UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of report (Date of earliest event reported): April 15, 2015

Hipcricket, Inc.
(Exact name of registrant as specified in Charter)

Delaware
  
333-57818
  
20-0122076
(State or other
jurisdiction of
incorporation)
  
(Commission File No.)
  
(IRS Employer
Identification
No.)

110 110th Avenue NE, Suite 410
Bellevue, WA  98004
(Address of Principal Executive Offices)

(425) 452-1111
(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 
 

Item 8.01                      Other Events.

Modified SEC Reporting

As previously disclosed, on January 20, 2015, Hipcricket, Inc. (the “Company”) filed a voluntary petition for relief under chapter 11 of Title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”).  During the pendency of the bankruptcy proceedings, the Company has adopted a modified reporting program with respect to its reporting obligations under federal securities laws.  In lieu of filing annual reports on Form 10-K and quarterly reports on Form 10-Q, each month the Company will file with the Securities and Exchange Commission (“SEC”) a current report on Form 8-K that will have attached to it the monthly financial report required by the Bankruptcy Court.  Accordingly, the Company will not file an annual report on Form 10-K for the year ended February 28, 2015.  The Company will continue to file current reports on Form 8-K as required by federal securities laws.  The Company believes that this modified reporting program is consistent with the protection of its investors as set forth in Exchange Act Release No. 9660, dated June 30, 1972.

Monthly Operating Report

On April 15, 2015, the Company filed its unaudited and unreviewed monthly operating report for the reporting period of March 1, 2015 through March 31, 2015 (the “Monthly Report”) with the Bankruptcy Court.  A copy of the Monthly Report is attached hereto as Exhibit 99.1 and incorporated herein by reference.

The Company cautions readers not to place undue reliance upon the information contained in the Monthly Report.  Information is the Monthly Report reflects only information related to the Company.  The Monthly Report contains financial statements and other financial information that has not been audited or reviewed by independent accountants and may be subject to further review and potential adjustment.  The Monthly Report is in a format prescribed by applicable bankruptcy laws, was prepared solely for the purpose of complying with the monthly reporting requirements in the Company’s bankruptcy proceeding and contains information that is less comprehensive than, and for periods that are shorter or different from those, required in periodic reports filed with the SEC under the Securities Exchange Act of 1934, as amended.  The information set forth in the Monthly Report should not be viewed as representative of the Company’s expected operating results for future periods.

For access to the Bankruptcy Court documents and other general information about the Company’s bankruptcy case (In re Hipcricket, Case No. 15-10104), please visit www.omnimgt.com/hipcricket.  Information contained on or accessible through such website is not part of this Current Report.

Cautionary Note Regarding the Chapter 11 Case

The Company’s stockholders are cautioned that trading in shares of the Company’s common stock during the pendency of the Company’s bankruptcy proceedings is highly speculative and poses substantial risks.  Under the proposed plan of reorganization of the Company (the “Plan”), shares of Company common stock outstanding on the effective date of the Plan will automatically be deemed cancelled and extinguished, and the Company’s stockholders will not be entitled to receive or retain any cash, securities or other property on account of their cancelled and extinguished common shares.  As a result, the Company expects that its currently outstanding common stock has no value.  The Company’s common stock continues to be is quoted on the “No Information” tier of the OTC Pink marketplace operated by OTC Markets, Inc.  Trading prices of the Company’s common stock may bear little or no relation to actual value.  Accordingly, the Company urges extreme caution with respect to existing and future investments in its common stock.  Among other things, the consummation of the Plan and occurrence of the effective date is subject to the satisfaction of numerous conditions, including confirmation of the Plan and entry by the Bankruptcy Court of a confirmation order in form and substance acceptable to the plan sponsor in its reasonable discretion.  The Company’s stockholders are cautioned that the foregoing discussion does not enumerate or contain all of the terms, provisions and conditions contained in the Plan, and is subject to, and qualified in its entirety by, the full text of the Plan and related disclosure statement. The Company’s stockholders are encouraged to review the Plan and accompanying disclosure statement at www.omnimgt.com/hipcricket for the terms thereof.

Item 9.01                      Financial Statements and Exhibits

(d)           Exhibits
 
No.
 
99.1
Description
 
Monthly Operating Report for the reporting period beginning March 1, 2015 and ending March 31, 2015

 
 
 
 
SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.


   
Hipcricket, Inc.
   
(Registrant)
     
Date: April 21, 2015
  
By:
/s/ Todd E. Wilson
     
Todd E. Wilson
     
Chief Executive Officer




Exhibit 99.1
 
 
 
 
 

 
Schedule of Cash Receipts and Disbursements
                                      
Form MOR-1
                                                      
                                                       
   
Bank Accounts
                      
Current Month
    
Cumulative Filing to Date
  
   
Oper (old) 3381
    
Oper (new) 6258
    
Lockbox 4003
    
Payroll 3391
    
FSA 3987
  
Actual
    
Projected
    
Actual
    
Projected
  
CASH BEGINNING OF MONTH
     1,215.39       257,712.93       160,932.27       7,058.83       3,907.78       430,827.20       250,000.00       70,563.06       34,893.31  
                                                                         
RECEIPTS
                                                                        
CASH SALES
     -       -       -       -       -       -       -       -       -  
ACCOUNTS RECEIVABLE
     79,242.30       -       1,176,876.05       -       -       1,256,118.35       1,241,672.30       3,453,770.61       3,491,672.30  
LOANS AND ADVANCES
     -       -       -       -       -       -       -       924,729.37       1,029,473.12  
SALE OF ASSETS
     -       -       -       -       -       -       -       -       -  
OTHER (ATTACH LIST)
     -       -       1,471.52       -       -       1,471.52       -       17,567.00       -  
TRANSFERS (FROM DIP ACCTS)
     57,000.00       1,052,663.55       -       768,310.90       5,000.00       1,882,974.45       977,657.51       2,580,451.47       977,657.51  
TOTAL RECEIPTS
     136,242.30       1,052,663.55       1,178,347.57       768,310.90       5,000.00       3,140,564.32       2,219,329.81       6,976,518.45       5,498,802.93  
                                                                         
DISBURSEMENTS
                                                                        
NET PAYROLL
     -       (28,685.94 )     -       (706,827.68 )     -       (735,513.62 )     (829,277.81 )     (1,667,182.95 )     (1,890,027.81 )
PAYROLL TAXES
     -       -       -       (60,798.25 )     -       (60,798.25 )     (57,490.40 )     (331,453.99 )     (357,490.40 )
SALES, USE, & OTHER TAXES
     -       (1,696.75 )     -       -       -       (1,696.75 )     (500.00 )     (9,476.31 )     (24,000.00 )
INVENTORY PURCHASES
     (103,832.83 )     (177,280.68 )     -       -       -       (281,113.51 )     (652,000.00 )     (823,467.62 )     (1,202,000.00 )
SECURED/ RENTAL/ LEASES
     -       (55,626.35 )     -       -       -       (55,626.35 )     (70,000.00 )     (127,212.76 )     (140,000.00 )
INSURANCE
     -       (65,678.70 )     -       -       (4,586.64 )     (70,265.34 )     (86,883.27 )     (215,527.60 )     (231,999.70 )
ADMINISTRATIVE
     -       (1,218.73 )     -       -       -       (1,218.73 )     -       (7,469.57 )     -  
SELLING
     -       -       -       -       -       -       -       -       -  
OTHER (ATTACH LIST)
     -       (207,001.79 )     -       -       -       (207,001.79 )     (147,290.76 )     (442,923.09 )     (487,290.76 )
                                                                         
