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Full title: Debtor-In-Possession Monthly Operating Report for Filing Period April 1 - 30, 2021 Filed by Klausner Lumber One LLC. (Butz, Daniel) (Entered: 05/19/2021)

Document posted on May 18, 2021 in the bankruptcy, 14 pages and 0 tables.

Bankrupt11 Summary (Automatically Generated)

No. 20-11033 (KBO) 2021Signature of Authorized Individual* Date Michael Freeman Chief Restructuring Officer Printed Name of Authorized Individual Title of Authorized Individual*Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtoris a partnership; a manager or member if debtor is a limited liability company.No. 20-11033 (KBO) The amounts currently classified as liabilities subject to compromise are preliminary and may be subject to future adjustments depending on Court actions, further developments with respect to disputed claims, determinations of the secured status of certain claims, the values of any collateral securing such claims, rejection of executory contracts, continued reconciliation or other events.No. 20-11033 (KBO)

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UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE In re Klausner Lumber One LLC Case No. 20-11033 (KBO) Debtor Reporting Period: April 1 - 30, 2021 MONTHLY OPERATING REPORT File with Court and submit copy to United States Trustee within 20 days after end of month. Submit copy of report to any official committee appointed in the case. Document Explanation Affidavit/Supplement REQUIRED DOCUMENTS Form No. Attached Attached Attached
Table 1 on page 1. Back to List of Tables
Schedule of Cash Receipts and Disbursements MOR-1 X
Bank Reconciliation (or copies of debtor's bank reconciliations) MOR-1a X
Schedule of Professional Fees Paid MOR-1b X
Copies of bank statements MOR-1a X
Cash disbursements journals
Statement of Operations MOR-2 X
Balance Sheet MOR-3 X
Status of Postpetition Taxes MOR-4 X
Copies of IRS Form 6123 or payment receipt
Copies of tax returns filed during reporting period
Summary of Unpaid Postpetition Debts MOR-4a X
Listing of aged accounts payable MOR-4 X
Accounts Receivable Reconciliation and Aging MOR-5 X
Debtor Questionnaire MOR-5 X
I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documentsare true and correct to the best of my knowledge and belief. _______________________________________ ______________________________Signature of Debtor Date _______________________________________ ______________________________Signature of Joint Debtor Date /s/ Michael Freeman May 19. 2021Signature of Authorized Individual* Date Michael Freeman Chief Restructuring Officer Printed Name of Authorized Individual Title of Authorized Individual*Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtoris a partnership; a manager or member if debtor is a limited liability company. The last four digits of the Debtor's United States federal tax identification number are 9109. The Debtor's mailing address is Klausner Lumber One LLC, PO Box 878, Middleburg, VA 20118.

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In re Klausner Lumber One LLC Case No. 20-11033 (KBO) Debtor Reporting Period: April 1 - 30, 2021 GENERAL NOTES Debtor-in-Possession Financial Statements The financial statements and supplemental information contained herein are unaudited, preliminary and may not comply with generally accepted accounting principles ("GAAP") in all material respects. In preparing the monthly operating report ( the "MOR"), the Debtor relied on financial data derived from its books and records that was available at the time of preparation. Subsequent information or discovery may result in material changes to the MOR and errors or omissions may exist. Notwithstanding any such results, discovery, new information, or errors or omissions, the Debtor did not undertake any obligation or commitment to update the MOR. The results of operations contained herein are not necessarily indicative of results which may be expected from any other period or for the full year and may not necessarily reflect the results of operations, financial position and cash flows of the Debtor in the future. The information contained herein is provided to fulfill the requirements of the Office of the United States Trustee. Liabilities Subject to Compromise As a result of the chapter 11 filing, the payment of prepetition indebtedness is subject to compromise or other treatment under a chapter 11 plan. The determination of how liabilities will ultimately be settled or treated cannot be made until the Bankruptcy Court approves a chapter 11 plan. Accordingly, the ultimate amount of such liabilities is not determinable at this time. The amounts currently classified as liabilities subject to compromise are preliminary and may be subject to future adjustments depending on Court actions, further developments with respect to disputed claims, determinations of the secured status of certain claims, the values of any collateral securing such claims, rejection of executory contracts, continued reconciliation or other events. Reservation of Rights The Debtor reserves all rights to amend or supplement the MOR in all respects, as may be necessary or appropriate. Nothing contained in this MOR shall constitute a waiver of any of the Debtor's rights or an admission with respect to this Chapter 11 case.

