Exhibit 99.4
| UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE In re Proxymed Transaction Services, Inc. Case No. 03-11551 In re Proxymed, Inc. In re Proxymed Lab Services, LLC Debtors File, with Court and submit copy toUnitedStales Trustee within 20day after end of month. Subrnit copy of report toany official commitee appointed in the case. REQUIRED DOCUMENTS Form No. Attached Attached Attached Schedule of Cash Receipts and Disbursements ,mor-i X Bank Reconciliation (or copies of debtor’s bank MOR-la X reconciliations) Schedule of Professional Fees Paid MOR-lb 2 Copies of bank statements X Cash disbursements journals X Statement of Operations MOR-2 X Balance Sheet MOR-3 X Status of Postpetition Taxes MOR-4X. Copies of IRS Form 6123 or payment receiptx Copies of tax returns filed during reporting period X Summary of Unpaid Postpetition Debts MOR-4 X Listing of aged accounts payable MOR-4 X Accounts Receivable Reconciliation and Aging MOR-5 X Debtor Questionnaire MOR-5 1 1 declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true correct to the best of my knowledge and belief. Signature of Debtor Date Signature of Joint Debtor Date Signature of Authorized Individual* Date Printed Name of Authorized individual Title of Authorized Individual•Authorized individual must he an officer, director or $haferioWer if debtor is n carpunuipn; a partner if debtor h a partnership; a manager or member if debtor is a limited liability company. |
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: 10-01-08 to 10-31-08 |
SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS
| CUMULATIVE | ||||||||||||||||||||||||||||||||||||||||
| BANK ACCOUNTS | CURRENT MONTH | FILING TO DATE | ||||||||||||||||||||||||||||||||||||||
| CNTRL DISB | MONEY MARKET | OPERATING | Laurus Sweep LBs | ADEQUATE ASSURANCE | LAB HC SOLUTIONS | PAYROLL | LOCKBOX #1 | |||||||||||||||||||||||||||||||||
| (WACHOVIA) | (WACHOVIA) | (WACHOVIA) | (WACHOVIA) | (WACHOVIA) | (WACHOVIA) | (WACHOVIA) | (WACHOVIA) | |||||||||||||||||||||||||||||||||
| Account Number | 20799005-64044 | 20000261-35533 | 20900023-74739 | 20000273-16186 | 20000372-57620 | 20799005-64196 | 20900023-74755 | 20200003-81891 | ACTUAL | ACTUAL | ||||||||||||||||||||||||||||||
| CASH BEGINNING OF MONTH (on 10/01/08) | $ | 82,617 | $ | 16,892,879 | $ | 678,144 | $ | — | $ | 90,000 | $ | — | $ | (4,156 | ) | $ | — | $ | 17,739,484 | $ | 380,094 | |||||||||||||||||||
| CASH SALES | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||
| ACCOUNTS RECEIVABLE — COLLECTIONS | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 3,597,412 | ||||||||||||||||||||
| LOANS AND ADVANCES — Laurus | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 2,907,000 | ||||||||||||||||||||||
| SALE OF ASSETS | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 18,297,553 | ||||||||||||||||||||
| INTERCO TO/FROM (LAB) | $ | — | $ | — | $ | 41,760 | ||||||||||||||||||||||||||||||||||
| OTHER | $ | — | $ | 17,209 | $ | 240,921 | $ | — | $ | — | $ | — | $ | — | $ | 261,803 | $ | 519,933 | $ | 558,808 | ||||||||||||||||||||
TRANSFERS (FROM DIP ACCOUNTS) | $ | 1,275,000 | $ | — | $ | 258,342 | $ | — | $ | — | $ | — | $ | 19,742 | $ | 5 | $ | 1,553,089 | $ | 24,554,334 | ||||||||||||||||||||
| TOTAL RECEIPTS | $ | 1,275,000 | $ | 17,209 | $ | 499,263 | $ | — | $ | — | $ | — | $ | 19,742 | $ | 261,808 | $ | 2,073,022 | $ | 49,956,060 | ||||||||||||||||||||
| DISBURSEMENTS | ||||||||||||||||||||||||||||||||||||||||
| NET PAYROLL | — | — | — | — | — | — | — | — | — | 2,402,679 | ||||||||||||||||||||||||||||||
| PAYROLL TAXES | — | — | — | — | — | — | 1,164 | — | 1,164 | 204,709 | ||||||||||||||||||||||||||||||
| 401K RELATED EXPENSES | — | — | — | — | — | — | 14,422 | — | 14,422 | 115,503 | ||||||||||||||||||||||||||||||
| SALES, USE & OTHER TAXES | 624 | — | — | — | — | — | — | — | 624 | 38,709 | ||||||||||||||||||||||||||||||
| DIRECT COST OF SALES | — | — | — | — | — | — | — | — | — | 4,144 | ||||||||||||||||||||||||||||||
| TELECOMM CHARGES (COGS & SG&A) | 329,986 | — | — | — | — | — | — | — | 329,986 | 621,646 | ||||||||||||||||||||||||||||||
| SECURED / RENTAL / LEASES (INCLUDES RENT) | 127,871 | — | — | — | — | — | — | — | 127,871 | 595,632 | ||||||||||||||||||||||||||||||
| COMMERCIAL INSURANCE | 23,807 | — | — | — | — | — | — | — | 23,807 | 96,552 | ||||||||||||||||||||||||||||||
| HEALTH INSURANCE | — | — | — | — | — | — | — | — | — | 206,401 | ||||||||||||||||||||||||||||||
| ADMINISTRATIVE (INCL, R&M, T&E, UTIL, CAPEX) | 7,787 | — | 1,265 | — | — | — | — | — | 9,052 | 213,333 | ||||||||||||||||||||||||||||||
| PARTNER COMMISSIONS (SALES REBATES) | 31,136 | — | — | — | — | — | — | — | 31,136 | 758,828 | ||||||||||||||||||||||||||||||
| 3RD PARTY CONTRACTORS | 141,365 | — | — | — | — | — | — | — | 141,365 | 628,503 | ||||||||||||||||||||||||||||||
