Exhibit 99.1

SCHEDULE OF RECEIPTS AND DISBURSEMENTS

 

FOR THE PERIOD BEGINNING: November 1, 2009		Period ending November 30, 2009
Name of Debtor: Biovest International, Inc.		Case Number: 8:08-bk-17796-KRM
Date of Petition:     November 10, 2008

 

						CURRENT MONTH		CUMULATIVE PETITION TO DATE
1.		FUNDS AT BEGINNING OF PERIOD				4,149.48		73,533.31
2.		RECEIPTS:
		A.		Cash Sales		—		302,816.21
		B.		Accounts Receivable		213,819.43		3,163,754.63
		C.		Other Receipts (See MOR-3)		4,590.89		1,785,208.64
		D.		Transfers between Biovest accounts		—		140,530.26
		E.		Transfers from Parent company (Accentia)		20,000.00		45,000.00
3.		TOTAL RECEIPTS (Lines 2A+2B+2C)				238,410.32		5,437,309.74
4.		TOTAL FUNDS AVAILABLE FOR OPERATIONS (1+3)				242,559.80		5,510,843.05
5.		DISBURSEMENTS
		A.		Advertising		—		45,792.40
		B.		Bank Charges		733.33		16,263.48
		C.		Contract Labor		1,860.00		69,966.21
		D.		Fixed Asset Payments (not incl in N)		—		—
		E.		Insurance		22,071.97		456,067.19
		F.		Inventory Payments (See Attach. 2)		40,939.15		797,542.13
		G.		Leases		—		439.22
		H.		Manufacturing Supplies		3,003.77		192,781.10
		I.		Office Supplies		234.96		15,038.20
		J.		Payroll – Net (see Attachment 4B)		95,694.74		1,748,751.67
		K.		Professional Fees (Accounting/Legal)		—		153,319.41
		L.		Rent		3,000.00		290,826.88
		M.		Repairs and Maintenance		560.00		18,435.58
		N.		Secured Creditor Payments (Attach. 2)		—		144,682.09
		O.		Taxes Paid – Payroll (Attach. 4C)		30,096.55		457,872.90
		P.		Taxes Paid – Sales and Use (Attach. 4C)		—		2,454.55
		Q.		Taxes Paid – Other (Attach. 4C)		456.00		9,307.79
		R.		Telephone		1,835.61		22,750.62
		S.		Travel and Entertainment		4,352.55		75,362.21
		Y.		U.S. Trustee Quarterly Fees		—		29,575.00
		U.		Utilities		7,775.32		97,969.30
		V.		Vehicle Expenses		—		1,800.00
		W.		Other Operating Expenses (See MOR-3)		12,511.92		576,324.62
		X.		Express Mail/Shipping fees		6,885.57		38,894.88
		Y.		Transfer to subsidiary companies		4,031.99		52,578.99
		Z.		Transfer between Biovest accounts		—		164,530.26
		AA.		Transfers to Parent Company (Accentia)		—		25,000.00
TOTAL DISBURSEMENTS (Sum of 5A thru AA)						236,043.43		5,504,326.68
ENDING BALANCE (Line 4 Minus Line 6)						6,516.37		6,516.37

 

MOR-1

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I declare under penalty of perjury that this statement and the accompanying documents and reports are true and correct to the best of my knowledge and belief.

 

This 21st day of December, 2009		/s/ Alan M. Pearce
		(Signature)

 

(a)	This number is carried forward from last month’s report. For the first report only, this number will be the balance as of the petition date.

(b)	This figure will not change from month to month. It is always the amount of funds on hand as of the date of the petition.

(c)	These two amounts will always be the same if form is completed correctly.

 

MOR-2

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MONTHLY SCHEDULE OF RECEIPTS AND DISBURSEMENTS (cont’d)

Detail of Other Receipts and Other Disbursements

OTHER RECEIPTS:

Describe Each Item of Other Receipt and List Amount of Receipt. Write totals on Page MOR-2, Line 2C.

