Monthly Operating Reports

EX-99.1 2 dex991.htm MONTHLY OPERATING REPORTS Monthly Operating Reports

Exhibit 99.1

UNITED STATES BANKRUPTCY COURT

DISTRICT OF NEW HAMPSHIRE


In re	Robotic Vision Systems, Inc.	Case No.	04-14151-JMD
		Reporting Period	Mar. 31, 2005

MONTHLY OPERATING REPORT

Complete and submit to the United States Trustee within 15 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
Monthly Reporting Questionnaire	MOR-1	X

Schedule of Cash Receipts and Disbursements	MOR-2	X

Copies of Debtor’s Bank Reconciliations		X

Copies of Debtor’s Bank Statements		X

Copies of Cash Disbursements Journals		X

Statement of Operations	MOR-3	X

Balance Sheet	MOR-4	X

Schedule of Post-Petition Liabilities	MOR-5	X

Copies of IRS Form 6123 or payment receipt		N/A

Copies of tax returns filed during reporting period		N/A

Detailed listing of aged accounts payables		X

Accounts Receivable Reconciliation and Aging	MOR-6	X

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




Signature of Debtor				Date




Signature of Joint Debtor				Date



/s/ FREDERICK VANALSTYNE				May 13, 2005
Signature of Authorized Individual*				Date



Frederick Van Alstyne				CFO
Printed Name of Authorized Individual				Title of Authorized Individual

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

COVER PAGE

9/04


Robotic Vision Systems, Inc.	Case No.	04-14151-JMD
Debtor	Reporting Period	Mar. 31, 2005

MONTHLY REPORTING 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 any payments been made on pre-petition debt, other than payments in the normal course to secured creditors or lessors? If yes, attach listing including date of payment, amount of payment, and name of payee. (See below)	X

4. Have any payments been made to professionals? If yes, attach listing including date of payment, amount of payment, and name of payee. (See listing below.)	X

5. If the answer to question 3 and/or 4 is yes, were all such payments approved by the Court?	X

6. Have any payments been made to officers, insiders, shareholders, or relatives? If yes, attach listing including date of payment, amount and reason for payment, and name of payee.		X

7. Have all postpetition tax returns been timely filed? If no, provide an explanation below.	N/A

8. Is the estate current on the payment of post-petition taxes?	X

9. Is the estate insured for the replacement cost of assets and for general liability? If no, provide an explanation below.	X

10. Is workers’ compensation insurance in effect?	X

11. Have all current insurance payments been made? Attach copies of all new and renewed insurance policies.	X

12. Are a plan and disclosure statement on file?		X

13. Was there any post-petition borrowing during this reporting period?		X

*	Sale of the SEG division and Vanguard

Payments to Professionals and expenses:

3/3/05 - Jeff Lucas - $15,772

3/14/05 - Jeff Lucas - $15,000

3/14/05 - Marotta Gund Budd & Dzera, LLC - $93,548 Previous month charges

3/16/05 - Marotta Gund Budd & Dzera, LLC - $200,000

Pre-Petition payments:

Earned time - 60,300 Paid 3/3- 3/10- 3/17-3/24-3/31/05

Sick - 2,447 3/10 -3/24

MOR-1

9/04


Robotic Vision Systems, Inc.	Case No.	04-14151-JMD
Debtor	Reporting Period	Mar. 31, 2005

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. 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 each account.


	BANK ACCOUNTS
(IN THOUSANDS)	Operational		Payroll	Tax	Other	Total
CASH BEGINNING OF MONTH	978					978
RECEIPTS
CASH SALES	—					—
ACCOUNTS RECEIVABLE	1,897					1,897
LOANS AND ADVANCES	—					—
SALE OF ASSETS*	950					950
OTHER (ATTACH LIST)	72					72
TRANSFERS (FROM DIP ACCTS)	—					—

TOTAL RECEIPTS	2,919					2,919

DISBURSEMENTS
NET PAYROLL	784					784
PAYROLL TAXES	468					468
SALES, USE & OTHER TAXES						—
INVENTORY PURCHASES	569					569
SECURED/RENTAL/LEASES	268					268
INSURANCE	114					114
ADMINISTRATIVE	232					232
SELLING	—					—
OTHER (ATTACH LIST) - see below	198					198

