16-13131-scc Doc 137 Filed 09/25/17 Entered 09/25/17 11:40 ...Services Corp. $115,651 in Accounts...
Transcript of 16-13131-scc Doc 137 Filed 09/25/17 Entered 09/25/17 11:40 ...Services Corp. $115,651 in Accounts...
16-13131-scc Doc 137 Filed 09/25/17 Entered 09/25/17 11:40:42 Main Document Pg 1 of 26
In re Case No. 16-13131 (SCC)Reporting Period:
Debtor
Amounts reported should be from the debtor’s books and not the bank statement. The beginning cash should be the ending cash from the prior month
or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the "CURRENT MONTH -
ACTUAL” column must equal the sum of the four bank account columns. Attach copies of the bank statements and the cash disbursements journal.
The total disbursements listed in the disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be
attached for each account. [See MOR-1 (CON’T)]
ACCOUNT NUMBER (LAST 4)
Signature 2903 Rabobank 8467Rabobank 8466
(Closed)Chase 3260 Chase 3985 Escrow 0300
CURRENT MONTH ACTUAL (TOTAL OF
ALL ACCOUNTS)
CASH BEGINNING OF MONTH $ 14,355 $ 4 $ - $ 206 $ 931 $ 1,140,582 $ 1,156,078 RECEIPTSGROSS REVENUE - - - - - - - AUCTION ADMINISTRATIVE FEE - - - - - - - LICENSE AGREEMENT REVENUE - - - - - 60,000 60,000 ADVERTISING REVENUE - - - - - - - CASH RECOVERY - - - - - - - EQUITY INFUSION - - - - - - - TRANSFERS - - - - - - - TOTAL RECEIPTS - - - - - 60,000 60,000 DISBURSEMENTSPAYROLL/BENEFITS & TAXES - - - - - - - RENT - - - - - - - IT EXPENSES - - - - - - - OFFICE/ACCOUNTING EXPENSES - - - - - - - INSURANCE - - - - - - - DEBT SERVICE - - - - - - - MORTGAGE RECORDING - - - - - - - TRANSFERS - - - - - - - DIP FEES AND EXPENSES - - - - - - - DIP LENDER COUNSEL - - - - - - - US TRUSTEE FEES - - - - - - - BANK CHARGES - - - - 194 - 194 TAXES - - - - - - - OTHER - - - - - - - TOTAL DISBURSEMENTS - - - - 194 - 194
NET CASH FLOW(RECEIPTS LESS DISBURSEMENTS)
CASH – END OF MONTH $ 14,355 $ 4 $ - $ 206 $ 737 $ 1,200,582 $ 1,215,884
DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES: (FROM CURRENT MONTH ACTUAL COLUMN)
$ 194 -
-
$ 194 TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES
BANK ACCOUNTS
59,806
THE FOLLOWING SECTION MUST BE COMPLETED
- - (194) 60,000 -
TOTAL DISBURSEMENTS LESS: TRANSFERS TO OTHER DEBTOR IN POSSESSION ACCOUNTS
-
PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. from escrow accounts)
Choxi.com, Inc.
SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS August 1 - August 31, 2017
MOR-1
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In re Case No. 16-13131 (SCC)Reporting Period:
Debtor
Continuation Sheet for MOR-1A bank reconciliation must be included for each bank account. The debtor's bank reconciliation may be substituted for this page.
(Bank account numbers may be redacted to last four numbers.)
Signature Operating - Rabobank
Rabobank(Closed)
Chase Chase Escrow
#2903 # 8467 # 8466 #3260 #3985 #0300
BALANCE PER BOOKS $ 14,355 $ 4 $ - $ 206 $ 737 $ 1,200,582
BANK BALANCE $ 14,355 $ 4 $ - $ 206 $ 737 $ 1,200,582 (+) DEPOSITS IN TRANSIT (ATTACH LIST)
- - - - - -
(-) OUTSTANDING CHECKS (ATTACH LIST) :
- - - - - -
(+) CHECK AMOUNT DISCREPANCY
- - - - - -
ADJUSTED BANK BALANCE *
$ 14,355 $ 4 $ - $ 206 $ 737 $ 1,200,582
*"Adjusted Bank Balance" must equal "Balance per Books"
DEPOSITS IN TRANSIT Date Amount
CHECKS OUTSTANDING Ck. # Amount
Total $ -
OTHER
BANK RECONCILIATIONS
Choxi.com, Inc. August 1 - August 31, 2017
MOR-1 (CONT.)