OWNER DRAW *
     -       -       -       -       -       -       -       -       -  
TRANSFERS (TO DIP ACCTS)
     -       -       (1,228,950.88 )     -       -       (1,228,950.88 )     -       (3,155,362.20 )     -  
                                              -                          
PROFESSIONAL FEES
     -       (264,843.62 )     -       -       -       (264,843.62 )     (375,887.57 )     (829,843.62 )     (950,887.57 )
U.S. TRUSTEE QUARTERLY FEES
     -       -       -       -       -       -       -       -       -  
COURT COSTS
     -       -       -       -       -       -       -       (1,750.00 )     -  
TOTAL DISBURSEMENTS
     (103,832.83 )     (802,032.56 )     (1,228,950.88 )     (767,625.93 )     (4,586.64 )     (2,907,028.84 )     (2,219,329.81 )     (7,611,669.71 )     (5,283,696.24 )
                                                                         
NET CASH FLOW
     32,409.47       250,630.99       (50,603.31 )     684.97       413.36       233,535.48       -       (635,151.26 )     215,106.69  
                                                                         
CASH - END OF MONTH
     33,624.86       508,343.92       110,328.96       7,743.80       4,321.14       664,362.68       250,000.00       (564,588.20 )     250,000.00  
                                                                         
                                                                         
DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES: (FROM CURRENT MONTH ACTUAL COLUMN)
  
TOTAL DISBURSEMENTS
                                                                     (2,907,028.84 )
LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS
                                               (1,228,950.88 )
PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. from escrow accounts)
                       -  
TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES
                               (4,135,979.72 )
                                                                         
                                                                         
                                                                         
1035 · SVB Lockbox 4003 -Other Deposits
                                                          
NC DOR
     1,287.08                                                                  
News America Marketing
     184.44                                                                  
      1,471.52                                                                  
                                                                         
                                                                         
1031 · SVB Operating 6258-Other Disbursements
                                                  
Urban Airship, Inc.
     217.98                                                                  
Cogent Communications
     400.00                                                                  
Symantec Corporation
     2,254.84                                                                  
SEC Connect
     4,000.00                                                                  
Gibson & Assoc
     3,038.75                                                                  
Hardwell Acquisition, LLC
     9,687.50                                                                  
Internap Network Services
     42,562.66                                                                  
LOCAiD, Inc
     98.12                                                                  
Mobile Giving Foundation
     350.00                                                                  
VSP
     439.04                                                                  
Verizon Wireless
     524.37                                                                  
Verizon Act#2126950415
     550.98                                                                  
Vehicle
     850.00                                                                  
ABL Brand Consulting
     5,966.44                                                                  
Ad Juster, Inc.
     709.68                                                                  
TW Telecom
     997.10                                                                  
Tableau Software, Inc
     547.50                                                                  
Citrix Online
     232.14                                                                  
Comcast (Bellevue)
     124.72                                                                  
Comcast-877130-011-1605584-Chicago Cable
     223.83                                                                  
Culligan
     35.59                                                                  
Deluxe Checks
     410.15                                                                  
Ernest Leitch
     540.00                                                                  
Free Vector Advisors
     680.00                                                                  
Rosenbaum & Silvert
     4,346.00                                                                  
Richardson & Patel LLP
     110.00                                                                  
Infinite
     491.77                                                                  
Open Market
     17,408.66                                                                  
Cory Johnson
     400.00                                                                  
The Hanover Insurance Group
     5,705.96                                                                  
Standard Parking
     3,942.00                                                                  
FP Mailing Solutions
     100.00                                                                  
Rosenbaum & Silvert
     2,120.00                                                                  
Sito Mobile Solutions
     29,777.40                                                                  
Clark Nuber
     10,000.00                                                                  
Clark Nuber
     1,500.00                                                                  
Yes,Inc. - Wire Only
     3,827.42                                                                  
Ensighten
     2,996.67                                                                  
XO One and XO Communications
     6,201.73                                                                  
Vehicle
     5,000.00                                                                  
TW Telecom
     997.10                                                                  
Thomas Thayer Denman
     8,352.50                                                                  
Cogent Communications
     400.00                                                                  
Solium Capital LLC
     1,375.00                                                                  
Culligan
     35.59                                                                  
De Lage Landen Financial Services, Inc
     2,433.95                                                                  
Ensighten
     4,350.00                                                                  
Shred-It WA
     52.97                                                                  
Glance Network
     2,235.00                                                                  
Rackspace Hosting
     738.05                                                                  
Quotemedia, Inc.
     706.00                                                                  
Quest
     846.78                                                                  
IDiscover
     4,072.78                                                                  
Polestar Benefits, Inc
     87.18                                                                  
Poland Springs Water
     108.12                                                                  
New Relic
     2,737.50                                                                  
Manhattan Transfer Registrar
     489.19                                                                  
Mediant Communications LLC
     130.56                                                                  
Merrill Communications, LLC
     2,483.02                                                                  
Mobile Giving Foundation
     2,501.50                                                                  
Mobile Giving Foundation
     2,500.00                                                                  
      207,001.79                                                                  
                                                                         

 
 
 

Hipcricket Cash Disbursments Journal
              
                 
                 
Account
Type
Date
Num
Name
Memo
 Debit
 Credit
 Net
1030 · SVB Operating 3381
Bill Pmt -Check
03/06/2015
DED030615
American Express
    
       56,375.43
       (56,375.43)
1030 · SVB Operating 3381
Bill Pmt -Check
03/27/2015
DED033015W
American Express
Payment on Amex Statement PostPetition
       47,457.40
       (47,457.40)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/01/2015
14075
110 Atrium Place
    
       35,396.17
       (35,396.17)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/04/2015
14090
ABL Brand Consulting
Leach Consulting 2-16 to 2-27-15
  
         5,966.44
         (5,966.44)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/11/2015
DED031515W
Acuity Ads Inc.
March 2015
  
       25,000.00
       (25,000.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/20/2015
DED032015W
Acuity Ads Inc.
March 2015
  
       15,000.00
       (15,000.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/04/2015
14094
Ad Juster, Inc.
Jan 2015 publisher dasboard (prorated 1/21-1/31)
            709.68
            (709.68)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/19/2015
14126
Aetna Inc.
ACCOUNT: 85081979/1001
  
