EX-99.1 3 dex991.txt MONTHLY OPERATING REPORT FOR SEPTEMBER 29, 2001 Exhibit 99.1 UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF CALIFORNIA In re: Adaptive Broadband Corporation Case No. 01-53685 ASW 2055 Gateway Place, Suite 400 San Jose, CA 95110 CHAPTER 11 MONTHLY OPERATING REPORT (GENERAL BUSINESS CASE) SUMMARY OF FINANCIAL STATUS MONTH ENDED: 09/29/01 (1) PETITION DATE: 07/26/01 1. Debtor in possession (or trustee) hereby submits this Monthly Operating Report on the Accrual Basis of accounting (or if checked here the Office of the U.S. Trustee or the Court has approved the Cash Basis of Accounting for the Debtor). Dollars reported in $1 -- End of End of As of 2. Asset and Liability Structure Current Month Prior Month Petition Filing ------------- ------------ --------------- a. Current Assets $31,645,085 $32,205,289 b. Total Assets $56,730,932 $58,023,014 $58,117,978 c. Current Liabilities $779,772 $580,531 d. Total Liabilities $29,152,714 $28,953,473 $28,398,051 Cumulative 3. Statement of Cash Receipts & Disbursements for Month Current Month Prior Month (Case to Date) ------------- ----------- -------------- a. Total Receipts $271,009 $250,964 $521,973 b. Total Disbursements $433,498 $358,465 $791,965 c. Excess (Deficiency) of Receipts Over Disbursements (a - b) ($162,489) ($107,501) ($269,992) d. Cash Balance Beginning of Month (2) $26,474,480 $26,867,358 $26,867,358 e. Cash Balance End of Month (c + d) $26,311,991 $26,759,857 $26,311,989 Cumulative Current Month Prior Month (Case to Date) ------------- ----------- -------------- 4. Profit/(Loss) from the Statement of Operations N/A N/A N/A 5. Account Receivables (Pre and Post Petition) $272,878 $261,000 6. Post-Petition Liabilities $779,772 $580,531 7. Past Due Post-Petition Account Payables (over 30 days) $0 $0 At the end of this reporting month: Yes No --- -- 8. Have any payments been made on pre-petition debt, other than payments in the normal X course to secured creditors or lessors? (if yes, attach listing including date of payment, amount of payment and name of payee) 9. Have any payments been made to professionals? (if yes, attach listing including date of X payment, amount of payment and name of payee) 10. If the answer is yes to 8 or 9, were all such payments approved by the court? X 11. Have any payments been made to officers, insiders, shareholders, relatives? (if yes, X attach listing including date of payment, amount and reason for payment, and name of payee) 12. Is the estate insured for replacement cost of assets and for general liability? X 13. Are a plan and disclosure statement on file? X 14. Was there any post-petition borrowing during this reporting period? X 15. Check if paid: Post-petition taxes X ; U.S. Trustee Quarterly Fees ____; Check if filing is current for: Post-petition tax reporting and tax returns: . (Attach explanation, if post-petition taxes or U.S. Trustee Quarterly Fees are not paid current or if post-petition tax reporting and tax return filings are not current.) I declare under penalty of perjury I have reviewed the above summary and attached financial statements, and after making reasonable inquiry believe these documents are correct. Date: 10/20/01 /s/ Daniel L. Scharre Responsible Individual - Daniel Scharre, CEO
(1) Adaptive Broadband utilizes a fiscal calendar (a 4-week month, 4-week month, 5-week month) that does not directly correspond with Calendar month-end dates. Accordingly, this Monthly Operating Report reflects an ending-date consistent with the Debtor's books and records. (2) $26,474,480 represents the adjusted cash balance at beginning of period following the completion of the August 2001 bank reconciliation. See Attached Statement of Cash Receipts and Disbursements. BALANCE SHEET (General Business Case) For the Month Ended 09/29/01
Assets From Schedules Market Value -------------- ------------ Current Assets 1 Cash and cash equivalents - unrestricted $21,021,133 2 Cash and cash equivalents - restricted $5,290,856 3 Accounts receivable (net) A $272,878 4 Inventory B $3,562,945 5 Prepaid expenses $933,445 6 Professional retainers (estimate only) $550,000 7 Other: Interest Income Receivable $13,828 8 9 Total Current Assets $31,645,085 Property and Equipment (Market Value) 10 Real property C $0 11 Machinery & Equipment D $1,255,316 12 Furniture and fixtures D $0 13 Office equipment D $0 14 Leasehold improvements D $0 15 Computer, Hardware & Software D $2,743,765 16 Other: D 17 D 18 D 19 D 20 D 21 Total Property and Equipment $3,999,081 Other Assets 22 Loans to shareholders 23 Loans to affiliates - Secured $288,145 24 Loans to affiliates (net) - unsecured $19,587,340 25 Notes Receivables $1,029,137 26 Security Deposits $182,144 27 28 Total Other Assets $21,086,766 29 Total Assets $56,730,932
NOTE: At the guidance of the US Trustee, Adaptive Broadband Corporation, Debtor In Possession, is presenting its assets at cost value less accumulated depreciation, if any. In addition, Accounts Receivable, Inventory and Property Plant & Equipment are reflective of a provisional impairement write-down. Liabilities and Equity (General Business Case)
Liabilities From Schedules Post-Petition Current Liabilities 30 Salaries and Wages (including Contract Labor) $0 31 Payroll taxes $185,062 32 Real and personal property taxes 33 Income taxes 34 Sales taxes 35 Notes payable (short term) 36 Accounts payable (trade) A $94,710 37 Real property lease arrearage 38 Personal property lease arrearage 39 Accrued professional fees (estimate only) $500,000 40 Current portion of long-term post-petition debt (due within 12 months) 41 Other: 42 43 44 Total Current Liabilities $779,772 45 Long-Term Post-Petition Debt, Net of Current Portion 46 Total Post-Petition Liabilities $779,772 Pre-Petition Liabilities (allowed amount) 47 Secured claims F $0 48 Priority unsecured claims F $159,165 49 General unsecured claims F $28,213,777 50 Total Pre-Petition Liabilities $28,372,942 51 Total Liabilities $29,152,714 Equity (Deficit) 52 Retained Earnings/(Deficit) at time of filing ($131,091,067) 53 Capital Stock $3,777,628 54 Additional paid-in capital $157,920,727 55 Cumulative profit/(loss) since filing of case ($3,029,070) 56 Post-petition contributions/(distributions) or (draws) 57 58 Market value adjustment 59 Total Equity (Deficit) $27,578,218 60 Total Liabilities and Equity (Deficit) $56,730,932
SCHEDULES TO THE BALANCE SHEET (General Business Case) Schedule A Accounts Receivable and (Net) Payable
Accounts Receivable Accounts Payable Past Due Receivables and Payables Agings [Pre and Post Petition] [Post Petition] Post Petition Debt 0 -30 Days $0 $94,710 31-60 Days $0 61-90 Days $0 $0 91+ Days $9,161,150 Total accounts receivable/payable $9,161,150 $94,710 Allowance for doubtful accounts $8,888,272 Accounts receivable (net) $272,878
Schedule B Inventory/Cost of Goods Sold
Types and Amount of Inventory(ies) ---------------------------------- Inventory(ies) Balance at End of Month ------------ Retail/Restaurants - Product for resale Distribution - Products for resale Manufacturer - Raw Materials $10,549,489 Work-in-progress $2,702,024 Finished goods $42,876,598 Inventory Write-Down Provision ($52,565,166) TOTAL $3,562,945 Method of Inventory Control Do you have a functioning perpetual inventory system? Yes X No How often do you take a complete physical inventory? Weekly Monthly Quarterly X Semi-annually Annually Date of last physical inventory was 07/13/01 Date of next physical inventory is Not Yet Determined
Cost of Goods Sold ------------------ Inventory Beginning of Month $3,642,187 Add - Net Purchase Direct labor Manufacturing overhead Freight in Other: Less - Inventory End of Month $3,562,945 Shrinkage Personal Use Cost of Goods Sold $79,242 Inventory Valuation Methods Indicate by a checkmark method of inventory used. Valuation methods - FIFO cost LIFO cost Lower of cost or market X Retail method Other Explain
Schedule C Real Property
