VIA EMAIL (rstumphauzer@sfslaw.com) 

February 1, 2021 

Mr. Ryan Stumphauzer 

Receiver 

c/o Stumphauzer, Foslid, Sloman, Ross & Kolaya PLLC 

2 South Biscayne Boulevard 

Suite 1600 

Miami, Florida 33131 

Dear Ryan: 

In accordance with the Amended Order Appointing Receiver (D.E. #141) (“Amended 

Order”), following is our quarterly report relating to the operations and analyses undertaken by 

Development Specialists Inc. (“DSI”) since the date of the prior report. Except as may be noted, 

all activity and financial data is for the period from October 1, 2020, the date of the prior report, 

and December 31, 2020 (“Reporting Period”) 

A. A summary of operations of the Receiver

During the Reporting Period, DSI worked on the general operations matters provided below. 

Expanded Receivership

On December 16, 2020, the Court issued the Order Granting Motion To Expand Receivership 

Estate. This motion increased the number of entities under the Receivership (“Expanded 

Receivership Entities”) and the asset base. To this end, during the Reporting Period, 

 Banking

Soon after the Court issued the Order, we communicated with the banks with which the

Expanded Receivership Entities may have done business. This resulted in identifying 26

bank accounts for the Expanded Receivership Entities with a cash balance of nearly $9

million. Each of the banks for which accounts were identified have been informed that

only the Receiver may have access to the accounts.

Additionally, we worked and are continuing to work with the Receiver’s bank to open

new accounts for each of the Expanded Receivership Entities.

Case 9:20-cv-81205-RAR Document 482-1 Entered on FLSD Docket 02/01/2021 Page 1 of 18
Mr. Ryan K. Stumphauzer 

February 1, 2021 

Page 2 

Furthermore, DSI has obtained the bank statements for many of the accounts for the 

period from July 2020 through December 31, 2020 in order to reconcile and analyze the 

accounts and bring the financial reporting up-to-date. 

 Property Management 

The Expanded Receivership Entities includes numerous commercial and residential 

properties. During the Reporting Period, along with counsel, we met with the property 

manager. The Receivership re-engaged the manager and continues to work through the 

issues that remained unresolved prior to the Order such as insurance matters, repairs and 

maintenance and utilities. This work is on-going. 

General Operations. 

 Staffing 

DSI continues to oversee the Accounting and Collections staff. DSI provides 

management and oversight over all key functions of the day-to-day operations. During 

the Reporting Period, DSI and staff transitioned to Work from Home due to restrictions 

imposed by the City of Philadelphia due to the Covid-19 pandemic. All staff were issued 

corporate computer equipment. DSI communicates daily with individual staff and holds 

weekly video and audio conference calls with each department. DSI continues to monitor 

the guidelines for the City of Philadelphia in order to determine when to the staff can 

resume working in the office. 

 Reconcile bank accounts. 

It was previously noted that the bank accounts for CBSG and FSP had not been 

reconciled for much of 2019 and none of 2020. To date, the accounting staff have 

reconciled all of the accounts for 2019 and have nearly completed the pre-Receivership 

period for 2020. Once this is completed, the staff will ensure that the bank reconciliations 

for the Expanded Receivership Entities are complete. 

Collections

 Analysis of merchant cash advance (“MCA”) accounts. 

As previously mentioned, at the outset of the Receivership, the Receiver was provided a 

listing of the MCA accounts (“Portfolio”). This listing included nearly thousands of 

accounts with a gross balance of over $400 million at the start of the Reporting Period. 

The accounts were marked performing, non-performing, under-performing or default. 

During the Reporting Period, DSI continued to analyze the Portfolio. To this end, we 

Case 9:20-cv-81205-RAR Document 482-1 Entered on FLSD Docket 02/01/2021 Page 2 of 18
Mr. Ryan K. Stumphauzer 

February 1, 2021 

Page 3 

noted that 50% of the total Portfolio is due from 16 merchants in 5 related groups referred 

to as the “Exception Portfolio” and for which collections remain challenging. We have 

analyzed and documented our review of certain of the Exception Portfolio for further 

investigation. 

We also identified other merchants within the Portfolio which filed bankruptcy. 

Collections of these accounts have been halted given bankruptcy laws. 

 Collections Activity 

Collections staff continue to work with merchants in order to maximize recovery. The 

staff have initiated or responded to thousands of telephone calls, e-mails and other 

correspondence with merchants. Furthermore, we have finalized the collections protocol 

setting parameters upon which staff may settle outstanding amounts due from merchants. 

As part of the settlement, the merchants are required to provide recent financial 

statements and banking information. 

Under the MCA agreement, CBSG is allowed to file UCC-1’s to secure it’s position in 

the merchants’ assets. During the Reporting Period, we filed numerous UCC-1’s against 

the allowable assets. 

Forensic Accounting and Litigation Support

 General Matters 

During the reporting period, DSI continued to compile the transactions for the prereceivership period. The results of our analysis will assist further investigation and 

identification of possible causes of action. Furthermore, we continue to review nonfinancial records as part of our analyses of the Portfolio and other matters relating to the 

operations of the business. 

B. The amount of cash on hand, the amount and nature of accrued administrative 

expenses, and the amount of unencumbered funds in the estate.

