EX-99.1 2 ex99_1.htm EXHIBIT 99.1 ex99_1.htm
EXHIBIT 99.1
 
   
Monthly Operating Report
     
CASE  NAME: The Bombay Company, Inc. (1)
  
ACCRUAL BASIS
     
CASE  NUMBER: 07-44084-dml-11
    
     
JUDGE: D. Michael Lynn
    


UNITED  STATES  BANKRUPTCY  COURT

NORTHERN DISTRICT OF TEXAS

DIVISION 6

MONTHLY  OPERATING  REPORT

MONTH  ENDING: FEBRUARY 2008 (2)

IN  ACCORDANCE  WITH  TITLE  28,  SECTION  1746,  OF  THE  UNITED  STATES  CODE,  I DECLARE  UNDER  PENALTY  OF  PERJURY  THAT  I HAVE EXAMINED  THE  FOLLOWING MONTHLY  OPERATING  REPORT  (ACCRUAL BASIS-1  THROUGH  ACCRUAL BASIS-7)  AND THE ACCOMPANYING ATTACHMENTS  AND,  TO  THE  BEST  OF  MY  KNOWLEDGE,  THESE DOCUMENTS  ARE  TRUE,  CORRECT  AND COMPLETE.  DECLARATION  OF  THE PREPARER (OTHER  THAN  RESPONSIBLE  PARTY):  IS  BASED  ON  ALL  INFORMATION  OF  WHICH PREPARER  HAS  ANY  KNOWLEDGE.


RESPONSIBLE  PARTY:
    
     
/s/ Elaine D. Crowley
  
Senior Vice President, Chief Financial Officer and Treasurer
ORIGINAL  SIGNATURE  OF  RESPONSIBLE  PARTY
  
TITLE
     
Elaine D. Crowley
  
April 28, 2008
PRINTED NAME OF RESPONSIBLE PARTY
  
DATE
     
PREPARER:
    
/s/ Charlotte B. Stadler
  
Assistant Controller
ORIGINAL  SIGNATURE  OF  PREPARER
  
TITLE
     
Charlotte B. Stadler
  
April 28, 2008
PRINTED NAME OF PREPARER
  
DATE

Notes:
[1]
A consolidated monthly operating report has been submitted for the following debtor entities: The Bombay Company, Inc. (Case No. 07-44084-dml-11), The Bombay Furniture Company, Inc. (Case No. 07-44085-dml-11), BBA Holdings, LLC (Case No.07-44086-dml-11), Bombay International, Inc. Case No. (07-44087-dml-11), Bailey Street Trading Company (Case No. 07-44088-dml-11), and  BMAJ, Inc. (Case No. 07-44061-dml-11). Jointly Administered Under The Bombay Company, Inc. (Case No. 07-44084-dml-11), (collectively, the "Debtors").

[2]
The Debtors operate under a retail (52-53 week) fiscal year, which ends on the Saturday nearest January 31.  For the purposes of the monthly operating reports, the following month-end dates have been reported: i) September 2007 ended on October 6, 2007; ii) October 2007 ended on November 3, 2007; iii) November 2007 ended on December 1, 2007; iv) December 2007 ended on January 5, 2008; v) January 2008 ended on February 2, 2008; and vi) February 2008 on March 1, 2008

 
 
 
 
   
Monthly Operating Report
     
CASE  NAME: The Bombay Company, Inc.
  
ACCRUAL BASIS-1
     
CASE  NUMBER: 07-44084-dml-11
    

                                     
COMPARATIVE BALANCE SHEET
                                    
                                     
   
Petition Date
    
October 2007
    
November 2007
    
December 2007
    
January 2008
    
February 2008
  
ASSETS
  
9/20/07
                                
 1.  
CASH & CASH EQUIVALENTS (1)
   $ 3,145,672     $ 23,792,779     $ 34,674,271     $ 29,646,525     $ 13,881,119     $ 12,965,369  
 2.  
ACCOUNTS  RECEIVABLE  (NET)
   $ 220,767     $ 218,889     $ 218,889     $ 270,903     $ 30,000     $ 0  
 3.  
INVENTORY
   $ 104,233,126     $ 90,873,577     $ 65,838,471     $ 15,142,324     $ 0     $ 0  
 4.  
NOTES  RECEIVABLE
   $ 573,167     $ 582,539     $ 586,953     $ 586,953     $ 0     $ 0  
 5.  
PREPAID  EXPENSES
   $ 8,411,346     $ 12,563,942     $ 12,233,793     $ 9,769,006     $ 1,688,246     $ 1,628,666  
 6.  
OTHER CURRENT ASSETS
   $ 1,514,755     $ 3,621,230     $ 4,258,435     $ 4,058,941     $ 20,869,290     $ 19,751,725  
 7.  
TOTAL  CURRENT  ASSETS
   $ 114,953,161     $ 107,860,177     $ 83,136,541     $ 29,828,127     $ 22,587,536     $ 21,380,391  
 8.  
PROPERTY,  PLANT  &  EQUIPMENT
   $ 157,137,582     $ 156,962,933     $ 150,580,070     $ 145,303,849     $ 2,667,296     $ 2,330,915  
 9.  
LESS:  ACCUMULATED DEPRECIATION / DEPLETION
   $ (102,575,667 )   $ (103,878,344 )   $ (101,978,290 )   $ (97,766,051 )   $ (2,328,239 )   $ (2,183,884 )
 10.  
NET  PROPERTY,  PLANT  & EQUIPMENT
   $ 54,561,915     $ 53,084,589     $ 48,601,780     $ 47,537,798     $ 339,057     $ 147,031  
 11.  
DUE FROM INSIDERS
   $ (854,896 )   $ 481,472     $ 2,272,359     $ 2,767,061     $ 2,915,652     $ 1,664,808  
 12.  
OTHER  ASSETS  -  NET  OF AMORTIZATION (2)
   $ 2,024,046     $ 1,970,145     $ 1,711,275     $ 1,632,093     $ 216,163     $ 197,458  
 13.  
OTHER (ATTACH LIST)
                                                
