MiddleBrook Pharmaceuticals, Inc. - FORM 8-K - EX-99.1 - EXHIBIT 99.1

Attached files

file	filename
8-K - FORM 8-K - MiddleBrook Pharmaceuticals, Inc.	c03672e8vk.htm

Exhibit 99.1

UNITED STATES BANKRUPTCY COURT
DISTRICT OF DELAWARE


In re MiddleBrook Pharmaceuticals, Inc.		Case No. 10-11485
Debtor		Reporting Period: June 1 — June 30, 2010

MONTHLY OPERATING REPORT
File with Court and submit copy to United States Trustee within 20 days after end of month

Submit copy of report to any official committee appointed in the case.


		Document	Explanation	Affidavit/Supplement
REQUIRED DOCUMENTS	Form No.	Attached	Attached	Attached
Certifications
Schedule of Cash Receipts and Disbursements	MOR-1	X
Bank Reconciliation (or copies of debtor’s bank reconciliations)			see certifications	X
Schedule of Professional Fees Paid	MOR-1b	X
Copies of bank statements
Cash disbursements journals		X
Statement of Operations	MOR-2	X
Balance Sheet	MOR-3	X
Status of Postpetition Taxes			see certifications	X
Copies of IRS Form 6123 or payment receipt
Copies of tax returns filed during reporting period
Summary of Unpaid Postpetition Debts	MOR-4	X
Listing of aged accounts payable	MOR-4	X
Accounts Receivable Reconciliation and Aging	MOR-5	X
Debtor Questionnaire	MOR-5	X

I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief.


Signature of Debtor		Date

Signature of Joint Debtor		Date

/s/ David Becker		July 21, 2010
Signature of Authorized Individual*		Date

David Becker		EVP, CFO and Acting President and CEO
Printed Name of Authorized Individual		Title of Authorized Individual


*		Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company.

MOR
(04/07)

UNITED STATES BANKRUPTCY COURT
DISTRICT OF DELAWARE


In re MiddleBrook Pharmaceuticals, Inc.		Case No. 10-11485
Debtor		Reporting Period: June 1 — June 30, 2010

CERTIFICATIONS

A. Bank Reconciliation Certification

The undersigned verifies that, to my knowledge, all of the Debtors’ June 30, 2010 bank balances have been reconciled in an accurate and timely manner.

B. Post-petition Taxes Certification

The undersigned verifies that, to my knowledge, all post-petition tax obligations, including but not limited to payroll, real property, income, franchise and other taxes have been paid to the proper taxing authority when due.


/s/ David Becker		July 21, 2010
Signature of Authorized Individual		Date

David Becker		EVP, CFO and Acting President and CEO
Printed Name of Authorized Individual		Title of Authorized Individual


In re: MiddleBrook Pharmaceuticals, Inc.		Case No. 10-11485
Debtor		Reporting Period: June 1 — 30, 2010

MOR 1


	Current Month						Cumulative Filing to Date
	Actual			Forecast			Actual			Forecast

Beginning Date	1-Jun-10			1-Jun-10			3-May-10			3-May-10
Ending Date	30-Jun-10			30-Jun-10			30-Jun-10			30-Jun-10

Cash — Beginning Balance	$	4,995,640		$	5,020,387		$	5,257,718		$	5,269,539

*Receipts*
Lockbox	$	178,957		$	100,809		$	261,392		$	228,359
Misc Deposit	$	27,001					$	63,568

Total Receipts	$	205,958		$	100,809		$	324,961		$	228,359

*Operating Disbursements*
Broadpoint	$	0		$	0		$	0		$	0
Cardinal Co-Pay Redemptions	$	0		$	0		$	0		$	0
Dr Directory	$	0		$	0		$	0		$	(49,826	)
Legal & Deal fees	$	0		$	0		$	0		$	0
Payroll	$	(215,391	)	$	(363,896	)	$	(476,300	)	$	(620,667	)
Severance	$	0		$	0		$	0		$	0
Vacation Payout	$	0		$	0		$	0		$	0
Invoices in A/P Aging	$	(614,475	)	$	(666,870	)	$	(697,725	)	$	(761,902	)
Misc (TX rent, Insurance, ICS)	$	(33,373	)	$	(33,500	)	$	(66,746	)	$	(63,500	)
Other	$	(2,168	)	$	0		$	(5,716	)	$	(150,000	)

