Official Form 425C Monthly Operating Report for Small Business Under Chapter 11 page 1

 

Official Form 425C 

Monthly Operating Report for Small Business Under Chapter 11 12/17

Month: ___________ Date report filed: ___________ 

MM / DD / YYYY 

Line of business: ________________________ NAISC code: ___________ 

In accordance with title 28, section 1746, of the United States Code, I declare under penalty of perjury 

that I have examined the following small business monthly operating report and the accompanying 

attachments and, to the best of my knowledge, these documents are true, correct, and complete. 

Responsible party: ____________________________________________ 

Original signature of responsible party ____________________________________________ 

Printed name of responsible party ____________________________________________

1. Questionnaire

Answer all questions on behalf of the debtor for the period covered by this report, unless otherwise indicated.

Yes No N/A 

If you answer No to any of the questions in lines 1-9, attach an explanation and label it Exhibit A. 

1. Did the business operate during the entire reporting period?   

2. Do you plan to continue to operate the business next month?   

3. Have you paid all of your bills on time?   

4. Did you pay your employees on time?   

5. Have you deposited all the receipts for your business into debtor in possession (DIP) accounts?   

6. Have you timely filed your tax returns and paid all of your taxes?   

7. Have you timely filed all other required government filings?   

8. Are you current on your quarterly fee payments to the U.S. Trustee or Bankruptcy Administrator?   

9. Have you timely paid all of your insurance premiums?   

If you answer Yes to any of the questions in lines 10-18, attach an explanation and label it Exhibit B. 

10. Do you have any bank accounts open other than the DIP accounts?   

11. Have you sold any assets other than inventory?   

12. Have you sold or transferred any assets or provided services to anyone related to the DIP in any way?   

13. Did any insurance company cancel your policy?   

14. Did you have any unusual or significant unanticipated expenses?   

15. Have you borrowed money from anyone or has anyone made any payments on your behalf?   

16. Has anyone made an investment in your business?   

 Check if this is an 

amended filing

Debtor Name __________________________________________________________________ 

United States Bankruptcy Court for the: _______ District of ________ 

Case number: _________________________ 

 Fill in this information to identify the case: 

Little Rock Urban Air, LLC Northern District of Texas 24-40610-11 April 2024 Family Entertainment 713990 Thomas Fox Thomas Fox ✔

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Case 24-40610-mxm11 Doc 60 Filed 06/05/24 Entered 06/05/24 21:23:44 Desc Main

Document Page 1 of 9
Debtor Name _______________________________________________________ Case number_____________________________________ 

Official Form 425C Monthly Operating Report for Small Business Under Chapter 11 page 2

17. Have you paid any bills you owed before you filed bankruptcy?   

18. Have you allowed any checks to clear the bank that were issued before you filed bankruptcy?   

2. Summary of Cash Activity for All Accounts

19. Total opening balance of all accounts

This amount must equal what you reported as the cash on hand at the end of the month in the previous 

month. If this is your first report, report the total cash on hand as of the date of the filing of this case.

$ __________

20. Total cash receipts 

Attach a listing of all cash received for the month and label it Exhibit C. Include all 

cash received even if you have not deposited it at the bank, collections on 

receivables, credit card deposits, cash received from other parties, or loans, gifts, or 

payments made by other parties on your behalf. Do not attach bank statements in 

lieu of Exhibit C. 

Report the total from Exhibit C here. 

 

$ __________

21. Total cash disbursements 

Attach a listing of all payments you made in the month and label it Exhibit D. List the 

date paid, payee, purpose, and amount. Include all cash payments, debit card 

transactions, checks issued even if they have not cleared the bank, outstanding 

checks issued before the bankruptcy was filed that were allowed to clear this month, 

and payments made by other parties on your behalf. Do not attach bank statements 

in lieu of Exhibit D. 

Report the total from Exhibit D here. 

- $ __________

22. Net cash flow 

Subtract line 21 from line 20 and report the result here. 

This amount may be different from what you may have calculated as net profit. 

