SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 1, 2017
UNILIFE CORPORATION
(Exact name of Registrant as Specified in Charter)
|
|
|
|
|
Delaware |
|
001-34540 |
|
27-1049354 |
(State or Other Jurisdiction of Incorporation) |
|
(Commission File Number) |
|
(IRS Employer Identification No.) |
|
|
|
250 Cross Farm Lane, York, Pennsylvania |
|
17406 |
(Address of Principal Executive Offices) |
|
(Zip Code) |
Registrant’s telephone number, including area code: (717) 384-3400
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:
☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐
As previously reported in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on April 12, 2017, Unilife Corporation (the “Company”) and its U.S. subsidiaries filed voluntary petitions in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”) for relief under Chapter 11 of the United States Bankruptcy Code, as amended. On May 10, 2017, the Company announced that as a result of the bankruptcy, the Company intends to adopt a modified reporting program with respect to its reporting obligations under the federal securities laws. In lieu of filing annual reports on Form 10-K and quarterly reports on Form 10-Q, the Company will file with the SEC a current report on Form 8-K that will have attached to it the monthly financial reports required by the Bankruptcy Court.
On June 1, 2017, the Company submitted to the Bankruptcy Court its monthly financial reports for itself and its U.S. subsidiaries for the month ended April 30, 2017 (the “Monthly Reports”). The Monthly Reports are filed as Exhibit 99.1 to this Form 8-K and are incorporated herein by this reference.
Cautionary Statement Regarding the Monthly Reports
The Monthly Reports contain financial statements and other financial information that have not been audited or reviewed by any independent public accounting firm and may be subject to future reconciliation or adjustments. The Monthly Reports are in a format prescribed by applicable bankruptcy laws and should not be used for investment purposes. The Monthly Reports may not be indicative of the Company’s financial condition or operating results. Results set forth in the Monthly Reports should not be viewed as indicative of future results.
Forward-Looking Statements
This report contains forward-looking statements. All statements that address operating performance, events or developments that the Company expects or anticipates may or will occur in the future are forward-looking statements. These forward-looking statements are based on management’s beliefs and assumptions and on information currently available to the Company’s management. The Company’s management believes that these forward-looking statements are reasonable as and when made. However, you should not place undue reliance on any such forward-looking statements because such statements speak only as of the date when made. The Company does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. In addition, forward-looking statements are subject to certain risks and uncertainties that could cause actual results, events and developments to differ materially from the Company’s historical experience and the Company’s present expectations or projections. These risks and uncertainties include, but are not limited to, those described in “Item 1A. Risk Factors” and elsewhere in the Company’s Annual Report on Form 10-K, those described from time to time in other reports which the Company files with the SEC, and other risks and uncertainties.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
|
|
|
Exhibit Number |
|
Description |
Exhibit 99.1 |
|
Monthly Financial Report of Unilife Corporation, et al. for Month Ending April 30, 2017 |
|
|
|
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
|
|
|
|
|
|
|
|
|
|
|
Unilife Corporation |
||
|
|
|
|
|||
Date: June 2, 2017 |
|
|
|
By: |
|
/s/ John Ryan |
|
|
|
|
|
|
Name: John Ryan |
|
|
|
|
|
|
Title: President and Chief Executive Officer |
EXHIBIT INDEX
|
|
|
EXHIBIT |
|
DESCRIPTION |
|
|
|
99.1 |
|
Monthly Financial Report of Unilife Corporation, et al. for Month Ending April 30, 2017. |
Exhibit 99.1
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF DELAWARE
In re |
Unilife Corporation, et al. [1] |
|
Case No. 17-10805 (LSS) |
|
|
|
|
Reporting Period: |
April 12, 2017 to April 30, 2017 |
MONTHLY OPERATING REPORT
File with Court and submit copy to United States Trustee within 20 days after end of month
Submit copy of report to any official committee appointed in the case.
REQUIRED DOCUMENTS |
Form No. |
Document Attached |
Affidavit/Supplement Attached |
Footnote |
Schedule of Cash Receipts and Disbursements |
MOR-1 |
X |
|
|
Bank Reconciliation (or copies of debtor's bank reconciliations) |
MOR-1a |
X |
|
|
Schedule of Professional Fees Paid |
MOR-1b |
X |
|
|
Copies of bank statements |
|
|
See Declaration. |
|
Cash disbursements journals |
|
X |
|
|
Statement of Operations |
MOR-2 |
See MOR-1. |
|
[2] |
Balance Sheet |
MOR-3 |
X |
|
|
Status of Postpetition Taxes |
MOR-4 |
X |
|
|
Copies of IRS Form 6123 or payment receipt |
|
|
See Declaration. |
[3] |
Copies of tax returns filed during reporting period |
|
|
Sec Declaration. |
[3] |
Summary of Unpaid Postpetition Debts |
MOR-4 |
X |
|
|
Listing of aged accounts payable |
MOR-4 |
X |
|
|
Accounts Receivable Reconciliation and Aging |
MOR-5 |
X |
|
|
Debtor Questionnaire |
MOR-5 |
X |
|
|
I declare under penalty of perjury (28 U.S.C. Section I 746) that this report and the attached documents
are true and correct to the best of my knowledge and belief.
