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: October 31, 2002
BEGINNING BALANCE IN ALL ACCOUNTS $ 7,516,979.64
RECEIPTS:
1. Receipts from Operations $ 4,140.86
2. Other Receipts $ -
Other Receipts (Received by Parent or Affiliate) $ -
---------------
TOTAL RECEIPTS $ 4,140.86
Less: Receipts received by Parent or Affiliate $ -
---------------
ADJUSTED RECEIPTS $ 4,140.86
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
Expenses associated with equipment sales $ -
Commissions on accounts receivable collections $ 300.00
Computer Access/Hosting Services $ 48,625.00
---------------
TOTAL DISBURSEMENTS $ 48,925.00
Less: Disbursements paid by Parent/Affiliate $ (48,625.00)
---------------
ADJUSTED DISBURSEMENTS $ 300.00
NET RECEIPTS (DISBURSEMENTS) FOR THE CURRENT PERIOD $ 3,840.86
NET INTERCOMPANY SWEEP TRANSFERS - WAXS $ -
---------------
ENDING BALANCE IN Citibank $ 8,432.90
ENDING BALANCE IN BofA-Atlanta GA $ 5,943,650.80
ENDING BALANCE IN BofA-Dallas TX $ 1,568,736.80
---------------
ENDING BALANCE IN ALL ACCOUNTS $ 7,520,820.50
===============
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: October 31, 2002
Bank: Bank of America
Location: Atlanta, GA
Account Name: BofA-Atlanta GA
Account Number: 329979536
DATE RECEIVED DESCRIPTION AMOUNT
- ------------------------ ---------------------- -----------
Receipts from Operations:
10/4/2002 AM Telecom $ 2,140.86
10/22/2002 Net One Communications 2,000.00
-----------
$ 4,140.86
===========
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
For the Month Ending: October 31, 2002
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 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: October 31, 2002
STATEMENT OF AGED RECEIVABLES
3RD PARTY* INTERCOMPANY TOTAL
---------------- -------------- ----------------
ACCOUNTS RECEIVABLE
Beginning of month balance $ 101,233,960.61 $ 7,015,176.24 $ 108,249,136.85
Add: sales on account $ - $ - $ -
Less: customer credits $ (6,603.97) $ - $ (6,603.97)
Less: collections $ (4,140.86) $ - $ (4,140.86)
Less: offsets $ - $ - $ -
Less: application of customer deposits $ - $ - $ -
---------------- -------------- ----------------
End of month balance $ 101,223,215.78 $ 7,015,176.24 $ 108,238,392.02
================ ============== ================
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
- --------- ---------- ---------- ---------------- ------------------
$ - $ - $ - $ 101,223,215.78 $ 101,223,215.78
STATEMENT OF ACCOUNTS PAYABLE (POST-PETITION)
3RD PARTY* INTERCOMPANY TOTAL
---------------- -------------- ----------------
Beginning of month balance $ 5,528,060.86 $ 4,851,976.60 $ 10,380,037.46
Add: sales on account** $ 48,925.00 $ - $ 48,925.00
Add: intercompany activity
Expenses paid directly by Parent or Affiliate $ (48,625.00) $ 48,625.00 $ -
Net cash advanced by Parent or Affiliate $ - $ - $ -
Credit extended by Parent or Affiliate $ - $ - $ -
Amounts collected on behalf of Affiliate $ - $ - $ -
Less: payments $ (300.00) $ - $ (300.00)
---------------- -------------- ----------------
End of month balance $ 5,528,060.86 $ 4,900,601.60 $ 10,428,662.46
================ ============== ================
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
- --------- ---------- ---------- ---------------- ------------------
$ - $ - $ - $ 5,528,060.86 $ 5,528,060.86
* Accounts receivable balances represent gross amounts due from former
customers. The vast majority of these balances are either being pursued via
collection litigation or are claims against the former customers' bankruptcy
estates. Thus, it is highly likely that a significant amount of the gross
accounts receivable will not be collected.
** 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 the report date, the Debtor has been invoiced
cumulative post-petition disputed amounts totalling $2,663,816.
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: October 31, 2002
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 5
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.
_______________________________________
For the Debtor In Possession
Henry C. Lyon
Designated Officer
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
SUMMARY OF CASH RECIEPTS AND CASH DISBURSEMENTS
For the Month Ending: November 30, 2002
BEGINNING BALANCE IN ALL ACCOUNTS $ 7,520,820.50
RECEIPTS:
1. Receipts from Operations $ 8,779.55
2. Other Receipts $ 575.85
Other Receipts (Received by Parent or Affiliate) $ -
--------------
TOTAL RECEIPTS $ 9,355.40
Less: Receipts received by Parent or Affiliate $ -
--------------
ADJUSTED RECEIPTS $ 9,355.40
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
Expenses associated with equipment sales $ -
Commissions on accounts receivable collections $ -
Computer Access/Hosting Services $ 8,625.00
--------------
TOTAL DISBURSEMENTS $ 8,625.00
Less: Disbursements paid by Parent/Affiliate $ (8,625.00)
---------------
ADJUSTED DISBURSEMENTS $ -
NET RECEIPTS (DISBURSEMENTS) FOR THE CURRENT PERIOD $ 9,355.40
NET INTERCOMPANY SWEEP TRANSFERS - WAXS $ -
--------------
ENDING BALANCE IN Citibank $ 8,432.90
ENDING BALANCE IN BofA-Atlanta GA $ 5,953,006.20
ENDING BALANCE IN BofA-Dallas TX $ 1,568,736.80
--------------
ENDING BALANCE IN ALL ACCOUNTS $ 7,530,175.90
==============
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, 2002
Bank: Bank of America
Location: Atlanta, GA
Account Name: BofA-Atlanta GA
Account Number: 329979536
DATE RECEIVED DESCRIPTION AMOUNT
- ------------------------- ------------------- ----------
Receipts from Operations:
11/18/2002 Interactive Media $ 755.91
11/18/2002 Interactive Media 755.91
11/18/2002 Interactive Media 755.91
11/18/2002 Interactive Media 755.91
11/18/2002 Interactive Media 755.91
11/18/2002 DTI Communications 5,000.00
----------
$ 8,779.55
==========
Other Receipts:
11/18/2002 U.S. Treasury $ 63.54
11/18/2002 State of California 512.31
----------
$ 575.85
==========
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
For the Month Ending: November 30, 2002
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 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: November 30, 2002
