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Reorganization Items, Net
6 Months Ended
Jun. 30, 2021
Reorganization Items, Net  
NOTE 9 - Reorganization Items, Net

9. Reorganization Items, Net

 

The Debtors have incurred and will continue to incur costs associated with the reorganization, including professional and consulting fees. Charges associated with the Chapter 11 Cases are recorded as reorganization items in the Company’s condensed consolidated statements of operations. For the three months ended June 30, 2021, the Company incurred $952,800 of such expenses, all of which was comprised of professional fees. The Company paid $453,700 during the three months ended June 30, 2021 and $499,100 is recorded in accrued liabilities in the accompanying unaudited condensed consolidated balance sheet as of June 30, 2021.