EX-99.1 3 g77047exv99w1.txt EX-99.1 MONTHLY OPERATING REPORTS OF WORLD ACCESS EXHIBIT 99.1 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS SUMMARY OF CASH RECEIPTS AND CASH DISBURSEMENTS For the Month Ending: January 31, 2002 BEGINNING BALANCE IN ALL ACCOUNTS $27,550,400.98 Add/(Subtract) Reconciliation Errors $ (102,242.94) -------------- Adjusted beginning balance in all accounts $27,448,158.04 RECEIPTS: 1. Receipts from Operations $ -- 2. Other Receipts $ 84,801.81 Other receipts (Received on behalf of Affiliates) $ 182,220.26 -------------- TOTAL RECEIPTS $ 267,022.07 DISBURSEMENTS 3. Net Payroll a. Officers $ 50,873.24 b. Others $ 110,681.43 4. Taxes a. Federal Income Taxes $ 47,467.95 b. FICA Withholdings $ 18,310.89 c. Employee's withholdings $ -- d. Employer's FICA $ 18,310.88 e. Federal Unemployment Taxes $ 821.55 f. State Income Tax $ 8,680.03 g. State Employee withholdings $ 509.27 h. All other state taxes $ 3,710.62 5. Necessary Expenses a. Rent or mortgage payment(s) $ -- b. Utilities $ 12,974.70 c. Insurance $ 2,639.00 d. Merchandise bought for manufacture or sell $ -- e. Other necessary expenses Professional and Bankruptcy Court Related Fees and Expenses $ 671,636.16 Employee Expenses $ 11,437.11 Office Supplies & Expenses $ 3,406.76 Other $ 4,087.00 -------------- TOTAL DISBURSEMENTS $ 965,546.59 Add: Disbursements made on behalf of Parent or Affiliates $ 212,180.95 -------------- ADJUSTED TOTAL DISBURSEMENTS $ 1,177,727.54 -------------- NET RECEIPTS (DISBURSEMENTS) FOR THE CURRENT PERIOD $ (910,705.47) NET INTERCOMPANY SWEEPS/TRANSFERS - World Access Telecom Group $ -- NET INTERCOMPANY SWEEPS/TRANSFERS - Facilicom International, L.L.C $ -- NET INTERCOMPANY SWEEPS/TRANSFERS - WA Telecom Products Co., Inc. $ -- NET INTERCOMPANY SWEEPS/TRANSFERS - WorldXchange $ -- -------------- NET INTERCOMPANY SWEEPS/TRANSFERS - CURRENT PERIOD $ -- -------------- ENDING BALANCE IN Bank of America - Master 03751046297 $ 300,691.82 ENDING BALANCE IN Bank of America - Disbursement 03299976144 $ (129,764.42) ENDING BALANCE IN Bank of America - Payroll 03299944407 $ 83,699.01 ENDING BALANCE IN Bank of America - Payroll Taxes 03751301149 $ 101,588.24 ENDING BALANCE IN Bank of America - Unemp. Benefit 03751255062 $ 9,800.57 ENDING BALANCE IN Bank of America - Flex Spending 03751039615 $ 2,131.71 ENDING BALANCE IN Bank of America - Money Market 851018 $19,712,268.04 ENDING BALANCE IN Deustch Bank - S/T Investment 206-19648 $ 5,118,641.69 ENDING BALANCE IN Bank of America - Restricted Cash $ 1,333,333.95 ENDING BALANCE IN Wells Fargo - Restricted Cash 699-3295970 $ 71.96 ENDING BALANCE IN Chase Manhattan Bank - FISC 719-1-362214 $ 4,990.00 -------------- ENDING BALANCE IN ALL ACCOUNTS $26,537,452.57 ==============
OPERATING REPORT Page 1 IN THE UNITED STATES COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS RECEIPTS LISTING For the Month Ending: January 31, 2002 Bank: Bank of America Location: Dallas, TX Account Name: Master Account Account Number: 03751046297
DATE RECEIVED DESCRIPTION AMOUNT ------------- ----------- ------ 1/16/2002 Radiant Telecom (FCI Receivable) $125,000.00 1/16/2002 Texcom USA (FCI Receivable) $ 8,500.00 1/16/2002 Aprize Satellite (Cobra) $ 493.84 1/16/2002 GA Dept. of Revenue (WXC Refund) $ 497.00 1/16/2002 Martha Hernandez (Cobra) $ 223.07 1/16/2002 Daniel Menken (Cobra) $ 664.14 1/16/2002 Utility.com (FCI Receivable) $ 15,464.64 1/16/2002 State of Maryland (2000 Refund) $ 37,715.87 1/16/2002 GA Dept. of Revenue (2000 Refund) $ 730.00 1/16/2002 Stancorp Financial Group (WXC Dividend) $ 12.08 1/16/2002 Metlife (Interest Disbursement) $ 2.00 1/16/2002 American Express (Deposit refund) $ 200.00 1/16/2002 U.S. Treasury (Cherry Comm. Refund) $ 15,876.29 1/16/2002 Europa Telecommunications (FCI Receivable) $ 16,870.25 ----------- Total $222,249.18 Less: Receipts from or on behalf of Parent or Affiliates Facilicom International, LLC 1/16/2002 Radiant Telecom (FCI Receivable) $125,000.00 1/16/2002 Texcom USA (FCI Receivable) $ 8,500.00 1/16/2002 Utility.com (FCI Receivable) $ 15,464.64 1/16/2002 U.S. Treasury (Cherry Comm. - FCI) $ 15,876.29 1/16/2002 Europa Telecommunications (FCI Receivable) $ 16,870.25 Worldxchange 1/16/2002 GA Dept. of Revenue (WXC Refund) $ 497.00 1/16/2002 Stancorp Financial Group (WXC Dividend) $ 12.08 ----------- 182,220.26 ----------- Total WAXS Receipts 40,028.92 ===========
OPERATING REPORT Page 2 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS RECEIPTS LISTING For the Month Ending: January 31, 2002 Bank: Wells Fargo Location: Minneapolis, MN Account Name: Restricted Cash Account Number: 699-3295970
DATE RECEIVED DESCRIPTION AMOUNT ------------- ----------- ------ 1/31/2002 Interest Received $ 0.01 ------ Total WAXS Receipts $ 0.01 ======
OPERATING REPORT Page 3 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS RECEIPTS LISTING For the Month Ending: January 31, 2002 Bank: Bank of America (Nations Funds) Location: Charlotte, NC Account Name: Money Market Account Number: 851018
DATE RECEIVED DESCRIPTION AMOUNT ------------- ----------- ------ 1/31/2002 Interest Received - Strat Cash Fund $ 33,549.65 1/31/2002 Interest Received - Money Market Fund $ 2,170.82 ----------- Total WAXS Receipts $ 35,720.47 ===========
OPERATING REPORT Page 4 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS RECEIPTS LISTING For the Month Ending: January 31, 2002 Bank: Deutsche Bank Alex. Brown Location: Baltimore, MD Account Name: Investment Account Account Number: 206-19648
DATE RECEIVED DESCRIPTION AMOUNT ------------- ----------- ------ 1/31/2001 Interest Received $ 9,052.41 ---------- Total WAXS Receipts $ 9,052.41 ==========
OPERATING REPORT Page 5 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS DISBURSEMENT LISTING For the Month Ending: January 31, 2002 Bank: Bank of America Location: Dallas, TX Account Name: Master Account Account Number: 03751046297
DATE DISBURSED DESCRIPTION AMOUNT -------------- ----------- ------ 1/2/2002 Mike Mies (Wire payroll - check lost) $5,193.96 1/3/2002 Bank Fee $ 30.00 1/7/2002 Ascom Hasler (Postage) $ 500.00 1/28/2002 Ascom Hasler (Postage) $ 500.00 --------- Total WAXS Disbursements $6,223.96 =========
OPERATING REPORT Page 6 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS DISBURSEMENT LISTING For the Month Ending: January 31, 2002 Bank: Bank of America Location: Dallas, TX Account Name: Corporate Disbursement Account Number: 03299976144
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT -------------- ------------ ----------- ------ 1/4/2002 34785 CT Corporation (Registration Fees - FL/NY) $ 1,059.50 1/4/2002 34786 Debra Dawn, ESQ. (Filing Fee Reimbursal) $ 2,508.61 1/4/2002 34787 Mark Warner (Contract Tax) $ 1,105.00 1/5/2002 34788 North Atl. Realty (WATP Rent) $ 30,412.76 1/11/2002 34789 Vanguard Archives (Primetec Storage) $ 33.00 1/11/2002 34790 San Diego Gas & Electric (Utilities) $ 403.60 1/11/2002 34791 Central Parking (Atl. Parking Deck) $ 385.00 1/11/2002 34792 Continental Stock & Transfer (Office Exp) $ 872.49 1/11/2002 34793 Debra Dawn, ESQ. (Filing Fee Reimbursal) $ 3,386.87 1/11/2002 34794 Federal Express (Shipping) $ 109.84 1/11/2002 34795 Gardner Carlton & Douglas (Prof. Fees) $ 13,255.34 1/11/2002 34796 Bob Holloway (Expense Reimbursement) $ 1,584.14 1/11/2002 34797 Katten Muchin & Zavis (Prof. Fees) $240,830.43 1/11/2002 34798 MCI Worldcom (Telephone) $ 2,286.32 1/11/2002 34799 MCI Worldcom (Telephone) $ 3,343.85 1/11/2002 34800 Mike Mies (Expense Reimbursement) $ 270.32 1/11/2002 34801 Milbank Tweed Hadley & McCloy (Prof. Fees) $ 31,533.22 1/11/2002 34802 Poorman-Douglas (Mailings - Prof. Fees) $ 28,552.96 1/11/2002 34803 PriceWaterhouse Coopers (Prof. Fees) $ 57,887.09 1/11/2002 34804 Kamran Saeed (Contract IT) $ 450.00 1/11/2002 34805 Velocity Express (Shipping) $ 15.44 1/11/2002 34806 Winstead Sechrest & Minick (Prof. Fees) $ 1,688.13 1/11/2002 34807 Pacific Bell (Telephone) $ 1,307.81 1/11/2002 34808 South Coast Building Svc (Cleaning Service) $ 462.00 1/14/2002 34809 City Treasurer (Alarm Permit) $ 95.00 1/14/2002 34810 Latham & Wadkins (Prof. Fees) $ 22,846.50 1/18/2002 34811 Airborne Express (Shipping) $ 34.78 1/18/2002 34812 Atlanta Journal Constitution (Newspaper Sub.) $ 72.69 1/18/2002 34813 Debra Dawn, ESQ. (Filing Fee Reimbursal) $ 1,814.56 1/18/2002 34814 Delaware Sec. Of State (Annual Franchise Fee) $ 107.50 1/18/2002 34815 Federal Express (Shipping) $ 247.98 1/18/2002 34816 GE Capital (Copier Lease) $ 575.72 1/18/2002 34817 MCI Worldcom (Telephone) $ 777.05 1/18/2002 34818 Nextel Communications (Telephone) $ 2,375.33 1/18/2002 34819 Kamran Saeed (Contract IT) $ 450.00 1/18/2002 34820 Sean Moore (Contract IT) $ 425.00 1/25/2002 34821 Vanguard Archives (Primetec Storage) $ 641.48 1/25/2002 34822 COS Financial (FCI - Fax Lease) $ 140.64 1/25/2002 34823 Coleman Technologies (Internet Access) $ 150.00 1/25/2002 34824 Debra Dawn, ESQ. (Filing Fee Reimbursal) $ 754.74 1/25/2002 34825 Federal Express (Shipping) $ 202.63 1/25/2002 34826 IBM Corporation (Help Desk Fees) $ 15,275.81 1/25/2002 34827 Judco Mgmt (FCI - JD Edwards Access) $ 8,625.00 1/25/2002 34828 Liberty Mutual (Insurance) $ 2,639.00 1/25/2002 34829 Henry Lyon (Expense Reimbursements) $ 732.87 1/25/2002 34830 MCI Worldcom (Telephone) $ 503.71 1/25/2002 34831 Kamran Saeed (Contract IT) $ 450.00
OPERATING REPORT Page 7 Page 1 of 4 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS DISBURSEMENT LISTING For the Month Ending: January 31, 2002 Bank: Bank of America Location: Dallas, TX Account Name: Corporate Disbursement Account Number: 03299976144
