Balance Sheet of Crochet & Borel Services, Inc. filed with the United States Bankruptcy Court, District of Delaware, on August 19, 2008, Case No. 08-10290

EX-10.17 18 ex10_17.htm EXHIBIT 10.17 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.