ATTACH ADDITIONAL SHEETS IF NECESSARY. INSIDERS ---------------------------------------------------------------------------- TYPE OF AMOUNT TOTAL PAID NAME PAYMENT PAID TO DATE 1. Ames Energy Company Schedule 10 $3,000 ---------------------------------------------------------------------------- 2. John Y Ames Schedule 10 $1,350 $165,000 ---------------------------------------------------------------------------- 3. Terry Hardeman Schedule 10 $5,400 $100,000 ---------------------------------------------------------------------------- 4. E L Ames, Jr Schedule 10 $791 $22,307 ---------------------------------------------------------------------------- 5. ---------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO INSIDERS $7,541 $292,501 ---------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------- PROFESSIONALS --------------------------------------------------------------------------------------------------------- DATE OF COURT ORDER TOTAL AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED NAME PAYMENT APPROVED PAID TO DATE & UNPAID* --------------------------------------------------------------------------------------------------------- 1. Ed Birkelo 4/22/2003 $43,850 --------------------------------------------------------------------------------------------------------- 2. Larry Bennett 4/22/2003 $29,700 --------------------------------------------------------------------------------------------------------- 3. Gloria Barrett 4/22/2003 $2,000 $07,590 --------------------------------------------------------------------------------------------------------- 4. Alan Bailey 4/22/2003 $10,615 --------------------------------------------------------------------------------------------------------- 5. Bonnie Weise 4/22/2003 $17,080 --------------------------------------------------------------------------------------------------------- 6. Tom Ewing 4/22/2003 $17,080 --------------------------------------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO PROFESSIONALS $2,892 $175,915 $0 --------------------------------------------------------------------------------------------------------- * INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED ------------------------------------------------------------------------------------------- POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS ------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------- NAME OF CREDITOR SCHEDULED AMOUNTS MONTHLY PAID TOTAL PAYMENTS DURING UNPAID DUE MONTH POSTPETITION ------------------------------------------------------------------------------------------- 1. GMAC $791 $791 $0 ------------------------------------------------------------------------------------------- 2. $0 ------------------------------------------------------------------------------------------- 3. $0 ------------------------------------------------------------------------------------------- 4. $0 ------------------------------------------------------------------------------------------- 5. $0 ------------------------------------------------------------------------------------------- 6. TOTAL $791 $791 $0 ------------------------------------------------------------------------------------------- ---------------------------------------------------------- CASE NAME: Venus Exploration, Inc ACCRUAL BASIS-7 ---------------------------------------------------------- ---------------- CASE NUMBER: 02-13109-BP-11 7/20/04 ---------------------------------------------------------- MONTH: June, 2004 --------------
Appears in 1 contract
Samples: Venus Exploration Inc
ATTACH ADDITIONAL SHEETS IF NECESSARY. INSIDERS ---------------------------------------------------------------------------- --------------------------------------------------------------------------------------------- TYPE OF AMOUNT TOTAL PAID NAME PAYMENT PAID TO DATE -------------------------------------------------------------------------------------------- 1. Ames Energy Company Schedule 10 Xxxx Xxxxxxxxx Xxxxxx $3,000 ---------------------------------------------------------------------------- 0 $17,200 -------------------------------------------------------------------------------------------- 2. John Y Ames Schedule 10 Xxx Xxxxxx Salary $1,350 0 $165,000 ---------------------------------------------------------------------------- 17,200 -------------------------------------------------------------------------------------------- 3. Terry Hardeman Schedule 10 $5,400 $100,000 ---------------------------------------------------------------------------- N/A -------------------------------------------------------------------------------------------- 4. E L Ames, Jr Schedule 10 $791 $22,307 ---------------------------------------------------------------------------- N/A -------------------------------------------------------------------------------------------- 5. ---------------------------------------------------------------------------- N/A -------------------------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO INSIDERS $7,541 0 $292,501 ---------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------- 34,400 -------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- PROFESSIONALS --------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- DATE OF COURT TOTAL ORDER TOTAL AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED NAME PAYMENT APPROVED PAID TO DATE & UNPAIDUNPAID * --------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- 1. Ed Birkelo 4/22/2003 $43,850 --------------------------------------------------------------------------------------------------------- N/A ---------------------------------------------------------------------------------------------------------------------------------- 2. Larry Bennett 4/22/2003 $29,700 --------------------------------------------------------------------------------------------------------- N/A ---------------------------------------------------------------------------------------------------------------------------------- 3. Gloria Barrett 4/22/2003 $2,000 $07,590 --------------------------------------------------------------------------------------------------------- N/A ---------------------------------------------------------------------------------------------------------------------------------- 4. Alan Bailey 4/22/2003 $10,615 --------------------------------------------------------------------------------------------------------- N/A ---------------------------------------------------------------------------------------------------------------------------------- 5. Bonnie Weise 4/22/2003 $17,080 --------------------------------------------------------------------------------------------------------- 6. Tom Ewing 4/22/2003 $17,080 --------------------------------------------------------------------------------------------------------- N/A ---------------------------------------------------------------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO PROFESSIONALS $2,892 $175,915 0 $0 --------------------------------------------------------------------------------------------------------- $0 $0 ------------------------------------------------------------------------------------------------------------------------------------ * INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED ------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS ------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------- NAME OF CREDITOR ----------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- SCHEDULED AMOUNTS MONTHLY PAID TOTAL PAYMENTS DURING UNPAID NAME OF CREDITOR DUE MONTH POSTPETITION ------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- 1. GMAC $791 $791 $GE Capital $ 855 $ 855 $ 0 ------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- 2. GE Capital $ 784 $ 784 $0 ------------------------------------------------------------------------------------------- 784 ----------------------------------------------------------------------------------------------------------------------- 3. $GE Capital varies $ 0 ------------------------------------------------------------------------------------------- $ 0 ----------------------------------------------------------------------------------------------------------------------- 4. $N/A $ 0 ------------------------------------------------------------------------------------------- $ 0 ----------------------------------------------------------------------------------------------------------------------- 5. $N/A $ 0 ------------------------------------------------------------------------------------------- 6. ----------------------------------------------------------------------------------------------------------------------- 6 TOTAL $791 1,639 $791 1,639 $0 ------------------------------------------------------------------------------------------- ---------------------------------------------------------- 784 ----------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ Monthly Operating Report --------------------------------------------- CASE NAME: Venus ExplorationKitty Hawk International, Inc Inc. ACCRUAL BASIS-7 ---------------------------------------------------------- ---------------- --------------------------------------------- --------------------------------------------- CASE NUMBER: 02400-13109-BP-11 7/20/04 ---------------------------------------------------------- 42144 02/13/95, RWD, 2/96 --------------------------------------------- MONTH: JuneMay 2001 -------------------- --------------------------------------- QUESTIONNAIRE -------------------------------------------------------------------------------------------------------------------------- YES NO -------------------------------------------------------------------------------------------------------------------------- 1. HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE THE NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD? X -------------------------------------------------------------------------------------------------------------------------- 2. HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT OTHER THAN A DEBTOR IN POSSESSION ACCOUNT? X -------------------------------------------------------------------------------------------------------------------------- 3. ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, 2004 --------------NOTES, OR LOANS) DUE FROM RELATED PARTIES? X -------------------------------------------------------------------------------------------------------------------------- 4. HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES THIS REPORTING PERIOD? X -------------------------------------------------------------------------------------------------------------------------- 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. Item 10 - there are equipment lease payments due 5/00 and 6/00 still outstanding. These will be settled upon acceptance/rejection of leases. --------------------------------------------------------------------------------------------------------------------------
Appears in 1 contract
Samples: Kitty Hawk Inc
ATTACH ADDITIONAL SHEETS IF NECESSARY. INSIDERS ---------------------------------------------------------------------------- --------------------------------------------------------------------- TYPE OF AMOUNT TOTAL PAID NAME PAYMENT PAID TO DATE 1. Ames Energy Company Schedule 10 Consulting Fee $3,000 ---------------------------------------------------------------------------- 3,638 --------------------------------------------------------------------- 2. John Y Ames Schedule 10 Consulting Fee $1,350 $165,000 ---------------------------------------------------------------------------- 6,755 --------------------------------------------------------------------- Terry Hardeman Consulting 3. Terry Hardeman Schedule 10 Xxx $5,400 7,575 $100,000 ---------------------------------------------------------------------------- 13,485 --------------------------------------------------------------------- 4. E L Ames, Jr Schedule 10 $791 $22,307 ---------------------------------------------------------------------------- --------------------------------------------------------------------- 5. ---------------------------------------------------------------------------- --------------------------------------------------------------------- 6. TOTAL PAYMENTS