SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
Commission File No.: 0-9503
Current Report
December 25, 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)
3001 SW 10th Street
Pompano Beach, Florida 33069
(Address of Principal Executive Offices)
(800) 670-7790
(Registrant's Telephone Number)
(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 October was filed with the Bankruptcy Court on December 25, 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 11/1/97 TO 11/30/97
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:
3001 SW 10th Street 1499 W Palmetto Road
Pompano Beach, FL 33069 Boca Raton, FL 33486
(800) 670-7790 (561) 395-0500
<PAGE>
Monthly Financial Report for Business
For the Period Beginning: 11/1/97 and Ending: 11/30/97
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 $ 38,426.73 $ 60,846.09
2. Receipts:
A. Cash Sales - -
Less: Cash Refunds - -
Net Cash Sales - -
B. Collections on Post Petition A/R 295,256.95 1,104,713.90
C. Collections on Pre Petition A/R 21,145.07 382,998.55
D. Other Receipts 236.00 50,086.29
3. TOTAL RECEIPTS 316,638.02 1,537,798.74
4. TOTAL CASH AVAILABLE FOR
OPERATIONS (Line 1 + Line 3) 355,064.75 1,598,644.83
5. DISBURSEMENTS
A. U.S. Trustee Quarterly Fees 3,750.00 7,500.00
B. Net Payroll 64,950.09 374,877.47
C. Payroll Taxes Paid 31,542.89 166,182.50
D. Sales and Use Taxes - -
E. Other Taxes 606.23 1,259.46
F. Rent 6,000.00 40,084.71
G. Other Leases 10,650.73 36,420.65
H. Telephone 34,307.20 172,246.29
I. Utilities - -
J. Travel & Entertainment 12,912.70 68,285.27
K. Vehicle Expenses - -
L. Office Supplies 2,064.58 10,283.88
M. Advertising 3,625.00 13,850.57
N. Insurance (Attachment 7) 7,094.73 78,519.90
O. Purchases of Fixed Assets 1,515.00 47,853.24
P. Purchases of Inventory 38,403.69 131,126.23
Q. Manufacturing Supplies - -
R. Repairs and Maintenance 317.33 1,242.65
S. Payments to Secured Creditors - -
T. Other Operating Expenses 74,745.37 386,332.80
(Attach List)
6. TOTAL CASH DISBURSEMENTS 292,485.54 1,536,065.62
7. ENDING CASH BALANCE
(LINE 4 - LINE 6) $ 62,579.21 $ 62,579.21
</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 20 day of December 1997.
<PAGE>
Monthly Financial Report for Business
Period Beginning: 11/1/97 and Ending: 11/31/97
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 - 1,197.38
Genesee County Payment in Error - 1,622.00
COD Supplies/Other 236.00 2,217.37
EMS Cash Advance - 24,900.00
APT Refund deposit - 10,000.00
Various Tax refunds - 257.51
State of Utah Receipt in error - 4,750.20
Void Checks - 245.52
Nasdaq Refund - 4,000.00
$ 236.00 $50,086.29
</TABLE>
<PAGE>
Monthly Financial Report for Business
Period Beginning: 11/1/97 and Ending: 11/30/97
Name of Debtor: Digital Products Corporation
Case Number: 97-21987-BKC-RBR
Date of Petition: 4/3/97
<TABLE>
<CAPTION>
OTHER OPERATING EXPENSES
Current Cumulative
Month to Date
<S> <C> <C>
Tax Account Bank Charge Service Charges 16.96 148.28
Barnett Bank Bank Charge Wire Transfer Fees - 75.00
Operating Acc Bank Charge Service Charges 65.33 454.04
