EX-99.1 3 dex991.htm MONTHLY OPERATING REPORT Monthly Operating Report

 

EXHIBIT 99.1

 

Monthly Operating Report

 

ACCRUAL BASIS—1

10/14/02, RWD, 02/96 & 07/99

 

CASE NAME: DataVoN, Inc. Et al

                                    

CASE NUMBER: 02-38600-RCM

                                    

COMPARATIVE BALANCE SHEET

   

Amended SCHEDULE AMOUNT

     

MONTH
Dec 2002

     

MONTH
Jan 2003

     

MONTH
Feb 2003

  

ASSETS

                                    

1.   UNRESTRICTED CASH

   

$

21,523.00

 

   

$

2,270,162.00

 

   

$

2,016,252.00

 

   

$

1,607,799.00

 

2.   RESTRICTED CASH

   

$

—  

 

                           

3.   TOTAL CASH

   

$

21,523.00

 

   

$

2,270,162.00

 

   

$

2,016,252.00

 

   

$

1,607,799.00

 

    
  
  
  

4.   ACCOUNTS RECEIVABLE (NET)

   

$

4,403,351.00

 

   

$

3,151,081.00

 

   

$

3,726,354.00

 

   

$

3,090,552.00

 

5.   INVENTORY

   

$

—  

 

                           

6.   NOTES RECEIVABLE

   

$

—  

 

                           

7.   PREPAID EXPENSES

   

$

394,130.00

 

   

$

165,710.00

 

   

$

70,785.00

 

   

$

173,198.00

 

8.   OTHER

   

$

—  

 

                           

9.   TOTAL CURRENT ASSETS

   

$

4,819,004.00

 

   

$

5,586,953.00

 

   

$

5,813,391.00

 

   

$

4,871,549.00

 

    
  
  
  

10. PROPERTY, PLANT & EQUIPMENT

            

$

8,551,312.00

 

   

$

9,004,408.00

 

   

$

8,989,763.00

 

11. LESS: ACCUMULATED DEPRECIATION/DEPLETION

   

$

—  

 

   

$

2,506,662.00

 

   

$

2,682,988.00

 

   

$

2,861,563.00

 

12. NET PROPERTY, PLANT & EQUIPMENT

   

$

4,636,629.00

 

   

$

6,044,650.00

 

   

$

6,321,420.00

 

   

$

6,128,200.00

 

    
  
  
  

13. DUE FROM INSIDERS

   

$

17,833.00

 

   

$

14,020.00

 

   

$

14,444.00

 

   

$

14,468.00

 

14. OTHER ASSETS—Lease Deposits

   

$

222,123.00

 

   

$

177,492.00

 

   

$

168,733.00

 

   

$

119,665.00

 

15. OTHER—Cisco Systems Equipment Purchase Credit

   

$

1,200,000.00

 

                           

16. TOTAL ASSETS

   

$

10,895,589.00

 

   

$

11,823,115.00

 

   

$

12,317,988.00

 

   

$

11,133,882.00

 

    
  
  
  

POSTPETITION LIABILITIES

              

17. ACCOUNTS PAYABLE

            

$

1,379,425.00

 

   

$

3,073,606.00

 

   

$

2,226,383.00

 

18. TAXES PAYABLE—Property

            

$

44,929.00

 

   

$

44,929.00

 

   

$

42,418.00

 

19. NOTES PAYABLE

                                    

20. PROFESSIONAL FEES

                                    

21. SECURED DEBT

                                    

22. OTHER (ATTACH LIST)

                                    

23. TOTAL POSTPETITION LIABILITIES

   

$

—  

 

   

$

1,424,354.00

 

   

$

3,118,535.00

 

   

$

2,268,801.00

 

    
  
  
  

PREPETITION LIABILITIES

              

24. SECURED DEBT

   

$

3,038,472.00

 

   

$

3,150,505.00

 

   

$

3,069,658.00

 

   

$

2,706,661.00

 

25. PRIORITY DEBT

   

$

57,079.00

 

   

$

57,079.00

 

   

$

57,079.00

 

   

$

57,079.00

 

26. UNSECURED DEBT

   

$

10,341,330.00

 

   

$

10,005,554.00

 

   

$

9,411,093.00

 

   

$

9,793,495.00

 

27. OTHER

                                    

28. TOTAL PREPETITION LIABILITIES

   

$

13,436,881.00

 

