THE KUSHNER-LOCKE COMPANY FORM 8-K 08/09/02

-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, F6Lj++aqTCBqUK3ENbP+PcIJFLwm6GWZoRdoOJa3zD0qmb/vQSSsqInOMj7Bds8I J9uChCdazTIkk1haP6VP2g== 0000950148-02-001918.txt : 20020812 0000950148-02-001918.hdr.sgml : 20020812 20020812143656 ACCESSION NUMBER: 0000950148-02-001918 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 5 CONFORMED PERIOD OF REPORT: 20020809 ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020812 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KUSHNER LOCKE CO CENTRAL INDEX KEY: 0000842009 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MOTION PICTURE & VIDEO TAPE PRODUCTION [7812] IRS NUMBER: 954079057 STATE OF INCORPORATION: CA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10661 FILM NUMBER: 02726607 BUSINESS ADDRESS: STREET 1: 11601 WILSHIRE BLVD 21ST FLR CITY: LOS ANGELES STATE: CA ZIP: 95202 BUSINESS PHONE: 3104812018 MAIL ADDRESS: STREET 1: 11601 WILSHIRE BLVD STREET 2: 21ST FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90025 8-K 1 v83653e8vk.htm 8-K THE KUSHNER-LOCKE COMPANY FORM 8-K 08/09/02

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: August 9, 2002

THE KUSHNER-LOCKE COMPANY

(Exact name of registrant as specified in its charter)


California	0-17295	95-4079057

(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(IRS Employer Identification No.)

8671 Wilshire Blvd., Suite 714 Beverly Hills, California (Address of Principal Executive Offices)		90211 (Zip Code)

(310) 358-5508
(Registrant’s telephone number, including area code)

TABLE OF CONTENTS


	Item 7. Financial Statements, Pro Forma Financial Statements and Exhibits.
SIGNATURE
EXHIBIT 99.1
EXHIBIT 99.2
EXHIBIT 99.3
EXHIBIT 99.4

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

(a) Financial Statements of Business Acquired.

Not Applicable.

(b) Pro Forma Financial Information.

Not Applicable.

     (c)     Exhibits.



Exhibit 99.1.   Monthly Operating Report of the Registrant for the calendar month from April 1, 2002 to April 30, 2002.

Exhibit 99.2.   Monthly Interim Statement of the Registrant for the calendar month from April 1, 2002 to April 30, 2002.

Exhibit 99.3.   Monthly Operating Report of the Registrant for the calendar month from May 1, 2002 to May 31, 2002.

Exhibit 99.4.   Monthly Interim Statement of the Registrant for the calendar month from May 1, 2002 to May 31, 2002.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: August 9, 2002 THE KUSHNER-LOCKE COMPANY

By: /s/ Alice P. Neuhauser
Alice P. Neuhauser
Responsible Officer

EX-99.1 3 v83653exv99w1.txt EXHIBIT 99.1
----------------------------------------------------------------- OFFICE OF THE UNITED STATES TRUSTEE ----------------------------------------------------------------- - ------------------------------------------------------- ------------------------------------------------------------ In re: DEBTOR IN POSSESSION INTERIM STATEMENT The Kushner-Locke Company Page 1 of 3 Statement Number: 6 - ------------------------------------------------------- ------------ Chapter 11 For the Period FROM: 4/1/2002 ------------ Case No. LA 01-44828-SB (Administratively Consolidated TO: 4/30/2002 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) - ------------------------------------------------------- ------------------------------------------------------------ ------------------------------------------------------------ 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 1,756,543.65 1,295,204.22 ------------- ----------- ----------- ----------- B. Less: Total Disbursements per all Prior Statements 1,402,912.51 1,316,241.60 ------------- ----------- ----------- ----------- C. Beginning Balance $ 621,964.35 $ 44,918.83 ------------- ----------- ----------- ----------- D. Receipts during Current Period Description 4/8/2002 Estoaat B.V 4,835.05 4/9/2002 Daro 14,985.02 4/22/2002 Televisa 12,500.04 4/30/2002 Daro 20,982.02 4/30/2002 interest 651.47 4/3/2002 401K tax withholding 3,550.50 4/3/2002 Utilities refunds 197.06 4/3/2002 COBRA Receipts 5,656.33 4/3/2002 Asset Sale 4,490.00 4/4/2002 fund comerica acct 16,000.00 4/12/2002 fund comerica acct 90,000.00 4/12/2002 fund comerica acct 90,000.00 4/23/2002 COBRA Receipts 2,445.43 4/23/2002 Asset Sale 266.00 4/23/2002 Utilities refunds 975.52 4/23/2002 Refunds of Pay Advances 9,543.33 TOTAL RECEIPTS THIS PERIOD 53,953.60 223,124.17 -- -- ------------- ----------- ----------- ----------- E. Balance Available (C plus D) $ 675,917.95 $268,043.00 $ -- $ -- ------------- ----------- ----------- -----------

