EX-99.5 6 a08-8982_1ex99d5.htm EX-99.5

Exhibit 99.5

 

Monthly Operating Report

 

CASE NAME:

 

KH Ground, Inc.

ACCRUAL BASIS

 

 

 

2008

CASE NUMBER:

 

07-44540

 

 

 

JUDGE:

Russell F. Nelms

 

UNITED STATES BANKRUPTCY COURT

 

NORTHERN DISTRICT OF TEXAS

 

DIVISION 6

 

MONTHLY  OPERATING  REPORT

 

MONTH  ENDING:  FEBRUARY 29, 2008

 

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

 

Senior VP and Chief Restructing Officer

ORIGINAL  SIGNATURE  OF  RESPONSIBLE  PARTY

 

TITLE

 

 

 

James R. Kupferschmid

 

March 20, 2008

PRINTED NAME OF RESPONSIBLE PARTY

 

DATE

 

 

 

PREPARER:

 

 

 

 

 

/s/ Jessica L. Wilson

 

VP and Chief Financial Officer

ORIGINAL  SIGNATURE  OF  PREPARER

 

TITLE

 

 

 

Jessica L. Wilson

 

March 20, 2008

PRINTED NAME OF PREPARER

 

DATE

 


 

 

Monthly Operating Report

 

 

CASE NAME:  KH Ground, Inc.

ACCRUAL BASIS-1

 

2008

CASE NUMBER:   07-44540

 

COMPARATIVE  BALANCE  SHEET

 

 

 

 

 

SCHEDULE

 

MONTH

 

MONTH

 

 

 

ASSETS

 

AMOUNT

 

January 2008

 

February 2008

 

MONTH

 

1.

 

UNRESTRICTED CASH

 

$

0

 

$

0

 

$

0

 

$

0

 

2.

 

RESTRICTED CASH

 

$

0

 

$

0

 

$

0

 

$

0

 

3.

 

TOTAL CASH

 

$

0

 

$

0

 

$

0

 

$

0

 

4.

 

ACCOUNTS RECEIVABLE (NET)

 

$

0

 

$

0

 

$

0

 

$

0

 

5.

 

INVENTORY

 

$

0

 

$

0

 

$

0

 

$

0

 

6.

 

NOTES RECEIVABLE

 

$

0

 

$

0

 

$

0

 

$

0

 

7.

 

PREPAID EXPENSES

 

$

0

 

$

0

 

$

0

 

$

0

 

8.

 

OTHER (ATTACH LIST)

 

$

0

 

$

0

 

$

0

 

$

0

 

9.

 

TOTAL CURRENT ASSETS

 

$

0

 

$

0

 

$

0

 

$

0

 

10.

 

PROPERTY, PLANT  & EQUIPMENT

 

$

0

 

$

0

 

$

0

 

$

0

 

11.

 

LESS: ACCUMULATED DEPRECIATION / DEPLETION

 

$

0

 

$

0

 

$

0

 

$

0

 

12.

 

NET PROPERTY, PLANT  & EQUIPMENT

 

$

0

 

$

0

 

$

0

 

$

0

 

13.

 

DUE FROM INSIDERS

 

$

0

 

$

0

 

$

0

 

$

0

 

14.

 

OTHER ASSETS – NET OF AMORTIZATION (ATTACH LIST)

 

$

0

 

$

0

 

$

0

 

$

0

 

15.

 

OTHER (ATTACH LIST)

 

$

0

 

$

0

 

$

0

 

$

0

 

16.

 

TOTAL ASSETS

 

$

0

 

$

0

 

$

0

 

$

0

 

POSTPETITION LIABILITIES

 

 

 

 

 

 

 

 

 

17.

 

ACCOUNTS PAYABLE

 

 

 

$

0

 

$

0

 

$

0

 

18.

 

TAXES PAYABLE

 

 

 

$

0

 

$

0

 

$

0

 

19.

 

NOTES PAYABLE

 

 

 

$

0

 

$

0

 

$

0

 

20.

