Document:

ex10_5.htm

    
      

    

    Exhibit
10.5

     

    
      
        	
                In
      re

              	
                CHARYS HOLDING COMPANY, INC

              	 
      	
                Case
      No.     

              	
                08-10289 (BLS)

              	 
	 
      	
                Debtor

              	 
      	
                Reporting
      Period:     

              	
                May 1 through 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

                

              	 	 	 	 	 	 
	
                
                  Less:
      Returns and Allowances

                

              	 	 	 	 	 	 
	
                
                  Management
      Fees billable to Subsidiaries

                

              	 	 	1,300,000	 	 	 	11,870,579	 
	
                
                  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	 	 	 	11,870,579	 
	
                
                  OPERATING
      EXPENSES

                

              	 	 	 	 	 	 	 	 
	
                
                  Advertising

                

              	 	 	 	 	 	 	 	 
	
                
                  Auto
      and Truck Expense

                

              	 	 	 	 	 	 	 	 
	
                
                  Bad
      Debts

                

              	 	 	 	 	 	 	 	 
	
                
                  Contributions

                

              	 	 	 	 	 	 	 	 
	
                
                  Employee
      Benefits Programs

                

              	 	 	4,490	 	 	 	10,845	 
	
                
                  Officer/Insider
      Compensation*

                

              	 	 	90,308	 	 	 	388,718	 
	
                
                  Insurance

                

              	 	 	2,852	 	 	 	35,383	 
	
                
                  Management
      Fees/Bonuses

                

              	 	 	 	 	 	 	 	 
	
                
                  Office
      Expense

                

              	 	 	 	 	 	 	 	 
	
                
                  Outside
      and other services - no reorganization items

                

              	 	 	90,982	 	 	 	228,297	 
	
                
                  Repairs
      and Maintenance

                

              	 	 	 	 	 	 	 	 
	
                
                  Rent
      and Lease Expense

                

              	 	 	13,185	 	 	 	59,617	 
	
                
                  Salaries/Commissions/Fees

                

              	 	 	43,418	 	 	 	139,667	 
	
                
                  Supplies

                

              	 	 	3,972	 	 	 	20,302	 
	
                
                  Taxes
      - Payroll

                

              	 	 	4,343	 	 	 	24,588	 
	
                
                  Taxes
      - Real Estate

                

              	 	 	 	 	 	 	 	 
	
                
                  Taxes
      - Other

                

              	 	 	 	 	 	 	(28	)
	
                
                  Travel
      and Entertainment

                

              	 	 	17,062	 	 	 	49,978	 
	
                
                  Utilities

                

              	 	 	5,989	 	 	 	17,753	 
	
                
                  Other
      (attach schedule)

                

              	 	 	42,086	 	 	 	231,821	 
	
                
                  Total
      Operating Expenses Before Depreciation

                

              	 	 	318,687	 	 	 	1,206,941	 
	
                
                  Depreciation/Depletion/Amortization

                

              	 	 	2,823	 	 	 	10,199	 
	
                
                  Net
      Profit (Loss) Before Other Income & Expenses

                

              	 	 	978,490	 	 	 	10,653,439	 
	
                
                  OTHER
      INCOME AND EXPENSES

                

              	 	 	 	 	 	 	 	 
	
                
                  Other
      Income(Loss) - Subsidiaries

                

              	 	 	(210,898	)	 	 	(2,612,846	)
	
                
                  Interest
      Expense

                

              	 	 	(69,870	)	 	 	(298,624	)
	
                
                  Other
      Expense (attach schedule)

                

              	 	 	 	 	 	 	 	 
	
                
                  Net
      Profit (Loss) Before Reorganization Items

                

              	 	 	697,722	 	 	 	7,741,969	 

      

      
        

          
            
               

            

            
               

              
                

              

            

            
               

            

          

        

      

      
         

      

      
        	
                In
      re

              	
                CHARYS HOLDING COMPANY, INC

              	 
      	
                Case
      No.     