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In re Choxi.com, Inc. Case No. Debtor Reporting Period:
Check Date Check # Payee Bank Account Amount
8/15/2017 Bank Fee Chase Bank Chase 3985 194.77$ Total - Chase #3985 194.77$
Total - Signature #2903 -$
Grand Total 194.77$
CASH DISBURSEMENTS
16-13131 (SCC)August 1 - August 31, 2017
Cash Disbursements
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In re Case No. 16-13131 (SCC)Reporting Period: August 1 - August 31,
Debtor
The Statement of Operations is to be prepared on an accrual basis. The accrual basis of accounting recognizes revenue
when it is realized and expenses when they are incurred, regardless of when cash is actually received or paid.
REVENUES August 1 - August 31, 2017CUMULATIVE -FILING TO
DATE
Gross Revenues Posted During Reporting Period $ - $ - License Agreement Revenue 60,000 670,000 Advertising Revenue - 13,992
Gross Income 60,000 683,992 Less: Accounts Receivable Reserve - -
Less: Current/Anticipated Billing Adjustments 1 (110,349) (110,349)
Net Revenue $ 170,349 $ 794,341 OPERATING EXPENSESPayroll/Benefits & Taxes $ - $ - Officer/Insider Payroll 19,750 192,625
Insurance - - IT Expenses 1,949 36,248 Consultant Expenses - - Rent and Lease Expense - 297,512 Equipment Rent/Lease - - Medical Supplies/Office Expenses - 876 Accounting & Software Expense 510 4,140 Utilities - - Receivable collection fees - - Storage fees 322 1,266
Merchant Fees 1 (18,272) (18,272)
Bank Charges 195 2,152 Total Operating Expenses Before Depreciation $ 4,453 $ 516,548 Depreciation/Depletion/Amortization 497 12,816 Net Profit (Loss) Before Other Income & Expenses $ 165,399 $ 264,977 OTHER INCOME AND EXPENSESOther Income - Cash Recovery $ - $ 740 Cash Collateral - Interest Expense - - Other Expense (attach schedule) - - Net Profit (Loss) Before Reorganization Items $ 165,399 $ 265,717 REORGANIZATION ITEMSProfessional Fees $ 23,090 $ 1,061,185
U. S. Trustee Quarterly Fees - 2,925 Gain (Loss) from Sale of Equipment - - Total Reorganization Expenses $ 23,090 $ 1,064,110 Income Taxes - 923
Net Profit (Loss) 1 $ 142,309 $ (799,316)
*"Insider" is defined in 11 U.S.C. Section 101(31).
STATEMENT OF OPERATIONS (Income Statement)
Choxi.com, Inc.
1 In accordance with Docket #117, Order Approving Stipulation of Settlement with Paysafe Merchant Services Corp. (F/K/A NBX MerchantServices Corp.) Pursuant To Fed. R. Bankr. P. 9019(a), the Debtor is in receipt of the full and final settlement payment from Paysafe MerchantServices Corp. $115,651 in Accounts Receivable – Merchant, and the related pre-petition liabilities of $226,000 in Chargeback Liability and$18,272 in Merchant Fee Liability has been written off. This results in net non-cash increase to Net Profit (Loss) of $128,620.
