|
In re
|
Cosi, Inc.
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Case No.
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16-13704-MSH
|
|
Reporting Period
|
11/29/16-01/02/17
|
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REQUIRED DOCUMENTS
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Form No.
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Document
Attached
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Explanation
Attached
|
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Monthly Reporting Questionnaire
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MOR-1
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YES
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Schedule of Cash Receipts and Disbursements
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MOR-2
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YES
|
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Copies of Debtor's Bank Reconciliations
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YES
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Copies of Debtor's Bank Statements
|
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YES
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Copies of Cash Disbursements Journals
|
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YES
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Statement of Operations
|
MOR-3
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YES
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Balance Sheet
|
MOR-4
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YES
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Schedule of Post-Petition Liabilities
|
MOR-5
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YES
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Copies of IRS Form 6123 or payment receipt
|
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N/A
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Copies of tax returns filed during reporting period
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YES
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Detailed listing of aged accounts payables
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YES
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Accounts Receivable Reconciliation and Aging
|
MOR-6
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YES
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Signature of Debtor
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Date
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|||
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Signature of Joint Debtor
|
Date
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|||
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/s/ Edward P. Schatz
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1/16/2017
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|||
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Signature of Authorized Individual*
|
Date
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|||
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Edward P. Schatz
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Acting Interim CFO | |||
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Printed Name of Authorized Individual
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Title of Authorized Individual
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|||
| COVER PAGE |
| 9/04 |
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Cosi, Inc.
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Case No.
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16-13704-MSH
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Debtor
|
Reporting Period
|
11/29/16-01/02/17
|
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MONTHLY REPORTING QUESTIONNAIRE
|
||||
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Must be completed each month
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Yes
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No
|
||
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1. Have any assets been sold or transferred outside the normal course of business this reporting period? If yes, provide an explanation below.
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X
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||
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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.
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X
|
||
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3. Have any payments been made on pre-petition debt, other than payments in the normal course to secured creditors or lessors? If yes, attach listing including date of payment, amount of payment, and name of payee. - See Note 1. below.
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X
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||
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4. Have any payments been made to professionals? If yes, attach listing including date of payment, amount of payment, and name of payee. - MOR 1 Question 4 Supplemental tab
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X
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|
||
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5. If the answer to question 3 and/or 4 is yes, were all such payments approved by the Court?
|
X
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|
||
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6. Have any payments been made to officers, insiders, shareholders, or relatives? If yes, attach listing including date of payment, amount and reason for payment, and name of payee.
|
X
|
|
||
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7. Have all postpetition tax returns been timely filed? If no, provide an explanation below.
|
X
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||
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8. Is the estate current on the payment of post-petition taxes?
|
X
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|
||
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9. Is the estate insured for the replacement cost of assets and for general liability? If no, provide an explanation below.
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X
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||
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10. Is workers' compensation insurance in effect?
|
X
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|
||
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11. Have all current insurance payments been made? Attach copies of all new and renewed insurance policies - N/A
|
X
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|
||
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12. Are a plan and disclosure statement on file?
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X
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||
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13. Was there any post-petition borrowing during this reporting period?
|
X
|
|
||
|
Note 1. On September 30, 2016, the Bankruptcy Court entered the Order Granting Debtors’ Motion for an Order Authorizing (I) the Debtors to Remit and Pay Certain Taxes and Fees and (II) Financial Institutions to Process and Cash Related Checks and Transfers (the “Tax Payment Authorization Order”) [Dkt. No. 54]. Consistent with the Tax Payment Authorization Order, the Debtors have paid when due certain taxes and fees, inclusive of those which may have accrued pre-petition. Additionally, on September 30, 2016, the Bankruptcy Court entered the Order Authorizing Debtors to Pay Wages, Compensation, Employee Benefits and Other Related Obligations (the “Wage, Compensation, and Benefit Authorization Order”) [Dkt. No. 46]. Consistent with the Wage, Compensation, and Benefit Authorization Order, the Debtors have paid all wages, salaries and employee benefits when due, inclusive of those which may have accrued pre-petition.
