EXHIBIT 99.2
UNITED STATES BANKRUPTCY COURT
DISTRICT OF DELAWARE
In re: Axion International, Inc. | Case No.: 15-12415 |
Reporting Period: April 2016 |
MONTHLY OPERATING REPORT
File with Court and submit copy to United States Trustee within 20 days after end of month
Submit copy of report to any official committee appointed in the case.
Document | Explanation | Affidavit/Supplement | ||||||
REQUIRED DOCUMENTS | Form No. | Attached | Attached | Attached | ||||
Schedule of Cash Receipts and Disbursements | MOR-1 | Y | Y | |||||
Bank Reconciliation (or copies of debtor’s bank reconciliations) | MOR-1a | Y | ||||||
Schedule of Professional Fees Paid | MOR-1b | Y | ||||||
Copies of bank statements | Y | |||||||
Cash disbursements journals | Y | |||||||
Statement of Operations | MOR-2 | Y | Y | |||||
Balance Sheet | MOR-3 | Y | Y | |||||
Status of Postpetition Taxes | MOR-4 | Y | ||||||
Copies of IRS Form 6123 or payment receipt | N | |||||||
Copies of tax returns filed during reporting period | N | |||||||
Summary of Unpaid Postpetition Debts | MOR-4 | Y | ||||||
Listing of aged accounts payable | MOR-4 | Y | ||||||
Accounts Receivable Reconciliation and Aging | MOR-5 | Y | ||||||
Debtor Questionnaire | MOR-5 | Y |
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.
/s/ Donald W. Fallon | May 17, 2016 | ||
Signature of Debtor | Date | ||
/s/ Donald W. Fallon | May 17, 2016 | ||
Signature of Joint Debtor | Date | ||
/s/ Donald W. Fallon | May 17, 2016 | ||
Signature of Authorized Individual* | Date | ||
Donald W. Fallon | CFO & Treasurer | ||
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.
In re Axion International, Inc. | Case No. 15-12415 (15-12416 & 15-12417) |
Debtor | Reporting Period: April 2016 |
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 filed. 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 (CON’T)]
BANK ACCOUNTS | CURRENT MONTH | CUMULATIVE FILING TO DATE | ||||||||||||||||||||||||||||||
OPER. | PAYROLL | Utility Dep | ACTUAL | PROJECTED | ACTUAL | PROJECTED | ||||||||||||||||||||||||||
CASH BEGINNING OF MONTH | $ | 261,454 | $ | 5,339 | $ | - | $ | 9,499 | $ | 276,292 | $ | 224,159 | $ | 36,452 | $ | 188,571 | ||||||||||||||||
RECEIPTS | ||||||||||||||||||||||||||||||||
CASH SALES | $ | - | $ | - | $ | - | ||||||||||||||||||||||||||
ACCOUNTS RECEIVABLE | $ | 707,669 | $ | 707,669 | $ | 1,875,850 | $ | 5,130,564 | $ | 6,345,202 | ||||||||||||||||||||||
LOANS AND ADVANCES | $ | 400,000 | $ | 400,000 | $ | - | $ | 1,850,000 | $ | 1,825,000 | ||||||||||||||||||||||
SALE OF ASSETS | $ | - | $ | - | $ | 47,500 | $ | - | ||||||||||||||||||||||||
OTHER (ATTACH LIST) | $ | - | $ | - | $ | (5,727 | ) | $ | - | |||||||||||||||||||||||
TRANSFERS (FROM DIP ACCTS) | $ | 323,000 | $ | 323,000 | $ | - | $ | 801,999 | $ | - | ||||||||||||||||||||||
MISCELLANEOUS | $ | - | $ | - | $ | 8 | $ | - | ||||||||||||||||||||||||
TOTAL RECEIPTS | $ | 1,107,669 | $ | 323,000 | $ | - | $ | - | $ | 1,430,669 | $ | 1,875,850 | $ | 7,824,343 | $ | 8,170,202 | ||||||||||||||||
DISBURSEMENTS | ||||||||||||||||||||||||||||||||
NET PAYROLL | $ | 235,539 | $ | 235,539 | $ | 334,274 | $ | 1,248,107 | $ | 1,758,577 | ||||||||||||||||||||||
PAYROLL TAXES | $ | 92,446 | $ | 92,446 | $ | - | $ | 483,268 | $ | - | ||||||||||||||||||||||
EMPLOYEE BENEFITS | $ | 43,609 | $ | 176 | $ | 43,785 | $ | 40,051 | $ | 198,090 | $ | 210,298 | ||||||||||||||||||||
SALES, USE, & OTHER TAXES | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||||||||||
INVENTORY PURCHASES | $ | 138,150 | $ | 138,150 | $ | 715,400 | $ | 2,225,780 | $ | 3,102,627 | ||||||||||||||||||||||
SECURED/ RENTAL/ LEASES | $ | - | $ | - | $ | - | $ | 250,996 | $ | 250,996 | ||||||||||||||||||||||
INSURANCE | $ | 8,936 | $ | 8,936 | $ | 8,936 | $ | 184,283 | $ | 184,283 | ||||||||||||||||||||||
ADMINISTRATIVE | $ | 12,494 | $ | 50 | $ | 12,544 | $ | 16,000 | $ | 59,686 | $ | 64,794 | ||||||||||||||||||||
SELLING | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||||||||||
OTHER (ATTACH LIST) | $ | 169,676 | $ | 169,676 | $ | 296,814 | $ | 1,059,248 | $ | 1,453,736 | ||||||||||||||||||||||
$ | - | $ | - | $ | - | |||||||||||||||||||||||||||
OWNER DRAW * | $ | - | $ | - | $ | - | ||||||||||||||||||||||||||
TRANSFERS (TO DIP ACCTS) | $ | 323,000 | $ | 323,000 | $ | 801,999 | $ | - | ||||||||||||||||||||||||
$ | - | $ | - | $ | - | |||||||||||||||||||||||||||
PROFESSIONAL FEES | $ | - | $ | - | $ | 659,303 | $ | 624,778 | ||||||||||||||||||||||||
U.S. TRUSTEE QUARTERLY FEES | $ | - | $ | - | $ | - | $ | 7,150 | $ | 20,150 | ||||||||||||||||||||||
COURT COSTS | $ | - | $ | - | $ | - | ||||||||||||||||||||||||||
TOTAL DISBURSEMENTS | $ | 695,865 | $ | 328,161 | $ | - | $ | 50 | $ | 1,024,076 | $ | 1,411,475 | $ | 7,177,910 | $ | 7,670,239 | ||||||||||||||||
NET CASH FLOW | $ | 411,804 | $ | (5,161 | ) | $ | - | $ | (50 | ) | $ | 406,593 | $ | 464,375 | $ | 646,433 | $ | 499,963 | ||||||||||||||
(RECEIPTS LESS DISBURSEMENTS) | ||||||||||||||||||||||||||||||||
CASH - END OF MONTH | $ | 673,258 | $ | 178 | $ | - | $ | 9,449 | $ | 682,885 | $ | 688,534 | $ | 682,885 | $ | 688,534 |
* 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 | $ | 1,024,076 | ||
LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS | $ | (323,000 | ) | |
PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. from escrow accounts) | $ | |||
TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES | $ | 701,076 |
In re Axion International, Inc. | Case No. 15-12415 (15-12416 & 15-12417) |
Debtor | Reporting Period: April 2016 |
SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS
ATTACHED LISTS TO MOR-1
CASH BEGINNING OF MONTH - 11/30/15 vs 12/2/15 | ||||||||||||
OPER | PAYROLL | Combined | ||||||||||
Balance at 11/30/15 per Bank Reconciliation | 133,852 | 569 | ||||||||||
12/1/2015 transactions (prepetition) | (97,969 | ) | ||||||||||
Cash December 2, 2015, per this Schedule | 35,883 | 569 | 36,452 |
Other Receipts List: | Month | Cumu | ||||||
AR Terms Discounts | $ | - | $ | (5,727 | ) |
Other Disbursements List:
Actual | Projection | |||||||||||||||
Description | Month | Cumu | Month | Cumu | ||||||||||||
Utility Deposits | $ | - | $ | 26,453 | $ | - | $ | 35,951 | ||||||||
Freight | 31,120 | 293,951 | 34,667 | 286,118 | ||||||||||||
Operating Expenses - Texas Facility | 71,843 | 332,904 | 62,000 | 354,162 | ||||||||||||
Operating Expenses - Ohio Facility | 14,553 | 90,419 | 52,000 | 171,667 | ||||||||||||
Emergency Repairs - Texas facility | - | 49,470 | - | 45,508 | ||||||||||||
Restart Extruder #1 - Texas Facility | - | 5,199 | - | 61,199 | ||||||||||||
Legal - commercial/corporate counsel | - | 498 | - | - | ||||||||||||
Claims Agent | 45,860 | 76,950 | 34,719 | 104,561 | ||||||||||||
Audit & Tax Professional | - | - | - | - | ||||||||||||
OSHA Fine - OH | 6,300 | 6,300 | - | - | ||||||||||||
Interest - DiP Loan | - | - | 50,262 | 50,262 | ||||||||||||
S/U tax remittence | - | 195 | - | - | ||||||||||||
Rutgers Royalty Payment | - | 75,922 | - | 75,922 | ||||||||||||
Real & Personal Property Taxe | - | 100,987 | - | 100,988 | ||||||||||||
Budget Variance @ 10% | - | - | 63,166 | 167,398 | ||||||||||||
TOTAL | $ | 169,676 | $ | 1,059,248 | $ | 296,814 | $ | 1,453,736 |
PAYROLLS | ||||||||||||||||||||||||||||
Description | Actual | Cash Accts | Projected | |||||||||||||||||||||||||