MOR-2
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In re Case No. 16-13131 (SCC)
Choxi.com, Inc. Reporting Period: August 1 - August 31, 2017 Debtor
ASSETSBOOK VALUE AT END OF
CURRENT REPORTING MONTHBOOK VALUE AT END OF PRIOR
REPORTING MONTHBOOK VALUE ON PETITION
DATE OR SCHEDULED
CURRENT ASSETS
Unrestricted Cash and Equivalents 16,042$ 16,236$ 5,227$
Restricted Cash and Cash Equivalents 1,199,842 1,139,842 -
Accounts Receivable - - -
Accounts Receivable - Merchant 1 - 115,651 756,729
Unprocessed Claims - - -
Inventories - - -
Prepaid Expenses - - -
Professional Retainers 46,724 46,724 -
Other Current Assets - - -
TOTAL CURRENT ASSETS 1,262,608$ 1,318,453$ 761,956$ PROPERTY & EQUIPMENT
Real Property and Improvements -$ -$ -$
Furniture, Fixtures and Equipment 251,546 251,546 251,546
Intangible Asset - - -
Leasehold Improvements - - -
Vehicles - - -
Less: Accumulated Amortization/Depreciation (249,031) (248,534) (236,215)
TOTAL PROPERTY & EQUIPMENT 2,515$ 3,012$ 15,331$ OTHER ASSETS
Amounts due from Insiders* -$ -$ -$
Other Assets -$ -$ 297,512$
TOTAL OTHER ASSETS -$ -$ 297,512$
TOTAL ASSETS 1,265,123$ 1,321,465$ 1,074,799$
LIABILITIES AND OWNER EQUITYBOOK VALUE AT END OF
CURRENT REPORThNG MONTHBOOi VALUE AT END OF PRIOR
REPORTING MONTHBOOK VALUE ON PETITION
DATE
LIABILITIES NOT SUBJECT TO COMPROMISE (Postpetition)
Accounts Payable 19,770$ 17,174$ -$
Taxes Payable (refer to FORM MOR-4) - - -
Wages Payable - - -
Rent / Leases - Building/Equipment - - -
Secured Debt / Adequate Protection Payments - - -
Accrued Expenses 61,300 41,365 -
UST Fees 650 650 -
Professional Fees 1,002,192 979,102 -
Contingent Deferred Revenue - - -
TOTAL POST-PETITION LIABILITIES 1,083,912$ 1,038,291$ -$ LIABILITIES SUBJECT TO COMPROMISE (Pre-Petition)
Secured Debt 3,797,495$ 3,797,495$ 3,797,495$
Priority Debt 503,209 503,209 503,209
Unsecured Debt 1 26,110,381 26,354,653 26,354,653
TOTAL PRE-PETITION LIABILITIES 30,411,085$ 30,655,357$ 30,655,357$
TOTAL LIABILITIES 31,494,997$ 31,693,648$ 30,655,357$ OWNERS' EQUITY
Capital Stock 5,763$ 5,763$ 5,763$
Additional Paid-In Capital 42,454,377 42,454,377 42,304,377
Partners' Capital Account - - -
Owner's Equity Account - - -
Retained Earnings - Pre-Petition 1 (71,890,698) (71,890,698) (71,890,698)
Retained Earnings - Post-petition (799,316) (941,625) -
Post-petition Contributions - - -
NET OWNERS’ EQUITY $ (30,229,874) (30,372,183) $ (29,580,558)
TOTAL LIABILITIES AND OWNERS' EQUITY $ 1,265,123 $ 1,321,465 $ 1,074,799
*"Insider" is defined in 11 U.S.C. Section 101(31).
BALANCE SHEET
The Balance Sheet is to be completed on an accrual basis only. Pre-petition liabilities must be classified separately from post-petition obligations.
1 In accordance with Docket #117, Order Approving Stipulation of Settlement with Paysafe Merchant Services Corp. (F/K/A NBX Merchant ServicesCorp.) Pursuant To Fed. R. Bankr. P. 9019(a), the Debtor is in receipt of the full and final settlement payment from Paysafe Merchant Services Corp.$115,651 in Accounts Receivable – Merchant, and the related pre-petition liabilities of $226,000 in Chargeback Liability and $18,272 in MerchantFee Liability has been written off. This results in net non-cash increase to Net Profit (Loss) of $128,620.
MOR-3
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In re Case No. 16-13131 (SCC)Reporting Period:
Debtor
The beginning tax liability should be the ending liability from the prior month or, if this is the first report, the
amount should be zero.
Attach photocopies of IRS Form 6123 or payment receipt to verify payment or deposit of federal payroll taxes.
Attach photocopies of any tax returns filed during the reporting period.
Federal
Beginning Tax
Amount Withheld
and/or Accrued
Amount Paid Date Paid
Check # or EFT
Ending Tax
WithholdingFICA-EmployeeFICA-EmployerUnemploymentIncomeOther:_____________ Total Federal TaxesState and Local
WithholdingSalesExciseUnemploymentReal PropertyPersonal PropertyOther: NY State Corporation Tax Total State and Local - - - - - -
Total Taxes - - - - - -
Attach aged listing of accounts payable.
Current 0-30 31-60 61-90 Over 91 Total
Accounts PayableWages PayableTaxes PayableRent/Leases-BuildingRent/Leases-EquipmentSecured Debt/Adequate Protection PaymentsProfessional FeesAmounts Due to InsidersOther:______________Other:______________Total Post-petition Debts
Explain how and when the Debtor intends to pay any past due post-petition debts.
Choxi.com, Inc.August 1 - August 31, 2017
The Debtor utilized ADP to administer payroll. The company ceased operations on or about November 9, 2016. As such all employee and employer taxes were previously paid when
due.
See Attached Schedule
Number of Days Past Due
STATUS OF POST-PETITION TAXES
SUMMARY OF UNPAID POST-PETITION DEBTS
MOR-4
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In re Choxi.com, Inc. Case No. 16-13131 (SCC) Debtor Reporting Period:
Vendor Invoice # Invoice Date Invoice Amount
DataInstream LLC 1105 2/28/2017 7,073.18$ DataInstream LLC 1107 3/31/2017 2,640.09 DataInstream LLC 1110 5/1/2017 1,812.05 DataInstream LLC 1113 5/31/2017 1,810.79 DataInstream LLC 1122 6/30/2017 1,938.57 DataInstream LLC 1128 7/31/2017 1,948.63 GRM 1872352 12/31/2016 200.11 GRM 1872635 12/31/2016 150.00 GRM 1896293 2/28/2017 65.33 GRM 1884539 2/28/2017 30.00 GRM 1884250 2/28/2017 65.33 GRM 1908675 3/31/2017 2.25 GRM 1908361 3/31/2017 98.33 GRM 1932763 5/31/2017 100.29 GRM 1933056 5/31/2017 32.70 GRM 1945810 6/30/2017 101.77 GRM 1946128 6/30/2017 32.73 GRM 1970252 8/31/2017 104.30 GRM 1970577 8/31/2017 33.26 Osmosis 9201 12/27/2016 0.18 Intuit 32078657 6/15/2017 371.97 Intuit 32707261 7/15/2017 371.97 Intuit 33311215 8/15/2017 371.97 Right Networks INV00414023 6/20/2017 24.00 Right Networks INV00579971 7/20/2017 24.00 Right Networks INV00613387 8/20/2017 24.00 Smart Vault June 2017 6/1/2017 114.00 Smart Vault July 2017 7/1/2017 114.00 Smart Vault Aug 2017 8/1/2017 114.00 Total Accounts Payable 19,769.80$
Total Taxes Payable -$
Eddy Friedfeld 45,000.00$ Sunil Joseph 14,250.00 Data Instream Aug 2017 - Estimate 1,800.00 GRM May & Aug 2017 Estimates 250.00 Total Accrued Expenses 61,300.00$
US Trustee Fees Q2 2017 650.00 650.00$
CBIZ Estimate 467,700.00$ Consumer Privacy Ombudsman Estimate 10,000.00 Fox Rothschild Estimate 99,200.00 Klestadt Winters Jureller Southard & Stevens, LLP Estimate 328,292.50 Nutovic & Associates Estimate 134,000.00 RustOmni 3856 1/12/2017 9,619.04 RustOmni 3928 1/31/2017 5,273.39 RustOmni Estimate 7,100.00 Total Estimated Professional Fees 1,061,184.93$
Grand Total 1,142,904.73$
TAXES PAYABLE
PROFESSIONAL FEES
August 1 - August 31, 2017
ACCOUNTS PAYABLE
MOR-5
16-13131-scc Doc 137 Filed 09/25/17 Entered 09/25/17 11:40:42 Main Document Pg 8 of 26
In re Case No. 16-13131 (SCC)Reporting Period: August 1 - August 31, 2017
Debtor
Of the total disbursements shown on the Cash Receipts and Disbursements Report (MOR-1) list the amount paid to insiders (as defined in
Section 101(31) (A)-(F) of the U.S. Bankruptcy Code) and to professionals. For payments to insiders, identify the type of compensation paid
(e.g. Salary, Bonus, Commissions, Insurance, Housing Allowance, Travel, Car Allowance, Etc.). Attach additional sheets if necessary.
NAME TYPE OF PAYMENT AMOUNT PAID TOTAL PAID TO DATE
Eddy Friedfeld Consulting Fees -$ 102,500$
Sunil Joseph Consulting Fees - 30,875 Eddy Friedfeld Reimbursable Expenses - 876 Sunil Joseph Reimbursable Expenses - 2,610
-$ 136,861$
NAMEDATE OF COURT ORDER AUTHORIZING PAYMENT
AMOUNT APPROVED AMOUNT PAID TOTAL PAID TO DATETOTAL INCURRED &
UNPAID*
Klestadt Winters Jureller Southard & Stevens, LLP 101,717$ 226,576$
Rust Omni 4,000 17,992
105,717$ 244,568$ * INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED
NAME OF CREDITORSCHEDULED MONTHLY
PAYMENT DUEAMOUNT PAID
DURING MONTHTOTAL UNPAID POST-
PETITION
1 Payroll incurred net of withholding taxes and 401(k) loan repayments.
TOTAL PAYMENTS
Choxi.com, Inc.
PAYMENTS TO INSIDERS AND PROFESSIONALS
POST-PETITION STATUS OF SECURED NOTES, LEASES PAYABLEAND ADEQUATE PROTECTION PAYMENTS
INSIDERS
TOTAL PAYMENTS TO INSIDERS
TOTAL PAYMENTS TO PROFESSIONALS
PROFESSIONALS
MOR-6
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In re Case No. 16-13131 (SCC)Reporting Period:
Debtor
Must be completed each month. If the answer to any of the questions is “Yes”, provide a detailed explanation of each item. Attach additional sheets if necessary. Yes No
1 Have any assets been sold or transferred outside the normal course of business this reporting period?
X
2 Have any funds been disbursed from any account other than a debtor in possession account this reporting period?
X
3 Is the Debtor delinquent in the timely filing of any post-petition tax returns?
X
4 Are workers compensation, general liability or other necessary insurance coverages expired or cancelled, or has the debtor
received notice of expiration or cancellation of such policies? 1
X
5 Is the Debtor delinquent in paying any insurance premium payment?
X
6 Have any payments been made on pre-petition liabilities this reporting period?
X
7 Are any post petition receivables (accounts, notes or loans) due from related parties?
X
8 Are any post petition payroll taxes past due? X9 Are any post petition State or Federal income taxes past due? X
10 Are any post petition real estate taxes past due? X11 Are any other post petition taxes past due? X12 Have any pre-petition taxes been paid during this reporting period? X13 Are any amounts owed to post petition creditors delinquent? X14 Are any wage payments past due? X15 Have any post petition loans been received by the Debtor from any
party?X
16 Is the Debtor delinquent in paying any U.S. Trustee fees? X17 Is the Debtor delinquent with any court ordered payments to
attorneys or other professionals?X
18 Have the owners or shareholders received any compensation outside of the normal course of business?
X
1 Company has ceased operations and thus no insurance coverages are currently in force.
DEBTOR QUESTIONNAIRE
Choxi.com, Inc. August 1 - August 31, 2017
MOR-7
16-13131-scc Doc 137 Filed 09/25/17 Entered 09/25/17 11:40:42 Main Document Pg 10 of 26
Statement Period From August 01, 2017 To August 31, 2017 Page 1 of 2
PRIVATE CLIENT GROUP 311 950 THIRD AVENUE NEW YORK, NY 10022 JOHN D. GONZALEZ (646) 822-1501
CHOXI.COM, INC DIP 8-311 DIP CASE # 16-13131 CO EDDY FRIEDFELD 300 E 71ST ST. APT 15J NEW YORK NY 10021 999 See Back for Important Information
Primary Account: 1502982903 0
IMPORTANT MESSAGE ABOUT IDENTITY THEFT! SIGNATURE BANK WILL NEVER ASK YOU TO PROVIDE PERSONAL OR BUSINESS ACCOUNT INFORMATION THROUGH E-MAIL. IF YOU RECEIVE ANY E-MAIL OR OTHER INQUIRY THAT APPEARS TO COME FROM SIGNATURE, DO NOT RESPOND TO IT OR CLICK ON ANY LINKS INCLUDED IN THE E-MAIL. INSTEAD, CALL US TOLL-FREE AT 1-866-SIGLINE OR CONTACT YOUR ACCOUNT OFFICER. FOR MORE INFORMATION ON IDENTITY THEFT, VISIT OUR WEBSITE AT WWW.SIGNATURENY.COM. CLICK ON "ABOUT US", "PRIVACY & SECURITY" SECTION FOR THE IDENTITY THEFT BROCHURE.
Signature Relationship Summary Opening Bal. Closing Bal.
