June cash loss and obligations at Charles & Colvard (CTHR)
Charles & Colvard, Ltd. furnished a Monthly Operating Report for the period ended June 30, 2026 in its ongoing Chapter 11 case. The business continued to operate during the month but incurred a cash loss, with significant cash movements across multiple operating accounts.
One operating account recorded $476,328.00 in June receipts and $480,469.00 in disbursements, ending at $3,648.00. Accounts receivable totaled $204,539.00, while post‑petition accounts payable were $409,301.00. The report notes debtor‑in‑possession financing activity with Van Lang Jewelry, an asset auction where AJS Creations was the winning bidder at $2, officer compensation, and $109,984.21 of professional fees.
The company emphasizes that the report is unaudited, not prepared under U.S. GAAP and limited to bankruptcy reporting, and cautions that trading in its common stock is highly speculative, as common shareholders may face a significant or complete loss depending on the outcome of Chapter 11.
Positive
- None.
Negative
- Common shareholders at severe risk: the company warns that, given the Chapter 11 proceedings, holders of common stock may experience a significant or complete loss on their investment.
Filing Explained
The June 22 auction produced a $2 winning bid, but the sale’s closing and common-holder recovery remain unresolved while the Chapter 11 plan is formulated.
This Form 8-K reports the company’s
The report lists separate reconciled balances of
The June 22 auction identified AJS Creations as winning bidder at
8-K Event Classification
Key Figures
Key Terms
Debtor-In-Possession Financing financial
Monthly Operating Report financial
Chapter 11 Plan regulatory
secured creditors financial
Quarterly Disbursements financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Charles & Colvard (CTHR) disclose in the June 30, 2026 report?
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What are Charles & Colvard’s June 2026 receivables and payables balances (CTHR)?
What financing and asset sale steps has Charles & Colvard (CTHR) taken in Chapter 11?
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
|
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
| (Address of principal executive offices) |
(Zip Code) |
(
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act: None.
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
| Item 7.01 | Regulation FD Disclosure. |
As previously disclosed, on March 2, 2026, Charles & Colvard, Ltd., a North Carolina corporation (the “Company”), filed a voluntary petition for relief (the “Chapter 11 Case”) under Chapter 11 of Title 11 of the United States Code (“Chapter 11”) in the United States Bankruptcy Court for the Eastern District of North Carolina (the “Bankruptcy Court”). The case is styled as In re Charles & Colvard, Ltd.
On July 27, 2026, the Company filed with the Bankruptcy Court its monthly operating report for the period ended June 30, 2026 (the “Monthly Operating Report”). The Monthly Operating Report is attached hereto as Exhibit 99.1 and is incorporated herein by reference. This Current Report on Form 8-K (including the exhibits hereto) will not be deemed an admission as to the materiality of any information required to be disclosed solely by Regulation FD.
The information contained in this Item 7.01 and in Exhibit 99.1 shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any of the Company’s filings under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof and regardless of any general incorporation language in such filings, except to the extent expressly set forth by specific reference in such a filing.
Cautionary Statement Regarding the Monthly Operating Report
The Company cautions investors and potential investors not to place undue reliance upon the information contained in the Monthly Operating Report, which was not prepared for the purpose of providing the basis for an investment decision relating to any of the securities of the Company. The Monthly Operating Report is limited in scope, covers a limited time period and has been prepared solely for the purpose of complying with the monthly reporting requirements of the Bankruptcy Court. The Monthly Operating Report was not audited or reviewed by independent accountants, was not prepared in accordance with generally accepted accounting principles in the United States, is in a format prescribed by applicable bankruptcy laws or rules and is subject to future adjustment and reconciliation. There can be no assurance that, from the perspective of an investor or potential investor in the Company’s securities, the Monthly Operating Report is complete. The Monthly Operating Report also contains information for periods which are shorter or otherwise different from those required in the Company’s reports pursuant to the Exchange Act, and such information might not be indicative of the Company’s financial condition or operating results for the period that would be reflected in the Company’s financial statements or in its reports pursuant to the Exchange Act. Results set forth in the Monthly Operating Report should not be viewed as indicative of future results.
Cautionary Note Regarding the Chapter 11 Case
The Company cautions that trading in the Company’s common stock during the pendency of the Chapter 11 Case is highly speculative and poses substantial risks. Trading prices for the Company’s common stock may bear little or no relationship to the actual recovery, if any, by the holders of the Company’s common stock in the Chapter 11 Case. The Company expects that holders of the Company’s common stock may experience a significant or complete loss on their investment, depending on the outcome of the Chapter 11 Case. Accordingly, the Company urges extreme caution with respect to existing and future investments in its common stock.
Cautionary Statements Regarding Forward-Looking Statements
This Current Report on Form 8-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements typically can be identified by use of terms such as “may,” “will,” “should,” “could,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “continue,” and similar words, although some forward-looking statements are expressed differently. All forward-looking statements are subject to the risks and uncertainties inherent in predicting the future. You should be aware that although the forward-looking statements included herein represent management’s current judgment and expectations, the Company’s actual results may differ materially from those projected, stated, or implied in these forward-looking statements as a result of many factors including, but not limited to, risks attendant to the bankruptcy process, including the Company’s ability to obtain court approval from the Bankruptcy Court with respect to motions or other requests made to the Bankruptcy Court throughout the course of Chapter 11; the effects of Chapter 11, including increased legal and other professional costs necessary to execute the Company’s restructuring process, on the Company’s liquidity (including the availability of operating capital during the pendency of Chapter 11); the effects of Chapter 11 on the interests of various constituents and financial stakeholders; the length of time that the Company will operate under Chapter 11 protection and the continued availability of operating capital during the pendency of Chapter 11; objections to the Company’s restructuring process or other pleadings filed that could protract Chapter 11; risks associated with the Company’s proposed restructuring plan; risks associated with third-party motions in Chapter 11; Bankruptcy Court rulings in the Chapter 11 process and the outcome of Chapter 11 in general; employee attrition and the Company’s ability to retain senior management and other key personnel due to the distractions and uncertainties; in addition to the other risks and uncertainties described in more detail in the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”). Furthermore, such forward-looking statements speak only as of the date of this Current Report on Form 8-K. Except as required by applicable law, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results, later events or circumstances or to reflect the occurrence of unanticipated events.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
| Exhibit Number | Description |
| 99.1 | Monthly Operating Report of Charles & Colvard, Ltd. for the period ended June 30, 2026 filed with the U.S. Bankruptcy Court for the Eastern District of North Carolina. |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Charles & Colvard, Ltd. | ||
| July 30, 2026 | By | /s/ Clint J. Pete |
| Clint J. Pete | ||
| Chief Financial Officer | ||
Exhibit 99.1
| UNITED STATES BANKRUPTCY COURT EASTERN DISTRICT OF NORTH CAROLINA |
Rev. 5/2026 |
RALEIGH DIVISION
| IN RE: | CHAPTER 11 | |
| Charles & Colvard, Ltd. | CASE NO: 26-00969-5-DMW | |
| DEBTOR | ¨ Check if this is an amended filing |
MONTHLY
REPORT OF CORPORATE DEBTOR IN
POSSESSION/TRUSTEE
| DATE PETITION WAS FILED: | 3/2/2026 |
| REPORTING PERIOD COVERED: | 6/1/2026 - 6/30/2026 |
ATTORNEY FOR THE DEBTOR:
| I declare under penalty of perjury that the information contained in this report is true and correct to the best of my knowledge and belief: |
| DEBTOR: |
| Officer Name & Title: | Michael Levin, Board Chair | |
| Date: | 7/27/2026 | |
| Signature: | ||
| I have read the information in this report and the information contained herein is true and correct to the best of my knowledge and belief: |
| ATTORNEY FOR THE DEBTOR: |
| Printed Name: | Rebecca Redwine Grow | Date: | 7/27/2026 | ||
| Signature: | ||
Penalty for making a false statement or filing a false report: Fine of up to $500,000.00 or imprisonment for up to 5 years or both. 18 U.S.C. §§ 152 and 3571
PART A: BUSINESS OPERATIONS
| I. | Summary of Business Operations: |
1.) Please summarize the Debtor’s business activities for the month:
The Debtor operated its business during the reporting period.
