EXHIBIT 99.6
MONTHLY OPERATING REPORT
CASE NAME: OK TURBINES, INC. ACCRUAL BASIS
CASE NUMBER: 400-42146-BJH-11 02/13/95, RWD, 2/96
JUDGE: BARBARA J. HOUSER
UNITED STATES BANKRUPTCY COURT
NORTHERN DISTRICT OF TEXAS
SIXTH DIVISION
MONTHLY OPERATING REPORT
MONTH ENDING: SEPTEMBER 30, 2000
IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE
UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING
REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-7) AND THE ACCOMPANYING
ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT
AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY): IS
BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE.
RESPONSIBLE PARTY:
/s/ DREW KEITH CFO
--------------------------------------- -------------------------------------
ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE
Drew Keith 10/20/00
--------------------------------------- -------------------------------------
PRINTED NAME OF RESPONSIBLE PARTY DATE
PREPARER:
/s/ JESSICA L. WILSON Chief Accounting Officer
--------------------------------------- -------------------------------------
ORIGINAL SIGNATURE OF PREPARER TITLE
Jessica L. Wilson 10/20/00
--------------------------------------- -------------------------------------
PRINTED NAME OF PREPARER DATE
<PAGE>
MONTHLY OPERATING REPORT
CASE NAME: OK TURBINES, INC. ACCRUAL BASIS-1
CASE NUMBER: 400-42146-BJH-11 02/13/95, RWD, 2/96
<TABLE>
<CAPTION>
----------------------------------------------------------
COMPARATIVE BALANCE SHEET
------------------------------------------------------------------------------------------------------------------
MONTH MONTH MONTH
SCHEDULE --------------------------------------------------------
ASSETS AMOUNT July 2000 August 2000 September 2000
------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1. UNRESTRICTED CASH $299,835 $185,603 $257,073 $292,736
------------------------------------------------------------------------------------------------------------------
2. RESTRICTED CASH $0 $0 $0
------------------------------------------------------------------------------------------------------------------
3. TOTAL CASH $299,835 $185,603 $257,073 $292,736
------------------------------------------------------------------------------------------------------------------
4. ACCOUNTS RECEIVABLE (NET) $569,077 $685,482 $690,746 $503,061
------------------------------------------------------------------------------------------------------------------
5. INVENTORY $4,135,448 $4,054,421 $4,064,919 $4,142,102
------------------------------------------------------------------------------------------------------------------
6. NOTES RECEIVABLE $0 $0 $0 $0
------------------------------------------------------------------------------------------------------------------
7. PREPAID EXPENSES $0 $0 $0 $0
------------------------------------------------------------------------------------------------------------------
8. OTHER (ATTACH LIST) $30,000 ($1,074,355) ($987,399) ($981,712)
------------------------------------------------------------------------------------------------------------------
9. TOTAL CURRENT ASSETS $5,034,360 $3,851,151 $4,025,339 $3,956,187
------------------------------------------------------------------------------------------------------------------
10. PROPERTY, PLANT & EQUIPMENT $474,012 $568,177 $568,177 $568,177
------------------------------------------------------------------------------------------------------------------
11. LESS: ACCUMULATED
DEPRECIATION/DEPLETION $0 $105,567 $109,368 $113,169
------------------------------------------------------------------------------------------------------------------
12. NET PROPERTY, PLANT &
EQUIPMENT $474,012 $462,610 $458,809 $455,008
------------------------------------------------------------------------------------------------------------------
13. DUE FROM INSIDERS $0 $0 $0 $0
------------------------------------------------------------------------------------------------------------------
14. OTHER ASSETS - NET OF
AMORTIZATION (ATTACH LIST) $0 $0 $0 $0
------------------------------------------------------------------------------------------------------------------
15. OTHER (ATTACH LIST) $0 $0 $0 $0
------------------------------------------------------------------------------------------------------------------
16. TOTAL ASSETS $5,508,372 $4,313,761 $4,484,148 $4,411,195
------------------------------------------------------------------------------------------------------------------
POSTPETITION LIABILITIES
------------------------------------------------------------------------------------------------------------------
17. ACCOUNTS PAYABLE $22,527 $24,621 $38,118
------------------------------------------------------------------------------------------------------------------
18. TAXES PAYABLE $0 $0 $0
------------------------------------------------------------------------------------------------------------------
19. NOTES PAYABLE $0 $0 $0
