Case 18-30197 Document 946 Filed in TXSB on 03/20/19 Page 1 of 11 UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF TEXAS HOUSTON DIVISION PETITION DATE: January 18, 2018 MONTHLY OPERATING REPORT SUMMARY FOR MONTH OCTOBER [1] YEAR 2018 MONTH Jan 25 - Feb 28, 2018 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 REVENUES (MOR-6) 662,440 1,081,194 512,251 498,374 493,721 472,045 389,615 - - INCOME BEFORE INT; DEPREC./TAX (MOR-6) 531,696 1,027,509 472,054 445,369 456,813 451,158 355,423 (446) (2,738) NET INCOME (LOSS) (MOR-6) 202,206 857,918 282,350 259,414 273,135 271,741 351,503 (23,664,417) (2,738) PAYMENTS TO INSIDERS (MOR-9) - - - - - - - - - PAYMENTS TO PROFESSIONALS (MOR-9) - - - - - - - - - TOTAL DISBURSEMENTS (MOR-7) 585,918 391,231 1,028,406 156,394 6,619 269,854 3,690 300,219 1,311,664 REQUIRED INSURANCE MAINTAINED Are all accounts receivable being collected within terms? Yes No AS OF SIGNATURE DATE EXP. Are all post-petition liabilities, including taxes, being paid within terms? Yes No DATE Have any pre-petition liabilities been paid? Yes No CASUALTY YES ( ) NO ( ) 1-Dec-2018 If so, describe LIABILITY YES ( ) NO ( ) 1-Dec-2018 Are all funds received being deposited into DIP bank accounts? Yes No VEHICLE YES ( ) NO ( ) 1-Dec-2018 Were any assets disposed of outside the normal course of business? Yes No WORKER'S YES ( ) NO ( ) 1-Dec-2018 If so, describe OTHER YES ( ) NO ( ) 1-Dec-2018 Are all U.S. Trustee Quarterly Fee Payments current? Yes No What is the status of your Plan of Reorganization? Plan confirmed on 2/6/19 CIRCLE ONE ATTORNEY NAME: Jason S. Brookner I certify under penalty of perjury that the following complete FIRM NAME: Gray Reed & McGraw Monthly Operating Report (MOR), consisting of MOR-1 through ADDRESS: 1300 Post Oak Blvd. MOR-9 plus attachments, is true and correct. Suite 2000 CITY, STATE, ZIP: Houston, TX 77056 SIGNED X TITLE: CRO TELEPHONE/FAX: 713.986.7000/ 713.986.7100 (ORIGINAL SIGNATURE) Mark Shapiro (PRINT NAME OF SIGNATORY) March 20, 2019 DATE MOR-1
Case 18-30197 Document 946 Filed in TXSB on 03/20/19 Page 2 of 11 General: Notes to the Monthly Operating Report - October 1 - October 31, 2018 On January 18, 2018 (the "Petition Date"), Lockwood Holdings, Inc. ("Holdings") filed a voluntary petition with the United States Bankruptcy Court under Chapter 11 of the Bankruptcy Code [Case No. 18-30197], along with two other debtors: LH Aviation, LLC [Case No. 18-30198] and Piping Components, Inc. [Case No. 18-30199]. In addition, four other related entities filed their voluntary petition on January 24, 2018: Lockwood International [Case no. 18-30268], Lockwood Enterprises [Case No. 18-30269], 7807 Eagle Lane, LLC [Case No. 18-30271], and LMG Manufacturing [Case No. 18-30270]. Debtor-in-Possession Financial Statements - The accompanying schedules MOR-1 through MOR-9 herein are unaudited, preliminary, and may not comply with generally accepted accounting principles in the United States of America ("U.S. GAAP") in all material respects. The Monthly Operating Report is limited in scope, covers a limited time period, and has been prepared solely for the purpose of complying with the monthly reporting requirements of the Bankruptcy Court and the United States Trustee. The unaudited financial statements have been derived from the books and records of the Debtors. The information presented herein has not been subjected to all procedures that would typically be applied to financial information presented in accordance with U.S. GAAP. Upon the application of such procedures, the financial information could be subject to changes, and these changes could be material. The information furnished in this Monthly Operating Report includes normal recurring adjustments, but does not include all of the adjustments that would typically be made for interim financial statements in accordance with U.S. GAAP. Reservation of Rights: Given the complexity of the Debtors business, inadvertent errors, omissions or over inclusions may have occurred. Accordingly, the Debtors hereby reserve all of their rights to dispute the validity, status, enforceability, or executory nature of any claim amount, representation or other statement in this Monthly Operating Report and reserve the right to amend or supplement this Monthly Operating Report, if necessary, but shall be under no obligation to do so.
