Unilife Corp - FORM 8-K - EX-99.1

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8-K - 8-K - Unilife Corp	unis-8k_20170601.htm

Exhibit 99.1

IN THE UNITED STATES BANKRUPTCY COURT

FOR THE DISTRICT OF DELAWARE

In re	Unilife Corporation, et al. [1]		Case No. 17-10805 (LSS)
			Reporting Period:	April 12, 2017 to April 30, 2017

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.

REQUIRED DOCUMENTS	Form No.	Document Attached	Affidavit/Supplement Attached	Footnote
Schedule of Cash Receipts and Disbursements	MOR-1	X
Bank Reconciliation (or copies of debtor's bank reconciliations)	MOR-1a	X
Schedule of Professional Fees Paid	MOR-1b	X
Copies of bank statements			See Declaration.
Cash disbursements journals		X
Statement of Operations	MOR-2	See MOR-1.		[2]
Balance Sheet	MOR-3	X
Status of Postpetition Taxes	MOR-4	X
Copies of IRS Form 6123 or payment receipt			See Declaration.	[3]
Copies of tax returns filed during reporting period			Sec Declaration.	[3]
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 I 746) that this report and the attached documents

are true and correct to the best of my knowledge and belief.

/s/ John Ryan		6/1/2017
Signature of Debtor		Date

John Ryan		Chief Executive Officer
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.

[1] The debtors' names arc abbreviated in this report as follows:

Unilife Corporation - UC

Unilife Medical Solutions, Inc. - UMS

Unilife Cross Farm LLC - UCF

[2] Post-petition, the Debtor began keeping its books on a cash basis. Accordingly, the Statement of Operations (MOR-2)

and the Schedule of Cash Receipts and Disbursements (MOR-1) present the same information.

[3] No tax returns, including IRS Form 6123, were filed during the period.

MOR

(04/07)

In re	Unilife Corporation, et al.		Case No.	17-10805
	Debtor		Reporting Period:		April 12, 2017 to April 30, 2017

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

Amounts reported should be per the debtor’s books, not the bank statement. The beginning cash should be the ending cash from the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the “CURRENT MONTH – ACTUAL” column must equal the sum of the four bank account columns. The amounts reported in the “PROJECTED” columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements listed in the disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each account. [See MOR-1 (CON’T)]

					BANK ACCOUNTS											CURRENT MONTH					CUMULATIVE FILING TO DATE
	UC				UMS						UCF					CONSOLIDATED					CONSOLIDATED
	OPERATING		OTHER		OPERATING		PAYROLL		OTHER		OPERATING			OTHER		ACTUAL		PROJECTED [1]			ACTUAL		PROJECTED [1]
CASH BEGINNING OF MONTH	$	4,063	$	136,062	$	1,743,039	$	-	$	35,257	$	1		$	-	$	1,918,421	$	1,664,064		$	1,918,421	$	1,664,064

RECEPTS
CASH SALES	-		-		-		-		-		-			-		-					-		-
ACCOUNTS RECEIVABLE	-		-			6,000	-		-		-			-			6,000					6,000	-
LOANS AND ADVANCES		1,000,000	-		-		-		-		-			-			1,000,000		1,000,000			1,000,000		1,000,000
SALE OF ASSETS	-		-		-		-		-		-			-		-					-		-
OTHER (ATTACH LIST)	242		101			242		35,056		22	-			-			35,572					35,672	-
TRANSFERS (FROM DIP ACCTS)	-		-			785,066		417,596	-		-			-			1,202,663					1,202,663	-

TOTAL RECEIPTS		1,000,242	101			791,308		452,663		22	-			-			2,244,335		1,000,000			224,335		1,000,000


DISBURSEMENTS
NET PAYROLL	-		-		-			281,306	-		-			-			281,306		435,101			281,306		435,101
PAYROLL TAXES	-		-		-			127,173	-		-			-			127,173		27,159			127,173		27,159
SALES, USE, & OTHER TAXES	-		-			2,000	-		-		-			-			2,000	-				2,000	-
INVENTORY PURCHASES	-		-		-		-		-		-			-		-		-			-		-
SECURED/RENTAL/LEASES	-		-		-		-		-		-			-		-		-			-		-
INSURANCE	-		-			17,743	-		-		-			-			17,743		17,750			17,743		17,750
ADMINISTRATIVE	-		-		-		-		-		-			-		-			262,411		-			262,411
SELLING	-		-		-		-		-		-			-		-		-			-		-
OTHER (ATTACH LIST)		333	-			267		9,117	-			3		-			9,740		283,333			9,740		283,333
																-		-			-		-
OWNER DRAW *	-		-		-		-		-		-			-		-		-			-		-
TRANSFERS (TO DIP ACCTS)		750,000	-			417,596		35,066	-		-			-			1,202,663	-				1,202,663	-

