EX-99.4 5 g88590exv99w4.txt EX-99.4 M.O.R. OF FACILICOM INTERNATIONAL, L.L.C. EXHIBIT 99.4 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS SUMMARY OF CASH RECIEPTS AND CASH DISBURSEMENTS For the Month Ending: October 31, 2002
BEGINNING BALANCE IN ALL ACCOUNTS $ 7,516,979.64 RECEIPTS: 1. Receipts from Operations $ 4,140.86 2. Other Receipts $ - Other Receipts (Received by Parent or Affiliate) $ - --------------- TOTAL RECEIPTS $ 4,140.86 Less: Receipts received by Parent or Affiliate $ - --------------- ADJUSTED RECEIPTS $ 4,140.86 DISBURSEMENTS 3. Net Payroll a. Officers $ - b. Others $ - 4. Taxes a. Federal Income Taxes $ - b. FICA Withholdings $ - c. Employee's withholdings $ - d. Employer's FICA $ - e. Federal Unemployment Taxes $ - f. State Income Tax $ - g. State Employee withholdings $ - h. All other state taxes 5. Necessary Expenses (Paid by Parent or Affiliate) a. Rent or mortgage payment(s) $ - b. Utilities $ - c. Insurance $ - d. Merchandise bought for manufacture or sell $ - e. Other necessary expenses Expenses associated with equipment sales $ - Commissions on accounts receivable collections $ 300.00 Computer Access/Hosting Services $ 48,625.00 --------------- TOTAL DISBURSEMENTS $ 48,925.00 Less: Disbursements paid by Parent/Affiliate $ (48,625.00) --------------- ADJUSTED DISBURSEMENTS $ 300.00 NET RECEIPTS (DISBURSEMENTS) FOR THE CURRENT PERIOD $ 3,840.86 NET INTERCOMPANY SWEEP TRANSFERS - WAXS $ - --------------- ENDING BALANCE IN Citibank $ 8,432.90 ENDING BALANCE IN BofA-Atlanta GA $ 5,943,650.80 ENDING BALANCE IN BofA-Dallas TX $ 1,568,736.80 --------------- ENDING BALANCE IN ALL ACCOUNTS $ 7,520,820.50 ===============
OPERATING REPORT Page 1 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS RECEIPTS LISTING For the Month Ending: October 31, 2002 Bank: Bank of America Location: Atlanta, GA Account Name: BofA-Atlanta GA Account Number: 329979536
DATE RECEIVED DESCRIPTION AMOUNT ------------------------ ---------------------- ----------- Receipts from Operations: 10/4/2002 AM Telecom $ 2,140.86 10/22/2002 Net One Communications 2,000.00 ----------- $ 4,140.86 ===========
OPERATING REPORT Page 2 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS For the Month Ending: October 31, 2002 STATEMENT OF INVENTORY Beginning Inventory $ - Add: purchases $ - Less: goods sold $ - ---------- Ending inventory $ - ==========
PAYROLL INFORMATION STATEMENT Gross payroll for this period $ - 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 ------------------------ -------------- --------------- ------------------- ------------------- TMR, Inc Monthly $ 40,174.00 0 $ - New World Tower Partners Monthly $ 12,651.40 0 $ - Quinby Building Inc Monthly $ 10,087.82 2 $ 20,175.64 111 Eight Ave, LLC Monthly $ 42,485.59 0 $ - Descalso Howard Monthly $ 8,585.00 0 $ - One Wilshire Arcade Monthly $ 7,938.44 1 $ 7,938.44 Hatfield Philips Monthly $ 5,371.63 0 $ -
OPERATING REPORT Page 3 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS For the Month Ending: October 31, 2002 STATEMENT OF AGED RECEIVABLES
3RD PARTY* INTERCOMPANY TOTAL ---------------- -------------- ---------------- ACCOUNTS RECEIVABLE Beginning of month balance $ 101,233,960.61 $ 7,015,176.24 $ 108,249,136.85 Add: sales on account $ - $ - $ - Less: customer credits $ (6,603.97) $ - $ (6,603.97) Less: collections $ (4,140.86) $ - $ (4,140.86) Less: offsets $ - $ - $ - Less: application of customer deposits $ - $ - $ - ---------------- -------------- ---------------- End of month balance $ 101,223,215.78 $ 7,015,176.24 $ 108,238,392.02 ================ ============== ================
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total --------- ---------- ---------- ---------------- ------------------ $ - $ - $ - $ 101,223,215.78 $ 101,223,215.78
STATEMENT OF ACCOUNTS PAYABLE (POST-PETITION)
3RD PARTY* INTERCOMPANY TOTAL ---------------- -------------- ---------------- Beginning of month balance $ 5,528,060.86 $ 4,851,976.60 $ 10,380,037.46 Add: sales on account** $ 48,925.00 $ - $ 48,925.00 Add: intercompany activity Expenses paid directly by Parent or Affiliate $ (48,625.00) $ 48,625.00 $ - Net cash advanced by Parent or Affiliate $ - $ - $ - Credit extended by Parent or Affiliate $ - $ - $ - Amounts collected on behalf of Affiliate $ - $ - $ - Less: payments $ (300.00) $ - $ (300.00) ---------------- -------------- ---------------- End of month balance $ 5,528,060.86 $ 4,900,601.60 $ 10,428,662.46 ================ ============== ================
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total --------- ---------- ---------- ---------------- ------------------ $ - $ - $ - $ 5,528,060.86 $ 5,528,060.86
* Accounts receivable balances represent gross amounts due from former customers. The vast majority of these balances are either being pursued via collection litigation or are claims against the former customers' bankruptcy estates. Thus, it is highly likely that a significant amount of the gross accounts receivable will not be collected. ** The post-petition accounts payable balances accrued for above are subject to customary audit and review, which could result in changes to the balances recorded. If upon such audit and review amounts invoiced by vendors are disputed, such disputed amounts are not reflected in the accounts payable balances reflected above. As of the report date, the Debtor has been invoiced cumulative post-petition disputed amounts totalling $2,663,816. OPERATING REPORT Page 4 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS For the Month Ending: October 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 5 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. _______________________________________ For the Debtor In Possession Henry C. Lyon Designated Officer OPERATING REPORT Page 6 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS SUMMARY OF CASH RECIEPTS AND CASH DISBURSEMENTS For the Month Ending: November 30, 2002 BEGINNING BALANCE IN ALL ACCOUNTS $ 7,520,820.50 RECEIPTS: 1. Receipts from Operations $ 8,779.55 2. Other Receipts $ 575.85 Other Receipts (Received by Parent or Affiliate) $ - -------------- TOTAL RECEIPTS $ 9,355.40 Less: Receipts received by Parent or Affiliate $ - -------------- ADJUSTED RECEIPTS $ 9,355.40 DISBURSEMENTS 3. Net Payroll a. Officers $ - b. Others $ - 4. Taxes a. Federal Income Taxes $ - b. FICA Withholdings $ - c. Employee's withholdings $ - d. Employer's FICA $ - e. Federal Unemployment Taxes $ - f. State Income Tax $ - g. State Employee withholdings $ - h. All other state taxes 5. Necessary Expenses (Paid by Parent or Affiliate) a. Rent or mortgage payment(s) $ - b. Utilities $ - c. Insurance $ - d. Merchandise bought for manufacture or sell $ - e. Other necessary expenses Expenses associated with equipment sales $ - Commissions on accounts receivable collections $ - Computer Access/Hosting Services $ 8,625.00 -------------- TOTAL DISBURSEMENTS $ 8,625.00 Less: Disbursements paid by Parent/Affiliate $ (8,625.00) --------------- ADJUSTED DISBURSEMENTS $ - NET RECEIPTS (DISBURSEMENTS) FOR THE CURRENT PERIOD $ 9,355.40 NET INTERCOMPANY SWEEP TRANSFERS - WAXS $ - -------------- ENDING BALANCE IN Citibank $ 8,432.90 ENDING BALANCE IN BofA-Atlanta GA $ 5,953,006.20 ENDING BALANCE IN BofA-Dallas TX $ 1,568,736.80 -------------- ENDING BALANCE IN ALL ACCOUNTS $ 7,530,175.90 ==============
OPERATING REPORT Page 1 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS RECEIPTS LISTING For the Month Ending: November 30, 2002 Bank: Bank of America Location: Atlanta, GA Account Name: BofA-Atlanta GA Account Number: 329979536
DATE RECEIVED DESCRIPTION AMOUNT ------------------------- ------------------- ---------- Receipts from Operations: 11/18/2002 Interactive Media $ 755.91 11/18/2002 Interactive Media 755.91 11/18/2002 Interactive Media 755.91 11/18/2002 Interactive Media 755.91 11/18/2002 Interactive Media 755.91 11/18/2002 DTI Communications 5,000.00 ---------- $ 8,779.55 ========== Other Receipts: 11/18/2002 U.S. Treasury $ 63.54 11/18/2002 State of California 512.31 ---------- $ 575.85 ==========
OPERATING REPORT Page 2 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS For the Month Ending: November 30, 2002 STATEMENT OF INVENTORY Beginning Inventory $ - Add: purchases $ - Less: goods sold $ - ------------- Ending inventory $ - ============= PAYROLL INFORMATION STATEMENT Gross payroll for this period $ - 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 ------------------------ -------------- --------------- ------------------- ------------------- TMR, Inc Monthly $ 40,174.00 0 $ - New World Tower Partners Monthly $ 12,651.40 0 $ - Quinby Building Inc Monthly $ 10,087.82 2 $ 20,175.64 111 Eight Ave, LLC Monthly $ 42,485.59 0 $ - Descalso Howard Monthly $ 8,585.00 0 $ - One Wilshire Arcade Monthly $ 7,938.44 1 $ 7,938.44 Hatfield Philips Monthly $ 5,371.63 0 $ -
