UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: October 1, 2020
(Date of earliest event reported)
YUMA ENERGY, INC.
(Exact name of registrant as specified in its charter)
Delaware (State or Other Jurisdiction of Incorporation) |
001-37932 (Commission File Number) |
94-0787340 (IRS Employer Identification No.) |
1177 West Loop South, Suite 1825
Houston, Texas 77027
(Address of principal executive offices) (Zip Code)
(713) 968-7000
(Registrant’s telephone number, including area code)
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) |
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☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered |
Common Stock, $0.001 par value per share |
YUMA |
NYSE American |
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, on April 15, 2020, the Company and three of its subsidiaries Yuma Exploration and Production Company, Inc., Davis Petroleum Corp., and The Yuma Companies, Inc. (collectively, the Company and the filing subsidiaries, the “Debtors”), filed voluntary Chapter 11 petitions for relief under the United States Bankruptcy Code in the U.S. Bankruptcy Court for the Northern District of Texas (the “Bankruptcy Court”). The Chapter 11 Proceeding is being administered under the caption and case number: In re Yuma Energy, Inc. Case No. 20-41455-11.
On September 29, 2020, the Debtors filed their monthly operating reports for the period from June 1, 2020 to June 30, 2020 (the “Monthly Operating Report”) with the Bankruptcy Court. The Monthly Operating Reports are attached hereto as Exhibits [99.1 - 99.4] and are incorporated herein by reference. This Current Report on Form 8-K (including the exhibits hereto) (this “Form 8-K”) will not be deemed an admission as to the materiality of any information disclosed herein. The Monthly Operating Reports and other documents filed with the Bankruptcy Court are available for inspection at https://cases.stretto.com/yumaenergy/. Documents and other information available on such website are not part of this Form 8-K and are not deemed to be incorporated by reference in this Form 8-K. The information contained in this Item 8.01, including Exhibits 99.1 - 99.4, are not deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and are not deemed to be incorporated by reference into any of the Company’s filings with the Securities and Exchange Commission (the “SEC”), whether made before or after the date hereof and regardless of any general incorporation language in such filings, except to the extent expressly set forth by specific reference in such a filing.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
The following exhibits are included with this Current Report on Form 8-K.
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Description |
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99.1 - 99.4 |
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Monthly Operating Reports for the period from June 1, 2020 to June 30, 2020, filed with the United States Bankruptcy Court for the Northern and Eastern Districts of Texas. |
EXHIBIT INDEX
Exhibit No. |
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Description |
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99.1 |
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99.2 |
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99.3 |
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99.4 |
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Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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YUMA ENERGY, INC. |
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Date: October 1, 2020 |
By: |
/s/ Anthony C. Schnur |
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Anthony C. Schnur |
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Chief Restructuring Officer |
Exhibit 99.1
Monthly Operating Report
CASH BASIS
CASE NAME: |
In re: Yuma Energy, Inc |
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CASE NUMBER: |
Case No. 20-41455-11 |
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JUDGE: |
MarkX Mullin |
UNITED STATES BANKRUPTCY COURT
NORTHERN & EASTERN DISTRICTS OF TEXAS
REGION6
MONTHLY OPERATING REPORT
MONTH ENDING: |
June |
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2020 |
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MONTH |
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YEAR |
IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING REPORT (CASH BASIS-I THROUGH CASH BASIS-6) AND THE ACCOMPANYING ATTACHMENTS AND,
TO THE BEST OF M \ ' KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT, AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY) IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE.
RESPONS I |
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Chief RestructurinB_ Officer |
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ORIGINAL SIGNATURE OF RESPONSIBLE PARTY |
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TITLE |
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Anthon}'. C. Schnur |
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7/31/2020 |
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PRINTED NAME OF RESPONSIBLE PARTY |
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DATE |
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PREPARER: |
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/s/ Kimberly Thomen |
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Controller |
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ORIGINAL SIGNATURE OF PREPARER |
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TITLE |
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Kimberly Thomen |
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7/31/2020 |
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PRINTED NAME OF PREPARER |
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DATE |
CASH BASIS-1
CASE NAME: |
In re: Yuma Energy, Inc |
CASE NUMBER: |
Case No. 20-41455-11 |
CASH RECEIPTS AND |
Apr-20 |
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May-20 |
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Jun-20 |
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MONTH |
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DISBURSEMENTS |
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1. CASH - BEGINNING OF MONTH |
$ |
- |
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$ |
- |
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$ |
- |
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$ |
- |
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RECEIPTS |
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2. CASH SALES |
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3. ACCOUNTS RECEIVABLE COLLECTIONS |
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4. LOANS AND ADVANCES |
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5. SALE OF ASSETS |
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6. LEASE & RENTAL INCOME |
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7. WAGES |
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8. OTHER (ATTACH LIST) |
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9. TOTAL RECEIPTS |
$ |
- |
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$ |
- |
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$ |
- |
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$ |
- |
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DISBURSEMENTS |
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10. NET PAYROLL |
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11. PAYROLL TAXES PAID |
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12. SALES,USE & OTHER TAXES PAID |
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13. INVENTORY PURCHASES |
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14. MORTAGE PAYMENTS |
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15. OTHER SECURED NOTE PAYMENTS |
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16. RENTAL & LEASE PAYMENTS |
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17. UTILITIES |
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18. INSURANCE |
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19. VEHICLE EXPENSES |
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20. TRAVEL |
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21. ENTERTAINMENT |
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22. REPAIRS & MAINTENANCE |
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23. SUPPLIES |
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24. ADVERTISING |
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25. HOUSEHOLD EXPENSES |
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26. CHARITABLE CONTRIBUTIONS |
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27. GIFTS |
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28. OTHER (ATTACH LIST) |
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29. TOTAL ORDINARY DISBURSEMENTS |
$ |
- |
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$ |
- |
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$ |
- |
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$ |
- |
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REORGANIZATION EXPENSES |
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30. PROFESSIONAL FEES |
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31. U.S. TRUSTEE FEES |
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32. OTHER (ATTACH LIST) |
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33. TOTAL REORGANIZATION EXPENSES |
$ |
- |
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$ |
- |
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$ |
- |
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$ |
- |
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34. TOTAL DISBURSEMENTS |
$ |
- |
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$ |
- |
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$ |
- |
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$ |
- |
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35. NET CASH FLOW |
$ |
- |
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$ |
- |
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$ |
- |
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$ |
- |
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36. CASH - END OF MONTH |
$ |
- |
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$ |
- |
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$ |
- |
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$ |
- |
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CASH BASIS-1A
2020
CASE NAME: |
In re: Yuma Energy, Inc |
CASE NUMBER: |
Case No. 20-41455-11 |
CASH DISBURSEMENTS DETAIL |
MONTH: |
June |
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CASH DISBURSEMENTS |
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DATE |
PAYEE |
PURPOSE |
AMOUNT |
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TOTAL CASH DISBURSEMENTS |
$ |
- |
BANK ACCOUNT DISBURSEMENTS |
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CK# |
DATE |
PAYEE |
PURPOSE |
AMOUNT |
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TOTAL BANK ACCOUNT DISBURSEMENTS |
$ |
- |
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TOTAL DISBURSEMENTS FOR THE MONTH |
$ |
- |
Monthly Operating Report
CASH BASIS-2
CASE NAME: |
In re: Yuma Energy, Inc |
CASE NUMBER: |
Case No. 20-41455-11 |
BANK RECONCILIATIONS |
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Acct #1 |
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Acct #2 |
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Acct #3 |
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A. BANK: |
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B. ACCOUNT NUMBER: |
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TOTAL |
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C. PURPOSE (TYPE): |
DIP Acct |
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1. BALANCE PER BANK STATEMENT |
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$ |
- |
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2. ADD: TOTAL DEPOSITS NOT CREDITED |
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$ |
- |
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3. SUBTRACT: OUTSTANDING CHECKS |
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$ |
- |
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4. OTHER RECONCILING ITEMS |
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$ |
- |
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5. MONTH END BALANCE PER BOOKS |
$ |
- |
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$ |
- |
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$ |
- |
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$ |
- |
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6. NUMBER OF LAST CHECK WRITTEN |
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INVESTMENT ACCOUNTS |
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DATE OF |
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TYPE OF |
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PURCHASE |
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CURRENT |
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PURCHASE |
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INSTRUMENT |
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PRICE |
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VALUE |
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BANK, ACCOUNT NAME & NUMBER |
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7. |
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8. |
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9. |
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10. |
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11. TOTAL INVESTMENTS |
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$ |
- |
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$ |
- |
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CASH |
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12. CURRENCY ON HAND |
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$ |
- |
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13. TOTAL CASH - END OF MONTH |
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$ |
- |
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Monthly Operating Report
CASH BASIS-3
CASE NAME: |
In re: Yuma Energy, Inc |
CASE NUMBER: |
Case No. 20-41455-11 |
ASSETS OF THE ESTATE |
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SCHEDULE "A" |
SCHEDULE |
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Apr-20 |
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May-20 |
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Jun-20 |
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REAL PROPERTY |
AMOUNT |
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1. Trade Recievables |
$ |
- |
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$ |
1,600.00 |
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$ |
1,600.00 |
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$ |
1,600.00 |
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2. Total Other Assets |
$ |
- |
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$ |
574,491.00 |
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$ |
574,491.00 |
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$ |
574,491.00 |
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3. |
$ |
- |
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4. OTHER (ATTACH LIST) |
$ |
- |
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5. TOTAL REAL PROPERTY ASSETS |
$ |
- |
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$ |
576,091.00 |
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$ |
576,091.00 |
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$ |
576,091.00 |
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SCHEDULE "B" |
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PERSONAL PROPERTY |
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1. CASH ON HAND |
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2. CHECKING, SAVINGS, ETC. |
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3. SECURITY DEPOSITS |
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4. HOUSEHOLD GOODS |
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5. BOOKS, PICTURES, ART |
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6. WEARING APPAREL |
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7. FURS AND JEWELRY |
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8. FIREARMS & SPORTS EQUIPMENT |
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9. INSURANCE POLICIES |
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10. ANNUITIES |
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11. EDUCATION |
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12. RETIREMENT & PROFIT SHARING |
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13. STOCKS |
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14. PARTNERSHIPS & JOINT VENTURES |
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15. GOVERNMENT & CORPORATE BONDS |
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16. ACCOUNTS RECEIVABLE |
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17. ALIMONY |
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18. OTHER LIQUIDATED DEBTS |
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19. EQUITABLE INTERESTS |
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20 CONTINGENT INTERESTS |
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21. OTHER CLAIMS |
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22. PATENTS & COPYRIGHTS |
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23. LICENSES & FRANCHISES |
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24. CUSTOMER LISTS |
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25. AUTOS, TRUCKS & OTHER VEHICLES |
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26. BOATS & MOTORS |
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27. AIRCRAFT |
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28. OFFICE EQUIPMENT |
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29. MACHINERY, FIXTURES & EQUIPMENT |
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30. INVENTORY |
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31. ANIMALS |
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32. CROPS |
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33. FARMING EQUIPMENT |
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34. FARM SUPPLIES |
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35. OTHER (ATTACH LIST) |
$ |
576,092.00 |
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36. TOTAL PERSONAL PROPERTY ASSETS |
$ |
576,092.00 |
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$ |
- |
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$ |
- |
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$ |
- |
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37. TOTAL ASSETS |
$ |
576,092.00 |
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$ |
576,091.00 |
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$ |
576,091.00 |
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$ |
576,091.00 |
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CASH BASIS-4
CASE NAME: |
In re: Yuma Energy, Inc |
CASE NUMBER: |
Case No. 20-41455-11 |
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MONTH: |
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June |
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||||
LIABILITIES OF THE ESTATE
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||||
PREPETITION |
SCHEDULE |
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|
|
LIABILITIES |
AMOUNT |
|
PAYMENTS |
|
|
|
|
|
||
1. SECURED |
$ |
- |
|
$ |
- |
|
|
|
|
|
2. PRIORITY |
$ |
48,000.00 |
|
$ |
- |
|
|
|
|
|
3. UNSECURED |
$ |
784,038.51 |
|
$ |
- |
|
|
|
|
|
4. OTHER (ATTACH LIST) |
$ |
- |
|
$ |
- |
|
|
|
|
|
5. TOTAL PREPETITION LIABILITIES |
$ |
832,038.51 |
|
$ |
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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POSTPETITION |
DATE |
|
AMOUNT |
|
DUE |
AMOUNT |
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|||
LIABILITIES |
INCURRED |
|
OWED |
|
DATE |
PAST DUE |
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|||
1. FEDERAL INCOME TAXES |
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2. FICA/MEDICARE |
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3. STATE TAXES |
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4. REAL ESTATE TAXES |
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5. OTHER TAXES (ATTACH LIST) |
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|
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6. TOTAL TAXES |
|
|
|
$ |
- |
|
|
$ |
- |
|
OTHER POSTPETITION LIABILITIES INCLUDING TRADE CREDITORS (LIST NAMES OF CREDITORS) |
|
|||||||||
7. YE Investments |
04/30/20 |
|
$ |
6,458.33 |
|
05/31/20 |
$ |
6,458.33 |
|
|
8. YE Investments |
05/31/20 |
|
$ |
13,347.22 |
|
06/30/20 |
$ |
- |
|
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9. |
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10. |
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11. |
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12. |
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13. |
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14. |
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15. |
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16. |
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17. |
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18. |
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19. |
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20. |
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21. |
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22. |
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23. |
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24. |
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25. |
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26. |
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27. |
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28. |
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29. (IF ADDITIONAL ATTACH LIST) |
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30. TOTAL OF LINES 7 - 29 |
|
|
|
$ |
19,805.56 |
|
|
$ |
6,458.33 |
|
31. TOTAL POSTPETITION LIABILITIES |
|
|
|
$ |
19,805.56 |
|
|
$ |
6,458.33 |
|
Monthly Operating Report
CASH BASIS-4A
CASE NAME: |
In re: Yuma Energy, Inc |
CASE NUMBER: |
Case No. 20-41455-11 |
|
|
|
|
|
MONTH: |
|
June |
|
||||
ACCOUNTS RECEIVABLE AGING |
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|
|
|
|
|
|
|
||||
|
SCHEDULE |
|
Apr-20 |
|
May-20 |
|
Jun-20 |
|
||||
|
AMOUNT |
|
|
|
|
|
|
|
|
|
|
|
1. 0 - 30 |
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|
|
|
|
|
|
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|
|
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2. 31 - 60 |
|
|
|
|
|
|
|
|
|
|
|
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3. 61 - 90 |
$ |
1,600.00 |
|
$ |
1,600.00 |
|
|
|
|
|
|
|
4. 91 + |
$ |
1.00 |
|
|
|
|
$ |
1,600.00 |
|
$ |
1,600.00 |
|
5. TOTAL ACCOUNTS RECEIVABLE |
$ |
1,601.00 |
|
$ |
1,600.00 |
|
$ |
1,600.00 |
|
$ |
1,600.00 |
|
6. AMOUNT CONSIDERED UNCOLLECTIBLE |
|
|
|
|
|
|
|
|
|
|
|
|
7. ACCOUNTS RECEIVABLE (NET) |
$ |
1,601.00 |
|
$ |
1,600.00 |
|
$ |
1,600.00 |
|
$ |
1,600.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AGING OF POSTPETITION TAXES |
|
|
||||||||||
AND PAYABLES |
0 - 30 |
|
31-60 |
|
90+ |
|
Total |
|
||||
TAXES PAYABLE |
DAYS |
|
DAYS |
|
DAYS |
|
|
|
|
|||
1. FEDERAL |
|
|
|
|
|
|
|
|
|
$ |
- |
|
2. STATE |
|
|
|
|
|
|
|
|
|
$ |
- |
|
3. LOCAL |
|
|
|
|
|
|
|
|
|
$ |
- |
|
4. OTHER (ATTACH LIST) |
|
|
|
|
|
|
|
|
|
$ |
- |
|
5. TOTAL TAXES PAYABLE |
$ |
- |
|
$ |
- |
|
$ |
- |
|
$ |
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6. ACCOUNTS PAYABLE |
$ |
13,347.22 |
|
$ |
- |
|
$ |
6,458.33 |
|
$ |
19,805.56 |
|
|
|
|
|
|
|
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STATUS OF POSTPETITION TAXES |
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|
||||||||||
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BEGINNING TAX |
|
AMOUNT WITHHELD |
|
AMOUNT |
|
ENDING TAX |
|
||||
FEDERAL |
LIABILITY |
|
OR ACCRUED |
|
PAID |
|
LIABILITY |
|
||||
1. WITHHOLDING |
|
|
|
|
|
|
|
|
|
$ |
- |
|
2. FICA-EMPLOYEE |
|
|
|
|
|
|
|
|
|
$ |
- |
|
3. FICA-EMPLOYER |
|
|
|
|
|
|
|
|
|
$ |
- |
|
4. UNEMPLOYMENT |
|
|
|
|
|
|
|
|
|
$ |
- |
|
5. INCOME |
|
|
|
|
|
|
|
|
|
$ |
- |
|
6. OTHER (ATTACH LIST) |
|
|
|
|
|
|
|
|
|
$ |
- |
|
7. TOTAL FEDERAL TAXES |
$ |
- |
|
$ |
- |
|
$ |
- |
|
$ |
- |
|
STATE AND LOCAL |
|
|
|
|
|
|
|
|
|
$ |
- |
|
8. WITHHOLDING |
|
|
|
|
|
|
|
|
|
$ |
- |
|
9. SALES |
|
|
|
|
|
|
|
|
|
$ |
- |
|
10. EXCISE |
|
|
|
|
|
|
|
|
|
$ |
- |
|
11. UNEMPLOYMENT |
|
|
|
|
|
|
|
|
|
$ |
- |
|
12. REAL PROPERTY |
|
|
|
|
|
|
|
|
|
$ |
- |
|
13. PERSONAL PROPERTY |
|
|
|
|
|
|
|
|
|
$ |
- |
|
14. OTHER (ATTACH LIST) |
|
|
|
|
|
|
|
|
|
$ |
- |
|
15. TOTAL STATE & LOCAL |
$ |
- |
|
$ |
- |
|
$ |
- |
|
$ |
- |
|
16. TOTAL TAXES |
$ |
- |
|
$ |
- |
|
$ |
- |
|
$ |
- |
|
Monthly Operating Report
CASH BASIS-5
CASE NAME: |
In re: Yuma Energy, Inc |
CASE NUMBER: |
Case No. 20-41455-11 |
MONTH: |
June |
PAYMENTS TO INSIDERS AND PROFESSIONALS |
INSIDERS |
|||||
NAME |
TYPE OF PAYMENT |
AMOUNT PAID |
TTL PD TO DATE |
||
1. |
|
|
|
||
2. |
|
|
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||
3. |
|
|
|
||
4. |
|
|
|
||
5. |
|
|
|
||
TOTAL PAYMENTS TO INSIDERS |
$ |
- |
$ |
- |
PROFESSIONALS |
|||||||||
NAME |
DATE OF COURT ORDER AUTHORIZING PAYMENT |
AMOUNT APPROVED |
AMOUNT PAID |
TTL PAID TO DATE |
TOTAL INCURRED & UNPAID |
||||
1. |
|
|
|
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|
||||
2. |
|
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|
||||
3. |
|
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|
||||
4. |
|
|
|
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|
||||
5. |
|
|
|
|
|
||||
TOTAL PAYMENTS TO PROFESSIONALS |
$ |
- |
$ |
- |
$ |
- |
$ |
- |
POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS |
NAME OF CREDITOR |
SCHEDULED MONTHLY PAYMENTS DUE |
AMOUNTS PAID DURING MONTH |
TOTAL UNPAID POST- PETITION |
|||
1. |
|
|
|
|||
2. |
|
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|
|||
3. |
|
|
|
|||
4. |
|
|
|
|||
5. |
|
|
|
|||
6. TOTAL |
$ |
- |
$ |
- |
$ |
- |
Monthly Operating Report
CASH BASIS-6
2020
CASE NAME: |
In re: Yuma Energy, Inc |
CASE NUMBER: |
Case No. 20-41455-11 |
MONTH: |
June |
QUESTIONNAIRE |
|
||
|
YES |
NO |
|
1. HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE THE NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD? |
|
X |
|
2. HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT OTHER THAN A DEBTOR IN POSSESSION ACCOUNT? |
|
X |
|
3. ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES OR LOANS) DUE FROM RELATED PARTIES? |
|
X |
|
4. HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES THIS REPORTING PERIOD? |
|
X |
|
5. HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE DEBTOR FROM ANY PARTY? |
|
X |
|
6. ARE ANY POSTPETITION PAYROLL TAXES PAST DUE? |
|
X |
|
7. ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES PAST DUE? |
|
X |
|
8. ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE? |
|
X |
|
9. ARE ANY OTHER POSTPETITION TAXES PAST DUE? |
|
X |
|
10. ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS DELINQUENT? |
|
X |
|
11. HAVE ANY PREPETITION TAXES BEEN PAID DURING THE REPORTING PERIOD? |
|
X |
|
12. ARE ANY WAGE PAYMENTS PAST DUE? |
|
X |
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "YES"; PROVIDE A DETAILED EXPLANATION OF EACH ITEM. ATTACH ADDITIONAL SHEETS IF NECESSARY.