Total Operating Disbursements	$	(865,406	)	$	(1,064,266	)	$	(1,246,487	)	$	(1,645,895	)


Net Operating Cash Flow	$	(659,448	)	$	(963,457	)	$	(921,526	)	$	(1,417,536	)


*Non-Operating Disbursements*
Capex
Professional Fees

Total Non-Operating Disbursements	$	0		$	0		$	0		$	0


Net Operating Cash Flow Before Financing	$	(659,448	)	$	(963,457	)	$	(921,526	)	$	(1,417,536	)


Financing Activities
Interest Payments

Financing Activities	$	0		$	0		$	0		$	0

Cash Flow	$	(659,448	)	$	(963,457	)	$	(921,526	)	$	(1,417,536	)


Ending Cash Balance (per books)	$	4,336,192		$	4,056,929		$	4,336,192		$	3,852,003



DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES: (FROM CURRENT MONTH ACTUAL COLUMN)
TOTAL DISBURSEMENTS	$	(865,406	)
LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS		0
PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. from escrow accounts)		0
TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES	$	(865,406	)


In re: MiddleBrook Pharmaceuticals, Inc.		Case No. 10-11485
Debtor		Reporting Period: June 1 — 30, 2010

Disbursements Journal

Checks cut during period


GL Posting		Checkbook		CM Trx
Date	Source Document	Amount		Number	Voided	Paid ToRcvd From
6/1/2010	PMCHK	$	3,368.95	2529	No	ExecuSuites I-270, Inc.
6/1/2010	PMCHK	$	1,025.45	2530	No	IKON Financial Services Box 650016
6/1/2010	PMCHK	$	39.41	2531	No	Maryland
6/1/2010	PMCHK	$	477.91	2532	No	NYS EPIC PROGRAM
6/9/2010	PMCHK	$	1,690.52	2533	No	Commonwealth of PA/DRP
6/9/2010	PMCHK	$	1,392.26	2534	No	CONNECTICUT MEDICAL ASSITANCE PROGRAM
6/9/2010	PMCHK	$	29.39	2535	No	D.C. Treasurer Med Asst Admin
6/9/2010	PMCHK	$	441.89	2536	No	Georgia DCH, Dept. of Medical Assist
6/9/2010	PMCHK	$	114.01	2537	No	Department of Med Asst Srvc
6/9/2010	PMCHK	$	105.42	2538	No	DHS
6/9/2010	PMCHK	$	280.69	2539	No	The Division of Hlth Care Financing
6/9/2010	PMCHK	$	48,532.83	2540	No	Health & Human Srvc Comm.
6/9/2010	PMCHK	$	437.94	2541	No	Kentucky State Treasurer
6/9/2010	PMCHK	$	19,212.24	2542	No	Louisiana Dept of Health&Hospitals
6/9/2010	PMCHK	$	13.72	2543	No	Maryland
6/9/2010	PMCHK	$	43.69	2544	No	State of Maryland
6/9/2010	PMCHK	$	6,404.90	2545	No	North Carolina XIX Drug Rebate
6/9/2010	PMCHK	$	45,018.51	2546	No	NYS Department of Health
6/9/2010	PMCHK	$	807.82	2547	No	South Carolina Dept fo H&H Srvc.
6/9/2010	PMCHK	$	116.25	2548	No	State of Alaska Dept of Hlth&SS
6/9/2010	PMCHK	$	39.19	2549	No	State of Montana-Medicaid Rebate
6/9/2010	PMCHK	$	40.69	2550	No	State of Michigan
6/9/2010	PMCHK	$	49.57	2551	No	Treasurer,St of New Hampshire
6/9/2010	PMCHK	$	138.73	2552	No	Treasurer St of Colorado
6/9/2010	PMCHK	$	29.39	2553	No	Treasurer of the State Ohio
6/9/2010	PMCHK	$	79.60	2554	No	ADP Commercial Leasing
6/9/2010	PMCHK	$	99.43	2555	No	AT Conference
6/9/2010	PMCHK	$	423.80	2557	No	RMA Chauffeured Transportation
6/9/2010	PMCHK	$	97,826.21	2558	No	United Healthcare Insurance Co.
6/9/2010	PMCHK	$	2,035.92	2559	No	UNUM Life Insurance
6/9/2010	PMCHK	$	2,269.45	2560	No	VSP — (AT)
6/9/2010	PMCHK	$	795.72	2561	No	Vista Imaging Supplies
6/9/2010	PMCHK	$	150.00	2562	No	WebEx Communications Inc.
6/9/2010	PMCHK	$	250.76	2563	No	WorldWide express
6/9/2010	PMCHK	$	1,071.09	2564	No	AT&T Mobility
6/9/2010	PMCHK	$	500.00	2565	No	Robin N. Belsaas
6/9/2010	PMCHK	$	69.42	2566	No	AT&T
6/9/2010	PMCHK	$	318.45	2567	No	Gary Herman
6/9/2010	PMCHK	$	150.00	2568	No	Ohio State Bd of Pharmacy
6/9/2010	PMCHK	$	24,456.33	2569	No	Integrated Commercialization Sol.
6/9/2010	PMCHK	$	1,066.33	2570	No	State of Mississippi Div of Medicaid
6/9/2010	PMCHK	$	1,793.73	2571	No	Indiana Medicaid Drug Rebates-
6/9/2010	PMCHK	$	47.03	2572	No	State of Wyoming
6/9/2010	PMCHK	$	1,334.49	2573	No	Oklahoma Health Care Authority
6/9/2010	PMCHK	$	19.60	2574	No	Alabama Medicaid Agency
6/9/2010	PMCHK	$	6.67	2575	No	Washington Dept of Revenue
6/9/2010	PMCHK	$	523.91	2576	No	Lynne B. Marton
6/9/2010	PMCHK	$	951.98	2577	No	ATT
6/10/2010	PMCHK	$	50.00	2578	No	NYS Sales Tax Processing
6/10/2010	PMCHK	$	257.89	2579	No	Utah State Dept of Health
6/10/2010	PMCHK	$	74.71	2580	No	Amber Tomlinson
6/10/2010	PMCHK	$	8,119.40	2581	No	Brad Cole


