SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
Commission File No.: 0-9503
Current Report
April 17, 1998
(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
March was filed with the Bankruptcy Court on April 17, 1998.
<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 3/1/98 TO 3/31/98
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: 3/1/98 and Ending:3/31/98
Name of Debtor: Digital Products Corporation Case Number 97-21987 BKC RBR
Date of Petition: 4/3/97
<TABLE>
<CAPTION>
Current Cumulitive
Month Petition to date
<S> <C> <C>
1. Cash at Beginning of Period $ 26,035.06 $ 60,846.09
2. Receipts
A. Cash Sales
Less: Cash refunds
Net Cash Sales
B. Collections on Postpetition A/R 142,964.94 2,288,087.86
C. Collections on Preptition A/R - 382,998.55
D. Other Receipts 50,000.00 109,076.29
3. Total Reciepts 192,964.94 2,780,162.70
4. Total Cash Available for _____________ ____________
Operations (line 1 + line 3) 219,000.00 2,841,008.79
5. Disbursements
A. U.S. Trustee Quarterly Fees 3,750.00 11,250.00
B. Net Payroll 70,200.97 703,860.28
C. Payroll Taxes Paid 33,688.23 323,501.55
D. Sales and Use Taxes - -
E. Other Taxes - 10,190.85
F. Rent - 63,084.71
G. Other Leases - 72,237.16
H. Telephone 2,740.34 240,934.82
I. Utilities - -
J. Travel & Entertainment 14,026.29 162,747.48
K. Vehicle Expenses - -
L. Office Supplies 578.29 21,234.32
M. Advertising - 13,850.57
N. Insurance (Attachment 7) 713.83 114,457.30
O. Purchases of Fixed Assets - 63,324.62
P. Purchases of Inventory 22,806.08 376,708.13
Q. Manufacturing Supplies - -
R. Repairs & Maintenance - 1,559.21
S. Payments to Secured Creditors - -
T. Other Operating Expenses 67,358.86 658,930.68
6. Total Cash Disbursements 215,862.89 2,837.871.68
7. Ending Cash Balance $ 3,137.11 $ 3,137.11
</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 17th day of April 1998.
<PAGE>
Monthly Financial Report for Business
Period Beginning: 3/1/98 and Ending: 3/31/98
Name of Debtor: Digital Products Corporation Case Number: 97-21987-BKC-RBR
Date of Petition: 4/3/97
<TABLE>
<CAPTION>
Other Recepts Current Cumulative
Month to Date
<S> <C> <C>
IL Unemployment Fund $ - $ 701.08
Dennis Herald Personal Shipping - 22.25
AT&T Refund - 172.98
Various Miscellaneous Income - 1,197.38
Genesee County Payment in Error - 1,622.00
COD Supplies/Other - 2,357.37
EMS Cash Advance - 24,900.00
State of Utah Pmt. Received in Error - 4,750.20
APT Refund Excess Deposit - 10,000.00
Various Tax Refunds - 257.51
Nasdaq Refund - 4,000.00
Judy Sundberg Advance - 8,850.00
Synergy Media Draw on Trust Funds 20,000.00 20,000.00
IMS, Inc. Reimburse Expenses 30,000.00 30,000.00
Void Checks - 245.52
$50,000.00 $109,076.29
</TABLE>
<PAGE>
Monthly Financial Report for Business
Period Beginning: 3/1/98 and Ending: 3/31/98
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> <C>
Tax Account Bank Charges $ 40.45 $ 296.41
Barnett Bank Bank Charges Wire Transfers - 75.00
Operating Acc. Bank Charges 90.99 1,075.27
Payroll Acc. Bank Charges 164.73 353.59
Kinko's Copies for Tracking - 654.67
Postage Next Day Mailing - 56.75
Subcontractors Installers 2,053.25 29,933.63