 

PROFESSIONAL FEES

 

 

 

$

0

 

$

0

 

$

0

 

21.

 

SECURED DEBT

 

 

 

$

0

 

$

0

 

$

0

 

22.

 

OTHER (ATTACH LIST)

 

 

 

$

0

 

$

0

 

$

0

 

23.

 

TOTAL POSTPETITION

 

 

 

 

 

 

 

 

 

 

 

LIABILITIES

 

 

 

$

0

 

$

0

 

$

0

 

PREPETITION LIABILITIES

 

 

 

 

 

 

 

 

 

24.

 

SECURED DEBT

 

$

16,684,744

 

$

0

 

$

0

 

$

0

 

25.

 

PRIORITY DEBT

 

$

0

 

$

0

 

$

0

 

$

0

 

26.

 

UNSECURED DEBT

 

$

0

 

$

0

 

$

0

 

$

0

 

27.

 

OTHER (ATTACH LIST)

 

$

0

 

$

250

 

$

250

 

$

0

 

28.

 

TOTAL PREPETITION LIABILITIES

 

$

16,684,744

 

$

250

 

$

250

 

$

0

 

29.

 

TOTAL LIABILITIES

 

$

16,684,744

 

$

250

 

$

250

 

$

0

 

EQUITY

 

 

 

 

 

 

 

 

 

30.

 

PREPETITION OWNERS’ EQUITY

 

0

 

$

0

 

$

0

 

$

0

 

31.

 

POSTPETITION CUMULATIVE PROFIT OR (LOSS)

 

 

 

$

(250

)

$

(250

)

$

0

 

32.

 

DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION)

 

 

 

$

0

 

$

0

 

$

0

 

33.

 

TOTAL EQUITY

 

$

0

 

$

(250

)

$

(250

)

$

0

 

34.

 

TOTAL LIABILITIES  & OWNERS’ EQUITY

 

$

16,684,744

 

$

0

 

$

0

 

$

0

 

 


 

 

Monthly Operating Report

 

 

CASE NAME:  KH Ground, Inc.

ACCRUAL BASIS-2

 

2008

CASE NUMBER:   07-44540

 

INCOME STATEMENT

 

 

 

 

 

MONTH

 

MONTH

 

MONTH

 

QUARTER

 

REVENUES

 

January 2008

 

February 2008

 

0

 

TOTAL

 

1.

 

GROSS REVENUES

 

$

0

 

$

0

 

$

0

 

$

0

 

2.

 

LESS: RETURNS & DISCOUNTS

 

$

0

 

$

0

 

$

0

 

$

0

 

3.

 

NET REVENUE

 

$

0

 

$

0

 

$

0

 

$

0

 

COST OF GOODS SOLD

 

 

 

 

 

 

 

 

 

4.

 

MATERIAL

 

$

0

 

$

0

 

$

0

 

$

0

 

5.

 

DIRECT LABOR

 

$

0

 

$

0

 

$

0

 

$

0

 

6.

 

DIRECT OVERHEAD

 

$

0

 

$

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

 

$

0

 

10.

 

SELLING  & MARKETING

 

$

0

 

$

0

 

$

0

 

$

0

 

11.

 

GENERAL & ADMINISTRATIVE

 

$

0

 

$

0

 

$

0

 

$

0

 

12.

 

RENT  & LEASE

 

$

0

 

$

0

 

$

0

 

$

0

 

13.

 

OTHER (ATTACH LIST)

 

$

0

 

$

0

 

$

0

 

$

0

 

14.

 

TOTAL OPERATING EXPENSES

 

$

0

 

$

0

 

$

0

 

$

0

 

15.

 

INCOME BEFORE NON-OPERATING

 

 

 

 

 

 

 

$

0

 

 

 

INCOME & EXPENSE

 

$

0

 

$

0

 

$

0

 

$

0

 

OTHER INCOME  & EXPENSES

 

 

 

 

 

 

 

 

 

16.

 

NON-OPERATING INCOME (ATT. LIST)

 

$

0

 

$

0

 

$

0

 

$

0

 

17.

