EX-99.2 3 a2054189zex-99_2.txt EXHIBIT 99.2 EXHIBIT 99.2 Christopher Celentino, State Bar # 131688 Luce, Forward, Hamilton & Scripps, LLP 600 West Broadway, Suite 2600 San Diego, CA 92101 Attorney for Debtor-In-Possession UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF CALIFORNIA In Re: CinemaStar Luxury Theaters, Inc., Debtor(s) CASE NUMBER: 01-00110-JM11 CHAPTER 11 DEBTOR-IN-POSSESSION MONTHLY OPERATING REPORT FOR THE MONTH OF: FEBRUARY 2001 TO: THE HONORABLE JUDGE MYERS UNITED STATES BANKRUPTCY JUDGE The Debtor-In-Possession hereby files its Monthly Operating Report pursuant to the United States Trustee's Operating and Reporting Requirements for Chapter 11 cases. DATED: March 18, 2001 s/ Christopher Celentino ----------------------------------- Attorney for Debtor-In-Possession Page 1 of 17 ------------------------------------------------------------------------------ UNITED STATES DEPARTMENT OF JUSTICE OFFICE OF THE UNITED STATES TRUSTEE SOUTHERN DISTRICT OF CALIFORNIA ------------------------------------------------------------------------------ In Re: CinemaStar Luxury Theaters, Inc., Debtor(s) CHAPTER 11 (BUSINESS) CASE NO. 01-00110-JM11 OPERATING REPORT NO. 2 FOR THE MONTH ENDING: FEBRUARY 28, 2001 I. CASH RECEIPTS AND DISBURSEMENTS A. (GENERAL ACCOUNT *) --------------------------------------------------------------------------------------- --------------------- 1. TOTAL RECEIPTS PER ALL PRIOR GENERAL ACCOUNT REPORTS 1,081,468.84 --------------------------------------------------------------------------------------- --------------------- --------------------------------------------------------------------------------------- --------------------- 2. LESS: TOTAL DISBURSEMENTS PER ALL PRIOR GENERAL ACCOUNT REPORTS 620,189,.04 --------------------------------------------------------------------------------------- --------------------- --------------------------------------------------------------------------------------- --------------------- 3. BEGINNING BALANCE 461,279.80 --------------------------------------------------------------------------------------- --------------------- --------------------------------------------------------------------------------------- --------------------- 4. RECEIPTS DURING CURRENT PERIOD --------------------------------------------------------------------------------------- --------------------- --------------------------------------------------------------------------------------- --------------------- ACCOUNTS RECEIVABLE - PRE-FILING 0.00 --------------------------------------------------------------------------------------- --------------------- ACCOUNTS RECEIVABLE - POST-FILING 0.00 --------------------------------------------------------------------------------------- --------------------- GENERAL SALES 1,194,064.16 --------------------------------------------------------------------------------------- --------------------- OTHER (SPECIFY) Advanced ticket sales, Mexico mgmnt fees 28,540.40 --------------------------------------------------------------------------------------- --------------------- OTHER ** (SPECIFY) 0.00 --------------------------------------------------------------------------------------- --------------------- --------------------------------------------------------------------------------------- --------------------- TOTAL RECEIPTS THIS PERIOD 1,222,604.56 --------------------------------------------------------------------------------------- --------------------- --------------------------------------------------------------------------------------- --------------------- 5. BALANCE: 1,683,884.36 --------------------------------------------------------------------------------------- --------------------- --------------------------------------------------------------------------------------- --------------------- 6. LESS: TOTAL DISBURSEMENTS DURING CURRENT PERIOD 1,428,496.00 --------------------------------------------------------------------------------------- --------------------- (Total from Page 2) --------------------------------------------------------------------------------------- --------------------- --------------------------------------------------------------------------------------- --------------------- 7. ENDING BALANCE 255,388.36 --------------------------------------------------------------------------------------- ---------------------
------------------------------------------------------- ----------------------------------------------------- 8. GENERAL ACCOUNT NUMBER 07007494381 ------------------------------------------------------- ----------------------------------------------------- DEPOSITORY NAME AND LOCATION Union Bank of California ------------------------------------------------------------------------------------------------------------- 445 South Figueroa St., Los Angeles, CA 90051 -------------------------------------------------------------------------------------------------------------
* All receipts must be deposited into the general account ** Include the receipts from the sale of any real or personal property out of the ordinary course of business; attach an exhibit specifying what was sold, to whom, terms, and date of Court Order or Report of Sale. Page 2 of 17 TOTAL DISBURSEMENTS DURING CURRENT PERIOD (General Account) -------------------------------------------------------------------------------------------------------------- DATE CHECK # PAYEE PURPOSE AMOUNT -------------------------------------------------------------------------------------------------------------- CHECK RUNS -------------------------------------------------------------------------------------------------------------- 2/1/01 160 United Title Company Corp Rent 4,983.30 -------------------------------------------------------------------------------------------------------------- 161 Mission Grove Theater MG18 Rent 64,443.41 -------------------------------------------------------------------------------------------------------------- 162 Mission Grove Theater II MG18 Rent addition 32,355.40 -------------------------------------------------------------------------------------------------------------- 163 AON Risk Services Insurance 12,608.00 -------------------------------------------------------------------------------------------------------------- 164 Union Tribune Advertising 866.76 -------------------------------------------------------------------------------------------------------------- 165 MGM Films Film Rental 5,082.75 -------------------------------------------------------------------------------------------------------------- 166 Staples Office Supplies 775.58 -------------------------------------------------------------------------------------------------------------- 167 Phone Systems Plus Corp phone repair 150.00 -------------------------------------------------------------------------------------------------------------- 168 Waxie Sanitary Supply Janitorial Supplies 2,586.09 -------------------------------------------------------------------------------------------------------------- 169 Office Furniture Outlet Office Furniture 7,889.23 Inc -------------------------------------------------------------------------------------------------------------- 16200 MGM Films Film Rental 1,890.71 -------------------------------------------------------------------------------------------------------------- 16201 Airborne Express Film Transportation 2,500.00 -------------------------------------------------------------------------------------------------------------- 16202 City Of Riverside Utilities 22,817.60 -------------------------------------------------------------------------------------------------------------- 16203 Kombiz Lavasany Reimbursements 131.38 -------------------------------------------------------------------------------------------------------------- 16204 Manulife Financial 401K 2,580.67 -------------------------------------------------------------------------------------------------------------- 16205 Murphy's Printing Office Supplies 806.25 -------------------------------------------------------------------------------------------------------------- 16206 Dianne Peacock Reimbursements 100.00 -------------------------------------------------------------------------------------------------------------- 16207 The Press Enterprise Advertising 23,605.94 -------------------------------------------------------------------------------------------------------------- 16208 State Comp Ins. Fund Workers Comp 20,286.86 -------------------------------------------------------------------------------------------------------------- 16209 Union Tribune Advertising 566.40 -------------------------------------------------------------------------------------------------------------- 16210 United Parcel Service Postage & Freight 16.45 -------------------------------------------------------------------------------------------------------------- 16211 void MM13 Rent - -------------------------------------------------------------------------------------------------------------- 16212 Prudential Insurance 9,928.84 -------------------------------------------------------------------------------------------------------------- 16213 Prudential Insurance 334.00 -------------------------------------------------------------------------------------------------------------- 16214 Union Bank of California Clays Car 645.30 -------------------------------------------------------------------------------------------------------------- 16215 The Guardian Insurance 4,102.68 -------------------------------------------------------------------------------------------------------------- 16216 Stanley Steamer Repairs and Maintenance 1,105.24 -------------------------------------------------------------------------------------------------------------- 16217 Waxie Sanitary Supply Janitorial Supplies 200.76 -------------------------------------------------------------------------------------------------------------- 16218 Oceanside Mission MM13 Rent 123,901.09 Marketplace -------------------------------------------------------------------------------------------------------------- 16219 Coudres Family Limited PR10 Rent 76,776.01 -------------------------------------------------------------------------------------------------------------- 16220 MGM Films Film Rental 798.30 -------------------------------------------------------------------------------------------------------------- 16221 void - -------------------------------------------------------------------------------------------------------------- 16222 Accountants On Call Temporary help 129.84 -------------------------------------------------------------------------------------------------------------- 16223 AC Nielsen EDI, Inc. Telecommunications 100.00 -------------------------------------------------------------------------------------------------------------- 16224 Airborne Express Film Transportation 130.00 -------------------------------------------------------------------------------------------------------------- 16225 All City Electrical Repairs and Maintenance 300.50 Service -------------------------------------------------------------------------------------------------------------- 16226 AON Risk Services Insurance 11,580.00 -------------------------------------------------------------------------------------------------------------- 16227 Armored Transport Cash Deposits 1,179.83 -------------------------------------------------------------------------------------------------------------- 16228 Arrowhead Mountain Water Corp Water 76.79 -------------------------------------------------------------------------------------------------------------- Page 3 of 17 -------------------------------------------------------------------------------------------------------------- 16229 void - -------------------------------------------------------------------------------------------------------------- 16230 Brake Water Film Transportation 716.00 Transportation -------------------------------------------------------------------------------------------------------------- 16231 Business Wire Public Relations 100.00 -------------------------------------------------------------------------------------------------------------- 16232 CAPS Alarm Monitoring 57.50 -------------------------------------------------------------------------------------------------------------- 16233 City Of Oceanside Water/Sewage & Trash MM13 3,503.09 -------------------------------------------------------------------------------------------------------------- 16234 City Of San Bernardino Security Service 2,509.71 -------------------------------------------------------------------------------------------------------------- 16235 City Of San Bernardino License and Fees 50.00 -------------------------------------------------------------------------------------------------------------- 16236 City Of San Bernardino Trash Removal SB20 488.61 -------------------------------------------------------------------------------------------------------------- 16237 Clay Colbert Reimbursements 541.57 -------------------------------------------------------------------------------------------------------------- 16238 Crown Point Design Uniforms 35.88 Embroidery -------------------------------------------------------------------------------------------------------------- 16239 CR&R Inc Trash Removal PR10 463.54 -------------------------------------------------------------------------------------------------------------- 16240 DC Electronics Alarm Monitoring 215.00 -------------------------------------------------------------------------------------------------------------- 16241 De Lage Landen Telephone 123.99 -------------------------------------------------------------------------------------------------------------- 16242 Deluxe Business Forms Bank fees & charges 188.59 -------------------------------------------------------------------------------------------------------------- 16243 Dept of Motor Vehicles Registrations 139.00 -------------------------------------------------------------------------------------------------------------- 16244 Eastern Municipal Water Water/Sewage PR10 115.60 Dist -------------------------------------------------------------------------------------------------------------- 16245 Ernest Deutsch Refund on gift 30.00 certificates -------------------------------------------------------------------------------------------------------------- 16246 Federal Express Postage & Freight 306.64 -------------------------------------------------------------------------------------------------------------- 16247 First Sierra Financial Equipment Rental 1,111.72 -------------------------------------------------------------------------------------------------------------- 16248 Gary's Tux Shop Uniforms 105.45 -------------------------------------------------------------------------------------------------------------- 16249 Grainger Repairs and Maintenance 197.17 -------------------------------------------------------------------------------------------------------------- 16250 Janitorial Maintenance Janitorial Maintenance 18,155.00 -------------------------------------------------------------------------------------------------------------- 16251 JLA Credit Equipment Rental 974.11 -------------------------------------------------------------------------------------------------------------- 16252 LaSalle Lighting Services Operating Supplies 632.20 -------------------------------------------------------------------------------------------------------------- 16253 L A Times Corp Newspaper 18.00 -------------------------------------------------------------------------------------------------------------- 16254 Mail boxes Etc. Postage & Freight 15.31 -------------------------------------------------------------------------------------------------------------- 16255 Manulife Financial 401k 1,388.51 -------------------------------------------------------------------------------------------------------------- 16256 Max Reynolds Inc Repairs and Maintenance 3,930.00 -------------------------------------------------------------------------------------------------------------- 16257 McCormack Auction Co Transportation & Storage 1,200.00 UV10 -------------------------------------------------------------------------------------------------------------- 16258 McDonald & Assoc. Accrued Advertising 244.00 -------------------------------------------------------------------------------------------------------------- 16259 Merrill Corp Public Relations 1,177.00 -------------------------------------------------------------------------------------------------------------- 