/s/ John Ryan |
|
6/1/2017 |
|
Signature of Debtor |
|
Date |
|
John Ryan |
|
Chief Executive Officer |
|
Printed Name of Authorized Individual |
|
Title of Authorized Individual |
|
*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.
[1] The debtors' names arc abbreviated in this report as follows:
Unilife Corporation - UC
Unilife Medical Solutions, Inc. - UMS
Unilife Cross Farm LLC - UCF
[2] Post-petition, the Debtor began keeping its books on a cash basis. Accordingly, the Statement of Operations (MOR-2)
and the Schedule of Cash Receipts and Disbursements (MOR-1) present the same information.
[3] No tax returns, including IRS Form 6123, were filed during the period.
MOR
(04/07)
In re |
Unilife Corporation, et al. |
|
Case No. |
17-10805 |
|
|
Debtor |
|
Reporting Period: |
April 12, 2017 to April 30, 2017 |
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 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 from 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)]
|
|
|
|
BANK ACCOUNTS |
|
|
|
|
|
CURRENT MONTH |
|
|
CUMULATIVE FILING TO DATE |
|
|||||||||||||||||||||||
|
UC |
|
|
UMS |
|
|
UCF |
|
|
CONSOLIDATED |
|
|
CONSOLIDATED |
|
|||||||||||||||||||||||
|
OPERATING |
|
OTHER |
|
|
OPERATING |
|
PAYROLL |
|
OTHER |
|
|
OPERATING |
|
OTHER |
|
|
ACTUAL |
|
PROJECTED [1] |
|
|
ACTUAL |
|
PROJECTED [1] |
|
|||||||||||
CASH BEGINNING OF MONTH |
$ |
4,063 |
|
$ |
136,062 |
|
|
$ |
1,743,039 |
|
$ |
- |
|
$ |
35,257 |
|
|
$ |
1 |
|
$ |
- |
|
|
$ |
1,918,421 |
|
$ |
1,664,064 |
|
|
$ |
1,918,421 |
|
$ |
1,664,064 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RECEPTS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CASH SALES |
- |
|
- |
|
|
- |
|
- |
|
- |
|
|
- |
|
- |
|
|
- |
|
|
|
|
|
- |
|
- |
|
||||||||||
ACCOUNTS RECEIVABLE |
- |
|
- |
|
|
|
6,000 |
|
- |
|
- |
|
|
- |
|
- |
|
|
|
6,000 |
|
|
|
|
|
|
6,000 |
|
- |
|
|||||||
LOANS AND ADVANCES |
|
1,000,000 |
|
- |
|
|
- |
|
- |
|
- |
|
|
- |
|
- |
|
|
|
1,000,000 |
|
|
1,000,000 |
|
|
|
1,000,000 |
|
|
1,000,000 |
|
||||||
SALE OF ASSETS |
- |
|
- |
|
|
- |
|
- |
|
- |
|
|
- |
|
- |
|
|
- |
|
|
|
|
|
- |
|
- |
|
||||||||||
OTHER (ATTACH LIST) |
242 |
|
101 |
|
|
|
242 |
|
|
35,056 |
|
|
22 |
|
|
- |
|
- |
|
|
|
35,572 |
|
|
|
|
|
|
35,672 |
|
- |
|
|||||
TRANSFERS (FROM DIP ACCTS) |
- |
|
- |
|
|
|
785,066 |
|
|
417,596 |
|
- |
|
|
- |
|
- |
|
|
|
1,202,663 |
|
|
|
|
|
|
1,202,663 |
|
- |
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL RECEIPTS |
|
1,000,242 |
|
101 |
|
|
|
791,308 |
|
|
452,663 |
|
|
22 |
|
|
- |
|
- |
|
|
|
2,244,335 |
|
|
1,000,000 |
|
|
|
224,335 |
|
|
1,000,000 |
|
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DISBURSEMENTS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET PAYROLL |
- |
|
- |
|
|
- |
|
|
281,306 |
|
- |
|
|
- |
|
- |
|
|
|
281,306 |
|
|
435,101 |
|
|
|
281,306 |
|
|
435,101 |
|
||||||
PAYROLL TAXES |
- |
|
- |
|
|
- |
|
|
127,173 |
|
- |
|
|
- |
|
- |
|
|
|
127,173 |
|
|
27,159 |
|
|
|
127,173 |
|
|
27,159 |
|
||||||
SALES, USE, & OTHER TAXES |
- |
|
- |
|
|
|
2,000 |
|
- |
|
- |
|
|
- |
|
- |
|
|
|
2,000 |
|
- |
|
|
|
2,000 |
|
- |
|
||||||||
INVENTORY PURCHASES |
- |
|
- |
|
|
- |
|
- |
|
- |
|
|
- |
|
- |
|
|
- |
|
- |
|
|
- |
|
- |
|
|||||||||||
SECURED/RENTAL/LEASES |
- |
|
- |
|
|
- |
|
- |
|
- |
|
|
- |
|
- |
|
|
- |
|
- |
|
|
- |
|
- |
|
|||||||||||
INSURANCE |
- |
|
- |
|
|
|
17,743 |
|
- |
|
- |
|
|
- |
|
- |
|
|
|
17,743 |
|
|
17,750 |
|
|
|
17,743 |
