TCR_Public/060128.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

             Saturday, January 28, 2006, Vol. 10, No. 24

                             Headlines

FLYI INC: Earns $543,927 For The Month of November 2005
FLYI INC: Independence Posts $11.98 Mil. Net Loss in November 2005
FOAMEX INT'L: Earns $5.76 Million For The Month of December 2005
KUSHNER-LOCKE: Releases October 2005 Monthly Operating Reports
OWENS CORNING: Earns $7.75 Million For The Month of October 2005

OWENS CORNING: Posts $4.58 Million Net Loss in November 2005
XYBERNAUT CORP: Posts $975,181 Net Loss in December 2005

                             *********

FLYI INC: Earns $543,927 For The Month of November 2005
-------------------------------------------------------

                             FLYi Inc.
                     Consolidated Balance Sheet
                      As of November 30, 2005

ASSETS

Current assets
    Cash                                                $171,932
    Short term investments                             1,000,000
    Restricted cash                                            0
    Net accounts receivable                          380,027,734
    Net expandable parts and fuel                              0
    Net prepaid expenses                                       0
    Assets held for sale                                       0
    IC Notes receivable                                4,252,000
    Deferred tax asset                                         0
                                                   -------------
    Total Current Assets                            $385,451,666
                                                   -------------
Other assets
    Restricted cash                                           $0
    Long term investments                              7,435,000
    Property and equipment, net of depreciation              250
    Intangible assets                                          0
    Debt issuance cost                                 2,112,322
    Aircraft deposits                                          0
    Long term deferred tax                                     0
    Other assets                                      14,055,412
                                                   -------------
    TOTAL ASSETS                                    $409,054,650
                                                   =============

LIABILITIES

Liabilities not subject to compromise                         $0
Liabilities subject to compromise
    Secured debt                                               0
    Priority debt                                              0
    Unsecured debt                                   245,026,199
                                                   -------------
    Total Liabilities                               $245,026,199
                                                   -------------
Owner Equity
    Common stock                                       1,088,716
    Additional paid in capital                       158,254,512
    Treasury stock                                   (35,717,477)
    Pre-petition retained earnings                    39,858,773
    Postpetition retained earnings                       543,927
    Adjustment to owner equity
    Postpetition contributions
                                                   -------------
    Net Owners' Equity                              $164,028,451
                                                   -------------
    TOTAL LIABILITIES AND OWNER'S EQUITY            $409,054,650
                                                   =============

                              FLYi Inc.
                      Statement of Operations
                        As of November 2005

Revenues                                                      $0
Operating expenses                                             0
Other income and expenses
    Interest expense                                     500,000
    Other miscellaneous                                   43,927
                                                   -------------
    Net Profit (Loss)                                   $543,927
                                                   =============

eadquartered in Dulles, Virginia, FLYi, Inc., aka Atlantic Coast
Airlines Holdings, Inc. -- http://www.flyi.com/-- is the parent
of Independence Air Inc., a small airline based at Washington
Dulles International Airport.  The Debtor and its six affiliates
filed for chapter 11 protection on Nov. 7, 2005 (Bankr. D. Del.
Case Nos. 05-20011 through 05-20017).  Brendan Linehan Shannon,
Esq., M. Blake Cleary, Esq., and Matthew Barry Lunn, Esq., at
Young, Conaway, Stargatt & Taylor, represent the Debtors in their
restructuring efforts.  As of Sept. 30, 2005, the Debtors listed
assets totaling $378,500,000 and debts totaling $455,400,000.
(FLYi Bankruptcy News, Issue No. 10; Bankruptcy Creditors'
Service, Inc., 215/945-7000)


FLYI INC: Independence Posts $11.98 Mil. Net Loss in November 2005
------------------------------------------------------------------

                       Independence Air Inc.
                    Consolidated Balance Sheet
                      As of November 30, 2005

ASSETS

Current assets
    Cash                                             $13,054,486
    Short term investments                            20,550,000
    Restricted cash                                   30,162,004
    Net accounts receivable                          101,668,500
    Net expandable parts and fuel                     11,823,441
    Net prepaid expenses                              32,382,762
    Assets held for sale                                      (1)
    Deferred tax asset                                        (1)
                                                   -------------
Total current assets                                $209,641,191
                                                   -------------
Other assets:
    Restricted cash                                  $20,034,852
    Long term investments                                      0
    Property and equipment, net of depreciation      160,476,192
    Intangible assets                                    170,625
    Debt issuance cost                                 2,339,762
    Aircraft deposits                                 22,412,000
    Long term deferred tax                                     0
    Other assets                                       7,497,158
                                                   -------------
    TOTAL ASSETS                                    $422,571,780
                                                   =============

