In re FastS hip, Inc.

et al
Debtors
t:NJTED STATES BANKRCPTCY COtiRT
FOR THE DISTRICT OF DELAWARE
Case No. 12-10968 (BLS)
Reporting Period: April l -April 30, 2012
MONTHLY OPERATING REPORT
File with Court and submit copy to lJnited States Trustee within 20 days after end of month.
Submit copy of report to any official committee appointed in the case.
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.
Signature of Debtor
Signature of Joint Debtor
Is! Kathryn Riepe Chambers
Signature of Authorized Individual*
Kathrvn Riepe Chambers
Printed Name of Authorized Individual
Date
Date
May 22 2012
Date
Executive Vice President
Title of Authorized Individual
*Authorized individual must be an officer, director or shareholder if debtor is a corporation: a pminer if debtor
is a partnership; a manager or member if debtor is a limited liability company
Note: This report is being filed for FastShip, Inc. and its wholly owned subsidiaries, FastShip Atlantic,
Inc. (Case No. 12-10970 (BLS)) and Thornycroft, Giles & Co., Inc. (Case No. 12-10971 (BLS)). Given
that these cases are administratively consolidated, we are filing one Monthly Operating Report.
In re fastShip, Inc. et al
Debtors
Case No. ll-10968 (Bl.S)
Repor1ine Period: April !- April JQ, lOll
SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS
Amounts reported should be per the debt or's books, not the bank statement. The beginning cash should be the ending cash !Tom the prior month or, if this is the
first report, the amount should be the balance on the date the petition was filed. The amounts reported in the "CURRENT MONTH - ACTUAL" column must
equal the sum of the four bank account columns. The amounts reported in the "PROJECTED" columns should be taken !Tom the SMALL BUSINESS INITIAL
REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements listed in the disbursements journal
must equal the total disbursements reported on this page. A bank reconciliation must be attached for each account. [See MOR-1 (CON'T)]
'" l:\ RRtl \10. U' TI\FIU f D. T
Of'f:lt T :\ OTIITll
CASH BEGINNING OF MONTII I 150 8141 ol ol all 1508141
.. [('(JI'TS
--
CASH SALES 0 0 0 0 0 0 0 0
ACCOUNTS RECEIVABLE 11 392 0 0 0 11 392 11416 11 392 11 416
AND ADVANCES 125 000 0 0 0 125 000 125.000 27fi 000 ?75.000
SALE OF ASSETS 0 0 0 0 0 0 0 0
OTHER (ATTACH LIST) 1268 0 0 0 1268 1269 1 268 1269
TRANSFERS (FROM DIP ACCTS) 0 0 0 o. 0 0 0 0
I
TOTAL RECEIPTS 137 680 0 0 ol 137 680 137 685 287 660 287 685
-
Dl!lll-
--
NET PAYROLL 17 330 0 0 0 17 330 22 384 18 336 23390
PAYROLL TAXES 11 ,521 0 0 0 11 521 2 767 11 521 2 767
SALES USE & OTHER TAXES 0 0 0 0 0 0 0 0
rNVENTORY PURCHASES 0 0 0 0 0 0 0 0
SECURED/ RENT AU LEASES 1769 0 0 0 1 769 1964 3 217 3 412
INSURANCE 32 208 0 0 0 32 208 32 213 32 208 32,213
ADMINISTRATIVE 1\ 8 716 0 0 0 , 8 716 4 972 8,731 4 987
SELLING 0 0 0 0 0 0 0 0
OTHER (ATTACH LIST)( controller &
SUDIX)St 5678 0 0 0 5 678 4,500 5 678 4 500
OWNER DRAW' 0 0 0 0 0 0 0 0
TRANSFERS (TO DlP ACCTS) 0 0 0 0 0 0 0 0
PROFESSIONAL FEES 0 0 0 0 0 0 0 0
U.S. TRUSTEE QUARTERLY FEES 975 0 0 0 975 975 975 975
COURT COSTS 0 0 0 0 0 0 0 0
TOTAL DISBURSEMENTS 78197 0 0 0 78197 69775 80666 72244
67,910[
-----'
206,9941 215,4411
leASH - END Of MONTH 210 2771 ol ol oil 210,2771 218,72411 210,277 1 218,7241
COMPENSATION TO SOLE PROPRJETORS FOR SERVICES RENDERED TO BANKRUPTCY EST ATE
THE FOLLOWI!'iG SECTION MlJST BE COMPLETED
.J!L! ... lOR CUC"'JU11'(: l '.S.1Rl !1'1111: Ol AMI LIIL\ I U'l>:. .... COt, I "''
TOTAL DISBURSEMENTS I) 78197
LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS 0
PLUS ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES i.e. from escrow accounts) 0
TOTAL DISBURSEMENTS fOR CALCULATING li.S. TRUSTEE QUARTERLY FEES (I) 78 197
Noto1 :
Includes an amount of $3203.08 paid directly to Cold Brook Ventures, LLC from the April acccunt receivable of $11 ,392 and it is the debtors view this is not the property of the estate.