 14.  
TOTAL ASSETS
   $ 173,829,898     $ 187,189,162     $ 170,396,226     $ 111,411,604     $ 39,939,527     $ 36,355,057  
POSTPETITION LIABILITIES
                                                
 15.  
ACCOUNTS  PAYABLE
           $ 3,856,282     $ 1,307,569     $ 3,248,359     $ 4,309,572     $ 2,852,974  
 16.  
TAXES  PAYABLE
           $ 4,030,196     $ 4,568,529     $ 4,471,126     $ 836,764     $ 204,683  
 17.  
PROFESSIONAL  FEES
           $ 4,376,054     $ 5,262,669     $ 2,393,833     $ 4,130,481     $ 2,196,213  
 18.  
DEFERRED REVENUE
           $ 85,513,615     $ 61,734,178     $ 18,041,877     $ 0     $ 0  
 19.  
OTHER POST PETITION LIABILITIES
           $ 10,616,805     $ 12,772,231     $ 6,270,802     $ 1,300,066     $ 571,535  
 20.  
TOTAL  POSTPETITION LIABILITIES
           $ 108,392,952     $ 85,645,176     $ 34,425,997     $ 10,576,883     $ 5,825,405  
PREPETITION LIABILITIES
                                                
 21.  
SECURED  DEBT
   $ 71,824,592     $ 0     $ 0     $ 0     $ 0     $ 0  
 22.  
LIABILITIES SUBJECT TO COMPROMISE (4)
   $ 81,136,347     $ 69,522,623     $ 67,367,346     $ 67,325,321     $ 28,350,674     $ 28,207,079  
 23.  
TOTAL  PREPETITION  LIABILITIES
   $ 152,960,939     $ 69,522,623     $ 67,367,346     $ 67,325,321     $ 28,350,674     $ 28,207,079  
 24.  
TOTAL LIABILITIES
   $ 152,960,939     $ 177,915,575     $ 153,012,522     $ 101,751,318     $ 38,927,557     $ 34,032,484  
EQUITY
                                                
 25.  
PREPETITION  OWNERS'  EQUITY
   $ 20,868,959     $ 20,868,959     $ 20,868,959     $ 20,868,959     $ 20,868,959     $ 20,868,959  
 26.  
POSTPETITION  CUMULATIVE PROFIT  OR  (LOSS)
           $ (11,598,491 )   $ (3,492,625 )   $ (11,208,673 )   $ (19,856,989 )   $ (18,546,386 )
 27.  
DIRECT  CHARGES  TO  EQUITy(ATTACH  EXPLANATION) (3)
           $ 3,119     $ 7,370                          
 28.  
TOTAL  EQUITY
   $ 20,868,959     $ 9,273,587     $ 17,383,704     $ 9,660,286     $ 1,011,970     $ 2,322,573  
 29.  
TOTAL  LIABILITIES  & OWNERS'  EQUITY
   $ 173,829,898     $ 187,189,162     $ 170,396,226     $ 111,411,604     $ 39,939,527     $ 36,355,057  

Notes:
[1]
As historically reported on the Debtors' SEC filings, cash and cash equivalents includes cash in the operating accounts, credit card receivables, store depository accounts, and foreign office accounts.  In addition, cash and cash equivalents for the months ended after September 2007 include cash collateralized letters of credit.
[2]
Balance includes capitalized software and other intangibles.

Item 6: Other Current Assets
  
Petition Date
    
October 2007
    
November 2007
    
December 2007
    
January 2008
    
February 2008
  
Employee Receivables
   $ (3,176 )   $ (3,630 )   $ 114,192     $ 9,150     $ 5,994     $ 5,994  
Miscellaneous Receivables
     1,188,193       1,572,576       1,562,710       1,303,630       1,309,976       1,277,159  
DOM In transit - Non Merchandise
     3,666       108       0       0       0       0  
Deposits
     311,825       2,037,929       2,567,286       2,731,914       2,237,963       2,156,512  
Treasury Bond
     37,922       37,922       37,922       37,922       37,922       37,922  
Due from JV
     0       0       0       0       17,277,435       14,774,138  
Chase Merchant Services - MC/V Receivable
     0       0       0       0       0       1,500,000  
Intl Claim Receivable
     (23,675 )     (23,675 )     (23,675 )     (23,675 )     0       0  
    $ 1,514,755     $ 3,621,230     $ 4,258,435     $ 4,058,941     $ 20,869,290     $ 19,751,725  
                                                 
Item 19: Other Post Petition Liabilities
                                        
Accrued Expenses/Inventory
   $ 5,249,931     $ 7,348,201     $ 4,116,402     $ 769,029     $ 123,363  
Customer Prepayments
     2,972,676       2,630,428       (16,724 )     0       0  
Accrued Salaries
     2,394,198       2,793,602       2,171,124       531,037       448,172  
    $ 10,616,805     $ 12,772,231     $ 6,270,802     $ 1,300,066     $ 571,535  

[3]
Represents FAS 123R stock compensation expense adjustment.
[4]
During January 2008, the Debtors eliminated certain reserves and accruals as part of the Debtors' efforts to wind down the operations and financial records. The decrease of liabilities subject to compromise, at the end of January 2008, does not signify payments being made on such liabilities.

 
2 of 11
 
 
   
Monthly Operating Report
     
CASE  NAME: The Bombay Company, Inc.
  
