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Monthly Operating Report, Chapter 11 — In re Buddy Mac Holdings, LLC

Summary

A Chapter 11 Monthly Operating Report (UST Form 11-MOR) for Buddy Mac Holdings, LLC, Lead Case No. 25-34839, jointly administered in the United States Bankruptcy Court for the Northern District of Texas, Dallas Division, for the reporting period ended 03/31/2026, filed June 30, 2026 as Doc 453. It reports a beginning cash balance of $564,015, receipts of $783, disbursements of $3,649 and an end-of-month cash balance of $561,150. Part 2 lists prepetition unsecured debt of $32,414,675 and total liabilities of $32,834,178, and Part 3 reports a cumulative $1,826,480 cash sales price for assets sold outside the ordinary course of business. The report is signed /s/ Mark Shapiro, Chief Restructuring Officer, dated 04/17/2026.

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“Monthly Operating Report, Chapter 11 — In re Buddy Mac Holdings, LLC.” Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/453-monthly-operating-report-2026-03-b6d2a78591/, SHA-256 385a0798471acaa3bd6f8a11136598fd004b47ba43516143870b0f5b748b2c50.

Full text

       Case 25-34839-mvl7              Doc 453      Filed 06/30/26 Entered 06/30/26 22:49:21                              Desc Main
                                                   Document     Page 1 of 12


                                       UNITED STATES BANKRUPTCY COURT
                                                Northern DISTRICT OF Texas
                                                               Dallas Division


In Re.                                                             §                    Case No. 25-34839
         Buddy Mac Holdings, LLC                                   §
                                                                   §                    Lead Case No.      25-34839
                      Debtor(s)                                    §
                                                                                            Jointly Administered

Monthly Operating Report                                                                                                    Chapter 11

Reporting Period Ended: 03/31/2026                                                        Petition Date: 12/04/2025

Months Pending: 4                                                                         Industry Classification:    5     5   1   1

Reporting Method:                              Accrual Basis                         Cash Basis

Debtor's Full-Time Employees (current):                                          0

Debtor's Full-Time Employees (as of date of order for relief):                   0



Supporting Documentation (check all that are attached):
(For jointly administered debtors, any required schedules must be provided on a non-consolidated basis for each debtor)

         Statement of cash receipts and disbursements
         Balance sheet containing the summary and detail of the assets, liabilities and equity (net worth) or deficit
         Statement of operations (profit or loss statement)
         Accounts receivable aging
         Postpetition liabilities aging
         Statement of capital assets
         Schedule of payments to professionals
         Schedule of payments to insiders
         All bank statements and bank reconciliations for the reporting period
         Description of the assets sold or transferred and the terms of the sale or transfer




/s/ Kyle Woodard                                                            Kyle Woodard
Signature of Responsible Party                                              Printed Name of Responsible Party
04/17/2026
Date
                                                                            901 Main Street, Suite 5200, Dallas, TX 75202
                                                                            Address



STATEMENT: This Periodic Report is associated with an open bankruptcy case; therefore, Paperwork Reduction Act exemption 5 C.F.R. §
1320.4(a)(2) applies.

UST Form 11-MOR (12/01/2021)                                        1
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                                                        Document     Page 2 of 12
Debtor's Name                                                                                      Case No. 25-34839
                 Buddy Mac Holdings, LLC
Part 1: Cash Receipts and Disbursements                                            Current Month            Cumulative

a.   Cash balance beginning of month                                                          $564,015
b.   Total receipts (net of transfers between accounts)                                             $783                 $598,324
c.   Total disbursements (net of transfers between accounts)                                       $3,649                 $71,511
d.   Cash balance end of month (a+b-c)                                                        $561,150
e.   Disbursements made by third party for the benefit of the estate                                  $0               $1,826,480
f.   Total disbursements for quarterly fee calculation (c+e)                                       $3,649              $1,897,991
Part 2: Asset and Liability Status                                                 Current Month
(Not generally applicable to Individual Debtors. See Instructions.)
a. Accounts receivable (total net of allowance)                                                       $0
b.   Accounts receivable over 90 days outstanding (net of allowance)                                  $0
c.   Inventory       ( Book       Market       Other       (attach explanation))                      $0
d    Total current assets                                                                             $0
e.   Total assets                                                                                     $0
f.   Postpetition payables (excluding taxes)                                                  $415,020
g.   Postpetition payables past due (excluding taxes)                                                 $0
h.   Postpetition taxes payable                                                                       $0
i.   Postpetition taxes past due                                                                      $0
j.   Total postpetition debt (f+h)                                                            $415,020
k.   Prepetition secured debt                                                                         $0
l.   Prepetition priority debt                                                                     $4,484
m. Prepetition unsecured debt                                                               $32,414,675
n.   Total liabilities (debt) (j+k+l+m)                                                     $32,834,178
o.   Ending equity/net worth (e-n)                                                         $-32,834,178

