Exhibit 99.1
UNITED STATES BANKRUPTCY COURT
DISTRICT OF DELAWARE
| In re: Endeavor Operating Corporation, et al.1 | Case No. 14-12308 | |||
| Reporting Period: 10/10/14 – 10/31/14 |
MONTHLY OPERATING REPORT
File with Court and submit copy to United States Trustee within 20 days after end of month
Submit copy of report to any official committee appointed in the case.
REQUIRED DOCUMENTS | Form No. | Document Attached | Explanation Attached | Affidavit/ Supplement Attached | ||||
Schedule of Cash Receipts and Disbursements | MOR-1 | YES | NO | NO | ||||
Bank Reconciliation (or copies of debtor’s bank reconciliations) | MOR-1a | NO | YES | YES | ||||
Schedule of Professional Fees Paid | MOR-1b | YES | NO | NO | ||||
Copies of bank statements | ||||||||
Cash disbursements journals | ||||||||
Statement of Operations | MOR-2 | YES | NO | NO | ||||
Balance Sheet | MOR-3 | YES | NO | NO | ||||
Status of Post-petition Taxes | MOR-4 | YES | NO | NO | ||||
Copies of IRS Form 6123 or payment receipt | ||||||||
Copies of tax returns filed during reporting period | ||||||||
Summary of Unpaid Post-petition Debts | MOR-4 | YES | NO | NO | ||||
Listing of aged accounts payable | MOR-4 | YES | NO | NO | ||||
Accounts Receivable Reconciliation and Aging | MOR-5 | YES | NO | NO | ||||
Debtor Questionnaire | MOR-5 | YES | NO | NO |
I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief.
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| Signature of Debtor | Date | |||
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| Signature of Joint Debtor | Date | |||
/s/ Catherine L. Stubbs | November 24, 2014 | |||
| Signature of Authorized Individual* | Date | |||
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| Printed Name of Authorized Individual | Title of Authorized Individual | |||
| * | Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company. |
| 1 | The Debtors in these chapter 11 cases and the last four digits of each Debtor’s taxpayer identification number are as follows: Endeavour Operating Corporation (6552); Endeavour International Corporation (8389); Endeavour Colorado Corporation (0067); END Management Company (7578); Endeavour Energy New Ventures Inc. (7563); Endeavour Energy Luxembourg S.à r.l. (2113). The Debtors’ principal offices are located at 811 Main Street, Suite 2100, Houston, Texas 77002. |
| In reEndeavor Operating Corporation, et al. | Case No.14-12308 | |||
| Debtor | Reporting Period:10/10/14 – 10/31/14 |
SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS
Amounts reported should be per the debtor’s books, not the bank statement. The beginning cash should be the ending cash from the prior month or, if this is the first report, the amount should be the balance on the date the petition was filled. The amounts reported in the “CURRENT MONTH - ACTUAL” column must equal the sum of the four bank account columns. The amounts reported in the “PROJECTED” columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements listed in the disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each account. [See MOR-1 (CONT)]
| BANK ACCOUNTS | CURRENT MONTH | CUMULATIVE FILING TO DATE | ||||||||||||||
| OPER. | PAYROLL | TAX | OTHER | ACTUAL | PROJECTED | ACTUAL | PROJECTED | |||||||||
CASH BEGINNING OF MONTH | SEE EXHIBIT A | |||||||||||||||
RECEIPTS | ||||||||||||||||
CASH SALES | ||||||||||||||||
ACCOUNTS RECEIVABLE | ||||||||||||||||
LOANS AND ADVANCES | ||||||||||||||||
SALE OF ASSETS | ||||||||||||||||
OTHER (ATTACH LIST) | ||||||||||||||||
TRANSFERS (FROM DIP ACCTS) | ||||||||||||||||
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TOTAL RECEIPTS | ||||||||||||||||
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DISBURSEMENTS | ||||||||||||||||
NET PAYROLL | ||||||||||||||||
PAYROLL TAXES | ||||||||||||||||
SALES, USE & OTHER TAXES | ||||||||||||||||
INVENTORY PURCHASES | ||||||||||||||||
SECURED RENTAL/LEASES | ||||||||||||||||
INSURANCE | ||||||||||||||||
ADMINISTRATIVE | ||||||||||||||||
SELLING | ||||||||||||||||
OTHER (ATTACH LIST) | ||||||||||||||||
OWNER DRAW* | ||||||||||||||||
TRANSFERS (TO DIP ACCTS) | ||||||||||||||||
PROFESSIONAL FEES | ||||||||||||||||
U.S. TRUSTEE QUARTERLY FEES | ||||||||||||||||
COURT COSTS | ||||||||||||||||
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TOTAL DISBURSEMENTS | ||||||||||||||||
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NET CASH FLOW | ||||||||||||||||
(RECEIPTS LESS DISBURSEMENTS) | ||||||||||||||||
CASH - END OF MONTH | ||||||||||||||||
| * | COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE |
THE FOLLOWING SECTION MUST BE COMPLETED
DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES (FROM CURRENT MONTH ACTUAL COLUMN) | ||||
TOTAL DISBURSEMENTS | $ | |||
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LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS | $ | |||
PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. from escrow accounts) | $ | |||
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TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES | $ | |||
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| In re | Case No. | |||
Debtor | Reporting Period: |
BANK RECONCILIATIONS
Continuation Sheet for MOR-1
A bank reconciliation must be included for each bank account. The debtor’s bank reconciliation may be substituted for this page.
| Operating | Payroll | Tax | Other | |||||||||||||||
BALANCE PER BOOKS | # |
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BANK BALANCE | ||||||||||||||||||
(+) DEPOSITS IN TRANSIT (ATTACH LIST) | ||||||||||||||||||
(-) OUTSTANDING CHECKS (ATTACH LIST) | ||||||||||||||||||
OTHER (ATTACH EXPLANATION) | ||||||||||||||||||
ADJUSTED BANK BALANCE* | ||||||||||||||||||
* Adjusted bank balance must equal balance per books | ||||||||||||||||||
DEPOSITS IN TRANSIT | Date | Amount | Date | Amount | Date | Amount | Date | Amount | ||||||||||
CHECKS OUTSTANDING | Ck. # | Amount | Ck. # | Amount | Ck. # | Amount | Ck. # | Amount | ||||||||||
OTHER | ||||||||||||||||||
EXHIBIT A
Schedule of Cash Receipts and Disbursements
| (In Millions) | October 11, 2014 - October 31, 2014 | November 1, 2014 - November 30, 2014 | December 1, 2014 - December 31, 2014 | |||||
Cash, Beginning of Period | $ | 37.0 | ||||||
Inflows: | ||||||||
US Revenue | 0.3 | |||||||
Misc Revenue | — | |||||||
JIB Receipts | 0.6 | |||||||
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Total Inflows | $ | 0.9 | ||||||
Outflows: | ||||||||
Capital Projects | $ | (0.1 | ) | |||||
Operating Costs | — | |||||||
G&A/Other | (0.4 | ) | ||||||
Professionals | (0.1 | ) | ||||||
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Total Outflows | $ | (0.60 | ) | |||||
IC Transfers: | ||||||||
Restructuring Costs | $ | — | ||||||
US G&A | — | |||||||
US Capex | — | |||||||
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Net Cash Flow | $ | 0.30 | ||||||
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Cash, End of Period | $ | 37.3 | ||||||
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Note: All Cash Receipts and Disbursements are through Endeavour Operating Corp.
