EX-99.1 2 mm02-1712_8ke991.htm EX.99.1 - JANUARY 2012 MONTHLY OPERATING REPORT mm02-1712_8ke991.htm
EXHIBIT 99.1

 
UNITED STATES BANKRUPTCY COURT
DISTRICT OF DELAWARE
 
In re:  TSIC, Inc. f/k/a Sharper Image Corporation
 
Case No. 08-10322 (KG)
Reporting Period: 1/1/2012 – 1/31/2012

 
MONTHLY OPERATING REPORT
 
REQUIRED DOCUMENTS
Form No.
Document Attached
Explanation Attached
Schedule of Cash Receipts and Disbursements
MOR-1
Yes
 
     Bank Reconciliation (or copies of
     debtor’s bank reconciliations)
MOR-1a
Refer  to attached statement
 
     Schedule of Professional Fees Paid
MOR-1b
Yes
 
     Copies of Bank Statements
MOR-1c
Refer to attached statement
 
     Cash Disbursements Journals
MOR-1d
 
Refer to MOR-1 for a summary of all cash disbursements.
Statements of Operations
MOR-2
Yes
 
Balance Sheet
MOR-3
Yes
 
Status of Postpetition Taxes
MOR-4
Yes
The attached information includes a summary of the company’s payroll taxes withheld and remitted for the month of January.  The summary was provided by a third party payroll processing company.
Summary of Unpaid Postpetition Debts
MOR-5
Yes
 
     Copies of IRS Form 6123 or payment receipt
MOR-5a
Yes
Refer to payroll taxes reports provided by third party.
     Copies of tax returns filed during reporting period
MOR-5b
No
 
     Listing of aged accounts payable
MOR-5c
Yes
 
Accounts Receivable Reconciliation and Aging
MOR-6
Yes
 
Debtor Questionnaire
MOR-6
Yes
 

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/ Kevin J Palmer
 
February 16, 2012
Signature of Authorized Individual
 
Date
     
     
Kevin J Palmer
 
February 16, 2012
Printed Name of Authorized Individual
 
Date
 





FORM MOR
(04/07)
 
 

 

UNITED STATES BANKRUPTCY COURT
DISTRICT OF DELAWARE
Monthly Operating Report – January 2012
MOR – 1a, 1c, 5b

Bank Reconciliations

I attest that each of the debtor’s bank accounts is reconciled to monthly bank statements.  The Company’s standard practice is to ensure that each bank account is reconciled to monthly bank statements for each calendar month within 30 days after the quarter end.



Sales and Use Tax Returns

I attest that all sales and use tax returns have been filed in accordance with state / county / city requirements for the above period. Any payments remitted have been incorporated into the Schedule of Cash Receipts and Disbursements at MOR-1.



__/s/ Kevin J Palmer_______________________
Kevin J Palmer
Vice President Finance & Controller
TSIC, Inc. f/k/a Sharper Image Corporation
 
 
 
 

 
 

 

MOR - 1
 
TSIC, Inc. f/k/a Sharper Image Corporation
Case No 08-10322 (KG)
January 2012 Monthly Operating Report
Reporting Period 1/1/2012 - 1/31/2012
Schedule of Cash Receipts and Disbursements for period 1/1/2012 to 1/31/2012
 


Account
Deposit
Disbursement
Disbursement
Concentration
Payroll
Payroll
Refund
Stores
All Other
 
DIP Facility
Disbursements
Bank
Wells Fargo
Wells Fargo
Wells Fargo
Wells Fargo
Wells Fargo
Wells Fargo
Wells Fargo
Various
Incl Sweep, Petty cash etc
Totals - Cash
Wells Fargo
Grand Total
GL A/c
140110
140120
140121
140100
140140
140122
140130
140210
   
276010
 
Bank A/c #
 412-1375620
96-000-80161
412-1335681
 412-1335681
96-000-80176
412-1335681
96-000-80195
         
                         
Opening Balance
-
-
(6,946)
 250
 -
 (74,943)
 -
 -
 2,179,286
 2,097,647
 -
 
                         
Receipts
                       
                         
Cash Sales (from stores)
                 
-
   
Credit Card Settlements
                 
-
   
Other Settlements (Paypal, Google etc)
                 
-
   
Accounts Receivable (net of bounced checks)
                 
-
   
Sale of Assets
                 
-
   
Interest / Dividend Income
     
 189
         
 189
   
Tax Refunds Received
                 
-
   
Collections from Vendors (debit balances, refunds, returned deposits, preference actions etc)
                 
-
   
Mail Order / License deposits, Other Deposits / Stale checks
 249
               
 249
   
                         
Total Receipts
 249
-
-
 189
 -
 -
 -
 -
 -
 439
 -
 
                         
Transfers
                       
                         
Line of Credit Draw / Pay down
                 
-
 -
 
Transfers from stores to deposit a/c - sweep
                 
-
   
Transfers from concentration to refunds
                 
-
   
Transfers from concentration to payroll
                 
-
   
Other Inter-account transfers
(249)
   
 78,680
       
 (78,431)
 0
   
Transfers from Concentration to Disbursement
   
 57,642
 (57,642)
         
-
   
                         
Total Transfers
(249)
-
 57,642
 21,038
 -
 -
 -
 -
 (78,431)
 0
 -
 
                         
Total Receipts & Transfers
-
-
 57,642
 21,228
 -
 -
 -
 -
 (78,431)
 439
 -
 
                         
Disbursements (Reimbursements)
                       