       53,090.18
       (53,090.18)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/19/2015
14125
Aetna-Life
    
         3,213.83
         (3,213.83)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/03/2015
DED030315W
American Funds- 401K
401K 2-1715
  
       16,842.97
       (16,842.97)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/17/2015
DED031715
American Funds- 401K
401K 3-15-15
  
       11,842.97
       (11,842.97)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/09/2015
14116
BankDirect Cap Finance - E&O
Loan #468882
  
         5,104.43
         (5,104.43)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/04/2015
14095
Citrix Online
625872
  
            232.14
            (232.14)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/16/2015
14124
Clark Nuber
    
       10,000.00
       (10,000.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/16/2015
14123
Clark Nuber
Progress billing for Audit of  Emp Benefit Plan for 12-31-14 thru 1-16-15
         1,500.00
         (1,500.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/01/2015
14076
Cogent Communications
HIPCRICK90001
  
            400.00
            (400.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/25/2015
14129
Cogent Communications
HIPCRICK90001
  
            400.00
            (400.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/04/2015
14096
Colonial Life
BCN# E3841657-0000
  
            285.00
            (285.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/04/2015
14098
Comcast (Bellevue)
8498330081899828
  
            124.72
            (124.72)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/04/2015
14097
Comcast-877130-011-1605584-Chicago Cable
8771300111605584
  
            223.83
            (223.83)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/01/2015
14077
Concourse Owner V/VI, LLC
    
       17,525.36
       (17,525.36)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/25/2015
14130
Concourse Owner V/VI, LLC
    
            701.90
            (701.90)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/05/2015
14118
Cory Johnson
    
            400.00
            (400.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/04/2015
14099
Culligan
Feb 2015
  
              35.59
              (35.59)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/25/2015
14131
Culligan
March 2015
  
              35.59
              (35.59)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/25/2015
14132
De Lage Landen Financial Services, Inc
(April2015) 24 month Lease for Sirius Computer Equipment - GA
         2,433.95
         (2,433.95)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/04/2015
14100
Deluxe Checks
    
            410.15
            (410.15)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/01/2015
14078
DUS Management, Inc.
Mar 2015
  
         2,002.92
         (2,002.92)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/25/2015
14133
Ensighten
1st   3-24-15 to 06-23-15
  
         4,350.00
         (4,350.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/23/2015
14127
Ensighten
4th Qtr 1-21-15 to  3-23-15
  
         2,996.67
         (2,996.67)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/04/2015
14101
Ernest Leitch
Swf html conversion 1-29-15
  
            540.00
            (540.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/25/2015
14134
Flex Plan Services, Inc.
Total Invoice $692.04 Paid $279.26 Check #14039. Annual Plan year Post Fee 565.48/Annual Partici...
            412.78
            (412.78)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/04/2015
14102
Flex Plan Services, Inc.
Feb 2015
  
              85.00
              (85.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/09/2015
DED030915
FP Mailing Solutions
Postage
  
            100.00
            (100.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/04/2015
14103
Free Vector Advisors
    
            680.00
            (680.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/01/2015
14088
Gibson & Assoc
Denhman Recruiting Fee.
  
         3,038.75
         (3,038.75)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/25/2015
14135
Glance Network
01-21-15 to 01-21-2016 Web Conference application used by Sales to demo our product and help cli...
         2,235.00
         (2,235.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/18/2015
DED031815W
Go2Mobi
Mar 2015
  
         5,500.00
         (5,500.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/04/2015
DED030415W
Go2Mobi
Mar 2015
  
         3,000.00
         (3,000.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/16/2015
DED031615W
Go2Mobi
Mar 2015
  
         3,000.00
         (3,000.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/18/2015
DED031815W
Greenberg Traurig LLP
Post-Petition (DIP Legal Fees SITO)
  
       50,000.00
       (50,000.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/01/2015
14087
Greenberg Traurig LLP
Pre-Petition (DIP Financing Invoice billed to SITO)
       35,136.25
       (35,136.25)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/01/2015
14079
Greenberg Traurig LLP
Post-Petition (DIP Financing Invoice billed to SITO)
       14,863.75
       (14,863.75)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/01/2015
14080
Hardwell Acquisition, LLC
t57087
  
         9,687.50
         (9,687.50)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/25/2015
14136
IDiscover
    
         4,072.78
         (4,072.78)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/04/2015
14104
Infinite
Account # IC24844
  
            491.77
            (491.77)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/18/2015
DED031815W
InMobi Pte Ltd
Mar 2015
  
         9,000.00
         (9,000.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/06/2015
030615W
InMobi Pte Ltd
Mar 2015
  
         5,000.00
         (5,000.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/01/2015
14081
Internap Network Services
31387164
  
       42,562.66
       (42,562.66)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/25/2015
14137
IPFS Corporation
CAF-248410
  
         3,487.48
         (3,487.48)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/18/2015
DED031815W
Jampp-Wire
March 2015
  
         3,500.00
         (3,500.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/25/2015
14138
LiveRail
Jan 2015
  
         1,119.99
         (1,119.99)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/01/2015
14083
LOCAiD, Inc
Service dates prorated 1/21/15-1/31/15
              98.12
              (98.12)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/25/2015
14139
Manhattan Transfer Registrar
    
            489.19
            (489.19)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/25/2015
14140
Mediant Communications LLC
Notice of Commencement
  
            130.56
            (130.56)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/25/2015
14141
Merrill Communications, LLC
Jan 26 to 02-25-15
  
         2,483.02
         (2,483.02)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/25/2015
14158
Mobile Giving Foundation
April 2015
  
         2,501.50
         (2,501.50)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/25/2015
14142
Mobile Giving Foundation
March 2015
  
         2,500.00
         (2,500.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/03/2015
14089
Mobile Giving Foundation
App Fee Justin Crisis Fund
  
            350.00
            (350.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/11/2015
DED031515W
Mobilewalla, Inc.
March 2015
  
       52,000.00
       (52,000.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/27/2015
32715
Mobilewalla, Inc.
March 2015
  
       25,000.00
       (25,000.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/04/2015
14105
Mobivity, Inc
    
            412.09
            (412.09)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/25/2015
14143
Mobivity, Inc
    
            315.15
            (315.15)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/25/2015
14144
Neustar Info Services, INC
HIPC01
  
         7,933.45
         (7,933.45)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/25/2015
14145
Neustar, Inc - Quova
QVA10136
  
            500.00
            (500.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/25/2015
14146
New Relic
Service dates 02-27 to 03-26-15 post
         2,737.50
         (2,737.50)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/16/2015
14122
Noam J. Cohen, P.A.
Imedia Collection
  
         3,500.00
         (3,500.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/04/2015
14106
Open Market
797-140-933-94678
  
       17,408.66
       (17,408.66)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/04/2015
DED030415W
Pachulski Stang Ziehl & Jones LLP
Perkins $30K  Pachulski $75K  Creditor's Commitee $10K Held in Trust
     115,000.00
     (115,000.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/12/2015
DED031215W
Pachulski Stang Ziehl & Jones LLP
Perkins $30K    Creditor's Commitee $10K Held in Trust
       40,000.00
       (40,000.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/25/2015
14147
Poland Springs Water
Account: 0437191786
  
            108.12
            (108.12)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/25/2015
14148
Polestar Benefits, Inc
    
              87.18
              (87.18)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/25/2015
14149
Quest
Jan Post 01-21 to 01-31-15 and Feb
            846.78
            (846.78)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/25/2015
14150
Quotemedia, Inc.
    