| In re Endeavour International Corporation, et al., | ||||||
Debtor1 | Case No.: | 14-12308 | ||||
MOR-1a | Reporting Period: | 10/10/2014 – 10/31/2014 | ||||
For the Period October 10, 2014 to October 31, 2014
Declaration Regarding the Reconciliation of the Debtor’s Bank Accounts
As of October 31, 2014
Catherine L. Stubbs hereby declares under penalty of injury:
| 1. | I am the Chief Financial Officer for Endeavour International Corporation, the above-captioned debtors and debtors in possession (collectively, the “Debtors”). I am familiar with the Debtors’ day-to-day operations, business, affairs and books and records. |
| 2. | All statements in this Declaration are based on my personal knowledge, my review of the relevant documents, my discussions with other employees of the Debtors, or my opinion based upon my experience and knowledge of the Debtors’ operations and financial condition. If I were called upon to testify, I could and would testify to each of the facts set forth herein based on such personal knowledge, review of documents or opinion. I am authorized to submit this Declaration on behalf of the Debtors. |
| 3. | To the best of my knowledge, the Debtors’ bank balances as of October 31, 2014 have been reconciled in an accurate and timely manner. Copies of the bank reconciliations are available for inspection upon request by the Office of the United States Trustee. |
| Dated: November 24, 2014 | Respectfully submitted, | |||
/s/ Catherine L. Stubbs | ||||
| By: Catherine L. Stubbs | ||||
| Senior Vice President & CFO | ||||
| 1 | The Debtors in these chapter 11 cases and the last four digits of each Debtor’s taxpayer identification number are as follows: Endeavour Operating Corporation (6552); Endeavour International Corporation (8389); Endeavour Colorado Corporation (0067); END Management Company (7578); Endeavour Energy New Ventures Inc. (7563); Endeavour Energy Luxembourg S.à r.l. (2113). The Debtors’ principal offices are located at 811 Main Street, Suite 2100, Houston, Texas 77002. |
| In reEndeavour International Corporation, et al., | Case No.14-12308 | |||
Debtor | Reporting Period:10/10/2014 – 10/31/2014 |
SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID
This schedule is to include all retained professional payments from case inception to current month.
Payee | Period Covered | Amount Covered | Payor | Check | Amount Paid | Year-To-Date | ||||||||||||||||||||||||
| Number | Date | Fees | Expenses | Fees | Expenses | |||||||||||||||||||||||||
Houlihan Lokey Capital, Inc. | 10/10/2014 - 10/31/2014 | $ | 100,000.00 | Endeavour International Corporation | CHIP REF: 516099**3 | 10/31/2014 | $ | 100,000.00 | $ | 0 | $ | 100,000.00 | $ | 0 | ||||||||||||||||
| In re Endeavor Operating Corporation, et al. | Case No. 14-12308 | |
| Debtor | Reporting Period: 10/10/14 – 10/31/14 |
STATEMENT OF OPERATIONS
(Income Statement)
The Statement of Operations is to be prepared on an accrual basis. The accrual basis of accounting recognizes revenue when it is realized and expenses when they are incurred, regardless of when cash is actually received or paid.
REVENUES | Month | Cumulative Filing to Date | ||||||
Gross Revenues | SEE ATTACHED EXHIBIT B | |||||||
Less: Returns and Allowances | ||||||||
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Net Revenue | $ | $ | ||||||
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COST OF GOODS SOLD | ||||||||
Beginning Inventory | ||||||||
Add: Purchases | ||||||||
Add: Cost of Labor | ||||||||
Add: Other Costs (attach schedule) | ||||||||
Less: Ending Inventory | ||||||||
Cost of Goods Sold | ||||||||
Gross Profit | ||||||||
OPERATING EXPENSES | ||||||||
Advertising | ||||||||
Auto and Truck Expense | ||||||||
Bad Debts | ||||||||
Contributions | ||||||||
Employee Benefits Programs | ||||||||
Insider Compensation* | ||||||||
Insurance | ||||||||
Management Fees/Bonuses | ||||||||
Office Expense | ||||||||
Pension & Profit-Sharing Plans | ||||||||
Repairs and Maintenance | ||||||||
Rent and Lease Expense | ||||||||
Salaries/Commissions/Fees | ||||||||
Supplies | ||||||||
Taxes - Payroll | ||||||||
Taxes - Real Estate | ||||||||
Taxes - Other | ||||||||
Travel and Entertainment | ||||||||
Utilities | ||||||||
Other (attach schedule) | ||||||||
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Total Operating Expenses Before Depreciation | ||||||||
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Depreciation/Depletion/Amortization | ||||||||
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Net Profit (Loss) Before Reorganization Items | ||||||||
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OTHER INCOME AND EXPENSES | ||||||||
Other Income (attach schedule) | ||||||||
Interest Expense | ||||||||
Other Expense (attach schedule) | ||||||||
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Net Profit (Loss) Before Reorganization Items | ||||||||
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REORGANIZATION ITEMS | ||||||||
Professional Fees | ||||||||
U.S. Trustee Quarterly Fees | ||||||||
Interest Earned on Accumulated Cash from Chapter 11 (see continuation sheet) | ||||||||
Gain (Loss) from Sale of Equipment | ||||||||
Other Reorganization Expenses (attach schedule) | ||||||||
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Total Reorganization Expenses | ||||||||
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Income Taxes | ||||||||
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Net Profit (Loss) | $ | $ | ||||||
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| * | “Insider” is defined in 11 U.S.C. Section 101(31). |
EXHIBIT B
Endeavor International Corporation Statement of Operations
| October 11, 2014 - October 31, 2014 | November 1 2014 - November 30, 2014 | December 1, 2014 - December 31, 2014 | January 1, 2015 - January 31, 2015 | |||||||
Oil Revenue | $ | — | ||||||||
Gas Revenues | — | |||||||||
