case 3:20-bk-01940 doc 166 filed 08/18/20 entered 08/18/20

In re: ) Case No.: 3:20-bk-01940, 3:20-bk-01939, 3:20-bk-01941

) Judge: Honorable Charles M. Walker

) Chapter 11

Debtors(s) )

)

MONTHLY OPERATING REPORT FOR MONTH ENDING July 31, 2020

MBH HIGHLAND, LLC, MBH WEST VIRGINIA, LLC, MBH HEALTH CENTER, LLC,, Debtor-In-Possession,

submits its Monthly Operating Report for the period commencing

and ending July 01 - July 31, 2020 as shown by the report and exhibits

containing the following, as indicated:

✓ Monthly Reporting Questionnaire (Attachment 1)

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

✓ Summary of Accounts Receivable (Form OPR-3)

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

✓ Statement of Income (Loss) (Form OPR-5)

I declare under penalty of perjury that this report and all attachments are true and

correct to the best of my knowledge and belief.

DEBTOR-IN-POSSESSION

Date: By: Steve Moore

Steve Moore

Title: Chief Restructuring Officer

Address: 2216 Abbott Martin Road, Suite 220

Nashville, TN 37215

Telephone:

Email Address:[email protected]

MIDDLE DISTRICT OF TENNESSEE

August 15, 2020

MBH HIGHLAND, LLC, MBH WEST VIRGINIA,

LLC, MBH HEALTH CENTER, LLC,

Case 3:20-bk-01940 Doc 166 Filed 08/18/20 Entered 08/18/20 14:57:32 Desc MainDocument of 27

CHAPTER 11MONTHLY OPERATING REPORT

MONTHLY REPORTING

CASE NAME:

MBH HIGHLAND, LLC, MBH WEST

VIRGINIA, LLC, MBH HEALTH CENTER,

LLC,

CASE NUMBER:

3:20-bk-01940, 3:20-bk-01939, 3:20-

bk-01941

MONTH OF: July-20

1. Payroll State the amount of all executive wages paid and taxes withheld and paid.

Name and Title of Executive Gross Net Due Paid

Steve Moore - Chief Restructuring Officer $55,000.00 $0.00 $0.00 $0.00

Summit WV - Management Company $217,947.61 $0.00 $0.00 $0.00

Total $272,947.61 $0.00 $0.00 $0.00

2. Insurance: Is worker's compensation and other insurance in effect? YES Are Payments Current? YES

Coverage Policy Expiration Premium Date Paid

Type Name of Carrier Amount Number Date Amounts Thru

GL/Professional Markel $1M/$3M SM932992 09/27/20 $256,590/year 10 of 11

Auto C N A $1 Million CSL 6079243023 09/27/20 $5,989.76 10 of 11

D&O Lloyds $1M/$1M ANV127877A 01/23/21 $12,546/YEAR Paid

Property C N A $42,694,980 6079265250 09/27/20 $29,475.23 10 of 11

Cyber Beazley $1M V28C3F190101 09/27/20 $10,450/year 10 of 11

EPLI Travelers $1M 107108660 06/20/20 $22,315/Year Paid

Workers CompensationGeneral Insurance Company

$1M EA. ACCIDENT/$1M POLICY

LIMIT, $1M EACH EMPLOYEE2000024751

06/01/20 $140,927/Year Paid

Taxes

ATTACHMENT 1

Wages Paid

of 27Case 3:20-bk-01940 Doc 166 Filed 08/18/20 Entered 08/18/20 14:57:32 Desc MainDocument Page 2 of 27

ATTACHMENT 1

CASE NAME: MBH HIGHLAND, LLC, MBH WEST VIRGINIA, LLC, MBH

HEALTH CENTER, LLC,

CASE NUMBER: 3:20-bk-01940, 3:20-bk-01939, 3:20-bk-01941

MONTH OF: July-20

Debtor MBH Highland LLC

MBH Health

Center LLC MBH Highland LLC MBH Highland LLC MBH Highland LLC MBH Highland LLC

3. Bank Accounts Operating Account

Operating

Account

Operating

Account

Operating

Account

Investment

Account

Operating

Account Total

Bank Name ServisFirst Fifth Third BB&T BB&T BB&T BB&T

Account # x3153, x7383, x2724, x7391, x2559 x2606 x6592 x8496 x9768 x0869

Beginning bank balance $326,294.66 $236,324.52 $0.00 $0.00 $39,720.41 $0.00 $602,339.59

Plus: Collections $2,065,832.85 $130,000.00 - - - - $2,195,832.85

(See attached detail listing)

Less: Disbursements ($5,102,165.58) ($90.00) - - - - ($5,102,255.58)

(See attached detail listing)

Other:

Transfers In/Out $0.00 $0.00 - - - - $0.00

DIP Draw/(Sweep) $3,248,256.15 $3,248,256.15

Ending bank balance: 538,218.08 366,234.52 0.00 0.00 42,597.12 0.00 944,173.01

4. Postpetition Payments List any postpetition payments to professionals and payments on prepetition debts in the schedule below

(attach separate sheet if necessary).

Payments To/On Amount Date Explanation

Total $0.00

Prepetition Debts:

Payments To/On Amount Date Explanation

None this period

Total $0.00

CHAPTER 11

MONTHLY OPERATING REPORT

MONTHLY REPORTING QUESTIONNAIRE

of 27Case 3:20-bk-01940 Doc 166 Filed 08/18/20 Entered 08/18/20 14:57:32 Desc Main

Document Page 3 of 27

CASE NAME: MBH HIGHLAND, LLC, MBH WEST VIRGINIA, LLC, MBH HEALTH CENTER, LLC,


MONTH OF: July-20

Date Acct. # Transaction Description Explanation Amount

07/01/20 x7383 ACH Collections $47,974.49

07/01/20 x7383 ACH Collections 35,374







07/01/20 x7383 ACH Collections 860





07/01/20 x3153 Wire Transfer Credit - Summit Depsit Return Closing - Summit Deposit Return 200,000








07/06/20 x7383 DEPOSIT Collections 19,842








ServisFirst: Account x3153, x7383, x2559 x2724, x7391

ATTACHMENT 1

CHAPTER 11


DETAILED LISTING OF RECEIPTS




MONTH OF: July-20



ATTACHMENT 1

CHAPTER 11













07/09/20 x7383 DEPOSIT Collections 156






















MONTH OF: July-20



ATTACHMENT 1

CHAPTER 11
































MONTH OF: July-20



ATTACHMENT 1

CHAPTER 11






























Total Collections (all accounts) $2,065,832.85




MONTH OF: July-20

Date Acct # Number Transaction Description Amount Explanation

07/01/20 x3153 Wire Transfer Fee ($50.00) Bank Fees/Credit card fees











07/01/20 x7383 From DDA 1110317383,To DDA 111 0302559,June fees ($20.00) Bank Fees/Credit card fees

07/01/20 x3153 723080 FLOWERS BAКING СО OF ВARDSTOWN ($157.92) Food

07/01/20 x3153 110034 Bureau for Child Support Enforcment ($1,852.29) Garnishment pass through payment

07/01/20 x3153 PLAN FUND HSA BANK CCD MHL266822364266075907940000373 ($2,342.65) HSA funding

07/01/20 x3153 AFCO AFCO CCD 0220076916 053101121222850 ($11,412.22) Insurance

07/01/20 x3153 723116 СОМРНЕАLТН ($12,786.88) Medical Pro Fees/Contracted Physicians

07/01/20 x3153 723123 EXXONМOBIL ($12.10) Other vendors

07/01/20 x3153 723129 SECURITY AМERICA ($2,650.01) Other vendors

07/01/20 x3153 723117 ЅUММIТ HEALTHCARE МANAGEМENT ($160,557.97) Summit Management Fees

07/01/20 x3153 723109 QUEST DIAGNOSTICS ($0.80) Supplies

07/01/20 x3153 723126 EXPERIAN HEALTH, INC. ($124.12) Supplies

07/01/20 x3153 Wire Transfer Debit ARFC (AMERISOURCE RECEIVABLES 021000021 658535521 ($10,138.29) Closing - AmerisourceBergen Drug Corporation

07/01/20 x3153 Wire Transfer Debit FOUNDATION RISK PARTNERS OF FL 041272279 100707902 ($25,092.00) Closing - Acentria Insurance

07/01/20 x3153 Wire Transfer Debit TORTOLA ADVISORS LLC 084000026 185978402 ($55,000.00) Closing - Tortola Advisors, LLC

07/01/20 x3153 Wire Transfer Debit BASS BERRY & SIMS PLC 042000314 7550602606 ($130,000.00) Closing - Debtor Counsel - Bass, Berry & Sims PLC

07/01/20 x3153 Wire Transfer Debit MBH HIGHLAND LLC 091036164 822364266:MBH:94105:2018:06 ($919,095.87) Closing - IRS Cure Amount (941 Payroll Taxes)



07/01/20 x3153 Wire Transfer Debit COMMUNITY HEALTHCARE TRUST SER 084000026 188394718 - Closing ($167,929.68) Closing - CHCT Post-Petition/Pre-Close (4/1/20 - 6/30/20) Expenses

07/01/20 x3153 Wire Transfer Debit STATE OF WV 051503394 5174294463 ($636,086.70) Closing - State of West Virginia

07/01/20 x3153 Wire Transfer Debit COMMMUNITY HEALTHCARE TRUST 084000026 188394718 ($1,544,418.95) Closing - CHCT Cure Amount

07/02/20 x3153 723107 TIPTON, CAТHERINE ($82.53) Employee Compensation

07/02/20 x3153 110031 Bureau for Child Support Enforcment ($170.92) Garnishment pass through payment

07/02/20 x3153 723133 IPFS CORPORATION ($24,409.67) Insurance

07/02/20 x3153 723112 PATEL, DR. КАМАL ($600.00) Medical Pro Fees/Contracted Physicians

07/02/20 x3153 723082 GENESIS 4, LLC ($286.50) Other vendors

07/02/20 x3153 723128 CINTAS CORP ($82.40) Supplies

07/03/20 x3153 723108 NANCY SCHIERDING ($175.80) Employee Compensation


ATTACHMENT 1

CHAPTER 11


DETAILED LISTING OF DISBURSEMENTS





MONTH OF: July-20



ATTACHMENT 1

CHAPTER 11



07/03/20 x3153 110033 Helen B. Morris, Chapter 13 Trustee ($197.50) Garnishment pass through payment

07/03/20 x3153 723106 КАNАWНА CHARLESTON HEALTH DEPT ($300.00) Other vendors

07/03/20 x3153 723114 STERICYCLE, INC. ($255.73) Supplies

07/06/20 x3153 723132 CARD SERVICES ($5,023.38) Other vendors

07/06/20 x3153 723119 STRETTO ($23,552.19) Professional Fees

07/07/20 x3153 723110 FLOWERS BAКING СО OF BARDSTOWN ($92.78) Other vendors

07/07/20 x3153 723138 CUMMINS CROSSPOINT ($574.00) Other vendors

07/07/20 x3153 723137 CAREFUSION SOLUTIONS LLC ($171.00) Pharmacy

07/08/20 x3153 723071 МЕНТА, RAJESH К. МD ($197.00) Medical Pro Fees/Contracted Physicians

07/08/20 x3153 723077 WV AМERICAN WAТER ($6,472.39) Utilities



07/09/20 x3153 Wire Transfer Debit Payday Payroll Inc. 051408949 5029053301 ($334,980.86) Employee Compensation

07/09/20 x3153 Wire Transfer Debit Payday Payroll 051408949 5029053301 ($17,824.39) Employee Compensation

07/10/20 x3153 PAYMENTS GREAT-WEST TRUST CTX ST*820*0001\ BPR*C*6838.72*D*ACH*CTX*****58 ($6,838.72) 401k passthrough-Great west

07/10/20 x3153 PAYMENTS GREAT-WEST TRUST CTX ST*820*0001\ BPR*C*837.44*D*ACH*CTX*****580 ($837.44) 401k passthrough-Great west

07/10/20 x3153 723143 MOUSA, FAHD ($9,650.00) Medical Pro Fees/Contracted Physicians

07/10/20 x3153 723151 STOVER, KRISTINA M. ($3,600.00) Medical Pro Fees/Contracted Physicians

07/13/20 x3153 723010 SEAGER,КARI ($170.00) Employee Compensation

07/13/20 x3153 723142 HENDLEMAN, JOHN ($3,250.00) Employee Compensation

07/13/20 x3153 110036 Bureau for Child Support Enforcment ($1,852.29) Garnishment pass through payment

07/13/20 x3153 723165 KOMAX BUSINESS SYSTEMS ($234.33) Lease Payment/REIT

07/13/20 x3153 723155 COMPHEALTH ($12,786.88) Medical Pro Fees/Contracted Physicians

07/13/20 x3153 723174 MAXIM HEALTHCARE SERVICES ($18,293.38) Other Pro Fees/contracted nurses/lab

07/13/20 x3153 723160 TERRA CARE, INC. ($1,926.00) Other vendors

07/13/20 x3153 723162 R.D. WILSON-SONS & COMPANY ($3,323.39) Repairs and Main/ CapEx

07/13/20 x3153 723149 MCKESSON MEDICAL SURGICAL ($2,887.26) Supplies

07/13/20 x3153 723146 CHARLESTON SANITARY BOARD ($6,141.39) Utilities

07/14/20 x3153 723148 EAST SIDE JERSEY DAIRY INC ($3,390.55) Food

07/14/20 x3153 110040 Bureau for Child Support Enforcment ($12.00) Garnishment pass through payment

07/14/20 x3153 723168 SECURITY AMERICA ($7,482.16) Other Purchased Services

07/14/20 x3153 723172 ESOLUTIONS, INC. ($180.00) Other Purchased Services

07/14/20 x3153 723144 MARLIN BUSINESS BANK ($916.95) Other vendors

07/14/20 x3153 723163 HD SUPPLY ($159.41) Other vendors

07/14/20 x3153 723166 ABILITY NETWORK INC ($876.33) Other vendors

07/14/20 x3153 723150 DRUG EMPORIUM INC. ($9.56) Pharmacy

07/14/20 x3153 723153 GENETCO, INC ($296.76) Pharmacy

07/14/20 x3153 723173 HOLSCLAW CONSULTING ($2,500.00) Professional Fees

07/14/20 x3153 723170 OFFICE DEPOT ($1,080.15) Supplies





MONTH OF: July-20



ATTACHMENT 1

CHAPTER 11



07/15/20 x3153 723175 JERRY WINE ($200.00) Employee Compensation

07/15/20 x3153 110032 United Way of Central WV ($34.50) Garnishment pass through payment

07/15/20 x3153 110038 Helen B. Morris, Chapter 13 Trustee ($197.50) Garnishment pass through payment

07/15/20 x3153 110039 United Way of Central WV ($14.50) Garnishment pass through payment

07/15/20 x3153 723141 LILLY, BRANDON K. ($20,600.00) Medical Pro Fees/Contracted Physicians

07/15/20 x3153 723154 ASSOCIATED RADIOLOGISTS INC ($77.00) Other Purchased Services

07/15/20 x3153 723157 STRATUS VIDEO, LLC ($50.00) Other vendors

07/16/20 x3153 723011 WALКER, DANIEL ($86.13) Employee Compensation

07/16/20 x3153 723176 KANAWHA CHARLESTON HEALTH DEPT ($265.00) Other vendors

07/16/20 x3153 723164 BRIGGS HEALTHCARE ($107.94) Supplies

07/16/20 x3153 723145 APPALACHIAN POWER ($13,931.24) Utilities

07/17/20 x3153 PLAN FUND HSA BANK CCD MHL266822364266075907940000737 ($1,878.15) HSA funding

07/17/20 x3153 723159 CADLE SANITARY SERVICE, INC. ($240.75) Other Purchased Services



07/17/20 x3153 WVTAXPAYPBWVTREASURY CCD STO1941639168 042000012722687 ($1,007.37) Use tax

07/20/20 x3153 PLAN FUND HSA BANK CCD MHL266822364266075907940000427 ($150.00) HSA funding

07/20/20 x3153 723183 PETTY CASH ($298.55) Other vendors

07/20/20 x3153 723156 SUMMIT HEALTHCARE MANAGEMENT ($57,389.64) Summit Management Fees

07/20/20 x3153 723189 MCKESSON MEDICAL SURGICAL ($384.75) Supplies

07/21/20 x3153 723152 THOPSIE JAGANNATH, M.D. ($1,960.00) Medical Pro Fees/Contracted Physicians

07/21/20 x3153 723201 MAXIM HEALTHCARE SERVICES ($5,616.52) Other Pro Fees/contracted nurses/lab

07/21/20 x3153 723199 SECURITY AMERICA ($2,508.66) Other Purchased Services

07/21/20 x3153 723197 JOB SQUAD ($2,618.42) Other vendors

07/21/20 x3153 723191 DRUG EMPORIUM INC. ($4.00) Pharmacy

07/21/20 x3153 723186 MOUNTAINEER GAS COMPANY ($153.54) Utilities

07/21/20 x3153 723190 AIRGAS USA, LLC ($57.25) Utilities

07/21/20 x3153 723193 ONE SOURCE COMMUNICATIONS ($12,944.96) Utilities

07/22/20 x3153 723194 CHARLESTON CUT FLOWERS ($120.84) Other vendors

07/22/20 x3153 723196 UNITED AD LABEL - UAL ($116.01) Other vendors

07/22/20 x3153 723187 QUEST DIAGNOSTICS ($1,442.20) Supplies

07/22/20 x3153 723184 CITY OF CHARLESTON ($67,503.00) B&O tax

07/23/20 x2724 Fee Code $20.00 Bank Fees/Credit card fees

07/23/20 x7391 Fee Code $20.00 Bank Fees/Credit card fees

07/23/20 x3153 723182 BRAGG, GERALD D. JR ($70.00) Employee Compensation

07/23/20 x3153 723195 BRIGGS HEALTHCARE ($80.95) Supplies

07/24/20 x3153 723147 FLOWERS BAKING CO OF BARDSTOWN ($839.96) Other vendors

07/24/20 x3153 723185 VERIZON ($108.20) Other vendors

07/27/20 x3153 723198 C&H TAXI ($1,808.50) Other vendors





MONTH OF: July-20



ATTACHMENT 1

CHAPTER 11





07/28/20 x3153 Wire Transfer Debit Payday Payroll Inc. 051408949 5029053301 ($397,654.58) Employee Compensation

07/28/20 x3153 Wire Transfer Debit Payday Payroll 051408949 5029053301 ($24,561.07) Employee Compensation

07/28/20 x3153 EMPL FEE HSA BANK CCD MHL266822364266075907940001275 ($152.25) HSA funding

07/28/20 x3153 723200 qliqSOFT ($300.00) Other vendors

07/30/20 x3153 723204 MOUSA, FAHD ($1,750.00) Medical Pro Fees/Contracted Physicians

07/31/20 x2559 Service Charge ($20.00) Bank Fees/Credit card fees

07/31/20 x2724 Paid Item Fee ($35.00) Bank Fees/Credit card fees


07/31/20 x7383 Account Analysis Charge ($100.00) Bank Fees/Credit card fees


07/31/20 x3153 723158 RATLIFF, NINA ($1,600.00) Employee Compensation

07/31/20 x2724 8720 CITY OF CHARLESTON ($585.00) B&O tax

Total Disbursements ($5,102,165.58)





MONTH OF: July-20


07/01/20 x3153 Electronic Transfer Credit DIP Draw 3,766,097.68

07/01/20 x2559 Electronic Transfer Credit DIP Draw $20.00

07/01/20 x7383 TRANSFER TO DDA DIP Sweep ($132,388.47)

07/01/20 x7383 Per Danny Carpenters email didnt sweep on 6/30/2020DIP Sweep ($143.94)






07/08/20 x3153 Electronic Transfer Credit DIP Draw $352,805.75




















ServisFirst:Account x3153, x7383, x2559 x2724, x7391

ATTACHMENT 1

CHAPTER 11


DETAILED LISTING OF DIP TRANSACTIONS




MONTH OF: July-20



ATTACHMENT 1

CHAPTER 11


DETAILED LISTING OF DIP TRANSACTIONS













Total DIP Draw/(Sweep) $3,248,256.15




MONTH OF: July-20


None this period

Total Transfers x3153 $0.00

None this period

Total Transfers x7391 $0.00


ATTACHMENT 1

CHAPTER 11


DETAILED LISTING OF TRANSFERS




MONTH OF: July-20


07/01/20 x2606 Wire Deposit Wire Transfer Debit BASS BERRY & SIMS PLC $130,000.00

Total Collections x2606 $130,000.00

Fifth Third: Account x2606

ATTACHMENT 1

CHAPTER 11






MONTH OF: July-20


07/15/20 x2606 ACH Orion Healthcare ($90.00) EHR

Total Disbursements - x2606 ($90.00) Total Disbursements - x2606


ATTACHMENT 1

CHAPTER 11






MONTH OF: July-20


None this period Transfers

Total Transfers - x2606 $0.00


ATTACHMENT 1

CHAPTER 11


DETAILED LISTING OF TRANSFERS




MONTH OF: July-20


No collections for this period

BB&T: Account x6592, x8496, x0869 x9766

ATTACHMENT 1

CHAPTER 11






MONTH OF: July-20


No Disbursements for this period

BB&T: Account x6592, x8496, x0869 x9766

ATTACHMENT 1

CHAPTER 11




COMPARATIVE BALANCE SHEETSFORM OPR-1

MONTH MONTH MONTH MONTH MONTH MONTH MONTH MONTHENDING ENDING ENDING ENDING ENDING ENDING ENDING ENDING

4/30/2020 5/31/2020 6/30/2020 7/31/2020 8/31/2020 9/30/2020 10/31/2020 11/30/2020Assets

Current AssetsBank Accounts $38,686 $77,489 ($176,981) $944,173Deposits and Prepayments $7,510 $7,510 $7,510 $0Accounts Receivable $5,218,164 $5,218,164 $6,038,593 $0Allowance for Doubtful Accounts ($2,041,514) ($2,041,514) ($1,534,556) $0Inventory, Net $245,594 $245,594 $245,594 $0

Total Current Assets $3,468,440 $3,507,243 $4,580,160 $944,173 $0 $0 $0 $0 $0 $0

Fixed Assets

Office furniture, fixtures and equipment $73,405 $73,405 $73,405 $0Rolling stock, vehicles $385,480 $385,480 $385,480 $0

Total Fixed Assets $458,885 $458,885 $458,885 $0 $0 $0 $0 $0 $0 $0

Total Assets $3,927,325 $3,966,128 $5,039,045 $944,173 $0 $0 $0 $0 $0 $0


CASE NAME: MBH HIGHLAND, LLC, MBH WEST VIRGINIA,

LLC, MBH HEALTH CENTER, LLC, July 31, 2020


FORM OPR-2

CASE NAME: MBH HIGHLAND, LLC, MBH WEST

VIRGINIA, LLC, MBH HEALTH CENTER, LLC,

CASE NUMBER: 3:20-bk-01940, 3:20-bk-01939, 3:20-

bk-01941

MONTH MONTH MONTH MONTH MONTH MONTH MONTH MONTH

ENDING ENDING ENDING ENDING ENDING ENDING ENDING ENDING

4/30/2020 5/31/2020 6/30/2020 7/31/2020 8/31/2020 9/30/2020 10/31/2020 11/30/2020

Liabilities

Post Petition Liabilities

Accounts Payable $519,020 $450,677 $197,021 $129,392

DIP ($1,668,017) ($1,419,710) ($1,239,342) $0

Total Post Petition Liabilities ($1,148,997) ($969,033) ($1,042,321) $129,392 $0 $0 $0 $0 $0 $0

Pre Petition Liabilities

Secured Debt

CHCT Lending, LLC - Secured $1,300,000 $1,300,000 $1,300,000 $1,300,000

CHCT Lending, LLC - Mezannine $6,176,000 $6,176,000 $6,176,000 $6,176,000

Charleston B&O Taxes $0 $0 $0

Green Capital $0 $0 $0

World Global $0 $0 $0

IRS Installment Agreement $1,245,595 $1,227,595 $1,209,595 $1,191,595

West Virginia Provider Taxes $0 $0 $0

Total Secured Debt $8,721,595 $8,703,595 $8,685,595 $8,667,595 $0 $0 $0 $0 $0 $0

Unsecured Debt

Priority Debt - Charleston B&O Taxes $0 $0 $0 $0

Priority Debt - West Virgina Provider Taxes $0 $0 $0 $0

Non-Priority Debt $8,505,264 $8,505,264 $8,505,264 $8,505,264

Unsecured Debt $8,505,264 $8,505,264 $8,505,264 $8,505,264

Total Liabilities $16,077,862 $16,239,825 $16,148,538 $17,302,251 $0 $0 $0 $0 $0 $0

Equity

Shareholder's Equity (post filing date) ($10,402,211) ($10,402,211) ($10,402,211) ($10,402,211)

Retained Earnings (post filing date) ($599,328) ($902,452) $335,040 ($6,085,258)

Total Equity ($11,001,539) ($11,304,664) ($10,067,172) ($16,487,469) $0 $0 $0 $0 $0 $0

Total Liabilities and Equity $3,927,325 $3,966,128 $5,039,045 $944,173 $0 $0 $0 $0 $0 $0

COMPARATIVE BALANCE SHEETS



FORM OPR-3

MONTH ENDED:

OVER

TOTAL Current 0 - 30 Days 31 -60 Days 61 - 90 Days Over 90

MONTH: April 30, 2020 $5,218,163.98 $1,928,833.62 $749,207.17 $498,609.42 $2,041,513.77

Allowance for doubtful accounts ($2,041,513.77) <_____> <_____> <_____> <_____> ($2,041,513.77)

Net Accounts Receivable $3,176,650.21 $0.00 $1,928,833.62 $749,207.17 $498,609.42 $0.00

MONTH: May 31, 2020 $5,039,363.94 2,111,524.62$ 747,299.11$ 314,241.52$ 1,866,298.69$


Net Accounts Receivable $3,173,065.25 $0.00 $2,111,524.62 $747,299.11 $314,241.52 $0.00

MONTH: June 30, 2020 $6,038,592.77 2,810,899.80$ 1,004,310.60$ 688,826.69$ 1,534,555.68$


Net Accounts Receivable $4,504,037.09 $0.00 $2,810,899.80 $1,004,310.60 $688,826.69 $0.00

MONTH: July 31, 2020 $0.00 -$ -$ -$ -$

Allowance for doubtful accounts $0.00 <_____> <_____> <_____> <_____> $0.00

Net Accounts Receivable $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

SUMMARY OF ACCOUNTS RECEIVABLE

CASE NAME: MBH HIGHLAND, LLC, MBH

WEST VIRGINIA, LLC, MBH HEALTH CENTER,

LLC, July 31, 2020

CASE NUMBER: 3:20-bk-01940, 3:20-bk-

01939, 3:20-bk-01941


SUMMARY OF POST PETITION LIABILITIES

FORM OPR-4

MONTH ENDED:

TOTAL Current 1-30 31-60 61-90 Over 90

DUE DAYS DAYS DAYS DAYS

ACCRUED EXPENSES:

Accounts Payable $129,391.75 $129,391.75 $0.00 $0.00 $0.00 $0.00

TOTAL POST PETITION AP

(see attached AP Detail Listing)

TOTALS: $129,391.75 $129,391.75 $0.00 $0.00 $0.00 $0.00

CASE NAME: MBH HIGHLAND, LLC, MBH WEST

VIRGINIA, LLC, MBH HEALTH CENTER, LLC,July 31, 2020

CASE NUMBER: 3:20-bk-01940, 3:20-bk-01939, 3:20-

bk-01941


FORM OPR-4

MONTH ENDED:

InvoiceVendor Name Date Current 1-30 31-60 61-90 Over 90

U.S. Trustee $129,391.75

Accounts Payable Aging

DETAIL LISTING OF POST PETITION ACCOUNTS PAYABLE



LLC,

CASE NUMBER: 3:20-bk-01940, 3:20-bk-

01939, 3:20-bk-01941

July 31, 2020


FORM OPR-4

MONTH ENDED:

InvoiceVendor Name Date Current 1-30 31-60 61-90 Over 90

Accounts Payable Aging

DETAIL LISTING OF POST PETITION ACCOUNTS PAYABLE



LLC,

CASE NUMBER: 3:20-bk-01940, 3:20-bk-

01939, 3:20-bk-01941

July 31, 2020

TOTAL POST PETITION AP $129,391.75 $0.00 $0.00 $0.00 $0.00


STATEMENT OF INCOME (LOSS) [1]

FORM OPR-5

MONTH MONTH MONTH MONTH

ENDING ENDING ENDING ENDING FILING

4/30/2020 5/31/2020 6/30/2020 7/31/2020 TO DATE

Income

Net Collections $3,040,996 $2,448,883 $1,991,963 $2,195,833 $9,677,674

Expenses

Employee Compensation ($1,373,124) ($971,534) ($975,578) ($780,655) ($4,100,891)

Health Insurance ($72,691) ($135,654) ($71,034) $0 ($279,379)

IRS re-payment $0 ($18,000) ($18,000) $0 ($36,000)

Wellnet ($4,829) $0 $0 $0 ($4,829)

Supplies ($969) ($25,880) ($28,597) ($6,776) ($62,221)

Food ($15,912) ($60,691) ($31,433) ($3,548) ($111,585)

Pharmacy ($23,565) ($11,405) ($10,060) ($481) ($45,511)

Other Purchased Services $0 ($19,101) ($9,626) ($10,489) ($39,216)

Medical Pro Fees/Contracted Physicians ($50,830) ($111,667) ($69,069) ($63,931) ($295,496)

Other Pro Fees/contracted nurses/lab ($15,673) ($50,077) ($31,126) ($23,910) ($120,786)

Summit Management Fees $0 ($263,289) ($151,077) ($217,948) ($632,313)

EHR ($32,304) ($32,304) ($944) ($90) ($65,643)

Repairs and Main/ CapEx ($1,732) ($69,135) ($72,296) ($3,323) ($146,486)

Other vendors ($10) ($8,890) ($141,350) ($19,343) ($169,594)

Travel $0 $0 $0 $0 $0

Bank Fees/Credit card fees ($1,333) ($12,860) ($232) ($705) ($15,130)

Insurance ($23,346) ($78,869) ($23,346) ($35,822) ($161,383)

Utilities ($35,929) ($40,483) ($48,880) ($39,701) ($164,994)

Lease Payment/REIT ($225,674) ($224,002) ($105,720) ($234) ($555,629)

Property Tax $0 $0 $0 $0 $0

P-Cards/Credit Cards (Highland) ($19,996) ($30,000) ($24,000) $0 ($73,996)

Workers Comp $0 $0 $0 $0 $0

Use tax $0 ($376) ($109,424) ($1,007) ($110,808)

B&O tax ($9,011) ($11,753) $0 ($68,088) ($88,852)

Provider tax ($3,364) $0 ($60) $0 ($3,424)

401k passthrough-Great west ($18,514) ($16,884) ($16,231) ($7,676) ($59,305)

HSA funding ($18,423) ($5,153) ($17,867) ($4,523) ($45,966)

Garnishment pass through payment ($5,529) ($5,353) ($3,979) ($4,332) ($19,192)

Professional Fees ($900) ($454,920) ($468,992) ($26,052) ($950,864)

DIP Draw/(Sweep) ($1,668,017) $248,307 $180,368 $3,248,256 $2,008,914

IRS Payoff ($18,000) $0 $0 $0 ($18,000)

Closing - AmerisourceBergen Drug Corporation ($10,138) ($10,138)

Closing - Acentria Insurance ($25,092) ($25,092)

Closing - Tortola Advisors, LLC ($55,000) ($55,000)

Closing - Debtor Counsel - Bass, Berry & Sims PLC ($130,000) ($130,000)

Closing - IRS Cure Amount (941 Payroll Taxes) ($1,214,955) ($1,214,955)

Closing - CHCT Post-Petition/Pre-Close (4/1/20 - 6/30/20) Expenses ($167,930) ($167,930)

Closing - State of West Virginia ($636,087) ($636,087)

Closing - CHCT Cure Amount ($1,544,419) ($1,544,419)

US Trustee Fees/Filing Fees ($650) $0 $0 $0 ($650)

$0

Net Income ($599,328) $38,910 ($256,591) $341,833 $0 $0 ($475,175)

[1] Cash based income statement


CASE NAME: MBH HIGHLAND, LLC, MBH WEST VIRGINIA, LLC, MBH HEALTH

CENTER, LLC,


case 3:20-bk-01940 doc 166 filed 08/18/20 entered 08/18/20

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