                         
Liquidator Reimbursements (proceeds) - incl true up adjustments
                 
-
 
 N/A
Net Payroll
     
 7,953
         
 7,953
 
7,953
Payroll Taxes
     
 6,471
         
 6,471
 
6,471
401k
                 
-
 
 -
Employee Benefits (Health Insurance)
                 
-
 
 -
Sales, Use & Other Taxes
                 
-
 
 -
Inventory Purchases
                 
-
 
 -
Secured / Rental / Leases
   
 10,874
           
 10,874
 
 10,874
Insurance
   
 27,908
           
 27,908
 
 27,908
Administrative (utilities etc)
   
 6,315
 257
         
 6,571
 
6,571
Selling
                 
-
 
 -
Bank / Credit Card Fees / Sales audit adjs
     
 6,797
         
 6,797
 
6,797
Refund checks issued (net of stop payments)
                 
-
 
 -
Other (incl prior period true up / reconciling journal entries)
                 
-
 
 -
Customs / Duties / Freight
                 
-
 
 -
Interest and LC fees
                 
-
 
 -
Professional Fees
   
 11,331
           
 11,331
 
 11,331
Court Approved Settlements and claim payments
                 
-
 
 -
US Trustee Quarterly Fees
   
 975
           
 975
 
 975
Court Costs
                 
-
 
 -
                         
Total Disbursements
-
-
 57,402
 21,478
 -
 -
 -
 -
 -
 78,880
 -
 78,880
                         
Net Cash Flow
-
-
 240
(250)
 -
 -
 -
 -
 (78,431)
 (78,441)
 -
 
                         
Cash - End of Month
-
-
(6,706)
(0)
 -
 (74,943)
 -
 -
 2,100,855
 2,019,206
 -
 



 
 

 
 
 
MOR - 1b
 
TSIC, Inc. f/k/a Sharper Image Corporation
Case No 08-10322 (KG)
January 2012 Monthly Operating Report
Reporting Period 1/1/2012 - 1/31/2012
Schedule of Professional Fees Paid
 
 
This schedule contains all retained / ordinary course professional payments from case inception to current month.

             
Amount Paid Current Mth
   
Year (Case) to Date
 
Payee
Period Covered
 
Chk Number
 
Chk Date
 
Fees
   
Expenses
   
Fees
   
Expenses
 
                                   
Conway del Genio
                          1,740,000       227,303  
Kurtzman Carson Consultants
    700761  
1/4/2012
    4,886       6,445       871,127       675,864  
Bell, Boyd & Lloyd LLP
                              54,626       209  
Jackson Lewis LLP
                              22,726       1,242  
Wiley Rein LLP
                              3,457       300  
RCS Real Estate
                              50,000       -  
Gemini
                              45,000       250  
Cooley Godward Kronish LLP
                              1,219,735       30,317  
Loughlin Meghji & Co.
                              352,742       823  
Weil, Gotshal & Manges LLP
                              2,695,726       191,687  
Winston Stawn
                              10,333       817  
Womble Carlyle Sandridge & Rice
                              314,498       17,478  
Comyns Smith (tax return preparation)
                              142,786       1,349  
BDO Siedman (401 (k) auditor)
                              29,199       -  
Brann & Isaacson
                              4,499       -  
Alain Chappel (Privacy Ombudsperson)
                              18,900       300  
KPMG
                              2,775       -  
Whiteford Taylor Preston
                              21,635       3,516  
Blumling & Gumsky
                              9,812       117  
Hilco Real Estate
                              25,640       2,873  
DJM Real Estate
                              25,639       15,863  
                                           
         
Grand Total
    4,886       6,445       7,660,855       1,170,308  
 
 
 
 
 

 
 
 

MOR - 2
Case No 08-10322 (KG)
TSIC, Inc. f/k/a Sharper Image Corporation
Reporting Period 1/1/2012 - 1/31/2012
January 2012 Monthly Operating Report
 
Statement of Operations for the period 1/1/2012 through 1/31/2012
 
 

     
Full Month
   
CUM FILING
 
 
DESCRIPTION
 
1/31/2012
   
TO DATE
 
               
 
Revenues:
           
 
Gross Revenues
          97,444,531  
 
Less: Returns and Allowances
          4,968,600  
 
Net Revenue
    -       92,475,931  
                   
 
Cost of Goods Sold:
               
 
Cost of Goods Sold - Inventory (incl inventory writedowns, shrink)
    (231 )     95,061,785  
 
Gross Profit
    231       (2,585,854 )
                   
 
Operating Expenses:
               
 
Advertising
            1,099,328  
 
Auto and Truck Expense
            90  
 
Bad Debts
            3,417,758  
 
Contributions
            -  
 
Employee Benefit Programs
            (254,902 )
 
Insider Compensations
            80,000  
 
Insurance
    7,150       1,726,519  
 
Management Fees/ Bonuses
            875,015  
 
Office Expense
            1,000  
 
Pension & Profit-Sharing Plans
            -  
 
Repairs and Maintenance
            1,082,977  
 
Rent and Lease Expense
    10,874       12,660,838  
 
Salaries/ Commissions/ Fees
    12,910       14,149,165  
 
Supplies
            (4,279 )
 
Taxes- Payroll
    1,514       1,121,468  
 
Taxes- Real Estate
            (194 )
 
Taxes- Other
            1,123,767  
 
Travel and Entertainment
            241,885  
 
Utilities
    1,554       620,655  
 
Other (attach schedule)
    7,304       8,550,359  
                   
 
Total Operating Exps Before Depr
    41,305       46,491,450  
                   
 
Depreciation/Depletion/Amortization
            3,136,341  
                   
 
Net Profit (Loss)
               
