<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of the Securities and Exchange Act of 1934
Date of Report: June 30, 1999
IMAGYN MEDICAL TECHNOLOGIES, INC.
(Exact name of Registrant as specified in its charter)
DELAWARE
(State or other jurisdiction of incorporation)
1-111150 98-0122944
(Commission (IRS Employer
file number) Identification Number)
5 CIVIC PLAZA, SUITE 100
NEWPORT BEACH, CALIFORNIA 92660
(Address of principal executive offices) (zip code)
(949) 720-8800
(Registrant's telephone number, including area code)
<PAGE> 2
ITEM 5. OTHER EVENTS.
As previously reported, the Registrant and its subsidiaries on May 18,
1999 filed a voluntary petition for reorganization under Chapter 11 of the
Bankruptcy Code in the United States Bankruptcy Court for the District of
Delaware (Case No. 99-1019(PJW)). Since that date, the Registrant has continued
managing its affairs as "debtors-in-possession" as defined in the Bankruptcy
Code.
The report of the Registrant covering the month ended May 31, 1999 filed
with the Office of The United States Trustee - Region 3, is included as an
exhibit to this report. The due date for the filing of the report with U.S.
Trustee was June 30, 1999.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
99.1 Monthly operating report to U.S. Trustee for May 1999.
<PAGE> 3
SIGNATURE
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.
Imagyn Medical Technologies, Inc.
Date: July 15, 1999 By /s/ Michael A. Montevideo
-------------------------------------
Michael A. Montevideo
Senior Vice President and
Chief Financial Officer
<PAGE> 4
INDEX OF EXHIBITS
EXHIBIT NUMBER DESCRIPTION
- -------------- -----------
99.1 Monthly operating report to U.S. Trustee for May 1999.
<PAGE> 1
Debtor: IMAGYN MEDICAL TECHNOLOGIES, INC. ACCRUAL BASIS - 1
Case Number: 99-01141PJW THRU 99-01146PJW
OFFICE OF THE UNITED STATES TRUSTEE - REGION 3
MONTHLY OPERATING REPORT
FOR THE MONTH ENDING MAY 31, 1999
<TABLE>
Document Previously Explanation
Required Attachments: Attached Submitted Attached
- --------------------- -------- ---------- ----------
<S> <C> <C> <C>
1. Tax Receipts ( ) (X) ( )
2. Bank Statements (X) ( ) ( )
3. Most recently filed
Income Tax Return ( ) (X) ( )
4. Most recent Annual Financial ( ) (X) ( )
Statements prepared by Accountant
</TABLE>
IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE
UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING
REPORT (ACCRUAL BASIS - 1 THROUGH ACCRUAL BASIS - 9) AND THE ACCOMPANYING
ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT
AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY) IS
BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE.
RESPONSIBLE PARTY:
/s/ Michael Montevideo Sr. Vice President and CFO
- -------------------------------------- ---------------------------------------
Signature of Responsible Party Title
Michael Montevideo June 29, 1999
- -------------------------------------- ---------------------------------------
Printed Name of Responsible Party Date
PREPARER:
/s/ Joseph Artino Vice President - Finance
- -------------------------------------- ---------------------------------------
Signature of Preparer Title
Joseph Artino June 29, 1999
- -------------------------------------- ---------------------------------------
Printed Name of Preparer Date
ALL CHAPTER 11 DEBTORS MUST FILE THIS REPORT WITH THE COURT AND SERVE A COPY ON
THE UNITED STATES TRUSTEE NO LATER THAN THE 15TH DAY OF THE MONTH FOLLOWING THE
END OF THE MONTH COVERED BY THE REPORT.
<PAGE> 2
Debtor: IMAGYN MEDICAL TECHNOLOGIES, INC. ACCRUAL BASIS - 2
Case Number: 99-01141PJW THRU 99-01146PJW Second Quarter
(UNAUDITED, DOLLARS IN THOUSANDS)
<TABLE>
<CAPTION>
MONTH MONTH MONTH
ASSETS May 31, 1999
- ------ --------- ------------- ---------
<S> <C> <C> <C>
1. Cash $ 794
2. Accounts Receivable (Net) 8,072
3. Inventory, net (lower of cost or market) 14,058
4. Note Receivable 1,857
5. Prepaid Expenses 1,716
6. Other (Attach List) -
7. Total Current Assets $ 26,497
8. Property, Plant & Equipment 31,447
9. Less: Accumulated Depreciation/Depletion (14,792)
10. Net Property, Plant & Equipment 16,655
11. Due from Affiliates & Insiders 2,385
12. Intangibles (Attach List) 48,990
13. Other (Attach List) 7,785
14. Total Assets $ 102,312
POST-PETITION LIABILITIES
15. Accounts Payable $ 835
16. Taxes Payable
17. Notes payable
18. Professional Fees
19. Secured Debt
20. Due to Affiliates & Insiders
21. Other (Attach List) 1,357
22. Total Post-petition Liabilities $ 2,192
PRE-PETITION LIABILITIES
23. Secured Debt $ 54,252
24. Priority Debt 1,541
25. Unsecured Debt 194,386
26. Other (Attach List)
27. Total Pre-petition Liabilities $ 250,179
28. Total Liabilities $ 252,371
EQUITY
29. Owner's Pre-petition Equity (148,502)
30. Post-petition Cumulative Profit or (Loss) (1,557)
31. Total Equity (Deficit) (150,059)
32. Total Liabilities & Owners' Equity $ 102,312
</TABLE>
<PAGE> 3
Debtor: IMAGYN MEDICAL TECHNOLOGIES, INC. ACCRUAL BASIS - 3
Case Number: 99-01141PJW THRU 99-01146PJW Second Quarter
(UNAUDITED, DOLLARS IN THOUSANDS)
<TABLE>
<CAPTION>
MONTH MONTH MONTH
REVENUES May 19 - 31, 1999
- -------- --------- ----------------- -------------
<S> <C> <C> <C>
1. Gross Revenue $ 871
2. Less: Returns & Discounts
3. Net Revenue $ 871
COST OF GOODS SOLD
4. Beginning Inventory
5. Add: Purchases
6. Less: Ending Inventory
7. Cost of Goods Sold $ 874
8. Gross Profit $ (3)
OPERATING EXPENSES
9. Officer/Insider Compensation $
10. Direct Labor/Salaries
11. Payroll Taxes
12. Rent & Lease Expense
13. Insurance
14. Depreciation/Depletion/Amortization 105
15. General & Administrative 1,100
16. Other (Attach List)
17. Total Operating Expenses $ 1,205
18. Operating Income $(1,208)
OTHER INCOME & EXPENSES
19. Other Income (Attach List)
20. Other Expenses (Attach List) 492
21. Interest Income 8
22. Other (Attach List)
23. Net Other Income & Expenses $ (484)
REORGANIZATION EXPENSES
24. Professional Fees $ 135
25. U.S. Trustee Fees
26. Other (Attach List)
27. Total Reorganization Expenses $ 135
28. Income Tax --
29. NET PROFIT (LOSS) $(1,557)
</TABLE>
<PAGE> 4
Debtor: IMAGYN MEDICAL TECHNOLOGIES, INC. ACCRUAL BASIS - 4
Case Number: 99-01141PJW THRU 99-01146PJW Bank: Wells Fargo
Account No.: 4759-011166
Page 1 of 11
Account Type: Zero Balance
Disbursement - Corporate
<TABLE>
<CAPTION>
CASH RECEIPTS AND MONTH MONTH MONTH
DISBURSEMENTS May 31, 1999
- ----------------- --------- ------------ ----------
<S> <C> <C> <C> <C>
1. Cash - Beginning of Month
RECEIPTS
2. Cash Sales
3. Collection of Accounts Receivable
4. Loans and Advances (Attach List)
5. Sales of Assets
6. Other (Attach List)
7. Total Receipts
CURRENT MONTH DISBURSEMENTS
</TABLE>
<TABLE>
<CAPTION>
CHECK
NUMBER DATE PAYEE PURPOSE AMOUNT
- ------ ---- ------------ ------- -----------
<S> <C> <C> <C> <C>
SEE ATTACHED $362,270.63
Total Bank Account Disbursements $362,270.63
End of Month Balance (Should equal ACCRUAL BASIS - 6, line 5)
</TABLE>
COMPLETE ONE FORM FOR EACH BANK ACCOUNT. LIST DISBURSEMENTS MADE BY CASH ON A
SEPARATE FORM. ATTACH ADDITIONAL SHEETS IF NECESSARY.
