Official Form 425C Monthly Operating Report for Small Business Under Chapter 11 page 1

Official Form 425C 

Monthly Operating Report for Small Business Under Chapter 11 12/17

Month: ___________ Date report filed: ___________ 

MM / DD / YYYY 

Line of business: ________________________ NAISC code: ___________

In accordance with title 28, section 1746, of the United States Code, I declare under penalty of perjury 

that I have examined the following small business monthly operating report and the accompanying 

attachments and, to the best of my knowledge, these documents are true, correct, and complete. 

Responsible party: ____________________________________________ 

Original signature of responsible party ____________________________________________ 

Printed name of responsible party ____________________________________________

1. Questionnaire

Answer all questions on behalf of the debtor for the period covered by this report, unless otherwise indicated.

Yes No N/A 

If you answer No to any of the questions in lines 1-9, attach an explanation and label it Exhibit A. 

1. Did the business operate during the entire reporting period?   

2. Do you plan to continue to operate the business next month?   

3. Have you paid all of your bills on time?   

4. Did you pay your employees on time?   

5. Have you deposited all the receipts for your business into debtor in possession (DIP) accounts?   

6. Have you timely filed your tax returns and paid all of your taxes?   

7. Have you timely filed all other required government filings?   

8. Are you current on your quarterly fee payments to the U.S. Trustee or Bankruptcy Administrator?   

9. Have you timely paid all of your insurance premiums?   

If you answer Yes to any of the questions in lines 10-18, attach an explanation and label it Exhibit B.

10. Do you have any bank accounts open other than the DIP accounts?   

11. Have you sold any assets other than inventory?   

12. Have you sold or transferred any assets or provided services to anyone related to the DIP in any way?   

13. Did any insurance company cancel your policy?   

14. Did you have any unusual or significant unanticipated expenses?   

15. Have you borrowed money from anyone or has anyone made any payments on your behalf?   

16. Has anyone made an investment in your business?   

 Check if this is an 

amended filing

Debtor Name __________________________________________________________________ 

United States Bankruptcy Court for the: _______ District of ________

Case number: _________________________ 

 Fill in this information to identify the case: 
Debtor Name _______________________________________________________ Case number_____________________________________ 

Official Form 425C Monthly Operating Report for Small Business Under Chapter 11 page 2

17. Have you paid any bills you owed before you filed bankruptcy?   

18. Have you allowed any checks to clear the bank that were issued before you filed bankruptcy?   

2. Summary of Cash Activity for All Accounts

19. Total opening balance of all accounts

This amount must equal what you reported as the cash on hand at the end of the month in the previous

month. If this is your first report, report the total cash on hand as of the date of the filing of this case.

$ __________ 

20. Total cash receipts

Attach a listing of all cash received for the month and label it Exhibit C. Include all

cash received even if you have not deposited it at the bank, collections on

receivables, credit card deposits, cash received from other parties, or loans, gifts, or

payments made by other parties on your behalf. Do not attach bank statements in

lieu of Exhibit C.

Report the total from Exhibit C here. $ __________ 

21. Total cash disbursements

Attach a listing of all payments you made in the month and label it Exhibit D. List the

date paid, payee, purpose, and amount. Include all cash payments, debit card

transactions, checks issued even if they have not cleared the bank, outstanding

checks issued before the bankruptcy was filed that were allowed to clear this month,

and payments made by other parties on your behalf. Do not attach bank statements

in lieu of Exhibit D.

Report the total from Exhibit D here.

- $ __________

22. Net cash flow

Subtract line 21 from line 20 and report the result here.

This amount may be different from what you may have calculated as net profit.

+ $ __________

23. Cash on hand at the end of the month

Add line 22 + line 19. Report the result here.

Report this figure as the cash on hand at the beginning of the month on your next operating report.

This amount may not match your bank account balance because you may have outstanding checks that

have not cleared the bank or deposits in transit.

= $ __________

3. Unpaid Bills

Attach a list of all debts (including taxes) which you have incurred since the date you filed bankruptcy but 

have not paid. Label it Exhibit E. Include the date the debt was incurred, who is owed the money, the 

purpose of the debt, and when the debt is due. Report the total from Exhibit E here.

24. Total payables $ ____________

(Exhibit E) 
Debtor Name _______________________________________________________ Case number_____________________________________ 

Official Form 425C Monthly Operating Report for Small Business Under Chapter 11 page 3

4. Money Owed to You

Attach a list of all amounts owed to you by your customers for work you have done or merchandise you 

have sold. Include amounts owed to you both before, and after you filed bankruptcy. Label it Exhibit F. 

Identify who owes you money, how much is owed, and when payment is due. Report the total from 

Exhibit F here. 

25. Total receivables $ ____________

(Exhibit F)

5. Employees

26. What was the number of employees when the case was filed? ____________

27. What is the number of employees as of the date of this monthly report? ____________

6. Professional Fees

28. How much have you paid this month in professional fees related to this bankruptcy case? $ ____________

29. How much have you paid in professional fees related to this bankruptcy case since the case was filed? $ ____________

30. How much have you paid this month in other professional fees? $ ____________ 

31. How much have you paid in total other professional fees since filing the case? $ ____________

7. Projections

Compare your actual cash receipts and disbursements to what you projected in the previous month. 

Projected figures in the first month should match those provided at the initial debtor interview, if any. 

Column A Column B Column C

Projected – Actual = Difference 

Copy lines 35-37 from 

the previous month’s 

report. 

Copy lines 20-22 of

this report.

Subtract Column B 

from Column A. 

32. Cash receipts $ ____________ – $ ____________ = $ ____________

33. Cash disbursements $ ____________ – $ ____________ = $ ____________

34. Net cash flow $ ____________ – $ ____________ = $ ____________

35. Total projected cash receipts for the next month: $ ____________

36. Total projected cash disbursements for the next month: - $ ____________

37. Total projected net cash flow for the next month: = $ ____________

Retainer paid Katz Abosch as approved by the 

court
Debtor Name _______________________________________________________ Case number_____________________________________ 

Official Form 425C Monthly Operating Report for Small Business Under Chapter 11 page 4

8. Additional Information

If available, check the box to the left and attach copies of the following documents.