The treatment of this payment was footnoted in the Initial Monthly Report and the related amount was not included in expenditures in the !MR.
FlJHMM(lR. f

In re f8.3 rShip, Int. tt al
Debtors
Ca"' No. 12- 10968 (81.5)
Reporrin' Period: April I April 30, 20 12
SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS
Amounts reported should be per the debtor's books, not the bank statement. The beginning cash should be the ending cash from the prior month or. if this is the
first report, the amount should be the balance on the date the petition was tiled. The amounts report ed in the "CURRENT MONTH - ACTUAL" column must
equal the swn of the four bank account columns . TI>e ammmts reponed in the "PROJECTED" columns should be taken from the SMALL BUSINESS INITIAL
REPORT (FORM IR-1) . Attach copies of the bank statements and the cash di sbursements joW11aL The total disbursement s li sted in the disbursements journal
must equal the total disbursements reported on this page. A bank reconciliation must be attached for each account . [See MOR- 1 (CON'T)]
CASH BEGINNING OF MONTH
lltnlrn_
CASH SALES 0 0 0 0 0 0 0 0
ACCOUNTS RECEIVABLE 11 392 0 0 0 11 392 11 ,416 11 392 11.41 6
LOANS AND ADVANCES 125 noo 0 0 0 125 000 125 000 275. 000 275.000
SALE OF ASSETS 0 0 0 0 0 0 0 0
OTHER (AITACH LISTI 1 268 0 0 0 1 268 1 269 1 268 1.269
TRANSFERS (FROM DIP ACCTS) 0 0 0 0 0 0 0 0
TOTAL RECEIPTS 137 660 0 0 0 137 660 137 685 287 660 287 685
0 1
--
NET PAYROLL 17 330 0 0 0 17 330 22 384 18 336 23390
PAYROLL TAXES 11 521 0 0 0 11 521 2 767 11 521 2 767
SALES USE & OTHER TAXES 0 0 0 0 0 0 0 0
INVENTORY PURCHASES 0 0 0 0 0 0 0 0
SECURED/ RENT AU LEASES 1,769 0 0 0 1 769 1, 964 3 217 3 412
INSURANCE 32 208 0 0 0 32 208 32 213 32 208 32 213
ADMlNISTRA TIVE ( I) 8 716 0 0 0 8 716 4 972 8 731 4,987
SELLING 0 0 0 0 0 0 0 0
OTHER (AITACH LIST)( controller &
suppost) 5 678 0 0 0 5678 4 500 5678 4 500
OWNER DRAW " 0 0 0 0 0 0 0 0
TRANSFERS ITO DIP ACCTSI 0 0 0 0 0 0 0 0
PROFESSIONAL FEES 0 0 0 0 0 0 0 0
U.S. TRUSTEE QUARTERLY FEES 975 0 0 0 975 975 975 975
COURT COSTS 0 0 0 0 0 0 0 0
78 197 0 0 0 78 197 69775 80666 72.244
NET CASH FLOW
59, 4631
67,91 011
206,994 1 21 5,441 1
1RI:CEfPTS IJ:SS S)
leASH END OF MONTH 21 0,277 1 ol oil 21o,ml 218,724 11 210,277 1 218,7241
COMPENSATION TO SOLE PROPRJETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE
THE FOLLOWING SECTION MUST BE CO\IPLETED
PJl!Bl 011 C'4LCLL !FRO (JO_!,I \1"' 1
... -
TOTAL DISBURSEMENTS (I) 78197
LESS TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS 0
PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i e. from escrow accoun>sJ 0
TOTAL DISBURSEMENTS FOR CALCULATING l i.S. TRUSTEE QUARTERLY FEES (I 78 197
Note 1:
Includes an amount of S3203.08 paid di rectly to Cold Brook Ventures, LLC from the April account receivable of $1 1,392 and it is the debtofs view this is not the propeny of the estate
The treatment of this payment was footnoted in the Initial Monthly Report and the related amount was not included in expenditures in the IMR.
