DEBTOR:

Dakota Plains Holdings, Inc.

MONTHLY OPERATING REPORT

CHAPTER 11

CASE NUMBER:

16-43711

Form 2-A

COVER SHEET

For Period Ending 12/31/16

Accounting Method:

X

Accrual Basis

Cash Basis

THIS REPORT IS DUE 21 DAYS AFTER THE END OF THE MONTH

Debtor must attach each of the following reports/documents unless the U. S. Trustee

Mark One Box for Each

has waived the requirement in writing.  Submit the original Monthly Operating Report

Required Document:

bearing an original signature, to the U. S. Trustee.  A copy of the Report must be

filed with the Clerk of Court.  11 U.S.C. § 704(8)

Report/Document

Previously

Attached

Waived

REQUIRED REPORTS/DOCUMENTS

X

1.

Cash Receipts and Disbursements Statement (Form 2-B)

X

2.

Balance Sheet (Form 2-C)

X

3.

Profit and Loss Statement (Form 2-D)

X

4.

Supporting Schedules (Form 2-E)

X

5.

Quarterly Fee Summary (Form 2-F)

X

6.

Narrative (Form 2-G)

X

7.

Bank Statements for All Bank Accounts

X

8.

Bank Statement Reconciliations for all Bank Accounts

I declare under penalty of perjury that the following Monthly Operating Report, and any attachments thereto are true, accurate and correct to the best of my knowledge and belief.

Executed on:

1/20/17

Print Name:

Martin J Beskow

Signature:

Title:

Chief Financial Officer

 

 

DEBTOR:

Dakota Plains Holdings, Inc.

CASE NO:

16-43711

Form 2-B

CASH RECEIPTS AND DISBURSEMENTS STATEMENT

							For Period:		12/20/16	to	12/31/16
CASH FLOW SUMMARY													Current
													Month			Accumulated
1.	Beginning Cash Balance											$	378,979	(1)	$	378,979	(1)
2.	Cash Receipts
		Operations											0			0
		Sale of Assets											0			0
		DIP Financing / Advances											0			0
		Other											0			0
		Total Cash Receipts										$	0		$	0
3.	Cash Disbursements
		Operations											12,847			12,847
		DIP Financing Payments											0			0
		Professional Fees / U.S. Trustee Fees											0			0
		Account Funding Transfers											92,078			92,078
		Other											0			0
		Total Cash Disbursements										$	104,925		$	104,925
4.	Net Cash Flow (Total Cash Receipts less
		Total Cash Disbursements)											(104,925)			(104,925)
5	Ending Cash Balance (to Form 2-C)											$	274,054	(2)	$	274,054	(2)

 

 

CASH BALANCE SUMMARY

Book

Financial Institution

Balance

Petty Cash

N/A

$

0

DIP Operating Account

N/A

0

DIP State Tax Account

N/A

0

DIP Payroll Account

N/A

0

Other Operating Account

Bank of America - Operating #8118

259,147

Other Operating Account

Bank of America - Disbursement - ZBA #6449

0

Other Operating Account

Wells Fargo - Operating #5118

14,907

Other Interest-bearing Account

N/A

0

TOTAL (must agree with Ending Cash Balance above)

$

274,054

(2)

 

(1)  Accumulated beginning cash balance is the cash available at the commencement of the case.
Current month beginning cash balance should equal the previous month’s ending balance.							Page 1 of 3
(2)  All cash balances should be the same.

 

 

DEBTOR:       Dakota Plains Holdings, Inc.

CASE NO:

16-43711

Form 2-B

CASH RECEIPTS AND DISBURSEMENTS STATEMENT

				For Period:		12/20/16	to	12/31/16
CASH RECEIPTS DETAIL							Accounts: #8118, #6449, #5118
(attach additional sheets as necessary)
	Date			Payer				Description					Amount
	12/31/16			None								$	0
				Total Operations Cash Receipts								$	0
	12/31/16			None								$	0
				Total Sale of Assets								$	0
	12/31/16			None								$	0
				Total DIP Financing / Advances								$	0
	12/31/16			None								$	0
				Total Other Receipts								$	0
								Total Cash Receipts				$	0	(1)

 

(1)  Total for all accounts should agree with total cash receipts listed on Form 2-B, page 1

Page 2 of 3

 

 

DEBTOR:

Dakota Plains Holdings, Inc.

CASE NO:

16-43711

Form 2-B

CASH RECEIPTS AND DISBURSEMENTS STATEMENT

For Period:

12/20/16

to

12/31/16

 

CASH DISBURSEMENTS DETAIL

Accounts: #8118, #6449, #5118

(attach additional sheets as necessary)

Date

Check No.

Payee

Description (Purpose)

Amount

12/23/16

ACH

Mediacom

Internet/Media

$

815

12/23/16

ACH

ND Child Support Services

Child Support/Payroll

485

12/28/16

ACH

Bank of America

Bank Fees

139

12/30/16

ACH

Intuit Payroll

Payroll

11,408

Total Operations Cash Disbursements

$

12,847

12/31/16

None

$

0

Total DIP Financing Payments

$

0

12/31/16

None

$

0

Total Professional Fees / U.S. Trustee Fees

$

0

Various

Transfer

Bank of America

Account Funding Transfer to #8071

92,078

Total Account Funding Transfers

$

92,078

12/31/16

None

0

Total Other Cash Disbursements

$

0

Total Cash Disbursements

$

104,925

(1)

 

(1)  Total for all accounts should agree with total cash disbursements listed on Form 2-B, page 1

Page 3 of 3

 

 

DEBTOR:

Dakota Plains Holdings, Inc.

CASE NO:

16-43711

Form 2-C

COMPARATIVE BALANCE SHEET

For Period Ended:

12/31/16

 

														Current			Petition
ASSETS														Month			Date (1)
Current Assets:
	Cash (from Form 2-B, line 5)												$	274,054		$	378,979
	Accounts Receivable (from Form 2-E)													9,648			9,648
	Receivable from Officers, Employees, Affiliates													0			0
	Inventory													0			0
	Other Current Assets :(List)					Prepaid Insurance								459,126			460,426
						Prepaid Expense								158,484			198,361
		Total Current Assets											$	901,312		$	1,047,414
Fixed Assets:
	Land												$	521,415		$	521,415
	Building													377,089			377,089
	Equipment, Furniture and Fixtures													58,949			58,949
		Total Fixed Assets												957,453			957,453
	Less:  Accumulated Depreciation												(	193,742	)	(	193,742	)
		Net Fixed Assets											$	763,711		$	763,711
	Other Assets (List):					Finance Costs, Net								1,367,768			1,367,768
						Deposits								12,500			12,500
		TOTAL ASSETS											$	3,045,291		$	3,191,393
LIABILITIES
	Post-petition Accounts Payable (from Form 2-E)												$	5,216		$	0
	Post-petition Accrued Profesional Fees (from Form 2-E)													0			0
	Post-petition Taxes Payable (from Form 2-E)													8,981			0
	Post-petition Notes Payable													0			0
	Other Post-petition Payable(List):													0			0
														0			0
		Total Post Petition Liabilities											$	14,197		$	0
Pre Petition Liabilities:
	Secured Debt - SunTrust													63,193,377			63,193,377
	Priority Debt													0			0
	Secured Debt - Petroleum Transport Solutions LLC													11,627,608			11,627,608
	Unsecured Debt													565,575			565,328
		Total Pre Petition Liabilities											$	75,386,560		$	75,386,313
		TOTAL LIABILITIES											$	75,400,757		$	75,386,313
OWNERS’ EQUITY
	Owner’s/Stockholder’s Equity												$	54,892		$	54,892
	Retained Earnings - Prepetition													(72,359,812)			(72,249,812)
	Retained Earnings - Post-petition													(50,546)			0
		TOTAL OWNERS’ EQUITY											$	(72,355,466)		$	(72,194,920)
		TOTAL LIABILITIES AND OWNERS’ EQUITY											$	3,045,291		$	3,191,393

 

(1)  Petition date values are taken from the Debtor’s balance sheet as of the petition date or are the values

Page 1 of 1

listed on the Debtor’s schedules.

 

 

DEBTOR:

Dakota Plains Holdings, Inc.

CASE NO:

16-43711

Form 2-D

PROFIT AND LOSS STATEMENT

For Period:

12/20/16

to

12/31/16

 

											Current						Accumulated
											Month						Total (1)
Gross Operating Revenue										$	0					$	0
Less:  Discounts, Returns and Allowances										(	0	)				(	0	)
		Net Operating Revenue								$	0					$	0
Cost of Goods Sold											0						0
		Gross Profit								$	0					$	0
Operating Expenses
	Officer Compensation									$	18,511					$	18,511
	Selling, General and Administrative										27,418						27,418
	Rents and Leases										4,617						4,617
	Depreciation, Depletion and Amortization										0						0
	Other (list):										0						0
											0						0
	Total Operating Expenses									$	50,546					$	50,546
		Operating Income (Loss)								$	(50,546)					$	(50,546)
Non-Operating Income and Expenses
	Other Non-Operating Expenses									$	0					$	0
	Gains (Losses) on Sale of Assets										0						0
	Interest Income										0						0
	Interest Expense										0						0
	Other Non-Operating Income										0						0
	Net Non-Operating Income or (Expenses)									$	0					$	0
Reorganization Expenses
	Legal and Professional Fees									$	0					$	0
	Other Reorganization Expense										0						0
	Total Reorganization Expenses									$	0					$	0
		Net Income (Loss) Before Income Taxes								$	(50,546)					$	(50,546)
Federal and State Income Tax Expense (Benefit)											0						0
		NET INCOME (LOSS)								$	(50,546)					$	(50,546)
(1)  Accumulated Totals include all revenue and expenses since the petition date.
																	Page 1 of 1

 

 

DEBTOR:

Dakota Plains Holdings, Inc.

CASE NO:

16-43711

Form 2-E

SUPPORTING SCHEDULES

For Period:

12/20/16

to

12/31/16

 

	POST PETITION TAXES PAYABLE SCHEDULE
					Beginning		Amount		Amount		Date		Check		Ending
					Balance (1)		Accrued		Paid		Paid		Number		Balance
Income Tax Withheld:
	Federal			$	0	$	3,373	$	0					$	3,373
	State				0		4,980		0						4,980
FICA Tax Withheld					0		0		0						0
Employer’s FICA Tax					0		0		0						0
Unemployment Tax
	Federal				0		84		0						84
	State				0		544		0						544
Sales, Use &
	Excise Taxes				0		0		0						0
Property Taxes					0		0		0						0
Accrued Income Tax:
	Federal				0		0		0						0
	State				0		0		0						0
	Other:				0		0		0						0
TOTALS				$	0	$	8,981	$	0					$	8,981
(1)  For first report, Beginning Balance will be $0; thereafter, Beginning Balance will be Ending Balance from prior report.
	INSURANCE SCHEDULE
															Premium
					Carrier						Amount of		Expiration		Paid
											Coverage		Date		Through
Workers’ Compensation							Various			$	12,500,000		3/23/17		1/31/17
General Liability							Various			$	50,000,000		7/30/17		1/31/17
Property (Fire, Theft)							Various			$	46,413,035		12/10/17		1/31/17
Vehicle							Security National			$	1,000,000		12/10/17		1/31/17
Pollution							Berkley-Nautilus			$	10,000,000		5/11/17		1/31/17
D&O							Various			$	20,000,000		9/19/19		9/19/19
															Page 1 of 2

 

 

DEBTOR:

Dakota Plains Holdings, Inc.

CASE NO:

16-43711

Form 2-E

SUPPORTING SCHEDULES

For Period:

12/20/16

to

12/31/16

 

ACCOUNTS RECEIVABLE AND POST PETITION PAYABLE AGING
											Accounts				Post Petition
Due											Receivable				Accounts Payable
Under 30 days										$	0			$	5,216
30 to 60 days											0				0
61 to 90 days											0				0
91 to 120 days											0				0
Over 120 days											0				0
Total Post Petition											0
Pre Petition Amounts											9,648
Total Accounts Receivable										$	9,648
Less:  Bad Debt Reserve											0
Net Accounts Receivable (to Form 2-C)										$	9,648
											Total Post Petition
											Accounts Payable			$	5,216
* Attach a detail listing of accounts receivable and post-petition accounts payable
SCHEDULE OF PAYMENTS TO ATTORNEYS AND OTHER PROFESSIONALS
					Month-end		Current		Paid in
					Retainer		Month’s		Current		Date of				Month-end
					Balance		Accrual		Month		Court Approval				Balance Due *
Debtor’s Counsel				$	112,928	$	0	$	0					$	0
Senior Secured Lender
Counsel					0		0		0						0
Counsel for Unsecured
Creditors’ Committee					0		0		0						0
Trustee’s Counsel					0		0		0						0
Accountant					0		0		0						0
Other:					0		0		0						0
Total				$	112,928	$	0	$	0					$	0
*Balance due to include fees and expenses incurred but not yet paid.
SCHEDULE OF PAYMENTS AND TRANSFERS TO PRINCIPALS/EXECUTIVES**
Payee Name					Position				Nature of Payment					Amount
														$
**List payments and transfers of any kind and in any form made to or for the benefit of any proprietor, owner,

partner, shareholder, officer or director.