 38. Bank statements for each open account (redact all but the last 4 digits of account numbers). 

 39. Bank reconciliation reports for each account. 

 40. Financial reports such as an income statement (profit & loss) and/or balance sheet. 

 41. Budget, projection, or forecast reports. 

 42. Project, job costing, or work-in-progress reports. 
 8/8/19 Insignia Technology Services, LLC

Deposit Detail

July 1-31, 2019

Exhibit C

SUBJECT: Cash Receipts Cash Receipts 3,773,523.70 $ 

Period: July 1, 2019 to July 31, 2019 Less Transfers 0.78 $ 

Last Updated: August 8, 2019 Actual Cash Receipts 3,773,522.92 $ 

1009 ꞏ Insignia OP DIP 9370

Type Num Date Name Memo Account Clr Amount

Payment T4NG7022 07/02/2019 13.01.540007.01-EVSS OY1 1200 ꞏ Accounts Receivable √ $ 446,599.32

Payment ICON0060 07/02/2019 13.01.550004.04-iContent OY 4 1200 ꞏ Accounts Receivable √ $ 17,048.53

General Journal 2515 07/02/2019 Payroll Tax Deposit Reimbursement for 6035 ꞏ Payroll Tax Expense √ $ 501.38

Deposit 1 07/05/2019 Payroll Tax Deposit Deposit 6035 ꞏ Payroll Tax Expense √ $ 4,907.03

Payment T4NG4029 07/12/2019 13.01.540004.02-OI&T ITOPS IO IT Srvc O2 1200 ꞏ Accounts Receivable √ $ 137,130.03

Payment T4NG4030 07/12/2019 13.01.540004.02-OI&T ITOPS IO IT Srvc O2 1200 ꞏ Accounts Receivable √ $ 137,130.03

Payment TF3I0016 17 07/15/2019 12.01.100017.00- AF (F3I) 1200 ꞏ Accounts Receivable √ $ 91,590.00

Payment T4NG2035 07/15/2019 13.01.540002.01-AACS OP2 1200 ꞏ Accounts Receivable √ $ 13,080.02

Payment T4NG2036 07/15/2019 13.01.540002.01-AACS OP2 1200 ꞏ Accounts Receivable √ $ 13,080.02

Payment ICON0061 07/18/2019 :13.01.550004.04-iContent OY 4 1200 ꞏ Accounts Receivable √ $ 17,048.53

Payment HCIDM0063 07/18/2019 13.01.100017.04-HCIdM OY 4 1200 ꞏ Accounts Receivable √ $ 88,302.24

Payment HCIDM0064 07/18/2019 13.01.100017.04-HCIdM OY 4 1200 ꞏ Accounts Receivable √ $ 88,302.24

Payment T4NG110007 07/18/2019 13.01.540011.00-ISPPM Support BY 1200 ꞏ Accounts Receivable √ $ 97,739.19

Payment T4NG110008 07/18/2019 13.01.540011.00-ISPPM Support BY 1200 ꞏ Accounts Receivable √ $ 97,739.19

Payment T4NG10007 07/18/2019 13.01.540010.00-NBEKRSS BY 1200 ꞏ Accounts Receivable √ $ 99,420.60

Payment T4NG10008 07/18/2019 13.01.540010.00-NBEKRSS BY 1200 ꞏ Accounts Receivable √ $ 99,420.60

Payment T4NG6023 07/18/2019 13.01.540006-Enterprise Architecture 1200 ꞏ Accounts Receivable √ $ 1,107,320.76

Payment T4NG2037 07/22/2019 13.01.540002.01-AACS OP2 1200 ꞏ Accounts Receivable √ $ 13,080.02

Deposit 2 07/23/2019 Payroll Tax Deposit Deposit 6035 ꞏ Payroll Tax Expense √ $ 1.59

Payment T4NG5022 07/25/2019 13.01.540005.01-CAATS Sustainment OY 1 1200 ꞏ Accounts Receivable √ $ 20,224.85

Payment T4NG5023 07/25/2019 13.01.540005.01-CAATS Sustainment OY 1 1200 ꞏ Accounts Receivable √ $ 20,233.70

Payment T4NG8020 07/25/2019 13.01.540008.02-Denver Replacement Hospit 1200 ꞏ Accounts Receivable √ $ 65,754.58

Payment T4NG8021 07/25/2019 13.01.540008.02-Denver Replacement Hospit 1200 ꞏ Accounts Receivable √ $ 65,783.35

Payment T4NG7021 07/26/2019 13.01.540007.01-EVSS OY1 1200 ꞏ Accounts Receivable √ $ 446,599.32

Payment T4NG7023 07/26/2019 13.01.540007.01-EVSS OY1 1200 ꞏ Accounts Receivable √ $ 446,599.32

Deposit 3 07/26/2019 Payroll Tax Deposit Deposit -SPLIT- √ $ 20,548.16

Payment FMBT001R, 002 07/29/2019 13.01.300019.00-FMBT PMO BY FFP 1200 ꞏ Accounts Receivable √ $ 114,956.40

$ 3,770,141.00

1011 ꞏ Cap One Check DIP 9084

Type Num Date Name Memo Account Clr Amount

Transfer 1 07/03/2019 Transfer Funds Transfer 1008 ꞏ Insignia Savings Account 8 √ $ 0.78

Deposit 1 07/31/2019 Interest Income Deposit 9100 ꞏ Interest Income √ $ 3,381.92

$ 3,382.70

Total Deposited: 

Total Deposited: 
 8/8/19 Insignia Technology Services, LLC

 Cash Disbursements

July 1 - 31, 2019

Exhibit D

SUBJECT: Insignia Cash Disbursements Total Cash Disbursements $ (1,641,256.01)