Corp. Lic Fees - 330.00
Computer Programers 2,237.50 43,475.48
Subcontractors Labor 33,431.72 181,920.34
UPS/Other Freight 8,301.54 82,226.36
Transfer Agent/Other Stkhr Mailing & Fees 9,800.00 38,875.25
Holl. & Knight Patent Renewals - 13,289.00
Refund (ck Rec in error) - 6,362.00
Adv. Payment Repayment - 24,900.00
Various Medical Claims - 2,451.88
Subcontractors Computer Supplies - 498.18
Sonet Kapila Interim CFO - 10,469.05
L. Martin Commission - 1,000.00
T. Snellings Consult/Commission 5,729.15 24,708.30
Corp. Sys. Gp./Othe Network Support - 10,534.33
Variious Moving Expense - 7,006.60
Cash Facilitators Advance - 18,786.09
Competatech/Others Training - 2,729.39
Employees Mileage Reimbursement - 166.44
Employees 125S Reimbursements - 2,588.00
Corp. Sys. CCSN Purchase - 61,612.96
Mike Luther Expense Advance - 12,556.10
Peggy Conway Expense Advance - 2,000.00
USCF Fees - 500.00
Various Service Deposits - 40,500.00
EMS Commission - 2,843.25
Bk of Kaukauna Utah Lease Shortage - 15,044.63
IMS, Inc. Reimbursed Expenses 5,509.53 5,509.53
Argentina Cons Consulting - 13,600.00
$ 67,358.86 $ 658,930.48
</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: 3/1/98 and Ending: 3/31/98
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 $697,186.19
Plus: Current Month New Billings 202,372.31
Less: Collections during the Month 142,964.94
End of Month Balance $756,593.56
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
$276,572.02 182,089.65 23,526.38 116,579.83 $598,767.88
<PAGE>
ATTACHMENT 2
MONTHLY ACCOUNTS PAYABLE AND SECURED PAYMENTS REPORT
Name of Debtor: Digital Products Corporation Case #97-21987 BKC-RBR
Reporting Period Beginning 3/1/98 and Ending 3/31/98
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
1-Feb-98 59 Access 2000 Computer System 10,358.00
1-Feb-98 59 Doug Hogmire Computer 1,383.55
9-Feb-98 51 Constant Elec.Serv. Wiring 116.50
10-Feb-98 50 Richard Angulo Expense Reimburse 1,831.53
28-Feb-98 31 Competatech Training 168.75
26-Feb-98 33 Carl Marjolis Consulting 693.75
2-Feb-98 58 AT&T Phones 3,053.88
28-Feb-98 31 TCG Telephone 2,308.25
23-Feb-98 36 LCI Long Distance 593.96
3-Feb-98 57 LCI Long Distance 14,502.58
2-Feb-98 58 xiNETix Rent 6,287.87
21-Feb-98 38 Deltec Repairs 1,663.40
16-Feb-98 43 FedEx Freight 288.75
18-Feb-98 45 Alvin Cohn Expenses 182.30
17-Feb-98 46 Bryan Brown Expenses 1,772.88
1-Mar-98 31 MEBA Health & Dental Ins 4,735.93
1-Mar-98 31 KBS, Inc. Rent 5,000.00
1-Mar-98 31 xiNETix Rent 6,168.85
1-Mar-98 31 Self Storage Storage space 1,142.00
1-Mar-98 31 TCG Local phones 2,338.39
1-Mar-98 31 American Stock Transfer fees 1,600.00
2-Mar-98 30 Richard Angulo Expenses 424.70
2-Mar-98 30 AT&T Credit Phone System 3,053.88
3-Mar-98 29 LCI International Long Distance 12,742.10
7-Mar-98 25 United Parcel Service Freight 1,733.13
9-Mar-98 23 Competatech Training 98.44
10-Mar-98 22 PageNet Pagers 263.73
11-Mar-98 21 Judy Sundberg Expenses 1,064.30
13-Mar-98 19 Riscorp FL Workcomp 1,702.56
14-Mar-98 18 United Parcel Service Freight 2,134.47
14-Mar-98 18 Chuck Nora Expenses 1,113.43
16-Mar-98 16 US West Telephone 620.77
