-----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, TsnhyOgKNF/033OnluQFS6Lzoe7gIChowKTYho1DVvjZnfZ+m1MaWDZQSHJI5B+4 aN4+AZvqUE/9KIhSj84aEg== 0001019687-01-000027.txt : 20010123 0001019687-01-000027.hdr.sgml : 20010123 ACCESSION NUMBER: 0001019687-01-000027 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 6 CONFORMED PERIOD OF REPORT: 20000801 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010111 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PREMIER LASER SYSTEMS INC CENTRAL INDEX KEY: 0000878543 STANDARD INDUSTRIAL CLASSIFICATION: ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845] IRS NUMBER: 330476284 STATE OF INCORPORATION: CA FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-14013 FILM NUMBER: 1506951 BUSINESS ADDRESS: STREET 1: 3 MORGAN CITY: IRVINE STATE: CA ZIP: 92718 BUSINESS PHONE: 9498590656 MAIL ADDRESS: STREET 1: 3 MORGAN CITY: IRVINE STATE: CA ZIP: 92718 8-K 1 0001.txt PREMIER LASER SYSTEMS, INC. ================================================================================ 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 (Date of earliest event reported): August 1, 2000 ----------------- PREMIER LASER SYSTEMS, INC. (Exact name of registrant as specified in its charter) California 0-25242 33-0476284 (State or other jurisdiction of (Commission File Number) (I.R.S. Employer incorporation) Identification No.) 3 Morgan, Irvine, CA 92718 (Address of principal executive offices) (Zip Code) -------------------- Registrant's telephone number, including area code: (949) 859-0656 N/A (Former name or former address, if changed since last report) ----------------- ITEM 5. OTHER EVENTS (a) Robert Mosier of Mosier and Company was appointed Chairman of the Board, Chief Executive Officer and Chief Financial Officer of Premier Laser Systems, Inc. (the "Company") effective as of December 7, 2000. The Company withdrew its application with the U.S. Bankruptcy Court to appoint Robert Mosier as estate representative for the Company. (b) The Company announced on January 9, 2000 that it has suspended negotiations with Pro-Laser Ltd. for the purchase of its EyeSys corneal topography business unit and the planned merger between the companies. A copy of the press release with respect to the foregoing is attached hereto as Exhibit 99.1 and is incorporated herein by reference. (c) Attached hereto as Exhibits 99.2 through 99.5 and incorporated herein by reference are the debtor in possession interim financial statements filed by Premier Laser Sysems, Inc. with the Office of the United States Trustee for each of the five months ending August 31, 2000 through November 30, 2000. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (c) Exhibits. The following exhibits are filed as a part of this report: Exhibit No. Description - ----------- ----------- 99.1 Premier Laser Systems Press Release dated January 9, 2001. 99.2 Debtor in Possession Interim Statement For Period Ending August 31, 2000 with attachments 2, 3, and 5. 99.3 Debtor in Possession Interim Statement For Period Ending September 30, 2000 with attachments 2, 3, and 5. 99.4 Debtor in Possession Interim Statement For Period Ending October 31, 2000 with attachments 2, 3, and 5. 99.5 Debtor in Possession Interim Statement For Period Ending November 30, 2000 with attachments 2, 3, and 5. 2 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PREMIER LASER SYSTEMS, INC. By: /S/ Robert Mosier ---------------------------------- Robert Mosier Date: January 10, 2001 Chairman of the Board, CEO and CFO 3 INDEX OF EXHIBITS Exhibit No. Description - ----------- ----------- 99.1 Premier Laser Systems Press Release dated January 9, 2001. 99.2 Debtor in Possession Interim Statement For Period Ending August 31, 2000 with attachments 2, 3, and 5. 99.3 Debtor in Possession Interim Statement For Period Ending September 30, 2000 with attachments 2, 3, and 5. 99.4 Debtor in Possession Interim Statement For Period Ending October 31, 2000 with attachments 2, 3, and 5. 99.5 Debtor in Possession Interim Statement For Period Ending November 30, 2000 with attachments 2, 3, and 5. 4 EX-99.1 2 0002.txt PRESS RELEASE DATED JANUARY 9, 2000 Exhibit 99.1 January 9, 2001 FOR IMMEDIATE RELEASE --------------------- FOR MORE INFORMATION, CONTACT: MR. ROBERT MOSIER, CEO PREMIER LASER SYSTEMS (714) 432-0800, EXT. 222, OR MR. RANDY MCDONALD THE MAGNUM GROUP, INC. (415) 435-5550 PREMIER SUSPENDS NEGOTIATIONS WITH PRO-LASER Irvine, CA, January 9, 2001, Premier Laser Systems, Inc. announced today that it has suspended negotiations with Pro-Laser Ltd. for the purchase of its EYESYS corneal topography business unit and the planned merger between the companies. Premier's chief executive officer Robert Mosier stated "The parties could not reach agreement on the proposed terms of these transactions." Mr. Mosier also noted "Premier, through its financial advisor, The Magnum Group, Inc., has been in contact with a number of companies that are interested in the EYESYS asset, as well as additional companies that would like to pursue merger discussions." Premier intends to place the EYESYS asset into a sealed bid auction process with a minimum opening bid being at least $1 million. Premier filed for Chapter 11 protection in March of 2000. Since then it has been disposing of certain assets and seeking a merger partner. Premier and Pro-Laser entered into a letter of intent last September for Pro-Laser to acquire the EyeSys business unit from Premier. EYESYS manufactures and sells both office based and hand-held corneal topography systems. EYESYS is a well-known ophthalmic brand name with approximately 4,000 users worldwide. ProLaser had also signed a letter of intent to merge with Premier in October 2000. PREMIER INTENDS TO CONTINUE ITS EFFORTS TO SELL EYESYS AND ITS REMAINING ASSETS AS WELL AS SEEK A MERGER PARTNER. 5 EX-99.2 3 0003.txt INTERIM STATEMENT - PERIOD ENDING AUGUST 31, 2000 Office of the United States Trustee - ----------------------------------------------------- ------------------------------------------------------------ In re: PREMIER LASER SYSTEMS, INC. DEBTOR IN POSSESSION INTERIM STATEMENT 3 Morgan -------------------------------------- Irvine, CA 92618 Statement Number: 6 ---------- Debtor. For the period FROM: 08/01/00 - ---------------------------------------------- --------------- Chapter 11 Case No.: SA00-12645RA TO: 08/31/00 ------------------------- --------------- - ----------------------------------------------------- ------------------------------------------------------------
------------------ --------------- ----------------- General Payroll Tax CASH ACTIVITY ANALYSIS (CASH BASIS ONLY) Account Account Account ------------------ --------------- ----------------- A. Total Receipts per all Prior Interim Statements $ 1,892,320.43 $ 204,327.00 $ 200.00 ------------------ --------------- ----------------- B. Less: Total Disbursements per all Prior Statements 962,441.09 194,039.75 -0- ------------------ --------------- ----------------- C. Beginning Balance (A less B) 929,879.34 10,287.25 200.00 ------------------ --------------- ----------------- D. Receipts during Current Period (ATTACH SEPARATE LISTING IF NECESSARY) Description ----------- SEE ATTACHMENT #1 TOTAL RECEIPTS THIS PERIOD: 1,770,258.66 71,000.00 -0- ------------------ --------------- ----------------- E. Balance Available (C plus D) 7,700,138.00 81,287.25 200.00 ------------------ --------------- ----------------- F. Less: Disbursements during Current Period (ATTACH SEPARATE LISTING IF NECESSARY) Date Check No. Payee/Purpose ---- --------- ------------- SEE ATTACHMENT #1 TOTAL DISBURSEMENTS THIS PERIOD: 356,593.03 69,683.18 -0- ------------------ --------------- ----------------- G. Ending Balance (E less F) $ 2,343,544.97 $ 11,604.07 $ 200.00 ------------------ --------------- ----------------- H. (1) General Account (a) Depository Name and Location: California Bank & Trust, 3250 Wilshire Blvd., Los Angeles, CA 90010 -------------------------------------------------------------------- (b) Account Number: 3700011381 --------------------------------------------- (2) Payroll Account: (a) Depository Name and Location: California Bank & Trust, 3250 Wilshire Blvd., Los Angeles, CA 90010 -------------------------------------------------------------------- (b) Account Number: 3700011111 --------------------------------------------- (3) Tax Account: (a) Depository Name and Location: California Bank & Trust, 3250 Wilshire Blvd., Los Angeles, CA 90010 -------------------------------------------------------------------- (b) Account Number: 3700011031 --------------------------------------------- I. Other monies on hand (SPECIFY TYPE AND LOCATION) (i.e. Certificates of Deposit, Petty Cash): Petty Cash $1,500 - ------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------
I, (Name/Title: Judy McCall / Vice President ), declare under penalty of perjury that the information contained in the above Debtor in Possession Interim Statement is true and complete to the best of my knowledge. Dated: 09/18/00 ------------------- _______________________________ Debtor in Possession or Trustee 6 Office of the United States Trustee - ----------------------------------------------------- ------------------------------------------------------------ In re: PREMIER LASER SYSTEMS, INC. DEBTOR IN POSSESSION INTERIM STATEMENT 3 Morgan -------------------------------------- Irvine, CA 92618 Report No. : 6 Page 1 of 3 ------------------ Debtor. For the period FROM: 08/01/00 - ---------------------------------------------- --------------- Chapter 11 Case No.: SA00-12645RA TO: 08/31/00 ------------------------ --------------- - ----------------------------------------------------- ------------------------------------------------------------
