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UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF KANSAS
IN RE: NEW YORK BAGEL
CASE NO. 00-10275
DEBTOR(S) CHAPTER 11
MONTHLY REPORT
FOR THE MONTH OF MAY, 2000
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CASE NAME: NEW YORK BAGEL ENTERPRISES, INC.
CASE NO. 00-10275
CHAPTER 11
MONTHLY REPORTING AFFIDAVIT
FOR THE MONTH ENDING MAY 24, 2000
1 PROVIDE THE FOLLOWING INFORMATION REGARDING SALARIES/WAGES
PAID/DUE.
GROSS AMOUNT OF EXECUTIVE SALARIES PAID 9,230.76
NAME TITLE
RICHARD R WEBB C F O 9,230.76
GROSS AMOUNT OF OTHER WAGES PAID 285,065.21
WERE ANY WAGES/ SALARIES DUE BUT NOT PAID FOR THIS CURRRENT
MONTH? YES NO X . IF YES, PROVIDE THE EMPLOYEE'S NAME
AND TITLE AND AMOUNT DUE.
2 PROVIDE THE FOLLOWING INFORMATION REGARDING TAXES PAID/DUE.
ARE ALL POST-PETITION FEDERAL AND STATE TAXES PAID OR DEPOSITED
FOR THE PERIOD? YES NO X
PROVIDE DOLLAR DETAIL OF TAXES FOR THIS PERIOD.
AMOUNT DUE TAXES PAID
TYPE OF TAX FOR MONTH DURING MONTH
CK # DATE AMOUNT
FEDERAL WITHHOLDING 5074 MAY 16, 2000 22,592
FICE WITHHOLDING 45,226.0 WIRE XFR MAY 30, 2000 22,633
EMPLOYER'S FICA
STATE WITHHOLDING NONE PAID AS OF MAY 24, 2000
SALES TAX NON PAID AS OF MAY 24, 2000
OTHER TAXES
ATTACH PHOTOCOPIES OF IRS FORM 6123 AND SIMILAR RECEIPT FROM THE STATE
TAXING AUTHORITY TO VERIFY THE DEPOSITS OR PAYMENTS
PAGE 1 OF 3
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CASE NAME: NEW YORK BAGEL ENTERPRISES, INC.
CASE NO. 00-10275
CHAPTER 11
MONTHLY REPORTING AFFIDAVIT
FOR THE MONTH ENDING MAY 24, 2000
3 DOES ALL INSURANCE COVERAGE REMAIN IN EFFECT? YES X NO
TYPE CARRIER POLICY # EXP DATE
PROPERTY DAMAGE TRAVELERS BINDER 105403 JUNE 2000
LIABILITY TRAVELERS BINDER 105422 JUNE 2000
WORKERS COMP PREFERRED EMPLYRS BINDER 105382 JUNE 2000
PREFERRED EMPLYRS BINDRE 105402 JUNE 2000
OTHER
AUTOMOBILE TRAVELERS BINDER 105423 JUNE 2000
PROPERTY/LIABILITY TRAVELERS BINDER 105420 JUNE 2000
4 DO ALL REQUIRED LICENSES REMAIN IN EFFECT? YES X NO
DESCRIPTION RENEWAL DATE
FOOD/HEALTH VARIES BY STORE
5 LIST DEBTS INCURRED WHICH HAVE NOT BEE PAID.
(I.E. UTLITY BILLS, REPAIR BILLS, PROFESSIONAL FEES)
DATE INCURRED CREDITOR PURPOSE AMOUNT
VARIOUS VARIOUS 7,685.46
SCHEDULE 5A
TOTAL 15,574.26
PAGE 2 OF 3
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CASE NAME: NEW YORK BAGEL ENTERPRISES, INC.