Period: July 1, 2019 to July 31, 2019 (Accural Basis) Less Transfers (0.78) $ 

Last Updated: August 8, 2019 Net Cash Disbursements (1,641,255.23) $ 

Account Original Amount

9370 (1,641,255.23) $ 

8877 (0.78) $ 

Total Cash Basis Disbursements (1,641,256.01) $ 

Withdrawals and other Debits

Account Type Num Date Check 

was written

Name Account Original Amount

9370 Bill Pmt -Check ACH 07/01/2019 Capital One 1009 ꞏ Insignia OP DIP 9370 (5,185.64) $ 

9370 General Journal PR070519 07/05/2019 Paydate 7/5/19 1009 ꞏ Insignia OP DIP 9370 (286,940.09) $ 

9370 General Journal PR070519 07/05/2019 Paydate 7/5/19 1009 ꞏ Insignia OP DIP 9370 (124,562.65) $ 

9370 Bill Pmt -Check ACH 07/08/2019 BENEFLEX 1009 ꞏ Insignia OP DIP 9370 (2,137.75) $ 

9370 Bill Pmt -Check ACH 07/10/2019 Optum Bank 1009 ꞏ Insignia OP DIP 9370 (52.25) $ 

9370 Bill Pmt -Check ACH 07/11/2019 Alerus Financial 1009 ꞏ Insignia OP DIP 9370 (22,407.13) $ 

9370 Check ACH 07/15/2019 Capital One 1009 ꞏ Insignia OP DIP 9370 (8, $ 386.39)

9370 Bill Pmt -Check ACH 07/16/2019 Optum Bank 1009 ꞏ Insignia OP DIP 9370 (8,207.08) $ 

9370 Bill Pmt -Check ACH 07/16/2019 FRED O'BRIEN 1009 ꞏ Insignia OP DIP 9370 (11,456.85) $ 

9370 Bill Pmt -Check ACH 07/18/2019 Akshita Tek Systems, Inc. 1009 ꞏ Insignia OP DIP 9370 (15,200.00) $ 

9370 Bill Pmt -Check ACH 07/18/2019 CACI Enterprise Solutions, Inc. 1009 ꞏ Insignia OP DIP 9370 (229,813.08) $ 

9370 Bill Pmt -Check ACH 07/18/2019 FRED O'BRIEN 1009 ꞏ Insignia OP DIP 9370 (11,456.85) $ 

9370 Bill Pmt -Check ACH 07/18/2019 Laura Smith 1009 ꞏ Insignia OP DIP 9370 (137.50) $ 

9370 Bill Pmt -Check ACH 07/18/2019 PKS, LLC 1009 ꞏ Insignia OP DIP 9370 (13,950.00) $ 

9370 Bill Pmt -Check ACH 07/18/2019 Global Insights + Solutions LLC 1009 ꞏ Insignia OP DIP 9370 (1,005.39) $ 

9370 Bill Pmt -Check ACH 07/18/2019 EA Frameworks, LLC 1009 ꞏ Insignia OP DIP 9370 (20,700.80) $ 

9370 Bill Pmt -Check ACH 07/18/2019 VAIL Technologies, LLC 1009 ꞏ Insignia OP DIP 9370 (18,052.32) $ 

9370 Bill Pmt -Check ACH 07/19/2019 AFLAC 1009 ꞏ Insignia OP DIP 9370 (1,019.30) $ 

9370 Bill Pmt -Check ACH 07/19/2019 BENEFLEX 1009 ꞏ Insignia OP DIP 9370 (1,990.78) $ 

9370 Bill Pmt -Check ACH 07/19/2019 InQuisient 1009 ꞏ Insignia OP DIP 9370 (20,115.00) $ 

9370 Bill Pmt -Check ACH 07/19/2019 Kinetic Solutions, LLC 1009 ꞏ Insignia OP DIP 9370 (15,200.00) $ 

9370 Bill Pmt -Check ACH 07/19/2019 Leading Strategy, Inc. 1009 ꞏ Insignia OP DIP 9370 (14,440.00) $ 

9370 Bill Pmt -Check ACH 07/19/2019 Zeva Incorporated 1009 ꞏ Insignia OP DIP 9370 (26,696.00) $ 

9370 General Journal PR071919 07/19/2019 Paydate 7/19/19 1009 ꞏ Insignia OP DIP 9370 (300,494.94) $ 

9370 General Journal PR071919 07/19/2019 Paydate 7/19/19 1009 ꞏ Insignia OP DIP 9370 (128,715.36) $ 

9370 Bill Pmt -Check ACH 07/19/2019 Optum Bank 1009 ꞏ Insignia OP DIP 9370 (6,001.41) $ 

9370 Bill Pmt -Check ACH 07/19/2019 IGES, LLC 1009 ꞏ Insignia OP DIP 9370 (20,700.80) $ 

9370 Bill Pmt -Check ACH 07/24/2019 KatzABosch 1009 ꞏ Insignia OP DIP 9370 (20,000.00) $ 

9370 Bill Pmt -Check ACH 07/25/2019 Alerus Financial 1009 ꞏ Insignia OP DIP 9370 (23,446.72) $ 

9370 Check ACH 07/29/2019 Capital One 1009 ꞏ Insignia OP DIP 9370 (1, $ 315.17)

9370 Bill Pmt -Check ACH 07/30/2019 Alerus Financial 1009 ꞏ Insignia OP DIP 9370 (22,808.54) $ 

Total Withdrawals and Debits $ (1,382,595.79)

 Page 1 of 3
 8/8/19 Insignia Technology Services, LLC

 Cash Disbursements

July 1 - 31, 2019

Exhibit D

SUBJECT: Insignia Cash Disbursements Total Cash Disbursements $ (1,641,256.01)

