ex10_6.htm


    
      

    

    Exhibit
10.6

     

    
      	
              
                In re

              

            	 	
              
                CHARYS
      HOLDING COMPANY, INC

              

            	 	
              
                Case No.

              

            	 	
              
                08-10289
      (BLS)

              

            
	 
      	 	
              
                Debtor

              

            	 	
              
                Reporting  Period:

              

            	 	
              
                June
      1 through 30

              

            


    

    
       

      BALANCE
SHEET


    

    
       

      The
Balance Sheet is to be completed on an accrual basis only. Pre-petition
liabilities must be classified separately from post-petition
obligations.


    

     

    
      	
              
                ASSETS

              

            	 	
              
                BOOK
      VALUE AT END OF CURRENT
      REPORTING MONTH

              

            	 	 	
              
                BOOK
      VALUE AT END OF PRIOR REPORTING MONTH

              

            	 	 	
              
                BOOK
      VALUE ON PETITION DATE OR SCHEDULED

              

            	 
	
              
                CURRENT
      ASSETS

              

            	 	 	 	 	 	 	 	 	 
	
              
                Unrestricted
      Cash and Equivalents

              

            	 	 	6,450	 	 	 	3,880	 	 	 	 	 
	
              
                Restricted
      Cash and Cash Equivalents (see continuation
      sheet)

              

            	 	 	5,391,593	 	 	 	5,391,593	 	 	 	 	 
	
              
                Accounts
      Receivable (Net)

              

            	 	 	179,154,114	 	 	 	178,131,551	 	 	 	 	 
	
              
                Notes
      Receivable

              

            	 	 	 	 	 	 	 	 	 	 	 	 
	
              
                Inventories

              

            	 	 	 	 	 	 	 	 	 	 	 	 
	
              
                Prepaid
      Expenses

              

            	 	 	11,326	 	 	 	38,363	 	 	 	 	 
	
              
                Professional
      Retainers

              

            	 	 	589,301	 	 	 	589,301	 	 	 	 	 
	
              
                Other
      Current Assets (attach
      schedule)

              

            	 	 	75,957	 	 	 	75,208	 	 	 	 	 
	
              
                TOTAL
      CURRENT ASSETS

              

            	 	 	185,228,741	 	 	 	184,229,896	 	 	 	 	 
	
              
                PROPERTY
      & EQUIPMENT

              

            	 	 	 	 	 	 	 	 	 	 	 	 
	
              
                Real
      Property and Improvements

              

            	 	 	 	 	 	 	 	 	 	 	 	 
	
              
                Machinery
      and Equipment

              

            	 	 	 	 	 	 	 	 	 	 	 	 
	
              
                Furniture,
      Fixtures and Office Equipment

              

            	 	 	116,718	 	 	 	116,718	 	 	 	 	 
	
              
                Leasehold
      Improvements

              

            	 	 	 	 	 	 	 	 	 	 	 	 
	
              
                Vehicles

              

            	 	 	 	 	 	 	 	 	 	 	 	 
	
              
                Less:
      Accumulated Depreciation

              

            	 	 	(48,513	)	 	 	(45,690	)	 	 	 	 
	
              
                TOTAL
      PROPERTY & EQUIPMENT

              

            	 	 	68,205	 	 	 	71,028	 	 	 	 	 
	
              
                OTHER
      ASSETS

              

            	 	 	 	 	 	 	 	 	 	 	 	 
	
              
                Amounts
      due from Insiders*

              

            	 	 	86,638	 	 	 	86,638	 	 	 	 	 
	
              
                Other
      Assets (attach
      schedule)

              

            	 	 	48,400,982	 	 	 	47,309,329	 	 	 	 	 
	
              
                TOTAL
      OTHER ASSETS

              

            	 	 	48,487,620	 	 	 	47,395,967	 	 	 	 	 
	
              
                TOTAL
      ASSETS

              

            	 	 	233,784,566	 	 	 	231,696,891	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	
              
                LIABILITIES
      AND OWNER EQUITY

              

            	 	
              
                BOOK
      VALUE AT END OF CURRENT
      REPORTING MONTH

              

            	 	 	
              
                BOOK
      VALUE AT END OF PRIOR REPORTING MONTH

              

            	 	 	
              
                BOOK
      VALUE ON PETITION DATE

              

            	 
	
              
                LIABILITIES
      NOT SUBJECT TO COMPROMISE (Postpetition)

              

            	 	 	 	 	 	 	 	 	 	 	 	 
	
              
                Accounts
      Payable

              

            	 	 	142,880	 	 	 	328,419	 	 	 	 	 
	
              
                Taxes Payable (refer to
      FORM MOR-4)

              

            	 	 	 	 	 	 	 	 	 	 	 	 
	
              
                Wages
      Payable

              

            	 	 	 	 	 	 	 	 	 	 	 	 
	
              
                Notes
      Payable

              

            	 	 	 	 	 	 	 	 	 	 	 	 
	
              
                Rent
      / Leases - Building/Equipment

              

            	 	 	 	 	 	 	 	 	 	 	 	 
	
              
                Secured
      Debt / Adequate Protection Payments

              

            	 	 	311,030	 	 	 	243,414	 	 	 	 	 
	
              
                Professional
      Fees

              

            	 	 	3,805,509	 	 	 	2,874,609	 	 	 	 	 
	
              
                Amounts
      Due to Insiders*

              