 

Description		Current Month		Cumulative Petition to Date
Transfer of funds from 100% owned subsidiary company		268.84		633.26
Transfers between Biovest bank accounts		4,000.00		125,000.00
Employee reimbursements to company		—		4,378.67
Proceeds from DIP loan (Corps Real, LLC)		—		1,390,000.00
Payment on Note receivable from Excorp		—		52,264.70
Vendor Refund of overpayment		322.05		4,164.84
Customer Deposits		—		173,343.97
Refund of prepaid interest paid to unsecured creditor		—		34,919.20
State Income Tax Refund		—		504.00
TOTAL OTHER RECEIPTS		4,590.89		1,785,208.64

“Other Receipts” includes Loans from Insiders and other sources (i.e. Officer/Owner, related parties directors, related corporations, etc.). Please describe below:

 

Loan Amount		Source of Funds		Purpose		Repayment Schedule
1,390,000.00		DIP Loan from Corps Real, LLC (this entity owned by BOD members)		To fund on-going operations		Partial interest due monthly, all principal and residual accrued interest due earlier of: 1-December 31, 2010 or; 2- Emergence of company from Chapter 11 or; 3- Conversion of company’s Chapter 11 status to Chapter 7 or; 4- Effective date of company’s plan for re-organization

 

MOR-3

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OTHER DISBURSEMENTS:

Describe Each Item of Other Disbursement and List Amount of Disbursement. Write totals on Page MOR-2, Line 5W.

 

Description		Current Month		Cumulative Petition to Date
Shipping/Postage costs for customer orders		—		616.78
Transfers between Biovest bank accounts		—		80,000.00
RR Donnelly Fees to edgarize SEC reports		—		7,450.00
Loan to 100% owned subsidiary (AutovaxID, Inc.)		—		2,700.00
Deposited Item returned (transfer between accts)		—		45,000.00
Consulting Fees – FDA submission/BiovaxID		10,000.00		268,594.72
Consulting Fees – grant opportunities		2,511.92		59,257.80
Business Wire – public press release		—		1,976.00
Cell Line License Agreement – Stanford Univ.		—		10,000.00
Clinical Research Organization professional fees		—		67,663.83
Transfer Agent Fees		—		6,453.00
Architect Fees – Build-out Manufacturing Facility		—		11,854.75
Settlement Agreement – Alexandria Realty		—		14,000.00
Other		—		757.74
TOTAL OTHER DISBURSEMENTS		12,511.92		576,324.62

 

MOR-4

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ATTACHMENT 1

MONTHLY ACCOUNTS RECEIVABLE RECONCILIATION AND AGING

 

Name of Debtor: Biovest International, Inc.		Case Number: 8:08-bk-17796-KRM
Reporting Period beginning November 1, 2009		Period ending November 30, 2009
ACCOUNTS RECEIVABLE AT PETITION DATE:      $264,399.44

ACCOUNTS RECEIVABLE RECONCILIATION

(Include all accounts receivable, pre-petition and post-petition, including charge card sales which have not been received):

 

Beginning of Month Balance(a)		$	346,843.79
PLUS: Current Month New Billings		$	917,098.16
MINUS: Collection During the Month(b)		$	(213,819.43	)
PLUS/MINUS: Adjustments or Write-offs*		$	—
End of Month Balance(c)		$	1,050,122.52

 

*	For any adjustments or Write-offs provide explanation and supporting documentation, if applicable:

 

 

POST PETITION ACCOUNTS RECEIVABLE AGING

(Show the total for each aging category for all accounts receivable)

 

0-30 Days			31-60 Days			61-90 Days			Over 90 Days			Total(c)
$	947,645.16		$	96,302.07		$	2,537.46		$	3,637.83		$	1,050,122.52

For any receivables in the “Over 90 Days” category, please provide the following:

 

Receivable Customer		Receivable Date		Status (Collection efforts taken, estimate of collectability, write-off, disputed account, etc.)
Clonex Development		12/18/08		$904.90 – Customer returned unused product. This represents re-stocking fee. No response to payment requests. As they are likely to order future product from us, we will collect at time of order.
Acorda Therapeutics		08/13/09		$731.69 - Payment pending finalization of contract amendment
TransgenRx		08/26/09		$2,001.83 – Discrepancy with customer. They are researching

 

(a)	This number is carried forward from last month’s report. For the first report only, this number will be the balance as of the petition date.

