UNITED STATES BANKRUPTCY COURT 

SOUTHERN DISTRICT OF FLORIDA

MIAMI-DADE DIVISION

In Re: Case Number 20-16595-AJC

Astor EB-5, LLC Chapter 11

Debtor(s) /

DEBTOR'S STANDARD MONTHLY OPERATING REPORT (INDIVIDUAL)

FOR THE PERIOD 

FROM 06/17/2020 TO 6/31/2020

Comes now the above-named debtor and files its Monthly Operating Reports in accordance with the 

Guidelines established by the United States Trustee and FRBP 2015.

s/s:Joel M. Aresty

Attorney for Debtor' s Signature

Debtor's Address 

and Phone Number:

/s/ Manuel Ferreria

Manager

Attorney's Address 

and Phone Number:

309 1st Ave S Tierra Verde FL 33715

 305-904-1903

Note: The original Monthly Operating Report is to be filed with the court and a copy simultaneously 

provided to the United States Trustee Office. Monthly Operating Reports must be filed by the 20th day of 

the following month.

For assistance in preparing the Monthly Operating Report, refer to the following resources on the United 

States Trustee Program Webs ite, ht t p : // www . u s d o j . gov /ust/r21/reg inf o . htm

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

2) Initial Fili ng Requirements

3) Frequently Asked Questions (FAQs)h ttp://www.u sdoj.gov/ust/

Case 20-16595-AJC Doc 124 Filed 02/17/21 Page 1 of 19
SCHEDULE OF RECEIPTS AND DISBURSEMENTS

FOR THE PERIOD BEGINNING 06/17/2020 AND ENDING6/30/20/2020

Name of Debtor: 

Date of Petition: 6/17/20

 CURRENT

 CUMULATIVE

MONTH PETITION TO DATE

I. FUNDS AT BEGINNING OF PERIOD $0

(b}

2. RECEIPTS: 0

A. Cash Sales n/a

Minus: Cash Refunds (-}

Net Cash Sales

8. Accounts Receivable n/a

C. Other Receipts(See MOR-3) deposit 

(If you receive rental income, 

you must attach a rent roll.)

3. TOTAL RECEIPTS (Lines 2A+2B+2C) 0

4. TOTAL FUNDS AVAILABLE FOR

OPERATIONS (Line I +Line 3)

5. DISBURSEMENTS

A. Advertisin

B. Bank Charges $0

C. Contract Labor

D. Fixed Asset Payments (not incl. in " N" )

E. Insurance

F. Invento[Y Payments (See Attach. 2)

G. Leases

H. Manufacturing Supplies

I. Office Supplies

J. Payroll - Net (See Attachment 48)

K. Professional Fees (Accounting & Legal)

L. Rent

M. Repairs & Maintenance

N. Secured Creditor Payments (See Attach. 2)

0. Taxes Paid - Payroll (See Attachment 4C)

P. Taxes Paid - Sales & Use (See Attachment 4C)

Q. Taxes Paid - Other (See Attachment 4C)

R. Tele hone

S. Travel & Entertainment

Y. U.S. Trustee Quarterly Fees

u. Utilities

V. Vehicle Expenses

W. Other Operating Expenses (See MOR-3)

6. TOTAL DISBURSEMENTS (Sum o[5A thru W)

7. ENDING BALANCE (Line 4 Minus Line 6) 0

*Includes pre and post petition transactions

I declare under penalty of perjury that this statement and the accompanying documents and reports are true 

and correct to the best of my knowledge and belief.

Case 20-16595-AJC Doc 124 Filed 02/17/21 Page 2 of 19
This 17th day of February , 20 21

/s/ Manuel Ferreria Manager

(Signature)

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

balance as of the petition date.

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

the petition.

(c)These two amounts will always be the same if form is completed correct ly.