Page 2 of 2

 

 

DAKP AP Aging (Post-Petition)
Vendor	Under 30 Days	30 to 60 Days	61 to 90 Days	91 to 120 Days	Over 120 Days	Total
AIS	1,093.91					1,093.91
Corporation Services Company	427.20					427.20
Health Partners	1,945.62					1,945.62
Interwest Transfer Co., Inc.	325.00					325.00
Northwestern Mutual	1,423.99					1,423.99
Total	5,215.72	0.00	0.00	0.00	0.00	5,215.72

 

 

DEBTOR:			Dakota Plains Holdings, Inc.						CASE NO:		16-43711
Form 2-F
QUARTERLY FEE SUMMARY *
					For the Month Ended:		12/31/16

 

					Cash		Quarterly				Date
Month		Year			Disbursements **		Fee Due		Check No.		Paid
January		2016		$	0
February		2016			0
March		2016			0
	TOTAL 1st Quarter			$	0	$
April		2016		$	0
May		2016			0
June		2016			0
	TOTAL 2nd Quarter			$	0	$
July		2016		$	0
August		2016			0
September		2016			0
	TOTAL 3rd Quarter			$	0	$
October		2016		$	0
November		2016			0
December		2016			12,847	(1)
	TOTAL 4th Quarter			$	12,847	$	325		1758		1/20/17
(1) Excludes “Account Funding Transfers” from line 3, Form 2-B since these are included in Disbursements of subsidiary.
FEE SCHEDULE
Quarterly Disbursements				Fee			Quarterly Disbursements				Fee
$0 to $14,999				$325			$1,000,000 to $1,999,999				$6,500
$15,000 to $74,999				$650			$2,000,000 to $2,999,999				$9,750
$75,000 to $149,999				$975			$3,000,000 to $4,999,999				$10,400
$150,000 to $224,999				$1,625			$5,000,000 to $14,999,999				$13,000
$225,000 to $299,999				$1,950			$15,000,000 to $29,999,999				$20,000
$300,000 to $999,999				$4,875			$30,000,000 or more				$30,000
*	This summary is to reflect the current calendar year’s information cumulative to the end of the reporting period
**	Should agree with line 3, Form 2-B.  Disbursements are net of transfers to other debtor in possession bank accounts
Failure to pay the quarterly fee is cause for conversion or dismissal of the chapter 11 case. [11 U.S.C. Sec. 1112(b)(10)]
											Page 1 of 1

 

 

DEBTOR:	Dakota Plains Holdings, Inc.						CASE NO:	16-43711
Form 2-G NARRATIVE
			For Period Ending			12/31/16

 

Please provide a brief description of any significant business and legal actions taken by the debtor, its creditors, or the court during the reporting period, any unusual or non-recurring accounting transactions that are reported in the financial statements, and any significant changes in the financial condition of the debtor which have occurred subsequent to the report date.
There are no significant business or legal actions taken by the debtor, its creditors, or the court during the reporting period. There are no unusual or non-recurring accounting transactions that are reported in the financial statements. There are no significant changes in the financial condition of the debtor which have ocurred subsequent to the report date.
									Page 1 of 1

 

 

DEBTOR:

Dakota Petroleum Transport Solutions, LLC

MONTHLY OPERATING REPORT

CHAPTER 11

CASE NUMBER:

16-43718

Form 2-A

COVER SHEET

For Period Ending 12/31/16

Accounting Method:

X

Accrual Basis

Cash Basis

THIS REPORT IS DUE 21 DAYS AFTER THE END OF THE MONTH

Debtor must attach each of the following reports/documents unless the U. S. Trustee

Mark One Box for Each

has waived the requirement in writing.  Submit the original Monthly Operating Report

Required Document:

bearing an original signature, to the U. S. Trustee.  A copy of the Report must be

filed with the Clerk of Court.  11 U.S.C. § 704(8)

Report/Document

Previously

Attached

Waived

REQUIRED REPORTS/DOCUMENTS

X

1.

Cash Receipts and Disbursements Statement (Form 2-B)

X

2.

Balance Sheet (Form 2-C)

X

3.

Profit and Loss Statement (Form 2-D)

X

4.

Supporting Schedules (Form 2-E)

X

5.

Quarterly Fee Summary (Form 2-F)

X

6.

Narrative (Form 2-G)

X

7.

Bank Statements for All Bank Accounts

X

8.

Bank Statement Reconciliations for all Bank Accounts

I declare under penalty of perjury that the following Monthly Operating Report, and any attachments thereto are true, accurate and correct to the best of my knowledge and belief.

Executed on:

1/20/17

Print Name:

Martin J Beskow

Signature:

Title:

Chief Financial Officer

 

 

DEBTOR:

Dakota Petroleum Transport Solutions, LLC

CASE NO:

16-43718

Form 2-B

CASH RECEIPTS AND DISBURSEMENTS STATEMENT

For Period:

12/20/16

to

12/31/16

 

CASH FLOW SUMMARY													Current
													Month			Accumulated
1.	Beginning Cash Balance											$	0	(1)	$	0	(1)
2.	Cash Receipts
		Operations											0			0
		Sale of Assets											0			0
		DIP Financing / Advances											0			0
		Account Funding Transfers											92,078			92,078
		Other											0			0
		Total Cash Receipts										$	92,078		$	92,078
3.	Cash Disbursements
		Operations											92,078			92,078
		DIP Financing Payments											0			0
		Professional Fees / U.S. Trustee Fees											0			0
		Other											0			0
		Total Cash Disbursements										$	92,078		$	92,078
4.	Net Cash Flow (Total Cash Receipts less
		Total Cash Disbursements)											0			0
5	Ending Cash Balance (to Form 2-C)											$	0	(2)	$	0	(2)

 

CASH BALANCE SUMMARY

Book

Financial Institution

Balance

Petty Cash

N/A

$

0

DIP Operating Account

N/A

0

DIP State Tax Account

N/A

0

DIP Payroll Account

N/A

0

Other Operating Account

Bank of America - Disbursement - ZBA #8071

0

Other Interest-bearing Account

N/A

0

TOTAL (must agree with Ending Cash Balance above)

$

0

(2)

(1)  Accumulated beginning cash balance is the cash available at the commencement of the case.

Current month beginning cash balance should equal the previous month's ending balance.

Page 1 of 3

(2)  All cash balances should be the same.

 

 

 

DEBTOR:		Dakota Petroleum Transport Solutions, LLC								CASE NO:			16-43718
	Form 2-B
	CASH RECEIPTS AND DISBURSEMENTS STATEMENT
						For Period:		12/20/16	to	12/31/16
CASH RECEIPTS DETAIL							Account: #8071
(attach additional sheets as necessary)
	Date			Payer				Description					Amount
	12/31/16			None								$	0
				Total Operations Cash Receipts								$	0
	12/31/16			None								$	0
				Total Sale of Assets								$	0
	12/31/16			None								$	0
				Total DIP Financing / Advances								$	0
	Various			Bank of America				Account Funding Transfer from #8118				$	92,078
				Total Account Funding Receipts								$	92,078
	12/31/16			None								$	0
				Total Other Receipts								$	0
								Total Cash Receipts				$	92,078	(1)
(1)  Total for all accounts should agree with total cash receipts listed on Form 2-B, page 1													Page 2 of 3

 

 

DEBTOR:

Dakota Petroleum Transport Solutions, LLC

CASE NO:

16-43718

Form 2-B

CASH RECEIPTS AND DISBURSEMENTS STATEMENT

For Period:

12/20/16

to

12/31/16

CASH DISBURSEMENTS DETAIL

Account: #8071

(attach additional sheets as necessary)

Date

Check No.

Payee

Description (Purpose)

Amount

12/27/16

ACH

Wells Fargo Dealer Services

Auto Loan

1,368

12/27/16

ACH

Ally

Auto Loan

918

12/27/16

ACH

Ally

Auto Loan

900

12/28/16

ACH

Bank of America

Bank Fees

139

12/30/16

Wire

First Insurance Funding

Insurance

88,753

Total Operations Cash Disbursements

$

92,078

12/31/16

None

$

0

Total DIP Financing Payments

$

0

12/31/16

None

$

0

Total Professional Fees / U.S. Trustee Fees

$

0

12/31/16

None

0

Total Other Cash Disbursements

$

0

Total Cash Disbursements

$

92,078

(1)

(1)  Total for all accounts should agree with total cash disbursements listed on Form 2-B, page 1

Page 3 of 3

 

 

DEBTOR:

Dakota Petroleum Transport Solutions, LLC

CASE NO:

16-43718

Form 2-C

COMPARATIVE BALANCE SHEET

For Period Ended:

12/31/16

 

														Current			Petition
ASSETS														Month			Date (1)
Current Assets:
	Cash (from Form 2-B, line 5)												$	0		$	0
	Accounts Receivable (from Form 2-E)													5,776,806			5,395,679
	Receivable from Officers, Employees, Affiliates													0			0
	Inventory													0			0
	Other Current Assets :(List)					Prepaid Insurance								221,282			174,811
						Prepaid Expense								8,506			10,491
		Total Current Assets											$	6,006,594		$	5,580,981
Fixed Assets:
	Land												$	0		$	0
	Building													4,077,616			4,077,616
	Equipment, Furniture and Fixtures													6,030,858			6,030,858
		Total Fixed Assets												10,108,474			10,108,474
	Less:  Accumulated Depreciation												(	2,322,185	)	(	2,322,185	)
		Net Fixed Assets											$	7,786,289		$	7,786,289
	Other Assets (List):					Other Long-Term Assets								729,623			729,623
														0			0
		TOTAL ASSETS											$	14,522,506		$	14,096,893
LIABILITIES
	Post-petition Accounts Payable (from Form 2-E)												$	13,789		$	0
	Post-petition Accrued Profesional Fees (from Form 2-E)													0			0
	Post-petition Taxes Payable (from Form 2-E)													0			0
	Post-petition Notes Payable													0			0
	Other Post-petition Payable(List):					Accrued Salaries								25,117			0
						Accrued Expenses								19,116			0
		Total Post Petition Liabilities											$	58,022		$	0
Pre Petition Liabilities:
	Secured Debt													0			0
	Priority Debt - Property Tax													579,476			437,754
	Secured Debt - Notes Payable Vehicles													168,269			173,174
	Unsecured Debt													60,833			32,802
		Total Pre Petition Liabilities											$	808,578		$	643,730
		TOTAL LIABILITIES											$	866,600		$	643,730
OWNERS' EQUITY
	Owner's/Stockholder's Equity												$	0		$	0
	Retained Earnings - Prepetition													13,453,163			13,453,163
	Retained Earnings - Post-petition													202,743			0
		TOTAL OWNERS' EQUITY											$	13,655,906		$	13,453,163
		TOTAL LIABILITIES AND OWNERS' EQUITY											$	14,522,506		$	14,096,893
(1)  Petition date values are taken from the Debtor's balance sheet as of the petition date or are the values																	Page 1 of 1
listed on the Debtor's schedules.

 

 

DEBTOR:				Dakota Petroleum Transport Solutions, LLC									CASE NO:				16-43718
Form 2-D
PROFIT AND LOSS STATEMENT
							For Period:		12/20/16	to	12/31/16
											Current						Accumulated
											Month						Total (1)
Gross Operating Revenue										$	372,614					$	372,614
Less:  Discounts, Returns and Allowances										(	0	)				(	0
		Net Operating Revenue								$	372,614					$	372,614
Cost of Goods Sold											88,587						88,587
		Gross Profit								$	284,026					$	284,026
Operating Expenses
	Officer Compensation									$	0					$	0
	Selling, General and Administrative										80,984						80,984
	Rents and Leases										0						0
	Depreciation, Depletion and Amortization										0						0
	Other (list):										0						0
											0						0
	Total Operating Expenses									$	80,984					$	80,984
		Operating Income (Loss)								$	203,042					$	203,042
Non-Operating Income and Expenses
	Other Non-Operating Expenses									$	0					$	0
	Gains (Losses) on Sale of Assets										0						0
	Interest Income										0						0
	Interest Expense										(299)						(299)
	Other Non-Operating Income										0						0
	Net Non-Operating Income or (Expenses)									$	(299)					$	(299)
Reorganization Expenses
	Legal and Professional Fees									$	0					$	0
	Other Reorganization Expense										0						0
	Total Reorganization Expenses									$	0					$	0
		Net Income (Loss) Before Income Taxes								$	202,743					$	202,743
Federal and State Income Tax Expense (Benefit)											0						0
		NET INCOME (LOSS)								$	202,743					$	202,743
(1)  Accumulated Totals include all revenue and expenses since the petition date.
																	Page 1 of 1

 

 

DEBTOR:			Dakota Petroleum Transport Solutions, LLC										CASE NO:		16-43718
Form 2-E
SUPPORTING SCHEDULES
							For Period:		12/20/16	to	12/31/16
	POST PETITION TAXES PAYABLE SCHEDULE
					Beginning		Amount		Amount		Date		Check		Ending
					Balance (1)		Accrued		Paid		Paid		Number		Balance
Income Tax Withheld:
	Federal			$	0	$	0	$	0					$	0
	State				0		0		0						0
FICA Tax Withheld					0		0		0						0
Employer's FICA Tax					0		0		0						0
Unemployment Tax
	Federal				0		0		0						0
	State				0		0		0						0
Sales, Use &
	Excise Taxes				0		0		0						0
Property Taxes					0		0		0						0
Accrued Income Tax:
	Federal				0		0		0						0
	State				0		0		0						0
	Other:				0		0		0						0
TOTALS				$	0	$	0	$	0					$	0
(1)  For first report, Beginning Balance will be $0; thereafter, Beginning Balance will be Ending Balance from prior report.
	INSURANCE SCHEDULE
															Premium
					Carrier						Amount of		Expiration		Paid
											Coverage		Date		Through
Workers' Compensation							Various			$	12,500,000		3/23/17		1/31/17
General Liability							Various			$	50,000,000		7/30/17		1/31/17
Property (Fire, Theft)							Various			$	46,413,035		12/10/17		1/31/17
Vehicle							Security National			$	1,000,000		12/10/17		1/31/17
Pollution							Berkley-Nautilus			$	10,000,000		5/11/17		1/31/17
D&O							Various			$	20,000,000		9/19/19		9/19/19
															Page 1 of 2

 

 

DEBTOR:			Dakota Petroleum Transport Solutions, LLC								CASE NO:				16-43718
Form 2-E
SUPPORTING SCHEDULES
							For Period:		12/20/16	to	12/31/16
ACCOUNTS RECEIVABLE AND POST PETITION PAYABLE AGING
											Accounts				Post Petition
Due											Receivable				Accounts Payable
Under 30 days										$	381,127			$	13,789
30 to 60 days											0				0
61 to 90 days											0				0
91 to 120 days											0				0
Over 120 days											0				0
Total Post Petition											381,127
Pre Petition Amounts											5,482,232
Total Accounts Receivable										$	5,863,359
Less:  Bad Debt Reserve											(86,553)
Net Accounts Receivable (to Form 2-C)										$	5,776,806
											Total Post Petition
											Accounts Payable			$	13,789
* Attach a detail listing of accounts receivable and post-petition accounts payable
SCHEDULE OF PAYMENTS TO ATTORNEYS AND OTHER PROFESSIONALS
					Month-end		Current		Paid in
					Retainer		Month's		Current		Date of				Month-end
					Balance		Accrual		Month		Court Approval				Balance Due *
Debtor's Counsel				$	0	$	0	$	0					$	0
Senior Secured Lender
	Counsel				0		0		0						0
Counsel for Unsecured
	Creditors' Committee				0		0		0						0
Trustee's Counsel					0		0		0						0
Accountant					0		0		0						0
Other:					0		0		0						0
Total				$	0	$	0	$	0					$	0
*Balance due to include fees and expenses incurred but not yet paid.
SCHEDULE OF PAYMENTS AND TRANSFERS TO PRINCIPALS/EXECUTIVES**
Payee Name					Position				Nature of Payment					Amount
														$
**List payments and transfers of any kind and in any form made to or for the benefit of any proprietor, owner,
partner, shareholder, officer or director.															Page 2 of 2

 

 

DPTS, LLC AR Aging (Post-Petition)
	Under 30 days	30 to 60 days	61 to 90 days	91 to 120 days	Over 120 days	Total
4 Customers	381,127					381,127
Total	381,127	0	0	0	0	381,127
DPTS, LLC AR Aging (Pre-Petition)
	Under 30 days	30 to 60 days	61 to 90 days	91 to 120 days	Over 120 days	Total
2 Customers					5,482,232	5,482,232
Bad Debt Reserve					(86,553)	(86,553)
Total	0	0	0	0	5,395,679	5,395,679

 

 

DPTS AP Aging (Post-Petition)
Vendor	Under 30 Days	30 to 60 Days	61 to 90 Days	91 to 120 Days	Over 120 Days	Total
Border States Electric Supply	1,485					1,485
Butler Machinery Company	381					381
Hughes Network Systems, LLC	115					115
Northern Plains Rail Services	3,550					3,550
Salco Products, Inc.	5,780					5,780
United Quality Cooperative	2,477					2,477
Total	13,789	0	0	0	0	13,789

 

 

DEBTOR:			Dakota Petroleum Transport Solutions, LLC						CASE NO:		16-43718
Form 2-F
QUARTERLY FEE SUMMARY *
					For the Month Ended:		12/31/16
					Cash		Quarterly				Date
Month		Year			Disbursements **		Fee Due		Check No.		Paid
January		2016		$	0
February		2016			0
March		2016			0
	TOTAL 1st Quarter			$	0	$
April		2016		$	0
May		2016			0
June		2016			0
	TOTAL 2nd Quarter			$	0	$
July		2016		$	0
August		2016			0
September		2016			0
	TOTAL 3rd Quarter			$	0	$
October		2016		$	0
November		2016			0
December		2016			92,078
	TOTAL 4th Quarter			$	92,078	$	975		1759		1/20/17
FEE SCHEDULE
Quarterly Disbursements				Fee			Quarterly Disbursements				Fee
$0 to $14,999				$325			$1,000,000 to $1,999,999				$6,500
$15,000 to $74,999				$650			$2,000,000 to $2,999,999				$9,750
$75,000 to $149,999				$975			$3,000,000 to $4,999,999				$10,400
$150,000 to $224,999				$1,625			$5,000,000 to $14,999,999				$13,000
$225,000 to $299,999				$1,950			$15,000,000 to $29,999,999				$20,000
$300,000 to $999,999				$4,875			$30,000,000 or more				$30,000
*	This summary is to reflect the current calendar year's information cumulative to the end of the reporting period
**	Should agree with line 3, Form 2-B.  Disbursements are net of transfers to other debtor in possession bank accounts
Failure to pay the quarterly fee is cause for conversion or dismissal of the chapter 11 case. [11 U.S.C. Sec. 1112(b)(10)]
											Page 1 of 1

 

 

	DEBTOR:	Dakota Petroleum Transport Solutions, LLC						CASE NO:	16-43718
Form 2-G
NARRATIVE
For Period Ending 12/31/16
	Please provide a brief description of any significant business and legal actions taken by the debtor, its creditors,
	or the court during the reporting period, any unusual or non-recurring accounting transactions that are reported in
	the financial statements, and any significant changes in the financial condition of the debtor which have occurred
	subsequent to the report date.
	Dakota Petroleum Transport Solutions, LLC is a wholly-owned, subsidiary of Dakota Plains Holdings, Inc. (the "Parent Company").  The results of operations for periods beginning after the December 20, 2016 petition date are reported on a consolidation basis with those of the Parent Company.  There were no significant business or legal actions taken by the debtor, its creditors, or the court during the reporting period. There are no significant changes in the financial condition of the debtor which have ocurred subsequent to the report date. There were no unusual or non-recurring accounting transactions that are reported in the financial statements.
										Page 1 of 1

 

 

DEBTOR:

DPTS Sand, LLC

MONTHLY OPERATING REPORT

CHAPTER 11

CASE NUMBER:

16-43721

Form 2-A

COVER SHEET

For Period Ending 12/31/16

Accounting Method:

X

Accrual Basis

Cash Basis

THIS REPORT IS DUE 21 DAYS AFTER THE END OF THE MONTH

Debtor must attach each of the following reports/documents unless the U. S. Trustee

Mark One Box for Each

has waived the requirement in writing.  Submit the original Monthly Operating Report

Required Document:

bearing an original signature, to the U. S. Trustee.  A copy of the Report must be

filed with the Clerk of Court.  11 U.S.C. § 704(8)

Report/Document

Previously

Attached

Waived

REQUIRED REPORTS/DOCUMENTS

X

1.

Cash Receipts and Disbursements Statement (Form 2-B)

X

2.

Balance Sheet (Form 2-C)

X

3.

Profit and Loss Statement (Form 2-D)

X

4.

Supporting Schedules (Form 2-E)

X

5.

Quarterly Fee Summary (Form 2-F)

X

6.

Narrative (Form 2-G)

X

7.

Bank Statements for All Bank Accounts

X

8.

Bank Statement Reconciliations for all Bank Accounts

I declare under penalty of perjury that the following Monthly Operating Report, and any attachments thereto are true, accurate and correct to the best of my knowledge and belief.

Executed on:

1/20/17

Print Name:

Martin J Beskow

Signature:

Title:

Chief Financial Officer

 

 

DEBTOR: DPTS Sand, LLC													CASE NO:			16-43721
	Form 2-B
	CASH RECEIPTS AND DISBURSEMENTS STATEMENT
									For Period:		12/20/16	to	12/31/16
CASH FLOW SUMMARY													Current
													Month			Accumulated
1.	Beginning Cash Balance											$	1,629	(1)	$	1,629	(1)
2.	Cash Receipts
		Operations											0			0
		Sale of Assets											0			0
		DIP Financing / Advances											0			0
		Other											0			0
		Total Cash Receipts										$	0		$	0
3.	Cash Disbursements
		Operations											0			0
		DIP Financing Payments											0			0
		Professional Fees / U.S. Trustee Fees											0			0
		Account Funding Transfers											0
		Other											0			0
		Total Cash Disbursements										$	0		$	0
4.	Net Cash Flow (Total Cash Receipts less
		Total Cash Disbursements)											0			0
5	Ending Cash Balance (to Form 2-C)											$	1,629	(2)	$	1,629	(2)

 

CASH BALANCE SUMMARY

Book

Financial Institution

Balance

Petty Cash

N/A

$

0

DIP Operating Account

N/A

0

DIP State Tax Account

N/A

0

DIP Payroll Account

N/A

0

Other Operating Account

Bank of America - Operating #8132

1,629

Other Interest-bearing Account

N/A

0

TOTAL (must agree with Ending Cash Balance above)

$

1,629

(2)

 

(1)  Accumulated beginning cash balance is the cash available at the commencement of the case.

Current month beginning cash balance should equal the previous month’s ending balance.

(2)  All cash balances should be the same.

Page 1 of 3

 

 

DEBTOR:		DPTS Sand, LLC								CASE NO:			16-43721
	Form 2-B
	CASH RECEIPTS AND DISBURSEMENTS STATEMENT
						For Period:		12/20/16	to	12/31/16
CASH RECEIPTS DETAIL							Account: #8132
(attach additional sheets as necessary)
	Date			Payer				Description					Amount
	12/31/16			None								$	0
				Total Operations Cash Receipts								$	0
	12/31/16			None								$	0
				Total Sale of Assets								$	0
	12/31/16			None								$	0
				Total DIP Financing / Advances								$	0
	12/31/16			None								$	0
				Total Other Receipts								$	0
								Total Cash Receipts				$	0	(1)

(1)  Total for all accounts should agree with total cash receipts listed on Form 2-B, page 1

Page 2 of 3

 

 

DEBTOR:

DPTS Sand, LLC

CASE NO:

16-43721

Form 2-B

CASH RECEIPTS AND DISBURSEMENTS STATEMENT

For Period:

12/20/16

to

12/31/16

CASH DISBURSEMENTS DETAIL

Account: #8132

(attach additional sheets as necessary)

Date

Check No.

Payee

Description (Purpose)

Amount

12/31/16

None

0

Total Operations Cash Disbursements

$

0

12/31/16

None

$

0

Total DIP Financing Payments

$

0

12/31/16

None

$

0

Total Professional Fees / U.S. Trustee Fees

$

0

12/31/16

None

0

Total Account Funding Transfers

$

0

12/31/16

None

0

Total Other Cash Disbursements

$

0

Total Cash Disbursements

$

0

(1)

(1)  Total for all accounts should agree with total cash disbursements listed on Form 2-B, page 1

Page 3 of 3

 

 

DEBTOR: DPTS Sand, LLC													CASE NO:				16-43721
Form 2-C
COMPARATIVE BALANCE SHEET
						For Period Ended:				12/31/16
														Current			Petition
ASSETS														Month			Date (1)
Current Assets:
	Cash (from Form 2-B, line 5)												$	1,629		$	1,629
	Accounts Receivable (from Form 2-E)													355,858			262,013
	Receivable from Officers, Employees, Affiliates													0			0
	Inventory													0			0
	Other Current Assets :(List)													0			0
														0			0
		Total Current Assets											$	357,487		$	263,642
Fixed Assets:
	Land												$	0		$	0
	Building													0			0
	Equipment, Furniture and Fixtures													0			0
		Total Fixed Assets												0			0
	Less:  Accumulated Depreciation												(	0	)	(	0	)
		Net Fixed Assets											$	0		$	0
	Other Assets (List):													0			0
														0			0
		TOTAL ASSETS											$	357,487		$	263,642
LIABILITIES
	Post-petition Accounts Payable (from Form 2-E)												$	0		$	0
	Post-petition Accrued Profesional Fees (from Form 2-E)													0			0
	Post-petition Taxes Payable (from Form 2-E)													0			0
	Post-petition Notes Payable													0			0
	Other Post-petition Payable(List):					Accrued Salaries								0			0
														0			0
		Total Post Petition Liabilities											$	0		$	0
Pre Petition Liabilities:
	Secured Debt													0			0
	Priority Debt - Property Tax													0			0
	Secured Debt - Notes Payable Vehicles													0			0
	Unsecured Debt													0			0
		Total Pre Petition Liabilities											$	0		$	0
		TOTAL LIABILITIES											$	0		$	0
OWNERS’ EQUITY
	Owner’s/Stockholder’s Equity												$	0		$	0
	Retained Earnings - Prepetition													263,642			263,642
	Retained Earnings - Post-petition													93,845			0
		TOTAL OWNERS’ EQUITY											$	357,487		$	263,642
		TOTAL LIABILITIES AND OWNERS’ EQUITY											$	357,487		$	263,642

(1)  Petition date values are taken from the Debtor’s balance sheet as of the petition date or are the values listed on the Debtor’s schedules.

Page 1 of 1

 

 

DEBTOR:				DPTS Sand, LLC									CASE NO:				16-43721
Form 2-D
PROFIT AND LOSS STATEMENT
							For Period:		12/20/16	to	12/31/16
											Current						Accumulated
											Month						Total (1)
Gross Operating Revenue										$	93,845					$	93,845
Less:  Discounts, Returns and Allowances										(	0	)				(	0	)
		Net Operating Revenue								$	93,845					$	93,845
Cost of Goods Sold											0						0
		Gross Profit								$	93,845					$	93,845
Operating Expenses
	Officer Compensation									$	0					$	0
	Selling, General and Administrative										0						0
	Rents and Leases										0						0
	Depreciation, Depletion and Amortization										0						0
	Other (list):										0						0
											0						0
	Total Operating Expenses									$	0					$	0
		Operating Income (Loss)								$	93,845					$	93,845
Non-Operating Income and Expenses
	Other Non-Operating Expenses									$	0					$	0
	Gains (Losses) on Sale of Assets										0						0
	Interest Income										0						0
	Interest Expense										0						0
	Other Non-Operating Income										0						0
	Net Non-Operating Income or (Expenses)									$	0					$	0
Reorganization Expenses
	Legal and Professional Fees									$	0					$	0
	Other Reorganization Expense										0						0
	Total Reorganization Expenses									$	0					$	0
		Net Income (Loss) Before Income Taxes								$	93,845					$	93,845
Federal and State Income Tax Expense (Benefit)											0						0
		NET INCOME (LOSS)								$	93,845					$	93,845
(1)  Accumulated Totals include all revenue and expenses since the petition date.

Page 1 of 1

 

 

DEBTOR:			DPTS Sand, LLC										CASE NO:		16-43721
Form 2-E
SUPPORTING SCHEDULES
							For Period:		12/20/16	to	12/31/16
	POST PETITION TAXES PAYABLE SCHEDULE
					Beginning		Amount		Amount		Date		Check		Ending
					Balance (1)		Accrued		Paid		Paid		Number		Balance
Income Tax Withheld:
	Federal			$	0	$	0	$	0					$	0
	State				0		0		0						0
FICA Tax Withheld					0		0		0						0
Employer’s FICA Tax					0		0		0						0
Unemployment Tax
	Federal				0		0		0						0
	State				0		0		0						0
Sales, Use &
	Excise Taxes				0		0		0						0
Property Taxes					0		0		0						0
Accrued Income Tax:
	Federal				0		0		0						0
	State				0		0		0						0
	Other:				0		0		0						0
TOTALS				$	0	$	0	$	0					$	0

(1)  For first report, Beginning Balance will be $0; thereafter, Beginning Balance will be Ending Balance from prior report.

 

INSURANCE SCHEDULE

Premium

Carrier

Amount of

Expiration

Paid

Coverage

Date

Through

Workers’ Compensation

Various

$

12,500,000

3/23/17

1/31/17

General Liability

Various

$

50,000,000

7/30/17

1/31/17

Property (Fire, Theft)

Various

$

46,413,035

12/10/17

1/31/17

Vehicle

Security National

$

1,000,000

12/10/17

1/31/17

Pollution

Berkley-Nautilus

$

10,000,000

5/11/17

1/31/17

D&O

Various

$

20,000,000

9/19/19

9/19/19

Page 1 of 2

 

 

DEBTOR:			DPTS Sand, LLC								CASE NO:				16-43721
Form 2-E
SUPPORTING SCHEDULES
							For Period:		12/20/16	to	12/31/16
ACCOUNTS RECEIVABLE AND POST PETITION PAYABLE AGING
											Accounts				Post Petition
Due											Receivable				Accounts Payable
Under 30 days										$	93,845			$	0
30 to 60 days											0				0
61 to 90 days											0				0
91 to 120 days											0				0
Over 120 days											0				0
Total Post Petition											93,845
Pre Petition Amounts											262,013
Total Accounts Receivable										$	355,858
Less:  Bad Debt Reserve											0
Net Accounts Receivable (to Form 2-C)										$	355,858
											Total Post Petition
											Accounts Payable			$	0

* Attach a detail listing of accounts receivable and post-petition accounts payable

 

SCHEDULE OF PAYMENTS TO ATTORNEYS AND OTHER PROFESSIONALS
					Month-end		Current		Paid in
					Retainer		Month’s		Current		Date of				Month-end
					Balance		Accrual		Month		Court Approval				Balance Due *
Debtor’s Counsel				$	0	$	0	$	0					$	0
Senior Secured Lender
	Counsel				0		0		0						0
Counsel for Unsecured
	Creditors’ Committee				0		0		0						0
Trustee’s Counsel					0		0		0						0
Accountant					0		0		0						0
Other:					0		0		0						0
Total				$	0	$	0	$	0					$	0

*Balance due to include fees and expenses incurred but not yet paid.

 

SCHEDULE OF PAYMENTS AND TRANSFERS TO PRINCIPALS/EXECUTIVES**

Payee Name

Position

Nature of Payment

Amount

$

 

**List payments and transfers of any kind and in any form made to or for the benefit of any proprietor, owner, partner, shareholder, officer or director.

Page 2 of 2

 

 

DPTS Sand, LLC AR Aging (Post-Petition)
Vendor - UNIMIN Invoice #	Under 30 days	30 to 60 days	61 to 90 days	91 to 120 days	Over 120 days	Total
1134 - Dec	12,107					12,107
1133	43,531					43,531
1132	38,208					38,208
Total	93,845	0	0	0	0	93,845
DPTS Sand, LLC AR Aging (Pre-Petition)
Vendor - UNIMIN Invoice #	Under 30 days	30 to 60 days	61 to 90 days	91 to 120 days	Over 120 days	Total
1131	61,655					61,655
1130	32,493					32,493
1129		73,784				73,784
1128		36,481				36,481
1127		57,599				57,599
Total	94,149	167,864	0	0	0	262,013

 

 

DEBTOR:			DPTS Sand, LLC						CASE NO:		16-43721
Form 2-F
QUARTERLY FEE SUMMARY *
					For the Month Ended:		12/31/16
					Cash		Quarterly				Date
Month		Year			Disbursements **		Fee Due		Check No.		Paid
January		2016		$	0
February		2016			0
March		2016			0
	TOTAL 1st Quarter			$	0	$
April		2016		$	0
May		2016			0
June		2016			0
	TOTAL 2nd Quarter			$	0	$
July		2016		$	0
August		2016			0
September		2016			0
	TOTAL 3rd Quarter			$	0	$
October		2016		$	0
November		2016			0
December		2016			0
	TOTAL 4th Quarter			$	0	$	325		1760		1/20/17

 

FEE SCHEDULE
Quarterly Disbursements				Fee			Quarterly Disbursements				Fee
$0 to $14,999				$325			$1,000,000 to $1,999,999				$6,500
$15,000 to $74,999				$650			$2,000,000 to $2,999,999				$9,750
$75,000 to $149,999				$975			$3,000,000 to $4,999,999				$10,400
$150,000 to $224,999				$1,625			$5,000,000 to $14,999,999				$13,000
$225,000 to $299,999				$1,950			$15,000,000 to $29,999,999				$20,000
$300,000 to $999,999				$4,875			$30,000,000 or more				$30,000

 

*	This summary is to reflect the current calendar year’s information cumulative to the end of the reporting period
**	Should agree with line 3, Form 2-B.  Disbursements are net of transfers to other debtor in possession bank accounts

Failure to pay the quarterly fee is cause for conversion or dismissal of the chapter 11 case. [11 U.S.C. Sec. 1112(b)(10)]

Page 1 of 1

 

 

DEBTOR:	DPTS Sand, LLC						CASE NO:	16-43721
Form 2-G
NARRATIVE
For Period Ending						12/31/16
Please provide a brief description of any significant business and legal actions taken by the debtor, its creditors, or the court during the reporting period, any unusual or non-recurring accounting transactions that are reported in the financial statements, and any significant changes in the financial condition of the debtor which have occurred subsequent to the report date.

 

DPTS Sand, LLC is a wholly-owned, subsidiary of Dakota Plains Holdings, Inc. (the “Parent Company”).  The results of operations for periods beginning after the December 20, 2016 petition date are reported on a consolidation basis with those of the Parent Company.  There were no significant business or legal actions taken by the debtor, its creditors, or the court during the reporting period. There are no significant changes in the financial condition of the debtor which have ocurred subsequent to the report date. There were no unusual or non-recurring accounting transactions that are reported in the financial statements.

Page 1 of 1

 

 

DEBTOR:

DPTS Marketing LLC

MONTHLY OPERATING REPORT

CHAPTER 11

CASE NUMBER:

16-43717

Form 2-A

COVER SHEET

For Period Ending 12/31/16

Accounting Method:

X

Accrual Basis

Cash Basis

THIS REPORT IS DUE 21 DAYS AFTER THE END OF THE MONTH

Debtor must attach each of the following reports/documents unless the U. S. Trustee

Mark One Box for Each

has waived the requirement in writing. Submit the original Monthly Operating Report

Required Document:

bearing an original signature, to the U. S. Trustee. A copy of the Report must be

filed with the Clerk of Court. 11 U.S.C. § 704(8)

Report/Document

Previously

Attached

Waived

REQUIRED REPORTS/DOCUMENTS

X

1.

Cash Receipts and Disbursements Statement (Form 2-B)

X

2.

Balance Sheet (Form 2-C)

X

3.

Profit and Loss Statement (Form 2-D)

X

4.

Supporting Schedules (Form 2-E)

X

5.

Quarterly Fee Summary (Form 2-F)

X

6.

Narrative (Form 2-G)

X

7.

Bank Statements for All Bank Accounts

X

8.

Bank Statement Reconciliations for all Bank Accounts

I declare under penalty of perjury that the following Monthly Operating Report, and any attachments thereto are true, accurate and correct to the best of my knowledge and belief.

Executed on:

1/20/17

Print Name:

Martin J Beskow

Signature:

Title:

Chief Financial Officer

 

 

DEBTOR:

DPTS Marketing LLC

CASE NO:

16-43717

 

Form 2-B

CASH RECEIPTS AND DISBURSEMENTS STATEMENT

For Period:   12/20/16  to  12/31/16

 

CASH FLOW SUMMARY													Current
													Month			Accumulated
1.	Beginning Cash Balance											$	0	(1)	$	0	(1)
2.	Cash Receipts
		Operations											0			0
		Sale of Assets											0			0
		DIP Financing / Advances											0			0
		Other											0			0
		Total Cash Receipts										$	0		$	0
3.	Cash Disbursements
		Operations											0			0
		DIP Financing Payments											0			0
		Professional Fees / U.S. Trustee Fees											0			0
		Other											0			0
		Total Cash Disbursements										$	0		$	0
4.	Net Cash Flow (Total Cash Receipts less
		Total Cash Disbursements)											0			0
5	Ending Cash Balance (to Form 2-C)											$	0	(2)	$	0	(2)

 

CASH BALANCE SUMMARY

Book

Financial Institution

Balance

Petty Cash

N/A

$

0

DIP Operating Account

N/A

0

DIP State Tax Account

N/A

0

DIP Payroll Account

N/A

0

Other Operating Account

Bank of America - Disbursement - ZBA #8137

0

Other Interest-bearing Account

N/A

0

TOTAL (must agree with Ending Cash Balance above)

$

0

(2)

 

(1)  Accumulated beginning cash balance is the cash available at the commencement of the case. Current month beginning cash balance should equal the previous month's ending balance.
	Page 1 of 3
(2)  All cash balances should be the same.

 

 

DEBTOR: DPTS Marketing LLC

CASE NO:        16-43717

 

Form 2-B

CASH RECEIPTS AND DISBURSEMENTS STATEMENT

For Period:   12/20/16   to   12/31/16  

 

CASH RECEIPTS DETAIL							Account: #8137
(attach additional sheets as necessary)
	Date			Payer				Description					Amount
	12/31/16			None								$	0
				Total Operations Cash Receipts								$	0
	12/31/16			None								$	0
				Total Sale of Assets								$	0
	12/31/16			None								$	0
				Total DIP Financing / Advances								$	0
	12/31/16			None								$	0
				Total Other Receipts								$	0
								Total Cash Receipts				$	0	(1)

 

(1)  Total for all accounts should agree with total cash receipts listed on Form 2-B, page 1

Page 2 of 3

 

 

DEBTOR:        DPTS Marketing LLC

CASE NO:         16-43717

 

Form 2-B

CASH RECEIPTS AND DISBURSEMENTS STATEMENT

For Period:   12/20/16   to   12/31/16  

 

CASH DISBURSEMENTS DETAIL								Account: #8137
(attach additional sheets as necessary)
	Date		Check No.		Payee				Description (Purpose)							Amount
	12/31/16				None											0
					Total Operations Cash Disbursements										$	0
	12/31/16				None										$	0
					Total DIP Financing Payments										$	0
	12/31/16				None										$	0
					Total Professional Fees / U.S. Trustee Fees										$	0
	12/31/16				None											0
					Total Other Cash Disbursements										$	0
									Total Cash Disbursements						$	0	(1)

 

(1)  Total for all accounts should agree with total cash disbursements listed on Form 2-B, page 1		Page 3 of 3

 

DEBTOR:      DPTS Marketing LLC

CASE NO:         16-43717

 

Form 2-C

COMPARATIVE BALANCE SHEET

For Period Ended:    12/31/16  

 

														Current			Petition
ASSETS														Month			Date (1)
Current Assets:
	Cash (from Form 2-B, line 5)												$	0		$	0
	Accounts Receivable (from Form 2-E)													63,614			63,614
	Receivable from Officers, Employees, Affiliates													0			0
	Inventory													0			0
	Other Current Assets :(List)													0			0
														0			0
		Total Current Assets											$	63,614		$	63,614
Fixed Assets:
	Land												$	0		$	0
	Building													0			0
	Equipment, Furniture and Fixtures													0			0
		Total Fixed Assets												0			0
	Less:  Accumulated Depreciation												(	0	)	(	0	)
		Net Fixed Assets											$	0		$	0
	Other Assets (List):													0			0
														0			0
		TOTAL ASSETS											$	63,614		$	63,614
LIABILITIES
	Post-petition Accounts Payable (from Form 2-E)												$	0		$	0
	Post-petition Accrued Profesional Fees (from Form 2-E)													0			0
	Post-petition Taxes Payable (from Form 2-E)													0			0
	Post-petition Notes Payable													0			0
	Other Post-petition Payable(List):													0			0
														0			0
		Total Post Petition Liabilities											$	0		$	0
Pre Petition Liabilities:
	Secured Debt - Western Petroleum Company													1,827,164			1,827,164
	Unsecured Debt													831,211			831,211
		Total Pre Petition Liabilities											$	2,658,375		$	2,658,375
		TOTAL LIABILITIES											$	2,658,375		$	2,658,375
OWNERS' EQUITY
	Owner's/Stockholder's Equity												$	0		$	0
	Retained Earnings - Prepetition													(2,594,761)			(2,594,761)
	Retained Earnings - Post-petition													0			0
		TOTAL OWNERS' EQUITY											$	(2,594,761)		$	(2,594,761)
		TOTAL LIABILITIES AND OWNERS' EQUITY											$	63,614		$	63,614

 

(1)  Petition date values are taken from the Debtor's balance sheet as of the petition date or are the values	Page 1 of 1
listed on the Debtor's schedules.

 

 

DEBTOR:

DPTS Marketing LLC

CASE NO:

16-43717

 

Form 2-D

PROFIT AND LOSS STATEMENT

For Period: 12/20/16 to 12/31/16

 

											Current						Accumulated
											Month						Total (1)
Gross Operating Revenue										$	0					$	0
Less:  Discounts, Returns and Allowances										(	0	)				(	0	)
		Net Operating Revenue								$	0					$	0
Cost of Goods Sold											0						0
		Gross Profit								$	0					$	0
Operating Expenses
	Officer Compensation									$	0					$	0
	Selling, General and Administrative										0						0
	Rents and Leases										0						0
	Depreciation, Depletion and Amortization										0						0
	Other (list):										0						0
											0						0
	Total Operating Expenses									$	0					$	0
		Operating Income (Loss)								$	0					$	0
Non-Operating Income and Expenses
	Other Non-Operating Expenses									$	0					$	0
	Gains (Losses) on Sale of Assets										0						0
	Interest Income										0						0
	Interest Expense										0						0
	Other Non-Operating Income										0						0
	Net Non-Operating Income or (Expenses)									$	0					$	0
Reorganization Expenses
	Legal and Professional Fees									$	0					$	0
	Other Reorganization Expense										0						0
	Total Reorganization Expenses									$	0					$	0
		Net Income (Loss) Before Income Taxes								$	0					$	0
Federal and State Income Tax Expense (Benefit)											0						0
		NET INCOME (LOSS)								$	0					$	0

 

(1)  Accumulated Totals include all revenue and expenses since the petition date.
						Page 1 of 1

 

 

DEBTOR:

DPTS Marketing LLC

CASE NO:

16-43717

 

Form 2-E

SUPPORTING SCHEDULES

For Period: 12/20/16 to 12/31/16

 

	POST PETITION TAXES PAYABLE SCHEDULE
					Beginning		Amount		Amount		Date		Check		Ending
					Balance (1)		Accrued		Paid		Paid		Number		Balance
Income Tax Withheld:
	Federal			$	0	$	0	$	0					$	0
	State				0		0		0						0
FICA Tax Withheld					0		0		0						0
Employer's FICA Tax					0		0		0						0
Unemployment Tax
	Federal				0		0		0						0
	State				0		0		0						0
Sales, Use &
	Excise Taxes				0		0		0						0
Property Taxes					0		0		0						0
Accrued Income Tax:
	Federal				0		0		0						0
	State				0		0		0						0
	Other:				0		0		0						0
TOTALS				$	0	$	0	$	0					$	0

 

(1)  For first report, Beginning Balance will be $0; thereafter, Beginning Balance will be Ending Balance from prior report.

 

INSURANCE SCHEDULE

Premium

Carrier

Amount of

Expiration

Paid

Coverage

Date

Through

Workers' Compensation

Various

$

12,500,000

3/23/17

1/31/17

General Liability

Various

$

50,000,000

7/30/17

1/31/17

Property (Fire, Theft)

Various

$

46,413,035

12/10/17

1/31/17

Vehicle

Security National

$

1,000,000

12/10/17

1/31/17

Pollution

Berkley-Nautilus

$

10,000,000

5/11/17

1/31/17

D&O

Various

$

20,000,000

9/19/19

9/19/19

 

Page 1 of 2

 

 

DEBTOR:

DPTS Marketing LLC

CASE NO:

16-43717

 

Form 2-E

 

SUPPORTING SCHEDULES

 

For Period: 12/20/16 to 12/31/16

 

ACCOUNTS RECEIVABLE AND POST PETITION PAYABLE AGING
											Accounts				Post Petition
Due											Receivable				Accounts Payable
Under 30 days										$	0			$	0
30 to 60 days											0				0
61 to 90 days											0				0
91 to 120 days											0				0
Over 120 days											0				0
Total Post Petition											0
Pre Petition Amounts											63,614
Total Accounts Receivable										$	63,614
Less:  Bad Debt Reserve											0
Net Accounts Receivable (to Form 2-C)										$	63,614
											Total Post Petition
											Accounts Payable			$	0

 

* Attach a detail listing of accounts receivable and post-petition accounts payable

 

SCHEDULE OF PAYMENTS TO ATTORNEYS AND OTHER PROFESSIONALS
					Month-end		Current		Paid in
					Retainer		Month's		Current		Date of				Month-end
					Balance		Accrual		Month		Court Approval				Balance Due *
Debtor's Counsel				$	0	$	0	$	0					$	0
Senior Secured Lender
Counsel					0		0		0						0
Counsel for Unsecured
Creditors' Committee					0		0		0						0
Trustee's Counsel					0		0		0						0
Accountant					0		0		0						0
Other:					0		0		0						0
Total				$	0	$	0	$	0					$	0
*Balance due to include fees and expenses incurred but not yet paid.

SCHEDULE OF PAYMENTS AND TRANSFERS TO PRINCIPALS/EXECUTIVES**

Payee Name

Position

Nature of Payment

Amount

$

 

**List payments and transfers of any kind and in any form made to or for the benefit of any proprietor, owner,

partner, shareholder, officer or director.

Page 2 of 2

 

 

DPTS Marketing LLC AR Aging (Pre-Petition)
Customer	Under 30 days	30 to 60 days	61 to 90 days	91 to 120 days	Over 120 days	Total
4 Customers					63,614	63,614
Total	0	0	0	0	63,614	63,614

 

 

DEBTOR:

DPTS Marketing LLC

CASE NO:

16-43717

 

Form 2-F

QUARTERLY FEE SUMMARY *

For the Month Ended:  12/31/16

 

					Cash		Quarterly				Date
Month		Year			Disbursements **		Fee Due		Check No.		Paid
January		2016		$	0
February		2016			0
March		2016			0
	TOTAL 1st Quarter			$	0	$
April		2016		$	0
May		2016			0
June		2016			0
	TOTAL 2nd Quarter			$	0	$
July		2016		$	0
August		2016			0
September		2016			0
	TOTAL 3rd Quarter			$	0	$
October		2016		$	0
November		2016			0
December		2016			0
	TOTAL 4th Quarter			$	0	$	325		1761		1/20/17

 

FEE SCHEDULE
Quarterly Disbursements				Fee			Quarterly Disbursements				Fee
$0 to $14,999				$325			$1,000,000 to $1,999,999				$6,500
$15,000 to $74,999				$650			$2,000,000 to $2,999,999				$9,750
$75,000 to $149,999				$975			$3,000,000 to $4,999,999				$10,400
$150,000 to $224,999				$1,625			$5,000,000 to $14,999,999				$13,000
$225,000 to $299,999				$1,950			$15,000,000 to $29,999,999				$20,000
$300,000 to $999,999				$4,875			$30,000,000 or more				$30,000

 

*	This summary is to reflect the current calendar year's information cumulative to the end of the reporting period
**	Should agree with line 3, Form 2-B.  Disbursements are net of transfers to other debtor in possession bank accounts
Failure to pay the quarterly fee is cause for conversion or dismissal of the chapter 11 case. [11 U.S.C. Sec. 1112(b)(10)]
											Page 1 of 1

 

 

DEBTOR:

DPTS Marketing LLC

CASE NO:

16-43717

 

Form 2-G

NARRATIVE

For Period Ending 12/31/16

 

Please provide a brief description of any significant business and legal actions taken by the debtor, its creditors, or the court during the reporting period, any unusual or non-recurring accounting transactions that are reported in the financial statements, and any significant changes in the financial condition of the debtor which have occurred subsequent to the report date.

 

DPTS Marketing LLC is a wholly-owned, subsidiary of Dakota Plains Holdings, Inc. (the "Parent Company").  The results of operations for periods beginning after the December 20, 2016 petition date are reported on a consolidation basis with those of the Parent Company.  There were no significant business or legal actions taken by the debtor, its creditors, or the court during the reporting period. There are no significant changes in the financial condition of the debtor which have ocurred subsequent to the report date. There were no unusual or non-recurring accounting transactions that are reported in the financial statements.

 

Page 1 of 1

 

 

DEBTOR:

Dakota Plains Transloading, LLC

MONTHLY OPERATING REPORT

CHAPTER 11

CASE NUMBER:

16-43712

Form 2-A

COVER SHEET

For Period Ending 12/31/16

Accounting Method:

X

Accrual Basis

Cash Basis

THIS REPORT IS DUE 21 DAYS AFTER THE END OF THE MONTH

Debtor must attach each of the following reports/documents unless the U. S. Trustee

Mark One Box for Each

has waived the requirement in writing.  Submit the original Monthly Operating Report

Required Document:

bearing an original signature, to the U. S. Trustee.  A copy of the Report must be

filed with the Clerk of Court.  11 U.S.C. § 704(8)

Report/Document

Previously

Attached

Waived

REQUIRED REPORTS/DOCUMENTS

X

1.

Cash Receipts and Disbursements Statement (Form 2-B)

X

2.

Balance Sheet (Form 2-C)

X

3.

Profit and Loss Statement (Form 2-D)

X

4.

Supporting Schedules (Form 2-E)

X

5.

Quarterly Fee Summary (Form 2-F)

X

6.

Narrative (Form 2-G)

N/A

7.

Bank Statements for All Bank Accounts

N/A

8.

Bank Statement Reconciliations for all Bank Accounts

I declare under penalty of perjury that the following Monthly Operating Report, and any attachments thereto are true, accurate and correct to the best of my knowledge and belief.

Executed on:

1/20/17

Print Name:

Martin J Beskow

Signature:

Title:

Chief Financial Officer

 

 

DEBTOR:

Dakota Plains Transloading, LLC

CASE NO:

16-43712

Form 2-B

CASH RECEIPTS AND DISBURSEMENTS STATEMENT

For Period:

12/20/16

to

12/31/16

CASH FLOW SUMMARY													Current
													Month			Accumulated
1.	Beginning Cash Balance											$	0	(1)	$	0	(1)
2.	Cash Receipts
		Operations											0			0
		Sale of Assets											0			0
		DIP Financing / Advances											0			0
		Other											0			0
		Total Cash Receipts										$	0		$	0
3.	Cash Disbursements
		Operations											0			0
		DIP Financing Payments											0			0
		Professional Fees / U.S. Trustee Fees											0			0
		Other											0			0
		Total Cash Disbursements										$	0		$	0
4.	Net Cash Flow (Total Cash Receipts less
		Total Cash Disbursements)											0			0
5	Ending Cash Balance (to Form 2-C)											$	0	(2)	$	0	(2)
CASH BALANCE SUMMARY																Book
										Financial Institution						Balance
	Petty Cash											N/A			$	0
	DIP Operating Account											N/A				0
	DIP State Tax Account											N/A				0
	DIP Payroll Account											N/A				0
	Other Operating Account											N/A				0
	Other Interest-bearing Account											N/A				0
	TOTAL (must agree with Ending Cash Balance above)														$	0	(2)

(1)  Accumulated beginning cash balance is the cash available at the commencement of the case.
	Current month beginning cash balance should equal the previous month's ending balance.	Page 1 of 3

(2)  All cash balances should be the same.

 

 

DEBTOR:        Dakota Plains Transloading, LLC

CASE NO:

16-43712

Form 2-B

CASH RECEIPTS AND DISBURSEMENTS STATEMENT

For Period:

12/20/16

to

12/31/16

CASH RECEIPTS DETAIL

Account: N/A

(attach additional sheets as necessary)

	Date			Payer				Description					Amount
	12/31/16			None								$	0
				Total Operations Cash Receipts								$	0
	12/31/16			None								$	0
				Total Sale of Assets								$	0
	12/31/16			None								$	0
				Total DIP Financing / Advances								$	0
	12/31/16			None								$	0
				Total Other Receipts								$	0
								Total Cash Receipts				$	0	(1)

 

(1)  Total for all accounts should agree with total cash receipts listed on Form 2-B, page 1

Page 2 of 3

 

 

DEBTOR:

Dakota Plains Transloading, LLC

CASE NO:

16-43712

Form 2-B

CASH RECEIPTS AND DISBURSEMENTS STATEMENT

For Period:

12/20/16

to

12/31/16

CASH DISBURSEMENTS DETAIL

Account: N/A

(attach additional sheets as necessary)

	Date		Check No.		Payee				Description (Purpose)							Amount
	12/31/16				None											0
					Total Operations Cash Disbursements										$	0
	12/31/16				None										$	0
					Total DIP Financing Payments										$	0
	12/31/16				None										$	0
					Total Professional Fees / U.S. Trustee Fees										$	0
	12/31/16				None											0
					Total Other Cash Disbursements										$	0
									Total Cash Disbursements						$	0	(1)

 

(1)  Total for all accounts should agree with total cash disbursements listed on Form 2-B, page 1

Page 3 of 3

 

 

DEBTOR:

Dakota Plains Transloading, LLC

CASE NO:

16-43712

Form 2-C

COMPARATIVE BALANCE SHEET

For Period Ended:

12/31/16

														Current			Petition
ASSETS														Month			Date (1)
Current Assets:
	Cash (from Form 2-B, line 5)												$	0		$	0
	Accounts Receivable (from Form 2-E)													0			0
	Receivable from Officers, Employees, Affiliates													0			0
	Inventory													0			0
	Other Current Assets :(List)													0			0
														0			0
		Total Current Assets											$	0		$	0
Fixed Assets:
	Land												$	0		$	0
	Building													0			0
	Equipment, Furniture and Fixtures													0			0
		Total Fixed Assets												0			0
	Less:  Accumulated Depreciation												(	0	)	(	0	)
		Net Fixed Assets											$	0		$	0
	Other Assets (List):													0			0
														0			0
		TOTAL ASSETS											$	0		$	0
LIABILITIES
	Post-petition Accounts Payable (from Form 2-E)												$	0		$	0
	Post-petition Accrued Profesional Fees (from Form 2-E)													0			0
	Post-petition Taxes Payable (from Form 2-E)													0			0
	Post-petition Notes Payable													0			0
	Other Post-petition Payable(List):													0			0
														0			0
		Total Post Petition Liabilities											$	0		$	0
Pre Petition Liabilities:
	Secured Debt - Western Petroleum Company													0			0
	Unsecured Debt													0			0
		Total Pre Petition Liabilities											$	0		$	0
		TOTAL LIABILITIES											$	0		$	0
OWNERS' EQUITY
	Owner's/Stockholder's Equity												$	0		$	0
	Retained Earnings - Prepetition													0			0
	Retained Earnings - Post-petition													0			0
		TOTAL OWNERS' EQUITY											$	0		$	0
		TOTAL LIABILITIES AND OWNERS' EQUITY											$	0		$	0

 

(1)  Petition date values are taken from the Debtor's balance sheet as of the petition date or are the values

Page 1 of 1

listed on the Debtor's schedules.

 

 

DEBTOR:

Dakota Plains Transloading, LLC

CASE NO:

16-43712

Form 2-D

PROFIT AND LOSS STATEMENT

For Period:

12/20/16

to

12/31/16

 

											Current						Accumulated
											Month						Total (1)
Gross Operating Revenue										$	0					$	0
Less:  Discounts, Returns and Allowances										(	0	)				(	0	)
		Net Operating Revenue								$	0					$	0
Cost of Goods Sold											0						0
		Gross Profit								$	0					$	0
Operating Expenses
	Officer Compensation									$	0					$	0
	Selling, General and Administrative										0						0
	Rents and Leases										0						0
	Depreciation, Depletion and Amortization										0						0
	Other (list):										0						0
											0						0
	Total Operating Expenses									$	0					$	0
		Operating Income (Loss)								$	0					$	0
Non-Operating Income and Expenses
	Other Non-Operating Expenses									$	0					$	0
	Gains (Losses) on Sale of Assets										0						0
	Interest Income										0						0
	Interest Expense										0						0
	Other Non-Operating Income										0						0
	Net Non-Operating Income or (Expenses)									$	0					$	0
Reorganization Expenses
	Legal and Professional Fees									$	0					$	0
	Other Reorganization Expense										0						0
	Total Reorganization Expenses									$	0					$	0
		Net Income (Loss) Before Income Taxes								$	0					$	0
Federal and State Income Tax Expense (Benefit)											0						0
		NET INCOME (LOSS)								$	0					$	0

 

(1)  Accumulated Totals include all revenue and expenses since the petition date.

Page 1 of 1

 

 

DEBTOR:

Dakota Plains Transloading, LLC

CASE NO:

16-43712

Form 2-E

SUPPORTING SCHEDULES

For Period:

12/20/16

to

12/31/16

POST PETITION TAXES PAYABLE SCHEDULE

 

					Beginning		Amount		Amount		Date		Check		Ending
					Balance (1)		Accrued		Paid		Paid		Number		Balance
Income Tax Withheld:
	Federal			$	0	$	0	$	0					$	0
	State				0		0		0						0
FICA Tax Withheld					0		0		0						0
Employer's FICA Tax					0		0		0						0
Unemployment Tax
	Federal				0		0		0						0
	State				0		0		0						0
Sales, Use &
	Excise Taxes				0		0		0						0
Property Taxes					0		0		0						0
Accrued Income Tax:
	Federal				0		0		0						0
	State				0		0		0						0
	Other:				0		0		0						0
TOTALS				$	0	$	0	$	0					$	0

 

(1)  For first report, Beginning Balance will be $0; thereafter, Beginning Balance will be Ending Balance from prior report.

INSURANCE SCHEDULE

Premium

Carrier

Amount of

Expiration

Paid

Coverage

Date

Through

Workers' Compensation

Various

$

12,500,000

3/23/17

1/31/17

General Liability

Various

$

50,000,000

7/30/17

1/31/17

Property (Fire, Theft)

Various

$

46,413,035

12/10/17

1/31/17

Vehicle

Security National

$

1,000,000

12/10/17

1/31/17

Pollution

Berkley-Nautilus

$

10,000,000

5/11/17

1/31/17

D&O

Various

$

20,000,000

9/19/19

9/19/19

Page 1 of 2

 

 

DEBTOR:

Dakota Plains Transloading, LLC

CASE NO:

16-43712

Form 2-E

SUPPORTING SCHEDULES

For Period:

12/20/16

to

12/31/16

ACCOUNTS RECEIVABLE AND POST PETITION PAYABLE AGING

											Accounts				Post Petition
Due											Receivable				Accounts Payable
Under 30 days										$	0			$	0
30 to 60 days											0				0
61 to 90 days											0				0
91 to 120 days											0				0
Over 120 days											0				0
Total Post Petition											0
Pre Petition Amounts											0
Total Accounts Receivable										$	0
Less:  Bad Debt Reserve											0
Net Accounts Receivable (to Form 2-C)										$	0
											Total Post Petition
											Accounts Payable			$	0

 

* Attach a detail listing of accounts receivable and post-petition accounts payable

SCHEDULE OF PAYMENTS TO ATTORNEYS AND OTHER PROFESSIONALS

					Month-end		Current		Paid in
					Retainer		Month's		Current		Date of				Month-end
					Balance		Accrual		Month		Court Approval				Balance Due *
Debtor's Counsel				$	0	$	0	$	0					$	0
Senior Secured Lender
	Counsel				0		0		0						0
Counsel for Unsecured
	Creditors' Committee				0		0		0						0
Trustee's Counsel					0		0		0						0
Accountant					0		0		0						0
Other:					0		0		0						0
Total				$	0	$	0	$	0					$	0
*Balance due to include fees and expenses incurred but not yet paid.

SCHEDULE OF PAYMENTS AND TRANSFERS TO PRINCIPALS/EXECUTIVES**

Payee Name

Position

Nature of Payment

Amount

$

 

**List payments and transfers of any kind and in any form made to or for the benefit of any proprietor, owner,

partner, shareholder, officer or director.

Page 2 of 2

 

 

DEBTOR:			Dakota Plains Transloading, LLC						CASE NO:		16-43712
Form 2-F
QUARTERLY FEE SUMMARY *
					For the Month Ended:		12/31/16

 

					Cash		Quarterly				Date
Month		Year			Disbursements **		Fee Due		Check No.		Paid
January		2016		$	0
February		2016			0
March		2016			0
	TOTAL 1st Quarter			$	0	$
April		2016		$	0
May		2016			0
June		2016			0
	TOTAL 2nd Quarter			$	0	$
July		2016		$	0
August		2016			0
September		2016			0
	TOTAL 3rd Quarter			$	0	$
October		2016		$	0
November		2016			0
December		2016			0
	TOTAL 4th Quarter			$	0	$	325		1762		1/20/17

 

FEE SCHEDULE
Quarterly Disbursements				Fee			Quarterly Disbursements				Fee
$0 to $14,999				$325			$1,000,000 to $1,999,999				$6,500
$15,000 to $74,999				$650			$2,000,000 to $2,999,999				$9,750
$75,000 to $149,999				$975			$3,000,000 to $4,999,999				$10,400
$150,000 to $224,999				$1,625			$5,000,000 to $14,999,999				$13,000
$225,000 to $299,999				$1,950			$15,000,000 to $29,999,999				$20,000
$300,000 to $999,999				$4,875			$30,000,000 or more				$30,000

 

*	This summary is to reflect the current calendar year's information cumulative to the end of the reporting period
**	Should agree with line 3, Form 2-B.  Disbursements are net of transfers to other debtor in possession bank accounts

  

Failure to pay the quarterly fee is cause for conversion or dismissal of the chapter 11 case. [11 U.S.C. Sec. 1112(b)(10)]

 

											Page 1 of 1

 

 

DEBTOR:	Dakota Plains Transloading, LLC						CASE NO:	16-43712
Form 2-G
NARRATIVE
				For Period Ending		12/31/16
Please provide a brief description of any significant business and legal actions taken by the debtor, its creditors, or the court during the reporting period, any unusual or non-recurring accounting transactions that are reported in the financial statements, and any significant changes in the financial condition of the debtor which have occurred subsequent to the report date.

 

Dakota Plains Transloading, LLC is a wholly-owned, subsidiary of Dakota Plains Holdings, Inc. (the "Parent Company").  The results of operations for periods beginning after the December 20, 2016 petition date are reported on a consolidation basis with those of the Parent Company.  There were no significant business or legal actions taken by the debtor, its creditors, or the court during the reporting period. There are no significant changes in the financial condition of the debtor which have ocurred subsequent to the report date. There were no unusual or non-recurring accounting transactions that are reported in the financial statements.

 

Page 1 of 1

 

 

DEBTOR:

Dakota Plains Sand, LLC

MONTHLY OPERATING REPORT

CHAPTER 11

CASE NUMBER:

16-43715

Form 2-A

COVER SHEET

For Period Ending 12/31/16

Accounting Method:

X

Accrual Basis

Cash Basis

THIS REPORT IS DUE 21 DAYS AFTER THE END OF THE MONTH

Debtor must attach each of the following reports/documents unless the U. S. Trustee

Mark One Box for Each

has waived the requirement in writing.  Submit the original Monthly Operating Report

Required Document:

bearing an original signature, to the U. S. Trustee.  A copy of the Report must be

filed with the Clerk of Court.  11 U.S.C. § 704(8)

Report/Document

Previously

Attached

Waived

REQUIRED REPORTS/DOCUMENTS

X

1.

Cash Receipts and Disbursements Statement (Form 2-B)

X

2.

Balance Sheet (Form 2-C)

X

3.

Profit and Loss Statement (Form 2-D)

X

4.

Supporting Schedules (Form 2-E)

X

5.

Quarterly Fee Summary (Form 2-F)

X

6.

Narrative (Form 2-G)

N/A

7.

Bank Statements for All Bank Accounts

N/A

8.

Bank Statement Reconciliations for all Bank Accounts

I declare under penalty of perjury that the following Monthly Operating Report, and any attachments thereto are true, accurate and correct to the best of my knowledge and belief.

Executed on:

1/20/17

Print Name:

Martin J Beskow

Signature:

Title:

Chief Financial Officer

  

 

DEBTOR:    Dakota Plains Sand, LLC													CASE NO:			16-43715
	Form 2-B
	CASH RECEIPTS AND DISBURSEMENTS STATEMENT
									For Period:		12/20/16	to	12/31/16
CASH FLOW SUMMARY													Current
													Month			Accumulated
1.	Beginning Cash Balance											$	0	(1)	$	0	(1)
2.	Cash Receipts
		Operations											0			0
		Sale of Assets											0			0
		DIP Financing / Advances											0			0
		Other											0			0
		Total Cash Receipts										$	0		$	0
3.	Cash Disbursements
		Operations											0			0
		DIP Financing Payments											0			0
		Professional Fees / U.S. Trustee Fees											0			0
		Other											0			0
		Total Cash Disbursements										$	0		$	0
4.	Net Cash Flow (Total Cash Receipts less
		Total Cash Disbursements)											0			0
5	Ending Cash Balance (to Form 2-C)											$	0	(2)	$	0	(2)
CASH BALANCE SUMMARY																Book
										Financial Institution						Balance
	Petty Cash											N/A			$	0
	DIP Operating Account											N/A				0
	DIP State Tax Account											N/A				0
	DIP Payroll Account											N/A				0
	Other Operating Account											N/A				0
	Other Interest-bearing Account											N/A				0
	TOTAL (must agree with Ending Cash Balance above)														$	0	(2)
(1)  Accumulated beginning cash balance is the cash available at the commencement of the case.
Current month beginning cash balance should equal the previous month's ending balance.																	Page 1 of 3
(2)  All cash balances should be the same.

 

 

 

DEBTOR:     Dakota Plains Sand, LLC										CASE NO:			16-43715
	Form 2-B
	CASH RECEIPTS AND DISBURSEMENTS STATEMENT
						For Period:		12/20/16	to	12/31/16
CASH RECEIPTS DETAIL							Account: N/A
(attach additional sheets as necessary)
	Date			Payer				Description					Amount
	12/31/16			None								$	0
				Total Operations Cash Receipts								$	0
	12/31/16			None								$	0
				Total Sale of Assets								$	0
	12/31/16			None								$	0
				Total DIP Financing / Advances								$	0
	12/31/16			None								$	0
				Total Other Receipts								$	0
								Total Cash Receipts				$	0	(1)
(1)  Total for all accounts should agree with total cash receipts listed on Form 2-B, page 1													Page 2 of 3

 

 

 

DEBTOR:    Dakota Plains Sand, LLC

CASE NO:

16-43715

Form 2-B

CASH RECEIPTS AND DISBURSEMENTS STATEMENT

For Period:

12/20/16

to

12/31/16

CASH DISBURSEMENTS DETAIL

Account: N/A

(attach additional sheets as necessary)

Date

Check No.

Payee

Description (Purpose)

Amount

12/31/16

None

0

Total Operations Cash Disbursements

$

0

12/31/16

None

$

0

Total DIP Financing Payments

$

0

12/31/16

None

$

0

Total Professional Fees / U.S. Trustee Fees

$

0

12/31/16

None

0

Total Other Cash Disbursements

$

0

Total Cash Disbursements

$

0

(1)

(1)  Total for all accounts should agree with total cash disbursements listed on Form 2-B, page 1

Page 3 of 3

 

 

DEBTOR:      Dakota Plains Sand, LLC													CASE NO:				16-43715
Form 2-C
COMPARATIVE BALANCE SHEET
						For Period Ended:				12/31/16
														Current			Petition
ASSETS														Month			Date (1)
Current Assets:
	Cash (from Form 2-B, line 5)												$	0		$	0
	Accounts Receivable (from Form 2-E)													0			0
	Receivable from Officers, Employees, Affiliates													0			0
	Inventory													0			0
	Other Current Assets :(List)													0			0
														0			0
		Total Current Assets											$	0		$	0
Fixed Assets:
	Land												$	0		$	0
	Building													0			0
	Equipment, Furniture and Fixtures													0			0
		Total Fixed Assets												0			0
	Less:  Accumulated Depreciation												(	0	)	(	0	)
		Net Fixed Assets											$	0		$	0
	Other Assets (List):													0			0
														0			0
		TOTAL ASSETS											$	0		$	0
LIABILITIES
	Post-petition Accounts Payable (from Form 2-E)												$	0		$	0
	Post-petition Accrued Profesional Fees (from Form 2-E)													0			0
	Post-petition Taxes Payable (from Form 2-E)													0			0
	Post-petition Notes Payable													0			0
	Other Post-petition Payable(List):													0			0
														0			0
		Total Post Petition Liabilities											$	0		$	0
Pre Petition Liabilities:
	Secured Debt - Western Petroleum Company													0			0
	Unsecured Debt													0			0
		Total Pre Petition Liabilities											$	0		$	0
		TOTAL LIABILITIES											$	0		$	0
OWNERS' EQUITY
	Owner's/Stockholder's Equity												$	0		$	0
	Retained Earnings - Prepetition													0			0
	Retained Earnings - Post-petition													0			0
		TOTAL OWNERS' EQUITY											$	0		$	0
		TOTAL LIABILITIES AND OWNERS' EQUITY											$	0		$	0
(1)  Petition date values are taken from the Debtor's balance sheet as of the petition date or are the values																	Page 1 of 1
listed on the Debtor's schedules.

 

 

DEBTOR:      Dakota Plains Sand, LLC													CASE NO:				16-43715
Form 2-D
PROFIT AND LOSS STATEMENT
							For Period:		12/20/16	to	12/31/16
											Current						Accumulated
											Month						Total (1)
Gross Operating Revenue										$	0					$	0
Less:  Discounts, Returns and Allowances										(	0	)				(	0	)
		Net Operating Revenue								$	0					$	0
Cost of Goods Sold											0						0
		Gross Profit								$	0					$	0
Operating Expenses
	Officer Compensation									$	0					$	0
	Selling, General and Administrative										0						0
	Rents and Leases										0						0
	Depreciation, Depletion and Amortization										0						0
	Other (list):										0						0
											0						0
	Total Operating Expenses									$	0					$	0
		Operating Income (Loss)								$	0					$	0
Non-Operating Income and Expenses
	Other Non-Operating Expenses									$	0					$	0
	Gains (Losses) on Sale of Assets										0						0
	Interest Income										0						0
	Interest Expense										0						0
	Other Non-Operating Income										0						0
	Net Non-Operating Income or (Expenses)									$	0					$	0
Reorganization Expenses
	Legal and Professional Fees									$	0					$	0
	Other Reorganization Expense										0						0
	Total Reorganization Expenses									$	0					$	0
		Net Income (Loss) Before Income Taxes								$	0					$	0
Federal and State Income Tax Expense (Benefit)											0						0
		NET INCOME (LOSS)								$	0					$	0
(1)  Accumulated Totals include all revenue and expenses since the petition date.
																	Page 1 of 1

 

 

DEBTOR:     Dakota Plains Sand, LLC													CASE NO:		16-43715
Form 2-E
SUPPORTING SCHEDULES
							For Period:		12/20/16	to	12/31/16
	POST PETITION TAXES PAYABLE SCHEDULE
					Beginning		Amount		Amount		Date		Check		Ending
					Balance (1)		Accrued		Paid		Paid		Number		Balance
Income Tax Withheld:
	Federal			$	0	$	0	$	0					$	0
	State				0		0		0						0
FICA Tax Withheld					0		0		0						0
Employer's FICA Tax					0		0		0						0
Unemployment Tax
	Federal				0		0		0						0
	State				0		0		0						0
Sales, Use &
	Excise Taxes				0		0		0						0
Property Taxes					0		0		0						0
Accrued Income Tax:
	Federal				0		0		0						0
	State				0		0		0						0
	Other:				0		0		0						0
TOTALS				$	0	$	0	$	0					$	0
(1)  For first report, Beginning Balance will be $0; thereafter, Beginning Balance will be Ending Balance from prior report.
	INSURANCE SCHEDULE
															Premium
					Carrier						Amount of		Expiration		Paid
											Coverage		Date		Through
Workers' Compensation							Various			$	12,500,000		3/23/17		1/31/17
General Liability							Various			$	50,000,000		7/30/17		1/31/17
Property (Fire, Theft)							Various			$	46,413,035		12/10/17		1/31/17
Vehicle							Security National			$	1,000,000		12/10/17		1/31/17
Pollution							Berkley-Nautilus			$	10,000,000		5/11/17		1/31/17
D&O							Various			$	20,000,000		9/19/19		9/19/19
															Page 1 of 2

 

 

DEBTOR:			Dakota Plains Sand, LLC								CASE NO:				16-43715
Form 2-E
SUPPORTING SCHEDULES
							For Period:		12/20/16	to	12/31/16
ACCOUNTS RECEIVABLE AND POST PETITION PAYABLE AGING
											Accounts				Post Petition
Due											Receivable				Accounts Payable
Under 30 days										$	0			$	0
30 to 60 days											0				0
61 to 90 days											0				0
91 to 120 days											0				0
Over 120 days											0				0
Total Post Petition											0
Pre Petition Amounts											0
Total Accounts Receivable										$	0
Less:  Bad Debt Reserve											0
Net Accounts Receivable (to Form 2-C)										$	0
											Total Post Petition
											Accounts Payable			$	0
* Attach a detail listing of accounts receivable and post-petition accounts payable
SCHEDULE OF PAYMENTS TO ATTORNEYS AND OTHER PROFESSIONALS
					Month-end		Current		Paid in
					Retainer		Month's		Current		Date of				Month-end
					Balance		Accrual		Month		Court Approval				Balance Due *
Debtor's Counsel				$	0	$	0	$	0					$	0
Senior Secured Lender
Counsel					0		0		0						0
Counsel for Unsecured
Creditors' Committee					0		0		0						0
Trustee's Counsel					0		0		0						0
Accountant					0		0		0						0
Other:					0		0		0						0
Total				$	0	$	0	$	0					$	0
*Balance due to include fees and expenses incurred but not yet paid.
SCHEDULE OF PAYMENTS AND TRANSFERS TO PRINCIPALS/EXECUTIVES**
Payee Name					Position				Nature of Payment					Amount
														$
**List payments and transfers of any kind and in any form made to or for the benefit of any proprietor, owner,
partner, shareholder, officer or director.															Page 2 of 2

 

 

DEBTOR:      Dakota Plains Sand, LLC									CASE NO:		16-43715
Form 2-F
QUARTERLY FEE SUMMARY *
					For the Month Ended:		12/31/16
					Cash		Quarterly				Date
Month		Year			Disbursements **		Fee Due		Check No.		Paid
January		2016		$	0
February		2016			0
March		2016			0
TOTAL 1st Quarter				$	0	$
April		2016		$	0
May		2016			0
June		2016			0
TOTAL 2nd Quarter				$	0	$
July		2016		$	0
August		2016			0
September		2016			0
TOTAL 3rd Quarter				$	0	$
October		2016		$	0
November		2016			0
December		2016			0
TOTAL 4th Quarter				$	0	$	325		1763		1/20/17
FEE SCHEDULE
Quarterly Disbursements				Fee			Quarterly Disbursements				Fee
$0 to $14,999				$325			$1,000,000 to $1,999,999				$6,500
$15,000 to $74,999				$650			$2,000,000 to $2,999,999				$9,750
$75,000 to $149,999				$975			$3,000,000 to $4,999,999				$10,400
$150,000 to $224,999				$1,625			$5,000,000 to $14,999,999				$13,000
$225,000 to $299,999				$1,950			$15,000,000 to $29,999,999				$20,000
$300,000 to $999,999				$4,875			$30,000,000 or more				$30,000
*	This summary is to reflect the current calendar year's information cumulative to the end of the reporting period
**	Should agree with line 3, Form 2-B.  Disbursements are net of transfers to other debtor in possession bank accounts
Failure to pay the quarterly fee is cause for conversion or dismissal of the chapter 11 case. [11 U.S.C. Sec. 1112(b)(10)]
											Page 1 of 1

 

 

DEBTOR:	Dakota Plains Sand, LLC						CASE NO: 16-43715
				Form 2-G
				NARRATIVE
				For Period Ending		12/31/16
Please provide a brief description of any significant business and legal actions taken by the debtor, its creditors, or the court during the reporting period, any unusual or non-recurring accounting transactions that are reported in the financial statements, and any significant changes in the financial condition of the debtor which have occurred subsequent to the report date.
Dakota Plains Sand, LLC is a wholly-owned, subsidiary of Dakota Plains Holdings, Inc. (the "Parent Company").  The results of operations for periods beginning after the December 20, 2016 petition date are reported on a consolidation basis with those of the Parent Company.  There were no significant business or legal actions taken by the debtor, its creditors, or the court during the reporting period. There are no significant changes in the financial condition of the debtor which have ocurred subsequent to the report date. There were no unusual or non-recurring accounting transactions that are reported in the financial statements.
									Page 1 of 1

 

 

DEBTOR:

Dakota Plains Marketing, LLC

MONTHLY OPERATING REPORT

CHAPTER 11

CASE NUMBER:

16-43716

Form 2-A

COVER SHEET

For Period Ending 12/31/16

Accounting Method:

X

Accrual Basis

Cash Basis

THIS REPORT IS DUE 21 DAYS AFTER THE END OF THE MONTH

Debtor must attach each of the following reports/documents unless the U. S. Trustee

Mark One Box for Each

has waived the requirement in writing.  Submit the original Monthly Operating Report

Required Document:

bearing an original signature, to the U. S. Trustee.  A copy of the Report must be

filed with the Clerk of Court.  11 U.S.C. § 704(8)

Report/Document

Previously

Attached

Waived

REQUIRED REPORTS/DOCUMENTS

X

1.