+ $ __________

23. Cash on hand at the end of the month 

Add line 22 + line 19. Report the result here. 

Report this figure as the cash on hand at the beginning of the month on your next operating report. 

This amount may not match your bank account balance because you may have outstanding checks that 

have not cleared the bank or deposits in transit.

= $ __________

3. Unpaid Bills

Attach a list of all debts (including taxes) which you have incurred since the date you filed bankruptcy but 

have not paid. Label it Exhibit E. Include the date the debt was incurred, who is owed the money, the 

purpose of the debt, and when the debt is due. Report the total from Exhibit E here.

24. Total payables $ ____________

(Exhibit E) 

Little Rock Urban Air, LLC 24-40610-11 ✔

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84,228.52 165,106.25 193,680.77 -28,574.52 55,654.00 0.00

Case 24-40610-mxm11 Doc 60 Filed 06/05/24 Entered 06/05/24 21:23:44 Desc Main

Document Page 2 of 9
Debtor Name _______________________________________________________ Case number_____________________________________ 

Official Form 425C Monthly Operating Report for Small Business Under Chapter 11 page 3

4. Money Owed to You

Attach a list of all amounts owed to you by your customers for work you have done or merchandise you 

have sold. Include amounts owed to you both before, and after you filed bankruptcy. Label it Exhibit F. 

Identify who owes you money, how much is owed, and when payment is due. Report the total from 

Exhibit F here. 

25. Total receivables $ ____________

(Exhibit F)

5. Employees

26. What was the number of employees when the case was filed? ____________

27. What is the number of employees as of the date of this monthly report? ____________

6. Professional Fees

28. How much have you paid this month in professional fees related to this bankruptcy case? $ ____________

29. How much have you paid in professional fees related to this bankruptcy case since the case was filed? $ ____________

30. How much have you paid this month in other professional fees? $ ____________ 

31. How much have you paid in total other professional fees since filing the case? $ ____________

7. Projections

Compare your actual cash receipts and disbursements to what you projected in the previous month. 

Projected figures in the first month should match those provided at the initial debtor interview, if any. 

Column A Column B Column C

Projected – Actual = Difference 

Copy lines 35-37 from 

the previous month’s 

report. 

Copy lines 20-22 of 

this report. 

Subtract Column B 

from Column A. 

32. Cash receipts $ ____________ – $ ____________ = $ ____________

33. Cash disbursements $ ____________ – $ ____________ = $ ____________

34. Net cash flow $ ____________ – $ ____________ = $ ____________

35. Total projected cash receipts for the next month: $ ____________

36. Total projected cash disbursements for the next month: - $ ____________

37. Total projected net cash flow for the next month: = $ ____________

Little Rock Urban Air, LLC 24-40610-11 0.004040 0.00 0.00 0.00 0.00 100,000.00 165,106.25 65,106.25 140,000.00 193,680.77 53,680.77 -40,000.00 -28,574.52 11,425.48 140,000.00 125,000.00 15,000.00

Case 24-40610-mxm11 Doc 60 Filed 06/05/24 Entered 06/05/24 21:23:44 Desc Main

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Debtor Name _______________________________________________________ Case number_____________________________________ 

Official Form 425C Monthly Operating Report for Small Business Under Chapter 11 page 4

8. Additional Information

If available, check the box to the left and attach copies of the following documents.

 38. Bank statements for each open account (redact all but the last 4 digits of account numbers). 

 39. Bank reconciliation reports for each account. 

 40. Financial reports such as an income statement (profit & loss) and/or balance sheet. 

 41. Budget, projection, or forecast reports. 

 42. Project, job costing, or work-in-progress reports. 

Little Rock Urban Air, LLC 24-40610-11 ✔

Case 24-40610-mxm11 Doc 60 Filed 06/05/24 Entered 06/05/24 21:23:44 Desc Main

Document Page 4 of 9
Date Account NumberAccount NameAccount Type Description Credit

