WORLD ACCESS INC /NEW/ - 8-K - 20010905 - EXHIBIT_99
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHER DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS
SUMMARY OF CASH RECEIPTS AND CASH DISBURSEMENTS
For the Month Ending: June 30, 2001
BEGINNING BALANCE IN ALL ACCOUNTS $ --
RECEIPTS:
1. Receipts from Operations $ --
2. Other Receipts $ 8,876.95
DISBURSEMENTS
3. Net Payroll
a. Officers $ 209,766.34
b. Others $ 212,419.01
4. Taxes
a. Federal Income Taxes $ 137,670.12
b. FICA Withholdings $ 23,790.36
c. Employee's withholdings $ 89,843.03
d. Employer's FICA $ 23,790.29
e. Federal Unemployment Taxes $ 348.72
f. State Income Tax $ 34,826.96
g. State Employee withholdings $ 554.10
h. All other state taxes $ 2,517.23
5. Necessary Expenses
a. Rent or mortgage payment(s) $ --
b. Utilities $ 22,624.52
c. Insurance $ 145,271.30
d. Merchandise bought for manufacture or sell $ --
e. Garnishments w/h from payroll $ 4,588.62
Employee Expenses $ 17,237.37
Office Supplies & Expenses $ 4,757.22
Other $ 6,415.66
------------
TOTAL DISBURSEMENTS $ 936,420.85
------------
NET RECEIPTS (DISBURSEMENTS) FOR THE CURRENT PERIOD $(927,543.90)
NET INTERCOMPANY SWEEPS/TRANSFERS - World Access Telecom Group $ --
NET INTERCOMPANY SWEEPS/TRANSFERS - Facilicom International, L.L.C $ --
NET INTERCOMPANY SWEEPS/TRANSFERS - NACT $ --
NET INTERCOMPANY SWEEPS/TRANSFERS - WA Telecom Products Co., Inc. $ 927,543.90
NET INTERCOMPANY SWEEPS/TRANSFERS - WorldXchange $ --
NET INTERCOMPANY SWEEPS/TRANSFERS - CURRENT PERIOD $ 927,543.90
------------
ENDING BALANCE IN Bank of America - Master 03751046297 $ --
ENDING BALANCE IN Bank of America - Disbursement 03299976144 $ --
ENDING BALANCE IN Bank of America - Payroll 03299944407 $ --
ENDING BALANCE IN Bank of America - Payroll Taxes 03751301149 $ --
ENDING BALANCE IN Bank of America - Unemp. Benefit 03751255062 $ --
ENDING BALANCE IN Bank of America - Money Market 851018 $ --
ENDING BALANCE IN Deustch Bank - S/T Investment $ --
ENDING BALANCE IN Bank of America - Restricted Cash $ --
ENDING BALANCE IN Wells Fargo - Restricted Cash 699-3295970 $ --
ENDING BALANCE IN First Union - Commercial Checking 2000003341528 $ --
ENDING BALANCE IN Chase Manhattan Bank - FISC 719-1-362214 $ --
------------
ENDING BALANCE IN ALL ACCOUNTS $ --
============
IN THE UNITED STATES COURT
FOR THE NORTHER DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS
RECEIPTS LISTING
For the Month Ending: June 30, 2001
Bank: Bank of America
Location: Dallas, TX
Account Name: Master Account
Account Number: 03751046297
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
----------------------- -------------- ---------------- -------------------- -------------------
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS
For the Month Ending: June 30, 2001
STATEMENT OF AGED RECEIVABLES
ACCOUNTS RECEIVABLE
Beginning of month balance $ --
Add: sales on account $ --
Less: collections $ --
----
End of month balance $ --
====
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
--------- ---------- ---------- ------------ ------------------
$ -- $ -- $ -- $ -- $ --
STATEMENT OF ACCOUNTS PAYABLE (POST-PETITION)
Beginning of month balance $ 45,311.71
Add: sales on account $ 208,161.36
Less: payments $ 200,894.69
------------
End of month balance $ 52,578.38
============
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
--------- ---------- ---------- ------------ ------------------
$52,578.38 $ -- $ -- $ -- $ 52,578.38
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHER DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS
For the Month Ending: June 30, 2001
TAX QUESTIONNAIRE
Debtors in possession and trustees are required to pay all taxes
incurred after the filing of their Chapter 11 petition on an as due basis.
Please indicate whether the following post petition taxes or withholdings have
been paid currently.
1. Federal income taxes Yes (X) No ( )
2. FICA withholdings Yes (X) No ( )
3. Employee's withholdings Yes (X) No ( )
4. Employer's FICA Yes (X) No ( )
5. Federal unemployment taxes Yes (X) No ( )
6. State income tax Yes (X) No ( )
7. State employee withholdings Yes (X) No ( )
8. All other state taxes Yes (X) No ( )
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.
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 (Trustee) declare under penalty of perjury under the laws of the
United States that I have read and I certify that the figures, statements,
disbursement itemizations, and account balances as listed in this Monthly
Report of the Debtor are true and correct as of the date of this report to the
best of my knowledge, information and belief.
/s/ Henry C. Lyon
-------------------------------------------
For the Debtor In Possession
Henry C. Lyon
Designated Officer
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: June 30, 2001
BEGINNING BALANCE IN ALL ACCOUNTS $ 610,463.61
RECEIPTS:
1. Receipts from Operations $ 612,500.95
2. Other Receipts $ 150,000.00
DISBURSEMENTS
3. Net Payroll
a. Officers $ --
b. Others (Paid by Parent) $ --
4. Taxes
a. Federal Income Taxes (Paid by Parent) $ --
b. FICA Withholdings (Paid by Parent) $ --
c. Employee's withholdings (Paid by Parent) $ --
d. Employer's FICA (Paid by Parent) $ --
e. Federal Unemployment Taxes (Paid by Parent) $ --
f. State Income Tax $ --
g. State Employee withholdings (Paid by Parent) $ --
h. All other state taxes (Paid by Parent) $ --
5. Necessary Expenses
a. Rent or mortgage payment(s) $ 123,168.45
b. Utilities $ 25,131.27
c. Insurance (Paid by Parent) $ 4,698.89
d. Merchandise bought for manufacture or sell $ --
e. Other necessary expenses $ --
Computer Access (Paid By Parent) $ 9,250.00
Employee Expenses (Paid By Parent) $ 2,596.67
Building Maintenance $ 251.00
--------------
TOTAL DISBURSEMENTS $ 165,096.28
--------------
NET RECEIPTS (DISBURSEMENTS) FOR THE CURRENT PERIOD $ 597,404.67
NET INTERCOMPANY SWEEP TRANSFERS - WATG $ 53,409.64
NET INTERCOMPANY SWEEP TRANSFERS - WATP $ (13,454.44)
--------------
ENDING BALANCE IN Citibank $ 8,411.54
ENDING BALANCE IN National City $ --
ENDING BALANCE IN BofA-Atlanta GA $ (29,755.29)
ENDING BALANCE IN BofA-Dallas TX $ 1,276,630.70
ENDING BALANCE IN Cash Receipts Clearing $ (7,866.52)
ENDING BALANCE IN Petty Cash-Corporate $ 403.05
--------------
ENDING BALANCE IN ALL ACCOUNTS $ 1,247,823.48
==============
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, 2001
Bank: Bank of America
Location: Atlanta, GA
Account Name: BofA-Atlanta GA
Less World Access Telecommunications Group receipts deposited to wrong account:
06/05/01 Creative Paper Products, Inc. 114.38
06/05/01 JCJ Marketing by Design 338.50
06/07/01 Huntington 2,456.76
06/15/01 Comservices Corporation 2,500.00
06/15/01 Telecom Recyclers, Inc. 23,000.00
06/15/01 Telecom Recyclers, Inc. 25,000.00
------------
$ 612,500.95
============
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, 2001
Bank: Citibank
Location: Washington, DC
Account Name: Money Management Account
Account Number: 66755141
DATE RECEIVED DESCRIPTION AMOUNT
------------- ----------- ------
$ --
----
Total $ --
====
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
DISBURSEMENT LISTING
For the Month Ending: June 30, 2001
Bank: Bank of America
Location: Dallas, TX
Account Name:
Account Number: 3751469007
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT
-------------- ------------ ----------- ------------
6/1/2001 0000001269 NEXTEL $ 4,376.76
6/1/2001 0000001270 NEXTEL 0001247752-7 $ 2,000.00
6/25/2001 0000001286 WORLD WIDE MAINTENANCE $ 40,174.00
6/25/2001 0000001287 TMR, INC $ 9,883.06
6/25/2001 0000001288 NEW WORLD TOWER PARTNERS, LTD. $ 10,087.82
6/25/2001 0000001289 QUINBY BUILDING $ 27,485.59
6/25/2001 0000001290 111 EIGHTH AVENUE LLC $ 9,443.50
6/25/2001 0000001291 DESCALSO HOWARD ST. BLDG. $ 7,938.44
6/25/2001 0000001292 ONE WILSHIRE ARCADE IMP. LTD. $ 5,371.63
6/25/2001 0000001293 HATFIELD PHILIPS INC/SOVEREIGN BANK $ 12,784.41
6/25/2001 0000001294 Waterton Printers' Square, LLC $ 51.00
6/27/2001 0000001295 PALACIOS JANITORIAL SERVICE $ 100.00
6/28/2001 0000001296 QUINBY BUILDING $ 18,754.51
