SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
Commission File No.: 0-9503
Current Report
August 13, 1997
(Date of Report - Date of Earliest Event Reported)
DIGITAL PRODUCTS CORPORATION
Florida 59-1141879
(State or other jurisdiction of (IRS Employer
Incorporation or organization) Identification No)
1498 Northwest 3rd Street
Deerfield Beach, Florida 33442
(Address of Principal Executive Offices)
(954) 296-9600
(Registrant's Telephone Number)
None
(Former Name, Former Address and Former Fiscal Year,
if changed since last report)
<PAGE>
ITEM 3. BANKRUPTCY OR RECEIVERSHIP
On April 3, 1997, the Company filed a voluntary petition under Chapter 11
of the U.S. Bankruptcy Act in the U.S. District Court for the Southern
District of Florida. Since that date, the Company has continued its
day-to-day business under the protection of the Bankruptcy Court as
Debtor-In-Possession. The following Monthly Financial Report for Business for
the month of July was filed with the Bankruptcy Court on August 16, 1997.
<PAGE>
UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF FLORIDA
MIAMI DIVISION
IN RE: CASE NUMBER
97-21987BKC-RBR
JUDGE RAYMOND B. RAY
DEBTOR. CHAPTER 11
DEBTOR'S MONTHLY FINANCIAL REPORTS (BUSINESS)
FOR THE PERIOD
FROM 7/1/97 TO 7/31/97
Comes now the above-named debtor and files its Periodic Financial Reports in
accordance with the Guidelines established by the United States Trustee and
FRBP 2015.
Robert Furr
Attorney for Debtor
Debtor's Address Attorney's Address
And Phone Number: and Phone Number:
1498 NW 3rd Street 1499 W Palmetto Road
Deerfield Beach, FL 33442 Boca Raton, FL 33486
954-246-9600 561-395-0500
<PAGE>
Monthly Financial Report for Business
For the Period Beginning: 7/1/97 and Ending: 7/31/97
Name of Debtor: Digital Products Corporation Case Number: 97-21987 BKC RBR
Date of Petition: 4/3/97
<TABLE>
<CAPTION>
Current Cumulative
Month Petition to Date
<S> <C> <C>
1. Cash at Beginning of Period $ 79,903.14 $ 60,846.09
2. Receipts:
A. Cash Sales - -
Less: Cash Refunds - -
Net Cash Sales - -
B. Collections on Post Petition A/R 211,220.39 401,662.96
C. Collections on Pre Petition A/R 19,853.35 346,825.16
D. Other Receipts 1,626.00 34,507.26
3. TOTAL RECEIPTS 232,699.74 782,995.38
4. TOTAL CASH AVAILABLE FOR
OPERATIONS (Line 1 + Line 3) 312,602.88 843,841.47
5. DISBURSEMENTS
A. U.S. Trustee Quarterly Fees 3,750.00 3,750.00
B. Net Payroll 48,280.94 197,713.43
C. Payroll Taxes Paid 22,035.27 87,263.30
D. Sales and Use Taxes - -
E. Other Taxes - -
F. Rent 5,000.00 20,000.00
G. Other Leases 10,842.12 15,752.12
H. Telephone 27,515.73 85,389.05
I. Utilities - -
J. Travel & Entertainment 14,878.85 31,364.45
K. Vehicle Expenses - -
L. Office Supplies 3,287.50 5,146.45
M. Advertising 2,969.94 4,944.94
N. Insurance (Attachment 7) 8,854.99 53,219.97
O. Purchases of Fixed Assets 16,241.06 25,781.17
P. Purchases of Inventory 17,260.20 72,413.17
Q. Manufacturing Supplies - -
R. Repairs and Maintenance - 238.50
S. Payments to Secured Creditors - -
T. Other Operating Expenses 75,545.02 184,723.66
(Attach List)
6. TOTAL CASH DISBURSEMENTS 256,461.62 787,700.21
7. ENDING CASH BALANCE
(LINE 4 - LINE 6) $ 56,141.26 $ 56,141.26
</TABLE>
I declare under penalty of perjury that this statement and the accompanying
documents and reports are true and correct to the best of my knowledge and
belief.
This 13 day of August 1997.
