EX-99.2 3 v20996exv99w2.htm EX-99.2 exv99w2
 

EXHIBIT 99.2
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 OPERATING REPORT
Page 1 of 2
           
Statement Number:
     53  
 
      
For the Period FROM:
     3/1/2006  
 
      
TO:
     3/31/2006  
 
      


                         
1 Profit and Loss Statement (Accrual Basis Only)
                        
A. Related to Business Operations
                        
Gross Sales
           $ —          
 
                      
Costs Related to Revenues (Film Cost Amortization)
                        
 
                      
Gross Profit
                     —  
 
                      
Less: Operating Expenses
                        
Officer Compensation
     35,719                  
 
                      
Salaries and Wages — Other Employees
     14,215                  
 
                      
Total Salaries and Wages
             49,934          
 
                      
Employee Benefits and Pensions
             4,560          
 
                      
Employer Payroll Taxes/Fees
     4,238                  
 
                      
Other Taxes
                        
 
                      
Total Taxes
             4,238          
 
                      
Rent and Lease Expense (including parking)
     4,052                  
 
                      
Distribution/Delivery Expenses
     11,418                  
 
                      
Interest Expense
                        
 
                      
Insurance
     5,000                  
 
                      
Automobile Expense/Mileage
                        
 
                      
Utilities (incl. Phone, phone equipment, internet)
     919                  
 
                      
Depreciation and Amortization
                        
 
                      
Business Equipment Leases
                        
 
                      
Business Expense reimbursement
     1,405                  
 
                      
Storage Expense
     7,823                  
 
                      
Supplies, Office Expenses, Photocopies, etc.
     25                  
 
                      
Bad Debts
                        
 
                      
Miscellaneous Operating Expenses
     1,221                  
 
                      
Total Operating Expenses
             90,595          
 
                      
Net Gain/Loss from Business Operations
                     (90,595 )
 
                      
B. Not related to Business Operations
                        
Income
                        
Interest Income
                        
 
                      
Other Non-Operating Revenues
             —          
 
                      
Gross Proceeds on Sale of Assets
     —                  
 
                      
Less: Original Cost of Assets plus expenses of sale
     —                  
 
                      
Net Gain/Loss on Sale of Assets
             —          
 
                      
Total Non-Operating Income
                     —  
 
                      
Expenses Not Related to Business Operations
                        
Legal and Professional Service Fees
             6,366          
 
                      
Other Non-Operating Expenses (Board/Trustee fees)
             —          
 
                      
Total Non-Operating Expenses
                     6,366  
 
                      
NET INCOME/(LOSS) FOR PERIOD
                   $ (96,960 )
 
                      

 

 

DEBTOR IN POSSESSION OPERATING REPORT NO: 53   Page 2 of 2
2 Aging of Accounts Payable and Accounts Receivable (exclude prepetition accounts payable):
                 
    Accounts     Accounts  
    Payable     Receivable  
Current      Under 30 days
             —  
Overdue      31-60 days
     —       —  
Overdue      61-90 days
     —          
Overdue      91-120 days
     —          
Overdue Over      121 days
     —          
Due in the Future
     2,763       1,514,834  
TOTAL
     2,763       1,514,834  
3 Statement of Status of Payments to Secured Creditors and Lessors:
     No payments to Secured Creditors or Lessors were paid or payable during the reporting period.
4 Tax Liability
     No tax payments were paid or payable during the reporting period other than payroll taxes shown above.
                                 
5 Insurance Coverage   Carrier/     Amount of     Policy     Premium Paid  
    Agent Name     Coverage     Expiration Date     Through Date  
Worker’s Compensation (RENEWED)
   St. Paul     1,000,000       1/14/2007       1/14/2007  
Commercial Property (RENEWED)
   St. Paul     2,000,000       2/14/2007       2/14/2007  
Errors & Omissions — Library (RENEWED)
   St. Paul     3,000,000       3/3/2007       3/3/2007  
6 Questions:
  A.   Has the Debtor in Possession provided compensation to any officers, directors, shareholders, or other principals without the approval of the Office of the United States Trustee?
      o Yes          Explain:
      x No
 
  B.   Has the Debtor in Possession, subsequent to the filing of the petition, made any payments on its prepetition unsecured debt, except as authorized by the Court?
      o Yes          Explain:
      x No
7 Statement on Unpaid Professional Fees (Postpetition Amounts Only)
         
Total unpaid post-petition Professional Fees during the reporting period:
   $ 230,897.12  
8 Narrative Report of Significant Events and Events out of the Ordinary Course of Business:
     None.
9 Quarterly Fees:
     Paid
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 Neuhauser    
  Debtor in Possession