EX-99.1 2 mm11-1612_8ke991.htm EX.99.1 - OCTOBER 2012 MONTHLY OPERATING REPORT mm11-1612_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: 10/1/2012 – 10/31/2012
 
 
 
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 October.  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
 
November 16, 2012
Signature of Authorized Individual
 
Date
     
     
Kevin J Palmer
 
November 16, 2012
Printed Name of Authorized Individual
 
Date
 




FORM MOR
(04/07)
 
 

 



UNITED STATES BANKRUPTCY COURT
DISTRICT OF DELAWARE


Monthly Operating Report – October 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)
October 2012 Monthly Operating Report
Reporting Period 10/1/2012 - 10/31/2012
Schedule of Cash Receipts and Disbursements for period 10/1/2012 to 10/31/2012
 
 

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
-
-
(6,491)
 0
 -
 (76,558)
 -
 -
 697,445
692,109
 -
 
                         
Receipts
                       
                         
Cash Sales (from stores)
                 
-
   
Credit Card Settlements
                 
-
   
Other Settlements (Paypal, Google etc)
                 
-
   
Accounts Receivable (net of bounced checks)
                 
-
   
Sale of Assets
     
63
         
 63
   
Interest / Dividend Income
                 
-
   
Tax Refunds Received
                 
-
   
Collections from Vendors (debit balances, refunds, returned deposits, preference actions etc)
                 
-
   
Mail Order / License deposits, Other Deposits / Stale checks
 417
             
 527
 944
   
                         
Total Receipts
 417
-
-
63
 -
 -
 -
 -
 527
 1,007
 -
 
                         
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
(417)
   
 38,976
       
 (38,560)
-
   
Transfers from Concentration to Disbursement
   
 34,767
 (34,767)
         
-
   
                         
Total Transfers
(417)
-
 34,767
 4,209
 -
 -
 -
 -
 (38,560)
-
 -
 
                         
Total Receipts & Transfers
-
-
 34,767
 4,272
 -
 -
 -
 -
 (38,033)
 1,007
 -
 
                         
Disbursements (Reimbursements)
                       
                         
Liquidator Reimbursements (proceeds) - incl true up adjustments
                 
-
 
 N/A
Net Payroll
     
 8,603
         
 8,603
 
8,603
Payroll Taxes
     
 4,520
         
 4,520
 
4,520
401k
                 
-
 
 -
Employee Benefits (Health Insurance)
                 
-
 
 -
Sales, Use & Other Taxes
                 
-
 
 -
Inventory Purchases
                 
-
 
 -
Secured / Rental / Leases
   
 8,574
           
 8,574
 
8,574
Insurance
   
 535
           
 535
 
 535
Administrative (utilities etc)
     
 615
         
 615
 
 615
Selling
                 
-
 
 -
Bank / Credit Card Fees / Sales audit adjs
     
 7,486
         
 7,486
 
7,486
Refund checks issued (net of stop payments)
                 
-
 
 -
Other (incl prior period true up / reconciling journal entries)
     
 (16,951)
         
 (16,951)
 
 (16,951)
Customs / Duties / Freight
                 
-
 
 -
Interest and LC fees
                 
-
 
 -
Professional Fees
   
 31,943
           
 31,943
 
 31,943
Court Approved Settlements and claim payments
                 
-
 
 -
US Trustee Quarterly Fees
   
 1,625
           
 1,625
 
1,625
Court Costs
                 
-
 
 -
                         
Total Disbursements
-
-
 42,677
 4,273
 -
 -
 -
 -
 -
 46,950
 -
 46,950
                         
Net Cash Flow
-
-
(7,910)
(0)
 -
 -
 -
 -
 (38,033)
 (45,943)
 -
 
                         
Cash - End of Month
-
-
 (14,401)
(0)
 -
 (76,558)
 -
 -
 659,412
568,453
 -
 

 

 
 

 

MOR - 1b
 
TSIC, Inc. f/k/a Sharper Image Corporation
Case No 08-10322 (KG)
October 2012 Monthly Operating Report
Reporting Period 10/1/2012 - 10/31/2012
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
7/1/2012-9/30/2012
700919,700921,700922
10/26/2012
    15,626       16,317       956,150       766,891  
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)
                          150,331       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
    15,626       16,317       7,753,423       1,261,335  
 
