EX-99.2 3 exh_992.htm EXHIBIT 99.2

Exhibit 99.2 

 

UNITED STATES BANKRUPTCY COURT
MIDDLE DISTRICT OF FLORIDA
JACKSONVILLE DIVISION
 
  IN RE:   } CASE NUMBER  
  } 3:16-bk-02233-PMG  
  PREMIER EXHIBITIONS MANAGEMENT, LLC }  
  } JUDGE PAUL M. GLENN
  }  
  DEBTOR.   } CHAPTER 11  
 
  DEBTOR'S STANDARD MONTHLY OPERATING REPORT (BUSINESS)  
 
  FOR THE PERIOD  
  FROM April 1, 2017 TO April 30, 2017  
 
Comes now the above-named debtor and files its Monthly Operating Reports in accordance with the  
Guidelines established by the United States Trustee and FRBP 2015.  
 
       
  Attorney for Debtor's Signature  
 
Debtor's Address   Attorney's Address  
and Phone Number:   and Phone Number:  
       
PREMIER EXHIBITIONS MANAGEMENT, LLC     NELSON MULLINS (Attn: Daniel Blanks)
               
3045 Kingston Court, Suite I       50 N. Laura Street, 41st Floor  
               
Peachtree Corners GA 30071       Jacksonville, FL 32202  
               
+1 (404) 842-2600       +1 (904) 665-3600    
 
Note: The original Monthly Operating Report is to be filed with the court and a copy simultaneously  
provided to the United States Trustee Office. Monthly Operating Reports must be filed by the 20th day  
of the following month.   
 
For assistance in preparing the Monthly Operating Report, refer to the following resources on the   
United States Trustee Program Website, http://www.usdoj.gov/ust/r21/reg_info.htm   
 
1)  Instructions for Preparations of Debtor’s Chapter 11 Monthly Operating Report   
2)  Initial Filing Requirements   
3)  Frequently Asked Questions (FAQs) http://www.usdoj.gov/ust/   

 

 

 

EXHIBIT LIST OF DOCUMENTS / FILES FOR US TRUSTEE
                           
  FOR THE PERIOD BEGINNING 1-Apr-17 AND ENDING 30-Apr-17                  
                           
  Name of Debtor: PREMIER EXHIBITIONS MANAGEMENT, LLC Case Number 3:16-bk-02233-PMG              
  Date of Petition: 14-Jun-16                      
                           
Premier Exhibitions Management, LLC                      
                           
Per MOR-2                        
SEE BALANCE SHEET & GENERAL LEDGER                      
EXHIBIT ITEM                        
1 Premier Exhibitions Management Balance Sheet 04-30-17                  
                           
SEE PROFIT & LOSS STATEMENT                      
EXHIBIT ITEM                        
2 Premier Exhibition Management Income Statement 04-30-17                  
                           
BANK STATEMENTS AND RECONCILIATIONS ATTACHED                    
EXHIBIT ITEM                        
- 03.2017 - 3309 TUT Account $0.00 (CLOSED)                    
3 04.2017 - 4747 Sweep                      
4 04.2017 - 9523 Check Clearing Account and Reconciliation                    
5 04.2017 - 9655 Sweep (Atlanta)                      
6 04.2017 - 9663 Sweep Online Sales                      
7 04.2017 - 9697 Operating Bank Account                    
8 04.2017 - 9705 Deposit Clearing Account                    
9 04.2017 - 9713 Payroll Clearing Bank Account                    
10 04.2017 - 9762 Sweep (Orlando)                
11 04.2017 - 9788 Sweep (Las Vegas)              
12 04.2017 - 10999 Undeposited Funds                      
                           
Per MOR-3       Per MOR-4              
EXHIBIT ITEM       EXHIBIT ITEM              
13 04.2017 Cash Transactions History       Please refer to MOR-2 Exhibit 1 named, Premier Exhibitions Management Balance Sheet 04-30-17
14 04.2017 Check Register     15 04.2017 Aged AR Detail            
          16 04.2017 AR Transactions            
            See above - 04.2017 Aged AR Detail          
Per MOR-5       Per MOR-6              
EXHIBIT ITEM       EXHIBIT ITEM              
17 04.2017 Aged AP Detail       Please refer to MOR-2 Exhibit 1 named, Premier Exhibitions Management Balance Sheet 04-30-17
18 04.2017 Pre- and Post-Petition AP Invoices   20 04.2017 12000 - Inventory            
19 04.2017 AP Transactions     21 04.2017 Inventory Aging            
                           
Per MOR-7                        
Please refer to MOR-2 and the files listed under BANK STATEMENTS AND RECONCILIATIONS ATTACHED          
                           
Per MOR-8                        
Please refer to MOR-3 Exhibit 14 named, 04.2017 Check Register                  
                           