STATEMENT OF AGED RECEIVABLES
ACCOUNTS RECEIVABLE 3RD PARTY* INTERCOMPANY TOTAL
---------------- -------------- -----------------
Beginning of month balance $ 101,223,215.78 $ 7,015,176.24 $ 108,238,392.02
Add: sales on account $ - $ - $ -
Less: customer credits $ (165,787.81) $ - $ (165,787.81)
Less: collections $ (8,779.55) $ - $ (8,779.55)
Less: offsets $ - $ - $ -
Less: application of customer deposits $ - $ - $ -
---------------- -------------- -----------------
End of month balance $ 101,048,648.42 $ 7,015,176.24 $ 108,063,824.66
================ ============== =================
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
- --------- ---------- ---------- ---------------- ------------------
$ - $ - $ - $ 101,048,648.42 $ 101,048,648.42
STATEMENT OF ACCOUNTS PAYABLE (POST-PETITION)
3RD PARTY* INTERCOMPANY TOTAL
---------------- -------------- -----------------
Beginning of month balance $ 5,528,060.86 $ 4,900,601.60 $ 10,428,662.46
Add: sales on account** $ 8,625.00 $ - $ 8,625.00
Add: intercompany activity
Expenses paid directly by Parent or Affiliate $ (8,625.00) $ 8,625.00 $ -
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 $ 5,528,060.86 $ 4,909,226.60 $ 10,437,287.46
================ ============== =================
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
- --------- ---------- ---------- ---------------- ------------------
$ - $ - $ - $ 5,528,060.86 $ 5,528,060.86
* Accounts receivable balances represent gross amounts due from former
customers. The vast majority of these balances are either being pursued via
collection litigation or are claims against the former customers' bankruptcy
estates. Thus, it is highly likely that a significant amount of the gross
accounts receivable will not be collected.
** 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 the report date, the Debtor has been invoiced
cumulative post-petition disputed amounts totalling $2,663,816.
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, 2002
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 5
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.
----------------------------------------
For the Debtor In Possession
Henry C. Lyon
Designated Officer
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
SUMMARY OF CASH RECIEPTS AND CASH DISBURSEMENTS
For the Month Ending: December 31, 2002
BEGINNING BALANCE IN ALL ACCOUNTS $ 7,530,175.50
RECEIPTS:
1. Receipts from Operations $ 31,267.73
2. Other Receipts $ -
Other Receipts (Received by Parent or Affiliate) $ -
--------------
TOTAL RECEIPTS $ 31,267.73
Less: Receipts received by Parent or Affiliate $ -
--------------
ADJUSTED RECEIPTS $ 31,267.73
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
Expenses associated with equipment sales $ -
Commissions on accounts receivable collections $ 600.00
Computer Access/Hosting Services $ 9,425.00
--------------
TOTAL DISBURSEMENTS $ 10,025.00
Less: Disbursements paid by Parent/Affiliate $ (9,425.00)
---------------
ADJUSTED DISBURSEMENTS $ 600.00
NET RECEIPTS (DISBURSEMENTS) FOR THE CURRENT PERIOD $ 30,667.73
NET INTERCOMPANY SWEEP TRANSFERS - WAXS $ -
--------------
ENDING BALANCE IN Citibank $ 8,432.90
ENDING BALANCE IN BofA-Atlanta GA $ 5,983,673.93
ENDING BALANCE IN BofA-Dallas TX $ 1,568,736.80
--------------
ENDING BALANCE IN ALL ACCOUNTS $ 7,560,843.63
==============
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: December 31, 2002
Bank: Bank of America
Location: Atlanta, GA
Account Name: BofA-Atlanta GA
Account Number: 329979536
DATE RECEIVED DESCRIPTION AMOUNT
- ------------------------- --------------------- ----------
Receipts from Operations:
12/3/2002 Interactive Media $ 755.91
12/3/2002 Interactive Media $ 755.91
12/3/2002 DTI Communications 5,000.00
12/3/2002 Latcom 15,000.00
12/31/2002 Interactive Media 755.91
12/31/2002 Netone Communications 2,000.00
12/31/2002 Netone Communications 2,000.00
12/31/2002 DTI Communications 5,000.00
-----------
$ 31,267.73
===========
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
For the Month Ending: December 31, 2002
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 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, 2002
STATEMENT OF AGED RECEIVABLES
ACCOUNTS RECEIVABLE 3RD PARTY* INTERCOMPANY TOTAL
---------------- -------------- -----------------
Beginning of month balance $ 101,048,648.42 $ 7,015,176.24 $ 108,063,824.66
Add: sales on account $ - $ - $ -
Less: customer credits $ - $ - $ -
Less: collections $ (31,267.73) $ - $ (31,267.73)
Less: offsets $ - $ - $ -
Less: application of customer deposits $ - $ - $ -
---------------- -------------- -----------------
End of month balance $ 101,017,380.69 $ 7,015,176.24 $ 108,032,556.93
================ ============== =================
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
- --------- ---------- ---------- ---------------- ------------------
$ - $ - $ - $ 101,017,380.69 $ 101,017,380.69
STATEMENT OF ACCOUNTS PAYABLE (POST-PETITION)
3RD PARTY* INTERCOMPANY TOTAL
---------------- -------------- -----------------
Beginning of month balance $ 5,528,060.86 $ 4,909,226.60 $ 10,437,287.46
Add: sales on account** $ 10,025.00 $ - $ 10,025.00
Add: intercompany activity
Expenses paid directly by Parent or Affiliate $ (9,425.00) $ 9,425.00 $ -
Net cash advanced by Parent or Affiliate $ - $ - $ -
Credit extended by Parent or Affiliate $ - $ - $ -
Amounts collected on behalf of Affiliate $ - $ - $ -
Less: payments $ 600.00 $ - $ (600.00)
---------------- -------------- -----------------
End of month balance $ 5,528,060.86 $ 4,918,651.60 $ 10,446,712.46
================ ============== =================
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
- --------- ---------- ---------- ---------------- ------------------
$ - $ - $ - $ 5,528,060.86 $ 5,528,060.86
* Accounts receivable balances represent gross amounts due from former
customers. The vast majority of these balances are either being pursued via
collection litigation or are claims against the former customers' bankruptcy
estates. Thus, it is highly likely that a significant amount of the gross
accounts receivable will not be collected.
