EX-99.4 5 d173855dex994.htm EX-99.4 EX-99.4

Exhibit 99.4

Case 23-80004-swe11  Doc 213  Filed 01/19/24  Entered 01/19/24 23:54:43  Desc

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SIDLEY AUSTIN LLP

Thomas R. Califano (24122825)

Rakhee V. Patel (00797213)

Jeri Leigh Miller (24102176)

2021 McKinney Avenue, Suite 2000

Dallas, Texas 75201

Telephone:    (214) 981-3300
Facsimile:    (214) 981-3400
Email:    tom.califano@sidley.com
   rpatel@sidley.com
   jeri.miller@sidley.com

SIDLEY AUSTIN LLP

Andres Barajas (admitted pro hac vice)

Weiru Fang (admitted pro hac vice)

787 Seventh Avenue

New York, New York 10019

Telephone:    (212) 839-5300
Facsimile:    (212) 839-5599
Email:    andres.barajas@sidley.com
   weiru.fang@sidley.com

Proposed Attorneys for the Debtors

and Debtors in Possession

IN THE UNITED STATES BANKRUPTCY COURT

FOR THE NORTHERN DISTRICT OF TEXAS

DALLAS DIVISION

 

In re:         Chapter 11
 
EBIX, INC., et al.1         Case No. 23-80004 (SWE)
 
     Debtors.    (Jointly Administered)

 

1 

The Debtors in these chapter 11 cases, along with the last four digits of each Debtor’s federal tax identification number, as applicable, are: Ebix, Inc. (1975), Vertex, Incorporated (6295), P.B. Systems, Inc. (9074), Ebix Consulting, Inc. (6666), Ebix US, LLC (N/A), Facts Services, Inc. (1348), Doctors Exchange, Inc. (N/A), Ebix International LLC (N/A), Agency Solutions.com, LLC d/b/a Health Connect LLC (N/A), ConfirmNet Corporation (2737), A.D.A.M., Inc. (8070), and Ebix Latin America, LLC (N/A). The Debtors’ mailing address is 1 Ebix Way, Johns Creek, Georgia 30097.

Case 23-80004-swe11  Doc 213  Filed 01/19/24  Entered 01/19/24 23:54:43  Desc

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GLOBAL NOTES FOR THE

DECEMBER, 2023 MONTHLY OPERATING REPORTS

On December 17, 2023, (the “Petition Date”) Ebix, Inc. and its affiliated debtors in the above-captioned chapter 11 cases (each a “Debtor” and, collectively, the “Debtors”) commenced voluntary cases (the “Chapter 11 Cases”) under chapter 11 of title 11, United States Code, §§ 101 et seq. (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Northern District of Texas (the “Court”).

The Debtors continue to operate their business and manage their properties as debtors in possession pursuant to sections 1107(a) and 1108 of the Bankruptcy Code. The Chapter 11 Cases have been consolidated for procedural purposes only and are being jointly administered under case number 23-80004 (SWE).

 

1.

General Methodology: The Debtors are filing this monthly operating report (the “MOR”) solely for purposes of complying with the monthly operating requirements of the Debtors’ Chapter 11 Cases. The financial information contained herein is unaudited, limited in scope, and as such, has not been subjected to procedures that would typically be applied to financial statements in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The MOR should not be relied on by any persons for information relating to current or future financial condition, events, or performance of any of the Debtors or their affiliates, as the results of operations contained herein are not necessarily indicative of results that may be expected from any other period or for the full year, and may not necessarily reflect the combined results of operations, financial position, and schedule of receipts and disbursements in the future. There can be no assurance that such information is complete, and the MOR may be subject to revision. The following notes, statements, and limitations should be referred to, and referenced in connection with, any review of the MOR.

 

2.

Basis of Presentation: For financial reporting purposes, the Debtors prepare consolidated financial statements, which include information for Ebix Inc., and its Debtor affiliates. This MOR only contains financial information of the Debtors, and has been prepared on a condensed combined basis. The Debtors are maintaining their books and records in accordance with U.S. GAAP and the information furnished in this MOR uses the Debtors’ normal accrual method of accounting. In preparing the MOR, the Debtors relied on financial data derived from their books and records that was available at the time of preparation. Nevertheless, in preparing this MOR, the Debtors made reasonable efforts to supplement the information set forth in their books and records with additional information concerning transactions that may not have been identified therein. Subsequent information or discovery may result in material changes to the MOR and errors or omissions may exist. Notwithstanding any such discovery, new information, or errors or omissions, the Debtors do not undertake any obligation or commitment to update this MOR. The financial statements presented herein reflect the book values of the Debtor entities of Ebix Inc., and, as a result, do not reflect the going concern valuation of the Debtors. The Company is not liable for and undertakes no responsibility to indicate variations from securities laws or for any evaluations of the Company based on this financial information or any other information.

 

   2   

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3.

Reporting Period: Unless otherwise noted herein, the MOR generally reflects the Debtors’ books and records and financial activity occurring during the applicable reporting period. For purposes of this first MOR, the December stub-period financials have been pro-rated for the post-petition period, and except as otherwise noted, no adjustments have been made for activity occurring after the close of the reporting period.

 

4.

Accuracy: The financial information disclosed herein was not prepared in accordance with federal or state securities laws or other applicable nonbankruptcy law or in lieu of complying with any periodic reporting requirements thereunder. Persons and entities trading in or otherwise purchasing, selling, or transferring the claims against or equity interests in the Debtors should evaluate this financial information in light of the purposes for which it was prepared. The Debtors are not liable for and undertake no responsibility to indicate variations from securities laws or for any evaluations of the Debtors based on this financial information or any other information.

 

5.

Investments in Subsidiaries: The book basis for investments in subsidiaries are not representative of the fair value or net assets of Debtor and non-debtor subsidiaries.

 

6.

Payments of Prepetition Claims Pursuant to First Day Orders: Following the Petition Date, the Court entered certain orders authorizing, but not directing, the Debtors to, among other things, pay certain (a) insurance obligations; (b) employee wages, salaries, additional compensation, contractor obligations, and employee benefit programs; (c) taxes and fees; (d) utilities; (e) service charges and other fees, costs, and expenses charged by the Debtors’ cash management banks; and (f) certain critical vendor payments.

 

7.

Insiders: For purposes of this MOR, the Debtors defined “insiders” pursuant to section 101(31) of the Bankruptcy Code as: (a) directors; (b) officers; (c) persons in control of the Debtors; (d) relatives of the Debtors’ directors, officers, or persons in control of the Debtors; and (e) Debtor and non-Debtor affiliates of the foregoing. Moreover, the Debtors do not take a position with respect to: (a) any insider’s influence over the control of the Debtors; (b) the management responsibilities or functions of any such insider; (c) the decision making or corporate authority of any such insider; or (d) whether the Debtors or any such insider could successfully argue that he or she is not an “insider” under applicable law, with respect to any theories of liability, or for any other purpose.

 

8.

Payments to Insiders: All payments made by the Debtors to “Insiders,” as such term is defined in 11 U.S.C. § 101(31), included wage compensation and benefits in the ordinary course due to those individuals. This information is available upon request.

 

9.

Postpetition Borrowing: Following the Petition Date, the Court approved debtor-in-possession borrowing as set forth in the Interim Order (I) Authorizing (A) Postpetition Financing, and (B) The Use of Cash Collateral; (II) Granting Liens and Providing Superpriority Administrative Expense Claims; (III) Granting Adequate Protection to Prepetition Lenders; (IV) Modifying the Automatic Stay; (V) Scheduling a Final Hearing; and (VI) Granting Related Relief [Docket No. 64].

