EX-99.1 3 dex991.htm MONTHLY OPERATING REPORT AND SUPPORTING SCHEDULES OF DATAVON, INC. Monthly Operating Report and Supporting Schedules of DataVon, Inc.

 

EXHIBIT 99.1

           

CASE

   

DataVoN, Inc. Et al

     

NAME:

        

Monthly Operating Report

    

02-38600-RCM

   

ACCRUAL BASIS

CASE NUMBER:

        

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

 

UNITED STATES BANKRUPTCY COURT

 

NORTHERN DISTRICT OF TEXAS

 

DALLAS DIVISION

 

MONTHLY OPERATING REPORT—CONSOLIDATED

 

MONTH ENDING: April 30, 2003

 

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

     
   

PRINTED NAME OF PREPARER

   

DATE

 

1

 

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

 

   

Amended

                    

COMPARATIVE BALANCE SHEET

  

SCHEDULE AMOUNT

    

MONTH

    

MONTH

    

MONTH

  
 
   

Feb 2003

    

Mar 2003

    

Apr 2003

  

ASSETS

                                

1.

   

UNRESTRICTED CASH

  

$

21,523.00

 

  

$

1,607,799.00

 

  

$

918,327.00

 

  

$

755,897.00

 

2.

   

RESTRICTED CASH

  

$

—  

 

                        

3.

   

TOTAL CASH

  

$

21,523.00

 

  

$

1,607,799.00

 

  

$

918,327.00

 

  

$

755,897.00

 

4.

   

ACCOUNTS RECEIVABLE (NET)

  

$

4,403,351.00

 

  

$

3,090,552.00

 

  

$

3,545,321.00

 

  

$

3,781,688.00

 

5.

   

INVENTORY

  

$

—  

 

                        

6.

   

NOTES RECEIVABLE

  

$

—  

 

                        

7.

   

PREPAID EXPENSES

  

$

394,130.00

 

  

$

173,198.00

 

  

$

63,983.00

 

  

$

82,652.00

 

8.

   

OTHER

  

$

—  

 

                        

9.

   

TOTAL CURRENT ASSETS

  

$

4,819,004.00

 

  

$

4,871,549.00

 

  

$

4,527,631.00

 

  

$

4,620,237.00

 

10.

   

PROPERTY, PLANT & EQUIPMENT

          

$

8,989,763.00

 

  

$

9,007,682.00

 

  

$

9,011,317.00

 

11.

   

LESS: ACCUMULATED DEPRECIATION/DEPLETION

  

$

—  

 

  

$

2,861,563.00

 

  

$

3,040,088.00

 

  

$

3,217,759.00

 

12.

   

NET PROPERTY, PLANT & EQUIPMENT

  

$

4,636,629.00

 

  

$

6,128,200.00

 

  

$

5,967,594.00

 

  

$

5,793,558.00

 

13.

   

DUE FROM INSIDERS

  

$

17,833.00

 

  

$

14,468.00

 

  

$

14,468.00

 

  

$

14,468.00

 

14.

   

OTHER ASSETS—Lease Deposits

  

$

222,123.00

 

  

$

119,665.00

 

  

$

110,912.00

 

  

$

47,467.00

 

15.

   

OTHER—Cisco Systems Equipment Purchase Credit

  

$

1,200,000.00

 

                        

16.

   

TOTAL ASSETS

  

$

10,895,589.00

 

  

$

11,133,882.00

 

  

$

10,620,605.00

 

  

$

10,475,730.00

 

POSTPETITION LIABILITIES

                                

17.

   

ACCOUNTS PAYABLE

          

$

2,226,383.00

 

  

$

1,862,989.00

 

  

$

1,842,074.00

 

18.

   

TAXES PAYABLE—Property

          

$

42,418.00

 

  

$

42,418.00

 

  

$

42,418.00

 

19.

   

NOTES PAYABLE

                                

20.

   

PROFESSIONAL FEES

                          

$

138,778.00

 

21.

   

SECURED DEBT

                                

22.

   

OTHER (ATTACH LIST)

                                

23.

   

TOTAL POSTPETITION LIABILITIES

  

$

—  

 

  

$

2,268,801.00

 

  

$

1,905,407.00

 

  

$

2,023,270.00

 

PREPETITION LIABILITIES

                                

24.

