EX-99.1 2 a04-7686_1ex99d1.htm EX-99.1

Exhibit 99.1

 

UNITED STATES BANKRUPTCY COURT
WESTERN DIVISION OF MASSACHUSETTS

 

Case:    divine, inc. et. al.

Case Number: 03-11472-JNF (Jointly Administered)

Business Unit: Software (1), (2)

 

CHAPTER 11 MONTHLY OPERATING REPORT
FOR MONTH ENDING May 31, 2004

 

Comes Now, divine, inc. et. al. - Software Business Debtor-In-Possession, and hereby submits its Monthly Operating Report for the period commencing May 1, 2004 and ending May 31, 2004 as shown by the report and exhibits consisting of 13 pages and containing the following, as indicated:

 

ý                                    Monthly Reporting Questionnaire (Attachment 1)

ý                                    Comparative Balance Sheets (Forms OPR-1 & OPR-2)

ý                                    Summary of Accounts Receivable (Form OPR-3)

ý                                    Schedule of Post-petition Liabilities (Form OPR-4)

ý                                    Income Statement (Form OPR-5)

ý                                    Statement of Sources and Uses of Cash (Form OPR-6)

 

I declare under penalty of perjury that this report and all attachments are true and correct to the best of my knowledge and belief.

 

Date:  June 19, 2004

 

DEBTOR (S)-IN-POSSESSION

 

 

 

 

By:

  /s/ James Boles

 

 

(Signature)

 

 

 

 

Name & Title:

James Boles

 

 

(Print or type)

 

 

Liquidating CEO

 

Address:

4225 Naperville Rd #400

 

 

Lisle, IL 60532

 

Telephone No.:

  (630) 799-3872

 

Notes:

 

(1)  Software consists of the following 38 debtors:  Eshare Corporation, Open Market, Inc, Viant Corporation, Delano Technology Corp., divine Technology Ventures, iCentral, Inc., Inventions, Inc., divine/Emicon, inc., SageMaker, Inc., Waypoint Software Corporation, Perceptual Robotics, Inc., divine Global Services, Inc., eprise Corporation, Denalii, Inc., Melita Finance, Inc., SM1 Holding Corp., Retrieval Technologies, Inc., divine international, inc., divine software, inc., Opinionware.com, Inc., Melita Intellectual Property, Inc. smallwonders software!, inc., Open Market Securities Corporation, Futuretense Corporation, RWT Corporation,LOTN, Inc., Eprise Securities Corp., SageMaker (Europe), Inc., Global Recall, Inc., databites, inc., divine interVentures, inc., divine Ireland, Folio Corporation, Venture Capital Unlimited Acquisition Sub, Inc., divine Synchrony Communications, Inc., Softmetric, Inc., air divine, inc., SM2 Holding Corp.

 

(2)  Prior to the July 2003 Monthly Operating Reports submitted to the US Trustee (as revised), the “Software” business unit and the “Corporate” business unit have been reported on a combined basis, consistent with the internal Company reporting.  On May 14th, the Company sold substantially all of its assets through a court approved 363 sale.  Beginning in July 2003, at the request of the US Trustee, separate Monthly Operating Reports are being prepared for all three business units including: Hosting, Software and Corporate.  As these reports are being prepared subsequent to the May 14th 363 sale, the “Software” and “Hosting” business unit Monthly Operating Reports reflect virtually no activity.

 

 

 

Case Name: divine, inc. et. al.

Case Number: 03-11472-JNF (Jointly Administered)

Business Unit - Software (1), (3)

Monthly Reporting Questionnaire - Question #1

May 31, 2004

 

Name (2)

 

Title

 

Paydate

 

Gross Pay

 

Taxes

 

Deductions

 

Net

 

Tax Due

 

Tax Paid

 

Date Paid

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

No executives were paid in May

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Notes:

 

(1)  Software consists of the following 38 debtors:  Eshare Corporation, Open Market, Inc, Viant Corporation, Delano Technology Corp., divine Technology Ventures, iCentral, Inc., Inventions, Inc., divine/Emicon, inc., SageMaker, Inc., Waypoint Software Corporation, Perceptual Robotics, Inc., divine Global Services, Inc., eprise Corporation, Denalii, Inc., Melita Finance, Inc., SM1 Holding Corp., Retrieval Technologies, Inc., divine international, inc., divine software, inc., Opinionware.com, Inc., Melita Intellectual Property, Inc. smallwonders software!, inc., Open Market Securities Corporation, Futuretense Corporation, RWT Corporation,LOTN, Inc., Eprise Securities Corp., SageMaker (Europe), Inc., Global Recall, Inc., databites, inc., divine interVentures, inc., divine Ireland, Folio Corporation, Venture Capital Unlimited Acquisition Sub, Inc., divine Synchrony Communications, Inc., Softmetric, Inc., air divine, inc., SM2 Holding Corp.

