Exhibit 99.4
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
SUMMARY OF CASH RECIEPTS AND CASH DISBURSEMENTS
For the Month Ending: November 30, 2001
BEGINNING BALANCE IN ALL ACCOUNTS $ 3,399,652.55
Add/(Subtract): Correction of reconciliation errors $ 7,463.47
---------------
Adjusted Beginning Balance in All Accounts $ 3,407,116.02
RECEIPTS:
1. Receipts from Operations $ 254,354.61
2. Other Receipts $ 366,100.00
---------------
TOTAL RECEIPTS $ 620,454.61
DISBURSEMENTS
3. Net Payroll
a. Officers $ --
b. Others $ --
4. Taxes
a. Federal Income Taxes $ --
b. FICA Withholdings $ --
c. Employee's withholdings $ --
d. Employer's FICA $ --
e. Federal Unemployment Taxes $ --
f. State Income Tax $ --
g. State Employee withholdings $ --
h. All other state taxes
5. Necessary Expenses
a. Rent or mortgage payment(s) (Paid by Parent or Affiliate) $ 85,364.79
b. Utilities $ --
c. Insurance $ --
d. Merchandise bought for manufacture or sell $ --
e. Other necessary expenses
Refund of deposit on equipment sale $ 100,000.00
Computer Access/Hosting Services (Paid by Parent or Affiliate) $ 8,625.00
Commissions on Equipment Sales (Paid by Parent or Affiliate) $ 32,500.00
---------------
TOTAL DISBURSEMENTS $ 226,489.79
Less: Disbursements paid by Parent/Affiliate $ (126,489.79)
---------------
ADJUSTED DISBURSEMENTS $ 100,000.00
NET RECEIPTS (DISBURSEMENTS) FOR THE CURRENT PERIOD $ 520,454.61
NET INTERCOMPANY SWEEP TRANSFERS - WAXS $ 317,500.00
---------------
ENDING BALANCE IN Citibank $ 8,432.90
ENDING BALANCE IN BofA-Atlanta GA $ 2,862,031.55
ENDING BALANCE IN BofA-Dallas TX $ 1,374,606.18
---------------
ENDING BALANCE IN ALL ACCOUNTS $ 4,245,070.63
===============
OPERATING REPORT Page 1
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
RECEIPTS LISTING
For the Month Ending: November 30, 2001
Bank: Bank of America
Location: Atlanta, GA
Account Name: BofA-Atlanta GA
Account Number: 329979536
DATE RECEIVED DESCRIPTION AMOUNT
------------- ----------- ------
Receipts from Operations:
11/19/01 Payments from customers 52,197.18
11/26/01 Payments from customers 39,507.80
11/27/01 Interactive Media 755.91
------------
$ 92,460.89
============
Other Receipts:
11/08/01 Sale of NY Switch $ 120,000.00
11/16/01 Sale of NJ Switch 35,000.00
11/27/01 Sale of NJ Switch 140,000.00
11/30/01 Sale of Equipment 70,400.00
------------
$ 365,400.00
============
Transfers from World Access, Inc.
11/08/01 Nytel (Equipment sale deposit received by WAXS in October) 100,000.00
11/08/01 Sale of NY Switch (deposit received by WAXS in October) $ 30,000.00
11/16/01 Sale of Facilicom Italy Subsidiary (received by WAXS in October) 187,500.00
------------
$ 317,500.00
============
OPERATING REPORT Page 2
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
RECEIPTS LISTING
For the Month Ending: November 30, 2001
Bank: Bank of America
Location: Dallas, TX
Account Name: BofA-Dallas, TX
Account Number: 3751469007
DATE RECEIVED DESCRIPTION AMOUNT
------------- ----------- ------
Receipts from Operations:
11/26/01 Bellsouth $ 126,893.72
11/30/01 Customer payment 35,000.00
------------
$ 161,893.72
============
Other Receipts:
11/09/01 Asset sales $ 550.00
11/30/01 Asset sales 150.00
------------
$ 700.00
============
OPERATING REPORT Page 3
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
DISBURSEMENT LISTING
For the Month Ending: October 31, 2001
Bank: Bank of America
Location: Dallas, TX
Account Name:
Account Number: 3751469007
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT
- -------------- ------------ ----------- ------
11/29/01 Wire Nytel (Refund deposit on asset sale) 100,000.00
-------------
Total $ 100,000.00
=============
OPERATING REPORT Page 4
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
For the Month Ending: November 30, 2001
STATEMENT OF INVENTORY
Beginning Inventory $ --
Add: purchases $ --
Less: goods sold $ --
----
Ending inventory $ --
====
PAYROLL INFORMATION STATEMENT
Gross payroll for this period $ --