** 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 the report date, the Debtor has been invoiced
cumulative post-petition disputed amounts totalling $2,663,816.
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, 2002
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 5
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.
----------------------------------------
For the Debtor In Possession
Henry C. Lyon
Designated Officer
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
SUMMARY OF CASH RECIEPTS AND CASH DISBURSEMENTS
For the Month Ending: January 31, 2003
BEGINNING BALANCE IN ALL ACCOUNTS $ 7,560,843.63
RECEIPTS:
1. Receipts from Operations $ 2,755.91
2. Other Receipts $ -
Other Receipts (Received by Parent or Affiliate) $ -
--------------
TOTAL RECEIPTS $ 2,755.91
Less: Receipts received by Parent or Affiliate $ -
--------------
ADJUSTED RECEIPTS $ 2,755.91
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
Expenses associated with equipment sales $ -
Commissions on accounts receivable collections $ 300.00
Computer Access/Hosting Services $ 23,239.14
--------------
TOTAL DISBURSEMENTS $ 23,539.14
Less: Disbursements paid by Parent/Affiliate $ (23,239.14)
--------------
ADJUSTED DISBURSEMENTS $ 300.00
NET RECEIPTS (DISBURSEMENTS) FOR THE CURRENT PERIOD $ 2,455.91
NET INTERCOMPANY SWEEP TRANSFERS - WAXS $ -
--------------
ENDING BALANCE IN Citibank $ 8,432.90
ENDING BALANCE IN BofA-Atlanta GA $ 5,986,129.84
ENDING BALANCE IN BofA-Dallas TX $ 1,568,736.80
--------------
ENDING BALANCE IN ALL ACCOUNTS $ 7,563,299.54
==============
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: January 31, 2003
Bank: Bank of America
Location: Atlanta, GA
Account Name: BofA-Atlanta GA
Account Number: 329979536
DATE RECEIVED DESCRIPTION AMOUNT
- ------------- ----------- ------
Receipts from Operations:
1/15/2003 Interactive Media 755.91
1/15/2003 Netone Communications 2,000.00
---------
$2,755.91
=========
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
For the Month Ending: January 31, 2003
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 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: January 31, 2003
STATEMENT OF AGED RECEIVABLES
3RD PARTY* INTERCOMPANY TOTAL
---------- ------------ -----
ACCOUNTS RECEIVABLE
Beginning of month balance $ 101,017,380.69 $ 7,015,176.24 $ 108,032,556.93
Add: sales on account $ - $ - $ -
Less: customer credits $ (45,995.86) $ - $ (45,995.86)
Less: collections $ (2,755.91) $ - $ (2,755.91)
Less: offsets $ - $ - $ -
Less: application of customer deposits $ - $ - $ -
---------------- -------------- ----------------
End of month balance $ 100,968,628.92 $ 7,015,176.24 $ 107,983,805.16
================ ============== ================
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
- --------- ---------- ---------- ------------ ------------------
$ - $ - $ - $ 100,968,628.92 $ 100,968,628.92
STATEMENT OF ACCOUNTS PAYABLE (POST-PETITION)
3RD PARTY INTERCOMPANY TOTAL
---------------- -------------- ----------------
Beginning of month balance $5,528,060.86 $ 4,918,651.60 $ 10,446,712.46
Add: sales on account** $ 23,539.14 $ - $ 23,539.14
Add: intercompany activity
Expenses paid directly by Parent or Affiliate $ (23,239.14) $ 23,239.14 $ -
Net cash advanced by Parent or Affiliate $ - $ - $ -
Credit extended by Parent or Affiliate $ - $ - $ -
Amounts collected on behalf of Affiliate $ - $ - $ -
Less: payments $ (300.00) $ - $ (300.00)
------------- -------------- ----------------
End of month balance $5,528,060.86 $ 4,941,890.74 $ 10,469,951.60
============= ============== ================
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
- --------- ---------- ---------- ------------ ------------------
$ - $ - $ - $ 5,528,060.86 $ 5,528,060.86
*Accounts receivable balances represent gross amounts due from former customers.
The vast majority of these balances are either being pursued via collection
litigation or are claims against the former customers' bankruptcy estates.
Thus, it is highly likely that a significant amount of the gross accounts
receivable will not be collected.
**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 the report date, the Debtor has been invoiced
cumulative post-petition disputed amounts totalling $2,663,816.
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: January 31, 2003
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 5
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.