Period: July 1, 2019 to July 31, 2019 (Accural Basis) Less Transfers (0.78) $ 

Last Updated: August 8, 2019 Net Cash Disbursements (1,641,255.23) $ 

Account Original Amount

9370 (1,641,255.23) $ 

8877 (0.78) $ 

Total Cash Basis Disbursements (1,641,256.01) $ 

Checks

Account Type Num Date Check 

was written

Name Account Original Amount

9370 Bill Pmt -Check 1066 07/05/2019 Bernstein Management Corporation 1009 ꞏ Insignia OP DIP 9370 (3,758.83) $ 

9370 Bill Pmt -Check 1067 07/05/2019 PCT LLC 1009 ꞏ Insignia OP DIP 9370 (10,159.26) $ 

9370 Bill Pmt -Check 1068 07/05/2019 STH, LLC 1009 ꞏ Insignia OP DIP 9370 (1,726.67) $ 

9370 Bill Pmt -Check 1069 07/11/2019 Costco 1009 ꞏ Insignia OP DIP 9370 (741.27) $ 

9370 Bill Pmt -Check 1070 07/18/2019 MARYLAND CHILD SUPPORT ENF1009 ꞏ Insignia OP DIP 9370 (1,487.08) $ 

9370 Bill Pmt -Check 1071 07/18/2019 NJ Support Payment Center 1009 ꞏ Insignia OP DIP 9370 (1,832.00) $ 

9370 Bill Pmt -Check 1072 07/18/2019 Ally Bank 1009 ꞏ Insignia OP DIP 9370 (293.65) $ 

9370 Bill Pmt -Check 1073 07/18/2019 BENEFLEX 1009 ꞏ Insignia OP DIP 9370 (807.20) $ 

9370 Bill Pmt -Check 1074 07/18/2019 Checkr Inc. 1009 ꞏ Insignia OP DIP 9370 (70.00) $ 

9370 Bill Pmt -Check 1075 07/18/2019 City of Newport News 1009 ꞏ Insignia OP DIP 9370 (420.25) $ 

9370 Bill Pmt -Check 1076 07/18/2019 COMCAST 1009 ꞏ Insignia OP DIP 9370 (192.11) $ 

9370 Bill Pmt -Check 1077 07/18/2019 Cox Communications 1009 ꞏ Insignia OP DIP 9370 (285.99) $ 

9370 Bill Pmt -Check 1078 07/18/2019 Dominion Energy South Carolina 1009 ꞏ Insignia OP DIP 9370 (159.90) $ 

9370 Bill Pmt -Check 1079 07/18/2019 Dominion Energy Virginia 1009 ꞏ Insignia OP DIP 9370 (1,257.69) $ 

9370 Bill Pmt -Check 1080 07/18/2019 EGGLESTON SERVICES 1009 ꞏ Insignia OP DIP 9370 (45.00) $ 

9370 Bill Pmt -Check 1081 07/18/2019 Great America Financial Svcs 1009 ꞏ Insignia OP DIP 9370 (440.98) $ 

9370 Bill Pmt -Check 1082 07/18/2019 HRSD 1009 ꞏ Insignia OP DIP 9370 (10.06) $ 

9370 Bill Pmt -Check 1083 07/18/2019 LegalShield 1009 ꞏ Insignia OP DIP 9370 (355.00) $ 

9370 Bill Pmt -Check 1084 07/18/2019 Light's Lock & Key 1009 ꞏ Insignia OP DIP 9370 (382.00) $ 

9370 Bill Pmt -Check 1085 07/18/2019 Metlife 1009 ꞏ Insignia OP DIP 9370 (6,145.20) $ 

9370 Bill Pmt -Check 1086 07/18/2019 Mutual of Omaha 1009 ꞏ Insignia OP DIP 9370 (4,543.47) $ 

9370 Bill Pmt -Check 1087 07/18/2019 NJ E-Z Pass 1009 ꞏ Insignia OP DIP 9370 (54.60) $ 

9370 Bill Pmt -Check 1088 07/18/2019 PERRY JOHNSON REGISTRARS IN 1009 ꞏ Insignia OP DIP 9370 (1,910.50) $ 

9370 Bill Pmt -Check 1089 07/18/2019 Powers Business Machines, Inc. 1009 ꞏ Insignia OP DIP 9370 (184.49) $ 

9370 Bill Pmt -Check 1090 07/18/2019 State Corporation Commission 1009 ꞏ Insignia OP DIP 9370 (50.00) $ 

9370 Bill Pmt -Check 1091 07/18/2019 The Hartford 1009 ꞏ Insignia OP DIP 9370 (2,357.97) $ 

9370 Bill Pmt -Check 1092 07/18/2019 U.S. Trustee Payment Center 1009 ꞏ Insignia OP DIP 9370 (7.95) $ 

9370 Bill Pmt -Check 1093 07/18/2019 UHS Premium Billing 1009 ꞏ Insignia OP DIP 9370 (140,593.25) $ 

9370 Bill Pmt -Check 1094 07/18/2019 Vision Service Plan 1009 ꞏ Insignia OP DIP 9370 (900.46) $ 

9370 Bill Pmt -Check 1095 07/18/2019 WOW! 1009 ꞏ Insignia OP DIP 9370 (104.98) $ 

9370 Bill Pmt -Check 1096 07/18/2019 PAYCHEX 1009 ꞏ Insignia OP DIP 9370 (496.87) $ 

9370 Bill Pmt -Check 1097 07/18/2019 Sprezzatura 1009 ꞏ Insignia OP DIP 9370 (14,844.80) $ 

9370 Bill Pmt -Check 1098 07/18/2019 PAYCHEX 1009 ꞏ Insignia OP DIP 9370 (931.00) $ 

9370 Bill Pmt -Check 1099 07/18/2019 VERIZON WIRELESS 1009 ꞏ Insignia OP DIP 9370 (3,394.43) $ 

9370 Bill Pmt -Check 1100 07/18/2019 Virginia Natural Gas 1009 ꞏ Insignia OP DIP 9370 (21.88) $ 

9370 Bill Pmt -Check 1101 07/26/2019 U.S. Trustee Payment Center 1009 ꞏ Insignia OP DIP 9370 (57,299.00) $ 

Total Checks (258,265.79) $ 

 Page 2 of 3
 8/8/19 Insignia Technology Services, LLC

 Cash Disbursements

July 1 - 31, 2019

Exhibit D

SUBJECT: Insignia Cash Disbursements Total Cash Disbursements $ (1,641,256.01)

Period: July 1, 2019 to July 31, 2019 (Accural Basis) Less Transfers (0.78) $ 

Last Updated: August 8, 2019 Net Cash Disbursements (1,641,255.23) $ 

Account Original Amount

9370 (1,641,255.23) $ 

8877 (0.78) $ 

Total Cash Basis Disbursements (1,641,256.01) $ 

Outstanding Checks

Account Type Num Date Check 

was written

Name Account Original Amount

9370 Bill Pmt -Check 1102 07/26/2019 BENEFLEX 1009 ꞏ Insignia OP DIP 9370 (109.60) $ 

9370 Bill Pmt -Check 1103 07/26/2019 HRSD 1009 ꞏ Insignia OP DIP 9370 (22.85) $ 

9370 Bill Pmt -Check 1104 07/26/2019 NEWPORT NEWS WATERWORKS 1009 ꞏ Insignia OP DIP 9370 (128.37) $ 

9370 Bill Pmt -Check 1105 07/26/2019 Virginia Natural Gas 1009 ꞏ Insignia OP DIP 9370 (16.95) $ 

9370 Bill Pmt -Check 1106 07/26/2019 WOW! 1009 ꞏ Insignia OP DIP 9370 (115.88) $ 

Outstanding: (393.65) $ 

Total 9370 $ (1,641,255.23)

Transfers

Account Type Num Date Check 

was written

Name Account Original Amount

8877 Transfer ACH 07/03/2019 1008 ꞏ Insignia Savings Acount 8877 (0.78) $ 

$ (0.78)

Total 8877 $ (0.78)

 Page 3 of 3
 12:19 PM

 08/09/19 Insignia Technology Services, LLC

 A/P Aging Detail

 As of July 31, 2019

Accounts Payable Listing 

As of July 31, 2019 $ 1,771,595.52

$ 32,849.78

$ (12,625.75)

$ 1,791,819.55

Post Petition Accounts Payable

Petition Type Date Num Name Due Date Open Balance

POST Bill 07/15/2019 668525-193 Alerus Financial 07/25/2019 3,463.06 $ 

POST Bill 07/17/2019 Mazda- July 2019 Ally Bank 08/16/2019 293.65 $ 

POST Bill 07/03/2019 19060035409 Bank of America- Account Analysis 08/02/2019 2.36 $ 

POST Bill 07/25/2019 CHS 6/20 to 7/23/19 Dominion Energy South Carolina 08/14/2019 194.60 $ 

