EX-99.1 2 a2051289zex-99_1.txt EXHIBIT 99.1 EXHIBIT 99.1 UNITED STATES BANKRUPTCY COURT DELAWARE In re: Strouds, Inc. Case No. 003552MFW Reporting period: Mar-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 pqyment 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 4/20/2001 --------------------------------------- ------------------------------ 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: Mar-01 SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS
Payroll Operating (Checks,Tax & Depository Current Month Cumulative (concentration) Direct Dep) (Blocked acct) Actual Actual Cash Beginning of Month (2,539,909) (12,853) 535,914 (2,016,848) 3,872,135 RECEIPTS: Sales deposits 18,285,595 18,285,595 128,192,499 Accounts receivable - 843,216 Advances to secured Lender (21,160,387) (21,160,387) (131,925,363) Advances from secured Lender 16,150,000 16,150,000 111,675,000 sale of assets - 2,776,800 2,776,800 7,401,800 other 115,967 439 1,791 118,197 841,225 transfers between accts 3,083,252 3,083,252 16,180,055 - - Total receipts 16,265,967 3,083,692 (96,201) 19,253,457 133,208,432 - - DISBURSEMENTS: - - - - Net Payroll 3,083,252 2,894,525 5,977,778 32,351,703 Payroll taxes - - Payroll/benefits(401K) 61,945 61,945 362,203 Sales, use & other taxes 1,115,781 1,115,781 9,699,247 Inventory Purchases 6,204,000 6,204,000 58,527,000 Secured/Rental/Leases 216,000 216,000 12,588,000 Insurance 37,803 37,803 1,380,274 Administrative 685,807 685,807 3,887,564 Selling 629,000 629,000 6,814,000 Others 2,104,556 20,600 2,125,156 11,190,964 Professional fees 1,038,000 1,038,000 1,134,023 Trustee Fees - 250 Court costs - - Total Disbursements 15,176,145 2,894,525 20,600 18,091,270 137,935,229 - - Net Cash Flow 1,089,822 189,166 (116,801) 1,162,187 (4,726,797) - - Cash-End of Month (1,450,087) 176,314 419,112 (854,661) (854,662) Reclass for External reporting * 1,450,087 ------------ Per balance sheet 595,426
* 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: Mar-01 BANK RECONCILIATIONS
Operating accounts Payroll Disbursing Total (Concentration & accounts account Depository) Balance per Books 419,112.38 176,313.50 (1,450,087.05) (854,661.17) Bank Balance 177,851.86 483,715.03 443,004.40 1,104,571.29 (+) Deposits in transit 238,499.22 (310,322.09) (71,822.87) (-) Outstanding checks (1,893,091.45) (1,893,091.45) Other 2,761.30 2,920.56 - 5,681.86 ------------ ------------ ------------ ------------ Adjusted Bank Balance 419,112.38 176,313.50 (1,450,087.05) (854,661.17)
Deposits in transit See attachments Checks outstanding See attachments STROUDS, INC. - WELLS FARGO BANK RECONCILIATION MAR-01 Account (Concentration): 4038-142584 Account (Sweep): 4035-142584 -------------------------------------------------------------------------------- Bank Statement Balance as of 4/6/01 Concentration 22,144.64 Sweep 420,859.76 443,004.40 ---------------- Add: Outstanding Checks (1,276,452.18) Timing Adjustments: Checks voided in the GL 23,590.29 Outstanding Manual Check (238,052.94) Funds pending redemption (420,859.76) Ck 308010 not void in GL (207.30) Ck 6301 post in Apr-01 4,275.00 Ck 6217 to be voided in Apr 0.00 Ck 249877 reversed 2x on company 1 14,615.44 (1,893,091.45) --------------------------------- ---------------- Adjusted Bank Balance (1,450,087.05) ---------------- ---------------- G/L Balance as of 4/7/01 (1,450,087.05) Adjustments: Adjustments ---------------- 0.00 ---------------- ---------------- Adjusted G/L Balance (1,450,087.05) ================ Variance 0.00 --------------------------------------------------------------------------------
WELLS FARGO BANK - DISBURSEMENTS OUTSTANDING CHECKS POST-PETITION ACCOUNT 4759-504525 MAR-01
1,276,452.18 1,278,462.19 0.01 5579 0.01 5579 (0.01) 300164 692.03 300215 274.93 300291 175.19 300345 35.72 300384 63.35 300425 28.25 300482 119.05 300512 215.08 300544 295.10 300553 34.52 300633 23.81 300799 218.49 301040 40.00 301089 40.00 301518 215.35 301704 800.00 302051 134.01 303988 162.35 304708 9,184.06 304738 139.04 305014 173.19 305250 1,616.88 305278 20.00 305280 15.15 305281 251.11 305441 116.75 305444 313.87 305548 172.59 305778 64.78 305797 7.85 307063 16,000.00 307215 24.00 307311 9,735.00 307318 13,339.53 307627 515.78 307994 129.59 308001 201.29 308016 16.38 308118 100.66 308144 2,958.00 308367 247.40 308376 627.58 308391 130.81 308477 170.36 308538 370.89 308712 52.65 308718 126.91 308721 185.74 308738 102.49 308742 511.28 308746 107.49 308758 108.99 308759 128.39 308766 345.58 308777 2,885.25 308827 12,825.20 306927 2.15 306932 27.84 308948 848.00 308962 507.59 308974 388.00 309079 11.21 309082 202.30 309088 40.83 309103 164.62 309108 184.85 309119 166.94 309135 466.75 309163 50.00 309166 194.39 309167 313.16 309169 13.96 309187 184.25 309180 491.31 309206 151.19 309207 532.47 309211 183.81 309218 313.18 309226 496.47 309260 129.68 309261 287.76 309262 101.51 308267 211.52 308270 907.15 308275 227.81 308282 107.48 309283 175.99 308284 400.00 309292 100.00 309299 11.18 309300 16,683.72 309301 230.03 309304 138.18 309305 53.14 309312 149.23 309330 283.64 309331 168.09 308335 368.00 309339 37.50 309348 10,604.67 309432 2,802.48 309445 276.46 309446 259.07 309447 183.66 309449 184.64 309458 300.00 309462 64.48 309466 257.08 309473 175.59 309475 377.66 309478 421.17 309479 263.50
Page 1 309481 1,237.50 309494 88.36 308495 485.51 309497 561.58 309499 15,789.80 309501 645.38 309502 334.76 309508 134.97 309539 5,921.00 309572 1,354.00 309576 147.07 309579 193.49 309581 257.39 309587 133.74 309591 331.80 309593 127.79 309595 273.91 309596 570.45 309597 168.06 309598 153.45 309599 126.97 309600 29.38 309602 207.60 309604 55.08 309606 694.83 309611 474.91 309612 1,421.67 309614 1,488.06 309615 5,789.65 309617 345.59 309618 107.99 309621 134.05 309622 107.88 309627 1,791.52 309628 1,189.69 309629 102.00 309630 209.54 309635 331.43 309637 68.66 309640 191.13 309641 3,302.55 309642 172.77 309647 475.14 309649 304.65 309651 248.37 309652 164.48 309858 1,604.81 309857 101.77 309861 381.51 309863 4,580.25 309868 11,760.00 309882 5,188.00 309893 131.76 309897 564.94 309898 45.60 309899 8,751.80 309709 348.64 309716 17.27 309717 7,235.00 309718 6,670.00 309721 2,639.74 309722 4,915.00 309724 127.20 309725 2,601.00 309726 12,048.46 309727 622.01 309728 13,833.00 309729 1,332.00 309730 18,658.00 309732 10,960.90 309733 2,887.00 309735 12,368.00 309736 6,550.00 309737 6,118.00 309738 12,538.10 309739 7,004.00 309740 3,689.75 309741 28,083.60 309742 1,320.00 309743 7,640.40 309744 10,108.34 309745 45.00 309746 7,654.50 309747 10,809.04 309748 1,666.25 309752 69,871.25 309753 75,208.67 309754 68,358.05 309756 1,916.50 309757 3,884.10 309758 650.65 309759 488.49 309760 128.79 309761 344.62 309762 100.00 309763 170.01 309764 175.70 309765 161.46 309766 65.78 309767 152.56 309768 161.24 309769 864.00 309770 5,021.79 309771 169.32 309772 570.17 309775 10.78 309776 57.10 309777 169.68 309778 45.00 309779 819.53 309780 935.00 309781 1,725.00 309782 74.21 309783 1,446.89 309784 410.39 309785 817.70 309786 195.63 309787 51.00 309788 172.79 309789 338.05 309790 2,039.15 309792 329.36