1. Profit and Loss Statement (ACCRUAL BASIS ONLY) [SEE ATTACHMENT #2] A. Related to Business Operations: Gross Sales $ -------------- Less: Sales Returns and Discounts -------------- Net Sales --------------- Less: Cost of Goods Sold: Beginning Inventory at Cost -------------- Add: Purchases -------------- Less: Ending Inventory at Cost -------------- Cost of Goods Sold --------------- Gross Profit --------------- Other Operating Revenues (Specify) --------------- Less: Operating Expenses: Officer Compensation -------------- Salaries and Wages - Other Employees -------------- Total Salaries and Wages --------------- Employee Benefits and Pensions --------------- Payroll Taxes -------------- Real Estate Taxes -------------- Federal and State Income Taxes -------------- Total Sales --------------- Rent and Lease Exp. (Real Property and Personal Property) -------------- Interest Expense (Mortgage, Loan, etc.) -------------- Insurance -------------- Automobile Expense -------------- Utilities (Gas, Electricity, Water, Telephone, etc.) -------------- Depreciation and Amortization -------------- Repairs and Maintenance -------------- Advertising -------------- Supplies, Office Expenses, Photocopies, etc. -------------- Bad Debts -------------- Miscellaneous Operating Expenses (Specify) -------------- Total Operating Expenses --------------- Net Gain/Loss from Business Operations --------------- B. Not Related to Business Operations Income: Interest Income --------------- Other Non-Operating Revenues (Specify) --------------- 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 Operation: Legal and Professional Fees (Specify) -------------- Other Non-Operating Expenses (Specify) -------------- Total Non-Operating Expenses --------------- NET INCOME / LOSS FOR PERIOD $ ---------------
7 DEBTOR IN POSSESSION OPERATING REPORT NO.: _____ PAGE 3 OF 3
2. Aging of Accounts Payable and Accounts Receivable (exclude pre-petition accounts payable): (SEE ATTACHMENTS #3, #4) ---------------------------- ---------------------------- Accounts Payable Accounts Receivable ---------------------------- ---------------------------- Current Under 30 Days $ 118,815.16 $ 4,031 ---------------------------- ---------------------------- Overdue 31-60 Days 81,500.00 -0- ---------------------------- ---------------------------- Overdue 61-90 Days 109,452.82 (545) ---------------------------- ---------------------------- Overdue 91-120 Days 120,778.30 ---------------------------- ---------------------------- Overdue Over 121 Days 161,448.22 5,311,872 ---------------------------- ---------------------------- TOTAL $ 591,994.50 $ 5,315,358 ---------------------------- ---------------------------- 3. Statement of Status of Payments to Secured Creditors and Lessors: (SEE ATTACHMENT # 5) - ---------------------------------- ------------------- --------------- --------------- ------------------------------- Frequency Post-Petition Payments of Payments per Amount Next Not Made* Contract / Lease of Each Payment Creditor/Lessor (i.e., mo., qtr.) Payment Due Number Amount - ---------------------------------- ------------------- --------------- --------------- ------------------------------- $ $ - ---------------------------------- ------------------- --------------- --------------- --------------- --------------- - ---------------------------------- ------------------- --------------- --------------- --------------- --------------- - ---------------------------------- ------------------- --------------- --------------- --------------- --------------- *Explanation for Non-Payment: -------------------------------------------------------------------------------------- 4. Tax Liability: Gross Payroll Expense for Period: $ 77,566.23 ------------------------- Gross Sales for Period Subject to Sales Tax $ 28,015.95 ------------------------- ------------------------ ------------------------ ----------------------- Post-Petition Taxes Still Date Paid* Amount Paid* Owing ------------------------ ------------------------ ----------------------- Federal Payroll and Withholding Taxes 8/21/00, 9/7/00 $ 9,793.59 $ 11,265.88 ------------------------ ------------------------ ----------------------- State Payroll and Withholding Taxes 8/21/00, 9/7/00 2,134.49 2,465.26 ------------------------ ------------------------ ----------------------- State Sales and Use Taxes NOT PAID -0- 6,166.34 ------------------------------------------------- ----------------------- Real Property Taxes INCLUDED IN RENT ------------------------------------------------- ----------------------- *Attach photocopies of depository receipts from taxing authorities or financial institutions to verity that such deposits or payments have been made (SEE ATTACHMENT #6) 5. Insurance Coverage: ---------------------- --------------------- ------------------ ------------------ Carrier / Amount of Coverage Policy Premium Paid Agent Name Expiration Date Through Date ---------------------- --------------------- ------------------ ------------------ Worker's Compensation HIH/Glen Carlson $1M, $1M, $1M 9/1/00 8/1/00 ---------------------- --------------------- ------------------ ------------------ Liability Fed. Ins. Co. $4 M ea., $4M agg. 10/1/00 10/1/00 ---------------------------------------------------------------------------------- Fire and Extended Coverage Included in Property And General Liability Insurance ---------------------------------------------------------------------------------- Property & General Liability Fed. Ins. Co. 10/1/00 10/1/00 ---------------------- --------------------- ------------------ ------------------ Theft Fed. Ins. Co. $75K & $75K 10/1/00 10/1/00 ---------------------- --------------------- ------------------ ------------------ Life (Beneficiary: Employees) UNUM 1 x annual pay 11/1/00 8/1/00 ---------------------- --------------------- ------------------ ------------------ Vehicle (Hired) Fed. Ins. Co. $1M 9/1/00 9/1/00 ---------------------- --------------------- ------------------ ------------------ Other (Specify): Fed. Ins. Co. $ 1M 10/1/00 10/1/00 ---------------------- --------------------- ------------------ ------------------ Marine Open Cargo Centennial $500K & $500K 10/1/00 10/1/00 ---------------------- --------------------- ------------------ ------------------ Patent Infringement Defense AM Int'l. Specialty $2M ea., $2M agg 8/18/00 8/18/00 ---------------------- --------------------- ------------------ ------------------ D&O Rock River & Lloyd's London/Carlson $10M 12/10/00 12/10/00 ---------------------- --------------------- ------------------ ------------------
8 DEBTOR IN POSSESSION OPERATING REPORT NO.: _____ PAGE 3 OF 3 6. Questions: A. Has the Debtor in Possession provided compensation to any officers, directors, shareholder, 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 filing the petition, made any payments on its pre-petition unsecured debt, except as have been authorized by the Court? |_| : Yes Explain: ------------------------------------------------ |X| : No 7. Statement of Unpaid Professional Fees (Post-Petition Amounts ONLY)
-------------------------------------- ------------------------------------- ------------------------------------ State Type of Professional Total Post-Petition Name of Professional (Attorney / Accountant / etc.) Amount Paid -------------------------------------- ------------------------------------- ------------------------------------ Knobbe, Martins, Olson & Bear Attorney $ 45,568.34 -------------------------------------- ------------------------------------- ------------------------------------ O'Melveny & Myers Attorney 431,611.00 -------------------------------------- ------------------------------------- ------------------------------------ Winthrop, Couchot Attorney 87,000.00 -------------------------------------- ------------------------------------- ------------------------------------ -------------------------------------- ------------------------------------- ------------------------------------
8. Narrative Report of Significant Events and Events out of the Ordinary Course of Business (ATTACH SEPARATE SHEET IF NECESSARY) None ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- 9. Quarterly Fees: (This Fee must be paid to the United States Trustee every calendar quarter)
---------------- ----------------- --------------- -------------- ---------------- --------------- -------------- Quarterly Total Quarterly Disbursements Date Amount Fee Still Period Ending for Quarter Quarterly Fee Paid Paid Check No. Owing ---------------- ----------------- --------------- -------------- ---------------- --------------- -------------- 3/31/00 $ 69,828.68 $ 500.00 4/27/00 $ 500.00 10035, 10038 $ -0- ---------------- ----------------- --------------- -------------- ---------------- --------------- -------------- 6/30/00 790,304.81 3,750.00 7/19/00 3,750.00 10352 -0- ---------------- ----------------- --------------- -------------- ---------------- --------------- -------------- ---------------- ----------------- --------------- -------------- ---------------- --------------- -------------- ---------------- ----------------- --------------- -------------- ---------------- --------------- -------------- ---------------- ----------------- --------------- -------------- ---------------- --------------- -------------- ---------------- ----------------- --------------- -------------- ---------------- --------------- -------------- ---------------- ----------------- --------------- -------------- ---------------- --------------- -------------- ---------------- ----------------- --------------- -------------- ---------------- --------------- -------------- ---------------- ----------------- --------------- -------------- ---------------- --------------- --------------