Liquids Revenues | — | |||||||||
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Revenue | $ | — | ||||||||
Operating Expenses | $ | — | ||||||||
Total DD&A Expense | — | |||||||||
Goodwill Impairment Loss | — | |||||||||
General & Administrative Expense | 1,430 | |||||||||
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Total Expenses | $ | 1,430 | ||||||||
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Operating Profit (Loss) | $ | (1,430 | ) | |||||||
Gain/Loss on Derivative Instruments | $ | — | ||||||||
Total Interest Expense | — | |||||||||
Interest Income | (3,752,903 | ) | ||||||||
Restructuring Costs | — | |||||||||
Total Letter of Credit Fees | — | |||||||||
Foreign Currency Exchange (Gain) Loss | — | |||||||||
Litigation Settlements | — | |||||||||
Net Other (Income) Expense | — | |||||||||
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Other Income (Expense) | $ | (3,752,903 | ) | |||||||
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Income (Loss) Before Tax & Preferred Dividends | $ | 3,751,473 | ||||||||
Income Tax Expense | $ | — | ||||||||
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Income (Loss) Before Preferred Dividends | $ | 3,751,473 | ||||||||
Preferred Stock Dividends | $ | — | ||||||||
Net Income (Loss) | $ | 3,751,473 | ||||||||
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Endeavor Energy Luxembourg Sarl Statement of Operations
| October 11, 2014 - October 31, 2014 | November 1 2014 - November 30, 2014 | December 1, 2014 - December 31, 2014 | January 1, 2015 - January 31, 2015 | |||||||
Oil Revenue | $ | — | ||||||||
Gas Revenues | — | |||||||||
Liquids Revenues | — | |||||||||
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Revenue | $ | — | ||||||||
Operating Expenses | $ | — | ||||||||
Total DD&A Expense | — | |||||||||
Goodwill Impairment Loss | — | |||||||||
General & Administrative Expense | $ | 50,924 | ||||||||
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Total Expenses | $ | 50,924 | ||||||||
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Operating Profit (Loss) | $ | (50,924 | ) | |||||||
Gain/Loss on Derivative Instruments | $ | — | ||||||||
Total Interest Expense | — | |||||||||
Interest Income | — | |||||||||
Restructuring Costs | — | |||||||||
Total Letter of Credit Fees | — | |||||||||
Foreign Currency Exchange (Gain) Loss | (110 | ) | ||||||||
Litigation Settlements | — | |||||||||
Net Other (Income) Expense | — | |||||||||
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Other Income (Expense) | $ | (110 | ) | |||||||
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Income (Loss) Before Tax & Preferred Dividends | $ | (50,814 | ) | |||||||
Income Tax Expense | $ | — | ||||||||
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Income (Loss) Before Preferred Dividends | $ | (50,814 | ) | |||||||
Preferred Stock Dividends | $ | — | ||||||||
Net Income (Loss) | $ | (50,814 | ) | |||||||
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Endeavor New Ventures, Inc. Statement of Operations
| October 11, 2014 - October 31, 2014 | November 1 2014 - November 30, 2014 | December 1, 2014 - December 31, 2014 | January 1, 2015 - January 31, 2015 | |||||||
Oil Revenue | $ | — | ||||||||
Gas Revenues | — | |||||||||
Liquids Revenues | — | |||||||||
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Revenue | $ | — | ||||||||
Operating Expenses | $ | — | ||||||||
Total DD&A Expense | — | |||||||||
Goodwill Impairment Loss | — | |||||||||
General & Administrative Expense | — | |||||||||
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Total Expenses | $ | — | ||||||||
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Operating Profit (Loss) | $ | — | ||||||||
Gain/Loss on Derivative Instruments | $ | — | ||||||||
Total Interest Expense | — | |||||||||
Interest Income | — | |||||||||
Restructuring Costs | — | |||||||||
Total Letter of Credit Fees | — | |||||||||
Foreign Currency Exchange (Gain) Loss | — | |||||||||
Litigation Settlements | — | |||||||||
Net Other (Income) Expense | — | |||||||||
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Other Income (Expense) | $ | — | ||||||||
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Income (Loss) Before Tax & Preferred Dividends | $ | — | ||||||||
Income Tax Expense | $ | — | ||||||||
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Income (Loss) Before Preferred Dividends | $ | — | ||||||||
Preferred Stock Dividends | $ | — | ||||||||
Net Income (Loss) | $ | — | ||||||||
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Endeavor Management Company Statement of Operations
| October 11, 2014 - October 31, 2014 | November 1 2014 - November 30, 2014 | December 1, 2014 - December 31, 2014 | January 1, 2015 - January 31, 2015 | |||||||
Oil Revenue | $ | — | ||||||||
Gas Revenues | — | |||||||||
Liquids Revenues | — | |||||||||
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Revenue | $ | — | ||||||||
Operating Expenses | $ | — | ||||||||
Total DD&A Expense | — | |||||||||
Goodwill Impairment Loss | — | |||||||||
General & Administrative Expense | — | |||||||||
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Total Expenses | $ | — | ||||||||
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Operating Profit (Loss) | $ | — | ||||||||
Gain/Loss on Derivative Instruments | $ | — | ||||||||
Total Interest Expense | — | |||||||||
Interest Income | — | |||||||||
Restructuring Costs | — | |||||||||
Total Letter of Credit Fees | — | |||||||||
Foreign Currency Exchange (Gain) Loss | — | |||||||||
Litigation Settlements | — | |||||||||
Net Other (Income) Expense | — | |||||||||
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Other Income (Expense) | $ | — | ||||||||
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Income (Loss) Before Tax & Preferred Dividends | $ | — | ||||||||
Income Tax Expense | $ | — | ||||||||