Case 18-30197 Document 946 Filed in TXSB on 03/20/19 Page 3 of 11 COMPARATIVE BALANCE SHEETS [1] ASSETS FILING DATE [2] MONTH MONTH MONTH MONTH MONTH MONTH MONTH MONTH MONTH 01/18/18 02/28/18 03/31/18 04/30/18 05/31/18 06/30/18 07/31/18 08/31/18 09/30/18 10/31/18 CURRENT ASSETS Cash $ 670 $ 719,471 $ 850,497 $ 229,136 $ 285,754 $ 295,529 $ 410,260 $ 15,523,597 $ 22,496,872 $ 24,253,973 Accounts Receivable, Net - - - - - - - - - - Intercompany Receivable 9,316,949 10,456,629 11,445,066 11,368,513 11,694,102 12,600,613 12,858,195 13,080,449 648,063 647,567 Inventory: Lower of Cost or Market - - - - - - - - - - Prepaid Expenses/ Deposits 417,732 417,732 417,732 417,732 417,732 417,732 417,732 417,732 - - Investments - - - - - - - Other 47,380 47,380 47,380 47,380 47,380 47,430 47,430 47,430 - - TOTAL CURRENT ASSETS 9,782,730 11,641,211 12,760,674 12,062,761 12,444,967 13,361,304 13,733,616 29,069,207 23,144,935 24,901,540 PROPERTY, PLANT & EQUIP. @ COST 48,289,004 47,421,574 47,346,660 47,346,660 47,346,660 47,346,660 47,346,660 47,346,660 9,568,343 9,568,343 Less Accumulated Depreciation 11,100,000 11,418,467 11,538,604 11,721,710 11,903,745 12,083,503 12,259,001 12,259,001 2,170,376 2,170,376 NET BOOK VALUE OF PP&E 37,189,005 36,003,107 35,808,056 35,624,950 35,442,915 35,263,157 35,087,659 35,087,659 7,397,967 7,397,967 OTHER ASSETS 1. Loan Cost 186,687 178,848 174,928 171,009 167,089 163,169 159,249 155,330 - - 2. Investments in Subsidiaries - - - - - - - - - - 3. Electric Deposit - - - - - - - - - - 4. Other - - - - - - - - - - TOTAL ASSETS $ 47,158,422 $ 47,823,166 $ 48,743,659 $ 47,858,719 $ 48,054,971 $ 48,787,629 $ 48,980,525 $ 64,312,196 $ 30,542,902 $ 32,299,508 [2] This balance sheet is as of 1/24/18 even though the petition date was 1/18/18 due to Court allowing related entities to consolidate, per agreement with US Trustee. MOR-2
Case 18-30197 Document 946 Filed in TXSB on 03/20/19 Page 4 of 11 COMPARATIVE BALANCE SHEETS [1] LIABILITIES & OWNER'S FILING DATE [2] MONTH MONTH MONTH MONTH MONTH MONTH MONTH MONTH MONTH EQUITY 01/18/18 02/28/18 03/31/18 04/30/18 05/31/18 06/30/18 07/31/18 08/31/18 09/30/18 10/31/18 LIABILITIES POST-PETITION LIABILITIES (MOR-4) $ 966,482 $ 1,204,601 $ 1,153,587 $ 1,182,991 $ 1,323,626 $ 1,351,873 $ 1,230,975 $ 6,499,918 $ 8,259,262 PRE-PETITION LIABILITIES Trade Payables [2] 2,703,681 2,117,893 2,038,813 1,722,266 1,722,266 1,722,266 1,722,266 1,722,266 1,722,266 1,722,266 Salaries, Wages & Benefits 164,014 164,014 164,014 164,014 164,014 176,547 176,561 176,561 176,561 176,561 Accrued Liabilities - - - - - - - - - Deferred Rent 8,082,428 7,872,573 7,767,643 7,662,715 7,557,788 7,850,658 7,743,552 7,743,552 7,483,513 7,483,513 Deferred Revenue - - - - - - - 15,101,067 - - Intercompany Payable - - - - - - - - - - Taxes Payable (184,101) (160,314) (151,850) (136,650) (124,290) (110,804) (110,804) (110,804) (123,519) (123,519) Notes Payable 25,976,951 25,976,951 25,976,951 25,266,951 