|
|
17,750 |
|
||||||
ADMINISTRATIVE |
- |
|
- |
|
|
- |
|
- |
|
- |
|
|
- |
|
- |
|
|
- |
|
|
262,411 |
|
|
- |
|
|
262,411 |
|
|||||||||
SELLING |
- |
|
- |
|
|
- |
|
- |
|
- |
|
|
- |
|
- |
|
|
- |
|
- |
|
|
- |
|
- |
|
|||||||||||
OTHER (ATTACH LIST) |
|
333 |
|
- |
|
|
|
267 |
|
|
9,117 |
|
- |
|
|
|
3 |
|
- |
|
|
|
9,740 |
|
|
283,333 |
|
|
|
9,740 |
|
|
283,333 |
|
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
- |
|
- |
|
|
- |
|
- |
|
||||
OWNER DRAW * |
- |
|
- |
|
|
- |
|
- |
|
- |
|
|
- |
|
- |
|
|
- |
|
- |
|
|
- |
|
- |
|
|||||||||||
TRANSFERS (TO DIP ACCTS) |
|
750,000 |
|
- |
|
|
|
417,596 |
|
|
35,066 |
|
- |
|
|
- |
|
- |
|
|
|
1,202,663 |
|
- |
|
|
|
1,202,663 |
|
- |
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PROFESSIONAL FEES |
- |
|
- |
|
|
- |
|
- |
|
- |
|
|
- |
|
- |
|
|
- |
|
- |
|
|
- |
|
- |
|
|||||||||||
U.S. TRUSTEE QUARTERLY FEES |
- |
|
- |
|
|
- |
|
- |
|
- |
|
|
- |
|
- |
|
|
- |
|
- |
|
|
- |
|
- |
|
|||||||||||
COURT COSTS |
- |
|
- |
|
|
- |
|
- |
|
- |
|
|
- |
|
- |
|
|
- |
|
- |
|
|
- |
|
- |
|
|||||||||||
TOTAL DISBURSEMENTS |
|
750,333 |
|
- |
|
|
|
437,626 |
|
|
452,663 |
|
- |
|
|
|
3 |
|
- |
|
|
|
164,525 |
|
|
1,025,754 |
|
|
|
1,640,625 |
|
|
1,025,754 |
|
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET CASHFLOW |
|
249,909 |
|
|
101 |
|
|
|
353,682 |
|
- |
|
|
22 |
|
|
|
(3 |
) |
- |
|
|
|
603,710 |
|
|
(25,754 |
) |
|
|
603,710 |
|
|
(25,754 |
) |
||
(RECEIPTS LESS DISBURSEMENTS) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CASH END OF MONTH |
$ |
253,971 |
|
$ |
136,162 |
|
|
$ |
2,095,722 |
|
$ |
- |
|
$ |
35,278 |
|
|
$ |
(2 |
) |
$ |
- |
|
|
$ |
2,522,131 |
|
$ |
1,638,310 |
|
|
$ |
2,522,131 |
|
$ |
1,638,310 |
|
*COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPCY ESTATE
[1] PROJECTIONS PER DIP BUDGET.
THE FOLLOWING SECTION MUST COMPLETED |
|
||
DISBURSEMENTS FOR CALCULATING U.S TRUSTEE QUARTERLY FEES: (FROM CURRENT MONTH ACTUAL COLUMN) |
|
||
TOTAL DISBURSEMENTS |
$ |
1,040,025 |
|
LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS |
$ |
1,202,663 |
|
PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e from escrow accounts) |
$ |
93,603 |
|
TOTAL DISBURSEMENTS FOR CALCULATING U.S TRUSTEE QUARTERLY FEES |
$ |
531,571 |
|
FORM MOR-1
(04/07)
In re |
Unilife Corporation, et al. |
|
Case No. |
17-10805 |
|
|
Debtor |
|
Reporting Period: |
April 12, 2017 to April 30, 2017 |
BANK RECONCILIATIONS
Constitution 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
|
|
UMS |
|
UMS |
|
UMS |
|
UMS |
|
UMS |
|
UMS |
|
UMS |
|
UMS |
|
UMS |
|
UMS |
|
||||||||||||||||||||
|
|
Petty Cash (Operating) |
|
Operating |
|
Operating |
|
Operating |
|
Operating |
|
Other-Savings |
|
Total Operating |
|
Payroll |
|
Other ~ PNC CD |
|
Restricted Bond |
|
||||||||||||||||||||
|
|
# |
n/a |
|
# |
0928 |
|
# |
0570 |
|
# |
3760 |
|
# |
4310 |
|
# |
1600 |
|
|
|
|
|
# |
6102 |
|
# |
3480 |
|
# |
n/a |
|
|||||||||
BALANCE PER BOOKS |
|
|
|
476 |
|
|
|
590,142 |
|
|
|
1,500,896 |
|
|
|
8 |
|
|
|
4,958 |
|
|
|
242 |
|
|
|
2,096,722 |
|
|
- |
|
|
|
35,278 |
|
|
|
300,003 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BANK BALANCE |
|
|
|
476 |
|
|
|
590,142 |
|
|
|
1,500,896 |
|
|
|
8 |
|
|
|
4,958 |
|
|
|
242 |
|
|
|
2,096,722 |
|
|
|
- |
|
|
|
35,278 |
|
|
|
300,003 |
|
(*) DEPOSITS IN TRANSIT (ATTACH LIST) |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
(*) OUTSTANDING CHECKS (ATTACH LIST) |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
