-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, UcjqrorhdYIxn5zg4WjQs+k2DXkGPBhw+ji/0qqS8wxzr8T3GtJqQfNbN8YndSon UEEi2ScJ1csonUzzhVv0Og== 0000950147-01-501056.txt : 20010606 0000950147-01-501056.hdr.sgml : 20010606 ACCESSION NUMBER: 0000950147-01-501056 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20010604 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010605 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TESSERACT GROUP INC CENTRAL INDEX KEY: 0000873601 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EDUCATIONAL SERVICES [8200] IRS NUMBER: 411581297 STATE OF INCORPORATION: MN FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-11111 FILM NUMBER: 1654186 BUSINESS ADDRESS: STREET 1: 4515 E MUIRWOOD DR CITY: PHOENIX STATE: AZ ZIP: 85048 BUSINESS PHONE: 4807062500 MAIL ADDRESS: STREET 1: 3820 E BAY RAOD CITY: PHOENIX STATE: AZ ZIP: 85044 FORMER COMPANY: FORMER CONFORMED NAME: EDUCATION ALTERNATIVES INC/MN DATE OF NAME CHANGE: 19930328 8-K 1 e-6959.txt CURRENT REPORT DTD. 05/31/2001 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 June 4, 2001 Date of Report (Date of earliest event reported) THE TESSERACT GROUP, INC. (Exact name of registrant as specified in its charter) Minnesota 1-11111 41-1581297 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 4515 E. Muirwood Drive Phoenix, Arizona 85048 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (480) 940-6300 (Former name or former address, if changed since last report.) ITEM 5. OTHER EVENTS As previously disclosed, the TesseracT Group, Inc. and its wholly owned subsidiary, Sunrise Educational Services, Inc. ("Sunrise") filed for reorganization under Chapter 11 of the United States Bankruptcy Code on October 6, 2000. Monthly Operating Reports for April 2001 as filed with the United States Bankruptcy Court for the District of Arizona for The TesseracT Group, Inc. and Sunrise are attached hereto as Exhibits 99.1 and 99.2. ITEM 7. FINANCIAL STATEMENTS; EXHIBITS. Exhibit No. ----------- 99.1 Monthly Operating Report of The TesseracT Group, Inc. for April 2001. 99.2 Monthly Operating Report of Sunrise for April 2001. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. THE TESSERACT GROUP, INC. Dated: June 5, 2001 By /s/ Douglass E. Snell ------------------------------------ Douglass E. Snell Controller EXHIBITS Exhibit No. Description ----------- ----------- 99.1 Monthly Operating Report of The TesseracT Group, Inc. for April 2001. 99.2 Monthly Operating Report of Sunrise for April 2001. EX-99.1 2 ex99-1.txt MO. OPERATING REPORT OF TESSERACT FOR APRIL 2001 Exhibit 99.1 IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF ARIZONA In re: ) CASE NO. B-00-10938-ECF-RTB ) THE TESSERACT GROUP, INC. ) BUSINESS AND INDUSTRY ) MONTHLY OPERATING REPORT ) ) MONTH OF APRIL ) Debtor(s) ) DATE PETITION FILED: October 6, 2000 ) ) TAX PAYER ID NO. 4101581297 Nature of Debtor's Business: For Profit Educational Services DATE DISCLOSURE STATEMENT: FILED Not Yet Filed TO BE FILED To Be Determined ------------- ---------------- DATE PLAN OF REORGANIZATION: FILED Not Yet Filed TO BE FILED To Be Determined ------------- ---------------- I CERTIFY UNDER PENALTY OF PERJURY THAT THE FOLLOWING MONTHLY OPERATING REPORT AND THE ACCOMPANYING ATTACHMENTS ARE TRUE AND CORRECT TO THE BEST OF MY KNOWLEDGE. RESPONSIBLE PARTY: CEO - ---------------------------------------- ---------- ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE Michael Lynch - ---------------------------------------- ---------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ Douglass E. Snell Controller - ---------------------------------------- ---------- ORIGINAL SIGNATURE OF PREPARER TITLE Douglass E. Snell - ---------------------------------------- ---------- PRINTED NAME OF PREPARER DATE PERSON TO CONTACT REGARDING THIS REPORT: Douglass E. Snell --------------------------------------- PHONE NUMBER: 480-783-4317 --------------------------------------- ADDRESS: 4515 E. Muirwood Dr. Phoenix, AZ 85048 --------------------------------------- ORIGINAL OF REPORT IS FILED WITH THE COURT, COPY IS FILED WITH U.S. TRUSTEE'S OFFICE THE TESSERACT GROUP, INC. B-00-10938-ECF-RTB MONTH: APRIL 2001 RECEIPTS AND DISBURSEMENTS
BANK ACCOUNTS ----------------------------------------------------------------------------------------------- AMOUNTS REPORTED SHOULD BE NATIONAL GROUP GROUP GROUP TESSERACT GROUP TESSERACT PER THE DEBTOR'S BOOKS, DEPOSITORY DEPOSITORY MEDICAL PAYROLL OPERATING CHARTER not per the bank statement #944-010-7759 #022-922-6741 #022-922-6576 #022-922-6576 #022-978-8101 #022-922-6808 ------------- ------------- ------------- ------------- ------------- ------------- ACCOUNT BALANCE - BEGINNING OF MONTH -- 328,834.64 -- -- -- 40,990.39 RECEIPTS STUDENT FEES 1,136,314.73 195,691.74 CHARTER SCHOOL REVENUE 466,008.91 ACCOUNTS RECEIVABLE -- INTEREST 1,350.93 SALE OF ASSETS TRANSFERS IN FROM OTHER ACCOUNTS 1,363,768.46 6,422.90 800,762.40 275,150.80 8,684.09 OTHER (ATTACH LIST) TOTAL RECEIPTS 1,136,314.73 1,560,811.13 6,422.90 800,762.40 275,150.80 474,693.00 DISBURSEMENTS BUSINESS - ORDINARY OPERATIONS -- 15,023.55 6,422.90 349,537.82 162,026.28 40,618.45 CAPITAL IMPROVEMENTS PRE-PETITION DEBT TRANSFERS TO OTHER DIP ACCOUNTS 1,136,314.73 1,082,336.10 226,953.73 PAYMENTS MADE FOR SUNRISE EDU. 479,026.56 451,224.58 114,027.43 OTHER (VOIDS) (902.91) REORGANIZATION EXPENSES: ATTORNEY FEES ACCOUNTANT FEES OTHER PROFESSIONAL FEES U.S. TRUSTEE QUARTERLY FEE COURT COSTS TOTAL DISBURSEMENTS 1,136,314.73 1,576,386.21 6,422.90 800,762.40 275,150.80 267,572.18 ------------- ------------- ------------- ------------- ------------- ------------- ACCOUNT BALANCE - END OF MONTH -- 313,259.56 -- -- -- 248,111.21 ============= ============= ============= ============= ============= ============= BANK ACCOUNTS ------------------------------------------------------------------------------------- AMOUNTS REPORTED SHOULD BE CHARTER FIRST FEDERAL CREDITOR PETTY CASH PER THE DEBTOR'S BOOKS, EXTRACURRICULAR CREDIT UNION RESERVE EAGAN MINNESOTA not per the bank statement #022-922-7442 #4002-0270-922 #052-980-2118 #1-801-9204-8049 TOTAL ------------- -------------- ------------- ---------------- ---------------- ACCOUNT BALANCE - BEGINNING OF MONTH 8,684.09 11,668.98 410,869.87 500.00 801,547.97 RECEIPTS STUDENT FEES 1,332,006.47 CHARTER SCHOOL REVENUE 466,008.91 ACCOUNTS RECEIVABLE -- INTEREST 37.21 5,157.00 6,545.14 SALE OF ASSETS -- -- TRANSFERS