PROFESSIONAL FEES	-		-		-		-		-		-			-		-		-			-		-
U.S. TRUSTEE QUARTERLY FEES	-		-		-		-		-		-			-		-		-			-		-
COURT COSTS	-		-		-		-		-		-			-		-		-			-		-
TOTAL DISBURSEMENTS		750,333	-			437,626		452,663	-			3		-			164,525		1,025,754			1,640,625		1,025,754

NET CASHFLOW		249,909		101		353,682	-			22		(3	)	-			603,710		(25,754	)		603,710		(25,754	)
(RECEIPTS LESS DISBURSEMENTS)

CASH END OF MONTH	$	253,971	$	136,162	$	2,095,722	$	-	$	35,278	$	(2	)	$	-	$	2,522,131	$	1,638,310		$	2,522,131	$	1,638,310

*COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPCY ESTATE

[1] PROJECTIONS PER DIP BUDGET.

THE FOLLOWING SECTION MUST COMPLETED
DISBURSEMENTS FOR CALCULATING U.S TRUSTEE QUARTERLY FEES: (FROM CURRENT MONTH ACTUAL COLUMN)
TOTAL DISBURSEMENTS	$	1,040,025
LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS	$	1,202,663
PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e from escrow accounts)	$	93,603
TOTAL DISBURSEMENTS FOR CALCULATING U.S TRUSTEE QUARTERLY FEES	$	531,571

FORM MOR-1

(04/07)

In re	Unilife Corporation, et al.		Case No.	17-10805
	Debtor		Reporting Period:		April 12, 2017 to April 30, 2017

BANK RECONCILIATIONS

Constitution Sheet for MOR-1

A bank reconciliation must be included for each bank account. The debtor’s bank reconciliation may be substituted for this page

	UMS			UMS			UMS			UMS			UMS			UMS			UMS			UMS			UMS			UMS
	Petty Cash (Operating)			Operating			Operating			Operating			Operating			Other-Savings			Total Operating			Payroll			Other ~ PNC CD			Restricted Bond
	#	n/a		#	0928		#	0570		#	3760		#	4310		#	1600					#	6102		#	3480		#	n/a
BALANCE PER BOOKS			476			590,142			1,500,896			8			4,958			242			2,096,722		-				35,278			300,003

BANK BALANCE			476			590,142			1,500,896			8			4,958			242			2,096,722			-			35,278			300,003
(*) DEPOSITS IN TRANSIT (ATTACH LIST)			-			-			-			-			-			-			-			-			-			-
(*) OUTSTANDING CHECKS (ATTACH LIST)			-			-			-			-			-			-			-			-			-			-
OTHER (ATTACH EXPLANATION)			-			-			-			-			-			-			-			-			-			-
ADJUSTED BANK BALANCE *		$	476		$	590,142		$	1,500,896		$	8		$	4,958		$	242		$	2,096,722		$	-		$	35,278		$	300,003
* Adjusted bank balance must
equal balance per books

DEPOSITS IN TRANSIT	Date	Amount		Date	Amount		Date	Amount		Date	Amount		Date	Amount		Date	Amount					Date	Amount		Date	Amount		Date	Amount







CHECKS OUTSTANDING	Ck. #	Amount		Ck. #	Amount		Ck. #	Amount		Ck. #	Amount		Ck. #	Amount		Ck. #	Amount					Ch. #	Amount		Ck. #	Amount		Ck. #	Amount





OTHER
OTHER RECEIPTS
Interest		$	-		$	-		$	-		$	-		$	-		$	242					$	-		$	22		$	-
Refund from ADP			-			-			-			-			-			-						35,066			-			-
Total		$	-		$	-		$	-		$	-		$	-		$	242					$	35,066		$	22		$	-

