IN RE: I CASE NUMBER

I 20-20259 RAM

I

DEBTOR. I JUDGE: Robert A. Mark

I

I CHAPTER 11

I

/S/ Joshua Dobin

Attorney for Debtor's Signature

Debtor's Address Attorney's Address 

and Phone Number: and Phone Number:

Aventura Mall 3200 Southeast Financial Center

19501 Biscayne Blvd, Suite 1313 200 South Biscane Blvd.

Aventura, FL 33180 Miami, FL 33131

561-962-3508 305-358-6363

2) Initial Filing Requirements

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

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

simultaneously provided to the United States Trustee Office. Monthly Operating Reports must 

be filed by the 20th day of the following month.

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

the United States Trustee Program Website, http://www.usdoj.gov/ust/r21/index.htm.

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

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.

UNITED STATES BANKRUPTCY COURT

SOUTHERN DISTRICT OF FLORIDA

MIAMI DIVISION

FROM 11.01.20 TO 11.30.20

FOR THE PERIOD

DEBTOR'S STANDARD MONTHLY OPERATING REPORT (BUSINESS)

IT'Sugar FL I LLC

MOR-1

Case 20-20259-RAM Doc 227 Filed 01/19/21 Page 1 of 12
SCHEDULE OF RECEIPTS AND DISBURSEMENTS

FOR THE PERIOD BEGINNING 11.01.20 AND ENDING 11.30.20

Name of Debtor:

Date of Petition:

IT'Sugar FL I LLC Case Number: 20-20259 RAM

9.22.20

CURRENT

MONTH

CUMULATIVE

PETITION TO DATE

1. FUNDS AT BEGINNING OF PERIOD

2. RECEIPTS:

A. Cash Sales

Minus: Cash Refunds

Net Cash Sales

B. Accounts Receivable

C. Other Receipts (See MOR-3)

(If you receive rental income,

you must attach rent roll.)

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

4. TOTAL FUNDS AVAILABLE FOR

OPERATIONS (Line 1 + Line 3)

$ (a) $ (b)

5. DISBURSEMENTS

A. Advertising

B. Bank Charges (See Attachment A)

C. Contract Labor

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

E. Insurance

F. Inventory Payments (See Attach. 2)

G. Leases

H. Manufacturing Supplies

I. Office Supplies

J. Payroll - Net (See Attachment B)

K. Professional Fees (Accounting & Legal)

L. Rent

M. Repairs & Maintenance

N. Secured Creditor Payments (See Attach. 2)

O. Taxes Paid - Payroll (See Attachment B)

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

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

R. Telephone (See Attachment A)

S. Travel & Entertainment

Y. U.S. Trustee Quarterly Fees

U. Utilities (See Attachment A)

V. Vehicle Expenses

W. Other Operating Expenses (See Attachment A)

6. TOTAL DISBURSEMENTS (Sum of5A thru W)

7. ENDING BALANCE (Line 4 Minus Line 6)

1,088.33 1,088.33

242.67

12,537.25 12,537.25

260.39 260.39

1,133.05 1,133.05

13,765.68 32,574.95

1,037.65 3,842.65

315.40 512.05

325.00

774.90 1,421.75

3,733.83 8,713.83

34,646.48 62,651.92

$ (34,646.48) (c) $ (62,651.92) (c)

This Debtor's creditors include one landlord, Aventura Mall Venture and the Florida Department of Revenue.

All payments are made by its parent, IT'Sugar LLC, and are included within IT'Sugar LLC's monthly operating reports and

IT'Sugar LLC is paying all requisite UST Fees, as applicable, consistent with the Court's Final Order Granting, as Modified and

in Part, Debtors' Emergency Motion For (A) Authority to (I) Maintain Bank Accounts and Continue to Use Existing Business

Forms and Checks, and (II) Continue to Use Existing Cash Management System [ECF No. ^^l

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

best of my knowledge and belief.

This 21st day of December, 2020

Anton Gladnikov, Gf*Q

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

balance as of the petition date.

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

the petition.

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

Case 20-20259-RAM Doc 227 Filed 01/19/21 Page 2 of 12
Payments made by It’Sugar LLC on Debtor’s behalf:

Payment Date Vendor Name Payment Category Amount Paid Catogory Subtotal

11/6/2020 FEDEX (1752‐7149‐0) Advertising $747.49

11/11/2020 FEDEX (1752‐7149‐0) Advertising $340.84 $1,088.33

11/10/2020 C2 Imaging LLC Construction $9,342.47

11/17/2020 Triangle Sign & Service LLC Construction $3,194.78 $12,537.25

11/6/2020 Nassau Candy Inventory $3.60

11/6/2020 Nassau Candy Inventory ($1.24)