CASE NO. 00-10275
CHAPTER 11
MONTHLY REPORTING AFFIDAVIT
FOR THE MONTH ENDING APRIL 26, 2000
6 CHECK [ X] THAT THE FOLLOWING FORMS ARE ATTACHED:
RECEIPTS AND DISBURSEMENTS STATEMENT X
INCOME STATEMENT X
BALANCE SHEET (QUARTERLY ONLY) X
COPY OF BANK STATEMENT (S) X
FORM 6123 X
COPY OF CHAPTER 11 QUARTERLY FEE
PAYMENT REPORT (INCLUDE FOR MONTH
DURING WHICH FEE IS PAID)
I (WE) DECLARE UNDER PENALTY OF PERJURY THAT THIS REPORT AND ATTACHED
STATEMENTS ARE TRUE AND CORRECT TO THE BEST OF MY (OUR) KNOWLEDGE AND
BELIEF.
DATED: JUNE 16, 2000 DEBTOR: *
CO-DEBTOR: **
* THIS REPORT MUST BE SIGNED BY AN INDIVIDUAL HAVING SUFFICIENT KNOWLEDGE
OF THE FACTS TO MAKE A TRUTHFUL AND FULL STATEMENT.
** IF THIS IS A JOINT PETITION, BOTH HUSBAND AND WIFE MUST SIGN.
NOTE: THIS REPORT AND ATTACHED STATEMENTS ARE DUE FOR EACH
CALENDAR MONTH PERIOD FROM TIME OF FILING PETITION (FIRST
REPORT WILL BE FOR A SHORT PERIOD) UNTIL THE CASE IS DISMISSED,
CONVERTED OR A PLAN IS CONFIRMED. THE REPORT IS DUE THE 15TH
OF THE MONTH FOLLOWING THE REPORTING PERIOD. (IE. JANUARY
REPORT IS DUE FEBRUARY 15TH)
REV. 6/93 PAGE 3 OF 3
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CASE NAME: NEW YORK BAGEL ENTERPRISES, INC.
CASE NO. 00-10275
CHAPTER 11
MONTHLY REPORTING AFFIDAVIT
FOR THE MONTH ENDING MAY 24, 2000
BALANCE SHEET
ASSETS
CASH 57,147.70
ACCOUNTS RECEIVABLE -
ACCOUNTS RECEIVABLE - ATOMIC BURRITO 175,000.00
CREDIT CARD RECEIVABLE -
INTERCOMPANY - NEW WORLD (109,956.16)
NOTES RECEIVABLE 10,510.98
INVENTORY 158,586.84
PREPAID - OTHER -
PREPAID INCOME TAXES 65,470.91
TOTAL CURRENT ASSETS 356,760.27
INVESTMENT IN LAB 2,787,938.43
DEPOSITS 10,729.15
LEASE ACQUISITION COST 89,980.75
TOTAL OTHER ASSETS 2,888,648.33
RESTAURANT EQUIPMENT 2,170,053.34
FURNITURE & FIXTURES 149,035.00
LEASEHOLD IMPROVEMENTS 2,837,165.84
DELIVERY VEHICLES 52,902.51
ACCUMULATED DEPRECIATION (1,794,722.31)
IMPAIRMENT RESERVE (531,370.54)
TOTAL FIXED ASSETS 2,883,063.84
TOTAL ASSETS 6,128,472.44
PROVIDE AGING DETAIL OF ACCOUNTS RECEIVABLE BELOW.
DETAIL OF ALL ACCOUNTS RECEIVABLE RELATED
PARTIES OTHERS
0 - 30 DAYS OLD
31 - 60 DAYS OLD
61 - 90 DAYS OLD
OVER 90 DAYS OLD 175,000.00
TOTAL
PAGE 1 OF 3
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CASE NAME: NEW YORK BAGEL ENTERPRISES, INC.
