EX-99.1 3 a2057848zex-99_1.htm EXHIBIT 99.1 Prepared by MERRILL CORPORATION
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UNITED STATES BANKRUPTCY COURT
DISTRICT OF DELAWARE
OFFICE OF THE US TRUSTEE—REGION 3

In re:   eToys, Inc.
  Case No.   01-00706 (MFW)
        Reporting Period:   07/01/01-07/31/01

MONTHLY OPERATING REPORT
File with Court and submit copy to United States Trustee within 20 days after end of month

    Submit copy of report to any official committee appointed in the case

Required Documents

  Form No.
  Document Attached
  Explanation Attached
Schedule of Cash Receipts and Disbursements   MOR-1   X    
  Bank Reconciliation (or copies of debtor's bank reconciliations)   MOR-1 (CON'T)   X    
  Copies of bank statements       X    
  Cash disbursements journals       X    
Statement of Operations   MOR-2   X    
Balance Sheet   MOR-3   X    
Status of Postpetition Taxes   MOR-4   X    
  Copies of IRS Form 6123 or payment receipt           X
  Copies of tax returns filed during reporting period           X
Summary of Unpaid Postpetition Debts   MOR-4   X    
  Listing of aged accounts payable       X    
Accounts Receivable Reconciliation and Aging   MOR-5   X    
Debtor Questionnaire   MOR-5   X    

    I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief.


/s/ Barry Gold, CEO

Signature of Debtor

 

8/20/01

Date


Signature of Joint Debtor

 


Date


Signature of Authorized Individual

 


Date


Printed Name of Authorized Individual

 


Title of Authorized Individual

*Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company.


In re:   eToys, Inc.
  Case No.   01-00706 (MFW)

Attachment to Monthly Operating Report (MOR cover page):

    All payroll taxes are impounded by the independent payroll service therefore payment receipt is not applicable.

    There was no tax return filed during the period. Payroll and sales tax returns are prepared on a quarterly basis and submitted to respective government agency within thirty days after the end of each quarter.


In re:   eToys, Inc.
  Case No.   01-00706 (MFW)
        Reporting Period:   07/01/01-07/31/01

MOR-1
SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

    Amounts reported should be per the debtor's books, not the bank statement. The beginning cash should be the ending cash from the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the "CURRENT MONTH—ACTUAL" columns must equal the sum of the bank account columns. The amount reported in the "PROJECTED" columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM-IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements listed in the disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for cash account.

 
  Pre-petition
5300152165

  DIP General
2180039271

  Payroll
5300155253

  UBOC CD
2869002903

  UBOC STOCK
5300161903

  UBOC ESPP
5300161911

  UBOC CD
2189005826

  UBOC CD
2189009224

  UBOC CD
2189000603

  UBOC CD
2869002929

  WFB
Cert. Of Dep.

  UBOC CD
2189003821

 
CASH BEGINNING OF MONTH     109,965.43   43,828.71   15,073,501.66             5,800,000.00   100,000.00   3,500,000.00  
   
 
 
 
 
 
 
 
 
 
 
 
 
CASH SALES                                                  
ACCOUNTS RECEIVABLE                                                  
LOANS AND ADVANCES                                                  
SALE OF ASSETS       126,275.84                                          
DUE FROM LLC                                                  
OTHER (attach list)       6,285,463.72                                          
TRANSFER FROM DISTRIBUTION LLC                                                  
TRANSFER FROM CD       350,000.00                               5,506,416.67       (3,500,000.00 )
TRANSFERS FROM PRE-PETITION                                                  
TRANSFERS FROM DIP           120,000.00   5,900,000.00                                  
INTEREST       26,496.43       105,555.25                       54,333.86       0.00  
TOTAL RECEIPTS     6,788,235.99   120,000.00   6,005,555.25             5,560,750.53     (3,500,000.00 )
   
 
 
 
 
 
 
 
 
 
 
 
 
DISBURSEMENTS                                                  
NET PAYROLL           (98,931.04 )                                    
PAYROLL TAXES           (59,543.75 )                                    
SALES,USE,& OTHER TAXES       (1,849.37 )                                        
INVENTORY PURCHASES                                                  
SECURED/RENT/LEASES       (33,087.11 )                                        
INSURANCE       (354,066.46 )                                        
ADMINISTRATIVE       (202,244.79 ) (1,624.18 )                                    
SELLING                                                  
OTHER (attach list)                                                  
PRE-PETITION EXPENSES *       (9,263.62 )                                        
OWNER DRAW                                                  
TRANSFERS                                                  
  Transfer to LLC DIP       (60,000.00 )                                     0.00  
  Transfer to PR       (120,000.00 )                                        
  Transfer to CD       (5,900,000.00 )                                        
  Transfer to DIP General                                       (200,000.00 )        
  Transfer to Pre-petition                                                  
PROFESSIONAL FEES       (144,357.69 )                                        
U.S. TRUSTEE QUARTERLY FEES       (8,500.00 )                                        
COURT COSTS                                                  
TOTAL DISBURSEMENTS   0.00   (6,833,369.04 ) (160,098.97 ) 0.00   0.00   0.00   0.00   0.00   0.00   (200,000.00 ) 0.00   0.00  
   
 
 
 
 
 
 
 
 
 
 
 
 
NET CASH FLOW   0.00   (45,133.05 ) (40,098.97 ) 6,005,555.25   0.00   0.00   0.00   0.00   0.00   5,360,750.53   0.00   (3,500,000.00 )
   
 
 
 
 
 
 
 
 
 
 
 
 
CASH END OF MONTH   0.00   64,832.38   3,729.74   21,079,056.91   0.00   0.00   0.00   0.00   0.00   11,160,750.53   100,000.00   0.00  

* PAYMENTS MADE TO CRITICAL VENDORS AND EMPLOYEE REIMBURSEMENTS PURSUANT TO FIRST DAY ORDER

    THE FOLLOWING SECTION MUST BE COMPLETED

TOTAL DISBURSEMENTS    
LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS    
PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES    
TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES    

In re:   eToys, Inc.
  Case No.   01-00706 (MFW)
        Reporting Period:   07/01/01-07/31/01


MOR-1 Con't
SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

 
  UBOC CD
2869002614

  UBOC CD
2869002770

  UBOC CD
2869002754

  UBOC CD
5309026234

  UBOC CD
5309028479

  WFB
060-8526315

  Total
 
CASH BEGINNING OF MONTH   288,000.00   2,006,416.67   1,000,947.92   187,500.00   318,552.41   103,403.83   28,532,116.63  
   
 
 
 
 
 
 
 
CASH SALES                           0.00  
ACCOUNTS RECEIVABLE                           0.00  
LOANS AND ADVANCES                           0.00  
SALE OF ASSETS                           126,275.84  
DUE FROM LLC                           0.00  
OTHER (attach list)                           6,285,463.72  
TRANSFERS—SWEEP ACCOUNT                           0.00  
TRANSFER FROM CD                           2,356,416.67  
TRANSFERS FROM PRE-PETITION                           0.00  
TRANSFERS FROM DIP                           6,020,000.00  
INTEREST           2,233.13       877.19   358.15   189,854.01  
TOTAL RECEIPTS   0.00     2,233.13   0.00   877.19   358.15   14,978,010.24  
   
 
 
 
 
 
 
 
DISBURSEMENTS                              
NET PAYROLL                           (98,931.04 )
PAYROLL TAXES                           (59,543.75 )
SALES,USE,& OTHER TAXES                           (1,849.37 )
INVENTORY PURCHASES                           0.00  
SECURED/RENT/LEASES                           (33,087.11 )
INSURANCE                           (354,066.46 )
ADMINISTRATIVE                       (10.00 ) (203,878.97 )
SELLING                           0.00  
OTHER (attach list)                           0.00  
PRE-PETITION EXPENSES *                           (9,263.62 )
OWNER DRAW                           0.00  
TRANSFERS                           0.00  
  Transfer to DIP           (150,000.00 )             (210,000.00 )
  Transfer to PR                           (120,000.00 )
  Transfer to CD       (2,006,416.67 )                 (7,906,416.67 )
  Due to LLC           (250,000.00 )             (450,000.00 )
  Transfer to Pre-petition                           0.00  
PROFESSIONAL FEES                           (144,357.69 )
U.S. TRUSTEE QUARTERLY FEES                           (8,500.00 )
COURT COSTS                           0.00  
TOTAL DISBURSEMENTS   0.00   (2,006,416.67 ) (400,000.00 ) 0.00   0.00   (10.00 ) (9,599,894.68 )
   
 
 
 
 
 
 
 
NET CASH FLOW   0.00   (2,006,416.67 ) (397,766.87 ) 0.00   877.19   348.15   5,378,115.56  
   
 
 
 
 
 
 
 
CASH END OF MONTH   288,000.00   0.00   603,181.05   187,500.00   319,429.60   103,751.98   33,910,232.19  

*
PAYMENTS MADE TO CRITICAL VENDORS AND EMPLOYEE REIMBURSEMENTS PURSUANT TO FIRST DAY ORDER

    THE FOLLOWING SECTION MUST BE COMPLETED

 
   
 
TOTAL DISBURSEMENTS   $ 9,599,894.68  
LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS   $ (8,686,416.67 )
PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES   $    
TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES   $ 913,478.01  

In re:   eToys, Inc.
  Case No.   01-00706 (MFW)
        Reporting Period:   07/01/01-07/31/01


MOR-1 Cont'd
BANK RECONCILIATIONS

    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.

A. Bank:   Union Bank   Union Bank   Union Bank   Union Bank   Union Bank
B. Account No.:   2180039271   5300155253   5300161903   5300161911   2869002903
C. Purpose (Type):   DIP General   Payroll   Stock   E S P P   Time Deposit
1. Balance per Bank Statement   $309,053.03   $53,786.19    $—    $—   $21,079,056.91
2. (+) Deposit in Transit                                        
3. (-) Outstanding Checks   (244,220.65 ) (50,056.45 )                      
4. Other                              
5. Month End Balance per Books   $64,832.38   $3,729.74    $—    $—   $21,079,056.91
6. Number of Last Check Written   20291   605506                        

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
DEPOSITS IN TRANSIT   Date
  Amount
  Date
  Amount
  Date
  Amount
  Date
  Amount
  Date
  Amount
    none   none   none   none   not applicable

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
CHECKS OUTSTANDING   Ck#
  Amount
  Ck#
  Amount
  Ck#
  Amount
  Ck#
  Amount
  Ck#
  Amount
    1441   147.68   SEE ATTACHED LIST   none   none   not applicable
    1446   839.60                                
    1452   709.05                                
    1459   2,990.00                                
    1475   769.20                                
    1508   82.00                                
    10084   5,000.00                                
    20221   1,473.13                                
    20231   200.00                                
    20267   1,849.37                                
    20273   604.66                                
    20274   37,297.84                                
    20276   27,033.25                                
    20277   125.00                                
    20278   8,000.00                                
    20279   250.00                                
    20280   250.00                                
    20281   798.41                                
    20282   8,148.11                                
    20283   2,247.36                                
    20284   67,890.70                                
    20285   4,247.66                                
    20286   713.06                                
    20287   8,256.25                                
    20288   4,666.20                                
    20289   16,172.80                                
    20290   4,300.00                                
    20291   4,100.00                                
    200096   49.50                                
    200116   305.17                                
    300005   14.99                                
    300011   7.48                                
    300046   80.47                                
    300054   104.34                                
    300059   3,793.11                                
    300069   447.84                                
    300070   30,256.42                                
Total Checks Outstanding       $244,220.65                                

In re:   eToys, Inc.
  Case No.   01-00706 (MFW)
        Reporting Period:   07/01/01-07/31/01


MOR-1 Cont'd
BANK RECONCILIATIONS

    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.

A. Bank:   Union Bank   Union Bank   Union Bank   Union Bank   Union Bank
B. Account No.:   2189005826   2189009224   5309026234   2869002929   2189003821
C. Purpose (Type):   Time Deposit   Time Deposit   Time Deposit   Time Deposit   Time Deposit
1. Balance per Bank Statement   $—   $—   $187,500.00   $11,160,750.53    $—
2. (+) Deposit in Transit                                        
3. (-) Outstanding Checks                                        
4. Other Reconciling Items                                        
5. Month End Balance per Books   $—   $—   $187,500.00   $11,160,750.53    $—
6. Number of Last Check Written                                        

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
DEPOSITS IN TRANSIT   Date
  Amount
  Date
  Amount
  Date
  Amount
  Date
  Amount
  Date
  Amount
    not applicable   not applicable   not applicable   not applicable   not applicable

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
CHECKS OUTSTANDING   Ck#
  Amount
  Ck#
  Amount
  Ck#
  Amount
  Ck#
  Amount
  Ck#
  Amount
    not applicable   not applicable   not applicable   not applicable   not applicable

In re:   eToys, Inc.
  Case No.   01-00706 (MFW)
        Reporting Period:   07/01/01-07/31/01


MOR-1 Cont'd
BANK RECONCILIATIONS

    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.