INSURANCE |
|
||
|
YES |
NO |
|
1. ARE WORKER'S COMPENSATION, GENERAL LIABILITY AND OTHER NECESSARY INSURANCE COVERAGES IN EFFECT? |
|
X |
|
2. ARE ALL PREMIUM PAYMENTS PAID CURRENT? |
|
X |
|
3. PLEASE ITEMIZE POLICIES BELOW |
|
|
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "NO" OR IF ANY POLICIES HAVE BEEN CANCELED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE AN EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY.
INSTALLMENT PAYMENTS |
|
||
TYPE OF POLICY |
CARRIER |
PERIOD COVERED |
PAYMENT AMOUNT & FREQUENCY |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Installment Payments |
||||||
Type of Policy |
Insurance Company and General Agent |
Effective Date of Policy |
Policy Term |
Payment Amount |
Payment Frequency |
|
Hired N/O Auto |
Berkley Regional Insurance Co |
10/15/19 |
12 Months |
|
||
Workmen's Comp |
Berkley Regional Insurance Co |
10/15/19 |
12 Months |
|
|
|
Pollution |
Great American Ins Co Of New York |
10/15/19 |
12 Months |
|
|
|
Protection & Indemnity |
Great American Ins Co Of New York |
10/15/19 |
12 Months |
|
|
|
Maritime |
Lloyd's London ‐ Certain Underwrite |
10/15/19 |
12 Months |
|
|
|
Property |
Allianz Global Corporate & Specialty |
10/15/19 |
12 Months |
|
|
|
General Liability |
Markel International Ins Co Limited |
10/15/19 |
12 Months |
|
|
|
Excess Liability |
Markel International Ins Co Limited |
10/15/19 |
12 Months |
|
|
|
Control of Well |
Markel International Ins Co Limited |
10/15/19 |
12 Months |
|
|
|
Package |
Lloyd's London ‐ Certain Underwrite |
10/15/19 |
12 Months |
|
|
|
Fiduciary |
Axis Insurance Co |
10/15/19 |
12 Months |
|
|
|
Crime |
Axis Insurance Co |
10/15/19 |
12 Months |
|
|
|
Emp Pac Liability |
Axis Insurance Co |
10/15/19 |
12 Months |
|
|
|
Total Under IPFS
D&O |
Federal Insurance Company & Chubb Specialty Insurance |
12/15/19 |
12 Months |
$ |
60,814 |
Monthly |
D&O |
Ace American Insurance Company & Chubb Specialty Insurance |
12/15/19 |
12 Months |
|
|
|
Total Under AFCO |
|
|
|
$ |
20,759 |
Monthly |
Balance Sheet ‐ Yuma Energy, Inc.
As of 6/30/2020
Assets |
|
Liabilities and Equity |
||||||
Cash and cash equivalents |
|
$ |
‐ |
|
Current maturities‐bank debt |
|
$ |
- |
Trade receivables |
|
|
1,600 |
|
Notes payable‐ short term |
|
|
- |
Joint venture partner rec |
|
|
‐ |
|
Current maturities‐other |
|
|
1,735,252 |
Oil and gas revenue |
|
|
‐ |
|
Current maturities debt |
|
$ |
1,735,252 |
Allowance ‐ trade A/R |
|
|
‐ |
|
|
|
|
|
Officers and employees |
|
|
‐ |
|
Accounts payable ‐ trade |
|
$ |
- |
Other |
|
|
‐ |
|
Accounts payable ‐ officer |
|
|
1,070,554 |
Allowance ‐ other A/R |
|
|
‐ |
|
JV Partner Advances |
|
|
- |
Prepaids |
|
|
‐ |
|
Oil & gas distribution payable |
|
|
- |
Deferred charges and other |
|
|
‐ |
|
Intercompany advances, net |
|
|
(1,030,510) |
Total Current Assets |
|
$ |
1,600 |
|
Accounts payable |
|
$ |
40,044 |
|
|
|
|
|
|
|
|
|
Property and Equipment |
|
|
|
|
Other deferred credits |
|
$ |
- |
Not subject to amortization |
|
$ |
- |
|
Short term lease liability |
|
|
- |
Subject to amortization |
|
|
- |
|
Asset retirement obligations |
|
|
- |
Depletion |
|
|
- |
|
Accrued expenses and other |
|
|
85,099 |
Net Oil and Gas Properties |
|
$ |
- |
|
Total Current Liabilities |
|
$ |
1,860,395 |
|
|
|
|
|
|
|
|
|
Construction in progress |
|
$ |
- |
|
Bank debt |
|
$ |
850,000 |
Other property and equipment |
|
|
- |
|
Total Long‐Term Debt |
|
$ |
850,000 |
Aksum DD&A other prop |
|
|
- |
|
|
|
|
|
Net Other Property |
|
$ |
- |
|
Other Long‐Term Liabilities |
|
|
|
|
|
|
|
|
Asset retirement obligation |
|
$ |
- |
Other Assets |
|
|
|
|
Long term lease liability |
|
|
- |
Receivables from affiliate |
|
$ |
- |
|
Deferred rent credit |
|
|
- |
Investment in subs & prtnshp |
|
|
574,491 |
|
Restricted stock units |
|
|
- |
Deposits |
|
|
- |
|
Other |
|
|
- |
Operating right‐of‐use leases |
|
|
- |
|
Total Other Long‐Term Liabilities |
|
$ |
- |
Public offering costs |
|
|
- |
|
|
|
|
|
Other assets |
|
|
- |
|
Total Liabilities |
|
$ |
2,710,395 |
Total Other Assets |
|
$ |
574,491 |
|
|
|
|
|
|
|
|
|
|
Equity |
|
|
|
Total Assets |
|
$ |
576,091 |
|
Common stock |
|
$ |
1,552 |
|
|
|
|
|
Preferred stock |
|
|
2,188 |
|
|
|
|
|
Capital in excess of par |
|
|
3,255,234 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Distributions |
|
$ |
- |
|
|
|
|
|
Retained earnings |
|
|
(4,911,007) |
|
|
|
|
|
Current period income(loss) |
|
|
(41,228) |
|
|
|
|
|
Preferred stock accretion |
|
|
- |
|
|
|
|
|
Retained earnings |
|
$ |
(4,952,235) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Treasury stock, at cost |
|
$ |
(441,044) |
|
|
|
|
|
Total Equity |
|
$ |
(2,134,304) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Liabilities and Equity |
|
$ |
576,091 |
Exhibit 99.2
Monthly Operating Report
CASH BASIS
CASE NAME: |
In re: THE YUMA COMPANIES, INC., |
|
|
CASE NUMBER: |
Case No. 20-41454-11 |
|
|
JUDGE: |
Mark X Mulhn |
UNITED STATES BANKRUPTCY COURT
NORTHERN & EASTERN DISTRICTS OF TEXAS
REGION6
MONTHLY OPERATING REPORT
MONTH ENDING: |
June |
|
2020 |
|
MONTH |
|
YEAR |
IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UN ITED STATES CODE, I DECLARE UNDER PENALTY OF PERJU R'\' THAT I HAVE EXAMINED THE FOLLOW ING MONTHLY OPERATING REPORT (CASH BASIS-I THROUGH CASH BASIS-6) AND THE ACCOMPANYING ATTACHMENTS AND,
TO THE BEST OF MY KNOWLEDGE , THESE DOCUMENTS ARE TRUE, CORRECT, AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY) IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE.
RESPONSIBLE PARTY:
|
|
Chief Restructurm _ g_ Officer |
|
|
TITLE |
Anlhonx_ C. Schnur |
|
7/20/2020 |
PRINTED NAME OF RESPONSIBLE PARTY |
|
DATE |
PREPAREu•
|
|
Controller |
|
|
TITLE |
Kimberlx_ Thomen |
|
7/2 0/2020 |
PRINTED NAME OF PREPARER |
|
DATE |
Monthly Operating Report
CASH BASIS-1
CASE NAME:In re: THE YUMA COMPANIES, INC., |
CASE NUMBER:Case No. 20-41454-11 |
CASH RECEIPTS AND DISBURSEMENTS |
Apr-20 |
May-20 |
Jun-20 |
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|
|
|
||||
1. CASH - BEGINNING OF MONTH |
$ |
73,366.08 |
$ |
21,922.16 |
$ |
246,402.70 |
RECEIPTS |
|
|
|
|||
2. CASH SALES |
$ |
- |
$ |
- |
|
|
3. ACCOUNTS RECEIVABLE COLLECTIONS |
- |
30.48 |
|
|||
4. LOANS AND ADVANCES |
- |
- |
|
|||
5. SALE OF ASSETS |
- |
- |
|
|||
6. LEASE & RENTAL INCOME |
- |
- |
|
|||
7. WAGES |
- |
- |
|
|||
8. OTHER (ATTACH LIST) |
- |
347,023.99 |
14,184.12 |
|||
9. TOTAL RECEIPTS |
$ |
- |
$ |
347,054.47 |
$ |
14,184.12 |
DISBURSEMENTS |
|
|
|
|||
10. NET PAYROLL |
$ |
36,556.25 |
$ |
61,128.17 |
$ |
63,078.78 |
11. PAYROLL TAXES PAID |
14,184.46 |
21,839.89 |
$ |
15,917.70 |
||
12. SALES,USE & OTHER TAXES PAID |
- |
- |
|
|||
13. INVENTORY PURCHASES |
- |
- |
|
|||
14. MORTAGE PAYMENTS |
- |
- |
|
|||
15. OTHER SECURED NOTE PAYMENTS |
- |
- |
|
|||
16. RENTAL & LEASE PAYMENTS |
- |
- |
$ |
8,000.00 |
||
17. UTILITIES |
- |
554.35 |
$ |
1,564.48 |
||
18. INSURANCE |
- |
1,985.50 |
$ |
5,870.91 |
||
19. VEHICLE EXPENSES |
- |
- |
|
|||
20. TRAVEL |
- |
- |
|
|||
21. ENTERTAINMENT |
- |
- |
|
|||
22. REPAIRS & MAINTENANCE |
- |
- |
|
|||
23. SUPPLIES |
- |
113.87 |
|
|||
24. ADVERTISING |
- |
- |
|
|||
25. HOUSEHOLD EXPENSES |
- |
- |
|
|||
26. CHARITABLE CONTRIBUTIONS |
- |
- |
|
|||
27. GIFTS |
- |
- |
|
|||
28. OTHER (ATTACH LIST) |
703.21 |
36,636.89 |
$ |
47,243.91 |
||
29. TOTAL ORDINARY DISBURSEMENTS |
$ |
51,443.92 |
$ |
122,258.67 |
$ |
141,675.78 |
REORGANIZATION EXPENSES |
|
|
|
|||
30. PROFESSIONAL FEES |
$ |
- |
$ |
- |
|
|
31. U.S. TRUSTEE FEES |
- |
- |
|
|||
32. OTHER (ATTACH LIST) |
- |
- |
|
|||
33. TOTAL REORGANIZATION EXPENSES |
$ |
- |
$ |
- |
$ |
- |
34. TOTAL DISBURSEMENTS |
$ |
51,443.92 |
$ |
122,258.67 |
$ |
141,675.78 |
35. NET CASH FLOW |
$ |
(51,443.92) |
$ |
224,795.80 |
$ |
(127,491.66) |
36. CASH - END OF MONTH |
$ |
21,922.16 |
$ |
246,717.96 |
$ |
118,911.04 |
Monthly Operating Report
CASH BASIS-1A
2020
CASE NAME:In re: THE YUMA COMPANIES, INC., |
CASE NUMBER:Case No. 20-41454-11 |
CASH DISBURSEMENTS DETAIL |
MONTH: June |
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CASH DISBURSEMENTS |
||||||
DATE |
PAYEE |
PURPOSE |
AMOUNT |
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|
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TOTAL CASH DISBURSEMENTS |
$ |
- |
BANK ACCOUNT DISBURSEMENTS |
|||||
CK# |
DATE |
PAYEE |
PURPOSE |
AMOUNT |
|
wire |
06/11/20 |
ADP |
10. Payroll |
$ |
33,918.86 |
wire |
06/22/20 |
ADP - fees |
10. Payroll |
$ |
218.79 |
wire |
06/26/20 |
ADP |
10. Payroll |
$ |
33,616.46 |
35008 |
06/16/20 |
Houston - 1177 West Loop South |
16. Rental & Lease |
$ |
8,000.00 |
35005 |
06/16/20 |
Comcast |
17. Utilities |
$ |
489.40 |
35019 |
06/19/20 |
Comcast |
17. Utilities |
$ |
1,075.08 |
35003 |
06/22/20 |
Blue Cross Blue Shield |
18. Insurance |
$ |
4,603.14 |
35011 |
06/17/20 |
Mutual of Omaha |
18. Insurance |
$ |
1,192.38 |
35015 |
06/15/20 |
Vision Service Plan |
18. Insurance |
$ |
75.39 |
35004 |
06/16/20 |
Blue Dog Consulting Group |
Critical Vendor |
$ |
200.00 |
35006 |
06/16/20 |
Derik Ellis |
Critical Vendor |
$ |
3,636.80 |
35009 |
06/15/20 |
IHS Global |
Critical Vendor |
$ |
173.32 |
35012 |
06/16/20 |
EnergyLink Holdings |
Critical Vendor |
$ |
92.75 |
35014 |
06/17/20 |
Stewart Organization |
Critical Vendor |
$ |
34.83 |
35017 |
06/16/20 |
Blue Dog Consulting Group |
Critical Vendor |
$ |
1,400.00 |
35020 |
06/16/20 |
Derik Ellis |
Critical Vendor |
$ |
1,684.80 |
35021 |
06/17/20 |
Secure Networkers |
Critical Vendor |
$ |
3,942.47 |
35022 |
06/16/20 |
Solium Capital |
Critical Vendor |
$ |
539.94 |
wire |
06/22/20 |
USI Southwest, Inc. |
Critical Vendor |
$ |
1,316.70 |
wire |
06/30/20 |
wire fees |
Critical Vendor |
$ |
51.00 |
acct transfer |
06/04/20 |
Fund new YE&P / Davis accts |
Internal Transfer |
$ |
45,000.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL BANK ACCOUNT DISBURSEMENTS |
$ |
141,262.11 |
TOTAL DISBURSEMENTS FOR THE MONTH |
$ |
141,262.11 |
Monthly Operating Report
CASH BASIS-2
CASE NAME:In re: THE YUMA COMPANIES, INC., |
CASE NUMBER:Case No. 20-41454-11 |
BANK RECONCILIATIONS |
Acct #1 |
Acct #2 |
Acct #3 |
|
||||
A. BANK: |
Legacy Texas |
Legacy Texas |
Allegiance Bank |
TOTAL |
||||
B. ACCOUNT NUMBER: |
9621 |
9639 |
2378 |
|||||
C. PURPOSE (TYPE): |
YCI Op Acct |
YCI Payroll |
YCI - Oper |
|||||
1. BALANCE PER BANK STATEMENT |
$ |
(66.61) |
$ |
- |
$ |
246,402.70 |
$ |
246,336.09 |
2. ADD: TOTAL DEPOSITS NOT CREDITED |
$ |
- |
$ |
- |
$ |
14,184.12 |
$ |
14,184.12 |
3. SUBTRACT: OUTSTANDING CHECKS |
$ |
- |
$ |
- |
$ |
430.63 |
$ |
430.63 |
4. OTHER RECONCILING ITEMS |
$ |
83.57 |
$ |
- |
$ |
(141,262.11) |
$ |
(141,178.54) |
5. MONTH END BALANCE PER BOOKS |
$ |
16.96 |
$ |
- |
$ |
118,894.08 |
$ |
118,911.04 |
6. NUMBER OF LAST CHECK WRITTEN |
52020 |
|
35023 |
|
INVESTMENT ACCOUNTS |
|
|||||
DATE OF PURCHASE |
TYPE OF INSTRUMENT |
PURCHASE PRICE |
CURRENT VALUE |
|||
BANK, ACCOUNT NAME & NUMBER |
||||||
7. |
|
|
|
|
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8. |
|
|
|
|
||
9. |
|
|
|
|
||
10. |
|
|
|
|
||
11. TOTAL INVESTMENTS |
|
|
$ |
- |
$ |
- |
CASH |
|
||
12. CURRENCY ON HAND |
$ |
- |
13. TOTAL CASH - END OF MONTH |
$ |
118,911.04 |
(1)The Legacy Texas bank accounts were closed on May 29, 2020 and the money from the combined Yuma Companies, Yuma Exploration & Production, and Davis Petroleum accounts were transferred to Allegiance Bank DIP account 1004122378 on 5/29/2020. On June 4, 2020, $45,000 was transferred out of the Yuma Companies account 2378 to the the Yuma Exploration & Production and Davis Petroleum bank accounts to fund those accounts.