<PAGE>
Monthly Financial Report for Business
Period Beginning: 7/1/97 and Ending: 7/31/97
Name of Debtor: Digital Products Corporation Case Number: 97-21987-BKC-RBR
Date of Petition: 4/3/97
<TABLE>
<CAPTION>
OTHER RECEIPTS
Current Cumulative
Month to Date
<S> <C> <C>
IL Unemployment Refund - 701.08
Employees Shipping - 22.25
AT&T Refund - 172.98
Various Misc Income - 837.38
Genesee County Payment in Error - 1,622.00
COD Supplies 70.00 1,511.37
EMS Cash Advance - 24,900.00
State of Utah Receipt in Error 1,556.00 4,740.20
$ 1,626.00 $ 34,507.26
</TABLE>
<TABLE>
<CAPTION>
OTHER OPERATING EXPENSES
Current Cumulative
Month to Date
<S> <C> <C>
Tax Account Bank Charge Service Charges 13.61 100.40
Barnett Bank Bank Charge Wire Transfer Fees - 75.00
Operating Acc Bank Charge Service Charges 30.00 292.71
Payroll Account Bank Charges Service Charges 15.03 77.56
Kinko's Copies for Tracking - 654.67
Postage Next Day Mailing - 56.75
Subcontractors Installers 1,932.64 13,011.28
Corporate License Fees - 330.00
Computer Programmer 2,145.00 14,771.25
Subcontractors Labor 4,701.20 12,522.94
Freight 11,137.35 26,854.85
Transfer Agent 8,735.94 21,035.94
Patent Renewals 3,625.00 10,375.00
Refund (ck Rec in Error) 4,740.20 6,362.20
Advance Payment Repayment - 24,900.00
Various Medical Claims - 1,835.88
Subcontractors Computer Supplies - 498.18
S. Kapila Interim CFO 10,469.05 10,469.05
L. Martin Commission 1,000.00 1,000.00
Various Deposits 27,000.00 39,500.00
Total $ 75,545.02 $184,723.66
</TABLE>
<PAGE>
ATTACHMENT 1
MONTHLY ACCOUNTS RECEIVABLE AGING AND RECONCILIATION
Name of Debtor: Digital Products Corporation Case Number: 97-21987 BKC RBR
Reporting Period Beginning: 7/1/97 and Ending: 7/31/97
ACCOUNTS RECEIVABLE AT PETITION DATE: $534,314.00
ACCOUNTS RECEIVABLE RECONCILIATION (Includes all accounts receivable,
pre-petition and post-petition, including charge card sales, which have not
been received):
Beginning of Month Balance $ 532,887.49
Plus: Current Month New Billings 14,698.05
Less: Collections during the Month 231,073.74
End of Month Balance $ 316,511.80
Aging: (Show the total amount for each age group of accounts
Incurred since filing the petition)
0-30 days 31-60 days 61-90 days Over 90 Total
Days
$14,698.05 91,863.11 22,461.60 $129,022.76
<PAGE>
ATTACHMENT 2
MONTHLY ACCOUNTS PAYABLE AND SECURED PAYMENTS REPORT
Name of Debtor: Digital Products Corporation Case # 97-21987 BKC-RBR
Reporting Period Beginning 7/1/97 and Ending 7/31/97
In the space below list all invoices or bills incurred and not paid since the
filing of the petition. Do not include amounts owed prior to the filing of
the petition.