 

   3   

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10.

Bank Accounts: All the bank accounts were established prefiling in the name of Ebix, Inc. All of these bank accounts are utilized for all of the Debtors.

 

11.

Internal Transfers: Internal transfers between the Debtors are not included as receipts in the financial statements for each Debtor. Because the Monthly Operating Reports have not been prepared on a consolidated basis, this has resulted in negative cash balances for some Debtors.

 

12.

Estimation of Claims: The amounts of Secured, Unsecured, and Priority Claims reported in the Monthly Operating Reports are estimated based on the Debtors’ available information.

 

13.

Attachments and Exhibits: Bank statements and other supporting documents and exhibits for all Debtors are attached to the Monthly Operating Report of Ebix, Inc. Any documents, exhibits, or statements attached to the Monthly Operating Report of Ebix, Inc. are incorporated by reference into the Monthly Operating Report for all Debtors.

 

14.

Reservation of Rights: The Debtors reserve all rights to amend or supplement the MOR in all respects, as may be necessary or appropriate, but shall be under no obligation to do so. Nothing contained in this MOR shall constitute a waiver of any of the Debtors’ rights or an admission with respect to their Chapter 11 Cases.

* * * END OF GLOBAL NOTES * * *

 

   4   

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UNITED STATES BANKRUPTCY COURT

NORTHERN DISTRICT OF TEXAS

DALLAS

 

In Re. P.B. Systems, Inc.    §    Case No. 23-80006                    
   §   
       §    Lead Case No. 23-80004                  
Debtor(s)    §   
        ☒Jointly Administered

 

Monthly Operating Report         Chapter 11

 

Reporting Period Ended:    12/31/2023       Petition Date:    12/17/2023

 

Months Pending: 0           Industry Classification:    5     1     8     2 

 

Reporting Method:    Accrual Basis  LOGO    Cash Basis  LOGO   

 

Debtor’s Full-Time Employees (current):   

0     

   
Debtor’s Full-Time Employees (as of date of order for relief):   

0     

   

Supporting Documentation (check all that are attached):

(For jointly administered debtors, any required schedules must be provided on a non-consolidated basis for each debtor)

 

☒   Statement of cash receipts and disbursements

☒   Balance sheet containing the summary and detail of the assets, liabilities and equity (net worth) or deficit

☒   Statement of operations (profit or loss statement)

☒   Accounts receivable aging

☐   Postpetition liabilities aging

☐   Statement of capital assets

☐   Schedule of payments to professionals

☐   Schedule of payments to insiders

☐   All bank statements and bank reconciliations for the reporting period

☐   Description of the assets sold or transferred and the terms of the sale or transfer

 

/s/ Amit K. Garg

    

Amit K. Garg

Signature of Responsible Party     Printed Name of Responsible Party

01/19/2024

     1 Ebix Way
Date    

Johns Creek, GA 30097

    Address

STATEMENT: This Periodic Report is associated with an open bankruptcy case; therefore, Paperwork Reduction Act exemption 5 C.F.R. § 1320.4(a)(2) applies.

 

UST Form 11-MOR (12/01/2021)    1   

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Debtor’s Name P.B. Systems, Inc.    Case No. 23-80006

 

Part 1: Cash Receipts and Disbursements

    Current Month      Cumulative  

a.   Cash balance beginning of month

    $ 0     
  

 

 

     

b.  Total receipts (net of transfers between accounts)

    $ 0      $ 0  
  

 

 

     

 

 

  

c.   Total disbursements (net of transfers between accounts)

    $ 0      $ 0  
  

 

 

     

 

 

  

d.  Cash balance end of month (a+b-c)

    $ 0     
  

 

 

     

e.   Disbursements made by third party for the benefit of the estate

    $ 0      $ 0  
  

 

 

     

 

 

  

f.   Total disbursements for quarterly fee calculation (c+e)

    $ 0      $ 0  
  

 

 

     

 

 

  

Part 2: Asset and Liability Status

(Not generally applicable to Individual Debtors. See Instructions.)

    Current Month         

a.   Accounts receivable (total net of allowance)

    $ 63,060     
  

 

 

     

b.  Accounts receivable over 90 days outstanding (net of allowance)

    $ 190,687     
  

 

 

     

c.   Inventory ( Book LOGO   Market LOGO  Other LOGO  (attach explanation))

    $ 0     
  

 

 

     

d   Total current assets

    $ 63,060     
  

 

 

     

e.   Total assets

    $ 647,903     
  

 

 

     

f.   Postpetition payables (excluding taxes)

    $ 0     
  

 

 

     

g.  Postpetition payables past due (excluding taxes)

    $ 0     
  

 

 

     

h.  Postpetition taxes payable

    $ 0     
  

 

 

     

i.   Postpetition taxes past due

    $ 0     
  

 

 

     

j.   Total postpetition debt (f+h)

    $ 0     
  

 

 

     

k.  Prepetition secured debt

    $ 0     
  

 

 

     

l.   Prepetition priority debt

    $ 0     
  

 

 

     

m.   Prepetition unsecured debt

    $ 49,611,402     
  

 

 

     

n.  Total liabilities (debt) (j+k+l+m)

    $ 49,611,402     
  

 

 

     

o.  Ending equity/net worth (e-n)

    $ -48,963,499     
  

 

 

     

Part 3: Assets Sold or Transferred

    Current Month      Cumulative  

a.   Total cash sales price for assets sold/transferred outside the ordinary course of business

    $ 0      $ 0  
  

 

 

     

 

 

  

b.  Total payments to third parties incident to assets being sold/transferred outside the ordinary course of business

    $ 0      $ 0  
  

 

 

     

 

 

  

c.   Net cash proceeds from assets sold/transferred outside the ordinary course of business (a-b)

    $ 0      $ 0  
  

 

 

     

 

 

  

Part 4: Income Statement (Statement of Operations)

(Not generally applicable to Individual Debtors. See Instructions.)

    Current Month      Cumulative  

a.   Gross income/sales (net of returns and allowances)

    $ 9,674     
  

 

 

     

b.  Cost of goods sold (inclusive of depreciation, if applicable)

    $ 469,884     
  

 

 

     

c.   Gross profit (a-b)

    $ -460,210     
  

 

 

     

d.  Selling expenses

    $ 0     
  

 

 

     

e.   General and administrative expenses

    $ -2,701     
  

 

 

     

f.   Other expenses

    $ 0     
  

 

 

     

g.  Depreciation and/or amortization (not included in 4b)

    $ 8,202     
  

 

 

     

h.  Interest

    $ 0     
  

 

 

     

i.   Taxes (local, state, and federal)

    $ 0     
  

 

 

     

j.   Reorganization items

    $ 0     
  

 

 

     

k.  Profit (loss)

    $ -465,711      $ -465,711  
  

 

 

     

 

 

  

 

UST Form 11-MOR (12/01/2021)    2   

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Debtor’s Name P.B. Systems, Inc.    Case No. 23-80006

 

