-----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, RQMj//zqYSat1GDfBz+u4zaNjb8HDqRu3DgU2GM9lRQu8G8FGdmvdg9xkZuvTDnK mgnnAS/LB7S9dlff3VRkKw== 0000930661-02-004457.txt : 20021227 0000930661-02-004457.hdr.sgml : 20021227 20021227144532 ACCESSION NUMBER: 0000930661-02-004457 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20021227 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20021227 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DTVN HOLDINGS INC CENTRAL INDEX KEY: 0000908246 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 760404904 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-22076 FILM NUMBER: 02870086 BUSINESS ADDRESS: STREET 1: 635 WEST CAMPBELL RD STREET 2: SUITE 130 CITY: RICHARDSON STATE: TX ZIP: 75080 BUSINESS PHONE: 9727830284 MAIL ADDRESS: STREET 1: 1710 TWO ALLEN CENTER STREET 2: 1200 SMITH STREET CITY: HOUSTON STATE: TX ZIP: 77002-4312 FORMER COMPANY: FORMER CONFORMED NAME: TN ENERGY SERVICES ACQUISITION CORP DATE OF NAME CHANGE: 19930701 FORMER COMPANY: FORMER CONFORMED NAME: ZYDECO ENERGY INC DATE OF NAME CHANGE: 19960102 8-K 1 d8k.txt FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, DC 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): December 27, 2002 (December 20, 2002) DTVN Holdings, Inc. ------------------- (Exact name of registrant as specified in its charter) Delaware 0-22076 76-0404904 -------- ------- ---------- (State or other (Commission File (IRS Employer Jurisdiction of Number) Identification No.) Incorporation) 1925 West John Carpenter Freeway, Suite 500, Irving, Texas 75063 ---------------------------------------------------------------- (Address of principal executive offices) (Zip code) Registrant's telephone number, including area code: (972) 792-3700 Item 5. Other Events. As previously disclosed, on October 2, 2002, the Registrant, its wholly owned subsidiary, DataVoN, Inc., and two other affiliated companies (collectively, the "Debtors") filed voluntary petitions for relief under Chapter 11 of Title 11 of the United States Code in the United States Bankruptcy Court for the Northern District of Texas, Dallas Division, in Dallas, Texas (the "Court"). On December 20, 2002, the Debtors filed a consolidated Monthly Operating Report for November 2002 (the "Operating Report") with the Court. The Operating Report is attached as an exhibit to this Current Report on Form 8-K. The Registrant cautions readers not to place undue reliance upon the information contained in the Operating Report since it contains unaudited information, and is in a format prescribed by applicable bankruptcy laws. There can be no assurance that the Operating Report is complete. The Operating Report also contains information for periods that may be shorter or otherwise different than those contained in the Registrant's reports pursuant to the Securities Exchange Act of 1934, as amended. The information contained in the Operating Report is not to be used for investment purposes. Item 7. Financial Statements and Exhibits. (c) Exhibits 99.1 Monthly Operating Report of DataVoN, Inc. et al. for November 2002. 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 thereunto duly authorized. Dated: December 27, 2002 DTVN HOLDINGS, INC. By: /s/ Michael G. Donohoe -------------------------------- Michael G. Donohoe General Counsel, Senior Vice President and Chief Restructuring Officer INDEX TO EXHIBITS ----------------- Exhibit Number Description - ------ ----------- 99.1 Monthly Operating Report of DataVoN, Inc. et al. for November 2002. EX-99.1 3 dex991.txt MONTHLY OPERATING REPORT EXHIBIT 99.1 - --------------------------------- CASE NAME: DataVoN, Inc. Et al Monthly Operating Report - --------------------------------- ACCRUAL BASIS - --------------------------------- CASE NUMBER: 02-38600-RCM 10/14/02, RWD, 02/96 & 07/99 - --------------------------------- UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF TEXAS DALLAS DIVISION MONTHLY OPERATING REPORT - CONSOLIDATED MONTH ENDING: November 30, 2002 ----------- I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-7) AND THE ACCOMPANYING ATTACHMENTS AND THESE DOCUMENTS ARE TRUE, CORRECT AND COMPLETE. DECLARATION OF THE PREPARER IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE. RESPONSIBLE PARTY: President - --------------------------------------- ------------------------------------ ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE W. Britt Birdwell - --------------------------------------- ------------------------------------ PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: Vice President - Finance - --------------------------------------- ------------------------------------ ORIGINAL SIGNATURE OF PREPARER TITLE Larry Dewey CPA - --------------------------------------- ------------------------------------ PRINTED NAME OF PREPARER DATE Cover Sheet - ---------------------------------- CASE NAME: DataVoN, Inc. Et al Monthly Operating Report - ---------------------------------- ACCRUAL BASIS - 1 - ---------------------------------- CASE NUMBER: 02-38600-RCM 10/14/02, RWD, 02/96 & 07/99 - ----------------------------------
======================================================================================================================= COMPARATIVE BALANCE SHEET SCHEDULE MONTH MONTH MONTH --------------- --------------- --------------- --------------- AMOUNT Sep 2002 Oct 2002 Nov 2002 ======================================================================================================================= ASSETS - ----------------------------------------------------------------------------------------------------------------------- 1. UNRESTRICTED CASH $ 21,429.00 $ 21,522.00 $ 1,126,354.00 $ 2,322,389.00 - ----------------------------------------------------------------------------------------------------------------------- 2. RESTRICTED CASH $ - - ----------------------------------------------------------------------------------------------------------------------- 3. TOTAL CASH $ 21,429.00 $ 21,522.00 $ 1,126,354.00 $ 2,322,389.00 ======================================================================================================================= 4. ACCOUNTS RECEIVABLE (NET) $ 2,920,920.00 $ 4,410,851.00 $ 4,372,878.00 $ 3,834,132.00 - ----------------------------------------------------------------------------------------------------------------------- 5. INVENTORY $ - - ----------------------------------------------------------------------------------------------------------------------- 6. NOTES RECEIVABLE $ - - ----------------------------------------------------------------------------------------------------------------------- 7. PREPAID EXPENSES $ 297,839.00 $ 394,129.00 $ 443,247.00 $ 237,769.00 - ----------------------------------------------------------------------------------------------------------------------- 8. OTHER $ - - ----------------------------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $ 3,240,188.00 $ 4,826,502.00 $ 5,942,479.00 $ 6,394,290.00 ======================================================================================================================= 10. PROPERTY, PLANT & EQUIPMENT $ 7,160,855.00 $ 7,180,382.00 $ 7,513,209.00 - ----------------------------------------------------------------------------------------------------------------------- 11. LESS: ACCUMULATED DEPRECIATION/DEPLETION $ - $ 2,018,089.00 $ 2,162,844.00 $ 2,320,080.00 - ----------------------------------------------------------------------------------------------------------------------- 12. NET PROPERTY, PLANT & EQUIPMENT $ 4,636,630.00 $ 5,142,766.00 $ 5,017,538.00 $ 5,193,129.00 ======================================================================================================================= 13. DUE FROM INSIDERS $ 11,111.00 $ 10,333.00 $ 6,945.00 $ 36,040.00 - ----------------------------------------------------------------------------------------------------------------------- 14. OTHER ASSETS - (Lease Deposits) $ 213,523.00 $ 222,123.00 $ 195,011.00 $ 186,252.00 - ----------------------------------------------------------------------------------------------------------------------- 15. OTHER - Cisco Systems Equipment Purchase Credit $ 1,200,000.00 - ----------------------------------------------------------------------------------------------------------------------- 16. TOTAL ASSETS $ 9,301,452.00 $ 10,201,724.00 $ 11,161,973.00 $ 11,809,711.00 ======================================================================================================================= POSTPETITION LIABILITIES - ----------------------------------------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE $ 808,881.00 $ 1,000,498.00 - ----------------------------------------------------------------------------------------------------------------------- 18. TAXES PAYABLE - Property $ 24,112.00 $ 26,523.00 - ----------------------------------------------------------------------------------------------------------------------- 19. NOTES PAYABLE - ----------------------------------------------------------------------------------------------------------------------- 20. PROFESSIONAL FEES - ----------------------------------------------------------------------------------------------------------------------- 21. SECURED DEBT - ----------------------------------------------------------------------------------------------------------------------- 22. OTHER (ATTACH LIST) - ----------------------------------------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES $ - $ - $ 832,993.00 $ 1,027,021.00 ======================================================================================================================= PREPETITION LIABILITIES - ----------------------------------------------------------------------------------------------------------------------- 24. SECURED DEBT $ 3,038,471.00 $ 3,038,471.00 $ 3,038,471.00 $ 3,038,471.00 - ----------------------------------------------------------------------------------------------------------------------- 25. PRIORITY DEBT $ 25,000.00 $ 25,000.00 $ 25,000.00 $ 25,000.00 - ----------------------------------------------------------------------------------------------------------------------- 26. UNSECURED DEBT $ 10,909,293.00 $ 8,277,003.00 $ 8,277,003.00 $ 8,277,003.00 - ----------------------------------------------------------------------------------------------------------------------- 27. OTHER (SEE ATTACHED) $ 2,806,119.00 $ 2,806,119.00 $ 2,780,844.00 - ----------------------------------------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES ======================================================================================================================= 29. TOTAL LIABILITIES $ 13,972,764.00 $ 14,146,593.00 $ 14,979,586.00 $ 15,148,339.00 ======================================================================================================================= EQUITY - ----------------------------------------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY $ (4,671,312.00) $ (3,944,869.00) $ (3,944,869.00) $ (3,944,869.00) - ----------------------------------------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT (LOSS) $ 127,256.00 $ 606,241.00 - ----------------------------------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) - ----------------------------------------------------------------------------------------------------------------------- 33. TOTAL EQUITY $ (4,671,312.00) $ (3,944,869.00) $ (3,817,613.00) $ (3,338,628.00) ======================================================================================================================= 34. TOTAL LIABILITIES & OWNERS' EQUITY $ 9,301,452.00 $ 10,201,724.00 $ 11,161,973.00 $ 11,809,711.00 =======================================================================================================================
Balance Sheet --------------------------------- CASE NAME: DataVoN, Inc. Et al Monthly Operating Report --------------------------------- ACCRUAL BASIS - 2 --------------------------------- CASE NUMBER: 02-38600-RCM 10/14/02, RWD, 02/96 & 07/99 ---------------------------------
