PNG VENTURES INC - FORM 8-K - EX-99.1 - MONTHLY OPERATING REPORTS - SEPT. 2009 - November 12, 2009

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8-K - PNG VENTURES, INC. FORM 8-K - PNG VENTURES INCform8k.htm
MOR Cover
 
UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF DELAWARE
         
         
In re PNG Ventures, Inc., et al.   
Case No.  09-13162 (CSS)   
 
Reporting Period: 09-30-09  
         
         
MONTHLY OPERATING REPORT
File with Court and submit copy to United States Trustee within 20 days after end of month.
         
         
Submit copy of report to any official committee appointed in the case.
         
REQUIRED DOCUMENTS
Form No.
Document Attached
Explanation Attached
Affidavit/ Supplement Attached
Schedule of Cash Receipts and Disbursements
MOR-1
 Yes
    
     Bank Reconciliation (or copies of debtor's bank reconciliations)
MOR-1a
 Yes
    
     Schedule of Professional Fees Paid
MOR-1b
 Yes
    
     Copies of bank statements
  
 Yes
    
     Cash disbursements journals
  
 Yes
    
Statement of Operations
MOR-2
 Yes
    
Balance Sheet
MOR-3
 Yes
    
Status of Postpetition Taxes
MOR-4
 Yes
    
    Copies of IRS Form 6123 or payment receipt
    
N/A 
  
    Copies of tax returns filed during reporting period
    
N/A
  
Summary of Unpaid Postpetition Debts
MOR-4
 Yes
    
    Listing of aged accounts payable
MOR-4
 Yes
    
Accounts Receivable Reconciliation and Aging
MOR-5
 Yes
    
Debtor Questionnaire
MOR-5
 Yes
    
         
I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents
are true and correct to the best of my knowledge and belief.
         
         
         
Signature of Debtor
Date
      
         
         
         
Signature of Joint Debtor
Date
      
         
         
   /s/ A. Bradley Gabbard
  
   10/27/09
    
Signature of Authorized Individual*
Date
      
         
         
   A. Bradley Gabbard
  
  VP – Special Projects
    
Printed Name of Authorized Individual
Title of Authorized Individual
  
         
         
         
*Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor
is a partnership; a manager or member if debtor is a limited liability company.

 

 
 
 
 
MOR-1


In re   PNG Ventures, Inc., et al.           
  
Case No. 09-131362 (CSS)      
Debtor
  
Reporting Period: 09-30-09      
 
SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS
Amounts reported should be per the debtor's books, 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. The amounts reported in the "PROJECTED" columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). 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)]
 
BANK ACCOUNTS
CURRENT MONTH
CUMULATIVE FILING TO DATE
 
OPER.
PAYROLL
TAX
OTHER
ACTUAL
PROJECTED
ACTUAL
PROJECTED
CASH BEGINNING  OF MONTH
                
 
RECEIPTS
                
CASH  SALES
                
ACCOUNTS RECEIVABLE
                
LOANS AND ADVANCES
                
SALE  OF  ASSETS
                
OTHER  (ATTACH  LIST)
                
TRANSFERS  (FROM  DIP ACCTS)
                
                 
    TOTAL  RECEIPTS
                
 
DISBURSEMENTS
                
NET PAYROLL
                
PAYROLL TAXES
                
SALES, USE, & OTHER TAXES
                
INVENTORY PURCHASES
                
SECURED/ RENTAL/ LEASES
                
INSURANCE
                
ADMINISTRATIVE
                
SELLING
                
OTHER  (ATTACH  LIST)
                
                 
OWNER DRAW *
                
TRANSFERS (TO DIP ACCTS)
                
                 
PROFESSIONAL FEES
                
U.S. TRUSTEE  QUARTERLY FEES
                
COURT COSTS
                
TOTAL DISBURSEMENTS
                
                 
NET CASH FLOW
                
(RECEIPTS LESS DISBURSEMENTS)
                
                 
CASH - END OF MONTH
                
* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE
       
 
 
        
THE FOLLOWING SECTION MUST BE COMPLETED
 
DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES:   (FROM CURRENT MONTH  ACTUAL COLUMN)
TOTAL DISBURSEMENTS                                                                                                                                             (See attachments)
$
    LESS:  TRANSFERS TO DEBTOR IN POSSESSION  ACCOUNTS
$
    PLUS:   ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES  (i.e. from escrow accounts)
$
TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES
$

 
 
 
 
United States Trustee
P O BOX 70937
Charlotte,  NC  28272-0937
                   
Quarterly Fee to the Court
 Conoco
 CTI
 OneSource
 ATM
  
 Total
Court Fee
Applied LNG Technologies
282,136.89
      415,000.00
-
           86,401.56
     6,921.09
  
790,459.54
4,875.00
Arizona LNG
6,760.52
          
6,760.52
325.00
Fleet Star Inc
3,786.07
          
3,786.07
325.00
PNG Ventures Inc
0.00
          
0.00
325.00
New Earth LNG
0.00
          
0.00
325.00
Earth Leasing Inc
0.00
          
0.00
325.00
                   
Total Expenditures
292,683.48
          
801,006.13
6,500.00
                   
                   
                   
                   
             
10
 881010-100
6,500.00
                   
Total Quarterly Reimbursements
  
 Quarterly Fee
        
$0                   to        $ 14,999.99
  
 $            325.00
        
$15,000         to          $74,999.99
  
 $            650.00
        
$75,000         to        $149,999.99
  
 $            975.00
        
$150,000       to        $224,999.99
  
 $         1,625.00
        
$225,000       to        $299,999.99
  
 $         1,950.00
        
$300,000       to        $999,999.99
  
 $         4,875.00
        
$1,000,000    to     $1,999,999.99
  
 $         6,500.00
        
$2,000,000    to     $2,999,999.99
  
 $         9,750.00
        
$3,000,000    to     $4,999,999.99
  
 $       10,400.00
        
$5,000,000    to   $14,999,999.99
  
 $       13,000.00
        
$15,000,000  to   $29,999,999.99
  
 $       20,000.00
        
$30,000,000   or  more
  
 $       30,000.00
        
                 
 
 
 
 
MOR-1b
 
In re PNG Ventures, Inc., et al.   
  
Case No. 09-13162 (CSS)   
Debtor
      
Reporting Period: 09-30-09   
                   
SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID
This schedule is to include all retained professional payments from case inception to current month.
                   
Payee
Period Covered
Amount Approved
  
Check
Amount Paid
Year-To-Date
Payor
Number
Date
Fees
Expenses
Fees
Expenses
                   
                   
None paid since September 9, 2009
                   
                   
                   
                   
                   
                   
                   
                   
                   
                   
                   
                   
                   
                   
                   
                   
                   
                   
                   
                   
                   

 
 
 
 
MOR-2
 
 
Case No. 09-13162 (CSS)  
  
Debtor
  
Reporting Period.: 09-30-09  
  
               
STATEMENT OF OPERATIONS
      
(Income Statement)
      
               
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.
      
               
       
Cumulative
      
REVENUES
  
Month
  
Filing to Date
      
Gross Revenues
   $      $        
Less:  Returns and Allowances
                  
Net Revenue
   $      $        
COST OF GOODS SOLD
                  
Beginning Inventory
  
(See attachments)
        
Add: Purchases
                  
Add: Cost of Labor
                  
Add: Other Costs (attach schedule)
                  
Less: Ending Inventory
                  
Cost of Goods Sold
                  
Gross Profit
                  
OPERATING EXPENSES
                  
Advertising
                  
Auto and Truck Expense
                  
Bad Debts
                  
Contributions
                  
Employee Benefits Programs
                  
Insider Compensation*
                  
Insurance
                  
Management Fees/Bonuses
                  
Office Expense
                  
Pension & Profit-Sharing Plans
                  
Repairs and Maintenance
                  
Rent and Lease Expense
                  
Salaries/Commissions/Fees
                  
Supplies
                  
Taxes - Payroll
                  
Taxes - Real Estate
                  
Taxes - Other
                  
Travel and Entertainment
                  
Utilities
                  
Other (attach schedule)
                  
Total Operating Expenses Before Depreciation
                  
Depreciation/Depletion/Amortization
                  
Net Profit (Loss) Before Other Income & Expenses
                  
OTHER INCOME AND EXPENSES
                  
Other Income (attach schedule)
                  
Interest Expense
                  
Other Expense (attach schedule)
                  
Net Profit (Loss) Before Reorganization Items
                  
REORGANIZATION ITEMS
                  
Professional Fees
                  
U. S. Trustee Quarterly Fees
                  
Interest Earned on Accumulated Cash from Chapter 11 (see continuation sheet)
                  
Gain (Loss) from Sale of Equipment
                  
Other Reorganization Expenses (attach schedule)
                  
Total Reorganization Expenses
                  
Income Taxes
                  
Net Profit (Loss)
   $      $        
                   
* “Insider” is defined in 11 U.S.C. Section 101(31).
            
 
 
 
 
 
 
Income Statement
  
Confidential  -  Unaudited
  
SEPTEMBER 30, 2009
  
                         
   
APPLIED LNG TECHNOLOGIES
NEW EARTH
LNG
EARTH
LEASING
FLEET STAR
ARIZONA LNG
STRUCTURE CHANGE ENTITY
ELIMINATION
CONSOLIDATION
PNG
FINAL CONSOLIDATION
  
   
SEP09
SEP09
  
SEP09
SEP09
      
SEP09
SEP09
  
Revenue
                      
 
601010 - Rev - Fuel Sales - B100(Nonblend)
 $                            -
 $                        -
 $                             -
 $                    -
 $                        -
 $                   -
 $                      -
 $                              -
 $          -
 $                                   -
  
 
601020 - Rev - Fuel Sales - Diesel
 $                            -
 $                        -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                              -
 $          -
 $                                   -
  
 
601030 - Rev - Fuel Sales - Ethanol
 $                            -
 $                        -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                              -
 $          -
 $                                   -
  
 
601040 - Rev - Fuel Sales - Other
 $                            -
 $                        -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                              -
 $          -
 $                                   -
  
 
601070 - Rev - Misc. Income
 $                    400.00
 $                        -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                      400.00
 $          -
 $                           400.00
  
 
601080 - Rev - Freight Income
 $             213,764.48
 $                        -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $               213,764.48
 $          -
 $                    213,764.48
  
 
601160 - Rev - LNG Fuel
 $          1,076,454.23
 $                        -
 $                             -
 $        22,764.56
 $         533,433.14
  
 $      (533,433.14)
 $            1,099,218.79
 $          -
 $                 1,099,218.79
  
 
601180 - Equity Earnings
 $                            -
 $                        -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                              -
 $          -
 $                                   -
  
 
601190 - Rev -Leased Equipment
 $               18,650.00
 $                        -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                 18,650.00
 $          -
 $                      18,650.00
  
 
601210 - Rev - Maintenance & Service Revenue
 $               14,000.00
 $                        -
 $                             -
 $                    -
 $           10,000.00
  
 $        (10,000.00)
 $                 14,000.00
 $          -
 $                      14,000.00
  
 
601220 - Alt Fuel Eq Lease - Storage
 $                            -
 $                        -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                              -
 $          -
 $                                   -
  
 
601230 - Alt Fuel Eq Lease - Fuel Disp
 $                            -
 $                        -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                              -
 $          -
 $                                   -
  
 
601240 - Rev - MORT
 $                            -
 $                        -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                              -
 $          -
 $                                   -
  
 
601250 - Rev - FET Credit
 $                            -
 $                        -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                              -
 $          -
 $                                   -
  
 
601260 - Rev - Trip/Hourly Charge
 $                            -
 $                        -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                              -
 $          -
 $                                   -
  
 
601270 - Rev - CNG Sales
 $                            -
 $                        -
 $                             -
 $        67,014.40
 $                        -
  
 $                      -
 $                 67,014.40
 $          -
 $                      67,014.40
  
Total Revenue
 $          1,323,268.71
 $                        -
 $                             -
 $        89,778.96
 $         543,433.14
 $                   -
 $      (543,433.14)
 $            1,413,047.67
 $          -
 $                 1,413,047.67
  
                         
Cost of Goods Sold
                      
 
701010 - COS - Fuel -B100
 $                            -
 $                        -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                              -
 $          -
 $                                   -
  
 
701050 - COS - Store Exp
 $                            -
 $                        -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                              -
 $          -
 $                                   -
  
 
701060 - COS- Chemicals
 $                            -
 $                        -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                              -
 $          -
 $                                   -
  
 
701160 - COS - Misc expense
 $               10,000.00
 $                        -
 $                             -
 $                    -
 $                        -
  
 $        (10,000.00)
 $                              -
 
 $                                   -
  
 
701170 - COS - Fuel
 $                            -
 $                        -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                              -
 $          -
 $                                   -
  
 
701200 - COS - Freight Exp
 $             268,238.74
 $                        -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $               268,238.74
 $          -
 $                    268,238.74
  
 
701240 - COS - LNG
 $             540,991.86
 $                        -
 $                             -
 $        64,968.53
 $                        -
  
 $      (533,433.14)
 $                 72,527.25
 $          -
 $                      72,527.25
  
 
701250 - COS - LNG Prod Loss
 $                            -
 $                        -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                              -
 $          -
 $                                   -
  
 
701290 - COS - Leased Equip
 $                            -
 $                        -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                              -
 $          -
 $                                   -
  
 
701350 - COS - CNG Purchases
 $                            -
 $                        -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                              -
 $          -
 $                                   -
  
 
701360 - COS - Gas Hedge
 $                            -
 $                        -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                              -
 $          -
 $                                   -
  
 
701370 - COS - Feedstock Gas Imbalance
 $                            -
 $                        -
 $                             -
 $                    -
 $            (5,791.79)
  
 $                      -
 $                 (5,791.79)
 $          -
 $                  (5,791.79)
  