Description Cost Market Value ---- ------------ N/A N/A N/A Total $0 $0
Schedule D Other Depreciable Assets
Description Cost Market Value Machinery & Equipment - ---- ------------ $1,255,316 $1,255,316 Total $1,255,316 $1,255,316 Furniture & Fixtures - $0 $0 Total $0 $0 Office Equipment - Total $0 $0 Leasehold Improvements - $0 $0 Total $0 $0 Computer, Hardware & Software (1) Computer Equipment, Oracle Software, Exhibit Booth & Website $2,743,765 $2,743,765 Total $2,743,765 $2,743,765
NOTE: ---- At the guidance of the US Trustee, Adaptive Broadband Corporation, Debtor In Possession, is presenting its assets at cost value less accumulated depreciation, if any. In addition, Accounts Receivable, Inventory and Property Plant & Equipment are reflective of a provisional impairement write-down. (1) This shows an increase of $243,778 from prior month, resulting from a reclassification of certain assets (including certain software, the company's website, and an exhibit booth) previously included under "Leasehold Improvements". Schedule E Aging of Post-Petition Taxes (As of End of the Current Reporting Period)
Taxes Payable 0-30 Days 31-60 Days 61-90 Days 91+ Days Total --------- ---------- ---------- -------- ----- Federal Income Tax Withholding $25,604 $27,074 $57,910 $110,588 FICA - Employee $4,227 $4,620 $16,130 $24,977 FICA - Employer $4,227 $4,620 $16,130 $24,977 Unemployment (FUTA) $0 Income $0 Other (Attach List) $0 Total Federal Taxes $34,057 $36,314 $90,170 $0 $160,541 State and Local Income Tax Withholding $6,177 $6,650 $10,909 $23,736 Unemployment (UT) $0 Disability Insurance (DI) $158 $203 $424 $785 Empl. Training Tax (ETT) $0 Sales $0 Excise $0 Real property $0 Personal property $0 Income $0 Other (Attach List) $0 Total State & Local Taxes $6,335 $6,853 $11,333 $0 $24,521 Total Taxes $40,392 $43,167 $101,503 $0 $185,062
See Attached Schedule E Footnotes Schedule F Pre-Petition Liabilities
List Total Claims For Each Classification Claimed Allowed Amount Amount ------ ------ Secured claims $0 $0 Priority claims other than taxes $159,165 $159,165 Priority tax claims $0 $0 General unsecured claims $28,213,777 $28,213,777 See Attached Schedule F Footnotes
Schedule G Rental Income Information Not applicable to General Business Cases Schedule H Recapitulation of Funds Held at End of Month
Account 1 Account 2 Account 3 Account 4 Account 5 --------- --------- --------- --------- --------- Bank Bank of America Bank of America Merrill Lynch Union Bank Reliance Trust Account Type Debtor In Poss Master Account Money Market CD Deferred Comp. Account No. 12339-36178 12338-10046 291-070236 6459018252 150209526 Account Purpose Operations Sweep Account Savings Savings SEDCP Balance, End of Month $217,303 $10,740,961 $10,052,223 $1,393,054 $3,897,802 Total Funds on Hand for all Accounts $26,311,989 Account 6 Account 7 --------- --------- Bank of China Bank of China USD$-Ops. RMB-Ops. 200008-093014 200008-093001 Operations Operations $7,318 $3,327
Note: Copies of bank statements for all accounts other than at Reliance Trust are attached. The Debtor is working to obtain an accurate statement from Reliance Trust. Schedule E - Footnote --------------------- Explanation for Aging of Post-Petition Taxes Processing of the Debtor's payroll is typically handled by the Debtor's payroll processor, ADP. In addition to processing the Debtor's payroll, ADP typically calculates the Debtor's share of Social Security and Medicare obligations with respect to each payroll, deducts such amounts from the Debtor's payroll account, and forwards such amounts to the appropriate taxing authorities. However, for the Debtor's last payroll before its bankruptcy filing, the deduction from the Debtor's payroll account for the Debtor's share of payroll taxes for such payroll was not completed before the Debtor's payroll account was frozen by the Debtor's bankruptcy filing. Accordingly, the Debtor's share of payroll tax obligations on that final prepetition payroll, totaling $13,551.58, was not collected or paid by ADP ("Prepetition Payroll Taxes"). As one of the Debtor's "first day" motions, the Debtor requested and obtained authority to pay to the appropriate taxing authorities deductions from employee paychecks for employees' shares of prepetition payroll taxes, and to pay prepetition employee wages that were due and owing and the Debtor's share of payroll taxes for such wages; however, because the Debtor was not aware that the Prepetition Payroll Taxes were unpaid, the Debtor did not request or obtain authority to pay its unpaid share of prepetition payroll taxes on prepetition wages that were paid prior to the Petition Date. Accordingly, on September 17, 2001, the Debtor requested authority to pay the Prepetition Payroll Taxes, totaling $13,551.58, to the appropriate taxing authorities. ADP had refused to collect and pay any of the Debtor's payroll taxes, including payroll taxes incurred post-petition with respect to post-petition payrolls paid through ADP, unless the Prepetition Payroll Taxes were paid in full. The Debtor has subsequently received approval from the U.S. Bankruptcy Court for payment of the $13,551.58 in prepetition payroll taxes. ADP was authorized in September 2001 to debit the Debtor's payroll account for amounts required to pay any prepetition, August 2001, and September 2001 payroll taxes. However, it was not until fiscal October 2001 that ADP actually arranged for payment of such taxes. This payment arrangement is expected to continue for future periods. -------------------------------------------------------------------------------- Schedule F - Footnotes ---------------------- a) Pre-petition claims are presented as best represented in Adaptive Broadband's books and records. The `claimed' and `allowed' amounts of such claims have, in most cases, not yet been determined. Some claims included in `general unsecured claims' are stated at their potential gross amounts owed, although the `allowed' amount of these claims could face limitations - as stipulated by the U.S. Bankruptcy Code. b) Adaptive Broadband has not completed its analysis of claims in this case and reserves the right to object to all claims scheduled or otherwise listed. c) A number of claims were scheduled with the Bankruptcy Court as contingent, unliquidated, or disputed. For many of these items, a value was undeterminable at the time scheduled with the Court - and is currently undeterminable. As a result, these items are not included in the claim totals listed in Schedule F above. d) Adaptive Broadband has provided a value for contingent, unliquidated or disputed claims when information was available for a reasonable estimation. Included in estimated contingent claims as part of the `general unsecured claims' above are the following: $2.5MM for a potential warranty claim with Comtech Telecommunications, $2MM for a contingent settlement agreement with Northrop Grumman, and $14.8MM relating to Solectron Corporation. e) `Priority claims other than taxes' represents Adaptive Broadband's best estimate as to those employee claims eligible for priority status. The Company is currently reviewing these amounts and will continue to make any necessary adjustments to the allocation between priority and non-priority status, if warranted. f) General unsecured claims includes approximately $132K in prepetition taxes. Adaptive Broadband is attempting to identify which, if any, amounts owing to taxing authorities are eligible for priority status. g) Adaptive Broadband Corporation has rejected three real property leases during the post-petition period. The Company is currently in the process of estimating the potential damage claim, if any, afforded to the landlords of these properties as may be allowed under the U.S. Bankruptcy Code. No such estimate is included in the `general unsecured claims' listed above. STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS Increase/(Decrease) in Cash and Cash Equivalents For the Month Ended 09/29/01