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Income (Loss) Before Preferred Dividends | $ | — | ||||||||
Preferred Stock Dividends | $ | — | ||||||||
Net Income (Loss) | $ | — | ||||||||
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Endeavor Colorado Corporation Statement of Operations
| October 11, 2014 - October 31, 2014 | November 1 2014 - November 30, 2014 | December 1, 2014 - December 31, 2014 | January 1, 2015 - January 31, 2015 | |||||||
Oil Revenue | $ | — | ||||||||
Gas Revenues | — | |||||||||
Liquids Revenues | — | |||||||||
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Revenue | $ | — | ||||||||
Operating Expenses | $ | 17 | ||||||||
Total DD&A Expense | 232 | |||||||||
Goodwill Impairment Loss | — | |||||||||
General & Administrative Expense | — | |||||||||
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Total Expenses | $ | 249 | ||||||||
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Operating Profit (Loss) | $ | (249 | ) | |||||||
Gain/Loss on Derivative Instruments | $ | — | ||||||||
Total Interest Expense | — | |||||||||
Interest Income | — | |||||||||
Restructuring Costs | — | |||||||||
Total Letter of Credit Fees | — | |||||||||
Foreign Currency Exchange (Gain) Loss | — | |||||||||
Litigation Settlements | — | |||||||||
Net Other (Income) Expense | — | |||||||||
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Other Income (Expense) | $ | — | ||||||||
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Income (Loss) Before Tax & Preferred Dividends | $ | (249 | ) | |||||||
Income Tax Expense | $ | — | ||||||||
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Income (Loss) Before Preferred Dividends | $ | (249 | ) | |||||||
Preferred Stock Dividends | $ | — | ||||||||
Net Income (Loss) | $ | (249 | ) | |||||||
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Endeavor Operating Corporation Statement of Operations
| October 11, 2014 - October 31, 2014 | November 1 2014 - November 30, 2014 | December 1, 2014 - December 31, 2014 | January 1, 2015 - January 31, 2015 | |||||||
Oil Revenue | $ | (308 | ) | |||||||
Gas Revenues | 267,948 | |||||||||
Liquids Revenues | — | |||||||||
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Revenue | $ | 267,640 | ||||||||
Operating Expenses | $ | 281,826 | ||||||||
Total DD&A Expense | 76,954 | |||||||||
Goodwill Impairment Loss | — | |||||||||
General & Administrative Expense | 12,943 | |||||||||
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Total Expenses | $ | 371,723 | ||||||||
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Operating Profit (Loss) | $ | (104,083 | ) | |||||||
Gain/Loss on Derivative Instruments | $ | — | ||||||||
Total Interest Expense | 3,753,039 | |||||||||
Interest Income | (3,387,097 | ) | ||||||||
Restructuring Costs | 2,326,801 | |||||||||
Total Letter of Credit Fees | — | |||||||||
Foreign Currency Exchange (Gain) Loss | 152 | |||||||||
Litigation Settlements | — | |||||||||
Net Other (Income) Expense | (127,363 | ) | ||||||||
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Other Income (Expense) | $ | 2,565,532 | ||||||||
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Income (Loss) Before Tax & Preferred Dividends | $ | (2,669,615 | ) | |||||||
Income Tax Expense | $ | — | ||||||||
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Income (Loss) Before Preferred Dividends | $ | (2,669,615 | ) | |||||||
Preferred Stock Dividends | $ | — | ||||||||
Net Income (Loss) | $ | (2,669,615 | ) | |||||||
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| In re: Endeavor Operating Corporation, et. al | Case No. 14-12308 | |
| Debtor | Reporting Period: 10/10/14 – 10/31/14 |
BALANCE SHEET
The Balance Sheet is to be completed on an accrual basis only. Pre-petition liabilities must be classified separately from postpetition obligations.
ASSETS CURRENT ASSETS | BOOK VALUE AT END OF CURRENT REPORTING MONTH | BOOK VALUE ON PETITION DATE | ||||||
Unrestricted Cash and Equivalents | SEE ATTACHED EXHIBIT C | |||||||
Restricted Cash and Cash Equivalents (see continuation sheet) | ||||||||
Accounts Receivable (Net) | ||||||||
Notes Receivable | ||||||||
Inventories | ||||||||
Prepaid Expenses | ||||||||
Professional Retainers | ||||||||
Other Current Assets (attach schedule) | ||||||||
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TOTAL CURRENT ASSETS | $ | $ | ||||||
|
|
|
| |||||
PROPERTY AND EQUIPMENT | ||||||||
Real Property and Improvements | ||||||||
Machinery and Equipment | ||||||||
Furniture, Fixtures and Office Equipment | ||||||||
Leasehold Improvements | ||||||||
Vehicles | ||||||||
Less Accumulated Depreciation | ||||||||
|
|
|
| |||||
TOTAL PROPERTY & EQUIPMENT | $ | $ | ||||||
|
|
|
| |||||
OTHER ASSETS | ||||||||
Loans to Insiders* | ||||||||
Other Assets (attach schedule) | ||||||||
|
|
|
| |||||
TOTAL OTHER ASSETS | $ | $ | ||||||
|
|
|
| |||||
TOTAL ASSETS | $ | $ | ||||||
|
|
|
| |||||
LIABILITIES AND OWNER EQUITY LIABILITIES NOT SUBJECT TO COMPROMISE | BOOK VALUE AT END OF CURRENT REPORTING MONTH | BOOK VALUE ON PETITION DATE | ||||||
Accounts Payable | ||||||||
Taxes Payable (refer to FORM MOR-4) | ||||||||
Wages Payable | ||||||||
Notes Payable | ||||||||
Rent/Leases - Building/Equipment | ||||||||
Secured Debt/Adequate Protection Payments | ||||||||
Professional Fees | ||||||||
Amounts Due to Insiders* | ||||||||
Other Postpetition Liabilities (attach schedule) | ||||||||
|
|
|
| |||||
TOTAL POSTPETITION LIABILITIES | $ | $ | ||||||
|
|
|
| |||||
LIABILITIES SUBJECT TO COMPROMISE (Pre-Petition) | ||||||||
Secured Debt | ||||||||
Priority Debt | ||||||||
Unsecured Debt | ||||||||
|
|
|
| |||||
TOTAL PRE-PETITION LIABILITIES | ||||||||
|
|
|
| |||||
|
|
|
| |||||
TOTAL LIABILITIES | $ | $ | ||||||
|
|
|
| |||||
OWNER EQUITY | ||||||||
Capital Stock | ||||||||
Additional Paid-In Capital | ||||||||
Partners’ Capital Account | ||||||||
Owner’s Equity Account | ||||||||