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT -------------- ------------ ----------- ------ 1/25/2002 34832 BellSouth (Telephone) $ 1,977.03 1/29/2002 34834 Katten Muchin & Zavis (Prof. Fees) $276,730.62 1/28/2002 34833 New Jersey Dept. of Revenue (WXC Tax) $ 51,788.79 1/31/2002 34835 City of Alameda (WXC Tax) $ 130.51 1/31/2002 34836 City of Alameda (WXC Tax) $ 125.51 1/31/2002 34837 City of Albany (WXC Tax) $ 35.17 1/31/2002 34838 City of Alhambra (WXC Tax) $ 140.73 1/31/2002 34839 City of Arcadia (WXC Tax) $ 62.91 1/31/2002 34840 Arizona Dept. of Revenue (WXC Tax) $ 665.99 1/31/2002 34841 City of Arvada (WXC Tax) $ 137.41 1/31/2002 34842 City of Baldwin (WXC Tax) $ 25.35 1/31/2002 34843 City of Bellflo (WXC Tax) $ 26.44 1/31/2002 34844 City of Berkeley (WXC Tax) $ 316.78 1/31/2002 34845 City of Boulder (WXC Tax) $ 18.76 1/31/2002 34846 City of Calabas (WXC Tax) $ 27.16 1/31/2002 34847 City of Chico (WXC Tax) $ 5.14 1/31/2002 34848 City of Chula Vista (WXC Tax) $ 12.04 1/31/2002 34849 City of Claremo (WXC Tax) $ 44.28 1/31/2002 34850 Colorado Dept of Revenue (WXC Tax) $ 618.36 1/31/2002 34851 City of Commerce (WXC Tax) $ 5.17 1/31/2002 34853 City of Santa Clara (WXC Tax) $ 44.19 1/31/2002 34854 County of Santa Clara (WXC Tax) $ 13.26 1/31/2002 34855 City of Clulver (WXC Tax) $ 159.53 1/31/2002 34856 City of Cuperti (WXC Tax) $ 34.04 1/31/2002 34857 City of Dali City (WXC Tax) $ 208.74 1/31/2002 34858 City of Denver (WXC Tax) $ 58.68 1/31/2002 34859 City of El Cerr (WXC Tax) $ 115.83 1/31/2002 34860 City of El Mont (WXC Tax) $ 39.94 1/31/2002 34861 City of Emeryvillage (WXC Tax) $ 17.42 1/31/2002 34862 City of Fairfield (WXC Tax) $ 19.60 1/31/2002 34863 City of Flagstaff (WXC Tax) $ 8.03 1/31/2002 34864 City of Fontana (WXC Tax) $ 22.66 1/31/2002 34865 City of Glendale (WXC Tax) $ 73.10 1/31/2002 34866 City of Grand Junction (WXC Tax) $ 33.22 1/31/2002 34867 City of Greeley (WXC Tax) $ 32.49 1/31/2002 34868 City of Hawthorne (WXC Tax) $ 41.70 1/31/2002 34869 City of Hermosa (WXC Tax) $ 41.59 1/31/2002 34870 City of Hunting (WXC Tax) $ 60.92 1/31/2002 34871 City of Inglewood (WXC Tax) $ 153.12 1/31/2002 34872 Kansas Dept. of Revenue (WXC Tax) $ 2,676.34 1/31/2002 34873 City of Lafayette (WXC Tax) $ 63.25 1/31/2002 34874 City of La Habr (WXC Tax) $ 10.69 1/31/2002 34875 City of Lawndale (WXC Tax) $ 23.51 1/31/2002 34876 City of Littleton (WXC Tax) $ 9.26 1/31/2002 34877 City of Long Beach (WXC Tax) $ 436.41 1/31/2002 34878 City of Los Alamos (WXC Tax) $ 7.26 1/31/2002 34879 City of Los Angeles (WXC Tax) $ 9,382.70 1/31/2002 34880 County of Los Angeles (WXC Tax) $ 481.57
OPERATING REPORT Page 7 Page 2 of 4 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS DISBURSEMENT LISTING For the Month Ending: January 31, 2002 Bank: Bank of America Location: Dallas, TX Account Name: Corporate Disbursement Account Number: 03299976144
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT -------------- ------------ ----------- ------ 1/31/2002 34881 City of Loveland (WXC Tax) $ 20.92 1/31/2002 34882 City of Malibu (WXC Tax) $ 17.48 1/31/2002 34883 Commonwealth of Kentucky (WXC Tax) $ 18,618.72 1/31/2002 34884 City of Mesa (WXC Tax) $ 7.07 1/31/2002 34885 State of Michigan (WXC Tax) $ 5,852.52 1/31/2002 34886 Minnesota Dept. of Revenue (WXC Tax) $ 1,556.61 1/31/2002 34887 State of Mississippi (WXC Tax) $ 1,022.51 1/31/2002 34888 City of Montreal (WXC Tax) $ 38.16 1/31/2002 34890 City of Santa M (WXC Tax) $ 379.60 1/31/2002 34891 City of Mountai (WXC Tax) $ 19.58 1/31/2002 34892 State of New Hampshire (WXC Tax) $ 2,055.79 1/31/2002 34893 City of Northgl (WXC Tax) $ 48.80 1/31/2002 34894 City of Norwalk (WXC Tax) $ 67.67 1/31/2002 34895 City of Oakland (WXC Tax) $ 653.04 1/31/2002 34896 State of Ohio (WXC Tax) $ 10,003.37 1/31/2002 34897 City of Palo Alto (WXC Tax) $ 23.11 1/31/2002 34898 City of Paramount (WXC Tax) $ 6.33 1/31/2002 34899 City of Pasadena (WXC Tax) $ 318.74 1/31/2002 34900 PA Department of Revenue (WXC Tax) $ 11,000.89 1/31/2002 34901 City of Phoenix (WXC Tax) $ 78.70 1/31/2002 34902 City of Pomona (WXC Tax) $ 88.16 1/31/2002 34903 City of Prescot (WXC Tax) $ 7.85 1/31/2002 34904 City of Pueblo (WXC Tax) $ 24.88 1/31/2002 34905 City of Redondo (WXC Tax) $ 81.29 1/31/2002 34906 City of Redmond (WXC Tax) $ 14.27 1/31/2002 34907 State of Rhode Island (WXC Tax) $ 1,403.67 1/31/2002 34908 City of Richmond (WXC Tax) $ 311.13 1/31/2002 34909 City of Riverside (WXC Tax) $ 19.81 1/31/2002 34910 City of Santa R (WXC Tax) $ 6.56 1/31/2002 34911 City of San Bernadino (WXC Tax) $ 17.56 1/31/2002 34912 City of San Bue (WXC Tax) $ 8.04 1/31/2002 34913 City of Sacramento (WXC Tax) $ 495.17 1/31/2002 34914 County of Sacramento (WXC Tax) $ 281.85 1/31/2002 34915 City/Cnty of San (WXC Tax) $ 95.97 1/31/2002 34916 City of San Mar (WXC Tax) $ 8.43 1/31/2002 34917 City of San Lea (WXC Tax) $ 51.07 1/31/2002 34918 City of Santa B (WXC Tax) $ 10.61 1/31/2002 34919 City of Seal Be (WXC Tax) $ 8.74 1/31/2002 34920 City of Stanton (WXC Tax) $ 12.57 1/31/2002 34921 City of Stockton (WXC Tax) $ 133.86 1/31/2002 34922 City of Sunnyville (WXC Tax) $ 16.02 1/31/2002 34923 Tennessee Dept. of Revenue (WXC Tax) $ 5,272.54 1/31/2002 34924 Comptroller of Texas (WXC Tax) $ 3,823.67 1/31/2002 34925 State Treasurer (WXC Tax) $ 20,308.12 1/31/2002 34926 City of Torrance (WXC Tax) $ 143.51 1/31/2002 34927 City of Tucson (WXC Tax) $ 39.10 1/31/2002 34928 Utah State Tax (WXC Tax) $ 687.70 1/31/2002 34929 City of Vallejo (WXC Tax) $ 48.98
OPERATING REPORT Page 7 Page 3 of 4 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS DISBURSEMENT LISTING For the Month Ending: January 31, 2002 Bank: Bank of America Location: Dallas, TX Account Name: Corporate Disbursement Account Number: 03299976144
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT -------------- ------------ ----------- ------ 1/31/2002 34930 State of Vermont (WXC Tax) $ 636.24 1/31/2002 34931 City of Westminster (WXC Tax) $ 18.34 1/31/2002 34932 City of Woodland (WXC Tax) $ 5.54 ----------- Total $916,715.77 Less: Disbursements made to or on behalf of Parent or Affiliates. WA Telecom Products Co., Inc. 1/5/2002 34788 North Atl. Realty (WATP Rent) $ 30,412.76 1/18/2002 34816 GE Capital (Copier Lease) $ 575.72 Facilicom 1/25/2002 34822 COS Financial (FCI - Fax Lease) $ 140.64 1/25/2002 34827 Judco Mgmt (FCI - JD Edwards Access) $ 8,625.00 World Access Telecommunication Group, Inc. 1/11/2002 34789 Vanguard Archives (Primetec Storage) $ 33.00 1/11/2002 34806 Winstead Sechrest & Minick (Prof. Fees) $ 1,688.13 1/25/2002 34821 Vanguard Archives (Primetec Storage) $ 641.48 WorldxChange 1/11/2002 34808 South Coast Building Svc (Cleaning Service) $ 462.00 1/25/2002 34826 IBM Corporation (Help Desk Fees) $ 15,275.81 1/31/2002 34833 - 34932 WXC Tax Checks $154,326.41 ----------- Total Affiliate Payments $212,180.95 ----------- Total WAXS Disbursements $704,534.82 ===========
OPERATING REPORT Page 7 Page 4 of 4 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS DISBURSEMENT LISTING For the Month Ending: January 31, 2002 Bank: Bank of America Location: Dallas, TX Account Name: Payroll Account Account Number: 03299944407
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT -------------- ------------ ----------- ------ 1/3/2002 Multiple Payroll Checks $ 47,965.32 1/17/2002 Multiple Payroll Checks $ 44,338.86 1/31/2002 Multiple Payroll Checks $ 64,056.53 ----------- Total WAXS Disbursements $156,360.71 ===========
OPERATING REPORT Page 8 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS DISBURSEMENT LISTING For the Month Ending: January 31, 2002 Bank: Bank of America Location: Dallas, TX Account Name: Payroll Account Account Number: 0751301149
DATE DISBURSED DESCRIPTION AMOUNT -------------- ----------- ------ 1/3/2002 ADP - Payroll Tax Withholdings $34,297.12 1/17/2002 ADP - Payroll Tax Withholdings $25,280.39 1/31/2002 ADP - Payroll Tax Withholdings $38,233.68 1/31/2002 ADP - Payroll Processing Fees $ 605.91 ---------- Total WAXS Disbursements $98,417.10 ==========
OPERATING REPORT Page 9 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS DISBURSEMENTS LISTING For the Month Ending: January 31, 2002 Bank: Wells Fargo Location: Minneapolis, MN Account Name: Restricted Cash Account Number: 699-3295970
DATE RECEIVED DESCRIPTION AMOUNT ------------- ----------- ------ 1/31/2002 Bank Fee $10.00 ------ Total WAXS Disbursements $10.00 ======
OPERATING REPORT Page 10 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS For the Month Ending: January 31, 2002
STATEMENT OF INVENTORY ---------------------- Beginning Inventory $ -- Add: purchases $ -- Less: goods sold $ -- ----------- Ending inventory $ -- =========== PAYROLL INFORMATION STATEMENT ----------------------------- Gross payroll for this period $259,365.86 Payroll taxes due but unpaid $ --
STATUS OF PAYMENTS TO SECURED CREDITORS AND LESSORS
DATE REGULAR AMOUNT OF NUMBER OF AMOUNT OF NAME OF CREDITOR/LESSOR PAYMENT IS DUE REGULAR PAYMENT PAYMENTS DELINQUENT PAYMENTS DELINQUENT ----------------------- -------------- --------------- ------------------- ------------------- Xerox Corporation Monthly $ 1,247.84 8 $ 9,982.72
OPERATING REPORT Page 11 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS For the Month Ending: January 31, 2002 STATEMENT OF AGED RECEIVABLES
ACCOUNTS RECEIVABLE 3RD PARTY INTERCOMPANY TOTAL --------- ------------ ----- Beginning of month balance $ -- $11,970,519.24 $11,970,519.24 Add: sales on account $ -- $ -- $ -- expenses paid for affiliate $ -- $ 212,180.95 $ 212,180.95 cash advanced to affiliate $ -- $ -- $ -- Less: collections $ -- $ -- $ -- ---- -------------- -------------- End of month balance $ -- $12,182,700.19 $12,182,700.19 ==== ============== ==============
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total --------- ---------- ---------- ------------ ------------------ $ -- $ -- $ -- $ -- $ --
STATEMENT OF ACCOUNTS PAYABLE (POST-PETITION)
3RD PARTY INTERCOMPANY TOTAL ------------- -------------- -------------- Beginning of month balance $1,571,200.98 $16,520,549.32 $18,091,750.30 Add: sales on account $1,199,393.87 $ -- $ 1,199,393.87 Cash received on behalf of Affiliate $ -- $ 182,220.26 $ 182,220.26 Cash received from Affiliate $ -- $ -- $ -- Less: payments $ (965,546.59) $ -- $ (965,546.59) ------------- -------------- -------------- End of month balance $1,805,048.26 $16,702,769.58 $18,507,817.84 ============= ============== ==============