Payroll taxes due but unpaid $ --
STATUS OF PAYMENTS TO SECURED CREDITORS AND LESSORS
DATE REGULAR AMOUNT OF NUMBER OF AMOUNT OF
NAME OF CREDITOR/LESSOR PAYMENT IS DUE REGULAR PAYMENT PAYMENTS DELINQUENT PAYMENTS DELINQUENT
- ----------------------- -------------- ---------------- -------------------- -------------------
TMR, Inc Monthly $ 40,174.00 0 $ --
New World Tower Partners Monthly $ 12,651.40 0 $ --
Quinby Building Inc Monthly $ 10,087.82 2 $ 20,175.64
111 Eight Ave, LLC Monthly $ 42,485.59 0 $ --
Descalso Howard Monthly $ 8,585.00 0 $ --
One Wilshire Arcade Monthly $ 7,938.44 1 $ 7,938.44
Hatfield Philips Monthly $ 5,371.63 0 $ --
OPERATING REPORT Page 5
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
For the Month Ending: November 30, 2001
STATEMENT OF AGED RECEIVABLES
ACCOUNTS RECEIVABLE 3RD PARTY INTERCOMPANY TOTAL
---------------- -------------- ----------------
Beginning of month balance $ 105,173,808.97 $ 7,332,676.24 $ 112,506,485.21
Add: sales on account $ -- $ -- $ --
Less: customer credits $ (148,512.87) $ -- $ (148,512.87)
Add: intercompany activity $ -- $ (317,500.00) $ (317,500.00)
Less: collections $ (254,354.61) $ -- $ (254,354.61)
Less: offsets $ -- $ -- $ --
Less: application of customer deposits $ -- $ --
---------------- -------------- ----------------
End of month balance $ 104,770,941.49 $ 7,015,176.24 $ 111,786,117.73
================ ============== ================
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
- --------- ---------- ---------- ------------ ------------------
$ -- $ -- $ -- $ 104,770,941.49 $ 104,770,941.49
STATEMENT OF ACCOUNTS PAYABLE (POST-PETITION)
3RD PARTY INTERCOMPANY TOTAL
-------------- -------------- ---------------
Beginning of month balance $ 5,528,045.86 $ 4,389,518.93 $ 9,917,564.79
Add: sales on account** $ 126,489.79 $ -- $ 126,489.79
Add: intercompany activity
Expenses paid directly by Parent or Affiliate $ (126,489.79) $ 126,489.79 $ --
Net cash advanced by Parent or Affiliate $ -- $ -- $ --
Credit extended by Parent or Affiliate $ -- $ -- $ --
Amounts collected on behalf of Affiliate $ -- $ -- $ --
Less: payments $ -- $ -- $ --
-------------- -------------- ---------------
End of month balance $ 5,528,045.86 $ 4,516,008.72 $ 10,044,054.58
============== ============== ===============
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
- --------- ---------- ---------- ------------ ------------------
$ -- $ 18,026.26 $ 10,087.82 $ 5,499,931.78 $ 5,528,045.86
** The post-petition accounts payable balances accrued for above are
subject to customary audit and review, which could result in changes to
the balances recorded. If upon such audit and review amounts invoiced
by vendors are disputed, such disputed amounts are not reflected in the
accounts payable balances reflected above. As of November 30, the
Debtor has been invoiced cumulative post-petition disputed amounts
totalling $2,663,816.
OPERATING REPORT Page 6
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
For the Month Ending: November 30, 2001
TAX QUESTIONNAIRE
Debtors in possession and trustees are required to pay all taxes
incurred after the filing of their Chapter 11 petition on an as due basis.
Please indicate whether the following post petition taxes or withholdings have
been paid currently.
1. Federal income taxes Yes (X) No ( )
2. FICA withholdings Yes (X) No ( )
3. Employee's withholdings Yes (X) No ( )
4. Employer's FICA Yes (X) No ( )
5. Federal unemployment taxes Yes (X) No ( )
6. State income tax Yes (X) No ( )
7. State employee withholdings Yes (X) No ( )
8. All other state taxes See Note Below
If any of the above have not been paid, state below the tax not paid,
the amounts past due and the date of the last payment.
Note to Item 8:
The Debtor may have personal property subject to tax in various
jurisdictions throughout the United States. No expense has been accrued or paid
for any such potential post-petition claims.