IN FROM OTHER ACCOUNTS 2,454,788.65 OTHER (ATTACH LIST) -- TOTAL RECEIPTS -- 37.21 5,157.00 -- 4,259,349.17 DISBURSEMENTS BUSINESS - ORDINARY OPERATIONS 11,706.19 585,335.19 CAPITAL IMPROVEMENTS -- PRE-PETITION DEBT -- TRANSFERS TO OTHER DIP ACCOUNTS 8,684.09 500.00 2,454,788.65 PAYMENTS MADE FOR SUNRISE EDU. 1,044,278.57 OTHER (VOIDS) (902.91) REORGANIZATION EXPENSES: ATTORNEY FEES -- ACCOUNTANT FEES -- OTHER PROFESSIONAL FEES -- U.S. TRUSTEE QUARTERLY FEE -- COURT COSTS -- TOTAL DISBURSEMENTS 8,684.09 11,706.19 -- 500.00 4,083,499.50 ------------- -------------- ------------- ---------------- ---------------- ACCOUNT BALANCE - END OF MONTH -- -- 416,026.87 -- 977,397.64 ============= ============== ============= ================ ================ THE FOLLOWING SECTION MUST BE FILLED OUT DISBURSEMENTS FOR CALCULATING QUARTERLY FEES: TOTAL DISBURSEMENTS FROM ABOVE 4,083,499.50 LESS: TRANSFERS OUT TO OTHER DIP ACCOUNTS (2,454,788.65) LESS: PAYMENTS MADE FOR SUNRISE EDUCATIONAL SERVICES, INC. (1,044,278.57) PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. PAYMENTS FROM ESCROW OR 2-PARTY CHECKS) ---------------- TOTAL DISBURSEMENTS FOR CALCULATING QUARTERLY FEES: 584,432.28 ================
2 The Tesseract Group (excl. Sunrise) Statement of Operations For the Month Ending April 30, 2001 Revenue Tuition and Fees Revenue $ 407,007.61 Charter Revenue 205,647.41 Transportation Revenue -- Food Revenue 7,649.53 Refunds/Returns (175.17) Discounts (2,013.23) -------------- Total Revenue 618,116.15 -------------- Operational Costs Salaries and Wages 241,830.45 Taxes and Benefits 21,474.38 Classroom Expenses 10,290.74 Food Programs Expense 8,223.14 Transportation Expenses 288.83 Maintenance Expense 14,234.86 Insurance Expense 2,330.96 Internet Expense -- Rent Expense 39,643.25 Security Services Expense 363.14 Personal Property Tax Expense 20.23 Real Property Tax Expense 137.36 Utilities Expense 7,254.15 -------------- Total Operational Costs 346,091.49 -------------- General & Administrative Costs Advertising, Mktg, Promo Exp -- Audit & Tax Expense -- Bad Debt Expense 350.95 Bank Charges/Processing Fees-A 5,172.31 Computer/Technology Expense -- Consultant Fees Expense -- Investor Relations Expense -- Licenses & Fees Expense (84.00) Office/School Supplies Expense 427.05 Penalties & Late Fees Expense -- Postage and Printing Expense 710.85 Pre-Employment Expense -- Telephone Expense 5,462.12 Travel Expense 37.20 Closed School Expense -- Corporate Overhead 157,432.93 Corporate Overhead Allocated to Sunrise (78,716.00) Other Expenses 267.16 -------------- Total General and Administrative Expenses 91,060.57 -------------- Gain/Loss on Sales of Fixed Assets -- Other Expense (75.79) Interest Expense (81,301.05) -------------- Net Interest and Other Income (Expense) (81,376.84) -------------- Depreciation Expense 56,777.37 -------------- Total Depreciation and Amortization 56,777.37 -------------- Reorganization Expenses Professional Fees 85,751.47 Professional Fees Allocated to Sunrise (42,876.00) -------------- Total Reorganization Expenses 42,875.47 -------------- Net Income $ (65.59) ============== 3 The Tesseract Group (excl. Sunrise) Balance Sheet April 30, 2001 ASSETS Current Assets Cash and Cash Equivalents $ 1,098,485.65 Accounts Receivable, net 98,793.73 Note Receivable from Nobel -- Prepaid Rent 66,008.99 Other Prepaid Expenses 470,261.44 ----------------- Total Current Assets 1,733,549.81 Investment in Sunrise 18,971,824.26 Property and Equipment, net 4,020,503.06 Deposits and Other Assets 1,489,697.22 ----------------- Total Assets $ 26,215,574.35 ================= LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities Accounts Payable $ 46,128.69 Accrued Payroll and Benefits 996,676.03 Accrued Payroll Taxes 73,988.06 Deferred Revenue and Tuition Deposits 1,271,003.62 ----------------- Total Current Liabilities 2,387,796.40 ----------------- Pre-Petition Liabilities Line of Credit 5,848,822.65 Accounts Payable 4,012,102.67 Other Unsecured Notes Payable 865,500.00 Other Current Liabilities 4,179,555.61 Long-Term Debt 3,050,849.46 ----------------- Total Pre-Petition Liabilities 17,956,830.39 ----------------- Due to Sunrise 869,684.80 Reserve for Closed Schools 504,099.10 Other Long-Term Obligations 48,999.76 ----------------- Total Long-Term Liabilities 1,422,783.66 ----------------- Total Liabilities 21,767,410.45 ----------------- Shareholders' Equity Pre-Petition Shareholders' Equity 5,315,239.17 Post Petition Retained Deficit (867,075.27) ----------------- Total Shareholders' Equity 4,448,163.90 ----------------- Total Liabilities and Shareholders' Equity $ 26,215,574.35 ================= 4 CASE NUMBER: B-00-10938-ECF-RTB STATUS OF ASSETS 0-30 31-60 60+ ACCOUNTS RECEIVABLE TOTAL DAYS DAYS DAYS - ------------------- ----- ---- ---- ---- TOTAL ACCOUNTS RECEIVABLE 98,794 16,875 17,819 64,100 LESS: AMOUNT CONSIDERED UNCOLLECTIBLE 8,720 8,720 ACCOUNTS RECEIVABLE (NET) 90,074 16,875 17,819 55,380 SCHEDULED CURRENT FIXED ASSETS AMOUNT ADDITIONS DELETIONS AMOUNT - ------------ ------ --------- --------- ------ REAL PROPERTY 1,867,408 1,867,408 BUILDING IMPROVEMENTS/PLANT 846,395 16,066 372,442 490,019 ACCUMULATED DEPRECIATION (136,823) (33,112) (110,273) (59,662) NET BUILDINGS/PLANT 709,573 (17,047) 262,169 430,357 EQUIPMENT 5,466,149 11,637 2,112,054 3,365,731 ACCUMULATED DEPRECIATION (2,404,930) (533,426) (1,201,434) (1,736,923) NET EQUIPMENT 3,061,218 (521,789) 910,621 1,628,808 AUTOS & VEHICLES 557,586 222,162 335,424 ACCUMULATED DEPRECIATION (259,791) (65,272) (83,570) (241,492) NET AUTOS & VEHICLES 297,795 (65,272) 138,592 93,932 NOTE: Reduction in assets due to sale of Eagan, Paradise Valley and Ahwatukee private schools 5 CASE NUMBER: B-00-10938-ECF-RTB STATUS OF LIABILITIES AND SENSITIVE PAYMENTS POSTPETITION UNPAID OBLIGATIONS TOTAL 0-30 31-60 61-90 91+ ------------------ --------- --------- ----- ----- ------ ACCOUNTS PAYABLE 46,129 30,874 6,455 -- 8,800 TAXES PAYABLE 73,988 73,988 ACCRUED SALARIES AND BENEFITS 996,676 996,676 PREPAID TUITION AND DEPOSITS 1,271,004 1,271,004 SECURED DEBT OTHER (ATTACH LIST) --------- --------- ----- ----- ------ TOTAL POST-PETITION LIABILITIES 2,387,797 2,372,542 6,455 -- 8,800 ========= ========= ===== ===== ====== PAYMENTS TO INSIDERS AND PROFESSIONALS INSIDERS AMOUNT PD TOTAL PD NAME REASON FOR PAYMENT THIS MONTH TO DATE - ---- ------------------ ---------- ------- Lucian Spataro Wages and Exp. Reimbursement -- 129,134.79 Ernie Recsetar Wages -- 22,000.00 Michael Lynch Wages and Exp. Reimbursement 16,151.00 104,689.09 Gary Lilyquist Wages and Exp. Reimbursement -- 80,239.99 ---------- ----------- TOTAL PAYMENTS TO INSIDERS 16,151.00 336,063.87 ========== =========== PROFESSIONALS DATE OF COURT TOTAL ORDER AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED NAME PAYMENT APPROVED PAID TO DATE & UNPAID - ---- ------- -------- ---- ------- -------- Bryan Cave 47,759.54 47,759.54 47,759.54 Engleman & Berger, PC 20,075.43 20,075.43 45,094.95 6 CASE NUMBER: B-00-10938-ECF-RTB CASE STATUS QUESTIONNAIRE YES NO --- -- HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT OTHER THAN A DEBTOR IN POSSESSION ACCOUNT? NO ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES, OR LOANS) DUE FROM RELATED PARTIES? NO ARE ANY WAGE PAYMENTS PAST DUE? NO ARE ANY U.S. TRUSTEE QUARTERLY FEES DELINQUENT? NO CURRENT NUMBER OF EMPLOYEES: 210 INSURANCE CARRIER AND PERIOD EXPIRATION PAYMENT AMOUNT TYPE OF POLICY POLICY NUMBER COVERED DATE & FREQUENCY - -------------- ------------- ------- ---- ----------- Gen Liability CLI0020446 3/1/01 6/15/01 Paid in full Auto Liability 70APN164181 3/1/01 6/1/01 Paid in full Excess Liability UMI0000567 3/1/01 6/15/01 Paid in full Workers Comp 307512-4 12/1/00 11/30/01 Monthly as a % of PR Blanket Contents 59UUMUN3158 3/1/01 6/15/01 Paid in full WHAT STEPS HAVE BEEN TAKEN TO REMEDY ANY OF THE PROBLEMS THAT BROUGHT ABOUT THE CHAPTER 11 FILING? Purchasing of new schools has ceased, and administrative expenses have been reduced. Other restructuring measures are being considered. LIST ANY MATTERS THAT ARE DELAYING THE FILING OF A PLAN OF REORGANIZATION? 7 THE TESSERACT GROUP, INC. CASH FLOW ANALYSIS B-00-10938-ECF-RTB BEGINNING FUNDS AVAILABLE: $ 655,666.04 ------------ Cash In: Credit Card Deposit (Private) 27,017.09 Credit Card Deposit (Charter) 1,265.00 Regular Deposits (Private) 102,096.13 Regular Deposits (Charter) 93,100.38 Regular Deposits (Corporate) 9,590.60 Other Deposit (Charter) 466,008.91 Interest 6,545.14 ------------ Daily Cash In: $ 705,623.25 Cash Out: Charter A/P 40,618.45 Private A/P 47,998.85 Corporate A/P 228,054.86 Corporate A/P (allocated to Sunrise) (114,027.43) TesseracT Payroll 245,993.59 Charter Payroll 103,544.23 Medical Claims 6,422.90 Banking Fees 15,023.55 LTC Payment 11,706.19 Voids (902.91) ------------ Daily Cash Out: $ 584,432.28 ------------ Net Cash In/Out: $ 121,190.97 ------------ ENDING FUNDS AVAILABLE: $ 776,857.01 ============ 8 THE TESSERACT GROUP, INC. CONSOLIDATED CASH FLOW ANALYSIS TOTAL FOR APRIL 2001 BEGINNING FUNDS AVAILABLE: $ 801,547.97 -------------- Cash In: Telecheck $ 195,691.74 Credit Card Deposit (Preschools) 485,012.21 Credit Card Deposit (Private) 27,017.09 Credit Card Deposit (Charter) 1,265.00 Regular Deposits (Preschools) 422,693.32 Regular Deposits (Private) 102,096.13 Regular Deposits (Charter) 93,100.38 Regular Deposits (Corporate) 9,590.60 Other Deposit (Charter) 466,008.91 Interest 6,507.93 Interest on LTC Acct 37.21 Voids 902.91 -------------- Daily Cash In: $ 1,809,923.43 Cash Out: Preschool A/P $ 479,026.56 Charter A/P 40,618.45 Private A/P 47,998.85 Corporate A/P 228,054.86 TesseracT Payroll 245,993.59 Preschool Payroll 451,224.58 Charter Payroll 103,544.23 College PR -- Preschool NSF 4,460.00 Medical Claims 6,422.90 Banking Fees 15,023.55 LTC Payment 11,706.19 LTC Fees -- -------------- Daily Cash Out: $ 1,634,073.76 -------------- Net Cash In/Out: $ 175,849.67 -------------- ENDING FUNDS AVAILABLE: $ 977,397.64 ============== 9 Owned Charters VENDOR CHECK REGISTER REPORT Payables Management * Voided Checks
Audit Check Number Vendor ID Vendor Check Name Check Date Checkbook ID Trail Code Amount - ------------ --------- ----------------- ---------- ------------ ---------- ------ 800050448 ATTGA0000-B ATT-GA-277019 4/4/2001 OPERATING PMCHK00000067 $297.50 800050449 CLS000000-B CLS/CLEANWAY 4/4/2001 OPERATING PMCHK00000067 $292.92 800050450 MOOJEN000-B MOORE, JENNIFER 4/4/2001 OPERATING PMCHK00000067 $342.02 800050451 US0WES003-B US WEST COMMUNICATIONS-29060 4/4/2001 OPERATING PMCHK00000067 $411.59 800050452 AT&T78522-B AT&T - 78522 4/10/2001 OPERATING PMPAY00000001 $936.62 800050454 ACCENT000-B ACCENT ENTERTAINMENT 4/12/2001 OPERATING PMCHK00000068 $815.00 800050455 ATHIN0000-B ATHLETES IN TRAINING 4/12/2001 OPERATING PMCHK00000068 $1,320.00 800050456 CITPHOWAT-B CITY OF PHOENIX (WATER SVCS)29 4/12/2001 OPERATING PMCHK00000068 $325.26 800050457 CITSIEVI2-B CITY OF SIERRA VISTA 4/12/2001 OPERATING PMCHK00000068 $174.57 800050458 IKOOFF001-B IKON OFFICE SOLUTION (AZ) 4/12/2001 OPERATING PMCHK00000068 $93.36 800050459 OUTAFR000-B OUT of AFRICA 4/12/2001 OPERATING PMCHK00000068 $93.50 800050460 PAIPAR000-B PAINTING IN THE PARK 4/12/2001 OPERATING PMCHK00000068 $360.00 800050461 SOUGAS000-B SOUTHWEST GAS CORPORATION 4/12/2001 OPERATING PMCHK00000068 $288.78 800050462 THUMOU000-B THUNDER MOUNTAIN CLEANING SERV 4/12/2001 OPERATING PMCHK00000068 $2,588.50 800050463 WASMAN001-B WASTE MANAGEMENT OF ARIZONA 4/12/2001 OPERATING PMCHK00000068 $444.21 800050463 PAIPAR000-B PAINTING IN THE PARK 4/12/2001 OPERATING PMCHK00000069 $252.00 800050464 WHIANN000-B ANN WHITFIELD 4/12/2001 OPERATING PMCHK00000069 $138.00 800050465 FIRWES000-B FIRST WEST PROPERTIES 4/27/2001 OPERATING PMCHK00000070 $19,393.59 800050466 APS200000-B APS - 2907 4/27/2001 OPERATING PMCHK00000071 $1,280.24 800050467 ATHIN0000-B ATHLETES IN TRAINING 4/27/2001 OPERATING PMCHK00000071 $3,600.00 800050468 BUEHIG000 BUENA HIGH PRINT 4/27/2001 OPERATING PMCHK00000071 $91.85 800050469 CAMCLA000-B CLAUDIA CAMACHO 4/27/2001 OPERATING PMCHK00000071 $12.40 800050470 CITPHOWAT-B CITY OF PHOENIX (WATER SVCS)29 4/27/2001 OPERATING PMCHK00000071 $65.58 800050471 CLS000000-B CLS/CLEANWAY 4/27/2001 OPERATING PMCHK00000071 $292.92 800050472 CON000000-B CONCENTRA 4/27/2001 OPERATING PMCHK00000071 $288.74 800050473 HUNLIL000-B HUNT, LILLIAN 4/27/2001 OPERATING PMCHK00000071 $24.80 800050474 IKOOFF003-B IKON OFFICE SOLUTIONS (CA) 4/27/2001 OPERATING PMCHK00000071 $261.54 800050475 KP0LIM000-B KP LIMITED INC 4/27/2001 OPERATING PMCHK00000071 $1,914.75 800050476 MANLIF000-B MANULIFE FINNANCIAL 4/27/2001 OPERATING PMCHK00000071 $344.21 800050477 TERINT000-B TERMINEX INTERNATIONAL 4/27/2001 OPERATING PMCHK00000071 $77.00 800050478 THEREH000-B THERAPY REHABILITATION SERVICE 4/27/2001 OPERATING PMCHK00000071 $2,910.00 800050479 TOUAME000-B TOUCH AMERICA 4/27/2001 OPERATING PMCHK00000071 $16.37 800050480 U0CWIN000-B U-C WINDOW CLEANING 4/27/2001 OPERATING PMCHK00000071 $146.28 800050481 WELFAR001-B WELLS FARGO FIN/HUGHES CALIHAN 4/27/2001 OPERATING PMCHK00000071 $380.14 800050482 MANLIF000-B MANULIFE FINNANCIAL 4/30/2001 OPERATING PMCHK00000072 $344.21 ---------- Total Checks: 35 Total Amount of Checks: $40,618.45 ==========