   

$

13,213,138.00

 

   

$

12,537,830.00

 

   

$

12,557,235.00

 

    
  
  
  

29. TOTAL LIABILITIES

   

$

13,436,881.00

 

   

$

14,637,492.00

 

   

$

15,656,365.00

 

   

$

14,826,036.00

 

    
  
  
  

EQUITY

              

30. PREPETITION OWNERS' EQUITY

   

$

(2,541,292.00

)

   

$

(3,944,869.00

)

   

$

(3,944,869.00

)

   

$

(3,944,869.00

)

31. POSTPETITION CUMULATIVE PROFIT (LOSS)

            

$

1,194,714.00

 

   

$

670,714.00

 

   

$

316,937.00

 

32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION)

            

$

(64,222.00

)

   

$

(64,222.00

)

   

$

(64,222.00

)

33. TOTAL EQUITY

   

$

(2,541,292.00

)

   

$

(2,814,377.00

)

   

$

(3,338,377.00

)

   

$

(3,692,154.00

)

    
  
  
  

34. TOTAL LIABILITIES & OWNERS’ EQUITY

   

$

10,895,589.00

 

   

$

11,823,115.00

 

   

$

12,317,988.00

 

   

$

11,133,882.00

 

    
  
  
  

Monthly Operating Report

 

ACCRUAL BASIS—3

 

CASE NAME: DataVoN, Inc. Et al

                                    

CASE NUMBER: 02-38600-RCM

                                    

CASH RECEIPTS AND DISBURSEMENTS

   

MONTH

Dec 2002

     

MONTH

Jan 2003

     

MONTH

Feb 2003

     

QUARTER TOTALS

  

1. CASH—BEGINNING OF MONTH

   

$

2,322,388.83

 

   

$

2,270,161.93

 

   

$

2,016,252.09

 

   

$

2,322,388.83

 

    
  
  
  

RECEIPTS FROM OPERATIONS

                                    

2. CASH SALES

                              

$

—  

 

    
  
  
  

COLLECTION OF ACCOUNTS RECEIVABLE

              

3. PREPETITION

                              

$

—  

 

4. POSTPETITION

   

$

3,165,469.00

 

   

$

2,928,925.58

 

   

$

3,164,148.36

 

   

$

9,258,542.94

 

5. TOTAL OPERATING RECEIPTS

   

$

3,165,469.00

 

   

$

2,928,925.58

 

   

$

3,164,148.36

 

   

$

9,258,542.94

 

    
  
  
  

NON-OPERATING RECEIPTS

              

6. LOANS & ADVANCES (ATTACH LIST)

   

$

—  

 

                     

$

—  

 

7. SALE OF ASSETS

   

$

—  

 

                     

$

—  

 

8. OTHER (SEE ATTACHED)

   

$

17,908.94

 

   

$

2,866.51

 

   

$

3,724.46

 

   

$

24,499.91

 

9. TOTAL NON-OPERATING RECEIPTS

   

$

17,908.94

 

   

$

2,866.51

 

   

$

3,724.46

 

   

$

24,499.91

 

    
  
  
  

10. TOTAL RECEIPTS

   

 

$3,183,377.94

 

   

 

$2,931,792.09

 

   

 

$3,167,872.82

 

   

 

$9,283,042.85

 

    
  
  
  

11. TOTAL CASH AVAILABLE

   

 

$5,505,766.77

 

   

 

$5,201,954.02

 

   

 

$5,184,124.91

 

   

 

$11,605,431.68

 

    
  
  
  

OPERATING DISBURSEMENTS

              

12. NET PAYROLL

   

$

218,089.96

 

   

$

198,402.14

 

   

$

189,000.83

 

   

$

605,492.93

 

13. PAYROLL TAXES PAID

   

$

11,863.09

 

   

$

25,455.85

 

   

$

17,737.65

 

   

$

55,056.59

 

14. SALES, USE & OTHER TAXES PAID

                              

$

—  

 

15. SECURED / RENTAL / LEASES

   

$

93,183.05

 

   

$

51,850.12

 

   

$

180,325.56

 

   

$

325,358.73

 

16. UTILITIES

   

$

321.70

 

   

$

1,001.16

 

   

$

1,820.61

 

   

$

3,143.47

 

17. INSURANCE

   

$

16,265.34

 

   

$

16,774.80

 

   

$

92,902.78

 