Page 2 309793 16.13 309794 421.10 309795 161.99 309796 164.38 309797 174.93 309798 120.85 309799 197.80 309800 287.15 309801 48.60 309802 54.00 309803 200.00 309804 420.36 309805 762.07 309806 150.00 309807 274.10 309808 2,509.75 309809 151.19 309810 1,729.01 309811 626.07 309812 1,275.61 309813 157.00 309814 222.56 309815 322.47 309816 342.28 309817 2,125.03 309818 29.95 309819 1,212.62 309820 172.79 309821 40.23 309822 5,251.87 309823 1,333.64 309824 388.00 309825 356.75 309826 28,019.59 309827 161.20 309828 289.80 309829 241.91 309830 160.54 309831 378.22 309832 599.12 309833 154.00 309834 15,000.00 309835 21.60 309836 2,680.35 309837 188.04 309839 713.49 309840 5,563.67 309841 4,362.62 309842 1,151.12 309843 33,750.35 309844 1,685.83 309845 58,830.50 309846 51,978.17 309847 121,851.12 309848 21,716.00 309849 13,660.32 309850 50,103.00 309851 5,712.00 309852 47,848.25 309853 18,823.35 309854 144,448.71
Page 3 WELLS FARGO BANK - DISBURSEMENTS OUTSTANDING MANUAL CHECKS MAR-01 309855 8,520.34 309856 42,585.00 309562-308579 186,947.80 ================= 238,052.84 =================
Page 5 WELLS FARGO BANK VOIDED ACCOUNT (CONCENTRATION):4038-142584 VOIDED CHECKS ON BANK OUTSTANDING LIST MAR-01
No. Amount 307311 9,735.00 307316 13,339.53 307827 515.76 ============== 23,590.29 ==============
Page 1 STROUDS, INC. PAYROLL ACCOUNT RECONCILIATION ACCOUNT #101-015-800 -------------------- Bank Account #4038-142667, 4038-174926, 4759-621030 04/06/01 Net outstanding checks list (see attached for detail) (310,322.09) Overland Sweep Account balance 483,715.03 173,392.94 ------------- Add: Sweep transfer in transit (1,758.09) Unrecorded PR26-1 tax credit (3,698.92-3,663.67) 35.25 PR#7 checks in transit (#222060-222078) (2,249.35) (3,972.19) ------------- Adj: Voided checks did not get through until April01 (see Schedule A) 2,223.30 04/07/01 ADJUSTED BANK BALANCE 171,644.05 ============= 04/07/01 G/L balance 176,313.50 WFB reverse settlement will book in G/L Mar01 1,159.61 WFB returns will book in G/L Mar01 623.58 PR#5 report and G/L difference ($692,698.29-690,954.69) (1,743.60) WFB reverse settlement will book in G/L Apr01 1,054.88 Zurich additional tax payment (1,732.47) PR#8 checks went through (#119898788-19898790) (4,191.20) WFB reverse credit (#204962) 23.09 WFB voided check will be booked later (#217271) 259.70 WFB voided check will be booked on PR#8 (#219599) 162.08 WFB voided check will be booked on PR#8 (#220659) 209.21 WFB voided check will be booked later (#13223681) 265.24 WFB voided check will be booked later (#13223693) 108.21 WFB voided check will be booked later (#13223753) 54.09 WFB voided check will be booked on PR#8 (#19898738) 269.59 ------------- TOTAL TIMING DIFFERENCES (3,477.99) WFB check not in G/L (#19898744, duplicate #10866) (565.49) WFB check not in G/L (#19898750, duplicate #15250) (172.48) WFB check not in G/L (#19898768, duplicate #11736) (453.49) (NEED TO VOID ON WFB ONLY) ------------- TOTAL MISC. DIFFERENCES (1,191.46) TOTAL ADJUSTMENTS (4,669.45) ------------ 04/07/01 ADJUSTED G/L BALANCE 171,644.05 ============ 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 ======== STROUDS, INC. Payroll Account Reconciliation ACCOUNT #101-015-800 OUTSTANDING CHECKS OUTSTANDING AS OF 4/7/01 1 516.68 9873 89.35 195705 26.25 219803 714.08 221478 287.36 221528 126.70 221578 301.34 221628 57.61 1086 227.79 9960 4.41 196883 8.61 219932 460.30 221479 157.58 221529 439.17 221579 634.51 221629 80.37 1118 18.37 9969 75.05 198562 18.37 220104 32.68 221480 64.38 221530 239.35 221580 324.58 221630 624.48 1196 70.62 9973 161.82 198604 123.84 220250 108.46 221481 361.41 221531 219.22 221581 460.57 221631 630.59 1208 114.00 10866 565.49 199154 6.10 220283 459.05 221482 543.07 221532 348.63 221582 322.35 221632 585.54 7966 49.94 11736 453.49 199428 22.50 220304 32.23 221483 435.25 221533 354.18 221583 469.10 221633 788.91 7967 72.53 14233 183.96 199520 38.57 220391 244.92 221484 337.33 221534 230.58 221584 634.82 221634 571.03 7968 128.21 14581 728.72 200238 216.29 220392 109.90 221485 315.39 221535 465.15 221585 355.27 221635 346.50 7989 271.87 143055 173.70 200868 649.20 220439 772.13 221486 471.26 221536 566.45 221586 199.92 221636 516.19 7970 46.28 146424 332.12 201358 197.08 220510 1,304.84 221487 267.26 221537 603.10 221587 286.10 221637 334.59 7971 38.58 146703 51.02 201595 79.11 220577 721.44 221488 282.86 221538 224.52 221588 318.36 221638 179.47 7972 606.57 146800 2.44 202127 16.74 220626 72.95 221489 214.82 221539 566.40 221589 626.49 221639 285.33 7973 303.08 147697 928.34 202961 54.69 220694 276.87 221490 383.59 221540 353.33 221590 3.87 221640 174.90 7974 522.85 151282 74.47 203190 61.24 220747 310.14 221491 369.88 221541 328.81 221591 558.10 221641 225.14 7976 152.88 151503 433.11 203308 9.17 220755 340.63 221492 370.32 221542 246.79 221592 701.98 221642 197.52 7977 197.70 152131 73.19 205375 61.58 220882 275.80 221493 267.28 221543 450.13 221593 404.44 221643 47.33 7978 805.39 152153 13.04 205385 3,330.92 220883 49.39 221494 308.36 221544 200.24 221594 1,369.26 221644 87.64 7979 648.60 154721 49.51 205429 350.71 220909 395.23 221495 252.21 221545 241.75 221595 753.33 221645 63.78 7980 72.62 154934 149.19 205525 69.23 220934 579.11 221496 479.63 221546 485.36 221596 192.80 221646 230.31 7981 66.49 158225 53.75 207939 108.05 220951 1,141.80 221497 210.05 221547 377.66 221597 518.06 221647 86.78 7982 119.14 162688 25.72 208294 273.67 220966 646.93 221498 132.89 221548 237.32 221598 277.85 221648 321.08 7983 54.73 162704 48.95 209155 14.07 220967 651.96 221499 126.87 221549 425.34 221599 231.20 221649 404.75 7984 283.56 163351 177.39 210289 66.26 220984 169.93 221500 268.31 221550 344.01 221600 189.14 221650 417.96 7985 101.45 163859 5.58 210555 290.38 221018 187.23 221501 534.65 221551 484.04 221601 298.85 221651 436.71 7986 143.29 164223 44.29 211506 224.78 221020 265.44 221502 472.75 221552 326.80 221602 596.59 221652 812.39 7987 183.03 165704 897.72 211689 15.80 221021 49.38 221503 336.61 221553 337.06 221603 367.34 221653 398.29 7988 419.07 166498 25.98 211714 28.23 221031 197.80 221504 929.31 221554 279.39 221604 188.22 221654 170.27 7989 201.17 167077 289.63 212045 212.28 221032 536.66 221505 84.02 221555 571.80 221605 425.88 221655 616.77 7990 74.62 168841 401.36 213724 593.39 221036 37.04 221506 84.37 221556 1,531.66 221606 172.61 221656 421.46 7991 375.72 168874 179.74 214022 1.00 221037 747.79 221507 547.96 221557 1,376.42 221607 343.15 221657 205.75 7992 9.18 170011 32.72 214228 38.11 221045 716.18 221508 286.51 221558 587.43 221608 295.51 221658 221.70 7993 314.40 170331 109.05 214764 1.01 221060 507.21 221509 340.99 221559 309.48 221609 293.08 221659 715.12 7994 691.85 170350 40.31 215001 52.80 221062 346.51 221510 434.98 221560 262.70 221610 127.34 221660 513.60 8148 55.10 171627 22.97 215133 121.96 221068 824.97 221511 503.39 221561 376.89 221611 713.28 221661 592.42 8236 59.16 171773 29.70 215325 36.96 221069 208.56 221512 311.19 221562 541.94 221612 559.29 221662 975.47 8399 151.29 173181 16.98 215435 356.71 221077 71.46 221513 433.74 221563 1,074.39 221613 624.47 221663 624.05 8444 19.91 174573 42.43 215652 16.04 221139 1,304.84 221514 340.96 221564 110.68 221614 425.49 221664 302.50 8447 13.78 175945 60.11 215807 98.93 221161 114.38 221515 284.69 221565 783.04 221615 678.51 221665 171.22 8535 110.51 175956 29.71 