Retained Earnings - Pre-Petition | ||||||||
Retained Earnings - Postpetition | ||||||||
Adjustments to Owner Equity (attach schedule) | ||||||||
Postpetition Contributions (Distributions)(Draws)(attach schedule) | ||||||||
NET OWNER EQUITY | $ | $ | ||||||
|
|
|
| |||||
TOTAL LIABILITIES AND OWNERS’ EQUITY | $ | $ | ||||||
|
|
|
| |||||
| * | “Insider” is defined in 11 U.S.C. Section 101(31). |
EXHIBIT C
Endeavor International Corporation Balance Sheet
| October 31, 2014 | November 30, 2014 | December 31, 2014 | January 31, 2014 | |||||||
Cash & Cash Equivalents | $ | — | ||||||||
Restricted Cash - Current | — | |||||||||
Accounts Receivables | — | |||||||||
Intercompany Receivables | 469,404,392 | |||||||||
Total Other Current Assets | 16,719,198 | |||||||||
|
|
|
|
| ||||||
Current Assets | $ | 486,123,590 | ||||||||
Property, Plant & Equipment | $ | — | ||||||||
Investments | 57,661,973 | |||||||||
Goodwill | — | |||||||||
Restricted Cash | — | |||||||||
Other Assets | — | |||||||||
Long-Term Intercompany | 554,000,000 | |||||||||
|
|
|
|
| ||||||
Long Term Assets | $ | 611,661,973 | ||||||||
Total Assets | $ | 1,097,785,563 | ||||||||
|
|
|
|
| ||||||
Total Accounts Payable | $ | — | ||||||||
Total Accrued Expenses | 44,782,107 | |||||||||
Current Maturities Of Debt | 693,598,349 | |||||||||
Current Portion - Production Payment | — | |||||||||
Deferred Revenue | — | |||||||||
Taxes Payable | — | |||||||||
Intercompany Payable | 669,430 | |||||||||
Total Other Current Liabilities | — | |||||||||
|
|
|
|
| ||||||
Current Liabilities | $ | 739,049,885 | ||||||||
Long-Term Debt | $ | — | ||||||||
Deferred Tax Liability | — | |||||||||
ARO Liability | — | |||||||||
Long Term - Production Payment | — | |||||||||
Long Term Intercompany | — | |||||||||
Other Long Term Liabilities | — | |||||||||
|
|
|
|
| ||||||
Total Liabilities | $ | 739,049,885 | ||||||||
Redeemable Preferred Stock | $ | 17,481,175 | ||||||||
Preferred Stock | $ | 20 | ||||||||
Common Stock | 53,013 | |||||||||
APIC | 560,004,806 | |||||||||
Treasury Stock | (586,841 | ) | ||||||||
Accumulated Earnings (Deficit) | (218,216,496 | ) | ||||||||
|
|
|
|
| ||||||
Stockholders’ Equity | $ | 341,254,503 | ||||||||
Total Liabilities & Stockholders’ Equity | $ | 1,097,785,563 | ||||||||
|
|
|
|
| ||||||
Endeavor Energy Luxembourg Sarl Balance Sheet
| October 31, 2014 | November 30, 2014 | December 31, 2014 | January 31, 2014 | |||||||
Cash & Cash Equivalents | $ | 45,899 | ||||||||
Restricted Cash - Current | — | |||||||||
Accounts Receivables | — | |||||||||
Intercompany Receivables | — | |||||||||
Total Other Current Assets | 228,730 | |||||||||
|
|
|
|
| ||||||
Current Assets | $ | 274,629 | ||||||||
Property, Plant & Equipment | $ | — | ||||||||
Investments | — | |||||||||
Goodwill | — | |||||||||
Restricted Cash | — | |||||||||
Other Assets | 2,708,461 | |||||||||
Long-Term Intercompany | 78,245,339 | |||||||||
|
|
|
|
| ||||||
Long Term Assets | $ | 80,953,800 | ||||||||
Total Assets | $ | 81,228,430 | ||||||||
|
|
|
|
| ||||||
Total Accounts Payable | $ | — | ||||||||
Total Accrued Expenses | 174,471 | |||||||||
Current Maturities Of Debt | 82,682,642 | |||||||||
Current Portion - Production Payment | — | |||||||||
Deferred Revenue | — | |||||||||
Taxes Payable | 55,007 | |||||||||
Intercompany Payable | 3,169,755 | |||||||||
Total Other Current Liabilities | — | |||||||||
|
|
|
|
| ||||||
Current Liabilities | $ | 86,081,875 | ||||||||
Long-Term Debt | $ | — | ||||||||
Deferred Tax Liability | — | |||||||||
ARO Liability | — | |||||||||
Long Term - Production Payment | — | |||||||||
Long Term Intercompany | — | |||||||||
Other Long Term Liabilities | — | |||||||||
|
|
|
|
| ||||||
Total Liabilities | $ | 86,081,875 | ||||||||
Redeemable Preferred Stock | $ | — | ||||||||
Preferred Stock | $ | — | ||||||||
Common Stock | — | |||||||||
APIC | 37,485 | |||||||||
Treasury Stock | — | |||||||||
Accumulated Earnings (Deficit) | (4,890,930 | ) | ||||||||
|
|
|
|
| ||||||
Stockholder’s Equity | $ | (4,853,445 | ) | |||||||
Total Liabilities & Stockholder’s Equity | $ | 81,228,430 | ||||||||
|
|
|
|
| ||||||
Endeavor New Ventures, Inc. Balance Sheet
| October 31, 2014 | November 30, 2014 | December 31, 2014 | January 31, 2014 | |||||||
Cash & Cash Equivalents | $ | — | ||||||||
Restricted Cash - Current | — | |||||||||
Accounts Receivables | — | |||||||||
Intercompany Receivables | 280,153 | |||||||||
Total Other Current Assets | — | |||||||||
|
|
|
|
| ||||||
Current Assets | $ | 280,153 | ||||||||
Property, Plant & Equipment | $ | — | ||||||||
Investments | — | |||||||||
Goodwill | — | |||||||||
Restricted Cash | — | |||||||||
Other Assets | — | |||||||||
Long-Term Intercompany | — | |||||||||
|
|
|
|
| ||||||
Long Term Assets | $ | — | ||||||||
Total Assets | $ | 280,153 | ||||||||
|
|
|
|
| ||||||
Total Accounts Payable | $ | — | ||||||||
Total Accrued Expenses | — | |||||||||
Current Maturities Of Debt | — | |||||||||
Current Portion - Production Payment | — | |||||||||
Deferred Revenue | — | |||||||||
Taxes Payable | — | |||||||||
Intercompany Payable | — | |||||||||
Total Other Current Liabilities | — | |||||||||
|
|
|
|
| ||||||
Current Liabilities | $ | — | ||||||||
Long-Term Debt | $ | — | ||||||||
Deferred Tax Liability | — | |||||||||
ARO Liability | — | |||||||||
Long Term - Production Payment | — | |||||||||
Long Term Intercompany | — | |||||||||
Other Long Term Liabilities | — | |||||||||
|
|
|
|
| ||||||
Total Liabilities | $ | — | ||||||||
Redeemable Preferred Stock | $ | — | ||||||||
Preferred Stock | $ | — | ||||||||
Common Stock | 1 | |||||||||
APIC | 3,478,898 | |||||||||
Treasury Stock | — | |||||||||
Accumulated Earnings (Deficit) | (3,198,746 | ) | ||||||||
|
|
|
|
| ||||||
Stockholder’s Equity | $ | 280,153 | ||||||||
Total Liabilities & Stockholder’s Equity | $ | 280,153 | ||||||||
|
|
|
|
| ||||||
Endeavor Management Company Balance Sheet