OWNER DRAW *	—					—
TRANSFERS (TO DIP ACCTS)	—					—

PROFESSIONAL FEES	324					324
U.S. TRUSTEE QUARTERLY FEES	—					—
COURT COSTS	—					—

TOTAL DISBURSEMENTS	2,957					2,957

NET CASH FLOW (RECEIPTS LESS DISBURSEMENTS)	(38	)				(38	)
CASH - END OF MONTH	940					940

*	COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED


DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES:
TOTAL DISBURSEMENTS
LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS
PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. from escrow accounts)
TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES		—


Other Receipts
Gennatt Insurance refund		60
Cobra		7
CA Tax Refund		1
Red Sox Refund		4
Total		72
* Sale of Vanguard		950
Other Disbursements:
Funding Foreign ans Subs Operations		92
401K		106
Total		198

MOR-2

9/04


Robotic Vision Systems, Inc.	Case No.	04-14151-JMD
Debtor	Reporting Period	Mar. 31, 2005

STATEMENT OF OPERATIONS (IN THOUSANDS)

(Income Statement)

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.


REVENUES	Month		Cumulative Filing to Date
Gross Revenues	2,579		10,721
Less: Returns and Allowances	—		—
Net Revenue	2,579		10,721
COST OF GOODS SOLD
Beginning Inventory	9,102		10,758
Add: Purchases	698		3,188
Add: Cost of Labor	94		362
Add: Other Costs (attach schedule)	396		1,156
Less: Ending Inventory	9,150		9,150
Cost of Goods Sold	1,140		6,314
Gross Profit	1,439		4,407
OPERATING EXPENSES
Sales and Marketing Support	34		214
Auto and Truck Expense			3
Bad Debts			46
Contributions	—		—
Employee Benefits Programs	61		492
Insider Compensation*	—		—
Insurance	(14	)	260
Management Fees/Bonuses	—		—
Office Expense			17
Pension & Profit-Sharing Plans	—		—
Repairs and Maintenance	6		15
Rent and Lease Expense	122		650
Salaries/Commissions/Fees	946		4,326
Supplies	6		33
Taxes - Payroll	7		58
Taxes - Real Estate	—		—
Taxes - Other	—		185
Travel and Entertainment	66		289
Utilities	38		175
Other (attach schedule)	516		1,110
Total Operating Expenses Before Depreciation	1,788		7,873
Depreciation/Depletion/Amortization	154		545
Net Profit(Loss) Before Other Income & Expenses	(503	)	(4,011	)
OTHER INCOME AND EXPENSES
Other Income (attach schedule)			(85	)
Interest Expense	545		2,469
Other Expense (attach schedule)	—		—
Net Profit (Loss) Before Reorganization Items	(1,048	)	(6,565	)
REORGANIZATION ITEMS
Professional Fees	783		2,964
U.S. Trustee Quarterly Fees	—		—
Interest Earned on Accumulated Cash from Chapter 11 (see continuation sheet)	—		—
(Gain) Loss from Sale of Equipment	12,774		12,774
Other Reorganization Expenses (attach schedule)	—		—
Total Reorganization Expenses	13,557		15,738
Income Taxes	—		—
Net Profit(Loss)	(14,605	)	(22,303	)

* “Insider” is defined in 11 U.S.C. Section 101(31).			MOR-3
			9/04


Robotic Vision Systems, Inc.	Case No.	04-14151-JMD
Debtor	Reporting Period	Mar. 31, 2005

STATEMENT OF OPERATIONS (IN THOUSANDS) - continuation sheet


BREAKDOWN OF “OTHER” CATEGORY	Month	Cumulative Filing to Date
Other Costs
Overhead portion of cost of sales	396	1,156
Other Operational Expenses
cap software adds-reduction to R&D expense	63	150
various	10	(7	)
Audit accrual	325	379
Bank Charges	48	346
Director Fees		6
Stock Admin Fees		6
Legal Expenses	31	68
Public Reporting	9	18
Relocation	2	2
Freight	5	23
Consulting accrual	23	119
Total	516	1,110
Other Income
Royalty Payment		(85	)
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 but for the bankruptcy proceeding, should be reported as a reorganization item.