I, (Name/Title: Judy McCall / Vice President ), declare under penalty of perjury that the information contained in the above Debtor in Possession Operating Report is true and complete to the best of my knowledge. Dated: 09/18/00 ---------------------------- _______________________________ Debtor in Possession of Trustee 9 ATTACHMENT #2 1. Profit and Loss Statement (Accrual Basis Only) A. Related to Business Operations Gross Sales 68,047.14 Less: Sales Returns and Discounts - ---------------- Net Sales 68,047.14 Less: Cost of Goods Sold: Beginning Inventory at Cost Add: Purchases Less: Ending Inventory at Cost Cost of Goods Sold 142,372.15 ---------------- Gross Profit (74,325.01) Other Operating Revenues - Less: Operating Expenses: Officer Compensation 57,412.00 Salaries and Wages-Other Employees (2,540.55) ---------------- Total Salaries and Wages 54,871.45 Outside Services 167,787.32 Board of Directors Fees Employee Benefits and Pensions 8,534.09 Payroll Taxes 25,659.22 Real Estate Taxes Federal and State IncomeTaxes ---------------- Total Taxes 25,659.22 Rent and Lease Expense 22,179.78 Interest Expense Insurance Automobile Expense Utilities 537.43 Depreciation 130,143.51 Repairs and Maintenance 125.00 Hiring expense Vacation expense Advertising Supplies, Office Expense, Photocopies, etc 9.06 Bad Debts Miscellaneous Operating Expenses: Legal 22,900.00 Travel 15.90 Entertainment 120.24 Securities expense 1,250.00 ADP fees 382.16 Other ---------------- Total Miscellaneous Operating Expenses 24,668.30 ---------------- Total Operating Expenses 434,515.16 ---------------- Net Gain/Loss from Business Operations (508,840.17) ================ 10 B. Not Related to Business Operations Income: Interest Income Other Non-Operating Revenues Gross Proceeds on Sale of Assets (1) 1,696,650.00 Less: Original Cost of Assets plus Expense of Sale ---------------- Net Gain/Loss on Sale of Assets 1,696,650.00 ---------------- Total Non-Operating Income 1,696,650.00 ---------------- Expenses Not Related to Business Operations: Legal and Professional Fees 74,000.00 Other Non-Operating Expenses ---------------- Total Non-Operating Expenses 74,000.00 ---------------- NET INCOME/LOSS FOR PERIOD 1,113,809.83 ================ (1)Proceeds from sale of asset to Medivision. Proper accounting to be provided 11 ATTACHMENT #3 Vendors Amount - -------------------------------------------------------------------------------- Knobbe Marten Olson & Bear 45,568.34 O'Melveny & Myers 431,611.00 Winthrop & Couchot 87,000.00 Tax Agencies Colette Cozean Compnet Efrain Gonzalez Magnum Group Fukami Patent Office Sim & McBurney Bardehle, Pagneberg & Dost Smart & Biggar Fukami Patent Office - -------------------------------------------------------------------------------- Total 564,179.34 12 ATTACHMENT # 5 3. STATEMENT OF STATUS OF PAYMENTS TO SECURED CREDITORS AND LESSORS:
- ------------------------------------------------------------------------------------------------------------ Frequency Post Petition of Payments Amount Next Payments Not Made Creditor/ per Contract/ of Each Payment -------------------------- Lessor Lease Payment Due Number Amount (1) - ------------------------------------------------------------------------------------------------------------ 1 The Irvine Company Monthly 38,241.00 01-Sep 2 Konica Monthly 217.58 11-Sep 3 Konica Monthly 328.31 11-Sep 4 Konica Monthly 388.42 27-Sep 5 Pitney Bowes Credit Corporation Quarterly 1,395.00 6 2,325.00 6 Steelcase Financial Services Monthly 381.94 15-Sep 7 Dell Monthly 965.83 6 4,517.59 8 Green Tree Monthly 778.23 6 3,640.11 9 IC Capital Monthly 483.78 6 2,262.84 10 Intelenet Monthly 474.00 15-Sep - ----------------------------------------------------------------------------------------------------------
* Explanation for Non-Payment: Premier Laser Systems negotiating with vendor ---------------------------------------------- 13 EX-99.3 4 0004.txt INTERIM STATEMENT - PERIOD ENDING SEPT. 30, 2000 Office of the United States Trustee - ----------------------------------------------------- ------------------------------------------------------------ In re: PREMIER LASER SYSTEMS, INC. DEBTOR IN POSSESSION INTERIM STATEMENT 3 Morgan -------------------------------------- Irvine, CA 92618 Statement Number: 7 ---------- Debtor. For the period FROM: 9/1/00 - ---------------------------------------------- ------------- Chapter 11 Case No.: SA00-12645RA TO: 9/30/00 ------------------------- -------------- - ----------------------------------------------------- ------------------------------------------------------------
------------------ --------------- ----------------- General Payroll Tax CASH ACTIVITY ANALYSIS (CASH BASIS ONLY) Account Account Account ------------------ --------------- ----------------- A. Total Receipts per all Prior Interim Statements $3,662,579.09 $275,327.00 $200.00 ------------------ --------------- ----------------- B. Less: Total Disbursements per all Prior Statements 1,319,034.12 263,722.93 -0- ------------------ --------------- ----------------- C. Beginning Balance (A less B) 2,343,544..97 11,604.07 200.00 ------------------ --------------- ----------------- D. Receipts during Current Period (ATTACH SEPARATE LISTING IF NECESSARY) Description ----------- SEE ATTACHMENT #1 TOTAL RECEIPTS THIS PERIOD: 163,117.53 67,000.00 -0- ------------------ --------------- ----------------- E. Balance Available (C plus D) 2,506,662.50 78,604.07 200.00 ------------------ --------------- ----------------- F. Less: Disbursements during Current Period (ATTACH SEPARATE LISTING IF NECESSARY) Date Check No. Payee/Purpose ---- --------- ------------- SEE ATTACHMENT #1 TOTAL DISBURSEMENTS THIS PERIOD: 224,285.39 63,972.82 -0- ------------------ --------------- ----------------- G. Ending Balance (E less F) $2,282,377.11 $14,631.25 $200.00 ------------------ --------------- ----------------- H. (1) General Account (a) Depository Name and Location: California Bank & Trust, 3250 Wilshire Blvd., Los Angeles, CA 90010 -------------------------------------------------------------------- (b) Account Number: 3700011381 --------------------------------------------- (2) Payroll Account: (a) Depository Name and Location: California Bank & Trust, 3250 Wilshire Blvd., Los Angeles, CA 90010 -------------------------------------------------------------------- (b) Account Number: 3700011111 --------------------------------------------- (3) Tax Account: (a) Depository Name and Location: California Bank & Trust, 3250 Wilshire Blvd., Los Angeles, CA 90010 -------------------------------------------------------------------- (b) Account Number: 3700011031 --------------------------------------------- I. Other monies on hand (SPECIFY TYPE AND LOCATION) (i.e. Certificates of Deposit, Petty Cash): Petty Cash $1,500 - ------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------
I, (Name/Title: Judy McCall/Vice President), declare under penalty of perjury that the information contained in the above Debtor in Possession Interim Statement is true and complete to the best of my knowledge. Dated: 10-16-00 ------------------- ________________________________ Debtor in Possession or Trustee 14 Office of the United States Trustee - ----------------------------------------------------- ------------------------------------------------------------ In re: PREMIER LASER SYSTEMS, INC. DEBTOR IN POSSESSION INTERIM STATEMENT 3 Morgan -------------------------------------- Irvine, CA 92618 Report No. : 7 Page 1 of 3 ------------------ Debtor. For the period FROM: 9-1-00 - ---------------------------------------------- ------------- Chapter 11 Case No.: SA00-12645RA TO: 9-30-00 ------------------------ -------------- - ----------------------------------------------------- ------------------------------------------------------------
1. Profit and Loss Statement (ACCRUAL BASIS ONLY) [SEE ATTACHMENT TWO] A. Related to Business Operations: Gross Sales $ -------------- Less: Sales Returns and Discounts -------------- Net Sales --------------- Less: Cost of Goods Sold: Beginning Inventory at Cost -------------- Add: Purchases -------------- Less: Ending Inventory at Cost -------------- Cost of Goods Sold --------------- Gross Profit --------------- Other Operating Revenues (Specify) --------------- Less: Operating Expenses: Officer Compensation -------------- Salaries and Wages - Other Employees -------------- Total Salaries and Wages --------------- Employee Benefits and Pensions --------------- Payroll Taxes -------------- Real Estate Taxes -------------- Federal and State Income Taxes -------------- Total Sales --------------- Rent and Lease Exp. (Real Property and Personal Property) -------------- Interest Expense (Mortgage, Loan, etc.) -------------- Insurance -------------- Automobile Expense -------------- Utilities (Gas, Electricity, Water, Telephone, etc.) -------------- Depreciation and Amortization -------------- Repairs and Maintenance -------------- Advertising -------------- Supplies, Office Expenses, Photocopies, etc. -------------- Bad Debts -------------- Miscellaneous Operating Expenses (Specify) -------------- Total Operating Expenses --------------- Net Gain/Loss from Business Operations --------------- B. Not Related to Business Operations Income: Interest Income --------------- Other Non-Operating Revenues (Specify) --------------- 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 Operation: Legal and Professional Fees (Specify) -------------- Other Non-Operating Expenses (Specify) -------------- Total Non-Operating Expenses --------------- NET INCOME / LOSS FOR PERIOD $ ---------------