216280 385.84 221207 733.84 221516 371.59 221566 346.21 221616 267.82 221666 337.64 8591 500.00 176937 327.05 216580 19.61 221212 249.57 221517 117.29 221567 374.95 221617 499.81 221667 593.60 8792 2.99 177332 29.70 216690 131.31 221231 297.32 221518 298.08 221568 203.21 221618 499.44 221668 598.13 9084 14.36 177522 110.39 216707 225.89 221261 68.96 221519 188.82 221569 338.50 221619 389.04 221669 653.25 9133 70.92 178705 2.12 217298 92.16 221292 67.22 221520 356.69 221570 329.80 221620 225.96 221670 194.55 9241 56.58 178876 14.81 218369 8.05 221305 706.67 221521 165.14 221571 322.57 221621 716.49 221671 137.13 9245 100.55 179664 96.10 218963 259.42 221330 231.06 221522 473.72 221572 825.67 221622 433.13 221672 237.38 9258 270.56 180057 381.39 219076 0.02 221353 334.98 221523 411.81 221573 440.48 221623 1,003.41 221673 543.10 9295 397.44 190066 192.89 219528 259.43 221364 34.17 221524 220.76 221574 616.92 221624 1,667.41 221674 347.18 9350 5.66 193843 64.68 219661 332.80 221395 319.64 221525 468.27 221575 539.04 221625 784.30 221675 327.13 9442 81.93 195242 78.53 219752 96.13 221404 606.30 221526 228.26 221576 1,141.79 221626 300.22 221676 233.22 9863 30.54 195592 6.89 219775 331.01 221407 605.23 221527 948.49 221577 276.86 221627 675.11 221677 497.73 Total Outstanding 221678 312.28 221679 210.62 221680 204.63 221681 491.53 221682 241.58 221683 337.91 221684 404.27 221685 453.05 221686 984.47 221687 1,692.99 221688 715.42 221689 713.19 221690 274.35 221691 142.68 221692 618.19 221693 238.35 221694 379.71 221695 433.01 221696 536.69 221697 509.00 221698 827.63 221699 72.15 221700 214.67 221701 349.57 221702 524.62 221703 270.38 221704 45.48 221705 272.45 221706 199.92 221707 243.42 221708 203.22 221709 195.96 221710 164.56 221711 559.41 221712 303.65 221713 717.15 221714 1,217.67 221715 373.41 221716 257.38 221717 628.83 221718 137.04 221719 253.29 221720 210.34 221721 259.84 221722 824.96 221723 915.51 221724 241.73 221725 564.19 221726 555.50 221727 424.30 Total Outstanding 153,125.49
221728 172.31 221778 794.80 221828 271.73 221878 302.82 221928 420.61 221978 326.65 222028 330.90 13223178 16.94 221729 659.33 221779 564.53 221829 228.75 221879 719.93 221929 463.93 221979 831.09 222029 383.73 13223238 7.23 221730 257.60 221780 347.68 221830 516.39 221880 156.42 221930 584.71 221980 376.75 222030 335.60 13223294 900.00 221731 1,028.92 221781 53.59 221831 339.28 221881 217.41 221931 474.75 221981 255.85 222031 280.07 13223350 121.17 221732 55.22 221782 1,035.07 221832 446.06 221882 473.42 221932 383.16 221982 173.16 222032 362.25 13223492 36.85 221733 315.38 221783 71.62 221833 460.37 221883 237.98 221933 594.43 221983 354.27 222032 241.05 13223578 77.24 221734 409.65 221784 467.79 221834 263.59 221884 192.27 221934 481.54 221984 302.04 222034 353.31 13223584 85.43 221735 391.06 221785 177.41 221835 323.15 221885 196.28 221935 365.37 221985 388.24 222035 597.19 13223609 51.34 221736 645.54 221786 164.59 221836 382.74 221886 523.99 221936 221.54 221966 411.42 222036 554.21 13223672 118.43 221737 282.19 221787 114.34 221837 212.16 221887 585.79 221937 310.51 221987 204.85 222037 370.20 13223680 191.44 221738 178.52 221788 104.59 221838 505.84 221888 130.33 221938 307.30 221988 237.52 222038 698.55 13223757 128.31 221739 340.66 221789 690.23 221839 232.68 221889 322.39 221939 267.00 221989 509.37 222040 799.45 19893511 45.73 221740 576.00 221790 406.97 221840 293.20 221890 579.50 221940 359.31 221990 94.57 222041 1,040.39 19898516 47.64 221741 436.00 221791 460.17 221841 443.15 221891 201.65 221941 179.20 221991 196.73 222042 994.52 19898518 24.75 221742 477.25 221792 585.76 221842 243.20 221892 609.04 221942 176.85 221992 132.98 222043 3,629.31 19898574 230.39 221743 516.87 221793 665.78 221843 120.89 221893 119.26 221943 708.93 221993 237.38 222044 458.42 19898609 847.26 221744 403.59 221794 268.07 221844 250.32 221894 173.02 221944 321.67 221994 265.24 222045 804.02 19898654 91.36 221745 328.35 221795 624.14 221845 136.72 221895 397.73 221945 325.69 221995 355.91 222046 1,748.51 19898709 592.82 221746 131.30 221796 81.48 221846 84.54 221896 472.60 221946 171.82 221996 639.17 222047 572.74 19898728 103.11 221747 307.01 221797 474.03 221847 320.45 221897 85.96 221947 413.29 221997 1,248.74 222048 1,485.50 19898732 8.74 321748 366.77 221798 735.36 221848 470.53 221898 339.20 221948 709.77 221998 119.11 222049 900.83 19898736 322.19 221749 381.85 221799 721.77 221849 243.41 221899 236.52 221949 742.35 221999 365.06 222050 302.90 19898741 9.37 221750 511.87 221800 532.92 221850 347.36 221900 500.41 221950 911.12 222000 507.06 222051 445.98 19898744 565.49 221751 251.85 221801 638.03 221851 142.37 221901 370.01 221951 1,028.13 222001 216.22 222052 653.61 19898746 168.19 221752 960.90 221802 417.62 221852 212.99 221902 283.64 221952 239.53 222002 934.49 222053 779.52 19898750 172.48 221753 198.76 221803 114.98 221853 332.50 221903 127.66 221953 230.32 222003 135.10 222054 609.06 19898753 164.61 221754 321.22 221804 296.39 221854 338.93 221904 234.35 221954 561.30 222004 260.01 222055 594.51 19898757 106.69 221755 295.75 221805 500.87 221855 477.88 221905 168.19 221955 442.49 222005 280.26 222056 871.79 19898767 32.81 221756 288.94 221806 647.95 221856 697.09 221906 617.37 221956 260.10 222006 287.82 222057 599.04 19898768 453.49 221757 473.73 221807 613.38 221857 283.29 221907 331.38 221957 699.66 222007 1,171.64 222058 672.41 19898773 281.65 221758 376.99 221808 499.29 221858 133.91 221908 247.42 221958 205.77 222008 538.92 222059 288.69 19898775 347.31 221759 469.49 221809 836.42 221859 39.62 221909 923.04 221959 233.60 222009 544.48 1630729 14.06 19898776 109.02 221760 311.96 221810 578.28 221860 178.52 221910 490.28 221960 1,285.39 222010 238.74 1630730 97.53 19898777 308.74 221761 1,304.85 221811 262.89 221861 505.64 221911 645.93 221961 268.48 222011 212.41 1631331 65.68 19898778 570.43 221762 781.62 221812 432.00 221862 277.86 221912 1,568.06 221962 118.43 222012 481.28 1631394 78.08 19898779 697.29 221763 291.66 221813 523.61 221863 163.72 221913 437.02 221963 173.07 222013 529.54 9481029 1,150.00 19898780 359.61 221764 738.79 221814 874.37 221864 212.83 221914 603.89 221964 264.08 222014 605.02 9481150 386.13 19898781 162.08 221765 291.71 221815 163.90 221865 150.99 221915 588.66 221965 466.55 222015 324.98 9481157 55.46 19898782 209.21 221766 285.92 221816 384.51 221866 92.18 221916 282.29 221966 434.38 222016 277.95 9481273 488.31 19898783 240.42 221767 125.50 221817 253.23 221867 205.35 221917 608.12 221967 648.56 222017 135.07 9481347 7.22 19898784 271.18 221768 429.11 221818 123.99 221868 190.07 221918 418.00 221968 219.05 222018 413.34 9481382 226.45 19898785 40.41 221769 98.48 221819 132.37 221869 79.12 221919 111.11 221969 151.95 222019 221.62 9481491 71.15 19898786 373.18 221770 34.98 221820 132.36 221870 281.94 221920 159.78 221970 343.76 222020 444.81 9481656 101.05 19898787 53.15 221771 295.60 221821 197.46 221871 587.38 221821 248.07 221971 384.35 222021 678.32 9461714 84.75 19898788 193.81 221772 188.59 221822 422.85 221872 119.07 221922 346.42 221972 28.25 222022 241.52 9481718 56.75 19898789 953.49 221773 468.86 221823 451.12 221873 465.13 221923 179.84 221973 338.00 222023 743.25 9481838 74.55 19898790 66.94 221774 498.13 221824 722.24 221874 72.66 221924 509.09 221974 506.50 222024 394.41 9481983 48.49 221775 516.54 221825 340.87 221875 209.89 221925 626.95 221975 542.53 222025 1,252.65 13223066 675.69 221776 559.29 221826 190.69 221876 687.97 221926 542.53 221976 573.80 222026 1,286.30 13223090 276.77 221777 801.19 221827 123.93 221877 527.54 221927 212.42 221977 554.77 222027 704.28 13223173 4.73 310,322.09