		MOR-3
		9/04


Robotic Vision Systems, Inc.	Case No.	04-14151-JMD
Debtor	Reporting Period	Mar. 31, 2005

BALANCE SHEET (IN THOUSANDS)

The Balance Sheet is to be completed on an accrual basis only. Pre-petition liabilities must be classified separately from postpetition obligations.


ASSETS	BOOK VALUE AT END OF CURRENT REPORTING MONTH		BOOK VALUE ON PETITION DATE
CURRENT ASSETS
Unrestricted Cash and Equivalents	940		166
Restricted Cash and Cash Equivalents	—		—
Accounts Receivable (Net)	3,060		10,056
Notes Receivable	—		—
Inventories	2,724		10,758
Prepaid Expenses	409		1,115
Professional Retainers	—		—
Other Current Assets (attach schedule)	—		—
TOTAL CURRENT ASSETS	7,133		22,095
PROPERTY AND EQUIPMENT
Real Property and Improvements	—		—
Machinery and Equipment	984		5,853
Furniture, Fixtures and Office Equipment	1,868		6,236
Leasehold Improvements	857		2,621
Vehicles	—		—
Less Accumulated Depreciation	(3,461	)	(11,879	)
TOTAL PROPERTY & EQUIPMENT	248		2,831
OTHER ASSETS
Loans to Insiders	—		—
Other Assets (attach schedule)	22,793		26,345
TOTAL OTHER ASSETS	22,793		26,345
TOTAL ASSETS	30,174		51,271


LIABILITIES AND OWNER EQUITY	BOOK VALUE AT END OF CURRENT REPORTING MONTH		BOOK VALUE ON PETITION DATE
LIABILITIES NOT SUBJECT TO COMPROMISE (Post-Petition)
Accounts Payable	716		—
Taxes Payable (refer to …)	—		—
Wages Payable	704		—
Notes Payable	—		—
Rent / Leases - Building/Equipment	—		—
Secured Debt / Adequate Protection Payments	—		—
Professional Fees	—		—
Amounts Due to Insiders	—		—
Other Postpetition Liabilities (attach schedule)	24		—
TOTAL POST-PETITION LIABILITIES	1,444		—
*LIABILITIES SUBJECT TO COMPROMISE (Pre-Petition)*
Secured Debt	17,383		15,883
Priority Debt	—		—
Unsecured Debt Including intercompany	11,591		13,301
Unsecured Debt Payable to subsidiaries	8,147		8,147
Subsidiaries Investment	16,699		16,699
TOTAL PRE-PETITION LIABILITIES	53,820		54,030
TOTAL LIABILITIES	55,264		54,030
OWNER EQUITY
Capital Stock	214		214
Additional Paid-In Capital	317,122		317,116
Partners’ Capital Account	—		—
Owner’s Equity Account	—		—
Retained Earnings - Pre-Petition	(318,775	)	(318,775	)
Retained Earnings - Postpetition	(22,303	)	—
Adjustments to Owner Equity (attach schedule)	(1,348	)	(1,314	)
Post-Petition Contributions (Distributions) (Draws)	—		—
Net Owner Equity	(25,090	)	(2,759	)
TOTAL LIABILITIES AND OWNERS’ EQUITY	30,174		51,271

Insider is defined in 11 U.S.C. Section 101(31)	—		MOR-4
			9/04

Please Note that the Decrease in AR, Inventory, Prepaids, Fixed Assets and other assets is due to the sale of SEG Also the unsecured Debt dropped because of the Sale of SEG and them assuming some cure liability


Robotic Vision Systems, Inc.	Case No.	04-14151-JMD
Debtor	Reporting Period	Mar. 31, 2005

