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UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF KANSAS
IN RE: LOTS A'BAGELS
CASE NO. 00-11443
DEBTOR(S) CHAPTER 11
MONTHLY REPORT
FOR THE MONTH OF MAY, 2000
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CASE NAME: LOTS A' BAGELS
CASE NO. 00-11443
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 -
NAME TITLE
RICHARD R WEBB C F O 5,400.00
GROSS AMOUNT OF OTHER WAGES PAID 85,542.04
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 4/28/00 SCHEDULE 1A 29,970.72
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 ACH TRANSFER 05/17/2000 9,280.36
FICE WITHHOLDING ACH TRANSFER 05/30/2000 9,566.88
EMPLOYER'S FICA
STATE WITHHOLDING ACH TRANSFER 05/15/2000 2,412.00
SALES TAX CKS 5016+5017+5018 05/15/2000 7,994.49
OTHER TAXES SUTA PAYMENT 05/01/2000 1,400.07
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: LOTS A' BAGELS
CASE NO. 00-11443
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 105412 JUNE 2000
LIABILITY TRAVELERS BINDER 105412 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 105422 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 187,614.21
SCHEDULE 5A
TOTAL 190,276.77
PAGE 2 OF 3
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CASE NAME: LOTS A' BAGELS
CASE NO. 00-11443
CHAPTER 11
MONTHLY REPORTING AFFIDAVIT
FOR THE MONTH ENDING MAY 24, 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
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 15, 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: LOTS A' BAGELS
CASE NO. 00-11443
CHAPTER 11
MONTHLY REPORTING AFFIDAVIT
FOR THE MONTH ENDING MAY 24, 2000
BALANCE SHEET
ASSETS
CASH 14,685.58
ACCOUNTS RECEIVABLE 17,581.09
CREDIT CARD RECEIVABLE 55.79
INTERCOMPANY NYBE 496,965.29
INVENTORY 48,055.29
PREPAID - OTHER -
PREPAID INCOME TAXES
TOTAL CURRENT ASSETS 577,343.04
GOODWILL 852,115.43
DEPOSITS 21,696.25
NONCOMPETE AGREEMENT 5,000.00
ACCUM AMORT INTANGIBLES (87,739.94)
TOTAL OTHER ASSETS 791,071.74
RESTAURANT EQUIPMENT 716,167.23
FURNITURE & FIXTURES 9,312.81
LEASEHOLD IMPROVEMENTS 1,365,974.00
DELIVERY VEHICLES
ACCUMULATED DEPRECIATION (615,669.03)
TOTAL FIXED ASSETS 1,475,785.01
TOTAL ASSETS 2,844,199.79
PROVIDE AGING DETAIL OF ACCOUNTS RECEIVABLE BELOW.
DETAIL OF ALL ACCOUNTS RECEIVABLE RELATED
PARTIES OTHERS
0 - 30 DAYS OLD 17,636.88
31 - 60 DAYS OLD
61 - 90 DAYS OLD
OVER 90 DAYS OLD
TOTAL
PAGE 1 OF 2
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CASE NAME: LOTS A' BAGELS
CASE NO. 00-11443
CHAPTER 11
MONTHLY REPORTING AFFIDAVIT
FOR THE MONTH ENDING MAY 24, 2000
BALANCE SHEET
LIABILITIES AND STOCKHOLDERS EQUITY
CURRENT:
PRE-PETITION:
TRADE ACCOUNTS PAYABLE 187,614.21
ACCRUED PAYROLL 25,307.07
ACCRUED PAYROLL TAXES 8,166.82
ACCRUED SALES TAX PAYABLE 6,522.91
ACCRUED PROPERTY TAXES 46,948.04
ACCRUED WORKERS COMP PAYABLE 10,062.55
ACCRUED INSURANCE -
INCOME TAX PAYABLE 65,470.91
POST-PETITION:
TRADE ACCOUNTS PAYABLE -
TOTAL CURRENT LIABILITIES 350,092.51
LONG TERM:
PRE-PETITION
DEFERRED TAXES PAYABLE 23,293.00
POST-PETITION
OTHER
TOTAL LONG-TERM LIABILITIES 23,293.00
COMMON STOCK 100.00
TREASURY STOCK -
ADDITIONAL PAID IN CAPITAL 2,787,838.43
