SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of the earliest event reported): April 25, 2000
(April 15, 2000)
New York Bagel Enterprises, Inc.
(Exact name of Registrant as specified in its charter)
0-21205
(Commission file number)
Kansas 73-1369185
(State or other jurisdiction of
incorporation or organization) (I.R.S. Employer Identification No.)
115 East 8th Street
Stillwater, Oklahoma 74074
(Address of principal executive offices, including zip code)
405-624-3700
(Registrant's telephone number, including area code)
<PAGE>
Item 5. Other Events.
On April 15, 2000, New York Bagel Enterprises, Inc., filed the second
monthly report with the United States Bankruptcy Court for the District of
Kansas concerning the fiscal-month period ended March 29, 2000. The monthly
report filed with the Bankruptcy Court is filed as an exhibit, with the
exception that bank statements, check stubs, and other similar documents filed
as part of the monthly report have been omitted. Information contained in the
omitted documents has been either compiled or summarized and then incorporated
into the exhibit.
Item 5. Other Events.
All the prior officers and directors of New York Bagel Enterprises, Inc.,
have resigned and Richard Randall Webb has been appointed as the sole officer
and director.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
99. Monthly Report for the period ended March 29, 2000, in substantially the
same form as filed on April 15, 2000, with the United States Bankruptcy Court
for the District of Kansas.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, hereunto duly authorized.
NEW YORK BAGEL ENTERPRISES, INC.
/s/Richard Randall Webb
__________________________________
Richard Randall Webb
Chief Executive Officer
Dated: April 25, 2000
<PAGE>
UNITED STATE BANKRUPTCY COURT
FOR THE DISTRICT OF KANSAS
IN RE: NEW YORK BAGEL
CASE NO. 00-10275
DEBTOR(S) CHAPTER 11
MONTHLY REPORT
FOR MONTH OF MARCH, 2000
<PAGE>
CASE NAME: NEW YORK BAGEL ENTERPRISES, INC.
CASE NO. 00-10275
CHAPTER 11
MONTHLY REPORTING AFFIDAVIT
FOR THE MONTH ENDING MARCH 29, 2000
1 PROVIDE THE FOLLOWING INFORMATION REGARDING SALARIES/WAGES
PAID/DUE.
GROSS AMOUNT OF EXECUTIVE SALARIES PAID 18,000.02
NAME TITLE
ROBERT J GERESI C E O 9,692.32
RICHARD R WEBB C F O 8,307.70
GROSS AMOUNT OF OTHER WAGES PAID 192,541.45
WERE ANY WAGES/ SALARIES DUE BUT NOT PAID FOR THIS CURRRENT
MONTH? YES X NO . IF YES, PROVIDE THE EMPLOYE'S NAME
AND TITLE AND AMOUNT DUE.
PAYROLL PAID ON 3/31/00 SCHEDULE 1A 81,413.61
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 23538 MAR 7, 2000 26,147.28
FICE WITHHOLDING 51,137.47 23837 MAR 21, 2000 24,990.19
EMPLOYER'S FICA
STATE WITHHOLDING KANSAS 23539 MAR 15, 2000 564.77
ALABAMA 23541 MAR 15, 2000 535.62
OKLAHOMA MAR 15, 2000 4,744.07
SALES TAX ALABAMA 5058 MAR 14, 2000 304.67
ALABAMA 5059 MAR 14, 2000 304.67
KANSAS 5060 MAR 20, 2000 4,419.05
OKLAHOMA 5057 MAR 13, 2000 29,824.56
OKLAHOMA 5056 MAR 13, 2000 400.10
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
<PAGE>
CASE NAME: NEW YORK BAGEL ENTERPRISES, INC.
