8-K

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 (Date of earliest event reported) April 19, 2016 (April 18, 2016)

AXION INTERNATIONAL HOLDINGS, INC.

(Exact name of registrant as specified in its charter)

Colorado	0-13111	84-0846389
(State or other jurisdiction	(Commission File Number)	(IRS Employer
of incorporation)		Identification No.)

4005 All American Way, Zanesille, Ohio	43701
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (740) 452-2500

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01        Other Events

On December 8, 2015, Axion International Holdings, Inc. (the “Company”) filed an 8-K with the U.S. Securities and Exchange Commission to disclose its Chapter 11 bankruptcy filing in Delaware on December 2, 2015 (the “Bankruptcy Filing”). On January 15, 2016, the Company filed an 8-K with the U.S. Securities and Exchange Commission to disclose as a result of the Bankruptcy Filing, the Company would no longer file periodic reports under the Securities Exchange Act of 1934 and its shares will no longer be eligible for legend removal under Rule 144 for failure to continue to meet the current reporting requirement under Rule 144.

Pursuant to the rules and requirements under its Bankruptcy Filing, the Company files monthly financial reports with the U.S. Trustees with the U.S. Bankruptcy Court District of Delaware (the “Monthly Operating Reports”). The Monthly Operating Reports for March 2016 were prepared and filed for (i) the Company, (ii) its wholly-owned operating subsidiary Axion International, Inc. and (iii) its dormant wholly-owned subsidiary Axion Recycled Plastics Incorporated on April 18, 2016. Copies of these Monthly Operating Reports are included herewith as Exhibits to this Form 8-K.

Item 9.01        Exhibits

(d)  Exhibits

Exhibit
Number	Description of Exhibit
99.1	Monthly Operating Report – Axion International Holdings, Inc.
99.2	Monthly Operating Report – Axion International, Inc.
99.3	Monthly Operating Report – Axion Recycled Plastics Incorporated

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: April 19, 2016	AXION INTERNATIONAL HOLDINGS, INC.
	By:	/s/ Donald W. Fallon
		Donald W. Fallon
		Chief Financial Officer

EX-99.1

EXHIBIT 99.1

UNITED STATES BANKRUPTCY COURT

DISTRICT OF DELAWARE

In re: Axion International Holdings, Inc.	Case No.: 15—12416
	Reporting Period: March 2016

MONTHLY OPERATING REPORT (NO ACTIVITY DURING THE REPORTING PERIOD)

File with Court and submit copy to United States Trustee within 20 days after end of month

Submit copy of report to any official committee appointed in the case.

		Document	Explanation	Affidavit/Supplement
REQUIRED DOCUMENTS	Form No.	Attached	Attached	Attached
Schedule of Cash Receipts and Disbursements	MOR-1	Y
Bank Reconciliation (or copies of debtor's bank reconciliations)	MOR-1a	Y
Schedule of Professional Fees Paid	MOR-1b	Y
Copies of bank statements		n/a
Cash disbursements journals		n/a
Statement of Operations	MOR-2	Y
Balance Sheet	MOR-3	Y
Status of Postpetition Taxes	MOR-4	Y
Copies of IRS Form 6123 or payment receipt		N
Copies of tax returns filed during reporting period		N
Summary of Unpaid Postpetition Debts	MOR-4	Y
Listing of aged accounts payable	MOR-4	Y
Accounts Receivable Reconciliation and Aging	MOR-5	Y
Debtor Questionnaire	MOR-5	Y

I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief.

/s/ Donald W. Fallon	April 18, 2016
Signature of Debtor	Date
/s/ Donald W. Fallon	April 18, 2016
Signature of Joint Debtor	Date
/s/ Donald W. Fallon	April 18, 2016
Signature of Authorized Individual*	Date
'Donald W. Fallon	CFO & Treasurer
Printed Name of Authorized Individual	Title of Authorized Individual

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

MOR
(04/07)

In re: Axion International Holdings, Inc.	Case No.: 15-12416
Debtor	Reporting Period: March 2016

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

Amounts reported should be per the debtor's books, not the bank statement. The beginning cash should be the ending cash from the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the "CURRENT MONTH - ACTUAL" column must equal the sum of the four bank account columns. The amounts reported in the "PROJECTED" columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1) . Attach copies of the bank statements and the cash disbursements journal. The total disbursements listed in the disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each account. [See MOR-1 (CON'T)]

BANK ACCOUNTS

CURRENT MONTH

CUMULATIVE FILING TO DATE

OPER.

PAYROLL

TAX

OTHER

ACTUAL

PROJECTED

ACTUAL

PROJECTED

CASH BEGINNING OF MONTH

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

RECEIPTS

CASH SALES

ACCOUNTS RECEIVABLE

LOANS AND ADVANCES

SALE OF ASSETS

OTHER (ATTACH LIST)

TRANSFERS (FROM DIP ACCTS)

TOTAL RECEIPTS

DISBURSEMENTS

NET PAYROLL

PAYROLL TAXES

SALES, USE, & OTHER TAXES

INVENTORY PURCHASES

SECURED/ RENTAL/ LEASES

NO ACTIVITY

INSURANCE

ADMINISTRATIVE

SELLING

OTHER (ATTACH LIST)

OWNER DRAW *

TRANSFERS (TO DIP ACCTS)

PROFESSIONAL FEES

U.S. TRUSTEE QUARTERLY FEES

COURT COSTS

TOTAL DISBURSEMENTS

NET CASH FLOW

(RECEIPTS LESS DISBURSEMENTS)

CASH - END OF MONTH

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES: (FROM CURRENT MONTH ACTUAL COLUMN)
TOTAL DISBURSEMENTS	$	-
LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS	$
PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. from escrow accounts)	$
TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES	$	-

FORM MOR-1
(04/07)

In re: Axion International Holdings, Inc.	Case No.: 15-12416
Debtor	Reporting Period: March 2016

BANK RECONCILIATIONS

Continuation Sheet for MOR-1

A bank reconciliation must be included for each bank account. The debtor's bank reconciliation may be substituted for this page.

	Operating		Payroll		Tax		Other
	#		#		#		#
BALANCE PER BOOKS
BANK BALANCE
(+) DEPOSITS IN TRANSIT (ATTACH LIST)
(-) OUTSTANDING CHECKS (ATTACH LIST)
OTHER (ATTACH EXPLANATION)
ADJUSTED BANK BALANCE *
* Adjusted bank balance must equal balance per books
DEPOSITS IN TRANSIT	Date	Amount	Date	Amount	Date	Amount	Date	Amount
CHECKS OUTSTANDING	Ck. #	Amount	Ch. #	Amount	Ck. #	Amount	Ck. #	Amount
		NO ACTIVITY
OTHER

FORM MOR-1a
(04/07)

In re: Axion International Holdings, Inc.	Case No.: 15-12416
Debtor	Reporting Period: March 2016

SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID

This schedule is to include all retained professional payments from case inception to current month

		Amount		Check		Amount Paid		Year-To-Date
Payee	Period Covered	Approved	Payor	Number	Date	Fees	Expenses	Fees	Expenses
	NO ACTIVITY

FORM MOR-1b
(04/07)

In re: Axion International Holdings, Inc.	Case No.: 15-12416
Debtor	Reporting Period: March 2016

STATEMENT OF OPERATIONS

(Income Statement)

The Statement of Operations is to be prepared on an accrual basis. The accrual basis of accounting recognizes revenue when it is realized and expenses when they are incurred, regardless of when cash is actually received or paid.

			Cumulative
REVENUES	Month		Filing to Date
Gross Revenues	$	-	$	-
Less: Returns and Allowances
Net Revenue	$		$
COST OF GOODS SOLD
Beginning Inventory
Add: Purchases
Add: Cost of Labor
Add: Other Costs (attach schedule)
Less: Ending Inventory
Cost of Goods Sold
Gross Profit
OPERATING EXPENSES
Advertising
Auto and Truck Expense
Bad Debts
Contributions
Employee Benefits Programs
Insider Compensation*
Insurance
Management Fees/Bonuses
Office Expense		NO ACTIVITY
Pension & Profit-Sharing Plans
Repairs and Maintenance
Rent and Lease Expense
Salaries/Commissions/Fees
Supplies
Taxes - Payroll
Taxes - Real Estate
Taxes - Other
Travel and Entertainment
Utilities
Other (attach schedule)
Total Operating Expenses Before Depreciation
Depreciation/Depletion/Amortization
Net Profit (Loss) Before Other Income & Expenses
OTHER INCOME AND EXPENSES
Other Income (attach schedule)
Interest Expense
Other Expense (attach schedule)
Net Profit (Loss) Before Reorganization Items
REORGANIZATION ITEMS
Professional Fees
U. S. Trustee Quarterly Fees
Interest Earned on Accumulated Cash from Chapter 11 (see continuation sheet)
Gain (Loss) from Sale of Equipment
Other Reorganization Expenses (attach schedule)
Total Reorganization Expenses
Income Taxes
Net Profit (Loss)	$	-	$	-

*"Insider" is defined in 11 U.S.C. Section 101(31).

FORM MOR-2
(04/07)

In re: Axion International Holdings, Inc.	Case No.: 15-12416
Debtor	Reporting Period: March 2016

STATEMENT OF OPERATIONS - continuation sheet

		Cumulative
BREAKDOWN OF "OTHER" CATEGORY	Month	Filing to Date
Other Costs
Other Operational Expenses
NO ACTIVITY
Other Income
Other Expenses
Other Reorganization Expenses

Reorganization Items - Interest Earned on Accumulated Cash from Chapter 11:

Interest earned on cash accumulated during the chapter 11 case, which would not have been earned but for the bankruptcy proceeding, should be reported as a reorganization item.

FORM MOR-2 CONT'D
(04/07)

In re: Axion International Holdings, Inc.	Case No.: 15-12416
Debtor	Reporting Period: March 2016

BALANCE SHEET

The Balance Sheet is to be completed on an accrual basis only. Pre-petition liabilities must be classified separately from postpetition obligations.

	BOOK VALUE AT END OF		BOOK VALUE ON
ASSETS	CURRENT REPORTING MONTH		PETITION DATE
CURRENT ASSETS
Unrestricted Cash and Equivalents	$	-	$	-
Restricted Cash and Cash Equivalents (see continuation sheet)
Accounts Receivable (Net)
Notes Receivable
Inventories		NO ACTIVITY
Prepaid Expenses
Professional Retainers
Other Current Assets (attach schedule)
TOTAL CURRENT ASSETS	$		$
PROPERTY AND EQUIPMENT
Real Property and Improvements
Machinery and Equipment
Furniture, Fixtures and Office Equipment
Leasehold Improvements
Vehicles
Less Accumulated Depreciation
TOTAL PROPERTY & EQUIPMENT	$		$
OTHER ASSETS
Loans to Insiders*
Other Assets (attach schedule)
TOTAL OTHER ASSETS	$		$
TOTAL ASSETS	$		$
	BOOK VALUE AT END OF		BOOK VALUE ON
LIABILITIES AND OWNER EQUITY	CURRENT REPORTING MONTH		PETITION DATE
LIABILITIES NOT SUBJECT TO COMPROMISE (Postpetition)
Accounts Payable
Taxes Payable (refer to FORM MOR-4)
Wages Payable
Notes Payable
Rent / Leases - Building/Equipment
Secured Debt / Adequate Protection Payments
Professional Fees
Amounts Due to Insiders*
Other Postpetition Liabilities (attach schedule)
TOTAL POSTPETITION LIABILITIES	$		$
LIABILITIES SUBJECT TO COMPROMISE (Pre-Petition)
Secured Debt
Priority Debt
Unsecured Debt
TOTAL PRE-PETITION LIABILITIES	$		$
TOTAL LIABILITIES	$		$
OWNER EQUITY
Capital Stock
Additional Paid-In Capital
Partners' Capital Account
Owner's Equity Account
Retained Earnings - Pre-Petition
Retained Earnings - Postpetition
Adjustments to Owner Equity (attach schedule)
Postpetition Contributions (Distributions) (Draws) (attach schedule)
NET OWNER EQUITY	$		$
TOTAL LIABILITIES AND OWNERS' EQUITY	$		$

*"Insider" is defined in 11 U.S.C. Section 101(31).

FORM MOR-3
(04/07)

In re: Axion International Holdings, Inc.	Case No.: 15-12416
Debtor	Reporting Period: March 2016

BALANCE SHEET - continuation sheet

	BOOK VALUE AT END OF	BOOK VALUE ON
ASSETS	CURRENT REPORTING MONTH	PETITION DATE
Other Current Assets
NO ACTIVITY
Other Assets

	BOOK VALUE AT END OF	BOOK VALUE ON
LIABILITIES AND OWNER EQUITY	CURRENT REPORTING MONTH	PETITION DATE
Other Postpetition Liabilities
Adjustments to Owner Equity
Postpetition Contributions (Distributions) (Draws)

Restricted Cash is cash that is restricted for a specific use and not available to fund operations. Typically, restricted cash is segregated into a separate account, such as an escrow account.

