8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) August 16, 2007

PubliCARD, Inc.

(Exact Name of Registrant as Specified in Its Charter)

Pennsylvania	001-03315	23-0991870
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

Seventy Five Rockefeller Plaza, 16th Floor, New York, NY	10019
(Address of Principal Executive Offices)	(Zip Code)

Registrant's telephone number, including area code (212) 265-7013

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 7.01 REGULATION FD DISCLOSURE

Operating Report

On August 15, 2007, PubliCARD, Inc. (“PubliCARD”, the “Debtor” or the “Company”) filed its unaudited Monthly Operating Report for the month ended July 31, 2007 (the “Monthly Operating Report”) with the United States Bankruptcy Court for the Southern District of New York (the “Court”) (In re PubliCARD, Inc., Case No. 07-11517). On August 16, 2007, the Company filed an amended Monthly Operating Report with the Court to reflect a change in the accounting for certain reimbursements received from the Arizona Department of Environmental Quality. Exhibits 99.1 and 99.2 to this Current Report on Form 8-K contain the unaudited Monthly Operating Reports as filed with the Court. Exhibits 99.1 and 99.2 to this Current Report on Form 8-K contain the unaudited Monthly Operating Reports as filed with the Court.

The Monthly Operating Report is limited in scope, covers a limited time period, and has been prepared solely for the purpose of complying with the monthly reporting requirements of the Court. The Company’s subsidiaries have not filed for bankruptcy protection, and financial information regarding such subsidiaries is not part of the consolidated group included in the Monthly Operating Report. The financial information in the Monthly Operating Report is preliminary and unaudited and does not purport to show the financial statements of the Debtor in accordance with accounting principles generally accepted in the United States of America (“GAAP”), and therefore may exclude items required by GAAP, such as certain reclassifications, eliminations, accruals, and disclosure items. The Company cautions readers not to place undue reliance upon the Monthly Operating Report. There can be no assurance that such information is complete. The Monthly Operating Report may be subject to revision. The Monthly Operating Report is in a format required by the U.S. Bankruptcy Code (“Bankruptcy Code”) and should not be used for investment purposes. The information in the Monthly Operating Report should not be viewed as indicative of future results.

Limitation on Incorporation by Reference

The Monthly Operating Report is being furnished for informational purposes only and is not deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended. Registration statements or other documents filed with the U.S. Securities and Exchange Commission (“SEC”) shall not incorporate the Monthly Operating Report or any other information set forth in this Current Report on Form 8-K by reference, except as otherwise expressly stated in such filing. This Current Report on Form 8-K will not be deemed an admission as to the materiality of any information in the report that is required to be disclosed solely by Regulation FD.

FORWARD-LOOKING STATEMENTS

This Current Report on Form 8-K, including the exhibits being filed as part of this report, as well as other statements made by PubliCARD may contain forward-looking statements that reflect, when made, the Company’s current views with respect to current events and financial performance. Such forward-looking statements are and will be, as the case may be, subject to many risks, uncertainties and factors relating to the Company’s operations and business environment which may cause the actual results of the Company to be materially different from any future results, express or implied, by such forward-looking statements. In some cases, you can identify these statements by forward-looking words such as “may,” “might,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue,” the negative of these terms and other comparable terminology. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, the following: the ability of the Company to continue as a going concern; the terms of any reorganization plan ultimately confirmed; the Company’s ability to obtain Court approval with respect to motions in the chapter 11 cases prosecuted by it from time to time; the ability of the Company to develop, prosecute, confirm and consummate one or more plans of reorganization with respect to the chapter 11 case; risks associated with third parties seeking and obtaining Court approval to terminate or shorten the exclusivity period for the Company to propose and confirm one or more plans of reorganization, for the appointment of a chapter 11 trustee or to convert the case into a chapter 7 case; the ability of the Company to obtain and maintain normal terms with vendors and service providers; the Company’s ability to maintain contracts that are critical to its operations; the potential adverse impact of the chapter 11 case on the Company’s liquidity or results of operations; the ability of the Company to fund and execute a business plan and to do so in a timely manner and the ability of the Company to attract, motivate and/or retain key executives and associates. Additional factors that could affect future results are identified in the Annual Report on Form 10-K for the year ended December 31, 2006 filed with the SEC. 