   

$

125,942.92

 

18. INVENTORY PURCHASES—(Telecom Services)

   

$

2,581,443.25

 

   

$

2,334,776.15

 

   

$

2,647,108.37

 

   

$

7,563,327.77

 

19. VEHICLE EXPENSES

                              

$

—  

 

20. TRAVEL

   

$

11,661.24

 

   

$

7,072.00

 

   

$

9,115.81

 

   

$

27,849.05

 

21. ENTERTAINMENT

                              

$

—  

 

22. REPAIRS & MAINTENANCE

                              

$

—  

 

23. SUPPLIES

                              

$

—  

 

24. ADVERTISING

                              

$

—  

 

25. OTHER (SEE ATTACHED)

   

$

302,777.21

 

   

$

541,619.71

 

   

$

436,314.05

 

   

$

1,280,710.97

 

26. TOTAL OPERATING DISBURSEMENTS

   

 

$3,235,604.84

 

   

 

$3,176,951.93

 

   

 

$3,574,325.66

 

   

 

$9,986,882.43

 

    
  
  
  

REORGANIZATION EXPENSES

              

27. PROFESSIONAL FEES

   

$

—  

 

                     

$

—  

 

28. U.S. TRUSTEE FEES

            

$

8,750.00

 

   

$

2,000.00

 

   

$

10,750.00

 

29. OTHER (ATTACH LIST)

   

$

—  

 

                     

$

—  

 

30. TOTAL REORGANIZATION EXPENSES

   

$

—  

 

   

$

8,750.00

 

   

$

2,000.00

 

   

$

10,750.00

 

    
  
  
  

31. TOTAL DISBURSEMENTS

   

$

3,235,604.84

 

   

$

3,185,701.93

 

   

$

3,576,325.66

 

   

$

9,997,632.43

 

    
  
  
  

32. NET CASH FLOW

   

$

(52,226.90

)

   

$

(253,909.84

)

   

$

(408,452.84

)

   

$

(714,589.58

)

    
  
  
  

33. CASH—END OF MONTH

   

$

2,270,161.93

 

   

$

2,016,252.09

 

   

$

1,607,799.25

 

   

$

1,607,799.25

 

    
  
  
  

 

Monthly Operating Report

 

ACCRUAL BASIS—4

 

10/14/02, RWD, 02/96 & 07/99

 

CASE NAME: DataVoN, Inc. Et Al

                            

CASE NUMBER: 02-38600-RCM

                            

ACCOUNTS RECEIVABLE AGING

   

SCHEDULE AMOUNT

   

MONTH

Dec-02

   

MONTH

Jan-03

   

MONTH

Feb-03

1. 0—30

   

$

3,681,749.00

   

$

2,947,400.00

   

$

3,532,104.23

   

$

3,008,248.04

2. 31—60

   

$

69,528.00

   

$

116,431.00

   

$

129,902.85

   

$

91,023.78

3. 61—90

   

$

633,545.00

   

$

54,153.00

   

$

53,809.80

   

$

33,044.44

4. 91+

   

$

653,771.00

   

$

795,921.00

   

$

801,361.20

   

$

741,564.12

5. TOTAL ACCOUNTS RECEIVABLE

   

$

5,038,593.00

   

$

3,913,905.00

   

$

4,517,178.08

   

$

3,873,880.38

    
  
  
  

6. AMOUNT CONSIDERED UNCOLLECTIBLE

   

$

635,242.00

   

$

762,824.00

   

$

790,824.37

   

$

783,328.24

7. ACCOUNTS RECEIVABLE (NET)

   

$

4,403,351.00

   

$

3,151,081.00

   

$

3,726,353.71

   

$

3,090,552.14

    
  
  
  

 

MONTH: Feb-03

 

AGING OF POSTPETITION TAXES AND PAYABLES

                                   
TAXES PAYABLE   

0-30 DAYS

   

31-60 DAYS

   

61-90 DAYS

   

91+ DAYS

   

TOTAL

1. FEDERAL

          

$

—  

                     

2. STATE

          

$

—  

                     

3. LOCAL

          

$

—  

                     

4. OTHER (ATTACH LIST)

          

$

—  

                     

5. TOTAL TAXES PAYABLE

   

$

    —  

   

$

    —  

   

$

    —  

   

$

    —  

       
    
  
  
  
  

6. ACCOUNTS PAYABLE

                               