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| MOR-1 | |
| 9/04 |
|
Cosi, Inc.
|
Case No.
|
16-13704-MSH
|
|
Debtor
|
Reporting Period
|
11/29/16-01/02/17
|
|
|
BANK ACCOUNTS
|
||||
|
|
Operational
|
Payroll
|
Tax
|
Other
|
Total
|
|
CASH BEGINNING OF MONTH
|
2,207,994
|
-
|
-
|
375,477
|
2,583,471
|
|
|
|
|
|
|
|
|
RECEIPTS
|
|
|
|
|
|
|
CASH SALES
|
3,509,401
|
-
|
-
|
1,119,752
|
4,629,153
|
|
ACCOUNTS RECEIVABLE
|
1,031,428
|
-
|
-
|
7,948
|
1,039,376
|
|
LOANS AND ADVANCES
|
2,869,127
|
-
|
-
|
-
|
2,869,127
|
|
APA ADVANCES
|
-
|
-
|
-
|
5,050,000
|
5,050,000
|
|
GIFT CARD SALES
|
38,648
|
-
|
-
|
-
|
38,648
|
|
TRANSFERS (FROM DIP ACCTS)
|
1,316,824
|
-
|
-
|
2,512,667
|
3,829,491
|
|
TOTAL RECEIPTS
|
8,765,427
|
-
|
-
|
8,690,367
|
17,455,794
|
|
|
|
|
|
|
|
|
DISBURSEMENTS
|
|
|
|
|
|
|
NET PAYROLL & BENEFITS
|
1,813,720
|
-
|
-
|
-
|
1,813,720
|
|
PAYROLL TAXES
|
661,967
|
-
|
-
|
-
|
661,967
|
|
SALES, USE & OTHER TAXES
|
422,979
|
-
|
-
|
-
|
422,979
|
|
INVENTORY PURCHASES
|
1,388,646
|
-
|
-
|
-
|
1,388,646
|
|
SECURED/RENTAL/LEASES
|
948,655
|
-
|
-
|
-
|
948,655
|
|
INSURANCE
|
-
|
-
|
-
|
-
|
-
|
|
ADMINISTRATIVE
|
1,151,245
|
-
|
-
|
6,849
|
1,158,093
|
|
SELLING
|
|
-
|
-
|
-
|
-
|
|
VENDOR DEPOSIT
|
|
-
|
-
|
-
|
-
|
|
KERP PAYMENTS
|
72,355
|
|
|
-
|
72,355
|
|
OTHER RESTRUCTURING COSTS
|
13,389
|
|
|
-
|
13,389
|
|
OWNER DRAW *
|
-
|
-
|
-
|
-
|
-
|
|
TRANSFERS (TO DIP ACCTS)
|
2,512,667
|
-
|
-
|
1,316,824
|
3,829,491
|
|
|
|
|
|
|
|
|
PROFESSIONAL FEES
|
532,915
|
-
|
-
|
-
|
532,915
|
|
U.S. TRUSTEE QUARTERLY FEES
|
-
|
-
|
-
|
-
|
-
|
|
COURT COSTS
|
-
|
-
|
-
|
-
|
-
|
|
TOTAL DISBURSEMENTS
|
9,518,538
|
-
|
-
|
1,323,672
|
10,842,210
|
|
|
|
|
|
|
|
|
NET CASH FLOW (RECEIPTS LESS DISBURSEMENTS)
|
(753,111)
|
-
|
-
|
7,366,695
|
6,613,584
|
|
CASH - END OF MONTH
|
1,454,883
|
-
|
-
|
7,742,172
|
9,197,055
|
|
*COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE
|
|
THE FOLLOWING SECTION MUST BE COMPLETED
|
|||||
|
DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES:
|
|
|
|||
|
TOTAL DISBURSEMENTS
|
|
|
|
|
10,842,210
|
|
LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS
|
|
|
(3,829,491)
|
||
|
PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. from escrow accounts)
|
0
|
||||
|
TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES
|
|
7,012,720
|
|||
|
MOR-2
|
|||||
|
9/04
|
|||||
|
Cosi, Inc.