|
(2) |
Petty cash was deposited on 6/26/2020. |
Monthly Operating Report
CASH BASIS-3
CASE NAME:In re: THE YUMA COMPANIES, INC., |
CASE NUMBER:Case No. 20-41454-11 |
ASSETS OF THE ESTATE |
|
|||||||
SCHEDULE "A" REAL PROPERTY |
SCHEDULE AMOUNT |
Apr-20 |
May-20 |
Jun-20 |
||||
|
|
|
||||||
1. Total Current Assets |
$ |
- |
$ |
208,686.46 |
$ |
407,418.70 |
$ |
279,612.00 |
2. Net Other Property |
$ |
- |
$ |
263,278.66 |
$ |
263,278.66 |
$ |
252,029.00 |
3. Total Other Assets |
$ |
- |
$ |
16,227,523.08 |
$ |
16,227,523.08 |
$ |
16,227,523.08 |
4. OTHER (ATTACH LIST) |
$ |
- |
$ |
- |
|
|
||
5. TOTAL REAL PROPERTY ASSETS |
$ |
- |
$ |
16,699,488.20 |
$ |
16,898,220.44 |
$ |
16,759,164.08 |
SCHEDULE "B" PERSONAL PROPERTY |
|
|||||||
1. CASH ON HAND |
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|
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|
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2. CHECKING, SAVINGS, ETC. |
|
|
|
|
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3. SECURITY DEPOSITS |
|
|
|
|
||||
4. HOUSEHOLD GOODS |
|
|
|
|
||||
5. BOOKS, PICTURES, ART |
|
|
|
|
||||
6. WEARING APPAREL |
|
|
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|
||||
7. FURS AND JEWELRY |
|
|
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|
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8. FIREARMS & SPORTS EQUIPMENT |
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|
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9. INSURANCE POLICIES |
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|
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10. ANNUITIES |
|
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|
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11. EDUCATION |
|
|
|
|
||||
12. RETIREMENT & PROFIT SHARING |
|
|
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|
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13. STOCKS |
|
|
|
|
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14. PARTNERSHIPS & JOINT VENTURES |
|
|
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|
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15. GOVERNMENT & CORPORATE BONDS |
|
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|
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16. ACCOUNTS RECEIVABLE |
|
|
|
|
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17. ALIMONY |
|
|
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|
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18. OTHER LIQUIDATED DEBTS |
|
|
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|
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19. EQUITABLE INTERESTS |
|
|
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|
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20. CONTINGENT INTERESTS |
|
|
|
|
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21. OTHER CLAIMS |
|
|
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|
||||
22. PATENTS & COPYRIGHTS |
|
|
|
|
||||
23. LICENSES & FRANCHISES |
|
|
|
|
||||
24. CUSTOMER LISTS |
|
|
|
|
||||
25. AUTOS, TRUCKS & OTHER VEHICLES |
|
|
|
|
||||
26. BOATS & MOTORS |
|
|
|
|
||||
27. AIRCRAFT |
|
|
|
|
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28. OFFICE EQUIPMENT |
|
|
|
|
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29. MACHINERY, FIXTURES & EQUIPMENT |
|
|
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|
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30. INVENTORY |
|
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|
|
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31. ANIMALS |
|
|
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|
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32. CROPS |
|
|
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|
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33. FARMING EQUIPMENT |
|
|
|
|
||||
34. FARM SUPPLIES |
|
|
|
|
||||
35. OTHER (ATTACH LIST) |
$ |
16,755,982.86 |
|
|
|
|||
36. TOTAL PERSONAL PROPERTY ASSETS |
$ |
16,755,982.86 |
$ |
- |
$ |
- |
$ |
- |
37. TOTAL ASSETS |
$ |
16,755,982.86 |
$ |
16,699,488.20 |
$ |
16,898,220.44 |
$ |
16,759,164.08 |
Monthly Operating Report
CASH BASIS-4
CASE NAME:In re: THE YUMA COMPANIES, INC., |
CASE NUMBER:Case No. 20-41454-11 |
MONTH: June
LIABILITIES OF THE ESTATE |
|
|||
PREPETITION LIABILITIES |
SCHEDULE AMOUNT |
PAYMENTS |
||
1. SECURED |
$ |
- |
|
|
2. PRIORITY |
$ |
- |
|
|
3. UNSECURED |
$ |
1,171,552.35 |
|
|
4. OTHER (ATTACH LIST) |
$ |
- |
|
|
5. TOTAL PREPETITION LIABILITIES |
$ |
1,171,552.35 |
$ |
- |
POSTPETITION LIABILITIES |
DATE INCURRED |
AMOUNT OWED |
DUE DATE |
AMOUNT PAST DUE |
||
1. FEDERAL INCOME TAXES |
|
|
|
|
||
2. FICA/MEDICARE |
|
|
|
|
||
3. STATE TAXES |
|
|
|
|
||
4. REAL ESTATE TAXES |
|
|
|
|
||
5. OTHER TAXES (ATTACH LIST) |
|
|
|
|
||
6. TOTAL TAXES |
|
$ |
- |
|
$ |
- |
OTHER POSTPETITION LIABILITIES INCLUDING TRADE CREDITORS (LIST NAMES OF CREDITORS) |
||||||
7 |
|
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8See attached list |
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9 |
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10 |
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11 |
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12 |
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13 |
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14 |
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15 |
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16 |
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17 |
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18 |
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19 |
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20 |
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21 |
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22 |
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23 |
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24 |
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25 |
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26 |
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27 |
|
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28 |
|
|
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||
29. (IF ADDITIONAL ATTACH LIST) |
|
192,922.80 |
|
$ |
69,972.80 |
|
30. TOTAL OF LINES 7 - 29 |
|
$ |
192,922.80 |
|
$ |
69,972.80 |
31. TOTAL POSTPETITION LIABILITIES |
|
$ |
192,922.80 |
|
$ |
69,972.80 |
Monthly Operating Report
CASH BASIS-4A
CASE NAME: |
In re: THE YUMA COMPANIES, INC., |
CASE NUMBER: |
Case No. 20-41454-11 |
|
MONTH: |
June |
|||||||
ACCOUNTS RECEIVABLE AGING |
|
||||||||
SCHEDULE AMOUNT |
Apr-20 |
May-20 |
Jun-20 |
||||||
|
|||||||||
1. 0 - 30 |
$ |
30.48 |
$ |
30.48 |
$ |
- |
$ |
- |
|
2. 31 - 60 |
$ |
- |
$ |
- |
$ |
- |
$ |
- |
|
3. 61 - 90 |
$ |
- |
$ |
- |
$ |
- |
$ |
- |
|
4. 91 + |
$ |
- |
$ |
- |
$ |
- |
$ |
- |
|
5. TOTAL ACCOUNTS RECEIVABLE |
$ |
30.48 |
$ |
30.48 |
$ |
- |
$ |
- |
|
6. AMOUNT CONSIDERED UNCOLLECTIBLE |
|
|
|
|
|
|
|
|
|
7. ACCOUNTS RECEIVABLE (NET) |
$ |
30.48 |
$ |
30.48 |
$ |
- |
$ |
- |
AGING OF POSTPETITION TAXES AND PAYABLES |
|
|||||||
0 - 30 DAYS |
31-60 DAYS |
90+ DAYS |
Total |
|||||
TAXES PAYABLE |
||||||||
1. FEDERAL |
|
|
|
|
|
|
$ |
- |
2. STATE |
|
|
|
|
|
|
$ |
- |
3. LOCAL |
|
|
|
|
|
|
$ |
- |
4. OTHER (ATTACH LIST) |
|
|
|
|
|
|
$ |
- |
5. TOTAL TAXES PAYABLE |
$ |
- |
$ |
- |
$ |
- |
$ |
- |
6. ACCOUNTS PAYABLE |
$ |
122,950.00 |
$ |
69,972.80 |
$ |
- |
$ |
192,922.80 |
STATUS OF POSTPETITION TAXES
FEDERAL |
|
|||||||
BEGINNING TAX LIABILITY |
AMOUNT WITHHELD OR ACCRUED |
AMOUNT PAID |
ENDING TAX LIABILITY |
|||||
1. WITHHOLDING |
|
|
|
|
|
|
$ |
- |
2. FICA-EMPLOYEE |
|
|
|
|
|
|
$ |
- |
3. FICA-EMPLOYER |
|
|
|
|
|
|
$ |
- |
4. UNEMPLOYMENT |
|
|
|
|
|
|
$ |
- |
5. INCOME |
|
|
|
|
|
|
$ |
- |
6. OTHER (ATTACH LIST) |
|
|
|
|
|
|
$ |
- |
7. TOTAL FEDERAL TAXES |
$ |
- |
$ |
- |
$ |
- |
$ |
- |
STATE AND LOCAL |
|
|
|
|
|
|
$ |
- |
8. WITHHOLDING |
|
|
|
|
|
|
$ |
- |
9. SALES |
|
|
|
|
|
|
$ |
- |
10. EXCISE |
|
|
|
|
|
|
$ |
- |
11. UNEMPLOYMENT |
|
|
|
|
|
|
$ |
- |
12. REAL PROPERTY |
|
|
|
|
|
|
$ |
- |
13. PERSONAL PROPERTY |
|
|
|
|
|
|
$ |
- |
14. OTHER (ATTACH LIST) |
|
|
|
|
|
|
$ |
- |
15. TOTAL STATE & LOCAL |
$ |
- |
$ |
- |
$ |
- |
$ |
- |
16. TOTAL TAXES |
$ |
- |
$ |
- |
$ |
- |
$ |
- |
Monthly Operating Report
CASH BASIS-5
CASE NAME: |
In re: THE YUMA COMPANIES, INC., |
CASE NUMBER: |
Case No. 20-41454-11 |
MONTH: June
PAYMENTS TO INSIDERS AND PROFESSIONALS |
|||||
|
|||||
INSIDERS |
|||||
NAME |
TYPE OF PAYMENT |
AMOUNT PAID |
TTL PD TO DATE |
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1. |
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2. |
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3. |
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4. |
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5. |
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||
TOTAL PAYMENTS TO INSIDERS |
$ |
- |
$ |
- |
PROFESSIONALS |
|||||||||
NAME |
DATE OF COURT ORDER AUTHORIZING PAYMENT |
AMOUNT APPROVED |
AMOUNT PAID |
TTL PAID TO DATE |
TOTAL INCURRED & UNPAID |
||||
1. |
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2. |
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3. |
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4. |
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||||
5. |
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|
||||
TOTAL PAYMENTS TO PROFESSIONALS |
$ |
- |
$ |
- |
$ |
- |
$ |
- |
POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS
NAME OF CREDITOR |
SCHEDULED MONTHLY PAYMENTS DUE |
AMOUNTS PAID DURING MONTH |
TOTAL UNPAID POST- PETITION |
|||
1. |
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2. |
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|||
3. |
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|||
4. |
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|||
5. |
|
|
|
|||
6. TOTAL |
$ |
- |
$ |
- |
$ |
- |
Monthly Operating Report
CASH BASIS-6
2020
CASE NAME: |
In re: THE YUMA COMPANIES, INC., |
|
CASE NUMBER: |
Case No. 20-41454-11 |
|
MONTH: June |
||
QUESTIONNAIRE |
|
||
|
YES |
NO |
|
1. HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE THE NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD? |
X |
|
|
2. HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT OTHER THAN A DEBTOR IN POSSESSION ACCOUNT? |
|
X |
|
3. ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES OR LOANS) DUE FROM RELATED PARTIES? |
|
X |
|
4. HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES THIS REPORTING PERIOD? |
|
X |
|
5. HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE DEBTOR FROM ANY PARTY? |
|
X |
|
6. ARE ANY POSTPETITION PAYROLL TAXES PAST DUE? |
|
X |
|
7. ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES PAST DUE? |
|
X |
|
8. ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE? |
|
X |
|
9. ARE ANY OTHER POSTPETITION TAXES PAST DUE? |
|
X |
|
10. ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS DELINQUENT? |
X |
|
|
11. HAVE ANY PREPETITION TAXES BEEN PAID DURING THE REPORTING PERIOD? |
|
X |
|
12. ARE ANY WAGE PAYMENTS PAST DUE? |
|
X |
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "YES"; PROVIDE A DETAILED EXPLANATION OF EACH ITEM. ATTACH ADDITIONAL SHEETS IF NECESSARY.