|
2.) Did the Debtor operate with a cash surplus or cash loss for the month? If the Debtor operated at a loss, please explain what affected profitability:
The Debtor operated with a cash loss for the reporting period.
|
3.) Did the Debtor have any significant receipts or disbursements this month that were unusual or do not reoccur every month? For example, receipts would include insurance claim proceeds, tax refunds and funds from sale proceeds. Disbursements would include annual or quarterly insurance premiums, tax payments, large repairs, etc.:
(a) RECEIPTS –
None
(b) DISBURSEMENTS –
None, other than a) normal premiums on Workers Compensation policy and (b) normal Sales & Use tax payments. |
| II. | Summary of Chapter 11 Activities: |
1.) Were any transactions this month outside of the ordinary course of business? For example, did the Debtor sell any property, receive a loan from a third party or make any large purchases? If yes, please describe:
On March 25, 2026, the Court entered an Interim Order Allowing Debtor-In-Possession Financing with Van Lang Jewelry [DE# 56]. The Debtor recevived DIP loan proceeds from Van Lang Jewelry.
|
2.) What steps has the Debtor taken toward reorganization or liquidation?
On April 29, 2026, the Court entered an order approving private sale and bid procedures [DE# 86]. An auction to sell the Debtor's assets was held on June 22, 2026. AJS Creations was the winning bidder in the amount of $2.7M. Post auction, the Debtor is working with counsel for formulate its Chapter 11 Plan.
|
PART B: CERTIFICATIONS
| 1.) | Is the Debtor current on all post-petition tax obligations? x Yes ¨ No | |
| If the Debtor checked no, please complete the chart below: |
| Name of Taxing Authority | Amount Of Taxes Owed |
| 2.) | Has the Debtor filed all necessary tax forms (e.g., 1040, 1120 and 941), coming due since the petition date? x Yes ¨ No |
If the Debtor checked no, please provide information regarding the tax forms that are currently unfiled:
| 3.) | Is the Debtor current on all post-petition administrative expenses (excluding tax obligations)? x Yes ¨ No |
If the Debtor checked no, please complete the chart below:
| Name of Administrative Creditor | Amount Owed |
| 4.) | Are the Debtor’s insurance policies in full force and effect? x Yes ¨ No |
If the Debtor checked no, please detail which property owned by the Debtor is not insured:
| 5.) | Has the Debtor closed all pre-petition bank accounts? ¨ Yes x No |
If the Debtor checked no, please list the pre-petition bank accounts that are still open and whether the Debtor sought Court approval to keep the accounts open:
| Name of Banking Institution | Last
4 Digits of Account |
Court
Approval (Y/N) |
| All Prepetition Accounts (converted to DIP) | Y | |
| 6.) | Did the Debtor pay any pre-petition unsecured debts this reporting period? ¨ Yes x No |
If the Debtor checked yes, please complete the chart below:
| Name of Unsecured Creditor | Amount Paid |
| 7.) | Did the Debtor deposit all sources of income into its DIP bank accounts this reporting period? x Yes ¨ No |
If the Debtor checked no, please detail where the estate funds were deposited, or (if not deposited), how the funds were disbursed:
| 8.) | Did the Debtor pay any professionals (e.g., attorney or accountant) without prior Court approval this reporting period? ¨ Yes x No |
If the Debtor checked yes, please complete the chart below:
| Name of Professional | Amount Paid |
| 9.) | Did the Debtor sell or transfer any property outside of the ordinary course of business without prior Court approval during this reporting period? ¨ Yes x No |
If the Debtor checked yes, please provide additional information regarding the property that was sold or transferred:
| 10.) | Did any person or entity pay any expenses or costs on behalf of the Debtor during this reporting period? ¨ Yes x No |
If the Debtor checked yes, please list all expenses paid on behalf of the Debtor, including the name of the person or entity who made the payments:
| 11.) | Did the Debtor transfer any property to or for the benefit of an officer or insider of the Debtor, or a relative of an officer or insider of the Debtor during the reporting period (a transfer includes, but is not limited to, the payment of personal expenses, provision of non-court approved fringe benefits, purchase of items for a personal non-business purpose)? ¨ Yes x No |
If the Debtor checked yes, please list all expenses or costs the Debtor paid on behalf of any officer or insider of the Debtor, or on behalf of a relative of an officer or insider of the Debtor:
PART C: SUMMARY OF CASH RECEIPTS AND DISBURSEMENTS
| NATURE/TYPE OF ACCOUNT: | x | Operating Account (Last 4 Digits: 0913 ) |
| ¨ | Tax Account (Last 4 Digits: ) | |
| ¨ | Payroll Account (Last 4 Digits: ) | |
| ¨ | Cash Collateral Account (Last 4 Digits: ) |
| AMOUNT: | ||||
| 1. | CASH BALANCE FROM PREVIOUS MONTH'S REPORT: | $ | 28,573.00 | |
| 2. | TOTAL RECEIPTS/TRANSFERS/UNCLEARED: | $ | 67,945.00 | |
| [On following page- EXHIBIT 1 - provide a description of the source and amount] | ||||
| 3. | TOTAL DISBURSEMENTS/TRANSFERS/UNCLEARED: | $ | 72,380.00 | |
| [On following page- EXHIBIT 2 -provide a description of the disbursements] | ||||
| 4. | ENDING RECONCILED BALANCE: | $ | 24,139.00 | |
| SUMMARY OF BANK ACCOUNT INFORMATION | ||||
| 5. | ENDING BANK BALANCE: | $ | 38,291.00 | |
| 6. | PLUS UNCLEARED DEPOSITS | $ | 0.00 | |
| 7. | LESS UNCLEARED CHECKS | $ | 14,152.00 | |
| 8. | ENDING RECONCILED BALANCE: | *$ | 24,139.00 | |
*If item #4 differs from Item #8, please explain:
EXHIBIT 1
DESCRIPTION/ITEMIZATION OF RECEIPTS (Last 4 Digits of Acct # 0913 )
| RECEIPTS: | AMOUNT: |
| Sales | $ |
| Rental Income | $ |
| Collection of post-petition accounts receivable | $ |
| Collection of pre-petition accounts receivable | $ |
Borrowing by Debtor (list sources below):
(a) (b) (c) |
(list amounts below):
(a) (b) (c)
Total = $ 0.00 |
Transfers from other accounts (list last 4 digits of account numbers below): (a) 0996 (b) (c) |
(list amounts below): (a) $ 7,652.00 (b) (c) Total = $ 7,652.00 |
Other forms of income/deposits (list sources below): (a) 2307- Subsidary (b) 0075-Subsidary (c) |
(list amounts below): (a) $ 53,542.00 (b) $ 6,752.00 (c) Total = $ 60,294.00 |
| Less allowance for returns and discounts | $ |
*TOTAL = $ 67,946.00
*Total equals item #2 (Total Cash Receipts) on Part C.