GL Posting		Checkbook		CM Trx
Date	Source Document	Amount		Number	Voided	Paid ToRcvd From
6/10/2010	PMCHK	$	2,260.35	2582	No	David Becker
6/10/2010	PMCHK	$	231.02	2583	No	Marcus Schestopol
6/21/2010	PMCHK	$	1,100.00	2584	No	American Stock Transfer & Trust Co
6/21/2010	PMCHK	$	154.81	2585	No	Arkansas Dept of Hlth&Human
6/21/2010	PMCHK	$	991.17	2586	No	Avaya, inc.
6/21/2010	PMCHK	$	16.59	2587	No	Broadridge
6/21/2010	PMCHK	$	566.00	2588	No	Carella, Byrne, Bain
6/21/2010	PMCHK	$	68.94	2589	No	Catalent Pharma Solutions
6/21/2010	PMCHK	$	232.79	2590	No	Corporation Service Company
6/21/2010	PMCHK	$	30,780.00	2591	No	Dakota Drug Inc.
6/21/2010	PMCHK	$	238.75	2592	No	Department of Social & Hlth Srvc
6/21/2010	PMCHK	$	783.80	2593	No	Sheila Filipponi
6/21/2010	PMCHK	$	650.89	2594	No	Missouri Healthnet Division
6/21/2010	PMCHK	$	16,650.94	2595	No	PPD Medical Communications
6/21/2010	PMCHK	$	47,893.98	2596	No	QPharma Corp
6/21/2010	PMCHK	$	24.38	2597	No	State of Rhode Island
6/21/2010	PMCHK	$	750.00	2598	No	SunTrust
6/21/2010	PMCHK	$	234.53	2599	No	TechDepot
6/21/2010	PMCHK	$	4,033.00	2600	No	Travelers
6/21/2010	PMCHK	$	1,206.77	2601	No	Dr. Donald J. Treacy
6/21/2010	PMCHK	$	7,831.46	2602	No	Wisconsin Dept of Health
6/21/2010	PMCHK	$	181.75	2603	No	WorldWide express
6/28/2010	PMCHK	$	250.00	5011	No	NH Board of Pharmacy
6/29/2010	PMCHK	$	671.94	5012	No	David Becker
6/29/2010	PMCHK	$	999.19	5013	No	Robin N. Belsaas
6/29/2010	PMCHK	$	1,944.23	5014	No	Brad Cole
6/29/2010	PMCHK	$	1,045.53	5015	No	Nicholas Garito
6/29/2010	PMCHK	$	855.06	5016	No	Gary Herman
6/29/2010	PMCHK	$	918.40	5017	No	Cynthia Tirpak
6/29/2010	PMCHK	$	73.32	5018	No	Amber Tomlinson
6/29/2010	PMCHK	$	939.40	5019	No	Dr. Donald J. Treacy
		$	399,172.28	Checks Cut

