|
 Diamond
Files April Operations Statement with Court
Diamond Glass has filed its April statement of operations with
the U.S. Bankruptcy Court for the District of Delaware. Among its
reported numbers are gross revenues of $252, 915* for the month,
and a gross profit of $1,837,170.
Following is the full statement, as shown in court documents:
Diamond's Statement of Operations for April 2008
| Revenues |
|
| Gross Revenues |
$252,915*
|
| Less: Returns
and Allowances |
$5,656
|
| Net Revenues |
$247,259
|
| Cost of Goods
Sold |
|
| Cost of Goods
Sold |
$63,542
|
| Gross Profit |
$183,717
|
| Operating
Expenses |
|
| Advertising and
Promotional |
$12,788
|
| Bad Debt |
$1,925
|
| Insurance |
$1,716
|
| Occupancy |
$25,517
|
| Office Supplies |
$2,415
|
| Other |
$6,200
|
| Payroll |
$96,702
|
| Service Charges |
$1,513
|
| Shop Maintenance |
$4,533
|
| Telephone |
$7,516
|
| Gas |
$12,886
|
| Vehicle Lease |
$13,412
|
| Vehicle Maintenance |
$3,455
|
| Total Operating Expenses Before
Depreciation |
$190,579
|
| Depreciation |
$2,361
|
| Net Profit (Loss)
Before Other Income & Expenses |
($9,223)
|
| Other Income and Expenses |
|
| Other Income |
$0
|
| Interest Expense |
$0
|
| Other Expense |
$0
|
| Net Profit (Loss) Before Reorganization
Items |
($9,223)
|
| Reorganization
Items |
|
| Professional Fees |
$14,652
|
| U.S. Trustee Quarterly Fees |
$0
|
| Interest Earned on Accumulated
Cash from Chapter 11 |
$0
|
| Gain (loss) from Sale of Equipment |
$0
|
| Other Reorganization Expenses |
$0
|
| Total Reorganization Expenses |
$14,652
|
| Income Taxes |
$0
|
| Net Profit (Loss) |
($23,875)
|
Editor's Note: Though it is not noted on the original court
document, we believe these figures to be in millions of dollars
(i.e., $252,915 should be $2,529,150). CLICK
HERE for full text of original document.
Need more info and analysis about the issues?
CLICK
HERE to subscribe to AGRR magazine. |