15-Mar-98 17 Accounting Resources Contract Labor 717.20
19-Mar-98 13 Doug Hogmire Expenses 881.22
20-Mar-98 12 FedEx Freight 80.25
21-Mar-98 11 Judy Sundberg Expenses 142.00
21-Mar-98 11 United Parcel Service Freight 1,211.55
21-Mar-98 11 Chuck Nora Expenses 323.21
23-Mar-98 9 Gard Distributing Repair Parts 98.83
23-Mar-98 9 FedEx Freight 185.79
23-Mar-98 9 FedEx Freight 1,572.55
</TABLE>
<PAGE>
ATTACHMENT 2
MONTHLY ACCOUNTS PAYABLE AND SECURED PAYMENTS REPORT
Name of Debtor: Digital Products Corporation Case #97-21987 BKC-RBR
Reporting Period Beginning 3/1/98 and Ending 3/31/98
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>
23-Mar-98 9 LCI International Long Distance 1,027.98
24-Mar-98 8 Richard Angulo Expenses 933.60
25-Mar-98 7 SMA, Inc. Engineering 15,907.07
25-Mar-98 7 Electronic Filings SEC Filing 171.00
25-Mar-98 7 Liberty Court Travel Airfare 4,983.00
25-Mar-98 7 US West Local Phone 59.49
25-Mar-98 7 Accounting Resources Contract Labor 708.24
28-Mar-98 4 Liberty Court Travel Airfare & Cont Labor 2,802.00
28-Mar-98 4 Sandra Umana Contract Labor 80.00
28-Mar-98 4 Ken Virgillito Expenses 739.65
28-Mar-98 4 American Design Contract Labor 1,876.02
28-Mar-98 4 United Parcel Service Freight 1,750.22
29-Mar-98 3 Peggy Conway Expenses 1,861.84
30-Mar-98 2 Bryan Brown Expenses 2,756.00
31-Mar-98 1 Jeff Serbin Reim. Repair Parts 726.30
30-Mar-98 2 SMA, Inc. Engineering 6,637.00
30-Mar-98 2 FedEx Freight 330.00
31-Mar-98 1 Accounting Resources Contract Labor 672.38
31-Mar-98 1 Chuck Nora Expenses 104.39
$140,631.41
</TABLE>
ACCOUNTS PAYABLE RECONCILIATION (Post Petition Only):
Opening Balance (total from prior report) $ 63,335.28
Plus: New Indebtedness Incurred This Month 95,275.46
Less: Amount Paid on Prior Accounts Payable 17,979.33
End of Month Balance $140,631.41
Secured: List the status of Payments to Secured Creditors and
Lessors (Post Petition Only)
Number Total
of Post Amount of
Secured Dated 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 3/1/98 and Ending 3/31/98
INVENTORY REPORT
INVENTORY BALANCE AT PETITION DATE: $148,780.63
INVENTORY RECONCILIATION:
Inventory Balance at Beginning of Month $134,907.69
Inventory Purchased during Month 22,806.08
Inventory Used or Sold 32,756.36
Inventory on Hand at End of Month $124,957.41
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 $ 685,099.29
Less: Depreciation Expense 34,963.00
Plus: New Purchases -
Less: Disposed Under Lease Rejection 196,104.29
Ending Monthly Balance $ 454,032.00
BRIEF DESCRIPTION OF FIXED ASSETS PURCHASED OR DISPOSED OF DURING
THE REPORTING PERIOD:
<PAGE>
ATTACHMENT 4
MONTHLY BANK RECONCILIATIONS
DEBTOR: Digital Products Corporation Case #97 21987 BKC-RBR
Report Period Beginning: 3/1/98 Ending: 3/31/98
BANK: Comerica Bank & Trust BRANCH: Boca Raton
ACCT NAME: Digital Products Corporation
ACCT NUMBER: 1811006533
PURPOSE OF ACCOUNT: Operating Account
Beginning Balance $ 25,516.07
Total of Deposits Made 192,964.94
Total of Checks/Wires 112,410.51
Service/Other Charges 115.94
Transfers to Other Accounts 103,131.26
$ 2,823.30
Number of First Check Written This Period 1909