Debits to bank other than checks


Transaction				Bank		Customer
Date	Description	Amount		Ref. #		Ref. #		Payee / Description
6/1/2010	ACH DEBIT		6,320.76		10277		0	AMERICAN UNITED PENSION (401K)
6/1/2010	WIRE TRSF DEBIT FX		204,712.52		1360		0	Sandoz — FX 814628 EUR165692.04 1.235500
6/15/2010	WIRE TRANSFER DEBIT		10,000.00		3881		0	PPD DEVELOPMENT LP
6/4/2010	ACH DEBIT		341.72		2078		0	ADP PAYROLL FEES ADP — FEES
6/16/2010	ACH DEBIT		7,070.76		1028		0	AMERICAN UNITED PENSIONPMT (401K)
6/18/2010	ACH DEBIT		766.46		2212		0	ADP PAYROLL FEES ADP — FEES
6/21/2010	ACH DEBIT		589.89		1892		0	The Utility Company (IT related)
6/25/2010	ACH DEBIT		122.59		1318		0	ADP PAYROLL FEES ADP — FEES
6/25/2010	ACH DEBIT		67.65		2139		0	ADP PAYROLL FEES ADP — FEES
6/28/2010	SERVICE CHARGE		657.18		13307		0	ANALYSIS SERVICE CHARGE (bank charge)
6/30/2010	ACH DEBIT		7,070.76		757		0	AMERICAN UNITED PENSIONPMT (401K)
6/11/2010	WIRE TRANSFER DEBIT		64,520.96		2643		0	ADP TAX SVCS INC. REV. (payroll related)
6/14/2010	WIRE TRANSFER DEBIT		33,029.04		2775		0	ADP INC FUNDSMGMT (payroll-related)
6/28/2010	WIRE TRANSFER DEBIT		64,800.31		3015		0	ADP TAX SVCS INC. REV. (payroll related)
6/29/2010	WIRE TRANSFER DEBIT		32,578.57		2457		0	ADP INC FUNDSMGMT (payroll-related)
6/28/2010	ACH DEBIT		212.14					Check stock order — Capital One Bank
6/28/2010	WIRE TRANSFER DEBIT		33,372.85		W06282010			Maguire Partners — Texas rent

