Document:

ex10_16.htm

    
      

    

    Exhibit
10.5

     

    
      	
              In
      re

            	
              CHARYS
      HOLDING COMPANY, INC

            	
              Case
      No.

            	 	
              08-10289
      (BLS)

            
	 
      	Debtor	
              Reporting
      Period:

            	 	
              July
      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

              

            	 	 	1,3000,000	 	 	 	14,470,579	 
	
              
                COST
      OF GOODS SOLD

              

            	 	 	 	 	 	 	 	 
	
              
                Beginning
      Inentory

              

            	 	 	 	 	 	 	 	 
	
              
                Add:
      Purchases

              

            	 	 	 	 	 	 	 	 
	
              
                Add:
      Cost of Labor

              

            	 	 	 	 	 	 	 	 
	
              
                Add:
      Other Costs (attach
      schedule)

              

            	 	 	 	 	 	 	 	 
	
              
                Less:
      Ending Inventory

              

            	 	 	 	 	 	 	 	 
	
              
                Cost
      of Goods Sold

              

            	 	 	 	 	 	 	 	 
	
              
                Gross
      Profit

              

            	 	 	1,300,000	 	 	 	14,470,579	 
	
              
                OPERATING
      EXPENSES

              

            	 	 	 	 	 	 	 	 
	
              
                Advertising

              

            	 	 	 	 	 	 	 	 
	
              
                Auto
      and Truck Expense

              

            	 	 	-	 	 	 	-	 
	
              
                Bad
      Debts

              

            	 	 	 	 	 	 	 	 
	
              
                Contributions

              

            	 	 	 	 	 	 	 	 
	
              
                Employee
      Benefits Programs

              

            	 	 	3,864	 	 	 	20,888	 
	
              
                Officer/Insider
      Compensation*

              

            	 	 	88,916	 	 	 	557,800	 
	
              
                Insurance

              

            	 	 	8,487	 	 	 	46,003	 
	
              
                Management
      Fees/Bonuses

              

            	 	 	 	 	 	 	 	 
	
              
                Office
      Expense

              

            	 	 	-	 	 	 	-	 
	
              
                Outside
      and other services - no reorganization

              

            	 	 	-	 	 	 	228,982	 
	
              
                Repairs
      and Maintenance

              

            	 	 	 	 	 	 	 	 
	
              
                Rent
      and Lease Expense

              

            	 	 	13,565	 	 	 	91,518	 
	
              
                Salaries/Commissions/Fees

              

            	 	 	30,418	 	 	 	207,254	 
	
              
                Supplies

              

            	 	 	-	 	 	 	21,226	 
	
              
                Taxes
      - Payroll

              

            	 	 	3,058	 	 	 	31,466	 
	
              
                Taxes
      - Real Estate

              

            	 	 	 	 	 	 	 	 
	
              
                Taxes
      - Other

              

            	 	 	4,906	 	 	 	4,878	 
	
              
                Travel
      and Entertainment

              

            	 	 	16,732	 	 	 	81,210	 
	
              
                Utilities

              

            	 	 	4,366	 	 	 	25,977	 
	
              
                Other
      (attach
      schedule)

              

            	 	 	51,024	 	 	 	287,258	 
	
              
                Total
      Operating Expenses Before Depreciation

              

            	 	 	225,336	 	 	 	1,604,460	 
	
              
                Depreciation/Depletion/Amortization

              

            	 	 	2,823	 	 	 	15,845	 
	
              
                Net
      Profit (Loss) Before Other Income & Exp

              

            	 	 	1,071,841	 	 	 	12,850,274	 
	
              
                OTHER
      INCOME AND EXPENSES

              

            	 	 	 	 	 	 	 	 
	
              
                Other
      Income(Loss) -
      Subsidiaries

              

            	 	 	3,329,465	 	 	 	1,808,272	 
	
              
                Interest
      Expense

              

            	 	 	(69,869	)	 	 	(436,108	)
	
              
                Other
      Expense (attach
      schedule)

              

            	 	 	 	 	 	 	 	 
	
              
                Net
      Profit (Loss) Before Reorganization Items

              

            	 	 	4,331,437	 	 	 	14,222,438	 

    

    
      

        
          
             

          

          
             

            
              

            

          

          
             

          

        

      

       

    

    
      	
              In
      re

            	
              CHARYS
      HOLDING COMPANY, INC

            	
              Case
      No.