______________________________
For the Debtor In Possession
Henry C. Lyon
Designated Officer
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
SUMMARY OF CASH RECIEPTS AND CASH DISBURSEMENTS
For the Month Ending: February 28, 2003
BEGINNING BALANCE IN ALL ACCOUNTS $ 7,563,299.54
RECEIPTS:
1. Receipts from Operations $ 5,000.00
2. Other Receipts $ -
Other Receipts (Received by Parent or Affiliate) $ -
--------------
TOTAL RECEIPTS $ 5,000.00
Less: Receipts received by Parent or Affiliate $ -
--------------
ADJUSTED RECEIPTS $ 5,000.00
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
Expenses associated with equipment sales $ -
Commissions on accounts receivable collections $ -
Computer Access/Hosting Services $ 18,625.00
--------------
TOTAL DISBURSEMENTS $ 18,625.00
Less: Disbursements paid by Parent/Affiliate $ (18,625.00)
--------------
ADJUSTED DISBURSEMENTS $ -
NET RECEIPTS (DISBURSEMENTS) FOR THE CURRENT PERIOD $ 5,000.00
NET INTERCOMPANY SWEEP TRANSFERS - WAXS $ -
--------------
ENDING BALANCE IN Citibank $ 8,432.90
ENDING BALANCE IN BofA-Atlanta GA $ 5,991,129.84
ENDING BALANCE IN BofA-Dallas TX $ 1,568,736.80
--------------
ENDING BALANCE IN ALL ACCOUNTS $ 7,568,299.54
==============
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: February 28, 2003
Bank: Bank of America
Location: Atlanta, GA
Account Name: BofA-Atlanta GA
Account Number: 329979536
DATE RECEIVED DESCRIPTION AMOUNT
------------- ----------- ------
Receipts from Operations:
2/12/2003 DTI Communications 5,000.00
----------
$ 5,000.00
==========
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
For the Month Ending: February 28, 2003
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 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: February 28, 2003
STATEMENT OF AGED RECEIVABLES
3RD PARTY* INTERCOMPANY TOTAL
---------- ------------ -----
ACCOUNTS RECEIVABLE
Beginning of month balance $ 100,968,628.92 $ 7,015,176.24 $ 107,983,805.16
Add: sales on account $ - $ - $ -
Less: customer credits $ - $ - $ -
Less: collections $ (5,000.00) $ - $ (5,000.00)
Less: offsets $ - $ - $ -
Less: application of customer deposits $ - $ - $ -
---------------- -------------- ----------------
End of month balance $ 100,963,628.92 $ 7,015,176.24 $ 107,978,805.16
================ ============== ================
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
- --------- ---------- ---------- ------------ ------------------
$ - $ - $ - $ 100,963,628.92 $ 100,963,628.92
STATEMENT OF ACCOUNTS PAYABLE (POST-PETITION)
3RD PARTY INTERCOMPANY TOTAL
--------- ------------ -----
Beginning of month balance $ 5,528,060.86 $ 4,941,890.74 $ 10,469,951.60
Add: sales on account** $ 18,625.00 $ - $ 18,625.00
Add: intercompany activity
Expenses paid directly by Parent or Affiliate $ (18,625.00) $ 18,625.00 $ -
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 $ 5,528,060.86 $ 4,960,515.74 $ 10,488,576.60
============== ============== ===============
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
- --------- ---------- ---------- ------------ ------------------
$ - $ - $ - $ 5,528,060.86 $ 5,528,060.86
*Accounts receivable balances represent gross amounts due from former customers.
The vast majority of these balances are either being pursued via collection
litigation or are claims against the former customers' bankruptcy estates.
Thus, it is highly likely that a significant amount of the gross accounts
receivable will not be collected.
**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 the report date, the Debtor has been invoiced
cumulative post-petition disputed amounts totalling $2,663,816.
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: February 28, 2003
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 5
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.
________________________________
For the Debtor In Possession
Henry C. Lyon
Designated Officer
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
SUMMARY OF CASH RECIEPTS AND CASH DISBURSEMENTS
For the Month Ending: March 31, 2003
BEGINNING BALANCE IN ALL ACCOUNTS $ 7,568,299.54
RECEIPTS:
1. Receipts from Operations $ 21,650.36
2. Other Receipts $ 29,660.65
Other Receipts (Received by Parent or Affiliate) $ -
--------------
TOTAL RECEIPTS $ 51,311.01
Less: Receipts received by Parent or Affiliate $ -
--------------
ADJUSTED RECEIPTS $ 51,311.01
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
U.S. Trustee Fee $ 250.00
Commissions on accounts receivable collections $ 658.91
Computer Access/Hosting Services $ 8,625.00
--------------
TOTAL DISBURSEMENTS $ 9,533.91
Less: Disbursements paid by Parent/Affiliate $ (8,875.00)
--------------
ADJUSTED DISBURSEMENTS $ 658.91
NET RECEIPTS (DISBURSEMENTS) FOR THE CURRENT PERIOD $ 50,652.10
NET INTERCOMPANY SWEEP TRANSFERS - WAXS $ -
--------------
ENDING BALANCE IN Citibank $ 8,432.90
ENDING BALANCE IN BofA-Atlanta GA $ 6,041,781.94
ENDING BALANCE IN BofA-Dallas TX $ 1,568,736.80
--------------
ENDING BALANCE IN ALL ACCOUNTS $ 7,618,951.64
==============
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: March 31, 2003
Bank: Bank of America
Location: Atlanta, GA
Account Name: BofA-Atlanta GA
Account Number: 329979536
DATE RECEIVED DESCRIPTION AMOUNT
------------- ----------- ------
Receipts from Operations:
3/6/2003 Interactive Media 755.91
3/6/2003 Netone Communications 2,000.00
3/6/2003 Tawakaltel 2,500.00
3/6/2003 DTI Communications 5,000.00
3/6/2003 ITC 5,745.75
3/27/2003 Interactive Media 755.91
3/27/2003 Netone Communications 2,392.79
3/27/2003 Tawakaltel 2,500.00
-----------
$ 21,650.36
===========
Other Receipts:
3/6/2003 U.S. Treasury Department 108.47
3/12/2003 Pacific Gas & Electric 29,552.18
-----------
$ 29,660.65
===========
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
For the Month Ending: March 31, 2003
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 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: March 31, 2003
STATEMENT OF AGED RECEIVABLES
3RD PARTY* INTERCOMPANY TOTAL
---------- ------------ -----
ACCOUNTS RECEIVABLE
Beginning of month balance $ 100,963,628.92 $ 7,015,176.24 $ 107,978,805.16
Add: sales on account $ - $ - $ -
Less: customer credits $ - $ - $ -
Less: collections $ (21,650.36) $ - $ (21,650.36)
Less: offsets $ - $ - $ -
Less: application of customer deposits $ - $ - $ -
---------------- -------------- ----------------
End of month balance $ 100,941,978.56 $ 7,015,176.24 $ 107,957,154.80
================ ============== ================
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
- --------- ---------- ---------- ------------ ------------------
$ - $ - $ - $ 100,941,978.56 $ 100,941,978.56
STATEMENT OF ACCOUNTS PAYABLE (POST-PETITION)
3RD PARTY INTERCOMPANY TOTAL
--------- ------------ -----
Beginning of month balance $ 5,528,060.86 $ 4,960,515.74 $ 10,488,576.60
Add: sales on account** $ 9,533.91 $ - $ 9,533.91
Add: intercompany activity
Expenses paid directly by Parent or Affiliate $ (8,875.00) $ 8,875.00 $ -
Net cash advanced by Parent or Affiliate $ - $ - $ -
Credit extended by Parent or Affiliate $ - $ - $ -
Amounts collected on behalf of Affiliate $ - $ - $ -
Less: payments $ (658.91) $ - $ (658.91)
-------------- -------------- ---------------
End of month balance $ 5,528,060.86 $ 4,969,390.74 $ 10,497,451.60
============== ============== ===============
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
- --------- ---------- ---------- ------------ ------------------
$ - $ - $ - $ 5,528,060.86 $ 5,528,060.86
*Accounts receivable balances represent gross amounts due from former
customers. The vast majority of these balances are either being pursued via
collection litigation or are claims against the former customers' bankruptcy
estates. Thus, it is highly likely that a significant amount of the gross
accounts receivable will not be collected.