POST Bill 04/17/2019 2348955-2 Fox Rothschild LLP 05/17/2019 6,924.31 $ 

POST Bill 07/15/2019 25171992 Great America Financial Svcs 08/09/2019 202.30 $ 

POST Bill 07/31/2019 25274614 Great America Financial Svcs 08/25/2019 148.68 $ 

POST Bill 05/06/2019 072806-00004-287426 JONES, BLECHMAN, WOLTZ & KELLY, P.C 05/16/2019 380.00 $ 

POST Bill 05/06/2019 072806-00022-287431 JONES, BLECHMAN, WOLTZ & KELLY, P.C 05/16/2019 150.00 $ 

POST Bill 05/06/2019 072806-00025-287425 JONES, BLECHMAN, WOLTZ & KELLY, P.C 06/05/2019 4,265.00 $ 

POST Bill 05/06/2019 072806-00028-287432 JONES, BLECHMAN, WOLTZ & KELLY, P.C 06/05/2019 1,340.00 $ 

POST Bill 05/06/2019 072806-00031-287428 JONES, BLECHMAN, WOLTZ & KELLY, P.C 05/16/2019 160.00 $ 

POST Bill 07/15/2019 00040-2 PKS, LLC 07/30/2019 4,882.50 $ 

POST Bill 07/30/2019 446886 Powers Business Machines, Inc. 08/09/2019 121.12 $ 

POST Bill 07/31/2019 Insignia3 The Russo Group 08/30/2019 8,800.00 $ 

POST Bill 07/07/2019 9833605787 VERIZON WIRELESS 07/27/2019 1,522.20 $ 

Total Post Petition Accounts Payable $ 32,849.78

Petition Type Date Num Name Due Date Open Balance

POST Bill Pmt -Check 02/27/2019 5593 Brown & Edwards CPA $ (10,000.00)

POST Bill Pmt -Check 04/05/2019 5663 SELMAN & COMPANY $ (489.50)

POST Bill Pmt -Check 03/19/2019 ACH Cinderella's Plan B, LLC $ (807.50)

POST Bill Pmt -Check 03/19/2019 ACH Cinderella's Plan B, LLC $ (1,253.75)

POST Bill Pmt -Check 03/22/2019 ACH TapRoot Solutions, Inc. (75.00) $ 

Total erroneous Payment of Pre-petition claims requested repaid, but still outstanding $ (12,625.75)

Petition Type Date Num Name Due Date Open Balance

PRE Bill 01/30/2019 DIP 993091231 ADOBE SYSTEMS, INC 03/01/2019 431.68 $ 

PRE Bill 03/04/2019 DIP 01/2019 Akshita Tek Systems, Inc. 03/19/2019 $ 16,720.00

PRE Bill 03/06/2019 DIP 02/2019 Akshita Tek Systems, Inc. 03/21/2019 $ 14,440.00

PRE Bill 03/04/2019 DIP 03/2018-1 Akshita Tek Systems, Inc. 03/19/2019 760.00 $ 

PRE Bill 04/09/2019 DIP 3/2019-1 Akshita Tek Systems, Inc. 04/24/2019 760.00 $ 

PRE Bill 03/17/2019 DIP 0001 Ally Bank 04/05/2019 293.65 $ 

PRE Bill 02/07/2019 DIP AA01955485 Apple Inc. 03/09/2019 5,708.10 $ 

PRE Bill 02/07/2019 DIP AA01966878 Apple Inc. 03/09/2019 1,487.80 $ 

PRE Bill 02/07/2019 DIP AA02004950 Apple Inc. 03/09/2019 641.30 $ 

PRE Bill 01/30/2019 DIP 1217330 Brown & Edwards CPA 01/30/2019 20,000.00 $ 

PRE Bill 12/01/2018 DIP 0015 CACI Enterprise Solutions, Inc. 12/31/2018 193,627.64 $ 

PRE Bill 12/01/2018 DIP 0016 CACI Enterprise Solutions, Inc. 12/31/2018 237,232.30 $ 

PRE Bill 01/04/2019 DIP 0018 CACI Enterprise Solutions, Inc. 02/03/2019 253,057.99 $ 

PRE Bill 03/25/2019 DIP INV-0002569287 CACI Enterprise Solutions, Inc. 04/24/2019 294,361.58 $ 

PRE Bill 03/15/2019 DIP INV-0002592302 CACI Enterprise Solutions, Inc. 04/14/2019 276,973.09 $ 

PRE Bill 04/10/2019 DIP INV-0002636619 CACI Enterprise Solutions, Inc. 05/10/2019 13,531.44 $ 

PRE Bill 04/12/2019 DIP-INV0002317108 CACI Enterprise Solutions, Inc. 05/12/2019 21,011.54 $ 

PRE Bill 04/19/2019 DIPBPC150002647-2018 Charleston County Treasurer 04/29/2019 133.84 $ 

PRE Bill 03/07/2019 DIP 11 Cinderella's Plan B, LLC 03/17/2019 1,253. $ 75

PRE Bill 03/06/2019 DIP 12 Cinderella's Plan B, LLC 03/16/2019 807.50 $ 

PRE Bill 05/01/2019 DIP Acura 19 pp tax City of Newport News 06/05/2019 154.32 $ 

PRE Bill 05/01/2019 DIP BusEquip 2019 #1 City of Newport News 06/05/2019 1,169.95 $ 

PRE Bill 06/06/2019 DIPMazda pp tax 2019 City of Newport News 06/16/2019 86.86 $ 

PRE Bill 02/04/2019 DIP 430117407 Dell Business Credit 03/01/2019 15, $ 296.55

PRE Bill 02/04/2019 DIP 797 EA Frameworks, LLC 03/06/2019 20,700.80 $ 

PRE Bill 03/04/2019 DIP 798 EA Frameworks, LLC 04/03/2019 19,611.28 $ 

PRE Bill 02/26/2019 DIP 2325486 Fox Rothschild LLP 03/08/2019 15,904. $ 00

PRE Bill 04/17/2019 DIP 2348955-1 Fox Rothschild LLP 05/17/2019 3,016 $ .57

PRE Bill 01/31/2019 DIP INS-003-07 Global Insights + Solutions LLC 03/02/2019 19,102.40 $ 

PRE Bill 03/04/2019 DIP INS-003-08 Global Insights + Solutions LLC 04/03/2019 18,097.01 $ 