2 In re: Strouds, Inc. Case No. 003552MFW Reporting period. Mar-01 BALANCE SHEET
BOOK VALUE @ END OF BOOK VALUE ON ASSETS CURRENT REPORTING MONTH PETITION DATE ----------------------- ----------------------- CURRENT ASSETS Unrestricted Cash and Equivalents 595,426 1,226,985 Restricted Cash and Cash Equivalents Accounts Receivable (Net) 1,507,065 953,789 Notes Receivable - - Inventories 46,646,570 61,815,152 Prepaid Expenses 2,795,183 2,380,967 Professional Retainers 215,000 605,000 Other Current Assets (see continuation) 805,885 805,885 ----------------------- ----------------------- TOTAL CURRENT ASSETS 52,565,129 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 28,798,591 38,162,052 ----------------------- ----------------------- TOTAL PROPERTY & EQUIPMENT 11,372,224 21,411,159 OTHER ASSETS Loans to Insiders - - Other Assets (see continuation) 7,931,795 8,515,167 ----------------------- ----------------------- TOTAL OTHER ASSETS 7,931,795 8,515,167 ----------------------- ----------------------- TOTAL ASSETS 71,869,149 97,714,104 ======================= ======================= LIABILITIES AND OWNER EQUITY LIABILITIES NOT SUBJECT TO COMPROMISE Accounts Payable 4,093,510 Taxes Payable 1,541,243 2,084,004 Wages & Vacation Payable 1,744,565 1,367,442 Notes Payable Rent/Leases-Building/Equipment Secured Debt/Adequate protection payment (DIP LOAN) 25,606,663 Professional fees 1,421,000 Amounts due to insiders Other Postpetition Liabilities (see continuation) 3,580,246 1,415,811 ----------------------- ----------------------- TOTAL POSTPETITION LIABILITIES 37,987,227 4,867,257 LIABILITIES SUBJECT TO COMPROMISE (PRE-PETITION) Secured Debt (CIT PRE-PETITION LOAN) 38,879,735 Priority Debt - Unsecured Debt 31,598,554 31,391,756 ----------------------- ----------------------- TOTAL PREPETITION LIABILITIES 31,598,554 70,271,491 ----------------------- ----------------------- TOTAL LIABILITIES 69,585,781 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 (20,291,988) - Adjustments to Owner Equity Postpetition Contributions ----------------------- ----------------------- NET OWNER EQUITY 2,283,368 22,575,356 ----------------------- ----------------------- TOTAL LIABILITIES AND OWNER EQUITY 71,869,149 97,714,104 ======================= =======================
In re: Strouds, Inc. Case No. 003552MFW Reporting Period: Mar-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 6,726,645 6,876,402 Trust Receivable 483,000 811,887 Deposits (primarily lease & utility deposits) 224,150 328,878 ----------------------- ----------------------- Total Other Assets 7,931,795 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 798,543 1,121,050 Accrued advertising expenses 4,822 - Accrued interest expense 57,418 - Accrued legal & Audit - - Gift certificates outstanding 155,530 205,090 Special order customer deposits 24,856 89,671 Owed to liquidator for sales collected 579,441 - Postpetition operating expense accruals 509,548 - Cash overdraft reclass 1,450,087 - ----------------------- ----------------------- Total Other Postpetition Liabilities 3,580,246 1,415,811
In re: Strouds Case No. 003552MFW Reporting period: Mar-01 STATEMENT OF OPERATIONS
CUMULATIVE MONTH FILING TO DATE -------------- -------------- REVENUES Gross Revenues 19,177,061 146,979,795 Less: Returns & Allowances 4,586,128 35,676,080 -------------- -------------- Net Revenue 14,590,933 111,303,715 COST OF GOODS SOLD - Beginning Inventory 53,909,349 61,815,152 Add: Purchases 5,538,952 59,604,663 Less: Inventory sold to liquidators 3,754,211 9,280,277 Add: Cost of Labor 813,511 6,895,753 Add: Other Costs (see continuation) 2,144 254,674 Less: ending Inventory 46,646,570 53,909,349 Cost of Goods Sold 9,863,175 72,643,395 -------------- -------------- Gross Profit 4,727,758 38,660,319 OPERATING EXPENSES Advertising 1,228,526 5,291,232 Auto and Truck Expense 10,127 68,973 Bad Debts 21,697 287,160 Contributions 266 3,674 Employee Benefits Programs 142,116 980,576 Insider Compensation 85,762 Insurance 121,158 800,869 Management fees/bonuses - Office Expense 10,690 65,225 Pension and Profit Sharing - Repairs & Maintenance 83,771 833,301 Rent and Lease expense 1,254,728 10,441,579 Salaries/Commissions/Fees 1,981,584 13,893,050 Supplies 112,168 819,106 Taxes-Payroll 188,871 1,242,788 Taxes-Real Estate 70,120 661,531 Taxes-Other 8,916 204,967 Travel and Entertainment 17,921 153,825 Utilities 123,139 1,303,793 Other (attached) 382,796 3,210,535 -------------- -------------- Total Operating Expenses Before Depreciation 5,758,597 40,347,948 Depreciation/Depletion/Amortization 298,342 2,517,461 -------------- -------------- Net Profit (Loss) Before Other Income and Expenses (1,329,180) (4,205,090) OTHER INCOME AND EXPENSES - Other Income (6,764) (221,134) Interest Expense 246,201 2,691,735 Other Expense - -------------- -------------- Net Profit (Loss) Before Reorganization Items (1,568,617) (6,675,691) REORGANIZATION ITEMS - Professional Fees 706,413 3,462,656 U.S. Trustee Quarterly Fees 10,000 10,250 Interest Earned on Accumulated Cash from Chapter 11 - Loss from Sale of Assets 727,623 9,352,838 Other Reorganization Expenses 40,790 790,553 -------------- -------------- Total Reorganization Expenses 1,484,826 13,616,297 Income Taxes - - -------------- -------------- Net Profit (Loss) (3,053,444) (20,291,988) ============== ==============
In re: Strouds, Inc. Case No. 003552MFW Reporting Period: Mar-01 STATEMENT OF OPERATIONS- CONTINUATION SHEET
CUMULATIVE BREAKDOWN OF "OTHER CATEGORY" MONTH FILING TO DATE -------------- -------------- Other Costs Customer shipping, net 2,144 175,955 Other operating Expenses Credit card discount fees 225,604 1,773,783 Licenses/Dues 5,676 82,316 Recruiting 38,222 224,572 Outside services (cleaning/Inventory/security) 46,477 704,335 Non reorganization services/ professional 66,817 468,863 -------------- -------------- Total other operating expenses 382,796 3,253,869 Other Income Home services contribution (6,764) 125,621 Sales tax refund Other Expenses Loss on disposal of inventory 727,623 7,813,062 Other Reorganization Expenses None
In re: Strouds, Inc. Case No. 003552MFW Reporting Period: Mar-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 104,331 204,990 (309,321) - FICA-Employee 69,400 135,645 (205,045) - FICA-Employer 69,400 167,325 (205,045) 31,680 Unemployment 4,860 9,212 (12,576) 1,496 Income 123,098 123,098 Other - - ---------- ---------- ---------- ---------- ---------- ---------- Total Federal Taxes 371,088 517,172 (731,986) - - 156,274 STATE AND LOCAL Withholding 26,008 57,945 (83,953) 0 Sales 1,286,886 1,287,353 (1,193,024) 1,381,215 Excise - - Unemployment 16,066 30,844 (43,157) 3,754 Real Property - - Personal Property - - Other - - ---------- ---------- ---------- ---------- ---------- ---------- Total State and Local 1,328,960 1,376,143 (1,320,134) - - 1,384,968 ---------- ---------- ---------- ---------- ---------- ---------- TOTAL TAXES 1,700,048 1,893,315 (2,052,120) - - 1,541,243 ========== ========== ========== ========== ========== ==========