CASE NO. 00-10275
CHAPTER 11
MONTHLY REPORTING AFFIDAVIT
FOR THE MONTH ENDING MARCH 29, 2000
3 DOES ALL INSURANCE COVERAGE REMAIN IN EFFECT? YES X NO
TYPE CARRIER POLICY # EXP DATE
PROPERTY DAMAGE TRAVELERS BINDER 105403 MAY 2000
LIABILITY TRAVELERS BINDER 105422 MAY 2000
WORKERS COMP PREFERRED EMPLYRS BINDER 105382 MAY 2000
PREFERRED EMPLYRS BINDRE 105402 MAY 2000
OTHER
AUTOMOBILE TRAVELERS BINDER 105423 MAY 2000
PROPERTY/LIABILITY TRAVELERS BINDER 105420 MAY 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 16,584.28
SCHEDULE 5A
TOTAL 16,584.28
PAGE 2 OF 3
<PAGE>
CASE NAME: NEW YORK BAGEL ENTERPRISES, INC.
CASE NO. 00-10275
CHAPTER 11
MONTHLY REPORTING AFFIDAVIT
FOR THE MONTH ENDING MARCH 29, 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 HAVE NOT RECEIVED A
PAYMENT REPORT (INCLUDE FOR MONTH PAYMENT REPORT AT THIS
DURING WHICH FEE IS PAID) TIME
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: APRIL 14, 2000 DEBTOR: RICHARD R. WEBB *
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
<PAGE>
CASE NAME: NEW YORK BAGEL ENTERPRISES, INC.
CASE NO. 00-10275
CHAPTER 11
MONTHLY REPORTING AFFIDAVIT
FOR THE MONTH ENDING MARCH 29, 2000
BALANCE SHEET
ASSETS
CASH 68,477.41
ACCOUNTS RECEIVABLE 18,879.50
ACCOUNTS RECEIVABLE - ATOMIC BURRITO 175,000.00
CREDIT CARD RECEIVABLE 23,059.89
NOTES RECEIVABLE 11,094.31
INVENTORY 158,586.84
PREPAID - OTHER 1,899.84
PREPAID INCOME TAXES 65,470.91
TOTAL CURRENT ASSETS 522,468.70
INVESTMENT IN LAB 2,787,938.43
DEPOSITS 11,706.00
LEASE ACQUISITION COST 89,980.75
TOTAL OTHER ASSETS 2,889,625.18
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 6,295,157.72
PROVIDE AGING DETAIL OF ACCOUNTS RECEIVABLE BELOW.
DETAIL OF ALL ACCOUNTS RECEIVABLE RELATED
PARTIES OTHERS
0 - 30 DAYS OLD 41,939.39
31 - 60 DAYS OLD
61 - 90 DAYS OLD
OVER 90 DAYS OLD 175,000.00
TOTAL
PAGE 1 OF 3
<PAGE>
CASE NAME: NEW YORK BAGEL ENTERPRISES, INC.
CASE NO. 00-10275
CHAPTER 11
MONTHLY REPORTING AFFIDAVIT
FOR THE MONTH ENDING MARCH 29, 2000
BALANCE SHEET
LIABILITIES AND STOCKHOLDERS EQUITY
CURRENT:
PRE-PETITION:
TRADE ACCOUNTS PAYABLE 960,172.42
ACCOUNTS PAYABLE - LAB 496,756.72
ACCRUED PAYROLL -
ACCRUED LEGAL 19,350.34
ACCRUED AUDIT 25,000.00
ACCRUED PROPERTY TAXES 94,572.62
ACCRUED INTEREST 60,871.68
ACCRUED OTHER 2,952.00
ACCRUED INSURANCE -
CLOSED LEASE RESERVES 283,995.38
POST-PETITION:
TRADE ACCOUNTS PAYABLE 16,584.28
ACCOUNTS PAYABLE - LAB -
ACCOUNTS PAYABLE - PAYROLL TAXES 53,031.46
ACCOUNTS PAYABLE - SALES TAXES 44,800.10
ACCRUED PAYROLL 122,150.61
ACCRUED LEGAL -
ACCRUED AUDIT -
ACCRUED PROPERTY TAXES -
ACCRUED OTHER -
ACCRUED INSURANCE 7,155.64
TOTAL CURRENT LIABILITIES 2,187,393.25
PAGE 2 OF 3
<PAGE>
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 2,024,822.81
COMMON STOCK 46,675.00
TREASURY STOCK (17,974.90)
ADDITIONAL PAID IN CAPITAL 13,390,769.48
RETAINED EARNINGS - PRIOR (10,950,940.96)
RETAINED EARNINGS - CURRENT YEAR (385,686.97)
TOTAL SHAREHOLDERS EQUITY 2,082,841.66
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY 6,295,157.72
PAGE 3 OF 3
<PAGE>
CASE NAME: NEW YORK BAGEL ENTERPRISES, INC.
