PREMIER EXHIBITIONS, INC. - FORM 8-K - EX-99.5 - EXHIBIT 99.5

Attached files

file	filename
EX-99.8 - EXHIBIT 99.8 - PREMIER EXHIBITIONS, INC.	exh_998.htm
EX-99.7 - EXHIBIT 99.7 - PREMIER EXHIBITIONS, INC.	exh_997.htm
EX-99.6 - EXHIBIT 99.6 - PREMIER EXHIBITIONS, INC.	exh_996.htm
EX-99.4 - EXHIBIT 99.4 - PREMIER EXHIBITIONS, INC.	exh_994.htm
EX-99.3 - EXHIBIT 99.3 - PREMIER EXHIBITIONS, INC.	exh_993.htm
EX-99.2 - EXHIBIT 99.2 - PREMIER EXHIBITIONS, INC.	exh_992.htm
EX-99.1 - EXHIBIT 99.1 - PREMIER EXHIBITIONS, INC.	exh_991.htm
8-K - FORM 8-K - PREMIER EXHIBITIONS, INC.	f8k_092418.htm

Exhibit 99.5

			UNITED STATES BANKRUPTCY COURT
			MIDDLE DISTRICT OF FLORIDA
			JACKSONVILLE DIVISION

	IN RE:			}	CASE NUMBER
				}	3:16-bk-02236-PMG
	PREMIER MERCHANDISING, LLC			}
				}	JUDGE	PAUL M. GLENN
				}
	DEBTOR.			}	CHAPTER 11


	DEBTOR'S STANDARD MONTHLY OPERATING REPORT (BUSINESS)

				FOR THE PERIOD
		FROM	August 1, 2018	TO	August 31, 2018

Comes now the above-named debtor and files its Monthly Operating Reports in accordance with the
Guidelines established by the United States Trustee and FRBP 2015.



					Attorney for Debtor's Signature

Debtor's Address					Attorney's Address
and Phone Number:					and Phone Number:

PREMIER MERCHANDISING, LLC					NELSON MULLINS (Attn: Daniel Blanks)

3045 Kingston Court, Suite I					50 N. Laura Street, 41st Floor

Peachtree Corners GA 30071					Jacksonville, FL 32202

+1 (404) 842-2600					+1 (904) 665-3600


Note: The original Monthly Operating Report is to be filed with the court and a copy simultaneously
provided to the United States Trustee Office. Monthly Operating Reports must be filed by the 20th day
of the following month.

For assistance in preparing the Monthly Operating Report, refer to the following resources on the
United States Trustee Program Website, http://www.usdoj.gov/ust/r21/reg_info.htm

1) Instructions for Preparations of Debtor’s Chapter 11 Monthly Operating Report
2) Initial Filing Requirements
3) Frequently Asked Questions (FAQs) http://www.usdoj.gov/ust/

SCHEDULE OF RECEIPTS AND DISBURSEMENTS
	FOR THE PERIOD BEGINNING	1-Aug-18	AND ENDING	31-Aug-18

Name of Debtor:	PREMIER MERCHANDISING, LLC		Case Number	3:16-bk-02236-PMG
Date of Petition:	14-Jun-16

		Current month		Cumulative
		Current month		Petition to date

1. Funds at beginning of period per bank		$Nil	( a )	$Nil	( b )

2. Receipts:
	A. Cash sales
	Minus: Cash refunds
	Net cash sales

	B. Accounts receivable	$ -

	C. Other receipts (see MOR-3)
	Note: invoice & receipts at the same time

3. Total receipts (lines 2A+2B+2C)		$ -		$ -

4. Total funds available for operations (line 1+line 3)		$Nil		$Nil

5. Disbursements
	A. Advertising
	B. Bank charges
	C. Contract labour
	D. Fixed asset payments (not incl in "N")
	E. Insurance
	F. Inventory payments
	G. Leases
	H. Manufacturing supplies
	I. Office supplies
	J. Payroll - net (see attachment 4B)
	K. Professional fees (Accounting & legal)
	L. Rent
	M. Repairs & maintenance
	N. Secured creditor payments (see attach 2)
	O. Taxes paid - payroll (see attachment 4C)
	P. Taxes paid - sales & use (see attach 4C)
	Q. Taxes paid - Other (see attachment 4C)
	R. Telephone
	S. Travel & entertainment
	T. U.S. Trustee Quarterly Fees
	U. Utilities
	V. Vehicle expenses (car rental)
	W. Other operating expenses
6. Total Disbursements (sum of 5A thru W)		$ -		$ -
7. Ending balance (line 4 minus line 6)		$Nil	( c )	$Nil	( c )

I declare under penalty of perjury that this statement and the accompanying documents and reports are true and correct to the best of
my knowledge and belief.
This 21st day of September 2018		Signature	/s/ Jerome Henshall

(a)This number is carried forward from last month’s report. For the first report only, this number will be the
balance as of the petition date.
(b)This figure will not change from month to month. It is always the amount of funds on hand as of the date of
the petition.
(c)These two amounts will always be the same if form is completed correctly.

