121		$	1,397

At the end of this reporting month:				Yes	No
	8.	Have any payments been made on pre–petition debt, 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)				ý
	9.	Have any payments been made to professionals? (if yes, attach listing including date of payment, amount of payment and name of payee )				ý
	10.	If the answer is yes to 8 or 9, were all such payments approved by the court? (additional information attached )	ý
	11.	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 )	ý
	12.	Is the estate insured for replacement cost of assets and for general liability?	ý
	13.	Are a plan and disclosure statement on file?	ý
	14.	Was there any post-petition borrowing during this reporting period? (additional information attached )	ý
	15.	Check if paid: Post-petition taxes ý ; U.S. Trustee Quarterly Fees ý ; Check if filing is current for: Post-petition tax reporting and tax returns: ý.

(Attach explanation, if post-petition taxes or U.S. Trustee Quarterly Fees are not paid current or if post-petition tax reporting and tax return filings are not current.)

I declare under penalty of perjury I have reviewed the above summary and attached financial statements, and after making reasonable inquiry believe these documents are correct.

Date:	July 11, 2002		/s/ R. Kenyon Culver, CFO
			Responsible Individual

STATEMENT OF OPERATIONS

(General Business Case)

For the Month Ended May 31, 2002

Current Month												Cumulative				Next Month
Actual			Forecast			Variance						(Case to Date)				Forecast
									Revenues:
$	77,483		$	191,758		($114,275	)	1	Gross Sales			$	495,018			$	273,617
0			0			0		2	less: Sales Returns & Allowances			0				0
77,483			191,758			(114,275	)	3	Net Sales			495,018				273,617
47,006			43,246			(3,760	)	4	less: Cost of Goods Sold (Schedule 'B' )			262,231				67,006
30,477			148,512			(118,035	)	5	Gross Profit			232,787				206,611
0			0			0		6	Interest			0				0
0			0			0		7	Other Income:			0				0
								8
								9
30,477			148,512			(118,035	)	10	Total Revenues			232,787				206,611
									Expenses:
42,019			38,333			(3,686	)	11	Compensation to Owner(s/Officer(s)			192,895				33,314
53,816			75,778			21,963		12	Salaries			352,444				73,028
0			0			0		13	Commissions			1,968				0
0			0			0		14	Contract Labor			0				0
								15	Rent/Lease:
10,208			10,825			617		16	Real Property			57,524				10,825
6,132			5,763			(369	)	17	Insurance			29,397				5,763
0			0			0		18	Management Fees			0				0
1,136			1,833			697		19	Depreciation			10,054				1,833
									Taxes:
5,940			8,730			2,790		20	Employee Payroll Taxes			37,197				8,137
0			0			0		1	Real Property Taxes			1,889
0			0			0		2	Other Taxes			0				0
0			10,244			10,244		3	Other Selling			16,484				12,340
18,855			27,353			8,498		4	Other Administrative			124,628				27,706
0			0			0		5	Interest			7,667				0
9,666			0			(9,666	)	6	Other Expenses:	License fees		15,826				0
0			0			0		7				0				0
0			0			0		8				0				0
								9
								10
								11
								12
								13
								14
147,771			178,859			31,088		15	Total Expenses			847,973				172,946
(117,294		)	(30,347		)	(86,947	)	16	Subtotal			(615,186			)	33,665
									Reorganization Items:
0			0			0		17	Professional Fees (additional information attached)		(3,512				)	0
0			0			0		18	Provisions for Rejected Executory Contracts		0					0
0			0			0		19	Interest Earned on Accumulated Cash fromResulting Chp 11 Case		0					0
0			0			0		20	Gain or (Loss from Sale of Equipment )		0					0
0			0			0		21	U.S. Trustee Quarterly Fees		(4,000				)	0
								22
0			0			0		23	Total Reorganization Items		(7,512				)	0
(117,294		)	(30,347		)	(86,947	)	24	Net Profit (Loss Before Federal & State Taxes )		(622,698				)	33,665
0			0			0		25	Federal & State Income Taxes		0					0
($117,294		)	($30,347		)	($86,947	)	26	Net Profit (Loss )		$			(622,698	)	$	33,665

