<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 31, 2000
THERMATRIX INC.
(Exact Name of Registrant as Specified in Charter)
<TABLE>
<S> <C> <C>
Delaware 0-20819 94-2958515
- ---------------------------- ----------------------- ------------------------------
(State or Other Jurisdiction (Commission File Number) (I.R.S. Employer Identification
of Incorporation) No.)
</TABLE>
308 North Peters Road, Suite 100
Knoxville, Tennessee 37922
(Address of principal executive offices, including zip code)
(865) 539-9603
(Registrant's telephone number, including area code)
<PAGE>
Item 5. Operational Reports for March 2000
On December 29, 1999 Thermatrix Inc. and four of its wholly-owned (directly or
indirectly) subsidiaries (Wahlco Environmental Systems, Inc., Wahlco, Inc., The
Bachmann Companies, Inc., and Wahlco Engineered Products, Inc.) filed for
protection under the provisions of Chapter 11 of the US Bankruptcy Code. The
Operational Reports for March 2000 were filed with the Office of the US Trustee
in compliance with the requirements of the Chapter 11 process.
Item 7. Financial Statements, Pro Forma Financial Information And Exhibits
(c) Exhibits
5-1 Summary Operating Report for March 2000
5-2 March 2000 Operating Report for Thermatrix Inc.
5-3 March 2000 Operating Report for Wahlco, Inc
5-4 March 2000 Operating Report for Wahlco Engineered Products, Inc
5-5 March 2000 Operating Report for the Bachmann Companies, Inc.
5-6 March 2000 Operating Report for Wahlco Environmental Systems, Inc.
<PAGE>
SIGNATURES
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.
THERMATRIX INC.
Dated: May 5, 2000 By: /s/ Daniel S. Tedone
--------------------
Daniel S. Tedone
President and Chief
Financial Officer
<PAGE>
<TABLE>
<CAPTION>
EXHIBIT 5.1
- ------------------------------------------------------------------------------------------------------------------------------------
OFFICE OF THE UNITED STATES TRUSTEE
PAGE 1
CENTRAL DISTRICT OF CALIFORNIA
- ------------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------
IN RE: DEBTOR IN POSSESSION INTERIM STATEMENT
<S> <C> <C> <C> <C> <C> <C>
THERMATRIX INC. et al. STATEMENT NO. 3
FOR THE PERIOD FROM: 1-Mar-00
TO: 31-Mar-00
DEBTORS
- ------------------------------------- ----------------------------------------------------------------------------------
CHAPTER 11 CASE NO. SA99-22776JR Thermatrix Thermatrix Thermatrix Thermatrix Wahlco, Inc. Wahlco, Inc.
With SA 99-22772, 22773, 22775, 22778 Concentration Disbursement Payroll Tax Disbursement Payroll
- ------------------------------------- ----------------------------------------------------------------------------------
CASH ACTIVITY ANALYSIS
---------------------------------------------------------------------------------
A. Total Receipts Per All Prior Interim
Statements $4,411,003.53 $351,873.38 $438,508.19 $13.00 $ 873,831.21 $413,702.05
---------------------------------------------------------------------------------
B. Less: Total Disbursements Per All Prior
Interim Statements $3,795,006.13 $353,443.58 $436,963.52 $13.00 $ 966,159.48 $410,782.62
---------------------------------------------------------------------------------
C. Beginning Balance $ 615,997.40 ($1,570.20) $ 1,544.67 $ 0.00 ($92,328.27) $ 2,919.43
---------------------------------------------------------------------------------
D. Receipts During Current Period
Per Attached Schedule $2,146,871.39 $434,249.28 $220,985.07 $38.26 $ 707,517.58 $313,756.99
---------------------------------------------------------------------------------
E. Balance Available $2,762,868.79 $432,679.08 $222,529.74 $38.26 $ 615,189.31 $316,676.42
---------------------------------------------------------------------------------
F. Less: Disbursements During Period
Per Attached Schedule $2,421,385.20 $432,679.18 $219,900.74 $38.26 $ 615,166.71 $312,796.57
---------------------------------------------------------------------------------
G. Ending Balance $ 341,483.59 ($0.10) $ 2,629.00 $ 0.00 $ 22.60 $ 3,879.85
---------------------------------------------------------------------------------
</TABLE>
H. ACCOUNT INFORMATION
<TABLE>
<CAPTION>
(1). Thermatrix Operating Account
<S> <C> <C>
(a) Depository Name and Location First Union National Bank, 150 4th Avenue North, Nashville, TN 37219
(b) Account Number 2000002919566
(2). Thermatrix Disbursement Account
(a) Depository Name and Location First Union National Bank, 150 4th Avenue North, Nashville, TN 37219
(b) Account Number 2000007620025
(3). Thermatrix Payroll Account
(a) Depository Name and Location First Vantage, 10245 Kingston Pike, Knoxville, TN 37922
(b) Account Number 0445-4561
(4). Thermatirix Tax Account
(a) Depository Name and Location First Union National Bank, 150 4th Avenue North, Nashville, TN 37219
(b) Account Number 2000007620067
(5). Wahlco, Inc. Disbursement Account
(a) Depository Name and Location First Union National Bank, 150 4th Avenue North, Nashville, TN 37219
(b) Account Number 2000007620009
(6). Wahlco, Inc. Payroll Account
(a) Depository Name and Location Bank of America, 345 Montgemery Street, San Francisco, CA 94104
(b) Account Number 15816-18474
I. Other Monies On Hand: None
I, Daniel Tedone, President, declare under penalty of perjury, that the
information contained in the above Debtor in Possession Interim Statement, which
is subject to further review and verification, is true and complete to the best
of my knowlege:
Dated: 4/17/00 Signed: /s/ Daniel S. Tedone
- -------------------------------- --------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
OFFICE OF THE UNITED STATES TRUSTEE
PAGE 2
CENTRAL DISTRICT OF CALIFORNIA
- ------------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------
IN RE: DEBTOR IN POSSESSION INTERIM STATEMENT
THERMATRIX INC. et al. STATEMENT NO. 3
FOR THE PERIOD FROM: 1-Mar-00
TO: 31-Mar-00
DEBTORS
- -------------------------------------
<S> <C> <C> <C> <C>
-----------------------------------------------------------------------------------
CHAPTER 11 CASE NO. SA99-22776JR Wahlco, Inc Wahlco, Eng. Products Wahlco, Eng. Products Wahlco, Eng. Products
With SA 99-22772, 22773, 22775, 22778 Tax Disbursement Payroll Tax
- ------------------------------------- --------------------------------------------------------------------------------
CASH ACTIVITY ANALYSIS
--------------------------------------------------------------------------------
A. Total Receipts Per All Prior Interim
Statements $13.00 $1,118,845.59 $511,017.93 $ 173.60
B. Less: Total Disbursements Per All Prior $13.00 $1,168,082.57 $509,018.13 $ 173.60
Interim Statements
--------------------------------------------------------------------------------
C. Beginning Balance $ 0.00 ($49,236.98) $ 1,999.80 $ 0.00
--------------------------------------------------------------------------------
D. Receipts During Current Period
Per Attached Schedule $38.26 $ 528,627.34 $304,247.88 $38,838.81
--------------------------------------------------------------------------------
E. Balance Available $38.26 $ 479,390.36 $306,247.68 $38,838.81
--------------------------------------------------------------------------------
F. Less: Disbursements During Period
Per Attached Schedule $38.26 $ 479,390.36 $304,247.88 $38,838.81
--------------------------------------------------------------------------------
G. Ending Balance $ 0.00 $ 0.00 $ 1,999.80 $ 0.00
--------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
H. ACCOUNT INFORMATION
(7). Wahlco, Inc. Tax Account
<S> <C> <C>
(a) Depository Name and Location First Union National Bank, 150 4th Avenue North, Nashville, TN 37219
(b) Account Number 2000007620041
(8). Wahlco Engineered Products, Inc. Disbursement Acct.
(a) Depository Name and Location First Union National Bank, 150 4th Avenue North, Nashville, TN 37219
(b) Account Number 2000007620012
(9). Wahlco Engineered Products, Inc. Payroll Account
(a) Depository Name and Location Peoples Heritage Bank, 217 Main Street, ME 04240
(b) Account Number 7999015917
(10). Wahlco Engineered Products, Inc. Tax Account
(a) Depository Name and Location First Union National Bank, 150 4th Avenue North, Nashville, TN 37219
(b) Account Number 2000007620054
</TABLE>
<PAGE>
CASE NAME: THERMATRIX INC. et al.
CASE NUMBER: SA99-22776JR, with SA99-22772, 22773, 22775, 22778
STATEMENT NO.: 3
RECEIPTS FOR THE PERIOD FROM: 1-Mar-00
TO: 31-Mar-00
------
ACCT: THERMATRIX CONCENTRATION AMOUNT
- --------------------------------------------------
Accounts Receivable Collected 2,105,611.39
Rental Income 11,383.20
Interest Income 1,211.69
Misc 28,665.11
Cash from Debtor -
-------------
TOTAL $2,146,871.39
=============
<PAGE>
CASE NAME: THERMATRIX INC. et al.
CASE NUMBER: SA99-22776JR, with SA99-22772, 22773, 22775, 22778
STATEMENT NO.: 3
DISBURSEMENTS FOR THE PERIOD FROM: 1-Mar-00
TO: 31-Mar-00
ACCT: THERMATRIX CONCENTRATION
- --------------------------------------------------------------------------------
PAYEE DESCRIPTION AMOUNT CHECK NO. DATE
- --------------------------------------------------------------------------------
See attached Concentration Account
Disbursements 2,421,385.20
-------------
TOTAL $2,421,385.20
=============
<PAGE>
Thermatrix, Inc.
First Union National Bank
Concentration Account Disbursements
A/C# 2000002919566
0104-000-00
Withdrawals from Concentration Account to fund Operating Accounts
<TABLE>
<CAPTION>
To: Date Amount Subtotals
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Thermatrix - Disbursement 3/2/00 92,355.27
Thermatrix - Disbursement 3/2/00 1,570.20
Thermatrix - Disbursement 3/6/00 55,212.17
Thermatrix - Disbursement 3/8/00 13,194.26
Thermatrix - Disbursement 3/9/00 11,781.55
Thermatrix - Disbursement 3/10/00 50,000.00
Thermatrix - Disbursement 3/14/00 112,958.00
Thermatrix - Disbursement 3/15/00 1,268.00
Thermatrix - Disbursement 3/22/00 55,820.90
Thermatrix - Disbursement 3/23/00 30,057.01
Thermatrix - Disbursement 3/24/00 2,200.00
Thermatrix - Disbursement 3/30/00 7,831.92
----------------
434,249.28
===========
Thermatrix - Payroll 3/13/00 102,765.90
Thermatrix - Payroll 3/29/00 116,261.53
----------------
219,027.43
==========
Thermatrix - Tax 3/14/00 38.26
----------------
38.26
==========
Wahlco, Inc. - Disbursement 3/3/00 134,783.78
Wahlco, Inc. - Disbursement 3/8/00 44,829.91
Wahlco, Inc. - Disbursement 3/9/00 1,490.00
Wahlco, Inc. - Disbursement 3/10/00 45,000.00
Wahlco, Inc. - Disbursement 3/10/00 43,316.88
Wahlco, Inc. - Disbursement 3/14/00 77,270.93
Wahlco, Inc. - Disbursement 3/15/00 2,155.00
Wahlco, Inc. - Disbursement 3/17/00 107,796.57
Wahlco, Inc. - Disbursement 3/22/00 12,614.51
Wahlco, Inc. - Disbursement 3/23/00 38,911.23
Wahlco, Inc. - Disbursement 3/27/00 25,129.52
Wahlco, Inc. - Disbursement 3/30/00 81,064.18
Wahlco, Inc. - Disbursement 3/31/00 799.80
----------------
615,162.31
==========
Wahlco, Inc. - Payroll 3/1/00 106,489.18
Wahlco, Inc. - Payroll 3/15/00 55,257.43
Wahlco, Inc. - Payroll 3/27/00 45,000.00
Wahlco, Inc. - Payroll 3/29/00 59,933.46
----------------
266,680.07
==========
Wahlco, Inc. - Tax 3/14/00 38.26
----------------
38.26
==========
WEP - Disbursement 3/2/00 49,236.98
WEP - Disbursement 3/8/00 129,849.27
WEP - Disbursement 3/14/00 69,629.60
WEP - Disbursement 3/17/00 127,159.19
WEP - Disbursement 3/17/00 4,119.91
WEP - Disbursement 3/24/00 83,314.84
WEP - Disbursement 3/29/00 2,229.88
WEP - Disbursement 3/30/00 63,087.67
----------------
528,627.34
==========
</TABLE>
<PAGE>
Thermatrix, Inc.
First Union National Bank
Concentration Account Disbursements
A/C# 2000002919566
0104-000-00
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
WEP - Payroll 3/1/00 42,955.71
WEP - Payroll 3/7/00 94,818.34
WEP - Payroll 3/13/00 29,407.62
WEP - Payroll 3/21/00 89,169.46
WEP - Payroll 3/27/00 38,246.35
----------------
294,597.48
==========
WEP - Tax 3/17/00 16,659.80
WEP - Tax 3/14/00 38.57
----------------
16,698.37
==========
Total disbursements to various operating accounts 2,375,118.80
</TABLE>
Wire transfers sent directly from concentration account to vendor/payee
<TABLE>
<CAPTION>
Correct disbursement account: Date Amount Purpose
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Thermatrix - Disbursement 3/31/00 2,430.00 Woodcock, Washburn - Patent fees
Wahlco, Inc - Disbursement 3/20/00 403.75 Dynalco Controls - Materials
Wahlco, Inc - Disbursement 3/20/00 1,014.00 McNichols Co - Materials
Wahlco, Inc - Disbursement 3/3/00 4,613.59 employee 401k withholdings
Wahlco, Inc - Disbursement 3/17/00 4,519.70 employee 401k withholdings
WEP - Disbursement 3/2/00 3,112.34 employee 401k withholdings
WEP - Disbursement 3/15/00 3,169.50 employee 401k withholdings
WEP - Disbursement 3/15/00 783.33 employee 401k withholdings
WEP - Disbursement 3/17/00 837.70 employee 401k withholdings
WEP - Disbursement 3/24/00 3,139.52 employee 401k withholdings
Thermatrix - Disbursement 3/3/00 11,435.92 employee 401k withholdings
Thermatrix - Disbursement 3/16/00 9,588.76 employee 401k withholdings
Total disbursements direct to vendor/payee 45,048.11
</TABLE>
Bank service charges drafted from concentration account
<TABLE>
<CAPTION>
Description: Date Amount
- ------------------------------------------------------------------------------------
<S> <C> <C>
Bank Service Charges 3/10/00 1,218.29
Total bank service charges drafted from concentration acct. 1,218.29
Total disbursements out of concentration account 2,421,385.20
============
</TABLE>
<PAGE>
CASE NAME: THERMATRIX INC. et al.