   

SECURED DEBT

  

$

3,038,472.00

 

  

$

2,706,661.00

 

  

$

2,737,686.00

 

  

$

2,737,005.00

 

25.

   

PRIORITY DEBT

  

$

57,079.00

 

  

$

57,079.00

 

  

$

57,079.00

 

  

$

57,079.00

 

26.

   

UNSECURED DEBT

  

$

10,341,330.00

 

  

$

9,793,495.00

 

  

$

9,759,538.00

 

  

$

9,765,044.00

 

27.

   

OTHER

                                

28.

   

TOTAL PREPETITION LIABILITIES

  

$

13,436,881.00

 

  

$

12,557,235.00

 

  

$

12,554,303.00

 

  

$

12,559,128.00

 

29.

   

TOTAL LIABILITIES

  

$

13,436,881.00

 

  

$

14,826,036.00

 

  

$

14,459,710.00

 

  

$

14,582,398.00

 

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)

          

$

316,937.00

 

  

$

169,986.00

 

  

$

(97,577.00

)

32.

   

DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION)

          

$

(64,222.00

)

  

$

(64,222.00

)

  

$

(64,222.00

)

33.

   

TOTAL EQUITY

  

$

(2,541,292.00

)

  

$

(3,692,154.00

)

  

$

(3,839,105.00

)

  

$

(4,106,668.00

)

34.

   

TOTAL LIABILITIES & OWNERS’ EQUITY

  

$

10,895,589.00

 

  

$

11,133,882.00

 

  

$

10,620,605.00

 

  

$

10,475,730.00

 

 

2

 

CASE NAME:

   

DataVoN, Inc. Et al 02-38600-RCM

   

Monthly Operating Report

         

ACCRUAL BASIS - 2

CASE NUMBER:

        

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

INCOME

STATEMENT

  

MONTH

    

MONTH

    

MONTH

    

QUARTER TOTALS

  
 

Feb 2003

    

Mar 2003

    

Apr 2003

    

REVENUES

                                

1.

   

GROSS REVENUES

  

$

2,693,878.00

 

  

$

3,225,629.00

 

  

$

3,242,747.00

 

  

$

9,162,254.00

 

2.

   

LESS: RETURNS & DISCOUNTS

  

$

7,470.00

 

  

$

8,267.00

 

  

$

9,497.00

 

  

$

25,234.00

 

3.

   

NET REVENUE

  

$

2,686,408.00

 

  

$

3,217,362.00

 

  

$

3,233,250.00

 

  

$

9,137,020.00

 

COST OF GOODS SOLD

                                

4.

   

MATERIAL (Telecom Services)

  

$

2,450,503.00

 

  

$

2,624,336.00

 

  

$

2,625,656.00

 

  

$

7,700,495.00

 

5.

   

DIRECT LABOR

                          

$

—  

 

6.

   

DIRECT OVERHEAD

                          

$

—  

 

7.

   

TOTAL COST OF GOODS SOLD

  

$

2,450,503.00

 

  

$

2,624,336.00

 

  

$

2,625,656.00

 

  

$

7,700,495.00

 

8.

   

GROSS PROFIT

  

$

235,905.00

 

  

$

593,026.00

 

  

$

607,594.00

 

  

$

1,436,525.00

 

OPERATING EXPENSES

                                

9.

   

OFFICER / INSIDER COMPENSATION

  

$

61,584.00

 

  

$

61,584.00

 

  

$

61,584.00

 

  

$

184,752.00

 

10.

   

SELLING & MARKETING

                          

$

—  

 

11.

   

GENERAL & ADMINISTRATIVE

  

$

248,003.00

 

  

$

251,855.00

 

  

$

256,488.00

 

  

$

756,346.00

 

12.

   

RENT & LEASE

  

$

15,500.00

 

  

$

15,500.00

 

  

$

17,885.00

 

  

$

48,885.00

 

13.

   

OTHER—See Schedule

                          

$

—  

 

14.

   

TOTAL OPERATING EXPENSES

  

$

325,087.00

 

  

$

328,939.00

 

  

$

335,957.00

 

  

$

989,983.00

 

15.