 

 
 

 
 
 

MOR - 2
Case No 08-10322 (KG)
TSIC, Inc. f/k/a Sharper Image Corporation
Reporting Period 10/1/2012 - 10/31/2012
October 2012 Monthly Operating Report
 
Statement of Operations for the period 10/1/2012 through 10/31/2012
 
 

   
Full Month
   
CUM FILING
 
 
DESCRIPTION
10/31/2012
   
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)
  (229 )     95,060,911  
 
Gross Profit
  229       (2,584,981 )
                 
 
Operating Expenses:
             
 
Advertising
          1,280,460  
 
Auto and Truck Expense
          90  
 
Bad Debts
          3,417,758  
 
Contributions
          -  
 
Employee Benefit Programs
          (254,902 )
 
Insider Compensations
          80,000  
 
Insurance
  357       1,764,040  
 
Management Fees/ Bonuses
          875,015  
 
Office Expense
          1,000  
 
Pension & Profit-Sharing Plans
          -  
 
Repairs and Maintenance
          1,082,977  
 
Rent and Lease Expense
  8,574       12,750,828  
 
Salaries/ Commissions/ Fees
  12,910       14,827,699  
 
Supplies
          (4,279 )
 
Taxes- Payroll
  213       1,184,243  
 
Taxes- Real Estate
          (194 )
 
Taxes- Other
          1,123,767  
 
Travel and Entertainment
          243,027  
 
Utilities
          620,906  
 
Other (attach schedule)
  8,101       8,590,096  
                 
 
Total Operating Exps Before Depr
  30,155       47,582,532  
                 
 
Depreciation/Depletion/Amortization
          3,136,341  
                 
 
Net Profit (Loss)
             
 
  Before Other Income & Expenses
  (29,926 )     (53,303,854 )
                 
 
Other Income and Expenses:
             
 
Licensing Income
          1,287,964  
 
Interest Income (Expense) - incl change in Deferred Comp balance
  73       (683,391 )
 
Other Income (Expense)
          3,872,798  
                 
 
Net Profit (Loss)
  (29,853 )     (48,826,483 )
 
  Before Reorganization Items
             
                 
 
Reorganization Items:
             
 
Professional Fees
  33,568       12,638,598  
 
US Trustee Quarterly Fees
          93,900  
 
Interest Earned on Accm Case
          -  
 
Loss (Gain) from sale of assets
          59,041,448  
 
Other Reorganization Exps (see attached)
  -       (67,506,981 )
                 
 
Total Reorganization Expenses
  33,568       4,266,965  
                 
 
Net Profit (Loss)
             
 
  Before Income Taxes (Benefit)
  (63,421 )     (53,093,448 )
                 
 
Income Taxes (Benefit)
          (19,855,075 )
                 
 
Net Profit (Loss)
  (63,421 )     (33,238,372 )
 
 
Monthly P&L may include current month expenses plus monthly / quarterly
true ups, reconciling items or invoices/credits originating from prior periods
 
 
 
Salaries and payroll tax expense in March 2012 includes payment of priority wages
 

 
 

 

MOR - 2 (cont'd)
TSIC, Inc. f/k/a Sharper Image Corporation
OTHER EXPENSES
FOR THE PERIOD ENDING:  10/31/2012
 

    
10/31/2012
 
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
        842,941  
               
 
Total- Occupancy
  -     890,083  
               
 
Credit Card Fees, chargebacks, bounced checks
        856,955  
 
Delivery Income
        (915,380 )
 
Delivery Expense
        1,303,807  
 
Freight Out
        1,731,105  
 
Professional Fees
        578,741  
 
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
  8,101     2,491,336  
               
 
Total- Other
  8,101     7,213,374  
               
               
 
Total
  8,101     8,589,630  
               
 
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 )
 
Professional fees expenses and award paid to class counsel for gift card holders per court order
        200,197  
 
Settlement Discounts Received - Accounts Payable
        (1,766,482 )
               
 
Stalking Horse Expenses
        88,375  
               
      -     (67,502,231 )
 

* - 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)
October 2012 Monthly Operating Report
Reporting Period 10/1/2012 - 10/31/2012
Balance Sheet as at October 31, 2012
 