1. |
Art and excess furniture were sold. |
10. |
Agreed that payments would be made at sale closing which has been delayed. |
INSURANCE |
|
||
|
|
|
|
1. ARE WORKER'S COMPENSATION, GENERAL LIABILITY AND OTHER NECESSARY INSURANCE COVERAGES IN EFFECT? |
|
|
|
2. ARE ALL PREMIUM PAYMENTS PAID CURRENT? |
X |
|
|
3. PLEASE ITEMIZE POLICIES BELOW |
|
|
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "NO" OR IF ANY POLICIES HAVE BEEN CANCELED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE AN EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY.
|
|
|
|
|
|
INSTALLMENT PAYMENTS |
|
|||
TYPE OF POLICY |
CARRIER |
PERIOD COVERED |
PAYMENT AMOUNT & FREQUENCY |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Yuma Companies Inc ‐ Post Petition Accounts Payable
As of 6/30/2020
Invoice Date |
Due Date Vendor |
Invoice Number |
Net Value |
|
05/01/20 |
05/02/20 |
AFCO |
20200501 |
21,796.92 |
04/29/20 |
05/09/20 |
AT&T |
20200429 |
167.03 |
4/12/20 |
5/12/20 |
AT&T Long Distance |
2020412 |
5.16 |
5/12/20 |
5/12/20 |
AT&T Long Distance |
857183869‐05 |
21.67 |
04/19/20 |
05/14/20 |
AT&T |
7586524504‐A |
1,588.48 |
04/19/20 |
05/14/20 |
AT&T |
7586524504‐B |
235.26 |
4/15/20 |
5/15/20 |
WolfePak Softare |
M‐038073 |
3,600.00 |
04/29/20 |
05/22/20 |
FisherBroyles, LLP |
308544A |
25,000.00 |
04/23/20 |
05/23/20 |
LogMeIn USA, Inc. |
1207957622 |
20.52 |
4/28/20 |
5/28/20 |
WolfePak Softare |
S‐305094 |
263.14 |
05/14/20 |
05/29/20 |
Advantage Financial Services |
27048201 |
291.19 |
04/30/20 |
05/30/20 |
Access |
8102888‐B |
167.89 |
4/30/20 |
5/30/20 |
Stretto |
3533 |
16,815.54 |
05/01/20 |
06/01/20 |
R. Reese and Associates, PLLC |
20‐059A |
2,205.00 |
05/01/20 |
06/01/20 |
R. Reese and Associates, PLLC |
20‐059B |
701.00 |
05/22/20 |
06/05/20 |
AT&T Mobility |
20200528 |
195.90 |
05/11/20 |
06/11/20 |
Seaport Global Securities LLC |
INV‐02848 |
15,000.00 |
5/15/20 |
6/15/20 |
DataRooms.com, LLC |
19265 |
1,462.82 |
6/12/20 |
6/17/20 |
AT&T Long Distance |
20200622 |
90.66 |
05/20/20 |
06/20/20 |
Holzknecht Umali, Inc. |
12911 |
2,499.00 |
05/27/20 |
06/27/20 |
Computershare Inc. |
1830363‐B |
549.27 |
5/27/20 |
6/27/20 |
Quadient Leasing USA, Inc. |
N8320036 |
896.38 |
05/31/20 |
06/30/20 |
Access |
8170193 |
315.00 |
05/31/20 |
06/30/20 |
IHS Global Inc |
91109188 |
325.17 |
05/31/20 |
06/30/20 |
Stewart Organization Inc |
1746223 |
10.83 |
5/31/20 |
6/30/20 |
Stretto |
3632 |
9,832.79 |
6/1/20 |
7/1/20 |
Issuer Direct Corporation |
1066334 |
3,186.49 |
6/1/20 |
7/1/20 |
R. Reese and Associates, PLLC |
20‐080 |
81.00 |
6/18/20 |
7/3/20 |
FedEx |
7‐042‐03961 |
26.93 |
6/4/20 |
7/4/20 |
Compuforms Data Products, Inc. |
4‐605‐20 |
215.07 |
6/4/20 |
7/4/20 |
Xerox Corporation |
10551031 |
40.71 |
6/5/20 |
7/5/20 |
Computershare Inc. |
1845207 |
981.30 |
06/11/20 |
07/11/20 |
Seaport Global Securities LLC |
INV‐03003 |
15,000.00 |
6/15/20 |
7/15/20 |
Advantage Financial Services |
27246484 |
322.71 |
6/15/20 |
7/15/20 |
Dorsey & Whitney LLP |
3587660 |
63,977.50 |
6/30/20 |
7/30/20 |
IHS Global Inc |
91128756 |
325.17 |
6/30/20 |
7/30/20 |
Stretto |
3738 |
4,709.30 |
|
|
|
|
|
Total |
|
|
|
$192,922.8 |
The Yuma Companies
Support for Page 1
Receipts |
|
|||||
Check Number |
Date |
Payor |
Purpose |
Type |
Amount |
|
|
06/01/20 |
From Legacy Texas accounts |
Internal Transfer |
8. OTHER |
$ |
2,436.00 |
|
06/04/20 |
COBRA reimbursement |
Other |
8. OTHER |
88.00 |
|
|
06/04/20 |
Sam Skipper Co |
Sale of furniture |
8. OTHER |
550.00 |
|
|
06/23/20 |
IOLTA |
Refund |
8. OTHER |
28.25 |
|
|
06/23/20 |
Sam Skipper Co |
Sale of art |
8. OTHER |
600.00 |
|
|
06/23/20 |
Sam Skipper Co |
Sale of art |
8. OTHER |
6,600.00 |
|
|
06/26/20 |
Deposit petty cash |
Other |
8. OTHER |
381.87 |
|
|
06/26/20 |
Sam Skipper Co |
Sale of art |
8. OTHER |
3,500.00 |
|
|
|
|
|
|
|
|
Total
Disbursements |
|
|
|
|
$ |
14,184.12 |
Check Number |
Date |
Payee |
Purpose |
Category |
Amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
|
|
|
$ |
‐ |
Balance Sheet ‐ The Yuma Companies, Inc.
As of 6/30/2020
Assets |
|
|
Liabilities and Equity |
|
|||||||
Cash and cash equivalents |
$ |
118,911 |
|
Current maturities‐bank debt |
$ |
‐ |
|||||
Trade receivables |
‐ |
|
Notes payable‐ short term |
183,889 |
|||||||
Joint venture partner rec |
‐ |
|
Current maturities‐other |
‐ |
|||||||
Oil and gas revenue |
‐ |
|
Current maturities debt |
$ |
183,889 |
||||||
Allowance ‐ trade A/R |
‐ |
|
|
|
|||||||
Officers and employees |
‐ |
|
Accounts payable ‐ trade |
$ |
1,156,879 |
||||||
Other |
‐ |
|
Accounts payable ‐ officer |
(1,070,553) |
|||||||
Allowance ‐ other A/R |
‐ |
|
JV Partner Advances |
‐ |
|||||||
Prepaids |
160,701 |
|
Oil & gas distribution payable |
‐ |
|||||||
Deferred charges and other |
- |
|
Intercompany advances, net |
(6,472,351) |
|||||||
Total Current Assets |
$ |
279,612 |
|
Accounts payable |
$ |
(6,386,025) |
|||||
|
|
|
|
|
|||||||
Property and Equipment |
|
|
Other deferred credits |
$ |
43,034 |
||||||
Not subject to amortization |
$ |
‐ |
|
Short term lease liability |
‐ |
||||||
Subject to amortization |
‐ |
|
Asset retirement obligations |
‐ |
|||||||
Depletion |
‐ |
|
Accrued expenses and other |
149,773 |
|||||||
Net Oil and Gas Properties |
$ |
‐ |
|
Total Current Liabilities |
$ |
(6,009,329) |
|||||
|
|
|
|
|
|||||||
Construction in progress |
$ |
‐ |
|
Bank debt |
$ |
‐ |
|||||
Other property and equipment |
376,408 |
|
Total Long‐Term Debt |
$ |
‐ |
||||||
Aksum DD&A other prop |
(124,380) |
|
|
|
|||||||
Net Other Property |
$ |
252,029 |
|
Other Long‐Term Liabilities |
|
||||||
|
|
|
Asset retirement obligation |
$ |
‐ |
||||||
Other Assets |
|
|
Long term lease liability |
‐ |
|||||||
Receivables from affiliate |
$ |
‐ |
|
Deferred rent credit |
$ |
245,164 |
|||||
Investment in subs & prtnshp |
16,383,660 |
|
Restricted stock units |
‐ |
|||||||
Deposits |
2,684 |
|
Other |
|
‐ |
||||||
Operating right‐of‐use leases |
(238,818) |
|
Total Other Long‐Term Liabilities |
$ |
245,164 |
||||||
Public offering costs |
79,997 |
|
|
|
|||||||
Other assets |
‐ |
|
Total Liabilities |
$ |
(5,764,165) |
||||||
Total Other Assets |
$ |
16,227,523 |
|
|
|
||||||
|
|
|
Equity |
|
|||||||
Total Assets |
$ |
16,759,164 |
|
Common stock |
$ |
‐ |
|||||
|
|
|
Preferred stock |
‐ |
|||||||
|
|
|
Capital in excess of par |
34,214,985 |
|||||||
|
|
|
|
|
|||||||
|
|
|
Distributions |
$ |
(19,636,106) |
||||||
|
|
|
Retained earnings |
12,805,809 |
|||||||
|
|
|
Current period income(loss) |
(2,008,951) |
|||||||
|
|
|
Preferred stock accretion |
(2,852,408) |
|||||||
|
|
|
Retained earnings |
$ |
(11,691,656) |
||||||
|
|
|
|
|
|||||||
|
|
|
Treasury stock, at cost |
$ |
‐ |
||||||
|
|
|
Total Equity |
$ |
22,523,328 |
||||||
|
|
|
|
|
|||||||
|
|
|
Total Liabilities and Equity |
$ |
16,759,164 |
||||||
|
|
|
|
|
Exhibit 99.3
Monthly Operating Report
CASH BASIS
CASE NAME: |
In re: YUMA EXPLORATION & PRODUCTION COMPANY, INC., |
|
|
CASE NUMBER: |
Case No. 20-41456-11 |
|
|
JUDGE: |
MarkX Mulhn |
UNITED STATES BANKRUPTCY COURT NORTHERN & EASTERN DISTRICTS OF TEXAS REGION6 MONTHLY OPERATING REPORT |
||||
|
||||
MONTH ENDING: June 2020 MONTH YEAR
|
||||
|
|
|
||
|
|
|
||
|
|
|
||
|
|
|
||
|
|
|
||
|
|
|
||
|
|
|
||
|
|
|
||
|
IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING REPORT (CASH BASIS-I THROUGH CASH BASIS-6) AND THE ACCOMPANYING ATTACHMENTS AND, |
|
||
|
TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT, AND COMPLET E. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY) IS BASED ON ALL INFORMATION OF WHICH PREPARER IIAS ANY KNOW LEDGE. |
|
||
|
|
|
|
|
|
|
|
Chief Restructurin_g_ Officer |
|
|
|
|
TITLE |
|
|
|
|
|
|
|
Anthoni C. Schnur |
|
7/20/2020 |
|
|
PRINTED NAME OF RESPONSIBLE PARTY |
|
DATE |
|
|
|
|
|
|
|
|
|
|
|
|
F PREPARER |
|
Controller |
|
|
|
|
TITLE |
|
|
|
|
|
|
|
Kimberl¥_ Thomen |
|
7/20/2020 |
|
|
PRINTED NAME OF PREPARER |
|
DATE |
|
|
|
|
|
|
Monthly Operating Report
CASH BASIS-1
CASE NAME: |
In re: YUMA EXPLORATION & PRODUCTION COMPANY, INC., |
CASE NUMBER: |
Case No. 20-41456-11 |
CASH RECEIPTS AND |
Apr-20 |
|
May-20 |
|
Jun-20 |
|
|||
DISBURSEMENTS |
|
|
|
|
|
|
|
|
|
1. CASH - BEGINNING OF MONTH |
$ |
(39,396.90 |
) |
$ |
245,354.08 |
|
$ |
(2,988.76 |
) |
RECEIPTS |
|
|
|
|
|
|
|
|
|
2. CASH SALES |
$ |
295,878.59 |
|
$ |
130,355.42 |
|
$ |
61,491.35 |
|
3. ACCOUNTS RECEIVABLE COLLECTIONS |
$ |
- |
|
$ |
8,764.32 |
|
|
|
|
4. LOANS AND ADVANCES |
$ |
- |
|
$ |
- |
|
|
|
|
5. SALE OF ASSETS |
$ |
- |
|
$ |
- |
|
|
|
|
6. LEASE & RENTAL INCOME |
$ |
- |
|
$ |
- |
|
|
|
|
7. WAGES |
$ |
- |
|
$ |
- |
|
|
|
|
8. OTHER (ATTACH LIST) |
$ |
- |
|
$ |
22,391.69 |
|
$ |
116,930.14 |
|
9. TOTAL RECEIPTS |
$ |
295,878.59 |
|
$ |
161,511.43 |
|
$ |
178,421.49 |
|
DISBURSEMENTS |
|
|
|
|
|
|
|
|
|
10. NET PAYROLL |
$ |
- |
|
$ |
- |
|
|
|
|
11. PAYROLL TAXES PAID |
$ |
- |
|
$ |
- |
|
|
|
|
12. SALES,USE & OTHER TAXES PAID |
$ |
- |
|
$ |
- |
|
|
|
|
13. INVENTORY PURCHASES |
$ |
- |
|
$ |
- |
|
|
|
|
14. MORTAGE PAYMENTS |
$ |
- |
|
$ |
- |
|
|
|
|
15. OTHER SECURED NOTE PAYMENTS |
$ |
- |
|
$ |
- |
|
|
|
|
16. RENTAL & LEASE PAYMENTS |
$ |
- |
|
$ |
- |
|
|
|
|
17. UTILITIES |
$ |
638.00 |
|
$ |
- |
|
|
|
|
18. INSURANCE |
$ |
- |
|
$ |
- |
|
|
|
|
19. VEHICLE EXPENSES |
$ |
- |
|
$ |
- |
|
|
|
|
20. TRAVEL |
$ |
- |
|
$ |
- |
|
|
|
|
21. ENTERTAINMENT |
$ |
- |
|
$ |
- |
|
|
|
|
22. REPAIRS & MAINTENANCE |
$ |
10,489.61 |
|
$ |
44,758.83 |
|
$ |
16,655.05 |
|
23. SUPPLIES |
$ |
- |
|
$ |
- |
|
|
|
|
24. ADVERTISING |
$ |
- |
|
$ |
- |
|
|
|
|
25. HOUSEHOLD EXPENSES |
$ |
- |
|
$ |
- |
|
|
|
|
26. CHARITABLE CONTRIBUTIONS |
$ |
- |
|
$ |
- |
|
|
|
|
27. GIFTS |
$ |
- |
|
$ |
- |
|
|
|
|
28. OTHER (ATTACH LIST) |
$ |
- |
|
$ |
365,095.44 |
|
$ |
21.00 |
|
29. TOTAL ORDINARY DISBURSEMENTS |
$ |
11,127.61 |
|
$ |
409,854.27 |
|
$ |
16,676.05 |
|
REORGANIZATION EXPENSES |
|
|
|
|
|
|
|
|
|
30. PROFESSIONAL FEES |
$ |
- |
|
$ |
- |
|
|
|
|
31. U.S. TRUSTEE FEES |
$ |
- |
|
$ |
- |
|
|
|
|
32. OTHER (ATTACH LIST) |
$ |
- |
|
$ |
- |
|
|
|
|
33. TOTAL REORGANIZATION EXPENSES |
$ |
- |
|
$ |
- |
|
$ |
- |
|
34. TOTAL DISBURSEMENTS |
$ |
11,127.61 |
|
$ |
409,854.27 |
|
$ |
16,676.05 |
|
35. NET CASH FLOW |
$ |
284,750.98 |
|
$ |
(248,342.84 |
) |
$ |
161,745.44 |
|
36. CASH - END OF MONTH |
$ |
245,354.08 |
|
$ |
(2,988.76 |
) |
$ |
158,756.68 |
|
Notes:
(1) Negative cash amount reflective of zero balance method used by Yuma to manage bank accounts
Monthly Operating Report
CASH BASIS-1A
2020
CASE NAME:In re: YUMA EXPLORATION & PRODUCTION COMPANY, INC., |
CASE NUMBER:Case No. 20-41456-11 |
CASH DISBURSEMENTS DETAIL |
MONTH:June |
||||||
CASH DISBURSEMENTS |
|||||||
DATE |
PAYEE |
PURPOSE |
AMOUNT |
||||
|
|
|
|
||||
|
|
|
|
||||
|
|
|
|
||||
|
|
|
|
||||
|
|
|
|
||||
|
|
|
|
||||
TOTAL CASH DISBURSEMENTS |
$ |
- |
|||||
|
|||||||
|
|||||||
|
|||||||
BANK ACCOUNT DISBURSEMENTS |
|||||||
CK# |
DATE |
PAYEE |
PURPOSE |
AMOUNT |
|||
wire |
06/04/20 |
Reliable Operating Srvcs/LeBlanc |
Critical Vendor |
$ |
2,415.00 |
||
63001 |
06/11/20 |
Knapp's Pumping Services |
Critical Vendor |
$ |
12,000.00 |
||
63002 |
06/11/20 |
DEMCO |
Critical Vendor |
$ |
469.00 |
||
63003 |
06/11/20 |
EnergyLink Holdings |
Critical Vendor |
$ |
23.46 |
||
63004 |
06/11/20 |
Jeff Davis Electric Coop |
Critical Vendor |
$ |
11.59 |
||
63005 |
06/11/20 |
USI Insurance Services |
Critical Vendor |
$ |
750.00 |
||
N/A |
Various |
Wire Transfer Fees |
Bank Fees |
$ |
21.00 |
||
|
|
|
|
|
|||
|
|
|
|
|
|||
|
|
|
|
|
|||
|
|
|
|
|
|||
|
|
|
|
|
|||
|
|
|
|
|
|||
|
|
|
|
|
|||
|
|
|
|
|
|||
|
|
|
|
|
|||
|
TOTAL BANK ACCOUNT DISBURSEMENTS |
$ |
15,690.05 |
||||
|
|
|
|
||||
|
|
|
|
||||
TOTAL DISBURSEMENTS FOR THE MONTH |
$ |
15,690.05 |
Monthly Operating Report
CASH BASIS-2
CASE NAME:In re: YUMA EXPLORATION & PRODUCTION COMPANY, INC., |
CASE NUMBER:Case No. 20-41456-11 |
BANK RECONCILIATIONS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Acct #1 |
|
Acct #2 |
|
Acct #3 |
|
Acct #4 |
|
Acct #5 |
|
|
|
|
|||||
A. BANK: |
Legacy Texas |
|
Legacy Texas |
|
Legacy Texas |
|
Allegiance |
|
Allegiance |
|
|
|
|
|||||
B. ACCOUNT NUMBER: |
9597 |
|
9605 |
|
9613 |
|
2196 |
|
8665 |
|
TOTAL |
|
||||||
C. PURPOSE (TYPE): |
Master Acct |
|
Rev Dist Acct |
|
Op Acct |
|
Op Acct |
|
Revenue |
|
|
|
|
|||||
1. BALANCE PER BANK STATEMENT |
$ |
0.00 |
|
$ |
0.00 |
|
$ |
0.00 |
|
$ |
9,315.95 |
|
$ |
54,201.02 |
|
$ |
63,516.97 |
|
2. ADD: TOTAL DEPOSITS NOT CREDITED |
$ |
- |
|
$ |
- |
|
$ |
- |
|
$ |
- |
|
$ |
8,031.62 |
|
$ |
8,031.62 |
|
3. SUBTRACT: OUTSTANDING CHECKS |
$ |
- |
|
$ |
- |
|
$ |
- |
|
$ |
986.00 |
|
$ |
- |
|
$ |
986.00 |
|
4. OTHER RECONCILING ITEMS |
$ |
(4,196.50 |
) |
$ |
- |
|
$ |
92,390.59 |
|
|
|
|
|
|
|
$ |
88,194.09 |
|
5. MONTH END BALANCE PER BOOKS |
$ |
(4,196.50 |
) |
$ |
0.00 |
|
$ |
92,390.59 |
|
$ |
8,329.95 |
|
$ |
62,232.64 |
|
$ |
158,756.68 |
|
6. NUMBER OF LAST CHECK WRITTEN |
n/a |
|
n/a |
|
n/a |
|
63008 |
|
n/a |
|
|
|
|
|||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
INVESTMENT ACCOUNTS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DATE OF |
|
TYPE OF |
|
PURCHASE |
|
|
|
|
|
|
|
CURRENT |
|
||||
BANK, ACCOUNT NAME & NUMBER |
PURCHASE |
|
INSTRUMENT |
|
PRICE |
|
|
|
|
|
|
|
VALUE |
|
||||
7. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11. TOTAL INVESTMENTS |
|
|
|
|
|
|
$ |
- |
|
|
|
|
|
|
|
$ |
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CASH |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12. CURRENCY ON HAND |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13. TOTAL CASH - END OF MONTH |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
158,756.68 |
|
(1)In April 2020, Yuma Energy was informed that it's primary banking institution, Legacy Texas, would close Yuma's accounts effective May 29, 2020. Even though Legacy Texas would be merging with Prosperity Bank on June 8, 2020, Prosperity Bank was not willing to accommodate Yuma Energy's DIP bank accounts. Yuma was required to seek a new banking institution willing to open DIP accounts for Yuma. Allegiance Bank agreed to open accounts for Yuma and subsidiaries on 5/26/20, with the accounts fully opened on 5/29/2020. The Yuma Companies Inc. opened account 100412237 with Allegiance Bank and transferred all funds from Davis Petroleum and Yuma E&P to the new The Yuma Companies DIP account.
