8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of report (Date of earliest event reported): May 20, 2017

 GRANDPARENTS.COM, INC.

(Exact Name of Registrant as Specified in Its Charter)

Delaware	000-21537	93-1211114
(State or other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

589 Eighth Avenue, 6th Floor
New York, NY	10018
(Address of Principle Executive Offices)	(Zip Code)

 

Registrant’s Telephone Number, Including Area Code    (646) 839-8800

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01. Regulation FD Disclosure.

As previously disclosed, on April 14, 2017, Grandparents.com, Inc. (the “Company”) and its wholly-owned subsidiary Grand Card, LLC ("Grand Card") each filed a voluntary petition for relief under Chapter 11 of Title 11 of the United States Bankruptcy Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Southern District of Florida (Miami Division) (the “Bankruptcy Court”), In re: Grandparents.com, Inc., Case No. 17-14711 (the “Chapter 11 Filing”). On May 23, 2017, the Company and Grand Card each filed a monthly operating report for the period from April 14, 2017 through April 30, 2017 (the “Operating Reports”) with the Bankruptcy Court. The Operating Reports, including an addendum to the Company's operating report, are attached hereto as Exhibits 99.1, 99.2, and 99.3 and are furnished pursuant to this Item 7.01.

The Operating Reports are limited in scope, cover a limited time period, and have been prepared solely for the purpose of complying with reporting requirements of the Bankruptcy Court and the Bankruptcy Code, 11 U.S.C. §§ 101-1532. The financial information contained in the Operating Reports is preliminary and unaudited and does not purport to show the financial statements of the Company or Grand Card in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and, therefore, may exclude items required by GAAP, such as certain reclassifications, eliminations, accruals, and disclosure items. The Company cautions readers not to place undue reliance on the Operating Reports. The Operating Reports may be subject to revision. The Operating Reports are in a format required by the Bankruptcy Court and the Bankruptcy Code and should not be used for investment purposes. The information in the Operating Reports should not be viewed as indicative of future results.

Limitation on Incorporation by Reference

The Operating Reports are being furnished for informational purposes only and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall the Operating Reports be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended. Registration statements or other documents filed with the U.S. Securities and Exchange Commission shall not incorporate the Operating Reports or any other information set forth in this Current Report on Form 8-K by reference, except as otherwise expressly stated in such filing. This Current Report on Form 8-K will not be deemed an admission as to the materiality of any information in the report that is disclosed.

Item 8.01. Other Events.

As previously disclosed, the Company terminated Riaz Latifullah as its Chief Financial Officer on December 11, 2015. Mr. Latifullah filed a complaint with the Occupational Safety and Health Administration ("OSHA") on December 28, 2015 and with the American Arbitration Association ("AAA") on November 17, 2016 alleging retaliatory employment practices in violation of the whistleblower provisions of the Sarbanes-Oxley Act and breach of employment contract seeking. Mr. Latifullah sought $10 million in damages in his AAA complaint and $5 million in damages in his OSHA complaint, each of which the Company contested.

On March 20, 2017, the Company and Mr. Latifullah settled the AAA matter for $40,000, and in connection with the AAA settlement, the Company requested that the OSHA matter be terminated. The Company received a letter from OSHA dated May 16, 2017 notifying it that OSHA had closed its investigation into the complaint filed by Mr. Latifullah against the Company.

Forward-looking statements

Any statements in this Current Report on Form 8-K that are not historical facts are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Readers are advised that such forward-looking statements are subject to risks and uncertainties that could significantly affect actual results from those expressed in any such statements. Readers are directed to the Company’s Current Report on Form 8-K filed on April 22, 2017 for a discussion of such risks and uncertainties. Such risks and uncertainties include, among other things, our ability to reach an agreement with respect to any restructuring, our ability to meet our liquidity needs, the impact of the Chapter 11 Filings on our financial results, whether we will be able to obtain confirmation of a Chapter 11 plan of liquidation, whether we will be able to exit bankruptcy, and whether our cases will be converted to Chapter 7 cases. Statements included in this Current Report on Form 8-K are based upon information known to the Company as of the date of this report, and the Company assumes no obligation to update or revise the forward-looking statements contained in this report, except as required by law.

Item 9.01.    Financial Statement and Exhibits.

(d) Exhibits

Exhibit No.	Description
99.1	Monthly Operating Report of Grandparents.com, Inc. for the period from April 14, 2017 through April 30, 2017.
99.2	Monthly Operating Report of Grand Card, LLC for the period from April 14, 2017 through April 30, 2017.
99.3	Addendum to Grandparents.com, Inc. Monthly Operating Report.

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

May 23, 2017	By:	/s/Joshua Rizack
		Joshua Rizack
		Chief Restructuring Officer

3

  EXHIBIT INDEX

Exhibit No.	Description
99.1	Monthly Operating Report of Grandparents.com, Inc. for the period from April 14, 2017 through April 30, 2017.
99.2	Monthly Operating Report of Grand Card, LLC for the period from April 14, 2017 through April 30, 2017.
99.3	Addendum to Grandparents.com, Inc. Monthly Operating Report.

4

EX-99.1

Exhibit 99.1

UNITED STATES BANKRUPTCY COURT

SOUTHERN DISTRICT OF FLORIDA (MIAMI)

In re	GRANDPARENTS.COM, INC.	Case No .	17-14711
	Debtor	Reporting Period :	APRIL 14th to 30th, 2017
		Federal Tax I.D. #	93 - XXXX114
	CORPORATE MONTHLY OPERATING REPORT
	File with the Court and submit a copy to the United States Trustee within 20 days after the end of the month and
	submit a copy of the report to any official committee appointed in the case.
	(Reports for Rochester and Buffalo Divisions of Western District of New York are due 15 days after the end of
	the month, as are the reports for Southern District of New York.)