4/8/16 | 4/22/16 | Total | Operating | Payroll | Month | Cumu | ||||||||||||||||||||||
Payroll | $ | 99,578 | $ | 119,011 | $ | 218,590 | 218,590 | |||||||||||||||||||||
Fee | 1,358 | 1,305 | 2,663 | 2,663 | ||||||||||||||||||||||||
401(k) | 2,877 | 2,828 | 5,705 | 5,705 | ||||||||||||||||||||||||
Garnishments | 4,271 | 4,311 | 8,582 | 8,582 | ||||||||||||||||||||||||
Taxes | 40,363 | 52,083 | 92,446 | 92,446 | ||||||||||||||||||||||||
AFLAC | 438 | 438 | ||||||||||||||||||||||||||
Health | 29,379 | 29,379 | ||||||||||||||||||||||||||
Dental | 1,807 | 1,807 | ||||||||||||||||||||||||||
Life | 266 | 266 | ||||||||||||||||||||||||||
Other fees | 176 | 176 | ||||||||||||||||||||||||||
TX workers comp | 5,051 | 5,051 | ||||||||||||||||||||||||||
OH workers comp | 6,669 | 6,669 | ||||||||||||||||||||||||||
TOTAL | $ | 148,448 | $ | 179,538 | $ | 371,770 | $ | 43,609 | $ | 328,161 | ||||||||||||||||||
- | ||||||||||||||||||||||||||||
Net Payroll | $ | 108,084 | $ | 127,454 | $ | 235,539 | $ | - | $ | 235,539 | $ | 334,274 | $ | 1,758,577 | ||||||||||||||
Payroll Taxes | 40,363 | 52,083 | 92,446 | 92,446 | - | - | ||||||||||||||||||||||
Employee Benefits | - | - | 43,785 | 43,609 | 176 | 40,051 | 210,298 | |||||||||||||||||||||
TOTAL | $ | 148,447 | $ | 179,538 | $ | 371,770 | $ | 43,609 | $ | 328,161 | $ | 374,325 | $ | 1,968,875 |
In re Axion International, Inc. | Case No. 15-12415 (15-12416 & 15-12417) | ||||
Debtor | Reporting Period: April 2016 | ||||
Month: | April 29, 2016 | GL Account # | CZ1060 |
General Ledger Reconciliation | Per the Bank | |||||||||||||
Balance per GL- Begin of Period | $ | 262,380.20 | Ending Balance per Bank Statement | $ | 776,925.25 | |||||||||
Plus: | 1,141,488.73 | Plus: Outstanding Deposits | ||||||||||||
Deposits | 1,141,488.73 | |||||||||||||
Less: | (732,514.32 | ) | Less: Outstanding Disbursements | (105,570.64 | ) | |||||||||
Disbursements | 409,067.82 | |||||||||||||
Bank Charges | 446.50 | 0430PNCOA | ||||||||||||
Transfer to Other Acct - AXI PNC PR | 150,000.00 | 0430PNCOA | ||||||||||||
Transfer to Other Acct - AXI PNC PR | 173,000.00 | 0430PNCOA | ||||||||||||
Balance per GL - End of Period | $ | 671,354.61 | Reconciled Balance per the Bank | $ | 671,354.61 | |||||||||
Difference | - |
Outstanding Disbursements: | ||||||||||
Date | AP CK# | AP Amount | ||||||||
4/19/16 | 11680 | DOL-OSHA | 6,300.00 | |||||||
4/21/16 | 11682 | CONFIDENTIAL MOBILE SHREDDING | 20.00 | |||||||
4/28/16 | EWDEBIT 042816-1 | CRAWFORD ELECTRIC SUPPLY | 1,428.90 | |||||||
4/28/16 | EWDEBIT 042816-5 | ZORO TOOLS, INC. | 228.22 | |||||||
4/29/16 | 11694 | AMERIGAS | 555.45 | |||||||
4/29/16 | 11695 | AMERICAN ELECTRIC POWER | 5,945.97 | |||||||
4/29/16 | 11696 | ANTHEM BCBS OH GROUP | 29,379.17 | |||||||
4/29/16 | 11697 | ANTHEM DENTAL | 1,806.82 | |||||||
4/29/16 | 11698 | ANTHEM LIFE | 265.50 | |||||||
4/29/16 | 11699 | CINTAS CORPORATION | 694.31 | |||||||
4/29/16 | 11700 | COASTAL COMPOUNDED RESINS | 3,947.20 | |||||||
4/29/16 | 11701 | COMDOC | 206.36 | |||||||
4/29/16 | 11703 | FORD CREDIT | 506.48 | |||||||
4/29/16 | 11704 | LIFT LEASE & FINANCE CORP | 6,608.74 | |||||||
4/29/16 | 11705 | PARSONS OFFICE SYSTEMS INC | 54.00 | |||||||
4/29/16 | 11706 | PRO HEAT INC. | 6,450.04 | |||||||
4/29/16 | 11707 | RING CENTRAL | 1,124.61 | |||||||
4/29/16 | 11708 | UPS | 18.25 | |||||||
4/29/16 | 11709 | WORTH HYDROCHEM OF CENT TEXAS | 725.00 | |||||||
4/29/16 | ACH 043016 PNC | AFLAC | 218.76 | |||||||
4/29/16 | 11711 | DIRECT ENERGY BUSINESS | 28,642.14 | |||||||
4/29/16 | 11712 | FEHRMAN TOOL & DIE CO. | 3,125.00 | |||||||
4/29/16 | DEBIT 042916 | SAGE SOFTWARE INC | 170.90 | |||||||
4/29/16 | 11710 | OHIO BUREAU OF WORKERS’ COMPEN | 6,669.00 | |||||||
4/29/16 | EWDEBIT 042916 | CENTRAL TEXAS SECURITY & FIRE | 108.25 | |||||||
4/29/16 | EWDEBIT 042916-1 | METALS 2 GO | 23.00 | |||||||
4/29/16 | EWDEBIT 042916-2 | RED EXPRESS PALLET | 348.57 | |||||||
105,570.64 |
In re Axion International, Inc. | Case No. 15-12415 (15-12416 & 15-12417) | ||||
Debtor | Reporting Period: April 2016 | ||||
Month: | April 30, 2016 | GL Account # | CZ1070 |
General Ledger Reconciliation | GL Entry # | Per the Bank | ||||||||||||||||
Balance per GL- Begin of Period | $ | 7,060.78 | Ending Balance per Bank Statement | $ | 2,297.44 | |||||||||||||
Plus: | 323,000.00 | Plus: Outstanding Deposits | - | |||||||||||||||
Deposits | 323,000.00 | |||||||||||||||||
Other Deposit: | ||||||||||||||||||
Less: | (328,364.13 | ) | Less: Outstanding Disbursements | |||||||||||||||
Disbursements | 328,139.13 | Disbursements (Column 1) | (600.79 | ) | ||||||||||||||
Recurring Paychex Fee for “Obamacare” Reporting | 176.00 | 0430PNCPA | ||||||||||||||||
Bank Service Fee | 49.00 | 0430PNCPA | ||||||||||||||||
Balance per GL - End of Period | $ | 1,696.65 | Reconciled Balance per the Bank | $ | 1,696.65 | |||||||||||||
Difference | (0.00 | ) | ||||||||||||||||
FSA balance in account | 600.79 | |||||||||||||||||
Total Outstanding Checks: | 600.79 |
In re Axion International, Inc. | Case No. 15-12415 (15-12416 & 15-12417) | ||||
Debtor | Reporting Period: April 2016 | ||||
Month: | March, 2016 | GL Account # | CZ1080 |
General Ledger Reconciliation | Per the Bank | |||||||||||||
Balance per GL- Begin of Period | $ | 9,498.56 | Ending Balance per Bank Statement | $ | 9,448.56 | |||||||||
Plus: | - | Plus: Outstanding Deposits | ||||||||||||
Deposits | - | |||||||||||||
Less: | (50.00 | ) | Less: Outstanding Disbursements | - | ||||||||||
Bank fee | 50.00 | 0430PNCUDA | ||||||||||||
Balance per GL - End of Period | $ | 9,448.56 | Reconciled Balance per the Bank | $ | 9,448.56 | |||||||||
Difference | - |
In re Axion International, Inc. | Case No. 15-12415 (15-12416 & 15-12417) |
Debtor | Reporting Period: April 2016 |
SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID
This schedule is to include all retained professional payments from case inception to current month
Amount | Check | Amount Paid | Year-To-Date | |||||||||||||||||||||||||
Payee | Period Covered | Approved | Payor | Number | Date | Fees | Expenses | Fees | Expenses | |||||||||||||||||||
Gordian Partners | (a) | $ | 200,000 | AXI | WT | Feb ’16 | $ | 50,000 | $ | 50,000 | ||||||||||||||||||
Gordian Partners | (a) | AXI | WT | 3/4/16 | $ | 50,000 | $ | - | $ | 100,000 | $ | - | ||||||||||||||||
Gordian Partners | AXI | WT | 3/11/16 | $ | 50,000 | $ | - | $ | 150,000 | $ | - | |||||||||||||||||
Greenberg & Traurig | (b) | $ | 37,500 | AXI | WT | 3/4/16 | $ | 4,167 | $ | 4,167 | ||||||||||||||||||
Greenberg & Traurig | (b) | AXI | WT | 3/11/16 | $ | 4,167 | $ | 8,334 | ||||||||||||||||||||
Greenberg & Traurig | (b) | AXI | WT | 3/18/16 | $ | 4,167 | $ | 12,501 | ||||||||||||||||||||
Greenberg & Traurig | (b) | AXI | WT | 3/25/16 | $ | 8,333 | $ | 20,834 | ||||||||||||||||||||
Greenberg & Traurig | (b) | AXI | WT | 3/31/16 | $ | 8,333 | $ | 29,167 | ||||||||||||||||||||
Bayard | (b) | $ | 312,500 | AXI | WT | Dec ’15 | $ | 100,000 | $ | 100,000 | ||||||||||||||||||
Bayard | (b) | AXI | WT | 3/4/16 | $ | 23,611 | $ | 123,611 | ||||||||||||||||||||
Bayard | (b) | AXI | WT | 3/11/16 | $ | 23,611 | $ | 147,222 | ||||||||||||||||||||
Bayard | (b) | AXI | WT | 3/18/16 | $ | 23,611 | $ | 170,833 | ||||||||||||||||||||
Bayard | (b) | AXI | WT | 3/25/16 | $ | 47,222 | $ | 218,055 | ||||||||||||||||||||