|
Case No.
|
16-13704-MSH
|
|
Debtor
|
Reporting Period
|
11/29/16-01/02/17
|
|
|
|
Cumulative
|
|
REVENUES
|
Month
|
Filing to Date
|
|
Gross Revenues
|
4,774,880
|
15,305,358
|
|
Less: Discounts
|
163,831
|
564,128
|
|
Net Revenue
|
4,611,049
|
14,741,230
|
|
COST OF GOODS SOLD
|
|
|
|
Cost of Goods Sold
|
1,223,941
|
3,851,344
|
|
Resturant Payroll:
|
|
|
|
PAYROLL
|
1,391,252
|
4,453,511
|
|
PAYROLL TAXES
|
125,241
|
416,351
|
|
LIFE AD&D ILTD INSURANCE
|
5,346
|
15,947
|
|
401K
|
-
|
16,884
|
|
MEDICAL INSURANCE
|
75,249
|
279,442
|
|
WORKERS COMPENSATION INSURANCE
|
35,630
|
110,911
|
|
Total Payroll
|
1,632,719
|
5,293,047
|
|
Restaurant Operating Expenses:
|
|
-
|
|
BANK FEES
|
10,894
|
36,798
|
|
CATERING
|
50,057
|
156,625
|
|
CREDIT CARD FEES
|
80,776
|
311,280
|
|
DELIVERY
|
22,548
|
61,158
|
|
DONATIONS
|
-
|
460
|
|
DUES
|
81
|
244
|
|
EQUIPMENT RENTAL
|
2,594
|
7,374
|
|
FINES
|
3,598
|
6,073
|
|
INSURANCE
|
5,072
|
26,476
|
|
IT COMPUTERS
|
63,540
|
223,921
|
|
LEGAL
|
-
|
-
|
|
LICENSES
|
16,470
|
22,369
|
|
MARKETING
|
75,609
|
250,345
|
|
OTHER
|
23,264
|
68,783
|
|
PAPER AND SUPPLIES
|
209,415
|
590,189
|
|
PERSONAL PROPERTY TAXES
|
14,978
|
33,553
|
|
REAL ESTATE TAXES
|
49,596
|
159,261
|
|
RENT
|
683,094
|
2,110,188
|
|
REPAIRS AND MAINTENANCE
|
96,901
|
283,640
|
|
TRAVEL
|
384
|
598
|
|
UTILITIES
|
158,148
|
496,522
|
|
Total Restaurant Operating Expense
|
1,567,020
|
4,845,855
|
|
Gross Profit
|
187,370
|
750,984
|
|
GENERAL AND ADMINISTRATIVE EXPENSES
|
|
|
|
BAD DEBT
|
-
|
5,000
|
|
BANK FEES
|
4,679
|
23,427
|
|
BOARD FEES
|
-
|
39,182
|
|
CATERING ALLOCATION
|
(49,647)
|
(155,140)
|
|
EQUIPMENT LEASES
|
718
|
2,284
|
|
INSURANCE
|
29,659
|
89,634
|
|
INVESTOR RELATIONS
|
24,083
|
34,994
|
|
IT COMPUTER
|
61,033
|
137,851
|
|
LATE FEES
|
(1,803)
|
17,480
|
|
LEGAL
|
5,850
|
17,342
|
|
MARKETING ALLOCATION
|
(49,578)
|
(149,322)
|
|
MEAL EXPENSE
|
3,842
|
13,417
|
|
MEDICAL INSURANCE
|
14,513
|
