Exhibit 99.1
UNITED STATES BANKRUPTCY COURT
DISTRICT OF DELAWARE
DISTRICT OF DELAWARE
| In re Proxymed Transaction Services, Inc. | Case No. 08-11551 | |
| In re Proxymed, Inc. | Case No. 08-11553 | |
| In re Proxymed Lab Services, LLC | Case No. 08-11554 | |
| Debtors | Reporting Period: 7/23/08 — 7/31/08 |
SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS
| CURRENT | CUMULATIVE | |||||||||||||||||||||||||||||||||||
| BANK ACCOUNTS | MONTH | FILING TO DATE | ||||||||||||||||||||||||||||||||||
| CNTRL DISB | MONEY MARKET | OPERATING | Laurus Sweep LBs | LAB HC SOLUTIONS | PAYROLL | LOCKBOX#1 | ||||||||||||||||||||||||||||||
| (WACHOVIA) | (WACHOVIA) | (WACHOVIA) | (WACHOVIA) | (WACHOVIA) | (WACHOVIA) | (WACHOVIA) | ||||||||||||||||||||||||||||||
| Account Number | 20799005-64044 | 20000261-35533 | 20900023-74739 | 20000273-16186 | 20799005-64196 | 20900023-74755 | 20200003-81891 | ACTUAL | ACTUAL | |||||||||||||||||||||||||||
| CASH BEGINNING OF MONTH (on 7/23/08) | $ | 90,414 | $ | 137,960 | $ | 140,924 | $ | 2,886 | $ | 7,910 | $ | — | $ | — | $ | 380,094 | $ | 380,094 | ||||||||||||||||||
| CASH SALES | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
| ACCOUNTS RECEIVABLE — COLLECTIONS | $ | — | $ | — | $ | 22,569 | $ | 272,808 | $ | — | $ | — | $ | 209,582 | $ | 504,958 | $ | 504,958 | ||||||||||||||||||
| LOANS AND ADVANCES—Laurus | $ | — | $ | — | $ | 467,000 | $ | — | $ | — | $ | — | $ | 467,000 | $ | 467,000 | ||||||||||||||||||||
| SALE OF ASSETS | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 41,760 | ||||||||||||||||||
| INTERCO TO/FROM (LAB) | $ | 41,760 | $ | 41,760 | ||||||||||||||||||||||||||||||||
| OTHER | $ | — | $ | 123 | $ | 2,252 | $ | — | $ | — | $ | — | $ | — | $ | 2,375 | $ | 2,375 | ||||||||||||||||||
TRANSFERS(FROM DIP ACCOUNTS) | $ | — | $ | — | $ | 191,166 | $ | — | $ | — | $ | 578,652 | $ | — | $ | 769,818 | $ | 769,818 | ||||||||||||||||||
| TOTAL RECEIPTS | $ | — | $ | 123 | $ | 682,966 | $ | 314,568 | $ | — | $ | 578,652 | $ | 209,582 | $ | 1,785,911 | $ | 1,785,911 | ||||||||||||||||||
| DISBURSEMENTS | ||||||||||||||||||||||||||||||||||||
| NET PAYROLL | 2,084 | — | — | — | — | 559,310 | — | 561,394 | 561,394 | |||||||||||||||||||||||||||
| PAYROLL TAXES | — | — | — | — | — | 1,773 | — | 1,773 | 1,773 | |||||||||||||||||||||||||||
| 401K RELATED EXPENSES | — | — | — | — | — | 17,569 | — | 17,569 | 17,569 | |||||||||||||||||||||||||||
| SALES, USE & OTHER TAXES | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
| DIRECT COST OF SALES | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
| TELECOMM CHARGES (COGS & SG&A) | 93,358 | — | — | — | — | — | — | 93,358 | 93,358 | |||||||||||||||||||||||||||
| SECURED / RENTAL / LEASES (INCLUDES RENT) | — | — | — | — | 4,851 | — | — | 4,851 | 4,851 | |||||||||||||||||||||||||||
| COMMERCIAL INSURANCE | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