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total --------- ---------- ---------- ------------ ------------------ $876,629.59 $248,812.13 $154,082.83 $525,523.71 $1,805,048.26
OPERATING REPORT Page 12 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS For the Month Ending: January 31, 2002 TAX QUESTIONNAIRE Debtors in possession and trustees are required to pay all taxes incurred after the filing of their Chapter 11 petition on an as due basis. Please indicate whether the following post petition taxes or withholdings have been paid currently. 1. Federal income taxes Yes [X] No [ ] 2. FICA withholdings Yes [X] No [ ] 3. Employee's withholdings Yes [X] No [ ] 4. Employer's FICA Yes [X] No [ ] 5. Federal unemployment taxes Yes [X] No [ ] 6. State income tax Yes [X] No [ ] 7. State employee withholdings Yes [X] No [ ] 8. All other state taxes See Note Below If any of the above have not been paid, state below the tax not paid, the amounts past due and the date of the last payment. Note to Item 8: The Debtor may have personal property subject to tax in various jurisdictions throughout the United States. No expense has been accrued or paid for any such potential post-petition claims. OPERATING REPORT Page 13 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION DECLARATION UNDER PENALTY OF PERJURY I, Henry C. Lyon, acting as the duly authorized agent for the Debtor in Possession declare under penalty of perjury under the laws of the United States that I have read and I certify that the figures, statements, disbursement itemizations, and account balances as listed in this Monthly Report of the Debtor are true and correct as of the date of this report to the best of my knowledge, information and belief. /s/ Henry C. Lyon ---------------------------------- For the Debtor In Possession Henry C. Lyon Designated Officer OPERATING REPORT Page 14 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS SUMMARY OF CASH RECEIPTS AND CASH DISBURSEMENTS For the Month Ending: February 28, 2002 BEGINNING BALANCE IN ALL ACCOUNTS $26,537,452.57 RECEIPTS: 1. Receipts from Operations 2. Other Receipts $ 43,900.26 Other receipts (Received on behalf of Affiliates) $ 5,046.65 -------------- TOTAL RECEIPTS $ 48,946.91 DISBURSEMENTS 3. Net Payroll a. Officers $ 96,591.31 b. Others $ 180,359.75 4. Taxes a. Federal Income Taxes $ 94,314.65 b. FICA Withholdings $ 29,140.27 c. Employee's withholdings $ 230.91 d. Employer's FICA $ 29,140.30 e. Federal Unemployment Taxes $ 118.87 f. State Income Tax $ 16,545.22 g. State Employee withholdings $ 574.15 h. All other state taxes $ 532.70 5. Necessary Expenses a. Rent or mortgage payment(s) $ 10,938.00 b. Utilities $ 13,022.12 c. Insurance $ 82,815.52 d. Merchandise bought for manufacture or sell $ -- e. Other necessary expenses Professional and Bankruptcy Court Related Fees and Expenses $ 262,556.27 Employee Expenses $ 36,602.99 Office Supplies & Expenses $ 33,389.33 Other $ 15,154.39 -------------- TOTAL DISBURSEMENTS $ 902,026.75 Add: Disbursements made on behalf of Parent or Affiliates $ 278,306.00 -------------- ADJUSTED TOTAL DISBURSEMENTS $ 1,180,332.75 -------------- NET RECEIPTS (DISBURSEMENTS) FOR THE CURRENT PERIOD $(1,131,385.84) NET INTERCOMPANY SWEEPS/TRANSFERS - World Access Telecom Group $ -- NET INTERCOMPANY SWEEPS/TRANSFERS - Facilicom International, L.L.C $ -- NET INTERCOMPANY SWEEPS/TRANSFERS - WA Telecom Products Co., Inc. $ -- NET INTERCOMPANY SWEEPS/TRANSFERS - WorldXchange $ -- -------------- NET INTERCOMPANY SWEEPS/TRANSFERS - CURRENT PERIOD $ -- -------------- ENDING BALANCE IN Bank of America - Master 03751046297 $ 265,602.38 ENDING BALANCE IN Bank of America - Disbursement 03299976144 $ (194,403.26) ENDING BALANCE IN Bank of America - Payroll 03299944407 $ 1,747.95 ENDING BALANCE IN Bank of America - Payroll Taxes 03751301149 $ 90,115.80 ENDING BALANCE IN Bank of America - Unemp. Benefit 03751255062 $ 9,800.57 ENDING BALANCE IN Bank of America - Flex Spending 03751039615 $ 2,131.71 ENDING BALANCE IN Bank of America - Money Market 851018 $18,765,898.21 ENDING BALANCE IN Deustch Bank - S/T Investment 206-19648 $ 5,126,787.45 ENDING BALANCE IN Bank of America - Restricted Cash $ 1,333,333.95 ENDING BALANCE IN Wells Fargo - Restricted Cash 699-3295970 $ 61.97 ENDING BALANCE IN Chase Manhattan Bank - FISC 719-1-362214 $ 4,990.00 -------------- ENDING BALANCE IN ALL ACCOUNTS $25,406,066.73 ==============
OPERATING REPORT Page 1 IN THE UNITED STATES COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS RECEIPTS LISTING For the Month Ending: February 28, 2002 Bank: Bank of America Location: Dallas, TX Account Name: Master Account Account Number: 03751046297
DATE RECEIVED DESCRIPTION AMOUNT ------------- ----------- ------ 2/8/2002 GA Department of Revenue (WAXS Inc. Tax Refund) $ 190.00 2/8/2002 Bank of America (WXC) $ 46.65 2/8/2002 Gerald Ricks (WACC Receivable) $ 5,000.00 2/8/2002 Daniel Menken (Cobra) $ 664.14 2/8/2002 Margaret Hibbeler (Cobra) $ 446.14 2/8/2002 J. Smith Lanier (Insurance Premium Adjustment Refund) $ 3,869.00 2/8/2002 Martha Hernandez (Cobra) $ 223.07 2/8/2002 Aprize Satellite (Linda Jacobsen Cobra) $ 493.84 ---------- Total $10,932.84 Less: Receipts from or on behalf of Parent or Affiliates WA Telecom Products Co., Inc. 2/8/2002 Gerald Ricks (WACC Receivable) $ 5,000.00 Worldxchange 2/8/2002 Bank of America (WXC) $ 46.65 ---------- 5,046.65 ---------- Total WAXS Receipts 5,886.19 ==========
OPERATING REPORT Page 2 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS RECEIPTS LISTING For the Month Ending: February 28, 2002 Bank: Wells Fargo Location: Minneapolis, MN Account Name: Restricted Cash Account Number: 699-3295970
DATE RECEIVED DESCRIPTION AMOUNT ------------- ----------- ------ 2/28/2002 Interest Received $ 0.01 ------ Total WAXS Receipts $ 0.01 ======
OPERATING REPORT Page 3 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS RECEIPTS LISTING For the Month Ending: February 28, 2002 Bank: Bank of America (Nations Funds) Location: Charlotte, NC Account Name: Money Market Account Number: 851018
DATE RECEIVED DESCRIPTION AMOUNT ------------- ----------- ------ 2/28/2002 Interest Received - Strat Cash Fund $29,131.12 2/28/2002 Interest Received - Money Market Fund $ 737.18 ---------- Total WAXS Receipts $29,868.30 ==========
OPERATING REPORT Page 4 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS RECEIPTS LISTING For the Month Ending: February 28, 2002 Bank: Deutsche Bank Alex. Brown Location: Baltimore, MD Account Name: Investment Account Account Number: 206-19648
DATE RECEIVED DESCRIPTION AMOUNT ------------- ----------- ------ 2/28/2002 Interest Received $8,145.76 --------- Total WAXS Receipts $8,145.76 =========
OPERATING REPORT Page 5 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS DISBURSEMENT LISTING For the Month Ending: February 28, 2002 Bank: Bank of America Location: Dallas, TX Account Name: Master Account Account Number: 03751046297
DATE DISBURSED DESCRIPTION AMOUNT -------------- ----------- ------ 2/5/2002 Bank Fee $ 30.00 2/11/2002 Merrill Lynch (401k Wire) $ 230.91 2/14/2002 Tele-FlexTechnologies (FCI Billing System $ 42,000.00 2/27/2002 American Express Tax & Business Svcs. (Retainer) $100,000.00 ----------- Total WAXS Disbursements $142,260.91 =========== Less: Disbursements made to or on behalf of Parent or Affiliates. Facilicom 2/14/2002 Tele-FlexTechnologies (FCI Billing System $ 42,000.00 ----------- Total Affiliate Payments $ 42,000.00 ----------- Total WAXS Disbursements $100,260.91 ===========
OPERATING REPORT Page 6 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS DISBURSEMENT LISTING For the Month Ending: February 28, 2002 Bank: Bank of America Location: Dallas, TX Account Name: Corporate Disbursement Account Number: 03299976144
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT -------------- ------------ ----------- ------ 2/4/2002 34935 CITY OF AVONDALE $ 0.18 2/4/2002 34936 CITY OF BELL $ 0.06 2/4/2002 34937 CITY OF BRAWLEY $ 1.06 2/4/2002 34938 CITY OF BRECKEN $ 1.58 2/4/2002 34939 CITY OF BURBANK $ 191.91 2/4/2002 34940 CITY OF CANON C $ 2.32 2/4/2002 34941 CITY OF CERES $ 0.91 2/4/2002 34942 CITY OF CHANDLER $ 3.17 2/4/2002 34943 CITY OF COMPTON $ 0.89 2/4/2002 34944 CITY OF COVINA $ 54.03 2/4/2002 34945 CITY OF CUDAHY $ 1.47 2/4/2002 34946 CITY OF DELTA $ 1.06 2/4/2002 34947 CITY OF DURANGO $ 3.47 2/4/2002 34948 CITY OF EASH PA $ 2.81 2/4/2002 34949 CITY OF EL SEGU $ 0.23 2/4/2002 34950 CITY OF GLENDALE $ 1.16 2/4/2002 34951 CITY OF LA PALM $ 1.42 2/4/2002 34952 CITY OF MARINA $ 4.38 2/4/2002 34953 CITY OF MONTCLA $ 20.87 2/4/2002 34954 CITY OF MONTERE $ 1.80 2/4/2002 34955 CITY OF NOGALES $ 0.75 2/4/2002 34956 CITY OF ORANGE $ 0.24 2/4/2002 34957 CITY OF PICO RI $ 2.82 2/4/2002 34958 CITY OF PLACENT $ 1.86 2/4/2002 34959 CITY OF PORTERVILLE $ 1.20 2/4/2002 34960 CITY OF RANCHO $ 0.10 2/4/2002 34961 CITY OF RIDGWAY $ 0.56 2/4/2002 34962 CITY OF SALINAS $ 1.82 2/4/2002 34963 CITY OF SAN LUI $ 3.24 2/4/2002 34964 CITY OF SCOTTSD $ 4.59 2/4/2002 34965 CITY OF SEASIDE $ 3.26 2/4/2002 34966 CITY OF SILVERT $ 0.49 2/4/2002 34967 CITY OF SOLEDAD $ 1.01 2/4/2002 34968 CITY OF STEAMBOAT $ 0.72 2/4/2002 34969 CITY OF TEMPE $ 3.45 2/4/2002 34970 CITY OF WATSONVILLE $ 0.88 2/4/2002 34971 CITY OF WHITTIE $ 35.03 2/4/2002 34972 STATE OF WISCONSIN $ 6,300.88 2/6/2002 34973 CITY OF ABERDEE $ 11.78 2/6/2002 34974 CITY OF ALGONA $ 0.96 2/6/2002 34975 CITY OF ANACORT $ 12.40 2/6/2002 34976 CITY OF ARLINGTON $ 10.03 2/6/2002 34977 CITY OF AUBURN $ 30.77 2/6/2002 34978 CITY OF BAINBRIDGE $ 12.67 2/6/2002 34979 CITY OF BELLEVUE $ 197.54 2/6/2002 34980 CITY OF BELLING $ 65.39 2/6/2002 34981 CITY OF BLACK D $ 4.04 2/6/2002 34982 CITY OF BLAINE $ 8.60 2/6/2002 34983 CITY OF BONNEY $ 4.16 2/6/2002 34984 CITY OF BOTHELL $ 180.67
OPERATING REPORT Page 7 Page 1 of 12 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS DISBURSEMENT LISTING For the Month Ending: February 28, 2002 Bank: Bank of America Location: Dallas, TX Account Name: Corporate Disbursement Account Number: 03299976144