TO INSIDERS $7,541 7,575 $292,501 ---------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------- 23,878 --------------------------------------------------------------------- ------------------------------------------------------------------------------------------------ PROFESSIONALS --------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------ DATE OF COURT TOTAL ORDER TOTAL AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED NAME PAYMENT APPROVED PAID TO DATE & UNPAIDUNPAID * --------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------- 1. Ed Birkelo 4/22/2003 $43,850 --------------------------------------------------------------------------------------------------------- 3,950 $0,000 $1,200 ------------------------------------------------------------------------------------------------ 2. Larry Bennett 4/22/2003 $29,700 --------------------------------------------------------------------------------------------------------- 3,240 $0,000 $810 ------------------------------------------------------------------------------------------------ 3. Gloria Barrett 4/22/2003 $2,000 1,765 $07,590 --------------------------------------------------------------------------------------------------------- 0,000 $3,062 ------------------------------------------------------------------------------------------------ 4. Alan Bailey 4/22/2003 $10,615 --------------------------------------------------------------------------------------------------------- 1,980 $0,000 $660 ------------------------------------------------------------------------------------------------ 5. Bonnie Weise 4/22/2003 $17,080 --------------------------------------------------------------------------------------------------------- 6. Tom Ewing 4/22/2003 $17,080 --------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------ 6. TOTAL PAYMENTS TO PROFESSIONALS $2,892 10,935 $175,915 24,491 $0 --------------------------------------------------------------------------------------------------------- 5,732 ------------------------------------------------------------------------------------------------ * INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED ------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------ POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS ------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------- NAME OF CREDITOR SCHEDULED AMOUNTS MONTHLY PAID TOTAL PAYMENTS DURING UNPAID DUE MONTH POSTPETITION ------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------- 1. GMAC Frost Bank $791 7,552 $791 7,552 $0 ------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------- 2. North Frost Center $4,000 $4,000 $0 ------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------- 3. Alamo Leasing $4,086 $4,086 $0 ------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------- 4. Manifest Funding $1,596 $3,192 $0 ------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------- 5. GE Capital $305 $305 $0 ------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------- 6. TOTAL $791 17,539 $791 19,135 $0 ------------------------------------------------------------------------------------------- ---------------------------------------------------------- ---------------------------------------------------------------------------------------- --------------------------------------------------------------------- CASE NAME: Venus Exploration, Inc ACCRUAL BASIS-7 ---------------------------------------------------------- ---------------- --------------------------------------------------------------------- --------------------------------------------------------------------- CASE NUMBER: 02-13109-BP-11 7/20/04 ---------------------------------------------------------- 5/20/03 --------------------------------------------------------------------- MONTH: JuneApril, 2004 --------------2003 ------------------------ ---------------------------------------------- QUESTIONNAIRE ---------------------------------------------------------------------------------------------------------------- YES NO ---------------------------------------------------------------------------------------------------------------- 1. HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE THE NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD? X ---------------------------------------------------------------------------------------------------------------- 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 ---------------------------------------------------------------------------------------------------------------- 4. HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES THIS REPORTING Schedule 9 X PERIOD? ---------------------------------------------------------------------------------------------------------------- 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. --------------------------------------------------------------------- ------------------------------------------------------------- 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 AMT POLICY CARRIER PERIOD COVERED & FREQUENCY -------------------------------------------------------------------------------------------------------- Crime Policy Hartford Causality 7/1/00 - 6/30/03 Paid Up -------------------------------------------------------------------------------------------------------- Directors and Officers Liability XL Specialty Insurance Co 5/21/02 - 5/21/03 Paid Up -------------------------------------------------------------------------------------------------------- Commercial Fire Central Insurance Co 10/1/02 - 9/30/03 Paid Up -------------------------------------------------------------------------------------------------------- Control of Well St Paul Surplus Line Ins Co 8/1/02 - 7/31/03 5064.84 / Month -------------------------------------------------------------------------------------------------------- Umbrella St Paul Surplus Line Ins Co 8/1/02 - 7/31/03 Incld in above -------------------------------------------------------------------------------------------------------- Workman Compensation Texas Mutual 6/00/00 - 5/31/03 Paid Up -------------------------------------------------------------------------------------------------------- Auto