15 DEBTOR IN POSSESSION OPERATING REPORT NO.: 7 PAGE 3 OF 3 -----
2. Aging of Accounts Payable and Accounts Receivable (exclude pre-petition accounts payable): (SEE ATTACHMENT #3, #4) ---------------------------- ---------------------------- Accounts Payable Accounts Receivable ---------------------------- ---------------------------- Current Under 30 Days $97,585.25 $1,311 ---------------------------- ---------------------------- Overdue 31-60 Days 118,815.16 775 ---------------------------- ---------------------------- Overdue 61-90 Days 81,500.00 0 ---------------------------- ---------------------------- Overdue 91-120 Days 109,452.82 0 ---------------------------- ---------------------------- Overdue Over 121 Days 282,226.52 5,311,327 ---------------------------- ---------------------------- TOTAL $689,579.75 $5,311,327 ---------------------------- ---------------------------- 3. Statement of Status of Payments to Secured Creditors and Lessors: (SEE ATTACHMENT # 5) - ---------------------------------- ------------------- --------------- --------------- ------------------------------- Frequency Post-Petition Payments of Payments per Amount Next Not Made* Contract / Lease of Each Payment Creditor/Lessor (i.e., mo., qtr.) Payment Due Number Amount - ---------------------------------- ------------------- --------------- --------------- --------------- --------------- $ $ - ---------------------------------- ------------------- --------------- --------------- --------------- --------------- - ---------------------------------- ------------------- --------------- --------------- --------------- --------------- - ---------------------------------- ------------------- --------------- --------------- --------------- --------------- *Explanation for Non-Payment: -------------------------------------------------------------------------------------- 4. Tax Liability: Gross Payroll Expense for Period: $ 35,993.71 ------------------------- Gross Sales for Period Subject to Sales Tax $ 32,285.45 ------------------------- ------------------------ ------------------------ ----------------------- Post-Petition Taxes Still Date Paid* Amount Paid* Owing ------------------------ ------------------------ ----------------------- Federal Payroll and Withholding Taxes 9-21-00, 10-5-00 $5,061.17 $5,432.44 ------------------------ ------------------------ ----------------------- State Payroll and Withholding Taxes 9-21-00, 10-5-00 918.73 997.52 ------------------------ ------------------------ ----------------------- State Sales and Use Taxes Not Paid -0- 7,919.59 ------------------------------------------------- ----------------------- Real Property Taxes INCLUDED IN RENT ------------------------------------------------- ----------------------- *Attach photocopies of depository receipts from taxing authorities or financial institutions to verity that such deposits or payments have been made (SEE ATTACHMENT #6) 5. Insurance Coverage: (SEE ATTACHMENT #7) ---------------------- --------------------- ------------------ ------------------ Carrier / Amount of Coverage Policy Premium Paid Agent Name Expiration Date Through Date ---------------------- --------------------- ------------------ ------------------ Worker's Compensation HIH/Glen Carlson $1M, $1M, $1M 10/1/00 10/1/00 ---------------------- --------------------- ------------------ ------------------ Liability Fed. Ins. Co. $4 M ea., $4M agg. 10/1/00 10/1/00 ---------------------------------------------------------------------------------- Fire and Extended Coverage Included in Property Add General Liability Insurance ---------------------------------------------------------------------------------- Property & General Liability Fed. Ins. Co. 10/1/00 10/1/00 ---------------------- --------------------- ------------------ ------------------ Theft Fed. Ins. Co. $75K & $75K 10/1/00 10/1/00 ---------------------- --------------------- ------------------ ------------------ Life (Beneficiary: Employees) UNUM 1 x annual pay 11/1/00 8/1/00 ---------------------- --------------------- ------------------ ------------------ Vehicle (Hired) Fed. Ins. Co. $1M 10/1/00 10/1/00 ---------------------- --------------------- ------------------ ------------------ Other (Specify): ---------------------- --------------------- ------------------ ------------------ Marine Open Cargo Centennial $500K & $500K 10/1/00 Until Cancelled ---------------------- --------------------- ------------------ ------------------ Patent Infringement Defense AM Int'l. Specialty $2M ea., $2M agg 10/18/00 10/18/00 ---------------------- --------------------- ------------------ ------------------ D&O Rock River & Lloyd's London $10,000,000 12/10/00 12/10/00 ---------------------- --------------------- ------------------ ------------------
16 DEBTOR IN POSSESSION OPERATING REPORT NO.: 7 PAGE 3 OF 3 ----- 6. Questions: A. Has the Debtor in Possession provided compensation to any officers, directors, shareholder, 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 filing the petition, made any payments on its pre-petition unsecured debt, except as have been authorized by the Court? |_| : Yes Explain: ------------------------------------------------ |X| : No 7. Statement of Unpaid Professional Fees (Post-Petition Amounts ONLY)
-------------------------------------- ------------------------------------- ------------------------------------ State Type of Professional Total Post-Petition Name of Professional (Attorney / Accountant / etc.) Amount Paid -------------------------------------- ------------------------------------- ------------------------------------ Knobbe, Marten, Olson & Bear Attorney $60,568.34 -------------------------------------- ------------------------------------- ------------------------------------ O'Melveny & Myers Attorney 491,611.00 -------------------------------------- ------------------------------------- ------------------------------------ Winthrop & Couchet Attorney 93,000.00 -------------------------------------- ------------------------------------- ------------------------------------ -------------------------------------- ------------------------------------- ------------------------------------
8. Narrative Report of Significant Events and Events out of the Ordinary Course of Business (ATTACH SEPARATE SHEET IF NECESSARY) ---------------------------------------------------------------------------- None ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- 9. Quarterly Fees: (This Fee must be paid to the United States Trustee every calendar quarter)
---------------- ----------------- --------------- -------------- --------------- --------------- --------------- Total Quarterly Disbursements Date Amount Quarterly Fee Period Ending for Quarter Quarterly Fee Paid Paid Check No. Still Owing ---------------- ----------------- --------------- -------------- --------------- --------------- --------------- 3/31/00 69,828.68 500.00 4/27 500.00 10035, 10038 0 ---------------- ----------------- --------------- -------------- --------------- --------------- --------------- 6/30/00 790,304.81 3,750.00 7/19 3,750.00 10352 0 ---------------- ----------------- --------------- -------------- --------------- --------------- --------------- 9/30/00 683,186.02 3,750.00 10-16 3,750.00 10567 0 ---------------- ----------------- --------------- -------------- --------------- --------------- --------------- ---------------- ----------------- --------------- -------------- --------------- --------------- --------------- ---------------- ----------------- --------------- -------------- --------------- --------------- ---------------
I, (Name/Title: Judy McCall/Vice President), declare under penalty of perjury that the information contained in the above Debtor in Possession Operating Report is true and complete to the best of my knowledge. Dated: 10/16/00 ------------------- _______________________________ Debtor in Possession of Trustee 17 ATTACHMENT #2 1. Profit and Loss Statement (Accrual Basis Only) A. Related to Business Operations Gross Sales 151,592.55 Less: Sales Returns and Discounts - -------------- Net Sales 151,592.55 Less: Cost of Goods Sold: Beginning Inventory at Cost Add: Purchases Less: Ending Inventory at Cost Cost of Goods Sold 101,012.94 -------------- Gross Profit 50,579.61 Other Operating Revenues - Less: Operating Expenses: Officer Compensation 19,792.00 Salaries and Wages-Other Employees 11,335.51 -------------- Total Salaries and Wages 31,127.51 Outside Services 66,237.38 Board of Directors Fees 11,500.00 Employee Benefits and Pensions 820.12 Payroll Taxes 2,015.71 Real Estate Taxes Federal and State IncomeTaxes -------------- Total Taxes 2,015.71 Rent and Lease Expense 22,179.78 Interest Expense Insurance Automobile Expense Utilities Depreciation 130,143.51 Repairs and Maintenance Hiring expense Vacation expense Advertising Supplies, Office Expense, Photocopies, etc 135.00 Bad Debts Miscellaneous Operating Expenses: Legal 5,900.00 Travel 1,414.56 Entertainment 95.84 Securities expense 2,142.50 ADP fees Other 763.88 -------------- Total Miscellaneous Operating Expenses 10,316.78 -------------- Total Operating Expenses 274,475.79 -------------- Net Gain/Loss from Business Operations (223,896.18) ============== 18 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 Expense of Sale -------------- Net Gain/Loss on Sale of Assets - -------------- Total Non-Operating Income - -------------- Expenses Not Related to Business Operations: Legal and Professional Fees 81,000.00 Other Non-Operating Expenses -------------- Total Non-Operating Expenses 81,000.00 -------------- NET INCOME/LOSS FOR PERIOD (304,896.18) ============== 19 ATTACHMENT #3 Vendors Amount - -------------------------------------------------------------------------------- Knobbe Marten Olson & Bear 60,568.34 O'Melveny & Myers 491,611.00 Winthrop & Couchot 93,000.00 Magnum Group 25,000.00 Quoc Phan 108.00 Efrain Gonzalez 490.00 Irvine Ranch Water District 100.57 Jill Nester 1,073.00 Donna Chandler 2,675.00 Blue Shield of California 2,633.46 Pacific Bell 1,422.28 Dewey Pest 88.00 Intercall 748.63 LA Times 1,864.80 VSP 277.08 Tax Agencies 7,919.59 - -------------------------------------------------------------------------------- Total 689,579.75 (1) Various Sales Tax Agencies 20 ATTACHMENT # 5 3. STATEMENT OF STATUS OF PAYMENTS TO SECURED CREDITORS AND LESSORS:
- ------------------------------------------------------------------------------------------------------------ Frequency of Payments Amount Next Post Petition Creditor/ per Contract/ of Each Payment Payments Not Made -------------------------- Lessor Lease Payment Due Number Amount (1) - ------------------------------------------------------------------------------------------------------------ 1 The Irvine Company Monthly 38,241.00 01-Oct 2 Konica Monthly 217.58 11-Oct 3 Konica Monthly 328.31 11-Oct 4 Konica Monthly 388.42 27-Oct 5 Pitney Bowes Credit Corporation Quarterly 1,395.00 7 2,790.00 6 Steelcase Financial Services Monthly 381.94 15-Oct 7 Dell Monthly 965.83 7 5,483.42 8 Green Tree Monthly 778.23 7 4,418.34 9 IC Capital Monthly 483.78 7 2,746.62 10 Intelenet Monthly 474.00 15-Oct - ----------------------------------------------------------------------------------------------------------- * Explanation for Non-Payment: Premier Laser Systems negotiating with vendor ---------------------------------------------
21 EX-99.4 5 0005.txt INTERIM STATEMENT - PERIOD ENDING OCTOBER 31, 2000 Office of the United States Trustee - ----------------------------------------------------- ------------------------------------------------------------------------- In re: PREMIER LASER SYSTEMS, INC. DEBTOR IN POSSESSION INTERIM STATEMENT -------------------------------------- 3 Morgan Irvine, CA 92618 Statement Number: 8 ---------- Debtor. For the period FROM: 10/1/00 - ---------------------------------------------- -------------- Chapter 11 Case No.: SA00-12645RA TO: 10/31/00 ------------------------- --------------- - ----------------------------------------------------- -------------------------------------------------------------------------
----------------- ---------------- ---------------- ---------------- CASH ACTIVITY ANALYSIS (CASH BASIS ONLY) Money Plus General Payroll Tax Account Account Account Account ----------------- ---------------- ---------------- ---------------- A. Total Receipts per all Prior Interim Statements -0- $3,825,696.62 $342,327.00 $200.00 ----------------- ---------------- ---------------- ---------------- B. Less: Total Disbursements per all Prior Statements -0- 1,543,319.51 327,695.75 -0- ----------------- ---------------- ---------------- ---------------- C. Beginning Balance (A less B) -0- 2,282,377.11 14,631.25 200.00 ----------------- ---------------- ---------------- ---------------- D. Receipts during Current Period (ATTACH SEPARATE LISTING IF NECESSARY) Description ----------- SEE ATTACHMENT #1 TOTAL RECEIPTS THIS PERIOD: 2,500,719.18 872,239.12 39,000.00 -0- ----------------- ---------------- ---------------- ---------------- E. Balance Available (C plus D) 2,500,719.18 3,154,616.23 53,631.25 200.00 ----------------- ---------------- ---------------- ---------------- F. Less: Disbursements during Current Period (ATTACH SEPARATE LISTING IF NECESSARY) Date Check No. Payee/Purpose ---- --------- ------------- SEE ATTACHMENT #1 TOTAL DISBURSEMENTS THIS PERIOD: -0- 2,836,324.21 38,491.60 -0- ----------------- ---------------- ---------------- ---------------- G. Ending Balance (E less F) $2,500,719.18 $318,292.02 $15,139.65 $200.00 ----------------- ---------------- ---------------- ---------------- H. (1) General Account (a) Depository Name and Location: California Bank & Trust, 3250 Wilshire Blvd., Los Angeles, CA 90010 --------------------------------------------------------------------- (b) Account Number: 3700011381 --------------------------------------------- (2) Payroll Account: (a) Depository Name and Location: California Bank & Trust, 3250 Wilshire Blvd., Los Angeles, CA 90010 -------------------------------------------------------------------- (b) Account Number: 3700011111 --------------------------------------------- (3) Tax Account: (a) Depository Name and Location: California Bank & Trust, 3250 Wilshire Blvd., Los Angeles, CA 90010 -------------------------------------------------------------------- (b) Account Number: 3700011031 ----------------------------------------------- (4) Money Plus Account (a) Depository Name and Location: California Bank & Trust, 3250 Wilshire Blvd., Los Angeles, CA 90010 -------------------------------------------------------------------- (b) Account Number: 3700021509 ------------------------------------------------- I. Other monies on hand (SPECIFY TYPE AND LOCATION) (i.e. Certificates of Deposit, Petty Cash): Petty Cash $1500 ----------------------------------------------------------------------------------------------
I, (Name/Title: Judy McCall/Vice President), declare under penalty of perjury that the information contained in the above Debtor in Possession Interim Statement is true and complete to the best of my knowledge. Dated: 11-21-00 ------------------- _______________________________ Debtor in Possession or Trustee 22 Office of the United States Trustee - ----------------------------------------------------- ------------------------------------------------------------ In re: PREMIER LASER SYSTEMS, INC. DEBTOR IN POSSESSION INTERIM STATEMENT 3 Morgan -------------------------------------- Irvine, CA 92618 Report No. : 8 Page 1 of 3 ------------------ Debtor. For the period FROM: 10-1-00 - ---------------------------------------------- -------------- Chapter 11 Case No.: SA00-12645RA TO: 10-31-00 ------------------------ --------------- - ----------------------------------------------------- ------------------------------------------------------------
1. Profit and Loss Statement (ACCRUAL BASIS ONLY) [SEE ATTACHMENT TWO] A. Related to Business Operations: Gross Sales $ -------------- Less: Sales Returns and Discounts -------------- Net Sales --------------- Less: Cost of Goods Sold: Beginning Inventory at Cost -------------- Add: Purchases -------------- Less: Ending Inventory at Cost -------------- Cost of Goods Sold --------------- Gross Profit --------------- Other Operating Revenues (Specify) --------------- Less: Operating Expenses: Officer Compensation -------------- Salaries and Wages - Other Employees -------------- Total Salaries and Wages --------------- Employee Benefits and Pensions --------------- Payroll Taxes -------------- Real Estate Taxes -------------- Federal and State Income Taxes -------------- Total Sales --------------- Rent and Lease Exp. (Real Property and Personal Property) -------------- Interest Expense (Mortgage, Loan, etc.) -------------- Insurance -------------- Automobile Expense -------------- Utilities (Gas, Electricity, Water, Telephone, etc.) -------------- Depreciation and Amortization -------------- Repairs and Maintenance -------------- Advertising -------------- Supplies, Office Expenses, Photocopies, etc. -------------- Bad Debts -------------- Miscellaneous Operating Expenses (Specify) -------------- Total Operating Expenses --------------- Net Gain/Loss from Business Operations --------------- B. Not Related to Business Operations Income: Interest Income --------------- Other Non-Operating Revenues (Specify) --------------- 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 Operation: Legal and Professional Fees (Specify) -------------- Other Non-Operating Expenses (Specify) -------------- Total Non-Operating Expenses --------------- NET INCOME / LOSS FOR PERIOD $ ---------------
23 DEBTOR IN POSSESSION OPERATING REPORT NO.: 7 PAGE 3 OF 3 -----