- ----------------------------------------------------------------------------------------------------------------------- DEBTOR IN POSSESSION INTERIM STATEMENT NO: 6 Page 2 of 3 - ----------------------------------------------------------------------------------------------------------------------- F. Less: Disbursements during Current Period: Date Check No. Payee/Purpose ---- --------- ------------- 4/4/2002 wire fund comerica acct 16,000.00 4/12/2002 wire fund comerica acct 90,000.00 4/12/2002 wire fund comerica acct 90,000.00 4/3/2002 37222 Blue Cross 3,847.00 4/3/2002 37223 Brett Robinson 2,050.00 4/3/2002 37225 Marshall Walker 3,473.00 4/3/2002 37227 Matthew Schuler 1,424.00 4/3/2002 37228 Zerolag 100.00 4/3/2002 37229 Keren Aminia 2,374.93 4/3/2002 37230 Kevin Marino 730.75 4/3/2002 37231 Tanya Miller 1,249.87 4/3/2002 37232 Neri Adam 300.00 4/8/2002 37238 Alberstone 43.30 4/8/2002 37239 Hodes Parking 450.00 4/8/2002 37240 John Lannan 1,250.00 4/8/2002 37241 Marathon Services 509.80 4/8/2002 37242 Recall 1,037.58 4/8/2002 37243 Matthew Schuler 205.00 4/8/2002 37244 Bowne 316.00 4/10/2002 37247 Donald Kushner 3,333.33 4/10/2002 37248 Steve Rosen 825.00 4/10/2002 wire Stuart Hersch 2,083.00 4/10/2002 wire Irwin Friedman 2,083.00 4/10/2002 37251 Donald Kushner 4,167.00 4/10/2002 37252 Peter Locke 4,167.00 4/11/2002 wire employment taxes 32,093.12 4/11/2002 7858 payroll 1,294.09 4/11/2002 7859 payroll 21,144.92 4/11/2002 7860 payroll 2,130.16 4/11/2002 7861 payroll 4,188.47 4/11/2002 7862 payroll 852.77 4/12/2002 37253 Keren Aminia - moving cost 5,410.29 4/15/2002 37255 Fortis Benefits 51.76 4/17/2002 37256 American Moving & Storage 562.27 4/17/2002 37257 AT&T 506.68 4/17/2002 37258 Bonded Services 7,131.95 4/17/2002 37259 Recall 561.49 4/17/2002 37260 Brett Robinson 450.00 4/17/2002 37261 Matthew Schuler 440.00 4/18/2002 wire employment taxes 6,036.32 4/18/2002 7863 898.16 4/18/2002 7864 9,610.99 4/18/2002 7865 1,619.48 4/18/2002 7866 3,231.73 4/18/2002 7867 301.79 4/18/2002 misc. 114.45 4/26/2002 37262 Carolco 187.84 4/26/2002 37263 Steve Rosen 525.00 4/26/2002 37264 Matthew Schuler 80.00 4/26/2002 wire ADP charge 81.53 4/29/2002 37265 ATT Calling Card 1,786.48 4/29/2002 37266 Blue Cross 8,681.00 4/29/2002 37267 Fortis Benefits 496.87 4/29/2002 37268 Matthew Schuler 385.50 4/29/2002 37269 Marshall Walker 30.80 4/30/2002 7868 payroll 7,979.53 4/30/2002 7869 payroll 1,249.87 TOTAL DISBURSEMENTS THIS PERIOD: 196,000.00 156,134.87 -- -- ------------ ------------- -------- -------- G. Ending Balance (E less F) $ 479,917.95 $ 111,908.13 $ -- $ -- ------------ ------------- -------- --------