| HEALTH INSURANCE | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
| ADMINISTRATIVE (INCL. R&M, T&E, UTIL, CAPEX) | 1,177 | — | — | — | — | — | — | 1,177 | 1,177 | |||||||||||||||||||||||||||
| PARTNER COMMISSIONS (SALES REBATES) | 50,144 | — | — | — | — | — | — | 50,144 | 50,144 | |||||||||||||||||||||||||||
| 3RD PARTY CONTRACTORS | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
| SELLING COMMISSIONS | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
| UTILITY DEPOSITS | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
| PAYDOWN_SR. LOAN PMT | — | 298,130 | 298,130 | |||||||||||||||||||||||||||||||||
| OUTSTANDING CHECKS | — | — | — | — | (558,452 | ) | — | (558,452 | ) | (558,452 | ) | |||||||||||||||||||||||||
| INTERCO TO/FROM (LAB) | — | |||||||||||||||||||||||||||||||||||
| OTHER | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
TRANSFERS(TO DIP ACCOUNTS) | — | — | 560,236 | — | — | — | 209,582 | 769,818 | 769,818 | |||||||||||||||||||||||||||
| PROFESSIONAL FEES | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
| U.S. TRUSTEE QUARTERLY FEES | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
| COURT COSTS | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
| TOTAL DISBURSEMENTS | 146,764 | — | 560,236 | 298,130 | 4,851 | 20,200 | 209,582 | 1,239,763 | 1,239,763 | |||||||||||||||||||||||||||
| NET CASH FLOW | ||||||||||||||||||||||||||||||||||||
| (RECEIPTS LESS DISBURSEMENTS) | $ | (146,764 | ) | $ | 123 | $ | 122,750 | $ | 16,438 | $ | (4,851 | ) | $ | 558,452 | $ | — | $ | 546,147 | $ | 546,147 | ||||||||||||||||
| PETTY CASH | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 725 | $ | 725 | ||||||||||||||||||
| CASH — END OF MONTH | $ | (56,350 | ) | $ | 138,083 | $ | 263,674 | $ | 19,324 | $ | 3,059 | $ | 558,452 | $ | — | $ | 926,967 | $ | 926,967 | |||||||||||||||||
THE FOLLOWING SECTION MUST BE COMPLETED
DISBURSEMENTS FOR CALCULATING TRUSTEE QUARTERLY FEES (FROM CURRENT MONTH ACTUAL COLUMN)
| TOTAL DISBURSEMENTS | $ | 1,239,763.14 | ||
| LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS | (769,817.73 | ) | ||
| PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. from escrow accounts) | ||||
| TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES | $ | 469,945.41 | ||
| ** | Please note that no funds have been paid from either Proxymed Inc. not Proxymed Lab Services during this period. |
UNITED STATES BANKRUPTCY COURT
DISTRICT OF DELAWARE
DISTRICT OF DELAWARE
| In re Proxymed Transaction Services, Inc. | Case No. 08-11551 | |||
| In re Proxymed, Inc. | Case No. 08-11553 | |||
| In re Proxymed Lab Services, LLC | Case No. 08-11554 | |||
| Debtors | Reporting Period: 7/23/08 — 7/31/08 |
SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID
This schedule is to include all retained professional payments from case inception to current month.
This schedule is to include all retained professional payments from case inception to current month.
