-----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, H4ZLE64VFx9R5BlZKCP9EIrT6xpXT/jCDeyXd4Zw9tnE/CXMTIbXm3rueztaTsLG 5MLXi2uKm+wHDhQAKGOsGQ== 0000950148-02-002470.txt : 20021021 0000950148-02-002470.hdr.sgml : 20021021 20021021133333 ACCESSION NUMBER: 0000950148-02-002470 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 7 CONFORMED PERIOD OF REPORT: 20021018 ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20021021 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: 02793651 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 v84992e8vk.htm FORM 8-K The Kushner-Locke Company
Table of Contents

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: October 18, 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		    
90211
(Address of Principal Executive Offices)   (Zip Code)

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

 

Item 7. Financial Statements, Pro Forma Financial Statements and Exhibits.
SIGNATURE
EXHIBIT 99.1
EXHIBIT 99.2
EXHIBIT 99.3
EXHIBIT 99.4
EXHIBIT 99.5
EXHIBIT 99.6

Table of Contents

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 Kushner-Locke Company (the “Registrant”) for the calendar month from June 1, 2002 to June 30, 2002.
     
  Exhibit 99.2. Monthly Interim Statement of the Registrant for the calendar month from June 1, 2002 to June 30, 2002.
     
  Exhibit 99.3. Monthly Operating Report of the Registrant for the calendar month from July 1, 2002 to July 31, 2002.
     
  Exhibit 99.4. Monthly Interim Statement of the Registrant for the calendar month from July 1, 2002 to July 31, 2002.
     
  Exhibit 99.5. Monthly Operating Report of the Registrant for the calendar month from August 1, 2002 to August 31, 2002.
     
  Exhibit 99.6. Monthly Interim Statement of the Registrant for the calendar month from August 1, 2002 to August 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 18, 2002   THE KUSHNER-LOCKE COMPANY
 