16260 MGM Films Accrued Advertising 470.25 -------------------------------------------------------------------------------------------------------------- 16261 Mike Prouty Refund on gift 13.00 certificates -------------------------------------------------------------------------------------------------------------- 16262 Movie Ad Corp Accrued Advertising 106.65 -------------------------------------------------------------------------------------------------------------- 16263 Newcourt Leasing Corp Computer Lease 1,014.44 -------------------------------------------------------------------------------------------------------------- 16264 Nichols Sales Repairs and Maintenance 379.00 -------------------------------------------------------------------------------------------------------------- 16265 Optimal Integrated Computer Supplies & 50.00 Solutions Maintenance -------------------------------------------------------------------------------------------------------------- 16266 Paramount Pictures Accrued Advertising 855.00 -------------------------------------------------------------------------------------------------------------- 16267 Pitney Bowes Equipment Rental 107.50 -------------------------------------------------------------------------------------------------------------- 16268 Proctor Companies Repairs and 53.95 -------------------------------------------------------------------------------------------------------------- Page 4 of 17 -------------------------------------------------------------------------------------------------------------- Maintenance -------------------------------------------------------------------------------------------------------------- 16269 PRO-TEC Lock & Safe Repairs and Maintenance 344.39 -------------------------------------------------------------------------------------------------------------- 16270 Prudential Insurance 9,928.84 -------------------------------------------------------------------------------------------------------------- 16271 Prudential Insurance 329.50 -------------------------------------------------------------------------------------------------------------- 16272 Reel Source Outside Services 175.00 -------------------------------------------------------------------------------------------------------------- 16273 Rotor Rooter Repairs and Maintenance 203.75 -------------------------------------------------------------------------------------------------------------- 16274 San Bernardino County Sun Accrued Advertising 5,249.18 -------------------------------------------------------------------------------------------------------------- 16275 SDG&E Utilities 14,243.63 -------------------------------------------------------------------------------------------------------------- 16276 Security Link Ameritech Security Service 30.48 -------------------------------------------------------------------------------------------------------------- 16277 Sky Courier Film Transportation 36.40 -------------------------------------------------------------------------------------------------------------- 16278 Solomon Friedman Accrued Advertising 352.76 -------------------------------------------------------------------------------------------------------------- 16279 Source One Operating Supplies 7,530.10 -------------------------------------------------------------------------------------------------------------- 16280 Southern California Utilities 33,215.00 Edison -------------------------------------------------------------------------------------------------------------- 16281 Staples Office Supplies 428.52 -------------------------------------------------------------------------------------------------------------- 16282 State Board of Licenses and Fees 367.00 Equalization -------------------------------------------------------------------------------------------------------------- 16283 Terminix International Pest Control 57.48 -------------------------------------------------------------------------------------------------------------- 16284 Texaco Corp Gas Card 292.22 -------------------------------------------------------------------------------------------------------------- 16285 Topal Theater Services Consulting Fees 300.00 -------------------------------------------------------------------------------------------------------------- 16286 Union Tribune Corp Newspaper 79.81 -------------------------------------------------------------------------------------------------------------- 16287 Union Bank of California Clays Car 645.30 -------------------------------------------------------------------------------------------------------------- 16288 United Parcel Service Postage & Freight 6.28 -------------------------------------------------------------------------------------------------------------- 16289 Universal Pictures Accrued Advertising 545.60 -------------------------------------------------------------------------------------------------------------- 16290 Roy Van Asch Janitorial Janitorial Maintenance 1,875.80 -------------------------------------------------------------------------------------------------------------- 16291 Verizon Wireless Telephone 1,106.50 -------------------------------------------------------------------------------------------------------------- 16292 Verizon California Telephone 218.58 -------------------------------------------------------------------------------------------------------------- 16293 Western Municipal Water MG18 Water 246.60 Dist -------------------------------------------------------------------------------------------------------------- 16294 Sony Pictures Classics Accrued Advertising 455.00 -------------------------------------------------------------------------------------------------------------- 16295 Airgas Concessions 50.15 -------------------------------------------------------------------------------------------------------------- 16296 Heritage Foods Concessions 1,125.90 -------------------------------------------------------------------------------------------------------------- 16297 Blytheco Computer Maintenance 1,115.63 -------------------------------------------------------------------------------------------------------------- 16298 void - -------------------------------------------------------------------------------------------------------------- 16299 Janet Bailor Tuition Reimbursement 500.00 -------------------------------------------------------------------------------------------------------------- 16300 Dan Cahill Reimbursements 89.50 -------------------------------------------------------------------------------------------------------------- 16301 CinemaStar Luxury Petty cash 643.56 Theaters -------------------------------------------------------------------------------------------------------------- 16302 Department Of Motor Licenses and Fees 46.00 Vehicles -------------------------------------------------------------------------------------------------------------- 16303 Kombiz Lavasany Reimbursements 486.01 -------------------------------------------------------------------------------------------------------------- 16304 Murphy's Printing Printing 677.25 -------------------------------------------------------------------------------------------------------------- 16305 North County Transit Corp Travel 100.00 District -------------------------------------------------------------------------------------------------------------- 16306 Pacific Bell Telephone 150.00 -------------------------------------------------------------------------------------------------------------- 16307 Patricia Bacame Refund on gift 74.00 certificates -------------------------------------------------------------------------------------------------------------- Page 5 of 17 -------------------------------------------------------------------------------------------------------------- 16308 Kim Zolna Reimbursements 220.25 -------------------------------------------------------------------------------------------------------------- 16309 void - -------------------------------------------------------------------------------------------------------------- 16310 MGM Films Film Rental 231.83 -------------------------------------------------------------------------------------------------------------- 16311 Allen Elrod