 
  Before Other Income & Expenses
    (41,074 )     (52,213,646 )
                   
 
Other Income and Expenses:
               
 
Licensing Income
            1,287,964  
 
Interest Income (Expense) - incl change in Deferred Comp balance
    189       (684,243 )
 
Other Income (Expense)
    18       3,872,367  
                   
 
Net Profit (Loss)
    (40,866 )     (47,737,557 )
 
  Before Reorganization Items
               
                   
 
Reorganization Items:
               
 
Professional Fees
    30,975       12,349,469  
 
US Trustee Quarterly Fees
            85,900  
 
Interest Earned on Accm Case
            -  
 
Loss (Gain) from sale of assets
            59,041,448  
 
Other Reorganization Exps (see attached)
    -       (67,702,428 )
                   
 
Total Reorganization Expenses
    30,975       3,774,388  
                   
 
Net Profit (Loss)
               
 
  Before Income Taxes (Benefit)
    (71,841 )     (51,511,945 )
                   
 
Income Taxes (Benefit)
            (19,857,778 )
                   
 
Net Profit (Loss)
    (71,841 )     (31,654,167 )
 
 
 
 
Monthly P&L may include current month expenses plus monthly / quarterly
true ups, reconciling items or invoices/credits originating from prior periods
 
 
 
 

 
 

 

MOR - 2 (cont'd)
TSIC, Inc. f/k/a Sharper Image Corporation
OTHER EXPENSES
FOR THE PERIOD ENDING: 1/31/2012


     
1/31/2012
   
Cum Filing to date
 
 
DESCRIPTION
           
               
 
Stock option 123R
          75,439  
 
Relocation
          302,024  
 
Recruiting and Class Ads
          7,349  
 
Temporary Help
          101,361  
                 
 
Total- Personnel
    -       486,173  
                   
 
Security
            47,143  
 
Telephone
            841,121  
                   
 
Total- Occupancy
    -       888,264  
                   
 
Credit Card Fees, chargebacks, bounced checks
            856,955  
 
Delivery Income
            (915,380 )
 
Delivery Expense
    250       1,303,807  
 
Freight Out
            1,731,105  
 
Professional Fees
            570,581  
 
Financial Reporting
            30,787  
 
Postage & Other Freight
            217,067  
 
Internet Site Maintenance
            414,062  
 
Product Development
            26,210  
 
Telemrkt Contract Svcs
            478,685  
 
Miscellaneous Expense
    7,054       2,461,578  
                   
 
Total- Other
    7,304       7,175,457  
                   
                   
 
Total
    7,304       8,549,894  
                   
 
Other Reorganization Expenses
               
                   
 
Write off prepaids / accruals
            48,909  
 
Write off "work in progress" fixed assets
            3,053,199  
 
Adjustment to reserve for sales returns
            (13,913,495 )
 
Adjustment / writeoff of GAAP Rent and deferred landlord allowances
            (21,901,381 )
 
Proceeds from sale of leases
            (3,612,092 )
 
Clear prior quarter revenue recognition adjustments
            (665,891 )
 
Net gain on sale of paper inventory
            (60,608 )
 
Loss on sale or disposal of Inventory
            249,335  
 
Closed Store Operating Expenses not reimbursed by liquidator (note 1)
            2,627,981  
 
Settlement Discounts Allowed - Accounts Receivable
            349,723  
 
Proceeds from sale of Intellectual Property - per Asset Purchase Agreement
            (32,200,000 )
 
Settlement Discounts Received - Accounts Payable
            (1,766,482 )
                   
 
Stalking Horse Expenses
            88,375  
                   
                (67,702,428 )
 

 
* - Professional fees in "other expenses" exclude expenses
 
related to Chapter 11 filing which are reported as a separate
 
line item on Statement of Operations
   
 
Note 1 - Per Agency agreement, some operating expenses were capped or on a per diem basis. Specifically, for all closed stores, a full month of rent
 
was paid pursuant to bankruptcy regulations but company was reimbursed by agent only for the days that the store was open.
 
 

 
 

 

MOR - 3
 
TSIC, Inc. f/k/a Sharper Image Corporation
Case No 08-10322 (KG)
January 2012 Monthly Operating Report
Reporting Period 1/1/2012 - 1/31/2012
Balance Sheet as at January 31, 2012
 
 

   
Book Value
 
 
DESCRIPTION
1/31/2012
 
       
 
Current Assets:
   
 
Unrestricted Cash and Equivalents
  2,019,206  
 
Restricted Cash and Equivalents
     
 
Trade Accounts Receivable (Net)
  134,444  
 
Other Accounts Receivable (Credit cards etc)
  -  
 
Other Accounts Receivable (Subject to set-off against AP and accrued liabilities)
 
 
Notes Receivable
     
 
Inventories (net of allowances and reserves)
  -  
 
Prepaid Expenses (Subject to final reconciliation and offset)
  270,304  
 
Professional Retainers
  -  
 
Deferred Income Taxes / Prepaid Income Taxes
  73,502  
 
Debit balances in AP (net of reserves)
  352,837  
         
 
Total- Current Assets
  2,850,293  
         
 
Property and Equipment:
     
 
Real Property and Improvements
  -  
 
Machinery and Equipment
  -  
 
Furniture, Fixtures and Office Equipment
  -  
 
Leasehold Improvements
  -  
 
Vehicles
  -  
 
Work In Progress
  -  
 
Less:  Accum Depreciation
  -  
         
 
Total- Property and Equipment
  -  
         
 
Other Assets:
     