RETAINED EARNINGS - PRIOR (144,859.25)
RETAINED EARNINGS - CURRENT YEAR (172,264.90)
TOTAL SHAREHOLDERS EQUITY 2,470,814.28
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY 2,844,199.79
PAGE 2 OF 2
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CASE NAME: LOTS A' BAGELS
CASE NO. 00-11443
CHAPTER 11
MONTHLY REPORTING AFFIDAVIT
FOR THE MONTH ENDING MAY 24, 2000
INCOME STATEMENT - TOTALS
MAY
PERIOD YEAR TO DATE
INCOME - SALES 198,618.74 968,239.86
OTHER INCOME - -
TOTAL INCOME 198,618.74 968,239.86
COST OF SALES 61,112.65 263,642.25
GROSS MARGIN 137,506.09 704,597.61
SALARIES & BENEFITS 79,927.00 408,849.85
PAYROLL TAXES 7,050.04 34,516.38
TOTAL PAYROLL RELATED EXPENSES 86,977.04 443,366.23
EXPENSES
REPAIRS & MAINTENANCE 743.29 12,058.67
UTILITIES 7,999.67 40,928.19
RENT EXPENSE - BUILDINGS 32,746.09 160,690.86
RENT EXPENSE - EQUIPMENT - 2,053.64
RENT EXPENSE - VEHICLES 4,160.75 24,358.03
OPERATING SUPPLIES & EXPENSES 4,456.26 34,055.25
CASH OVER/SHORT 134.49 2,145.47
PROPERTY TAXES - 9,000.00
BANK/CREDIT CARD SERVICE CHARGES 1,270.27 7,134.46
LEGAL/ACCOUNTING/CONSULTING 5,720.03 17,937.28
INSURANCE 9,192.22 53,230.02
ADVERTISING AND PROMOTIONS 450.60 14,078.10
DEPRECIATION/AMORTIZATION - 55,826.31
TOTAL EXPENSES 66,873.67 433,496.28
NET INCOME/(LOSS) (16,344.62) (172,264.90)
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CASE NAME: LOTS A' BAGELS
CASE NO. 00-11443
CHAPTER 11
RECEIPTS AND DISBURSEMENTS STATEMENT
FOR THE MONTH ENDING MAY 24, 2000
1 BEGINNING CHECKBOOK BALANCE 29,846
2 CASH RECEIPTS FOR THE MONTH
COLLECTION OF ACCOUNT RECEIVABLE 16,792
CASH SALES 198,619
SALARY -
PROCEED FROM LOANS -
GOVERNMENT PAYMENTS -
OTHER (INTEREST, DIVIDENDS, GIFTS) -
TOTAL CASH RECEIPTS FOR THE MONTH 215,411
3 CASH DISBURSEMENTS FOR THE MONTH
PAYROLL 67,853
PAYROLL TAXES 22,659
SALES TAXES 7,994
PAID OUTS AT THE STORE LOCATIONS 12,991
BANK STATEMENTS 1,331
ACCOUNTS PAYABLE CHECKS 117,742
230,571
4 ENDING CHECKBOOK BALANCE (1+2-3) 14,686
CASH SUMMARY - END OF MONTH
ACCOUNT NO OR LOCATION
PETTY CASH/CASH ON HAND ALL STORES 5,452
REGULAR CHECKING MAIN OPERATING ACCOUNT (6,741)
PUEBLO ACCOUNT 8,008
AUSTIN BLUFFS ACCOUNT 691
CENTENNIAL ACCOUNT 3,428
PAYROLL/TAX ACCOUNT MAIN PAYROLL ACCT 3,847
CD
OTHER
TOTAL (SHOULD AGREE WITH 4. ABOVE) 14,686
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: LOTS A' BAGELS
CASE NO. 00-11443
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
SINTON DAIRY 12966 COST OF GOODS SOLD 1,564.73
PEPSI 12697 COST OF GOODS SOLD 270.00
SINTON DAIRY 12970 COST OF GOODS SOLD 1,100.25
SINTON DAIRY 12971 COST OF GOODS SOLD 623.67
HOBART 12973 REPAIRS 109.09
DOCTORS SUPPLY 12974 SUPPLIES 118.83
SYSCO 12975 COST OF GOODS SOLD 7,032.82
POSTMASTER 12976 SUPPLIES 3.20
POSTMASTER 12977 SUPPLIES 3.20
SINTON DAIRY 12979 COST OF GOODS SOLD 2,175.88
SNO WHITE 12980 SUPPLIES 59.28
SYSCO 12981 COST OF GOODS SOLD 7,620.69
SINTON DAIRY 12982 COST OF GOODS SOLD 1,170.24
POSTMASTER 12983 SUPPLIES 3.20
OFFICE MAX 12984 SUPPLIES 41.21
POSTMASTER 12985 SUPPLIES 3.20
PEPSI 12986 COST OF GOODS SOLD 1,110.00
SINTON DAIRY 12987 COST OF GOODS SOLD 2,098.65