FORM MOR-3 CONT'D
(04/07)

In re: Axion International Holdings, Inc.	Case No.: 15-12416
Debtor	Reporting Period: March 2016

STATUS OF POSTPETITION TAXES

The beginning tax liability should be the ending liability from the prior month or, if this is the first report, the amount should be zero.

Attach photocopies of IRS Form 6123 or payment receipt to verify payment or deposit of federal payroll taxes.

Attach photocopies of any tax returns filed during the reporting period.

	Beginning	Amount				Ending
	Tax	Withheld or	Amount	Date	Check No.	Tax
	Liability	Accrued	Paid	Paid	or EFT	Liability
Federal
Withholding
FICA-Employee
FICA-Employer
Unemployment			NO ACTIVITY
Income
Other:_________________
Total Federal Taxes
State and Local
Withholding
Sales
Excise
Unemployment
Real Property
Personal Property
Other:_________________
Total State and Local
Total Taxes

SUMMARY OF UNPAID POSTPETITION DEBTS

Attach aged listing of accounts payable.

		Number of Days Past Due
	Current	0-30	31-60	61-90	Over 90	Total
Accounts Payable						$	-
Wages Payable						$	-
Taxes Payable						$	-
Rent/Leases-Building						$	-
Rent/Leases-Equipment						$	-
Secured Debt/Adequate Protection Payments						$	-
Professional Fees						$	-
Amounts Due to Insiders*						$	-
Other:__________________________						$	-
Other:__________________________						$	-
Total Postpetition Debts						$	-

Explain how and when the Debtor intends to pay any past-due postpetition debts.

*"Insider" is defined in 11 U.S.C. Section 101(31).

FORM MOR-4
(04/07)

In re: Axion International Holdings, Inc.	Case No.: 15-12416
Debtor	Reporting Period: March 2016

ACCOUNTS RECEIVABLE RECONCILIATION AND AGING

Accounts Receivable Reconciliation		Amount
Total Accounts Receivable at the beginning of the reporting period		$	-
+ Amounts billed during the period		$	-
- Amounts collected during the period	NO ACTIVITY
Total Accounts Receivable at the end of the reporting period		$	-

Accounts Receivable Aging	Amount
0 - 30 days old	$	-
31 - 60 days old	$	-
61 - 90 days old	$	-
91+ days old	$	-
Total Accounts Receivable	$	-
Amount considered uncollectible (Bad Debt)	$	-
Accounts Receivable (Net)	$	-

DEBTOR QUESTIONNAIRE

Must be completed each month	Yes	No
1. Have any assets been sold or transferred outside the normal course of business this reporting period? If yes, provide an explanation below.		No
2. Have any funds been disbursed from any account other than a debtor in possession account this reporting period? If yes, provide an explanation below.		No
3. Have all postpetition tax returns been timely filed? If no, provide an explanation below.	Yes
4. Are workers compensation, general liability and other necessary insurance coverages in effect? If no, provide an explanation below.	Yes (a)
5. Has any bank account been opened during the reporting period? If yes, provide documentation identifying the opened account(s). If an investment account has been opened provide the required documentation pursuant to the Delaware Local Rule 4001-3.		No

(a) - no employees employed under this debtor, but all employees for related debtor have all coverages in place.

FORM MOR-5
(04/07)

EX-99.2

EXHIBIT 99.2

UNITED STATES BANKRUPTCY COURT

DISTRICT OF DELAWARE

In re: Axion International, Inc.	Case No.: 15-12415
	Reporting Period: March 2016

MONTHLY OPERATING REPORT

File with Court and submit copy to United States Trustee within 20 days after end of month

Submit copy of report to any official committee appointed in the case.

		Document	Explanation	Affidavit/Supplement
REQUIRED DOCUMENTS	Form No.	Attached	Attached	Attached
Schedule of Cash Receipts and Disbursements	MOR-1	Y		Y
Bank Reconciliation (or copies of debtor's bank reconciliations)	MOR-1a	Y
Schedule of Professional Fees Paid	MOR-1b	Y
Copies of bank statements		Y
Cash disbursements journals		Y
Statement of Operations	MOR-2	Y		Y
Balance Sheet	MOR-3	Y		Y
Status of Postpetition Taxes	MOR-4	Y
Copies of IRS Form 6123 or payment receipt		N
Copies of tax returns filed during reporting period		N
Summary of Unpaid Postpetition Debts	MOR-4	Y
Listing of aged accounts payable	MOR-4	Y
Accounts Receivable Reconciliation and Aging	MOR-5	Y
Debtor Questionnaire	MOR-5	Y

I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief.

/s/ Donald W. Fallon	April 18, 2016
Signature of Debtor	Date
/s/ Donald W. Fallon	April 18, 2016
Signature of Joint Debtor	Date
/s/ Donald W. Fallon	April 18, 2016
Signature of Authorized Individual*	Date
Donald W. Fallon	CFO & Treasurer
Printed Name of Authorized Individual	Title of Authorized Individual

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

MOR

(04/07)

In re Axion International, Inc.	Case No. 15-12415 (15-12416 & 15-12417)
Debtor	Reporting Period: March 2016

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

Amounts reported should be per the debtor's books, not the bank statement. The beginning cash should be the ending cash from the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the "CURRENT MONTH - ACTUAL" column must equal the sum of the four bank account columns. The amounts reported in the "PROJECTED" columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1) Attach copies of the bank statements and the cash disbursements journal. The total disbursements listed in the disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each account. [See MOR-1 (CON'T)]

	BANK ACCOUNTS								CURRENT MONTH				CUMULATIVE FILING TO DATE
	OPER.		PAYROLL				Utility Dep		ACTUAL		PROJECTED		ACTUAL			PROJECTED
CASH BEGINNING  OF MONTH	$	2,029	$	212			$	9,499	$	11,740	$	158,470	$	36,452		$	188,571
RECEIPTS
CASH  SALES									$	-
ACCOUNTS RECEIVABLE	$	1,238,843							$	1,238,843	$	1,243,715	$	4,422,895		$	4,469,352
LOANS AND ADVANCES	$	800,000							$	800,000	$	1,150,000	$	1,450,000		$	1,825,000
SALE  OF  ASSETS									$	-			$	47,500
OTHER  (ATTACH  LIST)									$	-			$	(5,727	)
TRANSFERS  (FROM  DIP ACCTS)			$	316,000					$	316,000			$	478,999
MISCELLANEOUS									$	-			$	8
TOTAL RECEIPTS	$	2,038,843	$	316,000	$	-	$	-	$	2,354,843	$	2,393,715	$	6,393,674		$	6,294,352
DISBURSEMENTS
NET PAYROLL	$	547	$	225,492					$	226,039	$	332,090	$	1,012,568		$	1,424,303
PAYROLL TAXES			$	85,320					$	85,320			$	390,822
EMPLOYEE BENEFITS	$	24,182	$	12					$	24,194	$	40,051	$	154,305		$	170,247
SALES, USE, & OTHER TAXES									$	-			$	-
INVENTORY PURCHASES	$	652,882							$	652,882	$	938,860	$	2,087,630		$	2,387,227
SECURED/ RENTAL/ LEASES	$	101,050							$	101,050	$	101,050	$	250,996		$	250,996
INSURANCE	$	8,936							$	8,936	$	8,936	$	175,347		$	175,347
ADMINISTRATIVE	$	21,251	$	49					$	21,300	$	20,000	$	47,142		$	48,794
SELLING									$	-			$	-
OTHER (ATTACH  LIST)	$	204,791							$	204,791	$	374,261	$	889,572		$	1,156,922
									$	-			$	-
OWNER DRAW *									$	-			$	-
TRANSFERS (TO DIP ACCTS)	$	316,000							$	316,000			$	478,999
									$	-			$	-
PROFESSIONAL FEES	$	449,779							$	449,779	$	499,778	$	659,303		$	624,778
U.S. TRUSTEE  QUARTERLY FEES	$	-							$	-	$	13,000	$	7,150		$	20,150
COURT COSTS									$	-			$	-
TOTAL DISBURSEMENTS	$	1,779,418	$	310,873	$	-	$	-	$	2,090,291	$	2,328,026	$	6,153,834		$	6,258,764
NET CASH FLOW	$	259,425	$	5,127	$	-	$	-	$	264,552	$	65,689	$	239,840		$	35,588
(RECEIPTS LESS DISBURSEMENTS)
CASH - END OF MONTH	$	261,454	$	5,339	$	-	$	9,499	$	276,292	$	224,159	$	276,292		$	224,159

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES:   (FROM CURRENT MONTH  ACTUAL COLUMN)
TOTAL DISBURSEMENTS	$	2,090,291
LESS: TRANSFERS TO DEBTOR IN POSSESSION  ACCOUNTS	$	(316,000	)
PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES  (i.e. from escrow accounts)	$
TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES	$	1,774,291

FORM MOR-1

(04/07)

In re Axion International, Inc.	Case No. 15-12415 (15-12416 & 15-12417)
Debtor	Reporting Period: March 2016

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

 ATTACHED LISTS TO MOR-1

CASH BEGINNING OF MONTH - 11/30/15 vs 12/2/15
	OPER			PAYROLL		Combined
Balance at 11/30/15 per Bank Reconciliation		133,852			569
12/1/2015 transactions (prepetition)		(97,969	)
Cash December 2, 2015, per this Schedule		35,883			569		36,452

Other Receipts List:	Month		Cumu
AR Terms Discounts	$	-	$	(5,727	)

Other Disbursements List:
	Actual				Projection
Description	Month		Cumu		Month		Cumu
Utility Deposits	$	-	$	26,453	$	-	$	35,951
Freight		56,902		262,831		47,470		251,451
Operating Expenses - Texas Facility		107,761		261,061		133,459		292,162
Operating Expenses - Ohio Facility		23,708		75,866		60,000		119,667
Emergency Repairs - Texas facility		3,962		49,470		-		45,508
Restart Extruder #1 - Texas Facility		-		5,199		31,000		61,199
Legal - commercial/corporate counsel		-		498		-		-
Claims Agent		12,458		31,090		16,686		69,842
Audit & Tax Professional		-		-		-		-
Interest - State of Ohio laon		-		-		-		-
Interest - DiP Loan		-		-		-		-
S/U tax remittence		-		195		-		-
Rutgers Royalty Payment		-		75,922		-		75,922
Real & Personal Property Taxe		-		100,987		-		100,988
Budget Variance @ 10%		-		-		85,646		104,232
TOTAL	$	204,791	$	889,572	$	374,261	$	1,156,922

PAYROLLS
Description	Actual							Cash Accts					Projected
	3/11/16		3/25/16		Total			Operating			Payroll		Month		Cumu
Payroll	$	108,846	$	100,051	$	208,897		$	547			208,350
Fee		1,612		1,427		3,038						3,038
401(k)		2,946		2,859		5,805						5,805
Garnishments		3,719		4,580		8,298						8,298
Taxes		43,238		42,082		85,320						85,320
AFLAC						219			219
Health						27,808			27,808
Dental						1,833			1,833
Life						270			270
HSA Reimb						12						12
TX workers comp						5,051			5,051
OH workers comp						(10,999	)		(10,999	)
TOTAL	$	160,361	$	150,998	$	335,552		$	24,728		$	310,824
												-
Net Payroll	$	117,123	$	108,916	$	226,039		$	547		$	225,492	$	332,090	$	1,424,303
Payroll Taxes		43,238		42,082		85,320						85,320		-		-
Employee Benefits		-		-		24,194			24,182			12		40,051		170,247
TOTAL	$	160,361	$	150,998	$	335,552		$	24,728		$	310,824	$	372,141	$	1,594,550

FORM MOR-1

(04/07)

In re Axion International, Inc.	Case No. 15-12415 (15-12416 & 15-12417)
Debtor	Reporting Period: March 2016

Month: March 31, 2016 GL Account #   CZ1060

General Ledger Reconciliation					Per the Bank
Balance per GL- Begin of Period		$	152,837.59		Ending Balance per Bank Statement	$	360,224.99
Plus:			1,898,311.25		Plus: Outstanding Deposits
Deposits	1,898,311.25
Less:			(1,788,768.64	)	Less: Outstanding Disbursements		(97,844.79	)
Disbursements	1,472,288.64
Bank Charges	480.00		0331PNCOA
Transfer to Other Acct - AXI PNC PR	161,000.00		0331PNCOA
Transfer to Other Acct - AXI PNC PR	155,000.00		0331PNCOA
Balance per GL - End of Period		$	262,380.20		Reconciled Balance per the Bank	$	262,380.20
					Difference		-