=================================================================================================================== INCOME STATEMENT MONTH MONTH MONTH QUARTER -------------- -------------- -------------- -------------- Sep 2002 Oct 2002 Nov 2002 TOTALS =================================================================================================================== REVENUES ------------------------------------------------------------------------------------------------------------------- 1. GROSS REVENUES $ 3,164,248.00 $ 3,120,986.00 $ 3,134,691.00 $ 9,419,925.00 ------------------------------------------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS $ 21,806.00 $ 39,694.00 $ 22,157.00 $ 83,657.00 ------------------------------------------------------------------------------------------------------------------- 3. NET REVENUE $ 3,142,442.00 $ 3,081,292.00 $ 3,112,534.00 $ 9,336,268.00 =================================================================================================================== COST OF GOODS SOLD ------------------------------------------------------------------------------------------------------------------- 4. MATERIAL (Telecom Services) $ 2,345,552.00 $ 2,315,465.00 $ 2,353,869.00 $ 7,014,886.00 ------------------------------------------------------------------------------------------------------------------- 5. DIRECT LABOR $ - ------------------------------------------------------------------------------------------------------------------- 6. DIRECT OVERHEAD $ - ------------------------------------------------------------------------------------------------------------------- 7. TOTAL COST OF GOODS SOLD $ 2,345,552.00 $ 2,315,465.00 $ 2,353,869.00 $ 7,014,886.00 =================================================================================================================== 8. GROSS PROFIT $ 796,890.00 $ 765,827.00 $ 758,665.00 $ 2,321,382.00 =================================================================================================================== OPERATING EXPENSES ------------------------------------------------------------------------------------------------------------------- 9. OFFICER / INSIDER COMPENSATION $ 67,293.00 $ 62,668.00 $ 61,584.00 $ 191,545.00 ------------------------------------------------------------------------------------------------------------------- 10. SELLING & MARKETING $ - ------------------------------------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE $ 476,799.00 $ 362,712.00 $ 287,149.00 $ 1,126,660.00 ------------------------------------------------------------------------------------------------------------------- 12. RENT & LEASE $ 24,561.00 $ 24,525.00 $ 24,525.00 $ 73,611.00 ------------------------------------------------------------------------------------------------------------------- 13. OTHER $ - ------------------------------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES $ 568,653.00 $ 449,905.00 $ 373,258.00 $ 1,391,816.00 =================================================================================================================== 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE $ 228,237.00 $ 315,922.00 $ 385,407.00 $ 929,566.00 =================================================================================================================== OTHER INCOME & EXPENSES ------------------------------------------------------------------------------------------------------------------- 16. NON-OPERATING INCOME (SEE ATTACHED) $ 613,994.00 $ 337,105.00 $ 951,099.00 ------------------------------------------------------------------------------------------------------------------- 17. NON-OPERATING EXPENSE $ - ------------------------------------------------------------------------------------------------------------------- 18. INTEREST EXPENSE $ 62,105.00 $ 43,911.00 $ 44,228.00 $ 150,244.00 ------------------------------------------------------------------------------------------------------------------- 19. DEPRECIATION / DEPLETION $ 142,357.00 $ 144,755.00 $ 157,236.00 $ 444,348.00 ------------------------------------------------------------------------------------------------------------------- 20. AMORTIZATION $ - ------------------------------------------------------------------------------------------------------------------- 21. OTHER - (Loss on Sales of Equipment) $ (193.00) $ (193.00) ------------------------------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES $ 409,339.00 $ (188,666.00) $ 135,641.00 $ 356,314.00 =================================================================================================================== REORGANIZATION EXPENSES ------------------------------------------------------------------------------------------------------------------- 23. PROFESSIONAL FEES $ 41,813.00 $ 41,813.00 ------------------------------------------------------------------------------------------------------------------- 24. U.S. TRUSTEE FEES $ 250.00 $ 250.00 ------------------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $ - ------------------------------------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES $ - $ - $ 42,063.00 $ 42,063.00 =================================================================================================================== 27. INCOME TAX =================================================================================================================== 28. NET PROFIT (LOSS) $ 637,576.00 $ 127,256.00 $ 478,985.00 $ 1,243,817.00 ===================================================================================================================
Income Statement - ------------------------------------ CASE NAME: DataVoN, Inc. Et al Monthly Operating Report - ------------------------------------ ACCRUAL BASIS - 3 - ------------------------------------ CASE NUMBER: 02-38600-RCM 10/14/02, RWD, 02/96 & 07/99 - ------------------------------------