EXHIBIT 2
DESCRIPTION/ITEMIZATION OF DISBURSEMENTS (Last 4 Digits of Acct # 0913 )
| DISBURSEMENTS: | AMOUNT: |
| Payments to Secured Creditors | $ |
| Purchases of Inventory | $ |
| Net Payroll (excluding officer compensation) | $ |
| Officer Compensation | $ |
| Subcontractors and Contract Workers | $ 15,630.00 |
| Payroll Taxes | $ |
| Sales Tax | $ |
| Property Taxes | $ |
| Supplies and Materials | $ |
| Real Property Lease Payments | $ 0.00 |
| Vehicle & Equipment Lease Payments | $ 2,341.00 |
| Utilities (Telephone, Electricity, Water, Other) | $ 0.00 |
| Travel and Entertainment | $ 1,038.00 |
| Meal and Food Costs | $ |
| Transportation Costs (e.g., fuel, tolls, parking) | $ |
| Vehicle Maintenance and Repairs Costs | $ |
| Equipment Repair Costs | $ |
| Real Property Repairs and Maintenance Costs | $ 2,716.00 |
| Vehicle Insurance Premiums | $ |
| Life and Health Insurance Premiums | $ 2,857.00 |
| Real Property Insurance Premiums | $ 0.00 |
| Other Insurance Premiums | $ |
| Office Supplies | $ |
| Freight and Shipping Costs | $ |
| Advertising and Marketing | $ |
| Professional Fees (e.g., Attorney, Accountant) | $ 4,592.00 |
| Quarterly Fees | $ |
Transfers to other accounts (list last 4 digits of account numbers below):
(a) 0996 (b) 2156 (c) |
(list amounts below):
(a) $ 496.00 (b) $ 40,000.00 (c)
Total = $ 40,496.00 |
| Other (PROVIDE ATTACHMENT) | $ 2,710.00 |
*TOTAL = $ 72,380.00
*Total equals item #3 (Total Cash Disbursements) on Part C.
SUMMARY OF CASH RECEIPTS
AND DISBURSEMENTS
| NATURE/TYPE OF ACCOUNT: | x | Operating Account (Last 4 Digits: 0996 ) |
| ¨ | Tax Account (Last 4 Digits: ) | |
| ¨ | Payroll Account (Last 4 Digits: ) | |
| ¨ | Cash Collateral Account (Last 4 Digits: ) |
| AMOUNT: | ||||
| 1. | CASH BALANCE FROM PREVIOUS MONTH'S REPORT: | $ | 0.00 | |
| 2. | TOTAL RECEIPTS/TRANSFERS/UNCLEARED: | $ | 7,052.00 | |
| [On following page- EXHIBIT 1 - provide a description of the source and amount] | ||||
| 3. | TOTAL DISBURSEMENTS/TRANSFERS/UNCLEARED: | $ | 7,052.00 | |
| [On following page- EXHIBIT 2 -provide a description of the disbursements] | ||||
| 4. | ENDING RECONCILED BALANCE: | $ | 0.00 | |
| SUMMARY OF BANK ACCOUNT INFORMATION | ||||
| 5. | ENDING BANK BALANCE: | $ | 0.00 | |
| 6. | PLUS UNCLEARED DEPOSITS | $ | 0.00 | |
| 7. | LESS UNCLEARED CHECKS | $ | 0.00 | |
| 8. | ENDING RECONCILED BALANCE: | *$ | 0.00 | |
*If item #4 differs from Item #8, please explain:
EXHIBIT 1
DESCRIPTION/ITEMIZATION OF RECEIPTS (Last 4 Digits of Acct # 0996 )
| RECEIPTS: | AMOUNT: |
| Sales | $ 6,223.00 |
| Rental Income | $ |
| Collection of post-petition accounts receivable | $ |
| Collection of pre-petition accounts receivable | $ |
Borrowing by Debtor (list sources below):
(a) (b) (c) |
(list amounts below):
(a) (b) (c)
Total = $ 0.00 |
Transfers from other accounts (list last 4 digits of account numbers below): (a) 0913 (b) (c) |
(list amounts below): (a) $ 496.00 (b) (c) Total = $ 496.00 |
Other forms of income/deposits (list sources below): (a) COS - Freight Out on Cust (b) (c) |
(list amounts below): (a) $333.00 (b) (c) Total = $ 333.00 |
| Less allowance for returns and discounts | $ |
*TOTAL = $ 7,052.00
*Total equals item #2 (Total Cash Receipts) on Part C.
EXHIBIT 2
DESCRIPTION/ITEMIZATION OF DISBURSEMENTS (Last 4 Digits of Acct # 0996 )
| DISBURSEMENTS: | AMOUNT: |
| Payments to Secured Creditors | $ |
| Purchases of Inventory | $ |
| Net Payroll (excluding officer compensation) | $ |
| Officer Compensation | $ |
| Subcontractors and Contract Workers | $ |
| Payroll Taxes | $ |
| Sales Tax | $ |
| Property Taxes | $ |
| Supplies and Materials | $ |
| Real Property Lease Payments | $ |
| Vehicle & Equipment Lease Payments | $ |
| Utilities (Telephone, Electricity, Water, Other) | $ |
| Travel and Entertainment | $ |
| Meal and Food Costs | $ |
| Transportation Costs (e.g., fuel, tolls, parking) | $ |
| Vehicle Maintenance and Repairs Costs | $ |
| Equipment Repair Costs | $ |
| Real Property Repairs and Maintenance Costs | $ |
| Vehicle Insurance Premiums | $ |
| Life and Health Insurance Premiums | $ |
| Real Property Insurance Premiums | $ |
| Other Insurance Premiums | $ -704.00 |
| Office Supplies | $ |
| Freight and Shipping Costs | $ |
| Advertising and Marketing | $ |
| Professional Fees (e.g., Attorney, Accountant) | $ |
| Quarterly Fees | $ |
Transfers to other accounts (list last 4 digits of account numbers below):
(a) 0913 (b) (c) |
(list amounts below):
(a) $ 7,652.00 (b) (c)
Total = $ 7,652.00 |
| Other (PROVIDE ATTACHMENT) | $ 104.00 |
*TOTAL = $ 7,052.00
*Total equals item #3 (Total Cash Disbursements) on Part C.