NO PROFESSIONAL FEES OR EXPENSES PAID DURING THE 7/23/08 — 7/31/08 REPORTING PERIOD
| Amount | Check | Amount Paid | Year-To-Date | |||||||||||||||||||||||||||||||||||
| Payee | Period Covered | Approved | Payor | Number | Date | Fees | Expenses | Fees | Expenses | |||||||||||||||||||||||||||||
UNITED STATES BANKRUPTCY COURT
DISTRICT OF DELAWARE
DISTRICT OF DELAWARE
| In re Proxymed Transaction Services, Inc. | Case No. 08-11551 | |||
| In re Proxymed, Inc. | Case No. 08-11553 | |||
| In re Proxymed Lab Services, LLC | Case No. 08-11554 | |||
| Debtors | Reporting Period: 7/23/08 — 7/31/08 |
CASH DISBURSEMENTS JOURNAL
| VENDOR | MONTH | CHECK # | CHECK/WIRE | AMOUNT | CATEGORY | |||||||||||
| QUALITY TECHNOLOGY SVCS METRO LLC | Jul08 | 37014 | Check | $ | 84,554.96 | PHONE | ||||||||||
| UCN | Jul08 | 37015 | Check | $ | 8,803.48 | PHONE | ||||||||||
| $ | 93,358.44 | PHONE Total | ||||||||||||||
| PENNICK, CHRYSTA | Jul08 | 37002 | Check | $ | 1,797.04 | PR NET | ||||||||||
| CHANTHAPAY, DENNIS | Jul08 | 37001 | Check | $ | 287.13 | PR NET | ||||||||||
| $ | 2,084.17 | PR NET Total | ||||||||||||||
| EDS CORPORATION | Jul08 | 37003 | Check | $ | 600.00 | REBATES | ||||||||||
| HDX | Jul08 | 37004 | Check | $ | 7,167.20 | REBATES | ||||||||||
| HEALTH AND HUMAN SERVICES COMMISSION | Jul08 | 37005 | Check | $ | 291.68 | REBATES | ||||||||||
| INSTITUTIONAL MARKETING SERVICES, INC. | Jul08 | 37006 | Check | $ | 19,500.00 | REBATES | ||||||||||
| IVANS INC. | Jul08 | 37007 | Check | $ | 83.70 | REBATES | ||||||||||
| IVANS INC. | Jul08 | 37008 | Check | $ | 10,552.01 | REBATES | ||||||||||
| LETTERLOGIC | Jul08 | 37009 | Check | $ | 1,436.53 | REBATES | ||||||||||
| MEDDATA, INC. | Jul08 | 37010 | Check | $ | 8,617.81 | REBATES | ||||||||||
| MEDIFAX EDI | Jul08 | 37011 | Check | $ | 399.21 | REBATES | ||||||||||
| MEDIFAX EDI | Jul08 | 37012 | Check | $ | 921.73 | REBATES | ||||||||||
| PASSPORT HEALTH COMMUNICATIONS INC. | Jul08 | 37013 | Check | $ | 574.26 | REBATES | ||||||||||
| $ | 50,144.13 | REBATES Total | ||||||||||||||
| $ | 145,586.74 | Grand Total | ||||||||||||||
UNITED STATES BANKRUPTCY COURT
DISTRICT OF DELAWARE
DISTRICT OF DELAWARE
| In re Proxymed Transaction Services, Inc. | Case No. 08-11551 | |||
| In re Proxymed, Inc. | Case No. 08-11553 | |||
| In re Proxymed Lab Services, LLC | Case No. 08-11554 | |||
| Debtors | Reporting Period: 7/23/08 — 7/31/08 |
STATEMENT OF OPERATIONS
(Income Statement)
| 7/23/08 - | Cumulative | |||||||
| 7/31/2008 | Filing to Date | |||||||
| Gross Revenue | $ | 2,281,858 | $ | 2,281,858 | ||||
| Revenue Adjustments | (22,498 | ) | (22,498 | ) | ||||
Net Revenue | 2,259,360 | 2,259,360 | ||||||
| Direct Cost of Sales | 13,984 | 13,984 | ||||||
| Telecomm Charges | 54,336 | 54,336 | ||||||
| Partner Commissions | 68,703 | 68,703 | ||||||
| Labor and Overhead | 0 | 0 | ||||||
| Other | 0 | 0 | ||||||
Cost of Sales | 137,023 | 137,023 | ||||||
Gross Profit | 2,122,337 | 2,122,337 | ||||||
| Operating Expenses | ||||||||
| Payroll and Related Costs | ||||||||
| Payroll | 251,032 | 251,032 | ||||||
| Overtime | 3,813 | 3,813 | ||||||
| PTO Compensation Adjustment | (366 | ) | (366 | ) | ||||
| Payroll Taxes | 19,898 | 19,898 | ||||||