ACCRUAL BASIS-2
     
CASE  NUMBER: 07-44084-dml-11
    

INCOME STATEMENT
                              
   
9/20/07 to 12/31/07
    
January 2008
    
February 2008
    
March 2008
    
QUARTER
  
REVENUES
  
TOTAL
                      
TOTAL
  
 1.  
GROSS  REVENUES
   $ 201,870,774     $ 14,363,269     $ 0           $ 14,363,269  
 2.  
LESS:  RETURNS & DISCOUNTS
   $ (3,318,383 )   $ (239,828 )   $ 0           $ (239,828 )
 3.  
NET SALES
   $ 198,552,391     $ 14,123,441     $ 0           $ 14,123,441  
 4.  
DELIVERY INCOME
   $ 318,482     $ 4,569     $ 0           $ 4,569  
 5.  
NET REVENUE
   $ 198,870,873     $ 14,128,010     $ 0     $ 0     $ 14,128,010  
COST OF GOODS SOLD
                                        
 6.  
STORE COGS
   $ 94,281,406     $ 13,906,150     $ (1,690 )           $ 13,904,460  
 7.  
SHRINK
   $ 1,783,774     $ 1,297,376     $ 0             $ 1,297,376  
 8.  
DC EXPENSE
   $ 5,604,388     $ 1,060,770     $ (12,134 )           $ 1,048,636  
 9.  
DC FRIEGHT TO STORES
   $ 5,304,558     $ 43,165     $ 10             $ 43,175  
 10.  
HOME OFFICE ADJUSTMENTS
   $ 4,743,215     $ (114,160 )   $ 463             $ (113,697 )
 11.  
TOTAL  COST  OF  GOODS  SOLD
   $ 111,717,341     $ 16,193,301     $ (13,351 )   $ 0     $ 16,179,950  
 12.  
GROSS  PROFIT
   $ 87,153,532     $ (2,065,291 )   $ 13,351     $ 0     $ (2,051,940 )
OPERATING EXPENSES
                                        
 13.  
BUYING AND OCCUPANCY COSTS
   $ 6,764,276     $ (31,727,473 )   $ (9,801 )           $ (31,737,274 )
 14.  
PAYROLL
   $ 5,433,907     $ (986,386 )   $ 390,941             $ (595,445 )
 15.  
HOME OFFICE OCCUPANCY
   $ 1,257,963     $ 148,103     $ 77,803             $ 225,906  
 16.  
CREDIT AND COLLECTIONS
   $ 335,680     $ 759,729     $ 9,578             $ 769,307  
 17.  
GENERAL
   $ (4,209,295 )   $ 41,797,320     $ 189,765             $ 41,987,085  
 18.  
INSURANCE AND TAXES
   $ 2,971,891     $ (1,250,135 )   $ 249,990             $ (1,000,145 )
 19.  
PROFESSIONAL  SERVICES
   $ 168,457     $ (35,565 )   $ 104             $ (35,461 )
 20.  
JV EXPENSE, NET
   $ 86,257,567     $ (1,928,374 )   $ 0             $ (1,928,374 )
 21.  
OTHER (Training, travel, public company exp.)
   $ 222,067     $ 31,792     $ 12,422             $ 44,214  
 22.  
TOTAL  OPERATING  EXPENSES
   $ 99,202,514     $ 6,809,011     $ 920,802     $ 0     $ 7,729,813  
 23.  
INCOME  BEFORE  NON-OPERATING
                                        
 24.  
INCOME & EXPENSE
   $ (12,048,982 )   $ (8,874,302 )   $ (907,451 )   $ 0     $ (9,781,753 )
OTHER INCOME & EXPENSES
                                        
 25.  
NON-OPERATING INCOME (ATT.  LIST) (3)
   $ 13,077,375     $ 560,304     $ 2,783,639             $ 3,343,943  
 26.  
NON-OPERATING EXPENSE (ATT.  LIST)
   $ 4,270             $ 0             $ 0  
 27.  
INTEREST  EXPENSE
   $ 543,587             $ 0             $ 0  
 28.  
DEPRECIATION / DEPLETION
   $ 0             $ 0             $ 0  
 29.  
AMORTIZATION
   $ 0             $ 0             $ 0  
 30.  
ROYALTY FEE
   $ 910,617             $ 0             $ 0  
 31.  
NET  OTHER INCOME & EXPENSES
   $ (11,618,901 )   $ (560,304 )   $ (2,783,639 )   $ 0     $ (3,343,943 )
REORGANIZATION EXPENSES
                                        
 32.  
PROFESSIONAL  FEES
   $ 7,044,676     $ 24,779     $ 835,585             $ 860,364  
 33.  
U.S.  TRUSTEE  FEES
   $ 1,500             $ 0             $ 0  
 34.  
OTHER (2)
   $ 3,732,844                             $ 0  
 35.  
TOTAL  REORGANIZATION  EXPENSES
   $ 10,779,020     $ 24,779     $ 835,585     $ 0     $ 860,364  
 36.  
INCOME  TAX
   $ (428 )   $ 39,539     $ 0             $ 39,539  
 37.  
NET  PROFIT  (LOSS)
   $ (11,208,673 )   $ (8,378,316 )   $ 1,040,603     $ 0     $ (7,337,713 )

 
3 of 11
 
 
   
Monthly Operating Report
     
CASE  NAME: The Bombay Company, Inc.
  