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In re Klausner Lumber One LLC Case No. 20-11033 (KBO) Debtor Reporting Period: April 1 - 30, 2021 SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS MOR-1 Amounts reported are per the debtor's books (not the bank statement). Bank Accounts Current Cumulative
Table 1 on page 3. Back to List of Tables
Operating
25,951,366
0
0
0
0
0
Utilities
7,363
Taxes
0
DIP Escrow (a)
10,413,279
813
None None
0
0
25,000
0
0
22,139
909,711
0
21,270
0
0
0
0 0 813 813
0
25,000
0
0
22,139
909,711
0
21,270
0
0
0
64,783,463
185,967
300,000
0
28,623
386,394
12,502,054
0
280,389
3,552,956
4,728,215
7,445,424
978,120 0 0 0 978,120 29,410,022
24,973,246 7,363 0 10,414,092 35,394,701 35,394,701
None None None
(a) New bank account opened in December, 2020 The debtor has closed the following pre-petition bank accounts: Account Name Wells Fargo - payroll ending 6377 Wells Fargo - operating ending 0952 Wells Fargo - checking ending 5959 Wells Fargo - construction ending 3857 (b) Including costs paid by buyer at closing (c) Including amounts paid into the Professional Fee Escrow THE FOLLOWING SECTION MUST BE COMPLETED TOTAL DISBURSEMENTS 978,120 LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS 0 PLUS; ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e, from escrow accounts) 0TOTAL DISBURSEMENTS FOR CALCULATING US TRUSTEE QUARTERLY FEES 978,120

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In re Klausner Lumber One LLC Case No. 20-11033 (KBO) Debtor Reporting Period: April 1 - 30, 2021 BANK RECONCILIATIONS MOR-1a Bank Type Account A/C # Balance EastWest Bank Operating Account X6156 $ 24,995,503EastWest Bank Utilities Account X6170 7,363 EastWest Bank Taxes Account X6163 0 EastWest Bank DIP Escrow Account X6618 10,414,092 Total Bank Balance $ 35,416,958 (1) Add/Less: Reconciling Items (22,257) Book Balance $ 35,394,701 (1) Bank statements and reconciliations for all open and active bank accounts are retained by the Debtor and areavailable upon request by the United States Trustee's office.