Statutory Comm | (b) | $ | 350,000 | AXI | WT | Dec ’15 | $ | 20,000 | $ | 20,000 | ||||||||||||||||||
Statutory Comm | (b) | AXI | WT | Jan ’16 | $ | 5,000 | $ | 25,000 | ||||||||||||||||||||
Statutory Comm | (b) | AXI | WT | 3/4/16 | $ | 36,111 | $ | 61,111 | ||||||||||||||||||||
Statutory Comm | (b) | AXI | WT | 3/11/16 | $ | 36,111 | $ | 97,222 | ||||||||||||||||||||
Statutory Comm | (b) | AXI | WT | 3/18/16 | $ | 36,111 | $ | 133,333 | ||||||||||||||||||||
Statutory Comm | (b) | AXI | WT | 3/25/16 | $ | 72,222 | $ | 205,555 | ||||||||||||||||||||
Statutory Comm | (b) | AXI | WT | 3/31/16 | $ | 22,000 | $ | 227,555 | ||||||||||||||||||||
$ | 624,777 |
Professional fees listed on MOR-1 is based on estimated fees and was transferred to Bayard’s trust account in anticipation of payment of these fees. MOR-1b will be updated with actual payments when they are disbursed from the trust account.
(a) - Approved investment banking fee of $200,000 agreed to be paid over the period comprising the weeks ended 2/26, 3/4, 3/11 and 5/6 at $50,000 each.
(b) - amounts were paid into escrow account at Bayard.
In re Axion International, Inc. | Case No. 15-12415 (15-12416 & 15-12417) |
Debtor | Reporting Period: March 2016 |
AXION INTERNATIONAL INC
CASH RECEIPTS & DISBURSEMENTS JOURNALS
For the Period From Apr 1, 2016 to Apr 30, 2016
Account Description | Date | Reference | Jrnl | Trans Description | Debit Amt | Credit Amt | Balance | CRJ | DiP | CDJ | TRF | PR | |||||||||||||
Operating Account PNC (AXI) | 4/1/16 | Beginning Balance | 262,380.20 | ||||||||||||||||||||||
Operating Account PNC (AXI) | 4/1/16 | DEBIT 032216 | CDJ | H AND H LAWNCARE EQUIPMENT | 75.80 | (75.80) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/1/16 | ACH 040116 PNC | CDJ | AFLAC | 218.76 | (218.76) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/1/16 | EWDEBIT 040116 | CDJ | UPS | 4.30 | (4.30) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/1/16 | EWDEBIT 040116-1 | CDJ | UNIVERSAL FOREST PRODUCT | 729.00 | (729.00) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/1/16 | 11713 | CDJ | US Trustee | 10,400.00 | (10,400.00) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/1/16 | 11713V | CDJ | US Trustee | 10,400.00 | 10,400.00 | |||||||||||||||||||
Operating Account PNC (AXI) | 4/4/16 | WT 040416 PNC | CDJ | GILBERT + TOBIN | 5,000.00 | (5,000.00) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/4/16 | EWDEBIT 040416 | CDJ | HARBOR FREIGHT TOOLS | 324.70 | (324.70) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/4/16 | EWDEBIT 040416-1 | CDJ | NO CARRY SIGNS.COM | 71.29 | (71.29) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/4/16 | EWDEBIT 040416-2 | CDJ | UPS | 8.60 | (8.60) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/4/16 | DEBIT 040416 | CDJ | Zoro Tools, Inc. | 874.80 | (874.80) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/4/16 | EWDEBIT 040416-3 | CDJ | Zoro Tools, Inc. | 873.52 | (873.52) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/5/16 | WT 040516 PNC | CRJ | ALCOA FASTENING SYSTEMS | 91,980.10 | 91,980.10 | |||||||||||||||||||
Operating Account PNC (AXI) | 4/5/16 | EWDEBIT 040516 | CDJ | FERGUSON | 201.12 | (201.12) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/5/16 | DEBIT 040516 | CDJ | LOWE’S HOME CENTERS, LLC | 2.35 | (2.35) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/5/16 | DEBIT 040516-1 | CDJ | WALMART | 79.29 | (79.29) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/5/16 | EWDEBIT 040516-1 | CDJ | WALMART - WACO | 170.40 | (170.40) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/6/16 | DEBIT 040616 | CDJ | LOVE’S TRAVEL PLAZA | 7.00 | (7.00) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/6/16 | EWDEBIT 040616 | CDJ | MARTIN TOOL & SUPPLY | 221.81 | (221.81) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/6/16 | EWDEBIT 040616-1 | CDJ | RICHARDS SUPPLY COMPANY | 259.76 | (259.76) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/6/16 | EWDEBIT 040616-2 | CDJ | RICHARDS SUPPLY COMPANY | 200.28 | (200.28) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/6/16 | EWDEBIT 040616-3 | CDJ | TRACTOR SUPPLY CO | 27.99 | (27.99) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/6/16 | EWDEBIT 040616-4 | CDJ | WALMART - WACO | 127.53 | (127.53) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/6/16 | DIP LOAN DEPOSIT | GENJ | To record deposit from Plastic Ties Financing LLC | 400,000.00 | 400,000.00 | |||||||||||||||||||
Operating Account PNC (AXI) | 4/7/16 | EWDEBIT 040716 | CDJ | RICHARDS SUPPLY COMPANY | 478.24 | (478.24) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/8/16 | WT 040816 - 1 | CDJ | EMERALD PACIFIC RESOURCES | 45,227.00 | (45,227.00) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/8/16 | WT 040816 - 2 | CDJ | GP HARMON RECYCLING LLC | 18,723.60 | (18,723.60) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/8/16 | WT 040816 - 3 | CDJ | AMINO TRANSPORT | 6,150.00 | (6,150.00) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/8/16 | 11657 | CDJ | ADVANCED POLYMERS SUPPLY INC. | 7,674.65 | (7,674.65) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/8/16 | 11658 | CDJ | AMERIGAS | 376.23 | (376.23) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/8/16 | 11659 | CDJ | ATMOS ENERGY | 121.95 | (121.95) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/8/16 | 11660 | CDJ | CINTAS CORPORATION | 548.14 | (548.14) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/8/16 | 11661 | CDJ | CINTAS CORPORATION #637 | 857.53 | (857.53) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/8/16 | 11662 | CDJ | COSHOCTON ENVIRONMENTAL TESTIN | 60.00 | (60.00) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/8/16 | 11663 | CDJ | DUPUY OXYGEN & SUPPLY | 23.90 | (23.90) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/8/16 | 11664 | CDJ | THE HARTFORD | 8,936.43 | (8,936.43) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/8/16 | 11665 | CDJ | MICROSOFT | 1,454.32 | (1,454.32) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/8/16 | 11666 | CDJ | PITNEY BOWES POSTAGE BY PHONE | 36.58 | (36.58) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/8/16 | 11667 | CDJ | TERMINIX | 48.26 | (48.26) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/8/16 | 11668 | CDJ | PRO HEAT INC. | 442.20 | (442.20) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/8/16 | 11669 | CDJ | ZORO.COM | 125.27 | (125.27) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/8/16 | EWDEBIT 040816 | CDJ | HOME DEPOT | 535.90 | (535.90) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/8/16 | DEBIT 040816 | CDJ | LOWE’S HOME CENTERS, LLC | 200.71 | (200.71) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/8/16 | EWDEBIT 040816-1 | CDJ | METALS 2 GO | 902.00 | (902.00) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/9/16 | EWDEBIT 040916 | CDJ | IRENE’S FLOWERS & GIFTS | 70.36 | (70.36) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/10/16 | EWDEBIT 041016 | CDJ | HOME DEPOT | 139.46 | (139.46) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/11/16 | 8528 | CRJ | BLACK RHINO | 84.00 | 84.00 | |||||||||||||||||||
Operating Account PNC (AXI) | 4/11/16 | 460431 | CRJ | NEW JERSEY TRANSIT | 32,400.00 | 32,400.00 | |||||||||||||||||||
Operating Account PNC (AXI) | 4/11/16 | 459073 | CRJ | NEW JERSEY TRANSIT | 153,000.00 | 153,000.00 | |||||||||||||||||||