Part 5: Professional Fees and Expenses
                     Approved 
Current Month 		    Approved 
Cumulative 		    Paid Current 
Month 		    Paid 
Cumulative 
a.   Debtor’s professional fees & expenses (bankruptcy) Aggregate Total                    
    Itemized Breakdown by Firm              
        Firm Name   Role                    
    i                            
    ii                            
    iii                            
    iv                            
    v                            
    vi                            
    vii                            
    viii                            
    ix                            
    x                            
    xi                            
    xii                            
    xiii                            
    xiv                            
    xv                            
    xvi                            
    xvii                            
    xviii                            
    xix                            
    xx                            
    xxi                            
    xxii                            
    xxiii                            
    xxiv                            
    xxv                            
    xxvi                            
    xxvii                            
    xxviii                            
    xxix                            
    xxx                            
    xxxi                            
    xxxii                            
    xxxiii                            
    xxxiv                            
    xxxv                            
    xxxvi                            

 

UST Form 11-MOR (12/01/2021)    3   

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Debtor’s Name P.B. Systems, Inc.    Case No. 23-80006

 

    xxxvii                            
    xxxviii                            
    xxxix                            
    xl                            
    xli                            
    xlii                            
    xliii                            
    xliv                            
    xlv                            
    xlvi                            
    xlvii                            
    xlviii                            
    xlix                            
    l                            
    li                            
    lii                            
    liii                            
    liv                            
    lv                            
    lvi                            
    lvii                            
    lviii                            
    lix                            
    lx                            
    lxi                            
    lxii                            
    lxiii                            
    lxiv                            
    lxv                            
    lxvi                            
    lxvii                            
    lxviii                            
    lxix                            
    lxx                            
    lxxi                            
    lxxii                            
    lxxiii                            
    lxxiv                            
    lxxv                            
    lxxvi                            
    lxxvii                            
    lxxviii                            

 

UST Form 11-MOR (12/01/2021)    4   

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Debtor’s Name P.B. Systems, Inc.    Case No. 23-80006

 

    lxxix                            
    lxxx                            
    lxxxi                            
    lxxxii                            
    lxxxiii                            
    lxxxiv                            
    lxxxv                            
    lxxxvi                            
    lxxxvii                            
    lxxxviii                            
    lxxxix                            
    xc                            
    xci                            
    xcii                            
    xciii                            
    xciv                            
    xcv                            
    xcvi                            
    xcvii                            
    xcviii                            
    xcix                            
    c                            
    ci                            
                               
                     Approved 
Current Month 		    Approved 
Cumulative 		    Paid Current 
Month 		    Paid 
Cumulative 
b.   Debtor’s professional fees & expenses (nonbankruptcy) Aggregate Total                    
    Itemized Breakdown by Firm              
        Firm Name   Role                    
    i                            
    ii                            
    iii                            
    iv                            
    v                            
    vi                            
    vii                            
    viii                            
    ix                            
    x                            
    xi                            
    xii                            
    xiii                            
    xiv                            

 

UST Form 11-MOR (12/01/2021)    5   

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Debtor’s Name P.B. Systems, Inc.    Case No. 23-80006

 

    xv                            
    xvi                            
    xvii                            
    xviii                            
    xix                            
    xx                            
    xxi                            
    xxii                            
    xxiii                            
    xxiv                            
    xxv                            
    xxvi                            
    xxvii                            
    xxviii                            
    xxix                            
    xxx                            
    xxxi                            
    xxxii                            
    xxxiii                            
    xxxiv                            
    xxxv                            
    xxxvi                            
    xxxvii                            
    xxxviii                            
    xxxix                            
    xl                            
    xli                            
    xlii                            
    xliii                            
    xliv                            
    xlv                            
    xlvi                            
    xlvii                            
    xlviii                            
    xlix                            
    l                            
    li                            
    lii                            
    liii                            
    liv                            
    lv                            
    lvi                            

 

UST Form 11-MOR (12/01/2021)    6   

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Debtor’s Name P.B. Systems, Inc.    Case No. 23-80006

 

    lvii                                            
    lviii                                            
    lix                                            
    lx                                            
    lxi                                            
    lxii                                            
    lxiii                                            
    lxiv                                            
    lxv                                            
    lxvi                                            
    lxvii                                            
    lxviii                                            
    lxix                                            
    lxx                                            
    lxxi                                            
    lxxii                                            
    lxxiii                                            
    lxxiv                                            
    lxxv                                            
    lxxvi                                            
    lxxvii                                            
    lxxviii                                            
    lxxix                                            
    lxxx                                            
    lxxxi                                            
    lxxxii                                            
    lxxxiii                                            
    lxxxiv                                            
    lxxxv                                            
    lxxxvi                                            
    lxxxvii                                            
    lxxxviii                                            
    lxxxix                                            
    xc                                            
    xci                                            
    xcii                                            
    xciii                                            
    xciv                                            
    xcv                                            
    xcvi                                            
    xcvii                                            
    xcviii                                            
    xcix                                            
    c                                            
c.   All professional fees and expenses (debtor & committees)      $0        $0        $0        $0  

 

UST Form 11-MOR (12/01/2021)    7   

Case 23-80004-swe11  Doc 213  Filed 01/19/24  Entered 01/19/24 23:54:43  Desc

Main Document  Page 12 of 25

 

Debtor’s Name P.B. Systems, Inc.    Case No. 23-80006

 

Part 6: Postpetition Taxes

      Current Month           Cumulative     

a.   Postpetition income taxes accrued (local, state, and federal)

    $ 0      $ 0  
  

 

 

     

 

 

  

b.  Postpetition income taxes paid (local, state, and federal)

    $ 0      $ 0  
  

 

 

     

 

 

  

c.   Postpetition employer payroll taxes accrued

    $ 0      $ 0  
  

 

 

     

 

 

  

d.  Postpetition employer payroll taxes paid

    $ 0      $ 0  
  

 

 

     

 

 

  

e.   Postpetition property taxes paid

    $ 0      $ 0  
  

 

 

     

 

 

  

f.   Postpetition other taxes accrued (local, state, and federal)

    $ 0      $ 0  
  

 

 

     

 

 

  

g.  Postpetition other taxes paid (local, state, and federal)

    $ 0      $ 0  
  

 

 

     

 

 

  

 

Part 7: Questionnaire—During this reporting period:

     

a.   Were any payments made on prepetition debt? (if yes, see Instructions)

    Yes  LOGO    No LOGO

b.  Were any payments made outside the ordinary course of business without court approval? (if yes, see Instructions)

    Yes LOGO    No LOGO

c.   Were any payments made to or on behalf of insiders?

    Yes LOGO    No LOGO

d.  Are you current on postpetition tax return filings?

    Yes LOGO    No LOGO

e.   Are you current on postpetition estimated tax payments?

    Yes LOGO    No LOGO

f.   Were all trust fund taxes remitted on a current basis?

    Yes LOGO    No LOGO

g.  Was there any postpetition borrowing, other than trade credit? (if yes, see Instructions)

    Yes LOGO    No LOGO

h.  Were all payments made to or on behalf of professionals approved by the court?

    Yes LOGO    No  LOGO  N/A  LOGO

i.   Do you have:

    Worker’s compensation insurance?    Yes LOGO    No LOGO
  

If yes, are your premiums current?

    Yes LOGO    No  LOGO  N/A  LOGO  (if no, see Instructions)
   Casualty/property insurance?    Yes LOGO    No LOGO
  

If yes, are your premiums current?

    Yes LOGO    No LOGO  N/A LOGO  (if no, see Instructions)
   General liability insurance?    Yes LOGO    No LOGO
  

If yes, are your premiums current?

    Yes LOGO    No LOGO  N/A LOGO  (if no, see Instructions)

j.   Has a plan of reorganization been filed with the court?

