The Kushner-Locke Company Form 8-K dated 12/16/03

Table of Contents

Table of Contents

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934


California	0-17295	95-4079057

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

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

Exhibit 99.1. Monthly Operating Report of The Kushner-Locke Company (the “Registrant”) for the calendar month from September 1, 2003 to September 30, 2003.

Exhibit 99.2. Monthly Interim Statement of the Registrant for the calendar month from September 1, 2003 to September 30, 2003.

Exhibit 99.3. Monthly Operating Report of the Registrant for the calendar month from October 1, 2003 to October 31, 2003.

Exhibit 99.4. Monthly Interim Statement of the Registrant for the calendar month from October 1, 2003 to October 31, 2003.

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.

EX-99.1 3 v95227exv99w1.txt EXHIBIT 99.1 . . . OFFICE OF THE UNITED STATES TRUSTEE In re: DEBTOR IN POSSESSION OPERATING REPORT The Kushner-Locke Company Report Number: 23 Page 1 of 2 Chapter 11 For the Period FROM: 9/1/2003 Case No. LA 01-44828-SB (Administratively Consolidated with TO: 9/30/2003 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 29,175 ------ Salaries and Wages - Other Employees 11,308 ------ Total Salaries and Wages 40,483 ------------ Employee Benefits and Pensions 2,504 ------------ Employer Payroll Taxes/Fees 1,638 ------ Other Taxes ------ Total Taxes 1,638 ------------ Rent and Lease Expense (including parking) 2,360 ------ Distribution/Delivery Expenses 74 ------ Interest Expense ------ Insurance 60 ------ Automobile Expense/Mileage ------ Utilities (incl. Phone, phone equipment, internet) 184 ------ Depreciation and Amortization ------ Business Equipment Leases 260 ------ Business Expense reimbursement 383 ------ Storage Expense 6,844 ------ Supplies, Office Expenses, Photocopies, etc. 323 ------ Bad Debts ------ Miscellaneous Operating Expenses 774 ------ Total Operating Expenses 55,886 ------------ Net Gain/Loss from Business Operations (55,886) ---------- 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 194,757 ------------ Other Non-Operating Expenses (Board/Trustee fees) Total Non-Operating Expenses 194,757 ------------ ---------- NET INCOME/(LOSS) FOR PERIOD $ (250,643) ==========

DEBTOR IN POSSESSION OPERATING REPORT NO: 23 Page 2 of 2 2 Aging of Accounts Payable and Accounts Receivable (exclude prepetition accounts payable):
Accounts Accounts Payable Receivable Current Under 30 days 14,512 -- Overdue 31-60 days -- -- Overdue 61-90 days -- Overdue 91-120 days -- Overdue Over 121 days -- Due in the Future -- 2,295,558 ------ --------- TOTAL 14,512 2,295,558 ====== =========
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 1/14/2004 1/14/2004 Commercial Property (RENEWED) St. Paul 2,000,000 2/14/2004 2/14/2004 Errors & Omissions - Library (RENEWED) St. Paul 3,000,000 3/3/2004 3/3/2004 Employment Practices Liability (RENEWED-run off) Nat'l Union 5,000,000 10/30/2003 10/30/2003
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: $ 229,371.25~~

