Case RAM Doc 2460 Filed 01/20/21 Page 1 of 24

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QUARTERLY OPERATING REPORT - POST CONFIRMATION

ATTACHMENT NO. 1

QUESTIONNAIRE

YES* NO

1. Have any assets been sold or transferred outside the normal course of business, or outside

the Plan of Reorganization during this reporting period?

x

2.

Are any post-confirmation sales or payroll taxes past due?

x

3.

Are any amounts owed to post-confirmation creditors/vendors over 90 days delinquent?

x

4.

Is the Debtor current on all post-confirmation plan payments?

x

*If the answer to any of the above questions is "YES," provide a detailed explanation of each item on a separate sheet.

INSURANCE INFORMATION

YES NO*

1. Are real and personal property, vehicle/auto, general liability, fire, theft, worker's

compensation, and other necessary insurance coverages in effect?

x

2. Are all premium payments current?

_x

*If the answer to any of the above questions is "NO," provide a detailed explanation of each item on a separate sheet. *Insurance policies are not needed.

CONFIRMATION OF INSURANCE

Payment Amount Delinquency

TYPE of POLICY and CARRIER Period of Coverage and Frequency Amount

General Liability - Western World Insurance Company 9/24/2020 to 9/24/2021 $6,697.76 Annually $0.00

Commercial Umbrella - Evanston Insurance 9/24/2020 to 9/24/2021 $656.26 Annually $0.00

DESCRIBE PERTINENT DEVELOPMENTS, EVENTS, AND MATTERS DURING THIS REPORTING PERIOD:

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QUARTERLY OPERATING REPORT -

POST CONFIRMATION

ATTACHMENT NO. 2

CHAPTER 11 POST-CONFIRMATION

SCHEDULE OF RECEIPTS AND DISBURSEMENTS

Case Name:

1st Global Collections f/k/a 1 Global Capital LLC

Case Number:

18-19121-RAM

All items must be answered. Any which do not apply should be answered “none” or “N/A”.

Quarter

Post Confirmation Total

1. _{CASH (Beginning of Period)}

$

17,677,839

20,914,952

2. _RECEIPTS

(i)

In House Collections

$

510,259

$

1,552,141

(ii)

PBYA Remittances

156,910

751,813

(iii)

Other Collections

160,000

1,211,351

(iv)

Other Settlements/Receipts

205,000

8,831,708

(v)

Interest

14,075

113,349

Total Receipts

$

1,046,244

$

12,460,362

3. _{DISBURSEMENTS}

a.

Operating Expenses (Fees/Taxes):

(i)

U.S. Trustee Quarterly Fees

$

-

$

385,923

(ii)

Federal Taxes

(iii)

State Taxes

(iv)

Other Taxes

b.

All Other Operating Expenses:

$

490,056

$

4,495,476

c.

Plan Payments:*

(i)

Administrative Claims

$

(ii)

Class One

(iii)

Class Two

(iv)

Class Three

(v)

Class Four

_11,905,200

_22,165,088

(vi)

Class Five

(vii)

Class Six

(viii) Payments from Recourse Funds

(Attach additional pages as needed)

Total Disbursements (Operating & Plan)

$

12,395,256

$

27,046,487

1. _{CASH (End of Period)}

$

6,328,827

$

6,328,827

* This includes any and all disbursements made under the plan of reorganization or in the ordinary course

of the reorganized debtor's post-confirmation business, whether the disbursements are made

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QUARTERLY OPERATING REPORT -

POST CONFIRMATION

ATTACHMENT NO. 3

CHAPTER 11 POST-CONFIRMATION

BANK ACCOUNT RECONCILIATIONS

1 of 1

Bank Account Information

Account

Account Account Account

#1

#2

#3

#4

#5

Name of Bank:

City National Bank City National Bank East West Bank East West Bank ACHWorks

Account Number:

X2726

X2708

X1347

X1389

Deposit

Purpose of Account (Operating/Payroll/Tax)

Money Market

Operation

Money Market

Deposit

Type of Account (e.g. checking)

Money Market

Checking

Money Market

1. Balance per Bank Statement

$6,166,486

$26,407

$0

$150,000

2. ADD: Deposits not credited

3. SUBTRACT: Outstanding Checks

($14,066)

4. Other Reconciling Items

5. Month End Balance (Must Agree with Books)

$6,166,486

$12,342

$0

$150,000

Note: Attach copy of each bank statement and bank reconciliation.