------------------------------------------------------------------------------------------------------------------
20. PROFESSIONAL FEES $0 $0 $0
------------------------------------------------------------------------------------------------------------------
21. SECURED DEBT $0 $0 $0
------------------------------------------------------------------------------------------------------------------
22. OTHER (ATTACH LIST) $0 $0 $0
------------------------------------------------------------------------------------------------------------------
23. TOTAL POSTPETITION
LIABILITIES $22,527 $24,621 $38,118
------------------------------------------------------------------------------------------------------------------
PREPETITION LIABILITIES
------------------------------------------------------------------------------------------------------------------
24. SECURED DEBT $0 $0 $0 $0
------------------------------------------------------------------------------------------------------------------
25. PRIORITY DEBT $28,268 $0 $0 $0
------------------------------------------------------------------------------------------------------------------
26. UNSECURED DEBT $493,554 $522,843 $522,843 $522,843
------------------------------------------------------------------------------------------------------------------
27. OTHER (ATTACH LIST) $0 $0 $0 $0
------------------------------------------------------------------------------------------------------------------
28. TOTAL PREPETITION LIABILITIES $521,822 $522,843 $522,843 $522,843
------------------------------------------------------------------------------------------------------------------
29. TOTAL LIABILITIES $521,822 $545,370 $547,464 $560,961
------------------------------------------------------------------------------------------------------------------
EQUITY
------------------------------------------------------------------------------------------------------------------
30. PREPETITION OWNERS' EQUITY $3,790,619 $3,790,619 $3,790,619
------------------------------------------------------------------------------------------------------------------
31. POSTPETITION CUMULATIVE
PROFIT OR (LOSS) ($22,228) $146,065 $59,615
------------------------------------------------------------------------------------------------------------------
32. DIRECT CHARGES TO EQUITY
(ATTACH EXPLANATION)
------------------------------------------------------------------------------------------------------------------
33. TOTAL EQUITY $0 $3,768,391 $3,936,684 $3,850,234
------------------------------------------------------------------------------------------------------------------
34. TOTAL LIABILITIES &
OWNERS' EQUITY $521,822 $4,313,761 $4,484,148 $4,411,195
------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
MONTHLY OPERATING REPORT
CASE NAME: OK TURBINES, INC. ACCRUAL BASIS-2
CASE NUMBER: 400-42146-BJH-11 02/13/95, RWD, 2/96
<TABLE>
<CAPTION>
-----------------------------------------
INCOME STATEMENT
------------------------------------------------------------------------------------------------------
MONTH MONTH MONTH
---------------------------------------------- QUARTER
REVENUES July 2000 August 2000 September 2000 TOTAL
------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1. GROSS REVENUES $432,830 $568,331 $284,069 $1,285,230
------------------------------------------------------------------------------------------------------
2. LESS: RETURNS & DISCOUNTS $0 $26,939 $0 $26,939
------------------------------------------------------------------------------------------------------
3. NET REVENUE $432,830 $541,392 $284,069 $1,258,291
------------------------------------------------------------------------------------------------------
COST OF GOODS SOLD
------------------------------------------------------------------------------------------------------
4. MATERIAL $318,325 $237,129 $230,413 $785,867
------------------------------------------------------------------------------------------------------
5. DIRECT LABOR $36,811 $48,890 $53,327 $139,028
------------------------------------------------------------------------------------------------------
6. DIRECT OVERHEAD $190 $3,441 $2,120 $5,751
------------------------------------------------------------------------------------------------------
7. TOTAL COST OF GOODS SOLD $355,326 $289,460 $285,860 $930,646
------------------------------------------------------------------------------------------------------
8. GROSS PROFIT $77,504 $251,932 ($1,791) $327,645
------------------------------------------------------------------------------------------------------
OPERATING EXPENSES
------------------------------------------------------------------------------------------------------
9. OFFICER/INSIDER COMPENSATION $7,933 $7,933 $7,933 $23,799
------------------------------------------------------------------------------------------------------
10. SELLING & MARKETING $594 $293 $747 $1,634