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In re Klausner Lumber One LLC Case No. 20-11033 (KBO) Debtor Reporting Period: April 1 - 30, 2021 SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID This schedule is to include all retained professional payments from case inception to current month.
Table 1 on page 5. Back to List of Tables
Payee Period Covered Amount
Approved
Check None Amount Paid None Cumulative Amount Paid None
None None None Number Date Fees Expenses Fees Expenses
Asgaard Capital LLC May, 2020 90,000.00 Escrow 08/04/20 90,000.00
Asgaard Capital LLC June, 2020 60,000.00 Escrow 08/13/20 60,000.00
Asgaard Capital LLC July, 2020 85,000.00 Escrow 09/15/20 85,000.00
Asgaard Capital LLC April 30 - May 31 427,755.54 Escrow 09/22/20 420,247.00 7,508.54
Asgaard Capital LLC June, 2020 525,388.64 Escrow 09/22/20 510,779.00 14,609.64
Asgaard Capital LLC July, 2020 346,589.70 Escrow 09/22/20 333,553.00 13,036.70
Asgaard Capital LLC Aug, 2020 362,168.96 Wire 10/08/20 358,579.50 3,589.46
Asgaard Capital LLC Transacton fees 3,091,636.70 Wire 10/20/20 3,091,636.70
Asgaard Capital LLC Sep, 2020 256,106.40 Wire 11/02/20 247,358.50 8,747.90
Asgaard Capital LLC Sept, 2020 60,060.50 Wire 11/16/20 60,060.50
Asgaard Capital LLC Oct, 2020 155,533.08 Wire 12/04/20 122,070.00 33,463.08
Asgaard Capital LLC Nov, 2020 89,627.46 Wire 12/22/20 88,307.00 1,320.46
Asgaard Capital LLC Dec, 2020 108,270.00 Wire 01/27/21 108,270.00
Asgaard Capital LLC Jan, 2021 122,333.00 Wire 02/19/21 122,333.00
Asgaard Capital LLC Feb, 2021 164,111.00 Wire 03/19/21 164,111.00
Asgaard Capital LLC Mar, 2021 146,744.00 Wire 04/20/21 146,744.00 5,948,988.70 142,336.28
Cypress Associates LLC Apr 30-May31, 2020 111,480.00 Escrow 08/10/20 71,500.00
Cypress Associates LLC Apr 30-May31, 2020 Escrow 09/22/20 6,000.00
Cypress Associates LLC Apr 30-May31, 2020 Wire 09/22/20 33,980.00
Cypress Associates LLC Transaction fees 3,882,229.00 Wire 09/22/20 3,882,229.00
Cypress Associates LLC 1st Fee app 176,783.53 Wire 11/23/20 176,783.53
Cypress Associates LLC Correction (39,980.00) Wire 12/23/20 (39,980.00) 4,130,512.53 0.00
Donlin Recano & Company Inc 1st Monthly Fee App 12,290.80 Escrow 08/13/20 12,290.80
Donlin Recano & Company Inc May, 2020 29,566.04 Escrow 08/18/20 29,566.04
Donlin Recano & Company Inc June, 2020 16,380.13 Escrow 08/18/20 16,380.13
Donlin Recano & Company Inc July, 2020 25,154.01 Escrow 08/25/20 25,154.01
Donlin Recano & Company Inc August, 2020 57,328.11 Escrow 10/13/20 38,609.02
Donlin Recano & Company Inc August, 2020 Wire 10/15/20 18,719.09
Donlin Recano & Company Inc September, 2020 21,789.64 Wire 10/23/20 21,789.64
Donlin Recano & Company Inc 1st Interim 3,072.70 Wire 11/23/20 3,072.70
Donlin Recano & Company Inc Oct, 2020 20,042.45 Wire 11/23/20 20,042.45
Donlin Recano & Company Inc Nov, 2020 12,128.01 Wire 12/23/20 12,128.01
Donlin Recano & Company Inc Dec, 2020 17,725.49 Wire 01/29/21 17,725.49
Donlin Recano & Company Inc Jan, 2021 12,233.04 Wire 02/19/21 12,233.04