 
701380 - COS - Inventory Adjustment
 $                            -
 $                        -
 $                             -
 $                    -
 $            (1,812.72)
  
 $                      -
 $                 (1,812.72)
 $          -
 $                  (1,812.72)
  
 
701390 - COS - Feed Gas - Fees
 $                            -
 $                        -
 $                             -
 $                    -
 $                    0.62
  
 $                      -
 $                          0.62
 $          -
 $                             0.62
  
 
701400 - COS - Feed Gas - Commodity
 $                            -
 $                        -
 $                             -
 $                    -
 $         566,381.65
  
 $                      -
 $               566,381.65
 $          -
 $                    566,381.65
  
 
701410 - COS - Plant OH
 $                            -
 $                        -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                              -
 $          -
 $                                   -
  
 
701420 - COS - Feed Gas - Transport
 $                            -
 $                        -
 $                             -
 $                    -
 $                355.25
  
 $                      -
 $                      355.25
 $          -
 $                           355.25
  
Total Cost of Goods Sold 
 $             819,230.60
 $                        -
 $                             -
 $        64,968.53
 $         559,133.01
 $                   -
 $      (543,433.14)
 $               899,899.00
 $          -
 $                    899,899.00
  
                         
Gross Profit 
 $             504,038.11
 $                        -
 $                             -
 $        24,810.43
 $          (15,699.87)
 $                   -
 $                      -
 $               513,148.67
 $          -
 $                    513,148.67
  
                         
General and Administrative Expense
                      
                         
Employee Compensation
                      
 
Payroll
                      
 
801010 - Pyrll Exp - Salaries - Office
 $               35,475.60
 $       52,705.55
 $                             -
 $                    -
 $           24,246.70
  
 $                      -
 $               112,427.85
 $          -
 $                    112,427.85
  
 
801130 - Pyrll Exp - Misc Pyrll
 $                    538.36
 $            335.16
 $                             -
 $                    -
 $                171.66
  
 $                      -
 $                   1,045.18
 $          -
 $                        1,045.18
  
 
801140 - Pyrll Directors Compensation
 $                            -
$                    -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                              -
 $          -
 $                                   -
  
         
 $                    -
              
 
Total Payroll
 $               36,013.96
 $       53,040.71
 $                             -
 $                    -
 $           24,418.36
 $                   -
 $                      -
 $               113,473.03
 $          -
 $                    113,473.03
  
                         
 
Payroll Taxes
                      
 
801080 - Pyrll Exp - Fed Taxes Soc Sec
 $                 5,235.78
 $         5,062.12
 $                             -
 $                    -
 $             4,395.54
  
 $                      -
 $                 14,693.44
 $          -
 $                      14,693.44
  
 
801090 - Pyrll Exp - Fed Taxes - Medcre
 $                 1,224.50
 $        2,059.62
 $                             -
 $                    -
 $             1,027.98
  
 $                      -
 $                   4,312.10
 $          -
 $                        4,312.10
  
 
801100 - Pyrll Exp - Fed Taxes - Unemp
 $                      65.22
 $              52.61
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                      117.83
 $          -
 $                           117.83
  
 
801110 - Pyrll Exp - St Taxes - Unemp
 $                    266.88
 $            213.53
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                      480.41
 $          -
 $                           480.41
  
 
801120 - Pyrll Exp - St Taxes - wages
 $                 2,004.86
 $            157.00
 $                             -
 $                    -
 $             2,134.48
  
 $                      -
 $                   4,296.34
 $          -
 $                        4,296.34
  
 
801160 - Pyrll Exp Taxes - Fed Wages
 $                 6,083.93
 $       14,927.09
 $                             -
 $                    -
 $             6,355.03
  
 $                      -
 $                 27,366.05
 $          -
 $                      27,366.05
  
   
 $                            -
 $                    -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                              -
 $          -
 $                                   -
  
 
Total Payroll Taxes
 $               14,881.17
 $       22,471.97
 $                             -
 $                    -
 $           13,913.03
 $                   -
 $                      -
 $                 51,266.17
 $          -
 $                      51,266.17
  
                         
Total Employee Compensation
 $               50,895.13
 $       75,512.68
 $                             -
 $                    -
 $           38,331.39
 $                   -
 $                      -
 $               164,739.20
 $          -
 $                    164,739.20
  
                         
 
741070 - Lease Exp
 $                            -
$                    -
 $                             -
 $                    -
 $                        -
 $                   -
 $                      -
 $                              -
 $          -
 $                                   -
  
 
751010 - Depr Exp - Op Equipment
 $                 1,090.36
$                    -
 $                             -
 $             195.48
 $         207,199.75
 $                   -
 $                      -
 $               208,485.59
 $          -
 $                    208,485.59
  
 
761010 - Depletion
 $                            -
$                    -
 $                             -
 $                    -
 $                        -
 $                   -
 $                      -
 $                              -
 $          -
 $                                   -
  
 
771010 - Amortization
 $                            -
$                    -
 $                             -
 $                    -
 $                        -
 $                   -
 $                      -
 $                              -
 $          -
 $                                   -
  
                         
Office Expense
                      
 
811010 - Office Exp - Off Rent
 $                 3,271.52
$                    -
 $                             -
 $                    -
 $                        -
 $                   -
 $                      -
 $                   3,271.52
 $          -
 $                        3,271.52
  
 
811020 - Office Exp - Equip Rent
 $                    973.75
$                    -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                      973.75
 $          -
 $                           973.75
  
 
811030 - Office Exp - Tel & Fax
 $                 5,854.95
$                    -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                   5,854.95
 $          -
 $                        5,854.95
  
 
811040 - Office Exp - Utilities
 $                 2,308.11
$                    -
 $                             -
 $          1,267.66
 $                        -
  
 $                      -
 $                   3,575.77
 $          -
 $                        3,575.77
  
 
811060 - Office Exp - Cmptr & Soft Sup
 $                 2,657.08
$                    -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                   2,657.08
 $          -
 $                        2,657.08
  
 
811070 - Office Exp - Off Supp
 $                    877.79
$                    -
 $                             -
 $               47.46
 $                        -
  
 $                      -
 $                      925.25
 $          -
 $                           925.25
  
 
811080 - Office Exp - Other Off Exp
 $                 3,038.22
$                    -
 $                             -
 $                    -
 $                  97.23
  
 $                      -
 $                   3,135.45
 $          -
 $                        3,135.45
  
 
811090 - Office Exp - Postage & Ship
 $                    536.23
$                    -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                      536.23
 $          -
 $                           536.23
  
 
811100 - Office Exp - Print & Repro
 $                            -
$                    -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                              -
 $          -
 $                                   -
  
 
811200 - Office Exp - IT Services
 $               38,713.97
$                    -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                 38,713.97
 $          -
 $                      38,713.97
  
Total Office Expense 
 $               58,931.62
$                    -
 $                    -
 $          3,786.07
 $                  97.23
 $                   -
 $                      -
 $                 62,814.92
 $          -
 $                      62,814.92
  
                         
 
Insurance Expense
                      
 
721010 - Insur Exp - Auto
 $                            -
$                    -
 $                             -
 $                    -
 $                        -
 $                   -
 $                      -
 $                              -
 $          -
 $                                   -
  
 
721020 - Insur Exp - Medical
 $               15,940.49
$                    -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                 15,940.49
 $          -
 $                      15,940.49
  
 
721030 - Insur Exp - Dental
 $                 1,165.86
$                    -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                   1,165.86
 $          -
 $                        1,165.86
  
 
721040 - Insur Exp - Wrkrs Comp
 $                    776.64
$                    -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                      776.64
 $          -
 $                           776.64
  
 
721050 - Insur Exp - Other
 $               28,083.50
$                    -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                 28,083.50
 $          -
 $                      28,083.50
  
 
721080 - Insur Exp -  General Liab
 $               24,543.42
$                    -
 $                             -
 $          2,226.10
 $                        -
 $                   -
 $                      -
 $                 26,769.52
 $          -
 $                      26,769.52
  
   
 $                            -
$                    -
 $                             -
 $                    -
 $                        -
 $                   -
 $                      -
 $                              -
 $          -
 $                                   -
  
Total Insurance Expense
 $               70,509.91
$                    -
 $                             -
 $          2,226.10
 $                        -
 $                   -
 $                      -
 $                 72,736.01
 $          -
 $                      72,736.01
  
                         
Professional Fees
                      
 
731010 - Prof Fees Exp - Legal
 $               93,871.19
$                    -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                 93,871.19
 $          -
 $                      93,871.19
  
 
731020 - Prof Fees Exp - Acctg
 $               15,000.00
$                    -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                 15,000.00
 $          -
 $                      15,000.00
  
 
731040 - Prof Fees Exp - Investor Rel
 $                            -
$                    -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                              -
 $          -
 $                                   -
  
 
731060 - Consulting Fee - Other
 $               14,333.63
$                    -
 $                             -
 $                    -
 $                        -
 $                   -
 $                      -
 $                 14,333.63
 $          -
 $                      14,333.63
  
Total Professional Fees
 $             125,603.71
$                    -
 $                             -
 $                    -
 $                        -
 $                   -
 $                      -
 $               125,603.71
 $          -
 $                    125,603.71
  
                         
Repairs and Maintenance
                      
 
741010 - Rep & Maint - Fuel Tstng Exp
 $                            -
 $                        -
 $                             -
 $                    -
 $                        -
 $                   -
 $                      -
 $                              -
 $          -
 $                                   -
  
 
741020 - Rep & Maint - Bldg
 $                            -
 $                        -
 $                             -
 $                    -
 $                        -
 $                   -
 $                      -
 $                              -
 $          -
 $                                   -
  
 
741030 - Rep & Maint - Equip
 $               48,246.73
 $                        -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                 48,246.73
 $          -
 $                      48,246.73
  
 
741040 - Rep & Maint - Autos
 $                            -
 $                        -
 $                             -
 $                    -
 $                        -
 $                   -
 $                      -
 $                              -
 $          -
 $                                   -
  
 
741050 - Rep & Maint - Other
 $                    513.59
 $                        -
 $                             -
 $                    -
 $                        -
 $                   -
 $                      -
 $                      513.59
 $          -
 $                           513.59
  
 
741060 - Plant Ops Exp
 $                            -
 $                        -
 $                             -
 $                    -
 $             3,619.20
 $                   -
 $                      -
 $                   3,619.20
 $          -
 $                        3,619.20
  
   
 $                            -
 $                         -
 $                             -
 $                    -
 $                        -
 $                   -
 $                      -
 $                              -
 $          -
 $                                   -
  
Total Repairs and Maintenance
 $               48,760.32
 $                        -
 $                             -
 $                    -
 $             3,619.20
 $                   -
 $                      -
 $                 52,379.52
 $          -
 $                      52,379.52
  
                       
Plant/Field Operations
                      
 
741080 - Equipment Rent
 $                    439.22
 $                         -
 $                             -
 $                    -
 $                129.39
 $                   -
 $                      -
 $                      568.61
 $          -
 $                           568.61
  
 
741090 - Equipment Rent - Transp Equip
 $                            -
 $                         -
 $                             -
 $                    -
 $                        -
 $                   -
 $                      -
 $                              -
 $          -
 $                                   -
  
 
741100 - Operating Supply Exp
 $                            -
 $                         -
 $                             -
 $                    -
 $                        -
 $                   -
 $                      -
 $                              -
 $          -
 $                                   -
  
 
741110 - Op Supply Exp - Tools, Equip
 $                            -
 $                        -
 $                             -
 $                    -
 $                        -
 $                   -
 $                      -
 $                              -
 $          -
 $                                   -
  
 
741120 - Facility Rent
 $                 7,500.00
 $                         -
 $                             -
 $                    -
 $                        -
 $                   -
 $                      -
 $                   7,500.00
 $          -
 $                        7,500.00
  
 
741130 - Plant Operation Services
 $               25,699.12
 $                         -
 $                             -
 $                    -
 $           13,909.75
 $                   -
 $                      -
 $                 39,608.87
 $          -
 $                      39,608.87
  
 
741140 - Field Operations Exp
 $               19,887.99
 $                         -
 $                             -
 $                    -
 $                        -
 $                   -
 $                      -
 $                 19,887.99
 $          -
 $                      19,887.99
  
                         
Total Plant/Field Operations
 $               53,526.33
 $                         -
 $                             -
 $                    -
 $           14,039.14
 $                   -
 $                      -
 $                 67,565.47
 $          -
 $                      67,565.47
  
                         
 Travel & Entertainment
                      
 
781010 - Trvl and Ent - Air
 $                 7,250.51
 $                        -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                   7,250.51
 $          -
 $                        7,250.51
  
 
781020 - Trvl and Ent - Hotel
 $                 4,987.07
 $                        -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                   4,987.07
 $          -
 $                        4,987.07
  
 
781030 - Trvl and Ent - Meals & Enter
 $                 2,223.28
 $                        -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                   2,223.28
 $          -
 $                        2,223.28
  
 
781040 - Trvl and Ent - Transportation
 $                 5,856.27
 $                         -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                   5,856.27
 $          -
 $                        5,856.27
  
 
781060 - Trvl and Ent - Misc.
 $                      68.68
 $                        -
 $                             -
 $                    -
 $                        -
 $                   -
 $                      -
 $                        68.68
 $          -
 $                             68.68
  
 
781070 - Trvl and Ent - Relocation
 $                            -
 $                         -
 $                             -
 $                    -
 $                        -
 $                   -
 $                      -
 $                              -
 $          -
 $                                   -
  
     
 $                        -
                  
Total Travel & Entertainment
 $               20,385.81
 $                       -
 $                             -
 $                    -
 $                        -
 $                   -
 $                      -
 $                 20,385.81
 $          -
 $                      20,385.81
  
                         
                         
                         
Taxes
Misc Taxes
                      
 
791010 - Misc Taxes - Prop Tax
 $                            -
 $                        -
 $                             -
 $                    -
 $             2,700.00
  
 $                      -
 $                   2,700.00
 $          -
 $                        2,700.00
  
 
791020 - Misc Taxes - Sales Tax
 $                 8,018.92
 $                        -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                   8,018.92
 $          -
 $                        8,018.92
  
 
791030 - Misc Taxes - Fuel Tax
 $                            -
 $                        -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                              -
 $          -
 $                                   -
  
 
791040 - Misc Taxes - Other Taxes
 $                            -
 $                        -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                              -
 $          -
 $                                   -
  
 
Total Misc Taxes
 $                 8,018.92
 $                        -
 $                             -
 $                    -
 $             2,700.00
 $                   -
 $                      -
 $                 10,718.92
 $          -
 $                      10,718.92
  
                         
 
Marketing Expense
 $                            -
 $                        -
  
 $                    -
 $                        -
      
 $          -
    
Marketing
821010 - Mkting Exp - Advertising
 $                 3,500.00
 $                        -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                   3,500.00
 $          -
 $                        3,500.00
  
 
821020 - Mkting Exp - Promotions
 $                            -
 $                         -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                              -
 $          -
 $                                   -
  
 
821030 - Mkting Exp - Trade Exp
 $                            -
 $                         -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                              -
 $          -
 $                                   -
  
 
821040 - Mkting Exp - Research
 $                            -
 $                         -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                              -
 $          -
 $                                   -
  
 
821050 - Mkting Exp - Commissions
 $                            -
 $                         -
 $                             -
 $                    -
 $                        -
 $                   -
 $                      -
 $                              -
 $          -
 $                                   -
  
Total Marketing Expense
 
 $                 3,500.00
 $                        -
 $                             -
 $                    -
 $                        -
 $                   -
 $                      -
 $                   3,500.00
 $          -
 $                        3,500.00
  
                         
 
Other General Expenses
                      
Other General Expenses
                      
 
831010 - Othr Gen & Admn - Bad Debt Exp
 $                            -
 $                       -
 $                             -
 $                    -
 $                        -
 $                   -
 $                      -
 $                              -
 $          -
 $                                   -
  
 
831020 - Othr Gen & Admn - Bank Ser Chrg
 $                    485.11
 $                       -
 $                             -
 $             757.06
 $                        -
  
 $                      -
 $                   1,242.17
 $          -
 $                        1,242.17
  
 
831030 - Othr Gen & Admn - Late Fees
 $                            -
 $                       -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                              -
 $          -
 $                                   -
  
 
831040 - Othr Gen & Admn - Confer & Semin
 $                            -
 $                       -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                              -
 $          -
 $                                   -
  
 
831050 - Othr Gen & Admn - Dues and Subscr
 $                            -
 $                       -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                              -
 $          -
 $                                   -
  
 
831060 - Othr Gen & Admn - Lic, fees, perm
 $                    150.00
 $                       -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                      150.00
 $          -
 $                           150.00
  
 
831070 - Othr Gen & Admn - Charitable Cntr
 $                            -
 $                       -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                              -
 $          -
 $                                   -
  
 
831080 - Othr Gen & Admn - Security
 $                            -
 $                       -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                              -
 $          -
 $                                   -
  
 
831090 - Othr Gen & Admn - Director Fees
 $                            -
 $                       -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                              -
 $          -
 $                                   -
  
 
831110 - Othr Gen & Admn - Relo Exp
 $                            -
 $                       -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                              -
 $          -
 $                                   -
  
 
831120 - Othr Gen & Admn - Miscellaneous
 $                 (443.39)
 $                       -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                    (443.39)
 $          -
 $                         (443.39)
  
 
831130 - Othr Gen & Admn - Payroll Svs
 $                            -
 $                       -
 $                             -
 $                    -
 $                        -
 $                   -
 $                      -
 $                              -
 $          -
 $                                   -
  
 
831140 - Othr Gen & Admn - Recrtng/Excec S
 $                            -
 $                       -
 $                             -
 $                    -
 $                        -
 $                   -
 $                      -
 $                              -
 $          -
 $                                   -
  
 
831160 - Othr Gen & Admn - Trading Expense
 $                            -
 $                       -
 $                             -
 $                    -
 $                        -
 $                   -
 $                      -
 $                              -
 $          -
 $                                   -
  
 
831170 - Othr Gen & Admn - Contract Labor
 $                            -
 $                       -
 $                             -
 $                    -
 $                        -
 $                   -
 $                      -
 $                              -
 $          -
 $                                   -
  
 
831180 - Othr Gen & Admn - Training Expense
 $                            -
 $                        -
 $                             -
 $                    -
 $                        -
 $                   -
 $                      -
 $                              -
 $          -
 $                                   -
  
 
831190 - Othr Gen & Admn - Admin Fees
 $                            -
 $                       -
 $                             -
 $                    -
 $                        -
 $                   -
 $                      -
 $                              -
 $          -
 $                                   -
  
 
831200 - Othr Gen & Admn - Sm Bal Write off
 $                            -
 $                       -
 $                             -
 $                    -
 $                        -
 $                   -
 $                      -
 $                              -
 $          -
 $                                   -
  
 
831210 - Othr Gen & Admn - Othr Gn Alloc Chge Out
 $                            -
 $                       -
 $                             -
 $                    -
 $                        -
 $                   -
 $                      -
 $                              -
 $          -
 $                                   -
  
 
831220 - Othr Gen & Admn - Medical Expense
 $                            -
 $                        -
 $                             -
 $                    -
 $                        -
 $                   -
 $                      -
 $                              -
 $          -
 $                                   -
  
 
831230 - Othr Gen & Admn - Franchise Fees
 $                            -
 $                        -
 $                             -
 $                    -
 $                        -
 $                   -
 $                      -
 $                              -
 $          -
 $                                   -
  
 
Total Other General Expenses
 $                    191.72
 $                        -
 $                             -
 $             757.06
 $                        -
 $                   -
 $                      -
 $                      948.78
 $          -
 $                           948.78
  
                         
                         
Total General and Administrative Expense 
 $             441,413.83
 $        75,512.68
 $                             -
 $          6,964.71
 $         265,986.71
 $                   -
 $                      -
 $               789,877.93
 $          -
 $                    789,877.93
  
                         
Other Income/Expense
 $                            -
 $                      -
  
 $                    -
 $                        -
      
 $          -
    
 
601170 - Rev - Interest Income - Nonaffil
 $                            -
 $                      -
 $                             -
 $                    -
 $                        -
 $                   -
 $                      -
 $                              -
 $          -
 $                                   -
  
 
851040 - Oth Inc./Loss - Gain/Loss-Mkt Sec
 $               72,079.82
 $                      -
 $                             -
 $                    -
 $                        -
 $                   -
 $                      -
 $                 72,079.82
 $          -
 $                      72,079.82
  
 
841010 - Interest Exp - Nots Payable int
 $          (487,738.92)
 $          (630.00)
 $                             -
 $                    -
 $           17,275.45
  
 $                      -
 $             (471,093.47)
 $ (662.14)
 $                (471,755.61)
  
 
841020 - Interest Exp - Disc Amortiz.
 $              (8,585.61)
 $                      -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                 (8,585.61)
 $          -
 $                    (8,585.61)
  
 
841030 - Interest Exp - Fees Amort.
 $                            -
 $                      -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                              -
 $          -
 $                                   -
  
 
841040 - Interest Expense - Nonaffil
 $                            -
 $                      -
 $                             -
 $                    -
 $                        -
  
 $                      -
 $                              -
 $          -
 $                                   -
  
   
 $                            -
 $                      -
  
 $                    -
 $                        -
      
 $          -
    
   
 $                            -
 $                     -
  
 $                    -
 $                        -
      
 $          -
    
Total Other Income (Expense)
 $          (558,162.16)
 $        (630.00)
 $                             -
 $                    -
 $           17,275.45
 $                   -
 $                      -
 $             (541,516.71)
 $             (662.14)
 $                (542,178.85)
  
                         
 
Shares issued for compensation
                      
 
Shares issued for services
                      
 
Interest Expense
                      
 
Interest and Share based expense
                      
                         
 
Pre-Tax Income (Loss)
 $          (495,537.88)
 $    (76,142.68)
 $                             -
 $        17,845.72
 $        (264,411.13)
 $                   -
 $                      -
 $             (818,245.97)
 $ (662.14)
 $                (818,908.11)
  
                         
 
% of Revenue
-267%
0%
  
503%
-206%
    
-173%
0%
-173%
  
                         
 
Net Income (Loss)
 $          (495,537.88)
 $      (76,142.68)
 $                             -
 $        17,845.72
 $        (264,411.13)
 $                   -
 $                      -
 $             (818,245.97)
 $ (662.14)
 $                (818,908.11)
  

 
 
 
 
 
 
MOR-3
 
 
     
Case No. 09-13162 (CSS)     
  
               Debtor
      
Reporting Period: 09-30-09     
  
           
BALANCE SHEET
    
           
The Balance Sheet is to be completed on an accrual basis only. Pre-petition liabilities must be classified separately from postpetition obligations.
      
               
ASSETS
  
BOOK VALUE AT END OF CURRENT REPORTING MONTH
  
BOOK VALUE ON PETITION DATE
      
CURRENT ASSETS
      
 
      
Unrestricted Cash and Equivalents
  
(see attachment)
      
Restricted Cash and Cash Equivalents (see continuation sheet)
              
Accounts Receivable (Net)
              
Notes Receivable
              
Inventories
              
Prepaid Expenses
              
Professional Retainers
              
Other Current Assets (attach schedule)
              
TOTAL CURRENT ASSETS
   $      $        
 
PROPERTY AND EQUIPMENT
                  
Real Property and Improvements
                  
Machinery and Equipment
                  
Furniture, Fixtures and Office Equipment
                  
Leasehold Improvements
                  
Vehicles
                  
Less Accumulated Depreciation
                  
TOTAL PROPERTY & EQUIPMENT
   $      $        
 
OTHER ASSETS
                  
Loans to Insiders*
                  
Other Assets (attach schedule)
                  
TOTAL OTHER ASSETS
   $      $        
 
TOTAL ASSETS
   $      $        
                   
LIABILITIES AND OWNER EQUITY
  
BOOK VALUE AT END OF CURRENT REPORTING MONTH
  
BOOK VALUE ON
PETITION DATE
        
 
LIABILITIES NOT SUBJECT TO COMPROMISE (Postpetition)
            
Accounts Payable
                  
Taxes Payable (refer to FORM MOR-4)
                  
Wages Payable
                  
Notes Payable
                  
Rent / Leases - Building/Equipment
                  
Secured Debt / Adequate Protection Payments
                  
Professional Fees
                  
Amounts Due to Insiders*
                  
Other Postpetition Liabilities (attach schedule)
                  
TOTAL POSTPETITION LIABILITIES
   $      $        
 
LIABILITIES SUBJECT TO COMPROMISE (Pre-Petition)
            
Secured Debt
                  
Priority Debt
                  
Unsecured Debt
                  
TOTAL PRE-PETITION LIABILITIES
   $      $        
                   
TOTAL LIABILITIES
   $      $        
 
OWNER EQUITY
                  
Capital Stock
                  
Additional Paid-In Capital
                  
Partners' Capital Account
                  
Owner's Equity Account
                  
Retained Earnings - Pre-Petition
                  
Retained Earnings - Postpetition
                  
Adjustments to Owner Equity (attach schedule)
                  
Postpetition Contributions (Distributions) (Draws) (attach schedule)
                  
NET OWNER EQUITY
   $      $        
 
TOTAL LIABILITIES AND OWNERS' EQUITY
   $      $        
                   
* “Insider” is defined in 11 U.S.C. Section 101(31).
            
 
 
 
 
 
 
PNG Ventures, Inc.
Income Statement
Confidential  -  Unaudited
SEPTEMBER 30, 2009
    
                       
   
APPLIED LNG TECHNOLOGIES
NEW EARTH LNG
EARTH LEASING
FLEET STAR
ARIZONA LNG
STRUCTURE CHANGE ENTITY
ELIMINATION
CONSOLIDATION
PNG
FINAL CONSOLIDATION
   
SEP09
SEP09
  
SEP09
SEP09
      
SEP09
SEP09
Revenue
                    
 
601010 - Rev - Fuel Sales - B100(Nonblend)
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
 $                                -
 $                                -
 $                                -
 $                                -
 $                                -
 
601020 - Rev - Fuel Sales - Diesel
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                                -
 $                                -
 $                                -
 
601030 - Rev - Fuel Sales - Ethanol
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                                -
 $                                -
 $                                -
 
601040 - Rev - Fuel Sales - Other
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                                -
 $                                -
 $                                -
 
601070 - Rev - Misc. Income
 $                400.00
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                         400.00
 $                                -
 $                         400.00
 
601080 - Rev - Freight Income
 $         213,764.48
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                   213,764.48
 $                                -
 $                   213,764.48
 
601160 - Rev - LNG Fuel
 $       1,076,454.23
 $                                -
 $                                -
 $                22,764.56
 $        533,433.14
  
 $                  (533,433.14)
 $                1,099,218.79
 $                                -
 $                1,099,218.79
 
601180 - Equity Earnings
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                                -
 $                                -
 $                                -
 
601190 - Rev -Leased Equipment
 $           18,650.00
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                     18,650.00
 $                                -
 $                     18,650.00
 
601210 - Rev - Maintenance & Service Revenue
 $           14,000.00
 $                                -
 $                                -
 $                           -
 $          10,000.00
  
 $                    (10,000.00)
 $                     14,000.00
 $                                -
 $                     14,000.00
 
601220 - Alt Fuel Eq Lease - Storage
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                                -
 $                                -
 $                                -
 
601230 - Alt Fuel Eq Lease - Fuel Disp
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                                -
 $                                -
 $                                -
 
601240 - Rev - MORT
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                                -
 $                                -
 $                                -
 
601250 - Rev - FET Credit
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                                -
 $                                -
 $                                -
 
601260 - Rev - Trip/Hourly Charge
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                                -
 $                                -
 $                                -
 
601270 - Rev - CNG Sales
 $                      -
 $                                -
 $                                -
 $                67,014.40
 $                     -
  
 $                                -
 $                     67,014.40
 $                                -
 $                     67,014.40
Total Revenue
 $       1,323,268.71
 $                                -
 $                                -
 $                89,778.96
 $        543,433.14
 $                                -
 $                  (543,433.14)
 $                1,413,047.67
 $                                -
 $                1,413,047.67
                       
Cost of Goods Sold
                    
 
701010 - COS - Fuel -B100
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                                -
 $                                -
  
 
701050 - COS - Store Exp
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                                -
 $                                -
  
 
701060 - COS- Chemicals
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                                -
 $                                -
  
 
701160 - COS - Misc expense
 $           10,000.00
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                    (10,000.00)
 $                                -
 
  
 
701170 - COS - Fuel
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                                -
 $                                -
  
 
701200 - COS - Freight Exp
 $         268,238.74
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                   268,238.74
 $                                -
  
 
701240 - COS - LNG
 $         540,991.86
 $                                -
 $                                -
 $                64,968.53
 $                     -
  
 $                  (533,433.14)
 $                     72,527.25
 $                                -
  
 
701250 - COS - LNG Prod Loss
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                                -
 $                                -
  
 
701290 - COS - Leased Equip
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                                -
 $                                -
  
 
701350 - COS - CNG Purchases
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                                -
 $                                -
  
 
701360 - COS - Gas Hedge
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                                -
 $                                -
  
 
701370 - COS - Feedstock Gas Imbalance
 $                      -
 $                                -
 $                                -
 $                           -
 $           (5,791.79)
  
 $                                -
 $                      (5,791.79)
 $                                -
  
 
701380 - COS - Inventory Adjustment
 $                      -
 $                                -
 $                                -
 $                           -
 $           (1,812.72)
  
 $                                -
 $                      (1,812.72)
 $                                -
  
 
701390 - COS - Feed Gas - Fees
 $                      -
 $                                -
 $                                -
 $                           -
 $                  0.62
  
 $                                -
 $                             0.62
 $                                -
  
 
701400 - COS - Feed Gas - Commodity
 $                      -
 $                                -
 $                                -
 $                           -
 $        566,381.65
  
 $                                -
 $                   566,381.65
 $                                -
  
 
701410 - COS - Plant OH
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                                -
 $                                -
  
 
701420 - COS - Feed Gas - Transport
 $                      -
 $                                -
 $                                -
 $                           -
 $               355.25
  
 $                                -
 $                         355.25
 $                                -
  
Total Cost of Goods Sold
 $         819,230.60
 $                                -
 $                                -
 $                64,968.53
 $        559,133.01
 $                                -
 $                  (543,433.14)
 $                   899,899.00
 $                                -
 $                   899,899.00
                       
Gross Profit
 $         504,038.11
 $                                -
 $                                -
 $                24,810.43
 $         (15,699.87)
 $                                -
 $                                -
 $                   513,148.67
 $                                -
 $                   513,148.67
                       
General and Administrative Expense
                    
                       
Employee Compensation
                    
 
Payroll
                    
 
801010 - Pyrll Exp - Salaries - Office
 $           35,475.60
 $                     52,705.55
 $                                -
 $                           -
 $          24,246.70
  
 $                                -
 $                   112,427.85
 $                                -
  
 
801130 - Pyrll Exp - Misc Pyrll
 $                538.36
 $                         335.16
 $                                -
 $                           -
 $               171.66
  
 $                                -
 $                       1,045.18
 $                                -
  
 
801140 - Pyrll Directors Compensation
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                                -
 $                                -
  
         
 $                           -
            
 
Total Payroll
 $           36,013.96
 $                     53,040.71
 $                                -
 $                           -
 $          24,418.36
 $                                -
 $                                -
 $                   113,473.03
 $                                -
  
                       
 
Payroll Taxes
                    
 
801080 - Pyrll Exp - Fed Taxes Soc Sec
 $             5,235.78
 $                       5,062.12
 $                                -
 $                           -
 $            4,395.54
  
 $                                -
 $                     14,693.44
 $                                -
  
 
801090 - Pyrll Exp - Fed Taxes - Medcre
 $             1,224.50
 $                       2,059.62
 $                                -
 $                           -
 $            1,027.98
  
 $                                -
 $                       4,312.10
 $                                -
  
 
801100 - Pyrll Exp - Fed Taxes - Unemp
 $                 65.22
 $                           52.61
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                         117.83
 $                                -
  
 
801110 - Pyrll Exp - St Taxes - Unemp
 $                266.88
 $                         213.53
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                         480.41
 $                                -
  
 
801120 - Pyrll Exp - St Taxes - wages
 $             2,004.86
 $                         157.00
 $                                -
 $                           -
 $            2,134.48
  
 $                                -
 $                       4,296.34
 $                                -
  
 
801160 - Pyrll Exp Taxes - Fed Wages
 $             6,083.93
 $                     14,927.09
 $                                -
 $                           -
 $            6,355.03
  
 $                                -
 $                     27,366.05
 $                                -
  
   
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                                -
 $                                -
  
 
Total Payroll Taxes
 $           14,881.17
 $                     22,471.97
 $                                -
 $                           -
 $          13,913.03
 $                                -
 $                                -
 $                     51,266.17
 $                                -
  
                       
Total Employee Compensation
 $           50,895.13
 $                     75,512.68
 $                                -
 $                           -
 $          38,331.39
 $                                -
 $                                -
 $                   164,739.20
 $                                -
 $                   164,739.20
                       
 
741070 - Lease Exp
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
 $                                -
 $                                -
 $                                -
 $                                -
  
 
751010 - Depr Exp - Op Equipment
 $             1,090.36
 $                                -
 $                                -
 $                     195.48
 $        207,199.75
 $                                -
 $                                -
 $                   208,485.59
 $                                -
  
 
761010 - Depletion
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
 $                                -
 $                                -
 $                                -
 $                                -
  
 
771010 - Amortization
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
 $                                -
 $                                -
 $                                -
 $                                -
  
                       
Office Expense
                    
 
811010 - Office Exp - Off Rent
 $             3,271.52
 $                                -
 $                                -
 $                           -
 $                     -
 $                                -
 $                                -
 $                       3,271.52
 $                                -
  
 
811020 - Office Exp - Equip Rent
 $                973.75
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                         973.75
 $                                -
  
 
811030 - Office Exp - Tel & Fax
 $             5,854.95
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                       5,854.95
 $                                -
  
 
811040 - Office Exp - Utilities
 $             2,308.11
 $                                -
 $                                -
 $                  1,267.66
 $                     -
  
 $                                -
 $                       3,575.77
 $                                -
  
 
811060 - Office Exp - Cmptr & Soft Sup
 $             2,657.08
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                       2,657.08
 $                                -
  
 
811070 - Office Exp - Off Supp
 $                877.79
 $                                -
 $                                -
 $                      47.46
 $                     -
  
 $                                -
 $                         925.25
 $                                -
  
 
811080 - Office Exp - Other Off Exp
 $             3,038.22
 $                                -
 $                                -
 $                           -
 $                97.23
  
 $                                -
 $                       3,135.45
 $                                -
  
 
811090 - Office Exp - Postage & Ship
 $                536.23
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                         536.23
 $                                -
  
 
811100 - Office Exp - Print & Repro
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                                -
 $                                -
  
 
811200 - Office Exp - IT Services
 $           38,713.97
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                     38,713.97
 $                                -
  
Total Office Expense
 $           58,931.62
 $                                -
 $                                -
 $                  3,786.07
 $                97.23
 $                                -
 $                                -
 $                     62,814.92
 $                                -
 $                     62,814.92
                       
 
Insurance Expense
                    
 
721010 - Insur Exp - Auto
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
 $                                -
 $                                -
 $                                -
 $                                -
  
 
721020 - Insur Exp - Medical
 $           15,940.49
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                     15,940.49
 $                                -
  
 
721030 - Insur Exp - Dental
 $             1,165.86
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                       1,165.86
 $                                -
  
 
721040 - Insur Exp - Wrkrs Comp
 $                776.64
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                         776.64
 $                                -
  
 
721050 - Insur Exp - Other
 $           28,083.50
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                     28,083.50
 $                                -
  
 
721080 - Insur Exp -  General Liab
 $           24,543.42
 $                                -
 $                                -
 $                  2,226.10
 $                     -
 $                                -
 $                                -
 $                     26,769.52
 $                                -
  
   
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
 $                                -
 $                                -
 $                                -
 $                                -
  
Total Insurance Expense
 $           70,509.91
 $                                -
 $                                -
 $                  2,226.10
 $                     -
 $                                -
 $                                -
 $                     72,736.01
 $                                -
 $                     72,736.01
                       
Professional Fees
                    
 
731010 - Prof Fees Exp - Legal
 $           93,871.19
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                     93,871.19
 $                                -
  
 
731020 - Prof Fees Exp - Acctg
 $           15,000.00
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                     15,000.00
 $                                -
  
 
731040 - Prof Fees Exp - Investor Rel
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                                -
 $                                -
  
 
731060 - Consulting Fee - Other
 $           14,333.63
 $                                -
 $                                -
 $                           -
 $                     -
 $                                -
 $                                -
 $                     14,333.63
 $                                -
  
Total Professional Fees
 $         125,603.71
 $                                -
 $                                -
 $                           -
 $                     -
 $                                -
 $                                -
 $                   125,603.71
 $                                -
 $                   125,603.71
                       
Repairs and Maintenance
                    
 
741010 - Rep & Maint - Fuel Tstng Exp
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
 $                                -
 $                                -
 $                                -
 $                                -
  
 
741020 - Rep & Maint - Bldg
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
 $                                -
 $                                -
 $                                -
 $                                -
  
 
741030 - Rep & Maint - Equip
 $           48,246.73
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                     48,246.73
 $                                -
  
 
741040 - Rep & Maint - Autos
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
 $                                -
 $                                -
 $                                -
 $                                -
  
 
741050 - Rep & Maint - Other
 $                513.59
 $                                -
 $                                -
 $                           -
 $                     -
 $                                -
 $                                -
 $                         513.59
 $                                -
  
 
741060 - Plant Ops Exp
 $                      -
 $                                -
 $                                -
 $                           -
 $            3,619.20
 $                                -
 $                                -
 $                       3,619.20
 $                                -
  
   
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
 $                                -
 $                                -
 $                                -
 $                                -
  
Total Repairs and Maintenance
 $           48,760.32
 $                                -
 $                                -
 $                           -
 $            3,619.20
 $                                -
 $                                -
 $                     52,379.52
 $                                -
 $                     52,379.52
                       
Plant/Field Operations
                    
 
741080 - Equipment Rent
 $                439.22
 $                                -
 $                                -
 $                           -
 $               129.39
 $                                -
 $                                -
 $                         568.61
 $                                -
  
 
741090 - Equipment Rent - Transp Equip
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
 $                                -
 $                                -
 $                                -
 $                                -
  
 
741100 - Operating Supply Exp
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
 $                                -
 $                                -
 $                                -
 $                                -
  
 
741110 - Op Supply Exp - Tools, Equip
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
 $                                -
 $                                -
 $                                -
 $                                -
  
 
741120 - Facility Rent
 $             7,500.00
 $                                -
 $                                -
 $                           -
 $                     -
 $                                -
 $                                -
 $                       7,500.00
 $                                -
  
 
741130 - Plant Operation Services
 $           25,699.12
 $                                -
 $                                -
 $                           -
 $          13,909.75
 $                                -
 $                                -
 $                     39,608.87
 $                                -
  
 
741140 - Field Operations Exp
 $           19,887.99
 $                                -
 $                                -
 $                           -
 $                     -
 $                                -
 $                                -
 $                     19,887.99
 $                                -
  
                       
Total Plant/Field Operations
 $           53,526.33
 $                                -
 $                                -
 $                           -
 $          14,039.14
 $                                -
 $                                -
 $                     67,565.47
 $                                -
 $                     67,565.47
                       
 Travel & Entertainment
 
                    
 
781010 - Trvl and Ent - Air
 $             7,250.51
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                       7,250.51
 $                                -
  
 
781020 - Trvl and Ent - Hotel
 $             4,987.07
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                       4,987.07
 $                                -
  
 
781030 - Trvl and Ent - Meals & Enter
 $             2,223.28
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                       2,223.28
 $                                -
  
 
781040 - Trvl and Ent - Transportation
 $             5,856.27
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                       5,856.27
 $                                -
  
 
781060 - Trvl and Ent - Misc.
 $                 68.68
 $                                -
 $                                -
 $                           -
 $                     -
 $                                -
 $                                -
 $                           68.68
 $                                -
  
 
781070 - Trvl and Ent - Relocation
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
 $                                -
 $                                -
 $                                -
 $                                -
  
     
 $                                -
                
Total Travel & Entertainment
 $           20,385.81
 $                                -
 $                                -
 $                           -
 $                     -
 $                                -
 $                                -
 $                     20,385.81
 $                                -
 $                     20,385.81
                       
Misc Taxes
                    
 
791010 - Misc Taxes - Prop Tax
 $                      -
 $                                -
 $                                -
 $                           -
 $            2,700.00
  
 $                                -
 $                       2,700.00
 $                                -
  
 
791020 - Misc Taxes - Sales Tax
 $             8,018.92
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                       8,018.92
 $                                -
  
 
791030 - Misc Taxes - Fuel Tax
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                                -
 $                                -
  
 
791040 - Misc Taxes - Other Taxes
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                                -
 $                                -
  
 
Total Misc Taxes
 $             8,018.92
 $                                -
 $                                -
 $                           -
 $            2,700.00
 $                                -
 $                                -
 $                     10,718.92
 $                                -
  
                       
 
Marketing Expense
 $                      -
 $                                -
  
 $                           -
 $                     -
      
 $                                -
  
 
821010 - Mkting Exp - Advertising
 $             3,500.00
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                       3,500.00
 $                                -
  
 
821020 - Mkting Exp - Promotions
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                                -
 $                                -
  
 
821030 - Mkting Exp - Trade Exp
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                                -
 $                                -
  
 
821040 - Mkting Exp - Research
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                                -
 $                                -
  
 
821050 - Mkting Exp - Commissions
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
 $                                -
 $                                -
 $                                -
 $                                -
  
 
Total Marketing Expense
 $             3,500.00
 $                                -
 $                                -
 $                           -
 $                     -
 $                                -
 $                                -
 $                       3,500.00
 $                                -
 $                       3,500.00
                       
 
Other General Expenses
                    
 
831010 - Othr Gen & Admn - Bad Debt Exp
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
 $                                -
 $                                -
 $                                -
 $                                -
  
 
831020 - Othr Gen & Admn - Bank Ser Chrg
 $                485.11
 $                                -
 $                                -
 $                     757.06
 $                     -
  
 $                                -
 $                       1,242.17
 $                                -
  
 
831030 - Othr Gen & Admn - Late Fees
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                                -
 $                                -
  
 
831040 - Othr Gen & Admn - Confer & Semin
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                                -
 $                                -
  
 
831050 - Othr Gen & Admn - Dues and Subscr
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                                -
 $                                -
  
 
831060 - Othr Gen & Admn - Lic, fees, perm
 $                150.00
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                         150.00
 $                                -
  
 
831070 - Othr Gen & Admn - Charitable Cntr
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                                -
 $                                -
  
 
831080 - Othr Gen & Admn - Security
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                                -
 $                                -
  
 
831090 - Othr Gen & Admn - Director Fees
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                                -
 $                                -
  
 
831110 - Othr Gen & Admn - Relo Exp
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                                -
 $                                -
  
 
831120 - Othr Gen & Admn - Miscellaneous
 $               (443.39)
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                        (443.39)
 $                                -
  
 
831130 - Othr Gen & Admn - Payroll Svs
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
 $                                -
 $                                -
 $                                -
 $                                -
  
 
831140 - Othr Gen & Admn - Recrtng/Excec S
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
 $                                -
 $                                -
 $                                -
 $                                -
  
 
831160 - Othr Gen & Admn - Trading Expense
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
 $                                -
 $                                -
 $                                -
 $                                -
  
 
831170 - Othr Gen & Admn - Contract Labor
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
 $                                -
 $                                -
 $                                -
 $                                -
  
 
831180 - Othr Gen & Admn - Training Expense
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
 $                                -
 $                                -
 $                                -
 $                                -
  
 
831190 - Othr Gen & Admn - Admin Fees
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
 $                                -
 $                                -
 $                                -
 $                                -
  
 
831200 - Othr Gen & Admn - Sm Bal Write off
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
 $                                -
 $                                -
 $                                -
 $                                -
  
 
831210 - Othr Gen & Admn - Othr Gn Alloc Chge Out
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
 $                                -
 $                                -
 $                                -
 $                                -
  
 
831220 - Othr Gen & Admn - Medical Expense
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
 $                                -
 $                                -
 $                                -
 $                                -
  
 
831230 - Othr Gen & Admn - Franchise Fees
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
 $                                -
 $                                -
 $                                -
 $                                -
  
 
Total Other General Expenses
 $                191.72
 $                                -
 $                                -
 $                     757.06
 $                     -
 $                                -
 $                                -
 $                         948.78
 $                                -
  
                       
                       
Total General and Adminstrative Expense
 $         441,413.83
 $                     75,512.68
 $                                -
 $                  6,964.71
 $        265,986.71
 $                                -
 $                                -
 $                   789,877.93
 $                                -
 $                   789,877.93
                       
Other Income/Expense
 $                      -
 $                                -
  
 $                           -
 $                     -
      
 $                                -
  
 
601170 - Rev - Interest Income - Nonaffil
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
 $                                -
 $                                -
 $                                -
 $                                -
  
 
851040 - Oth Inc./Loss - Gain/Loss-Mkt Sec
 $           72,079.82
 $                                -
 $                                -
 $                           -
 $                     -
 $                                -
 $                                -
 $                     72,079.82
 $                                -
  
 
841010 - Interest Exp - Nots Payable int
 $        (487,738.92)
 $                        (630.00)
 $                                -
 $                           -
 $          17,275.45
  
 $                                -
 $                  (471,093.47)
 $                        (662.14)
  
 
841020 - Interest Exp - Disc Amortiz.
 $            (8,585.61)
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                      (8,585.61)
 $                                -
  
 
841030 - Interest Exp - Fees Amort.
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                                -
 $                                -
  
 
841040 - Interest Expense - Nonaffil
 $                      -
 $                                -
 $                                -
 $                           -
 $                     -
  
 $                                -
 $                                -
 $                                -
  
   
 $                      -
 $                                -
  
 $                           -
 $                     -
      
 $                                -
  
   
 $                      -
 $                                -
  
 $                           -
 $                     -
      
 $                                -
  
Total Other Income (Expense)
 $        (558,162.16)
 $                        (630.00)
 $                                -
 $                           -
 $          17,275.45
 $                                -
 $                                -
 $                  (541,516.71)
 $                        (662.14)
 $                  (542,178.85)
                       
 
Shares issued for compensation
                    
 
Shares issued for services
                    
 
Interest Expense
                    
 
Interest and Share based expense
                    
                       
 
Pre-Tax Income (Loss)
 $   (495,537.88)
 $     (76,142.68)
 $                     -
 $       17,845.72
 $  (264,411.13)
 $                       -
 $                      -
 $   (818,245.97)
 $          (662.14)
  
                       
 
% of Revenue
-267%
0%
  
503%
-206%
    
-173%
0%
  
                       
 
Net Income (Loss)
 $        (495,537.88)
 $                    (76,142.68)
 $                                -
 $                17,845.72
 $       (264,411.13)
 $                                -
 $                                -
 $                  (818,245.97)
 $                        (662.14)
  

 

 
 
 

     
Balance Sheet
Confidential  -  Unaudited
September 30, 2009
        
                               
   
 New Earth LNG
 Earth Leasing
 Applied LNG Technologies
 Arizona LNG
 Fleet Star Inc
 Elimination
 PNG Ventures
 PNG Ventures Consolidation
  
 PNG Temp Consol
 Topside Adjustments
 Elimination
 PNG Ventures Consolidation
 Topside Adjustments
 Reclasses
 Final Balance 9/30/09
                                   
CURRENT ASSETS
                        
SEP09
      
 
Cash - Checking/Savings
                                
 
101010 - Cash - Checking
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                           -
      
 
101011 - Cash - Checking Amarillo St
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                           -
      
 
101012 - Cash - CHASE Checking
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                           -
      
 
101013 - Cash - PlainsCapital DIP
 $                                 -
  
 $                            -
 $         170,474.58
 $                             -
  
 $                26,682.41
 $              197,156.99
  
 $                            -
    
 $          197,156.99
      
 
101014 - Cash - CHASE Chckng
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                           -
      
 
101015 - Cash - PlainsCapital Chckng
 $                                 -
  
 $          237,954.21
 $                           -
 $            146,280.16
  
 $                               -
 $            384,234.37
  
 $                            -
    
 $          384,234.37
      
 
101030 - Cash - Fuel
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                           -
      
 
101040 - Cash - DDrive
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                           -
      
 
101050 - Cash - Payroll
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                           -
      
 
101060 - Cash - Cert of Deposits
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                           -
      
 
101080 - Cash - ALT Lockbox
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                           -
      
 
101090 - Cash - Checking Bank of TX
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                           -
      
 
101100 - Cash - Medley Escrow Account
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                            -
      
 
Total Cash /Savings
 $                                 -
 $                             -
 $          237,954.21
 $         170,474.58
 $            146,280.16
 $                            -
 $                26,682.41
 $              581,391.36
  
 $                            -
  
 $                       -
 $           581,391.36
    
 $                   581,391.36
                                   
 
Marketable Securities
                                
 
121010 - Invest in Mkt Sec - Cash
 $                                 -
  
 $          214,635.08
 $                           -
 $                             -
  
 $                               -
 $             214,635.08
  
 $                            -
    
 $             214,635.08
      
 
121020 - Man Financial-Futures Trading
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                           -
      

 
121030 - Stock Trading Account - Chase B - CORP
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                           -
      
 
121040 - Allow for Unrea Gains/Losses
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                           -
      
 
121050 - Stock Held on Site
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                            -
      
 
121060 - Future Trading Account - SW Sec
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                           -
      
 
121070 - Landmark Bank
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                           -
      
 
121080 - Newbridge Securities Corp
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                           -
      
 
Total Marketable Securities
 $                                 -
 $                             -
 $          214,635.08
 $                           -
 $                             -
 $                            -
 $                               -
 $             214,635.08
  
 $                            -
    
 $             214,635.08
    
 $                  214,635.08
                                   
 
Total Cash and Cash Equivalents
 $                                 -
 $                             -
 $         452,589.29
 $         170,474.58
 $            146,280.16
 $                            -
 $                26,682.41
 $            796,026.44
  
 $                            -
  
 $                       -
 $            796,026.44
      
                                   
 
Accounts Receivables
                                
 
111010 - A/R - Trade
 $                                 -
  
 $         1,118,738.78
 $                           -
 $           192,220.52
  
 $                               -
 $           1,310,959.30
  
 $                            -
    
 $           1,310,959.30
      
 
111030 - A/R - Fuel
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
111040 - A/R - Employees
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
111050 - A/R - Other
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
111060 - A/R - Allow doubtful accts
 $                                 -
  
 $                      (9.17)
 $                           -
 $            (15,665.05)
  
 $                               -
 $              (15,674.22)
  
 $                            -
    
 $              (15,674.22)
      
 
111070 - A/R - Interest Acruals
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
111080 - A/R - Overage/Shortage
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
111090 - A/R - 8849 Fuel Tax Credit
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
111100 - A/R - FET Credit Receivable
 $                                 -
  
 $                            -
 $                           -
 $            129,172.62
  
 $                               -
 $              129,172.62
  
 $                            -
    
 $              129,172.62
      
 
111110 - A/R - Affiliates
 $                                 -
  
 $        3,701,314.29
 $    18,237,158.44
 $                             -
 $ (20,024,924.88)
 $                               -
 $           1,913,547.85
  
 $      (1,913,547.85)
    
 $                               -
      
 
111120 - Cover Cost Receivable - EPFS
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
111130 - Gas Imbalance Receivable
 $                                 -
  
 $                            -
 $             18,301.77
 $                             -
  
 $                               -
 $                 18,301.77
  
 $                            -
    
 $                 18,301.77
      
   
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
                  
 
Total Accounts Receivable
 $                                 -
  
 $      4,820,043.90
 $    18,255,460.21
 $          305,728.09
 $ (20,024,924.88)
 $                               -
 $         3,356,307.32
  
 $      (1,913,547.85)
  
 $                       -
 $          1,442,759.47
    
 $               1,442,759.47
                                   
 
Advance to Related Party
                                


 
191010 - Adv to Rel Prties - Blue Wless
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
191020 - Adv to Rel Parties - Mac Ptners
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
191030 - Adv to Rel Parties - Meridian, MS
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
191040 - Adv to Rel Parties - SMS
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
191050 - Adv to Rel Parties - DGMAC
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
191060 - Adv to Rel Parties - Apollo Drllng
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
Total Advance to Related Party
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
  
 $                       -
 $                               -
      
 
Inventory
                                
 
131010 - Inventory - B100 Fuel Tanks
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
                  
 
131020 - Inventory - Misc
 $                                 -
  
 $             27,097.51
 $                           -
 $                             -
  
 $                               -
 $                27,097.51
  
 $                            -
    
 $                27,097.51
      
 
131030 - Inventory - Receipts Clring Acct
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
131040 - Inventory - Transfer Clring Acct
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
131050 - Inventory - Cost Variance
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
131060 - Inventory - Freight Variance
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
131070 - Inventory - Qnty Variance
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
131080 - Inventory - G/L Acct for Cap Ovrhd
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
131090 - Inventory - Diesel Fuel Tanks
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
131100 - Inventory - Diesel Fuel Tanks
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
131110 - Inventory - SMS
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
131111 - Inventory - WIP B100
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
131120 - Inventory - Menthanol
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
131130 - Inventory - Sodium Methylate
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
131140 - Inventory - Soy Bean Oil
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
131150 - Inventory - WIP B100
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
131160 - Inventory - WIP - General
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
131170 - Inventory - LNG Trailers
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
131180 - Inventory - LNG Equipment
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
131190 - Inventory - Valu Reserv - LNG
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
131200 - Inventory - PM Fuels A Tanks
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
131210 - Inventory - PM Fuels E Tanks
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
131220 - Inventory - Methanol
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
131230 - Inventory - LNG Storage Tanks
 $                                 -
  
 $                            -
 $            16,888.25
 $                             -
  
 $                               -
 $                16,888.25
  
 $                            -
    
 $                16,888.25
      
 
Total Inventory
 $                                 -
 $                             -
 $             27,097.51
 $            16,888.25
 $                             -
 $                            -
 $                               -
 $               43,985.76
  
 $                            -
    
 $               43,985.76
    
 $                    43,985.76
                                   

 
 Prepaid Expense
                                
 
161010 - Prepaids - Professional Fees
 $                                 -
  
 $              3,500.00
 $                           -
 $                             -
  
 $                               -
 $                 3,500.00
  
 $                            -
    
 $                 3,500.00
      
 
161020 - Prepaids - Insurance
 $                                 -
  
 $          125,496.09
 $                           -
 $               22,261.12
  
 $                               -
 $              147,757.21
  
 $                            -
    
 $              147,757.21
      
 
161030 - Prepaids - Other
 $                                 -
  
 $        1,193,528.78
 $                           -
 $                             -
  
 $                               -
 $           1,193,528.78
  
 $                            -
    
 $           1,193,528.78
      
 
161040 - Prepaids - Other
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
161050 - Prepaids - Feedstock
 $                                 -
  
 $                            -
 $         175,452.57
 $                             -
  
 $                               -
 $             175,452.57
  
 $                            -
    
 $             175,452.57
      
 
161060 - Prepaids - Loan Interest
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
Total Prepaid Expense
 $                                 -
  
 $       1,322,524.87
 $         175,452.57
 $               22,261.12
 $                            -
 $                               -
 $          1,520,238.56
  
 $                            -
    
 $          1,520,238.56
    
 $               1,520,238.56
                                   
TOTAL CURRENT ASSETS
 $                                 -
 $                             -
 $      6,622,255.57
 $     18,618,275.61
 $          474,269.37
 $ (20,024,924.88)
 $                26,682.41
 $          5,716,558.08
  
 $      (1,913,547.85)
    
 $          3,803,010.23
 $                         -
 $                     -
 $               3,803,010.23
                                   
OTHER ASSETS
                                
                                   
 
141010 - Other Assets - Derivatives
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
151010 - Current Tax Assets
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
                                   
 
 Investments
 $                                 -
  
 $                            -
 $                           -
 $                             -
                      
 
181010 - Investments - Vertex
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
181020 - Investments - Trkrs Corn
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
181030 - Investments - NC
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
181040 - Investments - Skinzwraps
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
181050 - Investments - East Shelf
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
181060 - Investments - Blue Wless
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
181070 - Investments - New Orlean
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
181080 - Investments - SMS
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
181090 -  Investments - Moses Lake
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
181100 -  Investments - Savmore
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
181110 -  Investments - BioDiesel Ven
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
181120 - Investments in Affiliates
 $                                 -
  
 $           (51,263.69)
 $                           -
 $                             -
  
 $                               -
 $              (51,263.69)
  
 $             51,263.69
    
 $                               -
      
 
181130 - Investment - Mid Coast Gas LP
 $                                 -
  
 $            34,399.00
 $                           -
 $                             -
  
 $                               -
 $               34,399.00
  
 $          (34,399.00)
    
 $                               -
      
 
Total Investments
 $                                 -
  
 $           (16,864.69)
 $                           -
 $                             -
 $                            -
 $                               -
 $              (16,864.69)
  
 $             16,864.69
    
 $                               -
      
                                   

 
Notes Receivables
                                
 
201010 - Notes Rec Rel Party - Blue Wless
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
                  
 
201020 - Notes Rec Rel Party - Trckers Cor
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
201030 - Notes Rec Rel Party - MAC Prtnrs
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      

 
201040- Notes Rec Rel Party - Apollo
 $                                 -
  
 $                            -
 $      1,939,095.97
 $                             -
  
 $                               -
 $          1,939,095.97
  
 $     (1,939,095.97)
    
 $                               -
      
 
201050 - Notes Rec Rel Party - Albermarie
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
201060 - Notes Rec Rel Party - Affiliates - Nonc
 $                                 -
  
 $       1,205,638.87
 $                           -
 $                             -
 $     (1,205,638.87)
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
201070 - Notes Rec Rel Party - ADFI - Noncrrnt
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
201080 - Notes Rec Rel Party - Other
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
201090 - Notes Rec Rel Party - Other - Noncrrnt
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
201100 -N/R - DFI Group-NC
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
201110 - Notes Rec Rel Party - Apollo Drilling
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
201120 - N/R - Airo Note Receiv
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
201130 - N/R - SMS
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
201130 - N/R - Robert F. Bickle
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
Total Notes Receivables
 $                                 -
  
 $       1,205,638.87
 $      1,939,095.97
 $                             -
 $     (1,205,638.87)
 $                               -
 $          1,939,095.97
  
 $     (1,939,095.97)
    
 $                               -
      
                                   

 
Fixed Assets
                                
 
171010 - Fixed Asset - Leasehold Impr
 $                                 -
  
 $              5,250.00
 $                           -
 $                             -
  
 $                               -
 $                 5,250.00
  
 $                            -
    
 $                 5,250.00
      
 
171020 - Fixed Asset - Land
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
171030 - Fixed Asset - Bldg
 $                                 -
  
 $                            -
 $             5,250.00
 $                             -
  
 $                               -
 $                 5,250.00
  
 $         422,500.00
    
 $            427,750.00
      
 
171040 - Fixed Assets - Plant Equip
 $                                 -
  
 $                            -
 $      1,260,045.98
 $                             -
  
 $                               -
 $          1,260,045.98
  
 $   33,577,499.97
    
 $      34,837,545.95
      
 
171050 - Fixed Assets - Autos
 $                                 -
  
 $                            -
 $           27,400.00
 $             25,507.62
  
 $                               -
 $               52,907.62
  
 $          (52,907.62)
    
 $                               -
      
 
171060 - Fixed Assets - FF&E
 $                    5,613.52
  
 $           795,361.12
 $            87,412.59
 $                             -
  
 $                               -
 $            888,387.23
  
 $       (883,590.39)
    
 $                 4,796.84
      
 
171070 - Fixed Assets - Software
 $                                 -
  
 $                            -
 $              1,909.00
 $                             -
  
 $                               -
 $                  1,909.00
  
 $             (1,909.00)
    
 $                               -
      
 
171080 - Fixed Assets - Fuel Tanker
 $                                 -
  
 $                            -
 $      2,415,500.00
 $                             -
  
 $                               -
 $          2,415,500.00
  
 $                            -
    
 $          2,415,500.00
      
 
171090 - Fixed Assets - Airplane
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
171100 - Fixed Assets - Capital Lease
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
171110 - Fixed Assets - Office Equipment
 $                                 -
  
 $             22,753.13
 $             5,380.00
 $                             -
  
 $                               -
 $                 28,133.13
  
 $                            -
    
 $                 28,133.13
      
 
171111 - Fixed Assets - Const. in Progress
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
171200 - Depletion - Reserves
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
171250 - Fixed Assets - Const. in Progress
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
171260 - Fixed Assets - LNG Trailers
 $                                 -
  
 $              11,700.00
 $                           -
 $            139,040.61
  
 $                               -
 $              150,740.61
  
 $         (139,040.61)
    
 $                 11,700.00
      
 
171270 - Fixed Assets - Equip - Stations
 $                                 -
  
 $       7,678,132.08
 $                           -
 $             54,545.45
  
 $                               -
 $         7,732,677.53
  
 $    (7,732,677.53)
    
 $                               -
      
 
171280 - Fixed Assets - Equip - Other
 $                                 -
  
 $       1,768,557.98
 $             6,700.00
 $             23,457.22
  
 $                               -
 $           1,798,715.20
  
 $     (1,768,557.95)
    
 $                30,157.25
      
 
171290 - Fixed Assets -  Other
 $                                 -
  
 $              13,195.60
 $                           -
 $                             -
  
 $                               -
 $                 13,195.60
  
 $             (7,184.97)
    
 $                  6,010.63
      
 
171310 - Fixed Asset - Equipment - Needle Mt
 $                                 -
  
 $             14,660.00
 $     8,040,479.02
 $                             -
  
 $                               -
 $          8,055,139.02
  
 $     (8,055,139.02)
    
 $                               -
      
 
171340 - Fixed Asset - Lnd - Dura Ethnl Plt
 $                                 -
  
 $                            -
 $            13,420.00
 $                             -
  
 $                               -
 $                13,420.00
        
 $                13,420.00
      
 
171350 - Fixed Asset - Lnd - Greenville, MS
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
171360 - Fixed Asset - Lnd - Amer Erth Bldg
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
Total Fixed Assets
 $                    5,613.52
  
 $     10,309,609.91
 $    11,863,496.59
 $          242,550.90
 $                            -
 $                               -
 $       22,421,270.92
  
 $    15,358,992.88
    
 $      37,780,263.80
    
 $           37,780,263.80
                                   
 
Accumulated Depreciation
                                
 
171120 - Accum Depr - Bldg
 $                                 -
  
 $                            -
 $           (48,511.02)
 $                             -
  
 $                               -
 $               (48,511.02)
  
0
    
 $               (48,511.02)
      
 
171130 - Accum Depr - FF&E
 $                   (1,591.35)
  
 $       (645,657.32)
 $         (96,306.92)
 $                             -
  
 $                               -
 $          (743,555.59)
  
 $         743,555.59
    
 $                               -
      
 
171140 - Accum Depr - Lease Improv
 $                                 -
  
 $                  (87.50)
 $                           -
 $                             -
  
 $                               -
 $                     (87.50)
  
 $                            -
    
 $                     (87.50)
      
 
171150 - Accum Depr - Fuel Tanker
 $                                 -
  
 $                            -
 $         (44,333.50)
 $                             -
  
 $                               -
 $             (44,333.50)
  
 $                            -
    
 $             (44,333.50)
      
 
171160 - Accum Depr - Airplane
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
171170 - Accum Depr - Cap Leases
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
171180 - Accum Depr - Office Equip
 $                                 -
  
 $             (7,263.17)
 $               (448.35)
 $                             -
  
 $                               -
 $                 (7,711.52)
  
 $                            -
    
 $                 (7,711.52)
      
 
171190 - Accum Amortiz - Cap Leases
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
171210 - Accum Depre - Software
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
171220 - Accum Depre - Autos
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
171230 - Accum Depre - Misc
 $                                 -
  
 $                 (130.00)
 $               (279.50)
 $                             -
  
 $                               -
 $                   (409.50)
  
 $                            -
    
 $                   (409.50)
      
 
171240 - Accum Depre - BIO Plant
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
171300 - Accum Depr - Equip
 $                                 -
  
 $    (7,860,546.87)
 $    (1,530,983.74)
 $               (1,172.88)
  
 $                               -
 $       (9,392,703.49)
  
 $        9,391,530.61
    
 $                 (1,172.88)
      
 
171320 - Accum Depr - Stations
 $                                 -
  
 $                            -
 $    (2,841,948.33)
 $             (54,805.11)
  
 $                               -
 $       (2,896,753.44)
  
 $              54,805.11
    
 $        (2,841,948.33)
      
 
171330 - Accum Depr - Stations-New
 $                                 -
  
 $                            -
 $                           -
 $         (164,288.57)
  
 $                               -
 $           (164,288.57)
  
 $          164,288.57
    
 $                               -
      


 
Total Accumulated Depreciation
 $                   (1,591.35)
  
 $     (8,513,684.86)
 $     (4,562,811.36)
 $        (220,266.56)
 $                            -
 $                               -
 $      (13,298,354.13)
  
 $     10,354,179.88
    
 $        (2,944,174.25)
    
 $             (2,944,174.25)
                                   
 
Total Net Fixed Assets
 $                    4,022.17
  
 $       1,795,925.05
 $     7,300,685.23
 $             22,284.34
 $                            -
 $                               -
 $           9,122,916.79
  
 $     25,713,172.76
    
 $      34,836,089.55
    
 $           34,836,089.55
                                   
 
221010 - Deferred Expenses - Loan Fees
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      

 
261010 - Loan Costs
 $                                 -
  
 $       1,436,706.33
 $             4,348.05
 $                             -
  
 $                               -
 $           1,441,054.38
  
 $      (1,441,054.38)
    
 $                               -
      
                     
 $                            -
            
 
Deferred Compensation
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
                  
 
221020 - Deferred Expenses - Prof. Fee
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
221030 - Deferred Expenses - Comp Cost
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
Total Deferred Compensation
 $                                 -
  
 $                            -
 $                           -
 $                             -
 $                            -
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
                                   

 
Deposits
                                
 
101070 - Cash - Petty Cash
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
211010 - Deposits - Suppliers
 $                                 -
  
 $         225,000.00
 $                           -
 $                             -
  
 $                               -
 $            225,000.00
  
 $                            -
    
 $            225,000.00
      
 
211020 - Deposits - Others
 $                                 -
  
 $             22,189.79
 $                           -
 $                             -
  
 $                               -
 $                22,189.79
  
 $                            -
    
 $                22,189.79
      
 
211030· Capnet Advisors
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
211040 - Tatum Partners
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
211050 - Wick Phillips
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
211060- Petty Cash
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
211070 - Travel Advance
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
211080 - Deposit D Drive
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
211090 - Grenada Truck Stop
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
211100 - Deposit LOC - Earth LNG
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
Total Deposits
 $                                 -
  
 $          247,189.79
 $                           -
 $                             -
 $                            -
 $                               -
 $             247,189.79
  
 $                            -
    
 $             247,189.79
    
 $                  247,189.79
                                   
 
Goodwill
                                
 
241010 - Goodwill
 $          36,159,508.14
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $        36,159,508.14
  
 $  (35,533,258.14)
  
 $   (626,250.00)
 $                               -
      
 
241020 - Amortization of Goodwill
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
Total Goodwill
 $          36,159,508.14
 $                             -
 $                            -
 $                           -
 $                             -
 $                            -
 $                               -
 $        36,159,508.14
  
 $  (35,533,258.14)
  
 $   (626,250.00)
 $                               -
      
                                   
 
251010 - Other LT Assets
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
                                   
 
Intercompany Rececivables
                                
 
111020 - Intercompany To/From
 $              533,643.02
                 70,000.00
 $   72,559,526.93
 $          879,816.41
 $        1,846,864.00
 $  (50,601,364.62)
 $             150,000.00
 $      25,438,485.74
  
 $ (25,287,485.74)
  
 $     (151,000.00)
 $                        (0.00)
      
 
112010 - A/R - Interco - ALT LNG
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
112020 - A/R - Interco - APOLLO DRILLING
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
112030 - A/R - Interco - APOLLO NAT GAS
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
112040 - A/R - Interco - APOLLO RESRCES
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
112050 - A/R - Interco - BLUE WRLSS
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
112060 - A/R - Interco - DGMAC
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
112070 - A/R - Interco - EBOF
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
112080 - A/R - Interco - ERTH LEASING
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
112090 - A/R - Interco - ERTH LNG
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
112100 - A/R - Interco - FS LNG
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
112110 - A/R - Interco - MAC PARTNERS
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
112120 - A/R - Interco - MT STATES
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
Total Intercompany Receivables
 $              533,643.02
 $             70,000.00
 $   72,559,526.93
 $          879,816.41
 $        1,846,864.00
 $  (50,601,364.62)
 $             150,000.00
 $      25,438,485.74
  
 $ (25,287,485.74)
  
 $     (151,000.00)
 $                        (0.00)
      
                                   
                                   
 
Total Non-Current Assets
 $         36,697,173.33
 $             70,000.00
 $    77,228,122.28
 $    10,123,945.66
 $         1,869,148.34
 $  (51,807,003.49)
 $             150,000.00
 $        74,331,386.12
  
 $ (38,470,856.78)
  
 $   (777,250.00)
 $      35,083,279.34
      
                                   
 
TOTAL ASSETS
 $         36,697,173.33
 $             70,000.00
 $   83,850,377.85
 $   28,742,221.27
 $         2,343,417.71
 $   (71,831,928.37)
 $              176,682.41
 $      80,047,944.20
  
 $ (40,384,404.63)
  
 $   (777,250.00)
 $      38,886,289.57
 $              -
 $            -
 $  38,886,289.57
                                   

LIABILITIES
                                
 
Current Liabilities
                                
 
Accounts Payable
                                
 
301010 - A/P - Trade
 $                                 -
  
 $        1,404,979.41
 $            23,035.17
 $                             -
  
 $                               -
 $           1,428,014.58
  
 $                            -
    
 $           1,428,014.58
      
 
301020 - A/P - Employees
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
301040 - A/P - Other
 $                                 -
  
 $            25,000.00
 $                           -
 $                             -
  
 $                 8,563.00
 $               33,563.00
  
 $                            -
    
 $               33,563.00
      
 
301050 - A/P - Dividends
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
301060 - A/P - Vendor Discnt Taken
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
301070 - A/P - Affiliates
 $                                 -
  
 $    18,232,689.39
 $           50,000.00
 $         1,717,235.49
 $  (19,949,924.88)
 $                               -
 $               50,000.00
  
 $          (50,000.00)
    
 $                               -
      
 
421090 - Notes Payable - Billy Mickel
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
Total Accounts Payable
 $                                 -
  
 $    19,662,668.80
 $            73,035.17
 $         1,717,235.49
 $  (19,949,924.88)
 $                 8,563.00
 $            1,511,577.58
  
 $          (50,000.00)
    
 $           1,461,577.58
    
 $                1,461,577.58
                                   
 
Intercompany - Accounts Payable
                                
 
301030 - A/P - Intercompany
 $             3,810,255.41
  
 $       8,168,485.43
 $  44,450,498.38
 $           618,538.86
 $  (50,601,364.62)
 $             258,100.00
 $          6,704,513.46
  
 $     (6,553,513.46)
  
 $     (151,000.00)
 $                        (0.00)
      
 
302010 - A/P - Interco - ALT LNG
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
302020 - A/P - Interco - APOLLO DRILLING
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
302030 - A/P - Interco - APOLLO NAT GAS
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
302040 - A/P - Interco - APOLLO RESRCES
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
302050 - A/P - Interco - BLUE WRLSS
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
302060 - A/P - Interco - DGMAC
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
302070 - A/P - Interco - EBOF
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
302080 - A/P - Interco - ERTH LEASING
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
302090 - A/P - Interco - ERTH LNG
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
302100 - A/P - Interco - FS LNG
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
302110 - A/P - Interco - MAC PARTNERS
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
302120 - A/P - Interco - MT STATES
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
Total Intercompany - Accounts Payable
 $             3,810,255.41
  
 $       8,168,485.43
 $  44,450,498.38
 $           618,538.86
 $  (50,601,364.62)
 $             258,100.00
 $          6,704,513.46
  
 $     (6,553,513.46)
  
 $     (151,000.00)
 $                        (0.00)
      
                                   
 
Accruals
                                
 
311080 - Accrued Exp - Leases
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
321010 - Accrued Interest - Conv. Debt
 $                  10,080.00
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                10,080.00
  
 $                            -
    
 $                10,080.00
      
 
321020 - Accrued Interest - Disc Amortiz
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
321030 - Accrued Interest
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
321040 - Accrued Interest - Other
 $                    1,260.00
  
 $       1,536,366.87
 $           44,689.42
 $                             -
  
 $                10,073.56
 $          1,592,389.85
  
 $                            -
    
 $          1,592,389.85
      
 
Total Accruals
 $                   11,340.00
  
 $       1,536,366.87
 $           44,689.42
 $                             -
 $                            -
 $                10,073.56
 $          1,602,469.85
  
 $                            -
    
 $          1,602,469.85
    
 $               1,602,469.85
                                   
 
Payroll Liabilities
                                
 
311010 - Accrued Exp - Payroll
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
                  
 
311020 - Accrued Exp - Pyrll Fed Payroll Taxes
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
311030 - Accrued Exp - Pyrll State Payroll Taxes
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
311040 - Accrued Exp - Pyrll Unemp Taxes
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
311050 - Accrued Exp - Pyrll Bonuses
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
311060 - Accrued Exp - Pyrll Profess Fees
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
311090 - Accrued Exp - Pyrll Commissions
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
311100 - Accrued Exp - Pyrll Fed Umemp Taxes
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
311110 - Accrued Exp - Pyrll Emp Insur
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
311120 - Accrued Exp - Pyrll Soc. Sec.
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
311130 - Accrued Exp - Pyrll Medicare
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
311140 - Accrued Exp - Pyrll Wage Garnish
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
311150 - Accrued Exp - Pyrll Other
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
Total Payroll Liabilities
 $                                 -
 $                             -
 $                            -
 $                           -
 $                             -
 $                            -
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
                                   

 
Taxes Payable
                                
 
311070 - Accrued Exp - Fuel Taxes
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
                  
 
481010 - Excise Tax - Diesel
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
481020 - Excise Tax - B100
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
481030 - Excise Tax - TX State Diesel
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
481040 - Excise Tax - Lousianna B100 Tax
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
481050 - Sales Tax - Lous. Inspect Fee
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
481060 - Sales Tax - Oil Spill Tax
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
481080 - Sales Tax - Calif ST, LO & DIST
 $                                 -
  
 $           619,052.91
 $                           -
 $                61,281.21
  
 $                               -
 $             680,334.12
  
 $                            -
    
 $             680,334.12
      
 
481100 -  CNG FET Tax Liab
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
481110 -  CNG SET Tax Liab - LCNG
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
481120 -  FET Tax Liab - FLS LNG Sales
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
481130 -  SET Tax Liab - FLS LNG Sales
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
481140 -  SST Tax Liab - FLS LNG Sales
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
481150 - Oklahoma Excise Tax Payable
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
481160 - Underground Storage Tax Payable
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
361010 - Current Taxes Payable
 $                                 -
  
 $        1,818,068.00
 $                           -
 $                             -
  
 $                               -
 $           1,818,068.00
  
 $      (1,818,068.00)
    
 $                               -
      
 
361020 -  Prop Tax  Payable
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
361030 - Sales Tax  Payable
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
361040 - Tax  - Other
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
361050 - State Sales Tax/Calif
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
361060 -  CA Excise Tax Payable
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
361070 - Federal Excise Tax Payable
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
361080 - NV Excise Tax Payable
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
Total Fuel Taxes Payable
 $                                 -
  
 $        2,437,120.91
 $                           -
 $                61,281.21
 $                            -
 $                               -
 $          2,498,402.12
  
 $      (1,818,068.00)
    
 $             680,334.12
    
 $                  680,334.12
                                   
 
311160 - Accrued Expenses
 $                                 -
  
 $           186,727.81
 $          125,641.86
 $             52,669.20
  
 $                               -
 $            365,038.87
        
 $            365,038.87
    
 $                 365,038.87
 
311170 - Accrued Expenses -SMS
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
        
 $                               -
      
 
Advance from Related Party
                                
 
371010 - Adv from Rel. Prties -  Apollo
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
371020 - Adv from Rel Prties - Earth LNG
 $                 75,000.00
  
 $                            -
 $                           -
 $                             -
(75,000.00)
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
371030 - Adv from Rel. Prties - DGMAC, LLC
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
371040 - Adv from Rel. Prties - EBI Texas
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
371050 - Adv from Rel. Prties - Other
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
Total Advance from Related Party
 $                 75,000.00
  
 $                            -
 $                           -
 $                             -
 $          (75,000.00)
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
                                   
 
441010 - Other Dbt/Contingencies
 $                                 -
  
 $       1,227,972.00
 $                           -
 $                             -
  
 $            626,250.00
 $          1,854,222.00
  
 $     (1,227,972.00)
  
 $   (626,250.00)
 $                               -
      
 
441020 - Debt Discount
 $                                 -
  
 $              72,127.41
 $                           -
 $                             -
  
 $               (2,836.82)
 $               69,290.59
  
 $         (156,157.00)
    
 $              (86,866.41)
    
 $                   (86,866.41)
 
451010 - Deferred Revenues
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
461010 - Deferred Taxes
 $         15,792,344.30
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $       15,792,344.30
  
 $  (15,792,344.30)
    
 $                               -
      
 
471010 - Minority Interest
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
                                   
 
Total Current Liabilities
 $          19,688,939.71
 $                             -
 $    33,291,469.23
 $  44,693,864.83
 $       2,449,724.76
 $ (70,626,289.50)
 $             900,149.74
 $      30,397,858.77
  
 $ (25,598,054.76)
  
 $   (777,250.00)
 $          4,022,554.01
 $                         -
 $                     -
 $               4,022,554.01
 
Long-Term Liabilities
                                
                                   
 
Notes Payable
                                
 
421010 - N/P - Castlerigg
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
421020 - N/P - Evolution
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
421030 - N/P - Capital Ventures
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
421040 - N/P Sandell Convertible
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
421050 - N/P - Cornell Cap Ptnrs
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
421060 - N/P -  Prtside Gr&Op Fund
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
421070 - N/P - Coral Energy
 $                                 -
  
 $                            -
 $      1,696,480.05
 $                             -
  
 $                               -
 $          1,696,480.05
  
 $                            -
    
 $          1,696,480.05
      
 
421080 - N/P - El Paso Nat Gas
 $                                 -
  
 $                            -
 $         872,881.54
 $                             -
  
 $                               -
 $             872,881.54
  
 $                            -
    
 $             872,881.54
      
 
421100 - N/P - Excalibur Lmted Prntshp
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
421110 - N/P - Whlhvn Cptl Fnd LTD
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
421120 - N/P - Fin Inst - Curr
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
421130 - N/P- Fin Inst - L/T
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
421140 - N/P - FCC AR Revolver
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
421150 - N/P - FCC Term Note
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
421160 - N/P - Affiliates - Curr
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
421170 - N/P - Affiliates - L/T
 $                                 -
  
 $                            -
 $      1,205,638.87
 $                             -
 $     (1,205,638.87)
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
421180 - N/P - Other
 $                                 -
  
 $           101,500.00
 $                           -
 $                             -
  
 $               59,785.72
 $              161,285.72
  
 $         845,555.00
    
 $          1,006,840.72
    
 $               3,576,202.31
 
421190 - LNG Contract Obligation
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
    
 $                                    -
 
421200 - N/P -  Sandell
 $                                 -
  
 $       3,188,235.00
 $                           -
 $                             -
  
 $                               -
 $          3,188,235.00
  
 $                            -
    
 $          3,188,235.00
    
 $               3,188,235.00
 
421210 - N/P - Apollo
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
    
 $                                    -
 
421220 - N/P - Greenfield AR Revolver
 $                                 -
  
 $          671,236.82
 $                           -
 $                             -
  
 $                               -
 $             671,236.82
  
 $                            -
    
 $             671,236.82
    
 $                  671,236.82
 
421230 - N/P - Medley Term Note
 $                                 -
  
 $   36,363,458.33
 $                           -
 $                             -
  
 $                               -
 $      36,363,458.33
  
 $                            -
    
 $      36,363,458.33
    
 $           36,363,458.33
 
421240 - N/P - Black Forest
 $                 63,000.00
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $               63,000.00
  
 $                            -
    
 $               63,000.00
    
 $                    63,000.00
 
Total Notes Payable
 $                 63,000.00
  
 $    40,324,430.15
 $     3,775,000.46
 $                             -
 $     (1,205,638.87)
 $               59,785.72
 $       43,016,577.46
  
 $         845,555.00
  
 $                       -
 $       43,862,132.46
      
                                   
 
231010 - Deferred Tax Assets
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
331010 - Curr Portn of LT Dbt
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
341010 - Lines of Credit
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
351010 - Derivative Liability
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
 
431010 - Capital Leases
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
      
                                   
 
Total Liabilities
 $           19,751,939.71
 $                             -
 $    73,615,899.38
 $  48,468,865.29
 $       2,449,724.76
 $   (71,831,928.37)
 $            959,935.46
 $       73,414,436.23
  
 $ (24,752,499.76)
  
 $   (777,250.00)
 $      47,884,686.47
 $                         -
 $                     -
 $           47,884,686.47
                                   

 
STOCKHOLDERS' EQUITY
                                
                                   
 
Earnings Current Period
 $              (706,781.19)
0
 $     (1,025,485.89)
 $   (3,786,083.93)
 $               21,381.40
  
 $             (69,265.94)
 $       (5,566,235.55)
        
 $       (5,566,235.55)
    
 $            (5,566,235.55)
                                   
 
Capital Stock
                                
 
501010 - Stck Equit - Pref. Stock (PAR)
 $          (4,075,715.00)
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $        (4,075,715.00)
  
 $       4,075,715.00
    
 $                               -
      
 
501020 - Stck Equit - Common Stock (PAR)
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                 (1,313.57)
 $                 (1,313.57)
  
 $              11,398.00
    
 $                10,084.43
    
 $                     10,084.43
 
501030 - Stck Equit - Add'l Paid in Capit.
 $        27,766,248.44
  
 $    (5,244,285.83)
 $   23,227,861.54
 $              10,000.00
  
 $          (522,722.86)
 $        45,237,101.29
  
 $   (45,241,016.84)
    
 $                (3,915.55)
    
 $                     (3,915.55)
 
501040 - Stck Equit - Warrants
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
    
 $                                    -
 
501050 - Stck Equit - Restricted Stk
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
        
 $                               -
    
 $                                    -
 
501060 - Stck Equit - Othr Compr. Inc/Loss
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
    
 $                                    -
 
501070 - Stck Equit - Ret. Earnings CURR
 $          (6,038,518.63)
70,000.00
 $     16,504,250.19
 $ (35,668,421.63)
 $         (137,688.45)
  
 $           (189,950.68)
 $    (25,460,329.20)
  
 $    22,021,998.97
    
 $       (3,438,330.23)
    
 $            (3,438,330.23)
 
501080 - Stck Equit - Ret. Earnings PRIOR
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
        
 $                               -
    
 $                                    -
 
501090 - Unrealized Gain (Loss)
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
    
 $                                    -
 
501100 - Partnership Capital - Affil
 $                                 -
  
 $                            -
 $   (3,500,000.00)
 $                             -
  
 $                               -
 $       (3,500,000.00)
  
 $      3,500,000.00
    
 $                               -
    
 $                                    -
 
501110 - Capital Stock
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
    
 $                                    -
 
501120 - Par Value
 $                                 -
  
 $                            -
 $                           -
 $                             -
  
 $                               -
 $                               -
  
 $                            -
    
 $                               -
    
 $                                    -
 
Total Capital Stock
 $           17,652,014.81
 $             70,000.00
 $     11,259,964.36
 $ (15,940,560.09)
 $         (127,688.45)
 $                            -
 $             (713,987.11)
 $        12,199,743.52
  
 $   (15,631,904.87)
  
 $                       -
 $         (3,432,161.35)
 $                         -
 $                     -
 $              (3,432,161.35)
                                   
 
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY
 $         36,697,173.33
 $             70,000.00
 $   83,850,377.85
 $   28,742,221.27
 $         2,343,417.71
 $   (71,831,928.37)
 $              176,682.41
 $      80,047,944.20
  
 $ (40,384,404.63)
  
 $   (777,250.00)
 $      38,886,289.57
 $              -
 $            -
 $  38,886,289.57

 
 
 
MOR-4
 

In re PNG Ventures, Inc., et al.   
    
Case No.  09-13162 (CSS)   
               Debtor
      
Reporting Period:  09-30-09   
             
STATUS OF POSTPETITION TAXES
             
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.
        
             
 
Beginning Tax Liability
Amount Withheld or Accrued
Amount Paid
Date Paid
Check No.or EFT
Ending Tax Liability
Federal
            
Withholding
            
FICA-Employee
(See attached)
FICA-Employer
            
Unemployment
            
Income
            
Other:_________________
            
   Total Federal Taxes
            
State and Local
            
Withholding
            
Sales
            
Excise
            
Unemployment
            
Real Property
            
Personal Property
            
Other:_________________
            
   Total State and Local
            
Total Taxes
            
             
SUMMARY OF UNPAID POSTPETITION DEBTS
Attach aged listing of accounts payable.
            
             
   
Number of Days Past Due
  
 
Current
0-30
31-60
61-90
Over 90
Total
Accounts Payable
            
Wages Payable
(See attached)
Taxes Payable
            
Rent/Leases-Building
            
Rent/Leases-Equipment
            
Secured Debt/Adequate Protection Payments
            
Professional Fees
            
Amounts Due to Insiders*
            
Other:__________________________
            
Other:__________________________
            
Total Postpetition Debts
            
             
Explain how and when the Debtor intends to pay any past-due postpetition debts.
        

 

 
 
 

Applied LNG--Tax Payments for September 2009
                  
                             
   
Beginning Tax Liability
    
Amount Withheld or Accrued
    
Amount Paid
    
Excise Tax Liability
  
Date Paid **
Check No. **
Federal
                            
Withholding
     0       6084       6084       0      
FICA - Employee
     0       2618       2618       0      
FICA - Employer
     0       2618       2618       0      
Unemployment
     0       0       0       0      
Income
     0       1224       1224       0      
Other:
     0       0       0       0      
Total Federal Taxes
     0       12544       12544       0      
State and Local
                                    
Withholding
     0       2005       2005       0      
Sales
     0       0       0       0      
Excise
     0       0       0       0      
Unemployment
     0       332       332       0      
Real Property
     0       397       397       0      
PersonalProperty
     0       0       0       0      
Other:
     0       0       0       0      
Total State and Local
     0       2734       2734       0      
Total Taxes
     0       15278       15278       0      
                                     
New Earth LNG--Tax Payments for September 2009
                      
                                     
   
Beginning Tax Liability
    
Amount Withheld or Accrued
    
Amount Paid
    
Excise Tax Liability
  
Date Paid **
Check No. **
Federal
                                    
Withholding
     0       14927       14927       0      
FICA - Employee
     0       2531       2531       0      
FICA - Employer
     0       2531       2531       0      
Unemployment
     0       0       0       0      
Income
     0       2059       2059       0      
Other:
     0       0       0       0      
Total Federal Taxes
     0       22048       22048       0      
State and Local
                                    
Withholding
     0       298       298       0      
Sales
     0       0       0       0      
Excise
     0       0       0       0      
Unemployment
     0       266       266       0      
Real Property
     0       0       0       0      
PersonalProperty
     0       0       0       0      
Other:
     0       0       0       0      
Total State and Local
     0       564       564       0      
Total Taxes
     0       22612       22612       0      
                                     
Arizona LNG--Tax Payments for September 2009
                      
                                     
   
Beginning Tax Liability
    
Amount Withheld or Accrued
    
Amount Paid
    
Excise Tax Liability
  
Date Paid **
Check No. **
Federal
                                    
Withholding
     0       6355       6355       0      
FICA - Employee
     0       2198       2198       0      
FICA - Employer
     0       2196       2198       0      
Unemployment
     0       0       0       0      
Income
     0       1028       1028       0      
Other:
     0       0       0       0      
Total Federal Taxes
     0       1779       11779       0      
State and Local
                                    
Withholding
     0       2134       2134       0      
Sales
     0       0       0       0      
Excise
     0       0       0       0      
Unemployment
     0       0       0       0      
Real Property
     0       0       0       0      
PersonalProperty
     0       0       0       0      
Other:
     0       0       0       0      
Total State and Local
     0       2134       2134       0      
Total Taxes
     0       13913       13913       0      
                                     
** All tax liabilities are paid via payroll service. Amounts were paid by wire transfer on 9/8 and 9/24/09

 
 
 
 

Reporting Period: September 30, 2009
  
 New Earth LNG
  
 Earth Leasing
  
 Applied LNG Technologies
  
 Arizona LNG
  
 Fleet Star Inc
  
 Elimination
  
 PNG Ventures Inc
  
 PNG Venture Consolidation
  
 PNG Temp Consol
  
 Elimination
  
 PNG Ventures Consolidation
  
Analysis of Debts--Pre-petition and Post-petition by Subsidiary:
                                              
                                               
Pre-Petition Accounts Payable & Other Payables
                                              
Applied LNG Tade Accounts Payable
          
       1,082,627
                              
       1,082,627
Sch I
Arizona LNG Trade Accounts Payable
              
          23,035
                          
           23,035
Sch II
Black Forest Note Payable
  
63,000
                                      
63,000
  
Catlerigg Convertible Note Payable
          
3,188,235
                              
3,188,235
  
Medley Secured Term Note
          
36,363,458
                              
36,363,458
  
Shell/Coral Energy Note Payalbe
              
1,696,480
                          
1,696,480
  
El Paso Trade Payable
              
872,882
                          
872,882
  
Accrual for Chattanooga Gas
              
110,530
                          
110,530
  
Recorded Discounts on Notes Payable
          
72,127
  
–
  
–
 
  
 
(2,837)
 
 
 
(156,157)
 
–
 
(86,866)
 
EBOF Note Payable
                          
59,786
              
59,786
  
Other
          
25,000
      
15,834
      
8,563
              
49,397
  
Accrued Interest
  
11,340
      
1,536,367
  
44,689
          
10,074
              
1,602,470
  
Accrual for Settlement of Kelley party litigation
          
101,500
                      
845,555
      
947,055
  
Total Pre-Petition Claims
  
74,340
  
–
  
42,369,315
  
2,747,616
  
15,834
      
75,586
      
689,398
      
45,972,089
  
                                               
Pre-Petition Priority Claims:
                                          
–
  
Sales taxes payable, including penalty & interest
          
619,053
      
61,281
                      
680,334
  
Sales taxes payable, including penalty & interest
              
–
  
25,377
  
0
                  
25,377
  
Property Taxes Payable
          
–
  
14,756
                          
14,756
  
 
  
–
 
–
  
619,053
  
14,756
  
86,658
 
 
 
–
  
 
 
–
 
 
 
720,467
  
                                               
Post-Petition Debts:
                                          
–
  
Applied LNG Trade Accounts Payable
          
322,352
                              
322,352
Sch III
Arizona LNG Trade Accounts Payable
              
–
                          
–
  
Greenfield Revolving Credit Note Payable
          
671,237
                              
671,237
  
Sales Taxes
          
 
      
–
                      
–
  
Sales Taxes
                  
11,458
                      
11,458
  
Property Taxes Payable
          
 
  
 
                          
–
  
Accrual for debtors legal counsel fees
          
90,000
                              
90,000
  
Accrual for debtors financial advisory fees
          
25,000
                              
25,000
  
Accrual for debtors auditors fees
          
15,000
                              
15,000
  
Accrual for debtors court/trustee fees
          
6,500
                              
6,500
  
Other
          
50,228
  
356
  
–
      
–
  
 
  
 
  
–
 
50,584
 
Total Post-Petition and Priority Claims
  
–
  
–
  
       1,180,317
  
356
  
          11,458
      
–
      
–
      
1,192,131
  
Grand Total Liabilities
  
74,340
  
–
  
44,168,684
  
2,762,728
  
113,950
  
 
  
75,586
      
689,398
      
47,884,686
 
                                           
 
  
                                               
Aging of Post Petition Debts:
  
Current
  
0-30
  
31-60
  
61-90
  
Over 90
  
Total
                      
Applied LNG:
                                              
Applied LNG Trade Accounts Payable
  
321,895
      
(685)
  
 
  
1,142
  
322,352
                      
Greenfield Revolving Credit Note Payable
  
        671,237
                  
671,237
                      
Sales Taxes
                      
–
                      
Property Taxes Payable
                      
–
                      
Accrual for debtors legal counsel fees
  
90,000
                  
90,000
                      
Accrual for debtors financial advisory fees
  
25,000
                  
25,000
                      
Accrual for debtors auditors fees
  
15,000
                  
15,000
                      
Accrual for debtors court/trustee fees
  
6,500
                  
6,500
                      
Other
  
50,228
                  
50,228
                      
Total Payables
  
1,179,860
  
–
  
(685)
  
–
  
1,142
  
1,180,317
                      
                                               
Arizona LNG:
                                              
Other
  
356
                  
356
                      
Total Payables
  
356
  
–
  
–
  
–
  
–
  
356
                      
                                               
Fleetstar, Inc:
                                              
Sales Taxes
  
11,458
                  
11,458
                      
Total Payables
  
11,458
  
–
  
–
  
–
  
–
  
11,458
                      

 

 
 
 

MOR-5
 
 
In re  PNG Ventures, Inc., et al.      
            
                        Debtor
            
             
ACCOUNTS RECEIVABLE RECONCILIATION AND AGING
             
Accounts Receivable Reconciliation
  
Amount
  
Total Accounts Receivable at the beginning of the reporting period  (08/31/09)
         $ 1,188,276  
+ Amounts billed during the period
         $ 1,376,259  
- Amounts collected during the period
         $ (1,253,576 ) *
Total Accounts Receivable at the end of the reporting period  (09/30/09)
         $ 1,310,959  
               
Accounts Receivable Aging
  
Amount
  
0 - 30 days old
  
(See attachments)
  
31 - 60 days old
              
61 - 90 days old
              
91+ days old
              
Total Accounts Receivable
              
Amount considered uncollectible (Bad Debt)
              
Accounts Receivable (Net)
              
               
DEBTOR QUESTIONNAIRE
               
Must be completed each month
  
Yes
    
No
  
1.  Have any assets been sold or transferred outside the normal course of business this reporting period?  If yes, provide an explanation below.
           X  
2.  Have any funds been disbursed from any account other than a debtor in possession account this reporting period?  If yes, provide an explanation below.
           X  
3.  Have all postpetition tax returns been timely filed?  If no, provide an explanation below.
     X          
4.  Are workers compensation, general liability and other necessary insurance coverages in effect?  If no, provide an explanation below.
     X          
5.  Has any bank account been opened during the reporting period? If yes, provide documentation identifying the opened account(s).  If an investment account has been opened provide the required documentation pursuant to the Delaware Local Rule 4001-3.
     X          
                 
*  Applied LNG Technologies USA, LLC
$  1,118,739
                
    Fleet Star, Inc.
$  192,220
                
    Total Accounts Receivable
$  1,310,959
                
                 
                 

 
 
 

PNG VENTURES INC Reports

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