Exhibit A shows the activity of the Receivership through for the Reporting Period and the 

cumulative period. Total cash as of December 31, 2020 is $65,087,116. All of the cash is 

unencumbered. 

The accrued administrative fees for the quarter ended December 31, 2020 are: 

 Receiver/co-counsel – Stumphauzer, Foslid, Sloman, Ross & Kolaya PLLC $292,546.10 

 Co-counsel – Pietragallo Gordon Alfano Bosick & Raspanti, LLP $592,792.30 

 Transition Counsel – Fox Rothschild, LLP $25,235.00 

Case 9:20-cv-81205-RAR Document 482-1 Entered on FLSD Docket 02/01/2021 Page 3 of 18
Mr. Ryan K. Stumphauzer 

February 1, 2021 

Page 4 

 Financial Advisor/Operations Consultant – Development Specialists, Inc. $1,354,261.00 

 Digital Evidence/Computer Forensics Professional – Lawgical Insights, LLC $72,638.75 

 Investigation Firm – HD Investigative Group, LLC $36,843.75 

All other administrative expenses, such as payroll and office expenses, are paid in the 

ordinary course of business. Certain employee wages, specifically paid time off, for 

employees who have returned to work may be owed to employees but has not been 

quantified. 

C. A schedule of all the Receiver’s receipts and disbursements. 

Exhibit A details the receipts and disbursements for the Reporting Period. 

D. A description of known Receivership Property, including approximate or actual 

valuations, anticipated or proposed dispositions, and reasons for retaining assets where 

no disposition is intended. 

Receivership Property includes: 

Asset: Estimate value (at 12/31/2020) 

Cash in bank $65,087,000 

Cash held by ACH processors $750,000 

Portfolio balance (without reduction for collectability/bad

debt)

$374,000,000 

Other accounts receivable1 $52,700,000 

Investment in wholly-owned subsidiary2 $6,300,000 

Life settlement policies (gross death benefits)3 $25,700,000 

Real estate4 $63,000,000 

Furniture and fixtures $100,000 

1 This balance of “other accounts receivable” includes, among other things, amounts owed by third-parties to Eagle 

Six Consulting (ESC) and Heritage Business Consulting (HBC), two Expanded Receivership Entities. The records 

of ESC and HBC also reflect that these entities are owed additional amounts that are recorded as loans they made to 

other Expanded Receivership Entities, including the entities that own the “Real estate” referenced below. This is 

also true with respect to the entities that own the properties located in Haverford, Pennsylvania and Paupack, 

Pennsylvania, which are included within the Receivership Estate. For purposes of consistency and to avoid double 

counting those amounts within these balances, the additional loan balances owed from the other Expanded 

Receivership Entities and in connection with the Haverford and Paupack properties are neither included in this 

accounts receivable balance, nor are they factored into the value of the real estate listed below. 2

 CBSG is the 100% member of Eagle Union Quest One, LLC, the owner of 2008 Cessna model 680, tail #N789MJ. 3

 Approximate death benefit of life settlement insurance policies owned by Receivership Entities under the A Better 

Financial Plan. We have engaged a professional to value this life settlement portfolio. 

4

 Per Receiver Ryan K. Stumphauzer’s Quarterly Status Report Dated February 1, 2021. 

Case 9:20-cv-81205-RAR Document 482-1 Entered on FLSD Docket 02/01/2021 Page 4 of 18
Mr. Ryan K. Stumphauzer 

February 1, 2021 

Page 5 

E. A description of liquidated and unliquidated claims held by the Receivership Estate,

including the need for forensic and/or investigatory resources; approximate valuations

of claims; and anticipated or proposed methods of enforcing such claims.

Working with counsel, this process is ongoing and we have yet to determine the claims and

the estimated value of the claims. As noted above, we continue to work on the forensic

review of the books and records and will provide more information.

F. A list of all known creditors with their addresses and the amounts of their claims.

We provided a list of the known creditors of CBSG in our report to you dated August 31,

2020 and filed as Exhibit 1 to D.E #214, Receiver Ryan K. Stumphauzer’s Notice Of Filing

Sworn Statement Pursuant To Paragraph 9 Of The Amended Receivership Order. At this

time, we have no additional information to report. However, we continue to review records

and are developing a list of creditors related to the non-CBSG entities including investors,

trade and vendor payables.

G. The status of Creditor Claims Proceedings, after such proceedings have commenced.

The Creditor Claims Proceedings have not yet commenced.

H. The Receiver’s recommendations for a continuation or discontinuation of the

receivership and the reasons for the recommendations.

It is my recommendation that the receivership continues. The Receivership is benefitted by

our collections work plan and efforts which is averaging several hundred thousand dollars a

week and knowledge of the Receivership Entities’ books and records all of which is vital to

working with you and counsel on various causes of actions and to maximize the assets of the

receivership.