Actual Cumulative Current Month (Case to Date) ------------- -------------- Cash Receipts 1 Rent/Leases Collected $0 2 Cash Received from Sales $148,340 $319,625 3 Interest Received $63,000 $133,816 4 Borrowings $0 5 Funds from Shareholders, Partners, or Other Insiders $0 6 Capital Contributions $0 7 Vendor Refunds & Misc. Receipts $9,669 $18,532 8 Sale of Furniture @ old leased building $50,000 $50,000 9 $0 10 $0 11 $0 ------------- -------------- 12 Total Cash Receipts $271,009 $521,973 ------------- -------------- Cash Disbursements 13 Payments for Inventory $0 14 Selling $0 15 G&A/Misc. $19,857 $20,736 16 Rent $29,093 $213,282 17 Insurance Expenses $10,748 $10,748 18 Interest Paid $0 Rent/Lease: $0 19 Storage Fees $0 20 Real Property $0 Amount Paid for Compensation $0 21 Salaries (Net) $120,435 $206,024 22 Contract Labor $17,514 $34,492 23 Payroll Processing Fees $1,169 $1,169 24 Expense Reimbursements (Travel, Air & Misc.) $12,557 $12,557 25 Other (Fringe) $74,465 $100,859 26 Salaries/Commissions (less employee withholding) $0 27 Management Fees $0 Taxes: $0 28 Employee Withholding $0 29 Employer Payroll Taxes $0 30 Real Property Taxes $0 31 Sales Taxes $50 $50 32 Other Cash Outflows: 33 Travel & Meetings $0 $0 34 Technology & Phone $7,504 $7,594 35 Engineering & Operations $965 $1,325 36 Professional Consulting Services $100,000 $100,253 37 Moving Expenses $23,509 $42,126 38 Disbursements of China Subsidiary $15,632 $40,748 ------------- -------------- 39 Total Cash Disbursements: $433,498 $791,965 ------------- -------------- 40 Net Increase (Decrease) in Cash ($162,489) ($269,992) ------------- -------------- 41 Cash Balance, Beginning of Period (Unadjusted) $26,759,857 $26,867,358 ------------- -------------- 42 Reconciling Adjustment ($285,377) ($285,377) ------------- -------------- 43 Cash Balance, Beginning of Period (Adjusted) $26,474,480 $26,581,981 ------------- -------------- 44 Cash Balance, End of Period $26,311,991 $26,311,991 ============= ==============
Reconciling adjustment is a result of the Debtor completing its August 2001 bank reconciliations. Consistent with what was reported in the August 2001 MOR, a restatement of the Reliance Trust Value and outstanding checks were contributing factors to the adjustment. Adaptive Broadband Corporation Tax Statement August 26, 2001 to September 29, 2001
Amount Remitted To Date Remitted To Amount Taxing Authority [A] Tax Authority -------------- -------------------------- ---------------------- Gross Payroll & Payroll Taxes ----------------------------- Gross Payroll $ 181,744.00 0 Federal Taxes Withheld $ 110,588.00 0 State Taxes Withheld $ 24,521.00 0 Employer Taxes $ 49,953.00 0 Gross Sales ----------- Gross Sales $ 208,009.00 0 [B]
Notes: [A] See footnote to Schedule E [B] As a result of reseller agreements and international sales, no sales tax is related to gross sales. ADAPTIVE BROADBAND CORPORATION Payments to Insiders & Professionals 08/28/01 TO 09/28/01
PAYEE CATEGORIZATION DATE CHECK # Amount Paid PETER MALONEY 56010 - Travel - Air and Misc. 09/28/01 1159 221 DANIEL SCHARRE 56010 - Travel - Air and Misc. 09/14/01 1078 147 IAN WALTERS 56010 - Travel - Air and Misc. 09/14/01 1084 358 PETER MALONEY 56010 - Travel - Air and Misc. 09/14/01 1078 29 DANIEL SCHARRE 56010 - Travel - Air and Misc. 08/31/01 1051 120 ELIAS NADER 56010 - Travel - Air and Misc. 08/31/01 1058 182 IAN WALTERS 56010 - Travel - Air and Misc. 08/31/01 1057 143 JERROLD KOLLMAN 51100 - Wages & Salaries 09/28/01 1132 4,975 PETER MALONEY 51100 - Wages & Salaries 09/28/01 1134 5,397 ELIAS NADER 51100 - Wages & Salaries 09/28/01 1135 3,636 DANIEL SCHARRE 51100 - Wages & Salaries 09/28/01 1136 6,883 IAN WALTERS 51100 - Wages & Salaries 09/28/01 1136 3,744 DANIEL SCHARRE 51100 - Wages & Salaries 09/14/01 1078 6,160 ELIAS NADER 51100 - Wages & Salaries 09/14/01 1077 3,636 IAN WALTERS 51100 - Wages & Salaries 09/14/01 1084 3,744 JERROLD KOLLMAN 51100 - Wages & Salaries 09/14/01 1085 4,976 PETER MALONEY 51100 - Wages & Salaries 09/14/01 1078 6,387 DANIEL SCHARRE 51100 - Wages & Salaries 08/31/01 1061 6,883 ELIAS NADER 51100 - Wages & Salaries 08/31/01 1050 3,836 IAN WALTERS 51100 - Wages & Salaries 08/31/01 1054 3,744 JERROLD KOLLMAN 51100 - Wages & Salaries 08/31/01 1048 4,975 PETER MALONEY 51100 - Wages & Salaries 08/31/01 1047 5,397 Arthur Andersen LLP 56408 - Professional Services 09/20/01 1108 100,000
ADAPTIVE BROADBAND CORPORATION ADAP SEPTEMBER 01 DISBURSEMENTS 08/26/01 TO 09/28/01
------------------------------------------------------------------------------------------------------------------------------------ PAYEE DESCRIPTION CATEGORIZATION ------------------------------------------------------------------------------------------------------------------------------------ U.S. ------------------------------------- NORTHEAST SOFTWARE SERVICES INV 7126, 7137 56613 - Computer System Support / Maintenance Atlas Sales & Rentals Air Conditioner Rental 56613 - Computer System Support / Maintenance SKYTEL INV 1I2307884 56605 - Wireless phones AT&T Phones 56605 - Wireless phones Sprint PCS Phones 56605 - Wireless phones Verizon Wireless Phones 56605 - Wireless phones HURRICANE ELECTRIC INTERNET INV 9609706IN 56603 - WAN/Internet Hurrican Electric Internet Services Internet 56603 - WAN/Internet Worldcom/UUNET Internet 56603 - WAN/Internet Pacific Bell Phones 56602 - Local phones PACIFIC BELL Inv 9607382418, 960757415 56601 - Long Distance ANDERSEN LLP INV 15078 56408 - Professional Services ADP Inv 101334 56407 - Payroll Processing Fees ADP Payroll 56407 - Payroll Processing Fees ADP Payroll 56407 - Payroll Processing Fees ADP Payroll 56407 - Payroll Processing Fees CITY OF SUNNYVALE INV 110827782SEP01 56299 - Misc. Expenses PACIFIC GAS & ELECTRIC CO. INV HVV5052605AUG01,5052806AUG01, 5052605SEP01 56299 - Misc. Expenses TERMINIX Inv 2223108254964 56299 - Misc. Expenses PURDENTIAL SECURITY Inv 1753 56299 - Misc. Expenses SALOMON SMITH BARNEY Inv 101004107 56299 - Misc. Expenses WALTER YONAN TRASH PICK UP AT 1143 BORREGAS 56299 - Misc. Expenses AON Risk Services Medical 56221 - Insurance Expense COMMISSIONER OF TAXATION INV 13AUG01 56204 - Sales Tax Expense ALHAMBRA INV 861581310 56136 - Office Supplies & Support SHRE IT - SAN JOSE INV 1981203 56136 - Office Supplies & Support UNITED PARCEL SERVICE INV E3W351/341 56136 - Office Supplies & Support DHL WORLDWID Inv 7217918 56136 - Office Supplies & Support FEDERAL EXPRESS Inv 20AUG01 56136 - Office Supplies & Support UNITED PARCEL SERVICE Inv 100E3W371 56136 - Office Supplies & Support United Parcel Service Supplies 56136 - Office Supplies IRON MOUNTAIN INV 220146651A, 777016163 56134 - Rent Expense IRON MOUNTAIN INV 220147827, 777016551 56134 - Rent Expense ORCHARD FACILITIES SERVICES INV 12581 56134 - Rent Expense ATLAS SALES & RENTALS, INC. RENTAL AIR CONDITION 56134 - Rent Expense JIT TRANSPORTATION INV 605580 56134 - Rent Expense HOGLAND TRANSFER Inv 6206 56134 - Rent Expense STERLING LOGISTICS Inv 16918 56134 - Rent Expense HQ GLOBAL WORKPLACES Inv SJ004F710661 56134 - Rent Expense HQ GLOBAL WORKPLACES Rent 56134 - Rent Expense Iron Mountain Rent 56134 - Rent Expense GLENN WILLMAN Movers 56133 - Moving Expenses LOUIS DOMINGUEZ Movers 56133 - Moving Expenses MOVER SERVICES INC Movers 56133 - Moving Expenses ROCKY JOE TORRES Movers 56133 - Moving Expenses BOFA/MOVER SERVICES INC CASHIERS CHECK FOR MOVERS SERVICES INC. 56133 - Moving Expenses HEWLETT-PACKARD ADD'L MOVING FEES 56133 - Moving Expenses JIT TRANSPORTATION 2 MOS STORAGE FEE /PICK UP FEE (INVENTORY) 56133 - Moving Expenses O'NEIL RELOCATION MOVE FROM 1143 BORREGAS 56133 - Moving Expenses MARK SHUPE EXPENSES 56010 - Travel - Air and Misc. PETER MALONEY EXPENSES 56010 - Travel - Air and Misc. SUMMER CANNON EXPENSES 56010 - Travel - Air and Misc. CAMBRIAN PLAZA TRAVEL EXPENSES 56010 - Travel - Air and Misc. DANIEL SCHARRE EXPENSES 56010 - Travel - Air and Misc. FU-CHIEH CHANG EXPENSES 56010 - Travel - Air and Misc.