OTHER (ATTACH EXPLANATION) |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
ADJUSTED BANK BALANCE * |
|
|
$ |
476 |
|
|
$ |
590,142 |
|
|
$ |
1,500,896 |
|
|
$ |
8 |
|
|
$ |
4,958 |
|
|
$ |
242 |
|
|
$ |
2,096,722 |
|
|
$ |
- |
|
|
$ |
35,278 |
|
|
$ |
300,003 |
|
* Adjusted bank balance must |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
equal balance per books |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DEPOSITS IN TRANSIT |
|
Date |
Amount |
|
Date |
Amount |
|
Date |
Amount |
|
Date |
Amount |
|
Date |
Amount |
|
Date |
Amount |
|
|
|
|
|
Date |
Amount |
|
Date |
Amount |
|
Date |
Amount |
|
|||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CHECKS OUTSTANDING |
|
Ck. # |
Amount |
|
Ck. # |
Amount |
|
Ck. # |
Amount |
|
Ck. # |
Amount |
|
Ck. # |
Amount |
|
Ck. # |
Amount |
|
|
|
|
|
Ch. # |
Amount |
|
Ck. # |
Amount |
|
Ck. # |
Amount |
|
|||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OTHER |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OTHER RECEIPTS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
242 |
|
|
|
|
|
|
$ |
- |
|
|
$ |
22 |
|
|
$ |
- |
|
Refund from ADP |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
35,066 |
|
|
|
- |
|
|
|
- |
|
Total |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
242 |
|
|
|
|
|
|
$ |
35,066 |
|
|
$ |
22 |
|
|
$ |
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OTHER DISBURSEMENTS: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Bank Fees |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
|
|
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
Postage |
|
|
|
8 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
ADP Fees |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
9,117 |
|
|
|
- |
|
|
|
- |
|
Total |
|
|
$ |
8 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
|
|
|
|
$ |
9,117 |
|
|
$ |
- |
|
|
$ |
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FORM MOR-1a
(04/07)
In re |
Unilife Corporation, et al. |
|
Case No. |
17-10805 |
|
|
Debtor |
|
Reporting Period: |
April 12, 2017 to April 30, 2017 |
BANK RECONCILIATIONS
Constitution 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
|
|
UC |
|
UC |
|
UC |
|
UC |
|
UC |
|
UCF |
|
UCF |
|
||||||||||||||
|
|
Operating |
|
Operating |
|
Operating |
|
Total Operating |
|
Other - AMEX CD |
|
Operating |
|
Restricted Escrow |
|
||||||||||||||
|
|
# |
2022 |
|
# |
6509 |
|
# |
1693 |
|
|
|
|
|
# |
1859-4 |
|
# |
1933 |
|
# |
|
0600 |
|
|||||
BALANCE PER BOOKS |
|
|
$ |
249,940 |
|
|
$ |
3,789 |
|
|
$ |
242 |
|
|
|
253,971 |
|
|
$ |
136,162 |
|
|
$ |
(2 |
) |
|
$ |
2,025,911 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BANK BALANCE |
|
|
|
249,940 |
|
|
|
3,789 |
|
|
242 |
|
|
|
253,971 |
|
|
|
136,162 |
|
|
|
(2 |
) |
|
|
2,025,911 |
|
|
(+) DEPOSITS IN TRANSIT (ATTACH LIST) |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
(-) OUTSTANDING CHECKS (ATTACH LIST) |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
OTHER (ATTACH EXPLANATION) |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
ADJUSTED BANK BALANCE * |
|
|
$ |
249,940 |
|
|
$ |
3,789 |
|
|
$ |
242 |
|
|
$ |
253,971 |
|
|
$ |
136,162 |
|
|
$ |
(2 |
) |
|
$ |
2,025,911 |
|
* Adjusted bank balance must equal |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
balance per books |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DEPOSITS IN TRANSIT |
|
Date |
Amount |
|
Date |
Amount |
|
Date |