    Yes LOGO    No LOGO

k.  Has a disclosure statement been filed with the court?

    Yes LOGO    No LOGO

l.   Are you current with quarterly U.S. Trustee fees as set forth under 28 U.S.C. § 1930?

    Yes LOGO    No LOGO

 

UST Form 11-MOR (12/01/2021)    8   

Case 23-80004-swe11  Doc 213  Filed 01/19/24  Entered 01/19/24 23:54:43  Desc

Main Document  Page 13 of 25

 

Debtor’s Name P.B. Systems, Inc.    Case No. 23-80006

 

Part 8: Individual Chapter 11 Debtors (Only)

                                  

a.   Gross income (receipts) from salary and wages

    $ 0     
  

 

 

     

b.  Gross income (receipts) from self-employment

    $ 0     
  

 

 

     

c.   Gross income from all other sources

    $ 0     
  

 

 

     

d.  Total income in the reporting period (a+b+c)

    $ 0     
  

 

 

     

e.   Payroll deductions

    $ 0     
  

 

 

     

f.   Self-employment related expenses

    $ 0     
  

 

 

     

g.  Living expenses

    $ 0     
  

 

 

     

h.  All other expenses

    $ 0     
  

 

 

     

i.   Total expenses in the reporting period (e+f+g+h)

    $ 0     
  

 

 

     

j.   Difference between total income and total expenses (d-i)

    $ 0     
  

 

 

     

k.  List the total amount of all postpetition debts that are past due

    $ 0     
  

 

 

     

l.   Are you required to pay any Domestic Support Obligations as defined by 11 U.S.C § 101(14A)?

      Yes  LOGO  No LOGO     

m.   If yes, have you made all Domestic Support Obligation payments?

      Yes  LOGO  No  LOGO  N/A  LOGO     

Privacy Act Statement

28 U.S.C. § 589b authorizes the collection of this information, and provision of this information is mandatory under 11 U.S.C. §§ 704, 1106, and 1107. The United States Trustee will use this information to calculate statutory fee assessments under 28 U.S.C. § 1930(a)(6). The United States Trustee will also use this information to evaluate a chapter 11 debtor’s progress through the bankruptcy system, including the likelihood of a plan of reorganization being confirmed and whether the case is being prosecuted in good faith. This information may be disclosed to a bankruptcy trustee or examiner when the information is needed to perform the trustee’s or examiner’s duties or to the appropriate federal, state, local, regulatory, tribal, or foreign law enforcement agency when the information indicates a violation or potential violation of law. Other disclosures may be made for routine purposes. For a discussion of the types of routine disclosures that may be made, you may consult the Executive Office for United States Trustee’s systems of records notice, UST-001, “Bankruptcy Case Files and Associated Records.” See 71 Fed. Reg. 59,818 et seq. (Oct. 11, 2006). A copy of the notice may be obtained at the following link: http:// www.justice.gov/ust/eo/rules_regulations/index.htm. Failure to provide this information could result in the dismissal or conversion of your bankruptcy case or other action by the United States Trustee. 11 U.S.C. § 1112(b)(4)(F).

I declare under penalty of perjury that the foregoing Monthly Operating Report and its supporting documentation are true and correct and that I have been authorized to sign this report on behalf of the estate.

 

/s/ Amit K. Garg       Amit K. Garg
Signature of Responsible Party       Printed Name of Responsible Party
Chief Financial Officer       01/19/2024
Title       Date

 

UST Form 11-MOR (12/01/2021)    9   

Case 23-80004-swe11  Doc 213  Filed 01/19/24  Entered 01/19/24 23:54:43  Desc

Main Document  Page 14 of 25

 

Debtor’s Name P.B. Systems, Inc.    Case No. 23-80006

 

LOGO

 

UST Form 11-MOR (12/01/2021)    10   

Case 23-80004-swe11  Doc 213  Filed 01/19/24  Entered 01/19/24 23:54:43  Desc

Main Document  Page 15 of 25

 

Debtor’s Name P.B. Systems, Inc.    Case No. 23-80006

 

LOGO

 

UST Form 11-MOR (12/01/2021)    11   

Case 23-80004-swe11  Doc 213  Filed 01/19/24  Entered 01/19/24 23:54:43  Desc

Main Document  Page 16 of 25

 

Debtor’s Name P.B. Systems, Inc.    Case No. 23-80006

 

LOGO

 

UST Form 11-MOR (12/01/2021)    12   

Case 23-80004-swe11  Doc 213  Filed 01/19/24  Entered 01/19/24 23:54:43  Desc

Main Document  Page 17 of 25

MOR-1

 

In re: EBIX, INC., et al.    Lead Case No: 23-80004

Statement of Cash Receipts and Disbursements - (Unaudited)

   

Reporting Period: December 17 - December 31, 2023

 

 

     Ebix, Inc.  

Receipts

   

Customer Receipts

    $ 6,111,657  

Other Receipts

      1,471,927  

Debt Proceeds

      12,591,677  
  

 

 

  

Total Receipts

    $ 20,175,261  

Disbursements

   

Payroll & Benefits

    $ (1,426,908 ) 

3rd Party Trade Vendors

      (240,784 ) 

Ordinary Course Professionals

      —   

Taxes & Duties

      (145,661 ) 

Other Operating Disbursements

      —   
  

 

 

  

Total Disbursements

    $ (1,813,352 ) 
  

 

 

  

Net Operating Cash Flow

    $ 18,361,908  
  

 

 

  

Other Non-Operating Cash Flows

    $ (2,089,883 ) 
  

 

 

  

Total Non-operating Cash Flows

    $ (2,089,883 ) 

Intercompany

   

Intercompany Transfers (receipts)

      —   

Intercompany Transfers (disbursements)

      —   
  

 

 

  

Intercompany Transfers (net)

    $ —   
  

 

 

  

Net Cash Flow

    $ 16,272,025  
  

 

 

  

Beginning Bank Cash

    $ 3,368,930  

Net Cash Flow

      16,272,025  
  

 

 

  

Ending Bank Cash

    $ 19,640,955  
  

 

 

  

Case 23-80004-swe11  Doc 213  Filed 01/19/24  Entered 01/19/24 23:54:43  Desc

Main Document  Page 18 of 25

MOR-2

 

In re: EBIX, INC., et al.    Lead Case No: 23-80004
Balance Sheet as of December 31, 2023 - (Unaudited)    Reporting Period: December 17 - December 31, 2023

 

     Ebix,
Inc.		     P.B. Systems,
Inc.		     Facts Services,
Inc.		     Agency Solutions.com,
LLC d/b/a/ Health
Connect LLC		     ConfirmNet
Corporation		     A.D.A.M.,
Inc.		  