A. Bank:   Wells Fargo   Wells Fargo   Union Bank   Union Bank   Union Bank
B. Account No.:   ****   060-8526315   2869002614   5309028479   2869002754
C. Purpose (Type):   Cert of Deposit   Credit Card   Time Deposit   Time Deposit   Time Deposit
1. Balance per Bank Statement   $100,000.00   $103,751.98   $288,000.00   $319,429.60   $603,181.05
2. (+) Deposit in Transit                                        
3. (-) Outstanding Checks                                        
4. Other Reconciling Items                                        
5. Month End Balance per Books   $100,000.00   $103,751.98   $288,000.00   $319,429.60   $603,181.05
6. Number of Last Check Written                                        

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
    **** copy of renewal notice was not available during the preparation of this report                    

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
DEPOSITS IN TRANSIT   Date
  Amount
  Date
  Amount
  Date
  Amount
  Date
  Amount
  Date
  Amount
    not applicable   not applicable   not applicable   not applicable   not applicable

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
CHECKS OUTSTANDING   Ck#
  Amount
  Ck#
  Amount
  Ck#
  Amount
  Ck#
  Amount
  Ck#
  Amount
    not applicable   not applicable   not applicable   not applicable   not applicable

In re:   eToys, Inc.
  Case No.   01-00706 (MFW)
        Reporting Period:   07/01/01-07/31/01


MOR-1 Cont'd
BANK RECONCILIATIONS

    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.

A. Bank:   Union Bank                                
B. Account No.:   2869002770                                
C. Purpose (Type):   Time Deposit                           Total
1. Balance per Bank Statement    $—                           $34,204,509.29
2. (+) Deposit in Transit                                   0.00
3. (-) Outstanding Checks                                   (294,277.10
4. Other Reconciling Items                                   0.00
5. Month End Balance per Books    $—   $—   $—    $—   $33,910,232.19
6. Number of Last Check Written                                        

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
DEPOSITS IN TRANSIT   Date
  Amount
  Date
  Amount
  Date
  Amount
  Date
  Amount
       
    not applicable   not applicable   not applicable   not applicable        

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
CHECKS OUTSTANDING   Ck#
  Amount
  Ck#
  Amount
  Ck#
  Amount
  Ck#
  Amount
       
    not applicable   not applicable   not applicable   not applicable        

In re:   eToys, Inc.
  Case No.   01-00706 (MFW)


MOR-1 ATTACHMENT
OTHER RECEIPTS
July 2001

Payer

  Description
  Amount
  Date
First National Bank   Interest Income     4,179.63   07/10/2001
IGOE & Company Inc.   Cobra Refund     2,430.36   07/10/2001
IGOE & Company Inc.   Cobra Refund     16,109.45   07/10/2001
eToys Europe   Wire     6,230,495.67   07/10/2001
Financial Times   Refund     210.04   07/17/2001
Pitney Bowes   Refund     125.78   07/17/2001
IGOE & Company Inc.   Cobra Refund     25,261.41   07/19/2001
IGOE & Company Inc.   Cobra Refund     4,794.46   07/19/2001
Time Inc.   Refund     1.66   07/19/2001
Consolidated Freightways   Refund     346.39   07/19/2001
Viking Freight   Refund     176.62   07/19/2001
Time Inc.   Refund     34.72   07/19/2001
Hachette Filipacchi Magazines   Refund     7.31   07/19/2001
IRS   Refund     1,290.22   07/23/2001
       
   
Total       $ 6,285,463.72    
       
   

In re:   eToys, Inc.
  Case No.   01-00706 (MFW)


Cash Disbursements
July 2001

Date

  Num
  Name
  Account
  Amount
07/02/2001   20236   PENNYWORTH SALES   Accounts Payable   2,000.00
07/02/2001   20237   CROSSROADS, LLC   Professional Fees   350.35
07/02/2001   20238   SPRINT DATA SVCS   Telephone   82,575.81
07/02/2001   20239   SPHERION   Ouside Services   418.50
07/02/2001   20240   STATE BOARD OF EQUALIZATION   Tax  
07/02/2001   20241   STATE BOARD OF EQUALIZATION   Tax  
07/02/2001   20242   STATE BOARD OF EQUALIZATION   Tax  
07/02/2001   1441   Rhonda M Lopez   332000P—Employee Comp Liab   147.68
07/02/2001   1446   ANSEL TENG   332000P—Employee Comp Liab   839.60
07/02/2001   1452   AMY LYNN BEHLE   332000P—Employee Comp Liab   709.05
07/02/2001   1459   ANSEL TENG   332000P—Employee Comp Liab   2,990.00
07/03/2001   20243   SPRINT (PO BOX 79255)   Telephone   9,056.21
07/03/2001   20245   YOUNG, BYNNE   Ouside Services   1,196.25
07/03/2001   20244   VERIZON WIRELESS-LA   Telephone  
07/03/2001   1507   BRAD ANGLE   332000P—Employee Comp Liab   128.00
07/06/2001   20246   FEDERAL EXPRESS   Postage   77.34
07/06/2001   20247   VERIZON CALIFORNIA   Telephone   876.86
07/09/2001   20248   MARSH RISK & INSURANCE SVCS   Insurance   156,338.00
07/09/2001   20249   HICKEY, MATT   Office Expense   302.39
07/09/2001   20250   MARSH RISK & INSURANCE SVCS   Insurance   154,441.00
07/10/2001   20251   BUNDY'S LOCK & SAFE CO.   Repair/Maintence   244.28
07/10/2001   20252   PANJABI, SATISH   Ouside Services   1,950.00
07/10/2001   20253   RANDSTAD   Ouside Services   796.00
07/10/2001   1491A   TONIA K MCRARY   332000P—Employee Comp Liab   135.60
07/13/2001   20254   FEDERAL EXPRESS   Postage   136.24
07/13/2001   20255   MCI WORLDCOM (CHICAGO)   Void  
07/13/2001   20256   PACIFIC BELL (SAC)   Telephone   36.22
07/13/2001   20257   PACIFIC BELL (VAN NUYS)   Telephone   50.36
07/13/2001   20258   PANJABI, SATISH   Ouside Services   1,862.50
07/13/2001   20259   VERIZON CALIFORNIA   Telephone   6,247.55
07/13/2001   20260   VERIZON WIRELESS—LA   Telephone   2,474.66
07/13/2001   20261   ANTHONY, DAVINA   Ouside Services   1,002.50
07/13/2001   20262   GOLD, BARRY   Travel & Enterainment   4,186.39
07/16/2001   20263   GREENWALD, PAULY, FOSTER & MILLER   Professional Fees   3,868.94
07/16/2001   20264   HARTFORD LIFE INSURANCE COMPANIES   Insurance   371.90
07/16/2001   20265   YOUNG, BYNNE   Ouside Services   1,166.25
07/17/2001   1508   CLEMENTE TENG   332000P—Employee Comp Liab   82.00
07/17/2001   1509   NAOMI J. WILLIAMS   332000P—Employee Comp Liab   43.65
07/17/2001   1510   Duncan Drechsel   332000P—Employee Comp Liab   4,188.04
07/20/2001   20266   BIETENDORF, VALERIE   Ouside Services   154.16
07/20/2001   20267   INTERNAL REVENUE SERVICE   Tax   1,849.37
07/23/2001   20268   CROSSROADS, LLC   Void  
07/23/2001   20269   RICHARD CARTOON, LLC   Void  
07/23/2001   20270   COLLATERAL LOGISTICS, INC   Professional Fees   27,688.65
07/23/2001   20271   CROSSROADS, LLC   Professional Fees   57,243.04
07/23/2001   20272   RICHARD CARTOON, LLC   Professional Fees   32,042.40
07/25/2001   20273   CIGNA BEHAVIORAL HEALTH   Insurance   604.66
07/25/2001   20274   BLUE CROSS OF CALIFORNIA   Insurance   37,297.84
07/25/2001   20275   DELTA DENTAL PLAN OF CALIFORNIA   Void  
07/26/2001   20276   BANKRUPTCY MANAGEMENT CORPORATION   Professional Fees   27,033.25
07/26/2001   20277   CORPAMERICA, INC   Office Expense   125.00
07/26/2001   20278   U.S. TRUSTEE   Professional Fees   8,000.00
07/26/2001   20279   U.S. TRUSTEE   Professional Fees   250.00
07/26/2001   20280   U.S. TRUSTEE   Professional Fees   250.00
07/26/2001   20281   GOLD, BARRY   Travel & Enterainment   798.41
07/26/2001   20282   KILROY REALTY, L.P.   Rent   8,148.11
07/26/2001   20283   VERIZON CALIFORNIA   Telephone   2,247.36
07/26/2001   20284   SPRINT DATA SVCS   Telephone   67,890.70
07/30/2001   20285   PANJABI, SATISH   Ouside Services   4,247.66

In re:   eToys, Inc.
  Case No.   01-00706 (MFW)


Cash Disbursements
July 2001

 
   
   
   
   
07/31/2001   20286   PMI   Insurance   713.06
07/31/2001   20287   PANJABI, SATISH   Ouside Services   8,256.25
07/31/2001   20288   ARCHIVE.COM, INC   Telephone   4,666.20
07/31/2001   20289   INVESTMENT TECHNOLOGY GROUP   Telephone   16,172.80
07/31/2001   20290   MARSH RISK & INSURANCE SVCS   Insurance   4,300.00
07/31/2001   20291   KILROY REALTY, L.P.   Rent   4,100.00
               
        Subtotal       755,369.04
               
        ADD: Payroll Disbursements (see attached)   160,098.97
               
        Total Disbursements       915,468.01
               

In re:   eToys, Inc.
  Case No.   01-00706 (MFW)


CASH DISBURSEMENTS
PAYROLL ACCOUNT
JULY 2001

CHECKNUM

  CHECK DATE
  NET
AMOUNT

  NET
CHECKS

  PAYROLL
TAXES

  FEES
Payroll Fees   07/02/2001   175.73           175.73
306351   07/06/2001   2,246.94   2,246.94        
306352   07/06/2001   840.66   840.66        
306353   07/06/2001   1,161.50   1,161.50        
306354   07/06/2001   244.36   244.36        
306355   07/06/2001   813.83   813.83        
306356   07/06/2001   526.26   526.26        
306357   07/06/2001   575.86   575.86        
306358   07/06/2001   933.93   933.93        
Tax   07/06/2001   3,295.33       3,295.33    
Payroll Fees   07/09/2001   220.81           220.81
40620   07/13/2001   115.17   115.17        
306359   07/13/2001   2,683.62   2,683.62        
306360   07/13/2001   840.66   840.66        
306361   07/13/2001   1,161.50   1,161.50        
306362   07/13/2001   451.25   451.25        
306363   07/13/2001   813.84   813.84        
306364   07/13/2001   441.68   441.68        
306365   07/13/2001   726.4   726.4        
306366   07/13/2001   933.94   933.94        
Tax   07/13/2001   3,166.53       3,166.53    
Payroll Fees   07/16/2001   162.66           162.66
306367   07/20/2001   2,969.22   2,969.22        
306368   07/20/2001   840.67   840.67        
306369   07/20/2001   1,161.50   1,161.50        
306370   07/20/2001   456.51   456.51        
306371   07/20/2001   813.83   813.83        
306372   07/20/2001   441.68   441.68        
Payroll Fees   07/20/2001   127.34           127.34
Tax   07/20/2001   2,468.57       2,468.57    
Tax   07/20/2001   3,074.02       3,074.02    
40621   07/27/2001   653.82   653.82        
306373   07/27/2001   2,540.82   2,540.82        
306374   07/27/2001   840.66   840.66        
306375   07/27/2001   1,161.49   1,161.49        
306376   07/27/2001   461.8   461.8        
306377   07/27/2001   813.84   813.84        
306378   07/27/2001   526.27   526.27        
Payroll Fees   07/27/2001   128.18           128.18
Tax   07/27/2001   2,508.94       2,508.94    
Tax   07/31/2001   1,189.92       1,189.92    
Payroll Fees   07/31/2001   26.32           26.32
Payroll Fees   07/31/2001   26.32           26.32
       
           
TOTAL DISBURSEMENTS—eToys, Inc.   45,764.18            
       
           

In re:   eToys, Inc.
  Case No.   01-00706 (MFW)


CASH DISBURSEMENTS
PAYROLL ACCOUNT
JULY 2001

 
   
   
   
   
   
