-----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, E7Vn8PDxLGdLRHdC457VG8cJMTA0fRVOKYGvjfq7WN2tSiRxWz5JRwTeqOc7oiNy axf2fbB/kErwzXLP/8GZzQ== 0000912057-01-517127.txt : 20010523 0000912057-01-517127.hdr.sgml : 20010523 ACCESSION NUMBER: 0000912057-01-517127 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20010427 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010522 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STROUDS INC CENTRAL INDEX KEY: 0000927760 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-HOME FURNITURE, FURNISHINGS & EQUIPMENT STORES [5700] IRS NUMBER: 954107241 STATE OF INCORPORATION: DE FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-24904 FILM NUMBER: 1645471 BUSINESS ADDRESS: STREET 1: 780 SOUTH NOGALES ST CITY: CITY OF INDUSTRY STATE: CA ZIP: 91748 BUSINESS PHONE: 6269122866 MAIL ADDRESS: STREET 1: 780 SOUTH NOGALES ST CITY: CITY OF INDUSTRY STATE: CA ZIP: 91748 8-K 1 a2050166z8-k.txt FORM 8-K 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 Date of Report (date of earliest event reported): April 27, 2001 STROUDS, INC. ----------------------------------------- (Exact name of registrant as specified in its charter) DELAWARE 0-24904 95-4107241 - -------------------------------- ------------------------ ---------------------- (State or other jurisdiction of (Commission File Number) (I.R.S. Employer Incorporation) Identification Number) 780 SOUTH NOGALES STREET, CITY OF INDUSTRY, CALIFORNIA 91748 ------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) (626) 912-2866 --------------------------------------------------------- (Registrants' telephone number, including area code) N/A ------------------------------------------------------------- (former name or former address, if changed since last report) ITEM 5. OTHER EVENTS. On April 27, 2001, Strouds, Inc. (the "Company") completed the sale of substantially all of the assets of the Company's business to Strouds Acquisition Corporation, an entity formed on behalf of Cruttenden Partners, LLC, for approximately $40 million (the "Sale Transaction"). Following the consummation of the Sale Transaction, the Company is in the process of completing the orderly liquidation of all of the remaining assets of the Company. Exhibit 99.1, the monthly operating report of the Company for the month of February, 2001, is incorporated herein by reference. On May 7, 2001, the Company entered into an Amendment to Employment Agreement (the "Amendment") with Thomas S. Paccioretti which amends certain terms and conditions of the Employment Agreement dated as of January 5, 2001 between the Company and Mr. Paccioretti, as amended on March 6, 2001. The foregoing description of the Amendment is qualified in its entirety by reference to the Amendment. A copy of the Amendment is attached hereto as Exhibit 10.1 and is incorporated herein by reference. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS. (c) EXHIBITS: The following exhibits are filed as part of this Report: 10.1 Amendment to Employment Agreement dated as of May 7, 2001 between Thomas S. Paccioretti and Strouds, Inc. 99.1 Monthly Operating Report of Strouds, Inc. for the month of February, 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. Dated: May 22, 2001 STROUDS, INC. By: /s/ THOMAS S. PACCIORETTI -------------------------------- Thomas S. Paccioretti President and Chief Executive Officer EXHIBIT INDEX EXHIBIT 10.1 Amendment to Employment Agreement dated as of May 7, 2001 between Thomas S. Paccioretti and Strouds, Inc. 99.1 Monthly Operating Report of Strouds, Inc. for the month of February, 2001. EX-10.1 2 a2050166zex-10_1.txt EXHIBIT 10.1 EXHIBIT 10.1 AMENDMENT TO EMPLOYMENT AGREEMENT THIS AMENDMENT TO EMPLOYMENT AGREEMENT (this "Amendment") is entered into as of May 7, 2001, by and between Strouds, Inc. (the "Company") and Thomas S. Paccioretti ("Employee"). WHEREAS, the Company and Employee are parties to that certain Employment Agreement, dated as of January 5, 2001, and as amended March 6, 2001 (the "Agreement"); and WHEREAS, the Company and Employee desire to amend, modify or restate certain provisions of the Agreement; NOW, THEREFORE, in consideration of the mutual premises set forth herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows, effective as of May 1, 2001: 1. Sections 1, 2 and 3 of the Agreement shall be amended and restated in their entirety as follows: "1. EMPLOYMENT AND TERM. Employer hereby agrees to employ Employee as its President and Chief Executive Officer upon the terms and conditions hereinafter set forth. The term of Employee's employment shall be from December 1, 2000 until May 31, 2001, unless earlier terminated in accordance with Paragraph 10. By mutual agreement in writing, the term may be extended further for a period agreed to by Employer and Employee. Employee shall devote three days (between 24-30 hours) a week to the business and affairs of Employer as set forth in the Agreement. 2. DUTIES. Employee shall serve as the President and Chief Executive Officer of Employer, reporting only to the Board of Directors. Other than the Chairman of the Board, no executive or other employee of Employer shall hold a position, stature, title or power higher or greater than or equal to those of Employee. Subject to the authority of the Board of Directors, Employee shall have supervision, and control over, and responsibility for, the general management and operation of Employer and shall have such other powers and duties as may from time to time be prescribed by the Board of Directors, provided that such duties are reasonable and customary for a president and chief executive officer. The powers of Employee shall involve overseeing matters related to Employer's bankruptcy estate (the "Estate"), including, without limitation, the following: a. To oversee the efficient and accurate completion of the physical inventory of Employer; b. To oversee accurate reconciliation of expenses of the Estate; c. To resolve any disagreements related to interpretation of that certain Asset Purchase Agreement, dated as of March 27, 2001, by and between Employer and Strouds Acquisition Corporation, a Delaware corporation; d. To assist with the reduction of Estate expenses as necessary to complete the collection of funds and disbursement of the same to Employer's creditors; and e. To manage and assist with the winding down of the affairs of the Estate. 3. BASE SALARY. Employer shall pay Employee a monthly base salary of Twenty-One Thousand Dollars ($21,000). The base salary shall be paid to Employee in accordance with Employer's regular payroll practices with respect to senior management compensation." 2. Except as otherwise indicated, capitalized terms used in this Amendment which are not defined herein shall have the meanings specified in the Agreement. 3. Except as specifically amended hereby, all other provisions of the Agreement shall remain in full force and effect. [Signature Page Follows] 2 IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date first written above. "EMPLOYER" STROUDS, INC. By: /s/ LARRY BEMIS ------------------------------------ Name: Larry Bemis ---------------------------------- Title: Director --------------------------------- "EMPLOYEE" /s/ THOMAS S. PACCIORETTI ----------------------------------------- Thomas S. Paccioretti S-1 EX-99.1 3 a2050166zex-99_1.txt EXHIBIT 99.1 EXHIBIT 99.1 UNITED STATES BANKRUPTCY COURT DELAWARE In re: Strouds, Inc. Case No. 003552MFW Reporting period: Feb-01 MONTHLY OPERATING REPORT