Assets

             

Current Assets:

             

Cash and Cash equivalents

    $ 20,760,110     $ —      $ —      $ —      $ —      $ —   

Fiduciary funds - restricted

      —        —        —        —        —        —   

Accounts receivable, less allowance

      26,199,086       63,060       251,759       68,387       7,645,685       851,677  

Intercompany receivable

      78,770,850       —        —        —        —        —   

Other current assets

      8,884,079       —        7,911       —        300       —   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total current assets

    $ 134,614,126     $ 63,060     $ 259,670     $ 68,387     $ 7,645,985     $ 851,677  

Property and equipment, net

      22,364,771       6,492       153       (0 )      —        20,948  

Right-of-Use Assets

      387,373       578,351       —        —        —        127,458  

Goodwill

      192,040,854       —        4,706,870       20,404,124       13,540,891       60,111,616  

Intangible assets, net

      4,077,938       —        226,104       0       (0 )      231,945  

Indefinite-lived intangibles

      14,240,000       —        —        —        —        —   

Capitalized software development costs, net

      423,431       —        —        —        —        —   

Deferred tax assets, net - long-term

      22,033,811       —        (8,308 )      (992,339 )      3,074,537       1,921,924  

Other assets

      147,433,646       —        (5,216,707 )      —        —        —   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total assets

    $ 537,615,950     $ 647,903     $ (32,218 )    $ 19,480,172     $ 24,261,412     $ 63,265,568  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Liabilities & Equity

             

Current Liabilities

             

Accounts Payable and accrued expenses

    $ 29,658,007     $ 34,700     $ —      $ 7,005     $ 10,842     $ 194,299  

Accrued payroll and related benefits

      1,746,897       —        7,207       15,523       4,869       15,382  

Working capital facility

      —        —        —        —        —        —   

Fiduciary funds liability - restricted

      —        —        —        —        —        —   

Short term debt

      634,587,425       —        —        —        —        —   

Current portion of long term debt and capital lease obligations

      124,868       —        —        —        —        —   

Intercompany payable

      303,281,765       49,576,702       (4,669,565 )      (4,745,420 )      9,464,805       (36,903,044 ) 

Deferred revenue

      23,104,266       —        151,318       2,020       204,203       893,162  

Short term lease liability

      368,765       —        —        —        —        —   

Other current liabilities

      (3,788 )      —        —        —        (1,648 )      (51,470 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total Current Liabilities

    $ 992,868,205     $ 49,611,402     $ (4,511,040 )    $ (4,720,871 )    $ 9,683,070     $ (35,851,672 ) 

Long term debt and capital lease obligation, less current portion

      14,378       —        —        —        —        —   

Other liabilities

      13,332,179       —        —        —        —        —   

Earnout contingencies

      —        —        —        —        —        —   

Put option liability

      —        —        —        —        —        —   

Long term lease liability

      649,087       —        —        —        —        —   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total liabilities

    $ 1,006,863,850     $ 49,611,402     $ (4,511,040 )    $ (4,720,871 )    $ 9,683,070     $ (35,851,672 ) 

Common stock, $.10 par value

      3,782,609       —        —        —        —        —   

Additional paid-in capital

      3,810,078       —        —        20,000,000       21,532,000       88,420,090  

Treasury stock

      —        —        —        —        —        —   

Retained earnings

      (487,534,348 )      (48,963,499 )      4,478,822       4,201,043       (6,953,658 )      10,697,151  

Accumulated other comprehensive income

      (529,688 )      —        —        —        —        —   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total Ebix, Inc. stockholders’ equity

    $  (480,471,350)     $ (48,963,499)     $ 4,478,822     $ 24,201,043     $ 14,578,342     $ 99,117,241  

Noncontrolling interest

      11,223,450       —        —        —        —        —   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total stockholders’ equity

    $ (469,247,900 )    $ (48,963,499)     $ 4,478,822     $ 24,201,043     $ 14,578,342     $ 99,117,241  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total Liabilities & Equity

    $ 537,615,950     $ 647,903     $ (32,218 )    $ 19,480,172     $ 24,261,412     $ 63,265,568  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

     

Case 23-80004-swe11  Doc 213  Filed 01/19/24  Entered 01/19/24 23:54:43  Desc

Main Document  Page 19 of 25

MOR-3

In re: EBIX, INC., et al.    Lead Case No: 23-80004
Statement of Operations for the month of December 2023 -(Unaudited)    Reporting Period: December 17 - December 31, 2023

 

     Ebix,
Inc.		     P.B. Systems,
Inc.		     Facts Services,
Inc.		     Agency Solutions.com,
LLC d/b/a/ Health
Connect LLC		      ConfirmNet
Corporation		     A.D.A.M.,
Inc.		  

Revenue

              

Operating Revenue

    $ 5,311,604     $ 9,674     $ 29,976     $ 69,354      $ 63,867     $ 185,833  
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

Total Revenue

      5,311,604       9,674       29,976       69,354        63,867       185,833  

Operating Expenses

              

Services and other costs

      2,354,624       440,765       15,748       4,596        241,833       145,873  

Product Development

      675,424       29,119       19,225       10,019        —        16,784  

Sales and Marketing

      481,160       —        —        13,138        —        —   

General and Administrative

      421,263       (2,701 )      (155 )      2,913        1,156       (41,246 ) 

Amortization and Depreciation

      512,380       8,202       4,973       —         —        (165,156 ) 
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

Total Operating Income

    $ 866,752     $ (465,711 )    $ (9,815 )    $ 38,687      $ (179,122 )    $ 229,579  
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

Interest Income

      —        —        —        —         —        —   

Interest Expense

      (3,685,135 )      —        —        —         —        —   

Other non-operating income

      —        —        —        —         —        —   

Foreign exchange gain/loss

      —        —        —        —         —        —   
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

Income before taxes

    $ (2,818,383 )    $ (465,711 )    $ (9,815 )    $ 38,687      $ (179,122 )      $229,579  
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

Case 23-80004-swe11  Doc 213  Filed 01/19/24  Entered 01/19/24 23:54:43  Desc

Main Document  Page 20 of 25

MOR-4

 

In re: EBIX, INC., et al.    Lead Case No: 23-80004

Accounts Receivable Aging

    Reporting Period: December 17 - December 31, 2023

 

Entity    Current      30 Days     60 Days      90 Days     120 Days      Allowance for
Doubtful Accounts		     Total  

Ebix, Inc.

    $  16,630,533      $ 1,533,099     $ 586,127      $ 1,102,401     $ 9,277,253      $ (7,056,307 )    $ 22,073,107  

P.B. Systems, Inc.

      42,840        21,420       —         —        190,687        (191,887 )      63,060  

Facts Services, Inc.

      269,717        (99,517 )      9,055        6,676       46,144        (12,316 )      219,759  

Agency Solutions.com, LLC d/b/a/ Health Connect LLC

      21,742        9,559       11,864        (3,248 )      54,618        (26,148 )      68,387  

ConfirmNet Corporation

      303,050        37,047       180,598        7,939       7,163,723        (91,691 )      7,600,666  

A.D.A.M., Inc.

      545,268        (44,762 )      205,423        33,044       55,320        (301,162 )      493,132  
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

    

 

 

  

Total Accounts Receivable

    $ 17,813,149      $ 1,456,846     $ 993,066      $ 1,146,813     $ 16,787,745      $ (7,679,510 )    $ 30,518,109  
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

    

 

 

  

Case 23-80004-swe11  Doc 213  Filed 01/19/24  Entered 01/19/24 23:54:43  Desc

Main Document  Page 21 of 25

MOR-5

In re: EBIX, INC., et al.    Lead Case No: 23-80004
Disbursements by Entity    Reporting Period: December 17 - December 31, 2023

 

Date

   

Check Number

    Amount     

Vendor

   

Entity

12/18/2023            65,542.94     

Paycom Payroll

   

Ebix, Inc.

12/18/2023         23,974.61     

Paycom Payroll

   

Ebix, Inc.

12/18/2023         15,500.00     

Sawnee Electric

   

Ebix, Inc.

12/18/2023         7,879.10     

Paycom Payroll

   

Ebix, Inc.

12/18/2023         4,313.40     

Bank Fees

   

Ebix, Inc.