| SELLING COMMISSIONS | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
| UTILITY DEPOSITS | — | — | — | — | — | — | — | — | — | 1,460 | ||||||||||||||||||||||||||||||
PAYDOWN SR. LOAN PMT | — | — | — | — | — | — | — | — | — | 2,679,070 | ||||||||||||||||||||||||||||||
| OUTSTANDING CHECKS | — | — | — | — | — | — | — | (518,506 | ) | |||||||||||||||||||||||||||||||
| INTERCO TO/FROM (LAB) | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||
| OTHER | 250,333 | 19 | — | — | — | — | — | 3,466 | 253,818 | 393,443 | ||||||||||||||||||||||||||||||
TRANSFERS (TO DIP ACCOUNTS) | — | 425,000 | 869,747 | — | — | — | — | 258,342 | 1,553,089 | 24,397,859 | ||||||||||||||||||||||||||||||
| PROFESSIONAL FEES | 453,871 | — | — | — | — | — | — | — | 453,871 | 626,238 | ||||||||||||||||||||||||||||||
| U.S. TRUSTEE QUARTERLY FEES | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
| COURT COSTS | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
| TOTAL DISBURSEMENTS | 1,366,781 | 425,019 | 871,011 | — | — | — | 15,586 | 261,808 | 2,940,205 | 33,464,205 | ||||||||||||||||||||||||||||||
| NET CASH FLOW | ||||||||||||||||||||||||||||||||||||||||
| (RECEIPTS LESS DISBURSEMENTS) | $ | (91,781 | ) | $ | (407,810 | ) | $ | (371,748 | ) | $ | — | $ | — | $ | — | $ | 4,156 | $ | — | $ | (867,183 | ) | $ | 16,492,662 | ||||||||||||||||
| PETTY CASH | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 725 | $ | 725 | ||||||||||||||||||||
CASH — END OF MONTH | $ | (9,164 | ) | $ | 16,485,069 | $ | 306,396 | $ | — | $ | 90,000 | $ | — | $ | — | $ | — | $ | 16,873,027 | $ | 16,873,482 | |||||||||||||||||||
| THE FOLLOWING SECTION MUST BE COMPLETED | ||||||||||||||||||||||||||||||||||||||||
| DISBURSEMENTS FOR CALCULATlNG TRUSTEE QUARTLY ARTERLY.FEES (FROM CURRENT MONTH ACTUAL COLUMN) | ||||||||||||||||||||||||||||||||||||||||
| TOTAL DISBURSEMENTS | $ | 2,940,205 | ||||||||||||||||||||||||||||||||||||||
| LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS | $ | (1,553,089 | ) | |||||||||||||||||||||||||||||||||||||
| PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. from escrow accounts) | ||||||||||||||||||||||||||||||||||||||||
| TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES | $ | 1,387,116 | ||||||||||||||||||||||||||||||||||||||
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: 10-01-08 to 10-31-08 |
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.
| Amount | Check | Amount Paid | Year-To-Date | |||||||||||||||||||||||||||||||
| Payee | Period Covered | Approved | Payor | Number | Date | Fees | Expenses | Fees | Expenses | |||||||||||||||||||||||||
| Elliott Greenleaf | Aug-08 | $ | 41,662.03 | Proxymed | Wire | 24-Oct | $ | 40,572.00 | $ | 1,090.03 | $ | 40,572.00 | $ | 1,090.03 | ||||||||||||||||||||
| Epiq Bankruptcy Solution | Jul-08 | $ | 61,172.27 | Proxymed | 37928 | 10-Oct | $ | 61,172.27 | $ | 61,172.27 | ||||||||||||||||||||||||
| Epiq Bankruptcy Solution | Aug-08 | $ | 58,587.88 | Proxymed | 37961 | 23-Oct | $ | 58,587.88 | $ | 119,760.15 | ||||||||||||||||||||||||
| Nachman Hays | Aug-08 | $ | 65,074.70 | Proxymed | Wire | 24-Oct | $ | 64,906.00 | $ | 168.70 | $ | 64,906.00 | $ | 168.70 | ||||||||||||||||||||
| Otterbourg Steindler | Aug-08 | $ | 151,837.62 | Proxymed | Wire | 24-Oct | $ | 149,697.60 | $ | 2,140.02 | $ | 149,697.60 | $ | 2,140.02 | ||||||||||||||||||||
| Phoenix Management | Sep-08 | $ | 67,456.27 | Proxymed | 37914 | 10-Oct | $ | 67,456.27 | $ | 67,456.27 | ||||||||||||||||||||||||
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: 10-01-08 to 10-31-08 |
CASH DISBURSEMENTS JOURNAL
| Month | ||||||||||||
| Vendor Name | Issued | Pmt # | Type Pmt | Pmt Amount | Category | |||||||
| ACCOUNTEMPS | Oct08 | 000037929 | Check | $ | 8,605.30 | CONSUL | ||||||
| ACCRIS | Oct08 | 000037936 | Check | $ | 16,726.39 | OTHER | ||||||
| ADAM KEMP | Oct08 | APACH001276 | ACH | $ | 213.00 | T&E | ||||||
| AICCO, INC. | Oct08 | 000037937 | Check | $ | 11,336.67 | INS | ||||||
| AICCO, INC. | Oct08 | WIRE00000156 | WIRE | $ | 12,470.33 | INS | ||||||
| AIRCOND CORPORATION | Oct08 | 000037856 | Check | $ | 1,188.00 | OTHER | ||||||
| ARGENT SYSTEMS, INC. | Oct08 | 000037889 | Check | $ | 16,015.83 | LEASE | ||||||
| ARNSON, ERIC | Oct08 | 000037968 | Check | $ | 252.19 | T&E | ||||||
| AT & T (ATLANTA BOX 105262) | Oct08 | 000037890 | Check | $ | 10,950.88 | PHONE | ||||||
| AT&T (DALLAS BOX 630047) | Oct08 | 000037857 | Check | $ | 70.12 | PHONE | ||||||
| AT&T (NEWARK, NJ) | Oct08 | 000037891 | Check | $ | 3,592.41 | PHONE | ||||||
| AT&T (PO 5001) | Oct08 | 000037938 | Check | $ | 70.37 | PHONE | ||||||
| AT&T (SACRAMENTO) | Oct08 | 000037892 | Check | $ | 12,337.35 | PHONE | ||||||
| AT&T (SACRAMENTO) | Oct08 | 000037939 | Check | $ | 4,322.10 | PHONE | ||||||
| AT&T LONG DISTANCE SERVICE | Oct08 | 000037893 | Check | $ | 88,499.45 | PHONE | ||||||