BANK DEPOSIT ACCOUNTS 1502982903 BANKRUPTCY CHECKING 14,355.30 14,355.30
RELATIONSHIP TOTAL 14,355.30
16-13131-scc Doc 137 Filed 09/25/17 Entered 09/25/17 11:40:42 Main Document Pg 11 of 26
Statement Period From August 01, 2017 To August 31, 2017 Page 2 of 2
PRIVATE CLIENT GROUP 311 950 THIRD AVENUE NEW YORK, NY 10022 JOHN D. GONZALEZ (646) 822-1501
CHOXI.COM, INC DIP 8-311 DIP CASE # 16-13131 CO EDDY FRIEDFELD 300 E 71ST ST. APT 15J NEW YORK NY 10021 999 See Back for Important Information
Primary Account: 1502982903 0
BANKRUPTCY CHECKING 1502982903
Summary
Previous Balance as of August 01, 2017 14,355.30
There was no deposit activity during this statement period
Ending Balance as of August 31, 2017 14,355.30
Rates for this statement period - Overdraft Aug 01, 2017 14.000000 %
16-13131-scc Doc 137 Filed 09/25/17 Entered 09/25/17 11:40:42 Main Document Pg 12 of 26
Sunil Joseph534 Kings HighwayValley Cottage NY 10989
5017218467
Period Covered:August 01, 2017 - August 31, 2017
Case Number CHOXICase Name CHOXI.COM. INC.Trustee Number 0000500860Trustee Name Sunil Joseph
Questions(800) 634-7734
Page 1 of 2
Notable Information For You...
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CONSOLIDATED BALANCE SUMMARY
Account Number Ending BalancePrior Period
Ending BalanceThis Period
Checking AccountTRUSTEE CHECKING 5017218467 $3.83 $3.83
Total $3.83 $3.83
16-13131-scc Doc 137 Filed 09/25/17 Entered 09/25/17 11:40:42 Main Document Pg 13 of 26
Sunil Joseph534 Kings HighwayValley Cottage NY 10989
5017218467
Period Covered:August 01, 2017 - August 31, 2017
Case Number CHOXICase Name CHOXI.COM. INC.Trustee Number 0000500860Trustee Name Sunil Joseph
Questions(800) 634-7734
Page 2 of 2
TRUSTEE CHECKING Account Number: 5017218467
Enclosures 0Avg Collected Balance $3.00
Beginning Balance $3.83+ Total Additions $0.00- Total Subtractions $0.00
Ending Balance $3.83
**No activity this statement period**
16-13131-scc Doc 137 Filed 09/25/17 Entered 09/25/17 11:40:42 Main Document Pg 14 of 26
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CONSOLIDATED BALANCE SUMMARY
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16-13131-scc Doc 137 Filed 09/25/17 Entered 09/25/17 11:40:42 Main Document Pg 15 of 26
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Beginning Balance $931.40
Ending Balance 1 $736.63
Total Fees $194.77
Beginning Balance $206.01Ending Balance 0 $206.01
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CHECKING SUMMARY
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16-13131-scc Doc 137 Filed 09/25/17 Entered 09/25/17 11:40:42 Main Document Pg 16 of 26
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IN CASE OF ERRORS OR QUESTIONS ABOUT YOUR ELECTRONIC FUNDS TRANSFERS:
IN CASE OF ERRORS OR QUESTIONS ABOUT NON-ELECTRONIC TRANSACTIONS:
JPMorgan Chase Bank, N.A. Member FDIC
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16-13131-scc Doc 137 Filed 09/25/17 Entered 09/25/17 11:40:42 Main Document Pg 17 of 26
EntryNo.
Date AccountBilling/Payee/Description
Check No. RefNo.
Debit Credit
10910 12/06/2016 10300 Escrow Management Account
Payment from N.D. Gems Inc.
0 Wire 60,000.00 0.00
11151 01/06/2017 10300 Escrow Management Account
Bid deposit from Jeremy S. Ring
0 260,000.00 0.00
11191 12/09/2016 10300 Escrow Management Account
Payment from NT Jewelers, Inc.
0 190,000.00 0.00
11194 12/28/2016 10300 Escrow Management Account
Cash deposit
0 740.00 0.00
Grand Total:
$510,740.00 $0.00
1/9/2017 12:03:37 PM
Account No. 10300 Matter ID: 10919.001
Page 1 of 1
Listing with Accounts and Transactions
Klestadt Winters Jureller Southard & Stevens, LLP
$250,740.00
16-13131-scc Doc 137 Filed 09/25/17 Entered 09/25/17 11:40:42 Main Document Pg 18 of 26
16-13131-scc Doc 137 Filed 09/25/17 Entered 09/25/17 11:40:42 Main Document Pg 19 of 26
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EntryNo.
