0001171843-18-001370.txt : 20180222 0001171843-18-001370.hdr.sgml : 20180222 20180222172755 ACCESSION NUMBER: 0001171843-18-001370 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 9 CONFORMED PERIOD OF REPORT: 20180220 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20180222 DATE AS OF CHANGE: 20180222 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PREMIER EXHIBITIONS, INC. CENTRAL INDEX KEY: 0000796764 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-AMUSEMENT & RECREATION SERVICES [7900] IRS NUMBER: 201424922 STATE OF INCORPORATION: FL FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-24452 FILM NUMBER: 18633678 BUSINESS ADDRESS: STREET 1: 3045 KINGSTON COURT STREET 2: SUITE I CITY: PEACHTREE CORNERS STATE: GA ZIP: 30071 BUSINESS PHONE: 404-842-2600 MAIL ADDRESS: STREET 1: 3045 KINGSTON COURT STREET 2: SUITE I CITY: PEACHTREE CORNERS STATE: GA ZIP: 30071 FORMER COMPANY: FORMER CONFORMED NAME: RMS TITANIC INC DATE OF NAME CHANGE: 20010404 FORMER COMPANY: FORMER CONFORMED NAME: FIRST RESPONSE MEDICAL INC /FL/ DATE OF NAME CHANGE: 20010404 FORMER COMPANY: FORMER CONFORMED NAME: CIP HOLDINGS INC DATE OF NAME CHANGE: 19930302 8-K 1 f8k_022218.htm FORM 8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 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): February 20, 2018

 

Premier Exhibitions, Inc.

(Exact name of Registrant as Specified in Charter)

 

FLORIDA

 

(State or Other Jurisdiction
of Incorporation)

000-24452

 

(Commission
File Number)

20-1424922

 

(I.R.S. Employer
Identification Number)

 

 

3045 Kingston Court, Suite I, Peachtree Corners, Georgia 30071

(Address of Principal Executive Offices) (Zip Code)

 

 

(404) 842 - 2600

(Registrant’s telephone number, including area code)

 

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 announced, on June 14, 2016, Premier Exhibitions, Inc. (the “Company”) and each of its U.S. subsidiaries filed voluntary petitions for reorganization relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Middle District of Florida (the “Bankruptcy Court”). On February 20, 2018, the Company, and its U.S. subsidiaries, filed monthly operating reports for the period of January 1, 2018 through January 31, 2018 (the “Monthly Operating Reports”) with the Bankruptcy Court. Excerpts of the Monthly Operating Reports, excluding exhibits, are attached to this Current Report on Form 8-K as Exhibits 99.1, 99.2, 99.3, 99.4, 99.5, 99.6, 99.7 and 99.8 and incorporated into this Item 7.01 by reference.

 

The information set forth in this Item 7.01 of this Current Report on Form 8-K is being furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any of the Company’s filings under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, whether made before or after the date hereof and regardless of any general incorporation language in such filings, except to the extent expressly set forth by specific reference in such a filing. The filing of this Item 7.01 of this Current Report on Form 8-K shall not be deemed an admission as to the materiality of any information herein that is required to be disclosed solely by reason of Regulation FD.

 

Cautionary Statements Regarding the Monthly Operating Reports

 

The Company cautions investors and potential investors not to place undue reliance upon the information contained in the Monthly Operating Reports, which were not prepared for the purpose of providing the basis for an investment decision relating to any of the securities of the Company. The Monthly Operating Reports are limited in scope, covers a limited time period, and have been prepared solely for the purpose of complying with requirements of the Bankruptcy Court. The Monthly Operating Reports were not audited or reviewed by independent accountants, are in a format prescribed by applicable bankruptcy laws, and are subject to future adjustment and reconciliation. The financial information in the Monthly Operating Reports were not prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and, therefore, may exclude items required by GAAP, such as certain reclassifications, non-cash items, accruals, valuations and disclosures. The Monthly Operating Reports also contain information for periods which are different from the historical periods required in the Company’s reports pursuant to Exchange Act, and such information might not be indicative of the Company's financial condition or operating results for a period that would be reflected in the Company's financial statements or its reports pursuant to the Exchange Act. There can be no assurance that, from the perspective of an investor or potential investor in the Company’s securities, the Monthly Operating Reports are complete. Results and information set forth in the Monthly Operating Reports should not be viewed as indicative of future results.

 

Exchange Act Reports

 

The Company has suspended the filing of its regular periodic reports on Form 10-K and Form 10-Q with the Securities and Exchange Commission (the “SEC”). The Company, however, intends to furnish copies of the Monthly Operating Reports that are required to be submitted to the Bankruptcy Court under cover of Current Reports on Form 8-K and to continue to file Forms 8-K disclosing material developments concerning the Company.

 

Additional Information Regarding the Chapter 11 Filing

 

Information about the Chapter 11 process, as well as court filings (including the full text of the Monthly Operating Reports, with exhibits) and other documents related to the reorganization proceedings, is available through the Official Equity Committee Website for Shareholders of Premier Exhibitions, Inc. at http://www.jndla.com/cases/premiercommittee, docket numbers 953-960. Information contained on, or that can be accessed through, such website or the Bankruptcy Court’s website is not part of this Current Report.

 

 

 

Item 9.01.Financial Statements and Exhibits.

 

(d)       Exhibits.

 

Exhibit No.Description
99.1Monthly Operating Report for the Period of January 1, 2018 through January 31, 2018, dated February 20, 2018 for Premier Exhibitions, Inc.
99.2Monthly Operating Report for the Period of January 1, 2018 through January 31, 2018, dated February 20, 2018 for Premier Exhibition Management LLC
99.3Monthly Operating Report for the Period of January 1, 2018 through January 31, 2018, dated February 20, 2018 for RMS Titanic, Inc.
99.4Monthly Operating Report for the Period of January 1, 2018 through January 31, 2018, dated February 20, 2018 for Arts and Exhibitions International, LLC
99.5Monthly Operating Report for the Period of January 1, 2018 through January 31, 2018, dated February 20, 2018 for Premier Merchandising, LLC
99.6Monthly Operating Report for the Period of January 1, 2018 through January 31, 2018, dated February 20, 2018 for Premier Exhibitions International, LLC
99.7Monthly Operating Report for the Period of January 1, 2018 through January 31, 2018, dated February 20, 2018 for Premier Exhibitions NYC, Inc.
99.8Monthly Operating Report for the Period of January 1, 2018 through January 31, 2018, dated February 20, 2018 for Dinosaurs Unearthed Corp.

 

 

SIGNATURE

 

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.

 

 

    PREMIER EXHIBITIONS, INC.
     
     
Date: February 22, 2018   By:  /s/ Jerome Henshall
      Jerome Henshall
      Chief Financial Officer
     

 

 

 

 

 

 

 

INDEX TO EXHIBITS

 

Exhibit No.Description
99.1Monthly Operating Report for the Period of January 1, 2018 through January 31, 2018, dated February 20, 2018 for Premier Exhibitions, Inc.
99.2Monthly Operating Report for the Period of January 1, 2018 through January 31, 2018, dated February 20, 2018 for Premier Exhibition Management LLC
99.3Monthly Operating Report for the Period of January 1, 2018 through January 31, 2018, dated February 20, 2018 for RMS Titanic, Inc.
99.4Monthly Operating Report for the Period of January 1, 2018 through January 31, 2018, dated February 20, 2018 for Arts and Exhibitions International, LLC
99.5Monthly Operating Report for the Period of January 1, 2018 through January 31, 2018, dated February 20, 2018 for Premier Merchandising, LLC
99.6Monthly Operating Report for the Period of January 1, 2018 through January 31, 2018, dated February 20, 2018 for Premier Exhibitions International, LLC
99.7Monthly Operating Report for the Period of January 1, 2018 through January 31, 2018, dated February 20, 2018 for Premier Exhibitions NYC, Inc.
99.8Monthly Operating Report for the Period of January 1, 2018 through January 31, 2018, dated February 20, 2018 for Dinosaurs Unearthed Corp.

 

 

 

 

 

 

 

 

 

 EX-99.1 2 exh_991.htm EXHIBIT 99.1

Exhibit 99.1

 

UNITED STATES BANKRUPTCY COURT
MIDDLE DISTRICT OF FLORIDA
JACKSONVILLE DIVISION
               
  IN RE:     } CASE NUMBER    
        } 3:16-bk-02232-PMG    
  PREMIER EXHIBITIONS, INC }      
        } JUDGE PAUL M. GLENN
        }      
  DEBTOR.     } CHAPTER 11    
               
               
  DEBTOR'S STANDARD MONTHLY OPERATING REPORT (BUSINESS)    
               
        FOR THE PERIOD    
    FROM January 1, 2018 TO January 31, 2018    
               
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, INC     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/     

 

 

 

SCHEDULE OF RECEIPTS AND DISBURSEMENTS  
  FOR THE PERIOD BEGINNING 1-Jan-18 AND ENDING 31-Jan-18    
             
Name of Debtor: PREMIER EXHIBITIONS, INC   Case Number 3:16-bk-02232-PMG    
Date of Petition: 14-Jun-16          
             
    Current month   Cumulative     
      Petition to date    
             
1. Funds at beginning of period per bank  $Nil   ( a )   $Nil  ( b )  
             
2. Receipts:            
  A. Cash sales          
  Minus: Cash refunds          
  Net cash sales          
             
  B. Accounts receivable  $                    -           
             
  C. Other receipts (see MOR-3)  $                    -           
  Note: invoice & receipts at the same time          
             
3. Total receipts (lines 2A+2B+2C)  $                    -       $                           -       
             
4. Total funds available for operations (line 1+line 3)  $Nil     $Nil     
             
5. Disbursements          
  A. Advertising          
  B. Bank charges          
  C. Contract labour          
  D. Fixed asset payments (not incl in "N")          
  E. Insurance          
  F. Inventory payments          
  G. Leases          
  H. Manufacturing supplies          
  I. Office supplies          
  J. Payroll - net (see attachment 4B)          
  K. Professional fees (Accounting & legal)          
  L. Rent           
  M. Repairs & maintenance          
  N. Secured creditor payments (see attach 2)          
  O. Taxes paid - payroll (see attachment 4C)          
  P. Taxes paid - sales & use (see attach 4C)          
  Q. Taxes paid - Other (see attachment 4C)          
  R. Telephone          
  S. Travel & entertainment          
  T. U.S. Trustee Quarterly Fees          
  U. Utilities          
  V. Vehicle expenses (car rental)          
  W. Other operating expenses   $                    -           
6. Total Disbursements (sum of 5A thru W)  $                    -       $                           -       
7. Ending balance (line 4 minus line 6)  $Nil   ( c )   $Nil  ( 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      20th       day of  February, 2018. Signature /s/ Jerome Henshall    
             
(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    
               
None              
               
               
               
               
               
               
               
               
               
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    
None              
               
               
               
               
 TOTAL OTHER DISBURSEMENTS    $                          -       $                         -       
               
NOTE: Attach a current Balance Sheet and Income (Profit & Loss) Statement.      
Please refer to Appendix            

 

 

 

Attachment 1      
Monthly Accounts Receivable Reconciliation and Aging      
       
Name of Debtor: PREMIER EXHIBITIONS, INC Case Number: 3:16-bk-02232-PMG        
                 
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18        
                 
ACCOUNTS RECEIVABLE AT PETITION DATE:  $NIL           
                 
                 
Accounts receivable reconciliation      
(Include all accounts receivable, pre-petition and post-petition, including charge card sales which have not been received):
                 
Beginning of Month Balance     ( a )        
Plus: current month new billings            
Minus: collection during the month   ( b )        
Plus/ minus: adjustments or writeoffs   *        
End of month balance    $                        -    ( 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 )      
                 
For any receivables in the “Over 90 Days” category, please provide the following:        
                 
                 
Customer   Receivable Date   Status (Collection efforts taken, estimate of collectibility
        write-off, disputed account, etc.)    
None                
                 
                 
                 
(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, INC Case Number: 3:16-bk-02232-PMG        
                 
Reporting period beginning 1-Jan-18 Period ending 31-Jan-18        
                 
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        
None                
                 
                 
                 
                 
                 
                 
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)      
                 
                 
Opening Balance    $Nil  ( a )        
PLUS: New indebtedness incurred this month            
MINUS: Amount paid on post petition            
Accounts payable this month  $                                                 -             
PLUS/MINUS: adjustments   $                                                 -    *        
End of month balance    $Nil  ( 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  
                 
None                
                 
                 
                 
TOTAL     $Nil (d)        
(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, 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, INC Case Number: 3:16-bk-02232-PMG    
               
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18    
               
INVENTORY REPORT              
               
INVENTORY BALANCE AT PETITION DATE:   $Nil      
INVENTORY RECONCILIATION:          
  Inventory Balance at Beginning of Month $Nil (a)    
     PLUS: Inventory Purchased During Month        
     MINUS: Inventory Used or Sold        
     PLUS/MINUS: Adjustments or Write-downs   *    
  Inventory on Hand at End of Month $Nil      
               
METHOD OF COSTING INVENTORY:           
               
*For any adjustments or write-downs provide explanation and supporting documentation, if applicable.  
                                                                                                        
INVENTORY AGING
               
  Less than 6 6 months to Greater than Considered Total Inventory    
  months old 2 years old 2 years old Obsolete      
               
  None        = 100%    
               
* Aging Percentages must equal 100%.          
☐    Check here if inventory contains perishable items.      
               