25,266,951 25,266,951 25,266,951 25,266,951 25,266,951 25,266,951 Intercompany Notes Payable 8,777,924 8,777,924 8,777,924 8,777,924 8,777,924 8,777,924 8,777,924 8,777,924 8,777,924 8,777,924 Unearned Rental Income 1,057,066 1,057,066 1,057,066 1,057,066 1,057,066 1,057,066 1,057,066 1,057,066 1,057,066 1,057,066 Unrealized Gain or loss on derivative - - - - - - - - - - TOTAL PRE-PETITION LIABILITIES 46,577,964 45,806,108 45,630,562 44,514,286 44,421,720 44,740,609 44,633,517 59,734,584 44,360,762 44,360,762 TOTAL LIABILITIES 46,577,964 46,772,590 46,835,163 45,667,873 45,604,711 46,064,235 45,985,390 60,965,559 50,860,681 52,620,024 OWNER'S EQUITY (DEFICIT) Equity 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 Paid in Capital 379,306 379,306 379,306 379,306 379,306 379,306 379,306 379,306 379,306 379,306 Treasury Stock (900,000) (900,000) (900,000) (900,000) (900,000) (900,000) (900,000) (900,000) (900,000) (900,000) Retained Earnings 1,100,153 1,100,153 1,570,270 2,428,189 2,710,539 2,969,953 3,243,088 3,514,829 3,866,332 (19,798,085) Net Income - 470,118 857,918 282,350 259,414 273,135 271,741 351,503 (23,664,417) (2,738) TOTAL OWNER'S EQUITY (NET WORTH) 580,459 1,050,576 1,908,495 2,190,845 2,450,259 2,723,394 2,995,135 3,346,638 (20,317,779) (20,320,517) TOTAL LIABILITIES & OWNERS EQUITY $ 47,158,422 $ 47,823,166 $ 48,743,659 $ 47,858,719 $ 48,054,971 $ 48,787,629 $ 48,980,525 $ 64,312,196 $ 30,542,902 $ 32,299,508 MOR-3
Case 18-30197 Document 946 Filed in TXSB on 03/20/19 Page 5 of 11 MONTH MONTH MONTH MONTH MONTH MONTH MONTH MONTH MONTH Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 TRADE ACCOUNTS PAYABLE $ 144,395 $ 244,958 $ 19,279 $ 23,119 $ 154,487 $ 139,033 $ 6,424 $ 6,424 $ 6,424 TAX PAYABLE Federal Payroll Taxes - - 269 - - 18 - - - State Payroll Taxes - - - 1,639-13,263 7,770 (240) (240) Ad Valorem Taxes - - - - - - - - - Property Taxes 25,730 2,839 1,891 6,803 1,891 1,891 1,891 1,891 1,891 TOTAL TAXES PAYABLE 25,730 2,839 2,160 8,442 1,891 15,173 9,662 1,652 1,652 SECURED DEBT POST-PETITION - - - - - - - - - ACCRUED INTEREST PAYABLE - - - - - - - - - ACCRUED PROFESSIONAL FEES* 6,820 - - - - - - - - OTHER ACCRUED LIABILITIES 1. Intercompany 789,397 955,304 1,125,073 1,144,226 1,163,407 1,192,144 1,197,692 6,484,557 8,243,901 2. Salaries & Wages 139 1,501 7,075 7,205 3,840 5,523 17,198 7,285 7,285 3. TOTAL POST-PETITION LIABILITIES (MOR-3) $ 966,481 $ 1,204,601 $ 1,153,587 $ 1,182,991 $ 1,323,626 $ 1,351,873 $ 1,230,975 $ 6,499,918 $ 8,259,262 *Payment requires Court Approval SCHEDULE OF POST-PETITION LIABILITIES [1] MOR-4 Revised 07/01/98
Case 18-30197 Document 946 Filed in TXSB on 03/20/19 Page 6 of 11 AGING OF POST-PETITION LIABILITIES [1] MONTH OCTOBER 2018 DAYS TOTAL TRADE INTERCOMPANY Other PROPERTY & EQUIP. PROFESSIONAL ACCOUNTS TAXES FEES 0-30 $ 1,759,344 $ - $ 1,759,344 $ - $ - $ - 31-60 5,286,865-5,286,865 - - - 61-90 43,931 2,600 34,285 7,046 - - 91+ 1,169,122 3,824 1,163,407-1,891 - TOTAL $ 8,259,262 $ 6,424 $ 8,243,901 $ 7,046 $ 1,891 $ - AGING OF ACCOUNTS RECEIVABLE MONTH FEBRUARY Total Accounts Receivable 0-30 DAYS - - 31-60 DAYS - - 61-90 DAYS - - 91+ DAYS - - TOTAL - - - - - - MOR-5