| October 31, 2014 | November 30, 2014 | December 31, 2014 | January 31, 2014 | |||||||
Cash & Cash Equivalents | $ | — | ||||||||
Restricted Cash - Current | — | |||||||||
Accounts Receivables | — | |||||||||
Intercompany Receivables | 648,349 | |||||||||
Total Other Current Assets | — | |||||||||
|
|
|
|
| ||||||
Current Assets | $ | 648,349 | ||||||||
Property, Plant & Equipment | $ | 2,862,882 | ||||||||
Investments | — | |||||||||
Goodwill | — | |||||||||
Restricted Cash | — | |||||||||
Other Assets | — | |||||||||
Long-Term Intercompany | — | |||||||||
|
|
|
|
| ||||||
Long Term Assets | $ | 2,862,882 | ||||||||
Total Assets | $ | 3,511,231 | ||||||||
|
|
|
|
| ||||||
Total Accounts Payable | $ | — | ||||||||
Total Accrued Expenses | — | |||||||||
Current Maturities Of Debt | — | |||||||||
Current Portion - Production Payment | — | |||||||||
Deferred Revenue | — | |||||||||
Taxes Payable | — | |||||||||
Intercompany Payable | 14,354,530 | |||||||||
Total Other Current Liabilities | — | |||||||||
|
|
|
|
| ||||||
Current Liabilities | $ | 14,354,530 | ||||||||
Long-Term Debt | $ | — | ||||||||
Deferred Tax Liability | — | |||||||||
ARO Liability | — | |||||||||
Long Term - Production Payment | — | |||||||||
Long Term Intercompany | — | |||||||||
Other Long Term Liabilities | — | |||||||||
|
|
|
|
| ||||||
Total Liabilities | $ | 14,354,530 | ||||||||
Redeemable Preferred Stock | $ | — | ||||||||
Preferred Stock | $ | — | ||||||||
Common Stock | 10 | |||||||||
APIC | 15,597,652 | |||||||||
Treasury Stock | — | |||||||||
Accumulated Earnings (Deficit) | (26,440,961 | ) | ||||||||
|
|
|
|
| ||||||
Stockholder’s Equity | $ | (10,843,299 | ) | |||||||
Total Liabilities & Stockholder’s Equity | $ | 3,511,231 | ||||||||
|
|
|
|
| ||||||
Endeavor Colorado Company Balance Sheet
| October 31, 2014 | November 30, 2014 | December 31, 2014 | January 31, 2014 | |||||||
Cash & Cash Equivalents | $ | — | ||||||||
Restricted Cash - Current | — | |||||||||
Accounts Receivables | 982,702 | |||||||||
Intercompany Receivables | — | |||||||||
Total Other Current Assets | — | |||||||||
|
|
|
|
| ||||||
Current Assets | $ | 982,702 | ||||||||
Property, Plant & Equipment | $ | 11,307,054 | ||||||||
Investments | — | |||||||||
Goodwill | — | |||||||||
Restricted Cash | — | |||||||||
Other Assets | — | |||||||||
Long-Term Intercompany | — | |||||||||
|
|
|
|
| ||||||
Long Term Assets | $ | 11,307,054 | ||||||||
Total Assets | $ | 12,289,756 | ||||||||
|
|
|
|
| ||||||
Total Accounts Payable | $ | 1,011,349 | ||||||||
Total Accrued Expenses | 839,206 | |||||||||
Current Maturities Of Debt | — | |||||||||
Current Portion - Production Payment | — | |||||||||
Deferred Revenue | — | |||||||||
Taxes Payable | — | |||||||||
Intercompany Payable | 10,347,742 | |||||||||
Total Other Current Liabilities | — | |||||||||
|
|
|
|
| ||||||
Current Liabilities | $ | 12,198,298 | ||||||||
Long-Term Debt | $ | — | ||||||||
Deferred Tax Liability | — | |||||||||
ARO Liability | 35,241 | |||||||||
Long Term - Production Payment | — | |||||||||
Long Term Intercompany | — | |||||||||
Other Long Term Liabilities | — | |||||||||
|
|
|
|
| ||||||
Total Liabilities | $ | 12,233,538 | ||||||||
|
|
|
| |||||||
Redeemable Preferred Stock | $ | — | ||||||||
Preferred Stock | $ | — | ||||||||
Common Stock | — | |||||||||
APIC | — | |||||||||
Treasury Stock | — | |||||||||
Accumulated Earnings (Deficit) | 56,218 | |||||||||
|
|
|
|
| ||||||
Stockholder’s Equity | $ | 56,218 | ||||||||
Total Liabilities & Stockholder’s Equity | $ | 12,289,756 | ||||||||
|
|
|
|
| ||||||
Endeavor Operating Corporation Balance Sheet
| October 31, 2014 | November 30, 2014 | December 31, 2014 | January 31, 2014 | |||||||
Cash & Cash Equivalents | $ | 37,316,408 | ||||||||
Restricted Cash - Current | 50,176 | |||||||||
Accounts Receivables | 2,101,571 | |||||||||
Intercompany Receivables | 66,690,504 | |||||||||
Total Other Current Assets | 13,345,465 | |||||||||
|
|
|
|
| ||||||
Current Assets | $ | 119,504,123 | ||||||||
Property, Plant & Equipment | $ | 84,751,882 | ||||||||
Investments | 238,153,544 | |||||||||
Goodwill | — | |||||||||
Restricted Cash | — | |||||||||
Other Assets | 10,050 | |||||||||
Long-Term Intercompany | 500,000,000 | |||||||||
|
|
|
|
| ||||||
Long Term Assets | $ | 822,915,476 | ||||||||
Total Assets | $ | 942,419,599 | ||||||||
|
|
|
|
| ||||||
Total Accounts Payable | $ | 1,346,554 | ||||||||
Total Accrued Expenses | 1,633,618 | |||||||||
Current Maturities Of Debt | — | |||||||||
Current - Portion - Production Payment | — | |||||||||
Deferred Revenue | — | |||||||||
Taxes Payable | 9,053 | |||||||||
Intercompany Payable | 568,388,412 | |||||||||
Total Other Current Liabilities | 1,100,256 | |||||||||
|
|
|
|
| ||||||
Current Liabilities | $ | 572,477,892 | ||||||||
Long-Term Debt | $ | — | ||||||||
Deferred Tax Liability | — | |||||||||
ARO Liability | 428,707 | |||||||||
Long Term - Production Payment | — | |||||||||
Long Term Intercompany | 554,000,000 | |||||||||
Other Long Term Liabilities | 3,902,468 | |||||||||
|
|
|
|
| ||||||
Total Liabilities | $ | 1,130,809,067 | ||||||||
Redeemable Preferred Stock | $ | — | ||||||||
Preferred Stock | $ | — | ||||||||
Common Stock | 1,000 | |||||||||
APIC | 57,660,973 | |||||||||
Treasury Stock | — | |||||||||
Accumulated Earnings (Deficit) | (246,051,441 | ) | ||||||||
|
|
|
|
| ||||||
Stockholder’s Equity | $ | (188,389,468 | ) | |||||||
Total Liabilities & Stockholder’s Equity | $ | 942,419,599 | ||||||||
|
|
|
|
| ||||||
| In re Endeavor Operating Corporation, et al. | Case No. 14-12308 | |||
| Debtor | Reporting Period: 10/10/14 – 10/31/14 |
STATUS OF POSTPETITION TAXES
The beginning tax liability should be the ending liability from the prior month or, if this is the first report, the amount should be zero. Attach photocopies of IRS Form 6123 or payment receipt to verify payment or deposit of federal payroll taxes.