CASE NO. 00-10275
CHAPTER 11
MONTHLY REPORTING AFFIDAVIT
FOR THE MONTH ENDING MARCH 29, 2000
INCOME STATEMENT - TOTALS
PERIOD YEAR TO DATE
INCOME - SALES 604,921.12 1,677,592.03
FRANCHISE/ROYALTY 10,000.00
OTHER INCOME 596.04 3,866.55
GAIN/(LOSS) OF SALE OF ASSETS (127,865.76) (243,516.85)
TOTAL INCOME 477,651.40 1,447,941.73
COST OF SALES 247,101.79 700,561.13
GROSS MARGIN 230,549.61 747,380.60
SALARIES & BENEFITS 256,190.19 698,397.56
PAYROLL TAXES 21,418.77 59,353.04
TOTAL PAYROLL RELATED EXPENSES 277,608.96 757,750.60
EXPENSES
REPAIRS & MAINTENANCE 15,199.45 29,514.10
UTILITIES 15,695.73 50,474.60
RENT EXPENSE - BUILDINGS 45,643.73 135,562.86
RENT EXPENSE - EQUIPMENT 1,816.60 6,721.65
RENT EXPENSE - VEHICLES 643.71 3,613.40
RENT EXPENSE - OTHER 270.90 725.60
OPERATING SUPPLIES & EXPENSES 22,776.09 60,461.55
CASH OVER/SHORT 3,361.17 5,816.18
SECURITY 268.57 771.21
BANK/CREDIT CARD SERVICE CHARGES 2,292.09 8,118.20
LEGAL/ACCOUNTING/CONSULTING 951.50 13,803.89
INSURANCE - GENERAL/WORKERS COMP 5,933.29 30,673.28
INSURANCE - HEALTH 4,367.46 14,732.63
TRAVEL EXPENSES 1,882.78 3,725.40
INTEREST EXPENSE (686.50) (1,738.08)
ADVERTISING AND PROMOTIONS 3,654.19 12,340.50
TOTAL EXPENSES 124,070.76 375,316.97
NET INCOME/(LOSS) (171,130.11) (385,686.97)
<PAGE>
CASE NAME: NEW YORK BAGEL ENTERPRISES, INC.
CASE NO. 00-10275
CHAPTER 11
RECEIPTS AND DISBURSEMENTS STATEMENT
FOR THE MONTH ENDING MARCH 29, 2000
1 BEGINNING CHECKBOOK BALANCE 63,224
2 CASH RECEIPTS FOR THE MONTH
COLLECTION OF ACCOUNT RECEIVABLE 27,010
CASH SALES 604,921
SALARY -
PROCEED FROM LOANS -
GOVERNMENT PAYMENTS -
OTHER (INTEREST, DIVIDENDS, GIFTS) -
TOTAL CASH RECEIPTS FOR THE MONTH 631,931
3 CASH DISBURSEMENTS FOR THE MONTH
PAYROLL (TWO CYCLES) 168,876
PAYROLL TAXES 56,982
SALES TAXES 35,253
PAID OUTS AT THE STORE LOCATIONS 266,975
BANK STATEMENTS 3,242
ACCOUNTS PAYABLE CHECKS 95,351
626,678
4 ENDING CHECKBOOK BALANCE (1+2-3) 68,477
CASH SUMMARY - END OF MONTH
ACCOUNT NO OR LOCATION
PETTY CASH/CASH ON HAND ALL STORES 8,548
REGUALR CHECKING MAIN OPERATING ACCOUNT (583)
OKC MAIN ACCOUNT 12,700
TULSA MAIN ACCOUNT 2,897
WICHITA MAIN ACCOUNT 7,064
ALABAMA MAIN ACCOUNT 605
CORPORATE ACCOUNT 128
ASSET ACCOUNT 92
STORE 11 ACCOUNT 763
STORE 12 ACCOUNT 2,459
STORE 13 ACCOUNT 1,556
PAYROLL/TAX ACCOUNT MAIN PAYROLL ACCT IN STILL 32,249
CD
OTHER
TOTAL (SHOULD AGREE WITH 4. ABOVE) 68,477
NOTE: A COPY OF A BANK STATEMENT FROM EACH BANK ACCOUNT AND A
RECONCILIATION BETWEEN THE STATEMENT AND YOUR CHECKBOOK MUST ACCOMPANY
THIS STATEMENT.
