EX-99.1 2 v11159exv99w1.htm EXHIBIT 99.1 exv99w1
 

EXHIBIT 99.1

Office of the United States Trustee

In re:
   The Kushner-Locke Company
Chapter 11
Case No. LA 01-44828-SB (Administratively Consolidated with
Case Nos. LA 01-44829-SB through LA 01-44831-SB; LA 01-
44833-SB through LA 01-44836-SB; and LA 01-44841-SB)
DEBTOR IN POSSESSION INTERIM STATEMENT
Page 1 of 3
     
Statement Number:
  43
 
   
For the Period FROM:
  5/1/2005
 
   
TO:
  5/31/2005
 
   


CASH ACTIVITY ANALYSIS (Cash Basis Only)
                         
    Collateral   Concentration        
    Account   Account        
Balance before Statement #1
    268,333.21       65,956.21          
A. Total Receipts per all Prior Interim Statements
    7,299,247.59       5,655,916.40          
B. Less: Total Disbursements per all Prior Statements
    5,861,903.55       5,553,809.09          
C. Beginning Balance
    1,705,677.25       168,063.52          
D. Receipts during Current Period
                        
                                 
    Description                            
 
  5/16/2005   Lifetime     85,000.00                  
 
  5/16/2005   Vision Films     42,022.16                  
 
  5/24/2005   Lifetime     175,000.00                  
 
  5/24/2005   A & E     147.23                  
 
  5/25/2005   Wire Transfer             40,000.00          
 
  5/31/2005   interest     4,724.11                  
 
                                
    TOTAL RECEIPTS THIS PERIOD     306,893.50       40,000.00     —   —
E.   Balance Available (C plus D)     2,012,570.75       208,063.52   $ — $ —

 

 

         
 
  DEBTOR IN POSSESSION INTERIM STATEMENT NO: 43   Page 2 of 3
F. Less: Disbursements during Current Period:
                             
Date   Check No.   Payee/Purpose                    
                     
5/4/2005
   38229   Federal Express         34.18          
5/4/2005
   38230   Alice P. Neuhauser         563.55          
5/4/2005
   38231   Bonded Services, Inc         6,505.17          
5/4/2005
   38232   Qwest Communications         43.33          
5/4/2005
   38233   USI of Southern California         5,000.00          
5/4/2005
   38234   Digital Post Services         50.00          
5/4/2005
   38236   Brandon & Morner-Ritt         73,018.64          
5/5/2005
       ADP Taxes         8,530.91          
5/6/2005
       ADP Fees         194.48          
5/6/2005
   8186   Payroll         1,213.46          
5/6/2005
   8187   Payroll         11,035.54          
5/6/2005
   8188   Payroll         1,419.17          
5/6/2005
   8189   Payroll         2,510.53          
5/13/2005
       ADP Fees         20.00          
5/23/2005
   38234   Void Check 38234 and Reissue 38243         (50.00 )        
5/24/2005
   38237   Point 360         29.60          
5/24/2005
       ADP Taxes         3,942.03          
5/24/2005
   8190   Payroll         2,478.13          
5/24/2005
   8191   Payroll         5,156.63          
5/24/2005
   8192   Payroll         1,419.17          
5/24/2005
   8193   Payroll         2,510.53          
5/25/2005
   8194   Payroll         1,213.47          
5/25/2005
       ADP Taxes         566.90          
5/25/2005
   38238   Kushner-Locke - City National Start-Up         1,000.00          
5/25/2005
       Wire Transfer   40,000.00                
5/27/2005
       ADP Fees         17.49          
5/27/2005
   38239   New Beginnings Enterprises         3,972.10          
5/27/2005
   38240   Bonded Services, Inc         7,003.16          
5/27/2005
   38241   SBC         83.40          
5/27/2005
   38242   Health Net         3,239.13          
5/27/2005
   38243   Digital Post Services         25.33          
5/27/2005
   38244   Bowne of Los Angeles, Inc         522.00          
5/27/2005
   38245   Arrowhead         9.61          
5/27/2005
   38246   Blue Shield of California         373.00          
5/27/2005
   38247   Recall         1,388.20          
5/27/2005
   38248   Accurate Express         23.70          
5/27/2005
   38249   Federal Express         89.85          
5/27/2005
   38250   Digital Post Services         1,621.15          
5/27/2005
   38251   Digital Post Services         743.24          
5/31/2005
   38252   Digital Post Services         25.33          
5/31/2005
   38253   Qwest Communications         76.66          
   TOTAL DISBURSEMENTS THIS PERIOD:   40,000.00     147,618.77     —   —
G. Ending Balance (E less F)   1,972,570.75     60,444.75   $ — $ —

 

 

DEBTOR IN POSSESSION INTERIM STATEMENT NO: 43   Page 3 of 3
         
H.
  (1) Collateral Account:    
 
       a) Depository Name and Location:   Chase Bank 1 Chase Manhattan Plaza, New York, NY 10081
 
       b) Account Number:        323221556
 
  (2) Concentration Account:    
 
       a) Depository Name and Location:   Comerica Bank 10900 Wilshire Blvd, Los Angeles, CA 90024
 
       b) Account Number:        1891935460
I: Other monies on hand:
                     
The Kushner Locke Company PWI account
   1891215236     731.10          
Bank of Scotland — Pinocchio
   936582     875,793.74     Pound Sterling   Time Deposit
Bank of Scotland — Basil
   936582     215,495.74     Pound Sterling   Time Deposit (KL’ s interest is 50%)
Allied Pinocchio
   10747301     —     Pound Sterling    
Edge Entertainment
   1891152710     172.89          
European Films LTD
   1890563818     7,051.58          
City National Bank — Collection Account
   112391673     750.00          
I: Other monies on hand (continued):
Additionally, the Company maintains a minimal amount of Petty Cash (less than $500).
             
Joint Venture Accounts:
            
BLT Venture
   178-71491-7     16,890.04  
BLT Venture
   16-524173-1101     330.45  
KL MDP Sensation
   60-066-930     17,689.61  
KL\7 Venture
   1890-69-6360     11,957.82  
Denial Venture
   1890-69-6501     72,644.04  
Cracker LLC
   1891-04-1665     732.79  
Swing
   323-518095     6,957.50  
I, Alice Neuhauser, declare under penalty of perjury that the information contained in the above Debtor in Possession Interim Statement is true and correct to the best of my knowledge.
     
  /s/ ALICE P. NEUHAUSER
 
 
Debtor in Possession