CASE NUMBER: SA99-22776JR, with SA99-22772, 22773, 22775, 22778
STATEMENT NO.: 3
RECEIPTS FOR THE PERIOD FROM: 1-Mar-00
TO: 31-Mar-00
------
ACCT: THERMATRIX DISBURSMENT AMOUNT
- ------------------------------------------------------------------------------
Transfers from Concentration Account 434,249.28
(see the attachment to the Thermatrix Concentration Account Disbursements
for detail)
-----------
TOTAL $434,249.28
===========
<PAGE>
CASE NAME: THERMATRIX INC. et al.
CASE NUMBER: SA99-22776JR, with SA99-22772, 22773, 22775, 22778
STATEMENT NO.: 3
DISBURSEMENTS FOR THE PERIOD FROM: 1-Mar-00
TO: 31-Mar-00
ACCT: THERMATRIX DISBURSEMENT
- -------------------------------------------------------------------------------
PAYEE DESCRIPTION AMOUNT CHECK NO. DATE
- -------------------------------------------------------------------------------
See attached Thermatrix Disbursement Account 432,679.18
-----------
TOTAL $432,679.18
===========
<PAGE>
Thermatrix, Inc.
Case #SA99-22776-JR
First Union National Bank
Disbursement Account
#2000007620025
3/1/00 thru 3/31/00
<TABLE>
<CAPTION>
Check Check
Date Number Payee Purpose Amount
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
03/03/00 33158 Berkley O. Buchanan, Jr. Payroll-manual check-employment terminated 1,594.08
03/03/00 33159 Southeastern Laser Products Office Expense 267.38
03/03/00 33160 Robert Williams Payroll-manual check-employment terminated 823.69
03/03/00 33161 Accountemps Temp. Labor 786.48
03/03/00 33162 AT & T Telephone 1,252.56
03/03/00 33163 AT & T Telephone 1,617.54
03/03/00 33164 AT & T Telephone 3,291.14
03/03/00 33165 AT & T Teleconference Svc. Telephone 460.59
03/03/00 33166 Berkley O. Buchanan, Jr. Travel Expense 136.73
03/03/00 33167 Cedar Bluff Self-Storage Rent 180.00
03/03/00 33168 Clinimetrics Research Rent 11,718.00
03/03/00 33169 DHL Worldwide Express Freight 404.97
03/03/00 33170 Rick Hemmeter Travel Expense 55.20
03/03/00 33171 Knoxville Utilities Board Utilities 49.25
03/03/00 33172 LBMC Strategic Staffing Temp. Labor 1,972.27
03/03/00 33173 Advantage Place Rent 19,687.60
03/03/00 33174 Sir Speedy Printing Office Expense 139.64
03/03/00 33175 Bell South Telephone 40.62
03/03/00 33176 TIFCO General Insurance 9,662.66
03/03/00 33177 Ullrich Printing Office Expense 430.28
03/03/00 33178 Robert Williams Licenses 641.49
03/06/00 33179 CDI Engineering Group Subcontractor/Materials 3,360.00
03/06/00 33180 John N Clark Travel Expense 594.52
03/06/00 33181 Will Huebner Travel Expense 300.00
03/06/00 33182 Jenkins Coffee Miscellaneous 139.43
03/06/00 33183 Kel-San Inc. Office Expense 255.27
03/06/00 33184 Roden Electric Subcontractor/Materials 4,672.52
03/06/00 33185 R R Donnelley Receivables SEC Expense 285.00
03/06/00 33186 Dan Tedone Travel Expense 1,587.52
03/06/00 33187 Marshall Zimmerman Travel Expense 2,000.00
03/08/00 33188 Void Void -
03/08/00 33189 Void Void -
03/08/00 33190 Void Void -
03/08/00 33191 Void Void -
03/08/00 33192 Steven DeCicco Travel Expense 1,100.00
03/08/00 33193 Will Huebner Travel Expense 1,000.00
03/08/00 33194 Oak Ridge Office Supply Office Expense 94.37
03/09/00 33195 Equiserve Limited Miscellaneous 1,019.40
03/09/00 33196 CDI Engineering Group Subcontractor/Materials 6,862.15
03/09/00 33197 The Reserve at Westland Rent 720.00
03/09/00 33198 Dan Tedone Travel Expense 985.63
03/10/00 33199 Price Waterhouse Coopers Professional Fees 50,000.00
03/13/00 33200 CDI Engineering Group Subcontractor/Materials 3,360.00
03/13/00 33201 Tifco General Ins. Downpayment 109,598.00
03/14/00 33202 John N Clark Travel Expense 458.00
03/14/00 33203 Christopher Gable Travel Expense 600.00
03/14/00 33204 Internal Revenue Service Garnishment 210.00
03/17/00 33205 Accountemps Temp. Labor 1,979.76
03/17/00 33206 Aetna US Healthcare Employee Group Insurance 23,071.66
03/17/00 33207 ARVI Manufacturing Co. Subcontractor/Materials 324.75
03/17/00 33208 AT&T Telephone 1,270.82
03/17/00 33209 Alex Baldwin Travel Expense 4,345.63
</TABLE>
<PAGE>
Thermatrix, Inc.
Case #SA99-22776-JR
First Union National Bank
Disbursement Account
#2000007620025
3/1/00 thru 3/31/00
<TABLE>
<CAPTION>
Check Check
Date Number Payee Purpose Amount
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
03/17/00 33210 Bellsouth Mobility DCS Telephone 10.39
03/17/00 33211 William D. Binder Office Expense 412.46
03/17/00 33212 Terry Blalock Tuition Reimbursement 856.75
03/17/00 33213 CDI Engineering Group Subcontractor/Materials 4,176.35
03/17/00 33214 GTE Wireless Telephone 136.65
03/17/00 33215 John N. Clark Travel Expense 688.38
03/17/00 33216 Steven DeCicco Travel Expense 152.87
03/17/00 33217 DHL Worldwide Express Freight 335.02
03/17/00 33218 Utility Billing Service Utilities 23.52
03/17/00 33219 Christopher Gable Travel Expense 1,936.47
03/17/00 33220 GE Capital Lease 1,700.05
03/17/00 33221 Edward E. Greene Travel Expense 3,640.76
03/17/00 33222 Guarantee Life Ins. Co. Employee Group Insurance 5,270.87
03/17/00 33223 Will Huebner Travel Expense 69.30
03/17/00 33224 Jenkins Coffee Miscellaneous 70.25
03/17/00 33225 Kel-San, Inc. Office Expense 528.32
03/17/00 33226 Knoxville Blue Print Office Expense 103.51
03/17/00 33227 Knoxville Utilities Board Utilities 2.92
03/17/00 33228 LBMC Strategic Staffing Temp. Labor 2,208.50
03/17/00 33229 William Lewis Travel Expense 695.80
03/17/00 33230 Neopost Postage 178.45
03/17/00 33231 Paging Network of AL/TN Telephone 76.40
03/17/00 33232 Francis Ruppel Travel Expense 38.50
03/17/00 33233 Security Business Records Office Expense 292.33
03/17/00 33234 Sunlife of Canada Employee Group Insurance 240.20
03/17/00 33235 Dan Tedone Travel Expense 361.60
03/17/00 33236 Ullrich Printing Office Expense 69.15
03/17/00 33237 A. James Wilkins Travel Expense 117.64
03/17/00 33238 Marshall Zimmermann Subcontractor/Materials 176.28
03/17/00 33239 Zurich Insurance Co. Employee Group Insurance 89.00
03/22/00 33240 Oak Ridge Office Supply Office Expense 169.59
03/23/00 33241 Accountemps Temp. Labor 867.84
03/23/00 33242 American Express Co. Travel Expense 7,837.99
03/23/00 33243 AT&T Telephone 1,676.42
03/23/00 33244 AT&T Telephone 2,493.01
03/23/00 33245 Alex Baldwin Travel Expense 2,232.37
03/23/00 33246 CDI Engineering Subcontractor/Materials 3,360.00
03/23/00 33247 John Clark Travel Expense 55.38
03/23/00 33248 Steven DeCicco Travel Expense 458.93
03/23/00 33249 DHL Wordwide Express Freight 222.49
03/23/00 33250 Christopher Gable Travel Expense 832.34
03/23/00 33251 LBMC Strategic Staffing Temp. Labor 4,009.70
03/23/00 33252 Roden Electric Subcontractor/Materials 4,672.52
03/23/00 33253 Francis Ruppel Travel Expense 1,322.38
03/23/00 33254 Jeffrey Wynn Travel Expense 15.74
03/24/00 33255 Alice C. Myers Travel Expense 2,200.00
03/24/00 33256 Accountemps Temp. Labor 949.20
03/24/00 33257 CT Corporation System Miscellaneous 1,751.00
03/24/00 33258 Deluxe Business Forms Office Expense 297.67
03/24/00 33259 Internal Revenue Service Garnishment 210.00
03/24/00 33260 Jenkins Coffee Miscellaneous 104.84
03/24/00 33261 LBMC Strategic Staffing Temp. Labor 1,982.43
03/24/00 33262 TIFCO Interest Expense 2,334.73
03/24/00 33263 Ullrich Printing Office Expense 52.05
03/24/00 Bank Debit Neopost Postage 150.00
--------
</TABLE>
<PAGE>
Thermatrix, Inc.
Case #SA99-22776-JR
First Union National Bank
Disbursement Account
#2000007620025
3/1/00 thru 3/31/00
<TABLE>
<CAPTION>
Check Check
Date Number Payee Purpose Amount
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Sub-Total 340,323.91
==========
03/03/00 Wire-Out Wahlco Inc. Disbursement Account 92,355.27
----------
Grand Total 432,679.18
==========
</TABLE>
<PAGE>
CASE NAME: THERMATRIX INC. et al.
CASE NUMBER: SA99-22776JR, with SA99-22772, 22773, 22775, 22778
STATEMENT NO.: 3
RECEIPTS FOR THE PERIOD FROM: 1-Mar-00
TO: 31-Mar-00
------
ACCT: THERMATRIX PAYROLL AMOUNT
- -------------------------------------------------------------------------------
Transfers from Concentration Account 219,027.43
(see the attachment to the Thermatrix Concentration
Account Disbursements for detail)
Refund of overpayment to employee 03/23/00 1,933.97
ADP - currently researching 03/30/00 23.67
-----------
TOTAL $220,985.07
===========
<PAGE>
<TABLE>
<CAPTION>
CASE NAME: THERMATRIX INC. et al.
CASE NUMBER: SA99-22776JR, with SA99-22772, 22773, 22776, 22778
STATEMENT NO.: 3
DISBURSEMENTS FOR THE PERIOD FROM: 1-Mar-00
TO: 31-Mar-00
ACCT: THERMATRIX PAYROLL
- --------------------------------------------------------------------------------------------------------------------------------
PAYEE DESCRIPTION AMOUNT CHECK NO. DATE
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
ADP - See attached summary Payroll Check 3,713.95 3/14/00
ADP - See attached summary Payroll - Direct Deposits 65,412.00 3/14/00
ADP - See attached summary Payroll Taxes - Federal 32,272.62 3/14/00
ADP - See attached summary Payroll Taxes - State 1,367.33 3/14/00
ADP - See attached summary Payroll Check 3,889.54 3/30/00
ADP - See attached summary Payroll - Direct Deposits 78,920.52 3/30/00
ADP - See attached summary Payroll Taxes - Federal 32,368.25 3/30/00
ADP - See attached summary Payroll Taxes - State 1,083.22 3/30/00
ADP Currently researching 27.99 3/16/00
ADP Fees 192.51 3/6/00
ADP Fees 149.21 3/6/00
ADP Fees 35.00 3/6/00
ADP Fees 40.00 3/10/00
ADP Fees 194.85 24-Mar
ADP Fees 209.75 29-Mar
ADP Fees 24.00 31-Mar
----------
TOTAL 219,900.74
==========
</TABLE>
"See Attached Summary"
<PAGE>
CASE NAME: THERMATRIX INC. et al.
CASE NUMBER: SA99-22776JR, with SA99-22772, 22773, 22775, 22778
STATEMENT NO.: 3
RECEIPTS FOR THE PERIOD FROM: 1-Mar-00
TO: 31-Mar-00
------
ACCT: THERMATRIX TAX AMOUNT
- ---------------------------------------------------------------------------
Transfer from Concentration Account 3/14/00 38.26
------
TOTAL $38.26
======
<PAGE>
CASE NAME: THERMATRIX INC. et al.
CASE NUMBER: SA99-22776JR, with SA99-22772, 22773, 22775, 22778
STATEMENT NO.: 3
DISBURSEMENTS FOR THE PERIOD FROM: 1-Mar-00
TO: 31-Mar-00
ACCT: THERMATRIX TAX
- --------------------------------------------------------------------------------
PAYEE DESCRIPTION AMOUNT CHECK NO. DATE
- --------------------------------------------------------------------------------
First Union Bank Fees 38.26 Bank Debit 3/10/00
TOTAL $38.26
======
<PAGE>
CASE NAME: THERMATRIX. et al.
CASE NUMBER: SA99-22776JR, with SA99-22772, 22773,22775, 22778
STATEMENTS NO.: 3
RECEIPTS FOR THE PERIOD FROM: 1-Mar-00
TO: 31-Mar-00
---------------
ACCT: WAHLCO, INC. AMOUNT
- --------------------------------------------------------------------------------
Transfers from Concentration Account 615,162.31
(see the attachment to the Thermatrix Concentration Account
Disbursements for detail)
Transfer from Thermatrix - Disbursement Acct 3/3/00 92,355.27
(above amount was transferred from the Concentration Account
to the Thermatrix - Disbursement Account inadvertently -
should have been transferred directly to the Wahlco, Inc. -
Disbursement Account)
-----------
TOTAL $707,517.58
===========
<PAGE>
Wahlco, Inc.