 

NON-OPERATING EXPENSE (ATT. LIST)

 

$

0

 

$

0

 

$

0

 

$

0

 

18.

 

INTEREST EXPENSE

 

$

0

 

$

0

 

$

0

 

$

0

 

19.

 

DEPRECIATION / DEPLETION

 

$

0

 

$

0

 

$

0

 

$

0

 

20.

 

AMORTIZATION

 

$

0

 

$

0

 

$

0

 

$

0

 

21.

 

OTHER (ATTACH LIST)

 

$

0

 

$

0

 

$

0

 

$

0

 

22.

 

NET OTHER INCOME & EXPENSES

 

$

0

 

$

0

 

$

0

 

$

0

 

REORGANIZATION EXPENSES

 

 

 

 

 

 

 

 

 

23.

 

PROFESSIONAL FEES

 

$

0

 

$

0

 

$

0

 

$

0

 

24.

 

U.S. TRUSTEE FEES

 

$

0

 

$

0

 

$

0

 

$

0

 

25.

 

OTHER (ATTACH LIST)

 

$

0

 

$

0

 

$

0

 

$

0

 

26.

 

TOTAL REORGANIZATION EXPENSES

 

$

0

 

$

0

 

$

0

 

$

0

 

27.

 

INCOME TAX

 

$

0

 

$

0

 

$

0

 

 

 

28.

 

NET PROFIT (LOSS)

 

$

0

 

$

0

 

$

0

 

$

0

 

 


 

 

Monthly Operating Report

 

 

CASE NAME:  KH Ground, Inc.

ACCRUAL BASIS-3

 

2008

CASE NUMBER:   07-44540

 

CASH RECEIPTS AND

 

MONTH

 

MONTH

 

MONTH

 

QUARTER

 

DISBURSEMENTS

 

January 2008

 

February 2008

 

0

 

TOTAL

 

1.

 

CASH - BEGINNING OF MONTH

 

$

0

 

$

0

 

$

0

 

$

0

 

RECEIPTS FROM OPERATIONS

 

 

 

 

 

 

 

 

 

2.

 

CASH SALES

 

$

0

 

$

0

 

$

0

 

$

0

 

COLLECTION OF ACCOUNTS RECEIVABLE

 

 

 

 

 

 

 

 

 

3.

 

PREPETITION

 

$

0

 

$

0

 

$

0

 

$

0

 

4.

 

POSTPETITION

 

$

0

 

$

0

 

$

0

 

$

0

 

5.

 

TOTAL OPERATING RECEIPTS

 

$

0

 

$

0

 

$

0

 

$

0

 

NON - OPERATING RECEIPTS

 

 

 

 

 

 

 

 

 

6.

 

LOANS  & ADVANCES (ATTACH LIST)

 

$

0

 

$

0

 

$

0

 

$

0

 

7.

 

SALE OF ASSETS

 

$

0

 

$

0

 

$

0

 

$

0

 

8.

 

OTHER (ATTACH LIST)

 

$

0

 

$

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

 

$

0

 

13.

 

PAYROLL TAXES PAID

 

$

0

 

$

0

 

$

0

 

$

0

 

14.

 

SALES, USE  & OTHER TAXES PAID

 

$

0

 

$

0

 

$

0

 

$

0

 

15.

 

SECURED / RENTAL / LEASES

 

$

0

 

$

0

 

$

0

 

$

0

 

16.

 

UTILITIES

 

$

0

 

$

0

 

$

0

 

$

0

 

17.

 

INSURANCE

 

$

0

 

$

0

 

$

0

 

$

0

 

18.

 

INVENTORY PURCHASES

 

$

0

 

$

0

 

$

0

 

$

0

 

19.

 

VEHICLE EXPENSES

 

$

0

 

$

0

 

$

0

 

$

0

 

20.

 

TRAVEL

 

$

0

 

$

0

 

$

0

 

$

0

 

21.

 

ENTERTAINMENT

 

$

0

 

$

0

 

$

0

 

$

0

 

22.