OPERATING REPORT Page 3 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS For the Month Ending: November 30, 2002 STATEMENT OF AGED RECEIVABLES
ACCOUNTS RECEIVABLE 3RD PARTY* INTERCOMPANY TOTAL ---------------- -------------- ----------------- Beginning of month balance $ 101,223,215.78 $ 7,015,176.24 $ 108,238,392.02 Add: sales on account $ - $ - $ - Less: customer credits $ (165,787.81) $ - $ (165,787.81) Less: collections $ (8,779.55) $ - $ (8,779.55) Less: offsets $ - $ - $ - Less: application of customer deposits $ - $ - $ - ---------------- -------------- ----------------- End of month balance $ 101,048,648.42 $ 7,015,176.24 $ 108,063,824.66 ================ ============== =================
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total --------- ---------- ---------- ---------------- ------------------ $ - $ - $ - $ 101,048,648.42 $ 101,048,648.42
STATEMENT OF ACCOUNTS PAYABLE (POST-PETITION)
3RD PARTY* INTERCOMPANY TOTAL ---------------- -------------- ----------------- Beginning of month balance $ 5,528,060.86 $ 4,900,601.60 $ 10,428,662.46 Add: sales on account** $ 8,625.00 $ - $ 8,625.00 Add: intercompany activity Expenses paid directly by Parent or Affiliate $ (8,625.00) $ 8,625.00 $ - Net cash advanced by Parent or Affiliate $ - $ - $ - Credit extended by Parent or Affiliate $ - $ - $ - Amounts collected on behalf of Affiliate $ - $ - $ - Less: payments $ - $ - $ - ---------------- -------------- ----------------- End of month balance $ 5,528,060.86 $ 4,909,226.60 $ 10,437,287.46 ================ ============== =================
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total --------- ---------- ---------- ---------------- ------------------ $ - $ - $ - $ 5,528,060.86 $ 5,528,060.86
* Accounts receivable balances represent gross amounts due from former customers. The vast majority of these balances are either being pursued via collection litigation or are claims against the former customers' bankruptcy estates. Thus, it is highly likely that a significant amount of the gross accounts receivable will not be collected. ** The post-petition accounts payable balances accrued for above are subject to customary audit and review, which could result in changes to the balances recorded. If upon such audit and review amounts invoiced by vendors are disputed, such disputed amounts are not reflected in the accounts payable balances reflected above. As of the report date, the Debtor has been invoiced cumulative post-petition disputed amounts totalling $2,663,816. OPERATING REPORT Page 4 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS For the Month Ending: November 30, 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 5 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. ---------------------------------------- For the Debtor In Possession Henry C. Lyon Designated Officer OPERATING REPORT Page 6 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS SUMMARY OF CASH RECIEPTS AND CASH DISBURSEMENTS For the Month Ending: December 31, 2002 BEGINNING BALANCE IN ALL ACCOUNTS $ 7,530,175.50 RECEIPTS: 1. Receipts from Operations $ 31,267.73 2. Other Receipts $ - Other Receipts (Received by Parent or Affiliate) $ - -------------- TOTAL RECEIPTS $ 31,267.73 Less: Receipts received by Parent or Affiliate $ - -------------- ADJUSTED RECEIPTS $ 31,267.73 DISBURSEMENTS 3. Net Payroll a. Officers $ - b. Others $ - 4. Taxes a. Federal Income Taxes $ - b. FICA Withholdings $ - c. Employee's withholdings $ - d. Employer's FICA $ - e. Federal Unemployment Taxes $ - f. State Income Tax $ - g. State Employee withholdings $ - h. All other state taxes 5. Necessary Expenses (Paid by Parent or Affiliate) a. Rent or mortgage payment(s) $ - b. Utilities $ - c. Insurance $ - d. Merchandise bought for manufacture or sell $ - e. Other necessary expenses Expenses associated with equipment sales $ - Commissions on accounts receivable collections $ 600.00 Computer Access/Hosting Services $ 9,425.00 -------------- TOTAL DISBURSEMENTS $ 10,025.00 Less: Disbursements paid by Parent/Affiliate $ (9,425.00) --------------- ADJUSTED DISBURSEMENTS $ 600.00 NET RECEIPTS (DISBURSEMENTS) FOR THE CURRENT PERIOD $ 30,667.73 NET INTERCOMPANY SWEEP TRANSFERS - WAXS $ - -------------- ENDING BALANCE IN Citibank $ 8,432.90 ENDING BALANCE IN BofA-Atlanta GA $ 5,983,673.93 ENDING BALANCE IN BofA-Dallas TX $ 1,568,736.80 -------------- ENDING BALANCE IN ALL ACCOUNTS $ 7,560,843.63 ==============
OPERATING REPORT Page 1 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS RECEIPTS LISTING For the Month Ending: December 31, 2002 Bank: Bank of America Location: Atlanta, GA Account Name: BofA-Atlanta GA Account Number: 329979536
DATE RECEIVED DESCRIPTION AMOUNT ------------------------- --------------------- ---------- Receipts from Operations: 12/3/2002 Interactive Media $ 755.91 12/3/2002 Interactive Media $ 755.91 12/3/2002 DTI Communications 5,000.00 12/3/2002 Latcom 15,000.00 12/31/2002 Interactive Media 755.91 12/31/2002 Netone Communications 2,000.00 12/31/2002 Netone Communications 2,000.00 12/31/2002 DTI Communications 5,000.00 ----------- $ 31,267.73 ===========
OPERATING REPORT Page 2 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS For the Month Ending: December 31, 2002 STATEMENT OF INVENTORY Beginning Inventory $ - Add: purchases $ - Less: goods sold $ - ------------- Ending inventory $ - ============= PAYROLL INFORMATION STATEMENT Gross payroll for this period $ - 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 ------------------------ -------------- --------------- ------------------- ------------------- TMR, Inc Monthly $ 40,174.00 0 $ - New World Tower Partners Monthly $ 12,651.40 0 $ - Quinby Building Inc Monthly $ 10,087.82 2 $ 20,175.64 111 Eight Ave, LLC Monthly $ 42,485.59 0 $ - Descalso Howard Monthly $ 8,585.00 0 $ - One Wilshire Arcade Monthly $ 7,938.44 1 $ 7,938.44 Hatfield Philips Monthly $ 5,371.63 0 $ -
OPERATING REPORT Page 3 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS For the Month Ending: December 31, 2002 STATEMENT OF AGED RECEIVABLES
ACCOUNTS RECEIVABLE 3RD PARTY* INTERCOMPANY TOTAL ---------------- -------------- ----------------- Beginning of month balance $ 101,048,648.42 $ 7,015,176.24 $ 108,063,824.66 Add: sales on account $ - $ - $ - Less: customer credits $ - $ - $ - Less: collections $ (31,267.73) $ - $ (31,267.73) Less: offsets $ - $ - $ - Less: application of customer deposits $ - $ - $ - ---------------- -------------- ----------------- End of month balance $ 101,017,380.69 $ 7,015,176.24 $ 108,032,556.93 ================ ============== =================
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total --------- ---------- ---------- ---------------- ------------------ $ - $ - $ - $ 101,017,380.69 $ 101,017,380.69
STATEMENT OF ACCOUNTS PAYABLE (POST-PETITION)
3RD PARTY* INTERCOMPANY TOTAL ---------------- -------------- ----------------- Beginning of month balance $ 5,528,060.86 $ 4,909,226.60 $ 10,437,287.46 Add: sales on account** $ 10,025.00 $ - $ 10,025.00 Add: intercompany activity Expenses paid directly by Parent or Affiliate $ (9,425.00) $ 9,425.00 $ - Net cash advanced by Parent or Affiliate $ - $ - $ - Credit extended by Parent or Affiliate $ - $ - $ - Amounts collected on behalf of Affiliate $ - $ - $ - Less: payments $ 600.00 $ - $ (600.00) ---------------- -------------- ----------------- End of month balance $ 5,528,060.86 $ 4,918,651.60 $ 10,446,712.46 ================ ============== =================
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total --------- ---------- ---------- ---------------- ------------------ $ - $ - $ - $ 5,528,060.86 $ 5,528,060.86