Case 20-16595-AJC Doc 124 Filed 02/17/21 Page 3 of 19
MONTHLY SCHEDULE OF RECElPTS AND DISBURSEMENTS (cont'd)

Detail of Other Receipts and Other Disbursements

OTHER RECEIPTS:

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

Cumulative

Description Current Month

Petition to Date

TOTAL OTHER RECEIPTS

"Other Receipts" includes Loans from Insiders and other sources (i.e. Officer/Owner, related parties

directors, related corporations, etc.). Please describe below:

Source

Loan Amount of Funds Purpose Repayment Schedule

OTHER DISBURSEMENTS:

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

SW.

Cumulative

Description Current Month Petition to Date

TOTAL OTHER DISBURSEMENTS

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

Case 20-16595-AJC Doc 124 Filed 02/17/21 Page 4 of 19
ATTACHMENT 1

MONTHLY ACCOUNTS RECEIVABLE RECONCILIATION AND AGING

Reporting Period beginning ACCOUNTS 

RECEIVABLE AT PETITION DATE:

Period ending 01/17/2020

ACCOUNTS RECEIVABLE RECONCILIATION

(Include all accounts receivable, pre-petition and post-petition, including charge card sales which have 

not been received):

Beginning of Month Balance $ 0

PLUS: Current Month New Billings

MINUS: Collection During the Month $

(a)

(b)

PLUS/MIN US : Adjustments or Writeoffs $ *

End of Month Balance $ 0 (c)

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

POST PETITION ACCOUNTS RECEIVABLE AGING

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

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

$ 0 $ $ $ $ (c)

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

Receivable

Customer Date Status (Collection efforts taken, estimate of collectibility,

write-off, disputed account, etc.)

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

balance as of the petition date.

(b)This must equal the number reported in the "Current Month" column of Schedule of Receipts and 

Disbursements (Page MOR-2, Line 2B).

(c)These two amounts must equal.

Case 20-16595-AJC Doc 124 Filed 02/17/21 Page 5 of 19
ATTACHMENT 2

MONTHLY ACCOUNTS PAYABLE AND SECURED PAYMENTS REPORT

Name of Debtor: Reporting Period beginning Period ending

In the space below list all invoices or bills incurred and not paid since the filing of the petition. Do not include

amounts owed prior to filing the petition. In the alternative, a computer generated list of payables may be attached

provided all information requested below is included.

POST-PETITION ACCOUNTS PAY ABLE

Date 

Incurred

Days

Outstanding Vendor Description Amount

TOTAL

□ Check here if pre-petition debts have been paid. Attach an explanation and copies of supporting 

documentation.

ACCOUNTS PAYABLE RECONCILIATION (Post Petition Unsecured Debt Only}

Opening Balance $ (a)

PLUS: New Indebtedness IncurredThis Month $

MINUS: Amount Paid on Post Petition,

Accounts Payable This Month $

PLUS/MINUS: Adjustments $

Ending Month Balance $

*

(

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

SECURED PAYMENTS REPORT

List the status of Payments to Secured Creditors and Lessors (Post Petition Only). If you have entered into a

modification agreement with a secured creditor/lessor, consult with your attorney and the United States Trustee

Program prior to completing this section). Number Total

Secured

Date

Payment Amount

of Post

Petition

Amount of

Post Petition

Creditor/ Due This Paid This Payments Payments

Lessor Month Month Delinquent Delinquent

n/ a

TOTAL (d)

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

(b c)The total of line (b) must equal li ne (c).

Case 20-16595-AJC Doc 124 Filed 02/17/21 Page 6 of 19
Case 20-16595-AJC Doc 124 Filed 02/17/21 Page 7 of 19
ATTACHMENT 3

INVENTORY AND FIXED ASSETS REPORT

Reporting Period beginning Period ending

INVENTORY REPORT

INVENTORY BALANCE AT PETITION DATE: $

INVENTORY RECONCILIATION:

Inventory Balance at Beginning of Month 

PLUS: Inventory Purchased During Month

$ (a)

$

MINUS: Inventory Used or Sold $

PLUS/M INUS: Adjustments or Write-downs $ *

Inventory on Hand at End of Month $

METHOD OF COSTINGINVENTORY:

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

INVENTORY AGING

Less than 6 6 months to Greater than Considered

months old 2 years old 2 years old

% % %

Obsolete Total Inventory

% 100%*

* Aging Percentages must equal I 00%.