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Table 1 on page 6. Back to List of Tables
Payee Period Covered Amount
Approved
Check None Amount Paid None Cumulative Amount Paid None
None None None Number Date Fees Expenses Fees Expenses
Donlin Recano & Company Inc Jan, 2021 1,264.08 Wire 04/09/21 1,264.08
Donlin Recano & Company Inc 2nd Interim 316.02 Wire 04/09/21 316.02
Donlin Recano & Company Inc Feb, 2021 987.04 Wire 04/21/21 987.04
Donlin Recano & Company Inc Feb, 2021 11,840.79 Wire 04/21/21 11,840.79
Donlin Recano & Company Inc Jan, 2021 20,535.89 Wire 04/21/21 20,535.89 262,654.24 0.00
Foley & Lardner LLP May 26 - May 31 47,545.20 Wire 09/22/20 47,544.00 1.20
Foley & Lardner LLP June, 2020 161,583.50 Wire 09/22/20 161,440.40 143.10
Foley & Lardner LLP July, 2020 177,570.28 Wire 09/22/20 86,976.80 593.48
Foley & Lardner LLP July, 2020 Escrow 09/22/20 90,000.00
Foley & Lardner LLP 1st Interim 91,008.80 Wire 11/23/20 91,008.80
Foley & Lardner LLP Aug, 2020 295,235.68 Wire 12/07/20 289,808.00 5,427.68
Foley & Lardner LLP Sep, 2020 192,453.67 Wire 12/07/20 189,088.80 3,364.87
Foley & Lardner LLP Oct, 2020 147,593.79 Wire 12/31/20 146,043.20 1,550.59
Foley & Lardner LLP Nov, 2020 94,072.24 Wire 01/22/21 93,053.20 1,019.04
Foley & Lardner LLP Interim 148,980.24 Wire 02/11/21 148,980.24
Foley & Lardner LLP Dec, 2020 127,881.50 Wire 03/22/21 127,702.00 179.60
Foley & Lardner LLP Jan, 2021 103,136.46 Wire 03/22/21 102,904.40 232.06
Foley & Lardner LLP 2nd Interim 80,914.90 Wire 04/09/21 80,914.90
Foley & Lardner LLP Feb, 2021 81,297.83 Wire 04/21/21 80,608.40 689.43 1,736,073.14 13,201.05
Morris James May 26 - July 31 71,744.65 Wire 09/22/20 69,740.00 2,004.65
Morris James August, 2020 22,260.52 Wire 11/16/20 21,646.80 613.72
Morris James September, 2020 25,339.26 Wire 11/16/20 24,807.20 532.06
Morris James 1st Interim 17,435.00 Wire 11/23/20 17,435.00
Morris James Oct, 2020 16,968.80 Wire 02/11/21 16,955.00 13.20
Morris James Nov, 2020 13,695.30 Wire 02/11/21 13,618.80 76.50
Morris James Interim 14,852.40 Wire 02/11/21 14,852.40
Morris James Dec, 2020 12,862.75 Wire 02/11/21 12,791.60 71.15
Morris James Jan, 2021 6,240.69 Wire 03/19/21 5,550.80 689.89
Morris James 2nd Interim 7,382.31 Wire 04/09/21 7,382.31
Morris James Feb, 2021 29,516.47 Wire 04/21/21 28,296.80 1,219.67 233,076.71 5,220.84
Morris Nichols Arsht & Tunnell LLP May, 2020 37,500.00 Escrow 08/04/20 37,500.00
Morris Nichols Arsht & Tunnell LLP June, 2020 72,500.00 Escrow 09/16/20 72,500.00
Morris Nichols Arsht & Tunnell LLP April 30 - May 31 108,431.15 Escrow 09/22/20 105,926.40 2,504.75
Morris Nichols Arsht & Tunnell LLP June, 2020 78,368.44 Escrow 09/22/20 77,988.00 380.44
Morris Nichols Arsht & Tunnell LLP July, 2020 129,711.73 Escrow 09/22/20 128,305.60 1,406.13
Morris Nichols Arsht & Tunnell LLP August, 2020 148,377.19 Wire 11/02/20 148,079.20 297.99
Morris Nichols Arsht & Tunnell LLP Oct, 2020 66,735.02 Wire 11/16/20 65,704.80 1,030.22
Morris Nichols Arsht & Tunnell LLP 1st Interim 105,477.90 Wire 11/23/20 105,477.90
Morris Nichols Arsht & Tunnell LLP Oct, 2020 41,867.62 Wire 12/22/20 41,644.00 223.62