   

INCOME BEFORE NON-OPERATING INCOME & EXPENSE

  

$

(89,182.00

)

  

$

264,087.00

 

  

$

271,637.00

 

  

$

446,542.00

 

OTHER INCOME & EXPENSES

                                

16.

   

NON-OPERATING INCOME (SEE ATTACHED)

  

$

78,960.00

 

  

$

1,208.00

 

  

$

826.00

 

  

$

80,994.00

 

17.

   

NON-OPERATING EXPENSE(SEE ATTACHED)

  

$

114,005.00

 

          

$

220,000.00

 

  

$

334,005.00

 

18.

   

INTEREST EXPENSE

  

$

38,244.00

 

  

$

36,064.00

 

  

$

31,605.00

 

  

$

105,913.00

 

19.

   

DEPRECIATION / DEPLETION

  

$

178,575.00

 

  

$

178,575.00

 

  

$

177,671.00

 

  

$

534,821.00

 

20.

   

AMORTIZATION

                          

$

—  

 

21.

   

OTHER—(Loss on Sales of Equipment)

                          

$

—  

 

22.

   

NET OTHER INCOME & EXPENSES

  

$

(251,864.00

)

  

$

(213,431.00

)

  

$

(428,450.00

)

  

$

(893,745.00

)

REORGANIZATION EXPENSES

                                

23.

   

PROFESSIONAL FEES

  

$

10,731.00

 

  

$

197,607.00

 

  

$

100,000.00

 

  

$

308,338.00

 

24.

   

U.S. TRUSTEE FEES

  

$

2,000.00

 

          

$

10,750.00

 

  

$

12,750.00

 

25.

   

OTHER (ATTACH LIST)

                          

$

—  

 

26.

   

TOTAL REORGANIZATION EXPENSES

  

$

12,731.00

 

  

$

197,607.00

 

  

$

110,750.00

 

  

$

321,088.00

 

27.

   

INCOME TAX

                                

28.

   

NET PROFIT (LOSS)

  

$

(353,777.00

)

  

$

(146,951.00

)

  

$

(267,563.00

)

  

$

(768,291.00

)

 

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 TOTALS

  
 

Feb 2003

    

Mar 2003

    

Apr 2003

    

1.

   

CASH—BEGINNING OF MONTH

  

$

2,016,252.09

 

  

$

1,607,799.44

 

  

$

918,327.74

 

  

$

2,016,252.09

 

RECEIPTS FROM OPERATIONS

                                

2.

   

CASH SALES

                          

$

—  

 

COLLECTION OF ACCOUNTS RECEIVABLE

                                

3.

   

PREPETITION

                          

$

—  

 

4.

   

POSTPETITION

  

$

3,164,148.36

 

  

$

2,472,101.82

 

  

$

2,833,893.66

 

  

$

8,470,143.84

 

5.

   

TOTAL OPERATING RECEIPTS

  

$

3,164,148.36

 

  

$

2,472,101.82

 

  

$

2,833,893.66

 

  

$

8,470,143.84

 

NON-OPERATING RECEIPTS

                                

6.

   

LOANS & ADVANCES (ATTACH LIST)

  

$

—  

 

                  

$

—  

 

7.

   

SALE OF ASSETS

  

$

—  

 

                  

$

—  

 

8.

   

OTHER (SEE ATTACHED)

  

$

3,724.46

 

  

$

2,036.26

 

  

$

1,526.22

 

  

$

7,286.94

 

9.

   

TOTAL NON-OPERATING RECEIPTS

  

$

3,724.46

 

  

$

2,036.26

 

  

$

1,526.22

 

  

$

7,286.94

 

10.

   

TOTAL RECEIPTS

  

$

3,167,872.82

 

  

$

2,474,138.08

 

  

$

2,835,419.88

 

  

$

8,477,430.78

 

11.

   

TOTAL CASH AVAILABLE

  

$

5,184,124.91

 

  

$

4,081,937.52

 

  

$

3,753,747.62

 

  

$

10,493,682.87

 

OPERATING DISBURSEMENTS

                                

12.

   

NET PAYROLL

  

$

189,000.83

 

  

$

200,020.26

 

  

$

177,380.18

 

  

$

566,401.27

 

13.

   

PAYROLL TAXES PAID

  

$

17,737.65

 

  

$

16,234.37

 

  

$

13,983.07

 

  

$

47,955.09

 

14.