Case 18-30197 Document 946 Filed in TXSB on 03/20/19 Page 7 of 11 STATEMENT OF INCOME (LOSS) [1] MONTH MONTH MONTH MONTH MONTH MONTH MONTH MONTH MONTH MONTH FILING TO Jan. 25 - Jan. 31, 2018 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 DATE REVENUES (MOR-1) $ 122,769 $ 539,671 $ 1,081,194 $ 512,251 $ 498,374 $ 493,721 $ 472,045 $ 389,615 $ - $ - $ 4,109,642 TOTAL COST OF REVENUES - - - - - - - - - - - GROSS PROFIT 122,769 539,671 1,081,194 512,251 498,374 493,721 472,045 389,615 - - 4,109,642 OPERATING EXPENSES: Selling & Marketing - - - - - - - - - - - General & Administrative 7,223 28,252 15,814 21,517 20,902 21,533 14,985 45,572 446 2,738 178,982 Insiders Compensation - - - - - - - - - - Professional Fees 1,459 6,711 - (10,195) - - - - - - (2,026) Monthly Management Fee - - - - - - - - - - - Rent Expense 14,051 38,671 27,345 28,875 28,868 13,886 5,902 (15,360) - - 142,238 Taxes 34,247 131 10,527-3,237 1,489-3,980 - - 53,610 TOTAL OPERATING EXPENSES 56,980 73,765 53,685 40,197 53,006 36,908 20,888 34,193 446 2,738 372,805 INCOME BEFORE INT, DEPR/TAX (MOR-1) 65,789 465,907 1,027,509 472,054 445,369 456,813 451,158 355,423 (446) (2,738) 3,736,837 INTEREST EXPENSE - - - - - - - - - - - DEPRECIATION 45,142 197,707 188,604 187,026 185,955 183,678 179,417 3,920 - - 1,171,448 OTHER (INCOME) EXPENSE [2] - 87,713 (18,662) (5) - - - (0) 23,663,971-23,733,018 OTHER ITEMS - (1,072) (352) 2,682 - - - - - - 1,258 TOTAL INT, DEPR & OTHER ITEMS 45,142 284,348 169,591 189,704 185,955 183,678 179,417 3,920 23,663,971-24,905,724 NET INCOME BEFORE TAXES 20,647 181,559 857,918 282,350 259,414 273,135 271,741 351,503 (23,664,417) (2,738) (21,168,887) FEDERAL INCOME TAXES - - - - - - - - - - - NET INCOME (LOSS) (MOR-1) $ 20,647 $ 181,559 $ 857,918 $ 282,350 $ 259,414 $ 273,135 $ 271,741 $ 351,503 $ (23,664,417) $ (2,738) $ (21,168,887) [2] On June 29, 2018, the Jointly Administered Debtors filed a motion seeking to establish bid procedures, Bankruptcy Court approval of the sale of certain assets, and authority to assume and assign certain contracts [ECF No. 483] (the Sale and Bid Procedures Motion ). After notice and a hearing, the Court entered its order establishing bid procedures, scheduling an auction, authorizing a sale free and clear of liens, claims and encumbrances and related relief on July 17, 2018 [ECF No. 513] (the Bid Procedures Order ). Pursuant to the terms of the Bid Procedures Order, an auction was conducted by the Jointly Administered Debtors on August 15, 2018. As a result of the auction, the following orders were entered approving the sale of substantially all of the Jointly Administered Debtors' assets to specified parties. All of the sales were closed by mid-october 2018. The sale orders are as follows: (1) ECF No. 662, Rotterdam Assets, (2) ECF No. 664, Edmonton Real Property and Equipment, (3) ECF No. 665, Sarnia Real Property, (4) ECF No. 666, US Operations and Singapore and (5) ECF No. 706, Canadian Inventory. MOR-6