Central Mutual Insurance Co 10/1/02 - 9/30/03 621.73 / Month -------------------------------------------------------------------------------------------------------- Note 1 ------ An involuntary petition of bankruptcy was filed against Venus Exploration, Inc on October 9, 2002 and Venus' response to such petition was filed October 31, 2002. Venus subsequently filed a "Notice of Consent to Entry of Order of Relief" on February 26, 2003. On February 27, 2003 the Court entered an order for relief under Chapter 11 of the Bankruptcy Code. The March report covers the period of February 28, 2003 through March 31, 2003. Note 2 ------ Venus maintains it books and accounting records on the accrual method of accounting, and accordingly recognizes income in the month oil and gas is produced. The income is not reported to Venus and payment is not received for two months after production. As of the date of this report, the production for April was not known. We, therefore, accrued an estimated amount of income based on historical production. Also, all expense amounts for well operations were not available at the time of this report and certain estimates were made. Schedule 1 ---------- Deferred Loan Costs 151,857.65 Amortization of Loan Costs (139,167.65) Utility Deposit 6,545.00 ------------- 19,235.00 ------------- Schedule 2 ---------- Rent Deposit 20,477.92 Deferred Federal Income Tax 1,475.00 Obligations Under Capital Lease 21,536.21 ------------- 43,489.13 ------------- Schedule 3 ---------- Production Taxes 12,156.61 Lease Operating Expense 47,109.75 Geological and Geophysical 35,049.82 Abandonment Costs 0.00 ------------- 94,316.18 ------------- Schedule 4 ---------- Income Recognized From Closing Bank Accounts 244.04 Income from License Agreement 15,000.00 Recovery of Accruals 2,938.00 Interest Income 3,732.49 ------------- 21,914.53 ------------- Schedule 5 ---------- As stated in Note 2, Venus maintains its books and records on the accrual method of accounting. As such, each expense is charged to its proper account as it is incurred, and payment is made when such payment is due. The amount shown on Line 25 is the total amount paid during April, except payroll and taxes which are shown on Lines 12 and 13. Schedule 6 ---------- The bank account reconciliations shown are the Debtor in Possession accounts. Venus is in the process of closing its old bank accounts. The amount shown, $849.05, is the balance of the old accounts. Schedule 7 ---------- Payroll taxes are paid by payroll preparation company, ADP. Schedule 8 ---------- Delay Rental Collected from Partner 25,930.08 Closing Bank Accounts 244.04 Retainer Refund 6,980.68 Expense Reimbursement 11,632.34 Void Checks 320.39 Amount Received in Error 242.76 -------------------- 45,350.29 -------------------- Schedule 9 Secured creditors were paid $14,011.34.
Appears in 1 contract
Samples: Venus Exploration Inc
ATTACH ADDITIONAL SHEETS IF NECESSARY. INSIDERS ---------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------- TYPE OF AMOUNT TOTAL PAID NAME PAYMENT PAID TO DATE ------------------------------------------------------------------------------------------------- 1. Ames Energy Company Schedule 10 $3,000 ---------------------------------------------------------------------------- N/A ------------------------------------------------------------------------------------------------- 2. John Y Ames Schedule 10 $1,350 $165,000 ---------------------------------------------------------------------------- N/A ------------------------------------------------------------------------------------------------- 3. Terry Hardeman Schedule 10 $5,400 $100,000 ---------------------------------------------------------------------------- N/A ------------------------------------------------------------------------------------------------- 4. E L Ames, Jr Schedule 10 $791 $22,307 ---------------------------------------------------------------------------- N/A ------------------------------------------------------------------------------------------------- 5. ---------------------------------------------------------------------------- N/A ------------------------------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO INSIDERS $7,541 0 $292,501 ---------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------- 0 ------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- PROFESSIONALS --------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- DATE OF COURT TOTAL ORDER TOTAL AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED NAME PAYMENT APPROVED PAID TO DATE & UNPAIDUNPAID * --------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- 1. Ed Birkelo 4/22/2003 $43,850 --------------------------------------------------------------------------------------------------------- N/A ------------------------------------------------------------------------------------------------------------------- 2. Larry Bennett 4/22/2003 $29,700 --------------------------------------------------------------------------------------------------------- N/A ------------------------------------------------------------------------------------------------------------------- 3. Gloria Barrett 4/22/2003 $2,000 $07,590 --------------------------------------------------------------------------------------------------------- N/A ------------------------------------------------------------------------------------------------------------------- 4. Alan Bailey 4/22/2003 $10,615 --------------------------------------------------------------------------------------------------------- N/A ------------------------------------------------------------------------------------------------------------------- 5. Bonnie Weise 4/22/2003 $17,080 --------------------------------------------------------------------------------------------------------- 6. Tom Ewing 4/22/2003 $17,080 --------------------------------------------------------------------------------------------------------- N/A ------------------------------------------------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO PROFESSIONALS $2,892 $175,915 0 $0 --------------------------------------------------------------------------------------------------------- $0 $0 ------------------------------------------------------------------------------------------------------------------- * INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED ------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS ------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------- NAME OF CREDITOR --------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------- SCHEDULED AMOUNTS MONTHLY PAID TOTAL PAYMENTS DURING UNPAID NAME OF CREDITOR DUE MONTH POSTPETITION ------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------- 1. GMAC $791 $791 $0 ------------------------------------------------------------------------------------------- N/A --------------------------------------------------------------------------------------------------------------------- 2. $0 ------------------------------------------------------------------------------------------- N/A --------------------------------------------------------------------------------------------------------------------- 3. $0 ------------------------------------------------------------------------------------------- N/A --------------------------------------------------------------------------------------------------------------------- 4. $0 ------------------------------------------------------------------------------------------- N/A --------------------------------------------------------------------------------------------------------------------- 5. $0 ------------------------------------------------------------------------------------------- N/A --------------------------------------------------------------------------------------------------------------------- 6. TOTAL $791 $791 0 $0 ------------------------------------------------------------------------------------------- ---------------------------------------------------------- $0 --------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- MONTHLY OPERATING REPORT -------------------------------------------------------------------- CASE NAME: Venus ExplorationFLIGHT ONE LOGISTICS, Inc INC. ACCRUAL BASIS-7 ---------------------------------------------------------- ---------------- -------------------------------------------------------------------- -------------------------------------------------------------------- CASE NUMBER: 02400-1310942069-BP-11 7/20/04 ---------------------------------------------------------- MONTH: JuneBJH 02/13/95, 2004 --------------RWD, 2/96 --------------------------------------------------------------------
Appears in 1 contract
Samples: Exhibit 99 (Kitty Hawk Inc)
ATTACH ADDITIONAL SHEETS IF NECESSARY. INSIDERS ---------------------------------------------------------------------------- --------------------------------------------------------------------- TYPE OF AMOUNT TOTAL PAID NAME PAYMENT PAID TO DATE 1. Ames Energy Company Schedule 10 $3,000 ---------------------------------------------------------------------------- 3,638 --------------------------------------------------------------------- 2. John Y Ames Schedule 10 $1,350 8,772 $165,000 ---------------------------------------------------------------------------- 108,564 --------------------------------------------------------------------- 3. Terry Hardeman Schedule 10 $5,400 6,645 $100,000 ---------------------------------------------------------------------------- 60,691 --------------------------------------------------------------------- 4. E L Ames, Jr Schedule 10 $791 1,444 $22,307 ---------------------------------------------------------------------------- 14,669 --------------------------------------------------------------------- 5. ---------------------------------------------------------------------------- --------------------------------------------------------------------- 6. TOTAL PAYMENTS TO INSIDERS $7,541 16,861 $292,501 ---------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------- 187,562 --------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------ PROFESSIONALS --------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------ DATE OF COURT TOTAL ORDER TOTAL AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED AUTHORIZING NAME PAYMENT APPROVED PAID TO DATE & UNPAIDUNPAID * --------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------ 1. Ed Birkelo 4/22/2003 $43,850 --------------------------------------------------------------------------------------------------------- 2,150 $28,900 $900 ------------------------------------------------------------------------------------------------------------ 2. Larry Bennett 4/22/2003 $29,700 --------------------------------------------------------------------------------------------------------- 00,700 ------------------------------------------------------------------------------------------------------------ 3. Gloria Barrett 4/22/2003 $2,000 3,075 $07,590 --------------------------------------------------------------------------------------------------------- 00,647 ------------------------------------------------------------------------------------------------------------ 4. Alan Bailey 4/22/2003 $10,615 --------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------ 5. Bonnie Weise 4/22/2003 $17,080 --------------------------------------------------------------------------------------------------------- 6. Tom Ewing 4/22/2003 $17,080 --------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------ 6. TOTAL PAYMENTS TO PROFESSIONALS $2,892 5,225 $175,915 103,862 $0 --------------------------------------------------------------------------------------------------------- 900 ------------------------------------------------------------------------------------------------------------ * INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED ------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS ------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- NAME OF CREDITOR SCHEDULED AMOUNTS MONTHLY PAID TOTAL PAYMENTS DURING UNPAID DUE MONTH POSTPETITION ------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- 1. GMAC Frost Bank - Schedule 11 $791 7,789 $791 7,789 $0 ------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- 2. North Frost Center $4,000 $4,000 $0 ------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- 3. Alamo Leasing $1,963 $1,963 $0 ------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- 4. Manifest Funding $1,596 $1,596 $0 ------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- 5. GE Capital $279 $279 $0 ------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- 6. TOTAL $791 15,627 $791 15,627 $0 ------------------------------------------------------------------------------------------- ---------------------------------------------------------- CASE NAME: Venus Exploration, Inc ACCRUAL BASIS-7 ---------------------------------------------------------- ---------------- CASE NUMBER: 02-13109-BP-11 7/20/04 ---------------------------------------------------------- MONTH: June, 2004 ----------------------------------------------------------------------------------------------------
Appears in 1 contract
Samples: Venus Exploration Inc
ATTACH ADDITIONAL SHEETS IF NECESSARY. INSIDERS ---------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------ TYPE OF AMOUNT TOTAL PAID NAME PAYMENT PAID TO DATE ------------------------------------------------------------------------------------------------------ 1. Ames Energy Company Schedule 10 Xxxxx Xxxxxxx Salary $3,000 ---------------------------------------------------------------------------- 31,667 $154,582 ------------------------------------------------------------------------------------------------------ 2. John Y Ames Schedule 10 Xxxxx Xxxxx Salary $1,350 26,667 $165,000 ---------------------------------------------------------------------------- 118,332 ------------------------------------------------------------------------------------------------------ 3. Terry Hardeman Schedule 10 Xxxxx Xxxxxx Salary $5,400 0 $100,000 ---------------------------------------------------------------------------- 41,667 ------------------------------------------------------------------------------------------------------ 4. E L Ames, Jr Schedule 10 $791 $22,307 ---------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------ 5. ---------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------ 6. TOTAL PAYMENTS TO INSIDERS $7,541 58,334 $292,501 ---------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------- 314,581 ------------------------------------------------------------------------------------------------------ ----------------------------------------------------------------------------------------------------------------------- PROFESSIONALS --------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- DATE OF COURT TOTAL ORDER TOTAL AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED NAME PAYMENT APPROVED PAID TO DATE & UNPAIDUNPAID * --------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- 1. Ed Birkelo 4/22/2003 $43,850 --------------------------------------------------------------------------------------------------------- SEE KITTY HAWK, INC. MOR - CASE# 400-42141-BJH-11 ----------------------------------------------------------------------------------------------------------------------- 2. Larry Bennett 4/22/2003 $29,700 --------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- 3. Gloria Barrett 4/22/2003 $2,000 $07,590 --------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- 4. Alan Bailey 4/22/2003 $10,615 --------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- 5. Bonnie Weise 4/22/2003 $17,080 --------------------------------------------------------------------------------------------------------- 6. Tom Ewing 4/22/2003 $17,080 --------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO PROFESSIONALS $2,892 $175,915 0 $0 --------------------------------------------------------------------------------------------------------- $0 $0 ----------------------------------------------------------------------------------------------------------------------- * INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED ------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS ------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------- NAME OF CREDITOR ----------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------- SCHEDULED AMOUNTS MONTHLY PAID TOTAL PAYMENTS DURING UNPAID NAME OF CREDITOR DUE MONTH POSTPETITION ------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------- 1. GMAC PEGASUS $791 403,000 $791 403,000 $0 ------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------- 2. REPUBLIC $269,166 $269,166 $0 ------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------- 3. PROVIDENT $125,000 $125,000 $0 ------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------- 4. COAST BUSINESS $262,000 $262,000 $0 ------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------- 5. XXXXX FARGO $0 ------------------------------------------------------------------------------------------- $0 $0 --------------------------------------------------------------------------------------------------------------------------- 6. TOTAL $791 1,059,166 $791 1,059,166 $0 ------------------------------------------------------------------------------------------- ---------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------- =================================================================================================================================== ---------------------------------------------------------------------------------------------------------------------------------- MONTHLY OPERATING REPORT ----------------------------------------------------------------- CASE NAME: Venus ExplorationKITTY HAWK AIRCARGO, Inc INC. ACCRUAL BASIS-7 ---------------------------------------------------------- ---------------- ----------------------------------------------------------------- ----------------------------------------------------------------- CASE NUMBER: 02400-1310942142-BP-11 7/20/04 ---------------------------------------------------------- BJH-11 02/13/95, RWD, 2/96 ----------------------------------------------------------------- MONTH: JuneJANUARY, 2004 --------------2001 --------------------- -------------------------------------------------- QUESTIONNAIRE --------------------------------------------------------------------------------------------------------------------------- YES NO --------------------------------------------------------------------------------------------------------------------------- 1. HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE X THE NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD? --------------------------------------------------------------------------------------------------------------------------- 2. HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT X OTHER THAN A DEBTOR IN POSSESSION ACCOUNT? --------------------------------------------------------------------------------------------------------------------------- 3. ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES, OR X LOANS) DUE FROM RELATED PARTIES? --------------------------------------------------------------------------------------------------------------------------- 4. HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES X THIS REPORTING PERIOD? --------------------------------------------------------------------------------------------------------------------------- 5. HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE X DEBTOR FROM ANY PARTY? --------------------------------------------------------------------------------------------------------------------------- 6. ARE ANY POSTPETITION PAYROLL TAXES PAST DUE? X --------------------------------------------------------------------------------------------------------------------------- 7. ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES X PAST DUE? --------------------------------------------------------------------------------------------------------------------------- 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 X DELINQUENT? --------------------------------------------------------------------------------------------------------------------------- 11. HAVE ANY PREPETITION TAXES BEEN PAID DURING THE X REPORTING PERIOD? --------------------------------------------------------------------------------------------------------------------------- 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.
Appears in 1 contract
Samples: Kitty Hawk Inc
ATTACH ADDITIONAL SHEETS IF NECESSARY. INSIDERS ---------------------------------------------------------------------------- -------------------------------------------------------------------------- TYPE OF AMOUNT TOTAL PAID NAME PAYMENT PAID TO DATE -------------------------------------------------------------------------- 1. Ames Energy Company Schedule 10 Xxxx Xxxxxxxxx Xxxxxx $3,000 ---------------------------------------------------------------------------- 0 $17,200 -------------------------------------------------------------------------- 2. John Y Ames Schedule 10 Xxx Xxxxxx Salary $1,350 0 $165,000 ---------------------------------------------------------------------------- 17,200 -------------------------------------------------------------------------- 3. Terry Hardeman Schedule 10 $5,400 $100,000 ---------------------------------------------------------------------------- N/A -------------------------------------------------------------------------- 4. E L Ames, Jr Schedule 10 $791 $22,307 ---------------------------------------------------------------------------- N/A -------------------------------------------------------------------------- 5. ---------------------------------------------------------------------------- N/A -------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO INSIDERS $7,541 0 $292,501 ---------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------- 34,400 -------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- PROFESSIONALS --------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- DATE OF COURT TOTAL ORDER TOTAL AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED NAME PAYMENT APPROVED PAID TO DATE & UNPAID* --------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- 1. Ed Birkelo 4/22/2003 $43,850 --------------------------------------------------------------------------------------------------------- N/A -------------------------------------------------------------------------------------------------------- 2. Larry Bennett 4/22/2003 $29,700 --------------------------------------------------------------------------------------------------------- N/A -------------------------------------------------------------------------------------------------------- 3. Gloria Barrett 4/22/2003 $2,000 $07,590 --------------------------------------------------------------------------------------------------------- N/A -------------------------------------------------------------------------------------------------------- 4. Alan Bailey 4/22/2003 $10,615 --------------------------------------------------------------------------------------------------------- N/A -------------------------------------------------------------------------------------------------------- 5. Bonnie Weise 4/22/2003 $17,080 --------------------------------------------------------------------------------------------------------- 6. Tom Ewing 4/22/2003 $17,080 --------------------------------------------------------------------------------------------------------- N/A -------------------------------------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO PROFESSIONALS $2,892 $175,915 0 $0 --------------------------------------------------------------------------------------------------------- $0 $0 -------------------------------------------------------------------------------------------------------- * INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED ------------------------------------------------------------------------------------------- ----------------------------------------------------------------- POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS ----------------------------------------------------------------- ------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------- NAME OF CREDITOR SCHEDULED AMOUNTS MONTHLY PAID TOTAL PAYMENTS DURING UNPAID NAME OF CREDITOR DUE MONTH POSTPETITION ------------------------------------------------------------------------------------------- 1. GMAC $791 $791 GE Capital $ 855 $ 855 $0 ------------------------------------------------------------------------------------------- 2. GE Capital $ 784 $ 784 $0 ------------------------------------------------------------------------------------------- 3. GE Capital varies $ 0 $0 ------------------------------------------------------------------------------------------- 4. N/A $ 0 $0 ------------------------------------------------------------------------------------------- 5. N/A $0 ------------------------------------------------------------------------------------------- 6. 