* Accounts receivable balances represent gross amounts due from former customers. The vast majority of these balances are either being pursued via collection litigation or are claims against the former customers' bankruptcy estates. Thus, it is highly likely that a significant amount of the gross accounts receivable will not be collected. ** The post-petition accounts payable balances accrued for above are subject to customary audit and review, which could result in changes to the balances recorded. If upon such audit and review amounts invoiced by vendors are disputed, such disputed amounts are not reflected in the accounts payable balances reflected above. As of the report date, the Debtor has been invoiced cumulative post-petition disputed amounts totalling $2,663,816. OPERATING REPORT Page 4 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS For the Month Ending: December 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 5 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. ---------------------------------------- For the Debtor In Possession Henry C. Lyon Designated Officer OPERATING REPORT Page 6 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS SUMMARY OF CASH RECIEPTS AND CASH DISBURSEMENTS For the Month Ending: January 31, 2003 BEGINNING BALANCE IN ALL ACCOUNTS $ 7,560,843.63 RECEIPTS: 1. Receipts from Operations $ 2,755.91 2. Other Receipts $ - Other Receipts (Received by Parent or Affiliate) $ - -------------- TOTAL RECEIPTS $ 2,755.91 Less: Receipts received by Parent or Affiliate $ - -------------- ADJUSTED RECEIPTS $ 2,755.91 DISBURSEMENTS 3. Net Payroll a. Officers $ - b. Others $ - 4. Taxes a. Federal Income Taxes $ - b. FICA Withholdings $ - c. Employee's withholdings $ - d. Employer's FICA $ - e. Federal Unemployment Taxes $ - f. State Income Tax $ - g. State Employee withholdings $ - h. All other state taxes 5. Necessary Expenses (Paid by Parent or Affiliate) a. Rent or mortgage payment(s) $ - b. Utilities $ - c. Insurance $ - d. Merchandise bought for manufacture or sell $ - e. Other necessary expenses Expenses associated with equipment sales $ - Commissions on accounts receivable collections $ 300.00 Computer Access/Hosting Services $ 23,239.14 -------------- TOTAL DISBURSEMENTS $ 23,539.14 Less: Disbursements paid by Parent/Affiliate $ (23,239.14) -------------- ADJUSTED DISBURSEMENTS $ 300.00 NET RECEIPTS (DISBURSEMENTS) FOR THE CURRENT PERIOD $ 2,455.91 NET INTERCOMPANY SWEEP TRANSFERS - WAXS $ - -------------- ENDING BALANCE IN Citibank $ 8,432.90 ENDING BALANCE IN BofA-Atlanta GA $ 5,986,129.84 ENDING BALANCE IN BofA-Dallas TX $ 1,568,736.80 -------------- ENDING BALANCE IN ALL ACCOUNTS $ 7,563,299.54 ==============
OPERATING REPORT Page 1 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS RECEIPTS LISTING For the Month Ending: January 31, 2003 Bank: Bank of America Location: Atlanta, GA Account Name: BofA-Atlanta GA Account Number: 329979536
DATE RECEIVED DESCRIPTION AMOUNT ------------- ----------- ------ Receipts from Operations: 1/15/2003 Interactive Media 755.91 1/15/2003 Netone Communications 2,000.00 --------- $2,755.91 =========
OPERATING REPORT Page 2 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS For the Month Ending: January 31, 2003 STATEMENT OF INVENTORY Beginning Inventory $ - Add: purchases $ - Less: goods sold $ - ------------ Ending inventory $ - ============
PAYROLL INFORMATION STATEMENT Gross payroll for this period $ - 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 ----------------------- -------------- ---------------- -------------------- ------------------- TMR, Inc Monthly $ 40,174.00 0 $ - New World Tower Partners Monthly $ 12,651.40 0 $ - Quinby Building Inc Monthly $ 10,087.82 2 $ 20,175.64 111 Eight Ave, LLC Monthly $ 42,485.59 0 $ - Descalso Howard Monthly $ 8,585.00 0 $ - One Wilshire Arcade Monthly $ 7,938.44 1 $ 7,938.44 Hatfield Philips Monthly $ 5,371.63 0 $ -
OPERATING REPORT Page 3 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS For the Month Ending: January 31, 2003 STATEMENT OF AGED RECEIVABLES
3RD PARTY* INTERCOMPANY TOTAL ---------- ------------ ----- ACCOUNTS RECEIVABLE Beginning of month balance $ 101,017,380.69 $ 7,015,176.24 $ 108,032,556.93 Add: sales on account $ - $ - $ - Less: customer credits $ (45,995.86) $ - $ (45,995.86) Less: collections $ (2,755.91) $ - $ (2,755.91) Less: offsets $ - $ - $ - Less: application of customer deposits $ - $ - $ - ---------------- -------------- ---------------- End of month balance $ 100,968,628.92 $ 7,015,176.24 $ 107,983,805.16 ================ ============== ================
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total --------- ---------- ---------- ------------ ------------------ $ - $ - $ - $ 100,968,628.92 $ 100,968,628.92
STATEMENT OF ACCOUNTS PAYABLE (POST-PETITION)
3RD PARTY INTERCOMPANY TOTAL ---------------- -------------- ---------------- Beginning of month balance $5,528,060.86 $ 4,918,651.60 $ 10,446,712.46 Add: sales on account** $ 23,539.14 $ - $ 23,539.14 Add: intercompany activity Expenses paid directly by Parent or Affiliate $ (23,239.14) $ 23,239.14 $ - Net cash advanced by Parent or Affiliate $ - $ - $ - Credit extended by Parent or Affiliate $ - $ - $ - Amounts collected on behalf of Affiliate $ - $ - $ - Less: payments $ (300.00) $ - $ (300.00) ------------- -------------- ---------------- End of month balance $5,528,060.86 $ 4,941,890.74 $ 10,469,951.60 ============= ============== ================
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total --------- ---------- ---------- ------------ ------------------ $ - $ - $ - $ 5,528,060.86 $ 5,528,060.86
*Accounts receivable balances represent gross amounts due from former customers. The vast majority of these balances are either being pursued via collection litigation or are claims against the former customers' bankruptcy estates. Thus, it is highly likely that a significant amount of the gross accounts receivable will not be collected. **The post-petition accounts payable balances accrued for above are subject to customary audit and review, which could result in changes to the balances recorded. If upon such audit and review amounts invoiced by vendors are disputed, such disputed amounts are not reflected in the accounts payable balances reflected above. As of the report date, the Debtor has been invoiced cumulative post-petition disputed amounts totalling $2,663,816. OPERATING REPORT Page 4 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS For the Month Ending: January 31, 2003 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 5 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. ______________________________ For the Debtor In Possession Henry C. Lyon Designated Officer OPERATING REPORT Page 6 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS SUMMARY OF CASH RECIEPTS AND CASH DISBURSEMENTS For the Month Ending: February 28, 2003 BEGINNING BALANCE IN ALL ACCOUNTS $ 7,563,299.54 RECEIPTS: 1. Receipts from Operations $ 5,000.00 2. Other Receipts $ - Other Receipts (Received by Parent or Affiliate) $ - -------------- TOTAL RECEIPTS $ 5,000.00 Less: Receipts received by Parent or Affiliate $ - -------------- ADJUSTED RECEIPTS $ 5,000.00 DISBURSEMENTS 3. Net Payroll a. Officers $ - b. Others $ - 4. Taxes a. Federal Income Taxes $ - b. FICA Withholdings $ - c. Employee's withholdings $ - d. Employer's FICA $ - e. Federal Unemployment Taxes $ - f. State Income Tax $ - g. State Employee withholdings $ - h. All other state taxes 5. Necessary Expenses (Paid by Parent or Affiliate) a. Rent or mortgage payment(s) $ - b. Utilities $ - c. Insurance $ - d. Merchandise bought for manufacture or sell $ - e. Other necessary expenses Expenses associated with equipment sales $ - Commissions on accounts receivable collections $ - Computer Access/Hosting Services $ 18,625.00 -------------- TOTAL DISBURSEMENTS $ 18,625.00 Less: Disbursements paid by Parent/Affiliate $ (18,625.00) -------------- ADJUSTED DISBURSEMENTS $ - NET RECEIPTS (DISBURSEMENTS) FOR THE CURRENT PERIOD $ 5,000.00 NET INTERCOMPANY SWEEP TRANSFERS - WAXS $ - -------------- ENDING BALANCE IN Citibank $ 8,432.90 ENDING BALANCE IN BofA-Atlanta GA $ 5,991,129.84 ENDING BALANCE IN BofA-Dallas TX $ 1,568,736.80 -------------- ENDING BALANCE IN ALL ACCOUNTS $ 7,568,299.54 ==============
OPERATING REPORT Page 1 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS RECEIPTS LISTING For the Month Ending: February 28, 2003 Bank: Bank of America Location: Atlanta, GA Account Name: BofA-Atlanta GA Account Number: 329979536
DATE RECEIVED DESCRIPTION AMOUNT ------------- ----------- ------ Receipts from Operations: 2/12/2003 DTI Communications 5,000.00 ---------- $ 5,000.00 ==========
OPERATING REPORT Page 2 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS For the Month Ending: February 28, 2003 STATEMENT OF INVENTORY Beginning Inventory $ - Add: purchases $ - Less: goods sold $ - ---------- Ending inventory $ - ==========
