Exhibit 99.1

UNITED STATES BANKRUPTCY COURT
NORTHERN DISTRICT OF CALIFORNIA

In re: First Virtual Communications, Inc.	Case No.                      05-30145-TEC and 05-30146-TEC
and CUseeMe Networks, Inc.
	CHAPTER 11
	MONTHLY OPERATING REPORT
	(GENERAL BUSINESS CASE)

SUMMARY OF FINANCIAL STATUS

	MONTH ENDED:	Mar-05	PETITION DATE:	01/20/05
1.	Debtor in possession (or trustee) hereby submits this Monthly Operating Report on the Accrual Basis of accounting (or if checked here the Office of the U.S. Trustee or the Court has approved the Cash Basis of Accounting for the Debtor). Dollars reported in $1

		End of Current		End of Prior		As of Petition
2.	Asset and Liability Structure	Month		Month		Filing
	a. Current Assets	$	3,170,553	$	3,530,521
	b. Total Assets	$	3,170,553	$	5,794,521	$	5,234,654
	c. Current Liabilities	$	491,582	$	1,168,500
	d. Total Liabilities	$	2,563,855	$	7,311,802	$	6,143,302

						Cumulative
3.	Statement of Cash Receipts & Disbursements for Month	Current Month		Prior Month		(Case to Date)
	a. Total Receipts	$	8,332,100	$	1,133,000	$	9,465,100
	b. Total Disbursements	$	6,626,542	$	462,000	$	7,088,542
	c. Excess (Deficiency) of Receipts Over Disbursements (a - b)	$	1,705,558	$	671,000	$	2,376,558
	d. Cash Balance Beginning of Month	$	987,000	$	316,000	$	316,000
	e. Cash Balance End of Month (c + d)	$	2,692,558	$	987,000	$	2,692,558

							Cumulative
		Current Month		Prior Month			(Case to Date)
4.	Profit/(Loss) from the Statement of Operations	$	5,196,307		($357,500	)	$	4,838,807
5.	Account Receivables (Pre and Post Petition)	$	0	$	1,808,000
6.	Post-Petition Liabilities	$	491,582	$	1,168,500
7.	Past Due Post-Petition Account Payables (over 30 days)	$	28,963

At the end of this reporting month:		Yes		No
8.	Have any payments been made on pre-petition debt, other than payments in the normal		Yes
	course to secured creditors or lessors? (if yes, attach listing including date of payment, amount of payment and name of payee)
9.	Have any payments been made to professionals? (if yes, attach listing including date of		Yes
	payment, amount of payment and name of payee)
10.	If the answer is yes to 8 or 9, were all such payments approved by the court?		Yes
11.	Have any payments been made to officers, insiders, shareholders, relatives? (if yes,			Payroll and expense only
	attach listing including date of payment, amount and reason for payment, and name of payee)
12.	Is the estate insured for replacement cost of assets and for general liability?		Yes
13.	Are a plan and disclosure statement on file?			No
14.	Was there any post-petition borrowing during this reporting period?			No

15.	Check if paid: Post-petition taxes Y;	U.S. Trustee Quarterly Y ; Check if filing is current for: Post-petition
	tax reporting and tax returns:       Y .
	(Attach explanation, if post-petition taxes or U.S. Trustee Quarterly Fees are not paid current or if post-petition tax reporting and tax return filings are not current.)

I declare under penalty of perjury I have reviewed the above summary and attached financial statements, and after making reasonable inquiry believe these documents are correct.