| AT&T MOBILITY | Oct08 | 000037894 | Check | $ | 23,029.38 | PHONE | ||||||
| ATHENE WILLIAMS | Oct08 | 000037901 | Check | $ | 81.88 | T&E | ||||||
| AZOUTH, FERNANDO J | Oct08 | APACH001272 | ACH | $ | 93.76 | T&E | ||||||
| BEECHGLEN DEVELOPMENT, INC. | Oct08 | 000037858 | Check | $ | 1,905.00 | OTHER | ||||||
| BLUE CROSS BLUE SHIELD OF MI | Oct08 | 000037859 | Check | $ | 1,580.28 | REBATE | ||||||
| BOWNE OF ATLANTA, INC. | Oct08 | 000037930 | Check | $ | 2,210.00 | OTHER | ||||||
| BOWNE OF ATLANTA, INC. | Oct08 | 000037940 | Check | $ | 17,415.00 | OTHER | ||||||
| BROADSOURCE, INC. | Oct08 | 000037941 | Check | $ | 3,000.00 | CONSUL | ||||||
| CARLYLE, EDWARD ALAN | Oct08 | 000037860 | Check | $ | 3,705.00 | CONSUL | ||||||
| CITIUS IT SOLUTIONS PRIVATE LIMITED | Oct08 | WIRE00000158 | WIRE | $ | 5,263.20 | CONSUL | ||||||
| COMSYS SERVICES LLC | Oct08 | 000037861 | Check | $ | 93,507.50 | CONSUL | ||||||
| COOPERMAN, EO | Oct08 | 000037902 | Check | $ | 1,000.00 | CONSUL | ||||||
| COOTS, RON C. | Oct08 | APACH001273 | ACH | $ | 1,534.99 | T&E | ||||||
| COUNCIL FOR AFFORDABLE QUAL HEALTHCARE | Oct08 | 000037862 | Check | $ | 4,000.00 | OTHER | ||||||
| COWAN, KELLY | Oct08 | APACH001274 | ACH | $ | 76.22 | T&E | ||||||
| CUSUMANO-IBC | Oct08 | 000037903 | Check | $ | 0.01 | T&E | ||||||
| CYNERGY TELECOM, LLC | Oct08 | 000037895 | Check | $ | 1,880.24 | PHONE | ||||||
| DATA SAFE STORAGE | Oct08 | 000037863 | Check | $ | 2,076.38 | OTHER | ||||||
| DATA SAFE STORAGE | Oct08 | 000037842 | Check | $ | 314.67 | OTHER | ||||||
| DATAMATX, INC. | Oct08 | 000037884 | Check | $ | 4,557.26 | OTHER | ||||||
| DATAMATX, INC. | Oct08 | 000037943 | Check | $ | 247.91 | OTHER | ||||||
| DAVIDSON, JOHN | Oct08 | APACH001275 | ACH | $ | 1,860.50 | REBATE | ||||||
| DECKEL & MONEYPENNY EXHIBITS | Oct08 | WIRE00000157 | WIRE | $ | 18,718.00 | OTHER | ||||||
| DHL EXPRESS (USA) INC | Oct08 | 000037944 | Check | $ | 26.54 | OTHER | ||||||
| DuBOSE, LEON II | Oct08 | 000037904 | Check | $ | 4,625.00 | CONSUL | ||||||
| DUKE REALTY, L.P. | Oct08 | 000037905 | Check | $ | 42,061.29 | LEASE | ||||||
| DUKE REALTY, L.P. | Oct08 | 000037962 | Check | $ | 42,061.29 | LEASE | ||||||
| EDS CORPORATION | Oct08 | 000037945 | Check | $ | 340.00 | REBATE | ||||||
| ELLIOTT GREENLEAF | Oct08 | WIRE00000159 | WIRE | $ | 41,662.03 | PROF | ||||||
| EMDEON BUSINESS SERVICES | Oct08 | 000037865 | Check | $ | 13,606.69 | REBATE | ||||||
| EPIQ BANKRUPTCY SOLUTIONS, LLC | Oct08 | 000037928 | Check | $ | 61,172.27 | PROF | ||||||
| EPIQ BANKRUPTCY SOLUTIONS, LLC | Oct08 | 000037961 | Check | $ | 58,587.88 | PROF | ||||||
| EULER HERMES UMA, INC. | Oct08 | 000037969 | Check | $ | 256.50 | PROF | ||||||
| FLANNIGAN, DAVID | Oct08 | 000037946 | Check | $ | 280.00 | CONSUL | ||||||
| FLASTER GREENBERG ATTORNEY AT LAW | Oct08 | 000037970 | Check | $ | 79.80 | PROF | ||||||
| FLORIDA DEPT OF REVENUE | Oct08 | 000037971 | Check | $ | 50.00 | TAX | ||||||
| GLOBAL CROSSING TELECOMMUNICATION | Oct08 | 000037866 | Check | $ | 41,990.66 | PHONE | ||||||
| GLOBE NEWSWIRE | Oct08 | 000037983 | Check | $ | 680.00 | OTHER | ||||||
| GUNTER, BEVERLY | Oct08 | 000037927 | Check | $ | 74.64 | T&E | ||||||
| HALBLEIB CONSULTING, LLC | Oct08 | 000037908 | Check | $ | 840.00 | CONSUL | ||||||
| HALBLEIB CONSULTING, LLC | Oct08 | 000037947 | Check | $ | 24.00 | CONSUL | ||||||
| HAMBY, WILLIAM | Oct08 | 000037907 | Check | $ | 519.75 | T&E | ||||||
| HIGH POINT COMPUTER | Oct08 | 000037867 | Check | $ | 24,800.00 | LEASE | ||||||
| HYLAND, LORIA. | Oct08 | 000037908 | Check | $ | 1,284.21 | OTHER | ||||||
| INXPRESS | Oct08 | 000037909 | Check | $ | 1,084.96 | OTHER | ||||||
| INXPRESS | Oct08 | 000037964 | Check | $ | 117.32 | OTHER | ||||||
| IRON MOUNTAIN OFF-SITE DATA PROTECTION | Oct08 | 000037880 | Check | $ | 835.66 | OTHER | ||||||
| IRON MOUNTAIN OFF-SITE DATA PROTECTION | Oct08 | 000037881 | Check | $ | 1,039.35 | OTHER | ||||||
4
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: 10-01-08 to 10-31-08 |
CASH DISBURSEMENTS JOURNAL
| Month | ||||||||||||
| Vendor Name | Issued | Pmt # | Type Pmt | Pmt Amount | Category | |||||||
| IRON MOUNTAIN OFF-SITE DATA PROTECTION | Oct08 | 000037882 | Check | $ | 461.35 | OTHER | ||||||
| IRON MOUNTAIN OFF-SITE DATA PROTECTION | Oct08 | 000037965 | Check | $ | 96.39 | OTHER | ||||||
| IVANS INC. | Oct08 | 000037896 | Check | $ | 1,988.19 | REBATE | ||||||
| IVANS INC. | Oct08 | 000037910 | Check | $ | 39.52 | REBATE | ||||||
| JOHNSON, ERIC | Oct08 | 000037911 | Check | $ | 27.54 | T&E | ||||||
| KHALIL, ADNANE | Oct08 | APACH001277 | ACH | $ | 79.99 | T&E | ||||||
| LETTERLOGIC | Oct08 | 000037654 | Check | $ | 0.01 | REBATE | ||||||
| LETTERLOGIC | Oct08 | 000037912 | Check | $ | 602.65 | REBATE | ||||||
| LETTERLOGIC | Oct08 | 000037931 | Check | $ | 1,210.54 | REBATE | ||||||