------------------------------------------------------------------------------------------------------
11. GENERAL & ADMINISTRATIVE $26,855 $31,212 $34,637 $92,704
------------------------------------------------------------------------------------------------------
12. RENT & LEASE $2,804 $3,761 $2,784 $9,349
------------------------------------------------------------------------------------------------------
13. OTHER (ATTACH LIST) $36,639 $36,639 $29,757 $103,035
------------------------------------------------------------------------------------------------------
14. TOTAL OPERATING EXPENSES $74,825 $79,838 $75,858 $230,521
------------------------------------------------------------------------------------------------------
15. INCOME BEFORE NON-OPERATING
INCOME & EXPENSE $2,679 $172,094 ($77,649) $97,124
------------------------------------------------------------------------------------------------------
OTHER INCOME & EXPENSES
------------------------------------------------------------------------------------------------------
16. NON-OPERATING INCOME (ATT. LIST) $0 $0 $0 $0
------------------------------------------------------------------------------------------------------
17. NON-OPERATING EXPENSE (ATT. LIST) $0 $0 $0 $0
------------------------------------------------------------------------------------------------------
18. INTEREST EXPENSE $0 $0 $0 $0
------------------------------------------------------------------------------------------------------
19. DEPRECIATION/DEPLETION $3,801 $3,801 $3,801 $11,403
------------------------------------------------------------------------------------------------------
20. AMORTIZATION $0 $0 $0 $0
------------------------------------------------------------------------------------------------------
21. OTHER (ATTACH LIST) $0 $0 $0 $0
------------------------------------------------------------------------------------------------------
22. NET OTHER INCOME & EXPENSES $3,801 $3,801 $3,801 $11,403
------------------------------------------------------------------------------------------------------
REORGANIZATION EXPENSES
------------------------------------------------------------------------------------------------------
23. PROFESSIONAL FEES $0 $0 $0 $0
------------------------------------------------------------------------------------------------------
24. U.S. TRUSTEE FEES $0 $0 $5,000 $5,000
------------------------------------------------------------------------------------------------------
25. OTHER (ATTACH LIST) $0 $0 $0 $0
------------------------------------------------------------------------------------------------------
26. TOTAL REORGANIZATION EXPENSES $0 $0 $5,000 $5,000
------------------------------------------------------------------------------------------------------
27. INCOME TAX $0 $0 $0 $0
------------------------------------------------------------------------------------------------------
28. NET PROFIT (LOSS) ($1,122) $168,293 ($86,450) $80,721
------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
MONTHLY OPERATING REPORT
CASE NAME: OK TURBINES, INC. ACCRUAL BASIS-3
CASE NUMBER: 400-42146-BJH-11 02/13/95, RWD, 2/96
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------
MONTH MONTH MONTH
CASH RECEIPTS AND -------------------------------------------------- QUARTER
DISBURSEMENTS July 2000 August 2000 September 2000 TOTAL
----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1. CASH - BEGINNING OF MONTH $369,827 $185,603 $257,073 $369,827
----------------------------------------------------------------------------------------------------------
RECEIPTS FROM OPERATIONS
----------------------------------------------------------------------------------------------------------
2. CASH SALES $0 $0 $0 $0
----------------------------------------------------------------------------------------------------------
COLLECTION OF ACCOUNTS RECEIVABLE
----------------------------------------------------------------------------------------------------------
3. PREPETITION $28,639 $2,500 $3,015 $34,154
----------------------------------------------------------------------------------------------------------
4. POSTPETITION $259,272 $564,266 $471,537 $1,295,075
----------------------------------------------------------------------------------------------------------
5. TOTAL OPERATING RECEIPTS $287,911 $566,766 $474,552 $1,329,229
----------------------------------------------------------------------------------------------------------
NON - OPERATING RECEIPTS
----------------------------------------------------------------------------------------------------------
6. LOANS & ADVANCES (ATTACH LIST) $0 $0 $0 $0
----------------------------------------------------------------------------------------------------------
7. SALE OF ASSETS $0 $0 $0 $0
----------------------------------------------------------------------------------------------------------
8. OTHER (ATTACH LIST) $1,615 $19,446 $19,224 $40,285