Payroll Account Bank Charges Service Charges 20.49 131.52
Kinko's Copies for Tracking - 654.67
Postage Next Day Mailing - 56.75
Subcontractors Installers 2,975.45 20,409.51
Corporate License Fees - 330.00
Computer Programmer 5,875.00 29,325.48
Subcontractors Labor 18,394.39 59,447.14
Freight 9,999.10 47,334.30
Transfer Agent/Other 3,429.44 25,182.25
Patent Renewals 1,650.00 12,025.00
Refund (ck Rec in Error) - 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
L. Martin Commission - 1,000.00
T. Snellings Commission - 2,500.00
Various Network Support - 5,634.33
Various Move Expense - 7,006.60
SGSG Advance - 17,820.67
Competatech/Others Training 206.25 1,156.45
Employees Mileage - 168.44
Employees 125s Reimbursement - 2,588.00
Corporate Systems CCSN Deposit 31,612.96 61,612.96
Mike Luther Expense Advance - 6,206.10
USCF Fees 500.00 500.00
Various Deposits - 40,500.00
Total $ 74,745.37 $386,332.80
</TABLE>
ATTACHMENT 1
MONTHLY ACCOUNTS RECEIVABLE AGING AND RECONCILIATION
Name of Debtor: Digital Products Corporation
Case Number: 97-21987 BKC RBR
Reporting Period Beginning: 11/1/97 and Ending: 11/30/97
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 $ 574,750.53
Plus: Current Month New Billings 309,972.40
Less: Collections during the Month 316,402.02
End of Month Balance $ 568,320.91
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
$240,995.86 151,936.97 97,224.78 78,163.30 $568,320.91
<PAGE>
ATTACHMENT 2
MONTHLY ACCOUNTS PAYABLE AND SECURED PAYMENTS REPORT
Name of Debtor: Digital Products Corporation
Case #97-21987 BKC-RBR
Reporting Period Beginning 11/1/97 and Ending 11/31/97
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
26-Oct-97 5 Victor Flores Programming 1,937.50
31-Oct-97 1 United Parcel Service Freight 4,537.01
25-Oct-97 6 Liberty Court Travel Airfare 383.00
29-Oct-97 2 Industrial Assembly Straps 2,382.00
31-Oct-97 1 Pagenet Pagers 233.29
31-Oct-97 1 American Design Subcontract 4,691.05
31-Oct-97 1 F Garner & A Laporte Installer
(subcontractor) 987.48
30-Oct-97 2 Charles Nora Subcontract &
Expense 1,040.95
25-Oct-97 6 Corporate Systems Group Network Support 2,250.00
31-Oct-97 1 Various employees Expense reimburse 2,800.65
25-Oct-97 6 US West Telephone 1,110.37
20-Oct-97 11 Rhino Technologies Subcontract 1,407.00
31-Oct-97 1 Carnotel Phone service 1,873.74
$25,784.04
</TABLE>
ACCOUNTS PAYABLE RECONCILIATION (Post Petition Only):
Opening Balance (total from prior report) $ 22,318.21
Plus: New Indebtedness Incurred This Month 25,634.04
Less: Amount Paid on Prior Accounts Payable 22,168.21
End of Month Balance $ 25,784.04
Secured: List the status of Payments to Secured Creditors and Lessors (Post
Petition Only)
Number Total
of Post Amount of
Secured Date Petition Post Petition
Creditor/ Payment Payment Payments Payments
Lessor Due Amount Delinquent Delinquent
None
<PAGE>
ATTACHMENT 3
Name of Debtor: Digital Products Corporation
Case # 97-21987 BKC-RBR
Report Period Beginning 11/1/97 and Ending 11/30/97
INVENTORY REPORT
