UNITED STATES BANKRUPTCY COURT

                                    DELAWARE



In re:       Strouds, Inc.

                                                    Case No.           003552MFW

                                                    Reporting period:  Mar-01





                            MONTHLY OPERATING REPORT







---------------------------------------------------------------------------------------------------------------------------

                                                                                               Document         Explanation

REQUIRED DOCUMENTS                                                        Form No.             Attached          Attached

---------------------------------------------------------------------------------------------------------------------------

                                                                                                        

Schedule of Cash Receipts and Disbursements                             MOR-1                     X

---------------------------------------------------------------------------------------------------------------------------

   Bank Reconciliations                                                 MOR-1 (CON'T)             X

---------------------------------------------------------------------------------------------------------------------------

   Copies of Bank Statements                                                                                        X

---------------------------------------------------------------------------------------------------------------------------

   Cash disbursements journals                                                                                      X

---------------------------------------------------------------------------------------------------------------------------

Statement of Operations                                                 MOR-2                     X

---------------------------------------------------------------------------------------------------------------------------

Balance Sheet                                                           MOR-3                     X

---------------------------------------------------------------------------------------------------------------------------

Status of Postpetition Taxes                                            MOR-4                     X

---------------------------------------------------------------------------------------------------------------------------

   Copies of IRS Form 6123 or pqyment receipt                                                                       X

---------------------------------------------------------------------------------------------------------------------------

   Copies of tax returns filed during reporting period                                                              X

---------------------------------------------------------------------------------------------------------------------------

Summary of Unpaid Postpetition Debts                                    MOR-4                     X

---------------------------------------------------------------------------------------------------------------------------

   Listing of aged accounts payable                                                               X

---------------------------------------------------------------------------------------------------------------------------

Accounts Receivable Reconciliation and Aging                            MOR-5                     X

---------------------------------------------------------------------------------------------------------------------------

Debtor Questionnaire                                                    MOR-5                     X

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I declare under penatly of perjury (28 U.S.C. Section 1746) that this report and

the attached docoments are true and correct to the best of my knowledge and

belief.







     /s/ Tom Paccioretti                          4/20/2001

---------------------------------------           ------------------------------

Signature of Authorized Individual                Date







Tom Paccioretti                                   Chief Executive Officer

---------------------------------------           ------------------------------

Printed Name of Authorized Individual             Title of Authorized Individual





EXPLANATIONS:

Per Hugh Ward, UST, bank statements and cash disbursement journals are not

required to be submitted. The Debtor uses a third party payroll service and does

not receive form 6123. See copy of bank statement attached to evidence payment

of payroll taxes.







In re:  Strouds, Inc.

                                                    Case No.           003552MFW

                                                    Reporting period:  Mar-01





                   SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS







                                                       Payroll

                                     Operating       (Checks,Tax &   Depository    Current Month          Cumulative

                                   (concentration)    Direct Dep)   (Blocked acct)     Actual               Actual

                                                                                         

Cash Beginning of Month              (2,539,909)        (12,853)        535,914      (2,016,848)           3,872,135



RECEIPTS:



Sales deposits                                                       18,285,595      18,285,595          128,192,499

Accounts receivable                                                                           -              843,216

Advances to secured Lender                                          (21,160,387)    (21,160,387)        (131,925,363)

Advances from secured Lender         16,150,000                                      16,150,000          111,675,000

sale of assets                                -                       2,776,800       2,776,800            7,401,800

other                                   115,967             439           1,791         118,197              841,225

transfers between accts                               3,083,252                       3,083,252           16,180,055

                                                                                              -                    -

Total receipts                       16,265,967       3,083,692         (96,201)     19,253,457          133,208,432

                                                                                              -                    -

DISBURSEMENTS:                                                                                -                    -

                                                                                              -                    -

Net Payroll                           3,083,252       2,894,525                       5,977,778           32,351,703

Payroll taxes                                                                                 -                    -

Payroll/benefits(401K)                   61,945                                          61,945              362,203

Sales, use & other taxes              1,115,781                                       1,115,781            9,699,247

Inventory Purchases                   6,204,000                                       6,204,000           58,527,000

Secured/Rental/Leases                   216,000                                         216,000           12,588,000

Insurance                                37,803                                          37,803            1,380,274

Administrative                          685,807                                         685,807            3,887,564

Selling                                 629,000                                         629,000            6,814,000

Others                                2,104,556                          20,600       2,125,156           11,190,964

Professional fees                     1,038,000                                       1,038,000            1,134,023

Trustee Fees                                                                                  -                  250

Court costs                                                                                   -                    -

Total Disbursements                  15,176,145       2,894,525          20,600      18,091,270          137,935,229

                                                                                              -                    -

Net Cash Flow                         1,089,822         189,166        (116,801)      1,162,187           (4,726,797)

                                                                                              -                    -

Cash-End of Month                    (1,450,087)        176,314         419,112        (854,661)            (854,662)

Reclass for External reporting *                                                      1,450,087




 

 

	

		

		

		
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