<TABLE>
<CAPTION>
Date Days
Incurred Outstanding Vendor Description Amount
<S> <C> <C> <C> <C>
24-Apr-97 Millward & Co. Audit 150.00 dispute
30-June-97 2 United Parcel Service 364-325 558.87
31-July-97 1 Dale English Installer (subcontractor) 240.00
31-July-97 1 Albani Laporte Installer (subcontractor) 718.00
31-July-97 1 Frank Garner Installer (subcontractor) 230.00
31-July-97 1 Dan Farley Installer (subcontractor) 725.00
31-July-97 1 LCI Long distance 20,500.00
$23,121.87
</TABLE>
ACCOUNTS PAYABLE RECONCILIATION (Post Petition Only):
Opening Balance (total from prior report) $27,235.35
Plus: New Indebtedness Incurred This Month 22,971.87
Less: Amount Paid on Prior Accounts Payable 27,085.35
End of Month Balance $23,121.87
Secured: List the status of Payments to Secured Creditors and Lessors (Post
Petition Only)
<TABLE>
<CAPTION>
Number Total
of Post Amount of
Secured Date Petition Post Petition
Creditor/ Payment Payment Payments Payments
Lessor Due Amount Delinquent Delinquent
<S> <C> <C> <C> <C>
None
</TABLE>
<PAGE>
ATTACHMENT 3
Name of Debtor: Digital Products Corporation Case # 97-21987 BKC-RBR
Report Period Beginning 7/1/97 and Ending 7/31/97
INVENTORY REPORT
INVENTORY BALANCE AT PETITION DATE: $148,780.63
INVENTORY RECONCILIATION:
Inventory Balance at Beginning of Month $ 6,611.08
Inventory Purchased during Month 17,260.20
Inventory Used or Sold 19,650.25
Inventory on Hand at End of Month $ 4,221.03
METHOD OF COSTING INVENTORY: Inventory is stated at lower of cost or
market using first-in, first-out method in determining cost, and replacement
cost or net realizable value in determining market.
FIXED ASSETS FAIR MARKET VALUE AT PETITION DATE: $716,000
(Includes Property, Plant and Equipment)
BRIEF DESCRIPTION (First Report Only):
FIXED ASSETS RECONCILIATION:
Fixed Assets Book Value at Beginning of Month $911,018.78
Less: Depreciation Expense 34,963.00
Plus: New Purchases 16,241.06
Ending Monthly Balance $892,296.84
BRIEF DESCRIPTION OF FIXED ASSETS PURCHASED OR DISPOSED OF DURING THE
REPORTING PERIOD:
Computer Equip. for Monitoring $5,598.46
Admin. Computer 1,581.53
Computer Drives/Equipment 1,001.07
Accounting Software 8,060.00
<PAGE>
ATTACHMENT 4
MONTHLY BANK RECONCILIATIONS
DEBTOR: Digital Products Corporation Case # 97 21987 BKC-RBR
Report Period Beginning: 7/1/97 Ending: 7/31/97
BANK: Comerica Bank & Trust BRANCH: Boca Raton
ACCT NAME: Digital Products Corporation
ACCT NUMBER: 1811006533
PURPOSE OF ACCOUNT: Operating Account
Beginning Balance $ 77,781.79
Total of Deposits Made 232,699.74
Total Amount of Checks/Wires 186,086.77
Service Charges 30.00
Transfers to Other Accounts 88,298.53
Closing Balance $ 36,066.23
Number of First Check Written This Period 1198
Number of Last Check Written This Period 1308
Total Number of Checks Written This Period 106
Total Number of Wire Transfers 2
Voided Checks This Period 5
Total 113
BANK: Comerica Bank & Trust BRANCH: Boca Raton
ACCT NAME: Digital Products Corporation
ACCT NUMBER: 1811006541
PURPOSE OF ACCOUNT: Payroll Account
Beginning Balance $ 1,328.76
Total of Deposits Made 60,810.56 Wires in
Total Amount of Checks Written 47,931.55