 

(2)  The executive employees no longer remain with the debtor after of the sale of the business on May 15, 2003

 

(3)  Prior to the July 2003 Monthly Operating Reports submitted to the US Trustee (as revised), the “Software” business unit and the “Corporate” business unit have been reported on a combined basis, consistent with the internal Company reporting.  On May 14th, the Company sold substantially all of its assets through a court approved 363 sale.  Beginning in July 2003, at the request of the US Trustee, separate Monthly Operating Reports are being prepared for all three business units including: Hosting, Software and Corporate.  As these reports are being prepared subsequent to the May 14th 363 sale, the “Software” and “Hosting” business unit Monthly Operating Reports reflect virtually no activity.

 

2

 

Case Name: divine, inc. et. al.

Case Number: 03-11472-JNF (Jointly Administered)

Business Unit - Software (1), (2)

Monthly Reporting Questionnaire - Question #2

May 31, 2004

 

 

Type of Coverage

 

Carrier Name

 

Policy Number

 

Coverage Amounts

 

Expiration
Date

 

Date
Coverage
Paid
Through

 

Premium
Amounts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Property

 

St. Paul Fire and Marine Ins. Co.

 

TE08500273

 

$

200,000

 

Loss Limit

 

8/18/2004

 

8/18/2004

 

$

5,000.00

 

 

 

 

 

 

 

$

200,000

 

Quake

 

 

 

 

 

 

 

 

 

 

 

 

 

$

200,000

 

Flood

 

 

 

 

 

 

 

 

 

 

 

 

 

$

2,000,000

 

Newly Acquired Property (180 days) Building

 

 

 

 

 

 

 

 

 

 

 

 

 

$

1,000,000

 

Newly Acquired Property (180 days) Personal

 

 

 

 

 

 

 

 

 

 

 

 

 

1MM or 25%

 

Debris Removal

 

 

 

 

 

 

 

 

 

 

 

 

 

$

25,000

 

Deferred Payment

 

 

 

 

 

 

 

 

 

 

 

 

 

$

50,000

 

Accounts Receivable

 

 

 

 

 

 

 

 

 

 

 

 

 

$

50,000

 

Valuable Papers and Records

 

 

 

 

 

 

 

 

 

 

 

 

 

$

50,000

 

Fine Arts

 

 

 

 

 

 

 

 

 

 

 

 

 

$

150,000

 

Property In Transit With Worldwide Coverage Extension

 

 

 

 

 

 

 

 

 

 

 

 

 

$

100,000

 

Unscheduled Locations

 

 

 

 

 

 

 

 

 

 

 

 

 

$

25,000

 

Radio Active Contamination

 

 

 

 

 

 

 

 

 

 

 

 

 

$

25,000

 

Pollution Clean Up and Removal - Current Limit

 

 

 

 

 

 

 

 

 

 

 

 

 

$

25,000

 

Outdoor Property “Specified Perils” - Current Limit

 

 

 

 

 

 

 

 

 

 

 

 

 

$

25,000

 

Rewards - Reporting of Illegal Acts

 

 

 

 

 

 

 

 

 

 

 

 

 

$

20,000

 

Money & Securities (Inside Limit)

 

 

 

 

 

 

 

 

 

 

 

 

 

$

10,000

 

Money & Securities (Outside Limit)

 

 

 

 

 

 

 

 

 

 

 

 

 

$

25,000

 

Personal Belongings

 

 

 

 

 

 

 

 

 

 

 

 

 

$

100,000

 

Spoilage

 

 

 

 

 

 

 

 

 

 

 

 

 

$

10,000

 

Employee Dishonesty

 

 

 

 

 

 

 

 

 

 

 

 

 

$

10,000

 

Catastrophic Allowance

 

 

 

 

 

 

 

 

 

 

 

 

 

$

25,000

 

Depositors Forgery

 

 

 

 

 

 

 

 

 

 

 

 

 

$

25,000

 

Inventory and Appraisals

 

 

 

 

 

 

 

 

 

 

 

 

 

$

10,000

 

Endangered Property

 

 

 

 

 

 

 

 

 

 

 

 

 

$

25,000

 

Contract Penalties

 

 

 

 

 

 

 

 

 

 

 

 

 

$

50,000

 

Off Premised Utility Services

 

 

 

 

 

 

 

 

 

 

 

 

 

$

25,000

 

Property In Transit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

General Liability

 

St. Paul Fire and Marine Ins. Co.

 

TE08500273

 

$

2,000,000

 

General Aggregate Per Location

 

8/18/2004

 

8/18/2004

 

$

5,000.00

 

 

 

 

 

 

 

$

1,000,000

 

Products/Completed Operations Aggregate

 

 

 

 

 

 

 

 

 

 

 

 

 

$

1,000,000

 

Each Occurrence

 

 

 

 

 

 

 

 

 

 

 

 

 

$

1,000,000

 

Fire Damage Leagal Liability, Any One Fire

 

 

 

 

 

 

 

 

 

 

 

 

 

$

10,000

 

Medical Expenses Limit - Any One Person

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Personal and Advertising Injury - EXCLUDED

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Employee Benefit (Claims-Made)

 

 

 

 

 

 

 

 

 

 

 

 

 

$

1,000,000

 

Each Claim

 

 

 

 

 

 

 

 

 

 

 

 

 

$

3,000,000

 

Aggregate Limit

 

 

 

 

 

 

 

 

 

 

 

 

 

36390

 

Retro Date

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Auto

 

St. Paul Fire and Marine Ins. Co.