**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 the report date, the Debtor has been invoiced
cumulative post-petition disputed amounts totalling $2,663,816.
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: March 31, 2003
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 5
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.
________________________________
For the Debtor In Possession
Henry C. Lyon
Designated Officer
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
SUMMARY OF CASH RECEIPTS AND CASH DISBURSEMENTS
For the Month Ending: April 30, 2003
BEGINNING BALANCE IN ALL ACCOUNTS $ 7,618,951.64
RECEIPTS:
1. Receipts from Operations $ -
2. Other Receipts $ 71,576.84
Other Receipts (Received by Parent or Affiliate) $ -
---------------
TOTAL RECEIPTS $ 71,576.84
Less: Receipts received by Parent or Affiliate $ -
---------------
ADJUSTED RECEIPTS $ 71,576.84
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
Professional fees $ 1,500.00
Computer Access/Hosting Services $ 27,685.78
---------------
TOTAL DISBURSEMENTS $ 29,185.78
Less: Disbursements paid by Parent/Affiliate $ (29,185.78)
---------------
ADJUSTED DISBURSEMENTS $ -
NET RECEIPTS (DISBURSEMENTS) FOR THE CURRENT PERIOD $ 71,576.84
NET INTERCOMPANY SWEEP TRANSFERS - WAXS $ -
---------------
ENDING BALANCE IN Citibank $ 8,432.90
ENDING BALANCE IN BofA-Atlanta GA $ 6,113,358.78
ENDING BALANCE IN BofA-Dallas TX $ 1,568,736.80
---------------
ENDING BALANCE IN ALL ACCOUNTS $ 7,690,528.48
===============
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: April 30, 2003
Bank: Bank of America
Location: Atlanta, GA
Account Name: BofA-Atlanta GA
Account Number: 329979536
DATE RECEIVED DESCRIPTION AMOUNT
- ------------- ----------- ------
4/23/2003 NetNet Switzerland 71,576.84
------------
$ 71,576.84
============
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
For the Month Ending: April 30, 2003
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 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: April 30, 2003
STATEMENT OF AGED RECEIVABLES
3RD PARTY* INTERCOMPANY TOTAL
--------------- --------------- ---------------
ACCOUNTS RECEIVABLE
Beginning of month balance $100,942,337.47 $ 7,015,176.24 $107,957,513.71
Add: sales on account $ - $ - $ -
Less: customer credits $ - $ - $ -
Less: collections $ - $ - $ -
Less: offsets $ - $ - $ -
Less: application of customer deposits $ - $ - $ -
--------------- --------------- ---------------
End of month balance $100,942,337.47 $ 7,015,176.24 $107,957,513.71
=============== =============== ===============
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
- --------- ---------- ---------- ------------ ------------------
$ - $ - $ - $ 100,942,337.47 $ 100,942,337.47
STATEMENT OF ACCOUNTS PAYABLE (POST-PETITION)
3RD PARTY INTERCOMPANY TOTAL
--------------- --------------- ---------------
Beginning of month balance $ 5,528,060.86 $ 4,969,390.74 $ 10,497,451.60
Add: sales on account** $ 29,185.78 $ - $ 29,185.78
Add: intercompany activity
Expenses paid directly by Parent or Affiliate $ (29,185.78) $ 29,185.78 $ -
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 $ 5,528,060.86 $ 4,998,576.52 $ 10,526,637.38
=============== =============== ===============
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
- --------- ---------- ---------- ------------ ------------------
$ - $ - $ - $ 5,528,060.86 $ 5,528,060.86
* Accounts receivable balances represent gross amounts due from former
customers. The vast majority of these balances are either being pursued via
collection litigation or are claims against the former customers' bankruptcy
estates. Thus, it is highly likely that a significant amount of the gross
accounts receivable will not be collected.
** 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 the report date, the Debtor has been invoiced
cumulative post-petition disputed amounts totalling $2,663,816.
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: April 30, 2003
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 5
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.