2

PubliCARD disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events and/or otherwise. Similarly, these and other factors, including the terms of any reorganization plan ultimately confirmed, can affect the value of the Company’s various prepetition liabilities, common stock and/or other equity securities. A plan of reorganization could result in holders of PubliCARD’s common stock receiving no distribution on account of their interest and cancellation of their interests. In addition, under certain conditions specified in the Bankruptcy Code, a plan of reorganization may be confirmed notwithstanding its rejection by an impaired class of creditors or equity holders and notwithstanding the fact that equity holders do not receive or retain property on account of their equity interests under the plan. In light of the foregoing, the Company considers the value of the common stock to be highly speculative and cautions equity holders that the stock may ultimately be determined to have no value. Accordingly, the Company urges that appropriate caution be exercised with respect to existing and future investments in PubliCARD’s common stock or other equity interests or any claims relating to prepetition liabilities.

Item 9.01. Financial Statements and Exhibits.

(a) Not applicable

(b) Not applicable

(c) Exhibits

99.1 PubliCARD Inc.’s Monthly Operating Report for the Month Ended July 31, 2007.

99.2 PubliCARD Inc.’s amendment to its Monthly Operating Report for the Month Ended July 31, 2007.

3

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	PubliCARD, Inc.
	Registrant
Date: August 17, 2007	By:	/s/ Joseph Sarachek
		Joseph E. Sarachek, President
		Chief Executive Officer

4

EXHIBIT INDEX

Exhibit Number Description

99.1 PubliCARD Inc.’s Monthly Operating Report for the Month Ended July 31, 2007.

99.2 PubliCARD Inc.’s amendment to its Monthly Operating Report for the Month Ended July 31, 2007.

5

EX-99.1

Exh 99.1

Law Offices of David C. McGrail

676A Ninth Avenue #211

New York, NY 10036/

Tel: (646) 290-6496

Fax: (646) 224-8377

David C. McGrail (DM 3904)

Counsel To PubliCARD, Inc.

UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK
	:	Chapter 11
In re:PUBLICARD, INC.,	:	Case No. 07-11517 (RDD)
Debtor	:
	:
	:
	:
	:
	:

MONTHLY CONSOLIDATED STATEMENT

FOR THE PERIOD ENDED

July 31, 2007

MONTHLY RECEIPTS:	$	228
MONTHLY DISBURSEMENTS:	$	24,847

THIS OPERATING STATEMENT MUST BE SIGNED BY A REPRESENTATIVE OF THE DEBTOR

The undersigned, having reviewed the attached report and being familiar with the debtor's financial affairs, verifies under penalty of perjury, that the information contained therein is complete, accurate and truthful to the best of my knowledge.

Date:	16-Aug-07	By:	/s/ Marc B. Ross
		Title:	Principal Financial Officer

Indicate if this is an amended statement by checking here o

PubliCARD, Inc.

(Debtor-In-Possession)

Statement Of Operations

For Period Ending July 31, 2007

Accrual Basis

		Current Month			Case-To-Date
		July 31, 2007			July 31, 2007
Revenue	$	-		$	-
Operating Expenses
Direct Cost Of Revenue		-			-
Selling, General and Administrative		41,193			94,220
Depreciation Of Fixed Assets		96			288
Total Operating Expenses		41,289			94,508
Operating Gain/(Loss)		(41,289	)		(94,508	)
Other Expense/(Income)
Interest Expense		-			-
Loss/(Gain) On The Sale Of Assets		-			-
US Trustee Fees - Q2 2007		250			250
Insurance Settlements		-			(71,916	)
Interest Income		(228	)		(409	)
Income/(Loss) Before Reorganizational Items and Taxes		(41,311	)		(22,433	)
Reorganization Professional Fees (Estimated and Accrued)    (1)		6,000			14,000
Gain/(Loss) Before Income Taxes		(47,311	)		(36,433	)
Provision For Income Taxes		-			-
Net Income/(Loss)		(47,311	)		(36,433	)
Deficit Beginning of Period		(113,602,452	)		(113,613,330	)
Deficit End Of Period	$	(113,649,763	)	$	(113,649,763	)
		-			-
(1) Includes estimated and accrued fees for debtor professionals.