 

TE08500273

 

$

1,000,000

 

Any Auto - Liability - Includes Hired/Non-Owned

 

8/18/2004

 

8/18/2004

 

$

1,500.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Worker Compensation

 

St. Paul Fire and Marine Ins. Co.

 

WVA 8502193

 

Statutory

 

Workers Compensation

 

8/18/2004

 

8/18/2004

 

$

2,850.00

 

 

3

 

Type of Coverage

 

Carrier Name

 

Policy Number

 

Coverage Amounts

 

Expiration
Date

 

Date
Coverage
Paid
Through

 

Premium
Amounts

 

 

 

 

 

 

 

 

 

Employers Liability

 

 

 

 

 

 

 

 

 

 

 

 

 

$

500,000

 

Bodily Injury By Accident Each Accident

 

 

 

 

 

 

 

 

 

 

 

 

 

$

500,000

 

Bodily Injury By Disease Policy Limit

 

 

 

 

 

 

 

 

 

 

 

 

 

$

500,000

 

Bodily Injury By Disease Each Employee

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Directors & Officers

 

Illinois National Insurance Co.

 

561-50-64

 

$

10,000,000

 

Policy Limit

 

2/25/2004

(3)

2/25/2004

 

$

1,493,000.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Excess Directors & Officers

 

Indian Harbor Insurance Company

 

ELU 83471-02

 

$

10,000,000

 

Policy Limit - $10,000,000 X $10,000,000

 

2/25/2004

(3)

2/25/2004

 

$

1,327,405.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Directors & Officers

 

Illinois National Insurance Co.

 

8737120

 

$

10,000,000

 

Policy Limit

 

7/12/2004

 

7/12/2004

 

$

525,000.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Excess Directors & Officers
2-Year Discovery
divine, inc.

 

St. Paul Insurance Company

 

512CM0289

 

$

5,000,000

 

Policy Limit - $5,000,000 P/O $10,000,000 X $10,000,000

 

7/12/2004

 

7/12/2004

 

$

173,155.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Excess Directors & Officers
2-Year Discovery
divine, inc.

 

Lloyds

 

FD0100559

 

$

5,000,000

 

Policy Limit - $5,000,000 P/O $10,000,000 X $10,000,000

 

7/12/2004

 

7/12/2004

 

$

178,869.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Excess Directors & Officers
2-Year Discovery
divine, inc.

 

Federal Insurance Company

 

7023-24-49

 

$

10,000,000

 

Policy Limit - $10,000,000 X $20,000,000

 

7/12/2004

 

7/12/2004

 

$

199,506.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Directors & Officers
Run-Off
Open Market

 

Genesis

 

YXB002374

 

$

15,000,000

 

Policy limit

 

10/18/2007

 

10/18/2007

 

$

650,000.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Directors & Officers
Run-Off
Eprise

 

AIG

 

860-87-64

 

$

5,000,000

 

Policy Limit

 

12/5/2007

 

12/5/2007

 

$

262,860.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Directors & Officers
Run-Off
Eprise

 

Executive Risk

 

8165-37-67

 

$

5,000,000

 

Policy Limit - $5,000,000 X $5,000,000

 

12/5/2007

 

12/5/2007

 

$

255,404.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Directors & Officers
Run-Off
Eprise

 

SPMI(London)

 

DOE2000597

 

$

5,000,000

 

Policy Limit - $5,000,000 X $10,000,000

 

12/5/2007

 

12/5/2007

 

$

157,381.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Directors & Officers
Run-Off
Eprise

 

Gulf Insurance Company

 

GA0499927

 

$

5,000,000

 

Policy Limit - $5,000,000 X $15,000,000

 

12/5/2007

 

12/5/2007

 

$

102,039.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Directors & Officers
Run-Off
Delano

 

Chubb Insurance Company of Canada

 

8160-1536

 

$

5,000,000

 

Policy Limit

 

7/31/2008

 

7/31/2008

 

$

506,250.00

 

 

4

 

Type of Coverage

 

Carrier Name

 

Policy Number

 

Coverage Amounts

 

Expiration
Date

 

Date
Coverage
Paid
Through

 

Premium
Amounts

 

Directors & Officers
Run-Off

 

ACE INA

 

DOX 007717

 

$

10,000,000

 

Policy Limit - $10,000,000 X $5,000,000

 

7/31/2008

 

7/31/2008

 

$

364,500.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

6,209,719.00

 

 

Notes:

 