In re: Strouds, Inc. Case No. 003552MFW Reporting Period: Mar-01 SUMMARY OF UNPAID POSTPETITION DEBTS
NUMBER OF DAYS PAST DUE CURRENT 0-30 31-60 61-90 MORE THAN 90 TOTAL ---------- ---------- ---------- ---------- ------------ ---------- Accounts Payable 2,822,081 - - - - 2,822,081 Wages and Vacation Payable 677,945 - - 1,066,620 1,744,565 Taxes Payable 1,541,243 - - - - 1,541,243 Rent/Leases-building 1,271,429 - - - - 1,271,429 Rent/Leases-equipment - - - - - - Secured Debt/Adequate Protection Payments 25,606,663 - - - - 25,606,663 Professional Fees 1,421,000 - - - - 1,421,000 Amounts due to Insiders - - - - - - Other (Customer obligations /Merch credits, etc.) 978,930 - - - - 978,930 Accrued advertising 4,822 - - - - 4,822 Accrued Interest 57,418 - - - - 57,418 Accrued other 579,441 - - - - 579,441 Cash overdraft reclass 1,450,087 1,450,087 Accrued operating expenses 509,548 - - - - 509,548 ---------- ---------- ---------- ---------- ---------- ---------- Total Postpetition Debts 36,920,607 - - - 1,066,620 37,987,227
STROUDS, INC.-WELLS FARGO BANK RECONCILIATION MAR-01 Account (Depository): 4038-142543 Account (Sweep): 4038-142543 BANK BALANCE AS OF 4/6/01 Depository 51,158.00 Sweep 44,035.69 95,193.69 --------- Add: Deposits in Transit (See Schedule A) 238,499.22 Timing Difference: Outstanding Change Orders: #01 780.00 #09 200.00 #38 432.00 #43 300.00 #71 655.00 #74 2,367.00 --------- Other Adjustments: Funds Pending Redemption 20.74 Unknown Return Items 393.56 --------- #85 bank duplicate deposit (3/18/00) 414.30 ---------- ADJUSTED BANK BALANCE 336,474.21 ========== G/L BALANCE AS OF 04/07/01 336,454.21 RECONCILING ITEMS Dividends Over & Short (0.00) Unknown Deposit 1/24/01 20.00 Change Order difference #40 0.00 #43 5/2/00 20.00 --------- ---------- ADJUSTED G/L BALANCE 336,474.21 ========== Variance 0.00
WELLS FARGO BANK ACCOUNT (DEPOSITORY): 4038-142543 4/5/01 8,604.14 4/6/01 96,333.30 4/7/01 133,581.78 ---------- 238,499.22 ==========
STROUDS ACQUISITION CORP. - 4R4 PAGE 1 STROUDS, INC. #9 TRADE PAYABLES INVOICES MONTHLY ACCOUNTS PAYABLE BALANCING AS OF 01 MAR 01
========================================================================================================================= VENDOR GROSS CREDITS TOTAL CURRENT PRIOR OVER 2 NUMBER NAME AMOUNT ON INVOICE LIABILITY PERIOD PERIOD PERIODS ========================================================================================================================= 1 FIELDCREST CANNON IN 168640.60 250.00- 168390.60 168390.60 .00 .00 2 MARTEX/ WestPoint St 100955.10 .00 100955.10 100955.10 .00 .00 17 SAYDAH, CECIL 21652.56 .00 21652.56 21652.56 .00 .00 26 SIBYL SHEPARD 63.75 .00 63.75 63.75 .00 .00 36 BRENTWOOD ORIGINALS 14480.00 .00 14480.00 14480.00 .00 .00 38 CROSCILL 3703.26- 205.90- 3909.16- 266.12 1268.93- 2906.35- 40 DAKOTAH 1996.00 .00 1996.00 1966.00 .00 .00 41 NEW CONCEPTS 20808.00 .00 20808.00 20808.00 .00 .00 43 KAREN CARSON CREATIO 4290.40 .00 4290.40 4290.40 .00 .00 47 INDIA INK 6393.40 .00 6393.40 6393.40 .00 .00 51 PILLOWTEX 3727.50 .00 3727.50 3727.50 .00 .00 54 REGAL 48249.25 49.15- 48200.10 48432.01 231.91- .00 58 LA MONT 8796.20 .00 8796.20 8796.20 .00 .00 61 CHATHAM 2784.00 .00 2784.00 2784.00 .00 .00 64 VERATEX 110604.08 .00 110604.08 110604.08 .00 .00 76 ATHENA BY VIRGIL 3009.62 .00 3009.62 3393.66 384.04- .00 80 BARDWIL INDUSTRIES, 26640.90 .00 26640.90 26640.90 .00 .00 84 LOUISVILLE BEDDING 13847.06- .00 13847.06- 13847.06- .00 .00 99 TWINSCENTS 1176.00 .00 1176.00 1176.00 .00 .00 120 R & M INDUSTRIES 6904.10 .00 6904.10 6904.10 .00 .00 122 AVANTI LINENS, INC. 5484.60 .00 5484.60 5484.60 .00 .00 124 WEATHERSFIELD 1752.90 34.00- 1718.90 1753.40 .00 34.50- 153 W.C. REDMON 2879.78 .00 2879.78 2879.78 .00 .00 159 CROWN CRAFT 4213.90 81.60- 4132.30 4132.30 .00 .00 168 GINSEY INDUSTRIES 3204.00 .00 3204.00 3204.00 .00 .00 172 F.R. INDUSTRIES 1350.00 .00 1350.00 1350.00 .00 .00 173 CREATIVE BATH 17.18 .00 17.18 17.18 .00 .00 196 LEE'S CURTAINS 11261.10 .00 11261.10 11261.10 .00 .00 198 HOLLANDER HOME FASHI 144641.55 .00 144641.55 144641.55 .00 .00 204 INTERCONTINENTAL ART 19923.35- .00 19923.35- 19923.35- .00 .00 206 KEECO 1551.00 .00 1551.00 1551.00 .00 .00 238 ARLEE HOME FASHIONS 33413.90 31.80- 33382.10 33382.10 .00 .00 239 BETTER SLEEP, INC. 9368.08 .00 9368.08 9368.08 .00 .00 249 PIEDMONT SALES 10180.00 .00 10180.00 10180.00 .00 .00 293 UMBRA 13163.20 .00 13163.20 13163.20 .00 .00 303 HOME TREASURE 2578.00 .00 2578.00 2578.00 .00 .00 308 COMMONWEALTH HOME FA 18461.65- .00 18461.65- 18461.65- .00 .00 310 LESHNER 3150.00 .00 3150.00 3150.00 .00 .00 316 ELRENE MFG. CO. 4656.00 .00 4656.00 4656.00 .00 .00 324 PORTMERION, USA 865.34 .00 865.34 865.34 .00 .00 370 KAY DEE DESIGNS, INC 2160.21 .00 2160.21 3551.86 1391.65- .00 371 SOUTHERN TEXTILES 3066.00 .00 3066.00 3066.00 .00 .00 408 FALLANI & COHN 17845.20 .00 17845.20 17845.20 .00 .00 487 SNS DISTRIBUTING 6169.80 .00 6169.80 6169.80 .00 .00 489 COLUMBIA FRAME 1161.00 .00 1161.00 1161.00 .00 .00 493 GALLIC ASSOCIATES 2358.00 .00 2358.00 2358.00 .00 .00 497 HOLLY DESIGNS, INC. 18059.30 .00 18059.30 18059.30 .00 .00 499 BURLINGTON HOUSE DRA 37520.50 .00 37520.50 37520.50 .00 .00 501 JACKEL INTERNATIONAL 98.25 .00 98.25 98.25 .00 .00 513 OXFORD BATH 2975.94 .00 2975.94 2975.94 .00 .00
STROUDS ACQUISITION CORP. - 4R4 PAGE 2 STROUDS, INC. #9 TRADE PAYABLES INVOICES MONTHLY ACCOUNTS PAYABLE BALANCING AS OF 01 MAR 01
========================================================================================================================= VENDOR GROSS CREDITS TOTAL CURRENT PRIOR OVER 2 NUMBER NAME AMOUNT ON INVOICE LIABILITY PERIOD PERIOD PERIODS ========================================================================================================================= 515 FLO BARON 22623.00 69.75- 22553.25 22553.25 .00 .00 523 RAMALLAH/WESTERN HOM 15806.00 .00 15806.00 15806.00 .00 .00 544 REVERE MILLS, INC. 16408.80 .00 16408.80 16408.80 .00 .00 563 INDIA OVERSEAS 7101.60 .00 7101.60 7101.60 .00 .00 574 SUNBEAM HOME COMFORT 8696.20 .00 8696.20 8696.20 .00 .00 575 AMERICAN PACIFIC 82630.12 .00 82630.12 82630.12 .00 .00 577 WHITNEY STREET CORP. 13365.00 .00 13365.00 13365.00 .00 .00 599 C & F ENTERPRISES, I 90.00 .00 90.00 90.00 .00 .00 615 CURTRON CURTAINS, INC 9600.00 .00 9600.00 9600.00 .00 .00 670 CUSTOM COMFORT 36388.00 .00 36388.00 36388.00 .00 .00 683 SFERRA 3445.86 .00 3445.86 3445.86 .00 .00 695 PARK B. SMITH LTD. 47188.50 1700.00- 45488.50 45488.50 .00 .00 702 IWI INTERNATIONAL 1360.30 .00 1360.30 1360.30 .00 .00 733 MONOGRAM JUNCTION 933.25 .00 933.25 933.25 .00 .00 738 BON MOTIF 21720.75 5849.50- 15871.25 15871.25 .00 .00 748 LILY WHITE 581.83 .00 581.83 581.83 .00 .00 807 SHERRY KLINE 7135.50 .00 7135.50 7135.50 .00 .00 818 FASHION INDUSTRIES, 11276.00 .00 11276.00 11276.00 .00 .00 843 RICHLOOM HOME FASHIO 93285.44 .00 93285.44 93285.44 .00 .00 875 NEWPORT/LAYTON 8608.25 .00 8608.25 9135.00 .00 526.75- 887 CLERET 2399.64 .00 2399.64 2616.00 216.36- .00 914 ZADRO 234.82 .00 234.82 234.82 .00 .00 937 SITLAX 7908.00 45.00- 7863.00 7863.00 .00 .00 963 BEACON MANUFACTURING 2274.28- .00 2274.28- 2274.28- .00 .00 1013 INTERNATIONAL SILVER 6210.00 .00 6210.00 6210.00 .00 .00 1029 ENDAR 4538.28 .00 4538.28 4538.28 .00 .00 1077 CAROLINA MIRROR CO./ 7687.18 .00 7687.18 7687.18 .00 .00 1133 SHERIDAN AUSTRALIA 69426.09 .00 69426.09 69426.09 .00 .00 1134 BIEDERLACK 21408.60 .00 21408.60 21408.60 .00 .00 1164 FORESIDE COMPANY 3732.30 .00 3732.30 3732.30 .00 .00 1189 OXO - GENERAL HOUSEW 2332.38 17.16- 2315.22 2315.22 .00 .00 1202 HOME ESSENTIALS 9526.00 .00 9526.00 9526.00 .00 .00 1398 CLASSIC CONCEPTS 318.00 .00 318.00 318.00 .00 .00 1413 WORLDWIDE ACCESS COR 25455.00 661.50- 24793.50 24793.50 .00 .00 1414 NORTH AMERICAN ENCLO 10101.40 .00 10101.40 10101.40 .00 .00 1419 PARADIGM EXCLUSIVES 31782.00 .00 31782.00 31782.00 .00 .00 1452 BRUNTON INTERNATIONA 52079.20 .00 52079.20 52079.20 .00 .00 1460 DIVATEX HOME FASHION 3011.84- .00 3011.84- .00 3011.84- .00 1535 WRIGHT HOME ACCESSOR 26.00- .00 26.00- 26.00- .00 .00 1565 ZRIKE COMPANY 2707.49 .00 2707.49 2707.49 .00 .00 1568 SPENCER INDUSTRIES 15750.60 .00 15750.60 15750.60 .00 .00 1602 WANG'S INTERNATIONAL 25493.25 .00 25493.25 25493.25 .00 .00 1659 TOWLE SILVERSMITHS 62.20 .00 62.20 62.20 .00 .00 1693 COLUMBINE CODY 54679.00 .00 54679.00 54679.00 .00 .00 1737 HOLEMAN & ASSOCIATES 880.03 .00 880.03 880.03 .00 .00 1740 SLEEPQUARTERS, INC. 2780.00 .00 2780.00 2780.00 .00 .00 1746 EARTHTONE ORIGINALS 811.55 .00 811.55 811.55 .00 .00 1764 DEARAN IMPORTS 761.60 .00 761.60 .00 761.00 .00 1781 SAM SALEM & SON 3993.30 .00 3993.30 3993.30 .00 .00 1820 PEM-AMERICAN 1975.00 72.00- 1903.00 1903.00 .00 .00
STROUDS ACQUISITION CORP. - 4R4 PAGE 3 STROUDS, INC. #9 TRADE PAYABLES INVOICES MONTHLY ACCOUNTS PAYABLE BALANCING AS OF 01 MAR 01
========================================================================================================================= VENDOR GROSS CREDITS TOTAL CURRENT PRIOR OVER 2 NUMBER NAME AMOUNT ON INVOICE LIABILITY PERIOD PERIOD PERIODS ========================================================================================================================= 1915 MASTERPIECE ACCESSOR 8978.80 .00 8978.80 8978.80 .00 .00 1917 RAINGEAR 4564.80 .00 4564.80 4564.80 .00 .00 1925 A&M HOME DESIGNS LLC 43878.18 .00 43878.18 43878.18 .00 .00 1939 KCH INDUSTRIES 1187.95 .00 1187.95 1187.95 .00 .00 1958 BARKAT INC. 12822.80 .00 12822.00 12822.00 .00 .00 1959 CANNING VALE 3990.00 .00 3990.00 3990.00 .00 .00 1969 SLEEP INNOVATIONS 1656.00 .00 1656.00 1656.00 .00 .00 1971 KENNEY MANUFACTURING 852.74 .00 852.74 852.74 .00 .00 1972 ELITE TEXTILE INC 3688.27 .00 3688.27 3688.27 .00 .00 2001 ZHENG ZHANG 600.91 .00 600.91 600.91 .00 .00 2011 PACIFIC TRADE INTERN 8717.84 .00 8717.84 8717.84 .00 .00 2015 CRYSTAL CREATIONS 20 186.01 .00 186.01 186.01 .00 .00 2017 WOOLTARA USA 10052.84 .00 10052.84 10052.84 .00 .00 2025 CAESAREA WARDINON 1812.90 .00 1812.90 1812.90 .00 .00 2028 FRITZ COMPANIES 1536.46 .00 1536.46 1536.46 .00 .00 2053 SPRINGS WINDOW FASHI 8886.29 .00 8886.29 8886.29 .00 .00 2071 LAZART PRODUCTION, I 4898.25 .00 4898.25 4898.25 .00 .00 2072 QUALITY HANDCRAFTED 5939.36 93.50- 5845.86 5845.86 .00 .00 2091 MERAVIC 3074.40 .00 3074.40 3074.40 .00 .00 2111 LAVA ENTERPRISES, IN 29071.50 .00 29071.50 28998.00 73.50 .00 2115 BRACE HOME FASHIONS 1697.50 .00 1697.50 1697.50 .00 .00 2137 MAZEL STORES 14765.40 .00 14765.40 14765.40 .00 .00 2142 ILLUME 9908.90 .00 9908.90 9908.90 .00 .00 2214 3D-PRODUCTS & DESIGN 3132.00 .00 3132.00 3132.00 .00 .00 2215 GUILFORD HOME FASHIO 1527.00- .00 1527.00- 1527.00- .00 .00 2217 BLUE RIDGE HOME FASH 17607.50 .00 17607.50 17607.50 .00 .00 2229 CITY ART 12042.50 .00 12042.50 12042.50 .00 .00 2234 TREND SETTING DESIGN 2494.00 .00 2494.00 2494.00 .00 .00 2289 RAE DUNN 311.00 .00 311.00 311.00 .00 .00 2292 PECATA 5568.00 .00 5568.00 5568.00 .00 .00 2296 OLD TOWN POTTERY 2785.50 .00 2785.50 2785.50 .00 .00 2306 A & B HONGDA GROUP. 1057.95 9.00- 1048.95 1048.95 .00 .00 2332 ORIENT IMPEX INC. 8780.00 .00 8780.00 8780.00 .00 .00 2338 UNITED WEAVERS OF AM 5652.50 .00 5652.50 5652.50 .00 .00 2341 S.S. DWECK & SONS IN 21090.00 .00 21090.00 21090.00 .00 .00 2352 GENERAL TIME 3736.84 50.32- 3686.52 3686.52 .00 .00 2362 STERLING ENTERPRISES 7200.00 .00 7200.00 7200.00 .00 .00 2363 TEXWIN ENTERPRISES, 7405.00 .00 7405.00 7405.00 .00 .00 2364 CLASSIC LINENS, INC. 2754.00 .00 2754.00 2754.00 .00 .00 2379 BENTONY INC. 4029.00 12.00- 4017.00 4017.00 .00 .00 2386 GAMUT DISTRIBUTORS 1356.00 .00 1356.00 1356.00 .00 .00 Final Totals: 1896588.95 9232.18- 1887356.77 1896494.00 5669.63- 3467.60- *** End of Report ***
STROUDS ACQUISITION CORP. - 4R4 PAGE 1 STROUDS, INC. #9 EXPENSE PAYABLES INVOICES MONTHLY ACCOUNTS PAYABLE BALANCING AS OF 01 MAR 01
========================================================================================================================= 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- 70810 CHEN, TE TSUNG 30003.80 .00 30003.80 30003.80 .00 .00 70865 CITY OF GLENDALE 2715.83 .00 2715.83 2715.83 .00 .00 70875 CITY OF INDUSTRY 1017.58 .00 1017.58 1017.58 .00 .00 70890 CITY OF LAS VEGAS 920.58 .00 920.58 920.58 .00 .00 70905 CITY OF MONTCLAIR 926.00 .00 926.00 .00 926.00 .00 70925 CITY OF PASADENA 1782.80 .00 1782.80 1782.80 .00 .00 70965 CITY OF SANTA BARBAR 192.67 .00 192.67 192.67 .00 .00 70970 CITY OF SANTA BARBAR 565.00 .00 565.00 .00 565.00 .00 70995 CITY OF THOUSAND OAK 776.75 .00 776.75 .00 776.75 .00 71155 DICK LARSEN-TAX COLL 804.07 .00 804.07 .00 .00 804.07 71600 GE INFORMATION SERVI 1868.55 .00 1868.55 1868.55 .00 .00 71775 VERIZON 8162.15 .00 8162.15 8162.15 .00 .00 71910 HAROLD S. PITTMAN - 2039.65 .00 2039.65 .00 .00 2039.65 72055 IBM 13944.20 .00 13944.20 13944.20 .00 .00 72090 INSTANT PRINT SHOP 7925.58 .00 7925.58 7925.58 .00 .00 72290 LAGUNA HILLS INVESTM 21193.22 .00 21193.22 21193.22 .00 .00 72305 KENT H. LANDSBERG PA 1325.54 .00 1325.54 1325.54 .00 .00 72330 SUE LASHER, TRUSTEE 21564.23 .00 21564.23 21564.23 .00 .00 72355 LEE BUFFINGTON 4174.17 .00 4174.17 .00 .00 4174.17 72435 CONTRA COSTA COUNTY 974.02 .00 974.02 .00 .00 974.02 72635 MENLO STATION DEVELO 41904.51 .00 41904.51 41904.51 .00 .00 72835 NESS, CHARLES 1455.00 .00 1455.00 1455.00 .00 .00 73005 PACIFIC BELL 1160.84 .00 1160.84 1160.84 .00 .00 73185 PACIFIC MECHANICAL S 1260.03 .00 1260.03 1260.03 .00 .00 73460 PG & E 6668.57 .00 6668.57 6668.57 .00 .00 73610 PAUL MCDONNELL 972.91 .00 972.91 .00 .00 972.91 73765 SAN DIEGO GAS & ELEC 1452.24 .00 1452.24 1452.24 .00 .00 73855 JAMES SANTOYO 260.00 .00 260.00 260.00 .00 .00 74045 SOUTHERN CALIF. EDIS 49381.15 .00 49381.15 49381.15 .00 .00 74050 SOUTHERN CALIF. GAS 94.52 .00 94.52 94.52 .00 .00 74065 SPARKLETTS 405.50 .00 405.50 405.50 .00 .00 74275 TAX COLLECTOR, SANTA 4654.19 .00 4654.19 .00 .00 4654.19 74831 GENERAL SECURITY SYS 141.00 .00 141.00 .00 141.00 .00 74836 DELTA DENTAL PLAN/PM 154.30 .00 154.30 154.30 .00 .00 74879 COMDISCO, INC. 1323.00 .00 1323.00 1323.00 .00 .00 74902 PACIFIC BELL 1317.63 .00 1317.63 1317.63 .00 .00 74950 10830 SANTA MONICA A 39679.32 .00 39679.32 39679.32 .00 .00 75064 CITY CLERK, CITY OF 32517.00 .00 32517.00 .00 32517.00 .00 75089 CITY OF SAN DIEGO 270.00 .00 270.00 .00 270.00 .00 75146 HDR INVESTMENT CO. 24553.63 .00 24553.63 24553.63 .00 .00 75162 DONALD R. WHITE 1674.53 .00 1674.53 .00 .00 1674.53 75170 FRESNO COUNTY TAX CO 609.98 .00 609.98 .00 .00 609.98 75179 SANTA BARBARA INDUST 22625.00 .00 22625.00 22625.00 .00 .00 75212 TRI-COUNTY LIGHTING 7158.16 .00 7158.16 7158.16 .00 .00 75241 FERAMISCO, GARY L. 2334.85 .00 2334.95 .00 .00 2334.85 75261 JH BRYANT JR., INC. 6423.19 .00 6423.19 6423.19 .00 .00 75262 KINKO'S INC. 4.49 .00 4.49 4.49 .00 .00 75300 LOS ANGELES COUNTY T 17024.81 .00 17024.81 .00 .00 17024.81