 
Loans to Insiders
  -  
 
Other Assets (incl Long Term Deferred Income Tax)
  30,856  
         
 
Total- Other Assets
  30,856  
         
 
Total- Assets
  2,881,149  
         
         
 
Liabilities not subject to Compromise (Post)
     
 
Accounts Payable
  (2,162,528 )
 
Taxes Payable (refer to Form MOR-4)
  (533,924 )
 
Wages Payable
  -  
 
Notes Payable
  -  
 
Rent/ Leases- Building/ Equipment
  -  
 
Secured Debt - Line of credit
  -  
 
Other Reserves
  -  
 
Liquidation (GOB Sales) Clearing Account
  -  
 
Amounts Due to Insiders
  -  
 
Accrual for Professional Fees
  (372,204 )
 
Licensing advances received Post Petition
  (25,000 )
 
Other Post-Petition Liabilities (attach)
  -  
         
 
Total- Post-Petition Liabilities
  (3,093,656 )
         
 
Liabilities not subject to Compromise (Pre)
     
 
Secured Debt - Line of credit
  -  
 
Secured Debt - other
  -  
 
Priority Debt
  -  
 
Unsecured Debt (Accounts Payable)
  (51,416,069 )
 
Expense Accruals and Other Liabilities
  (179,427 )
 
Short Term Liabilities
  (3,554,215 )
 
Deferred (GAAP) rent / landlord allowances  / Deferred Compensation etc
  (526,174 )
 
Deferred Tax (Liability) / Asset
  -  
 
Deferred Revenue (Gift cards and Royalties)
  (33,789,666 )
 
Other Reserves and allowances
  (2,888,799 )
         
 
Total- Pre-Petition Liabilities
  (92,354,351 )
         
 
Total Liabilities
  (95,448,007 )
         
         
 
Owner's Equity
     
 
Capital Stock
  (152,132 )
 
Additional Paid-In Capital
  (116,716,579 )
 
Deferred Stock Compensation and Stock Repurchase
  180,069  
 
Retained Earnings- Pre-Petition
  177,601,333  
 
Retained Earnings- Post-Petition
  31,654,167  
         
 
Net Owner's Equity
  92,566,858  
         
         
 
Total- Liabilities and Owner's Equity
  (2,881,150 )
 
 

 
 

 

MOR - 4
 
TSIC, Inc. f/k/a Sharper Image Corporation
 Case No 08-10322 (KG)
January 2012 Monthly Operating Report
 Reporting Period 1/1/2012 - 1/31/2012
Status of Post petition Taxes
 
 

   
 Beginning Tax Liability
 Taxes collected / withheld January & Adjustments
 Taxes Remitted January
 Closing Balance Post
petition
 C/Fwd Pre petition
 Total Per GL
               
Federal
             
               
Withholding
*
 -
         
FICA - Employee
*
 -
         
FICA - Employer
*
 -
         
Unemployment
*
 -
         
Income
*
 -
         
Other
*
 -
         
               
Total Federal Taxes
 
 -
 -
 -
-
 -
 -
               
State and Local
             
               
Witholding
*
 -
         
Sales
 
 -
   
-
 
 -
Excise
***
 -
         
Unemployment
*
 -
         
Real Property
 
 -
         
Personal Property
**
394,484
   
394,484
 
 394,484
Other
****
139,440
   
139,440
 
 139,440
               
Total State and Local
 
533,924
 -
 -
533,924
 -
 533,924
               
Total Taxes
 
533,924
 -
 -
533,924
 -
 533,924
 
* - Refer attached payroll report for detail of all payroll taxes withheld and remitted for the period 1/1/2012
through 1/31/2012
 
** - Personal property tax accrual based on tax statements and billings received from county and state agencies - subject to further review
 
*** - excise taxes for Hawaii are included in sales taxes line
 
**** - franchise and city taxes
 
   
 Beginning Tax Liability
 Taxes collected
 Taxes Remitted
 Unremitted Taxes
 
Payroll Summary
 
                            -
                                   6,471
                      6,471
                                           -
 
 
 


 
 

 

TSIC Inc f/k/a Sharper Image Corporation
P/E 1/31/2012
P/D 1/31/2012
 

TSIC, Inc.
      TAX LIABILITIES      
PAGE:     1
USER ID: TSI2
      CHECK DATE: 01-31-2012    
RUN:   0
1/28/2012 0:10
 

     
C U R R E N T
 
Q T D
 
Y T D
 
DESCRIPTION
ST LCL
RATE
SUBJECT TO
TAX
SUBJECT TO
TAX
SUBJECT TO
TAX
                 
                 
FEDERAL WITHHOLDING
   
12,910.26
3,051.40
12,910.26
3,051.40
12,910.26
3,051.40
                 
OASDI EMPLOYER
 
6.2
12,910.26
800.44
12,910.26
800.44
12,910.26
800.44
                 
OASDI EMPLOYEE
 
4.2
 
542.23
 
542.23
 
542.23
                 
FUTA EMPLOYER
 
0.6
7410.26
44.46
7410.26
44.46
7,410.26
44.46
                 
MHI EMPLOYER
 
1.45
12,910.26
187.2
12,910.26
187.2
12,910.26
187.20
                 
MHI EMPLOYEE
 
1.45
 
187.2
 
187.2
 
187.20
                 
STATE WITHHOLDING
CA
 
12,910.26
1,047.08
12,910.26
1,047.08
12,910.26
1,047.08
                 
SUI-ER
CA
6.2
7410.26
459.44
7410.26
459.44
7,410.26
459.44
                 
SDI-EE
CA 05
1
12,910.26
129.1
12,910.26
129.1
12,910.26
129.10
                 
FUTA CREDIT-ER
CA 08
0.3
7,410.26
22.23
7,410.26
22.23
7,410.26
22.23
                 
**TOTAL TAX**
     
6,470.78
 
6,470.78
 
6,470.78
**Taxes sent client # 260
     
6,470.78
       

 
 