Service Charges Payroll Depot 349.39
Service Charges 15.03
Transfers to Other Accounts 0.00
Closing Balance $ 13,843.35
Number of First Check Written This Period 246
Number of Last Check Written This Period 313
Total Number of Checks Written This Period 68
Plus Manual Checks 0
Total 68
Plus Direct Deposits 28 Items
Total 96 Items
<PAGE>
ATTACHMENT 4
MONTHLY BANK RECONCILIATION
DEBTOR: Digital Products Corporation Case # 97 21987 BKC-RBR
Report Period Beginning: 7/1/97 Ending: 7/31/97
BANK: Comerica Bank & Trust BRANCH: Boca Raton
ACCT NAME: Digital Products Corporation
ACCT NUMBER: 1811006558
PURPOSE OF ACCOUNT: Tax Account
Beginning Balance $ 792.59
Total of Deposits Made 27,487.97 Wires in
Total Amount of Checks Written 22,035.27 Wires out
Service Charges 13.61
Transfers to Other Accounts 0.00
Closing Balance $ 6,231.68
<PAGE>
ATTACHMENT 5
CHECK REGISTER
DEBTOR: Digital Products Corporation Case # 97-21987 BKC-RBR
Report Period Beginning: 7/1/97 And Ending: 7/31/97
NAME OF BANK: Comerica Bank & Trust
ACCOUNT NAME: Digital Products Corporation
ACCOUNT #: 1811006533
PURPOSE OF ACCOUNT: Operating Account
<TABLE>
<CAPTION>
Date Check # Payee Purpose Amount
<S> <C> <C> <C> <C>
7/1/97 1198 American Stock Transfer Stockholder Mailing $6,978.80
7/1/97 1199 Office Depot Supplies 13.77
7/1/97 1200 Tracking Systems Corp. S. Kapila Claim 5,751.65
7/1/97 1201 Lone Star Delivery Delivery 38.05
7/1/97 1202 Valentinos Lunch Meeting 83.46
7/1/97 1203 Soneet Kapila Interim CFO 4,717.40
7/1/97 1204 Charles Nora Expenses 680.30
7/1/97 1205 Industrial Assembly Strap Kits 2,770.00
7/2/97 1206 AT&T Capital Corp. Phone Lease 3,053.88
7/2/97 1207 Access 2000 Computer 1,581.53
7/2/97 1208 Liberty Court Travel Travel 1,252.45
7/2/97 1209 American Design Contract Labor 986.00
7/2/97 1210 Trade Associates, Inc. Nat'l Assn. Of Counties 1,400.00
7/2/97 1211 Seitlin & Co. Insurance 5,911.29
7/7/97 1212 Bryan Brown Printer Ribbons 55.36
7/3/97 1213 KBS, Inc. Rent 5,000.00
7/7/97 1214 PageNet Pagers 232.03
7/7/97 1215 United Parcel Service Freight 2,490.31
7/7/97 1216 Virginia Riscorp Workcomp 22.16
7/7/97 1217 Riscorp Nat'l Ins Workcomp 1,098.88
7/7/97 1218 Telogy Equipment rent 131.44
7/7/97 1219 Corporate Systems Group Computer Equip. 5,598.46
7/8/97 1220 Poe & Brown Benefits Health Insurance 648.25
7/8/97 1221 Global Equipment Freight 12.70
7/8/97 1222 Jeffery Serbin Repair Parts 26.30
7/9/97 1223 Charles Nora Travel Expenses 899.66
7/9/97 1224 Dale Conrad Travel Expenses 786.01
7/9/97 1225 Dale Conrad Travel Expenses 3,286.77
7/11/97 1226 Victor Flores Computer Consulting 450.00
7/11/97 1227 Carwell, Inc. Computer Training 195.00
7/11/97 1228 Self-Storage, Inc. Storage rent 1,142.00
1229 Voided -
7/11/97 1230 Richard Angulo Equipment 1,001.07
7/11/97 1231 Richard Angulo Travel Expenses 1,910.10
7/11/97 1232 Holland & Knight Patents 375.00
7/11/97 1233 FedEx Shipping 42.84
7/11/97 1234 AT&T Capital Corp. Phone Lease 6,107.76
7/11/97 1235 American Design Contract Labor 754.00
7/11/97 1236 US Postmaster Postage 96.00
7/11/97 1237 Industrial Assembly Strap Kits 2,770.00
1238 Voided -