2. Aging of Accounts Payable and Accounts Receivable (exclude pre-petition accounts payable): (SEE ATTACHMENT #3, #4) ---------------------------- ---------------------------- Accounts Payable Accounts Receivable ---------------------------- ---------------------------- Current Under 30 Days $129,094.37 $18,779 ---------------------------- ---------------------------- Overdue 31-60 Days 97,585.25 100 ---------------------------- ---------------------------- Overdue 61-90 Days 118,815.16 0 ---------------------------- ---------------------------- Overdue 91-120 Days 81,500 0 ---------------------------- ---------------------------- Overdue Over 121 Days 391,679.34 5,311,327 ---------------------------- ---------------------------- TOTAL $818,674.12 $5,330,206 ---------------------------- ---------------------------- 3. Statement of Status of Payments to Secured Creditors and Lessors: (SEE ATTACHMENT # 5) - ---------------------------------- ------------------- --------------- --------------- ------------------------------- Frequency Post-Petition Payments of Payments per Amount Next Not Made* Contract / Lease of Each Payment Creditor/Lessor (i.e., mo., qtr.) Payment Due Number Amount - ---------------------------------- ------------------- --------------- --------------- --------------- --------------- $ $ - ---------------------------------- ------------------- --------------- --------------- --------------- --------------- - ---------------------------------- ------------------- --------------- --------------- --------------- --------------- - ---------------------------------- ------------------- --------------- --------------- --------------- --------------- *Explanation for Non-Payment: -------------------------------------------------------------------------------------- 4. Tax Liability: Gross Payroll Expense for Period: $ 33,993.89 ------------------------- Gross Sales for Period Subject to Sales Tax $ 12,784.46 ------------------------- ------------------------ ------------------------ ----------------------- Post-Petition Taxes Still Date Paid* Amount Paid* Owing ------------------------ ------------------------ ----------------------- Federal Payroll and Withholding Taxes 10-19-00, 11-06-00 $4,647.04 $4,584.42 ------------------------ ------------------------ ----------------------- State Payroll and Withholding Taxes 10-19-00, 11-06-00 921.65 906.97 ------------------------ ------------------------ ----------------------- State Sales and Use Taxes Not Paid -0- ------------------------------------------------- ----------------------- Real Property Taxes INCLUDED IN RENT ------------------------------------------------- ----------------------- *Attach photocopies of depository receipts from taxing authorities or financial institutions to verity that such deposits or payments have been made (SEE ATTACHMENT #6) 5. Insurance Coverage: (SEE ATTACHMENT #7) ---------------------- --------------------- ------------------ ------------------ Carrier / Amount of Coverage Policy Premium Paid Agent Name Expiration Date Through Date ---------------------- --------------------- ------------------ ------------------ Worker's Compensation HIH/Glen Carlson $1M, $1M, $1M 11/1/00 11/1/00 ---------------------- --------------------- ------------------ ------------------ Liability Fed. Ins. Co. $4 M ea., $4M agg. 11/1/00 11/1/00 ---------------------------------------------------------------------------------- Fire and Extended Coverage Included in Property Add General Liability Insurance ---------------------------------------------------------------------------------- Property & General Liability Fed. Ins. Co. 11/1/00 11/1/00 ---------------------- --------------------- ------------------ ------------------ Theft Fed. Ins. Co. $75K & $75K 11/1/00 11/1/00 ---------------------- --------------------- ------------------ ------------------ Life (Beneficiary: Employees) UNUM 1 x annual pay 12/1/00 8/1/00 ---------------------- --------------------- ------------------ ------------------ Vehicle (Hired) Fed. Ins. Co. $1M 11/1/00 11/1/00 ---------------------- --------------------- ------------------ ------------------ Other (Specify): ---------------------- --------------------- ------------------ ------------------ Marine Open Cargo Centennial $500K & $500K 11/1/00 Until Cancelled ---------------------- --------------------- ------------------ ------------------ Patent Infringement Defense AM Int'l. Specialty $2M ea., $2M agg 11/18/00 11/18/00 ---------------------- --------------------- ------------------ ------------------ D&O Rock River & Lloyd's London $10,000,000 1/10/01 1/10/01 ---------------------- --------------------- ------------------ ------------------
24 DEBTOR IN POSSESSION OPERATING REPORT NO.: 7 PAGE 3 OF 3 ----- 6. Questions: A. Has the Debtor in Possession provided compensation to any officers, directors, shareholder, 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 filing the petition, made any payments on its pre-petition unsecured debt, except as have been authorized by the Court? |_| : Yes Explain: --------------------------------------------------- |X| : No 7. Statement of Unpaid Professional Fees (Post-Petition Amounts ONLY)
-------------------------------------- ------------------------------------- ------------------------------------ State Type of Professional Total Post-Petition Name of Professional (Attorney / Accountant / etc.) Amount Paid -------------------------------------- ------------------------------------- ------------------------------------ Knobbe, Marten, Olson & Bear Attorney $87,568.34 -------------------------------------- ------------------------------------- ------------------------------------ O'Melveny & Myers Attorney 555,611.00 -------------------------------------- ------------------------------------- ------------------------------------ Winthrop & Couchet Attorney 109,000.00 -------------------------------------- ------------------------------------- ------------------------------------ -------------------------------------- ------------------------------------- ------------------------------------
8. Narrative Report of Significant Events and Events out of the Ordinary Course of Business (ATTACH SEPARATE SHEET IF NECESSARY) ---------------------------------------------------------------------------- None ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- 9. Quarterly Fees: (This Fee must be paid to the United States Trustee every calendar quarter)
---------------- ----------------- --------------- -------------- --------------- --------------- --------------- Total Quarterly Disbursements Date Amount Quarterly Fee Period Ending for Quarter Quarterly Fee Paid Paid Check No. Still Owing ---------------- ----------------- --------------- -------------- --------------- --------------- --------------- 3/31/00 69,828.68 500.00 4/27 500.00 10035, 10038 0 ---------------- ----------------- --------------- -------------- --------------- --------------- --------------- 6/30/00 790,304.81 3,750.00 7/19 3,750.00 10352 0 ---------------- ----------------- --------------- -------------- --------------- --------------- --------------- 9/30/00 683,186.02 3,750.00 10-16 3,750.00 10567 0 ---------------- ----------------- --------------- -------------- --------------- --------------- --------------- ---------------- ----------------- --------------- -------------- --------------- --------------- --------------- ---------------- ----------------- --------------- -------------- --------------- --------------- ---------------
I, (Name/Title: Judy McCall/Vice President), declare under penalty of perjury that the information contained in the above Debtor in Possession Operating Report is true and complete to the best of my knowledge. Dated: 11-21-00 ------------------- _______________________________ Debtor in Possession of Trustee 25 ATTACHMENT #2 1. Profit and Loss Statement (Accrual Basis Only) A. Related to Business Operations Gross Sales 28,043.78 Less: Sales Returns and Discounts - -------------- Net Sales 28,043.78 Less: Cost of Goods Sold: Beginning Inventory at Cost Add: Purchases Less: Ending Inventory at Cost Cost of Goods Sold 49,101.31 -------------- Gross Profit (21,057.53) Other Operating Revenues - Less: Operating Expenses: Officer Compensation 19,792.00 Salaries and Wages-Other Employees 8,777.74 -------------- Total Salaries and Wages 28,569.74 Outside Services 225,146.86 Board of Directors Fees 2,000.00 Employee Benefits and Pensions Payroll Taxes 1,463.25 Real Estate Taxes Federal and State IncomeTaxes -------------- Total Taxes 1,463.25 Rent and Lease Expense 22,179.78 Interest Expense Insurance 2,372.36 Automobile Expense Utilities Depreciation 130,143.51 Repairs and Maintenance Hiring expense Vacation expense Advertising 1,864.80 Supplies, Office Expense, Photocopies, etc 697.97 Bad Debts Miscellaneous Operating Expenses: Legal 23,389.22 Travel 75.09 Entertainment 294.88 Securities expense ADP fees Other 4,112.58 -------------- Total Miscellaneous Operating Expenses 27,871.77 -------------- Total Operating Expenses 442,310.04 -------------- Net Gain/Loss from Business Operations (463,367.57) ============== 26 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 Expense of Sale -------------- Net Gain/Loss on Sale of Assets - -------------- Total Non-Operating Income - -------------- Expenses Not Related to Business Operations: Legal and Professional Fees 91,000.00 Other Non-Operating Expenses -------------- Total Non-Operating Expenses 91,000.00 -------------- NET INCOME/LOSS FOR PERIOD (554,367.57) ============== Note:Included in October cash receipts of $850,000, $450,000 was for Coherent Settlement and $400,000 for Surgilight, these amounts were not recognized. The accounting of these amounts will be done after further consultation with professional accountants but no later than 45 days from 11/15/00. 27 ATTACHMENT #3 Vendors Amount - -------------------------------------------------------------------------------- Knobbe Marten Olson & Bear 87,568.34 O'Melveny & Myers 555,611.00 Winthrop & Couchot 109,000.00 Inter Trade Service 1,543.83 The Magnum Group 15,000.00 Chung Hwan Hahm 120.00 Donna Chandler $ 5,475.00 John Kling $ 7,448.83 Colette Cozean $ 7,670.00 PR Newswire $ 578.00 FJF Assoc $ 201.23 American Stock Transfer $ 1,250.00 Efrain Gonzalez $ 420.00 Intercall $ 561.78 Deweys Pest Control $ 88.00 Southern Cal Edison $ 5,704.37 Calco Workers Comp $ 1,171.00 Irvine Ranch Water $ 47.48 Pacific Bell $ 1,349.70 John Hunkeler $ 500.00 Lewis Stanton $ 500.00 Fredric Feldman $ 500.00 UPS $ 109.09 Jill Nester $ 490.25 Patents- various $ 6,979.00 Tax Agencies 8,787.22 - -------------------------------------------------------------------------------- Total 818,674.12 (1) Various Sales Tax Agencies 28 ATTACHMENT # 5 3. STATEMENT OF STATUS OF PAYMENTS TO SECURED CREDITORS AND LESSORS:
- ------------------------------------------------------------------------------------------------------------ Frequency of Payments Amount Next Post Petition Creditor/ per Contract/ of Each Payment Payments Not Made -------------------------- Lessor Lease Payment Due Number Amount (1) - ------------------------------------------------------------------------------------------------------------ 1 The Irvine Company Monthly 38,241.00 01-Nov 2 Konica Monthly 217.58 11-Nov 3 Konica Monthly 328.31 11-Nov 4 Konica Monthly 388.42 27-Nov 5 Pitney Bowes Credit Corporation Quarterly 1,395.00 8 3,255.00 6 Steelcase Financial Services Monthly 381.94 15-Nov 7 Dell Monthly 965.83 8 6,449.25 8 Green Tree Monthly 778.23 8 5,196.57 9 IC Capital Monthly 483.78 8 3,230.40 10 Intelenet Monthly 474.00 15-Nov - ------------------------------------------------------------------------------------------------------------ * Explanation for Non-Payment: Premier Laser Systems negotiating with vendor ------------------------------------------------------------------
29 EX-99.5 6 0006.txt INTERIM STATEMENT - PERIOD ENDING NOV. 30, 2000 Office of the United States Trustee - ----------------------------------------------------- ---------------------------------------------------- In re: PREMIER LASER SYSTEMS, INC. DEBTOR IN POSSESSION INTERIM STATEMENT 3 Morgan -------------------------------------- Irvine, CA 92618 Statement Number: 9 ---------- Debtor. For the period FROM: 11/1/00 - ---------------------------------------------- -------------- Chapter 11 Case No.: SA00-12645RA TO: 11/30/00 ------------------------- --------------- - ----------------------------------------------------- ----------------------------------------------------
----------------- ---------------- ---------------- ---------------- CASH ACTIVITY ANALYSIS (CASH BASIS ONLY) Money Plus General Payroll Tax Account Account Account Account ----------------- ---------------- ---------------- ---------------- A. Total Receipts per all Prior Interim Statements -$2,500,719.18- $4,697,935.74 $381,327.00 $200.00 ----------------- ---------------- ---------------- ---------------- B. Less: Total Disbursements per all Prior Statements -0- 4,379,643.72 366,187.35 -0- ----------------- ---------------- ---------------- ---------------- C. Beginning Balance (A less B) -2,500,719.18- 318,292.02 15,139.65 200.00 ----------------- ---------------- ---------------- ---------------- D. Receipts during Current Period (ATTACH SEPARATE LISTING IF NECESSARY) Description ----------- SEE ATTACHMENT #1 TOTAL RECEIPTS THIS PERIOD: 10,777.07 1,327,237.71 26,000.00 -0- ----------------- ---------------- ---------------- ---------------- E. Balance Available (C plus D) 2,511,496.25 1,645,529.73 41,139.65 200.00 ----------------- ---------------- ---------------- ---------------- F. Less: Disbursements during Current Period (ATTACH SEPARATE LISTING IF NECESSARY) Date Check No. Payee/Purpose ---- --------- ------------- SEE ATTACHMENT #1 TOTAL DISBURSEMENTS THIS PERIOD: -0- 151,431.26 25,706.28 -0- ----------------- ---------------- ---------------- ---------------- G. Ending Balance (E less F) $2,511,496.25 $1,494,098.47 $15,433.37 $200.00 ----------------- ---------------- ---------------- ---------------- H. (1) General Account (a) Depository Name and Location: California Bank & Trust, 3250 Wilshire Blvd., Los Angeles, CA 90010 -------------------------------------------------------------------- (b) Account Number: 3700011381 --------------------------------------------- (2) Payroll Account: (a) Depository Name and Location: California Bank & Trust, 3250 Wilshire Blvd., Los Angeles, CA 90010 -------------------------------------------------------------------- (b) Account Number: 3700011111 --------------------------------------------- (3) Tax Account: (a) Depository Name and Location: California Bank & Trust, 3250 Wilshire Blvd., Los Angeles, CA 90010 -------------------------------------------------------------------- (b) Account Number: 3700011031 ---------------------------------------------------------------------------------------- (4) Money Plus Account (a) Depository Name and Location: California Bank & Trust, 3250 Wilshire Blvd., Los Angeles, CA 90010 -------------------------------------------------------------------- (b) Account Number: 3700021509 ------------------------------------------------- I. Other monies on hand (SPECIFY TYPE AND LOCATION) (i.e. Certificates of Deposit, Petty Cash): Petty Cash $1500 ----------------------------------------------------------------------------------------------
I, (Name/Title: Robert Mosier/ ), declare under penalty of perjury that the information contained in the above Debtor in Possession Interim Statement is true and complete to the best of my knowledge. Dated: 12-20-00 ------------------- _______________________________ Debtor in Possession or Trustee 30 Office of the United States Trustee - ----------------------------------------------------- ------------------------------------------------------------ In re: PREMIER LASER SYSTEMS, INC. DEBTOR IN POSSESSION INTERIM STATEMENT 3 Morgan -------------------------------------- Irvine, CA 92618 Report No. : 9 Page 1 of 3 ------------------ Debtor. For the period FROM: 11-1-00 - ---------------------------------------------- -------------- Chapter 11 Case No.: SA00-12645RA TO: 11-30-00 ------------------------ --------------- - ----------------------------------------------------- ------------------------------------------------------------
1. Profit and Loss Statement (ACCRUAL BASIS ONLY) [SEE ATTACHMENT TWO] A. Related to Business Operations: Gross Sales $ -------------- Less: Sales Returns and Discounts -------------- Net Sales --------------- Less: Cost of Goods Sold: Beginning Inventory at Cost -------------- Add: Purchases -------------- Less: Ending Inventory at Cost -------------- Cost of Goods Sold --------------- Gross Profit --------------- Other Operating Revenues (Specify) --------------- Less: Operating Expenses: Officer Compensation -------------- Salaries and Wages - Other Employees -------------- Total Salaries and Wages --------------- Employee Benefits and Pensions --------------- Payroll Taxes -------------- Real Estate Taxes -------------- Federal and State Income Taxes -------------- Total Sales --------------- Rent and Lease Exp. (Real Property and Personal Property) -------------- Interest Expense (Mortgage, Loan, etc.) -------------- Insurance -------------- Automobile Expense -------------- Utilities (Gas, Electricity, Water, Telephone, etc.) -------------- Depreciation and Amortization -------------- Repairs and Maintenance -------------- Advertising -------------- Supplies, Office Expenses, Photocopies, etc. -------------- Bad Debts -------------- Miscellaneous Operating Expenses (Specify) -------------- Total Operating Expenses --------------- Net Gain/Loss from Business Operations --------------- B. Not Related to Business Operations Income: Interest Income --------------- Other Non-Operating Revenues (Specify) --------------- 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 Operation: Legal and Professional Fees (Specify) -------------- Other Non-Operating Expenses (Specify) -------------- Total Non-Operating Expenses --------------- NET INCOME / LOSS FOR PERIOD $ ---------------
31 DEBTOR IN POSSESSION OPERATING REPORT NO.: 9 PAGE 3 OF 3 ----- 2. Aging of Accounts Payable and Accounts Receivable (exclude pre-petition accounts payable): (SEE ATTACHMENT #3, #4)
---------------------------- ---------------------------- Accounts Payable Accounts Receivable ---------------------------- ---------------------------- Current Under 30 Days $139,490.27 $-218 ---------------------------- ---------------------------- Overdue 31-60 Days 107,000.00 18,997 ---------------------------- ---------------------------- Overdue 61-90 Days 81,000.00 100 ---------------------------- ---------------------------- Overdue 91-120 Days 91,000.00 0 ---------------------------- ---------------------------- Overdue Over 121 Days 473,179.34 5,311,327 ---------------------------- ---------------------------- TOTAL $891,669.61 $5,330,206 ---------------------------- ---------------------------- 3. Statement of Status of Payments to Secured Creditors and Lessors: (SEE ATTACHMENT # 5) - ---------------------------------- ------------------- --------------- --------------- ------------------------------- Frequency Post-Petition Payments of Payments per Amount Next Not Made* Contract / Lease of Each Payment Creditor/Lessor (i.e., mo., qtr.) Payment Due Number Amount - ---------------------------------- ------------------- --------------- --------------- ------------------------------- $ $ - ---------------------------------- ------------------- --------------- --------------- --------------- --------------- - ---------------------------------- ------------------- --------------- --------------- --------------- --------------- - ---------------------------------- ------------------- --------------- --------------- --------------- --------------- *Explanation for Non-Payment: -------------------------------------------------------------------------------------- 4. Tax Liability: Gross Payroll Expense for Period: $ 15,812.94 ------------------------- Gross Sales for Period Subject to Sales Tax $ 8,846.62 ------------------------- ------------------------ ------------------------ ----------------------- Post-Petition