----------------------------------------------------------------------------------------------------------
9. TOTAL NON-OPERATING RECEIPTS $1,615 $19,446 $19,224 $40,285
----------------------------------------------------------------------------------------------------------
10. TOTAL RECEIPTS $289,526 $586,212 $493,776 $1,369,514
----------------------------------------------------------------------------------------------------------
11. TOTAL CASH AVAILABLE $659,353 $771,815 $750,849 $1,739,341
----------------------------------------------------------------------------------------------------------
OPERATING DISBURSEMENTS
----------------------------------------------------------------------------------------------------------
12. NET PAYROLL $82,417 $51,841 $51,578 $185,836
----------------------------------------------------------------------------------------------------------
13. PAYROLL TAXES PAID $6,225 $3,915 $3,895 $14,035
----------------------------------------------------------------------------------------------------------
14. SALES, USE & OTHER TAXES PAID $0 $1,313 $7,693 $9,006
----------------------------------------------------------------------------------------------------------
15. SECURED/RENTAL/LEASES $3,222 $2,982 $2,792 $8,996
----------------------------------------------------------------------------------------------------------
16. UTILITIES $2,422 $4,930 $1,621 $8,973
----------------------------------------------------------------------------------------------------------
17. INSURANCE $0 $0 $0 $0
----------------------------------------------------------------------------------------------------------
18. INVENTORY PURCHASES $289,871 $260,255 $158,418 $708,544
----------------------------------------------------------------------------------------------------------
19. VEHICLE EXPENSES $6 $0 $0 $6
----------------------------------------------------------------------------------------------------------
20. TRAVEL $0 $10 $50 $60
----------------------------------------------------------------------------------------------------------
21. ENTERTAINMENT $140 $498 $255 $893
----------------------------------------------------------------------------------------------------------
22. REPAIRS & MAINTENANCE $38,262 $90,103 $45,121 $173,486
----------------------------------------------------------------------------------------------------------
23. SUPPLIES $29,339 $4,845 $17,380 $51,564
----------------------------------------------------------------------------------------------------------
24. ADVERTISING $231 $1,715 $2,155 $4,101
----------------------------------------------------------------------------------------------------------
25. OTHER (ATTACH LIST) $17,865 $92,335 $167,155 $277,355
----------------------------------------------------------------------------------------------------------
26. TOTAL OPERATING DISBURSEMENTS $470,000 $514,742 $458,113 $1,442,855
----------------------------------------------------------------------------------------------------------
REORGANIZATION EXPENSES
----------------------------------------------------------------------------------------------------------
27. PROFESSIONAL FEES $0 $0 $0 $0
----------------------------------------------------------------------------------------------------------
28. U.S. TRUSTEE FEES $3,750 $0 $0 $3,750
----------------------------------------------------------------------------------------------------------
29. OTHER (ATTACH LIST) $0 $0 $0 $0
----------------------------------------------------------------------------------------------------------
30. TOTAL REORGANIZATION EXPENSES $3,750 $0 $0 $3,750
----------------------------------------------------------------------------------------------------------
31. TOTAL DISBURSEMENTS $473,750 $514,742 $458,113 $1,446,605
----------------------------------------------------------------------------------------------------------
32. NET CASH FLOW ($184,224) $71,470 $35,663 ($77,091)
----------------------------------------------------------------------------------------------------------
33. CASH - END OF MONTH $185,603 $257,073 $292,736 $292,736
----------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
MONTHLY OPERATING REPORT
CASE NAME: OK TURBINES, INC. ACCRUAL BASIS-4
CASE NUMBER: 400-42146-BJH-11 02/13/95, RWD, 2/96
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------
MONTH MONTH MONTH
SCHEDULE -------------------------------------------------
ACCOUNTS RECEIVABLE AGING AMOUNT July 2000 August 2000 September 2000
------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1. 0-30 $278,617 $300,647 $236,369
------------------------------------------------------------------------------------------------------------------
2. 31-60 $173,078 $165,415 $53,028
------------------------------------------------------------------------------------------------------------------
3. 61-90 $8,730 $77,205 $18,088
------------------------------------------------------------------------------------------------------------------
