AXION INTERNATIONAL HOLDINGS, INC. - FORM 8-K - EX-99.2 - EXHIBIT 99.2 - April 19, 2016

Attached files

file filename
8-K - FORM 8-K - AXION INTERNATIONAL HOLDINGS, INC.v437288_8k.htm
EX-99.1 - EXHIBIT 99.1 - AXION INTERNATIONAL HOLDINGS, INC.v437288_ex99-1.htm
EX-99.3 - EXHIBIT 99.3 - AXION INTERNATIONAL HOLDINGS, INC.v437288_ex99-3.htm

 

EXHIBIT 99.2

 

UNITED STATES BANKRUPTCY COURT

DISTRICT OF DELAWARE

 

In re: Axion International, Inc. Case No.: 15-12415
  Reporting Period: March 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   April 18, 2016  
Signature of Debtor   Date
     
/s/ Donald W. Fallon   April 18, 2016  
Signature of Joint Debtor   Date
     
/s/ Donald W. Fallon   April 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: March 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  $2,029   $212        $9,499   $11,740   $158,470   $36,452   $188,571 
                                         
RECEIPTS                                        
CASH  SALES                      $-                
ACCOUNTS RECEIVABLE  $1,238,843                  $1,238,843   $1,243,715   $4,422,895   $4,469,352 
LOANS AND ADVANCES  $800,000                  $800,000   $1,150,000   $1,450,000   $1,825,000 
SALE  OF  ASSETS                      $-        $47,500      
OTHER  (ATTACH  LIST)                      $-        $(5,727)     
TRANSFERS  (FROM  DIP ACCTS)       $316,000             $316,000        $478,999      
MISCELLANEOUS                      $-        $8      
TOTAL RECEIPTS  $2,038,843   $316,000   $-   $-   $2,354,843   $2,393,715   $6,393,674   $6,294,352 
                                         
DISBURSEMENTS                                        
NET PAYROLL  $547   $225,492             $226,039   $332,090   $1,012,568   $1,424,303 
PAYROLL TAXES       $85,320             $85,320        $390,822      
 EMPLOYEE BENEFITS  $24,182   $12             $24,194   $40,051   $154,305   $170,247 
SALES, USE, & OTHER TAXES                      $-        $-      
INVENTORY PURCHASES  $652,882                  $652,882   $938,860   $2,087,630   $2,387,227 
SECURED/ RENTAL/ LEASES  $101,050                  $101,050   $101,050   $250,996   $250,996 
INSURANCE  $8,936                  $8,936   $8,936   $175,347   $175,347 
ADMINISTRATIVE  $21,251   $49             $21,300   $20,000   $47,142   $48,794 
SELLING                      $-        $-      
OTHER (ATTACH  LIST)  $204,791                  $204,791   $374,261   $889,572   $1,156,922 
                       $-        $-      
OWNER DRAW *                      $-        $-      
TRANSFERS (TO DIP ACCTS)  $316,000                  $316,000        $478,999      
                       $-        $-      
PROFESSIONAL FEES  $449,779                  $449,779   $499,778   $659,303   $624,778 
U.S. TRUSTEE  QUARTERLY FEES  $-                  $-   $13,000   $7,150   $20,150 
COURT COSTS                      $-        $-      
TOTAL DISBURSEMENTS  $1,779,418   $310,873   $-   $-   $2,090,291   $2,328,026   $6,153,834   $6,258,764 
                                         
NET CASH FLOW  $259,425   $5,127   $-   $-   $264,552   $65,689   $239,840   $35,588 
(RECEIPTS LESS DISBURSEMENTS)                                        
                                         
CASH - END OF MONTH  $261,454   $5,339   $-   $9,499   $276,292   $224,159   $276,292   $224,159 

 

* 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  $2,090,291 
LESS: TRANSFERS TO DEBTOR IN POSSESSION  ACCOUNTS  $(316,000)
PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES  (i.e. from escrow accounts)  $  
TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES  $1,774,291 

 

FORM MOR-1

(04/07)

 

 

 

 

 

In re Axion International, Inc. Case No. 15-12415 (15-12416 & 15-12417)
Debtor Reporting Period: March 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   56,902    262,831    47,470    251,451 
Operating Expenses - Texas Facility   107,761    261,061    133,459    292,162 
Operating Expenses - Ohio Facility   23,708    75,866    60,000    119,667 
Emergency Repairs - Texas facility   3,962    49,470    -    45,508 
Restart Extruder #1 - Texas Facility   -    5,199    31,000    61,199 
Legal - commercial/corporate counsel   -    498    -    - 
Claims Agent   12,458    31,090    16,686    69,842 
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   -    100,987    -    100,988 
Budget Variance @ 10%   -    -    85,646    104,232 
TOTAL  $204,791   $889,572   $374,261   $1,156,922 

 

PAYROLLS
Description  Actual   Cash Accts   Projected 
   3/11/16   3/25/16   Total   Operating   Payroll   Month   Cumu 
                             
Payroll  $108,846   $100,051   $208,897   $547    208,350           
Fee   1,612    1,427    3,038         3,038           
401(k)   2,946    2,859    5,805         5,805           
Garnishments   3,719    4,580    8,298         8,298           
Taxes   43,238    42,082    85,320         85,320           
AFLAC             219    219                
Health             27,808    27,808                
Dental             1,833    1,833                
Life             270    270                
HSA Reimb             12         12           
TX workers comp             5,051    5,051                
OH workers comp             (10,999)   (10,999)               
TOTAL  $160,361   $150,998   $335,552   $24,728   $310,824           
                        -           
Net Payroll  $117,123   $108,916   $226,039   $547   $225,492   $332,090   $1,424,303 
Payroll Taxes   43,238    42,082    85,320         85,320    -    - 
Employee Benefits   -    -    24,194    24,182    12    40,051    170,247 
TOTAL  $160,361   $150,998   $335,552   $24,728   $310,824   $372,141   $1,594,550 

 

FORM MOR-1

(04/07)

 

 

 

 

In re Axion International, Inc. Case No. 15-12415 (15-12416 & 15-12417)
Debtor Reporting Period: March 2016

 

Month: March 31, 2016     GL Account #     CZ1060

 

General Ledger Reconciliation      Per the Bank 
Balance per GL- Begin of Period       $152,837.59   Ending Balance per Bank Statement  $360,224.99 
                   
Plus:        1,898,311.25   Plus: Outstanding Deposits     
Deposits   1,898,311.25              
                   
                   
                   
                   
                   
Less:        (1,788,768.64)  Less: Outstanding Disbursements   (97,844.79)
Disbursements   1,472,288.64              
Bank Charges   480.00    0331PNCOA         
Transfer to Other Acct - AXI PNC PR   161,000.00    0331PNCOA        
Transfer to Other Acct - AXI PNC PR   155,000.00    0331PNCOA         
                   
                   
                   
                   
Balance per GL - End of Period       $262,380.20   Reconciled Balance per the Bank  $262,380.20 
             Difference   - 

 

Outstanding Disbursements:
AP CK#     AP Amount 
11628  ADVANCED POLYMERS SUPPLY INC.   11,632.25 
11631  COMDOC   206.36 
11634  DIRECT ENERGY BUSINESS   32,788.90 
11635  THE HARTFORD   5,050.90 
11636  KERRY D. IRONS, M.D., P.A.   84.00 
11637  LIFT LEASE & FINANCE CORP   6,608.74 
11638  PARSONS OFFICE SYSTEMS INC   64.62 
11639  RING CENTRAL   1,102.83 
11640  UPS   40.08 
EWDEBIT 033016-1  HOME DEPOT   185.56 
EWDEBIT 033016-2  CENTRAL TEXAS SECURITY & FIRE   292.28 
11643  AMERICAN ELECTRIC POWER   1,573.37 
11644  ANTHEM BCBS OH GROUP   27,808.32 
11645  ANTHEM DENTAL   1,832.99 
11646  ANTHEM LIFE   270.00 
11647  CHEM-AQUA, INC.   583.00 
11648  CINTAS CORPORATION   164.09 
11649  COASTAL COMPOUNDED RESINS   4,049.60 
11650  COMPUTERSHARE   515.69 
11651  FORD CREDIT   506.48 
11652  UPS   36.36 
11653  NORTH CAROLINA DEPARTMENT OF R   35.00 
11654  STATE OF NEW JERSEY   500.00 
11655  STATE OF NEW JERSEY   500.00 
11656  STATE OF NEW JERSEY   500.00 
EWDEBIT 033116  DUPUY OXYGEN & SUPPLY   61.01 
EWDEBIT 033116-2  UNITED REFRIGERATION INC   422.18 
EWDEBIT 033116-1  LOCHRIDGE-PRIEST, INC   430.18 
       97,844.79 

 

 

 

 

In re Axion International, Inc. Case No. 15-12415 (15-12416 & 15-12417)
Debtor Reporting Period: March 2016

 

Month: March 31, 2016     GL Account #   CZ1070

 

General Ledger Reconciliation    GL Entry #   Per the Bank 
                        
Balance per GL- Begin of Period       $1,928.55        Ending Balance per Bank Statement  $7,507.73 
                        
Plus:        316,007.82        Plus: Outstanding Deposits   - 
Deposits   316,000.00                   
                        
Other Deposit:   7.82         0331PNCPA         
                        
                        
                        
Less:        (310,875.59)       Less: Outstanding Disbursements     
Disbursements   310,577.59             Disbursements (Column 1)   (446.95)
Recurring Paychex Fee for "Obamacare" Reporting   176.00         0331PNCPA          
Bank Service Fee   12.00         0331PNCPA          
FSA payment to employee   70.00         0331PNCPA          
FSA payment to employee   40.00         0331PNCPA          
                        
Balance per GL - End of Period       $7,060.78        Reconciled Balance per the Bank  $7,060.78 
                  Difference   0.00 
                        
                        
                  FSA balance in account   446.95 
                        
                        
                        
                        
                        
                        
                  Total Outstanding Checks:   446.95 

 

 

 

 

In re Axion International, Inc. Case No. 15-12415 (15-12416 & 15-12417)
Debtor Reporting Period: March 2016

 

Month: March, 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: March 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  3/4/16  $50,000   $-   $100,000   $- 
Gordian Partners          AXI  WT  3/11/16  $50,000   $-   $150,000   $- 
                                      
Greenberg & Traurig  (b)  $37,500   AXI  WT  3/4/16  $4,167        $4,167      
Greenberg & Traurig  (b)       AXI  WT  3/11/16  $4,167        $8,334      
Greenberg & Traurig  (b)       AXI  WT  3/18/16  $4,167        $12,501      
Greenberg & Traurig  (b)       AXI  WT  3/25/16  $8,333        $20,834      
Greenberg & Traurig  (b)       AXI  WT  3/31/16  $8,333        $29,167      
                                      
Bayard  (b)  $312,500   AXI  WT  3/4/16  $23,611        $123,611      
Bayard  (b)       AXI  WT  3/11/16  $23,611        $147,222      
Bayard  (b)       AXI  WT  3/18/16  $23,611        $170,833      
Bayard  (b)       AXI  WT  3/25/16  $47,222        $218,055      
                                      
Statutory Comm  (b)  $350,000   AXI  WT  3/4/16  $36,111        $61,111      
Statutory Comm  (b)       AXI  WT  3/11/16  $36,111        $97,222      
Statutory Comm  (b)       AXI  WT  3/18/16  $36,111        $133,333      
Statutory Comm  (b)       AXI  WT  3/25/16  $72,222        $205,555      
Statutory Comm  (b)       AXI  WT  3/31/16  $22,000        $227,555      
                                      
                                      
                                      
                                      
                                      
                                      
                                      
                                      
                                      
                                      
                                      
                                      
                    $449,777                

 

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.

(b) - amounts were paid into escrow account at Bayard.

 

FORM MOR-1b

(04/07)

 

 

 

 

AXION INTERNATIONAL INC          
General Ledger    Cash Journals
For the Period From Mar 1, 2016 to Mar 31, 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  TRF  PR
CZ1060 Operating Account PNC (AXI) 3/1/16     Beginning Balance     152,837.59          
CZ1060 Operating Account PNC (AXI) 3/1/16 ACH 030116 CDJ AFLAC   218.76       (218.76)    
CZ1060 Operating Account PNC (AXI) 3/1/16 11569 CDJ     328.47       (328.47)    
CZ1060 Operating Account PNC (AXI) 3/1/16 11569V CDJ   328.47         328.47    
CZ1060 Operating Account PNC (AXI) 3/1/16 DEBIT 030116 CDJ ZANE FEED AND SUPPLY   99.50       (99.50)    
CZ1060 Operating Account PNC (AXI) 3/1/16 WT 030116 PNC CDJ COLL OH RE HOLDINGS LLC.   27,318.18       (27,318.18)    
CZ1060 Operating Account PNC (AXI) 3/1/16 WT 030116-1 PNC CDJ WACO AMIGOS REAL ESTATE LLC   23,207.19       (23,207.19)    
CZ1060 Operating Account PNC (AXI) 3/1/16 EWDEBIT 030116 CDJ DUPUY OXYGEN & SUPPLY   241.16       (241.16)    
CZ1060 Operating Account PNC (AXI) 3/1/16 EWDEBIT 030116-1 CDJ HARBOR FREIGHT TOOLS   43.28       (43.28)    
CZ1060 Operating Account PNC (AXI) 3/1/16 EWDEBIT 030116-2 CDJ INTEX RUBBER & SPECIALTY INC   538.54       (538.54)    
CZ1060 Operating Account PNC (AXI) 3/1/16 EWDEBIT 030116-3 CDJ RICHARDS SUPPLY COMPANY   84.44       (84.44)    
CZ1060 Operating Account PNC (AXI) 3/1/16 DIPLOANDEPOSIT GENJ Deposit for $400k from DIP Loan 400,000.00       400,000.00      
CZ1060 Operating Account PNC (AXI) 3/2/16 ACH 030216 PNC CDJ DELAWARE FRANCHISE TAX   350.00       (350.00)    
CZ1060 Operating Account PNC (AXI) 3/2/16 8922 CRJ CLEVELAND TRACK MATERIAL INC 976.50       976.50      
CZ1060 Operating Account PNC (AXI) 3/2/16 EWDEBIT 030216 CDJ APPLIED INDUSTRIAL TECHNOLOGIE   79.40       (79.40)    
CZ1060 Operating Account PNC (AXI) 3/2/16 EWDEBIT 030216-1 CDJ RICHARDS SUPPLY COMPANY   131.97       (131.97)    
CZ1060 Operating Account PNC (AXI) 3/2/16 EWDEBIT 030216-2 CDJ WALMART - WACO   99.07       (99.07)    
CZ1060 Operating Account PNC (AXI) 3/2/16 DEBIT 0030216 CDJ GLOBAL INDUSTRIAL   264.76       (264.76)    
CZ1060 Operating Account PNC (AXI) 3/2/16 DEBIT 030216 CDJ PLATT ELECTRIC   295.69       (295.69)    
CZ1060 Operating Account PNC (AXI) 3/2/16 DEBIT 030216-1 CDJ PLATT ELECTRIC 180.58         180.58    
CZ1060 Operating Account PNC (AXI) 3/3/16 ACH 030316 PNC CRJ PROGRESS RAIL SERVICES 28,920.00       28,920.00      
CZ1060 Operating Account PNC (AXI) 3/3/16 11584 CDJ ADVANCED POLYMERS SUPPLY INC.   7,806.40       (7,806.40)    
CZ1060 Operating Account PNC (AXI) 3/3/16 11585 CDJ AMERIGAS   351.20       (351.20)    
CZ1060 Operating Account PNC (AXI) 3/3/16 11586 CDJ AMERICAN ELECTRIC POWER   2,142.66       (2,142.66)    
CZ1060 Operating Account PNC (AXI) 3/3/16 11587 CDJ CHEM-AQUA, INC.   583.00       (583.00)    
CZ1060 Operating Account PNC (AXI) 3/3/16 11588 CDJ CINTAS CORPORATION   1,065.79       (1,065.79)    
CZ1060 Operating Account PNC (AXI) 3/3/16 11589 CDJ CINTAS CORPORATION #637   496.29       (496.29)    
CZ1060 Operating Account PNC (AXI) 3/3/16 11590 CDJ COASTAL COMPOUNDED RESINS   8,416.00       (8,416.00)    
CZ1060 Operating Account PNC (AXI) 3/3/16 11591 CDJ COMPUTERSHARE   551.78       (551.78)    
CZ1060 Operating Account PNC (AXI) 3/3/16 11592 CDJ FORD CREDIT   506.48       (506.48)    
CZ1060 Operating Account PNC (AXI) 3/3/16 11593 CDJ SUNBELT RENTALS   1,274.67       (1,274.67)    
CZ1060 Operating Account PNC (AXI) 3/3/16 11594 CDJ TERMINIX   48.26       (48.26)    
CZ1060 Operating Account PNC (AXI) 3/3/16 11595 CDJ UPS   22.87       (22.87)    
CZ1060 Operating Account PNC (AXI) 3/3/16 11596 CDJ VINTAGE FILINGS   582.00       (582.00)    
CZ1060 Operating Account PNC (AXI) 3/3/16 11597 CDJ CITY OF WACO WATER   3,042.78       (3,042.78)    
CZ1060 Operating Account PNC (AXI) 3/3/16 11588V CDJ CINTAS CORPORATION 1,065.79         1,065.79    
CZ1060 Operating Account PNC (AXI) 3/3/16 11598 CDJ CINTAS CORPORATION   704.55       (704.55)    
CZ1060 Operating Account PNC (AXI) 3/3/16 11599 CDJ CINTAS CORPORATION #637   361.24       (361.24)    
CZ1060 Operating Account PNC (AXI) 3/3/16 WT 030316 PNC CDJ EMERALD PACIFIC RESOURCES   120,491.00       (120,491.00)    
CZ1060 Operating Account PNC (AXI) 3/3/16 WT 030316-1 PNC CDJ POLY RECYCLE OF MARYLAND LLC   14,559.60       (14,559.60)    
CZ1060 Operating Account PNC (AXI) 3/3/16 WT 030316-2 PNC CDJ SCHNEIDER NATIONAL, INC.   4,745.00       (4,745.00)    
CZ1060 Operating Account PNC (AXI) 3/3/16 WT 030316-3 PNC CDJ BAYARD, P.A.   63,889.00       (63,889.00)    
CZ1060 Operating Account PNC (AXI) 3/3/16 WT 030316-4 PNC CDJ GORDIAN GROUP, LLC   50,000.00       (50,000.00)    
CZ1060 Operating Account PNC (AXI) 3/3/16 DEBIT 030316 CDJ LOWE'S HOME CENTERS, LLC   110.69       (110.69)    
CZ1060 Operating Account PNC (AXI) 3/3/16 DEBIT 030316-1 CDJ WALMART   49.26       (49.26)    
CZ1060 Operating Account PNC (AXI) 3/3/16 DEBIT 030316-2 CDJ ELECDIRECT.COM   73.37       (73.37)    
CZ1060 Operating Account PNC (AXI) 3/3/16 EWDEBIT 0300316 CDJ HARBOR FREIGHT TOOLS   235.65       (235.65)    
CZ1060 Operating Account PNC (AXI) 3/3/16 EWDEBIT 030316-1 CDJ DUPUY OXYGEN & SUPPLY   241.16       (241.16)    
CZ1060 Operating Account PNC (AXI) 3/3/16 EWDEBIT 030316 CDJ AIR COMPRESSOR SERVICES   217.49       (217.49)    
CZ1060 Operating Account PNC (AXI) 3/3/16 EWDEBIT 030316-2 CDJ ZORO.COM   248.83       (248.83)    
CZ1060 Operating Account PNC (AXI) 3/3/16 EWDEBIT 030316-3 CDJ PRO HEAT INC.   170.70       (170.70)    
CZ1060 Operating Account PNC (AXI) 3/4/16 WT 030416 PNC CRJ ALCOA FASTENING SYSTEMS 193,035.72       193,035.72      
CZ1060 Operating Account PNC (AXI) 3/4/16 WT 030416 PNC CDJ AMINO TRANSPORT   20,075.00       (20,075.00)    
CZ1060 Operating Account PNC (AXI) 3/4/16 8829783 CRJ BWC STATE INSURANCE FUND 10,999.23       10,999.23      
CZ1060 Operating Account PNC (AXI) 3/4/16 EWDEBIT 030416 CDJ RICHARDS SUPPLY COMPANY   61.90       (61.90)    
CZ1060 Operating Account PNC (AXI) 3/4/16 EWDEBIT 030416-1 CDJ HYDRADYNE, LLC   27.59       (27.59)    
CZ1060 Operating Account PNC (AXI) 3/4/16 EWDEBIT 030416-2 CDJ HOME DEPOT   62.32       (62.32)    
CZ1060 Operating Account PNC (AXI) 3/4/16 EWDEBIT 030416-3 CDJ DUPUY OXYGEN & SUPPLY   95.43       (95.43)    
CZ1060 Operating Account PNC (AXI) 3/5/16 EWDEBIT 030516 CDJ FLYING J TRAVEL PLAZA   77.22       (77.22)    
CZ1060 Operating Account PNC (AXI) 3/5/16 EWDEBIT 030516-1 CDJ ACTION SERVICES   324.75       (324.75)    
CZ1060 Operating Account PNC (AXI) 3/6/16 EWDEBIT 030616 CDJ HARBOR FREIGHT TOOLS   123.15       (123.15)    
CZ1060 Operating Account PNC (AXI) 3/6/16 EWDEBIT 030616-1 CDJ FLYING J TRAVEL PLAZA   290.73       (290.73)    
CZ1060 Operating Account PNC (AXI) 3/6/16 EWDEBIT 030616-2 CDJ HOME DEPOT   8.62       (8.62)    
CZ1060 Operating Account PNC (AXI) 3/7/16 456219 CRJ NEW JERSEY TRANSIT 153,945.00       153,945.00      
CZ1060 Operating Account PNC (AXI) 3/7/16 DEBIT 030716 CDJ FAMILY DOLLAR   8.85       (8.85)    
CZ1060 Operating Account PNC (AXI) 3/7/16 EWDEBIT 030716 CDJ MURPHY USA   30.00       (30.00)    
CZ1060 Operating Account PNC (AXI) 3/7/16 EWDEBIT 030716-1 CDJ DUPUY OXYGEN & SUPPLY   509.11       (509.11)    
CZ1060 Operating Account PNC (AXI) 3/7/16 EWDEBIT 030716-2 CDJ CRAWFORD ELECTRIC SUPPLY   171.71       (171.71)    
CZ1060 Operating Account PNC (AXI) 3/7/16 EWDEBIT 030716-3 CDJ ZORO.COM   212.49       (212.49)    
CZ1060 Operating Account PNC (AXI) 3/8/16 11600 CDJ JAMES WALKER   546.61       (546.61)    
CZ1060 Operating Account PNC (AXI) 3/8/16 11600V CDJ JAMES WALKER 546.61         546.61    
CZ1060 Operating Account PNC (AXI) 3/8/16 11601 CDJ JAMES WALKER   546.61       (546.61)    
CZ1060 Operating Account PNC (AXI) 3/8/16 DEBIT 03086 CDJ LOWE'S HOME CENTERS, LLC 110.69         110.69    
CZ1060 Operating Account PNC (AXI) 3/8/16 DEBIT 030816 CDJ LOWE'S HOME CENTERS, LLC   156.43       (156.43)    
CZ1060 Operating Account PNC (AXI) 3/8/16 EWDEBIT 030816 CDJ MARTIN TOOL & SUPPLY   213.23       (213.23)    
CZ1060 Operating Account PNC (AXI) 3/8/16 EWDEBIT 030816-1 CDJ TRACTOR SUPPLY CO   27.49       (27.49)    
CZ1060 Operating Account PNC (AXI) 3/8/16 EWDEBIT 030816-2 CDJ WALMART - WACO   155.32       (155.32)    
CZ1060 Operating Account PNC (AXI) 3/8/16 EWDEBIT 030816-3 CDJ ZORO.COM 54.34         54.34    
CZ1060 Operating Account PNC (AXI) 3/9/16 DEBIT 030916 CDJ UNITED STATED POST OFFICE   12.45       (12.45)    
CZ1060 Operating Account PNC (AXI) 3/9/16 13675 CRJ APECK CONSTRUCTION, LLC. 3,438.00       3,438.00      
CZ1060 Operating Account PNC (AXI) 3/9/16 DEBIT 030916-1 CDJ WALMART   28.51       (28.51)    
CZ1060 Operating Account PNC (AXI) 3/9/16 EWDEBIT 030916 CDJ HOME DEPOT   54.57       (54.57)    
CZ1060 Operating Account PNC (AXI) 3/9/16 DEBIT 030916-2 CDJ SUPPLIES OUTLET.COM   80.96       (80.96)    
CZ1060 Operating Account PNC (AXI) 3/10/16 11602 CDJ ADVANCED POLYMERS SUPPLY INC.   15,571.15       (15,571.15)    
CZ1060 Operating Account PNC (AXI) 3/10/16 11603 CDJ NETWORK BILLING SYSTEM, LLC.   95.12       (95.12)    
CZ1060 Operating Account PNC (AXI) 3/10/16 11604 CDJ COASTAL COMPOUNDED RESINS   13,761.60       (13,761.60)    
CZ1060 Operating Account PNC (AXI) 3/10/16 11605 CDJ COSHOCTON ENVIRONMENTAL TESTIN   60.00       (60.00)    
CZ1060 Operating Account PNC (AXI) 3/10/16 11606 CDJ DUPUY OXYGEN & SUPPLY   25.54       (25.54)    
CZ1060 Operating Account PNC (AXI) 3/10/16 11607 CDJ HERZOG   45,649.21       (45,649.21)    

 

 

 

 

Account ID Account Description Date Reference Jrnl Trans Description  Debit Amt  Credit Amt  Balance    CRJ  CDJ  TRF  PR
                           
CZ1060 Operating Account PNC (AXI) 3/10/16 11608 CDJ MICROSOFT   1,454.32       (1,454.32)    
CZ1060 Operating Account PNC (AXI) 3/10/16 11609 CDJ MIDWEST AIR POWER LLC   4,587.20       (4,587.20)    
CZ1060 Operating Account PNC (AXI) 3/10/16 11610 CDJ MUSKINGUM COUNTY UTILITIES   4,396.95       (4,396.95)    
CZ1060 Operating Account PNC (AXI) 3/10/16 11611 CDJ PITNEY BOWES POSTAGE BY PHONE   217.98       (217.98)    
CZ1060 Operating Account PNC (AXI) 3/10/16 11612 CDJ UPS   34.01       (34.01)    
CZ1060 Operating Account PNC (AXI) 3/10/16 WT 031016 PNC CDJ AMINO TRANSPORT   8,150.00       (8,150.00)    
CZ1060 Operating Account PNC (AXI) 3/10/16 WT 031016-1 PNC CDJ AVERITT EXPRESS, INC.   420.00       (420.00)    
CZ1060 Operating Account PNC (AXI) 3/10/16 WT 031016-2 PNC CDJ EMERALD PACIFIC RESOURCES   29,960.00       (29,960.00)    
CZ1060 Operating Account PNC (AXI) 3/10/16 WT 031016-3 PNC CDJ GP HARMON RECYCLING LLC   56,166.25       (56,166.25)    
CZ1060 Operating Account PNC (AXI) 3/10/16 WT 031016-4 PNC CDJ SCHNEIDER NATIONAL, INC.   1,515.00       (1,515.00)    
CZ1060 Operating Account PNC (AXI) 3/10/16 WT 031016-5 PNC CDJ BAYARD, P.A.   63,889.00       (63,889.00)    
CZ1060 Operating Account PNC (AXI) 3/10/16 WT 031016-6 CDJ GORDIAN GROUP, LLC   50,000.00       (50,000.00)    
CZ1060 Operating Account PNC (AXI) 3/10/16 EWDEBIT 031016 CDJ MARTIN TOOL & SUPPLY   1,030.75       (1,030.75)    
CZ1060 Operating Account PNC (AXI) 3/10/16 EWDEBIT 031016-1 CDJ RICHARDS SUPPLY COMPANY   59.59       (59.59)    
CZ1060 Operating Account PNC (AXI) 3/10/16 EWDEBIT 031016-2 CDJ RICHARDS SUPPLY COMPANY   46.96       (46.96)    
CZ1060 Operating Account PNC (AXI) 3/10/16 EWDEBIT 031016-3 CDJ RICHARDS SUPPLY COMPANY   48.26       (48.26)    
CZ1060 Operating Account PNC (AXI) 3/10/16 EWDEBIT 031016-4 CDJ TUBES N HOSES OF WACO   59.24       (59.24)    
CZ1060 Operating Account PNC (AXI) 3/10/16 EWDEBIT 031016-5 CDJ WACP TECHS   500.12       (500.12)    
CZ1060 Operating Account PNC (AXI) 3/10/16 EWDEBIT 031016-6 CDJ RICHARDS SUPPLY COMPANY   47.82       (47.82)    
CZ1060 Operating Account PNC (AXI) 3/11/16 455932 CRJ NEW JERSEY TRANSIT 153,945.00       153,945.00      
CZ1060 Operating Account PNC (AXI) 3/11/16 DEBIT 031116 CDJ HOME DEPOT   4.08       (4.08)    
CZ1060 Operating Account PNC (AXI) 3/11/16 DEBIT 031116-1 CDJ TRACTOR SUPPLY CO   7.99       (7.99)    
CZ1060 Operating Account PNC (AXI) 3/11/16 DEBIT 031116-2 CDJ HARBOR FREIGHT TOOLS   49.32       (49.32)    
CZ1060 Operating Account PNC (AXI) 3/11/16 DEBIT 031116-3 CDJ LOWE'S HOME CENTERS, LLC   18.90       (18.90)    
CZ1060 Operating Account PNC (AXI) 3/11/16 EWDEBIT 031116 CDJ RICHARDS SUPPLY COMPANY   127.17       (127.17)    
CZ1060 Operating Account PNC (AXI) 3/11/16 EWDEBIT 031116-1 CDJ TRACTOR SUPPLY CO   37.88       (37.88)    
CZ1060 Operating Account PNC (AXI) 3/13/16 EWDEBIT 031316 CDJ HOME DEPOT   70.77       (70.77)    
CZ1060 Operating Account PNC (AXI) 3/13/16 EWDEBIT 031316-1 CDJ TRACTOR SUPPLY CO   39.03       (39.03)    
CZ1060 Operating Account PNC (AXI) 3/14/16 11613 CDJ WORTH HYDROCHEM OF CENT TEXAS   3,962.00       (3,962.00)    
CZ1060 Operating Account PNC (AXI) 3/14/16 EWDEBIT 031416 CDJ HARBOR FREIGHT TOOLS   46.53       (46.53)    
CZ1060 Operating Account PNC (AXI) 3/14/16 EWDEBIT 031416-1 CDJ WACO TECHS   189.00       (189.00)    
CZ1060 Operating Account PNC (AXI) 3/14/16 EWDEBIT 031416-1-2 CDJ RADWELL INTERNATIONAL INC   65.88       (65.88)    
CZ1060 Operating Account PNC (AXI) 3/14/16 EWDEBIT 031416-2 CDJ ZORO.COM   128.88       (128.88)    
CZ1060 Operating Account PNC (AXI) 3/15/16 DEBIT 031516 CDJ KNOWLTON STEEL SUPPLY, INC.   392.00       (392.00)    
CZ1060 Operating Account PNC (AXI) 3/15/16 EWDEBIT 031516 CDJ CRAWFORD ELECTRIC SUPPLY   202.62       (202.62)    
CZ1060 Operating Account PNC (AXI) 3/15/16 EWDEBIT 031516-1 CDJ RICHARDS SUPPLY COMPANY   103.89       (103.89)    
CZ1060 Operating Account PNC (AXI) 3/15/16 EWDEBIT 031516-2 CDJ ZORO.COM   140.73       (140.73)    
CZ1060 Operating Account PNC (AXI) 3/16/16 WT 031616 PNC CDJ AMINO TRANSPORT   4,150.00       (4,150.00)    
CZ1060 Operating Account PNC (AXI) 3/16/16 WT 031616-1 PNC CDJ BAYARD, P.A.   63,889.00       (63,889.00)    
CZ1060 Operating Account PNC (AXI) 3/16/16 WT 031616-2 PNC CDJ GP HARMON RECYCLING LLC   44,237.70       (44,237.70)    
CZ1060 Operating Account PNC (AXI) 3/16/16 WT 031616-3 PNC CDJ POLY RECYCLE OF MARYLAND LLC   24,642.09       (24,642.09)    
CZ1060 Operating Account PNC (AXI) 3/16/16 WT 031616-4 PNC CDJ SCHNEIDER NATIONAL, INC.   3,035.00       (3,035.00)    
CZ1060 Operating Account PNC (AXI) 3/16/16 EWDEBIT 031616 CDJ DUPUY OXYGEN & SUPPLY   13.80       (13.80)    
CZ1060 Operating Account PNC (AXI) 3/16/16 EWDEBIT 031616-1 CDJ HOME DEPOT   108.21       (108.21)    
CZ1060 Operating Account PNC (AXI) 3/16/16 EWDEBIT 031616-3 CDJ METALS 2 GO   23.82       (23.82)    
CZ1060 Operating Account PNC (AXI) 3/16/16 EWDEBIT 031616-4 CDJ MURPHY USA   35.00       (35.00)    
CZ1060 Operating Account PNC (AXI) 3/16/16 EWDEBIT 031616-5 CDJ RICHARDS SUPPLY COMPANY   332.55       (332.55)    
CZ1060 Operating Account PNC (AXI) 3/16/16 EWDEBIT 031616-6 CDJ RICHARDS SUPPLY COMPANY 127.48         127.48    
CZ1060 Operating Account PNC (AXI) 3/16/16 DIPLOANDEPOSIT GENJ To record 2nd deposit during March 2016 from DIP Loan 400,000.00       400,000.00      
CZ1060 Operating Account PNC (AXI) 3/17/16 10729 CRJ EQ ILLINOIS 3,250.00       3,250.00      
CZ1060 Operating Account PNC (AXI) 3/17/16 EWDEBIT 031716 CDJ ZORO.COM   199.79       (199.79)    
CZ1060 Operating Account PNC (AXI) 3/18/16 11614 CDJ COASTAL COMPOUNDED RESINS   13,217.60       (13,217.60)    
CZ1060 Operating Account PNC (AXI) 3/18/16 11615 CDJ COMDOC, INC.   247.04       (247.04)    
CZ1060 Operating Account PNC (AXI) 3/18/16 11616 CDJ THE ENERGY COOPERATIVE   3,338.18       (3,338.18)    
CZ1060 Operating Account PNC (AXI) 3/18/16 11617 CDJ EPIQ BANKRUPTCY SOLUTIONS   12,458.40       (12,458.40)    
CZ1060 Operating Account PNC (AXI) 3/18/16 11618 CDJ GBQ PARTNERS, LLC   5,000.00       (5,000.00)    
CZ1060 Operating Account PNC (AXI) 3/18/16 11619 CDJ THE HARTFORD   8,936.43       (8,936.43)    
CZ1060 Operating Account PNC (AXI) 3/18/16 11620 CDJ SPOONER INC.   175.00       (175.00)    
CZ1060 Operating Account PNC (AXI) 3/18/16 11621 CDJ TIME WARNER CABLE   456.78       (456.78)    
CZ1060 Operating Account PNC (AXI) 3/18/16 11622 CDJ TIME WARNER CABLE   802.10       (802.10)    
CZ1060 Operating Account PNC (AXI) 3/18/16 11623 CDJ UPS   106.07       (106.07)    
CZ1060 Operating Account PNC (AXI) 3/18/16 11624 CDJ ADVANCED POLYMERS SUPPLY INC.   12,642.90       (12,642.90)    
CZ1060 Operating Account PNC (AXI) 3/18/16 ACH 031816 PNC CRJ TENNESSEE VALLEY AUTHORITY 4,840.00       4,840.00      
CZ1060 Operating Account PNC (AXI) 3/18/16 ACH 031816-1 PNC CRJ EASTERN RAIL CORPORATION 53,172.96       53,172.96      
CZ1060 Operating Account PNC (AXI) 3/18/16 EWDEBIT 031616-2 CDJ METALS 2 GO   46.84       (46.84)    
CZ1060 Operating Account PNC (AXI) 3/20/16 EWDEBIT 032016 CDJ HOME DEPOT   252.33       (252.33)    
CZ1060 Operating Account PNC (AXI) 3/22/16 11625 CDJ AERO PALLET   2,730.00       (2,730.00)    
CZ1060 Operating Account PNC (AXI) 3/22/16 DEBIT 032216-1 CDJ RUSSO POWER EQUIPMENT   15.48       (15.48)    
CZ1060 Operating Account PNC (AXI) 3/22/16 EWDEBIT 032216 CDJ DUPUY OXYGEN & SUPPLY   39.96       (39.96)    
CZ1060 Operating Account PNC (AXI) 3/22/16 EWDEBIT 032216-1 CDJ FASTENAL COMPANY   22.30       (22.30)    
CZ1060 Operating Account PNC (AXI) 3/22/16 EWDEBIT 032216-2 CDJ FASTENAL COMPANY   8.35       (8.35)    
CZ1060 Operating Account PNC (AXI) 3/22/16 EWDEBIT 032216-3 CDJ HARBOR FREIGHT TOOLS   43.29       (43.29)    
CZ1060 Operating Account PNC (AXI) 3/22/16 EWDEBIT 032216-4 CDJ WACO TECHS   37.89       (37.89)    
CZ1060 Operating Account PNC (AXI) 3/22/16 DEBIT 032216-2 CDJ GLOBAL INDUSTRIAL   162.20       (162.20)    
CZ1060 Operating Account PNC (AXI) 3/22/16 DEBIT 032216-3 CDJ MOTION INDUSTRIES   57.05       (57.05)    
CZ1060 Operating Account PNC (AXI) 3/23/16 11626 CDJ DOL-OSHA   2,082.50       (2,082.50)    
CZ1060 Operating Account PNC (AXI) 3/23/16 EWDEBIT 031616-7 CDJ ZORO.COM   79.70       (79.70)    
CZ1060 Operating Account PNC (AXI) 3/23/16 11627 CDJ SIDWELL MATERIALS, INC.   1,210.00       (1,210.00)    
CZ1060 Operating Account PNC (AXI) 3/24/16 36578 CRJ LOTUS ENGINEERING INC. 500.10       500.10      
CZ1060 Operating Account PNC (AXI) 3/24/16 458157 CRJ NEW JERSEY TRANSIT 184,545.00       184,545.00      
CZ1060 Operating Account PNC (AXI) 3/24/16 457279 CRJ NEW JERSEY TRANSIT 153,945.00       153,945.00      
CZ1060 Operating Account PNC (AXI) 3/24/16 WT 032416 PNC CDJ EMERALD PACIFIC RESOURCES   53,973.85       (53,973.85)    
CZ1060 Operating Account PNC (AXI) 3/24/16 WT 032416-1 PNC CDJ GP HARMON RECYCLING LLC   35,920.50       (35,920.50)    
CZ1060 Operating Account PNC (AXI) 3/24/16 WT 032416-2 PNC CDJ AMINO TRANSPORT   20,500.00       (20,500.00)    
CZ1060 Operating Account PNC (AXI) 3/24/16 WT 032416-3 PNC CDJ KIBBECHEM, INC.   18,253.16       (18,253.16)    
CZ1060 Operating Account PNC (AXI) 3/24/16 WT 032416-4 PNC CDJ POLY RECYCLE OF MARYLAND LLC   14,587.65       (14,587.65)    
CZ1060 Operating Account PNC (AXI) 3/24/16 WT 032416-5 PNC CDJ ATC PLASTICS LLC   7,074.00       (7,074.00)    
CZ1060 Operating Account PNC (AXI) 3/24/16 WT 032416-6 PNC CDJ BAYARD, P.A.   127,778.00       (127,778.00)    
CZ1060 Operating Account PNC (AXI) 3/24/16 EWDEBIT 032416 CDJ HOME DEPOT   378.75       (378.75)    
CZ1060 Operating Account PNC (AXI) 3/24/16 EWDEBIT 032416-1 CDJ ULTRAMATION INC   391.00       (391.00)    
CZ1060 Operating Account PNC (AXI) 3/28/16 11628 CDJ ADVANCED POLYMERS SUPPLY INC.   11,632.25       (11,632.25)    
CZ1060 Operating Account PNC (AXI) 3/28/16 11629 CDJ CITY OF WACO WATER   2,160.76       (2,160.76)    
CZ1060 Operating Account PNC (AXI) 3/28/16 11630 CDJ COASTAL COMPOUNDED RESINS   9,088.00       (9,088.00)    

 

 

 

 

Account ID Account Description Date Reference Jrnl Trans Description  Debit Amt  Credit Amt  Balance    CRJ  CDJ  TRF  PR
                           
CZ1060 Operating Account PNC (AXI) 3/28/16 11631 CDJ COMDOC   206.36       (206.36)    
CZ1060 Operating Account PNC (AXI) 3/28/16 11632 CDJ COMDOC, INC.   17.91       (17.91)    
CZ1060 Operating Account PNC (AXI) 3/28/16 11633 CDJ COSHOCTON ENVIRONMENTAL TESTIN   60.00       (60.00)    
CZ1060 Operating Account PNC (AXI) 3/28/16 11634 CDJ DIRECT ENERGY BUSINESS   32,788.90       (32,788.90)    
CZ1060 Operating Account PNC (AXI) 3/28/16 11635 CDJ THE HARTFORD   5,050.90       (5,050.90)    
CZ1060 Operating Account PNC (AXI) 3/28/16 11636 CDJ KERRY D. IRONS, M.D., P.A.   84.00       (84.00)    
CZ1060 Operating Account PNC (AXI) 3/28/16 11637 CDJ LIFT LEASE & FINANCE CORP   6,608.74       (6,608.74)    
CZ1060 Operating Account PNC (AXI) 3/28/16 11638 CDJ PARSONS OFFICE SYSTEMS INC   64.62       (64.62)    
CZ1060 Operating Account PNC (AXI) 3/28/16 11639 CDJ RING CENTRAL   1,102.83       (1,102.83)    
CZ1060 Operating Account PNC (AXI) 3/28/16 11640 CDJ UPS   40.08       (40.08)    
CZ1060 Operating Account PNC (AXI) 3/28/16 11641 CDJ VERIZON WIRELESS   566.55       (566.55)    
CZ1060 Operating Account PNC (AXI) 3/28/16 11642 CDJ VINTAGE FILINGS   582.00       (582.00)    
CZ1060 Operating Account PNC (AXI) 3/28/16 ACH 032816 PNC CRJ EASTERN RAIL CORPORATION 89,803.52       89,803.52      
CZ1060 Operating Account PNC (AXI) 3/28/16 EWDEBIT 032816 CDJ MURPHY USA   50.00       (50.00)    
CZ1060 Operating Account PNC (AXI) 3/30/16 DEBIT 033016 CDJ ZANE FEED AND SUPPLY   60.52       (60.52)    
CZ1060 Operating Account PNC (AXI) 3/30/16 EWDEBIT 033016 CDJ UNITED REFRIGERATION INC   135.46       (135.46)    
CZ1060 Operating Account PNC (AXI) 3/30/16 EWDEBIT 033016-1 CDJ HOME DEPOT   185.56       (185.56)    
CZ1060 Operating Account PNC (AXI) 3/30/16 EWDEBIT 033016-2 CDJ CENTRAL TEXAS SECURITY & FIRE   292.28       (292.28)    
CZ1060 Operating Account PNC (AXI) 3/31/16 WT 033116 PNC CRJ ALCOA FASTENING SYSTEMS 28,442.50       28,442.50      
CZ1060 Operating Account PNC (AXI) 3/31/16 CASH 033116 CRJ LOWE'S HOME CENTERS, LLC 2.76       2.76      
CZ1060 Operating Account PNC (AXI) 3/31/16 146288 CRJ ST LAWRENCE CO DEPT OF GOV SER 32,136.00       32,136.00      
CZ1060 Operating Account PNC (AXI) 3/31/16 11643 CDJ AMERICAN ELECTRIC POWER   1,573.37       (1,573.37)    
CZ1060 Operating Account PNC (AXI) 3/31/16 11644 CDJ ANTHEM BCBS OH GROUP   27,808.32       (27,808.32)    
CZ1060 Operating Account PNC (AXI) 3/31/16 11645 CDJ ANTHEM DENTAL   1,832.99       (1,832.99)    
CZ1060 Operating Account PNC (AXI) 3/31/16 11646 CDJ ANTHEM LIFE   270.00       (270.00)    
CZ1060 Operating Account PNC (AXI) 3/31/16 11647 CDJ CHEM-AQUA, INC.   583.00       (583.00)    
CZ1060 Operating Account PNC (AXI) 3/31/16 11648 CDJ CINTAS CORPORATION   164.09       (164.09)    
CZ1060 Operating Account PNC (AXI) 3/31/16 11649 CDJ COASTAL COMPOUNDED RESINS   4,049.60       (4,049.60)    
CZ1060 Operating Account PNC (AXI) 3/31/16 11650 CDJ COMPUTERSHARE   515.69       (515.69)    
CZ1060 Operating Account PNC (AXI) 3/31/16 11651 CDJ FORD CREDIT   506.48       (506.48)    
CZ1060 Operating Account PNC (AXI) 3/31/16 11652 CDJ UPS   36.36       (36.36)    
CZ1060 Operating Account PNC (AXI) 3/31/16 11653 CDJ NORTH CAROLINA DEPARTMENT OF R   35.00       (35.00)    
CZ1060 Operating Account PNC (AXI) 3/31/16 11654 CDJ STATE OF NEW JERSEY   500.00       (500.00)    
CZ1060 Operating Account PNC (AXI) 3/31/16 11655 CDJ STATE OF NEW JERSEY   500.00       (500.00)    
CZ1060 Operating Account PNC (AXI) 3/31/16 11656 CDJ STATE OF NEW JERSEY   500.00       (500.00)    
CZ1060 Operating Account PNC (AXI) 3/31/16 WT 033116 PNC CDJ EMERALD PACIFIC RESOURCES   75,397.00       (75,397.00)    
CZ1060 Operating Account PNC (AXI) 3/31/16 WT 033116-1 PNC CDJ GP HARMON RECYCLING LLC   35,687.75       (35,687.75)    
CZ1060 Operating Account PNC (AXI) 3/31/16 WT 033116-2 PNC CDJ COLL OH RE HOLDINGS LLC.   27,318.18       (27,318.18)    
CZ1060 Operating Account PNC (AXI) 3/31/16 WT 033116-3 PNC CDJ WACO AMIGOS REAL ESTATE LLC   23,207.19       (23,207.19)    
CZ1060 Operating Account PNC (AXI) 3/31/16 WT 033116-4 PNC CDJ POLY RECYCLE OF MARYLAND LLC   13,926.00       (13,926.00)    
CZ1060 Operating Account PNC (AXI) 3/31/16 WT 033116-5 PNC CDJ GILBERT + TOBIN   5,239.35       (5,239.35)    
CZ1060 Operating Account PNC (AXI) 3/31/16 WT 033116-6 PNC CDJ AMINO TRANSPORT   3,400.00       (3,400.00)    
CZ1060 Operating Account PNC (AXI) 3/31/16 WT 033116-7 PNC CDJ BAYARD, P.A.   30,333.00       (30,333.00)    
CZ1060 Operating Account PNC (AXI) 3/31/16 EWDEBIT 033116 CDJ DUPUY OXYGEN & SUPPLY   61.01       (61.01)    
CZ1060 Operating Account PNC (AXI) 3/31/16 EWDEBIT 033116-2 CDJ UNITED REFRIGERATION INC   422.18       (422.18)    
CZ1060 Operating Account PNC (AXI) 3/31/16 EWDEBIT 033116-1 CDJ LOCHRIDGE-PRIEST, INC   430.18       (430.18)    
CZ1060 Operating Account PNC (AXI) 3/31/16 0331PNCOA GENJ To record transfer of funds for payroll paid on 03/11/16   161,000.00         (161,000.00)  
CZ1060 Operating Account PNC (AXI) 3/31/16 0331PNCOA GENJ To record bank fees for the month of March 2016   480.00       (480.00)    
CZ1060 Operating Account PNC (AXI) 3/31/16 0331PNCOA GENJ To record transfer of funds for payroll paid on 03/25/16   155,000.00         (155,000.00)  
CZ1060 Operating Account PNC (AXI)       Current Period Change 1,898,311.25 1,788,768.64 109,542.61          
    3/31/16     Ending Balance     262,380.20          
                           
CZ1070 Payroll Account PNC (AXI) 3/1/16     Beginning Balance     1,928.55          
CZ1070 Payroll Account PNC (AXI) 3/31/16 0331-PAYR GENJ Payroll for March 2016   310,577.59           (310,577.59)
CZ1070 Payroll Account PNC (AXI) 3/31/16 0331PNCOA GENJ To record transfer of funds for payroll paid on 03/25/16 155,000.00           155,000.00  
CZ1070 Payroll Account PNC (AXI) 3/31/16 0331PNCOA GENJ To record transfer of funds for payroll paid on 03/11/16 161,000.00           161,000.00  
CZ1070 Payroll Account PNC (AXI) 3/31/16 0331PNCPA GENJ Bank fees for March 2016   12.00           (12.00)
CZ1070 Payroll Account PNC (AXI) 3/31/16 0331PNCPA GENJ To record recurring Paychex fee for "Obamacare" reporting   176.00           (176.00)
CZ1070 Payroll Account PNC (AXI) 3/31/16 0331PNCPA GENJ Entry to balance account 7.82              
CZ1070 Payroll Account PNC (AXI) 3/31/16 0331PNCPA GENJ FSA Reimbursement   110.00           (110.00)
CZ1070 Payroll Account PNC (AXI)       Current Period Change 316,007.82 310,875.59 5,132.23          
    3/31/16     Ending Balance     7,060.78          
                           
CZ1080 Utility Deposit Account 3/1/16     Beginning Balance     9,498.56          
    3/31/16     Ending Balance     9,498.56          
                           
                    1,895,897.29 (1,470,354.68) - (310,875.59)
                           
              Beginning cash balance 164,264.70          
              2/29 reconciling items 1,107.41          
              Misc reconciling items at Feb cutoff 313.37          
              Deposit of AR in GL in Feb '16 (153,945.00)   (153,945.00)      
              Adjusted beginning cash balance 11,740.48          
              DiP Loans 800,000.00   800,000.00      
              AR Collections 1,249,842.29   1,249,842.29      
              Operating disbursements (1,474,417.48)     (1,474,417.48)    
              Payroll disbursements (310,872.93)         (310,872.93)
              Cut off transactions -     4,062.80   (2.66)
                           
                276,292.36   1,895,897.29 (1,470,354.68) - (310,875.59)

 

 

 

 

In re: Axion International, Inc. Case No.: 15-12415
Debtor Reporting Period: March 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  $673,056   $3,220,480 
Less:  Returns and Allowances  $-   $- 
Net Revenue  $673,056   $3,220,480 
COST OF GOODS SOLD          
Beginning Inventory  $1,368,962   $6,060,835 
Add: Purchases  $607,705   $2,075,564 
Add: Cost of Labor & Production Costs  $495,827   $1,896,694 
Add: Other Costs (attach schedule)  $54,929   $244,507 
Less: Ending Inventory  $(1,685,625)  $(5,943,967)
Cost of Goods Sold  $841,797   $4,333,633 
Gross Profit  $(168,741)  $(1,113,154)
OPERATING EXPENSES          
Personnel Costs - Sales & Marketing  $42,114   $163,456 
Personnel Costs - General & Administrative  $92,870   $364,418 
Travel & Meals  $14,465   $60,005 
Advertising, Trade Shows & Customer Relationship  $12,049   $32,930 
Office Expenses  $10,838   $32,448 
Board of Directors  $-   $(12,074)
Investor Relations & Shareholders Services  $1,090   $2,082 
Insurance  $30,533   $113,921 
Legal & Other Professional Fees  $15,239   $17,864 
Other (attach schedule)  $-   $- 
Total Operating Expenses Before Depreciation  $219,198   $775,050 
Depreciation/Depletion/Amortization  $10,187   $40,766 
Net Profit (Loss) Before Other Income & Expenses  $(398,127)  $(1,928,970)
OTHER INCOME AND EXPENSES          
Other Income (attach schedule)  $-   $(4,000,000)
Interest Expense  $81,971   $216,953 
Other Expense (attach schedule)  $-   $- 
Net Profit (Loss) Before Reorganization Items  $(480,098)  $1,854,077 
REORGANIZATION ITEMS          
Professional Fees  $462,231   $690,387 
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)  $(942,328)  $1,156,540 

 

*"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: March 2016

 

STATEMENT OF OPERATIONS - continuation sheet

 

       Cumulative 
BREAKDOWN OF "OTHER" CATEGORY  Month   Filing to Date 
         
Other Costs        
Freight costs to customers  $(6,845)  $20,889 
Royalties Under License  $16,398   $48,406 
Purchasing & Product Development departments  $40,845   $173,951 
Product Development  $-   $1,262 
           
Other Operational Expenses          
           
           
           
           
           
Other Income          
Gain on Extinguishment of Debt  $-   $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: March 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  $278,940   $134,421 
Restricted Cash and Cash Equivalents (see continuation sheet)  $-   $- 
Accounts Receivable (Net)  $1,098,840   $2,034,172 
Notes Receivable  $-   $- 
Inventories  $1,685,625   $1,803,405 
Prepaid Expenses  $173,675   $114,429 
Professional Retainers  $-   $- 
Other Current Assets (attach schedule)  $-   $- 
TOTAL CURRENT ASSETS  $3,237,080   $4,086,426 
PROPERTY AND EQUIPMENT          
Real Property and Improvements  $-   $- 
Machinery and Equipment  $11,447,170   $11,484,181 
Furniture, Fixtures and Office Equipment  $259,596   $259,596 
Leasehold Improvements  $58,467   $19,818 
Vehicles  $-   $- 
Less Accumulated Depreciation  $(3,754,516)  $(3,320,092)
TOTAL PROPERTY & EQUIPMENT  $8,010,717   $8,443,503 
OTHER ASSETS          
Loans to Insiders*  $-   $- 
Other Assets (attach schedule)  $-   $- 
TOTAL OTHER ASSETS  $-   $- 
           
TOTAL ASSETS  $11,247,797   $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  $27,496   $- 
Taxes Payable (refer to FORM MOR-4)  $136,765   $73,275 
Wages Payable  $154,803   $202,788 
Notes Payable  $-   $- 
Rent / Leases - Building/Equipment  $631,558   $554,793 
Secured Debt / Adequate Protection Payments  $1,650,000   $200,000 
Professional Fees  $-   $- 
Amounts Due to Insiders*  $-   $- 
Other Postpetition Liabilities (attach schedule)  $818,194   $673,980 
TOTAL POSTPETITION LIABILITIES  $3,418,816   $1,704,837 
LIABILITIES SUBJECT TO COMPROMISE (Pre-Petition)          
Secured Debt  $9,456,862   $9,386,118 
Priority Debt  $-   $- 
Unsecured Debt  $2,871,849   $7,083,172 
TOTAL PRE-PETITION LIABILITIES  $12,328,711   $16,469,290 
           
TOTAL LIABILITIES  $15,747,527   $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  $1,156,541   $- 
Adjustments to Owner Equity (attach schedule)  $-   $- 
Postpetition Contributions (Distributions) (Draws) (attach schedule)  $-   $- 
NET OWNER EQUITY  $(4,499,730)  $(5,644,197)
           
TOTAL LIABILITIES AND OWNERS' EQUITY  $11,247,796   $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: March 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  $86,100   $167,300 
Sales tax payable  $46,859   $45,141 
Ford credit truck loan  $19,697   $21,261 
Bureau of Workers Comp - Ohio  $10,999   $16,577 
Royalties payable  $132,593   $147,503 
Accrued interest  $521,946   $276,198 
           
           
           
           
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: March 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  $27,496   $-   $-   $-   $-   $27,496 
Wages & Benefits Payable  $154,803   $-   $-   $-   $-   $154,803 
Taxes Payable  $136,765   $-   $-   $-   $-   $136,765 
Rent/Leases-Building  $631,558   $-   $-   $-   $-   $631,558 
Rent/Leases-Equipment                           $- 
Secured Debt/Adequate Protection Payments  $1,650,000   $-   $-   $-   $-   $1,650,000 
Professional Fees                           $- 
Miscellaneous  $57,858                       $57,858 
Truck loan  $19,697                       $19,697 
Interest  $521,946                       $521,946 
Customer deposits  $86,100                       $86,100 
Royalties payable  $132,593                       $132,593 
Total Postpetition Debts  $3,418,816   $-   $-   $-   $-   $3,418,816 

 

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 (15-12416 & 15-12417)
Debtor Reporting Period: March 2016

 

AXION INTERNATIONAL INC

Aged Payables

As of Mar 31, 2016

 

Filter Criteria includes: 1) Includes Drop Shipments. Report order is by ID. Report is printed in Summary Format.

 

Vendor ID  Vendor  0 - 30   31 - 60   61 - 90   Over 90 days   Amount Due   Vendor Type
ADVA01  ADVANCED POLYMERS SUPPLY INC.   7,674.65                   7,674.65    RAW
AFLA01  AFLAC   218.76                   218.76    INSURANC
AMER02  AMERIGAS   754.84                   754.84    MRO
AMER04  AMERICAN ELECTRIC POWER   (4,174.95)                  (4,174.95)   UTILITY
ATMO02  ATMOS ENERGY   134.39    (12.44)             121.95    UTILITY
BWCS01  BWC STATE INSURANCE FUND             (8,502.22)        (8,502.22)   INSURANC
CINT01  CINTAS CORPORATION   548.14                   548.14    MRO
CINT02  CINTAS CORPORATION #637   857.53                   857.53    MRO
CITY03  CITY OF ZANESVILLE   111.60                   111.60    UTILITY
COLL03  COLL OH RE HOLDINGS LLC.   (27,318.18)                  (27,318.18)   LEASE
COSH01  COSHOCTON ENVIRONMENTAL TESTING LLC   240.00                   240.00    MRO
DUPU01  DUPUY OXYGEN & SUPPLY   23.90                   23.90    MRO
EMER01  EMERALD PACIFIC RESOURCES   45,227.00                   45,227.00    RAW
FORD01  FORD CREDIT   (506.48)                  (506.48)   CAPX
GILB01  GILBERT + TOBIN   5,000.00                   5,000.00    PROF
GPHA01  GP HARMON RECYCLING LLC   18,723.60                   18,723.60    RAW
MICR01  MICROSOFT CORPORATION   1,454.32                   1,454.32    IT
PINN01  PINNACLE RECYCLING        1,296.75              1,296.75    RAW
PROH01  PRO HEAT INC.   2,747.75                   2,747.75    MRO
PURC01  PITNEY BOWES POSTAGE BY PHONE   36.58                   36.58    LEASE
SPOO01  SPOONER INC.   175.00                   175.00    INSURANC
TERM01  TERMINIX   48.26                   48.26    MRO
WACO01  WACO AMIGOS REAL ESTATE LLC   (23,207.19)                  (23,207.19)   LEASE
ZORO01  ZORO.COM   260.56                   260.56    MRO
                                
Report Total      29,030.08    1,284.31    (8,502.22)   -    21,812.17    

 

 

 

 

In re: Axion International, Inc. Case No.: 15-12415
Debtor Reporting Period: March 2016

 

ACCOUNTS RECEIVABLE RECONCILIATION AND AGING

 

Accounts Receivable Reconciliation (See below for additional detail to reconciliation)  Amount 
Total Accounts Receivable at the beginning of the reporting period  $1,515,293 
+ Amounts billed during the period  $736,708 
- Amounts collected during the period  $(1,083,953)
Total Accounts Receivable at the end of the reporting period  $1,168,048(a)

 

Accounts Receivable Aging  Amount 
0 - 30 days old  $933,949 
31 - 60 days old  $169,578 
61 - 90 days old     
91+ days old  $64,521 
Total Accounts Receivable  $1,168,048 
Amount considered uncollectible (Bad Debt)  $(69,208)
Accounts Receivable (Net)  $1,098,840 

 

DEBTOR QUESTIONNAIRE 

           
Must be completed each month   Yes   No
1. Have any assets been sold or transferred outside the normal course of business       No
  this reporting period?  If yes, provide an explanation below.        
2. Have any funds been disbursed from any account other than a debtor in possession       No
  account this reporting period?  If yes, provide an explanation below.        
3. Have all postpetition tax returns been timely filed?  If no, provide an explanation   Yes    
  below.        
4. Are workers compensation, general liability and other necessary insurance   Yes    
  coverages in effect?  If no, provide an explanation below.        
5.   Has any bank account been opened during the reporting period?  If yes, provide       No
  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.        

 

(a) Reconciliation of AR
 Beginning balance   1,515,293 
 Sales as reported on MOR 2   673,056 
 Miscellaneous cash receipt, not Sales   3 
 Freight recorded as a dr to COS, not sales   63,650 
 Collections, per MOR-1   (1,238,843)
 Collections not reported in MOR-1, as collected 2/29, post cutoff for this report.   154,890 
Ending balance   1,168,048 

 

FORM MOR-5

(04/07)

 

 

 

AXION INTERNATIONAL HOLDINGS, INC. Reports