</TABLE>
<PAGE>
ATTACHMENT 5
CHECK REGISTER
DEBTOR: Digital Products Corporation Case # 97-21987 BKC-RBR
Report Period Beginning: 7/1/97 And Ending: 7/31/97
NAME OF BANK: Comerica Bank & Trust
ACCOUNT NAME: Digital Products Corporation
ACCOUNT #: 1811006533
PURPOSE OF ACCOUNT: Operating Account
<TABLE>
<CAPTION>
Date Check # Payee Purpose Amount
<S> <C> <C> <C> <C>
7/11/97 1239 Competatech Accounting Software $ 8,060.00
7/11/97 1240 Bank of Kaukana Refund Utah Payments 3,184.20
7/14/97 1241 EMS Fees 150.00
7/14/97 1242 Midwest Business Equip. Supplies 291.28
7/14/97 1243 Frank Garner Installer 255.00
7/14/97 1244 Albani Laporte Installer 365.50
7/14/97 1245 Dale English Installer 135.00
7/14/97 1246 Synergy Communications Website Design 275.00
7/14/97 1247 Dale Conrad Travel Reim. 939.32
7/14/97 1248 United Parcel Service Freight 1,839.54
7/14/97 1249 Liberty Court Travel Travel 1,270.00
7/14/97 1250 Dadan Packaging Inventory 145.56
7/14/97 1251 Norrell Contract Labor 283.92
7/14/97 wire EMS Deposit 10,000.00
7/16/97 1252 Charles Nora Travel Expenses 918.59
7/16/97 1253 Bank of Kaukana Refund Utah Payment 1,556.00
7/17/97 1254 Lawrence Martin Commission 1,000.00
7/17/97 1255 Ken Virgillito Travel Expenses 40.00
7/17/97 1256 AICPA Dues 100.00
7/17/97 1257 United Parcel Service Freight 1,928.78
7/17/97 1258 American Design Contract Labor 1,218.00
7/18/97 1259 Don Rokusek Travel Expenses 386.38
7/18/97 1260 McDonald & Associates Supplies 67.20
1261 Voided -
7/21/97 1262 Ken Virgillito Supplies 159.74
7/22/97 1263 US West Telephone 1,661.32
7/23/97 1264 Richard Angulo Travel/Supplies/Phone 2,022.33
7/23/97 1265 Lawrence Martin Expenses 54.18
7/23/97 1266 Pitney Bowes Credit Postage Meter 407.04
7/23/97 1267 KBS, Inc. Inventory 1,885.86
1268 Voided -
7/23/97 1269 Gard Distributing Straps 78.75
7/23/97 1270 Office Depot Supplies 58.23
7/23/97 1271 United Parcel Service Freight 2,790.79
7/23/97 1272 TCG Telephone 1,062.72
7/23/97 1273 Holland & Knight Patents 3,250.00
7/23/97 1274 Norrell Contract Labor 328.28
7/23/97 1275 Dadan Packaging Inventory 529.00
7/23/97 1276 Loncki & Associates Supplies 22.19
7/24/97 1277 American Stock Transfer Transfer Fee 1,600.00
7/24/97 1278 Tricor 18" Phone Cords 450.42
7/24/97 1279 Poe & Brown Benefits Health Insurance 1,051.04
7/24/97 1280 Albani Laporte Installer 687.14
</TABLE>
<PAGE>
ATTACHMENT 5
CHECK REGISTER
DEBTOR: Digital Products Corporation Case # 97-21987 BKC-RBR
Report Period Beginning: 7/1/97 And Ending: 7/31/97
NAME OF BANK: Comerica Bank & Trust
ACCOUNT NAME: Digital Products Corporation
ACCOUNT #: 1811006533
PURPOSE OF ACCOUNT: Operating Account
<TABLE>
<CAPTION>
Date Check # Payee Purpose Amount
<S> <C> <C> <C> <C>
7/24/97 1281 Frank Garner Installer $ 280.00
7/24/97 1282 Dale English Installer 210.00
7/24/97 1283 Industrial Assembly Strapkits 2,770.00
7/24/97 1284 Charles Nora Travel Expenses 1,075.63
7/24/97 1285 Renata Batteries Battery Packs 2,991.66
7/25/97 1286 United Parcel Service Deposit 4,000.00
7/25/97 1287 Charles Nora Office Supplies 286.19
7/25/97 1288 American Design Contract Labor 1,131.00