            706.00
            (706.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/25/2015
14151
Rackspace Hosting
813460
  
            738.05
            (738.05)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/04/2015
14107
Richardson & Patel LLP
Jan 2015 Post-pet
  
            110.00
            (110.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/04/2015
14108
Rosenbaum & Silvert
Jan  2015 Post Pet
  
         4,346.00
         (4,346.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/09/2015
14119
Rosenbaum & Silvert
Feb 2015 Patent #6154-101
  
         2,120.00
         (2,120.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/04/2015
14109
Rust Consulting Inc
    
         6,343.62
         (6,343.62)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/01/2015
14084
SEC Connect
    
         4,000.00
         (4,000.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/25/2015
14152
Shred-It WA
2-26-15
  
              52.97
              (52.97)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/10/2015
DED031015w
Sito Mobile Solutions
Sito Interest 01-26 to 02-28-15
  
       29,777.40
       (29,777.40)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/25/2015
14153
Solium Capital LLC
Option Ease Software 02-01 to 02-28-15
         1,375.00
         (1,375.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/09/2015
14120
Standard Parking
Mar 2015
  
         3,942.00
         (3,942.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/04/2015
DED030415W
StrikeAd, Inc.
    
       10,500.00
       (10,500.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/18/2015
DED031815W
StrikeAd, Inc.
    
       10,500.00
       (10,500.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/01/2015
14085
Symantec Corporation
Service dates prorated 1/21-15-1/31/15
         2,254.84
         (2,254.84)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/04/2015
14110
Tableau Software, Inc
    
            547.50
            (547.50)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/09/2015
14117
The Hanover Insurance Group
1510436166-001-000
  
         5,705.96
         (5,705.96)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/25/2015
14154
Thomas Thayer Denman
02-23 to 03-13-15
  
         8,352.50
         (8,352.50)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/04/2015
14111
TW Telecom
334293
  
            997.10
            (997.10)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/25/2015
14155
TW Telecom
334293
  
            997.10
            (997.10)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/01/2015
14086
Urban Airship, Inc.
52595
  
            217.98
            (217.98)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/25/2015
14156
Vehicle
March Platform Fee
  
         5,000.00
         (5,000.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/04/2015
14112
Vehicle
Feb
  
            850.00
            (850.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/04/2015
14113
Verizon Act#2126950415
Acct: 2126950415779744
  
            550.98
            (550.98)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/04/2015
14114
Verizon Wireless
Jan 2015
  
            524.37
            (524.37)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/04/2015
14115
VSP
March 2015 premiums
  
            439.04
            (439.04)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/25/2015
14157
XO One and XO Communications
    
         6,201.73
         (6,201.73)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/20/2015
DED032015W
Yes,Inc. - Wire Only
    
         3,827.42
         (3,827.42)
1037 · SVB Payroll 3991
Bill Pmt -Check
03/20/2015
DED032015W
ADP, Inc.
Payroll 3-1515
  
            675.15
            (675.15)
1037 · SVB Payroll 3991
Bill Pmt -Check
03/06/2015
DED030615
ADP, Inc.
Payroll 2-28-15
  
            495.77
            (495.77)
1037 · SVB Payroll 3991
Bill Pmt -Check
03/27/2015
DED032715
ADP, Inc.
HR Benefit Solutions 2-25-15
  
            269.50
            (269.50)
               
     (904,390.33)

 
 
 

Hipcricket Summary of New Operating Account "Other" Disbursments
        
                   
Account
Type
Date
Num
Name
Category
Memo
 Debit
 Credit
 Net
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/04/2015
14090
ABL Brand Consulting
Other
Leach Consulting 2-16 to 2-27-15
  
    5,966.44
          (5,966.44)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/04/2015
14094
Ad Juster, Inc.
Other
Jan 2015 publisher dasboard (prorated 1/21-1/31)
       709.68
             (709.68)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/04/2015
14095
Citrix Online
Other
625872
  
       232.14
             (232.14)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/16/2015
14124
Clark Nuber
Other
    
  10,000.00
        (10,000.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/16/2015
14123
Clark Nuber
Other
Progress billing for Audit of  Emp Benefit Plan for 12-31-14 thru 1-16-15
    1,500.00
          (1,500.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/01/2015
14076
Cogent Communications
Other
HIPCRICK90001
  
       400.00
             (400.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/25/2015
14129
Cogent Communications
Other
HIPCRICK90001
  
       400.00
             (400.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/04/2015
14098
Comcast (Bellevue)
Other
8498330081899828
  
       124.72
             (124.72)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/04/2015
14097
Comcast-877130-011-1605584-Chicago Cable
Other
8771300111605584
  
       223.83
             (223.83)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/05/2015
14118
Cory Johnson
Other
    
       400.00
             (400.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/04/2015
14099
Culligan
Other
Feb 2015
  
         35.59
               (35.59)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/25/2015
14131
Culligan
Other
March 2015
  
         35.59
               (35.59)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/25/2015
14132
De Lage Landen Financial Services, Inc
Other
(April2015) 24 month Lease for Sirius Computer Equipment - GA
    2,433.95
          (2,433.95)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/04/2015
14100
Deluxe Checks
Other
    
       410.15
             (410.15)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/25/2015
14133
Ensighten
Other
1st   3-24-15 to 06-23-15
  
    4,350.00
          (4,350.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/23/2015
14127
Ensighten
Other
4th Qtr 1-21-15 to  3-23-15
  
    2,996.67
          (2,996.67)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/04/2015
14101
Ernest Leitch
Other
Swf html conversion 1-29-15
  
       540.00
             (540.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/09/2015
DED030915
FP Mailing Solutions
Other
Postage
  
       100.00
             (100.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/04/2015
14103
Free Vector Advisors
Other
    
       680.00
             (680.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/01/2015
14088
Gibson & Assoc
Other
Denhman Recruiting Fee.
  