LIABILITIES

Liabilities not subject to compromise
    Accounts payable                                    $294,172
    Air traffic liability                             37,291,327
    Accrued liabilities                                3,197,673
    Current Deferred revenue                                   0
    Deferred tax liability                                     0
    Amounts due to insiders                                6,667
                                                   -------------
Total postpetition liabilities                        40,789,839
                                                   -------------
Liabilities subject to compromise
    Secured debt                                     116,396,428
    Priority debt                                        506,174
    Unsecured debt                                   401,450,406
    Other accruals                                   137,036,472
                                                   -------------
Total prepetition liabilities                       $655,389,481
                                                   -------------
Total Liabilities                                   $696,179,320
                                                   -------------
Owner Equity
    Common stock                                               0
    Additional paid in capital                                 0
    Treasury stock                                     7,435,000
    Owner's equity account                                     0
    Pre-petition retained earnings                  (269,062,389)
    Postpetition retained earnings                   (11,980,150)
    Adjustment to owner equity                                 0
                                                   -------------
Net Owner Equity                                   ($273,607,539)
                                                   -------------
    TOTAL LIABILITIES AND OWNER'S EQUITY            $422,571,780
                                                   =============

                       Independence Air Inc.
                      Statement of Operations
                        As of November 2005

Revenues
Operating Revenue
    Passenger revenue                                $21,008,681
    Charter                                               91,694
    In-flight Sales                                       44,931
    Other revenue                                      1,075,147
                                                   -------------
Total operating revenues                             $22,220,453
                                                   -------------
Operating expenses
Insider compensation                                    $104,281
    Wages                                              6,730,610
    Fringes and benefits                               1,432,997
    aircraft fuel                                      9,115,688
    aircraft maintenance and materials                 1,438,633
    aircraft rentals                                   5,905,129
    traffic commissions                                  473,831
    CRS fees                                             207,749
    facilities rent                                    2,462,517
    Landing fees                                         739,566
    Depreciation and amortization                      1,077,139
    Others                                             3,219,247
    Retirement and restructuring charge                 (214,371)
                                                   -------------
Total operating expense                              $32,693,016
                                                   -------------
Other income and expenses
    Interest income                                     (268,768)
    Interest expense                                     640,425
    Other miscellaneous                                    3,691
                                                   -------------
    Total other (income) expense                         375,348
                                                   -------------
Reorganization items
    Professional fees                                  1,132,239
                                                   -------------
Net Profit (Loss)                                  ($11,980,150)
                                                   =============

eadquartered in Dulles, Virginia, FLYi, Inc., aka Atlantic Coast
Airlines Holdings, Inc. -- http://www.flyi.com/-- is the parent
of Independence Air Inc., a small airline based at Washington
Dulles International Airport.  The Debtor and its six affiliates
filed for chapter 11 protection on Nov. 7, 2005 (Bankr. D. Del.
Case Nos. 05-20011 through 05-20017).  Brendan Linehan Shannon,
Esq., M. Blake Cleary, Esq., and Matthew Barry Lunn, Esq., at
Young, Conaway, Stargatt & Taylor, represent the Debtors in their
restructuring efforts.  As of Sept. 30, 2005, the Debtors listed
assets totaling $378,500,000 and debts totaling $455,400,000.
(FLYi Bankruptcy News, Issue No. 10; Bankruptcy Creditors'
Service, Inc., 215/945-7000)


FOAMEX INT'L: Earns $5.76 Million For The Month of December 2005
----------------------------------------------------------------

             Foamex International, et al., as Debtors
                    Consolidated Balance Sheet
                     As of December 31, 2005
  
                              ASSETS  

Current Assets  
      Cash                                           $4,839,000  
      Accounts Receivable, net                      184,116,000  
      Inventory                                     106,087,000  
      Other current assets                           26,067,000  
                                                  -------------  
Total current assets                                321,109,000  
  