<PAGE> 5
Debtor: IMAGYN MEDICAL TECHNOLOGIES, INC. ACCRUAL BASIS - 4
Case Number: 99-01141PJW THRU 99-01146PJW Bank: Old Kent
Account No.: 1319982
Page 2 of 11
Account Type:
Disbursement - Surgical
<TABLE>
<CAPTION>
CASH RECEIPTS AND MONTH MONTH MONTH
DISBURSEMENTS May 31, 1999
- ----------------- ------------ ------------- --------------
<S> <C> <C> <C> <C>
1. Cash - Beginning of Month
RECEIPTS
2. Cash Sales
3. Collection of Accounts Receivable
4. Loans and Advances (Attach List)
5. Sales of Assets
6. Other (Attach List)
7. Total Receipts
8. Total Cash Available
</TABLE>
<TABLE>
<CAPTION>
CURRENT MONTH DISBURSEMENTS
CHECK
NUMBER DATE PAYEE PURPOSE AMOUNT
- ------ ---- ----------- ------- -----------
<S> <C> <C> <C> <C>
SEE ATTACHED $320,916.08
Total Bank Account Disbursements $320,916.08
End of Month Balance (Should equal ACCRUAL BASIS - 6, line 5)
</TABLE>
COMPLETE ONE FORM FOR EACH BANK ACCOUNT. LIST DISBURSEMENTS MADE BY CASH ON A
SEPARATE FORM. ATTACH ADDITIONAL SHEETS IF NECESSARY.
<PAGE> 6
Debtor: IMAGYN MEDICAL TECHNOLOGIES, INC. ACCRUAL BASIS - 4
Case Number: 99-01141PJW THRU 99-01146PJW Bank: Wells Fargo
Account No.: 4759-011299
Page 3 of 11
Account Type: Zero Balance
Disbursement - Urology
<TABLE>
<CAPTION>
CASH RECEIPTS AND MONTH MONTH MONTH
DISBURSEMENTS May 31, 1999
- ----------------- ------------ ------------- --------------
<S> <C> <C> <C> <C>
1. Cash - Beginning of Month
RECEIPTS
2. Cash Sales
3. Collection of Accounts Receivable
4. Loans and Advances (Attach List)
5. Sales of Assets
6. Other (Attach List)
7. Total Receipts
8. Total Cash Available
</TABLE>
<TABLE>
<CAPTION>
CURRENT MONTH DISBURSEMENTS
CHECK
NUMBER DATE PAYEE PURPOSE AMOUNT
- ------ ---- ----------- ------- -----------
<S> <C> <C> <C> <C>
SEE ATTACHED $13,671.70
Total Bank Account Disbursements $13,671.70
End of Month Balance (Should equal ACCRUAL BASIS - 6, line 5)
</TABLE>
COMPLETE ONE FORM FOR EACH BANK ACCOUNT. LIST DISBURSEMENTS MADE BY CASH ON A
SEPARATE FORM. ATTACH ADDITIONAL SHEETS IF NECESSARY.
<PAGE> 7
Debtor: IMAGYN MEDICAL TECHNOLOGIES, INC. ACCRUAL BASIS - 4
Case Number: 99-01141PJW THRU 99-01146PJW Bank: U. S. Bank
Account No.: 152100007367
Page 4 of 11
Account Type: Disbursement -
Med/Surge
<TABLE>
<CAPTION>
CASH RECEIPTS AND MONTH MONTH MONTH
DISBURSEMENTS May 31, 1999
- ----------------- ------------ ------------- --------------
<S> <C> <C> <C> <C>
1. Cash - Beginning of Month
RECEIPTS
2. Cash Sales
3. Collection of Accounts Receivable
4. Loans and Advances (Attach List)
5. Sales of Assets
6. Other (Attach List)
7. Total Receipts
8. Total Cash Available
</TABLE>
<TABLE>
<CAPTION>
CURRENT MONTH DISBURSEMENTS
CHECK
NUMBER DATE PAYEE PURPOSE AMOUNT
- ------ ---- ----------- ------- -----------
<S> <C> <C> <C> <C>
SEE ATTACHED $3,529.71
Total Bank Account Disbursements $3,529.71
End of Month Balance (Should equal ACCRUAL BASIS - 6, line 5)
</TABLE>
COMPLETE ONE FORM FOR EACH BANK ACCOUNT. LIST DISBURSEMENTS MADE BY CASH ON A
SEPARATE FORM. ATTACH ADDITIONAL SHEETS IF NECESSARY.
<PAGE> 8
Debtor: IMAGYN MEDICAL TECHNOLOGIES, INC. ACCRUAL BASIS - 4
Case Number: 99-01141PJW THRU 99-01146PJW Bank: Wells Fargo
Account No.: 4660035791
Page 5 of 11
Account Type: General
Operations
<TABLE>
<CAPTION>
CASH RECEIPTS AND MONTH MONTH MONTH
DISBURSEMENTS May 31, 1999
- ----------------- ------------ ------------- --------------
<S> <C> <C> <C> <C>
1. Cash - Beginning of Month
RECEIPTS
2. Cash Sales
3. Collection of Accounts Receivable
4. Loans and Advances (Attach List)
5. Sales of Assets
6. Other (Attach List)
7. Total Receipts
8. Total Cash Available
</TABLE>
<TABLE>
<CAPTION>
CURRENT MONTH DISBURSEMENTS
CHECK
NUMBER DATE PAYEE PURPOSE AMOUNT
- ------ ---- ------------- ---------------------------------- -------------
<S> <C> <C> <C> <C>
Wells Fargo Payroll funding $ 659,010.71
Wells Fargo ZBA Disbursement funding 107,605.29
Wells Fargo Pre-petition checks returned (101,095.22)
Wells Fargo ZBA Disbursement funding 1,326.57
Wells Fargo Pre-petition checks returned (1,326.57)
Cybro Inter-company Israeli Corp. funding 45,000.00
U. S. Bank Inter-company disbursement funding 4,150.00
Old Kent Bank Inter-company disbursement funding 203,461.17
Wells Fargo Bank fees 2,234.65
SEE ATTACHED
Total Bank Account Disbursements $1,015,072.99
End of Month Balance (Should equal ACCRUAL BASIS - 6, line 5)
</TABLE>
COMPLETE ONE FORM FOR EACH BANK ACCOUNT. LIST DISBURSEMENTS MADE BY CASH ON A
SEPARATE FORM. ATTACH ADDITIONAL SHEETS IF NECESSARY.
<PAGE> 9
Debtor: IMAGYN MEDICAL TECHNOLOGIES, INC. ACCRUAL BASIS - 4
Case Number: 99-01141PJW THRU 99-01146PJW Bank: First Union
Account No.: 2080000366487
Page 6 of 11
Account Type: Lockbox -
Urology
<TABLE>
<CAPTION>
CASH RECEIPTS AND MONTH MONTH MONTH
DISBURSEMENTS May 31, 1999
- ----------------- ------------ ------------- --------------
<S> <C> <C> <C> <C>
1. Cash - Beginning of Month
RECEIPTS
2. Cash Sales
3. Collection of Accounts Receivable SEE ATTACHED
4. Loans and Advances (Attach List)
5. Sales of Assets
6. Other (Attach List)
7. Total Receipts
8. Total Cash Available
</TABLE>
<TABLE>
<CAPTION>
CURRENT MONTH DISBURSEMENTS
CHECK
NUMBER DATE PAYEE PURPOSE AMOUNT
- ------ ---- ----------- ------- -----------
<S> <C> <C> <C> <C>
Total Bank Account Disbursements $
End of Month Balance (Should equal ACCRUAL BASIS - 6, line 5)
</TABLE>
COMPLETE ONE FORM FOR EACH BANK ACCOUNT. LIST DISBURSEMENTS MADE BY CASH ON A
SEPARATE FORM. ATTACH ADDITIONAL SHEETS IF NECESSARY.
<PAGE> 10
Debtor: IMAGYN MEDICAL TECHNOLOGIES, INC. ACCRUAL BASIS - 4
Case Number: 99-01141PJW THRU 99-01146PJW Bank: LaSalle National bank
Account No.: 5800130725
Page 7 of 11
Account Type: Lockbox -
Urology
<TABLE>
<CAPTION>
CASH RECEIPTS AND MONTH MONTH MONTH
DISBURSEMENTS May 31, 1999
- ----------------- ------------ ------------- --------------
<S> <C> <C> <C> <C>
1. Cash - Beginning of Month
RECEIPTS
2. Cash Sales
3. Collection of Accounts Receivable SEE ATTACHED
4. Loans and Advances (Attach List)
5. Sales of Assets
6. Other (Attach List)
7. Total Receipts
8. Total Cash Available
</TABLE>
<TABLE>
<CAPTION>
CURRENT MONTH DISBURSEMENTS
CHECK
NUMBER DATE PAYEE PURPOSE AMOUNT
- ------ ---- ----------- ------- -----------
<S> <C> <C> <C> <C>
Total Bank Account Disbursements $
End of Month Balance (Should equal ACCRUAL BASIS - 6, line 5)
</TABLE>
COMPLETE ONE FORM FOR EACH BANK ACCOUNT. LIST DISBURSEMENTS MADE BY CASH ON A
SEPARATE FORM. ATTACH ADDITIONAL SHEETS IF NECESSARY.