STROUDS ACQUISITION CORP. - 4R4 PAGE 2 STROUDS, INC. #9 EXPENSE PAYABLES INVOICES MONTHLY ACCOUNTS PAYABLE BALANCING AS OF 01 MAR 01
========================================================================================================================= VENDOR GROSS CREDITS TOTAL CURRENT PRIOR OVER 2 NUMBER NAME AMOUNT ON INVOICE LIABILITY PERIOD PERIOD PERIODS ========================================================================================================================= 75322 ANDERSON TYPEWRITER 396.53 .00 396.53 396.53 .00 .00 75357 NEOPOST LEASING 809.23 .00 809.23 809.23 .00 .00 75359 ARCUS DATA SECURITY, 393.00 .00 393.00 393.00 .00 .00 75390 TERMINIX INTERNATION 500.00 .00 500.00 500.00 .00 .00 75418 MONTCLAIR EAST PARTN 19825.00 .00 19825.00 19825.00 .00 .00 75421 CARJO ENTERPRISES 27.86 .00 27.86 27.86 .00 .00 75428 BLANCHARD'S LOCK AND 1902.57 .00 1902.57 1902.57 .00 .00 75447 INFINITE COMPUTER GR 317.00 .00 317.00 317.00 .00 .00 75485 MASSGLASS & DOOR SER 220.00 .00 220.00 220.00 .00 .00 75491 FIRST CHOICE SERVICE 49.69 .00 49.69 49.69 .00 .00 75496 RANCHO NIGUEL COMMER 51742.09 .00 51742.09 51742.09 .00 .00 75551 SUE LASHER, TRUSTEE-D 21564.23 .00 21564.23 21564.23 .00 .00 75565 SAN FRANCISCO TAX CO 894.29 .00 894.29 894.29 .00 894.29 75566 GRAPHIC DETAILS 4700.00 .00 4700.00 4700.00 .00 .00 75590 STAR ELEVATOR, INC. 184.87 .00 184.87 184.87 .00 .00 75602 770 TAMALPAIS DRIVE, 36860.75 .00 36860.75 36860.75 .00 .00 75626 AMERICAN STOCK TRANS 500.00 .00 500.00 500.00 .00 .00 75630 FAIRWAY BUSINESS CEN 43065.03 .00 43065.03 43065.03 .00 .00 75685 GABBERT & BECK 37767.65 .00 37767.65 37767.65 .00 .00 75690 NATIONWIDE BUILDING 17198.00 .00 17198.00 17198.00 .00 .00 75692 LAURA RANDALL 686.25 .00 686.25 686.25 .00 .00 75743 WALNUT VALLEY WATER 78.75 .00 78.75 78.75 .00 .00 75747 CHARLES LOMELI, SOLA 392.60 .00 392.60 392.60 .00 392.60 75751 THOMAS R. RUSSELL - 298.75 .00 298.75 298.75 .00 298.75 75752 CORPORATE EXPRESS 2327.24 .00 2327.24 2327.24 .00 .00 75758 SACHSE REAL ESTATE C 25327.90 .00 25327.90 25327.90 .00 .00 75761 METRO TECH SERVICE, 1950.00 .00 1950.00 1950.00 .00 .00 75770 BROWNING-FERRIS INDU 217.15 .00 217.15 217.15 .00 .00 75800 DUNBAR ARMORED, INC. 1976.25 .00 1976.25 1976.25 .00 .00 75845 WILLIAM B. LANE INC. 152.50 .00 152.50 152.50 .00 .00 75851 TEACHERS' RETIREMENT 36475.21 .00 36475.21 36475.21 .00 .00 75859 MISSION CENTER ROAD, 38182.35 .00 38182.35 38182.35 .00 .00 75886 ACCOUNTANTS ON CALL. 1407.88 .00 1407.88 1407.88 .00 .00 75907 CALPERS/BREA MARKETP 22578.50 .00 22578.50 22578.50 .00 .00 75911 L.A. MUNICIPAL SERVI 1224.60 .00 1224.60 1224.60 .00 .00 75936 MARINA PACIFICA LLC 36321.33 .00 36321.33 36321.33 .00 .00 75950 SECOND HORIZON GROUP 18052.26 .00 18052.26 18052.26 .00 .00 75967 CROWN CREDIT CORP. ( 1863.00 .00 1863.00 1863.00 .00 .00 75994 MANPOWER 738.93 .00 738.93 738.93 .00 .00 76023 NAVIGANT INTERNATION 111.50 .00 111.50 111.50 .00 .00 76028 RITE AID CORP. - 881 16004.97 .00 16004.97 16004.97 .00 .00 76039 SANTA MONICA UTILITI 321.71 .00 321.71 321.71 .00 .00 76043 H.M.A. ENTERPRISE-MA 24971.52 .00 24971.52 24971.52 .00 .00 76048 COLOUR QUEST, INC. 38690.26 .00 38690.26 38690.26 .00 .00 76059 SHARMA PIN'S RECYCLI 55.00 .00 55.00 55.00 .00 .00 76081 LARRIS BEMIS 12000.00 .00 12000.00 12000.00 .00 .00 76082 MARCO F. WEISS 8000.00 .00 8000.00 8000.00 .00 .00 76083 F L M P A - ENDOWMEN 27168.36 .00 27168.36 27168.36 .00 .00 76085 DALE D. ACHABAL 10000.00 .00 10000.00 10000.00 .00 .00 76106 STEVE BALMOS 374.18 .00 374.18 374.18 .00 .00
STROUDS ACQUISITION CORP. - 4R4 PAGE 3 STROUDS, INC. #9 EXPENSE PAYABLES INVOICES MONTHLY ACCOUNTS PAYABLE BALANCING AS OF 01 MAR 01
========================================================================================================================= VENDOR GROSS CREDITS TOTAL CURRENT PRIOR OVER 2 NUMBER NAME AMOUNT ON INVOICE LIABILITY PERIOD PERIOD PERIODS ========================================================================================================================= 76112 BEVERLY CONNECTION 67038.00 .00 67038.00 67038.00 .00 .00 76113 FULLERTON METROCENTE 11958.00 .00 11958.00 11958.00 .00 .00 76116 NCS ASSESSMENTS/LOND 416.48 .00 416.48 806.48 390.00- .00 76123 BAL'S & BROTHERS LAN 150.00 .00 150.00 150.00 .00 .00 76125 DECATUR CROSSING SHO 19792.00 .00 19792.00 19792.00 .00 .00 76136 MUZAK - A/R 1273.38 .00 1273.38 1273.38 .00 .00 76152 HUNTLEY FINANCIAL OR 5376.06 .00 5376.06 5376.06 .00 .00 76178 J. QUINT AND ASSOCIA 1640.00 .00 1640.00 1640.00 .00 .00 76187 IOS CAPITAL 3776.72- .00 3776.72- .00 .00 3776.72- 76209 WOODCREEK 44550.00 .00 44550.00 44550.00 .00 .00 76226 PACIFIC WASTE SERVIC 135.50 .00 135.50 135.50 .00 .00 76228 LOCKTON INSURANCE BR 31820.00 .00 31820.00 31820.00 .00 .00 76251 XPEDX (L.A. FILE 823 .01 .00 .01 2255.07 .00 2255.06- 76253 ENVIRONMENT CONTROL 2550.00 .00 2550.00 2550.00 .00 .00 76255 COSTCO BUSINESS DELI 741.44 .00 741.44 741.44 .00 .00 76260 SUNRISE PENGUIN SARA 17501.54 .00 17501.54 17501.54 .00 .00 76264 XPEDX (PITTSBURGH) 19378.80 .00 19378.80 19378.80 .00 .00 76267 STEVENS CREEK DISPOS 376.09 .00 376.09 376.09 .00 .00 76277 IVI CHECKMATE, INC. 951.01 .00 951.01 951.01 .00 .00 76278 DEL MONTE REGIONAL M 25341.45 .00 25341.45 25341.45 .00 .00 76286 MASTER DISPOSAL CO., 220.00 .00 220.00 220.00 .00 .00 76288 WORLDCOM TECHNOLOGIE 2257.67 .00 2257.67 2257.67 .00 .00 76289 WORLDCOM TECHNOLOGIE 34152.25 .00 34152.25 34152.25 .00 .00 76293 GUARD-SYSTEMS, INC. 4909.75 .00 4909.75 4909.75 .00 .00 76297 MANPOWER (SAN FRANCI 4308.24 .00 4308.24 4308.24 .00 .00 76300 MOBILE MINI, INC. 146.86 .00 146.86 146.86 .00 .00 76320 SERV-WELL DISPOSAL 426.84 .00 426.84 426.84 .00 .00 76322 PATRICIA N. KETCHUM, 34078.68 .00 34078.68 34078.68 .00 .00 76335 MOORPARK VILLAGE COM 40993.61 .00 40993.61 40993.61 .00 .00 76339 YAHOO! INC. 300.00 .00 300.00 300.00 .00 .00 76345 SUPERIOR PRESS 140.26 .00 140.26 140.26 .00 .00 76376 SEGERDAHL 48745.58 .00 48745.58 48745.58 .00 .00 76395 PROFORMA PACIFIC WES 499.20 .00 499.20 499.20 .00 .00 76396 NES EQUIPMENT & SERV 1349.00 .00 1349.00 1349.00 .00 .00 76402 PREFERRED PALLETS 745.20 .00 745.20 745.20 .00 .00 76410 SAND HILL PROPERTY M 32025.86 .00 32025.86 32025.86 .00 .00 76415 SFP REAL ESTATE (MIN 25515.69 .00 25515.69 25515.69 .00 .00 76422 IRVINE RETAIL PROPER 15837.18 .00 15837.18 15837.18 .00 .00 76459 TOWER/GOODGUYS CC200 36978.00 .00 36978.00 36978.00 .00 .00 76468 SORICH & LASHER 779.99 .00 779.99 779.99 .00 .00 76469 PCF INVESTMENTS, LLC 27238.98 .00 27238.98 27238.98 .00 .00 76478 PG DEVELOPMENT II C 14583.11 .00 14583.11 14583.11 .00 .00 76508 INDUSTRY INDUSTRIAL 21382.76 .00 21382.76 21382.76 .00 .00 76525 BERNARD HODES ADVERT 7453.70 .00 7453.70 7453.70 .00 .00 76545 VESTAR/LEND LEASE LL 26833.50 .00 26833.50 26833.50 .00 .00 76557 TELEPHONE AND MAIN A 29733.24 .00 29733.24 29733.24 .00 .00 76562 LOUIS G. SOLTON 1383.53 .00 1383.53 .00 .00 1383.53 76572 LOGISTICS WAREHOUSE 153154.56 .00 153154.56 153154.56 .00 .00 76573 PEPR GRAPHICS 107.30 .00 107.30 107.30 .00 .00 76579 PROTECTIVE SERVICES, 1243.00 .00 1243.00 1243.00 .00 .00