Sincerely, 

Bradley D. Sharp 

President & CEO 

Copy to: Mr. Gaetan J. Alfano (GJA@Pietragallo.com) 

 Mr. Tom J. Frey (e-mail TFrey@DSIConsulting.com) 

 Mr. Timothy A. Kolaya (e-mail TKolaya@sfslaw.com) 

 Mr. George E. Shoup, III (e-mail GShoup@DSIConsulting.com) 

 Mr. Yale S. Bogen (e-mail YBogen@DSIConsulting.com)

Case 9:20-cv-81205-RAR Document 482-1 Entered on FLSD Docket 02/01/2021 Page 5 of 18
Exhibit “A”

Case 9:20-cv-81205-RAR Document 482-1 Entered on FLSD Docket 02/01/2021 Page 6 of 18
Ryan K Stumphauzer, Receiver

Report prepared by:

Financial Advisor and Operational Consultant to the Receiver

Development Specialists, Inc.

INTERIM REPORT IN PREPARATION OF STATUS CONFERENCE

STANDARDIZED FUND

ACCOUNTING REPORT

CIVIL - RECEIVERSHIP FUND

Consolidated Par Funding Receivership Entities 1

Civil Court Docket No. 20-cv-81205-RAR

Reporting Period 10/1/2020 to 12/31/2020

Note 1: Complete Business Solutions Group, Inc. d/b/a Par Funding, Full Spectrum Processing, Inc., 

ABetterFinancialPlan.com LLC d/b/a A Better Financial Plan, ABFP Management Company, LLC f/k/a Pillar Life 

Settlement Management Company, LLC, ABFP Income Fund, LLC, ABFP Income Fund 2, L.P., ABFP Income Fund 3, 

LLC, ABFP Income Fund 4, LLC, ABFP Income Fund 6, LLC, ABFP Income Fund Parallel LLC, ABFP Income Fund 

2 Parallel, ABFP Income Fund 3 Parallel, ABFP Income Fund 4 Parallel, ABFP Income Fund 6 Parallel, ABFP, MultiStrategy Investment Fund LP, ABFP Multi-Strategy Fund 2 LP, MK Corporate Debt Investment Company LLC, 

United Fidelis Group Corp., Fidelis Financial Planning, LLC, Retirement Evolution Group, LLC, RE Income Fund 

LLC, RE Income Fund 2 LLC, Fast Advance Funding LLC, New Field Ventures LLC, 118 Olive PA LLC, 205 B Arch 

St. Management LLC, 242 S 21st St. LLC, 300 Market St, LLC, 627-629 E Girard, LLC, 803 S 4th St, LLC, 1427 

Melon St, LLC, 1530 Christian St. LLC, 1635 East Passyunk, LLC, 1932 Spruce St, LLC, 4633 Walnut St. LLC, 1223 N 

25th St. LLC, 1250 N 25th St. LLC, 135-137 N. 3rd St. LLC, 715 Sansom St. LLC, 861 N 3rd St. LLC, 915-917 S. 11th, 

LLC, 20 N 3rd St. Ltd, Capital Source 2000, Inc., Beta Abigail, LLC, Heritage Business Consulting, Inc., Eagle Six 

Consulting, Inc., Liberty Eight Avenue, LLC, LME 2017 Family Trust. 

Case 9:20-cv-81205-RAR Document 482-1 Entered on FLSD Docket 02/01/2021 Page 7 of 18
Fund Accounting: Current Period Prior Period(s) Case-to-date

10.1.20 - 12.31.20 7.28.20 - 9.30.20 Total

Line 1 Beginning Balance: $35,939,842 $28,779,570 $28,779,570

Increases in Fund Balance:

Line 2 Business Receipts 21,065,006 7,439,944 28,504,949

Business Receipts - Overpayments (49,571) 0 (49,571)

Line 3 Cash and Securities 8,872,904 0 8,872,904

Change in Value of Securities 44,456 3,810 48,266

Line 4 Interest/Dividend Income 10,729 1,102 11,830

Line 5 Business Asset Liquidation 000

Line 6 Personal Asset Liquidation 000

Line 7 Third-Party Litigation Income 000

Line 8 Miscellaneous1 79,950 6,257 86,206

Total Receipts2 30,023,473 7,451,112 37,474,585

Total Funds Available (Lines 1 - 8): $65,963,314 $36,230,683 $66,254,155

Decreases in Fund Balance:

Line 9 Disbursements to Investors 000

Line 10 Disbursements for Receivership Operations:

Line 10a Disbursements to Receiver or Other Professionals 000

Line 10b Business Asset Expenses

Payroll & Benefits 279,290 100,031 379,321

IT Expense 159,259 30,150 189,410

Utilities 3,568 4,146 7,714

Insurance 20,769 1,223 21,992

Other Operating Expense 5,938 194 6,132

Other 3,348 2,511 5,859

Total Business Asset Expenses2 472,173 138,256 610,428

Line 10c Personal Asset Expenses 000

Line 10d Investment Expenses 000

Premiums Due on Life Settlement Policies 404,026 152,585 556,611

Line 10e Third-Party Litigation Expenses

1. Attorney Fees 000

2. Litigation Expenses 0 0 0

Total Third-Party Litigation Expenses 000

Line 10f Tax Administrator Fees and Bonds 000

Line 10g Federal and State Tax Payments 000

Total Disbursements for Receivership Operations $876,199 $290,841 $1,167,040

Line 11 Disbursements for Distribution Expenses Paid by the Fund: 000

Line 12 Disbursements to Court/Other: 000

Total Funds Disbursed (Line 9 - 12) $876,199 $290,841 $1,167,040

Line 13 Ending Balance: $65,087,116 $35,939,842 $65,087,116

STANDARDIZED FUND ACCOUNTING REPORT for PAR FUNDING - Cash Basis

Receivership; Civil Court Docket No. 20-cv-81205-RAR

Reporting Period 10/1/2020 to 12/31/2020

Case 9:20-cv-81205-RAR Document 482-1 Entered on FLSD Docket 02/01/2021 Page 8 of 18
STANDARDIZED FUND ACCOUNTING REPORT for PAR FUNDING - Cash Basis