Description of Obsolete Inventory:    
None              
                                                                                                        
               
FIXED ASSET REPORT            
               
FIXED ASSETS FAIR MARKET VALUE AT PETITION DATE: $Nil (b)    
(Includes Property, Plant and Equipment)        
               
BRIEF DESCRIPTION (First Report Only):    
None              
                                                                                                        
               
FIXED ASSETS RECONCILIATION:          
Fixed Asset Book Value at Beginning of Month $Nil (a)(b)    
MINUS:  Depreciation Expense          
PLUS:  New Purchases            
PLUS/MINUS: Adjustments or Write-downs   *    
Ending Monthly Balance   $Nil      
               
*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:  
None              
               
               
(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, INC Case Number: 3:16-bk-02232-PMG  
           
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18  
           
           
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 None   Branch None  
           
Account name None   Account number None  
           
Purpose of account: OPERATING        
           
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
           
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, INC Case Number: 3:16-bk-02232-PMG  
           
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18  
           
           
           
Name of bank None   Branch None  
           
Account name None   Account number None  
           
Purpose of account: OPERATING        
           
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  

 

 

 

Attachment 4B  
Monthly summary of bank activity - payroll account  
   
Name of Debtor: PREMIER EXHIBITIONS, INC   Case Number: 3:16-bk-02232-PMG  
             
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18    
             
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: 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 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 5B
Check register - payroll account
 
Name of Debtor: PREMIER EXHIBITIONS, INC   Case Number: 3:16-bk-02232-PMG
           
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18  
           
           
           
Name of bank None   Branch None  
           
Account name None   Account number None  
           
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
None          
           
           
           
           
           
TOTAL         $Nil

 

 

 

Attachment 4C  
Monthly Summary of Bank Activity - Tax Account  
   
Name of Debtor: PREMIER EXHIBITIONS, INC   Case Number: 3:16-bk-02232-PMG  
             
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18    
             
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        
             
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 5B  
Check register - tax account  
   
Name of Debtor: PREMIER EXHIBITIONS, INC   Case Number: 3:16-bk-02232-PMG  
             
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18    
             
             
             
Name of bank None   Branch None    
             
Account name None   Account number None    
             
Purpose of account: TAX          
             
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  
             
    SUMMARY OF TAXES PAID    
  Payroll Taxes Paid       $Nil (a)
  Sales & Use Taxes Paid     $Nil (b)
  Other Taxes Paid       $Nil (c)
  TOTAL       $Nil (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 None        
           
Instrument        Face Value Purchase Price Date of Purchase Current Market Value
None          
           
           
           
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)    
None          
           
           
Total    $Nil   ( b )     
           
        coo  
For any Petty Cash Disbursements over $100 per transaction, attach copies of receipts.  If 
there are no receipts, provide an explanation.      
           
           
           
           
TOTAL INVESTMENT ACCOUNTS AND PETTY CASH (a + b)  $Nil  (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, INC   Case Number: 3:16-bk-02232-PMG
           
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18  
           
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
           
None          
           
           
           
           
           
           
Total     $Nil    

 

 

 

Attachment 7
Summary of Officer or Owner Compensation
Summary of personnel and insurance coverages
Name of Debtor: PREMIER EXHIBITIONS, INC Case Number: 3:16-bk-02232-PMG  
           
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18  
           
    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    
None          
           
           
           
Total     $Nil    
           
           
    PERSONNEL REPORT      
      Full time Part time  
Number of employees at beginning of period  None    
Number hired during the period   None    
Number terminated or resigned during period None    
Number of employees on payroll at end of period None    
           
           
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.).
           
Renewal of Directors & Officers Insurance for period from November 1, 2017 to May 1, 2018  
           
           
           
           
           
           
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.
               
None              
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
We anticipate filing a Plan of Reorganization and Disclosure Statement on or before To be determined  

 

 

 

APPENDIX
 
Premier Exhibitions, Inc.
Per MOR-3
 
(Unaudited) Combined Balance Sheet
(Unaudited) Combined Profit and Loss Statement
 
 
(Unaudited) Balance Sheet
(Unaudited) Profit and Loss Statement

 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 EXHIBITION MANAGEMENT, LLC }      
        } JUDGE PAUL M. GLENN
        }      
  DEBTOR.     } CHAPTER 11    
               
               
  DEBTOR'S STANDARD MONTHLY OPERATING REPORT (BUSINESS)    
               
FOR THE PERIOD
    FROM January 1, 2018 TO January 31, 2018    
               
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 EXHIBITION 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-Jan-18 AND ENDING 31-Jan-18          
                   
  Name of Debtor: PREMIER EXHIBITION MANAGEMENT, LLC Case Number 3:16-bk-02233-PMG      
  Date of Petition: 14-Jun-16              
                   
Premier Exhibition Management, LLC              
                   
Per MOR-2                
SEE BALANCE SHEET & GENERAL LEDGER              
EXHIBIT ITEM                
1 Premier Exhibition Management Balance Sheet 01-31-18          
                   
SEE PROFIT & LOSS STATEMENT              
EXHIBIT ITEM                
2 Premier Exhibition Management Income Statement 01-31-18          
                   
BANK STATEMENTS AND RECONCILIATIONS ATTACHED            
EXHIBIT ITEM                
3 01.2018 - 3309 TUT Account              
4 01.2018 - 4747 Sweep              
5 01.2018  - 9523 Check Clearing Account and Reconciliation            
6 01.2018  - 9655 Sweep (Atlanta)              
7 01.2018  - 9663 Sweep Online Sales              
8 01.2018  - 9697 Operating Bank Account            
9 01.2018  - 9705 Deposit Clearing Account            
10 01.2018  - 9713 Payroll Clearing Bank Account            
11 01.2018  - 9762 Sweep (Orlando)        
12 01.2018  - 9788 Sweep (Las Vegas)      
13 01.2018  - 10999 Undeposited Funds              
                   
Per MOR-3       Per MOR-4      
EXHIBIT ITEM       EXHIBIT ITEM      
14 01.2018  Cash Transactions History       Please refer to MOR-2 Exhibit 1 named, Premier Exhibition Management Balance Sheet 01-31-18
15 01.2018 Check Register     16 01.2018  Aged AR Detail    
          17 01.2018  AR Transactions    
            See above - 01.2018  Aged AR Detail  
Per MOR-5       Per MOR-6      
EXHIBIT ITEM       EXHIBIT ITEM      
18 01.2018 Aged AP Detail       Please refer to MOR-2 Exhibit 1 named, Premier Exhibition Management Balance Sheet 01-31-18
19 01.2018 Pre- and Post-Petition AP Invoices   21 01.2018  12000 - Inventory  
20 01.2018 AP Transactions     22 01.2018  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 15 named, 01.2018 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          
23 01.2018 Payroll (1)     26 Payrolls as in previous exhibits  
24 01.2018 Payroll (2)     27 Payrolls as in previous exhibits  
25 Payrolls as in previous exhibits     28 Payrolls as in previous exhibits  
                   
Per MOR-13                
EXHIBIT ITEM                
29 01.2018  - 10030 Petty Cash              
                   
Per MOR-14                
30 01.2017 Paid Dec Sales Tax in Jan 2018               
Please refer to MOR-5 Exhibit 18 named, 01.2018 Aged AP Detail          

 

 

 

SCHEDULE OF RECEIPTS AND DISBURSEMENTS  
  FOR THE PERIOD BEGINNING 1-Jan-18 AND ENDING 31-Jan-18    
             
Name of Debtor: PREMIER EXHIBITION MANAGEMENT, LLC   Case Number 3:16-bk-02233-PMG    
Date of Petition: 14-Jun-16          
             
SEE BALANCE SHEET & GENERAL LEDGER          
1 Premier Exhibition Management Balance Sheet 01-31-18        
             
             
SEE PROFIT & LOSS STATEMENT          
2 Premier Exhibition Management Income Statement 01-31-18        
             
BANK STATEMENTS AND RECONCILATIONS ATTACHED          
3 01.2018 - 3309 TUT Account          
4 01.2018 - 4747 Sweep          
5 01.2018  - 9523 Check Clearing Account and Reconciliation        
6 01.2018  - 9655 Sweep (Atlanta)          
7 01.2018  - 9663 Sweep Online Sales          
8 01.2018  - 9697 Operating Bank Account          
9 01.2018  - 9705 Deposit Clearing Account          
10 01.2018  - 9713 Payroll Clearing Bank Account          
11 01.2018  - 9762 Sweep (Orlando)          
12 01.2018  - 9788 Sweep (Las Vegas)          
13 01.2018  - 10999 Undeposited Funds          
             
    Current month   Cumulative     
      Petition to date    
             
1. Funds at beginning of period per bank  $           529,417.00  ( 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)  $           506,727.00  ( c )   $         506,727.00 ( 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      _  20th     day of   February, 2018. Signature /s/ Jerome Henshall    
             
(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        
14 01.2018  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          
15 01.2018 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 EXHIBITION MANAGEMENT, LLC Case Number: 3:16-bk-02233-PMG      
               
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18      
               
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 Exhibition Management Balance Sheet 01-31-18      
16 01.2018  Aged AR Detail          
17 01.2018  AR Transactions          
               
               
Beginning of Month Balance    $   1,553,052.00 ( a )      
Plus: current month new billings          
Minus: collection during the month   ( b )      
Plus/ minus: adjustments or writeoffs   *      
End of month balance    $   1,365,651.00 ( 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 - 01.2018  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 EXHIBITION MANAGEMENT, LLC Case Number: 3:16-bk-02233-PMG        
                 
Reporting period beginning 1-Jan-18 Period ending 31-Jan-18        
                 
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              
18 01.2018 Aged AP Detail              
19 01.2018 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,              
20 01.2018 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 - interest accrued each month but not paid            
Haiping Zou "              
Zhang Jihe "              
BayPoint Capital - DIP Loan $3,000,000 as at 12-31-17.  interest of $78,882 paid to Dec 31/17 on Jan 5/18        
                                                          -    (d)        
                 
                 
Leases                
                 
(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 EXHIBITION MANAGEMENT, LLC Case Number: 3:16-bk-02233-PMG    
               
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18    
               
INVENTORY REPORT              
SEE BALANCE SHEET AND INVENTORY ACCOUNT RECONCILIATION      
21 01.2018  12000 - Inventory          
INVENTORY BALANCE AT PETITION DATE:  $   744,012.25        
INVENTORY RECONCILIATION:            
  Inventory Balance at Beginning of Month $507,110.00 (a)    
     PLUS: Inventory Purchased During Month $22,403.00      
     MINUS: Inventory Used or Sold ($28,702.00)      
     PLUS/MINUS: Adjustments or Write-downs ($2,521.00) *    
  Inventory on Hand at End of Month $498,290.00      
               
METHOD OF COSTING INVENTORY:                                                                                      Weighted average cost      
               
*For any adjustments or write-downs provide explanation and supporting documentation, if applicable.    
                                                                                                        
INVENTORY AGING
22 01.2018  Inventory Aging          
  Less than 6 6 months to Greater than Considered Total Inventory    
  months old 2 years old 2 years old Obsolete      
               
  41% 37% 22%    = 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 EXHIBITION MANAGEMENT, LLC Case Number: 3:16-bk-02233-PMG  
           
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18  
           
           
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.
   $        241,174.00 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 EXHIBITION MANAGEMENT, LLC Case Number: 3:16-bk-02233-PMG  
           
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18  
           
           
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        
           
See Exhibit 3 01.2018 - 3309 TUT Account    
           
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
           
           
           
           
           
           
           