Outstanding Disbursements:
AP CK#		AP Amount
11628	ADVANCED POLYMERS SUPPLY INC.		11,632.25
11631	COMDOC		206.36
11634	DIRECT ENERGY BUSINESS		32,788.90
11635	THE HARTFORD		5,050.90
11636	KERRY D. IRONS, M.D., P.A.		84.00
11637	LIFT LEASE & FINANCE CORP		6,608.74
11638	PARSONS OFFICE SYSTEMS INC		64.62
11639	RING CENTRAL		1,102.83
11640	UPS		40.08
EWDEBIT 033016-1	HOME DEPOT		185.56
EWDEBIT 033016-2	CENTRAL TEXAS SECURITY & FIRE		292.28
11643	AMERICAN ELECTRIC POWER		1,573.37
11644	ANTHEM BCBS OH GROUP		27,808.32
11645	ANTHEM DENTAL		1,832.99
11646	ANTHEM LIFE		270.00
11647	CHEM-AQUA, INC.		583.00
11648	CINTAS CORPORATION		164.09
11649	COASTAL COMPOUNDED RESINS		4,049.60
11650	COMPUTERSHARE		515.69
11651	FORD CREDIT		506.48
11652	UPS		36.36
11653	NORTH CAROLINA DEPARTMENT OF R		35.00
11654	STATE OF NEW JERSEY		500.00
11655	STATE OF NEW JERSEY		500.00
11656	STATE OF NEW JERSEY		500.00
EWDEBIT 033116	DUPUY OXYGEN & SUPPLY		61.01
EWDEBIT 033116-2	UNITED REFRIGERATION INC		422.18
EWDEBIT 033116-1	LOCHRIDGE-PRIEST, INC		430.18
			97,844.79

In re Axion International, Inc.	Case No. 15-12415 (15-12416 & 15-12417)
Debtor	Reporting Period: March 2016

Month: March 31, 2016 GL Account # CZ1070

General Ledger Reconciliation					GL Entry #	Per the Bank
Balance per GL- Begin of Period		$	1,928.55			Ending Balance per Bank Statement	$	7,507.73
Plus:			316,007.82			Plus: Outstanding Deposits		-
Deposits	316,000.00
Other Deposit:	7.82				0331PNCPA
Less:			(310,875.59	)		Less: Outstanding Disbursements
Disbursements	310,577.59					Disbursements (Column 1)		(446.95	)
Recurring Paychex Fee for "Obamacare" Reporting	176.00				0331PNCPA
Bank Service Fee	12.00				0331PNCPA
FSA payment to employee	70.00				0331PNCPA
FSA payment to employee	40.00				0331PNCPA
Balance per GL - End of Period		$	7,060.78			Reconciled Balance per the Bank	$	7,060.78
						Difference		0.00
						FSA balance in account		446.95
						Total Outstanding Checks:		446.95

In re Axion International, Inc.	Case No. 15-12415 (15-12416 & 15-12417)
Debtor	Reporting Period: March 2016

Month: March, 2016 GL Account # CZ1080

General Ledger Reconciliation				Per the Bank
Balance per GL- Begin of Period		$	9,498.56	Ending Balance per Bank Statement	$	9,498.56
Plus:			-	Plus: Outstanding Deposits
Deposits	-
Less:			-	Less: Outstanding Disbursements		-
Disbursements	-
Balance per GL - End of Period		$	9,498.56	Reconciled Balance per the Bank	$	9,498.56
				Difference		-

In re Axion International, Inc.	Case No. 15-12415 (15-12416 & 15-12417)
Debtor	Reporting Period: March 2016

SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID

This schedule is to include all retained professional payments from case inception to current month

		Amount			Check		Amount Paid				Year-To-Date
Payee	Period Covered	Approved		Payor	Number	Date	Fees		Expenses		Fees		Expenses
Gordian Partners	(a)	$	200,000	AXI	WT	3/4/16	$	50,000	$	-	$	100,000	$	-
Gordian Partners				AXI	WT	3/11/16	$	50,000	$	-	$	150,000	$	-
Greenberg & Traurig	(b)	$	37,500	AXI	WT	3/4/16	$	4,167			$	4,167
Greenberg & Traurig	(b)			AXI	WT	3/11/16	$	4,167			$	8,334
Greenberg & Traurig	(b)			AXI	WT	3/18/16	$	4,167			$	12,501
Greenberg & Traurig	(b)			AXI	WT	3/25/16	$	8,333			$	20,834
Greenberg & Traurig	(b)			AXI	WT	3/31/16	$	8,333			$	29,167
Bayard	(b)	$	312,500	AXI	WT	3/4/16	$	23,611			$	123,611
Bayard	(b)			AXI	WT	3/11/16	$	23,611			$	147,222
Bayard	(b)			AXI	WT	3/18/16	$	23,611			$	170,833
Bayard	(b)			AXI	WT	3/25/16	$	47,222			$	218,055
Statutory Comm	(b)	$	350,000	AXI	WT	3/4/16	$	36,111			$	61,111
Statutory Comm	(b)			AXI	WT	3/11/16	$	36,111			$	97,222
Statutory Comm	(b)			AXI	WT	3/18/16	$	36,111			$	133,333
Statutory Comm	(b)			AXI	WT	3/25/16	$	72,222			$	205,555
Statutory Comm	(b)			AXI	WT	3/31/16	$	22,000			$	227,555
							$	449,777

Professional fees listed on MOR-1 is based on estimated fees and was transferred to Bayard’s trust account in anticipation of payment of these fees.  MOR-1b will be updated with actual payments when they are disbursed from the trust account.

(a) - Approved investment banking fee of $200,000 agreed to be paid over the period comprising the weeks ended 2/26, 3/4, 3/11 and 5/6 at $50,000 each.

(b) - amounts were paid into escrow account at Bayard.

FORM MOR-1b

(04/07)

AXION INTERNATIONAL INC

General Ledger

Cash Journals

For the Period From Mar 1, 2016 to Mar 31, 2016

Filter Criteria includes: Report order is by ID. Report is printed with shortened descriptions and in Detail Format.

Account ID

Account Description

Date

Reference

Jrnl

Trans Description

Debit Amt

Credit Amt

Balance

CRJ

CDJ

TRF

PR

CZ1060

Operating Account PNC (AXI)

3/1/16

Beginning Balance

152,837.59

CZ1060

Operating Account PNC (AXI)

3/1/16

ACH 030116

CDJ

AFLAC

218.76

(218.76)

CZ1060

Operating Account PNC (AXI)

3/1/16

11569

CDJ

328.47

(328.47)

CZ1060

Operating Account PNC (AXI)

3/1/16

11569V

CDJ

328.47

328.47

CZ1060

Operating Account PNC (AXI)

3/1/16

DEBIT 030116

CDJ

ZANE FEED AND SUPPLY

99.50

(99.50)

CZ1060

Operating Account PNC (AXI)

3/1/16

WT 030116 PNC

CDJ

COLL OH RE HOLDINGS LLC.

27,318.18

(27,318.18)

CZ1060

Operating Account PNC (AXI)

3/1/16

WT 030116-1 PNC

CDJ

WACO AMIGOS REAL ESTATE LLC

23,207.19

(23,207.19)

CZ1060

Operating Account PNC (AXI)

3/1/16

EWDEBIT 030116

CDJ

DUPUY OXYGEN & SUPPLY

241.16

(241.16)

CZ1060

Operating Account PNC (AXI)

3/1/16

EWDEBIT 030116-1

CDJ

HARBOR FREIGHT TOOLS

43.28

(43.28)

CZ1060

Operating Account PNC (AXI)

3/1/16

EWDEBIT 030116-2

CDJ

INTEX RUBBER & SPECIALTY INC

538.54

(538.54)

CZ1060

Operating Account PNC (AXI)

3/1/16

EWDEBIT 030116-3

CDJ

RICHARDS SUPPLY COMPANY

84.44

(84.44)

CZ1060

Operating Account PNC (AXI)

3/1/16

DIPLOANDEPOSIT

GENJ

Deposit for $400k from DIP Loan

400,000.00

400,000.00

CZ1060

Operating Account PNC (AXI)

3/2/16

ACH 030216 PNC

CDJ

DELAWARE FRANCHISE TAX

350.00

(350.00)

CZ1060

Operating Account PNC (AXI)

3/2/16

8922

CRJ

CLEVELAND TRACK MATERIAL INC

976.50

976.50

CZ1060

Operating Account PNC (AXI)

3/2/16

EWDEBIT 030216

CDJ

APPLIED INDUSTRIAL TECHNOLOGIE

79.40

(79.40)

CZ1060

Operating Account PNC (AXI)

3/2/16

EWDEBIT 030216-1

CDJ

RICHARDS SUPPLY COMPANY

131.97

(131.97)

CZ1060

Operating Account PNC (AXI)

3/2/16

EWDEBIT 030216-2

CDJ

WALMART - WACO

99.07

(99.07)

CZ1060

Operating Account PNC (AXI)

3/2/16

DEBIT 0030216

CDJ

GLOBAL INDUSTRIAL

264.76

(264.76)

CZ1060

Operating Account PNC (AXI)

3/2/16

DEBIT 030216

CDJ

PLATT ELECTRIC

295.69

(295.69)

CZ1060

Operating Account PNC (AXI)

3/2/16

DEBIT 030216-1

CDJ

PLATT ELECTRIC

180.58

180.58

CZ1060

Operating Account PNC (AXI)

3/3/16

ACH 030316 PNC

CRJ

PROGRESS RAIL SERVICES

28,920.00

28,920.00

CZ1060

Operating Account PNC (AXI)

3/3/16

11584

CDJ

ADVANCED POLYMERS SUPPLY INC.

7,806.40

(7,806.40)

CZ1060

Operating Account PNC (AXI)

3/3/16

11585

CDJ

AMERIGAS

351.20

(351.20)

CZ1060

Operating Account PNC (AXI)

3/3/16

11586

CDJ

AMERICAN ELECTRIC POWER

2,142.66

(2,142.66)

CZ1060

Operating Account PNC (AXI)

3/3/16

11587

CDJ

CHEM-AQUA, INC.

583.00

(583.00)

CZ1060

Operating Account PNC (AXI)

3/3/16

11588

CDJ

CINTAS CORPORATION

1,065.79

(1,065.79)

CZ1060

Operating Account PNC (AXI)

3/3/16

11589

CDJ

CINTAS CORPORATION #637

496.29

(496.29)

CZ1060

Operating Account PNC (AXI)

3/3/16

11590

CDJ

COASTAL COMPOUNDED RESINS

8,416.00

(8,416.00)

CZ1060

Operating Account PNC (AXI)

3/3/16

11591

CDJ

COMPUTERSHARE

551.78

(551.78)

CZ1060

Operating Account PNC (AXI)

3/3/16

11592

CDJ

FORD CREDIT

506.48

(506.48)

CZ1060

Operating Account PNC (AXI)

3/3/16

11593

CDJ

SUNBELT RENTALS

1,274.67

(1,274.67)

CZ1060

Operating Account PNC (AXI)

3/3/16

11594

CDJ

TERMINIX

48.26

(48.26)

CZ1060

Operating Account PNC (AXI)

3/3/16

11595

CDJ

UPS

22.87

(22.87)

CZ1060

Operating Account PNC (AXI)

3/3/16

11596

CDJ

VINTAGE FILINGS

582.00

(582.00)

CZ1060

Operating Account PNC (AXI)

3/3/16

11597

CDJ

CITY OF WACO WATER

3,042.78

(3,042.78)

CZ1060

Operating Account PNC (AXI)

3/3/16

11588V

CDJ

CINTAS CORPORATION

1,065.79

1,065.79

CZ1060

Operating Account PNC (AXI)

3/3/16

11598

CDJ

CINTAS CORPORATION

704.55

(704.55)

CZ1060

Operating Account PNC (AXI)

3/3/16

11599

CDJ

CINTAS CORPORATION #637

361.24

(361.24)

CZ1060

Operating Account PNC (AXI)

3/3/16

WT 030316 PNC

CDJ

EMERALD PACIFIC RESOURCES

120,491.00

(120,491.00)

CZ1060

Operating Account PNC (AXI)

3/3/16

WT 030316-1 PNC

CDJ

POLY RECYCLE OF MARYLAND LLC

14,559.60

(14,559.60)

CZ1060

Operating Account PNC (AXI)

3/3/16

WT 030316-2 PNC

CDJ

SCHNEIDER NATIONAL, INC.

