UNITED STATES BANKRUPTCY COURT

SOUTHERN DISTRICT OF FLORIDA

FORT LAUDERDALE DIVISION

IN RE:	\|	CASE NUMBER
	\|	12-19084-RBR
SMF Energy Corporation	\|
DEBTOR.	\|	JUDGE: Raymond B. Ray
	\|
	\|	CHAPTER 11
	\|

DEBTOR'S STANDARD MONTHLY OPERATING REPORT (BUSINESS)

FOR THE PERIOD

FROM 05/1/2012 TO 05/31/2012

Comes now the above named debtor and files its Monthly Operating Reports in accordance with the Guidelines established by the United States Trustee and FRBP 2015.


		Attorney for Debtor's Signature

Debtor's Address		Attorney's Address
and Phone Number:		and Phone Number:
c/o Soneet R. Kapila, CRO		Genovese Joblove & Battista, P.A.
200 W. Cypress Creek Road		200 East Broward Blvd.
Suite 400		Suite 1100
Ft. Lauderdale, Fl 33009		Ft. Lauderdale, FL 33301
		(954) 453-8000

Note: The original Monthly Operating Report is to be filed with the court and a copy simultaneously provided to the United States Trustee Office. Monthly Operating Reports must be filed by the 20th day of the following month.

For assistance in preparing the Monthly Operating Report, refer to the following resources on the United States Trustee Program Website, http://www.usdoj.gov/ust/r21/index.htm.

Instructions for Preparations of Debtor's Chapter 11 Monthly Operating Report

Initial Filing Requirements

Frequently Asked Questions (FAQs) http://www.usdoj.gov/ust/.

MOR-1

SCHEDULE OF RECEIPTS AND DISBURSEMENTS

FOR THE PERIOD BEGINNING 05/1/2012 AND ENDING 05/31/2012

Name of Debtor:	SMF Energy Corporation	Case Number:		12-19084-RBR
Date of Petition:	April 15, 2012

		CURRENT			CUMULATIVE
		MONTH			PETITION TO DATE
1.	FUNDS AT BEGINNING OF PERIOD [NOTE 1]	$	8,896,528.03	(a)	$	91,372.14	(b)
2.	RECEIPTS:
	A. Cash Sales		-			-
	Minus: Cash Refunds		-			-
	Net Cash Sales		-			-
	B. Accounts Receivable		3,694,386.62			10,530,085.91
	C. Other Receipts (See MOR-3)		44,162.12			3,058,234.53
	(If you receive rental income, you must attach rent roll.)
3.	TOTAL RECEIPTS (Lines 2A+2B+2C)		3,738,548.74			13,588,320.44
4.	TOTAL FUNDS AVAILABLE FOR OPERATIONS (Line 1 + Line 3)		12,635,076.77			13,679,692.58

5.	DISBURSEMENTS
	A. Advertising		-			-
	B. Bank Charges		8,249.75			8,249.75
	C. Contract Labor		14,999.43			14,999.43
	D. Fixed Asset Payments (not incl. in "N")		-			-
	E. Insurance		109,905.76			220,435.16
	F. Inventory Payments (See Attach. 2)		30,953.29			150,316.02
	G. Leases		-			-
	H. Manufacturing Supplies		-			-
	I. Office Supplies		12,620.64			12,620.64
	J. Payroll - Net (See Attachment 4B)		180,764.04			439,137.90
	K. Professional Fees (Accounting & Legal)		677,934.04			681,009.04
	L. Rent		119,101.11			119,101.11
	M. Repairs & Maintenance		-			75.82
	N. Secured Creditor Payments (See Attach. 2)		124,054.88			124,054.88
	O. Taxes Paid - Payroll (See Attachment 4C)		61,670.66			152,300.12
	P. Taxes Paid - Sales & Use (See Attachment 4C)		87,812.15			539,525.47
	Q. Taxes Paid - Other (See Attachment 4C)		-			-
	R. Telephone		8,263.26			8,708.74
	S. Travel & Entertainment		11,247.51			18,011.53
	Y. U.S. Trustee Quarterly Fees		-			-
	U. Utilities		1,541.18			1,541.18
	V. Vehicle Expenses		-			-
	W. Other Operating Expenses (See MOR-3)		3,072,192.61			3,075,839.33
6.	TOTAL DISBURSEMENTS (Sum of 5A thru W)		4,521,310.31			5,565,926.12
7.	*ENDING BALANCE (Line 4 Minus Line 6)* [NOTE 1]**	$	8,113,766.46	(c)	$	8,113,766.46	(c)