CASE NO. 00-10275
CHAPTER 11
MONTHLY REPORTING AFFIDAVIT
FOR THE MONTH ENDING MAY 24, 2000
BALANCE SHEET
LIABILITIES AND STOCKHOLDERS EQUITY
CURRENT:
PRE-PETITION:
TRADE ACCOUNTS PAYABLE 960,172.42
ACCOUNTS PAYABLE - LAB 495,027.23
ACCRUED PAYROLL -
ACCRUED LEGAL 19,350.34
ACCRUED AUDIT 25,000.00
ACCRUED PROPERTY TAXES 91,377.46
ACCRUED INTEREST 60,871.68
ACCRUED OTHER 4,783.00
ACCRUED INSURANCE -
CLOSED LEASE RESERVES 283,995.38
POST-PETITION:
TRADE ACCOUNTS PAYABLE 7,685.46
ACCOUNTS PAYABLE - LAB -
ACCOUNTS PAYABLE - PAYROLL TAXES 41,082.69
ACCOUNTS PAYABLE - SALES TAXES 94,327.23
ACCRUED PAYROLL -
ACCRUED LEGAL -
ACCRUED AUDIT -
ACCRUED PROPERTY TAXES -
ACCRUED OTHER -
ACCRUED INSURANCE (4,746.31)
TOTAL CURRENT LIABILITIES 2,078,926.58
PAGE 2 OF 3
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LONG TERM:
PRE-PETITION
NOTES PAYABLE - BANK OF AMERICA 1,532,395.71
NOTES PAYABLE - STOCKHOLDERS 200,000.00
NOTES PAYABLE - COMMERCIAL EQUITY 85,387.77
DEBENTURES PAYABLE 48,710.93
DEFERRED RENT 81,721.40
DEFERRED TAXES PAYABLE (23,293.00)
POST-PETITION
NOTES PAYABLE - BANK OF AMERICA 100,000.00
NOTES PAYABLE - STOCKHOLDERS -
NOTES PAYABLE - COMMERCIAL EQUITY -
OTHER
TOTAL LONG-TERM LIABILITIES 2,024,922.81
COMMON STOCK 46,675.00
TREASURY STOCK (17,974.90)
ADDITIONAL PAID IN CAPITAL 13,390,769.48
RETAINED EARNINGS - PRIOR (10,950,940.95)
RETAINED EARNINGS - CURRENT YEAR (443,905.58)
TOTAL SHAREHOLDERS EQUITY 2,024,623.05
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY 6,128,472.44
PAGE 3 OF 3
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CASE NAME: NEW YORK BAGEL ENTERPRISES, INC.
CASE NO. 00-10275
CHAPTER 11
MONTHLY REPORTING AFFIDAVIT
FOR THE MONTH ENDING MAY 24, 2000
INCOME STATEMENT - TOTALS
PERIOD YEAR TO DATE
INCOME - SALES 262,263.21 2,383,644.85
FRANCHISE/ROYALTY 10,000.00
OTHER INCOME 2.00 4,563.03
GAIN/(LOSS) OF SALE OF ASSETS 9,300.00 (234,216.85)
TOTAL INCOME 271,565.21 2,163,991.03
COST OF SALES 122,370.70 1,015,053.64
GROSS MARGIN 149,194.51 1,148,937.39
SALARIES & BENEFITS 111,218.37 1,002,412.72
PAYROLL TAXES 9,235.05 86,001.24
TOTAL PAYROLL RELATED EXPENSES 120,453.42 1,088,413.96
EXPENSES
REPAIRS & MAINTENANCE 8,375.27 52,085.11
UTILITIES 11,327.05 77,724.98
RENT EXPENSE - BUILDINGS (2,183.91) 132,129.28
RENT EXPENSE - EQUIPMENT 358.95 8,653.42
RENT EXPENSE - VEHICLES 655.88 5,487.51
RENT EXPENSE - OTHER 1,257.20
OPERATING SUPPLIES & EXPENSES 12,767.41 92,717.85
CASH OVER/SHORT 1,056.45 10,228.53
SECURITY 144.69 1,032.26
BANK/CREDIT CARD SERVICE CHARGES 1,607.17 11,570.70
LEGAL/ACCOUNTING/CONSULTING 6,314.75 20,594.39
INSURANCE - GENERAL/WORKERS COMP 2,692.34 45,055.33
INSURANCE - HEALTH 7,275.26 25,931.70
TRAVEL EXPENSES 484.44 4,857.36
INTEREST EXPENSE (1,738.08)
ADVERTISING AND PROMOTIONS 1,522.67 16,841.47
TOTAL EXPENSES 52,398.42 504,429.01
NET INCOME/(LOSS) (23,657.33) (443,905.58)
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CASE NAME: NEW YORK BAGEL ENTERPRISES, INC.