6/30/2001 0000001297 PALACIOS JANITORIAL SERVICE $ 100.00
------------
Total $ 148,550.72
============
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
DISBURSEMENT LISTING
For the Month Ending: June 30, 2001
Bank: Bank of America
Location: Atlanta, GA
Account Name:
Account Number: 3299979536
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT
-------------- ------------ ----------- ------
$ --
$ --
$ --
$ --
----
Total $ --
====
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, 2001
STATEMENT OF INVENTORY
Beginning Inventory $ --
Add: purchases $ --
Less: goods sold $ --
----
Ending inventory $ --
====
PAYROLL INFORMATION STATEMENT
Gross payroll for this period $ --
Payroll taxes due but unpaid $ --
STATUS OF PAYMENTS TO SECURED CREDITORS AND LESSORS
DATE REGULAR AMOUNT OF NUMBER OF AMOUNT OF
NAME OF CREDITOR/LESSOR PAYMENT IS DUE REGULAR PAYMENT PAYMENTS DELINQUENT PAYMENTS DELINQUENT
----------------------- -------------- --------------- ------------------- -------------------
TMR, Inc 6/1/2001 $ 40,174.00 0 $ --
New World Tower Partners 6/1/2001 $ 12,651.40 0 $ --
Quinby Building Inc 6/1/2001 $ 10,087.82 0 $ --
111 Eight Ave, LLC 6/1/2001 $ 42,485.59 0 $ --
* Corban Communications 6/1/2001 $ 2,220.58 0 $ --
Descalso Howard 6/1/2001 $ 8,585.00 0 $ --
One Wilshire Arcade 6/1/2001 $ 7,938.44 0 $ --
Hatfield Philips 6/1/2001 $ 5,371.63 0 $ --
* Waterton Printers Square 6/1/2001 $ 12,784.41 0 $ --
* Corban lease has been cancelled
* Waterton Printers Square leasee is World Access Telecommunications Group
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, 2001
STATEMENT OF AGED RECEIVABLES
ACCOUNTS RECEIVABLE 3RD PARTY INTERCOMPANY
--------------- ---------------
Beginning of month balance $108,863,992.07 $548,655,308.68
Add: sales on account $ -- $ --
Less: collections $ 612,500.95 $ --
--------------- ---------------
End of month balance $108,251,491.12 $548,655,308.68
=============== ===============
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
------------- -------------- -------------- -------------- ------------------
$5,430,116.63 $ 2,720,417.45 $40,867,182.55 $59,233,774.49 $ 108,251,491.12
STATEMENT OF ACCOUNTS PAYABLE (POST-PETITION)
Beginning of month balance $8,872,132.31
Add: sales on account $ 430,701.98
Less: payments of account $ 148,550.72
-------------
End of month balance $9,154,283.57
=============
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
----------- -------------- ---------- ------------ ------------------
$282,151.26 $ 8,872,132.31 $ -- $ -- $ 9,154,283.57
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, 2001
TAX QUESTIONNAIRE
Debtors in possession and trustees are required to pay all taxes
incurred after the filing of their Chapter 11 petition on an as due basis.
Please indicate whether the following post petition taxes or withholdings have
been paid currently.
1. Federal income taxes Yes (X) No ( )
2. FICA withholdings Yes (X) No ( )
3. Employee's withholdings Yes (X) No ( )
4. Employer's FICA Yes (X) No ( )
5. Federal unemployment taxes Yes (X) No ( )
6. State income tax Yes (X) No ( )
7. State employee withholdings Yes (X) No ( )
8. All other state taxes Yes (X) No ( )
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.
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 (Trustee) declare under penalty of perjury under the laws of the
United States that I have read and I certify that the figures, statements,
disbursement itemizations, and account balances as listed in this Monthly Report
of the Debtor are true and correct as of the date of this report to the best of
my knowledge, information and belief.
/s/ Henry C. Lyon
--------------------------------------------
For the Debtor In Possession
Henry C. Lyon
Designated Officer
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHER DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: WA Telcom Products Co., Inc. CASE NUMBER: 01-14635-SPS
SUMMARY OF CASH RECIEPTS AND CASH DISBURSEMENTS
For the Month Ending: June 30, 2001
BEGINNING BALANCE IN ALL ACCOUNTS $18,680,103.85
RECEIPTS:
1. Receipts from Operations $ --
2. Other Receipts $ 124,983.28
DISBURSEMENTS
3. Net Payroll
a. Officers $ --
b. Others $ --
4. Taxes
a. Federal Income Taxes $ --
b. FICA Withholdings $ --
c. Employee's withholdings $ --
d. Employer's FICA $ --
e. Federal Unemployment Taxes $ --
f. State Income Tax $ --
g. State Employee withholdings $ --
h. All other state taxes $ --
5. Necessary Expenses
a. Rent or mortgage payment(s) $ 56,142.39
b. Utilities $ --
c. Insurance $ --
d. Merchandise bought for manufacture or sell $ --
e. Other necessary expenses $ --
Employee Expenses $ --
Office Supplies & Expenses $ 1,215.96
Other $ 1,791.18
--------------
TOTAL DISBURSEMENTS $ 59,149.53
--------------
NET RECEIPTS (DISBURSEMENTS) FOR THE CURRENT PERIOD $ 65,833.75
NET INTERCOMPANY SWEEPS/TRANSFERS - World Access Telecom Group $ 47.88
NET INTERCOMPANY SWEEPS/TRANSFERS - Facilicom International, L.L.C $ 13,454.44
NET INTERCOMPANY SWEEPS/TRANSFERS - NACT $ 24,656.98
NET INTERCOMPANY SWEEPS/TRANSFERS - World Access, Inc. $ (927,543.90)
NET INTERCOMPANY SWEEPS/TRANSFERS - WorldXchange $ (20,772.31)
NET INTERCOMPANY SWEEPS/TRANSFERS - CURRENT PERIOD $ (910,156.91)
--------------
ENDING BALANCE IN Bank of America - Master 03751046297 $ 424,233.21
ENDING BALANCE IN Bank of America - Disbursement 03299976144 $ 2,131,621.80
ENDING BALANCE IN Bank of America - Payroll 03299944407 $ 236,866.73
ENDING BALANCE IN Bank of America - Payroll Taxes 03751301149 $ 401,362.07
ENDING BALANCE IN Bank of America - Unemp. Benefit 03751255062 $ 9,800.57
ENDING BALANCE IN Bank of America - Money Market 851018 $ 7,896,241.91
ENDING BALANCE IN Deustch Bank - S/T Investment $ 5,026,436.02
ENDING BALANCE IN Bank of America - Restricted Cash $ 1,333,333.95
ENDING BALANCE IN Wells Fargo - Restricted Cash 699-3295970 $ 370,788.39
ENDING BALANCE IN First Union - Commercial Checking 2000003341528 $ 106.04
ENDING BALANCE IN Chase Manhattan Bank - FISC 719-1-362214 $ 4,990.00
--------------
ENDING BALANCE IN ALL ACCOUNTS $17,835,780.69
==============
IN THE UNITED STATES COURT
FOR THE NORTHER DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: WA Telcom Products Co., Inc. CASE NUMBER: 01-14635-SPS
RECEIPTS LISTING
For the Month Ending: June 30, 2001
Bank: Bank of America
Location: Dallas, TX
Account Name: Master Account
Account Number: 03751046297
DATE RECEIVED DESCRIPTION AMOUNT
------------- ----------- ------
6/1/2001 MONIQUE LUNG (COBRA) $ 664.14
6/1/2001 KATHRYN EISMAN (COBRA) $ 219.11
6/1/2001 KATHLEEN G. WINTERS (COBRA) $ 22.74
6/1/2001 MARK GERGEL (LAPTOP) $ 100.00
6/1/2001 TODD ALLEN (COBRA) $ 223.07
6/1/2001 MICHELLE MCCABE BIRDWELL (COBRA) $ 664.14
6/1/2001 MARK GERGEL (COBRA) $ 1,328.28
6/1/2001 MARTHA HERNANDEZ (COBRA) $ 225.00
6/1/2001 HARLD BJERKLEY (COBRA) $ 57.76
6/1/2001 FRANKLIN EDWARDS (COBRA) $ 223.07
6/1/2001 FRANKLIN EDWARDS (COBRA) $ 223.07
6/1/2001 RAPID LINK (COBRA) $ 664.14
6/1/2001 ORION TELECOMMUNICATIONS (NOTE REC.) $ 69,062.00
6/1/2001 STATE OF CONNECTICUT (EMPLOYER P/R TAX REFUND) $ 64.01
6/1/2001 US TREASURY (EMPLOYER P/R TAX REFUND) $ 1.60
6/1/2001 US TREASURY (FED EXCISE TAX REFUND) $ 24.32
6/1/2001 US TREASURY (FED EXCISE TAX REFUND) $ 14.88
6/11/2001 AMERICAN TOWER CORP. (10% DOWN ON ASSETS) $ 150,000.00
6/21/2001 PROCEEDS FROM NEW ZEALAND SALE $ 61,380.00
6/25/2001 XFER IN FROM WXC $ 200,000.00
6/28/2001 PROCEEDS FROM NEW ZEALAND SALE $ 40,900.00
6/29/2001 KAISER PERMANENTE (DEPOSIT REFUND) $ 318.34
6/29/2001 RITA HIGHTOWER (COBRA) $ 223.07
6/29/2001 MONIQUE LUNG (COBRA) $ 664.14
6/29/2001 FEDERAL EXPRESS (OVERPAYMENT REFUND) $ 32.86
6/29/2001 MERRILL LYNCH (OVERPAYMENT REFUND) $ 140.48
6/29/2001 APRIZE SATELLITE (COBRA) $ 1,481.52
6/29/2001 APRIZE SATELLITE (COBRA) $ 493.84
6/29/2001 KAREN ZEITNER (POSTAGE) $ 20.97
6/29/2001 EVELYN JOHNSON (COBRA) $ 223.07
6/29/2001 DANIEL MENKEN (COBRA) $ 664.14
Total $ 530,323.76
Less: World Access, Inc., Facilicom, WA Telecommunications Group, and
WorldxChange receipts transferred through Net Intercompany.