Receivership; Civil Court Docket No. 20-cv-81205-RAR

Reporting Period 10/1/2020 to 12/31/2020

Current Period Prior Period(s) Case-to-date

Line 14 Ending Balance of Fund - Net Assets:

Line 14a Cash & Cash Equivalents $65,087,116 $35,939,842 $65,087,116

Line 14b Investments Unknown

Line 14c Other Assets or Uncleared Funds

Total Ending Balance of Fund - Net Assets $65,087,116 $35,939,842 $65,087,116

OTHER SUPPLEMENTAL INFORMATION:

Current Period Prior Period(s) Case-to-date

Report of Items NOT To Be Paid by the Fund:

Line 15 Disbursements for Plan Administration Expenses Not Paid by the Fund:

Line 16 Disbursements to Court/Other Not Paid by the Fund:

Line 17 DC & State Tax Payments

Line 18 No. of Claims:

Line 18a # of Claims Received This. Reporting Period ....................................

Line 18b # of Claims Received Since Inception of Fund ..................................

Line 19

Line 19a # of Claimants/Investors Paid This Reporting Period ......................

Line 19b # of Claimants/Investors Paid Since Inception of Fund ........... .......

Note 1: Includes $16,574.82 of expense reimbursements from Solar Vision and Solar Exchange for shared IT expenses.

Note 2: Excludes inter-receivership receipts/disbursements.

Case 9:20-cv-81205-RAR Document 482-1 Entered on FLSD Docket 02/01/2021 Page 9 of 18
Entity Bank Name

Account 

Number

Beginning Cash 

Balance as of 

7/28/20

Ending Cash 

Balance as of 

12/31/2020

Pre-receiver Accounts1

CoComplete Business Solutions Group, Inc. Chase Multiple $322,915 $0

CoComplete Business Solutions Group, Inc. Empire Bank x5805 $5,999,980 $0

CoComplete Business Solutions Group, Inc. Empire Bank x4825 $1,664,854 $0

CoComplete Business Solutions Group, Inc. Bank of the San Juans/Glacier Bank x3352 $2,771,657 $0

