EX-99.3 5 ex99-3.htm Exhibit 99.3

In re  Farmland Pipe Line, Inc.

 Case No. 02-50565

         A Missouri Corporation

 

 

 

 

 

 

 

 

 

 

 

MONTHLY OPERATING REPORT SUMMARY

 

FOR THE MONTH OF OCTOBER, 2003

REVENUE

Gross Income

 $                   -   

Less Cost of Goods Sold

 $       (50,274.97)

Materials

 $                   -   

Direct Labor

 $                   -   

Overhead

 $       (50,274.97)

Gross Profit

 $        50,274.97 

OPERATING EXPENSES

Owner/Officer-Draws/Salaries

 $                   -   

Other Employee Salaries

 $                   -   

Advertising and Marketing

 $                   -   

Insurance

 $                   -   

Payroll Taxes

 $                   -   

Lease and Rent

 $                   -   

Telephone and Utlities

 $                   -   

Attorney and other Professional Fees

 $                   -   

UST Quarterly Fees

 $          3,750.00 

Other Expenses-includes income tax expense and other income

 $        20,109.99

Total Operating Expenses

 $        23,859.99 

Net Income (Loss)

 $        26,414.98 

CURRENT ASSETS

Accounts Receivable at end of month

 $      239,849.88 

Increase (Decrease) in AR for month

 $       (71,600.84)

Inventory at end of month

 $                   -   

Increase (Decrease) in Inventory for month

 $                   -   

Cash at end of the month

 $                   -   

Increase (Decrease) in Cash for month

 $                   -   

LIABILITIES

Increase (Decrease) in pre-petition debt

 $                   -   

Increase (Decrease) in post-petition debt

 $       (33,590.64)

Taxes Payable:

Federal Payroll Taxes

 $                   -   

State Payroll Taxes

 $                   -   

Local Payroll Taxes

 $                   -   

State Sales Taxes

 $                   -   

Real Estate and Personal

 $                   -   

Property Taxes

 $                   -   

Other (footnote)

 $     (180,931.05)

Total Taxes Payable

 $     (180,931.05)

Footnote:

Fed Income Tax (Pre)

 $                   -   

Fed Income Tax (Post)

 $     (180,931.05)