4,745.00

(4,745.00)

CZ1060

Operating Account PNC (AXI)

3/3/16

WT 030316-3 PNC

CDJ

BAYARD, P.A.

63,889.00

(63,889.00)

CZ1060

Operating Account PNC (AXI)

3/3/16

WT 030316-4 PNC

CDJ

GORDIAN GROUP, LLC

50,000.00

(50,000.00)

CZ1060

Operating Account PNC (AXI)

3/3/16

DEBIT 030316

CDJ

LOWE'S HOME CENTERS, LLC

110.69

(110.69)

CZ1060

Operating Account PNC (AXI)

3/3/16

DEBIT 030316-1

CDJ

WALMART

49.26

(49.26)

CZ1060

Operating Account PNC (AXI)

3/3/16

DEBIT 030316-2

CDJ

ELECDIRECT.COM

73.37

(73.37)

CZ1060

Operating Account PNC (AXI)

3/3/16

EWDEBIT 0300316

CDJ

HARBOR FREIGHT TOOLS

235.65

(235.65)

CZ1060

Operating Account PNC (AXI)

3/3/16

EWDEBIT 030316-1

CDJ

DUPUY OXYGEN & SUPPLY

241.16

(241.16)

CZ1060

Operating Account PNC (AXI)

3/3/16

EWDEBIT 030316

CDJ

AIR COMPRESSOR SERVICES

217.49

(217.49)

CZ1060

Operating Account PNC (AXI)

3/3/16

EWDEBIT 030316-2

CDJ

ZORO.COM

248.83

(248.83)

CZ1060

Operating Account PNC (AXI)

3/3/16

EWDEBIT 030316-3

CDJ

PRO HEAT INC.

170.70

(170.70)

CZ1060

Operating Account PNC (AXI)

3/4/16

WT 030416 PNC

CRJ

ALCOA FASTENING SYSTEMS

193,035.72

193,035.72

CZ1060

Operating Account PNC (AXI)

3/4/16

WT 030416 PNC

CDJ

AMINO TRANSPORT

20,075.00

(20,075.00)

CZ1060

Operating Account PNC (AXI)

3/4/16

8829783

CRJ

BWC STATE INSURANCE FUND

10,999.23

10,999.23

CZ1060

Operating Account PNC (AXI)

3/4/16

EWDEBIT 030416

CDJ

RICHARDS SUPPLY COMPANY

61.90

(61.90)

CZ1060

Operating Account PNC (AXI)

3/4/16

EWDEBIT 030416-1

CDJ

HYDRADYNE, LLC

27.59

(27.59)

CZ1060

Operating Account PNC (AXI)

3/4/16

EWDEBIT 030416-2

CDJ

HOME DEPOT

62.32

(62.32)

CZ1060

Operating Account PNC (AXI)

3/4/16

EWDEBIT 030416-3

CDJ

DUPUY OXYGEN & SUPPLY

95.43

(95.43)

CZ1060

Operating Account PNC (AXI)

3/5/16

EWDEBIT 030516

CDJ

FLYING J TRAVEL PLAZA

77.22

(77.22)

CZ1060

Operating Account PNC (AXI)

3/5/16

EWDEBIT 030516-1

CDJ

ACTION SERVICES

324.75

(324.75)

CZ1060

Operating Account PNC (AXI)

3/6/16

EWDEBIT 030616

CDJ

HARBOR FREIGHT TOOLS

123.15

(123.15)

CZ1060

Operating Account PNC (AXI)

3/6/16

EWDEBIT 030616-1

CDJ

FLYING J TRAVEL PLAZA

290.73

(290.73)

CZ1060

Operating Account PNC (AXI)

3/6/16

EWDEBIT 030616-2

CDJ

HOME DEPOT

8.62

(8.62)

CZ1060

Operating Account PNC (AXI)

3/7/16

456219

CRJ

NEW JERSEY TRANSIT

153,945.00

153,945.00

CZ1060

Operating Account PNC (AXI)

3/7/16

DEBIT 030716

CDJ

FAMILY DOLLAR

8.85

(8.85)

CZ1060

Operating Account PNC (AXI)

3/7/16

EWDEBIT 030716

CDJ

MURPHY USA

30.00

(30.00)

CZ1060

Operating Account PNC (AXI)

3/7/16

EWDEBIT 030716-1

CDJ

DUPUY OXYGEN & SUPPLY

509.11

(509.11)

CZ1060

Operating Account PNC (AXI)

3/7/16

EWDEBIT 030716-2

CDJ

CRAWFORD ELECTRIC SUPPLY

171.71

(171.71)

CZ1060

Operating Account PNC (AXI)

3/7/16

EWDEBIT 030716-3

CDJ

ZORO.COM

212.49

(212.49)

CZ1060

Operating Account PNC (AXI)

3/8/16

11600

CDJ

JAMES WALKER

546.61

(546.61)

CZ1060

Operating Account PNC (AXI)

3/8/16

11600V

CDJ

JAMES WALKER

546.61

546.61

CZ1060

Operating Account PNC (AXI)

3/8/16

11601

CDJ

JAMES WALKER

546.61

(546.61)

CZ1060

Operating Account PNC (AXI)

3/8/16

DEBIT 03086

CDJ

LOWE'S HOME CENTERS, LLC

110.69

110.69

CZ1060

Operating Account PNC (AXI)

3/8/16

DEBIT 030816

CDJ

LOWE'S HOME CENTERS, LLC

156.43

(156.43)

CZ1060

Operating Account PNC (AXI)

3/8/16

EWDEBIT 030816

CDJ

MARTIN TOOL & SUPPLY

213.23

(213.23)

CZ1060

Operating Account PNC (AXI)

3/8/16

EWDEBIT 030816-1

CDJ

TRACTOR SUPPLY CO

27.49

(27.49)

CZ1060

Operating Account PNC (AXI)

3/8/16

EWDEBIT 030816-2

CDJ

WALMART - WACO

155.32

(155.32)

CZ1060

Operating Account PNC (AXI)

3/8/16

EWDEBIT 030816-3

CDJ

ZORO.COM

54.34

54.34

CZ1060

Operating Account PNC (AXI)

3/9/16

DEBIT 030916

CDJ

UNITED STATED POST OFFICE

12.45

(12.45)

CZ1060

Operating Account PNC (AXI)

3/9/16

13675

CRJ

APECK CONSTRUCTION, LLC.

3,438.00

3,438.00

CZ1060

Operating Account PNC (AXI)

3/9/16

DEBIT 030916-1

CDJ

WALMART

28.51

(28.51)

CZ1060

Operating Account PNC (AXI)

3/9/16

EWDEBIT 030916

CDJ

HOME DEPOT

54.57

(54.57)

CZ1060

Operating Account PNC (AXI)

3/9/16

DEBIT 030916-2

CDJ

SUPPLIES OUTLET.COM

80.96

(80.96)

CZ1060

Operating Account PNC (AXI)

3/10/16

11602

CDJ

ADVANCED POLYMERS SUPPLY INC.

15,571.15

(15,571.15)

CZ1060

Operating Account PNC (AXI)

3/10/16

11603

CDJ

NETWORK BILLING SYSTEM, LLC.

95.12

(95.12)

CZ1060

Operating Account PNC (AXI)

3/10/16

11604

CDJ

COASTAL COMPOUNDED RESINS

13,761.60

(13,761.60)

CZ1060

Operating Account PNC (AXI)

3/10/16

11605

CDJ

COSHOCTON ENVIRONMENTAL TESTIN

60.00

(60.00)

CZ1060

Operating Account PNC (AXI)

3/10/16

11606

CDJ

DUPUY OXYGEN & SUPPLY

25.54

(25.54)

CZ1060

Operating Account PNC (AXI)

3/10/16

11607

CDJ

HERZOG

45,649.21

(45,649.21)

Account ID

Account Description

Date

Reference

Jrnl

Trans Description

Debit Amt

Credit Amt

Balance

CRJ

CDJ

TRF

PR

CZ1060

Operating Account PNC (AXI)

3/10/16

11608

CDJ

MICROSOFT

1,454.32

(1,454.32)

CZ1060

Operating Account PNC (AXI)

3/10/16

11609

CDJ

MIDWEST AIR POWER LLC

4,587.20

(4,587.20)

CZ1060

Operating Account PNC (AXI)

3/10/16

11610

CDJ

MUSKINGUM COUNTY UTILITIES

4,396.95

(4,396.95)

CZ1060

Operating Account PNC (AXI)

3/10/16

11611

CDJ

PITNEY BOWES POSTAGE BY PHONE

217.98

(217.98)

CZ1060

Operating Account PNC (AXI)

3/10/16

11612

CDJ

UPS

34.01

(34.01)

CZ1060

Operating Account PNC (AXI)

3/10/16

WT 031016 PNC

CDJ

AMINO TRANSPORT

8,150.00

(8,150.00)

CZ1060

Operating Account PNC (AXI)

3/10/16

WT 031016-1 PNC

CDJ

AVERITT EXPRESS, INC.

420.00

(420.00)

CZ1060

Operating Account PNC (AXI)

3/10/16

WT 031016-2 PNC

CDJ

EMERALD PACIFIC RESOURCES

29,960.00

(29,960.00)

CZ1060

Operating Account PNC (AXI)

3/10/16

WT 031016-3 PNC

CDJ

GP HARMON RECYCLING LLC

56,166.25

(56,166.25)

CZ1060

Operating Account PNC (AXI)

3/10/16

WT 031016-4 PNC

CDJ

SCHNEIDER NATIONAL, INC.

1,515.00

(1,515.00)

CZ1060

Operating Account PNC (AXI)

3/10/16

WT 031016-5 PNC

CDJ

BAYARD, P.A.

63,889.00

(63,889.00)

CZ1060

Operating Account PNC (AXI)

3/10/16

WT 031016-6

CDJ

GORDIAN GROUP, LLC

50,000.00

(50,000.00)

CZ1060

Operating Account PNC (AXI)

3/10/16

EWDEBIT 031016

CDJ

MARTIN TOOL & SUPPLY

1,030.75

(1,030.75)

CZ1060

Operating Account PNC (AXI)

3/10/16

EWDEBIT 031016-1

CDJ

RICHARDS SUPPLY COMPANY

59.59

(59.59)

CZ1060

Operating Account PNC (AXI)

3/10/16

EWDEBIT 031016-2

CDJ

RICHARDS SUPPLY COMPANY

46.96

(46.96)

CZ1060

Operating Account PNC (AXI)

3/10/16

EWDEBIT 031016-3

CDJ

RICHARDS SUPPLY COMPANY

48.26

(48.26)

CZ1060

Operating Account PNC (AXI)

3/10/16

EWDEBIT 031016-4

CDJ

TUBES N HOSES OF WACO

59.24

(59.24)

CZ1060

Operating Account PNC (AXI)

3/10/16

EWDEBIT 031016-5

CDJ

WACP TECHS

500.12

(500.12)

CZ1060

Operating Account PNC (AXI)

3/10/16

EWDEBIT 031016-6

CDJ

RICHARDS SUPPLY COMPANY

47.82

(47.82)

CZ1060

Operating Account PNC (AXI)

3/11/16

455932

CRJ

NEW JERSEY TRANSIT

153,945.00

153,945.00

CZ1060

Operating Account PNC (AXI)

3/11/16

DEBIT 031116

CDJ

HOME DEPOT

4.08

(4.08)

CZ1060

Operating Account PNC (AXI)

3/11/16

DEBIT 031116-1

CDJ

TRACTOR SUPPLY CO

7.99

(7.99)

CZ1060

Operating Account PNC (AXI)

3/11/16

DEBIT 031116-2

CDJ

HARBOR FREIGHT TOOLS

49.32

(49.32)

CZ1060

Operating Account PNC (AXI)

3/11/16

DEBIT 031116-3

CDJ

LOWE'S HOME CENTERS, LLC

18.90

(18.90)

CZ1060

Operating Account PNC (AXI)

3/11/16

EWDEBIT 031116

CDJ

RICHARDS SUPPLY COMPANY

127.17

(127.17)

CZ1060

Operating Account PNC (AXI)

3/11/16

EWDEBIT 031116-1

CDJ

TRACTOR SUPPLY CO

37.88

(37.88)

CZ1060

Operating Account PNC (AXI)

3/13/16

EWDEBIT 031316

CDJ

HOME DEPOT

70.77

(70.77)

CZ1060

Operating Account PNC (AXI)

3/13/16

EWDEBIT 031316-1

CDJ

TRACTOR SUPPLY CO

39.03

(39.03)

CZ1060

Operating Account PNC (AXI)

3/14/16

11613

CDJ

WORTH HYDROCHEM OF CENT TEXAS

3,962.00

(3,962.00)

CZ1060

Operating Account PNC (AXI)

3/14/16

EWDEBIT 031416

CDJ

HARBOR FREIGHT TOOLS

46.53

(46.53)

CZ1060

Operating Account PNC (AXI)

3/14/16

EWDEBIT 031416-1

CDJ

WACO TECHS

189.00

(189.00)

CZ1060

Operating Account PNC (AXI)

3/14/16

EWDEBIT 031416-1-2

CDJ

RADWELL INTERNATIONAL INC

65.88

(65.88)

CZ1060

Operating Account PNC (AXI)

3/14/16

EWDEBIT 031416-2

CDJ

ZORO.COM

128.88

(128.88)

CZ1060

Operating Account PNC (AXI)

3/15/16

DEBIT 031516

CDJ

KNOWLTON STEEL SUPPLY, INC.