PAYROLL INFORMATION STATEMENT Gross payroll for this period $ - 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 ----------------------- -------------- --------------- ------------------- ------------------- TMR, Inc Monthly $ 40,174.00 0 $ - New World Tower Partners Monthly $ 12,651.40 0 $ - Quinby Building Inc Monthly $ 10,087.82 2 $ 20,175.64 111 Eight Ave, LLC Monthly $ 42,485.59 0 $ - Descalso Howard Monthly $ 8,585.00 0 $ - One Wilshire Arcade Monthly $ 7,938.44 1 $ 7,938.44 Hatfield Philips Monthly $ 5,371.63 0 $ -
OPERATING REPORT Page 3 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS For the Month Ending: February 28, 2003 STATEMENT OF AGED RECEIVABLES
3RD PARTY* INTERCOMPANY TOTAL ---------- ------------ ----- ACCOUNTS RECEIVABLE Beginning of month balance $ 100,968,628.92 $ 7,015,176.24 $ 107,983,805.16 Add: sales on account $ - $ - $ - Less: customer credits $ - $ - $ - Less: collections $ (5,000.00) $ - $ (5,000.00) Less: offsets $ - $ - $ - Less: application of customer deposits $ - $ - $ - ---------------- -------------- ---------------- End of month balance $ 100,963,628.92 $ 7,015,176.24 $ 107,978,805.16 ================ ============== ================
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total --------- ---------- ---------- ------------ ------------------ $ - $ - $ - $ 100,963,628.92 $ 100,963,628.92
STATEMENT OF ACCOUNTS PAYABLE (POST-PETITION)
3RD PARTY INTERCOMPANY TOTAL --------- ------------ ----- Beginning of month balance $ 5,528,060.86 $ 4,941,890.74 $ 10,469,951.60 Add: sales on account** $ 18,625.00 $ - $ 18,625.00 Add: intercompany activity Expenses paid directly by Parent or Affiliate $ (18,625.00) $ 18,625.00 $ - Net cash advanced by Parent or Affiliate $ - $ - $ - Credit extended by Parent or Affiliate $ - $ - $ - Amounts collected on behalf of Affiliate $ - $ - $ - Less: payments $ - $ - $ - -------------- -------------- --------------- End of month balance $ 5,528,060.86 $ 4,960,515.74 $ 10,488,576.60 ============== ============== ===============
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total --------- ---------- ---------- ------------ ------------------ $ - $ - $ - $ 5,528,060.86 $ 5,528,060.86
*Accounts receivable balances represent gross amounts due from former customers. The vast majority of these balances are either being pursued via collection litigation or are claims against the former customers' bankruptcy estates. Thus, it is highly likely that a significant amount of the gross accounts receivable will not be collected. **The post-petition accounts payable balances accrued for above are subject to customary audit and review, which could result in changes to the balances recorded. If upon such audit and review amounts invoiced by vendors are disputed, such disputed amounts are not reflected in the accounts payable balances reflected above. As of the report date, the Debtor has been invoiced cumulative post-petition disputed amounts totalling $2,663,816. OPERATING REPORT Page 4 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS For the Month Ending: February 28, 2003 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 5 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. ________________________________ For the Debtor In Possession Henry C. Lyon Designated Officer OPERATING REPORT Page 6 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS SUMMARY OF CASH RECIEPTS AND CASH DISBURSEMENTS For the Month Ending: March 31, 2003 BEGINNING BALANCE IN ALL ACCOUNTS $ 7,568,299.54 RECEIPTS: 1. Receipts from Operations $ 21,650.36 2. Other Receipts $ 29,660.65 Other Receipts (Received by Parent or Affiliate) $ - -------------- TOTAL RECEIPTS $ 51,311.01 Less: Receipts received by Parent or Affiliate $ - -------------- ADJUSTED RECEIPTS $ 51,311.01 DISBURSEMENTS 3. Net Payroll a. Officers $ - b. Others $ - 4. Taxes a. Federal Income Taxes $ - b. FICA Withholdings $ - c. Employee's withholdings $ - d. Employer's FICA $ - e. Federal Unemployment Taxes $ - f. State Income Tax $ - g. State Employee withholdings $ - h. All other state taxes 5. Necessary Expenses (Paid by Parent or Affiliate) a. Rent or mortgage payment(s) $ - b. Utilities $ - c. Insurance $ - d. Merchandise bought for manufacture or sell $ - e. Other necessary expenses U.S. Trustee Fee $ 250.00 Commissions on accounts receivable collections $ 658.91 Computer Access/Hosting Services $ 8,625.00 -------------- TOTAL DISBURSEMENTS $ 9,533.91 Less: Disbursements paid by Parent/Affiliate $ (8,875.00) -------------- ADJUSTED DISBURSEMENTS $ 658.91 NET RECEIPTS (DISBURSEMENTS) FOR THE CURRENT PERIOD $ 50,652.10 NET INTERCOMPANY SWEEP TRANSFERS - WAXS $ - -------------- ENDING BALANCE IN Citibank $ 8,432.90 ENDING BALANCE IN BofA-Atlanta GA $ 6,041,781.94 ENDING BALANCE IN BofA-Dallas TX $ 1,568,736.80 -------------- ENDING BALANCE IN ALL ACCOUNTS $ 7,618,951.64 ==============
OPERATING REPORT Page 1 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS RECEIPTS LISTING For the Month Ending: March 31, 2003 Bank: Bank of America Location: Atlanta, GA Account Name: BofA-Atlanta GA Account Number: 329979536
DATE RECEIVED DESCRIPTION AMOUNT ------------- ----------- ------ Receipts from Operations: 3/6/2003 Interactive Media 755.91 3/6/2003 Netone Communications 2,000.00 3/6/2003 Tawakaltel 2,500.00 3/6/2003 DTI Communications 5,000.00 3/6/2003 ITC 5,745.75 3/27/2003 Interactive Media 755.91 3/27/2003 Netone Communications 2,392.79 3/27/2003 Tawakaltel 2,500.00 ----------- $ 21,650.36 =========== Other Receipts: 3/6/2003 U.S. Treasury Department 108.47 3/12/2003 Pacific Gas & Electric 29,552.18 ----------- $ 29,660.65 ===========
OPERATING REPORT Page 2 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS For the Month Ending: March 31, 2003
STATEMENT OF INVENTORY ---------------------- Beginning Inventory $ - Add: purchases $ - Less: goods sold $ - --- Ending inventory $ - ===
PAYROLL INFORMATION STATEMENT ----------------------------- Gross payroll for this period $ - 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 ----------------------- -------------- ---------------- -------------------- ------------------- TMR, Inc Monthly $ 40,174.00 0 $ - New World Tower Partners Monthly $ 12,651.40 0 $ - Quinby Building Inc Monthly $ 10,087.82 2 $ 20,175.64 111 Eight Ave, LLC Monthly $ 42,485.59 0 $ - Descalso Howard Monthly $ 8,585.00 0 $ - One Wilshire Arcade Monthly $ 7,938.44 1 $ 7,938.44 Hatfield Philips Monthly $ 5,371.63 0 $ -
OPERATING REPORT Page 3 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS For the Month Ending: March 31, 2003 STATEMENT OF AGED RECEIVABLES
3RD PARTY* INTERCOMPANY TOTAL ---------- ------------ ----- ACCOUNTS RECEIVABLE Beginning of month balance $ 100,963,628.92 $ 7,015,176.24 $ 107,978,805.16 Add: sales on account $ - $ - $ - Less: customer credits $ - $ - $ - Less: collections $ (21,650.36) $ - $ (21,650.36) Less: offsets $ - $ - $ - Less: application of customer deposits $ - $ - $ - ---------------- -------------- ---------------- End of month balance $ 100,941,978.56 $ 7,015,176.24 $ 107,957,154.80 ================ ============== ================
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total --------- ---------- ---------- ------------ ------------------ $ - $ - $ - $ 100,941,978.56 $ 100,941,978.56
STATEMENT OF ACCOUNTS PAYABLE (POST-PETITION)
3RD PARTY INTERCOMPANY TOTAL --------- ------------ ----- Beginning of month balance $ 5,528,060.86 $ 4,960,515.74 $ 10,488,576.60 Add: sales on account** $ 9,533.91 $ - $ 9,533.91 Add: intercompany activity Expenses paid directly by Parent or Affiliate $ (8,875.00) $ 8,875.00 $ - Net cash advanced by Parent or Affiliate $ - $ - $ - Credit extended by Parent or Affiliate $ - $ - $ - Amounts collected on behalf of Affiliate $ - $ - $ - Less: payments $ (658.91) $ - $ (658.91) -------------- -------------- --------------- End of month balance $ 5,528,060.86 $ 4,969,390.74 $ 10,497,451.60 ============== ============== ===============
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total --------- ---------- ---------- ------------ ------------------ $ - $ - $ - $ 5,528,060.86 $ 5,528,060.86
