<TABLE>
Office of the United States Trustee
----------------------------------------------------- ----------------------------------------------------
In re:
PREMIER LASER SYSTEMS, INC. DEBTOR IN POSSESSION INTERIM STATEMENT
3 Morgan --------------------------------------
Irvine, CA 92618
Statement Number: 9
----------
Debtor.
For the period FROM: 11/1/00
---------------------------------------------- --------------
Chapter 11 Case No.: SA00-12645RA TO: 11/30/00
------------------------- ---------------
----------------------------------------------------- ----------------------------------------------------
<CAPTION>
----------------- ---------------- ---------------- ----------------
CASH ACTIVITY ANALYSIS (CASH BASIS ONLY) Money Plus General Payroll Tax
Account Account Account Account
----------------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C>
A. Total Receipts per all Prior Interim Statements -$2,500,719.18- $4,697,935.74 $381,327.00 $200.00
----------------- ---------------- ---------------- ----------------
B. Less: Total Disbursements per all Prior Statements -0- 4,379,643.72 366,187.35 -0-
----------------- ---------------- ---------------- ----------------
C. Beginning Balance (A less B) -2,500,719.18- 318,292.02 15,139.65 200.00
----------------- ---------------- ---------------- ----------------
D. Receipts during Current Period
(ATTACH SEPARATE LISTING IF NECESSARY)
Description
-----------
SEE ATTACHMENT #1
TOTAL RECEIPTS THIS PERIOD: 10,777.07 1,327,237.71 26,000.00 -0-
----------------- ---------------- ---------------- ----------------
E. Balance Available (C plus D) 2,511,496.25 1,645,529.73 41,139.65 200.00
----------------- ---------------- ---------------- ----------------
F. Less: Disbursements during Current Period
(ATTACH SEPARATE LISTING IF NECESSARY)
Date Check No. Payee/Purpose
---- --------- -------------
SEE ATTACHMENT #1
TOTAL DISBURSEMENTS THIS PERIOD: -0- 151,431.26 25,706.28 -0-
----------------- ---------------- ---------------- ----------------
G. Ending Balance (E less F) $2,511,496.25 $1,494,098.47 $15,433.37 $200.00
----------------- ---------------- ---------------- ----------------
H. (1) General Account
(a) Depository Name and Location: California Bank & Trust, 3250 Wilshire Blvd., Los Angeles, CA 90010
--------------------------------------------------------------------
(b) Account Number: 3700011381
---------------------------------------------
(2) Payroll Account:
(a) Depository Name and Location: California Bank & Trust, 3250 Wilshire Blvd., Los Angeles, CA 90010
--------------------------------------------------------------------
(b) Account Number: 3700011111
---------------------------------------------
(3) Tax Account:
(a) Depository Name and Location: California Bank & Trust, 3250 Wilshire Blvd., Los Angeles, CA 90010
--------------------------------------------------------------------
(b) Account Number: 3700011031
----------------------------------------------------------------------------------------
(4) Money Plus Account
(a) Depository Name and Location: California Bank & Trust, 3250 Wilshire Blvd., Los Angeles, CA 90010
--------------------------------------------------------------------
(b) Account Number: 3700021509
-------------------------------------------------
I. Other monies on hand (SPECIFY TYPE AND LOCATION) (i.e. Certificates of Deposit, Petty Cash):
Petty Cash $1500
----------------------------------------------------------------------------------------------
</TABLE>
I, (Name/Title: Robert Mosier/ ), declare under penalty of perjury that the
information contained in the above Debtor in Possession Interim Statement
is true and complete to the best of my knowledge.
Dated: 12-20-00
-------------------
_______________________________
Debtor in Possession or Trustee
30
<PAGE>
<TABLE>
Office of the United States Trustee
----------------------------------------------------- ------------------------------------------------------------
In re:
PREMIER LASER SYSTEMS, INC. DEBTOR IN POSSESSION INTERIM STATEMENT
3 Morgan --------------------------------------
Irvine, CA 92618
Report No. : 9 Page 1 of 3
------------------
Debtor.