11/6/2020 FEDEX (1752‐7149‐0) Inventory $56.65

11/6/2020 FEDEX (1752‐7149‐0) Inventory $209.09

11/13/2020 ABOUT FACE DESIGNS Inventory $0.34

11/16/2020 Nassau Candy Inventory ($7.50)

11/16/2020 Nassau Candy Inventory ($76.08)

11/20/2020 Astor Chocolate Corporation Inventory $10.00

11/24/2020 JACK'S CANDY ‐ NJ Inventory $193.62

11/25/2020 Jelly Belly Candy Company Inventory ($0.23)

11/25/2020 KIDROBOT, LLC Inventory $102.00

11/25/2020 Nassau Candy Inventory ($52.56)

11/25/2020 Nassau Candy Inventory ($177.30) $260.39

11/6/2020 ADT COMMERCIAL Security $3,682.94

11/16/2020 ADT COMMERCIAL Security $50.89 $3,733.83

11/3/2020 MAT TECH LLC Supplies $419.95

11/6/2020 Gadge USA, Inc. Supplies $139.78

11/12/2020 THE WEEKS LERMAN GROUP LLC Supplies $108.12

11/17/2020 ECOLAB INC. Supplies $389.49

11/17/2020 ECOLAB INC. Supplies $75.71 $1,133.05

11/16/2020 VECTOR INTELLIGENT SOLUTIONS LLC Telecom $118.75

11/16/2020 VECTOR INTELLIGENT SOLUTIONS LLC Telecom $196.65 $315.40

11/4/2020 WM   12‐97664‐03008 Utilities $280.85

11/12/2020 FPL‐Florida Power & Light Company Utilities $494.05 $774.90

Total $19,843.15 $19,843.15

Attachment A: Detail of Disbursements by Vendor

Case 20-20259-RAM Doc 227 Filed 01/19/21 Page 3 of 12
Current Month Cumulative 

Petition to Date

$ - - $ 

 - - 

 - - 

 - - 

 - - 

 - - 

 - - 

 - - 

 - - 

$ - - $ 

Loan Amount Source of Funds Purpose Repayment Schedule 

`

Current Month

 Cumulative 

Petition to Date 

$ - - $ 

Description

OTHER RECEIPTS:

MONTHLY SCHEDULE OF RECEIPTS AND DISBURSEMENTS (cont'd)

Detail of Other Receipts and Other Disbursements

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

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

N/A

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

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

Description

TOTAL OTHER DISBURSEMENTS

N/A

TOTAL OTHER RECEIPTS

OTHER DISBURSEMENTS:

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

N/A

MOR-3

Case 20-20259-RAM Doc 227 Filed 01/19/21 Page 4 of 12
Name of Debtor: Case Number: 20-20259 RAM

Reporting Period beginning 11.01.20 and ending 11.30.20

NAME OF BANK: Bank of America Branch: n/a

ACCOUNT NAME: Payroll Account - DIP Case No. 20-20261

ACCOUNT NUMBER: **8941

PURPOSE OF ACCOUNT: PAYROLL

11/13/2020 460463 77 Payroll 2,111 $ 

11/13/2020 480491 77 Payroll 2,111 $ 

11/13/2020 460095 156 Payroll 1,836 $ 

11/13/2020 480096 156 Payroll 1,809 $ 

11/13/2020 460464 280 Payroll 432 $ 

11/13/2020 480492 280 412 $ 

11/13/2020 460465 342 504 $ 

11/13/2020 480493 342 378 $ 

11/13/2020 460431 384 1,780 $ 

11/27/2020 480451 384 1,780 $ 

11/27/2020 460466 385 655 $ 

11/27/2020 480495 385 588 $ 

11/27/2020 38379227 650 200 $ 

11/27/2020 480494 650 208 $ 

TOTAL $ 14,803.33

ATTACHMENT B

CHECK REGISTER- PAYROLL ACCOUNT

IT'Sugar FL I LLC

Date Check 

Number Payee Purpose Amount

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. 

Payroll

Payroll

Payroll

Payroll

Payroll

Payroll

Payroll

Payroll

Payroll

MOR-10

Case 20-20259-RAM Doc 227 Filed 01/19/21 Page 5 of 12
Name of Debtor: Case Number: 20-20259 RAM

Reporting Period beginning 11.01.20 and ending 11.30.20

ACCOUNTS RECEIVABLE AT PETITION DATE:

Beginning of Month Balance: - $ (a)

 PLUS: Current Month New Billings $ -

 MINUS: Collections During the Month $ - (b)

 PLUS/MINUS: Adjustments of Write-offs - $ *

End of Month Balance $ - (c)

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

N/A (c)

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

 Customer

Receivable 

Date

N/A

(c) These two amounts must equal.

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

2, Line 2B).

(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.

Status (Collection efforts taken, estimate of collectibility, writeoff, disputed account, etc.)