(b)	This must equal the number reported in the “Current Month” column of Schedule of Receipts and Disbursements (Page MOR-2, Line 2B).

(c)	These two amounts must equal.

 

MOR-5

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ATTACHMENT 2

MONTHLY ACCOUNTS PAYABLE AND SECURED PAYMENTS REPORT

In the space below list all invoices or bills incurred and not paid since the filing of the petition. Do not include amounts owed prior to filing the petition. In the alternative, a computer generated list of payables may be attached provided all information requested below is included.

POST-PETITION ACCOUNTS PAYABLE

 

Date Incurred		Date Outstanding		Vendor		Description		Amount
11/26/09		12/26/09		Advanced Workplace Strategies		Pre-employment Testing Services		161.50
09/01/09		12/01/09		Alltemp Storage		Storage Fees		1,018.75
10/05/09		11/05/09		American Bank Note Co.		Transfer Agent Fees		1,450.28
06/15/09		10/15/09		American Defense Int’l		Consulting Fees		25,203.98
10/1/09		11/1/09		American Stock Transfer		Transfer Agent Fees		750.00
09/03/09		10/03/09		Ameripride Linen		Inventory/Manufacturing Supplies		737.04
08/31/09		09/30/09		Apptec		Laboratory Testing		100.00
10/21/09		11/21/09		AT&T		Telephone		199.40
10/7/09		11/7/09		Atlas Biologics		Raw Materials		2,835.00
10/1/09		11/1/09		Bay Shore Storage		Storage Rental		90.00
09/15/09		10/15/09		Berry Consultants, LLC		Consulting Fees		5,220.00
10/14/09		11/30/09		Bionique		Raw Materials		1,638.75
06/30/09		09/30/09		CanReg, Inc.		Consulting Fees		29,983.73
09/15/09		11/15/09		Carlson Building Services		Building Maintenance		1,227.02
11/17/09		12/05/09		Centerpoint Energy		Utility Provider		1,763.73
10/8/09		11/8/09		Cobex Recorders		Manufacturing Supplies		71.00
11/23/09		12/15/09		City of Coon Rapids		Taxes		780.98
9/9/09		10/9/09		Coffee Mill		Office Supplies		377.60
09/06/09		11/25/09		Dynamex		Inventory/Manufacturing Supplies		765.17
06/05/09		09/05/09		Ellenoff Grossman		Legal Fees		2,930.50
07/01/09		08/01/09		Exact Software ERP		Software Support		5,228.48
07/31/09		11/30/09		Fisher BioServices		Biologics Storage		17,810.40
09/15/09		10/15/09		Fracotype Postalia		Postage		157.70
09/22/09		10/22/09		G & K Services		Inventory/Manufacturing Supplies		123.06
10/27/09		11/27/09		GFS Chemicals		Raw Materials		108.03
05/05/09		07/30/09		Hagen, Christenson		Architect Fees		6,670.54
09/10/09		10/10/09		Hagermeyer		Inventory/Manufacturing Supplies		1,003.75
09/22/09		10/22/09		Ideal Lawn Care		Building Maintenance		280.00
02/19/09		10/31/09		IDIS (balance is disputed)		Distribution Agent Fees		90,000.00
10/31/09		11/30/09		Iron Mountain		Document Storage		318.14
10/01/09		10/20/09		James Stanton		Rent		23,016.08
09/01/09		10/15/09		Jason’s Dry Ice		Manufacturing Supplies		641.40
11/20/09		12/10/09		Joseph Gangemi		Consulting Fees		3,416.06
10/27/09		11/30/09		Lab Support		Temporary Staffing Fees		4,944.50
03/25/09		06/30/09		Lahive and Cockfield		Legal Fees		11,262.90
10/31/09		11/30/09		Mark Hirschel		Employee Travel		1,165.45
09/16/09		10/16/09		McMaster Carr		Manufacturing Supplies		465.44
08/31/09		09/30/09		Medical Disposal Systems		Building Maintenance		753.70
12/16/08		02/28/09		Nixon Peabody		Professional Fees		6,204.50
11/9/09		12/05/09		Northern States Power		Utility Provider		4,943.97
09/30/09		10/30/09		Oxygen Service Co.		Inventory/Manufacturing Supplies		76.45
10/14/09		11/15/09		Pendotech		Manufacturing Supplies		78.00
11/17/09		12/17/09		Quality Refrigeration		Equipment Repair		603.51
11/1/09		11/30/09		Qwest		Telephone		858.96
08/30/09		11/30/09		Saliwanchik		Professional Fees		14,921.83
06/30/09		07/30/09		Sam Duffey		Employee Travel Expenses		1,789.31
11/16/09		12/15/09		Sensitech		Manufacturing Supplies		1,116.75