|
(2) |
The book balance on the Legacy Texas accounts will require cleanup. On 5/29/20, all funds were moved to the Allegiance Bank DIP accounts. |
Monthly Operating Report
CASH BASIS-3
CASE NAME:In re: YUMA EXPLORATION & PRODUCTION COMPANY, INC., |
CASE NUMBER:Case No. 20-41456-11 |
ASSETS OF THE ESTATE
|
|
|
||||||||||
SCHEDULE "A" |
SCHEDULE |
|
20-Apr |
|
20-May |
|
20-Jun |
|
||||
REAL PROPERTY |
AMOUNT |
|
|
|
|
|
|
|
|
|
|
|
1. Total Current Assets |
|
|
|
$ |
1,831,255.35 |
|
$ |
1,683,149.01 |
|
$ |
1,902,516.56 |
|
2. Net Oil and Gas Properties |
|
|
|
$ |
10,576,795.10 |
|
$ |
10,581,887.88 |
|
$ |
10,564,490.51 |
|
3. Total Other Assets |
|
|
|
$ |
29,980.01 |
|
$ |
29,980.01 |
|
$ |
29,980.01 |
|
4. OTHER (ATTACH LIST) |
$ |
10,576,795.09 |
|
$ |
- |
|
$ |
- |
|
|
|
|
5. TOTAL REAL PROPERTY ASSETS |
$ |
10,576,795.09 |
|
$ |
12,438,030.46 |
|
$ |
12,295,016.90 |
|
$ |
12,496,987.08 |
|
SCHEDULE "B" |
|
|
||||||||||
PERSONAL PROPERTY |
|
|
||||||||||
1. CASH ON HAND |
|
|
|
|
|
|
|
|
|
|
|
|
2. CHECKING, SAVINGS, ETC. |
|
|
|
|
|
|
|
|
|
|
|
|
3. SECURITY DEPOSITS |
|
|
|
|
|
|
|
|
|
|
|
|
4. HOUSEHOLD GOODS |
|
|
|
|
|
|
|
|
|
|
|
|
5. BOOKS, PICTURES, ART |
|
|
|
|
|
|
|
|
|
|
|
|
6. WEARING APPAREL |
|
|
|
|
|
|
|
|
|
|
|
|
7. FURS AND JEWELRY |
|
|
|
|
|
|
|
|
|
|
|
|
8. FIREARMS & SPORTS EQUIPMENT |
|
|
|
|
|
|
|
|
|
|
|
|
9. INSURANCE POLICIES |
|
|
|
|
|
|
|
|
|
|
|
|
10. ANNUITIES |
|
|
|
|
|
|
|
|
|
|
|
|
11. EDUCATION |
|
|
|
|
|
|
|
|
|
|
|
|
12. RETIREMENT & PROFIT SHARING |
|
|
|
|
|
|
|
|
|
|
|
|
13. STOCKS |
|
|
|
|
|
|
|
|
|
|
|
|
14. PARTNERSHIPS & JOINT VENTURES |
|
|
|
|
|
|
|
|
|
|
|
|
15. GOVERNMENT & CORPORATE BONDS |
|
|
|
|
|
|
|
|
|
|
|
|
16. ACCOUNTS RECEIVABLE |
|
|
|
|
|
|
|
|
|
|
|
|
17. ALIMONY |
|
|
|
|
|
|
|
|
|
|
|
|
18. OTHER LIQUIDATED DEBTS |
|
|
|
|
|
|
|
|
|
|
|
|
19. EQUITABLE INTERESTS |
|
|
|
|
|
|
|
|
|
|
|
|
20. CONTINGENT INTERESTS |
|
|
|
|
|
|
|
|
|
|
|
|
21. OTHER CLAIMS |
|
|
|
|
|
|
|
|
|
|
|
|
22. PATENTS & COPYRIGHTS |
|
|
|
|
|
|
|
|
|
|
|
|
23. LICENSES & FRANCHISES |
|
|
|
|
|
|
|
|
|
|
|
|
24. CUSTOMER LISTS |
|
|
|
|
|
|
|
|
|
|
|
|
25. AUTOS, TRUCKS & OTHER VEHICLES |
|
|
|
|
|
|
|
|
|
|
|
|
26. BOATS & MOTORS |
|
|
|
|
|
|
|
|
|
|
|
|
27. AIRCRAFT |
|
|
|
|
|
|
|
|
|
|
|
|
28. OFFICE EQUIPMENT |
|
|
|
|
|
|
|
|
|
|
|
|
29. MACHINERY, FIXTURES & EQUIPMENT |
|
|
|
|
|
|
|
|
|
|
|
|
30. INVENTORY |
|
|
|
|
|
|
|
|
|
|
|
|
31. ANIMALS |
|
|
|
|
|
|
|
|
|
|
|
|
32. CROPS |
|
|
|
|
|
|
|
|
|
|
|
|
33. FARMING EQUIPMENT |
|
|
|
|
|
|
|
|
|
|
|
|
34. FARM SUPPLIES |
|
|
|
|
|
|
|
|
|
|
|
|
35. OTHER (ATTACH LIST) |
$ |
1,362,736.99 |
|
|
|
|
|
|
|
|
|
|
36. TOTAL PERSONAL PROPERTY ASSETS |
$ |
1,362,736.99 |
|
$ |
- |
|
$ |
- |
|
$ |
- |
|
37. TOTAL ASSETS |
$ |
11,939,532.08 |
|
$ |
12,438,030.46 |
|
$ |
12,295,016.90 |
|
$ |
12,496,987.08 |
|
Monthly Operating Report
CASH BASIS-4
CASE NAME:In re: YUMA EXPLORATION & PRODUCTION COMPANY, INC., |
CASE NUMBER:Case No. 20-41456-11 |
|
|
|
|
|
|
|
MONTH: |
|
June |
|
LIABILITIES OF THE ESTATE
|
|
|
|
|
|
|
|
|
|
|
PREPETITION |
SCHEDULE |
|
PAYMENTS |
|
|
|
|
|
||
LIABILITIES |
AMOUNT |
|
|
|
|
|
|
|
|
|
1. SECURED |
$ |
2,250,000.00 |
|
|
|
|
|
|
|
|
2. PRIORITY |
$ |
1,560,403.10 |
|
|
|
|
|
|
|
|
3. UNSECURED |
$ |
7,796,838.51 |
|
|
|
|
|
|
|
|
4. OTHER (ATTACH LIST) |
$ |
- |
|
|
|
|
|
|
|
|
5. TOTAL PREPETITION LIABILITIES |
$ |
11,607,241.61 |
|
$ |
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
POSTPETITION |
DATE |
|
AMOUNT |
|
DUE |
AMOUNT |
|
|||
LIABILITIES |
INCURRED |
|
OWED |
|
DATE |
PAST DUE |
|
|||
1. FEDERAL INCOME TAXES |
|
|
|
|
|
|
|
|
|
|
2. FICA/MEDICARE |
|
|
|
|
|
|
|
|
|
|
3. STATE TAXES |
|
|
|
|
|
|
|
|
|
|
4. REAL ESTATE TAXES |
|
|
|
|
|
|
|
|
|
|
5. OTHER TAXES (ATTACH LIST) |
|
|
|
|
|
|
|
|
|
|
6. TOTAL TAXES |
|
|
|
$ |
- |
|
|
$ |
- |
|
OTHER POSTPETITION LIABILITIES INCLUDING TRADE CREDITORS (LIST NAMES OF CREDITORS) |
|
|
|
|
|
|
|
|
|
|
7. |
|
|
|
|
|
|
|
|
|
|
8. |
|
|
|
|
|
|
|
|
|
|
9. SEE ATTACHED LIST |
|
|
|
|
|
|
|
|
|
|
10. |
|
|
|
|
|
|
|
|
|
|
11. |
|
|
|
|
|
|
|
|
|
|
12. |
|
|
|
|
|
|
|
|
|
|
13. |
|
|
|
|
|
|
|
|
|
|
143 |
|
|
|
|
|
|
|
|
|
|
15. |
|
|
|
|
|
|
|
|
|
|
16. |
|
|
|
|
|
|
|
|
|
|
17. |
|
|
|
|
|
|
|
|
|
|
18. |
|
|
|
|
|
|
|
|
|
|
19. |
|
|
|
|
|
|
|
|
|
|
20. |
|
|
|
|
|
|
|
|
|
|
21. |
|
|
|
|
|
|
|
|
|
|
22. |
|
|
|
|
|
|
|
|
|
|
23. |
|
|
|
|
|
|
|
|
|
|
24. |
|
|
|
|
|
|
|
|
|
|
25. |
|
|
|
|
|
|
|
|
|
|
26. |
|
|
|
|
|
|
|
|
|
|
27. |
|
|
|
|
|
|
|
|
|
|
28. |
|
|
|
|
|
|
|
|
|
|
29. (IF ADDITIONAL ATTACH LIST) |
|
|
|
$ |
240,071.18 |
|
|
$ |
240,071.18 |
|
30. TOTAL OF LINES 7 - 29 |
|
|
|
$ |
- |
|
|
$ |
- |
|
31. TOTAL POSTPETITION LIABILITIES |
|
|
|
$ |
- |
|
|
$ |
- |
|
Monthly Operating Report
CASH BASIS-4A
CASE NAME: |
In re: YUMA EXPLORATION & PRODUCTION COMPANY, INC., |
CASE NUMBER: |
Case No. 20-41456-11 |
MONTH: June
ACCOUNTS RECEIVABLE AGING |
|
|||||||
SCHEDULE AMOUNT |
Apr-20 |
May-20 |
Jun-20 |
|||||
|
||||||||
1. 0 - 30 |
$ |
402,602.34 |
$ |
402,602.34 |
$ |
1,341,953.45 |
$ |
(5,827.24) |
2. 31 - 60 |
$ |
- |
$ |
(89,228.83) |
$ |
51,685.52 |
$ |
66,742.55 |
3. 61 - 90 |
$ |
- |
$ |
(616,182.52) |
$ |
32,490.92 |
$ |
337,246.94 |
4. 91 + |
$ |
2,033,027.71 |
$ |
2,033,027.71 |
$ |
363,827.08 |
$ |
1,457,021.45 |
5. TOTAL ACCOUNTS RECEIVABLE |
$ |
2,435,630.05 |
$ |
1,730,218.70 |
$ |
1,789,956.97 |
$ |
1,855,183.70 |
6. AMOUNT CONSIDERED UNCOLLECTIBLE |
$ |
1,528,085.07 |
$ |
822,673.72 |
$ |
822,673.72 |
$ |
822,673.72 |
7. ACCOUNTS RECEIVABLE (NET) |
$ |
907,544.98 |
$ |
907,544.98 |
$ |
967,283.25 |
$ |
1,032,509.98 |
AGING OF POSTPETITION TAXES AND PAYABLES |
|
|||||||
0 - 30 DAYS |
31-60 DAYS |
90+ DAYS |
Total |
|||||
TAXES PAYABLE |
||||||||
1. FEDERAL |
|
|
|
|
|
|
$ |
- |
2. STATE |
|
|
|
|
|
|
$ |
- |
3. LOCAL |
|
|
|
|
|
|
$ |
- |
4. OTHER (ATTACH LIST) |
|
|
|
|
|
|
$ |
- |
5. TOTAL TAXES PAYABLE |
$ |
- |
$ |
- |
$ |
- |
$ |
- |
6. ACCOUNTS PAYABLE |
$ |
159,343.77 |
$ |
56,201.83 |
$ |
24,525.58 |
$ |
240,071.18 |
STATUS OF POSTPETITION TAXES
FEDERAL |
|
|||||||
BEGINNING TAX LIABILITY |
AMOUNT WITHHELD OR ACCRUED |
AMOUNT PAID |
ENDING TAX LIABILITY |
|||||
1. WITHHOLDING |
||||||||
2. FICA-EMPLOYEE |
|
|
|
|
|
|
$ |
- |
3. FICA-EMPLOYER |
|
|
|
|
|
|
$ |
- |
4. UNEMPLOYMENT |
|
|
|
|
|
|
$ |
- |
5. INCOME |
|
|
|
|
|
|
$ |
- |
6. OTHER (ATTACH LIST) |
|
|
|
|
|
|
$ |
- |
7. TOTAL FEDERAL TAXES |
$ |
- |
$ |
- |
$ |
- |
$ |
- |
STATE AND LOCAL |
|
|
|
|
|
|
$ |
- |
8. WITHHOLDING |
|
|
|
|
|
|
$ |
- |
9. SALES |
|
|
|
|
|
|
$ |
- |
10. EXCISE |
|
|
|
|
|
|
$ |
- |
11. UNEMPLOYMENT |
|
|
|
|
|
|
$ |
- |
12. REAL PROPERTY |
|
|
|
|
|
|
$ |
- |
13. PERSONAL PROPERTY |
|
|
|
|
|
|
$ |
- |
14. OTHER (ATTACH LIST) |
|
|
|
|
|
|
$ |
- |
15. TOTAL STATE & LOCAL |
$ |
- |
$ |
- |
$ |
- |
$ |
- |
16. TOTAL TAXES |
$ |
- |
$ |
- |
$ |
- |
$ |
- |
Monthly Operating Report
CASH BASIS-5
CASE NAME: |
In re: YUMA EXPLORATION & PRODUCTION COMPANY, INC., |
CASE NUMBER: |
Case No. 20-41456-11 |
MONTH: |
June |
PAYMENTS TO INSIDERS AND PROFESSIONALS |
|||||
|
|||||
INSIDERS |
|||||
NAME |
TYPE OF PAYMENT |
AMOUNT PAID |
TTL PD TO DATE |
||
1. |
|
|
|
||
2. |
|
|
|
||
3. |
|
|
|
||
4. |
|
|
|
||
5. |
|
|
|
||
TOTAL PAYMENTS TO INSIDERS |
$ |
- |
$ |
- |
PROFESSIONALS |
|||||||||
NAME |
DATE OF COURT ORDER AUTHORIZING PAYMENT |
AMOUNT APPROVED |
AMOUNT PAID |
TTL PAID TO DATE |
TOTAL INCURRED & UNPAID |
||||
1. |
|
|
|
|
|
||||
2. |
|
|
|
|
|
||||
3. |
|
|
|
|
|
||||
4. |
|
|
|
|
|
||||
5. |
|
|
|
|
|
||||
TOTAL PAYMENTS TO PROFESSIONALS |
$ |
- |
$ |
- |
$ |
- |
$ |
- |
POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS |
|||||||
|
|||||||
NAME OF CREDITOR |
SCHEDULED MONTHLY PAYMENTS DUE |
AMOUNTS PAID DURING MONTH |
TOTAL UNPAID POST- PETITION |
||||
1. |
|
|
|
||||
2. |
|
|
|
||||
3. |
|
|
|
||||
4. |
|
|
|
||||
5. |
|
|
|
||||
6. TOTAL |
$ |
- |
$ |
- |
$ |
- |
Monthly Operating Report
CASH BASIS-6
2020
CASE NAME: |
In re: YUMA EXPLORATION & PRODUCTION COMPANY, INC., |
CASE NUMBER: |
Case No. 20-41456-11 |
MONTH: |
June |
QUESTIONNAIRE |
|
||
|
YES |
NO |
|
1. HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE THE NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD? |
|
X |
|
2. HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT OTHER THAN A DEBTOR IN POSSESSION ACCOUNT? |
|
X |
|
3. ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES OR LOANS) DUE FROM RELATED PARTIES? |
|
X |
|
4. HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES THIS REPORTING PERIOD? |
|
X |
|
5. HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE DEBTOR FROM ANY PARTY? |
|
X |
|
6. ARE ANY POSTPETITION PAYROLL TAXES PAST DUE? |
|
X |
|
7. ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES PAST DUE? |
|
X |
|
8. ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE? |
|
X |
|
9. ARE ANY OTHER POSTPETITION TAXES PAST DUE? |
|
X |
|
10. ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS DELINQUENT? |
X |
|
|
11. HAVE ANY PREPETITION TAXES BEEN PAID DURING THE REPORTING PERIOD? |
|
X |
|
12. ARE ANY WAGE PAYMENTS PAST DUE? |
|
X |
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "YES"; PROVIDE A DETAILED EXPLANATION OF EACH ITEM. ATTACH ADDITIONAL SHEETS IF NECESSARY.