    3,038.75
          (3,038.75)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/25/2015
14135
Glance Network
Other
01-21-15 to 01-21-2016 Web Conference application used by Sales to demo our product and help cli...
    2,235.00
          (2,235.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/01/2015
14080
Hardwell Acquisition, LLC
Other
t57087
  
    9,687.50
          (9,687.50)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/25/2015
14136
IDiscover
Other
    
    4,072.78
          (4,072.78)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/04/2015
14104
Infinite
Other
Account # IC24844
  
       491.77
             (491.77)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/01/2015
14081
Internap Network Services
Other
31387164
  
  42,562.66
        (42,562.66)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/01/2015
14083
LOCAiD, Inc
Other
Service dates prorated 1/21/15-1/31/15
  
         98.12
               (98.12)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/25/2015
14139
Manhattan Transfer Registrar
Other
    
       489.19
             (489.19)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/25/2015
14140
Mediant Communications LLC
Other
Notice of Commencement
  
       130.56
             (130.56)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/25/2015
14141
Merrill Communications, LLC
Other
Jan 26 to 02-25-15
  
    2,483.02
          (2,483.02)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/25/2015
14158
Mobile Giving Foundation
Other
April 2015
  
    2,501.50
          (2,501.50)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/25/2015
14142
Mobile Giving Foundation
Other
March 2015
  
    2,500.00
          (2,500.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/03/2015
14089
Mobile Giving Foundation
Other
App Fee Justin Crisis Fund
  
       350.00
             (350.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/25/2015
14146
New Relic
Other
Service dates 02-27 to 03-26-15 post
  
    2,737.50
          (2,737.50)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/04/2015
14106
Open Market
Other
797-140-933-94678
  
  17,408.66
        (17,408.66)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/25/2015
14147
Poland Springs Water
Other
Account: 0437191786
  
       108.12
             (108.12)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/25/2015
14148
Polestar Benefits, Inc
Other
    
         87.18
               (87.18)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/25/2015
14149
Quest
Other
Jan Post 01-21 to 01-31-15 and Feb
  
       846.78
             (846.78)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/25/2015
14150
Quotemedia, Inc.
Other
    
       706.00
             (706.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/25/2015
14151
Rackspace Hosting
Other
813460
  
       738.05
             (738.05)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/04/2015
14107
Richardson & Patel LLP
Other
Jan 2015 Post-pet
  
       110.00
             (110.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/04/2015
14108
Rosenbaum & Silvert
Other
Jan  2015 Post Pet
  
    4,346.00
          (4,346.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/09/2015
14119
Rosenbaum & Silvert
Other
Feb 2015 Patent #6154-101
  
    2,120.00
          (2,120.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/01/2015
14084
SEC Connect
Other
    
    4,000.00
          (4,000.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/25/2015
14152
Shred-It WA
Other
2-26-15
  
         52.97
               (52.97)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/10/2015
DED031015w
Sito Mobile Solutions
Other
Sito Interest 01-26 to 02-28-15
  
  29,777.40
        (29,777.40)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/25/2015
14153
Solium Capital LLC
Other
Option Ease Software 02-01 to 02-28-15
  
    1,375.00
          (1,375.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/09/2015
14120
Standard Parking
Other
Mar 2015
  
    3,942.00
          (3,942.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/01/2015
14085
Symantec Corporation
Other
Service dates prorated 1/21-15-1/31/15
  
    2,254.84
          (2,254.84)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/04/2015
14110
Tableau Software, Inc
Other
    
       547.50
             (547.50)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/09/2015
14117
The Hanover Insurance Group
Other
1510436166-001-000
  
    5,705.96
          (5,705.96)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/25/2015
14154
Thomas Thayer Denman
Other
02-23 to 03-13-15
  
    8,352.50
          (8,352.50)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/04/2015
14111
TW Telecom
Other
334293
  
       997.10
             (997.10)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/25/2015
14155
TW Telecom
Other
334293
  
       997.10
             (997.10)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/01/2015
14086
Urban Airship, Inc.
Other
52595
  
       217.98
             (217.98)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/25/2015
14156
Vehicle
Other
March Platform Fee
  
    5,000.00
          (5,000.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/04/2015
14112
Vehicle
Other
Feb
  
       850.00
             (850.00)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/04/2015
14113
Verizon Act#2126950415
Other
Acct: 2126950415779744
  
       550.98
             (550.98)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/04/2015
14114
Verizon Wireless
Other
Jan 2015
  
       524.37
             (524.37)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/04/2015
14115
VSP
Other
March 2015 premiums
  
       439.04
             (439.04)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/25/2015
14157
XO One and XO Communications
Other
    
    6,201.73
          (6,201.73)
1031 · SVB DIP Operating 6258
Bill Pmt -Check
03/20/2015
DED032015W
Yes,Inc. - Wire Only
Other
    
    3,827.42
          (3,827.42)
                 
      (207,001.79)
 

 
 
 

Hipcricket Bank Reconciliation
                    
Form MOR-1a
                    
                     
BALANCE PER BOOKS
Oper (old) 3381
Oper (new) 6258
Lockbox 4003
Payroll 3391
FSA 3987
                     
BANK BALANCE
                  
        4,321.14
(+) DEPOSITS IN TRANSIT (ATTACH LIST)
     33,624.86
  
    579,532.10
  
   110,328.96
  
       7,743.80
  
                     -
(-) OUTSTANDING CHECKS (ATTACH LIST)
    
    (71,188.18)
  
                    -
  
                    -
  
                     -
OTHER (ATTACH EXPLANATION)
          
                    -
  
                    -
  
                     -
ADJUSTED BANK BALANCE *
  
     33,624.86
  
    508,343.92
  
   110,328.96
  
       7,743.80
  
        4,321.14
GL Balance
  
     33,624.86
  
    508,343.92
  
   110,328.96
  
       7,743.80
  
        4,321.14
Variance
  
                    -
  
                      -
  
                    -
  
                    -
  
                     -
                     
                     
 
 Date
 Amount
 Date
 Amount
 Date
 Amount
 Date
 Amount
 Date
 Amount
DEPOSITS IN TRANSIT
                    
                     
CHECKS OUTSTANDING
                    
Aetna Inc.
    
03/19/15
       53,090.18
            
Cogent Communications
    
03/25/15
             400.00
            
Manhattan Transfer Registrar
    
03/25/15
             489.19
            
Mediant Communications LLC
    
03/25/15
             130.56
            
Mobile Giving Foundation
    
03/25/15
         2,501.50
            
Mobile Giving Foundation
    
03/25/15
         2,500.00
            
Mobivity, Inc
    
03/25/15
             315.15
            
New Relic
    
03/25/15
         2,737.50
            
Poland Springs Water
    
03/25/15
             108.12
            
Polestar Benefits, Inc
    
03/25/15
               87.18
            
Quest
    
03/25/15
             846.78
            
Quotemedia, Inc.
    