- ------------------------------------------------------------------------------------------------------------------------------ DEBTOR IN POSSESSION INTERIM STATEMENT NO: 6 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 $ 1,000.00 Bank of Scotland - Pinocchio 3549485 1,249,537.51 Pounds Sterling Time Deposit (KL' s interest is 70%) Bank of Scotland - Basil 3626816 194,263.17 Pounds Sterling Time Deposit (KL' s interest is 80%) Allied Pinocchio 10747301 4,423.11 Pounds Sterling KLI-UK 10008956 2,436.06 Pounds Sterling Freeway\Kushner-Locke 323-509487 $ 255.95 I: Other monies on hand (continued): Additionally, the Company maintains a minimal amount of Petty Cash (less than $500). Joint Venture Accounts: KL MDP Sensation 60-066-930 $ 17,531.32 KL\7 Venture 1890-69-6360 9,244.49 Denial Venture 1890-69-6501 41,672.39 Cracker LLC 1891-04-1665 1,000.00 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
EX-99.2 4 v83653exv99w2.txt EXHIBIT 99.2
---------------------------------------------------------------- OFFICE OF THE UNITED STATES TRUSTEE ---------------------------------------------------------------- - ----------------------------------------------------- -------------------------------------------------------- In re: DEBTOR IN POSSESSION OPERATING REPORT The Kushner-Locke Company Report Number: 6 Page 1 of 2 ------------- Chapter 11 For the Period FROM: 4/1/2002 ------------- Case No. LA 01-44828-SB (Administratively Consolidated with TO: 4/30/2002 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) - ----------------------------------------------------- -------------------------------------------------------- 1 Profit and Loss Statement (Accrual Basis Only) A. Related to Business Operations Gross Sales $ 50,000 ---------- Costs Related to Revenues (Film Cost Amortization) -- ---------- Gross Profit 50,000 ------------- Less: Operating Expenses Officer Compensation 60,553 ---------- Salaries and Wages - Other Employees 37,036 ---------- Total Salaries and Wages 97,590 ---------- Employee Benefits and Pensions 8,811 ---------- Employer Payroll Taxes/Fees 8,243 ---------- Other Taxes -- ---------- Total Taxes 8,243 ---------- Rent and Lease Expense (including parking) 450 ---------- Distribution/Delivery Expenses ---------- Interest Expense -- ---------- Insurance ---------- Automobile Expense/Mileage ---------- Utilities (incl. Phone, phone equipment, internet) 2,436 ---------- Depreciation and Amortization -- ---------- Business Equipment Leases 510 ---------- Business Expense reimbursement 188 ---------- Storage Expense 7,693 ---------- Supplies, Office Expenses, Photocopies, etc. ---------- Bad Debts -- ---------- Miscellaneous Operating Expenses 7,326 ---------- Total Operating Expenses 133,247 ---------- Net Gain/Loss from Business Operations (83,247) ------------- B. Not related to Business Operations Income Interest Income ---------- Other Non-Operating Revenues -- ---------- Gross Proceeds on Sale of Assets 4,756 ---------- Less: Original Cost of Assets plus expenses of sale -- ---------- Net Gain/Loss on Sale of Assets 4,756 ---------- Total Non-Operating Income 4,756 ------------- Expenses Not Related to Business Operations Legal and Professional Service Fees (Covered by prepetition retainer) -- ---------- Other Non-Operating Expenses (Board/Trustee fees) 13,750 ---------- Total Non-Operating Expenses 13,750 ------------- NET INCOME/(LOSS) FOR PERIOD $ (92,241) =============

