FINAL ORDER AUTHORIZING USE OF CASH COLLATERAL Page 1 of 10

IN THE UNITED STATES BANKRUPTCY COURT 

FOR THE NORTHERN DISTRICT OF TEXAS 

FORT WORTH DIVISION 

In re: 

GRAND FUSION HOUSEWARES, LLC, 

Debtor. 

§ 

§ 

§ 

§ 

§ 

Chapter 11 

Case No. 24-41694 

FINAL ORDER AUTHORIZING USE OF CASH COLLATERAL PURSUANT 

TO 11 U.S.C. § 363 AND PROVIDING PARTIAL ADEQUATE PROTECTION 

AND GRANTING LIENS AND SECURITY INTERESTS 

 THIS MATTER came before the Court upon the Emergency Motion for Entry of Interim 

and Final Orders (I) Authorizing Debtor to Use Cash Collateral Pursuant to 11 U.S.C. § 363; (II) 

Granting Adequate Protection for the Use Thereof; (III) Scheduling a Final Hearing; and (IV) 

Granting Related Relief (the “Motion”)1

 filed on May 16, 2024 by Grand Fusion Housewares, 

LLC as the above-captioned debtor and debtor-in-possession (the “Debtor”), to approve the use of 

cash collateral on a final basis. Based upon (i) any stipulations and agreement upon terms for the 

Debtor’s use of Cash Collateral, as may be set forth herein below, (ii) the Motion, (iii) the evidence 

1

 Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the Motion. 

The following constitutes the ruling of the court and has the force and effect therein described.

Signed June 14, 2024

_____________________________________________________________________

____________________________

United States Bankruptcy Judge

Case 24-41694-mxm11 Doc 55 Filed 06/14/24 Entered 06/14/24 07:39:24 Desc Main

Document Page 1 of 11
FINAL ORDER AUTHORIZING USE OF CASH COLLATERAL Page 2

admitted into the record at the hearing, and (iv) the representations of the Debtor, the Court hereby 

FINDS and CONCLUDES as follows: 

A. This Court has jurisdiction over this proceeding, the parties, and the property of the 

Debtor’s estate pursuant to 28 U.S.C. §§ 157(b) and 1334. This is a core proceeding pursuant to 

28 U.S.C. § 157(b)(2). Venue is proper in this district pursuant to 28 U.S.C. §§ 1408 and 1409. 

B. Under the circumstances, the Debtor has provided sufficient and adequate notice of 

the Motion and the hearing on the Motion to all creditors and other parties in interest entitled to 

such notice pursuant to Federal Rules of Bankruptcy Procedure (“Bankruptcy Rules”) 2002, 

4001(b), 9006, and as required by Sections 102, 361, 362, and 363 of Title 11 of the United States 

Code (the “Bankruptcy Code”). Other than the notice provided for by this Order, no further notice 

of the Motion or hearing is necessary or required. 

C. On May 16, 2024 (the “Petition Date”), the Debtor filed a voluntary petition for 

relief under Chapter 11 of the Bankruptcy Code. 

D. The Debtor asserts that an immediate and critical need exists for the Debtor to use 

cash in order to continue the operation of its business. Without such funds, the Debtor asserts that 

it will not be able to pay post-petition operating expenses and obtain goods and services needed to 

carry on its businesses in a manner that will avoid irreparable harm to its estate. At this time, the 

Debtor asserts that its ability to use cash is necessary to preserve and maintain the going concern 

value of its estate. 

E. The Senior Prepetition Secured Parties assert they are secured in substantially all 

Debtor’s accounts, equipment, inventory, and certain other assets as more particularly delineated 

in the Motion (collectively, the “Prepetition Collateral”) and the proceeds thereof (the “Cash 

Collateral”). The Prepetition Collateral and the Cash Collateral are collectively referred to as the 

Case 24-41694-mxm11 Doc 55 Filed 06/14/24 Entered 06/14/24 07:39:24 Desc Main

Document Page 2 of 11
FINAL ORDER AUTHORIZING USE OF CASH COLLATERAL Page 3

“Collateral.” The Junior Lienholders may have a security interest and lien on certain of the 

Debtor’s Prepetition Collateral that is subordinate and junior to the liens and security interests of 

the Senior Prepetition Secured Parties. 

F. The Debtor seeks authorization to use the Cash Collateral to pay its ordinary and 

necessary operating expenses pursuant to the terms of this Order. 