For the period FROM: 11-1-00
---------------------------------------------- --------------
Chapter 11 Case No.: SA00-12645RA TO: 11-30-00
------------------------ ---------------
----------------------------------------------------- ------------------------------------------------------------
<CAPTION>
<S> <C> <C> <C>
1. Profit and Loss Statement (ACCRUAL BASIS ONLY) [SEE ATTACHMENT TWO]
A. Related to Business Operations:
Gross Sales $
--------------
Less: Sales Returns and Discounts
--------------
Net Sales
---------------
Less: Cost of Goods Sold:
Beginning Inventory at Cost
--------------
Add: Purchases
--------------
Less: Ending Inventory at Cost
--------------
Cost of Goods Sold
---------------
Gross Profit
---------------
Other Operating Revenues (Specify)
---------------
Less: Operating Expenses:
Officer Compensation
--------------
Salaries and Wages - Other Employees
--------------
Total Salaries and Wages
---------------
Employee Benefits and Pensions
---------------
Payroll Taxes
--------------
Real Estate Taxes
--------------
Federal and State Income Taxes
--------------
Total Sales
---------------
Rent and Lease Exp. (Real Property and Personal Property)
--------------
Interest Expense (Mortgage, Loan, etc.)
--------------
Insurance
--------------
Automobile Expense
--------------
Utilities (Gas, Electricity, Water, Telephone, etc.)
--------------
Depreciation and Amortization
--------------
Repairs and Maintenance
--------------
Advertising
--------------
Supplies, Office Expenses, Photocopies, etc.
--------------
Bad Debts
--------------
Miscellaneous Operating Expenses (Specify)
--------------
Total Operating Expenses
---------------
Net Gain/Loss from Business Operations
---------------
B. Not Related to Business Operations
Income:
Interest Income
---------------
Other Non-Operating Revenues (Specify)
---------------
Gross Proceeds on Sale of Assets
--------------
Less: Original Cost of Assets plus Expenses of Sale
--------------
Net Gain/Loss on Sale of Assets
---------------
Total Non-Operating Income
---------------
Expenses Not Related to Business Operation:
Legal and Professional Fees (Specify)
--------------
Other Non-Operating Expenses (Specify)
--------------
Total Non-Operating Expenses
---------------
NET INCOME / LOSS FOR PERIOD $
---------------
</TABLE>
31
<PAGE>
<TABLE>
DEBTOR IN POSSESSION OPERATING REPORT NO.: 9 PAGE 3 OF 3
-----
2. Aging of Accounts Payable and Accounts Receivable (exclude pre-petition
accounts payable): (SEE ATTACHMENT #3, #4)
<CAPTION>
---------------------------- ----------------------------
Accounts Payable Accounts Receivable
---------------------------- ----------------------------
<S> <C> <C> <C>
Current Under 30 Days $139,490.27 $-218
---------------------------- ----------------------------
Overdue 31-60 Days 107,000.00 18,997
---------------------------- ----------------------------
Overdue 61-90 Days 81,000.00 100
---------------------------- ----------------------------
Overdue 91-120 Days 91,000.00 0
---------------------------- ----------------------------
Overdue Over 121 Days 473,179.34 5,311,327
---------------------------- ----------------------------
TOTAL $891,669.61 $5,330,206
---------------------------- ----------------------------
3. Statement of Status of Payments to Secured Creditors and Lessors: (SEE ATTACHMENT # 5)
---------------------------------- ------------------- --------------- --------------- -------------------------------
Frequency Post-Petition Payments
of Payments per Amount Next Not Made*
Contract / Lease of Each Payment
Creditor/Lessor (i.e., mo., qtr.) Payment Due Number Amount
---------------------------------- ------------------- --------------- --------------- -------------------------------
$ $
---------------------------------- ------------------- --------------- --------------- --------------- ---------------
---------------------------------- ------------------- --------------- --------------- --------------- ---------------
---------------------------------- ------------------- --------------- --------------- --------------- ---------------
*Explanation for Non-Payment:
--------------------------------------------------------------------------------------
4. Tax Liability:
Gross Payroll Expense for Period: $ 15,812.94
-------------------------
Gross Sales for Period Subject to Sales Tax $ 8,846.62
-------------------------
------------------------ ------------------------ -----------------------
Post-Petition
Taxes Still
Date Paid* Amount Paid* Owing
------------------------ ------------------------ -----------------------
Federal Payroll and Withholding Taxes 11-21-00, 12-06-00 $1,903.77 $2,319.66
------------------------ ------------------------ -----------------------
State Payroll and Withholding Taxes 11-21-00, 12-06-00 404.71 480.32
------------------------ ------------------------ -----------------------
State Sales and Use Taxes Not Paid -0-
------------------------------------------------- -----------------------
Real Property Taxes INCLUDED IN RENT
------------------------------------------------- -----------------------
*Attach photocopies of depository receipts
from taxing authorities or financial
institutions to verity that such deposits or
payments have been made
(SEE ATTACHMENT #6)
5. Insurance Coverage:
---------------------- --------------------- ------------------ ------------------
Carrier / Amount of Coverage Policy Premium Paid
Agent Name Expiration Date Through Date
---------------------- --------------------- ------------------ ------------------
Worker's Compensation HIH/Calco $1M, $1M, $1M 6-1-01 6-1-01
Product/Completed Liability Medmarc/AON $10Kea., $100K agg.