            	 	
              08-10289
      (BLS)

            
	 
      	Debtor	
              Reporting
      Period:

            	 	
              July
      1 through 31

            

    

    
      

    

    
      	
              
                REORGANIZATION
      ITEMS

              

            	 	 	 	 	 	 
	
              
                Professional
      Fees

              

            	 	 	874,342	 	 	 	4,665,610	 
	
              
                U.
      S. Trustee Quarterly Fees

              

            	 	 	4,875	 	 	 	9,750	 
	
              
                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)

              

            	 	$	3,452,220	 	 	$	9,547,078	 

    

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

    

    
      

    

    
      BREAKDOWN
OF "OTHER" CATEGORY

    

    
      

    

    
      OTHER
COSTS

    

    
      
        	 
      	 	
                
                  None

                

              	 	 	
                
                  None

                

              	 
	 
      	 	 	 	 	 	 
	
                
                  OTHER
      OPERATIONAL EXPENSES

                

              	 
	
                
                  Outside
      services, consulting

                

              	 	 	47,390	 	 	 	279,211	 
	
                
                  Filing
      fees and other misc expenses

                

              	 	 	3,634	 	 	 	8,047	 
	
                
                  OTHER
      INCOME

                

              	 
	 
      	 	
                
                  None

                

              	 	 	
                
                  None

                

              	 
	 
      	 	 	 	 	 	 	 	 
	
                
                  OTHER
      EXPENSES

                

              	 
	 
      	 	 	 	 	 	 	 	 
	 
      	 	 	 	 	 	 	 	 
	 
      	 	 	 	 	 	 	 	 
	
                
                  OTHER
      REORGANIZATION EXPENSES

                

              	 
	
                
                  See
      MOR-6 "Bankruptcy Professionals"

                

              	 	 	874,342	 	 	 	4,665,610	 
	 
      	 	 	 	 	 	 	 	 
	 
      	 	 	 	 	 	 	 	 
	 
      	 	 	 	 	 	 	 	 

      

    

    
      

    

    
      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_17.htm

    
      
        

      

    

    Exhibit
10.6

        

    
      
        	
                In
      re

              	
                CHARYS
      HOLDING COMPANY, INC

              	
                Case
      No.

              	 	
                08-10289
      (BLS)

              
	 
      	Debtor  	
                Reporting
      Period:

              	 	
                July
      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

                

              	 	 	284,015	 	 	 	6,450	 	 	 
      	 
	
                
                  Accounts
      Receivable (Net)

                

              	 	 	179,883,538	 	 	 	179,154,134	 	 	 
      	 
	
                
                  Notes
      Receivable

                

              	 	 	 	 	 	 	 	 	 	 
      	 
	
                
                  Inventories

                

              	 	 	 	 	 	 	 	 	 	 
      	 
	
                
                  Prepaid
      Expenses

                

              	 	 	68,043	 	 	 	11,326	 	 	 
      	 
	
                
                  Professional
      Retainers

                

              	 	 	584,567	 	 	 	589,301	 	 	 
      	 
	
                
                  Other
      Current Assets (attach
      schedule)

                

              	 	 	75,563	 	 	 	75,957	 	 	 
      	 
	
                
                  TOTAL
      CURRENT ASSETS

                

              	 	 	186,287,319	 	 	 	185,228,741	 	 	 
      	 
	
                
                  PROPERTY
      & EQUIPMENT

                

              	 	 	 	 	 	 	 	 	 	 
      	 
	
                
                  Real
      Property and Improvements

                

              	 	 	 	 	 	 	 	 	 	 
      	 
	
                
                  Machinery
      and Equipment

                

              	 	 	 	 	 	 	 	 	 	 
      	 
	
                
                  Furniture,
      Fixtures and Office Equipment

                

              	 	 	120,092	 	 	 	116,718	 	 	 
      	 
	
                
                  Leasehold
      Improvements

                

              	 	 	 	 	 	 	 	 	 	 
      	 
	
                
                  Vehicles

                

              	 	 	 	 	 	 	 	 	 	 
      	 
	
                
                  Less:   Accumulated
      Depreciation

                

              	 	 	(51,336	)	 	 	(48,513	)	 	 
      	 
	
                
                  TOTAL
      PROPERTY & EQUIPMENT

                

              	 	 	68,756	 	 	 	68,205	 	 	 
      	 
	
                
                  OTHER
      ASSETS

                

              	 	 	 	 	 	 	 	 	 	 
      	 
	
                
                  Amounts
      due from insiders*

                

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

                

              	 	 	51,730,447	 	 	 	48,400,982	 	 	 
      	 
	
                
                  TOTAL
      OTHER ASSETS

                

              	 	 	51,817,085	 	 	 	48,487,620	 	 	 
      	 
	
                
                  TOTAL
      ASSETS

                

              	 	 	238,173,160	 	 	 	233,784,566	 	 	 
      	 

      

      
        

          
            
              	
                      
                        LIABILITIES
      AND OWNER EQUITY

                      

                    	 	
                      
                        HOOK VALUE AT END OF CURRENT REPORTING
      MONTH

                      

                    	 	 	
                      
                        HOOK VALUE AT END OF PRIOR REPORTING
      MONTH

                      

                    	 	 	
                      
                        BOOK VALUE ON PETITION
      DATE

                      