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT -------------- ------------ ----------- ------ 2/6/2002 34985 CITY OF BREMERT $ 26.19 2/6/2002 34986 CITY OF BREWSTER $ 18.24 2/6/2002 34987 CITY OF BUCKLEY $ 8.46 2/6/2002 34988 CITY OF BURLING $ 3.96 2/6/2002 34989 CITY OF CASHMER $ 0.84 2/6/2002 34990 CITY OF CASTLE $ 0.03 2/6/2002 34991 CITY OF CENTRAL $ 11.52 2/6/2002 34992 CITY OF CHEHALI $ 1.85 2/6/2002 34993 CITY OF CHELAN $ 7.36 2/6/2002 34994 CITY OF CLARKSTON $ 0.23 2/6/2002 34995 CITY OF CLE ELU $ 2.16 2/6/2002 34996 CITY OF CLYDE H $ 1.65 2/6/2002 34997 CITY OF COLFAX $ 17.22 2/6/2002 34998 CITY OF COLLEGE $ 0.26 2/6/2002 34999 CITY OF COLVILLE $ 7.34 2/6/2002 35000 CITY OF CONCRET $ 3.28 2/6/2002 35001 CITY OF COULEE $ 6.19 2/6/2002 35002 CITY OF COUPEVILLE $ 4.73 2/6/2002 35003 CITY OF DEER PA $ 5.74 2/6/2002 35004 CITY OF DES MOINES $ 16.60 2/6/2002 35005 CITY OF DUVALL $ 7.01 2/6/2002 35006 CITY OF EDMONDS $ 21.02 2/6/2002 35007 CITY OF ELECTRI $ 0.51 2/6/2002 35008 CITY OF ENTIAT $ 0.95 2/6/2002 35009 CITY OF ENUMCLA $ 11.58 2/6/2002 35010 CITY OF EPHRATA $ 25.14 2/6/2002 35011 CITY OF EVERETT $ 117.23 2/6/2002 35012 CITY OF EVERSON $ 3.15 2/6/2002 35013 CITY OF FEDERAL $ 42.98 2/6/2002 35014 CITY OF FERNDALE $ 9.74 2/6/2002 35015 CITY OF FIRCRES $ 0.08 2/6/2002 35016 CITY OF LAKE FO $ 3.63 2/6/2002 35017 CITY OF GEORGE $ 0.38 2/6/2002 35018 CITY OF GOLD BA $ 1.05 2/6/2002 35019 CITY OF GRANITE $ 1.00 2/6/2002 35020 CITY OF GRAND C $ 6.41 2/6/2002 35021 CITY OF OAK HAR $ 14.00 2/6/2002 35022 CITY OF HOQUIAM $ 13.06 2/6/2002 35023 CITY OF ISSAQUA $ 8.99 2/6/2002 35024 CITY OF KELSO $ 13.80 2/6/2002 35025 CITY OF KENNEWI $ 45.25 2/6/2002 35026 CITY OF KENMORE $ 88.44 2/6/2002 35027 CITY OF KENT $ 47.86 2/6/2002 35028 CITY OF KIRKLAND $ 47.44 2/6/2002 35029 CITY OF LACEY $ 32.30 2/6/2002 35030 CITY OF LAKEWOOD $ 36.62 2/6/2002 35031 CITY OF LAKE ST $ 6.14 2/6/2002 35032 CITY OF LEAVENW $ 4.92 2/6/2002 35033 CITY OF LONGVIEW $ 22.03 2/6/2002 35034 CITY OF LYNDEN $ 9.56 2/6/2002 35035 CITY OF MAPLE V $ 3.44
OPERATING REPORT Page 7 Page 2 of 12 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS DISBURSEMENT LISTING For the Month Ending: February 28, 2002 Bank: Bank of America Location: Dallas, TX Account Name: Corporate Disbursement Account Number: 03299976144
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT -------------- ------------ ----------- ------ 2/6/2002 35036 CITY OF MARYSVILLE $ 17.70 2/6/2002 35037 CITY OF MERCER $ 9.21 2/6/2002 35038 CITY OF MILTON $ 3.58 2/6/2002 35039 CITY OF MONROE $ 10.34 2/6/2002 35040 CITY OF MOSES L $ 15.41 2/6/2002 35041 CITY OF MOUNTLA $ 12.08 2/6/2002 35042 CITY OF MOUNT V $ 44.87 2/6/2002 35043 CITY OF MUKILTE $ 25.90 2/6/2002 35044 CITY OF NORTHPO $ 0.35 2/6/2002 35045 CITY OF NORMAND $ 1.22 2/6/2002 35046 CITY OF OKANOGA $ 0.80 2/6/2002 35047 CITY OF OLYMPIA $ 45.31 2/6/2002 35048 CITY OF OMAK $ 33.55 2/6/2002 35049 CITY OF OROVILLE $ 5.24 2/6/2002 35050 CITY OF OTHELLO $ 34.39 2/6/2002 35051 CITY OF PASCO $ 46.45 2/6/2002 35052 CITY OF POMEROY $ 2.29 2/6/2002 35054 CITY OF PORT OR $ 1.39 2/6/2002 35055 CITY OF PORT TO $ 0.03 2/6/2002 35056 CITY OF PUYALLU $ 9.74 2/6/2002 35057 CITY OF QUINCY $ 7.18 2/6/2002 35058 CITY OF REDMOND $ 42.63 2/6/2002 35059 CITY OF RENTON $ 32.24 2/6/2002 35060 CITY OF RICHLAND $ 30.66 2/6/2002 35061 CITY OF SEATTLE $ 211.47 2/6/2002 35062 CITY OF SEDRO W $ 10.65 2/6/2002 35063 CITY OF SEQUIM $ 0.61 2/6/2002 35064 CITY OF SHELTON $ 3.02 2/6/2002 35065 CITY OF SHORELINE $ 156.74 2/6/2002 35066 CITY OF SNOHOMI $ 19.87 2/6/2002 35067 CITY OF SOAP LA $ 1.24 2/6/2002 35068 CITY OF SPOKANE $ 120.09 2/6/2002 35069 CIT OF STANWOOD $ 11.31 2/6/2002 35070 CITY OF STEILAC $ 2.36 2/6/2002 35071 CITY OF SULTAN $ 1.96 2/6/2002 35072 CITY OF TACOMA $ 108.07 2/6/2002 35073 CITY OF TEKOA $ 0.42 2/6/2002 35074 CITY OF TONASKE $ 0.55 2/6/2002 35075 CITY OF TUMWATE $ 3.33 2/6/2002 35076 CITY OF UNION G $ 4.33 2/6/2002 35077 CITY OF UNIVERS $ 13.90 2/6/2002 35078 CITY OF VANCOUVER $ 69.10 2/6/2002 35079 CITY OF WALLA W $ 12.10 2/6/2002 35080 CITY OF WARDEN $ 28.41 2/6/2002 35081 CITY OF WASHOUG $ 1.41 2/6/2002 35082 CITY OF WATERVILLE $ 1.41 2/6/2002 35083 CITY OF WENATCH $ 32.58 2/6/2002 35084 CITY OF WESTPORT $ 4.29 2/6/2002 35085 CITY OF WEST RI $ 2.08 2/6/2002 35086 CITY OF WINLOCK $ 0.50 2/6/2002 35087 CITY OF WOODWAY $ 3.47
OPERATING REPORT Page 7 Page 3 of 12 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS DISBURSEMENT LISTING For the Month Ending: February 28, 2002 Bank: Bank of America Location: Dallas, TX Account Name: Corporate Disbursement Account Number: 03299976144
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT -------------- ------------ ----------- ------ 2/6/2002 35088 CITY OF WOODINV $ 6.67 2/6/2002 35089 CITY OF YAKIMA $ 48.68 2/6/2002 35090 CITY OF PORT AN $ 15.97 2/6/2002 35091 CITY OF SANTA A $ 124.27 2/6/2002 35092 ARKANSAS DEPT O $ 1,776.68 2/6/2002 35093 CITY OF ASPEN $ 3.20 2/6/2002 35094 CITY OF AURORA $ 11.37 2/6/2002 35095 CITY OF AVON $ 0.32 2/6/2002 35096 CITY OF FORT CO $ 27.04 2/6/2002 35097 CITY OF GLENDALE $ 1.81 2/6/2002 35099 CITY OF GOLDEN $ 12.73 2/6/2002 35100 CHICAGO DEPT OF $ 7,907.05 2/6/2002 35101 INDIANA DEPT OF $ 1,299.27 2/6/2002 35102 CITY OF LAKEWOOD $ 12.82 2/6/2002 35103 CITY OF LONGMON $ 3.23 2/6/2002 35104 CITY OF MONTROSE $ 5.40 2/6/2002 35106 STATE OF NEW MEXICO $ 1,769.91 2/6/2002 35107 NYS SALES TAX P $ 2,381.77 2/6/2002 35108 CITY OF RIFLE $ 0.88 2/6/2002 35109 CITY OF SAN JOS $ 94.64 2/6/2002 35110 SNOWMASS VILLAGE $ 0.18 2/6/2002 35111 CITY OF THORNTON $ 195.81 2/6/2002 35112 CITY OF VAIL $ 12.59 2/6/2002 35113 GREENWOOD VILLAGE $ 1.55 2/6/2002 35114 STATE OF WASHINGTON $ 24,466.57 2/6/2002 35115 CITY OF WESTMINSTER $ 204.49 2/6/2002 35116 CITY OF WHEATRI $ 26.49 2/6/2002 35117 CITY OF WINTER $ 1.44 2/6/2002 35118 CITY OF GLENWOOD $ 4.26 2/11/2002 35119 VILLAGE OF ADDI $ 14.75 2/11/2002 35120 ALGONQUIN VILLAGE $ 24.80 2/11/2002 35121 ALSIP VILLAGE $ 2.88 2/11/2002 35122 CITY OF ALTON $ 15.15 2/11/2002 35123 ANTIOCH VILLAGE $ 2.10 2/11/2002 35124 ARLINGTON HEIGHTS $ 19.90 2/1/2002 35125 RANDY STEIN $ 7,500.00 2/1/2002 35126 AIRBORNE EXPRESS $ 17.48 2/1/2002 35127 APTO SOLUTIONS $ 6,569.93 2/1/2002 35128 BELLSOUTH $ 456.52 2/1/2002 35129 CONTINENTAL STOCK TRANSFER $ 1,098.89 2/1/2002 35130 DEBRA DAWN $ 1,506.00 2/1/2002 35131 FEDERAL EXPRESS $ 266.38 2/1/2002 35132 MCI WORLDCOM $ 3,343.85 2/1/2002 35133 MILBANK, TWEED HADLEY & MCCLOY $ 30,309.66 2/1/2002 35134 NORTH ATLANTA REALTY $ 29,137.76 2/1/2002 35136 KAMRAN SAEED $ 450.00 2/1/2002 35137 MARK WARNER $ 1,105.00 2/1/2002 35139 PACIFIC BELL $ 1,474.51 2/1/2002 35140 NOWALSKY, BRONSTON & GOTHARD $ 1,520.45 2/5/2002 35141 MARK WARNER $ 19,413.00 2/6/2002 35142 STREETERVILLE $ 42,749.40
OPERATING REPORT Page 7 Page 4 of 12 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS DISBURSEMENT LISTING For the Month Ending: February 28, 2002 Bank: Bank of America Location: Dallas, TX Account Name: Corporate Disbursement Account Number: 03299976144
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT -------------- ------------ ----------- ------ 2/8/2002 35143 VERIZON $ 916.92 2/8/2002 35144 ASCOM HASLER LE $ 173.34 2/8/2002 35145 CENTRAL PARKING $ 275.00 2/8/2002 35146 CT CORPORATION $ 275.00 2/8/2002 35147 DEBRA DAWN $ 1,136.29 2/8/2002 35148 ERNST & YOUNG LLP $ 66,212.91 2/8/2002 35149 FEDERAL EXPRESS $ 307.84 2/8/2002 35150 GE CAPITAL $ 575.72 2/8/2002 35151 NEXTEL COMMUNICATIONS $ 790.49 2/8/2002 35152 POORMAN - DOUGLAS $ 14,024.09 2/8/2002 35153 PRICEWATERHOUSE $ 35,536.51 2/8/2002 35154 KAMRAN SAEED $ 450.00 2/8/2002 35155 MDC - MARK II $ 10,938.00 2/11/2002 35156 CITY OF AURORA $ 304.40 2/11/2002 35157 VILLAGE OF BARR $ 2.31 2/11/2002 35158 BARTLETT VILLAGE $ 6.06 2/11/2002 35159 BARTOONVILLE VILLAGE $ 0.18 2/11/2002 35160 CITY OF BATAVIA $ 5.53 2/11/2002 35161 VILLAGE OF BEAC $ 0.04 2/11/2002 35162 BEDFORD PARK VILLAGE $ 0.07 2/11/2002 35163 BEECHER VILLAGE $ 0.55 2/11/2002 35164 CITY OF BELLEVI $ 2.10 2/11/2002 35165 BELLWOOD VILLAGE $ 5.88 2/11/2002 35166 CITY OF BELVIDE $ 22.80 2/11/2002 35167 VILLAGE OF BENS $ 52.89 2/11/2002 35168 CITY OF BERWYN $ 11.71 2/11/2002 35169 CITY OF BERKELEY $ 7.18 2/11/2002 35170 VILLAGE OF BETH $ 2.24 2/11/2002 35171 CITY OF BLUE IS $ 1.26 2/11/2002 35172 BOLINGBROOK VILLAGE $ 20.27 2/11/2002 35173 CITY OF BRAIDWOOD $ 5.62 2/11/2002 35174 CITY OF BRIDGEV $ 6.20 2/11/2002 35175 VILLAGE OF BROA $ 26.41 2/11/2002 35176 VILLAGE OF BROO $ 89.32 2/11/2002 35177 VILLAGE OF BUFF $ 83.62 2/11/2002 35178 CITY OF BURBANK $ 74.78 2/11/2002 35179 CITY OF BURR RIDGE $ 21.84 2/11/2002 35180 CAHOKIA VILLAGE $ 0.11 2/11/2002 35181 CALUMET CITY $ 14.46 2/11/2002 35182 CITY OF CALUMET $ 3.04 2/11/2002 35183 VILLAGE OF CAMA $ 5.80 2/11/2002 35184 CARPENTERSVILLE $ 6.46 2/11/2002 35185 VILLAGE OF CARO $ 169.43 2/11/2002 35186 CARY VILLAGE $ 0.28 2/11/2002 35187 CASEYVILLE VILLAGE $ 0.01 2/11/2002 35188 CENTREVILLE VILLAGE $ 3.31 2/11/2002 35189 CITY OF CHAMPAIGN $ 203.12 2/11/2002 35190 CHICAGO HEIGHTS $ 0.71 2/11/2002 35191 CITY OF CHILLIC $ 1.73 2/11/2002 35192 CHICAGO RIDGE V $ 3.43 2/11/2002 35193 CITY OF CICERO $ 244.62
OPERATING REPORT Page 7 Page 5 of 12 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS DISBURSEMENT LISTING For the Month Ending: February 28, 2002 Bank: Bank of America Location: Dallas, TX Account Name: Corporate Disbursement Account Number: 03299976144