OTHER DISBURSEMENTS:
Bank Fees		$	-		$	-		$	-		$	-		$	-		$	-					$	-		$	-		$	-
Postage			8			-			-			-			-			-						-			-			-
ADP Fees			-			-			-			-			-			-						9,117			-			-
Total		$	8		$	-		$	-		$	-		$	-		$	-					$	9,117		$	-		$	-

FORM MOR-1a

(04/07)

In re	Unilife Corporation, et al.		Case No.	17-10805
	Debtor		Reporting Period:		April 12, 2017 to April 30, 2017

BANK RECONCILIATIONS

Constitution Sheet for MOR-1

A bank reconciliation must be included for each bank account. The debtor’s bank reconciliation may be substituted for this page

	UC			UC			UC			UC			UC			UCF				UCF
	Operating			Operating			Operating			Total Operating			Other - AMEX CD			Operating				Restricted Escrow
	#	2022		#	6509		#	1693					#	1859-4		#	1933			#		0600
BALANCE PER BOOKS		$	249,940		$	3,789		$	242			253,971		$	136,162		$	(2	)		$	2,025,911

BANK BALANCE			249,940			3,789		242				253,971			136,162			(2	)			2,025,911
(+) DEPOSITS IN TRANSIT (ATTACH LIST)			-			-			-			-			-			-				-
(-) OUTSTANDING CHECKS (ATTACH LIST)			-			-			-			-			-			-				-
OTHER (ATTACH EXPLANATION)			-			-			-			-			-			-				-
ADJUSTED BANK BALANCE *		$	249,940		$	3,789		$	242		$	253,971		$	136,162		$	(2	)		$	2,025,911
* Adjusted bank balance must equal
balance per books

DEPOSITS IN TRANSIT	Date	Amount		Date	Amount		Date	Amount					Date	Amount		Date	Amount			Date	Amount







CHECKS OUTSTANDING	Ck. #	Amount		Ch. #	Amount		Ck. #	Amount					Ck. #	Amount		Ck. #	Amount			Ck. #	Amount





OTHER
OTHER RECEIPTS
Interest		$	-		$	-		$	242					$	101		$	-			$	-
Refund from ADP			-			-			-						-			-				-
Total		$	-		$	-		$	242					$	101		$	-			$	-

OTHER DISBURSEMENTS
Bank Fees		$	333		$	-		$	-					$	-		$	3			$	-
Postage			-			-			-						-			-				-
ADP Fees			-			-			-						-			-				-

FORM MOR-1a

(04/07)

In re	Unilife Corporation, et al.		Case No.	17-10805
	Debtor		Reporting Period:		April 12, 2017 to April 30, 2017

SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID

This schedule is to include all retained professional payments from case inception to current month

Payee	Period Covered	Amount Approved	Payor	Check		Amount Paid		Year-To-Date
Payee	Period Covered	Amount Approved	Payor	Number	Date	Fees	Expenses	Fees	Expenses
None.

FORM MOR-1b

(04/07)

In re	Unilife Corporation, et al.		Case No.	17-10805
	Debtor		Reporting Period:		April 12, 2017 to April 30, 2017

CASH DISBURSEMENTS JOURNAL

Date	Description	Amount		Check #	Payee

04/18/17	EMPLOYEE FSA CONTRIBUTIONS FROM 4/14 PAYROLL	$	3,601.21	ACH	TASC

04/18/17	TAX PAYMENT		2,000.00	ACH	NEW JERSEY

04/20/17	EMPLOYEE FSA CONTRIBUTIONS FROM 4/14 PAYROLL		1,080.00	ACH	TASC

04/20/17	MONTHLY INSURANCE FUNDING DUE 4/25		17,743.01	34190	CHUBB

04/20/17	MORTGAGE PAYMENT FROM CROSS FARM LLC ESCROW		93,608.23	BANK	FNB

04/21/17	EMPLOYEE 401K CONTRIBUTIONS ($26,078.37) AND EMPLOYER MATCH ($8,629.68) FROM 4/14 PAYROLL		34,708.05	ACH	FIDELITY