SUMMARY OF CASH RECEIPTS
AND DISBURSEMENTS
| NATURE/TYPE OF ACCOUNT: | x | Operating Account (Last 4 Digits: AELS ) |
| ¨ | Tax Account (Last 4 Digits: ) | |
| ¨ | Payroll Account (Last 4 Digits: ) | |
| ¨ | Cash Collateral Account (Last 4 Digits: ) |
| AMOUNT: | ||||
| 1. | CASH BALANCE FROM PREVIOUS MONTH'S REPORT: | $ | 36,751.00 | |
| 2. | TOTAL RECEIPTS/TRANSFERS/UNCLEARED: | $ | 25,646.00 | |
| [On following page- EXHIBIT 1 - provide a description of the source and amount] | ||||
| 3. | TOTAL DISBURSEMENTS/TRANSFERS/UNCLEARED: | $ | 52,403.00 | |
| [On following page- EXHIBIT 2 -provide a description of the disbursements] | ||||
| 4. | ENDING RECONCILED BALANCE: | $ | 9,995.00 | |
| SUMMARY OF BANK ACCOUNT INFORMATION | ||||
| 5. | ENDING BANK BALANCE: | $ | 9,995.00 | |
| 6. | PLUS UNCLEARED DEPOSITS | $ | 0.00 | |
| 7. | LESS UNCLEARED CHECKS | $ | 0.00 | |
| 8. | ENDING RECONCILED BALANCE: | *$ | 9,995.00 | |
*If item #4 differs from Item #8, please explain:
EXHIBIT 1
DESCRIPTION/ITEMIZATION OF RECEIPTS (Last 4 Digits of Acct # AEL )
| RECEIPTS: | AMOUNT: |
| Sales | $ 25,646.00 |
| Rental Income | $ |
| Collection of post-petition accounts receivable | $ |
| Collection of pre-petition accounts receivable | $ |
Borrowing by Debtor (list sources below):
(a) (b) (c) |
(list amounts below):
(a) (b) (c)
Total = $ 0.00 |
Transfers from other accounts (list last 4 digits of account numbers below): (a) (b) (c) |
(list amounts below): (a) (b) (c) Total = $ 0.00 |
Other forms of income/deposits (list sources below): (a) (b) (c) |
(list amounts below): (a) (b) (c) Total = $ 0.00 |
| Less allowance for returns and discounts | $ |
*TOTAL = $ 25,646.00
*Total equals item #2 (Total Cash Receipts) on Part C.
EXHIBIT 2
DESCRIPTION/ITEMIZATION OF DISBURSEMENTS (Last 4 Digits of Acct # AEL )
| DISBURSEMENTS: | AMOUNT: |
| Payments to Secured Creditors | $ |
| Purchases of Inventory | $ |
| Net Payroll (excluding officer compensation) | $ |
| Officer Compensation | $ |
| Subcontractors and Contract Workers | $ |
| Payroll Taxes | $ |
| Sales Tax | $ |
| Property Taxes | $ |
| Supplies and Materials | $ |
| Real Property Lease Payments | $ |
| Vehicle & Equipment Lease Payments | $ |
| Utilities (Telephone, Electricity, Water, Other) | $ |
| Travel and Entertainment | $ |
| Meal and Food Costs | $ |
| Transportation Costs (e.g., fuel, tolls, parking) | $ |
| Vehicle Maintenance and Repairs Costs | $ |
| Equipment Repair Costs | $ |
| Real Property Repairs and Maintenance Costs | $ |
| Vehicle Insurance Premiums | $ |
| Life and Health Insurance Premiums | $ |
| Real Property Insurance Premiums | $ |
| Other Insurance Premiums | $ |
| Office Supplies | $ |
| Freight and Shipping Costs | $ |
| Advertising and Marketing | $ 7,716.00 |
| Professional Fees (e.g., Attorney, Accountant) | $ |
| Quarterly Fees | $ |
Transfers to other accounts (list last 4 digits of account numbers below):
(a) 0075 (b) (c) |
(list amounts below):
(a) $ 43,159.00 (b) (c)
Total = $ 43,159.00 |
| Other (PROVIDE ATTACHMENT) | $ 1,528.00 |
*TOTAL = $ 52,403.00
*Total equals item #3 (Total Cash Disbursements) on Part C.
SUMMARY OF CASH RECEIPTS
AND DISBURSEMENTS
| NATURE/TYPE OF ACCOUNT: | x | Operating Account (Last 4 Digits: UDY ) |
| ¨ | Tax Account (Last 4 Digits: ) | |
| ¨ | Payroll Account (Last 4 Digits: ) | |
| ¨ | Cash Collateral Account (Last 4 Digits: ) |
| AMOUNT: | ||||
| 1. | CASH BALANCE FROM PREVIOUS MONTH'S REPORT: | $ | 5,000.00 | |
| 2. | TOTAL RECEIPTS/TRANSFERS/UNCLEARED: | $ | 0.00 | |
| [On following page- EXHIBIT 1 - provide a description of the source and amount] | ||||
| 3. | TOTAL DISBURSEMENTS/TRANSFERS/UNCLEARED: | $ | 0.00 | |
| [On following page- EXHIBIT 2 -provide a description of the disbursements] | ||||
| 4. | ENDING RECONCILED BALANCE: | $ | 5,000.00 | |
| SUMMARY OF BANK ACCOUNT INFORMATION | ||||
| 5. | ENDING BANK BALANCE: | $ | 5,000.00 | |
| 6. | PLUS UNCLEARED DEPOSITS | $ | 0.00 | |
| 7. | LESS UNCLEARED CHECKS | $ | 0.00 | |
| 8. | ENDING RECONCILED BALANCE: | *$ | 5,000.00 | |
*If item #4 differs from Item #8, please explain:
EXHIBIT 1
DESCRIPTION/ITEMIZATION OF RECEIPTS (Last 4 Digits of Acct # UDY )
| RECEIPTS: | AMOUNT: |
| Sales | $ |
| Rental Income | $ |
| Collection of post-petition accounts receivable | $ |
| Collection of pre-petition accounts receivable | $ |
Borrowing by Debtor (list sources below):
(a) (b) (c) |
(list amounts below):
(a) (b) (c)
Total = $ 0.00 |
Transfers from other accounts (list last 4 digits of account numbers below): (a) (b) (c) |
(list amounts below): (a) (b) (c) Total = $ 0.00 |
Other forms of income/deposits (list sources below): (a) (b) (c) |
(list amounts below): (a) (b) (c) Total = $ 0.00 |
| Less allowance for returns and discounts | $ |
*TOTAL = $ 0.00
*Total equals item #2 (Total Cash Receipts) on Part C.