========================================================================================================================= CASH RECEIPTS AND DISBURSEMENTS MONTH MONTH MONTH QUARTER ---------------- ---------------- ---------------- ---------------- Sep 2002 Oct 2002 Nov 2002 TOTALS ========================================================================================================================= 1. CASH - BEGINNING OF MONTH $ 299,102.00 $ 21,522.00 $ 1,126,354.00 $ 1,446,978.00 ========================================================================================================================= RECEIPTS FROM OPERATIONS - ------------------------------------------------------------------------------------------------------------------------- 2. CASH SALES $ - ========================================================================================================================= COLLECTION OF ACCOUNTS RECEIVABLE - ------------------------------------------------------------------------------------------------------------------------- 3. PREPETITION $ 2,166,053.00 $ 2,964,999.00 $ 15,212.31 $ 5,146,264.31 - ------------------------------------------------------------------------------------------------------------------------- 4. POSTPETITION $ - $ 46,266.00 $ 3,567,781.22 $ 3,614,047.22 - ------------------------------------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $ 2,166,053.00 $ 3,011,265.00 $ 3,582,993.53 $ 8,760,311.53 ========================================================================================================================= NON-OPERATING RECEIPTS - ------------------------------------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $ - $ - - ------------------------------------------------------------------------------------------------------------------------- 7. SALE OF ASSETS $ - $ - - ------------------------------------------------------------------------------------------------------------------------- 8. OTHER (SEE ATTACHED) $ - $ 61,243.00 $ 32,402.33 $ 93,645.33 - ------------------------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS $ - $ 61,243.00 $ 32,402.33 $ 93,645.33 ========================================================================================================================= 10. TOTAL RECEIPTS $ 2,166,053.00 $ 3,072,508.00 $ 3,615,395.86 $ 8,853,956.86 ========================================================================================================================= 11. TOTAL CASH AVAILABLE $ 2,465,155.00 $ 3,094,030.00 $ 4,741,749.86 $ 10,300,934.86 ========================================================================================================================= OPERATING DISBURSEMENTS - ------------------------------------------------------------------------------------------------------------------------- 12. NET PAYROLL $ 207,879.00 $ 159,550.00 $ 190,336.49 $ 557,765.49 - ------------------------------------------------------------------------------------------------------------------------- 13. PAYROLL TAXES PAID $ 10,809.00 $ 10,120.00 $ 10,791.59 $ 31,720.59 - ------------------------------------------------------------------------------------------------------------------------- 14. SALES, USE & OTHER TAXES PAID $ 714.00 $ 714.00 - ------------------------------------------------------------------------------------------------------------------------- 15. SECURED / RENTAL / LEASES $ 24,561.00 $ 49,044.48 $ 73,605.48 - ------------------------------------------------------------------------------------------------------------------------- 16. UTILITIES $ 661.00 $ 23.06 $ 684.06 - ------------------------------------------------------------------------------------------------------------------------- 17. INSURANCE $ 18,882.00 $ 19,944.00 $ 14,255.00 $ 53,081.00 - ------------------------------------------------------------------------------------------------------------------------- 18. INVENTORY PURCHASES - (Telecom Services) $ 1,874,979.00 $ 1,743,560.00 $ 2,068,096.18 $ 5,686,635.18 - ------------------------------------------------------------------------------------------------------------------------- 19. VEHICLE EXPENSES $ - - ------------------------------------------------------------------------------------------------------------------------- 20. TRAVEL $ 1,700.00 $ 3,477.26 $ 5,177.26 - ------------------------------------------------------------------------------------------------------------------------- 21. ENTERTAINMENT $ - - ------------------------------------------------------------------------------------------------------------------------- 22. REPAIRS & MAINTENANCE $ 243.00 $ 243.00 - ------------------------------------------------------------------------------------------------------------------------- 23. SUPPLIES $ - - ------------------------------------------------------------------------------------------------------------------------- 24. ADVERTISING $ 4,000.00 $ 4,000.00 - ------------------------------------------------------------------------------------------------------------------------- 25. OTHER (SEE ATTACHED) $ 299,448.00 $ 34,259.00 $ 83,086.97 $ 416,793.97 - ------------------------------------------------------------------------------------------------------------------------- 26. TOTAL OPERATING DISBURSEMENTS $ 2,443,633.00 $ 1,967,676.00 $ 2,419,111.03 $ 6,830,420.03 ========================================================================================================================= REORGANIZATION EXPENSES - ------------------------------------------------------------------------------------------------------------------------- 27. PROFESSIONAL FEES $ - $ - - ------------------------------------------------------------------------------------------------------------------------- 28. U.S. TRUSTEE FEES $ - $ 250.00 $ 250.00 - ------------------------------------------------------------------------------------------------------------------------- 29. OTHER (ATTACH LIST) $ - $ - - ------------------------------------------------------------------------------------------------------------------------- 30. TOTAL REORGANIZATION EXPENSES $ - $ - $ 250.00 $ 250.00 ========================================================================================================================= 31. TOTAL DISBURSEMENTS $ 2,443,633.00 $ 1,967,676.00 $ 2,419,361.03 $ 6,830,670.03 ========================================================================================================================= 32. NET CASH FLOW $ (277,580.00) $ 1,104,832.00 $ 1,196,034.83 $ 2,023,286.83 ========================================================================================================================= 33. CASH - END OF MONTH $ 21,522.00 $ 1,126,354.00 $ 2,322,388.83 =========================================================================================================================
Cash Receipts