   

SALES, USE & OTHER TAXES PAID

                          

$

—  

 

15.

   

SECURED / RENTAL / LEASES

  

$

180,325.56

 

  

$

76,216.49

 

  

$

48,028.46

 

  

$

304,570.51

 

16.

   

UTILITIES

  

$

1,820.61

 

  

$

392.16

 

  

$

816.43

 

  

$

3,029.20

 

17.

   

INSURANCE

  

$

92,902.78

 

  

$

16,890.45

 

  

$

14,197.22

 

  

$

123,990.45

 

18.

   

INVENTORY PURCHASES—(Telecom Services)

  

$

2,647,108.18

 

  

$

2,447,944.63

 

  

$

2,556,081.51

 

  

$

7,651,134.32

 

19.

   

VEHICLE EXPENSES

                          

$

—  

 

20.

   

TRAVEL

  

$

9,115.81

 

  

$

10,613.76

 

  

$

1,560.51

 

  

$

21,290.08

 

21.

   

ENTERTAINMENT

                          

$

—  

 

22.

   

REPAIRS & MAINTENANCE

                          

$

—  

 

23.

   

SUPPLIES

                          

$

—  

 

24.

   

ADVERTISING

          

$

8,732.00

 

          

$

8,732.00

 

25.

   

OTHER (SEE ATTACHED)

  

$

436,314.05

 

  

$

278,228.21

 

  

$

113,830.67

 

  

$

828,372.93

 

26.

   

TOTAL OPERATING DISBURSEMENTS

  

$

3,574,325.47

 

  

$

3,055,272.33

 

  

$

2,925,878.05

 

  

$

9,555,475.85

 

REORGANIZATION EXPENSES

                                

27.

   

PROFESSIONAL FEES

  

$

—  

 

  

$

108,337.45

 

  

$

61,221.75

 

  

$

169,559.20

 

28.

   

U.S. TRUSTEE FEES

  

$

2,000.00

 

          

$

10,750.00

 

  

$

12,750.00

 

29.

   

OTHER (ATTACH LIST)

  

$

—  

 

                  

$

—  

 

30.

   

TOTAL REORGANIZATION EXPENSES

  

$

2,000.00

 

  

$

108,337.45

 

  

$

71,971.75

 

  

$

182,309.20

 

31.

   

TOTAL DISBURSEMENTS

  

$

3,576,325.47

 

  

$

3,163,609.78

 

  

$

2,997,849.80

 

  

$

9,737,785.05

 

32.

   

NET CASH FLOW

  

$

(408,452.65

)

  

$

(689,471.70

)

  

$

(162,429.92

)

  

$

(1,260,354.27

)

33.

   

CASH—END OF MONTH

  

$

1,607,799.44

 

  

$

918,327.74

 

  

$

755,897.82

 

  

$

755,897.82

 

 

CASE NAME:

   

DataVoN, Inc. Et al

   

Monthly Operating Report

         

ACCRUAL BASIS - 4

CASE NUMBER:

        

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

 

ACCOUNTS RECEIVABLE AGING

   

SCHEDULE AMOUNT

     

MONTH

   

MONTH

   

MONTH

 
       

Feb-03

   

Mar-03

   

Apr-03

1.

   

0 – 30

   

$

3,681,749.00

     

$

3,008,248.04

   

$

3,531,601.53

   

$

3,683,400.00

2.

   

31 – 60

   

$

69,528.00

     

$

91,023.78

   

$

50,429.14

   

$

158,781.00

3.

   

61 – 90

   

$

633,545.00

     

$

33,044.44

   

$

84,559.93

   

$

41,855.00

4.

   

91+

   

$

653,771.00

     

$

741,564.12

   

$

673,151.15

   

$

704,676.00

5.

   

TOTAL ACCOUNTS RECEIVABLE

   

$

5,038,593.00

     

$

3,873,880.38

   

$

4,339,741.75

   

$

4,588,712.00

6.

   

AMOUNT CONSIDERED UNCOLLECTIBLE

   

$

635,242.00

     

$

783,328.24

   

$

794,420.70

   

$

807,024.00

7.

