Attached files
file | filename |
---|---|
8-K - FORM 8-K - AXION INTERNATIONAL HOLDINGS, INC. | v434705_8k.htm |
EX-99.3 - EXHIBIT 99.3 - AXION INTERNATIONAL HOLDINGS, INC. | v434705_ex99-3.htm |
EX-99.1 - EXHIBIT 99.1 - AXION INTERNATIONAL HOLDINGS, INC. | v434705_ex99-1.htm |
EXHIBIT 99.2
UNITED STATES BANKRUPTCY COURT
DISTRICT OF DELAWARE
In re: Axion International, Inc. | Case No.: 15-12415 |
Reporting Period: February 2016 |
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.
Document | Explanation | Affidavit/Supplement | ||||||
REQUIRED DOCUMENTS | Form No. | Attached | Attached | Attached | ||||
Schedule of Cash Receipts and Disbursements | MOR-1 | Y | Y | |||||
Bank Reconciliation (or copies of debtor's bank reconciliations) | MOR-1a | Y | ||||||
Schedule of Professional Fees Paid | MOR-1b | Y | ||||||
Copies of bank statements | Y | |||||||
Cash disbursements journals | Y | |||||||
Statement of Operations | MOR-2 | Y | Y | |||||
Balance Sheet | MOR-3 | Y | Y | |||||
Status of Postpetition Taxes | MOR-4 | Y | ||||||
Copies of IRS Form 6123 or payment receipt | N | |||||||
Copies of tax returns filed during reporting period | N | |||||||
Summary of Unpaid Postpetition Debts | MOR-4 | Y | ||||||
Listing of aged accounts payable | MOR-4 | Y | ||||||
Accounts Receivable Reconciliation and Aging | MOR-5 | Y | ||||||
Debtor Questionnaire | MOR-5 | Y |
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.
/s/ Donald W. Fallon | March 18, 2016 | |
Signature of Debtor | Date | |
/s/ Donald W. Fallon | March 18, 2016 | |
Signature of Joint Debtor | Date | |
/s/ Donald W. Fallon | March 18, 2016 | |
Signature of Authorized Individual* | Date | |
Donald W. Fallon | CFO & Treasurer | |
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
(04/07)
In re Axion International, Inc. | Case No. 15-12415 (15-12416 & 15-12417) |
Debtor | Reporting Period: February 2016 |
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 | Utility Dep | ACTUAL | PROJECTED | ACTUAL | PROJECTED | ||||||||||||||||||||||||||
CASH BEGINNING OF MONTH | $ | 614,929 | $ | 4,342 | $ | 9,499 | $ | 628,770 | $ | 621,391 | $ | 36,452 | $ | 188,571 | ||||||||||||||||||
RECEIPTS | ||||||||||||||||||||||||||||||||
CASH SALES | $ | - | ||||||||||||||||||||||||||||||
ACCOUNTS RECEIVABLE | $ | 730,888 | $ | 730,888 | $ | 730,888 | $ | 3,184,052 | $ | 3,225,637 | ||||||||||||||||||||||
LOANS AND ADVANCES | $ | - | $ | 175,000 | $ | 650,000 | $ | 675,000 | ||||||||||||||||||||||||
SALE OF ASSETS | $ | - | $ | 47,500 | ||||||||||||||||||||||||||||
OTHER (ATTACH LIST) | $ | - | $ | (5,727 | ) | |||||||||||||||||||||||||||
TRANSFERS (FROM DIP ACCTS) | $ | 345,000 | $ | 345,000 | $ | 478,999 | ||||||||||||||||||||||||||
MISCELLANEOUS | $ | - | $ | 8 | ||||||||||||||||||||||||||||
TOTAL RECEIPTS | $ | 730,888 | $ | 345,000 | $ | - | $ | - | $ | 1,075,888 | $ | 905,888 | $ | 4,354,831 | $ | 3,900,637 | ||||||||||||||||
DISBURSEMENTS | ||||||||||||||||||||||||||||||||
NET PAYROLL | $ | 250,224 | $ | 250,224 | $ | 349,105 | $ | 786,578 | $ | 1,092,213 | ||||||||||||||||||||||
PAYROLL TAXES | $ | 98,904 | $ | 98,904 | $ | 305,502 | ||||||||||||||||||||||||||
EMPLOYEE BENEFITS | $ | 34,661 | $ | (23 | ) | $ | 34,638 | $ | 34,880 | $ | 130,111 | $ | 130,196 | |||||||||||||||||||
SALES, USE, & OTHER TAXES | $ | - | $ | - | ||||||||||||||||||||||||||||
INVENTORY PURCHASES | $ | 610,946 | $ | 610,946 | $ | 624,566 | $ | 1,434,748 | $ | 1,448,367 | ||||||||||||||||||||||
SECURED/ RENTAL/ LEASES | $ | 50,525 | $ | 50,525 | $ | 50,525 | $ | 149,946 | $ | 149,946 | ||||||||||||||||||||||
INSURANCE | $ | 8,936 | $ | 8,936 | $ | 8,936 | $ | 166,411 | $ | 166,411 | ||||||||||||||||||||||
ADMINISTRATIVE | $ | 6,144 | $ | 25 | $ | 6,169 | $ | 8,672 | $ | 25,792 | $ | 28,793 | ||||||||||||||||||||
SELLING | $ | - | $ | - | ||||||||||||||||||||||||||||
OTHER (ATTACH LIST) | $ | 237,576 | $ | 237,576 | $ | 292,124 | $ | 684,781 | $ | 782,661 | ||||||||||||||||||||||
$ | - | $ | - | |||||||||||||||||||||||||||||
OWNER DRAW * | $ | - | $ | - | ||||||||||||||||||||||||||||
TRANSFERS (TO DIP ACCTS) | $ | 345,000 | $ | 345,000 | $ | 478,999 | ||||||||||||||||||||||||||
$ | - | $ | - | |||||||||||||||||||||||||||||
PROFESSIONAL FEES | $ | 50,000 | $ | 50,000 | $ | 209,525 | $ | 125,000 | ||||||||||||||||||||||||
U.S. TRUSTEE QUARTERLY FEES | $ | - | $ | 7,150 | $ | 7,150 | ||||||||||||||||||||||||||
COURT COSTS | $ | - | $ | - | ||||||||||||||||||||||||||||
TOTAL DISBURSEMENTS | $ | 1,343,788 | $ | 349,130 | $ | - | $ | - | $ | 1,692,918 | $ | 1,368,808 | $ | 4,379,543 | $ | 3,930,737 | ||||||||||||||||
NET CASH FLOW | $ | (612,900 | ) | $ | (4,130 | ) | $ | - | $ | - | $ | (617,030 | ) | $ | (462,920 | ) | $ | (24,712 | ) | $ | (30,100 | ) | ||||||||||
(RECEIPTS LESS DISBURSEMENTS) | ||||||||||||||||||||||||||||||||
CASH - END OF MONTH | $ | 2,029 | $ | 212 | $ | - | $ | 9,499 | $ | 11,740 | $ | 158,471 | $ | 11,740 | $ | 158,471 |
* 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 | $ | 1,692,918 | ||
LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS | $ | (345,000 | ) | |
PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. from escrow accounts) | $ | |||
TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES | $ | 1,347,918 |
FORM MOR-1
(04/07)
In re Axion International, Inc. | Case No. 15-12415 (15-12416 & 15-12417) |
Debtor | Reporting Period: February 2016 |
SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS
ATTACHED LISTS TO MOR-1 |
CASH BEGINNING OF MONTH - 11/30/15 vs 12/2/15 | ||||||||||||
OPER | PAYROLL | Combined | ||||||||||
Balance at 11/30/15 per Bank Reconciliation | 133,852 | 569 | ||||||||||
12/1/2015 transactions (prepetition) | (97,969 | ) | ||||||||||
Cash December 2, 2015, per this Schedule | 35,883 | 569 | 36,452 |
Other Receipts List: | Month | Cumu | ||||||
AR Terms Discounts | $ | - | $ | (5,727 | ) |
Other Disbursements List: | ||||||||||||||||
Actual | Projection | |||||||||||||||
Description | Month | Cumu | Month | Cumu | ||||||||||||
Utility Deposits | $ | - | $ | 26,453 | $ | - | $ | 35,951 | ||||||||
Freight | 82,135 | 205,929 | 82,135 | 203,981 | ||||||||||||
Operating Expenses - Texas Facility | 68,193 | 153,300 | 71,647 | 158,703 | ||||||||||||
Operating Expenses - Ohio Facility | 32,141 | 52,158 | 39,650 | 59,667 | ||||||||||||
Emergency Repairs - Texas facility | 1,677 | 45,508 | 1,677 | 45,508 | ||||||||||||
Restart Extruder #1 - Texas Facility | - | 5,199 | 25,000 | 30,199 | ||||||||||||
Legal - commercial/corporate counsel | - | 498 | - | - | ||||||||||||
Claims Agent | 18,632 | 18,632 | 18,632 | 53,156 | ||||||||||||
Audit & Tax Professional | - | - | - | - | ||||||||||||
Interest - State of Ohio laon | - | - | - | - | ||||||||||||