		$	466,234.16	Debits to Bank other than Checks


		$	865,406.44	total disbursements


GL Posting		Checkbook		CM Trx
Date	Source Document	Amount		Number		Voided	Paid ToRcvd From
Checks cleared by bank:
6/1/2010	DEBIT MEMO		447.71		16	0	CONTROL DISBURSEMENT
6/2/2010	DEBIT MEMO		4,935.00		15	0	CONTROL DISBURSEMENT
6/3/2010	DEBIT MEMO		4,444.33		14	0	CONTROL DISBURSEMENT
6/4/2010	DEBIT MEMO		383.82		40	0	CONTROL DISBURSEMENT
6/7/2010	DEBIT MEMO		4,161.90		10	0	CONTROL DISBURSEMENT
6/8/2010	DEBIT MEMO		1,750.40		24	0	CONTROL DISBURSEMENT
6/9/2010	DEBIT MEMO		1,785.59		11	0	CONTROL DISBURSEMENT
6/10/2010	DEBIT MEMO		4,046.86		23	0	CONTROL DISBURSEMENT
6/11/2010	DEBIT MEMO		50		34	0	CONTROL DISBURSEMENT
6/14/2010	DEBIT MEMO		114.12		58	0	CONTROL DISBURSEMENT
6/15/2010	DEBIT MEMO		8,175.91		248	0	CONTROL DISBURSEMENT
6/16/2010	DEBIT MEMO		29,987.62		33	0	CONTROL DISBURSEMENT
6/17/2010	DEBIT MEMO		176,202.97		7	0	CONTROL DISBURSEMENT
6/18/2010	DEBIT MEMO		11,468.93		13	0	CONTROL DISBURSEMENT
6/21/2010	DEBIT MEMO		171.42		81	0	CONTROL DISBURSEMENT
6/23/2010	DEBIT MEMO		507.54		17	0	CONTROL DISBURSEMENT
6/24/2010	DEBIT MEMO		257.89		28	0	CONTROL DISBURSEMENT
6/25/2010	DEBIT MEMO		45,065.54		57	0	CONTROL DISBURSEMENT
6/28/2010	DEBIT MEMO		18,159.44		43	0	CONTROL DISBURSEMENT
6/29/2010	DEBIT MEMO		84,498.68		43	0	CONTROL DISBURSEMENT
6/30/2010	DEBIT MEMO		9,698.05		63	0	CONTROL DISBURSEMENT

		$	406,313.72


In re: MiddleBrook Pharmaceuticals, Inc.		Case No. 10-11485
Debtor		Reporting Period: June 1 — 30, 2010

SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID
This schedule is to include all retained professional payments from case inception to current month

Amount

Check

Amount Paid

Year-To-Date

Payee

Period Covered

Approved

Payor

Number

Date

Fees

Expenses

Fees

Expenses

none in May or June


In re: MiddleBrook Pharmaceuticals, Inc.		Case No. 10-11485
Debtor		Reporting Period: June 1 — 30, 2010


	June			Cumulative
	2010			Filing to Date
Gross Sales		111,938			365,041
Sales Reserves and Allowances		471,126			519,052

Net Revenue		583,064			884,093

Cost of Goods Sold		581,284			994,268

Salaries, Bonus & Temp Labor		222,773			465,646
Benefits, Payroll Taxes, Recruiting & Relocation		79,256			95,426

Subtotal: Salaries & Benefits		302,029			561,072

Stock-Based Compensation		448,443			408,171
Marketing & Advertising		1,051			1,897
Travel & Entertainment		20,131			36,108
Facilities and Equipment Related		58,718			108,644
Insurance		76,623			160,715
Distribution Expense		124,016			223,513
Office & General Lab Supplies		3,035			4,235
Consulting & Legal Fees		897,637			1,641,200
Patents & Licensing		121,356			217,942
Audit, IR & Financial Fees		7,561			31,248
Non-Income Taxes		232			1,305
Depreciation and Amortization		221,836			593,111
Director and SAB Fees		16,560			37,476


Subtotal: FTE Expenses		2,299,227			4,026,638


Marketing Costs		85,378			134,548
Direct Project Costs		2,867			117,573

Total Expenses		2,968,756			5,273,027

Income (Loss) from Operations		(2,385,693	)		(4,388,934	)

Interest Income		0			199
Other income (expense)		0			2,905

Net Income (Loss) Before Taxes		(2,385,693	)		(4,385,830	)


Net Income (Loss)		(2,385,693	)		(4,385,830	)


In re: MiddleBrook Pharmaceuticals, Inc.		Case No. 10-11485
Debtor		Reporting Period: June 1 — 30, 2010


	Current			Petition
	Month			Date
Cash & Cash Equivalents		4,336,192			5,257,718
Accounts Receivable, net		(29,218	)		(490,487	)
Inventory		1,764,996			2,213,158
Prepaid and Other Current Assets		3,579,537			3,397,106

Property and Equipment		11,108,162			14,341,773
Accumulated Depreciation		(9,444,034	)		(12,460,925	)

