Document:

ex10_5.htm

    
      

    

    
    

    Exhibit
10.5

     

    
      	
              
                In re

              

            	 	
              
                CHARYS
      HOLDING COMPANY, INC

              

            	 	
              
                Case
      No.

              

            	 	
              
                08-10289
      (BLS)

              

            
	 
      	 	
              
                Debtor

              

            	 	
              
                Reporting Period:

              

            	 	
              
                June
      1 through 30

              

            

    

    
      

       

      STATEMENT OF OPERATIONS
(Income Statement) 

      The Statement of Operations is to be
prepared on an accrual basis. The accrual basis of accounting recognizes revenue
when it is realized and expenses when they are incurred, regardless of when cash
is actually received or paid.

    

     

    
      	
              
                REVENUES

              

            	 	
              
                MONTH

              

            	 	 	
              
                CUMULATIVE
      -FILING TO DATE

              

            	 
	
              
                Gross
      Revenues

              

            	 	 	 	 	 	 
	
              
                Less:
      Returns and Allowances

              

            	 	 	 	 	 	 
	
              
                Management
      Fees billable to Subsidiaries

              

            	 	 	1,300,000	 	 	 	13,170,579	 
	
              
                COST
      OF GOODS SOLD

              

            	 	 	 	 	 	 	 	 
	
              
                Beginning
      Inventory

              

            	 	 	 	 	 	 	 	 
	
              
                Add:
      Purchases

              

            	 	 	 	 	 	 	 	 
	
              
                Add:
      Cost of Labor

              

            	 	 	 	 	 	 	 	 
	
              
                Add:
      Other Costs (attach
      schedule)

              

            	 	 	 	 	 	 	 	 
	
              
                Less:
      Ending Inventory

              

            	 	 	 	 	 	 	 	 
	
              
                Cost
      of Goods Sold

              

            	 	 	 	 	 	 	 	 
	
              
                Gross
      Profit

              

            	 	 	1,300,000	 	 	 	13,170,579	 
	
              
                OPERATING
      EXPENSES

              

            	 	 	 	 	 	 	 	 
	
              
                Advertising

              

            	 	 	 	 	 	 	 	 
	
              
                Auto
      and Truck Expense

              

            	 	 	 	 	 	 	 	 
	
              
                Bad
      Debts

              

            	 	 	 	 	 	 	 	 
	
              
                Contributions

              

            	 	 	 	 	 	 	 	 
	
              
                Employee
      Benefits Programs

              

            	 	 	6,179	 	 	 	17,024	 
	
              
                Officer/Insider
      Compensation*

              

            	 	 	80,166	 	 	 	468,884	 
	
              
                Insurance

              

            	 	 	2,133	 	 	 	37,516	 
	
              
                Management
      Fees/Bonuses

              

            	 	 	 	 	 	 	 	 
	
              
                Office
      Expense

              

            	 	 	 	 	 	 	 	 
	
              
                Outside
      and other services - no reorganization items

              

            	 	 	685	 	 	 	228,982	 
	
              
                Repairs
      and Maintenance

              

            	 	 	 	 	 	 	 	 
	
              
                Rent
      and Lease Expense

              

            	 	 	18,336	 	 	 	77,953	 
	
              
                Salaries/Commissions/Fees

              

            	 	 	37,169	 	 	 	176,836	 
	
              
                Supplies

              

            	 	 	924	 	 	 	21,226	 
	
              
                Taxes
      - Payroll

              

            	 	 	3,820	 	 	 	28,408	 
	
              
                Taxes
      - Real Estate

              

            	 	 	 	 	 	 	 	 
	
              
                Taxes
      - Other

              

            	 	 	 	 	 	 	(28	)
	
              
                Travel
      and Entertainment

              

            	 	 	14,500	 	 	 	64,478	 
	
              
                Utilities

              

            	 	 	3,858	 	 	 	21,611	 
	
              
                Other
      (attach
      schedule)

              