- --------------------------------------- CASE NAME: - --------------------------------------- Monthly Operating Report ACCRUAL BASIS - 4 - --------------------------------------- CASE NUMBER: 10/14/02, RWD, 02/96 & 07/99 - --------------------------------------- ==================================================================================================================================== ACCOUNTS RECEIVABLE AGING MONTH MONTH MONTH SCHEDULE --------------------------------------------------------------- AMOUNT Sep-02 Oct-02 Nov-02 ==================================================================================================================================== 1. 0 - 30 $2,536,541.00 $3,819,903.00 $3,540,396.00 $3,001,080.00 - ------------------------------------------------------------------------------------------------------------------------------------ 2. 31 - 60 $ 496,600.00 $ 70,510.00 $ 248,798.00 $ 111,873.00 - ------------------------------------------------------------------------------------------------------------------------------------ 3. 61 - 90 $ 54,942.00 $ 5,775.00 $ 63,346.00 $ 95,440.00 - ------------------------------------------------------------------------------------------------------------------------------------ 4. 91+ $ 468,079.00 $ 514,663.00 $ 568,338.00 $1,356,981.00 - ------------------------------------------------------------------------------------------------------------------------------------ 5. TOTAL ACCOUNTS RECEIVABLE $3,556,162.00 $4,410,851.00 $4,420,878.00 $4,565,374.00 - ------------------------------------------------------------------------------------------------------------------------------------ 6. AMOUNT CONSIDERED UNCOLLECTIBLE $ 635,242.00 $ 635,242.00 $ 683,242.00 $ 731,242.00 - ------------------------------------------------------------------------------------------------------------------------------------ 7. ACCOUNTS RECEIVABLE (NET) $2,920,920.00 $3,775,609.00 $3,737,636.00 $3,834,132.00 - ------------------------------------------------------------------------------------------------------------------------------------ ======================================= AGING OF POSTPETITION TAXES AND MONTH: Nov-02 PAYABLES --------------------------------- ==================================================================================================================================== TAXES PAYABLE 0 - 30 31 - 60 61 - 90 91+ TOTAL DAYS DAYS DAYS DAYS ==================================================================================================================================== 1. FEDERAL $ - - ------------------------------------------------------------------------------------------------------------------------------------ 2. STATE $ - - ------------------------------------------------------------------------------------------------------------------------------------ 3. LOCAL $ - - ------------------------------------------------------------------------------------------------------------------------------------ 4. OTHER (ATTACH LIST) $ - - ------------------------------------------------------------------------------------------------------------------------------------ 5. TOTAL TAXES PAYABLE $ - $ - $ - $ - ==================================================================================================================================== ==================================================================================================================================== 6. ACCOUNTS PAYABLE $1,000,498.00 $1,000,498.00 ==================================================================================================================================== ======================================= STATUS OF POSTPETITION TAXES MONTH: 02-Nov --------------------------------- ==================================================================================================================================== TAXES PAYABLE BEGINNING TAX AMOUNT WITHHELD AMOUNT PAID ENDING TAX LIABILITY* AND OR ACCRUED LIABILITY ==================================================================================================================================== 1. WITHHOLDING** $ - - ---------------------------------------------------------------------------------------------------------------- 2. FICA-EMPLOYEE** $ - - ---------------------------------------------------------------------------------------------------------------- 3. FICA-EMPLOYER** $ - - ---------------------------------------------------------------------------------------------------------------- 4. UNEMPLOYMENT $ - - ------------------------------------------------------------------------------------------------------------------------------------ 5. INCOME - ------------------------------------------------------------------------------------------------------------------------------------ 6. OTHER (ATTACH LIST) - ------------------------------------------------------------------------------------------------------------------------------------ 7. TOTAL FEDERAL TAXES $ - $ - $ - ==================================================================================================================================== STATE AND LOCAL - ------------------------------------------------------------------------------------------------------------------------------------ 8. WITHHOLDING - ------------------------------------------------------------------------------------------------------------------------------------ 9. SALES - ------------------------------------------------------------------------------------------------------------------------------------ 10. EXCISE - ------------------------------------------------------------------------------------------------------------------------------------ 11. UNEMPLOYMENT - ------------------------------------------------------------------------------------------------------------------------------------ 12. REAL PROPERTY - ------------------------------------------------------------------------------------------------------------------------------------ 13. PERSONAL PROPERTY $ - $ 26,523.00 $ - $ 26,523.00 - ------------------------------------------------------------------------------------------------------------------------------------ 14. OTHER (ATTACH LIST) - ------------------------------------------------------------------------------------------------------------------------------------ 15. TOTAL STATE & LOCAL $ - $ 26,523.00 $ - $ 26,523.00 ==================================================================================================================================== 16. TOTAL TAXES $ - $ 26,523.00 $ - $ 26,523.00 ====================================================================================================================================