SCHEDULE OF RECEIPTS AND DISBURSEMENTS
Detail of Other Receipts and Other Disbursements
OTHER RECEIPTS:
Describe Each Item of Other Receipt and List Amount of Receipt. Write totals on Page MOR-2, Line 2C.
				Cumulative
Description			Current Month	Petition to Date
None			$ -	$ -










TOTAL OTHER RECEIPTS			$Nil	$Nil

“Other Receipts” includes Loans from Insiders and other sources (i.e. Officer/Owner, related parties directors, related corporations, etc.). Please describe below:

Loan amount	Source of funds	Purpose	Repayment schedule
$ -

OTHER DISBURSEMENTS:
Describe Each Item of Other Disbursement and List Amount of Disbursement. Write totals on Page MOR-2, Line 5W.
				Cumulative
Description			Current Month	Petition to Date
None			$ -	$ -




TOTAL OTHER DISBURSEMENTS			$Nil	$Nil

NOTE: Attach a current Balance Sheet and Income (Profit & Loss) Statement.
Please refer to Appendix

Attachment 1
Monthly Accounts Receivable Reconciliation and Aging

Name of Debtor:	PREMIER MERCHANDISING, LLC		Case Number:	3:16-bk-02236-PMG

Reporting period beginning	1-Aug-18		Period ending	31-Aug-18

ACCOUNTS RECEIVABLE AT PETITION DATE:			$NIL


Accounts receivable reconciliation
(Include all accounts receivable, pre-petition and post-petition, including charge card sales which have not been received):

Beginning of Month Balance			$Nil	( a )
Plus: current month new billings
Minus: collection during the month				( b )
Plus/ minus: adjustments or writeoffs				*
End of month balance			$Nil	( c )

*For any adjustments or Write-offs provide explanation and supporting documentation, if applicable:



POST PETITION ACCOUNTS RECEIVABLE AGING
(Show the total for each aging category for all accounts receivable)

0-30 days	31-60 days	61-90 days	over 90 days	Total

$ -	$ -	$ -	$ -	$Nil	( c )

For any receivables in the “Over 90 Days” category, please provide the following:
None

Customer		Receivable Date		Status (Collection efforts taken, estimate of collectibility
				write-off, disputed account, etc.)
None



(a)This number is carried forward from last month’s report. For the first report only, this number will be zero.

(b)This must equal the number reported in the “Current Month” column of Schedule of Receipts and
Disbursements (Page MOR-2, Line 2B).
(c)These two amounts must equal.

Attachment 2
Monthly Accounts Payable and secured payments report

Name of Debtor:	PREMIER MERCHANDISING, LLC		Case Number:	3:16-bk-02236-PMG

Reporting period beginning		1-Aug-18	Period ending	31-Aug-18

In the space below list all invoices or bills incurred and not paid since the filing of the petition. Do not include amounts owed prior to filing the petition. In the alternative, a computer generated list of payables may be attached provided all information requested below is included.


POST PETITION ACCOUNTS PAYABLE

Date incurred	Days outstanding	Vendor	Description	Amount
None






Total amount				$Nil	( b )

☐ Check here if pre-petition debts have been paid. Attach an explanation and copies of supporting
documentation.

Accounts payable reconciliation (post petition unsecured debt only)


Opening Balance			$Nil	( a )
PLUS: New indebtedness incurred this month
MINUS: Amount paid on post petition
Accounts payable this month			$ -
PLUS/MINUS: adjustments			$ -	*
End of month balance			$Nil	( c )

*For any adjustments or Write-offs provide explanation and supporting documentation, if applicable:

Secured payments report
List the status of Payments to Secured Creditors and Lessors (Post Petition Only). If you have entered into a
modification agreement with a secured creditor/lessor, consult with your attorney and the United States Trustee
Program prior to completing this section).