$

    —

    
  
  
  
  

 

MONTH: Feb-03

 

STATUS OF POSTPETITION TAXES

                            
    

BEGINNING TAX LIABILITY*

   

AMOUNT WITHHELD AND OR ACCRUED

   

AMOUNT PAID

   

ENDING TAX LIABILITY

TAXES PAYABLE

                            

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

   

$

—  

   

$

42,418.12

   

$

—  

   

$

42,418.12

14. OTHER (ATTACH LIST)

                            

15. TOTAL STATE & LOCAL

   

$

—  

   

$

42,418.12

   

$

—  

   

$

42,418.12

    
  
  
  

16. TOTAL TAXES

   

$

—  

   

$

42,418.12

   

$

—  

   

$

42,418.12

    
  
  
  

 

*   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

 

Monthly Operating Report

 

ACCRUAL BASIS—5

 

10/14/02, RWD, 02/96 & 07/99

 

CASE NAME: DataVoN, Inc. Et al 02-38600-RCM

CASE NUMBER: 02-38600-RCM

 

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.

 

MONTH: 28-Feb-03

 

BANK RECONCILIATION

                              
    

ACCOUNT #1

     

ACCOUNT #2

     

ACCOUNT #3

     

A. BANK

   

 

Comerica

                       

B. ACCOUNT NUMBER:

   

 

1880831787

                       

C. PURPOSE (TYPE):

   

 

DIP Operating

                   

 

TOTAL

1. BALANCE PER BANK STATEMENT

   

$

784.54

                   

$

784.54

2. ADD: TOTAL DEPOSITS NOT CREDITED

                          

$

—  

3. SUBTRACT OUTSTANDING CHECKS

                          

$

—  

4. OTHER RECONCILING ITEMS

                          

$

—  

5. MONTH END BALANCE PER BOOKS

   

$

784.54

     

$

  —    

          

$

784.54

6. NUMBER OF LAST CHECK WRITTEN

                              

INVESTMENT ACCOUNTS

                              

BANK, ACCOUNT NAME & NUMBER

   

DATE OF PURCHASE

     

TYPE OF INSTRUMENT

     

PURCHASE PRICE

   

CURRENT VALUE

7. NONE

                              

8

                              

9

                              

10

                              

11. TOTAL INVESTMENTS

                          

 

NONE

                           

CASH

                              

12. CURRENCY ON HAND

                          

 

NONE

                           

13. TOTAL CASH—END OF MONTH

                          

$

1,607,799.44

                           

 

Monthly Operating Report

 

ACCRUAL BASIS—6

 

10/14/02, RWD, 02/96 & 07/99

 

MONTH: Feb-03

 

CASE NAME: DataVoN, Inc. Et al

CASE NUMBER: 02-38600-RCM

PAYMENTS TO INSIDERS AND PROFESSIONALS

 

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 ORDER AUTHORIZING PAYMENT

   

AMOUNT APPROVED

   

AMOUNT PAID

   

TOTAL PAID TO DATE

   

TOTAL INCURRED & UNPAID*

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 MONTHLY PAYMENTS DUE

   

AMOUNTS PAID DURING MONTH

   

TOTAL UNPAID POSTPETITION

1. LEE BARTON

   

$

125,000.00

   

$

125,000.00

   

$

825,945.00

2. TIM TERRELL

          

$

—  

   

$

534,027.00

3. TRANSCOM COMMUNICATIONS

          

$

—  

   

$

1,215,969.00

4. REGIONS BANK

   

$

5,000.00

   

$

5,000.00

   

$

70,000.00

5. LEASE OBLIGATIONS—See Schedule

   

$

75,093.00

   

$

16,718.00

   

$

2,663,088.00

6.

                     
    
  
  

7. TOTAL

   

$

205,093.00

   

$

146,718.00

   

$

5,309,029.00

    
  
  

CASE NAME:

  

DataVoN, Inc. et al

      

Monthly Operating Report

   

02-38600-RCM

      

ACCRUAL BASIS – 7

CASE NUMBER:

  

02-38600-RCM

      

10/14/02, RWD, 02/96 & 07/99

       

MONTH:

  

 

Feb-03

 

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?