Attach an Explanation of Variance to Statement of Operations (For variances greater than +/- 10% only):

BALANCE SHEET

(General Business Case)

For the Month Ended May 31, 2002

		From Schedules	Market Value
Assets
Current Assets
1	Cash and cash equivalents – unrestricted			$	30,673
2	Cash and cash equivalents – restricted			0
3	Accounts receivable (net)	A		104,609
4	Inventory (net)	B		179,869
5	Prepaid expenses			20,563
6	Professional retainers			3,481
7	Other:			0
8				0

9	Total Current Assets			339,195

Property and Equipment (Market Value)
10	Real property	C		0
11	Machinery and equipment	D		1,759
12	Furniture and fixtures	D		9,800
13	Office equipment	D		5,792
14	Leasehold improvements	D		0
15	Vehicles	D		0
16	Other:	D
17		D
18		D
19		D
20		D

21	Total Property and Equipment			17,351

Other Assets
22				0
23				0
24				0
25				0
26				0
27	Due from affiliated company			554

28	Total Other Assets			0

29	Total Assets			$	357,100

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.

See additional information attached

Liabilities and Equity

(General Business Case)

Liabilities					From Schedules

Post-Petition

Current Liabilities
30			Salaries and wages			$	17,547
31			Payroll taxes			6,954
32			Real and personal property taxes			0
33			A/P clearing			3,848
34			Sales taxes			0
35			Notes payable (short term)			285,000
36			Accounts payable (trade)		A	15,410
37			Real property lease arrearage			0
38			Personal property lease arrearage			0
39			Accrued professional fees			3,512
40			Current portion of long–term post-petition debt (due within 12 months)			0
41			Other:	Warranty reserve, deferred revenue and deposits		99,139
42			Benefits, commissions and accrued DIP loan interest			23,109
43			Due to affiliates			251,995

44			Total Current Liabilities			706,514

45	Long-Term Post-Petition Debt, Net of Current Portion					0

46			Total Post–Petition Liabilities			706,514

Pre–Petition Liabilities (allowed amount)
47			Secured claims		F	0
48			Priority unsecured claims		F	184,155
49			General unsecured claims		F	14,371,840

50			Total Pre-Petition Liabilities			14,555,995

51			Total Liabilities			15,262,509

Equity (Deficit)
52		Equity (Deficit at time of filing)				(14,218,290		)
53		Capital Stock				0
54		Additional paid-in capital				1,000
55		Cumulative profit/(loss since filing of case)				(622,698		)
56		Post-petition contributions/(distributions or (draws)				0
57						0
58		Market value adjustment				(65,421		)

59		Total Equity (Deficit)				(14,905,409		)

60		Total Liabilities and Equity (Deficit)				$	357,100

SCHEDULES TO THE BALANCE SHEET

(General Business Case)

Schedule A

Accounts Receivable (Net) Payable

Receivables and Payables Agings	Accounts Receivable [Pre and Post Petition]		Accounts Payable [Post Petition]			Past Due Post Petition Debt
0 –30 Days	$	84,529	$		12,289
31–60 Days	5,728		1,942
61–90 Days	0		1,179			$	3,121
91+ Days	14,352		0
Total accounts receivable/payable	104,609		$	15,410
Allowance for doubtful accounts	0
Accounts receivable (net)	$	104,609

Schedule B

Inventory/Cost of Goods Sold

Types and Amount of Inventory(ies)				Cost of Goods Sold
	Inventory(ies) Balance at End of Month
				Inventory Beginning of Month	$	177,086

				Add -
Retail/Restaurants -				Net purchase	7,345
Product for resale	$	0		Direct labor	6,396
				Manufacturing overhead	30,476
Distribution -				Freight in	0
Products for resale	0			Other:
					0
Manufacturer -					0
Raw Materials	332,290
Work-in-progress	(32,424		)	Less -
Finished goods	554,083			Inventory End of Month	179,869
				Monitoring	(2,760		)
Other – Explain	(674,080		)	Warranty	(2,811		)
Reserve for obsolescence

TOTAL	$	179,869		Cost of Goods Sold	$	47,006

Method of Inventory Control			Inventory Valuation Methods
Do you have a functioning perpetual inventory system? Yes ý No			Indicate by a checkmark method of inventory used.

