EX-99.1 3 research024573_ex99-1.txt OPERATING REPORTS FILED WITH THE BANKRUPTCY COURT CASE NAME: RESEARCH INCORPORATED CASE NUMBER: 02-40309 COMPARATIVE BALANCE SHEET

CASE NAME: RESEARCH INCORPORATED CASE NUMBER: 02-40309 PROFIT & LOSS STATEMENT

CASE NAME: RESEARCH INCORPORATED CASE NUMBER: 02-40309 CASH RECEIPTS & DISBURSEMENTS (CALENDAR)

CASE NAME: RESEARCH INCORPORATED CASE NUMBER: 02-40309

*** NOTE: MCF CARRIES $300.00 BALANCE WHICH RI DOESN'T RECORD ON OUR BOOKS IN NEW LBOX ACCT #336 998 1448. PAYMENTS TO INSIDERS AND PROFESSIONALS BASED ON CALENDAR MONTH CASE NUMBER: 02-40309 CASE NAME: Research Incorporated

CASE NAME: RESEARCH INCORPORATED CASE NUMBER: 02-40309 POST PETITION PAYROLL TAX STATUS

EXPLAIN THE REASON FOR ANY PAYMENT OF PRE-PETITION TAXES: EXPLAIN THE REASON ANY POST-PETITION TAXES ARE PAST-DUE: POST-PETITION STATUS OF SECURED NOTES, LEASES PAYABLE BASED ON CALENDAR MONTH AUGUST 1 - 31, 2002 Case Name: 02-40309 Case Number: Research Incorporated

Case Name: Research, Inc. Case #: 02-40309 ACCOUNTS RECEIVABLE AGING AGING 8/24/2002 ----- ------------ 0-30 DAYS $ 213,312.89 31-60 DAYS 43,243.07 61-90 DAYS 11,634.18 91+ DAYS 14,370.52 ------------ TOTAL A/R $ 282,560.66 Case Name: Research, Inc. Case Number: 02-40309 AGING SCHEDULE OF POST-PETITION PAYABLES ---------------------------------------- 31-Aug-02

QUESTIONNAIRE Case Name: RESEARCH, INC. -------------- United States Bankruptcy Court District of MINNESOTA --------- Case Number: 02-40309 Division -------- Month: AUGUST 2002 ----------- 1. Taxes: Are all post-petition payroll, state and federal taxes current? Yes ( X ) No ( ) Are all post-petition income taxes, state and federal current? Yes ( X ) No ( ) Are all other post-petition taxes current? Yes ( X ) No ( ) If the answer to any of the questions above is no, please list the balances which are outstanding on the schedules of post-petition taxes payable. 2. Insurance: Are workers compensation, general liability and other necessary insurance in effect? Yes ( X ) No ( ) Are all premium payments current? Yes ( X ) No ( ) PLEASE ITEMIZE ALL POLICIES:

Questionnaire Continued on Next Page 3. Have any payments been made to any pre-petition creditors? Secured Yes ( ) No ( X ) Priority Yes ( X ) No ( ) Unsecured Yes ( ) No ( X ) If yes, please identify to whom the payment(s) has been made, the date(s) and the amount(s). Payment of $526.00 was made to the State of Minnesota, Department of Revenue on June 6, 2002 for state income taxes due for the twelve month period ended September 30, 2001. 4. Have any assets been sold outside the normal course of business? Yes ( ) No ( X ) If yes, please describe the assets which were sold and attach an order by the Court authorizing the sale. 5. Have all funds been deposited in and disbursed from the chapter 11 debtor bank accounts? Yes ( X ) No ( ) 6. Are all post-petition accounts receivable due from non-related parties? Yes ( X ) No ( ) 7. What specific efforts have been made in the past month toward the development of a Plan of Reorganization? We are in the process of putting together a plan that includes a third party investor that has been recommended by both the creditors committee and the company's board of directors. A Reorganization Plan and Debtor's Disclosure Statement is expected to be filed with the court shortly. Concurrently, we expect to sign a Stock Purchase Agreement with the third party that would be effective with the final confirmation of the Plan. Debtor/Trustee's Certification Name of Attorney: MICHAEL MEYER Address: 4545 IDS CENTER 80 SOUTH EIGHTH ST. City, State, Zip: MINNEAPOLIS, MN 55402 Telephone: (612) 317-4745 I CERTIFY UNDER PENALTY OF PERJURY THAT THE FOLLOWING COMPLETE MONTHLY OPERATING REPORT (MOR), CONSISTING OF MOR-1 THROUGH MOR-11, PLUS ALL ATTACHMENTS ARE TRUE AND CORRECT. Signed: /s/ Brad Yopp Title: PRESIDENT, CFO ----------------------- (Original Signature) BRAD YOPP Date: SEPTEMBER 13, 2002

RESEARCH INC /MN/ 8-K