392.00

(392.00)

CZ1060

Operating Account PNC (AXI)

3/15/16

EWDEBIT 031516

CDJ

CRAWFORD ELECTRIC SUPPLY

202.62

(202.62)

CZ1060

Operating Account PNC (AXI)

3/15/16

EWDEBIT 031516-1

CDJ

RICHARDS SUPPLY COMPANY

103.89

(103.89)

CZ1060

Operating Account PNC (AXI)

3/15/16

EWDEBIT 031516-2

CDJ

ZORO.COM

140.73

(140.73)

CZ1060

Operating Account PNC (AXI)

3/16/16

WT 031616 PNC

CDJ

AMINO TRANSPORT

4,150.00

(4,150.00)

CZ1060

Operating Account PNC (AXI)

3/16/16

WT 031616-1 PNC

CDJ

BAYARD, P.A.

63,889.00

(63,889.00)

CZ1060

Operating Account PNC (AXI)

3/16/16

WT 031616-2 PNC

CDJ

GP HARMON RECYCLING LLC

44,237.70

(44,237.70)

CZ1060

Operating Account PNC (AXI)

3/16/16

WT 031616-3 PNC

CDJ

POLY RECYCLE OF MARYLAND LLC

24,642.09

(24,642.09)

CZ1060

Operating Account PNC (AXI)

3/16/16

WT 031616-4 PNC

CDJ

SCHNEIDER NATIONAL, INC.

3,035.00

(3,035.00)

CZ1060

Operating Account PNC (AXI)

3/16/16

EWDEBIT 031616

CDJ

DUPUY OXYGEN & SUPPLY

13.80

(13.80)

CZ1060

Operating Account PNC (AXI)

3/16/16

EWDEBIT 031616-1

CDJ

HOME DEPOT

108.21

(108.21)

CZ1060

Operating Account PNC (AXI)

3/16/16

EWDEBIT 031616-3

CDJ

METALS 2 GO

23.82

(23.82)

CZ1060

Operating Account PNC (AXI)

3/16/16

EWDEBIT 031616-4

CDJ

MURPHY USA

35.00

(35.00)

CZ1060

Operating Account PNC (AXI)

3/16/16

EWDEBIT 031616-5

CDJ

RICHARDS SUPPLY COMPANY

332.55

(332.55)

CZ1060

Operating Account PNC (AXI)

3/16/16

EWDEBIT 031616-6

CDJ

RICHARDS SUPPLY COMPANY

127.48

127.48

CZ1060

Operating Account PNC (AXI)

3/16/16

DIPLOANDEPOSIT

GENJ

To record 2nd deposit during March 2016 from DIP Loan

400,000.00

400,000.00

CZ1060

Operating Account PNC (AXI)

3/17/16

10729

CRJ

EQ ILLINOIS

3,250.00

3,250.00

CZ1060

Operating Account PNC (AXI)

3/17/16

EWDEBIT 031716

CDJ

ZORO.COM

199.79

(199.79)

CZ1060

Operating Account PNC (AXI)

3/18/16

11614

CDJ

COASTAL COMPOUNDED RESINS

13,217.60

(13,217.60)

CZ1060

Operating Account PNC (AXI)

3/18/16

11615

CDJ

COMDOC, INC.

247.04

(247.04)

CZ1060

Operating Account PNC (AXI)

3/18/16

11616

CDJ

THE ENERGY COOPERATIVE

3,338.18

(3,338.18)

CZ1060

Operating Account PNC (AXI)

3/18/16

11617

CDJ

EPIQ BANKRUPTCY SOLUTIONS

12,458.40

(12,458.40)

CZ1060

Operating Account PNC (AXI)

3/18/16

11618

CDJ

GBQ PARTNERS, LLC

5,000.00

(5,000.00)

CZ1060

Operating Account PNC (AXI)

3/18/16

11619

CDJ

THE HARTFORD

8,936.43

(8,936.43)

CZ1060

Operating Account PNC (AXI)

3/18/16

11620

CDJ

SPOONER INC.

175.00

(175.00)

CZ1060

Operating Account PNC (AXI)

3/18/16

11621

CDJ

TIME WARNER CABLE

456.78

(456.78)

CZ1060

Operating Account PNC (AXI)

3/18/16

11622

CDJ

TIME WARNER CABLE

802.10

(802.10)

CZ1060

Operating Account PNC (AXI)

3/18/16

11623

CDJ

UPS

106.07

(106.07)

CZ1060

Operating Account PNC (AXI)

3/18/16

11624

CDJ

ADVANCED POLYMERS SUPPLY INC.

12,642.90

(12,642.90)

CZ1060

Operating Account PNC (AXI)

3/18/16

ACH 031816 PNC

CRJ

TENNESSEE VALLEY AUTHORITY

4,840.00

4,840.00

CZ1060

Operating Account PNC (AXI)

3/18/16

ACH 031816-1 PNC

CRJ

EASTERN RAIL CORPORATION

53,172.96

53,172.96

CZ1060

Operating Account PNC (AXI)

3/18/16

EWDEBIT 031616-2

CDJ

METALS 2 GO

46.84

(46.84)

CZ1060

Operating Account PNC (AXI)

3/20/16

EWDEBIT 032016

CDJ

HOME DEPOT

252.33

(252.33)

CZ1060

Operating Account PNC (AXI)

3/22/16

11625

CDJ

AERO PALLET

2,730.00

(2,730.00)

CZ1060

Operating Account PNC (AXI)

3/22/16

DEBIT 032216-1

CDJ

RUSSO POWER EQUIPMENT

15.48

(15.48)

CZ1060

Operating Account PNC (AXI)

3/22/16

EWDEBIT 032216

CDJ

DUPUY OXYGEN & SUPPLY

39.96

(39.96)

CZ1060

Operating Account PNC (AXI)

3/22/16

EWDEBIT 032216-1

CDJ

FASTENAL COMPANY

22.30

(22.30)

CZ1060

Operating Account PNC (AXI)

3/22/16

EWDEBIT 032216-2

CDJ

FASTENAL COMPANY

8.35

(8.35)

CZ1060

Operating Account PNC (AXI)

3/22/16

EWDEBIT 032216-3

CDJ

HARBOR FREIGHT TOOLS

43.29

(43.29)

CZ1060

Operating Account PNC (AXI)

3/22/16

EWDEBIT 032216-4

CDJ

WACO TECHS

37.89

(37.89)

CZ1060

Operating Account PNC (AXI)

3/22/16

DEBIT 032216-2

CDJ

GLOBAL INDUSTRIAL

162.20

(162.20)

CZ1060

Operating Account PNC (AXI)

3/22/16

DEBIT 032216-3

CDJ

MOTION INDUSTRIES

57.05

(57.05)

CZ1060

Operating Account PNC (AXI)

3/23/16

11626

CDJ

DOL-OSHA

2,082.50

(2,082.50)

CZ1060

Operating Account PNC (AXI)

3/23/16

EWDEBIT 031616-7

CDJ

ZORO.COM

79.70

(79.70)

CZ1060

Operating Account PNC (AXI)

3/23/16

11627

CDJ

SIDWELL MATERIALS, INC.

1,210.00

(1,210.00)

CZ1060

Operating Account PNC (AXI)

3/24/16

36578

CRJ

LOTUS ENGINEERING INC.

500.10

500.10

CZ1060

Operating Account PNC (AXI)

3/24/16

458157

CRJ

NEW JERSEY TRANSIT

184,545.00

184,545.00

CZ1060

Operating Account PNC (AXI)

3/24/16

457279

CRJ

NEW JERSEY TRANSIT

153,945.00

153,945.00

CZ1060

Operating Account PNC (AXI)

3/24/16

WT 032416 PNC

CDJ

EMERALD PACIFIC RESOURCES

53,973.85

(53,973.85)

CZ1060

Operating Account PNC (AXI)

3/24/16

WT 032416-1 PNC

CDJ

GP HARMON RECYCLING LLC

35,920.50

(35,920.50)

CZ1060

Operating Account PNC (AXI)

3/24/16

WT 032416-2 PNC

CDJ

AMINO TRANSPORT

20,500.00

(20,500.00)

CZ1060

Operating Account PNC (AXI)

3/24/16

WT 032416-3 PNC

CDJ

KIBBECHEM, INC.

18,253.16

(18,253.16)

CZ1060

Operating Account PNC (AXI)

3/24/16

WT 032416-4 PNC

CDJ

POLY RECYCLE OF MARYLAND LLC

14,587.65

(14,587.65)

CZ1060

Operating Account PNC (AXI)

3/24/16

WT 032416-5 PNC

CDJ

ATC PLASTICS LLC

7,074.00

(7,074.00)

CZ1060

Operating Account PNC (AXI)

3/24/16

WT 032416-6 PNC

CDJ

BAYARD, P.A.

127,778.00

(127,778.00)

CZ1060

Operating Account PNC (AXI)

3/24/16

EWDEBIT 032416

CDJ

HOME DEPOT

378.75

(378.75)

CZ1060

Operating Account PNC (AXI)

3/24/16

EWDEBIT 032416-1

CDJ

ULTRAMATION INC

391.00

(391.00)

CZ1060

Operating Account PNC (AXI)

3/28/16

11628

CDJ

ADVANCED POLYMERS SUPPLY INC.

11,632.25

(11,632.25)

CZ1060

Operating Account PNC (AXI)

3/28/16

11629

CDJ

CITY OF WACO WATER

2,160.76

(2,160.76)

CZ1060

Operating Account PNC (AXI)

3/28/16

11630

CDJ

COASTAL COMPOUNDED RESINS

9,088.00

(9,088.00)

Account ID

Account Description

Date

Reference

Jrnl

Trans Description

Debit Amt

Credit Amt

Balance

CRJ

CDJ

TRF

PR

CZ1060

Operating Account PNC (AXI)

3/28/16

11631

CDJ

COMDOC

206.36

(206.36)

CZ1060

Operating Account PNC (AXI)

3/28/16

11632

CDJ

COMDOC, INC.

17.91

(17.91)

CZ1060

Operating Account PNC (AXI)

3/28/16

11633

CDJ

COSHOCTON ENVIRONMENTAL TESTIN

60.00

(60.00)

CZ1060

Operating Account PNC (AXI)

3/28/16

11634

CDJ

DIRECT ENERGY BUSINESS

32,788.90

(32,788.90)

CZ1060

Operating Account PNC (AXI)

3/28/16

11635

CDJ

THE HARTFORD

5,050.90

(5,050.90)

CZ1060

Operating Account PNC (AXI)

3/28/16

11636

CDJ

KERRY D. IRONS, M.D., P.A.