<PAGE> 11
Debtor: IMAGYN MEDICAL TECHNOLOGIES, INC. ACCRUAL BASIS - 4
Case Number: 99-01141PJW THRU 99-01146PJW Bank: LaSalle National Bank
Account No.: 5800130733
Page 8 of 11
Account Type: Lockbox -
Med/Surge
<TABLE>
<CAPTION>
CASH RECEIPTS AND MONTH MONTH MONTH
DISBURSEMENTS May 31, 1999
- ----------------- ------------ ------------- --------------
<S> <C> <C> <C> <C>
1. Cash - Beginning of Month
RECEIPTS
2. Cash Sales
3. Collection of Accounts Receivable SEE ATTACHED
4. Loans and Advances (Attach List)
5. Sales of Assets
6. Other (Attach List)
7. Total Receipts
8. Total Cash Available
</TABLE>
<TABLE>
<CAPTION>
CURRENT MONTH DISBURSEMENTS
CHECK
NUMBER DATE PAYEE PURPOSE AMOUNT
- ------ ---- ----------- ------- -----------
<S> <C> <C> <C> <C>
Total Bank Account Disbursements $
End of Month Balance (Should equal ACCRUAL BASIS - 6, line 5)
</TABLE>
COMPLETE ONE FORM FOR EACH BANK ACCOUNT. LIST DISBURSEMENTS MADE BY CASH ON A
SEPARATE FORM. ATTACH ADDITIONAL SHEETS IF NECESSARY.
<PAGE> 12
Debtor: IMAGYN MEDICAL TECHNOLOGIES, INC. ACCRUAL BASIS - 4
Case Number: 99-01141PJW THRU 99-01146PJW Bank: LaSalle National Bank
Account No.: 5800130717
Page 9 of 11
Account Type: Lockbox -
Surgical
<TABLE>
<CAPTION>
CASH RECEIPTS AND MONTH MONTH MONTH
DISBURSEMENTS May 31, 1999
- ----------------- ------------ ------------- --------------
<S> <C> <C> <C> <C>
1. Cash - Beginning of Month
RECEIPTS
2. Cash Sales
3. Collection of Accounts Receivable SEE ATTACHED
4. Loans and Advances (Attach List)
5. Sales of Assets
6. Other (Attach List)
7. Total Receipts
8. Total Cash Available
</TABLE>
<TABLE>
<CAPTION>
CURRENT MONTH DISBURSEMENTS
CHECK
NUMBER DATE PAYEE PURPOSE AMOUNT
- ------ ---- ----------- ------- -----------
<S> <C> <C> <C> <C>
Total Bank Account Disbursements $
End of Month Balance (Should equal ACCRUAL BASIS - 6, line 5)
</TABLE>
COMPLETE ONE FORM FOR EACH BANK ACCOUNT. LIST DISBURSEMENTS MADE BY CASH ON A
SEPARATE FORM. ATTACH ADDITIONAL SHEETS IF NECESSARY.
<PAGE> 13
Debtor: IMAGYN MEDICAL TECHNOLOGIES, INC. ACCRUAL BASIS - 4
Case Number: 99-01141PJW THRU 99-01146PJW Bank: Old Kent
Account No.: 1528641
Page 10 of 11
Account Type: Lockbox -
Surgical
<TABLE>
<CAPTION>
CASH RECEIPTS AND MONTH MONTH MONTH
DISBURSEMENTS May 31, 1999
- ----------------- ------------ ------------- --------------
<S> <C> <C> <C> <C>
1. Cash - Beginning of Month
RECEIPTS
2. Cash Sales
3. Collection of Accounts Receivable SEE ATTACHED
4. Loans and Advances (Attach List)
5. Sales of Assets
6. Other (Attach List)
7. Total Receipts
8. Total Cash Available
</TABLE>
<TABLE>
<CAPTION>
CURRENT MONTH DISBURSEMENTS
CHECK
NUMBER DATE PAYEE PURPOSE AMOUNT
- ------ ---- ----------- ------- -----------
<S> <C> <C> <C> <C>
Total Bank Account Disbursements $
End of Month Balance (Should equal ACCRUAL BASIS - 6, line 5)
</TABLE>
COMPLETE ONE FORM FOR EACH BANK ACCOUNT. LIST DISBURSEMENTS MADE BY CASH ON A
SEPARATE FORM. ATTACH ADDITIONAL SHEETS IF NECESSARY.
<PAGE> 14
Debtor: IMAGYN MEDICAL TECHNOLOGIES, INC. ACCRUAL BASIS - 4
Case Number: 99-01141PJW THRU 99-01146PJW Bank: LaSalle National Bank
Account No.: 5800130741
Page 11 of 11
Account Type: Lockbox -
Corporate
<TABLE>
<CAPTION>
CASH RECEIPTS AND MONTH MONTH MONTH
DISBURSEMENTS May 31, 1999
- ----------------- ------------ ------------- --------------
<S> <C> <C> <C> <C>
1. Cash - Beginning of Month
RECEIPTS
2. Cash Sales
3. Collection of Accounts Receivable SEE ATTACHED
4. Loans and Advances (Attach List)
5. Sales of Assets
6. Other (Attach List)
7. Total Receipts
8. Total Cash Available
</TABLE>
<TABLE>
<CAPTION>
CURRENT MONTH DISBURSEMENTS
CHECK
NUMBER DATE PAYEE PURPOSE AMOUNT
- ------ ---- ----------- ------- -----------
<S> <C> <C> <C> <C>
Total Bank Account Disbursements $
End of Month Balance (Should equal ACCRUAL BASIS - 6, line 5)
</TABLE>
COMPLETE ONE FORM FOR EACH BANK ACCOUNT. LIST DISBURSEMENTS MADE BY CASH ON A
SEPARATE FORM. ATTACH ADDITIONAL SHEETS IF NECESSARY.
<PAGE> 15
Debtor: IMAGYN MEDICAL TECHNOLOGIES, INC. ACCRUAL BASIS - 5
Case Number: 99-01141PJW THRU 99-01146PJW
<TABLE>
<CAPTION>
ACCOUNTS RECEIVABLE AGING (Based Upon Invoice Date)
- ------------------------- -------------------------
<S> <C> <C>
0 - 30 days old $ 1,896
31 - 60 days old 1,532
61 - 90 days old 797
91+ days old 11,557
Total Accounts Receivable $15,782
Amount Considered Uncollectible 7,710
Accounts Receivable (Net) $ 8,072
</TABLE>
AGING OF POST-PETITION ACCOUNTS PAYABLE
<TABLE>
<CAPTION>
0 - 30 31 - 60 61 - 90 91+
Days Days Days Days Total
------ ------- ------- --- -----
<S> <C> <C> <C> <C> <C>
Accounts Payable $586 -- -- -- $586
</TABLE>
STATUS OF POST-PETITION TAXES
<TABLE>
<CAPTION>
BEGINNING AMOUNT ENDING
TAX WITHHELD OR AMOUNT TAX DELINQUENT
LIABILITY* ACCRUED PAID LIABILITY TAXES
--------- ----------- ------ --------- ----------
<S> <C> <C> <C> <C> <C>
Federal
Withholding** $ $129,623 $ -- $129,623 $ --
FICA-Employee** 51,063 -- 51,063 --
FICA-Employer** 51,063 -- 51,063 --
Unemployment 450 -- 450 --
Income
Other (Attach List)
Total Federal Taxes $232,199 $232,199
State and Local
Withholding $ 31,918 -- $ 31,918
Sales
Excise
Unemployment 3,331 -- 3,331 --
Real Property
Personal Property
Other (Attach List) 902 -- 902 --
Total State and Local 36,151 -- 36,151 --
Total Taxes $268,350 -- $268,350 --
</TABLE>
* The beginning tax liability should represent the liability from the prior
month or, if this is the first operating report, the amount should be zero.
** Attach photocopies of IRS Form 6123 or your FTD coupon and payment receipt
to verify payment or deposit.
<PAGE> 16
Debtor: IMAGYN MEDICAL TECHNOLOGIES, INC. ACCRUAL BASIS - 6
Case Number: 99-01141PJW THRU 99-01146PJW Page 1 of 6
The debtor in possession must complete the reconciliation below for each bank
account, including all general, payroll and tax accounts, as well as all savings
and investment accounts, money market accounts, certificates of deposit,
government obligations, etc. Accounts with restricted funds should be identified
by placing an asterisk next to the account number. Attach additional sheets if
necessary.