Number of Last Check Written This Period 1969
Total Number of Checks Written This Period 58
Total Number of Wire Transfers 4
Voided Checks This Period 3
Total 65
BANK: Comerica Bank & Trust BRANCH: Boca Raton
ACCT NAME: Digital Products Corporation
ACCT NUMBER: 1811006541
PURPOSE OF ACCOUNT: Payroll Account
Beginning Balance $ 402.68
Transfers In 69,443.03
Total of Checks & Direct Deposits 69,150.91
Service Charges - Payroll Depot 292.12
Service Charges - Bank 164.73
$ 237.95
Number of First Check Written This Period 720
Number of Last Check Written This Period 773
Total Number of Checks Written This Period 54
Plus Manual Checks 0
Total 54
Plus Direct Deposits 61 Items
Total 115 Items
<PAGE>
ATTACHMENT 4
MONTHLY BANK RECONCILIATION
DEBTOR: Digital Products Corporation Case #97 21987 BKC-RBR
Report Period Beginning: 3/1/98 Ending: 3/31/98
BANK: Comerica Bank & Trust BRANCH:Boca Raton
ACCT NAME: Digital Products Corporation
ACCT NUMBER: 1811006558
PURPOSE OF ACCOUNT: Tax Account
Beginning Balance $ 116.31
Total of Transfers In 33,688.23
Total of Transfers Out 33,688.23
Service Charges 40.45
$ 75.86
<PAGE>
ATTACHMENT 5
CHECK REGISTER
DEBTOR: Digital Products Corporation Case # 97-21987 BKC-RBR
Report Period Beginning: 3/1/98 And Ending: 3/31/98
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>
3/2/98 1909 American Stock Transfer Bankruptcy Mail/Fees 9,800.00
3/2/98 1910 US Trustee Bankruptcy Fees 3,750.00
3/2/98 1911 Accounting Resources Contract Labor 690.31
3/2/98 wire SMA, Inc. Engineering 10,009.79
3/2/98 1912 Neph Rodriguez Travel 1,700.00
3/3/98 1913 Travis Snellings Consulting/Travel 1,531.87
3/3/98 1914 Liberty Court Airfare 6,173.28
3/4/98 1915 Office Max Supplies 94.41
3/4/98 1916 Office Max Supplies 63.89
3/5/98 1917 Noel Bryan Payroll 466.07
3/6/98 1918 Frank Garner Installer 265.00
3/6/98 1919 Albani LaPorte III Installer 393.23
1920 Void
1921 Void
3/6/98 1922 Triple S Trans. Freight 3,546.40
3/2/98 1923 Trammell Crow Rent 939.00
3/6/98 1924 Kinkos Copies 232.38
3/10/98 1925 Frank Garner Installer 275.00
3/10/98 1926 Travis Snellings Consulting 1,145.83
3/10/98 1927 Albani LaPorte Installer 240.82
3/10/98 1928 Ken Virgillito Expenses 117.61
3/10/98 1929 Liberty Court Airfare 2,921.10
3/12/98 1930 Riscorp of Florida Workcomp 677.30
3/12/98 1931 Reliance Standard Life Ins. 36.53
3/16/98 1932 Don Rokusek Office Supplies 55.36
3/16/98 1933 Ken Virgillito Expenses 1,205.19
3/16/98 wire Dale Conrad Units 5,074.76
3/16/98 1934 Penny Woods Expenses 111.43
3/16/98 1935 US West Telephone 2,320.11
3/16/98 1936 Travis Snellings Expenses 1,000.00
3/16/98 1937 Travis Snellings Consulting 1,145.83
3/17/98 1938 Accounting Resources Contract labor 2,115.74
3/17/98 1939 Victor Flores Programmer 2,237.50
3/17/98 1940 Chuck Nora Expenses 582.95
3/17/98 1941 Doug Hogmire Expenses 1,085.01
3/17/98 1942 Minute Mann Copies 187.65
3/18/98 1943 Collen McCoy Publication 73.00
3/19/98 1944 Craig Thompson Payroll 291.87
3/20/98 1945 Industrial Assembly Straps 2,380.00
1946 Void
3/23/98 1947 United Parcel Service Freight 4,204.30