World Access, Inc.
6/1/2001 MONIQUE LUNG (COBRA) $ 664.14
6/1/2001 KATHRYN EISMAN (COBRA) $ 219.11
6/1/2001 KATHLEEN G. WINTERS (COBRA) $ 22.74
6/1/2001 MARK GERGEL (LAPTOP) $ 100.00
6/1/2001 TODD ALLEN (COBRA) $ 223.07
6/1/2001 MICHELLE MCCABE BIRDWELL (COBRA) $ 664.14
6/1/2001 MARK GERGEL (COBRA) $ 1,328.28
6/1/2001 MARTHA HERNANDEZ (COBRA) $ 225.00
6/1/2001 HARLD BJERKLEY (COBRA) $ 57.76
6/1/2001 FRANKLIN EDWARDS (COBRA) $ 223.07
6/1/2001 FRANKLIN EDWARDS (COBRA) $ 223.07
6/1/2001 RAPID LINK (COBRA) $ 664.14
6/29/2001 KAISER PERMANENTE (DEPOSIT REFUND) $ 318.34
6/29/2001 RITA HIGHTOWER (COBRA) $ 223.07
6/29/2001 MONIQUE LUNG (COBRA) $ 664.14
6/29/2001 FEDERAL EXPRESS (OVERPAYMENT REFUND) $ 32.86
6/29/2001 MERRILL LYNCH (OVERPAYMENT REFUND) $ 140.48
6/29/2001 APRIZE SATELLITE (COBRA) $ 1,481.52
6/29/2001 APRIZE SATELLITE (COBRA) $ 493.84
6/29/2001 KAREN ZEITNER (POSTAGE) $ 20.97
6/29/2001 EVELYN JOHNSON (COBRA) $ 223.07
6/29/2001 DANIEL MENKEN (COBRA) $ 664.14
Facilicom
6/11/2001 AMERICAN TOWER CORP. (10% DOWN ON ASSETS) $ 150,000.00
WA Telecommunications Group
6/1/2001 STATE OF CONNECTICUT (EMPLOYER P/R TAX REFUND) $ 64.01
6/1/2001 US TREASURY (EMPLOYER P/R TAX REFUND) $ 1.60
6/1/2001 US TREASURY (FED EXCISE TAX REFUND) $ 24.32
6/1/2001 US TREASURY (FED EXCISE TAX REFUND) $ 14.88
WorldxChange
6/21/2001 PROCEEDS FROM NEW ZEALAND SALE $ 61,380.00
6/25/2001 XFER IN FROM WXC $ 200,000.00
6/28/2001 PROCEEDS FROM NEW ZEALAND SALE $ 40,900.00
--------------
$ 461,261.76
--------------
Total WATP Receipts $ 69,062.00
==============
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHER DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: WA Telcom Products Co., Inc. CASE NUMBER: 01-14635-SPS
RECEIPTS LISTING
For the Month Ending: June 30, 2001
Bank: Bank of America
Location: Dallas, TX
Account Name: - Payroll Account
Account Number: 03299944407
DATE RECEIVED DESCRIPTION AMOUNT
------------- ----------- ------
6/1/2001 XFER IN FROM WXC $ 488,983.10
6/7/2001 XFER IN FROM WXC $ 25,347.14
6/19/2001 XFER IN FROM ADP $ 66,320.50
------------
Total $ 580,650.74
Less WorldxChange and NACT receipts transferred through Net Intercompany
WorldxChange
6/1/2001 XFER IN FROM WXC $ 488,983.10
6/7/2001 XFER IN FROM WXC $ 25,347.14
NACT
6/19/2001 XFER IN FROM ADP $ 66,320.50
------------
$ 580,650.74
------------
Total WATP Receipts $ --
============
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHER DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: WA Telcom Products Co., Inc. CASE NUMBER: 01-14635-SPS
RECEIPTS LISTING
For the Month Ending: June 30, 2001
Bank: Bank of America
Location: Dallas, TX
Account Name: - Payroll Tax Account
Account Number: 03751301149
DATE RECEIVED DESCRIPTION AMOUNT
------------- ----------- ------
6/6/2001 XFER IN FROM WXC $ 215,707.75
6/7/2001 XFER IN FROM WXC $ 10,563.84
------------
Total $ 226,271.59
Less WorldxChange receipts transferred through Net Intercompany
6/6/2001 XFER IN FROM WXC $ 215,707.75
6/7/2001 XFER IN FROM WXC $ 10,563.84
------------
$ 226,271.59
------------
Total WATP Receipts $ --
============
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHER DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: WA Telcom Products Co., Inc. CASE NUMBER: 01-14635-SPS
RECEIPTS LISTING
For the Month Ending: June 30, 2001
Bank: Bank of America (Nations Funds)
Location: Charlotte, NC
Account Name: Money Market
Account Number: 851018
DATE RECEIVED DESCRIPTION AMOUNT
------------- ----------- ------
6/29/2001 INTEREST RECEIVED $ 29,336.38
-----------
Total WATP Receipts $ 29,336.38
===========
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHER DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: WA Telcom Products Co., Inc. CASE NUMBER: 01-14635-SPS
DATE RECEIVED DESCRIPTION AMOUNT
------------- ----------- ------
6/29/2001 INTEREST RECEIVED $ 461.41
--------
Total WATP Receipts $ 461.41
========
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHER DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: WA Telcom Products Co., Inc. CASE NUMBER: 01-14635-SPS
RECEIPTS LISTING
For the Month Ending: June 30, 2001
Bank: Deutsche Bank Alex. Brown
Location: Baltimore, MD
Account Name: Investment Account
Account Number: 206-19648
DATE RECEIVED DESCRIPTION AMOUNT
------------- ----------- ------
6/29/2001 INTEREST RECEIVED $ 26,123.49
-----------
Total WATP Receipts $ 26,123.49
===========
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHER DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: WA Telcom Products Co., Inc. CASE NUMBER: 01-14635-SPS
DISBURSEMENT LISTING
For the Month Ending: June 30, 2001
Bank: Bank of America
Location: Dallas, TX
Account Name: Master Account
Account Number: 03751046297
DATE DISBURSED DESCRIPTION AMOUNT
-------------- ----------- ------
6/4/2001 MERRILL LYNCH (401K W/H) $ 52,774.17
6/4/2001 XFER TO FACILICOM $ 60,000.00
6/5/2001 BANK FEE $ 30.00
6/5/2001 XFER TO FACILICOM $ 60,000.00
6/8/2001 PAT AELVOET $ 7,437.71
6/25/2001 VERIZON (FOR WXC) $200,000.00
6/27/2001 MERRILL LYNCH (401K W/H) $ 37,068.86
-----------
Total $417,310.74
===========
Less: World Access, Inc., Facilicom, WA Telecommunications Group, NACT and
WorldxChange disbursements transferred through Net Intercompany
World Access, Inc.
