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Full title: Report of Operations for October 2020 filed by Jeffrey A Hokanson on behalf of Member Debtor Gregg Appliances, Inc. (Hokanson, Jeffrey) (Entered: 12/01/2020)

Document posted on Nov 30, 2020 in the bankruptcy, 11 pages and 0 tables.

Bankrupt11 Summary (Automatically Generated)

Cash flows from operating activities: Net cash provided by (used in) operating activities $ ( 80)Cash flows from investing activities: Purchases of property and equipment - Proceeds from sale of property and equipment - Other - Net cash used in investing activities - Cash flows from financing activities: Net Borrowings (Repayments) on Debt Facility - - Increase/(decrease) in cash and cash equivalents (80) Cash and cash equivalents at beginning of period 603 Cash and cash equivalents at end of period $ 523 DEBTORS AND DEBTORS IN POSSESSION Retained Professionals Approved Amounts (1) Disbursements MORGAN, LEWIS & BOCKIUS LLP Legal Services $ 2,779 $ -STIFEL, NICOLAUS & COMPANY INC Bankruptcy Services $ - $ -BERKELEY RESEARCH GROUP LLC Bankruptcy Services $ 2,423 $ -DONLIN, RECANO & COMPANY INC Bankruptcy Services $ - $ 14ICE MILLER LLP Legal Services $ 2,007 $ -BINGHAM GREENBAUM DOLL LLP Bankruptcy Services $ 235 $ -MALFITANO PARTNERS Bankruptcy Services $ 66 $ -COOLEY LLP Bankruptcy Services $ 2,558 $ -PROVINCE, INC.Bankruptcy Services $ 556 $ -DLA PIPER LLP US Bankruptcy Services $ - $ -FAEGRE DRINKER BIDDLE & REATH Bankruptcy Services $ - $ -CHOATE HALL & STEWART LLP Bankruptcy Services $ - $ 9ASK LLP Bankruptcy Services $ - $ -GREAT AMERICAN GROUP Bankruptcy Services $ - $ -GAVINSOLMENESE LLC Bankruptcy Services $ 136 $ -CHIPMAN BROWN CICERO & COLE, LLPLegal Services $ 1,819 $ -Total $ 12,580 $ 23(1)

List of Tables

Document Contents

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DEBTORS AND DEBTORS IN POSSESSION Condensed Consolidated Statement of Income (unaudited) For the Period of October 1, 2020 to (In Thousands) October 31, 2020 Net Sales $ - Cost of Goods Sold - Gross Profit/(Loss) - Operating Expenses: Advertising Expense, Net - Occupancy Costs 3 Data Communications 0 Repair and Maintenance - Company Insurance (Non-Medical) 0 Employee Benefits 0 Wage Expense 18 Employee Services 0 Travel and Entertainment - Bank Transaction Fees 2 Professional Fees 1,859 Stock Compensation Expense (Benefit), Net - Gain/Loss on Early Extinguishment of Debt - Depreciation and Amortization - Administrative and Sales Expense 12 Product Services Expense - Bad Debts - Total Operating Expenses 1,895 Operating Income/(Loss) $ ( 1,895) Interest Expense, net - Other Income/(Expense) 39 Income Before Taxes $ ( 1,856) Income Tax Expense/(Benefit) - Net Income/(Loss) $ ( 1,856)

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DEBTORS AND DEBTORS IN POSSESSION Condensed Consolidated Balance Sheet (unaudited) As of (In Thousands) 10/31/2020 Assets Cash 523 Credit Card and Trade Accounts Receivable, Net 5,954 Accounts Receivable - Other 7,453 Merchandise Inventories - Prepaid Expenses and Other Assets 26 Income Taxes Receivable - Total Current Assets 13,956 Property and Equipment, Net - Capitalized Financing Fees, Net - Goodwill - Trademarks, Net - Other Assets, Net - Total Assets $ 13,956 Liabilities and Stockholders' Deficit Accounts Payable 9,099 Oustanding Customer Deposits, Credits, Refunds 1,560 Unredeemed Gift Card Liability 15 Other Accrued Expenses 1,277 Deferred Tax Liability - DIP Loans - Total Current Liabilities $ 11,950 Deferred Rent - LT Deferred Compensation 234 Other Long-term Liabilities 107 Liabilities Subject to Compromise 194,652 Total Liabilities $ 206,943 Preferred Stock - Common Stock 4 Accumulated Deficit (347,539) Treasury Stock (150,228) Additional Paid-in Capital 304,775 Total Stockholders' Deficit $ ( 192,988) Total Liabilities and Stockholders' Deficit $ 13,956