 

MOR-6

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05/26/09		06/26/09		Seyfarth, Shaw, LLP		Professional Fees		17,331.00
10/1/09		11/1/09		Silent Knight Security		Building Maintenance		96.25
10/6/09		11/6/09		Smith Engineering		Raw Materials		128.00
11/01/09		12/20/09		Stanford University		Royalty Payment		100,000.00
10/5/09		11/5/09		Stock Trans		Transfer Agent Fees		2,074.97
10/1/09		11/1/09		The Hartford Corporation		Insurance Premium		1,192.82
08/25/09		09/25/09		Thermex		Inventory/Manufacturing Supplies		1,676.00
08/31/09		11/30/09		Toll Gas and Welding		Manufacturing Supplies		1,433.24
11/24/09		12/20/09		Volker Diehl		Consulting Fees		1,815.00
09/10/09		10/10/09		Walters		Building Maintenance		1,564.48
11/11/09		12/11/09		XO Communications		T1 Line		511.30
09/08/09		10/08/09		Zee Medical Service		Inventory/Manufacturing Supplies		200.30
								403,286.70

¨ Check here if pre-petition debts have been paid. Attach an explanation and copies of supporting documentation.

ACCOUNTS PAYABLE RECONCILIATION (Post Petition Unsecured Debt Only)

 

Opening Balance(a)		259,270.22
PLUS: New Indebtedness Incurred This Month		225,236.63
MINUS: Amount Paid on Post Petition, Accounts Payable This Month		(81,220.15	)
PLUS/MINUS: Adjustments*		—
Ending Month Balance(c)		403,286.70

 

*	For any adjustments provide explanation and supporting documentation, if applicable.

 

 

SECURED PAYMENTS REPORT

List the status of Payments to Secured Creditors and Lessors (Post Petition Only). If you have entered into a modification agreement with a secured creditor/lessor, consult with your attorney and the United States Trustee Program prior to completing this section).

 

Secured Creditor/Lessor		Date Payment Due This Month		Amount Paid This Month		Number of Post Petition Payments Delinquent		Total Amount of Post Petition Payments Delinquent
						—		—
Total(d)						—		—

 

(a)	This number is carried forward from last month’s report. For the first report only, this number will be zero.

(b, c)

The total of line (b) must equal line (c).

(d)	This number is reported in the “Current Month” column of Schedule of Receipts and Disbursements (Page MOR-2, Line 5N).

 

MOR-7

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ATTACHMENT 3

INVENTORY AND FIXED ASSETS REPORT

INVENTORY REPORT

 

INVENTORY BALANCE AT PETITION DATE:		568,709.68
INVENTORY RECONCILIATION:
Inventory Balance at Beginning of Month(a)		553,370.06
PLUS: Inventory Purchased During Month		40,939.15
MINUS: Inventory Used or Sold		(139,445.71	)
PLUS/MINUS: Adjustments or Write-downs*		—
Inventory on Hand at End of Month		454,863.50

METHOD OF COSTING INVENTORY: First In First Out (FIFO) at standard cost

 

*	For any adjustments or write-downs provide explanation and supporting documentation, if applicable.

 

 

INVENTORY AGING

 

Less than 6 months old			6 months to 2 years old		Greater than 2 years old		Considered Obsolete				Total
37	%		48%		15%		0%		=		100	%*

 

*	Aging Percentages must equal 100%.

¨	Check here if inventory contains perishable items.