Date:      5/10/2005 0:00	/s/ Jonathan G. Morgan
	Responsible Individual

STATEMENT OF OPERATIONS
(General Business Case)
For the Month Ended 03/31/05

Current Month
					Cumulative			Next Month
Actual	Forecast	Variance			(Case to Date)			Forecast
				Revenues:
$           1,450,925	N/A	N/A	1	Gross Sales	$	1,984,925
			2	less: Sales Returns & Allowances
$           1,450,925	N/A	N/A	3	Net Sales	$	1,984,925
$                  2,751	N/A	N/A	4	less: Cost of Goods Sold (Schedule 'B')	$	6,751
$           1,448,174	N/A	N/A	5	Gross Profit	$	1,978,174
	N/A	N/A	6	Interest	$	1,000
	N/A	N/A	7	Other Income:	$	1,000
			8
			9
$           1,448,174	N/A	N/A	10	Total Revenues	$	1,980,174
	N/A	N/A		Expenses:
$                59,828	N/A	N/A	11	Compensation to Owner(s)/Officer(s)	$	117,828
$              359,833	N/A	N/A	12	Salaries	$	569,833
	N/A	N/A	13	Commissions
	N/A	N/A	14	Contract Labor	$	29,000
				Rent/Lease:
$                29,188	N/A	N/A	15	Personal Property	$	124,188
	N/A	N/A	16	Real Property
$                         0	N/A	N/A	17	Insurance	$	14,000
	N/A	N/A	18	Management Fees
	N/A	N/A	19	Depreciation	$	65,000
				Taxes:
$                34,450	N/A	N/A	20	Employer Payroll Taxes	$	58,450
	N/A	N/A	21	Real Property Taxes
	N/A	N/A	22	Other Taxes
	N/A	N/A	23	Other Selling	$	15,000
$                76,989	N/A	N/A	24	Other Administrative	$	200,989
$                55,118	N/A	N/A	25	Interest	$	85,118
	N/A	N/A	26	Other Expenses:
	N/A	N/A	27
	N/A	N/A	28
	N/A	N/A	29
	N/A	N/A	30
	N/A	N/A	31
	N/A	N/A	32
	N/A	N/A	33
	N/A	N/A	34
$              615,406	N/A	N/A	35	Total Expenses	$	1,279,406
$              832,768	N/A	N/A	36	Subtotal	$	700,768
				Reorganization Items:
($           140,000)	N/A	N/A	37	Professional Fees	($	365,500	)
	N/A	N/A	38	Provisions for Rejected Executory Contracts
	N/A	N/A	39	Interest Earned on Accumulated Cash from
	N/A	N/A		Resulting Chp 11 Case
$           4,503,539	N/A	N/A	40	Gain or (Loss) from Sale of Assets	$	4,503,539
	N/A	N/A	41	U.S. Trustee Quarterly Fees
	N/A	N/A	42
$           4,363,539	N/A	N/A	43	Total Reorganization Items	$	4,138,039
$           5,196,307	N/A	N/A	44	Net Profit (Loss) Before Federal & State Taxes	$	4,838,807
	N/A	N/A	45	Federal & State Income Taxes
$           5,196,307	N/A	N/A	46	Net Profit (Loss)	$	4,838,807

Attach an Explanation of Variance to Statement of Operations (For variances greater than +/- 10% only):

BALANCE SHEET
(General Business Case)
For the Month Ended March 31, 2005

		From Schedules	Market Value
Assets
	Current Assets
1	Cash and cash equivalents — unrestricted		$	1,225,000
2	Cash and cash equivalents — restricted		$	1,461,938
3	Accounts receivable (net)	A	$	0
4	Inventory	B	$	0
5	Prepaid expenses		$	483,615
6	Professional retainers
7	Other:
8
9	Total Current Assets		$	3,170,553
	Property and Equipment (Market Value)
10	Real property	C	$	0
11	Machinery and equipment	D	$	0
12	Furniture and fixtures	D	$	0
13	Office equipment	D	$	0
14	Leasehold improvements	D	$	0
15	Vehicles	D	$	0
16	Other:	D
17		D
18		D
19		D
20		D
21	Total Property and Equipment		$	0
	Other Assets
22	Loans to shareholders
23	Loans to affiliates
24
25
26
27
28	Total Other Assets		$	0
29	Total Assets		$	3,170,553

     NOTE:

Indicate the method used to estimate the market value of assets (e.g., appraisals; familiarity with comparable market prices, etc.) and the date the value was determined.