CoComplete Business Solutions Group, Inc. FedChex N/A $327,706 $0

CoComplete Business Solutions Group, Inc. Actum N/A $679,697 $0

CoComplete Business Solutions Group, Inc. Priority Payment N/A $4,722,924 $0

Complete Business Solutions Group, Inc. Kotapay N/A $20,000 $0

CoComplete Business Solutions Group, Inc. First Bank of NJ x7807 $153,221 $0

CoComplete Business Solutions Group, Inc. First Bank of NJ x7831 $749,390 $0

CoComplete Business Solutions Group, Inc. First Bank of NJ x7823 $6,585,485 $0

FuFull Spectrum Processing Inc. Citizens Bank x3290 $11,469 $0

FuFull Spectrum Processing Inc. Citizens Bank x3282 $21,075 $0

A ABFP Income Fund 2 Citizens Bank x9745 $7,885 $0

A ABFP Income Fund 2 TD Ameritrade x1080 $1,003,564 $1,051,830

A abetterfinancialplan.com, LLC Citizens Bank x9567 $62,951 $0

A ABFP Multi-Strategy Investment Fund LP Citizens Bank x9702 $667,652 $0

A ABFP Management Company Citizens Bank x9737 $397 $0

A ABFP Management Company Citizens Bank x9575 $208,528 $0

A ABFP Multi-Strategy Investment Fund 2 LP Citizens Bank x9729 $839,389 $0

A MK Corporate Debt Investment Company LLC Citizens Bank x8766 $565,000 $0

A abetterfinancialplan.com, LLC Victory Bank x4566 $7,900 $0

Fi Fidelis Financial Planning LLC Synovous Bank x9934 $12,914 $0

Fi The United Fidelis Group Corp. Synovous Bank x9306 $25,170 $0

Fi The United Fidelis Group Corp. Synovous Bank x1697 $147,846 $0

ReRetirement Evolution Group LLC Wells Fargo x6902 $1,200,000 $0

Fast Advance Funding LLC Citizens Bank x6860 $0 $1,002,053

Fast Advance Funding LLC Citizens Bank x6879 $0 $58,347

New Field Ventures LLC Citizens Bank x9508 $0 $37

118 Olive PA LLC Citizens Bank x3584 $0 $2,601

205 B Arch St Management LLC Citizens Bank x2953 $0 $1,498

242 S 21st St LLC Citizens Bank x3231 $0 $19,082

300 Market St LLC Citizens Bank x3347 $0 $69,727

627-629 E Girard LLC Citizens Bank x3762 $0 $64,836

803 S 4th St LLC Citizens Bank x1914 $0 $9,305

1427 Melon St LLC Citizens Bank x3339 $0 $96,684

1530 Christian St. LLC Citizens Bank x3215 $0 $20,924

1635 East Passion LLC Citizens Bank x3258 $0 $6,999

1932 Spruce St LLC Citizens Bank x3142 $0 $31,649

4633 Walnut St. LLC Citizens Bank x3320 $0 $21,169

1223 N 25th St. LLC Citizens Bank x2961 $0 $14,348

1250 N 25th St LLC Citizens Bank x2937 $0 $23,277

1250 N 25th St LLC Citizens Bank x3622 $0 $713

135-137 N. 3rd St. LLC Citizens Bank x0379 $0 $82,741

715 Sansom St. LLC Citizens Bank x3223 $0 $37,814

861 N 3rd St. LLC Citizens Bank x3606 $0 $42,777

915-917 S. 11th LLC Citizens Bank x2945 $0 $27,099

20 N. 3rd St. Ltd Citizens Bank x3312 $0 $5,772

Capital Source 2000, Inc First Bank of NJ x7151 $0 $300,000

Beta Abigail, LLC First Bank of NJ x9967 $0 $392,001

Eagle Six Consulting, Inc. BOSJ $0 $140,820

Liberty Eighth Avenue LLC BOSJ $0 $6,400,632

Schedule 1.1

STANDARDIZED FUND ACCOUNTING REPORT for PAR FUNDING - Cash Basis

Receivership; Civil Court Docket No. 20-cv-81205-RAR

Reporting Period 10/1/2020 to 12/31/2020

Case 9:20-cv-81205-RAR Document 482-1 Entered on FLSD Docket 02/01/2021 Page 10 of

18
Entity Bank Name

Account 

Number

Beginning Cash 

Balance as of 

7/28/20

Ending Cash 

Balance as of 

12/31/2020

Schedule 1.1

STANDARDIZED FUND ACCOUNTING REPORT for PAR FUNDING - Cash Basis

Receivership; Civil Court Docket No. 20-cv-81205-RAR

Reporting Period 10/1/2020 to 12/31/2020

Receiver Accounts

CoComplete Business Solutions Group, Inc. City National Bank x1839 x1 $0 $11,664,510.66

CoComplete Business Solutions Group, Inc. City National Bank x5736 x5 $0 $116,715.67

Complete Business Solutions Group, Inc. City National Bank x2430 $0 $39,103,742.17

Complete Business Solutions Group, Inc. City National Bank x5554 $0 $4,812.84

CoComplete Business Solutions Group, Inc. City National Bank x3071 x3 $0 $23,469.58

Complete Business Solutions Group, Inc. Actum N/A $0 $12,000.00

Complete Business Solutions Group, Inc. FedChex N/A $0 $327,706.00

Complete Business Solutions Group, Inc. Kotapay N/A $0 $20,000.00

Complete Business Solutions Group, Inc. Priority Payment Systems N/A $0 $50,000.00

FuFull Spectrum Processing Inc. City National Bank x5700 x5 $0 $80,244.34

A ABFP Income Fund 2 City National Bank x8328 x8 $0 $1,133.10

A abetterfinancialplan.com, LLC. City National Bank x2189 x2 $0 $218,786.75

A ABFP Multi-Strategy Investment Fund LP. City National Bank x3575 x3 $0 $370,117.77

A ABFP Management Company City National Bank x3737 x3 $0 $208,977.25

A ABFP Multi-Strategy Investment Fund 2 LP. City National Bank x3872 x3 $0 $1,010,845.05

A MK Corporate Debt Investment Company LLC. City National Bank x3944 x3 $0 $565,813.53

Fi Fidelis Financial Planning LLC. City National Bank x5835 x5 $0 $12,918.31

Fi The United Fidelis Group Corp. City National Bank x5682 x5 $0 $170,497.73

ReRetirement Evolution Group LLC. City National Bank x5754 x5 $0 $1,200,090.95

$28,779,570 $65,087,116

Note 1: The Receiver has identified the majority of the open expanded receivership entities bank accounts and is in the process of opening new accounts at City National 

Bank and transferring the money from the pre-receiver accounts to the new receivership accounts. 

Case 9:20-cv-81205-RAR Document 482-1 Entered on FLSD Docket 02/01/2021 Page 11 of