<PAGE>
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 MARCH 29, 2000
LIST OF DISBURSEMENTS
NAME OF VENDOR CK # DESCRIPTION AMOUNT
OKLAHOMA STATE HEALTH 50892 LICENSE 200.00
RANDY WEBB 50893 TRAVEL/SUPPLIES 491.25
KGE KANSAS 50894 UTILITIES 608.18
BELLSOUTH 50895 UTILITIES 115.88
GREAT PLAINS COCA 50896 COST OF FOOD 270.75
OGE 50897 UTILITIES 1,371.09
GMAC 50898 RENT - VEHICLES 343.16
PSO 50899 UTILITIES 404.09
CITY OF TULSA 50900 UTILITIES 91.73
AIRBORNE 50901 SUPPLIES 50.70
DELANO BAKERY 50902 COST OF FOOD 82.35
S W BELL 50903 UTILITIES 123.39
ORKIN EXTERM 50904 UTILITIES 99.00
LUCENT TECHNOLOGIES 50905 RENT - EQUIP 312.79
CITY OF OKC 50906 UTILITIES 50.00
TULSA FRUIT 50907 COST OF FOOD 63.70
TCI CABLEVISION 50908 UTILITIES 45.42
SWISHER 50909 SUPPLIES 41.50
COX COMMUNICATIONS 50910 UTILITIES 53.52
FALCON CAPITAL 50911 RENT - VEHICLES 694.14
ORKIN EXTERM 50912 UTILITIES 33.00
ORKIN EXTERM 50913 UTILITIES 38.50
PAYROLL EXPRESS 50914 PAYROLL SERVICE 474.50
FARM FRESH 50915 COST OF FOOD 21.24
IKON OFFICE SOLUTIONS 50916 SUPPLIES 60.00
IOS CAPITAL 50917 RENT - EQUIP 346.38
PITNEY BOWES 50918 SUPPLIES 26.70
ROBBINS RESTAURANT 50919 REPAIRS 580.00
VOICESTREAM 50920 UTILITIES 500.00
FEDERAL EXPRESS 50921 SUPPLIES 166.86
OGE 50922 UTILITIES 494.57
PSO 50923 UTILITIES 196.77
AIRBORNE 50924 SUPPLIES 71.00
AMERICAN PARKING 50925 RENT - PARKING 270.90
ADT SECURITY 50926 SECURITY 37.84
DELANO BAKERY 50927 COST OF FOOD 166.25
S W BELL 50928 UTILITIES 1,054.34
S W BELL 50929 UTILITIES 325.96
CITY OF OKC 50930 UTILITIES 48.47
TULSA FRUIT 50931 COST OF FOOD 181.14
GTE SOUTHWEST 50932 UTILITIES 155.76
TCI CABLEVISION 50933 UTILITIES 45.47
SWISHER 50934 SUPPLIES 13.50
COX COMMUNICATIONS 50935 UTILITIES 62.04
NUCO2 50936 COST OF FOOD 63.54
ENDO'S COFFEE 50937 COST OF FOOD 202.50
CITY OF OKC 50938 UTILITIES 46.00
NORTHERN LEASING 50939 RENT - EQUIP 208.10
INSURANCE MANAGEMENT ASS 50940 INSURANCE - GENERAL 10,769.00
CITY OF EDMOND 50941 UTILITIES 1,550.00
KGE KANSAS GAS 50942 UTILITIES 730.60
BFI - TULSA 50943 UTILITIES 249.98
OGE 50944 UTILITIES 387.64
ONG 50945 UTILITIES 359.82
ADT SECURITY 50946 SECURITY 70.85
S W BELL 50947 UTILITIES 1,231.19
ORKIN EXTERM 50948 UTILITIES 148.50
ALL AMERICAN WASTE 50949 UTILITIES 528.35