Case #SA99-22772-JR
First Union National Bank
Disbursement Account
#2000007820009
3/1/00 thru 3/31/00
<TABLE>
<CAPTION>
Check Check
Date Number Payee Purpose Amount
- --------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
02/23/00 1227 EADS Constructors, Inc. Materials 701.67
02/23/00 1235 DMM Pipe & Supply Co. Materials 5,419.33
02/23/00 1264 Metric Machining Materials 622.50
02/23/00 1265 Muscle Shoals Minerals, Inc. Materials 900.00
02/23/00 1274 Robert Charleton Materials 377.58
02/25/00 1292 Fracht Fwo, Inc. Freight 5,348.00
02/25/00 1293 Exhibit Group/Giltspur, Inc. Trade Show 648.00
02/25/00 1294 Bayside Services Maintenance 725.53
02/25/00 1298 Bestech Consulting Svc. Consultant Expense 5,270.95
03/01/00 1312 Land & Lakes Rental Rent 290.00
03/03/00 1313 Void Void -
03/03/00 1314 Void Void -
03/03/00 1315 Void Void -
03/03/00 1316 B & K Electric Wholesale Materials 3,643.96
03/03/00 1317 Federal Express Corp. Freight 16.94
03/03/00 1318 Richard Rogers Travel Expense 2,350.00
03/01/00 1319 Insulation Supply Company Materials 386.34
03/01/00 1320 Tim Kolacek Travel Expense 1,052.95
03/01/00 1321 Dixon Boiler Works, Inc. Materials 7,434.00
03/03/00 1322 Parker Supply Co. Materials 4,026.24
03/03/00 1323 Cal-State Seal Materials 1,088.73
03/03/00 1324 Larry Hayson-Petty Cash Miscellaneous 927.75
03/03/00 1325 McJunkin Corp. Materials 1,159.52
03/03/00 1326 DFI Dynamic Fabrication, Inc. Materials 39,120.00
03/03/00 1327 Viking Industrial Supply Co. Materials 674.89
03/03/00 1328 Praxair Materials 543.02
03/03/00 1329 Omega Engineering, Inc. Materials 55.00
03/03/00 1330 Tell Steel Materials 271.74
03/03/00 1331 AZ Manufacturing Co., Materials 705.00
03/03/00 1332 Action Instruments Materials 720.59
03/03/00 1333 Reproimage Materials 342.47
03/03/00 1334 Invincible Airflow Systems Materials 3,338.00
03/03/00 1335 Caltrol, Inc. Materials 642.00
03/03/00 1336 Controlco, Inc. Materials 60.44
03/03/00 1337 Foxboro Company Materials 3,410.00
03/03/00 1338 Bestech Consulting Svc. Consultant Expense 4,551.25
03/03/00 1339 Datatek Computer Project Consultant 2,470.00
03/03/00 1340 DMM Pipe & Supply Co. Materials 2,146.80
03/03/00 1341 Ashland Distribution Co. Materials 618.75
03/03/00 1342 Teeco Products, Inc. Materials 1,282.20
03/03/00 1343 Monsanto Enviro-Chem Materials 1,110.00
03/03/00 1344 Guy L. Warden & Sons Materials 1,163.26
03/10/00 1345 Void Void -
03/10/00 Wire-out Wahlco, Inc. Payroll Account Payroll 45,000.00
03/10/00 Wire-out Chemline Plastics, Inc. Materials 1,490.00
03/23/00 1346 Consolidated Reproductions Office Expense 36.19
03/04/00 1347 Void Void -
03/06/00 1348 Void Void -
03/06/00 1349 Void Void -
03/06/00 1350 Sou Cal Edision Telephone 3,868.42
03/06/00 1351 Account Pros Temp. Labor 2,128.00
03/06/00 1352 New Hermes Materials 326.65
03/06/00 1353 Void Void -
03/06/00 1354 Void Void -
03/06/00 1355 Void Void -
03/06/00 1356 B&K Electric Wholesale Materials 2,472.12
03/06/00 1357 Federal Express Corp Freight 540.47
03/06/00 1358 Arcus Data Security Office Expense 119.76
03/06/00 1359 Hydrokinetics Materials 78.00
</TABLE>
<PAGE>
Wahlco, Inc.
Case #SA99-22772-JR
First Union National Bank
Disbursement Account
#2000007820009
3/1/00 thru 3/31/00
<TABLE>
<CAPTION>
Check Check
Date Number Payee Purpose Amount
- --------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
03/06/00 1360 Xerox Corporation Office Expense 701.67
03/06/00 1361 O.G. Supply, Inc. Materials 17.33
03/06/00 1362 Orange Valve & Fitting Co. Materials 11,513.57
03/06/00 1363 Void Void -
03/06/00 1364 Fenn Termite & Pest Control Maintenance 85.00
03/06/00 1365 Harrington Industrial Plastics Materials 940.12
03/06/00 1366 McJunkin Corporation Materials 1,758.90
03/06/00 1367 City of Santa Ana Utilities 430.06
03/06/00 1368 CF Motor Freight Freight 241.48
03/06/00 1369 Southwestern Bell Telephone 135.05
03/06/00 1370 Orange County Marshal Garnishment 90.00
03/06/00 1371 Phoneby Telephone 145.00
03/06/00 1372 Everett W. Knell Travel Expense 511.09
03/06/00 1373 Kinko's Inc. Office Expense 144.56
03/06/00 1374 Ameritech Telephone 489.93
03/06/00 1375 Jadtec Computer Group Maintenance 561.00
03/06/00 1376 RPS Industries Materials 500.00
03/06/00 1377 Praxair Materials 650.81
03/06/00 1378 Zurich Payroll Solutions, Ltd. Office Expense 417.00
03/06/00 1379 McMaste - Carr Materials 135.00
03/06/00 1380 Abigail Abbott Staffing Svcs. Temp. Labor 1,176.32
03/06/00 1381 Tell Steel Materials 75.60
03/06/00 1382 Expansion Joint Systems, Inc. Materials 1,404.00
03/06/00 1383 Action Instruments Materials 607.74
03/06/00 1384 U.S. Healthworks Medical Grp. Employee Group Insurance 270.00
03/06/00 1385 County of Orange Garnishment 898.21
03/06/00 1386 Zurich Insurance Company Employee Group Insurance 205.84
03/06/00 1387 Sun Life Of Canada Employee Group Insurance 611.10
03/06/00 1388 Eagle Staffing Services Temp. Labor 749.25
03/06/00 1389 Temploy, Inc. Temp. Labor 1,892.20
03/06/00 1390 George Menchaca Gardening Maintenance 380.00
03/06/00 1391 Void Void -
03/06/00 1392 New Hermes Materials 190.00
03/06/00 1393 Yellow Freight System, Inc. Freight 315.41
03/06/00 1394 FKM Copier Supplies Office Expense 33.94
03/09/00 1395 Caltrol Inc. Materials 11,383.80
03/09/00 1396 Steven Engineering Materials 308.76
03/09/00 1397 Teeco Products, Inc Materials 933.20
03/09/00 1398 Atlas Bolt & Supply Co. Materials 35.84
03/09/00 1399 McJunkin Corp Materials 241.71
03/09/00 1400 Parker Supply Company Materials 206.95
03/09/00 1401 Orange Valve & Fitting Co. Materials 211.20
03/09/00 1402 Measurement Variables Inc Materials 18,947.28
03/09/00 1403 Measurement Variables Inc Materials 5,832.80
03/09/00 1404 MTS System Corp Materials 2,175.00
03/09/00 1405 Jenson Instruments Materials 2,149.96
03/09/00 1406 Tell Steel Materials 271.74
03/09/00 1407 Orange Valve & Fitting Co. Materials 407.20
03/09/00 1408 Atlas Bolt & Supply Co. Materials 211.64
03/06/00 1409 Void Void -
03/06/00 1410 Void Void -
03/06/00 1411 Void Void -
03/06/00 1412 Atlas Bolt & Supply Co Materials 434.67
03/06/00 1413 Duhig & Co. Materials 2,387.98
03/06/00 1414 Western Sandblasting Co. Materials 80.00
03/06/00 1415 Moore Industries Intl Materials 990.00
03/06/00 1416 Mcjunkin Corporation Materials 6,293.97
03/06/00 1417 South County Properties Materials 61,777.93
03/06/00 1418 Tell Steel Materials 5,941.93
</TABLE>
<PAGE>
Wahlco, Inc.
Case #SA99-22772-JR
First Union National Bank
Disbursement Account
#2000007820009
3/1/00 thru 3/31/00
<TABLE>
<CAPTION>
Check Check
Date Number Payee Purpose Amount
- ------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
03/06/00 1419 Anaheim Precision Mfg. Materials 852.25
03/06/00 1420 Hurlen Corporation Materials 5,900.00
03/06/00 1421 John Herbold Travel Expense 74.50
03/06/00 1422 John C. Hogsett Travel Expense 511.64
03/13/00 1423 Richard P. Gleiser Travel Expense 1,775.00
03/13/00 1424 Caltrol Inc. Materials 11,383.60
03/14/00 1425 Void Void -
03/14/00 1426 Void Void -
03/14/00 1427 Void Void -
03/14/00 1428 Atlas Bolt & Supply Co. Materials 400.38
03/14/00 1429 B&K Electric Wholesale Materials 13,915.46
03/14/00 1430 Dwyer Instrument Inc. Materials 68.40
03/14/00 1431 Eurotherm Controls Inc. Materials 632.00
03/14/00 1432 Hydrokinetics Materials 1,248.20
03/14/00 1433 Insulation Supply Co. Materials 330.58
03/14/00 1434 Orange Valve & Fitting Co. Materials 71.80
03/14/00 1435 United States Postal Service Office Expense 250.00
03/14/00 1436 Suburban Propane Materials 400.83
03/14/00 1437 DFI Dynamic Fabrication. Inc. Materials 838.83
03/14/00 1438 Viking Industrial Supply Co. Office Expense 108.83
03/14/00 1439 Thermo Electric Co, Inc. Materials 3,440.00
03/14/00 1440 Watlow Electric Materials 5,107.80
03/14/00 1441 Marlin Manufacturing Corp Materials 68.40
03/14/00 1442 Standard Coffee Service Office Expense 75.10
03/14/00 1443 Measurement Variables Inc. Materials 1,371.04
03/14/00 1444 Christina Ballesteros DBA Materials 612.05
03/14/00 1445 Kaman Industrial Technologies Materials 41.37
03/14/00 1446 Tell Steel Materials 1,336.03
03/14/00 1447 Serra Laser Center Materials 320.00
03/14/00 1448 BASF Corporation Materials 3,360.00
03/14/00 1449 Universal Silencer Materials 1,995.00
03/14/00 1450 Acopian Materials 213.00
03/14/00 1451 Harbison & Walker Materials 348.12
03/14/00 1452 Continental Blower, LLC Materials 5,316.50
03/14/00 1453 Indeeco Controls Materials 592.00
03/14/00 1454 Monsanto Enviro-Chem Materials 740.00
03/14/00 1455 GDC/City Wire Cloth Materials 115.57
03/14/00 1456 Bob Martin Company Maintenance 94.71
03/15/00 1457 Void Void -
03/15/00 1458 Void Void -
03/15/00 1459 Void Void -
03/15/00 1460 R. Rogers Travel Expense 1,363.68
03/15/00 1461 Aetna US Healthcare Employee Group Insurance 17,528.30
03/15/00 1462 OG Supply, Inc. Materials 1,271.64
03/15/00 1463 Pacific Bell Telephone 1,374.54
03/15/00 1464 CF Motor Freight Freight 740.28
03/15/00 1465 Unum Life Insurance Employee Group Insurance 380.40
03/15/00 1466 General Process Controls Materials 506.81
03/15/00 1467 Zurich Payroll Solutions Ltd. Office Expense 137.71
03/15/00 1468 M.I. Cable Technologies, Inc. Materials 2,674.21
03/15/00 1469 Barry J. Southam Consultant Expense 10,450.00
03/15/00 1470 Bestech Consulting Services Consultant Expense 4,001.25
03/15/00 1471 Datatek Computer Project Consultant 1,755.00
03/15/00 1472 Guarantee Life Ins Co. Employee Group Insurance 7,313.43
03/15/00 1473 Temploy, Inc. Temp. Labor 3,503.72
03/17/00 1474 Void Void -
03/17/00 1475 Void Void -
03/17/00 1476 Void Void -
03/17/00 1477 B&K Electric Wholesale Materials 1,206.33
</TABLE>
<PAGE>
Wahlco, Inc.
Case #SA99-22772-JR
First Union National Bank
Disbursement Account
#2000007820009
3/1/00 thru 3/31/00
<TABLE>
<CAPTION>
Check Check
Date Number Payee Purpose Amount
- --------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
03/17/00 1478 Duhig & Co., Inc. Materials 202.09
03/17/00 1479 Insulation Supply Co. Materials 77.00
03/17/00 1480 Moore Industries Intl Materials 395.00
03/17/00 1481 Orange Valve & Fitting Co. Materials 1,893.20
03/17/00 1482 McJunkin Corporation Materials 2,829.50
03/17/00 1483 DFI Dynamic Fabrication Materials 552.00
03/17/00 1484 Orange County Marshal Garnishment 45.00
03/17/00 1485 Shamrock Materials 226.89
03/17/00 1486 J&M Products Materials 738.00
03/17/00 1487 Rene Raudez Miscellaneous 228.31
03/17/00 1488 Jensen Instruments Materials 722.06
03/17/00 1489 Zurich Payroll Solutions Ltd Office Expense 37.71
03/17/00 1490 Kaman Industrial Technologies Materials 350.40
03/17/00 1491 Tell Steel Materials 90.80
03/17/00 1492 AZ Manufacturing Inc. Materials 293.00
03/17/00 1493 County of Orange Garnishment 288.92
03/17/00 1494 Harbison & Walker Materials 327.78
03/17/00 1495 Bray Sales - So. California Materials 1,413.00
03/17/00 1496 Landmark Communications Inc Telephone 237.13
03/17/00 1497 Guy L. Warden & Sons Materials 270.57
03/17/00 1498 Comed Utilities 189.82
03/21/00 1499 Patrick M. Reilly Consultant Expense 1,950.00
03/21/00 1500 OSTS Inc Training 835.00
03/21/00 1501 All Ways Trucking Inc Freight 2,170.00
03/21/00 1502 Larry Hayson/Petty Cash Miscellaneous 1,228.09
03/21/00 1503 Trinity Industries Inc Materials 32,615.00
03/21/00 1504 Caplugs Materials 113.14
03/21/00 1505 Void Void -
03/27/00 1506 Void Void -
03/27/00 1507 Void Void -
03/27/00 1508 Void Void -
03/27/00 1509 Richard Rogers Travel Expense 979.09
03/27/00 1510 Great Western Reclamation Utilities 708.83
03/27/00 1511 McJunkin Corp Materials 551.25
03/27/00 1512 Southern California Edison Utilities 5,764.61
03/27/00 1513 Southern California Gas Co. Utilities 158.55
03/27/00 1514 CF Motor Freight Freight 177.25
03/27/00 1515 Sdouthwestern Bell Utilities 46.76
03/27/00 1516 Pico Rivera Pallet Co. Materials 242.44
03/27/00 1517 Watlow Electric Materials 220.00
03/27/00 1518 Martin Manufacturing Corp Materials 159.45
03/27/00 1519 Pro-Forma Unisource Office Expense 123.42
03/27/00 1520 Office Depot Office Expense 397.90
03/27/00 1521 Praxair Materials 381.70
03/27/00 1522 Zurich Payroll Solutions Office Expense 417.00
03/27/00 1523 Measurement Variables Materials 710.90
03/27/00 1524 Anaheim Precision Mfg Materials 540.00
03/27/00 1525 Yokogawa Corp of America Materials 8.89
03/27/00 1526 M.I. Cable Technologies Materials 2,185.36
03/27/00 1527 Industrial Blade Materials 189.58
03/27/00 1528 Caltrol, Inc. Materials 385.20
03/27/00 1529 Los Angeles Galvanizing Co. Materials 545.36
03/27/00 1530 Temploy, Inc. Temp. Labor 5,322.72
03/27/00 1531 AccountPros Temp. Labor 1,120.00
03/27/00 1532 Canadian Standards Assoc License Fee 1,165.00
03/27/00 1533 UPS Freight 2,628.26
03/28/00 1534 Orange Valve Materials 278.60
03/28/00 1535 Fountain Calley Paints Materials 129.83
03/28/00 1536 Foundry Service Materials 474.24
</TABLE>
<PAGE>
Wahlco, Inc.