4/1/2024 134054239 OpLR Checking Mercant SVC Deposits $13,689.91

4/1/2024 1048430 DepLR Checking UA PARTY UATP Mgmt Member 1070 $150.00

4/2/2024 134054239 OpLR Checking Deposit $85.50

4/2/2024 134054239 OpLR Checking Deposit $3,244.76

4/2/2024 134054239 OpLR Checking Deposit $1,256.99

4/2/2024 134054239 OpLR Checking Mobile Remote Deposit $2,327.37

4/2/2024 134054239 OpLR Checking Mobile Remote Deposit $425.46

4/3/2024 1048430 DepLR Checking ECOMMERCE UATP Mgmt Member 1070 $704.27

4/3/2024 134054239 OpLR Checking Mercant SVC Deposits $315.36

4/3/2024 1048430 DepLR Checking UA PARTY UATP Mgmt Member 1070 $550.00

4/4/2024 1048430 DepLR Checking MEMBERSHIP UATP Mgmt Member 1070 $2,710.24

4/4/2024 134054239 OpLR Checking Mercant SVC Deposits $1,223.80

4/4/2024 1048430 DepLR Checking UA PARTY UATP Mgmt Member 1070 $50.00

4/5/2024 134054239 OpLR Checking Deposit $10.86

4/5/2024 134054239 OpLR Checking Deposit $41.35

4/5/2024 134054239 OpLR Checking Deposit $117.64

4/5/2024 1048430 DepLR Checking ECOMMERCE UATP Mgmt Member 1070 $353.29

4/5/2024 134054239 OpLR Checking Mercant SVC Deposits $247.89

4/5/2024 1048430 DepLR Checking UA PARTY UATP Mgmt Member 1070 $3,278.08

4/8/2024 134054239 OpLR Checking Mercant SVC Deposits $11,218.54

4/8/2024 1048430 DepLR Checking UA PARTY UATP Mgmt Member 1070 $400.00

4/9/2024 134054239 OpLR Checking Deposit $294.56

4/9/2024 134054239 OpLR Checking Deposit $358.47

4/9/2024 134054239 OpLR Checking Deposit $3,506.63

4/9/2024 134054239 OpLR Checking Deposit $1,057.91

4/9/2024 134054239 OpLR Checking Mobile Remote Deposit $27.74

4/9/2024 134054239 OpLR Checking Mercant SVC Deposits $2,833.96

4/10/2024 1048430 DepLR Checking ECOMMERCE UATP Mgmt Member 1070 $281.13

4/10/2024 134054239 OpLR Checking Mercant SVC Deposits $898.24

4/10/2024 1048430 DepLR Checking UA PARTY UATP Mgmt Member 1070 $350.00

4/11/2024 1048430 DepLR Checking MEMBERSHIP UATP Mgmt Member 1070 $3,186.97

4/11/2024 134054239 OpLR Checking Mercant SVC Deposits $258.84

4/11/2024 1048430 DepLR Checking UA PARTY UATP Mgmt Member 1070 $330.41

4/12/2024 134054239 OpLR Checking Deposit $113.26

4/12/2024 134054239 OpLR Checking Deposit $1,034.00

4/12/2024 134054239 OpLR Checking Deposit $3.20

4/12/2024 134054239 OpLR Checking Deposit $80.00

4/12/2024 134054239 OpLR Checking Mercant SVC Deposits $119.77

4/12/2024 1048430 DepLR Checking UAECOMM UATP Mgmt Member 1070 $558.34

4/12/2024 1048430 DepLR Checking UAPARTYCC UATP Mgmt Member 1070 $5,872.99

4/15/2024 134054239 OpLR Checking Deposit $1,825.98

4/15/2024 134054239 OpLR Checking Deposit $2,863.10

4/15/2024 134054239 OpLR Checking Mercant SVC Deposits $10,937.09

4/15/2024 1048430 DepLR Checking UAPARTYCC UATP Mgmt Member 1070 $250.00

4/16/2024 134054239 OpLR Checking Mobile Remote Deposit $380.73

4/16/2024 134054239 OpLR Checking Mercant SVC Deposits $3,423.97

4/17/2024 134054239 OpLR Checking Mercant SVC Deposits $328.02

4/17/2024 1048430 DepLR Checking UACCREV UATP Mgmt Member 1070 $300.00

EXHIBIT C - COLLECTIONS (4/1/2024 - 4/30/2024)