Case 18-30197 Document 946 Filed in TXSB on 03/20/19 Page 8 of 11 CASH RECEIPTS AND MONTH MONTH MONTH MONTH MONTH MONTH MONTH MONTH MONTH FILING TO Jan 25 - Feb 28, DISBURSEMENTS [1] 3/31/2018 4/30/2018 5/31/2018 6/30/2018 7/31/2018 8/31/2018 9/30/2018 10/31/2018 2018 DATE 1. CASH-BEGINNING OF MONTH $ 1,742 $ 719,471 $ 850,497 $ 229,136 $ 285,753 $ 295,529 $ 410,260 $ 15,523,597 $ 22,496,872 $ 1,742 RECEIPTS: 2. Property Tax Credit (2016) - - - 3,847 - - - - - 3,847 3. CELL TOWER PAYMENT 500 500 - - - 500 - - - 1,500 4. FUNDING FOR PROPERTY TAXES/PAYROLL 578,350 384,060 352,865 192,769-367,690 - - - 1,875,734 5. SALE OF ASSETS [2] 708,402 121,302 10,000 - - - 15,101,667 7,273,493 3,068,015 26,282,879 6. SUBLEASE 16,395 16,395 44,181 16,395 16,395 16,395 15,360-750 142,266 TOTAL RECEIPTS** 1,303,647 522,257 407,046 213,011 16,395 384,585 15,117,027 7,273,493 3,068,765 28,306,226 (Withdrawal) Contribution by Individual Debtor MFR-2* DISBURSEMENTS: 7. NET PAYROLL - - - - - - - - - - 8. PAYROLL TAXES PAID - - - - - - - - - - 9. SALES, USE & OTHER TAXES PAID 585,787 127,043 12,421 684 4,911-460 - - 731,307 10. SECURED/RENTAL/LEASES - 260,241 1,010,395 150,190-264,613 - - - 1,685,439 11. UTILITIES & TELEPHONE - 3,771 - - - - - - - 3,771 12. INSURANCE - - - - - - - - - - 13. INVENTORY PURCHASES - - - - - - - - - - 14. VEHICLE EXPENSES - - - - - - - - - - 15. TRAVEL & ENTERTAINMENT - - - - - 80 80 - - 160 16. FRANK LOCKWOOD FOUNDATION - - - - 50 - - - - 50 17. INTERCOMPANY TRANSFER - - 5,148 5,300 1,500 5,000 3,000 300,000-319,948 18. CLIENT ANALYSIS CHARGE 131 177 442 220 158 161 150 219 2,738 4,396 TOTAL DISBURSEMENTS FROM OPERATIONS 585,918 391,231 1,028,406 156,394 6,619 269,854 3,690 300,219 2,738 2,745,070 19. PROFESSIONAL FEES - - - - - - - - - - 20. U.S. TRUSTEE FEES - - - - - - - - - - 21. OTHER REORGANIZATION EXPENSES (attach list) - - - - - - - - 1,308,926 1,308,926 TOTAL DISBURSEMENTS** 585,918 391,231 1,028,406 156,394 6,619 269,854 3,690 300,219 1,311,664 4,053,996 22. NET CASH FLOW 717,728 131,026 (621,361) 56,617 9,776 114,731 15,113,336 6,973,275 1,757,101 24,252,230 23. CASH - END OF MONTH (MOR-2) $ 719,471 $ 850,497 $ 229,136 $ 285,753 $ 295,529 $ 410,260 $ 15,523,597 $ 22,496,872 $ 24,253,973 $ 24,253,973 [2] On June 29, 2018, the Jointly Administered Debtors filed a motion seeking to establish bid procedures, Bankruptcy Court approval of the sale of certain assets, and authority to assume and assign certain contracts [ECF No. 483] (the Sale and Bid Procedures Motion ). After notice and a hearing, the Court entered its order establishing bid procedures, scheduling an auction, authorizing a sale free and clear of liens, claims and encumbrances and related relief on July 17, 2018 [ECF No. 513] (the