    By:   /s/ ALICE P. NEUHAUSER
       
        Alice P. Neuhauser
Responsible Officer

  EX-99.1 3 v84992exv99w1.txt EXHIBIT 99.1 EXHIBIT 99.1 ----------------------------------- OFFICE OF THE UNITED STATES TRUSTEE ----------------------------------- - ------------------------------------------------------------ ------------------------------------------------------------ In re: DEBTOR IN POSSESSION OPERATING REPORT The Kushner-Locke Company Report Number: 8 Page 1 of 2 ---------------- Chapter 11 For the Period FROM: 6/1/2002 ---------------- Case No. LA 01-44828-SB (Administratively Consolidated with TO: 6/30/2002 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 $ - --------------- Costs Related to Revenues (Film Cost Amortization) - --------------- Gross Profit - ---------------- Less: Operating Expenses Officer Compensation 24,750 --------------- Salaries and Wages - Other Employees 17,727 --------------- Total Salaries and Wages 42,477 --------------- Employee Benefits and Pensions 6,463 --------------- Employer Payroll Taxes/Fees 1,725 --------------- Other Taxes - --------------- Total Taxes 1,725 --------------- Rent and Lease Expense (including parking) --------------- Distribution/Delivery Expenses 665 --------------- Interest Expense - --------------- Insurance --------------- Automobile Expense/Mileage --------------- Utilities (incl. Phone, phone equipment, internet) 525 --------------- Depreciation and Amortization - --------------- Business Equipment Leases --------------- Business Expense reimbursement 135 --------------- Storage Expense 7,392 --------------- Supplies, Office Expenses, Photocopies, etc. 245 --------------- Bad Debts - --------------- Miscellaneous Operating Expenses 1,219 --------------- Total Operating Expenses 60,847 --------------- Net Gain/Loss from Business Operations (60,847) ---------------- 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 16,153 --------------- Other Non-Operating Expenses (Board/Trustee fees) 9,586 --------------- Total Non-Operating Expenses 25,739 ---------------- NET INCOME/(LOSS) FOR PERIOD $ (86,585) ================
- -------------------------------------------------------------------------------- DEBTOR IN POSSESSION OPERATING REPORT NO: 8 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: $608,518.87 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 P. NEUHAUSER ------------------------------------ Debtor in Possession EX-99.2 4 v84992exv99w2.txt EXHIBIT 99.2 EXHIBIT 99.2 ----------------------------------- OFFICE OF THE UNITED STATES TRUSTEE ----------------------------------- - ------------------------------------------------------------ ---------------------------------------------------------------- In re: DEBTOR IN POSSESSION INTERIM STATEMENT The Kushner-Locke Company Page 1 of 3 Statement Number: 8 - ------------------------------------------------------------ ---------------- Chapter 11 For the Period FROM: 6/1/2002 ---------------- Case No. LA 01-44828-SB (Administratively Consolidated with TO: 6/30/2002 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) - ------------------------------------------------------------ ----------------------------------------------------------------
---------------------------------------------------------------- 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 1,821,937.34 1,569,543.92 ---------------------------------------------------------------- B. Less: Total Disbursements per all Prior Statements 1,643,912.51 1,607,362.05 ---------------------------------------------------------------- C. Beginning Balance $ 446,358.04 $ 28,138.08 ---------------------------------------------------------------- D. Receipts during Current Period Description ----------- 6/6/2002 High Fliers 2,308.34 6/11/2002 B Sky B 13,924.40 6/12/2002 account transfer 45,000.00 6/17/2002 COBRA receipts 4,251.72 6/18/2002 account transfer 15,000.00 6/20/2002 Televisa 5,100.00 6/21/2002 B Sky B 1,077.44 6/24/2002 SPH Mediaworks 400.00 6/26/2002 account transfer 40,000.00 6/30/2002 Interest 444.22 TOTAL RECEIPTS THIS PERIOD 23,254.40 104,251.72 - - ---------------------------------------------------------------- E. Balance Available (C plus D) $ 469,612.44 $ 132,389.80 $ - $ - ----------------------------------------------------------------
- -------------------------------------------------------------------------------- DEBTOR IN POSSESSION INTERIM STATEMENT NO: 8 Page 2 of 3 - -------------------------------------------------------------------------------- F. Less: Disbursements during Current Period:
Date Check No. Payee/Purpose ---- --------- ------------- 6/4/2002 37314 Matthew Schuler 160.00 6/5/2002 37315 Business Specialty Printers 198.10 6/7/2002 ADP, Inc 223.01 6/7/2002 37317 United States Treasury 2402.57 6/12/2002 37318 United States Trustee 250.00 6/12/2002 37319 United States Trustee 5000.00 6/12/2002 37320 United States Trustee 250.00 6/12/2002 37321 United States Trustee 250.00 6/12/2002 37322 United States Trustee 250.00 6/12/2002 37323 United States Trustee 3750.00 6/12/2002 37324 United States Trustee 250.00 6/12/2002 37325 United States Trustee 1250.00 6/12/2002 37326 United States Trustee 250.00 6/12/2002 37327 United States Trustee 250.00 6/12/2002 37328 United States Trustee 250.00 6/12/2002 37329 United States Trustee 250.00 6/12/2002 37330 United States Trustee 250.00 6/12/2002 37331 United States Trustee 500.00 6/12/2002 37332 United States Trustee 250.00 6/12/2002 37333 United States Trustee 250.00 6/12/2002 37334 United States Trustee 250.00 6/12/2002 37335 Bonded Services, Inc 6233.75 6/12/2002 37336 Bowne of Los Angeles, Inc 305.00 6/12/2002 37337 Business Specialty Printers 46.55 6/12/2002 37338 Federal Express 12.29 6/12/2002 37339 File Keepers LLC 654.40 6/12/2002 37340 Suzanne Nardacci 1425.00 6/12/2002 37341 Pacific Bell 52.84 6/12/2002 37342 Postmaster 80.80 6/12/2002 37343 Qwest Communications 80.97 6/12/2002 37344 Recall 504.11 6/12/2002 37345 Zerolag Communications, Inc 100.00 6/12/2002 37346 Matthew Schuler 80.00 6/12/2002 wire Payroll Taxes 6182.92 6/12/2002 account transfer 45,000.00 6/13/2002 7880 Payroll 730.75 6/13/2002 7881 Payroll 7861.36 6/13/2002 7882 Payroll 1249.88 6/13/2002 7883 Payroll 2490.13 6/13/2002 7884 Payroll 292.64 6/13/2002 37347 John Lannan 1250.00 6/13/2002 wire Irwin Friedman 2084.00 6/13/2002 wire Stuart Hersch 2084.00 6/14/2002 37348 Donald Kushner 2084.00 6/14/2002 37349 Peter Locke 2084.00 6/14/2002 ADP, Inc 30.00 6/17/2002 wire Federal Express 550.00 6/18/2002 account transfer 15,000.00 6/20/2002 37350 DHL World Wide Express 22.15 6/20/2002 37351 Suzanne Nardacci 1537.50 6/20/2002 37352 STEVEN ROSEN 1175.00 6/20/2002 37353 ADP, Inc 67.20 6/20/2002 37354 KEVIN MARINO 46.53 6/21/2002 ADP, Inc 81.53 6/26/2002 37355 Blue Cross 9621.00 6/26/2002 37356 Bowne of Los Angeles, Inc 914.00 6/26/2002 37357 Fortis Benefits Insurance Co. 1093.44 6/26/2002 37358 Suzanne Nardacci 1400.00 6/26/2002 37359 Alice p. Neuhauser 88.83 6/26/2002 37360 Pacific Bell 291.44 6/26/2002 account transfer 40,000.00 6/26/2002 wire Payroll Taxes 6,303.22 6/27/2002 7885 Payroll 730.75 6/27/2002 7886 Payroll 7,942.73
6/27/2002 7887 Payroll 1,249.87 6/27/2002 7888 Payroll 2,490.15 6/27/2002 7889 Payroll 498.40 TOTAL DISBURSEMENTS THIS PERIOD: 100,000.00 90,836.81 - - ---------------------------------------------------------------- G. Ending Balance (E less F) $ 369,612.44 $ 41,552.99 $ - $ - ----------------------------------------------------------------
- -------------------------------------------------------------------------------- DEBTOR IN POSSESSION INTERIM STATEMENT NO: 8 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 1,257,123.20 Pounds Sterling Time Deposit (KL's interest is 70%) Bank of Scotland - Basil 3626816 195,324.40 Pounds Sterling Time Deposit (KL's interest is 80%) Allied Pinocchio 10747301 4,423.11 Pounds Sterling KLI-UK 10008956 2,416.06 Pound Sterling Freeway\Kushner-Locke 323-509487 $ 255.95 Edge Entertainment 1891152710 $ 444.92 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 9,259.95 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-99.3 5 v84992exv99w3.txt EXHIBIT 99.3 EXHIBIT 99.03 ----------------------------------- OFFICE OF THE UNITED STATES TRUSTEE ----------------------------------- - ----------------------------------------------------------- ---------------------------------------------------------------- In re: DEBTOR IN POSSESSION OPERATING REPORT The Kushner-Locke Company Report Number: 9 Page 1 of 2 ---------------- Chapter 11 For the Period FROM: 7/1/2002 ---------------- Case No. LA 01-44828-SB (Administratively Consolidated with TO: 7/31/2002 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 $ - ----------------- Costs Related to Revenues (Film Cost Amortization) ----------------- Gross Profit - ---------------- Less: Operating Expenses Officer Compensation 17,550 ---------------- Salaries and Wages - Other Employees 21,207 ---------------- Total Salaries and Wages 38,757 ----------------- Employee Benefits and Pensions 5,262 ----------------- Employer Payroll Taxes/Fees 1,493 ---------------- Other Taxes - ---------------- Total Taxes 1,493 ----------------- Rent and Lease Expense (including parking) 4,720 ---------------- Distribution/Delivery Expenses 12,208 ---------------- Interest Expense - ---------------- Insurance ---------------- Automobile Expense/Mileage ---------------- Utilities (incl. Phone, phone equipment, internet) 2,401 ---------------- Depreciation and Amortization - ---------------- Business Equipment Leases 292 ---------------- Business Expense reimbursement ---------------- Storage Expense 6,907 ---------------- Supplies, Office Expenses, Photocopies, etc. 341 ---------------- Bad Debts 10,054,249 ---------------- Miscellaneous Operating Expenses ---------------- Total Operating Expenses 10,126,631 ----------------- Net Gain/Loss from Business Operations (10,126,631) ---------------- 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 18,891 ----------------- Other Non-Operating Expenses (Board/Trustee fees) ----------------- Total Non-Operating Expenses 18,891 ---------------- NET INCOME/(LOSS) FOR PERIOD $(10,145,521) ================
- -------------------------------------------------------------------------------- DEBTOR IN POSSESSION OPERATING REPORT NO: 9 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 - 1,577,335 --------------------------------- TOTAL - 1,577,335 ---------------------------------
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 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
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: $ 611,086.16 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 P. NEUHAUSER ----------------------------------------- Debtor in Possession EX-99.4 6 v84992exv99w4.txt EXHIBIT 99.4 EXHIBIT 99.4 ----------------------------------- OFFICE OF THE UNITED STATES TRUSTEE ----------------------------------- - ---------------------------------------------------------- ---------------------------------------------------------------- In re: DEBTOR IN POSSESSION INTERIM STATEMENT The Kushner-Locke Company Page 1 of 3 Statement Number: 9 - ---------------------------------------------------------- ---------------- Chapter 11 For the Period FROM: 7/1/2002 ---------------- Case No. LA 01-44828-SB (Administratively Consolidated with TO: 7/31/2002 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) - ---------------------------------------------------------- ----------------------------------------------------------------
---------------------------------------------------------------- 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 1,845,191.74 1,673,795.64 ---------------------------------------------------------------- B. Less: Total Disbursements per all Prior Statements 1,743,912.51 1,698,198.86 ---------------------------------------------------------------- C. Beginning Balance $ 369,612.44 $ 41,552.99 ---------------------------------------------------------------- D. Receipts during Current Period Description ----------- 7/8/2002 B Sky B 13,734.41 7/11/2002 account transfer 35,000.00 7/24/2002 B Sky B 199.02 7/24/2002 Avid/Rebates 5,535.08 7/24/2002 COBRA receipts 3,605.70 7/25/2002 account transfer 25,000.00 7/29/2002 High Fliers 3,820.93 7/31/2002 interest 321.94 TOTAL RECEIPTS THIS PERIOD 18,076.30 69,140.78 - - ---------------------------------------------------------------- E. Balance Available (C plus D) $ 387,688.74 $ 110,693.77 $ - $ - ----------------------------------------------------------------
- -------------------------------------------------------------------------------- DEBTOR IN POSSESSION INTERIM STATEMENT NO: 9 Page 2 of 3 - -------------------------------------------------------------------------------- F. Less: Disbursements during Current Period:
Date Check No. Payee/Purpose ---- --------- ------------- 7/1/2002 37361 Hodes Parking $ 360.00 7/1/2002 37362 Property Management Associates, I 2,000.00 7/2/2002 37363 Federal Express 50.72 7/2/2002 37364 Suzanne Nardacci 1,487.50 7/5/2002 ADP, Inc 223.01 7/10/2002 wire Payroll Taxes 6,073.61 7/11/2002 7890 Payroll 730.75 7/11/2002 7891 Payroll 7,779.99 7/11/2002 7892 Payroll 1,249.88 7/11/2002 7893 Payroll 2,490.14 7/11/2002 7894 Payroll 132.60 7/11/2002 account transfer 35,000.00 7/12/2002 37365 AT&T 997.80 7/12/2002 37366 Bonded Services, Inc 6,232.40 7/12/2002 37367 Marathon Services, Inc 287.18 7/12/2002 37368 Suzanne Nardacci 1,450.00 7/12/2002 37369 Qwest Communications 46.22 7/12/2002 37370 Recall 674.59 7/12/2002 37371 STEVEN ROSEN 4,564.96 7/12/2002 37372 Verizon California 831.48 7/12/2002 37373 Zerolag Communications, Inc 100.00 