Date AccountBilling/Payee/Description
Check No. RefNo.
Debit Credit
11677 03/16/2017 10300 Escrow Management Account
J Club February 2017 Minimum Payment
0 60,000.00 0.00
11766 03/29/2017 10300 Escrow Management Account
Transfer to Choxi.com, Inc. DIP Account at Signature Bank
0 0.00 60,773.00
Grand Total:
$60,000.00 $60,773.00
4/12/2017 9:32:03 AM
Account No. 10300 As of March 2017 Matter ID: 10919.001
Page 1 of 1
Listing with Accounts and Transactions
Klestadt Winters Jureller Southard & Stevens, LLP16-13131-scc Doc 137 Filed 09/25/17 Entered 09/25/17 11:40:42 Main Document
Pg 21 of 26
EntryNo
Date Billing/Payee Desc CheckNo
Amount RunningBalance
10300 / Escrow Management Account April 1, 2017 Balance: $2,610,303.55
11921 04/19/2017 Payment from J Club Inc. 60,000.00 2,670,303.55
April 30, 2017 Balance: $3,440,934.13
5/3/2017 4:12:54 PM
Account No. 10300 As of April 2017 Matter ID: 10919.001
Page 1 of 1
General Ledger with Running Balances
Klestadt Winters Jureller Southard & Stevens, LLP
16-13131-scc Doc 137 Filed 09/25/17 Entered 09/25/17 11:40:42 Main Document Pg 22 of 26
EntryNo
Date Billing/Payee Desc CheckNo
Amount RunningBalance
10300 / Escrow Management Account May 1, 2017 Balance: $3,440,934.13
11978 05/01/2017 Transfer to Choxi.com, Inc. DIP Account at Signature Bank
(50,463.00) 3,390,471.13
12023 05/05/2017 Payment from Paysafe SV
641,078.06 4,031,549.19
12089 05/17/2017 Payment from J Club Inc. 60,000.00 4,091,549.19
May 31, 2017 Balance: $4,215,881.01
6/13/2017 9:41:54 AM
Account No. 10300 As of May 2017 Matter ID: 10919.001
Page 1 of 1
General Ledger with Running Balances
Klestadt Winters Jureller Southard & Stevens, LLP
16-13131-scc Doc 137 Filed 09/25/17 Entered 09/25/17 11:40:42 Main Document Pg 23 of 26
EntryNo
Date Billing/Payee Desc CheckNo
Amount RunningBalance
10300 / Escrow Management Account June 1, 2017 Balance: $4,215,881.01
12268 06/20/2017 Payment from J Club Inc. 60,000.00 4,275,881.01
June 30, 2017 Balance: $4,340,267.79
7/13/2017 10:07:20 AM
Account No. 10300 As of June 2017 Matter ID: 10919.001
Page 1 of 1
General Ledger with Running Balances
Klestadt Winters Jureller Southard & Stevens, LLP
16-13131-scc Doc 137 Filed 09/25/17 Entered 09/25/17 11:40:42 Main Document Pg 24 of 26
EntryNo.
Date AccountBilling/Payee/Description
Check No. RefNo.
Debit Credit
12417 07/17/2017 10300 Escrow Management Account
Deposit from J Club Inc.
0 60,000.00 0.00
Grand Total:
$60,000.00 $0.00
8/2/2017 10:42:11 AM
Account No. 10300 As of July 2017 Matter ID: 10919.001
Page 1 of 1
Listing with Accounts and Transactions
Klestadt Winters Jureller Southard & Stevens, LLP16-13131-scc Doc 137 Filed 09/25/17 Entered 09/25/17 11:40:42 Main Document
Pg 25 of 26
EntryNo.
Date AccountBilling/Payee/Description
Check No. RefNo.
Debit Credit
12584 08/17/2017 10300 Escrow Management Account
J Club Inc.
0 wire 60,000.00 0.00
Grand Total:
$60,000.00 $0.00
9/12/2017 9:21:02 AM
Account No. 10300 As of August 2017 Matter ID: 10919.001
Page 1 of 1
Listing with Accounts and Transactions
Klestadt Winters Jureller Southard & Stevens, LLP16-13131-scc Doc 137 Filed 09/25/17 Entered 09/25/17 11:40:42 Main Document
Pg 26 of 26