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Full title: Debtor-In-Possession Monthly Operating Report for Filing Period February 2021 Filed by Suitable Technologies, Inc.. (Feldman, Betsy) (Entered: 03/22/2021)

Document posted on Mar 21, 2021 in the bankruptcy, 11 pages and 6 tables.

Bankrupt11 Summary (Automatically Generated)

Charles Reardon March 19, 2021Signature of Authorized Individual* Date Charles C. Reardon 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 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.(b) Including amounts paid into Young Conaway Stargatt &Taylor, LLP - Trust Account EscrowTHE FOLLOWING SECTION MUST BE COMPLETED TOTAL DISBURSEMENTS 27,031 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 27,031 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.

List of Tables

Page 1

UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE In re Suitable Technologies, Inc. Case No. 20-10432 (MFW) Debtor Reporting Period: Month Ended February 28, 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/ Charles Reardon March 19, 2021Signature of Authorized Individual* Date Charles C. Reardon 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 7816. The Debtor's mailing address is 921 East Charleston Road, Palo Alto, CA 94303.

Page 2

In re Suitable Technologies, Inc. Case No. 20-10432 (MFW) Debtor Reporting Period: Month Ended February 28, 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.

Page 3

In re Suitable Technologies, Inc. Case No. 20-10432 (MFW) Debtor Reporting Period: Month Ended February 28, 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
38,674
473,208
0
1
Collateral (a)
0
Other Cash (a)
0
None None
473,209
20,000
0
0
7,031
0
0
0 0 473,209
0
20,000
0
0
7,031
0
0
0
4,638,304
62,503
240,000
13,586
87,261
1,330,409
2,562,045
27,602
31,958
27,031 0 0 27,031 4,355,364
484,852 0 0 484,852 484,852
None None
(a) The Debtor has closed this account (b) Including amounts paid into Young Conaway Stargatt &Taylor, LLP - Trust Account EscrowTHE FOLLOWING SECTION MUST BE COMPLETED TOTAL DISBURSEMENTS 27,031 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 27,031

Page 4

In re Suitable Technologies, Inc. Case No. 20-10432 (MFW) Debtor Reporting Period: Month Ended February 28, 2021 BANK RECONCILIATIONS MOR-1a Bank Type Account A/C # Balance Silicon Valley Bank Operating Account X5446 $ 485,343Silicon Valley Bank Collateral Account X5497 0 (1) Fidelity Investments Other Cash XX28 0 (1) Total Bank Balance $ 485,343 (2) Add/Less: Reconciling Items (491) Book Balance $ 484,852 (1) The debtor has closed this account (2) 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.