   

ACCOUNTS RECEIVABLE (NET)

   

$

4,403,351.00

     

$

3,090,552.14

   

$

3,545,321.05

   

$

3,781,688.00

AGING OF POSTPETITION TAXES AND PAYABLES

   

MONTH:                 Apr-03                

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

                              

$

—  

STATUS OF POSTPETITION TAXES

   

MONTH:                 Apr-03                

TAXES PAYABLE

   

BEGINNING TAX

LIABILITY*

     

AMOUNT WITHHELD

AND OR ACCRUED

   

AMOUNT PAID

   

ENDING TAX

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

   

$

—  

     

$

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

 

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-Apr-03                     

  
  

ACCOUNT #1

     

ACCOUNT #2

   

ACCOUNT #3

       

A.

   

BANK

   

 

Comerica

 

   

 

Comerica

   

 

Comerica

   

 

TOTAL

 

  

B.

   

ACCOUNT NUMBER:

   

 

1880831753

 

   

 

1880831761

   

 

1880831779

   
  

C.

   

PURPOSE (TYPE):

   

 

DIP Operating

 

   

 

DIP A/R

   

 

Payroll

   

1.

   

BALANCE PER BANK STATEMENT

   

$

(53,467.35

)

   

$

60,096.09

   

$

—  

   

$

6,628.74

 

2.

   

ADD: TOTAL DEPOSITS NOT CREDITED

            

$

24,750.00

          

$

24,750.00

 

3.

   

SUBTRACT OUTSTANDING CHECKS

   

$

153,852.30

 

                 

$

153,852.30

 

4.

   

OTHER RECONCILING ITEMS—Returned Check

                          

$

—  

 

5.

   

MONTH END BALANCE PER BOOKS

   

$

(207,319.65

)

   

$

84,846.09

   

$

—  

   

$

(122,473.56

)

6.

   

NUMBER OF LAST CHECK WRITTEN

   

 

1876

 

   

 

N/A

   

 

N/A

         

INVESTMENT ACCOUNTS

                                

BANK, ACCOUNT NAME & NUMBER

   

DATE OF PURCHASE

     

TYPE OF INSTRUMENT

   

PURCHASE PRICE

   

CURRENT VALUE

  

7.

   

Comerica Securities Trust Account # 43011000741395

   

 

11/04/2002

 

   

 

Liquid Investment

   

$

877,586.84

   

$

877,586.84

 

8.

                                     

9.

                                     

10.

                                     

11.

   

TOTAL INVESTMENTS

                          

$

877,586.84

 

CASH

                                

12.

   

CURRENCY ON HAND

                          

 

NONE

 

13.

   

TOTAL CASH—END OF MONTH

                          

 

Continued

 

 

6

 

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-Apr-03

   

ACCOUNT #1

     

ACCOUNT #2

     

ACCOUNT #3

     

A.

   

BANK

  

 

Comerica

                   

 

TOTAL

  

B.

   

ACCOUNT NUMBER:

  

 

1880831787

                   
  

C.

   

PURPOSE (TYPE):

  

 

DIP Operating

                   

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

                         

$

755,897.82

 

CAS0E NAME:

   

DataVoN, Inc. Et al

        

Monthly Operating Report

              

ACCRUAL BASIS - 5

CASE NUMBER:

   

02-38600-RCM

        

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

PAYMENTS TO INSIDERS AND PROFESSIONALS

   

MONTH:            Apr-03

 

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.

   

Hughes & Luce LLP

                   

$

46,330.18

   

$

178,247.00

   

$

118,778.00

2.

   

Michelle Shriro

                   

$

14,891.57

   

$

30,091.00

   

$

20,000.00

3.

                                          

4.

                                          

5.

                                          

6.

   

TOTAL PAYMENTS TO PROFESSIONALS

     

$

—  

   

$

61,221.75

   

$

208,338.00

   

$

138,778.00

*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

            

$

750,000.00

              
        

2.

   

TIM TERRELL

            

$

—  

   

$

500,000.00

              
        

3.

   

TRANSCOM COMMUNICATIONS

            

$

—  

   

$

1,106,473.00

              
        

4.

   

REGIONS BANK

   

$

5,000.00

     

$

5,000.00

   

$

60,000.00

              
        

5.

   

Accrued Interest on Notes Payable

                   

$

320,532.00

              
        

6.