              	
                08-10289 (BLS)

              	 
	 
      	
                Debtor

              	 
      	
                Reporting
      Period:     

              	
                May 1 through 31

              	 

      

      

      
        	
                
                  REORGANIZATION
      ITEMS

                

              	 	 	 	 	 	 
	
                
                  Professional
      Fees

                

              	 	 	481,801	 	 	 	2,932,682	 
	
                
                  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)

                

              	 	$	215,921	 	 	$	4,804,412	 

      

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

      

      
        

      

      
        BREAKDOWN
OF “OTHER” CATEGORY

      

      

      OTHER
COSTS

      
        	 
      	 	
                
                  None

                

              	 	 	
                
                  None

                

              	 
	 
      	 	 	 	 	 	 
	
                
                  OTHER
      OPERATIONAL EXPENSES

                

              	 	 	 	 	 	 
	 
      	 	
                
                  None

                

              	 	 	
                
                  None

                

              	 
	 
      	 	 	 	 	 	 
	
                
                  OTHER
      INCOME

                

              	 	 	 	 	 	 
	 
      	 	
                
                  None

                

              	 	 	
                
                  None

                

              	 
	 
      	 	 	 	 	 	 
	
                
                  OTHER
      EXPENSES

                

              	 	 	 	 	 	 
	
                
                  Other
      professional fees - non bankruptcy professionals

                

              	 	 	42,085	 	 	 	231,821	 
	 
      	 	 	 	 	 	 	 	 
	 
      	 	 	 	 	 	 	 	 
	
                
                  OTHER
      REORGANIZATION EXPENSES

                

              	 	 	 	 	 	 	 	 
	
                
                  See
      MOR-6 "Bankruptcy Professionals"

                

              	 	 	481,801	 	 	 	2,932,682	 
	 
      	 	 	 	 	 	 	 	 
	 
      	 	 	 	 	 	 	 	 
	 
      	 	 	 	 	 	 	 	 

      

      
        

      

      
        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:    
      

              	
                May 1 through 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

                

              	 	 	3,880	 	 	 	80,522	 	 
      
	
                
                  Restricted
      Cash and Cash Equivalents (see continuation sheet)

                

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

                

              	 	 	178,131,551	 	 	 	177,076,624	 	 
      
	
                
                  Notes
      Receivable

                

              	 	 	 	 	 	 	 	 	 
      
	
                
                  Inventories

                

              	 	 	 	 	 	 	 	 	 
      
	
                
                  Prepaid
      Expenses

                

              	 	 	38,363	 	 	 	59,773	 	 
      
	
                
                  Professional
      Retainers

                

              	 	 	589,301	 	 	 	569,301	 	 
      
	
                
                  Other
      Current Assets (attach schedule)

                

              	 	 	75,208	 	 	 	161,870	 	 
      
	
                
                  TOTAL
      CURRENT ASSETS

                

              	 	 	184,229,896	 	 	 	183,339,683	 	 
      
	
                
                  PROPERTY
      & EQUIPMENT

                

              	 	 	 	 	 	 	 	 	 
      
	
                
                  Real
      Property and Improvements

                

              	 	 	 	 	 	 	 	 	 
      
	
                
                  Machinery
      and Equipment

                

              	 	 	 	 	 	 	 	 	 
      
	
                
                  Furniture,
      Fixtures and Office Equipment

                

              	 	 	116,718	 	 	 	116,718	 	 
      
	
                
                  Leasehold
      Improvements

                

              	 	 	 	 	 	 	 	 	 
      
	
                
                  Vehicles

                

              	 	 	 	 	 	 	 	 	 
      
	
                
                  Less:
      Accumulated Depreciation

                

              	 	 	(45,690	)	 	 	(42,867	)	 
      
	
                
                  TOTAL
      PROPERTY & EQUIPMENT

                