-------------------------------------------------------------------- PAYEE DATE CHECK # AMOUNT -------------------------------------------------------------------- U.S. ----------------------------------- NORTHEAST SOFTWARE SERVICES 09/24/01 1115 160 Atlas Sales & Rentals 09/13/01 1072 670 SKYTEL 09/24/01 1118 10 AT&T 09/14/01 1092 42 Sprint PCS 09/14/01 1097 769 Verizon Wireless 09/14/01 1101 334 HURRICANE ELECTRIC INTERNET 09/24/01 1113 850 Hurrican Electric Internet Services 09/14/01 1094 850 Worldcom/UUNET 09/14/01 1100 2,126 Pacific Bell 09/14/01 1096 97 PACIFIC BELL 09/28/01 1148 3,263 ANDERSEN LLP 09/20/01 1106 100,000 ADP 09/28/01 1140 47 ADP 09/06/01 1070 815 ADP 09/14/01 1089 54 ADP 09/14/01 1090 253 CITY OF SUNNYVALE 09/24/01 1111 59 PACIFIC GAS & ELECTRIC CO. 09/24/01 1116 10,249 TERMINIX 09/28/01 1152 70 PURDENTIAL SECURITY 09/28/01 1155 1,128 SALOMON SMITH BARNEY 09/28/01 1156 3,483 WALTER YONAN 08/31/01 1062 3,200 AON Risk Services 09/14/01 1091 10,748 COMMISSIONER OF TAXATION 09/24/01 1122 50 ALHAMBRA 09/24/01 1107 30 SHRE IT - SAN JOSE 09/24/01 1117 85 UNITED PARCEL SERVICE 09/24/01 1124 54 DHL WORLDWID 09/28/01 1143 166 FEDERAL EXPRESS 09/28/01 1144 44 UNITED PARCEL SERVICE 09/28/01 1157 431 United Parcel Service 09/14/01 1099 155 IRON MOUNTAIN 09/17/01 1104 581 IRON MOUNTAIN 09/24/01 1114 581 ORCHARD FACILITIES SERVICES 09/24/01 1123 64 ATLAS SALES & RENTALS, INC. 09/24/01 1125 670 JIT TRANSPORTATION 09/26/01 1126 200 HOGLAND TRANSFER 09/28/01 1145 12,483 STERLING LOGISTICS 09/28/01 1151 75 HQ GLOBAL WORKPLACES 09/28/01 1154 10,656 HQ GLOBAL WORKPLACES 09/01/01 1068 850 Iron Mountain 09/14/01 1095 589 GLENN WILLMAN 09/01/01 1066 200 LOUIS DOMINGUEZ 09/01/01 1064 200 MOVER SERVICES INC 09/01/01 1067 6,064 ROCKY JOE TORRES 09/01/01 1065 200 BOFA/MOVER SERVICES INC 08/31/01 1063 16,202 HEWLETT-PACKARD 08/31/01 1060 643 JIT TRANSPORTATION 08/31/01 1061 1,450 O'NEIL RELOCATION 08/31/01 1059 894 MARK SHUPE 09/28/01 1137 1,384 PETER MALONEY 09/28/01 1159 221 SUMMER CANNON 09/06/01 1069 150 CAMBRIAN PLAZA TRAVEL 09/07/01 1071 466 DANIEL SCHARRE 09/14/01 1078 147 FU-CHIEH CHANG 09/14/01 1086 205
------------------------------------------------------------------------------------------------------------------------------------ PAYEE DESCRIPTION CATEGORIZATION DATE CHECK # AMOUNT ------------------------------------------------------------------------------------------------------------------------------------ IAN WALTERS EXPENSES 56010 - Travel - Air and Misc. 09/14/01 1084 356 MARK SHUPE EXPENSES 56010 - Travel - Air and Misc. 09/14/01 1102 394 MARK SHUPE EXPENSES 56010 - Travel - Air and Misc. 09/14/01 1103 1,526 PETER MALONEY EXPENSES 56010 - Travel - Air and Misc. 09/14/01 1076 29 DANIEL SCHARRE EXPENSES 56010 - Travel - Air and Misc. 08/31/01 1051 120 ELIAS NADER EXPENSES 56010 - Travel - Air and Misc. 08/31/01 1056 182 HONGBIN SHEN EXPENSES 56010 - Travel - Air and Misc. 08/31/01 1052 1,663 IAN WALTERS EXPENSES 56010 - Travel - Air and Misc. 08/31/01 1057 143 AON CONSULTING INV 3870, 3923, 3924 53000 - Fringe Expense 09/24/01 1108 1,240 AON RISK SERVICES INV 24978, 25488, 27672, 27676, 27678 53000 - Fringe Expense 09/24/01 1110 65,718 THE HARTFORD INSURANCE INV 10SEP01 53000 - Fringe Expense 09/24/01 1120 16 AON CONSULTING Inv 14SEP01, 3924, 31AUG01, 4036 53000 - Fringe Expense 09/28/01 1141 1,766 DELTA DENTAL Inv 1SEP01 53000 - Fringe Expense 09/28/01 1142 2,945 KEMPER INSURANCE Inv 22SEP01 53000 - Fringe Expense 09/28/01 1146 2,320 Delta Dental Dental 53000 - Fringe Expense 09/14/01 1093 459 ACCOUNTANTS, INC. CONSULTANT - CECILIA LIRIO 52100 - Contract Labor 09/19/01 1105 5,940 STAR TEMPS, INC. INV 52965 52100 - Contract Labor 09/24/01 1119 1,890 SIRAROTOGA BLANCARTE Invoice 174 P/E 09-28-01 52100 - Contract Labor 09/28/01 1128 2,325 STAR TEMPS, INC. Inv 53238 52100 - Contract Labor 09/28/01 1150 4,662 SIRAROTOGA BLANCARTE Invoice Contractor 52100 - Contract Labor 09/14/01 1088 1,200 Star Temps, Inc. Consultant - Cecilia Lirio 52100 - Contract Labor 09/14/01 1098 252 SIRAROTOGA BLANCARTE Invoice Contractor 52100 - Contract Labor 08/31/01 1055 1,245 HONGBIN SHEN Payroll P/E 09-28-01 51100 - Wages & Salaries 09/27/01 1127 3,511 JAY APOIAN Payroll P/E 09-28-01 51100 - Wages & Salaries 09/28/01 1129 1,248 ERIC BURKE Payroll P/E 09-28-01 51100 - Wages & Salaries 09/28/01 1130 1,913 CASSANDRA JONES Payroll P/E 09-28-01 51100 - Wages & Salaries 09/28/01 1131 1,725 JERROLD KOLLMAN Payroll P/E 09-28-01 51100 - Wages & Salaries 09/28/01 1132 4,975 PATTY MIAO Payroll P/E 09-28-01 51100 - Wages & Salaries 09/28/01 1133 1,440 PETER MALONEY Payroll P/E 09-28-01 51100 - Wages & Salaries 09/28/01 1134 5,397 ELIAS NADER Payroll P/E 09-28-01 51100 - Wages & Salaries 09/28/01 1135 3,636 DANIEL SCHARRE Payroll P/E 09-28-01 51100 - Wages & Salaries 09/28/01 1136 8,863 MARK SHUPE Payroll P/E 09-28-01 51100 - Wages & Salaries 09/28/01 1137 1,875 IAN WALTERS Payroll P/E 09-28-01 51100 - Wages & Salaries 09/28/01 1138 3,744 SUPPORT CLEARING HOUSE Payroll P/E 09-28-01 Support Withholding 51100 - Wages & Salaries 09/28/01 1139 282 SUMMER CANNON Payroll P/E 09-28-01 51100 - Wages & Salaries 09/28/01 1158 1,480 CASSANDRA JONES Payroll P/E 09-14-01 51100 - Wages & Salaries 09/14/01 1075 1,725 DANIEL SCHARRE Payroll P/E 09-14-01 51100 - Wages & Salaries 09/14/01 1078 8,863 ELIAS NADER Payroll P/E 09-14-01 51100 - Wages & Salaries 09/14/01 1077 3,636 ERIC BURKE Payroll P/E 09-14-01 51100 - Wages & Salaries 09/14/01 1081 1,484 HONGBIN SHEN Payroll P/E 09-14-01 51100 - Wages & Salaries 09/14/01 1079 3,545 IAN WALTERS Payroll P/E 09-14-01 51100 - Wages & Salaries 09/14/01 1084 3,744 JAY APOIAN Payroll P/E 09-14-01 51100 - Wages & Salaries 09/14/01 1074 1,248 JERROLD KOLLMAN Payroll P/E 09-14-01 51100 - Wages & Salaries 09/14/01 1085 4,975 MARK SHUPE Payroll P/E 09-14-01 51100 - Wages & Salaries 09/14/01 1102 1,875 PATTY MIAO Payroll P/E 09-14-01 51100 - Wages & Salaries 09/14/01 1082 1,440 PETER MALONEY Payroll P/E 09-14-01 51100 - Wages & Salaries 09/14/01 1076 5,397 SUMMER CANNON Payroll P/E 09-14-01 51100 - Wages & Salaries 09/14/01 1083 1,330 SUPPORT CLEARING HOUSE Payroll P/E 09-14-01 Support Clearinghouse 51100 - Wages & Salaries 09/14/01 1087 282 SUPPORT CLEARING HOUSE SHUPE SUPPORT PAYMENT 51100 - Wages & Salaries 08/27/01 1039 704 SUPPORT CLEARING HOUSE SHUPE SUPPORT PAYMENT 51100 - Wages & Salaries 08/31/01 1058 282 CASSANDRA JONES Payroll PE 08-31-01 51100 - Wages & Salaries 08/31/01 1046 1,725 DANIEL SCHARRE Payroll PE 08-31-01 51100 - Wages & Salaries 08/31/01 1051 8,863 ELIAS NADER Payroll PE 08-31-01 51100 - Wages & Salaries 08/31/01 1050 3,636 ERIC BURKE Payroll PE 08-31-01 51100 - Wages & Salaries 08/31/01 1043 1,484 FU-CHIEH CHANG Payroll PE 08-31-01 51100 - Wages & Salaries 08/31/01 1045 1,649 HONGBIN SHEN Payroll PE 08-31-01 51100 - Wages & Salaries 08/31/01 1052 3,545