Payroll Fees   07/02/2001   146.04           146.04
605413   07/06/2001   514.44   514.44        
605414   07/06/2001   435.16   435.16        
605415   07/06/2001   639.08   639.08        
605416   07/06/2001   259.97   259.97        
605417   07/06/2001   364.81   364.81        
605418   07/06/2001   408.18   408.18        
605419   07/06/2001   526.48   526.48        
605420   07/06/2001   623.15   623.15        
605421   07/06/2001   436.03   436.03        
605422   07/06/2001   430.05   430.05        
605423   07/06/2001   696.5   696.5        
605424   07/06/2001   950.15   950.15        
605425   07/06/2001   460.49   460.49        
605426   07/06/2001   412.81   412.81        
605427   07/06/2001   968.18   968.18        
605428   07/06/2001   385.97   385.97        
605429   07/06/2001   1,032.67   1,032.67        
605430   07/06/2001   685.28   685.28        
605431   07/06/2001   474.58   474.58        
605432   07/06/2001   94.62   94.62        
605433   07/06/2001   334.22   334.22        
605434   07/06/2001   381.54   381.54        
605435   07/06/2001   947.02   947.02        
605436   07/06/2001   1,461.93   1,461.93        
605437   07/06/2001   1,155.52   1,155.52        
605438   07/06/2001   445.15   445.15        
605439   07/06/2001   459.26   459.26        
605440   07/06/2001   349.8   349.8        
605441   07/06/2001   434.73   434.73        
605442   07/06/2001   465   465        
605443   07/06/2001   1,005.48   1,005.48        
605444   07/06/2001   413   413        
605445   07/06/2001   373.98   373.98        
605446   07/06/2001   441.8   441.8        
605447   07/06/2001   442.91   442.91        
605448   07/06/2001   4,743.78   4,743.78        
Tax   07/06/2001   14,698.08       14,698.08    
Payroll Fees   07/09/2001   154.66           154.66
605449   07/13/2001   514.44   514.44        
605450   07/13/2001   91.09   91.09        
605451   07/13/2001   639.08   639.08        

In re:   eToys, Inc.
  Case No.   01-00706 (MFW)


CASH DISBURSEMENTS
PAYROLL ACCOUNT
JULY 2001

 
   
   
   
   
   
605452   07/13/2001   167.2   167.2        
605453   07/13/2001   412.83   412.83        
605454   07/13/2001   412.81   412.81        
605455   07/13/2001   464.51   464.51        
605456   07/13/2001   623.15   623.15        
605457   07/13/2001   433.49   433.49        
605458   07/13/2001   350.99   350.99        
605459   07/13/2001   432.11   432.11        
605460   07/13/2001   950.14   950.14        
605461   07/13/2001   485.85   485.85        
605462   07/13/2001   412.83   412.83        
605463   07/13/2001   628.36   628.36        
605464   07/13/2001   424.24   424.24        
605465   07/13/2001   1,032.67   1,032.67        
605466   07/13/2001   474.58   474.58        
605467   07/13/2001   331.65   331.65        
605468   07/13/2001   485.86   485.86        
605469   07/13/2001   947.02   947.02        
605470   07/13/2001   1,461.92   1,461.92        
605471   07/13/2001   1,155.52   1,155.52        
605472   07/13/2001   355.4   355.4        
605473   07/13/2001   482.96   482.96        
605474   07/13/2001   1,005.50   1,005.50        
605475   07/13/2001   422.46   422.46        
605476   07/13/2001   424.95   424.95        
605477   07/13/2001   4,743.76   4,743.76        
Tax   07/13/2001   13,272.96       13,272.96    
Payroll Fees   07/16/2001   177.72           177.72
605478   07/20/2001   526.95   526.95        
605479   07/20/2001   412.81   412.81        
605480   07/20/2001   353.52   353.52        
605481   07/20/2001   968.18   968.18        
605482   07/20/2001   445.92   445.92        
605483   07/20/2001   1,032.68   1,032.68        
605484   07/20/2001   490.08   490.08        
605485   07/20/2001   947.01   947.01        
605486   07/20/2001   1,461.93   1,461.93        
605487   07/20/2001   445.15   445.15        
605488   07/20/2001   482.95   482.95        
605489   07/20/2001   1,005.49   1,005.49        
605490   07/20/2001   422.47   422.47        
605491   07/20/2001   424.94   424.94        
605492   07/20/2001   4,909.73   4,909.73        
Payroll Fees   07/20/2001   116.29           116.29
Tax   07/20/2001   9,680.88       9,680.88    

In re:   eToys, Inc.
  Case No.   01-00706 (MFW)


CASH DISBURSEMENTS
PAYROLL ACCOUNT
JULY 2001

 
   
   
   
   
   
Tax   07/20/2001   1,465.12       1,465.12    
605493   07/27/2001   531.65   531.65        
605494   07/27/2001   412.82   412.82        
605495   07/27/2001   358.64   358.64        
605496   07/27/2001   968.18   968.18        
605497   07/27/2001   434.44   434.44        
605498   07/27/2001   1,032.67   1,032.67        
605499   07/27/2001   494.33   494.33        
605500   07/27/2001   1,461.92   1,461.92        
605501   07/27/2001   366.04   366.04        
605502   07/27/2001   474.07   474.07        
605503   07/27/2001   1,005.49   1,005.49        
605504   07/27/2001   424.91   424.91        
605505   07/27/2001   427.2   427.2        
605506   07/27/2001   1,163.97   1,163.97        
Payroll Fees   07/27/2001   162.11           162.11
Tax   07/27/2001   4,723.40       4,723.40    
201321   07/31/2001   430.30   430.30        
       
           
TOTAL DISBURSEMENTS—LLC   114,334.79            
       
           
TOTAL DISBURSEMENTS   160,098.97   98,931.04   59,543.75   1,624.18
       
 
 
 

In re:   eToys, Inc.
  Case No.   01-00706 (MFW)


UNION BANK PAYROLL ACCOUNT
OUTSTANDING CHECKS
JULY 31, 2001

CHECKNUM
  CHECK DATE
  NET
AMOUNT

00010024   03/01/01   2,145.48
00020077   03/01/01   123.34
00031164   03/01/01   948.84
00031165   03/01/01   4,065.28
00031232   03/01/01   90.34
00040393   03/01/01   4,281.94
00040394   03/01/01   299.40
00305692   03/06/01   37.50
00305700   03/06/01   2,764.29
00305770   03/06/01   1,036.41
00305827   03/06/01   80.47
00305837   03/06/01   171.40
00305839   03/06/01   171.49
00305844   03/06/01   91.45
00305845   03/06/01   86.17
00305847   03/06/01   37.49
00305848   03/06/01   133.66
00305854   03/06/01   293.66
00305876   03/06/01   180.08
00305883   03/06/01   125.27
00305914   03/06/01   191.95
00305919   03/06/01   248.56
00305923   03/06/01   119.62
00305937   03/06/01   117.48
00305943   03/06/01   148.29
00305945   03/06/01   294.50
00305968   03/06/01   316.55
00305972   03/06/01   281.38
00305976   03/06/01   140.70
00305977   03/06/01   290.34
00305992   03/06/01   224.53
00305999   03/06/01   281.38
00306003   03/06/01   183.15
00306004   03/06/01   316.56
00306005   03/06/01   309.53
00603580   03/06/01   65.07
00603850   03/06/01   442.62
00603862   03/06/01   484.70
00603931   03/06/01   330.82
00603935   03/06/01   363.49
00603945   03/06/01   218.40
00603949   03/06/01   126.61
00603950   03/06/01   123.11
00603980   03/06/01   116.43
00603988   03/06/01   133.64

In re:   eToys, Inc.
  Case No.   01-00706 (MFW)


UNION BANK PAYROLL ACCOUNT
OUTSTANDING CHECKS
JULY 31, 2001

 
   
   
00603990   03/06/01   191.40
00020084   03/09/01   140.70
00020086   03/09/01   218.07
00604003   03/16/01   59.10
00604048   03/16/01   87.94
00031401   03/23/01   423.15
00604154   03/23/01   365.22
00031415   03/28/01   3.28
00604319   03/30/01   271.09
00604354   03/30/01   456.52
00604454   04/06/01   295.27
00306068   04/13/01   803.58
00306084   04/13/01   2,513.04
00604630   04/13/01   950.67
00604650   04/13/01   629.01
00604654   04/13/01   1,402.64
00306125   04/20/01   28.11
00306149   04/20/01   33.59
00306157   04/20/01   48.90
00306161   04/20/01   228.66
00306162   04/20/01   19.22
00306189   04/20/01   84.74
00604978   04/20/01   46.35
00040593   05/04/01   1,205.91
00031426   05/18/01   303.10
00306290   05/25/01   5,307.57
605414   07/06/2001   435.16
605450   07/13/2001   91.09
605486   07/20/2001   1,461.93
306373   07/27/2001   2,540.82
306374   07/27/2001   840.66
306375   07/27/2001   1,161.49
306376   07/27/2001   461.80
605495   07/27/2001   358.64
605497   07/27/2001   434.44
605499   07/27/2001   494.33
605500   07/27/2001   1,461.92
605506   07/27/2001   1,163.97
       
        50,056.45
       

In re:   eToys, Inc.
  Case No.   01-00706 (MFW)

STATEMENT OF OPERATIONS (MOR-2)
March 7 through July 31, 2001 and One Month Ended July 31, 2001
UNAUDITED

 
  Mar 7 - Jul 31, '01
  Jul '01
Ordinary Income/Expense        
    Income        
      Liquidation Proceeds        
        Loss on Disposal of Assets   -27,927,357.20    
        Refunds Received   16,004.61    
        Liquidation Proceeds—Other   490,674.11   94,466.06
   
 
      Total Liquidation Proceeds   -27,420,678.48   94,466.06
   
 
    Total Income   -27,420,678.48   94,466.06
   
 
  Gross Profit   -27,420,678.48   94,466.06
    Expense        
      Advertising   10,845.34   0.00
      Bank Service Charges   137,642.68   10.00
      Dues and Subscriptions   9,144.19   0.00
      Employee Benefits   351,409.87   22,907.49
      Equipment Leases   111,397.78   0.00
      Insurance   795,876.45   314,906.04
      Janitorial Services   0.00   0.00
      Licenses and Permits   3,348.02   0.00
      Miscellaneous   11,592.12   -107.20
      Moving Expense   0.00   0.00
      Office Relocation Expense   37,333.00   0.00
      Outside Services   114,293.92   19,618.93
      Parking   56,115.97   0.00
      Payroll Taxes   68,490.86   5,256.04
      Postage and Delivery   7,548.15   227.24
      Professional Fees        
        Accounting   1,593.59   0.00
        Legal Fees   10,000.00   0.00
        Professional Fees—Other   3,868.94   3,868.94
   
 
      Total Professional Fees   15,462.53   3,868.94
      Rent   381,906.19   33,087.11
      Repairs        
        Computer Repairs   138,848.94   0.00
        Equipment Repairs   11,537.01   0.00
        Repairs—Other   66,713.92   0.00
   
 
      Total Repairs   217,099.87   0.00
      Salaries & Wages        
        Vacation Expense   19,748.25   0.00
        Salaries & Wages—Other   1,243,566.10   38,443.96
   
 
      Total Salaries & Wages   1,263,314.35   38,443.96
      Sales Tax   25,388.98   0.00
      Security   763.35   0.00
      Supplies        
        Office   7,672.48   302.39
        Supplies—Other   337.91   0.00
   
 
      Total Supplies   8,010.39   302.39

See accompanying Note To Financial Statements


In re:   eToys, Inc.
  Case No.   01-00706 (MFW)

STATEMENT OF OPERATIONS (MOR-2)
March 7 through July 31, 2001 and One Month Ended July 31, 2001
UNAUDITED

 
   
   
        Taxes        
          State   0.00   0.00
          Taxes—Other   29,810.37   1,849.37
   
 
        Total Taxes   29,810.37   1,849.37
        Telephone        
          Communications Expense   180,774.41   81,294.85
          Telephone—Other   113,992.17   10,570.31
   
 
        Total Telephone   294,766.58   91,865.16
        Travel & Ent        
          Meals   301.98   0.00
          Travel   6,090.70   1,517.96
          Travel & Ent—Other   22,068.12   1,716.42
   
 
        Total Travel & Ent   28,460.80   3,234.38
        Utilities        
          Gas and Electric   86.69   0.00
          Utilities—Other   0.00   0.00
   
 
        Total Utilities   86.69   0.00
   
 
      Total Expense   3,980,108.45   535,469.85
   
 
  Net Ordinary Income   -31,400,786.93   -441,003.79
  Other Income/Expense        
    Other Income        
      Interest Income   331,073.13   191,281.63
      Miscellaneous Income   4,713.09   0.00
   
 
    Total Other Income   335,786.22   191,281.63
    Other Expense        
      Reorganization Expenses        
        Other Reorganization Expenses        
          Post-Petition Payments        
            Asset Management   229,758.65   27,688.65
            IT Consulting Services   6,732.50   0.00
            Legal Notices/Publication   48,216.13   0.00
   
 
          Total Post-Petition Payments   284,707.28   27,688.65
          Pre-Petition Payments        
            Employee Reimbursements   6,020.71   0.00
            Exp Deducted—Sec Dep   6,600.00   0.00
            Other Critical Vendors   8,588.84   0.00
            Payroll   540,337.53   0.00
            Sales & Other Taxes   -4,613.94   0.00
   