G. Good cause has been shown for the entry of this Order. The Debtor requires the 

use of Cash Collateral to operate its business. Without the use of Cash Collateral, the Debtor will 

not be able to meet its cash requirement for working capital needs or to fund the administration of 

this Chapter 11 case. The adequate protection provided herein and other benefits and privileges 

contained herein are consistent with and authorized by the Bankruptcy Code and are expected to 

provide adequate protection for the Prepetition Secured Parties’ interests in the Collateral. 

H. The Court concludes that entry of this Order is in the best interest of the Debtor, its 

estate, and the estate’s creditors, as its implementation will, inter alia, allow for the continued 

operation and preservation of the going concern value of the Debtor’s business. 

ORDER 

 Based upon the above findings and conclusions, the Court, having reviewed the Motion, 

considered the evidence presented and representations of the Debtor, and otherwise being fully 

advised, hereby ORDERS as follows: 

1. Final Order. This Order shall be considered a final cash collateral order and shall 

be binding upon all parties and upon all subsequently appointed court officers, including any 

trustee appointed under Chapter 11 or Subchapter V of Chapter 11 of the Bankruptcy Code. 

2. Good Cause. Good cause has been shown for the entry of this Order. The entry 

of this Order is in the best interests of the Debtor, its creditors, and its estate. The terms and 

Case 24-41694-mxm11 Doc 55 Filed 06/14/24 Entered 06/14/24 07:39:24 Desc Main

Document Page 3 of 11
FINAL ORDER AUTHORIZING USE OF CASH COLLATERAL Page 4

conditions of the use of Cash Collateral and the security interests, liens, rights, and priorities 

granted to the Prepetition Secured Parties hereunder are fair and appropriate under the 

circumstances. 

3. Budget. Attached hereto as Exhibit 1 is a rolling 13-week cash flow budget (the 

“Budget”) that reflects on a line-item basis the Debtor’s (i) weekly projected cash receipts and (ii) 

weekly projected disbursements. 

4. Terms of Cash Collateral Use. The Debtor is hereby authorized to use the Cash 

Collateral strictly in accordance with the terms of the Budget and this Order. The Debtor shall not 

incur expenses for any line item in the Budget by more than 15% without the prior written approval 

of the Senior Prepetition Secured Parties or order of the Court. Additionally, the Debtor shall not 

exceed the aggregate of all the line items in the Budget by more than 15% without approval of the 

Senior Prepetition Secured Parties or order of the Court. The Debtor shall not use Cash Collateral 

to pursue any claims or causes of action against the Senior Prepetition Secured Parties or to 

challenge, contest, or defend against the claims and liens of the Senior Prepetition Secured Parties. 

After the expiration of the period provided in Budget, use of Cash Collateral shall continue under 

this Order if the Debtor submits additional monthly budgets to the Senior Prepetition Secured 

Parties for their approval (the “Subsequent Budgets”). The Subsequent Budgets shall detail the 

Debtor’s proposed continued use of Cash Collateral to pay its ordinary operating expenses. The 

Subsequent Budgets, if approved by the Senior Prepetition Secured Parties, shall be incorporated 

herein, and subject to the terms of this Order. 

5. The Debtor is hereby authorized to enter into all agreements pursuant to the terms 

of this Order necessary to allow the Debtor to use Cash Collateral subject to the terms of this Order 

Case 24-41694-mxm11 Doc 55 Filed 06/14/24 Entered 06/14/24 07:39:24 Desc Main

Document Page 4 of 11
FINAL ORDER AUTHORIZING USE OF CASH COLLATERAL Page 5

in the amounts and for the expenses set forth on the Budget and the Subsequent Budgets. The 

Debtor is authorized to collect and receive all accounts receivable and other operating revenues. 

6. Form of Adequate Protection Approved. The form and manner of adequate 

protection requested in the Motion is hereby approved and sufficient to protect the Prepetition 

Secured Parties’ interests in the Cash Collateral. 

7. Adequate Protection Payments. As adequate protection for the Senior Prepetition 

Secured Parties’ interest in the Debtor’s Cash Collateral, each of the Senior Prepetition Secured 

Parties—Midwest, Celtic, and the SBA—will be paid the regular monthly principal and interest 

due on their respective loans. As of the entry of this Order, the regular monthly principal and 

interest payments are as follows: Midwest Regional - $4,351.54; Celtic - $1,957.00; and SBA - 

$1,649.00. 