Property and Equipment, net		1,664,129			1,880,848

Deposits and Other Assets		670,270			680,580

Intangible Assets		11,877,529			11,877,529
Accum. Amort — Intangibles		(3,062,960	)		(2,643,218	)

Intangible Assets, net		8,814,569			9,234,311

Total Assets		20,800,475			22,173,234

20000 - Accounts Payable — post-petition		(524,441	)		—
21201 - Accrued Payable to Lilly		(6,155	)		—
21210 - Accrued Professional Fees		(1,294,008	)		—
21250 - Accrued R&D Costs		(3,047	)		—
21275 - Accrued Keflex Copay Assistance		(285	)		—
21276 - Accrued Moxatag Copay Assistance		(15,836	)		—
21281 - Accrued Medicaid Rebates Payable		(12,073	)		—
21282 - Accrued Returns		(21,902	)		—
21290 - Other Accrued Expenses		(203,345	)		—
23200 - Wages Payable		(36,440	)		—
23650 - Employee Benefits — Flex Spending		(2,468	)		—

Accounts Payable and Accrued Expenses — Post-Petition		(2,120,001	)		—

20000 - Accounts Payable — pre-petion		(3,094,822	)		(1,214,588	)
21110 - Accrued Severance		(257,343	)		(281,258	)
21201 - Accrued Payable to Lilly		(5,252	)		(5,252	)
21210 - Accrued Professional Fees		(29,917	)		(199,917	)
21250 - Accrued R&D Costs		(136,067	)		(136,067	)
21275 - Accrued Keflex Copay Assistance		(5,329	)		(9,276	)
21276 - Accrued Moxatag Copay Assistance		(2,942,645	)		(3,705,035	)
21281 - Accrued Medicaid Rebates Payable		(417,759	)		(563,001	)
21282 - Accrued Returns		(1,909,382	)		(1,945,797	)
21290 - Other Accrued Expenses		(41,460	)		(292,773	)
23200 - Wages Payable		(306,521	)		(306,521	)
23620 - Employee Benefits Pay-401k		—			(33,339	)
23650 - Employee Benefits — Flex Spending		(9,372	)		(3,899	)
25000 - Other Current Liabilities		(4,835,277	)		(4,810,772	)

Accounts Payable and Accrued Expenses — Pre-Petition		(13,991,148	)		(13,507,496	)

Deferred Contract Revenue — non-current (pre-petition)		(11,625,000	)		(11,625,000	)
Deferred Lease Expense		(19,587	)		(18,340	)

Common Stock		(865,119	)		(865,119	)
Additional Paid in Capital		(312,689,529	)		(312,281,358	)

Retained Earnings		299,240,744			299,240,744
YTD P&L		21,269,166			16,883,336

Accumulated Deficit		320,509,910			316,124,080


Stockholders’ Equity		6,955,261			2,977,602

Liabilities & Stockholders’ Equity		(20,800,475	)		(22,173,234	)


In re: MiddleBrook Pharmaceuticals, Inc.		Case No. 10-11485
Debtor		Reporting Period: June 1 — 30, 2010


Other Post-petition liabilities
Professional bankruptcy fees — creditors’ committee cousel & FA		594,090.74
Professional bankruptcy fees — equity committee counsel		300,000.00
Professional bankruptcy fees — corporate and local counsel		218,257.87
Professional bankruptcy fees — KCC estimate		28,500.00
Professional legal fees (May & June)		93,468.05
DoctorDirectory (June estimate)		44,089.26
PPD estimate		17,000.00
Other miscellaneous May & June accruals — no invoices yet		201,946.55


	$	1,497,352


In re: MiddleBrook Pharmaceuticals, Inc.		Case No. 10-11485
Debtor		Reporting Period: June 1 — 30, 2010

SUMMARY OF UNPAID POSTPETITION DEBTS

Attach aged listing of accounts payable.