12/18/2023         2,539.83     

Microsoft

   

Ebix, Inc.

12/18/2023         2,520.08     

Microsoft

   

Ebix, Inc.

12/18/2023         2,503.19     

Microsoft

   

Ebix, Inc.

12/18/2023         1,500.00     

CHECK

   

Ebix, Inc.

12/18/2023         658.84     

Extended Stay

   

Ebix, Inc.

12/18/2023         500.00     

Google

   

Ebix, Inc.

12/18/2023         500.00     

Google

   

Ebix, Inc.

12/18/2023         500.00     

Google

   

Ebix, Inc.

12/18/2023         500.00     

Google

   

Ebix, Inc.

12/18/2023         460.00     

CHECK

   

Ebix, Inc.

12/18/2023         460.00     

CHECK

   

Ebix, Inc.

12/18/2023         460.00     

CHECK

   

Ebix, Inc.

12/18/2023         408.36     

Office Depot

   

Ebix, Inc.

12/18/2023         336.54     

Paycom Payroll

   

Ebix, Inc.

12/18/2023         130.40     

Atlassian

   

Ebix, Inc.

12/18/2023         100.00     

Intrinio

   

Ebix, Inc.

12/18/2023         85.03     

Amazon Marketplace

   

Ebix, Inc.

12/18/2023         82.39     

Amazon Marketplace

   

Ebix, Inc.

12/18/2023         79.67     

Amazon Marketplace

   

Ebix, Inc.

12/18/2023         69.91     

Amazon Marketplace

   

Ebix, Inc.

12/18/2023         67.47     

Amazon Marketplace

   

Ebix, Inc.

12/18/2023         63.18     

Amazon Marketplace

   

Ebix, Inc.

12/18/2023         61.18     

Amazon Marketplace

   

Ebix, Inc.

12/18/2023         59.63     

Amazon Marketplace

   

Ebix, Inc.

12/18/2023         42.99     

Web Network Solutions

   

Ebix, Inc.

12/18/2023         37.99     

Lyft

   

Ebix, Inc.

12/18/2023         31.20     

Amazon Marketplace

   

Ebix, Inc.

12/18/2023         30.99     

Lyft

   

Ebix, Inc.

12/18/2023         29.26     

Lyft

   

Ebix, Inc.

12/18/2023         29.15     

Jersey Mike’s

   

Ebix, Inc.

12/18/2023         28.07     

Lyft

   

Ebix, Inc.

12/18/2023         25.92     

Lyft

   

Ebix, Inc.

12/18/2023         24.00     

BRAINTREE

   

Ebix, Inc.

12/18/2023         23.72     

Lyft

   

Ebix, Inc.

12/18/2023         17.03     

Lyft

   

Ebix, Inc.

12/18/2023         16.89     

Lyft

   

Ebix, Inc.

12/18/2023         16.67     

Lyft

   

Ebix, Inc.

12/18/2023         16.08     

Lyft

   

Ebix, Inc.

12/18/2023         13.49     

Lyft

   

Ebix, Inc.

12/18/2023         12.95     

Lyft

   

Ebix, Inc.

12/18/2023         12.87     

Lyft

   

Ebix, Inc.

12/18/2023         12.84     

Lyft

   

Ebix, Inc.

12/18/2023         11.99     

Lyft

   

Ebix, Inc.

12/18/2023         11.98     

Lyft

   

Ebix, Inc.

12/18/2023         11.88     

Lyft

   

Ebix, Inc.

12/18/2023         10.96     

Lyft

   

Ebix, Inc.

12/18/2023         10.84     

Lyft

   

Ebix, Inc.

12/18/2023         10.84     

Lyft

   

Ebix, Inc.

Case 23-80004-swe11  Doc 213  Filed 01/19/24  Entered 01/19/24 23:54:43  Desc

Main Document  Page 22 of 25

 

Date

   

Check Number

    Amount     

Vendor

   

Entity

12/18/2023         10.84     

Lyft

   

Ebix, Inc.

12/18/2023         9.71     

Lyft

   

Ebix, Inc.

12/19/2023    1015    $ 700.00     

US DEPT OF HOMELAND SECURITY

   

Ebix, Inc.

12/19/2023         893.40     

Truist

   

Ebix, Inc.

12/20/2023            23,932.10     

STATE COMPTROLLER

   

Ebix, Inc.

12/20/2023         4,144.08     

Optum Bank

   

Ebix, Inc.

12/20/2023         500.00     

Google

   

Ebix, Inc.

12/20/2023         118.21     

Perimeter Office Products

   

Ebix, Inc.

12/20/2023         7.99     

Web Network Solutions

   

Ebix, Inc.

12/20/2023         6,692.21     

Aquatic Consulting & Equip Inc

   

Ebix, Inc.

12/20/2023         150.00     

Brenna Derksen MD PLLC

   

Ebix, Inc.

12/20/2023         500.00     

JONAH ESSERS

   

Ebix, Inc.

12/20/2023         150.00     

Clarice Law Eyre

   

Ebix, Inc.

12/20/2023         250.00     

Deborah L Hurd

   

Ebix, Inc.

12/20/2023         1,410.73     

JECKIL PROMOTIONS, INC.

   

Ebix, Inc.

12/20/2023         125.00     

James B. Macdonald

   

Ebix, Inc.

12/20/2023         500.00     

Jill Marie Steiner

   

Ebix, Inc.

12/20/2023         10,207.00     

Donnelley Financial, LLC

   

Ebix, Inc.

12/20/2023         15,700.00     

CATALYST GLOBAL LLC

   

Ebix, Inc.

12/20/2023         1,000.00     

JOHN KOUTRAS

   

Ebix, Inc.

12/20/2023         2,714.42     

WEX Health Inc.

   

Ebix, Inc.

12/20/2023         15,700.00     

CATALYST GLOBAL LLC

   

Ebix, Inc.

12/20/2023         2,697.37     

WEX Health Inc.

   

Ebix, Inc.

12/20/2023         15,700.00     

CATALYST GLOBAL LLC

   

Ebix, Inc.

12/20/2023         3,982.31     

WEX Health Inc.

   

Ebix, Inc.

12/21/2023         1,161,464.59     

Paycom Payroll

   

Ebix, Inc.

12/21/2023         35,725.56     

NYS DEPT OF TAXATION & FINANCE

   

Ebix, Inc.

12/21/2023         15,000.00     

PA Department of Revenue

   

Ebix, Inc.

12/21/2023         8,267.06     

Arizona Department of Revenue

   

Ebix, Inc.

12/21/2023         2,962.04     

Florida Department of Revenue

   

Ebix, Inc.

12/21/2023         2,559.87     

Microsoft

   

Ebix, Inc.

12/21/2023         1,932.65     

Extended Systems Consulting

   

Ebix, Inc.

12/21/2023         1,913.00     

Minnesota Department of Revenue

   

Ebix, Inc.

12/21/2023         1,823.16     

Indiana Department of Revenue

   

Ebix, Inc.

12/21/2023         1,489.19     

Michigan Department of Treasury

   

Ebix, Inc.

12/21/2023         1,402.33     

North Carolina Department of Revenue

   

Ebix, Inc.

12/21/2023         1,220.20     

Wisconsin Department of Revenue

   

Ebix, Inc.

12/21/2023         519.00     

Louisiana Department Of Revenue

   

Ebix, Inc.

12/21/2023         500.00     

Google

   

Ebix, Inc.

