UNITED STATES BANKRUPTCY COURT

                      FOR THE EASTERN DISTRICT OF VIRGINIA

                               ALEXANDRIA DIVISION



In Re:   NxNetworks, Inc.                                Chapter 11





         Debtor(s)                                       Case Number:  01-14233

                                                                     -----------



                            MONTHLY OPERATING REPORT

               CALENDAR MONTH  APRIL 1, 2002 TO APRIL 30, 2002

                               -------------------------------



                        FINANCIAL BACKGROUND INFORMATION



1.       ACCOUNTING BASIS:   Cash                Accrual   X

                                  -----                  ------



2.       PREPARER: State the name, address, telephone number and position of the

         person(s) who actually compiled the information contained in this

         report.

         Location: NxNetworks, Inc. 13595 Dulles Technology Drive, Herndon, VA

         20171; Greg Washenko (CFO) 703-793-2059 and Jennifer Bell (Controller)

         703-793-2076



3.       NUMBER OF EMPLOYEES paid during this period:   2

                                                       ---



4.       Have there been any CHANGES IN THE NATURE OF YOUR BUSINESS since the

         last reporting period? Yes / /  No /X/ . If yes, explain below:



5.       Are all BUSINESS LICENSES current? Yes /X/  No / /  Not Applicable / /



6.       PRE-PETITION ACCOUNTS RECEIVABLE:



         Beginning Balance                  $ 0

         Collected this Period              $

         Write-offs against allowance

         Sale of asset                      $ 0

         Ending Balance                     $ 0



7.       POST-PETITION ACCOUNTS RECEIVABLE:



         0-30 Days: $0     31-60 Days:  $0    Over 61-90: $0  Days over 90: $0

                    --                  --                --                --



     If there are any post-petition Accounts Receivable over 60 days, provide

schedule AR giving a listing of such accounts and explain the delinquencies.



8.       POST-PETITION ACCOUNTS PAYABLE:



         0-30 Days: $11,074   31-60 Days:  $17,060  Over 60 Days: $250

                    -------                -------                ----



     If there are any post-petition Accounts Payable over 30 days, provide

Schedule AP giving a listing of such accounts and explain the delinquencies.



9.   TAXES. Are all taxes being paid to the proper taxing authorities when

due? Yes /X/ No / / Payroll tax is current but sales, property and business

taxes are overdue. On the attached IRS Form 6123 report all tax deposits made

with any financial institution for federal employment taxes. Be sure the form is

complete and signed by an authorized employee of the receiving institution or

taxing authority. Attach to this report a completed Form 6123 for each deposit

made during the reporting period. Also attach copies of the monthly sales tax

report, payroll tax report and unemployment tax report with evidence of payment

of both federal and state taxes.



10. ESCROW ACCOUNTS. Are you utilizing your tax account only for deposits and

payment of payroll and sales taxes?  Yes /X/    No / /.  If no, explain: ______.



<PAGE>





11.      Are all BOOKS AND RECORDS of the debtor(s) being maintained monthly and

         are all current? Yes  /X/   No / /  Explain:



12.      INSURANCE EXPIRATION STATEMENT.  Policy expiration dates are:



         Auto & Truck   4/01/02               Liability    4/01/02

                      ----------------                  -----------------------

         Fire                              Workers Comp.       4/01/02

              --------------                            --------------------



13.      ACTIONS OF DEBTOR.  During the last month, did the debtor:



         (A) Fail to defend or not oppose any action seeking to dispossess the

         debtor from control or custody of any asset of the estate? Yes / /

         No /  / Explain:______________________________________________________.



         (B) Maintain such stock, inventory, raw materials, insurance, employees

         and other resources as are necessary to preserve and maintain the

         going- concern value of the assets of the debtor? Yes /X/ No / /

         Explain:______________________________________________________________.



14.      TRANSFER OR SALE OF PROPERTY. Did the debtor or any person with control

over any of the debtor's assets transfer, convey or abandon any of the debtor's

assets to another party during the period of this report other than as set forth

herein (including sales by creditors)?

Yes /X/ No / / Explain: On March 6, 2002, the US Bankruptcy Court for the

Eastern District of Virginia issued an order in which it approved the sale of

substantially all of Nx Networks' assets to NSGData.com pursuant to section 363

of the US Bankruptcy code.

Home        Intelligence        Services        Subscriptions        News        About Us

Contact Us       Terms of Use       Resend Documents       Shopping Cart

Copyright © 2008 The Consus Group LLC