4. 91+ $237,901 $161,498 $209,539
------------------------------------------------------------------------------------------------------------------
5. TOTAL ACCOUNTS RECEIVABLE $0 $698,326 $704,765 $517,024
------------------------------------------------------------------------------------------------------------------
6. AMOUNT CONSIDERED UNCOLLECTIBLE $12,844 $14,019 $13,963
------------------------------------------------------------------------------------------------------------------
7. ACCOUNTS RECEIVABLE (NET) $0 $685,482 $690,746 $503,061
------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------
AGING OF POSTPETITION TAXES AND PAYABLES MONTH: September 2000
---------------------------------
------------------------------------------------------------------------------------------------------------------
0-30 31-60 61-90 91+
TAXES PAYABLE DAYS DAYS DAYS DAYS TOTAL
------------------------------------------------------------------------------------------------------------------
1. FEDERAL $0 $0 $0 $0 $0
------------------------------------------------------------------------------------------------------------------
2. STATE $0 $0 $0 $0 $0
------------------------------------------------------------------------------------------------------------------
3. LOCAL $0 $0 $0 $0 $0
------------------------------------------------------------------------------------------------------------------
4. OTHER (ATTACH LIST) $0 $0 $0 $0 $0
------------------------------------------------------------------------------------------------------------------
5. TOTAL TAXES PAYABLE $0 $0 $0 $0 $0
------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------
6. ACCOUNTS PAYABLE $39,303 ($1,102) $0 ($83) $38,118
------------------------------------------------------------------------------------------------------------------
------------------------------------------------
STATUS OF POSTPETITION TAXES MONTH: September 2000
---------------------------------
------------------------------------------------------------------------------------------------------------------
BEGINNING AMOUNT ENDING
TAX WITHHELD AND/ AMOUNT TAX
FEDERAL LIABILITY* 0R ACCRUED PAID LIABILITY
------------------------------------------------------------------------------------------------------------------
1. WITHHOLDING** $0 $0 $0 $0
------------------------------------------------------------------------------------------------------------------
2. FICA-EMPLOYEE** $0 $0 $0 $0
------------------------------------------------------------------------------------------------------------------
3. FICA-EMPLOYER** $0 $0 $0 $0
------------------------------------------------------------------------------------------------------------------
4. UNEMPLOYMENT $0 $0 $0 $0
------------------------------------------------------------------------------------------------------------------
5. INCOME $0 $0 $0 $0
------------------------------------------------------------------------------------------------------------------
6. OTHER (ATTACH LIST) $0 $0 $0 $0
------------------------------------------------------------------------------------------------------------------
7. TOTAL FEDERAL TAXES $0 $0 $0 $0
------------------------------------------------------------------------------------------------------------------
STATE AND LOCAL
------------------------------------------------------------------------------------------------------------------
8. WITHHOLDING $0 $0 $0 $0
------------------------------------------------------------------------------------------------------------------
9. SALES $0 $0 $0 $0
------------------------------------------------------------------------------------------------------------------
10. EXCISE $0 $0 $0 $0
------------------------------------------------------------------------------------------------------------------
11. UNEMPLOYMENT $0 $0 $0 $0
------------------------------------------------------------------------------------------------------------------
12. REAL PROPERTY $0 $0 $0 $0
------------------------------------------------------------------------------------------------------------------
13. PERSONAL PROPERTY $0 $7,693 $7,693 $0
------------------------------------------------------------------------------------------------------------------
14. OTHER (ATTACH LIST) $0 $0 $0 $0
------------------------------------------------------------------------------------------------------------------
15. TOTAL STATE & LOCAL $0 $7,693 $7,693 $0
------------------------------------------------------------------------------------------------------------------
16. TOTAL TAXES $0 $7,693 $7,693 $0
------------------------------------------------------------------------------------------------------------------
* The beginning tax liability should represent the liability from the prior
month or, if this is the first operating report, the amount should be zero.