NOTE 1: All available funds are applied to the Wells Fargo revolving loan balance

I declare under penalty of perjury that this statement and the accompanying documents and reports are true and correct to the best of my knowledge and belief.

This 20th day of June, 2012		/s/ Soneet R. Kapila
		Soneet R. Kapila, Chief Restructuring Officer

(a)

This number is carried forward from last month's report. For the first report only, this number will be the balance as of the petition date.

(b)

This figure will not change from month to month. It is always the amount of funds on hand as of the date of the petition.

(c)

These two amounts will always be the same if form is completed correctly.

MOR-2

MONTHLY SCHEDULE OF RECEIPTS AND DISBURSEMENTS (cont'd)

Detail of Other Receipts and Other Disbursements

OTHER RECEIPTS:

Describe Each Item of Other Receipt and List Amount of Receipt. Write totals on Page MOR-2, Line 2C.

Description	Current Month		Cumulative Petition to Date
Refunds	$	44,162.12	$	65,218.04
Rejected wires		-		1,198,133.61
Intercompany - H&W		-		1,794,882.88
		-		-
		-		-
		-		-
		-		-
		-		-
		-		-
TOTAL OTHER RECEIPTS	$	44,162.12	$	3,058,234.53

"Other Receipts" includes Loans from Insiders and other sources (i.e. Officer/Owner, related parties, directors, related corporations, etc.) Please describe below:

OTHER DISBURSEMENTS:

Describe Each Item of Other Disbursement and List Amount of Disbursement. Write totals on Page MOR-2, Line 5W.

Description	Current Month		Cumulative Petition to Date
401K	$	6,009.34	$	6,009.34
Credit card fees		2,491.52		2,491.52
Deposit to Escrow for H&W Sale		2,500.00		2,500.00
Intercompany - H&W		3,045,051.89		3,045,051.89
Intercompany - SSI		7,520.09		7,520.09
ADP payroll fees		625.10		625.10
Misc. other disbursements		4,279.82		7,926.54
Petty cash (employee reimb.)		3,714.85		3,714.85
TOTAL OTHER DISBURSEMENTS	$	3,072,192.61	$	3,075,839.33

NOTE: Attach a current Balance Sheet and Income (Profit & Loss) Statement.

MOR-3

ATTACHMENT 1

MONTHLY ACCOUNTS RECEIVABLE RECONCILIATION AND AGING

Name of Debtor:

SMF Energy Corporation

Case Number:

12-19084-RBR

Reporting Period beginning 05/1/2012 and ending 05/31/2012

ACCOUNTS RECEIVABLE AT PETITION DATE:

11,505,148.43

ACCOUNTS RECEIVABLE RECONCILIATION

(include all accounts receivable, pre-petition and post-petition, including charge card sales which have not been received):

Beginning of Month Balance:	$	5,622,624.22	(a)
PLUS: Current Month New Billings	$	290,170.52
MINUS: Collections During the Month	$	(3,694,386.62	)(b)
PLUS/MINUS: Adjustments of Write-offs	$	-	*
End of Month Balance	$	2,218,408.12	(c)

*For any adjustments or Write-offs provide explanation and supporting documentation, if applicable:

POST PETITION ACCOUNTS RECEIVABLE AGING

(Show the total amount for each aging category for all accounts receivable)

0-30 Days			31-60 Days		61-90 Days		Over 90 Days		Total

$	(17,374.44	)	$	974,217.99	$	332,913.26	$	928,651.31	$	2,218,408.12	(c)

For any receivables in the "Over 90 Days" category, please provide the following:

Customer	Receivable Date	Status (Collection efforts taken, estimate of collectibility, write- off, disputed account, etc.)