    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 EXHIBITION MANAGEMENT, LLC Case Number: 3:16-bk-02233-PMG  
           
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18  
           
           
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 EXHIBITION MANAGEMENT, LLC Case Number: 3:16-bk-02233-PMG    
             
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18    
             
             
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 EXHIBITION MANAGEMENT, LLC Case Number: 3:16-bk-02233-PMG  
           
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18  
           
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        
  15 01.2018 Check Register      
           
           
           
           
           
           
           
Total          

 

 

 

Attachment 5A
Check register - operating account
 
Name of Debtor: PREMIER EXHIBITION MANAGEMENT, LLC Case Number: 3:16-bk-02233-PMG  
           
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18  
           
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         
           
See Exhibit 3 01.2018 - 3309 TUT Account      
           
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  
           
           
           
           
           
           
           
           
           
           
Total        $Nil   

 

 

 

Attachment 5A
Check register - operating account
 
Name of Debtor: PREMIER EXHIBITION MANAGEMENT, LLC Case Number: 3:16-bk-02233-PMG  
           
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18  
           
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 EXHIBITION MANAGEMENT, LLC Case Number: 3:16-bk-02233-PMG  
           
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18  
           
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 EXHIBITION MANAGEMENT, LLC   Case Number: 3:16-bk-02233-PMG    
               
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18      
               
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:            
  23 01.2018 Payroll (1)   26 Payrolls as in previous exhibits  
  24 01.2018 Payroll (2)   27 Payrolls as in previous exhibits  
  25 Payrolls as in previous exhibits 28 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 EXHIBITION MANAGEMENT, LLC Case Number: 3:16-bk-02233-PMG
           
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18  
           
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 EXHIBITION MANAGEMENT, LLC Case Number: 3:16-bk-02233-PMG  
             
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18    
             
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 EXHIBITION MANAGEMENT, LLC Case Number: 3:16-bk-02233-PMG  
             
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18    
             
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 10 (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    $                                     -                             
29 01.2018  - 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 EXHIBITION MANAGEMENT, LLC Case Number: 3:16-bk-02233-PMG
           
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18  
           
    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 Exhibition Management Balance Sheet 01-31-18  
30 01.2017 Paid Dec Sales Tax in Jan 2018     

 

 

 

Attachment 7  
Summary of Officer or Owner Compensation  
Summary of personnel and insurance coverages  
Name of Debtor: PREMIER EXHIBITION MANAGEMENT, LLC Case Number: 3:16-bk-02233-PMG    
             
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18    
             
    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 Semi-Monthly  $   24,750.00 <--80% paid by PEM via invoice by Dinoking
Jerome Henshall CFO Bi-weekly salary  $   14,261.00      
Jessica Sanders Corp. Secretary Bi-weekly salary  $      8,715.00      
             
Total      $   47,726.00      
             
             
    PERSONNEL REPORT        
      Full time Part time    
Number of employees at beginning of period  25 74    
Number hired during the period   4 1    
Number terminated, transferred or resigned during period 1 6    
Number of employees on payroll at end of period 28 69    
             
             
    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.).  
             
             
             
             
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 To be determined  

 EX-99.3 4 exh_993.htm EXHIBIT 99.3

Exhibit 99.3

 

UNITED STATES BANKRUPTCY COURT
MIDDLE DISTRICT OF FLORIDA
JACKSONVILLE DIVISION 
               
  IN RE:     } CASE NUMBER    
        } 3:16-bk-02230-PMG    
  RMS TITANIC, INC   }      
        } JUDGE PAUL M. GLENN
        }      
  DEBTOR.     } CHAPTER 11    
               
               
  DEBTOR'S STANDARD MONTHLY OPERATING REPORT (BUSINESS)    
               
        FOR THE PERIOD    
    FROM January 1, 2018 TO January 31, 2018    
               
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:  
               
RMS TITANIC, INC       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/     

 

 

 

SCHEDULE OF RECEIPTS AND DISBURSEMENTS  
  FOR THE PERIOD BEGINNING 1-Jan-18 AND ENDING 31-Jan-18    
             
Name of Debtor: RMS TITANIC, INC   Case Number 3:16-bk-02230-PMG    
Date of Petition: 14-Jun-16          
             
    Current month   Cumulative     
      Petition to date    
             
1. Funds at beginning of period per bank (Trust Account)  $  635,285.54  ( a )   $         483,632.34 ( b )  
             
2. Receipts:            
  A. Cash sales          
  Minus: Cash refunds          
  Net cash sales          
             
  B. Accounts receivable  $                    -           
             
  C. Other receipts (see MOR-3)  $          107.91    $         151,825.15    
  Note: invoice & receipts at the same time          
             
3. Total receipts (lines 2A+2B+2C)  $          107.91    $         151,825.15    
             
4. Total funds available Trust Account (line 1+line 3)  $  635,393.45    $         635,457.49    
             
5. Disbursements          
  A. Advertising          
  B. Bank charges  $                    -       $                           -       
  C. Contract labour          
  D. Fixed asset payments (not incl in "N")          
  E. Insurance          
  F. Inventory payments          
  G. Leases          
  H. Manufacturing supplies          
  I. Office supplies          
  J. Payroll - net (see attachment 4B)          
  K. Professional fees (Accounting & legal)          
  L. Rent           
  M. Repairs & maintenance          
  N. Secured creditor payments (see attach 2)          
  O. Taxes paid - payroll (see attachment 4C)          
  P. Taxes paid - sales & use (see attach 4C)          
  Q. Taxes paid - Other (see attachment 4C)          
  R. Telephone          
  S. Travel & entertainment          
  T. U.S. Trustee Quarterly Fees          
  U. Utilities          
  V. Vehicle expenses (car rental)          
  W. Other - Federal withholding  $                    -       $                    64.04    
6. Total Disbursements (sum of 5A thru W)  $                    -       $                    64.04    
7. Ending balance (line 4 minus line 6)  $  635,393.45  ( c )   $         635,393.45 ( 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      _  20th      day of February, 2018. Signature /s/ Jerome Henshall    
             
(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    
Interest income      $                 107.91    $            1,825.15    
Quarterly transfer from PEM operating account  $                          -       $        150,000.00    
               
               
               
               
               
               
               
               
               
TOTAL OTHER RECEIPTS    $                 107.91    $        151,825.15    
               
 “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    
Federal witholding      $                          -       $                  64.04    
               
               
               
               
 TOTAL OTHER DISBURSEMENTS    $                          -       $                  64.04    
               
NOTE: Attach a current Balance Sheet and Income (Profit & Loss) Statement.      
Please refer to Appendix            

 

 

 

Attachment 1      
Monthly Accounts Receivable Reconciliation and Aging      
       
Name of Debtor: RMS TITANIC, INC Case Number: 3:16-bk-02230-PMG        
                 
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18        
                 
ACCOUNTS RECEIVABLE AT PETITION DATE:  $NIL           
                 
                 
Accounts receivable reconciliation      
(Include all accounts receivable, pre-petition and post-petition, including charge card sales which have not been received):
                 
Beginning of Month Balance    $Nil  ( a )        
Plus: current month new billings            
Minus: collection during the month   ( b )        
Plus/ minus: adjustments or writeoffs   *        
End of month balance    $Nil  ( 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        
                 
 $                     -     $                  -     $                            -     $                        -     $Nil  ( c )      
                 
For any receivables in the “Over 90 Days” category, please provide the following:        
None                
                 
Customer   Receivable Date   Status (Collection efforts taken, estimate of collectibility
        write-off, disputed account, etc.)    
None                
                 
                 
                 
(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: RMS TITANIC, INC Case Number: 3:16-bk-02230-PMG        
                 
Reporting period beginning 1-Jan-18 Period ending 31-Jan-18        
                 
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        
None                
                 
                 
                 
                 
                 
                 
Total amount        $Nil  ( 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)      
                 
                 
Opening Balance    $Nil  ( a )        
PLUS: New indebtedness incurred this month            
MINUS: Amount paid on post petition            
Accounts payable this month  $                                                 -             
PLUS/MINUS: adjustments   $                                                 -    *        
End of month balance    $Nil  ( 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  
                 
None      $                                                 -             
                 
                 
                 
TOTAL      $Nil  (d)        
(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, 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: RMS TITANIC, INC   Case Number: 3:16-bk-02230-PMG  
             
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18  
             
INVENTORY REPORT            
             
INVENTORY BALANCE AT PETITION DATE:    $Nil     
INVENTORY RECONCILIATION:        
  Inventory Balance at Beginning of Month  $Nil  (a)  
     PLUS: Inventory Purchased During Month      
     MINUS: Inventory Used or Sold      
     PLUS/MINUS: Adjustments or Write-downs   *  
  Inventory on Hand at End of Month  $Nil     
             
METHOD OF COSTING INVENTORY:                                                                                      No inventory    
             
*For any adjustments or write-downs provide explanation and supporting documentation, if applicable.
                                                                                                      
INVENTORY AGING  
             
  Less than 6 6 months to Greater than Considered Total Inventory  
  months old 2 years old 2 years old Obsolete    
             
           = 100%  
             
* Aging Percentages must equal 100%.        
☐    Check here if inventory contains perishable items.    
             
Description of Obsolete Inventory:                                                                                                      
None            
                                                                                                      
             
FIXED ASSET REPORT          
             
FIXED ASSETS FAIR MARKET VALUE AT PETITION DATE:  $   218,023,300.00 (b)  
(Includes Property, Plant and Equipment)      
             
BRIEF DESCRIPTION (First Report Only):                                                                                                
             
             
             
FIXED ASSETS RECONCILIATION:        
Fixed Asset Book Value at Beginning of Month  $        2,832,922.35 (a)(b)  
MINUS:  Depreciation Expense        
PLUS:  New Purchases          
PLUS/MINUS: Adjustments or Write-downs  $                  (966.80) *  
Ending Monthly Balance    $        2,831,955.55    
             
*For any adjustments or write-downs, provide explanation and supporting documentation, if applicable.
Note to reader - this adjustment relates to physical "lumps of coal" sold as souvenirs through our merchandise retail operations
BRIEF DESCRIPTION OF FIXED ASSETS PURCHASED OR DISPOSED OF DURING THE REPORTING PERIOD:
No purchases or disposals 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: RMS TITANIC, INC Case Number: 3:16-bk-02230-PMG  
           
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18  
           
           
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 RMS Titanic Inc. Account number *4069  
           
Purpose of account: OPERATING - TRUST ACCOUNT      
           
Ending balance per bank statement    $          635,393.45  
Plus total amount of outstanding deposits    $                           -     
Minus: total amount of outstanding checks and other debits   *
Minus: service charges      $                           -     
End of month balance      $          635,393.45 ** ( a )
           
* Debit cards are used by None      
           
** If Closing Balance is negative, provide explanation: None    
           
           
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:  
           
  None Transferred to Payroll Account    
           
  None 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: RMS TITANIC, INC Case Number: 3:16-bk-02230-PMG  
           
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18  
           
           
           
Name of bank Bank of America Merrill Lynch Branch NOT APPLICABLE  
           
Account name RMS Titanic Inc. Account number *4069  
           
Purpose of account: OPERATING - TRUST ACCOUNT      
           
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   

 

 

 

Attachment 4B  
Monthly summary of bank activity - payroll account  
   
Name of Debtor: RMS TITANIC, INC   Case Number: 3:16-bk-02230-PMG  
             
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18    
             
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: 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 None        
             
** If Closing Balance is negative, provide explanation: None    
             
             
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 5B
Check register - payroll account
 
Name of Debtor: RMS TITANIC, INC   Case Number: 3:16-bk-02230-PMG
           
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18  
           
           
           
Name of bank None   Branch None  
           
Account name None   Account number None  
           
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
None          $                                      -   
           
           
           
           
           
           
TOTAL          $Nil 

 

 

 

Attachment 4C  
Monthly Summary of Bank Activity - Tax Account  
   
Name of Debtor: RMS TITANIC, INC   Case Number: 3:16-bk-02230-PMG  
             
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18    
             
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        
             
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: None    
             
             
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 5B  
Check register - tax account  
   
Name of Debtor: RMS TITANIC, INC   Case Number: 3:16-bk-02230-PMG  
             
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18    
             
             
             
Name of bank None   Branch None    
             
Account name None   Account number None    
             
Purpose of account: TAX          
             
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      $Nil  (a)
  Sales & Use Taxes Paid      $Nil  (b)
  Other Taxes Paid      $Nil  (c)
  TOTAL        $Nil  (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          
           
Instrument        Face Value Purchase Price Date of Purchase Current Market Value  
None          
           
           
           
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)    
None      $                                     -       
           
           
Total    $Nil   ( b )     
           
           
For any Petty Cash Disbursements over $100 per transaction, attach copies of receipts.  If 
there are no receipts, provide an explanation.      
           