 
          Total Pre-Petition Payments   556,933.14   0.00
          Provision for Restructuring Chg   97,853,000.00   0.00
   
 
        Total Other Reorganization Expenses   98,694,640.42   27,688.65
        Professional Fees   2,621,522.53   489,183.69
        U.S. Trustees Fees   14,000.00   8,500.00
        Reorganization Expenses—Other   100,000.00   0.00
   
 
      Total Reorganization Expenses   101,430,162.95   525,372.34
   
 
    Total Other Expense   101,430,162.95   525,372.34
   
 
  Net Other Income (Expense)   -101,094,376.73   -334,090.71
   
 
Net Loss   -132,495,163.66   -775,094.50
   
 

See accompanying Note To Financial Statements


In re:   eToys, Inc.
  Case No.   01-00706 (MFW)


Balance Sheet (MOR-3)
As of July 31, 2001
UNAUDITED

 
  Jul 31, '01
ASSETS    
  Current Assets    
    Checking/Savings    
      101000B—UBOC DIP A/C   64,832.38
      101100—UBOC Payroll   3,729.74
      101860—UBOC CD   21,079,056.91
      101861—UBOC CD   603,181.05
      101864—UBOC CD   11,160,750.53
      102000—Wells Fargo CD   100,000.00
      105000—Cash on Deposit   288,000.00
      106000—UBOC Cert. of Dep.   319,429.60
      107000—UBOC Cert. of Deposit   187,500.00
      109600—Wells Fargo Credit Crd   103,751.98
   
    Total Checking/Savings   33,910,232.19
    Other Current Assets    
      Other Liquidated Debts    
        122500—Employee Receivables   400.00
        129000—A/R Other   607,563.52
        152000—Prepaid Marketing   3,546,581.00
        152500—Prepaid Maintenance   125,872.09
        153000—Prepaid License   83,927.45
        159000—Prepaid Other   2,654,894.61
        241000—Deposits   416,222.00
   
      Total Other Liquidated Debts   7,435,460.67
   
    Total Other Current Assets   7,435,460.67
   
  Total Current Assets   41,345,692.86
  Fixed Assets    
    FF&E    
      202000—Office Equipment   1,199,705.47
      202500—Furniture & Fixtures   145,297.80
      203000—Computer Hardware   6,408,476.32
      204500—Off. Equip. Cap Lease   253,846.17
      205000—Furn & Fixt Cap Lease   750,518.79
      205500—Comp Hdwre Cap Lease   10,719,162.01
      212000—A/D Office Equipment   -319,133.93
      212500—A/D Furn & Fixtures   -31,543.65
      213000—A/D Computer Hardware   -1,544,232.78
      214500—A/D Off.Equip. Cap Lse   -106,402.17
      215000—A/D F & F Cap Lse   -219,089.28
      215500—A/D Comp Hdwr Cap Lse   -5,017,334.09
   
    Total FF&E   12,239,270.66
    Leasehold Improvements    
      201000—Leasehold Improvements   7,401,458.00
      211000—Accum. Depr. Lease Imp   -413,074.51
   
    Total Leasehold Improvements   6,988,383.49
   
  Total Fixed Assets   19,227,654.15
  Other Assets    
    I/C Receivables—Post Petition    
      251000 POST—Due From Dist LLC   -10,685,773.25
   
    Total I/C Receivables—Post Petition   -10,685,773.25
    I/C Receivables Pre-Petition    
      251500—Due From eToys Dist   62,252,413.51
      255000—Due From eToys Europe   1,769,504.33
   
    Total I/C Receivables Pre-Petition   64,021,917.84

See accompanying Notes to Financial Statements


In re:   eToys, Inc.
  Case No.   01-00706 (MFW)


Balance Sheet (MOR-3)
As of July 31, 2001
UNAUDITED

 
   
    Intangible Assets    
      231000—Goodwill   2,596,625.08
      231500—Accum. Amort. Goodwill   -1,121,654.00
      232000—License Fee   2,565,922.69
      232500—Accum. Amort. License   -388,280.31
      243000—Debt Issuance Cost   5,003,543.62
      243500—Accum Amort Debt Costs   -1,066,386.73
      244000—Lease/Loan Orig. Fees   392,545.81
      244500—Accum Amort Lease Fees   -43,749.99
   
    Total Intangible Assets   7,938,566.17
    Reserve—I/C Receivables   -55,000,000.00
    Reserve for Restructuring Chrgs   -23,939,294.95
   
  Total Other Assets   -17,664,584.19
   
TOTAL ASSETS   42,908,762.82
   
LIABILITIES & EQUITY    
  Liabilities    
    Current Liabilities    
      Accounts Payable    
        Accounts Payable   419,662.06
   
      Total Accounts Payable   419,662.06
      Other Current Liabilities    
        Post-Petition Liabilities    
          340000—Accrued Prof Fees   1,978,902.00
          350000—Deposit Liabilities   47,500.00
   
        Total Post-Petition Liabilities   2,026,402.00
   
      Total Other Current Liabilities   2,026,402.00
   
    Total Current Liabilities   2,446,064.06
    Long Term Liabilities    
      Liabs Subject to Compromise    
        Priority Claims    
          303000P—Gift Certificates   646,521.86
          304500P—Employee Benefits   29,570.00
          311000P—Taxing Authority   137,259.00
          332000P—Employee Comp Liab   213,504.12
   
        Total Priority Claims   1,026,854.98
        Secured Claims    
          351000—Capital Lease Oblgns   9,255,313.94
          352000—L-T Notes Payable   1,107,131.33
   
        Total Secured Claims   10,362,445.27
        Unsecured Claims    
          300000—Accounts Payable   21,353,808.61
          326000—Agreement   2,583,268.44
          327000—Contract   93,805.00
          328000—Litigation   51,899.52
          331000—Web Affiliate   185,120.00
          332000—Employee Comp   615,562.49
          335000—Accrued Interest Pyble   2,670,000.75
          351000—Equipment Lease   1,666,630.92
          353000—Subordinated N/P    
            353000 A—Subordinated N/P   89,000,000.00
            353000 B—Subordinated N/P   61,000,000.00
   
          Total 353000—Subordinated N/P   150,000,000.00
   
        Total Unsecured Claims   179,220,095.73
   
      Total Liabs Subject to Compromise   190,609,395.98
   
    Total Long Term Liabilities   190,609,395.98
   
  Total Liabilities   193,055,460.04
   
  Total Equity   -150,146,697.22
   
TOTAL LIABILITIES & EQUITY   42,908,762.82
   

See accompanying Notes to Financial Statements


In re:   eToys, Inc.
  Case No.   01-00706 (MFW)

Notes to Unaudited Financial Statements (MOR-2 3)
As of July 31, 2001
UNAUDITED

NOTE 1—Basis of Presentation

    Assets are carried at cost. Amounts anticipated to be realized from the liquidation of the Company's assets are expected to be significantly less than book value. The Company has not been able to definitively determine the amount expected to be realized from the sale of its assets. No adjustment has been made to the cost basis of assets to reflect the lower value.

NOTE 2—Provision For Restructuring and Asset Impairment

    Due to the Company's filing for Chapter 11 protection and the determination that there were no ready buyers for the Company, the Company's assets are being sold and the Company will be liquidated. Cash expected to be realized from the liquidation of the Company's assets is expected to be considerably less than cost basis. Accordingly, management has prepared an estimate of net realizable values and charged a provision to statement of operations and established a reserve on the Company's balance sheet. There can be no assurance that this reserve is adequate to cover the losses actually realized upon asset sales.


In re:   eToys, Inc.
  Case No.   01-00706 (MFW)
    Debtor   Reporting Period:   07/01/01-07/31/01


MOR-4
STATUS OF POSTPETITION TAXES

    The beginning tax liability should be the ending liability from the prior month or, if this is the first report, the amount should be zero. Attach photocopies of IRS Form 6123 or payment receipt to verify payment or deposit of federal payroll taxes. Attach photocopies of any tax returns filed during the reporting period.

 
  Beginning
tax
Liability

  Amount
withheld or
Actual

  Amount
Paid

  Date
paid

  Check No.
  Ending
Tax
Liability

FEDERAL                        
Withholding   0.00   5,218.49   5,218.49   7/6, 7/13, 7/20, & 7/27   Note 1   0.00
FICA-Employer   0.00   2,188.92   2,188.92   7/6, 7/13, 7/20, & 7/27   Note 1   0.00
FICA-Employee   0.00   2,188.92   2,188.92   7/6, 7/13, 7/20, & 7/27   Note 1   0.00
Tax Adjustment   0.00   4,263.94   4,263.94   7/20       0.00
Tax Refund   0.00   (1,196.82 ) (1,196.82 )         0.00
Unemployment   0.00   0.00   0.00           0.00
Income   0.00   0.00   0.00           0.00
Other:   0.00   0.00   0.00           0.00
  Total Federal Taxes   0.00   12,663.45   12,663.45           0.00
STATE AND LOCAL                        
Withholding   0.00   1,843.04   1,843.04   7/6, 7/13, 7/20, & 7/27   Note 1   0.00
Sales   0.00   0.00   0.00           0.00
Excise   0.00   0.00   0.00           0.00
Unemployment   0.00   0.00   0.00       Note 1   0.00
Real Property   0.00   0.00   0.00           0.00
Personal Property   0.00   0.00   0.00           0.00
Other:   0.00   0.00   0.00           0.00
  Total State and Local   0.00   1,843.04   1,843.04           0.00
Total taxes   0.00   14,506.49   14,506.49           0.00

Note 1—All payroll taxes are impounded by the independent payroll service on or about the date of each payroll and remitted to the appropriate agencies.


SUMMARY OF UNPAID POSTPETITION DEBTS

Attach aged listing of accounts payable.

 
   
  Number of Days Past Due
 
  Current
  1-30
  31-60
  61-90
  > 90
  Total
Accounts payable   1,455.97   56,956.77   215,219.64   134,722.78   11,306.90   419,662.06
Wages payable                        
Taxes Payable                      
Rent/Lease-Equipment                        
Secured Debt/Adequate Protection Payments                        
Professional Fees                       1,606,037.00
Amounts Due to Insiders*                        
Other: Deposit Liabilities                       22,500.00
Other:                        
Total Postpetition Debts                       2,048,199.06

Explain how and when the Debtor intends to pay any past-due postpetition debts.




* "Insider" is defined in 11 U.S.C. Section 101 (31).


In re:   eToys, Inc.
  Case No.   01-00706 (MFW)


Accounts Payable Aging Report
AS of July 31, 2001

 
  Current
  1-30
  31-60
  61-90
  > 90
  TOTAL
AMERICAN STOCK EXCHANGE   0.00   0.00   0.00   24.38   0.00   24.38
ARCUS DATA SECURITY   0.00   0.00   0.00   313.35   0.00   313.35
AVAYA   0.00   0.00   0.00   10,975.41   0.00   10,975.41
BANC ONE LEASING CORPORATION   0.00   0.00   28,841.00   23,258.87   0.00   52,099.87
BLOOMBERG LP   0.00   0.00   0.00   6,662.70   0.00   6,662.70
BLUE CROSS OF CALIFORNIA   0.00   30,592.33   0.00   0.00   0.00   30,592.33
CHASE MELLON SHAREHOLDER SERVICES   0.00   0.00   0.00   3,348.02   0.00   3,348.02
COMDISCO INC.   0.00   0.00   146,955.01   0.00   0.00   146,955.01
DE LAGE LANDEN   0.00   0.00   28,488.04   0.00   0.00   28,488.04
EXODUS   0.00   0.00   0.00   982.26   0.00   982.26
FEDERAL EXPRESS   61.62   29.38   0.00   0.00   0.00   91.00
GLOBAL CENTER   0.00   0.00   0.00   68,598.74   0.00   68,598.74
IBM CORPORATION   0.00   0.00   11,306.90   0.00   11,306.90   22,613.80
KILROY REALTY, L.P.   0.00   2,931.81   0.00   0.00   0.00   2,931.81
LEXIS NEXIS   0.00   0.00   0.00   478.62   0.00   478.62
MARSH RISK & INSURANCE SVCS   0.00   0.00   -458.00   0.00   0.00   -458.00
MERRILL COMMUNICATIONS LLC   0.00   551.04   0.00   0.00   0.00   551.04
PACIFIC BELL (SAC)   0.00   0.00   0.00   187.64   0.00   187.64
PBCC   0.00   0.00   0.00   994.68   0.00   994.68
SALOMON SMITH BARNEY   0.00   1,425.96   0.00   0.00   0.00   1,425.96
SOUTH BAY SECURITY   0.00   0.00   0.00   450.00   0.00   450.00
SPIEKER PROPERTIES   0.00   0.00   86.69   0.00   0.00   86.69
SPRINT (ATLANTA)   0.00   12,638.85   0.00   8.08   0.00   12,646.93
SPRINT (PO BOX 79255)   0.00   8,787.40   0.00   0.00   0.00   8,787.40
VERIZON CALIFORNIA   300.85   0.00   0.00   0.00   0.00   300.85
VERIZON WIRELESS—LA   0.00   0.00   0.00   18,350.03   0.00   18,350.03
XEROX CORPORATION   0.00   0.00   0.00   90.00   0.00   90.00
YOUNG, BYNNE   1,093.50   0.00   0.00   0.00   0.00   1,093.50
   
 
 
 
 
 
TOTAL   1,455.97   56,956.77   215,219.64   134,722.78   11,306.90   419,662.06
   
 
 
 
 
 

In re:   eToys, Inc.
  Case No.   01-00706 (MFW)
        Reporting Period:   07/01/01-07/31/01


MOR-5
ACCOUNTS RECEIVABLE RECONCILIATION AND AGING

 
  Amount
Accounts Receivable Reconciliation      
Total Accounts Receivable at the beginning of the reporting period   $ 607,963.52
(+) Amounts billed during the period      
(-) Amounts collected during the period      
(-) Other adjustments, see Note 1      
   
Total Accounts Receivable at the end of the reporting period   $ 607,963.52
   

Accounts Receivable Aging

 

 

 
0-30 days old   $  
31-60 days old      
61-90 days old      
91 + days old     607,963.52
   
Total Accounts Receivable   $ 607,963.52
   
Amount considered uncollectible (Bad Debt)      
Accounts Receivable (Net)   $ 607,963.52
   

Note 1: Adjustment for employee receivables that were repaid prior to chapter 11.


