--- type: court_doc id: "court_ctb_2138_1" court: "CTB" case_no: "22-50073" doc_number: 2138 doc_type: "PETITION" filed_date: "2023-08-25" lang: "en" machine_translated: false url: "https://mubeitech.com/en/court/court_ctb_2138_1" json_url: "https://mubeitech.com/api/court/court_ctb_2138_1" --- # Guo Wengui / Miles Guo — bankruptcy case · PETITION · ECF #2138-1 NOTES TO THE DECEMBER 2022 OPERATING REPORT PART 2: ASSET AND LIABILITY STATUS: d. Total current assets: Unknown e. Total assets: Unknown The Debtor's only known asset is its interest in Genever Holdings LLC, and the value of this interest is unknown. UNITED STATES BANKRUPTCY COURT DISTRICT OF CONNECTICUT In re Genever Holdings Corporation Debtor Case No. 22-50542 Reporting Period: Dec-22 Federal Tax I.D. # n/a CORPORATE MONTHLY OPERATING REPORT File with the Court and submit a copy to the United States Trustee within 20 days after the end of the month and submit a copy of the report to any official committee appointed in the case. (Reports for Rochester and Buffalo Divisions of Western District of New York are due 15 days after the end of the month, as are the reports for Southern District of New York.) REQUIRED DOCUMENTS　Form No.　Document Attached　Explanation Attached Schedule of Cash Receipts and Disbursements　MOR-1　X Bank Reconciliation (or copies of debtor's bank reconciliations)　MOR-1 (CON'T)　X Copies of bank statements Cash disbursements journals Statement of Operations　MOR-2　X Balance Sheet　MOR-3　X Status of Post-petition Taxes　MOR-4　X Copies of IRS Form 6123 or payment receipt Copies of tax returns filed during reporting period Summary of Unpaid Post-petition Debts　MOR-4　X Listing of Aged Accounts Payable Accounts Receivable Reconciliation and Aging　MOR-5　X Taxes Reconciliation and Aging　MOR-5　X Payments to Insiders and Professional　MOR-6　X Post Petition Status of Secured Notes, Leases Payable　MOR-6　X Debtor Questionnaire　MOR-7　X I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief. samuni Claire Abrehart, Director 2 February 2023 Date \* Authorized individual must be an officer, director or shareholder if debtor is a partner if debtor is a partnership; a manager or member if debtor is a limited liability company. Case 22-50073 Doc 2138-1 Filed 08/25/23 Entered 08/25/23 17:39:00　Page 3 of In re Genever Holdings Corporation Debtor Case No. 22-50542 Reporting Period: Dec-22 SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS Amounts reported should be from the debtor's books and not the bank statement. The beginning cash should be the ending cash from the prior morth or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the "CURRENT MONTH -ACTUAL" column must equal the sum of the four bank account columns. Attach copies of the bank statements journal. The total disbursements listed in the disbursements journal must equal disbursements reported on this page. A bank reconcillation must be attached for each account. [See MOR-1 (CON'T)] BANK ACCOUNTS ACCOUNT NUMBER (LAST 4)　OPER　PAYROLL　TAX　OTHER　CURRENT MONTH ACTUAL (TOTAL OF ALL ACCOUNTS) CASH BEGINNING OF MONTH RECEIPIES CASH SALES ACCOUNTS RECEIVABLE - PREPETITION ACCOUNTS RECEIVABLE - POSTPETITION LOANS AND ADVANCES SALE OF ASSETS OTHER (ATTACH LIST) TRANSFERS (FROM DIP ACCTS) TOTAL RECEIPTS DISBURSDAIDS NET PAYROLL PAYROLL TAXES SALES, USE, & OTHER TAXES INVENTORY PURCHASES SECURED/ RENTAL/ LEASES INSURANCE ADMINISTRATIVE SELLING OTHER (ATTACH LIST) OWNER DRAW * TRANSFERS (TO DIP ACCTS) PROFESSIONAL FEES U.S. TRUSTEE QUARTERLY FEES COURT COSTS TOTAL DISBURSEMENTS NET CASH FLOW (RECEIPTS LESS DISBURSEMENTS) CASH-END OF MONTH \* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE THE FOLLOWING SECTION MUST BE COMPLETED DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES: (FROM CURRENT MONTH ACTUAL COLUMN) TOTAL DISBURSEMENTS LESS: TRANSFERS TO OTHER DEBTOR IN POSSESSION ACCOUNTS PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. from escrow accounts) TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES In re Genever Holdings Corporation Debtor Case No. 22-50542 Reporting