Bid Procedures Order ). Pursuant to the terms of the Bid Procedures Order, an auction was conducted by the Jointly Administered Debtors on August 15, 2018. As a result of the auction, the following orders were entered approving the sale of substantially all of the Jointly Administered Debtors' assets to specified parties. All of the sales were closed by mid-october 2018. The sale orders are as follows: (1) ECF No. 662, Rotterdam Assets, (2) ECF No. 664, Edmonton Real Property and Equipment, (3) ECF No. 665, Sarnia Real Property, (4) ECF No. 666, US Operations and Singapore and (5) ECF No. 706, Canadian Inventory. MOR-7
Case 18-30197 Document 946 Filed in TXSB on 03/20/19 Page 9 of 11 ASE NAME: Lockwood Holdings, Inc. SE NUMBER: 18-30197 OTHER REORGANIZATION EXPENSES [1] MONTH MONTH MONTH MONTH MONTH MONTH MONTH MONTH MONTH MONTH Jan 25 - Feb 28, 2018 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 TOTAL Name Description Imperial Capital Transfer fees $ - $ - $ - $ - $ - $ - $ - $ - $ 764,026 $ 764,026 Summit Capital Partners Break-up fee - - - - - - - - 400,000 400,000 Meniscus Group, LLC Transaction fee - - - - - - - - 144,900 144,900 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Total $ - $ - $ - $ - $ - $ - $ - $ - $ 1,308,926 $ 1,308,926 (1) The accompanying Monthly Operating Report Notes are an integral part of this schedule. MOR-7b
Case 18-30197 Document 946 Filed in TXSB on 03/20/19 Page 10 of 11 CASH ACCOUNT RECONCILIATION (1,2) MONTH OF OCTOBER 2018 No. Account Name Bank Name Account Type Account Number (last 4 digits only) Ending Bank Balance Outstanding Checks Deposits In Transit FXR Adj. / Variance Ending Adjusted Bank Balance 1 Lockwood Holdings Inc Wells Fargo Operating 1990 $ 24,243,989 - - - $ 24,243,989 2 Lockwood Holdings, Inc. RBC Operating 6319 9,984 - - - 9,984 Total $ 24,253,973 $ - $ - $ - $ 24,253,973 (1) The accompanying Monthly Operating Report Notes are an integral part of this schedule. (2) Debtor affirms that bank reconciliations are prepared for all open and active bank accounts on a monthly basis. MOR-8
Case 18-30197 Document 946 Filed in TXSB on 03/20/19 Page 11 of 11 PAYMENTS TO INSIDERS AND PROFESSIONALS [1] Of the total disbursements shown for the month, list the amount paid to insiders (as defined in Section 101(31)(A)-(F) of the U.S. Bankruptcy Code) and the professionals. Also, for insiders, identify the type of compensation paid (e.g., salary, commission, bonus, etc.) (Attach additional pages as necessary). INSIDERS: NAME/COMP TYPE MONTH MONTH MONTH MONTH MONTH MONTH MONTH MONTH MONTH Jan 25 - Feb 28, 2018 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 1. N/A 2. 3. 4. 5. 6. TOTAL INSIDERS (MOR-1) $ - $ - $ - $ - $ - $ - $ - $ - $ - PROFESSIONALS MONTH MONTH MONTH MONTH MONTH MONTH MONTH MONTH MONTH Jan 25 - Feb 28, 2018 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 1. N/A 2. 3. 4. 5. 6. TOTAL PROFESSIONALS (MOR-1) $ - $ - $ - $ - $ - $ - $ - $ - $ - MOR-9