*Accounts receivable balances represent gross amounts due from former customers. The vast majority of these balances are either being pursued via collection litigation or are claims against the former customers' bankruptcy estates. Thus, it is highly likely that a significant amount of the gross accounts receivable will not be collected. **The post-petition accounts payable balances accrued for above are subject to customary audit and review, which could result in changes to the balances recorded. If upon such audit and review amounts invoiced by vendors are disputed, such disputed amounts are not reflected in the accounts payable balances reflected above. As of the report date, the Debtor has been invoiced cumulative post-petition disputed amounts totalling $2,663,816. OPERATING REPORT Page 4 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS For the Month Ending: March 31, 2003 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 5 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. ________________________________ For the Debtor In Possession Henry C. Lyon Designated Officer OPERATING REPORT Page 6 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS SUMMARY OF CASH RECEIPTS AND CASH DISBURSEMENTS For the Month Ending: April 30, 2003 BEGINNING BALANCE IN ALL ACCOUNTS $ 7,618,951.64 RECEIPTS: 1. Receipts from Operations $ - 2. Other Receipts $ 71,576.84 Other Receipts (Received by Parent or Affiliate) $ - --------------- TOTAL RECEIPTS $ 71,576.84 Less: Receipts received by Parent or Affiliate $ - --------------- ADJUSTED RECEIPTS $ 71,576.84 DISBURSEMENTS 3. Net Payroll a. Officers $ - b. Others $ - 4. Taxes a. Federal Income Taxes $ - b. FICA Withholdings $ - c. Employee's withholdings $ - d. Employer's FICA $ - e. Federal Unemployment Taxes $ - f. State Income Tax $ - g. State Employee withholdings $ - h. All other state taxes 5. Necessary Expenses (Paid by Parent or Affiliate) a. Rent or mortgage payment(s) $ - b. Utilities $ - c. Insurance $ - d. Merchandise bought for manufacture or sell $ - e. Other necessary expenses Professional fees $ 1,500.00 Computer Access/Hosting Services $ 27,685.78 --------------- TOTAL DISBURSEMENTS $ 29,185.78 Less: Disbursements paid by Parent/Affiliate $ (29,185.78) --------------- ADJUSTED DISBURSEMENTS $ - NET RECEIPTS (DISBURSEMENTS) FOR THE CURRENT PERIOD $ 71,576.84 NET INTERCOMPANY SWEEP TRANSFERS - WAXS $ - --------------- ENDING BALANCE IN Citibank $ 8,432.90 ENDING BALANCE IN BofA-Atlanta GA $ 6,113,358.78 ENDING BALANCE IN BofA-Dallas TX $ 1,568,736.80 --------------- ENDING BALANCE IN ALL ACCOUNTS $ 7,690,528.48 ===============
OPERATING REPORT Page 1 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS RECEIPTS LISTING For the Month Ending: April 30, 2003 Bank: Bank of America Location: Atlanta, GA Account Name: BofA-Atlanta GA Account Number: 329979536
DATE RECEIVED DESCRIPTION AMOUNT ------------- ----------- ------ 4/23/2003 NetNet Switzerland 71,576.84 ------------ $ 71,576.84 ============
OPERATING REPORT Page 2 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS For the Month Ending: April 30, 2003 STATEMENT OF INVENTORY Beginning Inventory $ - Add: purchases $ - Less: goods sold $ - ------------ Ending inventory $ - ============
PAYROLL INFORMATION STATEMENT Gross payroll for this period $ - 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 ----------------------- -------------- --------------- ------------------- ------------------- TMR, Inc Monthly $ 40,174.00 0 $ - New World Tower Partners Monthly $ 12,651.40 0 $ - Quinby Building Inc Monthly $ 10,087.82 2 $ 20,175.64 111 Eight Ave, LLC Monthly $ 42,485.59 0 $ - Descalso Howard Monthly $ 8,585.00 0 $ - One Wilshire Arcade Monthly $ 7,938.44 1 $ 7,938.44 Hatfield Philips Monthly $ 5,371.63 0 $ -
OPERATING REPORT Page 3 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS For the Month Ending: April 30, 2003 STATEMENT OF AGED RECEIVABLES
3RD PARTY* INTERCOMPANY TOTAL --------------- --------------- --------------- ACCOUNTS RECEIVABLE Beginning of month balance $100,942,337.47 $ 7,015,176.24 $107,957,513.71 Add: sales on account $ - $ - $ - Less: customer credits $ - $ - $ - Less: collections $ - $ - $ - Less: offsets $ - $ - $ - Less: application of customer deposits $ - $ - $ - --------------- --------------- --------------- End of month balance $100,942,337.47 $ 7,015,176.24 $107,957,513.71 =============== =============== ===============
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total --------- ---------- ---------- ------------ ------------------ $ - $ - $ - $ 100,942,337.47 $ 100,942,337.47
STATEMENT OF ACCOUNTS PAYABLE (POST-PETITION)
3RD PARTY INTERCOMPANY TOTAL --------------- --------------- --------------- Beginning of month balance $ 5,528,060.86 $ 4,969,390.74 $ 10,497,451.60 Add: sales on account** $ 29,185.78 $ - $ 29,185.78 Add: intercompany activity Expenses paid directly by Parent or Affiliate $ (29,185.78) $ 29,185.78 $ - Net cash advanced by Parent or Affiliate $ - $ - $ - Credit extended by Parent or Affiliate $ - $ - $ - Amounts collected on behalf of Affiliate $ - $ - $ - Less: payments $ - $ - $ - --------------- --------------- --------------- End of month balance $ 5,528,060.86 $ 4,998,576.52 $ 10,526,637.38 =============== =============== ===============
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total --------- ---------- ---------- ------------ ------------------ $ - $ - $ - $ 5,528,060.86 $ 5,528,060.86
* Accounts receivable balances represent gross amounts due from former customers. The vast majority of these balances are either being pursued via collection litigation or are claims against the former customers' bankruptcy estates. Thus, it is highly likely that a significant amount of the gross accounts receivable will not be collected. ** The post-petition accounts payable balances accrued for above are subject to customary audit and review, which could result in changes to the balances recorded. If upon such audit and review amounts invoiced by vendors are disputed, such disputed amounts are not reflected in the accounts payable balances reflected above. As of the report date, the Debtor has been invoiced cumulative post-petition disputed amounts totalling $2,663,816. OPERATING REPORT Page 4 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS For the Month Ending: April 30, 2003 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 5 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. ____________________________________________ For the Debtor In Possession Henry C. Lyon Designated Officer OPERATING REPORT Page 6 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS SUMMARY OF CASH RECEIPTS AND CASH DISBURSEMENTS For the Month Ending: May 31, 2003 BEGINNING BALANCE IN ALL ACCOUNTS $ 7,690,528.48 RECEIPTS: 1. Receipts from Operations $ 65,755.91 2. Other Receipts $ - Other Receipts (Received by Parent or Affiliate) $ - --------------- TOTAL RECEIPTS $ 65,755.91 Less: Receipts received by Parent or Affiliate $ - --------------- ADJUSTED RECEIPTS $ 65,755.91 DISBURSEMENTS 3. Net Payroll a. Officers $ - b. Others $ - 4. Taxes a. Federal Income Taxes $ - b. FICA Withholdings $ - c. Employee's withholdings $ - d. Employer's FICA $ - e. Federal Unemployment Taxes $ - f. State Income Tax $ - g. State Employee withholdings $ - h. All other state taxes 5. Necessary Expenses (Paid by Parent or Affiliate) a. Rent or mortgage payment(s) $ - b. Utilities $ - c. Insurance $ - d. Merchandise bought for manufacture or sell $ - e. Other necessary expenses U.S. Trustee Fee $ 500.00 Professional fees $ 1,630.00 Other $ 345.28 Computer Access/Hosting Services $ 21,625.00 --------------- TOTAL DISBURSEMENTS $ 24,100.28 Less: Disbursements paid by Parent/Affiliate $ (24,100.28) --------------- ADJUSTED DISBURSEMENTS $ - NET RECEIPTS (DISBURSEMENTS) FOR THE CURRENT PERIOD $ 65,755.91 NET INTERCOMPANY SWEEP TRANSFERS - WAXS $ - --------------- ENDING BALANCE IN Citibank $ 8,432.90 ENDING BALANCE IN BofA-Atlanta GA $ 6,179,114.69 ENDING BALANCE IN BofA-Dallas TX $ 1,568,736.80 --------------- ENDING BALANCE IN ALL ACCOUNTS $ 7,756,284.39 ===============
OPERATING REPORT Page 1 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS RECEIPTS LISTING For the Month Ending: May 31, 2003 Bank: Bank of America Location: Atlanta, GA Account Name: BofA-Atlanta GA Account Number: 329979536
DATE RECEIVED DESCRIPTION AMOUNT ------------- ----------- ------ Receipts from Operations: 5/6/2003 Interactive Media 755.91 5/6/2003 Tawakaltel 2,500.00 5/6/2003 Tawakaltel 2,500.00 5/6/2003 One Point Services 25,000.00 5/6/2003 Ozemail 35,000.00 ----------- $ 65,755.91 ===========
OPERATING REPORT Page 2 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS For the Month Ending: May 31, 2003 STATEMENT OF INVENTORY Beginning Inventory $ - Add: purchases $ - Less: goods sold $ - ------------ Ending inventory $ - ============
PAYROLL INFORMATION STATEMENT Gross payroll for this period $ - 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 ----------------------- -------------- --------------- ------------------- ------------------- TMR, Inc Monthly $ 40,174.00 0 $ - New World Tower Partners Monthly $ 12,651.40 0 $ - Quinby Building Inc Monthly $ 10,087.82 2 $ 20,175.64 111 Eight Ave, LLC Monthly $ 42,485.59 0 $ - Descalso Howard Monthly $ 8,585.00 0 $ - One Wilshire Arcade Monthly $ 7,938.44 1 $ 7,938.44 Hatfield Philips Monthly $ 5,371.63 0 $ -