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT -------------- ------------ ----------- ------ 2/11/2002 35194 CLARENDON HILLS $ 20.56 2/11/2002 35195 COAL CITY $ 7.77 2/11/2002 35196 COAL VALLEY VILLAGE $ 0.53 2/11/2002 35197 COLONA CITY $ 1.06 2/11/2002 35198 VILLAGE OF CORT $ 0.58 2/11/2002 35199 CITY OF COUNTRY $ 14.21 2/11/2002 35200 COUNTRYSIDE CITY $ 3.80 2/11/2002 35201 CREST HILL CITY $ 2.20 2/11/2002 35202 CRYSTAL LAKE CITY $ 3.20 2/11/2002 35203 CITY OF DANVILLE $ 2.08 2/11/2002 35204 DARIEN CITY $ 13.07 2/11/2002 35205 DEERFIELD VILLAGE $ 5.07 2/11/2002 35206 VILLAGE OF DEKA $ 59.81 2/11/2002 35207 CITY OF DES PLA $ 24.28 2/11/2002 35208 DIXMOOR VILLAGE $ 0.45 2/11/2002 35209 CITY OF DOLTON $ 0.65 2/11/2002 35210 VILLAGE OF DOWN $ 49.55 2/11/2002 35211 CITY OF DUNLAP $ 0.25 2/11/2002 35212 CITY OF DURAND $ 0.08 2/11/2002 35213 DWIGHT VILLAGE $ 0.88 2/11/2002 35214 CITY OF EAST AL $ 3.35 2/11/2002 35215 EAST DUNDEE VILLAGE $ 1.07 2/11/2002 35216 CITY OF EAST MO $ 13.16 2/11/2002 35217 CITY OF EAST PE $ 2.06 2/11/2002 35218 CITY OF EAST ST $ 1.28 2/11/2002 35219 E HAZEL CREST VILLAGE $ 3.01 2/11/2002 35220 CITY OF ELGIN $ 23.99 2/11/2002 35221 ELK GROVE VILLAGE $ 70.33 2/11/2002 35222 CITY OF ELMHURST $ 101.02 2/11/2002 35223 VILLAGE OF ELMWOOD $ 169.35 2/11/2002 35224 ELWOOD VILLAGE $ 0.14 2/11/2002 35225 CITY OF EVANSTON $ 300.23 2/11/2002 35226 CITY OF EVERGREEN $ 16.48 2/11/2002 35227 FLOSSMOOR VILLAGE $ 40.15 2/11/2002 35228 CITY OF FORD HE $ 0.88 2/11/2002 35229 FOREST PARK VILLAGE $ 71.15 2/11/2002 35230 FOX LAKE VILLAGE $ 1.64 2/11/2002 35231 VILLAGE OF FOX $ 2.64 2/11/2002 35232 VILLAGE OF FRAN $ 6.11 2/11/2002 35233 VILLAGE OF FRAN $ 37.37 2/11/2002 35234 CITY OF GALENA $ 2.43 2/11/2002 35235 CITY OF GENEVA $ 9.95 2/11/2002 35236 CITY OF GENOA $ 0.04 2/11/2002 35237 CITY OF GIBSON $ 1.96 2/11/2002 35238 GLEN CARBON VILLAGE $ 6.11 2/11/2002 35239 VILLAGE OF GLEN $ 89.14 2/11/2002 35240 VILLAGE OF GLEN $ 23.08 2/11/2002 35241 GLENDALE HEIGHTS $ 139.43 2/11/2002 35242 GLENWOOD VILLAGE $ 1.67 2/11/2002 35243 VILLAGE OF GODL $ 0.36 2/11/2002 35244 GODGREY VILLAGE $ 2.37
OPERATING REPORT Page 7 Page 6 of 12 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS DISBURSEMENT LISTING For the Month Ending: February 28, 2002 Bank: Bank of America Location: Dallas, TX Account Name: Corporate Disbursement Account Number: 03299976144
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT -------------- ------------ ----------- ------ 2/11/2002 35245 GOLF VILLAGE $ 1.07 2/11/2002 35246 GRANITE CITY $ 2.53 2/11/2002 35247 GRAYSLAKE VILLAGE $ 5.14 2/11/2002 35248 CITY OF GREENVILLE $ 0.50 2/11/2002 35249 GURNEE VILLAGE $ 13.61 2/11/2002 35250 HAINESVILLE VILLAGE $ 1.32 2/11/2002 35251 HAMPSHIRE VILLAGE $ 1.03 2/11/2002 35252 HANOVER TOWNSHIP $ 13.78 2/11/2002 35253 CITY OF HARVARD $ 4.74 2/11/2002 35254 HARWOOD HEIGHTS $ 42.43 2/11/2002 35255 CITY OF HARVEY $ 5.39 2/11/2002 35256 HAWTHORN WOODS $ 0.73 2/11/2002 35257 VILLAGE OF HAZEL $ 11.04 2/11/2002 35258 CITY OF HEBRON $ 0.27 2/11/2002 35259 CITY OF HICKORY $ 87.98 2/11/2002 35260 HIGHWOOD CITY $ 4.05 2/11/2002 35261 CITY OF HIGHLAND $ 1.25 2/11/2002 35262 HIGHLAND CITY $ 1.57 2/11/2002 35263 VILLAGE OF HILL $ 18.23 2/11/2002 35264 HINSDALE VILLAGE $ 15.18 2/11/2002 35265 VILLAGE OF HINK $ 0.20 2/11/2002 35266 HODGKINS VILLAGE $ 0.85 2/11/2002 35267 HOFFMAN ESTATES $ 235.35 2/11/2002 35268 HOMEWOOD VILLAGE $ 4.63 2/11/2002 35269 HOPEDALE VILLAGE $ 0.78 2/11/2002 35270 HUNTLEY VILLAGE $ 0.32 2/11/2002 35271 INDIAN HEAD VILLAGE $ 3.65 2/11/2002 35272 ISLAND LAKE VILLAGE $ 4.65 2/11/2002 35273 ITASCA VILLAGE $ 0.08 2/11/2002 35274 CITY OF JOLIET $ 128.22 2/11/2002 35275 VILLAGE OF JUST $ 11.77 2/11/2002 35276 CITY OF KANKAKE $ 22.95 2/11/2002 35277 CITY OF KEWANEE $ 0.93 2/11/2002 35278 LA GRANGE PARK $ 26.09 2/11/2002 35279 CITY OF LAKEWOOD $ 0.42 2/11/2002 35280 LAKE IN THE HILLS $ 2.62 2/11/2002 35281 LAKE BARRINGTON $ 1.57 2/11/2002 35282 VILLAGE OF LAKE $ 6.80 2/11/2002 35283 CITY OF LAKE FO $ 41.49 2/11/2002 35284 LAKE VILLA VILLAGE $ 1.57 2/11/2002 35285 CITY OF LANSING $ 5.36 2/11/2002 35286 CITY OF LA SALLE $ 0.68 2/11/2002 35287 CITY OF LEBANON $ 3.67 2/11/2002 35288 LELAND VILLAGE $ 15.22 2/11/2002 35289 CITY OF LEMONT $ 9.60 2/11/2002 35290 LEWISTON TOWNSHIP $ 0.03 2/11/2002 35291 CITY OF LIBERTY $ 5.74 2/11/2002 35292 CITY OF LINCOLN $ 0.58 2/11/2002 35293 LINDENHURST VILLAGE $ 0.49 2/11/2002 35294 LINCOLNWOOD VILLAGE $ 65.93 2/11/2002 35295 LISLE VILLAGE $ 19.47
OPERATING REPORT Page 7 Page 7 of 12 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS DISBURSEMENT LISTING For the Month Ending: February 28, 2002 Bank: Bank of America Location: Dallas, TX Account Name: Corporate Disbursement Account Number: 03299976144
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT -------------- ------------ ----------- ------ 2/11/2002 35296 CITY OF LOCKPOR $ 3.01 2/11/2002 35297 LODA VILLAGE $ 0.80 2/11/2002 35298 LOMBARD VILLAGE $ 172.50 2/11/2002 35299 LONG GROVE VILLAGE $ 0.85 2/11/2002 35300 LOVES PARK CITY $ 6.85 2/11/2002 35301 LYNWOOD VILLAGE $ 2.34 2/11/2002 35302 VILLAGE OF LYON $ 57.13 2/11/2002 35303 LAKE ZURICH VILLAGE $ 0.91 2/11/2002 35304 MACHESNEY PARK $ 0.97 2/11/2002 35305 VILLAGE OF MACK $ 4.43 2/11/2002 35306 CITY OF MADISON $ 4.28 2/11/2002 35307 MANHATTAN VILLAGE $ 0.10 2/11/2002 35308 MANTENO VILLAGE $ 0.56 2/11/2002 35309 CITY OF MAPLE P $ 0.92 2/11/2002 35310 CITY OF MARENGO $ 0.09 2/11/2002 35311 MASCOUTAH CITY $ 0.22 2/11/2002 35312 CITY OF MAYWOOD $ 0.13 2/11/2002 35313 CITY OF MELROSE $ 3.06 2/11/2002 35314 CITY OF MIDL $ 10.18 2/11/2002 35315 CITY OF MOLINE $ 16.00 2/11/2002 35316 MONEE VILLAGE $ 0.44 2/11/2002 35317 CITY OF MONTGOMERY $ 0.63 2/11/2002 35318 VILLAGE OF MORT $ 51.13 2/11/2002 35319 VILLAGE OF MOUN $ 1.87 2/11/2002 35320 VILLAGE OF MT. P $ 208.99 2/11/2002 35321 CITY OF MT VERN $ 0.65 2/11/2002 35322 CITY OF NAPERVILLE $ 71.47 2/11/2002 35323 CITY OF NASHVILLE $ 0.44 2/11/2002 35324 NEW LENOX VILLAGE $ 0.46 2/11/2002 35325 VILLAGE OF NILE $ 112.54 2/11/2002 35326 NORTH AURORA VILLAGE $ 5.63 2/11/2002 35327 CITY OF NORTH C $ 9.90 2/11/2002 35328 NORTHLAKE CITY $ 6.30 2/11/2002 35329 NORTH RIVERSIDE $ 2.37 2/11/2002 35330 OAK BROOK VILLAGE $ 13.88 2/11/2002 35331 OAK FOREST CITY $ 2.09 2/11/2002 35332 OAK LAWN $ 21.48 2/11/2002 35333 THE VILLAGE OF $ 143.32 2/11/2002 35334 OAKBROOK TERRACE $ 3.21 2/11/2002 35335 CITY OF O'FALLO $ 6.27 2/11/2002 35336 OLYMPIA FIELDS $ 2.96 2/11/2002 35337 CITY OF OREGON $ 0.13 2/11/2002 35338 ORLAND HILLS VILLAGE $ 1.05 2/11/2002 35339 ORLAND PARK VILLAGE $ 7.34 2/11/2002 35340 OSWEGO VILLAGE $ 3.58 2/11/2002 35341 PALATINE VILLAGE $ 54.98 2/11/2002 35342 CITY OF PALOS H $ 19.76 2/11/2002 35343 CITY OF PALOS H $ 2.76 2/11/2002 35344 VILLAGE OF PARK $ 10.93 2/11/2002 35345 CITY OF PARK RI $ 30.46 2/11/2002 35346 CITY OF PEORIA $ 37.31
OPERATING REPORT Page 7 Page 8 of 12 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS DISBURSEMENT LISTING For the Month Ending: February 28, 2002 Bank: Bank of America Location: Dallas, TX Account Name: Corporate Disbursement Account Number: 03299976144
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT -------------- ------------ ----------- ------ 2/11/2002 35347 CITY OF PONTOON $ 0.03 2/11/2002 35348 POSEN VILLAGE $ 0.11 2/11/2002 35349 VILLAGE OF PRIN $ 4.00 2/11/2002 35350 CITY OF PROSPECT $ 23.90 2/11/2002 35351 VILLAGE OF RANT $ 1.15 2/11/2002 35352 VILLAGE OF RICH $ 22.30 2/11/2002 35353 VILLAGE OF RIVE $ 5.08 2/11/2002 35354 VILLAGE OF RIVE $ 46.04 2/11/2002 35355 VILLAGE OF RIVE $ 21.52 2/11/2002 35356 ROBBINS VILLAGE $ 0.29 2/11/2002 35357 CITY OF ROCK IS $ 4.41 2/11/2002 35358 CITY OF ROCKFORD $ 5.48 2/11/2002 35359 CITY OF ROCHELLE $ 1.89 2/11/2002 35360 CITY OF ROLLING $ 1.40 2/11/2002 35361 ROSCOE VILLAGE $ 0.50 2/11/2002 35362 VILLAGE OF ROSE $ 26.81 2/11/2002 35363 VILLAGE OF ROSE $ 26.01 2/11/2002 35364 CITY OF SALEM $ 0.20 2/11/2002 35365 CITY OF SANDWICH $ 7.61 2/11/2002 35366 SAUK VILLAGE $ 0.89 2/11/2002 35367 VILLAGE OF SCHI $ 31.30 2/11/2002 35368 VILLAGE OF SCHA $ 84.97 2/11/2002 35369 SHELDON VILLAGE $ 0.65 2/11/2002 35370 SHOREWOOD VILLAGE $ 0.17 2/11/2002 35371 CITY OF SILVIS $ 0.51 2/11/2002 35372 SKOKIE VILLAGE $ 10.93 2/11/2002 35373 SLEEPY HOLLOW VILLAGE $ 0.15 2/11/2002 35374 CITY OF SOUTH B $ 0.29 2/11/2002 35375 SOUTH ELGIN VILLAGE $ 0.24 2/11/2002 35376 SOUTH HOLLAND $ 0.07 2/11/2002 35377 VILLAGE OF STRE $ 51.40 2/11/2002 35378 SUGAR GROVE VILLAGE $ 0.34 2/11/2002 35379 SUMMIT VILLAGE $ 1.09 2/11/2002 35380 CITY OF URBANA $ 169.66 2/11/2002 35381 CITY OF VENICE $ 1.11 2/11/2002 35382 VILLA PARK VILLAGE $ 19.56 2/11/2002 35383 CITY OF WARRENV $ 10.56 2/11/2002 35384 CITY OF WAUKEGA $ 64.32 2/11/2002 35385 VILLAGE OF WEST $ 15.14 2/11/2002 35386 VILLAGE OF WEST $ 48.84 2/11/2002 35387 CITY OF WHEATON $ 59.20 2/11/2002 35388 VILLAGE OF WHEE $ 115.20 2/11/2002 35389 WILMETTE VILLAGE $ 22.40 2/11/2002 35390 VILLAGE OF WOOD $ 113.82 2/11/2002 35391 CITY OF WOODSTOCK $ 10.10 2/11/2002 35392 CITY OF WOOD DA $ 11.01 2/13/2002 35393 LAMBERTH, BONAP $ 11,310.71 2/14/2002 35394 CITY OF ALAMEDA $ 37.50 2/14/2002 35395 CITY OF ALAMEDA $ 66.99 2/14/2002 35396 CITY OF ALBANY $ 1.29 2/14/2002 35397 CITY OF ALHAMBRA $ 107.89
OPERATING REPORT Page 7 Page 9 of 12 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS DISBURSEMENT LISTING For the Month Ending: February 28, 2002 Bank: Bank of America Location: Dallas, TX Account Name: Corporate Disbursement Account Number: 03299976144