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Table 1 on page 7. Back to List of Tables
Payee Period Covered Amount
Approved
Check None Amount Paid None Cumulative Amount Paid None
None None None Number Date Fees Expenses Fees Expenses
Morris Nichols Arsht & Tunnell LLP Interim 63,857.00 Wire 02/11/21 63,857.00
Morris Nichols Arsht & Tunnell LLP Nov, 2020 43,033.34 Wire 04/09/21 38,320.40 4,712.94
Morris Nichols Arsht & Tunnell LLP Dec, 2020 45,264.42 Wire 04/09/21 44,164.80 1,099.62
Morris Nichols Arsht & Tunnell LLP Jan, 2020 48,038.55 Wire 04/09/21 47,627.20 411.35
Morris Nichols Arsht & Tunnell LLP 2nd Interim 32,528.10 Wire 04/09/21 32,528.10 1,009,623.40 12,067.06
Peter Shapiro Law Firm May 17-Jun 30, 2020 10,697.00 Escrow 08/13/20 10,697.00
Peter Shapiro Law Firm 1st Interim 4,883.00 Escrow 11/30/20 4,883.00 15,580.00 0.00
Westerman Ball Ederer Miller April 30 - May 31 275,108.95 Wire 09/22/20 275,104.40 4.55
Westerman Ball Ederer Miller June, 2020 224,542.80 Wire 09/22/20 224,242.80 300.00
Westerman Ball Ederer Miller July, 2020 178,557.40 Wire 09/22/20 16,039.60 17.80
Westerman Ball Ederer Miller July, 2020 Escrow 10/01/20 162,500.00
Westerman Ball Ederer Miller August, 2020 226,089.20 Wire 10/22/20 226,089.20
Westerman Ball Ederer Miller 1st Interim 163,204.20 Wire 11/23/20 163,204.20
Westerman Ball Ederer Miller Sep, 2020 186,139.60 Wire 12/07/20 186,020.40 119.20
Westerman Ball Ederer Miller Oct, 2020 65,530.57 Wire 01/04/21 65,070.80 459.77
Westerman Ball Ederer Miller Nov, 2020 72,482.70 Wire 01/21/21 72,427.60 55.10
Westerman Ball Ederer Miller Interim 117,295.10 Wire 02/11/21 117,295.10
Westerman Ball Ederer Miller Dec, 2020 99,938.69 Wire 03/22/21 99,804.00 134.69
Westerman Ball Ederer Miller Jan, 2021 68,560.60 Wire 04/09/21 68,525.20 35.40
Westerman Ball Ederer Miller 2nd Interim 60,192.70 Wire 04/09/21 60,192.70
Westerman Ball Ederer Miller Feb, 2021 90,882.40 Wire 04/21/21 90,882.40 1,827,398.40 1,126.51
Berkeley Research Group 1st Interim 60,000.00 Escrow 11/23/20 60,000.00
Berkeley Research Group 1st Interim 62,716.00 Wire 11/23/20 62,716.00
Berkeley Research Group Aug-Oct, 2020 116,208.50 Wire 01/04/21 116,208.50
Berkeley Research Group Nov-Jan 123,012.40 Wire 03/22/21 123,012.40
Berkeley Research Group 2nd Interim 30,753.10 Wire 04/09/21 30,753.10 392,690.00 0.00
Duane Morris LLP Jun 26 - Aug 31, 2020 107,297.44 Wire 11/10/20 107,297.44
Duane Morris LLP Sep, 2020 31,935.56 Wire 11/20/20 31,935.56
Duane Morris LLP Oct, 2020 16,830.44 Wire 12/16/20 13,772.20 3,058.24
Duane Morris LLP Nov, 2020 60,829.10 Wire 01/29/21 56,417.20 4,411.90
Duane Morris LLP Interim 36,901.30 Wire 02/11/21 36,901.30
Duane Morris LLP Dec, 2020 86,348.60 Wire 02/17/21 84,816.80 1,531.80
Duane Morris LLP Jan, 2021 22,204.88 Wire 03/19/21 22,069.60 135.28
Duane Morris LLP 2nd Interim 40,929.90 Wire 04/09/21 40,255.50 674.40
Duane Morris LLP Feb, 2021 42,242.00 Wire 04/21/21 41,603.60 638.40 435,069.20 10,450.02

