EX-99.6 8 dec99six.txt EXHIBIT 99.6 -------------------------------------------------------------------------------- Office of the United States Trustee Exhibit 99.6 -------------------------------------------------------------------------------- ------------------------------------ ------------------------------------- In re: DEBTOR IN POSSESSION OPERATING REPORT AMERICAN GREEN WASTE, 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 00-44130 ES --------------------------------------------------------------------------------
1. Profit and Loss Statement (ACCRUAL BASIS ONLY ($000's)) A. Related to Business Operations: Gross Sales 0.00 -------------------- 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 $103,167.95 TOTAL $0.00 $103,167.95 ---------------- ------------------- 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 Not applicable ---------------------------------------------------------------------- *Explanation for Non-Payment: ---------------------------------------- ---------------------------------------------------------------------- ---------------------------------------------------------------------- 4. Tax Liability: Gross Payroll Expense for Period: $ 0.00 -------------- Gross Sales for Period Subject to Sales Tax $ 0.00 -------------- Post-Petition taxes Still Date Paid Amount Paid* Owing --------- ------------ ----- Federal Payroll and Withholding Taxes -------------- -------------- State Payroll and Withholding Taxes -------------- -------------- 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 $ 4,740.13 -------------------------------------------------------------------------------- 8. Narrative Report of Significant Events and Events out of the Ordinary Course of Business: (Attach separate sheet if necessary) ----------------------------------------------------------------------- The Debtor currently has no business operations or employees. Formerly, the Debtor was in the business of operating a "green waste" (i.e., grass clippings, leaves, tree trimmings, stumps, whole trees, sawdust, discarded lumber, paper products and manure) recycling facility located at the California Institute for Men in Chino pursuant to a contract with Waste Management, Inc. However, as a result of a fire at the processing facility in December 1999, the Debtor was forced to suspend its operations. The state of California has made clear that the Chino recycling facility will never be allowed to reopen.
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 None $250.00 March 2, 2001 $ 250.00 1001 ------------------- ----------------- ---------------- ----------------- ----------------- ----------------- -------------- March 2001 10,949 $250.00 May 1, 2001 $ 250.00 1004 ------------------- ----------------- ---------------- ----------------- ----------------- ----------------- -------------- June 2001 250 $250.00 Oct. 7, 2001 $ 250.00 1005 ------------------- ----------------- ---------------- ----------------- ----------------- ----------------- -------------- Sept 2001 None $250.00 Nov 7, 2001 $ 250.00 1008 ------------------- ----------------- ---------------- ----------------- ----------------- ----------------- --------------
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
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.