BANK RECONCILIATIONS
<TABLE>
<CAPTION>
MONTH: May 1999
----------------------------------------------------
Account #1 Account #2 Account #3
------------ ------------- -------------
<S> <C> <C> <C> <C>
A. BANK U.S. Bank LaSalle First Union
B. ACCOUNT NUMBER: 192232073325 5800130741 2080000366487
C. PURPOSE (TYPE): Depository Lockbox Depository
Lockbox Lockbox
1. Balance per bank statement -0- 997.00 0
2. +Total deposits not credited 5,059.62 0 0
3. - Outstanding checks 0 0 0
4. +/- Other reconciling items (Attach List) 0 0 (110.40)
5. Month end balance per books 5,059.62 0 (110.40)
6. Number of last check written na na na
</TABLE>
INVESTMENT ACCOUNTS
<TABLE>
<CAPTION>
DATE OF TYPE OF PURCHASE CURRENT
BANK, ACCOUNT NAME & NUMBER PURCHASE INSTRUMENT PRICE VALUE
- --------------------------- -------- ---------- -------- ----------
<S> <C> <C> <C> <C> <C>
7. Wells Fargo, Business CD, 1660018524000 May 1997 CD 100,000 111,092.38
8. Wells Fargo, Business CD, 1660018052000 Oct 1996 CD 100,000 114,042.83
9.
10.
-----------
11. TOTAL INVESTMENTS $225,135.21
===========
CASH
12. CURRENCY ON HAND
13. TOTAL CASH - END OF MONTH (TOTAL OF LINES 5, 11 & 12)
</TABLE>
PLEASE ATTACH COPIES OF BANK STATEMENTS.
<PAGE> 17
Debtor: IMAGYN MEDICAL TECHNOLOGIES, INC. ACCRUAL BASIS - 6
Case Number: 99-01141PJW THRU 99-01146PJW Page 2 of 6
The debtor in possession must complete the reconciliation below for each bank
account, including all general, payroll and tax accounts, as well as all savings
and investment accounts, money market accounts, certificates of deposit,
government obligations, etc. Accounts with restricted funds should be identified
by placing an asterisk next to the account number. Attach additional sheets if
necessary.
BANK RECONCILIATIONS
<TABLE>
<CAPTION>
MONTH: May 1999
--------------------------------------------------------
Account #4 Account #5 Account #6
-------------- ------------- -------------
<S> <C> <C> <C> <C>
Old Kent
A. BANK LaSalle LaSalle Bank
B. ACCOUNT NUMBER: 5800130725 5800130733 1319982
Checking
C. PURPOSE (TYPE): Lockbox Lockbox Disbursement
1. Balance per bank statement 0 10,290.37 195,844.98
2. +Total deposits not credited 0 0 0
3. - Outstanding checks 0 0 (314,042.19)
4. +/- Other reconciling items (Attach List) 0 (315.90) 0
5. Month end balance per books 0 9,974.47 (118,197.21)
6. Number of last check written na na 162102
</TABLE>
INVESTMENT ACCOUNTS
<TABLE>
<CAPTION>
DATE OF TYPE OF PURCHASE CURRENT
BANK, ACCOUNT NAME & NUMBER PURCHASE INSTRUMENT PRICE VALUE
- --------------------------- ----------------- ---------- --------- ----------
<S> <C> <C> <C> <C>
7.
8.
9.
10.
----------
11. TOTAL INVESTMENTS $
==========
CASH
12. CURRENCY ON HAND
13. TOTAL CASH - END OF MONTH (TOTAL OF LINES 5, 11 & 12)
</TABLE>
PLEASE ATTACH COPIES OF BANK STATEMENTS.
<PAGE> 18
Debtor: IMAGYN MEDICAL TECHNOLOGIES, INC. ACCRUAL BASIS - 6
Case Number: 99-01141PJW THRU 99-01146PJW Page 3 of 6
The debtor in possession must complete the reconciliation below for each bank
account, including all general, payroll and tax accounts, as well as all savings
and investment accounts, money market accounts, certificates of deposit,
government obligations, etc. Accounts with restricted funds should be identified
by placing an asterisk next to the account number. Attach additional sheets if
necessary.
BANK RECONCILIATIONS
<TABLE>
<CAPTION>
MONTH: May 1999
---------------------------------------------------
Account #7 Account #8 Account #9
------------ ------------ -------------
<S> <C> <C> <C> <C>
A. BANK Old Kent
Bank LaSalle Barclays
B. ACCOUNT NUMBER: 1528641 5800130717 50530689
Depository
C. PURPOSE (TYPE): Lockbox Lockbox Disbursement
1. Balance per bank statement 15,065.56 74,601.26 10,910.03
2. +Total deposits not credited 0 22,583.54 0
3. - Outstanding checks 0 0 0
4. +/- Other reconciling items (Attach List) 863.51 0 .90
5. Month end balance per books 15,929.07 97,184.80 10,910.93
6. Number of last check written na na 100106
</TABLE>
INVESTMENT ACCOUNTS
<TABLE>
<CAPTION>
DATE OF TYPE OF PURCHASE CURRENT
BANK, ACCOUNT NAME & NUMBER PURCHASE INSTRUMENT PRICE VALUE
- --------------------------- ----------------- ---------- --------- ----------
<S> <C> <C> <C> <C>
7.
8.
9.
10.
----------
11. TOTAL INVESTMENTS $
==========
CASH
12. CURRENCY ON HAND
13. TOTAL CASH - END OF MONTH (TOTAL OF LINES 5, 11 & 12)
</TABLE>
PLEASE ATTACH COPIES OF BANK STATEMENTS.
<PAGE> 19
Debtor: IMAGYN MEDICAL TECHNOLOGIES, INC. ACCRUAL BASIS - 6
Case Number: 99-01141PJW THRU 99-01146PJW Page 4 of 6
The debtor in possession must complete the reconciliation below for each bank
account, including all general, payroll and tax accounts, as well as all savings
and investment accounts, money market accounts, certificates of deposit,
government obligations, etc. Accounts with restricted funds should be identified
by placing an asterisk next to the account number. Attach additional sheets if
necessary.
BANK RECONCILIATIONS
<TABLE>
<CAPTION>
MONTH: May 1999
---------------------------------------------------
Account #10 Account #11 Account #12
-------------- ------------ -------------
<S> <C> <C> <C> <C>
A. BANK Silicon Valley Wells Fargo Wells Fargo
B. ACCOUNT NUMBER: 600247170 4759011166 4759011299
ZBA ZBA
C. PURPOSE (TYPE): Disbursement Checking Checking
1. Balance per bank statement 755.06 0 0
2. +Total deposits not credited 0 0 0
3. - Outstanding checks 0 (355,760.56) (13,671.70)
4. +/- Other reconciling items (Attach List) 0 0 0
5. Month end balance per books 755.06 (355,760.56) (13,671.70)
6. Number of last check written 27116 44072 61007
</TABLE>
INVESTMENT ACCOUNTS
<TABLE>
<CAPTION>
DATE OF TYPE OF PURCHASE CURRENT
BANK, ACCOUNT NAME & NUMBER PURCHASE INSTRUMENT PRICE VALUE
- --------------------------- ----------------- ---------- --------- ----------
<S> <C> <C> <C> <C>
7.
8.
9.
10.
----------
11. TOTAL INVESTMENTS $
==========
CASH
12. CURRENCY ON HAND
13. TOTAL CASH - END OF MONTH (TOTAL OF LINES 5, 11 & 12)
</TABLE>
PLEASE ATTACH COPIES OF BANK STATEMENTS.
<PAGE> 20
Debtor: IMAGYN MEDICAL TECHNOLOGIES, INC. ACCRUAL BASIS - 6
Case Number: 99-01141PJW THRU 99-01146PJW Page 5 of 6
The debtor in possession must complete the reconciliation below for each bank
account, including all general, payroll and tax accounts, as well as all savings
and investment accounts, money market accounts, certificates of deposit,
government obligations, etc. Accounts with restricted funds should be identified
by placing an asterisk next to the account number. Attach additional sheets if
necessary.
BANK RECONCILIATIONS
<TABLE>
<CAPTION>
MONTH: May 1999
---------------------------------------------------
Account #13 Account #14 Account #15
------------ ------------ -------------
<S> <C> <C> <C> <C>
A. BANK Fleet Bank U.S. Bank Wells Fargo
B. ACCOUNT NUMBER: 0002297401 152100007367 4660035734
C. PURPOSE (TYPE): Health
Disbursement Disbursement ZBA Payroll
1. Balance per bank statement 43,000.00 3,900.96 0
2. +Total deposits not credited 0 0 0
3. - Outstanding checks 0 (3,529.71) (14,352.25)
4. +/- Other reconciling items (Attach List) 0 0 0
5. Month end balance per books 43,000.00 371.25 (14,352.25)
6. Number of last check written na 27005 36715
1001366
</TABLE>
INVESTMENT ACCOUNTS
<TABLE>
<CAPTION>
DATE OF TYPE OF PURCHASE CURRENT
BANK, ACCOUNT NAME & NUMBER PURCHASE INSTRUMENT PRICE VALUE
- --------------------------- ----------------- ---------- --------- ----------
<S> <C> <C> <C> <C>
7.