Page 5

In re Suitable Technologies, Inc. Case No. 20-10432 (MFW) Debtor Reporting Period: Month Ended February 28, 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 Feb 26-Mar 31, 2020 309,154.67 YCST Escrow 04/28/20 301,805.00 7,349.67
Asgaard Capital LLC April, 2020 148,125.00 YCST Escrow 05/27/00 148,125.00
Asgaard Capital LLC May, 2020 76,283.00 YCST Escrow 06/22/20 76,283.00
Asgaard Capital LLC June, 2020 45,146.00 YCST Escrow 07/28/20 45,146.00
Asgaard Capital LLC July, 2020 50,015.50 YCST Escrow 09/11/20 50,015.50
Asgaard Capital LLC Aug, 2020 102,258.00 YCST Escrow 10/01/20 102,258.00
Asgaard Capital LLC Sep, 2020 68,090.00 YCST Escrow 10/28/20 65,596.00 2,494.00
Asgaard Capital LLC Oct, 2020 61,666.00 YCST Escrow 12/07/20 61,666.00
Asgaard Capital LLC Nov, 2020 61,980.50 YCST Escrow 12/23/20 45,458.00 16,522.50
Asgaard Capital LLC Dec, 2020 47,650.00 YCST Escrow 01/26/21 47,650.00
Asgaard Capital LLC Jan, 2021 34,452.00 YCST Escrow 02/22/21 34,452.00 978,454.50 26,366.17
Donlin Recano & Company Inc Feb 26-29, 2020 18,112.01 YCST Escrow 03/19/20 16,866.89 1,245.12
Donlin Recano & Company Inc March, 2020 8,876.40 YCST Escrow 05/19/20 8,876.40
Donlin Recano & Company Inc April, 2020 3,328.80 YCST Escrow 06/19/20 3,328.80
Donlin Recano & Company Inc First Interim Fee Ap 3,051.30 YCST Escrow 06/24/20 3,051.30
Donlin Recano & Company Inc March-July, 2020 70,696.71 YCST Escrow 08/25/20 70,696.71
Donlin Recano & Company Inc August, 2020 14,273.16 YCST Escrow 10/02/20 14,273.16
Donlin Recano & Company Inc September, 2020 8,647.91 YCST Escrow 11/12/20 8,647.91
Donlin Recano & Company Inc October, 2020 9,771.03 YCST Escrow 11/25/20 9,771.03
Donlin Recano & Company Inc Nov, 2020 8,733.34 YCST Escrow 12/16/20 8,733.34 144,245.54 1,245.12
Stout Risius Ross Advisors LLC Mar & April, 2020 52,443.70 YCST Escrow 05/06/20 50,000.00 2,443.70
Stout Risius Ross Advisors LLC May, 2020 25,000.00 YCST Escrow 06/09/20 25,000.00
Stout Risius Ross Advisors LLC June, 2020 25,000.00 YCST Escrow 06/19/20 25,000.00
Stout Risius Ross Advisors LLC July, 20220 25,000.00 YCST Escrow 07/29/20 25,000.00
Stout Risius Ross Advisors LLC August, 2020 25,000.00 YCST Escrow 08/19/20 25,000.00
Stout Risius Ross Advisors LLC Transaction fee 150,000.00 YCST Escrow 10/08/20 150,000.00 300,000.00 2,443.70

Page 6

Table 1 on page 6. Back to List of Tables
Young Conaway Stargatt & Taylor Feb 26-Mar 31, 2020 213,423.22 YCST Escrow 04/29/20 211,781.60 1,641.62
Young Conaway Stargatt & Taylor April, 2020 114,003.64 YCST Escrow 05/27/00 113,478.80 524.84
Young Conaway Stargatt & Taylor First Interim Fee Ap 81,315.10 YCST Escrow 06/24/20 81,315.10
Young Conaway Stargatt & Taylor May, 2020 51,603.79 YCST Escrow 06/30/20 51,448.00 155.79
Young Conaway Stargatt & Taylor June, 2020 44,395.45 YCST Escrow 07/29/20 44,262.00 133.45
Young Conaway Stargatt & Taylor July, 2020 53,212.30 YCST Escrow 08/28/20 53,036.80 175.50
Young Conaway Stargatt & Taylor Second Interim Fee Ap 37,186.70 YCST Escrow 09/15/20 37,186.70
Young Conaway Stargatt & Taylor Aug, 2020 133,092.67 YCST Escrow 10/05/20 132,782.80 309.87
Young Conaway Stargatt & Taylor Sep, 2020 75,022.83 YCST Escrow 10/28/20 73,476.40 1,546.43
Young Conaway Stargatt & Taylor Oct, 2020 37,532.11 YCST Escrow 12/05/20 37,362.40 169.71
Young Conaway Stargatt & Taylor Nov, 2020 33,852.36 YCST Escrow 12/30/20 33,736.40 115.96
Young Conaway Stargatt & Taylor Third Interim Fee Ap 60,905.40 YCST Escrow 12/31/20 60,905.40
Young Conaway Stargatt & Taylor Dec, 22020 23,104.42 YCST Escrow 02/02/21 23,028.00 76.42 953,800.40 4,849.59

Page 7

In re Suitable Technologies, Inc. Case No. 20-10432 (MFW) Debtor Reporting Period: Month Ended February 28, 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 7. Back to List of Tables
$ 745,715
1 20
$ 1 $ 745,735
45 672
20,000 240,000
3,289
22,100 989,623
62,503
1,133 49,131
5,982
605 28,009
170,004
11,846
2,100
14,866
45,806
454,312
43,883 2,078,143
$ (43,882) $ (1,332,408)
None
35,757 1,040,564
31,401 1,731,055
27,602
40,515
67,158 2,839,736
$ (111,040) $ (4,172,144)

