Document:

ex10_5.htm

    
      

    

    Exhibit
10.16

     

    
      
        	
                In
      re

              	
                CROCHET & BOREL SERVICES,
      INC.

              	 
      	
                Case
      No.

              	 
      	
                08-10290 (BLS)

              
	 
      	
                Debtor

              	 
      	
                Reporting
      Period:

              	 
      	
                July 1 through July
  31

              

      

      
        

      

      
        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

                

              	 	$	 	 	 	$	10	 
	
                
                  Less: Returns and
      Allowances

                

              	 	 	-	 	 	 	-	 
	
                
                  Net Revenue

                

              	 	 	-	 	 	 	10	 
	
                
                  COST OF GOODS
      SOLD

                

              	 	 	 	 	 	 	 	 
	
                
                  Beginning Inventory

                

              	 	 	 	 	 	 	-	 
	
                
                  Add: Purchases

                

              	 	 	-	 	 	 	.	 
	
                
                  Add: Cost of Labor

                

              	 	 	 	 	 	 	281	 
	
                
                  Add: Other Costs (attach
      schedule)

                

              	 	 	 	 	 	 	401	 
	
                
                  Less: Ending
Inventory

                

              	 	 	 	 	 	 	-	 
	
                
                  Cost of Goods Sold

                

              	 	 	 	 	 	 	682	 
	
                
                  Gross Profit

                

              	 	 	-	 	 	 	692	 
	
                
                  OPERATING
      EXPENSES

                

              	 	 	 	 	 	 	 	 
	
                
                  Advertising

                

              	 	 	.	 	 	 	-	 
	
                
                  Auto and Truck
Expense

                

              	 	 	-	 	 	 	-	 
	
                
                  Bad Debts

                

              	 	 	-	 	 	 	-	 
	
                
                  Contributions

                

              	 	 	-	 	 	 	-	 
	
                
                  Employee Benefits
      Programs

                

              	 	 	.	 	 	 	-	 
	
                
                  Officer/Insider
      Compensation*

                

              	 	 	-	 	 	 	-	 
	
                
                  Insurance

                

              	 	 	„	 	 	 	-	 
	
                
                  Management
    Fees/Bonuses

                

              	 	 	-	 	 	 	-	 
	
                
                  Office Expense

                

              	 	 	-	 	 	 	-	 
	
                
                  Pension & Profit-Sharing
      Plans

                

              	 	 	.	 	 	 	-	 
	
                
                  Repairs and
    Maintenance

                

              	 	 	-	 	 	 	-	 
	
                
                  Rent and Lease
Expense

                

              	 	 	.	 	 	 	-	 
	
                
                  Salaries/Commissions/Fees

                

              	 	 	-	 	 	 	-	 
	
                
                  Supplies

                

              	 	 	-	 	 	 	-	 
	
                
                  Taxes - Payroll

                

              	 	
                
                  -

                

              	 	 	 	-	 
	
                
                  Taxes - Real Estate

                

              	 	 	-	 	 	 	-	 
	
                
                  Taxes - Other (refund on franchise
      taxes)

                

              	 	 	 	 	 	 	76,906	 
	
                
                  Travel and
    Entertainment

                

              	 	 	 	 	 	
                
                  -

                

              	 
	
                
                  Utilities

                

              	 	 	 	 	 	 	-	 
	
                
                  Other (attach
    schedule)

                

              	 	 	(6,139	)	 	 	(9,982	)
	
                
                  Total Operating Expenses Before
      Depreciation

                

              	 	 	(6,139	)	 	 	66,924	 
	
                
                  Depreciation/Depletion/Amortization

                

              	 	 	(39,741	)	 	 	(218,577	)
	
                
                  Net Profit (Loss) Before Other Income &
      Expenses

                

              	 	 	(45,880	)	 	 	(150,961	)
	
                
                  OTHER INCOME AND
    EXPENSES

                

              	 	 	 	 	 	 	 	 
	
                
                  Other Income (attach
      schedule)

                

              	 	 	-	 	 	 	-	 
	
                
                  Interest Expense

                

              	 	 	27,092	 	 	 	(93,973	)
	
                
                  Other Expense (attach
      schedule)

                

              	 	 	 	 	 	 	-	 
	
                
                  Net Profit (Loss) Before Reorganization
      Items

                

              	 	 	(18,788	)	 	 	(244,934	)

      

      
        

          
            
               

            

            
               

              
                

              

            

            
               

            

          

        

         

      

      
        	
                In
      re

              	
                CROCHET & BOREL SERVICES,
      INC.