BALANCE SHEET (IN THOUSANDS) - continuation sheet


ASSETS	BOOK VALUE AT END OF CURRENT REPORTING MONTH		BOOK VALUE ON PETITION DATE
Other Current Assets
Other Assets
Capitalized software	2,165		3,684
Patents	128		202
Deposits	—		153
Employee Loans			2
Other Non Current Assets	620		620
Loan refinance closing cost	3,596		5,313
Goodwill	990		990
Investment in subsidiaries	15,294		15,381
Total	22,793		26,345

LIABILITIES AND OWNER EQUITY	BOOK VALUE AT END OF CURRENT REPORTING MONTH		BOOK VALUE ON PETITION DATE
Other Postpetition Liabilities
Received not invoiced	24
Accrued Warranty
Accrued Royalty
Accrued Sales Return
Customer Advances
Other AP
Other Accrued Liability
Other - Fringe benefit
Deferred Gross Profit
Total	24
Adjustments to Owner Equity
Minimum pension obligation	(583	)	(583	)
Cumulative Translation Adjustment	(765	)	(731	)
Total	(1,348	)	(1,314	)


Postpetition Contributions (Distributions) (Draws)
Restricted Cash: cash that is restricted for a specific use and not available to fund operations.		MOR-4
Typically, restricted cash is segregated into a separate account, such as an escrow account.		9/04


Robotic Vision Systems, Inc.	Case No.	04-14151-JMD
Debtor	Reporting Period	Mar. 31, 2005

STATUS OF POST-PETITION 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 and all applicable state and local forms and/or all federal, state, and local payment receipts to verify payment of taxes. Attach photocopies of any tax returns filed during the reporting period.


	Beginning Tax Liability	Amount Withheld or Accrued	Amount Paid	Date Paid	Check No. or EFT	Ending Tax Liability
Federal
Income Tax Withholding	—	15,604	15,604	3/31/05	Filed by ADP	—
FICA-Employee	—	10,255	10,255	3/31/05	Filed by ADP	—
FICA-Employer	—	10,255	10,255	3/31/05	Filed by ADP	—
Unemployment	—	47	47	3/31/05	Filed by ADP	—
Income	—	—	—			—
Other:	—	—	—			—
Total Federal Taxes	—	36,162	36,162			—
State and Local
Income Tax Withholding	—	2,745	2,745	3/31/05	Filed by ADP	—
Sales	—	—	—			—
Excise	—	—	—			—
Unemployment	—	1,149	1,149	3/31/05	Filed by ADP	—
Real Property	—	—	—			—
Personal Property	—	—	—			—
Other:	—	—	—			—
Total State and Local	—	3,895	3,895			—
Withholding for Employee Healthcare	—	—	—			—
Premiums, Pensions & Other Benefits	—	12,770	12,770	3/31/05		—
Total Taxes	—	16,665	16,665			—
SUMMARY OF UNPAID POST-PETITION DEBTS (IN THOUSANDS) Attach aged listing of accounts payables
	Number of Days Past Due
	Current	0-30	31-60	61-90	Over 90	Total
Accounts Payable	346	88	159	19	103	716
Wages Payable	704	—	—	—	—	704
Taxes Payable	—	—	—	—	—	—
Rent/Leases-Building	—	—	—	—	—	—
Rent/Leases-Equipment	—	—	—	—	—	—
Secured Debt/Adequate Protection Payments	—	—	—	—	—	—
Professional Fees	—	—	—	—	—	—
Amounts Due to Insiders*	—	—	—	—	—	—
Other:	—	—	—	—	—	—
Other:	—	—	—	—	—	—
Total Postpetition Debts	1,050	88	159	19	103	1,419

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

We intend to pay past-due amounts within the next month out of operating cash.