8. Adequate Protection – Replacement Liens. Subject and subordinate to the 

Carve-Out (defined below), as partial adequate protection for the Debtor’s use of Cash Collateral, 

the Senior Prepetition Secured Parties are hereby granted, effective as of the Petition Date, valid, 

binding, enforceable, and automatically perfected post-petition liens (the “Senior Adequate 

Protection Liens”) pursuant to 11 U.S.C. § 361(2) in the Debtor’s accounts, accounts receivable, 

inventory, cash and cash equivalents, and other assets generated by or received by the Debtor from 

the Prepetition Collateral subsequent to the Petition Date to the same extent and same order and 

priority existing as of the Petition Date, but only to the extent that the Senior Prepetition Secured 

Parties had a valid, perfected prepetition lien and security interest in such collateral as of the 

Petition Date but in all cases subject and subordinate to the Carve-Out. The Debtor shall execute 

and deliver to the Senior Prepetition Secured Parties, if applicable, all such agreements, financing 

statements, instruments and other documents as the Senior Prepetition Secured Parties may 

Case 24-41694-mxm11 Doc 55 Filed 06/14/24 Entered 06/14/24 07:39:24 Desc Main

Document Page 5 of 11
FINAL ORDER AUTHORIZING USE OF CASH COLLATERAL Page 6

reasonably request to evidence, confirm, validate or perfect the liens granted pursuant hereto. This 

additional adequate protection is provided only to the extent and priority of the Senior Prepetition 

Secured Parties’ valid security interests and valid and perfected liens in the Prepetition Collateral 

and the Debtor reserves all rights to contest same. The priority of any Senior Adequate Protection 

Liens granted to the Senior Prepetition Secured Parties shall be in the same nature, extent, order, 

and priority as existing on the Petition Date. 

9. Subject and subordinate to the Carve-Out (defined below), as partial adequate 

protection for the Debtor’s use of Cash Collateral, the Junior Lienholders are hereby granted, to 

the extent of any diminution in value of their interests in the Prepetition Collateral, effective as of 

the Petition Date, valid, binding, enforceable, and automatically perfected post-petition liens (the 

“Junior Lienholders Adequate Protection Liens,” and collectively with the Senior Adequate 

Protection Liens, the “Adequate Protection Liens”) pursuant to 11 U.S.C. § 361(2) in the Debtor’s 

accounts, accounts receivable, inventory, and other assets generated by or received by the Debtor 

from the Prepetition Collateral subsequent to the Petition Date to the same extent and same order 

and priority existing as of the Petition Date, but only to the extent that the Junior Lienholders had 

a valid, perfected prepetition lien and security interest in such Prepetition Collateral as of the 

Petition Date and only to the extent that the diminution in value was not caused, in whole or in 

part, by the Junior Lienholders, but in all cases subject and subordinate to the Carve-Out. This 

additional adequate protection is being given to the extent of any decrease in value of the Junior 

Lienholders’ interests in the Prepetition Collateral and Cash Collateral as a result of the Debtors’ 

post-petition use. The Debtor shall execute and deliver to the Junior Lienholders, if applicable, all 

such agreements, financing statements, instruments and other documents as the Junior Lienholders 

may reasonably request to evidence, confirm, validate or perfect the liens granted pursuant hereto. 

Case 24-41694-mxm11 Doc 55 Filed 06/14/24 Entered 06/14/24 07:39:24 Desc Main

Document Page 6 of 11
FINAL ORDER AUTHORIZING USE OF CASH COLLATERAL Page 7

This additional adequate protection is provided only to the extent and priority of the Junior 

Lienholders’ valid security interests and valid and perfected liens in the Prepetition Collateral and 

the Debtor reserves all rights to contest same. The priority of any Junior Lienholders Adequate 

Protection Liens granted to the Junior Lienholders shall be in the same nature, extent, order, and 

priority as existing on the Petition Date between and among each of the Junior Lienholders and 

the Senior Prepetition Secured Parties. 