| Payroll Related Insurance | 24,006 | 24,006 | ||||||
| Other Employee Benefits | 679 | 679 | ||||||
| Payroll Admin Costs | 893 | 893 | ||||||
| Outside Programmers/Contractors | 17,073 | 17,073 | ||||||
| Capitalized Payroll/Contractors | (4,432 | ) | (4,432 | ) | ||||
| Temporary and Outside Labor | 4,229 | 4,229 | ||||||
| Commissions | 14,516 | 14,516 | ||||||
| Travel, Meals and Entertainment | 8,757 | 8,757 | ||||||
| Advertising and Promotion | 78 | 78 | ||||||
| Exhibitions and Shows | 559 | 559 | ||||||
| Rent | 30,296 | 30,296 | ||||||
| Equipment Rental/Leases | 1,229 | 1,229 | ||||||
| Utilities | 280 | 280 | ||||||
| Telecommunications | 30,285 | 30,285 | ||||||
| Repairs and Maintenance | 12,992 | 12,992 | ||||||
| Non-Capitalized Assets | 29 | 29 | ||||||
| Insurance — General | 9,319 | 9,319 | ||||||
| Insurance — D&O | 2,227 | 2,227 | ||||||
| General Office Expenses | 3,307 | 3,307 | ||||||
| Dues & Subscriptions | 2,563 | 2,563 | ||||||
| Licenses & Miscellaneous Fees | 5,493 | 5,493 | ||||||
| Postage & Overnight Delivery | 1,828 | 1,828 | ||||||
| Accounting | 280 | 280 | ||||||
| Legal | 23,784 | 23,784 | ||||||
| Consulting | 54,971 | 54,971 | ||||||
| Stockholders’ Expenses | 2,319 | 2,319 | ||||||
| Property & Other Taxes | 4,840 | 4,840 | ||||||
| Miscellaneous G&A Expenses | 21,271 | 21,271 | ||||||
| Other Income/Expense | (173,877 | ) | (173,877 | ) | ||||
Total Operating Expenses | 374,171 | 374,171 | ||||||
| Depreciation | 54,935 | 54,935 | ||||||
| Amortization | 46,150 | 46,150 | ||||||
Net Profit (Loss) Before Other Income/Expenses | 1,647,082 | 1,647,082 | ||||||
| Other Income and Expenses | ||||||||
| Other (Income)/Expense (attach schedules) | 0 | 0 | ||||||
| Interest (Income)/Expense, Net | 91,154 | 91,154 | ||||||
Net Profit (Loss) Before Reorganization Items | 1,555,928 | 1,555,928 | ||||||
| Professional Fees | 84,941 | 84,941 | ||||||
| US Trustee Quarterly Fees | 0 | |||||||
| Interest earned on Accum cash from Chapter 1 (see continuation sheet) | 0 | |||||||
| (Gain)/Loss on Sale of Assets | 0 | 0 | ||||||
| Gain/Loss on Sale of Disc Ops | 0 | 0 | ||||||
| Other Reorg Expenses (attach schedule) | 0 | 0 | ||||||
Total Reorg Expenses | 84,941 | 84,941 | ||||||
| Income Tax | 0 | 0 | ||||||
Net Income/(Loss) | $ | 1,470,987 | $ | l,470,987 | ||||
UNITED STATES BANKRUPTCY COURT
DISTRICT OF DELAWARE
DISTRICT OF DELAWARE
| In re Proxymed Transaction Services, Inc. | Case No. 08-11551 | |||
| In re Proxymed, Inc. | Case No. 08-11553 | |||
| In re Proxymed Lab Services, LLC | Case No. 08-11554 | |||
| Debitors | Reporting Period: 7/23/08 — 7/31/08 |
BALANCE SHEET
| As of | ||||||||
| As of | 7/23/2008 | |||||||
| 7/31/2008 | Petition Date | |||||||
| Cash and Cash Equivalents | 930,874 | 380,094 | ||||||
| Restricted Cash (Adequate Assurance Deposit Account) | 0 | 0 | ||||||
| Accounts Receivable, Net | 4,282,073 | 2,585,910 | ||||||
| Note and Other Receivables | 15,518 | 15,518 | ||||||
| Inventory | 0 | 0 | ||||||
| Prepaid Expenses | 936,363 | 921,026 | ||||||
| Professional Retainers | 296,404 | 296,404 | ||||||
| Other Current Assets | 1,263 | 1,263 | ||||||
Total Current Assets | 6,462,495 | 4,200,215 | ||||||
| �� | ||||||||
Property and Equipment | ||||||||