INVENTORY BALANCE AT PETITION DATE: $148,780.63
INVENTORY RECONCILIATION:
Inventory Balance at Beginning of Month $ 5,515.83
Inventory Purchased during Month 38,403.69
Inventory Used or Sold 31,356.68
Inventory on Hand at End of Month $ 12,562.84
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 $842,927.91
Less: Depreciation Expense 34,963.00
Plus: New Purchases 1,515.00
Ending Monthly Balance $809,479.91
BRIEF DESCRIPTION OF FIXED ASSETS PURCHASED OR DISPOSED OF DURING THE
REPORTING PERIOD:
Computer $1,515.00
<PAGE>
ATTACHMENT 4
MONTHLY BANK RECONCILIATIONS
DEBTOR: Digital Products Corporation
Case #97 21987 BKC-RBR
Report Period Beginning: 11/1/97 Ending: 11/30/97
BANK: Comerica Bank & Trust BRANCH: Boca Raton
ACCT NAME: Digital Products Corporation
ACCT NUMBER: 1811006533
PURPOSE OF ACCOUNT: Operating Account
Beginning Balance $ 37,567.66
Total of Deposits Made 316,638.02
Total Amount of Checks/Wires 197,889.78
Service Charges 65.33
Transfers to Other Accounts 94,221.76
Closing Balance $ 62,028.81
Number of First Check Written This Period 1470
Number of Last Check Written This Period 1561
Total Number of Checks Written This Period 88
Total Number of Wire Transfers 1
Voided Checks This Period 3
Total 92
BANK: Comerica Bank & Trust BRANCH: Boca Raton
ACCT NAME: Digital Products Corporation
ACCT NUMBER: 1811006541
PURPOSE OF ACCOUNT: Payroll Account
Beginning Balance $ 360.30
Total of Deposits Made 62,959.95 Transfers in
Total Amount of Checks Written 62,653.26
Service Charges Payroll Depot 296.83
Service Charges 20.49
Transfers to Other Accounts 0.00
Closing Balance $ 349.67
Number of First Check Written This Period 459
Number of Last Check Written This Period 515
Total Number of Checks Written This Period 58
Plus Manual Checks 0
Total 58
Plus Direct Deposits 60 Items
Total 118 Items
<PAGE>
ATTACHMENT 4
MONTHLY BANK RECONCILIATION
DEBTOR: Digital Products Corporation
Case # 97 21987 BKC-RBR
Report Period Beginning: 11/1/97 Ending: 11/30/97
BANK: Comerica Bank & Trust BRANCH: Boca Raton
ACCT NAME: Digital Products Corporation
ACCT NUMBER: 1811006558
PURPOSE OF ACCOUNT: Tax Account
Beginning Balance $ 498.77
Total of Deposits Made 31,261.81 Transfers in
Total Amount of Checks Written 31,542.89 Transfers out
Service Charges 16.96
Transfers to Other Accounts 0.00
Closing Balance $ 200.73
<PAGE>
ATTACHMENT 5
CHECK REGISTER
DEBTOR: Digital Products Corporation Case # 97-21987 BKC-RBR
Report Period Beginning: 11/1/97 And Ending: 11/30/97
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>
11/6/97 1536 LEP Profit Freight $ 946.00
11/2/97 1562 Bryan Brown Travel Expenses 1,100.61
11/3/97 1563 Ken Virgillito Travel Expenses 1,490.90
11/3/97 1564 Don Rokusek Travel Expenses 109.94
11/3/97 1565 Judy Sundberg Mileage 59.21
11/3/97 1566 AFCO Insurance Insurance 5,911.29
11/3/97 1567 United Parcel Service Freight 1,687.96
11/3/97 1568 Penny Woods Mileage 39.99
11/3/97 1569 Competatech Training 112.50
11/3/97 1570 Midwest Business Equip. Supplies 291.78
11/6/97 1571 Victor Flores Programming 1,937.50