PRE Bill 04/04/2019 DIP G2702511 HireRight, LLC 05/04/2019 120.62 $ 

PRE Bill 02/06/2019 DIP VA-19 IGES, LLC 03/08/2019 2,070.08 $ 

PRE Bill 03/05/2019 DIP VA-20 IGES, LLC 04/04/2019 20,700.80 $ 

PRE Bill 04/09/2019 DIP VA-21 IGES, LLC 05/09/2019 985.75 $ 

PRE Bill 04/16/2019 DIP Q4 2018 ILLINOIS DEPT OF EMPLOYMENT SECURITY 04/30/2019 50.00 $ 

PRE Bill 01/31/2019 DIP 1148 InQuisient 03/02/2019 18,765.00 $ 

PRE Bill 04/09/2019 DIP 1151 InQuisient 05/09/2019 21,600.00 $ 

Erroneous Payment of Pre-petition claims requested repaid, but still outstanding

Pre-petition Accounts Payable

Pre-Petition AP

Post Petition AP

Erroneus Payments due to repaid

Total AP

 Page 1 of 2
 12:19 PM

 08/09/19 Insignia Technology Services, LLC

 A/P Aging Detail

 As of July 31, 2019

PRE Bill 04/09/2019 DIP 1154 InQuisient 05/09/2019 1,350.00 $ 

PRE Bill 01/07/2019 DIP 285330 JONES, BLECHMAN, WOLTZ & KELLY, P.C. 02/06/2019 400.00 $ 

PRE Bill 01/31/2019 DIP ITS013119 Kinetic Solutions, LLC 03/02/2019 1 $ 6,720.00

PRE Bill 03/08/2019 DIP ITS022819 Kinetic Solutions, LLC 04/07/2019 1 $ 5,200.00

PRE Bill 04/10/2019 DIP ITS033119-1 Kinetic Solutions, LLC 05/10/2019 760.00 $ 

PRE Bill 01/31/2019 DIP 20119-1 Leading Strategy, Inc. 03/02/2019 9,1 $ 20.00

PRE Bill 04/10/2019 DIP 20219 Leading Strategy, Inc. 05/10/2019 15,20 $ 0.00

PRE Bill 04/10/2019 DIP 20319-1 Leading Strategy, Inc. 05/10/2019 760 $ .00

PRE Bill 01/25/2019 DIP 21105 Linebarger Goggan Blair & Simpson, LLP 02/04/2019 217.61 $ 

PRE Bill 02/11/2019 DIP ITS-10213 Magnum Multimedia, Inc. 03/13/2019 $ 6,764.42

PRE Bill 05/17/2019 DIP Elec 12/4-3/3 PCT LLC 05/17/2019 1,035.88 $ 

PRE Bill 03/01/2019 DIP Rent-3/2019 PCT LLC 03/01/2019 10,159.26 $ 

PRE Bill 01/31/2019 DIP 00035-01 PKS, LLC 02/15/2019 558.00 $ 

PRE Bill 03/08/2019 DIP 00035-2 PKS, LLC 03/23/2019 2,945.00 $ 

PRE Bill 03/04/2019 DIP 00036-01 PKS, LLC 03/19/2019 3,487.50 $ 

PRE Bill 04/23/2019 DIP 00036-2-01 PKS, LLC 05/08/2019 697.50 $ 

PRE Bill 01/06/2019 DIP IT-002 SDA Solutions, LLC 02/05/2019 187.82 $ 

PRE Bill 01/31/2019 DIP IT-003 SDA Solutions, LLC 01/31/2019 4,413.77 $ 

PRE Bill 03/06/2019 DIP IT-004 SDA Solutions, LLC 04/05/2019 6,198.06 $ 

PRE Bill 03/25/2019 DIP 2154901 SELMAN & COMPANY 03/25/2019 489.50 $ 

PRE Bill 03/08/2019 DIP 18-157 Sprezzatura 03/08/2019 15,587.04 $ 

PRE Bill 03/11/2019 DIP 19-010 Sprezzatura 03/11/2019 14,102.56 $ 

PRE Bill 05/02/2019 DIP 19-022 Sprezzatura 05/02/2019 742.24 $ 

PRE Bill 03/01/2019 DIP Rent- CHS Mar 19 STH, LLC 03/11/2019 1,726.67 $ 

PRE Bill 01/09/2019 DIP 1579 TapRoot Solutions, Inc. 01/09/2019 3,225 $ .00

PRE Bill 03/06/2019 DIP 1614 TapRoot Solutions, Inc. 03/06/2019 525.0 $ 0

PRE Bill 03/06/2019 DIP 1639 TapRoot Solutions, Inc. 03/06/2019 525.0 $ 0

PRE Bill 03/13/2019 DIP 2092542 TROUTMAN SANDERS 03/23/2019 1,049.00 $ 

PRE Bill 03/04/2019 DIP 1702-17 VAIL Technologies, LLC 04/03/2019 11, $ 031.68

PRE Bill 03/05/2019 DIP 1702-18 VAIL Technologies, LLC 04/04/2019 21, $ 060.48

PRE Bill 03/21/2019 DIP 1702-19 VAIL Technologies, LLC 04/20/2019 19, $ 054.72

PRE Bill 04/09/2019 DIP 1702-20 VAIL Technologies, LLC 05/09/2019 1,0 $ 02.88

PRE Bill 01/02/2019 DIP 2019021 Zeva Incorporated 03/07/2019 26,696.0 $ 0

PRE Bill 05/01/2019 DIP 2019040 Zeva Incorporated 05/01/2019 26,696.0 $ 0

PRE Bill 03/11/2019 DIP 2019052 Zeva Incorporated 04/10/2019 1,241.74 $ 

Total Pre-petition Accounts Payable $ 1,771,595.52

Total Accounts Payable $ 1,791,819.55

 Page 2 of 2
 1:23 PM

 08/13/19 Insignia Technology Services, LLC

 A/R Aging Detail

 As of July 31, 2019

Type Date Num P. O. # Name Terms Due Date Class Aging 

Current

Invoice 07/01/2019 T4NG5024 116-S86373 13-Direct Public:13.01-Direct VeNet 30 07/31/2019 Public:Department of Veterans Affairs 

Invoice 07/05/2019 HCIdM0065 VA701-14-C-00 13-Direct Public:13.01-Direct VeNet 30 08/04/2019 Public:Department of Veterans Affairs Invoice 07/05/2019 T4NG4031 116-S95281 13-Direct Public:13.01-Direct VeNet 30 08/04/2019 Public:Department of Veterans Affairs Invoice 07/05/2019 T4NG10009 116-S86896 13-Direct Public:13.01-Direct VeNet 30 08/04/2019 Public:Department of Veterans Affairs Invoice 07/05/2019 T4NG110009 101-S85372 13-Direct Public:13.01-Direct VeNet 30 08/04/2019 Public:Department of Veterans Affairs Invoice 07/05/2019 T4NG8022 116-S95581 13-Direct Public:13.01-Direct VeNet 30 08/04/2019 Public:Department of Veterans Affairs Invoice 07/05/2019 iCON0062 122-J92006 13-Direct Public:13.01.55-GSA Net 30 08/04/2019 Public:Department of Veterans Affairs 