32,098
|
|
OFFICE SUPPLIES
|
3,100
|
7,955
|
|
OTHER
|
26,630
|
35,681
|
|
PAYROLL
|
211,097
|
690,814
|
|
PAYROLL - INSIDERS
|
54,538
|
191,301
|
|
PAYROLL TAXES
|
37,223
|
105,188
|
|
POSTAGE
|
6,558
|
14,842
|
|
PROFESSIONAL FEES
|
-
|
9,000
|
|
REAL ESTATE TAXES
|
1,403
|
3,640
|
|
RENT
|
25,385
|
76,163
|
|
SALES TAX
|
9,220
|
13,135
|
|
TELEPHONE
|
3,305
|
9,105
|
|
TEMPORARY HELP
|
180,001
|
252,963
|
|
TRAVEL
|
21,959
|
59,914
|
|
UTILITIES
|
1,542
|
4,625
|
|
WORKERS COMPENSATION INSURANCE
|
1,701
|
5,103
|
|
Total General & Administrative
|
627,011
|
1,587,677
|
|
Loss from Operations
|
(439,642)
|
(836,693)
|
|
|
|
|
|
OTHER INCOME AND EXPENSES
|
|
|
|
DEPRECIATION AND AMORTIZATION
|
(175,357)
|
(590,524)
|
|
INTEREST INCOME
|
25
|
1,010
|
|
INTEREST EXPENSE
|
(97,787)
|
(273,386)
|
|
DEBT ISSUANCE EXPENSE
|
(53,686)
|
(161,059)
|
|
FRANCHISEE FEES AND ROYALTY
|
160,132
|
451,822
|
|
MISCELLANEOUS INCOME
|
(5,725)
|
705,805
|
|
Total Other Income and Expenses
|
(172,400)
|
133,667
|
|
|
|
|
|
REORGANIZATION ITEMS
|
|
|
|
ASSET IMPAIRMENT AND CLOSED STORE COSTS
|
7,926
|
517,600
|
|
LEASE TERMINATION ACCRUAL
|
(1,199)
|
(165)
|
|
LOSS ON DISPOSAL OF ASSETS
|
-
|
-
|
|
PROFESSIONAL FEES
|
423,205
|
1,641,968
|
|
U.S. TRUSTEE QUARTERLY FEES
|
-
|
1,625
|
|
OTHER - PUBLIC RELATIONS
|
-
|
5,500
|
|
Total Reorganization Expenses
|
429,932
|
2,166,528
|
|
Income Taxes
|
-
|
-
|
|
Net Profit(Loss)
|
(1,041,973)
|
(2,869,554)
|
|
* "Insider" is defined in 11 U.S.C. Section 101(31).
|
MOR-3
|
|
|
9/04
|
||
|
Cosi, Inc.
|
Case No.
|
16-13704-MSH
|
|
Debtor
|
Reporting Period
|
11/29/16-01/02/17
|
|
STATEMENT OF OPERATIONS - continuation sheet
|
||
|
|
|
Cumulative
|
|
BREAKDOWN OF "OTHER" CATEGORY
|
Month
|
Filing to Date
|
|
|
|
|
|
Other Costs
|
|
|
|
|
|
|
|
|
|
|
|
Other Operational Expenses
|
|
|
|
|
|
|
|
|
|
|
|
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.
|
||
|
MOR-3
|
||
|
9/04
|
||
|
Cosi, Inc.
|
Case No.