- --------------------------------------------------------------------------------------------------------------------- DEBTOR IN POSSESSION OPERATING REPORT NO: 6 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 -- 7,634,184 -------------- ------------- Due in the Future -- 4,032,400 -------------- ------------- TOTAL -- 11,666,584 -------------- ------------- 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 1/11/02) St. Paul 1,000,000 1/14/2003 1/14/2003 Commercial Property (RENEWED) St. Paul 2,000,000 2/14/2003 2/14/2003 Commercial Umbrella St. Paul 10,000,000 2/14/2002 2/14/2002 Guild Travel Accident Coverage Hartford 500,000 2/14/2002 2/14/2002 Crime/Fiduciary Liability Federal 1,000,000 2/14/2002 2/14/2002 Foreign GL & WC ACE American 1,000,000 2/14/2002 2/14/2002 Errors & Omissions - Productions AIG 6,000,000 3/3/2002 3/3/2002 Errors & Omissions - Library (RENEWED) St. Paul 3,000,000 3/3/2003 3/3/2003 Directors and Officers Nat'l Union 10,000,000 8/21/2002 8/21/2002 Employment Practices Liability Nat'l Union 5,000,000 10/31/2002 10/31/2002 Life, Peter Locke: (Beneficiary: Company) Jefferson 5,000,000 2/14/2002 2/14/2002 Life, Donald Kushner: (Beneficiary: Company) Lincoln 5,000,000 2/14/2002 2/14/2002 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? [ ] 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? [ ] Yes Explain: [x] No 7 Statement on Unpaid Professional Fees (Postpetition Amounts Only) Total unpaid post-petition Professional Fees during the reporting period: $339,823 8 Narrative Report of Significant Events and Events out of the Ordinary Course of Business: None. 9 Quarterly Fees: Paid Quarterly Fee 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
EX-99.3 5 v83653exv99w3.txt EXHIBIT 99.3
----------------------------------------------------------------- OFFICE OF THE UNITED STATES TRUSTEE ----------------------------------------------------------------- - ------------------------------------------------------- ---------------------------------------------------------------- In re: DEBTOR IN POSSESSION INTERIM STATEMENT The Kushner-Locke Company Page 1 of 3 Statement Number: 7 - ------------------------------------------------------- ---------------- Chapter 11 For the Period FROM: 5/1/2002 ---------------- Case No. LA 01-44828-SB (Administratively Consolidated TO: 5/31/2002 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) - ------------------------------------------------------- ---------------------------------------------------------------- ---------------------------------------------------------------- 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 1,810,497.25 1,518,328.39 --------------- -------------- -------- --------- B. Less: Total Disbursements per all Prior Statements 1,598,912.51 1,472,376.47 --------------- -------------- -------- --------- C. Beginning Balance $ 479,917.95 $111,908.13 --------------- -------------- -------- --------- D. Receipts during Current Period Description 5/8/2002 A&E Home Video 261.39 5/8/2002 Hamdon Ent. 9,334.00 5/10/2002 Phone Bill Refunds 1,829.68 5/10/2002 COBRA Reimbursements 4,354.95 5/21/2002 transfer from KL Prod P/R Acct 30.90 5/28/2002 Egmont/Nordisk 1,286.17 5/28/2002 funding from chase 45,000.00 5/31/2002 interest 558.53 TOTAL RECEIPTS THIS PERIOD 11,440.09 51,215.53 -- -- --------------- -------------- -------- --------- E. Balance Available (C plus D) $ 491,358.04 $163,123.66 $ -- $ -- --------------- -------------- -------- ---------