------------------------------------------------------------------------------------------------------------------------------------ PAYEE DESCRIPTION CATEGORIZATION DATE CHECK # AMOUNT ------------------------------------------------------------------------------------------------------------------------------------ IAN WALTERS Payroll PE 08-31-01 51100 - Wages & Salaries 08/31/01 1054 3,744 JAY APOIAN Payroll PE 08-31-01 51100 - Wages & Salaries 08/31/01 1042 1,248 JERROLD KOLLMAN Payroll PE 08-31-01 51100 - Wages & Salaries 08/31/01 1048 4,975 MARK SHUPE Payroll PE 08-31-01/EXPENSES 51100 - Wages & Salaries 08/31/01 1053 5,570 PATTY MIAO Payroll PE 08-17-01 51100 - Wages & Salaries 08/27/01 1040 628 PATTY MIAO Payroll PE 08-31-01 51100 - Wages & Salaries 08/31/01 1049 1,440 PETER MALONEY Payroll PE 08-31-01 51100 - Wages & Salaries 08/31/01 1047 5,397 SUMMER CANNON Payroll PE 08-31-01 51100 - Wages & Salaries 08/31/01 1044 1,480 -------- U.S. Total $417,863 ---------- China (Beijing Office) ------------------------------------------------------------- Telegram Bureau Chinanet 56603 - WAN/Internet 09/24/01 9544 21 Fesco visa extension for Jay Apoian 56299 - Misc. Expenses 09/20/01 9540 121 FIRST car rent(Sep-2001) 56299 - Misc. Expenses 09/07/01 9536 1,546 Flower/Ayi office cleaning,etc. 56136 - Office Supplies & Support 09/28/01 9549 139 UPS postage 56136 - Office Supplies & Support 09/13/01 9539 78 Sunshine Plaza management fee/utilities 56134 - Rent Expense (Utilities) 09/10/01 9537 174 Landlord July's rental for Mr.Zheng's apartment 56134 - Rent Expense 09/24/01 9541 1,304 China Resources Bld. car parking fee 56134 - Rent Expense 09/28/01 9590 145 staff reimbursement for business expense 56010 - Travel - Air and Misc. 09/25/01 9545 3,110 Xiaonan Zheng reimbursement for business expense 56010 - Travel - Air and Misc. 09/27/01 9546 1,009 Hong Li salary for September 51100 - Wages & Salaries 09/27/01 9547 365 Hong Li severance fee 51100 - Wages & Salaries 09/28/01 9548 365 Xiaonan Zheng cash advance 51100 - Wages & Salaries 09/07/01 9534 3,625 Jay Apoian cash advance 51100 - Wages & Salaries 09/07/01 9535 3,625 Hong Li salary for September 51100 - Wages & Salaries 09/14/01 9538 6 -------- China Total $15,632 ----------- Total US & CHINA $433,496 ----------------
G/L ACCOUNT: 11456 ACCOUNT ANALYSIS ACCOUNT NAME: Corp Debtor In Possession PREPARED BY: CECILIA S. LIRIO AS OF: September-01 BEG. BAL CASH IN CASH OUT END. BAL BAL per GL 329,050.67 168,141.61 (507,658.92) (10,466.64) - To book additional PAYROLL Checks (43,435.12) (43,435.12) 9/19 - Transfer from MASTER (#11515) 8,000.00 8,000.00 9/25 - Transfer from MASTER (#11515) 300,000.00 300,000.00 9/25 - Transfer from CIGNA (#11450) 28,510.76 28,510.76 9/27 - International Money Transfer 4,201.01 4,201.0l 9/10 - deposited to FUNDSWEEP Acct (79.79) (79.79) 9/12 - deposited to FUNDSWEEP Acct (55,012.00) (55,012.00) 9/13 - deposited to FUNDSWEEP Acct (4,054.00) (4,054.00) 9/14 - deposited to FUNDSWEEP Acct (34.00) (34.00) 9/19 - Wire Out to CHINA (8,000.00) (8,000.00) NEED TO BOOK VARIOUS CHECKS (2,236.74) (2,326.74) Unreconciled item - ------------------------------------------------------------------------------- ENDING GL ADJ 329,050.67 508,853.38 (620,600.57) 217.303.48 =============================================================================== PER BANK 305,816.35 341,201.16 (330,184.28) 316,833.23 - AP-Outstanding Checks (58,593.23) (58,593.23) PAYROLL-Outstanding Checks (40,936.62) (40,936.62) - - - ------------------------------------------------------------------------------- ENDING BANK BALANCE 305,816.35 341,201.16 (429,714.13) 217,303.38 =============================================================================== 23,234.32 167,652.22 (190,886.44) 0.10
NO. AMER. DIV. CORP. SERV.-NO. #1233 P.O. BOX 27128 ACCOUNT NUMBER: 1233-9-36178 CONCORD, CA. 94520 ACCOUNT TYPE:CORP CHECKING ACCOUNT IPO LAST STATEMENT 08/31/01 FOR STATEMENT INQUIRIES CALL 800-262-2726 THIS STATEMENT 09/28/01 PARENT ID: 05569 0928011010-C ADAPTIVE BROADBAND CORP-DIP PAGE 1 OF 5 E 76 1143 BORREGAS AVE ENCLOSURES 76 SUNNYVALE CA 94089 _________________________ STATEMENT CYCLE SUMMARY _____________________________ 09/04/01 OPENING LEDGER BALANCE 305,816.35 OPENING FLOAT 0.00 OPENING COLLECTED BALANCE 305,816.35 1 DEPOSIT(S) 489.39 4 WIRE TRANSFER CREDIT(S) 340,711.77 TOTAL CREDIT(S) 341,201.16 76 CHECK(S) 322,184.28 1 WIRE TRANSFER DEBIT(S) 8,000.00 TOTAL DEBIT(S) 330,184.28 09/28/01 CLOSING LEDGER BALANCE 316,833.23 TOTAL FLOAT 122.00 CLOSING COLLECTED BALANCE 316,711.23 _______________________________________________________________________________ ____________________ DETAILED_TRANSACTIONS_BY_POST_DATE _______________________ 09/04 OPENING BALANCE - LEDGER 305,816.35 - FLOAT 0.00 - COLLECTED 305,816.35 _______________________________________________________________________________ POST_DATE________CUSTOMER_REFERENCE_OR_ITEM_DESCRIPTION______ ____AMOUNT____ 09/04 CHECK 1035 REF# 988505660110238 23.75 DB 09/04 CHECK 1039 REF# 983905460028161 704.10 DB 09/04 CHECK 1040 REF# 981100560398244 627.90 DB 09/04 CHECK 1049 REF# 981100560398246 1,440.10 DB 09/04 CHECK 1062 REF# 982001060442063 3,200.00 DB 09/04 CHECK 13056 REF# 981100560398245 940.03 DB 09/04 CLOSING BALANCE - LEDGER 298,880.47 - FLOAT 0.00 - COLLECTED 298,880.47 _______________________________________________________________________________ 09/05 CHECK 1053 REF# 987005560012635 5,569.69 DB 09/05 CHECK 1064 REF# 058101460194293 200.00 DB 09/05 CHECK 1065 REF# 982000460156042 200.00 DB 09/05 CHECK 1066 REF# 982000860294641 200.00 DB 09/05 CLOSING BALANCE - LEDGER 292,710.78 - FLOAT 0.00 - COLLECTED 292,710.78 _______________________________________________________________________________ NO. AMER. DIV. CORP. SERV.-NO #1233 P.O. BOX 27128 ACCOUNT NUMBER: 1233-9-36178 CONCORD, CA. 94520 PHONE NUMBER 800-262-2726 0928011010 PAGE 2 OF 5 _____________________DETAILED_TRANSACTIONS_BY_POST_DATE________________________ POST_DATE_______CUSTOMER_REFERENCE_OR_ITEM_DESCRIPTION________ ____AMOUNT____ 09/06 CHECK 1043 REF# 980501060048852 1,484.02 DB 09/06 CHECK 1044 REF# 980501060052537 1,479.80 DB 09/06 CHECK 1045 REF# 981401360153098 1,649.31 DB 09/06 CHECK 1048 REF# 983906060098660 4,975.47 DB 09/06 CLOSING BALANCE - LEDGER 283,122.18 - FLOAT 0.00 - COLLECTED 283,122.18 _______________________________________________________________________________ 09/07 CHECK 1047 REF# 981400660376295 5,396.85 DB 09/07 CHECK 1051 REF# 383301460138380 8,982.63 DB 09/07 CHECK 1055 REF# 983500860012515 1,245.00 DB 09/07 CHECK 1061 REF# 982001260025823 1,450.00 DB 09/07 CLOSING BALANCE - LEDGER 266,047.70 - FLOAT 0.00 - COLLECTED 266,047.70 _______________________________________________________________________________ 09/10 CHECK 1054 REF# 981400660148704 3,743.82 DB 09/10 CHECK 1057 REF# 981400660148705 142.81 DB 09/10 CHECK 1068 REF# 983905160196787 850.00 DB 09/10 CLOSING BALANCE - LEDGER 261,311.07 - FLOAT 0.00 - COLLECTED 261,311.07 _______________________________________________________________________________ 09/11 CHECK 1059 REF# 985005960063667 894.00 DB 09/11 CLOSING BALANCE - LEDGER 260,417.07 - FLOAT 0.00 - COLLECTED 260,417.07 _______________________________________________________________________________ 09/12 CHECK 1058 REF# 983907260094051 281.64 DB 09/12 CHECK 1067 REF# 987005760231451 6,064.00 DB 09/12 CHECK 1069 REF# 980500660005779 150.00 DB 09/12 CHECK 1070 REF# 988503760177407 815.00 DB 09/12 CLOSING BALANCE - LEDGER 253,106.43 - FLOAT 0.00 - COLLECTED 253,106.43 _______________________________________________________________________________ 09/13 CHECK 1038 REF# 519000960077062 7,977.00 DB 09/13 CHECK 1060 REF# 519000960077061 643.00 DB 09/13 CLOSING BALANCE - LEDGER 244,486.43 - FLOAT 0.00 - COLLECTED 244,486.43 _______________________________________________________________________________ 09/14 CHECK 1075 REF# 114200460339092 1,725.15 DB NO. AMER. DIV. CORP. SERV.-NO #1233 P.O. BOX 27128 ACCOUNT NUMBER: 1233-9-36178 CONCORD, CA. 94520 PHONE NUMBER 800-262-2726 0928011010 PAGE 3 OF 5