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Table 1 on page 8. Back to List of Tables
Payee Period Covered Amount
Approved
Check None Amount Paid None Cumulative Amount Paid None
None None None Number Date Fees Expenses Fees Expenses
Curtis, Mallet-Prevost, Colt & Mosle Aug-Sep, 2020 4,407.60 Check 01/12/21 4,407.60 0.00
Curtis, Mallet-Prevost, Colt & Mosle Oct, 2020 5,267.06 Check 01/12/21 5,247.60 19.46
Curtis, Mallet-Prevost, Colt & Mosle Nov, 2020 5,953.10 Wire 02/11/21 5,741.20 211.90
Curtis, Mallet-Prevost, Colt & Mosle Interim 2,413.80 Wire 02/11/21 2,413.80
Curtis, Mallet-Prevost, Colt & Mosle Dec, 2020 7,751.75 Wire 03/19/21 7,576.80 174.95
Curtis, Mallet-Prevost, Colt & Mosle Jan, 2021 14,086.33 Wire 04/09/21 13,900.40 185.93
Curtis, Mallet-Prevost, Colt & Mosle 2nd Interim 6,804.60 Wire 04/09/21 6,804.60
Curtis, Mallet-Prevost, Colt & Mosle Feb, 2021 5,595.60 Wire 04/21/21 5,595.60 51,687.60 592.24
McCausland Keen Aug-Sep, 2020 11,182.40 Wire 02/11/21 11,182.40
McCausland Keen Interim 2,795.60 Wire 02/11/21 2,795.60 13,978.00 0.00

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In re Klausner Lumber One LLC Case No. 20-11033 (KBO) Debtor Reporting Period: April 1 - 30, 2021 STATEMENT OF OPERATIONS MOR-2 The Statement of Operations is to be prepared on an accrual basis. The accrual basis of accounting recognizes revenue when it isrealized and expenses when they are incurred, regardless of when cash is actually received or paid. Cumulative REVENUES Month Filing to Date
Table 1 on page 9. Back to List of Tables
$ - $ 62,628,776
116,272
813 4,092
$ 813 $ 62,749,140
1,567
25,000 300,000
22,139 230,038
185,967
334
350
1,174,425
69,868
76,238
109,577,142
1,424,155
4,662,229
47,139 117,702,313
$ (46,326) $ (54,953,173)
None
167,370 6,109,196
723,561 8,126,553
4,875 288,189
895,806 14,523,938
$ (942,132) $ (69,477,111)

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In re Klausner Lumber One LLC Case No. 20-11033 (KBO) Debtor Reporting Period: April 1 - 30, 2021 BALANCE SHEET MOR-3 As of April 30, 2020 As of April 30, 2021 (Petition Date) ASSETS Current Assets Checking/Savings EastWest Bank - DIP 24,973,245 EastWest Bank - Utilities 7,363 EastWest Bank - Taxes 0 EastWest Bank - DIP Escrow Account 10,414,092 Wells Fargo - checking 0 5,665 Wells Fargo - construction 0 873 Wells Fargo - New 0 14,080 Wells Fargo - Payroll 0 642 Total Checking/Savings 35,394,700 21,260 Other Current Assets Acc Receivable A/R - domestic 879,941 879,941 A/R - KTU 27,279,459 27,279,459 Total Acc Receivable 28,159,400 28,159,400 Inventory - adjustment account 0 380,392 Inventory - dried lumber 0 844 Inventory - green lumber 0 350,869 Inventory - Logs debarked 0 10,999 Inventory - lumber (manual) 0 334,605 Inventory - mfg supplies 0 (71,203) Inventory - planed lumber 0 19,625 Inventory - raw mat/supplies 0 251 Inventory - saw blades 0 67,381 Inventory - saw/planing tools 0 412,208 NetSpend Debit Card 2,300 0 Professional Fee Escrow 11,420 0 Prepaid Expenses - insurance 0 531,795 Prepaid Expenses - other 0 25,638 Total Other Current Assets 28,173,120 30,222,804 Total Current Assets 63,567,820 30,244,064 Other Assets Accumulated Depreciation - F/A Accum Depr - buildings 0 (9,202,353) Accum Depr - land improvements 0 (1,558,645) Accum Depr - plant & machinery 0 (28,810,600) Accum Depr - techn equip 0 (4,720,051) Accum Depr - vehicles 0 (36,969) Total Accumulated Depreciation - F/A 0 (44,328,618) Buildings 0 45,576,879 Land and Improvements Land improvements 0 5,395,311 Land of own built-up land 0 3,538,715 Total Land and Improvements 0 8,934,026 Machinery & Equipment Factory and office equipment 0 7,966,898 Fixed assets under construction 0 3,731,193