 

REPAIRS  & MAINTENANCE

 

$

0

 

$

0

 

$

0

 

$

0

 

23.

 

SUPPLIES

 

$

0

 

$

0

 

$

0

 

$

0

 

24.

 

ADVERTISING

 

$

0

 

$

0

 

$

0

 

$

0

 

25.

 

OTHER (ATTACH LIST)

 

$

0

 

$

0

 

$

0

 

$

0

 

26.

 

TOTAL OPERATING DISBURSEMENTS

 

$

0

 

$

0

 

$

0

 

$

0

 

REORGANIZATION EXPENSES

 

 

 

 

 

 

 

 

 

27.

 

PROFESSIONAL FEES

 

$

0

 

$

0

 

$

0

 

$

0

 

28.

 

U.S. TRUSTEE FEES

 

$

0

 

$

0

 

$

0

 

$

0

 

29.

 

OTHER (ATTACH LIST)

 

$

0

 

$

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

 

 

CASE NAME:  KH Ground, Inc.

ACCRUAL BASIS-4

 

2008

CASE NUMBER:   07-44540

 

 

 

 

 

SCHEDULE

 

MONTH

 

MONTH

 

MONTH

 

ACCOUNTS RECEIVABLE AGING

 

AMOUNT

 

January 2008

 

February 2008

 

0

 

1.

 

0-30

 

$

0

 

$

0

 

$

0

 

$

0

 

2.

 

31-60

 

$

0

 

$

0

 

$

0

 

$

0

 

3.

 

61-90

 

$

0

 

$

0

 

$

0

 

$

0

 

4.

 

91+

 

$

0

 

$

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:

 February 2008

 

 

 

 

 

 

 

0-30

 

31-60

 

61-90

 

91+

 

 

 

TAXES PAYABLE

 

DAYS

 

DAYS

 

DAYS

 

DAYS

 

TOTAL

 

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

 

$

250

 

$

0

 

$

0

 

$

0

 

$

250

 

 

STATUS OF POSTPETITION TAXES

 

MONTH:

 February 2008

 

 

 

 

 

 

 

BEGINNING

 

AMOUNT

 

 

 

ENDING

 

 

 

 

 

TAX

 

WITHHELD AND/

 

AMOUNT

 

TAX

 

FEDERAL

 

LIABILITY*

 

OR ACCRUED

 

PAID

 

LIABILITY

 

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

 

 

CASE NAME:  KH Ground, Inc.

ACCRUAL BASIS-5

 

2008

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:

 February 2008

 

 

 

 

 

 

 

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

 

BANK, ACCOUNT NAME  & NUMBER

 

PURCHASE

 

INSTRUMENT

 

PRICE

 

VALUE

 

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

 

 

CASE NAME:  KH Ground, Inc.

ACCRUAL BASIS-6

 

2008

CASE NUMBER:   07-44540

 

 

 

MONTH:

 February 2008

 

 

 

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

 

 

CASE NAME: KH Ground, Inc.

ACCRUAL BASIS-7

 

2008

CASE NUMBER: 07-44540

 

 

 

MONTH:

 February 2008

 

 

 

QUESTIONNAIRE

 

 

 

 

 

YES

 

NO

 

1.

 

HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE

 

 

 

X

 

 

 

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 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

 

 

CASE NAME: KH Ground, Inc.

ACCRUAL BASIS

 

2008

CASE NUMBER: 07-44540

 

 

 

MONTH:

 February 2008

 

 

 

 

Accrual Basis

 

Line

 

 

Form Number

 

Number

 

Footnote/Explanation

 

 

 

 

 

General

 

 

 

This is a non-operating entity.

 


 

Case Name:

KH Ground, Inc.

Case Number:

07-44540

 

Details of Other Items

 

 

February 2008

 

ACCRUAL BASIS - 1

 

 

 

 

 

27. OTHER (ATTACH LIST)

250

Reported

 

Intercompany Payable to Kitty Hawk, Inc. ( Case No. 07-44536)

 

 

 

250

Detail

 

0

Difference