________________________________________________________________________


* “Insider” is defined in 11 U.S.C. Section 101(31).		MOR-5
		9/04


Robotic Vision Systems, Inc.	Case No.	04-14151-JMD
Debtor	Reporting Period	Mar. 31, 2005

ACCOUNTS RECEIVABLE RECONCILIATION AND AGING (IN THOUSANDS)


ACCOUNTS RECEIVABLE RECONCILIATION	Amount
Total Accounts Receivable at the beginning of the reporting period	8,867
- SEG receivables sold or otherwise reserved	5,703
+ Amounts billed during the period*	2,123
- Amounts collected during the period**	1,901
Total Accounts Receivable at the end of the reporting period	3,386

Accounts Receivable Aging	Amount
Current	2,828
31 - 60 days old	282
61 - 90 days old	30
91+ days old	246
Total Accounts Receivable	3,386
Amount considered uncollectible (Bad Debt)	(326	)
Accounts Receivable (Net)	3,060


		MOR-6
* Include vendor activity		9/04
** Include intercompany non cash payments $140K

UNITED STATES BANKRUPTCY COURT

DISTRICT OF NEW HAMPSHIRE


In re	Auto Image ID, Inc.	Case No.	04-14152-JMD
		Reporting Period	Mar. 31, 2005

MONTHLY OPERATING REPORT

Complete and submit to the United States Trustee within 15 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
Monthly Reporting Questionnaire	MOR-1	X

Schedule of Cash Receipts and Disbursements	MOR-2	X

Copies of Debtor’s Bank Reconciliations		N/A

Copies of Debtor’s Bank Statements		N/A

Copies of Cash Disbursements Journals		N/A

Statement of Operations	MOR-3	X

Balance Sheet	MOR-4	X

Schedule of Post-Petition Liabilities	MOR-5	X

Copies of IRS Form 6123 or payment receipt		N/A

Copies of tax returns filed during reporting period		N/A

Detailed listing of aged accounts payables		N/A

Accounts Receivable Reconciliation and Aging	MOR-6	X

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




Signature of Debtor				Date


Signature of Joint Debtor				Date

/s/ FREDERICK VANALSTYNE				May 13, 2005
Signature of Authorized Individual*				Date

Frederick Van Alstyne				CFO
Printed Name of Authorized Individual				Title of Authorized Individual

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

COVER PAGE

9/04


Auto Image ID, Inc.	Case No.	04-14152-JMD
Debtor	Reporting Period	Mar. 31, 2005

MONTHLY REPORTING 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 any payments been made on pre-petition debt, other than payments in the normal course to secured creditors or lessors? If yes, attach listing including date of payment, amount of payment, and name of payee.		X

4. Have any payments been made to professionals? If yes, attach listing including date of payment, amount of payment, and name of payee.		X

5. If the answer to question 3 and/or 4 is yes, were all such payments approved by the Court?	N/A

6. Have any payments been made to officers, insiders, shareholders, or relatives? If yes, attach listing including date of payment, amount and reason for payment, and name of payee.		X

7. Have all postpetition tax returns been timely filed? If no, provide an explanation below.	N/A

8. Is the estate current on the payment of post-petition taxes?	X

9. Is the estate insured for the replacement cost of assets and for general liability? If no, provide an explanation below.	X

10. Is workers’ compensation insurance in effect?	N/A

11. Have all current insurance payments been made? Attach copies of all new and renewed insurance policies.	X

12. Are a plan and disclosure statement on file?		X

13. Was there any post-petition borrowing during this reporting period?		X

MOR-1

9/04


Auto Image ID, Inc.	Case No.	04-14152-JMD
Debtor	Reporting Period	Mar. 31, 2005

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

A bank reconciliation must be attached for each account.


	BANK ACCOUNTS
	Operational	Payroll	Tax	Other	Total
CASH BEGINNING OF MONTH	0				0
RECEIPTS
CASH SALES
ACCOUNTS RECEIVABLE
LOANS AND ADVANCES
SALE OF ASSETS
OTHER (ATTACH LIST)
TRANSFERS (FROM DIP ACCTS)
TOTAL RECEIPTS
DISBURSEMENTS
NET PAYROLL
PAYROLL TAXES
SALES, USE & OTHER TAXES
INVENTORY PURCHASES
SECURED/RENTAL/LEASES
INSURANCE
ADMINISTRATIVE
SELLING
OTHER (ATTACH LIST)
OWNER DRAW *
TRANSFERS (TO DIP ACCTS)
PROFESSIONAL FEES
U.S. TRUSTEE QUARTERLY FEES
COURT COSTS
TOTAL DISBURSEMENTS
NET CASH FLOW (RECEIPTS LESS DISBURSEMENTS)
CASH - END OF MONTH	0				0