DEBTOR QUESTIONNAIRE

Must be completed each month

  Yes
  No
1.   Have any assets been sold or transferred outside the normal course of business this reporting period? If yes, Provide an explanation below.   X    
2.   Have any funds been disbursed from any account other than a debtor in possession account this reporting period? If yes, provide an explanation below.       X
3.   Have all postpetition tax returns been timely filed? If no, provide an explanation below.   X    
4.   Are workers compensation, general liability and other necessary insurance coverages in effect? If no, provide an explanation below.   X    

Assets/inventory and/or scrap was sold outside the normal course of business as a result of the company operating in a liquidation process.


UNITED STATES BANKRUPTCY COURT
DISTRICT OF DELAWARE
OFFICE OF THE US TRUSTEE—REGION 3

In re:   eToys Distribution LLC
  Case No.   01-00707 (MFW)
        Reporting Period:   07/01/01-07/31/01

MONTHLY OPERATING REPORT
File with Court and submit copy to United States Trustee within 20 days after end of month

    Submit copy of report to any official committee appointed in the case

Required Documents

  Form No.
  Document Attached
  Explanation Attached
Schedule of Cash Receipts and Disbursements   MOR-1   X    
  Bank Reconciliation (or copies of debtor's bank reconciliations)   MOR-1 (CON'T)   X    
  Copies of bank statements       X    
  Cash disbursements journals       X    
Statement of Operations   MOR-2   X    
Balance Sheet   MOR-3   X    
Status of Postpetition Taxes   MOR-4   X    
  Copies of IRS Form 6123 or payment receipt           X
  Copies of tax returns filed during reporting period           X
Summary of Unpaid Postpetition Debts   MOR-4   X    
  Listing of aged accounts payable       X    
Accounts Receivable Reconciliation and Aging   MOR-5   X    
Debtor Questionnaire   MOR-5   X    

I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief.

/s/ Barry Gold CEO
Signature of Debtor
  8/20/01
Date


Signature of Joint Debtor

 


Date


Signature of Authorized Individual

 


Date


Printed Name of Authorized Individual

 


Title of Authorized Individual

*Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company.


In re:   eToys Distribution LLC
  Case No.   01-00707 (MFW)
        Reporting Period:   07/01/01-07/31/01

Attachment to Monthly Operating Report (MOR cover page):

    All payroll taxes are impounded by the independent payroll service therefore payment receipt is not applicable.

    There was no tax return filed during the period. Tax return filing extension requests were filed for all necessary Federal and State tax returns for the fiscal year ended March 31, 2001. Payroll and sales tax returns are prepared on a quarterly basis and submitted to respective government agency within thirty days after the end of each quarter.


In re:   eToys Distribution LLC
  Case No.   01-00707 (MFW)
    Debtor   Reporting Period:   07/01/01-07/31/01

MOR-1
SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

    Amounts reported should be per the debtor's books, not the bank statement. The beginning cash should be the ending cash from the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the "CURRENT MONTH-ACTUAL" column must equal the sum of the four bank account columns. The amounts reported in the "PROJECTED" columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM-IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements listed in the disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for the cash account.

 
  UBOC
Pre-petition

  BofA
Acct No.
1459-2-08325

  Union Bank
Acct No.
2180039778

   
  Total
 
CASH BEGINNING OF MONTH   0.00   0.00   75,481.17       75,481.17  

CASH SALES

 

 

 

 

 

 

 

 

 

0.00

 
ACCOUNTS RECEIVABLE                   0.00  
LOANS AND ADVANCES                   0.00  
SALE OF ASSETS                   0.00  
DUE FROM LLC                   0.00  
OTHER (attach list)                   0.00  
TRANSFERS—SWEEP ACCOUNT                   0.00  
TRANSFERS FROM eTOYS INC CD           200,000.00       200,000.00  
TRANSFERS FROM PRE-PETITION                   0.00  
TRANSFERS FROM eTOYS INC DIP           110,000.00       110,000.00  
INTEREST                   0.00  
TOTAL RECEIPTS   0.00   0.00   310,000.00       310,000.00  

DISBURSEMENTS

 

 

 

 

 

 

 

 

 

 

 
NET PAYROLL                   0.00  
PAYROLL TAXES                   0.00  
SALES,USE,& OTHER TAXES           (214.28 )     (214.28 )
INVENTORY PURCHASES                   0.00  
SECURED/RENT/LEASES           (197,205.83 )     (197,205.83 )
INSURANCE                   0.00  
ADMINISTRATIVE           (106,613.55 )     (106,613.55 )
SELLING                   0.00  
OTHER (attach list)                   0.00  
PRE-PETITION EXPENSES *                   0.00  
OWNER DRAW                   0.00  
TRANSFERS                   0.00  
  Transfer to eToys Inc. DIP                   0.00  
  Transfer to PR                   0.00  
  Transfer to CD                   0.00  
  Due to LLC                   0.00  
  Transfer to Pre-petition                   0.00  
PROFESSIONAL FEES                   0.00  
U.S. TRUSTEE QUARTERLY FEES           (5,000.00 )     (5,000.00 )
COURT COSTS                   0.00  
TOTAL DISBURSEMENTS   0.00   0.00   (309,033.66 )     (309,033.66 )

NET CASH FLOW

 

0.00

 

0.00

 

966.34

 

 

 

966.34

 

CASH END OF MONTH

 

0.00

 

0.00

 

76,447.51

 

 

 

76,447.51

 

*
PAYMENTS MADE TO CRITICAL VENDORS AND EMPLOYEE REIMBURSEMENTS PURSUANT TO FIRST DAY ORDER

    THE FOLLOWING SECTION MUST BE COMPLETED

TOTAL DISBURSEMENTS     309,033.66
LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS     0.00
PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES   $  
TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES     309,033.66

Note: All payroll disbursements of eToys Distribution LLC were paid by eToys, Inc. and included in Etoys Inc. MOR-1.


In re:   eToys Distribution LLC
  Case No.   01-00707 (MFW)
    Debtor   Reporting Period:   07/01/01-07/31/01


BANK RECONCILIATIONS
Continuation Sheet for MOR-1

    A bank reconciliation must be included for each bank account. The debtor's bank reconciliation may be substituted for this page

      Union Bank of Cal.
2180039778
    Bank of America
1459-2-08325
               
BALANCE PER BOOKS   $ 75,481.17   $                
BANK BALANCE   $ 246,734.77   $                
(+) DEPOSITS IN TRANSIT (attach list)         0.00                
(-) OUTSTANDING CHECKS (attach list)     (170,287.26 )   0.00                
OTHER (attach list)                                    
ADJUSTED BANK BALANCE   $ 76,447.51   $                

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
* Adjusted bank balance must equal balance per books                                    

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
DEPOSITS IN TRANSIT   Date
  Amount
  Date
  Amount
  Date
  Amount
  Date
  Amount
      None     None                

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
CHECKS OUTSTANDING   Ck#
  Amount
  Ck#
  Amount
  Ck#
  Amount
  Ck#
  Amount
      30164-   17,580.65     None                
      30177-   14.91                          
      30178-   1,992.19                          
      30179-   444.60                          
      30180-   254.91                          
      30181-   5,000.00                          
      30182-   145,000.00                          

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Total Outstanding Checks     $170,287.26                          

OTHER






In re:   eToys Distribution LLC
  Case No.   01-00707 (MFW)

Cash Disbursements
July 2001

Date

  Check
Number

  Name
  Amount
7/5/01   30156   NEXTEL COMMUNICATIONS     2,230.15
7/6/01   30157   K-9 SECURITY FORCE     1,215.00
7/6/01   30158   BURNS INTERNATIONAL SEC. SVCS     4,807.00
7/6/01   30159   PITTSYLVANIA COUNTY SERVICE AUTHORITY     214.28
7/6/01   30160   DEBBIE'S STAFFING    
7/9/01   30161   DEBBIE'S STAFFING     1,741.40
7/9/01   30162   DOMINION VIRGINIA POWER     43,676.31
7/10/01   30163   VOLT    
7/10/01   30164   SKECHERS     17,580.65
7/13/01   30165   AT&T     31.54
7/13/01   30166   DOMINION VIRGINIA POWER     36,708.06
7/13/01   30167   NEXTEL COMMUNICATIONS     2,308.05
7/13/01   30168   PACIFIC BELL    
7/13/01   30169   VERIZON—PO BOX 17398     1,562.15
7/13/01   30170   VERIZON—PO BOX 17577     382.85
7/13/01   30171   VERIZON CALIFORNIA     924.98
7/13/01   30172   BURNS INTERNATIONAL SEC. SVCS     4,807.00
7/19/01   30173   VOLT     3,512.45
7/19/01   30174   RAYMOND LEASING CORPORTATION    
7/23/01   30175   RAYMOND LEASING CORPORTATION     30,256.42
7/23/01   30176   RAYMOND LEASING CORPORTATION     4,368.76
7/26/01   30177   AT&T     14.91
7/26/01   30178   BURNS INTERNATIONAL SEC. SVCS     1,992.19
7/26/01   30179   DEBBIE'S STAFFING     444.60
7/26/01   30180   VERIZON—PO BOX 17577     254.91
7/26/01   30181   U.S. TRUSTEE     5,000.00
7/26/01   30182   NG LAND, LLC     145,000.00
           
        TOTAL DISBURSEMENTS   $ 309,033.66
           

In re:   eToys Distribution LLC
  Case No.   01-00707 (MFW)

Statement of Operations (MOR-2)
March 7 through July 31, 2001 and One Month Ended July 31, 2001
UNAUDITED

 
  Mar 7 - Jul 31, '01
  Jul '01
  Ordinary Income/Expense        
      Income        
        Liquidation Proceeds        
          Loss on Disposal of Assets   -38,308,708.11    
          Other Income   838.20    
          Refunds Received   1,159.08    
          Liquidation Proceeds—Other   2,135,144.32    
   
 
        Total Liquidation Proceeds   -36,171,566.51   0.00
   
 
      Total Income   -36,171,566.51   0.00
      Cost of Goods Sold        
        Cost of Goods Sold   2,044,470.55    
   
 
      Total COGS   2,044,470.55    
   
 
    Gross Profit   -38,216,037.06   0.00
      Expense        
        Automobile Expense   715.53    
        Dues and Subscriptions   22.56    
        Employee Benefits   0.00    
        Equipment Leases   347,146.88   34,625.18
        Equipment Rental   8,580.20    
        Freight   274,576.82    
        Miscellaneous   1,149.24    
        Outside Services   2,341.15   756.82
        Payroll taxes   100,276.55   9,158.88
        Postage and Delivery   180.10    
        Rent   2,002,306.50   162,580.65
        Repairs        
          Equipment Repairs   3,855.91    
   
 
        Total Repairs   3,855.91   0.00
        Salaries & Wages        
          Vacation Expense   31,316.57    
          Salaries & Wages—Other   1,211,448.25   104,419.09
   
 
        Total Salaries & Wages   1,242,764.82   104,419.09
        Security   119,707.14   12,663.64
        Supplies        
          Office   162.40    
          Supplies—Other   2,349.48    
   
 
        Total Supplies   2,511.88   0.00
        Taxes   19,079.00    
        Telephone        
          Communications Expense   2,718.45   569.77
          Telephone—Other   52,886.50   4,460.30
   
 
        Total Telephone   55,604.95   5,030.07
        Temporary Help   73,749.31   1,602.90