Per MOR-9, MOR-10, MOR-11 and MOR-12                    
Please refer to MOR-2 and the files listed under BANK STATEMENTS AND RECONCILIATIONS ATTACHED          
In addition to MOR-2, the following documents support MOR-9                  
22 04.2017 Payroll (1)     25 04.2017 Payroll (4)            
23 04.2017 Payroll (2)     26 Payrolls as in previous exhibits          
24 04.2017 Payroll (3)     27 Payrolls as in previous exhibits          
                           
Per MOR-13                        
EXHIBIT ITEM                        
28 03.2017 - 10030 Petty Cash                      
                           
Per MOR-14                        
29 Paid Mar Sales Tax in Apr $27,774.52                      
Please refer to MOR-5 Exhibit 17 named, 04.2017 Aged AP Detail                  

 

 

 

SCHEDULE OF RECEIPTS AND DISBURSEMENTS  
  FOR THE PERIOD BEGINNING 1-Apr-17 AND ENDING 30-Apr-17    
             
Name of Debtor: PREMIER EXHIBITIONS MANAGEMENT, LLC   Case Number 3:16-bk-02233-PMG    
Date of Petition: 14-Jun-16          
             
SEE BALANCE SHEET & GENERAL LEDGER          
1 Premier Exhibitions Management Balance Sheet 04-30-17        
             
             
SEE PROFIT & LOSS STATEMENT          
2 Premier Exhibition Management Income Statement 04-30-17        
             
BANK STATEMENTS AND RECONCILATIONS ATTACHED          
- 03.2017 - 3309 TUT Account $0.00 (CLOSED)          
3 04.2017 - 4747 Sweep          
4 04.2017 - 9523 Check Clearing Account and Reconciliation        
5 04.2017 - 9655 Sweep (Atlanta)          
6 04.2017 - 9663 Sweep Online Sales          
7 04.2017 - 9697 Operating Bank Account          
8 04.2017 - 9705 Deposit Clearing Account          
9 04.2017 - 9713 Payroll Clearing Bank Account          
10 04.2017 - 9762 Sweep (Orlando)          
11 04.2017 - 9788 Sweep (Las Vegas)          
12 04.2017 - 10999 Undeposited Funds          
             
    Current month   Cumulative     
      Petition to date    
             
1. Funds at beginning of period per bank  $       1,054,197.08  ( a )   $     1,235,737.00 ( b )  
2. Receipts:            
3. Total receipts (lines 2A+2B+2C)          
4. Total funds available for operations (line 1+line 3)          
5. Disbursements          
6. Total Disbursements (sum of 5A thru W)          
7. Ending balance (line 4 minus line 6)  $       1,172,005.87  ( c )   $     1,172,005.87 ( c )  
             
I declare under penalty of perjury that this statement and the accompanying documents and reports are true and correct to the best of
my knowledge and belief.          
This      19th       day of   May, 2017. Signature /s/ Jerome Henshall    
f            
(a)This number is carried forward from last month’s report.  For the first report only, this number will be the       
    balance as of the petition date.          
(b)This figure will not change from month to month.  It is always the amount of funds on hand as of the date of     
     the petition.            
(c)These two amounts will always be the same if form is completed correctly.        

 

 

 

 SCHEDULE OF RECEIPTS AND DISBURSEMENTS     
 Detail of Other Receipts and Other Disbursements    
 OTHER RECEIPTS:    
 Describe Each Item of Other Receipt and List Amount of Receipt.  Write totals on Page MOR-2, Line 2C.    
          Cumulative    
Description      Current Month        Petition to Date    
               
               
SEE CASH TRANSACTION JOURNAL AND GENERAL LEDGER ATTACHED        
13 04.2017 Cash Transactions History          
               
               
TOTAL OTHER RECEIPTS    $                          -       $                         -       
               
 “Other Receipts” includes Loans from Insiders and other sources (i.e. Officer/Owner, related parties directors, related corporations, etc.).  Please describe below:
 
Loan amount Source of funds Purpose  Repayment schedule       
               
               
OTHER DISBURSEMENTS:            
Describe Each Item of Other Disbursement and List Amount of Disbursement.  Write totals on Page MOR-2, Line 5W.
          Cumulative    
Description      Current Month        Petition to Date    
               
SEE CHECK REGISTER ATTACHED AND GENERAL LEDGER          
14 04.2017 Check Register          
               
               
 TOTAL OTHER DISBURSEMENTS    $                          -       $                         -       
               
NOTE: Attach a current Balance Sheet and Income (Profit & Loss) Statement.      

 

 

 

Attachment 1    
Monthly Accounts Receivable Reconciliation and Aging    
     
Name of Debtor: PREMIER EXHIBITIONS MANAGEMENT, LLC Case Number: 3:16-bk-02233-PMG      
               
Reporting period beginning 1-Apr-17   Period ending 30-Apr-17      
               
ACCOUNTS RECEIVABLE AT PETITION DATE:  $   1,076,512.00        
               
               
Accounts receivable reconciliation    
(Include all accounts receivable, pre-petition and post-petition, including charge card sales which  
not been received): SEE BALANCE SHEET        
  SEE AR TRANSACTION REGISTER , AGED AR LISTING, GENERAL LEDGER    
  Premier Exhibitions Management Balance Sheet 04-30-17      
15 04.2017 Aged AR Detail      
16 04.2017 AR Transactions      
               
               
Beginning of Month Balance  $   1,229,237.84 ( a )      
Plus: current month new billings          
Minus: collection during the month   ( b )      
Plus/ minus: adjustments or writeoffs   *      
End of month balance    $   1,100,702.25 ( c )      
               
*For any adjustments or Write-offs provide explanation and supporting documentation, if applicable:    
               
               
               
POST PETITION ACCOUNTS RECEIVABLE AGING    
(Show the total for each aging category for all accounts receivable)    
               
0-30 days 31-60 days 61-90 days over 90 days Total      
               
   $                  -       $                        -     $                           -    ( c )    
SEE AGED AR LISTING            
See above - 04.2017 Aged AR Detail          
               
For any receivables in the “Over 90 Days” category, please provide the following:      
NO POST PETITION RECEIVABLES OVER 90 DAYS        
               
Customer   Receivable Date   Status (Collection efforts taken, estimate of collectibility
        write-off, disputed account, etc.)  
               
               
               
               
               
               
               
               
               
               
               
Total              $                    -   
               
(a) This number is carried forward from last month’s report.  For the first report only, this number will be zero.
(b) This must equal the number reported in the “Current Month” column of Schedule of Receipts and    
     Disbursements (Page MOR-2, Line 2B).          
(c) These two amounts must equal.          

 

 

 

Attachment 2      
Monthly Accounts Payable and secured payments report      
       
Name of Debtor: PREMIER EXHIBITIONS MANAGEMENT, LLC Case Number: 3:16-bk-02233-PMG        
                 
Reporting period beginning 1-Apr-17 Period ending 30-Apr-17        
                 
In the space below list all invoices or bills incurred and not paid since the filing of the petition.  Do not include amounts owed prior to filing the petition.  In the alternative, a computer generated list of payables may be attached provided all information requested below is included.      
     
                 
POST PETITION ACCOUNTS PAYABLE      
       
Date incurred Days outstanding Vendor Description Amount        
                 
SEE AGED AP LISTING              
17 04.2017 Aged AP Detail          
18 04.2017 Pre- and Post-Petition AP Invoices        
                 
                 
                 
                 
                 
                 
                 
                 
                 
                 
                 
                 
                 
                 
                 
                 
Total amount        $                                 -    ( b )      
                 
☐ Check here if pre-petition debts have been paid.  Attach an explanation and copies of supporting         
    documentation.              
                 
Accounts payable reconciliation (post petition unsecured debt only)      
SEE AP TRANSACTIONS,              
19 04.2017 AP Transactions            
                 
Opening Balance     ( a )        
PLUS: New indebtedness incurred this month            
MINUS: Amount paid on post petition            
Accounts payable this month  $                                                 -             
PLUS/MINUS: adjustments     $                                                 -    *        
End of month balance    $                                                 -    ( c )        
                 
*For any adjustments or Write-offs provide explanation and supporting documentation, if applicable:          
                 
Secured payments report      
List the status of Payments to Secured Creditors and Lessors (Post Petition Only).   If you have entered into a         
modification agreement with a secured creditor/lessor, consult with your attorney and the United States Trustee       
Program prior to completing this section).            
                 
                 
Secured Creditor / Date Payment Due This Month Amount Paid This Month* Number of Post Petition Total Amount of Post Petition
Lessor       Payments Delinquent Payments Delinquent  
                 
Feng Lange                
Haiping Zou                
Zhang Jihe                
Premier accrues interest each month but not paid out to the above secured creditors.          
                                                          -    (d)        
                 
                 
Leases                
Monthly property lease payments have been made in full for the month of August.          
(b, c) The total of line (b) must equal line (c).            
(d) This number is reported in the “Current Month” column of Schedule of Receipts and Disbursements (Page MOR-2, Line 5N).    

 

 

 

Attachment 3
Inventory and Fixed Assets Report
     
Name of Debtor: PREMIER EXHIBITIONS MANAGEMENT, LLC Case Number: 3:16-bk-02233-PMG    
               
Reporting period beginning 1-Apr-17   Period ending 30-Apr-17    
               
INVENTORY REPORT              
SEE BALANCE SHEET AND INVENTORY ACCOUNT RECONCILIATION      
20 04.2017 12000 - Inventory          
INVENTORY BALANCE AT PETITION DATE:  $   744,012.25        
INVENTORY RECONCILIATION:            
  Inventory Balance at Beginning of Month  $            561,989.00 (a)    
     PLUS: Inventory Purchased During Month        
     MINUS: Inventory Used or Sold  $            (12,117.00)      
     PLUS/MINUS: Adjustments or Write-downs   *    
  Inventory on Hand at End of Month  $            549,872.00      
               
METHOD OF COSTING INVENTORY:                                                                                      Weighted average cost      
               
*For any adjustments or write-downs provide explanation and supporting documentation, if applicable.    
                                                                                                        
INVENTORY AGING
21 04.2017 Inventory Aging          
  Less than 6 6 months to Greater than Considered Total Inventory    
  months old 2 years old 2 years old Obsolete      
               
  22% 28% 51%    = 100%    
               
* Aging Percentages must equal 100%.          
☐    Check here if inventory contains perishable items.        
               
Description of Obsolete Inventory:    
Represents inventory related to non-touring exhibits        
                                                                                                          
               
FIXED ASSET REPORT SEE BALANCE SHEET        
               
FIXED ASSETS FAIR MARKET VALUE AT PETITION DATE:  $        4,000,000.00 (b)    
(Includes Property, Plant and Equipment)          
               
BRIEF DESCRIPTION (First Report Only):    
                                                                                                          
                                                                                                          
               
FIXED ASSETS RECONCILIATION:          
Fixed Asset Book Value at Beginning of Month     (a)(b)    
MINUS:  Depreciation Expense          
PLUS:  New Purchases            
PLUS/MINUS: Adjustments or Write-downs     *    
Ending Monthly Balance      $                             -         
               
*For any adjustments or write-downs, provide explanation and supporting documentation, if applicable.    
               
BRIEF DESCRIPTION OF FIXED ASSETS PURCHASED OR DISPOSED OF DURING THE REPORTING PERIOD:    
                                                                                                          
               
               
(a) This number is carried forward from last month’s report.  For the first report only, this number will be the     
    balance as of the petition date.          
(b) Fair Market Value is the amount at which fixed assets could be sold under current economic conditions.     
    Book Value is the cost of the fixed assets minus accumulated depreciation and other adjustments.    

 

 

 

Attachment 4A  
Monthly summary of bank activity - operating account  
   
Name of Debtor: PREMIER EXHIBITIONS MANAGEMENT, LLC Case Number: 3:16-bk-02233-PMG    
             
Reporting period beginning 1-Apr-17   Period ending 30-Apr-17    
             
             
Attach a copy of current month bank statement and bank reconciliation to this Summary of Bank Activity.  A standard bank reconciliation form can be found at http://www.usdoj.gov/ust/r21/reg_info.htm.  If bank accounts other than the three required by the United States Trustee Program are necessary, permission must be obtained from the United States Trustee prior to opening the accounts.  Additionally, use of less than the three required bank accounts must be approved by the United States Trustee.  
             
Name of bank Bank of America Merrill Lynch Branch NOT APPLICABLE    
             
Account name Premier Exhibition Management LLC Account number * 9697    
             
             
             
             
             
             
Purpose of account: OPERATING SWEEP        
             
Ending balance per bank statement    $                           -       
Plus total amount of outstanding deposits    $                           -       
Minus: total amount of outstanding checks and other debits  $                           -    *  
Minus: service charges      $                           -       
End of month balance      $                           -    ** ( a )  
SEE BALANCE SHEET, BANK STATEMENT, RECONCILATION FOR ALL BANK ACCOUNTS    
* Debit cards are used by None        
             
** If Closing Balance is negative, provide explanation:        
             
             
The following disbursements were paid in Cash (do not includes items reported as Petty Cash on Attachment  
 4D: ( ☐ Check here if cash disbursements were authorized by United States Trustee)    
             
Date Amount Payee Purpose Reason for Cash Disbursement  
             
None            
             
             
             
             
             
TRANSFERS BETWEEN DEBTOR IN POSSESSION ACCOUNTS
“Total Amount of Outstanding Checks and other debits”, listed above, includes:    
ALL SWEEP ACCOUNTS TRANSFER INTO MAIN ACCOUNT.  THERE IS ALSO CHECK AND DEPOSIT CLEARING ACCOUNTS.
   $ 239,133.78 Transferred to Payroll Account (BoA -9713)    
  $Nil Transferred to Tax Account      
             
(a) The total of this line on Attachment 4A, 4B and 4C plus the total of 4D must equal the amount reported as   
“Ending Balance” on Schedule of Receipts and Disbursements (Page MOR-2, Line 7).    

 

 

 

Attachment 4A
Monthly summary of bank activity - operating account
 
Name of Debtor: PREMIER EXHIBITIONS MANAGEMENT, LLC Case Number: 3:16-bk-02233-PMG  
           
Reporting period beginning 1-Apr-17   Period ending 30-Apr-17  
           
           
Attach a copy of current month bank statement and bank reconciliation to this Summary of Bank Activity.  A standard bank reconciliation form can be found at http://www.usdoj.gov/ust/r21/reg_info.htm.  If bank accounts other than the three required by the United States Trustee Program are necessary, permission must be obtained from the United States Trustee prior to opening the accounts.  Additionally, use of less than the three required bank accounts must be approved by the United States Trustee.
           
Name of bank Bank of America Merrill Lynch Branch NOT APPLICABLE  
           
Account name Premier Exhibition Management LLC Account number * 3309  
           
Purpose of account: PEM TUT (CLOSED)      
           
Ending balance per bank statement    $Nil   
Plus total amount of outstanding deposits    $                           -     
Minus: total amount of outstanding checks and other debits   *
Minus: service charges      $                           -     
End of month balance      $Nil  ** ( a )
           
* Debit cards are used by None      
           
** If Closing Balance is negative, provide explanation:      
           
           
The following disbursements were paid in Cash (do not includes items reported as Petty Cash on Attachment
 4D: ( ☐ Check here if cash disbursements were authorized by United States Trustee)  
           
Date Amount Payee Purpose Reason for Cash Disbursement
           
THIS ACCOUNT WAS CLOSED IN JANUARY 2017      
           
           
           
           
           
TRANSFERS BETWEEN DEBTOR IN POSSESSION ACCOUNTS
“Total Amount of Outstanding Checks and other debits”, listed above, includes:  
  $Nil Transferred to Payroll Account    
  $Nil Transferred to Tax Account    
           
(a) The total of this line on Attachment 4A, 4B and 4C plus the total of 4D must equal the amount reported as 
“Ending Balance” on Schedule of Receipts and Disbursements (Page MOR-2, Line 7).  

 

 

 

Attachment 4A
Monthly summary of bank activity - operating account
 
Name of Debtor: PREMIER EXHIBITIONS MANAGEMENT, LLC Case Number: 3:16-bk-02233-PMG  
           
Reporting period beginning 1-Apr-17   Period ending 30-Apr-17  
           
           
Attach a copy of current month bank statement and bank reconciliation to this Summary of Bank Activity.  A standard bank reconciliation form can be found at http://www.usdoj.gov/ust/r21/reg_info.htm.  If bank accounts other than the three required by the United States Trustee Program are necessary, permission must be obtained from the United States Trustee prior to opening the accounts.  Additionally, use of less than the three required bank accounts must be approved by the United States Trustee.
           
Name of bank Wells Fargo Business Choice Checking Branch NOT APPLICABLE  
           
Account name Premier Exhibition Management LLC Account number *1139  
           
Purpose of account: OPERATING (CLOSED)      
           
Ending balance per bank statement    $                           -     
Plus total amount of outstanding deposits    $                           -     
Minus: total amount of outstanding checks and other debits   *
Minus: service charges      $                           -     
End of month balance      $Nil  ** ( a )
           
* Debit cards are used by None      
           
** If Closing Balance is negative, provide explanation:      
           
           
The following disbursements were paid in Cash (do not includes items reported as Petty Cash on Attachment
 4D: ( ☐ Check here if cash disbursements were authorized by United States Trustee)  
           
Date Amount Payee Purpose Reason for Cash Disbursement
           
           
THIS ACCOUNT WAS CLOSED 1-24-2017 AND FUNDS ($4,448.16) DEPOSITED TO MAIN ACCOUNT.
           
           
           
           
TRANSFERS BETWEEN DEBTOR IN POSSESSION ACCOUNTS
“Total Amount of Outstanding Checks and other debits”, listed above, includes:  
           
  $Nil Transferred to Payroll Account    
           
  $Nil Transferred to Tax Account    
           
(a) The total of this line on Attachment 4A, 4B and 4C plus the total of 4D must equal the amount reported as 
“Ending Balance” on Schedule of Receipts and Disbursements (Page MOR-2, Line 7).  

 

 

 

Attachment 4A  
Monthly summary of bank activity - operating account  
   
Name of Debtor: PREMIER EXHIBITIONS MANAGEMENT, LLC Case Number: 3:16-bk-02233-PMG    
             
Reporting period beginning 1-Apr-17   Period ending 30-Apr-17    
             
             
Attach a copy of current month bank statement and bank reconciliation to this Summary of Bank Activity.  A standard bank reconciliation form can be found at http://www.usdoj.gov/ust/r21/reg_info.htm.  If bank accounts other than the three required by the United States Trustee Program are necessary, permission must be obtained from the United States Trustee prior to opening the accounts.  Additionally, use of less than the three required bank accounts must be approved by the United States Trustee.  
    See Exhibit        
    0 0      
Name of bank Royal Bank of Scotland Branch NOT APPLICABLE    
             
Account name RMS Titanic (UK) Limited Account number CLOSED JULY 1, 2016  
Account name Premier (United Kingdom) Limited Account number CLOSED AUGUST 1, 2016
Purpose of account: OPERATING (CLOSED)        
             
Ending balance per bank statement  GBP   $Nil     
Plus total amount of outstanding deposits    $                           -       
Minus: total amount of outstanding checks and other debits   *  
Minus: service charges          
End of month balance    GBP   $Nil  ** ( a )  
             
* Debit cards are used by None        
             
** If Closing Balance is negative, provide explanation:        
             
             
The following disbursements were paid in Cash (do not includes items reported as Petty Cash on Attachment  
 4D: ( ☐ Check here if cash disbursements were authorized by United States Trustee)    
             
Date Amount Payee Purpose Reason for Cash Disbursement  
             
None            
             
             
             
             
             
TRANSFERS BETWEEN DEBTOR IN POSSESSION ACCOUNTS
“Total Amount of Outstanding Checks and other debits”, listed above, includes:    
             
  $Nil Transferred to Payroll Account      
  $Nil Transferred to Tax Account      
             
(a) The total of this line on Attachment 4A, 4B and 4C plus the total of 4D must equal the amount reported as   
“Ending Balance” on Schedule of Receipts and Disbursements (Page MOR-2, Line 7).    

 

 

 

Attachment 5A
Check register - operating account
 
Name of Debtor: PREMIER EXHIBITIONS MANAGEMENT, LLC Case Number: 3:16-bk-02233-PMG  
           
Reporting period beginning 1-Apr-17   Period ending 30-Apr-17  
           
Name of bank Bank of America Merrill Lynch Branch NOT APPLICABLE  
           
Account name Premier Exhibition Management LLC Account number *9697  
           
           
           
           
           
Purpose of account: OPERATING SWEEP      
           
Account for all disbursements, including voids, lost checks, stop payments, etc.  In the alternative, a computer generated check register can be attached to this report, provided all the information requested below is included.
           
Date Check number Payee Purpose Amount  
           
SEE ATTACHED CHECK REGISTER      
  14 04.2017 Check Register      
           
           
           
           
           
           
           
Total          

 

 

 

Attachment 5A
Check register - operating account
 
Name of Debtor: PREMIER EXHIBITIONS MANAGEMENT, LLC Case Number: 3:16-bk-02233-PMG  
           
Reporting period beginning 1-Apr-17   Period ending 30-Apr-17  
           
Name of bank Bank of America Merrill Lynch Branch NOT APPLICABLE  
           
Account name Premier Exhibition Management LLC Account number *3309  
           
Purpose of account: PEM TUT (CLOSED)      
           
Account for all disbursements, including voids, lost checks, stop payments, etc.  In the alternative, a computer generated check register can be attached to this report, provided all the information requested below is included.
           
Date Check number Payee Purpose Amount  
THIS ACCOUNT WAS CLOSED IN JANUARY 2017      
           
           
           
           
           
           
           
           
           
Total        $Nil   

 

 

 

Attachment 5A
Check register - operating account
 
Name of Debtor: PREMIER EXHIBITIONS MANAGEMENT, LLC Case Number: 3:16-bk-02233-PMG  
           
Reporting period beginning 1-Apr-17   Period ending 30-Apr-17  
           
Name of bank Wells Fargo Business Choice Checking Branch NOT APPLICABLE  
           
Account name Premier Exhibition Management LLC Account number *1139  
           
Purpose of account: OPERATING (CLOSED)      
           
Account for all disbursements, including voids, lost checks, stop payments, etc.  In the alternative, a computer generated check register can be attached to this report, provided all the information requested below is included.
           
Date Check number Payee Purpose Amount  
THIS ACCOUNT WAS CLOSED 1-24-2017 AND FUNDS ($4,448.16) DEPOSITED TO MAIN ACCOUNT.  
           
           
           
           
           
           
           
           
           
Total        $Nil   

 

 

 

Attachment 5A
Check register - operating account
 
Name of Debtor: PREMIER EXHIBITIONS MANAGEMENT, LLC Case Number: 3:16-bk-02233-PMG  
           
Reporting period beginning 1-Apr-17   Period ending 30-Apr-17  
           
Name of bank Royal Bank of Scotland Branch NOT APPLICABLE  
           
Account name RMS Titanic (UK) Limited Account number    
Account name Premier (United Kingdom) Limited Account number    
Purpose of account: OPERATING (CLOSED)      
           
Account for all disbursements, including voids, lost checks, stop payments, etc.  In the alternative, a computer generated check register can be attached to this report, provided all the information requested below is included.
           
Date Check number Payee Purpose Amount  
10134386 CLOSED OUT JULY 1, 2016 - FUNDS TRANSFERRED TO PEM      
10134351 CLOSED OUT IN AUGUST 2016 - FUNDS TRANSFERRED TO PEM    
           
           
           
           
           
           
           
           
Total        $                             -     

 

 

 

Attachment 4B      
Monthly summary of bank activity - payroll account      
       
Name of Debtor: PREMIER EXHIBITIONS MANAGEMENT, LLC Case Number: 3:16-bk-02233-PMG      
                 
Reporting period beginning 1-Apr-17   Period ending #####        
                 
Attach a copy of current month bank statement and bank reconciliation to this Summary of Bank      
Activity.  A standard bank reconciliation form can be found at           
http://www.usdoj.gov/ust/r21/reg_info.htm            
                 