11/7/97 1572 Carnotel Phone Systems 1,692.31
11/7/97 1573 Corporate Systems Group Fixed Assets 4,716.83
11/3/97 1574 American Design Co, Inc.Contract Labor 2,106.40
11/3/97 1575 Charles P Nora Consulting &
Expenses 1,040.95
11/4/97 1576 Telnet Data Group Inventory 3,688.46
11/4/97 wire Bank of Kaukauna Lease penalty 15,044.63
11/6/97 1577 Self Storage, Inc. Storage 1,142.00
11/6/97 1578 United Parcel Service Freight 1,200.93
11/6/97 1579 Industrial Assembly Inventory 2,382.00
11/6/97 1580 Eagle USA Freight 260.00
11/6/97 1581 Midwest Employee Ben. Health & Dental Ins. 2,556.42
11/6/97 1582 US West Telephone 1,110.37
11/6/97 1583 KBS, Inc. Rent 5,000.00
11/6/97 1584 Frank Garner Installer 640.00
11/6/97 1585 Albani Laporte III Installer 347.48
11/6/97 1586 Industrial Assembly Strap Kits 2,382.00
11/6/97 1587 Reliance Standard Insurance 76.92
11/6/97 1588 American Design Co Contract Labor 2,584.65
11/6/97 1589 Carnotel, Inc. Telephone 181.43
11/6/97 1590 Telogy Equipment Repair 131.44
11/6/97 1591 PageNet Pagers 233.29
11/6/97 1592 AT&T Telephone 5.64
11/7/97 1593 US Postmaster Postage 96.00
11/7/97 1594 United Parcel Service Freight 1,345.12
11/7/97 1595 Rhino Technologies Repair Technicians 1,407.00
11/7/97 1596 Florida Dept. of Rev. Intangible Tax 8,798.39
11/10/97 1597 Liberty Court Travel Airfare 1,023.00
11/10/97 1598 Memcon Office rent 1,000.00
11/12/97 1599 Dale Conrad Expenses 2,721.95
11/12/97 1600 Advanced Promo Tech Rent 7,409.13
11/13/97 1601 Richard Angulo Expenses 3,016.92
11/13/97 1602 Lawrence Martin Expenses 269.25
</TABLE>
<PAGE>
ATTACHMENT 5
CHECK REGISTER
DEBTOR: Digital Products Corporation Case # 97-21987 BKC-RBR
Report Period Beginning: 11/1/97 And Ending: 11/30/97
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>
11/14/97 1603 Jeff Serbin Repair supplies $ 297.09
11/17/97 1604 Rhino Technologies Repair Technicians 560.00
11/17/97 1605 LCI International Telephones 12,759.98
11/17/97 1606 Charles Nora Consulting & Expenses 794.73
11/17/97 1607 Renata Batteries Batteries 2,992.96
11/17/97 1608 Annie Angulo Mileage 164.61
11/17/97 1609 US Postmaster Box Rent 29.00
11/17/97 1610 Virginia Riscorp Workcomp insurance 22.16
11/17/97 1611 United Parcel Serv. Freight 3,615.07
11/17/97 1612 American Design Co Contract Labor 2,723.65
11/12/97 1613 Nextel Telephones 225.00
11/17/97 1614 Victor Flores Programming 1,012.50
11/16/97 1615
11/17/97 1616 Ken Virgillito Travel Expenses 551.93
11/17/97 1617 Bryan Brown Travel Expenses 589.32
11/17/97 1618 Access 2000, Inc Repairs 227.50
11/17/97 1619 Data Duplicating Shipping 41.25
Corp.
11/19/97 1620 Victor Flores Programming 1,612.50
11/19/97 1621 Midwest Financial Airfare 249.78
Service
11/20/97 1622 Telnet Data Group Inventory 320.88
11/20/97 1623 Liberty Court Travel Airfare 641.00
11/21/97 1624 Corporate Systems Argentina CCSN 1,150.00
Group
11/21/97 1625 American Stock Transfer Fees 1,600.00
11/21/97 1626 AT&T Telephone 321.36
11/21/97 1627 Electronic Filings Inc. SEC Filing 171.00
11/21/97 1628 AT&T Telephone 3,053.88
