Attached files
file | filename |
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8-K - FORM 8-K - EVERGREEN SOLAR INC | v237722_8k.htm |
Exhibit 99.1
UNITED STATES BANKRUPTCY COURT
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DISTRICT OF DELAWARE
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In re Evergreen Solar, Inc.
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Case No. 11-12590 (MFW) | |||
Debtor
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Reporting Period: 8/16/2011 - 8/27/2011
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|||
MONTHLY OPERATING REPORT
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File with Court and submit copy to United States Trustee within 20 days after end of month.
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Submit copy of report to any official committee appointed in the case.
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Document
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Explanation
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Affidavit/
Supplement Attached
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||
REQUIRED DOCUMENTS
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Form No.
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Attached
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Attached
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Schedule of Cash Receipts and Disbursements
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MOR-1
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X
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||
Bank Reconciliation (or copies of debtor's bank reconciliations)
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MOR-1a
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X
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Schedule of Professional Fees Paid
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MOR-1b
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X
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Copies of bank statements
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X
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|||
Cash disbursements journals
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Statement of Operations
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MOR-2
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X
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Balance Sheet
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MOR-3
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X
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Status of Postpetition Taxes
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MOR-4
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X
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Copies of IRS Form 6123 or payment receipt
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X
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Copies of tax returns filed during reporting period
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X
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Summary of Unpaid Postpetition Debts
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MOR-4
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Listing of aged accounts payable
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MOR-4
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X
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Accounts Receivable Reconciliation and Aging
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MOR-5
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X
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Debtor Questionnaire
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MOR-5
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X
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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 Joint Debtor
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Date
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||
/s/ Donald W. Reilly
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9/30/2011
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Signature of Authorized Individual*
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Date
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Donald W. Reilly
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Chief Financial Officer
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Printed Name of Authorized Individual
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Title of Authorized Individual
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*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.
Evergreen Solar, Inc.
Case No. 11-12590 (MFW)
Schedule of Receipts and Disbursements
$ amounts in 000's
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Rolling Two-Week Forecast
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Rolling Two-Week Actual
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||||||
Week ending
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Aug-27
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Aug-27
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Receipts:
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||||||||
Pre-petition receivables
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$ | - | $ | 1,325.3 | ||||
Post-petition Inventory Sales
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- | - | ||||||
Total Receipts
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$ | - | $ | 1,325.3 | ||||
Disbursements
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||||||||
Operating Disbursements
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||||||||
Salaries & Benefits
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$ | 110.2 | $ | 115.2 | ||||
Rent, utilities and taxes
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64.0 | - | ||||||
Materials, fees and other
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340.9 | 77.7 | ||||||
Total Operating Disbursements
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$ | 515.1 | $ | 192.9 | ||||
Non-Operating Disbursements
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||||||||
Severance
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$ | 253.5 | $ | - | ||||
Other transition costs (Mid,Dev,GmbH)
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273.6 | 63.8 | ||||||
Ordinary Course Professionals - Non-op
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- | - | ||||||
Debt reduction
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12,500.0 | 12,500.0 | ||||||
Restructuring Professionals
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- | - | ||||||
Total Non-Operating Disbursements
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$ | 13,027.1 | $ | 12,563.8 | ||||
Total Disbursements
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$ | 13,542.2 | $ | 12,756.7 | ||||
Net Cash Flow
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$ | (13,542.2 | ) | $ | (11,431.4 | ) |
In re Evergreen Solar, Inc.
|
Case No. 11-12590 (MFW) |
Debtor
|
Reporting Period.: 8/16/2011 - 8/27/2011 |
THE FOLLOWING SECTION MUST BE COMPLETED
DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES: (FROM CURRENT MONTH ACTUAL COLUMN)
TOTAL DISBURSEMENTS
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$ | 12,757 | |
LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS
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$ | - | |
PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. from escrow accounts)
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$ | - | |
TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES
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$ | 12,757 |
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF DELAWARE
In re:
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)
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Chapter 11
|
)
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||
EVERGREEN SOLAR, INC.,2
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)
|
Case No. 11-12590 (MFW)
|
)
|
||
Debtor.
|
)
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September 30, 2011
Office of the United States Trustee
Subject: Attestation Regarding Bank Account Reconciliations
The debtor, Evergreen Solar, Inc., hereby submits this attestation regarding bank account reconciliations in lieu of providing copies of bank statements and copies of all account reconciliations.