OPERATING REPORT Page 3 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS For the Month Ending: May 31, 2003 STATEMENT OF AGED RECEIVABLES
3RD PARTY* INTERCOMPANY TOTAL --------------- --------------- --------------- ACCOUNTS RECEIVABLE Beginning of month balance $100,942,337.47 $ 7,015,176.24 $107,957,513.71 Add: sales on account $ - $ - $ - Less: customer credits $ - $ - $ - Less: collections $ (65,755.91) $ - $ (65,755.91) Less: offsets $ - $ - $ - Less: application of customer deposits $ - $ - $ - --------------- --------------- --------------- End of month balance $100,876,581.56 $ 7,015,176.24 $107,891,757.80 =============== =============== ===============
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total --------- ---------- ---------- ------------ ------------------ $ - $ - $ - $ 100,876,581.56 $ 100,876,581.56
STATEMENT OF ACCOUNTS PAYABLE (POST-PETITION)
3RD PARTY INTERCOMPANY TOTAL --------------- --------------- --------------- Beginning of month balance $ 5,528,060.86 $ 4,998,576.52 $ 10,526,637.38 Add: sales on account** $ 24,100.28 $ - $ 24,100.28 Add: intercompany activity Expenses paid directly by Parent or Affiliate $ (24,100.28) $ 24,100.28 $ - Net cash advanced by Parent or Affiliate $ - $ - $ - Credit extended by Parent or Affiliate $ - $ - $ - Amounts collected on behalf of Affiliate $ - $ - $ - Less: payments $ - $ - $ - --------------- --------------- --------------- End of month balance $ 5,528,060.86 $ 5,022,676.80 $ 10,550,737.66 =============== =============== ===============
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total --------- ---------- ---------- ------------ ------------------ $ - $ - $ - $ 5,528,060.86 $ 5,528,060.86
* Accounts receivable balances represent gross amounts due from former customers. The vast majority of these balances are either being pursued via collection litigation or are claims against the former customers' bankruptcy estates. Thus, it is highly likely that a significant amount of the gross accounts receivable will not be collected. ** The post-petition accounts payable balances accrued for above are subject to customary audit and review, which could result in changes to the balances recorded. If upon such audit and review amounts invoiced by vendors are disputed, such disputed amounts are not reflected in the accounts payable balances reflected above. As of the report date, the Debtor has been invoiced cumulative post-petition disputed amounts totalling $2,663,816. OPERATING REPORT Page 4 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS For the Month Ending: May 31, 2003 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 5 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. ______________________________________________ For the Debtor In Possession Henry C. Lyon Designated Officer OPERATING REPORT Page 6 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS SUMMARY OF CASH RECEIPTS AND CASH DISBURSEMENTS For the Month Ending: June 30, 2003 BEGINNING BALANCE IN ALL ACCOUNTS $ 7,756,284.39 RECEIPTS: 1. Receipts from Operations $ 251,511.82 2. Other Receipts $ - Other Receipts (Received by Parent or Affiliate) $ - --------------- TOTAL RECEIPTS $ 251,511.82 Less: Receipts received by Parent or Affiliate $ - --------------- ADJUSTED RECEIPTS $ 251,511.82 DISBURSEMENTS 3. Net Payroll a. Officers $ - b. Others $ - 4. Taxes a. Federal Income Taxes $ - b. FICA Withholdings $ - c. Employee's withholdings $ - d. Employer's FICA $ - e. Federal Unemployment Taxes $ - f. State Income Tax $ - g. State Employee withholdings $ - h. All other state taxes 5. Necessary Expenses (Paid by Parent or Affiliate) a. Rent or mortgage payment(s) $ - b. Utilities $ - c. Insurance $ - d. Merchandise bought for manufacture or sell $ - e. Other necessary expenses Computer Access/Hosting Services $ 21,625.00 --------------- TOTAL DISBURSEMENTS $ 21,625.00 Less: Disbursements paid by Parent/Affiliate $ (21,625.00) --------------- ADJUSTED DISBURSEMENTS $ - NET RECEIPTS (DISBURSEMENTS) FOR THE CURRENT PERIOD $ 251,511.82 NET INTERCOMPANY SWEEP TRANSFERS - WAXS $ - --------------- ENDING BALANCE IN Citibank $ 8,432.90 ENDING BALANCE IN BofA-Atlanta GA $ 6,430,626.51 ENDING BALANCE IN BofA-Dallas TX $ 1,568,736.80 --------------- ENDING BALANCE IN ALL ACCOUNTS $ 8,007,796.21 ===============
OPERATING REPORT Page 1 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS RECEIPTS LISTING For the Month Ending: June 30, 2003 Bank: Bank of America Location: Atlanta, GA Account Name: BofA-Atlanta GA Account Number: 329979536
DATE RECEIVED DESCRIPTION AMOUNT ------------- ----------- ------ Receipts from Operations: 6/19/2003 Interactive Media 755.91 6/19/2003 Interactive Media 755.91 6/19/2003 ARC Phone 250,000.00 ------------ $ 251,511.82 ============
OPERATING REPORT Page 2 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS For the Month Ending: June 30, 2003 STATEMENT OF INVENTORY Beginning Inventory $ - Add: purchases $ - Less: goods sold $ - ------------ Ending inventory $ - ============
PAYROLL INFORMATION STATEMENT Gross payroll for this period $ - 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 ----------------------- -------------- --------------- ------------------- ------------------- TMR, Inc Monthly $ 40,174.00 0 $ - New World Tower Partners Monthly $ 12,651.40 0 $ - Quinby Building Inc Monthly $ 10,087.82 2 $ 20,175.64 111 Eight Ave, LLC Monthly $ 42,485.59 0 $ - Descalso Howard Monthly $ 8,585.00 0 $ - One Wilshire Arcade Monthly $ 7,938.44 1 $ 7,938.44 Hatfield Philips Monthly $ 5,371.63 0 $ -
OPERATING REPORT Page 3 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS For the Month Ending: June 30, 2003 STATEMENT OF AGED RECEIVABLES
3RD PARTY* INTERCOMPANY TOTAL --------------- --------------- --------------- ACCOUNTS RECEIVABLE Beginning of month balance $100,876,581.56 $ 7,015,176.24 $107,891,757.80 Add: sales on account $ - $ - $ - Less: customer credits $ - $ - $ - Less: collections $ (251,511.82) $ - $ (251,511.82) Less: offsets $ - $ - $ - Less: application of customer deposits $ - $ - $ - --------------- --------------- --------------- End of month balance $100,625,069.74 $ 7,015,176.24 $107,640,245.98 =============== =============== ===============
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total --------- ---------- ---------- ------------ ------------------ $ - $ - $ - $ 100,625,069.74 $ 100,625,069.74
STATEMENT OF ACCOUNTS PAYABLE (POST-PETITION)
3RD PARTY INTERCOMPANY TOTAL --------------- --------------- --------------- Beginning of month balance $ 5,528,060.86 $ 5,022,676.80 $ 10,550,737.66 Add: sales on account** $ 21,625.00 $ - $ 21,625.00 Add: intercompany activity Expenses paid directly by Parent or Affiliate $ (21,625.00) $ 21,625.00 $ - Net cash advanced by Parent or Affiliate $ - $ - $ - Credit extended by Parent or Affiliate $ - $ - $ - Amounts collected on behalf of Affiliate $ - $ - $ - Less: payments $ - $ - $ - --------------- --------------- --------------- End of month balance $ 5,528,060.86 $ 5,044,301.80 $ 10,572,362.66 =============== =============== ===============
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total --------- ---------- ---------- ------------ ------------------ $ - $ - $ - $ 5,528,060.86 $ 5,528,060.86