8.
9.
10.
----------
11. TOTAL INVESTMENTS $
==========
CASH
12. CURRENCY ON HAND
13. TOTAL CASH - END OF MONTH (TOTAL OF LINES 5, 11 & 12)
</TABLE>
PLEASE ATTACH COPIES OF BANK STATEMENTS.
<PAGE> 21
Debtor: IMAGYN MEDICAL TECHNOLOGIES, INC. ACCRUAL BASIS - 6
Case Number: 99-01141PJW THRU 99-01146PJW Page 6 of 6
The debtor in possession must complete the reconciliation below for each bank
account, including all general, payroll and tax accounts, as well as all savings
and investment accounts, money market accounts, certificates of deposit,
government obligations, etc. Accounts with restricted funds should be identified
by placing an asterisk next to the account number. Attach additional sheets if
necessary.
BANK RECONCILIATIONS
<TABLE>
<CAPTION>
MONTH: May 1999
-----------------------------------
Account #16 Account #17
-------------- -------------
<S> <C> <C> <C>
A. BANK Wells Fargo Wells Fargo
B. ACCOUNT NUMBER: 4417833415 4660035791
C. PURPOSE (TYPE): Concentration General
Sweep Disbursement
1. Balance per bank statement 174,684.08 50,000.00
2. +Total deposits not credited 0 0
3. - Outstanding checks 0 0
4. +/- Other reconciling items (Attach List) 0 0
5. Month end balance per books 174,684.08 50,00.00
6. Number of last check written na na
</TABLE>
INVESTMENT ACCOUNTS
<TABLE>
<CAPTION>
DATE OF TYPE OF PURCHASE CURRENT
BANK, ACCOUNT NAME & NUMBER PURCHASE INSTRUMENT PRICE VALUE
- --------------------------- ----------------- ---------- --------- ----------
<S> <C> <C> <C> <C>
7.
8.
9.
10.
----------
11. TOTAL INVESTMENTS $
==========
CASH
12. CURRENCY ON HAND
13. TOTAL CASH - END OF MONTH (TOTAL OF LINES 5, 11 & 12)
</TABLE>
PLEASE ATTACH COPIES OF BANK STATEMENTS.
<PAGE> 22
LIST OF OTHER RECONCILING ITEMS
FIRST Union Account 2080000366487
3/31/99 Mastercard/Visa deposit not posted on books (110.40)
LaSalle Account 5800130733
3/15/99 deposit not yet posted on books (166.20)
3/23/99 deposit not yet posted on books (149.70)
Old Kent Bank Account 1528641
Unrecorded bank fees 863.51
Barclays Bank Account 50530689
Difference due to foreign currency restatement .90
<PAGE> 23
Debtor: IMAGYN MEDICAL TECHNOLOGIES, INC. ACCRUAL BASIS - 7
Case Number: 99-01141PJW THRU 99-01146PJW
PAYMENTS TO INSIDERS AND PROFESSIONALS
Of the total distributions shown for the month, list the amount paid to insiders
(as defined in Section 101(31)-(A)- (F) of the U.S. Bankruptcy Code) and to
professionals. For payments to insiders, identify the type of compensation paid
(e.g. salary, bonus, commission, insurance, housing allowance, travel, car
allowance, etc.). Attach additional sheets if necessary.
INSIDERS
<TABLE>
<CAPTION>
CUMULATIVE
TYPE OF AMOUNT UNPAID
NAME POSITION PAYMENT PAID BALANCE
- ----------------------------- -------- ------- -------- ----------
<S> <C> <C> <C> <C> <C>
1. SEE ATTACHED $113,582 -0-
2.
3.
4.
5.
--------
6. TOTAL PAYMENTS TO INSIDERS $113,582
========
</TABLE>
PROFESSIONALS
<TABLE>
<CAPTION>
DATE OF
COURT ORDER TOTAL
TYPE OF AUTHORIZING AMOUNT AMOUNT PAID
NAME PROFESSIONAL PAYMENT APPROVED PAID TO DATE
- -------------------- ------------------ ----------- -------- ------ --------
<S> <C> <C> <C> <C> <C>
1. debtor attorney
2. debtor accountant
3.
4.
5.
6. TOTAL PAYMENTS TO
PROFESSIONALS $ 0
</TABLE>
ADEQUATE PROTECTION PAYMENTS
<TABLE>
<CAPTION>
SCHEDULED AMOUNTS TOTAL
NAME OF MONTHLY PAID DURING UNPAID POST-
CREDITOR PAYMENTS DUE MONTH PETITION
- ---------------------------------- ------------ ----------- ------------
<S> <C> <C> <C>
1.
2.
3.
4.
5.
6.
7.
8. TOTAL $ 0
</TABLE>
<PAGE> 24
Debtor: IMAGYN MEDICAL TECHNOLOGIES, INC. ACCRUAL BASIS - 8
Case Number: 99-01141PJW THRU 99-01146PJW
QUESTIONNAIRE
<TABLE>
<CAPTION>
YES NO
--- --
<S> <C> <C> <C>
1. Have any assets been sold or transferred outside the normal course of business this
reporting period? XX
2. Have any funds been disbursed from any account other than a debtor in possession account? XX
3. Are any Post-petition receivables (accounts, notes, or loans) due from
related parties? XX
4. Have any payments been made on Pre-petition liabilities this reporting period? XX
5. Have any Post-petition loans been received by the debtor from any party? XX
6. Are any Post-petition payroll taxes past due? XX
7. Are any Post-petition state or federal income taxes past due? XX
8. Are any Post-petition real estate taxes past due? XX
9. Are any other Post-petition taxes past due? XX
10. Are any amounts owed to Post-petition creditors past due? XX
11. Have any Pre-petition taxes been paid during the reporting period? XX
12. Are any wage payments past due? XX
</TABLE>
If the answer to any of the above questions is "YES", provide a detailed
explanation of each item. Attach additional sheets if necessary.
Question #4:
Response:
Pursuant to an order dated May 19, 1999 the debtors have made payments to
employees for all out-of-pocket business related expenses incurred
Pre-petition and made salary, wage and payroll tax payments for
Pre-petition earnings.
Question #5:
Response:
On May 19, 1999 the Court granted an interim order authorizing securing
Post-petition financing of $4.0 million as of May 31, 1999 the debtors did
not draw upon this revolving credit facility.
INSURANCE
<TABLE>
<CAPTION>
YES NO
--- --
<S> <C> <C> <C>
1. Are worker's compensation, general liability and other necessary insurance
coverages in effect? XX
2. Are all premium payments paid current? XX
3. Please itemize policies below
</TABLE>
If the answer to any of the above questions is "NO", or if any policies have
been canceled or not renewed during this reporting period, provide explanation
below. Attach additional sheets if necessary.
INSTALLMENT PAYMENTS
<TABLE>
<CAPTION>
TYPE OF PERIOD PAYMENT AMOUNT
POLICY CARRIER COVERED & FREQUENCY
-------- --------- --------- ---------------
<S> <C> <C> <C>
</TABLE>
<PAGE> 25
Debtor: IMAGYN MEDICAL TECHNOLOGIES, INC. ACCRUAL BASIS - 9
Case Number: 99-01141PJW THRU 99-01146PJW 5/1/99 - 5/30/99
PERSONNEL
<TABLE>
<CAPTION>
FULL TIME PART TIME
--------- ---------
<S><C> <C> <C>
1. Total Number of employees at beginning of period 375 0
2. Number of employees hired during the period 5 3
3. Number of employees terminated or resigned during the period 6 0
4. Total number of employees on payroll at end of period 374 3
</TABLE>
CHANGE OF ADDRESS
If your mailing address has changed and you have not previously notified the
United States Trustees of the change, list your new address below.
Date of Change: ___________________________________
New Address: ___________________________________
___________________________________
___________________________________
<PAGE> 26
Debtor: IMAGYN MEDICAL TECHNOLOGIES, INC. SCHEDULE 7-A
Case Number: 99-01141PJW THRU 99-01146PJW
Reporting May 19, 1999 thru May 31, 1999
PAYMENTS TO INSIDERS
<TABLE>
<CAPTION>
NAME POSITION TYPE OF PAYMENT AMOUNT PAID
- ---- -------- --------------- -----------
<S> <C> <C> <C>
Charlie Laverty Chairman, CEO Wages $ 31,250.
Auto allowance 750.
Travel reimbursement 9,641.
Michael Quinn COO Wages 12,500.
Auto allowance 500.
Travel reimbursement 6,510.
Michael Montevideo CFO Wages 12,500.
Travel reimbursement 4,127.
Kevin Higgins General Counsel Wages 9,792.
Auto allowance 300.