Invoice 07/09/2019 T4NG6025 Below, 6/1/19-6/13-Direct Public:13.01-Direct VeNet 30 08/08/2019 Public:Department of Veterans Affairs 

Invoice 07/09/2019 AIMKE036F 107577SB1R 12-Direct DoD:12.02-Direct ArmNet 30 08/08/2019 DoD:Army Invoice 07/09/2019 F3I0018 N/A 12-Direct DoD:12.01-Direct Air Net 30 08/08/2019 DoD:Air Force Invoice 07/09/2019 WHHL04 0098325032 13-Direct Public:13.01-Direct VeNet 30 08/08/2019 Public:Department of Veterans Affairs Invoice 07/09/2019 FMBT003 104629-1 13-Direct Public:13.01.300019-FNet 30 08/08/2019 Public:Department of Veterans Affairs 

Total Current 1 - 30

Invoice 06/10/2019 F3I0017 N/A 12-Direct DoD:12.01-Direct Air Net 30 07/10/2019 DoD:Air Force 2Invoice 06/10/2019 WHHL03 0098325032 13-Direct Public:13.01-Direct VeNet 30 07/10/2019 Public:Department of Veterans Affairs 2Invoice 06/11/2019 T4NG6024 Below, 5/1/19-5/13-Direct Public:13.01-Direct VeNet 30 07/11/2019 Public:Department of Veterans Affairs 20 

Invoice 06/17/2019 T4NG6022-1 Below, 3/1/19-3/13-Direct Public:13.01-Direct VeNet 30 07/17/2019 Public:Department of Veterans Affairs 14 

Total 1 - 30 31 - 60

Invoice 05/13/2019 WHHL02 0098325032 13-Direct Public:13.01-Direct VeNet 30 06/12/2019 Public:Department of Veterans Affairs 49 

Invoice 05/13/2019 T4NG6022 Below, 3/1/19-3/13-Direct Public:13.01-Direct VeNet 30 06/12/2019 Public:Department of Veterans Affairs 49 

Total 31 - 60 61 - 90

Invoice 04/09/2019 WHHL01 0098325032 13-Direct Public:13.01-Direct VeNet 30 05/09/2019 Public:Department of Veterans Affairs 83 

Total 61 - 90 > 90

Invoice 12/22/2018 MC0008L 0098325032 13-Direct Public:13.01-Direct VeNet 30 01/21/2019 Public:Department of Veterans Affairs 19Invoice 12/22/2018 MC0014T 0098325032 13-Direct Public:13.01-Direct VeNet 30 01/21/2019 Public:Department of Veterans Affairs 19Invoice 12/22/2018 MC0015T 0098325032 13-Direct Public:13.01-Direct VeNet 30 01/21/2019 Public:Department of Veterans Affairs 19

Invoice 12/31/2018 MSC0005L 0098079001 13-Direct Public:13.01-Direct VeNet 30 01/30/2019 DoD:Army 182 

Invoice 12/31/2018 MC0016T 0098325032 13-Direct Public:13.01-Direct VeNet 30 01/30/2019 Public:Department of Veterans Affairs 182 

Invoice 01/01/2019 MC0013L 0098325032 13-Direct Public:13.01-Direct VeNet 30 01/31/2019 Public:Department of Veterans Affairs 18