              	 
      	
                Case
      No.

              	 
      	
                08-10290 (BLS)

              
	 
      	
                Debtor

              	 
      	
                Reporting
      Period:

              	 
      	
                July 1 through July
  31

              

      

      

      
        	
                
                  REORGANIZATION ITEMS

                

              	 	 	 	 	 	 
	
                
                  Professional Fees

                

              	 	 	-	 	 	 	-	 
	
                
                  U. S. Trustee Quarterly
      Fees

                

              	 	 	(6,500	)	 	 	(6,825	)
	
                
                  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

                

              	 	 	(6,500	)	 	 	(6,825	)
	
                
                  Income Taxes

                

              	 	 	-	 	 	
                
                  -

                

              	 
	
                
                  Net Profit (Loss)

                

              	 	$	(25,288	)	 	$	(251,759	)

      

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

      

      
        

      

      
        BREAKDOWN
OF "OTHER" CATEGORY

      

      

      
        OTHER
COSTS

      

      
        	
                
                  63000-63900 - DC - Construction &
      Other

                

              	 	 	401	 
	 
      	 	 	 	 
	 
      	 	 	 	 
	 
      	 	 	 	 
	 
      	 	 	 	 

      

      
        OTHER
OPERATIONAL EXPENSES

      

      
        	
                
                  80200 - Bank Charges

                

              	 	$	1,877	 	 	 	3,020	 
	
                
                  80450 - Contract
Labor

                

              	 	 	 	 	 	 	920	 
	
                
                  80700 - Dues &
      Subscriptions

                

              	 	 	 	 	 	 	127	 
	
                
                  82000 - Legal &
      Professional

                

              	 	 	4,039	 	 	 	5,659	 
	
                
                  83200 - Penalties

                

              	 	 	 	 	 	 	35	 
	
                
                  82400 - Office
    Expenses

                

              	 	 	223	 	 	 	221	 

      

      
        OTHER
INCOME

      

      
        	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      

      

      
        OTHER
EXPENSES

      

      
        	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      

      

      
        OTHER
REORGANIZATION EXPENSES

      

      
        	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      

      

      
        

      

      
        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
10.17

     

    
      
        	
                In
      re

              	
                CROCHET & BOREL SERVICES,
      INC.

              	 
      	
                Case
      No.

              	 
      	
                08-10290 (BLS)

              
	 
      	
                Debtor

              	 
      	
                Reporting
      Period:

              	 
      	
                July 1 through July
  31

              

      

      
        

      

      
        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

              	 	$	107,184	 	 	$	119,572	 	 	 	 	 
	
                Restricted Cash and Cash Equivalents (see
      continuation sheet)

              	 	 	-	 	 	 	-	 	 	 	 	 
	
                Accounts Receivable (Net)

              	 	 	16,184,025	 	 	 	16,184,275	 	 	 	 	 
	
                Notes Receivable

              	 	 	-	 	 	 	-	 	 	 	 	 
	
                inventories

              	 	 	-	 	 	 	-	 	 	 	 	 
	
                Prepaid Expenses

              	 	 	-	 	 	 	-	 	 	 	 	 
	
                Professional Retainers

              	 	 	-	 	 	 	-	 	 	 	 	 
	
                Other Current Assets: undeposited
      funds

              	 	 	-	 	 	 	-	 	 	 	 	 
	
                TOTAL CURRENT ASSETS

              	 	 	16,291,209	 	 	 	16,303,847	 	 	 	 	 
	
                PROPERTY & EQUIPMENT

              	 	 	 	 	 	 	 	 	 	 	 	 
	
