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 December 1, 2018 TO December 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-Dec-18 AND ENDING 31-Dec-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 12-31-18              
                   
SEE PROFIT & LOSS STATEMENT                
EXHIBIT ITEM                
2 Premier Exhibition Management Income Statement 12-31-18              
                   
BANK STATEMENTS AND RECONCILIATIONS ATTACHED              
EXHIBIT ITEM                
3 12.2018 - 3309 TUT Account                
4 12.2018 - 4747 Sweep                
5 12.2018  - 9523 Check Clearing Account and Reconciliation              
6 12.2018  - 9655 Sweep (Atlanta)                
7 12.2018  - 9663 Sweep Online Sales                
8 12.2018  - 9697 Operating Bank Account                
9 12.2018  - 9705 Deposit Clearing Account                
10 12.2018  - 9713 Payroll Clearing Bank Account              
11 12.2018  - 9762 Sweep (Orlando)          
12 12.2018  - 9788 Sweep (Las Vegas)        
13 12.2018  - 10999 Undeposited Funds                
                   
Per MOR-3       Per MOR-4      
EXHIBIT ITEM       EXHIBIT ITEM      
14 12.2018  Cash Transactions History         Please refer to MOR-2 Exhibit 1 named, Premier Exhibition Management Balance Sheet 12-31-18
15 12.2018 Check Register       16 12.2018  Aged AR Detail    
          17 12.2018  AR Transactions    
            See above - 12.2018  Aged AR Detail    
Per MOR-5       Per MOR-6      
EXHIBIT ITEM       EXHIBIT ITEM      
18 12.2018 Aged AP Detail         Please refer to MOR-2 Exhibit 1 named, Premier Exhibition Management Balance Sheet 12-31-18
19 12.2018 Pre- and Post-Petition AP Invoices       21 12.2018  12000 - Inventory    
20 12.2018 AP Transactions       22 12.2018  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, 12.2018 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 12.2018 Payroll (1)       26        
24 12.2018 Payroll (2)       27        
25         28        
                   
Per MOR-13                
EXHIBIT ITEM                
29 12.2018  - 10030 Petty Cash                
                   
Per MOR-14                
30 12.2018 Sale Tax                
Please refer to MOR-5 Exhibit 18 named, 12.2018 Aged AP Detail              

 

 

 

 

SCHEDULE OF RECEIPTS AND DISBURSEMENTS
  FOR THE PERIOD BEGINNING 1-Dec-18 AND ENDING 31-Dec-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 12-31-18        
           
           
SEE PROFIT & LOSS STATEMENT        
2 Premier Exhibition Management Income Statement 12-31-18        
           
BANK STATEMENTS AND RECONCILATIONS ATTACHED        
3 12.2018 - 3309 TUT Account        
4 12.2018 - 4747 Sweep        
5 12.2018  - 9523 Check Clearing Account and Reconciliation        
6 12.2018  - 9655 Sweep (Atlanta)        
7 12.2018  - 9663 Sweep Online Sales        
8 12.2018  - 9697 Operating Bank Account        
9 12.2018  - 9705 Deposit Clearing Account        
10 12.2018  - 9713 Payroll Clearing Bank Account        
11 12.2018  - 9762 Sweep (Orlando)        
12 12.2018  - 9788 Sweep (Las Vegas)        
13 12.2018  - 10999 Undeposited Funds        
           
    Current month   Cumulative   
      Petition to date  
           
1. Funds at beginning of period per bank  $                                 993,529.00  ( 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)  $                                 939,466.00  ( c )   $                              939,466.00 ( 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      24th    day of  January, 2019. 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 12.2018  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 12.2018 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-Dec-18   Period ending 31-Dec-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 12-31-18          
16 12.2018  Aged AR Detail            
17 12.2018  AR Transactions            
               