____________________________________________
For the Debtor In Possession
Henry C. Lyon
Designated Officer
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
SUMMARY OF CASH RECEIPTS AND CASH DISBURSEMENTS
For the Month Ending: May 31, 2003
BEGINNING BALANCE IN ALL ACCOUNTS $ 7,690,528.48
RECEIPTS:
1. Receipts from Operations $ 65,755.91
2. Other Receipts $ -
Other Receipts (Received by Parent or Affiliate) $ -
---------------
TOTAL RECEIPTS $ 65,755.91
Less: Receipts received by Parent or Affiliate $ -
---------------
ADJUSTED RECEIPTS $ 65,755.91
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
U.S. Trustee Fee $ 500.00
Professional fees $ 1,630.00
Other $ 345.28
Computer Access/Hosting Services $ 21,625.00
---------------
TOTAL DISBURSEMENTS $ 24,100.28
Less: Disbursements paid by Parent/Affiliate $ (24,100.28)
---------------
ADJUSTED DISBURSEMENTS $ -
NET RECEIPTS (DISBURSEMENTS) FOR THE CURRENT PERIOD $ 65,755.91
NET INTERCOMPANY SWEEP TRANSFERS - WAXS $ -
---------------
ENDING BALANCE IN Citibank $ 8,432.90
ENDING BALANCE IN BofA-Atlanta GA $ 6,179,114.69
ENDING BALANCE IN BofA-Dallas TX $ 1,568,736.80
---------------
ENDING BALANCE IN ALL ACCOUNTS $ 7,756,284.39
===============
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: May 31, 2003
Bank: Bank of America
Location: Atlanta, GA
Account Name: BofA-Atlanta GA
Account Number: 329979536
DATE RECEIVED DESCRIPTION AMOUNT
------------- ----------- ------
Receipts from Operations:
5/6/2003 Interactive Media 755.91
5/6/2003 Tawakaltel 2,500.00
5/6/2003 Tawakaltel 2,500.00
5/6/2003 One Point Services 25,000.00
5/6/2003 Ozemail 35,000.00
-----------
$ 65,755.91
===========
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
For the Month Ending: May 31, 2003
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 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: May 31, 2003
STATEMENT OF AGED RECEIVABLES
3RD PARTY* INTERCOMPANY TOTAL
--------------- --------------- ---------------
ACCOUNTS RECEIVABLE
Beginning of month balance $100,942,337.47 $ 7,015,176.24 $107,957,513.71
Add: sales on account $ - $ - $ -
Less: customer credits $ - $ - $ -
Less: collections $ (65,755.91) $ - $ (65,755.91)
Less: offsets $ - $ - $ -
Less: application of customer deposits $ - $ - $ -
--------------- --------------- ---------------
End of month balance $100,876,581.56 $ 7,015,176.24 $107,891,757.80
=============== =============== ===============
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
- --------- ---------- ---------- ------------ ------------------
$ - $ - $ - $ 100,876,581.56 $ 100,876,581.56
STATEMENT OF ACCOUNTS PAYABLE (POST-PETITION)
3RD PARTY INTERCOMPANY TOTAL
--------------- --------------- ---------------
Beginning of month balance $ 5,528,060.86 $ 4,998,576.52 $ 10,526,637.38
Add: sales on account** $ 24,100.28 $ - $ 24,100.28
Add: intercompany activity
Expenses paid directly by Parent or Affiliate $ (24,100.28) $ 24,100.28 $ -
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 $ 5,528,060.86 $ 5,022,676.80 $ 10,550,737.66
=============== =============== ===============
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
- --------- ---------- ---------- ------------ ------------------
$ - $ - $ - $ 5,528,060.86 $ 5,528,060.86
* Accounts receivable balances represent gross amounts due from former
customers. The vast majority of these balances are either being pursued via
collection litigation or are claims against the former customers' bankruptcy
estates. Thus, it is highly likely that a significant amount of the gross
accounts receivable will not be collected.
** 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 the report date, the Debtor has been invoiced
cumulative post-petition disputed amounts totalling $2,663,816.
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: May 31, 2003
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 5
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.
______________________________________________
For the Debtor In Possession
Henry C. Lyon
Designated Officer
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
SUMMARY OF CASH RECEIPTS AND CASH DISBURSEMENTS
For the Month Ending: June 30, 2003
BEGINNING BALANCE IN ALL ACCOUNTS $ 7,756,284.39
RECEIPTS:
1. Receipts from Operations $ 251,511.82
2. Other Receipts $ -
Other Receipts (Received by Parent or Affiliate) $ -
---------------
TOTAL RECEIPTS $ 251,511.82
Less: Receipts received by Parent or Affiliate $ -
---------------
ADJUSTED RECEIPTS $ 251,511.82
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
Computer Access/Hosting Services $ 21,625.00
---------------
TOTAL DISBURSEMENTS $ 21,625.00
Less: Disbursements paid by Parent/Affiliate $ (21,625.00)
---------------
ADJUSTED DISBURSEMENTS $ -
NET RECEIPTS (DISBURSEMENTS) FOR THE CURRENT PERIOD $ 251,511.82
NET INTERCOMPANY SWEEP TRANSFERS - WAXS $ -
---------------
ENDING BALANCE IN Citibank $ 8,432.90
ENDING BALANCE IN BofA-Atlanta GA $ 6,430,626.51
ENDING BALANCE IN BofA-Dallas TX $ 1,568,736.80
---------------
ENDING BALANCE IN ALL ACCOUNTS $ 8,007,796.21
===============
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: June 30, 2003
Bank: Bank of America
Location: Atlanta, GA
Account Name: BofA-Atlanta GA
Account Number: 329979536
DATE RECEIVED DESCRIPTION AMOUNT
------------- ----------- ------
Receipts from Operations:
6/19/2003 Interactive Media 755.91
6/19/2003 Interactive Media 755.91
6/19/2003 ARC Phone 250,000.00
------------
$ 251,511.82
============
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
For the Month Ending: June 30, 2003
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 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: June 30, 2003
STATEMENT OF AGED RECEIVABLES
3RD PARTY* INTERCOMPANY TOTAL
--------------- --------------- ---------------
ACCOUNTS RECEIVABLE
Beginning of month balance $100,876,581.56 $ 7,015,176.24 $107,891,757.80
Add: sales on account $ - $ - $ -
Less: customer credits $ - $ - $ -
Less: collections $ (251,511.82) $ - $ (251,511.82)
Less: offsets $ - $ - $ -
Less: application of customer deposits $ - $ - $ -
--------------- --------------- ---------------
End of month balance $100,625,069.74 $ 7,015,176.24 $107,640,245.98
=============== =============== ===============
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
- --------- ---------- ---------- ------------ ------------------
$ - $ - $ - $ 100,625,069.74 $ 100,625,069.74
STATEMENT OF ACCOUNTS PAYABLE (POST-PETITION)
3RD PARTY INTERCOMPANY TOTAL
--------------- --------------- ---------------
Beginning of month balance $ 5,528,060.86 $ 5,022,676.80 $ 10,550,737.66
Add: sales on account** $ 21,625.00 $ - $ 21,625.00
Add: intercompany activity
Expenses paid directly by Parent or Affiliate $ (21,625.00) $ 21,625.00 $ -
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 $ 5,528,060.86 $ 5,044,301.80 $ 10,572,362.66
=============== =============== ===============
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
- --------- ---------- ---------- ------------ ------------------
$ - $ - $ - $ 5,528,060.86 $ 5,528,060.86
* Accounts receivable balances represent gross amounts due from former
customers. The vast majority of these balances are either being pursued via
collection litigation or are claims against the former customers' bankruptcy
estates. Thus, it is highly likely that a significant amount of the gross
accounts receivable will not be collected.