ACCRUAL BASIS-3
     
CASE  NUMBER: 07-44084-dml-11
    

CASH RECEIPTS AND
  
9/20 to 12/31/07
    
January 2008
    
February 2008
  
March 2008
  
QUARTER
  
DISBURSEMENTS
  
TOTAL
                  
TOTAL
  
 1.  
CASH - BEGINNING  OF  MONTH
   $ 881,175     $ 10,543,219     $ 4,195,490       $ 10,543,219  
RECEIPTS FROM OPERATIONS
                                  
 2  
TOTAL  OPERATING  RECEIPTS
   $ 189,541,305     $ 21,752,078     $ 638       $ 21,752,716  
   
NON - OPERATING RECEIPTS
                                  
 3  
LOANS  &  ADVANCES  (REPAYMENT)
   $ 5,998,804                       $ 0  
 4  
SALE  OF  ASSETS
   $ 37,122,607     $ 1,074,026     $ (54,189 )     $ 1,019,837  
 5  
REIMBURSEMENT (TO)/FROM LIQUIDATORS
   $ (130,545,563 )   $ (13,340,195 )   $ 2,557,485       $ (10,782,710 )
 6  
OTHER  (ATTACH  LIST)
   $ 0     $ 285,554     $ 2,811,979       $ 3,097,533  
 7  
TOTAL  NON-OPERATING  RECEIPTS
   $ (87,424,152 )   $ (11,980,615 )   $ 5,315,275       $ (6,665,340 )
 8  
TOTAL  RECEIPTS
   $ 102,117,153     $ 9,771,463     $ 5,315,913       $ 15,087,376  
 9  
TOTAL  CASH  AVAILABLE
   $ 102,998,328     $ 20,314,681     $ 9,511,403       $ 25,630,594  
OPERATING DISBURSEMENTS
                                  
 10  
PAYROLL, PAYROLL TAXES, BENEFITS
   $ 23,395,881     $ 8,229,902     $ 777,818       $ 9,007,720  
 11  
SALES,  USE  &  OTHER  TAXES  PAID
   $ 10,365,311     $ 5,698,707     $ 730,397       $ 6,429,104  
 12  
MERCHANDISE
   $ 11,828,206     $ 63,986     $ 0       $ 63,986  
 13  
GENERAL AP
   $ 3,471,309     $ 93,074     $ 115,881       $ 208,955  
 14  
RENT & OCCUPANCY
   $ 26,016,571     $ 920,263     $ 298,147       $ 1,218,410  
 15  
FREIGHT
   $ 5,714,718     $ 216,980     $ 0       $ 216,980  
 16  
CRITICAL VENDOR PAYMENTS
   $ 2,838,397     $ 0     $ 0       $ 0  
 17  
OTHER  (ATTACH  LIST)
   $ 4,030,155     $ 730,129     $ 431,262       $ 1,161,391  
 18  
TOTAL  OPERATING  DISBURSEMENTS
   $ 87,660,548     $ 15,953,041     $ 2,353,505       $ 18,306,546  
REORGANIZATION EXPENSES
                                  
 19  
PROFESSIONAL  FEES
   $ 3,194,296     $ 8,785     $ 1,590,360       $ 1,599,145  
 20  
U.S.  TRUSTEE  FEES
   $ 1,500                       $ 0  
 21  
OTHER  (ATTACH  LIST)
   $ 1,598,766     $ 157,365     $ 83,801       $ 241,166  
 22  
TOTAL  REORGANIZATION  EXPENSES
   $ 4,794,562     $ 166,150     $ 1,674,161       $ 1,840,311  
 23  
TOTAL  DISBURSEMENTS (1)
   $ 92,455,110     $ 16,119,191     $ 4,027,666       $ 20,146,857  
 24  
NET  CASH  FLOW
   $ 9,662,044     $ (6,347,728 )   $ 1,288,247       $ (5,059,481 )
 25  
CASH - END OF MONTH (2)
   $ 10,543,219     $ 4,195,490     $ 5,483,737       $ 5,483,737  

Note:
[1]
All of the Debtors' disbursements are made from The Bombay Company, Inc. (Case No. 07-44084-dml-11) and The Bombay Furniture Company, Inc. (Case No. 07-44085-dml-11).  Disbursements by Debtor have been are as follows:

Total Disbursements
  
January 2008
    
February 2008
    
March 2008
    
Total Disbursements
  
The Bombay Company, Inc. (07-44084-dml-11)
   $ 16,115,091     $ 4,027,666           $ 20,142,757  
The Bombay Furniture Company, Inc. (07-44085-dml-11)
   $ 4,100     $ -           $ 4,100  
    $ 16,119,191     $ 4,027,666     $ -     $ 20,146,857  
                                 
   
January 2008
    
February 2008
    
March 2008
    
Total
  
                                 
Item 6: Other Income
                                
LC Cash Collateral Returned
     150,000                          
Home Office Receipts
     135,554       811,979                  
US IP
             2,000,000                  
Net Inventory Proceeds/ Canadian IP
                                
Total
   $ 285,554     $ 2,811,979     $ -       3,097,533  
                                 
Item 17: Other Operating Disbursements
                                
International Offices
     4,100       -               4,100  
Other Admin Expense
             125,000                  
Other Corporate Expense
     726,029       306,262               1,032,291  
Inventory Taking
                             -  
Total
   $ 730,129     $ 431,262     $ -     $ 1,036,391  
                                 
Item 21: Other Reorganization Expenses
                                
Completion Bonus
     157,365       83,801               241,166  
Total
   $ 157,365     $ 83,801     $ -     $ 241,166  

 
4 of 11
 
 
   
Monthly Operating Report
     
CASE  NAME: The Bombay Company, Inc.
  
ACCRUAL BASIS-4
     
CASE  NUMBER: 07-44084-dml-11
    

       
SCHEDULE
    
MONTH
    
MONTH
    
MONTH
    
MONTH
    
MONTH
  
ACCOUNTS RECEIVABLE AGING
  
AMOUNT
    
Oct-07
    
Nov-07
    
Dec-07
    
Jan-08
    
Feb-08
  
 1.    0-30         $ 0     $ 0     $ 0     $ 0     $ 0  
 2.    31-60         $ 0     $ 0     $ 0     $ 0     $ 0  
 3.    61-90         $ 0     $ 0     $ 0     $ 0     $ 0  
 4.    91+         $ 987,208     $ 987,208     $ 987,208     $ 74,509     $ 0  
 5.  
TOTAL ACCOUNTS RECEIVABLE
   $ 0     $ 987,208     $ 987,208     $ 987,208     $ 74,509     $ 0  
 6.  
AMOUNT CONSIDERED UNCOLLECTIBLE
           $ (768,319 )   $ (768,319 )   $ (768,319 )   $ (44,509 )   $ 0  
 7.  
ACCOUNTS RECEIVABLE (NET)
   $ 0     $ 218,889     $ 218,889     $ 218,889     $ 30,000     $ 0  