84.00

(84.00)

CZ1060

Operating Account PNC (AXI)

3/28/16

11637

CDJ

LIFT LEASE & FINANCE CORP

6,608.74

(6,608.74)

CZ1060

Operating Account PNC (AXI)

3/28/16

11638

CDJ

PARSONS OFFICE SYSTEMS INC

64.62

(64.62)

CZ1060

Operating Account PNC (AXI)

3/28/16

11639

CDJ

RING CENTRAL

1,102.83

(1,102.83)

CZ1060

Operating Account PNC (AXI)

3/28/16

11640

CDJ

UPS

40.08

(40.08)

CZ1060

Operating Account PNC (AXI)

3/28/16

11641

CDJ

VERIZON WIRELESS

566.55

(566.55)

CZ1060

Operating Account PNC (AXI)

3/28/16

11642

CDJ

VINTAGE FILINGS

582.00

(582.00)

CZ1060

Operating Account PNC (AXI)

3/28/16

ACH 032816 PNC

CRJ

EASTERN RAIL CORPORATION

89,803.52

89,803.52

CZ1060

Operating Account PNC (AXI)

3/28/16

EWDEBIT 032816

CDJ

MURPHY USA

50.00

(50.00)

CZ1060

Operating Account PNC (AXI)

3/30/16

DEBIT 033016

CDJ

ZANE FEED AND SUPPLY

60.52

(60.52)

CZ1060

Operating Account PNC (AXI)

3/30/16

EWDEBIT 033016

CDJ

UNITED REFRIGERATION INC

135.46

(135.46)

CZ1060

Operating Account PNC (AXI)

3/30/16

EWDEBIT 033016-1

CDJ

HOME DEPOT

185.56

(185.56)

CZ1060

Operating Account PNC (AXI)

3/30/16

EWDEBIT 033016-2

CDJ

CENTRAL TEXAS SECURITY & FIRE

292.28

(292.28)

CZ1060

Operating Account PNC (AXI)

3/31/16

WT 033116 PNC

CRJ

ALCOA FASTENING SYSTEMS

28,442.50

28,442.50

CZ1060

Operating Account PNC (AXI)

3/31/16

CASH 033116

CRJ

LOWE'S HOME CENTERS, LLC

2.76

2.76

CZ1060

Operating Account PNC (AXI)

3/31/16

146288

CRJ

ST LAWRENCE CO DEPT OF GOV SER

32,136.00

32,136.00

CZ1060

Operating Account PNC (AXI)

3/31/16

11643

CDJ

AMERICAN ELECTRIC POWER

1,573.37

(1,573.37)

CZ1060

Operating Account PNC (AXI)

3/31/16

11644

CDJ

ANTHEM BCBS OH GROUP

27,808.32

(27,808.32)

CZ1060

Operating Account PNC (AXI)

3/31/16

11645

CDJ

ANTHEM DENTAL

1,832.99

(1,832.99)

CZ1060

Operating Account PNC (AXI)

3/31/16

11646

CDJ

ANTHEM LIFE

270.00

(270.00)

CZ1060

Operating Account PNC (AXI)

3/31/16

11647

CDJ

CHEM-AQUA, INC.

583.00

(583.00)

CZ1060

Operating Account PNC (AXI)

3/31/16

11648

CDJ

CINTAS CORPORATION

164.09

(164.09)

CZ1060

Operating Account PNC (AXI)

3/31/16

11649

CDJ

COASTAL COMPOUNDED RESINS

4,049.60

(4,049.60)

CZ1060

Operating Account PNC (AXI)

3/31/16

11650

CDJ

COMPUTERSHARE

515.69

(515.69)

CZ1060

Operating Account PNC (AXI)

3/31/16

11651

CDJ

FORD CREDIT

506.48

(506.48)

CZ1060

Operating Account PNC (AXI)

3/31/16

11652

CDJ

UPS

36.36

(36.36)

CZ1060

Operating Account PNC (AXI)

3/31/16

11653

CDJ

NORTH CAROLINA DEPARTMENT OF R

35.00

(35.00)

CZ1060

Operating Account PNC (AXI)

3/31/16

11654

CDJ

STATE OF NEW JERSEY

500.00

(500.00)

CZ1060

Operating Account PNC (AXI)

3/31/16

11655

CDJ

STATE OF NEW JERSEY

500.00

(500.00)

CZ1060

Operating Account PNC (AXI)

3/31/16

11656

CDJ

STATE OF NEW JERSEY

500.00

(500.00)

CZ1060

Operating Account PNC (AXI)

3/31/16

WT 033116 PNC

CDJ

EMERALD PACIFIC RESOURCES

75,397.00

(75,397.00)

CZ1060

Operating Account PNC (AXI)

3/31/16

WT 033116-1 PNC

CDJ

GP HARMON RECYCLING LLC

35,687.75

(35,687.75)

CZ1060

Operating Account PNC (AXI)

3/31/16

WT 033116-2 PNC

CDJ

COLL OH RE HOLDINGS LLC.

27,318.18

(27,318.18)

CZ1060

Operating Account PNC (AXI)

3/31/16

WT 033116-3 PNC

CDJ

WACO AMIGOS REAL ESTATE LLC

23,207.19

(23,207.19)

CZ1060

Operating Account PNC (AXI)

3/31/16

WT 033116-4 PNC

CDJ

POLY RECYCLE OF MARYLAND LLC

13,926.00

(13,926.00)

CZ1060

Operating Account PNC (AXI)

3/31/16

WT 033116-5 PNC

CDJ

GILBERT + TOBIN

5,239.35

(5,239.35)

CZ1060

Operating Account PNC (AXI)

3/31/16

WT 033116-6 PNC

CDJ

AMINO TRANSPORT

3,400.00

(3,400.00)

CZ1060

Operating Account PNC (AXI)

3/31/16

WT 033116-7 PNC

CDJ

BAYARD, P.A.

30,333.00

(30,333.00)

CZ1060

Operating Account PNC (AXI)

3/31/16

EWDEBIT 033116

CDJ

DUPUY OXYGEN & SUPPLY

61.01

(61.01)

CZ1060

Operating Account PNC (AXI)

3/31/16

EWDEBIT 033116-2

CDJ

UNITED REFRIGERATION INC

422.18

(422.18)

CZ1060

Operating Account PNC (AXI)

3/31/16

EWDEBIT 033116-1

CDJ

LOCHRIDGE-PRIEST, INC

430.18

(430.18)

CZ1060

Operating Account PNC (AXI)

3/31/16

0331PNCOA

GENJ

To record transfer of funds for payroll paid on 03/11/16

161,000.00

(161,000.00)

CZ1060

Operating Account PNC (AXI)

3/31/16

0331PNCOA

GENJ

To record bank fees for the month of March 2016

480.00

(480.00)

CZ1060

Operating Account PNC (AXI)

3/31/16

0331PNCOA

GENJ

To record transfer of funds for payroll paid on 03/25/16

155,000.00

(155,000.00)

CZ1060

Operating Account PNC (AXI)

Current Period Change

1,898,311.25

1,788,768.64

109,542.61

3/31/16

Ending Balance

262,380.20

CZ1070

Payroll Account PNC (AXI)

3/1/16

Beginning Balance

1,928.55

CZ1070

Payroll Account PNC (AXI)

3/31/16

0331-PAYR

GENJ

Payroll for March 2016

310,577.59

(310,577.59)

CZ1070

Payroll Account PNC (AXI)

3/31/16

0331PNCOA

GENJ

To record transfer of funds for payroll paid on 03/25/16

155,000.00

155,000.00

CZ1070

Payroll Account PNC (AXI)

3/31/16

0331PNCOA

GENJ

To record transfer of funds for payroll paid on 03/11/16

161,000.00

161,000.00

CZ1070

Payroll Account PNC (AXI)

3/31/16

0331PNCPA

GENJ

Bank fees for March 2016

12.00

(12.00)

CZ1070

Payroll Account PNC (AXI)

3/31/16

0331PNCPA

GENJ

To record recurring Paychex fee for "Obamacare" reporting

176.00

(176.00)

CZ1070

Payroll Account PNC (AXI)

3/31/16

0331PNCPA

GENJ

Entry to balance account

7.82

CZ1070

Payroll Account PNC (AXI)

3/31/16

0331PNCPA

GENJ

FSA Reimbursement

110.00

(110.00)

CZ1070

Payroll Account PNC (AXI)

Current Period Change

316,007.82

310,875.59

5,132.23

3/31/16

Ending Balance

7,060.78

CZ1080

Utility Deposit Account

3/1/16

Beginning Balance

9,498.56

3/31/16

Ending Balance

9,498.56

1,895,897.29

(1,470,354.68)

-

(310,875.59)

Beginning cash balance

164,264.70

2/29 reconciling items

1,107.41

Misc reconciling items at Feb cutoff

313.37

Deposit of AR in GL in Feb '16

(153,945.00)

(153,945.00)

Adjusted beginning cash balance

11,740.48

DiP Loans

800,000.00

800,000.00

AR Collections

1,249,842.29

1,249,842.29

Operating disbursements

(1,474,417.48)

(1,474,417.48)

Payroll disbursements

(310,872.93)

(310,872.93)

Cut off transactions

-

4,062.80

(2.66)

276,292.36

1,895,897.29

(1,470,354.68)

-

(310,875.59)

In re: Axion International, Inc.	Case No.: 15-12415
Debtor	Reporting Period: March 2016

STATEMENT OF OPERATIONS

(Income Statement)

The Statement of Operations is to be prepared on an accrual basis. The accrual basis of accounting recognizes revenue when it is realized and expenses when they are incurred, regardless of when cash is actually received or paid.

				Cumulative
REVENUES	Month			Filing to Date
Gross Revenues	$	673,056		$	3,220,480
Less:  Returns and Allowances	$	-		$	-
Net Revenue	$	673,056		$	3,220,480
COST OF GOODS SOLD
Beginning Inventory	$	1,368,962		$	6,060,835
Add: Purchases	$	607,705		$	2,075,564
Add: Cost of Labor & Production Costs	$	495,827		$	1,896,694
Add: Other Costs (attach schedule)	$	54,929		$	244,507
Less: Ending Inventory	$	(1,685,625	)	$	(5,943,967	)
Cost of Goods Sold	$	841,797		$	4,333,633
Gross Profit	$	(168,741	)	$	(1,113,154	)
OPERATING EXPENSES
Personnel Costs - Sales & Marketing	$	42,114		$	163,456
Personnel Costs - General & Administrative	$	92,870		$	364,418
Travel & Meals	$	14,465		$	60,005
Advertising, Trade Shows & Customer Relationship	$	12,049		$	32,930
Office Expenses	$	10,838		$	32,448
Board of Directors	$	-		$	(12,074	)
Investor Relations & Shareholders Services	$	1,090		$	2,082
Insurance	$	30,533		$	113,921
Legal & Other Professional Fees	$	15,239		$	17,864
Other (attach schedule)	$	-		$	-
Total Operating Expenses Before Depreciation	$	219,198		$	775,050
Depreciation/Depletion/Amortization	$	10,187		$	40,766
Net Profit (Loss) Before Other Income & Expenses	$	(398,127	)	$	(1,928,970	)
OTHER INCOME AND EXPENSES
Other Income (attach schedule)	$	-		$	(4,000,000	)
Interest Expense	$	81,971		$	216,953
Other Expense (attach schedule)	$	-		$	-
Net Profit (Loss) Before Reorganization Items	$	(480,098	)	$	1,854,077
REORGANIZATION ITEMS
Professional Fees	$	462,231		$	690,387
U. S. Trustee Quarterly Fees	$	-		$	7,150
Interest Earned on Accumulated Cash from Chapter 11 (see continuation sheet)	$	-		$	-
Gain (Loss) from Sale of Equipment	$	-		$	-
Other Reorganization Expenses (attach schedule)	$	-		$	-
Total Reorganization Expenses	$	-		$	-
Income Taxes	$	-		$	-
Net Profit (Loss)	$	(942,328	)	$	1,156,540

*"Insider" is defined in 11 U.S.C. Section 101(31).

FORM MOR-2

(04/07)

In re: Axion International, Inc.	Case No.: 15-12415
Debtor	Reporting Period: March 2016

STATEMENT OF OPERATIONS - continuation sheet

				Cumulative
BREAKDOWN OF "OTHER" CATEGORY	Month			Filing to Date
Other Costs
Freight costs to customers	$	(6,845	)	$	20,889
Royalties Under License	$	16,398		$	48,406
Purchasing & Product Development departments	$	40,845		$	173,951
Product Development	$	-		$	1,262
Other Operational Expenses
Other Income
Gain on Extinguishment of Debt	$	-		$	4,000,000
Other Expenses
Other Reorganization Expenses

Reorganization Items - Interest Earned on Accumulated Cash from Chapter 11:

Interest earned on cash accumulated during the chapter 11 case, which would not have been earned but for the bankruptcy proceeding, should be reported as a reorganization item.

FORM MOR-2 CONT'D

(04/07)

In re Axion International, Inc.	Case No. 15-12415
Debtor	Reporting Period: March 2016

BALANCE SHEET

The Balance Sheet is to be completed on an accrual basis only. Pre-petition liabilities must be classified separately from postpetition obligations.