              	 	 	71,028	 	 	 	73,851	 	 
      
	
                
                  OTHER
      ASSETS

                

              	 	 	 	 	 	 	 	 	 
      
	
                
                  Amounts
      due from Insiders*

                

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

                

              	 	 	47,309,329	 	 	 	47,433,589	 	 
      
	
                
                  TOTAL
      OTHER ASSETS

                

              	 	 	47,395,967	 	 	 	47,520,227	 	 
      
	
                
                  TOTAL
      ASSETS

                

              	 	 	231,696,891	 	 	 	230,933,761	 	 
      

      

      

      
        	
                
                  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

                

              	 	 	328,419	 	 	 	179,741	 	 
      
	
                
                  Taxes
      Payable (refer to FORM
      MOR-4)

                

              	 	 	 	 	 	 	 	 	 
      
	
                
                  Wages
      Payable

                

              	 	 	 	 	 	 	 	 	 
      
	
                
                  Notes
      Payable

                

              	 	 	 	 	 	 	 	 	 
      
	
                
                  Rent
      / Leases - Building/Equipment

                

              	 	 	 	 	 	 	 	 	 
      
	
                
                  Secured
      Debt / Adequate Protection Payments

                

              	 	 	243,414	 	 	 	173,545	 	 
      
	
                
                  Professional
      Fees

                

              	 	 	2,874,609	 	 	 	2,450,881	 	 
      
	
                
                  Amounts
      Due to Insiders*

                

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

                

              	 	 	13,819	 	 	 	124,351	 	 
      
	
                
                  TOTAL
      POST-PETITION LIABILITIES

                

              	 	 	3,475,727	 	 	 	2,928,518	 	 
      
	
                
                  LIABILITIES
      SUBJECT TO COMPROMISE (Pre-Petition)

                

              	 	 	 	 	 	 	 	 	 
      
	
                
                  Secured
      Debt

                

              	 	 	 	 	 	 	 	 	 
      
	
                
                  Priority
      Debt

                

              	 	 	293,063,959	 	 	 	293,063,959	 	 
      
	
                
                  Unsecured
      Debt

                

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

                

              	 	 	372,504,128	 	 	 	372,504,128	 	 
      
	
                
                  TOTAL
      LIABILITIES

                

              	 	 	375,979,855	 	 	 	375,432,646	 	 
      
	
                
                  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

                

              	 	 	4,804,412	 	 	 	4,588,491	 	 
      
	
                
                  Adjustments
      to Owner Equity (attach schedule)

                

              	 	 	 	 	 	 	 	 	 
      
	
                
                  Post-petition
      Contributions (attach schedule)

                

              	 	 	 	 	 	 	 	 	 
      
	
                
                  NET
      OWNERS’ EQUITY

                

              	 	 	(144,282,964	)	 	 	(144,498,885	)	 
      
	
                
                  TOTAL
      LIABILITIES AND OWNERS' EQUITY

                

              	 	 	231,696,891	 	 	 	230,933,761	 	 
      

      

      
        **
“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:    
      

              	
                May 1 through 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

                

              	 	 	 	 
      	 	 
      
	
                
                  Travel
      Advances

                

              	 	 	56,830	 	 
      	 	 
      
	
                
                  Deposits

                

              	 	 	18,378	 	 
      	 	 
      
	
                
                  Other
      Assets

                

              	 	 	 	 	 
      	 	 
      
	
                
                  Investment
      in subsidiaries

                

              	 	 	47,309,329	 	 
      	 	 
      
	 
      	 	 	 	 	 
      	 	 
      
	 
      	 	 	 	 	 
      	 	 
      
	 
      	 	 	 	 	 
      	 	 
      
	
                
                   

                  LIABILITIES
      AND OWNER EQUITY

                

              	 	
                
                  BOOK
      VALUE AT END OF CURRENT REPORTINGMONTH

                

              	 	 
      	 	
                
                  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"}]]