Case #SA99-22772-JR
First Union National Bank
Disbursement Account
#2000007820009
3/1/00 thru 3/31/00
<TABLE>
<CAPTION>
Check Check
Date Number Payee Purpose Amount
- ---------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
03/28/00 1537 Void Void -
03/28/00 1538 Void Void -
03/28/00 1539 Void Void -
03/28/00 1540 Duhig And Co. Materials 1,770.00
03/28/00 1541 Air Sea Forwarders Freight 169.78
03/28/00 1542 Liquid Handling Systems Materials 5,075.00
03/28/00 1543 Western Sandblasting Co. Materials 485.00
03/28/00 1544 Pacific Parts Materials 141.05
03/28/00 1545 McJunkin Corp. Materials 2,461.73
03/28/00 1546 DFI Dynamic Fabrication Materials 805.00
03/28/00 1547 Orange County Marshall Garnishment 45.00
03/28/00 1548 Thorpe Insulation Co Materials 7,793.46
03/28/00 1549 Integrated Controls Materials 961.25
03/28/00 1550 Rainsford Enterprises Materials 1,165.00
03/28/00 1551 Fossil Energy Research Materials 15,000.00
03/28/00 1552 Pro-forma Unisource Office Expense 1,321.88
03/28/00 1553 Polycase Products Materials 132.00
03/28/00 1554 Chas. S. Lewis Materials 11,190.50
03/28/00 1555 Az Manufacturing, Inc Materials 600.00
03/28/00 1556 Acopian Materials 213.00
03/28/00 1557 Endress & Hauser Materials 5,418.67
03/28/00 1558 Reproimage Office Expense 463.15
03/28/00 1559 County of Orange C/O Garnishment 288.92
03/28/00 1560 Carlton, Inc. Materials 2,560.40
03/28/00 1561 Datatek Computer Project Consultant 4,688.15
03/28/00 1562 Thermo Power Industries Materials 934.00
03/28/00 1563 National Turbine Corp Materials 12,150.00
03/28/00 1564 All Ways Trucking Freight 2,170.00
03/28/00 1565 Kelco Sales Materials 648.57
03/28/00 1566 N.A. D'Arcy Co Materials 755.00
03/28/00 1567 Larry Hayson Freight 325.00
03/28/00 1569 Carlton, Inc. Materials 132.00
03/28/00 1570 Larry Hayson Materials 318.00
03/28/00 1571 Newark Electronics Materials 115.16
03/28/00 1572 RHI America Materials 309.44
03/28/00 1573 Orange Valve Materials 375.20
----------
Sub-Total 619,762.87
==========
1267 Void Void Previously Issued (1,490.00)
1271 Void Void Previously Issued (933.20)
1309 Void Void Previously Issued (2,172.96)
Total 615,166.71
==========
</TABLE>
<PAGE>
CASE NAME: THERMATRIX INC. et al.
CASE NUMBER: SA99-22772, 22773, 22775, 22778
STATEMENT NO.: 3
RECEIPTS FOR THE PERIOD FROM: 1-Mar-00
TO: 31-Mar-00
--------------
ACCT: WAHLCO, INC. PAYROLL AMOUNT
- --------------------------------------------------------------------------------
Transfers from Concentration Account 266,680.07
(see the attachment to the Thermatrix Concentration
Account Disbursements for detail)
Transfer from Wahlco, Inc. Disbursement Account 45,000.00
(above amount was transferred from the Concentration
Account to the Wahlco, Inc. - Disbursement Account
inadvertently - should have been transferred directly to
the Wahlco, Inc. - Payroll Account)
Refund of employee overpayments 3/31/00 2,076.92
-----------
TOTAL $313,756.99
===========
<PAGE>
CASE NAME: THERMATRIX. et al.
CASE NUMBER: SA 99-22776JR, with SA99-22772, 22773, 22775, 22778
STATEMENT NO.: 3
DISBURSEMENTS FOR THE PERIOD FROM: 1-Mar-00
TO: 31-Mar-00
ACCT: WAHLCO, INC.
- --------------------------------------------------------------------------------
PAYEE DESCRIPTION AMOUNT CHECK NO. DATE
- --------------------------------------------------------------------------------
See attached - Wahlco, Inc. Disbursement
Account 615,166.71
-----------
TOTAL $615,166.71
===========
<PAGE>
CASE NAME: THERMATRIX INC. et al.
CASE NUMBER: SA99-22776JR, with SA99-22772, 22773, 22775, 22778
<TABLE>
<CAPTION>
STATEMENT NO.: 3
DISBURSEMENTS FOR THE PERIOD FROM: 1-Mar-00
TO: 31-Mar-00
ACCT: WAHLCO, INC. PAYROLL
- ------------------------------------------------------------------------------------------------
PAYEE DESCRIPTION AMOUNT CHECK NO. DATE
- ------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Payroll - see attached summary To employees 73,480.51 3/1/00
Payroll - see attached summary Federal Taxes 29,900.06 3/2/00
Payroll - see attached summary State Taxes 5,376.43 3/2/00
Payroll - see attached summary To employees 68,117.45 3/15/00
Payroll - see attached summary Federal Taxes 27,763.79 3/16/00
Payroll - see attached summary State Taxes 4,376.19 3/16/00
Payroll - see attached summary To employees 70,506.26 3/29/00
Payroll - see attached summary Federal Taxes 28,828.95 3/29/00
Payroll - see attached summary State Taxes 4,357.48 3/29/00
Bank of America Monthly service charge 89.45 3/27/00
TOTAL $312,796.57
===========
</TABLE>
"See Attached Summary"
<PAGE>
CASE NAME: THERMATRIX INC. et al.
CASE NUMBER: SA99-22776JR, with SA99-22772, 22773, 22775, 22778
STATEMENT NO.: 3
RECEIPTS FOR THE PERIOD FROM: 1-Mar-00
TO: 31-Mar-00
-------------
ACCT: WAHLCO, INC. TAX AMOUNT
- --------------------------------------------------------------------------------
Transfers from Concentration Account 3/14/00 38.26
TOTAL $38.26
======
<PAGE>
CASE NAME: THERMATRIX INC. et al.
CASE NUMBER: SA99-22776JR, with SA99-22772, 22773, 22775, 22778
STATEMENT NO.: 3
DISBURSEMENTS FOR THE PERIOD FROM: 1-Mar-00
TO: 31-Mar-00
ACCT: WAHLCO, INC. TAX
- --------------------------------------------------------------------------------
PAYEE DESCRIPTION AMOUNT CHECK NO. DATE
- --------------------------------------------------------------------------------
First Union Bank Fees 38.26 Bank Debit 3/10/00
TOTAL $38.26
======
<PAGE>
CASE NAME: THERMATRIX INC. et al.
CASE NUMBER: SA99-22776JR, with SA99-22772, 22773, 22775, 22778
STATEMENT NO.: 3
RECEIPTS FOR THE PERIOD FROM: 1-Mar-00
TO: 31-Mar-00
-------------
ACCT: WAHLCO ENGINEERED PRODUCT, INC. DISBURSEMENT AMOUNT
- --------------------------------------------------------------------------------
Transfers from Concentration Account 528,627.34
(see the attachment to the Thermatrix Concentration
Account Disbursements for detail)
-----------
TOTAL $528,627.34
===========
<PAGE>
WEP, Inc.
Case #SA99-22775-JR
First National Bank
Disbursement Account
A/C#2000007620012
3/1/00 thru 3/31/00
<TABLE>
<CAPTION>
Check Check
Date Number Payee Purpose Amount
- ----------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
03/02/00 51331 Void Void -
03/02/00 51332 APA Transport Corp Freight 75.01
03/02/00 51333 Auburn Manufacturing Materials 369.00
03/02/00 51334 EA Buschmann Inc Materials 551.18
03/02/00 51335 Carboline Co. Materials 5,244.75
03/02/00 51336 James C. White Co, Inc. Materials 2,349.24
03/02/00 51337 Dons Sheet Metal Inc. Materials 1,944.00
03/02/00 51338 EJE Industries Materials 202.00
03/02/00 51339 Fraser Molloy & Assoc Inc Materials 732.50
03/02/00 51340 KL Jack & Co Materials 500.00
03/02/00 51341 KL Jack & Co Materials 550.93
03/02/00 51342 Lawrence Metal Form. Corp Materials 865.00
03/02/00 51343 LP Poirier & Son, Inc. Maintenance 800.00
03/02/00 51344 Denman & Davis Materials 1,643.66
03/02/00 51345 Denman & Davis Materials 4,381.86
03/02/00 51346 Reed Paper Office Expense 387.13
03/02/00 51347 Remote Controls Inc. Materials 3,898.00
03/02/00 51348 Remote Controls Inc. Materials 963.00
03/02/00 51349 Remote Controls Inc. Materials 616.00
03/02/00 51350 Ross Express, Inc. Freight 11.56
03/02/00 51351 Rolled Alloys Materials 513.03
03/02/00 51352 Steel Service Center Materials 8,774.43
03/02/00 51353 Kaman Ind Tech Corp. Materials 4,977.00
03/02/00 51354 Wordwrap Office Expense 1,000.00
03/02/00 51355 Riviera Finance Lease 550.00
03/02/00 51356 Airborne Freight Corp/DBA Freight 22.75
03/02/00 51357 Acadia Employee Group Insurance 359.86
03/02/00 51358 Ikon Office Solutions Office Expense 10.47
03/02/00 51359 APA Transport Corp Freight 457.13
03/02/00 51360 Auma Actuator Materials 136.40
03/02/00 51361 Boise Cascade Office Prod Office Expense 133.72
03/02/00 51362 Caterpillar Financial Lease 431.00
03/02/00 51363 Great Amer Leasing Corp. Lease 84.69
03/02/00 51364 Conseco Finance Vendor Lease 470.92
03/02/00 51365 Guarantee Life Insur. Co. Employee Group Insurance 8,522.91
03/02/00 51366 CW Hayden Co Materials 334.75
03/02/00 51367 Central Maine Athletic Miscellaneous 383.00
03/02/00 51368 LP Poirier & Son, Inc. Maintenance 950.00
03/02/00 51369 Ministere du Revenu Sales Tax 143.50
03/02/00 51370 Bell Atlantic ME Utilities 171.81
03/02/00 51371 Raymond C Gagne Maintenance 462.50
03/02/00 51372 Waste Management of Maine Maintenance 632.67
03/02/00 51373 Unifirst Corp Miscellaneous 1,123.20
03/02/00 51374 Void Void -
03/02/00 51375 United Parcel Service Freight 181.98
03/02/00 51376 Wordwrap Office Expense 991.70
03/02/00 51377 Void Void -
03/02/00 51378 Gail Graham Retirement 833.33
03/02/00 51379 Neil Patterson Retirement 858.33
03/02/00 51380 Paul Roy Travel Expense 3,858.22
03/02/00 51381 John Chantrill Travel Expense 500.00
03/02/00 51382 Webster's Business Guide Office Expense 49.00
03/02/00 51383 Void Void -
03/02/00 51384 Petty Cash Miscellaneous 298.39
03/02/00 51385 Void Void -
03/02/00 51386 Auma Actuator Materials 8,226.00
03/02/00 51387 Spectrum Auto Body Supply Materials 1,278.85
03/07/00 51388 Acadia Employee Group Insurance 86.76
03/07/00 51389 Void Void -
</TABLE>
<PAGE>
WEP, Inc.
Case #SA99-22775-JR
First National Bank
Disbursement Account
A/C#2000007620012
3/1/00 thru 3/31/00
<TABLE>
<CAPTION>
Check Check
Date Number Payee Purpose Amount
- ----------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
03/07/00 51390 Void Void -
03/07/00 51391 Void Void -
03/07/00 51392 Void Void -
03/07/00 51393 Void Void -
03/07/00 51394 Ben Alpren Materials 165.00
03/07/00 51395 American Steel & Alum Materials 1,336.40
03/07/00 51396 Auburn Manufacturing Materials 1,795.00
03/07/00 51397 Auma Actuator Materials 1,266.00
03/07/00 51398 Norton Perf. Plastics Corp. Materials 617.76
03/07/00 51399 Champion Fasteners Materials 1,804.32
03/07/00 51400 D&G Machine Materials 200.00
03/07/00 51401 Dons Sheet Metal Materials 300.00
03/07/00 51402 Enterprise Foundry Materials 691.35
03/07/00 51403 Enterprise Foundry Materials 868.50
03/07/00 51404 General Insulation Materials 1,371.32
03/07/00 51405 Gilman Supply Materials 1,489.02
03/07/00 51406 Haynes International Materials 2,439.50
03/07/00 51407 CW Hayden Materials 135.75
03/07/00 51408 Holmes Distributors Materials 3,961.10
03/07/00 51409 Inpro Materials 634.05
03/07/00 51410 KL Jack Materials 455.41
03/07/00 51411 Leen Co. Materials 1,535.00
03/07/00 51412 Lewiston Paint & Wallpaper Materials 300.00
03/07/00 51413 Lewiston Paint & Wallpaper Materials 500.00
03/07/00 51414 ME Oxy Materials 4,000.00
03/07/00 51415 ME Oxy Materials 4,000.00
03/07/00 51416 Metal Specialties Materials 1,549.00
03/07/00 51417 Midwest Metal Materials 116.52
03/07/00 51418 Newark Elect. Materials 383.50
03/07/00 51419 Northeast Doran Materials 225.00
03/07/00 51420 Denman & Davis Materials 3,957.00
03/07/00 51421 Radnor Alloys Materials 600.91
03/07/00 51422 Remote Controls Materials 4,572.00
03/07/00 51423 Remote Controls Materials 405.00
03/07/00 51424 Rolled Alloys Materials 1,812.10
03/07/00 51425 Kaman Materials 497.25
03/13/00 51426 Void Void -
03/07/00 51427 Kaman Materials 1,133.61
03/07/00 51428 Kaman Materials 2,624.38
03/07/00 51429 Textiles Coated Materials 1,338.00
03/07/00 51430 Jos. T. Ryerson Materials 364.00
03/07/00 51431 Jos. T. Ryerson Materials 910.00
03/07/00 51432 Time Doctor Materials 70.00
03/07/00 51433 Tioga Pipe Supply Materials 2,417.20
03/07/00 51434 Tioga Pipe Supply Materials 760.00
03/07/00 51435 Tioga Pipe Supply Materials 4,346.00
03/07/00 51436 UNISCO Materials 500.07
03/07/00 51437 WL Blake Materials 656.60
03/07/00 51438 Marmon Keystone Corp Materials 2,862.20
03/10/00 51439 Marmon Keystone Corp Materials 1,020.00
03/10/00 51440 Ben Alpren Co Inc Materials 64.04
03/10/00 51441 WH Green & Sons Inc Materials 8,800.00
03/10/00 51442 Bodycote Hooven Inc Materials 600.00
03/10/00 51443 Bodycote Hooven Inc Materials 600.00
03/10/00 51444 Elite Inspection Serv Inc Materials 20.00
03/10/00 51445 Elite Inspection Serv Inc Materials 1,920.00
03/10/00 51446 Elite Inspection Serv Inc Materials 832.00
03/10/00 51447 Mechanical Insulation Materials 386.51
03/10/00 51448 Manhattan Supply Co Materials 168.00
</TABLE>
<PAGE>
WEP, Inc.