* The beginning tax liability should represent the liability from the prior month or if this is the first operating report, the amount should be zero. ** Attach photocopies of IRS Form 6123 or your EID coupon and payment receipt to verify payment or deposit Acct Rec. - Taxes
======================================= CASE NAME: DataVoN, Inc. Et al Monthly Operating Report - --------------------------------------- ACCRUAL BASIS - 5 - --------------------------------------- CASE NUMBER: 02-38600-RCM 10/14/02, RWD, 02/96 & 07/99 ======================================= The debtor in possssion must complete the reconciliation below for each bank account, including all general, payroll and tax accounts, as well as all savings and investment accounts, money market accounts, certificates of deposit, government obligations, etc. Accounts with restricted funds should be identified by placing an asterisk next to the account number. Attach additional sheets if necessary. ======================================= BANK RECONCILIATION MONTH: 30-Nov-02 ---------------------------------------------------------- ACCOUNT #1 ACCOUNT #2 ACCOUNT #3 ==================================================================================================================================== A. BANK Bank of Texas - ------------------------------------------------------------------------------------------------------------ B. ACCOUNT NUMBER: 2891009041 TOTAL - ------------------------------------------------------------------------------------------------------------ C. PURPOSE (TYPE): DIP Operating ==================================================================================================================================== 1. BALANCE PER BANK STATEMENT $ 1,164.54 $ 1,164.54 - ------------------------------------------------------------------------------------------------------------======================== 2. ADD: TOTAL DEPOSITS NOT CREDITED $ - - ------------------------------------------------------------------------------------------------------------======================== 3. SUBTRACT OUTSTANDING CHECKS $ - - ------------------------------------------------------------------------------------------------------------======================== 4. OTHER RECONCILING ITEMS $ - - ------------------------------------------------------------------------------------------------------------======================== 5. MONTH END BALANCE PER BOOKS $ 1,164.54 $ - $ 1,164.54 - ------------------------------------------------------------------------------------------------------------======================== 6. NUMBER OF LAST CHECK WRITTEN ==================================================================================================================================== ======================================= INVESTMENT ACCOUNTS ==================================================================================================================================== BANK, ACCOUNT NAME & NUMBER DATE OF TYPE OF PURCHASE PRICE CURRENT VALUE PURCHASE INSTRUMENT ==================================================================================================================================== 7. NONE - ------------------------------------------------------------------------------------------------------------------------------------ 8. - ------------------------------------------------------------------------------------------------------------------------------------ 9. - ------------------------------------------------------------------------------------------------------------------------------------ 10. - ------------------------------------------------------------------------------------------------------------------------------------ 11. TOTAL INVESTMENTS NONE ==================================================================================================================================== ======================================= CASH ==================================================================================================================================== 12. CURRENCY ON HAND NONE ==================================================================================================================================== 13. TOTAL CASH - END OF MONTH $ 2,322,389.21 ====================================================================================================================================
============================================================ CASE NAME: DataVoN, Inc. Et al Monthly Operating Report - ------------------------------------------------------------ ACCRUAL BASIS - 6 - ------------------------------------------------------------ CASE NUMBER: 02-38600-RCM 10/14/02, RWD, 02/96 & 07/99 ============================================================ ============================================================ PAYMENTS TO INSIDERS AND PROFESSIONALS MONTH: Nov-02 ============================================================ ------------------------ Of the total disbursements shown for the month, list the amount paid to Insiders (as defined in Section 101 (31) (A) - (F) of the U.S. Bankruptcy Code) and to Professionals. Also, for payments to Insiders, identify the type of compensation paid (e.g. Salary, Bonus, Commissions, Insurance, Housing Allowance, Travel, Car Allowance, etc.) attach additional sheets if necessary. ============================================================================================= INSIDERS ============================================================================================= NAME TYPE OF PAYMENT AMOUNT PAID TOTAL PAID TO DATE ============================================================================================= 1. W Britt Birdwell Salary $ 10,000.00 - --------------------------------------------------------------------------------------------- 