7/25/97 1289 Intouch Communications Telephone Deposit 3,000.00
7/28/97 1290 Reliance Standard Life Insurance 123.37
7/28/97 1291 Penny Woods Expenses 11.50
7/28/97 1292 Victor Flores Computer Consulting 1,500.00
7/29/97 1293 Data Duplicating Corp. Shipping Charges 71.96
7/29/97 1294 Gard Distributing Straps 98.95
7/29/97 1295 US Trustee Trustee Fees 3,750.00
7/29/97 1296 Prudential Securities Stockholder Mailing 157.14
7/29/97 1297 Liberty Court Travel Travel 1,394.50
7/30/97 1298 Richard Angulo Telephone/Supplies 780.84
7/30/97 1299 Annie Angulo Mileage 94.55
7/30/97 1300 United Parcel Service Freight 1,922.38
7/30/97 1301 LCI International Telephone 22,300.49
7/30/97 1302 Dale Conrad Travel/Supplies/Phone 1,773.49
1303 Voided -
7/30/97 1304 Jeffery Serbin Supplies 136.48
7/30/97 1305 Office Depot Supplies 82.66
7/30/97 1306 Tape Machine Supplies 15.00
7/30/97 1307 Industrial Assembly Strapkits 2,770.00
7/30/97 wire Advanced Promo Tech Deposit 10,000.00
7/31/97 1308 Lawrence Martin Travel 500.00
$186,086.77
</TABLE>
<PAGE>
ATTACHMENT 5
CHECK REGISTER
DEBTOR: Digital Product Corporation Case #: 97-21987 BKC-RBR
Report Period Beginning: 7/1/97 and Ending: 7/31/97
NAME OF BANK: Comerica Bank & Trust
ACCOUNT NAME: Digital Products
ACCOUNT #: 1811005541
PURPOSE OF ACCOUNT: Payroll Account
<TABLE>
<CAPTION>
Date Check # Payee Purpose Amount
<S> <C> <C> <C> <C>
7/3/97 246-260+7 direct dep Employees Payroll $11,295.63
7/11/97 261-277+7 direct dep Employees Payroll 12,050.18
7/18/97 278-294+7 direct dep Employees Payroll 11,458.72
7/25/97 295-313+7 direct dep Employees Payroll 13,127.02
Sub Total Payroll Depot 47,931.55
July Payroll Depot Serv. Chg 349.39
Grand Total $48,280.94
</TABLE>
ATTACHMENT 5
CHECK REGISTER
DEBTOR: Digital Products Corporation Case # 97-21987 BKC - RBR
Report Period Beginning: 7/1/97 and Ending: 7/31/97
NAME OF BANK: Comerica Bank & Trust
ACCOUNT NAME: Digital Products Corporation
ACCOUNT #: 1811006558
PURPOSE OF ACCOUNT: Tax Account
<TABLE>
<CAPTION>
Date Check # Payee Purpose Amount
<S> <C> <C> <C> <C>
7/3/97 wire transfer Payroll Depot payroll taxes $ 8,139.92
7/11/97 wire transfer Payroll Depot payroll taxes 5,472.12
7/18/97 wire transfer Payroll Depot payroll taxes 5,029.29
7/25/97 wire transfer Payroll Depot payroll taxes 5,704.64
$ 24,345.97
</TABLE>
<PAGE>
ATTACHMENT 6a
Monthly Tax Report
DEBTOR: Digital Products Corporation Case # 97-21987 BKC - RBR
Reporting Period Beginning: 7/1/97 and Ending: 7/31/97
TAXES PAID and ACCRUED DURING MONTH
Date Bank Description Amount
7/3/97 Comerica Bank FED WH $2,232.30
FICA 2,316.20
MEDICARE 541.72
FUTA 88.39
IN WH 62.77
MI WH 25.38
NE WH 182.10
VA WH 28.18
FL SUTA 76.36
IN SUTA 189.00
MI SUTA 18.17
NE SUTA 68.65
$5,829.22
7/11/97 Comerica Bank FED WH $2,465.44
FICA 1,998.48
MEDICARE 467.39
FUTA 30.98
IN WH 62.77
MI WH 25.38
NE WH 237.87
VA WH 28.18
FL SUTA 72.45
MI SUTA 18.17
NE SUTA 65.01
$5,472.12
7/18/97 Comerica Bank FED WH $2,263.43
FICA 1,886.22
MEDICARE 441.16
FUTA 21.61
IN WH 62.77
MI WH 25.38
NE WH 195.31
VA WH 28.18
FL SUTA 45.73
MI SUTA 18.17
NE SUTA 41.33
$5,029.29
<PAGE>
ATTACHMENT 6a
Monthly Tax Report