=================================================================================================================================== DOCUMENT EXPLANATION REQUIRED DOCUMENTS FORM NO. ATTACHED ATTACHED ======================================================================== Schedule of Cash Receipts and Disbursements MOR-1 X - ----------------------------------------------------------------------------------------------------------------------------------- Bank Reconciliations MOR-1 (CON'T) X - ----------------------------------------------------------------------------------------------------------------------------------- Copies of Bank Statements X - ----------------------------------------------------------------------------------------------------------------------------------- Cash disbursements journals X - ----------------------------------------------------------------------------------------------------------------------------------- Statement of Operations MOR-2 X - ----------------------------------------------------------------------------------------------------------------------------------- Balance Sheet MOR-3 X - ----------------------------------------------------------------------------------------------------------------------------------- Status of Postpetition Taxes MOR-4 X - ----------------------------------------------------------------------------------------------------------------------------------- Copies of IRS Form 6123 or payment receipt X - ----------------------------------------------------------------------------------------------------------------------------------- Copies of tax returns filed during reporting period X - ----------------------------------------------------------------------------------------------------------------------------------- Summary of Unpaid Postpetition Debts MOR-4 X - ----------------------------------------------------------------------------------------------------------------------------------- Listing of aged accounts payable X - ----------------------------------------------------------------------------------------------------------------------------------- Accounts Receivable Reconciliation and Aging MOR-5 X - ----------------------------------------------------------------------------------------------------------------------------------- Debtor Questionnaire MOR-5 X ========================================================================-------------------========================================
I declare under penatly of perjury (28 U.S.C. Section 1746) that this report and the attached docoments are true and correct to the best of my knowledge and belief. /s/ TOM PACCIORETTI 3/20/2001 - ---------------------------------------- --------------------------------- Signature of Authorized Individual Date TOM PACCIORETTI CHIEF EXECUTIVE OFFICER - ---------------------------------------- --------------------------------- Printed Name of Authorized Individual Title of Authorized Individual EXPLANATIONS: Per Hugh Ward, UST, bank statements and cash disbursement journals are not required to be submitted. The Debtor uses a third party payroll service and does not receive form 6123. See copy of bank statement attached to evidence payment of payroll taxes. In re: Strouds, Inc. Case No. 003552MFW Reporting period: Feb-01 SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS
Operating Payroll Depository Current Month Cumulative (concentration) (Checks, Tax & Direct Dep) (Blocked acct) Actual Actual Cash Beginning of Month (849,125) 31,119 589,315 (228,690) RECEIPTS: Sales deposits 17,149,800 17,149,800 109,906,904 Accounts receivable - 843,216 Advances to secured Lender (17,168,047) (17,168,047) (110,764,976) Advances from secured Lender 15,150,000 15,150,000 95,525,000 Sale of assets - - 4,625,000 Other 187,566 1,591 (10,489) 178,668 723,029 Transfers between accts 1,962,396 1,962,396 13,096,802 - - Total receipts 15,337,566 1,963,987 (28,735) 17,272,817 113,954,975 - - DISBURSEMENTS: - - - - Net Payroll 1,962,396 2,002,647 3,965,044 26,373,926 Payroll taxes - - Payroll/benefits(401K) 43,329 43,329 300,258 Sales, use & other taxes 1,059,369 1,059,369 8,583,466 Inventory Purchases 7,650,000 7,650,000 52,323,000 Secured/Rental/Leases 3,116,000 3,116,000 12,372,000 Insurance 267,275 267,275 1,342,472 Administrative 419,822 419,822 3,201,757 Selling 1,078,000 1,078,000 6,185,000 Others 1,336,135 5,312 24,666 1,366,113 9,065,807 Professional fees 96,023 96,023 96,023 Trustee Fees - 250 Court costs - - Total Disbursements 17,028,350 2,007,959 24,666 19,060,975 119,843,959 - - Net Cash Flow (1,690,784) (43,972) (53,402) (1,788,158) (5,888,984) - - Cash-End of Month (2,539,909) (12,853) 535,914 (2,016,848) (5,888,984) Reclass for External reporting* 2,098,111 ------------------ Per balance sheet 81,263
* Note: The Company's policy has been to reclass cash overdraft amounts (essentially checks outstanding) to accrued expenses for Balance sheet presentation. In re: Strouds Case No. 003552MFW Reporting period: Feb-01 Bank Reconciliations
Operating accounts (Concentration & Depository) Payroll accounts Disbursing account Total Balance per Books 535,913.73 (12,852.92) (2,539,909.25) (2,016,848.44) Bank Balance 293,132.66 67,805.87 89,056.96 449,995.49 (+) Deposits in transit 242,801.07 242,801.07 (-) Outstanding checks (102,652.65) (2,630,249.53) (2,732,902.18) Other (20.00) 21,993.86 1,283.32 23,257.18 ----------------------------------------------------------------------------------------------- Adjusted Bank Balance 535,913.73 (12,852.92) (2,539,909.25) (2,016,848.44) Deposits in transit See attachments Checks outstanding See attachments
STROUDS, INC. - WELLS FARGO BANK RECONCILIATION FEB-01 Account (Depository): 4038-142543 Account (sweep): 4038-142543 BANK BALANCE AS OF 01/26/01 Depository 138,129.00 Sweep 80,573.94 218,702.94 ------------- Add: Deposits in Transit (See Schedule A) 348,908.43 Timing Difference: Outstanding Change Orders: #01 372.00 #09 480.00 #38 1,131.00 #40 600.00 #74 2,583.00 ------------- Other Adjustments: #36 Deposit Adj will debit on 5/30 Funds Pending Investment (23,459.46) #37 adj on 3/5/01 (35,977.59) #48 adj on 3/5/01 (56,086.47) (115,523.52) -------------------------------- ADJUSTED BANK BALANCE 454,670.85 ============ G/L BALANCE AS OF 01/26/01 454,650.85 RECONCILING ITEMS Unknown Deposit 1/24/01 20.00 ------------ ADJUSTED G/L BALANCE 454,670.85 ============ Variance 0.00
Strouds, Inc. Wells Fargo Bank - Depository Account #101-107-XXX Deposits In Transit Feb-01 2/28/01 2,706.77 3/1/01 15,454.50 3/2/01 122,982.36 3/3/01 207,764.80 348,908.43 STROUDS, INC. - WELLS FARGO BANK RECONCILIATION FEB-01 Account (Concentration): 4038-142584 Account (Sweep): 4417-817400 Bank Statement Balance as of 3/3/01 Concentration 89,056.96 Sweep 0.00 89,056.96 ----------- Add: Outstanding Checks (2,445,429.96) Timing Adjustments: Check voided in the GL 49,772.26 Outstanding Manual Check (254,265.50) Funds pending redemption Ck 238632 voided cleared in Feb 00 (Harding) 5,058.23 Ck 249877 reversed 2x on company 1 14,615.44 (2,630,249.53) ------------------------------ ------------- Adjusted Bank Balance (2,541,192.57) ============= G/L Balance as of 3/3/01 (2,539,909.25) Adjustments: Ck 307890 stopped w/WF 329.38 Ck 5016 to Beacon difference (32254-30641.3) (1,612.70) ----------- (1,283.32) ------------- ------------- Adjusted G/L Balance (2,541,192.57) ============= Variance (0.00)
Wells Fargo Bank voided Account (Concentration): 4038-142584 Voided Checks on Bank Outstanding List Feb-01 No. Amount 303482 72.56 307311 9,735.00 307316 13,339.53 307827 515.76 308314 26,109.41 ---------- 49,772.26 ========== Page 1 Wells Fargo Bank - Disbursements Outstanding Manual Checks Feb-01 308502 150,000.00 308503 73,448.00 308504 30,817.50 ------------- 254,265.50 ============= Page 5 Wells Fargo Bank - Disbursements Outstanding Checks Post-Petition Account 4759-504525 Feb-01 2,445,429.96 2,445,429.96 (0.00) 5579 0.01 300152 167.28 300164 892.03 300215 274.93 300291 175.19 300334 2.15 300345 35.72 300384 83.35 300425 28.26 300482 119.06 300512 215.08 300544 295.10 300553 34.52 300633 23.61 300799 216.49 300827 147.19 301040 40.00 301069 40.00 301516 215.35 301704 900.00 302051 134.01 303482 72.56 303996 162.38 303997 142.90 304503 155.59 check was posted as 301918 304708 9,184.06 304734 273.91 304738 139.04 305014 173.19 305250 1,616.86 305278 20.00 305280 15.16 305281 251.11 305315 135.30 305441 118.75 305444 313.87 305548 172.59 305720 40.81 305754 161.24 305778 64.79 305797 7.95 306652 7.57 306807 85.59 306813 325.16 306815 236.99 307015 273.91 307025 129.58 307038 5.39 307053 15,000.00 307066 331.43 307215 24.00 307235 180.02 307260 121.45 307311 9,735.00 void in gl 307316 13,339.53 void in gl 307383 225.74 307491 1,075.26 307519 317.00 307527 1,042.05 307530 675.48 307540 357.20 307555 407.00 307571 161.24 307574 413.89 307652 102.59 307674 123.59 307677 107.47 307650 118.21 307684 654.61 307691 95.71 307697 107.98 307700 54.02 307701 118.79 307711 287.50 307713 111.79 307725 118.78 307730 237.54 307731 106.50 307732 155.86 307738 177.79 307748 224.68 307754 604.74 307797 214.68 307827 515.76 void in gl 307841 152.34 307848 401.71 307855 415.76 307863 400.00 307866 84.00 307874 144.43 307881 112.34 307887 103.50 307903 4,380.15 307904 67.68 307908 103.32 307913 348.24 307914 218.52 307919 1,314.00 307924 92.85 307953 2,160.00 307959 13,908.00 307976 1,911.00 307984 280.79 307994 129.59 308001 201.29 308003 215.99 308008 18.00 308010 207.30 308013 216.97 308016 18.38 308022 205.19 308023 19.21 308044 205.94 308055 5,486.86 Page 1 308077 106.40 308050 204.24 308092 151.18 308095 155.49 308096 171.96 308100 129.59 308105 203.15 308108 467.50 308109 83.80 308112 279.47 308113 98.76 308114 282.92 308116 100.98 308121 144.50 308125 244.94 308127 5,658.82 308132 49,168.89 308133 179.29 308134 