** 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 the report date, the Debtor has been invoiced
cumulative post-petition disputed amounts totalling $2,663,816.
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: June 30, 2003
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 5
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.
________________________________________________
For the Debtor In Possession
Henry C. Lyon
Designated Officer
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
SUMMARY OF CASH RECEIPTS AND CASH DISBURSEMENTS
For the Month Ending: July 31, 2003
BEGINNING BALANCE IN ALL ACCOUNTS $ 8,007,796.21
RECEIPTS:
1. Receipts from Operations $ 3,255.91
2. Other Receipts $ 8,549.02
Other Receipts (Received by Parent or Affiliate) $ -
---------------
TOTAL RECEIPTS $ 11,804.93
Less: Receipts received by Parent or Affiliate $ -
---------------
ADJUSTED RECEIPTS $ 11,804.93
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
Computer Access/Hosting Services $ 21,625.00
---------------
TOTAL DISBURSEMENTS $ 21,625.00
Less: Disbursements paid by Parent/Affiliate $ (21,625.00)
---------------
ADJUSTED DISBURSEMENTS $ -
NET RECEIPTS (DISBURSEMENTS) FOR THE CURRENT PERIOD $ 11,804.93
NET INTERCOMPANY SWEEP TRANSFERS - WAXS $ -
---------------
ENDING BALANCE IN Citibank $ 8,432.90
ENDING BALANCE IN BofA-Atlanta GA $ 6,442,431.44
ENDING BALANCE IN BofA-Dallas TX $ 1,568,736.80
---------------
ENDING BALANCE IN ALL ACCOUNTS $ 8,019,601.14
===============
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: July 31, 2003
Bank: Bank of America
Location: Atlanta, GA
Account Name: BofA-Atlanta GA
Account Number: 329979536
DATE RECEIVED DESCRIPTION AMOUNT
------------- ----------- ------
Receipts from Operations:
7/14/2003 Interactive Media 755.91
7/14/2003 Tawakaltel 2,500.00
------------
$ 3,255.91
============
Other Receipts:
7/25/2003 Westel (Preference payment) 8,549.02
------------
$ 8,549.02
============
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
For the Month Ending: July 31, 2003
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 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: July 31, 2003
STATEMENT OF AGED RECEIVABLES
3RD PARTY* INTERCOMPANY TOTAL
---------------------------------------------------------
ACCOUNTS RECEIVABLE
Beginning of month balance $ 100,625,069.74 $ 7,015,176.24 $ 107,640,245.98
Add: sales on account $ - $ - $ -
Less: customer credits $ - $ - $ -
Less: collections $ (3,255.91) $ - $ (3,255.91)
Less: offsets $ - $ - $ -
Less: application of customer deposits $ - $ - $ -
---------------------------------------------------------
End of month balance $ 100,621,813.83 $ 7,015,176.24 $ 107,636,990.07
=========================================================
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
- --------- ---------- ---------- ------------ ------------------
$ - $ - $ - $100,621,813.83 $ 100,621,813.83
STATEMENT OF ACCOUNTS PAYABLE (POST-PETITION)
3RD PARTY INTERCOMPANY TOTAL
---------------------------------------------------------
Beginning of month balance $ 5,528,060.86 $ 5,044,301.80 $ 10,572,362.66
Add: sales on account** $ 21,625.00 $ - $ 21,625.00
Add: intercompany activity
Expenses paid directly by Parent or Affiliate $ (21,625.00) $ 21,625.00 $ -
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 $ 5,528,060.86 $ 5,065,926.80 $ 10,593,987.66
=========================================================
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
- --------- ---------- ---------- ------------ ------------------
$ - $ - $ - $ 5,528,060.86 $ 5,528,060.86
* Accounts receivable balances represent gross amounts due from former
customers. The vast majority of these balances are either being pursued via
collection litigation or are claims against the former customers'
bankruptcy estates. Thus, it is highly likely that a significant amount of
the gross accounts receivable will not be collected.
** 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 the report date, the
Debtor has been invoiced cumulative post-petition disputed amounts
totalling $2,663,816.
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: July 31, 2003
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 5
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.
________________________________________
For the Debtor In Possession
Henry C. Lyon
Designated Officer
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
SUMMARY OF CASH RECIEPTS AND CASH DISBURSEMENTS
For the Month Ending: August 31, 2003
BEGINNING BALANCE IN ALL ACCOUNTS $ 8,019,601.14
RECEIPTS:
1. Receipts from Operations $ 72,193.64
2. Other Receipts $ -
Other Receipts (Received by Parent or Affiliate) $ -
----------------
TOTAL RECEIPTS $ 72,193.64
Less: Receipts received by Parent or Affiliate $ -
----------------
ADJUSTED RECEIPTS $ 72,193.64
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
U.S. Trustee Fee $ 500.00
Bank fees $ 1,594.29
Computer Access/Hosting Services $ 24,025.00
----------------
TOTAL DISBURSEMENTS $ 26,119.29
Less: Disbursements paid by Parent/Affiliate $ (26,119.29)
----------------
ADJUSTED DISBURSEMENTS $ -
NET RECEIPTS (DISBURSEMENTS) FOR THE CURRENT PERIOD $ 72,193.64
NET INTERCOMPANY SWEEP TRANSFERS - WAXS $ -
----------------
ENDING BALANCE IN Citibank $ 8,432.90
ENDING BALANCE IN BofA-Atlanta GA $ 6,514,625.08
ENDING BALANCE IN BofA-Dallas TX $ 1,568,736.80
----------------
ENDING BALANCE IN ALL ACCOUNTS $ 8,091,794.78
================
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: August 31, 2003
Bank: Bank of America
Location: Atlanta, GA
Account Name: BofA-Atlanta GA
Account Number: 329979536
DATE RECEIVED DESCRIPTION AMOUNT
- ------------------------ ----------------- ---------------
Receipts from Operations:
8/28/2003 Interactive Media 1,511.82
8/28/2003 Tawakaltel 2,500.00
8/28/2003 ARC Phone 68,181.82
---------------
$ 72,193.64
===============
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
For the Month Ending: August 31, 2003
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 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: August 31, 2003