Attach photocopies of any tax returns filed during the reporting period.
Federal | Beginning Tax Liability | Amount Withheld or Accrued | Amount Paid | Date Paid | Check No. or EFT | Ending Tax Liability | ||||||||||||||
Withholding | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||
FICA-Employee | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||
FICA-Employer | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||
Unemployment | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||
Income | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||
Other: | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||||||
Total Federal Taxes | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||||||
State and Local | ||||||||||||||||||||
Withholding | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||
Sales | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||
Excise | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||
Unemployment | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||
Real Property | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||
Personal Property | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||
Other | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||||||
Total State and Local | ||||||||||||||||||||
|
|
|
|
|
|
|
| |||||||||||||
Total Taxes | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||||||
NOTE: The Company accrues for severance taxes on a quarterly basis. The average severance taxes incurred based on production is $7,000/month.
| In re Endeavor Operating Corporation, et al. | Case No. 14-12308 | |
| Debtor | Reporting Period: 10/10/14 – 10/31/14 |
SUMMARY OF UNPAID POSTPETITION DEBTS
See attached aged listing of accounts payable.
| Number of Days Past Due | ||||||||||||||||||||
| Current | 0-30 | 31-60 | 61-90 | Over 90 | Total | |||||||||||||||
Accounts Payable | $ | 536,506.85 | $ | 73,532.19 | $ | 331.92 | $ | 610,370.96 | ||||||||||||
Wages Payable | $ | 3,780.00 | $ | 3,780.00 | ||||||||||||||||
Taxes Payable | ||||||||||||||||||||
Rent/Leases-Building | ||||||||||||||||||||
Rent/Leases-Equipment | ||||||||||||||||||||
Secured Debt/Adequate Protection Payments | ||||||||||||||||||||
Professional Fees | ||||||||||||||||||||
Amounts Due to Insiders* | ||||||||||||||||||||
Other: | ||||||||||||||||||||
Other: | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Postpetition Debts | $ | 536,506.85 | $ | 77,312.19 | $ | 331.92 | $ | 614,150.96 | ||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
| * | “Insider” is defined in 11 U.S.C. Section 101(31). |
Endeavour Operating Corp
Payables Aging Report
| Days Outstanding | ||||||||||||||||||||||||||
Vendor | Due date | Balance at October 31, 2014 | Current | 0-30 | 31-60 | 61-90 | >90 | |||||||||||||||||||
Newtek Technology Services | 10/14/2014 | $ | 15.99 | $ | — | $ | 15.99 | $ | — | $ | — | $ | — | |||||||||||||
Precision Graphics Centers | 11/17/2014 | 40.18 | 40.18 | — | — | — | — | |||||||||||||||||||
AT&T Mobility | 10/16/2014 | 68.90 | — | 68.90 | — | — | — | |||||||||||||||||||
Shred-it | 11/9/2014 | 75.13 | 75.13 | — | — | — | — | |||||||||||||||||||
Pitney Bowes Inc. | 10/28/2014 | 80.73 | — | 80.73 | — | — | — | |||||||||||||||||||
AT&T Long Distance | 11/16/2014 | 103.39 | 103.39 | — | — | — | — | |||||||||||||||||||
Appriver(1) | 9/17/2014 | 142.24 | — | — | 142.24 | — | — | |||||||||||||||||||
Interior Foliage & Design | 11/30/2014 | 144.30 | 144.30 | — | — | — | — | |||||||||||||||||||
Direct TV-Pending | 11/10/2014 | 166.82 | 166.82 | — | — | — | — | |||||||||||||||||||
Roadrunner Moving & Storage(1) | 10/1/2014 | 189.68 | — | — | 189.68 | — | — | |||||||||||||||||||
FedEx | 11/6/2014 | 214.34 | 214.34 | — | — | — | — | |||||||||||||||||||
Plant Interscapes, Inc. | 10/31/2014 | 227.94 | — | 227.94 | — | — | — | |||||||||||||||||||
Staples | 11/24/2014 | 265.62 | 265.62 | — | — | — | — | |||||||||||||||||||
The NASDAQ OMX Group, Inc. | 11/14/2014 | 364.86 | 364.86 | — | — | — | — | |||||||||||||||||||
Long View Systems Corporation (USA) | 11/30/2014 | 660.00 | 660.00 | — | — | — | — | |||||||||||||||||||
Cypress Operating | 11/21/2014 | 705.67 | 705.67 | — | — | — | — | |||||||||||||||||||
Innovative Geo-Tech Resources | 10/31/2014 | 722.50 | — | 722.50 | — | — | — | |||||||||||||||||||
Konica Minolta-Pending | 11/5/2014 | 1,188.34 | 1,188.34 | — | — | — | — | |||||||||||||||||||
Ace Trucking, LLC | 11/16/2014 | 1,720.00 | 1,720.00 | — | — | — | — | |||||||||||||||||||
Roadrunner Hotshot Inc | 11/10/2014 | 3,355.00 | 3,355.00 | — | — | — | — | |||||||||||||||||||
LDNK LLC | 11/27/2014 | 3,380.00 | 3,380.00 | — | — | — | — | |||||||||||||||||||
RAIN FOR RENT | 11/13/2014 | 3,661.81 | 3,661.81 | — | — | — | — | |||||||||||||||||||
Goode Systems & Consulting, Inc | 10/15/2014 | 3,770.89 | — | 3,770.89 | — | — | — | |||||||||||||||||||
Western Energy Alliance | 11/9/2014 | 5,000.00 | 5,000.00 | — | — | — | — | |||||||||||||||||||
SmartPros Ltd. | 10/24/2014 | 5,645.24 | — | 5,645.24 | — | — | — | |||||||||||||||||||