Land & land improvements                              5,100,000  
Buildings                                            92,259,000  
Leasehold improvement                                 5,302,000  
Machinery & Equipment                               227,959,000  
Furniture & Fixtures                                  5,184,000  
Auto equipment                                        7,975,000  
Computer equipment                                    7,841,000  
Construction in progress                              1,089,000  
Accumulated depreciation                           (252,993,000)  
                                                  -------------  
Total property plant & equipment, net                99,717,000  
                                                  -------------  

Goodwill, net                                        86,191,000  
Debt Issuance costs, net                              5,231,000  
Investment in subsidiaries                           21,507,000  
Long-term intercompany receivable                     4,850,000  
Other Assets                                         48,892,000  
                                                  -------------  
Total Assets                                       $587,498,000
                                                  =============

              LIABILITIES & STOCKHOLDERS' DEFICIENCY

Current Liabilities
      Revolver borrowings                          $154,566,000  
      Current portion of long-term debt              86,214,000  
      Accounts payable                               59,585,000  
      Intercompany                                      455,000  
      Accrued employee costs                         14,001,000  
      Accrued rebates                                10,777,000
      Accrued interest                                2,049,000    
      Other current liabilities                      20,535,000  
                                                  -------------  
Total current liabilities                           348,182,000  

Long-term debt                                          340,000  
Intercompany debt                                             -  
Liability Subject to Compromise                     635,583,000  
Other liabilities                                    15,152,000  
                                                  -------------  
Total Long-Term Liabilities                         651,075,000  
                                                  -------------  
Total Liabilities                                   999,257,000  
  
Common stock                                            280,000  
Preferred stock                                          15,000  
Additional paid-in capital                          102,555,000  
Treasury stock                                      (27,780,000)  
Partners capital                                              0  
Other comprehensive income (loss)                   (34,522,000)  
Shareholder loans                                    (9,221,000)  
Accumulated deficit                                (443,086,000)  
                                                  -------------  
                                                   (411,759,000)  
                                                  -------------  
Liabilities & Stockholders Deficiency              $587,498,000  
                                                  =============  
  
             Foamex International, et al., as Debtors  
                  Consolidated Income Statement  
                  Month Ended December 31, 2005  

Gross Sales                                         $97,378,000  
Rebates, Discount & Sale Allowance                   (5,142,000)
                                                  -------------  
Net Sales                                            92,236,000  
  
Material                                             50,080,000  
Labor                                                 3,726,000  
Overhead                                             13,063,000  
Freight/Shipping                                      3,940,000  
                                                  -------------  
Cost of Sales                                        70,809,000  
  
Gross Profit                                         21,427,000  
  
Labor & Employee Expense                              3,896,000  
Indirect Materials & Samples                            (14,000)  
Equipment & Maintenance Expense                          22,000  
Facility Expense                                        181,000  
Travel & Entertainment                                  222,000  
Technology                                              160,000  
Professional Fees & Services                          1,554,000  
Other Miscellaneous Expense                             242,000  
Insurance & Tax                                         412,000  
Bad debt expense                                        339,000  
Bank/Collection Costs                                    56,000  
Transportation Cost                                      16,000  
Depreciation/Amortization                               304,000  
Corp. Cost to COS                                      (730,000)  
                                                  -------------  
Selling, general & admin expenses                     6,662,000  
  
Restructuring & Impairment Charges                    1,081,000  
                                                  -------------  
Income from operations                               13,684,000  
  
Interest Expense                                      6,075,000  
  
Equity in earnings of JV & non-debtor subs             (283,000)  
Other Income & (Expense)                                151,000
  
Professional Fees                                     1,337,000  
Provision/(Gains) - Rejected Contracts                   23,000
Bankruptcy Filing Fees                                        -  
Other Expense                                           361,000  
Debt Adjustment Gain/Loss                                     -  
                                                  -------------  
Reorganization Expense (Income)                       1,721,000  
  
Income before Tax                                     5,757,000  
Tax Provision                                                 -  
                                                  -------------  
Net Income                                           $5,757,000  
                                                  =============