Reimbursements 256.66 -------------------------------------------------------------------------------------------------------------- 16312 Jack S. Huff Refund on gift 36.00 certificates -------------------------------------------------------------------------------------------------------------- 16313 Redevelopment Agency SB20 Rent 111,200.00 -------------------------------------------------------------------------------------------------------------- 16314 United Parcel Service Postage & Freight 16.45 -------------------------------------------------------------------------------------------------------------- 16315 US Toys Operating Supplies 457.93 -------------------------------------------------------------------------------------------------------------- 16316 Waxie Sanitary Supply Janitorial Supplies 1,603.79 -------------------------------------------------------------------------------------------------------------- 16317 MGM Films Film Rental 87,291.05 -------------------------------------------------------------------------------------------------------------- TOTAL 764,750.62 -------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------- WIRE TRANSFERS -------------------------------------------------------------------------------------------------------------- 1-Feb 42 Pepsi Concession inventory 2,668.83 -------------------------------------------------------------------------------------------------------------- 43 January expense - -------------------------------------------------------------------------------------------------------------- 44 Metropolitan Prov. Concession inventory 7,920.41 -------------------------------------------------------------------------------------------------------------- 45 Universal Film 4,941.03 -------------------------------------------------------------------------------------------------------------- 46 Newline Film 12,234.08 -------------------------------------------------------------------------------------------------------------- 47 Warner Film 7,423.29 -------------------------------------------------------------------------------------------------------------- 48 Gramercy Film 20,023.35 -------------------------------------------------------------------------------------------------------------- 49 Paramount Film 54,585.96 -------------------------------------------------------------------------------------------------------------- 50 Miramax Film 1,715.34 -------------------------------------------------------------------------------------------------------------- 51 20th Century Film 17,227.21 -------------------------------------------------------------------------------------------------------------- 52 Buena Vista Film 41,499.56 -------------------------------------------------------------------------------------------------------------- 53 20th Century Fox Film 8,910.76 -------------------------------------------------------------------------------------------------------------- 54 Warner Bros. Film 13,827.77 -------------------------------------------------------------------------------------------------------------- 55 Universal Film 2,350.60 -------------------------------------------------------------------------------------------------------------- 56 Gramercy Film 11,999.38 -------------------------------------------------------------------------------------------------------------- 57 Newline Film 3,770.42 -------------------------------------------------------------------------------------------------------------- 58 Paramount Pictures Film 28,331.74 -------------------------------------------------------------------------------------------------------------- 59 Miramax Film 9,443.68 -------------------------------------------------------------------------------------------------------------- 8-Feb 60 Buena Vista Film 16,265.26 -------------------------------------------------------------------------------------------------------------- 61 20th Century Fox Film 4,366.05 -------------------------------------------------------------------------------------------------------------- 62 Buena Vista Film 5,352.57 -------------------------------------------------------------------------------------------------------------- 63 void - -------------------------------------------------------------------------------------------------------------- 64 Miramax Film 4,384.55 -------------------------------------------------------------------------------------------------------------- 65 Newline Film 12,903.68 -------------------------------------------------------------------------------------------------------------- 66 Paramount Film 13,332.73 -------------------------------------------------------------------------------------------------------------- 67 Universal Film 1,728.12 -------------------------------------------------------------------------------------------------------------- 15-Feb 68 Gramercy Film 6,364.81 -------------------------------------------------------------------------------------------------------------- 69 Warner Film 356.14 -------------------------------------------------------------------------------------------------------------- 70 20th Century Film 3,178.81 -------------------------------------------------------------------------------------------------------------- 71 Buena Vista Film 6,568.25 -------------------------------------------------------------------------------------------------------------- 72 Newline/Fineline Film 451.48 -------------------------------------------------------------------------------------------------------------- 73 Miramax Film 258.18 -------------------------------------------------------------------------------------------------------------- 74 Newline/Fineline Film 4,881.80 -------------------------------------------------------------------------------------------------------------- 75 Paramount Film 9,425.32 -------------------------------------------------------------------------------------------------------------- 76 Universal Film 2,306.87 -------------------------------------------------------------------------------------------------------------- 77 USA/Gramercy Film 6,044.39 -------------------------------------------------------------------------------------------------------------- 22-Feb 78 Warner Film 7,512.27 -------------------------------------------------------------------------------------------------------------- Page 6 of 17 -------------------------------------------------------------------------------------------------------------- 79 20th Century Film 3,424.73 -------------------------------------------------------------------------------------------------------------- 80 Buena Vista Film 455.24 -------------------------------------------------------------------------------------------------------------- 81 Miramax Film 1,742.88 -------------------------------------------------------------------------------------------------------------- 82 Newline Film 4,408.06 -------------------------------------------------------------------------------------------------------------- 83 Paramount Film 6,476.88 -------------------------------------------------------------------------------------------------------------- 84 Universal Film 2,840.26 -------------------------------------------------------------------------------------------------------------- 85 USA/Gramercy Film 1,559.50 -------------------------------------------------------------------------------------------------------------- 28-Feb 86 Warner Film 8,511.90 -------------------------------------------------------------------------------------------------------------- 87 Pepsi Concession inventory 2,526.05 -------------------------------------------------------------------------------------------------------------- 88 Pepsi Concession inventory 3,823.77 -------------------------------------------------------------------------------------------------------------- 22-Feb 89 Pepsi Concession inventory 4,078.94 -------------------------------------------------------------------------------------------------------------- 90 March expense - -------------------------------------------------------------------------------------------------------------- 91 Metropolitan Concession inventory 5,930.36 -------------------------------------------------------------------------------------------------------------- 