Secured Creditor /		Date Payment Due This Month	Amount Paid This Month	Number of Post Petition		Total Amount of Post Petition
Lessor				Payments Delinquent		Payments Delinquent

None			$ -



TOTAL			$Nil	(d)
(a)This number is carried forward from last month’s report. For the first report only, this number will be
the balance as of the petition date.
(b, c) The total of line (b) must equal line (c).
(d) This number is reported in the “Current Month” column of Schedule of Receipts and Disbursements (Page MOR-2, Line 5N).

Attachment 3
Inventory and Fixed Assets Report

Name of Debtor:	PREMIER MERCHANDISING, LLC			Case Number:	3:16-bk-02236-PMG

Reporting period beginning		1-Aug-18		Period ending	31-Aug-18

INVENTORY REPORT

INVENTORY BALANCE AT PETITION DATE:				$ 260,167.00
INVENTORY RECONCILIATION:
	Inventory Balance at Beginning of Month				(a)
	PLUS: Inventory Purchased During Month
	MINUS: Inventory Used or Sold			$ -
	PLUS/MINUS: Adjustments or Write-downs				*
	Inventory on Hand at End of Month			$ -

METHOD OF COSTING INVENTORY:			Weighted average cost

*For any adjustments or write-downs provide explanation and supporting documentation, if applicable.
Note: In July 2016 MOR, PE Merch transferred its inventory to Premier Exhibitions Management, LLC

INVENTORY AGING

	Less than 6	6 months to	Greater than	Considered	Total Inventory
	months old	2 years old	2 years old	Obsolete

					0%

* Aging Percentages must equal 100%.
☐ Check here if inventory contains perishable items.

Description of Obsolete Inventory:



FIXED ASSET REPORT

FIXED ASSETS FAIR MARKET VALUE AT PETITION DATE:				$Nil	(b)
(Includes Property, Plant and Equipment)

BRIEF DESCRIPTION (First Report Only):
SNL Merchandise Fixed Assets


FIXED ASSETS RECONCILIATION:
Fixed Asset Book Value at Beginning of Month				$ 113,859	(a)(b)
MINUS: Depreciation Expense				- 5,160
PLUS: New Purchases
PLUS/MINUS: Adjustments or Write-downs					*
Ending Monthly Balance				$ 108,699

*For any adjustments or write-downs, provide explanation and supporting documentation, if applicable.

BRIEF DESCRIPTION OF FIXED ASSETS PURCHASED OR DISPOSED OF DURING THE REPORTING PERIOD:



(a)This number is carried forward from last month’s report. For the first report only, this number will be the
balance as of the petition date.
(b)Fair Market Value is the amount at which fixed assets could be sold under current economic conditions.
Book Value is the cost of the fixed assets minus accumulated depreciation and other adjustments.

Attachment 4A
Monthly summary of bank activity - operating account

Name of Debtor:	PREMIER MERCHANDISING, LLC		Case Number:	3:16-bk-02236-PMG

Reporting period beginning	1-Aug-18		Period ending	31-Aug-18


Attach a copy of current month bank statement and bank reconciliation to this Summary of Bank Activity. A standard bank reconciliation form can be found at http://www.usdoj.gov/ust/r21/reg_info.htm. If bank accounts other than the three required by the United States Trustee Program are necessary, permission must be obtained from the United States Trustee prior to opening the accounts. Additionally, use of less than the three required bank accounts must be approved by the United States Trustee.

Name of bank	None		Branch	None

Account name	None		Account number	None

Purpose of account:	OPERATING

Ending balance per bank statement				$Nil
Plus total amount of outstanding deposits				$ -
Minus: total amount of outstanding checks and other debits					*
Minus: service charges				$ -
End of month balance				$Nil	** ( a )

* Debit cards are used by		None

** If Closing Balance is negative, provide explanation:			None


The following disbursements were paid in Cash (do not includes items reported as Petty Cash on Attachment
4D: ( ☐ Check here if cash disbursements were authorized by United States Trustee)

Date	Amount	Payee	Purpose	Reason for Cash Disbursement

None





		TRANSFERS BETWEEN DEBTOR IN POSSESSION ACCOUNTS
“Total Amount of Outstanding Checks and other debits”, listed above, includes:

	None	Transferred to Payroll Account

	None	Transferred to Tax Account

(a) The total of this line on Attachment 4A, 4B and 4C plus the total of 4D must equal the amount reported as
“Ending Balance” on Schedule of Receipts and Disbursements (Page MOR-2, Line 7).

Attachment 5A
Check register - operating account

Name of Debtor:	PREMIER MERCHANDISING, LLC		Case Number:	3:16-bk-02236-PMG

Reporting period beginning	1-Aug-18		Period ending	31-Aug-18



Name of bank	None		Branch	None

Account name	None		Account number	None

Purpose of account:	OPERATING

Account for all disbursements, including voids, lost checks, stop payments, etc. In the alternative, a computer generated check register can be attached to this report, provided all the information requested below is included.

Date	Check number	Payee	Purpose	Amount
None				$ -









Total				$Nil

Attachment 4B
Monthly summary of bank activity - payroll account

Name of Debtor:	PREMIER MERCHANDISING, LLC			Case Number:	3:16-bk-02236-PMG

Reporting period beginning	1-Aug-18		Period ending	31-Aug-18

Attach a copy of current month bank statement and bank reconciliation to this Summary of Bank
Activity. A standard bank reconciliation form can be found at
http://www.usdoj.gov/ust/r21/reg_info.htm

Name of bank	None		Branch	None

Account name	None		Account number	None

Purpose of account:		PAYROLL

Ending balance per bank statement					$Nil
Plus total amount of outstanding deposits					$ -
Minus: total amount of outstanding checks and other debits						*
Minus: service charges					$ -
End of month balance					$Nil	** ( a )

* Debit cards are used by		None

** If Closing Balance is negative, provide explanation:				None


The following disbursements were paid in Cash:				( ☐ Check here if cash disbursements were authorized
by United States Trustee)

Date	Amount	Payee	Purpose	Reason for Cash Disbursement
None





The following non-payroll disbursements were made from this account:
Date	Amount	Payee	Purpose	Reason for Cash Disbursement
None





(a) The total of this line on Attachment 4A, 4B and 4C plus the total of 4D must equal the amount reported as
“Ending Balance” on Schedule of Receipts and Disbursements (Page MOR-2, Line 7).

Attachment 5B
Check register - payroll account

Name of Debtor:	PREMIER MERCHANDISING, LLC			Case Number:	3:16-bk-02236-PMG

Reporting period beginning	1-Aug-18		Period ending	31-Aug-18



Name of bank	None		Branch	None

Account name	None		Account number	None

Purpose of account:		PAYROLL

Account for all disbursements, including voids, lost checks, stop payments, etc. In the
alternative, a computer generated check register can be attached to this report, provided all the
information requested below is included.


Date	Check Number		Payee	Purpose	Amount
None					$ -






TOTAL					$Nil

Attachment 4C
Monthly Summary of Bank Activity - Tax Account

Name of Debtor:	PREMIER MERCHANDISING, LLC			Case Number:	3:16-bk-02236-PMG

Reporting period beginning	1-Aug-18		Period ending	31-Aug-18

Attach a copy of current month bank statement and bank reconciliation to this Summary of Bank
Activity. A standard bank reconciliation form can be found at
http://www.usdoj.gov/ust/r21/reg_info.htm

Name of bank	None		Branch	None

Account name	None		Account number	None

Purpose of account:		TAX

Ending balance per bank statement					$Nil
Plus total amount of outstanding deposits					$ -
Minus: total amount of outstanding checks and other debits						*
Minus: service charges					$ -
Ending balance per Check Register					$Nil	** ( a )

* Debit cards are used by		None

** If Closing Balance is negative, provide explanation:				None


The following disbursements were paid in Cash:				( ☐ Check here if cash disbursements were authorized
by United States Trustee)

Date	Amount	Payee	Purpose	Reason for Cash Disbursement
None





The following non-payroll disbursements were made from this account:
Date	Amount	Payee	Purpose	Reason for Cash Disbursement
None





(a) The total of this line on Attachment 4A, 4B and 4C plus the total of 4D must equal the amount reported as
“Ending Balance” on Schedule of Receipts and Disbursements (Page MOR-2, Line 7).

Attachment 5B
Check register - tax account

Name of Debtor:	PREMIER MERCHANDISING, LLC			Case Number:	3:16-bk-02236-PMG

Reporting period beginning	1-Aug-18		Period ending	31-Aug-18



Name of bank	None		Branch	None

Account name	None		Account number	None

Purpose of account:	TAX

Account for all disbursements, including voids, lost checks, stop payments, etc. In the
alternative, a computer generated check register can be attached to this report, provided all the
information requested below is included.