                     
AGING OF POSTPETITION TAXES AND PAYABLES
    
MONTH:
    
February 2008
                     
       
0-30
    
31-60
    
61-90
    
91+
        
TAXES PAYABLE
  
DAYS
    
DAYS
    
DAYS
    
DAYS
    
TOTAL
  
 1.  
FEDERAL
   $ 0                                
 2.  
STATE
   $ 0                                
 3.  
LOCAL
   $ 0                                
 4.  
SALES TAX
   $ 0                             $ 0  
 5.  
TOTAL  TAXES  PAYABLE
   $ 0     $ 0     $ 0     $ 0     $ 0  

                         
STATUS OF POSTPETITION TAXES
        
MONTH:
    
February 2008
                         
       
BEGINNING
    
AMOUNT
          
ENDING
  
       
TAX
    
WITHHELD AND/
    
AMOUNT
    
TAX
  
FEDERAL
  
LIABILITY*
    
0R ACCRUED
    
PAID
    
LIABILITY
  
 1.  
WITHHOLDING
   $ 0     $ 95,425     $ 95,425     $ 0  
 2.  
FICA-EMPLOYEE
   $ 0     $ 34,350     $ 34,350     $ 0  
 3.  
FICA-EMPLOYER
   $ 13,955     $ 25,609     $ 34,350     $ 5,215  
 4.  
UNEMPLOYMENT
   $ 362     $ 570     $ 869     $ 62  
 5.  
INCOME
   $ 0     $ 0     $ 0     $ 0  
 6.  
OTHER PAYROLL TAXES
   $ 3,264     $ 13,925     $ 15,969     $ 1,220  
 7.  
TOTAL  FEDERAL  TAXES
   $ 17,580     $ 169,879     $ 180,963     $ 6,497  
STATE AND LOCAL
                                
 8.  
WITHHOLDING
   $ 0     $ 3,442     $ 3,442     $ 0  
 9.  
SALES
   $ 614,706     $ 0     $ 614,706     $ 0  
 10.  
EXCISE
   $ 0     $ 0     $ 0     $ 0  
 11.  
UNEMPLOYMENT
   $ 2,078     $ 2,453     $ 4,187     $ 344  
 12.  
OTHER PAYROLL TAXES
   $ 27     $ 421     $ 448     $ 0  
 13.  
REAL  PROPERTY
   $ 59,846     $ 0     $ 0     $ 59,846  
 14  
PERSONAL  PROPERTY
   $ 477,065     $ 0     $ 7,624     $ 469,441  
 15
FRANCHISE
   $ 137,500     $ 0     $ 0     $ 137,500  
 16  
BUSINESS LICENSE TAX
   $ 72,629     $ 0     $ 9,811     $ 62,818  
 17  
TOTAL  STATE  &  LOCAL
   $ 1,363,851     $ 6,316     $ 640,218     $ 729,949  
 18  
TOTAL  TAXES
   $ 1,381,432     $ 176,195     $ 821,181     $ 736,446  

*
The  beginning  tax  liability  should  represent  the  liability  from  the  prior  month  or,  if  this  is  the  first  operating report,  the  amount  should  be  zero.

 
5 of 11
 
 
   
Monthly Operating Report
     
CASE  NAME: The Bombay Company, Inc.
  
ACCRUAL BASIS-5
     
CASE  NUMBER: 07-44084-dml-11
    

The  debtor  in  possession  must  complete  the  reconciliation  below  for  each  bank  account, including  all  general,  payroll  and  tax  accounts, as  well  as  all  savings  and  investment accounts,  money  market  accounts,  certificates  of  deposit,  government obligations, etc. Accounts  with restricted  funds should be identified  by  placing  an  asterisk next to the account  number.  Attach  additional  sheets  if  necessary.


         
MONTH:
                      
February 2008
  
BANK RECONCILIATIONS
                                
         
Account #1
      
Account #2
      
Account #3
          
 A.  
BANK:
                                
 B.  
ACCOUNT  NUMBER:
                            
TOTAL
  
 C.  
PURPOSE  (TYPE):
                                
 1.  
BALANCE  PER  BANK  STATEMENT
         SEE MOR 5 ATTACHMENT (1)  
 2.  
ADD:  TOTAL  DEPOSITS  NOT  CREDITED
                                
 3.  
SUBTRACT:  OUTSTANDING  CHECKS
                                
 4.  
OTHER  RECONCILING  ITEMS
                                
 5.  
MONTH  END  BALANCE  PER  BOOKS
    
$0
      
$0
      
$0
      
$0
  
 6.  
NUMBER  OF  LAST  CHECK  WRITTEN
                                

INVESTMENT ACCOUNTS
                                
                                     
         
DATE OF
      
TYPE OF
      
PURCHASE
      
CURRENT
  
BANK, ACCOUNT NAME & NUMBER
    
PURCHASE
      
INSTRUMENT
      
PRICE
      
VALUE
  
 7.  
NONE
                                
 8.                                    
 9.                                    
 10.                                    
 11.  
TOTAL  INVESTMENTS
                    
$0
      
$0
  

CASH
            
             
 12.  
CURRENCY ON HAND
     $ 0  
               
 13.  
TOTAL  CASH  -  END  OF MONTH
     $ 0  

Note:
[1]
Due to the large number of bank accounts held by the Debtors, bank account reconciliations have not been completed through the end of February 2008.  The Debtors will report February bank reconciliation data in the following monthly operating reporting period.