SNO WHITE 12988 SUPPLIES 59.81
SYSCO 12989 COST OF GOODS SOLD 8,796.53
SINTON DAIRY 12990 COST OF GOODS SOLD 360.90
SINTON DAIRY 12991 COST OF GOODS SOLD 1,183.73
FEDERAL 12992 SUPPLIES 12.00
RAINBOW RILEY 12993 FINAL PAYROLL 376.45
PEPSI 12994 COST OF GOODS SOLD 1,395.00
SINTON DAIRY 12995 COST OF GOODS SOLD 711.23
POSTMASTER 12996 SUPPLIES 3.20
KINKOS 12997 SUPPLIES 37.14
SINTON DAIRY 12998 COST OF GOODS SOLD 408.00
SYSCO 12999 COST OF GOODS SOLD 10,417.51
SINTON DAIRY 13000 COST OF GOODS SOLD 1,910.40
DAWN FOOD 13138 COST OF GOODS SOLD 402.09
HOBART 13139 REPAIRS 69.00
DAWN FOOD 13141 COST OF GOODS SOLD 737.28
ALBERTSONS 13142 COST OF GOODS SOLD 165.82
MARION HILL 13144 TRAVEL 120.00
POSTMASTER 13146 SUPPLIES 3.20
OFFICE MAX 13147 SUPPLIES 140.59
ACCOUNTS PAYABLE SYSTEM CHECKS
AUSTIN BLUFSS 20173 RENT 3,334.00
BAGELMON 20174 RENT 3,540.00
DENVER COCA COLA 20175 COST OF GOODS SOLD 66.70
COLO SPRINGS UTILITIES 20176 UTILITIES 439.06
CWP ASSOCIATES 20177 RENT 3,489.50
EL PASO COUNTY 20178 GARNISHMENT 142.07
INSURANCE MANAGEMENT 20179 INSURANCE 3,965.00
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JOSEPH FELIX 20180 RENT 9,570.66
MCCAULEY REAL ESTATE 20181 RENT 2,468.13
DENNIS MCLAVEY 20182 RENT 4,457.00
MCLEOD USA 20183 UTILITIES 1,113.09
MOUNTAIN VIEW ELECTRIC 20184 UTILITIES 629.29
PAYROLL EXPRESS 20185 PAYROLL SERVICE 148.75
PEOPLES NATURAL GAS 20186 UTILITIES 74.14
LANE SALES 20187 SUPPLIES 562.50
PUBLIC SERVICE CO 20188 UTILITIES 84.24
SPRINT PCS 20189 UTILITIES 67.37
TACKETT FAMILY 20190 RENT 11,038.11
US WEST COMMUNICATIONS 20191 UTILITIES 180.04
WASTE MANAGEMENT 20192 UTILITIES 541.12
WESTPLAINS ENERGY 20193 UTILITIES 498.46
WINR BUSINESS CREDIT 20194 RENT 513.41
VERIZON WIRELESS 20195 UTILITIES 841.74
DENVER COCA COLA 20196 COST OF GOODS SOLD 33.35
COLO SPRINGS UTILITIES 20197 UTILITIES 3,262.19
DAWN FOOD PRODUCTS 20198 COST OF GOODS SOLD 691.31
EL PASO COUNTY 20199 GARNISHMENT 46.50
EL PASO COUNTY 20200 GARNISHMENT 142.07
EL PASO COUNTY 20201 GARNISHMENT 8.31
FAMILY SUPPORT 20202 GARNISHMENT 63.82
HIGHLAND WATER 20203 UTILITIES 42.89
MACON SYSTEMS 20204 SUPPLIES 45.00
MCI WORLDCOM 20205 UTILITIES 57.07
MONUMENT SANITATION 20206 UTILITIES 114.13
PAYROLL EXPRESS 20207 PAYROLL SERVICE 145.00
LANE SALES 20208 SUPPLIES 230.10
TEXACO 20209 UTILITIES 407.69
WASTE MANAGEMENT 20210 UTILITIES 666.62
ADVANCED BURGLAR 20211 UTILITIES 120.00
ARCH PAGING 20212 UTILITIES 124.68
COLO SPRINGS UTILITIES 20213 UTILITIES 156.62
MOUNTAIN VIEW ELECTRIC 20214 UTILITIES 667.38
RYDER TRANSPORTATION 20215 TRUCK LEASES 4,160.75
TOWN OF MONUMENT 20216 UTILITIES 88.85
US WEST COMMUNICATIONS 20217 UTILITIES 485.12
EL PASO COUNTY 20218 GARNISHMENT 142.07
EL PASO COUNTY 20219 GARNISHMENT 8.31
FAMILY SUPPORT 20220 GARNISHMENT 33.65
PAYROLL EXPRESS 20221 PAYROLL SERVICE 151.00
RUTH FISHER 20222 RENT 1,500.00
VOID 20223 VOID VOID
INSURANCE MANAGEMENT 20224 INSURANCE 3,965.00
PAYROLL 67,853.31
PAYROLL TAXES 22,659.31
SALES TAXES 7,994.49
BANK CHARGES/CREDIT CARD DISCOUNT FEES 1,330.94
PAID OUTS AT THE STORES
COST OF GOODS SOLD 10,676.32
SUPPLIES 1,601.01
REPAIRS 713.89
TOTAL DISBURSEMENTS FOR PERIOD 230,571.15