OPERATING REPORT Page 7
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
DECLARATION UNDER PENALTY OF PERJURY
I, Henry C. Lyon, acting as the duly authorized agent for the Debtor in
Possession declare under penalty of perjury under the laws of the United States
that I have read and I certify that the figures, statements, disbursement
itemizations, and account balances as listed in this Monthly Report of the
Debtor are true and correct as of the date of this report to the best of my
knowledge, information and belief.
/s/ Henry C. Lyon
----------------------------------------
For the Debtor In Possession
Henry C. Lyon
Designated Officer
OPERATING REPORT Page 8
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
SUMMARY OF CASH RECIEPTS AND CASH DISBURSEMENTS
For the Month Ending: December 31, 2001
BEGINNING BALANCE IN ALL ACCOUNTS $ 4,245,070.63
RECEIPTS:
1. Receipts from Operations $ 829,859.14
2. Other Receipts $ 556,744.76
---------------
TOTAL RECEIPTS $ 1,386,603.90
DISBURSEMENTS
3. Net Payroll
a. Officers $ --
b. Others $ --
4. Taxes
a. Federal Income Taxes $ --
b. FICA Withholdings $ --
c. Employee's withholdings $ --
d. Employer's FICA $ --
e. Federal Unemployment Taxes $ --
f. State Income Tax $ --
g. State Employee withholdings $ --
h. All other state taxes
5. Necessary Expenses (Paid by Parent or Affiliate)
a. Rent or mortgage payment(s) $ --
b. Utilities $ --
c. Insurance $ --
d. Merchandise bought for manufacture or sell $ --
e. Other necessary expenses
Commissions on Equipment Sales $ 67,200.00
Computer Access/Hosting Services $ 43,250.00
---------------
TOTAL DISBURSEMENTS $ 110,450.00
Less: Disbursements paid by Parent/Affiliate $ (110,450.00)
Add: Disbursements made on behalf of Affiliate
---------------
ADJUSTED DISBURSEMENTS $ --
NET RECEIPTS (DISBURSEMENTS) FOR THE CURRENT PERIOD $ 1,386,603.90
NET INTERCOMPANY SWEEP TRANSFERS - WATG
---------------
ENDING BALANCE IN Citibank $ 8,432.90
ENDING BALANCE IN BofA-Atlanta GA $ 4,184,624.52
ENDING BALANCE IN BofA-Dallas TX $ 1,438,617.11
---------------
ENDING BALANCE IN ALL ACCOUNTS $ 5,631,674.53
===============
OPERATING REPORT Page 1
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
RECEIPTS LISTING
For the Month Ending: December 31, 2001
Bank: Bank of America
Location: Atlanta, GA
Account Name: BofA-Atlanta GA
Account Number: 329979536
DATE RECEIVED DESCRIPTION AMOUNT
------------- ----------- ------
Receipts from Operations:
12/6/2001 Netone International $ 1,000.00
12/6/2001 Radiant Telecom 125,000.00
12/28/2001 Carrier 1 International 640,088.16
------------
$ 766,088.16
============
Other Receipts:
12/28/01 Telpro (Equipment sale) $ 100,000.00
12/12/2001 Allegiance Telecom (Equipment sale) 50,000.00
12/28/2001 Allegiance Telecom (Equipment sale) 164,904.81
12/28/2001 Telmar (Equipment sale) 241,600.00
------------
$ 556,504.81
============
OPERATING REPORT Page 2
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
RECEIPTS LISTING
For the Month Ending: December 31, 2001
Bank: Bank of America
Location: Dallas, TX
Account Name: BofA-Dallas, TX
Account Number: 3751469007
DATE RECEIVED DESCRIPTION AMOUNT
------------- ----------- ------
Receipts from Operations:
12/17/01 Ionosphere $ 18,770.98
12/31/01 Unilink $ 45,000.00
-----------
$ 63,770.98
===========
Other Receipts:
12/17/01 SBC $ 239.95
-----------
$ 239.95
===========
OPERATING REPORT Page 3
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
For the Month Ending: December 31, 2001
STATEMENT OF INVENTORY
Beginning Inventory $ --
Add: purchases $ --
Less: goods sold $ --
----
Ending inventory $ --
====
PAYROLL INFORMATION STATEMENT
Gross payroll for this period $ --
Payroll taxes due but unpaid $ --
STATUS OF PAYMENTS TO SECURED CREDITORS AND LESSORS
DATE REGULAR AMOUNT OF NUMBER OF AMOUNT OF
NAME OF CREDITOR/LESSOR PAYMENT IS DUE REGULAR PAYMENT PAYMENTS DELINQUENT PAYMENTS DELINQUENT
- ----------------------- -------------- ---------------- -------------------- -------------------
TMR, Inc Monthly $ 40,174.00 0 $ --
New World Tower Partners Monthly $ 12,651.40 0 $ --
Quinby Building Inc Monthly $ 10,087.82 2 $ 20,175.64