2. Michael Donahoe Salary $ 11,917.00 - --------------------------------------------------------------------------------------------- 3. Chad Frazier Salary $ 11,917.00 - --------------------------------------------------------------------------------------------- 4. Robert Birdwell Salary $ 5,000.00 - --------------------------------------------------------------------------------------------- 5. Rodney Jones Salary $ 11,917.00 - --------------------------------------------------------------------------------------------- 6. Larry Dewey Salary $ 10,833.00 - --------------------------------------------------------------------------------------------- 7. TOTAL PAYMENTS TO INSIDERS $61,584.00 ============================================================================================= ==================================================================================================================================== PROFESSIONALS ==================================================================================================================================== NAME DATE OF COURT TOTAL ORDER AMOUNT AMOUNT PAID TOTAL PAID TO INCURRED & AUTHORIZING APPROVED DATE UNPAID* PAYMENT ==================================================================================================================================== 1. - ------------------------------------------------------------------------------------------------------------------------------------ 2. - ------------------------------------------------------------------------------------------------------------------------------------ 3. - ------------------------------------------------------------------------------------------------------------------------------------ 4. - ------------------------------------------------------------------------------------------------------------------------------------ 5. - ------------------------------------------------------------------------------------------------------------------------------------ 6. TOTAL PAYMENTS TO PROFESSIONALS $ - $ - $ - $ - ==================================================================================================================================== *INCLUDE ALL FEES INCURRED. BOTH APPROVED AND UNAPPROVED ============================================================================================= POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE, AND ADEQUATE PROTECTION PAYMENTS. ============================================================================================= ============================================================================================= NAME OF CREDITOR SCHEDULED AMOUNTS PAID TOTAL UNPAID MONTHLY DURING MONTH POSTPETITION PAYMENTS DUE ============================================================================================= 1. Lee Barton $ - $ 1,000,000.00 - --------------------------------------------------------------------------------------------- 2. Tim Terrell $ - $ 500,000.00 - --------------------------------------------------------------------------------------------- 3. Transcom Communications, Inc. $ - $ 1,192,229.00 - --------------------------------------------------------------------------------------------- 4. Regions Bank $ - $ 346,242.00 - --------------------------------------------------------------------------------------------- 5. Dell Financial Services $ 20,476.64 - --------------------------------------------------------------------------------------------- 6. Gulfcoast Leasing $ 10,000.00 - --------------------------------------------------------------------------------------------- 7. Cit Financial $ 1,076.50 - --------------------------------------------------------------------------------------------- 8. TOTAL $ - $ 31,553.14 $ 3,038,471.00 =============================================================================================
Indiders Profess.
====================================== CASE NAME: DataVoN, Inc. Et al Monthly Operating Report - -------------------------------------- ACCRUAL BASIS - 7 - -------------------------------------- CASE NUMBER: 02-38600-RCM 10/14/02, RWD, 02/96 & 07/99 ====================================== MONTH: Nov-02 ---------------------------- ==================================================================================================================================== QUESTIONNAIRE ==================================================================================================================================== YES NO - ------------------------------------------------------------------------------------------------------------------------------------ 1. HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE THE NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD? X - ------------------------------------------------------------------------------------------------------------------------------------ 2. HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT OTHER THAN A DEBTOR IN POSSESSION ACCOUNT? X - ------------------------------------------------------------------------------------------------------------------------------------ 3. ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES, OR LOANS) DUE FROM RELATED PARTIES? X - ------------------------------------------------------------------------------------------------------------------------------------ 4. HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES THIS REPORTING PERIOD? - ------------------------------------------------------------------------------------------------------------------------------------ 5. HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE DEBTOR FROM ANY PARTY? X - ------------------------------------------------------------------------------------------------------------------------------------ 6. ARE ANY POSTPETITION PAYROLL TAXES PAST DUE? X - ------------------------------------------------------------------------------------------------------------------------------------ 7. ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES PAST DUE? X - ------------------------------------------------------------------------------------------------------------------------------------ 8. ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE? X - ------------------------------------------------------------------------------------------------------------------------------------ 9. ARE ANY OTHER POSTPETITION TAXES PAST DUE? X - ------------------------------------------------------------------------------------------------------------------------------------ 10. ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS DELINQUENT? X - ------------------------------------------------------------------------------------------------------------------------------------ 11. HAVE ANY PREPETITION TAXES BEEN PAID DURING THE REPORTING PERIOD? X - ------------------------------------------------------------------------------------------------------------------------------------ 12. ARE ANY WAGE PAYMENTS PAST DUE? X - ------------------------------------------------------------------------------------------------------------------------------------ IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "YES," PROVIDE A DETAILED EXPLANATION OF EACH ITEM. ATTACH ADDITIONAL SHEETS IF NECESSARY. - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ ==================================================================================================================================== INSURANCE ==================================================================================================================================== YES NO ==================================================================================================================================== 1. ARE WORKER'S COMPENSATION, GENERAL LIABILITY AND OTHER NECESSARY INSURANCE COVERAGES IN EFFECT? X - ------------------------------------------------------------------------------------------------------------------------------------ 2. ARE ALL PREMIUM PAYMENTS PAID CURRENT? X - ------------------------------------------------------------------------------------------------------------------------------------ 3. PLEASE ITEMIZE POLICIES BELOW - ------------------------------------------------------------------------------------------------------------------------------------ IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "NO," OR IF ANY POLICIES HAVE BEEN CANCELLED OR NOT RENEWED DURING THIS REPORTING PERIOD. PROVIDE AN EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY. - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ ==================================================================================================================================== INSTALLMENT PAYMENTS ==================================================================================================================================== TYPE OF POLICY CARRIER PERIOD COVERED PAYMENT AMOUNT & FREQUENCY - ------------------------------------------------------------------------------------------------------------------------------------ General Liability, Workers Comp St Paul Insurance 7-02 to 7-03 - ------------------------------------------------------------------------------------------------------------------------------------ Group Health Principal Financial Group 8-02 to 8-03 - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------
Questionnaire Case Name Datavon, Inc. Et al Case Number 02-38600-RCM Monthly Operating Report Supporting Schedules - Comparative Balance Sheet Month Ended November 30, 2002 Comparative Balance Sheet Note - The Company's operating reports are prepared using generally accepted accounting principles. The Debtor's schedules were prepared under another basis of accounting. Accordingly, some discrepancies are due to the use of different accounting methods. Line 4 - Accounts Receivable The accounts receivable per the Debtor's schedule may not include all accrued but unbilled receivables at September 30, 2002. Discrepancies are currently being researched by the new VP of Finance and, if necessary, an adjustment will be made to the Debtor's schedule and/or operating report when all information becomes available.
Sep 2002 Oct 2002 Nov 2002 ----------------- ---------------- ---------------- Line 24 - Secured Debt Note Payable - Lee Barton 1,000,000 1,000,000 1,000,000 Note Payable - Tim Terrell 500,000 500,000 500,000 Note Payable - Regions Bank 346,242 346,242 346,242 Note Payable - Transcom Communications,Inc Account Payable - Transcom Communications,Inc 1,192,229 1,192,229 1,192,229 --------------------------------------------------------- Totals 3,038,471 3,038,471 3,038,471 ========================================================= Line 27 - Other Prepetition Liabilities Capitalized Lease Obligations CIT - Copier 19,953 19,953 18,877 Gulfcoast - Telecom Equipment 72,000 72,000 66,000 Sun Microsystems - Telecom Equipment 138,826 138,826 138,826 Cisco Systems Capital - Telecom Equipment 2,417,412 2,417,412 2,417,412 VAResourses 57,421 57,421 57,421 Dell Financial Services 100,507 100,507 82,308 --------------------------------------------------------- Totals 2,806,119 2,806,119 2,780,844 =========================================================
Case Name Datavon, Inc. Et al Case Number 02-38600-RCM Monthly Operating Report Supporting Schedules - Income Statement Month Ended November 30, 2002
Sep 2002 Oct 2002 Nov 2002 ----------------- ---------------- ---------------- Other Income & Expense Line 16 - Non-Operating Income Payable Correction 613,994 ================= Equipment Received from Cisco Systems under Settlement Agreement 337,105 ================
Case Name Datavon, Inc. Et al Case Number 02-38600-RCM Monthly Operating Report Supporting Schedules - Cash Receipts and Disbursements Month Ended November 30, 2002
Oct 2002 Nov 2002 ---------------- ---------------- Line 8 - Other Non-operating Receipts Customer Deposits 60,000 29,750 Employee Reimbursements 1,243 1,872 Vendor Reimbursements 780 ------------------------------------- 61,243 32,402 ------------------------------------- Line 25 - Other Operating Disbursements Contracted Services 19,002 56,102 Office Expense 2,219 16,970 Pension Cost 7,449 Bank Charges 4 235 Employee Advance 856 Postage Deposit 600 Equipment Purchases 8,000 Fees 20 Telephone 3,578 2,310 ------------------------------------- TOTALS 34,259 83,086 =====================================
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