Operating Account PNC (AXI) | 4/11/16 | 626980 | CRJ | 59.50 | 59.50 | ||||||||||||||||||||
Operating Account PNC (AXI) | 4/11/16 | DEBIT 041116 | CDJ | LOWE’S HOME CENTERS, LLC | 9.33 | (9.33) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/11/16 | EWDEBIT 041116 | CDJ | MARTIN TOOL & SUPPLY | 213.34 | (213.34) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/11/16 | EWDEBIT 041116-1 | CDJ | MURPHY USA | 20.00 | (20.00) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/11/16 | DEBIT 041116-1 | CDJ | WALMART | 54.42 | (54.42) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/11/16 | EWDEBIT 041116-2 | CDJ | WALMART - WACO | 34.60 | (34.60) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/11/16 | EWDEBIT 041116-3 | CDJ | DUPUY OXYGEN & SUPPLY | 141.03 | (141.03) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/12/16 | 459218 | CRJ | NEW JERSEY TRANSIT | 91,800.00 | 91,800.00 | |||||||||||||||||||
Operating Account PNC (AXI) | 4/12/16 | ACH 041216 PNC | CRJ | METRO NORTH RAILROAD | 17,850.00 | 17,850.00 | |||||||||||||||||||
Operating Account PNC (AXI) | 4/12/16 | EWDEBIT 041216 | CDJ | AMAZON.COM | 82.83 | (82.83) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/12/16 | DEBIT 041216 | CDJ | AMAZON.COM | 633.91 | (633.91) |
Account Description | Date | Reference | Jrnl | Trans Description | Debit Amt | Credit Amt | Balance | CRJ | DiP | CDJ | TRF | PR | |||||||||||||
Operating Account PNC (AXI) | 4/12/16 | EWDEBIT 041216-1 | CDJ | AMAZON.COM | 294.51 | (294.51) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/12/16 | DEBIT 041216-1 | CDJ | AMERICAN LIGHT COMPANY | 58.99 | (58.99) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/12/16 | DEBIT 041216-2 | CDJ | AMERICAN LIGHT COMPANY | 26.41 | 26.41 | |||||||||||||||||||
Operating Account PNC (AXI) | 4/12/16 | DEBIT 041216-3 | CDJ | AMERICAN LIGHT COMPANY | 26.41 | (26.41) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/12/16 | EWDEBIT 041216-4 | CDJ | OLDWILLKNOTTSCALES.COM | 219.40 | (219.40) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/12/16 | EWDEBIT 041216-2 | CDJ | L & M ELECTRONICS | 7.56 | (7.56) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/13/16 | ACH 04132016 | CDJ | TEXAS COMPTROLLER OF PUBLIC AC | 1,904.84 | (1,904.84) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/13/16 | EWDEBIT 041316 | CDJ | OLDWILLKNOTTSCALES.COM | 19.24 | (19.24) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/13/16 | DEBIT 040816-1 | CDJ | ZANE FEED AND SUPPLY | 53.19 | (53.19) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/13/16 | EWDEBIT 041316-1 | CDJ | CRAWFORD ELECTRIC SUPPLY | 32.38 | (32.38) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/13/16 | EWDEBIT 041316-2 | CDJ | CRAWFORD ELECTRIC SUPPLY | 16.39 | (16.39) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/13/16 | EWDEBIT 041316-3 | CDJ | HOME DEPOT | 606.08 | (606.08) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/13/16 | EWDEBIT 041316-4 | CDJ | Zoro Tools, Inc. | 1,191.89 | (1,191.89) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/13/16 | EWDEBIT 041316-5 | CDJ | Zoro Tools, Inc. | 20.31 | (20.31) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/13/16 | DEBIT 041316 | CDJ | AMAZON.COM | 2,684.48 | (2,684.48) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/13/16 | EWDEBIT 041316-6 | CDJ | CRAWFORD ELECTRIC SUPPLY | 160.21 | (160.21) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/13/16 | ACH 04132016 #2 | CDJ | TEXAS COMPTROLLER OF PUBLIC AC | 52.00 | (52.00) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/13/16 | EFT04132016 | CDJ | OHIO DEPT OF TAXATION | 150.00 | (150.00) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/14/16 | 11670 | CDJ | AMERIGAS | 378.61 | (378.61) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/14/16 | 11671 | CDJ | NETWORK BILLING SYSTEM, LLC. | 97.88 | (97.88) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/14/16 | 11672 | CDJ | CITY OF ZANESVILLE | 111.60 | (111.60) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/14/16 | 11673 | CDJ | COMDOC, INC. | 354.96 | (354.96) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/14/16 | 11674 | CDJ | COSHOCTON ENVIRONMENTAL TESTIN | 120.00 | (120.00) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/14/16 | 11675 | CDJ | PRO HEAT INC. | 424.90 | (424.90) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/14/16 | 11676 | CDJ | SPOONER INC. | 175.00 | (175.00) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/14/16 | 11677 | CDJ | TIME WARNER CABLE | 802.10 | (802.10) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/14/16 | 11678 | CDJ | UPS | 19.45 | (19.45) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/14/16 | 11679 | CDJ | Zoro Tools, Inc. | 135.29 | (135.29) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/14/16 | WT 041416 PNC | CDJ | AMINO TRANSPORT | 8,000.00 | (8,000.00) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/14/16 | WT 041416-1 PNC | CDJ | EPIQ BANKRUPTCY SOLUTIONS | 45,859.54 | (45,859.54) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/14/16 | DEBIT 041416 | CDJ | AMAZON.COM | 2,684.48 | 2,684.48 | |||||||||||||||||||
Operating Account PNC (AXI) | 4/14/16 | EWDEBIT 041416 | CDJ | RICHARDS SUPPLY COMPANY | 48.96 | (48.96) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/15/16 | ACH 041516 PNC | CRJ | RAILWORKS | 67,288.00 | 67,288.00 | |||||||||||||||||||
Operating Account PNC (AXI) | 4/15/16 | DEBIT 041516 | CDJ | HOME DEPOT | 25.64 | (25.64) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/15/16 | DEBIT 041516-1 | CDJ | WALMART | 49.17 | (49.17) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/15/16 | EWDEBIT 041516 | CDJ | MURPHY USA | 30.00 | (30.00) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/15/16 | EWDEBIT 041516-1 | CDJ | RICHARDS SUPPLY COMPANY | 548.40 | (548.40) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/15/16 | EWDEBIT 041516-2 | CDJ | ZORO TOOLS, INC. | 123.56 | (123.56) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/18/16 | DEBIT 041816 | CDJ | LOVE’S TRAVEL PLAZA | 7.00 | (7.00) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/18/16 | EWDEBIT 041816 | CDJ | HOLUBEC MACHINE, INC. | 757.75 | (757.75) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/18/16 | EWDEBIT 041816-1 | CDJ | ZORO TOOLS, INC. | 377.88 | (377.88) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/18/16 | DEBIT 041816-1 | CDJ | 1.73 | (1.73) | ||||||||||||||||||||
Operating Account PNC (AXI) | 4/19/16 | 11680 | CDJ | DOL-OSHA | 6,300.00 | (6,300.00) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/19/16 | EWDEBIT 041916 | CDJ | HOME DEPOT | 117.88 | (117.88) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/19/16 | DEBIT 041916 | CDJ | UNITED STATES POST OFFICE | 6.47 | (6.47) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/19/16 | ACH 041916 PNC | CRJ | METRO NORTH RAILROAD | 17,850.00 | 17,850.00 | |||||||||||||||||||
Operating Account PNC (AXI) | 4/19/16 | EWDEBIT 041916-1 | CDJ | STAPLES.COM | 1,407.14 | (1,407.14) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/19/16 | EWDEBIT 041916-2 | CDJ | HOLUBEC MACHINE, INC. | 649.50 | (649.50) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/19/16 | EWDEBIT 041916-3 | CDJ | UNIVERSAL FOREST PRODUCT | 688.80 | (688.80) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/20/16 | DEBIT 042016 | CDJ | AMERICAN PRIDE POWER EQUIP | 11.80 | (11.80) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/20/16 | DEBIT 042016-1 | CDJ | MILLERWELDS.COM | 2,654.44 | (2,654.44) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/20/16 | WT 042016 PNC | CRJ | H J SKELTON (CANADA) LTD | 27,811.76 | 27,811.76 | |||||||||||||||||||