Case 24-40610-mxm11 Doc 60 Filed 06/05/24 Entered 06/05/24 21:23:44 Desc Main

Document Page 5 of 9
4/17/2024 1048430 DepLR Checking UAECOMM UATP Mgmt Member 1070 $772.32

4/18/2024 134054239 OpLR Checking Mercant SVC Deposits $277.68

4/18/2024 1048430 DepLR Checking UAMMBRSHIP UATP Mgmt Member 1070 $3,807.99

4/18/2024 1048430 DepLR Checking UAPARTYCC UATP Mgmt Member 1070 $50.00

4/19/2024 134054239 OpLR Checking Deposit $171.84

4/19/2024 134054239 OpLR Checking Receivable Amuze Products I 025HOKPMUMVDH1O $49.15

4/19/2024 134054239 OpLR Checking Mercant SVC Deposits $311.70

4/19/2024 1048430 DepLR Checking UAECOMM UATP Mgmt Member 1070 $2,071.58

4/19/2024 1048430 DepLR Checking UAPARTYCC UATP Mgmt Member 1070 $7,713.41

4/22/2024 134054239 OpLR Checking MercuryACH VLNA RSI LLC MRCR-BEBKM9ZVDO $356.37

4/22/2024 134054239 OpLR Checking Mercant SVC Deposits $12,563.89

4/22/2024 1048430 DepLR Checking UAPARTYCC UATP Mgmt Member 1070 $350.00

4/23/2024 134054239 OpLR Checking Deposit $2,931.21

4/23/2024 134054239 OpLR Checking Deposit $81.60

4/23/2024 134054239 OpLR Checking Deposit $188.19

4/23/2024 134054239 OpLR Checking Deposit $398.39

4/23/2024 134054239 OpLR Checking Deposit $630.04

4/23/2024 134054239 OpLR Checking Deposit $1,869.04

4/23/2024 134054239 OpLR Checking Deposit $6.61

4/23/2024 134054239 OpLR Checking Deposit $200.16

4/23/2024 134054239 OpLR Checking Mercant SVC Deposits $3,268.22

4/23/2024 134054239 OpLR Checking Mercant SVC Deposits $153.22

4/24/2024 134054239 OpLR Checking Mercant SVC Deposits $298.27

4/24/2024 1048430 DepLR Checking UAECOMM UATP Mgmt Member 1070 $638.23

4/24/2024 1048430 DepLR Checking UAPARTYCC UATP Mgmt Member 1070 $450.00

4/25/2024 134054239 OpLR Checking Mercant SVC Deposits $133.96

4/25/2024 1048430 DepLR Checking UACCREV UATP Mgmt Member 1070 $300.00

4/25/2024 1048430 DepLR Checking UAMMBRSHP UATP Mgmt Member 1070 $4,064.56

4/26/2024 134054239 OpLR Checking Deposit $37.45

4/26/2024 134054239 OpLR Checking Deposit $96.05

4/26/2024 134054239 OpLR Checking Deposit $56.24

4/26/2024 134054239 OpLR Checking Mercant SVC Deposits $115.96

4/26/2024 1048430 DepLR Checking UAECOMM UATP Mgmt Member 1070 $1,422.32

4/26/2024 1048430 DepLR Checking UAPRTYCCRV UATP Mgmt Member 1070 $13,621.25

4/29/2024 134054239 OpLR Checking Deposit $4,648.90

4/29/2024 134054239 OpLR Checking Deposit $594.75

4/29/2024 134054239 OpLR Checking Deposit $1,020.45

4/29/2024 134054239 OpLR Checking Mercant SVC Deposits $11,567.53

4/29/2024 1048430 DepLR Checking UACCREV UATP Mgmt Member 1070 $150.00

4/30/2024 134054239 OpLR Checking Mercant SVC Deposits $3,791.10

$165,106.25

Case 24-40610-mxm11 Doc 60 Filed 06/05/24 Entered 06/05/24 21:23:44 Desc Main

Document Page 6 of 9
Date Account NumberAccount NameAccount Type Payee Description Debit