04/21/17	HRA FUNDING FOR WEEK ENDED 4/21		1,382.89	ACH	HIGHMARK

04/26/17	PAYROLL FUNDING FOR 4/28		239,742.10	WIRE	ADP

04/27/17	PAYROLL TAXES WITHHELD		127,173.35	ACH	ADP

04/27/17	HRA FUNDING FOR WEEK ENDED 4/28	809.52		ACH	HIGHMARK

04/27/17	BANK FEES	263.00		BANK	HSBC

04/28/17	MONTHLY PROCESSING FEE		9,117.12	ACH	ADP

04/28/17	BANK FEES	16.23		BANK	FNB

04/28/17	BANK FEES	3.26		BANK	FNB

04/28/17	BANK FEES	333.32		BANK	FNB

VARIOUS	POSTAGE		7.50	N/A	USPS

		$	531,570.79

In re	Unilife Corporation, et al.		Case No.	17-10805
	Debtor		Reporting Period:		April 12, 2017 to April 30, 2017

BALANCE SHEET

The Balance Sheet is to be completed on an accrual basis only. Pre-petition liabilities must be classified separately from postpetition obligations.

$ in 000s
ASSETS	UC						UMS						UCF						Eliminations						Consolidated
CURRNET ASSETS	Period			Petition			Period			Petition			Period			Petition			Period			Petition			Period			Petition
Unrestricted Cash and Equivalents	$	390		$	140		$	2,132		$	1,778		$	-		$	0		$	-		$	-		$	2,522		$	1,918
Restricted Cash and Cash Equivalents (see continuation sheet)		-			-		300			300				2,026			2,120			-			-			2,326			2,420
Accounts Receivable (Net)		-			-			1,159			1,109			-			-			-			-			1,159			1,109
Notes Receivable		-			-			-			-			-			-			-			-			-			-
Inventories		-			-		95			95				-			-			-			-		95			95
Prepaid Expenses	366			396			400			825			68			78				-			-		834				1,299
Professional Retainers	398			398				-			-			-			-			-			-		398			398
Other Current Assets (attach schedule)		-			-		251			251				-						-			-		251			251
TOTAL CURRENT ASSETS		1,154		934				4,336			4,358			2,094			2,198			-			-			7,584			7,489
PROPERTY AND EQUIPMENT
Real Property and Improvements		-			-			-			-			47,614			47,614			-			-			47,614			47,614
Machinery and Equipment		-			-			58,843			58,843			-			-			-			-			58,843			58,843
Furniture, Fixtures and Office Equipment		-			-			1,347			1,347		39			39				-			-		1.386				1,386
Leasehold Improvements		-			-		437			437				-			-			-			-		437			437
Vehicles		-			-		32			32				-			-			-			-		32			32
Less Accumulated Depreciation & Impairment		-			-		(50,941)				(50,781	)		(5,080	)		(5,037	)		-			-			(56,021	)		(55,818	)
TOTAL PROPERTY & EQUIPMENT		-			-			9,719			9,879			42,572			42,615			-			-			52,291			52,494
OTHER ASSETS
Loans to Insiders*		-			-			-			-			-			-			-			-			-			-
Other Assets (attach schedule)		-			-			-			-			-			-			-			-			-			-
TOTAL OTHER ASSETS		-			-			-			-			-			-			-			-			-			-

TOTAL ASSETS		1,154		934				14,055			14,237			44,666			44,813			-			-			59,876			59,984


LIABILITIES AND OWNER EQUITY	UC						UMS						UCF						Eliminations						Consolidated
LIABLIITIES NOT SUBJECT TO COMPROMISE (PostPetition)	Period			Petition			Period			Petition			Period			Petition			Period			Petition			Period			Petition
Accounts Payable	12				-		69				-			-			-			-			-		80				-
Taxes Payable (refer to FORM MOR-4)		-			-		61				-			-			-			-			-		61				-
Wages Payable		-			-		123				-			-			-			-			-		123				-
Notes Payable (Intercompany)		(750	)		-		750				-			-			-			-			-			-			-
Rent / Leases - Building/Equipment		-			-		67				-			-			-			-			-		67				-
Secured Debt / Adequate Protection Payments		1,000			-			-			-			-			-			-			-			1,000			-
Professional Fees		-			-			-			-			-			-			-			-			-			-
Amounts Due to Insiders*		-			-			-			-			-			-			-			-			-			-
Other Postpetition Liabilities (attach schedule)		-			-			-			-			-			-			-			-			-			-
TOTAL POSTPETITION LIABILITIES	262				-			1,070			-			-			-			-			-			1,331			-
LIABILITES SUBJECT TO COMPROMISE (Pre-Petition)
Secured Debt [1]		130,804			130,804			133,554			133,554			100,581			100,623			(217,450	)		(217,492	)		147,489			147,489
Priority Debt [2]		-			-		306			385			16			16				-			-		321			401
Unsecured Debt [3], [4]		5,032			5,032			262,255			262,255			43,326			43,326			-			-			310,613			310,613
TOTAL PRE-PETITION LIABILITES		135,836			135,836			396,115			396,194			143,923			143,965			(217,450	)		(217,492	)		458,424			458,503