Period: Dec-22 BANK RECONCILIATIONS Continuation Sheet for MOR-1 A bank reconciliation must be included for each bank account. The debtor's bank reconciliation may be substituted for this page. (Bank account numbers may be redacted to last four numbers.) Operating　Payroll　Tax　Other BALANCE PER BOOKS BANK BALANCE (+) DEPOSITS IN TRANSIT (ATTACH LIST) (-) OUTSTANDING CHECKS (ATTACH LIST) : OTHER (ATTACH EXPLANATION) ADJUSTED BANK BALANCE * 4 Admistad Don's Delanaal must smallling to announce D 1 1 Adjusted Bank Balance" must equal "Balance per Books" DEPOSITS IN TRANSIT　Battle Date　Amount　Date　Amount CHECKS OUTSTANDING Ck. #　Amount　1 - 1 - Ck. #　Amount OTHER REVENUES　MONTH　CUMULATIVE -FILING TO DATE Gross Revenues Less: Returns and Allowances Net Revenue COST OF GOODS SOLD Beginning Inventory Add: Purchases Add: Cost of Labor Add: Other Costs (attach schedule) Less: Ending Inventory Cost of Goods Sold Gross Profit OPERATING EXPENSES Advertising Auto and Truck Expense Bad Debts Contributions Employee Benefits Programs Officer/Insider Compensation* Insurance Management Fees/Bonuses Office Expense Pension & Profit-Sharing Plans Repairs and Maintenance Rent and Lease Expense Salaries/Commissions/Fees Supplies Taxes - Payroll Taxes - Real Estate Taxes - Other Travel and Entertainment Utilities Other (attach schedule) Total Operating Expenses Before Depreciation Depreciation/Depletion/Amortization Net Profit (Loss) Before Other Income & Expenses OTHER INCOME AND EXPENSES Other Income (attach schedule) Interest Expense Other Expense (attach schedule) Net Profit (Loss) Before Reorganization Items And And States of the Party OTHER OPERATIONAL EXPENSES OTHER INCOME OTHER EXPENSES OTHER REORGANIZATION EXPENSES ASSIBILS　BOOK VALUE AT END OF CURRENT REPORTING MONTH　BOOK VALUE AT END OF PRIOR REPORTING MONTH　BOOK VALUE ON PETITION DATE OR SCHEDULED CURRENT ASSETS Unrestricted Cash and Equivalents Restricted Cash and Cash Equivalents (see continuation　- sheet) Accounts Receivable (Net)　- Notes Receivable Inventories Prepaid Expenses Professional Retainers Other Current Assets (attach schedule) TOTAL CURRENT ASSETS PROPERTY & EQUIPMENT Real Property and Improvements Machinery and Equipment Furniture, Fixtures and Office Equipment　- Leasehold Improvements Vehicles Less: Accumulated Depreciation TOTAL PROPERTY & EQUIPMENT OTHER ASSETS Amounts due from Insiders* Other Assets (attach schedule) TOTAL OTHER ASSETS TOTAL ASSETS LIABILITIES AND OWNER EQUITY　BOOK VALUE AT END OF CURRENT REPORTING MONTH　PRIOR REPORTING MONTH　BOOK VALUE AT END OF BOOK VALUE ON PETITION DATE LIABILITIES NOT SUBJECT TO COMPROMISE (Postpetition) Accounts Payable Taxes Payable (refer to FORM MOR-4) Wages Payable Notes Payable Rent / Leases - Building/Equipment Secured Debt / Adequate Protection Payments Professional Fees Amounts Due to Insiders* Other Post-petition Liabilities (attach schedule) TOTAL POST-PETITION LIABILITIES LIABILITIES SUBJECT TO COMPROMISE (Pre-Petition) Secured Debt Priority Debt Unsecured Debt　254,000,000.00　254,000,000.00　254,000,000.00 TOTAL PRE-PETITION LIABILITIES TOTAL LIABILITIES　254,000,000.00　254,000,000.00　254,000,000.00 OWNERS' EQUITY Capital Stock　unknown　unknown　unknown Additional Paid-In Capital Partners' Capital Account Owner's Equity Account　unknown　unknown　unknown Retained Earnings - Pre-Petition Retained Earnings - Post-petition　- Adjustments to Owner Equity (attach schedule)　-　1 Post-petition Contributions (attach schedule) NET OWNERS' EQUITY　unknown　unknown　unknown TOTAL LIABILITIES AND OWNERS' EQUITY　unknown　unknown　unknown re Genever Holdings Corporation　Case No.　22-50542 Debtor　Reporting Period:　Dec-22 BALANCE SHEET - continuation section ASSETS　CURRENT REPORTING MONTH　BOOK VALUE AT END OF BOOK VALUE AT END OF PRIOR REPORTING MONTH　BOOK VALUE ON PERCECION DATE Other Current Assets Ownership - Genever Holdings LLC　uknown　unknown　unknown Other Assets LIABILITIES AND OWNER EQUITY　BOOK VALUE AT END OF CURRENT REPORTING MONTH　BOOK VALUE ON PETITION DATE Other Post-petition Liabilities n/a Adjustments to Owner's Equity n/a