Agreed that payments would be made at sale closing which has been delayed. |
INSURANCE |
|
||
|
YES |
NO |
|
1. ARE WORKER'S COMPENSATION, GENERAL LIABILITY AND OTHER NECESSARY INSURANCE COVERAGES IN EFFECT? |
X |
|
|
2. ARE ALL PREMIUM PAYMENTS PAID CURRENT? |
X |
|
|
3. PLEASE ITEMIZE POLICIES BELOW |
|
|
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "NO" OR IF ANY POLICIES HAVE BEEN CANCELED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE AN EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY.
|
|
|
INSTALLMENT PAYMENTS |
|
|||
TYPE OF POLICY |
CARRIER |
PERIOD COVERED |
PAYMENT AMOUNT & FREQUENCY |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance Sheet ‐ Yuma Exploration & Production As of 6/30/2020
Assets |
|
|
Liabilities and Equity |
|
|||||||||||||
Cash and cash equivalents |
$ |
158,757 |
|
Current maturities‐bank debt |
$ |
‐ |
|||||||||||
Trade receivables |
1,793,121 |
|
Notes payable‐ short term |
(753) |
|||||||||||||
Joint venture partner rec |
143,516 |
|
Current maturities‐other |
241,104 |
|||||||||||||
Oil and gas revenue |
351,708 |
|
Current maturities debt |
$ |
240,351 |
||||||||||||
Allowance ‐ trade A/R |
(822,674) |
|
|
|
|||||||||||||
Officers and employees |
‐ |
|
Accounts payable ‐ trade |
$ |
1,854,233 |
||||||||||||
Other |
35,320 |
|
Accounts payable ‐ officer |
‐ |
|||||||||||||
Allowance ‐ other A/R |
‐ |
|
JV Partner Advances |
150,003 |
|||||||||||||
Prepaids |
242,769 |
|
Oil & gas distribution payable |
3,453,395 |
|||||||||||||
Deferred charges and other |
‐ |
|
Intercompany advances, net |
10,979,859 |
|||||||||||||
Total Current Assets |
$ |
1,902,517 |
|
Accounts payable |
$ |
16,437,490 |
|||||||||||
|
|
|
|
|
|||||||||||||
Property and Equipment |
|
|
Other deferred credits |
$ |
‐ |
||||||||||||
Not subject to amortization |
$ |
(537,463) |
|
Short term lease liability |
‐ |
||||||||||||
Subject to amortization |
62,356,973 |
|
Asset retirement obligations |
90,338 |
|||||||||||||
Depletion |
(51,255,020) |
|
Accrued expenses and other |
163,474 |
|||||||||||||
Net Oil and Gas Properties |
$ |
10,564,490 |
|
Total Current Liabilities |
$ |
16,931,653 |
|||||||||||
|
|
|
|
|
|||||||||||||
Construction in progress |
$ |
‐ |
|
Bank debt |
$ |
‐ |
|||||||||||
Other property and equipment |
‐ |
|
Total Long‐Term Debt |
$ |
‐ |
||||||||||||
Aksum DD&A other prop |
‐ |
|
|
|
|||||||||||||
Net Other Property |
$ |
‐ |
|
Other Long‐Term Liabilities |
|
||||||||||||
|
|
|
Asset retirement obligation |
$ |
6,115,951 |
||||||||||||
Other Assets |
|
|
Long term lease liability |
‐ |
|||||||||||||
Receivables from affiliate |
$ |
(20) |
|
Deferred rent credit |
|
‐ |
|||||||||||
Investment in subs & prtnshp |
‐ |
|
Restricted stock units Other |
‐ |
|||||||||||||
Deposits |
30,000 |
|
Other |
|
‐ |
||||||||||||
Operating right‐of‐use leases |
‐ |
|
Total Other Long‐Term Liabilities |
$ |
6,115,951 |
||||||||||||
Public offering costs |
‐ |
|
|
|
|||||||||||||
Other assets |
‐ |
|
Total Liabilities |
$ |
23,047,603 |
||||||||||||
Total Other Assets |
$ |
29,980 |
|
|
|
||||||||||||
|
|
|
Equity |
|
|||||||||||||
Total Assets |
$ |
12,496,987 |
|
Common stock |
$ |
‐ |
|||||||||||
|
|
|
Preferred stock |
‐ |
|||||||||||||
|
|
|
Capital in excess of par |
48,826,283 |
|||||||||||||
|
|
|
|
|
|||||||||||||
|
|
|
Distributions |
$ |
(4,168,897) |
||||||||||||
|
|
|
Retained earnings |
(51,743,736) |
|||||||||||||
|
|
|
Current period income(loss) |
(3,464,267) |
|||||||||||||
|
|
|
Preferred stock accretion |
‐ |
|||||||||||||
|
|
|
Retained earnings |
$ |
(59,376,900) |
||||||||||||
|
|
|
|
|
|||||||||||||
|
|
|
Treasury stock, at cost |
$ |
‐ |
||||||||||||
|
|
|
Total Equity |
$ |
(10,550,617) |
||||||||||||
|
|
|
|
|
|||||||||||||
|
|
|
Total Liabilities and Equity |
$ |
12,496,987 |
Yuma Exploration and Production ‐ Post Petition Accounts Payable As of 6/30/2020
Invoice Date |
Due Date |
Vendor |
Invoice Number |
Net Value |
4/15/2020 |
4/30/2020 |
Louisiana One Call |
1441‐B |
4.50 |
04/17/20 |
05/17/20 |
Basin Chemical Solutions, LLC |
BCS‐4664 |
1,067.69 |
04/21/20 |
06/05/20 |
All Phase Electrical Svc., Inc |
20‐04‐043‐A |
22.50 |
04/21/20 |
06/05/20 |
All Phase Electrical Svc., Inc |
20‐04‐043‐B |
22.50 |
04/21/20 |
06/05/20 |
All Phase Electrical Svc., Inc |
20‐04‐044‐B |
22.50 |
04/21/20 |
05/21/20 |
Cornwell Well Services |
20371 |
8,800.00 |
04/24/20 |
05/24/20 |
St. Bernard Well Service, LLC |
9958 |
6,082.20 |
04/27/20 |
05/27/20 |
Dunlap Specialty, Inc |
114‐A |
200.00 |
04/27/20 |
05/27/20 |
Jeff Davis Electric Coop |
41520 |
11.59 |
04/30/20 |
05/30/20 |
DEMCO |
2005‐190161B |
694.00 |
04/30/20 |
05/30/20 |
St. Bernard Well Service, LLC |
9959 |
7,298.64 |
04/30/20 |
05/30/20 |
St. Bernard Well Service, LLC |
9962‐A |
295.02 |
04/30/20 |
05/30/20 |
Tampnet Inc |
4302020 |
4.44 |
05/01/20 |
06/01/20 |
Archrock Partners |
41651947 |
13,518.52 |
05/01/20 |
06/01/20 |
Archrock Partners |
41656052 |
7,517.55 |
05/01/20 |
06/01/20 |
Reliable Operating Services, I |
223‐A |
1,800.00 |
05/07/20 |
05/22/20 |
DEMCO |
178814‐MAY‐A |
86.50 |
5/7/2020 |
6/6/2020 |
DEMCO |
190161‐MAY |
9.32 |
5/7/2020 |
6/6/2020 |
DEMCO |
190161‐MAY‐A |
382.50 |
05/08/20 |
06/08/20 |
PetroQuest Energy, LLC |
YUM001042000 |
(2,685.15) |
5/10/2020 |
6/9/2020 |
Berg' Services LLC |
2523 |
420.00 |
5/10/2020 |
6/9/2020 |
Berg' Services LLC |
2524 |
270.00 |
05/11/20 |
06/11/20 |
Forefront Emergency Management |
4‐09303Y |
2,000.00 |
05/15/20 |
05/30/20 |
DEMCO |
205‐184356B |
1,252.50 |
5/15/2020 |
6/14/2020 |
DEMCO |
2005‐184356A |
1,252.50 |
5/15/2020 |
6/14/2020 |
DEMCO |
2005‐190161A |
694.00 |
05/18/20 |
06/18/20 |
Range Louisiana Operating, LLC |
20040285 |
51.87 |
05/18/20 |
06/18/20 |
Southwest Royalties, Inc. |
RIB08346 |
14.19 |
05/20/20 |
07/04/20 |
All Phase Electrical Svc., Inc |
20‐05‐042 |
45.00 |
05/20/20 |
07/04/20 |
All Phase Electrical Svc., Inc |
20‐05‐043 |
45.00 |
05/20/20 |
07/04/20 |
All Phase Electrical Svc., Inc |
20‐05‐044 |
45.00 |
05/20/20 |
07/04/20 |
All Phase Electrical Svc., Inc |
20‐05‐045 |
45.00 |
05/20/20 |
07/04/20 |
All Phase Electrical Svc., Inc |
20‐05‐046 |
45.00 |
05/20/20 |
06/19/20 |
Kaiser‐Francis Oil Co. |
2004‐0958800 |
535.44 |
05/20/20 |
06/20/20 |
White Oak Operating Co LLC |
YUM001042000 |
3.10 |
05/26/20 |
06/26/20 |
Hilcorp Energy Company |
S20200410005 |
5,086.13 |
05/27/20 |
06/27/20 |
CIMA Energy, LP |
420‐104713‐B |
5,241.24 |
05/27/20 |
06/27/20 |
CIMA Energy, LP |
420‐104713A |
9,172.17 |
05/27/20 |
06/27/20 |
Cox Gathering LLC |
APRIL20‐B |
8,326.93 |
05/27/20 |
06/27/20 |
Dunlap Specialty, Inc |
115 |
400.00 |
05/29/20 |
06/29/20 |
Premier Pump & Supply, Inc. |
31909 |
268.03 |
05/29/20 |
06/29/20 |
Premier Pump & Supply, Inc. |
31910 |
256.68 |
05/29/20 |
06/29/20 |
Premier Pump & Supply, Inc. |
31911 |
95.31 |
5/31/2020 |
6/30/2020 |
Louisiana One Call |
1442 |
7.50 |
06/01/20 |
07/01/20 |
Archrock Partners |
41660404 |
7,517.55 |
06/01/20 |
07/01/20 |
Archrock Partners |
41662168 |
13,515.52 |
6/4/2020 |
7/4/2020 |
Compuforms Data Products, Inc |
4‐606‐20 |
215.07 |
6/4/2020 |
7/4/2020 |
Gas Analytical Services |
PS105912‐A |
26.37 |
6/4/2020 |
7/4/2020 |
Gas Analytical Services |
PS105912‐B |
30.13 |
6/4/2020 |
7/4/2020 |
Gas Analytical Services |
PS105913‐A |
15.82 |
6/4/2020 |
7/4/2020 |
Gas Analytical Services |
PS105913‐B |
18.08 |
06/04/20 |
07/04/20 |
Gulfport MidCon LLC |
202005‐00479 |
342.94 |
6/4/2020 |
7/4/2020 |
PetroQuest Energy, LLC |
YUM001052000 |
134,656.02 |
6/8/2020 |
7/8/2020 |
DEMCO |
178814‐JUN |
316.65 |
6/16/2020 |
7/16/2020 |
DEMCO |
184356‐JUN |
2,272.03 |
6/25/2020 |
7/25/2020 |
Dunlap Specialty, Inc |
116 |
400.00 |
6/30/2020 |
7/30/2020 |
Jeff Davis Electric Coop |
2020‐06 |
11.59 |
6/30/2020 |
7/30/2020 |
Louisiana One Call |
1443 |
6.00 |
Total |
|
|
|
240,071.18 |
8. OTHER RECEIPTS |
|
||||
CK# |
DATE |
WHAT |
PURPOSE |
AMOUNT |
|
|
06/25/20 |
Voided check - on the non-DIP acct |
|
$ |
4,196.50 |
|
06/25/20 |
Voided check - on the non-DIP acct |
|
$ |
2,400.00 |
|
06/25/20 |
Voided check - on the non-DIP acct |
|
$ |
36.00 |
|
06/25/20 |
Voided check - on the non-DIP acct |
|
$ |
500.00 |
|
06/25/20 |
Voided check - on the non-DIP acct |
|
$ |
97.00 |
|
06/25/20 |
Voided check - on the non-DIP acct |
|
$ |
1,793.00 |
|
06/25/20 |
Voided check - on the non-DIP acct |
|
$ |
4,199.00 |
|
06/25/20 |
Voided check - on the non-DIP acct |
|
$ |
400.00 |
|
06/25/20 |
Voided check - on the non-DIP acct |
|
$ |
12,000.00 |
|
06/25/20 |
Voided check - on the non-DIP acct |
|
$ |
6,000.00 |
|
06/25/20 |
Voided check - on the non-DIP acct |
|
$ |
23,404.95 |
|
06/25/20 |
Voided check - on the non-DIP acct |
|
$ |
4,572.86 |
|
06/25/20 |
Voided check - on the non-DIP acct |
|
$ |
3,054.41 |
|
06/25/20 |
Voided check - on the non-DIP acct |
|
$ |
2,433.95 |
|
06/25/20 |
Voided check - on the non-DIP acct |
|
$ |
582.06 |
|
06/25/20 |
Voided check - on the non-DIP acct |
|
$ |
1,017.94 |
|
06/25/20 |
Voided check - on the non-DIP acct |
|
$ |
5,000.00 |
|
06/25/20 |
Voided check - on the non-DIP acct |
|
$ |
5,000.00 |
|
06/25/20 |
Voided check - on the non-DIP acct |
|
$ |
5,242.47 |
|
06/25/20 |
Voided check - on the non-DIP acct |
|
$ |
10,000.00 |
|
6/30/2020 |
The Yuma Co. to Y E&P |
Internal Transfer |
$ |
25,000.00 |
|
|
|
|
|
|
|
TOTAL$116,930.14 |
28. OTHER DISBURSEMENTS |
|
||||
CK# |
DATE |
PAYEE |
PURPOSE |
AMOUNT |
|
|
6/30/2020 |
wire transfer fees |
|
$ |
21.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL |
$ |
21.00 |
Exhibit 99.4
CASH BASIS
CASE NAME: |
In re: Davis Petroleum Corp. |
|
|
CASE NUMBER: |
Case No. 20-41453-11 |
|
|
JUDGE: |
Mark X Mulhn |
UNITED STATES BANKRUPTCY COURT
NORTHERN & EASTERN DISTRICTS OF TEXAS
REGION 6
MONTHLY OPERATING REPORT
MONTH |
ENDING: |
June |
2020 |
|
|
MONTH |
YEAR |
IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING REPORT (CASH BASIS-I THROUGH CASH BASIS-6) AND THE ACCOMPANYING ATTACHMENTS AND,
TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT, AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY) IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE.
RESPONSIBLE PARTY: |
|
|
Chief Restructurin£ Officer |
ORIGINAL SIGNATURE OFREPONSIBLE PARTY |
|
TITLE |
|
|
|
|
|
Anthon}:'._ C. Schnur |
|
7/20/2020 |
|
PRINTED NAME OF RESPONSIBLE PARTY |
|
DATE |
|
|
|
|
|
|
|
||
|
|
||
|
Controller |
||
|
TITLE |
||
|
|
|
|
Kimberly_ Thomen |
|
7/20/2020 |
|
PRINTED NAME OF PREPARER |
|
DATE |
Monthly Operating Report
CASH BASIS-1
CASE NAME: |
In re: Davis Petroleum Corp. |
CASE NUMBER: |
Case No. 20-41453-11 |
CASH RECEIPTS AND |
Apr-20 |
|
May-20 |
|
Jun-20 |
|
|||
DISBURSEMENTS |
|
|
|
|
|
|
|
|
|
1. CASH - BEGINNING OF MONTH |
$ |
655.03 |
|
$ |
(581.33 |
) |
$ |
(581.33 |
) |
RECEIPTS |
|
|
|
|
|
|
|
|
|
2. CASH SALES |
$ |
- |
|
$ |
- |
|
|
|
|
3. ACCOUNTS RECEIVABLE COLLECTIONS |
$ |
- |
|
$ |
- |
|
$ |
4,026.12 |
|
4. LOANS AND ADVANCES |
$ |
- |
|
$ |
- |
|
|
|
|
5. SALE OF ASSETS |
$ |
- |
|
$ |
- |
|
|
|
|
6. LEASE & RENTAL INCOME |
$ |
- |
|
$ |
- |
|
|
|
|
7. WAGES |
$ |
- |
|
$ |
- |
|
|
|
|
8. OTHER (ATTACH LIST) |
$ |
- |
|
$ |
6,876.15 |
|
$ |
21,070.39 |
|
9. TOTAL RECEIPTS |
$ |
- |
|
$ |
6,876.15 |
|
$ |
25,096.51 |
|
DISBURSEMENTS |
$ |
- |
|
$ |
- |
|
|
|
|
10. NET PAYROLL |
$ |
- |
|
$ |
- |
|
|
|
|
11. PAYROLL TAXES PAID |
$ |
- |
|
$ |
- |
|
|
|
|
12. SALES,USE & OTHER TAXES PAID |
$ |
- |
|
$ |
- |
|
|
|
|
13. INVENTORY PURCHASES |
$ |
- |
|
$ |
- |
|
|
|
|
14. MORTAGE PAYMENTS |
$ |
- |
|
$ |
- |
|
|
|
|
15. OTHER SECURED NOTE PAYMENTS |
$ |
- |
|
$ |
- |
|
|
|
|
16. RENTAL & LEASE PAYMENTS |
$ |
- |
|
$ |
- |
|
|
|
|
17. UTILITIES |
$ |
1,236.36 |
|
$ |
100.50 |
|
$ |
105.00 |
|
18. INSURANCE |
$ |
- |
|
$ |
- |
|
|
|
|
19. VEHICLE EXPENSES |
$ |
- |
|
$ |
- |
|
|
|
|
20. TRAVEL |
$ |
- |
|
$ |
- |
|
|
|
|
21. ENTERTAINMENT |
$ |
- |
|
$ |
- |
|
|
|
|
22. REPAIRS & MAINTENANCE |
$ |
- |
|
$ |
4,200.00 |
|
|
|
|
23. SUPPLIES |
$ |
- |
|
$ |
- |
|
|
|
|
24. ADVERTISING |
$ |
- |
|
$ |
- |
|
|
|
|
25. HOUSEHOLD EXPENSES |
$ |
- |
|
$ |
- |
|
|
|
|
26. CHARITABLE CONTRIBUTIONS |
$ |
- |
|
$ |
- |
|
|
|
|
27. GIFTS |
$ |
- |
|
$ |
- |
|
|
|
|
28. OTHER (ATTACH LIST) |
$ |
- |
|
$ |
2,575.65 |
|
$ |
(381.33 |
) |
29. TOTAL ORDINARY DISBURSEMENTS |
$ |
1,236.36 |
|
$ |
6,876.15 |
|
$ |
(276.33 |
) |
REORGANIZATION EXPENSES |
|
|
|
|
|
|
|
|
|
30. PROFESSIONAL FEES |
$ |
- |
|
$ |
- |
|
|
|
|
31. U.S. TRUSTEE FEES |
$ |
- |
|
$ |
- |
|
|
|
|
32. OTHER (ATTACH LIST) |
$ |
- |
|
$ |
- |
|
|
|
|
33. TOTAL REORGANIZATION EXPENSES |
$ |
- |
|
$ |
- |
|
$ |
- |
|
34. TOTAL DISBURSEMENTS |
$ |
1,236.36 |
|
$ |
6,876.15 |
|
$ |
(276.33 |
) |
35. NET CASH FLOW |
$ |
(1,236.36 |
) |
$ |
- |
|
$ |
25,372.84 |
|
36. CASH - END OF MONTH |
$ |
(581.33 |
) |
$ |
(581.33 |
) |
$ |
24,791.51 |
|
Monthly Operating Report
CASH BASIS-1A
2020
CASE NAME: |
In re: Davis Petroleum Corp. |
CASE NUMBER: |
Case No. 20-41453-11 |
CASH DISBURSEMENTS DETAIL |
MONTH: |
June |
|||
|
|
|
|||
CASH DISBURSEMENTS |
|||||
DATE |
PAYEE |
PURPOSE |
AMOUNT |
||
|
|
|
|
||
|
|
|
|
||
|
|
|
|
||
|
|
|
|
||
|
|
|
|
||
|
|
|
|
||
TOTAL CASH DISBURSEMENTS |
$ |
- |
|||
|
|
|
|
||
|
|
|
|
||
BANK ACCOUNT DISBURSEMENTS |
|||||
CK# |
DATE |
PAYEE |
PURPOSE |
AMOUNT |
|
51001 |
06/11/20 |
Vermilion Parish Clerk |
Critical Vendor |
$ |
105.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL BANK ACCOUNT DISBURSEMENTS |
$ |
105.00 |
||
|
|
|
|
||
|
|
|
|
||
TOTAL DISBURSEMENTS FOR THE MONTH |
$ |
105.00 |
Monthly Operating Report
CASH BASIS-2
CASE NAME: |
In re: Davis Petroleum Corp. |
CASE NUMBER: |
Case No. 20-41453-11 |
BANK RECONCILIATIONS |
|
|
|
|
|
|
|
|
|
|
|
|
|
Acct #1 |
|
Acct #2 |
|
Acct #3 |
|
|
|
|
|||
A. BANK: |
Allegiance Bank |
|
Allegiance Bank |
|
Legacy Texas |
|
TOTAL |
|
||||
B. ACCOUNT NUMBER: |
2303 |
|
2337 |
|
2687 |
|
|
|||||
C. PURPOSE (TYPE): |
Davis Operating |
|
Davis Revenue |
|
Davis Op. Acct |
|
|
|||||
1. BALANCE PER BANK STATEMENT |
$ |
- |
|
$ |
- |
|
$ |
- |
|
$ |
- |
|
2. ADD: TOTAL DEPOSITS NOT CREDITED |
$ |
238.16 |
|
$ |
- |
|
$ |
- |
|
$ |
238.16 |
|
3. SUBTRACT: OUTSTANDING CHECKS |
$ |
200.00 |
|
$ |
- |
|
$ |
- |
|
$ |
200.00 |
|
4. OTHER RECONCILING ITEMS |
$ |
12,707.97 |
|
$ |
12,045.38 |
|
$ |
- |
|
$ |
24,753.35 |
|
5. MONTH END BALANCE PER BOOKS |
$ |
12,746.13 |
|
$ |
12,045.38 |
|
$ |
- |
|
$ |
24,791.51 |
|
6. NUMBER OF LAST CHECK WRITTEN |
51003 |
|
wire transfer |
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
INVESTMENT ACCOUNTS |
|
|
|
|
|
|
|
|
|
|
|
|
|
DATE OF |
|
TYPE OF |
|
PURCHASE |
|
CURRENT |
|
||||
BANK, ACCOUNT NAME & NUMBER |
PURCHASE |
|
INSTRUMENT |
|
PRICE |
|
VALUE |
|
||||
7. |
|
|
|
|
|
|
|
|
|
|
|
|
8. |
|
|
|
|
|
|
|
|
|
|
|
|
9. |
|
|
|
|
|
|
|
|
|
|
|
|
10. |
|
|
|
|
|
|
|
|
|
|
|
|
11. TOTAL INVESTMENTS |
|
|
|
|
|
|
$ |
- |
|
$ |
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CASH |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12. CURRENCY ON HAND |
|
$ |
- |
|
||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
13. TOTAL CASH - END OF MONTH |
|
$ |
24,791.51 |
|
(1) |
In April 2020, Yuma Energy was informed that it's primary banking institution, Legacy Texas, would close Yuma's accounts effective May 29, 2020. Even though Legacy Texas would be merging with Prosperity Bank on June 8, 2020, Prosperity Bank was not willing to accommodate Yuma Energy's DIP bank accounts. Yuma was required to seek a new banking institution willing to open DIP accounts for Yuma. Allegiance Bank agreed to open accounts for Yuma and subsidiaries on 5/26/20, with the accounts fully opened on 5/29/2020. The Yuma Companies Inc. opened account 100412237 with Allegiance Bank and transferred all funds from Davis Petroleum and Yuma E&P to the new The Yuma Companies DIP account. |
(2) |
Negative cash amount reflects prepetition checks which have not been voided. |
Monthly Operating Report
CASH BASIS-3
CASE NAME: |
In re: Davis Petroleum Corp. |
CASE NUMBER: |
Case No. 20-41453-11 |
ASSETS OF THE ESTATE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SCHEDULE "A" |
SCHEDULE |
|
Apr-20 |
|
May-20 |
|
Jun-20 |
|
||||
REAL PROPERTY |
AMOUNT |
|
|
|
|
|
|
|
|
|
|
|
1. Total Current Assets |
$ |
- |
|
$ |
626,234.75 |
|
$ |
649,090.60 |
|
$ |
698,164.75 |
|
2. Net Oil and Gas Properties |
$ |
- |
|
$ |
4,342,755.22 |
|
$ |
4,342,755.22 |
|
$ |
4,342,755.22 |
|
3. Net Other Property |
$ |
- |
|
$ |
17,493.44 |
|
$ |
17,285.18 |
|
$ |
17,076.93 |
|
4. OTHER (ATTACH LIST) |
$ |
5,314,612.00 |
|
$ |
1,025,099.43 |
|
$ |
1,025,099.43 |
|
$ |
1,025,099.43 |
|
5. TOTAL REAL PROPERTY ASSETS |
$ |
5,314,612.00 |
|
$ |
6,011,582.84 |
|
$ |
6,034,230.43 |
|
$ |
6,083,096.33 |
|
SCHEDULE "B" |
|
|
|
|
|
|
|
|
|
|
|
|
PERSONAL PROPERTY |
|
|
|
|
|
|
|
|
|
|
|
|
1. CASH ON HAND |
|
|
|
|
|
|
|
|
|
|
|
|
2. CHECKING, SAVINGS, ETC. |
|
|
|
|
|
|
|
|
|
|
|
|
3. SECURITY DEPOSITS |
|
|
|
|
|
|
|
|
|
|
|
|
4. HOUSEHOLD GOODS |
|
|
|
|
|
|
|
|
|
|
|
|
5. BOOKS, PICTURES, ART |
|
|
|
|
|
|
|
|
|
|
|
|
6. WEARING APPAREL |
|
|
|
|
|
|
|
|
|
|
|
|
7. FURS AND JEWELRY |
|
|
|
|
|
|
|
|
|
|
|
|
8. FIREARMS & SPORTS EQUIPMENT |
|
|
|
|
|
|
|
|
|
|
|
|
9. INSURANCE POLICIES |
|
|
|
|
|
|
|
|
|
|
|
|
10. ANNUITIES |
|
|
|
|
|
|
|
|
|
|
|
|
11. EDUCATION |
|
|
|
|
|
|
|
|
|
|
|
|
12. RETIREMENT & PROFIT SHARING |
|
|
|
|
|
|
|
|
|
|
|
|
13. STOCKS |
|
|
|
|
|
|
|
|
|
|
|
|
14. PARTNERSHIPS & JOINT VENTURES |
|
|
|
|
|
|
|
|
|
|
|
|
15. GOVERNMENT & CORPORATE BONDS |
|
|
|
|
|
|
|
|
|
|
|
|
16. ACCOUNTS RECEIVABLE |
|
|
|
|
|
|
|
|
|
|
|
|
17. ALIMONY |
|
|
|
|
|
|
|
|
|
|
|
|
18. OTHER LIQUIDATED DEBTS |
|
|
|
|
|
|
|
|
|
|
|
|
19. EQUITABLE INTERESTS |
|
|
|
|
|
|
|
|
|
|
|
|
20. CONTINGENT INTERESTS |
|
|
|
|
|
|
|
|
|
|
|
|
21. OTHER CLAIMS |
|
|
|
|
|
|
|
|
|
|
|
|
22. PATENTS & COPYRIGHTS |
|
|
|
|
|
|
|
|
|
|
|
|
23. LICENSES & FRANCHISES |
|
|
|
|
|
|
|
|
|
|
|
|
24. CUSTOMER LISTS |
|
|
|
|
|
|
|
|
|
|
|
|
25. AUTOS, TRUCKS & OTHER VEHICLES |
|
|
|
|
|
|
|
|
|
|
|
|
26. BOATS & MOTORS |
|
|
|
|
|
|
|
|
|
|
|
|
27. AIRCRAFT |
|
|
|
|
|
|
|
|
|
|
|
|
28. OFFICE EQUIPMENT |
|
|
|
|
|
|
|
|
|
|
|
|
29. MACHINERY, FIXTURES & EQUIPMENT |
|
|
|
|
|
|
|
|
|
|
|
|
30. INVENTORY |
|
|
|
|
|
|
|
|
|
|
|
|
31. ANIMALS |
|
|
|
|
|
|
|
|
|
|
|
|
32. CROPS |
|
|
|
|
|
|
|
|
|
|
|
|
33. FARMING EQUIPMENT |
|
|
|
|
|
|
|
|
|
|
|
|
34. FARM SUPPLIES |
|
|
|
|
|
|
|
|
|
|
|
|
35. OTHER (ATTACH LIST) |
$ |
704,038.99 |
|
|
|
|
|
|
|
|
|
|
36. TOTAL PERSONAL PROPERTY ASSETS |
$ |
704,038.99 |
|
$ |
- |
|
$ |
- |
|
$ |
- |
|
37. TOTAL ASSETS |
$ |
6,018,650.99 |
|
$ |
6,011,582.84 |
|
$ |
6,034,230.43 |
|
$ |
6,083,096.33 |
|
Monthly Operating Report
CASH BASIS-4
CASE NAME: |
In re: Davis Petroleum Corp. |
CASE NUMBER: |
Case No. 20-41453-11 |
MONTH: |
|
June |
LIABILITIES OF THE ESTATE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PREPETITION |
SCHEDULE |
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES |
AMOUNT |
|
PAYMENTS |
|
|
|
|
|
|
|
||
1. SECURED |
$ |
- |
|
$ |
- |
|
|
|
|
|
|
|
2. PRIORITY |
$ |
1,692,428.59 |
|
$ |
- |
|
|
|
|
|
|
|
3. UNSECURED |
$ |
2,189,469.96 |
|
$ |
- |
|
|
|
|
|
|
|
4. OTHER (ATTACH LIST) |
$ |
- |
|
$ |
- |
|
|
|
|
|
|
|
5. TOTAL PREPETITION LIABILITIES |
$ |
3,881,898.55 |
|
$ |
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
POSTPETITION |
DATE |
|
AMOUNT |
|
DUE |
|
AMOUNT |
|
||||
LIABILITIES |
INCURRED |
|
OWED |
|
DATE |
|
PAST DUE |
|
||||
1. FEDERAL INCOME TAXES |
|
|
|
|
|
|
|
|
|
|
|
|
2. FICA/MEDICARE |
|
|
|
|
|
|
|
|
|
|
|
|
3. STATE TAXES |
|
|
|
|
|
|
|
|
|
|
|
|
4. REAL ESTATE TAXES |
|
|
|
|
|
|
|
|
|
|
|
|
5. OTHER TAXES (ATTACH LIST) |
|
|
|
|
|
|
|
|
|
|
|
|
6. TOTAL TAXES |
|
|
|
$ |
- |
|
|
|
|
$ |
- |
|
OTHER POSTPETITION LIABILITIES INCLUDING TRADE CREDITORS (LIST NAMES OF CREDITORS) |
|
|||||||||||
7. Masters Creek Operator Services |
05/01/20 |
|
$ |
1,800.00 |
|
|
05/31/20 |
|
$ |
1,800.00 |
|
|
8. Masters Creek Operator Services |
05/01/20 |
|
$ |
1,200.00 |
|
|
05/31/20 |
|
$ |
1,200.00 |
|
|
9. Masters Creek Operator Services |
05/01/20 |
|
$ |
1,200.00 |
|
|
05/31/20 |
|
$ |
1,200.00 |
|
|