           
           
           
TOTAL INVESTMENT ACCOUNTS AND PETTY CASH (a + b)  $Nil  (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: RMS TITANIC, INC   Case Number: 3:16-bk-02230-PMG
           
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18  
           
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
           
None          
           
           
           
           
           
           
Total     $Nil    

 

 

 

Attachment 7
Summary of Officer or Owner Compensation
Summary of personnel and insurance coverages
Name of Debtor: RMS TITANIC, INC Case Number: 3:16-bk-02230-PMG  
           
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18  
           
    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    
None          
           
           
           
Total     $Nil    
           
           
    PERSONNEL REPORT      
      Full time Part time  
Number of employees at beginning of period  None    
Number hired during the period   None    
Number terminated or resigned during period None    
Number of employees on payroll at end of period None    
           
           
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.).
           
No changes          
           
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.
               
None              
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
We anticipate filing a Plan of Reorganization and Disclosure Statement on or before To be determined  

 

 

 

 
APPENDIX
 
RMS Titanic, Inc.
Per MOR-3
(Unaudited) Balance Sheet
(Unaudited) Profit and Loss Statement
 
RMS Titanic, Inc.
Per MOR-7
Bank reconciliation form – Bank of America *4069
Account statement – Bank of America *4069

 EX-99.4 5 exh_994.htm EXHIBIT 99.4

Exhibit 99.4

 

UNITED STATES BANKRUPTCY COURT
MIDDLE DISTRICT OF FLORIDA
JACKSONVILLE DIVISION 
               
  IN RE:     } CASE NUMBER    
        } 3:16-bk-02238-PMG    
  ARTS AND EXHIBITIONS INTERNATIONAL, LLC }      
        } JUDGE PAUL M. GLENN
        }      
  DEBTOR.     } CHAPTER 11    
               
               
  DEBTOR'S STANDARD MONTHLY OPERATING REPORT (BUSINESS)    
               
        FOR THE PERIOD    
    FROM January 1, 2018 TO January 31, 2018    
               
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:  
               
ARTS AND EXHIBITIONS INTERNATIONAL, 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/     

 

 

 

SCHEDULE OF RECEIPTS AND DISBURSEMENTS  
  FOR THE PERIOD BEGINNING 1-Jan-18 AND ENDING 31-Jan-18    
             
Name of Debtor: ARTS AND EXHIBITIONS INTERNATIONAL, LLC   Case Number 3:16-bk-02238-PMG    
Date of Petition: 14-Jun-16          
             
    Current month   Cumulative     
      Petition to date    
             
1. Funds at beginning of period per bank  $Nil   ( a )   $Nil  ( b )  
             
2. Receipts:            
  A. Cash sales          
  Minus: Cash refunds          
  Net cash sales          
             
  B. Accounts receivable  $                    -       $                           -       
             
  C. Other receipts (see MOR-3)          
  Note: invoice & receipts at the same time          
             
3. Total receipts (lines 2A+2B+2C)  $                    -       $                           -       
             
4. Total funds available for operations (line 1+line 3)  $Nil     $Nil     
             
5. Disbursements          
  A. Advertising          
  B. Bank charges          
  C. Contract labour          
  D. Fixed asset payments (not incl in "N")          
  E. Insurance          
  F. Inventory payments          
  G. Leases          
  H. Manufacturing supplies          
  I. Office supplies          
  J. Payroll - net (see attachment 4B)          
  K. Professional fees (Accounting & legal)          
  L. Rent           
  M. Repairs & maintenance          
  N. Secured creditor payments (see attach 2)          
  O. Taxes paid - payroll (see attachment 4C)          
  P. Taxes paid - sales & use (see attach 4C)          
  Q. Taxes paid - Other (see attachment 4C)          
  R. Telephone          
  S. Travel & entertainment          
  T. U.S. Trustee Quarterly Fees          
  U. Utilities          
  V. Vehicle expenses (car rental)          
  W. Other operating expenses           
6. Total Disbursements (sum of 5A thru W)  $                    -       $                           -       
7. Ending balance (line 4 minus line 6)  $Nil   ( c )   $Nil  ( 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      20th   day of  February, 2018. Signature /s/ Jerome Henshall    
             
(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    
None      $                          -       $                         -       
               
               
               
               
               
               
               
               
               
               
TOTAL OTHER RECEIPTS    $Nil     $Nil     
               
 “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    
None      $                          -       $                         -       
               
               
               
               
 TOTAL OTHER DISBURSEMENTS    $Nil     $Nil     
               
NOTE: Attach a current Balance Sheet and Income (Profit & Loss) Statement.      
Please refer to Appendix            

 

 

 

Attachment 1      
Monthly Accounts Receivable Reconciliation and Aging      
       
Name of Debtor: ARTS AND EXHIBITIONS INTERNATIONAL, LLC Case Number: 3:16-bk-02238-PMG        
                 
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18        
                 
ACCOUNTS RECEIVABLE AT PETITION DATE:  $NIL           
                 
                 
Accounts receivable reconciliation      
(Include all accounts receivable, pre-petition and post-petition, including charge card sales which have not been received):
                 
Beginning of Month Balance    $Nil  ( a )        
Plus: current month new billings            
Minus: collection during the month   ( b )        
Plus/ minus: adjustments or writeoffs   *        
End of month balance    $Nil  ( 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        
                 
 $                     -     $                        -     $                            -     $                        -     $Nil  ( c )      
                 
For any receivables in the “Over 90 Days” category, please provide the following:        
None                
                 
Customer   Receivable Date   Status (Collection efforts taken, estimate of collectibility
        write-off, disputed account, etc.)    
None                
                 
                 
                 
(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: ARTS AND EXHIBITIONS INTERNATIONAL, LLC Case Number: 3:16-bk-02238-PMG        
                 
Reporting period beginning 1-Jan-18 Period ending 31-Jan-18        
                 
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        
None                
                 
                 
                 
                 
                 
                 
Total amount        $Nil  ( 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)      
                 
                 
Opening Balance    $Nil  ( a )        
PLUS: New indebtedness incurred this month            
MINUS: Amount paid on post petition            
Accounts payable this month  $                                                 -             
PLUS/MINUS: adjustments   $                                                 -    *        
End of month balance    $Nil  ( 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  
                 
None      $                                                 -             
                 
                 
                 
TOTAL      $Nil  (d)        
(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, 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: ARTS AND EXHIBITIONS INTERNATIONAL, LLC Case Number: 3:16-bk-02238-PMG    
               
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18    
               
INVENTORY REPORT              
               
INVENTORY BALANCE AT PETITION DATE:    $Nil       
INVENTORY RECONCILIATION:          
  Inventory Balance at Beginning of Month  $Nil  (a)    
     PLUS: Inventory Purchased During Month        
     MINUS: Inventory Used or Sold        
     PLUS/MINUS: Adjustments or Write-downs   *    
  Inventory on Hand at End of Month  $Nil       
               
METHOD OF COSTING INVENTORY: No inventory      
               
*For any adjustments or write-downs provide explanation and supporting documentation, if applicable.  
                                                                                                        
INVENTORY AGING
               
  Less than 6 6 months to Greater than Considered Total Inventory    
  months old 2 years old 2 years old Obsolete      
               
           = 100%    
               
* Aging Percentages must equal 100%.          
☐    Check here if inventory contains perishable items.      
               
Description of Obsolete Inventory:    
None              
                                                                                                        
               
FIXED ASSET REPORT            
               
FIXED ASSETS FAIR MARKET VALUE AT PETITION DATE:  $Nil  (b)    
(Includes Property, Plant and Equipment)        
               
BRIEF DESCRIPTION (First Report Only):    
               
                                                                                                        
               
FIXED ASSETS RECONCILIATION:          
Fixed Asset Book Value at Beginning of Month  $Nil  (a)(b)    
MINUS:  Depreciation Expense          
PLUS:  New Purchases            
PLUS/MINUS: Adjustments or Write-downs   *    
Ending Monthly Balance    $Nil       
               
*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: ARTS AND EXHIBITIONS INTERNATIONAL, LLC Case Number: 3:16-bk-02238-PMG  
           
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18  
           
           
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 None   Branch None  
           
Account name None   Account number None  
           
Purpose of account: OPERATING        
           
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: None    
           
           
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:  
           
  None Transferred to Payroll Account    
           
  None 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: ARTS AND EXHIBITIONS INTERNATIONAL, LLC Case Number: 3:16-bk-02238-PMG  
           
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18  
           
           
           
Name of bank None   Branch None  
           
Account name None   Account number None  
           
Purpose of account: OPERATING        
           
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   

 

 

 

Attachment 4B  
Monthly summary of bank activity - payroll account  
   
Name of Debtor: ARTS AND EXHIBITIONS INTERNATIONAL, LLC Case Number: 3:16-bk-02238-PMG  
             
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18    
             
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: 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 None        
             
** If Closing Balance is negative, provide explanation: None    
             
             
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 5B
Check register - payroll account
 
Name of Debtor: ARTS AND EXHIBITIONS INTERNATIONAL, LLC Case Number: 3:16-bk-02238-PMG
           
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18  
           
           
           
Name of bank None   Branch None  
           
Account name None   Account number None  
           
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
None          $                                      -   
           
           
           
           
           
           
TOTAL          $Nil 

 

 

 

Attachment 4C  
Monthly Summary of Bank Activity - Tax Account  
   
Name of Debtor: ARTS AND EXHIBITIONS INTERNATIONAL, LLC Case Number: 3:16-bk-02238-PMG  
             
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18    
             
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        
             
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: None    
             
             
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 5B  
Check register - tax account  
   
Name of Debtor: ARTS AND EXHIBITIONS INTERNATIONAL, LLC Case Number: 3:16-bk-02238-PMG  
             
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18    
             
             
             
Name of bank None   Branch None    
             
Account name None   Account number None    
             
Purpose of account: TAX          
             
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      $Nil  (a)
  Sales & Use Taxes Paid      $Nil  (b)
  Other Taxes Paid      $Nil  (c)
  TOTAL        $Nil  (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          
           
Instrument        Face Value Purchase Price Date of Purchase Current Market Value  
None          
           
           
           
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)    
None          
       $                                     -       
           
Total    $Nil   ( b )     
           
           
For any Petty Cash Disbursements over $100 per transaction, attach copies of receipts.  If 
there are no receipts, provide an explanation.      
           
           
           
           
TOTAL INVESTMENT ACCOUNTS AND PETTY CASH (a + b)  $Nil  (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: ARTS AND EXHIBITIONS INTERNATIONAL, LLC Case Number: 3:16-bk-02238-PMG
           
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18  
           
    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
           
None          
           
           
           
           
           
           
Total     $Nil    

 

 

 

Attachment 7
Summary of Officer or Owner Compensation
Summary of personnel and insurance coverages
Name of Debtor: ARTS AND EXHIBITIONS INTERNATIONAL, LLC Case Number: 3:16-bk-02238-PMG  
           
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18  
           
    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    
None          
           
           
           
Total     $Nil    
           
           
    PERSONNEL REPORT      
      Full time Part time  
Number of employees at beginning of period  None    
Number hired during the period   None    
Number terminated or resigned during period None    
Number of employees on payroll at end of period None    
           
           
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.).
           
No change          
           
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.
               
None              
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
We anticipate filing a Plan of Reorganization and Disclosure Statement on or before To be determined  

 

 

 

APPENDIX 
 
Arts and Exhibitions International, LLC 
 
Per MOR-3
(Unaudited) Balance Sheet
(Unaudited) Profit and Loss Statement

 

 EX-99.5 6 exh_995.htm EXHIBIT 99.5

Exhibit 99.5

 

UNITED STATES BANKRUPTCY COURT
MIDDLE DISTRICT OF FLORIDA
JACKSONVILLE DIVISION 
               
  IN RE:     } CASE NUMBER    
        } 3:16-bk-02236-PMG    
  PREMIER MERCHANDISING, LLC }      
        } JUDGE PAUL M. GLENN
        }      
  DEBTOR.     } CHAPTER 11    
               
               
  DEBTOR'S STANDARD MONTHLY OPERATING REPORT (BUSINESS)    
               
        FOR THE PERIOD    
    FROM January 1, 2018 TO January 31, 2018    
               
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 MERCHANDISING, 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/     

 

 

 

SCHEDULE OF RECEIPTS AND DISBURSEMENTS  
  FOR THE PERIOD BEGINNING 1-Jan-18 AND ENDING 31-Jan-18    
             
Name of Debtor: PREMIER MERCHANDISING, LLC   Case Number 3:16-bk-02236-PMG    
Date of Petition: 14-Jun-16          
             
    Current month   Cumulative     
      Petition to date    
             
1. Funds at beginning of period per bank  $Nil   ( a )   $Nil  ( b )  
             
2. Receipts:            
  A. Cash sales          
  Minus: Cash refunds          
  Net cash sales          
             
  B. Accounts receivable  $                    -           
             
  C. Other receipts (see MOR-3)          
  Note: invoice & receipts at the same time          
             
3. Total receipts (lines 2A+2B+2C)  $                    -       $                           -       
             
4. Total funds available for operations (line 1+line 3)  $Nil     $Nil     
             
5. Disbursements          
  A. Advertising          
  B. Bank charges          
  C. Contract labour          
  D. Fixed asset payments (not incl in "N")          
  E. Insurance          
  F. Inventory payments          
  G. Leases          
  H. Manufacturing supplies          
  I. Office supplies          
  J. Payroll - net (see attachment 4B)          
  K. Professional fees (Accounting & legal)          
  L. Rent           
  M. Repairs & maintenance          
  N. Secured creditor payments (see attach 2)          
  O. Taxes paid - payroll (see attachment 4C)          
  P. Taxes paid - sales & use (see attach 4C)          
  Q. Taxes paid - Other (see attachment 4C)          
  R. Telephone          
  S. Travel & entertainment          
  T. U.S. Trustee Quarterly Fees          
  U. Utilities          
  V. Vehicle expenses (car rental)          
  W. Other operating expenses           
6. Total Disbursements (sum of 5A thru W)  $                    -       $                           -       
7. Ending balance (line 4 minus line 6)  $Nil   ( c )   $Nil  ( 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      _  20th     day of   February, 2018. Signature /s/ Jerome Henshall    
             
(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    
None      $                          -       $                         -       
               
               
               
               
               
               
               
               
               
               
TOTAL OTHER RECEIPTS    $Nil     $Nil     
               
 “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    
None      $                          -       $                         -       
               
               
               
               
 TOTAL OTHER DISBURSEMENTS    $Nil     $Nil     
               
NOTE: Attach a current Balance Sheet and Income (Profit & Loss) Statement.      
Please refer to Appendix            

 

 

 

Attachment 1      
Monthly Accounts Receivable Reconciliation and Aging      
       
Name of Debtor: PREMIER MERCHANDISING, LLC Case Number: 3:16-bk-02236-PMG        
                 
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18        
                 
ACCOUNTS RECEIVABLE AT PETITION DATE:  $NIL           
                 
                 
Accounts receivable reconciliation      
(Include all accounts receivable, pre-petition and post-petition, including charge card sales which have not been received):
                 
Beginning of Month Balance    $Nil  ( a )        
Plus: current month new billings            
Minus: collection during the month   ( b )        
Plus/ minus: adjustments or writeoffs   *        
End of month balance    $Nil  ( 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        
                 
 $                     -     $                         -     $                            -     $                        -     $Nil  ( c )      
                 
For any receivables in the “Over 90 Days” category, please provide the following:        
None                
                 
Customer   Receivable Date   Status (Collection efforts taken, estimate of collectibility
        write-off, disputed account, etc.)    
None                
                 
                 
                 
(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 MERCHANDISING, LLC Case Number: 3:16-bk-02236-PMG        
                 
Reporting period beginning 1-Jan-18 Period ending 31-Jan-18        
                 
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        
None                
                 
                 
                 
                 
                 
                 
Total amount        $Nil  ( 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)      
                 
                 
Opening Balance    $Nil  ( a )        
PLUS: New indebtedness incurred this month            
MINUS: Amount paid on post petition            
Accounts payable this month  $                                                 -             
PLUS/MINUS: adjustments   $                                                 -    *        
End of month balance    $Nil  ( 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  
                 
None      $                                                 -             
                 
                 
                 
TOTAL      $Nil  (d)        
(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, 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 MERCHANDISING, LLC Case Number: 3:16-bk-02236-PMG    
               
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18    
               
INVENTORY REPORT              
               
INVENTORY BALANCE AT PETITION DATE:    $            260,167.00      
INVENTORY RECONCILIATION:          
  Inventory Balance at Beginning of Month   (a)    
     PLUS: Inventory Purchased During Month        
     MINUS: Inventory Used or Sold  $                             -         
     PLUS/MINUS: Adjustments or Write-downs   *    
  Inventory on Hand at End of Month  $                             -         
               
METHOD OF COSTING INVENTORY:                                                                                      Weighted average cost      
               
*For any adjustments or write-downs provide explanation and supporting documentation, if applicable.  
Note: In July 2016 MOR, PE Merch transferred its inventory to Premier Exhibitions Management, LLC  
               
INVENTORY AGING
               
  Less than 6 6 months to Greater than Considered Total Inventory    
  months old 2 years old 2 years old Obsolete      
               
          0%    
               
* Aging Percentages must equal 100%.          
☐    Check here if inventory contains perishable items.      
               
Description of Obsolete Inventory:    
               
                                                                                                        
               
FIXED ASSET REPORT            
               
FIXED ASSETS FAIR MARKET VALUE AT PETITION DATE:  $Nil  (b)    
(Includes Property, Plant and Equipment)        
               
BRIEF DESCRIPTION (First Report Only):    
SNL Merchandise Fixed Assets          
                                                                                                        
               
FIXED ASSETS RECONCILIATION:          
Fixed Asset Book Value at Beginning of Month  $                  149,976 (a)(b)    
MINUS:  Depreciation Expense   -                        5,159      
PLUS:  New Purchases            
PLUS/MINUS: Adjustments or Write-downs   *    
Ending Monthly Balance    $                  144,817      
               
*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 MERCHANDISING, LLC Case Number: 3:16-bk-02236-PMG  
           
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18  
           
           
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 None   Branch None  
           
Account name None   Account number None  
           
Purpose of account: OPERATING        
           
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: None    
           
           
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:  
           
  None Transferred to Payroll Account    
           
  None 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 MERCHANDISING, LLC Case Number: 3:16-bk-02236-PMG  
           
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18  
           
           
           
Name of bank None   Branch None  
           
Account name None   Account number None  
           
Purpose of account: OPERATING        
           
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   

 

 

 

Attachment 4B  
Monthly summary of bank activity - payroll account  
   
Name of Debtor: PREMIER MERCHANDISING, LLC Case Number: 3:16-bk-02236-PMG  
             
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18    
             
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: 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 None        
             
** If Closing Balance is negative, provide explanation: None    
             
             
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 5B
Check register - payroll account
 
Name of Debtor: PREMIER MERCHANDISING, LLC Case Number: 3:16-bk-02236-PMG
           
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18  
           
           
           
Name of bank None   Branch None  
           
Account name None   Account number None  
           
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
None          $                                      -   
           
           
           
           
           
           
TOTAL          $Nil 

 

 

 

Attachment 4C  
Monthly Summary of Bank Activity - Tax Account  
   
Name of Debtor: PREMIER MERCHANDISING, LLC Case Number: 3:16-bk-02236-PMG  
             
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18    
             
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        
             
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: None    
             
             
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 5B  
Check register - tax account  
   
Name of Debtor: PREMIER MERCHANDISING, LLC   Case Number: 3:16-bk-02236-PMG  
             
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18    
             
             
             
Name of bank None   Branch None    
             
Account name None   Account number None    
             
Purpose of account: TAX          
             
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      $Nil  (a)
  Sales & Use Taxes Paid      $Nil  (b)
  Other Taxes Paid      $Nil  (c)
  TOTAL        $Nil  (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          
           
Instrument        Face Value Purchase Price Date of Purchase Current Market Value  
None          
           
           
           
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)    
None          
       $                                     -       
           
Total    $Nil   ( b )     
           
           
For any Petty Cash Disbursements over $100 per transaction, attach copies of receipts.  If 
there are no receipts, provide an explanation.      
           
           
           
           
TOTAL INVESTMENT ACCOUNTS AND PETTY CASH (a + b)  $Nil  (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 MERCHANDISING, LLC Case Number: 3:16-bk-02236-PMG
           
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18  
           
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
           
None          
           
           
           
           
NOT APPLICABLE          
           
Total     $Nil    

 

 

 

Attachment 7
Summary of Officer or Owner Compensation
Summary of personnel and insurance coverages
Name of Debtor: PREMIER MERCHANDISING, LLC Case Number: 3:16-bk-02236-PMG  
           
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18  
           
    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    
None          
           
           
           
Total     $Nil    
           
           
    PERSONNEL REPORT      
      Full time Part time  
Number of employees at beginning of period  None    
Number hired during the period   None    
Number terminated or resigned during period None    
Number of employees on payroll at end of period None    
           
           
    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.).
           
           
           
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 To be determined  

 

 

 

APPENDIX 
 
Premier Merchandising, LLC 
 
Per MOR-3
(Unaudited) Balance Sheet
(Unaudited) Profit and Loss Statement

 EX-99.6 7 exh_996.htm EXHIBIT 99.6

Exhibit 99.6

 

UNITED STATES BANKRUPTCY COURT
MIDDLE DISTRICT OF FLORIDA
JACKSONVILLE DIVISION 
               
  IN RE:     } CASE NUMBER    
        } 3:16-bk-02234-PMG    
  PREMIER EXHIBITIONS INTERNATIONAL, LLC }      
        } JUDGE PAUL M. GLENN
        }      
  DEBTOR.     } CHAPTER 11    
               
               
  DEBTOR'S STANDARD MONTHLY OPERATING REPORT (BUSINESS)    
               
        FOR THE PERIOD    
    FROM January 1, 2018 TO January 31, 2018    
               
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 INTERNATIONAL, 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/     

 

 

 

SCHEDULE OF RECEIPTS AND DISBURSEMENTS  
  FOR THE PERIOD BEGINNING 1-Jan-18 AND ENDING 31-Jan-18    
             
Name of Debtor: PREMIER EXHIBITIONS INTERNATIONAL, LLC   Case Number 3:16-bk-02234-PMG    
Date of Petition: 14-Jun-16          
             
    Current month   Cumulative     
      Petition to date    
             
1. Funds at beginning of period per bank  $Nil   ( a )   $Nil  ( b )  
             
2. Receipts:            
  A. Cash sales          
  Minus: Cash refunds          
  Net cash sales          
             
  B. Accounts receivable  $                    -           
             
  C. Other receipts (see MOR-3)          
  Note: invoice & receipts at the same time          
             
3. Total receipts (lines 2A+2B+2C)  $                    -       $                           -       
             
4. Total funds available for operations (line 1+line 3)  $Nil     $Nil     
             
5. Disbursements          
  A. Advertising          
  B. Bank charges          
  C. Contract labour          
  D. Fixed asset payments (not incl in "N")          
  E. Insurance          
  F. Inventory payments          
  G. Leases          
  H. Manufacturing supplies          
  I. Office supplies          
  J. Payroll - net (see attachment 4B)          
  K. Professional fees (Accounting & legal)          
  L. Rent           
  M. Repairs & maintenance          
  N. Secured creditor payments (see attach 2)          
  O. Taxes paid - payroll (see attachment 4C)          
  P. Taxes paid - sales & use (see attach 4C)          
  Q. Taxes paid - Other (see attachment 4C)          
  R. Telephone          
  S. Travel & entertainment          
  T. U.S. Trustee Quarterly Fees          
  U. Utilities          
  V. Vehicle expenses (car rental)          
  W. Other operating expenses           
6. Total Disbursements (sum of 5A thru W)  $                    -       $                           -       
7. Ending balance (line 4 minus line 6)  $Nil   ( c )   $Nil  ( 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         20th     day of   February, 2018. Signature /s/ Jerome Henshall    
             
(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    
None      $                          -       $                         -       
               
               
               
               
               
               
               
               
               
               
TOTAL OTHER RECEIPTS    $Nil     $Nil     
               
 “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    
None      $                          -       $                         -       
               
               
               
               
 TOTAL OTHER DISBURSEMENTS    $Nil     $Nil     
               
NOTE: Attach a current Balance Sheet and Income (Profit & Loss) Statement.      
Please refer to Appendix            

 

 

 

Attachment 1      
Monthly Accounts Receivable Reconciliation and Aging      
       
Name of Debtor: PREMIER EXHIBITIONS INTERNATIONAL, LLC Case Number: 3:16-bk-02234-PMG        
                 
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18        
                 
ACCOUNTS RECEIVABLE AT PETITION DATE:  $NIL           
                 
                 
Accounts receivable reconciliation      
(Include all accounts receivable, pre-petition and post-petition, including charge card sales which have not been received):
                 
Beginning of Month Balance    $                        -    ( a )        
Plus: current month new billings            
Minus: collection during the month   ( b )        
Plus/ minus: adjustments or writeoffs   *        
End of month balance    $Nil  ( 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        
                 
 $                     -     $                         -     $                            -     $                        -     $Nil  ( c )      
                 
For any receivables in the “Over 90 Days” category, please provide the following:        
None                
                 
Customer   Receivable Date   Status (Collection efforts taken, estimate of collectibility
        write-off, disputed account, etc.)    
None                
                 
                 
                 
(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 INTERNATIONAL, LLC Case Number: 3:16-bk-02234-PMG        
                 
Reporting period beginning 1-Jan-18 Period ending 31-Jan-18        
                 
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        
None                
                 
                 
                 
                 
                 
                 
Total amount        $Nil  ( 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)      
                 
                 
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    $Nil  ( 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  
                 
None      $                                                 -             
                 
                 
                 
TOTAL      $Nil  (d)        
(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, 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 INTERNATIONAL, LLC Case Number: 3:16-bk-02234-PMG    
               
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18    
               
INVENTORY REPORT              
               
INVENTORY BALANCE AT PETITION DATE:    $Nil       
INVENTORY RECONCILIATION:          
  Inventory Balance at Beginning of Month  $                             -    (a)    
     PLUS: Inventory Purchased During Month        
     MINUS: Inventory Used or Sold        
     PLUS/MINUS: Adjustments or Write-downs   *    
  Inventory on Hand at End of Month  $Nil       
               
METHOD OF COSTING INVENTORY: No inventory      
               
*For any adjustments or write-downs provide explanation and supporting documentation, if applicable.  
                                                                                                        
INVENTORY AGING
               
  Less than 6 6 months to Greater than Considered Total Inventory    
  months old 2 years old 2 years old Obsolete      
               
           = 100%    
               
* Aging Percentages must equal 100%.          
☐    Check here if inventory contains perishable items.        
               
Description of Obsolete Inventory:    
None              
                                                                                                        
               
FIXED ASSET REPORT            
               
FIXED ASSETS FAIR MARKET VALUE AT PETITION DATE:  $Nil  (b)    
(Includes Property, Plant and Equipment)          
               
BRIEF DESCRIPTION (First Report Only):    
No fixed assets            
                                                                                                        
               
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    $Nil       
               
*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 INTERNATIONAL, LLC Case Number: 3:16-bk-02234-PMG  
           
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18  
           
           
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 None   Branch None  
           
Account name None   Account number None  
           
Purpose of account: OPERATING        
           
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: None    
           
           
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:  
           
  None Transferred to Payroll Account    
           
  None 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 INTERNATIONAL, LLC Case Number: 3:16-bk-02234-PMG  
           
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18  
           
           
           
Name of bank None   Branch None  
           
Account name None   Account number None  
           
Purpose of account: OPERATING        
           
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   

 

 

 

Attachment 4B  
Monthly summary of bank activity - payroll account  
   
Name of Debtor: PREMIER EXHIBITIONS INTERNATIONAL, LLC Case Number: 3:16-bk-02234-PMG  
             
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18    
             
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: 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 None        
             
** If Closing Balance is negative, provide explanation: None    
             
             
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 5B
Check register - payroll account
 
Name of Debtor: PREMIER EXHIBITIONS INTERNATIONAL, LLC Case Number: 3:16-bk-02234-PMG
           
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18  
           
           
           
Name of bank None   Branch None  
           
Account name None   Account number None  
           
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
None          $                                      -   
           
           
           
           
           
           
TOTAL          $Nil 

 

 

 

Attachment 4C  
Monthly Summary of Bank Activity - Tax Account  
   
Name of Debtor: PREMIER EXHIBITIONS INTERNATIONAL, LLC Case Number: 3:16-bk-02234-PMG  
             
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18    
             
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        
             
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: None    
             
             
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 5B  
Check register - tax account  
   
Name of Debtor: PREMIER EXHIBITIONS INTERNATIONAL, LLC Case Number: 3:16-bk-02234-PMG  
             
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18    
             
             
             
Name of bank None   Branch None    
             
Account name None   Account number None    
             
Purpose of account: TAX          
             
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      $                                      -    (a)
  Sales & Use Taxes Paid      $                                      -    (b)
  Other Taxes Paid        $                                      -    (c)
  TOTAL        $Nil  (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          
           
Instrument        Face Value Purchase Price Date of Purchase Current Market Value  
None          
           
           
           
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)    
None          
       $                                     -       
           
Total    $Nil   ( b )     
           
           
For any Petty Cash Disbursements over $100 per transaction, attach copies of receipts.  If 
there are no receipts, provide an explanation.      
           
           
           
           
TOTAL INVESTMENT ACCOUNTS AND PETTY CASH (a + b)  $Nil  (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 INTERNATIONAL, LLC Case Number: 3:16-bk-02234-PMG
           
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18  
           
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
           
None          
           
           
           
           
           
           
Total     $Nil    

 

 

 

Attachment 7
Summary of Officer or Owner Compensation
Summary of personnel and insurance coverages
Name of Debtor: PREMIER EXHIBITIONS INTERNATIONAL, LLC Case Number: 3:16-bk-02234-PMG  
           
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18  
           
    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    
None          
           
           
           
Total     $Nil    
           
           
    PERSONNEL REPORT      
      Full time Part time  
Number of employees at beginning of period  None    
Number hired during the period   None    
Number terminated or resigned during period None    
Number of employees on payroll at end of period None    
           
           
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.).
           
No changes          
           
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.
               
None              
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
We anticipate filing a Plan of Reorganization and Disclosure Statement on or before To be determined  

 

 

 

APPENDIX 
 
Premier Exhibitions International, LLC 
 
Per MOR-3
(Unaudited) Balance Sheet
(Unaudited) Profit and Loss Statement

 

 

 

           
PREMIER EXHIBITIONS INTERNATIONAL, LLC    
           
BALANCE SHEET        
           
ASSETS         31-Jan-18
           
Due from Premier Exhibitions Management LLC    $                  1
           
           
CAPITAL STOCK        
  Common stock        $                  1
           
           
STATEMENT OF INCOME        
           
Revenue         $Nil
           
Expenses         $Nil
           
Net Earnings       $Nil

 EX-99.7 8 exh_997.htm EXHIBIT 99.7

Exhibit 99.7

 

UNITED STATES BANKRUPTCY COURT
MIDDLE DISTRICT OF FLORIDA
JACKSONVILLE DIVISION 
               
  IN RE:     } CASE NUMBER    
        } 3:16-bk-02235-PMG    
  PREMIER EXHIBITIONS NYC, LLC }      
        } JUDGE PAUL M. GLENN
        }      
  DEBTOR.     } CHAPTER 11    
               
               
  DEBTOR'S STANDARD MONTHLY OPERATING REPORT (BUSINESS)    
               
        FOR THE PERIOD    
    FROM January 1, 2018 TO January 31, 2018    
               
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 NYC, 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/     

 

 

 

SCHEDULE OF RECEIPTS AND DISBURSEMENTS  
  FOR THE PERIOD BEGINNING 1-Jan-18 AND ENDING 31-Jan-18    
             
Name of Debtor: PREMIER EXHIBITIONS NYC, LLC   Case Number 3:16-bk-02235-PMG    
Date of Petition: 14-Jun-16          
             
    Current month   Cumulative     
      Petition to date    
             
1. Funds at beginning of period per bank  $Nil   ( a )   $Nil  ( b )  
             
2. Receipts:            
  A. Cash sales          
  Minus: Cash refunds          
  Net cash sales          
             
  B. Accounts receivable  $                    -           
             
  C. Other receipts (see MOR-3)          
  Note: invoice & receipts at the same time          
             
3. Total receipts (lines 2A+2B+2C)  $                    -       $                           -       
             
4. Total funds available for operations (line 1+line 3)  $Nil     $Nil     
             
5. Disbursements          
  A. Advertising          
  B. Bank charges          
  C. Contract labour          
  D. Fixed asset payments (not incl in "N")          
  E. Insurance          
  F. Inventory payments          
  G. Leases          
  H. Manufacturing supplies          
  I. Office supplies          
  J. Payroll - net (see attachment 4B)          
  K. Professional fees (Accounting & legal)          
  L. Rent           
  M. Repairs & maintenance          
  N. Secured creditor payments (see attach 2)          
  O. Taxes paid - payroll (see attachment 4C)          
  P. Taxes paid - sales & use (see attach 4C)          
  Q. Taxes paid - Other (see attachment 4C)          
  R. Telephone          
  S. Travel & entertainment          
  T. U.S. Trustee Quarterly Fees          
  U. Utilities          
  V. Vehicle expenses (car rental)          
  W. Other operating expenses           
6. Total Disbursements (sum of 5A thru W)  $                    -       $                           -       
7. Ending balance (line 4 minus line 6)  $Nil   ( c )   $Nil  ( 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      _   20th      day of   February, 2018. Signature /s/ Jerome Henshall    
             
(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    
None      $                          -       $                         -       
               
               
               
               
               
               
               
               
               
               
TOTAL OTHER RECEIPTS    $Nil     $Nil     
               
 “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       
$Nil              
               
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    
None      $                          -       $                         -       
               
               
               
               
 TOTAL OTHER DISBURSEMENTS    $Nil     $Nil     
               
NOTE: Attach a current Balance Sheet and Income (Profit & Loss) Statement.      
Please refer to Appendix            

 

 

 

Attachment 1      
Monthly Accounts Receivable Reconciliation and Aging      
       
Name of Debtor: PREMIER EXHIBITIONS NYC, LLC Case Number: 3:16-bk-02235-PMG        
                 
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18        
                 
ACCOUNTS RECEIVABLE AT PETITION DATE:  $NIL           
                 
                 
Accounts receivable reconciliation      
(Include all accounts receivable, pre-petition and post-petition, including charge card sales which have not been received):
                 
Beginning of Month Balance    $Nil  ( a )        
Plus: current month new billings            
Minus: collection during the month   ( b )        
Plus/ minus: adjustments or writeoffs   *        
End of month balance    $Nil  ( 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        
                 
 $                     -     $                      -     $                            -     $                        -     $Nil  ( c )      
                 
For any receivables in the “Over 90 Days” category, please provide the following:        
None                
                 
Customer   Receivable Date   Status (Collection efforts taken, estimate of collectibility
        write-off, disputed account, etc.)    
None                
                 
                 
                 
(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 NYC, LLC Case Number: 3:16-bk-02235-PMG        
                 
Reporting period beginning 1-Jan-18 Period ending 31-Jan-18        
                 
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        
None                
                 
                 
                 
                 
                 
                 
Total amount        $Nil  ( 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)      
                 
                 
Opening Balance    $Nil  ( a )        
PLUS: New indebtedness incurred this month            
MINUS: Amount paid on post petition            
Accounts payable this month  $                                                 -             
PLUS/MINUS: adjustments   $                                                 -    *        
End of month balance    $Nil  ( 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  
                 
None      $                                                 -             
                 
                 
                 
TOTAL      $Nil  (d)        
(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, 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 NYC, LLC Case Number: 3:16-bk-02235-PMG    
               
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18    
               
INVENTORY REPORT              
               
INVENTORY BALANCE AT PETITION DATE:    $Nil       
INVENTORY RECONCILIATION:          
  Inventory Balance at Beginning of Month  $Nil  (a)    
     PLUS: Inventory Purchased During Month        
     MINUS: Inventory Used or Sold        
     PLUS/MINUS: Adjustments or Write-downs   *    
  Inventory on Hand at End of Month  $Nil       
               
METHOD OF COSTING INVENTORY:                                                                                      No inventory      
               
*For any adjustments or write-downs provide explanation and supporting documentation, if applicable.  
                                                                                                        
INVENTORY AGING
               
  Less than 6 6 months to Greater than Considered Total Inventory    
  months old 2 years old 2 years old Obsolete      
               
           = 100%    
               
* Aging Percentages must equal 100%.          
☐    Check here if inventory contains perishable items.      
               
Description of Obsolete Inventory:    
None              
                                                                                                        
               
FIXED ASSET REPORT            
               
FIXED ASSETS FAIR MARKET VALUE AT PETITION DATE:  $Nil  (b)    
(Includes Property, Plant and Equipment)        
               
BRIEF DESCRIPTION (First Report Only):    
No fixed assets            
                                                                                                        
               
FIXED ASSETS RECONCILIATION:          
Fixed Asset Book Value at Beginning of Month  $Nil  (a)(b)    
MINUS:  Depreciation Expense          
PLUS:  New Purchases            
PLUS/MINUS: Adjustments or Write-downs   *    
Ending Monthly Balance    $Nil       
               
*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 NYC, LLC Case Number: 3:16-bk-02235-PMG  
           
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18  
           
           
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 None   Branch None  
           
Account name None   Account number None  
           
Purpose of account: OPERATING        
           
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: None    
           
           
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:  
           
  None Transferred to Payroll Account    
           
  None 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 NYC, LLC Case Number: 3:16-bk-02235-PMG  
           
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18  
           
           
           
Name of bank None   Branch None  
           
Account name None   Account number None  
           
Purpose of account: OPERATING        
           
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   

 

 

 

Attachment 4B  
Monthly summary of bank activity - payroll account  
   
Name of Debtor: PREMIER EXHIBITIONS NYC, LLC Case Number: 3:16-bk-02235-PMG  
             
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18    
             
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: 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 None        
             
** If Closing Balance is negative, provide explanation: None    
             
             
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 5B
Check register - payroll account
 
Name of Debtor: PREMIER EXHIBITIONS NYC, LLC Case Number: 3:16-bk-02235-PMG
           
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18  
           
           
           
Name of bank None   Branch None  
           
Account name None   Account number None  
           
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
None          $                                      -   
           
           
           
           
           
           
TOTAL          $Nil 

 

 

 

Attachment 4C  
Monthly Summary of Bank Activity - Tax Account  
   
Name of Debtor: PREMIER EXHIBITIONS NYC, LLC Case Number: 3:16-bk-02235-PMG  
             
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18    
             
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        
             
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: None    
             
             
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 5B  
Check register - tax account  
   
Name of Debtor: PREMIER EXHIBITIONS NYC, LLC Case Number: 3:16-bk-02235-PMG  
             
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18    
             
             
             
Name of bank None   Branch None    
             
Account name None   Account number None    
             
Purpose of account: TAX          
             
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  
The sales tax for Atlanta is filed through this entity but we have included all sales tax filings under   
Premier Exhibitions Management as that is where they are paid.            
             
             
             
             
             
TOTAL          $Nil  (d)
             
    SUMMARY OF TAXES PAID    
  Payroll Taxes Paid     $Nil (a)
  Sales & Use Taxes Paid     $Nil (b)
  Other Taxes Paid     $Nil (c)
  TOTAL       $Nil (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          
           
Instrument        Face Value Purchase Price Date of Purchase Current Market Value  
None          
           
           
           
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)    
None          
           
           
Total    $Nil   ( b )     
           
           
For any Petty Cash Disbursements over $100 per transaction, attach copies of receipts.  If 
there are no receipts, provide an explanation.      
           
           
           
           
TOTAL INVESTMENT ACCOUNTS AND PETTY CASH (a + b)  $Nil  (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 NYC, LLC Case Number: 3:16-bk-02235-PMG
           
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18  
           
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
           
None          
           
           
           
           
           
           
Total     $Nil    

 

 

 

Attachment 7
Summary of Officer or Owner Compensation
Summary of personnel and insurance coverages
Name of Debtor: PREMIER EXHIBITIONS NYC, LLC Case Number: 3:16-bk-02235-PMG  
           
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18  
           
    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    
None          
           
           
           
Total     $Nil    
           
           
    PERSONNEL REPORT      
      Full time Part time  
Number of employees at beginning of period  None    
Number hired during the period   None    
Number terminated or resigned during period None    
Number of employees on payroll at end of period None    
           
           
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.).
           
No changes          
           
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.
               
None              
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
We anticipate filing a Plan of Reorganization and Disclosure Statement on or before To be determined  

 

 

 

APPENDIX 
 
Premier Exhibitions NYC, LLC 
 
Per MOR-3
(Unaudited) Balance Sheet
(Unaudited) Profit and Loss Statement

 

 

 

           
PREMIER EXHIBITIONS NYC, LLC      
           
BALANCE SHEET        
           
ASSETS         31-Jan-18
           
Due from Premier Exhibitions Management LLC    $                  1
           
           
CAPITAL STOCK        
  Common stock        $                  1
           
           
STATEMENT OF INCOME        
           
Revenue         $Nil
           
Expenses         $Nil
           
Net Earnings       $Nil

 

 EX-99.8 9 exh_998.htm EXHIBIT 99.8

Exhibit 99.8

 

UNITED STATES BANKRUPTCY COURT
MIDDLE DISTRICT OF FLORIDA
JACKSONVILLE DIVISION 
               
  IN RE:     } CASE NUMBER    
        } 3:16-bk-02237-PMG    
  DINOSAURS UNEARTHED CORP. }      
        } JUDGE PAUL M. GLENN
        }      
  DEBTOR.     } CHAPTER 11    
               
               
  DEBTOR'S STANDARD MONTHLY OPERATING REPORT (BUSINESS)    
               
        FOR THE PERIOD    
    FROM January 1, 2018 TO January 31, 2018    
               
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:    
               
DINOSAURS UNEARTHED CORP.     NELSON MULLINS (Attn: Daniel Blanks)
               
#110 - 11188 Featherstone Way     50 N. Laura Street, 41st Floor  
               
Richmond, BC  V6W 1K9       Jacksonville, FL 32202    
               
+1 (604) 277-0707       +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/       

 

 

 

SCHEDULE OF RECEIPTS AND DISBURSEMENTS    
FOR THE PERIOD BEGINNING 1-Jan-18   AND ENDING 31-Jan-18      
               
Name of Debtor: DINOSAURS UNEARTHED CORP.   Case Number 3:16-bk-02237-PMG      
Date of Petition: 14-Jun-16            
               
    Current month   Cumulative       
      Petition to date      
               
1. Funds at beginning of period per bank  $         142,656.84  ( a )   $            38,233.47 ( b )    
               
2. Receipts:              
  A. Cash sales            
  Minus: Cash refunds            
  Net cash sales            
               
  B. Accounts receivable                  6,381.83            3,492,487.26      
               
  C. Other receipts (see MOR-2)                        20.55                252,471.59      
  Note: invoice & receipts at the same time          
               
3. Total receipts (lines 2A+2B+2C)                  6,402.38            3,744,958.85      
               
4. Total funds available for operations (line 1+line 3)             149,059.22            3,783,192.32      
               
5. Disbursements              
  A. Advertising                                   -         
  B. Bank charges                     (22.37)                  (1,272.93)      
  C. Contract labour                                   -         
  D. Fixed asset payments (not incl in "N")                                 -         
  E. Insurance                                   -         
  F. Inventory payments                                   -         
  G. Leases                                   -         
  H. Manufacturing supplies                                   -         
  I. Office supplies                                   -         
  J. Payroll - net (see attachment 4B)                                   -         
  K. Professional fees (Accounting & legal)                                 -         
  L. Rent                                    -         
  M. Repairs & maintenance                                   -         
  N. Secured creditor payments (see attach 2)                                 -         
  O. Taxes paid - payroll (see attachment 4C)                                 -         
  P. Taxes paid - sales & use (see attach 4C)                                 -         
  Q. Taxes paid - Other (see attachment 4C)                                 -         
  R. Telephone                                   -         
  S. Travel & entertainment                                   -         
  T. U.S. Trustee Quarterly Fees                                   -         
  U. Utilities                                   -         
  V. Vehicle expenses (car rental)                                   -         
  W. Other operating expenses                (5,944.69)          (3,638,827.23)      
6. Total Disbursements (sum of 5A thru W)               (5,967.06)          (3,640,100.16)      
7. Ending balance (line 4 minus line 6) per G/L  $         143,092.16  ( c )   $         143,092.16 ( 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      20    day of  February  2018. Signature /s/ Jerome Henshall      
               
(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.          
               
Note: Change from cash basis at Jun 30 to accrual basis at Jul 31 with outstanding items included        

 

 

 

 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
           
Texas Comptroller of Public Accounts Refund of 2016 franchise tax       $            1,963.51
Virginia Department of Taxation Virginia Department of Taxation                     1,509.00
North Carolina Department of Revenue 2016 corporate income tax refund                           25.00
Dinoking Tech Inc.   Inter-company loan repayment                  50,000.00
Premier Exhibition Management LLC Expense reimbursement received on behalf of Dinoking Tech Inc.                198,911.75
TD Bank   Interest on term deposit                       20.55                         62.33
TOTAL OTHER RECEIPTS      $                   20.55    $        252,471.59
           
 “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   
           
None          
           
           
           
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
Dinoking Tech Inc   Administration, Management, Royalty and Rental of animatronics  $                          -       $    1,693,735.38
Dinoking Tech Inc   Expense reimbursement                              -                 222,430.30
Dinoking Tech Inc   Inter-company loan advance                              -                   50,000.00
Dinoking Tech Inc   Transfer of deposit received from customer on behalf of Dinoking Tech Inc.                              -                   25,000.00
Premier Exhibition Management LLC Expense reimbursement                              -                 129,810.72
Premier Exhibition Management LLC Inter-company loan repayment                              -                 165,000.00
Premier Exhibition Management LLC Inter-company loan advance                              -                 700,000.00
Dinoking Tech Inc   Expense reimbursement received on behalf of Dinoking Tech Inc.                              -                 198,911.75
CT Corporation   Legal fee                              -                         760.00
A-1 Storage and Crane Service Empty container storage                              -                      1,852.50
Comptroller of Public Accounts State of Texas - Franchise tax 2016                              -                      2,013.51
FedEx Freight   Shipping fees                              -                         892.15
Sweetwater Sound Inc.   Speakers for CWS service                              -                      1,505.00
A. N. Deringer, Inc.   Shipping and cargo security fees                              -                      9,430.07
ATS Inc.   Lift charge & container dragage                              -                   30,980.50
Oscar Martinez   Contract labour and expenses claim                       60.00                10,014.25
Isabel Gallardo   Contract labour                               -                         500.00
Enterprise Rent A Car   Car rental                              -                   24,962.42
George Young Company   Trucking and transportation                              -                   96,402.26
TSL Terminals   Storage                              -                      1,551.00
Law Office of Terry T. Preshaw, PS Legal fee                              -                      3,697.50
Adcom Worldwide -YYZ   Trucking expenses                              -                   62,676.25
Antonio Abrantes da Silva   Expense claim for DC set up                              -                            43.69
Kelly Yu   Expense claim for KI winterization                              -                         371.22
Guizhi Wang (Lisa)   Gengu crew meals, accomodation & transportation, and supplies                              -                      2,558.29
Internal Revenue Service   Withholding taxes on rent and royalties payment                 5,040.56                95,101.21
Treasurer, State of Iowa   Corporate tax extension for FY2016                              -                      2,200.00
Virginia Department of Taxation Corporate tax extension for FY2016                              -                         600.00
Treasurer, State of Maine   Corporate tax extension for FY2016                              -                         500.00
Ohio Department of Taxation   Commercial activity tax                              -                         579.25
McAllen Foreign Trade Zone   Crane rental                              -                      1,469.00
Davis Wright Tremaine LLP   Legal fee                              -                         180.00
Eimskip Logistics   Local drayage                              -                      1,695.00
Bollore Logistics Canada Inc.   Trucking                              -                   15,948.75
Lida Xing   Yutyrannus illustration for Orlando (Dinosaurs)                              -                            50.00
Carr Riggs & Ingram LLC   Tax related services                     827.00                10,298.55
Joyce Steel Erection, Ltd.   Equipment rental                              -                         681.60
Environmental Management Specialists, Inc. Animatronic equipment disposal                              -                   74,382.98
North Carolina Department of Revenue Corporate annual report                              -                            25.00
Waste Management Inc. of Florida Admin charge for disposal bin rental                       17.13                         17.13
           
 TOTAL OTHER DISBURSEMENTS    $             5,944.69    $    3,638,827.23
           
 “Other Disbursements” includes Loans to 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   
           
           
           
NOTE: Attach a current Balance Sheet and Income (Profit & Loss) Statement.      
Please refer to Appendix          

 

 

 