7/12/2002 37374 KEVIN MARINO 90.91 7/12/2002 ADP, Inc 20.00 7/19/2002 ADP, Inc 119.40 7/24/2002 37375 Blue Cross 8,200.00 7/24/2002 37376 Cash 250.00 7/24/2002 37377 Federal Express 53.66 7/24/2002 37378 KEVIN MARINO 44.64 7/24/2002 37379 Marathon Services, Inc 5.30 7/24/2002 37380 Suzanne Nardacci 2,475.00 7/24/2002 37381 Pacific Bell 383.71 7/24/2002 wire Payroll Taxes 2,960.33 7/25/2002 account transfer 25,000.00 7/25/2002 7895 Payroll 730.75 7/25/2002 7896 Payroll 4,013.51 7/25/2002 7897 Payroll 1,249.87 7/25/2002 7998 Payroll 2,490.13 7/26/2002 ADP, Inc 9.00 7/30/2002 37382 Artisan Entertainment, Inc. 12,000.00 7/30/2002 37383 Fortis Benefits Insurance Co. 667.73 7/30/2002 37384 Hodes Parking 360.00 7/30/2002 37385 Alice P.Neuhauser 58.90 7/30/2002 37386 Property Management Associates, I 2,000.00 7/30/2002 37389 Qwest Communications 41.62 7/31/2002 37391 Donniger & Fetter 18,890.77 TOTAL DISBURSEMENTS THIS PERIOD: 60,000.00 94,878.06 - - ---------------------------------------------------------------- G. Ending Balance (E less F) $327,688.74 $15,815.71 $ - $ - ----------------------------------------------------------------
- -------------------------------------------------------------------------------- DEBTOR IN POSSESSION INTERIM STATEMENT NO: 9 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 1,261,127.05 Pounds Sterling Time Deposit (KL's interest is 70%) Bank of Scotland - Basil 3626816 195,324.40 Pounds Sterling Time Deposit (KL's interest is 80%) Allied Pinocchio 10747301 4,423.11 Pounds Sterling KLI-UK 10008956 2,406.06 Pound Sterling Freeway\Kushner-Locke 323-509487 $ 255.95 Edge Entertainment 1891152710 $ 444.92 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 $ 17,422.76 KL\7 Venture 1890-69-6360 9,267.82 Denial Venture 1890-69-6501 41,721.03 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-99.5 7 v84992exv99w5.txt EXHIBIT 99.5 EXHIBIT 99.5 ----------------------------------- OFFICE OF THE UNITED STATES TRUSTEE ----------------------------------- - ----------------------------------------------------------- ---------------------------------------------------------------- In re: DEBTOR IN POSSESSION OPERATING REPORT The Kushner-Locke Company Report Number: 10 Page 1 of 2 ---------------- Chapter 11 For the Period FROM: 8/1/2002 ---------------- Case No. LA 01-44828-SB (Administratively Consolidated with TO: 8/31/2002 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 $ - --------------- Costs Related to Revenues (Film Cost Amortization) --------------- Gross Profit - ---------------- Less: Operating Expenses Officer Compensation 18,375 --------------- Salaries and Wages - Other Employees 23,722 --------------- Total Salaries and Wages 42,097 --------------- Employee Benefits and Pensions 4,733 --------------- Employer Payroll Taxes/Fees 994 --------------- Other Taxes - --------------- Total Taxes 994 --------------- Rent and Lease Expense (including parking) --------------- Distribution/Delivery Expenses 100 --------------- Interest Expense - --------------- Insurance --------------- Automobile Expense/Mileage --------------- Utilities (incl. Phone, phone equipment, internet) 500 --------------- Depreciation and Amortization --------------- Business Equipment Leases 260 --------------- Business Expense reimbursement --------------- Storage Expense 7,128 --------------- Supplies, Office Expenses, Photocopies, etc. --------------- Bad Debts --------------- Miscellaneous Operating Expenses --------------- Total Operating Expenses 55,812 --------------- Net Gain/Loss from Business Operations (55,812) ---------------- 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 --------------- Other Non-Operating Expenses (Board/Trustee fees) --------------- Total Non-Operating Expenses - ---------------- NET INCOME/(LOSS) FOR PERIOD $(55,812) ================
- -------------------------------------------------------------------------------- DEBTOR IN POSSESSION OPERATING REPORT NO: 9 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 - 1,445,667 ------------------------------ TOTAL - 1,445,667 ------------------------------
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 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