2

PubliCARD, Inc.
(Debtor-In-Possession)
Balance Sheet
As of July 31, 2007
		July 31, 2007			June 30, 2007			May 17, 2007
		Balance Sheet			Balance Sheet			Balance Sheet
Current Assets
Cash	$	75,055		$	99,674		$	39,723
Restricted Cash		-			-			-
Due From Related Parties		-			-			-
Accounts Receivable-Net		(268	)		(268	)		13,364
Inventory Net		-			-			-
Prepaid Rent		-			-			-
Prepaid Insurance		27,739			27,340			43,272
Prepaid Professional		-			-			-
Prepaid Expenses		19,200			19,200			19,200
Total Current Assets		121,726			145,946			115,559
Property, Plant, & Equipment - Gross		14,404			14,404			14,404
Accumulated Depreciation		(10,374	)		(10,279	)		(10,088	)
Property, Plant, & Equipment - Net		4,030			4,125			4,316
Intangibles - Gross		-			-			-
Accumulated Amortization		-			-			-
Intangibles - Net		-			-			-
Organizational Costs		-			-			-
Other - Non-Current		-			-			-
Total Assets	$	125,756		$	150,071		$	119,875
Post-Petition Liabilities
Cash Overdrafts	$	-			-		$	-
Accounts Payable		2,090			8,300			-
Deferred Subscription Revenues		-			-			-
Accrued Payroll/Commission		1,694			3,018			-
Other Current Liabilities/Accrued Professional Fees (Estimated)		14,000			8,000			-
Total Post Petition Current Liabilities		17,784			19,318			-
Pre-Petition Liabilities
Cash Overdrafts		-			-			-
Accounts Payable		294,021			269,491			269,491
Deferred Revenues		-			-			-
Accrued Payroll/Commission		-			-			-
Obligations For Capital Leases Current		-			-			-
Other Current Liabilities		19,800			19,800			19,800
Total Pre- Petition Current Liabilities		313,821			289,291			289,291
Interest Payable		-			-			-
Other Long Term Liabilities		-			-			-
		-			-			-
Total Liabilities	$	331,605		$	308,609		$	289,291
Stockholders Deficit
Class A Preferred Stock Second Series, no par value:1,000 shares authorized	$	2,325,000			2,325,000		$	2,325,000
465 shares issued and outstanding
Common shares, $0.10 par value: 40,000,000 shares authorized; 24,940,902	$	2,494,090			2,494,090			2,494,090
shares outstanding
Additional paid-in capital	$	108,624,824			108,624,824		$	108,624,824
Accumulated deficit	$	(113,649,763	)		(113,602,452	)	$	(113,613,330	)
Total Stockholders Equity/(Deficit)	$	(205,849	)	$	(158,538	)	$	(169,416	)
Total Liabilities and Stockholder Equity	$	125,756		$	150,071		$	119,875

3

PubliCARD, Inc.
(Debtor-In-Possession)
Statement Of Cash Flow
For Period Ending July 31, 2007
		Current Month			Case-To-Date
		July 31, 2007			July 31, 2007
Net Income/(Loss)	$	(47,311	)	$	(36,433	)
(Less)/Add: Depreciation		96			288
(Less)/Add: Amortization
(Increase)/Decrease In Net Assets
Net Accounts Receivable		-			13,632
Net Inventory		-			-
Prepaid Rent
Prepaid & Other Expenses		(400	)		15,531
Increase/(Decrease) In Liabilities
Bank Overdrafts		-			-
Accounts Payable		18,320			26,620
Deferred Revenues		-			-
Accrue Payroll/Commission		(1,324	)		1,694
Other Current Liabilities		6,000			14,000
Other Non-Current Liabilities
Cash Provided by/(used in) operations		(24,619	)		35,332
Capital Expenditures		-			-
Cash provided by/(used in) investing activities		-			-
Proceeds/(Repayments of) Debt		-			-
Cash provided by (used in) financing activities		-			-
Change in cash		(24,619	)		35,332
Cash Balance at the Beginning Of Period		99,674			39,723
Cash Balance at the End of the Period	$	75,055		$	75,055