Cash Receipts and Disbursements Statement (Form 2-B)

X

2.

Balance Sheet (Form 2-C)

X

3.

Profit and Loss Statement (Form 2-D)

X

4.

Supporting Schedules (Form 2-E)

X

5.

Quarterly Fee Summary (Form 2-F)

X

6.

Narrative (Form 2-G)

N/A

7.

Bank Statements for All Bank Accounts

N/A

8.

Bank Statement Reconciliations for all Bank Accounts

I declare under penalty of perjury that the following Monthly Operating Report, and any attachments thereto are true, accurate and correct to the best of my knowledge and belief.

Executed on:

1/20/17

Print Name:

Martin J Beskow

Signature:

Title:

Chief Financial Officer

 

 

DEBTOR:			Dakota Plains Marketing, LLC										CASE NO:			16-43716
	Form 2-B
	CASH RECEIPTS AND DISBURSEMENTS STATEMENT
									For Period:		12/20/16	to	12/31/16
CASH FLOW SUMMARY													Current
													Month			Accumulated
1.	Beginning Cash Balance											$	0	(1)	$	0	(1)
2.	Cash Receipts
		Operations											0			0
		Sale of Assets											0			0
		DIP Financing / Advances											0			0
		Other											0			0
		Total Cash Receipts										$	0		$	0
3.	Cash Disbursements
		Operations											0			0
		DIP Financing Payments											0			0
		Professional Fees / U.S. Trustee Fees											0			0
		Other											0			0
		Total Cash Disbursements										$	0		$	0
4.	Net Cash Flow (Total Cash Receipts less
		Total Cash Disbursements)											0			0
5	Ending Cash Balance (to Form 2-C)											$	0	(2)	$	0	(2)
CASH BALANCE SUMMARY																Book
										Financial Institution						Balance
	Petty Cash											N/A			$	0
	DIP Operating Account											N/A				0
	DIP State Tax Account											N/A				0
	DIP Payroll Account											N/A				0
	Other Operating Account											N/A				0
	Other Interest-bearing Account											N/A				0
	TOTAL (must agree with Ending Cash Balance above)														$	0	(2)
(1)  Accumulated beginning cash balance is the cash available at the commencement of the case.
Current month beginning cash balance should equal the previous month's ending balance.																	Page 1 of 3
(2)  All cash balances should be the same.

 

 

DEBTOR:

Dakota Plains Marketing, LLC

CASE NO:

16-43716

Form 2-B

CASH RECEIPTS AND DISBURSEMENTS STATEMENT

For Period:

12/20/16

to

12/31/16

CASH RECEIPTS DETAIL

Account: N/A

(attach additional sheets as necessary)

Date

Payer

Description

Amount

12/31/16

None

$

0

Total Operations Cash Receipts

$

0

12/31/16

None

$

0

Total Sale of Assets

$

0

12/31/16

None

$

0

Total DIP Financing / Advances

$

0

12/31/16

None

$

0

Total Other Receipts

$

0

Total Cash Receipts

$

0

(1)

(1)  Total for all accounts should agree with total cash receipts listed on Form 2-B, page 1

Page 2 of 3

 

 

DEBTOR:

Dakota Plains Marketing, LLC

CASE NO:

16-43716

Form 2-B

CASH RECEIPTS AND DISBURSEMENTS STATEMENT

For Period:

12/20/16

to

12/31/16

CASH DISBURSEMENTS DETAIL

Account: N/A

(attach additional sheets as necessary)

Date

Check No.

Payee

Description (Purpose)

Amount

12/31/16

None

0

Total Operations Cash Disbursements

$

0

12/31/16

None

$

0

Total DIP Financing Payments

$

0

12/31/16

None

$

0

Total Professional Fees / U.S. Trustee Fees

$

0

12/31/16

None

0

Total Other Cash Disbursements

$

0

Total Cash Disbursements

$

0

(1)

(1)  Total for all accounts should agree with total cash disbursements listed on Form 2-B, page 1

Page 3 of 3

 

 

DEBTOR:			Dakota Plains Marketing, LLC										CASE NO:				16-43716
Form 2-C
COMPARATIVE BALANCE SHEET
						For Period Ended:				12/31/16
														Current			Petition
ASSETS														Month			Date (1)
Current Assets:
	Cash (from Form 2-B, line 5)												$	0		$	0
	Accounts Receivable (from Form 2-E)													0			0
	Receivable from Officers, Employees, Affiliates													0			0
	Inventory													0			0
	Other Current Assets :(List)													0			0
														0			0
		Total Current Assets											$	0		$	0
Fixed Assets:
	Land												$	0		$	0
	Building													0			0
	Equipment, Furniture and Fixtures													0			0
		Total Fixed Assets												0			0
	Less:  Accumulated Depreciation												(	0	)	(	0	)
		Net Fixed Assets											$	0		$	0
	Other Assets (List):													0			0
														0			0
		TOTAL ASSETS											$	0		$	0
LIABILITIES
	Post-petition Accounts Payable (from Form 2-E)												$	0		$	0
	Post-petition Accrued Profesional Fees (from Form 2-E)													0			0
	Post-petition Taxes Payable (from Form 2-E)													0			0
	Post-petition Notes Payable													0			0
	Other Post-petition Payable(List):													0			0
														0			0
		TOTAL LIABILITIES AND OWNERS' EQUITY											$	0		$	0
(1)  Petition date values are taken from the Debtor's balance sheet as of the petition date or are the values																	Page 1 of 1
listed on the Debtor's schedules.

 

 

DEBTOR:				Dakota Plains Marketing, LLC									CASE NO:				16-43716
Form 2-D
PROFIT AND LOSS STATEMENT
							For Period:		12/20/16	to	12/31/16
											Current						Accumulated
											Month						Total (1)
Gross Operating Revenue										$	0					$	0
Less:  Discounts, Returns and Allowances										(	0	)				(	0	)
		Net Operating Revenue								$	0					$	0
Cost of Goods Sold											0						0
		Gross Profit								$	0					$	0
Operating Expenses
	Officer Compensation									$	0					$	0
	Selling, General and Administrative										0						0
	Rents and Leases										0						0
	Depreciation, Depletion and Amortization										0						0
	Other (list):										0						0
											0						0
	Total Operating Expenses									$	0					$	0
		Operating Income (Loss)								$	0					$	0
Non-Operating Income and Expenses
	Other Non-Operating Expenses									$	0					$	0
	Gains (Losses) on Sale of Assets										0						0
	Interest Income										0						0
	Interest Expense										0						0
	Other Non-Operating Income										0						0
	Net Non-Operating Income or (Expenses)									$	0					$	0
Reorganization Expenses
	Legal and Professional Fees									$	0					$	0
	Other Reorganization Expense										0						0
	Total Recorganization Expenses									$	0					$	0

 

 

DEBTOR:			Dakota Plains Marketing, LLC										CASE NO:		16-43716
Form 2-E
SUPPORTING SCHEDULES
							For Period:		12/20/16	to	12/31/16
	POST PETITION TAXES PAYABLE SCHEDULE
					Beginning		Amount		Amount		Date		Check		Ending
					Balance (1)		Accrued		Paid		Paid		Number		Balance
Income Tax Withheld:
	Federal			$	0	$	0	$	0					$	0
	State				0		0		0						0
FICA Tax Withheld					0		0		0						0
Employer's FICA Tax					0		0		0						0
Unemployment Tax
	Federal				0		0		0						0
	State				0		0		0						0
Sales, Use &
	Excise Taxes				0		0		0						0
Property Taxes					0		0		0						0
Accrued Income Tax:
	Federal				0		0		0						0
	State				0		0		0						0
	Other:				0		0		0						0
TOTALS				$	0	$	0	$	0					$	0
(1)  For first report, Beginning Balance will be $0; thereafter, Beginning Balance will be Ending Balance from prior report.
	INSURANCE SCHEDULE
															Premium
					Carrier						Amount of		Expiration		Paid
											Coverage		Date		Through
Workers' Compensation							Various			$	12,500,000		3/23/17		1/31/17
General Liability							Various			$	50,000,000		7/30/17		1/31/17
Property (Fire, Theft)							Various			$	46,413,035		12/10/17		1/31/17
Vehicle							Security National			$	1,000,000		12/10/17		1/31/17
Pollution							Berkley-Nautilus			$	10,000,000		5/11/17		1/31/17
D&O							Various			$	20,000,000		9/19/19		9/19/19
															Page 1 of 2

 

 

DEBTOR:			Dakota Plains Marketing, LLC								CASE NO:				16-43716
Form 2-E
SUPPORTING SCHEDULES
							For Period:		12/20/16	to	12/31/16
ACCOUNTS RECEIVABLE AND POST PETITION PAYABLE AGING
											Accounts				Post Petition
Due											Receivable				Accounts Payable
Under 30 days										$	0			$	0
30 to 60 days											0				0
61 to 90 days											0				0
91 to 120 days											0				0
Over 120 days											0				0
Total Post Petition											0
Pre Petition Amounts											0
Total Accounts Receivable										$	0
Less:  Bad Debt Reserve											0
Net Accounts Receivable (to Form 2-C)										$	0
											Total Post Petition
											Accounts Payable			$	0
* Attach a detail listing of accounts receivable and post-petition accounts payable
SCHEDULE OF PAYMENTS TO ATTORNEYS AND OTHER PROFESSIONALS
					Month-end		Current		Paid in
					Retainer		Month's		Current		Date of				Month-end
					Balance		Accrual		Month		Court Approval				Balance Due *
Debtor's Counsel				$	0	$	0	$	0					$	0
Senior Secured Lender
	Counsel				0		0		0						0
Counsel for Unsecured
	Creditors' Committee				0		0		0						0
Trustee's Counsel					0		0		0						0
Accountant					0		0		0						0
Other:					0		0		0						0
Total				$	0	$	0	$	0					$	0
*Balance due to include fees and expenses incurred but not yet paid.
SCHEDULE OF PAYMENTS AND TRANSFERS TO PRINCIPALS/EXECUTIVES**
Payee Name					Position				Nature of Payment					Amount
														$
**List payments and transfers of any kind and in any form made to or for the benefit of any proprietor, owner,
partner, shareholder, officer or director.															Page 2 of 2

 

 

DEBTOR:		Dakota Plains Marketing, LLC							CASE NO:		16-43716
Form 2-F
QUARTERLY FEE SUMMARY *
					For the Month Ended:		12/31/16
					Cash		Quarterly				Date
Month		Year			Disbursements **		Fee Due		Check No.		Paid
January		2016		$	0
February		2016			0
March		2016			0
	TOTAL 1st Quarter			$	0	$
April		2016		$	0
May		2016			0
June		2016			0
	TOTAL 2nd Quarter			$	0	$
July		2016		$	0
August		2016			0
September		2016			0
	TOTAL 3rd Quarter			$	0	$
October		2016		$	0
November		2016			0
December		2016			0
	TOTAL 4th Quarter			$	0	$	325		1764		1/20/17
FEE SCHEDULE
Quarterly Disbursements				Fee			Quarterly Disbursements				Fee
$0 to $14,999				$325			$1,000,000 to $1,999,999				$6,500
$15,000 to $74,999				$650			$2,000,000 to $2,999,999				$9,750
$75,000 to $149,999				$975			$3,000,000 to $4,999,999				$10,400
$150,000 to $224,999				$1,625			$5,000,000 to $14,999,999				$13,000
$225,000 to $299,999				$1,950			$15,000,000 to $29,999,999				$20,000
$300,000 to $999,999				$4,875			$30,000,000 or more				$30,000
*	This summary is to reflect the current calendar year's information cumulative to the end of the reporting period
**	Should agree with line 3, Form 2-B.  Disbursements are net of transfers to other debtor in possession bank accounts
Failure to pay the quarterly fee is cause for conversion or dismissal of the chapter 11 case. [11 U.S.C. Sec. 1112(b)(10)]
											Page 1 of 1

 

 

	DEBTOR:	Dakota Plains Marketing, LLC						CASE NO:	16-43716
Form 2-G
NARRATIVE
					For Period Ending		12/31/16
	Please provide a brief description of any significant business and legal actions taken by the debtor, its creditors, or the court during the reporting period, any unusual or non-recurring accounting transactions that are reported in the financial statements, and any significant changes in the financial condition of the debtor which have occurred subsequent to the report date.
	Dakota Plains Marketing, LLC is a wholly-owned, subsidiary of Dakota Plains Holdings, Inc. (the "Parent Company").  The results of operations for periods beginning after the December 20, 2016 petition date are reported on a consolidation basis with those of the Parent Company.  There were no significant business or legal actions taken by the debtor, its creditors, or the court during the reporting period. There are no significant changes in the financial condition of the debtor which have ocurred subsequent to the report date. There were no unusual or non-recurring accounting transactions that are reported in the financial statements.
										Page 1 of 1