(1)  Software consists of the following 38 debtors:  Eshare Corporation, Open Market, Inc, Viant Corporation, Delano Technology Corp., divine Technology Ventures, iCentral, Inc., Inventions, Inc., divine/Emicon, inc., SageMaker, Inc., Waypoint Software Corporation, Perceptual Robotics, Inc., divine Global Services, Inc., eprise Corporation, Denalii, Inc., Melita Finance, Inc., SM1 Holding Corp., Retrieval Technologies, Inc., divine international, inc., divine software, inc., Opinionware.com, Inc., Melita Intellectual Property, Inc. smallwonders software!, inc., Open Market Securities Corporation, Futuretense Corporation, RWT Corporation,LOTN, Inc., Eprise Securities Corp., SageMaker (Europe), Inc., Global Recall, Inc., databites, inc., divine interVentures, inc., divine Ireland, Folio Corporation, Venture Capital Unlimited Acquisition Sub, Inc., divine Synchrony Communications, Inc., Softmetric, Inc., air divine, inc., SM2 Holding Corp.

 

(2)  Prior to the July 2003 Monthly Operating Reports submitted to the US Trustee (as revised), the “Software” business unit and the “Corporate” business unit have been reported on a combined basis, consistent with the internal Company reporting.  On May 14th, the Company sold substantially all of its assets through a court approved 363 sale.  Beginning in July 2003, at the request of the US Trustee, separate Monthly Operating Reports are being prepared for all three business units including: Hosting, Software and Corporate.  As these reports are being prepared subsequent to the May 14th 363 sale, the “Software” and “Hosting” business unit Monthly Operating Reports reflect virtually no activity.

 

(3)  Coverage expired February 25, 2004 and was not renewed.

 

5

 

Case Name: divine, inc. et. al.

Case Number: 03-11472-JNF (Jointly Administered)

Business Unit - Software (1), (2)

Monthly Reporting Questionnaire - Question #3

May 31, 2004

 

Bank Accounts

 

 

 

Total

 

 

 

 

 

Bank Name:

 

 

 

 

 

 

 

Account Name:

 

 

 

 

 

 

 

Account Number:

 

 

 

 

 

 

 

Beginning Book Balance:

 

$

0.00

 

 

 

 

 

Plus:

 

 

 

Deposits

 

$

0.00

 

 

 

 

 

Less:

 

 

 

Disbursements

 

$

0.00

 

 

 

 

 

Other:

 

 

 

Transfers In (Out)

 

$

0.00

 

 

 

 

 

Ending Book Balance

 

$

0.00

 

 

Notes:

 

(1)  Software consists of the following 38 debtors:  Eshare Corporation, Open Market, Inc, Viant Corporation, Delano Technology Corp., divine Technology Ventures, iCentral, Inc., Inventions, Inc., divine/Emicon, inc., SageMaker, Inc., Waypoint Software Corporation, Perceptual Robotics, Inc., divine Global Services, Inc., eprise Corporation, Denalii, Inc., Melita Finance, Inc., SM1 Holding Corp., Retrieval Technologies, Inc., divine international, inc., divine software, inc., Opinionware.com, Inc., Melita Intellectual Property, Inc. smallwonders software!, inc., Open Market Securities Corporation, Futuretense Corporation, RWT Corporation,LOTN, Inc., Eprise Securities Corp., SageMaker (Europe), Inc., Global Recall, Inc., databites, inc., divine interVentures, inc., divine Ireland, Folio Corporation, Venture Capital Unlimited Acquisition Sub, Inc., divine Synchrony Communications, Inc., Softmetric, Inc., air divine, inc., SM2 Holding Corp.

 

(2)  Prior to the July 2003 Monthly Operating Reports submitted to the US Trustee (as revised), the “Software” business unit and the “Corporate” business unit have been reported on a combined basis, consistent with the internal Company reporting.  On May 14th, the Company sold substantially all of its assets through a court approved 363 sale.  Beginning in July 2003, at the request of the US Trustee, separate Monthly Operating Reports are being prepared for all three business units including: Hosting, Software and Corporate.  As these reports are being prepared subsequent to the May 14th 363 sale, the “Software” and “Hosting” business unit Monthly Operating Reports reflect virtually no activity. 

 

6

 

Case Name: divine, inc. et. al.

Case Number: 03-11472-JNF (Jointly Administered)

Business Unit - Software (1), (2)

Monthly Reporting Questionnaire - Question #4

May 31, 2004

 

Vendor Name

 

Check #
or ACH
Designation

 

Date of
Payment

 

Pre-Petition
Check or ACH
Amount

 

 

 

 

 

 

 

 

 

No Professional Fee Payments Made in May

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

No Pre Petition Payments Made in May

 

 

 

 

 

 

 

 

Notes:

 

(1)  Software consists of the following 38 debtors:  Eshare Corporation, Open Market, Inc, Viant Corporation, Delano Technology Corp., divine Technology Ventures, iCentral, Inc., Inventions, Inc., divine/Emicon, inc., SageMaker, Inc., Waypoint Software Corporation, Perceptual Robotics, Inc., divine Global Services, Inc., eprise Corporation, Denalii, Inc., Melita Finance, Inc., SM1 Holding Corp., Retrieval Technologies, Inc., divine international, inc., divine software, inc., Opinionware.com, Inc., Melita Intellectual Property, Inc. smallwonders software!, inc., Open Market Securities Corporation, Futuretense Corporation, RWT Corporation,LOTN, Inc., Eprise Securities Corp., SageMaker (Europe), Inc., Global Recall, Inc., databites, inc., divine interVentures, inc., divine Ireland, Folio Corporation, Venture Capital Unlimited Acquisition Sub, Inc., divine Synchrony Communications, Inc., Softmetric, Inc., air divine, inc., SM2 Holding Corp.