	BOOK VALUE AT END OF			BOOK VALUE ON
ASSETS	CURRENT REPORTING MONTH			PETITION DATE
CURRENT ASSETS
Unrestricted Cash and Equivalents	$	278,940		$	134,421
Restricted Cash and Cash Equivalents (see continuation sheet)	$	-		$	-
Accounts Receivable (Net)	$	1,098,840		$	2,034,172
Notes Receivable	$	-		$	-
Inventories	$	1,685,625		$	1,803,405
Prepaid Expenses	$	173,675		$	114,429
Professional Retainers	$	-		$	-
Other Current Assets (attach schedule)	$	-		$	-
TOTAL CURRENT ASSETS	$	3,237,080		$	4,086,426
PROPERTY AND EQUIPMENT
Real Property and Improvements	$	-		$	-
Machinery and Equipment	$	11,447,170		$	11,484,181
Furniture, Fixtures and Office Equipment	$	259,596		$	259,596
Leasehold Improvements	$	58,467		$	19,818
Vehicles	$	-		$	-
Less Accumulated Depreciation	$	(3,754,516	)	$	(3,320,092	)
TOTAL PROPERTY & EQUIPMENT	$	8,010,717		$	8,443,503
OTHER ASSETS
Loans to Insiders*	$	-		$	-
Other Assets (attach schedule)	$	-		$	-
TOTAL OTHER ASSETS	$	-		$	-
TOTAL ASSETS	$	11,247,797		$	12,529,929

	BOOK VALUE AT END OF			BOOK VALUE ON
LIABILITIES AND OWNER EQUITY	CURRENT REPORTING MONTH			PETITION DATE
LIABILITIES NOT SUBJECT TO COMPROMISE (Postpetition)
Accounts Payable	$	27,496		$	-
Taxes Payable (refer to FORM MOR-4)	$	136,765		$	73,275
Wages Payable	$	154,803		$	202,788
Notes Payable	$	-		$	-
Rent / Leases - Building/Equipment	$	631,558		$	554,793
Secured Debt / Adequate Protection Payments	$	1,650,000		$	200,000
Professional Fees	$	-		$	-
Amounts Due to Insiders*	$	-		$	-
Other Postpetition Liabilities (attach schedule)	$	818,194		$	673,980
TOTAL POSTPETITION LIABILITIES	$	3,418,816		$	1,704,837
LIABILITIES SUBJECT TO COMPROMISE (Pre-Petition)
Secured Debt	$	9,456,862		$	9,386,118
Priority Debt	$	-		$	-
Unsecured Debt	$	2,871,849		$	7,083,172
TOTAL PRE-PETITION LIABILITIES	$	12,328,711		$	16,469,290
TOTAL LIABILITIES	$	15,747,527		$	18,174,127
OWNER EQUITY
Capital Stock	$	54,725,760		$	54,737,834
Additional Paid-In Capital	$	-		$	-
Preferred Stock	$	4,079,980		$	4,079,980
Owner's Equity Account	$	-		$	-
Retained Earnings - Pre-Petition	$	(64,462,011	)	$	(64,462,011	)
Retained Earnings - Postpetition	$	1,156,541		$	-
Adjustments to Owner Equity (attach schedule)	$	-		$	-
Postpetition Contributions (Distributions) (Draws) (attach schedule)	$	-		$	-
NET OWNER EQUITY	$	(4,499,730	)	$	(5,644,197	)
TOTAL LIABILITIES AND OWNERS' EQUITY	$	11,247,796		$	12,529,929

*"Insider" is defined in 11 U.S.C. Section 101(31).

FORM MOR-3

(04/07)

In re: Axion International, Inc.	Case No.: 15-12415
Debtor	Reporting Period: March 2016

BALANCE SHEET - continuation sheet

	BOOK VALUE AT END OF	BOOK VALUE ON
ASSETS	CURRENT REPORTING MONTH	PETITION DATE
Other Current Assets
Other Assets

	BOOK VALUE AT END OF		BOOK VALUE ON
LIABILITIES AND OWNER EQUITY	CURRENT REPORTING MONTH		PETITION DATE
Other Postpetition Liabilities
Customer deposit	$	86,100	$	167,300
Sales tax payable	$	46,859	$	45,141
Ford credit truck loan	$	19,697	$	21,261
Bureau of Workers Comp - Ohio	$	10,999	$	16,577
Royalties payable	$	132,593	$	147,503
Accrued interest	$	521,946	$	276,198
Adjustments to Owner Equity
Postpetition Contributions (Distributions) (Draws)

 Restricted Cash is cash that is restricted for a specific use and not available to fund operations. Typically, restricted cash is segregated into a separate account, such as an escrow account.

FORM MOR-3 CONT'D

(04/07)

In re: Axion International, Inc.	Case No. 15-12415
Debtor	Reporting Period: March 2016

STATUS OF POSTPETITION TAXES

The beginning tax liability should be the ending liability from the prior month or, if this is the first report, the amount should be zero. Attach photocopies of IRS Form 6123 or payment receipt to verify payment or deposit of federal payroll taxes. Attach photocopies of any tax returns filed during the reporting period.

	Beginning	Amount				Ending
	Tax	Withheld or	Amount	Date	Check No.	Tax
Federal	Liability	Accrued	Paid	Paid	or EFT	Liability
Withholding
FICA-Employee
FICA-Employer	Through our payroll processor, Paychex, we have remitted and filed our tax returns when due.
Unemployment
Income
Other:_________________
Total Federal Taxes
State and Local
Withholding
Sales
Excise	Through our payroll processor, Paychex, we have remitted and filed our tax returns when due.
Unemployment
Real Property
Personal Property
Other:_________________
Total State and Local
Total Taxes

SUMMARY OF UNPAID POSTPETITION DEBTS

Attach aged listing of accounts payable.

			Number of Days Past Due
	Current		0-30		31-60		61-90		Over 90		Total
Accounts Payable	$	27,496	$	-	$	-	$	-	$	-	$	27,496
Wages & Benefits Payable	$	154,803	$	-	$	-	$	-	$	-	$	154,803
Taxes Payable	$	136,765	$	-	$	-	$	-	$	-	$	136,765
Rent/Leases-Building	$	631,558	$	-	$	-	$	-	$	-	$	631,558
Rent/Leases-Equipment											$	-
Secured Debt/Adequate Protection Payments	$	1,650,000	$	-	$	-	$	-	$	-	$	1,650,000
Professional Fees											$	-
Miscellaneous	$	57,858									$	57,858
Truck loan	$	19,697									$	19,697
Interest	$	521,946									$	521,946
Customer deposits	$	86,100									$	86,100
Royalties payable	$	132,593									$	132,593
Total Postpetition Debts	$	3,418,816	$	-	$	-	$	-	$	-	$	3,418,816

Explain how and when the Debtor intends to pay any past-due postpetition debts.

*"Insider" is defined in 11 U.S.C. Section 101(31). 

FORM MOR-4

(04/07)

In re Axion International, Inc.	Case No. 15-12415 (15-12416 & 15-12417)
Debtor	Reporting Period: March 2016

AXION INTERNATIONAL INC

Aged Payables

As of Mar 31, 2016

Filter Criteria includes: 1) Includes Drop Shipments. Report order is by ID. Report is printed in Summary Format.

Vendor ID	Vendor	0 - 30			31 - 60			61 - 90			Over 90 days		Amount Due			Vendor Type
ADVA01	ADVANCED POLYMERS SUPPLY INC.		7,674.65											7,674.65		RAW
AFLA01	AFLAC		218.76											218.76		INSURANC
AMER02	AMERIGAS		754.84											754.84		MRO
AMER04	AMERICAN ELECTRIC POWER		(4,174.95	)										(4,174.95	)	UTILITY
ATMO02	ATMOS ENERGY		134.39			(12.44	)							121.95		UTILITY
BWCS01	BWC STATE INSURANCE FUND								(8,502.22	)				(8,502.22	)	INSURANC
CINT01	CINTAS CORPORATION		548.14											548.14		MRO
CINT02	CINTAS CORPORATION #637		857.53											857.53		MRO
CITY03	CITY OF ZANESVILLE		111.60											111.60		UTILITY
COLL03	COLL OH RE HOLDINGS LLC.		(27,318.18	)										(27,318.18	)	LEASE
COSH01	COSHOCTON ENVIRONMENTAL TESTING LLC		240.00											240.00		MRO
DUPU01	DUPUY OXYGEN & SUPPLY		23.90											23.90		MRO
EMER01	EMERALD PACIFIC RESOURCES		45,227.00											45,227.00		RAW
FORD01	FORD CREDIT		(506.48	)										(506.48	)	CAPX
GILB01	GILBERT + TOBIN		5,000.00											5,000.00		PROF
GPHA01	GP HARMON RECYCLING LLC		18,723.60											18,723.60		RAW
MICR01	MICROSOFT CORPORATION		1,454.32											1,454.32		IT
PINN01	PINNACLE RECYCLING					1,296.75								1,296.75		RAW
PROH01	PRO HEAT INC.		2,747.75											2,747.75		MRO
PURC01	PITNEY BOWES POSTAGE BY PHONE		36.58											36.58		LEASE
SPOO01	SPOONER INC.		175.00											175.00		INSURANC
TERM01	TERMINIX		48.26											48.26		MRO
WACO01	WACO AMIGOS REAL ESTATE LLC		(23,207.19	)										(23,207.19	)	LEASE
ZORO01	ZORO.COM		260.56											260.56		MRO
Report Total			29,030.08			1,284.31			(8,502.22	)		-		21,812.17

In re: Axion International, Inc.	Case No.: 15-12415
Debtor	Reporting Period: March 2016

ACCOUNTS RECEIVABLE RECONCILIATION AND AGING

Accounts Receivable Reconciliation (See below for additional detail to reconciliation)	Amount
Total Accounts Receivable at the beginning of the reporting period	$	1,515,293
+ Amounts billed during the period	$	736,708
- Amounts collected during the period	$	(1,083,953	)
Total Accounts Receivable at the end of the reporting period	$	1,168,048	(a)

Accounts Receivable Aging	Amount
0 - 30 days old	$	933,949
31 - 60 days old	$	169,578
61 - 90 days old
91+ days old	$	64,521
Total Accounts Receivable	$	1,168,048
Amount considered uncollectible (Bad Debt)	$	(69,208	)
Accounts Receivable (Net)	$	1,098,840

DEBTOR QUESTIONNAIRE 

Must be completed each month		Yes	No
1.	Have any assets been sold or transferred outside the normal course of business		No
	this reporting period?  If yes, provide an explanation below.
2.	Have any funds been disbursed from any account other than a debtor in possession		No
	account this reporting period?  If yes, provide an explanation below.
3.	Have all postpetition tax returns been timely filed?  If no, provide an explanation	Yes
	below.
4.	Are workers compensation, general liability and other necessary insurance	Yes
	coverages in effect?  If no, provide an explanation below.
5.	Has any bank account been opened during the reporting period?  If yes, provide		No
	documentation identifying the opened account(s).  If an investment account has been opened
	provide the required documentation pursuant to the Delaware Local Rule 4001-3.

(a) Reconciliation of AR
Beginning balance	1,515,293
Sales as reported on MOR 2	673,056
Miscellaneous cash receipt, not Sales	3
Freight recorded as a dr to COS, not sales	63,650
Collections, per MOR-1	(1,238,843	)
Collections not reported in MOR-1, as collected 2/29, post cutoff for this report.	154,890
Ending balance	1,168,048

FORM MOR-5

(04/07)

EX-99.3

EXHIBIT 99.3

UNITED STATES BANKRUPTCY COURT

DISTRICT OF DELAWARE

In re: Axion Recycled Plastics Incorporated	Case No.: 15—12417
	Reporting Period: March 2016

MONTHLY OPERATING REPORT (NO ACTIVITY DURING THE REPORTING PERIOD)

File with Court and submit copy to United States Trustee within 20 days after end of month

Submit copy of report to any official committee appointed in the case.

		Document	Explanation	Affidavit/Supplement
REQUIRED DOCUMENTS	Form No.	Attached	Attached	Attached
Schedule of Cash Receipts and Disbursements	MOR-1	Y
Bank Reconciliation (or copies of debtor's bank reconciliations)	MOR-1a	Y
Schedule of Professional Fees Paid	MOR-1b	Y
Copies of bank statements		n/a
Cash disbursements journals		n/a
Statement of Operations	MOR-2	Y
Balance Sheet	MOR-3	Y
Status of Postpetition Taxes	MOR-4	Y
Copies of IRS Form 6123 or payment receipt		N
Copies of tax returns filed during reporting period		N
Summary of Unpaid Postpetition Debts	MOR-4	Y
Listing of aged accounts payable	MOR-4	Y
Accounts Receivable Reconciliation and Aging	MOR-5	Y
Debtor Questionnaire	MOR-5	Y

I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief.