 


MOR 5
 
TSIC, Inc. f/k/a Sharper Image Corporation
 Case No 08-10322 (KG)
January 2012 Monthly Operating Report
 Reporting Period 1/1/2012 - 1/31/2012
Summary of Unpaid Postpetition Debts
 
(As at 1/31/2012)
 
 

         Number of Days Past Due  
   
 Current
 0-30
 31-60
 61-90
 Over 90
 Total
               
Accounts Payable
 
 -
125
 -
 22,478
2,139,925
 2,162,528
Wages Payable
           
 -
Taxes Payable
 
533,924
       
 533,924
Rent / Leases Building
 
 -
       
 -
Accrual for Professional Fees
 
372,204
       
 372,204
Royalty Advances
 
 25,000
       
25,000
               
Total Postpetition Debts
 
931,128
125
 -
 22,478
2,139,925
 3,093,656

 
 
 
 
 
 

 
 

 
 
 
 

Pre Petition AP as at 1-31-2012
 
Note: Pre Petition AP is subject to further reconciliation, invoice and payment
 processing and application and review
 

Vendor
Vendor Name
 Total
80112
ENTERGY
 (930)
100628
ACCU-GAGE
 350
100701
CARRERA OF AMERICA INC
 23,061
100776
CARTA MUNDI INC.
 178,500
101477
AIR TASER INC.
1,450
101493
AGRI-ZAP, INC.
 650
101576
A.J. MORGAN
1,779
101832
AIWA STRATEGIC ACCTS. PRTNRS
3,000
101865
YANION CO., LTD.
 -
102319
ALLERGY CONTROL PRODUCTS INC.
 787
102418
ALLIED INTERNATIONAL
3,702
102467
LINGO INTERNATIONAL CORP.
 110,838
102541
ALTEC LANSING
 61,523
102590
ALIPH
 516,857
102616
AMC TRAVEL ACCESSORIES, INC.
 54,830
102962
AMERICAN INTERNATIONAL TOOL
60
103358
ANGELWORKS, THE
 133
103952
ANYCOM TECHNOLOGIES
 49,184
104042
APPLE COMPUTER INC.
 479,381
104067
APPLIANCE CORP. OF AMERICA
1,000
104273
ATOMIC TIME
 256
104323
ARCHOS, INC.
 211,245
104695
ARTEMIS WOMAN, LLC
 14,455
104729
AROA MARKETING, INC.
 267,914
104802
ASIA GLOBAL
 206
104851
ATLANTIC
 470
105387
BEHRINGER USE, INC.
 270,903
106104
AXIZ MARKETING GROUP
8,250
106138
AVID OUTDOOR
 100
107979
BELKIN CORPORATION
8,408
108050
BENCHMARK BRANDS, INC.
 241
108118
KAZ INC.
75
108183
BERSCHRUND
 959
108241
BELVISI INT'L CO., INC.
 178
108407
BIONAIRE (HOLMES)
 233,792
109033
BLUE GEM SUNGLASSES
16
109165
BODYLINES
2,667
109199
BNOX INC.
 134
109207
COOPSPORTS, INC.
56
109223
BLUEAIR
 10,115
109249
BLITZ MANUFACTURING COMPANY
 15,049
109900
BOSE CORPORATION
 79,523
111492
BRIEL AMERICA, INC.
 200
111567
EASTERN ACCENTS
61
112565
BROOKDALE INTL SYSTEMS, INC.
2,580
112755
BUCK KNIVES
1,000
112763
BUCKY PRODUCTS
 133
112953
BYRON ORIGINALS
83
113167
CAFRAMO
 856
113225
CADDIS MFG., INC.
 327
113357
CAPITAL MANUFACTURING CO.
 423
113688
QUANTUM ELECTRONICS CORP.
 543
113696
QUALITY SPECIAL PRODUCTS
 320
113951
CAPRESSO
 445
 

 
 

 
 
 
 

Pre Petition AP as at 1-31-2012
 
Note: Pre Petition AP is subject to further reconciliation, invoice and payment
 processing and application and review
 