| LIEBERT GLOBAL SERVICES, INC. | Oct08 | 000037868 | Check | $ | 3,298.25 | OTHER | ||||||
| MEDDATA, INC. | Oct08 | 000037883 | Check | $ | 2,086.24 | REBATE | ||||||
| MEDDATA, INC. | Oct08 | 000037948 | Check | $ | 2,093.28 | REBATE | ||||||
| MEDIFAX EDI | Oct08 | 000037884 | Check | $ | 278.96 | REBATE | ||||||
| MEDIFAX EDI | Oct08 | 000037949 | Check | $ | 708.57 | REBATE | ||||||
| NACHMANHAYSBROWNSTEIN | Oct08 | WIRE00000160 | WIRE | $ | 65,074.70 | PROF | ||||||
| NEBRASKA SECRETARY OF STATE | Oct08 | 000037932 | Check | $ | 0.01 | TAX | ||||||
| NEW ENGLAND HEALTHCARE EDI NETWORK, LLC | Oct08 | 000037885 | Check | $ | 4,208.10 | REBATE | ||||||
| NEW YORK STATE SALES TAX | Oct08 | 000037913 | Check | $ | 230.47 | TAX | ||||||
| OHIO DEPARTMENT OF TAXATION | Oct08 | 000037950 | Check | $ | 50.00 | TAX | ||||||
| ORACLE CORPORATION | Oct08 | 000037869 | Check | $ | 150,473.76 | OTHER | ||||||
OTTERBOURG, STEINDLER, HOUSTON,&ROSEN | Oct08 | WIRE00000161 | WIRE | $ | 151,837.82 | PROF | ||||||
| PAETEC | Oct08 | 000037870 | Check | $ | 30,137.58 | PHONE | ||||||
| PASSPORT HEALTH COMMUNICATIONS INC. | Oct08 | 000037871 | Check | $ | 2.20 | REBATE | ||||||
| PHOENIX MANAGEMENT SERVICES, INC. | Oct08 | 000037914 | Check | $ | 67,456.27 | PROF | ||||||
| PHOENIX MANAGEMENT SERVICES, INC. | Oct08 | 000037933 | Check | $ | 931.50 | PROF | ||||||
| PHOENIX MANAGEMENT SERVICES, INC. | Oct08 | 000037951 | Check | $ | 931.50 | PROF | ||||||
| PITNEY BOWES CREDIT CORPORATION | Oct08 | 000037872 | Check | $ | 8.59 | OTHER | ||||||
| PITNEY BOWES CREDIT CORPORATION | Oct08 | 000037873 | Check | $ | 51.62 | OTHER | ||||||
| PITNEY BOWES CREDIT CORPORATION | Oct08 | 000037952 | Check | $ | 116.94 | OTHER | ||||||
| PITNEY BOWES CREDIT CORPORATION | Oct08 | WIRE00000155 | WIRE | $ | 500.00 | OTHER | ||||||
| PORTE ADVERTISING | Oct08 | 000037953 | Check | $ | 14,025.00 | OTHER | ||||||
| PRESIDIO NETWORKED SOLUTIONS, INC. | Oct08 | 000037972 | Check | $ | 2,761.31 | LEASE | ||||||
| PURCHASE POWER | Oct08 | 000037954 | Check | $ | 491.75 | OTHER | ||||||
| QUALITY TECHNOLOGY SVCS METRO LLC | Oct08 | 000037874 | Check | $ | 35,632.52 | PHONE | ||||||
| REGIONAL MEDICAL CENTER | Oct08 | 000037966 | Check | $ | 1,345.75 | OTHER | ||||||
| REGISTRAR AND TRANSFER CO | Oct08 | 000037915 | Check | $ | 381.07 | PROF | ||||||
| ROCCHI, KAREN -PETTY CASH CUSTODIAN | Oct08 | 000037955 | Check | $ | 566.42 | T&E | ||||||
| SANCHEZ, ABDIEL | Oct08 | 000037916 | Check | $ | 339.48 | T&E | ||||||
| SECRETARY OF STATE (CA) | Oct08 | 000037917 | Check | $ | 10.00 | TAX | ||||||
| SHRED-IT LOS ANGELES | Oct08 | 000037875 | Check | $ | 661.60 | OTHER | ||||||
| SHRED-IT LOS ANGELES | Oct08 | 000037873 | Check | $ | 86.60 | OTHER | ||||||
| SONITROL | Oct08 | 000037876 | Check | $ | 1,228.85 | OTHER | ||||||
| SOUTH DAKOTA DEPT. OF REVENUE AND REGULA | Oct08 | 000037956 | Check | $ | 283.92 | TAX | ||||||
| SPEARS, MICHAEL ALESTER | Oct08 | APACH001278 | ACH | $ | 776.46 | T&E | ||||||
| SPRINT (VOICE) | Oct08 | 000037886 | Check | $ | 3,612.99 | PHONE | ||||||
| SPRINT (WIRELESS) | Oct08 | 000037887 | Check | $ | 16,128.36 | PHONE | ||||||
| STAPLES BUSINESS ADVANTAGE | Oct08 | 000037957 | Check | $ | 1,554.54 | OTHER | ||||||
| STUBBS, TERESA | Oct08 | APACH001279 | ACH | $ | 229.51 | T&E | ||||||
| SWEENEY & COMPANY, CPS LLC | Oct08 | 000037934 | Check | $ | 5,500.00 | PROF | ||||||
| SYSTEM DESIGNS INC | Oct08 | 000037897 | Check | $ | 1,064.58 | OTHER | ||||||
| TAC WWORLDWIDE | Oct08 | 000037918 | Check | $ | 4,690.00 | CONSUL | ||||||
| TELE SOURCING, INC. | Oct08 | 000037958 | Check | $ | 6,274.75 | OTHER | ||||||
| TERRY, EUGENE | Oct08 | 000037919 | Check | $ | 3,500.00 | CONSUL | ||||||
| TEXAS COMPTROLLER OF PUBLIC ACCOUNTS | Oct08 | 000037920 | Check | $ | 2,865.19 | TAX | ||||||
| THOMPSON, ALTON BRIAN | Oct08 | 000037921 | Check | $ | 390.00 | CONSUL | ||||||
| TWIN PROFESSIONAL SERVICES, INC. | Oct08 | 000037959 | Check | $ | 550.71 | REBATE | ||||||
| UCN | Oct08 | 000037922 | Check | $ | 8,592.73 | PHONE | ||||||
| UNITED HEALTHCARE INSURANCE CO. | Oct08 | 000037923 | Check | $ | 0.01 | HEALTH | ||||||
| VACO ATLANTA LLC | Oct08 | 000037924 | Check | $ | 11,934.90 | CONSUL | ||||||
| VERIZON (PITTSBURGH BOX 371322) | Oct08 | 000037898 | Check | $ | 44,255.56 | PHONE | ||||||
| VERIZON (PITTSBURGH BOX 371355) | Oct08 | 000037888 | Check | $ | 390.50 | PHONE | ||||||
| VERIZON (PITTSBURGH BOX 371392) | Oct08 | 000037899 | Check | $ | 4,492.32 | PHONE | ||||||
| WEBSITEPULSE | Oct08 | 000037877 | Check | $ | 173.71 | OTHER | ||||||
5
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: 10-01-08 to 10-31-08 |
CASH DISBURSEMENTS JOURNAL
| Month | ||||||||||||
| Vendor Name | Issued | Pmt # | Type Pmt | Pmt Amount | Category | |||||||