10 Corporate Company VENDOR CHECK REGISTER REPORT Payables Management * Voided Checks
Audit Check Number Vendor ID Vendor Check Name Check Date Checkbook ID Trail Code Amount - ------------ --------- ----------------- ---------- ------------ ---------- ------ 200012728 LYN000000-B LYNCH,MICHAEL 4/3/2001 OPERATING2 PMCHK00000222 $380.10 200012729 CT0COR000-B CT CORPORATION SYSTEM 4/4/2001 OPERATING2 PMCHK00000223 $386.00 200012730 FEDEXP000-B FEDERAL EXPRESS 4/4/2001 OPERATING2 PMCHK00000223 $280.00 200012731 KP0LIM000-B KP LIMITED INC 4/4/2001 OPERATING2 PMCHK00000223 $61.78 200012732 SIESPR000-B SIERRA SPRINGS 4/4/2001 OPERATING2 PMCHK00000223 $32.78 200012733 SUMSCH000-B SUMMIT SCHOOL OF AHWATUKEE 4/4/2001 OPERATING2 PMCHK00000223 $1,556.45 200012734 WELFAR003-B WELLS FARGO (MN) 4/4/2001 OPERATING2 PMCHK00000223 $813.57 200012735 Q0MINC000-B Q-MATRIX INC 4/4/2001 OPERATING2 PMCHK00000223 $1,991.52 200012736 SHUAHW000-B SHRGARD OF AHWATUKEE 4/4/2001 OPERATING2 PMCHK00000223 $602.82 200012737 ATTGA0000-B ATT-GA-277019 4/4/2001 OPERATING2 PMCHK00000224 $752.40 200012738 GENJAM000-B JAMES GENOBAGA 4/4/2001 OPERATING2 PMCHK00000224 $202.33 200012739 IKOOFF002-B IKON OFFICE SOLUTION (MN) 4/4/2001 OPERATING2 PMCHK00000224 $199.45 200012741 PITBOW000-B PITNEY BOWES CREDIT CORP-85646 4/4/2001 OPERATING2 PMCHK00000224 $84.85 200012742 SHAFOO000-B SHAMROCK FOODS COMPANY 4/4/2001 OPERATING2 PMCHK00000224 $34.42 200012743 PEONAT000-B PEOPLES NATURAL GAS 4/4/2001 OPERATING2 PMCHK00000224 $3,647.93 200012744 SHAFOO000-B SHAMROCK FOODS COMPANY 4/4/2001 OPERATING2 PMCHK00000224 $231.40 200012746 VANPAP000-B VAN PAPER COMPANY 4/4/2001 OPERATING2 PMCHK00000224 $355.71 200012747 WESINN000-B WESTERN INNOVATIONS INC 4/4/2001 OPERATING2 PMCHK00000224 $1,900.00 200012748 COUCHE000-B COURTESY CHEVROLET 4/4/2001 OPERATING2 PMCHK00000224 $344.32 200012749 DANKID000-B DANCERCISE KIDS 4/4/2001 OPERATING2 PMCHK00000224 $312.00 200012750 NORSTA000-B NORTHERN STATES POWER 4/4/2001 OPERATING2 PMCHK00000224 $1,457.45 200012751 LYN000000-B LYNCH,MICHAEL 4/5/2001 OPERATING2 PMCHK00000225 $390.30 200012752 BONJAM000-B JAMES BONFIGLIO 4/10/2001 OPERATING2 PMCHK00000226 $4,612.50 200012753 COLGEN000-B COLONIAL GENERAL INSURANCE 4/10/2001 OPERATING2 PMCHK00000226 $37,160.00 200012754 CHAKRI000-B KRISTIE CHAN 4/13/2001 OPERATING2 PMCHK00000227 $500.00 200012755 LYN000000-B LYNCH,MICHAEL 4/13/2001 OPERATING2 PMCHK00000227 $384.72 200012756 SNELDO000-B DOUG SNELL 4/13/2001 OPERATING2 PMCHK00000227 $99.89 200012759 ADAROA000-B ADAM ROACH 4/17/2001 OPERATING2 PMCHK00000228 $405.00 200012760 ALLFOO001-B ALLIANT FOODSERVICE - AZ 4/17/2001 OPERATING2 PMCHK00000228 $360.51 200012761 AMELIN000-B AMERIPRIDE LINEN AND APPAREL 4/17/2001 OPERATING2 PMCHK00000228 $21.54 200012762 AMESTU000-B AMERICAN STUDENT TRANSPORTATIO 4/17/2001 OPERATING2 PMCHK00000228 $342.00 200012763 APS200000-B APS - 2907 4/17/2001 OPERATING2 PMCHK00000228 $3,991.34 200012764 AT&T78522-B AT&T - 78225 4/17/2001 OPERATING2 PMCHK00000228 $18.63 200012765 DOCTEC000-B DOCUMENT TECHNOLOGIES 4/17/2001 OPERATING2 PMCHK00000228 $1,142.28 200012766 NES000000-B NESTER,ELAINE 4/17/2001 OPERATING2 PMCHK00000228 $136.47 200012767 PARWAS000-B PARADISE WASTE SERVICES 4/17/2001 OPERATING2 PMCHK00000228 $184.73 200012768 PITBOW000-B 856 PITNEY BOWES INC 4/17/2001 OPERATING2 PMCHK00000228 $220.38 200012769 SHAFOO000-B SHAMROCK FOODS COMPANY 4/17/2001 OPERATING2 PMCHK00000228 $55.48 200012770 US0WES003-B US WEST COMMUNICATIONS-29060 4/17/2001 OPERATING2 PMCHK00000228 $147.82 200012771 VANPAP000-B VAN PAPER COMPANY 4/17/2001 OPERATING2 PMCHK00000228 $147.24 200012772 AICRED000-B A.I. CREDIT CORP. 4/17/2001 OPERATING2 PMCHK00000229 $10,529.51 200012773 ATTAZ0000-B ATT-AZ 4/17/2001 OPERATING2 PMCHK00000229 $22.41 200012774 FEDEXP000-B FEDERAL EXPRESS 4/17/2001 OPERATING2 PMCHK00000229 $265.72 200012775 IKOOFF001-B IKON OFFICE SOLUTION (AZ) 4/17/2001 OPERATING2 PMCHK00000229 $186.73 200012776 IOSCAP-GA-B IOS CAPITAL-GA 4/17/2001 OPERATING2 PMCHK00000229 $445.41 200012777 MAN FIN000-B MANULIFE FINANCIAL 4/17/2001 OPERATING2 PMCHK00000229 $4,493.03 200012778 MOOBRI000-B MOORE, BRIAN 4/17/2001 OPERATING2 PMCHK00000229 $35.00 200012779 RIVJUD000-B JUDI RIVERA 4/17/2001 OPERATING2 PMCHK00000229 $20.75 200012780 SHE000000-B SHEARER,DAN 4/17/2001 OPERATING2 PMCHK00000229 $275.40 200012781 SPEINC000-B SPECTERA, INC. 4/17/2001 OPERATING2 PMCHK00000229 $779.10 200012782 CAVBRY000-B BRYAN CAVE LLP 4/19/2001 OPERATING2 PMCHK00000230 $47,759.34 200012783 ARC000000-B ARC 4/19/2001 OPERATING2 PMCHK00000231 $339.72 200012784 ARC000000-B ARC 4/19/2001 OPERATING2 PMCHK00000231 $71.46 200012785 CIGEMP000-B CIGNA EMPLOYEE BENE-PPO 4/19/2001 OPERATING2 PMCHK00000231 $12,984.58 200012786 CONGENLIF-B CONNECTICUT GENERAL LIFE-DENT 4/19/2001 OPERATING2 PMCHK00000231 $4,940.45 200012787 CONGENLIF-B CONNECTICUT GENERAL LIFE-DENT 4/19/2001 OPERATING2 PMCHK00000231 $46,355.92 200012788 MAN FIN000-B MANULIFE FINANCIAL 4/19/2001 OPERATING2 PMCHK00000232 $3,548.74 200012789 ARC000000-B ARC 4/19/2001 OPERATING2 PMCHK00000233 $232.61 200012790 NOBSCH000-B NOBEL SCHOOL MGMT SVC 4/19/2001 OPERATING2 PMCHK00000234 $7,965.00 200012791 HARBRA000-B HARCOURT BRACE - EDUCATIONAL M 4/24/2001 OPERATING2 PMCHK00000235 $830.00 200012792 USTRUS000-B US TRUSTEE PROGRAM PMT CTR 4/25/2001 OPERATING2 PMCHK00000236 $7,500.00 200012793 LYN000000-B LYNCH,MICHAEL 4/25/2001 OPERATING2 PMCHK00000237 $177.57 200012794 LANMAR000-B MARK LANE 4/26/2001 OPERATING2 PMCHK00000238 $30.39 200012795 LYN000000-B LYNCH,MICHAEL 4/27/2001 OPERATING2 PMCHK00000239 $1,165.39 200012796 CITSCOUTI-B CITY OF SCOTTSDALE-UTILITIES 4/27/2001 OPERATING2 PMCHK00000240 $769.32 200012797 CULWAT000-B CULLIGAN WATER COND 4/27/2001 OPERATING2 PMCHK00000240 $119.05 200012798 HOOCHR000-B CHRIS HOOPER 4/27/2001 OPERATING2 PMCHK00000240 $245.00
11 Corporate Company VENDOR CHECK REGISTER REPORT Payables Management * Voided Checks