 
6 of 11
 

The Bombay Company, Inc.
MOR 5 Attachment - Bank Reconciliations
MONTH: February 2008
 
BANK RECONCILIATIONS
  
ACCOUNT # 1
    
ACCOUNT # 2
    
ACCOUNT # 3
    
ACCOUNT # 4
    
STORES
    
CONSOLIDATED
  
A.     BANK:
  
Wells Fargo
    
Wells Fargo
    
Wells Fargo
    
Wells Fargo
    
Various
    
Various
  
B.     ACCOUNT NUMBER:
   412-1166318     412-1166300     960-0058583     960-0058598    
various
    
Various
  
C.     PURPOSE (TYPE):
  
Concentrator
    
Blocked
    
Accounts Payable
    
Payroll
    
Store Deposits
    
Store deposits
  
1.     Balance per bank statement
   $ 52,927.00     $ -     $ -     $ -     $ 16,902.37     $ -  
2.     Add: Total deposits not credited
   $ (300,008.96 )   $ 138.89     $ 28,724.38     $ (177,083.12 )   $ -     $ -  
3.     Subtract: Outstanding checks
                   $ (569,368.36 )   $ (80,643.63 )   $ -     $ -  
4.     Other reconciling items
   $ 5,961,555.20     $ (23,970.21 )   $ 541,452.27     $ 18,134.37     $ 6,422.50     $ (35,701.78 )
5.     Month end balance per books
   $ 5,714,473.24     $ (23,831.32 )   $ 808.29     $ (239,592.38 )   $ 74,214.42     $ 188,521.88  
6.     Number of last check written
                     1177954       609298                  

Store Accounts
  
STORES
                                            
BANK RECONCILIATIONS
  
Store 161
    
Store 162
    
Store 164
    
Store 166
    
Store 167
    
Store 168
    
Store 175
    
Store 188
  
A.     BANK:
  
FROST
    
UNITED CO.
    
NAT. CITY
    
FIDELITY
    
CITIZENS
    
WRENTHAM
    
SECURITY
    
JOHNSON
  
B.     ACCOUNT NUMBER:
  
420000221
    
2036105957
    
389048570
    
168400657
    
6100151980
    
16004061
    
906336
    
1000431649
  
C.     PURPOSE (TYPE):
                                                                
1.     Balance per bank statement
   $ -     $ -     $ 3,778.57     $ 4,236.22     $ -     $ -     $ -     $ -  
2.     Add: Total deposits not credited
                                                                
3.     Subtract: Outstanding checks
                                                                
4.     Other reconciling items
                   $ 4,862.47     $ 21.29                                  
5.     Month end balance per books
   $ 4,126.09     $ 3,455.89     $ 8,641.04     $ 4,257.51     $ -     $ -     $ -     $ -  
6.     Number of last check written
                                                                

Store Accounts
  
STORES
                                            
BANK RECONCILIATIONS
  
Store 189
    
Store 195
    
Store 198
    
Store 210
    
Store 223
    
Store 224
    
Store 265
    
Store 289
  
A.     BANK:
  
REGIONS
    
REGIONS
    
NORTHWAY
    
CHASE
    
IBC
    
Amsouth Bank
    
Chase
    
Fifth Third Bank
  
B.     ACCOUNT NUMBER:
  
6454025679
    
6454025679
    
49505
    
576500454165
    
5558337101
    
18570909
    
Cons.
    
7690895029
  
C.     PURPOSE (TYPE):
                                                              
1.     Balance per bank statement
   $ -     $ -     $ -     $ 2,392.63     $ -     $ -     $ -     $ -  
2.     Add: Total deposits not credited
                                                                
3.     Subtract: Outstanding checks
                                                                
4.     Other reconciling items
                           $ 332.44                                  
5.     Month end balance per books
   $ 4,096.61     $ -     $ 2,062.72     $ 2,725.07     $ 9,406.67     $ 4,721.37     $ 3,924.02     $ -  
6.     Number of last check written
                                                                

Store Accounts
                                                
BANK RECONCILIATIONS
  
Store 298
    
Store 441
    
Store 457
    
Store 488
    
Store 513
    
Store 519
    
Store 520
    
Store 525
  
A.     BANK:
  
Chase
    
Chase
    
West Suburban Bank
    
National City
    
US Bank
    
Security Service Fedeal
    
Bridgehampton National
    
National City
  
B.     ACCOUNT NUMBER:
  
780501387565
    
6106305992
    
2100037129
    
585187138
    
152302951180
    
4317030071
    
100193291
    
705800110
  
C.     PURPOSE (TYPE):
                                                  
CLOSED 9/4/07
          
1.     Balance per bank statement
   $ -     $ -     $ -     $ -     $ -     $ -     $ 4,531.84     $ -  
2.     Add: Total deposits not credited
                                                                
3.     Subtract: Outstanding checks
                                                                
4.     Other reconciling items
                                                   $ 24.00          
5.     Month end balance per books
   $ 2,353.11     $ -     $ 4,042.77     $ -     $ -     $ -     $ 4,555.84     $ -  
6.     Number of last check written
                                                                

Store Accounts
                                                
BANK RECONCILIATIONS
  
Store 528
    
Store 696
    
Store 701
    
Store 704
    
Store 825
    
Store 857
    
Store 861
    
Store 893
  
A.     BANK:
  
Canadaigua National
    
CHASE
    
FIFTH THIRD
    
FIFTH THIRD
    
FIFTH THIRD
    
CITIZENS
          
CITIZENS
  
B.     ACCOUNT NUMBER:
  
950000601
    
995010543265
    
83567335
    
7340323653
    
7020840364
    
6101383222
          
3308589437
  
C.     PURPOSE (TYPE):
                                                              
1.     Balance per bank statement
   $ -     $ -     $ -     $ -     $ -     $ 1,963.11     $ -     $ -  
2.     Add: Total deposits not credited
                                                                