6/4/2001 MERRILL LYNCH (401K W/H) $ 52,774.17
6/27/2001 MERRILL LYNCH (401K W/H) $ 37,068.86
Facilicom
6/4/2001 XFER TO FACILICOM $ 60,000.00
6/5/2001 XFER TO FACILICOM $ 60,000.00
WorldxChange
6/8/2001 PAT AELVOET $ 7,437.71
6/25/2001 VERIZON (FOR WXC) $200,000.00
-----------
$417,280.74
-----------
Total WATP Disbursements $ 30.00
===========
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHER DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: WA Telcom Products Co., Inc. CASE NUMBER: 01-14635-SPS
DISBURSEMENT LISTING
For the Month Ending: June 30, 2001
Bank: Bank of America
Location: Dallas, TX
Account Name: Corporate Disbursement
Account Number: 03299976144
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT
-------------- ------------ ----------- ------
6/1/2001 34404 AIRBORNE EXPRESS $ 317.39
6/1/2001 34405 BOWNE OF ATLANTA $ 505.00
6/1/2001 34406 CENTRAL PARKING $ 990.00
6/1/2001 34407 TOD CHMAR $ 2,837.04
6/1/2001 34409 GEORGIA NATURAL $ 265.09
6/1/2001 34410 J. SMITH LANIER $ 30,640.41
6/1/2001 34411 MCI WORLDCOM CO $ 2,636.80
6/1/2001 34411 MCI WORLDCOM CO $ 23.53
6/1/2001 34412 MICHAEL MIES $ 2,836.07
6/1/2001 34413 DEANNA MULLINS $ 1,608.70
6/1/2001 34414 NORTH ATLANTA REALTY $ 28,021.26
6/1/2001 34415 TOTAL OFFICE PRODUCTS $ 55.01
6/5/2001 34416 NORTH ATLANTA REALTY $ 28,121.13
6/8/2001 34417 AIRBORNE EXPRESS $ 265.08
6/8/2001 34418 AVERT, INC $ 10.00
6/8/2001 34419 WALTER BURMEISTER $ 5,529.95
6/8/2001 34420 SUSAN CRISLER $ 2,596.67
6/8/2001 34421 MCI WORLDCOM CO $ 487.48
6/8/2001 34422 MET LIFE $ 1,825.21
6/8/2001 34422 MET LIFE $ 56.93
6/8/2001 34422 MET LIFE $ 9,258.95
6/8/2001 34422 MET LIFE $ 855.75
6/8/2001 34423 UHEAA $ 95.76
6/8/2001 34424 UNITED HEALTHCARE $ 14,892.68
6/8/2001 34424 UNITED HEALTHCARE $ 3,843.14
6/8/2001 34425 WASTE MANAGEMENT $ 77.05
6/12/2001 34426 CHRISTIAN GRANT $ 250.00
6/12/2001 34427 KEVIN MORAN $ 1,000.00
6/12/2001 34428 KAREN ZEITNER $ 175.00
6/13/2001 34429 KAMRAN SAEED $ 106.07
6/15/2001 34430 ADP $ 358.22
6/15/2001 34431 AIRBORNE EXPRESS $ 203.34
6/15/2001 34432 ASCOM HASLER $ 731.22
6/15/2001 34433 BORSEN-ZEITUNG $ 483.90
6/15/2001 34434 BOWNE OF ATLANTA $ 291.00
6/15/2001 34435 CONTINENTAL STOCK $ 730.55
6/15/2001 34436 FEDERAL EXPRESS $ 19.12
6/15/2001 34437 FRANKLIN CO CHILD SUPPORT $ 1,438.32
6/15/2001 34438 FRANCHISE TAX BOARD $ 427.94
6/15/2001 34439 IRS $ 100.00
6/15/2001 34440 LILIANA CHAVEZ $ 115.00
6/15/2001 34441 MCI WORLDCOM CO $ 238.53
6/15/2001 34442 DEANNA MULLINS $ 1,693.34
6/15/2001 34443 NEW JERSEY FAMILY $ 303.32
6/15/2001 34444 OFFICE OF THE DISTRICT $ 1,043.52
6/15/2001 34445 SAN BERNARDINO CHILD $ 844.00
6/15/2001 34446 TH BILLINGSLEA CH 13 $ 225.00
6/15/2001 34447 TOSHIBA EASY LEASE $ 57.11
6/15/2001 34448 VELOCITY EXPRESS $ 6.66
6/18/2001 34449 JUDCO MANAGEMENT $ 9,250.00
6/20/2001 34450 BELLSOUTH $ 455.69
6/20/2001 34451 BELLSOUTH $ 564.27
6/20/2001 34452 BUNDESANZEIGER $ 257.43
6/20/2001 34453 CONTINENTAL STOCK $ 225.01
6/20/2001 34454 FEDERAL EXPRESS $ 92.91
6/20/2001 34455 GE CAPITAL $ 612.83
6/20/2001 34456 IMPERIAL BUSINESS $ 546.02
6/20/2001 34457 J. SMITH LANIER $ 90,000.00
6/20/2001 34458 MCI WORLDCOM CO $ 51.43
6/20/2001 34459 MCI WORLDCOM CO $ 316.40
6/20/2001 34460 MCI WORLDCOM CO $ 10,647.15
6/20/2001 34460 MCI WORLDCOM CO $ 3,943.51
6/20/2001 34461 VELOCITY EXPRESS $ 13.32
6/27/2001 34462 NCCI INC $ 7,913.00
6/27/2001 34463 RANDSTAD NORTH $ 192.00
6/27/2001 34464 THOMPSON LIFT $ 549.98
6/29/2001 34465 AIRBORNE EXPRESS $ 325.51
6/29/2001 34466 ROBERT CARRABIS $ 500.00
6/29/2001 34467 CENTRAL PARKING $ 935.00
6/29/2001 34468 IBM CORPORATION $ 40,000.00
6/29/2001 34469 MCI WORLDCOM CO $ 2,994.64
6/29/2001 34470 DEANNA MULLINS $ 1,201.20
6/29/2001 34471 UHEAA $ 95.76
6/29/2001 34472 VELOCITY EXPRESS $ 6.66
6/29/2001 34473 ANN WALLACE $ 2,298.82
-----------
Total $323,481.78
===========
Less: World Access, Inc., Facilicom, WA Telecommunications Group, NACT and
WorldxChange disbursements transferred through Net Intercompany
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHER DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: WA Telcom Products Co., Inc. CASE NUMBER: 01-14635-SPS
DISBURSEMENT LISTING
For the Month Ending: June 30, 2001
Bank: Bank of America
Location: Dallas, TX
Account Name: Corporate Disbursement
Account Number: 03299976144
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT
-------------- ------------ ----------- ------
World Access, Inc.
6/1/2001 34404 AIRBORNE EXPRESS $ 317.39
6/1/2001 34405 BOWNE OF ATLANTA $ 505.00
6/1/2001 34406 CENTRAL PARKING $ 990.00
6/1/2001 34407 TOD CHMAR $ 2,837.04
6/1/2001 34409 GEORGIA NATURAL $ 265.09
6/1/2001 34410 J. SMITH LANIER $ 30,640.41
6/1/2001 34411 MCI WORLDCOM CO $ 2,636.80
6/1/2001 34411 MCI WORLDCOM CO $ 23.53
6/1/2001 34412 MICHAEL MIES $ 2,836.07
6/1/2001 34413 DEANNA MULLINS $ 1,608.70
6/1/2001 34415 TOTAL OFFICE PRODUCTS $ 55.01
6/8/2001 34417 AIRBORNE EXPRESS $ 265.08
6/8/2001 34418 AVERT, INC $ 10.00
6/8/2001 34419 WALTER BURMEISTER $ 5,529.95
6/8/2001 34421 MCI WORLDCOM CO $ 487.48
6/8/2001 34422 MET LIFE $ 1,825.21
6/8/2001 34423 UHEAA $ 95.76
6/8/2001 34424 UNITED HEALTHCARE $ 14,892.68
6/12/2001 34426 CHRISTIAN GRANT $ 250.00
6/12/2001 34427 KEVIN MORAN $ 1,000.00
6/12/2001 34428 KAREN ZEITNER $ 175.00
6/13/2001 34429 KAMRAN SAEED $ 106.07
6/15/2001 34430 ADP $ 358.22
6/15/2001 34431 AIRBORNE EXPRESS $ 203.34
6/15/2001 34432 ASCOM HASLER $ 731.22
6/15/2001 34433 BORSEN-ZEITUNG $ 483.90
6/15/2001 34434 BOWNE OF ATLANTA $ 291.00
6/15/2001 34435 CONTINENTAL STOCK $ 730.55
6/15/2001 34436 FEDERAL EXPRESS $ 19.12
6/15/2001 34437 FRANKLIN CO CHILD SUPPORT $ 1,438.32
6/15/2001 34438 FRANCHISE TAX BOARD $ 427.94
6/15/2001 34439 IRS $ 100.00
6/15/2001 34440 LILIANA CHAVEZ $ 115.00
6/15/2001 34441 MCI WORLDCOM CO $ 238.53
6/15/2001 34442 DEANNA MULLINS $ 1,693.34
6/15/2001 34443 NEW JERSEY FAMILY $ 303.32
6/15/2001 34444 OFFICE OF THE DISTRICT $ 1,043.52
6/15/2001 34445 SAN BERNARDINO CHILD $ 844.00
6/15/2001 34446 TH BILLINGSLEA CH 13 $ 225.00
6/15/2001 34448 VELOCITY EXPRESS $ 6.66
6/20/2001 34450 BELLSOUTH $ 455.69
6/20/2001 34451 BELLSOUTH $ 564.27
6/20/2001 34452 BUNDESANZEIGER $ 257.43
6/20/2001 34453 CONTINENTAL STOCK $ 225.01
6/20/2001 34454 FEDERAL EXPRESS $ 92.91
6/20/2001 34457 J. SMITH LANIER $ 90,000.00
6/20/2001 34458 MCI WORLDCOM CO $ 51.43
6/20/2001 34459 MCI WORLDCOM CO $ 316.40
6/20/2001 34460 MCI WORLDCOM CO $ 10,647.15
6/20/2001 34460 MCI WORLDCOM CO $ 3,943.51
6/20/2001 34461 VELOCITY EXPRESS $ 13.32
6/27/2001 34462 NCCI INC $ 7,913.00
6/29/2001 34465 AIRBORNE EXPRESS $ 325.51
6/29/2001 34467 CENTRAL PARKING $ 935.00
6/29/2001 34469 MCI WORLDCOM CO $ 2,994.64
6/29/2001 34470 DEANNA MULLINS $ 1,201.20
6/29/2001 34471 UHEAA $ 95.76
6/29/2001 34472 VELOCITY EXPRESS $ 6.66
6/29/2001 34473 ANN WALLACE $ 2,298.82
Facilicom
6/8/2001 34420 SUSAN CRISLER $ 2,596.67
6/8/2001 34422 MET LIFE $ 855.75
6/8/2001 34424 UNITED HEALTHCARE $ 3,843.14
6/18/2001 34449 JUDCO MANAGEMENT $ 9,250.00
WA Telecommunications Group
6/8/2001 34422 MET LIFE $ 56.93
NACT
6/8/2001 34422 MET LIFE $ 9,258.95
WorldxChange
6/29/2001 34466 ROBERT CARRABIS $ 500.00
6/29/2001 34468 IBM CORPORATION $ 40,000.00
-----------
$265,304.40
-----------
Total WATP Disbursements $ 58,177.38
===========
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHER DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: WA Telcom Products Co., Inc. CASE NUMBER: 01-14635-SPS
DISBURSEMENT LISTING
For the Month Ending: June 30, 2001
Bank: Bank of America
Location: Dallas, TX
Account Name: Payroll Account
Account Number: 03299944407
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT
-------------- ------------ ----------- ------
6/1/2001 Various 6/1/01 WXC Payroll Checks $ 488,983.10
6/8/2001 Various 6/8/01 WXC Payroll Checks $ 25,347.14
6/11/2001 Various 6/11/01 WXC Payroll Checks $ 47,570.13
6/7/2001 Various 6/7/01 NACT Payroll Checks $ 16,066.03
6/21/2001 Various 6/21/01 NACT Payroll Checks $ 16,338.54
6/7/2001 Various 6/7/01 Corp Payroll Checks $ 101,212.50
6/11/2001 Various 6/11/01 Corp Payroll Checks $ 156,432.45
6/21/2001 Various 6/21/01 Corp Payroll Checks $ 164,540.40
-------------
Total $1,016,490.29
Less: World Access, Inc., Facilicom, WA Telecommunications Group, NACT and
WorldxChange disbursements transferred through Net Intercompany
World Access, Inc.