HIRMYJ<>R- l
(04!07)
In re FastShip, Inc. et al
Debtors
BANK RECONCILIATIONS
Continuation Sheet for MOR-t
Case No. 12-10968 (BLS)
Reporting Period: April I - April 30, 2012
A bank reconciliation must be included for each bank account The debtor's bank reconciliation may be substituted for this page
4/30/20I21
Oe:rutlll!l
210,2771
L ..... .
N/A. ~ - N/A
I BALANCE PER BOOKS
BANK BALANCE 2I4,728
(-r) DEPOSITS IN TRANSIT (ATTACH LIST) 0
( -) OUTSTANDING CHECKS (ATTACH LIST) 4,451
OTHER (ATTACH EXPLANATION) 0
ADJUSTED BANK BALANCE * 210,277
Adjusted bank balance must equal
balance per books
DEPOSITS IN TRANSIT Date Amount Date Amount Date Amount Date
,
CHECKS OUTSTANDING Ck. # Amount Ch. # Amount Ck. # Amount Ck. #
Cold Brook Ventures LLC 1035 3,203.08
1608 Retail Associates 1044 175.10
City of Philadelphia 1045 78.00
US Trustee 1046 325.00
US Trustee 1047 325.00
US Trustee 1048 325.00
Huff Real Estate, Inc. 1049 19.92
-X_
OTHER
'
Amount
Amount
FORM MOR-Ia
((;4/07)
Payee
NONE
In re FastShip, Inc. et al
Debtors
Case No. 12-10968 (BLS)
Reporting Period: April I - April30, 2012
SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID
This schedule is to include all retained professional payments from case inception to current month.
Amount
. -. .,,
-
Check Amount Paid Year-To-Date
Period Covered ~ p r o v e d
Payor Number Date Fees Expenses Fees ExPenses
FORM MORlb
(04/07)
In re FastS hip, Inc. et al
Debtors
Case No. 12-10968 (BLS)
Reporting Period April I - April 30, 2012
STATEMENT OF OPERATIONS
(Income Statement)
The Statement of Operations is to be prepared on an accrual basis. The accrual basis of accounting recognizes revenue when it is
realized and expenses when they are incurred, regardless of when cash IS actually received or paid.
*"Insider" is defined in II U.S. C. Section I 01 (31 ).
i"OTES:
(I) Out-of-pocket expenses for Bullard and Chambers include reimbursement tor travel, oftlce supplies, and VOIP service tor the FastShip office
(2) Includes payment of$3203.08 to Cold Brook Ventures, LLC from the April account receivable of$11 ,392. It is the debtor's view
this is not property of the estate as footnoted in the Initial Monthly Report
FOR:V1 :V10R2
(04
In re FastShip, Inc, et al
Debtors
Case No. 12-10968 (BLS)
Reporting Period: April 1 - April 30. 2012
STATEMENT OF OPERATIONS - continuation sheet
Reorganization Items- Interest Earned on Accumulated Cash from Chapter 11:
Interest earned on cash accumulated during the chapter II case, which would not have been earned but for the
bankruptcy proceeding, should be reported as a reorganization item.