Investment Account Information

Date of

Type of

Bank / Account Name / Number

Purchase

Instrument

None

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QUARTERLY OPERATING REPORT -

POST CONFIRMATION

ATTACHMENT NO. 4

Name of Bank City National Bank

Account Number X2708

Purpose of Account (Operating/Payroll/Personal) Operating

Type of Account (e.g., Checking) Checking

Check Date of

Number Transaction Payee Purpose or Description Amount

ACH 10/1/2020 Volico IT Services 1,242.38

ACH 10/1/2020 Guardian Employee Benefits 656.69

ACH 10/1/2020 American Public Life Insurance Insurance 219.27

ACH 10/2/2020 Florida Blue Insurance 1,705.97

Wire 10/5/2020 SysArc Informatix IT Services 5,000.00

Wire 10/8/2020 Development Specialists, Inc. Professional Fees & Expenses 49,792.55

Wire 10/8/2020 Greenberg Traurig Professional Fees & Expenses 14,053.93

ACH 10/13/2020 Paychex Payroll Fees 304.52

Wire 10/13/2020 Paychex Payroll 12,249.28

ACH 10/15/2020 Paychex Insurance 31.94

Fee 10/15/2020 City National Bank Bank Fee 273.00

ACH 10/16/2020 Go Daddy Web IT Services 32.98

1248 10/21/2020 Void Void 0.00

1249 10/21/2020 Amazon Web Services IT Services 561.38

1250 10/21/2020 American Arbitration Mediation Expense 9,307.50

1251 10/21/2020 Crown Center Exec. Rent 1,651.75

1252 10/21/2020 First Corporate Solutions Collections 92.00

1253 10/21/2020 Flexible Business Systems Inc. IT Services 6,766.46

1254 10/21/2020 KForce Financial & Consulting Temporary Labor 11,271.07

1255 10/21/2020 Museo Vault Storage 1,189.13

1256 10/21/2020 TransUnion Risk & Alternative Data Collections 621.00

1257 10/21/2020 Value Store It Pompano Storage 222.59

1258 10/30/2020 Void Void 0.00

1259 10/30/2020 Void Void 0.00

1260 10/30/2020 Void Void 0.00

1261 10/30/2020 Void Void 0.00

1262-1264 10/30/2020 Employees Payroll 9,707.95

1265 10/30/2020 KForce Financial & Consulting Temporary Labor 2,028.02

Wire 10/30/2020 Development Specialists, Inc. Professional Fees & Expenses 30,593.68

Wire 10/30/2020 James Cassel Professional Fees & Expenses 5,700.00

ACH 11/2/2020 Volico IT Services 1,252.38

ACH 11/4/2020 IRS Tax Payment Payroll Taxes 2,234.61

1269 11/16/2020 KForce Finance and Accounting Temporary Labor 5,921.23

1271 11/16/2020 Flexible Business Systems Inc. IT Services 765.39

Fee 11/16/2020 City National Bank Bank fee 281.38

1273 11/24/2020 Miller Advertising Agency Sale of Assets 5,692.00

1276 11/24/2020 Flexible Business Systems Inc. IT Services 365.00

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QUARTERLY OPERATING REPORT -

POST CONFIRMATION

ATTACHMENT NO. 4

Purpose of Account (Operating/Payroll/Personal) Operating

Type of Account (e.g., Checking) Checking

Check Date of

Number Transaction Payee Purpose or Description Amount

ACH 12/1/2020 Volico IT Services 762.38

Wire 12/3/2020 Development Specialists, Inc Professional Fees & Expenses 53,432.01

Fee 12/15/2020 City National Bank Bank fee 199.76

Wire 12/21/2020 MCA Portfolio Return of bidding deposit 105,000.00

1284 12/22/2020 Void Void 0.00

1285 12/22/2020 Void Void 0.00

1286 12/22/2020 Void Void 0.00

1289 12/22/2020 Void Void 0.00

1290 12/22/2020 Palisades Collection Return of bidding deposit 105,000.00

1292 12/22/2020 Judy Cregger Employee Reimbursement 22.00

Wire 12/22/2020 Development Specialists, Inc Professional Fees & Expenses 32,003.22

Wire 12/23/2020 DunnLaw PA Return of bidding deposit 15,000.00

2096 12/31/2020 Al Beutel Payroll 3,249.64

2097 12/31/2020 Judy Cregger Payroll 1,966.91

2098 12/31/2020 Julio Rojos Payroll 1,472.31

TOTAL $ 660,880.79 If any checks written this period have not been delivered to the payee, provide details, including the payee, amount, explanation for

holding check and anticipated delivery date of check. None

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QUARTERLY OPERATING REPORT - POST CONFIRMATION

ATTACHMENT NO. 4

Purpose of Account (Operating/Payroll/Personal) Savings Type of Account (e.g., Checking) Money Market Check Date of