Description of Obsolete Inventory:                                                                                              

FIXED ASSET REPORT

FIXED ASSETS FAIR MARKET VALUE AT PETITION DATE^(b):      $160,000.00    

(Includes Property, Plant and Equipment)

BRIEF DESCRIPTION (First Report Only):                                                                                       

FIXED ASSETS RECONCILIATION:

 

Fixed Asset Book Value at Beginning of Month(a) (b)		$	71,000.00
MINUS: Depreciation Expense			(6,000.00	)
PLUS: New Purchases			—
PLUS/MINUS: Adjustments or Write-downs*			—
Ending Monthly Balance			65,000.00

 

*	For any adjustments or write-downs, provide explanation and supporting documentation, if applicable.

BRIEF DESCRIPTION OF FIXED ASSETS PURCHASED OR DISPOSED OF DURING THE REPORTING PERIOD:

 

(a)	This number is carried forward from last month’s report. For the first report only, this number will be the balance as of the petition date.

 

(b)	Fair Market Value is the amount at which fixed assets could be sold under current economic conditions. Book Value is the cost of the fixed assets minus accumulated depreciation and other adjustments.

 

MOR-8

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ATTACHMENT 4A

MONTHLY SUMMARY OF BANK ACTIVITY - OPERATING ACCOUNT

 

Name of Debtor: Biovest International, Inc.				Case Number: 8:08-bk-17796-KRM
Reporting Period beginning November 1, 2009				Period ending November 30, 2009

Attach a copy of current month bank statement and bank reconciliation to this Summary of Bank Activity. A standard bank reconciliation form can be found at http://www.usdoj.gov/ust/r21/index.htm. If bank accounts other than the three required by the United States Trustee Program are necessary, permission must be obtained from the United States Trustee prior to opening the accounts. Additionally, use of less than the three required bank accounts must be approved by the United States Trustee.

 

NAME OF BANK: Wells Fargo Bank, NA						BRANCH: Minneapolis, MN
ACCOUNT NAME: Biovest International, Inc.						ACCOUNT NUMBER: xxxxxxxx0093
PURPOSE OF ACCOUNT:     OPERATING/Merchant Banking

 

Ending Balance per Bank Statement		$	1,003.47
Plus Total Amount of Outstanding Deposits		$	0.00
Minus Total Amount of Outstanding Checks and other debits*		$	0.00
Minus Service Charges		$	0.00
Ending Balance per Check Register**(a)		$	1,003.47

 

*	Debit cards are used by     None

 

**	If Closing Balance is negative, provide explanation:

The following disbursements were paid in Cash (do not include items reported as Petty Cash on Attachment 4D: (¨ Check here if cash disbursements were authorized by United States Trustee)

 

Date		Amount		Payee		Purpose		Reason for Cash Disbursement
11/12/09		306.17		Wells Fargo Bank		Merchant Banking Fees		Bank fees automatically deducted from account
11/12/09		88.68		Wells Fargo Bank		Merchant Banking Fees		Bank fees automatically deducted from account
11/12/09		11.76		Wells Fargo Bank		Merchant Banking Fees		Bank fees automatically deducted from account
11/20/09		52.20		Wells Fargo Bank		Monthly Service Fee		Bank fees automatically deducted from account

TRANSFERS BETWEEN DEBTOR IN POSSESSION ACCOUNTS

“Total Amount of Outstanding Checks and other debits”, listed above, includes:

$                                              Transferred to Wachovia Account

$                                              Transferred to Tax Account

 

(a)	The total of this line on Attachment 4A, 4B and 4C plus the total of 4D must equal the amount ported as “Ending Balance” on Schedule of Receipts and Disbursements (Page MOR-2, Line 7).

 

MOR-9

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ATTACHMENT 5A

CHECK REGISTER - OPERATING ACCOUNT

 

Name of Debtor: Biovest International, Inc.		Case Number: 8:08-bk-17796-KRM
Reporting Period beginning November 1, 2009		Period ending November 30, 2009
NAME OF BANK: Wells Fargo Bank, NA		BRANCH: Minneapolis, MN
ACCOUNT NAME: Biovest International, Inc.		ACCOUNT NUMBER: xxxxxxxx0093
PURPOSE OF ACCOUNT:     OPERATING/Merchant Banking

Account for all disbursements, including voids, lost checks, stop payments, etc. In the alternative, a computer generated check register can be attached to this report, provided all the information requested below is included. **

 