REQUIRED DOCUMENTS	Form No.	Document Attached	Explanation Attached
Schedule of Cash Receipts and Disbursements	MOR-1	x
Bank Reconciliation (or copies of debtor's bank reconciliations)	MOR-1 (CON'T)	x
Copies of bank statements
Cash disbursements journals
Statement of Operations	MOR-2	x
Balance Sheet	MOR-3	x
Status of Post-petition Taxes	MOR-4	x
Copies of IRS Form 6123 or payment receipt
Copies of tax returns filed during reporting period
Summary of Unpaid Post-petition Debts	MOR-4	x
Listing of Aged Accounts Payable
Accounts Receivable Reconciliation and Aging	MOR-5	x
Taxes Reconciliation and Aging	MOR-5	x
Payments to Insiders and Professional	MOR-6	x
Post Petition Status of Secured Notes, Leases Payable	MOR-6	x
Debtor Questionnaire	MOR-7	x

I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents
are true and correct to the best of my knowledge and belief.
Signature of Debtor	Date
Signature of Authorized Individual* /s/ Joshua Rizack	Date	5/22/2017
Joshua Rizack, in his sole capacity as Chief Restructuring Officer
*Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtoris a
partnership; a manager or member if debtor is a limited liability company.

1

In re	GRANDPARENTS.COM, INC.	Case No.	17-14711
	Debtor	Reporting Period:	APRIL 14th to 30th, 2017
	SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

Amounts reported should be from the debtor’s books and not the bank statement. The beginning cash should be the ending cash from the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the "CURRENT MONTH - ACTUAL” column must equal the sum of the four bank account columns. Attach copies of the bank statements and the cash disbursements journal. The total disbursements listed in the disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each account. [See MOR-1 (CON’T)]

	BANK ACCOUNTS
ACCOUNT NUMBER (LAST 4)	OPERATING CHASE A/C XXXX5150	D I P TD BANK A/C XXXX7160	TAX	OTHER	CURRENT MONTH ACTUAL (TOTAL OF ALL ACCOUNTS)
CASH BEGINNING APRIL 14TH	52067	0			52067
RECEIPTS
CASH SALES
REVERSAL DUPLICATE PAYMENT ADP & AND PAY TO MAILCHIMP	19880				19880
ACCOUNTS RECEIVABLE		3209			3209
LOANS AND ADVANCES
SALE OF ASSETS
OTHER (ATTACH LIST)					0
TRANSFERS (FROM DIP ACCTS)		48753			48753
TOTAL RECEIPTS	19880	51962			71842
DISBURSEMENTS
NET PAYROLL ADP		16538			16538
PAYROLL TAXES ADP		9841			9841
SALES, USE, & OTHER TAXES
INVENTORY PURCHASES
SECURED/ RENTAL/ LEASES	214				214
INSURANCE
ADMINISTRATIVE	363	50			413
SELLING
OTHER DUPLICATED PAYMENTS	19880				19880
OWNER DRAW *
TRANSFERS (TO DIP ACCTS)	48753				48753
PROFESSIONAL FEES
U.S. TRUSTEE QUARTERLY FEES
COURT COSTS
TOTAL DISBURSEMENTS	69210	26429			95639
NET CASH FLOW	-49330	25533			-23797
(RECEIPTS LESS DISBURSEMENTS)
CASH – END OF MONTH	2737	25533			28270
* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES: (FROM CURRENT MONTH ACTUAL COLUMN)

TOTAL DISBURSEMENTS	95639
LESS: TRANSFERS TO OTHER DEBTOR IN POSSESSION ACCOUNTS and REVERSALS	-68633
PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. from escrow accounts)
TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES	27006

2

In re	GRANDPARENTS.COM, INC.	Case No.	17-14711
	Debtor	Reporting Period:	APRIL 14th to 30th, 2017
	BANK RECONCILIATIONS
	Continuation Sheet for MOR-1
	A bank reconciliation must be included for each bank account. The debtor's bank reconciliation may be substituted for this page.
	(Bank account numbers may be redacted to last four numbers.)

	Operating	DIP	Tax	Other
	CHASE 5150	TD 7160	#	#
BALANCE PER BOOKS	2737	25533
BANK BALANCE	2737	25533
(+) DEPOSITS IN TRANSIT (ATTACH LIST)
(-) OUTSTANDING CHECKS (ATTACH LIST):
OTHER (ATTACH EXPLANATION)
ADJUSTED BANK BALANCE *	2737	25533
*"Adjusted Bank Balance" must equal "Balance per Books"
DEPOSITS IN TRANSIT	Date	Amount	Date	Amount
CHECKS OUTSTANDING	Ck. #	Amount	Ck. #	Amount