               
Beginning of Month Balance    $                       1,038,600.00 ( a )      
Plus: current month new billings            
Minus: collection during the month     ( b )      
Plus/ minus: adjustments or writeoffs     *      
End of month balance    $                       1,285,856.00 ( 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 - 12.2018  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-Dec-18 Period ending 31-Dec-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 12.2018 Aged AP Detail        
19 12.2018 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 12.2018 AP Transactions          
               
Opening Balance      $                                                             6,231,412.00 ( a )      
PLUS: New indebtedness incurred this month          
MINUS: Amount paid on post petition            
Accounts payable this month            
PLUS/MINUS: adjustments     $                                                                                   -    *      
End of month balance      $                                                             5,287,773.00 ( 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 (Loan amount $1,000,000)          
Haiping Zou "            
Zhang Jihe "            
BayPoint Capital - DIP Loan $5,000,000 as at 08-31-2018.  Interest is paid up to 9-30-2018.          
                                                                                            -    (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-Dec-18   Period ending 31-Dec-18    
               
INVENTORY REPORT              
SEE BALANCE SHEET AND INVENTORY ACCOUNT RECONCILIATION        
21 12.2018  12000 - Inventory          
INVENTORY BALANCE AT PETITION DATE:  $                     744,012.25        
INVENTORY RECONCILIATION:            
  Inventory Balance at Beginning of Month   $660,493.00 (a)    
     PLUS: Inventory Purchased During Month   $78,582.00      
     MINUS: Inventory Used or Sold   ($54,539.00)      
     PLUS/MINUS: Adjustments or Write-downs   $0.00 *    
  Inventory on Hand at End of Month   $684,536.00      
               
METHOD OF COSTING INVENTORY: Weighted average cost        
               
*For any adjustments or write-downs provide explanation and supporting documentation, if applicable.      
       
INVENTORY AGING
22 12.2018  Inventory Aging          
  Less than 6 6 months to Greater than Considered Total Inventory    
  months old 2 years old 2 years old Obsolete      
               
  see schedule        = 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-Dec-18   Period ending 31-Dec-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.    
   $                             229,780.10 Transferred to Payroll Account (BoA -9713)    
  0 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-Dec-18   Period ending 31-Dec-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 12.2018 - 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-Dec-18   Period ending 31-Dec-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-Dec-18   Period ending 31-Dec-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-Dec-18   Period ending 31-Dec-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 12.2018 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-Dec-18   Period ending 31-Dec-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 12.2018 - 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-Dec-18   Period ending 31-Dec-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-Dec-18   Period ending 31-Dec-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-Dec-18   Period ending 31-Dec-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 12.2018 Payroll (1)   26 0  
  24 12.2018 Payroll (2)   27 0  
  25 0   28 0  
             
             
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-Dec-18   Period ending 31-Dec-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-Dec-18   Period ending 31-Dec-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-Dec-18   Period ending 31-Dec-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 12.2018  - 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-Dec-18   Period ending 31-Dec-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 2016 AND ALL TAXES WERE PAID  
1 Premier Exhibition Management Balance Sheet 12-31-18    
30 12.2018 Sale Tax        

 

 

 

 

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-Dec-18   Period ending 31-Dec-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  $                           14,261.54 <--2 bi-weekly payments during Dec 2018  
Jessica Sanders Corp. Secretary Bi-weekly salary  $                             8,715.38 <--2 bi-weekly payments during Dec 2018  
             
Total      $                           47,726.92      
             
             
    PERSONNEL REPORT        
      Full time Part time    
Number of employees at beginning of period    32 63    
Number hired during the period     1 9    
Number terminated, transferred or resigned during period   0 2    
Number of employees on payroll at end of period   33 70    
              
             
    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.).  
             
Casualty, Property and Fine Arts Insurance Policies renewed 9/16/2018 for one year        
D & O insurance policy renewed 9/2/2018 for 4 months          
             
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.
               
Asset sale approved October 18, 2018            
Asset sale closing scheduled 1-24-2019            
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
We anticipate filing a Plan of Reorganization and Disclosure Statement on or before   To be determined