Audit Check Number Vendor ID Vendor Check Name Check Date Checkbook ID Trail Code Amount - ------------ --------- ----------------- ---------- ------------ ---------- ------ 200012799 KP0LIM000-B KP LIMITED INC 4/27/2001 OPERATING2 PMCHK00000240 $5,442.55 200012800 MOESAN000-B SANDY MOED 4/27/2001 OPERATING2 PMCHK00000240 $200.00 200012801 MUSINV000-B MUSCOLINO INVENTORY SVSC 4/27/2001 OPERATING2 PMCHK00000240 $337.50 200012802 SHAFOO000-B SHAMROCK FOODS COMPANY 4/27/2001 OPERATING2 PMCHK00000240 $22.19 200012803 U0CWIN000-B U-C WINDOW CLEANING 4/27/2001 OPERATING2 PMCHK00000240 $275.00 200012804 US0WES003-B US WEST COMMUNICATIONS-29060 4/27/2001 OPERATING2 PMCHK00000240 $3,211.21 200012805 ACMLOC000-B ACME LOCKSMITH CO 4/27/2001 OPERATING2 PMCHK00000241 $90.00 200012806 FEDEXP000-B FEDERAL EXPRESS 4/27/2001 OPERATING2 PMCHK00000241 $601.08 200012807 GREPLA000-B GREAT PLAINS 4/27/2001 OPERATING2 PMCHK00000241 $198.25 200012808 IMPFIN000-B IMPERIAL FINANCIAL PRINTING 4/27/2001 OPERATING2 PMCHK00000241 $490.00 200012809 MINDEP000-B MINNESOTA DEPT OF REVENUE 4/27/2001 OPERATING2 PMCHK00000241 $927.73 200012810 SHUAHW000-B SHRGARD OF AHWATUKEE 4/27/2001 OPERATING2 PMCHK00000241 $296.91 200012811 THEHAR000-B THE HARTFORD 4/27/2001 OPERATING2 PMCHK00000241 $6,071.00 200012812 UNIPAR000-B UNITED PARCEL SERVICE-UPS 4/27/2001 OPERATING2 PMCHK00000241 $80.00 200012813 AT&T29060-B AT&T - 29060 4/27/2001 OPERATING2 PMCHK00000241 $262.85 200012814 US0WES003-B US WEST COMMUNICATIONS-29060 4/27/2001 OPERATING2 PMCHK00000241 $2,557.33 200012815 KP0LIM000-B KP LIMITED INC 4/27/2001 OPERATING2 PMCHK00000241 $530.67 200012816 US0WES003-B US WEST COMMUNICATIONS-29060 4/27/2001 OPERATING2 PMCHK00000241 $445.59 200012818 AT&TWIR06-B AT&T WIRELESS SERVICES-PHOENIX 4/30/2001 OPERATING2 PMCHK00000242 $4,196.52 200012819 ENGBER000-B ENGELMAN BERGER,P.C. 4/30/2001 OPERATING2 PMCHK00000243 $20,075.43 ----------- Total Checks: 87 Total Amount of Checks: $264,347.52 ===========
12 EX-99.2 3 ex99-2.txt MO. OPERATING REPORT OF SUNRISE FOR APRIL 2001 Exhibit 99.2 IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF ARIZONA In re: ) CASE NO. B-00-10939-ECF-RTB ) SUNRISE EDUCATIONAL SERVICES ) BUSINESS AND INDUSTRY ) MONTHLY OPERATING REPORT ) ) MONTH OF APRIL ) Debtor(s) ) DATE PETITION FILED: October 6, 2000 ) ) TAX PAYER ID NO. 4101581297 Nature of Debtor's Business: For Profit Educational Services DATE DISCLOSURE STATEMENT: FILED Not Yet Filed TO BE FILED To Be Determined ------------- ---------------- DATE PLAN OF REORGANIZATION: FILED Not Yet Filed TO BE FILED To Be Determined ------------- ---------------- I CERTIFY UNDER PENALTY OF PERJURY THAT THE FOLLOWING MONTHLY OPERATING REPORT AND THE ACCOMPANYING ATTACHMENTS ARE TRUE AND CORRECT TO THE BEST OF MY KNOWLEDGE. RESPONSIBLE PARTY: CEO - --------------------------------------- ---------- ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE Michael Lynch - --------------------------------------- ---------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ Douglass E. Snell Controller - --------------------------------------- ---------- ORIGINAL SIGNATURE OF PREPARER TITLE Douglass E. Snell - --------------------------------------- ---------- PRINTED NAME OF PREPARER DATE PERSON TO CONTACT REGARDING THIS REPORT: Douglass E. Snell --------------------------------------- PHONE NUMBER: 480-783-4317 --------------------------------------- ADDRESS: 4515 E. Muirwood Dr. Phoenix, AZ 85048 --------------------------------------- ORIGINAL OF REPORT IS FILED WITH THE COURT, COPY IS FILED WITH U.S. TRUSTEE'S OFFICE SUNRISE EDUCATIONAL SERVICES, INC. B-00-10939-ECF-RTB MONTH: APRIL 2001 RECEIPTS AND DISBURSEMENTS BANK ACCOUNTS ------------------------------------------ AMOUNTS REPORTED SHOULD BE SUNRISE SUNRISE PMTS PER THE DEBTOR'S BOOKS, OPERATING MADE BY not per the bank statement #052-978-7889 TESSERACT TOTAL ------------- --------- -------------- ACCOUNT BALANCE - BEGINNING OF MONTH -- -- RECEIPTS STUDENT FEES -- CHARTER SCHOOL REVENUE -- ACCOUNTS RECEIVABLE -- LOANS AND ADVANCES -- SALE OF ASSETS -- TRANSFERS IN FROM OTHER ACCOUNTS 479,026.56 565,252.01 1,044,278.57 OTHER (ATTACH LIST) -- TOTAL RECEIPTS 479,026.56 565,252.01 1,044,278.57 DISBURSEMENTS BUSINESS - ORDINARY OPERATIONS 479,026.56 479,026.56 CAPITAL IMPROVEMENTS -- PRE-PETITION DEBT -- TRANSFERS TO OTHER DIP ACCOUNTS -- PAYMENTS MADE FOR SUNRISE EDU. 565,252.01 565,252.01 OTHER (ATTACH LIST) -- REORGANIZATION EXPENSES: ATTORNEY FEES -- ACCOUNTANT FEES -- OTHER PROFESSIONAL FEES -- U.S. TRUSTEE QUARTERLY FEE -- COURT COSTS -- TOTAL DISBURSEMENTS 479,026.56 565,252.01 1,044,278.57 ---------- ---------- ------------ ACCOUNT BALANCE - END OF MONTH -- -- -- ========== ========== ============ THE FOLLOWING SECTION MUST BE FILLED OUT DISBURSEMENTS FOR CALCULATING QUARTERLY FEES: TOTAL DISBURSEMENTS FROM ABOVE 1,044,278.57 LESS: TRANSFERS OUT TO OTHER DIP ACCOUNTS -- PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES ------------ TOTAL DISBURSEMENTS FOR CALCULATING QUARTERLY FEES: 1,044,278.57 ============ 2 Sunrise Educational Services, Inc. Statement of Operations For the Month Ending April 30, 2001 Revenue Tuition and Fees Revenue $ 1,213,868.39 Government Revenue 76,957.21 Food Revenue 4,524.90 Discounts (148,628.86) Refunds/Returns (7,644.97) -------------- Total Revenue 1,139,076.67 -------------- Operational Costs Salaries and Wages 479,155.75 Taxes and Benefits 52,524.74 Classroom Expenses 11,786.66 Food Programs Expense 51,893.10 Transportation Expenses 16,654.30 Maintenance Expense 61,501.24 Insurance Expense 16,863.15 Rent Expense 209,918.73 Security Services Expense 1,133.18 Personal Property Tax Expense 1,214.23 Real Property Tax Expense 5,870.26 Utilities Expense 11,610.08 -------------- Total Operational Costs 920,125.42 -------------- General & Administrative Costs Advertising, Mktg, Promo Exp 14,990.30 Bad Debt Expense 9,151.44 Bank Charges/Processing Fees-A 28,296.29 Computer/Technology Expense -- Licenses & Fees Expense 1,684.57 Office/School Supplies Expense 6,424.91 Penalties and Late Fee Charges -- Postage and Printing Expense 326.80 Pre-Employment Expense 467.00 Telephone Expense 8,508.41 Travel Expense 2,025.92 Allocated Corporate Overhead 78,716.00 Other Expenses 1,394.86 -------------- Total General and Administrative Expenses 151,986.50 -------------- Gain (Loss) on Disposal of Assets 815.00 Interest Expense (11,372.61) Other Income (Expense) -- -------------- Net Interest and Other Income (Expense) (10,557.61) -------------- Depreciation Expense 22,150.38 -------------- Total Depreciation and Amortization 22,150.38 -------------- Reorganization Expenses Bankruptcy Fees 8,000.00 Professional Fees Allocated 42,876.00 -------------- Total Reorganization Expenses 50,876.00 -------------- Net Loss $ (16,619.24) ============== 3 Sunrise Educational Services, Inc. Balance Sheet April 30, 2001 ASSETS Current Assets Cash and Cash Equivalents $ 9,500.00 Accounts Receivable, net 461,706.23 Prepaid Rent 217,967.82 Other Current Assets 27,999.92 -------------- Total Current Assets 717,173.97 Due From Tesseract 869,684.80 Property and Equipment, net 911,875.84 Deposits and Other Assets 150,334.37 -------------- Total Assets $ 2,649,068.98 ============== LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities Accounts Payable $ 54,696.31 Checks in Process of Collection 337,793.44 Payroll and Related Accruals 297,073.64 Deferred Revenue and Tuition Deposits 78,660.07 -------------- Total Current Liabilities 768,223.46 -------------- Pre-Petition Liabilities Accounts Payable 654,646.33 Other Current Liabilities 159,049.40 Long-Term Debt 222,967.25 -------------- Total Pre-Petition Liabilities 1,036,662.98 -------------- Reserve for Closed Schools 143,661.34 Other Long-Term Obligations 283,755.85 -------------- Total Long-Term Liabilities 427,417.19 -------------- Total Liabilities 2,232,303.63 -------------- Shareholders' Equity Pre-Petition Shareholders' Equity 1,157,530.96 Post Petition Retained Deficit (740,765.61) -------------- Total Shareholders' Equity 416,765.35 -------------- Total Liabilities and Shareholders' Equity $ 2,649,068.98 ============== 4 CASE NUMBER: B-00-10939-ECF-RTB STATUS OF ASSETS 0-30 31-60 60+ ACCOUNTS RECEIVABLE TOTAL DAYS DAYS DAYS - ------------------- ----- ---- ---- ---- TOTAL ACCOUNTS RECEIVABLE 461,706 378,866 72,201 10,639 LESS: AMOUNT CONSIDERED UNCOLLECTIBLE ACCOUNTS RECEIVABLE (NET) 461,706 378,866 72,201 10,639 SCHEDULED CURRENT FIXED ASSETS AMOUNT ADDITIONS DELETIONS AMOUNT - ------------ ------ --------- --------- ------ REAL PROPERTY BUILDING IMPROVEMENTS/PLANT 1,020,140 56,214 143,598 932,757 ACCUMULATED DEPRECIATION (413,993) (115,058) (80,133) (448,918) NET BUILDINGS/PLANT 606,147 (58,844) 63,465 483,838 EQUIPMENT 755,300 24,266 24,884 754,682 ACCUMULATED DEPRECIATION (511,115) (104,296) (20,531) (594,880) NET EQUIPMENT 244,186 (80,030) 4,353 159,803 AUTOS & VEHICLES 953,839 953,839 ACCUMULATED DEPRECIATION (625,670) (59,933) (685,603) NET AUTOS & VEHICLES 328,170 (59,933) -- 268,236 5 CASE NUMBER: B-00-10939-ECF-RTB STATUS OF LIABILITIES AND SENSITIVE PAYMENTS POSTPETITION UNPAID OBLIGATIONS TOTAL 0-30 31-60 61-90 91+ ------------------ ----- ---- ----- ----- ----- ACCOUNTS PAYABLE 54,696 50,126 -- 90 4,480 TAXES PAYABLE 378 378 ACCRUED PAYROLL AND BENEFITS 296,696 296,696 PREPAID TUITION 78,660 78,660 SECURED DEBT -- OUTSTANDING A/P CHECKS 337,793 337,793 OTHER (ATTACH LIST) -- ------- ------- --- --- ----- TOTAL POST-PETITION LIABILITIES 768,224 763,654 -- 90 4,480 ======= ======= === === ===== PAYMENTS TO INSIDERS AND PROFESSIONALS INSIDERS AMOUNT PD TOTAL PD NAME REASON FOR PAYMENT THIS MONTH TO DATE - ---- ------------------ ---------- ------- NONE TOTAL PAYMENTS TO INSIDERS -- -- PROFESSIONALS DATE OF COURT TOTAL ORDER AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED NAME PAYMENT APPROVED PAID TO DATE & UNPAID - ---- ------- -------- ---- ------- -------- NONE 6 CASE NUMBER: B-00-10939-ECF-RTB CASE STATUS QUESTIONNAIRE YES NO --- -- HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT OTHER THAN A DEBTOR IN POSSESSION ACCOUNT? NO ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES, OR LOANS) DUE FROM RELATED PARTIES? NO ARE ANY WAGE PAYMENTS PAST DUE? NO ARE ANY U.S. TRUSTEE QUARTERLY FEES DELINQUENT? NO CURRENT NUMBER OF EMPLOYEES: 458 INSURANCE CARRIER AND PERIOD EXPIRATION PAYMENT AMOUNT TYPE OF POLICY POLICY NUMBER COVERED DATE & FREQUENCY - -------------- ------------- ------- ---- ----------- Gen Liability CLI0020446 3/1/01 6/15/01 Paid in full Auto Liability 70APN164181 3/1/01 6/1/01 Paid in full Excess Liability UMI0000567 3/1/01 6/15/01 Paid in full Workers Comp 307512-4 12/1/00 11/30/01 Monthly as a % of PR Blanket Contents 59UUMUN3158 3/1/01 6/15/01 Paid in full WHAT STEPS HAVE BEEN TAKEN TO REMEDY ANY OF THE PROBLEMS THAT BROUGHT ABOUT THE CHAPTER 11 FILING? Purchasing of new schools has ceased, and administrative expenses have been reduced. Other restructuring measures are being considered. LIST ANY MATTERS THAT ARE DELAYING THE FILING OF A PLAN OF REORGANIZATION? 7 SUNRISE EDUCATIONAL SERVICES, INC. CASH FLOW ANALYSIS B-00-10939-ECF-RTB BEGINNING FUNDS AVAILABLE: $ 145,881.93 -------------- Cash In: Telecheck $ 195,691.74 Credit Card Deposit (Preschools) 485,012.21 Regular Deposits (Preschools) 422,693.32 -------------- Daily Cash In: $ 1,103,397.27 Cash Out: Preschool A/P $ 479,026.56 Preschool Payroll 451,224.58 Corporate A/P (allocated) 114,027.43 Preschool NSF 4,460.00 -------------- Daily Cash Out: $ 1,048,738.57 Net Cash In/Out: $ 54,658.70 -------------- ENDING FUNDS AVAILABLE: $ 200,540.63 ============== 8 Sunrise Preschools, Inc. VENDOR CHECK REGISTER REPORT Payables Management * Voided Checks
Audit Check Number Vendor ID Vendor Check Name Check Date Checkbook ID Trail Code Amount - ------------ --------- ----------------- ---------- ------------ ---------- ------ 100012958 RISINC000 RISO INC 4/2/2001 OPERATING PMCHK00000099 $133.98 100012959 MELUS0000 MELLON US LEASING 4/3/2001 OPERATING PMCHK00000100 $1,987.01 100012960 ARIAIR000 ARIZONA AIR-SCENT 4/4/2001 OPERATING PMCHK00000101 $102.00 100012961 WELFAR001 WELLS FARGO 4/4/2001 OPERATING PMCHK00000101 $748.00 100012962 APS200000 APS-2907 4/4/2001 OPERATING PMCHK00000101 $495.84 100012963 ARIAIR000 ARIZONA AIR-SCENT 4/4/2001 OPERATING PMCHK00000101 $104.50 100012964 AT&T000 AT& T 78522 4/4/2001 OPERATING PMCHK00000101 $488.70 100012965 BACPRE000 BACKFLOW PREVENTION DEVICE INS 4/4/2001 OPERATING PMCHK00000101 $42.00 100012966 BELVIS000 BELLA VISTA WATER COMPANY 4/4/2001 OPERATING PMCHK00000101 $92.73 100012967 CENLEA000 CENTENNIAL LEASING & SALES INC 4/4/2001 OPERATING PMCHK00000101 $408.65 100012968 CONPLA0001 CONSTRUCTIVE PLAYTHINGS 4/4/2001 OPERATING PMCHK00000101 $528.21 100012969 COUCHE000 COURTESY CHEVROLET 4/4/2001 OPERATING PMCHK00000101 $8,606.61 100012970 CREFUN000 CREATIVE FUNDING 4/4/2001 OPERATING PMCHK00000101 $1,081.58 100012971 CROBAN000 CROWN BANK LEASING 4/4/2001 