______________________DETAILED_TRANSACTIONS_BY_POST_DATE__________________________________ POST_DATE________CUSTOMER_REFERENCE_OR_ITEM_DESCRIPTION_____________ _____AMOUNT______ 09/17 CHECK 1042 REF# 981401460210183 1,247.93 DB 09/17 CHECK 1050 REF# 049400660150214 3,636.49 DB 09/17 CHECK 1056 REF# 049400660150215 181.85 DB 09/17 CHECK 1072 REF# 982002560035095 669.60 DB 09/17 CHECK 1076 REF# 982002560033860 5,426.10 DB 09/17 CHECK 1077 REF# 049400660150213 3,636.49 DB 09/17 CHECK 1083 REF# 980501060088312 1,329.80 DB 09/17 CHECK 1088 REF# 983500960154990 1,200.00 DB 09/17 CHECK 1096 REF# 414907660158671 96.76 DB 09/17 CHECK 1098 REF# 982001460028943 3,402.00 DB 09/17 CHECK 1101 REF# 414907360049958 334.33 DB 09/17 CLOSING BALANCE - LEDGER 221,599.93 - FLOAT 0.00 - COLLECTED 221,599.93 __________________________________________________________________________________________ 09/18 CHECK 1085 REF# 983906260044862 4,975.47 DB 09/18 CHECK 1087 REF# 983906260175154 281.64 DB 09/18 CHECK 1099 REF# 986806060278884 154.62 DB 09/21 CLOSING BALANCE - LEDGER 216,188.20 - FLOAT 0.00 - COLLEDTED 216,188.20 __________________________________________________________________________________________ 09/19 WIRE TRANSFER CREDIT REF# 385290370038810 8,000.00 CR MONEY TRANSFER-CALIF TRN: 010919-038810 SENDER REF: NO REF SRC: ACCT ADMIN BENF: ADAPTIVE FROM #11515 (MASTER) BROADBAND CORP-DIP ORIG: ADAPTIVE BROADBAND 09/19 CHECK 1026 REF# 982500260143922 3,795.00 DB 09/19 CHECK 1081 REF# 980500660029106 1,484.02 DB 09/19 CHECK 1086 REF# 981400260163658 204.87 DB 09/19 CHECK 1092 REF# 988506760148246 41.58 DB 09/19 CHECK 1094 REF# 982500660277382 850.00 DB 09/19 CHECK 1104 REF# 986804160199919 581.49 DB 09/19 WIRE TRANSFER DEBIT REF# 385290370038206 8,000.00 DB MONEY TRANSFER-CALIF TRN: 010919-038206 SENDER REF: NO REF SRC: ACCT ADMIN BENF: ADAPTIVE BROADBAND CORP BEIJING OFC ORIG: ADAPTIVE BROADBAND CORP-DIP 09/19 CLOSING BALANCE - LEDGER 209,231.24 - FLOAT 0.00 - COLLECTED 209,231.24 __________________________________________________________________________________________ 09/20 CHECK 1078 REF# 383301460107913 9,010.20 DB 09/20 CHECK 1079 REF# 023501260062124 3,545.15 DB 09/20 CHECK 1084 REF# 988506760042378 4,100.31 DB 09/20 CHECK 1091 REF# 519506360098632 10,748.00 DB
NO. AMER. DIV. CORP. SERV.-NO #1233 P.O. BOX 27128 ACCOUNT NUMBER: 1233-9-36178 CONCORD, CA. 94520 PHONE NUMBER 800-262-2726 0928011010 PAGE 4 OF 5
______________________DETAILED_TRANSACTIONS_BY_POST_DATE__________________________________ POST_DATE________CUSTOMER_REFERENCE_OR_ITEM_DESCRIPTION_____________ _____AMOUNT______ 09/20 CHECK 1093 REF# 982000560090627 459.20 DB 09/20 CHECK 1102 REF# 987006360220424 2,269.59 DB 09/20 CHECK 1103 REF# 987006360220423 1,525.57 DB 09/20 CLOSING BALANCE - LEDGER 177,573.22 - FLOAT 0.00 - COLLECTED 177,573.22 __________________________________________________________________________________________ 09/21 CHECK 1071 REF# 049401360209346 465.80 DB 09/21 CHECK 1090 REF# 988507160187451 53.72 DB 09/21 CLOSING BALANCE - LEDGER 177,053.70 - FLOAT 0.00 - COLLEDTED 177,053.70 __________________________________________________________________________________________ 09/24 CHECK 1082 REF# 981100660165915 1,440.10 DB 09/24 CHECK 1105 REF# 981101060077950 5,940.00 DB 09/24 CHECK 1106 REF# 981401060151115 100,000.00 DB 09/24 CLOSING BALANCE - LEDGER 69,673.60 - FLOAT 0.00 - COLLECTED 69,673.60 __________________________________________________________________________________________ 09/25 WIRE TRANSFER CREDIT REF# 385290370044033 300,000.00 CR MONEY TRANSFER-CALIF TRN: 010925-044033 SENDER REF: NO REF SRC: ACCT ADMIN BENF: ADAPTIVE BROADBAND CORP-DIP ORIG: ADAPTIVE BROADBAND FROM #11516 (MASTER) 09/25 WIRE TRANSFER CREDIT REF# 385290370044039 28,510.76 CR MONEY TRANSFER-CALIF TRN: 010925-044039 SENDER REF: NO REF SRC: ACCT ADMIN BENF: ADAPTIVE BROADBAND CORP-DIP ORIG: ADAPTIVE BROADBAND FROM #11450 (CIGNA) 09/25 CHECK 1111 REF# 982500960244678 59.32 DB 09/25 CHECK 1125 REF# 982000560098394 669.60 DB 09/25 CLOSING BALANCE - LEDGER 397,455.44 - FLOAT 0.00 - COLLECTED 397,455.44 __________________________________________________________________________________________ 09/26 CHECK 1097 REF# 988505060037270 768.73 DB 09/26 CHECK 1107 REF# 414904160179566 30.10 DB 09/26 CHECK 1110 REF# 519506760076060 65,718.00 DB 09/26 CHECK 1119 REF# 982001060249574 1,890.00 DB 09/26 CLOSING BALANCE - LEDGER 329,048.61 - FLOAT 0.00 - COLLECTED 329,048.61 __________________________________________________________________________________________ 09/27 WIRE TRANSFER CREDIT REF# 385290370014722 4,201.01 CR INTL MONEY TFR-CALIF TRN: 010927-014722 SENDER REF: 010927051034 SRC: MTF SFO BENF: BANK OF AMERICA ORIG: ACCOUNT CLOSURE 09/27 CHECK 1108 REF# 987004160245900 1,240.00 DB
NO. AMER. DIV. CORP. SERV.-NO #1233 P.O. BOX 27128 ACCOUNT NUMBER: 1233-9-36178 CONCORD, CA. 94520 PHONE NUMBER 800-262-2726 0928011010 PAGE 5 OF 5 ______________________DETAILED_TRANSACTIONS_BY_POST_DATE________________________ POST_DATE_____CUSTOMER_REFERENCE_OR_ITEM_DESCRIPTION________ ______AMOUNT_____ 09/27 CHECK 1114 REF# 986806460508934 581.49 DB 09/27 CHECK 1123 REF# 982000960383177 64.00 DB 09/27 CHECK 1124 REF# 986805560230326 54.09 DB 09/27 CLOSING BALANCE - LEDGER 331,310.04 - FLOAT 0.00 - COLLECTED 331,310.04 ________________________________________________________________________________ 09/28 DEPOSIT ******** REF# 004101060286119 489.39 CR 0 DAY FLOAT 367.39 1 DAY FLOAT 115.00 2 DAY FLOAT 7.00 09/28 CHECK 1100 REF# 988507260062377 2,125.98 DB 09/28 CHECK 1113 REF# 982500660207419 850.00 DB 09/28 CHECK 1116 REF# 902500660233960 10,248.82 DB 09/28 CHECK 1120 REF# 988506160113415 16.25 DB 09/28 CHECK 1131 REF# 114201360158152 1,725.15 DB 09/28 CLOSING BALANCE - LEDGER 316.833.23 - FLOAT 122.00 - COLLECTED 316,711.23 ________________________________________________________________________________
G/L ACCOUNT: 11515 COLLECTION ACCT ACCOUNT ANALYSIS Old acct 1011-000 ACCOUNT NAME: Master A/C B of A 1233 -8-10046 AS OF: Sep-01 ----------------------------------------------------------------------------------------------------------------------------------- BEG. BAL CASH IN CASH OUT END. BAL ----------------------------------------------------------------------------------------------------------------------------------- BAL PER GL 973,604.04 973,604.04 - 9/4 - Deposits from #8188211959 3,122.21 3,122.21 9/10 - Deposits from xxxxxxxxxx 79.79 79.79 9/12 - Deposits from xxxxxxxxxx 55,012.00 55,012.00 9/13 - Deposits from xxxxxxxxxx 4,054.00 4,054.00 9/14 - Deposits from xxxxxxxxxx 34.00 34.00 9/19 - Deposits from #1233333385 148,325.00 148,328.00 9/19 - Wire Out to DIP Account (8,000.00) (8,000.00) 9/25 - Analysis Charge August Billing for PARENT (3,272.91) (3,272.90) 9/25 - Wire Out to DIP Account (300,000.00) (300,000.00) 9/27 - Transfer from MERRILL LYNCH 9,868,000.00 9,868,000.00 UNRECONCILE ITEM - - ADJ BAL PER GL 973,604.04 10,078,630.00 (311,272.90) 10,740,961.14 =================================================================================================================================== BAL PER BANK - 10,389,902.90 (10,389,902.90) - - - - ENDING BANK BAL - 10,389,902.90 (10,389,902.90) - - NATION FUNDS INVESTMENT (973,604.04) (10,078,630.00) 311,272.90 (10,740,961.14) - - ADJ BAL PER BANK (973,604.04) 311,272.90 (10,078,630.00) (10,740,961.14) -----------------------------------------------------------------------------------------------------------------------------------