See accompanying Note To Financial Statements


In re:   eToys Distribution LLC
  Case No.   01-00707 (MFW)
 
  Mar 7 - Jul 31, '01
  Jul '01
        Travel & Ent        
          Travel   2,178.82    
          Travel & Ent—Other   562.34    
   
 
        Total Travel & Ent   2,741.16    
        Utilities        
          Gas and Electric   173,976.66   61.07
          Water   2,441.54   718.27
          Utilities—Other   24,464.40    
   
 
        Total Utilities   200,882.60   779.34
   
 
      Total Expense   4,458,192.30   331,616.57
   
 
  Net Ordinary Income   -42,674,229.36   -331,616.57
  Other Income/Expense        
      Other Income        
        Interest Income   4,179.63   4,179.63
        Other Income   734.65    
   
 
    Total Other Income   4,914.28   4,179.63
    Other Expense        
      Reorganization Expenses        
        Other Reorganization Expenses        
          Pre-Petition Payments        
            Employee Reimbursements   7,780.08    
            Exp Charged—Sec Dep   1,029,090.00    
            Other Critical Vendors   27,523.51    
   
 
          Total Pre-Petition Payments   1,064,393.59   0.00
          Provision for Restructuring Chg   54,251,000.00    
   
 
        Total Other Reorganization Expenses   55,315,393.59   0.00
        U.S. Trustees Fees   8,750.00   5,000.00
        Reorganization Expenses—Other   76,961.27    
   
 
      Total Reorganization Expenses   55,401,104.86   5,000.00
   
 
    Total Other Expense   55,401,104.86   5,000.00
   
 
  Net Other Income (Expense)   -55,396,190.58   -820.37
   
 
Net Loss   -98,070,419.94   -332,436.94
   
 

See accompanying Note To Financial Statements


In re:   eToys Distribution LLC
  Case No.   01-00707 (MFW)

Balance Sheet (MOR-3)
As of July 31, 2001
UNAUDITED

 
  Jul 31, '01
ASSETS    
  Current Assets    
    Checking/Savings    
      102000—UBOC DIP ACCOUNT   76,447.51
   
    Total Checking/Savings   76,447.51
    Other Current Assets    
      Inventory    
        131000—Inventory   1,628,239.72
   
      Total Inventory   1,628,239.72
      Other Liquidated Debts    
        122500—Employee Receivables   10,919.59
        129000—A/R Other   4,635.04
        155000—A/P Debit Balances   887,426.73
        159000—Other Prepaid Expenses   45,632.18
   
      Total Other Liquidated Debts   948,613.54
   
    Total Other Current Assets   2,576,853.26
   
  Total Current Assets   2,653,300.77
  Fixed Assets    
    Machinery & Equipment    
      201000—Leasehold Improvements   30,698,429.04
      201500—Heavy Equipment   2,511,662.88
      204000—Heavy Equip Cap Lse   10,069,284.07
      211000—A/D Leasehold Impr   -860,480.96
      211500—A/D Heavy Equipment   -80,326.78
      214000—A/D Heavy Eq Cap Lse   -326,090.20
   
    Total Machinery & Equipment   42,012,478.05
    Office Equipment & Furnishings    
      202000—Office Equipment   2,220,343.57
      202500—Furniture & Fixtures   1,776,903.22
      203000—Computer Hardware   1,813,253.39
      204500—Off Equip Cap Lse   3,169,392.68
      205000—Furn & Fix Cap Lse   1,669,178.61
      205500—Comp Hardware Cap Lse   3,537,520.06
      212000—A/D Office Equipment   -556,698.19
      212500—A/D Furn & Fixtures   -138,786.70
      213000—A/D Computer Hardware   -435,952.39
      214500—A/D off Equip Cap Lse   -263,968.32
      215000—A/D Furn & Fix Cap Lse   -122,973.58
      215500—Comp Hdwre Cap Lse   -781,790.45
   
    Total Office Equipment & Furnishings   11,886,421.90
    Vehicles    
      201800—Vehicle Equipment   63,697.11
      206500—Vehicle—Cap Lease   866,408.64
      211800—A/D Vehicle Equipment   -961.26
      216500—A/D Vehicle Cap Lease   -53,721.25
   
    Total Vehicles   875,423.24
   
  Total Fixed Assets   54,774,323.19
  Other Assets    
    Intangible Assets    
      244000—Lease/Loan Orig Fee   241,894.63
      244500—Accum Amort Loan Fees   -46,627.37
   

See accompanying notes to Financial Statements.


In re:   eToys Distribution LLC
  Case No.   01-00707 (MFW)

Balance Sheet (MOR-3)
As of July 31, 2001
UNAUDITED

 
  Jul 31, '01
    Total Intangible Assets   195,267.26
    Reserve for Restructuring   -54,251,000.00
    Security Deposits    
      105000—USPS   75,000.00
      241000—Other Security Deposit   1,404,466.48
   
    Total Security Deposits   1,479,466.48
   
  Total Other Assets   -52,576,266.26
   
TOTAL ASSETS   4,851,357.70
   
LIABILITIES & EQUITY    
  Liabilities    
    Current Liabilities    
      Accounts Payable    
        Accounts Payable   232,205.47
   
      Total Accounts Payable   232,205.47
      Other Current Liabilities    
        Post-Petition Liabilities    
          ESPP Liab   -301.32
          I/C Due to eToys, Inc.   -10,685,773.25
          Other Payroll Withholdings   137.31
          Vacation Accrual   31,316.57
   
        Total Post-Petition Liabilities   -10,654,620.69
   
      Total Other Current Liabilities   -10,654,620.69
   
    Total Current Liabilities   -10,422,415.22
    Long Term Liabilities    
      Liabs Subject to Compromise    
        Priority Claims    
          311000—Sales and Use Taxes   2,503,620.11
          332000P—Emp Claims Priority   162,969.44
   
        Total Priority Claims   2,666,589.55
        Secured Claims    
          351000—Capital Lease Oblgtns   11,431,105.14
          352000—L-T Notes Payable   11,939,562.59
   
        Total Secured Claims   23,370,667.73
        Unsecured Claims    
          301000—Accounts Payable   48,163,156.67
          303500—Equipment Lease   27,443.24
          332000U—Emp. Claims Unsecured   315,417.43
          I/C—Due to eToys, Inc.   65,413,313.98
   
        Total Unsecured Claims   113,919,331.32
   
      Total Liabs Subject to Compromise   139,956,588.60
   
    Total Long Term Liabilities   139,956,588.60
   
  Total Liabilities   129,534,173.38
   
  Total Equity   -124,682,815.68
   
TOTAL LIABILITIES & EQUITY   4,851,357.70
   

See accompanying notes to Financial Statements.


Notes to Unaudited Financial Statements (MOR-2 3)
As of July 31, 2001
UNAUDITED

NOTE 1—Basis of Presentation

    Assets are carried at cost. Amounts anticipated to be realized from the liquidation of the Company's assets are expected to be significantly less than book value. The Company has not been able to definitively determine the amount expected to be realized from the sale of its assets. No adjustment has been made to the cost basis of assets to reflect the lower value.

NOTE 2—Provision For Restructuring and Asset Impairment

    Due to the Company's filing for Chapter 11 protection and the determination that there were no ready buyers for the Company, the Company's assets are being sold and the Company will be liquidated. Cash expected to be realized from the liquidation of the Company's assets is expected to be considerably less than cost basis. Accordingly, management has prepared an estimate of net realizable values and charged a provision to statement of operations and established a reserve on the Company's balance sheet. There can be no assurance that this reserve is adequate to cover the losses actually realized upon asset sales.


In re:   eToys Distribution LLC
  Case No.   01-00707 (MFW)
Debtor       Reporting Period:   07/01/01-07/31/01


MOR-4
STATUS OF POSTPETITION TAXES

    The beginning tax liability should be the ending liability from the prior month or, if this is the first report, the amount should be zero. Attach photocopies of IRS Form 6123 or payment receipt to verify payment or deposit of federal payroll taxes. Attach photocopies of any tax returns filed during the reporting period.

 
  Beginning
tax
Liability

  Amount
with held or
Actual

  Amount
Paid

  Date
paid

  Check No.
  Ending
Tax
Liability

FEDERAL                        
Withholding   0.00   21,129.27   21,129.27   7/6, 7/13, 7/20, & 7/27   Note 1   0.00
FICA-Employee   0.00   7,693.76   7,693.76   7/6, 7/13, 7/20, & 7/27   Note 1   0.00
FICA-Employer   0.00   7,693.76   7,693.76   7/6, 7/13, 7/20, & 7/27   Note 1   0.00
Tax Rate Adjustment   0.00   1,465.12   1,465.12   07/20/01       0.00
Unemployment   0.00   0.00   0.00           0.00
Income   0.00   0.00               0.00
Other:   0.00   0.00               0.00
  Total Federal Taxes   0.00   37,981.91   37,981.91           0.00

STATE AND LOCAL

 

 

 

 

 

 

 

 

 

 

 

 
Withholding   0.00   5,858.53   5,858.53   7/6, 7/13, 7/20, & 7/27   Note 1   0.00
Sales   0.00   0.00   0.00           0.00
Excise   0.00   0.00   0.00           0.00
Unemployment   0.00   0.00   0.00           0.00
Real Property   0.00   0.00   0.00           0.00
Personal Property   0.00   0.00   0.00           0.00
Other:   0.00   0.00   0.00           0.00
  Total State and Local   0.00   5,858.53   5,858.53           0.00
Total taxes   0.00   43,840.44   43,840.44           0.00

Note 1—All payroll taxes are impounded by the independent payroll service on or about the date of each payroll and remitted to the appropriate agencies


SUMMARY OF UNPAID POSTPETITION DEBTS

Attach aged listing of accounts payable.

 
  Number of Days Past Due
 
 
  Current
  1-30
  31-60
  61-90
  > 90
  Total
 
Accounts payable     5,583.54   566.16   92,775.17   133,280.60   232,205.47  
Wages payable                          
Taxes Payable                          
Rent/Lease-Equipment                          
Secured Debt/Adequate Protection Payments                          
Professional Fees                          
Amounts Due to Insiders*                          
Other: Vacation Accrual                       31,316.57  
Other: Post Petition Liabilities                       (164.01 )
Total Postpetition Debts                       263,358.03  

Explain how and when the Debtor intends to pay any past-due postpetition debts.




* "Insider" is defined in 11 U.S.C. Section 101 (31).


In re:   eToys Distribution LLC
  Case No.   01-00707 (MFW)

Accounts Payable Aging Report
As of July 31, 2001

 
  Current
  1-30
  31-60
  61-90
  > 90
  TOTAL
ADELPHIA   0.00   0.00   0.00   0.00   3.06   3.06
ASCOM HASLER LEASING   0.00   0.00   0.00   0.00   585.04   585.04
AT&T   0.00   15.07   0.00   0.00   0.00   15.07
BTI   0.00   0.00   0.00   0.00   4,076.97   4,076.97
CITY OF ONTARIO UTILITY DEPARTMENT   0.00   718.27   0.00   0.00   0.00   718.27
DOMINION VIRGINIA POWER   0.00   61.07   0.00   0.00   0.00   61.07
HIGHLAND PAGING, INC.   0.00   0.00   0.00   0.00   461.13   461.13
HOMESTEAD MATERIALS HANDLING   0.00   0.00   0.00   0.00   3,018.89   3,018.89
IBM CORPORATION   0.00   0.00   0.00   52,856.26   96,333.12   149,189.38
LEASING TECHNOLOGIES INT'L, INC.   0.00   0.00   0.00   39,190.00   0.00   39,190.00
NATIONWIDE GUARD SERVICES   0.00   2,352.00   0.00   0.00   0.00   2,352.00
PACIFIC BELL   0.00   0.00   300.66   82.31   0.00   382.97
RAYMOND LEASING CORPORTATION   0.00   0.00   0.00   0.00   27,958.79   27,958.79
RUSSELL A. FARROW LTD   0.00   0.00   265.50   0.00   0.00   265.50
VERIZON—PO BOX 17398   0.00   1,524.76   0.00   0.00   0.00   1,524.76
VERIZON—PO BOX 17577   0.00   442.70   0.00   0.00   0.00   442.70
VERIZON CALIFORNIA   0.00   469.67   0.00   0.00   0.00   469.67
XEROX CORPORATION   0.00   0.00   0.00   646.60   843.60   1,490.20
   
 
 
 
 
 
TOTAL   0.00   5,583.54   566.16   92,775.17   133,280.60   232,205.47
   
 
 
 
 
 

In re:   eToys Distribution LLC
  Case No.   01-00707 (MFW)
    Debtor       07/01/01-07/31/01

MOR-5
ACCOUNTS RECEIVABLE RECONCILIATION AND AGING

 
  Amount
Accounts Receivable Reconciliation      
Total Accounts Receivable at the beginning of the reporting period   $ 15,554.63
(+) Amounts billed during the period   $ 887,426.73
(-) Amounts collected during the period    
   