Operating Account PNC (AXI) | 4/20/16 | 460906 | CRJ | NEW JERSEY TRANSIT | 98,300.00 | 98,300.00 | |||||||||||||||||||
Operating Account PNC (AXI) | 4/20/16 | EWDEBIT 042016 | CDJ | DUPUY OXYGEN & SUPPLY | 334.80 | (334.80) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/20/16 | EWDEBIT 042016-1 | CDJ | LIFT PARTS WAREHOUSE | 57.61 | (57.61) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/20/16 | EWDEBIT 042015 | CDJ | USA FLAG STORE | 72.05 | (72.05) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/21/16 | DEBIT 042116 | CDJ | HOME DEPOT | 224.14 | (224.14) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/21/16 | DEBIT 042116-1 | CDJ | LOVE’S TRAVEL PLAZA | 18.00 | (18.00) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/21/16 | EWDEBIT 042116 | CDJ | D.E. SHIPP BELTING CO. | 866.71 | (866.71) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/21/16 | 11681 | CDJ | CINTAS CORPORATION | 180.62 | (180.62) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/21/16 | 11682 | CDJ | CONFIDENTIAL MOBILE SHREDDING | 20.00 | (20.00) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/21/16 | 11683 | CDJ | COSHOCTON ENVIRONMENTAL TESTIN | 60.00 | (60.00) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/21/16 | 11684 | CDJ | THE ENERGY COOPERATIVE | 1,934.25 | (1,934.25) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/21/16 | 11685 | CDJ | THE HARTFORD | 5,050.90 | (5,050.90) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/21/16 | 11686 | CDJ | PRO HEAT INC. | 2,092.85 | (2,092.85) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/21/16 | 11687 | CDJ | SUNBELT RENTALS | 1,274.67 | (1,274.67) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/21/16 | 11688 | CDJ | TIME WARNER CABLE | 456.78 | (456.78) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/21/16 | 11689 | CDJ | UPS | 252.87 | (252.87) |
Account Description | Date | Reference | Jrnl | Trans Description | Debit Amt | Credit Amt | Balance | CRJ | DiP | CDJ | TRF | PR | |||||||||||||
Operating Account PNC (AXI) | 4/21/16 | 11690 | CDJ | VERIZON WIRELESS | 425.51 | (425.51) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/21/16 | 11691 | CDJ | VINTAGE FILINGS | 618.00 | (618.00) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/21/16 | EWDEBIT 042116-1 | CDJ | UNITED REFRIGERATION INC | 19.95 | (19.95) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/21/16 | EWDEBIT 042116-2 | CDJ | HOLUBEC MACHINE, INC. | 757.75 | (757.75) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/22/16 | 8553 | CRJ | BLACK RHINO | 84.00 | 84.00 | |||||||||||||||||||
Operating Account PNC (AXI) | 4/22/16 | 11692 | CDJ | AMINO TRANSPORT | 8,970.00 | (8,970.00) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/22/16 | 11693 | CDJ | SCHNEIDER NATIONAL, INC. | 505.00 | (505.00) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/22/16 | WT 042116 PNC | CRJ | ALCOA FASTENING SYSTEMS | 90,161.90 | 90,161.90 | |||||||||||||||||||
Operating Account PNC (AXI) | 4/22/16 | EWDEBIT 042216 | CDJ | HOME DEPOT | 231.93 | (231.93) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/25/16 | DEBIT 042516 | CDJ | LOWE’S HOME CENTERS, LLC | 69.58 | (69.58) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/25/16 | EWDEBIT 42516 | CDJ | EHARBOR FREIGHT TOOLS | 232.00 | (232.00) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/25/16 | EWDEBIT 042516 | CDJ | HOME DEPOT | 96.12 | (96.12) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/25/16 | EWDEBIT 042516-1 | CDJ | SAFETY SIGN.COM | 56.18 | (56.18) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/26/16 | EWDEBIT 042616 | CDJ | ACR SUPPLY (GEMAIRE DISTR) | 91.45 | (91.45) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/26/16 | EWDEBIT 042616-1 | CDJ | APPLIED INDUSTRIAL TECHNOLOGIE | 42.96 | (42.96) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/26/16 | EWDEBIT 042616-2 | CDJ | HOME DEPOT | 421.77 | (421.77) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/26/16 | EWDEBIT 042616-3 | CDJ | NAPA AUTO PARTS | 140.32 | (140.32) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/26/16 | EWDEBIT 042616-4 | CDJ | SMOOT-ANDERSON CO., INC. | 421.19 | (421.19) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/26/16 | EWDEBIT 042616-5 | CDJ | HEB FOOD-DRUGS | 20.00 | (20.00) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/26/16 | EWDEBIT 042616-6 | CDJ | HOME DEPOT | 15.30 | (15.30) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/26/16 | DEBIT 042616 | CDJ | AMAZON.COM | 339.11 | (339.11) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/27/16 | EWDEBIT 042716 | CDJ | CRAWFORD ELECTRIC SUPPLY | 151.64 | (151.64) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/27/16 | EWDEBIT 042716-1 | CDJ | JOHNSON SUPPLY | 22.94 | (22.94) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/27/16 | EWDEBIT 042716-2 | CDJ | UNITED REFRIGERATION INC | 162.01 | (162.01) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/28/16 | WT 042816 PNC | CDJ | GP HARMON RECYCLING LLC | 61,062.68 | (61,062.68) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/28/16 | WT 042816-1 PNC | CDJ | AMINO TRANSPORT | 8,000.00 | (8,000.00) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/28/16 | WT 042816-2 PNC | CDJ | SCHNEIDER NATIONAL | 1,010.00 | (1,010.00) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/28/16 | EWDEBIT 042816 | CDJ | AMAZON.COM | 142.88 | (142.88) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/28/16 | EWDEBIT 042816-1 | CDJ | CRAWFORD ELECTRIC SUPPLY | 1,428.90 | (1,428.90) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/28/16 | EWDEBIT 042816-2 | CDJ | CRAWFORD ELECTRIC SUPPLY | 123.24 | (123.24) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/28/16 | EWDEBIT 042816-3 | CDJ | WALMART - WACO | 74.72 | (74.72) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/28/16 | EWDEBIT 042816-4 | CDJ | WALMART - WACO | 4.30 | (4.30) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/28/16 | EWDEBIT 042816-5 | CDJ | ZORO TOOLS, INC. | 228.22 | (228.22) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/29/16 | 11694 | CDJ | AMERIGAS | 555.45 | (555.45) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/29/16 | 11695 | CDJ | AMERICAN ELECTRIC POWER | 5,945.97 | (5,945.97) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/29/16 | 11696 | CDJ | ANTHEM BCBS OH GROUP | 29,379.17 | (29,379.17) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/29/16 | 11697 | CDJ | ANTHEM DENTAL | 1,806.82 | (1,806.82) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/29/16 | 11698 | CDJ | ANTHEM LIFE | 265.50 | (265.50) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/29/16 | 11699 | CDJ | CINTAS CORPORATION | 694.31 | (694.31) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/29/16 | 11700 | CDJ | COASTAL COMPOUNDED RESINS | 3,947.20 | (3,947.20) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/29/16 | 11701 | CDJ | COMDOC | 206.36 | (206.36) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/29/16 | 11702 | CDJ | DIRECT ENERGY BUSINESS | 20,708.58 | (20,708.58) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/29/16 | 11703 | CDJ | FORD CREDIT | 506.48 | (506.48) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/29/16 | 11704 | CDJ | LIFT LEASE & FINANCE CORP | 6,608.74 | (6,608.74) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/29/16 | 11705 | CDJ | PARSONS OFFICE SYSTEMS INC | 54.00 | (54.00) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/29/16 | 11706 | CDJ | PRO HEAT INC. | 6,450.04 | (6,450.04) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/29/16 | 11707 | CDJ | RING CENTRAL | 1,124.61 | (1,124.61) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/29/16 | 11708 | CDJ | UPS | 18.25 | (18.25) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/29/16 | 11709 | CDJ | WORTH HYDROCHEM OF CENT TEXAS | 725.00 | (725.00) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/29/16 | ACH 043016 PNC | CDJ | AFLAC | 218.76 | (218.76) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/29/16 | 11702V | CDJ | DIRECT ENERGY BUSINESS | 20,708.58 | 20,708.58 | |||||||||||||||||||
