EX-99.4 6 dec99four.txt EXHIBIT 99.4 -------------------------------------------------------------------------------- Office of the United States Trustee Exhibit 99.4 -------------------------------------------------------------------------------- ------------------------------------ ------------------------------------- In re: DEBTOR IN POSSESSION OPERATING REPORT AMERICAN WASTE TRANSPORT, INC. ------------------------------------ Report Number: 11 Page 1 of 3 -- Debtor. For the period FROM: October 1 , 2001 ------------------------------------- TO: October 31, 2001 ------------------------------------ ------------------------------------- Chapter 11 Case No: LA 00-44134 ES --------------------------------------------------------------------------------
1. Profit and Loss Statement (ACCRUAL BASIS ONLY ($000's)) A. Related to Business Operations: Gross Sales See Attached -------------------- Less: Sales Returns and Discounts (Bad Debts included) -------------------- Net Sales -------------------- Less: Cost of Goods Sold: Beginning Inventory at Cost -------------------- Add: Purchases -------------------- Less: Ending Inventory at Cost -------------------- Cost of Goods Sold -------------------- Gross Profit ---------------- Other Operating Revenues (Specify) ---------------- Less: Operating Expenses: Officer Compensation -------------------- Salaries and Wages - Other Employees -------------------- Total Salaries and Wages -------------------- Employee Benefits and Pensions -------------------- Payroll Taxes -------------------- Real Estate Taxes -------------------- Federal and State Income Taxes -------------------- Total Taxes -------------------- Rent and Lease Exp. (Real Property and Personal Property) -------------------- Interest Expense (Mortgage, Loan, etc.) -------------------- Insurance -------------------- Automobile Expense -------------------- Utilities (Gas, Electricity, Water, Telephone, etc.) -------------------- Depreciation and Amortization -------------------- Repairs and Maintenance -------------------- Advertising (In cost of sales) -------------------- Supplies, Office Expenses, Photocopies, etc. -------------------- Bad Debts -------------------- Miscellaneous Operating Expenses (Specify) -------------------- Total Operating Expenses -------------------- Net Gain/Loss from Business Operations ---------------- B. Not Related to Business Operations: Income: Interest Income -------------------- Other Non-Operating Revenues (Specify) -------------------- Gross Proceeds on Sale of Assets -------------------- Less: Original Cost of Assets plus Expenses of Sale -------------------- Net Gain/Loss of Sale of Assets -------------------- Total Non-Operating Income Sales Tax Refund ---------------- Expenses Not Related to Business Operations: Legal and Professional Fees (Specify) See page 3, #7 -------------------- Other Non-Operating Expenses (Specify)BarDateNtc -------------------- Total Non-Operating Expenses ---------------- NET INCOME / LOSS FOR PERIOD ----------------
-------------------------------------------------------------------------------- DEBTOR IN POSSESSION OPERATING REPORT NO: 11 Page 2 of 3 -------------------------------------------------------------------------------- 2. Aging of Accounts Payable and Accounts Receivable (exclude pre-petition accounts payable): Accounts Payable Accounts Receivable ---------------- ------------------- Current Under 30 Days $ $ Overdue 31 - 60 Days Overdue 61 - 90 Days Overdue 91 - 120 Days Overdue Over 121 Days TOTAL $See attachment $See attachment ---------------- ------------------- 3. State of Status of Payments to Secured Creditors and Lessors: Frequency Post-Petition of Payments Per Amount Next Payments Not Made* Creditor/ Contract / Lease of Each Payment Lessor (i.e., mo., qtr.) Payment Due Number Amount None ---------------------------------------------------------------------- *Explanation for Non-Payment: PER STIPULATION WITH VOLVO AN EXTRA HALF ----------------------------------------------------------------------- PAYMENT WAS MADE IN OCTOBER ----------------------------------------------------------------------- 4. Tax Liability: Gross Payroll Expense for Period: $ See attachment -------------- Gross Sales for Period Subject to Sales Tax $ 0.00 -------------- Post-Petition taxes Still Date Paid Amount Paid* Owing --------- ------------ ----- Federal Payroll and Withholding Taxes See attachment See attachment -------------- -------------- State Payroll and Withholding Taxes See attachment See attachment -------------- -------------- State Sales and Use Taxes Real Property Taxes***** ****Includes personal property tax * Attach photocopies of depository receipts from taxing authorities or financial institutions to verify that such deposits or payments have been made.