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT -------------- ------------ ----------- ------ 2/14/2002 35398 CITY OF ARCADIA $ 28.02 2/14/2002 35399 CITY OF ARVADA $ 112.70 2/14/2002 35400 CITY OF BALDWIN $ 11.70 2/14/2002 35401 CITY OF BELL $ 0.26 2/14/2002 35402 CITY OF BELLFLOWER $ 4.33 2/14/2002 35403 CITY OF BERKELEY $ 77.64 2/14/2002 35404 CITY OF BRAWLEY $ 0.33 2/14/2002 35405 CITY OF BURBANK $ 42.66 2/14/2002 35406 CITY OF CALABAS $ 8.77 2/14/2002 35407 CITY OF CERES $ 2.72 2/14/2002 35408 CITY OF CHICO $ 1.86 2/14/2002 35409 CITY OF CHULA V $ 4.42 2/14/2002 35410 CITY OF CLAREMO $ 17.93 2/14/2002 35411 CITY OF COVINA $ 38.59 2/14/2002 35412 CITY OF CUDAHY $ 0.73 2/14/2002 35413 CITY OF CULVER $ 29.53 2/14/2002 35414 CITY OF CUPERTI $ 18.66 2/14/2002 35415 CITY OF DALY CI $ 106.20 2/14/2002 35416 CITY OF EAST PA $ 1.36 2/14/2002 35417 CITY OF EL CERR $ 56.94 2/14/2002 35418 CITY OF EL MONT $ 8.83 2/14/2002 35419 CITY OF EL SEGU $ 0.05 2/14/2002 35420 CITY OF EMERYVILLE $ 9.26 2/14/2002 35421 CITY OF FONTANA $ 14.77 2/14/2002 35422 CITY OF GLENDALE $ 1.22 2/14/2002 35423 CITY OF HAWTHORNE $ 18.75 2/14/2002 35424 CITY OF HERMOSA $ 9.33 2/14/2002 35425 CITY OF HUNTING $ 54.69 2/14/2002 35426 CHICAGO DEPT OF $ 11,243.63 2/14/2002 35427 INDIANA DEPT OF $ 509.11 2/14/2002 35428 CITY OF INGLEWOOD $ 19.77 2/14/2002 35429 KANSAS DEPT OF $ 3,070.36 2/14/2002 35430 CITY OF LA HABR $ 14.32 2/14/2002 35431 CITY OF LAWNDALE $ 7.47 2/14/2002 35432 CITY OF LINDSAY $ 0.09 2/14/2002 35433 CITY OF LONG BEACH $ 165.84 2/14/2002 35434 CITY OF LOS ALA $ 2.28 2/14/2002 35435 CITY OF LOS ANGELES $ 3,518.21 2/14/2002 35436 CITY OF LOS ANGELES $ 222.40 2/14/2002 35437 CITY OF MALIBU $ 8.85 2/14/2002 35438 COMMONWEALTH OF $ 9,774.66 2/14/2002 35439 CITY OF MONTCLA $ 15.12 2/14/2002 35440 CITY OF MONTERE $ 0.12 2/14/2002 35441 CITY OF MOUNTAI $ 2.54 2/14/2002 35442 STATE OF NEW MEXICO $ 1,710.17 2/14/2002 35443 CITY OF NORWALK $ 34.81 2/14/2002 35444 NYS SALES TAX P $ 335.12 2/14/2002 35445 CITY OF OAKLAND $ 374.63 2/14/2002 35446 STATE OF OHIO, $ 4,253.66 2/14/2002 35447 OKLAHOMA HIGH C $ 7,676.00 2/14/2002 35448 CITY OF PALM SPRINGS $ 3.90
OPERATING REPORT Page 7 Page 10 of 12 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS DISBURSEMENT LISTING For the Month Ending: February 28, 2002 Bank: Bank of America Location: Dallas, TX Account Name: Corporate Disbursement Account Number: 03299976144
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT -------------- ------------ ----------- ------ 2/14/2002 35449 CITY OF PARAMOU $ 6.98 2/14/2002 35450 CITY OF PASADENA $ 164.03 2/14/2002 35451 PA DEPT OF REVENUE $ 4,837.93 2/14/2002 35452 CITY OF PICO RI $ 1.76 2/14/2002 35453 CITY OF PLACENT $ 0.53 2/14/2002 35454 CITY OF POMONA $ 8.48 2/14/2002 35455 CITY OF PORTERVILLE $ 1.12 2/14/2002 35456 CITY OF REDONDO $ 38.49 2/14/2002 35457 CITY OF REDWOOD $ 2.04 2/14/2002 35458 STATE OF RHODE ISLAND $ 703.36 2/14/2002 35459 CITY OF RICHMOND $ 156.13 2/14/2002 35460 CITY OF RIVERSIDE $ 6.41 2/14/2002 35461 CITY OF SANTA R $ 3.39 2/14/2002 35462 CITY OF SAN BUE $ 2.17 2/14/2002 35463 CITY OF SACRAMENTO $ 186.35 2/14/2002 35464 CNTY OF SACRAMENTO $ 103.06 2/14/2002 35465 CNTY OF SANTA C $ 2.75 2/14/2002 35466 CITY/CNTY OF SA $ 20.45 2/14/2002 35467 CITY OF SAN JOS $ 28.79 2/14/2002 35468 CITY OF SAN LUI $ 1.77 2/14/2002 35469 CITY OF SANTA M $ 161.63 2/14/2002 35470 CITY OF SAN LEA $ 22.02 2/14/2002 35471 CITY OF SANTA B $ 2.21 2/14/2002 35472 CITY OF SAN MAR $ 2.79 2/14/2002 35473 CITY OF SANTA A $ 2.28 2/14/2002 35474 CITY OF SANTA C $ 18.79 2/14/2002 35475 CITY OF SEASIDE $ 0.54 2/14/2002 35476 CITY OF SEATTLE $ 445.63 2/14/2002 35477 CITY OF SOLEDAD $ 0.22 2/14/2002 35478 CITY OF SPOKANE $ 35.82 2/14/2002 35479 CITY OF STANTON $ 8.99 2/14/2002 35480 CITY OF SUNNYVILLE $ 2.96 2/14/2002 35481 CITY OF TACOMOA $ 63.63 2/14/2002 35482 TENNESSEE DEPT $ 2,279.71 2/14/2002 35483 CITY OF TORRANCE $ 88.65 2/14/2002 35484 UTAH STATE TAX $ 687.24 2/14/2002 35485 CITY OF VALLEJO $ 33.78 2/14/2002 35486 CITY OF VANCOUVER $ 15.11 2/14/2002 35487 STATE OF VERMONT $ 438.92 2/14/2002 35488 CITY OF WESTMINSTER $ 17.83 2/14/2002 35489 CITY OF WHITTIE $ 4.39 2/14/2002 35490 STATE OF WISCONSIN $ 2,210.66 2/14/2002 35491 FLORIDA DEPT OF $ 18,035.18 2/14/2002 35492 PATRICK AELVOET $ 1,222.32 2/14/2002 35493 BELLSOUTH $ 2,170.17 2/14/2002 35494 DEBRA DAWN $ 2,346.82 2/14/2002 35495 FEDERAL EXPRESS $ 325.15 2/14/2002 35496 MCI WORLDCOM $ 3,119.17 2/14/2002 35497 CARL SONNE $ 1,536.11 2/14/2002 35498 UNITED HEALTHCARE $ 71,699.57 2/14/2002 35499 WINSTEAD SECHREST & MINICK $ 7,006.47
OPERATING REPORT Page 7 Page 11 of 12 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS DISBURSEMENT LISTING For the Month Ending: February 28, 2002 Bank: Bank of America Location: Dallas, TX Account Name: Corporate Disbursement Account Number: 03299976144
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT -------------- ------------ ----------- ------ 2/15/2002 35500 MCI WORLDCOM $ 143.11 2/15/2002 35501 KAMRAN SAEED $ 450.00 2/22/2002 35502 METROPOLITAN LIFE $ 9,636.94 2/22/2002 35503 KAMRAN SAEED $ 450.00 2/22/2002 35504 ADP INVESTOR CO $ 65.50 2/22/2002 35505 PATRICK AELVOET $ 802.65 2/22/2002 35506 AIRBORNE EXPRESS $ 14.11 2/22/2002 35507 BELLSOUTH $ 338.35 2/22/2002 35509 FEDERAL EXPRESS $ 285.92 2/22/2002 35510 H. PETER GANT $ 363.43 2/22/2002 35511 GILLIS DELANEY $ 1,063.19 2/22/2002 35512 ROBERT HOLLOWAY $ 1,123.56 2/22/2002 35513 JUDCO MANAGEMENT $ 8,625.00 2/22/2002 35514 HENRY LYON $ 1,379.44 2/22/2002 35515 MCI WORLDCOM $ 37.43 2/22/2002 35516 MERRILL LYNCH PIERCE FENNER SMITH $ 6,715.00 2/22/2002 35517 MERRILL CORPORATION $ 32,132.45 2/22/2002 35518 NEXTEL COMMUNICATIONS $ 823.07 2/22/2002 35519 NOWALSKY, BRONSTON & GOTHARD $ 2,578.75 2/22/2002 35520 CARL SONNE $ 126.63 2/22/2002 35521 STATE COMPENSATION NETWORK $ 1,479.01 2/22/2002 35522 MARK WARNER $ 1,360.46 2/22/2002 35523 SAN DIEGO GAS & ELECTRIC $ 325.45 2/22/2002 35524 APOLLO CONSULTING $ 7,000.00 2/26/2002 35525 APTO SOLUTIONS $ 2,819.10 Total $589,638.34 Less: Disbursements made to or on behalf of Parent or Affiliates. WA Telecom Products Co., Inc. 2/1/2002 35134 NORTH ATLANTA REALTY $ 29,137.76 2/8/2002 35144 ASCOM HASLER LEASING $ 173.34 2/8/2002 35150 GE CAPITAL $ 575.72 Facilicom 2/1/2002 35125 RANDY STEIN $ 7,500.00 2/1/2002 35127 APTO SOLUTIONS $ 6,569.93 2/6/2002 35142 STREETERVILLE $ 42,749.40 2/8/2002 35143 VERIZON $ 916.92 2/22/2002 35513 JUDCO MANAGEMENT $ 8,625.00 2/26/2002 35525 APTO SOLUTIONS $ 2,819.10 World Access Telecommunication Group, Inc. 2/14/2002 35499 WINSTEAD SECHREST & MINICK $ 7,006.47 WorldxChange 2/1/2002 34935-35124 WXC Tax Checks $ 49,740.75 2/11/2002 35156-35391 WXC Tax Checks $ 5,777.66 2/14/2002 35394-35491 WXC Tax Checks $ 74,713.95 ----------- Total Affiliate Payments $236,306.00 ----------- Total WAXS Disbursements $353,332.34 ===========
OPERATING REPORT Page 7 Page 12 of 12 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS DISBURSEMENT LISTING For the Month Ending: February 28, 2002 Bank: Bank of America Location: Dallas, TX Account Name: Payroll Account Account Number: 03299944407
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT -------------- ------------ ----------- ------ 2/14/2002 Multiple Payroll Checks $195,628.86 2/28/2002 Multiple Payroll Checks $ 81,322.20 ----------- Total WAXS Disbursements $276,951.06 ===========
OPERATING REPORT Page 8 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS DISBURSEMENT LISTING For the Month Ending: February 28, 2002 Bank: Bank of America Location: Dallas, TX Account Name: Payroll Account Account Number: 0751301149
DATE DISBURSED DESCRIPTION AMOUNT -------------- ----------- ------ 2/13/2002 ADP - Payroll Tax Withholdings $135,528.64 2/26/2002 ADP - 4Q 2000 Payroll Tax Correction $ 3,088.98 2/26/2002 ADP - Payroll Tax Withholdings $ 31,748.54 2/28/2002 ADP - Payroll Processing Fees $ 1,106.28 ----------- Total WAXS Disbursements $171,472.44 ===========
OPERATING REPORT Page 9 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS DISBURSEMENTS LISTING For the Month Ending: February 28, 2002 Bank: Wells Fargo Location: Minneapolis, MN Account Name: Restricted Cash Account Number: 699-3295970
DATE RECEIVED DESCRIPTION AMOUNT ------------- ----------- ------ 2/28/2002 Bank Fee $ 10.00 ------- Total WAXS Disbursements $ 10.00 =======
OPERATING REPORT Page 10 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS For the Month Ending: February 28, 2002
STATEMENT OF INVENTORY Beginning Inventory $ -- Add: purchases $ -- Less: goods sold $ -- ----------- Ending inventory $ -- =========== PAYROLL INFORMATION STATEMENT Gross payroll for this period $447,548.13 Payroll taxes due but unpaid $ --
STATUS OF PAYMENTS TO SECURED CREDITORS AND LESSORS
DATE REGULAR AMOUNT OF NUMBER OF AMOUNT OF NAME OF CREDITOR/LESSOR PAYMENT IS DUE REGULAR PAYMENT PAYMENTS DELINQUENT PAYMENTS DELINQUENT ----------------------- -------------- --------------- ------------------- ------------------- Xerox Corporation Monthly $ 1,247.84 9 $ 11,230.56
OPERATING REPORT Page 11 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS For the Month Ending: February 28, 2002 STATEMENT OF AGED RECEIVABLES
ACCOUNTS RECEIVABLE 3RD PARTY INTERCOMPANY TOTAL --------- ------------ ----- Beginning of month balance $ -- $12,182,700.19 $12,182,700.19 Add: sales on account $ -- $ -- $ -- expenses paid for affiliate $ -- $ 278,306.00 $ 278,306.00 cash advanced to affiliate $ -- $ -- $ -- Less: collections $ -- $ -- $ -- ---- -------------- -------------- End of month balance $ -- $12,461,006.19 $12,461,006.19 ==== ============== ==============
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total --------- ---------- ---------- ------------ ------------------ $ -- $ -- $ -- $ -- $ --
STATEMENT OF ACCOUNTS PAYABLE (POST-PETITION)
3RD PARTY INTERCOMPANY TOTAL --------- ------------ ----- Beginning of month balance $1,805,048.26 $16,702,769.58 $18,507,817.84 Add: sales on account $1,706,564.45 $ -- $ 1,706,564.45 Cash received on behalf of Affiliate $ -- $ 5,046.65 $ 5,046.65 Cash received from Affiliate $ -- $ -- $ -- Less: payments $ (902,026.75) $ -- $ (902,026.75) ------------- -------------- -------------- End of month balance $2,609,585.96 $16,707,816.23 $19,317,402.19 ============= ============== ==============
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total --------- ---------- ---------- ------------ ------------------ $1,057,230.66 $623,936.63 $248,812.13 $679,606.54 $2,609,585.96