See attached

(a) This number is carried forward from last month's report. For the first report only, this number will be the balance as of the petition date.

(b) This must equal the number reported in the "Current Month" column of Schedule of Receipts and Disbursements (Page MOR-2, Line 2B).

MOR-4

ATTACHMENT 2

MONTHLY ACCOUNTS PAYABLE AND SECURED PAYMENTS REPORT

Name of Debtor:

SMF Energy Corporation

Case Number:

12-19084-RBR

Reporting Period beginning 05/1/2012 and ending 05/31/2012

In the space below list all invoices or bills incurred and not paid since the filing of the petition. Do not include amounts owed prior to filing the petition. In the alternative, a computer generated list of payables may be attached provided all information requested below is included.

POST-PETITION ACCOUNTS PAYABLE

Date Incurred	Days Outstanding	Vendor	Description	Amount
				$	-
See attached					-
					-
					-
					-
					-
					-
TOTAL AMOUNT				$	-	(b)

¨	Check here is pre-petition debts have been paid. Attach an explanation and copies of supporting documentation.

ACCOUNTS PAYABLE RECONCILIATION (Post Petition Unsecured Debt Only):

Opening balance	$	13,568,474.01	(a)
PLUS: New Indebtedness Incurred This Month		804,729.18
MINUS: Amount Paid on Post Petition,
Accounts Payable This Month		(680,474.29	)
PLUS/MINUS: Adjustments		(13,568,474.01	)*
Ending Month Balance	$	124,254.89	(c)

*For any adjustments provided explanation and supporting documentation, if applicable.

The previous month MOR included pre-petition A/P and this adjustment corrects the A/P to include only post-petition activity.

SECURED PAYMENTS REPORT

List the status of Payments to Secured Creditors and Lessors (Post Petition Only). If you have entered into a modification agreement with a secured creditor/lessor, consult with your attorney and the United States Trustee Program prior to completing this section.

Secured Creditor / Lessor	Date Payment Due This Month	Amount Paid This Month			Number of Post Petition Payments Delinquent	Total Amount of Post Petition Payments Delinquent
Wells Fargo Bank	5/1/2012		124,054.88		0	$	-





TOTAL		$	124,054.88	(d)

(a) This number is carried from last month's report. For the first report only, this number will be zero.

(b,c)The total of line (b) must equal line (c).

(d)This number is reported in the "Current Month" column of Schedule of Receipts and Disbursements (Page MOR-2, Line 5N).

MOR-5

ATTACHMENT 3

INVENTORY AND FIXED ASSET REPORT

Name of Debtor:

SMF Energy Corporation

Case Number:

12-19084-RBR

Reporting Period beginning 05/1/2012 and ending 05/31/2012

INVENTORY REPORT

INVENTORY BALANCE AT PETITION DATE:	$	368,863.00
INVENTORY RECONCILIATION:
Inventory Balance at Beginning of Month	$	-	(a)
PLUS: Inventory Purchased During Month	$	30,953.29
MINUS: Inventory Used or Sold	$	(30,953.29	)
PLUS/MINUS: Adjustments or Write-downs	$	-	*
Inventory on Hand at End of Month	$	-

METHOD OF COSTING INVENTORY:	FIFO

*For any adjustments or write-downs provide explanation and supporting documentation, if applicable.

INVENTORY AGING

Less than 6 months old		6 months to 2 years old		Greater than 2 years old		Considered Obsolete			Total Inventory

0.00	%	0.00	%	0.00	%	0.00	%	=	0	%*

	*Aging Percentages must equal 100%
£	Check here if inventory contains perishable items.

	Description of Obsolete Inventory:

	FIXED ASSET REPORT

FIXED ASSETS FAIR MARKET VALUE AT PETITION DATE:		$	3,744,475	(b)
(Includes Property, Plant and Equipment)

BRIEF DESCRIPTION: (First Report Only):	Vehicles, furnishings, office equipment, machinery, etc.