                    	 
	LIABILITIES
      NOT SUBJECT TO COMPROMISE (Postpetition)	 	 	 	 	 	 	 	 	 
	
                      
                        Accounts
      Payable

                      

                    	 	 	159,094	 	 	 	142,880	 	 	 
      	 
	
                      
                        Taxes
      Payable (refer to FORM
      MOR-4)

                      

                    	 	 	 	 	 	 	 	 	 	 
      	 
	
                      
                        Wages
      Payable

                      

                    	 	 	 	 	 	 	 	 	 	 
      	 
	
                      
                        Notes
      Payable

                      

                    	 	 	 	 	 	 	 	 	 	 
      	 
	
                      
                        Rent/Leases
      - Building/Equipment

                      

                    	 	 	 	 	 	 	 	 	 	 
      	 
	
                      
                        Secured
      Debt / Adequate Protection Payments

                      

                    	 	 	380,898	 	 	 	311,030	 	 	 
      	 
	
                      
                        Professional
      Fees

                      

                    	 	 	4,656,995	 	 	 	3,805,509	 	 	 
      	 
	
                      
                        Amounts
      Due to Insiders*

                      

                    	 	 	17,777	 	 	 	7,024	 	 	 
      	 
	
                      
                        Other
      Post-petition Liabilities (attach
      schedule)

                      

                    	 	 	.	 	 	 	13,819	 	 	 
      	 
	
                      
                        TOTAL
      POST-PETITION LIABILITIES

                      

                    	 	 	5,214,764	 	 	 	4,280,262	 	 	 
      	 
	
                      
                        LIABILITIES SUBJECT TO
      COMPROMISE (Pre-Petition)

                      

                    	 
	
                      
                        Secured
      Debt

                      

                    	 	 	4,356,568	 	 	 	4,356,568	 	 	 
      	 
	
                      
                        Priority
      Debt

                      

                    	 	 	288,707,391	 	 	 	288,707,391	 	 	 
      	 
	
                      
                        Unsecured
      Debt

                      

                    	 	 	79,434,733	 	 	 	79,432,861	 	 	 
      	 
	
                      
                        TOTAL
      PRE-PETITION LIABILITIES

                      

                    	 	 	372,498,692	 	 	 	372,496,820	 	 	 
      	 
	
                      
                        TOTAL
      LIABILITIES

                      

                    	 	 	377,713,456	 	 	 	376,777,082	 	 	 
      	 
	
                      
                        OWNER’S
      EQUITY

                      

                    	 
	
                      
                        Capital
      Stock

                      

                    	 	 	58,953	 	 	 	58,953	 	 	 
      	 
	
                      
                        Additional
      Paid-in Capital

                      

                    	 	 	345,724,500	 	 	 	345,724,500	 	 	 
      	 
	
                      
                        Partners'
      Capita! Account

                      

                    	 	 	 	 	 	 	 	 	 	 
      	 
	
                      
                        Owner's
      Equity Account

                      

                    	 	 	 	 	 	 	 	 	 	 
      	 
	
                      
                        Retained
      Earnings - Pre-Petition

                      

                    	 	 	(494,870,829	)	 	 	(494,870,829	)	 	 
      	 
	
                      
                        Retained
      Earnings - Post-petition

                      

                    	 	 	9,547,080	 	 	 	6,094,860	 	 	 
      	 
	
                      
                        Adjustments
      to Owner Equity (attach
      schedule)

                      

                    	 	 	 	 	 	 	 	 	 	 
      	 
	
                      
                        Post-petition
      Contributions (attach
      schedule)

                      

                    	 	 	 	 	 	 	 	 	 	 
      	 
	
                      
                        NET
      OWNERS 'EQUITY

                      

                    	 	 	(139,540,296	)	 	 	(142,992,516	)	 	 
      	 
	
                      
                        TOTAL
      LIABILITIES AND OWNERS' EQUITY

                      

                    	 	 	238,173,160	 	 	 	233,784,566	 	 	 
      	 

            

            
              
                 

              

              
                 

                
                  

                

              

              
                 

              

            

          

           

        

      

      
        	
                In
      re

              	
                CHARYS
      HOLDING COMPANY, INC

              	
                Case
      No.

              	 	
                08-10289
      (BLS)

              
	 
      	 
      	
                Reporting
      Period:

              	 	
                July
      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

                

              	 	 	75,563	 	 	 	57,579	 	 	 
      	 
	
                
                  Deposits

                

              	 	 	18,378	 	 	 	18,378	 	 	 
      	 
	
                
                  Other
      Assets

                

              	 	 	 	 	 	 	 	 	 	 
      	 
	
                
                  Investment
      in subsidiaries

                

              	 	 	51,730,447	 	 	 	48,400,982	 	 	 
      	 
	 
      	 	 	 	 	 	 	 	 	 	 
      	 
	 
      	 	 	 	 	 	 	 	 	 	 
      	 
	
                
                  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

                

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