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

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

ATTACHMENT 1

MONTHLY ACCOUNTS RECEIVABLE RECONCILIATION AND AGING

ACCOUNTS RECEIVABLE RECONCILIATION

POST PETITION ACCOUNTS RECEIVABLE AGING

IT'Sugar FL I LLC

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

$ -

MOR-4

Case 20-20259-RAM Doc 227 Filed 01/19/21 Page 6 of 12
Name of Debtor: Case Number: 20-20259 RAM

Reporting Period beginning 11.01.20 and ending 11.30.20

Amount

$ -

N/A -

-

-

-

-

-

TOTAL AMOUNT $0.00 (b)

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

documentation.

Opening balance $ - (a)

 PLUS: New Indebtedness Incurred This Month $0.00

 MINUS: Amount Paid on Post Petition,

 Accounts Payable This Month $ -

 PLUS/MINUS: Adjustments $ - *

Ending Month Balance $ - (c)

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

$ -

TOTAL - $ (d)

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

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

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

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.

ATTACHMENT 2

MONTHLY ACCOUNTS PAYABLE AND SECURED PAYMENTS REPORT

ACCOUNTS PAYABLE RECONCILIATION (Post Petition Unsecured Debt Only):

Vendor

Date 

Incurred

Days 

Outstanding

IT'Sugar FL I LLC

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.

Description

Date Payment 

Due This 

Month

N/A

Secured 

Creditor / 

Lessor

Total Amount of 

Post Petition Payments 

Delinquent

SECURED PAYMENTS REPORT

Amount 

Paid This 

Month

Number of 

Post Petition 

Payments 

Delinquent

POST-PETITION ACCOUNTS PAYABLE

MOR-5

Case 20-20259-RAM Doc 227 Filed 01/19/21 Page 7 of 12
Name of Debtor: Case Number:

Reporting Period beginning 11.01.20 and ending 11.30.20

INVENTORY BALANCE AT PETITION DATE: 

INVENTORY RECONCILIATION:

Inventory Balance at Beginning of Month (a)

 PLUS: Inventory Purchased During Month

 MINUS: Inventory Used or Sold

 PLUS/MINUS: Adjustments or Write-downs *

Inventory on Hand at End of Month

METHOD OF COSTING INVENTORY: 

Less than 6 

months old

6 months to 

2 years old

Greater than 

2 years old

Considered 

Obsolete Total Inventory

n/a n/a n/a n/a = n/a *

Description of Obsolete Inventory:

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

(Includes Property, Plant and Equipment)

BRIEF DESCRIPTION: (First Report Only): 

FIXED ASSETS RECONCILIATION:

Fixed Asset Book Value at Beginning of Month - $ (a)(b)

$ -

$ -

$ * -

$ -

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

PERIOD: 

 Book Value is the cost of the fixed assets minus accumulated depreciation and other adjustments. 

ATTACHMENT 3

INVENTORY AND FIXED ASSET REPORT

INVENTORY REPORT

IT'Sugar FL I LLC

$ -

$ -

Check here if inventory contains perishable items.

FIXED ASSET REPORT

(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.

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

20-20259 RAM

Lower cost or market value

$ -

$ -

$ -

$ -

INVENTORY AGING

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

*Aging Percentages must equal 100%

(b)Fair Market Value is the amount at which fixed assets could be sold under current economic conditions.

 MINUS: Depreciation Expense

 PLUS: New purchases

Ending Monthly Balance

 PLUS/MINUS: Adjustments or Write-downs

MOR-6

Case 20-20259-RAM Doc 227 Filed 01/19/21 Page 8 of 12
Name of Debtor: Case Number: 20-20259 RAM

Reporting Period beginning 11.01.20 and ending 11.30.20

NAME OF BANK: N/A BRANCH: N/A

ACCOUNT NAME: N/A ACCOUNT NUMBER: N/A

PURPOSE OF ACCOUNT: 

 Ending Balance Per Bank Statement $ -

 Plus Total Amount of Outstanding Deposits - $ 

 Minus Total Amount of Outstanding Checks and other debits $ * -

 Minus Service Charges $ -

 Ending Balance Per Check Register $ **(a) -

*Debit cards are used by ___________________________________________________

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

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

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

Date Amount Payee Purpose

$ -

N/A

Transferred to Payroll Account

$ - Transferred to Tax Account

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

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

TRANSFERS BETWEEN DEBTOR IN POSSESSION ACCOUNTS

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

$ -

IT'Sugar FL I LLC

ATTACHMENT 4A

MONTHLY SUMMARY OF BANK ACTIVITY - OPERATING ACCOUNT

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

reconciliation form can be found at http://www.usdoj.gov/ust/r21/index.htm. If bank accounts other than the three required 

by the United States Trustee Program are necessary, permission must be obtained from the United States Trustee prior to 

opening the accounts. Additionally, use of less than the three required bank accounts must be approved by the United 

States Trustee.