(I) "Other expenses" reported in March are the post-petition disbursements in the stub portion of March that were checks written before
filing, but that cleared the old PNC account after the filing date. These expenses are included here because the book value of the cash
asset on the petition date reflected the fact that these checks had not yet cleared the account.
FORM MOR-2 CONTD
(04.07)
In re FastShip, Inc. et al
Debtors
BALANCE SHEET
The Balance Sheet to be completed on an accrual br..s1s only !iabJhties must be dass1fied separately from postpetltlon obhgattons
*"lnsider"isdefinedm II US.C Sectlon 101(31)
Case No 12-10968 (BLS)
Reportmg Penod: Apn! 1 April 30, 2012
NOTE: Balance sheet is consolidated, with assets and
avmd doublecounting of obligations for '-"'inch FastShip, Inc
Inc and its vAm!Jy ov.ned subs1dianes, FastSh!p Atlanuc, fnc and Thornycroft, Giles & Co, Inc .. w1th ehminatJons to
G1les & Co., Inc are codebtors
( 1) Prepetition Unsecured Debt and Pnority Debt were reduced Th1s amount represents "Other expenses" {see MOR2CONT) wh!Ch are checks
written before filing, but that cleared the old PNC account after the date This amount JS m the Unsecured Debt and Pnonty Debt on the Schedules and Statements filed "'r1th the US
Trustee Therefore, Net Loss reported on MOR2 d1ffers from Retamed Earnmgs Postpd1t1on reported on MOR 3 by that ammmt
{2) lncludes out of pocket expenses and health msurance premmm payment made by CEO
H>kM \10R-3
In re FastShip, Inc. et al
Debtors
Case No 12-10968 (BLS)
Reportmg Penod Apnl I Apnl 30.
BALAl\'CE SHEET- continuation sheet
Restricted Cash is cash that is restricted for a specific use and not available to fund operations. Typically, restricted cash is segregated
into a separate account, such as an escrow account
( 1) Portwn of lns1der Compensation (Gross) and related employer payroll taxes pa1d m ;..-tay that !S attnbutable to \vork performed in Apnl
{2) Port1on of controller fee pmd m May aHnbutab!e to work perfonned m Apn!
VORM ;,10R-1 C O ~ ~ ! ' D
Case No. 12-10968 (BLS) In re FastShip, Inc. et al
Debtors Reporting Period: April I -April 30,2012
STATUS OF POSTPETITION TAXES
The beginning tax liability should be the ending liability from the prior month or, if this is the first report, the amount should be zero
Attach photocopies of IRS Form 6123 or payment receipt to verify payment or deposit of federal payroll taxes.
Attach photocopies of any tax returns filed during the reporting period.
SUMMARY OF UNPAID POSTPETITION DEBTS
Attach aged listing of accounts payable.
Explain how and when the Debtor intends to pay any past-due postpetition debts.
*"Insider" is defined in II USC Section 101(31).
F O R ~ l MOR-4
(04/07)
Case No. 12-10968 (BLS) In re FastShip, Inc. et al
Debtors Reporting Period: April I -April 30, 2012
ACCOUNTS RECEIVABLE RECONCILIATION AND AGING
Accounts Receiuble Reconciliatioo Amount
Total Accounts Receivable at the beginning of the reporting period 11.416
+ Amounts billed during the period -
- Amounts collected during the period 11,392
Total Accounts Receivable at the end of the reporting period 24
Accouot! Receivable Aging Amount
0 - 30 days old -
3 I - 60 days old 24
61 -90 days old -
91+ days old -
Total Accow1ts Receivable 24
Amount considered uncollectible (Bad Debt) (I) 24
Accounts Receivable (Net) -
(I) Receivable was amended by $24 because of amendments to third party invoices upon which Debtor's invoice was based
2
J
s
DEBTOR QUESTIONNAIRE
documc:ntouon idcntir mg the: opened u counl( }, If on in' um:ma ooum h been opened
pro' 1dc th rcqum:d documc:nLDII n pu Ul111tt the: Dda\\ are Loc I Rule: 400 J.J
(3) Taxes for 2011 have been filed in May, 2012. No taxes are owed.