1,135.00 308140 183.59 308141 207.95 308143 395.59 308144 2,968.00 308145 295.49 308148 11.88 308150 252.60 308154 1,894.43 308158 1,736.91 308164 17,423.50 308169 3,026.00 308175 324.38 308176 7,843.10 308178 5,056.37 308179 14,257.00 308181 8,735.50 308182 7,408.50 308183 3,939.00 308184 38.75 308185 1,200.00 308186 196.50 308189 6,425.00 308190 2,604.00 308191 23,743.32 308192 3,480.70 308193 8,203.00 308194 161.03 308196 415.68 308197 1,592.52 308198 5,936.00 308199 5,615.10 308200 2,685.44 308201 7,000.00 308202 8,965.00 308203 2,832.00 308204 78.00 308205 11,740.00 308207 2,794.30 308208 4,920.00 308210 20,240.00 308211 4,615.50 308212 345.43 308213 900.57 308215 1,341.00 308216 969.75 308217 12,563.05 308218 4,557.00 308219 1,598.50 308221 46,388.80 308222 2,021.00 308223 1,960.00 308224 8,659.87 308225 7,070.40 308227 22.50 308230 6,770.40 308231 8,006.00 308232 1,680.00 308233 2,689.20 308234 6,036.00 308236 486.00 308237 230.50 308242 5,319.10 308243 17,817.67 308244 9,963.00 308245 1,545.19 308246 8,774.23 308247 211.19 308248 2,149.18 308249 6,505.29 308250 300.00 308251 683.00 308252 14,700.00 308254 4,970.76 308255 39.93 308256 31.96 308257 39,610.06 308258 2,249.10 308259 264.23 308260 1,196.98 308261 79.56 308262 13,448.76 308263 3,587.82 308265 10,611.21 308268 34,327.30 308271 62,077.00 308272 64,137.38 308273 68,584.59 308274 22,578.50 308275 12,078.96 308276 15,368.58 308277 44,550.00 308278 4,916.88 308279 12,968.71 308280 16,892.00 308281 30,034.51 308282 5,293.65 308283 27,856.13 308284 12,760.80 308285 27,196.17 308286 43,087.20 308287 19,706.03 308288 11,958.00 308289 37,767.65 Page 2 308290 24,971.52 308291 13,970.35 308292 24,553.63 308293 21,388.35 308294 15,837.18 308295 5,500.00 308296 5,500.00 308297 11,847.91 308298 21,104.72 308299 125.00 308300 21,554.23 308301 11,038.50 308302 9,604.63 308303 34,449.33 308304 41,904.51 308305 38,290.84 308306 17,102.30 308307 40,993.61 308308 9,622.37 308309 30,316.00 308310 27,238.98 308311 14,583.11 308312 45,290.41 308313 18,004.97 308314 26,109.41 void in gl 308315 32,025.86 308316 20,425.00 308317 15,718.93 308318 2,040.41 308319 11,830.00 308320 805.98 308321 25,244.72 308322 21,564.23 308323 17,431.98 308324 30,070.59 308325 36,475.21 308326 29,826.02 308327 5,469.39 308328 36,978.00 308329 35,890.15 308330 1,403.04 308331 39,679.32 308332 36,860.75 308333 8,575.00 308336 175.11 308337 192.58 308338 159.81 308339 228.96 308340 697.65 308341 269.99 308342 5,660.82 308343 133.73 308344 95.04 308345 126.34 308346 1,447.20 308347 847.13 308348 44.27 308349 292.88 308350 291.55 308351 120.80 308352 501.09 308353 197.77 308354 269.32 308355 136.19 308356 299.59 308357 1,121.33 308358 2,102.31 308359 53.24 308360 125.96 308361 444.90 308362 102.08 308363 1,018.97 308364 112.34 308365 228.88 308366 279.47 308367 247.40 308368 1,381.32 308369 593.83 308370 515.24 308371 1,215.00 308372 874.79 308373 718.41 308374 344.40 308375 627.59 308376 165.88 308377 45.00 308378 1,045.44 308379 107.98 308380 969.97 308381 82.15 308382 2,120.90 308383 5,319.96 308384 1,230.00 308385 250.00 308386 259.19 308387 447.64 308388 525.51 308389 190.07 308390 3,000.00 308391 130.81 308392 140.39 308393 323.95 308394 40.00 308395 515.49 308396 42.66 308397 127.16 308398 2,523.19 308399 4,448.05 308400 1,284.37 308401 160.84 308403 172.75 308404 204.23 308405 102.58 308406 5,064.81 308407 18.00 308408 425.70 308409 129.59 308410 235.92 308411 141.91 308412 242.95 308413 122.64 308414 215.99 Page 3 308415 123.75 308416 378.38 308417 407.50 308418 1,983.47 308419 181.40 308420 137.60 308421 48.60 308422 200.00 308423 535.33 308424 821.48 308425 1,426.20 308426 150.00 308427 114.90 308428 97.18 308429 18,991.00 380430 1,212.99 380431 21.28 308432 70.00 308433 1,690.28 308434 298.96 308435 200.62 308436 248.38 308437 280.13 308438 9,806.25 308439 269.51 308440 1,680.63 308441 1,425.99 308442 945.45 308443 601.00 308444 38.00 308445 299.36 308446 572.81 308447 2,861.25 308448 10,658.73 308449 472.37 308450 1,290.54 308451 440.00 308452 47,049.57 308453 169.83 308454 265.74 308455 79.48 308456 23,226.89 308457 2,777.56 308458 15,840.00 308459 275.18 308460 186.95 308461 272.59 308462 153.73 308463 114.99 308464 1,467.73 308465 1,030.00 308466 1,067.21 308467 673.80 308468 5,183.15 308469 277.53 308470 161.69 308471 465.96 308472 23.28 308473 106.99 308474 247.22 308475 1,449.48 308476 3,059.50 308477 170.36 308478 889.85 308479 91.93 308480 302.37 308481 2,663.59 308482 19.72 308483 4,121.83 308484 57.41 308485 733.91 308486 123.57 308487 353.10 308488 226.77 308489 5,122.00 308490 2,882.52 308491 1,855.80 308492 812.70 308493 1,040.59 308494 159.70 308495 34,337.80 308496 12,285.51 308497 2,412.25 308498 1,900.00 308499 7,594.12 308500 12,522.60 308501 1,586.11 Page 4 STROUDS, INC. PAYROLL ACCOUNT RECONCILIATION ACCOUNT #101-015-800 Bank Account #4038-142667, 4038-174926, 4759-621030 03/02/01 Net outstanding checks list (see attached for detail) (92,536.33) Overland Sweep Account balance 67,805.87 (24,730.46) ----------- Add: Sweep transfer in transit (11,684.69) Unrecorded PR26-1 tax credit (3,698.92-3,663.67) 35.25 PR#4 checks in transit (#220211, 13, 18-19, 21-22, 24-25) (690.18) (12,339.62) ----------- Adj: Voided checks did not get through until March01 (see Schedule A) 2,223.30 03/03/01 ADJUSTED BANK BALANCE (34,846.78) =========== 03/03/01 G/L balance (12,852.92) WFB reverse settlement will book in G/L Mar01 1,159.61 WFB returns will book in G/L Mar01 623.58 PR#5 checks went through (#119898598-19898638) (25,333.34) WFB reverse credit (#204962) 23.09 WFB voided check will be booked on PR#7 (#217271) 259.70 WFB voided check will be booked on PR#7 (#219096) 89.62 WFB voided check will be booked on PR#7 (#219761) 291.27 WFB voided check will be booked on PR#7 (#13223681) 265.24 WFB voided check will be booked on PR#7 (#13223693) 108.21 WFB voided check will be booked on PR#7 (#13223753) 54.09 WFB voided check will be booked on PR#5 (#19898566) 200.00 WFB voided check will be booked on PR#5 (#19898573) 1,399.54 WFB voided check will be booked on PR#5 (#19898578) 200.00 WFB voided check will be booked on PR#5 (#19898583) 566.87 WFB voided check will be booked on PR#5 (#19898595) 500.00 ----------- TOTAL TIMING DIFFERENCES (19,592.52) WFB cleared check not in G/L (#1630768) (597.75) (G/L POSTED AND WFB BOOKED AGAIN, VOID MARCH01 ON WFB ONLY) WFB cleared check Sept00 not in G/L (#7777) (401.35) WFB outstanding check Oct00 not in G/L (#7777) (401.35) WFB voided check not in G/L (#13223030) 401.35 (VOID #7777 MARCH01 ON WFB ONLY) PR#7 G/L voided, not in WFB (#191) (271.18) PR#8 posted WFB, G/L did not book (#4) (271.18) PR#21 G/L and WFB booked O/S (#191) - PR#21 G/L and WFB voided (#200) - (VOID #4 & #191 MARCH01 ON WFB ONLY) WFB check not on G/L (#398) (7.23) (VOID #398 MARCH01 ON WFB ONLY) WFB cleared duplicated check (#219395) (852.65) (GL $853.65 O/S ON WFB, WILL REVERSE WFB ONLY ON MARCH) ----------- TOTAL MISC. DIFFERENCES (2,401.34) TOTAL ADJUSTMENTS (21,993.86) ----------- 03/03/01 ADJUSTED G/L BALANCE (34,846.78) =========== VARIANCE (0.00)
STROUDS, INC. PAYROLL ACCOUNT RECONCILIATION ACCOUNT #101-015-800 SCHEDULE A: Voids not processed by WFB (need to void on WFB only): 9481029 1,150.00 PR#4 WFB cleared as 9184029 13223238 7.23 PR#20&21 issued and reversed on G/L 13223294 900.00 PR#22 voided in G/L cleared in WFB Oct00 as #133232 13223672 118.43 PR#26 WFB cleared as 13226372 19898516 47.64 PR#3 voided in G/L, not in WFB -------- 2,223.30 ========