EXHIBIT 2
DESCRIPTION/ITEMIZATION OF DISBURSEMENTS (Last 4 Digits of Acct # UDY )
| DISBURSEMENTS: | AMOUNT: |
| Payments to Secured Creditors | $ |
| Purchases of Inventory | $ |
| Net Payroll (excluding officer compensation) | $ |
| Officer Compensation | $ |
| Subcontractors and Contract Workers | $ |
| Payroll Taxes | $ |
| Sales Tax | $ |
| Property Taxes | $ |
| Supplies and Materials | $ |
| Real Property Lease Payments | $ |
| Vehicle & Equipment Lease Payments | $ |
| Utilities (Telephone, Electricity, Water, Other) | $ |
| Travel and Entertainment | $ |
| Meal and Food Costs | $ |
| Transportation Costs (e.g., fuel, tolls, parking) | $ |
| Vehicle Maintenance and Repairs Costs | $ |
| Equipment Repair Costs | $ |
| Real Property Repairs and Maintenance Costs | $ |
| Vehicle Insurance Premiums | $ |
| Life and Health Insurance Premiums | $ |
| Real Property Insurance Premiums | $ |
| Other Insurance Premiums | $ |
| Office Supplies | $ |
| Freight and Shipping Costs | $ |
| Advertising and Marketing | $ |
| Professional Fees (e.g., Attorney, Accountant) | $ |
| Quarterly Fees | $ |
Transfers to other accounts (list last 4 digits of account numbers below):
(a) (b) (c) |
(list amounts below):
(a) (b) (c)
Total = $ 0.00 |
| Other (PROVIDE ATTACHMENT) | $ |
*TOTAL = $ 0.00
*Total equals item #3 (Total Cash Disbursements) on Part C.
SUMMARY OF CASH RECEIPTS
AND DISBURSEMENTS
| NATURE/TYPE OF ACCOUNT: | x | Operating Account (Last 4 Digits: 2156 ) |
| ¨ | Tax Account (Last 4 Digits: ) | |
| ¨ | Payroll Account (Last 4 Digits: ) | |
| ¨ | Cash Collateral Account (Last 4 Digits: ) |
| AMOUNT: | ||||
| 1. | CASH BALANCE FROM PREVIOUS MONTH'S REPORT: | $ | 7,788.00 | |
| 2. | TOTAL RECEIPTS/TRANSFERS/UNCLEARED: | $ | 476,328.00 | |
| [On following page- EXHIBIT 1 - provide a description of the source and amount] | ||||
| 3. | TOTAL DISBURSEMENTS/TRANSFERS/UNCLEARED: | $ | 480,469.00 | |
| [On following page- EXHIBIT 2 -provide a description of the disbursements] | ||||
| 4. | ENDING RECONCILED BALANCE: | $ | 3,648.00 | |
| SUMMARY OF BANK ACCOUNT INFORMATION | ||||
| 5. | ENDING BANK BALANCE: | $ | 3,648.00 | |
| 6. | PLUS UNCLEARED DEPOSITS | $ | 0.00 | |
| 7. | LESS UNCLEARED CHECKS | $ | 0.00 | |
| 8. | ENDING RECONCILED BALANCE: | *$ | 3,648.00 | |
*If item #4 differs from Item #8, please explain:
EXHIBIT 1
DESCRIPTION/ITEMIZATION OF RECEIPTS (Last 4 Digits of Acct # 2156 )
| RECEIPTS: | AMOUNT: |
| Sales | $ 7,370.00 |
| Rental Income | $ |
| Collection of post-petition accounts receivable | $ |
| Collection of pre-petition accounts receivable | $ |
Borrowing by Debtor (list sources below):
(a) Van Lang Jewelry LLC (b) (c) |
(list amounts below):
(a) -$ 85,920.00 (b) (c)
Total = $ -85,920.00 |
Transfers from other accounts (list last 4 digits of account numbers below): (a) 2180 (b) 0913 (c) |
(list amounts below): (a) $ 349,920.00 (b) $ 40,000.00 (c) Total = $ 389,920.00 |
Other forms of income/deposits (list sources below): (a) Employee Insurance (b) 2214-Subsidary (c) |
(list amounts below): (a) $ 44.00 (b) $ 164,914.00 (c) Total = $ 164,958.00 |
| Less allowance for returns and discounts | $ |
*TOTAL = $ 476,328.00
*Total equals item #2 (Total Cash Receipts) on Part C.
EXHIBIT 2
DESCRIPTION/ITEMIZATION OF DISBURSEMENTS (Last 4 Digits of Acct # 2156 )
| DISBURSEMENTS: | AMOUNT: |
| Payments to Secured Creditors | $ |
| Purchases of Inventory | $ 153,126.00 |
| Net Payroll (excluding officer compensation) | $ 129,706.00 |
| Officer Compensation | $ 24,040.00 |
| Subcontractors and Contract Workers | $ 28,689.00 |
| Payroll Taxes | $ |
| Sales Tax | $ 26,686.00 |
| Property Taxes | $ |
| Supplies and Materials | $ 140.00 |
| Real Property Lease Payments | $ 0.00 |
| Vehicle & Equipment Lease Payments | $ |
| Utilities (Telephone, Electricity, Water, Other) | $ 177.00 |
| Travel and Entertainment | $ 1,074.00 |
| Meal and Food Costs | $ |
| Transportation Costs (e.g., fuel, tolls, parking) | $ |
| Vehicle Maintenance and Repairs Costs | $ |
| Equipment Repair Costs | $ |
| Real Property Repairs and Maintenance Costs | $ |
| Vehicle Insurance Premiums | $ |
| Life and Health Insurance Premiums | $ 2,424.00 |
| Real Property Insurance Premiums | $ |
| Other Insurance Premiums | $ 822.00 |
| Office Supplies | $ |
| Freight and Shipping Costs | $ 27,591.00 |
| Advertising and Marketing | $ 37,426.00 |
| Professional Fees (e.g., Attorney, Accountant) | $ 20,345.00 |
| Quarterly Fees | $ 0.00 |
Transfers to other accounts (list last 4 digits of account numbers below):
(a) 7723 (b) (c) |
(list amounts below):
(a) $ 20,000.00 (b) (c)
Total = $ 20,000.00 |
| Other (PROVIDE ATTACHMENT) | $ 8,223.00 |
*TOTAL = $ 480,469.00
*Total equals item #3 (Total Cash Disbursements) on Part C.
SUMMARY OF CASH RECEIPTS
AND DISBURSEMENTS
| NATURE/TYPE OF ACCOUNT: | x | Operating Account (Last 4 Digits: 2180 ) |
| ¨ | Tax Account (Last 4 Digits: ) | |
| ¨ | Payroll Account (Last 4 Digits: ) | |
| ¨ | Cash Collateral Account (Last 4 Digits: ) |
| AMOUNT: | ||||
| 1. | CASH BALANCE FROM PREVIOUS MONTH'S REPORT: | $ | 178,922.00 | |
| 2. | TOTAL RECEIPTS/TRANSFERS/UNCLEARED: | $ | 212,685.00 | |
| [On following page- EXHIBIT 1 - provide a description of the source and amount] | ||||
| 3. | TOTAL DISBURSEMENTS/TRANSFERS/UNCLEARED: | $ | 335,412.00 | |
| [On following page- EXHIBIT 2 -provide a description of the disbursements] | ||||
| 4. | ENDING RECONCILED BALANCE: | $ | 56,196.00 | |
| SUMMARY OF BANK ACCOUNT INFORMATION | ||||
| 5. | ENDING BANK BALANCE: | $ | 56,196.00 | |
| 6. | PLUS UNCLEARED DEPOSITS | $ | 0.00 | |
| 7. | LESS UNCLEARED CHECKS | $ | 0.00 | |
| 8. | ENDING RECONCILED BALANCE: | *$ | 56,196.00 | |
*If item #4 differs from Item #8, please explain:
EXHIBIT 1
DESCRIPTION/ITEMIZATION OF RECEIPTS (Last 4 Digits of Acct # 2180 )
| RECEIPTS: | AMOUNT: |
| Sales | $ 40,800.00 |
| Rental Income | $ |
| Collection of post-petition accounts receivable | $ |
| Collection of pre-petition accounts receivable | $ |
Borrowing by Debtor (list sources below):
(a) Vang Lang Jewelry LLC (b) (c) |
(list amounts below):
(a) $ 171,885.00 (b) (c)
Total = $ 171,885.00 |
Transfers from other accounts (list last 4 digits of account numbers below): (a) (b) (c) |
(list amounts below): (a) (b) (c) Total = $ 0.00 |
Other forms of income/deposits (list sources below): (a) (b) (c) |
(list amounts below): (a) (b) (c) Total = $ 0.00 |
| Less allowance for returns and discounts | $ |
*TOTAL = $ 212,685.00
*Total equals item #2 (Total Cash Receipts) on Part C.