4

PubliCARD, Inc.
(Debtor-In-Possession)
Statement Of Receipts And Disbursements
For Period Ending July 31, 2007
		Month Ended
Disbursements		July 31, 2007
Checks Cut From Operating Account	$	14,210
Wires From Operating Account		-
Payments To Professionals		-
Voided Checks		-
Benefits		-
Payroll and Associated Taxes		10,468
Bank and Payroll fees		169
Taxes		-
Wires From Depository Account		-
Disbursements From Depository Account		-
Principal Repaments		-
Total Disbursements	$	24,847
Receipts
Interest Income	$	228
A/R Receipts		-
Insurance Settlements		-
Total Receipts	$	228
Net Inflow/(Outflow)	$	(24,619	)

5

PubliCARD, Inc.
(Debtor-In-Possession)
Disbursement List
For Period Ending July 31, 2007
		Month Ended
Disbursements		July 31, 2007
Dow Jones	$	6,142
Triax		3,472
Iron Mountain		1,574
Sarachek		7,500
Spitzer		1,694
Spitzer - Expense Reimbursement		289
U.S. Department of Justice		250
DE Secretary of State		328
Vintage Filing Service		314
Continental Stock Transfer		505
Chubb Insurance		1,314
Federal Express		22
Payroll Taxes		1,274
ADP		169
Total	$	24,847

6

Wachovia
Bank Reconciliation
Account	Bank Balance		Book Balance		Variance
2030000846371	$	75,055	$	75,055	$	-
Checks Outstanding
Number		Payee		Amount
Total			$	-
Deposits In Transit
Net Adjustments			$	-

7

PubliCARD, Inc.
(Debtor-In-Possession)
Variance To Budget
For Period Ending July 31, 2007
Accrual Basis
			Actual			Projected			Variance
			July 31, 2007			July 31, 2007			July 31, 2007
Revenue		$	-		$	-		$	-
Operating Expenses
Wages and Payroll Taxes			12,112			12,258			146
Rent			3,472			3,750			278
Insurance Expense	(1)		(10,290	)		7,965			18,255
Office Expenses			2,426			4,000			1,574
Pre-petition claims	(2)		24,350			-			(24,350	)
Other Expenses	(3)		9,373			4,000			(5,373	)
Depreciation Of Fixed Assets			96			96			(0	)
Total Operating Expenses			41,539			32,069			(9,470	)
Operating Gain/(Loss)			(41,539	)		(32,069	)		9,470
Other Expense/(Income)
Interest Expense			-			-			-
Loss/(Gain) On The Sale Of Assets			-			-			-
Claim Settlement			-			-			-
Insurance Settlements			-			-			-
Interest Income			(228	)		-			228
Gain/(Loss) Before Reorganizational Items and Taxes			(41,311	)		(32,069	)		9,242
Reorganization Professional Fees (Estimated and Accrued)			6,000			6,000			-
Gain/(Loss) Before Income Taxes			(47,311	)		(38,069	)		(9,242	)
Provision For Income Taxes			-			-			-
Net Income/(Loss)		$	(47,311	)	$	(38,069	)	$	(9,242	)
(1) Insurance expense for the current month were a net credit as a result of an adjustment to prepaid insurance balances.
(2) Adjustments to pre-petition claims based upon claims filed.
(3) Other expense variance was a result of additional expenses related to advertising for the bar date order.

8

PubliCARD, Inc.
(Debtor-In-Possession)
Budget
For Period Ending July 31, 2007
Accrual Basis
		Projected
		August 31, 2007
Revenue	$	-
Operating Expenses
Wages and Payroll Taxes		11,800
Rent		4,000
Insurance Expense		7,600
Office Expenses		4,000
Other Expenses		4,000
Depreciation Of Fixed Assets		96
Total Operating Expenses		31,496
Operating Gain/(Loss)		(31,496	)
Other Expense/(Income)
Interest Expense		-
Loss/(Gain) On The Sale Of Assets		-
Claim Settlement		-
Insurance Settlements		-
Interest Income		-
Income/(Loss) Before Reorganizational Items and Taxes		(31,496	)
Reorganization Professional Fees (Estimated)		6,000
Income/(Loss) Before Income Taxes		(37,496	)
Provision For Income Taxes		-
Net Income/(Loss)	$	(37,496	)

9

PubliCARD, Inc.