* Accounts receivable balances represent gross amounts due from former customers. The vast majority of these balances are either being pursued via collection litigation or are claims against the former customers' bankruptcy estates. Thus, it is highly likely that a significant amount of the gross accounts receivable will not be collected. ** The post-petition accounts payable balances accrued for above are subject to customary audit and review, which could result in changes to the balances recorded. If upon such audit and review amounts invoiced by vendors are disputed, such disputed amounts are not reflected in the accounts payable balances reflected above. As of the report date, the Debtor has been invoiced cumulative post-petition disputed amounts totalling $2,663,816. OPERATING REPORT Page 4 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS For the Month Ending: June 30, 2003 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 5 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. ________________________________________________ For the Debtor In Possession Henry C. Lyon Designated Officer OPERATING REPORT Page 6 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS SUMMARY OF CASH RECEIPTS AND CASH DISBURSEMENTS For the Month Ending: July 31, 2003 BEGINNING BALANCE IN ALL ACCOUNTS $ 8,007,796.21 RECEIPTS: 1. Receipts from Operations $ 3,255.91 2. Other Receipts $ 8,549.02 Other Receipts (Received by Parent or Affiliate) $ - --------------- TOTAL RECEIPTS $ 11,804.93 Less: Receipts received by Parent or Affiliate $ - --------------- ADJUSTED RECEIPTS $ 11,804.93 DISBURSEMENTS 3. Net Payroll a. Officers $ - b. Others $ - 4. Taxes a. Federal Income Taxes $ - b. FICA Withholdings $ - c. Employee's withholdings $ - d. Employer's FICA $ - e. Federal Unemployment Taxes $ - f. State Income Tax $ - g. State Employee withholdings $ - h. All other state taxes 5. Necessary Expenses (Paid by Parent or Affiliate) a. Rent or mortgage payment(s) $ - b. Utilities $ - c. Insurance $ - d. Merchandise bought for manufacture or sell $ - e. Other necessary expenses Computer Access/Hosting Services $ 21,625.00 --------------- TOTAL DISBURSEMENTS $ 21,625.00 Less: Disbursements paid by Parent/Affiliate $ (21,625.00) --------------- ADJUSTED DISBURSEMENTS $ - NET RECEIPTS (DISBURSEMENTS) FOR THE CURRENT PERIOD $ 11,804.93 NET INTERCOMPANY SWEEP TRANSFERS - WAXS $ - --------------- ENDING BALANCE IN Citibank $ 8,432.90 ENDING BALANCE IN BofA-Atlanta GA $ 6,442,431.44 ENDING BALANCE IN BofA-Dallas TX $ 1,568,736.80 --------------- ENDING BALANCE IN ALL ACCOUNTS $ 8,019,601.14 ===============
OPERATING REPORT Page 1 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS RECEIPTS LISTING For the Month Ending: July 31, 2003 Bank: Bank of America Location: Atlanta, GA Account Name: BofA-Atlanta GA Account Number: 329979536
DATE RECEIVED DESCRIPTION AMOUNT ------------- ----------- ------ Receipts from Operations: 7/14/2003 Interactive Media 755.91 7/14/2003 Tawakaltel 2,500.00 ------------ $ 3,255.91 ============ Other Receipts: 7/25/2003 Westel (Preference payment) 8,549.02 ------------ $ 8,549.02 ============
OPERATING REPORT Page 2 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS For the Month Ending: July 31, 2003
STATEMENT OF INVENTORY ---------------------- Beginning Inventory $ - Add: purchases $ - Less: goods sold $ - ------------------- Ending inventory $ - =================== PAYROLL INFORMATION STATEMENT ----------------------------- Gross payroll for this period $ - 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 ----------------------- -------------- ---------------- ------------------- ------------------- TMR, Inc Monthly $ 40,174.00 0 $ - New World Tower Partners Monthly $ 12,651.40 0 $ - Quinby Building Inc Monthly $ 10,087.82 2 $ 20,175.64 111 Eight Ave, LLC Monthly $ 42,485.59 0 $ - Descalso Howard Monthly $ 8,585.00 0 $ - One Wilshire Arcade Monthly $ 7,938.44 1 $ 7,938.44 Hatfield Philips Monthly $ 5,371.63 0 $ -
OPERATING REPORT Page 3 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS For the Month Ending: July 31, 2003 STATEMENT OF AGED RECEIVABLES
3RD PARTY* INTERCOMPANY TOTAL --------------------------------------------------------- ACCOUNTS RECEIVABLE Beginning of month balance $ 100,625,069.74 $ 7,015,176.24 $ 107,640,245.98 Add: sales on account $ - $ - $ - Less: customer credits $ - $ - $ - Less: collections $ (3,255.91) $ - $ (3,255.91) Less: offsets $ - $ - $ - Less: application of customer deposits $ - $ - $ - --------------------------------------------------------- End of month balance $ 100,621,813.83 $ 7,015,176.24 $ 107,636,990.07 =========================================================
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total --------- ---------- ---------- ------------ ------------------ $ - $ - $ - $100,621,813.83 $ 100,621,813.83
STATEMENT OF ACCOUNTS PAYABLE (POST-PETITION)
3RD PARTY INTERCOMPANY TOTAL --------------------------------------------------------- Beginning of month balance $ 5,528,060.86 $ 5,044,301.80 $ 10,572,362.66 Add: sales on account** $ 21,625.00 $ - $ 21,625.00 Add: intercompany activity Expenses paid directly by Parent or Affiliate $ (21,625.00) $ 21,625.00 $ - Net cash advanced by Parent or Affiliate $ - $ - $ - Credit extended by Parent or Affiliate $ - $ - $ - Amounts collected on behalf of Affiliate $ - $ - $ - Less: payments $ - $ - $ - --------------------------------------------------------- End of month balance $ 5,528,060.86 $ 5,065,926.80 $ 10,593,987.66 =========================================================
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total --------- ---------- ---------- ------------ ------------------ $ - $ - $ - $ 5,528,060.86 $ 5,528,060.86
* Accounts receivable balances represent gross amounts due from former customers. The vast majority of these balances are either being pursued via collection litigation or are claims against the former customers' bankruptcy estates. Thus, it is highly likely that a significant amount of the gross accounts receivable will not be collected. ** The post-petition accounts payable balances accrued for above are subject to customary audit and review, which could result in changes to the balances recorded. If upon such audit and review amounts invoiced by vendors are disputed, such disputed amounts are not reflected in the accounts payable balances reflected above. As of the report date, the Debtor has been invoiced cumulative post-petition disputed amounts totalling $2,663,816. OPERATING REPORT Page 4 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS For the Month Ending: July 31, 2003 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 5 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. ________________________________________ For the Debtor In Possession Henry C. Lyon Designated Officer OPERATING REPORT Page 6 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS SUMMARY OF CASH RECIEPTS AND CASH DISBURSEMENTS For the Month Ending: August 31, 2003 BEGINNING BALANCE IN ALL ACCOUNTS $ 8,019,601.14 RECEIPTS: 1. Receipts from Operations $ 72,193.64 2. Other Receipts $ - Other Receipts (Received by Parent or Affiliate) $ - ---------------- TOTAL RECEIPTS $ 72,193.64 Less: Receipts received by Parent or Affiliate $ - ---------------- ADJUSTED RECEIPTS $ 72,193.64 DISBURSEMENTS 3. Net Payroll a. Officers $ - b. Others $ - 4. Taxes a. Federal Income Taxes $ - b. FICA Withholdings $ - c. Employee's withholdings $ - d. Employer's FICA $ - e. Federal Unemployment Taxes $ - f. State Income Tax $ - g. State Employee withholdings $ - h. All other state taxes 5. Necessary Expenses (Paid by Parent or Affiliate) a. Rent or mortgage payment(s) $ - b. Utilities $ - c. Insurance $ - d. Merchandise bought for manufacture or sell $ - e. Other necessary expenses U.S. Trustee Fee $ 500.00 Bank fees $ 1,594.29 Computer Access/Hosting Services $ 24,025.00 ---------------- TOTAL DISBURSEMENTS $ 26,119.29 Less: Disbursements paid by Parent/Affiliate $ (26,119.29) ---------------- ADJUSTED DISBURSEMENTS $ - NET RECEIPTS (DISBURSEMENTS) FOR THE CURRENT PERIOD $ 72,193.64 NET INTERCOMPANY SWEEP TRANSFERS - WAXS $ - ---------------- ENDING BALANCE IN Citibank $ 8,432.90 ENDING BALANCE IN BofA-Atlanta GA $ 6,514,625.08 ENDING BALANCE IN BofA-Dallas TX $ 1,568,736.80 ---------------- ENDING BALANCE IN ALL ACCOUNTS $ 8,091,794.78 ================
OPERATING REPORT Page 1 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS RECEIPTS LISTING For the Month Ending: August 31, 2003 Bank: Bank of America Location: Atlanta, GA Account Name: BofA-Atlanta GA Account Number: 329979536
DATE RECEIVED DESCRIPTION AMOUNT ------------------------ ----------------- --------------- Receipts from Operations: 8/28/2003 Interactive Media 1,511.82 8/28/2003 Tawakaltel 2,500.00 8/28/2003 ARC Phone 68,181.82 --------------- $ 72,193.64 ===============
OPERATING REPORT Page 2 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS For the Month Ending: August 31, 2003
STATEMENT OF INVENTORY ---------------------- Beginning Inventory $ - Add: purchases $ - Less: goods sold $ - --------------- Ending inventory $ - =============== PAYROLL INFORMATION STATEMENT ----------------------------- Gross payroll for this period $ - 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 ----------------------- -------------- --------------- ------------------- ------------------- TMR, Inc Monthly $ 40,174.00 0 $ - New World Tower Partners Monthly $ 12,651.40 0 $ - Quinby Building Inc Monthly $ 10,087.82 2 $ 20,175.64 111 Eight Ave, LLC Monthly $ 42,485.59 0 $ - Descalso Howard Monthly $ 8,585.00 0 $ - One Wilshire Arcade Monthly $ 7,938.44 1 $ 7,938.44 Hatfield Philips Monthly $ 5,371.63 0 $ -