N/A

Reason for Cash Disbursement

MOR-7

Case 20-20259-RAM Doc 227 Filed 01/19/21 Page 9 of 12
Case Number: 20-20259 RAM

Reporting Period beginning 11.01.20 and ending 11.30.20

Name of Taxing 

Authority

Date 

Payment 

Due

Description Amount Date Last Tax 

Return Filed Tax Return Period

N/A

TOTAL $ -

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 Debtor:

ATTACHMENT 6

MONTHLY TAX REPORT

TAXES OWED AND DUE

IT'Sugar FL I LLC

MOR-14

Case 20-20259-RAM Doc 227 Filed 01/19/21 Page 10 of 12
Name of Debtor: Case Number: 20-20259 RAM

Reporting Period beginning 11.01.20 and ending 11.30.20

Payment 

Description

Salary

Salary

Full Time

Number of employees at beginning of period

Number hired during the period

Number terminated or resigned during period

Number of employees on payroll at end of period

Policy Number Coverage 

Type Expiration Date Date Premium Due

United Healthcare 1-800-651-5465 0918867 Medical 12/31/2020 1st of month

Metlife 1-877-963-8932 5965643 Dental 12/31/2020 1st of month

VSP

1-800-216-6248 30042094 VSP 12/31/2021

Upon receipt of 

bill 

Discovery Benefits

1-877-765-8810 35696

COBRA 

Administration 10/1/2024 30th of month

HSA Bank

1-866-357-5232 20-2138344 HSA 10/1/2022

Upon receipt of 

bill 

Cigna

1-610-997-7337 SGM604376c01

Basic Life and 

AD&D 1/1/2022 End of Month

Cigna 1-610-997-7337 SGM604376c01 Voluntary Life 1/1/2022 End of Month

Cigna 1-610-997-7337 SOL 602904c01 Voluntary AD&D 1/1/2022 End of Month

Cigna

1-610-997-7337 VDT600992c01

Short Term 

Disability 1/1/2022 End of Month

Cigna

1-610-997-7337 0202138344-9000

NY Mandated

Disability and Paid 

Family Leave 

Administration 1/1/2022 End of Month

Cigna

1-610-997-7337 VTD600993c01

Long Term 

Disability 1/1/2022 End of Month

AFLAC

1-803-851-2293 000025892

Critical Illness, 

Hospital Indemnity 

and Accident 

Insurance 10/1/2021 10th of the month

ARAG

1-800-247-4184 18587-0001-001 Legal Benefits 10/1/2022 15th of the month

Infoarmor 1-800-789-2720 3716 ID Theft 10/1/2022 End of the month

NFP Property & Casualty 

Services, Inc. 1- 480-947-3556 n/a D&O 8/10/2021

Beginning of 

coverage

Date Reinstated

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

Phone 

Number

Reason for Lapse Date 

Lapsed

Agent and/or Carrier

N/A

PERSONNEL REPORT

Policy 

Type

The following lapse in insurance coverage occurred this month:

Name of Officer or Owner

List all policies of insurance in effect, including but not limited to workers' compensation, liability, fire, theft, comprehensive, vehicle, health and life. 

For the first report, attach a copy of the declaration sheet for each type of insurance. For subsequent reports, attach a certificate of insurance for 

any policy in which a change occurs during the month (new carrier, increased policy limits, renewal, etc.).

Part Time

Anton Gladnikov

CONFIRMATION OF INSURANCE

ATTACHMENT C

SUMMARY OF OFFICER OR OWNER COMPENSATION

SUMMARY OF PERSONNEL AND INSURANCE COVERAGES

Record all forms of compensation received by or paid on behalf of the Officer or Owner during the month. Include car allowances, payments to 

retirement plans, loan repayments, payments of Officer/Owner's personal expenses, insurance premium payments, etc. Do not include 

reimbursement of business expenses Officer or Owner incurred and for which detailed receipts are maintained in the accounting records. 

IT'Sugar FL I LLC

Jeff Rubin $ 28,846.00

Amount Paid

CEO

Title

CFO $ 13,846.00

MOR-15

Case 20-20259-RAM Doc 227 Filed 01/19/21 Page 11 of 12
Name of the Debtor: Case Number: 20-20259 RAM

Reporting Period beginning 11.01.20 and ending 11.30.20

Attach any relevant documents.

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

ATTACHMENT 8

SIGNIFICANT DEVELOPMENTS DURING REPORTING PERIOD

IT'Sugar FL I LLC

Information to be provided on this page, includes, but is not limited to: (1) financial transactions that are not reported on 

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

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

MOR-16

Case 20-20259-RAM Doc 227 Filed 01/19/21 Page 12 of 12