FIXED ASSETS RECONCILIATION:
Fixed Asset Book Value at Beginning of Month	$	3,744,475	(a)(b)
MINUS: Depreciation Expense	$	-
PLUS: New purchases	$	-
PLUS/MINUS: Adjustments or Write-downs	$	-	*
Ending Monthly Balance	$	3,744,475

*For any adjustments or write-downs, provide explanation and supporting documentation, if applicable.

BRIEF DESCRIPTION OF FIXED ASSETS PURCHASED OR DISPOSED OF DURING THE REPORTING

PERIOD:

(a)

This number is carried forward from last month's report. For the first report only, this number will be the balance as of the petition date.

(b)

Fair Market Value is the amount at which fixed assets could be sold under current economic conditions. Book Value is the cost of the fixed assets minus accumulated depreciation and other adjustments.

MOR-6

ATTACHMENT 4A

MONTHLY SUMMARY OF BANK ACTIVITY - OPERATING ACCOUNT

Name of Debtor:

SMF Energy Corporation

Case Number:

12-19084-RBR

Reporting Period beginning 05/1/2012 and ending 05/31/2012

Attach a copy of current month bank statement and bank reconciliation to this Summary of Bank Activity. A standard bank reconciliation form can be found at http://www.usdoj.gov/ust/r21/index.htm. If bank accounts other than the three required by the United States Trustee Program are necessary, permission must be obtained from the United States Trustee prior to opening the accounts. Additionally, use of less than the three required bank accounts must be approved by the United States Trustee.

NAME OF BANK:	Wells Fargo	BRANCH:	Cypress Creek Road

ACCOUNT NAME:	SMF Energy Corporation	ACCOUNT NUMBER:	4124321431
	Debtor In Possession
	Chapter 11 Case No. 12-19084-RBR
	Accounts Payable Account

PURPOSE OF ACCOUNT:

Operating

Ending Balance Per Bank Statement	$	-
Plus Total Amount of Outstanding Deposits	$	-
Minus Total Amount of Outstanding Checks and other debits	$	(130,236.72	)*
Minus Service Charges	$	-
Ending Balance Per Check Register	$	(130,236.72)	**(a)

*Debit cards are used by ___________________________________________________

**If Closing Balance is negative, provide explanation:_____________________________

Since this account is setup as a ZBA account, it is only funded when the checks are presented to the bank. The funds will be automatically transferred by the bank from the Master Funding account to the A/P account when a check is presented against the account. Accordingly any outstanding checks will reflect as a negative balance until the checks are presented to the bank.

The following disbursements were paid in Cash (do not include items reported as Petty Cash on Attachment 4D:

(¨ Check here if cash disbursements were authorized by United States Trustee)

Date	Amount		Payee	Purpose	Reason for Cash Disbursement
	$	-

TRANSFERS BETWEEN DEBTOR IN POSSESSION ACCOUNTS

"Total Amount of Outstanding Checks and other debits", listed above includes:

$	-		Transferred to Payroll Account
$	-		Transferred to Tax Account

(a) The total of this line on Attachment 4A, 4B, and 4C plus the total of 4D must equal the amount reported as "Ending Balance" on Schedule of Receipts and Disbursements (Page MOR-2, Line 7).

MOR-7

ATTACHMENT 5A

CHECK REGISTER- OPERATING ACCOUNT

Name of Debtor:

SMF Energy Corporation

Case Number:

12-19084-RBR

Reporting Period beginning 05/1/2012 and ending 05/31/2012

NAME OF BANK:	Wells Fargo	BRANCH:	Cypress Creek Road

ACCOUNT NAME:	SMF Energy Corporation
	Debtor In Possession
	Chapter 11 Case No. 12-19084-RBR
	Accounts Payable Account

ACCOUNT NUMBER:	4124321431

PURPOSE OF ACCOUNT:	Operating

Account for all disbursements, including voids, lost checks, stop payments, etc. In the alternative, a computer generated check register can be attached to this report, provided all the information requested below is included.