18
Date Category Description Total

10/1/2020 Business Receipts Customer Receipt $338

10/1/2020 Business Receipts Customer Receipt $438,294

10/2/2020 Business Receipts Customer Receipt $12

10/2/2020 Business Receipts Customer Receipt $49

10/2/2020 Business Receipts Customer Receipt $100

10/2/2020 Business Receipts Customer Receipt $444

10/2/2020 Business Receipts Customer Receipt $2,586

10/2/2020 Business Receipts Customer Receipt $3,547

10/2/2020 Business Receipts Customer Receipt $200

10/2/2020 Business Receipts Customer Receipt $388

10/2/2020 Business Receipts Customer Receipt $1,000

10/2/2020 Business Receipts Customer Receipt $1,750

10/2/2020 Business Receipts Customer Receipt $372,354

10/2/2020 Miscellaneous1 G-Suite Payment - Test $0.51

10/2/2020 Business Receipts Customer Receipt $673.66

10/5/2020 Business Receipts Customer Receipt $40

10/5/2020 Business Receipts Customer Receipt $100

10/5/2020 Business Receipts Customer Receipt $375,192

10/6/2020 Business Receipts Customer Receipt $800

10/6/2020 Business Receipts Customer Receipt $4,054

10/6/2020 Business Receipts Customer Receipt $331,128

10/7/2020 Business Receipts Customer Receipt $500

10/7/2020 Business Receipts Customer Receipt $1,987

10/7/2020 Business Receipts Customer Receipt $3,610

10/7/2020 Business Receipts Customer Receipt $22,555

10/7/2020 Business Receipts Customer Receipt $83,580

10/7/2020 Business Receipts Customer Receipt $343,895

10/8/2020 Business Receipts Customer Receipt $339,766

10/9/2020 Business Receipts Customer Receipt $100

10/9/2020 Business Receipts Customer Receipt $613

10/9/2020 Business Receipts Customer Receipt $1,115

10/9/2020 Business Receipts Customer Receipt $1,353

10/9/2020 Business Receipts Customer Receipt $1,742

10/9/2020 Business Receipts Customer Receipt $388

10/9/2020 Business Receipts Customer Receipt $1,000

10/9/2020 Business Receipts Customer Receipt $1,750

10/9/2020 Business Receipts Customer Receipt $2,000

10/9/2020 Business Receipts Customer Receipt $22,602

10/9/2020 Business Receipts Customer Receipt $355,054

10/9/2020 Business Receipts Vision Solar - July, Aug, Sept G Suite and 365 Fee $25,145.85

10/9/2020 Business Receipts - OverpayOverpayment Refund ($2,550)

10/9/2020 Cash and Securities Transfer to Priority Payment for reserve deposit

10/13/2020 Business Receipts Customer Receipt $1,400

10/13/2020 Business Receipts Customer Receipt $3,500

10/13/2020 Business Receipts Customer Receipt $376,022

10/13/2020 Business Receipts - OverpayOverpayment Refund ($483)

Schedule 1.2

STANDARDIZED FUND ACCOUNTING REPORT for PAR FUNDING - Cash Basis

Receivership; Civil Court Docket No. 20-cv-81205-RAR

Source of Funds - Receipts

Reporting Period 10/1/2020 to 12/31/2020

Case 9:20-cv-81205-RAR Document 482-1 Entered on FLSD Docket 02/01/2021 Page 12 of

18
Date Category Description Total

10/13/2020 Business Receipts - OverpayOverpayment Refund ($518)

10/14/2020 Business Receipts Customer Receipt $125

10/14/2020 Business Receipts Customer Receipt $125

10/14/2020 Business Receipts Customer Receipt $125

10/14/2020 Business Receipts Customer Receipt $624

10/14/2020 Business Receipts Customer Receipt $746

10/14/2020 Business Receipts Customer Receipt $950

10/14/2020 Business Receipts Customer Receipt $1,115

10/14/2020 Business Receipts Customer Receipt $1,165

10/14/2020 Business Receipts Customer Receipt $1,250

10/14/2020 Business Receipts Customer Receipt $1,363

10/14/2020 Business Receipts Customer Receipt $1,667

10/14/2020 Business Receipts Customer Receipt $325,103

10/14/2020 Business Receipts Customer Receipt $41,458.61

10/14/2020 Business Receipts Customer Receipt $912,521.05

10/14/2020 Business Receipts - OverpayOverpayment Refund ($96)

Case 9:20-cv-81205-RAR Document 482-1 Entered on FLSD Docket 02/01/2021 Page 13 of

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Date Category Description Total