Headquartered in Linwood, Pa., Foamex International Inc. --
http://www.foamex.com/-- is the world's leading producer of     
comfort cushioning for bedding, furniture, carpet cushion and
automotive markets.  The Company also manufactures high-
performance polymers for diverse applications in the industrial,
aerospace, defense, electronics and computer industries.  The
Company and eight affiliates filed for chapter 11 protection on
Sept. 19, 2005 (Bankr. Del. Case Nos. 05-12685 through 05-12693).  
Attorneys at Paul, Weiss, Rifkind, Wharton & Garrison LLP,
represent the Debtors in their restructuring efforts.  Houlihan,
Lokey, Howard and Zukin and O'Melveny & Myers LLP are advising the
ad hoc committee of Senior Secured Noteholders.  As of July 3,
2005, the Debtors reported $620,826,000 in total assets and
$744,757,000 in total debts.  (Foamex International Bankruptcy
News, Issue No. 10; Bankruptcy Creditors' Service, Inc., 215/945-
7000)


KUSHNER-LOCKE: Releases October 2005 Monthly Operating Reports
--------------------------------------------------------------
On Jan. 6, 2005, The Kushner-Locke Company and its debtor-
affiliates filed their unaudited October 2005 Monthly Operating
Reports with the U.S. Bankruptcy Court for the Central District of
California, Los Angeles Division.

For the month ending Oct. 31, 2005, The Kushner-Locke Company's
Profit & Loss Statement shows:

      Gross Profit                           $0
      Total Operating Expenses           70,723
      Total Non-Operating Expenses      317,096
      Net Income (Loss)               ($387,819)

For the period from Oct. 1, 2005, through Oct. 31, 2005, The
Kushner-Locke Company's Cash Receipts and Disbursements Report
shows:

                              Collateral    Concentration
                                Account        Account
                              ----------    -------------
      Beginning Balance       $1,936,940         $113,075
      Total Receipts               5,652          351,034
      Total Disbursements        350,000          387,768
      Ending Balance          $1,592,593          $76,341

Full-text copies of The Kushner-Locke Company's October 2005
Monthly Operating Reports are available at no charge at:

Profit & Loss Statement:

               http://ResearchArchives.com/t/s?4a9

Cash Receipts and Disbursements Report:

               http://ResearchArchives.com/t/s?4a8

Headquartered in Los Angeles, California, The Kushner-Locke
Company is a low-budget movie production studio.  The Company,
along with its debtor-affiliates filed for chapter 11 protection
on Nov. 21, 2001 in the U.S. Bankruptcy Court for the Central
District of California.  The cases are jointly administered under
case number 01-44828.


OWENS CORNING: Earns $7.75 Million For The Month of October 2005
----------------------------------------------------------------

                           Owens Corning
                           Balance Sheet
                       As of October 31, 2005
                           (In Thousands)

Current Assets:
    Cash and cash equivalents                           $894,811
    Receivables                                          468,101
    Receivables-Inter-company                          1,000,136
    Inventories                                          196,891
    Insurance for Asbestos Litigation Claims                   0
    Deferred Income Taxes                                    484
    Income Tax Receivable                                    926
    Other Current Assets                                  18,622
                                                     -----------
Total Current Assets                                  $2,579,971

Other Assets:
    Insurance for Asbestos Litigation Claims               4,220
    Restricted Cash                                      188,753
    Restricted cash and securities - Fibreboard                0
    Deferred Income Taxes                              1,045,526
    Goodwill                                              48,568
    Investment in Affiliates                              31,241
    Investment in Subsidiaries                         2,022,050
    Notes Receivable - Intercompany                        5,270
    Other Non-current Assets                             535,380
                                                     -----------
Total Other Assets                                     3,881,008

Plant & Equipment:
    Land                                                  34,668
    Buildings & Leasehold Improvements                   548,251
    Machinery & Equipment                              2,207,648
    Construction in Progress                             112,224
    Less: Accumulated Depreciation                     1,625,694
                                                     -----------
Net Plant and Equipment                                1,277,097
                                                     -----------
TOTAL ASSETS                                          $7,738,076
                                                     ===========

Liabilities not Subject to Compromise:
    Accounts Payable & Accrued Liabilities               596,509
    Accrued Post-Petition Interest                       537,970
    Inter-company Liabilities                          1,073,478
    Short-term debt                                            0
    Long-term debt - current portion                       1,367
                                                     -----------
Total Current Liabilities                              2,209,324