Total > 90 TOTAL 
 12:37 PM

 08/13/19

 Accrual Basis

 Insignia Technology Services, LLC

 Balance Sheet

 As of July 31, 2019

Jul 31, 19

ASSETS

Current Assets

Checking/Savings

1009 ꞏ Insignia OP DIP 9370 2,327,622.32

1010 ꞏ Cap One DIP 1293 1,166,975.63

1011 ꞏ Cap One Check DIP 9084 2,014,459.22

Total Checking/Savings 5,509,057.17

Accounts Receivable

1200 ꞏ Accounts Receivable 3,682,146.68

Total Accounts Receivable 3,682,146.68

Other Current Assets

1201 ꞏ Work In Progress (WIP) 1,604,746.38

1260 ꞏ Prepaid Expenses

1262 ꞏ Professional Retainer Fees 410,000.00

1260 ꞏ Prepaid Expenses - Other 57,877.78

Total 1260 ꞏ Prepaid Expenses 467,877.78

1261 ꞏ Security Deposits 6,353.83

1300 ꞏ Employee Advance 2,115.79

Total Other Current Assets 2,081,093.78

Total Current Assets 11,272,297.63

Fixed Assets

1705 ꞏ Furniture and Equipment 28,378.33

1707 ꞏ Transportation 52,938.47

1710 ꞏ Hardware 188,098.44

1715 ꞏ Software 35,199.40

1750 ꞏ Accumulated Depreciation -228,199.90

Total Fixed Assets 76,414.74

TOTAL ASSETS 11,348,712.37

LIABILITIES & EQUITY

Liabilities

Current Liabilities

Accounts Payable

2000 ꞏ Accounts Payable 1,791,819.55

Total Accounts Payable 1,791,819.55

Other Current Liabilities

2100 ꞏ Payroll Liabilities

2101 ꞏ Aflac 221.82

2102 ꞏ 401k Withheld 509.65

2103 ꞏ Flexible Spending Account (FSA) -3,165.56

2106 ꞏ Legal Benefit -155.62

2107 ꞏ 401k Loan Withheld -44.90

2108 ꞏ 401k Match 27,089.75

2109 ꞏ Vision Withheld -321.94

2112 ꞏ Accrued PTO 244,942.61

2113 ꞏ Accrued Payroll 536,746.91

 Page 1 of 2
 12:37 PM

 08/13/19

 Accrual Basis

 Insignia Technology Services, LLC

 Balance Sheet

 As of July 31, 2019

Jul 31, 19

2100 ꞏ Payroll Liabilities - Other 4,331.23

Total 2100 ꞏ Payroll Liabilities 810,153.95

2114 ꞏ Sales/Use Tax Payable 189.81

2300 ꞏ Short Term Notes Payable 7,950.22

2400 ꞏ Accrued Expense 1,995,857.01

Total Other Current Liabilities 2,814,150.99

Total Current Liabilities 4,605,970.54

Long Term Liabilities

2500 ꞏ Long Term Notes Payable 11,419,523.00

Total Long Term Liabilities 11,419,523.00

Total Liabilities 16,025,493.54

Equity

3050 ꞏ Fred O'Brien Draws -922,615.21

3900 ꞏ Retained Earnings 18,962,407.97

3901 ꞏ Partner Buyout -23,919,523.00

Net Income 1,202,949.07

Total Equity -4,676,781.17

TOTAL LIABILITIES & EQUITY 11,348,712.37

 Page 2 of 2
 12:43 PM

 08/13/19

 Accrual Basis

 Insignia Technology Services, LLC

 Profit & Loss

 July 2019

Jul 19

Ordinary Income/Expense

Income

4100 ꞏ Project Revenue 1,921,952.19

Total Income 1,921,952.19

Cost of Goods Sold

5000 ꞏ Direct Costs

5003 ꞏ Direct Labor-CL Site 317,855.80

5004 ꞏ Direct Labor-CO Site 391,285.12

5010 ꞏ Travel - Billable 206.00

5020 ꞏ Subcontractors 453,393.98

5030 ꞏ Other Direct Costs (ODCs) 20.00

5031 ꞏ Other Direct Costs-Non Billable 622.74

Total 5000 ꞏ Direct Costs 1,163,383.64

Total COGS 1,163,383.64

Gross Profit 758,568.55

Expense

6000 ꞏ Fringe Expense

6007 ꞏ Flexible Spending Account Trans 3,000.00

6010 ꞏ Holiday 40,922.58

6015 ꞏ PTO 40,476.17

6020 ꞏ Bereavement Leave 2,193.52

6035 ꞏ Payroll Tax Expense 65,776.02

6040 ꞏ Payroll Service Fees 3,369.50

6041 ꞏ Benefit Admin Fees 1,233.03

6044 ꞏ Retirement Plan Expense-Members 369.24

6045 ꞏ Retirement Plan Expense 13,952.05

6047 ꞏ SCA Health & Welfare Expense 2,319.90

6100 ꞏ Insurance

6181 ꞏ Disability Insurance 122.97

6182 ꞏ Life Insurance -2,005.25

6189 ꞏ Worker's Compensation 1,258.25

6192 ꞏ Medical Insurance 59,391.34

6193 ꞏ Dental insurance 672.06

6196 ꞏ Medical Insurance-Members -9,941.56

Total 6100 ꞏ Insurance 49,497.81

Total 6000 ꞏ Fringe Expense 223,109.82

7000 ꞏ Overhead Expense

7100 ꞏ Company Site Overhead

7101 ꞏ OH Labor - MG 11,945.00

7102 ꞏ OH Labor-CO Site 433.89

7125 ꞏ Computer Expenses 923.02

7126 ꞏ Internet Expenses 972.75

7135 ꞏ Dues and Subscriptions 83.51

7150 ꞏ Office Supplies 200.57

7155 ꞏ Printing and Reproduction 398.51

 Page 1 of 3
 12:43 PM

 08/13/19

 Accrual Basis

 Insignia Technology Services, LLC

 Profit & Loss

 July 2019

Jul 19

7162 ꞏ Professional Devel-Company Site 434.63

7180 ꞏ Rent 8,145.80

7182 ꞏ Software Expensed 1,604.93

7185 ꞏ Telephone & Fax 1,296.00

7199 ꞏ Utilities 611.59

Total 7100 ꞏ Company Site Overhead 27,050.20

7200 ꞏ Client Site Overhead

7202 ꞏ OH Labor-CL Site 20.00

Total 7200 ꞏ Client Site Overhead 20.00

Total 7000 ꞏ Overhead Expense 27,070.20

8000 ꞏ G&A Expense

8002 ꞏ G&A Labor 107,718.40

8011 ꞏ Association & Membership Fees 34.08

8020 ꞏ Cleaning/Janitorial 55.96

8026 ꞏ Internet Expenses 989.46

8035 ꞏ Dues and Subscriptions 318.00

8050 ꞏ Office Supplies 2,316.95

8051 ꞏ Personal Property Tax 37.84

8055 ꞏ Printing and Reproduction 101.15

8060 ꞏ Professional Development 454.00

8065 ꞏ Postage and Delivery 7.45

8075 ꞏ Recruiting 1,653.40

8080 ꞏ Rent 3,740.13

8082 ꞏ Software Expensed 1,840.18

8085 ꞏ Telephone & Fax 41.42

8090 ꞏ Telephone Employee Reimb 69.20

8099 ꞏ Utilities 416.99

8115 ꞏ Bank Service Charges 2.36

8132 ꞏ Gas 126.54

8181 ꞏ Repairs & Maintenance 81.13

8188 ꞏ General Liability Insurance 3,152.68

8200 ꞏ Professional Fees

8276 ꞏ Legal Fees 66,099.00

Total 8200 ꞏ Professional Fees 66,099.00

8300 ꞏ Travel

8301 ꞏ Travel 140.00

8302 ꞏ Meals 306.98

Total 8300 ꞏ Travel 446.98

8600 ꞏ Business Development

8601 ꞏ Business Development-Labor 24,249.10

8603 ꞏ Business Development-Meals 233.60

8604 ꞏ Business Development-Travel 759.96

8605 ꞏ Business Development Labor-MG 10,968.70

Total 8600 ꞏ Business Development 36,211.36

Total 8000 ꞏ G&A Expense 225,914.66

 Page 2 of 3
 12:43 PM

 08/13/19

 Accrual Basis

 Insignia Technology Services, LLC

 Profit & Loss

 July 2019

Jul 19

9000 ꞏ Unallowable

9014 ꞏ Employee Morale 373.24

9035 ꞏ Penalties and Fees 52.99

9080 ꞏ Miscellaneous Unallowable 875.01

Total 9000 ꞏ Unallowable 1,301.24

Total Expense 477,395.92

Net Ordinary Income 281,172.63

Other Income/Expense

Other Income

9100 ꞏ Interest Income 3,381.92

9300 ꞏ Other Income 1,000.00

Total Other Income 4,381.92

Net Other Income 4,381.92

Net Income 285,554.55

 Page 3 of 3















PSI: 0 / SHC: 0 / LOB :S 

An Important Message to Our Clients

What should I do if I find an error or problem on my statement?

In case of error or questions about your electronic transfers telephone us at 1-888-755-2172 or write us at Capital

One, N.A., 7933 Preston Rd. Plano, Texas 75024, Attn: Customer Service Center as soon as you can, if you think your

statement or receipt is wrong or if you need more information about a transfer on the statement or receipt.

For small business accounts: Please refer to your Electronic Fund Transfer Agreement/Disclosure for additional

information.

For consumer accounts: We must hear from you no later than 60 days after we sent you the FIRST statement on which

the error or problem appeared.

1. Tell us your name and account number (if any).

2. Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe it is

an error or why you need more information.

3. Tell us the dollar amount of the suspected error.

We will investigate your complaint and will correct any error promptly. If we take more than 10 business days to do

this, we will credit your account for the amount you think is in error, so that you will have the use of the money during

the time it takes us to complete our investigation.

PAGE 2 OF 2