03/25/15
             706.00
            
Rackspace Hosting
    
03/25/15
             738.05
            
Richardson & Patel LLP
    
03/04/15
             110.00
            
Shred-It WA
    
03/25/15
               52.97
            
Solium Capital LLC
    
03/25/15
         1,375.00
            
Vehicle
    
03/25/15
         5,000.00
            
                     
OTHER
                    
                     
                     
Reconcilation of In-Transit Activity
  
                    -
  
                      -
  
                    -
  
                    -
  
                     -
                     

 
 
 
 

Hipcricket Schedule of Professional Fees
                
Form MOR-1b
                    
                     
       
Check
  
Amount Paid
Year-To-Date
  
Payee
Period Covered
 Amount Approved
Payor
Number
Date
Fees
Expense
Fees
Expense
Comments
Greenberg Traurig LLP
3/1/15-3/31/15
                   50,000.00
Hipcricket
DED031815W
03/18/15
     50,000.00
      
DIP Lender's legal fees
Greenberg Traurig LLP
3/1/15-3/31/15
                   35,000.00
Hipcricket
14087
03/01/15
     35,000.00
      136.25
    
DIP Lender's legal fees
Greenberg Traurig LLP
3/1/15-3/31/15
                   15,000.00
Hipcricket
14079
03/01/15
     14,863.75
               -
   100,000.00
               -
DIP Lender's legal fees
Noam J. Cohen, P.A.
3/1/15-3/31/15
                     3,500.00
Hipcricket
14122
03/16/15
       3,500.00
               -
       3,500.00
               -
  
Pachulski Stang Ziehl & Jones LLP
3/1/15-3/31/15
                 115,000.00
Hipcricket
DED030415W
03/04/15
   115,000.00
               -
    
Includes $30k for Perkins Coie, $10k for creditor's committee
Pachulski Stang Ziehl & Jones LLP
3/1/15-3/31/15
                   40,000.00
Hipcricket
DED031215W
03/12/15
     40,000.00
               -
   685,000.00
               -
Includes $30k for Perkins Coie, $10k for creditor's committee
Rust Consulting Inc
3/1/15-3/31/15
                                  -
Hipcricket
14109
03/04/15
       6,343.62
               -
     16,343.62
               -
  

 
 
 
 
Hipcricket Statement of Operations
      
Form MOR-2
      
       
REVENUES
 1/21/15-2/28/15
3/31/2015
 Cumulative Filing to Date
Gross Revenues $ $
                2,146,145.45
                1,317,136.70
                 3,463,282.15
Less: Returns and Allowances
                 (233,465.65)
                    (31,997.50)
                  (265,463.15)
Net Revenue $ $
                1,912,679.80
                1,285,139.20
                 3,197,819.00
       
COST OF GOODS SOLD
      
Beginning Inventory
                                     -
                                     -
                                      -
Add: Purchases
                                     -
                                     -
                                      -
Add: Cost of Labor
                                     -
                                     -
                                      -
Add: Other Costs (attach schedule)
                    845,787.56
                    604,609.21
                 1,450,396.77
Less: Ending Inventory
                                     -
                                     -
                                      -
Cost of Goods Sold
                    845,787.56
                    604,609.21
                 1,450,396.77
Gross Profit
                1,066,892.24
                    680,529.99
                 1,747,422.23
       
OPERATING EXPENSES
      
Advertising
                                     -
                                     -
                                      -
Auto and Truck Expense
                                     -
                                     -
                                      -
Bad Debts
                    (64,999.98)
                        1,924.39
                     (63,075.59)
Contributions
                                     -
                                     -
                                      -
Employee Benefits Programs
                      53,438.37
                      44,597.73
                       98,036.10
Insider Compensation*
                      94,477.17
                      62,984.78
                     157,461.95
Insurance
                    226,328.96
                      48,432.31
                     274,761.27
Management Fees/Bonuses
                                     -
                                     -
                                      -
Office Expense
                        6,044.31
                        3,833.29
                         9,877.60
Pension & Profit-Sharing Plans
                                     -
                                     -
                                      -
Repairs and Maintenance
                                     -
                                     -
                                      -
Rent and Lease Expense
                    109,370.78
                      44,314.58
                     153,685.36
Salaries/Commissions/Fees
                    709,037.49
                    536,752.21
                 1,245,789.70
Supplies
                                     -
                                     -
                                      -
Taxes - Payroll
                    104,426.79
                      59,111.96
                     163,538.75
Taxes - Real Estate
                            204.26
                            204.26
                             408.52
Taxes - Other
                                     -
                                     -
                                      -
Travel and Entertainment
                      42,774.20
                      30,833.62
                       73,607.82
Utilities
                        1,551.51
                        1,361.08
                         2,912.59
Other (attach schedule)
                    556,005.39
                    111,745.86
                     667,751.25
Total Operating Expenses Before Depreciation
                1,838,659.25
                    946,096.07
                 2,784,755.32
Depreciation/Depletion/Amortization
                    673,701.46
                    336,847.76
                     673,701.46
Net Profit (Loss) Before Other Income & Expenses
              (1,445,468.47)
                 (602,413.84)
               (1,711,034.55)
       
OTHER INCOME AND EXPENSES
      
Other Income (attach schedule)
                              36.36
                                 8.71
                               45.07
Interest Expense
                    (11,500.57)
                    (24,264.08)
                     (35,764.65)
Other Expense (attach schedule)
                            162.92
                          (119.24)
                               43.68
Net Profit (Loss) Before Reorganization Items
              (1,456,769.76)
                 (626,788.45)
               (1,675,358.65)
       
REORGANIZATION ITEMS
      
Professional Fees
                    530,000.00
                    264,707.37
                     794,707.37
U. S. Trustee Quarterly Fees
                                     -
                                     -
                                      -
Interest Earned on Accumulated Cash from Chapter 11 (see continuation sheet)
                                     -
                                     -
                                      -
Gain (Loss) from Sale of Equipment
                                     -
                                     -
                                      -
Other Reorganization Expenses (attach schedule)
                                     -
                                     -
                                      -
Total Reorganization Expenses
                    530,000.00
                    264,707.37
                     794,707.37
Income Taxes
                    (69,354.93)
                        2,398.35
                     (69,354.93)
Net Profit (Loss)
              (1,917,414.83)
                 (893,894.17)
               (2,400,711.09)

 
 
 

Hipcricket Statement of Operations
      
Form MOR-2-CONTD
      
       
       
Breakdown of "Other" Category
 1/21/15-1/31/15
3/31/2015
 Cumulative Filing to Date
       
Other Costs
      
5501 · Hosting Expense
                103,431.11
                  60,436.40
            163,867.51
5601 · Content Delivery
                322,338.76
                191,769.06
            514,107.82
5602 · Content Creation
                  17,869.59
                    4,550.00
              22,419.59
5650 · Media Buys Costs
                318,814.76
                306,187.08
            625,001.84
5950 · IP COGS
                  83,333.34
                  41,666.67
            125,000.01
 