Travel reimbursement 4,581.
Richard Newhauser Director/Consultant Wages 14,583.
Travel reimbursement 2,080.
Lawrence Goelman Director Travel reimbursement 4,468.
---------
Total: $113,582.
=========
</TABLE>
<PAGE> 27
Debtor: IMAGYN MEDICAL TECHNOLOGIES, INC. SCHEDULE 2-15
Case Number: 99-01141PJW THRU 99-01146PJW
ACCOUNTS PAYABLE
(UNAUDITED, DOLLARS IN THOUSANDS)
<TABLE>
<CAPTION>
MONTH MONTH MONTH
May 31, 1999
---------- ------------ --------
<S> <C> <C> <C>
Accounts Payable - Trade $586
Post-petition Accrued Interest on Pre-petition Debt 219
Accrued Sales Tax (Post-petition) 4
Accrued Rebates/Royalties Post-petition 266
----
Total Accounts Payable: $835
====
</TABLE>
<PAGE> 28
Debtor: IMAGYN MEDICAL TECHNOLOGIES, INC. SCHEDULE 2-21
Case Number: 99-01141PJW THRU 99-01146PJW
POST-PETITION LIABILITIES - OTHER
(UNAUDITED, DOLLARS IN THOUSANDS)
<TABLE>
<CAPTION>
MONTH MONTH MONTH
May 31, 1999
--------- ------------ ---------
<S> <C> <C> <C>
Accrued Salary, Wages, Payroll Taxes $1280
Withheld 401-K Contributions 53
Withheld Flex spending Contributions 15
Accrued (Post-petition) Vacation Liability 9
-----
Total Other: $1357
=====
</TABLE>
<PAGE> 29
Debtor: IMAGYN MEDICAL TECHNOLOGIES, INC. SCHEDULE 2-23
Case Number: 99-01141PJW THRU 99-01146PJW
PRE-PETITION LIABILITIES - SECURED DEBT
(UNAUDITED, DOLLARS IN THOUSANDS)
<TABLE>
<CAPTION>
MONTH MONTH MONTH
May 31, 1999
--------- ------------ ---------
<S> <C> <C> <C>
Revolving Line of Credit (Principle Only) $36,066
Term Loan A (Principle Only) 13,499
Term Loan B (Principle Only) 1,300
Term Loan C (Principle Only) 340
Building Mortgage (Principle Only) 3,000
Capitalized Equipment Leases - Current portion 18
Capitalized Equipment Leases - Long term portion 29
-------
Total Secured Debt: $54,252
=======
</TABLE>
<PAGE> 30
Debtor: IMAGYN MEDICAL TECHNOLOGIES, INC. SCHEDULE 2-24
Case Number: 99-01141PJW THRU 99-01146PJW
PRE-PETITION LIABILITIES - PRIORITY DEBT
(UNAUDITED, DOLLARS IN THOUSANDS)
<TABLE>
<CAPTION>
MONTH MONTH MONTH
May 31, 1999
--------- ------------ ---------
<S> <C> <C> <C>
Accrued Vacation Liability $1,268
Accrued Commissions 56
Accrued Workers' Compensation 202
Withheld Taxes and Garnishments 15
------
Total Priority Debt: $1,541
======
</TABLE>
<PAGE> 31
Debtor: IMAGYN MEDICAL TECHNOLOGIES, INC. SCHEDULE 2-25
Case Number: 99-01141PJW THRU 99-01146PJW
PRE-PETITION LIABILITIES - UNSECURED DEBT
(UNAUDITED, DOLLARS IN THOUSANDS)
<TABLE>
<CAPTION>
MONTH MONTH MONTH
May 31, 1999
--------- ------------ ---------
<S> <C> <C> <C>
Sr. Subordinated Notes (Principle only) $ 108,635
Convertible Debentures (Principle only) 50,000
Accounts payable - Trade 11,894
Accrued Expenses 7,208
Accrued Interest on Pre-petition Debt 11,451
Accrued Rebates/Royalties/Warranty Reserve 478
Accrued property/Income Taxes 1,111
Restructuring Liability Accrued - Current Portion 300
Restructuring Liability Accrued - Long Term Portion 626
Deferred MicroSpan Royalty Income 1,000
Accrued Executory Acquisition Contracts 1,601
Other 82
---------
Total Unsecured Debt: $194,3886
=========
</TABLE>
<PAGE> 32
Debtor: IMAGYN MEDICAL TECHNOLOGIES, INC. SCHEDULE 3-15
Case Number: 99-01141PJW THRU 99-01146PJW
(UNAUDITED, DOLLARS IN THOUSANDS)
<TABLE>
<CAPTION>
MONTH MONTH MONTH
May 31, 1999
--------- ------------ ---------
<S> <C> <C> <C>
Operating Expenses:
Research and Development $ 158
Selling 254
Customer Service 10
Marketing 97
International 66
Regulatory Affairs (8)
G&A - Operations 93
Information systems 62
Finance 65
Human Resources 15
Corporate Facilities 23
Corporate Insurance 20
Chairman (79)
Aviation 5
Legal 272
New business development 47
------
Total Operating Expenses: $1,000
======
</TABLE>
<PAGE> 33
Imagyn Medical Technologies, Inc.
Schedule of Checks printed from Wells Fargo Account #4758-011166
for the period from May 19, 1999, to May 31, 1999
<TABLE>
<CAPTION>
Check Number Check Date Vendor Name Check Amount Purpose
------------ ---------- ----------------------------- ------------ -------------------------
<S> <C> <C> <C> <C>
44000 5/26/99 Void - Check Alignment
44001 5/26/99 APPLEONE EMPLOYMENT 3,854.53 EMPLOYEE PLACEMENT
44002 5/26/99 UNITED PARCEL SERVIC 15,000.00 Deposits, Freight
44003 5/26/99 AARON S. INGLE 533.69 Pre-Petition Employee T&E
44004 5/26/99 ALFRED BOATWRIGHT 49.98 Pre-Petition Employee T&E
44005 5/26/99 CAROL J. SHERMAN 694.98 Pre-Petition Employee T&E
44006 5/26/99 CASSIE HOAG 5,600.59 Pre-Petition Employee T&E
44007 5/26/99 DARRELL ECKSTEIN 7,173.32 Pre-Petition Employee T&E
44008 5/26/99 DAVID G. GOODMAN 4,533.90 Pre-Petition Employee T&E
44009 5/26/99 DEBORAH KAMINSKY 3,256.62 Pre-Petition Employee T&E
44010 5/26/99 DENNIS CONSTANTINOU 5,560.33 Pre-Petition Employee T&E
44011 5/26/99 EDWARD MUSOLFF 2,148.75 Pre-Petition Employee T&E
44012 5/26/99 GARY SANDERS 161.31 Pre-Petition Employee T&E
44013 5/26/99 GUY LOWERY 325.05 Pre-Petition Employee T&E
44014 5/26/99 HARRIET SCHWARTZMAN 5,867.49 Pre-Petition Employee T&E
44015 5/26/99 HARRY GETZ 9,622.00 Pre-Petition Employee T&E
44016 5/26/99 JOHN M. TAYLOR 752.96 Pre-Petition Employee T&E
44017 5/26/99 JOSEPH ARTINO 482.34 Employee T&E
44018 5/26/99 JOYCE KILLEN 271.54 Pre-Petition Employee T&E
44019 5/26/99 KEITH THOLIN 542.07 Pre-Petition Employee T&E
44020 5/26/99 KEVIN HIGGINS 4,581.03 Pre-Petition Employee T&E
44021 5/26/99 LAWRENCE GOELMAN 4,468.34 Pre-Petition Employee T&E
44022 5/26/99 LEONARD HANKINS 180.18 Pre-Petition Employee T&E
44023 5/26/99 LINDA R. BEAN 46.70 Pre-Petition Employee T&E
44024 5/26/99 LINDA ROSA 301.68 Pre-Petition Employee T&E
44025 5/26/99 LYN KIMBERLY 1,207.48 Pre-Petition Employee T&E
44026 5/26/99 MALCOLM D. HEAVEN 1,894.40 Pre-Petition Employee T&E
44027 5/26/99 MICHAEL MONTEVIDEO 4,127.02 Pre-Petition Employee T&E
44028 5/26/99 MICHAEL QUINN 6,510.07 Pre-Petition Employee T&E
44029 5/26/99 Miron F. Marcu 66.47 Pre-Petition Employee T&E
44030 5/26/99 RANDY CONDIE 16,842.22 Pre-Petition Employee T&E
44031 5/26/99 RICHARD NEWHAUSER 2,080.00 Pre-Petition Employee T&E
44032 5/26/99 ROBERT RABINER 818.40 Pre-Petition Employee T&E