 

   
Book Value
 
 
DESCRIPTION
10/31/2012
 
       
 
Current Assets:
   
 
Unrestricted Cash and Equivalents
  568,453  
 
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)
  43,686  
 
Professional Retainers
  -  
 
Deferred Income Taxes / Prepaid Income Taxes
  10,483  
 
Debit balances in AP (net of reserves)
  352,837  
         
 
Total- Current Assets
  1,109,904  
         
 
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
  1,140,760  
         
         
 
Liabilities not subject to Compromise (Post)
     
 
Accounts Payable
  (2,202,825 )
 
Taxes Payable (refer to Form MOR-4)
  (534,970 )
 
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
  (467,374 )
 
Licensing advances received Post Petition
  (25,000 )
 
Other Post-Petition Liabilities (attach)
  -  
         
 
Total- Post-Petition Liabilities
  (3,230,169 )
         
 
Liabilities not subject to Compromise (Pre)
     
 
Secured Debt - Line of credit
  -  
 
Secured Debt - other
  -  
 
Priority Debt
  -  
 
Unsecured Debt (Accounts Payable)
  (51,413,719 )
 
Expense Accruals and Other Liabilities
  (179,955 )
 
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)
  (33,498,790 )
 
Other Reserves and allowances
  (2,888,799 )
         
 
Total- Pre-Petition Liabilities
  (92,061,653 )
         
 
Total Liabilities
  (95,291,822 )
         
         
 
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
  33,238,372  
         
 
Net Owner's Equity
  94,151,062  
         
         
 
Total- Liabilities and Owner's Equity
  (1,140,760 )
 
 

 
 

 

MOR - 4
 
TSIC, Inc. f/k/a Sharper Image Corporation
 Case No 08-10322 (KG)
October 2012 Monthly Operating Report
 Reporting Period 10/1/2012 - 10/31/2012
Status of Post petition Taxes
 
 

   
Beginning Tax Liability
 
Taxes collected / withheld October & Adjustments
 
Taxes Remitted August
 
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 **     395,529           395,529         395,529  
Other ****     139,440           139,440         139,440  
                               
Total State and Local
    534,969   -   -   534,969   -     534,969  
                               
Total Taxes
    534,969   -   -   534,969   -     534,969  
 

* - Refer attached payroll report for detail of all payroll taxes withheld and remitted for the period 10/1/2012
through 10/31/2012
 
** - 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
    -   4,520   4,520   -            
 

Based on actual paychecks during period  plus additional payroll tax assessments paid
 

 
 

 

Pay date
10/31/2012
         
Period ending
10/31/2012
         
             
TSIC, Inc.
     
TAX LIABILITIES
 
PAGE:     1
USER ID: TSI2
   
CHECK
DATE: 10-31-2012
RUN:   1
10/29/2012 0:15
 

           
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     691,444.52     97,962.14  
                                             
OASDI EMPLOYER
    6.2     410.26     25.44     410.26     25.44     668,110.67     41,422.81  
                                             
OASDI EMPLOYEE
    4.2           17.23           17.23           28,060.71  
                                             
FUTA EMPLOYER
    0.6                             547,709.10     3,286.39  
                                             
MHI EMPLOYER
    1.45     12,910.26     187.2     12,910.26     187.2     691,444.52     10,025.98  
                                             
MHI EMPLOYEE
    1.45           187.2           187.2           10,025.98  
                                             
STATE WITHHOLDING
AL
                                1,412.45     32.34  
                                             
SUI-ER
AL
  0.7                             1,412.45     9.88  
                                             
BIRMINGHAM
AL
10                               817.5     8.18  
                                             
STATE WITHHOLDING
AR
                                19,618.28     887.25  
                                             
SUI-ER
AR
  5.7                             19,618.28     1,118.28  
                                             
FUTA CREDIT-ER
AR
8                               19,618.28     58.88  
                                             
STATE WITHHOLDING
AZ
                                2,679.37     66.43  
                                             
SUI-ER
AZ
  1.37                             2,679.37     36.7  
                                             
STATE WITHHOLDING
CA
        12,910.26     1,047.08     12,910.26     1,047.08     435,069.56     25,195.87  
                                             
SUI-ER
CA
  6.2                             291,334.14     18,062.71  
                                             
SDI-EE
CA
5 1     410.26     4.11     410.26     4.11     397,220.71     3,972.24  
                                             
 
 