   

LEASE OBLIGATIONS—See Schedule

   

$

79,093.00

     

$

30,718.00

   

$

2,640,964.00

              
        

7.

   

TOTAL

   

$

209,093.00

     

$

35,718.00

   

$

5,377,969.00

              
        

 

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:                Apr-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.

    

Receivable from Transcom Communications, Inc. for April charges of $ 205,899.30.

          
 
    

Payments on pre-petition liabilities in March—See page 6

          
 
                

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

   

Approx $ 5,000 mo

Group Health

   

Principal Financial Group

     

3-03 to 4-03

   

Approx $ 10,000 mo

 

9

 

Case Name

   

Datavon Inc. et al

     

Case Number

   

02-38600-RCM

     

Monthly Operating Report

          

Supporting Schedules—Consolidated Balance Sheet

     

Month Ended April 30, 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—Included in Rent & Lease of the income statement (line 12) is $ 110,000 due to Cisco Systems and included in Non-Operating expenses (line 17) is $ 220,000 due to Cisco Systems related to the use of Cisco System equipment by the Company during bankruptcy.

 

    

Feb 2003

   

Mar 2003

   

Apr 2003

Line 32—Direct Charges to Equity

               

Purchase of Stock from Bruce Hawkins—Pre-Petition

   

64,222

   

64,222

   

64,222

    
  
  

 

10

 

Case Name

   

Datavon, Inc. et al

     

Case Number

   

02-38600-RCM

     

Monthly Operating Report

          

Supporting Schedules—Consolidated Income Statement

     

Month Ended April 30, 2003

          

 

    

Feb 2003

   

Mar 2003

   

Apr 2003

Other Income & Expense

               

Line 16—Non-Operating Income

               

Sales price of equipment received from Cisco Systems under settlement agreement

   

77,543

          

Interest Income

   

1,417

   

1,208

   

826

    
  
  
    

78,960

   

1,208

   

826

    
  
  

Line 17—Non-Operating Expense

               

Prior Period Adjustments

               

Correction of Prior Year Expenses—Quest

   

114,005

          

Accrual of Additional Rent due Cisco Systems for February and March 2003

             

220,000

    
  
  
    

114,005

   

0

   

220,000

    
  
  

 

11

 

Case Name

   

Datavon, Inc. et al

     

Case Number

   

02-38600-RCM

     

Monthly Operating Report

          

Supporting Schedules—Cash Receipts and Disbursements

     

Month Ended April 30, 2003

          

 

    

Feb 2003

   

Mar 2003

   

Apr 2003

Line 8—Other Non-operating Receipts

               

Customer Deposits

               

Medical Insurance Reimbursements

   

628

   

628

   

628

Interest Income

   

1,417

   

1,208

   

826

Bank Reimbursement

   

1,679

          

Vendor Reimbursements

        

200

   

72

    
  
  
    

3,724

   

2,036

   

1,526

    
  
  

Line 25—Other Operating Disbursements

               

Contracted Services

   

73,708

   

63,580

   

82,867

Office Expense

   

5,553

   

7,493

   

8,722

Pension Cost

   

10,421

   

5,212

   

15,627

Telephone

        

712

   

605

Employee Advance

               

Note Payment—Lee Barton

   

125,000

          

Note Payment—Regions Bank

   

5,000

   

5,000

   

5,000

Equipment Purchases

   

116,632

   

196,231

     

Prepayment—Telecom Services

   

100,000

          

Payment for DTVN Expenses

             

1,010

    
  
  
    

436,314

   

278,228

   

113,831

    
  
  

 

12

Case Name

   

Datavon, Inc. et al

     

Case Number

   

02-38600-RCM

     

Monthly Operating Report

          

Supporting Schedules—PostPetition Status of Leases

     

Month Ended April 30, 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.

   

10,000

     

20,000

   

40,000

VAResources

   

Video Intelligence, Inc.

   

1,757

          

62,867

VAResources

   

Video Intelligence, Inc.

   

850

          

17,968

Dell Financial Services

   

DTVN Holdings, Inc.

   

10,238

     

10,238

   

47,952

Telogy

        

480

     

480

   

1,916

         
    
  
         

79,093

     

30,718

   

2,640,964

         
    
  

 

 

13