                845,787.56
                604,609.21
        1,450,396.77
       
       
Other Operational Expenses
      
6015 · Contractors
                  29,188.56
                  21,564.86
              50,753.42
6106 · Trade Show & Seminar Expense
                  15,000.00
                                 -
              15,000.00
6108 · Public Relations
                        645.56
                                 -
                    645.56
6177 · Outside Services - Selling
                  15,424.20
                    7,733.60
              23,157.80
6186 · Outside Services - Mktg
                    4,870.12
                    2,185.95
                 7,056.07
6189 · Trade Shows & Seminars
                          91.53
                                 -
                       91.53
6289 · Outside services - Development
                          98.12
                                 -
                       98.12
6489 · Outside Services - Other
                  80,000.00
                  40,000.00
            120,000.00
6525 · Bank Service Charges
                  29,857.96
                    1,809.79
              31,667.75
6550 · Computer & Software Expense - Other
                  25,609.19
                    6,204.15
              31,813.34
6550.2 · Software
                        547.50
                                 -
                    547.50
6553 · Dues & Subscriptions
                    8,285.68
                    3,779.50
              12,065.18
6555 · Telephone - Landline
                  17,149.73
                    7,377.34
              24,527.07
6556 · Telephone - Mobile
                    5,367.73
                    3,481.69
                 8,849.42
6560 · Postage & Delivery
                        208.75
                    1,791.74
                 2,000.49
6572 · Public Company Expenses
                  36,264.56
                    2,425.00
              38,689.56
6580 · Recruiting & Relocation Expense
                        424.00
                                 -
                    424.00
6589 · Outside Services - Other
                  18,578.99
                    4,616.15
              23,195.14
6710 · Legal - Corporate - Other
                224,439.27
                (21,062.85)
            203,376.42
6711 · Legal - IP Litigation
                        680.00
                                 -
                    680.00
6712 · Legal - IP New / Renewal
                  24,846.00
                (12,288.50)
              12,557.50
6714 · Legal - Litigation
                (20,572.06)
                    3,937.94
            (16,634.12)
6730 · Consultants
                  39,000.00
                  38,189.50
              77,189.50
 
                556,005.39
                111,745.86
            667,751.25
       
       
Other Income
      
7100 · INTEREST INCOME
                          36.36
                             8.71
                       45.07
 
                          36.36
                             8.71
                       45.07
       
Other Expense
      
7630 · Gain/Loss on Asset
                                 -
                        (80.24)
                    (80.24)
7650 · Late Fees
                        (26.14)
                        (39.00)
                    (65.14)
7900 · Foreign Exchange - G/L
                        189.06
                                 -
                    189.06
 
                        162.92
                      (119.24)
                       43.68

 
 
 

Hipcricket Balance Sheet
    
Form MOR-3
    
     
Assets
Book Value at End of Current Reporting Month
Book Value on Petition Date
CURRENT ASSETS
    
Unrestricted Cash and Equivalents
                       664,362.68
                      70,563.06
Restricted Cash and Cash Equivalents (see continuation sheet)
                       255,653.46
                   419,931.14
Accounts Receivable (Net)
                   3,139,072.46
                3,410,949.01
Notes Receivable
                                         -
                                     -
Inventories
                                         -
                                     -
Prepaid Expenses
                       525,860.43
                   863,767.10
Professional Retainers
                                         -
                                     -
Other Current Assets (attach schedule)
                                         -
                                     -
TOTAL CURRENT ASSETS $ $
                   4,584,949.03
                4,765,210.31
     
PROPERTY AND EQUIPMENT
    
Real Property and Improvements
                                         -
                                     -
Machinery and Equipment
                   1,147,844.73
                1,175,355.97
Furniture, Fixtures and Office Equipment
                       180,245.17
                   221,895.92
Leasehold Improvements
                         86,789.64
                   142,516.64
Vehicles
                                         -
                                     -
Less Accumulated Depreciation
                 (1,176,832.36)
             (1,273,386.03)
TOTAL PROPERTY & EQUIPMENT $ $
                       238,047.18
                   266,382.50
     
OTHER ASSETS
    
Loans to Insiders*
                                         -
                                     -
Other Assets (attach schedule)
                 10,731,841.48
             11,714,135.62
TOTAL OTHER ASSETS $ $
                 10,731,841.48
             11,714,135.62
     
TOTAL ASSETS $
                 15,554,837.69
             16,745,728.43
     
     
Liabilities and Owner Equity
Book Value at End of Current Reporting Month
Book Value on Petition Date
LIABILITIES NOT SUBJECT TO COMPROMISE (Post-Petition)
Accounts Payable
                       550,953.05
                      40,337.38
Taxes Payable (refer to FORM MOR-4)
                         10,748.32
                                     -
Wages Payable
                                         -
                                     -
Notes Payable (DIP Loan)
                   3,438,652.20
                                     -
Rent / Leases - Building/Equipment
                         29,874.90
                                     -
Secured Debt / Adequate Protection Payments
                                         -
                                     -
Professional Fees
                                         -
                                     -
Amounts Due to Insiders*
                                         -
                                     -
Other Postpetition Liabilities (attach schedule)
                         (2,498.42)
                                     -
TOTAL POSTPETITION LIABILITIES
                   4,027,730.05
                      40,337.38
     
LIABILITIES SUBJECT TO COMPROMISE (Pre-Petition)
  
Secured Debt
                         72,571.49
                2,001,094.57
Priority Debt
                       225,153.55
                   228,641.72
Unsecured Debt
                 10,389,287.49
             10,383,699.29
Unsecured Debt - Accrued Liabilities
                   3,044,875.04
                3,485,426.40
TOTAL PRE-PETITION LIABILITIES $ $
                 13,731,887.57
             16,098,861.98
     
TOTAL LIABILITIES
                 17,759,617.62
             16,139,199.36
     
OWNER EQUITY
    
Capital Stock
                         15,478.75
                      15,478.75
Additional Paid-In Capital
               188,998,911.38
           188,998,911.38
Partners' Capital Account
                                         -
                                     -
Owner's Equity Account
                                         -
                                     -
Retained Earnings - Pre-Petition
            (188,407,861.06)
         (188,407,861.06)
Retained Earnings - Postpetition
                 (2,811,309.00)
                                     -
Adjustments to Owner Equity (attach schedule)
                                         -
                                     -
Postpetition Contributions (Distributions) (Draws) (attach schedule)
                                         -
                                     -
NET OWNER EQUITY $ $
                 (2,204,779.93)
                   606,529.07
     
TOTAL LIABILITIES AND OWNERS' EQUITY
                 15,554,837.69
             16,745,728.43
 
                 15,554,837.69
             16,745,728.43
 
                                  (0.00)
                                     -


 
 
 

Hipcricket Statement of Operations
      
Form MOR-2-CONTD
      
       
       
Assets
Book Value at End of Current Reporting Month
Book Value on Petition Date
       
Restricted Cash
      
1100 · Restricted Cash-Wells Fargo
                50,653.46
                214,931.14
 Yahoo ILOC, Yahoo drew down funds in March
1105 · Restricted Cash-SVB Lease LOC
             105,000.00
                105,000.00
 LOC for lease
1110 · Restricted Cash-SVB CC
             100,000.00
                100,000.00
 Security for credit cards
 