Vendor
Vendor Name
 Total
114447
CATWALK
 463
114488
CAP BARBELL
7,480
114538
CELESTRON INTERNATIONAL
 145,461
114751
CATALINA TECHNOLOGIES, INC.
 855
114827
CCL PRODUCT
 528,654
114991
SOLAR GLOOOOW, LTD.
 548
115121
CIRCA
 140
115394
CEPIA
1,040
115485
HSN MARKENTING
1,436
115568
COAST CUTLERY CO.
 650
115618
WHITE BEAR TECHNOLOGIES, INC.
 22,515
115931
COHESO, INC.
 16,272
117580
COMMERCIAL TECHNOLOGY SYSTEMS
 136,624
117622
COMMON WEALTH ACCESSORIES
2,708
119560
COUNTRY CLUB SPORTS, INC.
1,200
119982
CREEKSIDE COLLECTION, THE
1,500
120089
CREATIVE MOTION
3,500
120337
CWR ELECTRONICS
 95,070
120568
DA MERT COMPANY
 833
120576
DR. LIVINGSTON, I PRESUME
 702
120683
THUMPER MASSAGER, INC.
 (1,859)
120691
D&H DISTRIBUTING
 (7,274)
121210
DA4 PRODUCTS
8,680
121327
HELICOR INC.
 230,540
122010
DERMANEW
 263
122606
DFE INC.
 -
122622
DIGITAL BUSINESS PROCESSING
 161,843
123380
DYNA FLEX
 119,586
123497
DYSON, INC.
 (2,500)
123596
EAR HUGGER
5,673
124396
EDWIN MCAULEY ELECTRONICS,LTD.
 132,565
124503
ELCANO WOOD MODEL SHIPS
42
124768
ELECTROLUX HOME CARE
 105,772
124800
ELECTRONICS TOMORROW LTD
 (8,820)
124982
EMJOI, INC./MOBIT
 105,452
124990
EMISSIVE ENERGY CORP
 111,205
125070
ENERGY TECHNOLOGY LABORATORY
 169,436
125138
HONEYWELL CONSUMER PRODUCTS
1,009
125211
ENHANCER PRODUCTS
2,534
125278
ERIC BEARE ASSOCIATES LTD.
 (3,750)
125286
BASF CATALYSTS LLC
 93,045
125336
EPILADYUSA, INC.
 112,360
125518
ESSENTIAL GEAR, INC.
 769
125534
ESTES-COX CORPORATION
 127,269
125559
ESI, INC.
 104,235
125724
ETYMOTIC RESEARCH
2,936
125898
EVEREADY BATTERIES
 100
125963
EXCALIBUR
 13,756
126136
LUMATEC
 700
126151
EXETER TECHNOLOGIES INC.
2,369
126219
LEAP FROG-KNOWLEDGE KIDS
3,234
128025
FITOVERS EYEWEAR USA
1,928
128041
FIUS DISTRIBUTORS, INC.
 -
128215
FACE-FIT MARKETING
 544
 

 
 

 
 
 
 

Pre Petition AP as at 1-31-2012
 
Note: Pre Petition AP is subject to further reconciliation, invoice and payment
 processing and application and review
 

Vendor
Vendor Name
 Total
128827
FLORITA NOVA
38
128918
FLOXITE COMPANY INC
 500
129171
FORESIGHT PRODUCTS, INC.
1,198
129437
KKI WORLDWIDE
 293
129601
KNG AMERICA
 11,580
129627
REEBOK INTERNATIONAL LTD.
64
129700
FRANKLIN COMPUTER
 488,178
130245
FREDDY CONNECT PRODUCTS
2,633
130427
FRIENDLY ROBOTICS
1,388
131300
FUTAI-LEIGHTON
 191,366
131532
GAMBLERS GENERAL STORE
 370
132050
GARMIN INTERNATIONAL, INC.
 1,563,439
132472
GEOCHRON ENTERPRISES,INC.
 222
133082
RAZOR USA
 373,024
133223
GOLDEN RATIO WOODWORKS
1,155
133371
GOOSEBUMPS PRODUCTS. INC,
1,205
133421
GOOD EARTH LIGHTING INC.
 790
133777
LARGUS INC.
 38,027
133959
GRIFFIN TECHNOLOGY
 429,632
134643
LAMANI, INC.
 113
135095
HARTMAN PRODUCTS INC.
 884
135228
HANIG & COMPANY
 409
135442
TV PRODUCTS USA
 551
135459
TWEEZERMAN INTERNATIONAL
 (1,269)
136168
HERBAL CONCEPTS
 101,105
136192
HERBKO INTERNATIONAL, INC.
54
136275
HEROKA INDUSTRIES LMTD.
 27,960
136416
HIDDEN GREENS, INC.
 472
137208
CAN YOU IMAGINE
6,055
138651
I. LEVY SONS, INC.
 300
138677
I-JAM MULTIMEDIA LLC
 126
138685
I ROBOT
 (1,250)
138701
HUMAN TOUCH, LLC/ Interactive health
 714,854
139162
IDEAVILLAGE PRODUCTS CORP
4,413
139568
MIDLAND CONSUMER RADIO
 3
139691
IMAGE TIME INC.
 752
139774
IMS ENTERPRISES
 104
139980
INTELIQUEST
3,978
140004
INTERNATIONAL CELLULAR COMM
 320
140491
INCEPTOR INC.
 240
140582
INCENTIVE CONCEPTS
1,898
140608
ION AUDIO
 623,497
140616
ITOY INC (HK) LIMITED
 24,461
140764
IN2 PRODUCTS
 110,767
140913
JB RESEARCH, INC.
 32,311
140970
JIFFY STEAMER COMPANY
4,286
141010
JRL TOYS
1,835
141085
JORST INTERNATIONAL DI-ZAINS
 27,757
141226
JERDON PRODUCTS INC.
 95,455
141309
JCF TECHNOLOGIES
5,000
141317
JSF INDUSTRIES
4,218
141358
JUST ACCENTS
 188
141499
JETTA COMPANY LTD.
 37,112
141515
JWIN ELECTRONICS CORP
 49,427
 

 
 

 
 
 
 

Pre Petition AP as at 1-31-2012
 
Note: Pre Petition AP is subject to further reconciliation, invoice and payment
 processing and application and review
 