10. To the extent that 11 U.S.C. § 362, or any applicable non-bankruptcy law otherwise 

would restrict the granting, scope, enforceability, attachment, or perfection of the lien and security 

interest authorized or created in this Order, or otherwise would impose filing or registration 

requirements with respect to such replacement liens, such law is hereby preempted to the 

maximum extent permitted by the Bankruptcy Code, other applicable federal law, and the judicial 

power of the United States Bankruptcy Court. The liens and interests granted to the Prepetition 

Secured Parties by and through this Order do not require filing, recording, or perfecting and shall 

be binding and fully enforceable by the entry of this Order; however, the Debtor shall execute any 

additional instruments required by the Prepetition Secured Parties to evidence the post-petition 

liens and security interests granted herein. 

11. Nothing contained in this Order should be construed as granting any liens on 

Chapter 5 causes of action or on any other property in which the Prepetition Secured Parties do 

not already have valid and existing pre-petition liens. 

12. Nothing contained in this Order shall be deemed to be a consent by the Prepetition 

Secured Parties to any charge, lien, assessment, or claim against their collateral under 11 U.S.C. § 

506(c), or otherwise, and shall be without prejudice to any and all of the Prepetition Secured 

Parties’ respective rights under the Bankruptcy Code and other applicable law. 

Case 24-41694-mxm11 Doc 55 Filed 06/14/24 Entered 06/14/24 07:39:24 Desc Main

Document Page 7 of 11
FINAL ORDER AUTHORIZING USE OF CASH COLLATERAL Page 8

13. Carve Out. The use of Cash Collateral and the Adequate Protection Liens shall be 

subordinate and subject to (a) any and all post-petition fees and expenses of the Clerk of the Court 

and statutory fees and compensation payable to the Subchapter V Trustee; and (b) all post-petition 

fees and expenses of Debtor’s counsel and all other estate professionals employed by order of the 

Court (collectively, the “Carve Out”). The Debtor shall first use unencumbered cash, if any, to 

fund the Carve Out. The Senior Prepetition Secured Parties reserve the right to object to any fees 

or expenses of any estate professional. 

14. Termination and Defaults Under the Order. Unless specifically waived in 

writing by the Senior Prepetition Secured Parties (which waiver shall not be implied from any 

unwritten action, inaction, course of conduct or acquiescence by the Senior Prepetition Secured 

Parties), the Debtor’s right and authority to use Cash Collateral shall immediately terminate upon 

the occurrence of any of the following (each, an “Event of Default”), provided, however, that for 

any alleged Event of Default other than a conversion of the case under subsection a., the party 

asserting the Event of Default shall provide the Debtor with advance written notice and a sevenday period in which the Debtor may cure the alleged Event of Default before any Event of Default 

occurs: 

a. Conversion of the Chapter 11 case to a case under Chapter 7 of the Bankruptcy 

Code; 

b. The lifting of the automatic stay for any other party other than the Prepetition 

Secured Parties authorizing such party to proceed directly against the Cash 

Collateral, or entry of a final order by the bankruptcy court authorizing any 

party (including any Senior Prepetition Secured Party) to foreclose or otherwise 

Case 24-41694-mxm11 Doc 55 Filed 06/14/24 Entered 06/14/24 07:39:24 Desc Main

Document Page 8 of 11
FINAL ORDER AUTHORIZING USE OF CASH COLLATERAL Page 9

enforce any lien or other right such other party may have in and to the Property 

and/or any part of the Collateral; or 

c. Default by the Debtor under any term of this Order. 

15. Expiration of Right to Use Cash Collateral. Unless otherwise agreed to in 

writing by the Senior Prepetition Secured Parties, the Debtor’s right to use Cash Collateral shall 

expire on the earlier of: (a) an uncured Event of Default (as defined herein); and (b) the Court 

entering a subsequent order terminating the Debtor’s right to use Cash Collateral. 

16. Reservations of Rights. Subject to and notwithstanding anything to the contrary 

in this Order, the entry of this Order is without prejudice to any and all rights, remedies and claims 

that the Prepetition Secured Parties and the Debtor may have against each other or third parties, 

and does not bar or limit the Prepetition Secured Parties or the Debtor from seeking further or 

additional relief including, inter alia, seeking additional adequate protection and seeking to 

terminate or modify the automatic stay. 