Case #SA99-22775-JR
First National Bank
Disbursement Account
A/C#2000007620012
3/1/00 thru 3/31/00
<TABLE>
<CAPTION>
Check Check
Date Number Payee Purpose Amount
- ----------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
03/10/00 51449 Radnor Alloys Inc. Materials 736.20
03/10/00 51450 Jos. T. Ryerson Materials 364.65
03/10/00 51451 Robert Berube Travel Expense 815.00
03/10/00 51452 Aetna-US Healthcare Employee Group Insurance 33,443.40
03/13/00 51453 Applied Industrial Materials 4,694.29
03/13/00 51454 Paul Roy Travel Expense 1,500.00
03/13/00 51455 John Chantrill Travel Expense 1,700.00
03/15/00 51456 Acadia Employee Group Insurance 67.94
03/15/00 51457 APA Transport Corp Freight 2,353.30
03/15/00 51458 Bell Atlantic Utilities 62.44
03/15/00 51459 Commtel Internet Utilities 99.00
03/15/00 51460 DHL Airways, Inc Freight 266.84
03/15/00 51461 CW Hayden Materials 200.50
03/15/00 51462 LA Express Freight 317.76
03/15/00 51463 Maine Oxy-Acetylene Materials 149.74
03/15/00 51464 Bell Atlantic Utilities 51.54
03/15/00 51465 New Penn Motor Express Freight 85.40
03/15/00 51466 Raymond C. Gagne Maintenance 462.50
03/15/00 51467 Sun Life of Canada Employee Group Insurance 613.73
03/15/00 51468 Tracy's Express Freight 32.40
03/15/00 51469 UPS Freight 627.64
03/15/00 51470 Zurich Insurance Employee Group Insurance 67.25
03/15/00 51471 Paul Lacasse Travel Expense 40.00
03/15/00 51472 Paul Roy Travel Expense 3,067.32
03/15/00 51473 John Chantrill Travel Expense 97.21
03/15/00 51474 Robert Mowatt Travel Expense 1,500.00
03/15/00 51475 Ben Alpren Maintenance 225.14
03/15/00 51476 Auburn Manufacturing Co. Materials 812.00
03/15/00 51477 Auma Actuator Materials 1,632.00
03/15/00 51478 Bay Engineering Materials 550.00
03/15/00 51479 Bellevilee Wire & Cloth Materials 912.00
03/15/00 51480 Spiral Intl Materials 290.93
03/15/00 51481 D&G Machine Materials 200.00
03/15/00 51482 Don's Sheet Metal Materials 75.00
03/15/00 51483 Fraser Malloy Freight 71.99
03/15/00 51484 Ferguson Metal Materials 4,399.79
03/15/00 51485 Somatex Maintenance 2,027.27
03/15/00 51486 General Insulation Materials 1,074.00
03/15/00 51487 Gilman Supply Co. Materials 584.68
03/15/00 51488 Leen Co. Materials 849.57
03/15/00 51489 KL Jack Maintenance 500.00
03/15/00 51490 Lawrence Metal Materials 170.00
03/15/00 51491 Leen Co. Materials 2,924.33
03/15/00 51492 Lewiston Welding Maintenance 2,000.00
03/15/00 51493 Landstar Ligon Freight 22,519.20
03/15/00 51494 Elite inspection Materials 40.00
03/15/00 51495 Maine Valve & Fitting Materials 12,041.93
03/15/00 51496 Maine Valve & Fitting Materials 12,065.33
03/15/00 51497 Marmon Keystone Materials 1,073.64
03/15/00 51498 Quill Corporation Office Expense 478.65
03/15/00 51499 Radnor Alloys Materials 452.37
03/15/00 51500 Spectrum Auto Body Supply Materials 1,044.02
03/15/00 51501 Kaman Materials 1,081.32
03/15/00 51502 Thermodyne Materials 912.05
03/15/00 51503 Textiles Coated Materials 2,284.86
03/15/00 51504 Jos. T. Ryerson Materials 7,982.04
03/15/00 51505 Jos. T. Ryerson Materials 5,069.18
03/15/00 51506 Tioga Pipe Supply Materials 10,783.00
03/15/00 51507 Tioga Pipe Supply Materials 25,268.20
</TABLE>
<PAGE>
WEP, Inc.
Case #SA99-22775-JR
First National Bank
Disbursement Account
A/C#2000007620012
3/1/00 thru 3/31/00
<TABLE>
<CAPTION>
Check Check
Date Number Payee Purpose Amount
- ----------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
03/15/00 51508 Tri-State Packing Materials 440.85
03/15/00 51509 Aerodyne Unlbrich Alloys Materials 906.36
03/15/00 51510 John Powell Travel Expense 1,105.09
03/15/00 51511 Paul Roy Travel Expense 102.41
03/23/00 51512 Void Void -
03/16/00 51513 Michael Brousseau Travel Expense 225.00
03/16/00 51514 Michael Brousseau Travel Expense 114.97
03/16/00 51515 John Chantrill Travel Expense 1,800.00
03/30/00 51516 State of Maine Miscellaneous 60.00
03/23/00 51517 Void Void -
03/23/00 51518 Void Void -
03/23/00 51519 AT&T Utilities 5,121.94
03/23/00 51520 CMP Utilities 12,206.87
03/23/00 51521 Lewiston Postmaster Office Expense 500.00
03/23/00 51522 Northern Utilities Utilities 4,802.25
03/23/00 51523 Paul Roy Travel Expense 1,500.00
03/23/00 51524 Robert Mowatt Travel Expense 1,500.00
03/23/00 51525 Linda Landry Materials 575.00
03/23/00 51526 Robert Berube Travel Expense 3,000.00
03/23/00 51527 John Chantrill Travel Expense 1,178.25
03/23/00 51528 Anthony Towns Travel Expense 38.00
03/23/00 51529 Steven Dussault Office Expense 70.02
03/23/00 51530 Quill Office Expense 49.11
03/23/00 51531 Rahns Specialty Materials 260.60
03/23/00 51532 CW Hayden Materials 250.36
03/23/00 51533 Inpro Materials 577.84
03/23/00 51534 Alfa Laval Materials 14.83
03/23/00 51535 Sherwin Williams Materials 134.25
03/23/00 51536 American Steel Materials 1,336.40
03/23/00 51537 Bay Engineering Materials 1,547.00
03/23/00 51538 Carboline Materials 668.85
03/23/00 51539 CN Brown Maintenance 250.00
03/23/00 51540 D&G Machine Products Materials 1,500.00
03/23/00 51541 D&G Machine Products Materials 200.00
03/23/00 51542 D&G Machine Products Materials 400.00
03/23/00 51543 Daigraph Bradley of NE Materials 341.83
03/23/00 51544 Elastovalve Materials 600.75
03/23/00 51545 Fortier & Sons Locksmith Maintenance 51.76
03/23/00 51546 General Insulation Materials 1,721.69
03/23/00 51547 Industrial Heat Treatment Materials 575.00
03/23/00 51548 Industrial Heat Treatment Materials 575.00
03/23/00 51549 Thermo Electric Materials 1,997.00
03/23/00 51550 Limitorque Materials 52.53
03/23/00 51551 Elite Inspection Materials 20.00
03/23/00 51552 Denman & Davis Materials 5,920.58
03/23/00 51553 Reed Paper Office Expense 194.57
03/23/00 51554 Remote Controls Materials 3,336.00
03/23/00 51555 Remote Controls Materials 156.00
03/23/00 51556 Spillers Office Expense 63.90
03/23/00 51557 Textiles Coated Materials 740.00
03/23/00 51558 Jos. T. Ryerson Materials 4,662.36
03/23/00 51559 Tri-State Packing Materials 2,270.00
03/23/00 51560 Petty Cash Miscellaneous 284.08
03/28/00 51561 Void Void -
03/28/00 51562 Landstar Inway, Inc. Freight 2,229.68
03/30/00 51563 Alliant Metals Materials 1,518.88
03/30/00 51564 Ikon Office Expense 107.75
03/30/00 51565 American Steel Materials 859.03
03/30/00 51566 Avcog Office Expense 5,000.00
</TABLE>
<PAGE>
WEP, Inc.
Case #SA99-22775-JR
First National Bank
Disbursement Account
A/C#2000007620012
3/1/00 thru 3/31/00
<TABLE>
<CAPTION>
Check Check
Date Number Payee Purpose Amount
- ----------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
03/30/00 51567 APA Freight 61.65
03/30/00 51568 APA Freight 71.13
03/30/00 51569 APA Freight 378.90
03/30/00 51570 APA Freight 537.02
03/30/00 51571 APA Freight 123.63
03/30/00 51572 APA Freight 45.50
03/30/00 51573 Motion Industries Materials 2,154.32
03/30/00 51574 Northland Industrial Lease 858.93
03/30/00 51575 BSP Freight 85.28
03/30/00 51576 Southeast Automation Materials 917.30
03/30/00 51577 Fish/Richardson Office Expense 1,731.94
03/30/00 51578 CW Hayden Materials 163.48
03/30/00 51579 KI Jack Materials 318.44
03/30/00 51580 Lewiston Welding Materials 4,000.00
03/30/00 51581 Limitorque Materials 5,072.00
03/30/00 51582 Maine Expedite Freight 50.00
03/30/00 51583 Maine Expedite Freight 35.00
03/30/00 51584 Maine Expedite Freight 903.13
03/30/00 51585 Maine Expedite Freight 375.00
03/30/00 51586 Maine Expedite Freight 150.00
03/30/00 51587 Gelnrock Office Expense 79.08
03/30/00 51588 Manhattan Materials 45.00
03/30/00 51589 Bell Atlantic Utilities 338.41
03/30/00 51590 Bell Atlantic Utilities 103.09
03/30/00 51591 New penn Freight 85.40
03/30/00 51592 NE Doran Materials 1,868.00
03/30/00 51593 Roadway Freight 167.64
03/30/00 51594 Ross Express Freight 103.08
03/30/00 51595 Sverence Trucking Freight 155.11
03/30/00 51596 Ray Gagne Miscellaneous 462.50
03/30/00 51597 Steel Service Materials 739.94
03/30/00 51598 Textile Coated Materials 5,756.00
03/30/00 51599 Textile Coated Materials 5,400.00
03/30/00 51600 Tioga Materials 1,020.00
03/30/00 51601 Waste Mgt. Utilities 566.64
03/30/00 51602 United Way Office Expense 574.00
03/30/00 51603 Rose Control Materials 17,340.00
03/30/00 51604 Roger Poulin Travel Expense 847.15
03/30/00 51605 Robert Berube Travel Expense 55.89
03/30/00 51606 Kevin Bilodeau Travel Expense 493.00
03/30/00 51607 Mike Cianchette Travel Expense 116.43
03/30/00 51608 Zack Delahanty Travel Expense 493.00
03/30/00 51609 Maine Expedite Freight 700.00
----------
Sub-Total 457,336.68
==========
</TABLE>
<TABLE>
<S> <C> <C> <C>
03/24/00 Bank Debit WEP Tax Account Funds Transfer * 22,140.44
</TABLE>
* Footnote: Funds were received into this account in error. This transfer was
to correctly post the funds to the WEP Tax Account.
<TABLE>
<S> <C> <C> <C> <C>
51134 Void Void Previously Issued (86.76)
----------
Total 479,390.36
==========
</TABLE>
<PAGE>
CASE NAME: THERMATRIX INC. et al.
CASE NUMBER: SA99-22776JR, with SA99-22772, 22773, 22775, 22778
STATEMENT NO.: 3
RECEIPTS FOR THE PERIOD FROM: 1-Mar-00
TO: 31-Mar-00
------------
ACCT: WAHLCO ENGINEERED PRODUCTS, INC. PAYROLL AMOUNT
- --------------------------------------------------------------------------------
Transfers from Concentration Account 294,597.48
(see the attachment to the Thermatrix Concentration Account
Disbursements for detail)
Wire in from Mexicana De Cobre 9,650.40
(above amount should have went into the Concentration Account)
-----------
TOTAL $304,247.88
===========
<PAGE>
CASE NAME: THERMATRIX INC. et al.
CASE NUMBER: SA99-22776JR, with SA99-22772, 22773, 22775, 22778
STATEMENT NO.: 3
DISBURSEMENTS FOR THE PERIOD FROM: 1-Mar-00
TO: 31-Mar-00
ACCT: WAHLCO ENGINEERED PRODUCTS, INC. DISBURSEMENT
- --------------------------------------------------------------------------------
PAYEE DESCRIPTION AMOUNT CHECK NO. DATE
- --------------------------------------------------------------------------------
See attached WEP, Inc. Disbursements Account 479,390.36
-----------
TOTAL $479,390.36
===========
<PAGE>
CASE NAME: THERMATRIX INC. et al.