EXHIBIT 2
DESCRIPTION/ITEMIZATION OF DISBURSEMENTS (Last 4 Digits of Acct # 2180 )
| DISBURSEMENTS: | AMOUNT: |
| Payments to Secured Creditors | $ |
| Purchases of Inventory | $ |
| Net Payroll (excluding officer compensation) | $ |
| Officer Compensation | $ |
| Subcontractors and Contract Workers | $ |
| Payroll Taxes | $ |
| Sales Tax | $ |
| Property Taxes | $ |
| Supplies and Materials | $ |
| Real Property Lease Payments | $ |
| Vehicle & Equipment Lease Payments | $ |
| Utilities (Telephone, Electricity, Water, Other) | $ |
| Travel and Entertainment | $ |
| Meal and Food Costs | $ |
| Transportation Costs (e.g., fuel, tolls, parking) | $ |
| Vehicle Maintenance and Repairs Costs | $ |
| Equipment Repair Costs | $ |
| Real Property Repairs and Maintenance Costs | $ |
| Vehicle Insurance Premiums | $ |
| Life and Health Insurance Premiums | $ |
| Real Property Insurance Premiums | $ |
| Other Insurance Premiums | $ |
| Office Supplies | $ |
| Freight and Shipping Costs | $ |
| Advertising and Marketing | $ |
| Professional Fees (e.g., Attorney, Accountant) | $ |
| Quarterly Fees | $ |
Transfers to other accounts (list last 4 digits of account numbers below):
(a) 2156 (b) (c) |
(list amounts below):
(a) $ 349,920.00 (b) (c)
Total = $ 349,920.00 |
| Other (PROVIDE ATTACHMENT) | $ -14,508.00 |
*TOTAL = $ 335,412.00
*Total equals item #3 (Total Cash Disbursements) on Part C.
SUMMARY OF CASH RECEIPTS
AND DISBURSEMENTS
| NATURE/TYPE OF ACCOUNT: | x | Operating Account (Last 4 Digits: 7223 ) |
| ¨ | Tax Account (Last 4 Digits: ) | |
| ¨ | Payroll Account (Last 4 Digits: ) | |
| ¨ | Cash Collateral Account (Last 4 Digits: ) |
| AMOUNT: | ||||
| 1. | CASH BALANCE FROM PREVIOUS MONTH'S REPORT: | $ | 8,058.00 | |
| 2. | TOTAL RECEIPTS/TRANSFERS/UNCLEARED: | $ | 20,000.00 | |
| [On following page- EXHIBIT 1 - provide a description of the source and amount] | ||||
| 3. | TOTAL DISBURSEMENTS/TRANSFERS/UNCLEARED: | $ | 28,223.00 | |
| [On following page- EXHIBIT 2 -provide a description of the disbursements] | ||||
| 4. | ENDING RECONCILED BALANCE: | $ | (165.00) | |
| SUMMARY OF BANK ACCOUNT INFORMATION | ||||
| 5. | ENDING BANK BALANCE: | $ | (165.00) | |
| 6. | PLUS UNCLEARED DEPOSITS | $ | 0.00 | |
| 7. | LESS UNCLEARED CHECKS | $ | 0.00 | |
| 8. | ENDING RECONCILED BALANCE: | *$ | (165.00) | |
*If item #4 differs from Item #8, please explain:
EXHIBIT 1
DESCRIPTION/ITEMIZATION OF RECEIPTS (Last 4 Digits of Acct # 7223 )
| RECEIPTS: | AMOUNT: |
| Sales | $ |
| Rental Income | $ |
| Collection of post-petition accounts receivable | $ |
| Collection of pre-petition accounts receivable | $ |
Borrowing by Debtor (list sources below):
(a) (b) (c) |
(list amounts below):
(a) (b) (c)
Total = $ 0.00 |
Transfers from other accounts (list last 4 digits of account numbers below): (a) 2156 (b) (c) |
(list amounts below): (a) $ 20,000.00 (b) (c) Total = $ 20,000.00 |
Other forms of income/deposits (list sources below): (a) (b) (c) |
(list amounts below): (a) (b) (c) Total = $ 0.00 |
| Less allowance for returns and discounts | $ |
*TOTAL = $ 20,000.00
*Total equals item #2 (Total Cash Receipts) on Part C.
EXHIBIT 2
DESCRIPTION/ITEMIZATION OF DISBURSEMENTS (Last 4 Digits of Acct # 7223 )
| DISBURSEMENTS: | AMOUNT: |
| Payments to Secured Creditors | $ |
| Purchases of Inventory | $ |
| Net Payroll (excluding officer compensation) | $ |
| Officer Compensation | $ |
| Subcontractors and Contract Workers | $ |
| Payroll Taxes | $ |
| Sales Tax | $ |
| Property Taxes | $ |
| Supplies and Materials | $ 230.00 |
| Real Property Lease Payments | $ |
| Vehicle & Equipment Lease Payments | $ |
| Utilities (Telephone, Electricity, Water, Other) | $ 0.00 |
| Travel and Entertainment | $ |
| Meal and Food Costs | $ |
| Transportation Costs (e.g., fuel, tolls, parking) | $ |
| Vehicle Maintenance and Repairs Costs | $ |
| Equipment Repair Costs | $ |
| Real Property Repairs and Maintenance Costs | $ |
| Vehicle Insurance Premiums | $ |
| Life and Health Insurance Premiums | $ |
| Real Property Insurance Premiums | $ |
| Other Insurance Premiums | $ |
| Office Supplies | $ |
| Freight and Shipping Costs | $ 3,253.00 |
| Advertising and Marketing | $ 20,894.00 |
| Professional Fees (e.g., Attorney, Accountant) | $ |
| Quarterly Fees | $ |
Transfers to other accounts (list last 4 digits of account numbers below):
(a) (b) (c) |
(list amounts below):
(a) (b) (c)
Total = $ 0.00 |
| Other (PROVIDE ATTACHMENT) | $ 3,846.00 |
*TOTAL = $ 28,223.00
*Total equals item #3 (Total Cash Disbursements) on Part C.