Operating Account PNC (AXI) | 4/29/16 | 11711 | CDJ | DIRECT ENERGY BUSINESS | 28,642.14 | (28,642.14) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/29/16 | 11712 | CDJ | FEHRMAN TOOL & DIE CO. | 3,125.00 | (3,125.00) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/29/16 | 9016901 | CRJ | THE CITY OF CALGARY | 19,000.00 | 19,000.00 | |||||||||||||||||||
Operating Account PNC (AXI) | 4/29/16 | DEBIT 042916 | CDJ | SAGE SOFTWARE INC | 170.90 | (170.90) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/29/16 | 11710 | CDJ | OHIO BUREAU OF WORKERS’ COMPEN | 6,669.00 | (6,669.00) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/29/16 | EWDEBIT 042916 | CDJ | CENTRAL TEXAS SECURITY & FIRE | 108.25 | (108.25) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/29/16 | EWDEBIT 042916-1 | CDJ | METALS 2 GO | 23.00 | (23.00) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/29/16 | EWDEBIT 042916-2 | CDJ | RED EXPRESS PALLET | 348.57 | (348.57) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/30/16 | 0430PNCOA | GENJ | To record bank fees for April 2016 | 446.50 | (446.50) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/30/16 | 0430PNCOA | GENJ | To record transfer of funds from the operating account to the payroll account | 150,000.00 | (150,000.00) | |||||||||||||||||||
Operating Account PNC (AXI) | 4/30/16 | 0430PNCOA | GENJ | To record transfer of funds from the operating account to the payroll account | 173,000.00 | (173,000.00) | |||||||||||||||||||
Operating Account PNC (AXI) | Current Period Change | 1,141,488.73 | 732,514.32 | 408,974.41 | |||||||||||||||||||||
4/30/16 | Ending Balance | 671,354.61 | |||||||||||||||||||||||
Payroll Account PNC (AXI) | 4/1/16 | Beginning Balance | 7,060.78 | ||||||||||||||||||||||
Payroll Account PNC (AXI) | 4/30/16 | 0430-PAYR | GENJ | Payroll for April 2016 | 328,139.13 | (328,139.13) | |||||||||||||||||||
Payroll Account PNC (AXI) | 4/30/16 | 0430PNCOA | GENJ | To record transfer of funds from the operating account to the payroll account | 150,000.00 | 150,000.00 |
Account Description | Date | Reference | Jrnl | Trans Description | Debit Amt | Credit Amt | Balance | CRJ | DiP | CDJ | TRF | PR | ||||||||||||||
Payroll Account PNC (AXI) | 4/30/16 | 0430PNCOA | GENJ | To record transfer of funds from the operating account to the payroll account | 173,000.00 | 173,000.00 | ||||||||||||||||||||
Payroll Account PNC (AXI) | 4/30/16 | 0430PNCPA | GENJ | To record bank fee for April 2016 | 49.00 | (49.00) | ||||||||||||||||||||
Payroll Account PNC (AXI) | 4/30/16 | 0430PNCPA | GENJ | To record recurring Paychex fee for “Obomacare” reporting | 176.00 | (176.00) | ||||||||||||||||||||
Payroll Account PNC (AXI) | Current Period Change | 323,000.00 | 328,364.13 | (5,364.13) | ||||||||||||||||||||||
4/30/16 | Ending Balance | 1,696.65 | ||||||||||||||||||||||||
Utility Deposit Account | 4/1/16 | Beginning Balance | 9,498.56 | |||||||||||||||||||||||
Utility Deposit Account | 4/30/16 | 0430PNCUDA | GENJ | To record bank fee for April 2016 | 50.00 | (50.00) | ||||||||||||||||||||
Utility Deposit Account | Current Period Change | 50.00 | (50.00) | |||||||||||||||||||||||
4/30/16 | Ending Balance | 9,448.56 | ||||||||||||||||||||||||
707,669.26 | 400,000.00 | (375,744.85) | - | (328,364.13) | ||||||||||||||||||||||
Beginning balance | $ | 278,940 | ||||||||||||||||||||||||
DiP advances | 400,000 | |||||||||||||||||||||||||
AR Collections | 707,669 | |||||||||||||||||||||||||
Disbursements - PR | (328,364) | |||||||||||||||||||||||||
Disbursements - Other | (375,745) | |||||||||||||||||||||||||
Ending balance, per GL | $ | 682,500 | ||||||||||||||||||||||||
Monthend reconciling items - cash report vs. GL | 385 | |||||||||||||||||||||||||
$ | 682,885 |
In re: Axion International, Inc. | Case No.: 15-12415 |
Debtor | Reporting Period: April 2016 |
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.
Cumulative | ||||||||
REVENUES | Month | Filing to Date | ||||||
Gross Revenues | $ | 302,840 | $ | 3,523,320 | ||||
Less: Returns and Allowances | $ | - | $ | - | ||||
Net Revenue | $ | 302,840 | $ | 3,523,320 | ||||
COST OF GOODS SOLD | ||||||||
Beginning Inventory | $ | 1,685,625 | $ | 7,746,460 | ||||
Add: Purchases | $ | 114,476 | $ | 2,190,040 | ||||
Add: Cost of Labor & Production Costs | $ | 469,263 | $ | 2,365,957 | ||||
Add: Other Costs (attach schedule) | $ | 42,836 | $ | 287,344 | ||||
Less: Ending Inventory | $ | (1,763,395 | ) | $ | (7,707,362 | ) | ||
Cost of Goods Sold | $ | 548,805 | $ | 4,882,439 | ||||
Gross Profit | $ | (245,965 | ) | $ | (1,359,119 | ) | ||
OPERATING EXPENSES | ||||||||
Personnel Costs - Sales & Marketing | $ | 94,241 | $ | 257,697 | ||||
Personnel Costs - General & Administrative | $ | 89,947 | $ | 454,365 | ||||
Travel & Meals | $ | 19,965 | $ | 79,970 | ||||
Advertising, Trade Shows & Customer Relationship | $ | - | $ | 32,930 | ||||
Office Expenses | $ | 17,627 | $ | 50,075 | ||||
Board of Directors | $ | - | $ | (12,074 | ) | |||
Investor Relations & Shareholders Services | $ | 1,133 | $ | 3,215 | ||||
Insurance | $ | 30,533 | $ | 144,454 | ||||
Legal & Other Professional Fees | $ | 7,783 | $ | 25,647 | ||||
Other (attach schedule) | $ | - | $ | - | ||||
Total Operating Expenses Before Depreciation | $ | 261,229 | $ | 1,036,279 | ||||
Depreciation/Depletion/Amortization | $ | 10,196 | $ | 50,962 | ||||
Net Profit (Loss) Before Other Income & Expenses | $ | (517,390 | ) | $ | (2,446,360 | ) | ||
OTHER INCOME AND EXPENSES | ||||||||
Other Income (attach schedule) | $ | - | $ | (4,000,000 | ) | |||
Interest Expense | $ | 86,290 | $ | 303,243 | ||||
Other Expense (attach schedule) | $ | - | $ | - | ||||
Net Profit (Loss) Before Reorganization Items | $ | (603,680 | ) | $ | 1,250,397 | |||
REORGANIZATION ITEMS | ||||||||
Professional Fees | $ | 45,250 | $ | 735,637 | ||||
U. S. Trustee Quarterly Fees | $ | - | $ | 7,150 | ||||
Interest Earned on Accumulated Cash from Chapter 11 (see continuation sheet) | $ | - | $ | - | ||||
Gain (Loss) from Sale of Equipment | $ | - | $ | - | ||||
Other Reorganization Expenses (attach schedule) | $ | - | $ | - | ||||
Total Reorganization Expenses | $ | - | $ | - | ||||
Income Taxes | $ | - | $ | - | ||||
Net Profit (Loss) | $ | (648,930 | ) | $ | 507,609 |
*“Insider” is defined in 11 U.S.C. Section 101(31).