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: $647,799.03 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 P. NEUHAUSER ----------------------------------------- Debtor in Possession EX-99.6 8 v84992exv99w6.txt EXHIBIT 99.6 EXHIBIT 99.6 ------------------------------------ OFFICE OF THE UNITED STATES TRUSTEE ------------------------------------ - ----------------------------------------------------------- ---------------------------------------------------------------------- In re: DEBTOR IN POSSESSION INTERIM STATEMENT The Kushner-Locke Company Page 1 of 3 Statement Number: 10 - ----------------------------------------------------------- --------------------- Chapter 11 For the Period FROM: 8/1/2002 --------------------- Case No. LA 01-44828-SB (Administratively Consolidated with TO: 8/31/2002 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) - ----------------------------------------------------------- ----------------------------------------------------------------------
--------------------------------------------------------------------- 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 1,863,268.04 1,742,936.42 --------------------------------------------------------------------- B. Less: Total Disbursements per all Prior Statements 1,803,912.51 1,793,076.92 --------------------------------------------------------------------- C. Beginning Balance $ 327,688.74 $ 15,815.71 --------------------------------------------------------------------- D. Receipts during Current Period Description ----------- 8/1/2002 account transfer 25,000.00 8/5/2002 B Sky B 94.46 8/7/2002 High Fliers 4,252.66 8/7/2002 account transfer 25,000.00 8/21/2002 Transfer f/ Coll. Acc. LG 26,471.34 8/21/2002 Transfer f/ Coll. Acc. Artisan 140,135.08 8/21/2002 Transfer from LG 20,597.14 8/23/2002 Transfer f/ Coll. Acc. LG 29,579.57 8/23/2002 account transfer 22,000.00 8/23/2002 Phone Rebates 17.98 8/23/2002 COBRA receipts 3,613.95 8/23/2002 Jefferson Pilot 76,871.00 8/28/2002 transfer Pinocchio 166,922.43 8/29/2002 B Sky B 83.03 8/31/2002 interest 366.27 TOTAL RECEIPTS THIS PERIOD 388,501.98 152,502.93 - - --------------------------------------------------------------------- E. Balance Available (C plus D) $ 716,190.72 168,318.64 $ - $ - ---------------------------------------------------------------------
- -------------------------------------------------------------------------------- DEBTOR IN POSSESSION INTERIM STATEMENT NO: 10 Page 2 of 3 - -------------------------------------------------------------------------------- F. Less: Disbursements during Current Period:
Date Check No. Payee/Purpose ---- --------- ------------- 8/1/2002 account transfer $ 25,000.00 8/2/2002 ADP, Inc 233.36 8/7/2002 37392 Bonded Services, Inc 6,249.70 8/7/2002 37393 Federal Express 38.95 8/7/2002 37394 Suzanne Nardacci 187.50 8/7/2002 37395 Pacific Bell 47.46 8/7/2002 37396 Recall 803.01 8/7/2002 wire SJ Berwin 1,696.47 8/7/2002 wire Payroll Taxes 4,236.32 8/7/2002 account transfer 25,000.00 8/8/2002 7899 Payroll 730.75 8/8/2002 7900 Payroll 5,704.92 8/8/2002 7901 Payroll 1,249.88 8/8/2002 7902 Payroll 2,490.14 8/14/2002 37345 Zerolag Communications, Inc void ck issued last month (100.00) 8/14/2002 37397 Zerolag Communications, Inc 50.00 8/14/2002 37398 American Moving & Storage Co, Inc 75.60 8/14/2002 37399 Marathon Services, Inc 259.80 8/14/2002 37400 STEVEN ROSEN 1,500.00 8/14/2002 37401 Zerolag Communications, Inc 100.00 8/16/2002 ADP, Inc 104.80 8/21/2002 wire Payroll Taxes 5,050.52 8/21/2002 37402 Federal Express 11.48 8/21/2002 37403 Pacific Bell 302.87 8/22/2002 7903 Payroll 730.75 8/22/2002 7904 Payroll 6,640.74 8/22/2002 7905 Payroll 1,249.87 8/22/2002 7906 Payroll 2,490.14 8/23/2002 account transfer 22,000.00 8/23/2002 ADP, Inc 18.23 8/23/2002 37405 Blue Cross 8,347.00 8/23/2002 37406 KEVIN MARINO 49.68 8/23/2002 37407 Suzanne Nardacci 900.00 8/30/2002 ADP, Inc 84.80 TOTAL DISBURSEMENTS THIS PERIOD: 72,000.00 51,534.74 - - ------------------------------------------------------ G. Ending Balance (E less F) $ 644,190.72 116,783.90 $ - $ - ------------------------------------------------------
- -------------------------------------------------------------------------------- DEBTOR IN POSSESSION INTERIM STATEMENT NO: 10 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 1,265,090.09 Pound Sterling Time Deposit (KL's interest is 70%) Bank of Scotland - Basil 3626816 75,107.23 Pound Sterling Time Deposit (KL's interest is 80%) Allied Pinocchio 10747301 2,648.11 Pound Sterling KLI-UK 10008956 2,396.06 Pound Sterling Freeway\Kushner-Locke 323-509487 $ 255.95 Edge Entertainment 1891152710 $ 444.92 European Films LTD 1890563818 $ 7,051.58 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 $ 17,724.61 KL\7 Venture 1890-69-6360 9,275.69 Denial Venture 1890-69-6501 41,838.26 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 -----END PRIVACY-ENHANCED MESSAGE-----