Long-Term Debt                                             9,518

Other:
Other Employee Benefits Liability                       230,351
Pension Plan Liability                                  617,609
Other Liability                                         165,888
                                                     -----------
Total Non-Current Liabilities                         1,013,848
                                                     -----------
Total Postpetition Liabilities                       3,1232,690


Prepetition Liabilities:
    Accounts Payable and Accrued Liabilities             259,115
    Other Employee Benefits Liability                    188,573
    Pension Plan Liability                                     0
    Debt-US Bank Credit Facility                       1,450,986
    Debt-Bonds & Other                                 1,501,119
    Asbestos-Related Liability                         6,166,734
    Inter-company                                      2,452,666
    Other                                                      0
                                                     -----------
Total Prepetition Liabilities                         12,021,693

Total Liabilities                                     15,251,883
Minority Interest                                              0

Stockholder's Equity:
    Common Stock                                         697,298
    Retained Earnings (Deficit)                       (7,880,579)
    Accumulated Comprehensive Income (Loss)               (6,315)
    Other                                               (324,211)
                                                     -----------
Net Stockholder's Equity                              (7,513,807)
                                                     -----------
TOTAL LIABILITIES & STOCKHOLDER'S EQUITY              $7,738,076
                                                     ===========

                           Owens Corning
                      Statement of Operations
               For the Month Ended October 31, 2005
                           (In Thousands)

Net sales                                               $427,635
Cost of Sales                                            350,428
                                                     -----------
Gross Margin                                              77,210

Operating Expenses:
    Marketing and Administrative Expenses                 32,528
    Science and Technology Expenses                        1,806
    Provision for Asbestos Litigation Claims                   0
    Insider Compensation                                     810
    Restructure Costs                                          0
    Other Expenses                                         3,058
                                                     -----------
Income (Loss) from Operations                             39,008

Other Expenses:
    Cost of Borrowed Funds                                    95
    Other                                                      0
                                                     -----------
Income (Loss) Before Reorganization Items                 38,913
Reorganization Items:
    Professional Fees                                      3,734
    U.S. Trustee Quarterly Fees                               20
    Interest Earned on Accumulated Cash from Chapter 11   (1,777)
    (Gain) Loss from sale of equipment                         0
    (Gain) Loss from Settlement of Liabilities                 0
    Other Reorganization Expenses                          2,469
                                                     -----------
Total Reorganization Expenses                              4,447
                                                     -----------
Income (Loss) Before Income Taxes                         34,466
Provision (credit) for Income Tax                         26,697
                                                     ------------
Income (Loss) Before Minority Interest and
    Equity in Net Income (Loss) of Affiliates              7,769
Minority interest                                              0
Equity in net income (loss) of affiliates                    (18)
                                                     -----------
Net Income (Loss)                                         $7,751
                                                     ===========

                           Owens Corning
             Statement of Cash Receipts & Disbursements
               For the Month Ended October 31, 2005
                           (In Thousands)

Cash, Beginning of Month                                 $15,570

Receipts:
    Customer Receipts                                    373,099
    Inter-company Sales                                    2,329
    Loans and Advances                                         0
    Sale of Assets                                             0
    Other Receipts                                         3,273
    Inter-company Transfers                              115,327
    Transfers from DIP                                    84,700
                                                     -----------
Total Receipts                                          $578,727

Disbursements:
    Net Payroll                                              117
    Payroll Taxes                                             30
    Sales Use & Other Taxes                                6,373
Inventory Purchases                                      129,171
    Insurance                                              3,397
    Administrative & Selling                              55,564
    Other                                                106,886
    Inter-company Transfers                               88,228
    Transfers to DIP                                     178,323
    Professional Fees                                      4,043
    U.S. Trustee Quarterly Fees                               39
    Court costs                                                0
    Adjustment                                                 0
                                                     -----------
Total Disbursements                                     $572,171
Net Cash Flow                                              6,556
                                                     -----------
Cash -- End of Month                                     $22,127
                                                     ===========

Owens Corning -- http://www.owenscorning.com/-- manufactures
fiberglass insulation, roofing materials, vinyl windows and
siding, patio doors, rain gutters and downspouts.  Headquartered
in Toledo, Ohio, the Company filed for chapter 11 protection on
October 5, 2000 (Bankr. Del. Case. No. 00-03837).  Mark S. Chehi,
Esq., at Skadden, Arps, Slate, Meagher & Flom, represents the
Debtors in their restructuring efforts.  (Owens Corning Bankruptcy
News, Issue No. 124; Bankruptcy Creditors' Service, Inc.,
215/945-7000)