6 TOTAL $791 1,639 $791 1,639 $0 ------------------------------------------------------------------------------------------- ---------------------------------------------------------- -------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------ Monthly Operating Report ------------------------------------------------ CASE NAME: Venus ExplorationKitty Hawk International, Inc Inc. ACCRUAL BASIS-7 ---------------------------------------------------------- ---------------- ------------------------------------------------ ------------------------------------------------ CASE NUMBER: 02400-13109-BP-11 7/20/04 ---------------------------------------------------------- 42144 02/13/95, RWD, 2/96 ------------------------------------------------ MONTH: JuneNovember 2001 ------------------------- ------------------------------ QUESTIONNAIRE ---------------------------------------------------------------------------------------------- YES NO ---------------------------------------------------------------------------------------------- 1. HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE THE NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD? X ---------------------------------------------------------------------------------------------- 2. HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT OTHER THAN A DEBTOR IN POSSESSION ACCOUNT? X ---------------------------------------------------------------------------------------------- 3. ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, 2004 --------------NOTES, OR LOANS) DUE FROM RELATED PARTIES? X ---------------------------------------------------------------------------------------------- 4. HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES THIS REPORTING PERIOD? X ---------------------------------------------------------------------------------------------- 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. Item 10 - there are equipment lease payments due 5/00 and 6/00 still outstanding. These will be settled upon acceptance/rejection of leases. Item 4 - Payments made to GE Capital as equipment is in use by other Kitty Hawk entities. Additionally, a $12,000,000 disbursement was made out of the restricted cash account by the trustee for the bondholders. These funds were applied to the outstanding Senior Secured Debt on the books of Kitty Hawk Inc. - case number 400-42141. The company currently has no control over these funds. -------------------------------------------------------------------------------- ------------------------------ 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 ---------------------------------------------------------------------------------------------- See Kitty Hawk, Inc. Case #400-42141 ---------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------ ----------------------------------------------------------- CASE NAME: Kitty Hawk International, Inc. FOOTNOTES SUPPLEMENT ----------------------------------------------------------- ----------------------------------------------------------- CASE NUMBER: 400-42144 ACCRUAL BASIS ----------------------------------------------------------- MONTH: November 2001 ------------------------------- -------------------------------------------------------------------------------------------------------------------------------- ACCRUAL BASIS FORM NUMBER LINE NUMBER FOOTNOTE / EXPLANATION -------------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------------- 6 All Professional fees related to the Reorganization of the -------------------------------------------------------------------------------------------------------------------------------- Company are disbursed out of Kitty Hawk, Inc. (Parent -------------------------------------------------------------------------------------------------------------------------------- Company). Refer to Case # 400-42141 -------------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------------- 7 All insurance plans related to the Company are carried -------------------------------------------------------------------------------------------------------------------------------- at Kitty Hawk, Inc. (Parent Company). Refer to Case # -------------------------------------------------------------------------------------------------------------------------------- 400-42141. -------------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------------- General This operation closed in May of 2000. Costs incurred during -------------------------------------------------------------------------------------------------------------------------------- April 2001 consisted of costs associated with shut down -------------------------------------------------------------------------------------------------------------------------------- procedures and maintaining collateral. -------------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------------- 3 8 All cash received into the Company cash accounts is swept -------------------------------------------------------------------------------------------------------------------------------- each night to Kitty Hawk, Inc. Master Account (see Case -------------------------------------------------------------------------------------------------------------------------------- #400-42141). --------------------------------------------------------------------------------------------------------------------------------
Appears in 1 contract
Samples: Exhibit 99 (Kitty Hawk Inc)