|
16-13704-MSH
|
|
Debtor
|
Reporting Period
|
11/29/16-01/02/17
|
|
|
BOOK VALUE AT END OF
|
BOOK VALUE ON
|
|
ASSETS
|
CURRENT REPORTING MONTH
|
PETITION DATE
|
|
CURRENT ASSETS
|
|
|
|
Unrestricted Cash and Equivalents
|
939,148
|
822,201
|
|
Restricted Cash and Cash Equivalents
|
816,583
|
855,318
|
|
Restricted Cash and Cash Equivalents - Segregated Cash
|
2,458,024
|
-
|
|
Restricted Cash and Cash Equivalents - APA Advance
|
5,050,000
|
-
|
|
Credit Card Receivable
|
179,931
|
274,774
|
|
Accounts Receivable (Net)
|
768,735
|
1,022,884
|
|
Notes Receivable
|
105,755
|
103,984
|
|
Inventories
|
549,215
|
602,459
|
|
Prepaid Expenses
|
1,064,698
|
205,503
|
|
Professional Retainers
|
346,300
|
346,300
|
|
Other Current Assets (attach schedule)
|
-
|
-
|
|
TOTAL CURRENT ASSETS
|
12,278,387
|
4,233,423
|
|
PROPERTY AND EQUIPMENT
|
|
|
|
Computer and Telephone Equipment
|
10,327,917
|
10,329,053
|
|
Restaurant Equipment
|
8,172,634
|
8,144,168
|
|
Furniture, Fixtures and Office Equipment
|
4,826,736
|
4,854,206
|
|
Leasehold Improvements
|
18,812,262
|
19,281,722
|
|
Vehicles
|
9,030
|
9,030
|
|
Less Accumulated Depreciation
|
(36,620,693)
|
(36,307,498)
|
|
TOTAL PROPERTY & EQUIPMENT
|
5,527,886
|
6,310,681
|
|
OTHER ASSETS
|
|
|
|
Loans to Insiders
|
|
|
|
Other Assets - See MOR-4 - p2
|
14,132,481
|
14,422,670
|
|
TOTAL OTHER ASSETS
|
14,132,481
|
14,422,670
|
|
TOTAL ASSETS
|
|
|
|
31,938,755
|
24,966,774
|
|
|
|
BOOK VALUE AT END OF
|
BOOK VALUE ON
|
|
LIABILITIES AND OWNER EQUITY
|
CURRENT REPORTING MONTH
|
PETITION DATE
|
|
LIABILITIES NOT SUBJECT TO COMPROMISE (Post-Petition)
|
|
|
|
Accounts Payable
|
497,794
|
-
|
|
Taxes Payable - See MOR 5
|
660,018
|
-
|
|
Wages Payable
|
142,477
|
-
|
|
Accrued Gift Cards
|
96,845
|
|
|
Notes Payable
|
3,669,127
|
-
|
|
Rent / Leases - Building/Equipment
|
21,832
|
-
|
|
Secured Debt / Adequate Protection Payments
|
-
|
-
|
|
Professional Fees
|
434,585
|
-
|
|
Amounts Due to Insiders
|
7,115
|
-
|
|
APA Advance Liability
|
5,050,000
|
|
|
Other Postpetition Liabilities (attach schedule)
|
655,534
|
-
|
|
TOTAL POST-PETITION LIABILITIES
|
11,235,326
|
-
|
|
LIABILITIES SUBJECT TO COMPROMISE (Pre-Petition)
|
|
|
|
Secured Debt
|
-
|
-
|
|
Priority Debt
|
-
|
1,248,113
|
|
Unsecured Debt
|
19,135,336
|
19,281,012
|
|
TOTAL PRE-PETITION LIABILITIES
|
19,135,336
|
20,529,125
|
|
|
|
|
|
TOTAL LIABILITIES
|
30,370,662
|
20,529,125
|
|
OWNER EQUITY
|
|
|
|
Capital Stock
|
(716,047)
|
(716,046)
|
|
Additional Paid-In Capital
|
344,547,561
|
344,547,561
|
|
Partners' Capital Account
|
-
|
-
|
|
Owner's Equity Account
|
-
|
-
|
|
Retained Earnings - Pre-Petition
|
(339,393,867)
|
(339,393,867)
|
|
Retained Earnings - Postpetition
|
(2,869,554)
|
-
|
|
Adjustments to Owner Equity (attach schedule)
|
-
|
-
|
|
Post-Petition Contributions (Distributions) (Draws) (attach schedule)
|
-
|
-
|
|
Net Owner Equity
|
1,568,093
|
4,437,648
|
|
|
|
|
|
TOTAL LIABILITIES AND OWNERS' EQUITY
|
31,938,755
|
24,966,773
|
|
Insider is defined in 11 U.S.C. Section 101(31)
|
MOR-4
|
|
|
9/04
|
|
0
|
(1)
|
|
Cosi, Inc.