Date	Check Number		Payee	Purpose	Amount
None






TOTAL					$Nil	(d)

		SUMMARY OF TAXES PAID
	Payroll Taxes Paid				$Nil	(a)
	Sales & Use Taxes Paid				$Nil	(b)
	Other Taxes Paid				$Nil	(c)
	TOTAL				$Nil	(d)

(a) This number is reported in the “Current Month” column of Schedule of Receipts and Disbursements
(Page MOR-2 Line 5O)
(b) This number is reported in the “Current Month” column of Schedule of Receipts and Disbursements
(Page MOR-2 Line 5P)
(c) This number is reported in the “Current Month” column of Schedule of Receipts and Disbursements
(Page MOR-2 Line 5Q)
(d) These two lines must be equal.

Attachment 4D
Investment accounts and petty cash report

Investment accounts
Each savings and investment account, i.e. certificates of deposits, money market accounts, stocks and bonds, etc., should be listed separately. Attach copies of account statements.

Type of Negotiable

Instrument	Face Value	Purchase Price	Date of Purchase	Current Market Value
None



TOTAL				$Nil	(a)

Petty Cash Report

The following Petty Cash Drawers/Accounts are maintained:
	(Column 2)	(Column 3)	(Column 4)
Location of Box/Account	Maximum amount of cash in Drawer/Acct	Amount of petty cash on hand at end of month	Difference between (Column 2) and(Column 3)
None
			$ -

Total		$Nil	( b )


For any Petty Cash Disbursements over $100 per transaction, attach copies of receipts. If
there are no receipts, provide an explanation.




TOTAL INVESTMENT ACCOUNTS AND PETTY CASH (a + b)			$Nil	(c)

(c) The total of this line on Attachment 4A, 4B and 4C plus the total of 4D must equal the
amount reported as “Ending Balance” on Schedule of Receipts and Disbursements (Page
MOR-2, Line 7).

Attachment 6
Monthly tax report

Name of Debtor:	PREMIER MERCHANDISING, LLC			Case Number:	3:16-bk-02236-PMG

Reporting period beginning	1-Aug-18		Period ending	31-Aug-18

		TAXES OWED AND DUE

Report all unpaid post-petition taxes including Federal and State withholding FICA, State sales tax, property tax, unemployment tax, State workmen's compensation, etc.

Name of taxing authority	Date payment due	Description	Amount	Date last tax return filed	Tax return period

None




NOT APPLICABLE

Total			$Nil

Attachment 7
Summary of Officer or Owner Compensation
Summary of personnel and insurance coverages
Name of Debtor:	PREMIER MERCHANDISING, LLC		Case Number:	3:16-bk-02236-PMG

Reporting period beginning	1-Aug-18		Period ending	31-Aug-18

		TAXES OWED AND DUE

Report all forms of compensation received by or paid on behalf of the Officer or Owner during the month. Include car allowances, payments to retirement plans, loan repayments, payments of Officer/Owner’s personal expenses, insurance premium payments, etc. Do not include reimbursement for business expenses Officer or Owner incurred and for which detailed receipts are maintained in the accounting records.

Name of officer or owner	Title	Payment description	Amount paid
None



Total			$Nil


		PERSONNEL REPORT
			Full time	Part time
Number of employees at beginning of period			None
Number hired during the period			None
Number terminated or resigned during period			None
Number of employees on payroll at end of period			None


		CONFIRMATION OF INSURANCE
List all policies of insurance in effect, including but not limited to workers' compensation, liability, fire, theft, comprehensive, vehicle, health and life. For the first report, attach a copy of the declaration sheet for each type of insurance. For subsequent reports, attach a certificate of insurance for any policy in which a change occurs during the month (new carrier, increased policy limits, renewal, etc.).



The following lapse in insurance coverage occurred this month:
Policy Type	Date Lapsed		Date Reinstated		Reason for Lapse




¨ Check here if U. S. Trustee has been listed as Certificate Holder for all insurance policies.

Attachment 8
Significant Developments During Reporting Period

Information to be provided on this page, includes, but is not limited to: (1) financial transactions that are not reported on this report, such as the sale of real estate (attach closing statement); (2) non-financial transactions, such as the substitution of assets or collateral; (3) modifications to loan agreements; (4) change in senior management, etc. Attach any relevant documents.

No significant developments

























We anticipate filing a Plan of Reorganization and Disclosure Statement on or before					To be determined

APPENDIX

Premier Merchandising, LLC

Per MOR-3
(Unaudited) Balance Sheet
(Unaudited) Profit and Loss Statement

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PREMIER EXHIBITIONS, INC. - FORM 8-K - EX-99.5 - EXHIBIT 99.5 - September 24, 2018

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