** Attach photocopies of IRS Form 6123 or your FTD coupon and payment receipt
to verify payment or deposit.
</TABLE>
<PAGE>
MONTHLY OPERATING REPORT
CASE NAME: OK TURBINES, INC. ACCRUAL BASIS-5
CASE NUMBER: 400-42146-BJH-11 02/13/95, RWD, 2/96
The debtor in possession must complete the reconciliation below for each bank
account, including all general, payroll and tax accounts, as well as all savings
and investment accounts, money market accounts, certificates of deposit,
government obligations, etc. Accounts with restricted funds should be identified
by placing an asterisk next to the account number. Attach additional sheets if
necessary.
<TABLE>
<CAPTION>
MONTH: September 2000
------------------------------------------------
-------------------------------------------
BANK RECONCILIATIONS
Account #1 Account #2 Account #3
------------------------------------------------------------------------------------------------------------
A. BANK: Bank of America Bank of America Bank of America
------------------------------------------------------------------------------------------------------------
B. ACCOUNT NUMBER: 15819-20089 00127-09156 00129-09155 TOTAL
------------------------------------------------------------------------------------------------------------
C. PURPOSE (TYPE): Operating Payroll Operating
------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1. BALANCE PER BANK STATEMENT $320,221 $0 $0 $320,221
------------------------------------------------------------------------------------------------------------
2. ADD: TOTAL DEPOSITS NOT CREDITED $0 $0 $0 $0
------------------------------------------------------------------------------------------------------------
3. SUBTRACT: OUTSTANDING CHECKS $27,948 $0 $0 $27,948
------------------------------------------------------------------------------------------------------------
4. OTHER RECONCILING ITEMS $0 $0 $0 $0
------------------------------------------------------------------------------------------------------------
5. MONTH END BALANCE PER BOOKS $292,273 $0 $0 $292,273
------------------------------------------------------------------------------------------------------------
6. NUMBER OF LAST CHECK WRITTEN 5495 Account closed Account closed
------------------------------------------------------------------------------------------------------------
-------------------------------------------
INVESTMENT ACCOUNTS
------------------------------------------------------------------------------------------------------------
DATE OF TYPE OF PURCHASE CURRENT
BANK, ACCOUNT NAME & NUMBER PURCHASE INSTRUMENT PRICE VALUE
------------------------------------------------------------------------------------------------------------
7. N/A
------------------------------------------------------------------------------------------------------------
8. N/A
------------------------------------------------------------------------------------------------------------
9. N/A
------------------------------------------------------------------------------------------------------------
10. N/A
------------------------------------------------------------------------------------------------------------
11. TOTAL INVESTMENTS $0 $0
------------------------------------------------------------------------------------------------------------
-------------------------------------------
CASH
------------------------------------------------------------------------------------------------------------
12. CURRENCY ON HAND $463
------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------
13. TOTAL CASH - END OF MONTH $292,736
------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
MONTHLY OPERATING REPORT
CASE NAME: OK TURBINES, INC. ACCRUAL BASIS-6
CASE NUMBER: 400-42146-BJH-11 02/13/95, RWD, 2/96
MONTH: September 2000
<TABLE>
<CAPTION>
------------------------------------------------------
PAYMENTS TO INSIDERS AND PROFESSIONALS
------------------------------------------------------
OF THE TOTAL DISBURSEMENTS SHOWN FOR THE MONTH, LIST THE AMOUNT PAID TO
INSIDERS (AS DEFINED IN SECTION 101 (31) (A)-(F) OF THE U.S. BANKRUPTCY
CODE) AND TO PROFESSIONALS. ALSO, FOR PAYMENTS TO INSIDERS, IDENTIFY THE
TYPE OF COMPENSATION PAID (e.g. SALARY, BONUS, COMMISSIONS, INSURANCE,
HOUSING ALLOWANCE, TRAVEL, CAR ALLOWANCE, ETC.). ATTACH ADDITIONAL SHEETS
IF NECESSARY.
