BALANCESHEET

EX-10.6 7 ex10_6.htm EXHIBIT 10.6 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