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DEBTORS AND DEBTORS IN POSSESSION Condensed Consolidated Statement of Cash Flows (unaudited) For the Period of October 1, 2020 to (In Thousands) October 31, 2020 Cash flows from operating activities: Net cash provided by (used in) operating activities $ ( 80)Cash flows from investing activities: Purchases of property and equipment - Proceeds from sale of property and equipment - Other - Net cash used in investing activities - Cash flows from financing activities: Net Borrowings (Repayments) on Debt Facility - - Increase/(decrease) in cash and cash equivalents (80) Cash and cash equivalents at beginning of period 603 Cash and cash equivalents at end of period $ 523

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DEBTORS AND DEBTORS IN POSSESSION Total Disbursements by Filed Legal Entity (unaudited) (In Thousands) For the Period of October 1, 2020 to October 31, 2020 Legal Entity Case Number Disbursements Gregg Appliances, Inc. 17-01303-11 $ 82

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DEBTORS AND DEBTORS IN POSSESSION Bank Reconciliations (unaudited) (In Thousands) G/L Acct Account Name Bank Acct # Debtor Description Bank Balance Ledger Balance As of Date Reconciled1000 Master Operating Account 9174 Gregg Appliances, Inc. Operating Account $ 507 $ 507 10/31/2020 YesCorporate AR deposit account, All retail locations 1001 Corporate Account 9505 Gregg Appliances, Inc. depository account $ - $ - 10/31/2020 Yes1016 Cash Concentration 9455 Gregg Appliances, Inc. Cash Dominion $ 16 $ 16 10/31/2020 Yes1017 Gregg AR DIP REVOLVER ZT08 Gregg Appliances, Inc. Excess cash on Wells Fargo AR DIP Revolver $ - $ - 10/31/2020 Yes1051 Disbursements 9729 Gregg Appliances, Inc. Checking $ - $ - 10/31/2020 YesLegal Reserve and Escrow for Whirlpool, 1011 Restricted - Wells Fargo Escrow Internal Wells Fargo AccountGregg Appliances, Inc. Electrolux, GACP, and WGT V Matters $ - $ - 10/31/2020 No

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DEBTORS AND DEBTORS IN POSSESSION Total Disbursements to Retained Professionals (unaudited) (In Thousands) For the Period of October 1, 2020 to October 31, 2020 Retained Professionals Approved Amounts (1) Disbursements MORGAN, LEWIS & BOCKIUS LLP Legal Services $ 2,779 $ -STIFEL, NICOLAUS & COMPANY INC Bankruptcy Services $ - $ -BERKELEY RESEARCH GROUP LLC Bankruptcy Services $ 2,423 $ -DONLIN, RECANO & COMPANY INC Bankruptcy Services $ - $ 14ICE MILLER LLP Legal Services $ 2,007 $ -BINGHAM GREENBAUM DOLL LLP Bankruptcy Services $ 235 $ -MALFITANO PARTNERS Bankruptcy Services $ 66 $ -COOLEY LLP Bankruptcy Services $ 2,558 $ -PROVINCE, INC. Bankruptcy Services $ 556 $ -DLA PIPER LLP US Bankruptcy Services $ - $ -FAEGRE DRINKER BIDDLE & REATH Bankruptcy Services $ - $ -CHOATE HALL & STEWART LLP Bankruptcy Services $ - $ 9ASK LLP Bankruptcy Services $ - $ -GREAT AMERICAN GROUP Bankruptcy Services $ - $ -GAVIN SOLMENESE LLC Bankruptcy Services $ 136 $ -CHIPMAN BROWN CICERO & COLE, LLPLegal Services $ 1,819 $ -Total $ 12,580 $ 23(1) Approved amounts represent the amount of fees and expenses that were approved by court order for payment by the Debtors to each professional from commencement of the case through October 2020. .