6/7/2001 Various 6/7/01 Corp Payroll Checks $ 101,212.50
6/11/2001 Various 6/11/01 Corp Payroll Checks $ 156,432.45
6/21/2001 Various 6/21/01 Corp Payroll Checks $ 164,540.40
NACT
6/7/2001 Various 6/7/01 NACT Payroll Checks $ 16,066.03
6/21/2001 Various 6/21/01 NACT Payroll Checks $ 16,338.54
WorldxChange
6/1/2001 Various 6/1/01 WXC Payroll Checks $ 488,983.10
6/8/2001 Various 6/8/01 WXC Payroll Checks $ 25,347.14
6/11/2001 Various 6/11/01 WXC Payroll Checks $ 47,570.13
-------------
$1,016,490.29
-------------
Total WATP Disbursements $ --
=============
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHER DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: WA Telcom Products Co., Inc. CASE NUMBER: 01-14635-SPS
DISBURSEMENT LISTING
For the Month Ending: June 30, 2001
Bank: Bank of America
Location: Dallas, TX
Account Name: Payroll Account
Account Number: 0751301149
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHER DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: WA Telcom Products Co., Inc. CASE NUMBER: 01-14635-SPS
DISBURSEMENT LISTING
For the Month Ending: June 30, 2001
Bank: Bank of America
Location: Dallas, TX
Account Name: Unemployment Benefit Plan and Trust
Account Number: 03751255062
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT
-------------- ------------ ----------- --------
6/7/2001 1639 Allan Graf $ 199.43
--------
Total $ 199.43
Less: World Access, Inc., Facilicom, WA Telecommunications Group, NACT and
WorldxChange disbursements transferred through Net Intercompany.
World Access, Inc.
6/7/2001 1639 Allan Graf $ 199.43
--------
Total $ 199.43
--------
Total WATP Disbursements $ --
========
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHER DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: WA Telcom Products Co., Inc. CASE NUMBER: 01-14635-SPS
DISBURSEMENT LISTING
For the Month Ending: June 30, 2001
Bank: Bank of America
Location: Dallas, TX
Account Name: Flexible Spending
Account Number: 03751039615
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT
-------------- ------------ ----------- ------
6/1/2001 CBA FUND $ 581.00
--------
Total $ 581.00
Less: World Access, Inc., Facilicom, WA Telecommunications Group, NACT and
WorldxChange disbursements transferred though Net Intercompany.
World Access, Inc.
6/1/2001 CBA FUND $ 581.00
--------
Total $ 581.00
--------
Total WATP Disbursements $ --
========
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHER DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: WA Telcom Products Co., Inc. CASE NUMBER: 01-14635-SPS
DISBURSEMENT LISTING
For the Month Ending: June 30, 2001
Bank: First Union
Location: Delaware
Account Name: World Access Invesment Corp
Account Number: 2000003341528
DATE DISBURSED DESCRIPTION AMOUNT
-------------- ----------- --------
6/1/2001 Griffin Corp Fees $ 462.14
6/11/2001 Bank Fees $ 24.51
6/29/2001 Griffin Corp Fees $ 455.50
--------
Total WATP Disbursements $ 942.15
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHER DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: WA Telcom Products Co., Inc. CASE NUMBER: 01-14635-SPS
For the Month Ending: June 30, 2001
STATEMENT OF INVENTORY
Beginning Inventory $ --
Add: purchases $ --
Less: goods sold $ --
----
Ending inventory $ --
====
PAYROLL INFORMATION STATEMENT
Gross payroll for this period $ --
Payroll taxes due but unpaid $ --
STATUS OF PAYMENTS TO SECURED CREDITORS AND LESSORS
DATE REGULAR AMOUNT OF NUMBER OF AMOUNT OF
NAME OF CREDITOR/LESSOR PAYMENT IS DUE REGULAR PAYMENT PAYMENTS DELINQUENT PAYMENTS DELINQUENT
----------------------- -------------- --------------- ------------------- -------------------
GE Capital Monthly $ 575.72 2 $ 1,151.44*
Imperial Business Credit Quarterly $ 546.02 0 $ --
North Atlanta Realty Monthly $28,046.00 0 $ --
*Lease is being turned over to attorney's to be rejected.
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: WA Telcom Products Co., Inc. CASE NUMBER: 01-14635-SPS
For the Month Ending: June 30, 2001
STATEMENT OF AGED RECEIVABLES
ACCOUNTS RECEIVABLE
Beginning of month balance $14,081,460.70
Add: sales on account $ --
Less: collections $ 99,703.46
--------------
End of month balance $13,981,757.24
==============
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
--------- ---------- ---------- --------------- ------------------
$ -- $ -- $ -- $ 13,981,757.24 $ 13,981,757.24
STATEMENT OF ACCOUNTS PAYABLE (POST-PETITION)
Beginning of month balance $ --
Add: sales on account $ 89,704.34
Less: payments $ 59,149.53
-----------
End of month balance $ 30,554.81
===========
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
---------- ---------- ---------- ------------ ------------------
$30,554.81 $ -- $ -- $ -- $ 30,554.81
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHER DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: WA Telcom Products Co., Inc. CASE NUMBER: 01-14635-SPS
For the Month Ending: June 30, 2001
TAX QUESTIONNAIRE
Debtors in possession and trustees are required to pay all taxes
incurred after the filing of their Chapter 11 petition on an as due basis.
Please indicate whether the following post petition taxes or withholdings have
been paid currently.
1. Federal income taxes Yes (X) No ( )
2. FICA withholdings Yes (X) No ( )
3. Employee's withholdings Yes (X) No ( )
4. Employer's FICA Yes (X) No ( )
5. Federal unemployment taxes Yes (X) No ( )
6. State income tax Yes (X) No ( )
7. State employee withholdings Yes (X) No ( )
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.
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 (Trustee) declare under penalty of perjury under the laws of the
United States that I have read and I certify that the figures, statements,
disbursement itemizations, and account balances as listed in this Monthly Report
of the Debtor are true and correct as of the date of this report to the best of
my knowledge, information and belief.