Date

Check Number

Payee

Purpose

Amount

See Attachment

TOTAL

MOR-8

ATTACHMENT 4B

MONTHLY SUMMARY OF BANK ACTIVITY - PAYROLL ACCOUNT

Name of Debtor:

SMF Energy Corporation

Case Number:

12-19084-RBR

Reporting Period beginning 05/1/2012 and ending 05/31/2012

Attach a copy of current month bank statement and bank reconciliation to this Summary of Bank Activity. A standard bank reconciliation form can be found at http://www.usdoj.gov/ust/r21/index.htm.

NAME OF BANK:	Wells Fargo	BRANCH:	Cypress Creek Road

ACCOUNT NAME:	SMF Energy Corporation	ACCOUNT NUMBER:	2000011121866
	FKA Streicher Mobile Fueling Inc.
	Debtor In Possession
	Chapter 11 Case No. 12-19084-RBR

PURPOSE OF ACCOUNT:

Payroll

Ending Balance per Bank Statement	$	18,999.55
Plus Total Amount of Outstanding Deposits	$	-
Minus Total Amount of Outstanding Checks and other debits		*
Minus Service Charges	$	-
Ending Balance Per Check Register	$	18,999.55	**(a)

*Debit cards must not be issued on this account.

**If Closing Balance is negative, provide explanation:_______________________________

The following disbursements were paid in Cash: (¨ Check here if cash disbursements were authorized by United States Trustee)

Date	Amount	Payee	Purpose	Reason for Cash Disbursement

The following non-payroll disbursements were made from this account:

Date	Amount	Payee	Purpose	Reason for Cash Disbursement

(a) The total of this line on Attachment 4A, 4B, and 4C plus the total of 4D must equal the amount reported as "Ending Balance" on Schedule of Receipts and Disbursements (Page MOR-2, Line 7).

MOR-9

ATTACHMENT 5B

CHECK REGISTER- PAYROLL ACCOUNT

Name of Debtor:

SMF Energy Corporation

Case Number:

12-19084-RBR

Reporting Period beginning 05/1/2012 and ending 05/31/2012

NAME OF BANK:	Wells Fargo	Branch:	Cypress Creek Road

ACCOUNT NAME:	SMF Energy Corporation
	FKA Streicher Mobile Fueling Inc.
	Debtor In Possession
	Chapter 11 Case No. 12-19084-RBR


ACCOUNT NUMBER:	2000011121866

PURPOSE OF ACCOUNT:

Payroll

Date	Check Number	Payee	Purpose	Amount

See Attachment




















TOTAL				$	-

MOR-10

ATTACHMENT 4C

MONTHLY SUMMARY OF BANK ACTIVITY - MASTER FUNDING ACCOUNT

Name of Debtor:

SMF Energy Corporation

Case Number:

12-19084-RBR

Reporting Period beginning 05/1/2012 and ending 05/31/2012

NAME OF BANK:	Wells Fargo	BRANCH:	Cypress Creek Road

ACCOUNT NAME:	SMF Energy Corporation	ACCOUNT NUMBER:	4124321423
	Debtor In Possession
	Chapter 11 Case No. 12-19084-RBR
	Master Funding Account

PURPOSE OF ACCOUNT:

Master Funding Account

Ending Balance Per Bank Statement	$	3,025,216.31
Plus Total Amount of Outstanding Deposits	$	-
Minus Total Amount of Outstanding Checks and other debits	$	-	*
Minus Service Charges	$	-
Ending Balance Per Check Register	$	3,025,216.31	**(a)

*Debit cards are used by ___________________________________________________

**If Closing Balance is negative, provide explanation:_____________________________

The following disbursements were paid in Cash (do not include items reported as Petty Cash on Attachment 4D:

(¨ Check here if cash disbursements were authorized by United States Trustee)

Date	Amount		Payee	Purpose	Reason for Cash Disbursement
	$	-

TRANSFERS BETWEEN DEBTOR IN POSSESSION ACCOUNTS

"Total Amount of Outstanding Checks and other debits", listed above includes:

$	-		Transferred to Payroll Account
$	-		Transferred to Tax Account

(a) The total of this line on Attachment 4A, 4B, and 4C plus the total of 4D must equal the amount reported as "Ending Balance" on Schedule of Receipts and Disbursements (Page MOR-2, Line 7).