The debtor has, on a timely basis, performed all bank account reconciliation in the ordinary course of its business. Copies of bank account statements and reconciliations are available for inspection upon request by the United States Trustee’s Office.
/s/ Donald W. Reilly
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Name: Donald W. Reilly
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Position: Chief Financial Officer
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Sworn to and Subscribed
before me on this 30th
day of September, 2011.
/s/ Elaine M. Rowe
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||
Notary Public
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||
My Commission Expires:
|
Oct. 3, 2014
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Case No. 11-12590 (MFW) | |||||||||
Debtor
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Reporting Period.: 8/16/2011 - 8/27/2011 | ||||||||
SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID | |||||||||
This schedule is to include all retained professional payments from case inception to current month. | |||||||||
Payee
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Period Covered
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Amount Approved
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Check
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Amount Paid
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Year-To-Date
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Payor
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Number
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Date
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Fees
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Expenses
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Fees
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Expenses
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|||
N/A
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|||||||||
Case No. 11-12590 (MFW)
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||
Debtor
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Reporting Period.: 8/16/2011 - 8/27/2011
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STATEMENT OF OPERATIONS
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(Income Statement)
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The Statement of Operations is to be prepared on an accrual basis. The accrual basis of accounting recognizes revenue when it is
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realized and expenses when they are incurred, regardless of when cash is actually received or paid.
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Cumulative
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|||||||
REVENUES
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Month
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Filing to Date
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Gross Revenues
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$ | - | $ | ||||
Less: Returns and Allowances
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Net Revenue
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$ | - | $ | ||||
COST OF GOODS SOLD
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|||||||
Beginning Inventory
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|||||||
Add: Purchases
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|||||||
Add: Cost of Labor
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Add: Other Costs (attach schedule)
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68,106 | ||||||
Less: Ending Inventory
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Cost of Goods Sold
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68,106 | ||||||
Gross Profit
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(68,106 | ) | |||||
OPERATING EXPENSES
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|||||||
Advertising
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|||||||
Bad Debts
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|||||||
Employee Benefits Programs
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87,394 | ||||||
Insider Compensation*
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|||||||
Insurance
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|||||||
Intercopany Marketing Fee
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201,727 | ||||||
Office Expense
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|||||||
Pension & Profit-Sharing Plans
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|||||||
Repairs and Maintenance
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|||||||
Rent and Lease Expense
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|||||||
Salaries & Wages
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473,738 | ||||||
Supplies / Materials
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23,300 | ||||||
Taxes - Payroll
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26,750 | ||||||
Taxes - Real Estate
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|||||||
Taxes - Other
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|||||||
Travel and Entertainment
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2,782 | ||||||
Utilities
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58,987 | ||||||
Other (attach schedule)
|
27,853 | ||||||
Total Operating Expenses Before Depreciation
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902,531 | ||||||
Depreciation/Depletion/Amortization
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411,428 | ||||||
Net Profit (Loss) Before Other Income & Expenses
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(1,382,065 | ) | |||||
OTHER INCOME AND EXPENSES
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|||||||
Other Income (attach schedule)
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(317 | ) | |||||
Interest Expense
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|||||||
Other Expense (attach schedule)
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4,651 | ||||||
Net Profit (Loss) Before Reorganization Items
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(1,386,399 | ) | |||||
REORGANIZATION ITEMS
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Professional Fees
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|||||||
U. S. Trustee Quarterly Fees
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|||||||
Interest Earned on Accumulated Cash from Chapter 11 (see continuation sheet)
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|||||||
Gain (Loss) from Sale of Equipment
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|||||||
Other Reorganization Expenses (attach schedule)
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|||||||
Total Reorganization Expenses
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|||||||
Income Taxes
|
|||||||
Net Profit (Loss)
|
$ | (1,386,399 | ) | $ | |||
*"Insider" is defined in 11 U.S.C. Section 101(31).
|
Case No. 11-12590 (MFW)
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||
Debtor
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As of.: 8/27/2011
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BALANCE SHEET
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The Balance Sheet is to be completed on an accrual basis only. Pre-petition liabilities must be classified separately from postpetition obligations.