92 January expense - -------------------------------------------------------------------------------------------------------------- 93 Metro Concession inventory 6,553.43 -------------------------------------------------------------------------------------------------------------- 15-Feb 106 Metro Concession inventory 7217.91 -------------------------------------------------------------------------------------------------------------- 16-Feb UBOC [interest and principle 57,472.22 pmt for Jan] --------------------------------------------------------------------------------------------------------------- 27-Feb UBOC [interest and principle 53,477.64 pmt for Jan] -------------------------------------------------------------------------------------------------------------- TOTAL 525,054.46 --------------------------------------------------------------------------------------------------------------- MISC. DISBURSEMENTS -------------------------------------------------------------------------------------------------------------- 22-Feb Sales Tax (Jan.) 12,214.29 -------------------------------------------------------------------------------------------------------------- Direct Postage Purchase 10.00 -------------------------------------------------------------------------------------------------------------- Earthlink Chgs 79.80 -------------------------------------------------------------------------------------------------------------- Bank Charges 386.83 -------------------------------------------------------------------------------------------------------------- TOTAL 12,690.92 -------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------- TRANSFERS TO PAYROLL ACCOUNT -------------------------------------------------------------------------------------------------------------- 13-Feb UBOC Acct. # 07007494365 Feb. 16 payroll run 26,000.00 -------------------------------------------------------------------------------------------------------------- 21-Feb UBOC Acct. # 07007494365 100,000.00 -------------------------------------------------------------------------------------------------------------- TOTAL 126,000.00 -------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------------- TOTAL ACCOUNTS PAYABLE DISBURSEMENTS 1,428,496.00 ================================================================================================================================
Page 7 of 17 I. CASH RECEIPTS AND DISBURSEMENTS (Continued) B. (PAYROLL ACCOUNT) --------------------------------------------------------------------------------------- --------------------- 1. TOTAL RECEIPTS PER ALL PRIOR PAYROLL ACCOUNT REPORTS 274,535.93 --------------------------------------------------------------------------------------- --------------------- --------------------------------------------------------------------------------------- --------------------- 2. LESS: TOTAL DISBURSEMENTS PER ALL PRIOR PAYROLL ACCOUNT REPORTS 139,834.08 --------------------------------------------------------------------------------------- --------------------- --------------------------------------------------------------------------------------- --------------------- 3. BEGINNING BALANCE 134,701.85 --------------------------------------------------------------------------------------- --------------------- --------------------------------------------------------------------------------------- --------------------- 4. RECEIPTS DURING CURRENT PERIOD 126,000.00 --------------------------------------------------------------------------------------- --------------------- TRANSFERRED FROM GENERAL ACCOUNT --------------------------------------------------------------------------------------- --------------------- --------------------------------------------------------------------------------------- --------------------- 5. BALANCE: 260,701.85 --------------------------------------------------------------------------------------- --------------------- --------------------------------------------------------------------------------------- --------------------- 6. LESS: TOTAL DISBURSEMENTS DURING CURRENT PERIOD 218,959.74 --------------------------------------------------------------------------------------- --------------------- --------------------------------------------------------------------------------------- --------------------- 7. ENDING BALANCE 41,742.11 --------------------------------------------------------------------------------------- ---------------------
------------------------------------------------------- ----------------------------------------------------- 8. PAYROLL ACCOUNT NUMBER 07007494365 ------------------------------------------------------- ----------------------------------------------------- DEPOSITORY NAME AND LOCATION Union Bank of California ------------------------------------------------------------------------------------------------------------- 445 South Figueroa St., Los Angeles, CA 90051 -------------------------------------------------------------------------------------------------------------
Page 8 of 17 TOTAL DISBURSEMENTS DURING CURRENT PERIOD (Payroll Account) ------------------------------------------------------------------------------------------------------------------------- February 2, 2001 Payroll Run - Summary of Expense ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- Wages Earned - Normal Recurring 78,201.35 ------------------------------------------------------------------------------------------------------------------------- Wages Earned - Adjustments & Voids 6,619.39 ------------------------------------------------------------------------------------------------------------------------- Wage Garnishments - ------------------------------------------------------------------------------------------------------------------------- Federal Income Taxes 10,125.70 ------------------------------------------------------------------------------------------------------------------------- Social Security 13,279.00 ------------------------------------------------------------------------------------------------------------------------- Medicare 3,105.59 ------------------------------------------------------------------------------------------------------------------------- State Unemployment Taxes - Employer 765.48 ------------------------------------------------------------------------------------------------------------------------- Federal Unemployment Taxes 1,935.08 ------------------------------------------------------------------------------------------------------------------------- State Unemployment Taxes - Employee 2,966.23 ------------------------------------------------------------------------------------------------------------------------- State Income Taxes 963.80 ------------------------------------------------------------------------------------------------------------------------- Total 117,961.64 ------------------------------------------------------------------------------------------------------------------------- ADP charges 306.93 ------------------------------------------------------------------------------------------------------------------------- TOTAL 118,268.57 ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- February 2, 2001 Payroll Run - Summary of Disbursements ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- ADP Checks Issued 111,342.25 ------------------------------------------------------------------------------------------------------------------------- Manual Checks Issued 6,619.36 ------------------------------------------------------------------------------------------------------------------------- TOTAL 117,961.64 ========================================================================================================================= ------------------------------------------------------------------------------------------------------------------------- February 16, 2001 Payroll Run - Summary of Expense ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- Wages Earned - Normal Recurring 61,933.82 ------------------------------------------------------------------------------------------------------------------------- Wages Earned - Adjustments & Voids 7,951.95 ------------------------------------------------------------------------------------------------------------------------- Wage