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 EX-99.2 4 v95227exv99w2.txt 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: 23 Chapter 11 For the Period FROM: 9/1/2003 Case No. LA 01-44828-SB (Administratively Consolidated with TO: 9/30/2003 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 4,433,521.62 3,343,466.40 -------------- --------- B. Less: Total Disbursements per all Prior Statements 3,355,912.51 3,369,160.14 -------------- --------- C. Beginning Balance $ 1,345,942.32 40,262.47 -------------- --------- D. Receipts during Current Period Description 9/3/2003 Wire Transfer $ 20,000.00 9/5/2003 BL Distribution Corp. $ 97,563.91 9/16/2003 Wire Transfer $ 26,000.00 9/30/2003 Wire Transfer $ 17,000.00 9/30/2003 interest $ 707.24 TOTAL RECEIPTS THIS PERIOD 98,271.15 63,000.00 -- -- E. Balance Available (C plus D) $ 1,444,213.47 103,262.47 $ -- $ --
DEBTOR IN POSSESSION INTERIM STATEMENT NO: 23 Page 2 of 3 F. Less: Disbursements during Current Period: Date Check No. Payee/Purpose - -------------------------------------------- 9/3/2003 ADP Taxes $ 6,210.26 9/3/2003 Wire Transfer $ 20,000.00 9/4/2003 8010 Payroll $ 980.58 9/4/2003 8011 Payroll $ 8,661.05 9/4/2003 8012 Payroll $ 1,332.84 9/4/2003 8013 Payroll $ 2,293.03 9/5/2003 ADP Fees $ 148.56 9/9/2003 37766 Bonded Services, Inc $ 6,292.75 9/9/2003 37767 Doniger & Fetter $ 765.49 9/9/2003 37768 Marathon Services, Inc $ 259.80 9/9/2003 37769 Qwest Communications $ 40.43 9/9/2003 37770 SBC $ 43.49 9/9/2003 37771 USI of Southern California $ 60.00 9/9/2003 37772 Zerolag Communications, Inc $ 100.00 9/12/2003 ADP Fees $ 90.49 9/16/2003 Wire Transfer $ 26,000.00 9/17/2003 ADP Taxes $ 7,518.89 9/17/2003 37773 Blue Shield of California $ 316.00 9/17/2003 37774 Cash $ 300.00 9/17/2003 37775 Federal Express $ 33.12 9/17/2003 37776 Health Net $ 2,187.92 9/17/2003 37777 Hodes Parking $ 360.00 9/17/2003 37778 Kevin Marino $ 143.81 9/17/2003 37779 Alice P.Neuhauser $ 239.64 9/17/2003 37780 Property Management Associates, I $ 2,000.00 9/17/2003 37781 Recall $ 551.69 9/17/2003 37782 Bowne of Los Angeles, Inc $ 474.00 9/17/2003 37783 Federal Express $ 40.88 9/18/2003 8017 Payroll $ 980.59 9/18/2003 8018 Payroll $ 10,167.63 9/18/2003 8019 Payroll $ 1,332.84 9/18/2003 8020 Payroll $ 2,293.05 9/19/2003 ADP Fees $ 20.00 9/26/2003 ADP Fees $ 90.49 9/29/2003 37784 BMI Computers Inc. $ 322.59 9/30/2003 Wire Transfer $ 17,000.00 9/30/2003 Morgan Lewis $ 193,991.04 TOTAL DISBURSEMENTS THIS PERIOD: 256,991.04 56,651.91 -- -- --------------- --------- --------- ---------- G. Ending Balance (E less F) $ 1,187,222.43 46,610.56 $ -- $ -- =============== ========= ========= ==========

DEBTOR IN POSSESSION INTERIM STATEMENT NO: 23 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 3506258 $ 1,012,031.17 Pound Sterling Time Deposit Bank of Scotland - Basil 3506581 $ 203,574.93 Pound Sterling Time Deposit (KL' s interest is 50%) Allied Pinocchio 10747301 920.11 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: BLT Venture 178-71491-7 $ 17,590.70 BLT Venture 16-524173-1101 $ 25.58 KL MDP Sensation 60-066-930 $ 17,724.61 KL\7 Venture 1890-69-6360 $ 9,340.08 Denial Venture 1890-69-6501 $ 42,214.54 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 Neuhauser ---------------------- Debtor in Possession EX-99.3 5 v95227exv99w3.txt EXHIBIT 99.3 . . . OFFICE OF THE UNITED STATES TRUSTEE In re: DEBTOR IN POSSESSION OPERATING REPORT The Kushner-Locke Company Report Number: 24 Page 1 of 2 Chapter 11 For the Period FROM: 10/1/2003 Case No. LA 01-44828-SB (Administratively Consolidated with TO: 10/31/2003 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 31,050 ------ Salaries and Wages - Other Employees 16,962 ------ Total Salaries and Wages 48,012 ------ Employee Benefits and Pensions 2,504 ------ Employer Payroll Taxes/Fees 2,291 ------ Other Taxes ------ Total Taxes 2,291 ------ Rent and Lease Expense (including parking) 2,360 ------ Distribution/Delivery Expenses 34 ------ Interest Expense ------ Insurance ------ Automobile Expense/Mileage ------ Utilities (incl. Phone, phone equipment, internet) 1,053 ------ Depreciation and Amortization ------ Business Equipment Leases 260 ------ Business Expense reimbursement 302 ------ Storage Expense 6,852 ------ Supplies, Office Expenses, Photocopies, etc. 300 ------ Bad Debts ------ Miscellaneous Operating Expenses ------ Total Operating Expenses 63,969 ------ Net Gain/Loss from Business Operations (63,969) ------------ 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 11,108 ------ Other Non-Operating Expenses (Board/Trustee fees) ------ Total Non-Operating Expenses 11,108 ------------ NET INCOME/(LOSS) FOR PERIOD $ (75,077) ============

DEBTOR IN POSSESSION OPERATING REPORT NO: 24 Page 2 of 2 2 Aging of Accounts Payable and Accounts Receivable (exclude prepetition accounts payable):
Accounts Accounts Payable Receivable Current Under 30 days 9,163 -- Overdue 31-60 days -- -- Overdue 61-90 days -- Overdue 91-120 days -- Overdue Over 121 days -- Due in the Future -- 2,198,057 ----- --------- TOTAL 9,163 2,198,057 ===== =========
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 1/14/2004 1/14/2004 Commercial Property (RENEWED) St. Paul 2,000,000 2/14/2004 2/14/2004 Errors & Omissions - Library (RENEWED) St. Paul 3,000,000 3/3/2004 3/3/2004 Employment Practices Liability (RENEWED-run off) Nat'l Union 5,000,000 10/30/2003 10/30/2003
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: $ 230,322.45~~