Part 3: Assets Sold or Transferred                                                 Current Month            Cumulative


a.   Total cash sales price for assets sold/transferred outside the ordinary
     course of business                                                                               $0               $1,826,480
b.   Total payments to third parties incident to assets being sold/transferred
     outside the ordinary course of business                                                          $0               $1,826,480
c.   Net cash proceeds from assets sold/transferred outside the ordinary
     course of business (a-b)                                                                         $0                      $0

Part 4: Income Statement (Statement of Operations)                                 Current Month            Cumulative
(Not generally applicable to Individual Debtors. See Instructions.)
a. Gross income/sales (net of returns and allowances)                                                 $0
b.   Cost of goods sold (inclusive of depreciation, if applicable)                                    $0
c.   Gross profit (a-b)                                                                               $0
d.   Selling expenses                                                                                 $0
e.   General and administrative expenses                                                              $0
f.   Other expenses                                                                                   $0
g.   Depreciation and/or amortization (not included in 4b)                                            $0
h.   Interest                                                                                         $0
i.   Taxes (local, state, and federal)                                                                $0
j.   Reorganization items                                                                             $0
k.   Profit (loss)                                                                                    $0               $2,857,572


UST Form 11-MOR (12/01/2021)                                           2
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Debtor's Name                                                                                                Case No. 25-34839
                Buddy Mac Holdings, LLC
Part 5: Professional Fees and Expenses

                                                                                  Approved      Approved        Paid Current       Paid
                                                                                Current Month   Cumulative         Month         Cumulative
a.     Debtor's professional fees & expenses (bankruptcy) Aggregate Total

       Itemized Breakdown by Firm
                Firm Name                          Role
       i
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       vi
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       ix
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       xxxvi


UST Form 11-MOR (12/01/2021)                                                3
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Debtor's Name                                                                    Case No. 25-34839
                 Buddy Mac Holdings, LLC
       xxxvii
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UST Form 11-MOR (12/01/2021)                              4
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Debtor's Name                                                                                               Case No. 25-34839
                 Buddy Mac Holdings, LLC
       lxxix
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       lxxxii
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       c
       ci

                                                                                 Approved      Approved        Paid Current       Paid
                                                                               Current Month   Cumulative         Month         Cumulative
b.     Debtor's professional fees & expenses (nonbankruptcy) Aggregate Total

       Itemized Breakdown by Firm
                 Firm Name                        Role
       i
       ii
       iii
       iv
       v
       vi
       vii
       viii
       ix
       x
       xi
       xii
       xiii
       xiv


UST Form 11-MOR (12/01/2021)                                              5
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Debtor's Name                                                                   Case No. 25-34839
                Buddy Mac Holdings, LLC
       xv
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       l
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UST Form 11-MOR (12/01/2021)                             6
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Debtor's Name                                                                    Case No. 25-34839
                 Buddy Mac Holdings, LLC
       lvii
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UST Form 11-MOR (12/01/2021)                              7
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Debtor's Name                                                                                 Case No. 25-34839
                Buddy Mac Holdings, LLC
         xcix
         c
c.       All professional fees and expenses (debtor & committees)




Part 6: Postpetition Taxes                                                          Current Month             Cumulative

a.   Postpetition income taxes accrued (local, state, and federal)                                  $0                          $0
b.   Postpetition income taxes paid (local, state, and federal)                                     $0                          $0
c.   Postpetition employer payroll taxes accrued                                                    $0                          $0
d.   Postpetition employer payroll taxes paid                                                       $0                          $0
e.   Postpetition property taxes paid                                                               $0                          $0
f.   Postpetition other taxes accrued (local, state, and federal)                                   $0                          $0
g.   Postpetition other taxes paid (local, state, and federal)                                      $0                          $0