OPERATING PMCHK00000101 $529.02 100012972 ARIAIR000 ARIZONA AIR-SCENT 4/4/2001 OPERATING PMCHK00000101 $77.00 100012973 CASELI000 ELIZABETH CASON 4/4/2001 OPERATING PMCHK00000101 $456.14 100012974 CITPHO296 CITY OF PHOENIX 29663 4/4/2001 OPERATING PMCHK00000101 $319.09 100012975 DISSCH000-B DISCOUNT SCHOOL SUPPLY 4/4/2001 OPERATING PMCHK00000101 $487.53 100012976 ELEWES000 ELECTRONICS WEST, INC. 4/4/2001 OPERATING PMCHK00000101 $75.00 100012977 GECAP0003 GE CAPITAL 4/4/2001 OPERATING PMCHK00000101 $377.19 100012978 HANBO BO HAN 4/4/2001 OPERATING PMCHK00000101 $50.00 100012979 JUDPAU PAULA JUDGE 4/4/2001 OPERATING PMCHK00000101 $258.00 100012980 MAR000000 MARRO,GINNY 4/4/2001 OPERATING PMCHK00000101 $399.78 100012981 NUCROB ROBIN NUCCI 4/4/2001 OPERATING PMCHK00000101 $112.00 100012982 PITBOW000 PITNEY BOWES CREDIT CORP856460 4/4/2001 OPERATING PMCHK00000101 $516.63 100012983 PITBOW001 PITNEY BOWES-85390 4/4/2001 OPERATING PMCHK00000101 $584.00 100012984 PROUSA000 PROFORCE USA 4/4/2001 OPERATING PMCHK00000101 $274.00 100012985 SRP2950 SRP2950 4/4/2001 OPERATING PMCHK00000101 $1,794.99 100012986 TOWOF0002 TOWN OF GILBERT - UTILITIES 4/4/2001 OPERATING PMCHK00000101 $60.89 100012987 U0CWIN000 U-C WINDOW CLEANING 4/4/2001 OPERATING PMCHK00000101 $1,056.51 100012988 US0WES003 US WEST COMMUNICATIONS-29060 4/4/2001 OPERATING PMCHK00000101 $523.92 100012989 WESINN000 WESTERN INNOVATIONS INC 4/4/2001 OPERATING PMCHK00000101 $6,499.56 100012990 WHEAMY000 AMY WHEELER 4/4/2001 OPERATING PMCHK00000101 $11.78 100012991 US0FOO000 US FOODSERVICE 4/5/2001 OPERATING PMCHK00000102 $14,832.99 100012992 US0FOO000 US FOODSERVICE 4/12/2001 OPERATING PMCHK00000103 $12,537.02 100012993 WELFAR001 WELLS FARGO 4/13/2001 OPERATING PMCHK00000104 $1,100.00 100012994 APS200000 APS-2907 4/17/2001 OPERATING PMCHK00000105 $947.78 100012996 ARIEMP000 ARIZONA EMPLOYERS COUNCIL 4/17/2001 OPERATING PMCHK00000105 $150.00 100012997 ARIPEN000 ARIZONA PENNYSAVER 4/17/2001 OPERATING PMCHK00000105 $366.00 100012998 ATTAZ0000 ATT-AZ 4/17/2001 OPERATING PMCHK00000105 $88.28 100012999 BANONE003 BANK ONE ARIZONA NA 4/17/2001 OPERATING PMCHK00000105 $392.64 100013000 BRICOM000 BRIXTON COMMERCIAL CLEANING 4/17/2001 OPERATING PMCHK00000105 $1,000.00 100013001 CITSIEVI2 CITY OF SIERRA VISTA 4/17/2001 OPERATING PMCHK00000105 $198.13 100013002 CITTEM296 CITY OF TEMPE - 29617 4/17/2001 OPERATING PMCHK00000105 $318.43 100013003 CON000000 CONCENTRA 4/17/2001 OPERATING PMCHK00000105 $734.00 100013004 COUCHE000 COURTESY CHEVROLET 4/17/2001 OPERATING PMCHK00000105 $549.42 100013005 DAIMAR000 DAILEY, MARGE 4/17/2001 OPERATING PMCHK00000105 $265.67 100013006 DOCTEC000 DOCUMENT TECHNOLOGIES 4/17/2001 OPERATING PMCHK00000105 $23.88 100013007 EXTCLE000 EXTRACTION CLEANING COMPANY 4/17/2001 OPERATING PMCHK00000105 $1,320.00 100013008 GECAP0003 GE CAPITAL 4/17/2001 OPERATING PMCHK00000105 $697.69 100013009 HEAIMC000 HEALTHSOUTH IMC INC 4/17/2001 OPERATING PMCHK00000105 $27.00 100013010 HODCAR000 CARRIE HODGE 4/17/2001 OPERATING PMCHK00000105 $495.17 100013011 HOMDEP000 HOME DEPOT 4/17/2001 OPERATING PMCHK00000105 $2,145.89 100013012 HUGCAL000 HUGHES-CALIHAN 4/17/2001 OPERATING PMCHK00000105 $1,100.64 100013013 IKOOFF001 IKON OFFICE SOLUTION (AZ) 4/17/2001 OPERATING PMCHK00000105 $264.43 100013014 IROMOU000 IRON MOUNTAIN 4/17/2001 OPERATING PMCHK00000105 $755.04 100013015 JETCON000 JET CONNECTION 4/17/2001 OPERATING PMCHK00000105 $222.00 100013016 KRATER000 TERRILYNN KRAMER 4/17/2001 OPERATING PMCHK00000105 $498.46 100013017 LAKLEA000 LAKESHORE LEARNING MATERIALS 4/17/2001 OPERATING PMCHK00000105 $196.60 100013018 MCE000000 MCESD 4/17/2001 OPERATING PMCHK00000105 $165.00 100013019 PACALA000 PACIFIC ALARMS COMPANY 4/17/2001 OPERATING PMCHK00000105 $270.00 100013020 PARBIL000 BILL PARKS 4/17/2001 OPERATING PMCHK00000105 $30.00 100013021 PETSTA000 STACEY PETO 4/17/2001 OPERATING PMCHK00000105 $90.69 100013022 PHODIR/000 Phone Directories Company Inc. 4/17/2001 OPERATING PMCHK00000105 $200.00 100013023 PROUSA000 PROFORCE USA 4/17/2001 OPERATING PMCHK00000105 $11,704.44 100013024 RANKAT000 RANDALL, KATHY 4/17/2001 OPERATING PMCHK00000105 $70.68 100013025 SLAJAC000 JACK SLATE 4/17/2001 OPERATING PMCHK00000105 $1,249.37
9 Sunrise Preschools, Inc. VENDOR CHECK REGISTER REPORT Payables Management * Voided Checks
Audit Check Number Vendor ID Vendor Check Name Check Date Checkbook ID Trail Code Amount - ------------ --------- ----------------- ---------- ------------ ---------- ------ 100013026 SOUGAS000 SOUTHWEST GAS CORPORATION 4/17/2001 OPERATING PMCHK00000105 $149.67 100013027 SRP2950 SRP2950 4/17/2001 OPERATING PMCHK00000105 $492.05 100013028 THORAE000 THOMAS, RAE ANN 4/17/2001 OPERATING PMCHK00000105 $42.61 100013029 THUMOU000 THUNDER MOUNTAIN CLEANING SERV 4/17/2001 OPERATING PMCHK00000105 $1,845.50 100013030 TOOLOR000 LORI TOOLEY 4/17/2001 OPERATING PMCHK00000105 $796.42 100013031 TOSEAS000 TOSHIBA EASY LEASE 4/17/2001 OPERATING PMCHK00000105 $2,040.73 100013032 TOUCAR113 CAROLYN TOUCHET 4/17/2001 OPERATING PMCHK00000105 $20.00 100013033 US0WES003 US WEST COMMUNICATIONS-29060 4/17/2001 OPERATING PMCHK00000105 $2,415.30 100013034 WASMAN001 WASTE MANAGEMENT OF ARIZONA 4/17/2001 OPERATING PMCHK00000105 $2,563.90 100013035 GLASCR000 GLASS & SCREEN 4/18/2001 OPERATING PMCHK00000106 $347.89 100013036 IRVJOH000-B JOHN IRVIN 4/18/2001 OPERATING PMCHK00000106 $240.00 100013037 ARIAIR000 ARIZONA AIR-SCENT 4/18/2001 OPERATING PMCHK00000106 $319.00 100013038 NOP000000 NOPPENBERG,KAREN 4/18/2001 OPERATING PMCHK00000106 $179.90 100013039 MANLIF000 MANULIFE FINANCIAL 4/19/2001 OPERATING PMCHK00000107 $4,111.33 100013040 US0FOO000 US FOODSERVICE 4/19/2001 OPERATING PMCHK00000108 $12,421.95 100013041 KNAIFM000 KNAI 88.3 FM LA CAMPESINA 4/20/2001 OPERATING PMCHK00000109 $4,500.60 100013042 KTVCHA000 KTVK-TV CHANNEL 3 4/20/2001 OPERATING PMCHK00000109 $10,200.00 100013043 MOTVEH000 MOTOR VEHICLE DIVISION 4/23/2001 OPERATING PMCHK00000110 $192.84 100013044 MOTVEH000 MOTOR VEHICLE DIVISION 4/23/2001 OPERATING PMCHK00000110 $192.84 100013045 MOTVEH000 MOTOR VEHICLE DIVISION 4/23/2001 OPERATING PMCHK00000110 $161.43 100013046 VIP000000 VIP 4/23/2001 OPERATING PMCHK00000110 $12.50 100013047 VIP000000 VIP 4/23/2001 OPERATING PMCHK00000110 $12.50 100013048 VIP000000 VIP 4/23/2001 OPERATING PMCHK00000110 $12.50 100013049 ROCARC000 ROCKWOOD ARCHITECTURE 4/24/2001 OPERATING PMCHK00000111 $19,161.62 100013050 USTRU000 US TRUSTEE PROGRAM PMT CTR 4/25/2001 