| WEDI (WORKGROUP FOR ELECTRONIC DATA INTE | Oct08 | 000037878 | Check | $ | 5,000.00 | OTHER | ||||||
| WELLS FARGO FINANCIAL LEASING | Oct08 | 000037925 | Check | $ | 171.04 | LEASE | ||||||
| WILMINGTON TRUST COMPANY | Oct08 | 000037855 | Check | $ | 5,000.00 | OTHER | ||||||
| WONNUM, CONSUELA | Oct08 | APACH001280 | ACH | $ | 56.34 | T&E | ||||||
| YOSEMITE WATERS | Oct08 | 000037879 | Check | $ | 1,247.95 | OTHER | ||||||
| Z-S PRESCRIPTION PLAN | Oct08 | 000037926 | Check | $ | 314.93 | OTHER | ||||||
| Z-S PRESCRIPTION PLAN | Oct08 | 000037935 | Check | $ | 42.50 | OTHER | ||||||
| Z-S PRESCRIPTION PLAN | Oct08 | 000037960 | Check | $ | 157.89 | OTHER | ||||||
| Z-S PRESCRIPTION PLAN | Oct08 | 000037967 | Check | $ | 60.00 | OTHER | ||||||
| $ | 1,384,621.49 | |||||||||||
6
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: 10-01-08 to 10-31-08 |
STATEMENT OF OPERATIONS
(Income Statement)
(Income Statement)
| 10/1/2008– | Cumulative | |||||||
| 10/31/2008 | Filing to Date | |||||||
| Gross Revenue | $ | 7,189 | $ | 5,698,178 | ||||
| Revenue Adjustments | 0 | (95,529 | ) | |||||
Net Revenue | 7,189 | 5,602,649 | ||||||
| Direct Cost of Sales | 12,549 | $ | 86,580 | |||||
| Telecomm Charges | (2,550 | ) | $ | 187,673 | ||||
| Partner Commissions | 0 | $ | 416,362 | |||||
| Labor and Overhend | 0 | $ | 0 | |||||
| Other | 0 | 0 | ||||||
Cost of Sales | 9,999 | 690,615 | ||||||
Gross Profit | (2,810 | ) | 4,912,034 | |||||
Operating Expenses | ||||||||
| Payroll and Related Costs | ||||||||
| Payroll | (814 | ) | $ | 1,440,014 | ||||
| Overtime | 0 | $ | 30,991 | |||||
| PTO Compensation Adjustment | 0 | $ | 48,072 | |||||
| Payroll Taxes | 0 | $ | 782,167 | |||||
| Payroll Related Insurance | (21,599 | ) | $ | 135,417 | ||||
| Other Employee Benefits | 0 | $ | 679 | |||||
| Payroll Admin Costs | 1,262 | $ | (13,570 | ) | ||||
| Corporate Allocation | 0 | $ | 523 | |||||
| Outside Programmers/Contractors | 204 | $ | 154,152 | |||||
| Capitalized Payroll/Contractors | 0 | $ | (57,985 | ) | ||||
| Temporary and Outside Labor | 4,752 | $ | 30,919 | |||||
| Recruiting and Relocation | 0 | $ | 1,485 | |||||
| Commissions | 0 | $ | 223,031 | |||||
| Travel, Meals and Entertainment | 1,516 | $ | 43,402 | |||||
| Advertising and Promotion | 0 | $ | 670 | |||||
| Exhibitions and Shows | 0 | $ | 2,888 | |||||
| Rent | 43,972 | $ | 243,767 | |||||
| Equipment Rental/Leases | 117 | $ | 7,070 | |||||
| Utilities | 1,067 | $ | 7,389 | |||||
| Telecommunications | 253 | $ | 159,808 | |||||
| Repairs and Maintenance | 0 | $ | 140,231 | |||||
| Non-Capitalized Assets | 0 | $ | 16,065 | |||||
| Insurance — General | 17,730 | $ | 89,790 | |||||
| Insurance — D&O | 7,671 | $ | 25,240 | |||||
| General Office Expenses | 1,090 | $ | 23,059 | |||||
| Dues & Subscriptions | 0 | $ | 11,175 | |||||
| Licenses & Miscellaneous Fees | 1,283 | $ | 32,292 | |||||
| Postage & Overnight Delivery | 2,407 | $ | 9,782 | |||||
| Accounting | 0 | $ | 68,666 | |||||
| Legal | 336 | $ | 728,008 | |||||
| Consulting | 70,164 | $ | 418,665 | |||||
| Stockholders’ Expenses | (500 | ) | $ | 47,058 | ||||
| Investor Relations | 680 | $ | 2,245 | |||||
| Property & Other Taxes | (70 | ) | $ | 29,309 | ||||
| Miscellaneous G&A Expenses | 16,869 | $ | 31,948 | |||||
| Other Income/Expense | 0 | (591,977 | ) | |||||
Total Operating Expenses | 148,395 | 4,322,445 | ||||||
| Depreciation | 0 | 337,678 | ||||||
| Amortization | 0 | 272,536 | ||||||
Net Profit (Loss) Before Other Income/Expenses | (151,205 | ) | (20,624 | ) | ||||
Other Income and Expenses | ||||||||
| Other (Income)/Expense (attach schedules) | 0 | 0 | ||||||
| Interest (Income)/Expense, Net | 32,397 | 548,036 | ||||||
Net Profit (Loss) Before Reorganization Items | (183,602 | ) | (568,660 | ) | ||||
| Professional Fees | 246,194 | 3,005,994 | ||||||
| US Trustee Quarterly Fees | 0 | |||||||
| Interest earned on Accum cash from Chapter 11 | ||||||||
| (see continuation sheet) | 0 | |||||||
| (Gain)/Loss on Sale of Assets | 0 | 0 | ||||||
| Gain/Loss on Sale of Disc Ops | (108,063 | ) | (15,080,992 | ) | ||||
| Other Reorg Expenses (attach schedule) | 0 | 0 | ||||||
Total Reorg Expenses | 138,131 | (12,074,998 | ) | |||||
| Income Tax | 0 | 0 | ||||||
Net Income/(Loss) | $ | (321,733 | ) | $ | 11,506,337 | |||
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: 10-01-08 to 10-31-08 |
BALANCE SHEET
| As of | ||||||||||
| As of | 7/23/2008 | |||||||||
| 10/31/2008 | Petition Date | |||||||||
| Cash and Cash Equivalents | 16,783,479 | 380,094 | ||||||||
| Restricted Cash (Adequate Assurance Deposit Account | 90,000 | 0 | ||||||||
| Accounts Receivable, Net | 0 | 2,585,910 | ||||||||
| Note and Other Receivables | 14,922 | 15,518 | ||||||||
| Inventory | 0 | 0 | ||||||||
| Prepaid Expenses | 399,717 | 921,026 | ||||||||
| Professional Retainers | 0 | 296,404 | ||||||||