   

x

     

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

     

4992 mo

Group Health

  

Principal Financial Group

     

8-02 to 8-03

     

9925 mo

                   
                   
                   
                   

 

 

Case Name

  

Datavon, Inc. et al

Case Number

  

02-38600-RCM

Monthly Operating Report

Supporting Schedules—Consolidated Balance Sheet

Month Ended February 28, 2003

 

Consolidated Balance Sheet

 

Note 1   - 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.

 

Note 2   - A vendor is asserting additional charges of approximately $ 350,000 in administrative claims relating to the use of their ports. No accrual for this claim has been made in the accompanying financial statements.

 

    

Dec 2002

   

Jan 2003

   

Feb 2003

Line 32—Direct Charges to Equity

               

Purchase of Stock from Bruce Hawkins—Pre-Petition

   

64,222

   

64,222

   

64,222

    
  
  

 

Case Name

  

Datavon, Inc. et al

Case Number

  

02-38600-RCM

Monthly Operating Report

Supporting Schedules—Consolidated Income Statement

Month Ended February 28, 2003

 

    

Dec 2002

     

Jan 2003

     

Feb 2003

Other Operating Expenses

                   

D & O Insurance—Pre-petition

   

16,038

              

Audit & Accounting—Pre-petition

   

7,055

              

Stockholders Relations—Pre petition

   

10,738

 

          

Legal Fees—Pre petition

   

(14,000

)

          

D & O Insurance

          

77,115

     

Filing Fees

          

1,054

     
    
  
  
    

19,831

 

   

78,169

   

0

    
  
  

Other Income & Expense

                 

Equipment received from Cisco Systems under settlement agreement

   

787,926

 

        

77,543

Interest Income

          

1,237

   

1,417

    
  
  
    

787,926

 

   

1,237

   

78,960

    
  
  

Line 17—Non-Operating Expense

                 

Correction of Prior Period Expenses—Broadwing

          

136,369

     

Correction of Prior Period Expenses—Quest

          

87,975

   

114,005

Write off settlement receivable from Broadwing

   

102,920

 

          

Prepetition adjustment—commissions expense

   

57,079

 

          
    
  
  
    

159,999

 

   

224,344

   

114,005

    
  
  

Case Name

  

Datavon, Inc. et al

Case Number

  

02-38600-RCM

Monthly Operating Report

Supporting Schedules—Cash Receipts and Disbursements

Month Ended February 28, 2003

    

Dec 2002

   

Jan 2003

   

Feb 2003

Line 8—Other Non-operating Receipts

               

Customer Deposits

               

Medical Insurance Reimbursements

   

1,630

   

1,630

   

628

Interest Income

   

642

   

1,237

   

1,417

Bank Reimbursement

             

1,679

Vendor Reimbursements

   

15,637

          
    
  
  
    

17,909

   

2,867

   

3,724

    
  
  

Line 25—Other Operating Disbursements

               

Contracted Services

   

81,590

   

61,604

   

73,708

 

Office Expense

   

7,017

   

21,012

   

5,553

Pension Cost

   

6,648

   

10,873

   

10,421

Employee Advance

        

530

     

Note Payment—Lee Barton

        

125,000

   

125,000

Note Payment—Regions Bank

             

5,000

Equipment Purchases

   

204,658

   

201,600

   

116,632

Prepayment—Telecom Services

             

100,000

Settlement Contract Payment—Broadwing

        

120,000

     

Fees

               

Bank Charges

   

1,198

   

1,000

     

Telephone

   

1,666

          
    
  
  
    

302,777

   

541,619

   

436,314

    
  
  

Case Name

  

Datavon, Inc. et al

Case Number

  

02-38600-RCM

Monthly Operating Report

Supporting Schedules—PostPetition Status of Leases

Month Ended February 28, 2003

    

    Company

   

Scheduled Payment

     

Amount Paid During Month

   

Total Unpaid

Cisco Systems Capitalized Leases

   

DataVoN, Inc.

   

54,692

          

2,450,559

CIT—Lanier

   

DataVoN, Inc.

   

1,076

          

19,702

Gulfcoast Leasing

   

DataVoN, Inc.

   

6,000

     

6,000

   

48,000

VAResources

   

Video Intelligence, Inc.

   

1,757

          

66,867

VAResources

   

Video Intelligence, Inc.

   

850

          

17,968

Dell Financial Services

   

DTVN Holdings, Inc.

   

10,238

     

10,238

   

57,116

Telogy

        

480

     

480

   

2,876

         
    
  
         

75,093

     

16,718

   

2,663,088