 

(2)  Prior to the July 2003 Monthly Operating Reports submitted to the US Trustee (as revised), the “Software” business unit and the “Corporate” business unit have been reported on a combined basis, consistent with the internal Company reporting.  On May 14th, the Company sold substantially all of its assets through a court approved 363 sale.  Beginning in July 2003, at the request of the US Trustee, separate Monthly Operating Reports are being prepared for all three business units including: Hosting, Software and Corporate.  As these reports are being prepared subsequent to the May 14th 363 sale, the “Software” and “Hosting” business unit Monthly Operating Reports reflect virtually no activity.

 

7

 

COMPARATIVE BALANCE SHEETS

 

Case Name: divine, inc. et. al.

 

FORM OPR-1

Case Number: 03-11472-JNF (Jointly Administered)

 

Rev 7/92

Business Unit: Software (1), (2)

Month Ended:

31-May

 

Form OPR-1

 

 

 

 

 

31-Aug-03

 

30-Sep-03

 

31-Oct-03

 

30-Nov-03

 

31-Dec-03

 

31-Jan-04

 

29-Feb-04

 

31-Mar-04

 

30-Apr-04

 

31-May-04

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CURRENT ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Restricted cash

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Trade Accounts Receivable, Net (OPR-3)

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Prepaid expenses and deposits

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL CURRENT ASSETS

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PROPERTY, PLANT AND EQUIPMENT, AT COST

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less Accumulated Depreciation

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NET PROPERTY, PLANT AND EQUIPMENT

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill, net

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

OTHER ASSETS

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL ASSETS

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

 

Notes:

 

(1)  Software consists of the following 38 debtors:  Eshare Corporation, Open Market, Inc, Viant Corporation, Delano Technology Corp., divine Technology Ventures, iCentral, Inc., Inventions, Inc., divine/Emicon, inc., SageMaker, Inc., Waypoint Software Corporation, Perceptual Robotics, Inc., divine Global Services, Inc., eprise Corporation, Denalii, Inc., Melita Finance, Inc., SM1 Holding Corp., Retrieval Technologies, Inc., divine international, inc., divine software, inc., Opinionware.com, Inc., Melita Intellectual Property, Inc. smallwonders software!, inc., Open Market Securities Corporation, Futuretense Corporation, RWT Corporation,LOTN, Inc., Eprise Securities Corp., SageMaker (Europe), Inc., Global Recall, Inc., databites, inc., divine interVentures, inc., divine Ireland, Folio Corporation, Venture Capital Unlimited Acquisition Sub, Inc., divine Synchrony Communications, Inc., Softmetric, Inc., air divine, inc., SM2 Holding Corp.

 

(2)  Prior to the July 2003 Monthly Operating Reports submitted to the US Trustee (as revised), the “Software” business unit and the “Corporate” business unit have been reported on a combined basis, consistent with the internal Company reporting.  On May 14th, the Company sold substantially all of its assets through a court approved 363 sale.  Beginning in July 2003, at the request of the US Trustee, separate Monthly Operating Reports are being prepared for all three business units including: Hosting, Software and Corporate.  As these reports are being prepared subsequent to the May 14th 363 sale, the “Software” and “Hosting” business unit Monthly Operating Reports reflect virtually no activity.

 

8

 

COMPARATIVE BALANCE SHEETS

 

Case Name: divine, inc. et. al.

 

FORM OPR-2

Case Number: 03-11472-JNF (Jointly Administered)

 

Rev 7/92

Business Unit: Software (1), (2)

Month Ended:

31-May

 

Form OPR-2

 

 

 

 

 

31-Aug-03

 

30-Sep-03

 

31-Oct-03

 

30-Nov-03

 

31-Dec-03

 

31-Jan-04

 

29-Feb-04

 

31-Mar-04

 

30-Apr-04

 

31-May-04

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

POST PETITION LIABILITIES

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Priority Debt

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

 

 

—

 

Unsecured Debt

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

 

 

—

 

Capital Leases

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL PRE-PETITION LIABILITIES

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL LIABILITIES

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SHAREHOLDERS’ EQUITY (DEFICIT)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

INTERCOMPANY/SUBSIDIARY EQUITY

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

 

 

—

 

 

Notes:

 