|
Case No.
|
16-13704-MSH
|
|
Debtor
|
Reporting Period
|
11/29/16-01/02/17
|
|
|
BOOK VALUE AT END OF
|
BOOK VALUE ON
|
|
|
ASSETS
|
CURRENT REPORTING MONTH
|
PETITION DATE
|
|
|
Other Current Assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Assets
|
|
|
|
|
Landlord and Vendor Deposits
|
494,251
|
513,467
|
|
|
Trademarks
|
195,000
|
195,000
|
|
|
Deferred Financing Cost
|
43,845
|
76,729
|
|
|
Deferred Assets
|
1,248
|
1,248
|
|
|
Liquor Licenses
|
-
|
47,464
|
|
|
Intangibles
|
1,765,622
|
1,956,247
|
|
|
Goodwill
|
11,632,515
|
11,632,515
|
|
|
Total Other Assets
|
14,132,481
|
14,422,670
|
|
|
|
BOOK VALUE AT END OF
|
BOOK VALUE ON
|
|
|
LIABILITIES AND OWNER EQUITY
|
CURRENT REPORTING MONTH
|
PETITION DATE
|
|
|
Other Postpetition Liabilities
|
|
|
|
|
Accrued Interest
|
273,386
|
-
|
|
|
Accrued Utilities
|
311,026
|
|
|
|
Other Liabilities
|
71,122
|
|
|
|
|
655,534
|
|
|
|
Adjustments to Owner Equity
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Postpetition Contributions (Distributions) (Draws)
|
|
||
|
Restricted Cash: cash that is restricted for a specific use and not available to fund operations.
|
MOR-4
|
||
|
Typically, restricted cash is segregated into a separate account, such as an escrow account.
|
9/04
|
||
|
Cosi, Inc.
|
Case No.
|
16-13704-MSH
|
||||
|
Debtor
|
Reporting Period
|
11/29/16-01/02/17
|
|
|
Beginning
|
Amount
|
|
|
|
Ending
|
|
|
Tax
|
Withheld or
|
Amount
|
Date
|
Check No.
|
Tax
|
|
|
Liability
|
Accrued
|
Paid
|
Paid
|
or EFT
|
Liability
|
|
|
|
|
|
|
|
|
|
Federal
|
|
|
|
|
|
|
|
Income Tax Withholding
|
79,429.02
|
208,598.50
|
(208,415.91)
|
|
|
79,611.61
|
|
FICA-Employee
|
59,286.28
|
163,221.78
|
(162,683.86)
|
|
|
59,824.19
|
|
FICA-Employer
|
59,223.60
|
163,018.49
|
(162,480.57)
|
|
|
59,761.52
|
|
Unemployment
|
735.34
|
1,960.96
|
(1,950.23)
|
|
|
746.07
|
|
Income
|
-
|
|
|
|
|
-
|
|
Other:
|
-
|
|
|
|
|
-
|
|
Total Federal Taxes
|
198,674.23
|
536,799.73
|
(535,530.57)
|
-
|
-
|
199,943.39
|
|
State and Local
|
|
|
|
|
|
|
|
Income Tax Withholding
|
27,380.44
|
74,808.66
|
(74,624.01)
|
|
|
27,565.09
|
|
Sales
|
346,443.93
|
366,617.17
|
(393,415.44)
|
|
|
319,645.66
|
|
Excise
|
-
|
|
|
|
|
-
|
|
Unemployment
|
8,409.13
|
22,937.55
|
(22,788.48)
|
|
|
8,558.20
|
|
Real Property (Real Estate Taxes)
|
63,595.00
|
11,257.00
|
-
|
|
|
74,852.00
|
|
Personal Property
|
21,011.00
|
5,740.08
|
(5,890.08)
|
|
|
20,861.00
|
|
Other: City, County, Local, Misc Taxes
|
7,757.47
|
20,633.58
|
(19,799.28)
|
|
|
8,591.77
|
|
Other: Commercial Rent Tax
|
23,673.66
|
7,891.00
|
(23,673.66)
|
|
|
7,891.00
|
|
Total State and Local
|
498,270.64
|
509,885.04
|
(540,190.95)
|
-
|
-
|
467,964.73
|
|
Withholding for Employee Healthcare
|
65.96
|
173.51
|
(173.51)
|
|
|
65.96
|
|
Premiums, Pensions & Other Benefits
|
1,991.93
|
12,792.07
|
(9,051.05)
|
|
|
5,732.95
|
|
Total Taxes
|
699,002.76
|
1,059,650.35
|
(1,084,946.08)
|
-
|
-
|
673,707.03
|
|
|
Number of Days Past Due
|
|||||
|
|
Current
|
0-30
|
31-60
|
61-90
|
Over 90
|
Total
|
|
Accounts Payable
|
201,643.19
|
76,980.71
|
46,108.74
|
|
|
|
|
Wages Payable
|
142,477.18
|
|
|
|
|
|
|
Taxes Payable
|
660,017.78
|
|
|
|
|
|
|
Rent/Leases-Building
|
-
|
|
|
|
|
|
|
Rent/Leases-Equipment
|
-
|
|
|
|
|
|
|
Secured Debt/Adequate Protection Payments
|
3,669,127.00
|
|
|
|
|
|
|
Professional Fees in AP
|
76,426.40
|
85,458.80
|
11,176.00
|
|
|
|
|
Professional Fees in Accruals
|
294,584.56
|
|
|
|
|
|
|
Amounts Due to Insiders*
|
7,115.39
|
|
|
|
|
|
|
Gift Cards
|
41,839.09
|
15,157.16
|
|
|
|
|
|
Other: Percentage rent
|
21,831.71
|
|
|
|
|
|
|
Other:
|
680,756.21
|
|
|
|
|
|
|
Total Postpetition Debts
|
5,795,818.50
|
177,596.67
|
57,284.74
|
-
|
-
|
-
|
|
|
||||||
|
|
||||||
|
*"Insider" is defined in 11 U.S.C. Section 101(31).
|
MOR-5
|
|||||
|
9/04
|
||||||
|
Cosi, Inc.
|
Case No.
|
16-13704-MSH
|
|
Debtor
|
Reporting Period
|
11/29/16-01/02/17
|
|
ACCOUNTS RECEIVABLE RECONCILIATION AND AGING
|
||
|
ACCOUNTS RECEIVABLE RECONCILIATION
|
Amount
|
|
|
Total Accounts Receivable at the beginning of the reporting period
|
1,752,899.88
|
|
|
+ Amounts billed during the period
|
279,330.73
|
|
|
- Amounts collected during the period
|
(1,039,375.59)
|
|
|
Total Accounts Receivable at the end of the reporting period
|
992,855.02
|
|
|
Accounts Receivable Aging
|
Amount
|
|
|
0 - 30 days old
|
212,302.10
|
|
|
31 - 60 days old
|
129,417.74
|
|
|
61 - 90 days old
|
170,918.04
|
|
|
91+ days old
|
480,217.14
|
|
|
Total Accounts Receivable
|
992,855.02
|
|
|
Amount considered uncollectible (Bad Debt)
|
(224,120.18)
|
|
|
Accounts Receivable (Net)
|
768,734.84
|
|
|
MOR-6
|
||
|
9/04
|
||
|
Cosi, Inc.