Part 7: Questionnaire - During this reporting period:

a.   Were any payments made on prepetition debt? (if yes, see Instructions)   Yes       No
b.   Were any payments made outside the ordinary course of business           Yes        No
     without court approval? (if yes, see Instructions)
c.   Were any payments made to or on behalf of insiders?                      Yes        No
d.   Are you current on postpetition tax return filings?                      Yes        No
e.   Are you current on postpetition estimated tax payments?                  Yes        No
f.   Were all trust fund taxes remitted on a current basis?                   Yes        No
g.   Was there any postpetition borrowing, other than trade credit?           Yes        No
     (if yes, see Instructions)
h.   Were all payments made to or on behalf of professionals approved by      Yes        No    N/A
     the court?
i.   Do you have:            Worker's compensation insurance?                 Yes        No
                                 If yes, are your premiums current?           Yes        No    N/A       (if no, see Instructions)
                             Casualty/property insurance?                     Yes        No
                                 If yes, are your premiums current?           Yes        No    N/A       (if no, see Instructions)
                             General liability insurance?                     Yes        No
                                 If yes, are your premiums current?           Yes        No    N/A       (if no, see Instructions)
j.   Has a plan of reorganization been filed with the court?                  Yes        No
k.   Has a disclosure statement been filed with the court?                    Yes        No
l.   Are you current with quarterly U.S. Trustee fees as                      Yes        No
     set forth under 28 U.S.C. § 1930?




UST Form 11-MOR (12/01/2021)                                          8
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                                                         Document     Page 9 of 12
Debtor's Name                                                                                                 Case No. 25-34839
                   Buddy Mac Holdings, LLC
Part 8: Individual Chapter 11 Debtors (Only)

a.      Gross income (receipts) from salary and wages                                                               $0
b.      Gross income (receipts) from self-employment                                                                $0
c.      Gross income from all other sources                                                                         $0
d.      Total income in the reporting period (a+b+c)                                                                $0
e.      Payroll deductions                                                                                          $0
f.      Self-employment related expenses                                                                            $0
g.      Living expenses                                                                                             $0
h.      All other expenses                                                                                          $0
i.      Total expenses in the reporting period (e+f+g+h)                                                            $0
j.      Difference between total income and total expenses (d-i)                                                    $0
k.      List the total amount of all postpetition debts that are past due                                           $0
l. Are you required to pay any Domestic Support Obligations as defined by 11            Yes       No
   U.S.C § 101(14A)?
m. If yes, have you made all Domestic Support Obligation payments?                      Yes       No        N/A

                                                      Privacy Act Statement
28 U.S.C. § 589b authorizes the collection of this information, and provision of this information is mandatory under 11 U.S.C.
§§ 704, 1106, and 1107. The United States Trustee will use this information to calculate statutory fee assessments under 28
U.S.C. § 1930(a)(6). The United States Trustee will also use this information to evaluate a chapter 11 debtor's progress through
the bankruptcy system, including the likelihood of a plan of reorganization being confirmed and whether the case is being
prosecuted in good faith. This information may be disclosed to a bankruptcy trustee or examiner when the information is
needed to perform the trustee's or examiner's duties or to the appropriate federal, state, local, regulatory, tribal, or foreign law
enforcement agency when the information indicates a violation or potential violation of law. Other disclosures may be made
for routine purposes. For a discussion of the types of routine disclosures that may be made, you may consult the Executive
Office for United States Trustee's systems of records notice, UST-001, "Bankruptcy Case Files and Associated Records." See 71
Fed. Reg. 59,818 et seq. (Oct. 11, 2006). A copy of the notice may be obtained at the following link: http://www.justice.gov/ust/
eo/rules_regulations/index.htm. Failure to provide this information could result in the dismissal or conversion of your
bankruptcy case or other action by the United States Trustee. 11 U.S.C. § 1112(b)(4)(F).


I declare under penalty of perjury that the foregoing Monthly Operating Report and its supporting
documentation are true and correct and that I have been authorized to sign this report on behalf of the estate.




/s/ Mark Shapiro                                                                Mark Shapiro
Signature of Responsible Party                                                  Printed Name of Responsible Party

Chief Restructuring Officer                                                     04/17/2026
Title                                                                           Date




UST Form 11-MOR (12/01/2021)                                                9
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Debtor's Name                                                                Case No. 25-34839
                Buddy Mac Holdings, LLC




                                                    PageOnePartOne




                                                    PageOnePartTwo




                                                     PageTwoPartOne




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UST Form 11-MOR (12/01/2021)                             10
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Debtor's Name                                                                Case No. 25-34839
                Buddy Mac Holdings, LLC




                                                      Bankruptcy1to50




                                                     Bankruptcy51to100




                                                    NonBankruptcy1to50




                                                   NonBankruptcy51to100




UST Form 11-MOR (12/01/2021)                              11
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Debtor's Name                                                                Case No. 25-34839
                Buddy Mac Holdings, LLC




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UST Form 11-MOR (12/01/2021)                            12


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