| Machinery and Equipment | 13,973,222 | 13,973,222 | ||||||
| Furniture Fixtures and Office Equipment | 431,389 | 431,389 | ||||||
| Leasehold Improvments | 489,701 | 489,701 | ||||||
| Less: Accumulated Depreciation | -12,239,736 | -12,239,736 | ||||||
Property and Equipment, Net | 2,654,576 | 2,654,576 | ||||||
| Goodwill, Net | 3,693,828 | 3,693,828 | ||||||
| Purch. & Cap. Software & Tech. Costs, net | 1,273,032 | 1,273,032 | ||||||
| Other Assets | 527,277 | 527,277 | ||||||
Total Assets | 14,611,208 | 12,348,928 | ||||||
Post-Petition Liabilities: | ||||||||
| Secured Debt (Lauras) | 188,110 | 0 | ||||||
| Professional Fees | 84,941 | |||||||
| Unsecured Debt | 12,957 | 0 | ||||||
| Current Capital Leases Payable | 0 | 0 | ||||||
| Current Deferred Revenue | 0 | 0 | ||||||
| Accounts Payable | 54,060 | 0 | ||||||
| Taxes Payable | 102,059 | 0 | ||||||
| Wages Payable | 264,266 | 0 | ||||||
| Commissions Payable | 15,000 | 0 | ||||||
| Partner Commissions Payable | 69,900 | 0 | ||||||
| Other Accrued Expenses | 0 | 0 | ||||||
| Other Current Liabilities | 0 | 0 | ||||||
Total Current Post-Petition Liabilities | 791,293 | 0 | ||||||
Post-Petition Long-Term Liabilities | ||||||||
| Long-Term Capital Lease Payable | 0 | 0 | ||||||
| Long-Term Def Rev and Other Long-Term Liabilities | 0 | 0 | ||||||
Petition Date Liabilities: | ||||||||
| Secured Debt (Laurus) | 5,079,287 | 5,079,287 | ||||||
| Unsecured Debt | 13,299,203 | 13,299,203 | ||||||
| Current Capital Leases Payable | 349,534 | 349,534 | ||||||
| Current Deferred Revenue | 118,955 | 118,955 | ||||||
| Accounts Payable | 2,763,972 | 2,763,972 | ||||||
| Taxes Payable | 0 | 0 | ||||||
| Wages Payable | 1,117,225 | 1,117,225 | ||||||
| Commissions Payable | 180,182 | 180,182 | ||||||
| Partner Commissions Payable | 252,550 | 252,550 | ||||||
| Other Accrued Expenses | 674,353 | 674,353 | ||||||
| Other Current Liabilities | 845,877 | 845,877 | ||||||
Total Petition Date Liabilities | 24,681,138 | 24,681,138 | ||||||
Petition Date Long-Term Liabilities | ||||||||
| Long-Term Capital Lease Payable | 1,052,067 | 1,052,067 | ||||||
| Long-Term Def Rev and Other Long-Term Liabilitie | 409,631 | 409,631 | ||||||
Total Liabilities | 26,934,129 | 26,142,836 | ||||||
| Stockholders’ Equity | ||||||||
| Preferred Stock | 21 | 21 | ||||||
| Common Stock | 13,783 | 13,783 | ||||||
| Additional Paid-In Capital | 245,799,000 | 245,799,000 | ||||||
| Unearned Compensation | 65,019 | 65,019 | ||||||
| Retained Earnings (Deficit) Pre Petition | -259,671,731 | -259,671,731 | ||||||
| Retained Earnings (Deficit) Post Petition | 1,470,937 | 0 | ||||||
Total Stockholder’s Equity | -12,322,921 | -13,793,908 | ||||||
Total Liabilities and Stockholders’ Equity | 14,611,208 | 12,348,928 | ||||||
UNITED STATES BANKRUPTCY COURT
DISTRICT OF DELAWARE
DISTRICT OF DELAWARE
| In re Proxymed Transaction Services, Inc. | Case No. 08-11551 | |
| In re Proxymed, Inc. | Case No. 08-11553 | |
| In re Proxymed Lab Services, LLC | Case No. 08-11554 | |
| Debtors | Reporting Period: 7/23/08 — 7/31/08 |
STATUS OF POSTPETITION TAXES
The beginning tax liability should be the ending liability from the prior month or, if this is the first report, the amount should be zero.