OTHER

3

In re	GRANDPARENTS.COM, INC.	Case No.	17-14711
	Debtor	Reporting Period:	April 14 - 30, 2017
	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 OF APRIL	CUMULATIVE -FILING TO DATE
Gross Revenues	3315	3315
Less: Returns and Allowances
Net Revenue	3315	3315
COST OF GOODS SOLD
Beginning Inventory
Add: Purchases
Add: Cost of Labor
Add: Other Costs (attach schedule)
Less: Ending Inventory
Cost of Goods Sold	0	0
Gross Profit	3315	3315
OPERATING EXPENSES
Advertising
Auto and Truck Expense
Bad Debts
Bank & Merchant fFees	246	246
Employee Benefits Programs
Executive Salaries - Gross	17133	17133
Insurance	20803	20803
Management Fees/Bonuses
Office Expense	659	659
Pension & Profit-Sharing Plans
Repairs and Maintenance
Rent and Lease Expense
Staff Salaries - Gross	7312	7312
Supplies
Taxes - Payroll	4776	4776
Taxes - Real Estate
Taxes - Other
Travel and Entertainment
Utilities
Other (attach schedule)
Total Operating Expenses Before Depreciation	50929	50929
Depreciation/Depletion/Amortization	0	0
Net Profit (Loss) Before Other Income & Expenses	-47614	-47614
OTHER INCOME AND EXPENSES
Other Income (attach schedule)
Interest Expense	1250	1250
Other Expense (attach schedule)
Net Profit (Loss) Before Reorganization Items	-48864	-48864
REORGANIZATION ITEMS
Professional Fees	177479	177479
U. S. Trustee Quarterly Fees
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	177479	177479
Income Taxes
Net Profit (Loss)	-226343	-226343
*"Insider" is defined in 11 U.S.C. Section 101(31).

BREAKDOWN OF “OTHER” CATEGORY

OTHER COSTS

OTHER OPERATIONAL EXPENSES

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.

4

In re	GRANDPARENTS.COM, INC.	Case No.	17-14711
	Debtor	Reporting Period:	April 14 - 30, 2017
	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	28270		52067
Restricted Cash and Cash Equivalents (see continuation sheet)
Accounts Receivable (Net)	106		3500
Intercompany Receivable e
Deposits	76500		76500
Prepaid Expenses
Professional Retainers	150974		150974
Other Current Assets (attach schedule)
TOTAL CURRENT ASSETS	255850	0	283041
PROPERTY & EQUIPMENT
Real Property and Improvements
Computer equpment and Software	3937		3937
Furniture, Fixtures and Office Equipment	3224		3224
Internet Domain & Website	450000		450000
Other tax refund	137		137
Less: Accumulated Depreciation
TOTAL PROPERTY & EQUIPMENT	457298	0	457298
OTHER ASSETS
Amounts due from Insiders*	1511765		1511765
Other Assets NOLs	1338667		1338667
TOTAL OTHER ASSETS	2850432	0	2850432
TOTAL ASSETS	3563580	0	3590771
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 and accruals	21673		0
Taxes Payable (refer to FORM MOR-4)
Wages Payable
Notes Payable
Rent / Leases - Building/Equipment
Secured Debt / Adequate Protection Payments
Professional Fees	177479
Amounts Due to Insiders*
Other Post-petition Liabilities (attach schedule)
TOTAL POST-PETITION LIABILITIES	199152	0	0
LIABILITIES SUBJECT TO COMPROMISE (Pre-Petition)
Secured Debt VB Funding	9827622		9827622
Priority Debt	0		0
Unsecured Debt	3650445		3650445
TOTAL PRE-PETITION LIABILITIES	13478067	0	13478067
TOTAL LIABILITIES	13677219	0	13478067
OWNERS' EQUITY
Capital Stock
Additional Paid-In Capital
Partners' Capital Account
Owner's Equity Account
Retained Earnings - Pre-Petition	-9887296		-9887296
Retained Earnings - Post-petition	-226343
Adjustments to Owner Equity (attach schedule)
Post-petition Contributions (attach schedule)
NET OWNERS’ EQUITY	-10113639	0	-9887296
TOTAL LIABILITIES AND OWNERS' EQUITY	3563580	0	3590771
*"Insider" is defined in 11 U.S.C. Section 101(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
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.

5

In re	GRANDPARENTS.COM, INC.	Case No.	17-14711
	Debtor	Reporting Period:	April 14 - 30, 2017
	STATUS OF POST-PETITION TAXES
	The beginning tax liability should be the ending liability from the prior month or, if this is the first report, the
	amount should be zero.
	Attach photocopies of IRS Form 6123 or payment receipt to verify payment or deposit of federal payroll taxes.
	Attach photocopies of any tax returns filed during the reporting period.

Federal	Beginning Tax	Amount Withheld and/or Accrued	Amount Paid	Date Paid	Check # or EFT	Ending Tax
Withholding
FICA-Employee
FICA-Employer
Unemployment
Income
Other:_____________
Total Federal Taxes
State and Local
Withholding
Sales
Excise
Unemployment
Real Property
Personal Property
Other:_____________
Total State and Local
Total Taxes

SUMMARY OF UNPAID POST-PETITION DEBTS

Attach aged listing of accounts payable.

		Number of Days Past Due
	Current	0-30	31-60	61-90	Over 91	Total
Accounts Payable & accruals	21673					21673
Wages Payable						0
Taxes Payable						0
Rent/Leases-Building						0
Rent/Leases-Equipment						0
Professional Fees	43739					43739
Professional Fees	133740					133740
Amounts Due to Insiders						0
Other:______________						0
Other:______________						0
Total Post-petition Debts	199152	0	0	0	0	199152
Explain how and when the Debtor intends to pay any past due post-petition debts.