Garnishments ------------------------------------------------------------------------------------------------------------------------- Federal Income Taxes 8,786.48 ------------------------------------------------------------------------------------------------------------------------- Social Security 11,009.52 ------------------------------------------------------------------------------------------------------------------------- Medicare 2,574.77 ------------------------------------------------------------------------------------------------------------------------- State Unemployment Taxes - Employer 2,090.61 ------------------------------------------------------------------------------------------------------------------------- Federal Unemployment Taxes 539.51 ------------------------------------------------------------------------------------------------------------------------- State Unemployment Taxes - Employee 799.07 ------------------------------------------------------------------------------------------------------------------------- State Income Taxes 1,743.95 ------------------------------------------------------------------------------------------------------------------------- Total 97,429.68 ------------------------------------------------------------------------------------------------------------------------- ADP charges 2,696.22 ------------------------------------------------------------------------------------------------------------------------- ADP charges 565.27 ------------------------------------------------------------------------------------------------------------------------- TOTAL 100,691.17 ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- February 16, 2001 Payroll Run - Summary of Disbursements ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- ADP Checks Issued 89,477.73 ------------------------------------------------------------------------------------------------------------------------- Manual Checks Issued 7,951.95 ------------------------------------------------------------------------------------------------------------------------- TOTAL 97,429.68 ========================================================================================================================= ------------------------------------------------------------------------------------------------------------------------- TOTAL PAYROLL ACCOUNT DISBURSEMENTS 218,959.74 =========================================================================================================================
Page 9 of 17 I. CASH RECEIPTS AND DISBURSEMENTS (Continued) B. (TAX ACCOUNT) --------------------------------------------------------------------------------------- --------------------- 1. TOTAL RECEIPTS PER ALL PRIOR TAX ACCOUNT REPORTS 25,000.00 --------------------------------------------------------------------------------------- --------------------- --------------------------------------------------------------------------------------- --------------------- 2. LESS: TOTAL DISBURSEMENTS PER ALL PRIOR TAX ACCOUNT REPORTS 0.00 --------------------------------------------------------------------------------------- --------------------- --------------------------------------------------------------------------------------- --------------------- 3. BEGINNING BALANCE 25,000.00 --------------------------------------------------------------------------------------- --------------------- --------------------------------------------------------------------------------------- --------------------- 4. RECEIPTS DURING CURRENT PERIOD --------------------------------------------------------------------------------------- --------------------- TRANSFERRED FROM GENERAL ACCOUNT 0.00 --------------------------------------------------------------------------------------- --------------------- --------------------------------------------------------------------------------------- --------------------- 5. BALANCE: 25,000.00 --------------------------------------------------------------------------------------- --------------------- --------------------------------------------------------------------------------------- --------------------- 6. LESS: TOTAL DISBURSEMENTS DURING CURRENT PERIOD --------------------------------------------------------------------------------------- --------------------- Date: 2/23/01, Ref.# 50617323, To: CA State Board of Equalization 12,214.29 --------------------------------------------------------------------------------------- --------------------- --------------------------------------------------------------------------------------- --------------------- TOTAL DISBURSEMENTS THIS PERIOD 12,214.29 --------------------------------------------------------------------------------------- --------------------- --------------------------------------------------------------------------------------- --------------------- 7. ENDING BALANCE 12,785.71 --------------------------------------------------------------------------------------- ---------------------
------------------------------------------------------- ----------------------------------------------------- 8. TAX ACCOUNT NUMBER 02180038712 ------------------------------------------------------- ----------------------------------------------------- DEPOSITORY NAME AND LOCATION Union Bank of California ------------------------------------------------------------------------------------------------------------- 445 South Figueroa St., Los Angeles, CA 90051 ------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------
D. SUMMARY SCHEDULE OF CASH --------------------------------------------------------------------------------------- --------------------- ENDING BALANCE FOR PERIOD --------------------------------------------------------------------------------------- --------------------- --------------------------------------------------------------------------------------- --------------------- GENERAL ACCOUNT 255,388.36 --------------------------------------------------------------------------------------- --------------------- PAYROLL ACCOUNT 41,742.11 --------------------------------------------------------------------------------------- --------------------- TAX ACCOUNT 12,785.71 --------------------------------------------------------------------------------------- --------------------- OTHER ACCOUNTS *: 2,016,467.35 --------------------------------------------------------------------------------------- --------------------- OTHER MONIES *: 0.00 --------------------------------------------------------------------------------------- --------------------- PETTY CASH ** 0.00 --------------------------------------------------------------------------------------- --------------------- --------------------------------------------------------------------------------------- --------------------- TOTAL CASH AVAILABLE 2,326,383.53 --------------------------------------------------------------------------------------- --------------------- --------------------------------------------------------------------------------------- ---------------------
* SPECIFY THE FUND AND THE TYPE OF HOLDING (I.E., CD, SAVINGS ACCOUNT, INVESTMENT SECURITIES, ETC.) AND THE DEPOSITORY NAME, LOCATION, AND ACCOUNT NUMBER ** ATTACH EXHIBIT ITEMIZING ALL PETTY CASH TRANSACTIONS NOTE: ATTACH COPIES OF ALL MONTHLY ACCOUNTS FROM FINANCIAL INSTITUTIONS FOR EACH ACCOUNT Page 10 of 17 OTHER ACCOUNTS (SUPPLEMENT TO SCHEDULE I.D.)