10/1/2020 Other Wire Fee $15

10/1/2020 Other Wire Fee $15

10/1/2020 Other Operating Expense AC Maintenance at 20 N 3rd St $250

10/1/2020 Other Operating Expense Changed Alarm Codes $250

10/1/2020 IT Expense Annual Quickbook Fees $6,686

10/2/2020 Other Actum Fees $25

10/2/2020 Other Wire Fee $15

10/2/2020 Other Wire Fee $15

10/2/2020 Other Wire Fee $15

10/2/2020 Other Wire Fee $15

10/2/2020 Other Wire Fee $15

10/2/2020 Other Wire Fee $15

10/2/2020 Premiums Due on Life Settlement Policies $823

10/2/2020 Premiums Due on Life Settlement Policies $11,315

10/2/2020 Other ACH Fee $17

10/2/2020 IT Expense G Suite $15,078

10/5/2020 Other Wire Fee $15

10/5/2020 Premiums Due on Life Settlement Policies $1,806

10/5/2020 Premiums Due on Life Settlement Policies $3,849

10/5/2020 Other Wire Fee $15

10/5/2020 Other Wire Fee $15

10/5/2020 Utilities PECO Bill $842

10/5/2020 IT Expense Ring Central Bill $5,600

10/6/2020 Other Wire Fee $15

10/6/2020 IT Expense G-Suite Payment $45,511

10/6/2020 IT Expense Heritage Business Systems, Inc. $69

10/6/2020 IT Expense FSP Web Hosting $180

10/7/2020 Other Wire Fee $15

10/7/2020 Other Wire Fee $15

10/7/2020 Other Wire Fee $15

10/7/2020 Other Wire Fee $15

10/9/2020 Other Wire Fee $15

10/9/2020 Other Wire Fee $15

10/9/2020 Other Wire Fee $15

10/9/2020 Other Wire Fee $15

10/13/2020 Other Wire Fee $15

10/13/2020 Other Wire Fee $15

10/14/2020 Other Wire Fee $15

10/14/2020 Utilities Comcast $832

10/14/2020 IT Expense IT Consultants $1,711

10/14/2020 Utilities Comcast 20 N 3rd St $401

10/14/2020 Utilities Comcast 205 Arch St. $401

10/15/2020 Other Wire Fee $15

10/15/2020 Other Wire Fee $15

10/15/2020 Other Wire Fee $15

10/15/2020 Other Bank Fee $1

10/15/2020 Other Bank Fee $105

10/15/2020 Other Bank Fee $111

10/16/2020 Other Wire Fee $15

10/16/2020 Other Wire Fee $15

10/16/2020 Other Wire Fee $15

10/16/2020 Other Wire Fee $15

10/16/2020 Payroll & Benefits Payroll $45,369

10/16/2020 Other Operating Expense Fidelis Office Rent $2,556

10/16/2020 Other Wire Fee $15

Schedule 1.2

STANDARDIZED FUND ACCOUNTING REPORT for PAR FUNDING - Cash Basis

Receivership; Civil Court Docket No. 20-cv-81205-RAR

Use of Funds - Disbursements

Reporting Period 10/1/2020 to 12/31/2020

Case 9:20-cv-81205-RAR Document 482-1 Entered on FLSD Docket 02/01/2021 Page 14 of

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Date Category Description Total

10/19/2020 Other Actum Fees $75

10/19/2020 Other Actum Fees $75

10/19/2020 Other Wire Fee $12

10/19/2020 Other Wire Fee $15

10/19/2020 Other Wire Fee $15

10/19/2020 Other Wire Fee $15

10/20/2020 Other Wire Fee $15

10/20/2020 Other Wire Fee $15

10/20/2020 Other Wire Fee $15

10/20/2020 Other Wire Fee $15

10/21/2020 Other Wire Fee $15

10/21/2020 Other Wire Fee $15

10/21/2020 Other Operating Expense Postage reload $100

10/21/2020 Other Operating Expense Office Supplies $231

10/21/2020 Other Operating Expense Security Services $301

10/23/2020 Other Wire Fee $15

10/23/2020 Insurance Florida Hospital insurance payment - Riemer Insurance Group $20,769

10/23/2020 IT Expense IT Consultants $3,279

10/26/2020 Other Wire Fee $15

10/26/2020 Other Wire Fee $15

10/26/2020 Other Wire Fee $15

10/26/2020 IT Expense Elliot Davis professional Fees - Right Networks $5,401

10/26/2020 IT Expense TIAA Bank $1,851

10/27/2020 Other Wire Fee $15

10/28/2020 Other Wire Fee $15

10/28/2020 Premiums Due on Life Settlement Policies $491

10/28/2020 Payroll & Benefits Payroll $47,176

10/28/2020 Utilities PGW $27

10/28/2020 Utilities PGW $33

10/28/2020 Utilities PGW $40

10/28/2020 Utilities PECO Bill $189

10/29/2020 Other Wire Fee $15

10/29/2020 Premiums Due on Life Settlement Policies $727

10/30/2020 Other Wire Fee $15

10/30/2020 Other Wire Fee $15

10/30/2020 Other Wire Fee $15

11/2/2020 Other Actum Fees $25

11/2/2020 Other Wire Fee $15

11/3/2020 Other Actum Fees $25

11/3/2020 Other Actum Fees $25

11/3/2020 Other Wire Fee $15

11/3/2020 Other ACH Fee $10

11/3/2020 Utilities PECO Bill $348

11/4/2020 Other Wire Fee $15

11/5/2020 Other Wire Fee $12

11/6/2020 Other Wire Fee $15

11/6/2020 IT Expense Google Payment $657

11/6/2020 Premiums Due on Life Settlement Policies $38,266

11/6/2020 Other Wire Fee $15

11/6/2020 Payroll & Benefits Payroll $743

11/9/2020 Other Wire Fee $15

11/9/2020 Other Wire Fee $15

11/10/2020 Other Wire Fee $15

11/10/2020 Other Wire Fee $15

11/10/2020 Other Wire Fee $15

11/10/2020 Other Wire Fee $15

11/10/2020 Other Wire Fee $15

11/10/2020 IT Expense Microsoft 365 $883

11/10/2020 Other Operating Expense Locksmith $218

11/10/2020 Payroll & Benefits Payroll $44,210

11/12/2020 Other Wire Fee $15

11/12/2020 Other Wire Fee $15

Case 9:20-cv-81205-RAR Document 482-1 Entered on FLSD Docket 02/01/2021 Page 15 of

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Date Category Description Total