3/23/98 1948 United Parcel Service Freight 550.84
</TABLE>
<PAGE>
ATTACHMENT 5
CHECK REGISTER
DEBTOR: Digital Products Corporation Case # 97-21987 BKC-RBR
Report Period Beginning: 3/1/98 And Ending: 3/31/98
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>
3/24/98 1949 Cort Furniture Furniture 134.90
3/24/98 wire American Design Contract Labor 10,000.00
3/26/98 1950 Travis Snellings Consulting 1,145.83
3/26/98 wire American Design Contract Labor 7,049.03
3/27/98 1951 American Design Contract Labor 2,106.85
3/27/98 1952 Liberty Court Travel Airfare 2,191.00
3/27/98 1953 Renatta Batteries Batteries 2,977.20
3/30/98 1954 Dadan Packaging Boxes 1,123.00
3/30/98 1955 Industrial Assembly Strap Kits 4,760.00
3/30/98 1956 Reliable Office Sup. Supplies 170.68
3/30/98 1957 Apple Rubber Prod. Supplies 156.00
3/30/98 1958 EFD Repair Parts 223.91
3/30/98 1959 MSC Industrial Sup. Repair Parts 32.63
3/30/98 1960 Telnet Data Group Repair Parts 5,320.69
3/30/98 1961 Figaro Alcohol Sensors 757.89
3/30/98 1962 Frank Garner Installer 315.00
3/30/98 1963 Albani Laporte III Installer 564.20
3/30/98 1964 Craig Thompson Supplies 35.00
3/30/98 1965 Travis Snellings Expenses 699.52
3/30/98 1966 Travis Snellings Consulting 1,145.83
3/30/98 1967 Keith Lyttle Expenses 49.50
3/30/98 1968 Neph Rodriguez Travel Expenses 1,460.49
3/30/98 1969 Marcello Canay Expenses 300.00
Total $112,410.51
</TABLE>
<PAGE>
ATTACHMENT 5
CHECK REGISTER
DEBTOR: Digital Product Corporation Case #: 97-21987 BKC-RBR
Report Period Beginning: 3/1/98 and Ending: 3/31/98
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>
3/6/98 720-733+14 direct dep Employees Payroll $17,052.73
3/13/98 734-748+14 direct dep Employees Payroll 17,221.85
3/20/98 749-761+16 direct dep Employees Payroll 17,273.20
3/27/98 762-773+17 direct dep Employees Payroll 17,603.13
Sub Total Payroll 69,150.91
March Payroll Depot Serv. Chg. 292.12
Grand Total $69,443.03
</TABLE>
ATTACHMENT 5
CHECK REGISTER
DEBTOR: Digital Products Corporation Case #97-21987 BKC - RBR
Report Period Beginning: 3/1/98 and Ending: 3/31/98
NAME OF BANK: Comerica Bank & Trust
ACCOUNT NAME: Digital Products Corporation
ACCOUNT #: 1811006558
PURPOSE OF ACCOUNT: Tax Account
Date Check # Payee Purpose Amount
3/6/98 transfer Payroll Depot payroll taxes $ 8,215.12
3/13/98 transfer Payroll Depot payroll taxes 8,575.58
3/20/98 transfer Payroll Depot payroll taxes 8,301.69
3/27/98 transfer Payroll Depot payroll taxes 8,595.84
$ 33,688.23
<PAGE>
ATTACHMENT 6a
Monthly Tax Report
DEBTOR: Digital Products Corporation Case #97-21987 BKC - RBR
Reporting Period Beginning: 3/1/98 and Ending: 3/31/98
TAXES PAID and ACCRUED DURING MONTH
<TABLE>
<CAPTION>
Date Bank Description Amount
<S> <C> <C> <C>
3/6/98 Comerica Bank FED WH $ 3,673.30
FICA 2,849.02
MEDICARE 666.27
FUTA 77.55
IN WH 75.69
MN WH 21.58
NE WH 314.14
MD WH 42.66
MI WH 30.80
FL SUTA 327.34
MD SUTA 21.23
MI SUTA 14.54
MN SUTA 12.93
NE SUTA 55.76
WA SUTA 32.31
$ 8,215.12
3/13/98 Comerica Bank FED WH $ 3,861.86
FICA 2,959.57
MEDICARE 692.15
FUTA 78.99
IN WH 75.69
MD WH 42.66
MI WH 30.80
MN WH 21.58
NE WH 314.14
FL SUTA 375.51
MD SUTA 21.23