Liabilities and Equity
(General Business Case)

	Liabilities From Schedules
	Post-Petition
	Current Liabilities
30	Salaries and wages
31	Payroll taxes
32	Real and personal property taxes
33	Income taxes
34	Sales taxes	$	3,351
35	Notes payable (short term)	$	0
36	Accounts payable (trade)                                  A	$	113,231
37	Real property lease arrearage	$	0
38	Personal property lease arrearage
39	Accrued professional fees*	$	375,000
40	Current portion of long-term post-petition debt (due within 12 months)
41	Other:
42
43
44	Total Current Liabilities	$	491,582
45	Long-Term Post-Petition Debt, Net of Current Portion
46	Total Post-Petition Liabilities	$	491,582
	Pre-Petition Liabilities (allowed amount)
47	Secured claims                                                   F	$	0
48	Priority unsecured claims                                  F	$	79,594
49	General unsecured claims                                  F	$	1,992,679
50	Total Pre-Petition Liabilities	$	2,072,273
51	Total Liabilities	$	2,563,855
	Equity (Deficit)
52	Retained Earnings/(Deficit) at time of filing		($138,812,000	)
53	Capital Stock
54	Additional paid-in capital	$	133,827,000
55	Cumulative profit/(loss) since filing of case	$	4,838,807
56	Post-petition contributions/(distributions) or (draws)
57
58	Market value adjustment **	$	752,881
59	Total Equity (Deficit)	$	606,688
60	Total Liabilities and Equity (Deficit)	$	3,170,543

*	Based on Debtor’s Cash Flow Budget which is attached as Exhibit 1
**	Adjustment to account for difference in book value of assets sold and market value represented by sale price.

SCHEDULES TO THE BALANCE SHEET
(General Business Case)

Schedule A
Accounts Receivable and (Net) Payable

	Accounts Receivable		Accounts Payable		Past Due
Receivables and Payables Agings	[Pre and Post Petition]		[Post Petition]		Post Petition Debt
0 -30 Days			$	84,268
31-60 Days			$	26,017
61-90 Days			$	2,946	$	28,963
91+ Days
Total accounts receivable/payable	$	0	$	113,231
Allowance for doubtful accounts
Accounts receivable (net)	$	0

Schedule B
Inventory/Cost of Goods Sold

	Inventory(ies)
	Balance at
	End of Month
Types and Amount of Inventory(ies)
Retail/Restaurants -
Product for resale
Distribution -
Products for resale
Manufacturer -
Raw Materials
Work-in-progress
Finished goods
Other — Explain
TOTAL	$	0
Cost of Goods Sold
Inventory Beginning of Month
Add -
Net purchase
Direct labor
Manufacturing overhead
Freight in
Other:
Less -
Inventory End of Month
Shrinkage
Personal Use
Cost of Goods Sold	$	0
Method of Inventory Control
Do you have a functioning perpetual inventory system?
Yes                      No
How often do you take a complete physical inventory?
Weekly
Monthly
Quarterly
Semi-annually
Annually
Date of last physical inventory was
Date of next physical inventory is
Inventory Valuation Methods
Indicate by a checkmark method of inventory used.
Valuation methods -
FIFO cost
LIFO cost
Lower of cost or market
Retail method
Other
Explain

Schedule C
Real Property

		Cost		Market Value
Description
	Total	$	0	$	0

Schedule D
Other Depreciable Assets

		Cost		MarketValue
Description
Machinery & Equipment-
	Total	$	0	$	0
Furniture & Fixtures-
	Total	$	0	$	0
Office Equipment-
	Total	$	0	$	0
Lease hold Improvements-
	Total	$	0	$	0
Vehicles-
	Total	$	0	$	0

Schedule E
Aging of Post-Petition Taxes
(As of End of the Current Reporting Period)

	0-30 Days		31-60 Days		61-90 Days		91+ Days		Total
Taxes Payable
Federal
Income Tax Withholding	$	0							$	0
FICA — Employee	$	0							$	0
FICA — Employer	$	0							$	0
Unemployment (FUTA)	$	0							$	0
Income	$	0							$	0
Other (Attach List)	$	0							$	0
Total Federal Taxes	$	0	$	0	$	0	$	0	$	0
State and Local	$	0
Income Tax Withholding	$	0							$	0
Unemployment (UT)	$	0							$	0
Disability Insurance (DI)	$	0							$	0
Empl. Training Tax (ETT)	$	0							$	0
Sales	$	0							$	0
Excise	$	0							$	0
Real property	$	0							$	0
Personal property	$	0							$	0
Income	$	0							$	0
Other (Attach List)	$	0							$	0
Total State & Local Taxes	$	0	$	0	$	0	$	0	$	0
Total Taxes	$	0	$	0	$	0	$	0	$	0