0
FORM MOR-5
(04/07)
Business Checking
Account number: 1768 April1, 2012 - April 30, 2012 Page 1 of 3
FASTSHIP, INC
DEBTOR IN POSSESSION
CH 11 CASE# 12-10968 (BLS)
1608 WALNUT ST STE 501
PHILADELPHIA PA 19103-5446
Your Business and Wells Fargo
As our way of saying thank you to our business customers. Wells Fargo is
extending money-saving offers on many of our business accounts and services
between April 16 and June 30. 2012. For details on these limited-time offers. stop
by any Wells Fargo location, visit us online at weflsfargo.com/appreciation. or call
us at 877-436-4170.
Activity summary
Beginning balance on 4/1
Deposrts/Credits
Withdrawals/Debits
Ending balance on 4/30
Average ledger balance this period
Overdraft Protection
$150,814.08
137,660.10
- 73,745.93
$214,728.25
$150,644.32
This account is not currently covered by Overdraft Protection. If you
would like more information regarding Overdraft Protection and
eligibility requirements please call the number listed at the top of
your statement or visit your Wells Fargo branch.
Sheet Seq = 0000545
Sheet 00001 of 00002
Questions?
Available by phone 24 hours a day, 7 days a week:
1-800-CALL-WELLS (1-800-225-5935)
TTY: 1-800-877-4833
En espafiol: 1-877-337-7454
Online: wellsfargo.com/biz
Write: Wells Fargo Bank. N.A. (336)
P.O. Box 6995
Portland. OR 97228-6995
Account options
A check mark in the box indicates you have these convenient
services with your account. Go to wellsfargo.comlbiz or call
the number above if you have questions or if you would like
to add new services.
Business Online Banking
Rewards for Business Check Card
Online Statements
Business Bill Pay
Business Spending Report
Overdraft Protection
Account number:
FASTSHIP, INC
1768
DEBTOR IN POSSESSION
CH 11 CASE# 1210968 (BLS)
Maryland account terms and conditions apply
For Direct Deposit and Automatic Payments use
Routing Number (RTN): 055003201
For Wire Transfers use
Routing Number (RTN): 121000248
0
D
0
0
0
D
Account number: 1768 April 1, 2012- April 30, 2012 Page 2 of 3
Transaction history
Check Deposits!
Date Number Description Credits
-- --- II)_C__ ,._ - ii-.391:68-
- .. ..... ..... .. .......................... .
4/10 Paychex Tps Taxes 040912 44479600001727x Fastship Inc and
Subsi
iooi ... Ciieci<. .....
... --e .. Eib-
4/11
4/16
4/17
Subsi
1oez ' ctieck -
Paychex Eib 12041ix44S73900000044 Fastship Inc and
Subsi
Withdrawals!
Debits
112.40
11 ,520.87
11,427.4!)
100.85
5,903.0'1
4.96
4/20 : :::.::::.: .....
4/23 1037 Check 30,774,00
........ : .. 96.41
Ending daily
balance
_1
. 1 .. ... !.. 4_5_ . .04
139,044.19
.. _i33, _i4_i: 15
133,136.19
134,40461
1
4124 1031 Check 678.95 ___
4125---- ................ 104o- ctiec:k' ----------..------- ----------------------------- ....................... __ ___________ .............. ------- ----- 1 .o56.67
4/25 ----------T04-1- cEeci<--- ..... --------- ...... ------------ "2i1::7s. ._ ......