Name of bank Bank of America Merrill Lynch Branch NOT APPLICABLE      
                 
Account name Premier Exhibition Management LLC Account number *9713        
                 
Purpose of account: PAYROLL            
                 
Ending balance per bank statement      $Nil       
Plus total amount of outstanding deposits      $                                      -         
Minus: total amount of outstanding checks and other debits     *    
Minus: service charges        $                                      -         
End of month balance        $Nil  ** ( a )    
                 
* Debit cards are used by              
                 
** If Closing Balance is negative, provide explanation:            
                 
                 
The following disbursements were paid in Cash:    ( ☐ Check here if cash disbursements were authorized 
by United States Trustee)              
                 
Date Amount Payee Purpose Reason for Cash Disbursement    
Refer to the following documents:            
  22 04.2017 Payroll (1)   25 04.2017 Payroll (4)      
  23 04.2017 Payroll (2)   26 Payrolls as in previous exhibits    
  24 04.2017 Payroll (3)   27 Payrolls as in previous exhibits    
                 
                 
The following non-payroll disbursements were made from this account:          
Date Amount Payee Purpose Reason for Cash Disbursement    
None                
                 
                 
                 
                 
                 
(a) The total of this line on Attachment 4A, 4B and 4C plus the total of 4D must equal the amount reported as     
“Ending Balance” on Schedule of Receipts and Disbursements (Page MOR-2, Line 7).       

 

 

 

Attachment 5B
Check register - Payroll Account
 
Name of Debtor: PREMIER EXHIBITIONS MANAGEMENT, LLC Case Number: 3:16-bk-02233-PMG
           
Reporting period beginning 1-Apr-17   Period ending 30-Apr-17  
           
Name of bank Bank of America Merrill Lynch Branch NOT APPLICABLE  
           
Account name Premier Exhibition Management LLC Account number *9713  
           
Purpose of account: PAYROLL      
           
Account for all disbursements, including voids, lost checks, stop payments, etc.  In the 
alternative, a computer generated check register can be attached to this report, provided all the
information requested below is included.    
           
           
Date Check Number Payee Purpose Amount
See Payroll Journals listed in MOR-9      
           
           
           
           
           
           
TOTAL          $Nil 

 

 

 

Attachment 4C    
Monthly Summary of Bank Activity - Tax Account    
     
Name of Debtor: PREMIER EXHIBITIONS MANAGEMENT, LLC Case Number: 3:16-bk-02233-PMG    
               
Reporting period beginning 1-Apr-17   Period ending 30-Apr-17      
               
Attach a copy of current month bank statement and bank reconciliation to this Summary of Bank    
Activity.  A standard bank reconciliation form can be found at       
http://www.usdoj.gov/ust/r21/reg_info.htm        
               
Name of bank None   Branch None      
               
Account name None   Account number None      
               
Purpose of account: TAX          
    PAYROLL ACCOUNT IS USED TO PAY TAXES      
Ending balance per bank statement      $Nil     
Plus total amount of outstanding deposits      $                                      -       
Minus: total amount of outstanding checks and other debits   *  
Minus: service charges        $                                      -       
Ending balance per Check Register      $Nil  ** ( a )  
               
* Debit cards are used by None          
               
** If Closing Balance is negative, provide explanation:        
               
               
The following disbursements were paid in Cash:  ( ☐ Check here if cash disbursements were authorized 
by United States Trustee)            
               
Date Amount Payee Purpose Reason for Cash Disbursement    
None              
               
               
               
               
               
The following non-payroll disbursements were made from this account:      
Date Amount Payee Purpose Reason for Cash Disbursement    
None              
               
               
               
               
               
(a) The total of this line on Attachment 4A, 4B and 4C plus the total of 4D must equal the amount reported as   
“Ending Balance” on Schedule of Receipts and Disbursements (Page MOR-2, Line 7).     

 

 

 

Attachment 5C  
Check register - tax account  
   
Name of Debtor: PREMIER EXHIBITIONS MANAGEMENT, LLC Case Number: 3:16-bk-02233-PMG  
             
Reporting period beginning 1-Apr-17   Period ending 30-Apr-17    
             
Name of bank None   Branch None    
             
Account name None   Account number None    
             
Purpose of account: TAX        
    PAYROLL ACCOUNT IS USED TO PAY TAXES    
Account for all disbursements, including voids, lost checks, stop payments, etc.  In the alternative, a computer generated  
check register can be attached to this report, provided all the information requested below is included.  
             
             
Date Check Number Payee Purpose Amount  
None            
             
             
             
             
             
             
TOTAL          $Nil  (d)
             
    SUMMARY OF TAXES PAID    
  Payroll Taxes Paid     See Exhibit 9 (a)
  Sales & Use Taxes Paid     $0 (b)
  Other Taxes Paid     $0 (c)
  TOTAL         (d)
             
(a) This number is reported in the “Current Month” column of Schedule of Receipts and Disbursements   
(Page MOR-2 Line 5O)          
(b) This number is reported in the “Current Month” column of Schedule of Receipts and Disbursements   
(Page MOR-2 Line 5P)          
(c) This number is reported in the “Current Month” column of Schedule of Receipts and Disbursements   
(Page MOR-2 Line 5Q)          
(d) These two lines must be equal.        