STROUDS ACQUISITION CORP. - 4R4 PAGE 4 STROUDS, INC. #9 EXPENSE PAYABLES INVOICES MONTHLY ACCOUNTS PAYABLE BALANCING AS OF 01 MAR 01
========================================================================================================================= VENDOR GROSS CREDITS TOTAL CURRENT PRIOR OVER 2 NUMBER NAME AMOUNT ON INVOICE LIABILITY PERIOD PERIOD PERIODS ========================================================================================================================= 76582 POORMAN-DOUGLAS CORP 4275.00 .00 4275.00 4275.00 .00 .00 76592 WASTE AND RECYCLING 90.00 .00 90.00 90.00 .00 .00 999999 DEPARTMENT OF WEIGHT 200.00 .00 200.00 200.00 .00 .00 999999 ANNE FAHEY 2050.71 .00 2050.71 2050.71 .00 .00 999999 MARK PARKER - ELECTR 1876.00 .00 1876.00 1876.00 .00 .00 999999 MARY CHRISTINE VILLA 259.19 .00 259.19 259.19 .00 .00 999999 DENISE T. GOETTSCH 139.89 .00 139.89 139.89 .00 .00 999999 TARA OWEN 107.50 .00 107.50 107.50 .00 .00 999999 MARIANO J. CORPUS MA 133.90 .00 133.90 133.90 .00 .00 999999 MARY H. MALETIS 21.59 .00 21.59 21.59 .00 .00 999999 OLGA MORA 842.35 .00 842.35 842.35 .00 .00 999999 MICHAEL BRIAN INTERI 130.92 .00 130.92 130.92 .00 .00 999999 JUDY LEE 422.45 .00 422.45 422.45 .00 .00 999999 TINA MOBLEY 160.49 .00 160.49 160.49 .00 .00 999999 ROBERT TERRAZAS 161.96 .00 161.96 161.96 .00 .00 999999 LAURIE ANDERSON 237.01 .00 237.01 237.01 .00 .00 999999 JENIFER COLLADO 164.10 .00 164.10 164.10 .00 .00 999999 LIZABETH ELBIZ ALTOU 129.59 .00 129.59 129.59 .00 .00 999999 MS. COURTNEY 150.48 .00 150.48 150.48 .00 .00 999999 KATE FERRES 35.99 .00 35.99 35.99 .00 .00 999999 TERESA JUGAN 483.71 .00 483.71 483.71 .00 .00 999999 ANNA BOHANNAN 337.81 .00 337.81 337.81 .00 .00 999999 JO RENDULIC 239.17 .00 239.17 239.17 .00 .00 999999 MARY JO MCKEE 161.99 .00 161.99 161.99 .00 .00 999999 CHEN CHEN YU 201.31 .00 201.31 201.31 .00 .00 999999 JOHN COLLINS 431.99 .00 431.99 431.99 .00 .00 999999 BENEDICTA R. MARIBOU 1123.06 .00 1123.06 1123.06 .00 .00 999999 VERNA HERRERO 232.19 .00 232.19 232.19 .00 .00 999999 ANNELIESE FLINT 222.48 .00 222.48 222.48 .00 .00 999999 DIANA C. LEOS 205.19 .00 205.19 205.19 .00 .00 999999 LAURIE LAYTON 128.99 .00 128.99 128.99 .00 .00 999999 ALYSIA WILLIAMS 155.86 .00 155.86 155.86 .00 .00 999999 LINDA J. ELLIOTT 161.20 .00 161.20 161.20 .00 .00 999999 DIANNE MITCHELL 798.16 .00 798.16 798.16 .00 .00 999999 LINDA BENNETT 100.55 .00 100.55 100.55 .00 .00 999999 NATALYA ANTONOVA 290.44 .00 290.44 290.44 .00 .00 999999 HAFIZA MAHIODIN 161.24 .00 161.24 161.24 .00 .00 999999 DENNIS VINAR 53.24 .00 53.24 53.24 .00 .00 999999 GARY JACOBSON 171.37 .00 171.37 171.37 .00 .00 999999 CHRISTINA L. AGLUBAT 96.72 .00 96.72 96.72 .00 .00 999999 RUBINE ARUTCHEVA 107.99 .00 107.99 107.99 .00 .00 999999 K. DRISCOLL 80.63 .00 80.63 80.63 .00 .00 999999 DOLORES A. MENDOZA 277.27 .00 277.27 277.27 .00 .00 999999 VIDA KOHAN 408.14 .00 408.14 408.14 .00 .00 999999 CAROL POLCHOW 3.00 .00 3.00 3.00 .00 .00 999999 SUN NEWSPAPERS 190.40 .00 190.40 190.40 .00 .00 Final Totals: 1814939.65 .00 1814939.65 1748268.96 34805.75 31864.94
*** End of Report *** STROUDS ACQUISITION CORP. - 4R4 PAGE 1 STROUDS, INC. #9 FREIGHT PAYABLES INVOICES MONTHLY ACCOUNTS PAYABLE BALANCING AS OF 01 MAR 01
========================================================================================================================= VENDOR GROSS CREDITS TOTAL CURRENT PRIOR OVER 2 NUMBER NAME AMOUNT ON INVOICE LIABILITY PERIOD PERIOD PERIODS ========================================================================================================================= 50125 LA XPRESS ASSEMBLY & 10787.94 .00 10787.94 10787.94 .00 .00 50284 M.R.J. TRUCKING, INC 327.58 .00 327.58 327.58 .00 .00 50291 STREAMLINE SHIPPERS 2497.18 .00 2497.18 2497.18 .00 .00 50328 COMBINED EXPRESS, IN 2426.47 .00 2426.47 2426.47 .00 .00 50331 EAST/WEST CONSOLIDAT 1414.67 .00 1414.67 1414.67 .00 .00 50342 PACIFIC CARTAGE & WA 9340.78 .00 9340.78 9340.78 .00 .00 50343 OMEGA LOGISTICS 5077.50 .00 5077.50 5077.50 .00 .00 76455 KOLAX SHIPPERS, INC. 329758.25- .00 329758.25- 115311.40- .00 214446.85- Final Totals: 297886.13- .00 297886.13- 83439.28- .00 214446.85-
*** End of Report *** In re: Strouds, Inc. Case No. 003552MFW Reporting Period: Mar-01
------------------------------------------------------------------------------------------------------------- Accounts Receivable Reconciliation Amount ------------------------------------------------------------------------------------------------------------- Total Accounts Receivable at the beginning of the reporting period 22,270 ------------------------------------------------------------------------------------------------------------- + Amounts billed during the period 10,870 ------------------------------------------------------------------------------------------------------------- -Amounts collected during the period 19,601 ------------------------------------------------------------------------------------------------------------- Total Accounts Receivable at the end of the reporting 13,540 ------------------------------------------------------------------------------------------------------------- ACCOUNTS RECEIVABLE AGING: 0 - 30 days old 13,540 31 - 60 days old - 61 - 90 days old - 91+ days old - -------- Total 13,540 Uncollectible - -------- Net 13,540 ========
DEBTOR QUESTIONNAIRE
----------------------------------------------------------------------------------------------------------------------- Must be completed each month Yes No ----------------------------------------------------------------------------------------------------------------------- 1. Have any assets been sold or transferred outside the normal course of x business this reporting period? If yes, provide an explanation below. ----------------------------------------------------------------------------------------------------------------------- 2. Have any funds been disbursed from any account other than a debtor in x possession account this reporting period. If yes, provide an explanation below. ----------------------------------------------------------------------------------------------------------------------- 3. Have all postpetition tax returns been timely filed? If no, provide an x explanation below. ----------------------------------------------------------------------------------------------------------------------- 4. Are workers compensation, general liability and other necessary insurance x coverages in effect? If no, provide an explanation below. -----------------------------------------------------------------------------------------------------------------------
Answer to Question 1: The inventory at three store locations were sold to a liquidator who is conducting a going out of business sale.