3.     Subtract: Outstanding checks
                                                                
4.     Other reconciling items
                                           $ 1,182.30                  
5.     Month end balance per books
   $ -     $ -     $ -     $ -     $ -     $ 3,145.41     $ 2,136.77     $ 6,498.54  
6.     Number of last check written
                                                                

Store Accounts
                                    
BANK RECONCILIATIONS
  
Store 896
    
DC 901
    
DC 903
    
DC 905
    
DC 907
    
DC 909
  
A.     BANK:
  
CITIZENS
    
STATE NATIONAL
    
MANUFACTURER'S TRUST
    
BOA
    
CITIZEN'S NATIONAL
    
FIFTH THIRD BANK
  
B.     ACCOUNT NUMBER:
  
6101636988
    
101932200
    
78070511
    
3256672959
    
243133165
    
7651702099
  
C.     PURPOSE (TYPE):
                                                
1.     Balance per bank statement
   $ -     $ -     $ -     $ -     $ -     $ -  
2.     Add: Total deposits not credited
                                                
3.     Subtract: Outstanding checks
                                                
4.     Other reconciling items
                                                
5.     Month end balance per books
   $ 4,064.99     $ -     $ -     $ -     $ -     $ -  
6.     Number of last check written
                                                

7 of 11
 
                                       
   
Consolidated Stores
                                  
BANK RECONCILIATIONS
  
ACCOUNT # 1
    
ACCOUNT # 2
    
ACCOUNT # 3
    
ACCOUNT # 4
    
ACCOUNT # 5
      
ACCOUNT #6
        
A.     BANK:
  
Wells Fargo
    
PNC
    
Wachovia
    
Chase
    
Suntrust
      
Bank of America
        
B.     ACCOUNT NUMBER:
  
4944050095
    
3095429814
    
2000013850397
    
1596058972
    
7020723321
                
C.     PURPOSE (TYPE):
  
store deposits
    
store deposits
    
store deposits
    
Store deposits
    
Store deposts
      
Store Deposits
    
TOTAL
  
1.     Balance per bank statement
   $ -       0.00     $ -     $ -     $ -             $ -  
2.     Add: Total deposits not credited
   $ -       0.00     $ -     $ -     $ -             $ -  
3.     Subtract: Outstanding checks
   $ -       0.00     $ -     $ -     $ -             $ -  
4.     Other reconciling items
   $ 9,405.91       0.00     $ (14,851.21 )   $ (28,299.28 )   $ (1,957.20 )           $ (35,701.78 )
5.     Month end balance per books
   $ (9,522.40 )   $ (1,400.00 )   $ 6,931.89     $ 56,550.44     $ 5,835.71      
 $          130,126.24
     $ 188,521.88  
6.     Number of last check written
                                                        

 
8 of 11
 
 
   
Monthly Operating Report
     
CASE  NAME: The Bombay Company, Inc.
  
ACCRUAL BASIS-6
     
CASE  NUMBER: 07-44084-dml-11
    
 
 
MONTH:
  
February 2008
PAYMENTS  TO  INSIDERS  AND  PROFESSIONALS
      
 
OF  THE  TOTAL  DISBURSEMENTS  SHOWN  FOR  THE  MONTH,  LIST  THE  AMOUNT  PAID TO  INSIDERS  (AS  DEFINED  IN  SECTION  101 (31)  (A)-(F)  OF  THE  U.S.  BANKRUPTCY  CODE) AND  TO  PROFESSIONALS.  ALSO,  FOR  PAYMENTS  TO  INSIDERS, IDENTIFY  THE  TYPE  OF COMPENSATION  PAID  (e.g.  SALARY,  BONUS,  COMMISSIONS,  INSURANCE,  HOUSING  ALLOWANCE, TRAVEL,  CAR ALLOWANCE,  ETC.).  ATTACH  ADDITIONAL  SHEETS  IF  NECESSARY.

INSIDERS
  
         
TYPE  OF
    
AMOUNT
    
TOTAL PAID
  
   
         NAME
    
PAYMENT
    
PAID (1)
    
TO DATE
  
 1.  
Elaine D. Crowley
    
Salary
     $ 23,345     $ 139,944  
 2.  
Don Roach
    
Salary
     $ 20,637     $ 123,822  
 3.  
Dave Stewart
    
Salary
     $ 0     $ 88,758  
 4.  
Steve Woodward
    
Salary
     $ 0     $ 18,339  
 5.  
Mike Veitenheimer
    
Salary
     $ 0     $ 87,710  
 6  
Linda Stephenson
    
Salary
     $ 0     $ 85,596  
 7  
Elaine D. Crowley
    
Expense Reimbursement
     $ 122     $ 1,202  
 8  
Don Roach
    
Expense Reimbursement
     $ 120     $ 120  
                             
 9.  
TOTAL  PAYMENTS TO  INSIDERS
           $ 44,224     $ 545,491  

PROFESSIONALS
  
       
DATE OF COURT
                      
TOTAL
  
       
ORDER AUTHORIZING
    
AMOUNT
    
AMOUNT
    
TOTAL PAID
    
INCURRED
  
   
              NAME
  
PAYMENT (2)
    
APPROVED (2)
    
PAID
    
TO DATE
    
& UNPAID *
  
 1.  
Asset Disposition Advisors (1)
    
N/A
       48,512       48,512       592,520       632,846  
 2.  
Baker McKenzie
    
N/A
       -       -       65,848       91,365  
 3.  
Haynes and Boone
    
N/A
       139,015       139,015       786,342       328,007  
 4.  
FTI Consulting, Inc. (1)
    
N/A
       108,382       108,382       986,721       1,520,387  
 5.  
Mesirow Financial
    
N/A
       10,666       10,666       133,759       44,672  
 6  
Cooley Godward Kronish
    