17. Binding Effect of Order. Subject to all reservations of rights in this Order, the 

provisions of this Order shall inure to the benefit of the Debtor and the Prepetition Secured Parties, 

and shall be binding upon the Debtor, the Prepetition Secured Parties, and their respective 

successors and assigns, including any trustee, agent, administrator or other fiduciary hereafter 

appointed as legal representative of the Debtor, or with respect to property of the Debtor’s estate, 

whether under Chapter 11 of the Bankruptcy Code or any subsequent Chapter 7 case, and shall 

also be binding upon all creditors of the Debtor and all other parties in interest, except as expressly 

set forth herein. 

18. Subsequent Modification of Order. If any or all of the provisions of this Order 

are hereafter modified, vacated or stayed, such modification, vacation or stay shall not affect the 

Case 24-41694-mxm11 Doc 55 Filed 06/14/24 Entered 06/14/24 07:39:24 Desc Main

Document Page 9 of 11
FINAL ORDER AUTHORIZING USE OF CASH COLLATERAL Page 10

validity of any obligation, indebtedness or liability incurred by the Debtor to the Prepetition 

Secured Parties from the Petition Date through the effective date of such modification, vacation or 

stay, or the validity or enforceability of any security interest, lien or priority authorized or created 

by this Order. 

19. Effective Date and Termination Date. This Order shall be effective as of the 

Petition Date, upon entry by the Court, and may be relied upon by the Prepetition Secured Parties 

and the Debtor without the necessity of entry into the docket sheet of this case. To the extent any 

findings of fact may constitute conclusions of law, and vice versa, they are hereby deemed as such. 

20. Immediate Effect. Notwithstanding any Bankruptcy Rule to the contrary, this 

Order is effective immediately upon its entry. 

### END OF ORDER ### 

Order submitted by: 

Bryan C. Assink 

Texas State Bar No. 24089009 

BONDS ELLIS EPPICH SCHAFER JONES LLP 

420 Throckmorton Street, Suite 1000 

Fort Worth, Texas 76102 

(817) 405-6900 telephone 

(817) 405-6902 facsimile 

Email: bryan.assink@bondsellis.com 

PROPOSED COUNSEL FOR 

DEBTOR AND DEBTOR-IN-POSSESSION

Case 24-41694-mxm11 Doc 55 Filed 06/14/24 Entered 06/14/24 07:39:24 Desc Main

Document Page 10 of 11
Grand Fusion Housewares LLC

13 week cashflow forecast (estimated)as of 6/10/2024

Week >> 1 2 3 4 5 6 7 8 9 10 11 12 13

Week ending 6/17/2024 6/24/2024 7/1/2024 7/8/2024 7/15/2024 7/22/2024 7/29/2024 8/5/2024 8/12/2024 8/19/2024 8/26/2024 9/2/2024 9/9/2024 Total

Bank Balance - opening (see Bank detail tab's) 81,096.66 $ 98,543.38 $ 98,387.67 $ 126,116.11 $ 117,963.71 $ 135,463.71 $ 135,463.71 $ 152,463.71 $ 124,637.20 $ 131,136.95 $ 125,136.95 $ 140,136.95 $ 128,183.04 $ 

Net Movement 17,446.72 $ (155.71) $ 27,728.44 $ (8,152.40) $ 17,500.00 $ - $ 17,000.00 $ (27,826.51) $ 6,499.75 $ (6,000.00) $ 15,000.00 $ (11,953.91) $ (6,000.25) $ Bank Balance - closing 98,543.38 $ 98,387.67 $ 126,116.11 $ 117,963.71 $ 135,463.71 $ 135,463.71 $ 152,463.71 $ 124,637.20 $ 131,136.95 $ 125,136.95 $ 140,136.95 $ 128,183.04 $ 122,182.79 $ Accounts Receivable 45,000.00 $ - $ 75,239.47 $ - $ 17,500.00 $ - $ 17,500.00 $ 36,950.27 $ 17,500.00 $ - $ 15,000.00 $ 36,950.27 $ 15,000.00 $ 324,507.00 $ 

Collections - $ - $ - $ - $ - $ - $ - $ - $ - $ 8,832.61 $ 

Collections ** 11,289.20 $ 11,289.20 $ 

Cash sales / Closeout sales - still to invoice - $ 

Equipment sales - $ 

Sublease rent 36,950.27 $ 36,950.27 $ 36,950.27 $ 146,713.39 $ 

Other sales 3,171.80 $ Amazon.com sales ** 45,000.00 $ 27,000.00 $ 17,500.00 $ 17,500.00 $ 17,500.00 $ 15,000.00 $ 15,000.00 $ 154,500.00 $ **Estimated amount as Amazon funds are currently on hold due to lien allegations. Debtor anticipates funds being released shortly