44033 5/26/99 ROBERT WINKE 4,308.73 Pre-Petition Employee T&E
44034 5/26/99 SAMANTHA PROPECK 13,293.60 Pre-Petition Employee T&E
44035 5/26/99 SANTIAGO FLORES 100.80 Pre-Petition Employee T&E
44036 5/26/99 STEPHEN BAGLEY 5,203.89 Pre-Petition Employee T&E
44037 5/26/99 STEPHEN BUMB 2,630.95 Pre-Petition Employee T&E
44038 5/26/99 STEPHEN MCMINDES 6,116.90 Pre-Petition Employee T&E
44039 5/26/99 STEVE HARRINGTON 1,485.19 Pre-Petition Employee T&E
44040 5/26/99 SUSAN SABO 930.00 Pre-Petition Employee T&E
44041 5/26/99 THOMAS FLORA 395.50 Pre-Petition Employee T&E
44042 5/26/99 THOMAS L. KINDER 7,394.66 Pre-Petition Employee T&E
44043 5/26/99 TOM FLORA 106.57 Pre-Petition Employee T&E
44044 5/26/99 WILLIAM BARRETT 9,248.97 Pre-Petition Employee T&E
44045 5/26/99 WILLIAM DORADO 3.15 Pre-Petition Employee T&E
44046 5/26/99 STEPHEN BUMB 1,139.77 Pre-Petition Employee T&E
44047 5/26/99 WILLIAM BARRETT 194.35 Pre-Petition Employee T&E
44048 5/26/99 SUSAN SABO 268.51 Pre-Petition Employee T&E
44049 5/26/99 BURNS, DOANE, SWECKE 4,210.00 Patent Fees
44050 5/27/99 UPS CUSTOMHOUSE BROK 223.33 FREIGHT
44051 5/27/99 DISTRICT COURT TRUST 450.00 Pre-Petition Employee Garnishment
44052 5/27/99 Greater Kalamazoo United Way 231.78 Pre-Petition Employee P/R Deducted Contribution
44053 5/27/99 HAMILTON COUNTY HUMA 1,459.61 Pre-Petition Employee Garnishment
44054 5/27/99 Polk County Clerk of 544.38 Pre-Petition Employee Garnishment
44055 5/27/99 AFLAC 643.74 Pre-Petition Employee Flex Plan Spend Acct
44056 5/27/99 CHARLES LAVERTY 9,640.86 Pre-Petition Employee T&E
44057 5/27/99 CHICAGO TRUST CO. 96,255.36 Pre-Petition Employee 401K Plan Payment
44058 5/27/99 EASTWATER SCIENTIFIC 656.33 Raw Material Deposits
44059 5/27/99 EIT INSTRUMENTATION 113.00 Raw Material Deposits
44060 5/27/99 EXTRUSIONEERING 2,100.00 Raw Material Deposits
44061 5/27/99 FORTIS BENEFITS INSU 17,287.78 Pre-Petition Employee Insurance - Life, other
44062 5/27/99 GAR INTERNATIONAL 1,214.99 FREIGHT
44063 5/27/99 IMAGYN FLEXIBLE SPEN 6,038.98 Pre-Petition Employee Flex Plan Spend Acct
44064 5/27/99 MULTIVAC INC. 408.00 Raw Material Deposits
44065 5/27/99 NAMSA 508.50 STERILIZATION & TEST
44066 5/27/99 PAUL REVERE INSURANC 2,215.54 Pre-Petition Employee Ins - Exec LTD
44067 5/27/99 State of Washington 86.59 Pre-Petition Employee Workers Comp prem
44068 5/27/99 The Prudential Group 24,714.99 Pre-Petition Employee Dental Ins Prem
44069 5/27/99 UNITED HEALTHCARE 28,283.59 Pre-Petiton Employee Medical Ins Prem
44070 5/27/99 XPEDX 410.30 Raw Material Deposits
</TABLE>
<PAGE> 34
Imagyn Medical Technologies, Inc.
Schedule of Checks printed from Wells Fargo Account #4758-011166
for the period from May 19, 1999, to May 31, 1999
<TABLE>
<CAPTION>
Check Number Check Date Vendor Name Check Amount Purpose
------------ ---------- ----------------------------- ------------ -------------------------
<S> <C> <C> <C> <C>
44071 5/28/99 DMV RENEWAL 646.00 Annual License Plate Fee
44072 5/28/99 BURNS, DOANE, SWECKE 1,550.00 Patent Fees
----------
Grand Total 5/19 to 5/31 362,270.63
==========
</TABLE>
<PAGE> 35
US BANK DISBURSEMENT ACCOUNT
ACCOUNT NO. 152100007367
MAY 31, 1999
<TABLE>
<CAPTION>
CHECK VENDOR
NUMBER DATE NUMBER VENDOR NAME AMOUNT PURPOSE
- -----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
27000 5/27/99 - TEST PATTERN
27001 5/27/99 11830 RAMIREZ, GLORIA 799.36 PETTY CASH
27002 5/27/99 11484 SPARTA PETTY CASH 2,000.00 PETTY CASH
27003 5/27/99 - VOID
27004 5/27/99 - VOID
27005 5/28/99 11658 ISOMEDIX OPERATIONS 730.35 POST-PETITION RAW MATERIALS
</TABLE>
Page 1
<PAGE> 36
IMAGYN SURGICAL
CHECK REGISTER
OLD KENT BANK ACCOUNT #1319982
MAY 19, 1999 - MAY 31, 1999
<TABLE>
<CAPTION>
Check Check Vendor
Number Date Number Vendor Name Amount Reason
- ------ ----- ------ ----------------- ------ --------------------
<S> <C> <C> <C> <C> <C>
162000 5/26/99 ----- VOID -------- Pre-Petition Expense Report
162001 5/26/99 2291 DAVID ALEXANDER 2,383.87 Pre-Petition Expense Report
162002 5/26/99 10061 MICHAEL ANDERSON 1,907.87 Pre-Petition Expense Report
162003 5/26/99 10658 KELLY ATHERTON 30.24 Pre-Petition Expense Report
162004 5/26/99 10700 DAN BAUGHMAN 3,623.15 Pre-Petition Expense Report
162005 5/26/99 11886 THOMAS BISHOP 151.04 Pre-Petition Expense Report
162006 5/26/99 11950 SUSAN BLACKMER 915.74 Pre-Petition Expense Report
162007 5/26/99 12225 JOE ABBATEMATTEO 4,909.74 Pre-Petition Expense Report
162008 5/26/99 13000 JOHN BRANNIGAN 1,572.42 Pre-Petition Expense Report
162009 5/26/99 13480 JOHN BUSSEY 605.00 Pre-Petition Expense Report
162010 5/26/99 15581 ANNE CARVETH 482.17 Pre-Petition Expense Report
162011 5/26/99 17690 ANTHONY CHEVAIRE 1,191.62 Pre-Petition Expense Report
162012 5/26/99 19866 PAUL CARPENTER 2,344.29 Pre-Petition Expense Report
162013 5/26/99 19870 ROBERT CASS 1,072.62 Pre-Petition Expense Report
162014 5/26/99 21772 TESSA CUNILLERA 2,888.38 Pre-Petition Expense Report
162015 5/26/99 22241 PAULA DAVIS 3,992.34 Pre-Petition Expense Report
162016 5/26/99 23016 ERIC DENTON 1,264.90 Pre-Petition Expense Report
162017 5/26/99 26505 STEPHANIE EDWARDS 68.99 Pre-Petition Expense Report
162018 5/26/99 26566 SUSAN ELWELL 46.91 Pre-Petition Expense Report
162019 5/26/99 28179 STEVE FISHER 759.09 Pre-Petition Expense Report
162020 5/26/99 28280 MARTY FLATLAND 594.72 Pre-Petition Expense Report
162021 5/26/99 29180 ROGER FRYE 10.08 Pre-Petition Expense Report
162022 5/26/99 30800 JACK GLEASON 956.62 Pre-Petition Expense Report
162023 5/26/99 31000 GEORGE GATTAS 811.61 Pre-Petition Expense Report
162024 5/26/99 31230 DARREN HAWORTH 107.85 Pre-Petition Expense Report
162025 5/26/99 31846 NANCY GREGG 10.08 Pre-Petition Expense Report
162026 5/26/99 31995 LARRY GRIMM 2,823.34 Pre-Petition Expense Report
162027 5/26/99 32873 PAM HIBLER 1,543.90 Pre-Petition Expense Report
162028 5/26/99 34833 DAN HILL 958.87 Pre-Petition Expense Report
162029 5/26/99 35291 GREG HUBERT 6,295.04 Pre-Petition Expense Report
162030 5/26/99 36500 DAVID EDWARDS 8,037.63 Pre-Petition Expense Report
162031 5/26/99 36875 SHAWN GALLIPEAU 2,235.61 Pre-Petition Expense Report
162032 5/26/99 37601 JAMES JACKSON 5,318.53 Pre-Petition Expense Report
