EX-99.5 6 h52889exv99w5.htm MONTHLY FINANCIAL REPORT OF KH GROUND, INC. exv99w5
 

Exhibit 99.5
Monthly Operating Report
ACCRUAL BASIS
2007
CASE NAME: KH Ground, Inc.
CASE NUMBER: 07-44540
JUDGE: Russell F. Nelms
UNITED STATES BANKRUPTCY COURT
NORTHERN DISTRICT OF TEXAS
DIVISION 6
MONTHLY OPERATING REPORT
MONTH ENDING: NOVEMBER 30, 2007
IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-7) AND THE ACCOMPANYING ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY): IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE.
RESPONSIBLE PARTY:
         
/s/ James R. Kupferschmid
  VP and Chief Financial Officer    
 
       
ORIGINAL SIGNATURE OF RESPONSIBLE PARTY
  TITLE    
 
        
James R. Kupferschmid
  December 31, 2007    
 
       
PRINTED NAME OF RESPONSIBLE PARTY
  DATE    
 
        
PREPARER:
        
 
                
/s/ Jessica L. Wilson
  Chief Accounting Officer    
 
       
ORIGINAL SIGNATURE OF PREPARER
  TITLE    
 
        
Jessica L. Wilson
  December 31, 2007    
 
       
PRINTED NAME OF PREPARER
  DATE    

 

 

Monthly Operating Report
ACCRUAL BASIS-1
2007
CASE NAME: KH Ground, Inc.
CASE NUMBER: 07-44540
COMPARATIVE BALANCE SHEET
                                 
    SCHEDULE   MONTH   MONTH   MONTH
    AMOUNT   October 2007   November 2007        
 
ASSETS
                                
1. UNRESTRICTED CASH
   $ 0     $ 0     $ 0          
2. RESTRICTED CASH
   $ 0     $ 0     $ 0          
 
3. TOTAL CASH
   $ 0     $ 0     $ 0     $ 0  
 
4. ACCOUNTS RECEIVABLE (NET)
   $ 0     $ 0     $ 0          
5. INVENTORY
   $ 0     $ 0     $ 0          
6. NOTES RECEIVABLE
   $ 0     $ 0     $ 0          
7. PREPAID EXPENSES
   $ 0     $ 0     $ 0          
8. OTHER (ATTACH LIST)
   $ 0     $ 0     $ 0          
 
9. TOTAL CURRENT ASSETS
   $ 0     $ 0     $ 0     $ 0  
 
10. PROPERTY, PLANT & EQUIPMENT
   $ 0     $ 0     $ 0          
11. LESS: ACCUMULATED DEPRECIATION / DEPLETION
   $ 0     $ 0     $ 0          
 
12. NET PROPERTY, PLANT & EQUIPMENT
   $ 0     $ 0     $ 0     $ 0  
 
13. DUE FROM INSIDERS
   $ 0     $ 0     $ 0          
14. OTHER ASSETS — NET OF AMORTIZATION (ATTACH LIST)
   $ 0     $ 0     $ 0          
15. OTHER (ATTACH LIST)
   $ 0     $ 0     $ 0          
 
16. TOTAL ASSETS
   $ 0     $ 0     $ 0     $ 0  
 
POSTPETITION LIABILITIES
                                
17. ACCOUNTS PAYABLE
           $ 0     $ 0          
18. TAXES PAYABLE
           $ 0     $ 0          
19. NOTES PAYABLE
           $ 0     $ 0          
20. PROFESSIONAL FEES
           $ 0     $ 0          
21. SECURED DEBT
           $ 0     $ 0          
22. OTHER (ATTACH LIST)
           $ 0     $ 0          
 
23. TOTAL POSTPETITION LIABILITIES
           $ 0     $ 0     $ 0  
 
PREPETITION LIABILITIES
                                
24. SECURED DEBT
   $ 16,684,744     $ 0     $ 0          
25. PRIORITY DEBT
   $ 0     $ 0     $ 0          
26. UNSECURED DEBT
   $ 0     $ 0     $ 0          
27. OTHER (ATTACH LIST)
   $ 0     $ 0     $ 0          
 