CASE NO. 00-10275
CHAPTER 11
RECEIPTS AND DISBURSEMENTS STATEMENT
FOR THE MONTH ENDING MAY 24, 2000
1 BEGINNING CHECKBOOK BALANCE 49,977
2 CASH RECEIPTS FOR THE MONTH
COLLECTION OF ACCOUNT RECEIVABLE 30,190
CASH SALES 271,565
SALARY -
PROCEED FROM LOANS -
GOVERNMENT PAYMENTS -
ADVANCES FROM NEW WORLD COFFEE 109,956
OTHER (INTEREST, DIVIDENDS, GIFTS) -
TOTAL CASH RECEIPTS FOR THE MONTH 411,711
3 CASH DISBURSEMENTS FOR THE MONTH
PAYROLL 194,226
PAYROLL TAXES 45,226
SALES TAXES
PAID OUTS AT THE STORE LOCATIONS 107,752
BANK STATEMENTS 1,873
ACCOUNTS PAYABLE CHECKS 55,463
404,540
4 ENDING CHECKBOOK BALANCE (1+2-3) 57,148
CASH SUMMARY - END OF MONTH
ACCOUNT NO OR LOCATION
PETTY CASH/CASH ON HAND ALL STORES 8,548
REGUALR CHECKING MAIN OPERATING ACCOUNT 906
OKC MAIN ACCOUNT 26,693
TULSA MAIN ACCOUNT 7,259
WICHITA MAIN ACCOUNT 9,438
ALABAMA MAIN ACCOUNT -
CORPORATE ACCOUNT 49
ASSET ACCOUNT 9,385
STORE 11 ACCOUNT 503
STORE 12 ACCOUNT 1,706
STORE 13 ACCOUNT 2,586
PAYROLL/TAX ACCOUNT MAIN PAYROLL ACCT IN STILL (9,925)
CD
OTHER
TOTAL (SHOULD AGREE WITH 4. ABOVE) 57,148
NOTE: A COPY OF A BANK STATEMENT FROM EACH BANK ACCOUNT AND A
RECONCILIATION BETWEEN THE STATEMENT AND YOUR CHECKBOOK MUST ACCOMPANY
THIS STATEMENT.
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CASE NAME: NEW YORK BAGEL ENTERPRISES, INC.
CASE NO. 00-10275
CHAPTER 11
MONTHLY REPORTING AFFIDAVIT
ATTACHMENT TO CASH RECEIPTS AND DISBURSEMENTS STATEMENT
FOR THE MONTH ENDING MAY 24, 2000
LIST OF DISBURSEMENTS
NAME OF VENDOR CK # DESCRIPTION AMOUNT
KGE KANSAS GAS 51052 UTILITY 2,073.32
TULSA CASH REGISTER 51053 REPAIR 156.12
OGE 51054 UTILITY 1,716.56
SOUTHWESTERN BELL 51055 UTILITY 264.93
CITY OF STILLWTAER 51056 UTILITY 363.24
CITY OF THE VILLAGE 51057 UTILITY 206.96
ONG 51058 UTILITY 1,632.12
PSO 51059 UTILITY 443.45
CITY OF NORMAN 51060 UTILITY 782.64
AIRBORNE 51061 SUPPLIES 158.98
PF BUSINESS SYSTEMS 51062 SUPPLIES 250.64
ADT SECURITY 51063 SECURITY 136.93
SOUTHWESTERN BELL 51064 UTILITY 725.31
SOUTHWESTERN BELL 51065 UTILITY 241.28
DIVERSEY LEVER 51066 SUPPLIES 361.66
CITY OF OKC 51067 UTILITY 197.12
TULSA FRUIT 51068 COST OF GOODS SOLD 62.35
UNIDIAL 51069 UTILITY 406.81
COX COMMUNICATIONS 51070 UTILITY 96.84
FALCON CAPITAL 51071 RENTAL 299.43
NUCO2 51072 SUPPLIES 31.82
PERFORMANCE SOUND 51073 REPAIR 45.00
PAYROLL EXPRESS 51074 PAYROLL SERVICE 441.00
OKLAHOMA STATE DEPT OF H 51075 LICENSE 100.00