MOR-11

ATTACHMENT 5C

CHECK REGISTER- MASTER FUNDING ACCOUNT

Name of Debtor:

SMF Energy Corporation

Case Number:

12-19084-RBR

Reporting Period beginning 05/1/2012 and ending 05/31/2012

NAME OF BANK:	Wells Fargo	Branch:	Cypress Creek Road

ACCOUNT NAME:	SMF Energy Corporation
	Debtor In Possession
	Chapter 11 Case No. 12-19084-RBR
	Master Funding Account

ACCOUNT NUMBER:	4124321423

PURPOSE OF ACCOUNT:	Master Funding Account

Date	Check Number	Payee	Purpose		Amount

See Attachment				$	-










TOTAL				$	-	(d)

MOR-12

ATTACHMENT 4D

MONTHLY SUMMARY OF BANK ACTIVITY - CASH COLLECTION ACCOUNT

Name of Debtor:

SMF Energy Corporation

Case Number:

12-19084-RBR

Reporting Period beginning 05/1/2012 and ending 05/31/2012

PURPOSE OF ACCOUNT:

Cash Collection Account

Ending Balance Per Bank Statement	$	5,199,394.00
Plus Total Amount of Outstanding Deposits	$	-
Minus Total Amount of Outstanding Checks and other debits	$	-	*
Minus Service Charges	$	-
Ending Balance Per Check Register	$	5,199,394.00	**(a)

*Debit cards are used by ___________________________________________________

**If Closing Balance is negative, provide explanation:_____________________________

The following disbursements were paid in Cash (do not include items reported as Petty Cash on Attachment 4D:

(¨ Check here if cash disbursements were authorized by United States Trustee)

Date		Amount	Payee	Purpose	Reason for Cash Disbursement
	$	-

TRANSFERS BETWEEN DEBTOR IN POSSESSION ACCOUNTS

"Total Amount of Outstanding Checks and other debits", listed above includes:

$	-		Transferred to Payroll Account
$	-		Transferred to Tax Account

(a) The total of this line on Attachment 4A, 4B, and 4C plus the total of 4D must equal the amount reported as "Ending Balance" on Schedule of Receipts and Disbursements (Page MOR-2, Line 7).

MOR-13

ATTACHMENT 5D

CHECK REGISTER- CASH COLLECTION ACCOUNT

Name of Debtor:

SMF Energy Corporation

Case Number:

12-19084-RBR

Reporting Period beginning 05/1/2012 and ending 05/31/2012

NAME OF BANK:	Wells Fargo	BRANCH:	Cypress Creek Road

ACCOUNT NAME:	SMF Energy Corporation
	DBA Streicher Mobile Fueling Inc.
	Debtor In Possession
	Atlanta Lockbox #932640

ACCOUNT NUMBER:	2000011121837

PURPOSE OF ACCOUNT:	Cash Collection Account

Date	Check Number	Payee	Purpose		Amount

None






















TOTAL				$	-

MOR-14

ATTACHMENT 4E

MONTHLY SUMMARY OF BANK ACTIVITY - CONTROL DISBURSEMENT

Name of Debtor:

SMF Energy Corporation

Case Number:

12-19084-RBR

Reporting Period beginning 05/1/2012 and ending 05/31/2012

NAME OF BANK:	Wells Fargo	BRANCH:	Cypress Creek Road

ACCOUNT NAME:	SMF Energy Corporation	ACCOUNT NUMBER:	2079940014538
	Debtor In Possession
	Chapter 11 Case No. 12-19084-RBR

PURPOSE OF ACCOUNT:

Control Disbursement

Ending Balance Per Bank Statement	$	-
Plus Total Amount of Outstanding Deposits	$	-
Minus Total Amount of Outstanding Checks and other debits	$	-	*
Minus Service Charges	$	-
Ending Balance Per Check Register	$	-	**(a)

*Debit cards are used by ___________________________________________________

**If Closing Balance is negative, provide explanation:_____________________________

The following disbursements were paid in Cash (do not include items reported as Petty Cash on Attachment 4D:

(¨ Check here if cash disbursements were authorized by United States Trustee)

Date	Amount		Payee	Purpose	Reason for Cash Disbursement
	$	-

TRANSFERS BETWEEN DEBTOR IN POSSESSION ACCOUNTS

"Total Amount of Outstanding Checks and other debits", listed above includes:

$	-		Transferred to Payroll Account
$	-		Transferred to Tax Account

(a) The total of this line on Attachment 4A, 4B, and 4C plus the total of 4D must equal the amount reported as "Ending Balance" on Schedule of Receipts and Disbursements (Page MOR-2, Line 7).

MOR-15

ATTACHMENT 5E

CHECK REGISTER- CONTROL DISBURSEMENT ACCOUNT

Name of Debtor:

SMF Energy Corporation

Case Number:

12-19084-RBR

Reporting Period beginning 05/1/2012 and ending 05/31/2012

NAME OF BANK:	Wells Fargo	BRANCH:	Cypress Creek Road

ACCOUNT NAME:	SMF Energy Corporation
	Debtor In Possession
	Chapter 11 Case No. 12-19084-RBR

ACCOUNT NUMBER:	4124321431

PURPOSE OF ACCOUNT:	Control Disbursement Account

Date	Check Number	Payee	Purpose	Amount

See Attachment				$	-






















TOTAL				$	-

MOR-16

ATTACHMENT 4F

INVESTMENTS ACCOUNTS AND PETTY CASH REPORT

INVESTMENT ACCOUNTS

Each savings and investment account, i.e. certificates of deposits, money market accounts, stocks and bonds, etc., should be listed separately. Attach copies of account statements.

Type of Negotiable

Instrument

Face Value

Purchase Price

Date of Purchase

Current

Market Value

NONE

TOTAL

(a)

PETTY CASH REPORT

The following Petty Cash Drawers/Accounts are maintained:

	(Column 2)		(Column 3)		(Column 4)
Location of Box/Account	Maximum Amount of Cash in Drawer/ Acct.		Amount of Petty Cash On Hand At End of Month		Difference between (Column 2) and (Column 3)
Corporate Office	$	4,108.17	$	393.32	$	3,714.85



TOTAL			$	393.32	(b)

For any Petty Cash Disbursement over $100 per transaction, attach copies of receipts. If there are no receipts, provide an explanation

TOTAL INVESTMENT ACCOUNTS AND PETTY CASH (a + b)

393.32

(c)

(c) The total of this line on Attachment 4A, 4B and 4C plus the total of 4D must equal the amount reported as "Ending Balance" on Schedule of Receipts and Disbursements (Page MOR-2, Line 7).

MOR-17

ATTACHMENT 6

MONTHLY TAX REPORT

Name of Debtor:

SMF Energy Corporation

Case Number:

12-19084-RBR

Reporting Period beginning 05/1/2012 and ending 05/31/2012

TAXES OWED AND DUE

Report all unpaid post-petition taxes including Federal and State withholding FICA, State sales tax, property tax, unemployment tax, State workmen's compensation, etc.

Name of Taxing Authority	Date Payment Due	Description	Amount		Date Last Tax Return Filed	Tax Return Period
			$	-
SEE ATTACHED










TOTAL			$	-

MOR-18

ATTACHMENT 7

SUMMARY OF OFFICER OR OWNER COMPENSATION

SUMMARY OF PERSONNEL AND INSURANCE COVERAGES

Name of Debtor:

SMF Energy Corporation

Case Number:

12-19084-RBR

Reporting Period beginning 05/1/2012 and ending 05/31/2012

Record all forms of compensation received by or paid on behalf of the Officer or Owner during the month. Include car allowances, payments to retirement plans, loan repayments, payments of Officer/Owner's personal expenses, insurance premium payments, etc. Do not include reimbursement of business expenses Officer or Owner incurred and for which detailed receipts are maintained in the accounting records.