            	 	 	4,413	 	 	 	236,234	 
	
              
                Total
      Operating Expenses Before Depreciation

              

            	 	 	172,183	 	 	 	1,379,124	 
	
              
                Depreciation/Depletion/Amortization

              

            	 	 	2,823	 	 	 	13,022	 
	
              
                Net
      Profit (Loss) Before Other Income & Expenses

              

            	 	 	1,124,994	 	 	 	11,778,433	 
	
              
                OTHER
      INCOME AND EXPENSES

              

            	 	 	 	 	 	 	 	 
	
              
                Other
      Income(Loss) -
      Subsidiaries

              

            	 	 	1,091,653	 	 	 	(1,521,193	)
	
              
                Interest
      Expense

              

            	 	 	(67,615	)	 	 	(366,239	)
	
              
                Other
      Expense (attach
      schedule)

              

            	 	 	 	 	 	 	 	 
	
              
                Net
      Profit (Loss) Before Reorganization Items

              

            	 	 	2,149,032	 	 	 	9,891,001	 

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              
                In re

              

            	 	
              
                CHARYS
      HOLDING COMPANY, INC

              

            	 	
              
                Case No.

              

            	 	
              
                08-10289
      (BLS)

              

            
	 
      	 	
              
                Debtor

              

            	 	
              
                Reporting Period:

              

            	 	
              
                June
      1 through 30

              

            

    

     

    
      	REORGANIZATION
      ITEMS	 	 	 	 	 	 	 	 
	
              
                Professional
      Fees

              

            	 	 	858,586	 	 	 	3,791,268	 
	
              
                U.
      S. Trustee Quarterly Fees

              

            	 	 	 	 	 	 	4,875	 
	
              
                Interest
      Earned on Accumulated Cash from Chapter 11 (see continuation
      sheet)

              

            	 	 	 	 	 	 	 	 
	
              
                Gain
      (Loss) from Sale of Equipment

              

            	 	 	 	 	 	 	 	 
	
              
                Other
      Reorganization Expenses (attach
      schedule)

              

            	 	 	 	 	 	 	 	 
	
              
                Total
      Reorganization Expenses

              

            	 	 	 	 	 	 	 	 
	
              
                Income
      Taxes

              

            	 	 	 	 	 	 	 	 
	
              
                Net
      Profit (Loss)

              

            	 	$	1,290,446	 	 	$	6,094,858	 

    

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

    

    
       

      BREAKDOWN
OF “OTHER” CATEGORY

    

    
       

      OTHER
COSTS

    

    
      	 
      	 	
              
                None

              

            	 	 	
              
                None

              

            	 
	 
      	 	 	 	 	 	 
	
              
                OTHER
      OPERATIONAL EXPENSES

              

            	 	 	 	 	 	 
	
              
                Filing
      fees

              

            	 	 	4,188	 	 	
              
                None

              

            	 
	
              
                Misc

              

            	 	 	225	 	 	 	 
	
              
                OTHER
      INCOME

              

            	 	 	 	 	 	 	 
	 
      	 	
              
                None

              

            	 	 	
              
                None

              

            	 
	 
      	 	 	 	 	 	 	 
	
              
                OTHER
      EXPENSES

              

            	 	 	 	 	 	 	 
	 
      	 	 	 	 	 	 	 
	 
      	 	 	 	 	 	 	 
	 
      	 	 	 	 	 	 	 
	
              
                OTHER
      REORGANIZATION EXPENSES

              

            	 	 	 	 	 	 	 
	
              
                See
      MOR-6 "Bankruptcy Professionals"

              

            	 	 	858,586	 	 	 	3,791,268	 

    

    
       

      Reorganization
Items - Interest Earned on Accumulated Cash from Chapter 11:

    

    
      Interest
earned on cash accumulated during the chapter 11 case, which would not have been
earned but for the bankruptcy proceeding, should be reported as a reorganization
item.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.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00145-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00145-of-00352.parquet"}]]