*	COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED


DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES:
TOTAL DISBURSEMENTS		0
LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS		0
PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. from escrow accounts)		0
TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES		0

MOR-2

9/04


Auto Image ID, Inc.	Case No.	04-14152-JMD
Debtor	Reporting Period	Mar. 31, 2005

STATEMENT OF OPERATIONS (IN THOUSANDS)

(Income Statement)


REVENUES	Month		Cumulative Filing to Date
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 EXPENSES
Advertising
Auto and Truck Expense
Bad Debts
Contributions
Employee Benefits Programs
Insider Compensation*
Insurance
Management Fees/Bonuses
Office Expense
Pension & Profit-Sharing Plans
Repairs and Maintenance
Rent and Lease Expense
Salaries/Commissions/Fees
Supplies
Taxes - Payroll
Taxes - Real Estate
Taxes - Other
Travel and Entertainment
Utilities
Other (attach schedule)
Total Operating Expenses Before Depreciation
Depreciation/Depletion/Amortization	14		58
Net Profit(Loss) Before Other Income & Expenses	(14	)	(58	)
OTHER INCOME AND EXPENSES
Other Income (attach schedule)
Interest Expense	81		367
Other Expense (attach schedule)
Net Profit (Loss) Before Reorganization Items	(95	)	(425	)
REORGANIZATION ITEMS
Professional Fees
U.S. Trustee Quarterly Fees
Interest Earned on Accumulated Cash from Chapter 11 (see continuation sheet)
Gain(Loss) from Sale of Equipment
Other Reorganization Expenses (attach schedule)
Total Reorganization Expenses
Income Taxes
Net Profit(Loss)


* “Insider” is defined in 11 U.S.C. Section 101(31).		MOR-3
		9/04


Auto Image ID, Inc.	Case No.	04-14152-JMD
Debtor	Reporting Period	Mar. 31, 2005

STATEMENT OF OPERATIONS (IN THOUSANDS) - continuation sheet


BREAKDOWN OF “OTHER” CATEGORY	Month	Cumulative Filing to Date
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 but for the bankruptcy proceeding, should be reported as a reorganization item.

MOR-3

9/04


Auto Image ID, Inc.	Case No.	04-14152-JMD
Debtor	Reporting Period	Mar. 31, 2005

BALANCE SHEET (IN THOUSANDS)

The Balance Sheet is to be completed on an accrual basis only. Pre-petition liabilities must be classified separately from postpetition obligations.


ASSETS	BOOK VALUE AT END OF CURRENT REPORTING MONTH		BOOK VALUE ON PETITION DATE
CURRENT ASSETS
Unrestricted Cash and Equivalents
Restricted Cash and Cash Equivalents
Accounts Receivable (Net)
Notes Receivable
Inventories
Prepaid Expenses
Professional Retainers
Other Current Assets (attach schedule)
TOTAL CURRENT ASSETS	—		—
PROPERTY AND EQUIPMENT
Real Property and Improvements
Machinery and Equipment
Furniture, Fixtures and Office Equipment
Leasehold Improvements
Vehicles
Less Accumulated Depreciation
TOTAL PROPERTY & EQUIPMENT			—
OTHER ASSETS
Loans to Insiders
Other Assets (attach schedule)	780		839
TOTAL OTHER ASSETS	780		839
TOTAL ASSETS	780		839