Self Ins. Ea. $50K,
$200 agg. 3-1-01 3-1-01
---------------------- --------------------- ------------------ ------------------
Liability Fed. Ins. Co./AON $4 M ea., $4M agg. 3-1-01 3-1-01
----------------------------------------------------------------------------------
Fire and Extended Coverage Included in Property Add General Liability Insurance
----------------------------------------------------------------------------------
Property & General Liability Fed. Ins. Co./AON $1M ea., $2M agg. 3-1-01 3-1-01
---------------------- --------------------- ------------------ ------------------
Theft Fed. Ins. Co./AON $75K & $75K 3-1-01 3-1-01
---------------------- --------------------- ------------------ ------------------
---------------------- --------------------- ------------------ ------------------
Vehicle (Hired) Fed. Ins. Co./AON $1M 3-1-01 3-1-01
---------------------- --------------------- ------------------ ------------------
Other (Specify):
---------------------- --------------------- ------------------ ------------------
Marine Open Cargo Centennial/AON $500K & $500K 1-1-01 1-1-01
Patent Infringement Abatement Reliance/Calco $1M ea., $3M agg 2-24-00 Expired
---------------------- --------------------- ------------------ ------------------
Patent Infringement Defense AM Int'l.
Specialty/Calco $2M ea., $2M agg 6-18-00 Expired
---------------------- --------------------- ------------------ ------------------
D&O Rock River & $10,000,000 12-10-00 Expired
Lloyd/Calco
---------------------- --------------------- ------------------ ------------------
</TABLE>
32
<PAGE>
DEBTOR IN POSSESSION OPERATING REPORT NO.: 9 PAGE 3 OF 3
-----
6. Questions:
A. Has the Debtor in Possession provided compensation to any officers,
directors, shareholder, or other principals without the approval of the
Office of the United States Trustee?
|_| : Yes Explain:
---------------------------------------------------
|X| : No
B. Has the Debtor in Possession, subsequent to filing the petition, made
any payments on its pre-petition unsecured debt, except as have been
authorized by the Court?
|_| : Yes Explain:
---------------------------------------------------
|X| : No
7. Statement of Unpaid Professional Fees (Post-Petition Amounts ONLY)
<TABLE>
<CAPTION>
-------------------------------------- ------------------------------------- ------------------------------------
State Type of Professional Total Post-Petition
Name of Professional (Attorney / Accountant / etc.) Amount Paid
-------------------------------------- ------------------------------------- ------------------------------------
<S> <C> <C>
Knobbe, Marten, Olson & Bear Attorney $101,568.34
-------------------------------------- ------------------------------------- ------------------------------------
O'Melveny & Myers Attorney 605,611.00
-------------------------------------- ------------------------------------- ------------------------------------
Winthrop & Couchet Attorney 144,000.00
-------------------------------------- ------------------------------------- ------------------------------------
-------------------------------------- ------------------------------------- ------------------------------------
</TABLE>
8. Narrative Report of Significant Events and Events out of the Ordinary
Course of Business (ATTACH SEPARATE SHEET IF NECESSARY)
----------------------------------------------------------------------------
None
----------------------------------------------------------------------------
----------------------------------------------------------------------------
----------------------------------------------------------------------------
----------------------------------------------------------------------------
----------------------------------------------------------------------------
----------------------------------------------------------------------------
----------------------------------------------------------------------------
----------------------------------------------------------------------------
9. Quarterly Fees: (This Fee must be paid to the United States Trustee
every calendar quarter)
<TABLE>
<CAPTION>
---------------- ----------------- --------------- -------------- --------------- --------------- ---------------
Total
Quarterly Disbursements Date Amount Quarterly Fee
Period Ending for Quarter Quarterly Fee Paid Paid Check No. Still Owing
---------------- ----------------- --------------- -------------- --------------- --------------- ---------------
<S> <C> <C> <C> <C> <C> <C>
3/31/00 69,828.68 500.00 4/27 500.00 10035, 10038 0
---------------- ----------------- --------------- -------------- --------------- --------------- ---------------
6/30/00 790,304.81 3,750.00 7/19 3,750.00 10352 0
---------------- ----------------- --------------- -------------- --------------- --------------- ---------------
9/30/00 683,186.02 3,750.00 10-16 3,750.00 10567 0
---------------- ----------------- --------------- -------------- --------------- --------------- ---------------
---------------- ----------------- --------------- -------------- --------------- --------------- ---------------
---------------- ----------------- --------------- -------------- --------------- --------------- ---------------
</TABLE>
I, (Name/Title: Robert Mosier/ ), declare under penalty of perjury that the
information contained in the above Debtor in Possession Operating Report is true
and complete to the best of my knowledge.