□ Check here if inventory contains perishable items.

Description of ObsoleteInventory:

FIXED ASSET REPORT

FIXED ASSETS FAIR MARKET VALUE AT PETITION DATE: (b)

(Includes Property, Plant and Equipment)

BRIEF DESCRIPTION (First ReportOnly):

FIXED ASSETS RECONC ILIATION :

Fixed Asset Book Value at Beginning of Month 

MINUS: Depreciation Expense

$ (a)(b)

$

PLUS : New Purchases $

PLUS /MINUS: Adjustments or Write-downs $ *

Ending Monthly Balance $

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

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

PERIOD:

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

balance as of the petition date.

Case 20-16595-AJC Doc 124 Filed 02/17/21 Page 8 of 19
Case 20-16595-AJC Doc 124 Filed 02/17/21 Page 9 of 19
ATTACHMENT 4A

MONTHLY SUMMARY OF BANK ACTIVITY - OPERATING ACCOUNT

Name of Debtor:

Reporting Period beginning Period ending

Attach a copy of current month bank statement and bank reconciliation to this Summary of Bank Act ivity. A

standard bank reconciliation form can be found at http://www.usdo j. gov/ust/r21 /reg info.htm. If bank accounts 

other than the three required by the United States Trustee Program are necessa ry, permission must be obtained from 

the United States Trustee prior to opening the accounts. Add itionally, use of less than the three required bank 

accounts must be approved by the UnitedStates Trustee.

NAME OF BANK: BRANCH: - M-"i=ami _

ACCOUNT NAME: ACCOUNT NUMBER:

PURPOSE OF ACCOUNT : OPERATING

Ending Balance per Bank Statement $

PlusTotalAmountofOutstandingDeposits $ _ 

MinusTotal Amount ofOutstanding Checks and other debits $ * 

MinusServiceCharges =-$ _

Ending Balance per Check Register =-$ --='3"9"'"."6'""6'a..- **(a)

*Debit cards are used by _

**If Closing Balance is negative, provide explanation:

The following disbursements were paid in Cash (do not includes items reported as Petty Cash on Attachment 

40: ( □ Check here if cash disbursements were authorized by United States Trustee)

Date Amount Payee Purpose Reason for Cash Disbursement

TRANSFERS BETWEEN DEBTOR IN POSSESSION ACCOUNTS

"Tota l Amount of Outstanding Checks and other deb its", listed above, includes:

$ Transferred to Payroll Account

$ Transferred to Tax Account

(a) The total of this line on Attachment 4A, 48 and 4C plus the total of 4D must equal the amount reported as 

" Endin g Balance" on Schedule of Receipts and Disbursements (Page MOR-2 , Line 7).

Case 20-16595-AJC Doc 124 Filed 02/17/21 Page 10 of 19
ATTACHMENT SA

CHECK REGISTER - OPERATING ACCOUNT

Name of Debtor:

_

Account for all disbursements, including voids, lost checks, stop payments, etc. In the 

alternative, a computer generated check register can be attached to this report, provided all the 

information requested below is included.

CHECK

DATE NUMBER PAYEE

TOTAL $ 17,500.00

Case 20-16595-AJC Doc 124 Filed 02/17/21 Page 11 of 19
ATTACHMENT 4B

MONTHLY SUMMARY OF BANK ACTIVITY - PAYROLL ACCOUNT

Name of Debtor:

Attach a copy of current month bank statement and bank reconciliation to this Summary of Bank Activity. 

A standard bank reconciliation form can be found at http://www.usdo j.gov/ust/r2I/reg info.htrn.

NAME OFBANK: _BRANCH: _

ACCOUNTNAME: ............................. _ACCOUNTNUMBER: _ 

PURPOSE OFACCOUNT: ------"-'PA:....:. ...Y-=--=R=O-=L=L _

Ending Balance per Bank Statement

Plus Total Amount of Outstanding Deposits

Minus Total Amount of Outstanding Checks and other debits *

Minus Service Charges

Ending Balance perCheck Register ""$ **(a)

*Debit cards must not be issued on this account.