(Debtor-In-Possession)

Debtor Questionnaire

For Period Ending Net Income/(Loss) July 31, 2007

	Yes	No
1. Have any assets been sold or transferred outside the normal course of business during this reporting period? If yes, provide an explanation below.		X
2. Have any funds been disbursed from any account other than a debtor-in- possession account this reporting period? If yes, provide an explanation below.		X
3. Have all post-petition tax returns been timely filed? If no, provide an explanation below.	X
4. Are workers compensation, general liability and other necessary insurance coverages in effect? If no, provide an explanation below.	X

10

EX-99.2

Exh 99.2

Law Offices of David C. McGrail

676A Ninth Avenue #211

New York, NY 10036

Tel: (646) 290-6496

Fax: (646) 224-8377

David C. McGrail (DM 3904)

Counsel To PubliCARD, Inc.

UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK
	:	Chapter 11
In re:PUBLICARD, INC.,	:	Case No. 07-11517 (RDD)
Debtor	:
	:
	:
	:
	:
	:

MONTHLY CONSOLIDATED STATEMENT

FOR THE PERIOD ENDED

July 31, 2007

MONTHLY RECEIPTS:	$	228
MONTHLY DISBURSEMENTS:	$	24,847

THIS OPERATING STATEMENT MUST BE SIGNED BY A REPRESENTATIVE OF THE DEBTOR

The undersigned, having reviewed the attached report and being familiar with the debtor's financial affairs, verifies under penalty of perjury, that the information contained therein is complete, accurate and truthful to the best of my knowledge.

Date: 16-Aug-07	By:	/s/ Marc B. Ross
		Title:Principal Financial Officer

Indicate if this is an amended statement by checking here x

PubliCARD, Inc.
(Debtor-In-Possession)
Statement Of Operations
For Period Ending July 31, 2007
Accrual Basis
		Current Month			Case-To-Date
		July 31, 2007			July 31, 2007
Revenue	$	-		$	-
Operating Expenses
Direct Cost Of Revenue		-			-
Selling, General and Administrative		46,373			94,219
Depreciation Of Fixed Assets		96			288
Total Operating Expenses		46,469			94,507
Operating Gain/(Loss)		(46,469	)		(94,507	)
Other Expense/(Income)
Interest Expense		-			-
Loss/(Gain) On The Sale Of Assets		-			-
US Trustee Fees - Q2 2007		250			250
Interest Income		(228	)		(409	)
Income/(Loss) Before Reorganizational Items and Taxes		(46,491	)		(94,348	)
Reorganization Professional Fees (Estimated and Accrued)   (1)		6,000			14,000
Gain/(Loss) Before Income Taxes		(52,491	)		(108,348	)
Provision For Income Taxes		-			-
Net Income/(Loss)		(52,491	)		(108,348	)
Deficit Beginning of Period		(113,669,187	)		(113,613,330	)
Deficit End Of Period	$	(113,721,678	)	$	(113,721,678	)
		-			-
(1) Includes estimated and accrued fees for debtor professionals.