Expenses 23,202.03 $ 155.71 $ 44,519.11 $ 2,152.15 $ - $ - $ 500.00 $ 61,671.26 $ 5,000.00 $ 6,000.00 $ - $ 46,947.26 $ 15,000.00 $ 259,412.72 $ 

Rent 36,950.27 $ 36,950.27 $ 36,950.27 $ 146,713.39 $ Sublease deposit - $ 

Amazon Ecommops 500.00 $ 1,500.00 $ 

Bank charges 108.00 $ Warehouse 1,035.00 $ 1,035.00 $ 1,035.00 $ 3,105.00 $ IT services 276.00 $ 276.00 $ Life Insurance 151.47 $ Insurance 2,337.63 $ 1,200.00 $ 1,200.00 $ 1,200.00 $ 7,137.63 $ ADP Fees - $ 

Legal fees - $ 

Forklft settlement - $ 

UK Tax - sales tax Amazon UK 50.00 $ 50.00 $ 

Guidant (401k) 149.00 $ 149.00 $ 149.00 $ 596.00 $ Bryan - Amazon consultant - Base 2,500.00 $ 2,500.00 $ 2,500.00 $ 8,086.46 $ Bryan - Amazon consultant - Commision - estimate 1,500.00 $ 1,500.00 $ 1,500.00 $ 5,951.61 $ 

Summit Hosting 384.84 $ 384.84 $ 384.84 $ 1,539.36 $ 

Renco - Inventory for amazon 12,574.80 $ Cixi Yufe - inventory 1,814.40 $ 15,000.00 $ 10,000.00 $ 26,814.40 $ US Customs / Duty for inbound shipments 17,000.00 $ 6,000.00 $ 23,000.00 $ Inbound freight 5,000.00 $ 5,000.00 $ 10,000.00 $ Accounting services - H.Blieden 2,000.00 $ 2,000.00 $ 2,000.00 $ 2,000.00 $ 8,000.00 $ Paid via Capital One : - $ 

Quickbooks 796.44 $ 796.44 $ 796.44 $ 3,185.76 $ 

Amazon UK Subscription 20.72 $ 20.72 $ 20.72 $ 20.72 $ 82.88 $ Amazon US Subscription 35.00 $ 35.00 $ 35.00 $ 35.00 $ 140.00 $ Adobe subscription 19.99 $ 19.99 $ 19.99 $ 19.99 $ 79.96 $ Klaviyo (used for Amazon) 80.00 $ 80.00 $ 80.00 $ 80.00 $ 320.00 $ Loans 4,351.25 $ - $ 1,956.92 $ 6,000.25 $ - $ - $ - $ 1,956.92 $ 6,000.25 $ - $ - $ 1,956.92 $ 6,000.25 $ 23,871.51 $ Celtic 1,956.92 $ 1,956.92 $ 1,956.92 $ 7,827.68 $ Midwest 4,351.25 $ 4,351.25 $ 4,351.25 $ 4,351.25 $ 17,405.00 $ SBA 1,649.00 $ 1,649.00 $ 1,649.00 $ 6,596.00 $ Pre Petition Payables - $ - $ 1,035.00 $ - $ - $ - $ - $ 1,148.60 $ - $ - $ 6,472.27 $ Elizabeth Djinga - $ 

Atomic Hosting 1,035.00 $ 1,148.60 $ 3,218.60 $ 

Stanza Warehouse 1,035.00 $ Bryan Alegre - Amazon Consultant - Consulting fee 1,548.39 $ Bryan Alegre - Amazon Consultant - commission 670.28 $ AFG - Loan for Forklift - $ 

Credit cards - $ - $ - $ - $ - $ 

Weekly net Impact 17,446.72 $ (155.71) $ 27,728.44 $ (8,152.40) $ 17,500.00 $ - $ 17,000.00 $ (27,826.51) $ 6,499.75 $ (6,000.00) $ 15,000.00 $ (11,953.91) $ (6,000.25) $ 34,750.50 $ 

34,750.50 $ 

EXHIBIT 1

Case 24-41694-mxm11 Doc 55 Filed 06/14/24 Entered 06/14/24 07:39:24 Desc Main

Document Page 11 of 11