 
 
 

 
 
 
           
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
 
                                             
                                             
FUTA CREDIT-ER
CA
8                               279,113.13     837.36  
                                             
STATE WITHHOLDING
CO
                                11,039.84     361  
                                             
SUI-ER
CO
  1.22                             11,039.84     134.68  
                                             
STATE WITHHOLDING
CT
                                3,209.20     25.55  
                                             
SUI-ER
CT
  1.5                             2,451.99     36.78  
                                             
FUTA CREDIT-ER
CT
8                               2,451.99     7.35  
                                             
SUI-ER
DC
  1.5                             3,164.67     47.47  
                                             
SUI-ER
FL
  0.56                             31,632.62     177.15  
                                             
FUTA CREDIT-ER
FL
8                               29,456.75     88.37  
                                             
STATE WITHHOLDING
GA
                                9,829.99     293.02  
                                             
SUI-ER
GA
  2.43                             9,829.99     238.87  
                                             
FUTA CREDIT-ER
GA
10                               9,285.76     27.84  
                                             
STATE WITHHOLDING
HI
                                5,202.77     266.34  
                                             
SUI-ER
HI
  0.51                             5,202.77     26.54  
                                             
STATE WITHHOLDING
IA
                                1,476.91     25  
                                             
SUI-ER
IA
  0.1                             1,476.91     1.47  
                                             
STATE WITHHOLDING
IL
                                18,590.86     856.25  
                                             
SUI-ER
IL
  2.6                             18,590.86     483.38  
                                             
FUTA CREDIT-ER
IL
8                               18,590.86     55.78  
                                             
STATE WITHHOLDING
IN
                                6,554.01     212.38  
                                             
 
 
 
 
 

 
 
 
           
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
 
                                             
                                             
SUI-ER
IN
  2.7                             6,554.01     176.96  
                                             
FUTA CREDIT-ER
IN
8                               6,554.01     39.33  
                                             
MARION COUNTY
IN
35                               1,176.07     19.06  
                                             
HAMILTON COUNTY
IN
77                               326.52     3.27  
                                             
ALLEN COUNTY
IN
AJ
                              5,051.42     50.51  
                                             
STATE WITHHOLDING
KS
                                1,184.50     23.28  
                                             
SUI-ER
KS
  3.1                             589.55     18.28  
                                             
STATE WITHHOLDING
KY
                                290.63     5.51  
                                             
SUI-ER
KY
  2.8                             290.63     8.14  
                                             
FUTA CREDIT-ER
KY
8                               290.63     0.87  
                                             
LOUISVILLE CITY
KY
13                               290.63     4.21  
                                             
JEFFERSON COUNTY
KY
AR
                              290.63     2.18  
                                             
STATE WITHHOLDING
LA
                                2,908.07     48.7  
                                             
SUI-ER
LA
  2                             2,908.07     58.16  
                                             
STATE WITHHOLDING
MA
                                8,907.33     410.51  
                                             
SUI-ER
MA
  2.31                             8,907.33     205.75  
                                             
MED SECURITY TAX
MA
8                               8,907.33     32.07  
                                             
STATE WITHHOLDING
MD
                                2,846.59     139.16  
                                             
SUI-ER
MD
  1.8                             2,846.59     51.23  
                                             
STATE WITHHOLDING
MI
                                7,686.87     250.31  
 
 
 
 
 

 
 
 
           
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
 
                                             
                                             
                                             
SUI-ER
MI
  2.3                             7,686.87     176.8  
                                             
STATE WITHHOLDING
MN
                                2,443.63     67.57  
                                             
SUI-ER
MN
  1.924                             2,443.63     47.02  
                                             
FUTA CREDIT-ER
MN
10                               1,866.71     5.62  
                                             
STATE WITHHOLDING
MO
                                5,271.96     83  
                                             
SUI-ER
MO
  7.02                             5,271.96     195.26  
                                             
FUTA CREDIT-ER
MO
8                               4,637.34     13.93  
                                             
KANSAS CITY NR-JACKSON CT
MO
10                               2,120.71     21.2  
                                             
ST LOUIS