How often do you take a complete physical inventory?			Valuation methods
			FIFO cost	ý
Weekly			LIFO cost
Monthly			Lower of cost or market	ý
Quarterly			Retail method
Semi-annually	ý		Other -
Annually
Date of last physical inventory was		1/18/2002	Explain

Date of next physical inventory is		12/31/2002

Schedule C

Real Property


Description		Cost		Market Value
	None	$	0	$	0





	Total	$	0	$	0

Schedule D

Other Depreciable Assets

Description		Cost		Market Value
Machinery & Equipment -
	Various	$	89,137	$	1,759

	5/31/02 NBV = $15,954

	Total	$	89,137	$	1,759
Furniture & Fixtures -
	Various	$	35,000	$	9,800

	5/31/02 NBV = $23,857

	Total	$	35,000	$	9,800
Office Equipment -
	Various	$	262,278	$	5,792

	5/31/02 NBV = $39,251
	Total	$	262,278	$	5,792
Leasehold Improvements -
	None	$	0	$	0



	Total	$	0	$	0

Vehicles -
	None	$	0	$	0



	Total	$	0	$	0

Schedule E

Aging of Post-Petition Taxes

(As of End of the Current Reporting Period)

Taxes Payable	0-30 Days		31-60 Days	61-90 Days		91+ Days	Total
Federal
Income Tax Withholding	$	3,860					$	3,860
FICA - Employee	1,492						1,492
FICA - Employer	1,492				`		1,492
Unemployment (FUTA)	14						14
Income
Other (Attach List)
Total Federal Taxes	6,858						6,858
State and Local
Income Tax Withholding	96						96
Unemployment (UT)
Disability Insurance (DI)
Empl. Training Tax (ETT)
Sales
Excise
Real property
Personal property
Income
Other (Attach List)
Total State & Local Taxes	96						96
Total Taxes	$	6,954					$	6,954

Schedule F

Pre-Petition Liabilities

List Total Claims For Each Classification -	Claimed Amount		Allowed Amount (b)

Secured claims (a)	$	0	$	0
Priority claims other than taxes	148,476		127,462
Priority tax claims	56,693		56,693
General unsecured claims	$	14,371,840	$	14,371,840

(a)		List total amount of claims even it 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 F reporting purposes you should list $10,000,000 as the Claimed Amount and $3,000,000 as the Allowed Amount.

Schedule G

Rental Income Information

Not applicable to General Business Cases.

Schedule H

Recapitulation of Funds Held at End of Month

	Account 1		Account 2		Account 3			Account 4
Bank	Bank of America		Bank of America		Petty cash and suspense			Bank of America OxySense
Account Type	Checking		Checking					Checking
Account No.	37-5550-8595		37-5550-8511					47-9133-4120
Account Purpose	General disbursement		Payroll					General disbursement
Balance, End of Month	$	21,686	$	6,544	$	(1,189	)	$	3,632
Total Funds on Hand for all Accounts	$	30,673

Attach copies of the month end bank statement(s), reconciliation(s), and the check register(s) to the Monthly Operating Report.

STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS

Increase/(Decrease) in Cash and Cash Equivalents

For the Month Ended May 31, 2002

		Actual Current Month			Cumulative (Case to Date)
	Cash Receipts
1	Rent/Leases Collected	$	0		$	0
2	Cash Received from Sales	132,354			401,697
3	Interest Received	0			0
4	Borrowings	0			285,000
5	Funds from Shareholders, Partners, or Other Insiders	0			0
6	Capital Contributions	0			0
7	Transfers from DecisionLink, Inc., an affiliated company	50,000			270,742
8	Transfer from IDL Corp, an affiliated company	15,000			39,486
9	Insurance proceeds	2,750			2,750
10
11
12	Total Cash Receipts	200,104			999,675
	Cash Disbursements
13	Payments for Inventory	4,607			33,303
14	Selling	0			15,680
15	Administrative	31,018			219,852
16	Capital Expenditures	0			0
17	Principal Payments on Debt	0			0
18	Interest Paid	0			0
	Rent/Lease:
19	Personal Property	0			2,274
20	Real Property	0			29,073
	Amount Paid to Owner(s)/Officer(s)
21	Salaries	37,082			147,961
22	Draws	0			0
23	Commissions/Royalties	0			0
24	Expense Reimbursements	0			0
25	Other	0			0
26	Salaries/Commissions (less employee withholding	70,477			281,746
27	Management Fees	0			0
	Taxes:
28	Employee Withholding	34,524			147,683
29	Employer Payroll Taxes	9,622			45,695
30	Real Property Taxes	0			0
31	Other Taxes	0			0
32	Other Cash Outflows:	0			0
33	Transfers to IDL Corp., an affiliated company	0			24,486
34	Transfer to DecisionLink, Inc.	16,000			36,000
35	U.S. Trustee	3,500			3,500
36
37
38	Total Cash Disbursements:	206,830			987,253
39	Net Increase (Decrease in Cash)	(6,726		)	12,422
40	Cash Balance, Beginning of Period	37,399			18,251
41	Cash Balance, End of Period	$	30,673		$	30,673

MONTHLY OPERATING REPORT

FCI Environmental, Inc. 01-23229 rjc

May 31, 2002

Additional Information

Summary of Financial Status:

No. 11. Payments made to officers:

Payment Date	Check Nbr.
Payment Date	Check Nbr.	Amount		Purpose	Payee
5/03/02	11066	$	5,334	Payroll period ended 04/27/02	Ken Culver, CFO
5/03/02	11067	7,367		Payroll period ended 04/27/02	Peter Gerard, CEO
5/17/02	11084	5,334		Payroll period ended 05/11/02	Ken Culver, CFO
5/17/02	11085	7,499		Payroll period ended 05/11/02	Peter Gerard, CEO
5/31/02	11102	4,022		Payroll period ended 05/25/02	Ken Culver, CFO
5/31/02	11103	7,526		Payroll period ended 05/25/02	Peter Gerard, CEO

Approved on or about December 21, 2001, by court order authorizing payment of wages, salaries, employee benefits and reimbursable employee expenses.

No. 14. An emergency order authorizing post-petition financing was approved by the bankruptcy court on or about December 21, 2001. $285,000 has been received by the end of this reporting period.

Statement of Operations:

The Statement of Operation budget does not include revenues from IDL Corp., an affiliated company that is integral to the debtor’s joint plan of reorganization.

Line 4 - Cost of goods sold - - the budget contains only direct material costs. All other costs normally associated with cost of goods sold are included within operating expenses.

General Explanation of Variances to Statement of Operations:

The forecasted amounts are preliminary in nature. These amounts were derived from a combined Chapter 11 bankruptcy budget including affiliated companies

Balance Sheet:

Cash - Bank statements and reconciliations attached for:

Facility		Account No.
Bank of America		37-5550-8595
Bank of America		37-5550-8511

Inventory - the stated inventory balance is net of a $674,080 reserve to appropriately state inventories at the lower of cost or market.

Warranty Reserve ($37,890) and deferred Revenue ($61,249) - were not included as claims in the estate’s Schedule F – Creditors Holding Unsecured Nonpriority Claims, as these obligations will be fulfilled under a Chapter 11 going concern plan of reorganization.

Pre-petition general unsecured claims - includes $14,006,118 due to DecisionLink, Inc. (Chapter 11 case Nbr. 01-22706), the sole owner of FCI, and $108,446 due to affiliated companies.

END

SUMMARY OF FINANCIAL STATUS

SUMMARY OF FINANCIAL STATUS

April 30, 2002

Additional Information

Payment Date

Check Nbr.

Amount

Purpose

Payee

May 31, 2002

Amount

Purpose

Payee

May 31, 2002

Additional Information

Payee