---------------------------------------------------------------- --------------------- ---------------------- BANK / ACCOUNT TYPE Account # Balance ---------------------------------------------------------------- --------------------- ---------------------- ---------------------------------------------------------------- --------------------- ---------------------- BANK OF AMERICA ---------------------------------------------------------------- --------------------- ---------------------- Master Concentration 14501-09188 970,239.84 ---------------------------------------------------------------- --------------------- ---------------------- Merchant 14501-09189 150,898.25 ---------------------------------------------------------------- --------------------- ---------------------- Moviefone 14502-09192 260.25 ---------------------------------------------------------------- --------------------- ---------------------- ---------------------------------------------------------------- --------------------- ---------------------- UNION BANK OF CALIFORNIA ---------------------------------------------------------------- --------------------- ---------------------- Master Concentration 0700494-349 893,086.33 ---------------------------------------------------------------- --------------------- ---------------------- FOB Cinemastar Luxury Cinemas, Inc. 0700494-373 1,985.68 ---------------------------------------------------------------- --------------------- ---------------------- Merchant 0700494-357 0.00 ---------------------------------------------------------------- --------------------- ---------------------- Moviefone 0700494-146 0.00 ---------------------------------------------------------------- --------------------- ---------------------- ---------------------------------------------------------------- --------------------- ---------------------- Total 2,016,467.35 ================================================================ ===================== ====================== ---------------------------------------------------------------- --------------------- ----------------------
Page 11 of 17 II. STATUS OF PAYMENTS TO SECURED CREDITORS, LESSORS, AND OTHER PARTIES TO EXECUTORY CONTRACTS
--------------------------------------------------------------------------------------------------------------------- CREDITOR, LESSOR, ETC. FREQUENCY OF PAYMENTS AMOUNT OF PAYMENT POST-PETITION TOTAL DUE (Mo./Qtr.) PAYMENTS NOT MADE (NUMBER) --------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------- Oceanside Mission Market Monthly $57,678.10 0 $0.00 Place (Lessor MM 13 Theater) --------------------------------------------------------------------------------------------------------------------- Coudres Family Ptrship Monthly $35,740.55 0 $0.00 (Lessor PR 10 Theater) --------------------------------------------------------------------------------------------------------------------- MDA - San Bernardino Monthly $96,851.61 0 $0.00 (Lessor SB20 Thtr) --------------------------------------------------------------------------------------------------------------------- Mission Grove Theater Monthly $89,050.40 0 $0.00 Properties I&II (Lessor MG 18 Theater) --------------------------------------------------------------------------------------------------------------------- United Title Company Monthly $4,983.40 0 $0.00 (Lessor - Corp Offices) --------------------------------------------------------------------------------------------------------------------- Union Bank of California Monthly $57,472.22 0 $0.00 ($2,000,000 loan, principal and interest) --------------------------------------------------------------------------------------------------------------------- Midland Loan Services Monthly $17,646.36 2 $17,646.36 (Mortgage Note on Chula Vista Property) --------------------------------------------------------------------------------------------------------------------- Union Bank of California Monthly $646.80 0 $0.00 (Auto Lease) ---------------------------------------------------------------------------------------------------------------------
III. TAX LIABILITIES ------------------------------------------------------------------------------------ ------------------------ FOR THE REPORTING PERIOD: ------------------------------------------------------------------------------------ ------------------------ GROSS SALES SUBJECT TO SALES TAX 153,668.68 ------------------------------------------------------------------------------------ ------------------------ TOTAL WAGES PAID 189,029.76 ------------------------------------------------------------------------------------ ------------------------
--------------------------------------- ----------------------- ---------------------- ---------------------- TOTAL POST-PETITION AMOUNT DELINQUENT DATE DELINQUENT AMOUNTS OWING AMOUNT DUE --------------------------------------- ----------------------- ---------------------- ---------------------- --------------------------------------- ----------------------- ---------------------- ---------------------- FEDERAL WITHHOLDING --------------------------------------- ----------------------- ---------------------- ---------------------- STATE WITHHOLDING --------------------------------------- ----------------------- ---------------------- ---------------------- FICA-EMPLOYER'S SHARE --------------------------------------- ----------------------- ---------------------- ---------------------- FICA - EMPLOYEE'S SHARE --------------------------------------- ----------------------- ---------------------- ---------------------- FEDERAL UNEMPLOYMENT --------------------------------------- ----------------------- ---------------------- ---------------------- STATE WITHHOLDING --------------------------------------- ----------------------- ---------------------- ---------------------- SALES AND USE 11,909.35 0.00 --------------------------------------- ----------------------- ---------------------- ---------------------- REAL PROPERTY 164,718.89 0.00 --------------------------------------- ----------------------- ---------------------- ---------------------- OTHER (SPECIFY) --------------------------------------- ----------------------- ---------------------- ---------------------- --------------------------------------- ----------------------- ---------------------- ---------------------- TOTAL 176,628.24 0.00 --------------------------------------- ----------------------- ---------------------- ----------------------
Page 12 of 17 IV. AGING OF ACCOUNTS PAYABLE AND ACCOUNTS RECEIVABLE
---------------------------- ------------------------------- ------------------------------------------------ ACCOUNTS RECEIVABLE ACCOUNTS PAYABLE * ------------------------ ----------------------- (POST-PETITION ONLY) Pre-Petition Post-Petition ---------------------------- ------------------------------- ------------------------ ----------------------- 30 days or less 411,631.11 ---------------------------- ------------------------------- ------------------------ ----------------------- 31-60 days ---------------------------- ------------------------------- ------------------------ ----------------------- 61-90 days ---------------------------- ------------------------------- ------------------------ ----------------------- 91-120 days ---------------------------- ------------------------------- ------------------------ ----------------------- Over 120 days ============================ =============================== ======================== ======================= TOTALS: 411,631.11 ---------------------------- ------------------------------- ------------------------ -----------------------
V. INSURANCE COVERAGE
----------------------- --------------------- -------------------- --------------------- -------------------- NAME OF CARRIER AMOUNT OF COVERAGE POLICY EXPIRATION PREMIUM PAID DATE THROUGH: ----------------------- --------------------- -------------------- --------------------- -------------------- General Liability Royal Insurance of $2,000,000 10/14/01 3/14/01 America ----------------------- --------------------- -------------------- --------------------- -------------------- Umbrella Liability St. Paul's $10,000,000 10/14/01 3/14/01 Insurance Company ----------------------- --------------------- -------------------- --------------------- -------------------- Automobile Liability Royal Insurance of $1,000,000 10/14/01 3/14/01 America ----------------------- --------------------- -------------------- --------------------- -------------------- Directors & Officers National Union Fire $5,000,000 6/20/01 3/14/01 Liability Insurance Company ----------------------- --------------------- -------------------- --------------------- -------------------- Workers Compensation State (of CA) Variable n/a 3/14/01 Compensation Insurance Fund ----------------------- --------------------- -------------------- --------------------- -------------------- Property Royal Insurance of $35,212,960 10/14/01 3/14/01 America ----------------------- --------------------- -------------------- --------------------- -------------------- Vacant Property Royal Indemnity $1,500,000 12/14/01 3/14/01 Company ----------------------- --------------------- -------------------- --------------------- -------------------- Foreign Package ACE USA $1,000,000 10/15/01 3/14/01 ----------------------- --------------------- -------------------- --------------------- --------------------