Attach photocopies of IRS Form 6123 or payment receipt to verify payment or deposit of federal payroll taxes.
Attach photocopies of any tax returns filed during the reporting period.
Attach photocopies of IRS Form 6123 or payment receipt to verify payment or deposit of federal payroll taxes.
Attach photocopies of any tax returns filed during the reporting period.
| Beginning | Amount | Ending | ||||||||||||||||||||||
| Tax | Withheld or | Amount | Date | Check No. | Tax | |||||||||||||||||||
| Federal | Liability | Accrued | Paid | Paid | or EFT | Liability | ||||||||||||||||||
| Withholding | 35,005 | 35,005 | ||||||||||||||||||||||
| FICA-Employee | 17,550 | 17,550 | ||||||||||||||||||||||
| FICA-Employer | 35,100 | 35,100 | ||||||||||||||||||||||
| Unemployment | 154 | 154 | ||||||||||||||||||||||
| Income (same as Withholding) | 0 | |||||||||||||||||||||||
| Other: | 0 | |||||||||||||||||||||||
| Total Federal Taxes | 87,808 | 87,808 | ||||||||||||||||||||||
State and Local | ||||||||||||||||||||||||
| Withholding | 10,634 | 10,634 | ||||||||||||||||||||||
| Sales | 1,954 | 1,954 | ||||||||||||||||||||||
| Excise | 0 | |||||||||||||||||||||||
| Unemployment | 673 | 673 | ||||||||||||||||||||||
| Real Property | 0 | |||||||||||||||||||||||
| Personal Property | 0 | 0 | ||||||||||||||||||||||
| Other: Employee SDI Tax | 852 | 852 | ||||||||||||||||||||||
| Local Taxes | 138 | 138 | ||||||||||||||||||||||
| Total State and Local | 14,251 | 14,251 | ||||||||||||||||||||||
Total Taxes | 102,059 | 102,059 | ||||||||||||||||||||||
SUMMARY OF UNPAID POSTPETITION DEBTS
Attach aged listing of accounts payable.
| Number of Days Past Due | |||||||||||||||||||||||
| Current | 0–30 | 31–60 | 61–90 | Over 90 | Total | ||||||||||||||||||
| Accounts Payable | 54,060 | ||||||||||||||||||||||
| Wages Payable | 264,266 | ||||||||||||||||||||||
| Taxes Payable | 102,059 | ||||||||||||||||||||||
| Rent/Leases-Building | |||||||||||||||||||||||
| Rent/Leases-Equipment | |||||||||||||||||||||||
| Secured Debt/Adequate Protection Payments | 188,110 | ||||||||||||||||||||||
| Professional Fees | 84,941 | ||||||||||||||||||||||
| Amounts Due to Insiders* | |||||||||||||||||||||||
| Commissions Payable | 15,000 | ||||||||||||||||||||||
| Partner Commissions Payable | 69,900 | ||||||||||||||||||||||
| Other | 12,957 | ||||||||||||||||||||||
| Total Postpetition Debts | 791,293 | ||||||||||||||||||||||
Explain how and when the Debtor intends to pay any past-due postpetition debts.
* “Insider” is defined in 11 U.S.C. Section 101(31).