- ----------------------------------------------------------------------------------------------------------------------- DEBTOR IN POSSESSION INTERIM STATEMENT NO: 7 Page 2 of 3 - ----------------------------------------------------------------------------------------------------------------------- F. Less: Disbursements during Current Period: Date Check No. Payee/Purpose ---- --------- ------------- 5/1/2002 37272 Hodes Parking 360.00 5/1/2002 37273 Imperial Idaho Investment Co. 2,000.00 5/1/2002 37274 Payroll 2,490.13 5/1/2002 37275 Payroll 778.85 5/1/2002 37276 Payroll 306.36 5/1/2002 wire Payroll Taxes 8,929.84 5/3/2002 wire ADP Fees 141.48 5/6/2002 37277 Donald Kushner 2,083.00 5/6/2002 37278 John Lannan 1,250.00 5/6/2002 37279 Peter Locke 2,083.00 5/6/2002 37280 Marathon Services, Inc 259.80 5/6/2002 37281 Pacific Bell 65.72 5/6/2002 37282 Qwest Communications 30.15 5/6/2002 37283 Recall 647.12 5/6/2002 37284 Zerolag Communications, Inc 100.00 5/8/2002 wire Irwin Friedman 2,083.00 5/8/2002 wire Stuart Hersch 2,083.00 5/8/2002 37285 Matthew Schuler 600.00 5/8/2002 37286 Postmaster 34.00 5/10/2002 wire ADP Fees 96.01 5/10/2002 37287 Pacific Bell 159.56 5/14/2002 7870 Payroll 730.75 5/14/2002 7871 Payroll 7,303.36 5/14/2002 7872 Payroll 1,249.88 5/14/2002 7873 Payroll 2,490.14 5/14/2002 7874 Payroll 285.78 5/14/2002 wire Payroll Taxes 7,764.37 5/15/2002 37288 Bonded Services, Inc 6,276.20 5/15/2002 37289 Matthew Schuler 642.33 5/15/2002 37290 Secretary of State 20.00 5/15/2002 37291 Secretary of State 20.00 5/15/2002 37292 STEVEN ROSEN 1,275.00 5/17/2002 37294 Matthew Schuler 80.00 5/17/2002 wire ADP Fees 20.00 5/20/2002 37296 ADP, Inc 26.36 5/22/2002 37301 Donniger & Fetter 33,820.29 5/24/2002 wire ADP Fees 99.76 5/28/2002 7875 Payroll 730.75 5/28/2002 7876 Payroll 9,926.69 5/28/2002 7877 Payroll 1,249.87 5/28/2002 7878 Payroll 2,490.14 5/28/2002 7879 Payroll 281.21 5/28/2002 wire Payroll Taxes 8,223.58 5/29/2002 37302 Arch Wireless 46.42 5/29/2002 37303 Barbara Brosnan & Associates 1,258.35 5/29/2002 37304 Blue Cross 11,530.00 5/29/2002 37305 Hodes Parking 360.00 5/29/2002 37306 Suzanne Nardacci 2,503.00 5/29/2002 37307 Pacific Bell 1,857.34 5/29/2002 37308 Property Management Associates, I 2,000.00 5/29/2002 37309 American Moving & Storage Co, Inc 40.00 5/31/2002 37310 American Moving & Storage Co, Inc 105.00 5/31/2002 37311 Fortis Benefits Insurance Co. 963.19 5/31/2002 37312 Marathon Services, Inc 259.80 5/31/2002 37313 Suzanne Nardacci 2,475.00 5/28/2002 wire Fund KL Operations 45,000.00 TOTAL DISBURSEMENTS THIS PERIOD: 45,000.00 134,985.58 -- -- ------------ ----------- ----------- ----------- G. Ending Balance (E less F) $ 446,358.04 $ 28,138.08 $ -- $ -- ------------ ----------- ----------- -----------