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DEBTORS AND DEBTORS IN POSSESSION Summary of Unpaid Post-Petition Debts (unaudited) As of 10/31/2020 (In Thousands) Gregg Appliances, Inc. (17-01303-11) Number of Days Past Due Current 0-30 31-60 61-90 Over 90 Total
Table 1 on page 8. Back to List of Tables
Accounts Payable $ - $ 0 $ 94 $ - $ 732 $ 8 26
Wages Payable $ 3 - $ - $ - $ - 3
Taxes Payable (1) $ 1 - $ - $ - $ 936 937
Rent/Leases-Building $ - - $ - $ - $ 3,759 3,759
Utilities Payable (2) $ - - $ - $ - $ 398 398
Insurance Reserves $ - - $ - $ - $ - -
Secured Debt/Adequate Protection Payments $ - - $ - $ - $ - -
Professional Fees $ 9 9 $ 1,498 $ 7 $ 2,011 3,533
Amounts Due to Insiders $ - - $ - $ - $ - -
Outstanding Customer Deposits, Credits, Refunds (2) $ - - $ - $ - $ 1,560 1,560
Unredeemed Gift Card Liability (2) $ - - $ - $ - $ 15 15
Deferred Rent $ - - $ - $ - $ - -
LT Deferred Compensation $ - - $ - $ - $ 234 234
Other (2) $ - - $ - $ - $ 1,026 1,026
Total Post-Petition Debts $ 12 $ 9 $ 1,591 $ 7 $ 10,672 $ 12,291
(1) Any past due taxes payable relate to unpaid business license fees for 2017, as well as unpaid gross receipts taxes payable and any penalties charged for late payments beginning in July 2017.

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DEBTORS AND DEBTORS IN POSSESSION Schedule of Federal, State, & Local Taxes Collected, Received, Due or Witheld (unaudited)(In Thousands) For the Period of October 1, 2020 to October 31, 2020 Beginning Tax Amount Withheld Liability or Accrued Amount Paid Date Paid Check No. or EFT Ending Tax LiabilityFederal Withholding $ 0 $ 2 $ (2) 10/14; 10/28 WIRE $ 0FICA - Employee $ 0 $ 0 $ (0) 10/14; 10/28 WIRE $ 0FICA - Employer $ 0 $ 0 $ (0) 10/14; 10/28 WIRE $ 0Unemployment $ (0) $ - $ - $ (0)Income $ - $ - Total Federal Taxes $ - $ 3 $ (3) $ 0State and Local Withholding $ 0 $ 1 $ (1) 10/14; 10/28 WIRE $ 0Sales and Use $ (0) $ - $ - $ (0)Excise $ - $ - $ - $ -Unemployment $ - $ - $ - $ -Real Property $ 3,474 $ - $ - $ 3,474Personal Property $ 1,582 $ - $ - $ 1,582Other $ 99 $ - $ - $ 99Total State and Local $ 5,156 $ 1 $ (1) $ 5,156

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DEBTORS AND DEBTORS IN POSSESSION Accounts Receivable Aging (unaudited) (In Thousands) As of October 31, 2020 Accounts Receivable Reconciliation Credit Card Trade Accounts Total Credit Card and Receivables Receivable Trade Accounts Receivable Total Accounts Receivable at the beginning of the reporting period $ 900 5,054 $ 5,954+ Amounts billed during the period - - - - Amounts collected during the period - - - - Other Adjustments (Writeoffs/Credit Memos/Adjustments/Chargebacks/Signifyd Funding) - - -Total Accounts Receivable at the end of the reporting period $ 900 $ 5,054 $ 5,954As of October 31, 2020 Accounts Receivable Aging 13.92 Amount < 90 $ - $ - $ -91+ 2.8 900 5,054 5,954 Total Accounts Receivable 2.8 900 5,054 5,954 Amount Considered Uncollectible - - - - Accounts Receivable, Net $ 2 .8 $ 900 $ 5,054 $ 5,954(1) / (2) NOTES (1) In July 2018, all Credit Card Receivables were written off with the exception of Pre-Petition funds withheld by Vantiv (Visa/Mastercard) in the amount of $900,000. Debtors understand some or all of that amount was applied against chargebacks by the Credit Card companies; however, will continue to carry balance until fully resolved. (2) No reserves have been recorded against credit card receivables. (3) $8.5M of Accounts Receivable - Other exists at 10/31/2020, all of which is aged > 90 days past due.

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DEBTORS AND DEBTORS IN POSSESSION Questionnaire 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. X3. Have all post-petition tax returns been filed timely? 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 has been opened provide the X required documentation pursuant to the Delaware Local Rule 4001-3. Account Name Purpose Business Acct Number Bank Name Date

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