28. TOTAL PREPETITION LIABILITIES
   $ 16,684,744     $ 0     $ 0     $ 0  
 
29. TOTAL LIABILITIES
   $ 16,684,744     $ 0     $ 0     $ 0  
 
EQUITY
                                
30. PREPETITION OWNERS’ EQUITY
     0     $ 0     $ 0          
31. POSTPETITION CUMULATIVE PROFIT OR (LOSS)
           $ 0     $ 0          
32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION)
           $ 0     $ 0          
 
33. TOTAL EQUITY
   $ 0     $ 0     $ 0     $ 0  
 
34. TOTAL LIABILITIES & OWNERS’ EQUITY
   $ 16,684,744     $ 0     $ 0     $ 0  
 

 

 

Monthly Operating Report
ACCRUAL BASIS-2
2007
CASE NAME: KH Ground, Inc.
CASE NUMBER: 07-44540
INCOME STATEMENT
                                 
    MONTH   MONTH   MONTH   QUARTER
    October 2007   November 2007           TOTAL
 
REVENUES
                                
1. GROSS REVENUES
   $ 0     $ 0             $ 0  
2. LESS: RETURNS & DISCOUNTS
   $ 0     $ 0             $ 0  
3. NET REVENUE
   $ 0     $ 0     $ 0     $ 0  
COST OF GOODS SOLD
                                
4. MATERIAL
   $ 0     $ 0             $ 0  
5. DIRECT LABOR
   $ 0     $ 0             $ 0  
6. DIRECT OVERHEAD
   $ 0     $ 0             $ 0  
 
7. TOTAL COST OF GOODS SOLD
   $ 0     $ 0     $ 0     $ 0  
 
8. GROSS PROFIT
   $ 0     $ 0     $ 0     $ 0  
OPERATING EXPENSES
                                
9. OFFICER / INSIDER COMPENSATION
   $ 0     $ 0             $ 0  
10. SELLING & MARKETING
   $ 0     $ 0             $ 0  
11. GENERAL & ADMINISTRATIVE
   $ 0     $ 0             $ 0  
12. RENT & LEASE
   $ 0     $ 0             $ 0  
13. OTHER (ATTACH LIST)
   $ 0     $ 0             $ 0  
 
14. TOTAL OPERATING EXPENSES
   $ 0     $ 0     $ 0     $ 0  
 
15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE
   $ 0     $ 0     $ 0     $ 0  
OTHER INCOME & EXPENSES
                                
16. NON-OPERATING INCOME (ATT. LIST)
   $ 0     $ 0             $ 0  
17. NON-OPERATING EXPENSE (ATT. LIST)
   $ 0     $ 0             $ 0  
18. INTEREST EXPENSE
   $ 0     $ 0             $ 0  
19. DEPRECIATION / DEPLETION
   $ 0     $ 0             $ 0  
20. AMORTIZATION
   $ 0     $ 0             $ 0  
21. OTHER (ATTACH LIST)
   $ 0     $ 0             $ 0  
22. NET OTHER INCOME & EXPENSES
   $ 0     $ 0     $ 0     $ 0  
REORGANIZATION EXPENSES
                                
23. PROFESSIONAL FEES
   $ 0     $ 0             $ 0  
24. U.S. TRUSTEE FEES
   $ 0     $ 0             $ 0  
25. OTHER (ATTACH LIST)
   $ 0     $ 0             $ 0  
 
26. TOTAL REORGANIZATION EXPENSES
   $ 0     $ 0     $ 0     $ 0  
 
27. INCOME TAX
   $ 0     $ 0                  
 
28. NET PROFIT (LOSS)
   $ 0     $ 0     $ 0     $ 0  
 

 

 

Monthly Operating Report
ACCRUAL BASIS-3
2007
CASE NAME: KH Ground, Inc.
CASE NUMBER: 07-44540
                                 
    MONTH   MONTH   MONTH   QUARTER
    October 2007   November 2007           TOTAL
 
CASH RECEIPTS AND DISBURSEMENTS
                                
1. CASH — BEGINNING OF MONTH
   $ 0     $ 0     $ 0     $ 0  
RECEIPTS FROM OPERATIONS
                                
2. CASH SALES
   $ 0     $ 0             $ 0  
COLLECTION OF ACCOUNTS RECEIVABLE
                                
3. PREPETITION
   $ 0     $ 0             $ 0  
4. POSTPETITION
   $ 0     $ 0             $ 0  
5. TOTAL OPERATING RECEIPTS
   $ 0     $ 0     $ 0     $ 0  
NON-OPERATING RECEIPTS
                                