DEBTOR: Digital Products Corporation Case # 97-21987 BKC - RBR
Reporting Period Beginning: 7/1/97 and Ending: 7/31/97
TAXES PAID and ACCRUED DURING MONTH
Date Bank Description Amount
7/25/97 Comerica Bank FED WH $2,518.57
FICA 2,151.02
MEDICARE 503.04
FUTA 25.74
IN WH 62.77
MI WH 25.38
NE WH 243.58
VA WH 28.18
FL SUTA 71.09
MI SUTA 18.17
NE SUTA 57.10
$5,704.64
<PAGE>
ATTACHMENT 6b
DEBTOR: Digital Products Corporation Case # 97-21987 BKC - RBR
Report Period Beginning: 7/1/97 and Ending: 7/31/97
TAXES OWED AND DUE
Report all unpaid post-petition taxes including Federal & State withholding,
FICA, state sales tax, property tax, unemployment taxes and State WC. Date
last tax returns filed 7/27/97. Period: 2nd Quarter returns
Name of Taxing Date Payment Description Amount
Authority Due
Fed Taxes 07/08/97 Fed WH/Fica/Medicare $7,149.84 Pd
Fed Taxes 07/16/97 Fed WH/Fica/Medicare 4,931.31 Pd
Fed Taxes 07/23/97 Fed WH/Fica/Medicare 4,590.81 Pd
Fed Taxes 07/30/97 Fed WH/Fica/Medicare 5,172.63 Pd
FUTA 10/31/97 Fed unemployment tax 166.72
IN WH 10/31/97 IN WH 251.08
MI WH 10/31/97 MI WH 101.52
NE WH 10/31/97 NE WH 858.86
VA WH 10/31/97 VA WH 112.72
FL SUTA 10/31/97 FL unemployment 265.63
IN SUTA 10/31/97 IN unemployment 189.00
MI SUTA 10/31/97 MI unemployment 72.68
NE SUTA 10/31/97 NE unemployment 232.09
<PAGE>
ATTACHMENT 7
SUMMARY OF PERSONNEL & INSURANCE COVERAGES
Name of Debtor: Digital Products Corporation Case # 97-21987 BKC - RBR
Report Period Beginning: 7/1/97 and Ending 7/31/97
Report all compensation received during the month. Do not include
reimbursement for expenses incurred for which you have receipts.
Name of Officer: Title Amount Paid Travel Adv.
Richard Angulo Pres/COO $ 7,384.60
Michael Luther CEO/Chairman 4,615.40
Bryan Brown CFO/Secy 6,153.84
PERSONNEL REPORT
Full Time Part Time
Number of employees at beginning of period 20 3
Number hired during the period 2
Number terminated during the period -
Number of employees on payroll at the end of period 22 3
CONFIRMATION OF INSURANCE
List all policies of insurance in effect, including but not limited to
workers' compensation, liability, fire, theft, comprehensive, vehicle, health
& life.
<TABLE>
<CAPTION>
Carrier Agent & Phone # Policy # Coverage Expiration Date
Type Date Premium
<S> <C> <C> <C> <C> <C> Due
Riscorp of FL Alexander & Alex 12924 WC 4/1/98 8/2/97
305-279-7870
VA Riscorp Dade Underwriters 40076 WC 3/1/98 8/2/97
954-462-1304
Reliance Stand. Mahoney & Asso. LTD097814 LTD 8/1/97 8/2/97
Life Insurance 954-763-7971
Poe & Brown Mahoney & Asso. 901 Health 12/31/97 8/2/97
Benefits 954-793-7971
Gotham Ins. Seitlin Ins. MM014842LP296 Comp. Gen'l 6/1/98 8/1/97
305-591-0090 Liability
Nat'l Union Fire Seitlin Ins. BE932 21 38 Umbrella 6/1/98 8/1/97
Ins. Co. of Pitt. 305-591-0090 Liability
Pacific Ins. Co. Seitlin Ins. ZG0008872 Property 5/1/98 8/1/97
305-591-0090
Fidelity & Dep. Seitlin Ins. TBA Crime 5/1/98 8/1/97
305-591-0090
</TABLE>
ATTACHMENT 8
SIGNIFICANT DEVELOPMENTS DURING REPORTING PERIOD
The Company filed its Plan of Reorganization and Disclosure Statement on June
16, 1997.
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