Amount |
|
|
|
|
|
Date |
Amount |
|
Date |
Amount |
|
Date |
Amount |
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CHECKS OUTSTANDING |
|
Ck. # |
Amount |
|
Ch. # |
Amount |
|
Ck. # |
Amount |
|
|
|
|
|
Ck. # |
Amount |
|
Ck. # |
Amount |
|
Ck. # |
Amount |
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OTHER |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OTHER RECEIPTS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
242 |
|
|
|
|
|
|
$ |
101 |
|
|
$ |
- |
|
|
$ |
- |
|
Refund from ADP |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Total |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
242 |
|
|
|
|
|
|
$ |
101 |
|
|
$ |
- |
|
|
$ |
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OTHER DISBURSEMENTS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Bank Fees |
|
|
$ |
333 |
|
|
$ |
- |
|
|
$ |
- |
|
|
|
|
|
|
$ |
- |
|
|
$ |
3 |
|
|
$ |
- |
|
Postage |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
ADP Fees |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
FORM MOR-1a
(04/07)
In re |
Unilife Corporation, et al. |
|
Case No. |
17-10805 |
|
|
Debtor |
|
Reporting Period: |
April 12, 2017 to April 30, 2017 |
SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID
This schedule is to include all retained professional payments from case inception to current month
Payee |
Period Covered |
Amount Approved |
Payor |
Check |
Amount Paid |
Year-To-Date |
|||
Number |
Date |
Fees |
Expenses |
Fees |
Expenses |
||||
None. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FORM MOR-1b
(04/07)
In re |
Unilife Corporation, et al. |
|
Case No. |
17-10805 |
|
|
Debtor |
|
Reporting Period: |
April 12, 2017 to April 30, 2017 |
CASH DISBURSEMENTS JOURNAL
Date |
Description |
Amount |
|
Check # |
Payee |
|
|
|
|
|
|
|
|
04/18/17 |
EMPLOYEE FSA CONTRIBUTIONS FROM 4/14 PAYROLL |
$ |
3,601.21 |
|
ACH |
TASC |
|
|
|
|
|
|
|
04/18/17 |
TAX PAYMENT |
|
2,000.00 |
|
ACH |
NEW JERSEY |
|
|
|
|
|
|
|
04/20/17 |
EMPLOYEE FSA CONTRIBUTIONS FROM 4/14 PAYROLL |
|
1,080.00 |
|
ACH |
TASC |
|
|
|
|
|
|
|
04/20/17 |
MONTHLY INSURANCE FUNDING DUE 4/25 |
|
17,743.01 |
|
34190 |
CHUBB |
|
|
|
|
|
|
|
04/20/17 |
MORTGAGE PAYMENT FROM CROSS FARM LLC ESCROW |
|
93,608.23 |
|
BANK |
FNB |
|
|
|
|
|
|
|
04/21/17 |
EMPLOYEE 401K CONTRIBUTIONS ($26,078.37) AND EMPLOYER MATCH ($8,629.68) FROM 4/14 PAYROLL |
|
34,708.05 |
|
ACH |
FIDELITY |
|
|
|
|
|
|
|
04/21/17 |
HRA FUNDING FOR WEEK ENDED 4/21 |
|
1,382.89 |
|
ACH |
HIGHMARK |
|
|
|
|
|
|
|
04/26/17 |
PAYROLL FUNDING FOR 4/28 |
|
239,742.10 |
|
WIRE |
ADP |
|
|
|
|
|
|
|
04/27/17 |
PAYROLL TAXES WITHHELD |
|
127,173.35 |
|
ACH |
ADP |
|
|
|
|
|
|
|
04/27/17 |
HRA FUNDING FOR WEEK ENDED 4/28 |
809.52 |
|
ACH |
HIGHMARK |
|
|
|
|
|
|
|
|
04/27/17 |
BANK FEES |
263.00 |
|
BANK |
HSBC |
|
|
|
|
|
|
|
|
04/28/17 |
MONTHLY PROCESSING FEE |
|
9,117.12 |
|
ACH |
ADP |
|
|
|
|
|
|
|
04/28/17 |
BANK FEES |
16.23 |
|
BANK |
FNB |
|
|
|
|
|
|
|
|
04/28/17 |
BANK FEES |
3.26 |
|
BANK |
FNB |
|
|
|
|
|
|
|
|
04/28/17 |
BANK FEES |
333.32 |
|
BANK |
FNB |
|
|
|
|
|
|
|
|
VARIOUS |
POSTAGE |
|
7.50 |
|
N/A |
USPS |
|
|
|
|
|
|
|
|
|
$ |
531,570.79 |
|
|
|
In re |
Unilife Corporation, et al. |
|
Case No. |
17-10805 |
|
|
Debtor |
|
Reporting Period: |
April 12, 2017 to April 30, 2017 |
BALANCE SHEET
The Balance Sheet is to be completed on an accrual basis only. Pre-petition liabilities must be classified separately from postpetition obligations.