2

PubliCARD, Inc.
(Debtor-In-Possession)
Balance Sheet
As of July 31, 2007
		July 31, 2007			June 30, 2007			May 17, 2007
		Balance Sheet			Balance Sheet			Balance Sheet
Current Assets
Cash	$	75,055		$	99,674		$	39,723
Restricted Cash		-			-			-
Due From Related Parties		-			-			-
Accounts Receivable-Net		(268	)		(268	)		13,364
Inventory Net		-			-			-
Prepaid Rent		-			-			-
Prepaid Insurance		27,739			32,520			43,272
Prepaid Professional		-			-			-
Prepaid Expenses		19,200			19,200			19,200
Total Current Assets		121,726			151,126			115,559
Property, Plant, & Equipment - Gross		14,404			14,404			14,404
Accumulated Depreciation		(10,374	)		(10,279	)		(10,088	)
Property, Plant, & Equipment - Net		4,030			4,125			4,316
Intangibles - Gross		-			-			-
Accumulated Amortization		-			-			-
Intangibles - Net		-			-			-
Organizational Costs		-			-			-
Other - Non-Current		-			-			-
Total Assets	$	125,756		$	155,251		$	119,875
Post-Petition Liabilities
Cash Overdrafts	$	-		$	-		$	-
Accounts Payable		2,090			8,300			-
Deferred Subscription Revenues		-			-			-
Accrued Payroll/Commission		1,694			3,018			-
Due to Affiliates		71,915			71,915			-
Other Current Liabilities/Accrued Professional Fees (Estimated)		14,000			8,000			-
Total Post Petition Current Liabilities		89,699			91,233			-
Pre-Petition Liabilities
Cash Overdrafts		-			-			-
Accounts Payable		294,021			269,491			269,491
Deferred Revenues		-			-			-
Accrued Payroll/Commission		-			-			-
Obligations For Capital Leases Current		-			-			-
Other Current Liabilities		19,800			19,800			19,800
Total Pre- Petition Current Liabilities		313,821			289,291			289,291
Interest Payable		-			-			-
Other Long Term Liabilities		-			-			-
		-			-			-
Total Liabilities	$	403,520		$	380,524		$	289,291
Stockholders Deficit
Class A Preferred Stock Second Series, no par value:1,000 shares authorized	$	2,325,000			2,325,000		$	2,325,000
465 shares issued and outstanding
Common shares, $0.10 par value: 40,000,000 shares authorized; 24,940,902	$	2,494,090			2,494,090			2,494,090
shares outstanding
Additional paid-in capital	$	108,624,824			108,624,824		$	108,624,824
Accumulated deficit	$	(113,721,678	)		(113,669,187	)	$	(113,613,330	)
Total Stockholders Deficit	$	(277,764	)	$	(225,273	)	$	(169,416	)
Total Liabilities and Stockholder Equity	$	125,756		$	155,251		$	119,875

3

PubliCARD, Inc.
(Debtor-In-Possession)
Statement Of Cash Flow
For Period Ending July 31, 2007
		Current Month			Case-To-Date
		July 31, 2007			July 31, 2007
Net Income/(Loss)	$	(52,491	)	$	(108,348	)
(Less)/Add: Depreciation		96			288
(Less)/Add: Amortization
(Increase)/Decrease In Net Assets
Net Accounts Receivable		-			13,632
Net Inventory		-			-
Prepaid Rent
Prepaid & Other Expenses		4,780			15,531
Increase/(Decrease) In Liabilities
Bank Overdrafts		-			-
Accounts Payable		18,320			26,620
Deferred Revenues		-			-
Accrue Payroll/Commission		(1,324	)		1,694
Other Current Liabilities		6,000			14,000
Collection of insurance proceeds Due to Inactive Affiliates		-			71,915
Cash Provided by/(used in) operations		(24,619	)		35,332
Capital Expenditures		-			-
Cash provided by/(used in) investing activities		-			-
Proceeds/(Repayments of) Debt		-			-
Cash provided by (used in) financing activities		-			-
Change in cash		(24,619	)		35,332
Cash Balance at the Beginning Of Period		99,674			39,723
Cash Balance at the End of the Period	$	75,055		$	75,055

4

PubliCARD, Inc.
(Debtor-In-Possession)
Statement Of Receipts And Disbursements
For Period Ending July 31, 2007
		Month Ended
Disbursements		July 31, 2007
Checks Cut From Operating Account	$	14,210
Wires From Operating Account		-
Payments To Professionals		-
Voided Checks		-
Benefits		-
Payroll and Associated Taxes		10,468
Bank and Payroll fees		169
Taxes		-
Wires From Depository Account		-
Disbursements From Depository Account		-
Principal Repaments		-
Total Disbursements	$	24,847
Receipts
Interest Income	$	228
A/R Receipts		-
Insurance Settlements		-
Total Receipts	$	228
Net Inflow/(Outflow)	$	(24,619	)

