Guo Wengui / Miles Guo — bankruptcy case · PETITION · ECF #2173-1

METADATA

Defendant
Guo Wengui / Miles Guo / Ho Wan Kwok
Court
CTB
Case No.
22-50073
ECF #
2173
Type
PETITION
Filed
2023-09-07

FULL TEXT

NOTES TO THE OCTOBER 2022 OPERATING REPORT PART 2: ASSET AND LIABILITY STATUS:

Total current assets: d.

Total assets: e.

Unknown 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: Oct-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 (CONT) 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.

Claire Abrehart, Director
2 February 2023
Date

\* Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company.

Case 22-50073 Doc 2173-1 Filed 09/07/23
Entered 09/07/23 09:06:17 Page 3 of
In re Genever Holdings Corporation
Debtor
Case No. 22-50542

Oct-22 Reporting Period: SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS Amounts reported should be from the debtor's books and not the bank statement. The beginning cash from the prior month or, if this is the first report, the amount should be 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 bash disbursements journal. The total disbursements listed in the disbursements journal must equal disbursements reported on this page. A bank reconciliation must be attached for each account. [See MOR-1 (CON'T)]

BANK ACCOUNTS

ACCOUNT NUMBER (LAST 4) OPER PAYROLL TAX Official CURRENT MONTH

ACTUAL (TOTAL OF ALL ACCOUNTS) CASH BEGINNING OF MONTH - RECETENS CASH SALES ACCOUNTS RECEIVABLE - PREPETITION ACCOUNTS RECEIVABLE - POSTPETITION LOANS AND ADVANCES SALE OF ASSETS OTHER (ATTACH LIST) TRANSFERS (FROM DIP ACCTS) TOTAL RECEIPTS DISBURS BY BEY IS 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 CASHELOW (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

Operating Payroll Tax Other
BALANCE PER BOOKS

BANK BALANCE Contract Concession Comparis NEWS . BE CONSULT CONSULTION CONSULTION CONSULTION CONSULTION CONSULTION CONSULTION CONSULTION CONSULTION CONSULTION CONSULTION CONSULTION CONSULTION CONSULTION CONSULTION CO

(+) DEPOSITS IN TRANSIT (ATTACH LIST) (-) OUTSTANDING CHECKS (ATTACH

LIST) :

OTHER (ATTACH EXPLANATION) ADJUSTED BANK BALANCE *

* Adrictad Rank Dalanca" much gaugl "Balanga par Booke"

DEPOSITS IN TRANSIT D Date Amount Date Amount

CHECKS OUTSTANDING Ck. # Amount Ck. # Amount

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 -

re Genever Holdings Corporation Case No. 22-50542

Debtor Reporting Period: Oct-22 REORGANIZATION ITBMS Professional Fees 1 U. S. Trustee Quarterly Fees

Interest Earned on Accumulated Cash from Chapter 11 (see continuation

sheet) Gain (Loss) from Sale of Equipment 1

Other Reorganization Expenses (attach schedule) 1

Total Reorganization Expenses 1 Income Taxes 1 Net Profit (Loss) -
OTHER COSTS
OTHER OPERATIONAL EXPENSES
OTHER INCOME
OTHER EXPENSES
OTHER REORGANIZATION EXPENSES
ASSOLAS BOOK VALUE AT END OF

CURRENT REPORTING PRIOR REPORTING MONTH BOOK VALUE AT END OF BOOK VALUE ON PETITION

DATE OR SCHEDULED
CURRENT ASSETS MONTH 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 1 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 11 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

TOTAL PRE-PETITION LIABILITIES 254,000,000.00

TOTAL LIABILITIES OWNERS' EQUITY 254,000,000.00 Capital Stock unknown Additional Paid-In Capital Partners' Capital Account Owner's Equity Account unknown Retained Earnings - Pre-Petition Retained Earnings - Post-petition -

Adjustments to Owner Equity (attach schedule) - Post-petition Contributions (attach schedule) -

NET OWNERS' EQUITY unknown TOTAL LIABILITIES AND OWNERS' EQUITY BALANCE SHEET - continuation section

ASSETS Reporting Period:

CURRENT REPORTING MONTH uknown Oct-22

BOOK VALUE AT END OF BOOK VALUE AT END OF

PRIOR REPORTING MONTH BOOK VALUE ON PETITION DATE
Other Current Assets

Ownership - Genever Holdings LLC 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

Case 22-50073 Doc 2173-1 Filed 09/07/23 Entered 09/07/23 09:06:17 Page 9 of

In re Genever Holdings Corporation
Debtor

Case No. 22-50542 Oct-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 Lax Amount Withheld and/or Accrued Amount Paid Date Paid Check # or 13 34 F 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 1 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.

re Genever Holdings Corporation

Accounts Receivable Reconciliation Amoun

Total Accounts Receivable at the beginning of the reporting period

Amounts billed during the period

Plus:

Amounts collected during the period

Less: Total Accounts Receivable at the end of the reporting period

Accounts Receivable Aging 1-30 123 51-60 Days 61-90 Days 91 + Days 11.621

- 30 days old 1 - 60 days old 1 - 90 days old 1+ days old Total Accounts Receivable
C

Less: Bad Debts (Amount considered uncollectib

Net Accounts Receivable

Taxes Payable I-SI Dav 31-60 Days 6 L-90 Davs 91 - Days 019

- 30 days old 31 - 60 days old 161 - 90 days old 191+ days old Total Taxes Payable Total Accounts Payable
INSIDERS

NAME TYPE OF PAYMENT AMOUNT PAID TOTAL PAID TO DATE

TOTAL PAYMENTS TO INSIDERS 1
PROFESSIONALS
NAME DATE OF COURT ORDER AUTHORIZING

PAYMENT AMOUNT APPROVED AMOUNT PAID TOTAL PAID TO DATE TOTAL INCURRED &

UNPAID* Neubert, Pepe &

Monteith, P.C. n/a n/a n/a 0 \$22,068.50

(estimated)
TOTAL PAYMENTS TO PROFESSIONALS 1 - -
NAME OF CREDITOR SCHEDINGED MONTHLY PAYMENT DUE AMOUNT PAID DURING MONTH TOTAL UNPAID POST- PETITUON
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

ો ર Have any post petition loans been been received by the Debtor from any X party? 16 Is the Debtor delinquent in paying any U.S. Trustee fees? X 17 Is the Debtor delinquent with any court ordered payments to attorneys or X other professionals? 18 Have the owners or shareholders received any compensation outside of X the normal course of business?

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