LIABILITIES AND OWNER EQUITY	BOOK VALUE AT END OF CURRENT REPORTING MONTH		BOOK VALUE ON PETITION DATE
LIABILITIES NOT SUBJECT TO COMPROMISE (Post-Petition)
Accounts Payable
Taxes Payable (refer to …)
Wages Payable
Notes Payable
Rent / Leases - Building/Equipment
Secured Debt / Adequate Protection Payments
Professional Fees
Amounts Due to Insiders
Other Postpetition Liabilities (attach schedule)	366
TOTAL POST-PETITION LIABILITIES	366		—
*LIABILITIES SUBJECT TO COMPROMISE (Pre-Petition)*
Secured Debt
Priority Debt
Unsecured Debt *	9,534		9,534
TOTAL PRE-PETITION LIABILITIES	9,534		9,534
TOTAL LIABILITIES	9,900		9,534
OWNER EQUITY
Capital Stock
Additional Paid-In Capital
Partners’ Capital Account
Owner’s Equity Account
Retained Earnings - Pre-Petition	(8,695	)	(8,695	)
Retained Earnings - Postpetition	(425	)
Adjustments to Owner Equity (attach schedule)
Post-Petition Contributions (Distributions) (Draws) (attach schedule)
Net Owner Equity	(9,120	)	(8,695	)
TOTAL LIABILITIES AND OWNERS’ EQUITY	780		839

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

*	Includes $4,451,193 of Robotic Vision Systems, Inc. debt incurred in the acquisition of Auto Image ID, Inc. For accounting purposes, this debt has been reflected in the books and records of Auto Image ID, Inc.

MOR-4

9/04


Auto Image ID, Inc.	Case No.	04-14152-JMD
Debtor	Reporting Period	Mar. 31, 2005

BALANCE SHEET (IN THOUSANDS) - continuation sheet


ASSETS	BOOK VALUE AT END OF CURRENT REPORTING MONTH	BOOK VALUE ON PETITION DATE
Other Current Assets
Other Assets
Goodwill	343	343
Technology	437	496

LIABILITIES AND OWNER EQUITY	BOOK VALUE AT END OF CURRENT REPORTING MONTH	BOOK VALUE ON PETITION DATE
Other Postpetition Liabilities
Accrued Interest	367
Intercompany
Intercompany investment in subs
Adjustments to Owner Equity


Postpetition Contributions (Distributions) (Draws)
Restricted Cash: cash that is restricted for a specific use and not available to fund operations.		MOR-4
Typically, restricted cash is segregated into a separate account, such as an escrow account.		9/04


Auto Image ID, Inc.	Case No.	04-14152-JMD
Debtor	Reporting Period	Mar. 31, 2005

STATUS OF POST-PETITION TAXES

Beginning
Tax
Liability

Amount
Withheld or
Accrued

Amount
Paid

Date
Paid

Check No.
or EFT

Ending
Tax
Liability

Federal

Income Tax Withholding

FICA-Employee

FICA-Employer

Unemployment

Income

Other:

Total Federal Taxes

State and Local

Income Tax Withholding

Sales

Excise

Unemployment

Real Property

Personal Property

Other:

Total State and Local

Withholding for Employee Healthcare

Premiums, Pensions & Other Benefits

Total Taxes

SUMMARY OF UNPAID POST-PETITION DEBTS

Attach aged listing of accounts payables

Number of Days Past Due

Current

0-30

31-60

61-90

Over 90

Total

Accounts Payable

Wages Payable

Taxes Payable

Rent/Leases-Building

Rent/Leases-Equipment

Secured Debt/Adequate Protection Payments

Professional Fees

Amounts Due to Insiders*

Other:

Total Postpetition Debts


Explain how and when the Debtor intends to pay any past-due post-petition debts.
________________________________________________________________________
________________________________________________________________________
________________________________________________________________________
________________________________________________________________________
* “Insider” is defined in 11 U.S.C. Section 101(31).		MOR-5
		9/04


Auto Image ID, Inc.	Case No.	04-14152-JMD
Debtor	Reporting Period	Mar. 31, 2005

ACCOUNTS RECEIVABLE RECONCILIATION AND AGING (IN THOUSANDS)


ACCOUNTS RECEIVABLE RECONCILIATION		Amount
Total Accounts Receivable at the beginning of the reporting period		0
+ Amounts billed during the period
- Amounts collected during the period
Total Accounts Receivable at the end of the reporting period		0

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

MOR-6

9/04