6. LOANS & ADVANCES (ATTACH LIST)
   $ 0     $ 0             $ 0  
7. SALE OF ASSETS
   $ 0     $ 0             $ 0  
8. OTHER (ATTACH LIST)
   $ 0     $ 0             $ 0  
 
9. TOTAL NON-OPERATING RECEIPTS
   $ 0     $ 0     $ 0     $ 0  
 
10. TOTAL RECEIPTS
   $ 0     $ 0     $ 0     $ 0  
 
11. TOTAL CASH AVAILABLE
   $ 0     $ 0     $ 0     $ 0  
OPERATING DISBURSEMENTS
                                
12. NET PAYROLL
   $ 0     $ 0             $ 0  
13. PAYROLL TAXES PAID
   $ 0     $ 0             $ 0  
14. SALES, USE & OTHER TAXES PAID
   $ 0     $ 0             $ 0  
15. SECURED / RENTAL / LEASES
   $ 0     $ 0             $ 0  
16. UTILITIES
   $ 0     $ 0             $ 0  
17. INSURANCE
   $ 0     $ 0             $ 0  
18. INVENTORY PURCHASES
   $ 0     $ 0             $ 0  
19. VEHICLE EXPENSES
   $ 0     $ 0             $ 0  
20. TRAVEL
   $ 0     $ 0             $ 0  
21. ENTERTAINMENT
   $ 0     $ 0             $ 0  
22. REPAIRS & MAINTENANCE
   $ 0     $ 0             $ 0  
23. SUPPLIES
   $ 0     $ 0             $ 0  
24. ADVERTISING
   $ 0     $ 0             $ 0  
25. OTHER (ATTACH LIST)
   $ 0     $ 0             $ 0  
26. TOTAL OPERATING DISBURSEMENTS
   $ 0     $ 0     $ 0     $ 0  
REORGANIZATION EXPENSES
                                
27. PROFESSIONAL FEES
   $ 0     $ 0             $ 0  
28. U.S. TRUSTEE FEES
   $ 0     $ 0             $ 0  
29. OTHER (ATTACH LIST)
   $ 0     $ 0             $ 0  
 
30. TOTAL REORGANIZATION EXPENSES
   $ 0     $ 0     $ 0     $ 0  
 
31. TOTAL DISBURSEMENTS
   $ 0     $ 0     $ 0     $ 0  
 
32. NET CASH FLOW
   $ 0     $ 0     $ 0     $ 0  
 
33. CASH — END OF MONTH
   $ 0     $ 0     $ 0     $ 0  
 

 

 

Monthly Operating Report
ACCRUAL BASIS-4
2007
CASE NAME: KH Ground, Inc.
CASE NUMBER: 07-44540
                                 
    SCHEDULE   MONTH   MONTH   MONTH
    AMOUNT   October 2007   November 2007        
 
ACCOUNTS RECEIVABLE AGING
                                
1. 0-30
   $ 0     $ 0     $ 0          
2. 31-60
   $ 0     $ 0     $ 0          
3. 61-90
   $ 0     $ 0     $ 0          
 
4. 91+
   $ 0     $ 0     $ 0          
 
5. TOTAL ACCOUNTS RECEIVABLE
   $ 0     $ 0     $ 0     $ 0  
 
6. AMOUNT CONSIDERED UNCOLLECTIBLE
   $ 0     $ 0     $ 0          
 
7. ACCOUNTS RECEIVABLE (NET)
   $ 0     $ 0     $ 0     $ 0  
 
     
AGING OF POSTPETITION TAXES AND PAYABLES
  MONTH: November 2007
                                         
    0-30   31-60   61-90   91+    
    DAYS   DAYS   DAYS   DAYS   TOTAL
 
TAXES PAYABLE
                                        
1. FEDERAL
   $ 0     $ 0     $ 0     $ 0     $ 0  
2. STATE
   $ 0     $ 0     $ 0     $ 0     $ 0  
3. LOCAL
   $ 0     $ 0     $ 0     $ 0     $ 0  
 
4. OTHER (ATTACH LIST)
   $ 0     $ 0     $ 0     $ 0     $ 0  
 
5. TOTAL TAXES PAYABLE
   $ 0     $ 0     $ 0     $ 0     $ 0  
 
 
                                        
6. ACCOUNTS PAYABLE
   $ 0     $ 0     $ 0     $ 0     $ 0  
 
     
STATUS OF POSTPETITION TAXES
  MONTH: November 2007
                                 
    BEGINNING   AMOUNT           ENDING
    TAX   WITHHELD AND/   AMOUNT   TAX
    LIABILITY*   0R ACCRUED   PAID   LIABILITY
 
FEDERAL
                                
1. WITHHOLDING**
   $ 0     $ 0     $ 0     $ 0  
2. FICA-EMPLOYEE**
   $ 0     $ 0     $ 0     $ 0  
3. FICA-EMPLOYER**
   $ 0     $ 0     $ 0     $ 0  
4. UNEMPLOYMENT
   $ 0     $ 0     $ 0     $ 0  
5. INCOME
   $ 0     $ 0     $ 0     $ 0  
 
6. OTHER (ATTACH LIST)
   $ 0     $ 0     $ 0     $ 0  
 
7. TOTAL FEDERAL TAXES
   $ 0     $ 0     $ 0     $ 0  
 
STATE AND LOCAL
                                
8. WITHHOLDING
   $ 0     $ 0     $ 0     $ 0  
9. SALES
   $ 0     $ 0     $ 0     $ 0  
10. EXCISE
   $ 0     $ 0     $ 0     $ 0  
11. UNEMPLOYMENT
   $ 0     $ 0     $ 0     $ 0  
12. REAL PROPERTY
   $ 0     $ 0     $ 0     $ 0  
13. PERSONAL PROPERTY
   $ 0     $ 0     $ 0     $ 0  
 
14. OTHER (ATTACH LIST)
   $ 0     $ 0     $ 0     $ 0  
 
15. TOTAL STATE & LOCAL
   $ 0     $ 0     $ 0     $ 0  
 
16. TOTAL TAXES
   $ 0     $ 0     $ 0     $ 0  
 
*   The beginning tax liability should represent the liability from the prior month or, if this is the first operating report, the amount should be zero.
 
**   Attach photocopies of IRS Form 6123 or your FTD coupon and payment receipt to verify payment or deposit.

 

 

Monthly Operating Report
ACCRUAL BASIS-5
2007
CASE NAME: KH Ground, Inc.
CASE NUMBER: 07-44540
The debtor in possession must complete the reconciliation below for each bank account, including all general, payroll and tax accounts, as well as all savings and investment accounts, money market accounts, certificates of deposit, government obligations, etc. Accounts with restricted funds should be identified by placing an asterisk next to the account number. Attach additional sheets if necessary.
     
BANK RECONCILIATIONS
  MONTH: November 2007
                                 
    Account #1   Account #2   Account #3   TOTAL
 
A. BANK:
   No Accounts                        
B. ACCOUNT NUMBER:
                                
 
C. PURPOSE (TYPE):
                                
 
1. BALANCE PER BANK STATEMENT
                                
2. ADD: TOTAL DEPOSITS NOT CREDITED
                                
3. SUBTRACT: OUTSTANDING CHECKS
                                
4. OTHER RECONCILING ITEMS
                                
5. MONTH END BALANCE PER BOOKS
   $ 0     $ 0     $ 0     $ 0  
6. NUMBER OF LAST CHECK WRITTEN
                                
 
INVESTMENT ACCOUNTS
                                 
    DATE OF   TYPE OF   PURCHASE   CURRENT
    PURCHASE   INSTRUMENT   PRICE   VALUE
 
BANK, ACCOUNT NAME & NUMBER
                                
7.
                                
8.
                                
9.
                                
10.
                                
 
11. TOTAL INVESTMENTS
                   $ 0     $ 0  
 
         
CASH
        
 
        
 
12. CURRENCY ON HAND
   $ 0  
 
 
        
13. TOTAL CASH — END OF MONTH
   $ 0  
 

 

 

Monthly Operating Report
ACCRUAL BASIS-6
2007
CASE NAME: KH Ground, Inc.
CASE NUMBER: 07-44540
MONTH: November 2007
PAYMENTS TO INSIDERS AND PROFESSIONALS
OF THE TOTAL DISBURSEMENTS SHOWN FOR THE MONTH, LIST THE AMOUNT PAID TO INSIDERS (AS DEFINED IN SECTION 101 (31) (A)-(F) OF THE U.S. BANKRUPTCY CODE) AND TO PROFESSIONALS. ALSO, FOR PAYMENTS TO INSIDERS, IDENTIFY THE TYPE OF COMPENSATION PAID (e.g. SALARY, BONUS, COMMISSIONS, INSURANCE, HOUSING ALLOWANCE, TRAVEL, CAR ALLOWANCE, ETC.). ATTACH ADDITIONAL SHEETS IF NECESSARY.
INSIDERS
                         
    TYPE OF   AMOUNT   TOTAL PAID
NAME   PAYMENT   PAID   TO DATE
 
1. No insiders
                        
2.
                        
3.
                        
4.
                        
5.
                        
 
6. TOTAL PAYMENTS TO INSIDERS
           $ 0     $ 0  
 
PROFESSIONALS
                                         
    DATE OF COURT                           TOTAL
    ORDER AUTHORIZING   AMOUNT   AMOUNT   TOTAL PAID   INCURRED
NAME   PAYMENT   APPROVED   PAID   TO DATE   & UNPAID *
 
1. See Case #07-44536, Kitty Hawk, Inc.
                                        
2.
                                        
3.
                                        
4.
                                        
5.
                                        
 
6. TOTAL PAYMENTS TO PROFESSIONALS
           $ 0     $ 0     $ 0     $ 0  
 
*   INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED
POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS
                         
    SCHEDULED   AMOUNTS    
    MONTHLY   PAID   TOTAL
    PAYMENTS   DURING   UNPAID
NAME OF CREDITOR   DUE   MONTH   POSTPETITION
 
1. See Case #07-44536, Kitty Hawk, Inc.
                        
2.
                        
3.
                        
4.
                        
5.
                        
 
6. TOTAL
   $ 0     $ 0     $ 0  
 

 

 

Monthly Operating Report
ACCRUAL BASIS-7
2007
CASE NAME: KH Ground, Inc.
CASE NUMBER: 07-44540
     
 
   MONTH: November 2007
QUESTIONNAIRE
   
             
    YES   NO
 
1. HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE THE NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD?
           X
2. HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT OTHER THAN A DEBTOR IN POSSESSION ACCOUNT?
           X
3. ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES, OR LOANS) DUE FROM RELATED PARTIES?
           X
4. HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES THIS REPORTING PERIOD?
           X
5. HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE DEBTOR FROM ANY PARTY?
           X
6. ARE ANY POSTPETITION PAYROLL TAXES PAST DUE?
           X
7. ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES PAST DUE?
           X
8. ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE?
           X
9. ARE ANY OTHER POSTPETITION TAXES PAST DUE?
           X
10. ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS DELINQUENT?
           X
11. HAVE ANY PREPETITION TAXES BEEN PAID DURING THE REPORTING PERIOD?
           X
12. ARE ANY WAGE PAYMENTS PAST DUE?
           X
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS “YES,” PROVIDE A DETAILED EXPLANATION OF EACH ITEM. ATTACH ADDITIONAL SHEETS IF NECESSARY.
INSURANCE
             
    YES   NO
 
1. ARE WORKER’S COMPENSATION, GENERAL LIABILITY AND OTHER NECESSARY INSURANCE COVERAGES IN EFFECT?
           X
2. ARE ALL PREMIUM PAYMENTS PAID CURRENT?
           X
3. PLEASE ITEMIZE POLICIES BELOW
            
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS “NO,” OR IF ANY POLICIES HAVE BEEN CANCELLED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE AN EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY.
This is a non-operating entity with no assets or employees and therefore has no insurance policies
INSTALLMENT PAYMENTS
             
TYPE OF           PAYMENT AMOUNT
POLICY   CARRIER   PERIOD COVERED   & FREQUENCY
 
No insurance due to being a non-operating entity with no assets or employees

 

 

Footnotes Supplement
ACCRUAL BASIS-7
2007
CASE NAME: KH Ground, Inc.
CASE NUMBER: 07-44540
MONTH: November 2007
         
Accrual Basis   Line    
Form Number   Number   Footnote/Explanation
 
General
      This is a non-operating entity.