**IfClosingBalanceisnegative,provideexplanation: _

The following disbursements were paid by Cash: ( □ Check here if cash disbursements were authorized

by United States Trustee)

Date Amount Payee Purpose Reason for Cash Disbursement

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

Date Amount Payee Purpose Reason for disbursement from this

account

(a)The total of this line on Attachment 4A, 48 and 4C plus the total of 4D must equal the amount reported as

" Endin g Balance" on Schedule of Receipts and Disbursements (Page MOR-2 , Line 7).

Case 20-16595-AJC Doc 124 Filed 02/17/21 Page 12 of 19
ATTACHMENT SB

CHECK REGISTER - PAYROLL ACCOUNT

Name of Debtor:

NAME OFBANK: _ BRANCH: _

ACCOUNT NAME: 

ACCOUNTNUMBER:

PURPOSE OF ACCOUNT: PAYROLL

Account for all disbursements , including voids, lost payments, stop payment, etc. In the 

alternative, a computer generated check register can be attached to this report, provided all the 

information requested below isincluded.

CHECK

DATE NUMBER PAYEE PURPOSE AMOUNT

TOTAL $

Case 20-16595-AJC Doc 124 Filed 02/17/21 Page 13 of 19
ATTACHMENT 4C

MONTHLY SUMMARY OF BANK ACTIVITY-TAX ACCOUNT

Name ofDebtor:

Attach a copy of current month bank statement and bank reconciliation to this Summary of Bank Activity. A 

standard bank reconciliation form can be found on the United States Trustee webs ite,

http://www.usdoj .gov/us t/r21/ i ndex.h tm.

NAME OF BANK: 

ACCOUNT NAME: _

BRANCH:

ACCOUNT NUMBER : _

PURPOSE OFACCOUNT: -----'T,...A..e.,cX..e... _

EndingBalance perBankStatement ""$ _

PlusTotalAmountofOutstandingDeposits ""$ _ 

MinusTotal Amount ofOustanding Checks and other debits $ * 

MinusServiceCharges ""$ _

Ending Balance per Check Register $ **(a)

*Debit cards must not be issued on this account.

**If Closing Balance is negative, provide explanation -------------------------------------------------------------- ,-

The following disbursements were paid by Cash: ( □ Check here if cash disbursements were authorized by

United States Trustee)

Date Amount Payee Purpose Reason for Cash Disbursement

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

Date Amount Payee Purpose Reason for disbursement from this account

(a)The total of this line on Attachment 4A, 4B and 4C plus the total of 4D must equal the amount reported as 

" Endin g Balance" on Schedule of Receipts and Disbursements (Page MOR-2 , Line 7).

Case 20-16595-AJC Doc 124 Filed 02/17/21 Page 14 of 19
ATTACHMENT SC

CHECK REGISTER - TAX ACCOUNT

Name of Debtor: Case Number:

Reporting Period beginning NAME OF

BANK: _ 

ACCOUNT NAME: _

Period ending BRANCH: _ 

ACCOUNT# _

PURPOSE OF ACCOUNT: -- T.!....!AX"'-"------------

Account for all disbursements , including voids, lost checks, stop payments, etc. In the 

alternative, a computer-generated check register can be attached to this report, provided all the 

information requested below is included.

http://www.usdo j.gov/ust/

CHECK

DATE NUMBER PAYEE PURPOSE AMOUNT

TOTAL d

SUMMARY OF TAXES PAID

Payroll Taxes Paid 

Sales & Use Taxes Paid

(a)

(b)

Other Taxes Paid (c)

TOTAL (d)

(a) This number is reported in the "Current Month" column of Schedule of Receipts and Disbursements 

(Page MOR-2, Line 50).

(b) This number is reported in the "Current Month " column of Schedule or Receipts and Disbursements 

(Page MOR-2, Line SP).