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In re Klausner Lumber One LLC Case No. 20-11033 (KBO) Debtor Reporting Period: April 1 - 30, 2021 BALANCE SHEET MOR-3 As of April 30, 2020 As of April 30, 2021 (Petition Date) Offset account incoming F/A 0 3,012,061 Plant & Machinery 0 82,559,344 Vehicles 0 61,955 Total Machinery & Equipment 0 97,331,451 Other Assets Clearing account KL2 2,056,795 2,056,795 Loan Florida Sawmill LP 648,437 648,437 Loan KTU 146,660 146,660 Security Deposits 140,060 140,060 Short Term Loan KL2 10,646,180 10,646,180 Total Other Assets 13,638,131 13,638,132 Total Other Assets 13,638,131 121,151,870 TOTAL ASSETS 77,205,951 151,395,934 LIABILITIES & EQUITY Liabilities Current Liabilities Other Current Liabilities Accounts Payable 0 0 Accrued expenses 1,752,915 0 Notes Payable - DIP 0 0 Total Other Current Liabilities 1,752,915 0 Total Current Liabilities 1,752,915 0 Long Term Liabilities Liabilities subj to compromise 197,705,303 204,171,090 Total Long Term Liabilities 197,705,303 204,171,090 Total Liabilities 199,458,218 204,171,090 Equity Contributed Capital 24,435,806 24,435,806 Retained Earnings (143,392,998) (77,210,962) Net Income (3,295,075) Total Equity (122,252,267) (52,775,156) TOTAL LIABILITIES & EQUITY 77,205,951 151,395,934 (a) Note that zero balances reflect fact that the assets were sold to Binderholz Timber Inc in September, 2020.

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In re Klausner Lumber One LLC Case No. 2C0a-1se1 0N3o3. (2K0-B1O04)32 (MFW)Debtor Reporting Period: April 1 - 30, 2021 CERTIFICATION REGARDING CASH DISBURSEMENTS AND COMPLIANCE AND PAYMENT OF POSTPETITON TAXES I Michael Freeman, Chief Restructuring Officer of Klausner Lumber One LLC (the "Debtor"), hereby certify as follows: To the best of my knowledge and belief, the Debtor has filed all necessary tax returns and is current on all post-petition taxes, or is in the process of remediating any immaterial late filing or payments. By: /s/ Michael Freeman CMhaicrlhease Rl Feraeredmonan Chief Restructuring Officer May 19. 2021

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In re Klausner Lumber One LLC Case No. 20-11033 (KBO) Debtor Reporting Period: April 1 - 30, 2021 SUMMARY OF UNPAID POSTPETITION DEBTS MOR-4a Number of Days Past Due Current 0-30 31-60 61-90 Over 90 Total Accounts Payable 0 0 Total Postpetition Debts $ - $ - $ - $ - $ - $ -

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In re Klausner Lumber One LLC Case No. 20-11033 (KBO) Debtor Reporting Period: April 1 - 30, 2021 ACCOUNTS RECEIVABLE RECONCILIATION AND AGING MOR-5 Accounts Receivable Reconciliation Amount
Table 1 on page 14. Back to List of Tables
$ 28,159,400
0
0
$ 28,159,400
In re Klausner Lumber One LLC Case No. 20-11033 (KBO) Debtor Reporting Period: April 1 - 30, 2021 ACCOUNTS RECEIVABLE RECONCILIATION AND AGING MOR-5 Accounts Receivable Reconciliation AmountAccounts Receivable Aging Amount
Table 2 on page 14. Back to List of Tables
$ -
0
0
28,159,400
28,159,400
0
$ 28,159,400
In re Klausner Lumber One LLC Case No. 20-11033 (KBO) Debtor Reporting Period: April 1 - 30, 2021 ACCOUNTS RECEIVABLE RECONCILIATION AND AGING MOR-5 Accounts Receivable Reconciliation AmountAccounts Receivable Aging AmountDEBTOR QUESTIONNAIRE Must be completed each month Yes No
Table 3 on page 14. Back to List of Tables
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.
X
3. Have all postpetition tax returns been timely filed? 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 account has been opened
provide the required documentation pursuant to the Delaware Local Rule 4001-3.
X

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