/s/ Henry C. Lyon
---------------------------------------
For the Debtor In Possession
Henry C. Lyon
Designated Officer
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: World Access Telecommunications Group CASE NUMBER: 01-14645-SPS
SUMMARY OF CASH RECIEPTS AND CASH DISBURSEMENTS
For the Month Ending June 30, 2001
BEGINNING BALANCE IN ALL ACCOUNTS $487,554.99
RECEIPTS:
1. Receipts from Operations $139,164.87
2. Other Receipts $ 50,604.81
DISBURSEMENTS
3. Net Payroll
a. Officers $ --
b. Others (Paid by Parent) $ --
4. Taxes
a. Federal Income Taxes (Paid by Parent) $ --
b. FICA Withholdings (Paid by Parent) $ --
c. Employee's withholdings $ --
d. Employer's FICA (Paid by Parent) $ --
e. Federal Unemployment Taxes (Paid by Parent) $ --
f. State Income Tax $ --
g. State Employee withholdings $ --
h. All other state taxes (Paid by Parent) $ --
5. Necessary Expenses
a. Rent or mortgage payment(s) $ --
b. Utilities $ --
c. Insurance (Paid by Parent) $ 56.93
d. Merchandise bought for manufacture or sell $ --
e. Other necessary expenses $ --
Employee Expenses $ --
Temporary Help $ --
WorldCom (Paid by Parent) $ --
-----------
TOTAL DISBURSEMENTS $ 56.93
-----------
NET RECEIPTS (DISBURSEMENTS) FOR THE CURRENT PERIOD $189,712.75
NET INTERCOMPANY SWEEP TRANSFERS - FCI $ 53,409.64
NET INTERCOMPANY SWEEP TRANSFERS - WATP $ 47.88
-----------
ENDING BALANCE IN Bank of America 3751607047 $ 6,487.49
ENDING BALANCE IN Bank of America 3751567556 $291,140.81
ENDING BALANCE IN Bank of America 2591500124 $279,781.10
ENDING BALANCE IN 00-2662-5 Bank West $ 1,067.05
ENDING BALANCE IN CNSC-Merrill Lynch $ 383.40
ENDING BALANCE IN CNSC-SW Bank of TX $ 1,365.58
ENDING BALANCE IN CNSC Tax Acct-Bank of West $ 31,050.76
ENDING BALANCE IN Int Transfer-Cash Transfer $ 7,582.95
ENDING BALANCE IN Bank of the West $ 39.06
ENDING BALANCE IN Mexico Bills $ 35.87
ENDING BALANCE IN Merrill Lynch $ 4,876.15
-----------
ENDING BALANCE IN ALL ACCOUNTS $623,810.22
===========
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: World Access Telecommunications Group CASE NUMBER: 01-14645-SPS
RECEIPTS LISTING
For the Month Ending June 30, 2001
Bank: Bank of America
Location: Dallas, TX
Account Name: Customer Connection Analyzed Checking
Account Number: 3751607047
DATE RECEIVED DESCRIPTION AMOUNT
------------- ----------- --------
06/04/01 Thompson Print Solutions $ 334.26
06/04/01 Little Elm Independent School District $ 343.32
06/04/01 Stephen R. Mathers $ 57.69
06/08/01 Sandra Replogle $ 5.64
06/08/01 Gunter First Baptist Church $ 8.85
06/08/01 James W. Fry $ 35.45
06/13/01 Weilbacher & Associates P.C. $ 2.08
06/13/01 Garner Ministries $ 13.35
06/22/01 SNAP Auto Parts, Inc., #4 $ 25.60
--------
$ 826.24
========
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: World Access Telecommunications Group CASE NUMBER: 01-14645-SPS
RECEIPTS LISTING
For the Month Ending June 30, 2001
Bank: Bank of America
Location: Dallas, Texas
Account Name: Customer Connection Analyzed Checking
Account Number: 3751567556
DATE RECEIVED DESCRIPTION AMOUNT
------------- ----------- ------------
06/05/01 Webway Communications LLC $ 73.16
06/08/01 Norbel Telecom Inc. $ 686.28
06/13/01 VarTec $ 134,484.29
06/28/01 SBC Communications, Inc. Refund $ 185.26
------------
Total $ 135,428.99
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: World Access Telecommunications Group CASE NUMBER: 01-14645-SPS
DISBURSEMENT LISTING
For the Month Ending June 30, 2001
Bank: Bank of America
Location: Dallas, TX
Account Name: Customer Connection Analyzed Checking
Account Number: 3751607047
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT
-------------- ------------ ----------- ------
No Disbursements in June $ --
----
Total $ --
====
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: World Access Telecommunications Group CASE NUMBER: 01-14645-SPS
DISBURSEMENT LISTING
For the Month Ending June 30, 2001
Bank: Bank of America
Location: Dallas, TX
Account Name: Customer Connection Analyzed Checking
Account Number: 3751567556
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT
-------------- ------------ ----------- ------
No Disbursements in June $ --
----
Total $ --
====
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: World Access Telecommunications Group CASE NUMBER: 01-14645-SPS
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
----------------------- -------------- --------------- -------------------- -------------------
Lease Obligation for Waterton Printers Square disbursement of $12,784.41 is made by Facilicom International, L.L.C.
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: World Access Telecommunications Group CASE NUMBER: 01-14645-SPS
For the Month Ending June 30, 2001
STATEMENT OF AGED RECEIVABLES
ACCOUNTS RECEIVABLE 3RD PARTY INTERCOMPANY
Beginning of month balance $106,190,816.31 $38,841,437.35
Add: sales on account $ 10,085.65 $ --
Add: intercompany funding $ 25,952.88
Less: collections $ 138,979.61 $ --
--------------- --------------
End of month balance $106,061,922.35 $38,867,390.23
=============== ==============
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
------------ -------------- -------------- -------------- ------------------
$ 564,802.40 $ 5,162,980.31 $18,763,351.96 $81,570,787.68 $ 106,061,922.35
STATEMENT OF ACCOUNTS PAYABLE (POST-PETITION)**
Beginning of month balance $ 2,129,962.79
Add: sales on account $ (1,443.09)
Less: payments $ --
--------------
End of month balance $ 2,128,519.70
==============
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
--------- -------------- ---------- ------------ ------------------
$ -- $ 2,128,519.70 $ -- $ -- $ 2,128,519.70
** The post-petition balances itemized above are subject to customary
audit and review. Furthermore, the post-petition accounts payable
balance at June 30, 2001 does not include $1,624,136 of invoices
received because the debtor has reviewed and disputes the entire
amounts of such invoices.
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: World Access Telecommunications Group CASE NUMBER: 01-14645-SPS
For The Month Ending: June 30, 2001
TAX QUESTIONNAIRE
Debtors in possession and trustees are required to pay all taxes
incurred after the filing of their Chapter 11 petition on an as due basis.
Please indicate whether the following post petition taxes or withholdings have
been paid currently.
1. Federal income taxes Yes (X) No ( )
2. FICA withholdings Yes (X) No ( )
3. Employee's withholdings Yes (X) No ( )
4. Employer's FICA Yes (X) No ( )
5. Federal unemployment taxes Yes (X) No ( )
6. State income tax Yes (X) No ( )
7. State employee withholdings Yes (X) No ( )
8. All other state taxes Yes (X) No ( )
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.
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 (Trustee) declare under penalty of perjury under the laws of the
United States that I have read and I certify that the figures, statements,
disbursement itemizations, and account balances as listed in this Monthly Report
of the Debtor are true and correct as of the date of this report to the best of
my knowledge, information and belief.
/s/ Henry C. Lyon
----------------------------------------
For the Debtor In Possession
Henry C. Lyon
Designated Officer
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: WorldxChange Communications CASE NUMBER: 01-14637-SPS
SUMMARY OF CASH RECEIPTS AND CASH DISBURSEMENTS
For the Month Ending: June 30, 2001
BEGINNING BALANCE IN ALL ACCOUNTS $ 1,696,217.48
RECEIPTS:
1. Receipts from Operations $ 141,017.16
2. Other Receipts $ 317,987.75
I-Link AR Collections and Interest $ 2,711,470.54
DISBURSEMENTS
3. Net Payroll
a. Officers $ 39,555.53
b. Others $ 522,344.84
4. Taxes
a. Federal Income Taxes $ 116,115.22
b. FICA Withholdings $ 52,537.63
c. Employee's withholdings $ --
d. Employer's FICA $ 52,537.65
e. Federal Unemployment Taxes $ 238.61
f. State Income Tax $ 26,662.95
g. State Employee withholdings $ 4,789.78
h. All other state taxes $ 1,154.22
5. Necessary Expenses
a. Rent or mortgage payment(s) $ --
b. Utilities $ --
c. Insurance $ 20,369.21
