-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RLpShtpXz6J8T4dvz2tedTSgty47CDHUig7ZV5JGiS9IFfGCYGlqrkhmWvmlw19R NrvT6TLYB7gF2PlWph1+9g== 0000912057-01-530316.txt : 20010828 0000912057-01-530316.hdr.sgml : 20010828 ACCESSION NUMBER: 0000912057-01-530316 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010718 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20010827 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CINEMASTAR LUXURY THEATERS INC CENTRAL INDEX KEY: 0000931085 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MOTION PICTURE THEATERS [7830] IRS NUMBER: 330451054 STATE OF INCORPORATION: CA FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-25252 FILM NUMBER: 1723822 BUSINESS ADDRESS: STREET 1: 12230 EL CAMINO REAL STREET 2: SUITE 320 CITY: SAN DIEGO STATE: CA ZIP: 92130 BUSINESS PHONE: 6195092777 MAIL ADDRESS: STREET 1: 12230 EL CAMINO REAL STREET 2: SUITE 320 CITY: SAN DIEGO STATE: CA ZIP: 92130 FORMER COMPANY: FORMER CONFORMED NAME: NICKELODEON THEATER CO INC DATE OF NAME CHANGE: 19941128 8-K 1 a2058118z8-k.txt FORM 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of Earliest Event Reported): July 18, 2001 CINEMASTAR LUXURY THEATERS, INC. -------------------------------------------------- (Exact Name of Registrant as Specified in Charter) DELAWARE 0-25252 33-0451054 - ---------------------------- -------------------- ------------------------- (State or Other Jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 7220 AVENIDA ENCINAS SUITE 203, CARLSBAD, CALIFORNIA 92009 ---------------------------------------------------------- (Address of Principal Executive Offices, including Zip Code) Registrant's telephone number, including area code (760) 929-2525 -------------- ITEM 5. OTHER EVENTS. (a) On July 18, 2001, CinemaStar Luxury Theatres, Inc. filed its Monthly Operating Report with the U.S. Bankruptcy Court for the Southern District of California, pursuant to the U.S. Trustee's Operating and Reporting Requirements for cases filed under Chapter 11 of the Bankruptcy Code. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (a) Exhibits. 99.1 Monthly Operation Report dated July 18, 2001 for the month of June 2001. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CINEMASTAR LUXURY THEATERS, INC. Dated: August 24, 2001 By: /s/ Donald H. Harnois, Jr. --------------------------------------- Donald H. Harnois, Jr. Vice President and Chief Financial Officer EXHIBIT INDEX
Exhibit # Item - ------------------------- --------------------------------------- 99.1 June 2001 Monthly Operating Report.
EX-99.1 3 a2058118zex-99_1.txt EXHIBIT 99.1 Exhibit 99.1 Kathryn M.S. Catherwood, 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: JUNE 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: July 18, 2001 s/ Kathryn M.S. Catherwood --------------------------------- 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. 6 FOR THE MONTH ENDING: JUNE 30, 2001 I. CASH RECEIPTS AND DISBURSEMENTS A. (GENERAL ACCOUNT *) - -------------------------------------------------------------------------------------------------------------- 1. TOTAL RECEIPTS PER ALL PRIOR GENERAL ACCOUNT REPORTS 6,307,404.85 - -------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------- 2. LESS: TOTAL DISBURSEMENTS PER ALL PRIOR GENERAL ACCOUNT REPORTS 6,696,433.21 - -------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------- 3. BEGINNING BALANCE (389,028.36) - -------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------- 4. RECEIPTS DURING CURRENT PERIOD - -------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------- ACCOUNTS RECEIVABLE - PRE-FILING 0.00 - -------------------------------------------------------------------------------------------------------------- ACCOUNTS RECEIVABLE - POST-FILING 0.00 - -------------------------------------------------------------------------------------------------------------- GENERAL SALES 2,052,741.30 - -------------------------------------------------------------------------------------------------------------- OTHER (SPECIFY) Advanced ticket sales, Mexico mgmnt fees 87,395.29 - -------------------------------------------------------------------------------------------------------------- OTHER ** (SPECIFY) Sale of University Village equipment 145,000.00 - -------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------- TOTAL RECEIPTS THIS PERIOD 2,285,136.59 - -------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------- 5. BALANCE: 1,896,108.23 - -------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------- 6. LESS: TOTAL DISBURSEMENTS DURING CURRENT PERIOD 1,796,478.01 - -------------------------------------------------------------------------------------------------------------- (Total from Page 2) - -------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------- 7. ENDING BALANCE 99,630.22 - -------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------- ----------------------------------------------------- 8. GENERAL ACCOUNT NUMBER 0700494381 - ------------------------------------------------------- ----------------------------------------------------- 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 # PAYEE PURPOSE AMOUNT - ------------------------------------------------------------------------------------------------------------- CHECKS - ------------------------------------------------------------------------------------------------------------- 6/4/01 16676 Coudres Family Rent 40,321.79 - ------------------------------------------------------------------------------------------------------------- 6/4/01 16677 Mssn Grove Theater Rent 64,443.41 - ------------------------------------------------------------------------------------------------------------- 6/4/01 16678 Mssn Grove Theater II Rent 32,355.40 - ------------------------------------------------------------------------------------------------------------- 6/4/01 16679 Oceanside Mssn Mkt Place Rent 66,947.53 - ------------------------------------------------------------------------------------------------------------- 6/4/01 16680 Redevelopment Agency SB Rent 82,000.00 - ------------------------------------------------------------------------------------------------------------- 6/4/01 16681 United Title Company Rent 4,983.30 - ------------------------------------------------------------------------------------------------------------- 6/4/01 16682 The Guardian Advertising 1,247.10 - ------------------------------------------------------------------------------------------------------------- 6/4/01 16683 Airborne Express Film Transport 145.60 - ------------------------------------------------------------------------------------------------------------- 6/4/01 16684 Press Inter. Meeting Advertising 47.12 - ------------------------------------------------------------------------------------------------------------- 6/4/01 16685 City Clerk Licenses and Permits 1,745.58 - ------------------------------------------------------------------------------------------------------------- 6/4/01 16686 CTSNET Internet Svcs Computer 256.50 - ------------------------------------------------------------------------------------------------------------- 6/4/01 16687 DC Electronics 2 Repairs & Maintenance 215.00 - ------------------------------------------------------------------------------------------------------------- 6/4/01 16688 De Lage Landen Telephone 85.43 - ------------------------------------------------------------------------------------------------------------- 6/4/01 16689 Redevelopment Agency SB Rent 12,500.00 - ------------------------------------------------------------------------------------------------------------- 6/4/01 16690 Roto-Rooter Plumbers Repairs & Maintenance 746.23 - ------------------------------------------------------------------------------------------------------------- 6/4/01 16691 Solomon Friedman Co Op Advertising 102.16 - ------------------------------------------------------------------------------------------------------------- 6/4/01 16692 Wholesale Commercial Dist. Games 335.05 - ------------------------------------------------------------------------------------------------------------- 6/4/01 16693 Heritage Foods Concessions supplies 601.60 - ------------------------------------------------------------------------------------------------------------- 6/6/01 16694 Manulife Financial Emp. Benefits 2,696.28 - ------------------------------------------------------------------------------------------------------------- 6/7/01 16695 Murphy's Printing Printing 129.00 - ------------------------------------------------------------------------------------------------------------- 6/7/01 16696 Star Track Operating supplies 688.00 - ------------------------------------------------------------------------------------------------------------- 6/7/01 16697 National Screen Svc Advertising 325.38 - ------------------------------------------------------------------------------------------------------------- 6/7/01 16698 Prudential Emp. Benefits 184.80 - ------------------------------------------------------------------------------------------------------------- 6/7/01 16699 SDG&E Deposit - Utilities 10,500.00 - ------------------------------------------------------------------------------------------------------------- 6/7/01 16700 Cinema Equip. Sales Repairs & Maintenance 264.65 - ------------------------------------------------------------------------------------------------------------- 6/7/01 16701 Franchise Tax Board Tax 800.00 - ------------------------------------------------------------------------------------------------------------- 6/7/01 16702 Airborne Express Film Transport 400.40 - ------------------------------------------------------------------------------------------------------------- 6/15/01 16703 AON Risk Insurance 11,580.00 - ------------------------------------------------------------------------------------------------------------- 6/15/01 16704 Armored Transport Security 905.69 - ------------------------------------------------------------------------------------------------------------- 6/15/01 16705 Brake Water Transport Film Transport 464.00 - ------------------------------------------------------------------------------------------------------------- 6/15/01 16706 CA Choice Emp. Benefits 15,338.85 - ------------------------------------------------------------------------------------------------------------- 6/15/01 16707 City of Riverside Utilities 14,339.58 - ------------------------------------------------------------------------------------------------------------- 6/15/01 16708 City of San Bernardino Security 1,274.28 - ------------------------------------------------------------------------------------------------------------- 6/15/01 16709 Continental Stock Transfer Outside Services 553.47 - ------------------------------------------------------------------------------------------------------------- 6/15/01 16710 Crown Point Design and Uniforms 1,904.16 Embroider - ------------------------------------------------------------------------------------------------------------- 6/15/01 16711 CR&R Utilities 1,335.27 - ------------------------------------------------------------------------------------------------------------- 6/15/01 16712 De Lage Landen Telephone 77.43 - ------------------------------------------------------------------------------------------------------------- 6/15/01 16713 Eastern Municipal Water Water, etc. 128.71 - ------------------------------------------------------------------------------------------------------------- 6/15/01 16714 Energi Outside Services 170.00 - ------------------------------------------------------------------------------------------------------------- 6/15/01 16715 The Guardian Advertising 1,407.57 - ------------------------------------------------------------------------------------------------------------- 6/15/01 16716 Insight Repairs & Maintenance 366.49 - ------------------------------------------------------------------------------------------------------------- Page 3 of 17 - ------------------------------------------------------------------------------------------------------------- 6/15/01 16717 Janitorial Maintenance Janitorial 16,815.00 - ------------------------------------------------------------------------------------------------------------- 6/15/01 16718 K Lavasany Travel 204.75 - ------------------------------------------------------------------------------------------------------------- 6/15/01 16719 National Environmental National Environmental 924.44 Waste Waste - ------------------------------------------------------------------------------------------------------------- 6/15/01 16720 Pacific Bell Telephone 1,787.56 - ------------------------------------------------------------------------------------------------------------- 6/15/01 16721 D Peacock Relocation 500.00 - ------------------------------------------------------------------------------------------------------------- 6/15/01 16722 Pure Flo Water Water, Corp. 35.78 - ------------------------------------------------------------------------------------------------------------- 6/15/01 16723 Roto-Rooter Plumbers Repairs & Maintenance 130.50 - ------------------------------------------------------------------------------------------------------------- 6/15/01 16724 SDG&E Utilities 9,305.57 - ------------------------------------------------------------------------------------------------------------- 6/15/01 16725 Sky Courier Film Transport 18.20 - ------------------------------------------------------------------------------------------------------------- 6/15/01 16726 Source One Repairs & Maintenance 3,680.03 - ------------------------------------------------------------------------------------------------------------- 6/15/01 16727 Staples Office Supplies 274.64 - ------------------------------------------------------------------------------------------------------------- 6/15/01 16728 State Compensation Ins. Workmen's Comp. 7,076.51 - ------------------------------------------------------------------------------------------------------------- 6/15/01 16729 Structural Termite and Repairs & Maintenance 85.00 Pest - ------------------------------------------------------------------------------------------------------------- 6/15/01 16730 Void - - - ------------------------------------------------------------------------------------------------------------- 6/15/01 16731 Verizon Telephone 586.21 - ------------------------------------------------------------------------------------------------------------- 6/15/01 16732 Vision Svc Plan Emp. Benefits 447.86 - ------------------------------------------------------------------------------------------------------------- 6/15/01 16733 Warner Bros Film Payable 150.00 - ------------------------------------------------------------------------------------------------------------- 6/15/01 16734 Western Municipal Water Water, etc. 359.88 Dist. - ------------------------------------------------------------------------------------------------------------- 6/15/01 16735 K Zolna Travel 292.55 - ------------------------------------------------------------------------------------------------------------- 6/15/01 16736 Airgas Concessions supplies 121.60 - ------------------------------------------------------------------------------------------------------------- 6/15/01 16737 Heritage Foods Concessions supplies 521.15 - ------------------------------------------------------------------------------------------------------------- 6/15/01 16738 MGM Films Film Payable 20,441.35 - ------------------------------------------------------------------------------------------------------------- 6/15/01 16739 Providence Film Payable 160.29 - ------------------------------------------------------------------------------------------------------------- 6/15/01 16740 Continental Stock Transfer Outside Services 814.13 - ------------------------------------------------------------------------------------------------------------- 6/15/01 16741 Inland Lighting Repairs & Maintenance 1,967.79 - ------------------------------------------------------------------------------------------------------------- 6/15/01 16742 SD County Tax Property Taxes 20,400.80 - ------------------------------------------------------------------------------------------------------------- 6/15/01 16743 Staples Office Supplies 270.12 - ------------------------------------------------------------------------------------------------------------- 6/26/01 16744 SB County Sun Advertising 6,446.70 - ------------------------------------------------------------------------------------------------------------- 6/27/01 16745 MGM Films Film Payable 6,073.49 - ------------------------------------------------------------------------------------------------------------- 6/28/01 16746 Airborne Express Film Transport 309.40 - ------------------------------------------------------------------------------------------------------------- 6/28/01 16747 AON Risk Insurance 11,000.00 - ------------------------------------------------------------------------------------------------------------- 6/28/01 16748 Arthur Andersen Outside Services 1,000.00 - ------------------------------------------------------------------------------------------------------------- 6/28/01 16749 D Cahill Travel 44.20 - ------------------------------------------------------------------------------------------------------------- 6/28/01 16750 CAPS Security 75.00 - ------------------------------------------------------------------------------------------------------------- 6/28/01 16751 CinemaStar Luxury Theaters Petty Cash 682.40 - ------------------------------------------------------------------------------------------------------------- 6/28/01 16752 City of Perris Licenses and Permits 617.50 - ------------------------------------------------------------------------------------------------------------- 6/28/01 16753 City of Oceanside Trash, etc. 1,809.46 - ------------------------------------------------------------------------------------------------------------- 6/28/01 16754 City of San Bernardino Trash, etc. 526.40 - ------------------------------------------------------------------------------------------------------------- 6/28/01 16755 Emeritus Communications Telephone 1,026.16 - ------------------------------------------------------------------------------------------------------------- 6/28/01 16756 First Sierra Financial Lease - trash compactor 1,782.60 - ------------------------------------------------------------------------------------------------------------- 6/28/01 16757 Gold Medal Products Repairs & Maintenance 15.44 - ------------------------------------------------------------------------------------------------------------- 6/28/01 16758 Inland Empire Glass Repairs & Maintenance 125.00 - ------------------------------------------------------------------------------------------------------------- Page 4 of 17 - ------------------------------------------------------------------------------------------------------------- 6/28/01 16759 K Lavasany Travel 245.70 - ------------------------------------------------------------------------------------------------------------- 6/28/01 16760 Light Bulbs Unlimited Repairs & Maintenance 64.50 - ------------------------------------------------------------------------------------------------------------- 6/28/01 16761 Mail Boxes, Etc Postage 71.73 - ------------------------------------------------------------------------------------------------------------- 6/28/01 16762 Manulife Financial Emp. Benefits 2,670.56 - ------------------------------------------------------------------------------------------------------------- 6/28/01 16763 Max Reynolds Repairs & Maintenance 225.00 - ------------------------------------------------------------------------------------------------------------- 6/28/01 16764 MCCann-Erickson Film Payable 619.63 - ------------------------------------------------------------------------------------------------------------- 6/28/01 16765 Murphy's Printing Printing 1,344.83 - ------------------------------------------------------------------------------------------------------------- 6/28/01 16766 NMSS Donation/advertising 500.00 - ------------------------------------------------------------------------------------------------------------- 6/28/01 16767 Paramount Pictures Film Payable 355.78 - ------------------------------------------------------------------------------------------------------------- 6/28/01 16768 Plumbing Specialists Repairs & Maintenance 526.03 - ------------------------------------------------------------------------------------------------------------- 6/28/01 16769 The Press Advertising 14,171.67 - ------------------------------------------------------------------------------------------------------------- 6/28/01 16770 San Bernardino Subs & Dues 120.00 - ------------------------------------------------------------------------------------------------------------- 6/28/01 16771 Sky Courier Film Transport 218.40 - ------------------------------------------------------------------------------------------------------------- 6/28/01 16772 Solomon Friedman Co Op Advertising 100.00 - ------------------------------------------------------------------------------------------------------------- 6/28/01 16773 Source One Repairs & Maintenance 11,420.26 - ------------------------------------------------------------------------------------------------------------- 6/28/01 16774 SA CA Edision Utilities 31,107.79 - ------------------------------------------------------------------------------------------------------------- 6/28/01 16775 Union Tribune Advertising 755.20 - ------------------------------------------------------------------------------------------------------------- 6/28/01 16776 Roy M Van Asch Janitorial 1,875.80 - ------------------------------------------------------------------------------------------------------------- 6/28/01 16777 Warner Bros Film Payable 50.00 - ------------------------------------------------------------------------------------------------------------- 6/28/01 16778 West Coast Appliance Repairs & Maintenance 220.00 - ------------------------------------------------------------------------------------------------------------- 6/28/01 16779 Heritage Foods Concessions supplies 502.11 - ------------------------------------------------------------------------------------------------------------- 560,983.26 - ------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------------- WIRE TRANSFERS - ------------------------------------------------------------------------------------------------------------- 6/5/01 290 DREAM WORKS DISTRIBUTION, Film Payable 146,222.64 LLC - ------------------------------------------------------------------------------------------------------------- 6/6/01 291 20TH CENTURY FOX Film Payable 783.68 - ------------------------------------------------------------------------------------------------------------- 6/6/01 292 MIRAMAX FILMS Film Payable 1,873.13 - ------------------------------------------------------------------------------------------------------------- 6/6/01 293 NEW LINE PICTURES Film Payable 914.4 - ------------------------------------------------------------------------------------------------------------- 6/6/01 294 PARAMOUNT PICTURES Film Payable 2,577.09 - ------------------------------------------------------------------------------------------------------------- 6/6/01 295 UNIVERSAL FILM Film Payable 32,796.70 EXCHANGES,INC. - ------------------------------------------------------------------------------------------------------------- 6/6/01 296 WARNER BROTHERS Film Payable 9,581.16 - ------------------------------------------------------------------------------------------------------------- 6/7/01 297 METROPOLITAN PROVISIONS Concession Purchases 16,882.12 - ------------------------------------------------------------------------------------------------------------- 6/7/01 298 PEPSI-COLA COMPANY Concession Purchases 13,257.90 - ------------------------------------------------------------------------------------------------------------- 6/13/01 299 20TH CENTURY FOX Film Payable 198.3 - ------------------------------------------------------------------------------------------------------------- 6/13/01 300 BUENA VISTA Film Payable 110,051.36 - ------------------------------------------------------------------------------------------------------------- 6/13/01 301 MIRAMAX FILMS Film Payable 2.24 - ------------------------------------------------------------------------------------------------------------- 6/13/01 302 NEW LINE PICTURES Film Payable 904.88 - ------------------------------------------------------------------------------------------------------------- 6/13/01 303 PARAMOUNT PICTURES Film Payable 2,826.77 - ------------------------------------------------------------------------------------------------------------- 6/13/01 304 UNIVERSAL FILM Film Payable 17,822.49 EXCHANGES,INC. - ------------------------------------------------------------------------------------------------------------- 6/13/01 305 WARNER BROTHERS Film Payable 765.03 - ------------------------------------------------------------------------------------------------------------- 6/13/01 306 SONY PICTURES Film Payable 25,000.00 - ------------------------------------------------------------------------------------------------------------- Page 5 of 17 - ------------------------------------------------------------------------------------------------------------- 6/14/01 307 PEPSI-COLA COMPANY Concession Purchases 6,892.47 - ------------------------------------------------------------------------------------------------------------- 6/15/01 308 20TH CENTURY FOX Film Payable 13,945.18 - ------------------------------------------------------------------------------------------------------------- 6/15/01 309 BUENA VISTA Film Payable 41,075.92 - ------------------------------------------------------------------------------------------------------------- 6/15/01 310 DREAM WORKS DISTRIBUTION, Film Payable 34,513.78 LLC - ------------------------------------------------------------------------------------------------------------- 6/15/01 311 MIRAMAX FILMS Film Payable 489.38 - ------------------------------------------------------------------------------------------------------------- 6/15/01 312 NEW LINE PICTURES Film Payable 454.31 - ------------------------------------------------------------------------------------------------------------- 6/15/01 313 PARAMOUNT PICTURES Film Payable 1,544.82 - ------------------------------------------------------------------------------------------------------------- 6/15/01 314 UNIVERSAL FILM Film Payable 6,967.81 EXCHANGES,INC. - ------------------------------------------------------------------------------------------------------------- 6/19/01 315 METROPOLITAN PROVISIONS Concession Purchases 10,156.82 - ------------------------------------------------------------------------------------------------------------- 6/22/01 316 METROPOLITAN PROVISIONS Concession Purchases 11,701.52 - ------------------------------------------------------------------------------------------------------------- 6/21/01 317 SONY PICTURES Film Payable 5,000.00 - ------------------------------------------------------------------------------------------------------------- 6/25/01 318 SONY PICTURES Film Payable 35,000.00 - ------------------------------------------------------------------------------------------------------------- 6/27/01 319 20TH CENTURY FOX Film Payable 6,883.89 - ------------------------------------------------------------------------------------------------------------- 6/27/01 320 BUENA VISTA Film Payable 15,162.53 - ------------------------------------------------------------------------------------------------------------- 6/27/01 321 DREAM WORKS DISTRIBUTION, Film Payable 47,338.78 LLC - ------------------------------------------------------------------------------------------------------------- 6/27/01 322 UNIVERSAL FILM Film Payable 4,303.44 EXCHANGES,INC. - ------------------------------------------------------------------------------------------------------------- 6/27/01 323 WARNER BROTHERS Film Payable 43,836.56 - ------------------------------------------------------------------------------------------------------------- 6/28/01 324 PEPSI-COLA COMPANY Concession Purchases 3,211.58 - ------------------------------------------------------------------------------------------------------------- 6/28/01 325 METROPOLITAN PROVISIONS Film Payable 15,593.74 - ------------------------------------------------------------------------------------------------------------- 6/8/01 335 SONY PICTURES Film Payable 2,306.14 - ------------------------------------------------------------------------------------------------------------- 688,838.56 - ------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------------- DIRECT DEBITS TO UNION BANK OF CALIFORNIA ACCT # 0700494381 - ------------------------------------------------------------------------------------------------------------- 1-Jun ADP fees 623.54 - ------------------------------------------------------------------------------------------------------------- 11-Jun Postage Online 300.00 - ------------------------------------------------------------------------------------------------------------- 15-Jun ADP fees 597.53 - ------------------------------------------------------------------------------------------------------------- 21-Jun Trf - pmt of State Tax 26,639.00 - ------------------------------------------------------------------------------------------------------------- 22-Jun UBOC 130,000.00 - ------------------------------------------------------------------------------------------------------------- 25-Jun Bank Chgs 2,919.56 - ------------------------------------------------------------------------------------------------------------- 29-Jun ADP fees 650.27 - ------------------------------------------------------------------------------------------------------------- 30-Jun Bank Rec Adjustments -59.05 - ------------------------------------------------------------------------------------------------------------- 30-Jun Bank Service Charges 6,985.34 - ------------------------------------------------------------------------------------------------------------- 168,656.19 - ------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------------- DISBURSEMENTS FOR CINEMAS - ------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------------- INTERCOMPANY TRANSFERS - ------------------------------------------------------------------------------------------------------------- 1-Jun To UBOC Acct. # Payroll 100,000.00 07007494365 - ------------------------------------------------------------------------------------------------------------- 6-Jun To UBOC Acct. # Payroll 10,000.00 07007494365 - ------------------------------------------------------------------------------------------------------------- 13-Jun To UBOC Acct. # Payroll 115,000.00 07007494365 - ------------------------------------------------------------------------------------------------------------- Page 6 of 17 - ------------------------------------------------------------------------------------------------------------- 22-Jun To UBOC Acct. # 2180038712 Tax payable 38,000.00 - ------------------------------------------------------------------------------------------------------------- 28-Jun To UBOC Acct. # Payroll 115,000.00 07007494365 - ------------------------------------------------------------------------------------------------------------- 378,000.00 - ------------------------------------------------------------------------------------------------------------- TOTAL ACCOUNTS PAYABLE DISBURSEMENTS 1,796,478.01 =============================================================================================================
Page 7 of 17 I. CASH RECEIPTS AND DISBURSEMENTS (Continued) B. (PAYROLL ACCOUNT) - -------------------------------------------------------------------------------------------------------------- 1. TOTAL RECEIPTS PER ALL PRIOR PAYROLL ACCOUNT REPORTS 945,535.93 - -------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------- 2. LESS: TOTAL DISBURSEMENTS PER ALL PRIOR PAYROLL ACCOUNT REPORTS 1,008,037.20 - -------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------- 3. BEGINNING BALANCE (62,501.27) - -------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------- 4. RECEIPTS DURING CURRENT PERIOD 340,000.00 - -------------------------------------------------------------------------------------------------------------- TRANSFERRED FROM GENERAL ACCOUNT - -------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------- 5. BALANCE: 277,498.73 - -------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------- 6. LESS: TOTAL DISBURSEMENTS DURING CURRENT PERIOD 214,519.17 - -------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------- 7. ENDING BALANCE 62,979.56 ==============================================================================================================
- -------------------------------------------------------------------------------------------------------------- 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) - ---------------------------------------------------------------------------------------------------------------- JUNE 8, 2001 PAYROLL RUN - SUMMARY OF EXPENSE - ---------------------------------------------------------------------------------------------------------------- Wages Earned - Normal Recurring 76,657.17 - ---------------------------------------------------------------------------------------------------------------- Wages Earned - Adjustments & Voids 2,350.21 - ---------------------------------------------------------------------------------------------------------------- Wage Garnishments 27.23 - ---------------------------------------------------------------------------------------------------------------- Federal IncomeTaxes 10,779.45 - ---------------------------------------------------------------------------------------------------------------- Social Security 12,754.48 - ---------------------------------------------------------------------------------------------------------------- Medicare 2,982.78 - ---------------------------------------------------------------------------------------------------------------- State Unemployment Taxes - Employer 1,754.01 - ---------------------------------------------------------------------------------------------------------------- Federal Unemployment Taxes 452.65 - ---------------------------------------------------------------------------------------------------------------- State Unemployment Taxes - Employee 875.31 - ---------------------------------------------------------------------------------------------------------------- State Income Taxes 1,977.93 - ---------------------------------------------------------------------------------------------------------------- 110,611.22 - ---------------------------------------------------------------------------------------------------------------- JUNE 8, 2001 PAYROLL RUN - SUMMARY OF DISBURSEMENTS - ---------------------------------------------------------------------------------------------------------------- ADP Checks Issued [Net salary plus tax] 106,734.28 - ---------------------------------------------------------------------------------------------------------------- Manual Checks, etc. 3,876.94 - ---------------------------------------------------------------------------------------------------------------- 110,611.22 - ---------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------- JUNE 22, 2001 PAYROLL RUN - SUMMARY OF EXPENSE - ---------------------------------------------------------------------------------------------------------------- Wages Earned - Normal Recurring 73,374.05 - ---------------------------------------------------------------------------------------------------------------- Wages Earned - Adjustments & Voids 1,563.24 - ---------------------------------------------------------------------------------------------------------------- Wage Garnishments 54.46 - ---------------------------------------------------------------------------------------------------------------- Federal IncomeTaxes 9,517.06 - ---------------------------------------------------------------------------------------------------------------- Social Security 11,985.71 - ---------------------------------------------------------------------------------------------------------------- Medicare 2,803.20 - ---------------------------------------------------------------------------------------------------------------- State Unemployment Taxes - Employer 1,647.02 - ---------------------------------------------------------------------------------------------------------------- Federal Unemployment Taxes 425.04 - ---------------------------------------------------------------------------------------------------------------- State Unemployment Taxes - Employee 819.60 - ---------------------------------------------------------------------------------------------------------------- State Income Taxes 1,718.57 - ---------------------------------------------------------------------------------------------------------------- 103,907.95 - ---------------------------------------------------------------------------------------------------------------- JUNE 22, 2001 PAYROLL RUN - SUMMARY OF DISBURSEMENTS - ---------------------------------------------------------------------------------------------------------------- ADP Checks Issued [Net salary plus tax] 102,344.71 - ---------------------------------------------------------------------------------------------------------------- Manual Checks Issued 1,563.24 - ---------------------------------------------------------------------------------------------------------------- 103,907.95 - ---------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------- TOTAL PAYROLL ACCOUNT DISBURSEMENTS 214,519.17 ================================================================================================================
Page 9 of 17 I. CASH RECEIPTS AND DISBURSEMENTS (Continued) B. (TAX ACCOUNT) - ---------------------------------------------------------------------------------------------------------------- 1. TOTAL RECEIPTS PER ALL PRIOR TAX ACCOUNT REPORTS 60,000.00 - ---------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------- 2. LESS: TOTAL DISBURSEMENTS PER ALL PRIOR TAX ACCOUNT REPORTS 44,126.29 - ---------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------- 3. BEGINNING BALANCE 15,873.71 - ---------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------- 4. RECEIPTS DURING CURRENT PERIOD - ---------------------------------------------------------------------------------------------------------------- TRANSFERRED FROM GENERAL ACCOUNT 38,000.00 - ---------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------- 5. BALANCE: 53,873.71 - ---------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------- 6. LESS: TOTAL DISBURSEMENTS DURING CURRENT PERIOD - ---------------------------------------------------------------------------------------------------------------- Date: 6/21/01, wire transfer, To: CA State Board of Equalization 26,639.00 - ---------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------- TOTAL DISBURSEMENTS THIS PERIOD 26,639.00 - ---------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------- 7. ENDING BALANCE 27,234.71 ================================================================================================================
- ---------------------------------------------------------------------------------------------------------------- 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 99,630.22 - ---------------------------------------------------------------------------------------------------------------- PAYROLL ACCOUNT 62,979.56 - ---------------------------------------------------------------------------------------------------------------- TAX ACCOUNT 27,234.71 - ---------------------------------------------------------------------------------------------------------------- OTHER ACCOUNTS *: 1,648,833.63 - ---------------------------------------------------------------------------------------------------------------- OTHER MONIES *: 0.00 - ---------------------------------------------------------------------------------------------------------------- PETTY CASH ** 0.00 - ---------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------- TOTAL CASH AVAILABLE 1,838,678.12 - ---------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------
* 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 0.00 - ------------------------------------------------------------------------------------------------------------- Merchant 14501-09189 0.00 - ------------------------------------------------------------------------------------------------------------- Moviefone 14502-09192 0.00 - ------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------------- UNION BANK OF CALIFORNIA - ------------------------------------------------------------------------------------------------------------- Master Concentration 0700494-349 1,482,069.09 - ------------------------------------------------------------------------------------------------------------- FOB Cinemastar Luxury Cinemas, Inc. 0700494-373 2,533.71 - ------------------------------------------------------------------------------------------------------------- Merchant 0700494-357 164,230.83 - ------------------------------------------------------------------------------------------------------------- Moviefone 0700494-146 0.00 - ------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------------- Total 1,648,833.63 ============================================================================================================= - -------------------------------------------------------------------------------------------------------------
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 6 $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 261,255.99 - ----------------------------------------------------------------------------------------------------------------- TOTAL WAGES PAID 214,519.17 - -----------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------- 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 19,594.20 0.00 - ----------------------------------------------------------------------------------------------------------------- REAL PROPERTY 17,445.59 17,445.59 4/10/01 - ----------------------------------------------------------------------------------------------------------------- OTHER (SPECIFY) - ----------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------- TOTAL 37,039.79 17,445.59 - -----------------------------------------------------------------------------------------------------------------
Page 12 of 17 IV. AGING OF ACCOUNTS PAYABLE AND ACCOUNTS RECEIVABLE
- ----------------------------------------------------------------------------------------------------------------- ACCOUNTS PAYABLE * ACCOUNTS RECEIVABLE (POST-PETITION ONLY) ------------------------------------- Pre-Petition Post-Petition - ----------------------------------------------------------------------------------------------------------------- 30 days or less 60,843.80 - ----------------------------------------------------------------------------------------------------------------- 31-60 days 1,244.49 - ----------------------------------------------------------------------------------------------------------------- 61-90 days - ----------------------------------------------------------------------------------------------------------------- 91-120 days - ----------------------------------------------------------------------------------------------------------------- Over 120 days - ----------------------------------------------------------------------------------------------------------------- TOTALS: 62,088.29 - -----------------------------------------------------------------------------------------------------------------
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 7/14/01 America - ----------------------------------------------------------------------------------------------------------------- Umbrella Liability St. Paul's $10,000,000 10/14/01 7/14/01 Insurance Company - ----------------------------------------------------------------------------------------------------------------- Automobile Liability Royal Insurance of $1,000,000 10/14/01 7/14/01 America - ----------------------------------------------------------------------------------------------------------------- Directors & Officers National Union Fire $5,000,000 6/20/01 8/31/01 Liability Insurance Company - ----------------------------------------------------------------------------------------------------------------- Workers Compensation State (of CA) Variable n/a 6/30/01 Compensation Insurance Fund - ----------------------------------------------------------------------------------------------------------------- Property Royal Insurance of $35,212,960 10/14/01 7/14/01 America - ----------------------------------------------------------------------------------------------------------------- Vacant Property Royal Indemnity $1,500,000 12/14/01 7/14/01 Company - ----------------------------------------------------------------------------------------------------------------- Foreign Package ACE USA $1,000,000 10/15/01 7/14/01 - -----------------------------------------------------------------------------------------------------------------
VI. UNITED STATES TRUSTEE QUARTERLY FEES (TOTAL PAYMENTS)
- ----------------------------------------------------------------------------------------------------------------- Qtrly Period Total Qtrly Fees Date Paid Amount Paid Qtrly Fee Still Ending Disbursements Owing - ----------------------------------------------------------------------------------------------------------------- 3/31/01 3,552,815.00 8,000.00 5/17/01 8,000.00 0.00 - ----------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------- - -----------------------------------------------------------------------------------------------------------------
* 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 1,451,975 6,050,047 Concession Revenue 587,298 2,386,641 Video Revenue 27,028 119,261 Screen Advertising 10,366 51,191 Other Revenues 1,454 17,581 - ------------------------------------------------------------------------------------------------- Theater Revenue 2,078,119 8,624,722 Film Rental Expense 750,261 3,200,369 Concession COGS 80,904 340,447 - ------------------------------------------------------------------------------------------------- Theater Cost of Goods Sold 831,165 3,540,815 - ------------------------------------------------------------------------------------------------- Theater Gross Margin 1,246,954 5,083,907 - ------------------------------------------------------------------------------------------------- Salaries 164,209 809,564 Payroll Taxes 16,964 89,430 Rent Expense 268,111 1,728,904 CAM Expense 31,257 189,725 Utility Expense 61,484 364,381 Advertising Expense 20,014 120,522 Co-op Advertising Expense 12,639 39,652 Repairs & Maint Expense 11,642 73,336 Janitorial Services 20,084 131,746 Janitorial Supplies Expense 6,467 38,029 Insurance Expense 17,625 112,907 Property Taxes 25,680 168,025 Security Expense 3,116 24,324 Travel & Entertainment 409 2,588 Vehicle Expense 0 0 Supplies Expense 23,285 50,115 Banking Fees 12,793 42,596 Equipment Rental Expense 1,783 7,233 Outside Services Expense 0 7 Other Theater Expense 4,659 45,546 Pre-Opening Expense 0 0 - ------------------------------------------------------------------------------------------------- Theater Operating Expenses 702,221 4,038,631 - ------------------------------------------------------------------------------------------------- Operating Income 544,733 1,045,276 - ------------------------------------------------------------------------------------------------- General & Administrative Expenses 59,004 489,017 Deprec & Amortization 209,927 1,294,712 Interest Expense 43,989 281,442 Interest/Dividend Income (8) (16,913) Taxes 482 2,889 Non-Recurring Income/Expense 697,168 607,168 - ------------------------------------------------------------------------------------------------- Non-Operating (Income)/Expense 1,010,561 2,658,314 - ------------------------------------------------------------------------------------------------- Net Income (465,828) (1,613,038) =================================================================================================
Page 14 of 17 VIII. BALANCE SHEET (ACCRUAL BASIS ONLY)
Current Month End ----------------- Cash 2,266,955 Accts Receivable 57 Conc Inventory 53,932 Concession Rebates 6,732 Supplies Inventory 9,777 Prepaids 369,490 - ---------------------------------------------------------------------------------------- Current Assets 2,706,943 Fixed Assets 23,295,749 Accumulated Depreciation (13,390,827) - ---------------------------------------------------------------------------------------- Net Fixed Assets 9,904,921 Deposits-Leases 43,789 Deposits-Concession 990 Deposits 200 Investment CLT SA de CV 22,875 Investment in Mexico 339,643 Goodwill - Mexico (144,176) - ---------------------------------------------------------------------------------------- Other Assets 263,321 - ---------------------------------------------------------------------------------------- Assets 12,875,185 ======================================================================================== Accounts Payable 2,341,919 Accrued Payroll 286,748 Other Accruals 718,896 Deferred Revenue 455,381 Concession Advances 16,685 Short Term Notes Payable 0 - ---------------------------------------------------------------------------------------- Current Liabilities 3,819,628 Capital Leases (10,401) Credit Facility Debt 2,010,000 Notes Payable 1,717,721 - ---------------------------------------------------------------------------------------- Debt and Capital Leases 3,717,321 Deferred Rent Accrual 4,198,429 Intercompany Accounts 2,201,678 - ---------------------------------------------------------------------------------------- Long-Term Liabilities 6,400,107 Common Stock 62,892 Additional Paid In Capital 29,642,292 Treasury Stock 0 Retained Earnings (26,278,047) Current Year Retained Earnings (4,489,007) Current Year Dividends 0 - ---------------------------------------------------------------------------------------- Shareholders' Equity (1,061,871) - ---------------------------------------------------------------------------------------- Liabilities & Equity 12,875,185 ========================================================================================
Page 15 of 17 STATEMENT OF CASH FLOWS (Supplement to Balance Sheet)
Current Month ------------- CASH FLOW FROM OPERATIONS Net Income / (Loss) (465,828) Depreciation & Amortization 209,927 Non-Cash Loss on Sale of Equipment 697,167 Deferred Rent 13,949 Changes in Operating Assets & Liabilities: Change in Current Assets 44,430 Change in Other Assets (25) Change in Accounts Payable 84,432 Change in Other Liabilities 90,835 - ------------------------------------------------------------------------------------------------ Net Cash Provided By / (Used In) Operations 674,887 CASH FLOW FROM INVESTING ACTIVITIES Purchase of Property 0 Sale of Property 145,000 - ------------------------------------------------------------------------------------------------ Net Cash Provided By / (Used In) Investing Activities 145,000 CASH FLOW FROM FINANCING ACTIVITIES Payment of Debt & Capital Lease Obligations (165,000) Proceeds from Debt Issuance / Drawdown 0 Proceeds from Issuance of Common Stock 0 - ------------------------------------------------------------------------------------------------ Net Cash Provided By / (Used In) Financing Activities (165,000) - ------------------------------------------------------------------------------------------------ Net Increase / (Decrease) in Cash 654,888 - ------------------------------------------------------------------------------------------------ Beginning of Period Cash Balance 1,612,067 - ------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------ End of Period Cash Balance 2,266,955 ================================================================================================
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: A plan of reorganization was filed with the court on June 4, 2001. 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: July 18, 2001 s/ Donald H. Harnois, Jr. ----------------------------------- Principal for debtor-in-possession -----END PRIVACY-ENHANCED MESSAGE-----