Vendor
Vendor Name
 Total
141523
JIMMYJANE INC.
 57,289
141572
JOSEPH ENTERPRISES, INC.
2,300
141945
KEYS FITNESS PRODUCTS
 584
142026
KINCAID FURNITURE COMPANY,INC.
11
143362
KUNNEX INCORPORATE
 31,130
143917
KAI USA
 327,391
144337
ULTREO INC
 286,400
145391
LEKI-SPORT USA
3,700
145631
LEXAR MEDIA INC.
 79,386
145755
ETON
 139,552
146209
LIFT DISPLAY
 333
146464
LITTLE TIKES CO.
92
146498
LKL INNOVATIONS
 500
146811
LMC PRODUCTS INC.
1,400
147132
FIRESTARTER/FORMERLY LEHR JENS
 633
147504
MAD CATZ, INC.
 39,298
147538
MAGELLAN NAVIGATION INC
 681,306
147744
MANUAL WOODWORKERS & WEADERS
 110
147785
MAN NIN SHING CO., LTD
 (533)
148767
MASTER REPLICAS LLC
 571,664
148957
MAVIZEN
 (2,500)
149013
SALTON/MAXIM HOUSEWARES, INC.
6,678
149724
MEASUREMENT SPECIALTIES, INC.
 507
149815
MEADE INSTRUMENTS CORPORATION
 196,404
149856
MEDIA STREET, INC.
 (5,750)
149872
MEDIA SYNDICATION
5,000
149906
ROYAL APPLIANCE MANUFACTURING
 101,248
149914
MEGA MARBLES/VACOR USA
 221
150359
MERCHSOURCE
 -
150490
MEUCCI ORIGINALS, INC.
 920
152439
MOBICOOL INTERNATIONAL
 75,000
152819
MONTAGUE USA
 937
152850
GENERAL INSTRUMENT CORPORATION
 358,178
152892
Q RAY
6,702
152942
MONSTER CABLE PRODUCTS, INC
 100,000
153049
MOBIKY USA
 72,222
153056
MOBILE-SHOP
 30,100
153122
PUREHITECH
 238,711
153486
NANDA HOME, LLC
 140,484
154351
MELCO WIRE PRODUCTS COMPANY
 176
154930
NEOSONICS CORP.
 855
155051
NEON SOURCE
 500
155432
JUST AMERICAN MERCHANDISE INC
1,000
155754
NORELCO/SONICARE
 137,624
155960
NORTHERN INT'L INC.
2,800
156620
OMEGA PRODUCTS,INC.
 250
156752
OLISO INC
 159,413
156786
OKO INTERNATIONAL
 36,469
157057
CT GLOBAL INC./ One for all
 11,010
157115
PHILIPS DAP NO. AMERICA
 (611)
157826
ORALGIENE
 250
158204
ORECK CORPORATION
 946
159590
PAN-OPTX
2,500
159673
180S, LLC
7,746
 

 
 

 
 
 
 

Pre Petition AP as at 1-31-2012
 
Note: Pre Petition AP is subject to further reconciliation, invoice and payment
 processing and application and review
 

Vendor
Vendor Name
 Total
159897
SWISS TECH PRODUCTS
 54,846
160317
PANASONIC-DIG STILL CAMERA
 (3,750)
161273
PETER GORMAN
 712
161307
PHILIPS CONSUMER ELECTRONICS
 (7,939)
161315
PHILIPS ACCESSORIES
 19,532
161422
PHORM
4,450
161554
PITTSBURGH PLASTIC MANUF.
 403
161760
PLANTRONICS, INC.
2,731
161778
PLANRITE TRADING COMPANY
5,459
161810
PHYSI-CAL ENTERPRISES
 (1,250)
161901
PLASTON INTERNATIONAL
 (3,177)
161968
POLYCONCEPTS USA, INC.
5,485
162503
THE CIT GROUP/COMMERCIAL SVCS
 (7,529)
163006
PRECOR, INC.
1,740
163014
PREMIER KITES
 500
163055
PRESENTATIONS PLUS
 274
163071
RETRO 1951
2,499
163097
PREPARA
9,000
163675
PRODYNE
 26,036
163782
ICON HEALTH & FITNESS/PROFORM
 10,000
163931
PRO PERFORMANCE SPORTS
2,571
165076
Q3 INNOVATIONS, LLC
4,600
165258
RABCO EXPANSION SYSTEMS
1,080
166603
RAINBOW LAMP CORPORATION
 3
167007
RAWCLIFF CORP.
1,579
167148
RAZORGUARD, INC.
 100
167593
RED STAR TRADERS, LLC
 25,500
167742
RELIANCE LAMP CO., INC.
 100
168369
RIALTO PRODUCTS, INC.
3,000
168690
RMP, INC.
3,365
168716
STRAHL/CLICK CLACK!
1,045
168724
RODENSTOCK GROUP
2,500
169045
ROYAL CROWN
 500
169052
ROYAL PATINA
3,000
169193
RICHARTZ USA
 174
169276
S.J. MILLER COMPANY
 127
169284
S.K. & I. COMPANY
 155
169326
RICO RAGBIR INTERNATIONAL CO
2,250
169334
ROYAL SOVEREIGN INT'L INC.
 102,113
171025
8X8, INC.
 784
171306
SANDISK CORPORATION
 10,965
172007
SANYO FISHER (USA) CORPORATION
 (2,500)
172908
SEIKO INSTRUMENTS USA,INC.
4,800
173146
SELAMAT DESIGNS
5,255
173575
FOOTSENSE INC.
 100
173633
SEQUIAM CORPORATION
 311,700
174623
SHOWERSTART, LLC
7,995
175059
SIMPLE SHOE
 13,504
175091
SK ENTERPRISES, INC.
 325
175125
SINOSOURCE INC.
 204
175323
SILCON INNOPRODUCTS LTD.
 32,346
175471
SAFARI LTD.
 170
175547
SAGAFORM INC.
3,467
175711
SKYLINE NORTHWEST CORP
 284
 