4/1/2024 1048430 DepLR Checking Entergy Utilities - Electricity $2,689.57

4/2/2024 134054239 OpLR Checking Bowman Station Properties Rent, including triple net expenses $39,351.00

4/2/2024 134054239 OpLR Checking Middleton Heat & Air HVAC Service Fee $864.31

4/2/2024 1048430 DepLR Checking BDA Unleashed Gear Merchandise Inventory $1,541.94

4/2/2024 1048430 DepLR Checking Intuit Quickbooks Subscription $95.94

4/2/2024 135576980 MeLR Checking Merchant SVC Credit Card Processing Fees $2,345.12

4/2/2024 134054239 OpLR Checking Elevology Utilities - Telephone Services $85.05

4/3/2024 134054239 OpLR Checking Alliant Employee Benefits $580.74

4/5/2024 1048430 DepLR Checking Comcast Utilities - Cable/Internet $559.40

4/5/2024 134054239 OpLR Checking Simmons Bank Account Analysis Charge $322.91

4/5/2024 134054239 OpLR Checking Arkansas Department of Revenue Sales and Business Taxes $2,623.11

4/5/2024 134054239 OpLR Checking Intrepid Security Monitoring $334.16

4/8/2024 134054239 OpLR Checking Bus Products Deposit Slips $99.92

4/9/2024 1048430 DepLR Checking Summit SUA Utilities - Gas $361.90

4/9/2024 135577146 PayLR Checking Paycor Payroll - Employee Wages $18,575.98

4/9/2024 134054239 OpLR Checking The Icee Company Food and Beverage Inventory $1,760.52

4/9/2024 135577146 PayLR Checking Paycor Payroll Processing Fees $415.75

4/9/2024 135577146 PayLR Checking Paycor Payroll Processing Fees $379.39

4/9/2024 135577146 PayLR Checking Paycor Payroll Employee taxes $4,527.43

4/12/2024 134054239 OpLR Checking Toby Commuity First Alliance Refund $316.00

4/12/2024 134054239 OpLR Checking Vida Law Firm Trustee Fees - March/April $2,000.00

4/15/2024 134054239 OpLR Checking BDA Unleashed Gear Merchandise Inventory $1,834.88

4/15/2024 1048430 DepLR Checking UATP Management Royalties and Franchise Fees $28,455.69

4/15/2024 134054239 OpLR Checking US Foods Food and Beverage Inventory $6,263.26

4/17/2024 134054239 OpLR Checking BDA Unleashed Gear Merchandise Inventory $1,555.50

4/18/2024 134054239 OpLR Checking BDA Unleashed Gear Merchandise Inventory $1,192.05

4/19/2024 1048430 DepLR Checking The Hartford Property Insurance $760.11

4/22/2024 134054239 OpLR Checking BDA Unleashed Gear Merchandise Inventory $1,619.98

4/22/2024 134054239 OpLR Checking Central Arkansas Water Utilities - Water/Sewer $177.17

4/22/2024 135577146 PayLR Checking Paycor Payroll - Employee Wages $13,050.79

4/22/2024 134054239 OpLR Checking First Insurance GL and Excess GL Insurance $10,354.42

4/22/2024 135577146 PayLR Checking Paycor Payroll Processing Fees $367.39

4/22/2024 135577146 PayLR Checking Paycor Payroll Employee taxes $3,114.32

4/23/2024 1048430 DepLR Checking ATT Employee Cell Phones $732.79

4/24/2024 134054239 OpLR Checking Arkansas Department of Revenue Sales and Business Taxes $19,533.00

4/24/2024 134054239 OpLR Checking Optim8 Svc fee for employee timekeeping system $250.00