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PubliCARD, Inc.
(Debtor-In-Possession)
Disbursement List
For Period Ending July 31, 2007
		Month Ended
Disbursements		July 31, 2007
Dow Jones	$	6,142
Triax		3,472
Iron Mountain		1,574
Sarachek		7,500
Spitzer		1,694
Spitzer - Expense Reimbursement		289
U.S. Department of Justice		250
DE Secretary of State		328
Vintage Filing Service		314
Continental Stock Transfer		505
Chubb Insurance		1,314
Federal Express		22
Payroll Taxes		1,274
ADP		169
Total	$	24,847

6

Wachovia
Bank Reconciliation
Account	Bank Balance		Book Balance		Variance
2030000846371	$	75,055	$	75,055	$	-
Checks Outstanding
Number		Payee		Amount
Total			$	-
Deposits In Transit
Net Adjustments			$	-

7

PubliCARD, Inc.
(Debtor-In-Possession)
Variance To Budget
For Period Ending July 31, 2007
Accrual Basis
			Actual			Projected			Variance
			July 31, 2007			July 31, 2007			July 31, 2007
Revenue		$	-		$	-		$	-
Operating Expenses
Wages and Payroll Taxes			12,112			12,258			146
Rent			3,472			3,750			278
Insurance Expense			4,781			7,965			3,184
Office Expenses			1,908			4,000			2,092
Pre-petition claims	(2)		24,350			-			(24,350	)
Other Expenses	(3)		-			4,000			4,000
Depreciation Of Fixed Assets			96			96			(0	)
Total Operating Expenses			46,719			32,069			(14,650	)
Operating Gain/(Loss)			(46,719	)		(32,069	)		14,650
Other Expense/(Income)
Interest Expense			-			-			-
Loss/(Gain) On The Sale Of Assets			-			-			-
Claim Settlement			-			-			-
Insurance Settlements			-			-			-
Interest Income			(228	)		-			228
Gain/(Loss) Before Reorganizational Items and Taxes			(46,491	)		(32,069	)		14,422
Reorganization Professional Fees (Estimated and Accrued)			6,000			6,000			-
Gain/(Loss) Before Income Taxes			(52,491	)		(38,069	)		(14,422	)
Provision For Income Taxes			-			-			-
Net Income/(Loss)		$	(52,491	)	$	(38,069	)	$	(14,422	)
(1) Adjustments to pre-petition claims based upon claims filed.

8

PubliCARD, Inc.
(Debtor-In-Possession)
Budget
For Period Ending July 31, 2007
Accrual Basis
		Projected
		August 31, 2007
Revenue	$	-
Operating Expenses
Wages and Payroll Taxes		11,800
Rent		4,000
Insurance Expense		7,600
Office Expenses		4,000
Other Expenses		4,000
Depreciation Of Fixed Assets		96
Total Operating Expenses		31,496
Operating Gain/(Loss)		(31,496	)
Other Expense/(Income)
Interest Expense		-
Loss/(Gain) On The Sale Of Assets		-
Claim Settlement		-
Insurance Settlements		-
Interest Income		-
Income/(Loss) Before Reorganizational Items and Taxes		(31,496	)
Reorganization Professional Fees (Estimated)		6,000
Income/(Loss) Before Income Taxes		(37,496	)
Provision For Income Taxes		-
Net Income/(Loss)	$	(37,496	)

9

PubliCARD, Inc.

(Debtor-In-Possession)

Debtor Questionnaire

For Period Ending July 31, 2007

	Yes	No
1. Have any assets been sold or transferred outside the normal course of business during this reporting period? If yes, provide an explanation below.		X
2. Have any funds been disbursed from any account other than a debtor-in- possession account this reporting period? If yes, provide an explanation below.		X
3. Have all post-petition tax returns been timely filed? If no, provide an explanation below.	X
4 .Are workers compensation, general liability and other necessary insurance coverages in effect? If no, provide an explanation below.	X

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