	Number of Days Past Due
	Current		0-30		31-60		61-90		Over 90		Total
Accounts Payable		198,199.76		5,449.58		—		—		—		203,649.34
Wages Payable (401k contributions)		—		—		—		—		—		—
Taxes Payable (payroll-related taxes)		—		—		—		—		—		—
Rent/Leases-Building		—		—		—		—		—		—
Rent/Leases-Equipment		—		—		—		—		—		—
Secured Debt/Adequate Protection Payments		—		—		—		—		—		—
Professional Fees		318,481.28		2,310.20		—		—		—		320,791.48
Amounts Due to Insiders*		—		—		—		—		—		—
Other:__________________________		—		—		—		—		—		—
Other:__________________________		—		—		—		—		—		—
Total Postpetition Debts		516,681.04		7,759.78		—		—		—		524,440.82

Explain how and when the Debtor intends to pay any past-due postpetition debts.

All amounts in 0 — 30 days past due were paid in early July, just beyond the due date.


*		“Insider” is defined in 11 U.S.C. Section 101(31).

FORM MOR-4
(04/07)


In re: MiddleBrook Pharmaceuticals, Inc.		Case No. 10-11485
Debtor		Reporting Period: June 1 — 30, 2010

SUMMARY OF UNPAID POSTPETITION DEBTS


		Voucher				Current Trx
Vendor ID	Vendor Name	Number		Document Date		Amount			Document Number	Document Type	Paid Date
ADP001	ADP		038287		6/11/2010	$	2,894.02		443202	Invoice		7/1/2010
ALS002	Alston & Bird LLP		038357		7/14/2010	$	204,155.20		May 2010 80%	Invoice
ALS002	Alston & Bird LLP		038358		7/14/2010	$	51,038.80		May 2010 20%	Invoice
ALS002	Alston & Bird LLP		038359		7/14/2010	$	5,825.95		May 2010 Exps	Invoice
ATC003	AT Conference		038335		6/30/2010	$	16.98		1788830610	Invoice
ATT011	AT&T Mobility		038344		6/29/2010	$	832.89		836833917X07082010	Invoice
ATT013	A T & T 8174909174/8174908790		038337		6/27/2010	$	77.52		8174908790 062010	Invoice
ATT013	A T & T 8174909174/8174908790		038340		6/27/2010	$	354.20		8174909174 062010	Invoice
ATT013	A T & T 8174909174/8174908790		038341		6/27/2010	$	1,043.44		8310001262 062010	Invoice
ATT013	A T & T 8174909174/8174908790		038343		6/29/2010	$	1,290.15		8178371200 062010	Invoice
BOW001	Bowne of New York City		038318		6/23/2010	$	1,342.40		I100641420	Invoice		7/1/2010
CSC003	Corporation Service Company		038297		5/7/2010	$	53.25		52938683	Invoice		7/1/2010
DCT002	D.C. Treasurer Med Asst Admin		038286		5/31/2010	$	2,500.00		FILING FEE 2009	Invoice		7/1/2010
DEP008	Department of Health Services		038300		6/7/2010	$	37.23		1104220101	Invoice		7/1/2010
DOC002	DoctorDirectory.Com, Inc.		038317		6/29/2010	$	58,454.19		4861	Invoice		7/1/2010
EXC003	Excel Micro		038342		7/8/2010	$	120.00		0097746	Invoice
EXC003	Excel Micro		038333		6/8/2010	$	63.00		0094777	Invoice		7/7/2010
FLE001	FlexAmerica, Inc.		038367		6/28/2010	$	200.00		25707	Invoice
FRA007	Franchise Tax Board - CA		038293		6/15/2010	$	34.98		3169462	Invoice		7/1/2010
HEA012	Healthcare & Family Services		037619		3/9/2010	$	(145.27	)	1104220094	Credit Memo
ICS001	Integrated Commercialization Sol.		038346		7/6/2010	$	24,962.99		15110012950	Invoice
IKO005	IKON Finacial Services		038291		6/15/2010	$	202.18		82336798	Invoice		7/1/2010
IKO005	IKON Finacial Services		038290		6/15/2010	$	292.28		82367227	Invoice		7/1/2010
IRO001	Iron Mountain		038218		5/31/2010	$	156.12		BYT1429	Invoice		7/1/2010
KUR001	Kurtzman Carson Consultants		038282		6/15/2010	$	57,461.33		05312010	Invoice
KUR001	Kurtzman Carson Consultants		038283		5/25/2010	$	2,310.20		USKCC310005	Invoice		7/1/2010
MAR018	Lynne B. Marton		038365		7/1/2010	$	656.25		MB070110	Invoice
MIS003	Mississippi State Tax Commission		038284		5/25/2010	$	72.45		287112 DEC 2008	Invoice		7/1/2010
PIC003	Picture This Communications, Inc.		038320		6/23/2010	$	885.00		1517	Invoice		7/1/2010
PRO011	Prostar Services, Inc.		038305		6/24/2010	$	45.36		348547	Invoice		7/1/2010
PUR001	Pure Compliance		038131		5/19/2010	$	3,477.00		C01315	Invoice		7/1/2010
PUR001	Pure Compliance		038298		6/22/2010	$	765.00		C02661	Invoice		7/1/2010
QPH001	QPharma Corp		038334		6/30/2010	$	99,052.64		20968	Invoice
RXS001	RX Sample Solution		038368		7/12/2010	$	612.50		54943	Invoice
SHR003	Shred-it USA, DBA Shred-it Dallas		038261		6/17/2010	$	50.00		3737505657	Invoice
STA011	State of New Jersey Div		038296		5/4/2010	$	881.49		522208264 2009	Invoice		7/1/2010
TRA006	Transport Solutions Inc		038285		5/31/2010	$	250.00		8100028	Invoice		7/1/2010
VER004	Verizon		038312		6/28/2010	$	903.85		6433957631	Invoice		7/1/2010
VER010	Verizon Business		038339		6/26/2010	$	45.93		148901006	Invoice
WEB001	WebEx Communications Inc.		038338		6/23/2010	$	150.00		3542277	Invoice
WES008	West Virginia State Tax Dept		038295		5/4/2010	$	765.39		L1118294784	Invoice		7/1/2010
WOR005	WorldWide express		038345		6/29/2010	$	91.91		986788	Invoice
WOR005	WorldWide express		038288		6/2/2010	$	11.08		945924	Invoice		7/1/2010
WOR005	WorldWide express		038292		6/15/2010	$	45.56		959602	Invoice		7/1/2010
WOR005	WorldWide express		038289		6/16/2010	$	105.38		972987	Invoice		7/1/2010