DATE		CHECK NUMBER		PAYEE		PURPOSE		AMOUNT
11/20/09		5070		Biovest Int’l		Transfer funds between company accounts		4,000.00
						TOTAL		$4,000.00

 

MOR-10

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ATTACHMENT 4B

MONTHLY SUMMARY OF BANK ACTIVITY – Operating and Payroll Account

 

Name of Debtor: Biovest International, Inc.		Case Number: 8:08-bk-17796- KRM
Reporting Period beginning November 1, 2009		Period ending November 30, 2009

Attach a copy of current month bank statement and bank reconciliation to this Summary of Bank Activity. A standard bank reconciliation form can be found at http://www.usdoj.gov/ust/r21/index.htm.

 

NAME OF BANK: Wachovia Bank, NA            BRANCH: Jacksonville Beach, FL
ACCOUNT NAME: Biovest Wachovia Operating            ACCOUNT NUMBER: xxxxxxxxx1452
PURPOSE OF ACCOUNT:     OPERATING AND PAYROLL

 

Ending Balance per Bank Statement		9,681.63
Plus Total Amount of Outstanding Deposits		19.40
Minus Total Amount of Outstanding Checks and other debits*		4,188.13
Minus Service Charges		—
Ending Balance per Check Register**(a)		5,512.90

 

*  If Closing Balance is negative, provide explanation:

The following disbursements were paid by Cash: (¨ Check here if cash disbursements were authorized by United States Trustee) SEE SEPARATE REGISTER

 

Date		Amount		Payee		Purpose		Reason for Cash Disbursement

 

(a)	The total of this line on Attachment 4A, 4B and 4C plus the total of 4D must equal the amount reported as “Ending Balance” on Schedule of Receipts and Disbursements (Page MOR-2, Line 7).

 

MOR-11

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ATTACHMENT 5B

CHECK REGISTER – Operating & PAYROLL ACCOUNT

 

Name of Debtor: Biovest International, Inc.		Case Number: 8:08-bk-17796- KRM
Reporting Period beginning November 1, 2009		Period ending November 30, 2009

 

NAME OF BANK: Wachovia Bank, NA             BRANCH: Jacksonville Beach, FL
ACCOUNT NAME: Biovest Wachovia Operating             ACCOUNT NUMBER: xxxxxxxxxx1452
PURPOSE OF ACCOUNT:     OPERATING AND PAYROLL

Account for all disbursements, including voids, lost payments, stop payment, etc. In the alternative, a computer generated check register can be attached to this report, provided all the information requested below is included. SEE SEPARATE REGISTER

 

DATE		CHECK NUMBER		PAYEE		PURPOSE		AMOUNT
						TOTAL		$

SUMMARY OF TAXES PAID

 

Payroll Taxes Paid (a)		$	30,096.55
Sales & Use Taxes Paid (b)			—
Other Taxes Paid (c)			456.00
TOTAL (d)		$	30,552.55

 

MOR-12

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ATTACHMENT 4D

INVESTMENT ACCOUNTS AND PETTY CASH REPORT

INVESTMENT ACCOUNTS

Each savings and investment account, i.e. certificates of deposits, money market accounts, stocks and bonds, etc., should be listed separately. Attach copies of account statements.

Type of Negotiable

 

Instrument		Face Value		Purchase Price		Date of Purchase			Current Market Value
N/A
						TOTAL	(a)		$

PETTY CASH REPORT

The following Petty Cash Drawers/Accounts are maintained:

 

Location of Box/Account		(Column 2) Maximum Amount of Cash in Drawer/Acct.		(Column 3) Amount of Petty Cash On Hand At End of Month			(Column 4) Difference between (Column 2) and (Column 3)
N/A
				TOTAL	(b)		$

For any Petty Cash Disbursements over $100 per transaction, attach copies of receipts. If there are no receipts, provide an explanation                                                                                                                          

TOTAL INVESTMENT ACCOUNTS AND PETTY CASH ^{(a+ b)} $                    ^(c)

 

(c)	The total of this line on Attachment 4A, 4B and 4C plus the total of 4D must equal the amount reported as “Ending Balance” on Schedule of Receipts and Disbursements (Page MOR-2, Line 7).