Attachment 1    
Monthly Accounts Receviable Reconciliation and Aging    
     
Name of Debtor: DINOSAURS UNEARTHED CORP. Case Number 3:16-bk-02237-PMG      
               
Reporting period beginning 1-Jan-18 Period ending 31-Jan-18      
               
ACCOUNTS RECEIVABLE AT PETITION DATE:  $       209,318.98        
               
               
Accounts receivable reconciliation    
(Include all accounts receivable, pre-petition and post-petition, including charge card sales which have not been received):
               
Beginning of Month Balance    $         67,604.72 ( a )      
Plus: current month new billings                             -           
Minus: collection during the month             (6,381.83) ( b )      
Plus/ minus: adjustments or writeoffs                             -    *      
End of month balance    $         61,222.89 ( 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      
               
 $                      -     $                    -     $                   755.12  $         60,467.77  $            61,222.89 ( c )    
               
For any receivables in the “Over 90 Days” category, please provide the following:      
               
               
Customer   Receivable Date   Status (Collection efforts taken, estimate of collectibility
        write-off, disputed account, etc.)  
Portland Exhibits LLC   May 15, 2017   Payment plan has been reached with the customer.  It is anticipated that account will be settled in March 2018
Discovery Cube Los Angeles   June 16, 2017   No dispute, slow paying customer.  Ongoing effort for collection.  Last payment of $35K received on Dec 15, 2017
               
(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: DINOSAURS UNEARTHED CORP. Case Number: 3:16-bk-02237-PMG        
                 
Reporting period beginning 1-Jan-18 Period ending 31-Jan-18        
                 
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 Days              
incurred outstanding Vendor Description Amount        
31/Jul/17            185 Dinoking Tech Inc. DU admin, management, royalty and rental fees                   143,535.32        
31/Aug/17            154 Dinoking Tech Inc. DU admin, management, royalty and rental fees                      81,746.52        
30/Sep/17            124 Dinoking Tech Inc. DU admin, management, royalty and rental fees                   101,354.37        
31/Oct/17               93 Dinoking Tech Inc. DU admin, management, royalty and rental fees                   106,088.08        
30/Nov/17               63 Dinoking Tech Inc. DU admin, management, royalty and rental fees                   118,860.17        
31/Dec/17               32 Dinoking Tech Inc. Credit for expense recovery                         (463.04)        
31/Dec/17               32 Dinoking Tech Inc. DU admin, management, royalty and rental fees                   134,918.35        
31/Jan/18                 1 Dinoking Tech Inc. Expense reimbursement                        5,468.08        
31/Jan/18                 1 Dinoking Tech Inc. DU admin, management, royalty and rental fees                   128,945.16        
15/Jan/18               17 Carr, Riggs & Ingram, LLC Tax related service                            900.00        
31/Jan/18                 1 Premier Exhibition Management LLC US Trustees Q4-2017 fees                        4,875.00        
                 
                 
                 
Total amount        $               826,228.01        
                 
☐ 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)                
          ( b )      
Opening Balance    $                                        686,943.90 ( a )             
PLUS: New indebtedness incurred this month                                             145,228.80          
MINUS: Amount paid on post petition                                               (5,944.69)          
Accounts payable this month                                             826,228.01          
PLUS/MINUS: adjustments                                                               -    *        
End of month balance    $                                        826,228.01 ( 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 Petitition Total Amount of Post Petitiion  
Lessor       Payments Delinquent Payments Delinquent  
                 
None      $                                                          -             
                 
                 
                 
TOTAL      $                                                          -    (d)        
(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, 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: DINOSAURS UNEARTHED CORP. Case Number: 3:16-bk-02237-PMG      
               
Reporting period beginning 1-Jan-18 Period ending 31-Jan-18      
               
INVENTORY REPORT              
               
INVENTORY BALANCE AT PETITION DATE:    $                             -         
INVENTORY RECONCILIATION:          
  Inventory Balance at Beginning of Month                                  -    (a)    
     PLUS: Inventory Purchased During Month                                  -         
     MINUS: Inventory Used or Sold                                    -         
     PLUS/MINUS: Adjustments or Write-downs                                  -    *    
  Inventory on Hand at End of Month    $                             -         
               
METHOD OF COSTING INVENTORY: Average cost method      
               
*For any adjustments or write-downs provide explanation and supporting documentation, if applicable.    
               
INVENTORY AGING
               
  Less than 6 6 months to Greater than Considered Total Inventory    
  months old 2 years old 2 years old Obsolete      
               
           = 100%    
               
* Aging Percentages must equal 100%.          
☐    Check here if inventory contains perishable items.        
               
Description of Obsolete Inventory:    
None              
                                                                                                          
               
FIXED ASSET REPORT            
               
FIXED ASSETS FAIR MARKET VALUE AT PETITION DATE:  $                             -    (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:    
No fixed assets purchased or disposed.          
               
               
(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: DINOSAURS UNEARTHED CORP. Case Number: 3:16-bk-02237-PMG  
           
Reporting period beginning 1-Jan-18 Period ending 31-Jan-18  
           
           
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 Toronto-Dominion Bank Branch Richmond Centre Branch 9720
           
Account name U.S. Current Account number 0990-7315739  
           
Purpose of account: OPERATING        
           
Ending balance per bank statement  $           86,292.36    
Plus total amount of outstanding deposits                               -       
Minus: total amount of outstanding checks and other debits                               -    *  
Minus: service charges                                 -       
End of month balance    $           86,292.36 ** ( a )  
           
Name of bank Toronto-Dominion Bank (USBBS) Branch New York Branch   
           
Account name U.S. dollar business checking Account number 3248257686  
           
Purpose of account: OPERATING        
           
Ending balance per bank statement  $              6,789.76    
Plus total amount of outstanding deposits                               -       
Minus: total amount of outstanding checks and other debits                               -    *  
Minus: service charges                                 -       
End of month balance    $              6,789.76 ** ( a )  
           
* Debit cards are used by No debit cards      
           
** 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:  
           
                     -    Transferred to Payroll Account    
           
                     -    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: DINOSAURS UNEARTHED CORP. Case Number: 3:16-bk-02237-PMG  
           
Reporting period beginning 1-Jan-18 Period ending 31-Jan-18  
           
           
           
Name of bank Toronto-Dominion Bank Branch Richmond Centre Branch 9720  
           
Account name U.S. Current   Account number 0990-7315739  
           
Purpose of account: OPERATING        
           
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  
           
10/Jan/18 Debit TD Bank Purchase term deposit                                         (50,000.00)  
           
           
           
           
           
           
31/Jan/18 Debit TD Bank Bank charges                                                    (6.25)  
31/Jan/18 Debit TD Bank Bank charges                                                    (0.66)  
           
           
Total        $                                     (50,006.91)  
           
           
Name of bank Toronto-Dominion Bank (USBBS) Branch  New York Branch    
           
Account name U.S. dollar business checking Account number 3248257686  
           
Purpose of account: Operating        
           
Date Check number Payee Purpose  Amount   
16/Jan/18 Debit Carr, Riggs & Ingram, LLC Tax related services                                               (827.00)  
16/Jan/18 Debit Oscar Martinez Expense claim                                                  (60.00)  
16/Jan/18 Debit Waste Management Inc. of Florida Admin charge for disposal bin rental                                                  (17.13)  
30/Jan/18 Debit Internal Revenue Service Centre Withholding taxes on rent and royalties payment                                            (5,040.56)  
           
           
           
           
17/Jan/18 Debit TD USBBS Bank Bank charges                                                  (15.46)  
           
Total        $                                       (5,960.15)  

 

 

 

Attachment 4B  
Monthly summary of bank activity - payroll account  
   
Name of Debtor: DINOSAURS UNEARTHED CORP. Case Number: 3:16-bk-02237-PMG    
             
Reporting period beginning 1-Jan-18 Period ending 31-Jan-18    
             
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 No payroll bank account Branch None    
             
Account name None   Account number None    
             
Purpose of account: PAYROLL        
             
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 )
             
* 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  
             
             
             
             
             
             
The following non-payroll disbursements were made from this account:    
Date Amount Payee Purpose Reason for Cash Disbursement  
             
             
             
             
             
             
(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: DINOSAURS UNEARTHED CORP. Case Number: 3:16-bk-02237-PMG  
           
Reporting period beginning 1-Jan-18 Period ending 31-Jan-18  
           
Name of bank No payroll bank account Branch None  
           
Account name None   Account number None  
           
Purpose of account: PAYROLL      
           
Account for all disbursements, including voids, lost checks, stop payments, etc.  In the 
alternative, a computer generated check register can beattached to this report, provided all the
information requested below is included.      
           
           
Date Check Number   Payee Purpose Amount
           
           
           
           
           
           
           
TOTAL                                                   -   

 

 

 

Attachment 4C    
Monthly Summary of Bank Activity - Tax Account    
     
Name of Debtor: DINOSAURS UNEARTHED CORP. Case Number: 3:16-bk-02237-PMG      
               
Reporting period beginning 1-Jan-18 Period ending 31-Jan-18      
               
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 No tax bank account Branch None      
               
Account name None   Account number None      
               
Purpose of account: TAX          
               
Ending balance per bank statement                                               -       
Plus total amount of outstanding deposits                                               -       
Minus: total amount of outstanding checks and other debits                                             -    *  
Minus: service charges                                                 -       
Ending balance per Check Register                                               -    ** ( 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    
               
               
               
               
               
               
The following non-tax disbursements were made from this account:        
Date Amount Payee Purpose Reason for Cash Disbursement    
               
               
               
               
               
               
(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 - tax account  
   
Name of Debtor: DINOSAURS UNEARTHED CORP. Case Number: 3:16-bk-02237-PMG    
             
Reporting period beginning 1-Jan-18 Period ending 31-Jan-18    
             
             
             
Name of bank No tax bank account Branch None    
             
Account name None   Account number None    
             
Purpose of account: TAX        
             
Account for all disbursements, including voids, lost checks, stop payments, etc.  In the   
alternative, a computer generated check register can beattached to this report, provided all the  
information requested below is included.        
             
Date Check Number Payee Purpose Amount  
             
             
             
             
             
             
             
TOTAL                                                   -    (d)
             
    SUMMARY OF TAXES PAID    
  Payroll Taxes Paid                                               -    (a)
  Sales & Use Taxes Paid                                               -    (b)
  Other Taxes Paid                                               -    (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 Term deposit (as security for ACH payments)    
           
Instrument        Face Value Purchase Price Date of Purchase Current Market Value  
Term deposit                 50,020.55                           50,000.00 10/Jan/18  $                       50,000.00  
           
           
           
TOTAL        $                       50,000.00 (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)    
           
Richmond office  $                     10.04  $                               10.04  $                                        -       
           
Total    $                               10.04  ( b )     
           
           
For any Petty Cash Disbursements over $100 per transaction, attach copies of receipts.  If 
there are no receipts, provide an explanation.      
No petty cash transactions during the month      
           
           
           
TOTAL INVESTMENT ACCOUNTS AND PETTY CASH (a + b)  $                        50,010.04 (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: DINOSAURS UNEARTHED CORP. Case Number: 3:16-bk-02237-PMG  
           
Reporting period beginning 1-Jan-18 Period ending 31-Jan-18  
           
    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
           
The company does not have any employees so it doesn't have any type of withholding or payroll taxes.
No sales tax          
There are no unpaid post-petition Federal or State income taxes.    
           
Total                                 -       

 

 

 

Attachment 7
Summary of Officer or Owner Compensation
Summary of personnel and insurance coverages
           
Name of Debtor: DINOSAURS UNEARTHED CORP. Case Number: 3:16-bk-02237-PMG  
           
Reporting period beginning 1-Jan-18   Period ending 31-Jan-18  
           
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    
The company does not have any officers.  Management services are provided through other     
entities in the group.          
           
           
Total                                         -       
           
           
    PERSONNEL REPORT      
      Full time Part time  
Number of employees at beginning of period                                      -                                   -     
Number hired during the period                                       -                                   -     
Number terminated or resigned during period                                     -                                   -     
Number of employees on payroll at end of period                                     -                                   -     
           
           
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.).
           
Effective May 2017, the company's insurance coverage is under the corporate umbrella policy of Premier Exhibitions, Inc.
           
The following lapse in insurance coverage occurred this month:      
Policy Type Date Lapsed Date Reinstated   Reason for Lapse
None          
           
           
           
¨ 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 To be determined  

 

 

 

APPENDIX 
 
Dinosaurs Unearthed Corp.
Per MOR-3
(Unaudited) Balance Sheet
(Unaudited) Profit and Loss Statement
 
Per MOR-7
Bank reconciliation form – TD Bank *5739
Bank reconciliation form – TD Bank *7686