SUMMARY OF CASH RECEIPTS
AND DISBURSEMENTS
| NATURE/TYPE OF ACCOUNT: | x | Operating Account (Last 4 Digits: 1963 ) |
| ¨ | Tax Account (Last 4 Digits: ) | |
| ¨ | Payroll Account (Last 4 Digits: ) | |
| ¨ | Cash Collateral Account (Last 4 Digits: ) |
| AMOUNT: | ||||
| 1. | CASH BALANCE FROM PREVIOUS MONTH'S REPORT: | $ | 0.00 | |
| 2. | TOTAL RECEIPTS/TRANSFERS/UNCLEARED: | $ | 0.00 | |
| [On following page- EXHIBIT 1 - provide a description of the source and amount] | ||||
| 3. | TOTAL DISBURSEMENTS/TRANSFERS/UNCLEARED: | $ | 0.00 | |
| [On following page- EXHIBIT 2 -provide a description of the disbursements] | ||||
| 4. | ENDING RECONCILED BALANCE: | $ | 0.00 | |
| SUMMARY OF BANK ACCOUNT INFORMATION | ||||
| 5. | ENDING BANK BALANCE: | $ | 0.00 | |
| 6. | PLUS UNCLEARED DEPOSITS | $ | 0.00 | |
| 7. | LESS UNCLEARED CHECKS | $ | 0.00 | |
| 8. | ENDING RECONCILED BALANCE: | *$ | 0.00 | |
*If item #4 differs from Item #8, please explain:
EXHIBIT 1
DESCRIPTION/ITEMIZATION OF RECEIPTS (Last 4 Digits of Acct # 1963 )
| RECEIPTS: | AMOUNT: |
| Sales | $ |
| Rental Income | $ |
| Collection of post-petition accounts receivable | $ |
| Collection of pre-petition accounts receivable | $ |
Borrowing by Debtor (list sources below):
(a) (b) (c) |
(list amounts below):
(a) (b) (c)
Total = $ 0.00 |
Transfers from other accounts (list last 4 digits of account numbers below): (a) (b) (c) |
(list amounts below): (a) (b) (c) Total = $ 0.00 |
Other forms of income/deposits (list sources below): (a) (b) (c) |
(list amounts below): (a) (b) (c) Total = $ 0.00 |
| Less allowance for returns and discounts | $ |
*TOTAL = $ 0.00
*Total equals item #2 (Total Cash Receipts) on Part C.
EXHIBIT 2
DESCRIPTION/ITEMIZATION OF DISBURSEMENTS (Last 4 Digits of Acct # 1963 )
| DISBURSEMENTS: | AMOUNT: |
| Payments to Secured Creditors | $ |
| Purchases of Inventory | $ |
| Net Payroll (excluding officer compensation) | $ |
| Officer Compensation | $ |
| Subcontractors and Contract Workers | $ |
| Payroll Taxes | $ |
| Sales Tax | $ |
| Property Taxes | $ |
| Supplies and Materials | $ |
| Real Property Lease Payments | $ |
| Vehicle & Equipment Lease Payments | $ |
| Utilities (Telephone, Electricity, Water, Other) | $ |
| Travel and Entertainment | $ |
| Meal and Food Costs | $ |
| Transportation Costs (e.g., fuel, tolls, parking) | $ |
| Vehicle Maintenance and Repairs Costs | $ |
| Equipment Repair Costs | $ |
| Real Property Repairs and Maintenance Costs | $ |
| Vehicle Insurance Premiums | $ |
| Life and Health Insurance Premiums | $ |
| Real Property Insurance Premiums | $ |
| Other Insurance Premiums | $ |
| Office Supplies | $ |
| Freight and Shipping Costs | $ |
| Advertising and Marketing | $ |
| Professional Fees (e.g., Attorney, Accountant) | $ |
| Quarterly Fees | $ |
Transfers to other accounts (list last 4 digits of account numbers below):
(a) (b) (c) |
(list amounts below):
(a) (b) (c)
Total = $ 0.00 |
| Other (PROVIDE ATTACHMENT) | $ |
*TOTAL = $ 0.00
*Total equals item #3 (Total Cash Disbursements) on Part C.
SUMMARY OF CASH RECEIPTS
AND DISBURSEMENTS
| NATURE/TYPE OF ACCOUNT: | x | Operating Account (Last 4 Digits: 0561 ) |
| ¨ | Tax Account (Last 4 Digits: ) | |
| ¨ | Payroll Account (Last 4 Digits: ) | |
| ¨ | Cash Collateral Account (Last 4 Digits: ) |
| AMOUNT: | ||||
| 1. | CASH BALANCE FROM PREVIOUS MONTH'S REPORT: | $ | 0.00 | |
| 2. | TOTAL RECEIPTS/TRANSFERS/UNCLEARED: | $ | 0.00 | |
| [On following page- EXHIBIT 1 - provide a description of the source and amount] | ||||
| 3. | TOTAL DISBURSEMENTS/TRANSFERS/UNCLEARED: | $ | 0.00 | |
| [On following page- EXHIBIT 2 -provide a description of the disbursements] | ||||
| 4. | ENDING RECONCILED BALANCE: | $ | 0.00 | |
| SUMMARY OF BANK ACCOUNT INFORMATION | ||||
| 5. | ENDING BANK BALANCE: | $ | 0.00 | |
| 6. | PLUS UNCLEARED DEPOSITS | $ | 0.00 | |
| 7. | LESS UNCLEARED CHECKS | $ | 0.00 | |
| 8. | ENDING RECONCILED BALANCE: | *$ | 0.00 | |
*If item #4 differs from Item #8, please explain:
EXHIBIT 1
DESCRIPTION/ITEMIZATION OF RECEIPTS (Last 4 Digits of Acct # 0561 )
| RECEIPTS: | AMOUNT: |
| Sales | $ |
| Rental Income | $ |
| Collection of post-petition accounts receivable | $ |
| Collection of pre-petition accounts receivable | $ |
Borrowing by Debtor (list sources below):
(a) (b) (c) |
(list amounts below):
(a) (b) (c)
Total = $ 0.00 |
Transfers from other accounts (list last 4 digits of account numbers below): (a) (b) (c) |
(list amounts below): (a) (b) (c) Total = $ 0.00 |
Other forms of income/deposits (list sources below): (a) (b) (c) |
(list amounts below): (a) (b) (c) Total = $ 0.00 |
| Less allowance for returns and discounts | $ |
*TOTAL = $ 0.00
*Total equals item #2 (Total Cash Receipts) on Part C.