Dated: 12-20-00
-------------------
_______________________________
Debtor in Possession of Trustee
33
<PAGE>
ATTACHMENT #2
1. Profit and Loss Statement (Modified Cash Basis)
A. Related to Business Operations
Gross Sales 27,743.70
Less: Sales Returns and Discounts -
--------------
Net Sales 27,743.70
Less: Cost of Goods Sold:
Beginning Inventory at Cost
Add: Purchases
Less: Ending Inventory at Cost
Cost of Goods Sold 732.20
--------------
Gross Profit 27,011.50
Other Operating Revenues -
Less: Operating Expenses:
Officer Compensation 8,333.00
Salaries and Wages-Other Employees 7,479.94
--------------
Total Salaries and Wages 15,812.94
Outside Services 41,475.00
Board of Directors Fees 6,000.00
Employee Benefits and Pensions 14,791.47
Payroll Taxes 812.59
Real Estate Taxes
Federal and State IncomeTaxes
--------------
Total Taxes 812.59
Rent and Lease Expense
Interest Expense
Insurance
Automobile Expense
Utilities 9,281.59
Depreciation
Repairs and Maintenance 283.23
Hiring expense
Vacation expense
Advertising
Supplies, Office Expense, Photocopies, etc 838.37
Bad Debts
Miscellaneous Operating Expenses:
Legal 8,450.57
Travel
Entertainment
Securities expense 20,954.62
ADP fees 381.38
Other 1,442.55
--------------
Total Miscellaneous Operating Expenses 31,229.12
--------------
Total Operating Expenses 120,524.31
--------------
Net Gain/Loss from Business Operations (93,512.81)
==============
34
<PAGE>
B. Not Related to Business Operations
Income:
Interest Income 11,496.25
Other Non-Operating Revenues
Gross Proceeds on Sale of Assets
Less: Original Cost of Assets plus Expense of Sale
--------------
Net Gain/Loss on Sale of Assets -
--------------
Total Non-Operating Income 11,496.25
--------------
Expenses Not Related to Business Operations:
Legal and Professional Fees
Other Non-Operating Expenses
--------------
Total Non-Operating Expenses -
--------------
NET INCOME/LOSS FOR PERIOD (82,016.56)
==============
Note:Included in October cash receipts of $1,300,000, $1,000,000 was from
Surgilight and $300,000 for Intralase, these amounts were not
recognized. The accounting of these amounts will be done after further
consultation with professional accountants but no later than 45 days
from 12/15/00.
35
<PAGE>
ATTACHMENT #3
Vendors Amount
--------------------------------------------------------------------------------
Knobbe Marten Olson & Bear 101,568.34
O'Melveny & Myers 605,611.00
Winthrop & Couchot 144,000.00
Standard Insurance 511.55
Leo Blomgren 180.00
Harvey Miller 105.00
Don Skelton 647.10
Colette Cozean 5,200.00
Magnum Group 25,000.00
Tax Agencies 8,846.62
--------------------------------------------------------------------------------
Total 891,669.61
(1) Various Sales Tax Agencies
36
<PAGE>
ATTACHMENT # 5
3. STATEMENT OF STATUS OF PAYMENTS TO SECURED CREDITORS AND LESSORS:
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------
Frequency Post Petition
of Payments Amount Next Payments Not Made
Creditor/ per Contract/ of Each Payment --------------------------
Lessor Lease Payment Due Number Amount (1)
-----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
2 Konica(4) Monthly 217.58 11-Dec
3 Konica(4) Monthly 328.31 11-Dec
4 Konica(4) Monthly 388.42 27-Dec
5 Pitney Bowes Credit Corporation Quarterly 1,395.00 9 4,185.00
6 Steelcase Financial Services(4) Monthly 381.94
7 Dell(1) Monthly 965.83
8 Green Tree(2) Monthly 778.23
9 IC Capital(3) Monthly 483.78
10 Intelenet Monthly 474.00 15-Dec
-----------------------------------------------------------------------------------------------------------
(1) Signed Stipulation
(2) Signed Stipulation
(3) O'Melveny handling in court
(4) Under Negotiation
</TABLE>
37