Total Accounts Receivable at the end of the reporting period   $ 902,981.36
   
 
  Amount
Accounts Receivable Aging      
0-30 days old   $ 887,426.73
31-60 days old   $ 4,635.04
61-90 days old    
91 + days old   $ 10,919.59
   
Total Accounts Receivable   $ 902,981.36
Amount considered uncollectible (Bad Debt)    
   
Accounts Receivable (Net)   $ 902,981.36
   

DEBTOR QUESTIONNAIRE

Must be completed each month

  YES
  NO
1.   Have any assets been sold or transferred outside the normal course of business this reporting period? If yes, Provide an explanation below.       X
2.   Have any funds been disbursed from any account other than a debtor in possession account this reporting period? If yes, provide an explanation below.       X
3.   Have all postpetition tax returns been timely filed? If no, provide an explanation below.   X    
4.   Are workers comensation, general liability and other necessary insurance coverages in effect? If no, provide an explanation below.   X    







UNITED STATES BANKRUPTCY COURT
DISTRICT OF DELAWARE

In re:   eKids, Inc.
  Case No.   01-00708 (MFW)
        Reporting Period:   07/01/01-07/31/01

MONTHLY OPERATING REPORT
File with Court and submit copy to United States Trustee within 20 days after end of month

    Submit copy of report to any official committee appointed in the case

Required Documents

  Form No.
  Document Attached
  Explanation Attached
Schedule of Cash Receipts and Disbursements   MOR-1   Not Applicable    
  Bank Reconciliation (or copies of debtor's bank reconciliations)   MOR-1 (CON'T)   Not Applicable    
  Copies of bank statements       Not Applicable    
  Cash disbursements journals       Not Applicable    
Statement of Operations   MOR-2   Not Applicable    
Balance Sheet   MOR-3   Not Applicable    
Status of Postpetition Taxes   MOR-4   Not Applicable    
  Copies of IRS Form 6123 or payment receipt       Not Applicable    
  Copies of tax returns filed during reporting period       Not Applicable    
Summary of Unpaid Postpetition Debts   MOR-4   Not Applicable    
  Listing of aged accounts payable       Not Applicable    
Accounts Receivable Reconciliation and Aging   MOR-5   Not Applicable    
Debtor Questionnaire   MOR-5   Not Applicable    

I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief.

/s/ Barry Gold CEO
Signature of Debtor
  8/20/01
Date


Signature of Joint Debtor

 


Date


Signature of Authorized Individual

 


Date


Printed Name of Authorized Individual

 


Title of Authorized Individual

*Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company.


eKids, Inc., debtor herein, is a holding company formed to hold certain intellectual property assets. As reflected on the Schedules of Assets and Liabilities filed with the Bankrutpcy Court, Debtor has no checking accounts, no accounts receivable and the intellectual property assets which were to be held by Debtor were never transferred to Debtor nor recorded on its books and records. The Debtor is a non-operating entity, and therefore, all documents required by the Office of the united States Trustee for its Monthly Operating Report are not applicable and have been marked accordingly.


In re:   eKids, Inc.
  Case No.   01-00708 (MFW)
    Debtor   Reporting Period:   07/01/01-07/31/01


MOR-1
SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

    Amounts reported should be per the debtor's books, not the bank statement. The beginning cash should be the ending cash from the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the "CURRENT MONTH—ACTUAL" column must equal the sum of the four bank account columns. The amounts reported in the "PROJECTED" columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM-IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements listed in the disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for the cash account.

 
 
   
   
   
  Total
CASH BEGINNING OF MONTH NOT APPLICABLE               0.00

CASH SALES

 

 

 

 

 

 

 

 

0.00
ACCOUNTS RECEIVABLE                 0.00
LOANS AND ADVANCES                 0.00
SALE OF ASSETS                 0.00
DUE FROM LLC                 0.00
OTHER (attach list)                 0.00
TRANSFERS—SWEEP ACCOUNT                 0.00
TRANSFERS—UK                 0.00
TRANSFERS FROM PRE-PETITION                 0.00
TRANSFERS FROM eTOYS INC DIP                 0.00
INTEREST                 0.00
TOTAL RECEIPTS                 0.00

DISBURSEMENTS

 

 

 

 

 

 

 

 

 
NET PAYROLL                 0.00
PAYROLL TAXES                 0.00
SALES,USE,& OTHER TAXES                 0.00
INVENTORY PURCHASES                 0.00
SECURED/RENT/LEASES                 0.00
INSURANCE                 0.00
ADMINISTRATIVE                 0.00
SELLING                 0.00
OTHER (attach list)                 0.00
PRE-PETITION EXPENSES                 0.00
OWNER DRAW                 0.00
TRANSFERS                 0.00
  Transfer to eToys Inc. DIP                 0.00
  Transfer to PR                 0.00
  Transfer to CD                 0.00
  Due to LLC                 0.00
  Transfer to Pre-petition                 0.00
PROFESSIONAL FEES                 0.00
U.S. TRUSTEE QUARTERLY FEES                 0.00
COURT COSTS                 0.00
TOTAL DISBURSEMENTS                 0.00
NET CASH FLOW 0.00   0.00   0.00       0.00
CASH END OF MONTH     0.00   0.00       0.00

    THE FOLLOWING SECTION MUST BE COMPLETED

TOTAL DISBURSEMENTS     0.00
LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS     0.00
PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES   $  
TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES     0.00

In re:   eKids, Inc.
  Case No.   01-00708 (MFW)
    Debtor   Reporting Period:   07/01/01-07/31/01

BANK RECONCILIATIONS
Continuation Sheet for MOR-1

    A bank reconciliation must be included for each bank account. The debtor's bank reconciliation may be substituted for this page

    NOT APPLICABLE                                
BALANCE PER BOOKS                                        
BANK BALANCE                                        
(+) DEPOSITS IN TRANSIT (attach list)                                        
(-) OUTSTANDING CHECKS (attach list)                                        
OTHER (attach list)                                        
ADJUSTED BANK BALANCE                                        

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
* Adjusted bank balance must equal balance per books                                        

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
DEPOSITS IN TRANSIT   Date
  Amount
  Date
  Amount
  Date
  Amount
  Date
  Amount
       
    None   None                        

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
CHECKS OUTSTANDING   Ck#
  Amount
  Ck#
  Amount
  Ck#
  Amount
  Ck#
  Amount
       

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Total Outstanding Checks   $—                                    

OTHER







In re:   eKids, Inc.
  Case No.   01-00708 (MFW)
    Debtor   Reporting Period:   07/01/01-07/31/01


MOR-2
STATEMENT OF OPERATIONS
(Income Statement)

NOT APPLICABLE

    The Statement of Operations is to be prepared on an accrual basis. The accrual basis of accounting recognizes revenue when it is realized and expenses when they are incurred, regardless of when cash is actually received or paid

 
  MONTH
  FILING TO DATE
REVENUES            
Gross Revenues   $     $  
Less: Returns and Allowances            
Net Revenue   $     $  
COST OF GOODS SOLD            
Beginning Inventory            
Add: Purchases            
Add: Cost of Labor            
Add: Other Costs (attach schedule)            
Less: Ending Inventory            
Cost of Goods Sold            
Gross Profit            
OPERATING EXPENSE            
Advertising            
Auto and Truck Expense            
Bad Debts            
Contributions            
Employee Benefits Programs            
Insider Compensation [as defined in 11 U.S.C. Section 101(31)]            
Insurance            
Management Fees/Bonuses            
Office Expense            
Pension & Profit-Sharing Plans            
Repairs and Maintenance            
Rent and Lease Expense            
Salaries/Commissions/Fees            
Supplies            
Taxes—payroll            
Taxes—Other            
Travel and Entertainment            
Utilities            
Other (attach schedule)            
Total Operating Expense Before Depreciation            
Depreciation/Depletion/Amortization            
Net Profit (Loss) Before Other Income & Expenses            
OTHER INCOME AND EXPENSES            
Other Income (attach schedule)            
Interest Expense            
Other Expense (attach schedule)            
Net Profit (Loss) before Reorganization Items            

Professional Fees

 

 

 

 

 

 
U.S. Trustee Quarterly Fees            
Interest Earned on Accumulated Cash from Chapter 11 (see cont. sheet)            
Gain (Loss) from Sale of Equipment            
Other Reorganization Expenses (attach schedule)            
Total Reorganization Expenses            
Income Taxes            
Net Profit (Loss)   $     $  

In re:   eKids, Inc.
  Case No.   01-00708 (MFW)
    Debtor   Reporting Period:   07/01/01-07/31/01


MOR-2 continued
STATEMENT OF OPERATIONS
(Income Statement)

NOT APPLICABLE

 
  MONTH
  FILING TO DATE
BREAKDOWN OF OTHER CATEGORY   July 31, 2001    
OTHER COSTS        
          
          
          
          
          
          
OTHER OPERATIONAL EXPENSES        
          
          
          
          
          
          
OTHER INCOME        
          
          
          
          
          
          
OTHER EXPENSES        
          
          
          
          
          
          
OTHER REORGANIZATION EXPENSES        
          
          
          
          
          
          

Reorganization Items—interest Earned on Accumulated Cash From Chapter 11

Interest earned on cash accumulated during the chapter 11 case, which would not have been earned bur for the Bankruptcy proceeding, should be reported as a reorganization item.


In re:   eKids, Inc.
  Case No.   01-00708 (MFW)
    Debtor   Reporting Period:   07/01/01-07/31/01


MOR-3
BALANCE SHEET


NOT APPLICABLE

 
  Month
  Month
ASSETS        
    July 31, 2001    
Cash (Unrestricted)   NOT APPLICABLE    
Cash (restricted)        
Accounts Receivable (net)        
Inventory        
Notes Receivable        
Prepaid Expenses        
Other (Attach List)        
Total Current Assets        

Real Property & Improvements

 

 

 

 
Machinery & Equipment        
Furniture, Fixtures & Office Equipment        
Vehicles        
Leasehold Improvements        
Less: Accumulated Deprec/Depletion        
Total Property, Plant & Equipment        

Liabilities not subject to compromise (Postpetition Liabilities)

 

 

 

 
Accounts payable 1        
Taxes Payable        
Notes payable        
Professional Fees        
Secured Debt        
Due to Affiliates & Insiders        
Other (Attach List)        
Total postpetition Liabilities        

Liabilities subject to compromise (Postpetition Liabilities)

 

 

 

 
Secured Debt—Per Plan        
Priority Debt—Per Plan        
Unsecured Debt—Per Plan        
Other (Attach List)—Per Plan        
Total Prepetition Liabilities        
Total Liabilities        

Equity

 

 

 

 
Common Stock        
Retained Earnings (Deficit)        
Total Equity (Deficit)        
Total Liabilities & Owner's Equity        

In re:   eKids, Inc.
  Case No.   01-00708 (MFW)
    Debtor   Reporting Period:   07/01/01-07/31/01


MOR-3 continued
BALANCE SHEET


NOT APPLICABLE

Assets

  Book Value at End of
Current Reporting Month

  Book Value on
Petition Date

Other Current Assets        
     NOT APPLICABLE    
          
          
Other Assets        
          
          
Liabilities and Downer Equity

  Book Value at End of
Current Reporting Month

  Book Value on
Petition Date

          
          
Adjustments to Owner Equity        
          
          
          
          
          
          
Postpetitions Contributions Distributions (Draws)        
          
          
          
          
          
          

Restricted cash: cash that is restricted for a specific use and not available to fund operations. Typically, restricted cash is segregated into a separate account, such as an escrow account.


In re:   eKids, Inc.
  Case No.   01-00708 (MFW)
    Debtor   Reporting Period:   07/01/01-07/31/01


MOR-4
STATUS OF POSTPETITION TAXES

    The beginning tax liability should be the ending liability from the prior month or, if this is the first report, the amount should be zero. Attach photocopies of IRS Form 6123 or payment receipt to verify payment or deposit of federal payroll taxes. Attach photocopies of any tax returns filed during the reporting period.

 
  Beginning
tax
Liability

  Amount
withheld or
Actual

  Amount
Paid

  Date
paid

  Check
No.

  Ending
Tax
Liability

FEDERAL                        
Withholding   NOT APPLICABLE            
FICA-Employee                        
FICA-Employer                        
Unemployment                        
Income                        
Other:                        
  Total Federal Taxes                        
STATE AND LOCAL                        
Withholding                        
Sales                        
Excise                        
Unemployment                        
Real Property                        
Personal Property                        
Other:                        
  Total State and Local                        
Total taxes                        


SUMMARY OF UNPAID POSTPETITION DEBTS

    Attach aged listing of accounts payable.

 
  Number of Days Past Due
 
  Current
  1-30
  31-60
  61-90
  over 90
  Total
Accounts payable   NOT APPLICABLE            
Wages payable                        
Taxes Payable                        
Rent/Lease-Equipment                        
Secured Debt/Adequate Protection Pymnts                        
Professional Fees                        
Amounts Due to Insiders*                        
Other: Deposit Liabilities                        
Other:                        
Other: Vacation Accrual                        
Total Postpetition Debts                        

Explain how and when the Debtor intends to pay any past-due postpetition debts.