6

In re	GRANDPARENTS.COM, INC.			Case No.	17-14711
	Debtor			Reporting Period:	APRIL 14th to 30th, 2017
	ACCOUNTS RECEIVABLE RECONCILIATION AND AGING
	Accounts Receivable Reconciliation		Amount
	Total Accounts Receivable at the beginning of the reporting period
	Plus: Amounts billed during the period
	Less: Amounts collected during the period
	Total Accounts Receivable at the end of the reporting period
	Accounts Receivable Aging	0-30 Days	31-60 Days	61-90 Days	91+ Days	Total
	0 - 30 days old
	31 - 60 days old
	61 - 90 days old
	91+ days old
	Total Accounts Receivable
	Less: Bad Debts (Amount considered uncollectible)
	Net Accounts Receivable
	TAXES RECONCILIATION AND AGING
	Taxes Payable	0-30 Days	31-60 Days	61-90 Days	91+ Days	Total
	0 - 30 days old
	31 - 60 days old
	61 - 90 days old
	91+ days old
	Total Taxes Payable
	Total Accounts Payable

7

In re	GRANDPARENTS.COM, INC.			Case No.	17-14711
	Debtor			Reporting Period:	APRIL 14th to 30th, 2017
	PAYMENTS TO INSIDERS AND PROFESSIONALS
	Of the total disbursements shown on the Cash Receipts and Disbursements Report (MOR-1) list the amount paid to insiders (as defined in Section 101(31) (A)-(F) of the U.S. Bankruptcy Code) and to professionals. For payments to insiders, identify the type of compensation paid (e.g. Salary, Bonus, Commissions, Insurance, Housing Allowance, Travel, Car Allowance, Etc.). Attach additional sheets if necessary.
	INSIDERS
	NAME	TYPE OF PAYMENT	AMOUNT PAID	TOTAL PAID TO DATE
	TOTAL PAYMENTS TO INSIDERS
	PROFESSIONALS
	NAME	DATE OF COURT ORDER AUTHORIZING PAYMENT	AMOUNT APPROVED	AMOUNT PAID	TOTAL PAID TO DATE	TOTAL INCURRED & UNPAID*
	TOTAL PAYMENTS TO PROFESSIONALS
	* INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED
	POST-PETITION STATUS OF SECURED NOTES, LEASES PAYABLE
	AND ADEQUATE PROTECTION PAYMENTS
	NAME OF CREDITOR	SCHEDULED MONTHLY PAYMENT DUE	AMOUNT PAID DURING MONTH	TOTAL UNPAID POST-PETITION
	TOTAL PAYMENTS

8

In re	GRANDPARENTS.COM, INC.	Case No.	17-14711
	Debtor	Reporting Period:	April 14 - 30, 2017
	DEBTOR QUESTIONNAIRE

	Must be completed each month. If the answer to any of the questions is “Yes”, provide a detailed explanation of each item. Attach additional sheets if necessary.	Yes	No
1	Have any assets been sold or transferred outside the normal course of business this reporting period?		X
2	Have any funds been disbursed from any account other than a debtor in possession account this reporting period?		X
3	Is the Debtor delinquent in the timely filing of any post-petition tax returns?		X
4	Are workers compensation, general liability or other necessary insurance coverages expired or cancelled, or has the debtor received notice of expiration or cancellation of such policies?		X
5	Is the Debtor delinquent in paying any insurance premium payment?		X
6	Have any payments been made on pre-petition liabilities this reporting period?		X
7	Are any post petition receivables (accounts, notes or loans) due from related parties?		X
8	Are any post petition payroll taxes past due?		X
9	Are any post petition State or Federal income taxes past due?		X
10	Are any post petition real estate taxes past due?		X
11	Are any other post petition taxes past due?		X
12	Have any pre-petition taxes been paid during this reporting period?		X
13	Are any amounts owed to post petition creditors delinquent?		X
14	Are any wage payments past due?		X
15	Have any post petition loans been been received by the Debtor from any party?		X
16	Is the Debtor delinquent in paying any U.S. Trustee fees?		X
17	Is the Debtor delinquent with any court ordered payments to attorneys or other professionals?		X
18	Have the owners or shareholders received any compensation outside of the normal course of business?		X

9

EX-99.2

Exhibit 99.2

	UNITED STATES BANKRUPTCY COURT
	SOUTHERN DISTRICT OF FLORIDA (MIAMI)
In re	GRAND CARD LLC	Case No.	17-14704
	Debtor	Reporting Period:	APRIL 14th to 30th, 2017
		Federal Tax I.D. #	46 - XXXX030
	CORPORATE MONTHLY OPERATING REPORT
	File with the Court and submit a copy to the United States Trustee within 20 days after the end of the month and
	submit a copy of the report to any official committee appointed in the case.
	(Reports for Rochester and Buffalo Divisions of Western District of New York are due 15 days after the end of
	the month, as are the reports for Southern District of New York.)

REQUIRED DOCUMENTS	Form No.	Document Attached	Explanation Attached
Schedule of Cash Receipts and Disbursements	MOR-1	x
Bank Reconciliation (or copies of debtor's bank reconciliations)	MOR-1 (CON'T)	x
Copies of bank statements
Cash disbursements journals
Statement of Operations	MOR-2	x
Balance Sheet	MOR-3	x
Status of Post-petition Taxes	MOR-4	x
Copies of IRS Form 6123 or payment receipt
Copies of tax returns filed during reporting period
Summary of Unpaid Post-petition Debts	MOR-4	x
Listing of Aged Accounts Payable
Accounts Receivable Reconciliation and Aging	MOR-5	x
Taxes Reconciliation and Aging	MOR-5	x
Payments to Insiders and Professional	MOR-6	x
Post Petition Status of Secured Notes, Leases Payable	MOR-6	x
Debtor Questionnaire	MOR-7	x

I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents
are true and correct to the best of my knowledge and belief.
Signature of Debtor	Date
Signature of Authorized Individual*	Date
Joshua Rizack, in his sole capacity as Chief Restructuring Officer	Date
*Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtoris a
partnership; a manager or member if debtor is a limited liability company.

In re	GRAND CARD LLC	Case No.	17-14704
	Debtor	Reporting Period:	APRIL 14th to 30th, 2017
	SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS
	Amounts reported should be from the debtor’s books and not the bank statement. The beginning cash should be the ending cash from the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the "CURRENT MONTH - ACTUAL” column must equal the sum of the four bank account columns. Attach copies of the bank statements and the cash disbursements journal. The total disbursements listed in the disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each account. [See MOR-1 (CON’T)]

	BANK ACCOUNTS
ACCOUNT NUMBER (LAST 4)	OPERATING CHASE A/C XXXX8598	D I P TD BANK A/C XXXX7227	TAX	OTHER	CURRENT MONTH ACTUAL (TOTAL OF ALL ACCOUNTS)
CASH BEGINNING APRIL 14TH	1841	0			1841
RECEIPTS
CASH SALES
ACCOUNTS RECEIVABLE - PREPETITION
ACCOUNTS RECEIVABLE - POSTPETITION
LOANS AND ADVANCES
SALE OF ASSETS
OTHER (ATTACH LIST)
TRANSFERS (FROM DIP ACCTS)		1841			1841
TOTAL RECEIPTS	0	1841			1841
DISBURSEMENTS
NET PAYROLL
PAYROLL TAXES
SALES, USE, & OTHER TAXES
INVENTORY PURCHASES
SECURED/ RENTAL/ LEASES
INSURANCE
ADMINISTRATIVE
SELLING
OTHER (ATTACH LIST)
OWNER DRAW *
TRANSFERS (TO DIP ACCTS)	1841				1841
PROFESSIONAL FEES
U.S. TRUSTEE QUARTERLY FEES
COURT COSTS
TOTAL DISBURSEMENTS	1841	0			1841
NET CASH FLOW	-1841	1841			0
(RECEIPTS LESS DISBURSEMENTS)
CASH – END OF MONTH	0	1841			1841
* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES: (FROM CURRENT MONTH ACTUAL COLUMN)

TOTAL DISBURSEMENTS

    LESS: TRANSFERS TO OTHER DEBTOR IN POSSESSION ACCOUNTS

    PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. from escrow accounts)

TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES

In re	GRAND CARD LLC	Case No.	17-14704
	Debtor	Reporting Period:	APRIL 14th to 30th, 2017
	BANK RECONCILIATIONS
	Continuation Sheet for MOR-1
	A bank reconciliation must be included for each bank account. The debtor's bank reconciliation may be substituted for this page.
	(Bank account numbers may be redacted to last four numbers.)

	Operating	DIP	Tax	Other
	CHASE 8598	TD 7227	#	#
BALANCE PER BOOKS	0	1841
BANK BALANCE	0	1841
(+) DEPOSITS IN TRANSIT (ATTACH LIST)
(-) OUTSTANDING CHECKS (ATTACH LIST):
OTHER (ATTACH EXPLANATION)
ADJUSTED BANK BALANCE *	0	1841
*"Adjusted Bank Balance" must equal "Balance per Books"
DEPOSITS IN TRANSIT	Date	Amount	Date	Amount
CHECKS OUTSTANDING	Ck. #	Amount	Ck. #	Amount

OTHER

In re	GRAND CARD LLC	Case No.	17-14704
	Debtor	Reporting Period:	April 14 - 30, 2017
	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 OF APRIL	CUMULATIVE -FILING TO DATE
Gross Revenues	0	0
Less: Returns and Allowances
Net Revenue	0	0
COST OF GOODS SOLD
Beginning Inventory
Add: Purchases
Add: Cost of Labor
Add: Other Costs (attach schedule)
Less: Ending Inventory
Cost of Goods Sold	0	0
Gross Profit	0	0
OPERATING EXPENSES
Advertising	65	65
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
Travel and Entertainment
Utilities
Other (attach schedule)
Total Operating Expenses Before Depreciation	65	65
Depreciation/Depletion/Amortization	0	0
Net Profit (Loss) Before Other Income & Expenses	-65	-65
OTHER INCOME AND EXPENSES
Other Income (attach schedule)
Interest Expense
Other Expense (attach schedule)
Net Profit (Loss) Before Reorganization Items	-65	-65
REORGANIZATION ITEMS
Professional Fees
U. S. Trustee Quarterly Fees
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	0	0
Income Taxes
Net Profit (Loss)	-65	-65
*"Insider" is defined in 11 U.S.C. Section 101(31).

BREAKDOWN OF “OTHER” CATEGORY

OTHER COSTS

OTHER OPERATIONAL EXPENSES

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.

In re	GRAND CARD LLC	Case No.	17-14704
	Debtor	Reporting Period:	April 14 - 30, 2017
	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	1841		1841
Restricted Cash and Cash Equivalents (see continuation sheet)
Accounts Receivable (Net)
Intercompany Receivable GP Insurance	2000		2000
Deposits	10000		10000
Prepaid Expenses	360073		360073
Professional Retainers
Other Current Assets (attach schedule)
TOTAL CURRENT ASSETS	373914	0	373914
PROPERTY & EQUIPMENT
Real Property and Improvements
Machinery and Equipment
Furniture, Fixtures and Office Equipment
Leasehold Improvements
Other
Less: Accumulated Depreciation
TOTAL PROPERTY & EQUIPMENT	0	0	0
OTHER ASSETS
Amounts due from Insiders*
Other Assets
TOTAL OTHER ASSETS	0	0	0
TOTAL ASSETS	373914	0	373914
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	65		0
Taxes Payable (refer to FORM MOR-4)
Wages Payable
Notes Payable
Rent / Leases - Building/Equipment
Secured Debt / Adequate Protection Payments
Professional Fees
Amounts Due to Insiders*	992448		992448
Other Post-petition Liabilities (attach schedule)
TOTAL POST-PETITION LIABILITIES	992513	0	992448
LIABILITIES SUBJECT TO COMPROMISE (Pre-Petition)
Secured Debt			0
Priority Debt			0
Unsecured Debt	11263357		11263357
TOTAL PRE-PETITION LIABILITIES	11263357	0	11263357
TOTAL LIABILITIES	12255870	0	12255805
OWNERS' EQUITY
Capital Stock
Additional Paid-In Capital
Partners' Capital Account
Owner's Equity Account
Retained Earnings - Pre-Petition	-11881891		-11881891
Retained Earnings - Post-petition	-65
Adjustments to Owner Equity (attach schedule)
Post-petition Contributions (attach schedule)
NET OWNERS’ EQUITY	-11881956	0
TOTAL LIABILITIES AND OWNERS' EQUITY	373914	0	373914
*"Insider" is defined in 11 U.S.C. Section 101(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
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.

In re	GRAND CARD LLC	Case No.	17-14704
	Debtor	Reporting Period:	April 14 - 30, 2017
	STATUS OF POST-PETITION TAXES
	The beginning tax liability should be the ending liability from the prior month or, if this is the first report, the
	amount should be zero.
	Attach photocopies of IRS Form 6123 or payment receipt to verify payment or deposit of federal payroll taxes.
	Attach photocopies of any tax returns filed during the reporting period.

Federal	Beginning Tax	Amount Withheld and/or Accrued	Amount Paid	Date Paid	Check # or EFT	Ending Tax
Withholding
FICA-Employee
FICA-Employer
Unemployment
Income
Other:_____________
Total Federal Taxes
State and Local
Withholding
Sales
Excise
Unemployment
Real Property
Personal Property
Other:_____________
Total State and Local
Total Taxes

SUMMARY OF UNPAID POST-PETITION DEBTS
Attach aged listing of accounts payable.
	Number of Days Past Due

	Current	0-30	31-60	61-90	Over 91	Total
Accounts Payable	65					65
Wages Payable						0
Taxes Payable						0
Rent/Leases-Building						0
Rent/Leases-Equipment						0
Secured Debt/Adequate Protection Payments						0
Professional Fees						0
Amounts Due to Insiders						0
Other:______________						0
Other:______________						0
Total Post-petition Debts	65	0	0	0	0	65
Explain how and when the Debtor intends to pay any past due post-petition debts.

In re	GRAND CARD LLC		Case No.	17-14704
	Debtor	Reporting Period:		APRIL 14th to 30th, 2017
	ACCOUNTS RECEIVABLE RECONCILIATION AND AGING
	Accounts Receivable Reconciliation	Amount
	Total Accounts Receivable at the beginning of the reporting period
	Plus: Amounts billed during the period
	Less: Amounts collected during the period
	Total Accounts Receivable at the end of the reporting period

Accounts Receivable Aging	0-30 Days	31-60 Days	61-90 Days	91+ Days	Total
0 - 30 days old
31 - 60 days old
61 - 90 days old
91+ days old
Total Accounts Receivable
Less: Bad Debts (Amount considered uncollectible)
Net Accounts Receivable

TAXES RECONCILIATION AND AGING

Taxes Payable	0-30 Days	31-60 Days	61-90 Days	91+ Days	Total
0 - 30 days old
31 - 60 days old
61 - 90 days old
91+ days old
Total Taxes Payable
Total Accounts Payable

In re	GRAND CARD LLC	Case No.	17-14704
	Debtor	Reporting Period:	APRIL 14th to 30th, 2017
	PAYMENTS TO INSIDERS AND PROFESSIONALS
	Of the total disbursements shown on the Cash Receipts and Disbursements Report (MOR-1) list the amount paid to insiders (as defined in Section 101(31) (A)-(F) of the U.S. Bankruptcy Code) and to professionals. For payments to insiders, identify the type of compensation paid (e.g. Salary, Bonus, Commissions, Insurance, Housing Allowance, Travel, Car Allowance, Etc.). Attach additional sheets if necessary.

INSIDERS
NAME	TYPE OF PAYMENT	AMOUNT PAID	TOTAL PAID TO DATE
TOTAL PAYMENTS TO INSIDERS

PROFESSIONALS
NAME	DATE OF COURT ORDER AUTHORIZING PAYMENT	AMOUNT APPROVED	AMOUNT PAID	TOTAL PAID TO DATE	TOTAL INCURRED & UNPAID*
TOTAL PAYMENTS TO PROFESSIONALS

* INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED

POST-PETITION STATUS OF SECURED NOTES, LEASES PAYABLE

AND ADEQUATE PROTECTION PAYMENTS

NAME OF CREDITOR	SCHEDULED MONTHLY PAYMENT DUE	AMOUNT PAID DURING MONTH	TOTAL UNPAID POST-PETITION
TOTAL PAYMENTS

In re	GRAND CARD LLC	Case No.	17-14704
	Debtor	Reporting Period:	April 14 - 30, 2017
	DEBTOR QUESTIONNAIRE

	Must be completed each month. If the answer to any of the questions is “Yes”, provide a detailed explanation of each item. Attach additional sheets if necessary.	Yes	No
1	Have any assets been sold or transferred outside the normal course of business this reporting period?		X
2	Have any funds been disbursed from any account other than a debtor in possession account this reporting period?		X
3	Is the Debtor delinquent in the timely filing of any post-petition tax returns?		X
4	Are workers compensation, general liability or other necessary insurance coverages expired or cancelled, or has the debtor received notice of expiration or cancellation of such policies?		X
5	Is the Debtor delinquent in paying any insurance premium payment?		X
6	Have any payments been made on pre-petition liabilities this reporting period?		X
7	Are any post petition receivables (accounts, notes or loans) due from related parties?		X
8	Are any post petition payroll taxes past due?		X
9	Are any post petition State or Federal income taxes past due?		X
10	Are any post petition real estate taxes past due?		X
11	Are any other post petition taxes past due?		X
12	Have any pre-petition taxes been paid during this reporting period?		X
13	Are any amounts owed to post petition creditors delinquent?		X
14	Are any wage payments past due?		X
15	Have any post petition loans been been received by the Debtor from any party?		X
16	Is the Debtor delinquent in paying any U.S. Trustee fees?		X
17	Is the Debtor delinquent with any court ordered payments to attorneys or other professionals?		X
18	Have the owners or shareholders received any compensation outside of the normal course of business?		X

EX-99.3

Exhibit 99.3

In re	GRANDPARENTS.COM, INC.	Case No.	17-14711
	Debtor	Reporting Period:	APRIL 14th to 30th, 2017
	ADDENDUM 1
	SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS FOR THE NON-DEBTORS
	AMERICAN GRANDPARENTS ASSOCIATION LLC (APA) and GRANDPARENTS INSURANCE SOLUTIONS LLC (GPIS)

	BANK ACCOUNTS
ACCOUNT NUMBER (LAST 4)	APA CHASE BANK A/C XXXX5251	GPIS CHASE BANK A/C XXXX1381	CURRENT MONTH ACTUAL (TOTAL OF ALL ACCOUNTS)
CASH BEGINNING APRIL 14TH	975	40000	40975
RECEIPTS
MEMBERSHIP REVENUE	570
MEDICARE		119	119
AETNA LIFE INSURANCE		1486	1486
LOANS AND ADVANCES
SALE OF ASSETS
OTHER (ATTACH LIST)
TRANSFERS (FROM DIP ACCTS)
TOTAL RECEIPTS	570	1605	1605
DISBURSEMENTS
NET PAYROLL ADP
PAYROLL TAXES ADP
SALES, USE, & OTHER TAXES
INVENTORY PURCHASES
SECURED/ RENTAL/ LEASES
INSURANCE		1117	1117
ADMINISTRATIVE	10	63	73
SELLING
OTHER DUPLICATED PAYMENTS
OWNER DRAW *
TRANSFERS (TO DIP ACCTS)
PROFESSIONAL FEES
U.S. TRUSTEE QUARTERLY FEES
COURT COSTS
TOTAL DISBURSEMENTS	10	1180	1190
NET CASH FLOW	560	425	985
(RECEIPTS LESS DISBURSEMENTS)
CASH – END OF MONTH	1535	40425	41960

BALANCE PER BANK	1535	40473
LESS: OUTSTANDING CHECKS	0	48
BALANCE PER B00K	1535	40425

In re	GRANDPARENTS.COM, INC.	Case No.	17-14711
	Debtor	Reporting Period:	April 14 - 30, 2017
	ADDENDUM 2
	STATEMENT OF OPERATIONS (Income Statement)
	GRANDPARENTS INSURANCE SOLUTIONS LLC
	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	APRIL 14-30	CUMULATIVE -FILING TO DATE
Gross Revenues	1605	1605
Less: Returns and Allowances
Net Revenue	1605	1605
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	1605	1605
OPERATING EXPENSES
Consultant Preferred Empoyers LLC	4167	4167
Auto and Truck Expense
Bad Debts
Bank & Merchant Fees	15	15
Employee Benefits Programs
Executive Salaries - Gross
Insurance	1105	1105
Management Fees/Bonuses
Office Expense
Pension & Profit-Sharing Plans
Repairs and Maintenance
Rent and Lease Expense
Staff Salaries - Gross
Supplies
Taxes - Payroll
Taxes - Real Estate
Taxes - Other
Travel and Entertainment
Utilities
Other (attach schedule)
Total Operating Expenses Before Depreciation	5287	5287
Depreciation/Depletion/Amortization	0	0
Net Profit (Loss) Before Other Income & Expenses	-3682	-3682

In re	GRANDPARENTS.COM, INC.	Case No.	17-14711
	Debtor	Reporting Period:	April 14 - 30, 2017
	ADDENDUM 3
	STATEMENT OF OPERATIONS (Income Statement)
	AMERICAN GRANDPARENTS ASSOCIATION LLC
	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	APRIL 14-30	CUMULATIVE -FILING TO DATE
Gross Revenues	570	570
Less: Returns and Allowances
Net Revenue	570	570
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	570	570
OPERATING EXPENSES
Consultant Preferred Empoyers LLC
Auto and Truck Expense
Bad Debts
Bank & Merchant Fees	10	10
Employee Benefits Programs
Executive Salaries - Gross
Insurance
Management Fees/Bonuses
Office Expense
Pension & Profit-Sharing Plans
Repairs and Maintenance
Rent and Lease Expense
Staff Salaries - Gross
Supplies
Taxes - Payroll
Taxes - Real Estate
Taxes - Other
Travel and Entertainment
Utilities
Other (attach schedule)
Total Operating Expenses Before Depreciation	10	10
Depreciation/Depletion/Amortization	0	0
Net Profit (Loss) Before Other Income & Expenses	560	560

In re	GRANDPARENTS.COM, INC.	Case No.	17-14711
	Debtor	Reporting Period:	April 14 - 30, 2017
	ADDENDUM 4
	BALANCE SHEET
	GRANDPARENTS INSURANCE SOLUTIONS LLC
	The Balance Sheet is to be completed on an accrual basis only.

ASSETS	BOOK VALUE AT END OF CURRENT REPORTING MONTH	BOOK VALUE AT END OF PRIOR REPORTING MONTH
CURRENT ASSETS
Unrestricted Cash and Equivalents	40425
Restricted Cash and Cash Equivalents (see continuation sheet)
Accounts Receivable (Net)	4250
Intercompany Receivable e
Deposits
Prepaid Expenses	1117
Professional Retainers
Other Current Assets (attach schedule)
TOTAL CURRENT ASSETS	45792	0
PROPERTY & EQUIPMENT
Real Property and Improvements
Computer equpment and Software
Furniture, Fixtures and Office Equipment
Internet Domain & Website
Other tax refund
Less: Accumulated Depreciation
TOTAL PROPERTY & EQUIPMENT	0	0
OTHER ASSETS
Amounts due from Insiders*
Other Assets NOLs
TOTAL OTHER ASSETS	0	0
TOTAL ASSETS	45792	0
LIABILITIES AND OWNER EQUITY	BOOK VALUE AT END OF CURRENT REPORTING MONTH	BOOK VALUE AT END OF PRIOR REPORTING MONTH
LIABILITIES NOT SUBJECT TO COMPROMISE (Postpetition)
Accounts Payable and accruals	10275
Taxes Payable (refer to FORM MOR-4)
Wages Payable
Notes Payable
Rent / Leases - Building/Equipment
Secured Debt / Adequate Protection Payments
Professional Fees
Amounts Due to Insiders*	528245
Other Post-petition Liabilities (attach schedule)
TOTAL POST-PETITION LIABILITIES	538520	0
LIABILITIES SUBJECT TO COMPROMISE (Pre-Petition)
Secured Debt VB Funding
Priority Debt	0
Unsecured Debt
TOTAL PRE-PETITION LIABILITIES	0	0
TOTAL LIABILITIES	538520	0
OWNERS' EQUITY
Capital Stock
Additional Paid-In Capital
Partners' Capital Account
Owner's Equity Account
Retained Earnings	-492728
Adjustments to Owner Equity (attach schedule)
Post-petition Contributions (attach schedule)
NET OWNERS’ EQUITY	-492728	0
TOTAL LIABILITIES AND OWNERS' EQUITY	45792	0

In re	GRANDPARENTS.COM, INC.	Case No.	17-14711
	Debtor	Reporting Period:	April 14 - 30, 2017
	ADDENDUM 5
	BALANCE SHEET
	AMERICAN GRANDPARENTS ASSOCIATION LLC
	The Balance Sheet is to be completed on an accrual basis only.

ASSETS	BOOK VALUE AT END OF CURRENT REPORTING MONTH	BOOK VALUE AT END OF PRIOR REPORTING MONTH
CURRENT ASSETS
Unrestricted Cash and Equivalents	1535
Restricted Cash and Cash Equivalents (see continuation sheet)
Accounts Receivable (Net)
Intercompany Receivable e
Deposits
Prepaid Expenses
Professional Retainers
Other Current Assets (attach schedule)
TOTAL CURRENT ASSETS	1535	0
PROPERTY & EQUIPMENT
Real Property and Improvements
Computer equpment and Software
Furniture, Fixtures and Office Equipment
Internet Domain & Website
Other tax refund
Less: Accumulated Depreciation
TOTAL PROPERTY & EQUIPMENT	0	0
OTHER ASSETS
Amounts due from Insiders*
Other Assets NOLs
TOTAL OTHER ASSETS	0	0
TOTAL ASSETS	1535	0
LIABILITIES AND OWNER EQUITY	BOOK VALUE AT END OF CURRENT REPORTING MONTH	BOOK VALUE AT END OF PRIOR REPORTING MONTH
LIABILITIES NOT SUBJECT TO COMPROMISE (Postpetition)
Accounts Payable	1250
Prepaid Memberships	9871
Wages Payable
Notes Payable
Rent / Leases - Building/Equipment
Secured Debt / Adequate Protection Payments
Professional Fees
Amounts Due to Insiders*	18174
Other Post-petition Liabilities (attach schedule)
TOTAL POST-PETITION LIABILITIES	29295	0
LIABILITIES SUBJECT TO COMPROMISE (Pre-Petition)
Secured Debt VB Funding
Priority Debt	0
Unsecured Debt
TOTAL PRE-PETITION LIABILITIES	0	0
TOTAL LIABILITIES	29295	0
OWNERS' EQUITY
Capital Stock
Additional Paid-In Capital
Partners' Capital Account
Owner's Equity Account
Retained Earnings	-27760
Adjustments to Owner Equity (attach schedule)
Post-petition Contributions (attach schedule)
NET OWNERS’ EQUITY	-27760	0
TOTAL LIABILITIES AND OWNERS' EQUITY	1535	0