--------------------------------------------------------------------
INSIDERS
--------------------------------------------------------------------
TYPE OF AMOUNT TOTAL PAID
NAME PAYMENT PAID TO DATE
--------------------------------------------------------------------
<S> <C> <C> <C>
1. GREGG NIMMO Reimbursment $882 $9,412
--------------------------------------------------------------------
2. GREGG NIMMO Salary $7,933 $43,632
--------------------------------------------------------------------
3.
--------------------------------------------------------------------
4.
--------------------------------------------------------------------
5.
--------------------------------------------------------------------
6. TOTAL PAYMENTS
TO INSIDERS $8,815 $53,044
--------------------------------------------------------------------
------------------------------------------------------------------------------------------------
PROFESSIONALS
------------------------------------------------------------------------------------------------
DATE OF COURT TOTAL
ORDER AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED
NAME PAYMENT APPROVED PAID TO DATE & UNPAID *
------------------------------------------------------------------------------------------------
1. N/A
------------------------------------------------------------------------------------------------
2. N/A
------------------------------------------------------------------------------------------------
3. N/A
------------------------------------------------------------------------------------------------
4. N/A
------------------------------------------------------------------------------------------------
5. N/A
------------------------------------------------------------------------------------------------
6. TOTAL PAYMENTS
TO PROFESSIONALS $0 $0 $0 $0
------------------------------------------------------------------------------------------------
* INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED
----------------------------------------------------------------------------------
POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE
PROTECTION PAYMENTS
----------------------------------------------------------------------------------
----------------------------------------------------------------------------------
SCHEDULED AMOUNTS
MONTHLY PAID TOTAL
PAYMENTS DURING UNPAID
NAME OF CREDITOR DUE MONTH POSTPETITION
----------------------------------------------------------------------------------
1. City of Hollister - Building Rent $2,395 $2,395 $0
----------------------------------------------------------------------------------
2. Other various $397 $0
----------------------------------------------------------------------------------
3. N/A
----------------------------------------------------------------------------------
4. N/A
----------------------------------------------------------------------------------
5. N/A
----------------------------------------------------------------------------------
6. TOTAL $2,395 $2,792 $0
----------------------------------------------------------------------------------
</TABLE>
<PAGE>
MONTHLY OPERATING REPORT
CASE NAME: OK TURBINES, INC. ACCRUAL BASIS-7
CASE NUMBER: 400-42146-BJH-11 02/13/95, RWD, 2/96
------------------------------------------------------------------
<TABLE>
<CAPTION>
MONTH: September 2000
------------
------------------------------------
QUESTIONNAIRE
-------------------------------------------------------------------------------------------------------
YES NO
-------------------------------------------------------------------------------------------------------
<S> <C> <C>
1. HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE
THE NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD? X
-------------------------------------------------------------------------------------------------------
2. HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT
OTHER THAN A DEBTOR IN POSSESSION ACCOUNT? X
-------------------------------------------------------------------------------------------------------
3. ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES, OR
LOANS) DUE FROM RELATED PARTIES? X
-------------------------------------------------------------------------------------------------------
4. HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES
THIS REPORTING PERIOD? X
-------------------------------------------------------------------------------------------------------
5. HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE
DEBTOR FROM ANY PARTY? X
-------------------------------------------------------------------------------------------------------
6. ARE ANY POSTPETITION PAYROLL TAXES PAST DUE? X
-------------------------------------------------------------------------------------------------------
7. ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES
PAST DUE? X
-------------------------------------------------------------------------------------------------------
8. ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE? X
-------------------------------------------------------------------------------------------------------
9. ARE ANY OTHER POSTPETITION TAXES PAST DUE? X
-------------------------------------------------------------------------------------------------------
10. ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS
DELINQUENT? X
-------------------------------------------------------------------------------------------------------
11. HAVE ANY PREPETITION TAXES BEEN PAID DURING THE
REPORTING PERIOD? X
-------------------------------------------------------------------------------------------------------
12. ARE ANY WAGE PAYMENTS PAST DUE? X
-------------------------------------------------------------------------------------------------------
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "YES," PROVIDE A DETAILED
EXPLANATION OF EACH ITEM. ATTACH ADDITIONAL SHEETS IF NECESSARY.