11/12/2020 Other Wire Fee $15

11/12/2020 Other Wire Fee $15

11/12/2020 Other Wire Fee $15

11/13/2020 Other Fraud check - Funds returned on 11/16 $18,500

11/13/2020 Other Wire Fee $15

11/13/2020 Other Wire Fee $15

11/13/2020 Other Wire Fee $15

11/13/2020 Other Wire Fee $15

11/13/2020 Other Wire Fee $15

11/13/2020 Other Wire Fee $15

11/13/2020 Other Wire Fee $15

11/13/2020 Premiums Due on Life Settlement Policies $255

11/13/2020 Premiums Due on Life Settlement Policies $593

11/13/2020 Premiums Due on Life Settlement Policies $1,830

11/13/2020 Premiums Due on Life Settlement Policies $4,160

11/13/2020 Premiums Due on Life Settlement Policies $243

11/13/2020 Premiums Due on Life Settlement Policies $644

11/13/2020 Other Operating Expense Office Supplies $160

11/16/2020 Other Fraud check - Funds returned ($18,500)

11/16/2020 Other Bank Fee $38

11/16/2020 Premiums Due on Life Settlement Policies $6,956

11/16/2020 Premiums Due on Life Settlement Policies $3,678

11/16/2020 Other Bank Fee $25

11/16/2020 Other Bank Fee $105

11/16/2020 Other Wire Fee $15

11/16/2020 Premiums Due on Life Settlement Policies $1,277

11/16/2020 Premiums Due on Life Settlement Policies $1,975

11/16/2020 Premiums Due on Life Settlement Policies $2,485

11/16/2020 Premiums Due on Life Settlement Policies $2,696

11/16/2020 Premiums Due on Life Settlement Policies $5,439

11/16/2020 Premiums Due on Life Settlement Policies $6,607

11/16/2020 Premiums Due on Life Settlement Policies $10,828

11/16/2020 Other Bank Fee $55

11/17/2020 Other Wire Fee $15

11/17/2020 Other Wire Fee $15

11/17/2020 Other Wire Fee $15

11/17/2020 Other Wire Fee $15

11/17/2020 Other Wire Fee $15

11/17/2020 Other Wire Fee $15

11/17/2020 Premiums Due on Life Settlement Policies $4,835

11/17/2020 Premiums Due on Life Settlement Policies $12,181

11/18/2020 Other Wire Fee $15

11/18/2020 Other Operating Expense Florida Hospital Locksmith $492

11/18/2020 Utilities Comcast $271

11/18/2020 Other Wire Fee $15

11/20/2020 Other Wire Fee $15

11/20/2020 Other Wire Fee $15

11/20/2020 Other Wire Fee $15

11/20/2020 Other Wire Fee $15

11/20/2020 Premiums Due on Life Settlement Policies $24,714

11/20/2020 Utilities PECO Bill $186

11/23/2020 Other Wire Fee $15

11/23/2020 Other Wire Fee $15

11/23/2020 Other Wire Fee $15

11/23/2020 Premiums Due on Life Settlement Policies $18,854

11/23/2020 Payroll & Benefits Payroll $46,806

11/24/2020 Other Wire Fee $15

11/24/2020 Premiums Due on Life Settlement Policies $11,425

11/24/2020 Other Operating Expense Office Supplies $632

11/25/2020 Other Wire Fee $25

11/25/2020 Other Wire Fee $15

11/25/2020 Other Wire Fee $15

Case 9:20-cv-81205-RAR Document 482-1 Entered on FLSD Docket 02/01/2021 Page 16 of

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Date Category Description Total

11/25/2020 Other Wire Fee $15

11/25/2020 Other Wire Fee $15

11/25/2020 Other Wire Fee $15

11/25/2020 Other Wire Fee $15

11/27/2020 Other Wire Fee $15

11/27/2020 Premiums Due on Life Settlement Policies $10,382

11/27/2020 Premiums Due on Life Settlement Policies $10,382

11/30/2020 Other Wire Fee $15

11/30/2020 Other Wire Fee $15

11/30/2020 Other Operating Expense Janitorial $112

Case 9:20-cv-81205-RAR Document 482-1 Entered on FLSD Docket 02/01/2021 Page 17 of

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Date Category Description Total

10/2/2020 Transfer Deposit from legacy CBSG First Bank of NJ bank account x7807 $153,221

10/2/2020 Transfer Deposit from legacy CBSG First Bank of NJ bank account x7831 $749,390

10/2/2020 Transfer Deposit from legacy CBSG First Bank of NJ bank account x7823 $6,585,484.75

10/1/2020 Transfer Deposit from legacy ABFP account x4566 $7,899.79

10/9/2020 Transfer Deposit from legacy ABFP account x9737 $397.37

Total transfers from legacy accounts to receivership accounts $7,496,392.24

Schedule 1.2

STANDARDIZED FUND ACCOUNTING REPORT for PAR FUNDING - Cash Basis

Receivership; Civil Court Docket No. 20-cv-81205-RAR

Source of Funds - Transfers from Legacy Accounts to Receivership Accounts

Reporting Period 10/1/2020 to 12/31/2020

Case 9:20-cv-81205-RAR Document 482-1 Entered on FLSD Docket 02/01/2021 Page 18 of

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