PAYROLL ACCOUNT RECONCILIATION ACCOUNT #101-015-800 Outstanding Checks Outstanding As of 3/3/01 1 516.68 9295 397.44 195592 6.89 218369 8.05 219788 208.41 220094 383.50 19898559 259.42 4 271.18 9350 5.66 195705 26.25 218511 37.15 219789 377.11 220104 32.68 19898574 230.39 191 271.18 9442 81.93 196883 8.61 218642 576.83 219798 463.11 220120 404.83 19898585 303.15 398 7.23 9863 30.54 198562 18.37 218759 387.24 219803 714.08 220121 330.65 19898605 600.00 1086 227.79 9873 89.35 198604 123.84 218948 110.42 219805 182.70 220123 102.58 19898608 1,500.00 1118 18.37 9960 4.41 199154 6.10 218963 259.42 219810 86.51 220126 132.49 19898609 847.26 1196 70.62 9969 75.05 199428 22.50 219031 107.01 219827 135.36 220130 230.44 19898614 1,200.00 1208 114.00 9973 161.82 199520 38.57 219076 0.02 219841 1,028.92 220134 270.42 19898615 8.48 7777 401.35 14233 183.96 200238 216.29 219088 190.73 219843 561.76 220147 91.94 19898616 102.42 7966 49.94 143055 173.70 200868 649.20 219101 518.85 219848 173.16 220154 297.19 19898617 76.63 7967 72.53 146424 332.12 201358 197.08 219105 259.42 219862 474.92 220156 775.00 19898618 56.79 7968 128.21 146703 51.02 201595 79.11 219133 50.92 219869 1,304.85 220160 586.04 19898619 88.02 7969 271.87 146800 2.44 202127 16.74 219280 489.11 219874 380.83 220171 1,252.64 19898620 213.77 7970 46.28 147697 928.34 202981 54.69 219322 733.54 219878 187.60 220195 900.81 19898621 1,248.46 7971 38.58 151282 74.47 203190 61.24 219332 196.89 219879 193.43 220201 541.11 19898622 1,314.26 7972 606.57 151503 433.11 203308 9.17 219395 853.65 219881 456.14 1630729 14.06 19898623 426.00 7973 303.08 152131 73.19 205375 61.58 219400 117.29 219885 1,066.58 1630730 97.53 19898624 624.00 7974 522.85 152153 13.04 205385 3,330.92 219488 322.20 219888 97.58 1630768 597.75 19898625 300.00 7976 152.88 154721 49.51 205429 350.71 219528 259.43 219895 471.32 1631331 65.68 19898626 500.00 7977 197.70 154934 149.19 205525 69.23 219533 259.42 219902 547.46 1631394 78.08 19898627 411.28 7978 805.39 158225 53.75 207939 180.05 219599 162.08 219904 223.40 9481029 1,150.00 19898628 900.00 7979 648.60 162688 25.72 208294 273.67 219612 350.42 219919 369.46 9481150 386.13 19898629 1,399.54 7980 72.62 162704 48.95 209155 14.07 219615 82.30 219929 458.87 9481157 55.46 19898630 7.32 7981 66.49 163351 177.39 210289 66.26 219620 522.72 219932 460.30 9481273 488.31 19898631 742.26 7982 119.14 163859 5.58 210555 290.38 219622 256.63 219938 258.58 9481347 7.22 19898632 667.03 7983 54.73 164223 44.29 211506 224.78 219626 244.94 219941 512.18 9481382 226.45 19898633 774.81 7984 283.56 165704 897.72 211689 15.80 219636 64.29 219947 112.71 9481491 71.15 19898634 341.67 7985 101.45 166498 25.98 211714 28.23 219643 566.47 219955 162.49 9481656 101.05 19898635 645.53 7986 143.29 167077 289.63 212045 212.28 219645 286.98 219956 274.59 9481714 84.75 19898636 686.91 7987 183.03 168841 401.36 213724 593.39 219661 332.80 219966 252.09 9481718 56.75 19898637 663.12 7988 419.07 168874 179.74 214022 1.00 219667 579.12 219968 247.79 9481838 74.55 19898638 427.27 7989 201.17 170011 32.72 214228 38.11 219668 306.28 219972 358.54 9481983 48.49 7990 74.62 170331 109.05 214764 1.01 219684 1,141.80 219973 734.56 13223066 675.69 7991 375.72 170350 40.31 215001 52.80 219691 534.92 219976 606.68 13223090 276.77 7992 9.18 171627 22.97 215133 121.96 219693 240.51 219977 684.21 13223173 4.73 7993 314.40 171773 29.70 215312 553.13 219698 639.32 219979 390.34 13223178 16.94 7994 691.85 173181 16.98 215325 36.96 219704 214.18 219980 451.86 13223238 7.23 8148 55.10 174573 42.43 215435 356.71 219712 360.67 219981 75.74 13223294 900.00 8236 59.16 175945 60.11 215652 16.04 219715 194.41 219982 328.28 13223350 121.17 8399 151.29 175956 29.71 215807 98.93 219717 143.86 220008 167.23 13223492 36.85 8444 19.91 176937 327.05 216280 385.84 219722 20.26 220014 647.13 13223578 77.24 8447 13.78 177332 29.70 216580 19.61 219738 60.64 220032 201.82 13223584 85.43 8535 110.51 177522 110.39 216652 25.66 219749 206.21 220048 114.81 13223609 51.34 8591 500.00 178705 2.12 216690 131.31 219751 47.32 220049 434.74 13223672 118.43 8792 2.99 178876 14.81 216707 225.89 219752 96.13 220053 412.65 13223680 191.44 9084 14.36 179664 96.10 217298 92.16 219753 243.11 220064 29.32 13223757 128.31 9133 70.92 180057 381.39 217513 230.01 219771 67.90 220069 163.97 19898511 45.73 9241 56.58 190066 192.89 217878 202.67 219775 331.01 220070 395.63 19898516 47.64 9245 100.55 193843 64.68 218138 393.25 219783 624.31 220072 562.67 19898518 24.75 9258 270.56 195242 78.53 218325 79.73 219785 139.00 220075 222.09 19898547 342.63 TOTAL OUTSTANDING 92,536.33
In re: Strouds Case No. 003552MFW Reporting period: Feb-01 Statement of Operations
CUMULATIVE MONTH FILING TO DATE -------------------- --------------------------- REVENUES Gross Revenues 21,078,430 127,802,734 Less: Returns & Allowances 5,110,521 31,089,953 --------------------------------------------------------------------- Net Revenue 15,967,909 96,712,781 COST OF GOODS SOLD - Beginning Inventory 55,985,353 61,815,152 Add: Purchases 7,572,303 54,065,711 Less: Inventory sold to liquidators - 5,526,066 Add: Cost of Labor 1,101,510 6,082,242 Add: Other Costs (see continuation) 36,923 252,530 Less: ending Inventory 53,909,349 53,909,349 Cost of Goods Sold 10,786,740 62,780,220 ------------------- -------------------- Gross Profit 5,181,169 33,932,561 OPERATING EXPENSES Advertising (505,901) 4,062,706 Auto and Truck Expense 13,811 58,846 Bad Debts 48,531 265,463 Contributions 1,936 3,408 Employee Benefits Programs 136,564 838,461 Insider Compensation 85,762 Insurance 125,805 679,711 Management fees/bonuses - Office Expense 7,500 54,535 Pension and Profit Sharing - Repairs & Maintenance 152,824 749,530 Rent and Lease expense 1,473,286 9,186,852 Salaries/Commissions/Fees 2,178,200 11,911,466 Supplies 110,594 706,939 Taxes-Payroll 221,766 1,053,916 Taxes-Real Estate 93,463 591,411 Taxes-Other 28,891 196,051 Travel and Entertainment 20,034 135,904 Utilities 183,424 1,180,653 Other (attached) 480,740 2,827,739 --------------------------------------------------------------------- Total Operating Expenses Before Depreciation 4,771,466 34,589,351 Depreciation/Depletion/Amortization 242,352 2,219,120 --------------------------------------------------------------------- Net Profit (Loss) Before Other Income and Expenses 167,351 (2,875,910) OTHER INCOME AND EXPENSES - Other Income (50,590) (214,371) Interest Expense 622,657 2,445,535 Other Expense - --------------------------------------------------------------------- Net Profit (Loss) Before Reorganization Items (404,715) (5,107,073) REORGANIZATION ITEMS - Professional Fees (50,531) 2,756,243 U.S. Trustee Quarterly Fees 250 Interest Earned on Accumulated Cash from Chapter 11 - Loss from Sale of Assets 3,749,319 8,625,215 Other Reorganization Expenses 105,380 749,763 --------------------------------------------------------------------- Total Reorganization Expenses 3,804,168 12,131,471 Income Taxes - - --------------------------------------------------------------------- Net Profit (Loss) (4,208,883) (17,238,544) =====================================================================
In re: Strouds, Inc. Case No. 003552MFW Reporting Period: Feb-01 STATEMENT OF OPERATIONS - CONTINUATION SHEET
=============================================================================================================================== CUMULATIVE BREAKDOWN OF "OTHER CATEGORY" MONTH FILING TO DATE =============================================================================================================================== Other Costs Customer shipping, net 36,923 173,811 =============================================================================================================================== Other Operating Expenses Credit card discount fees 191,135 1,548,180 Licenses/Dues 20,986 76,640 Recruiting 37,341 186,349 Outside services (cleaning/Inventory/security) 130,913 657,858 Non-reorganization services/professional 100,366 402,047 ----------------------------------------------- Total other operating expenses 480,740 2,871,073 =============================================================================================================================== Other Income Home services contribution (4,428) 132,384 Sales tax refund (46,162) =============================================================================================================================== Other Expenses Loss on disposal of fixed assets 3,749,319 7,085,439 =============================================================================================================================== Other Reorganization Expenses None ===============================================================================================================================
In re: Strouds, Inc. Case No. 003552MFW Reporting period. Feb-01 BALANCE SHEET