UNITED STATES BANKRUPTCY COURT
DISTRICT OF DELAWARE
DISTRICT OF DELAWARE
| In re Proxyrmed Transaction Services, Inc. | Case No. 08-11551 | |
| In re Proxymed, Inc. | Case No. 08-11553 | |
| In re Proxymed Lab Services, LLC | Case No. 08-11554 | |
| Debtors | Reporting Period: 7/23/08 — 7/31/08 |
POSTPETITION ACCOUNTS PAYABLE
| Vendor Name | Vendor | Voucher No. | Amt | Doc Date | Apply Date | Invoice No. | ||||||||
| HURGETON, GEORGE | VN10873 | VCH00032272 | 113.00 | 7/23/2008 | 7/28/2008 | 1007 | ||||||||
| KHALIL, ADNANE | VN020994 | VCH00032276 | 4,108.62 | 7/23/2008 | 7/28/2008 | 1027 | ||||||||
| MCKENNA, ANGELA | VN020955 | VCH00032274 | 94.66 | 7/23/2008 | 7/28/2008 | 1055 | ||||||||
| MCKENNA, ANGELA | VN020955 | VCH00032275 | 2,044.63 | 7/23/2008 | 7/28/2008 | 1054 | ||||||||
| QUALITY TECHNOLOGY SVCS METRO LLC | VN021419 | VCH00032321 | 14,576.88 | 7/23/2008 | 7/31/2008 | POST 2926 | ||||||||
| WILLINGHAM, KIRK | VN021037 | VCH00032273 | 543.81 | 7/23/2008 | 7/28/2008 | 1073 | ||||||||
| YOSEMITE WATERS | VN11914 | VCH00032310 | 90.95 | 7/23/2008 | 7/31/2008 | POST 072308 | ||||||||
| MCKENNA, ANGELA | VN020955 | VCH00032271 | 1,044.82 | 7/24/2008 | 7/28/2008 | 1056 | ||||||||
| SANCHEZ, ABDIEL | VN12142 | VCH00032270 | 148.28 | 7/24/2008 | 7/28/2008 | 1053 | ||||||||
| TAC WWORLDWIDE | VN021427 | VCH00032250 | 3,850.00 | 7/24/2008 | 7/28/2008 | 10540279 | ||||||||
| CHANTHAPAY, DENNIS | VN021549 | VCH00032238 | 287.13 | 7/25/2008 | 7/25/2008 | CHKREQ072308 | ||||||||
| INXPRESS | VN021055 | VCH00032284 | 875.81 | 7/25/2008 | 7/29/2008 | 10100012HG25 | ||||||||
| MYERS, ALLISON | VN020529 | VCH00032268 | 2,592.66 | 7/25/2008 | 7/28/2008 | 1417 | ||||||||
| ROCCHI, KAREN | VN11488 | VCH00032267 | 49.12 | 7/25/2008 | 7/28/2008 | 1568 | ||||||||
| ROSE, JAMIE | VN021112 | VCH00032269 | 1,122.92 | 7/25/2008 | 7/28/2008 | 1052 | ||||||||
| VACO ATLANTA LLC | VN021507 | VCH00032345 | 1,861.50 | 7/25/2008 | 7/31/2008 | POST BILL/17585 | ||||||||
| VACO ATLANTA LLC | VN021507 | VCH00032349 | 4,916.40 | 7/25/2008 | 7/31/2008 | POST BILL/17589 | ||||||||
| VACO ATLANTA LLC | VN021507 | VCH00032347 | 5,211.00 | 7/25/2008 | 7/31/2008 | POST BILL/17586 | ||||||||
| STUBBS, TERESA | VN11057 | VCH00032266 | 267.96 | 7/26/2008 | 7/28/2008 | 1097 | ||||||||
| BWC STATE INSURANCE FUND | VN021452 | VCH00032239 | 336.13 | 7/28/2008 | 7/28/2008 | CHKREQ072808 | ||||||||
| FLEMING, PETER | VN021021 | VCH00032262 | 920.00 | 7/28/2008 | 7/28/2008 | 1048 | ||||||||
| FLEMING, PETER | VN021021 | VCH00032261 | 1,607.14 | 7/28/2008 | 7/28/2008 | 1047 | ||||||||
| LAWSON, LESLIE | VN021231 | VCH00032264 | 81.02 | 7/28/2008 | 7/28/2008 | 1041 | ||||||||
| SPEARS, MICHAEL ALESTER | VN10261 | VCH00032263 | 185.65 | 7/28/2008 | 7/28/2008 | 1025 | ||||||||
| THOMPSON, ALTON BRIAN | VN021050 | VCH00032308 | 371.15 | 7/28/2008 | 7/31/2008 | POST08-07-28 | ||||||||