(1)  Software consists of the following 38 debtors:  Eshare Corporation, Open Market, Inc, Viant Corporation, Delano Technology Corp., divine Technology Ventures, iCentral, Inc., Inventions, Inc., divine/Emicon, inc., SageMaker, Inc., Waypoint Software Corporation, Perceptual Robotics, Inc., divine Global Services, Inc., eprise Corporation, Denalii, Inc., Melita Finance, Inc., SM1 Holding Corp., Retrieval Technologies, Inc., divine international, inc., divine software, inc., Opinionware.com, Inc., Melita Intellectual Property, Inc. smallwonders software!, inc., Open Market Securities Corporation, Futuretense Corporation, RWT Corporation,LOTN, Inc., Eprise Securities Corp., SageMaker (Europe), Inc., Global Recall, Inc., databites, inc., divine interVentures, inc., divine Ireland, Folio Corporation, Venture Capital Unlimited Acquisition Sub, Inc., divine Synchrony Communications, Inc., Softmetric, Inc., air divine, inc., SM2 Holding Corp.

 

(2)  Prior to the July 2003 Monthly Operating Reports submitted to the US Trustee (as revised), the “Software” business unit and the “Corporate” business unit have been reported on a combined basis, consistent with the internal Company reporting.  On May 14th, the Company sold substantially all of its assets through a court approved 363 sale.  Beginning in July 2003, at the request of the US Trustee, separate Monthly Operating Reports are being prepared for all three business units including: Hosting, Software and Corporate.  As these reports are being prepared subsequent to the May 14th 363 sale, the “Software” and “Hosting” business unit Monthly Operating Reports reflect virtually no activity.

 

9

 

SUMMARY OF ACCOUNTS RECEIVABLE

 

Case Name: divine, inc. et. al.

 

FORM OPR-3

Case Number: 03-11472-JNF (Jointly Administered)

 

Rev 7/92

Business Unit: Software(1), (2)

 

31-Mar

 

Form OPR-3

 

 

 

 

Month Ended

31-May

 

 

 

 

Total

 

Current

 

0-30 Days

 

31-60 Days

 

61-90 Days

 

Over 90 Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7/31/2003

 

—

 

—

 

—

 

—

 

—

 

—

 

Allowance for doubtful accounts

 

—

 

—

 

—

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8/31/2003

 

—

 

—

 

—

 

—

 

—

 

—

 

Allowance for doubtful accounts

 

—

 

—

 

—

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9/30/2003

 

—

 

—

 

—

 

—

 

—

 

—

 

Allowance for doubtful accounts

 

—

 

—

 

—

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10/31/2003

 

—

 

—

 

—

 

—

 

—

 

—

 

Allowance for doubtful accounts

 

—

 

—

 

—

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11/30/2003

 

—

 

—

 

—

 

—

 

—

 

—

 

Allowance for doubtful accounts

 

—

 

—

 

—

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12/31/2003

 

—

 

—

 

—

 

—

 

—

 

—

 

Allowance for doubtful accounts

 

—

 

—

 

—

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1/31/2004

 

—

 

—

 

—

 

—

 

—

 

—

 

Allowance for doubtful accounts

 

—

 

—

 

—

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2/29/2004

 

—

 

—

 

—

 

—

 

—

 

—

 

Allowance for doubtful accounts

 

—

 

—

 

—

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3/31/2004

 

—

 

—

 

—

 

—

 

—

 

—

 

Allowance for doubtful accounts

 

—

 

—

 

—

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4/30/2004

 

—

 

—

 

—

 

—

 

—

 

—

 

Allowance for doubtful accounts

 

—

 

—

 

—

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5/31/2004

 

—

 

—

 

—

 

—

 

—

 

—

 

Allowance for doubtful accounts

 

—

 

—

 

—

 

—

 

—

 

—

 

 

Notes:

 

(1)  Software consists of the following 38 debtors:  Eshare Corporation, Open Market, Inc, Viant Corporation, Delano Technology Corp., divine Technology Ventures, iCentral, Inc., Inventions, Inc., divine/Emicon, inc., SageMaker, Inc., Waypoint Software Corporation, Perceptual Robotics, Inc., divine Global Services, Inc., eprise Corporation, Denalii, Inc., Melita Finance, Inc., SM1 Holding Corp., Retrieval Technologies, Inc., divine international, inc., divine software, inc., Opinionware.com, Inc., Melita Intellectual Property, Inc. smallwonders software!, inc., Open Market Securities Corporation, Futuretense Corporation, RWT Corporation,LOTN, Inc., Eprise Securities Corp., SageMaker (Europe), Inc., Global Recall, Inc., databites, inc., divine interVentures, inc., divine Ireland, Folio Corporation, Venture Capital Unlimited Acquisition Sub, Inc., divine Synchrony Communications, Inc., Softmetric, Inc., air divine, inc., SM2 Holding Corp.

 

(2)  Prior to the July 2003 Monthly Operating Reports submitted to the US Trustee (as revised), the “Software” business unit and the “Corporate” business unit have been reported on a combined basis, consistent with the internal Company reporting.  On May 14th, the Company sold substantially all of its assets through a court approved 363 sale.  Beginning in July 2003, at the request of the US Trustee, separate Monthly Operating Reports are being prepared for all three business units including: Hosting, Software and Corporate.  As these reports are being prepared subsequent to the May 14th 363 sale, the “Software” and “Hosting” business unit Monthly Operating Reports reflect virtually no activity.