12/21/2023         452.63     

Alabama Department of Revenue

   

Ebix, Inc.

12/21/2023         246.54     

Iowa Department of Revenue

   

Ebix, Inc.

12/21/2023         120.49     

Maine Revenue Services

   

Ebix, Inc.

12/21/2023         98.19     

Lyft

   

Ebix, Inc.

12/21/2023         22.00     

Lyft

   

Ebix, Inc.

12/21/2023         19.91     

Lyft

   

Ebix, Inc.

12/21/2023         19.90     

Lyft

   

Ebix, Inc.

12/21/2023         14.99     

Lyft

   

Ebix, Inc.

12/21/2023         10.89     

Lyft

   

Ebix, Inc.

12/21/2023         10.84     

Lyft

   

Ebix, Inc.

12/21/2023         10.84     

Lyft

   

Ebix, Inc.

12/21/2023         6.00     

Lyft

   

Ebix, Inc.

12/21/2023         500.00     

Daniel Joel Anderson

   

Ebix, Inc.

12/21/2023         500.00     

Randall Brand

   

Ebix, Inc.

12/21/2023         600.00     

Lyle Wilbur Larson

   

Ebix, Inc.

12/21/2023         500.00     

Stacey Rose

   

Ebix, Inc.

12/21/2023         5,096.00     

NUMBERSONLY INC

   

Ebix, Inc.

12/21/2023         2,033.40     

OXCYON INC

   

Ebix, Inc.

Case 23-80004-swe11  Doc 213  Filed 01/19/24  Entered 01/19/24 23:54:43  Desc

Main Document  Page 23 of 25

 

Date

   

Check Number

    Amount     

Vendor

   

Entity

12/21/2023         300.00      Michele Parker   

Ebix, Inc.

12/22/2023            12,035.29      PA Department of Revenue   

Ebix, Inc.

12/22/2023         8,078.00      Tennessee Department of Revenue   

Ebix, Inc.

12/22/2023         2,512.99      Microsoft   

Ebix, Inc.

12/22/2023         2,509.75      Microsoft   

Ebix, Inc.

12/22/2023         1,658.00      Illinois Department of Revenue   

Ebix, Inc.

12/22/2023         1,318.34      Virginia Department of Taxation   

Ebix, Inc.

12/22/2023         538.97      Perimeter Office Products   

Ebix, Inc.

12/22/2023         210.00      Fueled inc   

Ebix, Inc.

12/22/2023         120.45      Amazon Marketplace   

Ebix, Inc.

12/22/2023         105.47      Amazon Marketplace   

Ebix, Inc.

12/22/2023         91.87      Amazon Marketplace   

Ebix, Inc.

12/22/2023         59.63      Amazon Marketplace   

Ebix, Inc.

12/22/2023         59.63      Amazon Marketplace   

Ebix, Inc.

12/22/2023         59.02      Amazon Marketplace   

Ebix, Inc.

12/22/2023         58.25      Amazon Marketplace   

Ebix, Inc.

12/22/2023         56.90      Amazon Marketplace   

Ebix, Inc.

12/22/2023         56.14      Amazon Marketplace   

Ebix, Inc.

12/22/2023         48.44      Amazon Marketplace   

Ebix, Inc.

12/22/2023         47.98      Web Network Solutions   

Ebix, Inc.

12/22/2023         41.29      Jersey Mike’s   

Ebix, Inc.

12/22/2023         35.43      Lyft   

Ebix, Inc.

12/22/2023         31.67      Lyft   

Ebix, Inc.

12/22/2023         24.37      Amazon Marketplace   

Ebix, Inc.

12/22/2023         24.30      Lyft   

Ebix, Inc.

12/22/2023         24.21      GoDaddy.com   

Ebix, Inc.

12/22/2023         21.87      Lyft   

Ebix, Inc.

12/22/2023         20.99      Lyft   

Ebix, Inc.

12/22/2023         18.67      Lyft   

Ebix, Inc.

12/22/2023         14.99      Lyft   

Ebix, Inc.

12/22/2023         14.52      Lyft   

Ebix, Inc.

12/22/2023         12.61      Lyft   

Ebix, Inc.

12/22/2023         11.84      Lyft   

Ebix, Inc.

12/22/2023         10.84      Lyft   

Ebix, Inc.

12/22/2023         5,859.00      Big Commerce, Inc   

Ebix, Inc.

12/22/2023         1,200.00      Cinthia Elkins   

Ebix, Inc.

12/22/2023         524.03      IRON MOUNTAIN CANADA OPERATION ULC   

Ebix, Inc.

12/22/2023         300.00      Kevin T McVary   

Ebix, Inc.

12/22/2023         7,500.00      Mindset Digital, LLC   

Ebix, Inc.

12/22/2023         125.00      Oral and Maxillofacial Surgery Affiliates LTD   

Ebix, Inc.

12/22/2023         300.00      Chad Tracy   

Ebix, Inc.

12/22/2023         539.75      IRON MOUNTAIN CANADA OPERATION ULC   

Ebix, Inc.

12/26/2023         2,532.81     

Microsoft

   

Ebix, Inc.

12/26/2023         2,528.23     

Microsoft

   

Ebix, Inc.

12/26/2023         2,506.83     

Microsoft

   

Ebix, Inc.

12/26/2023         2,505.34     

Microsoft

   

Ebix, Inc.

12/26/2023         605.19     

Google

   

Ebix, Inc.

12/26/2023         500.00     

Google

   

Ebix, Inc.

12/26/2023         500.00     

Google

   

Ebix, Inc.

12/26/2023         199.00     

Shogun

   

Ebix, Inc.

12/26/2023         166.86     

Stericycle

   

Ebix, Inc.

12/26/2023         154.33     

Amazon Marketplace

   

Ebix, Inc.

12/26/2023         149.00     

Shogun

   

Ebix, Inc.

12/26/2023         128.97     

Web Network Solutions

   

Ebix, Inc.

12/26/2023         119.88     

Dropbox

   

Ebix, Inc.

12/26/2023         83.17     

Amazon Marketplace

   

Ebix, Inc.

12/26/2023         72.54     

Amazon Marketplace

   

Ebix, Inc.

Case 23-80004-swe11  Doc 213  Filed 01/19/24  Entered 01/19/24 23:54:43  Desc

Main Document  Page 24 of 25

 

Date

   

Check Number

    Amount     

Vendor

   