                Real Property and
    Improvements

              	 	 	-	 	 	 	-	 	 	 	 	 
	
                Machinery and Equipment

              	 	 	1,605,276	 	 	 	1,605,276	 	 	 	 	 
	
                Furniture, Fixtures and Office
      Equipment

              	 	 	318,574	 	 	 	318,574	 	 	 	 	 
	
                Leasehold Improvements

              	 	 	-	 	 	 	-	 	 	 	 	 
	
                Vehicles

              	 	 	504,774	 	 	 	504,774	 	 	 	 	 
	
                Less: Accumulated
    Depreciation

              	 	 	(1,093,639	)	 	 	(1,053,898	)	 	 	 	 
	
                TOTAL PROPERTY &
    EQUIPMENT

              	 	 	1,334,985	 	 	 	1,374,726	 	 	 	 	 
	
                OTHER ASSETS

              	 	 	 	 	 	 	 	 	 	 	 	 
	
                Amounts due from Insiders*

              	 	 	 	 	 	 	 	 	 	 	
                -

              	 
	
                Other Assets (attach
    schedule)

              	 	 	12,039,828	 	 	 	12,039,828	 	 	 	
                -

              	 
	
                TOTAL OTHER ASSETS

              	 	 	12,039,828	 	 	 	12,039,828	 	 	 	
                -

              	 
	
                TOTAL ASSETS

              	 	 	29,666,022	 	 	 	29,718,401	 	 	 	
                -

              	 

      

       

      
        	
                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 	 	 	3,041	 	 	 	3,041	 	 	 	 	 
	
                Taxes Payable (refer to FORM
      MOR-4)

              	 	 	 	 	 	 	 	 	 	 	 	 
	
                Wages Payable

              	 	 	 	 	 	 	 	 	 	 	 	 
	
                Notes Payable

              	 	 	 	 	 	 	 	 	 	 	 	 
	
                Rent / Leases -
      Building/Equipment

              	 	 	 	 	 	 	 	 	 	 	 	 
	
                Secured Debt / Adequate Protection
      Payments

              	 	 	327,777	 	 	 	354,869	 	 	 	 	 
	
                Professional Fees

              	 	 	 	 	 	 	 	 	 	 	 	 
	
                Amounts Due to Insiders*

              	 	 	 	 	 	 	 	 	 	 	 	 
	
                Other Post-petition Liabilities (attach
      schedule)

              	 	 	-	 	 	 	-	 	 	 	 	 
	
                TOTAL POST-PETITION
    LIABILITIES

              	 	 	330,818	 	 	 	357,910	 	 	 	 	 
	
                LIABILITIES SUBJECT TO COMPROMISE
      (Pre-Petition)

              	 	 	 	 	 	 	 	 	 	 	 	 
	
                Secured Debt

              	 	 	-	 	 	 	-	 	 	 	 	 
	
                Priority Debt

              	 	 	-	 	 	 	-	 	 	 	 	 
	
                Unsecured Debt

              	 	 	25,608,561	 	 	 	25,608,561	 	 	 	 	 
	
                TOTAL PRE-PETITION
    LIABILITIES

              	 	 	25,608,561	 	 	 	25,608,561	 	 	 	 	 
	
                TOTAL LIABILITIES

              	 	 	25,939,379	 	 	 	25,966,471	 	 	 	 	 
	
                OWNERS’ EQUITY

              	 	 	 	 	 	 	 	 	 	 	 	 
	
                INVESTMENT BY PARENT

              	 	 	140,727,295	 	 	 	140,727,295	 	 	 	 	 
	
                Additional Paid-in Capital

              	 	 	55,452,296	 	 	 	55,452,296	 	 	 	-	 
	
                Partners' Capital Account

              	 	 	 	 	 	 	 	 	 	 	-	 
	
                Owner's Equity Account

              	 	 	 	 	 	 	 	 	 	 	-	 
	
                Retained Earnings -
      Pre-Petition

              	 	 	(192,201,190	)	 	 	(192,201,190	)	 	 	-	 
	
                Retained Earnings -
      Post-petition

              	 	 	(251,758	)	 	 	(226,471	)	 	 	.	 
	