 

 

 

Attachment 4D  
Investment Accounts and Petty Cash Report  
           
Investment accounts   
Each savings and investment account, i.e. certificates of deposits, money market accounts, stocks and bonds, etc., should be listed separately.  Attach copies of account statements.  
           
Type of Negotiable Not applicable        
           
Instrument        Face Value Purchase Price Date of Purchase Current Market Value  
        $Nil  
           
           
           
TOTAL       $Nil (a)
           
Petty Cash Report  
           
The following Petty Cash Drawers/Accounts are maintained:    
  (Column 2) (Column 3) (Column 4)    
Location of  Box/Account Maximum amount of cash in Drawer/Acct Amount of petty cash on hand at end of month Difference between (Column 2) and(Column 3)    
       $                                     -       
SEE SCHEDULE ATTACHED    $                                     -       
28 03.2017 - 10030 Petty Cash        
       $                                     -       
Total    $                                      -     ( b )     
           
           
For any Petty Cash Disbursements over $100 per transaction, attach copies of receipts.  If 
there are no receipts, provide an explanation. None    
           
           
           
           
TOTAL INVESTMENT ACCOUNTS AND PETTY CASH (a + b)   (c)  
           
(c) The total of this line on Attachment 4A, 4B and 4C plus the total of 4D must equal the   
    amount reported as “Ending Balance” on Schedule of Receipts and Disbursements (Page   
    MOR-2, Line 7).        

 

 

 

Attachment 6
Monthly tax report
 
Name of Debtor: PREMIER EXHIBITIONS MANAGEMENT, LLC Case Number: 3:16-bk-02233-PMG
           
Reporting period beginning 1-Apr-17   Period ending 30-Apr-17  
           
TAXES OWED AND DUE
           
Report all unpaid post-petition taxes including Federal and State withholding FICA, State sales tax, property tax, unemployment tax, State workmen's compensation, etc. 
           
Name of taxing authority Date payment due Description Amount Date last tax return filed Tax return period
           
           
           
           
           
Total      $Nil     
SEE AGED AP LISTING - COURT APPROVED TAX PAYMENTS IN AUGUST AND ALL TAXES WERE PAID
1 Premier Exhibitions Management Balance Sheet 04-30-17  
29 Paid Mar Sales Tax in Apr $27,774.52    

 

 

 

Attachment 7  
Summary of Officer or Owner Compensation  
Summary of personnel and insurance coverages  
Name of Debtor: PREMIER EXHIBITIONS MANAGEMENT, LLC Case Number: 3:16-bk-02233-PMG    
             
Reporting period beginning 1-Apr-17   Period ending 30-Apr-17    
             
TAXES OWED AND DUE  
             
 Report all forms of compensation received by or paid on behalf of the Officer or Owner during the month.  Include car allowances, payments to retirement plans, loan repayments, payments of Officer/Owner’s personal expenses, insurance premium payments, etc.  Do not include reimbursement for business expenses Officer or Owner incurred and for which detailed receipts are maintained in the accounting records.  
             
Name of officer or owner Title Payment description Amount paid      
Daoping Bao CEO Bi-weekly salary  $   15,996.00 <--50% paid by PEM via invoice by Dinoking
Jerome Henshall CFO Bi-weekly salary  $   13,846.00      
Jessica Sanders Corp. Secretary Bi-weekly salary  $      8,461.00      
             
Total      $   38,303.00      
             
             
PERSONNEL REPORT  
      Full time Part time    
Number of employees at beginning of period  28 77    
Number hired during the period   2 0    
Number terminated or resigned during period 2 1    
Number of employees on payroll at end of period 28 76    
             
             
CONFIRMATION OF INSURANCE  
List all policies of insurance in effect, including but not limited to workers' compensation, liability, fire, theft, comprehensive, vehicle, health and life.  For the first report, attach a copy of the declaration sheet for each type of insurance.  For subsequent reports, attach a certificate of insurance for any policy in which a change occurs during the month (new carrier, increased policy limits, renewal, etc.).  
             
Renewed Directors & Officers Insurance        
Term: May 2, 2017 to November 1, 2017        
             
The following lapse in insurance coverage occurred this month:      
Policy Type Date Lapsed   Date Reinstated Reason for Lapse  
             
             
             
             
¨ Check here if U. S. Trustee has been listed as Certificate Holder for all insurance policies.  

 

 

 

Attachment 8  
Significant Developments During Reporting Period  
               
Information to be provided on this page, includes, but is not limited to: (1) financial transactions that are not reported on this report, such as the sale of real estate (attach closing statement); (2) non-financial transactions, such as the substitution of assets or collateral; (3) modifications to loan agreements; (4) change in senior management, etc.   Attach any relevant documents.
               
No significant developments            
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
We anticipate filing a Plan of Reorganization and Disclosure Statement on or before 1-Aug-17