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 EX-99.4 6 v95227exv99w4.txt 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: 24 Chapter 11 For the Period FROM: 10/1/2003 Case No. LA 01-44828-SB (Administratively Consolidated with TO: 10/31/2003 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 4,531,792.77 3,406,466.40 ----------------- ------------ B. Less: Total Disbursements per all Prior Statements 3,612,903.55 3,425,812.05 ----------------- ------------ C. Beginning Balance $ 1,187,222.43 46,610.56 ----------------- ------------ D. Receipts during Current Period Description 10/15/2003 Wire Transfer $ 33,000.00 10/16/2003 Doniger & Fetter $ 459.95 10/16/2003 A & E $ 374.03 10/16/2003 A & E $ 219.51 10/17/2003 BL Distribution Corp $ 21,071.38 10/22/2003 High Fliers $ 472.50 10/27/2003 BL Distribution Corp $ 80,324.06 10/30/2003 Lion's Gate $ 35,284.29 10/31/2003 interest $ 623.34 TOTAL RECEIPTS THIS PERIOD 138,829.06 33,000.00 -- -- ----------------- --------- -------- ---- E. Balance Available (C plus D) $ 1,326,051.49 79,610.56 $ -- $ -- ================= ========= ======== ====
DEBTOR IN POSSESSION INTERIM STATEMENT NO: 24 Page 2 of 3 F. Less: Disbursements during Current Period: Date Check No. Payee/Purpose - ---------------------------------------------------- 10/1/2003 ADP Taxes $ 2,300.70 10/2/2003 8018 Payroll $ 980.57 10/2/2003 8019 Payroll $ 3,287.89 10/2/2003 8020 Payroll $ 1,332.84 10/2/2003 8021 Payroll $ 2,293.09 10/3/2003 ADP Fees $ 148.56 10/3/2003 37785 Bonded Services, Inc $ 6,263.65 10/3/2003 37786 E-Z Office Machines $ 300.00 10/3/2003 37787 Marathon Services, Inc $ 259.80 10/3/2003 37788 Qwest Communications $ 39.62 10/3/2003 37789 SBC $ 43.06 10/3/2003 37790 SBC $ 282.30 10/10/2003 ADP Fees $ 90.49 10/15/2003 ADP Taxes $ 5,574.42 10/15/2003 Wire Transfer $ 33,000.00 10/16/2003 8022 Payroll $ 980.59 10/16/2003 8023 Payroll $ 7,901.68 10/16/2003 8024 Payroll $ 1,332.85 10/16/2003 8025 Payroll $ 2,318.65 10/17/2003 ADP Fees $ 55.60 10/20/2003 37791 Clumeck,Stern,Phillips&Schenkelbu $ 10,287.00 10/20/2003 37792 Doniger & Fetter $ 821.49 10/20/2003 37793 Federal Express $ 33.99 10/20/2003 37794 Irubin Consulting $ 300.00 10/20/2003 37795 Recall $ 588.61 10/20/2003 37796 SBC $ 288.47 10/24/2003 ADP Fees $ 100.49 10/24/2003 37797 Blue Shield of California $ 316.00 10/24/2003 37798 Health Net $ 2,187.92 10/24/2003 37799 Alice P.Neuhauser $ 302.32 10/24/2003 37800 Zerolag Communications, Inc $ 100.00 10/29/2003 ADP Taxes $ 7,103.92 10/30/2003 8026 Payroll $ 980.58 10/30/2003 8027 Payroll $ 9,720.06 10/30/2003 8028 Payroll $ 1,332.83 10/30/2003 8029 Payroll $ 2,318.65 10/30/2003 37801 Hodes Parking $ 360.00 10/30/2003 37802 Property Management Associates, I $ 2,000.00 10/31/2003 ADP Fees $ 148.56 TOTAL DISBURSEMENTS THIS PERIOD: 33,000.00 75,077.25 -- -- -------------- -------- -------- -------- G. Ending Balance (E less F) $ 1,293,051.49 4,533.31 $ -- $ -- ============== ======== ======== ========

DEBTOR IN POSSESSION INTERIM STATEMENT NO: 24 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 3506258 $ 1,014,845.44 Pound Sterling Time Deposit Bank of Scotland - Basil 3506581 $ 204,039.94 Pound Sterling Time Deposit (KL' s interest is 50%) Allied Pinocchio 10747301 920.11 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: BLT Venture 178-71491-7 $ 17,590.70 BLT Venture 16-524173-1101 $ 25.58 KL MDP Sensation 60-066-930 $ 17,724.61 KL\7 Venture 1890-69-6360 $ 9,342.86 Denial Venture 1890-69-6501 $ 42,232.47 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 Neuhauser -------------------- Debtor in Possession ~~-----END PRIVACY-ENHANCED MESSAGE-----~~

Dated: December 16, 2003

THE KUSHNER-LOCKE COMPANY

/s/ Alice P. Neuhauser

Alice P. Neuhauser
Responsible Officer


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