MI SUTA 14.54
MN SUTA 12.93
NE SUTA 41.62
WA SUTA 32.31
$ 8,575.58
</TABLE>
<PAGE>
ATTACHMENT 6a
Monthly Tax Report
DEBTOR: Digital Products Corporation Case #97-21987 BKC - RBR
Reporting Period Beginning: 3/1/98 and Ending: 3/31/98
TAXES PAID and ACCRUED DURING MONTH
<TABLE>
<CAPTION>
Date Bank Description Amount
<S> <C> <C> <C>
3/20/98 Comerica Bank FED WH $ 3,754.50
FICA 2,889.48
MEDICARE 675.80
FUTA 68.00
IN WH 75.69
MD WH 42.66
MI WH 30.80
MN WH 21.58
NE WH 314.14
FL SUTA 315.83
MD SUTA 21.23
MI SUTA 14.54
MN SUTA 12.93
NE SUTA 32.20
WA SUTA 32.31
$ 8,301.69
3/27/98 Comerica Bank FED WH $ 3,993.11
FICA 2,965.76
MEDICARE 693.59
FUTA 63.02
IN WH 75.69
MD WH 42.66
MI WH 30.80
MN WH 21.58
NE WH 314.14
FL SUTA 282.28
MD SUTA 21.23
MI SUTA 14.54
MN SUTA 12.93
NE SUTA 32.20
WA SUTA 32.31
$ 8,595.84
Total $33,688.23
</TABLE>
<PAGE>
ATTACHMENT 6b
DEBTOR: Digital Products Corporation Case #97-21987 BKC - RBR
Report Period Beginning: 3/1/98 and Ending: 3/31/98
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 1/31/98.
Period: 4th Quarter returns
Name of Taxing Date Payment Description Amount
Authority Due
Fed Taxes 03/11/98 Fed WH/Fica/Medicare $ 7,188.59 Pd
Fed Taxes 03/18/98 Fed WH/Fica/Medicare 7,513.58 Pd
Fed Taxes 03/25/98 Fed WH/Fica/Medicare 7,319.78 Pd
Fed Taxes 04/01/98 Fed WH/Fica/Medicare 7,652.45 Pd
FUTA 04/30/98 Fed unemployment tax 999.14
IN WH 04/15/98 IN WH 367.36
MD WH 04/15/98 MD WH 42.66
MI WH 04/15/98 MI WH 61.60
MN WH 04/15/98 MN WH 86.32
NE WH 04/15/98 NE WH 1,256.56
FL SUTA 04/30/98 FL unemployment 3,581.54
IN SUTA 04/30/98 IN unemployment 189.01
MD SUTA 04/30/98 MD unemployment 21.23
MI SUTA 04/30/98 MI unemployment 29.08
MN SUTA 04/30/98 MN unemployment 116.37
NE SUTA 04/30/98 NE unemployment 1,236.81
WA SUTA 04/30/98 WA unemployment 187.39
<PAGE>
ATTACHMENT 7
SUMMARY OF PERSONNEL & INSURANCE COVERAGES
Name of Debtor: Digital Products Corporation Case #97-21987 BKC - RBR
Report Period Beginning: 3/1/98 and Ending 3/31/98
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 $ 14,769.20 $ -
Michael Luther CEO/Chairman 9,230.80 -
Bryan Brown CFO/Secy 6,153.84 -
PERSONNEL REPORT
Full Time Part Time
Number of employees at beginning of period 24 2
Number hired during the period 2 -
Number converted to full time - -
Number terminated during the period - -
Number of employees on payroll at the end of period 26 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 4/2/98
305-279-7870
Reliance Stand. Mahoney & Asso. LTD097814 LTD 8/1/98 4/2/98
Life Insurance 954-763-7971
Gotham Ins. Seitlin Ins. MM014842LP296 Comp. Gen'l 6/1/98 paid
305-591-0090 Liability
Nat'l Union Fire Seitlin Ins. BE9327676 Umbrella 6/1/98 paid
Ins. Co. of Pitt. 305-591-0090 Liability
Pacific Ins. Co. Seitlin Ins. ZG0008872 Property 5/1/98 paid
305-591-0090
Fidelity & Dep. Seitlin Ins. CCP0033867 Crime 5/1/98 paid
305-591-0090
Mutual of Midwest Emp. Ben. 266 MBPT Health &
Omaha Dental 10/1/98 4/2/98
</TABLE>
<PAGE>
ATTACHMENT 8
SIGNIFICANT DEVELOPMENTS DURING REPORTING PERIOD
The Company filed its Third Plan of Reorganization and Disclosure
Statement on April 7, 1998.