4/25/2024 134054239 OpLR Checking Appetize Service Fee for POS System $185.90

4/25/2024 134054239 OpLR Checking Raydius Local Marketing Svc $1,101.00

4/29/2024 134054239 OpLR Checking The Icee Company Food and Beverage Inventory $595.33

4/30/2024 135576980 MeLR Checking Simmons Bank Balance Fee in Service Charge $25.00

4/30/2024 135577146 PayLR Checking Simmons Bank Balance Fee in Service Charge $25.00

4/30/2024 1048430 DepLR Checking Entergy Utilities - Electricity $2,607.05

4/30/2024 135576980 MeLR Checking Simmons Bank Service Charge $25.00

4/30/2024 135577146 PayLR Checking Simmons Bank Service Charge $25.00

4/11/2024 134054239 OpLR Checking Simmons Bank SBA Loan Payment $20,000.00

$193,680.77

EXHIBIT D - DISBURSEMENTS (4/1/2024 - 4/30/2024)

Case 24-40610-mxm11 Doc 60 Filed 06/05/24 Entered 06/05/24 21:23:44 Desc Main

Document Page 7 of 9
Urban Air Adventure Park - Little Rock, AR

Profit and Loss

April 2024

 Monday, May 20, 2024 07:12 PM GMT-04:00 1/2

TOTAL

Income

10000 Cash/Check Deposits 28,825.13

10100 Membership 5,897.21

10200 Party 47,501.48

10300 Ecommerce 1,338.69

10400 In Park Rev (CC Transactions) 77,848.70

10500 Rebate/Rev Share 3,566.82

10700 Refunds -316.00

Total Income $164,662.03

Cost of Goods Sold

50000 Food & Beverage COGS 9,827.14

50200 Merchandise COGS 7,413.47

50600 Credit Card Fees 2,345.12

Total Cost of Goods Sold $19,585.73

GROSS PROFIT $145,076.30

Expenses

51000 Payroll expenses

51100 General/Hourly Staff Wages 31,473.55

52000 Payroll Taxes 7,641.75

Total 51000 Payroll expenses 39,115.30

53000 Advertising & marketing

53200 Other Advertising - Local Park Marketing 1,101.00

Total 53000 Advertising & marketing 1,101.00

54000 Occupancy

54100 Rent including Triple Net Expenses 39,351.00

54150 Security Monitoring 334.16

54200 Repairs & Maintenance - Building 864.31

54200 Utilities - Electricity & Gas 5,658.52

54300 Utilities - Water & Sewer 177.17

54400 Utilities - Satellite and Cable Television 559.40

54500 Utilities - Telephone & Internet 85.05

Total 54000 Occupancy 47,029.61

55000 Insurance

55100 General Liability Insurance 10,354.42

55200 Property insurance 760.11

Total 55000 Insurance 11,114.53

56000 Miscellaneous Expense

52100 Payroll Processing Expenses 1,162.53

56200 Royalties 28,455.69

56600 Dues and Subscription Fees 250.00

Case 24-40610-mxm11 Doc 60 Filed 06/05/24 Entered 06/05/24 21:23:44 Desc Main

Document Page 8 of 9
Urban Air Adventure Park - Little Rock, AR

Profit and Loss

April 2024

 Monday, May 20, 2024 07:12 PM GMT-04:00 2/2

TOTAL

56800 Bank Fees (Non-Credit Card) 422.91

Total 56000 Miscellaneous Expense 30,291.13

Total Expenses $128,651.57

NET OPERATING INCOME $16,424.73

Other Expenses

70000 Interest Expense 5,340.41

70700 Sales Tax Paid 22,156.11

76000 Accounting Fees 95.94

78000 Legal Fees 2,000.00

79000 Cellular/Other Communications Expense 732.79

79100 Non-Park Office Supplies 99.92

Total Other Expenses $30,425.17

NET OTHER INCOME $ -30,425.17

NET INCOME $ -14,000.44

Case 24-40610-mxm11 Doc 60 Filed 06/05/24 Entered 06/05/24 21:23:44 Desc Main

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