CASE NUMBER: SA99-22776JR, with SA99-22772, 22773, 22775, 22778
<TABLE>
<CAPTION>
STATEMENT NO.: 3
DISBURSEMENTS FOR THE PERIOD FROM: 1-Mar-00
TO: 31-Mar-00
ACCT: WAHLCO ENGINEERED PRODUCTS, INC. PAYROLL
- ------------------------------------------------------------------------------------------------------------------------------------
PAYEE DESCRIPTION AMOUNT CHECK NO. DATE
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Advantage Payroll Summaries Attached
Advantage Payroll Services Payroll Checks 29,078.25 03/02/00
Advantage Payroll Services Federal Payroll Taxes 10,530.02 03/02/00
Advantage Payroll Services State Payroll Taxes 3,263.64 03/02/00
Advantage Payroll Services Payroll Checks 63,505.94 03/08/00
Advantage Payroll Services Federal Payroll Taxes 24,161.04 03/08/00
Advantage Payroll Services State Payroll Taxes 7,027.93 03/08/00
Advantage Payroll Services Local Taxes 15.23 03/08/00
Advantage Payroll Services Payroll Checks 26,628.41 03/15/00
Advantage Payroll Services Federal Payroll Taxes 9,457.00 03/15/00
Advantage Payroll Services State Payroll Taxes 2,890.81 03/15/00
Advantage Payroll Services Federal Payroll Taxes 22,729.94 03/23/00
Advantage Payroll Services State Payroll Taxes 6,445.59 03/23/00
Advantage Payroll Services Payroll Checks 59,889.73 03/23/00
Advantage Payroll Services Federal Payroll Taxes 9,417.18 03/30/00
Advantage Payroll Services State Payroll Taxes 2,745.74 03/30/00
Advantage Payroll Services Payroll Checks 26,004.83 03/30/00
Advantage Payroll Services Payroll Service Fees 83.80 03/02/00
Advantage Payroll Services Payroll Service Fees 108.20 03/08/00
Advantage Payroll Services Payroll Service Fees 81.80 03/15/00
Advantage Payroll Services Payroll Service Fees 78.60 03/30/00
Advantage Payroll Services Payroll Service Fees 104.20 03/23/00
-----------
TOTAL $304,247.88
===========
</TABLE>
"See Attached Summary"
<PAGE>
CASE NAME: THERMATRIX INC. et al.
CASE NUMBER: SA99-22776JR, with SA99-22772, 22773, 22775, 22778
STATEMENT NO.: 3
RECEIPTS FOR THE PERIOD FROM: 1-Mar-00
TO: 31-Mar-00
------------
ACCT: WAHLCO ENGINEERED PRODUCTS, INC. TAX AMOUNT
- --------------------------------------------------------------------------------
Transfers from Concentration Account 16,698.37
(see the attachment to the Thermatrix Concentration Account
Disbursements for detail)
Transfer from WEP - Disbursement Account 3/24/00 22,140.44
(above amount was transferred from the Concentration Account
into the WEP - Disbursement Account inadvertently - should
have been transferred directly to the WEP - Tax Account)
TOTAL $38,838.81
==========
<PAGE>
CASE NAME: THERMATRIX INC. et al.
CASE NUMBER: SA99-22776JR, with SA99-22772, 22773, 22775, 22778
<TABLE>
<CAPTION>
STATEMENT NO.: 3
DISBURSEMENTS FOR THE PERIOD FROM: 1-Mar-00
TO: 31-Mar-00
ACCT: WAHLCO ENGINEERED PRODUCTS, INC. TAX
- -----------------------------------------------------------------------------------------------------
PAYEE DESCRIPTION AMOUNT CHECK NO. DATE
- -----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
First Union Bank Fees 38.57 Bank Debit 3/10/00
Treasurer, State of Maine February Sales Tax 133.79 1004 3/10/00
City of Lewiston Property tax 16,526.01 1005 3/10/00
VOID 1006
City of Lewiston Property tax 22,140.44 1007 3/13/00
TOTAL $38,838.81
==========
</TABLE>
<PAGE>
EXHIBIT 5.2
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
OFFICE OF THE UNITED STATES TRUSTEE
- ------------------------------------------------------------------------------------------------------------------------------------
IN RE: ) DEBTOR IN POSSESSION OPERATING REPORT
) -------------------------------------
)
Thermatrix Inc. ) REPORT NUMBER 4 Page 1 of 3
) FOR THE PERIOD FROM 1-Mar-00
DEBTOR ) TO: 31-Mar-00
- -----------------------------------------------------------------------------------------------------------------------------------
CHAPTER 11 CASE NO. SA99-22776-JR )
- ------------------------------------------------------------
<S> <C> <C> <C>
1. Profit and Loss Statement
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 Revenue (Specify)
---------------
Less: Operating Expenses SEE ATTACHED
Officer Compensation
---------------
Salaries & Wages - Other Employees
---------------
Total Salaries & Wages
---------------
Employee Benefits
---------------
Payroll Taxes
---------------
Real Estate Taxes
---------------
Federal and State Income Taxes
---------------
Total Taxes
===============
Rent and Lease Exp. (Real and Personal Property)
---------------
Interest Expense (Mortgage, Loan, etc.)
---------------
Insurance
---------------
Automobile Expense
---------------
Utilities (Gas, Electric, 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 Operations:
Legal and Professional Fees
---------------
Other Non-Operating Revenues (Specify)
---------------
Total Non-Operating Expenses
---------------
NET INCOME/(LOSS) FOR PERIOD
===============
- ------------------------------------------------------------------------------------------------------------------------------------
Revised April 1989 OPERATING REPORT UST-4
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Thermatrix Inc
Income Statement
3/1/00
Revenues 3/31/00
-------
APC & waste water 605,875
-------
605,875
Cost of revenue
Fringe benefits 28,795
Indirect labor/overhead 34,974
Direct labor-engr 89,809
Subcontractor 20,843
Direct materials 99,413
Direct travel 22,374
Other direct costs 1,684
WIP clearing account 42,714
Reserve clearing account -
Intercompany (19,479)
-------
321,129
Costs and expenses
Fringe benefits-R&D 3,484
Indirect lbr/ovhd - R&D 531
Direct labor - R&D 10,951
Subcontractors - R&D
Direct materials - R&D 325
Direct travel - R&D 50
Demo depreciation - R&D 911
Other direct costs - R&D -
WIP clearing account -R&D -
-------
Total R&D costs 16,253
Sales commissions
Selling expenses 8,822
Fringe benefits - B&P 4,199
Direct labor - B&P 12,884
Subcontractors - B&P
Other direct costs - B&P 118
Direct travel - B&P 457
-------
Total selling & B&P costs 26,480
General & administrative 174,407
-------
Total G&A costs 174,407
Total costs and expenses 217,139
-------
Gross profit from operations 67,607
<PAGE>
Other income
Interest income 2,322
Other income 25,039
-------
27,361
Other expenses
Interest expense 85,365
Other expense 0
-------
85,365
Net income before taxes 9,603
Income taxes
State income taxes -
-------
Net income after tax before
restructuring charges 9,603
Restructuring charges 413,189
Net income after
restructuring charges - note 1 (403,586)
Note 1 - This statement has not been adjusted to reflect the appropriate
allocation of corporate expenses (including restructuring charges).
Due to the 1999 financial results not being finalized by our independent
auditors the above data is subject to change.
Thermatrix Inc.
G & A Expense Detail
3/1/00 to
3/31/00
-----------
Utilities 45.14
G&A fringe alloc pool 1 21,684.15
Inter div alloc do1p7 (182,155.95)
Admin Salaries/wages 65,922.84
Inter pool alloc d10p7 -
Inter div alloc d10p7 182,155.95
Rent expense - G&A 6,341.65
Contract labr/temp help 12,836.31
<PAGE>
Dues & subscriptions 138.61
Publications -
Equip maint & repair 1,353.34
Depreciation exp -adm 2,603.43
Equipment rental 1,794.10
Facilities - G&A 2,534.01
Freight/delivery expense 746.40
Licences/Permits -
Postage 150.00
Recruitment/relocation -
Admin travel 7,156.04
Expensed equipment -
Computer software -
Professional fees 989.39
Professional fees -
Cash over/short -
Miscellaneous expense 785.39
Cash discounts taken (2.57)
Admin entertainment 1,218.69
Insurance - JTS disability -
Insurance - Keyman life -
Insurance - liability 17,767.53
Workers comp-wmflx & WAS 831.70
Patent exp amortization 8,689.56
Accounting fees 48,615.43
Padre tech amortization 8,185.64
Investor relations 395.15
Bank service charges 1,256.55
SEC expense 285.00
Stock administration -
Legal fees 3,248.00
Annual report 5,701.37
Goodwill amortization exp (46,866.00)
U.S. Trustee Fees -
Consulting fees -
ISO certification -
Taxes-other -
Expensed furniture & fix -
-----------
174,406.85
<PAGE>
- --------------------------------------------------------------------------------
DEBTOR IN POSSESSION OPERATING REPORT NO. 4
- --------------------------------------------------------------------------------
Thermatrix Inc., Debtor Case No. SA 99-22776-JR
Page 2 of 3
2. Aging of Accounts Payable and Receivable (exclude pre-petition debt from
accounts payable):
- -------------------------------------------------------------------
Accounts Payable Accounts Receivable
- -------------------------------------------------------------------
Current Under 30 days $248,219.42 $327,678.71
Overdue 31 - 60 days 34,946.25 116,162.82
Overdue 61 - 90 days - 20,107.00
Overdue 91 - 120 days - 9,367.68
Overdue 121 + days - 84,893.46
Total $283,165.67 $558,209.67
- -------------------------------------------------------------------
3. Statement of Status of Payments to Secured Creditors and Lessors:
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
Post-Petition
Frequency of Payments Not Made
Payments per Amount of -------------------
Creditor/Lessor Lease/Contract Each Payment Next Payment Due Number Amount
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C>
See attached for Statement of Status of Payments to Secured Creditors and Lessors.
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
4. Tax Liability:
Gross Payroll Expense For Period $ 210,996
Gross Sales for Period Subject to Sales Tax -
<TABLE>
<CAPTION>
-------------------------------------------------------------
Post Petition Taxes
Date Paid Amount Paid * Still Owing
-------------------------------------------------------------
<S> <C> <C> <C>
Federal Payroll and Withholding Taxes Various (see below **) $64,640.87 $ -
State Payroll and Withholding Taxes Various (see below **) 2,450.55 -
State Sales and Use Tax -
Real Property Taxes -
</TABLE>
* Attach photocopies of depository receipts from taxing authority or
financial institution to verify that such deposits or payments have
been made.
** State and federal payroll/withholding taxes are paid by a payroll
service provider
5. Insurance Coverage
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------
Carrier/ Amount of Policy Premium Paid
Agent Coverage Exp. Date Thru Date
-------------------------------------------------------------------------------
<S> <C>
Worker's Compensation
Liability
Fire and Extended Coverage See attached for Insurance Coverage
Property
Theft
Life (Beneficiary:________________)
Vehicle
Other
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
DEBTOR IN POSSESSION OPERATING REPORT NO. 4
- --------------------------------------------------------------------------------
Thermatrix Inc., Debtor Case No. SA 99-22776-JR
Page 3 of 3
6. Questions:
A. Has the Trustee provided to any officers, directors, shareholders, or
other principals compensation without the approval of the Office of the
United States Trustee?
_____ : Yes Explain:
__X__ : No
B. Has the Trustee, subsequent to the filing of 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 Only):
<TABLE>
<CAPTION>
--------------------------------------------------------------------------
Type Post-Petition
Name of Professional Professional Unpaid Total
--------------------------------------------------------------------------
<S> <C> <C> <C>
PriceWaterhouseCoopers Consulting $381,630.00
McDermott, Will & Emery Legal 381,062.87
Snell & Wilmer - Creditors Counsel Legal 78,897.94
Grant Thornton Accounting 97,985.40
Berger & Associates Consulting 51,341.68 - estimated
--------------------------------------------------------------------------
</TABLE>
8. Narrative Report of Significant Events And Events Out Of The Ordinary Course
Of Business:
9. Quarterly Fees: (This Fee must be paid to the United States Trustee every
calendar quarter)
<TABLE>
<CAPTION>
Quarterly
Quarterly Disbursements Quarterly Quarterly
Period Ending for Quarter Fee Date Paid Amount Paid Check No. Fee Still Owing
- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
3/31/00 $1,350,683 $5,000.00 $5,000.00
- -----------------------------------------------------------------------------------------------------------------------
</TABLE>
I, Daniel Tedone, President, declare under penalty of perjury that the
information contained in the above Debtor in Possession Operating Report, which
is subject to further review and verification, is true and complete to the best
of my knowledge.
Dated: 4/17/00 Signed: /s/ Daniel S. Tedone
------- --------------------
<PAGE>
- --------------------------------------------------------------------------------
DEBTOR IN POSSESSION OPERATING REPORT NO. 4
- --------------------------------------------------------------------------------
Thermatrix Inc., Debtor Case No. SA 99-22776-JR
3. Statement of Status of Payments to Secured Creditors and Lessors:
<TABLE>
<CAPTION>
Post-Petition
Frequency of Payments Not Made
Payments per Amount of -----------------
Creditor/Lessor Lease/Contract Each Payment Next Payment Due Number Amount
- --------------------------------------------------------------------------------------------------------------
Wexford Management Payments have been suspended due to Chapter 11 filing
<S> <C> <C> <C> <C> <C>
GE Capital (Mita Financial) Monthly $ 1,450.00 4/23/00 $ -
Neopost Quarterly 178.45 6/18/00 -
Advantage Place/Wood Properties Monthly 19,385.00 5/1/00 -
Cedar Bluff Self-Storage Monthly 180.00 5/1/00 -
Climetrics Research Monthly 11,718.00 5/1/00 -
IOS Capital Monthly 538.90 3 1,616.70
Scottish Amicable Life Assurance Quarterly 8636.25 sterling researching -
- --------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
EXHIBIT 5.3
- ------------------------------------------------------------------------------------------------------------------------------------
OFFICE OF THE UNITED STATES TRUSTEE
- ------------------------------------------------------------------------------------------------------------------------------------
IN RE: ) DEBTOR IN POSSESSION OPERATING REPORT
)
Wahlco, Inc. ) REPORT NUMBER 4 Page 1 of 3
) FOR THE PERIOD FROM 1-Mar-00
DEBTOR ) TO: 31-Mar-00
)-------------------------------------------------------------------
- --------------------------------------------------------------
CHAPTER 11 CASE NO. SA99-22772-JR )
- --------------------------------------------------------------
<S> <C> <C> <C>
1. Profit and Loss Statement
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 Revenue (Specify)
---------------
Less: Operating Expenses SEE ATTACHED
Officer Compensation
----------------
Salaries & Wages - Other Employees
----------------
Total Salaries & Wages
----------------
Employee Benefits
----------------
Payroll Taxes
----------------
Real Estate Taxes
----------------
Federal and State Income Taxes
----------------
Total Taxes
----------------
Rent and Lease Exp. (Real and Personal Property)
----------------
Interest Expense (Mortgage, Loan, etc.)
----------------
Insurance
----------------
Automobile Expense
----------------
Utilities (Gas, Electric, 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 Operations:
Legal and Professional Fees
----------------
Other Non-Operating Revenues (Specify)
----------------
Total Non-Operating Expenses
----------------
NET INCOME /(LOSS) FOR PERIOD
================
- ------------------------------------------------------------------------------------------------------------------------------------
Revised April 1989 OPERATING REPORT UST-4
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Wahlco, Inc.
Income Statement
3/01/00 to
3/31/00 **
- ------------------------------------------------------------------
Revenue
Contract Revenue - FGC 900,136
Contract Revenue - DeNox/U2A 19,080
Contract Revenue - HTC 276,401
Test Service Fees 10,000
FGC Service Contracts -
- ------------------------------------------------------------------
Total Revenue 1,205,617
- ------------------------------------------------------------------
Cost of Revenue
Cost Of Contract Revenue - FGC 581,512
Cost Of Contract Revenue - DeNox/U2A 14,514
Cost Of Contract Revenue - HTC 88,007
Cost Of Test Service Fees 15,001
Cost Of FGC Service Contracts 8,345
Applied Overhead - FGC -
Warranty -
- ------------------------------------------------------------------
Total Cost of Revenue 707,379
- ------------------------------------------------------------------
- ------------------------------------------------------------------
Gross Margin 498,238
- ------------------------------------------------------------------
- ------------------------------------------------------------------
Gross Margin Percent 41.33%
- ------------------------------------------------------------------
Selling General and Administrative Expenses
Salaries & Wages 133,897
Payroll Taxes 19,884
Employee Benefits 17,774
Interco-Salary Allocation -
Sales Commission Expense 34,801
Rent 18,724
Repairs & Maintenance 34,406
Telephone 1,087
Utilities 6,165
Taxes & Licenses 6,313
General Insurance -
Depreciation 6,089
Bank Charges/Security/Contributions 8,793
Supplies 11,927
Reproduction & Copying 462
Equipment Rental 855
Small Tools 959
Postage 452
Dues & Subscriptions (51)
<PAGE>
Freight (656)
Sales Promotion -
Advertising -
Business Meetings & Conferences 65
Trade Shows -
Business Promotion -
Travel/Auto/Lodging 6,870
Meals & Entertainment 842
Legal -
Total Sales Promotion (15)
Audit & Accounting Services 100
Computer Services 5,597
Temporary Services 14,878
Management Fees -
Other Consultant Fees 20,686
Loss on Commission Advance -
Overhead Applied - Engr Dept (56,721)
Overhead Applied - Manuf Dept (109,741)
Overhead Applied - Field Dept (14,272)
Overhead Applied - Q.C. Dept -
Overhead Applied - Contracts -
Other Income & Expense -
Interest And Dividend Income -
Research And Development -
Bad Debt Expense -
Gain Or Loss On Sale Of Assets -
Other 6,297
- ------------------------------------------------------------------
Total Selling, General & Administrative Expenses 176,467
- ------------------------------------------------------------------
- ------------------------------------------------------------------
Operating Income (Loss) 321,771
- ------------------------------------------------------------------
Other (Income) Expenses
Interest Expense 511
Amortization - Intangibles 9,167
- ------------------------------------------------------------------
Total Other (Income)Expenses 9,678
- ------------------------------------------------------------------
Income Taxes
------------
Income Taxes -
Tax Provision - Current -
Tax Provision - Deferred -
Federal Tax Provision - Deferred -
Total Income Taxes -
- ------------------------------------------------------------------
Net Income (Loss) - note 1 312,093
- ------------------------------------------------------------------
Note 1 - This statement has not been adjusted to reflect the appropriate
allocation of
<PAGE>
corporate expenses (including restructuring charges).
Due to the 1999 financial results not being finalized by our independent
auditors the above data is subject to change.
<PAGE>
- --------------------------------------------------------------------------------
DEBTOR IN POSSESSION OPERATING REPORT NO. 4
- --------------------------------------------------------------------------------
Wahlco, Inc., Debtor Case No. SA99-22772-JR
Page 2 of 3
2. Aging of Accounts Payable and Receivable (exclude pre-petition debt from
accounts payable):
<TABLE>
<CAPTION>
-------------------------------------------
Accounts Payable Accounts Receivable
-------------------------------------------
<S> <C> <C> <C>
Current Under 30 days $347,775.78 $ 553,041.24
Overdue 31 - 60 days 366,239.34 1,285,224.70
Overdue 61 - 90 days 298.60 790,885.23
Overdue 91 - 120 days - 657,275.51
Overdue 121 + days - 335,001.55
Total $714,313.72 $3,621,428.23
-------------------------------------------
</TABLE>
3. Statement of Status of Payments to Secured Creditors and Lessors:
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------
Post-Petition
Frequency of Payments Not Made
Payments per Amount of ---------------------
Creditor/Lessor Lease/Contract Each Payment Next Payment Due Number Amount
- ----------------------------------------------------------------------------------------------------------------
Wexford Management Payments have been suspended due to Chapter 11 filing
<S> <C> <C> <C> <C> <C>
Hewlett Packard Monthly $ 2,680.00 4/1/00 2 $5,360.00
South County Prop Monthly 48,724.00 4/1/00 0
Xerox Corp Monthly 442.00 4/1/00 2 884.00
Xerox Corp Monthly 352.00 4/1/00 1 352.00
Xerox Corp Monthly 991.00 4/1/00 3 2,973.00
Xerox Corp Monthly 92.50 4/1/00 2 185.00
- ----------------------------------------------------------------------------------------------------------------
</TABLE>
4. Tax Liability:
Gross Payroll Expense For Period 292,349
Gross Sales for Period Subject to Sales Tax 1,600 estimated
<TABLE>
<CAPTION>
----------------------------------------------------------------------------
Post Petition Taxes
Date Paid Amount Paid * Still Owing
----------------------------------------------------------------------------
<S> <C> <C> <C>
Federal Payroll and Withholding Taxes various (see below **) $86,492.80 $ -
State Payroll and Withholding Taxes various (see below **) 14,110.10 -
State Sales and Use Tax 500 estimated
Real Property Taxes -
-----------------------------------------------------------------------------
</TABLE>
* Attach photocopies of depository receipts from taxing authority or
financial institution to verify that such deposits or payments have
been made.
** State and federal payroll/withholding taxes are paid by a payroll
service provider. At the end of the month we accrue for payroll which
has not yet been paid. This accrual is included as part of the above
gross payroll expense total. We do not show any post petition taxes
still owing on these accruals as the taxes will not be due until the
payroll is actually paid. This accrued payroll was dated and paid on
4/12/00
5. Insurance Coverage
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------
Carrier/ Amount of Policy Premium Paid
Agent Coverage Exp. Date Thru Date
-------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Worker's Compensation
Liability See attached for Insurance Coverage
Fire and Extended Coverage
Property
Theft
Life (Beneficiary:________________)
Vehicle
Other
-------------------------------------------------------------------------------------
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
DEBTOR IN POSSESSION OPERATING REPORT NO. 4
- --------------------------------------------------------------------------------
Wahlco, Inc., Debtor Case No. SA99-22772-JR
Page 3 of 3
6. Questions:
A. Has the Trustee provided to any officers, directors, shareholders, or
other principals compensation without the approval of the Office of the
United States Trustee?
_____ : Yes Explain:
_____________________________________________
__X__ : No
B. Has the Trustee, subsequent to the filing of 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 Only):
------------------------------------------------------------
Type Post-Petition
Name of Professional Professional Unpaid Total
------------------------------------------------------------
See the Thermatrix Inc. report for detail
------------------------------------------------------------
8. Narrative Report of Significant Events And Events Out Of The Ordinary Course
Of Business:
9. Quarterly Fees: (This Fee must be paid to the United States Trustee every
calendar quarter)
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------------
Quarterly
Quarterly Disbursements Quarterly Quarterly
Period Ending for Quarter Fee Date Paid Amount Paid Check No. Fee Still Owing
- -------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
3/31/00 $2,309,553.00 $7,500.00 $7,500.00
- -------------------------------------------------------------------------------------------------------
</TABLE>
I, Daniel Tedone, President, declare under penalty of perjury that the
information contained in the above Debtor in Possession Operating Report, which
is subject to further review and verification, is true and complete to the best
of my knowledge.
Dated: 4/17/00 Signed: /s/ Daniel S. Tedone
------- --------------------
<PAGE>
<TABLE>
<CAPTION>
EXHIBIT 5.4
- -----------------------------------------------------------------------------------------------------------------------------------
OFFICE OF THE UNITED STATES TRUSTEE
- -----------------------------------------------------------------------------------------------------------------------------------
IN RE: ) DEBTOR IN POSSESSION OPERATING REPORT
) -------------------------------------
Wahlco Engineered Products, Inc. ) REPORT NUMBER 4 Page 1 of 3
) FOR THE PERIOD FROM: 1-Mar-00
DEBTOR ) TO: 31-Mar-00
)------------------------------------------------------------------------
- ---------------------------------------------------------
CHAPTER 11 CASE NO. SA99-22775-JR )
- ---------------------------------------------------------
<S> <C> <C> <C>
1. Profit and Loss Statement
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 Revenue (Specify)
---------------
Less: Operating Expenses SEE ATTACHED
Officer Compensation
---------------
Salaries & Wages - Other Employees
---------------
Total Salaries & Wages
---------------
Employee Benefits
---------------
Payroll Taxes
---------------
Real Estate Taxes
---------------
Federal and State Income Taxes
---------------
Total Taxes
---------------
Rent and Lease Exp. (Real and Personal Property)
---------------
Interest Expense (Mortgage, Loan, etc.)
---------------
Insurance
---------------
Automobile Expense
---------------
Utilities (Gas, Electric, 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 Operations:
Legal and Professional Fees
---------------
Other Non-Operating Revenues (Specify)
---------------
Total Non-Operating Expenses
---------------
NET INCOME /(LOSS) FOR PERIOD
===============
- -----------------------------------------------------------------------------------------------------------------------------------
Revised April 1989 OPERATING REPORT UST-4
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Wahlco Engineered Products, Inc.
Income Statement
03/01/00 to
Revenue 3/31/00
------------
Fabric expansion joint 17,540.00
Metal expansion joint 58,941.00
Dampers 165,042.00
Field service 34,163.10
Spare parts 54,908.00
Diverter-Gas Turbine Group 53,752.58
Skid mounted assemblies 142,953.00
Other 40,453.00
------------
Total trade sales 567,752.68
Revenue recognized percent
complete contract 459,232.61
Intercompany-Wahlco Air Syst. -
Intercompany-Thermatrix 3,785.98
------------
Total intercompany sales 3,785.98
Total sales 1,030,771.27
Cost of goods sold
Fabric expansion joint 8,663.82
Metal expansion joint 51,963.84
Dampers 112,727.35
Field service 19,153.53
Spare parts 42,526.36
Dampers gas turbine -
TMXI products 3,785.98
Wahlco Air products -
Diverter Gas Turbine 27,602.21
Skid mounted assembly 116,698.97
Other 41,542.32
------------
424,664.38
Percent complete contracts 411,355.45
------------
Gross Profit 194,751.44
Other direct costs
Unabsorbed factory overhead (17,021.69)
Unabsorbed engineering 7,281.23
Unabsorbed field service 5,231.00
<PAGE>
Unabsorbed project management 10,549.90
Safety department 4,040.41
Purchasing department 11,729.51
Freight-out 3,620.45
Freight-in 5,642.61
Inventory adjustment 3,913.19
Job purchases-non item-master (308.05)
------------
Total other direct costs 34,678.56
Adjusted gross profit 160,072.88
Selling, general & administrative expenses
Administrative expense 39,620.88
Sales expense 47,841.31
Sales commission 19,128.34
------------
Total S,G&A 106,590.53
Operating income 53,482.35
Other (income)/expense
Interest income -
Interest expense - WES -
Depreciation expense 14,136.82
Other income/expense -
------------
Total other income/expense 14,136.82
Net income/(loss) - note 1 39,345.53
Note 1 - This statement has not been adjusted to reflect the appropriate
allocation of corporate expenses and restructuring charges.
Due to the 1999 financial results not being finalized by our independent
auditors the above data is subject to change.
<PAGE>
- --------------------------------------------------------------------------------
DEBTOR IN POSSESSION OPERATING REPORT NO. 4
- --------------------------------------------------------------------------------
Wahlco Engineered Products, Inc., Debtor Case No. SA99-22775JR
Page 2 of 3
2. Aging of Accounts Payable and Receivable (exclude pre-petition debt from
accounts payable):
-----------------------------------------
Accounts Payable * Accounts Receivable
-----------------------------------------
Current Under 30 days $ 85,031.37 $ 442,902.69
Overdue 31 - 60 days 59,849.87 419,321.01
Overdue 61 - 90 days - 380.00
Overdue 91 - 120 days - 190,545.92
Overdue 121 + days - 252,815.00
Total $144,881.24 $1,305,964.62
-----------------------------------------
* We are researching the pre/post petition status of certain accounts
payable which resolution may result in a change to the above data
3. Statement of Status of Payments to Secured Creditors and Lessors:
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------------
Frequency of Post-Petition
Payments per Amount of Payments Not Made
Creditor/Lessor Lease/Contract Each Payment Next Payment Due Number Amount
- ---------------------------------------------------------------------------------------------------------
Wexford Management Payments have been suspended due to Chapter 11 filing
<S> <C> <C> <C> <C> <C>
AscomHalfler Quarterly $ 90.00 5/19/00 - $ -
Caterpillar Fin Svc Monthly 431.00 4/15/00 - -
Conseco Monthly 224.50 4/28/00 2 449.00
Conseco Monthly 398.00 4/29/00 2 796.00
Great American Leasing Monthly 63.69 4/12/00 - -
Conseco Monthly 470.92 4/8/00 - -
- ---------------------------------------------------------------------------------------------------------
</TABLE>
4. Tax Liability:
Gross Payroll Expense For Period 251,827.87
Gross Sales for Period Subject to Sales Tax -
<TABLE>
<CAPTION>
----------------------------------------------------------------------
Post Petition Taxes
Date Paid Amount Paid * Still Owing
----------------------------------------------------------------------
<S> <C> <C> <C>
Federal Payroll and Withholding Taxes Various (see below **) $ 76,295.18 $ -
State Payroll and Withholding Taxes Various (see below **) 22,373.71 -
State Sales and Use Tax 3/10/00 133.79 124.85
Real Property Taxes 3/10, 3/23 38,666.45 -
----------------------------------------------------------------------
</TABLE>
* Attach photocopies of depository receipts from taxing authority or
financial institution to verify that such deposits or payments have
been made.