Entity

12/26/2023         64.78     

Amazon Marketplace

    Ebix, Inc.
12/26/2023         64.02     

Amazon Marketplace

    Ebix, Inc.
12/26/2023         56.90     

Amazon Marketplace

    Ebix, Inc.
12/26/2023         54.21     

Amazon Marketplace

    Ebix, Inc.
12/26/2023         53.73     

Lyft

    Ebix, Inc.
12/26/2023         34.97     

Amazon Marketplace

    Ebix, Inc.
12/26/2023         32.25     

Lyft

    Ebix, Inc.
12/26/2023         29.03     

Lyft

    Ebix, Inc.
12/26/2023         27.00     

Publer

    Ebix, Inc.
12/26/2023             4,705.06     

Comptroller of the State of Maryland

    Ebix, Inc.
12/26/2023         26.85     

Lyft

    Ebix, Inc.
12/26/2023         25.93     

Lyft

    Ebix, Inc.
12/26/2023         25.73     

Lyft

    Ebix, Inc.
12/26/2023         25.12     

Lyft

    Ebix, Inc.
12/26/2023         25.09     

Lyft

    Ebix, Inc.
12/26/2023         24.75     

Lyft

    Ebix, Inc.
12/26/2023         23.31     

Amazon Marketplace

    Ebix, Inc.
12/26/2023         19.50     

Lyft

    Ebix, Inc.
12/26/2023         18.99     

Lyft

    Ebix, Inc.
12/26/2023         18.75     

Lyft

    Ebix, Inc.
12/26/2023         16.47     

Lyft

    Ebix, Inc.
12/26/2023         15.99     

Lyft

    Ebix, Inc.
12/26/2023         15.74     

Lyft

    Ebix, Inc.
12/26/2023         12.84     

Lyft

    Ebix, Inc.
12/26/2023         11.86     

Lyft

    Ebix, Inc.
12/26/2023         11.84     

Lyft

    Ebix, Inc.
12/26/2023         11.84     

Lyft

    Ebix, Inc.
12/26/2023         11.79     

Lyft

    Ebix, Inc.
12/26/2023         11.20     

Lyft

    Ebix, Inc.
12/26/2023         10.99     

Lyft

    Ebix, Inc.
12/26/2023         10.84     

Lyft

    Ebix, Inc.
12/26/2023         10.84     

Lyft

    Ebix, Inc.
12/26/2023         1.00     

PayPal

    Ebix, Inc.
12/26/2023         4,321.13     

Optum Bank

    Ebix, Inc.
12/26/2023         800.00     

KATHLEEN CHRISTIANS

    Ebix, Inc.
12/26/2023         500.00     

SUNANDA KANE, MD

    Ebix, Inc.
12/26/2023         500.00     

MITCHELL SHIFFMAN, MD

    Ebix, Inc.
12/26/2023         700.00     

Stuart Jay Padove

    Ebix, Inc.
12/26/2023         1,570.00     

C-Insight Health LLC

    Ebix, Inc.
12/26/2023         1,473.00     

C-Insight Health LLC

    Ebix, Inc.
12/27/2023    1016      700.00     

US DEPT OF HOMELAND SECURITY

    Ebix, Inc.
12/27/2023    1017      700.00     

US DEPT OF HOMELAND SECURITY

    Ebix, Inc.
12/27/2023         2,505.11     

Microsoft

    Ebix, Inc.
12/27/2023         63.81     

Twilio Inc

    Ebix, Inc.
12/27/2023         53.99     

Amazon Marketplace

    Ebix, Inc.
12/27/2023         50.84     

Lyft

    Ebix, Inc.
12/27/2023         46.56     

Lyft

    Ebix, Inc.
12/27/2023         34.97     

Amazon Marketplace

    Ebix, Inc.
12/27/2023         50,294.59     

JP Morgan Chase

    Ebix, Inc.
12/27/2023         5,310.00     

California Department of Tax and Fee Administration

    Ebix, Inc.
12/27/2023         19.96     

Lyft

    Ebix, Inc.
12/27/2023         19.32     

Lyft

    Ebix, Inc.
12/27/2023         18.78     

Lyft

    Ebix, Inc.
12/27/2023         10.92     

Lyft

    Ebix, Inc.
12/27/2023         10.89     

Lyft

    Ebix, Inc.
12/27/2023         774.56     

Kansas Department of Revenue

    Ebix, Inc.
12/27/2023         500.00     

Pezhman Roohani

    Ebix, Inc.

Case 23-80004-swe11  Doc 213  Filed 01/19/24  Entered 01/19/24 23:54:43  Desc

Main Document  Page 25 of 25

 

Date

   

Check Number

    Amount     

Vendor

   

Entity

12/28/2023         2,039,402.00     

Lockton

   

Ebix, Inc.

12/28/2023         15,909.09     

Lockton

   

Ebix, Inc.

12/28/2023         5,512.50     

CAROLYN E. DONAHOE

   

Ebix, Inc.

12/28/2023         2,505.40     

Microsoft

   

Ebix, Inc.

12/28/2023         756.24     

BankCard

   

Ebix, Inc.

12/28/2023         255.80     

Cintas Corporation #08M

   

Ebix, Inc.

12/28/2023         139.35     

Amazon Marketplace

   

Ebix, Inc.

12/28/2023         79.01     

Amazon Marketplace

   

Ebix, Inc.

12/28/2023         49.50     

Amazon Marketplace

   

Ebix, Inc.

12/28/2023         8,861.95     

Washington State Department of Revenue

   

Ebix, Inc.

12/28/2023         7,846.20     

Ohio Department of Taxation

   

Ebix, Inc.

12/28/2023         48.44     

Amazon Marketplace

   

Ebix, Inc.

12/28/2023         48.17     

Amazon Marketplace

   

Ebix, Inc.

12/28/2023         45.78     

Amazon Marketplace

   

Ebix, Inc.

12/28/2023         37.88     

BRAINTREE

   

Ebix, Inc.

12/28/2023         35.81     

Amazon Marketplace

   

Ebix, Inc.

12/28/2023         24.18     

Amazon Marketplace

   

Ebix, Inc.

12/28/2023         20.75     

Lyft

   

Ebix, Inc.

12/28/2023         17.68     

Lyft

   

Ebix, Inc.

12/28/2023         13.30     

Lyft

   

Ebix, Inc.

12/28/2023         13.20     

Lyft

   

Ebix, Inc.

12/28/2023         10.89     

Lyft

   

Ebix, Inc.

12/28/2023         10.84     

Lyft

   

Ebix, Inc.

12/29/2023         9,484.63     

Mceron BD

   

Ebix, Inc.

12/29/2023         2,529.76     

Microsoft

   

Ebix, Inc.

12/29/2023         2,506.30     

Microsoft

   

Ebix, Inc.

12/29/2023         109,744.99     

Paycom Payroll

   

Ebix, Inc.

12/29/2023         49,499.78     

Anthem Blue Cross & Blue Shield

   

Ebix, Inc.

12/29/2023         139.35     

Amazon Marketplace

   

Ebix, Inc.

12/29/2023         114.79     

Amazon Marketplace

   

Ebix, Inc.

12/29/2023         60.00     

Box.com

   

Ebix, Inc.

12/29/2023         49.29     

Amazon Marketplace

   

Ebix, Inc.

12/29/2023         33.96     

Web Network Solutions

   

Ebix, Inc.

12/29/2023         22.73     

Lyft

   

Ebix, Inc.

12/29/2023         19.99     

Amazon Marketplace

   

Ebix, Inc.

12/29/2023         19.99     

Amazon Marketplace

   

Ebix, Inc.

12/29/2023         19.88     

Amazon Marketplace

   

Ebix, Inc.

12/29/2023         18.93     

Lyft

   

Ebix, Inc.

12/29/2023         14.99     

Lyft

   

Ebix, Inc.

12/29/2023         13.00     

Lyft

   

Ebix, Inc.

12/29/2023         11.20     

Lyft

   

Ebix, Inc.

12/29/2023         10.86     

Lyft

   

Ebix, Inc.

12/29/2023         10.84     

Lyft

   

Ebix, Inc.

12/29/2023         10.84     

Lyft

   

Ebix, Inc.

12/29/2023         10.84     

Lyft

   

Ebix, Inc.

12/29/2023         25,000.00     

AT&T MOBILITY

   

Ebix, Inc.

12/29/2023         1,154.75     

PNC Bank

   

Ebix, Inc.

      $ 3,905,148.93        

Ebix, Inc. Subtotal

      $ 3,905,148.93        

Grand Total