10. Crimson Exploration Operating |
5/8/20 |
|
$ |
14,369.19 |
|
|
06/08/20 |
|
$ |
14,369.19 |
|
|
11. Masters Creek Operator Services |
05/26/20 |
|
$ |
2,400.00 |
|
|
06/25/20 |
|
$ |
2,400.00 |
|
|
12. Masters Creek Operator Services |
05/27/20 |
|
$ |
2,400.00 |
|
|
06/26/20 |
|
$ |
2,400.00 |
|
|
13. Masters Creek Operator Services |
05/28/20 |
|
$ |
2,400.00 |
|
|
06/27/20 |
|
$ |
2,400.00 |
|
|
14. Compuforms Data Products |
6/4/20 |
|
$ |
410.24 |
|
|
07/04/20 |
|
$ |
410.24 |
|
|
15. Pleasure Island |
06/01/20 |
|
$ |
87.50 |
|
|
07/01/20 |
|
$ |
87.50 |
|
|
16. |
|
|
|
|
|
|
|
|
|
|
|
|
17. |
|
|
|
|
|
|
|
|
|
|
|
|
18. |
|
|
|
|
|
|
|
|
|
|
|
|
19. |
|
|
|
|
|
|
|
|
|
|
|
|
20. |
|
|
|
|
|
|
|
|
|
|
|
|
21. |
|
|
|
|
|
|
|
|
|
|
|
|
22. |
|
|
|
|
|
|
|
|
|
|
|
|
23. |
|
|
|
|
|
|
|
|
|
|
|
|
24. |
|
|
|
|
|
|
|
|
|
|
|
|
25. |
|
|
|
|
|
|
|
|
|
|
|
|
26. |
|
|
|
|
|
|
|
|
|
|
|
|
27. |
|
|
|
|
|
|
|
|
|
|
|
|
28. |
|
|
|
|
|
|
|
|
|
|
|
|
29. (IF ADDITIONAL ATTACH LIST) |
|
|
|
|
|
|
|
|
|
|
|
|
30. TOTAL OF LINES 7 - 29 |
|
|
|
$ |
26,266.93 |
|
|
|
|
$ |
26,266.93 |
|
31. TOTAL POSTPETITION LIABILITIES |
|
|
|
$ |
26,266.93 |
|
|
|
|
$ |
26,266.93 |
|
Monthly Operating Report
CASH BASIS-4A
CASE NAME: |
In re: Davis Petroleum Corp. |
CASE NUMBER: |
Case No. 20-41453-11 |
MONTH: |
|
June |
ACCOUNTS RECEIVABLE AGING |
SCHEDULE AMOUNT |
Apr-20 |
May-20 |
Jun-20 |
||||
1. 0 - 30 |
$ |
3,305.11 |
$ |
3,305.11 |
$ |
32,624.18 |
$ |
(1,930.97) |
2. 31 - 60 |
$ |
- |
$ |
(2,430.81) |
$ |
(184,577.13) |
$ |
5,386.77 |
3. 61 - 90 |
$ |
- |
$ |
(18,099.63) |
$ |
- |
$ |
(417.92) |
4. 91 + |
$ |
621,560.32 |
$ |
621,560.32 |
$ |
761,674.71 |
$ |
602,657.76 |
5. TOTAL ACCOUNTS RECEIVABLE |
$ |
624,865.43 |
$ |
604,334.99 |
$ |
609,721.76 |
$ |
605,695.64 |
6. AMOUNT CONSIDERED UNCOLLECTIBLE |
$ |
82,530.44 |
$ |
31,000.00 |
$ |
31,000.00 |
$ |
31,000.00 |
7. ACCOUNTS RECEIVABLE (NET) |
$ |
542,334.99 |
$ |
573,334.99 |
$ |
578,721.76 |
$ |
574,695.64 |
|
|
|
|
|
|
|
|
|
AGING OF POSTPETITION TAXES AND PAYABLES |
0 - 30 DAYS |
31-60 DAYS |
90+ DAYS |
Total |
||||
TAXES PAYABLE |
||||||||
1. FEDERAL |
|
|
|
|
|
|
$ |
- |
2. STATE |
|
|
|
|
|
|
$ |
- |
3. LOCAL |
|
|
|
|
|
|
$ |
- |
4. OTHER (ATTACH LIST) |
|
|
|
|
|
|
$ |
- |
5. TOTAL TAXES PAYABLE |
$ |
- |
$ |
- |
$ |
- |
$ |
- |
6. ACCOUNTS PAYABLE |
$ |
29,481.36 |
$ |
28,634.15 |
$ |
- |
$ |
58,115.51 |
|
|
|
|
|
|
|
|
|
STATUS OF POSTPETITION TAXES
FEDERAL |
BEGINNING TAX LIABILITY |
AMOUNT WITHHELD OR ACCRUED |
AMOUNT PAID |
ENDING TAX LIABILITY |
||||
1. WITHHOLDING |
|
|
|
|
|
|
$ |
- |
2. FICA-EMPLOYEE |
|
|
|
|
|
|
$ |
- |
3. FICA-EMPLOYER |
|
|
|
|
|
|
$ |
- |
4. UNEMPLOYMENT |
|
|
|
|
|
|
$ |
- |
5. INCOME |
|
|
|
|
|
|
$ |
- |
6. OTHER (ATTACH LIST) |
|
|
|
|
|
|
$ |
- |
7. TOTAL FEDERAL TAXES |
$ |
- |
$ |
- |
$ |
- |
$ |
- |
STATE AND LOCAL |
|
|
|
|
|
|
$ |
- |
8. WITHHOLDING |
|
|
|
|
|
|
$ |
- |
9. SALES |
|
|
|
|
|
|
$ |
- |
10. EXCISE |
|
|
|
|
|
|
$ |
- |
11. UNEMPLOYMENT |
|
|
|
|
|
|
$ |
- |
12. REAL PROPERTY |
|
|
|
|
|
|
$ |
- |
13. PERSONAL PROPERTY |
|
|
|
|
|
|
$ |
- |
14. OTHER (ATTACH LIST) |
|
|
|
|
|
|
$ |
- |
15. TOTAL STATE & LOCAL |
$ |
- |
$ |
- |
$ |
- |
$ |
- |
16. TOTAL TAXES |
$ |
- |
$ |
- |
$ |
- |
$ |
- |
Monthly Operating Report
CASH BASIS-5
CASE NAME: |
In re: Davis Petroleum Corp. |
CASE NUMBER: |
Case No. 20-41453-11 |
MONTH: |
June |
|
|
PAYMENTS TO INSIDERS AND PROFESSIONALS |
|||
|
|||
INSIDERS |
|||
NAME |
TYPE OF PAYMENT |
AMOUNT PAID |
TTL PD TO DATE |
1. |
|
|
|
2. |
|
|
|
3. |
|
|
|
4. |
|
|
|
5. |
|
|
|
TOTAL PAYMENTS TO INSIDERS |
$ - |
$ - |
PROFESSIONALS |
|||||
NAME |
DATE OF COURT ORDER AUTHORIZING PAYMENT |
AMOUNT APPROVED |
AMOUNT PAID |
TTL PAID TO DATE |
TOTAL INCURRED & UNPAID |
1. |
|
|
|
|
|
2. |
|
|
|
|
|
3. |
|
|
|
|
|
4. |
|
|
|
|
|
5. |
|
|
|
|
|
TOTAL PAYMENTS TO PROFESSIONALS |
$ - |
$ - |
$ - |
$ - |
POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS |
|||
|
|
|
|
NAME OF CREDITOR |
SCHEDULED MONTHLY PAYMENTS DUE |
AMOUNTS PAID DURING MONTH |
TOTAL UNPAID POST- PETITION |
1. |
|
|
|
2. |
|
|
|
3. |
|
|
|
4. |
|
|
|
5. |
|
|
|
6. TOTAL |
$ - |
$ - |
$ - |
Monthly Operating Report
CASH BASIS-6
2020
CASE NAME: |
In re: Davis Petroleum Corp. |
CASE NUMBER: |
Case No. 20-41453-11 |
MONTH: |
June |
|
|
QUESTIONNAIRE |
|
|
|
YES |
NO |
1. HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE THE NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD? |
|
X |
2. HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT OTHER THAN A DEBTOR IN POSSESSION ACCOUNT? |
|
X |
3. ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES OR LOANS) DUE FROM RELATED PARTIES? |
|
X |
4. HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES THIS REPORTING PERIOD? |
|
X |
5. HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE DEBTOR FROM ANY PARTY? |
|
X |
6. ARE ANY POSTPETITION PAYROLL TAXES PAST DUE? |
|
X |
7. ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES PAST DUE? |
|
X |
8. ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE? |
|
X |
9. ARE ANY OTHER POSTPETITION TAXES PAST DUE? |
|
X |
10. ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS DELINQUENT? |
X |
|
11. HAVE ANY PREPETITION TAXES BEEN PAID DURING THE REPORTING PERIOD? |
|
X |
12. ARE ANY WAGE PAYMENTS PAST DUE? |
|
X |
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "YES"; PROVIDE A DETAILED EXPLANATION OF EACH ITEM. ATTACH ADDITIONAL SHEETS IF NECESSARY.
Agreed that payments would be made at sale closing which has been delayed. |
INSURANCE |
|
|
|
YES |
NO |
1. ARE WORKER'S COMPENSATION, GENERAL LIABILITY AND OTHER NECESSARY INSURANCE COVERAGES IN EFFECT? |
X |
|
2. ARE ALL PREMIUM PAYMENTS PAID CURRENT? |
X |
|
3. PLEASE ITEMIZE POLICIES BELOW |
|
|
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "NO" OR IF ANY POLICIES HAVE BEEN CANCELED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE AN EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY.
Agreed that payments would be made at sale closing, and sale closing has been delayed. |
INSTALLMENT PAYMENTS |
|
||
TYPE OF POLICY |
CARRIER |
PERIOD COVERED |
PAYMENT AMOUNT & FREQUENCY |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance Sheet ‐ Davis Petroleum Corp
As of 6/30/2020
Assets |
|
|
|
Liabilities and Equity |
|
|
Cash and cash equivalents |
$ |
24,792 |
|
Current maturities‐bank debt |
$ |
‐ |
Trade receivables |
|
605,696 |
|
Notes payable‐ short term |
|
‐ |
Joint venture partner rec |
|
15,267 |
|
Current maturities‐other |
|
‐ |
Oil and gas revenue |
|
87,560 |
|
Current maturities debt |
$ |
‐ |
Allowance ‐ trade A/R |
|
(31,000) |
|
|
|
|
Officers and employees |
|
‐ |
|
Accounts payable ‐ trade |
$ |
1,702,399 |
Other |
|
54,336 |
|
Accounts payable ‐ officer |
|
‐ |
Allowance ‐ other A/R |
|
‐ |
|
JV Partner Advances |
|
50,882 |
Prepaids |
|
(58,486) |
|
Oil & gas distribution payable |
|
1,222,745 |
Deferred charges and other |
|
‐ |
|
Intercompany advances, net |
|
(2,401,682) |
Total Current Assets |
$ |
698,165 |
|
Accounts payable |
$ |
574,344 |
|
|
|
|
|
|
|
Property and Equipment |
|
|
|
Other deferred credits |
$ |
‐ |
Not subject to amortization |
$ |
245,779 |
|
Short term lease liability |
|
201,739 |
Subject to amortization |
|
432,753,686 |
|
Asset retirement obligations |
|
‐ |
Depletion |
|
(428,656,710) |
|
Accrued expenses and other |
|
1,056,088 |
Net Oil and Gas Properties |
$ |
4,342,755 |
|
Total Current Liabilities |
$ |
1,832,171 |
|
|
|
|
|
|
|
Construction in progress |
$ |
‐ |
|
Bank debt |
$ |
‐ |
Other property and equipment |
|
24,990 |
|
Total Long‐Term Debt |
$ |
‐ |
Accum DD&A other prop |
|
(7,914) |
|
|
|
|
Net Other Property |
$ |
17,077 |
|
Other Long‐Term Liabilities |
|
|
|
|
|
|
Asset retirement obligation |
$ |
4,628,397 |
Other Assets |
|
|
|
Long term lease liability |
|
770,118 |
Receivables from affiliate |
$ |
‐ |
|
Deferred rent credit |
|
‐ |
Investment in subs & prtnshp |
|
‐ |
|
Restricted stock units |
|
‐ |
Deposits |
|
53,242 |
|
Other |
|
‐ |
Operating right‐of‐use leases |
|
971,857 |
|
Total Other Long‐Term Liabilities |
$ |
5,398,515 |
Public offering costs |
|
‐ |
|
|
|
|
Other assets |
|
‐ |
|
Total Liabilities |
$ |
7,230,686 |
Total Other Assets |
$ |
1,025,099 |
|
|
|
|
|
|
|
|
Equity |
|
|
Total Assets |
$ |
6,083,096 |
|
Common stock |
$ |
‐ |
|
|
|
|
Preferred stock |
|
‐ |
|
|
|
|
Capital in excess of par |
|
34,359,856 |
|
|
|
|
|
|
|
|
|
|
|
Distributions |
$ |
‐ |
|
|
|
|
Retained earnings |
|
(34,713,542) |
|
|
|
|
Current period income(loss) |
|
(793,904) |
|
|
|
|
Preferred stock accretion |
|
- |
|
|
|
|
Retained earnings |
$ |
(35,507,446) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Treasury stock, at cost |
$ |
‐ |
|
|
|
|
Total Equity |
$ |
(1,147,590) |
|
|
|
|
|
|
|
|
|
|
|
Total Liabilities and Equity |
$ |
6,083,096 |
Notes:
Balance Sheet ‐ Davis
Beginning Balance
Receipts |
|
|
|
|
$ |
(581.33) |
Check Number |
Date |
Payor |
Purpose |
Type |
|
Amount |
N/A |
06/01/20 |
Castex |
Payment ‐ JIB |
|
$ |
1,879.24 |
|
06/12/20 |
Compressed Air Systems |
|
Voided Check |
$ |
496.08 |
|
06/12/20 |
Jeff Davis Electric Coop |
|
Voided Check |
$ |
85.25 |
|
06/23/20 |
Wadi Petroleum |
Payment ‐ JIB |
|
$ |
933.73 |
|
06/23/20 |
Castex |
Payment ‐ JIB |
|
$ |
974.99 |
|
06/23/20 |
Balidor O&G |
Revenue |
|
$ |
499.51 |
|
06/23/20 |
Balidor O&G |
Revenue |
|
$ |
570.88 |
|
06/26/20 |
Castex |
Payment ‐ JIB |
|
$ |
238.16 |
|
06/30/20 |
Transfer from Yuma Companies |
|
Internal Transfer |
$ |
10,000.00 |
|
06/30/20 |
Transfer from Yuma Companies |
|
Internal Transfer |
$ |
10,000.00 |
Total |
|
|
|
|
$ |
25,677.8 |
Disbursements |
|
|
|
|
|
|
Check Number |
Date |
Payee |
Purpose |
Category |
|
Amount |
51001 |
06/11/20 |
Verizon Wireless |
Critical Vendor |
|
$ |
105.00 |
51003 |
06/12/20 |
State of Louisiana |
Critical Vendor |
|
$ |
200.00 |
Total |
|
|
|
|
$ |
305.00 |
Ending Balance |
|
|
|
|
$ |
24,791.51 |
Receipts and Disbursements
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