TOTAL LIABILITIES		136,098			135,836			397,184			396,194			143,923			143,965			(217,450	)		(217,492	)		459,755			458,503
OWNER EQUITY
Common Stock		(1,264	)		(1,264	)		(11	)		(11	)		-			-			-			-			(1,275	)		(1,275	)
Treasury Stock		-			-			(819	)		(819	)		-			-			-			-			(819	)		(819	)
Additional Paid-In Capital		278,277			278,277			(29,425	)		(29,425	)		(86,772	)		(86,772	)		-			-			162,080			162,080
Accumulated Other Comprehensive Income - Pre-petition		-			-			(128	)		(128	)		-			-			-			-			(128	)		(128	)
Retained Earnings - Pre-Petition		(411,915	)		(411,915	)		(351,574	)		(351,574	)		(12,380	)		(12,380	)		217,450			217,492			(558,419	)		(558,377	)
Retained Earnings - Postpetition		(42	)		-			(1,172	)		-			(105	)		-			-			-			(1,319	)		-
Adjustments to Owner Equity (attach schedule)		-			-			-			-			-			-			-			-			-			-
Postpetition Contributions (Distributions) (Draws) (attach schedule)		-			-			-			-			-			-			-			-			-			-
NET OWNER EQUITY		(134,944	)		(134,902	)		(383,129	)		(381,957	)		(99,257	)		(99,152	)		217,450			217,492			(399,879	)		(398,519	)

TOTAL LIABILITES AND OWNERS' EQUITY	$	1,154		$	934		$	14,055		$	14,237		$	44,666		$	44,813		$	-		$	-		$	59,876		$	59,984

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

[1] Cross Farm LLC paid the monthly mortgage payment on 250 Cross Farm Lane from the escrow account under control of FNB.

[2] Paid certain priority wage claims per Court order.

[3] Consolidated pre-petition unsecured debt includes uneliminated intercompany payable claims. As per bankruptcy schedules, net intercompany receivables booked at $0.

[4] Added $72,047 in pre-petition invoices to the scheduled amount of UMS pre-petition unsecured debt. Reduced scheduled UMS pre-petition unsecured debt by $17,743.01 for post-petition amounts included in pre-petition balance for Chubb & Son. Further reduced scheduled amount of UMS pre-petition debt for severance overstated by $18,846.

FORM MOR-3

(04/07)

In re	Unilife Corporation, et al.		Case No.	17-10805
	Debtor		Reporting Period:		April 12, 2017 to April 30, 2017

BALANCE SHEET – continuation of sheet

		BOOK VALUE AT END OF		BOOK VALUE ON
	ASSETS	CURRENT REPORTING MONTH		PETITION DATE
Other Current Assets
	Security Deposits		250,511.20		250,511.20





Other Assets






		BOOK VALUE AT END OF		BOOK VALUE ON
	LIABILITIES AND OWNER EQUITY	CURRENT REPORTING MONTH		PETITION DATE
Other Postpetition Liabilities






Adjustments to Owner Equity






Postpetition Contributions (Distributions) (Draws)

Restricted Cash is cash that is restricted for a specific use and not available to fund operations. Typically, restricted cash is segregated into a separate account, such as an escrow account.

FORM MOR-3 CONT’D

(04/07)

In re	Unilife Corporation, et al.		Case No.	17-10805
	Debtor		Reporting Period:		April 12, 2017 to April 30, 2017

STATUS OF POSTPETITION TAXES

The beginning tax liability should be the ending liability from the prior month or, if this is the first report, the amount should be zero.