TULSA FRUIT 50950 COST OF FOOD 86.65
TCI CABLEVISION 50951 UTILITIES 42.31
FALCON CAPITAL 50952 RENT - VEHICLES 282.05
PERFORMANCE SOUND 50953 REPAIRS 45.00
PAYROLL EXPRESS 50954 PAYROLL SERVICE 497.75
FIRST USA BANK 50955 TRAVEL/SUPPLIES 260.25
BFI - WICHITA 50956 UTILITIES 367.00
POSTMASTER 50957 SUPPLIES 114.00
STEPHEN BOWDEN 50958 MEDICAL PYMNT 88.00
MVP LIMITED PARTNERSHIP 50959 RENT 3,199.48
MARK ATKINSON 50960 RENT 1,170.00
RUTH FISHER 50961 RENT 900.00
EDMOND PLAZA 50962 RENT 1,967.43
KOLL MANAGEMENT 50963 RENT 1,594.76
92 BRIXTON SQUARE 50964 RENT 1,529.99
WOODYARD TRUST 50965 RENT 575.00
HARRY MARTON 50966 RENT 575.00
STAN CLARK 50967 RENT 175.00
ESKIMO JOE'S 50968 RENT 150.00
JAYNE ANN MOBLEY 50969 RENT 948.28
KGE KANSAS GAS 50970 UTILITIES 3,831.10
BUILDERS INC 50971 RENT 3,008.00
BAGEL LAND 50972 RENT 2,875.00
CAMPUS CORNER 50973 RENT 2,175.00
HW ALLEN 50974 RENT 2,679.00
LIGHTHOUSE ONE 50975 RENT 3,015.57
BELLSOUTH 50976 UTILITIES 115.88
PRICE EDWARDS 50977 RENT 3,720.00
CITY OF STILLWATER 50978 UTILITIES 856.61
ONG 50979 UTILITIES 1,188.94
PSO 50980 UTILITIES 1,665.55
CITY OF TULSA 50981 UTILITIES 246.22
AIRBORNE 50982 SUPPLIES 164.53
ADT SECURITY 50983 SECURITY 169.48
INTERVEST FIRST PLACE 50984 RENT 2,074.28
S W BELL 50985 UTILITIES 604.24
S W BELL 50986 UTILITIES 219.44
PARK LANE SHOPPING 50987 RENT 1,600.00
CITY OF OKC 50988 UTILITIES 186.59
QUICK TRIP 50989 RENT 2,915.50
UNIDIAL COMMUNICATIONS 50990 UTILITIES 534.67
CITY OF TUSCALOOSA 50991 UTILITIES 46.44
FALCON CAPITAL 50992 RENT - VEHICLES 361.66
COMMERCIAL EQUITY 50993 RENT 7,300.00
VOID 50994 VOID VOID
NUCO2 50995 COST OF FOOD 437.54
LPV PROPERTIES 50996 RENT 3,615.00
DMX ATLANTA 50997 UTILITIES 51.27
IKON OFFICE SOLUTIONS 50998 SUPPLIES 118.00
PRINCIPLE LIFE 50999 HEALTH INSURANCE 7,041.60
INTERNATIONAL TOURS 51000 TRAVEL 286.00
JR BRADLEY 51001 RENT 250.00
PAYROLL 168,875.82
PAYROLL TAXES 56,981.93
SALES TAXES 35,253.05
PAID OUTS
COST OF GOODS SOLD 232,532.91
UTILITIES 1,015.57
REPAIRS & MAINTENANCE 14,708.95
SUPPLIES 15,356.18
CASH SHORTAGES 3,361.17
BANK STATEMENTS
SERVICE CHARGES 1,009.94
EQUIPMENT RENTAL 381.14
CREDIT CARD DISCOUNTS 1,578.37
BAD CHECKS 272.06
TOTAL DISBURSEMENTS FOR PERIOD 626,678.05