OPERATING REPORT Page 3 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS For the Month Ending: August 31, 2003 STATEMENT OF AGED RECEIVABLES
3RD PARTY* INTERCOMPANY TOTAL ---------------- --------------- ------------------ ACCOUNTS RECEIVABLE Beginning of month balance $ 100,621,813.83 $ 7,015,176.24 $ 107,636,990.07 Add: sales on account $ - $ - $ - Less: customer credits $ - $ - $ - Less: collections $ (72,193.64) $ - $ (72,193.64) Less: offsets $ - $ - $ - Less: application of customer deposits $ - $ - $ - ---------------- --------------- ------------------ End of month balance $ 100,549,620.19 $ 7,015,176.24 $ 107,564,796.43 ================ =============== ==================
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total --------- ---------- ---------- ------------ ------------------ $ - $ - $ - $100,549,620.19 $ 100,549,620.19
STATEMENT OF ACCOUNTS PAYABLE (POST-PETITION)
3RD PARTY INTERCOMPANY TOTAL ---------------- --------------- ------------------ Beginning of month balance $ 5,528,060.86 $ 5,065,926.80 $ 10,593,987.66 Add: sales on account** $ 26,119.29 $ - $ 26,119.29 Add: intercompany activity Expenses paid directly by Parent or Affiliate $ (26,119.29) $ 26,119.29 $ - Net cash advanced by Parent or Affiliate $ - $ - $ - Credit extended by Parent or Affiliate $ - $ - $ - Amounts collected on behalf of Affiliate $ - $ - $ - Less: payments $ - $ - $ - ---------------- --------------- ------------------ End of month balance $ 5,528,060.86 $ 5,092,046.09 $ 10,620,106.95 ================ =============== ==================
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total --------- ---------- ---------- ------------ ------------------ $ - $ - $ - $ 5,528,060.86 $ 5,528,060.86
* Accounts receivable balances represent gross amounts due from former customers. The vast majority of these balances are either being pursued via collection litigation or are claims against the former customers' bankruptcy estates. Thus, it is highly likely that a significant amount of the gross accounts receivable will not be collected. ** The post-petition accounts payable balances accrued for above are subject to customary audit and review, which could result in changes to the balances recorded. If upon such audit and review amounts invoiced by vendors are disputed, such disputed amounts are not reflected in the accounts payable balances reflected above. As of the report date, the Debtor has been invoiced cumulative post-petition disputed amounts totalling $2,663,816. OPERATING REPORT Page 4 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS For the Month Ending: August 31, 2003 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 5 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. ________________________________________ For the Debtor In Possession Henry C. Lyon Designated Officer OPERATING REPORT Page 6 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS SUMMARY OF CASH RECIEPTS AND CASH DISBURSEMENTS For the Month Ending: September 30, 2003 BEGINNING BALANCE IN ALL ACCOUNTS $ 8,091,794.78 RECEIPTS: 1. Receipts from Operations $ 138,863.64 2. Other Receipts $ - Other Receipts (Received by Parent or Affiliate) $ - -------------- TOTAL RECEIPTS $ 138,863.64 Less: Receipts received by Parent or Affiliate $ - -------------- ADJUSTED RECEIPTS $ 138,863.64 DISBURSEMENTS 3. Net Payroll a. Officers $ - b. Others $ - 4. Taxes a. Federal Income Taxes $ - b. FICA Withholdings $ - c. Employee's withholdings $ - d. Employer's FICA $ - e. Federal Unemployment Taxes $ - f. State Income Tax $ - g. State Employee withholdings $ - h. All other state taxes 5. Necessary Expenses (Paid by Parent or Affiliate) a. Rent or mortgage payment(s) $ - b. Utilities $ - c. Insurance $ - d. Merchandise bought for manufacture or sell $ - e. Other necessary expenses Bank fees $ 135.80 Computer Access/Hosting Services $ 21,625.00 -------------- TOTAL DISBURSEMENTS $ 21,760.80 Less: Disbursements paid by Parent/Affiliate $ (21,760.80) -------------- ADJUSTED DISBURSEMENTS $ - NET RECEIPTS (DISBURSEMENTS) FOR THE CURRENT PERIOD $ 138,863.64 NET INTERCOMPANY SWEEP TRANSFERS - WAXS $ - -------------- ENDING BALANCE IN Citibank $ 8,432.90 ENDING BALANCE IN BofA-Atlanta GA $ 6,653,488.72 ENDING BALANCE IN BofA-Dallas TX $ 1,568,736.80 -------------- ENDING BALANCE IN ALL ACCOUNTS $ 8,230,658.42 ==============
OPERATING REPORT Page 1 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS RECEIPTS LISTING For the Month Ending: September 30, 2003 Bank: Bank of America Location: Atlanta, GA Account Name: BofA-Atlanta GA Account Number: 329979536
DATE RECEIVED DESCRIPTION AMOUNT ------------------------- ----------- ------------ Receipts from Operations: 9/8/2003 ARC Phone 68,181.82 9/18/2003 ARC Phone 68,181.82 9/18/2003 Tawakaltel 2,500.00 ------------ $ 138,863.64 ============
OPERATING REPORT Page 2 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS For the Month Ending: September 30, 2003 STATEMENT OF INVENTORY Beginning Inventory $ - Add: purchases $ - Less: goods sold $ - ------------- Ending inventory $ - ============= PAYROLL INFORMATION STATEMENT Gross payroll for this period $ - 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 ------------------------ -------------- --------------- ------------------- ------------------- TMR, Inc Monthly $ 40,174.00 0 $ - New World Tower Partners Monthly $ 12,651.40 0 $ - Quinby Building Inc Monthly $ 10,087.82 2 $ 20,175.64 111 Eight Ave, LLC Monthly $ 42,485.59 0 $ - Descalso Howard Monthly $ 8,585.00 0 $ - One Wilshire Arcade Monthly $ 7,938.44 1 $ 7,938.44 Hatfield Philips Monthly $ 5,371.63 0 $ -
OPERATING REPORT Page 3 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS For the Month Ending: September 30, 2003 STATEMENT OF AGED RECEIVABLES
3RD PARTY* INTERCOMPANY TOTAL ---------------- --------------- ------------------ ACCOUNTS RECEIVABLE Beginning of month balance $ 100,549,620.19 $ 7,015,176.24 $ 107,564,796.43 Add: sales on account $ - $ - $ - Less: customer credits $ - $ - $ - Less: collections $ (138,863.64) $ - $ (138,863.64) Less: offsets $ - $ - $ - Less: application of customer deposits $ - $ - $ - ---------------- --------------- ------------------ End of month balance $ 100,410,756.55 $ 7,015,176.24 $ 107,425,932.79 ================ =============== ==================
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total --------- ---------- ---------------- --------------- ------------------ $ - $ - $ - $100,410,756.55 $ 100,410,756.55
STATEMENT OF ACCOUNTS PAYABLE (POST-PETITION)
3RD PARTY INTERCOMPANY TOTAL ---------------- --------------- ------------------ Beginning of month balance $ 5,528,060.86 $ 5,092,046.09 $ 10,620,106.95 Add: sales on account** $ 21,760.80 $ - $ 21,760.80 Add: intercompany activity Expenses paid directly by Parent or Affiliate $ (21,760.80) $ 21,760.80 $ - Net cash advanced by Parent or Affiliate $ - $ - $ - Credit extended by Parent or Affiliate $ - $ - $ - Amounts collected on behalf of Affiliate $ - $ - $ - Less: payments $ - $ - $ - ---------------- --------------- ------------------ End of month balance $ 5,528,060.86 $ 5,113,806.89 $ 10,641,867.75 ================ =============== ==================
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total --------- ---------- ---------------- --------------- ------------------ $ - $ - $ - $ 5,528,060.86 $ 5,528,060.86
*Accounts receivable balances represent gross amounts due from former customers. The vast majority of these balances are either being pursued via collection litigation or are claims against the former customers' bankruptcy estates. Thus, it is highly likely that a significant amount of the gross accounts receivable will not be collected. **The post-petition accounts payable balances accrued for above are subject to customary audit and review, which could result in changes to the balances recorded. If upon such audit and review amounts invoiced by vendors are disputed, such disputed amounts are not reflected in the accounts payable balances reflected above. As of the report date, the Debtor has been invoiced cumulative post-petition disputed amounts totalling $2,663,816. OPERATING REPORT Page 4 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS For the Month Ending: September 30, 2003 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 5 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. _____________________________________________ For the Debtor In Possession Henry C. Lyon Designated Officer OPERATING REPORT Page 6