 
 

 
 
 
 

Pre Petition AP as at 1-31-2012
 
Note: Pre Petition AP is subject to further reconciliation, invoice and payment
 processing and application and review
 

Vendor
Vendor Name
 Total
175976
SMART DESIGNS
 300
175992
SMART PLANET
5,951
176040
SMARTSHOPPER ELECTRONICS
 209,754
176123
SOLIDO (U.S.A.),INC.
77
176131
SOG-SPECIALTY KNIFE
1,282
176156
SOLEX INDUSTRIES
 10,350
176172
SOLOPOINT
 239
176255
SONGBIRD HEARING INC.
 42,347
176867
SPALDING (RUSSELL ATHLETIC)
1,341
177097
SPEEDO AMERICA
 500
177121
SPECTRUM DIVERSIFIED DESIGNS
2,000
177402
SONY ELECTRONICS INC.
 (1,250)
178418
SPORTLINE, INC.
 235,571
178897
STARRETT COMPANY
1,248
178988
STL ELECTRONICS LIMITED
 669,722
179168
STUFF DESIGN INC.
 950
179176
STERN PINBALL INC.
 36,550
179267
STAMINA PRODUCTS INC.
2,317
179333
SUNCAST CORPORATION
 579
179408
SUN LUEN ELECTRICAL MFG.CO
 133,039
179416
SUN-MATE
 696
179531
SUNDAY ELECTRONICS
7,018
179556
STYLE SCIENCE
 164,100
179788
UNDER SAIL MARKETING, LLC
 34,670
182311
TAO MUSIC INC.
 385,034
182840
TACTICA INT'L INC.
 24,666
182915
TAGCO LLC
1,037
183053
TALUS CORP
2,534
183327
TANGENT TOYS
 700
183400
TASCO SALES INCORPORATED
5,000
184309
TECHNASONIC ELECTRONICS, INC.
 24,477
184820
TENSOR CORPORATION
5,326
186171
THERMOSCAN INC.
 127
186486
TILIA, INC.
 853
188813
TOM TOM, INC.
 2,052,970
189175
TOP INNOVATIONS, INC.
 -
189563
TRG ACCESSORIES
 51,587
190173
TUMI, INC
 51,253
190397
UNIVERSAL APPLICATION DESIGN
 728
190488
US ROBOTICS
9,193
190520
UNIVERSAL WATCH
 280
190611
UTILITY ENTERPRISES CO., INC
8,620
190629
TYRELL, INC.
 (2,500)
192070
UGOBE, INC.
 582,560
192112
ULTRA-OPTIX INC.
 247
192138
V. P. DESIGNS
 256
192872
VICTORE SUPPORTS, INC.
 422
193011
VERILUX
 55,877
193086
VIAWORLD ADVANCED PRODUCTS
1,725
193110
VIEW & VIEW TECHNOLOGIES
 46,673
193136
VICTORINOX SWISS ARMY
 76,475
193169
VIRTU CO.
1,411
193623
TEND SKIN COMPANY
 300
193631
VORNADO AIR CURCULATION SYSTEM
 60,713
 

 
 

 
 
 
 

Pre Petition AP as at 1-31-2012
 
Note: Pre Petition AP is subject to further reconciliation, invoice and payment
 processing and application and review
 

Vendor
Vendor Name
 Total
193664
LEARNING CURVE
44
193672
VTECH COMMUNICATIONS
 79,317
193763
VISIBALL USA
 130,525
193797
VOXRED INTERNATIONAL
 12,978
193805
V-MODA, LC
 257,334
194159
WARNER/ELEKTRA/ATLANTA CORP.
2,807
194332
WEIN PRODUCTS, INC.
1,100
194746
WEST COAST CUSTOM DESIGNS
 131
194936
WHERIFY WIRELESS, INC.
 74,028
195222
WILIFE
7,169
195388
WING SON GARMENTS
2,000
196014
WORLDSKY ELECTRONIC CO., LTD
 500
196428
ICI USA, LLC
 (568)
197426
ZADRO PRODUCTS, INC.
 962
197434
YOMEGA CORP.
 500
199083
ZURA SPORTS, INC.
 100
199125
ZYGMUNT & ASSOCIATES
6,075
200253
A C EXPRESS COURIERS
 385
202374
ABF FREIGHT SYSTEM INC
 539
202416
ABQ EXPRESS CARTAGE INC
 573
202960
ACE TRANSPORT
 170
203562
ACTION MESSENGER SERVICE
2,486
205559
AIT WORLDWIDE LOGISTICS
1,030
205898
AACSP
 310
205922
V. ALEXANDER AND CO.
 -
206417
ALPHA 7 COURIER SERVICES
 400
211300
APPLE COURIER
1,038
211326
APPROVED FORWARDERS OF HAWAII
2,237
211706
ARROW EXPRESS CORPORATION
 110
213439
AVERITT EXPRESS, INC.
 72,676
215624
BLUE AND ASSOCIATES
 262
215731
MATCHMAKER TRANSPORTATION
3,012
216598
BONNIE SPEED DELIVERY, INC.
 230
219972
CALIFORNIA PACKAGING CORP
 81,343
220103
CAPITOL COURIER
65
222919
CENTRAL FREIGHT LINES, INC.
2,776
223016
CENTRAL TRANSPORT
1,149
223503
CMR GROUP LTD.
 73,107
223701
COMET COURIER CORP
 10,971
226589
VELOCITY EXPRESS
2,929
227058
COURIER EXPRESS
2,873
228676