OWENS CORNING: Posts $4.58 Million Net Loss in November 2005
------------------------------------------------------------

                           Owens Corning
                Balance Sheet (Liabilities & Equity)
                       As of November 30, 2005
                           (In Thousands)

Liabilities not Subject to Compromise:
    Accounts Payable & Accrued Liabilities               610,711
    Accrued Post-Petition Interest                       537,970
    Inter-company Liabilities                          1,096,604
    Short-term debt                                            0
    Long-term debt - current portion                       1,367
                                                     -----------
Total Current Liabilities                              2,246,652

Long-Term Debt                                             9,473

Other:
Other Employee Benefits Liability                        234,017
Pension Plan Liability                                   617,604
Other Liability                                          165,774
                                                     -----------
Total Non-Current Liabilities                          1,017,395
                                                     -----------
Total Postpetition Liabilities                         3,273,520

Prepetition Liabilities:
    Accounts Payable and Accrued Liabilities             252,707
    Other Employee Benefits Liability                    186,340
    Pension Plan Liability                                     0
    Debt-US Bank Credit Facility                       1,450,986
    Debt-Bonds & Other                                 1,501,073
    Asbestos-Related Liability                         6,166,734
    Inter-company                                      2,452,666
    Other                                                      0
                                                     -----------
Total Prepetition Liabilities                         12,010,506

Total Liabilities                                     15,284,026
Minority Interest                                              0

Stockholder's Equity:
    Common Stock                                         697,298
    Retained Earnings (Deficit)                       (7,885,158)
    Accumulated Comprehensive Income (Loss)               (6,607)
    Other                                               (319,812)
                                                     -----------
Net Stockholder's Equity                              (7,514,279)
                                                     -----------
TOTAL LIABILITIES & STOCKHOLDER'S EQUITY              $7,769,747
                                                     ===========

                           Owens Corning
                      Statement of Operations
               For the Month Ended November 30, 2005
                           (In Thousands)

Net sales                                               $397,305
Cost of Sales                                            334,605
                                                     -----------
Gross Margin                                              62,700

Operating Expenses:
    Marketing and Administrative Expenses                 37,643
    Science and Technology Expenses                        2,637
    Provision for Asbestos Litigation Claims                   0
    Insider Compensation                                     823
    Restructure Costs                                          0
    Other Expenses                                         6,857
                                                     -----------
Income (Loss) from Operations                             14,739

Other Expenses:
    Cost of Borrowed Funds                                   293
    Other                                                      0
                                                     -----------
Income (Loss) Before Reorganization Items                 14,446
Reorganization Items:
    Professional Fees                                      2,869
    U.S. Trustee Quarterly Fees                                0
    Interest Earned on Accumulated Cash from Chapter 11   (2,105)
    (Gain) Loss from sale of equipment                         0
    (Gain) Loss from Settlement of Liabilities                 0
    Other Reorganization Expenses                          2,285
                                                     -----------
Total Reorganization Expenses                              3,049
                                                     -----------
Income (Loss) Before Income Taxes                         11,397
Provision (credit) for Income Tax                         15,958
                                                    ------------
Income (Loss) Before Minority Interest and
    Equity in Net Income (Loss) of Affiliates             (4,561)
Minority interest                                              0
Equity in net income (loss) of affiliates                    (18)
                                                     -----------
Net Income (Loss)                                        ($4,579)
                                                     ===========

                           Owens Corning
             Statement of Cash Receipts & Disbursements
               For the Month Ended November 30, 2005
                           (In Thousands)

Cash, Beginning of Month                                 $22,127

Receipts:
    Customer Receipts                                    400,728
    Inter-company Sales                                    1,171
    Loans and Advances                                         0
    Sale of Assets                                             0
    Other Receipts                                        25,316
    Inter-company Transfers                              113,129
    Transfers from DIP                                    69,600
                                                     -----------
Total Receipts                                          $609,945

Disbursements:
    Net Payroll                                               76
    Payroll Taxes                                            204
    Sales Use & Other Taxes                                6,161
Inventory Purchases                                      147,823
    Insurance                                              6,539
    Administrative & Selling                              57,849
    Other                                                118,864
    Inter-company Transfers                               84,649
    Transfers to DIP                                     198,448
    Professional Fees                                      6,123
    U.S. Trustee Quarterly Fees                                0
    Court costs                                                0
    Adjustment                                                 0
                                                     -----------
Total Disbursements                                     $626,737
Net Cash Flow                                            (16,792)
                                                     -----------
Cash -- End of Month                                      $5,334
                                                     ===========

Papers filed with the Bankruptcy Court did not include a
breakdown of Owens Corning's assets in the Balance Sheet as of
Nov. 30, 2005.