NO. AMER. DIV. CORP. SERV.-NO #1233 P.O. BOX 27128 ACCOUNT NUMBER: 1233-8-10046 CONCORD, CA. 94520 ACCOUNT TYPE: CORPORATE CHECKING ACCOUNT IPO LAST STATEMENT 08/31/01 FOR STATEMENT INQUIRIES CALL 900-262-2726 THIS STATEMENT 09/28/01 0928011010-C ADAPTIVE BROADBAND PAGE 1 OF 3 E0 ATTN: DIRECTOR OF TREASURY ENCLOSURES 0 1143 BORREGAS AVE SUNNYVALE CA 94089 ____________________STATEMENT CYCLE SUMMARY__________________________ 09/04/01 OPENING LEDGER BALANCE 0.00 1 WIRE TRANSFER CREDIT(S) 9,868,000.00 6 COLLECTION/DISB TRF CREDIT(S) 210,630.00 2 MISC CREDIT(S) 311,272.90 TOTAL CREDITS 10,389,902.90 1 ELECTRONIC DEBIT(S) 3,272.90 2 WIRE TRANSFER DEBIT(S) 308,000.00 7 MISC DEBIT(S) 10,078,630.00 TOTAL DEBITS 10,389,902.90 09/28/01 CLOSING LEDGER BALANCE 0.00 _____________________________________________________________________ ______________________DETAILED_TRANSACTIONS_BY_POST_DATE________________________ 09/04 OPENING BALANCE - LEDGER 0.00 ________________________________________________________________________________ POST_DATE_____CUSTOMER_REFERENCE_OR_ITEM_DESCRIPTION________ ______AMOUNT_____ 09/04 COLLECTION/DISB TRF REF# 000008188119592 3,122.21 CR (L) SAME-CENTER FROM 8188-2-11959 09/04 FUNDSWEEP PURCHASE REF# 000000000000086 3,122.21 DB FUNDSWEEP PURCHASE 09/04 CLOSING BALANCE - LEDGER 0.00 ________________________________________________________________________________ 09/05 CLOSING BALANCE - LEDGER 0.00 ________________________________________________________________________________ 09/06 CLOSING BALANCE - LEDGER 0.00 ________________________________________________________________________________ 09/07 CLOSING BALANCE - LEDGER 0.00 ________________________________________________________________________________ 09/10 COLLECTION/DISB TRF REF# 000001233257706 79.79 CR (C) SAME-CENTER FROM 1233-6-25770 09/10 FUNDSWEEP PURCHASE REF# 000000000000079 79.79 DB FUNDSWEEP PURCHASE 09/10 CLOSING BALANCE - LEDGER 0.00 ________________________________________________________________________________ NO. AMER. DIV. CORP. SERV.-NO #1233 P.O. BOX 27128 ACCOUNT NUMBER: 1233-8-10046 CONCORD, CA. 94520 PHONE NUMBER 800-262-2726 0928011010 PAGE 2 OF 3 DETAILED TRANSACTIONS BY POST DATE -------------------------------------------------------------------------------- POST DATE CUSTOMER REFERENCE OR ITEM DESCRIPTION AMOUNT --------- -------------------------------------- ------------ 09/11 CLOSING BALANCE - LEDGER 0.00 -------------------------------------------------------------------------------- 09/12 COLLECTION/DISB TRF REF# 000001233257706 55,012.00 CR (C) SAME CENTER FROM 1233-6-25770 09/12 FUNDSWEEP PURCHASE REF# 000000000000081 55,012.00 DB FUNDSWEEP PURCHASE 09/12 CLOSING BALANCE - LEDGER 0.00 -------------------------------------------------------------------------------- 09/13 COLLECTION/DISB TRF REF# 000001233257706 4,054.00 CR (C) SAME-CENTER FROM 1233-6-25770 09/13 FUNDSWEEP PURCHASE REF# 000000000000071 4,054.00 DB FUNDSWEEP PURCHASE 09/13 CLOSING BALANCE - LEDGER 0.00 -------------------------------------------------------------------------------- 09/14 COLLECTION/DISB TRF REF# 000001233257706 34.00 CR (C) SAME CENTER FROM 1233-6-25770 09/14 FUNDSWEEP PURCHASE REF# 000000000000075 34.00 DB FUNDSWEEP PURCHASE 09/14 CLOSING BALANCE - LEDGER 0.00 -------------------------------------------------------------------------------- 09/17 CLOSING BALANCE - LEDGER 0.00 -------------------------------------------------------------------------------- 09/18 COLLECTION/DISB TRF REF# 000001233333853 148,328.00 CR (L) SAME CENTER FROM 1233-6-33385 09/18 FUNDSWEEP PURCHASE REF# 000000000000069 148,328.00 DB FUNDSWEEP PURCHASE 09/18 CLOSING BALANCE - LEDGER 0.00 -------------------------------------------------------------------------------- 09/19 FUNDSWEEP REDEMPTION REF# 000000000000084 8,000.00 CR FUNDSWEEP REDEMPTION 09/19 WIRE TRANSFER DEBIT REF# 385290370038810 8,000.00 DB MONEY TRANSFER-CALIF TRN: 010919-038810 SENDER REF: NO REF SRC: ACCT ADMIN BENF: ADAPTIVE BROADBAND CORP-DIP ORIG: ADAPTIVE BROADBAND TO DIP ACCT. 09/19 CLOSING BALANCE - LEDGER 0.00 -------------------------------------------------------------------------------- 09/20 CLOSING BALANCE - LEDGER 0.00 -------------------------------------------------------------------------------- 09/21 CLOSING BALANCE - LEDGER 0.00 -------------------------------------------------------------------------------- 09/24 CLOSING BALANCE - LEDGER 0.00 -------------------------------------------------------------------------------- NO. AMER. DIV. CORP. SERV.-NO #1233 P.O. BOX 27128 ACCOUNT NUMBER: 1233-8-10046 CONCORD, CA. 94520 PHONE NUMBER 800-262-2726 0928011010 PAGE 3 OF 3 DETAILED TRANSACTIONS BY POST DATE -------------------------------------------------------------------------------- POST DATE CUSTOMER REFERENCE OR ITEM DESCRIPTION AMOUNT --------- -------------------------------------- ------------ 09/25 FUNDSWEEP REDEMPTION REF# 000000000000090 303,272.90 CR FUNDSWEEP REDEMPTION 09/25 ELECTRONIC DEBIT REF# 368890000028694 3,272.90 DB ANALYSIS CHARGE AUGUST BILLING FOR PARENT 01129-99999 09/25 WIRE TRANSFER DEBIT REF# 385290370044033 300,000.00 DB MONEY TRANSFER-CALIF TRN: 010925-044033 SENDER REF: NO REF SRC: ACCT ADMIN BENF: ADAPTIVE BROADBAND CORP-DIP ORIG: ADAPTIVE BROADBAND TO DIP ACCT. 09/25 CLOSING BALANCE - LEDGER 0.00 -------------------------------------------------------------------------------- 09/26 CLOSING BALANCE - LEDGER 0.00 -------------------------------------------------------------------------------- 09/27 WIRE TRANSFER CREDIT REF# 385290370015554 9,868,000.00 CR MONEY TRANSFER-CALIF TRN: 010927-015554 SENDER REF: 010927009345 SRC: FEDWIRE BENF: ADAPTIVE BROADBAND ORIG: ADAPTIVE BROADBAND 09/27 FUNDSWEEP PURCHASE REF# 000000000000079 9,868,000.00 DB FUNDSWEEP PURCHASE 09/27 CLOSING BALANCE - LEDGER 0.00 -------------------------------------------------------------------------------- 09/28 CLOSING BALANCE - LEDGER 0.00 --------------------------------------------------------------------------------
Adaptive Broadband - US Ops Account Analysis Report Report Date: 04-OCT-2001 11:34 Entry Item Page: 1 of 1 Period: Sep-01 To Sep-01 Currency: USD Accounts From: 100.000.00.0000.11515.0000.000.0000 To: 100.999.99.9999.11515.9999.999.9999 Balance Type: Actual Period: Sep-01 Source Category Batch Name JE Name Accounting Flexfield Description Entry Item Debits Credits ------ -------- ---------- ------- -------------------- ---------------------- ------ ------- Total for Period: Sep-01 Beginning Balance: 973,604.04 DR Ending Balance: 973,604.04 DR
G/L ACCOUNT: 11925 ACCOUNT ANALYSIS ACCOUNT NAME: Investments-Merrill Lynch PREPARED BY: CECILIA S. LIRIO AS OF: September-01
BEG. BAL CASH IN CASH OUT END. BAL ------------- ---------- ------------- ------------- BAL per GL 19,003,036.93 -- 19,003,036.93 -- 8/31-Earnings/Dividend 29,794.35 29,794.35 9/30-Earnings/Dividend 52,218.37 52,218.37 9/27-Transfer to MASTER Account (9,868,000.00) (9,868,000.00) 9/13-From UNION (restricted cash) 835,173.72 835,173.72 -- -- Unreconciled Item -- ---------------------------------------------------------- ENDING GL ADJ 19,003,036.93 917,186.44 (9,868,000.00) 10,052,223.37 ========================================================== PER BANK 19,003,036.86 917,186.44 (9,868,000.00) 10,052,223.30 -- -- -- -- -- -- ---------------------------------------------------------- ENDING BANK BALANCE 19,003,036.86 917,186.44 (9,868,000.00) 10,052,223.30 ==========================================================