| WILLINGHAM, KIRK | VN021037 | VCH00032265 | 244.50 | 7/28/2008 | 7/28/2008 | 1074 | ||||||||
| ACCOUNTEMPS | VN10095 | VCH00032294 | 1,050.00 | 7/29/2008 | 7/29/2008 | 21935148 | ||||||||
| HALBLEIB CONSULTING, LLC | VN10883 | VCH00032306 | 864.00 | 7/29/2008 | 7/31/2008 | POST0055 | ||||||||
| MUGLER, DIANA | VN11941 | VCH00032298 | 304.96 | 7/29/2008 | 7/29/2008 | 1394 | ||||||||
| MYERS, ALLISON | VN020529 | VCH00032296 | 65.00 | 7/29/2008 | 7/29/2008 | 1418 | ||||||||
| WILLINGHAM, KIRK | VN021037 | VCH00032297 | 123.29 | 7/29/2008 | 7/29/2008 | 1075 | ||||||||
| COWAN, KRISTEN | VN020030 | VCH00032338 | 562.62 | 7/31/2008 | 7/31/2008 | POST 1340 | ||||||||
| HURGETON, GEORGE | VN10873 | VCH00032339 | 898.19 | 7/31/2008 | 7/31/2008 | POST 1008 | ||||||||
| TAC WWORLDWIDE | VN021427 | VCH00032351 | 2,444.75 | 7/31/2008 | 7/31/2008 | POST 1054706 | ||||||||
| WILLINGHAM, KIRK | VN021037 | VCH00032340 | 201.46 | 7/31/2008 | 7/31/2008 | POST 1076 | ||||||||
| Grand Total | 54,060.01 | |||||||||||||
UNITED STATES BANKRUPTCY COURT
DISTRICT OF DELAWARE
DISTRICT OF DELAWARE
| In re Proxymed Transaction Services, Inc. | Case No. 08-11551 | |||
| In re Proxymed, Inc. | Case No. 08-11553 | |||
| In re Proxymed Lab Services, LLC | Case No. 08-11554 | |||
| Debtors | Reporting Period: 7/23/08 — 7/31/08 |
ACCOUNTS RECEIVABLE RECONCILIATION AND AGING
| Accounts Receivable Reconciliation | Amount | |||
| Total Accounts Receivable at the beginning of the reporting period | $ | 2,981,999 | ||
| + Amounts billed during the period | 2,281,858 | |||
| - Amounts collected during the period | (585,696 | ) | ||
| Total Accounts Receivable at the end of the reporting period | $ | 4,678,161 | ||
| Accounts Receivable Aging | Amount | |||
| 0 – 30 days old | $ | 2,325,298 | ||
| 31 – 60 days old | 1,588,608 | |||
| 61 – 90 days old | 267,018 | |||
| 91+ days old | 497,236 | |||
| Total Accounts Receivable | 4,678,161 | |||
| Amount considered uncollectible (Bad Debt) | (396,088 | ) | ||
| Accounts Receivable (Net) | $ | 4,282,073 | ||
DEBTOR QUESTIONNAIRE
| Must be completed each month | Yes | No | ||
| 1. Have any assets been sold or transferred outside the normal course of business this reporting period? If yes, provide an explanation below. | No | |||
| 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. | No | |||
| 3. Have all postpetition tax returns been timely filed? If no, provide an explanation below. | Yes | |||
| 4. Are workers compensation, general liability and other necessary insurance coverages in effect? If no, provide an explanation below. | Yes | |||
| 5. Has any bank account been opened during the reporting period? If yes, provide documentation identifying the opened account(s). If an investment account has been opened provide the required documentation pursuant to the Delaware Local Rule 4001-3. | No |