/s/ Donald W. Fallon	April 18, 2016
Signature of Debtor	Date
/s/ Donald W. Fallon	April 18, 2016
Signature of Joint Debtor	Date
/s/ Donald W. Fallon	April 18, 2016
Signature of Authorized Individual*	Date
Donald W. Fallon	CFO & Treasurer
Printed Name of Authorized Individual	Title of Authorized Individual

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

MOR

(04/07)

In re: Axion Recycled Plastics Incorporated	Case No.: 15-12417
Debtor	Reporting Period: March 2016

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

Amounts reported should be per the debtor's books, not the bank statement. The beginning cash should be the ending cash from the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the "CURRENT MONTH - ACTUAL" column must equal the sum of the four bank account columns. The amounts reported in the "PROJECTED" columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1) . Attach copies of the bank statements and the cash disbursements journal. The total disbursements listed in the disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each account. [See MOR-1 (CON'T)]

BANK ACCOUNTS

CURRENT MONTH

CUMULATIVE FILING TO DATE

OPER.

PAYROLL

TAX

OTHER

ACTUAL

PROJECTED

ACTUAL

PROJECTED

CASH BEGINNING  OF MONTH

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

RECEIPTS

CASH  SALES

ACCOUNTS RECEIVABLE

LOANS AND ADVANCES

SALE  OF  ASSETS

OTHER  (ATTACH  LIST)

TRANSFERS  (FROM  DIP ACCTS)

TOTAL  RECEIPTS

DISBURSEMENTS

NET PAYROLL

PAYROLL TAXES

SALES, USE, & OTHER TAXES

INVENTORY PURCHASES

NO ACTIVITY

SECURED/ RENTAL/ LEASES

INSURANCE

ADMINISTRATIVE

SELLING

OTHER  (ATTACH  LIST)

OWNER DRAW *

TRANSFERS (TO DIP ACCTS)

PROFESSIONAL FEES

U.S. TRUSTEE  QUARTERLY FEES

COURT COSTS

TOTAL DISBURSEMENTS

NET CASH FLOW

(RECEIPTS LESS DISBURSEMENTS)

CASH - END OF MONTH

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES:   (FROM CURRENT MONTH  ACTUAL COLUMN)
TOTAL DISBURSEMENTS	$	-
LESS:  TRANSFERS TO DEBTOR IN POSSESSION  ACCOUNTS	$
PLUS:   ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES  (i.e. from escrow accounts)	$
TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES	$	-

FORM MOR-1

(04/07)

In re: Axion Recycled Plastics Incorporated	Case No.: 15-12417
Debtor	Reporting Period: March 2016

BANK RECONCILIATIONS

Continuation Sheet for MOR-1

A bank reconciliation must be included for each bank account. The debtor's bank reconciliation may be substituted for this page.

	Operating		Payroll		Tax		Other
	#		#		#		#
BALANCE PER BOOKS
BANK BALANCE
(+) DEPOSITS IN TRANSIT (ATTACH LIST)
(-)  OUTSTANDING CHECKS (ATTACH LIST)
OTHER  (ATTACH EXPLANATION)
ADJUSTED BANK BALANCE *		NO ACTIVITY
* Adjusted bank balance must equal
balance per books
DEPOSITS IN TRANSIT	Date	Amount	Date	Amount	Date	Amount	Date	Amount
CHECKS OUTSTANDING	Ck. #	Amount	Ch. #	Amount	Ck. #	Amount	Ck. #	Amount
OTHER

FORM MOR-1a

(04/07)

In re: Axion Recycled Plastics Incorporated	Case No.: 15-12417
Debtor	Reporting Period: March 2016

SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID

This schedule is to include all retained professional payments from case inception to current month

		Amount		Check		Amount Paid		Year-To-Date
Payee	Period Covered	Approved	Payor	Number	Date	Fees	Expenses	Fees	Expenses
		NO ACTIVITY

FORM MOR-1b

(04/07)

In re: Axion Recycled Plastics Incorporated	Case No.: 15-12417
Debtor	Reporting Period: March 2016

STATEMENT OF OPERATIONS

(Income Statement)

The Statement of Operations is to be prepared on an accrual basis. The accrual basis of accounting recognizes revenue when it is realized and expenses when they are incurred, regardless of when cash is actually received or paid.

			Cumulative
REVENUES	Month		Filing to Date
Gross Revenues	$	-	$	-
Less:  Returns and Allowances
Net Revenue	$		$
COST OF GOODS SOLD
Beginning Inventory
Add: Purchases
Add: Cost of Labor
Add: Other Costs (attach schedule)		NO ACTIVITY
Less: Ending Inventory
Cost of Goods Sold
Gross Profit
OPERATING EXPENSES
Advertising
Auto and Truck Expense
Bad Debts
Contributions
Employee Benefits Programs
Insider Compensation*
Insurance
Management Fees/Bonuses
Office Expense
Pension & Profit-Sharing Plans
Repairs and Maintenance
Rent and Lease Expense
Salaries/Commissions/Fees
Supplies
Taxes - Payroll
Taxes - Real Estate
Taxes - Other
Travel and Entertainment
Utilities
Other (attach schedule)
Total Operating Expenses Before Depreciation
Depreciation/Depletion/Amortization
Net Profit (Loss) Before Other Income & Expenses
OTHER INCOME AND EXPENSES
Other Income (attach schedule)
Interest Expense
Other Expense (attach schedule)
Net Profit (Loss) Before Reorganization Items
REORGANIZATION ITEMS
Professional Fees
U. S. Trustee Quarterly Fees
Interest Earned on Accumulated Cash from Chapter 11 (see continuation sheet)
Gain (Loss) from Sale of Equipment
Other Reorganization Expenses (attach schedule)
Total Reorganization Expenses
Income Taxes
Net Profit (Loss)	$	-	$	-

*"Insider" is defined in 11 U.S.C. Section 101(31).

FORM MOR-2

(04/07)

In re: Axion Recycled Plastics Incorporated	Case No.: 15-12417
Debtor	Reporting Period: March 2016

STATEMENT OF OPERATIONS - continuation sheet

		Cumulative
BREAKDOWN OF "OTHER" CATEGORY	Month	Filing to Date
Other Costs
Other Operational Expenses
	NO ACTIVITY
Other Income
Other Expenses
Other Reorganization Expenses

Reorganization Items - Interest Earned on Accumulated Cash from Chapter 11:

Interest earned on cash accumulated during the chapter 11 case, which would not have been earned but for the

bankruptcy proceeding, should be reported as a reorganization item.

FORM MOR-2 CONTD

(04/07)

In re: Axion Recycled Plastics Incorporated	Case No.: 15-12417
Debtor	Reporting Period: March 2016

BALANCE SHEET

The Balance Sheet is to be completed on an accrual basis only. Pre-petition liabilities must be classified separately from postpetition obligations.

	BOOK VALUE AT END OF		BOOK VALUE ON
ASSETS	CURRENT REPORTING MONTH		PETITION DATE
CURRENT ASSETS
Unrestricted Cash and Equivalents	$	-	$	-
Restricted Cash and Cash Equivalents (see continuation sheet)
Accounts Receivable (Net)
Notes Receivable
Inventories
Prepaid Expenses		NO ACTIVITY
Professional Retainers
Other Current Assets (attach schedule)
TOTAL CURRENT ASSETS	$		$
PROPERTY AND EQUIPMENT
Real Property and Improvements
Machinery and Equipment
Furniture, Fixtures and Office Equipment
Leasehold Improvements
Vehicles
Less Accumulated Depreciation
TOTAL PROPERTY & EQUIPMENT	$		$
OTHER ASSETS
Loans to Insiders*
Other Assets (attach schedule)
TOTAL OTHER ASSETS	$		$
TOTAL ASSETS	$		$

	BOOK VALUE AT END OF	BOOK VALUE ON
LIABILITIES AND OWNER EQUITY	CURRENT REPORTING MONTH	PETITION DATE
LIABILITIES NOT SUBJECT TO COMPROMISE (Postpetition)
Accounts Payable
Taxes Payable (refer to FORM MOR-4)
Wages Payable
Notes Payable
Rent / Leases - Building/Equipment
Secured Debt / Adequate Protection Payments
Professional Fees
Amounts Due to Insiders*
Other Postpetition Liabilities (attach schedule)
TOTAL POSTPETITION LIABILITIES	$	$
LIABILITIES SUBJECT TO COMPROMISE (Pre-Petition)
Secured Debt
Priority Debt
Unsecured Debt
TOTAL PRE-PETITION LIABILITIES	$	$
TOTAL LIABILITIES	$	$
OWNER EQUITY
Capital Stock
Additional Paid-In Capital
Partners' Capital Account
Owner's Equity Account
Retained Earnings - Pre-Petition
Retained Earnings - Postpetition
Adjustments to Owner Equity (attach schedule)
Postpetition Contributions (Distributions) (Draws) (attach schedule)
NET OWNER EQUITY	$	$
TOTAL LIABILITIES AND OWNERS' EQUITY	$	$

*"Insider" is defined in 11 U.S.C. Section 101(31).

FORM MOR-3

(04/07)

In re: Axion Recycled Plastics Incorporated	Case No.: 15-12417
Debtor	Reporting Period: March 2016

BALANCE SHEET - continuation sheet

	BOOK VALUE AT END OF	BOOK VALUE ON
ASSETS	CURRENT REPORTING MONTH	PETITION DATE
Other Current Assets
	NO ACTIVITY
Other Assets

	BOOK VALUE AT END OF	BOOK VALUE ON
LIABILITIES AND OWNER EQUITY	CURRENT REPORTING MONTH	PETITION DATE
Other Postpetition Liabilities
Adjustments to Owner Equity
Postpetition Contributions (Distributions) (Draws)

Restricted Cash is cash that is restricted for a specific use and not available to fund operations. Typically, restricted cash is segregated into a separate account, such as an escrow account.

FORM MOR-3 CONT'D

(04/07)

In re: Axion Recycled Plastics Incorporated	Case No.: 15-12417
Debtor	Reporting Period: March 2016

STATUS OF POSTPETITION TAXES

The beginning tax liability should be the ending liability from the prior month or, if this is the first report, the amount should be zero.

Attach photocopies of IRS Form 6123 or payment receipt to verify payment or deposit of federal payroll taxes.

Attach photocopies of any tax returns filed during the reporting period.

	Beginning	Amount				Ending
	Tax	Withheld or	Amount	Date	Check No.	Tax
	Liability	Accrued	Paid	Paid	or EFT	Liability
Federal
Withholding
FICA-Employee
FICA-Employer
Unemployment		NO ACTIVITY
Income
Other:_________________
Total Federal Taxes
State and Local
Withholding
Sales
Excise
Unemployment
Real Property
Personal Property
Other:_________________
Total State and Local
Total Taxes

SUMMARY OF UNPAID POSTPETITION DEBTS

Attach aged listing of accounts payable.

		Number of Days Past Due
	Current	0-30	31-60	61-90	Over 90	Total
Accounts Payable						$	-
Wages Payable						$	-
Taxes Payable						$	-
Rent/Leases-Building						$	-
Rent/Leases-Equipment						$	-
Secured Debt/Adequate Protection Payments						$	-
Professional Fees						$	-
Amounts Due to Insiders*						$	-
Other:__________________________						$	-
Other:__________________________						$	-
Total Postpetition Debts						$	-

Explain how and when the Debtor intends to pay any past-due postpetition debts.

*"Insider" is defined in 11 U.S.C. Section 101(31).

FORM MOR-4

(04/07)

In re: Axion Recycled Plastics Incorporated	Case No.: 15-12417
Debtor	Reporting Period: March 2016

ACCOUNTS RECEIVABLE RECONCILIATION AND AGING

Accounts Receivable Reconciliation			Amount
Total Accounts Receivable at the beginning of the reporting period		$	-
+ Amounts billed during the period		$	-
- Amounts collected during the period	NO ACTIVITY
Total Accounts Receivable at the end of the reporting period		$	-
Accounts Receivable Aging			Amount
0 - 30 days old		$	-
31 - 60 days old		$	-
61 - 90 days old		$	-
91+ days old		$	-
Total Accounts Receivable		$	-
Amount considered uncollectible (Bad Debt)		$	-
Accounts Receivable (Net)		$	-

DEBTOR QUESTIONNAIRE

Must be completed each month	Yes	No
1.  Have any assets been sold or transferred outside the normal course of business this reporting period?  If yes, provide an explanation below.		No
2.  Have any funds been disbursed from any account other than a debtor in possession account this reporting period?  If yes, provide an explanation below.		No
3.  Have all postpetition tax returns been timely filed?  If no, provide an explanation below.	Yes
4.  Are workers compensation, general liability and other necessary insurance coverages in effect? If no, provide an explanation below.	Yes (a)
5.  Has any bank account been opened during the reporting period?  If yes, provide documentation identifying the opened account(s).  If an investment account has been opened provide the required documentation pursuant to the Delaware Local Rule 4001-3.		No

(a) - no employees employed under this debtor, but all employees for related debtor have all coverages in place.

FORM MOR-5

(04/07)