STATEMENT OF AGED RECEIVABLES
3RD PARTY* INTERCOMPANY TOTAL
---------------- --------------- ------------------
ACCOUNTS RECEIVABLE
Beginning of month balance $ 100,621,813.83 $ 7,015,176.24 $ 107,636,990.07
Add: sales on account $ - $ - $ -
Less: customer credits $ - $ - $ -
Less: collections $ (72,193.64) $ - $ (72,193.64)
Less: offsets $ - $ - $ -
Less: application of customer deposits $ - $ - $ -
---------------- --------------- ------------------
End of month balance $ 100,549,620.19 $ 7,015,176.24 $ 107,564,796.43
================ =============== ==================
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
--------- ---------- ---------- ------------ ------------------
$ - $ - $ - $100,549,620.19 $ 100,549,620.19
STATEMENT OF ACCOUNTS PAYABLE (POST-PETITION)
3RD PARTY INTERCOMPANY TOTAL
---------------- --------------- ------------------
Beginning of month balance $ 5,528,060.86 $ 5,065,926.80 $ 10,593,987.66
Add: sales on account** $ 26,119.29 $ - $ 26,119.29
Add: intercompany activity
Expenses paid directly by Parent or Affiliate $ (26,119.29) $ 26,119.29 $ -
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 $ 5,528,060.86 $ 5,092,046.09 $ 10,620,106.95
================ =============== ==================
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
--------- ---------- ---------- ------------ ------------------
$ - $ - $ - $ 5,528,060.86 $ 5,528,060.86
* Accounts receivable balances represent gross amounts due from former
customers. The vast majority of these balances are either being pursued via
collection litigation or are claims against the former customers'
bankruptcy estates. Thus, it is highly likely that a significant amount of
the gross accounts receivable will not be collected.
** 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 the report date, the
Debtor has been invoiced cumulative post-petition disputed amounts
totalling $2,663,816.
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: August 31, 2003
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 5
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.
________________________________________
For the Debtor In Possession
Henry C. Lyon
Designated Officer
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
SUMMARY OF CASH RECIEPTS AND CASH DISBURSEMENTS
For the Month Ending: September 30, 2003
BEGINNING BALANCE IN ALL ACCOUNTS $ 8,091,794.78
RECEIPTS:
1. Receipts from Operations $ 138,863.64
2. Other Receipts $ -
Other Receipts (Received by Parent or Affiliate) $ -
--------------
TOTAL RECEIPTS $ 138,863.64
Less: Receipts received by Parent or Affiliate $ -
--------------
ADJUSTED RECEIPTS $ 138,863.64
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
Bank fees $ 135.80
Computer Access/Hosting Services $ 21,625.00
--------------
TOTAL DISBURSEMENTS $ 21,760.80
Less: Disbursements paid by Parent/Affiliate $ (21,760.80)
--------------
ADJUSTED DISBURSEMENTS $ -
NET RECEIPTS (DISBURSEMENTS) FOR THE CURRENT PERIOD $ 138,863.64
NET INTERCOMPANY SWEEP TRANSFERS - WAXS $ -
--------------
ENDING BALANCE IN Citibank $ 8,432.90
ENDING BALANCE IN BofA-Atlanta GA $ 6,653,488.72
ENDING BALANCE IN BofA-Dallas TX $ 1,568,736.80
--------------
ENDING BALANCE IN ALL ACCOUNTS $ 8,230,658.42
==============
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: September 30, 2003
Bank: Bank of America
Location: Atlanta, GA
Account Name: BofA-Atlanta GA
Account Number: 329979536
DATE RECEIVED DESCRIPTION AMOUNT
- ------------------------- ----------- ------------
Receipts from Operations:
9/8/2003 ARC Phone 68,181.82
9/18/2003 ARC Phone 68,181.82
9/18/2003 Tawakaltel 2,500.00
------------
$ 138,863.64
============
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
For the Month Ending: September 30, 2003
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 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: September 30, 2003
STATEMENT OF AGED RECEIVABLES
3RD PARTY* INTERCOMPANY TOTAL
---------------- --------------- ------------------
ACCOUNTS RECEIVABLE
Beginning of month balance $ 100,549,620.19 $ 7,015,176.24 $ 107,564,796.43
Add: sales on account $ - $ - $ -
Less: customer credits $ - $ - $ -
Less: collections $ (138,863.64) $ - $ (138,863.64)
Less: offsets $ - $ - $ -
Less: application of customer deposits $ - $ - $ -
---------------- --------------- ------------------
End of month balance $ 100,410,756.55 $ 7,015,176.24 $ 107,425,932.79
================ =============== ==================
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
- --------- ---------- ---------------- --------------- ------------------
$ - $ - $ - $100,410,756.55 $ 100,410,756.55
STATEMENT OF ACCOUNTS PAYABLE (POST-PETITION)
3RD PARTY INTERCOMPANY TOTAL
---------------- --------------- ------------------
Beginning of month balance $ 5,528,060.86 $ 5,092,046.09 $ 10,620,106.95
Add: sales on account** $ 21,760.80 $ - $ 21,760.80
Add: intercompany activity
Expenses paid directly by Parent or
Affiliate $ (21,760.80) $ 21,760.80 $ -
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 $ 5,528,060.86 $ 5,113,806.89 $ 10,641,867.75
================ =============== ==================
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
- --------- ---------- ---------------- --------------- ------------------
$ - $ - $ - $ 5,528,060.86 $ 5,528,060.86
*Accounts receivable balances represent gross amounts due from former
customers. The vast majority of these balances are either being pursued via
collection litigation or are claims against the former customers' bankruptcy
estates. Thus, it is highly likely that a significant amount of the gross
accounts receivable will not be collected.
**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 the report date, the Debtor has been invoiced
cumulative post-petition disputed amounts totalling $2,663,816.
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: September 30, 2003
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 5
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.
_____________________________________________
For the Debtor In Possession
Henry C. Lyon
Designated Officer
OPERATING REPORT Page 6