In re: Axion International, Inc. | Case No.: 15-12415 |
Debtor | Reporting Period: April 2016 |
STATEMENT OF OPERATIONS - continuation sheet
Cumulative | ||||||||
BREAKDOWN OF “OTHER” CATEGORY | Month | Filing to Date | ||||||
Other Costs | ||||||||
Freight costs to customers | $ | (2,245 | ) | $ | 18,644 | |||
Royalties Under License | $ | 3,262 | $ | 51,668 | ||||
Purchasing & Product Development departments | $ | 41,819 | $ | 215,770 | ||||
Product Development | $ | - | $ | 1,262 | ||||
Other Operational Expenses | ||||||||
Other Income | ||||||||
Gain on Extinguishment of Debt | $ | - | $ | 4,000,000 | ||||
Other Expenses | ||||||||
Other Reorganization Expenses | ||||||||
Reorganization Items - Interest Earned on Accumulated Cash from Chapter 11:
Interest earned on cash accumulated during the chapter 11 case, which would not have been earned but for the bankruptcy proceeding, should be reported as a reorganization item.
In re Axion International, Inc. | Case No. 15-12415 |
Debtor | Reporting Period: April 2016 |
BALANCE SHEET
The Balance Sheet is to be completed on an accrual basis only. Pre-petition liabilities must be classified separately from postpetition obligations.
BOOK VALUE AT END OF | BOOK VALUE ON | |||||||
ASSETS | CURRENT REPORTING MONTH | PETITION DATE | ||||||
CURRENT ASSETS | ||||||||
Unrestricted Cash and Equivalents | $ | 682,500 | $ | 134,421 | ||||
Restricted Cash and Cash Equivalents (see continuation sheet) | $ | - | $ | - | ||||
Accounts Receivable (Net) | $ | 719,466 | $ | 2,034,172 | ||||
Notes Receivable | $ | - | $ | - | ||||
Inventories | $ | 1,763,395 | $ | 1,803,405 | ||||
Prepaid Expenses | $ | 148,633 | $ | 114,429 | ||||
Professional Retainers | $ | - | $ | - | ||||
Other Current Assets (attach schedule) | $ | - | $ | - | ||||
TOTAL CURRENT ASSETS | $ | 3,313,994 | $ | 4,086,426 | ||||
PROPERTY AND EQUIPMENT | ||||||||
Real Property and Improvements | $ | - | $ | - | ||||
Machinery and Equipment | $ | 11,447,170 | $ | 11,484,181 | ||||
Furniture, Fixtures and Office Equipment | $ | 259,596 | $ | 259,596 | ||||
Leasehold Improvements | $ | 58,467 | $ | 19,818 | ||||
Vehicles | $ | - | $ | - | ||||
Less Accumulated Depreciation | $ | (3,863,274 | ) | $ | (3,320,092 | ) | ||
TOTAL PROPERTY & EQUIPMENT | $ | 7,901,959 | $ | 8,443,503 | ||||
OTHER ASSETS | ||||||||
Loans to Insiders* | $ | - | $ | - | ||||
Other Assets (attach schedule) | $ | - | $ | - | ||||
TOTAL OTHER ASSETS | $ | - | $ | - | ||||
TOTAL ASSETS | $ | 11,215,953 | $ | 12,529,929 | ||||
BOOK VALUE AT END OF | BOOK VALUE ON | |||||||
LIABILITIES AND OWNER EQUITY | CURRENT REPORTING MONTH | PETITION DATE | ||||||
LIABILITIES NOT SUBJECT TO COMPROMISE (Postpetition) | ||||||||
Accounts Payable | $ | 69,657 | $ | - | ||||
Taxes Payable (refer to FORM MOR-4) | $ | 119,539 | $ | 73,275 | ||||
Wages Payable | $ | 197,884 | $ | 202,788 | ||||
Notes Payable | $ | - | $ | - | ||||
Rent / Leases - Building/Equipment | $ | 650,751 | $ | 554,793 | ||||
Secured Debt / Adequate Protection Payments | $ | 2,050,000 | $ | 200,000 | ||||
Professional Fees | $ | - | $ | - | ||||
Amounts Due to Insiders* | $ | - | $ | - | ||||
Other Postpetition Liabilities (attach schedule) | $ | 932,319 | $ | 673,980 | ||||
TOTAL POSTPETITION LIABILITIES | $ | 4,020,150 | $ | 1,704,837 | ||||
LIABILITIES SUBJECT TO COMPROMISE (Pre-Petition) | ||||||||
Secured Debt | $ | 9,472,614 | $ | 9,386,118 | ||||
Priority Debt | $ | - | $ | - | ||||
Unsecured Debt | $ | 2,871,849 | $ | 7,083,172 | ||||
TOTAL PRE-PETITION LIABILITIES | $ | 12,344,464 | $ | 16,469,290 | ||||
TOTAL LIABILITIES | $ | 16,364,614 | $ | 18,174,127 | ||||
OWNER EQUITY | ||||||||
Capital Stock | $ | 54,725,760 | $ | 54,737,834 | ||||
Additional Paid-In Capital | $ | - | $ | - | ||||
Preferred Stock | $ | 4,079,980 | $ | 4,079,980 | ||||
Owner’s Equity Account | $ | - | $ | - | ||||
Retained Earnings - Pre-Petition | $ | (64,462,011 | ) | $ | (64,462,011 | ) | ||
Retained Earnings - Postpetition | $ | 507,611 | $ | - | ||||
Adjustments to Owner Equity (attach schedule) | $ | - | $ | - | ||||
Postpetition Contributions (Distributions) (Draws) (attach schedule) | $ | - | $ | - | ||||
NET OWNER EQUITY | $ | (5,148,660 | ) | $ | (5,644,197 | ) | ||
TOTAL LIABILITIES AND OWNERS’ EQUITY | $ | 11,215,953 | $ | 12,529,929 |
*“Insider” is defined in 11 U.S.C. Section 101(31).
In re: Axion International, Inc. | Case No.: 15-12415 | |
Debtor | Reporting Period: April 2016 |
BALANCE SHEET - continuation sheet
BOOK VALUE AT END OF | BOOK VALUE ON | |||||||
ASSETS | CURRENT REPORTING MONTH | PETITION DATE | ||||||
Other Current Assets | ||||||||
Other Assets | ||||||||
BOOK VALUE AT END OF | BOOK VALUE ON | |||||||
LIABILITIES AND OWNER EQUITY | CURRENT REPORTING MONTH | PETITION DATE | ||||||
Other Postpetition Liabilities | ||||||||
Customer deposit | $ | 86,100 | $ | 167,300 | ||||
Sales tax payable | $ | 44,944 | $ | 45,141 | ||||
Ford credit truck loan | $ | 19,304 | $ | 21,261 | ||||
Bureau of Workers Comp - Ohio | $ | 12,431 | $ | 16,577 | ||||
Royalties payable | $ | 135,855 | $ | 147,503 | ||||
Accrued interest | $ | 592,371 | $ | 276,198 | ||||
Utilities | $ | 37,814 | $ | - | ||||
Miscellaneous | $ | 3,500 | $ | - | ||||
(a) - plugged by negative $38; probably due to mis-posted prior period adjustment | ||||||||
Adjustments to Owner Equity | ||||||||
Postpetition Contributions (Distributions) (Draws) | ||||||||
Restricted Cash is cash that is restricted for a specific use and not available to fund operations. Typically, restricted cash is segregated into a separate account, such as an escrow account.
In re: Axion International, Inc. | Case No. 15-12415 |
Debtor | Reporting Period: April 2016 |
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.