| Other Current Assets | 0 | 1,263 | ||||||||
Total Current Assets | 17,288,113 | 4,200,215 | ||||||||
| Property and Equipment | ||||||||||
| Machinery and Equipment | 0 | 13,973,222 | ||||||||
| Furniture Fixtures and Office Equipment | 0 | 431,389 | ||||||||
| Leasehold Improvments | 0 | 489,701 | ||||||||
| Less: Accumulated Depreciation | 0 | -12,239,736 | ||||||||
| Property and Equipment, Net | 0 | 2,654,576 | ||||||||
| Goodwill, Net | 0 | 3,693,828 | ||||||||
Purch.&Cop. Software&Tech. Costs, net | 0 | 1,273,032 | ||||||||
| Other Assets | 511,937 | 527,277 | ||||||||
Total Assets | 17,800,055 | 12,348,928 | ||||||||
| Post-Petition Liabilities: | ||||||||||
| Secured Debt (Laurus) | 0 | 0 | ||||||||
| Professional Fees | 3,024,046 | |||||||||
| Unsecured Debt | 0 | 0 | ||||||||
| Current Capital Leases Payable | 0 | 0 | ||||||||
| Current Deferred Revenue | 0 | 0 | ||||||||
| Accounts Payable | 396,909 | 0 | ||||||||
| Taxes Payable | 0 | 0 | ||||||||
| Wages Payable | 0 | 0 | ||||||||
| Commissions Payable | 0 | 0 | ||||||||
| Partner Commissions Payable | 0 | 0 | ||||||||
| Other Accrued Expenses | 0 | 0 | ||||||||
| Other Current Liabilities | 0 | 0 | ||||||||
Total Current Post-Petition Liabilities | 3,420,956 | 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) | 0 | 5,079,287 | ||||||||
| Unsecured Debt | 13,137,000 | 13,299,203 | ||||||||
| Current Capital Leases Payable | 0 | 349,534 | ||||||||
| Current Deferred Revenue | 0 | 118,955 | Revenue Realized-Non Cash Adjustment | |||||||
| Accounts Payable | 2,170,977 | 2,763,972 | ||||||||
| Taxes Payable | 0 | 0 | ||||||||
| Wages Payable | 0 | 1,117,225 | Wage Motion | |||||||
| Commissions Payable | 0 | 180,182 | Wage Motion | |||||||
| Partner Commissions Payable | 0 | 252,550 | Cure Payments | |||||||
| Other Accrued Expenses | 529,049 | 674,353 | Adjustment to Payroll Accrual-Non Cash Adjustment | |||||||
| Other Current Liabilities | 516,681 | 845,877 | ||||||||
Total Petition Date Liabilities | 16,353,707 | 24,681,138 | ||||||||
Petition Date Long-Term Liabilities | ||||||||||
| Long-Term Capital Lease Payable | 0 | 1,052,067 | ||||||||
| Long-Term Def Rev and Other Long-Term Liabilities | 377,982 | 409,631 | ||||||||
Total Liabilities | 20,152,645 | 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 | 0 | 65,019 | ||||||||
| Retained Earnings (Deficit) Pre Petition | -259,671,731 | -259,671,731 | ||||||||
| Retained Earnings (Deficit) Post Petition | 11,506,337 | 0 | ||||||||
Total Stockholder’s Equity | -2,352,589 | -13,793,908 | ||||||||
Total Liabilities and Stockholders’ Equity | 17,800,055 | 12,348,928 | ||||||||
| (0 | ) | |||||||||
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: 10-01-08 to 10-31-08 |
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 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||
| FICA-Employee | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||
| FICA-Employer | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||
| Unemployment | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||
| Income (same as Withholding) | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||
| Other: | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||
Total Federal Taxes | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||
| State and Local | ||||||||||||||||||||||
| Withholding | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||
| Sales | 10,325.21 | 0.00 | 3,489.59 | 30-Oct | CK#37971, 37913, 37950, 37917, 37956, 37920 | 6,835.62 | ||||||||||||||||
| Excise | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||
| Unemployment | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||
| Real Property | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||
| Personal Property | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||
| Other Employee SDI Tax | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||
| Local Taxes | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||
| Total State and Local | 10,325.21 | 0.00 | 3,489.59 | 6,835.62 | ||||||||||||||||||
Total Taxes | 10,325.21 | 0.00 | 3,489.59 | 6,835.62 | ||||||||||||||||||
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 | 40,915 | 296,265 | 59,729 | |||||||||||||||||||||
| Wages Payable | 0 | |||||||||||||||||||||||
| Taxes Payable | 0 | |||||||||||||||||||||||
| Rent/Leases-Building | ||||||||||||||||||||||||
| Rent/Leases-Equipment | 0 | |||||||||||||||||||||||
| Secured Debt/Adequate Protection Payments | 0 | |||||||||||||||||||||||
| Professional Fees | 3,024,046 | |||||||||||||||||||||||
| Amounts Due to Insiders* | ||||||||||||||||||||||||
| Commissions Payable | 0 | |||||||||||||||||||||||
| Partner Commissions Payable | 0 | |||||||||||||||||||||||
| Other | 0 | |||||||||||||||||||||||
| Total Postpetition Debts | 3,064,962 | 296,265 | 59,729 | |||||||||||||||||||||