11/21/97 1629 Albani Laporte Installer 588.79
11/21/97 1630 Frank Garner Installer 470.00
1631 void -
11/21/97 1632 Electronic Monitoring Commission 2,843.25
11/21/97 1633 Liberty Court Travel Airfare 834.50
11/21/97 wire KBS, Inc. Inventory 10,000.00
11/24/97 1634 American Design Contract Labor 2,914.13
11/24/97 1635 Competatech, Inc. Training 225.00
11/24/97 1636 United Parcel Service Freight 2,360.17
11/24/97 1637 Dadan Packaging Inventory 85.00
11/24/97 1638 Industrial Assembly Strap Kits 16,662.00
11/24/97 1639 TCG Telephone 2,303.34
11/25/97 1640 Subway Lunch Meeting 23.99
11/25/97 1641 Gard Distributing Inventory 326.87
11/25/97 1642 Liberty Court Travel Airfare 7,386.50
11/25/97 wire Travis Snellings Commission Advance 4,000.00
1643
1644
1645
</TABLE>
<PAGE>
ATTACHMENT 5
CHECK REGISTER
DEBTOR: Digital Products Corporation Case # 97-21987 BKC-RBR
Report Period Beginning: 11/1/97 And Ending: 11/30/97
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>
11/26/97 1646 Don Rokusek Travel Expenses $ 59.61
11/26/97 1647 Ken Virgillito Expenses 300.12
11/29/97 1648 United Parcel Service Freight 397.09
11/29/97 1649 Competatech Training 337.50
11/29/97 1650 American Design Co. Contract labor 2,677.36
11/29/97 1651 Victor Flores Programming 1,312.50
11/29/97 1652 Judy Sundberg Expenses 422.10
$ 197,889.78
</TABLE>
<PAGE>
ATTACHMENT 5
CHECK REGISTER
DEBTOR: Digital Product Corporation Case #: 97-21987 BKC-RBR
Report Period Beginning: 10/1/97 and Ending: 10/31/97
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>
10/3/97 459-468+12 direct dep Employees Payroll $ 12,483.76
10/10/97 469-479+12 direct dep Employees Payroll 12,315.96
10/17/97 480-490+12 direct dep Employees Payroll 12,268.75
10/24/97 491-502+12 direct dep Employees Payroll 12,753.08
10/31/97 503-515+12 direct dep Employees Payroll 12,831.71
Sub Total Payroll Depot 62,653.26
October Payroll Depot Serv. Chg. 296.83
Grand Total $ 62,950.09
</TABLE>
ATTACHMENT 5
CHECK REGISTER
DEBTOR: Digital Products Corporation Case #97-21987 BKC - RBR
Report Period Beginning: 10/1/97 and Ending: 10/31/97
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>
10/2/97 transfer Payroll Depot payroll taxes $ 6,756.45
10/9/97 transfer Payroll Depot payroll taxes 5,420.84
10/17/97 transfer Payroll Depot payroll taxes 5,335.55
10/23/97 transfer Payroll Depot payroll taxes 5,586.25
10/30/97 transfer Payroll Depot payroll taxes 8,162.72
$31,261.81
</TABLE>
<PAGE>
ATTACHMENT 6a
Monthly Tax Report
DEBTOR: Digital Products Corporation Case #97-21987 BKC - RBR
Reporting Period Beginning: 10/1/97 and Ending: 10/31/97
TAXES PAID and ACCRUED DURING MONTH
<TABLE>
<CAPTION>
Date Bank Description Amount
<S> <C> <C> <C>
10/3/97 Comerica Bank FED WH $ 3,220.57
FICA 2,281.32
MEDICARE 587.05
FUTA 11.17
IN WH 62.77
NE WH 507.46
VA WH 28.18
FL SUTA 25.70
NE SUTA 32.20
$ 6,756.45
10/10/97 Comerica Bank FED WH $ 2,661.24
FICA 1,819.99
MEDICARE 479.15
FUTA 11.37
IN WH 62.77
NE WH 298.85
VA WH 28.18
FL SUTA 27.09
NE SUTA 32.20
$ 5,420.84