Taxes Still Date Paid* Amount Paid* Owing ------------------------ ------------------------ ----------------------- Federal Payroll and Withholding Taxes 11-21-00, 12-06-00 $1,903.77 $2,319.66 ------------------------ ------------------------ ----------------------- State Payroll and Withholding Taxes 11-21-00, 12-06-00 404.71 480.32 ------------------------ ------------------------ ----------------------- State Sales and Use Taxes Not Paid -0- ------------------------------------------------- ----------------------- Real Property Taxes INCLUDED IN RENT ------------------------------------------------- ----------------------- *Attach photocopies of depository receipts from taxing authorities or financial institutions to verity that such deposits or payments have been made (SEE ATTACHMENT #6) 5. Insurance Coverage: ---------------------- --------------------- ------------------ ------------------ Carrier / Amount of Coverage Policy Premium Paid Agent Name Expiration Date Through Date ---------------------- --------------------- ------------------ ------------------ Worker's Compensation HIH/Calco $1M, $1M, $1M 6-1-01 6-1-01 Product/Completed Liability Medmarc/AON $10Kea., $100K agg. Self Ins. Ea. $50K, $200 agg. 3-1-01 3-1-01 ---------------------- --------------------- ------------------ ------------------ Liability Fed. Ins. Co./AON $4 M ea., $4M agg. 3-1-01 3-1-01 ---------------------------------------------------------------------------------- Fire and Extended Coverage Included in Property Add General Liability Insurance ---------------------------------------------------------------------------------- Property & General Liability Fed. Ins. Co./AON $1M ea., $2M agg. 3-1-01 3-1-01 ---------------------- --------------------- ------------------ ------------------ Theft Fed. Ins. Co./AON $75K & $75K 3-1-01 3-1-01 ---------------------- --------------------- ------------------ ------------------ ---------------------- --------------------- ------------------ ------------------ Vehicle (Hired) Fed. Ins. Co./AON $1M 3-1-01 3-1-01 ---------------------- --------------------- ------------------ ------------------ Other (Specify): ---------------------- --------------------- ------------------ ------------------ Marine Open Cargo Centennial/AON $500K & $500K 1-1-01 1-1-01 Patent Infringement Abatement Reliance/Calco $1M ea., $3M agg 2-24-00 Expired ---------------------- --------------------- ------------------ ------------------ Patent Infringement Defense AM Int'l. Specialty/Calco $2M ea., $2M agg 6-18-00 Expired ---------------------- --------------------- ------------------ ------------------ D&O Rock River & $10,000,000 12-10-00 Expired Lloyd/Calco ---------------------- --------------------- ------------------ ------------------
32 DEBTOR IN POSSESSION OPERATING REPORT NO.: 9 PAGE 3 OF 3 ----- 6. Questions: A. Has the Debtor in Possession provided compensation to any officers, directors, shareholder, 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 filing the petition, made any payments on its pre-petition unsecured debt, except as have been authorized by the Court? |_| : Yes Explain: --------------------------------------------------- |X| : No 7. Statement of Unpaid Professional Fees (Post-Petition Amounts ONLY)
-------------------------------------- ------------------------------------- ------------------------------------ State Type of Professional Total Post-Petition Name of Professional (Attorney / Accountant / etc.) Amount Paid -------------------------------------- ------------------------------------- ------------------------------------ Knobbe, Marten, Olson & Bear Attorney $101,568.34 -------------------------------------- ------------------------------------- ------------------------------------ O'Melveny & Myers Attorney 605,611.00 -------------------------------------- ------------------------------------- ------------------------------------ Winthrop & Couchet Attorney 144,000.00 -------------------------------------- ------------------------------------- ------------------------------------ -------------------------------------- ------------------------------------- ------------------------------------
8. Narrative Report of Significant Events and Events out of the Ordinary Course of Business (ATTACH SEPARATE SHEET IF NECESSARY) ---------------------------------------------------------------------------- None ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- 9. Quarterly Fees: (This Fee must be paid to the United States Trustee every calendar quarter)
---------------- ----------------- --------------- -------------- --------------- --------------- --------------- Total Quarterly Disbursements Date Amount Quarterly Fee Period Ending for Quarter Quarterly Fee Paid Paid Check No. Still Owing ---------------- ----------------- --------------- -------------- --------------- --------------- --------------- 3/31/00 69,828.68 500.00 4/27 500.00 10035, 10038 0 ---------------- ----------------- --------------- -------------- --------------- --------------- --------------- 6/30/00 790,304.81 3,750.00 7/19 3,750.00 10352 0 ---------------- ----------------- --------------- -------------- --------------- --------------- --------------- 9/30/00 683,186.02 3,750.00 10-16 3,750.00 10567 0 ---------------- ----------------- --------------- -------------- --------------- --------------- --------------- ---------------- ----------------- --------------- -------------- --------------- --------------- --------------- ---------------- ----------------- --------------- -------------- --------------- --------------- ---------------
I, (Name/Title: Robert Mosier/ ), declare under penalty of perjury that the information contained in the above Debtor in Possession Operating Report is true and complete to the best of my knowledge. Dated: 12-20-00 ------------------- _______________________________ Debtor in Possession of Trustee 33 ATTACHMENT #2 1. Profit and Loss Statement (Modified Cash Basis) A. Related to Business Operations Gross Sales 27,743.70 Less: Sales Returns and Discounts - -------------- Net Sales 27,743.70 Less: Cost of Goods Sold: Beginning Inventory at Cost Add: Purchases Less: Ending Inventory at Cost Cost of Goods Sold 732.20 -------------- Gross Profit 27,011.50 Other Operating Revenues - Less: Operating Expenses: Officer Compensation 8,333.00 Salaries and Wages-Other Employees 7,479.94 -------------- Total Salaries and Wages 15,812.94 Outside Services 41,475.00 Board of Directors Fees 6,000.00 Employee Benefits and Pensions 14,791.47 Payroll Taxes 812.59 Real Estate Taxes Federal and State IncomeTaxes -------------- Total Taxes 812.59 Rent and Lease Expense Interest Expense Insurance Automobile Expense Utilities 9,281.59 Depreciation Repairs and Maintenance 283.23 Hiring expense Vacation expense Advertising Supplies, Office Expense, Photocopies, etc 838.37 Bad Debts Miscellaneous Operating Expenses: Legal 8,450.57 Travel Entertainment Securities expense 20,954.62 ADP fees 381.38 Other 1,442.55 -------------- Total Miscellaneous Operating Expenses 31,229.12 -------------- Total Operating Expenses 120,524.31 -------------- Net Gain/Loss from Business Operations (93,512.81) ============== 34 B. Not Related to Business Operations Income: Interest Income 11,496.25 Other Non-Operating Revenues Gross Proceeds on Sale of Assets Less: Original Cost of Assets plus Expense of Sale -------------- Net Gain/Loss on Sale of Assets - -------------- Total Non-Operating Income 11,496.25 -------------- Expenses Not Related to Business Operations: Legal and Professional Fees Other Non-Operating Expenses -------------- Total Non-Operating Expenses - -------------- NET INCOME/LOSS FOR PERIOD (82,016.56) ============== Note:Included in October cash receipts of $1,300,000, $1,000,000 was from Surgilight and $300,000 for Intralase, these amounts were not recognized. The accounting of these amounts will be done after further consultation with professional accountants but no later than 45 days from 12/15/00. 35 ATTACHMENT #3 Vendors Amount - -------------------------------------------------------------------------------- Knobbe Marten Olson & Bear 101,568.34 O'Melveny & Myers 605,611.00 Winthrop & Couchot 144,000.00 Standard Insurance 511.55 Leo Blomgren 180.00 Harvey Miller 105.00 Don Skelton 647.10 Colette Cozean 5,200.00 Magnum Group 25,000.00 Tax Agencies 8,846.62 - -------------------------------------------------------------------------------- Total 891,669.61 (1) Various Sales Tax Agencies 36 ATTACHMENT # 5 3. STATEMENT OF STATUS OF PAYMENTS TO SECURED CREDITORS AND LESSORS:
- ----------------------------------------------------------------------------------------------------------- Frequency Post Petition of Payments Amount Next Payments Not Made Creditor/ per Contract/ of Each Payment -------------------------- Lessor Lease Payment Due Number Amount (1) - ----------------------------------------------------------------------------------------------------------- 2 Konica(4) Monthly 217.58 11-Dec 3 Konica(4) Monthly 328.31 11-Dec 4 Konica(4) Monthly 388.42 27-Dec 5 Pitney Bowes Credit Corporation Quarterly 1,395.00 9 4,185.00 6 Steelcase Financial Services(4) Monthly 381.94 7 Dell(1) Monthly 965.83 8 Green Tree(2) Monthly 778.23 9 IC Capital(3) Monthly 483.78 10 Intelenet Monthly 474.00 15-Dec - ----------------------------------------------------------------------------------------------------------- (1) Signed Stipulation (2) Signed Stipulation (3) O'Melveny handling in court (4) Under Negotiation
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