- -------------------------------------------------------------------------------------------------------------------------------- DEBTOR IN POSSESSION INTERIM STATEMENT NO: 7 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 $ 1,000.00 Bank of Scotland - Pinocchio 3549485 1,253,517.20 Pounds Sterling Time Deposit (KL' s interest is 70%) Bank of Scotland - Basil 3626816 194,263.17 Pounds Sterling Time Deposit (KL' s interest is 80%) Allied Pinocchio 10747301 4,423.11 Pounds Sterling KLI-UK 10008956 2,426.06 Pounds Sterling Freeway\Kushner-Locke 323-509487 $ 255.95 I: Other monies on hand (continued): Additionally, the Company maintains a minimal amount of Petty Cash (less than $500). Joint Venture Accounts: KL MDP Sensation 60-066-930 $ 17,531.32 KL\7 Venture 1890-69-6360 9,252.34 Denial Venture 1890-69-6501 41,672.39 Cracker LLC 1891-04-1665 1,000.00 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
EX-99.4 6 v83653exv99w4.txt EXHIBIT 99.4
---------------------------------------------------------------- OFFICE OF THE UNITED STATES TRUSTEE ---------------------------------------------------------------- - ----------------------------------------------------- -------------------------------------------------------- In re: DEBTOR IN POSSESSION OPERATING REPORT The Kushner-Locke Company Report Number: 7 Page 1 of 2 ------------- Chapter 11 For the Period FROM: 5/1/2002 ------------- Case No. LA 01-44828-SB (Administratively Consolidated with TO: 5/31/2002 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) - ----------------------------------------------------- -------------------------------------------------------- 1 Profit and Loss Statement (Accrual Basis Only) A. Related to Business Operations Gross Sales $ 40,000 ---------- Costs Related to Revenues (Film Cost Amortization) -- ---------- Gross Profit 40,000 ----------- Less: Operating Expenses Officer Compensation 28,950 ---------- Salaries and Wages - Other Employees 30,226 ---------- Total Salaries and Wages 59,176 ---------- Employee Benefits and Pensions 8,138 ---------- Employer Payroll Taxes/Fees 3,631 ---------- Other Taxes -- ---------- Total Taxes 3,631 ---------- Rent and Lease Expense (including parking) 4,720 ---------- Distribution/Delivery Expenses 34 ---------- Interest Expense -- ---------- Insurance ---------- Automobile Expense/Mileage ---------- Utilities (incl. Phone, phone equipment, internet) 2,259 ---------- Depreciation and Amortization -- ---------- Business Equipment Leases 520 ---------- Business Expense reimbursement ---------- Storage Expense 7,068 ---------- Supplies, Office Expenses, Photocopies, etc. ---------- Bad Debts -- ---------- Miscellaneous Operating Expenses 384 ---------- Total Operating Expenses 85,930 ---------- Net Gain/Loss from Business Operations (45,930) ----------- 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 (Covered by prepetition retainer) 35,079 ---------- Other Non-Operating Expenses (Board/Trustee fees) 9,582 ---------- Total Non-Operating Expenses 44,661 ----------- NET INCOME/(LOSS) FOR PERIOD $ (90,591) ===========

- --------------------------------------------------------------------------------------------------------------------- DEBTOR IN POSSESSION OPERATING REPORT NO: 7 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 -- 7,599,184 -------------- ------------- Due in the Future -- 4,032,400 -------------- ------------- TOTAL -- 11,631,584 -------------- ------------- 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 1/11/02) St. Paul 1,000,000 1/14/2003 1/14/2003 Commercial Property (RENEWED) St. Paul 2,000,000 2/14/2003 2/14/2003 Commercial Umbrella St. Paul 10,000,000 2/14/2002 2/14/2002 Guild Travel Accident Coverage Hartford 500,000 2/14/2002 2/14/2002 Crime/Fiduciary Liability Federal 1,000,000 2/14/2002 2/14/2002 Foreign GL & WC ACE American 1,000,000 2/14/2002 2/14/2002 Errors & Omissions - Productions AIG 6,000,000 3/3/2002 3/3/2002 Errors & Omissions - Library (RENEWED) St. Paul 3,000,000 3/3/2003 3/3/2003 Directors and Officers Nat'l Union 10,000,000 8/21/2002 8/21/2002 Employment Practices Liability Nat'l Union 5,000,000 10/31/2002 10/31/2002 Life, Peter Locke: (Beneficiary: Company) Jefferson 5,000,000 2/14/2002 2/14/2002 Life, Donald Kushner: (Beneficiary: Company) Lincoln 5,000,000 2/14/2002 2/14/2002 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? [ ] 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? [ ] Yes Explain: [x] No 7 Statement on Unpaid Professional Fees (Postpetition Amounts Only) Total unpaid post-petition Professional Fees during the reporting period: $548,273.18 8 Narrative Report of Significant Events and Events out of the Ordinary Course of Business: None. 9 Quarterly Fees: Paid Quarterly Fee 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
-----END PRIVACY-ENHANCED MESSAGE-----

Table of Contents

Table of Contents


	Exhibit 99.1. Monthly Operating Report of the Registrant for the calendar month from April 1, 2002 to April 30, 2002.

	Exhibit 99.2. Monthly Interim Statement of the Registrant for the calendar month from April 1, 2002 to April 30, 2002.

	Exhibit 99.3. Monthly Operating Report of the Registrant for the calendar month from May 1, 2002 to May 31, 2002.

	Exhibit 99.4. Monthly Interim Statement of the Registrant for the calendar month from May 1, 2002 to May 31, 2002.


Dated: August 9, 2002	THE KUSHNER-LOCKE COMPANY

	By:	/s/ Alice P. Neuhauser Alice P. Neuhauser Responsible Officer