PITNEY BOWES 51076 SUPPLIES 31.06
OGE 51077 UTILITY 1,142.29
SOUTHWESTERN BELL 51078 UTILITY 122.09
CITY OF STILLWTAER 51079 UTILITY 1,649.87
ONG 51080 UTILITY 76.23
PSO 51081 UTILITY 459.92
CITY OF TULSA 51082 UTILITY 230.71
INSURANCE MANAGEMENT 51083 INSURANCE 10,723.00
SOUTHWESTERN BELL 51084 UTILITY 239.91
CITY OF STILLWTAER 51085 UTILITY 892.56
ONG 51086 UTILITY 1,296.06
PSO 51087 UTILITY 438.57
CITY OF NORMAN 51088 UTILITY 324.82
SOUTHWESTERN BELL 51089 UTILITY 800.87
LUCENT TECHNOLOGIES 51090 RENTAL 313.15
CITY OF OKC 51091 UTILITY 88.33
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IOS CAPITAL 51092 RENTAL 345.52
VOICESTREAM WIRELESS 51093 UTILITY 109.45
PSO 51094 UTILITY 438.57
ALL AMERICAN WASTE 51095 UTILITY 528.35
PAYROLL EXPRESS 51096 PAYROLL SERVICE 453.25
BFI WICHITA 51097 UTILITY 370.84
PRINCIPLE LIFE 51098 INSURANCE 5,674.23
DISTRICT COURT 51099 GARNISHMENT 95.33
COMMERCIAL EQUITY 51100 PROPERTY TAXES 3,195.16
BELL SOUTH 51101 UTILITY 150.74
TULSA CASH REGISTER 51102 REPAIR 200.02
BFI TULSA 51103 UTILITY 249.98
QUALITY WATER 51104 UTILITY 13.50
OGE 51105 UTILITY 1,190.87
CITY OF STILLWTAER 51106 UTILITY 1,179.02
CITY OF VILLAGE 51107 UTILITY 203.35
ONG 51108 UTILITY 1,649.36
PSO 51109 UTILITY 500.37
CITY OF NORMAN 51110 UTILITY 562.19
AIRBORNE 51111 SUPPLIES 248.36
SOUTHWESTERN BELL 51112 UTILITY 877.99
SOUTHWESTERN BELL 51113 UTILITY 227.29
DIVERSEY LEVER 51114 SUPPLIES 480.35
CITY OF OKC 51115 UTILITY 228.45
TULSA FRUIT 51116 COST OF GOODS SOLD 80.80
GET SOUTHWEST 51117 UTILITY 154.70
UNIDIAL 51118 UTILITY 401.47
COX COMMUNICATIONS 51119 UTILITY 93.94
FALCON CAPITAL 51120 RENTAL 655.88
RANDY WEBB 51121 TRAVEL 326.21
PAYROLL EXPRESS 51122 PAYROLL SERVICE 420.50
IKON OFFICE 51123 SUPPLIES 60.00
AUDIO DIMENSIONS 51124 REPAIR 45.00
IONEX 51125 UTILITY 351.48
MERCHANT TRANSACTION 51126 SUPPLIES 89.00
FAHNESTOCK HEATING 51127 REPAIR 223.00
DISTRICT COURT 51128 GARNISHMENT 70.38
PRINCIPLE LIFE 51129 INSURANCE 3,294.08
PAYROLL (PAY ENDING 4/28 5/12 5/26 NET OF NEW W 194,226.00
PAYROLL TAXES 45,226.00
SALES TAXES (NOT PAID AS OF 4/26/00) -
PAID OUTS
COST OF GOODS SOLD 85,552.95
UTILITIES
REPAIRS & MAINTENANCE 8,375.27
SUPPLIES 12,767.41
CASH SHORTAGES 1,056.45
BANK STATEMENTS
SERVICE CHARGES 848.60
EQUIPMENT RENTAL 67.40
CREDIT CARD DISCOUNTS 838.59
BAD CHECKS 118.41
TOTAL DISBURSEMENTS FOR PERIOD 404,540.01