*
"Insider" is defined in 11 U.S.C. Section 101 (31).

In re:   eKids, Inc.
  Case No.   01-00708 (MFW)
    Debtor   Reporting Period:   07/01/01-07/31/01


MOR-5
ACCOUNTS RECEIVABLE RECONCILIATION AND AGING
(NOT APPLICABLE)

 
  Prior Periods
  Current Period
  Cumulative
             
Accounts Receivable Reconciliation            
Total Accounts Receivable at the beginning of the reporting period            
(+) Amounts billed during the period            
(-) Amounts collected during the period            
Total Accounts Receivable at the end of the reporting period            
Accounts Receivable Aging            
0-30 days old            
31-60 days old            
61-90 days old            
91 + days old            
Total Accounts Receivable            
Amount considered uncollectible (Bad Debt)            
Accounts Receivable (Net)            

DEBTOR QUESTIONNAIRE (Not Applicable)

Must be completed each month

  Yes
  No
   
1. Have any assets been sold or transferred outside the normal course of business this reporting period? If yes, Provide an explanation below.            
2. Have any funds been disbursed from any account other than a debtor in possession account this reporting period? If yes, provide an explanation below.            
3. Have all postpetition tax returns been timely filed? If no, provide an explanation below.            
4. Are workers compensation, general liability and other necessary insurance coverages in effect? If no, provide an explanation below.            







UNITED STATES BANKRUPTCY COURT
DISTRICT OF DELAWARE

In re:   PMJ Corporation
  Case No.   01-00709 (MFW)
        Reporting Period:   07/01/01-07/31/01

MONTHLY OPERATING REPORT
File with Court and submit copy to United States Trustee within 20 days after end of month

    Submit copy of report to any official committee appointed in the case

Required Documents

  Form No.
  Document Attached
  Explanation Attached
Schedule of Cash Receipts and Disbursements   MOR-1   Not Applicable    
  Bank Reconciliation (or copies of debtor's bank reconciliations)   MOR-1 (CON'T)   Not Applicable    
  Copies of bank statements       Not Applicable    
  Cash disbursements journals       Not Applicable    
Statement of Operations   MOR-2   Not Applicable    
Balance Sheet   MOR-3   Not Applicable    
Status of Postpetition Taxes   MOR-4   Not Applicable    
  Copies of IRS Form 6123 or payment receipt       Not Applicable    
  Copies of tax returns filed during reporting period       Not Applicable    
Summary of Unpaid Postpetition Debts   MOR-4   Not Applicable    
  Listing of aged accounts payable       Not Applicable    
Accounts Receivable Reconciliation and Aging   MOR-5   Not Applicable    
Debtor Questionnaire   MOR-5   Not Applicable    

I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief.

/s/ Barry Gold CEO
Signature of Debtor
  8/20/01
Date


Signature of Joint Debtor

 


Date


Signature of Authorized Individual

 


Date


Printed Name of Authorized Individual

 


Title of Authorized Individual

*Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company.


PMJ Corporation, debtor herein, is a holding company formed to hold certain intellectual property assets. As reflected on the Schedule of Assets and Liabilities filed with the Bankruptcy Court, Debtor has no checking accounts, no accounts receivable and the intellectual property assets which were to be held by Debtor were never transferred to Debtor nor recorded on its books and records. The Debtor is a non-operating entity, and therefore, all documents required by the Office of the united States Trustee for its Monthly Operating Report are not applicable and have been marked accordingly.


In re:   PMJ Corporation
  Case No.   01-00709 (MFW)
    Debtor   Reporting Period:   07/01/01-07/31/01

MOR-1
SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

    Amounts reported should be per the debtor's books, not the bank statement. The beginning cash should be the ending cash from the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the "CURRENT MONTH-ACTUAL" column must equal the sum of the four bank account columns. The amounts reported in the "PROJECTED" columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM-IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements listed in the disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for the cash account.

 
   
   
   
   
  Total
                     
CASH BEGINNING OF MONTH   NOT APPLICABLE               0.00

CASH SALES

 

 

 

 

 

 

 

 

 

0.00
ACCOUNTS RECEIVABLE                   0.00
LOANS AND ADVANCES                   0.00
SALE OF ASSETS                   0.00
DUE FROM LLC                   0.00
OTHER (attach list)                   0.00
TRANSFERS—SWEEP ACCOUNT                   0.00
TRANSFERS—UK                   0.00
TRANSFERS FROM PRE-PETITION                   0.00
TRANSFERS FROM eTOYS INC DIP                   0.00
INTEREST                   0.00
TOTAL RECEIPTS                   0.00

DISBURSEMENTS

 

 

 

 

 

 

 

 

 

 
NET PAYROLL                   0.00
PAYROLL TAXES                   0.00
SALES,USE,& OTHER TAXES                   0.00
INVENTORY PURCHASES                   0.00
SECURED/RENT/LEASES                   0.00
INSURANCE                   0.00
ADMINISTRATIVE                   0.00
SELLING                   0.00
OTHER (attach list)                   0.00
PRE-PETITION EXPENSES                   0.00
OWNER DRAW                   0.00
TRANSFERS                   0.00
  Transfer to eToys Inc. DIP                   0.00
  Transfer to PR                   0.00
  Transfer to CD                   0.00
  Due to LLC                   0.00
  Transfer to Pre-petition                   0.00
PROFESSIONAL FEES                   0.00
U.S. TRUSTEE QUARTERLY FEES                   0.00
COURT COSTS                   0.00
TOTAL DISBURSEMENTS                   0.00
NET CASH FLOW   0.00   0.00   0.00       0.00
CASH END OF MONTH       0.00   0.00       0.00

    THE FOLLOWING SECTION MUST BE COMPLETED

TOTAL DISBURSEMENTS     0.00
LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS     0.00
PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES   $  
TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES     0.00

In re:   PMJ Corporation
  Case No.   01-00709 (MFW)
    Debtor   Reporting Period:   07/01/01-07/31/01


BANK RECONCILIATIONS

Continuation Sheet for MOR-1

    A bank reconciliation must be included for each bank account. The debtor's bank reconciliation may be substituted for this page

    NOT APPLICABLE                                
BALANCE PER BOOKS                                        
BANK BALANCE                                        
(+) DEPOSITS IN TRANSIT (attach list)                                        
(-) OUTSTANDING CHECKS (attach list)                                        
OTHER (attach list)                                        
ADJUSTED BANK BALANCE                                        

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
* Adjusted bank balance must equal balance per books                                        

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
DEPOSITS IN TRANSIT   Date
  Amount
  Date
  Amount
  Date
  Amount
  Date
  Amount
       

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
CHECKS OUTSTANDING   Ck#
  Amount
  Ck#
  Amount
  Ck#
  Amount
  Ck#
  Amount
       

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Total Outstanding Checks   $—                                    

OTHER







In re:   PMJ Corporation
  Case No.   01-00709 (MFW)
    Debtor   Reporting Period:   07/01/01-07/31/01
        NOT APPLICABLE    

MOR-2
STATEMENT OF OPERATIONS
(Income Statement)

    NOT APPLICABLE

    The Statement of Operations is to be prepared on an accrual basis. The accrual basis of accounting recognizes revenue when it is realized and expenses when they are incurred, regardless of when cash is actually received or paid

 
  MONTH

  FILING TO DATE

REVENUES            
Gross Revenues   $     $  
Less: Returns and Allowances            
Net Revenue   $     $  
COST OF GOODS SOLD            
Beginning Inventory            
Add: Purchases            
Add: Cost of Labor            
Add: Other Costs (attach schedule)            
Less: Ending Inventory            
Cost of Goods Sold            
Gross Profit            
OPERATING EXPENSE            
Advertising            
Auto and Truck Expense            
Bad Debts            
Contributions            
Employee Benefits Programs            
Insider Compensation [as defined in 11 U.S.C. Section 101(31)]            
Insurance            
Management Fees/Bonuses            
Office Expense            
Pension & Profit-Sharing Plans            
Repairs and Maintenance            
Rent and Lease Expense            
Salaries/Commissions/Fees            
Supplies            
Taxes—payroll            
Taxes—Other            
Travel and Entertainment            
Utilities            
Other (attach schedule)            
Total Operating Expense Before Depreciation            
Depreciation/Depletion/Amortization            
Net Profit (Loss) Before Other Income & Expenses            
OTHER INCOME AND EXPENSES            
Other Income (attach schedule)            
Interest Expense            
Other Expense (attach schedule)            
Net Profit (Loss) before Reorganization Items            
Professional Fees            
U.S. Trustee Quarterly Fees            

Interest Earned on Accumulated Cash from Chapter 11 (see cont. sheet)            
Gain (Loss) from Sale of Equipment            
Other Reorganization Expenses (attach schedule)            
Total Reorganization Expenses            
Income Taxes            
Net Profit (Loss)   $     $  

In re:   PMJ Corporation
  Case No.   01-00709 (MFW)
    Debtor   Reporting Period:   07/01/01-07/31/01
        NOT APPLICABLE
 
  MONTH

  FILING TO DATE

BREAKDOWN OF OTHER CATEGORY   July 31, 2001    
OTHER COSTS        
         
         
         
         
         
OTHER OPERATIONAL EXPENSES        
         
         
         
         
OTHER INCOME        
         
         
         
         
OTHER EXPENSES        
         
         
         
         
OTHER REORGANIZATION EXPENSES        
         
         
         
         

Reorganization Items—Interest Earned on Accumulated Cash From Chapter 11

Interest earned on cash accumulated during the chapter 11 case, which would not have been earned bur for the Bankruptcy proceeding, should be reported as a reorganization item.


In re:   PMJ Corporation
  Case No.   01-00709 (MFW)
    Debtor   Reporting Period:   07/01/01-07/31/01

MOR-3
BALANCE SHEET
NOT APPLICABLE

 
  MONTH
  FILING TO DATE
ASSETS        
    July 31, 2001    
Cash (Unrestricted)   NOT APPLICABLE    
Cash (restricted)        
Accounts Receivable (net)        
Inventory        
Notes Receivable        
Prepaid Expenses        
Other (Attach List)        
Total Current Assets        

Real Property & Improvements

 

 

 

 
Machinery & Equipment        
Furniture, Fixtures & Office Equipment        
Vehicles        
Leasehold Improvements        
Less: Accumulated Deprec/Depletion        
Total Property, Plant & Equipment        
Liabilities not subject to compromise (Postpetition Liabilities)        
Accounts payable        
Taxes Payable        
Notes payable        
Professional Fees        
Secured Debt        
Due to Affiliates & Insiders        
Other (Attach List)        
Total postpetition Liabilities        
Liabilities subject to compromise (Postpetition Liabilities)        
Secured Debt—Per Plan        
Priority Debt—Per Plan        
Unsecured Debt—Per Plan        
Other (Attach List)—Per Plan        
Total Prepetition Liabilities        
Total Liabilities        
Equity        
Common Stock        
Retained Earnings (Deficit)        
Total Equity (Deficit)        
Total Liabilities & Owner's Equity        

In re:   PMJ Corporation
  Case No.   01-00709 (MFW)
    Debtor   Reporting Period:   07/01/01-07/31/01
    NOT APPLICABLE        
Assets

  Book Value at End of
Current Reporting Month

  Book Value on
Petition Date

Other Current Assets        
    NOT APPLICABLE    
          
          
          
          
          
Other Assets        
          
          
          
          
          

Liabilities and Downer Equity


 

Book Value at End of
Current Reporting Month


 

Book Value on
Petition Date

          
Adjustments to Owner Equity        
          
          
          
          
          
Postpetitions Contributions Distributions (Draws)        
          
          
          
          
          

Restricted cash: cash that is restricted for a specific use and not available to fund operations. Typically, restricted cash is segregated into a separate account, such as an escrow account.


In re:   PMJ Corporation
  Case No.   01-00709 (MFW)
    Debtor   Reporting Period:   07/01/01-07/31/01

MOR-4
STATUS OF POSTPETITION TAXES

    The beginning tax liability should be the ending liability from the prior month or, if this is the first report, the amount should be zero. Attach photocopies of IRS Form 6123 or payment receipt to verify payment or deposit of federal payroll taxes. Attach photocopies of any tax returns filed during the reporting period.

 
  Beginning
tax
Liability

  Amount
withheld or
Actual

  Amount
Paid

  Date
paid

  Check No.
  Ending
Tax
Liability

FEDERAL                        
Withholding   NOT APPLICABLE            
FICA-Employee                        
FICA-Employer                        
Unemployment                        
Income                        
Other:                        
  Total Federal Taxes                        
STATE AND LOCAL                        
Withholding                        
Sales                        
Excise                        
Unemployment                        
Real Property                        
Personal Property                        
Other: