Case 18-11120-BLS Doc 1022 Filed 05/29/19 Page 1 of 39Case 18-11120-BLS Doc 1022 Filed 05/29/19 Page 1 of 39 VG Liquidation Inc. Cash Receipts and Disbursements April 2019 Case 18-11120

Case 18-11120-BLS Doc 1022 Filed 05/29/19 Page 1 of 39

VG Liquidation Inc.Cash Receipts and Disbursements

April 2019Case 18-11120All Amounts in USD

VG MTReceipts: VG Liquidation Inc. VG Liquidation Ltd. Liquidation LLC TotalAR Collections 134,580.79 341,908.61 - 476,489.40 Loans and Advances - - - - Sale of Assets - - - - Other - - - - Tax Refund - - - - Interest Received 10.92 136.39 - 147.32 Transfers from DIP Accounts 53,278.60 - 153.35 53,431.95 Total Receipts 187,870.31 342,045.00 153.35 530,068.66

- Disbursements:Net Payroll 31,448.81 - - 31,448.81 Payroll Taxes 20,965.87 - - 20,965.87 Sales Use and Other Taxes (1) 464,933.80 935.99 - 465,869.79 Inventory Purchases - - - - Secured Rental/Leases 2,005.56 - - 2,005.56 Insurance - - - - Administrative 7,816.91 306.78 - 8,123.69 Selling - - - - Other - - - - Benefits 1,509.17 221.14 - 1,730.31 Commercial Card Payment - - - - Employee Exp Reimbursement - - - - Loan Repayment - - - - Utilities - - - - DIP Loan Fees/Interest - - - - Data/Hosting/IT Costs - - 153.35 153.35 Temp Staffing - - - - Misc 16,659.70 6,388.75 - 23,048.45 Owner Draw - - - - Transfers to DIP Accounts 53,431.95 - - 53,431.95 AR Transfers to Amobee 137,548.02 3,923.87 - 141,471.89 Professional Fees 568,858.17 6,331.07 - 575,189.24 US Trustee Qtrly Fees 27,054.00 - - 27,054.00 Court Costs - - - - Total Disbursements 1,332,231.96 18,107.62 153.35 1,350,492.93

- Net Change in cash (1,144,361.65) 323,937.38 - (820,424.27)

Beginning Cash Balance 4/1/19 66,406,031.43 605,865.75 - 67,011,897.18 Ending Cash Balance 4/30/19 65,261,669.78 929,803.14 - 66,191,472.92

(1) Primarily US state tax extension payments

-


VG Liquidation Inc., et al.Cash Receipts and Disbursements

April 2019Case 18-11120 VG Liquidation Inc. VG Liquidation Inc. VG Liquidation Inc. VG Liquidation Inc. VG Liquidation Inc. VG Liquidation Inc. VG Liquidation Inc. VG MT Liquidation LLC VG Liquidation Ltd. VG Liquidation Ltd.All Amounts in USD USD USD USD USD USD USD USD USD USD USD

Total Sum of LB 6121 Sum of Op 6139 Sum of PR 6147 Sum of CAD AR 6707 Sum of CAD AP 6715 Sum of Util 9186 Sum of Coll 4121 Sum of USD 6295 Sum of USD 2817 Sum of EUR AR 1616Receipts:AR Collections 476,489.40 - 387.66 - - - - Loans and Advances - - - - - Sale of Assets - - - - - Other - - - - - Tax Refund - - - - - Interest Received 147.32 - - 7.10 3.82 17.46 - Transfers from DIP Accounts 53,431.95 - 53,278.60 - - 153.35 - Total Receipts 530,068.66 - 387.66 53,278.60 - 7.10 3.82 - 153.35 17.46 -

Disbursements:Net Payroll 31,448.81 - 31,448.81 - - - Payroll Taxes 20,965.87 - 20,965.87 - - - Sales Use and Other Taxes (1) 465,869.79 - 464,933.80 - - - Inventory Purchases - - - - - Secured Rental/Leases 2,005.56 - 2,005.56 - - - Insurance - - - - - Administrative 8,123.69 - 6,552.50 - - - Selling - - - - - Other - - - - - Benefits 1,730.31 - 645.25 863.92 - - - Commercial Card Payment - - - - - Employee Exp Reimbursement - - - - - Loan Repayment - - - - - Utilities - - - - - DIP Loan Fees/Interest - - - - - Data/Hosting/IT Costs 153.35 - - - 153.35 - Temp Staffing - - - - - Misc 23,048.45 - 16,659.70 - - - Owner Draw - - - - - Transfers to DIP Accounts 53,431.95 - 53,431.95 - - - - - AR Transfers to Amobee 141,471.89 - 3,354.89 - - - Professional Fees 575,189.24 - 568,858.17 - - - US Trustee Qtrly Fees 27,054.00 - 27,054.00 - - - Court Costs - - - - - Total Disbursements 1,350,492.93 - 1,143,495.82 53,278.60 - - - - 153.35 - -

- Net Change in cash (820,424.27) - (1,143,108.16) - - 7.10 3.82 - - 17.46 -

Beginning Cash Balance 4/1/19 67,011,897.18 - 66,254,987.60 - - 23,572.73 17,213.46 - - 13,164.17 - Ending Cash Balance 4/30/19 66,191,472.92 - 65,111,879.44 - - 23,579.83 17,217.28 - - 13,181.63 -


FX RatesGBP 1.2995 EUR 1.1204 CAD 0.7443 AUD 0.7048



April 2019Case 18-11120All Amounts in USD

TotalReceipts:AR Collections 476,489.40 Loans and Advances - Sale of Assets - Other - Tax Refund - Interest Received 147.32 Transfers from DIP Accounts 53,431.95 Total Receipts 530,068.66

Disbursements:Net Payroll 31,448.81 Payroll Taxes 20,965.87 Sales Use and Other Taxes (1) 465,869.79 Inventory Purchases - Secured Rental/Leases 2,005.56 Insurance - Administrative 8,123.69 Selling - Other - Benefits 1,730.31 Commercial Card Payment - Employee Exp Reimbursement - Loan Repayment - Utilities - DIP Loan Fees/Interest - Data/Hosting/IT Costs 153.35 Temp Staffing - Misc 23,048.45 Owner Draw - Transfers to DIP Accounts 53,431.95 AR Transfers to Amobee 141,471.89 Professional Fees 575,189.24 US Trustee Qtrly Fees 27,054.00 Court Costs - Total Disbursements 1,350,492.93

- Net Change in cash (820,424.27)

Beginning Cash Balance 4/1/19 67,011,897.18 Ending Cash Balance 4/30/19 66,191,472.92


FX RatesGBP 1.2995 EUR 1.1204 CAD 0.7443 AUD 0.7048

VG Liquidation Ltd. VG Liquidation Ltd. VG Liquidation Ltd. VG Liquidation Ltd. VG Liquidation Ltd. VG Liquidation Inc. Videology SpainUSD USD USD USD USD USD USD

Sum of EUR AP 1617 Sum of GBP AR 1614 Sum of GBP AP 1615 Sum of AUD 1837 Sum of GBP 0046 Sum of USD 5920 Sum of EUR 8387

341,908.61 - - - - 134,193.13 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 118.93 - - - - - - - - - - -

341,908.61 - 118.93 - - 134,193.13 -

- - - - - - - - - - - - - - - - - - - - 935.99 - - - - - - - - - - - - - - - - - - - - - - - - - 306.78 1,264.41 - - - - - - - - - - - - - - - - - - - - - 221.14 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2,134.58 - - - 4,254.17 - - - - - - - - - - - - - -

1,816.74 - 2,107.13 - - 134,193.13 - - - 6,331.07 - - - - - - - - - - - - - - - - - -

1,816.74 - 10,572.79 - 306.78 135,457.54 5,411.31

340,091.87 - (10,453.85) - (306.78) (1,264.41) (5,411.31)

19,760.54 6.38 545,946.59 - 19,123.40 110,257.64 7,864.67 359,852.40 6.38 535,492.74 - 18,816.62 108,993.23 2,453.37



April 2019Case 18-11120 VG Liquidation Inc. VG Liquidation Inc. VG Liquidation Inc. VG Liquidation Inc. VG Liquidation Inc. VG Liquidation Inc. VG Liquidation Inc. VG MT Liquidation LLC VG Liquidation Ltd.All Amounts in Local Currency USD USD USD CAD CAD USD USD USD USD

Sum of LB 6121 Sum of Op 6139 Sum of PR 6147 Sum of CAD AR 6707 Sum of CAD AP 6715 Sum of Util 9186 Sum of Coll 4121 Sum of USD 6295 Sum of USD 2817Receipts:AR Collections - 387.66 - - - Loans and AdvancesSale of AssetsOther Tax Refund Interest Received 9.54 3.82 17.46 Transfers from DIP Accounts 53,278.60 153.35 Total Collections - 387.66 53,278.60 - 9.54 3.82 - 153.35 17.46

Disbursements:Net Payroll 31,448.81 Payroll Taxes 20,965.87 Sales Use and Other Taxes (1) 464,933.80 Inventory PurchasesSecured Rental/Leases 2,005.56 InsuranceAdministrative 6,552.50 SellingOther Benefits 645.25 863.92 Commercial Card Payment Employee Exp Reimbursement Loan Repayment Utilities DIP Loan Fees/Interest Data/Hosting/IT Costs 153.35 Temp Staffing Misc 16,659.70 Owner DrawTransfers to DIP Accounts - 53,431.95 - - - AR Transfers to Amobee 3,354.89 Professional Fees 568,858.17 US Trustee Qtrly Fees 27,054.00 Court CostsTotal Disbursements - 1,143,495.82 53,278.60 - - - - 153.35 -

Net Change in cash - (1,143,108.16) - - 9.54 3.82 - - 17.46

Beginning Cash Balance 4/1/19 - 66,254,987.60 - - 31,669.96 17,213.46 - - 13,164.17 Ending Cash Balance 4/30/19 - 65,111,879.44 - - 31,679.50 17,217.28 - - 13,181.63

Statement balance - 65,111,879.44 - - 31,679.50 17,217.28 - - 13,181.63 Difference - - - - - - - - -

USD amount - 65,111,879.44 - - 23,579.83 17,217.28 - - 13,181.63




April 2019Case 18-11120All Amounts in Local Currency

Receipts:AR CollectionsLoans and AdvancesSale of AssetsOther Tax Refund Interest ReceivedTransfers from DIP AccountsTotal Collections

Disbursements:Net PayrollPayroll TaxesSales Use and Other Taxes (1) Inventory PurchasesSecured Rental/Leases InsuranceAdministrativeSellingOther Benefits Commercial Card Payment Employee Exp Reimbursement Loan Repayment Utilities DIP Loan Fees/Interest Data/Hosting/IT Costs Temp Staffing Misc Owner DrawTransfers to DIP AccountsAR Transfers to AmobeeProfessional FeesUS Trustee Qtrly FeesCourt CostsTotal Disbursements

Net Change in cash

Beginning Cash Balance 4/1/19Ending Cash Balance 4/30/19

Statement balanceDifference

USD amount

(1) Primarily US state tax extension payment

VG Liquidation Ltd. VG Liquidation Ltd. VG Liquidation Ltd. VG Liquidation Ltd. VG Liquidation Ltd. VG Liquidation Ltd. VG Liquidation Inc. Videology SpainEUR EUR GBP GBP AUD GBP USD EUR

Sum of EUR AR 1616 Sum of EUR AP 1617 Sum of GBP AR 1614 Sum of GBP AP 1615 Sum of AUD 1837 Sum of GBP 0046 Sum of USD 5920 Sum of EUR 8387

- 305,153.43 - 134,193.13

- 91.52 - -

- 305,153.43 - 91.52 - - 134,193.13 -

835.37

236.07 1,264.41

197.37

1,642.56 3,796.85

- - - 1,621.44 1,621.44 134,193.13

4,871.76

- 1,621.44 - 8,135.76 - 236.07 135,457.54 4,829.59

- 303,531.99 - (8,044.24) - (236.07) (1,264.41) (4,829.59)

- 17,636.28 4.91 420,105.90 - 14,715.46 110,257.64 7,019.22 - 321,168.27 4.91 412,061.66 - 14,479.39 108,993.23 2,189.63 - 321,168.27 4.91 412,061.66 - 14,479.39 108,993.23 2,189.63 - - 0.00 - - - - -

- 359,852.40 6.38 535,492.74 - 18,816.62 108,993.23 2,453.37


VG Liquidation Inc. VG MT Liquidation LLC Collider Lucid VG Liquidation Ltd.Bank Reconciliatons completed Yes Yes Yes Yes Yes

See attached bank statements


VG Liquidation Inc., et al. Schedule of Professionsal Fees and Expenses Paid April 2019

Payee Period Covered Amount Payor Check/wire Fees Expenses Fee Expenses TotalArent Fox LLP -$ -$ 91,594$ 3,854$ 95,448$ Bayard PA -$ -$ 33,020$ 735$ 33,755$ Berkeley Research Group Holdback 104,416$ VG Liquidation, Inc. Wire 104,416$ -$ 1,330,665$ 94,982$ 1,425,647$ Cole Schotz PC Holdback + Feb 2019 147,589$ VG Liquidation, Inc. Wire 147,255$ 335$ 1,201,544$ 18,569$ 1,220,113$ Cooley LLP Holdback + Feb 2019 123,221$ VG Liquidation, Inc. Wire 122,922$ 299$ 1,181,705$ 22,582$ 1,204,287$ DWF LLP Holdback 4,871.76£ VG Liquidation, Ltd. Wire 4,872£ -£ 183,747£ 16,139£ 199,885$ Eversheds Sutherland -£ -£ 21,268£ -£ 21,268$ Gavin Solmonese LLC - Credit Com Counsel Holdback + Feb 2019 79,817$ VG Liquidation, Inc. Wire 79,812$ 4$ 509,749$ 2,021$ 511,770$ Hogan Lovells Holdback 12,734$ VG Liquidation, Inc. Wire 12,359$ 375$ 186,040$ 3,432$ 189,471$ Luma Partners -$ -$ 7,340,251$ -$ 7,340,251$ Pillsbury -$ -$ 21,916$ -$ 21,916$ PriceWaterhouse Coopers -$ -$ 40,130$ -$ 40,130$ Whiteford Taylor & Preston LLP Holdback + Feb 2019 101,081$ VG Liquidation, Inc. Wire 99,803$ 1,278$ 487,890$ 12,355$ 500,245$ Total 575,189$ * 572,898 2,291 * 12,690,929$ 179,502$ 12,870,431$ *GBP amt. converted to USD at 1.2995 for 'Total'

Current Month To Date


Videology, IncStatement of operations4/30/2019Case 18-11120All Amounts in USD

Financial Row 100 VID Inc 110 Collider 130 VMT LLC 200 VID LTD UK 203 ES Branch Total

Amount Amount Amount Amount Amount Amount

Inventory Costs0 0 0 749,764 0 749,764

Represents non-cash clean-up of old GroupM balances. All cash transactions were properly settled with the customer, GroupM.

Inventory Contribution 0 0 0 (749,764) 0 (749,764)

Cost of Sales 0 0 153 0 0 153

Gross Profit 0 0 (153) (749,764) 0 (749,918)

Operating Expenses

Payroll Expenses(1,167,500) 0 0 (5,518) (45,831) (1,218,849)

Elimination of excess PTO accrual of $1.5 million, partially offset by reversal of a MD tax credit which will not occur. No cash impact for either item.

Advertising/Promotional w/o AHC 1,775 0 0 0 0 1,775

Office/General Administrative Expenses

GENLEXP - Office/G&A Expenses

61902 - Consultants 9,030 0 0 0 0 9,030

62100 - Cell Phones/Email 212 0 0 0 0 212

62300 - Miscellaneous300,238 0 0 0 0 300,238 Reversal of remaining Amobee escrow accrual. Final escrow payment occurred during 2018. The initial accrual

was done using an estimate, which was finalized at the asset closing.

62500 - Taxes - Sales and Use 0 0 0 0 933 933

62600 - Taxes - Business and License 485,059 0 0 0 0 485,059 PA Taxes

64000 - Accounting Fees 0 0 0 0 4,415 4,415

64200 - Lease Expense 2,006 0 0 0 0 2,006

65100 - Bank Fees 7,429 0 0 0 0 7,429

Total - GENLEXP - Office/G&A Expenses 803,973 0 0 0 5,348 809,321

Total - Office/General Administrative Expenses 803,973 0 0 0 5,348 809,321

Total Operating Expenses (361,752) 0 0 (5,518) (40,483) (407,753)

Operating Income (Loss) 361,752 0 (153) (744,246) 40,483 (342,164)

Other Income and Expenses

Other Expense

80001 - Unrealized Gain/Loss 8,305 (1,848) (21,269) (110,867) 308 (125,372)

80002 - Rounding Gain/Loss 0 0 0 (0) 0 (0)

80005 - Realized Gain/Loss on FX 0 0 0 7,501 0 7,501

OTHERPL - Other Non-Op Inc_Exp

67600 - Interest Income (122,165) 0 0 (119) 0 (122,284)

82001 - Restructuring Expenses 615,803 0 325 6,627 0 622,755 Detail belowTotal - OTHERPL - Other Non-Op Inc_Exp 493,638 0 325 6,508 0 500,471

Total - Other Expense 501,942 (1,848) (20,944) (96,858) 308 382,600

Total Other Expense (Income) 501,942 (1,848) (20,944) (96,858) 308 382,600

Net Income (Loss) (140,191) 1,848 20,791 (647,388) 40,175 (724,765)

Restructuring Expenses:Berkeley Research Group 104,416.00Cole Schotz 147,589.13Cooley Godward Kronsih LLP 123,220.77Gavin/Solmonese, LLC 79,816.65Whiteford Taylor & Preston 101,081.19Hogan Lovells US LLP 12,734.43DWF LLP 6,627.01Office of the U.S. Trustee 47,269.46Total 622,754.64


Videology, Inc. Pre-petition amounts are in Bold

Balance Sheet

4/30/2019

Case 18-11120

All Amounts in USD

Financial Row 100 VID Inc 110 Collider 115 Lucid 130 VMT LLCConsolidated

Videology, Inc. 200 VID LTD UK 202 FR Branch 203 ES BranchConsolidated

Videology Limited

Amount Amount Amount Amount Amount Amount Amount Amount Amount

ASSETS

Current AssetsBank

10101 - VID US Operating - SVB #5920 (sweep 0579) $108,993 $0 $0 $0 $108,993 $0 $0 $0 $0

10200 - VID LTD Operating - HSBC - GBP #0046 $0 $0 $0 $0 $0 $18,786 $0 $0 $18,786

10211 - VID SP Operating - Santander - EURO #8387 $0 $0 $0 $0 $0 $0 $0 $2,454 $2,454

10302 - VID UK - HSBC Operating for France - Euro $0 $0 $0 $0 $0 $0 $0 $0 $0

10323 - VID INC - WF Securities - USD #3169 $63,277,716 $0 $0 $0 $63,277,716 $0 $0 $0 $0

10351 - Vid US - WF USD Operating #6139 $2,056,383 $0 $0 $0 $2,056,383 $0 $0 $0 $0

10366 - Vid US - WF - CAD Operating #6715 $23,548 $0 $0 $0 $23,548 $0 $0 $0 $0

10370 - VMT LLC - WF - USD Operating #6295 $0 $0 $0 ($10,081) ($10,081) $0 $0 $0 $0

10380 - Vid Ltd - WF - GBP Depository #1614 $0 $0 $0 $0 $0 $6 $0 $0 $6

10382 - Vid Ltd - WF - GBP Disbursements #1615 $0 $0 $0 $0 $0 $534,244 $0 $0 $534,244

10385 - Vid Ltd - WF - EUR Depository #1616 $0 $0 $0 $0 $0 $1,184 $0 $0 $1,184

10387 - Vid Ltd - WF - EUR Disbursements #1617 $0 $0 $0 $0 $0 $371,359 $0 $0 $371,359

10388 - Vid Ltd - WF - USD #2817 $0 $0 $0 $0 $0 $13,166 $0 $0 $13,166

10499 - Manual PR Clearing ($27,433) $0 $0 $0 ($27,433) $0 $0 $0 $0

10505 - VID INC - Utility - USD account #9186 $17,217 $0 $0 $0 $17,217 $0 $0 $0 $0

10999 - Undeposited Funds $0 $0 $0 $0 $0 $0 $0 $0 $0

Total Bank $65,456,424 $0 $0 ($10,081) $65,446,343 $938,745 $0 $2,454 $941,199

Accounts Receivable11000 - A/R Trade $0 $0 $0 $0 $0 $2,917,478 $0 $0 $2,917,478

11001 - Unbilled A/R $8,442 $0 $0 $0 $8,442 ($90,043) $0 $0 ($90,043)

11003 - Unbilled A/R TV $422 $0 $0 $0 $422 $0 $0 $0 $0

11300 - Allowance for Invoice Adjustments $20,282 $0 $0 $0 $20,282 ($175,196) $0 $0 ($175,196)

11350 - Allowance for Uncollectable Accounts $0 $0 $0 $0 $0 ($90,390) $0 $0 ($90,390)

Total Accounts Receivable $29,147 $0 $0 $0 $29,147 $2,561,849 $0 $0 $2,561,849

Intercompany Accounts11998 - Post-Petition Due from Intercompany $188,281 $0 $0 $2,142,438 $2,330,720 $16,554,774 $0 $176,917 $16,731,691

21998 - Post-Petition Due to Intercompany ($18,443,667) $0 $0 ($1,974,137) ($20,417,805) $1,751,865 $0 ($203,685) $1,548,180

P11999 - Pre-Petition Due from Intercompany $33,677,698 $5,102,538 $11,511 $49,109,055 $87,900,802 $35,392,159 $0 $354,258 $35,746,417

P21999 - Pre-Petition Due to Intercompany ($78,999,851) ($368,148) ($4,900,103) ($5,133,164) ($89,401,265) ($22,156,687) $0 ($291,215) ($22,447,901)

Total Intercompany Accounts ($63,577,539) $4,734,390 ($4,888,591) $44,144,192 ($19,587,548) $31,542,112 $0 $36,276 $31,578,388

Total Current Assets $1,908,032 $4,734,390 ($4,888,591) $44,134,111 $45,887,942 $35,042,706 $0 $38,730 $35,081,436

Fixed AssetsFXDASSTS - Fixed Assets

FACOST - Fixed Assets at Cost14099 - Construction in Progress $0 $0 $0 $0 $0 $9,974 ($1,271) $0 $8,703

Total - FACOST - Fixed Assets at Cost $0 $0 $0 $0 $0 $9,974 ($1,271) $0 $8,703

ACCDEPR - Accum Deprec14510 - Computers & Equipment: Accum Deprec $0 $0 ($0) $0 ($0) $0 $0 $0 $0

Total - ACCDEPR - Accum Deprec $0 $0 ($0) $0 ($0) $0 $0 $0 $0

Total - FXDASSTS - Fixed Assets $0 $0 ($0) $0 ($0) $9,974 ($1,271) $0 $8,703

Total Fixed Assets $0 $0 ($0) $0 ($0) $9,974 ($1,271) $0 $8,703

Investments18000 - Investment in Sub $4,540,323 $0 $0 $0 $4,540,323 $0 $0 $0 $0

18001 - Investment in Collider Media $13,659,853 $0 $0 $0 $13,659,853 $0 $0 $0 $0

18002 - Investment in Lucid Media $4,913,634 $0 $0 $0 $4,913,634 $0 $0 $0 $0

18003 - Investment in VID Asia PTE Ltd $0 $0 $0 $0 $0 $81,610 $0 $0 $81,610

Total Investments $23,113,810 $0 $0 $0 $23,113,810 $81,611 $0 $0 $81,611

Other AssetsDeposits and Prepayments

13025 - Deposit - other asset $185,762 $0 $0 $0 $185,762 $194,613 $0 $8,966 $203,579

Total Deposits and Prepayments $185,762 $0 $0 $0 $185,762 $194,613 $0 $8,966 $203,579

Total Other Assets $185,762 $0 $0 $0 $185,762 $194,613 $0 $8,966 $203,579Total ASSETS $25,207,604 $4,734,390 ($4,888,592) $44,134,111 $69,187,514 $35,328,904 ($1,271) $47,695 $35,375,328LIABILITIES & EQUITY

LiabilitiesCurrent Liabilities

Accounts Payable

P20000 - Pre-Petition Accounts Payable $8,105,250 $0 $0 $13,285,017 $21,390,267 $22,581,437 $0 $12,831 $22,594,268

20300 - Post-Petition Accounts Payable $2,624,336 $0 $0 ($103,258) $2,521,078 $171,632 $0 $214 $171,846

P20001 - Pre-Petition A/P Other $0 $0 $0 $0 $0 ($122,037) $0 $0 ($122,037)

20301 - Post-Petition A/P Other ($412,444) $0 $0 $0 ($412,444) $1,082 $0 $0 $1,082

Total Accounts Payable $10,317,142 $0 $0 $13,181,759 $23,498,901 $22,632,114 $0 $13,045 $22,645,159

Accrued Liabilities20302 - Post-Petition AHC Fees - Accrue $0 $0 $0 $0 $0 $856,328 $0 $0 $856,328

21365 - Post-Petition Accrued Publisher Costs $707 $0 $0 ($27,905) ($27,197) $22 $0 $0 $22

21366 - Post-Petition Accrued Publisher Costs TV ($3,551) $0 $0 $0 ($3,551) $0 $0 $0 $0

21374 - Post-Petition Accrued Data Costs $6,903 $0 $0 $0 $6,903 $0 $0 $0 $0

21401 - Post-Petition Accrued Wages ($1) $0 $0 $0 ($1) $0 $0 $0 $0

21470 - Post-Petition Accrued Benefits $8,869 $0 $0 $0 $8,869 $0 $0 $0 $0

P20002 - Pre-Petition AHC Fees - Accrued $2,413,562 $0 $0 $0 $2,413,562 $17,184,847 $0 $0 $17,184,847

P21065 - Pre-Petition Accrued Publisher Costs ($78,064) $0 $0 ($50,601) ($128,665) $0 $0 $0 $0

P21070 - Pre-Petition Accrued Other $55,248 $0 $0 $0 $55,248 $0 $0 $0 $0

P21073 - Pre-Petition Accrued Ancillary Campaign Costs $721,719 $0 $0 $23,391 $745,110 $46,372 $0 $0 $46,372

P21074 - Pre-Petition Accrued Data Costs $477,631 $0 $0 $293,547 $771,178 $209,192 $0 $0 $209,192

P21076 - Pre-Petition Accrued Hosting Fees $49,051 $0 $0 $0 $49,051 $0 $0 $0 $0

P21080 - Pre-Petition Publisher Rebate Pass Through $0 $0 $0 $0 $0 $503,359 $0 $0 $503,359

P21101 - Pre-Petition Accrued Wages $145,759 $0 $0 $0 $145,759 $6,907 $0 $0 $6,907

P21104 - Pre-Petition Accrued Payroll Taxes $10,203 $0 $0 $0 $10,203 $0 $0 $0 $0

P21105 - Pre-Petition Accrued Expat Taxes $159,663 $0 $0 $0 $159,663 $0 $0 $0 $0

P21106 - Pre-Petition Accrued Expat Taxes - Host Country $1,907 $0 $0 $0 $1,907 $0 $0 $0 $0

P21107 - Pre-Petition Accrued Taxes $0 $0 $0 $0 $0 $0 $0 $3,074 $3,074

Total Accrued Liabilities $3,969,606 $0 $0 $238,432 $4,208,038 $18,807,027 $0 $3,074 $18,810,101


VAT Payable, Net13105 - VAT on Purchases SP $0 $0 $0 $0 $0 $0 $0 ($14,090) ($14,090)

13403 - Post-Petition VAT on Purchases UK $0 $0 $0 $0 $0 ($1,145,188) $0 $0 ($1,145,188)

23310 - Post-Petition VAT Liability - United Kingdom $0 $0 $0 $0 $0 ($487) $0 $0 ($487)

P13103 - Pre-Petition VAT on Purchases UK $0 $0 $0 $0 $0 ($3,381,533) $0 $0 ($3,381,533)

P23010 - Pre-Petition VAT Liability - United Kingdom $0 $0 $0 $0 $0 $4,093,753 $0 $0 $4,093,753

Total VAT Payable, Net $0 $0 $0 $0 $0 ($433,455) $0 ($14,090) ($447,544)

Total Current Liabilities $14,286,748 $0 $0 $13,420,191 $27,706,939 $41,005,686 $0 $2,029 $41,007,715

Long Term LilabilitiesDebt

P25030 - Pre-Petition Debt - Long-term - Convertible Notes $17,713,695 $0 $0 $0 $17,713,695 $0 $0 $0 $0

Total Debt $17,713,695 $0 $0 $0 $17,713,695 $0 $0 $0 $0

Other Long Term LiabilitiesP25100 - Pre-Petition Other LT Payables $3,028,412 $0 $0 $0 $3,028,412 $0 $0 $0 $0

Total Other Long Term Liabilities $3,028,412 $0 $0 $0 $3,028,412 $0 $0 $0 $0

Total Long Term Liabilities $20,742,108 $0 $0 $0 $20,742,108 $0 $0 $0 $0

Total Liabilities $35,028,856 $0 $0 $13,420,191 $48,449,046 $41,005,686 $0 $2,029 $41,007,715

Stockholders' EquityCapital Stock

33001 - Equity by Parent Company $3 $13,659,853 $4,913,634 $0 $18,573,489 $4,443,696 $0 $0 $4,443,696

Total Capital Stock $3 $13,659,853 $4,913,634 $0 $18,573,489 $4,443,696 $0 $0 $4,443,696

Preferred Stock30000 - Preferred Stock - Series A $1,583 $0 $0 $0 $1,583 $0 $0 $0 $0

30001 - APIC - Preferred Stock - Series A $10,794,947 $0 $0 $0 $10,794,947 $0 $0 $0 $0

30010 - Preferred Stock - Series B $1,528 $0 $0 $0 $1,528 $0 $0 $0 $0

30011 - APIC - Preferred Stock - Series B $10,236,595 $0 $0 $0 $10,236,595 $0 $0 $0 $0

30020 - Preferred Stock - Series C $2,675 $0 $0 $0 $2,675 $0 $0 $0 $0

30021 - APIC - Preferred Stock - Series C $34,517,275 $0 $0 $0 $34,517,275 $0 $0 $0 $0

30030 - Preferred Stock - Series X $121 $0 $0 $0 $121 $0 $0 $0 $0

30031 - APIC - Preferred Stock - Series X $5,035,966 $0 $0 $0 $5,035,966 $0 $0 $0 $0

30040 - Preferred Stock - Series Y $86 $0 $0 $0 $86 $0 $0 $0 $0

30041 - APIC - Preferred Stock - Series Y $3,413,555 $0 $0 $0 $3,413,555 $0 $0 $0 $0

30050 - Preferred Stock - Series D $2,219 $0 $0 $0 $2,219 $0 $0 $0 $0

30051 - APIC - Preferred Stock - Series D $35,156,504 $0 $0 $0 $35,156,504 $0 $0 $0 $0

30070 - Preferred Stock - Series 1-AB $1,427 $0 $0 $0 $1,427 $0 $0 $0 $0

30071 - APIC - Preferred Stock - Series 1-AB $9,913,172 $0 $0 $0 $9,913,172 $0 $0 $0 $0

30080 - Preferred Stock - Series 1-C $30 $0 $0 $0 $30 $0 $0 $0 $0

30081 - APIC - Preferred Stock - Series 1-C $449,940 $0 $0 $0 $449,940 $0 $0 $0 $0

30090 - Preferred Stock - Series 1-D $2,048 $0 $0 $0 $2,048 $0 $0 $0 $0

30091 - APIC - Preferred Stock - Series 1-D $32,771,920 $0 $0 $0 $32,771,920 $0 $0 $0 $0

30100 - Preferred Stock - Series 1-XY $101 $0 $0 $0 $101 $0 $0 $0 $0

30101 - APIC - Preferred Stock - Series 1-XY $6,699,864 $0 $0 $0 $6,699,864 $0 $0 $0 $0

32000 - APIC - Warrants $11,343,839 $0 $0 $0 $11,343,839 $0 $0 $0 $0

Total Preferred Stock $160,345,396 $0 $0 $0 $160,345,396 $0 $0 $0 $0

Common Stock31001 - Common Stock Par - Class A $262 $0 $0 $0 $262 $0 $0 $0 $0

31002 - Common Stock Par - Class B $3,924 $0 $0 $0 $3,924 $0 $0 $0 $0

31003 - Common Stock Par - Class C ($0) $0 $0 $0 ($0) $0 $0 $0 $0

31100 - APIC - Common Stock ($4,939,079) $0 $0 $0 ($4,939,079) $0 $0 $0 $0

31110 - APIC - Common Stock - Class B $800,271 $0 $0 $0 $800,271 $0 $0 $0 $0

32001 - APIC - Stock Options $25,385,353 $0 $0 $0 $25,385,353 $2,642 $0 $0 $2,642

Total Common Stock $21,250,731 $0 $0 $0 $21,250,731 $2,642 $0 $0 $2,642

Other Equity39999 - Retained Earnings from LLC ($56,943) $0 $0 $0 ($56,943) $0 $0 $0 $0

34001 Cumulative Translation Adjustment $0 $0 $0 $0 $0 ($0) $0 $0 ($0)

Cumulative Translation Adjustment $0 $0 $0 $0 $0 $2,038,270 ($6,251) ($15,300) $2,016,719

Retained Earnings

Net Income (Balance Forward to Beginning of Year) ($189,382,991) ($8,919,603) ($9,802,226) $30,760,230 ($177,344,590) ($11,001,644) $4,980 $31,886 ($10,964,777)

Net Income ($1,977,447) ($5,859) $0 ($46,310) ($2,029,616) ($1,159,747) $0 $29,080 ($1,130,667)

Total Stockholders' Equity ($9,821,252) $4,734,390 ($4,888,592) $30,713,921 $20,738,468 ($5,676,783) ($1,271) $45,666 ($5,632,387)Total LIABILITIES & EQUITY $25,207,604 $4,734,390 ($4,888,592) $44,134,111 $69,187,514 $35,328,904 ($1,271) $47,695 $35,375,328Balance Sheet Check $0 $0 $0 $0 $0 ($0) ($0) ($0) ($0)


US (USD) Beginning Tax Liability Amount Withheld or Accrued Amount Paid Date Paid Check No. or EFT Ending Tax Liability FederalWithholding - 12,345.62 12,345.62 4/15, 4/30 - FICA - EE - 3,717.94 3,717.94 4/15, 4/30 - FICA - ER - 3,717.94 3,717.94 4/15, 4/30 - Unemployment - 0.03 0.03 4/15, 4/30 - Income - - - - Other - - - - Total Federal Taxes - 19,781.53 19,781.53 - State and Local - Withholding - 3,238.82 3,238.82 4/15, 4/30 - Sales - - - - Excise - - - - Unemployment - 0.06 0.06 4/15, 4/30 - Real Property - - - - Personal Property - - - - Other 1,070.31 - - 1,070.31 Total State and Local Taxes 1,070.31 3,238.88 3,238.88 1,070.31 Total Taxes 1,070.31 23,020.41 23,020.41 1,070.31


VG Liquidation Inc., et al.Status of Debts

February 2019Case 18-11120

* Please see Statement of Operations for Summary of Post Petition Debts


VG Liquidation Inc.Row Labels Sum of Current Sum of 3/31/2019 - 4/29/2019 (30) Sum of 3/1/2019 - 3/30/2019 (60) Sum of 1/30/2019 - 2/28/2019 (90) Sum of Before 1/30/2019 (>90) Sum of Total

AdapTV -$ -$ -$ -$ (151,850.20)$ (151,850.20)$ Agnes Messer 725.00$ -$ -$ -$ -$ 725.00$ Berkel -$ -$ -$ -$ 769,604.85$ 769,604.85$ Cole Schotz PC -$ -$ -$ -$ 679,607.49$ 679,607.49$ Cooley Godward Kronsih LLP -$ -$ -$ -$ 738,230.89$ 738,230.89$ Gavin/Solmonese, LLC -$ -$ -$ -$ 229,573.42$ 229,573.42$ Hogan Lovells US LLP -$ -$ -$ -$ 108,266.60$ 108,266.60$ Office of the U.S. Trustee (100) -$ 19,890.46$ -$ -$ -$ 19,890.46$ Omni Management Group -$ -$ -$ -$ 3,780.30$ 3,780.30$ PriceWaterhouseCoopers LLP -$ -$ -$ -$ 32,048.23$ 32,048.23$ State of Connecticut -$ 4,000.00$ -$ -$ -$ 4,000.00$ Tradr -$ -$ -$ -$ -$ -$ Whiteford Taylor & Preston -$ -$ -$ -$ 190,459.14$ 190,459.14$ Grand Total 725.00$ 23,890.46$ -$ -$ 2,599,720.72$ 2,624,336.18$

VG MT Liquidation LLC.Row Labels Sum of Current Sum of 3/31/2019 - 4/29/2019 (30) Sum of 3/1/2019 - 3/30/2019 (60) Sum of 1/30/2019 - 2/28/2019 (90) Sum of Before 1/30/2019 (>90) Sum of Total

Ad Karma -$ -$ -$ -$ (43,166.21)$ (43,166.21)$ AOL Video - MSN -$ -$ -$ -$ (50,366.56)$ (50,366.56)$ Dashbid Media Inc. -$ -$ -$ -$ (10,000.00)$ (10,000.00)$ LKQD Media -$ -$ -$ -$ (50.45)$ (50.45)$ Office of the U.S. Trustee -$ 325.00$ -$ -$ -$ 325.00$ Rubicon Exchange - US -$ -$ -$ -$ -$ -$ Vdopia -$ -$ -$ -$ -$ -$ Grand Total -$ 325.00$ -$ -$ (103,583.22)$ (103,258.22)$

VG Liquidation LTDRow Labels Sum of Current Sum of 3/31/2019 - 4/29/2019 (30) Sum of 3/1/2019 - 3/30/2019 (60) Sum of 1/30/2019 - 2/28/2019 (90) Sum of Before 1/30/2019 (>90) Sum of Total

DWF LLP -$ -$ -$ -$ 171,632.38$ 171,632.38$ Grand Total -$ -$ -$ -$ 171,632.38$ 171,632.38$

Videology SpainRow Labels Sum of Current Sum of 3/31/2019 - 4/29/2019 (30) Sum of 3/1/2019 - 3/30/2019 (60) Sum of 1/30/2019 - 2/28/2019 (90) Sum of Before 1/30/2019 (>90) Sum of Total

Laudis Consultor 213.58$ -$ -$ -$ -$ 213.58$ Grand Total 213.58$ -$ -$ -$ -$ 213.58$


VG Liquidation Inc. et al4/30/2019

AR Rollfoward:

Billed AR balance 03/31/19 3,250,351.62 0.01 - - - 3,250,351.61 Amounts invoiced - - - - - - Currency Reval - 16,708.53 Credit Memo - - Collections (349,581.88) - - - (349,581.88) Other non-cash AR adjustments** - - - Billed AR balance 04/30/19 2,917,478.27 0.01 - - - 2,917,478.26 Unbilled AR (81,178.45) $8,864 - - - ($90,043)Allowance for Invoice Adjustments (154,914.01) $20,282 - - - ($175,196)Allowance for Uncollectable Accounts (90,390.25) $0 - - - ($90,390)A/R Other - $0 - - - - Total AR balance 04/30/19 2,590,995.55 29,146.56 - - - 2,561,848.99

AR Aging:0-30 Days old (50,539.00) - (50,539.00) 31-60 Days old - - - 61-90 Days old - - - 91+ Days old 2,967,993.36 - 2,967,993.36 Total AR 2,917,454.36 - - - - 2,917,454.36 Unbilled AR (81,178.45) $8,864 - - - ($90,043)Allowance for Invoice Adjustments (154,914.01) $20,282 - - - ($175,196)Allowance for Uncollectable Accounts (90,390.25) $0 - - - ($90,390)A/R Other - $0 - - - $0AR (net) 2,590,971.65 29,146.55 - - - 2,561,825.10

** Other Non-cash AR adjustments due mainly to GroupM.

Debtor Questionnaire:

YES NO YES NO YES NO YES NO YES NO1) Have any Assets been sold or transferred outside normal course X X X X X

of business this reporting period

2) Have any fuunds been disbursed from any account other than a X X X X Xdebtor in possesion account this reporting period?

3) Have all post petition tax returns been filed timely X X X X X

4) Are worker compenastion, general liability, and other necessary X X X X Xinsurance covereages in effect?

5) Has any bank account been open during the period? x X X X XIf yes provide documentation identifying the opened accounts.

Consolidated VG MT LiquidationVG Liquidation Inc. Collider Lucid VG Liquidation LTD


scan0017Videology MOR 4-30-19Tab 1 - Cash Summary USDTab 1a - Cash Rec Disb USDTab 1b - Cash Rec Disb LCTab -2 Bank ReconciliationTab - 3 prof feesTab 4a - 6121Tab 4b - 6139Tab 4c - 6147Tab 4d - 6707Tab 4e - 6715Tab 4f - 9186Tab 4h -6295Tab 4i 2817Tab 4j -1616Tab 4k -1617Tab 4l - 1614Tab 4m -1615Tab - 4o 0046Tab 4p - 5920Tab 4q -8387Tab 5 - Statement of OperationsTab 6 - Balance sheetTab 7 - status of taxesTab 7a - Status of debtsTab 7b - AP agingTab -8 AR RF-Debtor Q

Case 18-11120-BLS Doc 1022 Filed 05/29/19 Page 1 of 39Case 18-11120-BLS Doc 1022 Filed 05/29/19 Page 1 of 39 VG Liquidation Inc. Cash Receipts and Disbursements April 2019 Case 18-11120

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