            	 	 	7,024	 	 	 	15,466	 	 	 	 	 
	
              
                Other Post-petition Liabilities (attach
      schedule)

              

            	 	 	13,819	 	 	 	13,819	 	 	 	 	 
	
              
                TOTAL
      POST-PETITION LIABILITIES

              

            	 	 	4,280,262	 	 	 	3,475,727	 	 	 	 	 
	
              
                LIABILITIES
      SUBJECT TO COMPROMISE (Pre-Petition)

              

            	 	 	 	 	 	 	 	 	 	 	 	 
	
              
                Secured
      Debt

              

            	 	 	4,356,568	 	 	 	4,356,568	 	 	 	 	 
	
              
                Priority
      Debt

              

            	 	 	288,707,391	 	 	 	288,707,391	 	 	 	 	 
	
              
                Unsecured
      Debt

              

            	 	 	79,432,861	 	 	 	79,440,169	 	 	 	 	 
	
              
                TOTAL
      PRE-PETITION LIABILITIES

              

            	 	 	372,496,820	 	 	 	372,504,128	 	 	 	 	 
	
              
                TOTAL
      LIABILITIES

              

            	 	 	376,777,082	 	 	 	375,979,855	 	 	 	 	 
	
              
                OWNERS'
      EQUITY

              

            	 	 	 	 	 	 	 	 	 	 	 	 
	
              
                Capital
      Stock

              

            	 	 	58,953	 	 	 	58,953	 	 	 	 	 
	
              
                Additional
      Paid-In Capital

              

            	 	 	345,724,500	 	 	 	345,724,500	 	 	 	 	 
	
              
                Partners'
      Capital Account

              

            	 	 	 	 	 	 	 	 	 	 	 	 
	
              
                Owner's
      Equity Account

              

            	 	 	 	 	 	 	 	 	 	 	 	 
	
              
                Retained
      Earnings - Pre-Petition

              

            	 	 	(494,870,829	)	 	 	(494,870,829	)	 	 	 	 
	
              
                Retained
      Earnings - Post-petition

              

            	 	 	6,094,860	 	 	 	4,804,412	 	 	 	 	 
	
              
                Adjustments to Owner Equity (attach
      schedule)

              

            	 	 	 	 	 	 	 	 	 	 	 	 
	
              
                Post-petition Contributions (attach
      schedule)

              

            	 	 	 	 	 	 	 	 	 	 	 	 
	
              
                NET
      OWNERS’ EQUITY

              

            	 	 	(142,992,516	)	 	 	(144,282,964	)	 	 	 	 
	
              
                TOTAL
      LIABILITIES AND OWNERS' EQUITY

              

            	 	 	233,784,566	 	 	 	231,696,891	 	 	 	 	 


    

    
      *"Insider"
is defined in 11 U.S.C. Section 101(31).

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

    

    
      	
              
                In re

              

            	 	
              
                CHARYS
      HOLDING COMPANY, INC

              

            	 
      	
              
                Case No.

              

            	 	
              
                08-10289
      (BLS)

              

            
	 
      	 	
              
                Debtor

              

            	 
      	
              
                Reporting Period:

              

            	 	
              
                June
      1 through 30

              

            


    

    


     

    
      	
              
                BALANCE
      SHEET - continuation section

              

            	 	 	 	 	 	 	 	 	 
	
              
                ASSETS

              

            	 	
              
                BOOK
      VALUE AT END OF CURRENT
      REPORTING MONTH

              

            	 	 	
              
                BOOK
      VALUE AT END OF PRIOR
      REPORTING MONTH

              

            	 	 	
              
                BOOK
      VALUE ON PETITION DATE

              

            	 
	
              
                Other
      Current Assets

              

            	 	 	 	 	 	 	 	 	 	 
	
              
                Travel
      Advances

              

            	 	 	 	 	 	 	57,579	 	 	 	 	 
	
              
                Deposits

              

            	 	 	 	 	 	 	18,378	 	 	 	 	 
	
              
                Other
      Assets

              

            	 	 	 	 	 	 	 	 	 	 	 	 
	
              
                Investment
      in subsidiaries

              

            	 	 	 	 	 	 	48,400,982	 	 	 	 	 
	 
      	 	 	 	 	 	 	 	 	 	 	 	 
	 
      	 	 	 	 	 	 	 	 	 	 	 	 
	 
      	 	 	 	 	 	 	 	 	 	 	 	 
	
              
                LIABILITIES
      AND OWNER EQUITY

              

            	 	
              
                BOOK
      VALUE AT END OF CURRENT
      REPORTING MONTH

              

            	 	 	 	 	 	 	
              
                BOOK
      VALUE ON PETITION DATE

              

            	 
	
              
                Other
      Post-petition Liabilities

              

            	 	 	 	 	 	 	 	 	 	 	 	 
	
              
                Misc
      accrued expenses

              

            	 	 	13,819	 	 	 	 	 	 	 	 	 
	 
      	 	 	 	 	 	 	 	 	 	 	 	 
	 
      	 	 	 	 	 	 	 	 	 	 	 	 
	
              
                Other
      Post-petition Liabilities

              

            	 	 	 	 	 	 	 	 	 	 	 	 
	 
      	 	 	 	 	 	 	 	 	 	 	 	 
	 
      	 	 	 	 	 	 	 	 	 	 	 	 
	 
      	 	 	 	 	 	 	 	 	 	 	 	 


    

    
      


       

      Restricted
Cash: 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.