BOOK VALUE @ END OF BOOK VALUE ON CURRENT REPORTING MONTH PETITION DATE ------------------------------ ---------------------------- ASSETS CURRENT ASSETS Unrestricted Cash and Equivalents 81,263 1,226,985 Restricted Cash and Cash Equivalents Accounts Receivable (Net) 1,454,473 953,789 Notes Receivable - - Inventories 53,909,349 61,815,152 Prepaid Expenses 4,270,791 2,380,967 Professional Retainers 605,000 Other Current Assets (see continuation) 805,885 805,885 ------------------------------ ---------------------------- TOTAL CURRENT ASSETS 60,521,761 67,787,778 PROPERTY AND EQUIPMENT Real Property and Improvements Machinery and Equipment 3,486,107 4,720,407 Furniture, Fixtures and Office Equipment 30,504,148 45,084,591 Leasehold Improvements 6,180,560 9,768,213 Vehicles - - Less Accumulated Depn 28,495,164 38,162,052 ------------------------------ ---------------------------- TOTAL PROPERTY & EQUIPMENT 11,675,651 21,411,159 OTHER ASSETS Loans to Insiders - - Other Assets (see continuation) 7,956,617 8,515,167 ------------------------------ ---------------------------- TOTAL OTHER ASSETS 7,956,617 8,515,167 ------------------------------ ---------------------------- TOTAL ASSETS 80,154,028 97,714,104 ============================== ============================ LIABILITIES AND OWNER EQUITY LIABILITIES NOT SUBJECT TO COMPROMISE Accounts Payable 3,301,753 Taxes Payable 1,700,048 2,084,004 Wages & Vacation Payable 2,038,198 1,367,442 Notes Payable Rent/Leases-Building/Equipment Secured Debt/Adequate protection payment (DIP LOAN) 30,312,196 Professional fees 1,958,000 Amounts due to insiders Other Postpetition Liabilities (see continuation) 3,940,045 1,415,811 ------------------------------ ---------------------------- TOTAL POSTPETITION LIABILITIES 43,250,241 4,867,257 LIABILITIES SUBJECT TO COMPROMISE (PRE-PETITION) Secured Debt (CIT PRE-PETITION LOAN) 38,879,735 Priority Debt - Unsecured Debt 31,566,976 31,391,756 ------------------------------ ---------------------------- TOTAL PREPETITION LIABILITIES 31,566,976 70,271,491 ------------------------------ ---------------------------- TOTAL LIABILITIES 74,817,217 75,138,748 OWNER EQUITY Capital Stock 895 895 Additional Paid-In-Capital 39,304,533 39,304,533 Treasury Stock (1,890,000) (1,890,000) Owner's Equity Account Retained Earnings-Pre-Petition (14,840,072) (14,840,072) Retained Earnings-Postpetition (17,238,544) - Adjustments to Owner Equity Postpetition Contributions ------------------------------ ---------------------------- NET OWNER EQUITY 5,336,812 22,575,356 ------------------------------ ---------------------------- TOTAL LIABILITIES AND OWNER EQUITY 80,154,029 97,714,104 ============================== ============================ -
In re: Strouds, Inc. Case No. 003552MFW Reporting Period: Feb-01 BALANCE SHEET- CONTINUATION SHEET
================================================================================================================================ BOOK VALUE AT END OF BOOK VALUE ON ASSETS CURRENT REPORTING MONTH PETITION DATE ================================================================================================================================ Other Current Assets Deferred Income Taxes 805,885 805,885 ================================================================================================================================ Other Assets Deferred Income Taxes 498,000 498,000 Goodwill 6,751,467 6,876,402 Trust Receivable 483,000 811,887 Deposits (primarily lease & utility deposits) 224,150 328,878 ----------------------------------------------------------- Total Other Assets 7,956,617 8,515,167 ================================================================================================================================ BOOK VALUE AT END OF BOOK VALUE ON LIABILITIES AND OWNER EQUITY CURRENT REPORTING MONTH PETITION DATE ================================================================================================================================ Other Postpetition Liabilities Merchandise credits due customers 820,996 1,121,050 Accrued advertising expenses 4,330 - Accrued interest expense 36,619 - Accrued legal & Audit - - Gift certificates outstanding 171,246 205,090 Special order customer deposits 22,785 89,671 Postpetition operating expense accruals 785,958 - Cash overdraft reclass 2,098,111 - ----------------------------------------------------------- Total Other Postpetition Liabilities 3,940,045 1,415,811 ================================================================================================================================
In re: Strouds, Inc. Case No. 003552MFW Reporting Period: Feb-01 STATUS OF POSTPETITION TAXES
BEGINNING AMOUNT ENDING TAX WITHHELD OR AMOUNT DATE CHECK NO. TAX LIABILITY ACCRUED PAID PAID OR EFT LIABILITY --------------------------------------------------------------------------------------------------- FEDERAL Withholding 112,342 322,214 (330,225) 104,331 FICA-Employee 38,895 210,515 (180,010) 69,400 FICA-Employer 38,895 210,515 (180,010) 69,400 Unemployment 898 17,154 (13,192) 4,860 Income 123,098 123,098 Other - - --------------------------------------------------------------------------------------------------- Total Federal Taxes 314,128 760,398 (703,438) - - 371,088 STATE AND LOCAL Withholding (20,531) 91,231 (44,693) 26,008 Sales 1,112,443 1,224,587 (1,050,144) 1,286,886 Excise - - Unemployment 1,885 57,040 (42,859) 16,066 Real Property - - Personal Property - - Other - - --------------------------------------------------------------------------------------------------- Total State and Local 1,093,797 1,372,858 (1,137,696) - - 1,328,960 --------------------------------------------------------------------------------------------------- TOTAL TAXES 1,407,925 2,133,257 (1,841,133) - - 1,700,048 ===================================================================================================
In re: Strouds, Inc. Case No. 003552MFW Reporting Period: Feb-01 SUMMARY OF UNPAID POSTPETITION DEBTS
- ----------------------------------------------------------------------------------------------------------------------------------- NUMBER OF DAYS PAST DUE CURRENT 0-30 31-60 61-90 > 90 TOTAL - ----------------------------------------------------------------------------------------------------------------------------------- Accounts Payable 2,030,324 - - - - 2,030,324 Wages and Vacation Payable 971,578 - - 1,066,620 2,038,198 Taxes Payable 1,700,048 - - - - 1,700,048 Rent/Leases-building 1,271,429 - - - - 1,271,429 Rent/Leases-equipment - - - - - - Secured Debt/Adequate Protection Payments 30,312,196 - - - - 30,312,196 Professional Fees 1,958,000 - - - - 1,958,000 Amounts due to Insiders - - - - - - Other (Customer obligations /Merch credits, etc.) 1,015,028 - - - - 1,015,028 Accrued advertising 4,330 - - - - 4,330 Accrued Interest 36,619 - - - - 36,619 Accrued other - - - - - - Cash overdraft reclass 2,098,111 2,098,111 Accrued operating expenses 785,958 - - - - 785,958 ------------------------------------------------------------------------------- Total Postpetition Debts 42,183,621 - - - 1,066,620 43,250,241
APO148 Strouds, Inc. - 4R4 Time: 10:07.02 Date: 3/19/01 SCRSAC Strouds, Inc. #9 Page: 1 Trade Payables Invoices Monthly Accounts Payable Balancing as of 12 FEB 00 ================================================================================================================================ VENDOR GROSS CREDITS TOTAL CURRENT PRIOR OVER 2 NUMBER NAME AMOUNT ON INVOICE LIABILITY PERIOD PERIOD PERIODS ================================================================================================================================ 1 FIELDCREST CANNON IN 245723.16 .00 245723.16 245723.16 .00 .00 2 MARTEX/ WestPoint St 39815.90 .00 39815.90 39815.90 .00 .00 6 J.R. UNITED 15283.59 .00 15283.59 15283.59 .00 .00 8 ZENITH 766.20 .00 766.20 766.20 .00 .00 13 BARTH & DREYFUSS 13281.78 108.00- 13173.78 13173.78 .00 .00 14 FRANCO 2307.90 .00 2307.90 2307.90 .00 .00 17 SAYDAH, CECIL 38430.90 .00 38430.90 30122.82 8308.08 .00 18 LINTEX 679.08 .00 679.08 679.08 .00 .00 21 LACEY MILLS 2787.20 .00 2787.20 2787.20 .00 .00 26 SIBYL SHEPARD 53.60 .00 53.60 53.60 .00 .00 38 CROSCILL 4094.52- 205.90- 4300.42 1394.07- 2906.35- .00 41 NEW CONCEPTS 23096.00 .00 23096.00 23096.00 .00 .00 43 KAREN CARSON CREATIO 7028.10 .00 7028.10 7028.10 .00 .00 47 INDIA INK 17963.54 .00 17963.54 17963.54 .00 .00 51 PILLOWTEX 18255.90 .00 18255.90 18255.90 .00 .00 54 REGAL 231.91- .00 231.91 231.91- .00 .00 58 LA MONT 7786.84 .00 7786.84 7786.84 .00 .00 61 CHATHAM 400.92- .00 400.92 400.92- .00 .00 64 VERATEX 54435.38 .00 54435.38 54435.38 .00 .00 76 ATHENA BY VIRGIL 384.04- .00 384.04 384.04- .00 .00 80 BARDWIL INDUSTRIES, 35833.74 .00 35833.74 35833.74 .00 .00 84 LOUISVILLE BEDDING 30983.74 .00 30983.74 30983.74- .00 .00 85 REED HANDCRAFTS 3497.70- .00 3497.70 3497.70 .00 .00 100 STYLEBUILT 9464.23 .00 9464.23 9464.23- .00 .00 104 GEORGIA TUFTED SALES 119.99- .00 119.99 119.99 .00 .00 107 SPRINGS BATH FASHION 8624.65 .00 8624.65 8624.65 .00 .00 120 R & M INDUSTRIES 7554.10 .00 7554.10 7554.10 .00 .00 122 AVANTI LINENS, INC. 21869.54 .00 21869.54 21869.54 .00 .00 124 WEATHERSFIELD 34.50- .00 34.50- .00 .00 34.50- 153 W.C. REDMON 7565.93 .00 7565.93 7565.93 .00 .00 160 GRAINWARE 1953.04 .00 1953.04 1953.04 .00 .00 168 GINSEY INDUSTRIES 2088.00 .00 2088.00 2088.00 .00 .00 170 M S I 4521.00 .00 4521.00 4521.00 .00 .00 172 F.R. INDUSTRIES 6054.00 30.00- 6024.00 6024.00 .00 .00 173 CREATIVE BATH 19156.27 .00 19156.27 19156.27 .00 .00 187 MR. SATIN 19.23 .00 19.23 19.23 .00 .00 189 TOWNHOUSE MILLS .00 .00 .00 .00 .00 .00 198 HOLLANDER HOME FASHI 267372.90 20.00- 267352.90 275020.90 5169.00- 2499.00- 206 KEECO 18465.98 60.00- 18405.98 18405.98 .00 .00 213 S. LICHTENBERG & CO. 23958.51 .00 23958.51 23958.51 .00 .00 220 HILASAL 48601.35 .00 48601.35 48601.35 .00 .00 228 W. C. DESIGNS 69793.00 60.00- 69733.00 69733.00 .00 .00 238 ARLEE HOME FASHIONS 25991.30 .00 25991.30 25991.30 .00 .00 239 BETTER SLEEP, INC. 8496.11 6.30- 8489.81 8489.81 .00 .00 249 PIEDMONT SALES 3850.00 .00 3850.00 3850.00 .00 .00 258 HIGH COUNTRY LINENS 11262.00 .00 11262.00 11262.00 .00 .00 272 SMITH & JOHNSON DRY 6721.32 .00 6721.32 6721.32 .00 .00 303 HOME TREASURE 1377.00 .00 1377.00 1377.00 .00 .00 308 COMMONWEALTH HOME FA .02 .00 .02 .02 .00 .00 316 ELRENE MFG. CO. 7721.28 .00 7721.28 7721.28 .00 .00