Post-Petition Contributions n/a In re Genever Holdings Corporation Debtor Case No. 22-50542 Dec-22 Reporting Period: STATUS OF POST-PETITION TAXES The beginning tax liability should be the ending liability from the prior month or, if this is the first report, the amount should be zero. Attach photocopies of IRS Form 6123 or payment receipt to verify payment or deposit of federal payroll taxes. Attach photocopies of any tax returns filed during the reporting period. Federal　Beginning Tax　Amount Withheld and/or Accrued　Amount Paid　Date Paid　Check # or 3 3 T　Ending Tax Withholding FICA-Employee　- FICA-Employer Unemployment　- Income Other: Total Federal Taxes State and Local Withholding Sales Excise Unemployment Real Property　- Personal Property Other: Total State and Local Total Taxes SUMMARY OF UNPAID POST-PETITION DEBTS Attach aged listing of accounts payable. Number of Days Past Due Current　0-30　31-60　61-90　Over 91　Total Accounts Payable Wages Payable Taxes Payable　-　- Rent/Leases-Building　-　-　- Rent/Leases-Equipment　- Secured Debt/Adequate Protection Payments Professional Fees　- Amounts Due to Insiders　- Other:　-　- Other:　-　- Total Post-petition Debts　-　-　= Explain how and when the Debtor intends to pay any past due post-petition debts. Accounts Receivable Reconciliation　Amount Total Accounts Receivable at the beginning of the reporting period Plus: Amounts billed during the period Less: Amounts collected during the period Total Accounts Receivable at the end of the reporting period Accounts Receivable Aging　0-30 Days　31-60 Days　61-90 Days　91+ Days　Total 0 - 30 days old　=　-　- 31 - 60 days old　-　-　-　- 61 - 90 days old　-　-　- 91+ days old　-　- Total Accounts Receivable　-　-　-　- Less: Bad Debts (Amount considered uncollectible)　- Net Accounts Receivable　=　-　1 Taxes Payable　0-30 Days　31-60 Days　61-90 Days　91+ Days　Total 0 - 30 days old 31 - 60 days old 61 - 90 days old 91+ days old Total Taxes Payable Total Accounts Payable INSIDERS NAME　TYPE OF PAYMENT　AMOUNT PAID　TOTAL PAID TO DATE TOTAL PAYMENTS TO INSIDERS　- PROFESSIONALS NAME　DATE OF COURT ORDER AUTHORIZING PAYMENT　AMOUNT APPROVED　AMOUNT PAID　TOTAL PAID TO DATE　TOTAL NOURFED & UNPAID* Neubert, Pepe & Monteith, P.C.　n/a　n/a　n/a　0　\$38,477.00 (estimated) Harneys Corporate Services Ltd　n/a　n/a　n/a　0　\$3,784.58 TOTAL PAYMENTS TO PROFESSIONALS　-　-　- NAME OF CREDITOR　SCHEDULED MONTHLY PAYMENT DUE　AMOUNT PAID DURING MONTH　TOTAL UNPAID POST- PENTION TOTAL PAYMENTS　- Must be completed each month. If the answer to any of the　Yes　No questions is "Yes", provide a detailed explanation of each item. Attach additional sheets if necessary. Have any assets been sold or transferred outside the normal course of　X business this reporting period? Have any funds been disbursed from any account other than a debtor in　X possession account this reporting period? Is the Debtor delinquent in the timely filing of any post-petition tax　X returns? Are workers compensation, general liability or other necessary　X 4 insurance coverages expired or cancelled, or has the debtor received notice of expiration or cancellation of such policies? X Is the Debtor delinquent in paying any insurance premium payment? Have any payments been made on pre-petition liabilities this reporting　X period? Are any post petition receivables (accounts, notes or loans) due from　X related parties? Are any post petition payroll taxes past due?　X 9 Are any post petition State or Federal income taxes past due?　X 10 Are any post petition real estate taxes past due?　X 11 Are any other post petition taxes past due?　X X 12 Have any pre-petition taxes been paid during this reporting period? 13 Are any amounts owed to post petition creditors delinquent?　X 14 Are any wage payments past due?　X Have any post petition loans been been received by the Debtor from any　X ો ર　party? 16 Is the Debtor delinquent in paying any U.S. Trustee fees?　X Is the Debtor delinquent with any court ordered payments to attorneys or　X 17 other professionals? Have the owners or shareholders received any compensation outside of　X 18　the normal course of business?