5. Insurance Coverage: Carrier / Amount Policy Premium Agent of Expiration Paid Through Name Coverage Date Date ----------- ----------------- --------------- ------------------ Worker's Compensation SEE ATTACHMENT --- ---------- Liability Fire and Extended Coverage Property Theft Life (Beneficiary: ) --------- Vehicle Other (Specify): ---------------- Umbrella Liability -------------------------------
-------------------------------------------------------------------------------- DEBTOR IN POSSESSION OPERATING REPORT NO: 11 Page 3 of 3 -------------------------------------------------------------------------------- 6. Questions: A. Has the Debtor in Possession provided compensation to any officers, directors, shareholders, or other principals without the approval of the Office of the United States Trustee? Yes Explain: --- --------------------------------------------- [X] No --- --------------------------------------------- B. Has the Debtor in Possession, subsequent to the filing of the petition, made any payments on its pre-petition unsecured debt, except as have been authorized by the Court: Yes Explain: --- --------------------------------------------- [X] No --- --------------------------------------------- 7. Statement of Unpaid Professional Fees (Post-Petition Amounts ONLY) State Type of Total Post- Professional Petition Amount Name of Professional (Attorney/Accountant/etc.) Unpaid -------------------------------------------------------------------------------- Irell & Manella LLP Attorney See attachment -------------------------------------------------------------------------------- 8. Narrative Report of Significant Events and Events out of the Ordinary Course of Business: (Attach separate sheet if necessary)
9. Quarterly Fees: (This Fee must be paid to the United States Trustee every calendar quarter) Quarterly Total Quarterly Period Disbursements Quarterly Date Amount Check Fee Still Ending For Quarter Fee Paid Paid No. Owing ------------------- ----------------- ---------------- ----------------- ----------------- ----------------- -------------- ------------------- ----------------- ---------------- ----------------- ----------------- ----------------- -------------- December 2000 $241,105.56 $1,500.00 Feb 7, 2001 $ 1,500.00 1127 ------------------- ----------------- ---------------- ----------------- ----------------- ----------------- -------------- March 2001 $ 1,269,000 $5,000.00 May 3, 2001 $ 5,000.00 1317 ------------------- ----------------- ---------------- ----------------- ----------------- ----------------- -------------- June 2001 $ 1,477,068 $5,000.00 Oct. 8, 2001 $ 5,000.00 1442 ------------------- ----------------- ---------------- ----------------- ----------------- ----------------- -------------- Sept 2001 $ 532,254 $3,750.00 Nov 16, 2001 $ 3,250.00 and 1443 and 1445 and Nov 28,2001 $ 500.00 ------------------- ----------------- ---------------- ----------------- ----------------- ----------------- --------------
I, (Name/Title: Eugene Tidgewell, Vice President), declare under penalty of -------------------------------- perjury that the information contained in the above Debtor in Possession Operating Report is true and complete to the best of my knowledge. Dated: November 28, 2001 ----------------- /s/ Eugene W. Tidgewell ------------------------------- Debtor in Possession or Trustee AMERICAN WASTE TRANSPORT PROFIT & LOSS OCTOBER 2001 Oct 01 ------------ Ordinary Income/Expense Cost of Goods Sold 5200-DRIVER COST 5220-DRIVER PAYROLL TAXES -15.72 ------------ Total 5200-DRIVER COST -15.72 5600-REGISTRATION 19,220.33 ------------ ------------ Total COGS 19,204.61 ------------ Gross Profit -19,204.61 Expense 6005-ADMINISTRATIVE EXPENSE 3,250.00 6050-BANK CHARGES 18.00 6501-POST PETITION LEGAL FEES 39,709.87 ------------ ------------ Total Expense 42,977.87 ------------ ------------ Net Ordinary Income -62,182.48 ------------ ------------ Net Income -62,182.48 ============
AMERICAN WASTE TRANSPORT A/P AGING SUMMARY AS OF OCTOBER 31, 2001 Current 1 - 30 31 - 60 61 - 90 > 90 TOTAL ----------- ----------- -------- -------- ----- ----------- BENETECH 0.00 0.00 465.00 0.00 0.00 465.00 IRELL & MANELLA LLP 18,888.85 20,821.02 0.00 0.00 0.00 39,709.87 U. S. TRUSTEE 0.00 3,250.00 0.00 0.00 0.00 3,250.00 ----------- ----------- -------- -------- ----- ----------- TOTAL 18,888.85 24,071.02 465.00 0.00 0.00 43,424.87 =========== =========== ======== ======== ===== ===========
AMERICAN WASTE TRANSPORT A/R AGING SUMMARY AS OF OCTOBER 31, 2001 Current 1 - 30 31 - 60 61 - 90 > 90 TOTAL ---------- ------- ------- ------- ---------- --------- BFI CENTRAL 0.00 0.00 0.00 0.00 4,089.15 4,089.15 ---------- ------- ------- ------- ---------- --------- TOTAL 0.00 0.00 0.00 0.00 4,089.15 4,089.15 ========== ======= ======= ======= ========== =========
INSURANCE COVERAGE AGENT COVERAGE EXPIRATION PREMIUM CARRIER NAME AMOUNT DATE PAID TO DATE State Fund Andreini & Company 1,000,000 9/23/02 10/31/02 Penn America Mark Novy 1,000,000 10/26/02 10/31/02 Penn America Mark Novy 500,000 10/26/02 10/31/02 Clarendon Mark Novy Comp & Collision 3/5/02 10/31/02 Clarendon Mark Novy 5,000,000 10/27/02 10/31/02 General Sec.