Attach photocopies of IRS Form 6123 or payment receipt to verify payment or deposit of federal payroll taxes.

Attach photocopies of any tax returns filed during the reporting period.

	Beginning		Amount						Ending
	Tax		Withheld or		Amount		Date	Check No.	Tax
	Liability		Accrued		Paid		Paid	or EFT	Liability
Federal
Withholding	$	12,187	$	78,388	$	60,936	4/27/2017	WIRE	$	29,639
FICA-Employee		5,081		32,199		25,403	4/27/2017	WIRE		11,877
FICA-Emoloyer		5,081		32,199		25,403	4/27/2017	WIRE		11,877
Unemployment		5		31		24	4/27/2017	WIRE		12
Income		-		-		-				-
Other:		-		-		-				-
Total Federal Taxes		22,353		142,818		111,766				53,405
State and Local
Withholding		2,956		19,026		14,780	4/27/2017	WIRE		7,202
Sales		-		-		-				-
Excise		-		-		-				-
Unemployment		126		812		628	4/27/2017	WIRE		310
Real Property		-		-		-				-
Personal Property		-		-		-				-
Other:		-		-		-				-
Total State and Local		3,082		19,838		15,408	4/27/2017	WIRE		7,511
Total Taxes	$	25,435	$	162,655	$	127,173			$	60,917

SUMMARY OF UNPAID POSTPETITION DEBTS

Attach aged listing of accounts payable.

Unilife Corporation:

	Number of Days Past Due
	Current		0-30		31-60		61-90		Over 90		Total
Accounts Payable		-		11,755		-		-		-		11,755
Wages Payable		-		-		-		-		-		-
Taxes Payable		-		-		-		-		-		-
Rent/Leases-Building		-		-		-		-		-		-
Rent/Leases-Equipment		-		-		-		-		-		-
Secured Debt/Adequate Protections Payments		-		-		-		-		-		-
Professional Fees		-		-		-		-		-		-
Amounts Due to Insiders*		-		-		-		-		-		-
Other:		-		-		-		-		-		-
Other:		-		-		-		-		-		-
Total Postpetition Debts		-		11,755		-		-		-		11,755

Unilife Medical Solutions, Inc.:

	Number of Days Past Due
	Current		0-30		31-60		61-90		Over 90		Total
Accounts Payable		12,254		56,271		-		-		-		68,524
Wages Payable		123,265		-		-		-		-		123,265
Taxes Payable		60,917		-		-		-		-		60,917
Rent/Leases-Building		-		66,881		-		-		-		66,881
Rent/Leases-Equipment		-		-		-		-		-		-
Secured Debt/Adequate Protections Payments		-		-		-		-		-		-
Professional Fees		-		-		-		-		-		-
Amounts Due to Insiders*		-		-		-		-		-		-
Other:		-		-		-		-		-		-
Other:		-		-		-		-		-		-
Total Postpetition Debts		196,435		123,151		-		-		-		319,587

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

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

FORM MOR-4

(04/07)

In re	Unilife Corporation, et al.		Case No.	17-10805
	Debtor		Reporting Period:		April 12, 2017 to April 30, 2017

ACCOUNTS RECEIVABLE RECONCILIATION AND AGING

Accounts Receivable Reconciliation	Amount
Total Accounts Receivable at the beginning of the reporting period	$	1,139,625
+ Amounts billed during the period		56,854
- Amounts collected during the period		(6,000	)
Total Accounts Receivable at the end of the reporting period		1,190,480
Accounts Receivable Aging	Amount
0 - 30 days old		1,072,796
31 - 60 days old		60,000
61 - 90 days old		26,750
91+ days old		30,934
Total Accounts Receivable		1,190,480
Amount considered uncollectible (Bad Debt)		(30,934	)
Accounts Receivable (Net)	$	1,159,546

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 accounts(s). If an investment account has been opened provide the required documentation pursuant to the Delaware Local Rule 4001-3.		X

FORM MOR-5

(04/07)

Unilife Corp - FORM 8-K - EX-99.1 - June 2, 2017

Attached files

Unilife Corp Reports