$ in 000s |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ASSETS |
UC |
|
UMS |
|
UCF |
|
Eliminations |
|
Consolidated |
|
||||||||||||||||||||
CURRNET ASSETS |
Period |
|
Petition |
|
Period |
|
Petition |
|
Period |
|
Petition |
|
Period |
|
Petition |
|
Period |
|
Petition |
|
||||||||||
Unrestricted Cash and Equivalents |
$ |
390 |
|
$ |
140 |
|
$ |
2,132 |
|
$ |
1,778 |
|
$ |
- |
|
$ |
0 |
|
$ |
- |
|
$ |
- |
|
$ |
2,522 |
|
$ |
1,918 |
|
Restricted Cash and Cash Equivalents (see continuation sheet) |
|
- |
|
|
- |
|
300 |
|
300 |
|
|
2,026 |
|
|
2,120 |
|
|
- |
|
|
- |
|
|
2,326 |
|
|
2,420 |
|
||
Accounts Receivable (Net) |
|
- |
|
|
- |
|
|
1,159 |
|
|
1,109 |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
1,159 |
|
|
1,109 |
|
Notes Receivable |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
Inventories |
|
- |
|
|
- |
|
95 |
|
95 |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
95 |
|
95 |
|
||||
Prepaid Expenses |
366 |
|
396 |
|
400 |
|
825 |
|
68 |
|
78 |
|
|
- |
|
|
- |
|
834 |
|
|
1,299 |
|
|||||||
Professional Retainers |
398 |
|
398 |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
398 |
|
398 |
|
||||
Other Current Assets (attach schedule) |
|
- |
|
|
- |
|
251 |
|
251 |
|
|
- |
|
|
|
|
|
- |
|
|
- |
|
251 |
|
251 |
|
||||
TOTAL CURRENT ASSETS |
|
1,154 |
|
934 |
|
|
4,336 |
|
|
4,358 |
|
|
2,094 |
|
|
2,198 |
|
|
- |
|
|
- |
|
|
7,584 |
|
|
7,489 |
|
|
PROPERTY AND EQUIPMENT |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Property and Improvements |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
47,614 |
|
|
47,614 |
|
|
- |
|
|
- |
|
|
47,614 |
|
|
47,614 |
|
Machinery and Equipment |
|
- |
|
|
- |
|
|
58,843 |
|
|
58,843 |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
58,843 |
|
|
58,843 |
|
Furniture, Fixtures and Office Equipment |
|
- |
|
|
- |
|
|
1,347 |
|
|
1,347 |
|
39 |
|
39 |
|
|
- |
|
|
- |
|
1.386 |
|
|
1,386 |
|
|||
Leasehold Improvements |
|
- |
|
|
- |
|
437 |
|
437 |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
437 |
|
437 |
|
||||
Vehicles |
|
- |
|
|
- |
|
32 |
|
32 |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
32 |
|
32 |
|
||||
Less Accumulated Depreciation & Impairment |
|
- |
|
|
- |
|
(50,941) |
|
|
(50,781 |
) |
|
(5,080 |
) |
|
(5,037 |
) |
|
- |
|
|
- |
|
|
(56,021 |
) |
|
(55,818 |
) |
|
TOTAL PROPERTY & EQUIPMENT |
|
- |
|
|
- |
|
|
9,719 |
|
|
9,879 |
|
|
42,572 |
|
|
42,615 |
|
|
- |
|
|
- |
|
|
52,291 |
|
|
52,494 |
|
OTHER ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans to Insiders* |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
Other Assets (attach schedule) |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
TOTAL OTHER ASSETS |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL ASSETS |
|
1,154 |
|
934 |
|
|
14,055 |
|
|
14,237 |
|
|
44,666 |
|
|
44,813 |
|
|
- |
|
|
- |
|
|
59,876 |
|
|
59,984 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND OWNER EQUITY |
UC |
|
UMS |
|
UCF |
|
Eliminations |
|
Consolidated |
|
||||||||||||||||||||
LIABLIITIES NOT SUBJECT TO COMPROMISE (PostPetition) |
Period |
|
Petition |
|
Period |
|
Petition |
|
Period |
|
Petition |
|
Period |
|
Petition |
|
Period |
|
Petition |
|
||||||||||
Accounts Payable |
12 |
|
|
- |
|
69 |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
80 |
|
|
- |
|
|||
Taxes Payable (refer to FORM MOR-4) |
|
- |
|
|
- |
|
61 |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
61 |
|
|
- |
|
||
Wages Payable |
|
- |
|
|
- |
|
123 |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
123 |
|
|
- |
|
||
Notes Payable (Intercompany) |
|
(750 |
) |
|
- |
|
750 |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
Rent / Leases - Building/Equipment |
|
- |
|
|
- |
|
67 |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
67 |
|
|
- |
|
||
Secured Debt / Adequate Protection Payments |
|
1,000 |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
1,000 |
|
|
- |
|
Professional Fees |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
Amounts Due to Insiders* |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
Other Postpetition Liabilities (attach schedule) |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
TOTAL POSTPETITION LIABILITIES |
262 |
|
|
- |
|
|
1,070 |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
1,331 |
|
|
- |
|
|