VI. UNITED STATES TRUSTEE QUARTERLY FEES (TOTAL PAYMENTS)
------------------- ------------------- --------------- ----------------- ----------------- ----------------- Qtrly Period Total Qtrly Fees Date Paid Amount Paid Qtrly Fee Still Ending Disbursements Owing ------------------- ------------------- --------------- ----------------- ----------------- ----------------- ------------------- ------------------- --------------- ----------------- ----------------- ----------------- ------------------- ------------------- --------------- ----------------- ----------------- ----------------- ------------------- ------------------- --------------- ----------------- ----------------- -----------------
* POST-PETITION ACCOUNTS PAYABLE SHOULD NOT INCLUDE PROFESSIONALS' FEES AND EXPENSES WHICH HAVE BEEN INCURRED BUT NOT YET AWARDED BY THE COURT. POST-PETITION ACCOUNTS PAYABLE SHOULD INCLUDE PROFESSIONALS' FEES AND EXPENSES AUTHORIZED BY COURT ORDER BUT WHICH REMAIN UNPAID AS OF THE CLOSE OF THE PERIOD OF THE REPORT. Page 13 of 17 VII. PROFIT AND LOSS STATEMENT (ACCRUAL BASIS ONLY) Cumulative Current Month Post-Petition ------------- ------------- Admission Revenue 852,093 1,935,562 Concession Revenue 332,330 733,207 Video Revenue 17,590 36,889 Screen Advertising 7,375 14,751 Other Revenues 4,501 4,598 ---------------------------------------------------------------------------- Theater Revenue 1,213,890 2,725,006 Film Rental Expense 402,727 1,031,325 Concession COGS 44,796 108,227 ---------------------------------------------------------------------------- Theater Cost of Goods Sold 447,523 1,139,552 ---------------------------------------------------------------------------- Theater Gross Margin 766,368 1,585,455 ---------------------------------------------------------------------------- Salaries 104,655 259,290 Payroll Taxes 12,247 30,363 Rent Expense 321,888 671,152 CAM Expense 25,946 63,655 Utility Expense 40,439 108,137 Advertising Expense 17,461 37,932 Co-op Advertising Expense 5,819 10,261 Repairs & Maint Expense 10,409 24,218 Janitorial Services 25,825 45,814 Janitorial Supplies Expense 7,254 14,674 Insurance Expense 26,180 37,760 Property Taxes 95,299 291,020 Security Expense 4,360 11,111 Travel & Entertainment 264 711 Vehicle Expense 0 0 Supplies Expense 4,089 13,634 Banking Fees 1,419 22,459 Equipment Rental Expense 1,290 2,669 Outside Services Expense 0 1,500 Other Theater Expense 1,153 15,480 Pre-Opening Expense 0 0 ---------------------------------------------------------------------------- Theater Operating Expenses 705,995 1,661,842 ---------------------------------------------------------------------------- Operating Income 60,373 (76,387) ---------------------------------------------------------------------------- General & Administrative Expenses 59,048 171,695 Deprec & Amortization 209,875 455,042 Interest Expense 59,311 122,076 Interest/Dividend Income 2 12,708 Taxes 482 961 Non-Recurring Income/Expense 0 (90,000) ---------------------------------------------------------------------------- Non-Operating (Income)/Expense 328,718 672,482 ---------------------------------------------------------------------------- Net Income (268,345) (748,870) ============================================================================
Page 14 of 17 VIII. BALANCE SHEET (ACCRUAL BASIS ONLY)
Current Month End ----------------- Cash 2,418,346 Accts Receivable (19,208) Conc Inventory 13,487 Concession Rebates 10,445 Supplies Inventory 9,777 Prepaids 465,629 ----------------------------------------------------------------------------- Current Assets 2,898,478 Fixed Assets 24,347,030 Accumulated Depreciation (12,930,220) ----------------------------------------------------------------------------- Net Fixed Assets 11,416,810 Deposits-Leases 43,789 Deposits-Concession 940 Deposits 200 Loan Orig Fee (20,690) Investment CLT SA de CV 22,875 Investment in Mexico 339,643 Goodwill - Mexico (128,003) ----------------------------------------------------------------------------- Other Assets 258,755 ----------------------------------------------------------------------------- Assets 14,574,042 ============================================================================= Accounts Payable 2,970,914 Accrued Payroll 266,628 Other Accruals 649,739 Deferred Revenue 475,072 Concession Advances 49,971 Short Term Notes Payable 0 ----------------------------------------------------------------------------- Current Liabilities 4,412,325 Deferred Rent Accrual 4,142,631 Capital Leases (10,301) Notes Payable 1,718,631 Credit Facility Debt 2,280,000 Intercompany Accounts 2,126,962 ----------------------------------------------------------------------------- Long-Term Liabilities 10,257,923 Common Stock 62,892 Additional Paid In Capital 29,642,292 Treasury Stock 0 Retained Earnings (26,278,047) Current Year Retained Earnings (3,523,342) Current Year Dividends 0 ----------------------------------------------------------------------------- Shareholders' Equity (96,206) ----------------------------------------------------------------------------- Liabilities & Equity 14,574,042 =============================================================================
Page 15 of 17 STATEMENT OF CASH FLOWS (Supplement to Balance Sheet)
Current Month ------------- CASH FLOW FROM OPERATIONS Net Income / (Loss) (268,345) Depreciation & Amortization 209,875 Non-Cash Interest Expense 0 Deferred Rent 74,758 Changes in Operating Assets & Liabilities: Change in Current Assets 105,081 Change in Other Assets 12,694 Change in Accounts Payable (157,050) Change in Other Liabilities (69,576) ----------------------------------------------------------------------------- Net Cash Provided By / (Used In) Operations (92,563) CASH FLOW FROM INVESTING ACTIVITIES Purchase of Property (1,029) Sale of Property 0 ----------------------------------------------------------------------------- Net Cash Provided By / (Used In) Investing Activities (1,029) CASH FLOW FROM FINANCING ACTIVITIES Payment of Debt & Capital Lease Obligations (70,000) Proceeds from Debt Issuance / Drawdown 0 Proceeds from Issuance of Common Stock 0 ----------------------------------------------------------------------------- Net Cash Provided By / (Used In) Financing Activities (70,000) ----------------------------------------------------------------------------- Net Increase / (Decrease) in Cash (163,592) ----------------------------------------------------------------------------- Beginning of Period Cash Balance 2,581,938 ----------------------------------------------------------------------------- ----------------------------------------------------------------------------- End of Period Cash Balance 2,418,346 =============================================================================
Page 16 of 17 IX. QUESTIONNAIRE 1. Has the debtor-in-possession made any payments on its pre-petition unsecured debt, except as has been authorized by the court? No X Yes Explain: 2. Has the debtor-in-possession during this reporting period provided compensation or remuneration to any officers, directors, principals or other insiders without appropriate authorization? No X Yes Amount, to whom, and for what period: 3. State what progress was made during the reporting period toward filing a plan of reorganization: Debtor has signed lease amendments for two of its theater properties which will reduce rent expense at each location by 40% over the life of the lease. 4. Describe potential future events which may have a significant impact on the case. 5. Attach copies of all Orders granting relief from the automatic stay that were entered during the reporting period. 6. Did you receive any exempt income this month, which is not set forth in the operating report? No X Yes If yes, please set forth the amounts and the source of the income. I, DONALD H. HARNOIS, JR., CHIEF FINANCIAL OFFICER, declare under penalty of perjury that I have fully read and understood the foregoing debtor-in-possession operating report and that the information contained herein is true and complete to the best of my knowledge. Date: March 18, 2001 s/ Donald H. Harnois, Jr. ---------------------------------- Principal for debtor-in-possession