LOOKUP: SHAREOWNER HISTORY FUNC VH FUND 000318 QUAL 3251209 SFFX -- (0000318-00003251209/0) ----------------------------------------------------- TRANS CONFIRM TRADE PRICE AMOUNT / SHARES BCH/TOT SH DC C P 62 09/30/01 09/30/01 1.0000 52,218.37 9999888 00 N 011-000/+/PM DIV REINVEST 52,218.3700 10,052,223.3000 61 09/27/01 09/27/01 1.0000 9,868,000.00 998 00 N 024-007/-/AM SAME DAY WIRE REDEMPTION 9,868,000.0000 10,000,004.9300 60 09/13/01 09/13/01 1.0000 835,173.72 7000 00 N 001-001/+/PM SHARES PURCHASED BY WIRE 835,173.7200 19,868,004.9300 59 08/31/01 08/31/01 1.0000 29,794.35 9999888 00 N 011-000/+/PM DIV REINVEST 29,794.3500 19,032,831.2100 58 08/30/01 08/30/01 1.0000 10,121,694.78 6460 00 N 001-001/+/PM SHARES PURCHASED BY WIRE 10,121,694.7800 19,003,036.8600 57 07/31/01 07/31/01 1.0000 27,140.94 9999888 00 N 011-000/+/PM DIV REINVEST 27,140.9400 8,881,342.0800
Adaptive Broadband - US Ops Account Analysis Report Report Date: 04-OCT-2001 11:32 Entry Item Page: 1 of 1 Period: Sep-01 To Sep-01 Currency: USD Accounts From: 100.000.00.0000.11925.0000.000.0000 to: 100.999.99.9999.11925.9999.999.9999 Balance Type: Actual Period: Sep-01 Price Category Batch Name JE Name Accounting Flexfield Description Entry Item Debits Credits ----- -------- ---------- ------- ------------------- ----------- ---------- --------------- ------------ --------------- ------------ Total for Period: Sep-01 Beginning Balance: 19,003,036.93 DR Ending Balance: 19,003,036.93 DR
G/L ACCOUNT: 11930 ACCOUNT ANALYSIS ACCOUNT NAME: UBOC LC Restricted Cash PREPARED BY: CECILIA S. LIRIO AS OF: September-01
BEG. BAL CASH IN CASH OUT END. BAL BAL per GL 2,221,406.26 -- -- 2,221,406.26 -- 9/13-Invested to MERRIL LYNCH (835,173.72) (835,173.72) -- Accrued Interest 3,018.28 3,018.28 Accrued Interest (prior) 3,803.29 3,803.29 -- -- Unreconciled item -- ----------------------------------------------------------------- ENDING GL ADJ 2,221,406.26 6,821.57 (835.173.72) 1,393,054.11 ================================================================= PER BANK 2,221,406.26 2,221,406.26 -- 9/13-Invested to MERRIL LYNCH (835,173.72) (835,173.72) Accrued Interest 3,018.28 3,018.28 Accrued Interest (prior) 3,803.29 3,803.29 -- -- ----------------------------------------------------------------- ENDING BANK BALANCE 2,221,406.26 6,821.57 (835.173.72) 1,393,054.11 =================================================================
TCD ACCOUNT INFORMATION SCREEN BRN ACCT LOCN 645 6459018252 0000000 SHORT NAME ADAPTIVBROAC ACCT TYPE LARGE TIME DEPOSIT-E CURR BALANCE 1393054.11 RATE TYPE AND CODE F 679 CURR REDEMPT 1393054.11 INTEREST RATE 3.25000 FEE TYPE EARLY WITHDRAWAL ANNUAL PERCENTAGE YIELD 3.30 AVAIL INTEREST .00 ACCT STATUS FROZEN TERM INTEREST .00 IRA STATUS T C D YTD INTEREST .00 INTEREST TYPE D ACCRUED INTEREST 3018.2839107 INTEREST DISP TRANSFER TO 6450148642 WITHHOLDING AMT DUE .00 ACCRUAL CODE 0 PAY CYCLE - DATE AM RENEWAL CODE NON-RENEWABLE LAST INTEREST DATE 09/10/2001 TERM TYPE AND PERIOD D 030 LAST MAINT DATE 09/12/2001 OPENING AMOUNT 1393054.11 LAST POSTING DATE 09/10/2001 LAST RENEWAL AMOUNT 1393054.11 OPENING DATE 09/10/2001 HOLD RELEASE DATE 12/31/2027 LAST RENEWAL DATE 09/10/2001 HOLD $ AMOUNT 1393054.11 MATURITY DATE 10/10/2001 FRB CODE 6100 LAST CUSTOMER CONTACT DT 09/10/2001 CAUTION MESSAGES AFS LOAN 8200335125 INF1 TCD 6459018252 -------------------------------------------------------------------------------- : 010930 (BALANCE): 22,626.20 -------------------------------------------------------------------------------- 2001041300 BANK OF CHINA (STATEMENT LIST) BANK OF CHINA (ACCOUNT NAME): ADAPTIVE BROADBAND CORPORATION BEIJING REPRESENTATIVE OFFICE HEAD OFFICE BEIJING CHINA (NEW ACCOUNT NO): 00200008093014 (OLD ACCOUNT NO): 81201400021594 -------------------------------------------------------------------------------- (CURRENCY):USD (LAST BALANCE): 28,330.02 -------------------------------------------------------------------------------- (PARTICULARS) (VAL) (VCH NO) (DEBIT/CREDIT) -------------------------------------------------------------------------------- 20010905 0000592656__TO __A/C 20010905 1108001401 5,000.00- 20010907 0000592660__TO __A/C 20010907 1108003001 16,000.00- 20010907 0000592661__FOREIGN__ 20010907 1804002636 2,000.00- 20010920 TTIR10082241/ 20010920 L216011904 7,988.00 20010924 0000592662__TO __A/C 20010924 1108000701 3,000.00- 20010928 0000592663__TO __A/C 20010928 1114000901 3,000.00- -------------------------------------------------------------------------------- : 010930 (BALANCE): 7,318.02 -------------------------------------------------------------------------------- 2001041300 BANK OF CHINA (STATEMENT LIST)
BANK OF CHINA HEAD OFFICE (ACCOUNT NAME): ADAPTIVE BROADBAND CORPORATION BEIJING REPRESENTATIVE OFFICE BEIJING CHINA (NEW ACCOUNT NO): 00200008093001 (OLD ACCOUNT NO): 81200100017837 ------------------------------------------------------------------------------------------- (CURRENCY): CNY (LAST BALANCE): 18,182.01 ------------------------------------------------------------------------------------------- (PARTICULARS) (VAL) (VCH NO) (DEBIT/CREDIT) ------------------------------------------------------------------------------------------- 20010903 PHONE - 20010903 1119002602 250.32- 20010903 PHONE - 20010903 1119002717 221.22- 20010904 PHONE - 20010904 1119002111 1,554.43- 20010904 PHONE - 20010904 1119000518 1,531.00- 20010904 PHONE - 20010904 1119002014 1,096.57- 20010905 0000129530_TO_A/C 20010905 1108003408 10,823.20- 20010905 PHONE - 20010905 1119002604 673.17- 20010905 FROM_A/C 20010905 1108001404 41,322.00 20010907 0000129531_TO_A/C 20010907 1108004010 40,031.54- 20010907 0000129534_CASH 20010907 1804002638 30,000.00- 20010907 0000129535_TO_A/C 20010907 1108004011 30,000.00- 20010907 0000129533_TO_A/C 20010907 1108004008 18,403.54- 20010907 0000129529_CASH 20010907 1804002642 4,997.00- 20010907 0000129527_CASH 20010907 1804002640 4,828.24- 20010907 0000129532_TO_A/C 20010907 1108004009 4,469.53- 20010907 FROM_A/C 20010907 1108003004 132,230.40- 20010911 0000129536_TO_A/C 20010911 1106002303 12,800.00- 20010912 04 20010912 1106001210 429.00- 20010913 0000129537_TO_A/C 20010913 1106001801 1,437.66- 20010914 0000129539_TO_A/C 20010914 1109000401 648.00- ------------------------------------------------------------------------------------------- 010930 (BALANCE): 27,539.99 Converted to USD: $ 3,327.41 -------------------------------------------------------------------------------------------
2001041300 BANK OF CHINA (STATEMENT LIST)
BANK OF CHINA HEAD OFFICE (ACCOUNT NAME): ADAPTIVE BROADBAND CORPORATION BEIJING REPRESENTATIVE OFFICE BEIJING CHINA (NEW ACCOUNT NO): 00200008093001 (OLD ACCOUNT NO): 81200100017837 ------------------------------------------------------------------------------------------- (CURRENCY): CNY (LAST BALANCE): 27,539.99 ------------------------------------------------------------------------------------------- (PARTICULARS) (VAL) (VCH NO) (DEBIT/CREDIT) ------------------------------------------------------------------------------------------- 20010914 04 20010914 1109001307 46.00- 20010920 0000129538_TO_A/C 20010920 1115001207 1,000.00- 20010924 T100A0002062/00129540 20010924 N167002401 10,790.00- 20010924 FROM_A/C 20010924 1108000704 24,792.90 20010925 TELEX 20010925 1109000501 171.59- 20010925 TELEX 20010925 1109000207 0.08- 20010927 0000129541_CASH 20010927 1803003101 25,743.52- 20010927 0000129544_TO_A/C 20010927 1114002309 8,349.00- 20010927 CASH 20010927 1803003001 2,120.00- 20010928 0000129547_CASH 20010928 1804000603 3,025.00- 20010928 0000129545_CASH 20010928 1804000605 3,025.00- 20010928 0000129548_CASH 20010928 1804000607 2,120.00- 20010928 0000129546_CASH 20010928 1804000601 1,150.00- 20010928 FROM_A/C 20010928 1114000904 24,793.50- 20010929 0000129542_TO_A/C 20010929 1115001316 1,200.00-