						$	524,440.82


In re: MiddleBrook Pharmaceuticals, Inc.		Case No. 10-11485
Debtor		Reporting Period: June 1 — 30, 2010

ACCOUNTS RECEIVABLE RECONCILIATION AND AGING


Accounts Receivable Reconciliation	Amount
Total Accounts Receivable at the beginning of the reporting period		605,932.48
+ Amounts billed during the period		111,937.73
- Amounts collected during the period		(178,957.37	)
- Other adjustments during period		(18,146.94	)
Total Accounts Receivable at the end of the reporting period		520,765.90

Accounts Receivable Aging	Amount
0 - 30 days old		112,029.21
31 - 60 days old		169,435.18
61 - 90 days old		235,261.08
91+ days old		3,866.08
Total Accounts Receivable		520,591.55
Amount considered uncollectible (Bad Debt)		—
Accounts Receivable (Net)		520,591.55			174.35
				reconciling item

DEBTOR QUESTIONNAIRE


Must be completed each month	Yes	No
1. Have any assets been sold or transferred outside the normal course of business this reporting period? If yes, provide an explanation below.		X
2. Have any funds been disbursed from any account other than a debtor in possession account this reporting period? If yes, provide an explanation below.		X
3. Have all postpetition tax returns been timely filed? If no, provide an explanation below.	X
4. Are workers compensation, general liability and other necessary insurance coverages in effect? If no, provide an explanation below.	X
5. Has any bank account been opened during the reporting period? If yes, provide documentation identifying the opened account(s). If an investment account has been opened provide the required documentation pursuant to the Delaware Local Rule 4001-3.	X

We created new accounts at Capital One Bank in June and previously provided the account numbers.

FORM MOR-5
(04/07)

MiddleBrook Pharmaceuticals, Inc. - FORM 8-K - EX-99.1 - EXHIBIT 99.1 - July 21, 2010

Attached files

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