Explain how and when the Debtor intends to pay any past-due postpetition debts. Invoices being reviewed and payments will be made upon confirmation and verification
| * | “Insider” is defined in 11 U.S.C. Section 101(31). |
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: 10-01-08 to 10-31-08 |
POSTPETITION ACCOUNTS PAYABLE
| AUGUST | |||||||||||||||||||
| ELECTRONIC NETWORK SYSTEMS, INC. (ENS) | VCH00032398 | -56,309.49 | 7/25/2008 | 8/6/2008 | CM123967 | ||||||||||||||
| ELECTRONIC NETWORK SYSTEMS, INC. (ENS) | VCH00032695 | 573.45 | 7/31/2008 | 8/19/2008 | JULY 08 CHAN REB | ||||||||||||||
| ELECTRONIC NETWORK SYSTEMS, INC. (ENS) | VCH00032819 | 34,891.95 | 7/31/2008 | 8/19/2008 | JULY 08 REBATES | ||||||||||||||
| EXECUTIVE PROPERTIES | VCH00032849 | 12,938.94 | 9/1/2008 | 8/20/2008 | SEPT 08 RENT | ||||||||||||||
| FIRST INDUSTRIAL, L.P. | VCH00032846 | 5,256.76 | 9/1/2008 | 8/20/2008 | SEPT 08 RENT | ||||||||||||||
| HYLAND SOFTWARE | VCH00032937 | 5,091.10 | 7/15/2008 | 8/26/2008 | 9204 | ||||||||||||||
| IQ STRATEGIES, LLC | VCH00032754 | 41.91 | 7/31/2008 | 8/19/2008 | JULY 08 REBATES | ||||||||||||||
| KEY ELECTRONICS | VCH00032880 | 24,935.00 | 9/1/2008 | 8/21/2008 | POSTRENT SEPT 08 | ||||||||||||||
| MCKESSON INFORMATION SOLUTIONS | VCH00032586 | 2.76 | 8/5/2008 | 8/13/2008 | POST 7001263061 | ||||||||||||||
| MCKESSON INFORMATION SOLUTIONS | VCH00032765 | 17,737.42 | 7/31/2008 | 8/19/2008 | JULY 08 REBATES | ||||||||||||||
| PER-SE TRANSACTION SERVICES INC. | VCH00032824 | 2,542.00 | 7/31/2008 | 8/19/2008 | JULY 08 REBATES | ||||||||||||||
| PRACTICE INSIGHT LLC | VCH00032702 | 14.46 | 7/31/2008 | 8/19/2008 | JULY 08 CHAN REB | ||||||||||||||
| PRACTICE INSIGHT LLC | VCH00032825 | 4,260.64 | 7/31/2008 | 8/19/2008 | JULY 08 REBATES | ||||||||||||||
| QUEST DIAGNOSTICS INC. | VCH00032809 | 2,757.20 | 7/31/2008 | 8/19/2008 | JULY 08 REBATES | ||||||||||||||
| QUEST DIAGNOSTICS INC. | VCH00032932 | 4,115.93 | 8/18/2008 | 8/26/2008 | POST CHKREQ81808 | ||||||||||||||
| RAN SERVICES INC | VCH00032797 | 50.91 | 7/31/2008 | 8/19/2008 | JULY 08 REBATES | ||||||||||||||
| TWIN PROFESSIONAL SERVICES, INC. | VCH00032930 | 550.71 | 7/31/2008 | 8/26/2008 | MAR06-JUL08 REBA | ||||||||||||||
| VANTAGEMED CORP. | VCH00032465 | -71.40 | 8/7/2008 | 8/7/2008 | CM-1 | ||||||||||||||
| VERIZON WIRELESS | VCH00032384 | 104.20 | 8/1/3903 | 8/6/2008 | 0371609506 | ||||||||||||||
| XIFIN INC — USE PAY00831 | VCH00032707 | 1.86 | 7/31/2008 | 8/19/2008 | JULY 08 CHAN REB | ||||||||||||||
| XIFIN INC — USE PAY00831 | VCH00032807 | 242.88 | 7/30/2008 | 8/19/2008 | JULY 08 REBATES | ||||||||||||||
AUGUST TOTAL | 59,729.19 | ||||||||||||||||||
| SEPTEMBER | |||||||||||||||||||
| AHMAD ISMAIL, MD | VCH00033472 | 3.74 | 9/12/2008 | 9/22/2008 | POST REFUND91208 | ||||||||||||||
| ALLSCRIPTS | VCH00033429 | 29.95 | 9/16/2008 | 9/17/2008 | POST REFUND91608 | ||||||||||||||
| ELECTRONIC NETWORK SYSTEMS, INC. (ENS) | VCH00033204 | 126.50 | 8/31/2008 | 9/11/2008 | AUG 08 CHAN REBA | ||||||||||||||
| ELECTRONIC NETWORK SYSTEMS, INC. (ENS) | VCH00033228 | 34,603.05 | 8/31/2008 | 9/11/2008 | AUGUST 08 REBATE | ||||||||||||||
| ELECTRONIC NETWORK SYSTEMS, INC. (ENS) | VCH00033391 | 39,022.62 | 8/31/2008 | 9/16/2008 | POST 9747761-IN | ||||||||||||||
| ELECTRONIC NETWORK SYSTEMS, INC. (ENS) | VCH00033392 | 38,335.78 | 7/31/2008 | 9/16/2008 | 9738094-IN | ||||||||||||||
| ELECTRONIC NETWORK SYSTEMS, INC. (ENS) | VCH00033393 | 35,183.96 | 6/30/2008 | 9/16/2008 | 9728063-IN | ||||||||||||||
| ELECTRONIC NETWORK SYSTEMS, INC. (ENS) | VCH00033401 | -74,660.33 | 9/12/2008 | 9/16/2008 | CM 146489 | ||||||||||||||
| EXECUTIVE PROPERTIES | VCH00033390 | 12,938.94 | 9/16/2008 | 9/16/2008 | OCTOBER 08 RENT | ||||||||||||||
| FIRST INDUSTRIAL, L.P. | VCH00033388 | 5,256.76 | 9/16/2008 | 9/16/2008 | OCTOBER 08 RENT | ||||||||||||||
FLORIDA POWER&LIGHT COMPANY | VCH00033511 | 170.60 | 9/16/2008 | 9/30/2008 | POST313802030908 | ||||||||||||||
| FLORIDA POWER & LIGHT COMPANY | VCH00033512 | 32.77 | 9/16/2008 | 9/30/2008 | POST69192040908 | ||||||||||||||
| FLORIDA POWER & LIGHT COMPANY | VCH00033513 | 347.28 | 9/16/2008 | 9/30/2008 | POST48882010908 | ||||||||||||||
| HEALTH AND HUMAN SERVICES COMMISSION | VCH00033185 | 10.88 | 8/6/2008 | 9/10/2008 | POST 080608 | ||||||||||||||
| MCKESSON INFORMATION SOLUTIONS | VCH00033294 | 17,722.60 | 8/31/2008 | 9/11/2008 | AUGUST 08 REBATE | ||||||||||||||
| MCKESSON INFORMATION SOLUTIONS | VCH00033419 | 5.98 | 9/5/2008 | 9/16/2008 | POST 7001275392 | ||||||||||||||
| MCKESSON INFORMATION SOLUTIONS | VCH00033516 | 589.77 | 9/15/2008 | 9/30/2008 | POST 7001280270 | ||||||||||||||
| MEDDATA, INC. | VCH00033448 | 2,093.28 | 8/31/2008 | 9/22/2008 | POST 48852 | ||||||||||||||
| PER-SE TRANSACTION SERVICES INC. | VCH00033233 | 2,861.00 | 8/31/2008 | 9/11/2008 | AUGUST 08 REBATE | ||||||||||||||