AP0148 Time: 10:07.2 Date: 3/19/01 SCRSAC Page: 2 Strouds, Inc. - 4R4 Strouds, Inc. #9 Trade Payables Invoices Monthly Accounts Payable Balancing as of 12 FEB 00 - ----------------------------------------------------------------------------------------------------------------------- Vendor Gross Credits Total Current Prior Over 2 Number Name Amount On Invoice Liability Period Period Periods - ----------------------------------------------------------------------------------------------------------------------- 320 CLOUD NINE COMFORTS 1527.46- .00 1527.46- 852.54- 2380.00- .00 324 PORTMERION, USA 102.90- 2.00- 104.90- 104.90- .00 .00 348 VOHANN/DONISA 4704.92 .00 4704.92 4704.92 .00 .00 358 FITZ (JOHN C RITZENT) 1370.94 .00 1370.94 1370.94 .00 .00 360 TWO'S COMPANY 2853.85- .00 2853.85- 2853.85- .00 .00 370 KAY DEE DESIGNS, INC. 1391.65- .00 1391.65- 1391.65- .00 .00 371 SOUTHERN TEXTILES 10296.00 .00 10296.00 10296.00 .00 .00 378 SULTAN'S LINEN 15352.80 .00 15352.80 15352.80 .00 .00 383 FASHION PILLOW 403.88- .00 403.88- 403.88- .00 .00 408 FALLANI & COHN 9606.00 .00 9606.00 9606.00 .00 .00 412 WONDERTEX/ALLURE 3444.10 .00 3444.10 3444.10 .00 .00 417 PALAIS ROYAL 446.85 .00 446.85 446.85 .00 .00 442 IMGINAIR 400.81- .00 400.81- 400.81- .00 .00 454 EX-CELL HOME FASHION 74.40- .00 74.40- .00 74.40- .00 487 SNS DISTRIBUTING 1595.00 .00 1595.00 1595.00 .00 .00 489 COLUMBIA FRAME 557.47 .00 557.47 557.47 .00 .00 497 HOLLY DESIGNS, INC. 734.17 .00 734.17 734.17 .00 .00 498 SURE FIT 80.00- .00 80.00- .00 80.00- .00 499 BURLINGTON HOUSE DRA 10949.38 .00 10949.38 10949.38 .00 .00 501 JACKEL INTERNATIONAL 8552.04 .00 8552.04 8552.04 .00 .00 513 OXFORD BATH 2484.30 .00 2484.30 2484.30 .00 .00 515 FLO BARON 99.24 .00 99.24 99.24 .00 .00 519 BROWNSTONE STUDIO, LT 17907.00 .00 17907.00 17907.00 .00 .00 522 STEVENS RHOADES CERA 7110.60 40.00- 7070.60 1281.20 5789.40 .00 523 RAMALLAH/WESTERN HOM 17433.25 .00 17433.25 16113.25 1320.00 .00 524 SOURCE GLOBAL ENTERP 48078.95 .00 48078.95 48078.95 .00 .00 537 NEWMARK 4690.79- .00 4690.79- 4593.29- .00 97.50- 544 REVERE MILLS, INC. 4323.60 .00 4323.60 4323.60 .00 .00 546 PHILMONT MANUFACTURI 4484.69- .00 4484.69- 300.29- 4184.40- .00 561 LOROMAN 54.00 .00 54.00 54.00 .00 .00 563 INDIA OVERSEAS 5887.80 36.00- 5851.80 5851.80 .00 .00 571 FITZ & FLOYD 28846.18 .00 28846.18 28846.18 .00 .00 575 AMERICAN PACIFIC 89593.12 .00 89593.12 89593.12 .00 .00 577 WHITNEY STREET COMP. 13730.00 .00 13730.00 13730.00 .00 .00 589 ARC DISTRIBUTING 17.27 .00 17.27 17.27 .00 .00 599 C & F ENTERPRISES, I 30789.04 .00 30789.04 30789.04 .00 .00 605 CORSICAN .01 .00 .01 195.01 195.00- .00 609 Dupont 4000.00- .00 4000.00- 4000.00- .00 .00 615 CURTRON CURTAINS, INC 7275.00 .00 7275.00 7275.00 .00 .00 619 SPECTRUM 6594.76 61.20- 6533.56 6533.56 .00 .00 670 CUSTOM COMFORT 209.99 .00 209.99 209.99 .00 .00 675 BAY LINENS 155.85 .00 155.85 155.85 .00 .00 683 SFERRA 2790.04 .00 2790.04 2790.04 .00 .00 695 PARK B. SMITH LTD. 9881.09- .00 9881.09- 9881.09- .00 .00 698 FRENCH-TEX 53867.54 514.00- 53353.54 53353.54 .00 .00 702 IWI INTERNATIONAL 1401.08- .00 1401.08- 1401.08- .00 .00 714 KENNEBUNK WEAVERS IN 178.41 .00 178.41 178.41 .00 .00 731 FAMOUS SHOWER CURTAI 8748.00 .00 8748.00 8748.00 .00 .00 748 LILY WHITE 888.88 .00 888.00 888.00 .00 .00 766 PEKING HANDICRAFTS 31753.50 106.00- 31647.50 31647.50 .00 .00
AP0148 Time: 10:07.02 Date:3/19/01 SCRSAC Page: 3 Strouds, Inc. - 4R4 Strouds, Inc. #9 Trade Payables Invoices Monthly Accounts Payable Balancing as of 12 FEB 00 - ----------------------------------------------------------------------------------------------------------------------- Vendor Gross Credits Total Current Prior Over 2 Number Name Amount On Invoice Liability Period Period Periods - ----------------------------------------------------------------------------------------------------------------------- 789 REVMAN INDUSTRIES .00 .00 .00 .00 .00 .00 792 LAWRENCE 7513.46- .00 7513.46- 1109.69 8623.15- .00 807 SHERRY KLINE 44537.50 95.00- 44442.50 44442.50 .00 .00 818 FASHION INDUSTRIES, 282.66- .00 282.66- 282.66- .00 .00 824 COMFORT CLINIC .00 .00 .00 .00 .00 .00 848 ALLURE HOME CREATION 1698.00 .00 1698.00 1698.00 .00 .00 875 NEWPORT/LAYTON 526.74- .00 526.74- .01 .00 526.75- 878 BACOVA/BURLING HOUSE 6687.00 .00 6687.00 6687.00 .00 .00 887 CLERET 216.36- .00 216.36- 216.36- .00 .00 889 PAVILION PRODUCTS, I 3616.50 .00 3616.50 3616.50 .00 .00 937 SITLAX 1899.00 .00 1899.00 1899.00 .00 .00 951 CHARLES OWEN .00 .00 .00 422.60 .00 422.60- 1013 INTERNATIONAL SILVER 22580.00 .00 22580.00 22580.00 .00 .00 1029 ENDAR 16890.63 16.80- 16873.83 16873.83 .00 .00 1133 SHERIDAN AUSTRALIA 67583.39 19.50- 67563.89 67563.89 .00 .00 1134 BIEDERLACK 10435.81 .00 10435.81 10435.81 .00 .00 1142 GONZO CORP. 12433.43 .00 12433.43 12433.43 .00 .00 1160 THOMASVILLE HOME FUR 121.32 .00 121.32 121.32 .00 .00 1189 OXO - GENERAL HOUSEW 4141.98 14.85- 4127.13 4127.13 .00 .00 1202 HOME ESSENTIALS 540.00 .00 540.00 540.00 .00 .00 1306 ALLSTATE FLORAL & CR 79311.08 .00 79311.08 79311.08 .00 .00 1333 ACG. GREEN 1087.38 .00 1087.38 1087.38 .00 .00 1373 EXECUTIVE IMPORTS 2112.00 .00 2112.00 2112.00 .00 .00 1398 CLASSIC CONCEPTS 3324.31 .00 3324.31 3324.31 .00 .00 1413 WORLDWIDE ACCESS COR 7138.10 224.70- 6913.40 6913.40 .00 .00 1414 NORTH AMERICAN ENCLO 3350.30 .00 3350.30 3350.30 .00 .00 1452 BRUNTON INTERNATIONA 1947.00 .00 1947.00 1947.00 .00 .00 1460 DIVATEX HOME FASHION 3011.83- .00 3011.83- 3011.83- .00 .00 1473 SMITH & SONS SALES 25014.00 .00 25014.00 25014.00 .00 .00 1514 VENUS TEXTILES 6611.68- .00 6611.68- 12138.88- 5527.20 .00 1516 MVB DESIGNS 10649.20 .00 10649.20 10649.20 .00 .00 1517 MADISON INDUSTRIES 360.00- .00 360.00- .00 .00 360.00- 1525 CATALINA 2778.64 .00 2778.64 2778.64 .00 .00 1535 WRIGHT HOME ACCESSOR 4810.00 .00 4810.00 4810.00 .00 .00 1565 ZRIKE COMPANY 8533.07 .00 8533.07 8533.07 .00 .00 1566 J & S CANDLES, INC. 3600.00 .00 3600.00 .00 3600.00 .00 1589 RUG MARKET 14147.00 .00 14147.00 14147.00 .00 .00 1602 WANG'S INTERNATIONAL 14038.60 472.00- 13566.60 13566.60 .00 .00 1644 LEGGETT & PLATT 330.08 .00 330.08 .00 108.00- 438.08 1693 COLUMBINE CODY 7965.65 .00 7965.65 8146.00 180.35- .00 1696 LAZAR INDUSTRIES, INC. 650.25- .00 650.25- .00 2283.25 2933.50- 1706 LIBRA PACIFIC 52633.44 .00 52633.44 52633.44 .00 .00 1738 MATTEO LINENS 4260.00- .00 4260.00- 4260.00- .00 .00 1740 SLEEPQUARTERS, INC. 9317.77 .00 9317.77 9317.77 .00 .00 1743 AMERICAN HOMF ENSEMB 5240.80 .00 5240.80 5240.80 .00 .00 1746 EARTHTONE ORIGINALS 12012.25 .00 12012.25 12012.25 .00 .00 1748 IMPORT COLLECTION 10980.90 .00 10980.90 10980.90 .00 .00 1764 DEARAN IMPORTS 1876.00 .00 1876.00 1876.00 .00 .00 1781 SAM SALEM & SON 10879.46 .00 10879.46 10879.46 .00 .00 1812 GRAPHICS INTERNATION 19330.00 .00 19330.00 19330.00 .00 .00