Page 8

In re Suitable Technologies, Inc. Case No. 20-10432 (MFW) Debtor Reporting Period: Month Ended February 28, 2021 BALANCE SHEET MOR-3 As of February 25, 2020 ASSETS As of February 28, 2021 (Petition Date) Current Assets Silicon Valley Bank - Operating 484,852 89,652 Silicon Valley - Collateral 0 100,000 Fidelity Investments - Other 0 12,260 Total Checking 484,852 201,912 Other Current Assets Inventory 0 74,029 Inventory Assets 0 78,842 Inventory Consignment Blue Ocean 0 327,044 Inventory Finished Goods 0 90,832 Inventory Raw Materials 0 90,788 Inventory Work in Progress 0 15,000 Notes Receivable 0 97,351 Prepaid Expenses 256,309 273,740 YCST - Professional Escrow A/C 123,167 0 Total Other Current Assets 379,476 1,047,627 Total Current Assets 864,328 1,249,539 Fixed Assets Computer Equipment 0 19,620 Machinery & Equipment 0 24,394 Office Furniture 0 4,355 Patents 0 31,146 Total Fixed Assets 0 79,515 Other Assets Leased Assets 0 25,305 Total Other Assets 0 25,305 TOTAL ASSETS 864,328 1,354,358 LIABILITIES & EQUITY Liabilities Current Liabilities SVB Credit Card 0 0 Accounts Payable 0 0 Accrued Expenses 158,442 0 Notes Payable - DIP 3,898,208 0 Total Current Liabilities 4,056,650 0 Long Term Liabilities Liabilities Subject to Compromise (pre-petition) 101,580,117 101,580,117Total Long Term Liabilities 101,580,117 101,580,117 Total Liabilities 105,636,767 101,580,117 Equity Common Stock 6,644 6,644 Opening Balance Equity (71,613,324) (71,613,324) Retained Earnings (32,913,886) (26,869,575) Net Income (251,873) (1,749,504) Total Equity (104,772,439) (100,225,758) TOTAL LIABILITIES & EQUITY 864,328 1,354,358 (a) Note that zero balances reflect fact that the assets were sold to Blue Ocean in August, 2020.

Page 9

In re Suitable Technologies, Inc. Case No. 2C0a-1se0 4N3o2. (2M0-F1W04)32 (MFW)Debtor Reporting Period: Month Ended February 28, 2021 CERTIFICATION REGARDING CASH DISBURSEMENTS AND COMPLIANCE AND PAYMENT OF POSTPETITON TAXES I, Charles Reardon, Chief Restructuring Officer of Suitable Technologies, Inc. (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/ Charles Reardon Charles Reardon Chief Restructuring Officer March 19, 2021

Page 10

In re Suitable Technologies, Inc. Case No. 20-10432 (MFW) Debtor Reporting Period: Month Ended February 28, 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 $ - $ - $ - $ - $ - $ -

Page 11

In re Suitable Technologies, Inc. Case No. 20-10432 (MFW) Debtor Reporting Period: Month Ended February 28, 2021 ACCOUNTS RECEIVABLE RECONCILIATION AND AGING MOR-5 Accounts Receivable Reconciliation Amount
Table 1 on page 11. Back to List of Tables
$ -
0
0
$ -
In re Suitable Technologies, Inc. Case No. 20-10432 (MFW) Debtor Reporting Period: Month Ended February 28, 2021 ACCOUNTS RECEIVABLE RECONCILIATION AND AGING MOR-5 Accounts Receivable Reconciliation AmountAccounts Receivable Aging Amount
Table 2 on page 11. Back to List of Tables
$ -
0
0
0
0
0
$ -
In re Suitable Technologies, Inc. Case No. 20-10432 (MFW) Debtor Reporting Period: Month Ended February 28, 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 11. 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