 

MOR-13

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ATTACHMENT 6

MONTHLY TAX REPORT

 

Name of Debtor: Biovest International, Inc.		Case Number: 8:08-bk-17796- KRM
Reporting Period beginning November 1, 2009		Period ending November 30, 2009

TAXES OWED AND DUE

Report all unpaid post-petition taxes including Federal and State withholding FICA, State sales tax, property tax, unemployment tax, State workmen’s compensation, etc.

 

Name of Taxing Authority		Date Payment Due		Description		Amount			Date of Last Tax Return Filed		Tax Return Period
City of Worcester, MA		02/02/09		Personal Property Tax			2,676.51		June 2008		7/1/08-6/30/09
City of Worcester, MA		05/01/09		Personal Property Tax			2,656.51		June 2008		7/1/08-6/30/09
				TOTAL		$	5,333.02

 

MOR-14

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ATTACHMENT 7

SUMMARY OF OFFICER OR OWNER COMPENSATION

SUMMARY OF PERSONNEL AND INSURANCE COVERAGES

Report all forms of compensation received by or paid on behalf of the Officer or Owner during the month. Include car allowances, payments to retirement plans, loan repayments, payments of Officer/Owner’s personal expenses, insurance premium payments, etc. Do not include reimbursement for business expenses Officer or Owner incurred and for which detailed receipts are maintained in the accounting records.

 

Name of Officer or Owner		Title		Payment Description		Amount Paid
Alan M. Pearce		CFO		Salary		5,000.00
Samuel S. Duffey		General Counsel/President		Salary		6,730.77

PERSONNEL REPORT

 

		Full Time		Part Time
Number of employees at beginning of period		24		1
Number hired during the period		0		0
Number terminated or resigned during period		0		0
Number of employees on payroll at end of period		24		1

 

MOR-15

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CONFIRMATION OF INSURANCE

List all policies of insurance in effect, including but not limited to workers’ compensation, liability, fire, theft, comprehensive, vehicle, health and life. For the first report, attach a copy of the declaration sheet for each type of insurance. For subsequent reports, attach a certificate of insurance for any policy in which a change occurs during the month (new carrier, increased policy limits, renewal, etc.).

 

Agent and/or Carrier		Phone Number		Policy Number		Coverage Type		Expiration Date		Date Premium Due
Daniel and Henry Company/Chubb		(314)421-1525		3586-11-88		Property, General Liab		03/31/10		End of each calendar qrtr
Daniel and Henry Company		(314)421-1525		7499-40-31		Auto		03/31/10		End of each calendar qrtr
Daniel and Henry Company/MN Assigned Risk Plan		(314)421-1525		MNAR-0000019107-1		Worker’s Comp-MN		03/31/10		End of each calendar qrtr
Daniel and Henry Company/Traveler’s Indemnity Co.		(314)421-1525		4605N332		Worker’s Comp-FL		03/31/10		04/15/09
Daniel and Henry Company/Chubb		(314)421-1525		3586-11-89		Product Liability		03/31/10		End of each calendar qrtr
Daniel and Henry Company		(314)421-1525		FID3754062 02		Comprehensive Crime		12/31/09		03/31/09
Daniel and Henry Company		(314)421-1525		94-555-73-36		Employment Practices Liability		10/28/09		End of each month
Daniel and Henry Company		(314)421-1525		1853099		Directors and Officers		10/28/09		End of each month
See ALSO Accentia Biopharmaceuticals, Inc. Confirmation of Insurance

The following lapse in insurance coverage occurred this month: N/A

 

Policy Type		Date Lapsed		Date Reinstated		Reason for Lapse

 

¨	Check here if U. S. Trustee has been listed as Certificate Holder for all insurance policies.

 

MOR-16

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ATTACHMENT 8

SIGNIFICANT DEVELOPMENTS DURING REPORTING PERIOD

Information to be provided on this page, includes, but is not limited to: (1) financial transactions that are not reported on this report, such as the sale of real estate (attach closing statement); (2) non-financial transactions, such as the substitution of assets or collateral; (3) modifications to loan agreements; (4) change in senior management, etc. Attach any relevant documents.

We anticipate filing a Plan of Reorganization and Disclosure Statement on or before                                         .

 

MOR-17