AP0148 Time: 10:07.02 Date:3/19/01 SCRSAC Page: 4 Strouds, Inc. - 4R4 Strouds, Inc. #9 Trade Payables Invoices Monthly Accounts Payable Balancing as of 12 FEB 00 - ----------------------------------------------------------------------------------------------------------------------- Vendor Gross Credits Total Current Prior Over 2 Number Name Amount On Invoice Liability Period Period Periods - ----------------------------------------------------------------------------------------------------------------------- 1820 PEM-AMERICAN 20180.76 47.00- 20133.76 20133.76 .00 .00 1821 TEX STYLE, INC 11634.10 .00 11634.10 11634.10 .00 .00 1838 WILCO IMPORTS 64.80 .00 64.80 .00 64.80 .00 1863 LINDEN 11952.00 .00 11952.00 11952.00 .00 .00 1870 CARNATION HOME FASHI 3487.50 .00 3487.50 3487.50 .00 .00 1900 KIMBALL & YOUNG 285.51- .00 285.51- 285.51- .00 .00 1907 STEVEN DREW COLLECTI 8895.00 .00 8895.00 8895.00 .00 .00 1915 MASTERPIECE ACCESSOR 6118.00 .00 6118.00 6118.00 .00 .00 1917 RAINGEAR 3880.80 .00 3880.80 3880.80 .00 .00 1925 A&M HOME DESIGNS LLC 320.00 .00 320.00 320.00 .00 .00 1926 TESSILE INC 9427.74 .00 9427.74 9427.74 .00 .00 1931 STONE CLINE 129.00 .00 129.00 129.00 .00 .00 1939 KCH INDUSTRIES 12595.60 45.00- 12550.60 12550.60 .00 .00 1959 CANNING VALE 41889.26 73.00- 41816.26 87318.01 45501.75- .00 1969 SLEEP INOVATIONS 2398.20 .00 2398.20 2398.20 .00 .00 1971 KENNEY MANUFACTURING 2109.29 .00 2109.29 2109.29 .00 .00 1972 ELITE TEXTILE INC 1705.70 .00 1705.70 1705.70 .00 .00 1975 ULTIMA HOME FASHIONS 40696.44 .00 40696.44 40696.44 .00 .00 1987 UNIVERSAL INTERIOR I 400.00- .00 400.00- 400.00- .00 .00 2011 PACIFIC TRADE INTERN 7045.22 .00 7045.22 7045.22 .00 .00 2015 CRYSTAL CREATIONS 20 6120.78 .00 6120.78 6120.78 .00 .00 2017 WOOLTARA USA 10305.58 .00 10305.58 10305.58 .00 .00 2023 MICHAEL J. NEUMAN 3110.40- .00 3110.40- 3110.40- .00 .00 2025 CEASAREA WARDINON 19224.30 64.70- 19159.60 19105.60 54.00 .00 2028 FRITZ COMPANIES 13249.25 .00 13249.25 13249.25 .00 .00 2045 CHRISTINA'S DESIGNS, 1960.00 .00 1960.00 1960.00 .00 .00 2049 METRO MARKETING 1098.00 .00 1098.00 1098.00 .00 .00 2058 PANACHE 2605.75 12.00- 2593.75 2593.75 .00 .00 2061 KASSATEX INC. 1189.50- .00 1189.50- .00 .00 1189.50- 2071 LAZART PRODUCTION, I 9621.16 .00 9621.16 9621.16 .00 .00 2073 SFW 11556.00 .00 11556.00 11556.00 .00 .00 2091 MERAVIC 20920.65 50.40- 20870.25 20870.25 .00 .00 2093 BARREVELD INTERNATIO 25089.00 161.00- 24928.00 24928.00 .00 .00 2108 BURNES OF BOSTON 381.60- .00 381.60- 381.60- .00 .00 2111 LAVA ENTERPRISES 33787.50 18.00- 33769.50 33769.50 .00 .00 2127 PAPERPRODUCTS DESIGN 4972.50 19.50- 4953.00 4953.00 .00 .00 2137 MAZEL STORES 15274.20 .00 15274.20 15274.20 .00 .00 2141 GAGE 1995.86 .00 1995.86 1995.86 .00 .00 2153 STREIT EXOTICS 20.00 .00 20.00 20.00 .00 .00 2169 BIDDEFORD MILLS 106982.60- .00 106982.60- .00 .00 106982.60- 2194 FIBER PRO, INC. 4230.00 .00 4230.00 4230.00 .00 .00 2202 BARON INDUSTRIES, L. 8709.81 335.94- 8373.87 8373.87 .00 .00 2211 AEOLUS DOWN, INC. 4228.00 .00 4228.00 4228.00 .00 .00 2214 3D-PRODUCTS & DESIGN 1743.00 .00 1743.00 1743.00 .00 .00 2215 GUILFORD HOME FASHIO 112790.15 226.00- 112564.15 112564.15 .00 .00 2217 BLUE RIDGE HOME FASH 1041.60- .00 1041.60- 1041.60- .00 .00 2220 OLD PORT OF AMERICA 4066.75 .00 4066.75 4066.75 .00 .00 2234 TREND SETTING DESIGN 22193.18 61.80- 22131.38 22131.38 .00 .00 2237 THE IVY GUILD 13225.49 .00 13225.49 13225.49 .00 .00 2239 JENIGERE 18863.54 .00 18863.54 18863.54 .00 .00
AP0148 Time: 10:07.02 Date:3/19/01 SCRSAC Page: 5 Strouds, Inc. - 4R4 Strouds, Inc. #9 Trade Payables Invoices Monthly Accounts Payable Balancing as of 12 FEB 00 - ----------------------------------------------------------------------------------------------------------------------- Vendor Gross Credits Total Current Prior Over 2 Number Name Amount On Invoice Liability Period Period Periods - ----------------------------------------------------------------------------------------------------------------------- 2251 TEXTEC CREATIONS INC 2952.00 .00 2952.00 2952.00 .00 .00 2271 CARLISLE HOME PRODUC 5645.25 .00 5645.25 5645.25 .00 .00 2283 TOES ON THE NOSE 6480.00- .00 6480.00- .00 .00 6480.00- 2284 DANIEL LINENS 2354.40 .00 2354.40 2354.40 .00 .00 2306 A & B HONGDA GROUP, 3302.50 .00 3302.50 3302.50 .00 .00 2331 CREATIVE MOTION INDU 4516.00 .00 4516.00 4516.00 .00 .00 2337 ST. GEORGE CRYSTAL L 7342.80 .00 7342.80 7342.80 .00 .00 2341 S.S. DWECK & SONS IN 25236.00 .00 25236.00 25236.00 .00 .00 2350 THE LIGHTER COMPANY 10108.80 .00 10108.80 10108.80 .00 .00 2352 GENERAL TIME 1029.12 .00 1029.12 1029.12 .00 .00 2353 SILK BOTANICA, INC. 4876.00 .00 4876.00 4876.00 .00 .00 2362 STERLING ENTERPRISES 3625.00 .00 3625.00 3625.00 .00 .00 2363 TEXWIN ENTERPRISES, 9376.30 .00 9376.30 9376.30 .00 .00 2364 CLASSIC LINENS, INC. 1138.50 .00 1138.50 1138.50 .00 .00 2366 BDS / USGIFT.COM 6670.00 .00 6670.00 .00 6670.00 .00 2378 MOHAWK HOME 1620.00- .00 1620.00- 1620.00- .00 .00 2379 BENTONY INC. 3114.00 .00 3114.00 3114.00 .00 .00 Final Totals: 2547677.06 3206.59- 2544470.47 2701344.01 35785.67- 121087.87- *** End of Report ***
SCRSAC Page: 1 Strouds, Inc. #9 Expense Payables Invoices Monthly Accounts Payable Balancing as of 12 FEB 00 - --------------------------------------------------------------------------------------------------------------------------------- VENDOR GROSS CREDITS TOTAL CURRENT PRIOR OVER 2 NUMBER NAME AMOUNT ON INVOICE LIABILITY PERIOD PERIOD PERIODS - --------------------------------------------------------------------------------------------------------------------------------- 70180 ALMADEN PLAZA SHOPPI 24902.00 .00 24902.00 24902.00 .00 .00 70515 BOISE CASCADE OFFICE 335.63- .00 335.63 .00 .00 335.63- 70875 CITY OF INDUSTRY 1294.08 .00 1294.08 1294.08 .00 .00 70905 CITY OF MONTCLAIR 926.00 .00 926.00 926.00 .00 .00 70925 CIYT OF PASADENA 1571.26 .00 1571.26 1571.26 .00 .00 70970 CITY OF SANTA BARBAR 565.00 .00 565.00 565.00 .00 .00 70995 CITY OF THOUSAND OAK 776.75 .00 776.75 776.75 .00 .00 71155 DICK LARSEN-TAX COLL 1077.98 .00 1077.98 .00 .00 1077.98 71240 DAILY NEWS 1870.96 .00 1870.96 1870.96 .00 .00 71345 DIRECT LIST TECHNOLO 7859.74 .00 7859.74 7859.74 .00 .00 71505 FEDERAL EXPRESS 185.78 .00 185.78 185.78 .00 .00 71600 GE INFORMATION SE 1878.19 .00 1878.19 1878.19 .00 .00 71775 VERIZON 7899.97 .00 7899.97 7899.97 .00 .00 71890 GEORGE HANEY & SON, 287.55 .00 287.55 287.55 .00 .00 71910 HAROLD S. PITTMAN - 2734.48 .00 2734.48 .00 .00 2734.48 72055 IBM 13944.20 .00 13944.20 13944.20 .00 .00 72090 INSTANT PRINT SHOP 13207.67 .00 13207.67 13207.67 .00 .00 72160 JDA SOFTWARE SERVICE 925.50 .00 925.50 925.50 .00 .00 72175 JMB SECURITY SYSTEMS 1931.00 .00 1931.00 1931.00 .00 .00 72305 KENT H. LANDSBERG PA 4098.93 .00 4098.93 4098.93 .00 .00 72355 LEE BUFFINGTON 5596.14 .00 5596.14 .00 .00 5596.14 72435 CONTRA COSTA COUNTY 1305.82 .00 1305.82 .00 .00 1305.82 72465 LOS ANGELES TIMES 10103.01 .00 10103.01 10103.01 .00 .00 72475 LOS ANGELES TIMES SU 18.00 .00 18.00 18.00 .00 .00 72835 NESS, CHARLES 2615.00 .00 2615.00 2615.00 .00 .00 73005 PACIFIC BELL 1629.16 .00 1629.16 1629.16 .00 .00 73185 PACIFIC MECHANICAL S 4530.64 .00 4530.64 4530.64 .00 .00 73460 PG & E 3490.66 .00 3490.66 3490.66 .00 .00 73540 PRESS ENTERPRISE 1051.71 .00 1051.71 1051.71 .00 .00 73610 PAUL MCDONNELL 1304.34 .00 1304.34 .00 .00 1304.34 73765 SAN DIEGO GAS & ELEC 8651.96 .00 8651.96 8651.96 .00 .00 73945 SIGN-MART 2349.27 .00 2349.27 2349.27 .00 .00 74045 SOUTHERN CALIF. EDIS 49614.93 .00 49614.93 49614.93 .00 .00 74050 SOUTHERN CALIF. GAS 218.48 .00 218.48 218.48 .00 .00 74065 SPARKLETTS 341.50 .00 341.50 341.50 .00 .00 74275 TAX COLLECTOR, SANTA 6259.00 .00 6259.00 .00 .00 6259.00 74280 ANTHONY K. TAYLOR 55.89 .00 55.89 55.89 .00 .00 74635 WALLACE COMPUTER SER 210.62 .00 210.62 210.62 .00 .00 74760 DARLENE WISE 22.35 .00 22.35 22.35 .00 .00 74829 LOCKSLEY GROUP 3180.00 .00 3180.00 3180.00 .00 .00 74831 GENERAL SECURITY SYS 141.00 .00 141.00 141.00 .00 .00 74838 BENNETT EMTERPRISES 190.00 .00 190.00 190.00 .00 .00 74873 ANG NEWSPAPERS 631.26 .00 631.26 631.26 .00 .00 74887 M & M SWEEPING, INC. 130.00 .00 130.00 130.00 .00 .00 74902 PACIFIC BELL 272.09 .00 272.09 272.09 .00 .00 74955 DONNA AIDEKMAN 136.99 .00 136.99 136.99 .00 .00 74993 PLANT PEDDLER 53.33 .00 53.33 53.33 .00 .00 75064 CITY CLERK, CITY OF 32517.00 .00 32517.00 32517.00 .00 .00 75089 CITY OF SAN DIEGO 270.00 .00 270.00 270.00 .00 .00 75162 DONALD R. WHITE 2244.98 .00 2244.98 .00 .00 2244.98
AP0148 Time: 10:07.02 Date:3/19/01 SCRSAC Page: 2 Strouds, Inc. - 4R4 Strouds, Inc. #9 Expense Payables Invoices Monthly Accounts Payable Balancing as of 12 FEB 00 - ----------------------------------------------------------------------------------------------------------------------- Vendor Gross Credits Total Current Prior Over 2 Number Name Amount On Invoice Liability Period Period Periods - ----------------------------------------------------------------------------------------------------------------------- 75170 FRESNO COUNTY TAX CO 817.78 .00 817.78 .00 .00 817.00 75182 CITY OF INDUSTRY DIS 275.00 .00 275.00 275.00 .00 .00 75204 DEPARTMENT OF INDUST 220.00 .00 220.00 220.00 .00 .00 75212 TRI-COUNTY LIGHTING 16162.68 .00 16162.68 16162.68 .00 .00 75241 FERAMISCO, GARY L. 3130.24 .00 3130.24 .00 .00 3130.24 75249 KIMCO SERVICES, INC. 1088.00 .00 1088.00 1088.00 .00 .00 75261 JH BRYANT JR., INC. 262.95 .00 262.95 262.95 .00 .00 75262 KINKO'S INC. 8.21 .00 8.21 8.21 .00 .00 75300 LOS ANGELES COUNTY T 22998.05 .00 22998.05 .00 .00 22998.05 75350 U.S. POSTMASTER 500.00 .00 500.00 500.00 .00 .00 75357 NEOPOST LEASING 809.23 .00 809.23 809.23 .00 .00 75414 CAL-COUNTIES FIRE PR 220.03 .00 220.03 220.03 .00 .00 75421 CARJO ENTERPRISES 68.74 .00 68.74 68.74 .00 .00 75428 BLANCHARD'S LOCK AND 2830.34 .00 2830.34 2830.34 .00 .00 75447 INFINITE COMPUTER GR 511.28 .00 511.28 511.28 .00 .00 75468 VALCOMP ENGINEERING 366.00 .00 366.00 366.00 .00 .00 75494 