Interest - DiP Loan | - | - | - | - | ||||||||||||
S/U tax remittence | - | 195 | - | |||||||||||||
Rutgers Royalty Payment | - | 75,922 | 75,922 | |||||||||||||
Real & Personal Property Taxe | 34,798 | 100,987 | 34,798 | 100,988 | ||||||||||||
Budget Variance @ 10% | - | - | 18,586 | 18,586 | ||||||||||||
TOTAL | $ | 237,576 | $ | 684,781 | $ | 292,125 | $ | 782,661 |
PAYROLLS | ||||||||||||||||||||||||||||
Description | Actual | Cash Accts | Projected | |||||||||||||||||||||||||
2/12/16 | 2/26/16 | Total | Operating | Payroll | Month | Cumu | ||||||||||||||||||||||
Payroll | $ | 125,920 | $ | 107,751 | $ | 233,670 | 233,670 | |||||||||||||||||||||
Fee | 1,721 | 1,202 | 2,923 | 2,923 | ||||||||||||||||||||||||
401(k) | 2,732 | 2,895 | 5,627 | 5,627 | ||||||||||||||||||||||||
Garnishments | 4,137 | 3,867 | 8,003 | 8,003 | ||||||||||||||||||||||||
Taxes | 54,254 | 44,650 | 98,904 | 98,904 | ||||||||||||||||||||||||
AFLAC | - | |||||||||||||||||||||||||||
Health | 27,425 | 27,425 | 27,425 | |||||||||||||||||||||||||
Dental | 1,933 | 1,933 | 1,933 | |||||||||||||||||||||||||
Life | 252 | 252 | 252 | |||||||||||||||||||||||||
HSA Reimb | (23 | ) | (23 | ) | (23 | ) | ||||||||||||||||||||||
TX workers comp | 5,051 | 5,051 | 5,051 | |||||||||||||||||||||||||
OH workers comp | - | |||||||||||||||||||||||||||
TOTAL | $ | 188,741 | $ | 195,025 | $ | 383,766 | $ | 34,661 | $ | 349,105 | ||||||||||||||||||
- | ||||||||||||||||||||||||||||
Net Payroll | $ | 134,510 | $ | 115,714 | $ | 250,224 | $ | 250,224 | $ | 349,105 | $ | 1,092,213 | ||||||||||||||||
Payroll Taxes | 54,254 | 44,650 | 98,904 | 98,904 | - | |||||||||||||||||||||||
Employee Benefits | (23 | ) | 34,661 | 34,638 | 34,661 | (23 | ) | 34,880 | 130,196 | |||||||||||||||||||
TOTAL | $ | 188,741 | $ | 195,025 | $ | 383,766 | $ | 34,661 | $ | 349,105 | $ | 383,985 | $ | 1,222,409 |
FORM MOR-1
(04/07)
In re Axion International, Inc. | Case No. 15-12415 (15-12416 & 15-12417) |
Debtor | Reporting Period: February 2016 |
Month: | February 29, 2016 | GL Account # | CZ1060 |
General Ledger Reconciliation | Per the Bank | |||||||||||||
Balance per GL- Begin of Period | $ | 614,209.27 | Ending Balance per Bank Statement | $ | 259,067.42 | |||||||||
Plus: | 888,882.04 | Plus: Outstanding Deposits | ||||||||||||
Deposits | 888,815.89 | |||||||||||||
AJE for incorrect recording of | ||||||||||||||
reimbursement for emp expenses | 66.15 | 0229PNCOA AJE | ||||||||||||
Less: | (1,350,253.72 | ) | Less: Outstanding Disbursements | (106,229.83 | ) | |||||||||
Disbursements | 1,004,905.22 | |||||||||||||
Bank Charges | 348.50 | 0229PNCOA | ||||||||||||
Transfer to Other Acct - AXI PNC PR | 345,000.00 | 0229PNCPA | ||||||||||||
Balance per GL - End of Period | $ | 152,837.59 | Reconciled Balance per the Bank | $ | 152,837.59 | |||||||||
Difference | (0.00 | ) |
Outstanding Disbursements: | ||||||
AP CK# | AP Amount | |||||
11488 | LOOP 340 OVERHEAD DOOR | 20,322.98 | ||||
11542 | U.S. PRODUCTS CO, INC. | 4,044.90 | ||||
11570 | ANTHEM BCBS OH GROUP | 27,425.09 | ||||
11571 | ANTHEM DENTAL | 1,933.22 | ||||
11572 | ANTHEM LIFE | 252.00 | ||||
11573 | CHEM-AQUA, INC. | 583.00 | ||||
11574 | CINTAS CORPORATION | 130.65 | ||||
11575 | CITY OF WACO WATER OFFICE | 1,544.13 | ||||
11576 | COASTAL COMPOUNDED RESINS | 9,036.80 | ||||
11577 | COMDOC | 206.36 | ||||
11578 | DIRECT ENERGY BUSINESS | 30,794.23 | ||||
11579 | GILBERT + TOBIN | 197.93 | ||||
11580 | KOORSEN FIRE & SECURITY | 225.19 | ||||
11581 | LIFT LEASE & FINANCE CORP | 6,608.74 | ||||
11582 | RING CENTRAL | 1,092.27 | ||||
11583 | AMERIGAS | 328.47 | ||||
EWDEBIT 022916-1 | TUBES N HOSES OF WACO | 118.73 | ||||
EWDEBIT 022916-2 | CRAWFORD ELECTRIC SUPPLY | 601.73 | ||||
EWDEBIT 022916-3 | PRO HEAT INC. | 342.55 | ||||
EWDEBIT 022916-4 | RICHARDS SUPPLY COMPANY | 440.86 | ||||
106,229.83 |
In re Axion International, Inc. | Case No. 15-12415 (15-12416 & 15-12417) |
Debtor | Reporting Period: February 2016 |
Month: | February 28, 2016 | GL Account # | CZ1070 |
General Ledger Reconciliation | GL Entry # | Per the Bank | ||||||||||||||
Balance per GL- Begin of Period | $ | 4,294.09 | Ending Balance per Bank Statement | $ | 2,331.66 | |||||||||||
Plus: | 346,994.51 | Plus: Outstanding Deposits | - | |||||||||||||
Deposits | 190,000.00 | 0229PNCPA | ||||||||||||||
155,000.00 | 0229PNCPA | |||||||||||||||
Other Deposit: | 1,971.44 | ACCT ADJ AJE | ||||||||||||||
Paychex refund of taxes | 23.07 | |||||||||||||||
Less: | (349,360.05 | ) | Less: Outstanding Disbursements | |||||||||||||
Disbursements | 349,164.04 | Disbursements (Column 1) | (403.11 | ) | ||||||||||||
Paychex Fee | 171.00 | |||||||||||||||
Service Fee | 25.00 | 0229PNCPA | ||||||||||||||
FSA Reimbursement to Bob Combs | 0.01 | |||||||||||||||
- This was a check issued by Paychex - ck # 500000005 | ||||||||||||||||
Balance per GL - End of Period | $ | 1,928.55 | Reconciled Balance per the Bank | $ | 1,928.55 | |||||||||||
Difference | (0.00 | ) | ||||||||||||||
Outstanding Deposits: | FSA balance in account | 403.11 | ||||||||||||||
Total Outstanding Checks: | 403.11 |
In re Axion International, Inc. | Case No. 15-12415 (15-12416 & 15-12417) |
Debtor | Reporting Period: February 2016 |
Month: | February 1, 2016 | GL Account # | CZ1080 |
General Ledger Reconciliation | Per the Bank | |||||||||||||
Balance per GL- Begin of Period | $ | 9,498.56 | Ending Balance per Bank Statement | $ | 9,498.56 | |||||||||
Plus: | - | Plus: Outstanding Deposits | ||||||||||||
Deposits | - | |||||||||||||
Less: | - | Less: Outstanding Disbursements | - | |||||||||||
Disbursements | - | |||||||||||||
Balance per GL - End of Period | $ | 9,498.56 | Reconciled Balance per the Bank | $ | 9,498.56 | |||||||||
Difference | - |
In re Axion International, Inc. | Case No. 15-12415 (15-12416 & 15-12417) |
Debtor | Reporting Period: February 2016 |
SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID
This schedule is to include all retained professional payments from case inception to current month
Amount | Check | Amount Paid | Year-To-Date | |||||||||||||||
Payee | Period Covered | Approved | Payor | Number | Date | Fees | Expenses | Fees | Expenses | |||||||||
Gordian Partners | (a) | $ 200,000 | AXI | WT | 2/26/16 | $ 50,000 | $ - | $ 50,000 | $ - | |||||||||
Professional fees listed on MOR-1 is based on estimated fees and was transferred to Bayard’s trust account in anticipation of payment of these fees. MOR-1b will be updated with actual payments when they are disbursed from the trust account.
(a) - Approved investment banking fee of $200,000 agreed to be paid over the period comprising the weeks ended 2/26, 3/4, 3/11 and 5/6 at $50,000 each.