OPERATING PMCHK00000112 $8,000.00 100013051 US0FOO000 US FOODSERVICE 4/26/2001 OPERATING PMCHK00000113 $918.76 100013052 US0FOO000 US FOODSERVICE 4/26/2001 OPERATING PMCHK00000113 $11,712.22 100013053 ANDMAR000 MARIANNE ANDREWS-113 4/27/2001 OPERATING PMCHK00000114 $393.73 100013054 APS200000 APS-2907 4/27/2001 OPERATING PMCHK00000114 $4,247.02 100013055 ARIAIR000 ARIZONA AIR-SCENT 4/27/2001 OPERATING PMCHK00000114 $396.14 100013056 ARIPEN000 ARIZONA PENNYSAVER 4/27/2001 OPERATING PMCHK00000114 $336.00 100013057 AT&T000 AT& T 78522 4/27/2001 OPERATING PMCHK00000114 $45.27 100013058 AT&T78522 AT&T - 78225 4/27/2001 OPERATING PMCHK00000114 $1,098.37 100013060 CASELI000 ELIZABETH CASON 4/27/2001 OPERATING PMCHK00000114 $417.77 100013061 CHEUSA000 CHEVRON USA INC 4/27/2001 OPERATING PMCHK00000114 $6,000.56 100013062 CITCHAUT1 CITY OF CHANDLER - UTILITIES 4/27/2001 OPERATING PMCHK00000114 $197.68 100013063 CITGLEUTI CITY OF GLENDALE - UTILITIES 4/27/2001 OPERATING PMCHK00000114 $422.64 100013064 CITMESUTI CITY OF MESA - UTILITIES - 187 4/27/2001 OPERATING PMCHK00000114 $110.87 100013065 CITPEOUTI CITY OF PEORIA - UTILITIES 4/27/2001 OPERATING PMCHK00000114 $293.85 100013066 CITPHOWAT CITY OF PHOENIX (WATER SVCS)29 4/27/2001 OPERATING PMCHK00000114 $466.29 100013067 CLS000000 CLS/CLEANWAY 4/27/2001 OPERATING PMCHK00000114 $10,325.91 100013068 COUCHE000 COURTESY CHEVROLET 4/27/2001 OPERATING PMCHK00000114 $89.39 100013069 DAIMAR000 DAILEY, MARGE 4/27/2001 OPERATING PMCHK00000114 $644.58 100013070 DISSCH000-B DISCOUNT SCHOOL SUPPLY 4/27/2001 OPERATING PMCHK00000114 $5,806.06 100013071 DYCNAN000 DYCK, NANCY 4/27/2001 OPERATING PMCHK00000114 $607.45 100013072 FREMEY000-B FRED MEYERS 4/27/2001 OPERATING PMCHK00000114 $345.00 100013073 GARLYN000 LYNN GARSHA 4/27/2001 OPERATING PMCHK00000114 $500.00 100013074 GECAP0003 GE CAPITAL 4/27/2001 OPERATING PMCHK00000114 $2,369.25 100013075 GILBER000 BERNITA GILLIAM 4/27/2001 OPERATING PMCHK00000114 $540.00 100013076 HORDIS000 HORIZON DISTRIBUTION 4/27/2001 OPERATING PMCHK00000114 $74.91 100013077 IROMOU000 IRON MOUNTAIN 4/27/2001 OPERATING PMCHK00000114 $82.51 100013078 JAKBRE000 JAKE BREAK CAFE 4/27/2001 OPERATING PMCHK00000114 $1,636.69 100013079 JETCON000 JET CONNECTION 4/27/2001 OPERATING PMCHK00000114 $202.49 100013080 KAMLES000 LESLIE KAMPER # 127 4/27/2001 OPERATING PMCHK00000114 $264.94 100013081 KNO000000 KNOTT,MARILYN 4/27/2001 OPERATING PMCHK00000114 $374.79 100013082 MAR000000 MARRO,GINNY 4/27/2001 OPERATING PMCHK00000114 $381.39 100013083 MARJOE000 JOELY MARTIN 4/27/2001 OPERATING PMCHK00000114 $507.78 100013084 MARTRE000 MARICOPA COUNTY TREASURER 4/27/2001 OPERATING PMCHK00000114 $17,399.12 100013085 MENANT000 ANTOINETTE MENDIVIL 4/27/2001 OPERATING PMCHK00000114 $150.00 100013086 NOPMIK000 MIKE NOPPENBERG 4/27/2001 OPERATING PMCHK00000114 $380.42 100013087 OFFPRO000 OFFICE PRODUCTS & COMPUTER 4/27/2001 OPERATING PMCHK00000114 $21.49 100013088 OPECLE000 OPEN WORKS 4/27/2001 OPERATING PMCHK00000114 $1,170.00 100013089 SANBAR001 SANTA BARBARA BANK & TRUST 4/27/2001 OPERATING PMCHK00000114 $605.34 100013090 SILSAR000 SARAH SILVIS 4/27/2001 OPERATING PMCHK00000114 $15.00 100013091 SOBDIA000 DIANE SOBOL 4/27/2001 OPERATING PMCHK00000114 $11.16 100013092 SRP2950 SRP2950 4/27/2001 OPERATING PMCHK00000114 $2,655.71 100013093 SULSPR000 SULPHUR SPRINGS ELECTRIC 4/27/2001 OPERATING PMCHK00000114 $603.54 100013094 TERINT000 TERMINEX INTERNATIONAL 4/27/2001 OPERATING PMCHK00000114 $379.00 100013095 THOPAU000 PAULA THOMAS 4/27/2001 OPERATING PMCHK00000114 $11.16 100013096 THORAE000 THOMAS, RAE ANN 4/27/2001 OPERATING PMCHK00000114 $137.64 100013097 TOOLOR000 LORI TOOLEY 4/27/2001 OPERATING PMCHK00000114 $443.62 100013098 TOSEAS000 TOSHIBA EASY LEASE 4/27/2001 OPERATING PMCHK00000114 $2,040.73 100013099 TURONE000 TURN ONE SPORTSWEAR 4/27/2001 OPERATING PMCHK00000114 $109.53 100013100 U0CWIN000 U-C WINDOW CLEANING 4/27/2001 OPERATING PMCHK00000114 $731.40
10 Sunrise Preschools, Inc. VENDOR CHECK REGISTER REPORT Payables Management * Voided Checks
Audit Check Number Vendor ID Vendor Check Name Check Date Checkbook ID Trail Code Amount - ------------ --------- ----------------- ---------- ------------ ---------- ------ 100013101 US0WES003 US WEST COMMUNICATIONS-29060 4/27/2001 OPERATING PMCHK00000114 $2,798.73 100013102 VEL000000 VELA,DANA 4/27/2001 OPERATING PMCHK00000114 $269.08 100013103 WELFAR001 WELLS FARGO 4/27/2001 OPERATING PMCHK00000114 $440.00 100013104 4DPROP000 4D PROPERTIES 4/27/2001 OPERATING PMCHK00000115 $12,859.99 100013105 ANCVIL000 ANCALA VILLAGE SHOPPING CENTER 4/27/2001 OPERATING PMCHK00000115 $16,622.87 100013106 BLD7ZEL000 BLDG7UNION HILLS LLC 4/27/2001 OPERATING PMCHK00000115 $7,626.51 100013107 DERENT000 DER ENTERPRISES LLP 4/27/2001 OPERATING PMCHK00000115 $15,132.93 100013108 DIVINS000 DIVALL INSURED INCOME PROP INC 4/27/2001 OPERATING PMCHK00000115 $11,418.37 100013109 MCCVEN003 MCCLINTOCK VENTURE LC 4/27/2001 OPERATING PMCHK00000115 $13,067.25 100013110 MESDEV000 MESA DEVELOPMENT INC 4/27/2001 OPERATING PMCHK00000115 $12,568.84 100013111 PEOINV000 PEORIA INVESTMENTS INC 4/27/2001 OPERATING PMCHK00000115 $18,202.23 100013112 SANVIL003 SANTIAGO VILLA (#129) 4/27/2001 OPERATING PMCHK00000115 $13,836.33 100013113 SANVIL005 SANTIAGO VILLA (#124) 4/27/2001 OPERATING PMCHK00000115 $14,980.76 100013114 SC0WAR000 SC WARNER TEMPE, INC. 4/27/2001 OPERATING PMCHK00000115 $12,342.11 100013115 SDMFAM000 SDM FAMILY CORP 4/27/2001 OPERATING PMCHK00000115 $13,794.27 100013116 SUNPRE000 SUNRISE PRESCHOOL VI INVESTME 4/27/2001 OPERATING PMCHK00000115 $18,533.62 100013117 THEYOU000 THE YOUNG ONES CENTER 4/27/2001 OPERATING PMCHK00000115 $6,525.16 100013118 WELFAR002 WELLS FARGO BANK 4/27/2001 OPERATING PMCHK00000115 $18,541.69 100013119 WILPRE000 WILLIS PRESCHOOL VI 4/27/2001 OPERATING PMCHK00000115 $12,939.66 100013120 IMPBAN000 IMPERIAL BANK 4/27/2001 OPERATING PMCHK00000116 $3,624.41 100013122 DERENT000 DER ENTERPRISES LLP 4/27/2001 OPERATING PMCHK00000117 $6,810.18 100013123 MELUS0000 MELLON US LEASING 4/27/2001 OPERATING PMCHK00000117 $5,761.19 100013124 MANLIF000 MANULIFE FINANCIAL 4/30/2001 OPERATING PMCHK00000118 $4,148.45 100013125 DAIMAR000 DAILEY, MARGE 4/30/2001 OPERATING PMCHK00000119 $2,400.00 100013126 THORAE000 THOMAS, RAE ANN 4/30/2001 OPERATING PMCHK00000120 $383.50 ----------- Total Checks: 166 Total Amount of Checks: $479,026.56 ===========
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