 

10

 

divine, inc. et al

Schedule of Post Petition Liabilities (FORM OPR-4)

Business Unit: Software (1), (2)

May-04

 

 

 

Date
Incurred

 

Date
Due

 

Total
Due

 

Future
Due

 

0-30
Days

 

31-60
Days

 

61-90
Days

 

Over
90 Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Taxes Payable

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income taxes:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Franchise taxes

 

 

 

 

 

—

 

—

 

—

 

—

 

—

 

—

 

Property taxes - real

 

 

 

 

 

—

 

—

 

—

 

—

 

—

 

—

 

Property taxes - personal

 

 

 

 

 

—

 

—

 

—

 

—

 

—

 

—

 

Sales and use taxes

 

 

 

 

 

—

 

—

 

—

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Employment taxes:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Federal Income Tax

 

 

 

 

 

—

 

—

 

—

 

—

 

—

 

—

 

FICA - Employers

 

 

 

 

 

—

 

—

 

—

 

—

 

—

 

—

 

FICA - Employees

 

 

 

 

 

—

 

—

 

—

 

—

 

—

 

—

 

Medicare - Employer

 

 

 

 

 

—

 

—

 

—

 

—

 

—

 

—

 

Medicare - Employee

 

 

 

 

 

—

 

—

 

—

 

—

 

—

 

—

 

Federal Unemployment Tax

 

 

 

 

 

—

 

—

 

—

 

—

 

—

 

—

 

State Income Tax

 

 

 

 

 

—

 

—

 

—

 

—

 

—

 

—

 

State Unemployment Tax

 

 

 

 

 

—

 

—

 

—

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other taxes

 

 

 

 

 

—

 

—

 

—

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Taxes Payable

 

 

 

 

 

0

 

0

 

0

 

0

 

0

 

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Postpetition Secured Debt

 

 

 

 

 

—

 

—

 

—

 

—

 

—

 

—

 

Postpetition Unsecured Debt

 

 

 

 

 

—

 

—

 

—

 

—

 

—

 

—

 

Accrued Interest Payable

 

 

 

 

 

—

 

—

 

—

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade Accounts Payable & Other

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Software Accounts Payable

 

 

 

 

 

0

 

0

 

0

 

0

 

0

 

0

 

Software Salary & Benefits Accrual

 

 

 

 

 

0

 

0

 

0

 

0

 

0

 

0

 

Software Professional Fee Accrual

 

 

 

 

 

0

 

0

 

0

 

0

 

0

 

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTALS

 

 

 

 

 

0

 

0

 

0

 

0

 

0

 

0

 

 

Notes:

 

(1)  Software consists of the following 38 debtors:  Eshare Corporation, Open Market, Inc, Viant Corporation, Delano Technology Corp., divine Technology Ventures, iCentral, Inc., Inventions, Inc., divine/Emicon, inc., SageMaker, Inc., Waypoint Software Corporation, Perceptual Robotics, Inc., divine Global Services, Inc., eprise Corporation, Denalii, Inc., Melita Finance, Inc., SM1 Holding Corp., Retrieval Technologies, Inc., divine international, inc., divine software, inc., Opinionware.com, Inc., Melita Intellectual Property, Inc. smallwonders software!, inc., Open Market Securities Corporation, Futuretense Corporation, RWT Corporation,LOTN, Inc., Eprise Securities Corp., SageMaker (Europe), Inc., Global Recall, Inc., databites, inc., divine interVentures, inc., divine Ireland, Folio Corporation, Venture Capital Unlimited Acquisition Sub, Inc., divine Synchrony Communications, Inc., Softmetric, Inc., air divine, inc., SM2 Holding Corp.

 

(2)  Prior to the July 2003 Monthly Operating Reports submitted to the US Trustee (as revised), the “Software” business unit and the “Corporate” business unit have been reported on a combined basis, consistent with the internal Company reporting.  On May 14th, the Company sold substantially all of its assets through a court approved 363 sale.  Beginning in July 2003, at the request of the US Trustee, separate Monthly Operating Reports are being prepared for all three business units including: Hosting, Software and Corporate.  As these reports are being prepared subsequent to the May 14th 363 sale, the “Software” and “Hosting” business unit Monthly Operating Reports reflect virtually no activity.

 

11

 

 

INCOME STATEMENT

 

 

Case Name: divine, inc. et. al.