10/17/97 Comerica Bank FED WH $ 2,588.28
FICA 1,803.93
MEDICARE 475.49
FUTA 12.33
IN WH 62.77
NE WH 298.85
VA WH 28.18
FL SUTA 33.52
NE SUTA 32.20
$ 5,335.55
10/24/97 Comerica Bank FED WH $ 2,718.17
FICA 1,886.40
MEDICARE 494.72
FUTA 14.79
IN WH 62.77
NE WH 298.85
VA WH 28.18
FL SUTA 50.17
NE SUTA 32.20
$ 5,586.25
</TABLE>
<PAGE>
ATTACHMENT 6a
Monthly Tax Report
DEBTOR: Digital Products Corporation Case #97-21987 BKC - RBR
Reporting Period Beginning: 10/1/97 and Ending: 10/31/97
TAXES PAID and ACCRUED DURING MONTH
<TABLE>
<CAPTION>
Date Bank Description Amount
<S> <C> <C> <C>
10/31/97 Comerica Bank FED WH $ 4,208.91
FICA 2,591.41
MEDICARE 659.60
FUTA 10.77
IN WH 62.77
NE WH 298.85
VA WH 265.68
FL SUTA 50.03
NE SUTA 14.70
$ 8,162.72
TOTAL $31,261.81
</TABLE>
<PAGE>
ATTACHMENT 6b
DEBTOR: Digital Products Corporation Case #97-21987 BKC - RBR
Report Period Beginning: 10/1/97 and Ending: 10/31/97
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 10/31/97. Period: 2nd Quarter returns
<TABLE>
<CAPTION>
Name of Taxing Date Payment Description Amount
Authority Due
<S> <C> <C> <C>
Fed Taxes 10/08/97 Fed WH/Fica/Medicare $ 6,088.97 Pd
Fed Taxes 10/16/97 Fed WH/Fica/Medicare 4,960.38 Pd
Fed Taxes 10/22/97 Fed WH/Fica/Medicare 4,867.70 Pd
Fed Taxes 10/29/97 Fed WH/Fica/Medicare 5,099.29 Pd
Fed Taxes 11/05/97 Fed WH/Fica/Medicare 7,459.92 Pd
FUTA 01/31/98 Fed unemployment tax 60.43
IN WH 01/31/98 IN WH 313.85
NE WH 01/31/98 NE WH 1,702.86
VA WH 01/31/98 VA WH 378.40
FL SUTA 01/31/98 FL unemployment 186.51
NE SUTA 01/31/98 NE unemployment 143.50
</TABLE>
<PAGE>
ATTACHMENT 7
SUMMARY OF PERSONNEL & INSURANCE COVERAGES
Name of Debtor: Digital Products Corporation Case #97-21987 BKC - RBR
Report Period Beginning: 10/1/97 and Ending 10/31/97
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 $ 9,230.75 -
Michael Luther CEO/Chairman 11,538.50 -
Bryan Brown CFO/Secy 7,692.30 -
PERSONNEL REPORT
Full Time Part Time
Number of employees at beginning of period 21 2
Number hired during the period 3 -
Number converted to full time - -
Number terminated during the period 1 -
Number of employees on payroll at the end
of period 22 2
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
Due
<S> <C> <C> <C> <C> <C>
Riscorp of FL Alexander & Alex 12924 WC 4/1/98 11/2/97
305-279-7870
VA Riscorp Dade Underwriters 40076 WC 3/1/98 11/2/97
954-462-1304
Reliance Stand. Mahoney & Asso. LTD097814 LTD 8/1/97 11/2/97
Life Insurance 954-763-7971
Gotham Ins. Seitlin Ins. MM014842LP296 Comp. Gen'l 6/1/98 11/1/97
305-591-0090 Liability
Nat'l Union Seitlin Ins. BE9327676 Umbrella 6/1/98 11/1/97
Fire Ins. Co. 305-591-0090 Liability
of Pitt.
Pacific Ins. Seitlin Ins. ZG0008872 Property 5/1/98 11/1/97
Co. 305-591-0090
Fidelity & Seitlin Ins. CCP0033867 Crime 5/1/98 11/1/97
Dep. 305-591-0090
Mutual of Midwest Emp. Ben. 266 MBPT Health & 10/1/98 11/1/97
Omaha Dental
</TABLE>
<PAGE>
ATTACHMENT 8
SIGNIFICANT DEVELOPMENTS DURING REPORTING PERIOD
The Company filed its Plan of Reorganization and Disclosure Statement on June
16, 1997.