OPERATING REPORT Page 12 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS For the Month Ending: February 28, 2002 TAX QUESTIONNAIRE Debtors in possession and trustees are required to pay all taxes incurred after the filing of their Chapter 11 petition on an as due basis. Please indicate whether the following post petition taxes or withholdings have been paid currently. 1. Federal income taxes Yes [X] No [ ] 2. FICA withholdings Yes [X] No [ ] 3. Employee's withholdings Yes [X] No [ ] 4. Employer's FICA Yes [X] No [ ] 5. Federal unemployment taxes Yes [X] No [ ] 6. State income tax Yes [X] No [ ] 7. State employee withholdings Yes [X] No [ ] 8. All other state taxes See Note Below If any of the above have not been paid, state below the tax not paid, the amounts past due and the date of the last payment. Note to Item 8: The Debtor may have personal property subject to tax in various jurisdictions throughout the United States. No expense has been accrued or paid for any such potential post-petition claims. OPERATING REPORT Page 13 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION DECLARATION UNDER PENALTY OF PERJURY I, Henry C. Lyon, acting as the duly authorized agent for the Debtor in Possession declare under penalty of perjury under the laws of the United States that I have read and I certify that the figures, statements, disbursement itemizations, and account balances as listed in this Monthly Report of the Debtor are true and correct as of the date of this report to the best of my knowledge, information and belief. /s/ Henry C. Lyon ---------------------------------- For the Debtor In Possession Henry C. Lyon Designated Officer OPERATING REPORT Page 14 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS SUMMARY OF CASH RECEIPTS AND CASH DISBURSEMENTS For the Month Ending: March 31, 2002 BEGINNING BALANCE IN ALL ACCOUNTS $25,406,066.73 RECEIPTS: 1. Receipts from Operations 2. Other Receipts $ 61,221.23 Other receipts (Received on behalf of Affiliates) $ 55,000.00 -------------- TOTAL RECEIPTS $ 116,221.23 DISBURSEMENTS 3. Net Payroll a. Officers $ 35,631.37 b. Others $ 40,876.41 4. Taxes a. Federal Income Taxes $ 21,840.29 b. FICA Withholdings $ 6,887.79 c. Employee's withholdings $ 153.94 d. Employer's FICA $ 6,887.79 e. Federal Unemployment Taxes $ 9.98 f. State Income Tax $ 5,053.91 g. State Employee withholdings $ 142.78 h. All other state taxes $ 79.71 5. Necessary Expenses a. Rent or mortgage payment(s) $ -- b. Utilities $ 18,391.00 c. Insurance $ 30,950.45 d. Merchandise bought for manufacture or sell $ -- e. Other necessary expenses Professional and Bankruptcy Court Related Fees and Expenses $ 721,635.34 Employee Expenses $ 16,314.37 Office Supplies & Expenses $ 32,380.14 Other $ 20,604.87 -------------- TOTAL DISBURSEMENTS $ 957,840.14 Add: Disbursements made on behalf of Parent or Affiliates $ 73,496.82 -------------- ADJUSTED TOTAL DISBURSEMENTS $ 1,031,336.96 -------------- NET RECEIPTS (DISBURSEMENTS) FOR THE CURRENT PERIOD $ (915,115.73) NET INTERCOMPANY SWEEPS/TRANSFERS - World Access Telecom Group $ -- NET INTERCOMPANY SWEEPS/TRANSFERS - Facilicom International, L.L.C $ (181,711.18) NET INTERCOMPANY SWEEPS/TRANSFERS - WA Telecom Products Co., Inc. $ -- NET INTERCOMPANY SWEEPS/TRANSFERS - WorldXchange $ (555.73) -------------- NET INTERCOMPANY SWEEPS/TRANSFERS - CURRENT PERIOD $ (182,266.91) -------------- ENDING BALANCE IN Bank of America - Master 03751046297 $ (6,043.21) ENDING BALANCE IN Bank of America - Disbursement 03299976144 $ (39,548.74) ENDING BALANCE IN Bank of America - Payroll 03299944407 $ 25,240.17 ENDING BALANCE IN Bank of America - Payroll Taxes 03751301149 $ 48,526.04 ENDING BALANCE IN Bank of America - Unemp. Benefit 03751255062 $ 9,800.57 ENDING BALANCE IN Bank of America - Flex Spending 03751039615 $ 2,131.71 ENDING BALANCE IN Bank of America - Money Market 851018 $17,796,582.20 ENDING BALANCE IN Deustch Bank - S/T Investment 206-19648 $ 5,133,619.42 ENDING BALANCE IN Bank of America - Restricted Cash $ 1,333,333.95 ENDING BALANCE IN Wells Fargo - Restricted Cash 699-3295970 $ 51.98 ENDING BALANCE IN Chase Manhattan Bank - FISC 719-1-362214 $ 4,990.00 -------------- ENDING BALANCE IN ALL ACCOUNTS $24,308,684.09 ==============
OPERATING REPORT Page 1 IN THE UNITED STATES COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS RECEIPTS LISTING For the Month Ending: March 31, 2002 Bank: Bank of America Location: Dallas, TX Account Name: Master Account Account Number: 03751046297
DATE RECEIVED DESCRIPTION AMOUNT ------------- ----------- ------ 3/6/2002 Daniel Menken (Cobra) $ 664.14 3/6/2002 Martha Hernandez (Cobra) $ 223.07 3/6/2002 NC Dept. of Revenue (Corp. Tax Refund) $11,233.02 3/6/2002 Margaret Hibbeler (Cobra) $ 223.07 3/6/2002 Lamberth, Bonapfel Cifelli & Stokes (Refund on overpmt) $ 39.76 3/6/2002 Gerald Ricks (WATP Receipt) $ 5,000.00 3/6/2002 Maya Telecom (WATP Receipt) $50,000.00 3/18/2002 FCI Denmark (Payment on Interco. Payable) $11,322.00 3/29/2002 Bank Error $ 0.20 ---------- Total $78,705.26 Less: Receipts from or on behalf of Parent or Affiliates WA Telecom Products Co., Inc. 3/6/2002 Gerald Ricks (WATP Receipt) $ 5,000.00 3/6/2002 Maya Telecom (WATP Receipt) $50,000.00 ---------- 55,000.00 ---------- Total WAXS Receipts $23,705.26 ==========
OPERATING REPORT Page 2 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS RECEIPTS LISTING For the Month Ending: March 31, 2002 Bank: Wells Fargo Location: Minneapolis, MN Account Name: Restricted Cash Account Number: 699-3295970
DATE RECEIVED DESCRIPTION AMOUNT ------------- ----------- ------ 3/29/2002 Interest Received $ 0.01 ------ Total WAXS Receipts $ 0.01 ======
OPERATING REPORT Page 3 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS RECEIPTS LISTING For the Month Ending: March 31, 2002 Bank: Bank of America (Nations Funds) Location: Charlotte, NC Account Name: Money Market Account Number: 851018
DATE RECEIVED DESCRIPTION AMOUNT ------------- ----------- ------ 3/29/2002 Interest Received - Strat Cash Fund $30,683.99 ---------- Total WAXS Receipts $30,683.99 ==========
OPERATING REPORT Page 4 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS RECEIPTS LISTING For the Month Ending: March 31, 2002 Bank: Deutsche Bank Alex. Brown Location: Baltimore, MD Account Name: Investment Account Account Number: 206-19648
DATE RECEIVED DESCRIPTION AMOUNT ------------- ----------- ------ 3/26/2002 Interest Received $6,831.97 --------- Total WAXS Receipts $6,831.97 =========
OPERATING REPORT Page 5 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS DISBURSEMENT LISTING For the Month Ending: March 31, 2002 Bank: Bank of America Location: Dallas, TX Account Name: Master Account Account Number: 03751046297
DATE DISBURSED DESCRIPTION AMOUNT -------------- ----------- ------ 3/5/2002 Bank Fee $ 30.00 3/8/2002 WXC (Xfer Stancorp Financial Interest Pmt) $ 12.08 3/8/2002 WXC (Xfer GA Dept. of Revenue Refund) $ 497.00 3/8/2002 FCI (Xfer Texcom Collection) $ 8,500.00 3/8/2002 FCI (Xfer Utility.com Collection) $ 15,464.64 3/8/2002 FCI (Xfer Cherry Refund for US Treasury) $ 15,876.29 3/8/2002 FCI (Xfer Europa Telcom Collection) $ 16,870.25 3/8/2002 FCI (Xfer Radiant Telecom Collection) $ 125,000.00 3/21/2002 WXC (Xfer BofA Interest Pmt) $ 46.65 3/28/2002 Merrill Lynch (401k Wire) $ 153.94 3/28/2002 Systems Union (Software License) $ 17,900.00 ------------ Total WAXS Disbursements $ 200,350.85 ============ Less: Disbursements made to or on behalf of Parent or Affiliates. Facilicom 3/8/2002 FCI (Xfer Texcom Collection) $ 8,500.00 3/8/2002 FCI (Xfer Utility.com Collection) $ 15,464.64 3/8/2002 FCI (Xfer Cherry Refund for US Treasury) $ 15,876.29 3/8/2002 FCI (Xfer Europa Telcom Collection) $ 16,870.25 3/8/2002 FCI (Xfer Radiant Telecom Collection) $ 125,000.00 WorldxChange 3/8/2002 WXC (Xfer Stancorp Financial Receipt) $ 12.08 3/8/2002 WXC (Xfer GA Dept. of Revenue Refund) $ 497.00 3/21/2002 WXC (Xfer BofA Interest Pmt) $ 46.65 ------------ Total Affiliate Payments $ 182,266.91 ------------ Total WAXS Disbursements $ 18,083.94 ============
OPERATING REPORT Page 6 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS DISBURSEMENT LISTING For the Month Ending: March 31, 2002 Bank: Bank of America Location: Dallas, TX Account Name: Corporate Disbursement Account Number: 03299976144
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT -------------- ------------ ----------- ------ 3/1/2002 35526 Vanguard Archives $ 641.48 3/1/2002 35527 BellSouth $ 2,223.37 3/1/2002 35528 CLS Security Systems $ 77.85 3/1/2002 35529 Federal Express $ 354.28 3/1/2002 35531 Royal Cup Coffee $ 111.41 3/1/2002 35533 Secretary of State $ 15.00 3/1/2002 35534 Secretary of State $ 15.00 3/1/2002 35535 Secretary of State $ 15.00 3/1/2002 35536 Pacific Bell $ 347.40 3/1/2002 35537 Gardner, Carton & Douglas $ 29,050.67 3/1/2002 35538 Christian Grant $ 57.33 3/1/2002 35539 Henry Lyon $ 467.80 3/1/2002 35541 Kamran Saeed $ 450.00 3/1/2002 35542 U.S. Trustee $ 13,000.00 3/1/2002 35542 U.S. Trustee $ 250.00 3/1/2002 35542 U.S. Trustee $ 10,250.00 3/1/2002 35542 U.S. Trustee $ 12,500.00 3/1/2002 35542 U.S. Trustee $ (9,000.00) 3/1/2002 35545 Heather Harris $ 26.31 3/1/2002 35546 Debra Dawn $ 1,602.30 3/1/2002 35544 Mark Warner $ 595.00 3/4/2002 35547 Debra Dawn $ 1,657.38 3/8/2002 35548 BellSouth $ 456.72 3/8/2002 35549 Central Parking $ 385.00 3/8/2002 35550 Continental Stock Transfer & Trust $ 1,338.29 3/8/2002 35551 Debra Dawn $ 1,465.53 3/8/2002 35552 Federal Express $ 342.93 3/8/2002 35553 Heather Harris $ 33.71 3/8/2002 35554 MCI Worldcom $ 1,931.27 3/8/2002 35556 Nextel Communcations $ 822.08 3/8/2002 35557 Price Waterhouse Coopers $ 46,690.46 3/8/2002 35558 Kamran Saeed $ 450.00 3/8/2002 35559 United Healthcare $ 26,359.97 3/8/2002 35560 Mark Warner $ 595.00 3/11/2002 35561 Arizona Dept. of Revenue $ 50.00 3/11/2002 35562 Utah State Tax $ 2,700.00 3/11/2002 35563 South Carolina Dept. of Revenue $ 411.00 3/11/2002 35564 Alabama Dept. of Revenue $ 110.00 3/11/2002 35565 Commissioner of Connecticut $ 250.00 3/11/2002 35566 State of Louisiana $ 10.00 3/11/2002 35567 Massachussetts Dept. of Revenue $ 456.00
OPERATING REPORT Page 7 Page 1 of 4 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS DISBURSEMENT LISTING For the Month Ending: March 31, 2002 Bank: Bank of America Location: Dallas, TX Account Name: Corporate Disbursement Account Number: 03299976144