4726 ________ --- LLc .sriiiGso1117i<Go5s74sa----------;2s-.ooo:oo------ ---
Trn#120426043518 Rfb# 00547820120426Pw
4/26-- .................. . ..
4!26
1126"' ''"' ''
4/26

'!1..2.
4/27
US01117Ku0587 458 Trn#120426043518 Rfb#
00547820120426Pw
1036 check..... .... ..

4/27 1043 Check
---- -- --- .... --- ' -- --- ... - ................ ,, ________ -............. _ ..___ -----------..
... - ................... .. , ... ........... '
Ending balance on 4130
Totals $137,660.10
__ 5,336.53
361.31
.341.25
165.44
15_
67.80
... _1,769. 10_
$73,745.93
220,367.30


214,728.25
The Ending Daily Balance does not reflect any pending withdrawals or holds on deposited funds that may have been outstanding on your account when your
transactions posted. If you had insufficient available funds when a transaction posted, fees may have been assessed.
Summary of checks written (checks listed are also displayed in the preceding Transaction history)
Number Date Amount
1001 4/10 11 ,427.45
1002 4/16 5,903.04
1031. 4/24 678.95
1032 4/26 361.31
1033 4/30 1,769.10
Gap in check sequence.
Account transaction fees summary
Service charge description
Paid and Deposited Items
Total service charges
Number Date
1034 4/26
1036. 4/26
1037 4/23
1038 4/27
Units used
17
Units
included
150
Amount
341.25
5,336.53
30,774.00
3,802.15
Excess
units
0
Number Date
1040. 4/25
1041 4/25
1042 4/26
1043 4/27
Service charge per
excess units ($)
0.50
Amount
1,056.67
211.75
165.44
6780
Total service
charge($)
0.00
$0.00
Account number: 1768 Aprii1,2012-April30,2012 Page3of3
General statement policies for Wells Fargo Bank
Notice: Wells Fargo Bank, N.A. may furnish information about accounts
belonging to individuals, including sole proprietorships, to consumer
reporting agencies. If this applies to you, you have the right to dispute the
accuracy of information that we have reported by writing to us at: Overdraft
Collections and Recovery, P.O. Box 5058, Portland, OR 97208-5058.
Account Balance Calculation Worksheet
1. Use the following worksheet to calculate your overall account balance.
2. Go through your register and mark each check, withdrawal, A TM
transaction, payment, deposit or other credit listed on your statement.
Be sure that your register shows any interest paid into your account and
any service charges, automatic payments or A TM transactions withdrawn
from your account during this statement period.
3. Use the chart to the right to list any deposits, transfers to your account,
outstanding checks, ATM withdrawals, ATM payments or any other
withdrawals (including any from previous months) which are listed in
your register but not shown on your statement.
ENTER
A. The ending balance
shown on your statement ......... .. .. . . ...... $ ______ _
ADD
B. Any deposits listed in your
register or transfers into
your account which are not
shown on your statement.
CALCULATE THE SUBTOTAL
(Add Parts A and B)
$ _____ _
$ _____ _
$
+$ _____ _
. TOTAL$------
........... . ....................... TOTAL$ ------
SUBTRACT
C. The total outstanding checks and
withdrawals from the chart above ..
CALCULATE THE ENDING BALANCE
(Part A + Part B - Part C)
This amount should be the same
$ _____ _
as the current balance shown in
your check register ...
... .. ... .. .... 1
2010 Wells Fargo Bank, N.A. All rights reserved. Member FDIC. NMLSR ID 399801
Sheet Seq = 0000546
Sheet 00002 of 00002
You must describe the specific information that is inaccurate or in dispute
and the basis for any dispute with supporting documentation. In the case of
information that relates to an identity theft, you will need to provide us with
an identity theft report.
Number Items Outstanding Amount
---,
F
I
-
I
I
I
I
$
I '
-f------------1
I I
J
I !
!
-i
I

!