** State and federal payroll/withholding taxes are paid by a payroll
service provider. At the end of the month we accrue for payroll
which has not yet been paid. This accrual is included as part of the
above gross payroll expense total. We do not show any post petition
taxes still owing on these accruals as the taxes will not be due
until the payroll is actually paid. This accrued payroll was dated
and paid on 4/5/00.
5. Insurance Coverage
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------
Carrier/ Amount of Policy Premium Paid
Agent Coverage Exp. Date Thru Date
-----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Worker's Compensation
Liability See attached for Insurance Coverage
Fire and Extended Coverage
Property
Theft
Life (Beneficiary:________________)
Vehicle
Other
-----------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
DEBTOR IN POSSESSION OPERATING REPORT NO. 4
- --------------------------------------------------------------------------------
Wahlco Engineered Products, Inc., Debtor Case No. SA99-22775JR
Page 3 of 3
6. Questions:
A. Has the Trustee provided to any officers, directors, shareholders, or
other principals compensation without the approval of the Office of the
United States Trustee?
_____ : Yes Explain:
______________________________________________
__X__ : No
B. Has the Trustee, subsequent to the filing of 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 Only):
---------------------------------------------------------
Type Post-Petition
Name of Professional Professional Unpaid Total
---------------------------------------------------------
See the Thermatrix Inc. report for detail
---------------------------------------------------------
8. Narrative Report of Significant Events And Events Out Of The Ordinary Course
Of Business:
9. Quarterly Fees: (This Fee must be paid to the United States Trustee every
calendar quarter)
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------
Quarterly
Quarterly Disbursements Quarterly Quarterly
Period Ending for Quarter Fee Date Paid Amount Paid Check No. Fee Still Owing
- ------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
3/31/00 $2,299,270.00 $7,500.00 $7,500.00
- ------------------------------------------------------------------------------------------------------
</TABLE>
I, Daniel Tedone, President, declare under penalty of perjury that the
information contained in the above Debtor in Possession Operating Report, which
is subject to further review and verification, is true and complete to the best
of my knowledge.
Dated: 4/17/00 Signed: /s/ Daniel S. Tedone
------- --------------------
<PAGE>
<TABLE>
<CAPTION>
EXHIBIT 5.5
- ------------------------------------------------------------------------------------------------------------------------------------
OFFICE OF THE UNITED STATES TRUSTEE
- ------------------------------------------------------------------------------------------------------------------------------------
IN RE: ) DEBTOR IN POSSESSION OPERATING REPORT
)
Bachmann Companies, Inc. ) REPORT NUMBER 4 Page 1 of 3
) FOR THE PERIOD FROM: 1-Mar-00
DEBTOR ) TO: 31-Mar-00
)----------------------------------------------------------------------
- ------------------------------------------------------------
CHAPTER 11 CASE NO. SA99-22778-JR )
- ------------------------------------------------------------
<S> <C> <C> <C>
1. Profit and Loss Statement
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 Revenue (Specify)
---------------
Less: Operating Expenses THE DEBTOR IS A NON-OPERATING COMPANY
Officer Compensation
---------------
Salaries & Wages - Other Employees
---------------
Total Salaries & Wages
---------------
Employee Benefits
---------------
Payroll Taxes
---------------
Real Estate Taxes
---------------
Federal and State Income Taxes
---------------
Total Taxes
Rent and Lease Exp. (Real and Personal Property)
---------------
Interest Expense (Mortgage, Loan, etc.)
---------------
Insurance
---------------
Automobile Expense
---------------
Utilities (Gas, Electric, 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 Operations:
Legal and Professional Fees
---------------
Other Non-Operating Revenues (Specify)
---------------
Total Non-Operating Expenses
---------------
NET INCOME /(LOSS) FOR PERIOD
===============
- -----------------------------------------------------------------------------------------------------------------------------------
Revised April 1989 OPERATING REPORT UST-4
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
DEBTOR IN POSSESSION OPERATING REPORT NO. 4
- --------------------------------------------------------------------------------
Page 2 of 3
2. Aging of Accounts Payable and Receivable (exclude pre-petition debt from
accounts payable):
-------------------------------------
Accounts Payable Accounts Receivable
-------------------------------------
Current Under 30 days $0 $0
Overdue 31 - 60 days $0 $0
Overdue 61 - 90 days $0 $0
Overdue 91 - 120 days $0 $0
Overdue 121 + days $0 $0
Total $0 $0
-------------------------------------
3. Statement of Status of Payments to Secured Creditors and Lessors:
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------
Frequency of Post-Petition
Payments per Amount of Payments Not Made
Creditor/Lessor Lease/Contract Each Payment Next Payment Due Number Amount
- -------------------------------------------------------------------------------------------------
Wexford Management, LLC Payments have been suspended due to the Chapter 11 filing
<S> <C> <C> <C> <C> <C>
- -------------------------------------------------------------------------------------------------
</TABLE>
4. Tax Liability:
Gross Payroll Expense For Period $0
Gross Sales for Period Subject to Sales Tax $0
<TABLE>
<CAPTION>
-------------------------------------------------
Post Petition Taxes
Date Paid Amount Paid * Still Owing
-------------------------------------------------
<S> <C> <C> <C>
Federal Payroll and Withholding Taxes $0
State Payroll and Withholding Taxes $0
State Sales and Use Tax $0
Real Property Taxes
-------------------------------------------------
</TABLE>
* Attach photocopies of depository receipts from taxing authority or financial
institution to verify that such deposits or payments have been made.
5. Insurance Coverage
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------
Carrier/ Amount of Policy Premium Paid
Agent Coverage Exp. Date Thru Date
-------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Worker's Compensation
Liability
Fire and Extended Coverage See attached for Insurance Coverage
Property
Theft
Life (Beneficiary:________________)
Vehicle
Other
------------------------------------------------------------------------------------
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
DEBTOR IN POSSESSION OPERATING REPORT NO. 4
- --------------------------------------------------------------------------------
Page 3 of 3
6. Questions:
A. Has the Trustee provided to any officers, directors, shareholders, or
other principals compensation without the approval of the Office of the
United States Trustee?
_____ : Yes Explain:_______________________________________________
__X__ : No
B. Has the Trustee, subsequent to the filing of 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 Only):
------------------------------------------------------------
Type Post-Petition
Name of Professional Professional Unpaid Total
------------------------------------------------------------
See the Thermatrix Inc. report for detail
------------------------------------------------------------
8. Narrative Report of Significant Events And Events Out Of The Ordinary Course
Of Business:
9. Quarterly Fees: (This Fee must be paid to the United States Trustee every
calendar quarter)
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------
Quarterly
Quarterly Disbursements Quarterly Quarterly
Period Ending for Quarter Fee Date Paid Amount Paid Check No. Fee Still Owing
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
3/31/00 $0.00 $250.00 $250.00
- --------------------------------------------------------------------------------------------------------------------
</TABLE>
I, Daniel Tedone, President, declare under penalty of perjury that the
information contained in the above Debtor in Possession Operating Report, which
is subject to further review and verification, is true and complete to the best
of my knowledge.
Dated: 4/17/00 Signed: /s/ Daniel S. Tedone
------- --------------------
<PAGE>
<TABLE>
<CAPTION>
EXHIBIT 5.6
- ------------------------------------------------------------------------------------------------------------------------------------
OFFICE OF THE UNITED STATES TRUSTEE
- ------------------------------------------------------------------------------------------------------------------------------------
IN RE: ) DEBTOR IN POSSESSION OPERATING REPORT
) -------------------------------------
Wahlco Environmental Systems, Inc. ) REPORT NUMBER 4 Page 1 of 3
) FOR THE PERIOD FROM: 1-Mar-00
DEBTOR ) TO: 31-Mar-00
) -------------------------------------------------------------------
- --------------------------------------------------------------
CHAPTER 11 CASE NO. SA99-22773-JR )
- --------------------------------------------------------------
<S> <C> <C> <C>
1. Profit and Loss Statement
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 Revenue (Specify)
-------------------
Less: Operating Expenses THE DEBTOR IS A NON-OPERATING COMPANY
Officer Compensation
-------------------
Salaries & Wages - Other Employees
-------------------
Total Salaries & Wages
-------------------
Employee Benefits
-------------------
Payroll Taxes
-------------------
Real Estate Taxes
-------------------
Federal and State Income Taxes
-------------------
Total Taxes
-------------------
Rent and Lease Exp. (Real and Personal Property)
-------------------
Interest Expense (Mortgage, Loan, etc.)
-------------------
Insurance
-------------------
Automobile Expense
-------------------
Utilities (Gas, Electric, 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 Operations:
Legal and Professional Fees
-------------------
Other Non-Operating Revenues (Specify)
-------------------
Total Non-Operating Expenses
-------------------
NET INCOME /(LOSS) FOR PERIOD
===================
- ------------------------------------------------------------------------------------------------------------------------------------
Revised April 1989 OPERATING REPORT UST-4
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
DEBTOR IN POSSESSION OPERATING REPORT NO. 4
- --------------------------------------------------------------------------------
Page 2 of 3
2. Aging of Accounts Payable and Receivable (exclude pre-petition debt from
accounts payable):
-------------------------------------
Accounts Payable Accounts Receivable
-------------------------------------
Current Under 30 days $0 $0
Overdue 31 - 60 days $0 $0
Overdue 61 - 90 days $0 $0
Overdue 91 - 120 days $0 $0
Overdue 121 + days $0 $0
Total $0 $0
-------------------------------------
3. Statement of Status of Payments to Secured Creditors and Lessors:
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------
Frequency of Post-Petition
Payments per Amount of Payments Not Made
Creditor/Lessor Lease/Contract Each Payment Next Payment Due Number Amount
- ------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Wexford Management LLC Payments have been suspended due to Chapter 11 filing
- ------------------------------------------------------------------------------------------------
</TABLE>
4. Tax Liability:
Gross Payroll Expense For Period $0
Gross Sales for Period Subject to Sales Tax $0
<TABLE>
<CAPTION>
------------------------------------------------
Post Petition Taxes
Date Paid Amount Paid * Still Owing
------------------------------------------------
<S> <C> <C> <C>
Federal Payroll and Withholding Taxes $0
State Payroll and Withholding Taxes $0
State Sales and Use Tax $0
Real Property Taxes
------------------------------------------------
</TABLE>
* Attach photocopies of depository receipts from taxing authority or
financial institution to verify that such deposits or payments have
been made.
5. Insurance Coverage
<TABLE>
<CAPTION>
------------------------------------------------------------------------------
Carrier/ Amount of Policy Premium Paid
Agent Coverage Exp. Date Thru Date
------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Worker's Compensation
Liability
Fire and Extended Coverage
Property See attached for Insurance Coverage
Theft
Life (Beneficiary:________________)
Vehicle
Other
------------------------------------------------------------------------------
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
DEBTOR IN POSSESSION OPERATING REPORT NO. 4
- --------------------------------------------------------------------------------
Page 3 of 3
6. Questions:
A. Has the Trustee provided to any officers, directors, shareholders, or
other principals compensation without the approval of the Office of the
United States Trustee?
_____ : Yes Explain:________________________________________________
__X__ : No
B. Has the Trustee, subsequent to the filing of 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 Only):
---------------------------------------------------------
Type Post-Petition
Name of Professional Professional Unpaid Total
---------------------------------------------------------
See the Thermatrix Inc. report for detail
---------------------------------------------------------
8. Narrative Report of Significant Events And Events Out Of The Ordinary Course
Of Business:
9. Quarterly Fees: (This Fee must be paid to the United States Trustee every
calendar quarter)
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------
Quarterly
Quarterly Disbursements Quarterly Quarterly
Period Ending for Quarter Fee Date Paid Amount Paid Check No. Fee Still Owing
- ----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
3/31/00 $0.00 $250.00 $250.00
- ----------------------------------------------------------------------------------------------------------
</TABLE>
I, Daniel Tedone, President, declare under penalty of perjury that the
information contained in the above Debtor in Possession Operating Report, which
is subject to further review and verification, is true and complete to the best
of my knowledge.
Dated: 4/17/00 Signed: /s/ Daniel S. Tedone
------- --------------------
<PAGE>
SCHEDULE OF INSURANCE
INSURED: THERMATRIX INC. ET AL AGENT: POLK & SULLIVAN GROUP, INC.
<TABLE>
<CAPTION>
PREMIUM PAID
COVERAGE LIMITS TERM EXPIRES COMPANY POLICY NUMBER PREMIUM REMARKS THRU DATE
- ---------------------- ----------- ---- ------- ------------------------ -------------- --------- ------- ------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Property-US Various One 6/1/00 Travelers 630-337K-8969 $ 14,128 A
Ocean Cargo $ 2,000,000 One 6/1/00 Kemper Ins. Co. 30T265097-00 $ 5,000 Deposit A
Crime/Fiduciary $ 1,000,000 One 3/1/01 Federal Insurance Co. 8158-47-13 $ 8,800 3/01/01(A)
Automobile $ 1,000,000 One 3/1/01 Commerce & Industry CA7665877RA $ 5,945 3/01/01(A)
General Liability $ 1M/2M/2M One 3/1/01 Commerce & Industry GL3409679RA $136,920 3/01/01(A)
COPS $ 5,000,000 One 3/1/01 A1 Specialty Lines COPS 267-50-47 $ 35,010 3/01/01(A)
Aircraft Prod. Liab. $ 5,000,000 One 3/1/01 Assoc. Aviation Und. APG 109837 $ 4,000 3/01/01(A)
Foreign GL/Auto $ 1M/2M/1M One 3/1/01 Ins. Co. of State of PA 80-0264325 $ 45,000 3/01/01(A)
Foreign WC $ 1,000,000 One 3/1/01 Ins. Co. of State of PA 83-46888 $ 2,963 3/01/01(A)
Directors/Officers $ 4,000,000 One 6/19/02 National Union (AIG) 858-83-09 $167,025 3 Year A
Excess D&O $ 3M X $4M One 6/19/02 Zurich-American DOC360899900 $ 82,875 3 Year A
WC (All Other) $ 1M/1M/1M One 3/1/01 Travelers YHUB337K862000 $103,787 3/01/01(A)
WC (CA Only) $ 1M/1M/1M One 3/1/01 Travelers YUB337K863200 $ 39,990 3/01/01(A)
Umbrella $10,000,000 One 3/1/01 Commerce & Industry BE5051709RA $ 59,976 3/01/01(A)
$711,419
</TABLE>
A--These premiums, in addition to premiums on policies already expired, were
financed. The financing required a down payment along with monthly payments
that decrease as policies expire. The payments are current.