Schedule F
Pre-Petition Liabilities

	Claimed		Allowed
List Total Claims For Each Classification -	Amount *		Amount (b) *
Secured claims (a)	$	0	$	0
Priority claims other than taxes	$	79,594	$	79,594
Priority tax claims
General unsecured claims	$	1,992,679	$	1,992,679

(a)	List total amount of claims even it under secured.
(b)	Estimated amount of claim to be allowed after compromise or litigation. As an example, you are a defendant in a lawsuit alleging damage of $10,000,000 and a proof of claim is filed in that amount. You believe that you can settle the case for a claim of $3,000,000. For Schedule F reporting purposes you should list $10,000,000 as the Claimed Amount and $3,000,000 as the Allowed Amount.

Schedule G
Rental Income Information
Not applicable to General Business Cases

Schedule H
Recapitulation of Funds Held at End of Month

	Account 1		Account 2		Account 3		Account 4
Bank	Silicon Valley Bk		SVB Securities		Morgan Stanley
Account Type	Checking		Investment		Investment
Account No.		350524370	8860074-1-4-ZGQ			14-78N08
Account Purpose	Operating		ST Investment		Investment
Balance, End of Month	$	2,685,411	$	0	$	1,527
Total Funds on Hand for all Accounts	$	2,686,938

Attach copies of the month end bank statement(s), reconciliation(s), and the check register(s) to the Monthly Operating Report.

* The general claims bar date has not yet passed, and the Debtors have not yet completed their comparison of scheduled claims to filed claims.

STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS

Increase/(Decrease) in Cash and Cash Equivalents

For the Month Ended 03/31/05

		Actual		Cumulative
		Current Month		(Case to Date)
	Cash Receipts
1	Rent/Leases Collected
2	Cash Received from Sales	$	1,182,100	$	1,600,100
3	Interest Received
4	Borrowings			$	715,000
5	Funds from Shareholders, Partners, or Other Insiders
6	Capital Contributions
7	Proceeds from sale of assets	$	7,150,000	$	7,150,000
8
9
10
11
12	Total Cash Receipts	$	8,332,100	$	9,465,100
	Cash Disbursements
13	Payments for Inventory
14	Selling
15	Administrative	$	65,827	$	65,827
16	Capital Expenditures
17	Principal Payments on Debt	$	4,820,355	$	4,820,355
18	Interest Paid	$	55,118	$	86,118
	Rent/Lease:
19	Personal Property
20	Real Property	$	29,188	$	125,188
	Amount Paid to Owner(s)/Officer(s)
21	Salaries	$	59,828	$	117,828
22	Draws
23	Commissions/Royalties
24	Expense Reimbursements	$	11,162	$	15,162
25	Other
26	Salaries/Commissions (less employee withholding)	$	254,505	$	408,505
27	Management Fees
	Taxes:
28	Employee Withholding	$	105,328	$	146,328
29	Employer Payroll Taxes	$	34,450	$	56,450
30	Real Property Taxes
31	Other Taxes
32	Other Cash Outflows:
33	Consultant Retainer			$	24,000
34	Lender Fees and Expenses	$	405,781	$	437,781
35	Payments to Radvision (cash at closing and cure costs)	$	495,000	$	495,000
36	Success fee payment to Gordian Group	$	140,000	$	140,000
37	Breakup fee paid to MTV	$	150,000	$	150,000
38	Total Cash Disbursements:	$	6,626,542	$	7,088,542
39	Net Increase (Decrease) in Cash	$	1,705,558	$	2,376,558
40	Cash Balance, Beginning of Period	$	987,000	$	316,000
41	Cash Balance, End of Period	$	2,692,558	$	2,692,558