-------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------
------------------------------------
INSURANCE
-------------------------------------------------------------------------------------------------------
YES NO
-------------------------------------------------------------------------------------------------------
1. ARE WORKER'S COMPENSATION, GENERAL LIABILITY AND OTHER
NECESSARY INSURANCE COVERAGES IN EFFECT? X
-------------------------------------------------------------------------------------------------------
2. ARE ALL PREMIUM PAYMENTS PAID CURRENT? X
-------------------------------------------------------------------------------------------------------
3. PLEASE ITEMIZE POLICIES BELOW.
-------------------------------------------------------------------------------------------------------
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "NO," OR IF ANY POLICIES HAVE
BEEN CANCELLED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE AN
EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY.
-------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------
INSTALLMENT PAYMENTS
-------------------------------------------------------------------------------------------------------
TYPE OF PAYMENT AMOUNT
POLICY CARRIER PERIOD COVERED & FREQUENCY
-------------------------------------------------------------------------------------------------------
See Kitty Hawk, Inc. Case #400-42141
-------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
CASE NAME: OK TURBINES, INC. FOOTNOTES SUPPLEMENT
CASE NUMBER: 400-42146-BJH-11 ACCRUAL BASIS
MONTH: September 2000
-------------------------
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------
ACCRUAL BASIS LINE
FORM NUMBER NUMBER FOOTNOTE / EXPLANATION
----------------------------------------------------------------------------------------------------------
<S> <C> <C>
3 12 All payroll is paid out of Kitty Hawk Charters, Inc. (Case #400-
13 42142) and allocated to the Company. Related payroll
taxes are disbursed out of and reported at KH Charters.
----------------------------------------------------------------------------------------------------------
6 All Professional fees related to the Reorganization of the
Company are disbursed out of Kitty Hawk, Inc. (Parent
Company). Refer to Case # 400-42141
----------------------------------------------------------------------------------------------------------
7 All insurance plans related to the Company are carried
at Kitty Hawk, Inc. (Parent Company). Refer to Case #
400-42141.
----------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
CASE NAME: OK TURBINES, INC.
CASE NUMBER: 400-42146-BJH-11
DETAILS OF OTHER ITEMS
ACCRUAL BASIS-1 September 2000
8. OTHER (ATTACH LIST) $ (981,712)Reported
-----------------------
Intercompany Receivables (1,109,144)
Uncollectible A/R 13,963
Security Deposit 113,469
-----------------------
(981,712)Detail
-----------------------
- Difference
ACCRUAL BASIS-2
13. OTHER (ATTACH LIST) $ 29,757 Reported
-----------------------
Bad Debt (10,334)
UPS Deposit 1,500
Inventory Reserve Allocation 38,591 Detail
-----------------------
29,757
-----------------------
- Difference
ACCRUAL BASIS-3
8. OTHER (ATTACH LIST) $ 19,224 Reported
-----------------------
Voided checks 3,621
NSF Checks 15,050
Inventory refunds 553
-----------------------
19,224 Detail
-----------------------
- Difference
25. OTHER (ATTACH LIST) 167,155 Reported
-----------------------
Transfer to KH Charters 150,000
Freight 4,966
Outside service 466
Fuel 1,144
Stop Pay 547
Bank Fee 1,492
Refunds 202
UPS Deposit 1,500
NSF Checks 4,698
Subscription 2,140
-----------------------
167,155 Detail
-----------------------
- Difference