                Adjustments to Owner Equity (attach
      schedule)

              	 	 	 	 	 	 	 	 	 	 	-	 
	
                Post-petition Contributions (attach
      schedule)

              	 	 	 	 	 	 	 	 	 	 	-	 
	
                NET OWNERS' EQUITY

              	 	 	3,726,643	 	 	 	3,751,930	 	 	 	-	 
	
                TOTAL LIABILITIES AND OWNERS'
      EQUITY

              	 	$	29,666,022	 	 	$	29,718,401	 	 	$	-	 

      

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

         

        
          
            
               

            

            
               

              
                

              

            

            
               

            

          

        

         

      

      
        	
                In
      re

              	
                CROCHET & BOREL SERVICES,
      INC.

              	 
      	
                Case
      No.

              	 
      	
                08-10290 (BLS)

              
	 
      	
                Debtor

              	 
      	
                Reporting
      Period:

              	 
      	
                July 1 through July
  31

              

      

      
        

      

      

      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

              	 	 	 
      	 	 	 	 	 	 
	 
      	 	 	 
      	 	 	-	 	 	 	-	 
	 
      	 	 	 
      	 	 	-	 	 	 	-	 
	 
      	 	 	 
      	 	 	-	 	 	 	-	 
	 
      	 	 	 
      	 	 	-	 	 	 	-	 
	 
      	 	 	 
      	 	 	-	 	 	 	-	 
	 
      	 	 	 
      	 	 	-	 	 	 	-	 

      

      
        	
                Other Assets

              	 	 	 	 	 	 	 	 
      	 
	
                11800 + N/R - Charys
Holding

              	 	$	11,419,828	 	 	$	11,419,828	 	 	
                undetermined

              	 
	
                11810 + N/R - Viasys

              	 	 	290,000	 	 	 	290,000	 	 	
                undetermined

              	
                 

              
	
                11820 + N/R - CCI

              	 	 	200,000	 	 	 	200,000	 	 	
                undetermined

              	
                 

              
	
                11830 + N/R - Ayin

              	 	 	130,000	 	 	 	130,000	 	 	
                undetermined

              	 

      

       

      
        	
                LIABILITIES AND OWNER
EQUITY

              	 	 	
                BOOK VALUE AT END OF CURRENT REPORTING
      MONTH

              	 	 	 	 	 	
                BOOK VALUE ON PETITION DATE

              	 
	
                Other Post-petition
    Liabilities

              	 	 	 
      	 	 	 	 	 	 
      	 
	 
      	 	 	 
      	 	 	 	 	 	 
      	 
	 
      	 	 	 
      	 	 	 	 	 	 
      	 
	 
      	 	 	 
      	 	 	 	 	 	 
      	 
	 
      	 	 	 
      	 	 	 	 	 	 
      	 
	 
      	 	 	 
      	 	 	 	 	 	 
      	 
	 
      	 	 	 
      	 	 	$	-	 	 	 
      	 
	
                Adjustments to Owner's
    Equity

              	 	 	 
      	 	 	 	 	 	 	 
      	 
	 
      	 	 	 
      	 	 	 	 	 	 	 
      	 
	 
      	 	 	 
      	 	 	 	 	 	 	 
      	 
	 
      	 	 	 
      	 	 	 	 	 	 	 
      	 
	
                Post-Petition Contributions

              	 	 	 
      	 	 	 	 	 	 	 
      	 
	 
      	 	 	 
      	 	 	 	 	 	 	 
      	 
	 
      	 	 	 
      	 	 	 	 	 	 	 
      	 
	 
      	 	 	 
      	 	 	 	 	 	 	 
      	 

      

      
        

      

      
        

      

      
        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-00146-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00146-of-00352.parquet"}]]