 

Case Number: 03-11472-JNF (Jointly Administered)

 

Business Unit: Software (1), (2)

 

FORM OPR-5

31-Mar

 

Month Ended:

31-May

 

 

 

Aug-03

 

Sep-03

 

Oct-03

 

Nov-03

 

Dec-03

 

Jan-04

 

Feb-04

 

Mar-04

 

Apr-04

 

May-04

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Revenues

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Salaries & Benefits

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Rent & Facility Services

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Office & Computer Expenses

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Other Expenses

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Cost of Revenue

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross Margin

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Salaries & Benefits

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Rent & Facility Services

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Other Expenses

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Operating Expenses

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Income/(Loss)

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest Expense

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Depreciation & Amortization

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Loss on Sale of Business

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Other Income/(Expense)

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income/(Loss)

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

 

Notes:

 

(1) Software consists of the following 38 debtors:  Eshare Corporation, Open Market, Inc, Viant Corporation, Delano Technology Corp., divine Technology Ventures, iCentral, Inc., Inventions, Inc., divine/Emicon, inc., SageMaker, Inc., Waypoint Software Corporation, Perceptual Robotics, Inc., divine Global Services, Inc., eprise Corporation, Denalii, Inc., Melita Finance, Inc., SM1 Holding Corp., Retrieval Technologies, Inc., divine international, inc., divine software, inc., Opinionware.com, Inc., Melita Intellectual Property, Inc. smallwonders software!, inc., Open Market Securities Corporation, Futuretense Corporation, RWT Corporation,LOTN, Inc., Eprise Securities Corp., SageMaker (Europe), Inc., Global Recall, Inc., databites, inc., divine interVentures, inc., divine Ireland, Folio Corporation, Venture Capital Unlimited Acquisition Sub, Inc., divine Synchrony Communications, Inc., Softmetric, Inc., air divine, inc., SM2 Holding Corp.

 

(2)  Prior to the July 2003 Monthly Operating Reports submitted to the US Trustee (as revised), the “Software” business unit and the “Corporate” business unit have been reported on a combined basis, consistent with the internal Company reporting.  On May 14th, the Company sold substantially all of its assets through a court approved 363 sale.  Beginning in July 2003, at the request of the US Trustee, separate Monthly Operating Reports are being prepared for all three business units including: Hosting, Software and Corporate.  As these reports are being prepared subsequent to the May 14th 363 sale, the “Software” and “Hosting” business unit Monthly Operating Reports reflect virtually no activity.

 

12

 

 

STATEMENT OF SOURCES AND USES OF CASH

 

Case Name: divine, inc. et. al.

 

Case Number: 03-11472-JNF (Jointly Administered)

 

Business Unit: Software (1), (2)

 

FORM OPR-6

Month Ended:

31-May

 

 

 

Aug-03

 

Sep-03

 

Oct-03

 

Nov-03

 

Dec-03

 

Jan-04

 

Feb-04

 

Mar-04

 

Apr-04

 

May-04

 

SOURCES OF CASH

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income From Operations

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Add: Depreciation, Amortization & Other Non-Cash

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

CASH PROVIDED BY OPERATIONS

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Decrease in Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accounts Receivable

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Prepaid Expenses & Deposits

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Other

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Divestiture of Assets Upon Sale

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Increase in Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pre-Petition Liabilities

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Post Petition Liabilities

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Other

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

TOTAL SOURCES OF CASH (A)

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

USES OF CASH

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Increase in Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accounts Receivable

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Capital Expenditures

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Decrease in Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pre-Petition Liabilities

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Post Petition Liabilities

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Capital Leases

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Divestiture of Liabilities Upon Sale

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

TOTAL USES OF CASH (B)

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

NET SOURCE (USE) OF CASH (A-B=NET)

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

CASH – BEGINNING BALANCE (See OPR-1)

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

CASH – ENDING BALANCE (See OPR-1)

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

 

Notes:

 

(1) Software consists of the following 38 debtors:  Eshare Corporation, Open Market, Inc, Viant Corporation, Delano Technology Corp., divine Technology Ventures, iCentral, Inc., Inventions, Inc., divine/Emicon, inc., SageMaker, Inc., Waypoint Software Corporation, Perceptual Robotics, Inc., divine Global Services, Inc., eprise Corporation, Denalii, Inc., Melita Finance, Inc., SM1 Holding Corp., Retrieval Technologies, Inc., divine international, inc., divine software, inc., Opinionware.com, Inc., Melita Intellectual Property, Inc. smallwonders software!, inc., Open Market Securities Corporation, Futuretense Corporation, RWT Corporation,LOTN, Inc., Eprise Securities Corp., SageMaker (Europe), Inc., Global Recall, Inc., databites, inc., divine interVentures, inc., divine Ireland, Folio Corporation, Venture Capital Unlimited Acquisition Sub, Inc., divine Synchrony Communications, Inc., Softmetric, Inc., air divine, inc., SM2 Holding Corp.

 

(2)  Prior to the July 2003 Monthly Operating Reports submitted to the US Trustee (as revised), the “Software” business unit and the “Corporate” business unit have been reported on a combined basis, consistent with the internal Company reporting.  On May 14th, the Company sold substantially all of its assets through a court approved 363 sale.  Beginning in July 2003, at the request of the US Trustee, separate Monthly Operating Reports are being prepared for all three business units including: Hosting, Software and Corporate.  As these reports are being prepared subsequent to the May 14th 363 sale, the “Software” and “Hosting” business unit Monthly Operating Reports reflect virtually no activity. 

 

13