             255,653.46
                419,931.14
  
       
Other Current Assets
      
 
                               -
                                 -
  
       
Other Assets
      
1700 · INTANGIBLE ASSETS
       10,573,821.47
          11,556,115.61
  
1726 · Deposits
             158,020.01
                158,020.01
  
 
       10,731,841.48
          11,714,135.62
  
       
Liabilities and Owner Equity
Book Value at End of Current Reporting Month
Book Value on Petition Date
       
Other Postpetition Liabilities
      
2202 · Accrued Payroll
             (27,119.46)
                                 -
  
2203 · Payroll Liabilities
                  2,067.34
                                 -
  
2205 · Accrued Commissions
                43,810.84
                                 -
  
2207 · Accrued Accounts Payable
                29,585.62
                                 -
  
2209 · Accumulated Deductions Payable
                      754.87
                                 -
  
2210 · Accrued Liabilities
                  3,609.29
                                 -
  
2211 · Colonial Fiduciary Liability
                      285.00
                                 -
  
2230 · Accrued Cost of Sales
             (74,455.28)
                                 -
  
2301 · Accum. Deferred Revenue
                90,537.53
                                 -
  
2550 · Sales Tax Payable
                  1,490.77
                                 -
  
2650 · LT- Deferred Tax Liability
             (73,064.94)
                                 -
  
 
                (2,498.42)
                                 -
  
       
Adjustments to Owner Equity
 
      
Postpetition Contributions (disbributions) (Draws)
    
       
Other Prepetition Liabilities
      
2201 · Deferred Rent - ST
                               -
                  (7,809.52)
  
2202 · Accrued Payroll
             364,130.55
                400,950.97
  
2203 · Payroll Liabilities
                               -
                          48.87
  
2205 · Accrued Commissions
                               -
                330,359.70
  
2207 · Accrued Accounts Payable
             (67,135.92)
                (67,092.62)
  
2209 · Accumulated Deductions Payable
                  1,563.08
                    1,563.08
  
2210 · Accrued Liabilities
             425,103.23
                425,103.24
  
2211 · Colonial Fiduciary Liability
                               -
                      (142.50)
  
2220 · Accrued Restructuring Charges
                  9,798.81
                    9,798.81
  
2230 · Accrued Cost of Sales
                  9,674.18
                  76,916.70
  
2245 · Lease Incentive Obiligation
                52,352.26
                  55,431.76
  
2301 · Accum. Deferred Revenue
             130,755.78
                130,755.78
  
2550 · Sales Tax Payable
                  1,922.57
                    1,922.57
  
2600 · Deferred Rent - LT
             192,456.10
                203,365.16
  
2650 · LT- Deferred Tax Liability
          1,924,254.40
            1,924,254.40
  
 
          3,044,875.04
            3,485,426.40
  


 
 
 

Hipcricket Status of Post-Petition Taxes
            
Form MOR-4
            
             
Status of Postpetition Taxes
            
             
 
 Beginning Tax Liability
 Amount Withheld or Accrued
 Amount Paid
Date Paid
Check No. or EFT
 Ending Tax Liability
Payroll Related
            
Withholding
                         -
          126,666.97
      
      126,666.97
FICA-Employee
                         -
            53,346.44
      
         53,346.44
FICA-Employer
                         -
            53,346.48
      
         53,346.48
Unemployment
                         -
                     84.45
      
                 84.45
State Income Tax
                         -
            17,440.52
      
         17,440.52
State Unemployment EE
                         -
                       6.25
      
                   6.25
State Unemployment ER
                         -
               4,994.25
      
           4,994.25
State Disability
                         -
                  431.98
      
               431.98
Local Income Tax
                         -
               1,328.65
      
           1,328.65
Payments
    
     105,818.14
03/12/15
5567
    (105,818.14)
Payments
    
     151,827.85
03/30/15
7461
    (151,827.85)
Total Payroll Related Taxes
                         -
          257,645.99
     257,645.99
    
                        -
             
Federal
            
Income
                         -
                            -
                       -
    
                        -
Other
                         -
                            -
                       -
    
                        -
Total Federal Taxes
                         -
                            -
                       -
    
                        -
             
State and Local
            
Withholding
            1,698.68
               4,197.30
                       -
    
           5,895.98
Sales
            2,385.32
               1,833.93
           (382.80)
03/20/15
DED031817W
  
Sales
                         -
                            -
        (1,383.12)
03/20/15
DED031816W
           2,453.33
Excise
                         -
                            -
                       -
    
                        -
Unemployment
            1,252.00
                  644.87
                       -
    
           1,896.87
Real Property
                         -
                            -
                       -
    
                        -
Personal Property
               334.76
                  167.38
                       -
    
               502.14
Other
                         -
                            -
                       -
    
                        -
Total State and Local
            5,670.76
               6,843.48
        (1,765.92)
    
         10,748.32
             
Total Taxes
            5,670.76
          264,489.47
     255,880.07
    
         10,748.32
             
             
             
Summary of Unpaid Postpetition Debts
            
             
Accounts Payable
 Current
 0-30
 31-60
91-90
 Over 90 Total
 Total
Wages Payable
                         -
                            -
                       -
                      -
                          -
                        -
Taxes Payable
                         -
                            -
                       -
                      -
                          -
                        -
Rent/Leases-Building
                         -
                            -
                       -
                      -
                          -
                        -
Rent/Leases-Equipment
                         -
                            -
                       -
                      -
                          -
                        -
Secured Debt/Adequate Protection Payments
                         -
                            -
                       -
                      -
                          -
                        -
Professional Fees
                         -
                            -
                       -
                      -
                          -
                        -
Amounts Due to Insiders*
                         -
                            -
                       -
                      -
                          -
                        -
Other
                         -
                            -
                       -
                      -
                          -
                        -
Other
                         -
                            -
                       -
                      -
                          -
                        -
Total Postpetition Debts
                         -
                            -
                       -
                      -
                          -
                        -

 

 
 
 

Hipcricket AR Reconciliation & Aging
    
From MOR-5
    
     
 
 Amount
  
Accounts Receivable Reconciliation Amount
    
Total Accounts Receivable at the beginning of the reporting period
     3,309,821.66
  
=+ Amounts billed during the period
     1,180,795.86
  
=- Amounts collected during the period
  (1,258,042.74)
  
Total Accounts Receivable at the end of the reporting period
     3,232,574.78
  
     
Accounts Receivable Aging Amount
 Amount
  
0 - 30 days old
     2,246,349.53
  
31 - 60 days old
        336,978.50
  
61 - 90 days old
        248,720.05
  
91+ days old
        400,526.70
  
Total Accounts Receivable
     3,232,574.78
  
Amount considered uncollectible (Bad Debt)
    
Accounts Receivable (Net)
     3,232,574.78
  
     
     
DEBTOR QUESTIONNAIRE
    
Must be completed each month Yes No
 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 4004-3.
 X
     
     
     
1 - Furniture & misc office equipment in the 3 office rentals were disposed of in March due to vacating the office spaces