R & T Oilfield Services, Inc. | 11/14/2014 | 5,859.98 | 5,859.98 | — | — | — | — | |||||||||||||||||||
MASTER PETROLEUM | 11/13/2014 | 7,345.04 | 7,345.04 | — | — | — | — | |||||||||||||||||||
WESTROC TRUCKING, INC | 11/28/2014 | 7,700.00 | 7,700.00 | — | — | — | — | |||||||||||||||||||
BOLTON CONSTRUCTION, LLC | 11/13/2014 | 9,625.87 | 9,625.87 | — | — | — | — | |||||||||||||||||||
REDI SERVICES, LLC | 11/19/2014 | 11,445.00 | 11,445.00 | — | — | — | — | |||||||||||||||||||
Time Warner Telecom | 11/14/2014 | 12,815.10 | 12,815.10 | — | — | — | — | |||||||||||||||||||
Connell Resources, Inc | 11/6/2014 | 15,200.31 | 15,200.31 | — | — | — | — | |||||||||||||||||||
Oracle America, Inc | 11/8/2014 | 16,442.12 | 16,442.12 | — | — | — | — | |||||||||||||||||||
Wagner Rents, Inc | 11/22/2014 | 16,752.21 | 16,752.21 | — | — | — | — | |||||||||||||||||||
Steamboat Energy Consultants | 11/19/2014 | 18,477.13 | 18,477.13 | — | — | — | — | |||||||||||||||||||
The NASDAQ OMX Group, Inc. | 11/14/2014 | 23,097.59 | 23,097.59 | — | — | — | — | |||||||||||||||||||
Rocky Mountain WIreline Service, Inc | 11/14/2014 | 27,433.53 | 27,433.53 | — | — | — | — | |||||||||||||||||||
SEABOARD | 11/14/2014 | 35,687.18 | 35,687.18 | — | — | — | — | |||||||||||||||||||
Schlumberger | 11/14/2014 | 37,080.59 | 37,080.59 | — | — | — | — | |||||||||||||||||||
Rogue Pressure Services LTD | 11/1/2014 | 46,121.00 | 46,121.00 | — | — | — | — | |||||||||||||||||||
HEROD INDUSTRIES | 11/11/2014 | 57,640.00 | 57,640.00 | — | — | — | — | |||||||||||||||||||
BUFFALO HORN PROPERTIES, LLC | 10/29/2014 | 63,000.00 | — | 63,000.00 | — | — | — | |||||||||||||||||||
Hoss Pressure Testing, LLC | 11/26/2014 | 71,715.00 | 71,715.00 | — | — | — | — | |||||||||||||||||||
DSCHAAKS CONSULTING & TRUCKING, LLC | 11/14/2014 | 95,023.74 | 95,023.74 | — | — | — | — | |||||||||||||||||||
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Trade Payables Total | $ | 610,370.96 | $ | 536,506.85 | $ | 73,532.19 | $ | 331.92 | $ | — | $ | — | ||||||||||||||
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| Days Outstanding | ||||||||||||||||||||||||||
Employee | Due date | Balance at October 31, 2014 | Current | 0-30 | 31-60 | 61-90 | >90 | |||||||||||||||||||
G.M. Murata | 10/31/2014 | $ | 3,780.00 | $ | — | $ | 3,780.00 | $ | — | $ | — | $ | — | |||||||||||||
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Wages Payable Total | $ | 3,780.00 | $ | 3,780.00 | $ | — | $ | — | $ | — | ||||||||||||||||
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Grand Total | $ | 614,150.96 | $ | 536,506.85 | $ | 77,312.19 | $ | 331.92 | $ | — | $ | — | ||||||||||||||
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| (1) | The billings on this respective invoice are a prepay for services during the month of October. The amount payable has been prorated out to reflect services for the respective period. |
| In re: Endeavor Operating Corporation, et al | Case No. 14-12308 | |
| Debtor | Reporting Period: 10/10/14 – 10/31/14 |
ACCOUNTS RECEIVABLE RECONCILIATION AND AGING
Accounts Receivable Reconciliation | Amount | |||||||
Total Accounts Receivable at the beginning of the reporting period | $ | 2,987,202 | ||||||
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+ Amounts billed during the period | $ | 147,280 | ||||||
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- Amounts collected during the period | ($ | 50,209 | ) | |||||
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Total Accounts Receivable at the end of the reporting period | $ | 3,084,273 | ||||||
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Accounts Receivable Aging | Amount | |||||||
0 - 30 days old | $ | 1,067,621 | ||||||
31 - 60 days old | $ | 470,666 | ||||||
61 - 90 days old | $ | 769,805 | ||||||
91+ days old | $ | 776,181 | ||||||
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Total Accounts Receivable | $ | 3,084,273 | ||||||
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Amount considered uncollectible (Bad Debt) | ||||||||
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Accounts Receivable (Net) | $ | 3,084,273 | ||||||
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DEBTOR QUESTIONNAIRE
Must be completed each month | Yes | No | ||||
| 1. | Have any assets been sold or transferred outside the normal course of business this reporting period? If yes, provide an explanation below. | X | ||||
| 2. | Have any funds been disbursed from any account other than a debtor in possession account this reporting period? If yes, provide an explanation below. | X | ||||
| 3. | Have all postpetition tax returns been timely filed? If no, provide an explanation below. | X | ||||
| 4. | Are workers compensation, general liability and other necessary insurance coverages in effect? If no, provide an explanation below. | X | ||||
| 5. | Has any bank account been opened during the reporting period? If yes, provide documentation identifying the opened account(s). If an investment account has been opened provide the required documentation pursuant to the Delaware Local Rule 4001-3. | X | ||||