COURTESY EMPLOYMENT 731.25 .00 731.25 731.25 .00 .00 75531 UNITED PARCEL SERVIC 29214.33 .00 29214.33 29214.33 .00 .00 75538 PACIFIC RIM MECHANIC 160.00 .00 160.00 160.00 .00 .00 75562 AFC AIR FILTER & FIR 95.74 .00 95.74 95.74 .00 .00 75565 SAN FRANCISCO TAX CO 1198.94 .00 1198.94 .00 .00 1198.94 75566 GRAPHIC DETAILS 14700.00 .00 14700.00 14700.00 .00 .00 75616 J.A.C. DIRECT, INC 3519.89 .00 3519.89 3519.89 .00 .00 75655 MUZAK - MINNESOTA 54.00 .00 54.00 54.00 .00 .00 75686 THE ARGUS 46.19 .00 46.19 46.19 .00 .00 75734 CALISTOGA MOUNTAIN S 72.58 .00 72.58 72.58 .00 .00 75738 PROTECTION ONE 29.95 .00 29.95 29.95 .00 .00 75743 WALNUT VALLEY WATER 71.10 .00 71.10 71.10 .00 .00 75747 CHARLES LOMELI, SOLA 526.34 .00 526.34 .00 .00 526.34 75751 THOMAS R. RUSSELL - 400.52 .00 400.52 .00 .00 400.52 75752 CORPORATE EXPRESS 1893.57 .00 1893.57 1893.57 .00 .00 75761 METRO TECH SERVICE, 783.00 .00 783.00 783.00 .00 .00 75911 L.A. MUNICIPAL SERVI 1109.56 .00 1109.56 1109.56 .00 .00 75919 ORANGE COUNTY PRINTI 2096.28 .00 2096.28 2096.28 .00 .00 75994 MANPOWER 10799.74 .00 10799.74 10799.74 .00 .00 76042 PARCEL DISTRIBUTION 38.00 .00 38.00 38.00 .00 .00 76048 COLOUR QUEST, INC. 70065.29 .00 70065.29 70065.29 .00 .00 76066 SPRINT 288.77 .00 288.77 288.77 .00 .00 76106 STEVE BALMOS 1007.93 .00 1007.93 1007.93 .00 .00 76116 NCS ASSESSMENTS/LOND 2868.40 .00 2868.40 2868.40 .00 .00 76143 SENSORMATIC ELECTRON 520.00 .00 520.00 520.00 .00 .00 76151 REPORTER 959.45 .00 959.45 959.45 .00 .00 76152 HUNTLEY FINANCIAL GR 14534.81 .00 14534.81 14534.81 .00 .00 76178 J. QUINT AND ASSOCIA 1470.00 .00 1470.00 1470.00 .00 .00 76187 IOS CAPITAL 3776.72- .00 3776.72- .00 .00 3776.72- 76220 PAY-LESS BOX 637.20 .00 637.20 637.20 .00 .00 76251 XPEDX (L.A. FILE 823 2255.06- .00 2255.06- .00 .00 2255.06- 76253 ENVIRONMENT CONTROL 2550.00 .00 2550.00 2550.00 .00 .00 76264 XPEDX (PITTSBURGH) 6283.50 .00 6283.50 5945.22 338.28 .00 76277 IVI CHECKMATE, INC. 447.92 .00 447.92 447.92 .00 .00
AP0148 Time: 10:07.02 Date:3/19/01 SCRSAC Page: 3 Strouds, Inc. - 4R4 Strouds, Inc. #9 Expense Payables Invoices Monthly Accounts Payable Balancing as of 12 FEB 00 - ----------------------------------------------------------------------------------------------------------------------- Vendor Gross Credits Total Current Prior Over 2 Number Name Amount On Invoice Liability Period Period Periods - ----------------------------------------------------------------------------------------------------------------------- 76293 GUARD-SYSTEMS, INC. 3826.70 .00 3826.70 3826.70 .00 .00 76297 MANPOWER (SAN FRANCI 5988.83 .00 5988.83 5988.83 .00 .00 76303 LABOR READY, INC. (T 4650.77 .00 4650.77 4650.77 .00 .00 76321 PATRIOT COMMUNICATIO 2464.14 .00 2464.14 2464.14 .00 .00 76339 YAHOO! INC. 300.00 .00 300.00 300.00 .00 .00 76345 SUPERIOR PRESS 38.64 .00 38.64 38.64 .00 .00 76396 NES EQUIPMENT & SERV 420.00 .00 420.00 420.00 .00 .00 76402 PREFERRED PALLETS 1242.00 .00 1242.00 1242.00 .00 .00 76405 QWEST (PHOENIX) 602.01 .00 602.01 602.01 .00 .00 76412 PARCEL 18 ASSOCIATES 8033.78- .00 8033.78- 8033.78- .00 .00 76432 BUSINESS MUSIC & COM 50.00 .00 50.00 50.00 .00 .00 76512 MICROSOFT CORPORATIO 1791.52 .00 1791.52 1791.52 .00 .00 76525 BERNARD HODES ADVERT 10349.27 .00 10349.27 10349.27 .00 .00 76530 KEY INFORMATION SYST 4319.18 .00 4319.18 4319.18 .00 .00 76533 KAREN NICHOLAS 158.92 .00 158.92 158.92 .00 .00 76546 ADT SECURITY SERVICE 842.84 .00 842.84 842.84 .00 .00 76562 LOUIS G. SOLTON 1854.84 .00 1854.84 .00 .00 1854.00 76564 EL CAMINO RESOURCES 5021.73 .00 5021.73 5021.73 .00 .00 76572 LOGISTICS WAREHOUSE 132182.52 .00 132182.52 132182.52 .00 .00 76574 HOMEOWNERS MARKETING 757.06 .00 757.06 757.06 .00 .00 76575 JON LIRA 3000.00 .00 3000.00 3000.00 .00 .00 76580 SCOTTSDALE FOUNDATIO 1106.40 .00 1106.40 1106.40 .00 .00 76581 TOTALLY ORGANIZED ST 2000.88 .00 2000.88 2000.88 .00 .00 76585 DOCUSOURCE 4000.27 .00 4000.27 4000.27 .00 .00 76588 BRADY STAFFING SERVI 621.00 .00 621.00 621.00 .00 .00 76589 NATIONAL BUSINESS SU 8096.00 .00 8096.00 5968.50 2127.50 .00 76593 NEW BOLD CORPORATION 5171.15 .00 5171.15 5171.15 .00 .00 999999 BATE, PETERSON, DEA 2372.00 .00 2372.00 2372.00 .00 .00 999999 FRONT LINE SALES INC 10.15 .00 10.15 10.15 .00 .00 999999 ANGELA JACOBSON 398.00 .00 398.00 398.00 .00 .00 999999 PAUL LEASUM 61.32 .00 61.32 61.32 .00 .00 999999 MARK PARKER-ELECTRIC 344.44 .00 344.44 344.44 .00 .00 999999 TERESA ANN SMITH 72.56 .00 72.56 72.56 .00 .00 999999 NATIONAL INFO-TECH C 209.00 .00 209.00 209.00 .00 .00 999999 JILL TAFFE 23.09 .00 23.09 23.09 .00 .00 999999 UNIVERSAL SURVEILLAN 7822.75 .00 7822.75 7822.75 .00 .00 Final Totals: 644283.74 .00 644283.74 596735.92 2465.78 45082.04
AP0148 Time: 10:07.02 Date:3/19/01 SCRSAC Page: 1 Strouds, Inc. - 4R4 Strouds, Inc. #9 Freight Payables Invoices Monthly Accounts Payable Balancing as of 12 FEB 00 - ----------------------------------------------------------------------------------------------------------------------- Vendor Gross Credits Total Current Prior Over 2 Number Name Amount On Invoice Liability Period Period Periods - ----------------------------------------------------------------------------------------------------------------------- 50045 CONSOLIDATED FREIGHT 768.90 .00 768.90 768.90 .00 .00 50125 LA XPRESS ASSEMBLY & 30734.16 .00 30734.16 30734.16 .00 .00 50235 VIKING FREIGHT SYSTE 286.70 .00 286.70 .00 286.70 .00 50249 WILSON TRUCKING CORP 221.91 .00 221.91 .00 221.91 .00 50284 M.R.J. TRUCKING, INC 262.00 .00 262.00 262.00 .00 .00 50291 STREAMLINE SHIPPERS 4111.50 .00 4111.50 4111.50 .00 .00 50328 COMBINED EXPRESS, IN 5544.34 .00 5544.34 5544.34 .00 .00 50331 EAST/WEST CONSOLIDAT 1795.86 .00 1795.86 1795.86 .00 .00 50340 CALENDAR TRANSPORT 6585.45 .00 6585.45 6585.45 .00 .00 50342 PACIFIC CARTAGE & WA 12856.84 .00 12856.84 12856.84 .00 .00 50343 OMEGA LOGISTICS 23753.50 .00 23753.50 23753.50 .00 .00 76455 KOLAX SHIPPERS, INC. 173262.55- .00 173262.55- 41184.30 .00 214446.85- 999999 DAYLIGHT TRANSPORT, 884.93 .00 884.93 884.93 .00 .00 Final Totals: 85456.46- .00 85456.46- 128481.78 508.61 214446.85- *** End of Report ***
In re: Strouds, Inc. Case No. 003552MFW Reporting period: Feb-01
- ------------------------------------------------------------------------------------------------------------------------------- ACCOUNTS RECEIVABLE RECONCILIATION AMOUNT - ---------------------------------------------------------------------------- ---------------- Total Accounts Receivable at the beginning of the reporting period 29,874 - ---------------------------------------------------------------------------- ---------------- + Amounts billed during the period 30,604 - ---------------------------------------------------------------------------- ---------------- - -Amounts collected during the period 38,208 - ---------------------------------------------------------------------------- ---------------- Total Accounts Receivable at the end of the reporting 22,271 - -------------------------------------------------------------------------------------------------------------------------------
ACCOUNTS RECEIVABLE AGING: 0 - 30 days old 22,271 31 - 60 days old - 61 - 90 days old - 91+ days old - ---------------- Total 22,271 Uncollectible - ---------------- Net 22,271 ================
DEBTOR QUESTIONNAIRE - ---------------------------------------------------------------------------------------------------------------------------------- MUST BE COMPLETED EACH MONTH YES NO - ---------------------------------------------------------------------------------------------------------------------------------- 1. Have any assets been sold or transferred outside the normal course of business x this reporting period? If yes, provide an explanation below. - ---------------------------------------------------------------------------------------------------------------------------------- 2. Have any funds been disbursed from any account other than a debtor in possession x account this reporting period. If yes, provide an explanation below. - ---------------------------------------------------------------------------------------------------------------------------------- 3. Have all postpetition tax returns been timely filed? If no, provide an explanation x below. - ---------------------------------------------------------------------------------------------------------------------------------- 4. Are workers compensation, general liability and other necessary insurance x coverages in effect? If no, provide an explanation below. - ----------------------------------------------------------------------------------------------------------------------------------
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