Number Transaction Payee Purpose or Description Amount Fee 10/1/2020 City National Bank Bank fees 30.00 Transfer 10/8/2020 City National Bank Transfer to operating account 63,846.48 Fee 10/13/2020 City National Bank Bank fees 30.00 Fee 10/14/2020 City National Bank Bank fees 15.00 Fee 10/15/2020 City National Bank Bank fees 35.00 Fee 10/15/2020 City National Bank Bank fees 15.00 Fee 10/16/2020 City National Bank Bank fees 30.00 Fee 10/20/2020 City National Bank Bank fees 15.00 Fee 10/21/2020 City National Bank Bank fees 45.00 Fee 10/23/2020 City National Bank Bank fees 15.00 Fee 10/26/2020 City National Bank Bank fees 15.00 Transfer 10/26/2020 City National Bank Transfer to operating account 44,663.00 Fee 10/28/2020 City National Bank Bank fees 30.00 Fee 10/30/2020 City National Bank Bank fees 15.00 Transfer 10/30/2020 City National Bank Transfer to operating account 50,347.61 Fee 11/3/2020 City National Bank Bank fees 30.00 Fee 11/5/2020 City National Bank Bank fees 15.00 Fee 11/9/2020 City National Bank Bank fees 12.00 Chargeback 11/9/2020 Mike's Recycling Chargeback check 1699 1,000.00 Fee 11/12/2020 City National Bank Bank fees 15.00 Wire 11/12/2020 Perlman, Bajandes, Yevoli & Albright Professional Fees & Expenses 30,518.00 Wire 11/12/2020 Perlman, Bajandes, Yevoli & Albright Professional Fees & Expenses 3,744.25 Fee 11/13/2020 City National Bank Bank fees 45.00 Fee 11/16/2020 City National Bank Bank fees 60.00 Fee 11/16/2020 City National Bank Bank fees 15.00 Transfer 11/16/2020 City National Bank Transfer to operating account 25,000.00 Transfer 11/17/2020 City National Bank Transfer to operating account 10,000.00 Fee 11/18/2020 City National Bank Bank fees 30.00 Fee 11/23/2020 City National Bank Bank fees 30.00 Transfer 11/23/2020 City National Bank Transfer to operating account 8,568.41 Fee 11/24/2020 City National Bank Bank fees 45.00 Fee 11/25/2020 City National Bank Bank fees 15.00 Transfer 11/25/2020 City National Bank Transfer to operating account 10,000.00 Fee 11/30/2020 City National Bank Bank fees 15.00 Fee 12/1/2020 City National Bank Bank fees 45.00 Fee 12/2/2020 City National Bank Bank fees 30.00 Wire 12/2/2020 Perlman, Bajandes, Yevoli & Albright Professional Fees & Expenses 10,535.67 Transfer 12/3/2020 City National Bank Transfer to operating account 70,000.00 Fee 12/7/2020 City National Bank Bank fees 15.00 Fee 12/8/2020 City National Bank Bank fees 15.00 Fee 12/9/2020 City National Bank Bank fees 15.00 Fee 12/10/2020 City National Bank Bank fees 30.00 Transfer 12/10/2020 City National Bank Transfer to operating account 15,000.00 Fee 12/11/2020 City National Bank Bank fees 15.00 Fee 12/14/2020 City National Bank Bank fees 30.00 Fee 12/15/2020 City National Bank Bank fees 60.00 Fee 12/16/2020 City National Bank Bank fees 30.00 Wire 12/16/2020 Perlman, Bajandes, Yevoli & Albright Professional Fees & Expenses 8,647.15 Fee 12/18/2020 City National Bank Bank fees 35.00 Wire 12/18/2020 Epiq Corporation Distribution (Class 4) 11,905,199.67 Fee 12/21/2020 City National Bank Bank fees 15.00 Transfer 12/21/2020 City National Bank Transfer to operating account 225,000.00 Fee 12/22/2020 City National Bank Bank fees 30.00 Transfer 12/22/2020 City National Bank Transfer to operating account 110,000.00 Fee 12/29/2020 City National Bank Bank fees 15.00 TOTAL $ 12,593,067.24 If any checks written this period have not been delivered to the payee, provide details, including the payee, amount, explanation for

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QUARTERLY OPERATING REPORT -

POST CONFIRMATION

ATTACHMENT NO. 4

Name of Bank East West Bank

Purpose of Account (Operating/Payroll/Personal) Operating Type of Account (e.g., Checking) Checking Check Date of

Number Transaction Payee Purpose or Description Amount NONE

TOTAL $ -If any checks written this period have not been delivered to the payee, provide details, including the payee, amount, explanation for

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QUARTERLY OPERATING REPORT -

POST CONFIRMATION

ATTACHMENT NO. 4

Name of Bank East West Bank

Purpose of Account (Operating/Payroll/Personal) Savings Type of Account (e.g., Checking) Money Market Check Date of

Number Transaction Payee Purpose or Description Amount NONE

TOTAL $ -If any checks written this period have not been delivered to the payee, provide details, including the payee, amount, explanation for

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Always know your balance.

Send account or bill pay

alerts straight to your

email, via text or as

SMS push. Set up your

alerts via Online Banking.

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Always know your balance.

Send account or bill pay

alerts straight to your

email, via text or as

SMS push. Set up your

alerts via Online Banking.

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