Beginning | Amount | Ending | ||||||||||
Tax | Withheld or | Amount | Date | Check No. | Tax | |||||||
Liability | Accrued | Paid | Paid | or EFT | Liability | |||||||
Federal | ||||||||||||
Withholding | ||||||||||||
FICA-Employee | ||||||||||||
FICA-Employer | Through our payroll processor, Paychex, we have remitted and filed | |||||||||||
Unemployment | our tax returns when due. | |||||||||||
Income | ||||||||||||
Other:_________________ | ||||||||||||
Total Federal Taxes | ||||||||||||
State and Local | ||||||||||||
Withholding | ||||||||||||
Sales | ||||||||||||
Excise | Through our payroll processor, Paychex, we have remitted and filed | |||||||||||
Unemployment | our tax returns when due. | |||||||||||
Real Property | ||||||||||||
Personal Property | ||||||||||||
Other:_________________ | ||||||||||||
Total State and Local | ||||||||||||
Total Taxes |
SUMMARY OF UNPAID POSTPETITION DEBTS
Attach aged listing of accounts payable.
Number of Days Past Due | ||||||||||||||||||||||||
Current | 0-30 | 31-60 | 61-90 | Over 90 | Total | |||||||||||||||||||
Accounts Payable | $ | 69,657 | $ | - | $ | - | $ | - | $ | - | $ | 69,657 | ||||||||||||
Wages & Benefits Payable | $ | 197,884 | $ | - | $ | - | $ | - | $ | - | $ | 197,884 | ||||||||||||
Taxes Payable | $ | 164,483 | $ | - | $ | - | $ | - | $ | - | $ | 164,483 | ||||||||||||
Rent/Leases-Building | $ | 650,751 | $ | - | $ | - | $ | - | $ | - | $ | 650,751 | ||||||||||||
Rent/Leases-Equipment | $ | - | ||||||||||||||||||||||
Secured Debt/Adequate Protection Payments | $ | 2,050,000 | $ | - | $ | - | $ | - | $ | - | $ | 2,050,000 | ||||||||||||
Professional Fees | $ | - | ||||||||||||||||||||||
Miscellaneous | $ | 3,500 | $ | 3,500 | ||||||||||||||||||||
Truck loan | $ | 19,304 | $ | 19,304 | ||||||||||||||||||||
Interest | $ | 592,371 | $ | 592,371 | ||||||||||||||||||||
Customer deposits | $ | 86,100 | $ | 86,100 | ||||||||||||||||||||
Ohio Bureau of W/C | $ | 12,431 | $ | 12,431 | ||||||||||||||||||||
Utilities | $ | 37,814 | $ | 37,814 | ||||||||||||||||||||
Royalties payable | $ | 135,855 | $ | 135,855 | ||||||||||||||||||||
Total Postpetition Debts | $ | 4,020,150 | $ | - | $ | - | $ | - | $ | - | $ | 4,020,150 |
Explain how and when the Debtor intends to pay any past-due postpetition debts.
*“Insider” is defined in 11 U.S.C. Section 101(31).
In re Axion International, Inc. | Case No. 15-12415 (15-12416 & 15-12417) |
Debtor | Reporting Period: April 2016 |
AXION INTERNATIONAL INC
Aged Payables
As of Apr 30, 2016
Vendor | Date | Date Due | Invoice/CM # | 0 - 30 | 31 - 60 | 61 - 90 | Over 90 days | Amount Due | ||||||||||||||||||||||||
ADVANCED POLYMERS SUPPLY INC. | 9,569.30 | - | - | - | 9,569.30 | |||||||||||||||||||||||||||
AMERIGAS | 817.50 | - | - | - | 817.50 | |||||||||||||||||||||||||||
AMERICAN ELECTRIC POWER | (1,284.37 | ) | - | - | - | (1,284.37 | ) | |||||||||||||||||||||||||
ATMOS ENERGY | 360.91 | - | - | - | 360.91 | |||||||||||||||||||||||||||
BAKER & MCKENZIE CIS LIMITED | 485.32 | - | - | - | 485.32 | |||||||||||||||||||||||||||
BERESKIN & PARR | 797.29 | - | - | - | 797.29 | |||||||||||||||||||||||||||
CINTAS CORPORATION | 756.11 | - | - | - | 756.11 | |||||||||||||||||||||||||||
CINTAS CORPORATION #637 | 857.53 | - | - | - | 857.53 | |||||||||||||||||||||||||||
CITY OF WACO WATER | 2,934.42 | - | - | - | 2,934.42 | |||||||||||||||||||||||||||
COASTAL COMPOUNDED RESINS | 4,811.20 | - | - | - | 4,811.20 | |||||||||||||||||||||||||||
COMPUTERSHARE, INC | 523.80 | - | - | - | 523.80 | |||||||||||||||||||||||||||
DUPUY OXYGEN & SUPPLY | 25.54 | - | - | - | 25.54 | |||||||||||||||||||||||||||
FORD CREDIT | (506.48 | ) | - | - | - | (506.48 | ) | |||||||||||||||||||||||||
GP HARMON RECYCLING LLC | 29,015.68 | - | - | - | 29,015.68 | |||||||||||||||||||||||||||
THE HARTFORD | 764.20 | - | - | - | 764.20 | |||||||||||||||||||||||||||
WILLIAM JORDAN | 4,872.68 | - | - | - | 4,872.68 | |||||||||||||||||||||||||||
KERRY D. IRONS, M.D., P.A. | 56.00 | - | - | - | 56.00 | |||||||||||||||||||||||||||
MICROSOFT CORPORATION | 1,454.32 | - | - | - | 1,454.32 | |||||||||||||||||||||||||||
MUSKINGUM COUNTY UTILITIES | 4,399.75 | - | - | - | 4,399.75 | |||||||||||||||||||||||||||
PINNACLE RECYCLING | - | - | 1,296.75 | - | 1,296.75 | |||||||||||||||||||||||||||
PITNEY BOWES GLOBAL FINANCIAL SERVICES | 106.18 | - | - | - | 106.18 | |||||||||||||||||||||||||||
PRO HEAT INC. | 4,679.07 | - | - | - | 4,679.07 | |||||||||||||||||||||||||||
RING CENTRAL | 21.34 | - | - | - | 21.34 | |||||||||||||||||||||||||||
SOUTHGATE PROCESS EQUIPMENT, INC. | 861.50 | - | - | - | 861.50 | |||||||||||||||||||||||||||
SPOONER INC. | 175.00 | - | - | - | 175.00 | |||||||||||||||||||||||||||
SUNBELT RENTALS | 1,274.67 | - | - | - | 1,274.67 | |||||||||||||||||||||||||||
UPS | 26.99 | - | - | - | 26.99 | |||||||||||||||||||||||||||
ZORO TOOLS, INC. | 504.93 | - | - | - | 504.93 | |||||||||||||||||||||||||||
68,360.38 | - | 1,296.75 | - | 69,657.13 |
In re: Axion International, Inc. | Case No.: 15-12415 |
Debtor | Reporting Period: April 2016 |
ACCOUNTS RECEIVABLE RECONCILIATION AND AGING
Accounts Receivable Reconciliation (See below for additional detail to reconciliation) | Amount | |||
Total Accounts Receivable at the beginning of the reporting period | $ | 1,168,048 | ||
+ Amounts billed during the period | $ | 329,249 | ||
- Amounts collected during the period | $ | (708,624 | ) | |
Total Accounts Receivable at the end of the reporting period | $ | 788,673 | (a) | |
Accounts Receivable Aging | Amount | |||
0 - 30 days old | $ | 531,869 | ||
31 - 60 days old | $ | 85,393 | ||
61 - 90 days old | $ | 106,890 | ||
91+ days old | $ | 64,521 | ||
Total Accounts Receivable | $ | 788,674 | ||
Amount considered uncollectible (Bad Debt) | $ | (69,208 | ) | |
Accounts Receivable (Net) | $ | 719,466 |
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. | No | |||
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. | No | |||
3. | Have all postpetition tax returns been timely filed? If no, provide an explanation below. | Yes | |||
4. | Are workers compensation, general liability and other necessary insurance coverages in effect? If no, provide an explanation below. | Yes | |||
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. | No |
(a) Reconciliation of AR | ||||
Beginning balance | 1,168,048 | |||
Sales as reported on MOR 2 | 302,840 | |||
Miscellaneous cash receipt, not Sales | 60 | |||
Freight recorded as a dr to COS, not sales | 26,350 | |||
Collections, per MOR-1 | (707,669 | ) | ||
Customer wire fee | (10 | ) | ||
Month-end cutoff | (945 | ) | ||
Ending balance | 788,673 |