| PRACTICE INSIGHT LLC | VCH00033040 | -1,714.03 | 9/2/2008 | 9/3/2008 | PSOT CM0018045 | ||||||||||||||
| PRACTICE INSIGHT LLC | VCH00033041 | -4,275.10 | 9/2/2008 | 9/3/2008 | CM2018044 | ||||||||||||||
| PRACTICE INSIGHT LLC | VCH00033213 | 12.18 | 8/31/2008 | 9/11/2008 | AUG 08 CHAN REBA | ||||||||||||||
| PRACTICE INSIGHT LLC | VCH00033234 | 3,987.40 | 8/31/2008 | 9/11/2008 | AUGUST 08 REBATE | ||||||||||||||
| PRESIDIO NETWORKED SOLUTIONS, INC. | VCH00033154 | 93,280.00 | 10/1/2008 | 9/10/2008 | 1182942 | ||||||||||||||
| QUEST DIAGNOSTICS INC. | VCH00033114 | -4,115.92 | 8/18/2008 | 9/5/2008 | POSTCHKREQ81808 | ||||||||||||||
| QUEST DIAGNOSTICS INC. | VCH00033115 | 4,115.93 | 8/18/2008 | 9/5/2008 | POST CKREQ81808 | ||||||||||||||
| QUEST DIAGNOSTICS INC. | VCH00033116 | -18,554.00 | 12/30/3906 | 9/5/2008 | JUL-DEC07 REB OV | ||||||||||||||
| QUEST DIAGNOSTICS INC. | VCH00033117 | -14,853.90 | 6/30/2008 | 9/5/2008 | JAN-JUN08 RE OVR | ||||||||||||||
| QUEST DIAGNOSTICS INC. | VCH00033219 | 2,468.02 | 8/31/2008 | 9/11/2008 | AUGUST 08 REBATE | ||||||||||||||
| RAN SERVICES INC | VCH00033326 | 51.33 | 8/31/2008 | 9/11/2008 | AUGUST 08 REBATE | ||||||||||||||
| SSI GROUP, INC., THE | VCH00033396 | 160.51 | 8/30/2008 | 9/16/2008 | 121820 | ||||||||||||||
| STOCKWELL, HARRIS, ET AL. | VCH00033426 | 752.50 | 7/31/2008 | 9/17/2008 | POST 219228 | ||||||||||||||
| UNITED HEALTHCARE INSURANCE CO. | VCH00033363 | 109,839.41 | 9/9/2008 | 9/15/2008 | POST 0014651407 | ||||||||||||||
| UNITED HEALTHCARE INSURANCE CO. | VCH00033364 | 10,184.11 | 9/9/2008 | 9/15/2008 | POST 0014651490 | ||||||||||||||
| XIFIN INC — USE PAY00831 | VCH00033217 | 1.05 | 8/31/2008 | 9/11/2008 | AUG 08 CHAN REBA | ||||||||||||||
| XIFIN INC — USE PAY00831 | VCH00033337 | 250.62 | 8/31/2008 | 9/11/2008 | AUGUST 08 REBATE | ||||||||||||||
SEPTEMBER TOTAL | 296,265.24 | ||||||||||||||||||
| OCTOBER | |||||||||||||||||||
| ARGENT SYSTEMS | VCH00033635 | 1,500.00 | 10/21/2008 | 11/20/2008 | 102108 FINALCURE | ||||||||||||||
| DONOVAN HATEM LLP | VCH00033592 | 410.60 | 9/30/2008 | 11/14/2008 | PRE 9707 | ||||||||||||||
| ELECTRONIC NETWORK SYSTEMS, INC. (ENS) | VCH00033608 | 19,579.75 | 9/30/2008 | 9/30/2008 | 9757375-IN | ||||||||||||||
| EXECUTIVE PROPERTIES | VCH00033582 | 12,938.94 | 10/16/2008 | 10/16/2008 | NOVEMBER 08 RENT | ||||||||||||||
| FIRST INDUSTRIAL LP | VCH00033583 | 5,256.76 | 10/16/2008 | 10/16/2008 | NOVEMBER 08 RENT | ||||||||||||||
| FLORIDA POWER & LIGHT | VCH00033615 | 175.79 | 10/6/2008 | 10/6/2008 | 3454888201OCT08 | ||||||||||||||
| FLORIDA POWER & LIGHT | VCH00033616 | 20.13 | 10/6/2008 | 10/6/2008 | 67969192041008 | ||||||||||||||
| FOLEY & LARDNER | VCH00033627 | 1,500.00 | 10/21/2008 | 10/21/2008 | 102108 FINALCURE | ||||||||||||||
| FOLEY & LARDNER | VCH00033636 | -1,499.99 | 10/21/2008 | 10/21/2008 | C102108FINALCURE | ||||||||||||||
| MCKESSON INFORMATION SYSTEMS | VCH00033609 | 435.76 | 9/29/2008 | 10/29/2008 | 7001283041 | ||||||||||||||
| MCKESSON INFORMATION SYSTEMS | VCH00033631 | 190.53 | 9/29/2008 | 10/29/2008 | 7001283042 | ||||||||||||||
| MCKESSON INFORMATION SYSTEMS | VCH00033642 | 3.23 | 10/15/2008 | 11/14/2008 | 7001292108 | ||||||||||||||
| MCKESSON INFORMATION SYSTEMS | VCH00033644 | 315.52 | 10/15/2008 | 11/14/2008 | 7001293401 | ||||||||||||||
| SSI GROUP | VCH00033610 | 87.74 | 9/30/2008 | 9/30/2008 | 122583 | ||||||||||||||
OCTOBER TOTAL | 40,914.76 | ||||||||||||||||||
| Grand Total | 396,909.19 | ||||||||||||||||||
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: 10-01-08 to 10-31-08 |
ACCOUNTS RECEIVABLE RECONCILIATION AND AGING
| Accounts Receivable Reconciliation | Amount | |||
| Total Accounts Receivable at the beginning of the reporting period | $ | 0 | ||
| + Amounts billed during the period | 0 | |||
| – Amounts collected during the period | 0 | |||
| – Accounts Receivable Sold at closing | 0 | |||
| Total Accounts Receivable at the end of the reporting period | $ | 0 | ||
| Accounts Receivable Aging | Amount | |||
| 0 – 30 days old | $ | 0 | ||
| 31 – 60 days old | 0 | |||
| 61 – 90 days old | 0 | |||
| 91 + days old | 0 | |||
| Total Accounts Receivable | 0 | |||
| Amount considered uncollectible (Bad Debt) | 0 | |||
| Accounts Receivable (Net) | $ | 0 | ||
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. | Yes | ||||
| 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. | Yes | ||||
On August 13, 2008 debtor opened an Adequate Assurance Deposit Account in the amount of $90,000. No other deposits or withdrawals have occurred in this account since. Copies of August bank reconciliation and bank statement are attached in section MOR-1a of this monthly operating report.
On September 17th Significantly all of the assets were sold to MHC-Acquisition Corp. through a Section 363 Auction of the US Bankruptcy Code.