d. Insurance (Paid by Parent) $ --
e. Merchandise bought for manufacture or sell $ --
f. Other necessary expenses $ --
Equipment Move $ 7,661.92
Employee Expenses $ 3,029.56
Employee Expenses (Paid by Parent) $ 7,937.71
Network Expense $ 847,702.35
Network Expense (Paid by Parent) $ 200,000.00
Garnishments $ 2,864.25
Commissions $ 482,710.06
I-Link Sweeps $ 2,211,139.67
IBM Lease (Paid By Parent) $ 40,000.00
Cisco Lease - Automatic Deduction $ 4,175.73
--------------
TOTAL DISBURSEMENTS $ 4,643,526.89
--------------
NET RECEIPTS (DISBURSEMENTS) FOR THE CURRENT PERIOD $(1,473,051.44)
NET INTERCOMPANY SWEEP TRANSFERS $ 20,772.31
--------------
ENDING BALANCE IN High Mark Treasury $ 8,348.63
ENDING BALANCE IN Operating $ 176,718.50
ENDING BALANCE IN WxC/WAXS $ 23,027.28
ENDING BALANCE IN B of A Checking $ 1,118,844.83
ENDING BALANCE IN Chase Manhattan $ (967,196.74)
ENDING BALANCE IN Foothill $ 1,201.97
ENDING BALANCE IN Petty Cash-Corp $ 1,700.00
ENDING BALANCE IN Petty Cash-Cust Srvs $ 200.00
ENDING BALANCE IN GWB Operating $ 1,206.66
ENDING BALANCE IN UBC Operating $ (114,503.39)
ENDING BALANCE IN UBC Payroll $ --
ENDING BALANCE IN UBC Operating $ (5,909.39)
ENDING BALANCE IN Petty Cash $ 300.00
--------------
ENDING BALANCE $ 243,938.35
==============
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: WorldxChange Communications CASE NUMBER: 01-14637-SPS
DISBURSEMENT LISTING
For the Month Ending: June 30, 2001
Bank: Union Bank of California
Location: San Deigo, CA
Account Name: Checking
Account Number: 891009271
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT
-------------- ------------ ----------- ------
06/01/01 N/A CISCO Lease Payment $ 4,175.73
$ --
----------
Total $ 4,175.73
==========
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: WorldxChange Communications CASE NUMBER: 01-14637-SPS
DISBURSEMENT LISTING
For the Month Ending: June 30, 2001
Bank: Bank of America
Location: Atlanta, GA
Account Name: Checking
Account Number: 3299991275
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT
-------------- ------------ ----------- ------
06/04/01 0000360921 REES, CLIFF $ 1,357.73
06/01/01 0000360914 ABBOTT, VAN $ 64.80
06/15/01 0000362646 ROBERT E. HOLLOWAY $ 850.50
06/01/01 0000360915 THOMPSON, ROBERT $ 195.40
06/13/01 0000362619 VALLIN, LILIANA $ 57.50
06/13/01 0000362620 VALLIN, LILIANA $ 57.50
06/04/01 0000360917 WARNER, MARK $ 446.13
06/04/01 0000360919 MCI $ 7,661.92
06/13/01 0000362621 FRANCHISE TAX BOARD $ 27.00
06/13/01 0000362622 FRANCHISE TAX BOARD $ 186.97
06/13/01 0000362623 FRANCHISE TAX BOARD $ 27.00
06/13/01 0000362624 FRANCHISE TAX BOARD $ 142.61
06/13/01 0000362625 IRS/DEPT OF THE TREASURY $ 50.00
06/13/01 0000362626 IRS/DEPT OF THE TREASURY $ 50.00
06/13/01 0000362627 NEW JERSEY FAMILY SUPPORT $ 151.66
06/13/01 0000362628 NEW JERSEY FAMILY SUPPORT $ 144.75
06/13/01 0000362629 OFFICE OF THE DISTRICT ATTORNEY $ 50.00
06/13/01 0000362630 OFFICE OF THE DISTRICT ATTORNEY $ 75.00
06/13/01 0000362631 OFFICE OF THE DISTRICT ATTORNEY $ 82.76
06/13/01 0000362632 OFFICE OF THE DISTRICT ATTORNEY $ 126.92
06/13/01 0000362633 OFFICE OF THE DISTRICT ATTORNEY $ 126.92
06/13/01 0000362634 OFFICE OF THE DISTRICT ATTORNEY $ 166.00
06/13/01 0000362635 OFFICE OF THE DISTRICT ATTORNEY $ 50.00
06/13/01 0000362636 OFFICE OF THE DISTRICT ATTORNEY $ 69.42
06/13/01 0000362637 OFFICE OF THE DISTRICT ATTORNEY $ 102.24
06/13/01 0000362638 OFFICE OF THE DISTRICT ATTORNEY $ 166.00
06/13/01 0000362639 SAN BERNARDINO CHILD SUPP. $ 422.00
06/13/01 0000362640 SAN BERNARDINO CHILD SUPP. $ 422.00
06/13/01 0000362641 TH BILLINGSLEA, CH 13 TRUSTEE $ 112.50
06/13/01 0000362642 TH BILLINGSLEA, CH 13 TRUSTEE $ 112.50
06/15/01 0000362644 SO CAROLINA DEPT OF REVENUE $ 220.00
06/15/01 0000362650 BELL ATLANTIC 201 H04 1683 996 $ 6,229.26
06/15/01 0000362651 BELL ATLANTIC 202 H55 9002 201 $ 4,870.46
06/15/01 0000362652 AMERITECH 217 S60 8701 515 $ 137.73
06/15/01 0000362653 SWBT 310 080 3936 657 $ 17.77
06/15/01 0000362654 BELL ATLANTIC 412 N52 3065 064 $ 1,905.19
06/15/01 0000362655 BELL ATLANTIC 609 H04 2476 039 $ 3,565.77
06/15/01 0000362656 BELL ATLANTIC 717 N52 3087 086 $ 1,464.70
06/15/01 0000362658 BELL ATLANTIC 814 N52 3040 039 $ 902.15
06/15/01 0000362659 PACIFIC BELL $ 2,449.43
06/15/01 0000362660 PACIFIC BELL $ 1,159.30
06/15/01 0000362662 PACIFIC BELL $ 346.74
06/15/01 0000362663 PACIFIC BELL $ 260.52
06/15/01 0000362664 PACIFIC BELL $ 394.05
06/15/01 0000362665 PACIFIC BELL $ 341.31
06/15/01 0000362666 PACIFIC BELL $ 208.34
06/15/01 0000362667 PACIFIC BELL $ 402.10
06/15/01 0000362668 VERIZON 215 N52 3089 088 $ 2,467.46
06/15/01 0000362669 AMERITECH 217 H01 0220 540 $ 424.23
06/15/01 0000362670 AMERITECH 217 H01 0764 764 $ 455.15
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT
-------------- ------------ ----------- ------
06/15/01 0000363190 US WEST $ 524.86
06/15/01 0000363191 US WEST $ 992.89
06/15/01 0000363192 US WEST $ 323.64
06/15/01 0000363193 US WEST $ 1,001.66
06/15/01 0000363194 US WEST $ 2,645.61
06/15/01 0000363195 US WEST $ 5,764.93
06/15/01 0000363196 US WEST $ 1,977.66
06/15/01 0000363197 US WEST $ 5,502.65
06/15/01 0000363198 US WEST $ 103.26
06/15/01 0000363199 US WEST $ 185.02
06/15/01 0000363200 US WEST $ 360.24
06/15/01 0000363201 US WEST $ 5,727.70
06/15/01 0000363202 US WEST $ 0.28
06/15/01 0000363203 US WEST $ 112.08
06/15/01 0000363204 US WEST $ 32.94
06/15/01 0000363205 US WEST $ 41.92
06/15/01 0000363206 US WEST $ 14.24
06/15/01 0000363207 US WEST $ 314.33
06/15/01 0000363208 US WEST $ 13.03
06/15/01 0000363209 US WEST $ 108.67
06/15/01 0000363210 US WEST $ 53.72
06/15/01 0000363211 SPRINT $ 213.88
06/15/01 0000363212 US WEST $ 43.89
06/15/01 0000363213 US WEST $ 40.06
06/15/01 0000363214 US WEST $ 31.78
06/15/01 0000363215 BELL SOUTH $ 923.78
06/15/01 0000363216 BELL SOUTH $ 918.37
06/15/01 0000363217 BELL SOUTH $ 1,311.74
06/15/01 0000363218 P O BOX 105373 $ 0.16
06/15/01 0000363219 BELL SOUTH $ 0.40
06/15/01 0000363220 BELL SOUTH $ 254.42
06/15/01 0000363221 BELL SOUTH $ 124.13
06/15/01 0000363222 BELL SOUTH $ 0.29
06/15/01 0000363223 BELL SOUTH $ 1,744.24
06/15/01 0000363224 BELL SOUTH $ 337.70
06/15/01 0000363225 BELL SOUTH $ 2.05
06/15/01 0000363226 GTE $ 126.95
06/15/01 0000363227 GTE $ 63.54
06/15/01 0000363228 GTE $ 0.04
06/15/01 0000363229 BELL SOUTH $ 1,357.06
06/15/01 0000363230 BELL SOUTH $ 0.27
06/15/01 0000363231 BELL SOUTH $ 0.86
06/15/01 0000363232 BELL SOUTH $ 5.55
06/15/01 0000363233 BELL SOUTH $ 0.28
06/15/01 0000363235 BELL SOUTH $ 2,830.61
06/15/01 0000363236 BELL SOUTH $ 19.51
06/15/01 0000363237 BELL SOUTH $ 0.85
06/15/01 0000363238 BELL SOUTH $ 6.18
06/15/01 0000363239 BELL SOUTH $ 0.29
06/15/01 0000363240 BELL SOUTH $ 478.93
06/15/01 0000363241 BELL SOUTH $ 52.93
06/15/01 0000363242 BELL SOUTH $ 0.65
06/15/01 0000363243 BELL SOUTH $ 3,838.52
06/15/01 0000363244 BELL SOUTH $ 1.29
06/15/01 0000363245 BELL SOUTH $ 706.04
06/15/01 0000363246 BELL SOUTH $ 0.08
06/15/01 0000363248 BELL SOUTH $ 1,140.58
06/15/01 0000363249 BELL SOUTH $ 0.10
06/15/01 0000363250 BELL SOUTH $ 0.54
06/15/01 0000363251 BELL SOUTH $ 2,221.41
06/15/01 0000363252 BELL SOUTH $ 2,608.77
06/15/01 0000363253 BELL SOUTH $ 800.95
06/15/01 0000363254 BELL SOUTH $ 0.24
06/15/01 0000363255 BELL SOUTH $ 0.04
06/15/01 0000363256 BELL SOUTH $ 0.08
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: WorldxChange Communications CASE NUMBER: 01-14637-SPS
DISBURSEMENT LISTING
For the Month Ending: June 30, 2001
Bank: Union Bank of California
Location: San Diego, CA
Account Name: Zero Balance Master Account
Account Number: 890106749
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT
-------------- ------------ ----------- ----------
06/25/01 ACH Returned Deposit-I-Link $ 35.16
06/26/01 ACH Returned Deposit-I-Link $ 1,699.70
----------
Total $ 1,734.86
==========
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: WorldxChange Communications CASE NUMBER: 01-14637-SPS
DISBURSEMENT LISTING
For the Month Ending: June 30, 2001
Bank: Union Bank of California
Location: San Diego, CA
Account Name: Zero Balance Subsidiary Account