111 Eight Ave, LLC Monthly $ 42,485.59 0 $ --
Descalso Howard Monthly $ 8,585.00 0 $ --
One Wilshire Arcade Monthly $ 7,938.44 1 $ 7,938.44
Hatfield Philips Monthly $ 5,371.63 0 $ --
OPERATING REPORT Page 4
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
For the Month Ending: December 31, 2001
STATEMENT OF AGED RECEIVABLES
ACCOUNTS RECEIVABLE 3RD PARTY INTERCOMPANY TOTAL
---------------- -------------- ----------------
Beginning of month balance $ 104,770,941.49 $ 7,015,176.24 $ 111,786,117.73
Add: sales on account $ -- $ -- $ --
Add: customer credits $ -- $ -- $ --
Add: intercompany activity $ -- $ -- $ --
Less: collections $ (829,859.14) $ -- $ (829,859.14)
Less: offsets $ -- $ -- $ --
Less: application of customer deposits $ -- $ -- $ --
---------------- -------------- ----------------
End of month balance $ 103,941,082.35 $ 7,015,176.24 $ 110,956,258.59
================ ============== ================
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
- --------- ---------- ---------- ------------ ------------------
$ -- $ -- $ -- $ 103,941,082.35 $ 103,941,082.35
STATEMENT OF ACCOUNTS PAYABLE (POST-PETITION)
3RD PARTY INTERCOMPANY TOTAL
-------------- -------------- ---------------
Beginning of month balance $ 5,528,045.86 $ 4,516,008.72 $ 10,044,054.58
Add: sales on account** $ 110,450.00 $ -- $ 110,450.00
Add: intercompany activity
Expenses paid directly by Parent or Affiliate $ (110,450.00) $ 110,450.00 $ --
Net cash advanced by Parent or Affiliate $ -- $ -- $ --
Credit extended by Parent or Affiliate $ -- $ -- $ --
Amounts collected on behalf of Affiliate $ -- $ -- $ --
Less: payments $ -- $ -- $ --
-------------- -------------- ---------------
End of month balance $ 5,528,045.86 $ 4,626,458.72 $ 10,154,504.58
=============================================================
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
- --------- ---------- ---------- ------------ ------------------
$ -- $ -- $ 18,026.26 $ 5,510,019.60 $ 5,528,045.86
** The post-petition accounts payable balances accrued for above are
subject to customary audit and review, which could result in changes to
the balances recorded. If upon such audit and review amounts invoiced
by vendors are disputed, such disputed amounts are not reflected in the
accounts payable balances reflected above. As of December 31, the
Debtor has been invoiced cumulative post-petition disputed amounts
totalling $2,663,816.
OPERATING REPORT Page 5
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
For the Month Ending: December 31, 2001
TAX QUESTIONNAIRE
Debtors in possession and trustees are required to pay all taxes
incurred after the filing of their Chapter 11 petition on an as due basis.
Please indicate whether the following post petition taxes or withholdings have
been paid currently.
1. Federal income taxes Yes (X) No ( )
2. FICA withholdings Yes (X) No ( )
3. Employee's withholdings Yes (X) No ( )
4. Employer's FICA Yes (X) No ( )
5. Federal unemployment taxes Yes (X) No ( )
6. State income tax Yes (X) No ( )
7. State employee withholdings Yes (X) No ( )
8. All other state taxes See Note Below
If any of the above have not been paid, state below the tax not paid,
the amounts past due and the date of the last payment.
Note to Item 8:
The Debtor may have personal property subject to tax in various jurisdictions
throughout the United States. No expense has been accrued or paid for any such
potential post-petition claims.
OPERATING REPORT Page 6
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
DECLARATION UNDER PENALTY OF PERJURY
I, Henry C. Lyon, acting as the duly authorized agent for the Debtor in
Possession declare under penalty of perjury under the laws of the United States
that I have read and I certify that the figures, statements, disbursement
itemizations, and account balances as listed in this Monthly Report of the
Debtor are true and correct as of the date of this report to the best of my
knowledge, information and belief.
/s/ Henry C. Lyon
----------------------------------------
For the Debtor In Possession
Henry C. Lyon
Designated Officer
OPERATING REPORT Page 7