N/A
       124,334       124,334       647,429       330,428  
 7  
Forshey and Prostok
    
N/A
       7,228       7,228       111,227       43,407  
 8  
Financial Dynamics
    
N/A
       -       -       936       46,264  
 9  
Lang Mitchner
    
N/A
       276       276       51,431       42,884  
 10  
Alix Partners (3)
             507,273       507,273       1,169,483       150,000  
 11  
TOTAL  PAYMENTS TO  PROFESSIONALS
           $ 945,686     $ 945,686     $ 4,545,695     $ 3,230,259  

*  INCLUDE  ALL  FEES  INCURRED,  BOTH  APPROVED  AND  UNAPPROVED

POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE
  
PROTECTION PAYMENTS
  
 
                         
         
SCHEDULED
    
AMOUNTS
        
         
MONTHLY
    
PAID
    
TOTAL
  
         
PAYMENTS
    
DURING
    
UNPAID
  
NAME OF CREDITOR
    
DUE
    
MONTH
    
POSTPETITION
  
 1.           -       0       -  
 2  
TOTAL
     $ -     $ 0       -  

Note:
[1]
Professional fees include accrued and unpaid success fees for FTI Consulting, Inc. and Asset Disposition Advisors of $1 million and $500,000, respectively.
[2]
Per the administrative Order Establishing Procedures for Interim Compensation and Reimbursement of Expenses of Professionals and Committee Members (the “Administrative Order”), entered October 17, 2007, professionals may be paid eighty percent (80%) of the fees and one hundred percent (100%) of the out-of-pocket expenses as set forth in the applicable monthly fee statement if no objections are made within ten (10) days after submission.  On March 6 , 2008, an order was entered to approve interim professional fees for the period of September 20, 2008 through December 31, 2008.
[3]
Estimated professional fees for February 2008.

 
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Monthly Operating Report
     
CASE  NAME: The Bombay Company, Inc.
  
ACCRUAL  BASIS-7
     
CASE  NUMBER: 07-44084-dml-11
    
 
 
MONTH:
  
  February 2008

QUESTIONNAIRE
      
       
 
YES
NO
1.
HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE THE NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD?
X [1]
  
2.
HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT OTHER THAN A DEBTOR IN POSSESSION ACCOUNT?
  
X
3.
ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES, OR LOANS) DUE FROM RELATED PARTIES?
X [2]
  
4.
HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES THIS REPORTING PERIOD?
X [3]
  
5.
HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE DEBTOR FROM ANY PARTY?
  
X
6.
ARE ANY POSTPETITION PAYROLL TAXES PAST DUE?
  
X
7.
ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES PAST DUE?
  
X
8.
ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE?
  
X
9.
ARE ANY OTHER POSTPETITION TAXES PAST DUE?
  
X
10.
ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS DELINQUENT?
  
X
11.
HAVE ANY PREPETITION TAXES BEEN PAID DURING THE REPORTING PERIOD?
  
X
12.
ARE ANY WAGE PAYMENTS PAST DUE?
  
X

IF  THE  ANSWER  TO  ANY  OF  THE  ABOVE  QUESTIONS  IS  "YES,"  PROVIDE  A  DETAILED EXPLANATION  OF  EACH  ITEM.  ATTACH  ADDITIONAL  SHEETS  IF  NECESSARY.

[1]
During the reporting period, the Debtors have continued to sell the furniture, fixtures, machinery and equipment and store leases as part of the Debtors' liquidation process approved by the Bankruptcy Court.
[2]
As of the end of the reporting period, intercompany receivables exist with The Bombay Furniture Company of Canada, Inc.
[3]
As authorized by certain first day orders entered by the Bankruptcy Court, the Debtors have made certain permitted payments on pre-petition claims.

 
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Monthly Operating Report
     
CASE  NAME: The Bombay Company, Inc.
  
ACCRUAL  BASIS-7
     
CASE  NUMBER: 07-44084-dml-11
    
 
 
MONTH:
  
  February 2008

QUESTIONNAIRE
      
       
 
INSURANCE
 
    
   
YES
NO
1.
ARE WORKER'S COMPENSATION, GENERAL LIABILITY AND OTHER NECESSARY INSURANCE COVERAGES IN EFFECT?
X
  
2.
ARE ALL PREMIUM PAYMENTS PAID CURRENT?
X
  
3.
PLEASE ITEMIZE POLICIES BELOW.
    

IF  THE  ANSWER  TO  ANY  OF  THE  ABOVE  QUESTIONS  IS  "NO,"  OR  IF  ANY  POLICIES  HAVE  BEEN CANCELLED  OR  NOT  RENEWED  DURING  THIS  REPORTING  PERIOD,  PROVIDE  AN  EXPLANATION BELOW.   ATTACH  ADDITIONAL  SHEETS  IF  NECESSARY.

INSTALLMENT  PAYMENTS
TYPE  OF
          
PAYMENT AMOUNT
POLICY
  
CARRIER
  
PERIOD COVERED
  
& FREQUENCY
General Liability
  
Federal (Chubb)
  
January 31, 2008 through June 30, 2008
  
Annual premium paid to date
Workers Compensation
  
Federal (Chubb)
  
January 31, 2008 through June 30, 2008
  
Annual premium paid to date
Directors & Officers Liability
  
National Union (AIG)
  
July 1,2007 through June 30, 2008
  
Annual premium paid to date
Fiduciary Liability
  
National Union (AIG)
  
July 1,2007 through June 30, 2008
  
Annual premium paid to date
Employee Dishonesty
  
National Union (AIG)
  
July 1,2007 through June 30, 2008
  
Annual premium paid to date
Travel & Accident
  
Federal (Chubb)
  
July 1,2007 through June 30, 2008
  
Annual premium paid to date
Other Crime (K&R)
  
National Union (AIG)
  
July 1,2007 through June 30, 2008
  
Annual premium paid to date

 
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