EXHIBIT 2
DESCRIPTION/ITEMIZATION OF DISBURSEMENTS (Last 4 Digits of Acct # 0561 )
| DISBURSEMENTS: | AMOUNT: |
| Payments to Secured Creditors | $ |
| Purchases of Inventory | $ |
| Net Payroll (excluding officer compensation) | $ |
| Officer Compensation | $ |
| Subcontractors and Contract Workers | $ |
| Payroll Taxes | $ |
| Sales Tax | $ |
| Property Taxes | $ |
| Supplies and Materials | $ |
| Real Property Lease Payments | $ |
| Vehicle & Equipment Lease Payments | $ |
| Utilities (Telephone, Electricity, Water, Other) | $ |
| Travel and Entertainment | $ |
| Meal and Food Costs | $ |
| Transportation Costs (e.g., fuel, tolls, parking) | $ |
| Vehicle Maintenance and Repairs Costs | $ |
| Equipment Repair Costs | $ |
| Real Property Repairs and Maintenance Costs | $ |
| Vehicle Insurance Premiums | $ |
| Life and Health Insurance Premiums | $ |
| Real Property Insurance Premiums | $ |
| Other Insurance Premiums | $ |
| Office Supplies | $ |
| Freight and Shipping Costs | $ |
| Advertising and Marketing | $ |
| Professional Fees (e.g., Attorney, Accountant) | $ |
| Quarterly Fees | $ |
Transfers to other accounts (list last 4 digits of account numbers below):
(a) (b) (c) |
(list amounts below):
(a) (b) (c)
Total = $ 0.00 |
| Other (PROVIDE ATTACHMENT) | $ |
*TOTAL = $ 0.00
*Total equals item #3 (Total Cash Disbursements) on Part C.
PART D: SUMMARY OF ACCOUNT RECEIVABLES
| AMOUNT: | |||
| 1. | Beginning Balance | $ 232,297.00 | |
| 2. | Sales on Account | $ 52,282.00 | |
| 3. | Collections on Account | $ 80,040.00 | |
4. |
Ending Balance [Item #1 plus #2 minus #3] |
$ 204,539.00 | |
STATUS OF COLLECTIONS:
| AMOUNT: | |
| Current to 30 days | $ 50,891.00 |
| 31 to 60 days | $ 56,910.00 |
| 61 to 90 days | $ 26,992.00 |
| 91 to 120 days | $ 15,236.00 |
| 121 days and older | $ 54,510.00 |
| TOTAL: | $ 204,539.00 |
PART E: SUMMARY OF ACCOUNTS PAYABLE
[EXCLUDING PRE-PETITION ACCOUNTS PAYABLE]
| AMOUNT: | |
| Current to 30 days | $ 125,981.00 |
| 31 to 60 days | $ 124,188.00 |
| 61 to 90 days | $ 94,734.00 |
| 91 to 120 days | $ 64,398.00 |
| 121 days and older | $ |
| TOTAL: | $ 409,301.00 |
If there are payables outstanding greater than 60 days, please provide an explanation:
Payables greater than 60 days mainly related to lease of corporate office with SBP Office Owner LP/Trinity Partners.
PART F: STATUS OF PAYMENTS TO SECURED CREDITORS
Instructions: List all secured creditors and collateral descriptions, regardless if payments are made
¨ Check if this form is not applicable to the Debtor
| Creditor Name: | Wolfspeed, Inc. |
| Description of Collateral: | All assets, except precious metals |
| Amount Paid this Month: | $ 0.00 |
| Payment Pursuant to Bankruptcy Court Order? | |
| Creditor Name: | Essential Lab Grown Diamonds, Inc. |
| Description of Collateral: | Loose lab-grown diamonds |
| Amount Paid this Month: | $ 0.00 |
| Payment Pursuant to Bankruptcy Court Order? | |
| Creditor Name: | Vang Lang Jewelry |
| Description of Collateral: | All assets |
| Amount Paid this Month: | $ 85,290.00 |
| Payment Pursuant to Bankruptcy Court Order? | No |
| Creditor Name: | |
| Description of Collateral: | |
| Amount Paid this Month: | |
| Payment Pursuant to Bankruptcy Court Order? | |
PART G: STATUS OF PAYMENTS TO LESSORS
Instructions: List all lessors and description of leased property, regardless if payments are made
¨ Check if this form is not applicable to the Debtor
| Lessor Name: | SBP Office Owner, LP |
| Description of Leased Property: | 170 Southport Dr, Morrisville |
| Amount Paid this Month: | $ 0.00 |
| Is Lease Current? | No |
| Lessor Name: | |
| Description of Leased Property: | |
| Amount Paid this Month: | |
| Is Lease Current? | |
| Lessor Name: | |
| Description of Leased Property: | |
| Amount Paid this Month: | |
| Is Lease Current? | |
| Lessor Name: | |
| Description of Leased Property: | |
| Amount Paid this Month: | |
| Is Lease Current? | |
PART H: SUMMARY OF OFFICER/OWNER COMPENSATION, PROPERTY SALES AND PROFESSIONAL FEE PAYMENTS
| 1.) | REPORT ALL COMPENSATION PAID TO ANY OFFICER OR OWNER THIS MONTH: |
¨ Check if no officer compensation was paid this month
| Name of Officer/Owner of the Debtor | Monthly
Compensation Authorized by the Court |
Compensation
Received this Month |
| Michael Levin | $ 18,000.00 | $ 7,500.00 |
| Clint Pete | $ 18,652.34 | $ 16,540.33 |
| 2.) | PROPERTY SALE REPORT: |
x Check if the Debtor did not sell any property this month
| Description of Property Sold | Date
Property Sold |
Gross
Sale Proceeds |
Net
Sale Proceeds Paid to Debtor |
| 3.) | REPORT OF ALL PAYMENTS MADE TO PROFESSIONALS THIS MONTH: |
¨ Check if the Debtor did not pay any professionals this month
Name of Professional |
Date
Compensation Approved |
Compensation
Authorized by the Court |
Compensation
Received this Month |
| Hendren, Redwine & Malone | 6/3/2026 | $ 109,984.21 | $ 109,984.21 |
PART I: CHAPTER 11 QUARTERLY FEES
DISBURSEMENTS INCLUDE: Sum total of all disbursements from all of the Debtor’s bank accounts – and – payments made on behalf of the Debtor. Disbursements do not include transfers between the Debtor’s accounts. Quarterly fees are not prorated.
Calculating the Fee: Use the table at the bottom of the page to compute the Amount of Fee Due for each quarter. Payment of quarterly fees should be submitted to Debtor’s attorney, and then Debtor’s attorney should submit the payment through www.pay.gov.
2nd Quarter:
| Disbursements made by Debtor |
Disbursements made on behalf of Debtor | ||
| Disbursements for April: | $758,219.00 | + | $0.00 |
| Disbursements for May: | $631,020.00 | + | $0.00 |
| Disbursements for June: | $545,136.00 | + | $0.00 |
| TOTAL: | $1,934,375.00 | + | $0.00 |
| TOTAL DISBURSEMENTS: | $1,934,375.00 |
| AMOUNT OF QUARTERLY FEE DUE: | $17,409.38 * |
| TOTAL QUARTERLY DISBURSEMENTS | QUARTERLY FEE |
| $0.00 to $62,624.00 | $250.00 |
| $62,625.00 to $999,999.00 | Quarterly disbursements multiplied by 0.004 |
| $1,000,000.00 to $27,777,722 | Quarterly disbursements multiplied by 0.009 |
| $27,777,723 or more | $250,000.00 |
*The Amount of Quarterly Fee Due should be rounded to whole dollars. For amounts $0.50 and above, round up to the next whole dollar. For amounts under $0.50, round down.