EX-99.1 2 crr-ex991_7.htm EX-99.1 crr-ex991_7.htm

Exhibit 99.1

Project Camel

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

13-Week Cash Forecast

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prepared as of March 26, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CH 11

 

 

 

 

 

 

 

 

 

 

 

Emergence

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4/3/20

4/10/20

4/17/20

4/24/20

5/1/20

5/8/20

5/15/20

5/22/20

5/29/20

6/5/20

6/12/20

6/19/20

6/26/20

Forecast

 

 

Wk 1

Wk 2

Wk 3

Wk 4

Wk 5

Wk 6

Wk 7

Wk 8

Wk 9

Wk 10

Wk 11

Wk 12

Wk 13

13-Wk

($000s)

 

POST

POST

POST

POST

POST

POST

POST

POST

POST

POST

POST

POST

POST

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash Receipts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer Collections

 

$1,382

$1,273

$1,739

$1,674

$1,964

$2,288

$2,411

$1,793

$1,166

$1,083

$1,311

$1,260

$1,843

$21,189

Other Receipts / Asset Sale Proceeds

 

-

-

-

-

-

-

-

-

-

-

-

-

-

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Cash Receipts

 

$1,382

$1,273

$1,739

$1,674

$1,964

$2,288

$2,411

$1,793

$1,166

$1,083

$1,311

$1,260

$1,843

$21,189

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Disbursements

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Expenses

 

($1,107)

($1,129)

($996)

($996)

($1,006)

($677)

($1,128)

($1,399)

($759)

($714)

($720)

($972)

($718)

($12,322)

Wages & Benefits

 

(500)

(184)

(1,375)

(184)

(1,352)

(184)

(1,400)

(184)

(1,372)

(996)

(1,352)

(212)

(858)

(10,153)

Insurance

 

-

-

-

-

-

-

-

-

-

(899)

-

-

-

(899)

Taxes

 

-

(20)

-

(2)

-

(5)

-

-

(80)

-

-

-

(1,275)

(1,381)

G&A / Other

 

(310)

(223)

(223)

(223)

(325)

(233)

(233)

(233)

(334)

(233)

(233)

(233)

(233)

(3,270)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Operating Disbursements

 

($1,917)

($1,556)

($2,595)

($1,405)

($2,683)

($1,099)

($2,761)

($1,816)

($2,545)

($2,842)

($2,306)

($1,417)

($3,084)

($28,026)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Operating Cash Flow

 

($535)

($283)

($856)

$269

($719)

$1,190

($350)

($24)

($1,379)

($1,759)

($995)

($157)

($1,241)

($6,837)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Disbursements

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Professional Fees

 

$0

$0

$0

$0

($200)

$0

($576)

$0

$0

($1,798)

$0

($507)

$0

($3,081)

Adequate Assurance / CV Payments

 

(361)

-

(450)

(450)

(450)

(450)

-

-

-

-

-

-

-

(2,161)

Notes & Interest Payments

 

(1,491)

-

-

-

(449)

-

-

-

-

(497)

-

-

-

(2,436)

DIP Interest & Fees

 

(225)

-

-

-

(32)

-

-

-

-

(44)

-

-

-

(301)

Retention / Severance / Other

 

-

-

-

-

-

-

-

-

-

-

-

-

-

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Other Disbursements

 

($2,077)

$0

($450)

($450)

($1,130)

($450)

($576)

$0

$0

($2,339)

$0

($507)

$0

($7,979)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Disbursements

 

($3,994)

($1,556)

($3,045)

($1,855)

($3,813)

($1,549)

($3,337)

($1,816)

($2,545)

($5,181)

($2,306)

($1,924)

($3,084)

($36,005)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Cash Flow

 

($2,611)

($283)

($1,306)

($181)

($1,849)

$740

($925)

($24)

($1,379)

($4,098)

($995)

($664)

($1,241)

($14,816)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning Cash Balance

 

$18,805

$21,194

$20,911

$19,605

$19,424

$17,575

$18,315

$17,390

$17,366

$25,986

$21,888

$20,894

$20,230

$18,805

(+/-) Weekly Cash Flow

 

(2,611)

(283)

(1,306)

(181)

(1,849)

740

(925)

(24)

(1,379)

(4,098)

(995)

(664)

(1,241)

(14,816)

(+/-) Change in Float

 

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(+/-) DIP Draw / Paydown

 

5,000

-

-

-

-

-

-

-

10,000

-

-

-

-

15,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending Cash Balance

 

$21,194

$20,911

$19,605

$19,424

$17,575

$18,315

$17,390

$17,366

$25,986

$21,888

$20,894

$20,230

$18,988

$18,988

Less: Restricted Cash

 

(9,732)

(9,732)

(9,732)

(9,732)

(9,732)

(9,732)

(9,732)

(9,732)

(9,732)

(9,732)

(9,732)

(9,732)

(9,732)

(9,732)

Less: Foreign Cash

 

(781)

(781)

(781)

(781)

(781)

(781)

(781)

(781)

(781)

(781)

(781)

(781)

(781)

(781)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending Available Liquidity

 

$10,681

$10,398

$9,092

$8,911

$7,062

$7,802

$6,877

$6,853

$15,473

$11,376

$10,381

$9,717

$8,475

$8,475