Account Number: 4000146744
Gross payroll for this period $ 815,716.43
Payroll taxes due but unpaid $ --
STATUS OF PAYMENTS TO SECURED CREDITORS AND LESSORS
Number of Amount of
Date regular Amount of Payments Payments
Name of Creditor/Lessor payment is due regular payment Delinquent Delinquent
Imperial Premium Finance 6/17/2001 8,798.52 1 8,798.52
Storage West Self Storage 6/1/2001 209.00 1 209.00
Storage West Self Storage 6/1/2001 99.00 1 99.00
Associated Storage 6/1/2001 2,149.98 1 2,149.98
Bay 602 Corporation 6/1/2001 9,817.39 1 9,817.39
Reynolds Family Properties 6/1/2001 4,448.00 1 4,448.00
Reynolds Family Properties 6/1/2001 23,792.49 1 23,792.49
Doral Plaza Associates 6/1/2001 9,660.00 1 9,660.00
Colonial Parking 6/1/2001 378.00 1 378.00
23223 Bryan St. Limited Partnership 6/1/2001 16,941.16 1 16,941.16
Central Parking Systems 6/1/2001 700.00 1 700.00
Currie Samuelson 6/1/2001 1,200.00 1 1,200.00
Currie Samuelson 6/1/2001 34,516.00 1 34,516.00
Downtown Properties 6/1/2001 10,850.00 1 10,850.00
Hudson Telegraph 6/1/2001 12,206.25 1 12,206.25
Okada International 6/1/2001 2,601.03 1 2,601.03
One Wilshire Arcade Imp 6/1/2001 6,147.03 1 6,147.03
Rockrose Development 6/1/2001 2,848.25 1 2,848.25
Scripps Ranch Landscape 6/1/2001 1,000.00 1 1,000.00
Pacific Guardian Center 6/1/2001 4,707.32 1 4,707.32
Wells Fargo Financial Leasing Co. 6/15/2001 279.88 1 279.88
Newcourt Leasing 6/28/2001 1,871.90 1 1,871.90
Greater San Diego Air 6/1/2001 2,246.00 1 2,246.00
Finova Loan Admin. Inc 6/1/2001 11,825.07 1 11,825.07
CIT Group 6/15/2001 8,117.96 1 8,117.96
Dana Commercial Credit 6/1/2001 14,734.93 1 14,734.93
Danka Financial Services 6/10/2001 16,705.50 1 16,705.50
Danka Financial Services 5/18/2001 378.16 2 756.32
Data Sales Co., Inc 6/1/2001 58,663.13 1 58,663.13
IBM Corporation 6/1/2001 51,052.00 1 51,052.00
Advanta Leasing Services 6/15/2001 1,374.62 1 1,374.62
Premier Computer Sales 6/1/2001 7,151.17 1 7,151.17
Siemens Credit LTD 6/1/2001 45,360.11 2 90,720.22
Telogy, Inc. 5/1/2001 6,482.29 1 6,482.29
Telecommunications Finance Group 5/1/2001 1,013,115.84 2 2,026,231.68
Union Bank of CA., N.A 5/1/2001 61,133.27 1 61,133.27
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: WorldxChange Communications CASE NUMBER: 01-14637-SPS
For the Month Ending: June 30, 2001
STATEMENT OF AGED RECEIVABLES
ACCOUNTS RECEIVABLE 3RD PARTY INTERCOMPANY
-------------- ---------------
Beginning of month balance $39,906,828.67 $476,334,670.91
Add: sales on account $ 1,002,533.73 $ 241,122.80
Add: other I/C transactions $ -- $ 25,270.62
Less: collections $ 140,531.36 $ --
Less: sale of receivables to I-Link $40,768,831.04 $ --
-------------- ---------------
End of month balance $ -- $476,601,064.33
============== ===============
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
--------- ---------- ---------- ------------ ------------------
$ -- $ -- $ -- $ -- $ --
STATEMENT OF ACCOUNTS PAYABLE (POST-PETITION)**
3RD PARTY INTERCOMPANY
------------- -------------
Beginning of month balance $8,150,266.84 $4,895,607.84
Add: credit extended $1,587,857.94 $ --
Less: payments on account $1,609,233.08 $ --
------------- -------------
End of month balance $8,128,891.70 $4,895,607.84
============= =============
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
--------- ---------- ---------- ------------ ------------------
$1,286,124.04 $6,842,767.66 $ -- $ -- $8,128,891.70
** The accounts payable balance at June 30, 2001 itemized above may be reduced
in the future by the assumption of certain contracts by I-Link.
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: WorldxChange Communications CASE NUMBER: 01-14637-SPS
RECEIPTS LISTING
For the Month Ending: June 30, 2001
Bank: Bank of America
Location:
Account Name: World Exchange
Account Number: 3751565312
DATE RECEIVED DESCRIPTION AMOUNT
------------- ----------- ------
06/01/01 LECS $ 42,836.14
06/01/01 Carriers $ 18,854.07
06/01/01 Credit Cards & Prepaid cards $ (10,400.00)
06/04/01 LECS $ --
06/04/01 Carriers $ --
06/04/01 Credit Cards & Prepaid cards $ (2,701.08)
06/05/01 Payroll Tax Funding $ 215,707.75
-------------
Total $ 264,296.88
=============
06/05/01 I-Link AR Collections $ 134,683.84
06/06/01 I-Link AR Collections $ (20.00)
06/07/01 I-Link AR Collections $ 709.83
06/08/01 I-Link AR Collections $ 12,333.48
06/11/01 I-Link AR Collections $ 95,296.00
06/12/01 I-Link AR Collections $ 120,564.76
06/14/01 I-Link AR Collections $ (321.71)
06/15/01 I-Link AR Collections $ 625.13
06/18/01 I-Link AR Collections $ 744.12
06/20/01 I-Link AR Collections $ 196,344.14
06/21/01 I-Link AR Collections $ 483,243.95
06/22/01 I-Link AR Collections $ 61.00
06/25/01 I-Link AR Collections $ (23,810.17)
06/26/01 I-Link AR Collections $ 255.46
06/27/01 I-Link AR Collections $ 8,011.10
06/28/01 I-Link AR Collections $ 551.88
06/29/01 I-Link AR Collections $ 339.90
$1,029,612.71
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: WorldxChange Communications CASE NUMBER: 01-14637-SPS
RECEIPTS LISTING
For the Month Ending: June 30, 2001
Bank: Union Bank of California
Location:
Account Name: World XChange (Foothill Capital Corporation)
Account Number: 700481646
DATE RECEIVED DESCRIPTION AMOUNT
------------- ----------- ------
06/01/01 Carriers $ 86,409.20
06/01/01 Credit Cards & Prepaid cards $ --
06/01/01 Misc & Int. $ 503.34
06/04/01 Carriers $ 5,515.49
06/04/01 Credit Cards & Prepaid cards
06/04/01 Misc & Int.
$ --
--------------
Total $ 92,428.03
==============
06/05/01 I-Link AR Collections $ 22,246.42
06/06/01 I-Link AR Collections $ 788.29
06/07/01 I-Link AR Collections $ 2,370.63
06/11/01 I-Link AR Collections $ 10,820.44
06/12/01 I-Link AR Collections $ 353.95
06/13/01 I-Link AR Collections $ 1,235,026.87
06/14/01 I-Link AR Collections $ 4,826.84
06/15/01 I-Link AR Collections $ 1,862.31
06/18/01 I-Link AR Collections $ 19,558.09
06/19/01 I-Link AR Collections $ 1,715.64
06/20/01 I-Link AR Collections $ 425.84
06/21/01 I-Link AR Collections $ 180.72
06/22/01 I-Link AR Collections $ 550.22
06/25/01 I-Link AR Collections $ 1,060.90
06/26/01 I-Link AR Collections $ 71,642.76
06/27/01 I-Link AR Collections $ 307,197.94
06/28/01 I-Link AR Collections $ 783.51
06/29/01 I-Link AR Collections $ 418.46
$ 1,681,829.83
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: WorldxChange Communications CASE NUMBER: 01-14637-SPS
RECEIPTS LISTING
For the Month Ending: June 30, 2001
Bank: Union Bank of California
Location:
Account Name: World XChange Depository
Account Number: 890009271
DATE RECEIVED DESCRIPTION AMOUNT
------------- ----------- ------
06/21/01 Interest $ 28.00
-------
Total $ 28.00
=======
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHER DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: WorldxChange Communications CASE NUMBER: 01-14637-SPS
For The Month Ending: June 30, 2001
TAX QUESTIONNAIRE
Debtors in possession and trustees are required to pay all taxes
incurred after the filing of their Chapter 11 petition on an as due basis.
Please indicate whether the following post petition taxes or withholdings have
been paid currently.
1. Federal income taxes Yes (X) No ( )
2. FICA withholdings Yes (X) No ( )
3. Employee's withholdings Yes (X) No ( )
4. Employer's FICA Yes (X) No ( )
5. Federal unemployment taxes Yes (X) No ( )
6. State income tax Yes (X) No ( )
7. State employee withholdings Yes (X) No ( )
8. All other state taxes Yes (X) No ( )
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.
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
DECLARATION UNDER PENALTY OF PERJURY
I, Howard R. Hoover, acting as the duly authorized agent for the Debtor in
Possession (Trustee) declare under penalty of perjury under the laws of the
United States that I have read and I certify that the figures, statements,
disbursement itemizations, and account balances as listed in this Monthly
Report of the Debtor are true and correct as of the date of this report to the
best of my knowledge, information and belief.
/s/ Howard R. Hoover
----------------------------------
For the Debtor In Possession
Previous Section