I
I
'l
-1
i
i
i
I
i

I
i
Transaction Detail For: Checking
... !!. .. ..
4/3/2012
4/10/2012
4/10/2012
4/10/2012
4/11/2012
4/16/2012
4/17/2012
4/20/2012
1001
1002
4/23/2012 1037
4/23/2012 1040
4/23/2012 1038
4/23/2012 1032
4/23/2012 1031
4/23/2012 1033
HARLAND CLARKE -
CHECK/ACC.040212
00671440075482
FASTSHIP, INC
CHECK
PAYCHEX TPS- TAXES
040912
44479600001727X
FASTSHIP INC AND SUBSI
Bank Fee
Payroll
Payroll
ATM CHECK DEPOSIT- Misc. Income
1712 WALNUT ST.
PHILADELPHIA PA 6362
0002723
PAYCHEX EIB INVOICE
120411
X44484500012754
FASTSHIP INC AND SUBSI
CHECK
PAYCHEX EIB- INVOICE
120417
X44573900000044
FASTSHIP INC AND SUBSI
DEPOSIT MADE IN A
BRANCH/STORE
Construction Risk
Solutions, LLC
Independence Blue
Cross
Omni Management
Group
Roland K. Bullard II
Kathryn R. Chambers
Huff Real Estate, Inc.
Payroll
Payroll
Payroll
Misc. Income
Insurance
Insurance
Reorganization
Expense
reimbursement
Expense
reimbursement
Rent
payroll- Bullard
payroll taxes
payroll processing
payroll - Chambers
payroll processing
IBX- Bullard
IBX - Bullard
claims agent
-$112.40
-$11,427.45
-$11,520.87
-$100.85
-$5,903.04
-$4.96
-$30,774.00
-$1,056.67
-$3,802.15
-$361.31
-$678.95
-$1,769.10
$150,701.68
$139,274.23
$127,753.36
$11,391.68 $139,145.04
$139,044.19
$133,141.15
$133,136.19
$1,268.42 $134,404.61
$103,630.61
$102,573.94
$98,771.79
$98,410.48
$97,731.53
$95,962.43

4/23/2012 1035
4/23/2012 1034
4/23/2012 1039
4/23/2012 1043
4/23/2012 1044
4/23/2012 1041
4/23/2012 1045
4/23/2012 1046
4/23/2012 1047
4/23/2012 1048
4/24/2012
4/26/2012 1049
4/26/2012
4/26/2012

IC ae . IC 0 S
Cold Brook Ventures,
LLC
julie Donat Woldin
VOID
Purchase Power
1608 Retail Associates
LP
Independence Blue
Cross
City of Philadelphia
United States Trustee
United States Trustee
United States Trustee
HARLAND CLARKE
CHECK/ACC.042312
00671440075482
FASTSHIP, INC
Huff Real Estate, Inc.
WT FED#01252 UBS AG
- /ORG=IPCO LLC SRF#
US01117KU0587458
TRN#120426043518
RFB#
00547820120426PW
WIRE TRANS SVC -
CHARGE - SEQUENCE:
120426043518 SRF#
US01117KU0587458
TRN#120426043518
RFB#
00547820120426PW
t9m,rance
ICe
Consulting -$3,203.08 $87,257.38
Office -$341.25 $86,916.13
$0.00 $86,916.13
Office -$67.80 $86,848.33
Office -$175.10 $86,673.23
Insurance IBX - Bullard -$211.75 $86,461.48
Tax Payment Business Privilege -$78.00 $86,383.48
Tax
Reorganization US Trustee -$325.00 $86,058.48
Reorganization US Trustee -$325.00 $85,733.48
Reorganization US Trustee -$325.00 $85,408.48
Bank Fee -$96.41 $85,312.07
Office copies -$19.92 $85,292.15
Loan $125,000.00 $210,292.15
Bank Fee -$15.00 $210,277.15
Total Account Inflows: $137,660.10
Total Account Outflows: -$78,197.03
Net Account Total: $59,463.07