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BOOK VALUE ON
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ASSETS
|
PETITION DATE
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|||
CURRENT ASSETS
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Unrestricted Cash and Equivalents
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$ | 43,819,525 | ||
Accounts Receivable (Net)
|
3,707,999 | |||
Intercompany Receivables
|
83,857,983 | |||
Inventories
|
13,763,872 | |||
Prepaid Cost of Inventory
|
8,995,004 | |||
Other Current Assets (attach schedule)
|
15,788,647 | |||
TOTAL CURRENT ASSETS
|
169,933,030 | |||
PROPERTY AND EQUIPMENT
|
||||
Real Property and Improvements
|
209,954,740 | |||
Machinery and Equipment
|
258,121,608 | |||
Furniture, Fixtures and Office Equipment
|
6,077,374 | |||
Construction-in-Progress
|
16,788,656 | |||
Leasehold Improvements
|
7,137,865 | |||
Less Accumulated Depreciation
|
(435,510,506 | ) | ||
TOTAL PROPERTY & EQUIPMENT
|
62,569,737 | |||
OTHER ASSETS
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||||
Loans to Insiders*
|
- | |||
Restricted Cash
|
1,324,308 | |||
Deferred Financing Costs
|
7,009,382 | |||
Loans and Related Interest Receivable
|
8,785,535 | |||
Prepaid Cost of Inventory
|
63,743,742 | |||
Investments in Subsidiaries and Intercompany Loans
|
38,579,525 | |||
Other Assets (attach schedule)
|
- | |||
TOTAL OTHER ASSETS
|
119,442,492 | |||
TOTAL ASSETS
|
$ | 351,945,259 |
BOOK VALUE AT END OF CURRENT
|
||||
LIABILITIES AND OWNER EQUITY
|
REPORTING MONTH
|
|||
LIABILITIES NOT SUBJECT TO COMPROMISE (Postpetition)
|
||||
Accounts Payable
|
$ | 367,748 | ||
Intercompany Payables
|
274,079 | |||
Accrued Employee Compensation
|
463,458 | |||
Amounts Due to Insiders*
|
- | |||
Other Postpetition Liabilities (attach schedule)
|
- | |||
TOTAL POSTPETITION LIABILITIES
|
1,105,285 | |||
LIABILITIES SUBJECT TO COMPROMISE (Pre-Petition)
|
||||
Accounts Payable
|
12,476,578 | |||
Goods Received Not Invoiced
|
386,821 | |||
Intercompany Payables
|
76,461,938 | |||
Other Accrued Expenses
|
6,001,893 | |||
Accrued Employee Compensation
|
- | |||
Accrued Debt Interest
|
10,766,124 | |||
Accrued Warranty
|
4,346,764 | |||
Secured Debt
|
152,500,000 | |||
Unsecured Debt
|
208,306,000 | |||
Debt Discount
|
(18,401,150 | ) | ||
Deferred Income Taxes
|
1,204,049 | |||
TOTAL PRE-PETITION LIABILITIES
|
454,049,017 | |||
TOTAL LIABILITIES
|
455,154,302 | |||
OWNER EQUITY
|
||||
Capital Stock
|
416,519 | |||
Additional Paid-In Capital
|
1,050,339,182 | |||
Owner's Equity Account
|
||||
Retained Earnings - Pre-Petition
|
(1,152,579,412 | ) | ||
Retained Earnings - Postpetition
|
(1,386,399 | ) | ||
Adjustments to Owner Equity (attach schedule)
|
||||
Accumulated Other Comprehensive Income
|
1,067 | |||
NET OWNER EQUITY
|
(103,209,043 | ) | ||
TOTAL LIABILITIES AND OWNERS' EQUITY
|
$ | 351,945,259 | ||
*"Insider" is defined in 11 U.S.C. Section 101(31).
|
In re Evergreen Solar, Inc.
|
Case No. 11-12590 (MFW)
|
|
Debtor
|
Reporting Period.: 8/27/2011
|
|
BALANCE SHEET - continuation sheet
|
BOOK VALUE ON
|
||||
ASSETS
|
PETITION DATE
|
|||
Other Current Assets (from balance sheet)
|
||||
Deferred Tax Assets
|
$ | 1,204,049 | ||
Other Receivables (primarily interest paid on 4% notes)
|
4,942,674 | |||
Prepaid Expenses
|
3,246,148 | |||
Spare Parts, Net
|
454,492 | |||
Deferred Restructuring Costs
|
5,853,943 | |||
Other
|
87,341 | |||
OTHER CURRENT ASSETS
|
$ | 15,788,647 |
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF DELAWARE
In re:
|
)
|
Chapter 11
|
)
|
||
EVERGREEN SOLAR, INC.,1
|
)
|
Case No. 11-12590 (MFW)
|
)
|
||
Debtor.
|
)
|
September 30, 2011
Office of the United States Trustee
Subject: Attestation Regarding Postpetition Taxes
The debtor, Evergreen Solar, Inc., hereby submits this attestation regarding postpetition taxes.
All postpetition taxes for the debtor, which are not subject to dispute or reconciliation, are current. There are no material tax disputes or reconciliations.
/s/ Donald W. Reilly
|
|
Name: Donald W. Reilly
|
|
Position: Chief Financial Officer
|
Sworn to and Subscribed
before me on this 30th
day of September, 2011.
/s/ Elaine M. Rowe
|
||
Notary Public
|
||
My Commission Expires:
|
Oct. 3, 2014
|
Evergreen Solar, Inc.
Case No. 11-12590 (MFW)
MOR-4 - AP Aging
Co Code
|
Vendor
|
Vend Name
|
Ref Number
|
Doc Nbr
|
Posting Date
|
Due Date
|
Amt in Local Curr
|
Current
|
0-30
|
Post-Petition
|
|||||||||
1000
|
100783
|
Verizon
|
9782662200AUG-B
|
19030108
|
8/28/2011
|
8/25/2011
|
(28)
|
-
|
(28)
|
1000
|
100783
|
Verizon
|
9782662201AUG-B
|
19030112
|
8/28/2011
|
8/25/2011
|
(763)
|
-
|
(763)
|
4000
|
103448
|
Clipboard Engineering, LLC
|
2011-ESLR-01A
|
5200044312
|
8/28/2011
|
8/23/2011
|
(3,600)
|
-
|
(3,600)
|
4000
|
103468
|
Lawrence Felton
|
ADVANCESEPTCHINA
|
19030048
|
8/28/2011
|
8/24/2011
|
(1,400)
|
-
|
(1,400)
|
4000
|
103468
|
Douglas Miller
|
MILEAGEMERRIMAC
|
19030011
|
8/28/2011
|
8/11/2011
|
(80)
|
-
|
(80)
|
4000
|
103468
|
Tim Power
|
ATSVISIT08/2011
|
19030010
|
8/28/2011
|
8/18/2011
|
(102)
|
-
|
(102)
|
4000
|
103604
|
Lana Chan
|
ADVANCESEPTCHINA
|
19030050
|
8/28/2011
|
8/24/2011
|
(5,000)
|
-
|
(5,000)
|
4000
|
103649
|
Xiang Dai
|
ADVANCECHINA&US
|
19030049
|
8/28/2011
|
8/24/2011
|
(6,500)
|
-
|
(6,500)
|
4000
|
103753
|
Acton Technologies, Inc.
|
160024
|
5200044298
|
8/28/2011
|
9/15/2011
|
(160)
|
(160)
|
-
|
1000
|
103887
|
American Alarm & Communications,In
|
357191A
|
5200044357
|
8/28/2011
|
8/10/2011
|
(2,121)
|
-
|
(2,121)
|
1000
|
103971
|
Atlas Water Systems, Inc.
|
AW0000129539-B
|
5200044478
|
8/28/2011
|
9/18/2011
|
(2,459)
|
(2,459)
|
-
|
1000
|
104048
|
AT&T Mobility
|
824089012AUG11-B
|
19030201
|
8/28/2011
|
9/4/2011
|
(4,868)
|
(4,868)
|
-
|
1000
|
104130
|
Cintas Corporation
|
346364479
|
5200044302
|
8/28/2011
|
8/19/2011
|
(111)
|
-
|
(111)
|
1000
|
104203
|
Cintas Corporation
|
346364480
|
5200044300
|
8/28/2011
|
8/19/2011
|
(439)
|
-
|
(439)
|
1000
|
104227
|
Cintas Corporation
|
346364481
|
5200044301
|
8/28/2011
|
8/19/2011
|
(96)
|
-
|
(96)
|
1000
|
104259
|
Eagle Leasing Company
|
RI354408-B
|
5200044373
|
8/28/2011
|
8/30/2011
|
(26)
|
(26)
|
-
|
1000
|
104259
|
Eagle Leasing Company
|
RI358144
|
5200044319
|
8/28/2011
|
9/14/2011
|
(94)
|
(94)
|
-
|
1000
|
104259
|
Eagle Leasing Company
|
RI358144
|
5200044351
|
8/28/2011
|
9/14/2011
|
94
|
94
|
-
|
1000
|
104259
|
Eagle Leasing Company
|
RI358144-B
|
5200044356
|
8/28/2011
|
9/14/2011
|
(47)
|
(47)
|
-
|
1000
|
104259
|
Nationalgrid
|
2854757021AUG11
|
19030206
|
8/28/2011
|
9/13/2011
|
(9,003)
|
(9,003)
|
-
|
1000
|
104259
|
Nationalgrid
|
7837466035AUG11
|
19030205
|
8/28/2011
|
9/13/2011
|
(11,363)
|
(11,363)
|
-
|
1000
|
104259
|
Matheson Tri-Gas, Inc.
|
R107585815-B
|
5200044481
|
8/28/2011
|
9/20/2011
|
(81)
|
(81)
|
-
|
1000
|
104259
|
Matheson Tri-Gas, Inc.
|
R107587202-B
|
5200044483
|
8/28/2011
|
9/20/2011
|
(24)
|
(24)
|
-
|
1000
|
104259
|
Merrimac Tool Company, Inc.
|
21803
|
5200044457
|
8/28/2011
|
8/2/2011
|
(2,085)
|
-
|
(2,085)
|
1000
|
104259
|
Monster.com
|
4747192-6
|
19030125
|
8/28/2011
|
9/24/2011
|
(325)
|
(325)
|
-
|
1000
|
104259
|
Nstar Gas
|
16545790038AUG-B
|
19030132
|
8/28/2011
|
9/1/2011
|
(15)
|
(15)
|
-
|
1000
|
104259
|
Nstar Gas
|
27416070038AUG-B
|
19030130
|
8/28/2011
|
9/1/2011
|
(7)
|
(7)
|
-
|
1000
|
104259
|
Verizon
|
5083033198AUG-B
|
19030110
|
8/28/2011
|
8/19/2011
|
(12)
|
-
|
(12)
|
1000
|
104259
|
Verizon
|
5084811384AUG-B
|
19030106
|
8/28/2011
|
8/23/2011
|
(240)
|
-
|
(240)
|
1000
|
104259
|
Verizon
|
6178159381AUG-B
|
19030198
|
8/28/2011
|
8/31/2011
|
(779)
|
(779)
|
-
|
1000
|
104259
|
Waste Management of MA, Inc.
|
678004717347-B
|
5200044367
|
8/28/2011
|
8/1/2011
|
(78)
|
-
|
(78)
|
1000
|
104259
|
XO Communications
|
0245230146-B
|
19030061
|
8/28/2011
|
8/11/2011
|
(1,346)
|
-
|
(1,346)
|
1000
|
104259
|
Sprint Email Protection Services
|
6870057226-B
|
19030116
|
8/28/2011
|
9/13/2011
|
(477)
|
(477)
|
-
|
1000
|
104259
|
Automation Solutions Inc.
|
IN054479
|
5200044304
|
8/28/2011
|
9/8/2011
|
(1,427)
|
(1,427)
|
-
|
1000
|
104259
|
Easylink Services Corporation
|
07769341109-B
|
19030179
|
8/28/2011
|
9/2/2011
|
(52)
|
(52)
|
-
|
1000
|
104259
|
Premiere Global Services
|
09053210-B
|
19030114
|
8/28/2011
|
9/8/2011
|
(782)
|
(782)
|
-
|
1000
|
104259
|
Rack Space Managed Hosting
|
100533528-B
|
5200044354
|
8/28/2011
|
8/5/2011
|
(404)
|
-
|
(404)
|
1000
|
104259
|
NC State University
|
CNG0038181-B
|
5200044369
|
8/28/2011
|
8/21/2011
|
(9,375)
|
-
|
(9,375)
|
1000
|
104259
|
Iron Mountain Information Mngmt
|
DVN3666-B
|
19030068
|
8/28/2011
|
8/30/2011
|
(89)
|
(89)
|
-
|
1000
|
104259
|
Iron Mountain Information Mngmt
|
DVN6146-B
|
5200044365
|
8/28/2011
|
8/30/2011
|
(70)
|
(70)
|
-
|
1000
|
104259
|
Iron Mountain Information Mngmt
|
DYX1298-B
|
19030121
|
8/28/2011
|
9/20/2011
|
(178)
|
(178)
|
-
|
1000
|
104259
|
MassDevelopment
|
GROUNDLEASE2011
|
19030009
|
8/28/2011
|
8/23/2011
|
(1)
|
-
|
(1)
|
1000
|
104259
|
MassDevelopment
|
18113- B
|
19030199
|
8/28/2011
|
9/6/2011
|
(1,612)
|
(1,612)
|
-
|
1000
|
104259
|
MassDevelopment
|
18114-B
|
19030194
|
8/28/2011
|
9/6/2011
|
(20)
|
(20)
|
-
|
1000
|
104259
|
MassDevelopment
|
808000181-B
|
19030196
|
8/28/2011
|
9/9/2011
|
(25,544)
|
(25,544)
|
-
|
1000
|
104259
|
Process Asbuilts
|
14127
|
5200044299
|
8/28/2011
|
8/31/2011
|
(308)
|
(308)
|
-
|
1000
|
104259
|
Uniclean Cleanroom Services
|
0450293633
|
5200044479
|
8/28/2011
|
9/16/2011
|
(431)
|
(431)
|
-
|
1000
|
104259
|
ABM Janitorial Serv. SVCS Neast Inc
|
2805306-B
|
5200044371
|
8/28/2011
|
8/31/2011
|
(4,564)
|
(4,564)
|
-
|
1000
|
104259
|
E.L. Harvey & Sons, Inc.
|
27449-1-110831-B
|
5200044437
|
8/28/2011
|
9/15/2011
|
(46)
|
(46)
|
-
|
1000
|
104259
|
E.L. Harvey & Sons, Inc.
|
27449-2-110831-B
|
5200044438
|
8/28/2011
|
9/15/2011
|
(794)
|
(794)
|
-
|
1000
|
104259
|
Praxair Inc.
|
PRAXAIR
|
15000053
|
8/28/2011
|
8/26/2011
|
672
|
-
|
672
|
1000
|
104259
|
Praxair Inc.
|
40537437-B
|
5200044409
|
8/28/2011
|
9/19/2011
|
(119)
|
(119)
|
-
|
1000
|
104259
|
Unifirst Corporation
|
0443874102
|
5200044297
|
8/28/2011
|
9/15/2011
|
(55)
|
(55)
|
-
|
1000
|
104259
|
Cintas Corp
|
016360009
|
5200044381
|
8/28/2011
|
9/18/2011
|
(114)
|
(114)
|
-
|
1000
|
104259
|
Consumers Energy
|
100060729405AUG
|
19000680
|
8/28/2011
|
8/24/2011
|
(1,442)
|
-
|
(1,442)
|
1000
|
104259
|
Metropolitan Telecommunications
|
01004555037487-B
|
19000688
|
8/28/2011
|
8/7/2011
|
(456)
|
-
|
(456)
|
1000
|
104259
|
Metropolitan Telecommunications
|
01004555037527
|
19000671
|
8/28/2011
|
8/23/2011
|
(2,004)
|
-
|
(2,004)
|
1000
|
104259
|
Titan Equipment Services, Inc.
|
32447V-B
|
5200044429
|
8/28/2011
|
9/14/2011
|
(345)
|
(345)
|
-
|
1000
|
104259
|
Mitrano Removal Services LLC
|
29710-B
|
5200044434
|
8/28/2011
|
9/15/2011
|
(181)
|
(181)
|
-
|
1000
|
104259
|
IPG Photonics Corporation
|
40541
|
5200044342
|
8/28/2011
|
9/18/2011
|
(11,712)
|
(11,712)
|
-
|
1000
|
104259
|
Konica Minolta Premier Finance
|
56047502-B
|
19030063
|
8/28/2011
|
8/27/2011
|
(430)
|
-
|
(430)
|
1000
|
104259
|
C.H. Powell Company
|
1580252 A
|
19030052
|
8/28/2011
|
9/22/2011
|
(680)
|
(680)
|
-
|
1000
|
104259
|
Eric Edward Meylan
|
SEPTEMBER11RENT
|
19029976
|
8/28/2011
|
8/22/2011
|
(2,600)
|
-
|
(2,600)
|
1000
|
104259
|
Expeditors N.V.
|
E600678018
|
19030018
|
8/28/2011
|
9/15/2011
|
(613)
|
(613)
|
-
|
1000
|
104259
|
Expeditors N.V.
|
E600679003
|
19030003
|
8/28/2011
|
9/17/2011
|
(612)
|
(612)
|
-
|
1000
|
104259
|
Expeditors N.V.
|
E600679007
|
19030004
|
8/28/2011
|
9/17/2011
|
(2,232)
|
(2,232)
|
-
|
1000
|
104259
|
Expeditors N.V.
|
E600679017
|
19030005
|
8/28/2011
|
9/17/2011
|
(2,232)
|
(2,232)
|
-
|
1000
|
104259
|
Expeditors N.V.
|
E600679837
|
19030019
|
8/28/2011
|
9/22/2011
|
(6,563)
|
(6,563)
|
-
|
1000
|
104259
|
Expeditors N.V.
|
E600680109
|
19030020
|
8/28/2011
|
9/22/2011
|
(3,215)
|
(3,215)
|
-
|
1000
|
104290
|
Expeditors N.V.
|
E600680113
|
19030021
|
8/28/2011
|
9/22/2011
|
(3,215)
|
(3,215)
|
-
|
1000
|
104339
|
Expeditors N.V.
|
E600680114
|
19030022
|
8/28/2011
|
9/22/2011
|
(19,641)
|
(19,641)
|
-
|
1000
|
104339
|
Expeditors N.V.
|
E600680115
|
19030023
|
8/28/2011
|
9/22/2011
|
(3,215)
|
(3,215)
|
-
|
1000
|
104339
|
Expeditors N.V.
|
E600680117
|
19030024
|
8/28/2011
|
9/22/2011
|
(3,215)
|
(3,215)
|
-
|
1000
|
104339
|
Expeditors N.V.
|
E600680119
|
19030025
|
8/28/2011
|
9/22/2011
|
(6,322)
|
(6,322)
|
-
|
1000
|
104343
|
Expeditors N.V.
|
E600680120
|
19030026
|
8/28/2011
|
9/22/2011
|
(6,322)
|
(6,322)
|
-
|
1000
|
104343
|
Expeditors N.V.
|
E600680125
|
19030027
|
8/28/2011
|
9/22/2011
|
(6,322)
|
(6,322)
|
-
|
1000
|
104343
|
Expeditors N.V.
|
E600680129
|
19030028
|
8/28/2011
|
9/22/2011
|
(3,215)
|
(3,215)
|
-
|
1000
|
104356
|
Classic Plumbing & Heating Contract
|
9071
|
5200044314
|
8/28/2011
|
8/16/2011
|
(398)
|
-
|
(398)
|
1000
|
104413
|
Akin Gump Strauss Hauer + Feld, LLP
|
1384198
|
19030202
|
8/28/2011
|
10/16/2011
|
(178,675)
|
(178,675)
|
-
|
1000
|
104440
|
Nexeo Solutions, LLC
|
PREPAYMENT8/26
|
19030044
|
8/28/2011
|
8/21/2011
|
(2,950)
|
-
|
(2,950)
|
Post-Petition |
(367,748)
|
(324,360)
|
(43,388)
|
In re Evergreen Solar, Inc. | Case # 11-12590 (MFW)
|
|
As of.: 8/27/2011
|
|
Debtor
|
|
||
ACCOUNTS RECEIVABLE RECONCILIATION AND AGING
|
Accounts Receivable Reconciliation
|
Amount
|
|||
Total Accounts Receivable at the beginning of the reporting period
|
13,850,321 | |||
+ Amounts billed during the period
|
- | |||
- Amounts collected during the period
|
(1,279,665 | ) | ||
Total Accounts Receivable at the end of the reporting period
|
12,570,656 |
Accounts Receivable Aging
|
Amount
|
|||
0 - 30 days old
|
1,667,383 | |||
31 - 60 days old
|
1,108,212 | |||
61 - 90 days old
|
268,831 | |||
91+ days old
|
9,526,230 | |||
Total Accounts Receivable
|
12,570,656 | |||
Amount considered uncollectible (Bad Debt)
|
(8,851,452 | ) | ||
Accounts Receivable (Net)
|
3,719,204 |
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
|