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT -------------- ------------ ----------- ------ 3/11/2002 35568 Montana Dept. of Revenue $ 50.00 3/11/2002 35569 Wisconsin Dept. of Revenue $ 25.00 3/11/2002 35570 D.C. Treasurer $ 100.00 3/11/2002 35571 Georgia Income Tax Division $ 10.00 3/11/2002 35572 State of New Jersey $ 180.00 3/11/2002 35573 New York State Commission $ 2,281.00 3/11/2002 35574 Georgia Income Tax Division $ 10.00 3/11/2002 35575 Georgia Income Tax Division $ 10.00 3/15/2002 35576 Apto Solutions $ 8,520.00 3/15/2002 35576 Apto Solutions $ 7,096.89 3/15/2002 35577 Cadwalader, Wickersham & Taft $104,643.92 3/15/2002 35578 Virginia Cook $ 549.79 3/15/2002 35579 Debra Dawn $ 1,076.75 3/15/2002 35580 Ernst & Young $145,652.04 3/15/2002 35581 Federal Express $ 528.22 3/15/2002 35582 Gardner, Carton & Douglas $ 6,252.42 3/15/2002 35583 GE Capital $ 575.72 3/15/2002 35584 Katten Muchin & Zavis $288,785.13 3/15/2002 35585 Metropolitan Life $ 3,418.12 3/15/2002 35586 Kamran Saeed $ 450.00 3/15/2002 35587 State Compensation Board $ 1,172.36 3/15/2002 35588 Velocity Express $ 11.77 3/15/2002 35589 Winstead Sechrest & Minick $ 11,416.49 3/15/2002 35590 Pacific Bell $ 1,378.51 3/15/2002 35591 San Diego Gas & Electric $ 385.38 3/22/2002 35592 Apolllo Consulting $ 1,959.00 3/22/2002 35593 Bowne of Atlanta $ 10,186.00 3/22/2002 35594 Tod Chmar $ 627.50 3/22/2002 35595 Debra Dawn $ 2,006.54 3/22/2002 35597 Federal Express $ 423.68 3/22/2002 35598 Judco Management $ 8,625.00 3/22/2002 35599 Lamberth Bonapfel Cifelli & Stokes $ 12,558.65 3/22/2002 35600 Long Aldridge & Norman $ 49,732.40 3/22/2002 35601 MCI Worldcom $ 3,717.34 3/22/2002 35603 MCI Worldcom $ 37.42 3/22/2002 35604 MCI Worldcom $ 83.67 3/22/2002 35605 MCI Worldcom $ 181.39 3/22/2002 35606 Nextel Communcations $ 806.67 3/22/2002 35607 Poorman-Douglas Corporation $ 15,987.45 3/22/2002 35608 Kamran Saeed $ 450.00 3/22/2002 35609 Mark Warner $ 510.00
OPERATING REPORT Page 7 Page 2 of 4 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS DISBURSEMENT LISTING For the Month Ending: March 31, 2002 Bank: Bank of America Location: Dallas, TX Account Name: Corporate Disbursement Account Number: 03299976144
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT -------------- ------------ ----------- ------ 3/28/2002 35612 Vanguard Archives $ 641.48 3/28/2002 35613 Administrative Resource Group $ 2,744.57 3/28/2002 35614 ADP Investor Communications $ 102.47 3/28/2002 35615 BellSouth $ 474.02 3/28/2002 35616 BellSouth $ 2,192.35 3/28/2002 35617 Coleman Technologies $ 100.00 3/28/2002 35618 Continental Stock Transfer & Trust $ 804.21 3/28/2002 35619 Copytec, Inc. $ 5,838.52 3/28/2002 35620 Debra Dawn $ 380.00 3/28/2002 35621 Federal Express $ 1,486.53 3/28/2002 35622 Indiana Dept. of Revenue $ 288.00 3/28/2002 35623 Lex Solutions Corp. $ 3,713.30 3/28/2002 35624 MCI Worldcom $ 3,353.41 3/28/2002 35625 Nowalsky Bronston & Gothard $ 762.20 3/28/2002 35626 Kamran Saeed $ 450.00 3/28/2002 35627 Carl Sonne $ 298.90 3/28/2002 35628 Mark Warner $ 340.00 ----------- Total $895,145.48 Less: Disbursements made to or on behalf of Parent or Affiliates. WA Telecom Products Co., Inc. 3/1/2002 35534 Secretary of State $ 15.00 3/1/2002 35540 North Atlanta Realty $ 29,137.76 3/1/2002 35542 U.S. Trustee $ 250.00 3/11/2002 35575 Georgia Income Tax Division $ 10.00 3/15/2002 35583 GE Capital $ 575.72 Facilicom 3/1/2002 35542 U.S. Trustee $ 12,500.00 3/15/2002 35576 Apto Solutions $ 7,096.89 3/22/2002 35598 Judco Management $ 8,625.00 World Access Telecommunication Group, Inc. 3/1/2002 35526 Vanguard Archives $ 641.48 3/1/2002 35535 Secretary of State $ 15.00 3/1/2002 35542 U.S. Trustee $ (9,000.00) 3/11/2002 35574 Georgia Income Tax Division $ 10.00 3/15/2002 35589 Winstead Sechrest & Minick $ 11,416.49 3/28/2002 35612 Vanguard Archives $ 641.48
OPERATING REPORT Page 7 Page 3 of 4 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS DISBURSEMENT LISTING For the Month Ending: March 31, 2002 Bank: Bank of America Location: Dallas, TX Account Name: Corporate Disbursement Account Number: 03299976144
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT -------------- ------------ ----------- ------ WorldxChange 3/1/2002 35542 U.S. Trustee $ 10,250.00 3/11/2002 35563 South Carolina Dept. of Revenue $ 411.00 3/11/2002 35564 Alabama Dept. of Revenue $ 110.00 3/11/2002 35565 Commissioner of Connecticut $ 250.00 3/11/2002 35566 State of Louisiana $ 10.00 3/11/2002 35567 Massachussetts Dept. of Revenue $ 456.00 3/11/2002 35568 Montana Dept. of Revenue $ 50.00 3/11/2002 35569 Wisconsin Dept. of Revenue $ 25.00 ------------ Total Affiliate Payments $ 73,496.82 ------------ Total WAXS Disbursements $ 821,648.66 ============
OPERATING REPORT Page 7 Page 4 of 4 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS DISBURSEMENT LISTING For the Month Ending: March 31, 2002 Bank: Bank of America Location: Dallas, TX Account Name: Payroll Account Account Number: 03299944407
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT -------------- ------------ ----------- ------ 3/14/2002 Multiple Payroll Checks $38,623.64 3/28/2002 Multiple Payroll Checks $37,884.14 ---------- Total WAXS Disbursements $76,507.78 ==========
OPERATING REPORT Page 8 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS DISBURSEMENT LISTING For the Month Ending: March 31, 2002 Bank: Bank of America Location: Dallas, TX Account Name: Payroll Account Account Number: 0751301149
DATE DISBURSED DESCRIPTION AMOUNT -------------- ----------- ------ 3/13/2002 ADP - Payroll Tax Withholdings $20,885.04 3/29/2002 ADP - Payroll Tax Withholdings $20,017.21 3/22/2002 ADP - Payroll Processing Fees $ 687.51 ---------- Total WAXS Disbursements $41,589.76 ==========
OPERATING REPORT Page 9 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS DISBURSEMENTS LISTING For the Month Ending: March 31, 2002 Bank: Wells Fargo Location: Minneapolis, MN Account Name: Restricted Cash Account Number: 699-3295970
DATE RECEIVED DESCRIPTION AMOUNT ------------- ----------- ------ 3/29/2002 Bank Fee $10.00 ------ Total WAXS Disbursements $10.00 ======
OPERATING REPORT Page 10 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS For the Month Ending: March 31, 2002 STATEMENT OF INVENTORY Beginning Inventory $ -- Add: purchases $ -- Less: goods sold $ -- ----------- Ending inventory $ -- =========== PAYROLL INFORMATION STATEMENT Gross payroll for this period $117,563.97 Payroll taxes due but unpaid $ --
STATUS OF PAYMENTS TO SECURED CREDITORS AND LESSORS
DATE REGULAR AMOUNT OF NUMBER OF AMOUNT OF NAME OF CREDITOR/LESSOR PAYMENT IS DUE REGULAR PAYMENT PAYMENTS DELINQUENT PAYMENTS DELINQUENT ----------------------- -------------- --------------- ------------------- ------------------- Xerox Corporation Monthly $1,247.84 10 $12,478.40
OPERATING REPORT Page 11 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS For the Month Ending: March 31, 2002
STATEMENT OF AGED RECEIVABLES ACCOUNTS RECEIVABLE 3RD PARTY INTERCOMPANY TOTAL ------------- -------------- -------------- Beginning of month balance $ -- $12,461,006.19 $12,461,006.19 Add: sales on account $ -- $ -- $ -- expenses paid for affiliate $ -- $ 73,496.82 $ 73,496.82 cash advanced to affiliate $ -- $ -- $ -- Less: collections $ -- $ -- $ -- ------------- -------------- -------------- End of month balance $ -- $12,534,503.01 $12,534,503.01 ============= ============== ==============
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total --------- ---------- ---------- ------------ ------------------ $ -- $ -- $ - $ -- $ --
STATEMENT OF ACCOUNTS PAYABLE (POST-PETITION) 3RD PARTY INTERCOMPANY TOTAL ------------- -------------- -------------- Beginning of month balance $2,609,585.96 $16,707,816.23 $19,317,402.19 Add: sales on account $1,212,304.73 $ -- $ 1,212,304.73 Cash received on behalf of Affiliate $ -- $ 55,000.00 $ 55,000.00 Cash received from Affiliate $ -- $ -- $ -- Less: payments $ (957,840.14) $ (182,266.91) $(1,140,107.05) ------------- -------------- -------------- End of month balance $2,864,050.55 $16,580,549.32 $19,444,599.87 ============= ============== ==============
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total ---------- ----------- ----------- ------------ ------------------ $998,261.74 $313,433.51 $623,936.63 $928,418.67 $2,864,050.55
OPERATING REPORT Page 12 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS For the Month Ending: March 31, 2002 TAX QUESTIONNAIRE Debtors in possession and trustees are required to pay all taxes incurred after the filing of their Chapter 11 petition on an as due basis. Please indicate whether the following post petition taxes or withholdings have been paid currently. 1. Federal income taxes Yes [X] No [ ] 2. FICA withholdings Yes [X] No [ ] 3. Employee's withholdings Yes [X] No [ ] 4. Employer's FICA Yes [X] No [ ] 5. Federal unemployment taxes Yes [X] No [ ] 6. State income tax Yes [X] No [ ] 7. State employee withholdings Yes [X] No [ ] 8. All other state taxes See Note Below If any of the above have not been paid, state below the tax not paid, the amounts past due and the date of the last payment. Note to Item 8: The Debtor may have personal property subject to tax in various jurisdictions throughout the United States. No expense has been accrued or paid for any such potential post-petition claims. OPERATING REPORT Page 13 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION DECLARATION UNDER PENALTY OF PERJURY I, Henry C. Lyon, acting as the duly authorized agent for the Debtor in Possession declare under penalty of perjury under the laws of the United States that I have read and I certify that the figures, statements, disbursement itemizations, and account balances as listed in this Monthly Report of the Debtor are true and correct as of the date of this report to the best of my knowledge, information and belief. /s/ Henry C. Lyon ---------------------------------- For the Debtor In Possession Henry C. Lyon Designated Officer OPERATING REPORT Page 14