162033 5/26/99 38425 ROGER JAMES 810.44 Pre-Petition Expense Report
162034 5/26/99 44412 JIM KICHLER 2,299.96 Pre-Petition Expense Report
162035 5/26/99 44471 JOSEPH KLETZEL 1,183.49 Pre-Petition Expense Report
162036 5/26/99 44695 KIM MCCANN 155.00 Pre-Petition Expense Report
162037 5/26/99 44968 JIM LAWS 777.59 Pre-Petition Expense Report
162038 5/26/99 46110 JENNIFER LAWRENCE 1,087.97 Pre-Petition Expense Report
162039 5/26/99 46311 CHARLES LEDOUX 4,642.69 Pre-Petition Expense Report
162040 5/26/99 46733 TODD LIPOVSKY 837.49 Pre-Petition Expense Report
162041 5/26/99 46795 KELLY LIND 1,151.25 Pre-Petition Expense Report
162042 5/26/99 46797 JEFF LIU 677.90 Pre-Petition Expense Report
162043 5/26/99 46975 CHARLES M. MILLIS 55.29 Pre-Petition Expense Report
162044 5/26/99 47080 CARIN LOUIS 1,080.00 Pre-Petition Expense Report
162045 5/26/99 47291 GEORGE LUTTRELL 546.39 Pre-Petition Expense Report
162046 5/26/99 47365 THOMAS LYNCH 8,682.16 Pre-Petition Expense Report
162047 5/26/99 47400 DONNA S. SHELTON 13,873.68 Pre-Petition Expense Report
162048 5/26/99 48965 TIM HIBLER 2,408.80 Pre-Petition Expense Report
162049 5/26/99 50093 L. ROBERT MARTIN III 996.22 Pre-Petition Expense Report
162050 5/26/99 54120 DONNA MITCHELL 8.82 Pre-Petition Expense Report
162051 5/26/99 54463 MIKE MONTY 684.84 Pre-Petition Expense Report
162052 5/26/99 56824 KIM OWEN 24.57 Pre-Petition Expense Report
162053 5/26/99 57020 ANNE NGUYEN 3,691.44 Pre-Petition Expense Report
162054 5/26/99 57800 OFFICE DIRECT 117.34 Pre-Petition Expense Report
</TABLE>
Page 1
<PAGE> 37
IMAGYN SURGICAL
CHECK REGISTRAR
OLD KENT BANK ACCOUNT # 1319982
MAY 19, 1999 - MAY 31, 1999
<TABLE>
<CAPTION>
Check Check Vendor
Number Date Number Vendor Name Amount Reason
- -------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
162055 5/26/99 58177 DAVID OZINGA 2,577.00 Pre-Petition Expense Report
162056 5/26/99 58500 MIKE MOLDOVAN 3,386.67 Pre-Petition Expense Report
162057 5/26/99 59888 SCOTT PELTON 5,339.69 Pre-Petition Expense Report
162058 5/26/99 60048 TOM PAYNE 2,554.55 Pre-Petition Expense Report
162059 5/26/99 61330 JULIE POWELL 201.63 Pre-Petition Expense Report
162060 5/26/99 66604 CHARLES ROBINSON 1,237.05 Pre-Petition Expense Report
162061 5/26/99 68924 AL SCHIFF 128.57 Pre-Petition Expense Report
162062 5/26/99 69011 ROGER SCHULTZ 191.92 Pre-Petition Expense Report
162063 5/26/99 70331 MICHELLE SELVIG 1,354.43 Pre-Petition Expense Report
162064 5/26/99 70500 KAY BROWN 32.76 Pre-Petition Expense Report
162065 5/26/99 73550 VIC STANO 414.49 Pre-Petition Expense Report
162066 5/26/99 77220 CROYAL STINNETT 194.40 Pre-Petition Expense Report
162067 5/26/99 80190 DAN TOMERLIN 1,270.94 Pre-Petition Expense Report
162068 5/26/99 83600 CHRISTINA VANDEWEGE 40.32 Pre-Petition Expense Report
162069 5/26/99 84290 ROBERT E. WALTON JR. 4,301.20 Pre-Petition Expense Report
162070 5/26/99 84555 JUDI WELCH 536.68 Pre-Petition Expense Report
162071 5/26/99 84556 JEFFREY WELCH 1,027.68 Pre-Petition Expense Report
162072 5/26/99 84559 MICKI WELCH 40.24 Pre-Petition Expense Report
162073 5/26/99 84565 GARY WELLMAN 826.34 Pre-Petition Expense Report
162074 5/26/99 85428 BRUCE WILHELM 71.15 Pre-Petition Expense Report
162075 5/26/99 85440 JOY WILSON 147.86 Pre-Petition Expense Report
162076 5/26/99 85442 KEN WILSON 976.04 Pre-Petition Expense Report
162077 5/26/99 86000 MECHELLE WOZNICKI 475.50 Pre-Petition Expense Report
162078 5/26/99 86525 SUE WYMAN 6.62 Pre-Petition Expense Report
162079 5/26/99 87122 JEFF ZERFAS 2,000.39 Pre-Petition Expense Report
162080 5/26/99 87981 SALVATORE SINIBALDI, JR. 717.06 Pre-Petition Expense Report
162081 5/26/99 89565 BRENDA SAYLES 184.61 Pre-Petition Expense Report
162082 5/26/99 92122 E. TODD VRANIAN 274.70 Pre-Petition Expense Report
162083 5/26/99 95500 KEITH THOLIN 4,112.16 Pre-Petition Expense Report
162084 5/26/99 99499 WARREN LUN 65.02 Pre-Petition Expense Report
162085 5/26/99 99616 MARC MRVOS 570.10 Pre-Petition Expense Report
162086 5/26/99 101668 CLAIRE JOHNSON 181.00 Pre-Petition Expense Report
162087 5/26/99 102670 BARBARA ELLEN ZAMSKY 3,938.51 Pre-Petition Expense Report
162088 5/26/99 103272 DENNIS CLUTTER 1,360.00 Pre-Petition Expense Report
162089 5/26/99 77890 SWISSTRONICS, INC. 299.85 Post-Petition Raw Material COD
162090 5/26/99 88004 ZIMMERMAN PLUMBING HEAT S 130.00 Post-Petition Maintenance
162091 5/27/99 23300 DESIGN STANDARDS CORP 4,882.73 Post-Petition Raw Material
162092 5/27/99 31885 GREEN BAY PACKAGING INC. 3,617.45 Post-Petition Raw Material
162093 5/27/99 57614 NORTHVIEW LABS 5,000.00 Post-Petition Deposit
162094 5/27/99 77985 TECHSTAFF INC. OF MICHIGA 9,539.25 Post-Petition Temporary Emp.
162095 5/28/99 103050 APPERSON PRINT MANAGEMENT 231.23 Post-Petition Prepayment
162096 5/28/99 MS1766 MARVER CAM 7,324.05 Post-Petition COD
162097 5/28/99 81210 TRYCO TOOL & MFG CO. 37,665.00 Post-Petition Prepayment
162098 5/28/99 50240 MASTER METAL ENGINEERING 40,018.75 Post-Petition COD
162099 5/28/99 10545 BARGER PACKAGING CORP. VOID
162100 5/28/99 31790 GREAT LAKES EMPLOYMENT, I 2,289.90 Post-Petition Temporary Emp.
162101 5/28/99 10545 BARGER PACKAGING CORP. 23,463.00 Post-Petition Prepayment
162102 5/28/99 77981 TAK ENTERPRISES INC. 40,000.00 Post-Petition 30K Prepay 10K Deposit
----------
Total 320,916.08
==========
</TABLE>
Page 2
<PAGE> 38
WELLS FARGO BANK
ACCOUNT NO. 4759-011299
May 31, 1999
<TABLE>
<CAPTION>
CHECK VENDOR
NUMBER DATE NUMBER VENDOR NAME AMOUNT PURPOSE
- ----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
61000 5/26/99 -- TEST PATTERN
61001 5/26/99 11789 BLUM, MATT 3,892.08 PRE-PETITION EMPLOYEE EXPENSES
61002 5/26/99 7487 CALLAHAN, DAN 6,346.87 PRE-PETITION EMPLOYEE EXPENSES
61003 5/26/99 11741 KAUFOLD, CAROL 239.14 PRE-PETITION EMPLOYEE EXPENSES
61004 5/26/99 11762 KOLVEK, DENNY 103.76 PRE-PETITION EMPLOYEE EXPENSES
61005 5/26/99 10486 NEUMANN, JEFF 1,664.38 PRE-PETITION EMPLOYEE EXPENSES
61006 5/27/99 730 PETTY CASH - RICH ADAMS 870.86 PETTY CASH
61007 5/27/99 730 PETTY CASH - RICH ADAMS 554.61 PETTY CASH
---------
13,671.70
</TABLE>