Name of Officer or Owner	Title	Payment Description	Amount Paid
Beard, Robert W	President and COO	Salary/Auto/Bonus	$	15,774.66
Bieniek, Linda	Vice President of Human Resources	Salary/Auto/Bonus	$	9,495.66
Koshollek, Timothy	Vice President Sales - National Accounts	Salary/Auto	$	3,069.24
Leavitt, Steven E	Regional Vice President - Operations	Salary/Auto	$	10,230.75
Messenbaugh, Laura Patricia	V P of Finance & Accounting, CAO and Principal Acctng Officer	Salary/Auto/Bonus	$	17,443.44
Shaw, Timothy E	Sr. Vice President, Information Services & Administration & CIO	Salary/Auto/Bonus	$	15,774.66
Streicher, Stanley R	Regional Vice President - Operations	Salary/Auto/Bonus	$	12,269.22
Williams, Gary G	Senior Vice President, Supply	Salary/Bonus	$	12,482.62

PERSONNEL REPORT

	Full Time	Part Time
Number of employees at beginning of period	54	2
Number hired during the period	3	0
Number terminated or resigned during period	-23	-1
Number of employees on payroll at end of period	34	1

CONFIRMATION OF INSURANCE

List all policies of insurance in effect, including but not limited to workers' compensation, liability, fire, theft, comprehensive, vehicle, health and life. For the first report, attach a copy of the declaration sheet for each type of insurance. For subsequent reports, attach a certificate of insurance for any policy in which a change occurs during the month (new carrier, increased policy limits, renewal, etc.).

Agent and/or Carrier	Phone Number	Policy Number	Coverage Type	Expiration Date	Date Premium Due

See attached

The following lapse in insurance coverage occurred this month:

¨ Check here if U.S. Trustee has been listed as Certificate Holder for all insurance policies.

MOR-19

ATTACHMENT 8

SIGNIFICANT DEVELOPMENTS DURING REPORTING PERIOD

Name of the Debtor:

SMF Energy Corporation

Case Number:

12-19084-RBR

Reporting Period beginning 05/1/2012 and ending 05/31/2012

Information to be provided on this page, includes, but is not limited to: (1) financial transactions that are not reported on this report, such as the sale of real estate (attach closing statement ); (2) non-financial transactions, such as the substitution of assets or collateral; (3) modifications to loan agreements; (4) change in senior management, etc. Attach any relevant documents.

On May 25, 2012 SMF Energy Corporation (the “Company”) and its subsidiaries, H & W Petroleum Company, Inc., and SMF Services, Inc. (collectively, the “Debtors”), completed their previously announced sale of certain assets associated with the business of the Debtors in their various operating locations in the State of Texas and used in such operations as a going concern to Sun Coast Resources, Inc. (“Sun Coast”) pursuant to the asset purchase agreement dated April 27, 2012 (the “Sun Coast Purchase Agreement”). In addition, the Debtors sold inventory and trucks for a purchase price of $1,792,474 and $520,000, respectively, to Sun Coast.

The Debtors also completed the sale of certain Vehicles Outside Texas (as defined in the Purchase Agreements) to On-Site Fuel Service, Inc., Reladyne LLC and Leader D.O.T. Services Inc. (together with Sun Coast, the “Purchasers”) pursuant to asset purchase agreements (together with the Sun Coast Purchase Agreements, the “Purchase Agreements”) with each individual Purchaser under the provisions of Section 363 of the U.S. Bankruptcy code (the “Bankruptcy Code”) and approved by the United States Bankruptcy Court for the Southern District of Florida (the “Bankruptcy Court”) on May 2, 2012 (the “Section 363 Sale”). The aggregate gross purchase price for the Section 363 Sale was $10,751,150. The Section 363 Sale was closed following the completion of an auction process supervised by the Bankruptcy Court in which the Purchasers emerged as the winning bidders. The Company used the proceeds of the Section 363 Sale to pay off its line of credit with Wells Fargo.

MOR-20

For the complete Monthly Operating Report including all attachments to the MOR (i.e. bank statements, check registers, etc.) please refer to the SMF Bankruptcy Website at www.SMF-bkc.com

Loan Amount

Source of Funds

Repayment Schedule

SMF ENERGY CORP 8-K