LIABILITES SUBJECT TO COMPROMISE (Pre-Petition) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Secured Debt [1] |
|
130,804 |
|
|
130,804 |
|
|
133,554 |
|
|
133,554 |
|
|
100,581 |
|
|
100,623 |
|
|
(217,450 |
) |
|
(217,492 |
) |
|
147,489 |
|
|
147,489 |
|
Priority Debt [2] |
|
- |
|
|
- |
|
306 |
|
385 |
|
16 |
|
16 |
|
|
- |
|
|
- |
|
321 |
|
401 |
|
||||||
Unsecured Debt [3], [4] |
|
5,032 |
|
|
5,032 |
|
|
262,255 |
|
|
262,255 |
|
|
43,326 |
|
|
43,326 |
|
|
- |
|
|
- |
|
|
310,613 |
|
|
310,613 |
|
TOTAL PRE-PETITION LIABILITES |
|
135,836 |
|
|
135,836 |
|
|
396,115 |
|
|
396,194 |
|
|
143,923 |
|
|
143,965 |
|
|
(217,450 |
) |
|
(217,492 |
) |
|
458,424 |
|
|
458,503 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL LIABILITIES |
|
136,098 |
|
|
135,836 |
|
|
397,184 |
|
|
396,194 |
|
|
143,923 |
|
|
143,965 |
|
|
(217,450 |
) |
|
(217,492 |
) |
|
459,755 |
|
|
458,503 |
|
OWNER EQUITY |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common Stock |
|
(1,264 |
) |
|
(1,264 |
) |
|
(11 |
) |
|
(11 |
) |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
(1,275 |
) |
|
(1,275 |
) |
Treasury Stock |
|
- |
|
|
- |
|
|
(819 |
) |
|
(819 |
) |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
(819 |
) |
|
(819 |
) |
Additional Paid-In Capital |
|
278,277 |
|
|
278,277 |
|
|
(29,425 |
) |
|
(29,425 |
) |
|
(86,772 |
) |
|
(86,772 |
) |
|
- |
|
|
- |
|
|
162,080 |
|
|
162,080 |
|
Accumulated Other Comprehensive Income - Pre-petition |
|
- |
|
|
- |
|
|
(128 |
) |
|
(128 |
) |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
(128 |
) |
|
(128 |
) |
Retained Earnings - Pre-Petition |
|
(411,915 |
) |
|
(411,915 |
) |
|
(351,574 |
) |
|
(351,574 |
) |
|
(12,380 |
) |
|
(12,380 |
) |
|
217,450 |
|
|
217,492 |
|
|
(558,419 |
) |
|
(558,377 |
) |
Retained Earnings - Postpetition |
|
(42 |
) |
|
- |
|
|
(1,172 |
) |
|
- |
|
|
(105 |
) |
|
- |
|
|
- |
|
|
- |
|
|
(1,319 |
) |
|
- |
|
Adjustments to Owner Equity (attach schedule) |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
Postpetition Contributions (Distributions) (Draws) (attach schedule) |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
NET OWNER EQUITY |
|
(134,944 |
) |
|
(134,902 |
) |
|
(383,129 |
) |
|
(381,957 |
) |
|
(99,257 |
) |
|
(99,152 |
) |
|
217,450 |
|
|
217,492 |
|
|
(399,879 |
) |
|
(398,519 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL LIABILITES AND OWNERS' EQUITY |
$ |
1,154 |
|
$ |
934 |
|
$ |
14,055 |
|
$ |
14,237 |
|
$ |
44,666 |
|
$ |
44,813 |
|
$ |
- |
|
$ |
- |
|
$ |
59,876 |
|
$ |
59,984 |
|
*”Insider” is defined in 11 U.S.C. Section 101(31)
[1] Cross Farm LLC paid the monthly mortgage payment on 250 Cross Farm Lane from the escrow account under control of FNB.
[2] Paid certain priority wage claims per Court order.
[3] Consolidated pre-petition unsecured debt includes uneliminated intercompany payable claims. As per bankruptcy schedules, net intercompany receivables booked at $0.
[4] Added $72,047 in pre-petition invoices to the scheduled amount of UMS pre-petition unsecured debt. Reduced scheduled UMS pre-petition unsecured debt by $17,743.01 for post-petition amounts included in pre-petition balance for Chubb & Son. Further reduced scheduled amount of UMS pre-petition debt for severance overstated by $18,846.
FORM MOR-3
(04/07)
In re |
Unilife Corporation, et al. |
|
Case No. |
17-10805 |
|
|
Debtor |
|
Reporting Period: |
April 12, 2017 to April 30, 2017 |
BALANCE SHEET – continuation of sheet
|
|
BOOK VALUE AT END OF |
|
BOOK VALUE ON |
|
||
|
ASSETS |
CURRENT REPORTING MONTH |
|
PETITION DATE |
|
||
Other Current Assets |
|
|
|
|
|
|
|
|
Security Deposits |
|
250,511.20 |
|
|
250,511.20 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BOOK VALUE AT END OF |
|
BOOK VALUE ON |
|
||
|
LIABILITIES AND OWNER EQUITY |
CURRENT REPORTING MONTH |
|
PETITION DATE |
|
||
Other Postpetition Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjustments to Owner Equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Postpetition Contributions (Distributions) (Draws) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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.
FORM MOR-3 CONT’D
(04/07)
In re |
Unilife Corporation, et al. |
|
Case No. |
17-10805 |
|
|
Debtor |
|
Reporting Period: |
April 12, 2017 to April 30, 2017 |
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.
|
Beginning |
|
Amount |
|
|
|
|
|
|
Ending |
|
|||
|
Tax |
|
Withheld or |
|
Amount |
|
Date |
Check No. |
Tax |
|
||||
|
Liability |
|
Accrued |
|
Paid |
|
Paid |
or EFT |
Liability |
|
||||
Federal |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Withholding |
$ |
12,187 |
|
$ |
78,388 |
|
$ |
60,936 |
|
4/27/2017 |
WIRE |
$ |
29,639 |
|
FICA-Employee |
|
5,081 |
|
|
32,199 |
|
|
25,403 |
|
4/27/2017 |
WIRE |
|
11,877 |
|
FICA-Emoloyer |
|
5,081 |
|
|
32,199 |
|
|
25,403 |
|
4/27/2017 |
WIRE |
|
11,877 |
|
Unemployment |
|
5 |
|
|
31 |
|
|
24 |
|
4/27/2017 |
WIRE |
|
12 |
|
Income |
|
- |
|
|
- |
|
|
- |
|
|
|
|
- |
|
Other: |
|
- |
|
|
- |
|
|
- |
|
|
|
|
- |
|
Total Federal Taxes |
|
22,353 |
|
|
142,818 |
|
|
111,766 |
|
|
|
|
53,405 |
|
State and Local |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Withholding |
|
2,956 |
|
|
19,026 |
|
|
14,780 |
|
4/27/2017 |
WIRE |
|
7,202 |
|
Sales |
|
- |
|
|
- |
|
|
- |
|
|
|
|
- |
|
Excise |
|
- |
|
|
- |
|
|
- |
|
|
|
|
- |
|
Unemployment |
|
126 |
|
|
812 |
|
|
628 |
|
4/27/2017 |
WIRE |
|
310 |
|
Real Property |
|
- |
|
|
- |
|
|
- |
|
|
|
|
- |
|
Personal Property |
|
- |
|
|
- |
|
|
- |
|
|
|
|
- |
|
Other: |
|
- |
|
|
- |
|
|
- |
|
|
|
|
- |
|
Total State and Local |
|
3,082 |
|
|
19,838 |
|
|
15,408 |
|
4/27/2017 |
WIRE |
|
7,511 |
|
Total Taxes |
$ |
25,435 |
|
$ |
162,655 |
|
$ |
127,173 |
|
|
|
$ |
60,917 |
|
SUMMARY OF UNPAID POSTPETITION DEBTS
Attach aged listing of accounts payable.
Unilife Corporation:
|
Number of Days Past Due |
|
||||||||||||||||
|
Current |
|
0-30 |
|
31-60 |
|
61-90 |
|
Over 90 |
|
Total |
|
||||||
Accounts Payable |
|
- |
|
|
11,755 |
|
|
- |
|
|
- |
|
|
- |
|
|
11,755 |
|
Wages Payable |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
Taxes Payable |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
Rent/Leases-Building |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
Rent/Leases-Equipment |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
Secured Debt/Adequate Protections Payments |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
Professional Fees |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
Amounts Due to Insiders* |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
Other: |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
Other: |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
Total Postpetition Debts |
|
- |
|
|
11,755 |
|
|
- |
|
|
- |
|
|
- |
|
|
11,755 |
|
Unilife Medical Solutions, Inc.:
|
Number of Days Past Due |
|
||||||||||||||||
|
Current |
|
0-30 |
|
31-60 |
|
61-90 |
|
Over 90 |
|
Total |
|
||||||
Accounts Payable |
|
12,254 |
|
|
56,271 |
|
|
- |
|
|
- |
|
|
- |
|
|
68,524 |
|
Wages Payable |
|
123,265 |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
123,265 |
|
Taxes Payable |
|
60,917 |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
60,917 |
|
Rent/Leases-Building |
|
- |
|
|
66,881 |
|
|
- |
|
|
- |
|
|
- |
|
|
66,881 |
|
Rent/Leases-Equipment |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
Secured Debt/Adequate Protections Payments |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
Professional Fees |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
Amounts Due to Insiders* |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
Other: |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
Other: |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
Total Postpetition Debts |
|
196,435 |
|
|
123,151 |
|
|
- |
|
|
- |
|
|
- |
|
|
319,587 |
|
Explain how and when the Debtor intends to pay any past-due Postpetition debts.
*”Insider” is defined is 11 U.S.C. Section 101(31)
FORM MOR-4
(04/07)
In re |
Unilife Corporation, et al. |
|
Case No. |
17-10805 |
|
|
Debtor |
|
Reporting Period: |
April 12, 2017 to April 30, 2017 |
ACCOUNTS RECEIVABLE RECONCILIATION AND AGING
Accounts Receivable Reconciliation |
Amount |
|
|
|
Total Accounts Receivable at the beginning of the reporting period |
$ |
1,139,625 |
|
|
+ Amounts billed during the period |
|
56,854 |
|
|
- Amounts collected during the period |
|
(6,000 |
) |
|
Total Accounts Receivable at the end of the reporting period |
|
1,190,480 |
|
|
Accounts Receivable Aging |
Amount |
|
|
|
0 - 30 days old |
|
1,072,796 |
|
|
31 - 60 days old |
|
60,000 |
|
|
61 - 90 days old |
|
26,750 |
|
|
91+ days old |
|
30,934 |
|
|
Total Accounts Receivable |
|
1,190,480 |
|
|
Amount considered uncollectible (Bad Debt) |
|
(30,934 |
) |
|
Accounts Receivable (Net) |
$ |
1,159,546 |
|
|
DEBTOR QUESTIONNAIRE
Must be completed each month |
Yes |
No |
1. Have any assets been sold or transferred outside the normal course of business this reporting period? If yes, provide an explanation below. |
|
X |
2. Have any funds been disbursed from any account other than a debtor in possession account this reporting period? If yes, provide an explanation below. |
|
X |
3. Have all postpetition tax returns been timely filed? If no, provide an explanation below. |
X |
|
4. Are workers compensation, general liability and other necessary insurance coverages in effect? If no, provide an explanation below. |
X |
|
5. Has any bank account been opened during the reporting period? If yes, provide documentation identifying the opened accounts(s). If an investment account has been opened provide the required documentation pursuant to the Delaware Local Rule 4001-3. |
|
X |
FORM MOR-5
(04/07)