(c) This number is reported in the "Current Month " column of Schedule of Receipts and Disbursements 

(Page MOR-2, Line 50).

(d) These two lines must be equal.

Case 20-16595-AJC Doc 124 Filed 02/17/21 Page 15 of 19
ATTACHMENT 4D

INVESTMENT ACCOUNTS AND PETTY CASH REPORT

INVESTMENT ACCOUNTS

Each savings and investment account, i.e. certificates of deposits, money market accounts, stocks

and bonds, etc., should be listed separately. Attach copies of account statements.

Type of Negotiable

Current 

Instrument Face Value Purchase Price Date of Purchase Market Value

TOTAL a

PETTY CASH REPORT

The following Petty Cash Drawers/Accounts are maintained:

Maximum Amount of Petty Difference between

Location of Amount of Cash

Box/Account in Drawer/Acct.

Cash On Hand (Column 2) and

At End of Month (Column 3)

TOTAL $ (b)

For any Petty Cash Disbursements over $100 per transaction, attach copies of receipts. If

there are no receipts, provide an explanation

TOTAL INVESTMENT ACCOUNTS AND PETTY CASH(a + b) $ (c)

(c)The total of this line on Attachment 4A, 4B and 4C plus the total of 4D must equal the 

amount reported as "Ending Balance" on Schedule of Receipts and Disbursements (Page 

MOR-2, Line 7).

Case 20-16595-AJC Doc 124 Filed 02/17/21 Page 16 of 19
ATTACHMENT 6

MONTHLY TAX REPORT

Name of Debtor:

TAXES OWED AND DUE

Report all unpaid post-petition taxes including Federal and State withholding FICA, State sales

tax, property tax, unemployment tax, State workmen's compensation, etc.

Name of Date Date Last

Taxing 

Authority

Payment

Due Description

Tax Return Tax Return

Amount Filed Period

TOTAL $

Case 20-16595-AJC Doc 124 Filed 02/17/21 Page 17 of 19
ATTACHMENT 7

SUMMARY OF OFFICER OR OWNER COMPENSATION

SUMMARY OF PERSONNEL AND INSURANCE COVERAGES

Name of Debtor:

Report all forms of compensation received by or paid on behalf of the Officer or Owner during the month . Include

car allowances, payments to retirement plans, loan repayments, payments of Officer/Owner 's personal expenses, 

insurance premium payments, etc. Do not include reimbursement for business expenses Officer or Owner incurred

and for which detailed receipts are maintained in the accounting records.

Payment

Name of Officer or Owner Title Description Amount Paid

Number of employees at beginning of period

Number hired during the period

Number terminated or resigned during period

PERSONNEL REPORT

Full Time Part Time

Number of employees on payroll at end of period

CONFIRMATION OF INSURANCE

List all policies of insurance in effect, including but not limited to workers' compensation, liability, fire, theft, 

comprehensive, vehicle, health and li fe. For the first report, attach a copy of the declaration sheet for each type of

insurance. For subsequent reports, attach a certificate of insurance for any policy in which a change occurs during

the month (new carrier, increased policy limits, renewal, etc.).

A ent Date

and/or Phone Policy Coverage Expiration Premium

Carrier Number Number Type Date Due

The following lapse in insurance coverage occurred this month:

Policy

Type

Date Date

Lapsed Reinstated Reason for Lapse

Case 20-16595-AJC Doc 124 Filed 02/17/21 Page 18 of 19
Check here if U. S. Trustee has been listed as Certificate Holder for all

insurance policies.

ATTACHMENT 8

SIGNIFICANT DEVELOPMENTS DURING REPORTING PERIOD

Information to be provided on this page, includes, but is not limited to: (I) financial transactions that are not reported

on this report, such as the sale of real estate (attach closing statement); (2) non-financial transactions, such as the

substitution of assets or collateral; (3) modifications to loan agreements; (4) change in senior management, etc.

Attach any relevant documents.

We anticipate filing a Plan of Reorganization and Disclosure Statement on or before

TBD

Case 20-16595-AJC Doc 124 Filed 02/17/21 Page 19 of 19