Owens Corning -- http://www.owenscorning.com/-- manufactures
fiberglass insulation, roofing materials, vinyl windows and
siding, patio doors, rain gutters and downspouts.  Headquartered
in Toledo, Ohio, the Company filed for chapter 11 protection on
October 5, 2000 (Bankr. Del. Case. No. 00-03837).  Mark S. Chehi,
Esq., at Skadden, Arps, Slate, Meagher & Flom, represents the
Debtors in their restructuring efforts.  (Owens Corning Bankruptcy
News, Issue No. 124; Bankruptcy Creditors' Service, Inc.,
215/945-7000)


XYBERNAUT CORP: Posts $975,181 Net Loss in December 2005
--------------------------------------------------------
On Jan. 18, 2005, Xybernaut Corporation filed its monthly
operating report for the month of December 2005 with the U.S.
Bankruptcy Court for the Eastern District of Virginia, Alexandria
Division.

The company reported a $975,181 net loss on $86,304 of revenue
for the month of December 2005.

At Dec. 31, 2005, the Company's balance sheet reflects:

      Total Assets                        $4,004,020
      Total Liabilities                    4,112,500
      Stockholders' Equity Deficit         ($108,480)

A full-text copy of Xybernaut Corporation's December 2005 Monthly
Operating Report is available at no charge at
http://ResearchArchives.com/t/s?4ac

The Company's affiliate, Xybernaut Solutions, Inc., also filed its
monthly operating report for the month of December 2005 with the
U.S. Bankruptcy Court for the Eastern District of Virginia.

A full-text copy of Xybernaut Solution Inc.'s December 2005
Monthly Operating Report is available at no charge at
http://ResearchArchives.com/t/s?4ad

Headquartered in Fairfax, Virginia, Xybernaut Corporation,
develops and markets small, wearable, mobile computing and
communications devices and a variety of other innovative products
and services all over the world.  The corporation never turned a
profit in its 15-year history.  The Company and its affiliate,
Xybernaut Solutions, Inc., filed for chapter 11 protection on
July 25, 2005 (Bankr. E.D. Va. Case Nos. 05-12801 and 05-12802).
John H. Maddock III, Esq., at McGuireWoods LLP, represents the
Debtors in their chapter 11 proceedings.  When the Debtors filed
for protection from their creditors, they listed $40 million in
total assets and $3.2 million in total debts.

                             *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers'
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.  
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

A list of Meetings, Conferences and Seminars appears in each
Wednesday's edition of the TCR. Submissions about insolvency-
related conferences are encouraged.  Send announcements to
conferences@bankrupt.com

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

For copies of court documents filed in the District of Delaware,
please contact Vito at Parcels, Inc., at 302-658-9911.  For
bankruptcy documents filed in cases pending outside the District
of Delaware, contact Ken Troubh at Nationwide Research &
Consulting at 207/791-2852.

                             *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published by  
Bankruptcy Creditors' Service, Inc., Fairless Hills, Pennsylvania,  
USA, and Beard Group, Inc., Frederick, Maryland, USA.  Yvonne L.  
Metzler, Emi Rose S.R. Parcon, Rizande B. Delos Santos, Jazel P.
Laureno, Cherry A. Soriano-Baaclo, Marjorie C. Sabijon, Terence
Patrick F. Casquejo, Christian Q. Salta, Jason A. Nieva, Lucilo
Junior M. Pinili, Tara Marie A. Martin and Peter A. Chapman,
Editors.

Copyright 2006.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $725 for 6 months delivered via e-
mail. Additional e-mail subscriptions for members of the same firm
for the term of the initial subscription or balance thereof are
$25 each.  For subscription information, contact Christopher Beard
at 240/629-3300.


                    *** End of Transmission ***