FORM MOR-1b
(04/07)
AXION INTERNATIONAL INC | ||||||||||||||
General Ledger | Cash Journals | |||||||||||||
For the Period From Feb 1, 2016 to Feb 29, 2016 | ||||||||||||||
Filter Criteria includes: Report order is by ID. Report is printed with shortened descriptions and in Detail Format. | ||||||||||||||
Account ID | Account Description | Date | Reference | Jrnl | Trans Description | Debit Amt | Credit Amt | Balance | CRJ | CDJ | Trfs | PR | Recon | |
CZ1060 | Operating Account PNC (AXI) | 2/1/16 | Beginning Balance | 614,209.27 | ||||||||||
CZ1060 | Operating Account PNC (AXI) | 2/1/16 | ACH 020116 | CDJ | AFLAC | 218.76 | (218.76) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/1/16 | WT 020116 PNC | CDJ | AMINO TRANSPORT | 2,375.00 | (2,375.00) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/1/16 | EWDEBIT 020116 | CDJ | DUPUY OXYGEN & SUPPLY | 267.95 | (267.95) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/1/16 | EWDEBIT 020116-1 | CDJ | HOME DEPOT | 33.71 | (33.71) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/1/16 | EWDEBIT 020116-2 | CDJ | HYDRADYNE, LLC | 293.38 | (293.38) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/1/16 | EWDEBIT 020116-3 | CDJ | RACEWAY | 15.00 | (15.00) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/1/16 | EWDEBIT 020116-4 | CDJ | TRACTOR SUPPLY CO | 53.24 | (53.24) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/1/16 | 251089884 | CRJ | CBIZ VALUATION GROUP, LLC | 3,000.00 | 3,000.00 | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/1/16 | EWDEBIT 020116-5 | CDJ | ONLINE COMPONENTS.COM | 131.39 | (131.39) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/1/16 | DEBIT 020116 | CDJ | TAX FORM FILING SERVICES | 3.60 | (3.60) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/1/16 | DEBIT 020116-1 | CDJ | TAX FORM FILING SERVICES | 19.20 | (19.20) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/1/16 | DEBIT 020116-2 | CDJ | TAX FORM FILING SERVICES | 21.60 | (21.60) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/1/16 | EWDEBIT 020116-6 | CDJ | ONLINE COMPONENTS.COM | 246.88 | (246.88) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/2/16 | WT 020216 PNC | CDJ | AMINO TRANSPORT | 550.00 | (550.00) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/2/16 | WT 020216-1 PNC | CDJ | COLL OH RE HOLDINGS LLC. | 27,318.18 | (27,318.18) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/2/16 | WT 020216-2 PNC | CDJ | WACO AMIGOS REAL ESTATE LLC | 23,207.19 | (23,207.19) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/2/16 | EWDEBIT 020216 | CDJ | CENTURY SAW & TOOL | 26.30 | (26.30) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/2/16 | EWDEBIT 020216-1 | CDJ | CRAWFORD ELECTRIC SUPPLY | 919.52 | (919.52) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/2/16 | EWDEBIT 020216-2 | CDJ | HOME DEPOT | 92.39 | (92.39) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/2/16 | EWDEBIT 020216-3 | CDJ | DUPUY OXYGEN & SUPPLY | 267.95 | (267.95) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/2/16 | EWDEBIT 020216-4 | CDJ | HYDRADYNE, LLC | 249.03 | (249.03) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/2/16 | EWDEBIT 020216-5 | CDJ | RADWELL INTERNATIONAL INC | 263.50 | (263.50) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/3/16 | ACH 020316 PNC | CRJ | EASTERN RAIL CORPORATION | 12,487.20 | 12,487.20 | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/3/16 | DEBIT 020316 | CDJ | ZORO.COM | 190.51 | (190.51) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/3/16 | EWDEBIT 020316 | CDJ | MURPHY USA | 30.00 | (30.00) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/3/16 | EWDEBIT 020316-1 | CDJ | OFFICE DEPOT | 212.65 | (212.65) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/3/16 | EWDEBIT 020316-2 | CDJ | WALMART | 163.73 | (163.73) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/3/16 | EWDEBIT 020316-3 | CDJ | UNIVERSAL FOREST PRODUCT | 947.52 | (947.52) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/3/16 | EWDEBIT 020316-4 | CDJ | RADWELL INTERNATIONAL INC | 192.80 | (192.80) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/3/16 | EWDEBIT 020316-5 | CDJ | ZORO.COM | 686.42 | (686.42) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/4/16 | WT 020416 PNC | CRJ | ALCOA FASTENING SYSTEMS | 29,877.12 | 29,877.12 | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/4/16 | 11518 | CDJ | ADVANCED POLYMERS SUPPLY INC. | 10,235.70 | (10,235.70) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/4/16 | 11519 | CDJ | AMERIGAS | 492.41 | (492.41) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/4/16 | 11520 | CDJ | ASSOCIATION OF OHIO RECYCLERS | 300.00 | (300.00) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/4/16 | 11521 | CDJ | ATMOS ENERGY | 318.05 | (318.05) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/4/16 | 11522 | CDJ | NETWORK BILLING SYSTEM, LLC. | 97.59 | (97.59) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/4/16 | 11523 | CDJ | CINTAS CORPORATION | 1,770.07 | (1,770.07) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/4/16 | 11524 | CDJ | COASTAL COMPOUNDED RESINS | 8,147.20 | (8,147.20) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/4/16 | 11525 | CDJ | COASTAL COMPOUNDED RESINS | 4,430.40 | (4,430.40) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/4/16 | 11526 | CDJ | COMPUTERSHARE | 697.74 | (697.74) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/4/16 | 11527 | CDJ | COSHOCTON ENVIRONMENTAL TESTIN | 60.00 | (60.00) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/4/16 | 11527V | CDJ | COSHOCTON ENVIRONMENTAL TESTIN | 60.00 | 60.00 | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/4/16 | 11528 | CDJ | COSHOCTON ENVIRONMENTAL TESTIN | 60.00 | (60.00) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/4/16 | 11529 | CDJ | FORD CREDIT | 506.48 | (506.48) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/4/16 | 11530 | CDJ | KERRY D. IRONS, M.D., P.A. | 28.00 | (28.00) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/4/16 | 11531 | CDJ | MICROSOFT | 1,454.32 | (1,454.32) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/4/16 | 11532 | CDJ | MUSKINGUM COUNTY UTILITIES | 1,634.00 | (1,634.00) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/4/16 | 11533 | CDJ | PITNEY BOWES GLOBAL FINANCIAL | 31.52 | (31.52) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/4/16 | 11534 | CDJ | SUNBELT RENTALS | 1,274.67 | (1,274.67) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/4/16 | 11535 | CDJ | TERMINIX | 48.26 | (48.26) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/4/16 | 11536 | CDJ | UPS | 25.14 | (25.14) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/4/16 | 11537 | CDJ | VINTAGE FILINGS | 570.00 | (570.00) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/4/16 | 11538 | CDJ | GILBERT + TOBIN | 1,929.22 | (1,929.22) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/4/16 | WT 020416 PNC | CDJ | AMINO TRANSPORT | 2,000.00 | (2,000.00) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/4/16 | WT 020416-1 PNC | CDJ | EMERALD PACIFIC RESOURCES | 60,172.00 | (60,172.00) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/4/16 | WT 020416-2 PNC | CDJ | J.B. HUNT TRANSPORT, INC. | 15,955.00 | (15,955.00) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/4/16 | WT 020416-3 PNC | CDJ | GP HARMON RECYCLING LLC | 85,875.35 | (85,875.35) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/4/16 | WT 020416-4 PNC | CDJ | SCHNEIDER NATIONAL, INC. | 3,540.00 | (3,540.00) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/4/16 | ACH 020416-1 PNC | CRJ | RAILWORKS TRACK SYSTEMS - SOUT | 40,450.00 | 40,450.00 | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/4/16 | EWDEBIT 020416 | CDJ | HOME DEPOT | 10.68 | (10.68) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/4/16 | EWDEBIT 020416-1 | CDJ | HARBOR FREIGHT TOOLS | 21.64 | (21.64) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/4/16 | EWDEBIT 020416-2 | CDJ | GRAYBAR | 78.03 | (78.03) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/4/16 | EWDEBIT 020416-3 | CDJ | HOME DEPOT | 79.36 | (79.36) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/4/16 | EWDEBIT 020416-4 | CDJ | DUPUY OXYGEN & SUPPLY | 249.50 | (249.50) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/4/16 | EWDEBIT 020416-5 | CDJ | SIMS PLASTICS OF WACO | 196.15 | (196.15) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/4/16 | EWDEBIT 020416-6 | CDJ | ZORO.COM | 19.67 | (19.67) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/4/16 | EWDEBIT 020416-7 | CDJ | PRO HEAT INC. | 2,439.50 | (2,439.50) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/4/16 | EWDEBIT 020416-8 | CDJ | ZORO.COM | 499.00 | (499.00) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/5/16 | EWDEBIT 020516 | CDJ | GRAYBAR | 165.19 | (165.19) |
General Ledger | Cash Journals | |||||||||||||
For the Period From Feb 1, 2016 to Feb 29, 2016 | ||||||||||||||
Filter Criteria includes: Report order is by ID. Report is printed with shortened descriptions and in Detail Format. | ||||||||||||||
Account ID | Account Description | Date | Reference | Jrnl | Trans Description | Debit Amt | Credit Amt | Balance | CRJ | CDJ | Trfs | PR | Recon | |
CZ1060 | Operating Account PNC (AXI) | 2/5/16 | EWDEBIT 020516-1 | CDJ | HARBOR FREIGHT TOOLS | 73.51 | (73.51) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/5/16 | DEBIT 020516 | CDJ | WALMART | 95.68 | (95.68) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/5/16 | EWDEBIT 020516-2 | CDJ | DUPUY OXYGEN & SUPPLY | 267.95 | (267.95) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/5/16 | EWDEBIT 020516-3 | CDJ | GRAYBAR | 78.52 | (78.52) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/5/16 | DEBIT 020516-1 | CDJ | STAPLES | 54.67 | (54.67) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/5/16 | EWDEBIT 020516-4 | CDJ | GRAYBAR | 78.03 | (78.03) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/8/16 | 11539 | CDJ | LIFT TRUCK SUPPLY, INC. | 429.40 | (429.40) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/8/16 | WT 020816 PNC | CDJ | AMINO TRANSPORT | 3,600.00 | (3,600.00) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/8/16 | WT 020816-1 PNC | CDJ | EOVATIONS | 37,350.00 | (37,350.00) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/8/16 | EWDEBIT 020816 | CDJ | DUPUY OXYGEN & SUPPLY | 401.93 | (401.93) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/8/16 | EWDEBIT 020816-1 | CDJ | MARTIN TOOL & SUPPLY | 252.94 | (252.94) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/9/16 | 15366 | CRJ | AMERICAN PLASTIC LUMBER INC | 2,500.00 | 2,500.00 | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/9/16 | DEBIT 020916 | CDJ | ZANE FEED AND SUPPLY | 53.58 | (53.58) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/9/16 | DEBIT 020916-1 | CDJ | SUNRISE DO IT CENTER LLC | 12.85 | (12.85) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/9/16 | DEBIT 020916-2 | CDJ | SUNRISE DO IT CENTER LLC | 3.20 | (3.20) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/9/16 | EWDEBIT 020916 | CDJ | HARBOR FREIGHT TOOLS | 38.08 | (38.08) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/9/16 | EWDEBIT 020916-2 | CDJ | HYDRADYNE, LLC | 282.87 | (282.87) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/9/16 | DEBIT 020916-3 | CDJ | SAS BEARINGS, INC. | 20.60 | (20.60) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/9/16 | EWDEBIT 020916-3 | CDJ | RICHARDS SUPPLY COMPANY | 89.48 | (89.48) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/9/16 | EWDEBIT 020916-4 | CDJ | PI TAPE TEXAS, LLC | 160.59 | (160.59) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/10/16 | 11540 | CDJ | SAMUEL G. ROSE | 747.28 | (747.28) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/10/16 | EWDEBIT 020916-1 | CDJ | HOME DEPOT | 53.69 | (53.69) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/10/16 | 110071 | CRJ | SAMUEL G. ROSE | 747.28 | 747.28 | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/10/16 | EWDEBIT 021016 | CDJ | HOME DEPOT | 12.28 | (12.28) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/11/16 | 11541 | CDJ | SIDWELL MATERIALS, INC. | 3,352.80 | (3,352.80) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/11/16 | DEBIT 021116 | CDJ | TRACTOR SUPPLY CO | 37.46 | (37.46) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/11/16 | DEBIT 021116-1 | CDJ | LOWE'S HOME CENTERS, LLC | 19.99 | (19.99) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/11/16 | 11542 | CDJ | U.S. PRODUCTS CO, INC. | 4,044.90 | (4,044.90) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/11/16 | 11543 | CDJ | ADVANCED POLYMERS SUPPLY INC. | 11,817.55 | (11,817.55) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/11/16 | 11544 | CDJ | AMERICAN ELECTRIC POWER | 145.49 | (145.49) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/11/16 | 11545 | CDJ | CINTAS CORPORATION | 180.62 | (180.62) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/11/16 | 11546 | CDJ | COASTAL COMPOUNDED RESINS | 12,514.40 | (12,514.40) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/11/16 | 11547 | CDJ | COMDOC, INC. | 236.06 | (236.06) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/11/16 | 11548 | CDJ | DUPUY OXYGEN & SUPPLY | 25.54 | (25.54) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/11/16 | 11549 | CDJ | THE ENERGY COOPERATIVE | 403.64 | (403.64) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/11/16 | 11550 | CDJ | THE HARTFORD | 8,936.43 | (8,936.43) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/11/16 | 11551 | CDJ | KERRY D. IRONS, M.D., P.A. | 28.00 | (28.00) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/11/16 | 11552 | CDJ | UPS | 142.09 | (142.09) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/11/16 | WT 021116 PNC | CDJ | GP HARMON RECYCLING LLC | 86,411.65 | (86,411.65) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/11/16 | WT 021116-1 PNC | CDJ | EMERALD PACIFIC RESOURCES | 27,951.00 | (27,951.00) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/11/16 | WT 021116-2 PNC | CDJ | J.B. HUNT TRANSPORT, INC. | 15,955.00 | (15,955.00) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/11/16 | WT 021116-3 PNC | CDJ | SCHNEIDER NATIONAL, INC. | 3,540.00 | (3,540.00) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/11/16 | WT 021116-4 PNC | CDJ | AMINO TRANSPORT | 500.00 | (500.00) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/11/16 | EWDEBIT 021116 | CDJ | HYDRADYNE, LLC | 125.53 | (125.53) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/11/16 | EWDEBIT 021116-1 | CDJ | DUPUY OXYGEN & SUPPLY | 401.93 | (401.93) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/11/16 | EWDEBIT 021116-2 | CDJ | METALS 2 GO | 262.01 | (262.01) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/11/16 | EWDEBIT 021116-3 | CDJ | NAPA AUTO PARTS | 55.60 | (55.60) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/12/16 | ACH 021216 PNC | CRJ | RAILWORKS | 147,390.00 | 147,390.00 | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/12/16 | WT 021216 PNC | CRJ | H J SKELTON (CANADA) LTD | 65,878.90 | 65,878.90 | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/12/16 | 11549V | CDJ | THE ENERGY COOPERATIVE | 403.64 | 403.64 | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/12/16 | EWDEBIT 021216 | CDJ | MURPHY USA | 25.00 | (25.00) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/12/16 | EWDEBIT 021216-1 | CDJ | WALMART | 44.54 | (44.54) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/12/16 | EW DEBIT 021216 | CDJ | KEITH'S ACE HARDWARE-HEWITT | 7.97 | (7.97) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/12/16 | EWDEBIT 021216-2 | CDJ | ZORO.COM | 107.27 | (107.27) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/13/16 | EWDEBIT 021316 | CDJ | FLYING F TRAVEL PLAZA | 245.01 | (245.01) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/13/16 | EWDEBIT 021316-1 | CDJ | TRACTOR SUPPLY CO | 28.16 | (28.16) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/15/16 | 452694 | CRJ | NEW JERSEY TRANSIT | 215,523.00 | 215,523.00 | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/15/16 | EWDEBIT 021516 | CDJ | CENTRAL TEXAS SECURITY & FIRE | 622.44 | (622.44) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/15/16 | EWDEBIT 021516-1 | CDJ | AUTO ZONE | 21.64 | (21.64) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/15/16 | EWDEBIT 021516-2 | CDJ | ADVANCE AUTO PARTS | 6.48 | (6.48) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/15/16 | EWDEBIT 021516-3 | CDJ | HOME DEPOT | 17.02 | (17.02) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/15/16 | EWDEBIT 021516-4 | CDJ | HARBOR FREIGHT TOOLS | 48.44 | (48.44) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/15/16 | EWDEBIT 021516-5 | CDJ | DUPUY OXYGEN & SUPPLY | 214.36 | (214.36) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/15/16 | DEBIT 021516 | CDJ | AMAZON.COM | 12.33 | (12.33) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/15/16 | DEBIT 021516-1 | CDJ | AMAZON.COM | 13.95 | (13.95) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/15/16 | EWDEBIT 021516-6 | CDJ | ZORO.COM | 407.04 | (407.04) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/15/16 | EWDEBIT 021516-7 | CDJ | RADWELL INTERNATIONAL INC | 63.25 | (63.25) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/15/16 | EWDEBIT 021516-8 | CDJ | RADWELL INTERNATIONAL INC | 275.74 | (275.74) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/16/16 | WT 021616 PNC | CDJ | ATC PLASTICS LLC | 19,440.00 | (19,440.00) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/16/16 | WT 021616-1 PNC | CDJ | AMINO TRANSPORT | 5,900.00 | (5,900.00) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/16/16 | 15486 | CRJ | TG MERCER | 25,119.41 | 25,119.41 | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/16/16 | EWDEBIT 021616 | CDJ | HARBOR FREIGHT TOOLS | 108.24 | (108.24) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/16/16 | EWDEBIT 021616-2 | CDJ | LOWE'S HOME CENTERS, LLC | 34.96 | (34.96) |
General Ledger | Cash Journals | |||||||||||||
For the Period From Feb 1, 2016 to Feb 29, 2016 | ||||||||||||||
Filter Criteria includes: Report order is by ID. Report is printed with shortened descriptions and in Detail Format. | ||||||||||||||
Account ID | Account Description | Date | Reference | Jrnl | Trans Description | Debit Amt | Credit Amt | Balance | CRJ | CDJ | Trfs | PR | Recon | |
CZ1060 | Operating Account PNC (AXI) | 2/16/16 | EWDEBIT 021616-3 | CDJ | METALS 2 GO | 77.06 | (77.06) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/16/16 | EWDEBIT 021616-4 | CDJ | CENTURY SAW & TOOL | 572.86 | (572.86) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/16/16 | EWDEBIT 021616-5 | CDJ | DUPUY OXYGEN & SUPPLY | 214.36 | (214.36) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/16/16 | EWDEBIT 021616-6 | CDJ | HYDRADYNE, LLC | 45.96 | (45.96) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/16/16 | EWDEBIT 021616-7 | CDJ | WALMART | 106.28 | (106.28) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/16/16 | EWDEBIT 021616-1 | CDJ | PURVIS INDUSTRIES | 243.04 | (243.04) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/17/16 | DEBIT 021716 | CDJ | ATLAS CUTTING TOOLS | 106.52 | (106.52) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/17/16 | 682155 | CRJ | B&B DIVERSIFIED MATERIALS | 10,800.00 | 10,800.00 | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/17/16 | EWDEBIT 021716 | CDJ | HOME DEPOT | 29.87 | (29.87) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/17/16 | EWDEBIT 021716-1 | CDJ | WALMART - WACO | 68.99 | (68.99) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/17/16 | EWDEBIT 021716-2 | CDJ | ZORO.COM | 485.39 | (485.39) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/18/16 | 11553 | CDJ | AMERICAN ELECTRIC POWER | 20,727.26 | (20,727.26) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/18/16 | 11554 | CDJ | COSHOCTON ENVIRONMENTAL TESTIN | 60.00 | (60.00) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/18/16 | 11555 | CDJ | THE ENERGY COOPERATIVE | 4,344.20 | (4,344.20) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/18/16 | 11556 | CDJ | THE HARTFORD | 5,050.90 | (5,050.90) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/18/16 | 11557 | CDJ | KERRY D. IRONS, M.D., P.A. | 168.00 | (168.00) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/18/16 | 11558 | CDJ | LOOP 340 OVERHEAD DOOR | 1,676.64 | (1,676.64) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/18/16 | 11559 | CDJ | MUSKINGUM COUNTY TREASURER | 34,797.91 | (34,797.91) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/18/16 | 11560 | CDJ | PARSONS OFFICE SYSTEMS INC | 49.34 | (49.34) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/18/16 | 11561 | CDJ | SIDWELL MATERIALS, INC. | 15.96 | (15.96) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/18/16 | 11562 | CDJ | SPOONER INC. | 175.00 | (175.00) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/18/16 | 11563 | CDJ | TIME WARNER CABLE | 395.75 | (395.75) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/18/16 | 11564 | CDJ | TIME WARNER CABLE | 815.83 | (815.83) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/18/16 | 11565 | CDJ | UPS | 102.96 | (102.96) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/18/16 | 11566 | CDJ | VERIZON WIRELESS | 431.46 | (431.46) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/18/16 | DEBIT 021816 | CDJ | LOWE'S HOME CENTERS, LLC | 200.99 | (200.99) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/18/16 | 11567 | CDJ | ADVANCED POLYMERS SUPPLY INC. | 13,890.70 | (13,890.70) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/18/16 | 11568 | CDJ | COASTAL COMPOUNDED RESINS | 8,643.20 | (8,643.20) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/18/16 | WT 021816 PNC | CDJ | AMINO TRANSPORT | 18,400.00 | (18,400.00) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/18/16 | WT 021816-1 PNC | CDJ | EMERALD PACIFIC RESOURCES | 104,018.60 | (104,018.60) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/18/16 | WT 021816-2 PNC | CDJ | EPIQ BANKRUPTCY SOLUTIONS | 18,631.70 | (18,631.70) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/18/16 | WT 021816-3 PNC | CDJ | GP HARMON RECYCLING LLC | 44,371.00 | (44,371.00) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/18/16 | EWDEBIT 021816 | CDJ | L & M ELECTRONICS | 3.78 | (3.78) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/18/16 | EWDEBIT 021816-1 | CDJ | DUPUY OXYGEN & SUPPLY | 241.16 | (241.16) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/19/16 | WT 021916 PNC | CRJ | ALCOA FASTENING SYSTEMS | 85,395.40 | 85,395.40 | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/20/16 | EWDEBIT 022016 | CDJ | FLYING J TRAVEL PLAZA | 22.47 | (22.47) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/20/16 | EWDEBIT 022016-1 | CDJ | FLYING J TRAVEL PLAZA | 23.60 | (23.60) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/20/16 | EWDEBIT 022016-2 | CDJ | FLYING J TRAVEL PLAZA | 316.47 | (316.47) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/22/16 | 453438 | CRJ | NEW JERSEY TRANSIT | 92,367.00 | 92,367.00 | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/22/16 | EWDEBIT 022216 | CDJ | RADWELL INTERNATIONAL INC | 499.88 | (499.88) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/22/16 | EWDEBIT 022216-1 | CDJ | RADWELL INTERNATIONAL INC | 275.08 | (275.08) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/23/16 | 650477705 | CRJ | JEAN DAOUST CONSTRUCTION | 3,100.00 | 3,100.00 | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/23/16 | EWDEBIT 022316 | CDJ | DUPUY OXYGEN & SUPPLY | 241.16 | (241.16) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/24/16 | EWDEBIT 022416 | CDJ | HOME DEPOT | 190.39 | (190.39) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/24/16 | EWDEBIT 022416-1 | CDJ | TRACTOR SUPPLY CO | 4.42 | (4.42) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/24/16 | EWDEBIT 022416-2 | CDJ | TRACTOR SUPPLY CO | 22.23 | (22.23) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/24/16 | EWDEBIT 022416-3 | CDJ | PURVIS INDUSTRIES | 235.58 | (235.58) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/24/16 | EWDEBIT 022416-4 | CDJ | RICHARDS SUPPLY COMPANY | 79.88 | (79.88) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/25/16 | WT 022516 PNC | CDJ | AMINO TRANSPORT | 18,400.00 | (18,400.00) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/25/16 | WT 022516-1 PNC | CDJ | EMERALD PACIFIC RESOURCES | 30,100.00 | (30,100.00) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/25/16 | WT 022516-2 PNC | CDJ | GP HARMON RECYCLING LLC | 25,940.25 | (25,940.25) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/25/16 | WT 022516-3 PNC | CDJ | SCHNEIDER NATIONAL, INC. | 2,020.00 | (2,020.00) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/25/16 | EWDEBIT 022516 | CDJ | RICHARDS SUPPLY COMPANY | 10.68 | (10.68) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/25/16 | EWDEBIT 022516-1 | CDJ | HOME DEPOT | 325.70 | (325.70) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/25/16 | EWDEBIT 022516-2 | CDJ | TRACTOR SUPPLY CO | 161.56 | (161.56) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/25/16 | EWDEBIT 022516-3 | CDJ | DUPUY OXYGEN & SUPPLY | 241.16 | (241.16) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/26/16 | 11570 | CDJ | ANTHEM BCBS OH GROUP | 27,425.09 | (27,425.09) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/26/16 | 11571 | CDJ | ANTHEM DENTAL | 1,933.22 | (1,933.22) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/26/16 | 11572 | CDJ | ANTHEM LIFE | 252.00 | (252.00) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/26/16 | 11573 | CDJ | CHEM-AQUA, INC. | 583.00 | (583.00) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/26/16 | 11574 | CDJ | CINTAS CORPORATION | 130.65 | (130.65) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/26/16 | 11575 | CDJ | CITY OF WACO WATER OFFICE | 1,544.13 | (1,544.13) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/26/16 | 11576 | CDJ | COASTAL COMPOUNDED RESINS | 9,036.80 | (9,036.80) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/26/16 | 11577 | CDJ | COMDOC | 206.36 | (206.36) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/26/16 | 11578 | CDJ | DIRECT ENERGY BUSINESS | 30,794.23 | (30,794.23) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/26/16 | 11579 | CDJ | GILBERT + TOBIN | 197.93 | (197.93) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/26/16 | 11580 | CDJ | KOORSEN FIRE & SECURITY | 225.19 | (225.19) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/26/16 | 11581 | CDJ | LIFT LEASE & FINANCE CORP | 6,608.74 | (6,608.74) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/26/16 | 11582 | CDJ | RING CENTRAL | 1,092.27 | (1,092.27) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/26/16 | 11583 | CDJ | AMERIGAS | 328.47 | (328.47) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/26/16 | WT 022616 PNC | CDJ | GORDIAN GROUP, LLC | 50,000.00 | (50,000.00) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/26/16 | EWDEBIT 022616 | CDJ | UNIVERSAL FOREST PRODUCT | 729.00 | (729.00) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/27/16 | EWDEBIT 022716 | CDJ | MURPHY USA | 25.00 | (25.00) |
General Ledger | Cash Journals | |||||||||||||
For the Period From Feb 1, 2016 to Feb 29, 2016 | ||||||||||||||
Filter Criteria includes: Report order is by ID. Report is printed with shortened descriptions and in Detail Format. | ||||||||||||||
Account ID | Account Description | Date | Reference | Jrnl | Trans Description | Debit Amt | Credit Amt | Balance | CRJ | CDJ | Trfs | PR | Recon | |
CZ1060 | Operating Account PNC (AXI) | 2/27/16 | EWDEBIT 022716-1 | CDJ | HOME DEPOT | 155.66 | (155.66) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/27/16 | EWDEBIT 022716-2 | CDJ | LOWE'S HOME CENTERS, LLC | 15.73 | (15.73) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/27/16 | EWDEBIT 022716-3 | CDJ | TRACTOR SUPPLY CO | 216.31 | (216.31) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/27/16 | EWDEBIT 022716-4 | CDJ | FLYING J TRAVEL PLAZA | 265.72 | (265.72) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/28/16 | 0229PNCOA | GENJ | To record bank fees for February 2016 | 348.50 | (348.50) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/29/16 | 454514 | CRJ | NEW JERSEY TRANSIT | 153,945.00 | 153,945.00 | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/29/16 | EWDEBIT 022916 | CDJ | PURVIS INDUSTRIES | 235.58 | 235.58 | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/29/16 | DEBIT 022916 | CDJ | ZORO.COM | 119.89 | (119.89) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/29/16 | DEBIT 022916-1 | CDJ | PLATT ELECTRIC | 180.58 | (180.58) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/29/16 | 0229PNCPA | GENJ | Transfer of cash for payroll | 190,000.00 | (190,000.00) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/29/16 | 0229PNCPA | GENJ | Transfer of cash for payroll | 155,000.00 | (155,000.00) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/29/16 | EWDEBIT 022916-1 | CDJ | TUBES N HOSES OF WACO | 118.73 | (118.73) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/29/16 | EWDEBIT 022916-2 | CDJ | CRAWFORD ELECTRIC SUPPLY | 601.73 | (601.73) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/29/16 | EWDEBIT 022916-3 | CDJ | PRO HEAT INC. | 342.55 | (342.55) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/29/16 | EWDEBIT 022916-4 | CDJ | RICHARDS SUPPLY COMPANY | 440.86 | (440.86) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/29/16 | EWDEBIT 030216-3 | CDJ | ZORO.COM | 227.94 | (227.94) | |||||||
CZ1060 | Operating Account PNC (AXI) | 2/29/16 | 0229PNCOA AJE | GENJ | To post AJE for incorrect recording of reimbursement for emp exp | 66.15 | 66.15 | |||||||
CZ1060 | Operating Account PNC (AXI) | Current Period Change | 889,345.68 | 1,350,717.36 | (461,371.68) | |||||||||
2/29/16 | Ending Balance | 152,837.59 | 730,888.03 | (963,187.88) | (345,000.00) | (34,476.33) | 150,404.50 | |||||||
0.00 | ||||||||||||||
CZ1070 | Payroll Account PNC (AXI) | 2/1/16 | Beginning Balance | 4,294.09 | ||||||||||
CZ1070 | Payroll Account PNC (AXI) | 2/1/16 | ACH02012016 | CRJ | PAYCHEX | 23.07 | 23.07 | |||||||
CZ1070 | Payroll Account PNC (AXI) | 2/2/16 | 50000005 | CDJ | Bob Combs | 0.01 | (0.01) | |||||||
CZ1070 | Payroll Account PNC (AXI) | 2/15/16 | 021516 | CDJ | Paychex | 171.00 | (171.00) | |||||||
CZ1070 | Payroll Account PNC (AXI) | 2/29/16 | 0229-PAYR | GENJ | Payroll for Feb 2016 | 349,164.04 | (349,164.04) | |||||||
CZ1070 | Payroll Account PNC (AXI) | 2/29/16 | 0229PNCPA | GENJ | Transfer of cash for payroll | 155,000.00 | 155,000.00 | |||||||
CZ1070 | Payroll Account PNC (AXI) | 2/29/16 | 0229PNCPA | GENJ | Bank fee for Feb 2016 | 25.00 | (25.00) | |||||||
CZ1070 | Payroll Account PNC (AXI) | 2/29/16 | 0229PNCPA | GENJ | Transfer of cash for payroll | 190,000.00 | 190,000.00 | |||||||
CZ1070 | Payroll Account PNC (AXI) | 2/29/16 | ACCT ADJ AJE | GENJ | To adjust FSA balance to 2/26/16 reconciled balance | 1,971.44 | 1,971.44 | |||||||
CZ1070 | Payroll Account PNC (AXI) | Current Period Change | 346,994.51 | 349,360.05 | (2,365.54) | |||||||||
2/29/16 | Ending Balance | 1,928.55 | - | 1,971.44 | 345,000.00 | (349,336.98) | - | |||||||
TOTAL >> | 730,888.03 | (961,216.44) | - | (383,813.31) | 150,404.50 | |||||||||
Reconciliation of Cash Transactions Per GL v. MOR | ||||||||||||||
MOR | GL | |||||||||||||
Beginning cash balance | 621,390.82 | 618,503.36 | ||||||||||||
Cash receipts | 730,888.03 | 730,888.03 | ||||||||||||
Cash disbursements | (964,152.00) | (961,216.44) | ||||||||||||
Payroll disbursements | (383,766.00) | (383,813.31) | ||||||||||||
Ending cash balance, per MOR | 4,360.85 | |||||||||||||
Reconciling items between GL & MOR | 150,404.50 | |||||||||||||
Ending cash balance, per GL | 154,766.14 | |||||||||||||
(0.00) |
In re: Axion International, Inc. | Case No.: 15-12415 |
Debtor | Reporting Period: February 2016 |
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 | $ | 1,111,181 | $ | 2,547,424 | ||||
Less: Returns and Allowances | $ | - | $ | - | ||||
Net Revenue | $ | 1,111,181 | $ | 2,547,424 | ||||
COST OF GOODS SOLD | ||||||||
Beginning Inventory | $ | 1,395,898 | $ | 4,691,873 | ||||
Add: Purchases | $ | 708,902 | $ | 1,467,859 | ||||
Add: Cost of Labor & Production Costs | $ | 468,936 | $ | 1,400,868 | ||||
Add: Other Costs (attach schedule) | $ | 50,398 | $ | 189,579 | ||||
Less: Ending Inventory | $ | (1,368,962 | ) | $ | (4,258,342 | ) | ||
Cost of Goods Sold | $ | 1,255,173 | $ | 3,491,836 | ||||
Gross Profit | $ | (143,992 | ) | $ | (944,412 | ) | ||
OPERATING EXPENSES | ||||||||
Personnel Costs - Sales & Marketing | $ | 39,037 | $ | 121,343 | ||||
Personnel Costs - General & Administrative | $ | 86,701 | $ | 271,548 | ||||
Travel & Meals | $ | 16,281 | $ | 45,540 | ||||
Advertising, Trade Shows & Customer Relationship | $ | 3,459 | $ | 20,881 | ||||
Office Expenses | $ | 13,345 | $ | 21,610 | ||||
Board of Directors | $ | - | $ | (12,074 | ) | |||
Investor Relations & Shareholders Services | $ | (1,866 | ) | $ | 992 | |||
Insurance | $ | 21,596 | $ | 83,388 | ||||
Legal & Other Professional Fees | $ | 198 | $ | 2,625 | ||||
Other (attach schedule) | $ | - | $ | - | ||||
Total Operating Expenses Before Depreciation | $ | 178,752 | $ | 555,852 | ||||
Depreciation/Depletion/Amortization | $ | 10,187 | $ | 30,578 | ||||
Net Profit (Loss) Before Other Income & Expenses | $ | (332,931 | ) | $ | (1,530,843 | ) | ||
OTHER INCOME AND EXPENSES | ||||||||
Other Income (attach schedule) | $ | (4,000,000 | ) | $ | (4,000,000 | ) | ||
Interest Expense | $ | 75,459 | $ | 134,982 | ||||
Other Expense (attach schedule) | $ | - | $ | - | ||||
Net Profit (Loss) Before Reorganization Items | $ | 3,591,610 | $ | 2,334,175 | ||||
REORGANIZATION ITEMS | ||||||||
Professional Fees | $ | 68,632 | $ | 228,156 | ||||
U. S. Trustee Quarterly Fees | $ | - | $ | 7,150 | ||||
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) | $ | 3,522,978 | $ | 2,098,868 |
*"Insider" is defined in 11 U.S.C. Section 101(31).
FORM MOR-2
(04/07)
In re: Axion International, Inc. | Case No.: 15-12415 |
Debtor | Reporting Period: February 2016 |
STATEMENT OF OPERATIONS - continuation sheet
Cumulative | ||||||||
BREAKDOWN OF "OTHER" CATEGORY | Month | Filing to Date | ||||||
Other Costs | ||||||||
Freight costs to customers | $ | (6,845 | ) | $ | 20,784 | |||
Royalties Under License | $ | 16,398 | $ | 37,305 | ||||
Purchasing & Product Development departments | $ | 40,845 | $ | 130,228 | ||||
Product Development | $ | - | $ | 1,262 | ||||
Other Operational Expenses | ||||||||
Other Income | ||||||||
Gain on Extinguishment of Debt | $ | 4,000,000 | $ | 4,000,000 | ||||
Other Expenses | ||||||||
Other Reorganization Expenses | ||||||||
Reorganization Items - Interest Earned on Accumulated Cash from Chapter 11:
Interest earned on cash accumulated during the chapter 11 case, which would not have been earned but for the bankruptcy proceeding, should be reported as a reorganization item.
FORM MOR-2 CONT'D
(04/07)
In re Axion International, Inc. | Case No. 15-12415 |
Debtor | Reporting Period: February 2016 |
BALANCE SHEET
The Balance Sheet is to be completed on an accrual basis only. Pre-petition liabilities must be classified separately from postpetition obligations.
BOOK VALUE AT END OF | BOOK VALUE ON | |||||||
ASSETS | CURRENT REPORTING MONTH | PETITION DATE | ||||||
CURRENT ASSETS | ||||||||
Unrestricted Cash and Equivalents | $ | 164,265 | $ | 134,421 | ||||
Restricted Cash and Cash Equivalents (see continuation sheet) | $ | - | $ | - | ||||
Accounts Receivable (Net) | $ | 1,446,085 | $ | 2,034,172 | ||||
Notes Receivable | $ | - | $ | - | ||||
Inventories | $ | 1,368,962 | $ | 1,803,405 | ||||
Prepaid Expenses | $ | 225,805 | $ | 114,429 | ||||
Professional Retainers | $ | - | $ | - | ||||
Other Current Assets (attach schedule) | $ | - | $ | - | ||||
TOTAL CURRENT ASSETS | $ | 3,205,117 | $ | 4,086,426 | ||||
PROPERTY AND EQUIPMENT | ||||||||
Real Property and Improvements | $ | - | $ | - | ||||
Machinery and Equipment | $ | 11,443,208 | $ | 11,484,181 | ||||
Furniture, Fixtures and Office Equipment | $ | 259,596 | $ | 259,596 | ||||
Leasehold Improvements | $ | 58,467 | $ | 19,818 | ||||
Vehicles | $ | - | $ | - | ||||
Less Accumulated Depreciation | $ | (3,645,783 | ) | $ | (3,320,092 | ) | ||
TOTAL PROPERTY & EQUIPMENT | $ | 8,115,488 | $ | 8,443,503 | ||||
OTHER ASSETS | ||||||||
Loans to Insiders* | $ | - | $ | - | ||||
Other Assets (attach schedule) | $ | - | $ | - | ||||
TOTAL OTHER ASSETS | $ | - | $ | - | ||||
TOTAL ASSETS | $ | 11,320,605 | $ | 12,529,929 |
BOOK VALUE AT END OF | BOOK VALUE ON | |||||||
LIABILITIES AND OWNER EQUITY | CURRENT REPORTING MONTH | PETITION DATE | ||||||
LIABILITIES NOT SUBJECT TO COMPROMISE (Postpetition) | ||||||||
Accounts Payable | $ | 183,525 | $ | - | ||||
Taxes Payable (refer to FORM MOR-4) | $ | 107,229 | $ | 73,275 | ||||
Wages Payable | $ | 139,152 | $ | 202,788 | ||||
Notes Payable | $ | - | $ | - | ||||
Rent / Leases - Building/Equipment | $ | 612,368 | $ | 554,793 | ||||
Secured Debt / Adequate Protection Payments | $ | 850,000 | $ | 200,000 | ||||
Professional Fees | $ | - | $ | - | ||||
Amounts Due to Insiders* | $ | - | $ | - | ||||
Other Postpetition Liabilities (attach schedule) | $ | 673,557 | $ | 673,980 | ||||
TOTAL POSTPETITION LIABILITIES | $ | 2,565,831 | $ | 1,704,837 | ||||
LIABILITIES SUBJECT TO COMPROMISE (Pre-Petition) | ||||||||
Secured Debt | $ | 9,440,327 | $ | 9,386,118 | ||||
Priority Debt | $ | - | $ | - | ||||
Unsecured Debt | $ | 2,871,849 | $ | 7,083,172 | ||||
TOTAL PRE-PETITION LIABILITIES | $ | 12,312,176 | $ | 16,469,290 | ||||
TOTAL LIABILITIES | $ | 14,878,007 | $ | 18,174,127 | ||||
OWNER EQUITY | ||||||||
Capital Stock | $ | 54,725,760 | $ | 54,737,834 | ||||
Additional Paid-In Capital | $ | - | $ | - | ||||
Preferred Stock | $ | 4,079,980 | $ | 4,079,980 | ||||
Owner's Equity Account | $ | - | $ | - | ||||
Retained Earnings - Pre-Petition | $ | (64,462,011 | ) | $ | (64,462,011 | ) | ||
Retained Earnings - Postpetition | $ | 2,098,869 | $ | - | ||||
Adjustments to Owner Equity (attach schedule) | $ | - | $ | - | ||||
Postpetition Contributions (Distributions) (Draws) (attach schedule) | $ | - | $ | - | ||||
NET OWNER EQUITY | $ | (3,557,402 | ) | $ | (5,644,197 | ) | ||
TOTAL LIABILITIES AND OWNERS' EQUITY | $ | 11,320,605 | $ | 12,529,929 |
*"Insider" is defined in 11 U.S.C. Section 101(31).
FORM MOR-3
(04/07)
In re: Axion International, Inc. | Case No.: 15-12415 |
Debtor | Reporting Period: February 2016 |
BALANCE SHEET - continuation sheet
BOOK VALUE AT END OF | BOOK VALUE ON | |||||||
ASSETS | CURRENT REPORTING MONTH | PETITION DATE | ||||||
Other Current Assets | ||||||||
Other Assets | ||||||||
BOOK VALUE AT END OF | BOOK VALUE ON | |||||||
LIABILITIES AND OWNER EQUITY | CURRENT REPORTING MONTH | PETITION DATE | ||||||
Other Postpetition Liabilities | ||||||||
Customer deposit | $ | 167,300 | $ | 167,300 | ||||
Sales tax payable | $ | 44,944 | $ | 45,141 | ||||
Ford credit truck loan | $ | 20,486 | $ | 21,261 | ||||
Bureau of Workers Comp - Ohio | $ | 13,277 | $ | 16,577 | ||||
Royalties payable | $ | 94,346 | $ | 147,503 | ||||
Accrued interest | $ | 414,320 | $ | 276,198 | ||||
Miscellaneous month-end cutoff invoices | ||||||||
Adjustments to Owner Equity | ||||||||
Postpetition Contributions (Distributions) (Draws) | ||||||||
Restricted Cash is cash that is restricted for a specific use and not available to fund operations. Typically, restricted cash is segregated into a separate account, such as an escrow account.
FORM MOR-3 CONT'D
(04/07)
In re: Axion International, Inc. | Case No. 15-12415 |
Debtor | Reporting Period: February 2016 |
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 | Amount | Ending | ||||||||||
Tax | Withheld or | Amount | Date | Check No. | Tax | |||||||
Federal | Liability | Accrued | Paid | Paid | or EFT | Liability | ||||||
Withholding | ||||||||||||
FICA-Employee | ||||||||||||
FICA-Employer | Through our payroll processor, Paychex, we have remitted and filed our tax returns when due. | |||||||||||
Unemployment | ||||||||||||
Income | ||||||||||||
Other:_________________ | ||||||||||||
Total Federal Taxes | ||||||||||||
State and Local | ||||||||||||
Withholding | ||||||||||||
Sales | ||||||||||||
Excise | Through our payroll processor, Paychex, we have remitted and filed our tax returns when due. | |||||||||||
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 | $ | 183,525 | $ | - | $ | - | $ | - | $ | - | $ | 183,525 | ||||||||||||
Wages & Benefits Payable | $ | 139,152 | $ | - | $ | - | $ | - | $ | - | $ | 139,152 | ||||||||||||
Taxes Payable | $ | 107,229 | $ | - | $ | - | $ | - | $ | - | $ | 107,229 | ||||||||||||
Rent/Leases-Building | $ | 612,368 | $ | - | $ | - | $ | - | $ | - | $ | 612,368 | ||||||||||||
Rent/Leases-Equipment | $ | - | ||||||||||||||||||||||
Secured Debt/Adequate Protection Payments | $ | 850,000 | $ | - | $ | - | $ | - | $ | - | $ | 850,000 | ||||||||||||
Professional Fees | $ | - | ||||||||||||||||||||||
Amounts Due to Insiders* | $ | - | ||||||||||||||||||||||
Truck loan | $ | 20,096 | $ | 20,096 | ||||||||||||||||||||
Interest | $ | 456,617 | $ | 456,617 | ||||||||||||||||||||
Customer deposits | $ | 86,100 | $ | 86,100 | ||||||||||||||||||||
Royalties payable | $ | 110,744 | $ | 110,744 | ||||||||||||||||||||
Total Postpetition Debts | $ | 2,565,831 | $ | - | $ | - | $ | - | $ | - | $ | 2,565,831 |
Explain how and when the Debtor intends to pay any past-due postpetition debts.
*"Insider" is defined in 11 U.S.C. Section 101(31).
FORM MOR-4
(04/07)
In re: Axion International, Inc. | Case No. 15-12415 |
Debtor | Reporting Period: February 2016 |
AXION INTERNATIONAL INC
Aged Payables
As of Feb 29, 2016
Filter Criteria includes: 1) Includes Drop Shipments. Report order is by ID. Report is printed in Detail Format.
Vendor ID | Vendor | Date | Date Due | Invoice/CM # | 0 - 30 | 31 - 60 | 61 - 90 | Over 90 days | Amount Due | Vendor Type | ||||||||||||||||||||
ADVA01 | ADVANCED POLYMERS SUPPLY INC. | 2/26/16 | 3/7/16 | 1584 | 3,791.00 | 3,791.00 | RAW | |||||||||||||||||||||||
ADVA01 | ADVANCED POLYMERS SUPPLY INC. | 2/29/16 | 3/10/16 | 1585 | 4,015.40 | 4,015.40 | RAW | |||||||||||||||||||||||
ADVA01 | ADVANCED POLYMERS SUPPLY INC. | 7,806.40 | - | - | - | 7,806.40 | ||||||||||||||||||||||||
AFLA01 | AFLAC | 2/14/16 | 3/1/16 | 048267 | 218.76 | 218.76 | INSURANC | |||||||||||||||||||||||
AFLA01 | AFLAC | 218.76 | - | - | - | 218.76 | ||||||||||||||||||||||||
AMER02 | AMERIGAS | 1/8/16 | 3/8/16 | 3047862028 | 124.06 | 124.06 | MRO | |||||||||||||||||||||||
AMER02 | AMERIGAS | 1/13/16 | 3/13/16 | 3048031445 | 227.14 | 227.14 | MRO | |||||||||||||||||||||||
AMER02 | AMERIGAS | - | 351.20 | - | - | 351.20 | ||||||||||||||||||||||||
AMER04 | AMERICAN ELECTRIC POWER | 2/15/16 | 3/8/16 | 07916818029MAR | 2,142.66 | 2,142.66 | UTILITY | |||||||||||||||||||||||
AMER04 | AMERICAN ELECTRIC POWER | 2,142.66 | - | - | - | 2,142.66 | ||||||||||||||||||||||||
ATMO02 | ATMOS ENERGY | 2/24/16 | 3/9/16 | 022416 | (12.44 | ) | (12.44 | ) | UTILITY | |||||||||||||||||||||
ATMO02 | ATMOS ENERGY | (12.44 | ) | - | - | - | (12.44 | ) | ||||||||||||||||||||||
BWCS01 | BWC STATE INSURANCE FUND | 1/21/16 | 2/20/16 | PAYRADJCREDIT | (8,502.22 | ) | (8,502.22 | ) | INSURANC | |||||||||||||||||||||
BWCS01 | BWC STATE INSURANCE FUND | - | (8,502.22 | ) | - | - | (8,502.22 | ) | ||||||||||||||||||||||
CHEM01 | CHEM-AQUA, INC. | 2/15/16 | 2/25/16 | 2212735 | 583.00 | 583.00 | MRO | |||||||||||||||||||||||
CHEM01 | CHEM-AQUA, INC. | 583.00 | - | - | - | 583.00 | ||||||||||||||||||||||||
CINT01 | CINTAS CORPORATION | 2/10/16 | 3/10/16 | 530587098 | 339.98 | 339.98 | MRO | |||||||||||||||||||||||
CINT01 | CINTAS CORPORATION | 2/17/16 | 3/10/16 | 530588739 | 190.88 | 190.88 | MRO | |||||||||||||||||||||||
CINT01 | CINTAS CORPORATION | 2/24/16 | 3/10/16 | 530590317 | 173.69 | 173.69 | MRO | |||||||||||||||||||||||
CINT01 | CINTAS CORPORATION | 704.55 | - | - | - | 704.55 | ||||||||||||||||||||||||
CINT02 | CINTAS CORPORATION #637 | 2/3/16 | 3/10/16 | 637453090 | 180.62 | 180.62 | MRO | |||||||||||||||||||||||
CINT02 | CINTAS CORPORATION #637 | 2/10/16 | 3/10/16 | 637453466 | 180.62 | 180.62 | MRO | |||||||||||||||||||||||
CINT02 | CINTAS CORPORATION #637 | 2/17/16 | 3/10/16 | 637453834 | 180.62 | 180.62 | MRO | |||||||||||||||||||||||
CINT02 | CINTAS CORPORATION #637 | 2/24/16 | 3/10/16 | 637454206 | 315.67 | 315.67 | MRO | |||||||||||||||||||||||
CINT02 | CINTAS CORPORATION #637 | 857.53 | - | - | - | 857.53 | ||||||||||||||||||||||||
COAS01 | COASTAL COMPOUNDED RESINS | 2/26/16 | 2/26/16 | 4829 | 4,308.80 | 4,308.80 | RAW | |||||||||||||||||||||||
COAS01 | COASTAL COMPOUNDED RESINS | 2/29/16 | 2/29/16 | 4831 | 4,107.20 | 4,107.20 | RAW | |||||||||||||||||||||||
COAS01 | COASTAL COMPOUNDED RESINS | 8,416.00 | - | - | - | 8,416.00 | ||||||||||||||||||||||||
COMP01 | COMPUTERSHARE, INC | 2/9/16 | 3/10/16 | US_CSSI975570 | 551.78 | 551.78 | INVEST | |||||||||||||||||||||||
COMP01 | COMPUTERSHARE, INC | 551.78 | - | - | - | 551.78 | ||||||||||||||||||||||||
COSH01 | COSHOCTON ENVIRONMENTAL TESTING LLC | 2/17/16 | 3/18/16 | 622-38567 | 60.00 | 60.00 | MRO | |||||||||||||||||||||||
COSH01 | COSHOCTON ENVIRONMENTAL TESTING LLC | 2/29/16 | 3/30/16 | 632-38602 | 60.00 | 60.00 | MRO | |||||||||||||||||||||||
COSH01 | COSHOCTON ENVIRONMENTAL TESTING LLC | 120.00 | - | - | - | 120.00 | ||||||||||||||||||||||||
DUPU01 | DUPUY OXYGEN & SUPPLY | 2/16/16 | 3/17/16 | 377357 | 25.54 | 25.54 | MRO | |||||||||||||||||||||||
DUPU01 | DUPUY OXYGEN & SUPPLY | 25.54 | - | - | - | 25.54 | ||||||||||||||||||||||||
EMER01 | EMERALD PACIFIC RESOURCES | 2/25/16 | 2/25/16 | 416-1204 | 14,945.00 | 14,945.00 | RAW | |||||||||||||||||||||||
EMER01 | EMERALD PACIFIC RESOURCES | 2/25/16 | 2/25/16 | 416-1203 | 15,113.00 | 15,113.00 | RAW | |||||||||||||||||||||||
EMER01 | EMERALD PACIFIC RESOURCES | 2/25/16 | 2/25/16 | 416-1202 | 14,959.00 | 14,959.00 | RAW | |||||||||||||||||||||||
EMER01 | EMERALD PACIFIC RESOURCES | 2/25/16 | 2/25/16 | 416-1200 | 15,141.00 | 15,141.00 | RAW | |||||||||||||||||||||||
EMER01 | EMERALD PACIFIC RESOURCES | 2/25/16 | 2/25/16 | 416-1198 | 15,078.00 | 15,078.00 | RAW | |||||||||||||||||||||||
EMER01 | EMERALD PACIFIC RESOURCES | 2/25/16 | 2/25/16 | 416-1199 | 15,050.00 | 15,050.00 | RAW | |||||||||||||||||||||||
EMER01 | EMERALD PACIFIC RESOURCES | 90,286.00 | - | - | - | 90,286.00 | ||||||||||||||||||||||||
HERZ01 | HERZOG | 2/8/16 | 3/9/16 | 20816 | 45,649.21 | 45,649.21 | SUBCONTR | |||||||||||||||||||||||
HERZ01 | HERZOG | 45,649.21 | - | - | - | 45,649.21 | ||||||||||||||||||||||||
MICR01 | MICROSOFT CORPORATION | 2/12/16 | 3/13/16 | E01001UI0P | 1,179.75 | 1,179.75 | IT | |||||||||||||||||||||||
MICR01 | MICROSOFT CORPORATION | 2/12/16 | 3/13/16 | E01001UHW6 | 33.25 | 33.25 | IT | |||||||||||||||||||||||
MICR01 | MICROSOFT CORPORATION | 2/12/16 | 3/13/16 | E01001UI0Q | 32.18 | 32.18 | IT | |||||||||||||||||||||||
MICR01 | MICROSOFT CORPORATION | 2/12/16 | 3/13/16 | E01001UI85 | 209.14 | 209.14 | IT | |||||||||||||||||||||||
MICR01 | MICROSOFT CORPORATION | 1,454.32 | - | - | - | 1,454.32 |
Vendor ID | Vendor | Date | Date Due | Invoice/CM # | 0 - 30 | 31 - 60 | 61 - 90 | Over 90 days | Amount Due | Vendor Type | ||||||||||||||||||||
MUSK02 | MUSKINGUM COUNTY UTILITIES | 2/17/16 | 3/15/16 | 201-01270-02FEB16 | 4,396.95 | 4,396.95 | UTILITY | |||||||||||||||||||||||
MUSK02 | MUSKINGUM COUNTY UTILITIES | 4,396.95 | - | - | - | 4,396.95 | ||||||||||||||||||||||||
PINN01 | PINNACLE RECYCLING | 2/12/16 | 3/13/16 | 30203 | 11,595.50 | 11,595.50 | RAW | |||||||||||||||||||||||
PINN01 | PINNACLE RECYCLING | 11,595.50 | - | - | - | 11,595.50 | ||||||||||||||||||||||||
POLY02 | POLY RECYCLE OF MARYLAND LLC | 2/25/16 | 3/3/16 | 2332 | 14,559.60 | 14,559.60 | RAW | |||||||||||||||||||||||
POLY02 | POLY RECYCLE OF MARYLAND LLC | 14,559.60 | - | - | - | 14,559.60 | ||||||||||||||||||||||||
PURC01 | PITNEY BOWES POSTAGE BY PHONE | 2/14/16 | 3/13/16 | 021416 | 217.98 | 217.98 | LEASE | |||||||||||||||||||||||
PURC01 | PITNEY BOWES POSTAGE BY PHONE | 217.98 | - | - | - | 217.98 | ||||||||||||||||||||||||
SPOO01 | SPOONER INC. | 2/24/16 | 3/25/16 | 76-023016 | 175.00 | 175.00 | INSURANC | |||||||||||||||||||||||
SPOO01 | SPOONER INC. | 175.00 | - | - | - | 175.00 | ||||||||||||||||||||||||
SUNB03 | SUNBELT RENTALS | 2/15/16 | 2/20/16 | 44384632-029 | 1,274.67 | 1,274.67 | MRO | |||||||||||||||||||||||
SUNB03 | SUNBELT RENTALS | 1,274.67 | - | - | - | 1,274.67 | ||||||||||||||||||||||||
TERM01 | TERMINIX | 2/17/16 | 3/7/16 | 3526622140 | 48.26 | 48.26 | MRO | |||||||||||||||||||||||
TERM01 | TERMINIX | 48.26 | - | - | - | 48.26 | ||||||||||||||||||||||||
UPS01 | UPS | 2/27/16 | 3/7/16 | 11YA17096 | 22.87 | 22.87 | FREIGHT | |||||||||||||||||||||||
UPS01 | UPS | 22.87 | - | - | - | 22.87 | ||||||||||||||||||||||||
VINT01 | VINTAGE FILINGS | 2/25/16 | 2/25/16 | 1-410373 | 582.00 | 582.00 | INVEST | |||||||||||||||||||||||
VINT01 | VINTAGE FILINGS | 582.00 | - | - | - | 582.00 | ||||||||||||||||||||||||
Report Total | 191,676.14 | (8,151.02 | ) | - | - | 183,525.12 |
In re: Axion International, Inc. | Case No.: 15-12415 |
Debtor | Reporting Period: February 2016 |
ACCOUNTS RECEIVABLE RECONCILIATION AND AGING
Accounts Receivable Reconciliation | Amount | |||
Total Accounts Receivable at the beginning of the reporting period | $ | 1,272,071 | ||
+ Amounts billed during the period | $ | 1,129,000 | ||
- Amounts collected during the period | $ | (885,778 | ) | |
Total Accounts Receivable at the end of the reporting period | $ | 1,515,293 | (a) |
Accounts Receivable Aging | Amount | |||
0 - 30 days old | $ | 1,449,807 | ||
31 - 60 days old | $ | 977 | ||
61 - 90 days old | ||||
91+ days old | $ | 64,510 | ||
Total Accounts Receivable | $ | 1,515,293 | ||
Amount considered uncollectible (Bad Debt) | $ | (69,208 | ) | |
Accounts Receivable (Net) | $ | 1,446,085 |
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. | No | |||
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. | No | |||
3. | Have all postpetition tax returns been timely filed? If no, provide an explanation below. | Yes | |||
4. | Are workers compensation, general liability and other necessary insurance coverages in effect? If no, provide an explanation below. | Yes | |||
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. | No |
(a) Reconciliation of AR
Beginning balance | 1,272,071 | |||
Sales as reported on MOR 2 | 1,111,181 | |||
Superior deposit, no invoice | (81,200 | ) | ||
Freight recorded as a dr to COS, not sales | 97,105 | |||
TG Mercer transaction ?? | 1,914 | |||
Collections, per MOR-1 | (730,888 | ) | ||
Collections not reported in MOR-1, as collected 2/29, post cutoff for this report. | (154,890 | ) | ||
Ending balance | 1,515,293 |
FORM MOR-5
(04/07)