|
Case No.
|
16-13704-MSH
|
|
Debtor
|
Reporting Period
|
11/29/16-01/02/17
|
|
MONTHLY REPORTING QUESTIONNAIRE
|
|||
|
Yes
|
No
|
||
|
4. Have any payments been made to professionals? If yes, attach listing including date of payment, amount of payment, and name of payee.
|
X
|
|
|
|
Alliance for Financial Growth
|
12/12/16
|
Wire
|
7,150
|
|
Alliance for Financial Growth
|
12/02/16
|
Wire
|
19,653
|
|
The O'Connor Group, Inc.
|
12/20/16
|
ACH
|
43,524
|
|
Mirick O'Connell
|
12/20/16
|
ACH
|
288,160
|
|
Nixon Peabody LLP
|
12/19/16
|
ACH
|
174,428
|
|
BDO USA, LLP
|
12/08/16
|
ACH
|
18,000
|
|
550,916
|
|||
|
MOR-1
|
|||
|
9/04
|
|
Cosi, Inc.
|
Case No.
|
16-13704-MSH
|
|
Debtor
|
Reporting Period
|
11/29/16-01/02/17
|
|
MONTHLY REPORTING QUESTIONNAIRE
|
|||
|
Yes
|
No
|
||
|
6. Have any payments been made to officers, insiders, shareholders, or relatives? If yes, attach listing including date of payment, amount and reason for payment, and name of payee.
|
X
|
|
|
|
Baue, Vicki
|
Payroll
|
12/05/16
|
7,885
|
|
Baue, Vicki
|
Payroll
|
12/19/16
|
7,885
|
|
DiSciullo, Tania
|
Payroll
|
12/05/16
|
9,154
|
|
DiSciullo, Tania
|
Payroll
|
11/21/16
|
16,923
|
|
Nicolini, William
|
Payroll
|
12/05/16
|
6,346
|
|
Nicolini, William
|
Payroll
|
11/21/16
|
6,346
|
|
54,538
|
|||
|
MOR-1
|
|||
|
9/04
|
|
Cosi, Inc.
|
Case No.
|
16-13704-MSH
|
|
Debtor
|
Reporting Period
|
11/29/16-01/02/17
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hearthstone
|
Hearthstone
|
Xando Cosi of
|
Xando Cosi of
|
Xando Cosi of
|
Cosi Sandwich
|
Cosi Sandwich
|
Cosi Sandwich
|
Cosi Sandwich
|
Cosi Sandwich
|
|
|
|
Cosi, Inc.
|
Cosi, Inc.
|
Cosi, Inc.
|
Cosi, Inc.
|
Cosi, Inc.
|
Cosi, Inc.
|
Cosi, Inc.
|
Cosi, Inc.
|
Cosi, Inc.
|
Cosi, Inc.
|
Cosi, Inc.
|
Cosi, Inc.
|
Cosi, Inc.
|
Cosi, Inc.
|
Cosi, Inc.
|
Cosi, Inc.
|
Cosi, Inc.
|
Cosi, Inc.
|
Cosi, Inc.
|
Cosi, Inc.
|
Cosi, Inc.
|
Cosi, Inc.
|
Cosi, Inc.
|
Cosi, Inc.
|
Cosi, Inc.
|
Cosi, Inc.
|
Cosi, Inc.
|
Associates
|
Associates
|
Maryland, Inc.
|
Maryland, Inc.
|
Maryland, Inc.
|
Bar, Inc.
|
Bar, Inc.
|
Bar, Inc.
|
Bar, Inc.
|
Bar, Inc.
|
|
|
|
Bank of
|
Bank of
|
Bank of
|
Bank of
|
Bank of
|
Citizens
|
|
Fifth Third
|
First Priority
|
JP Morgan
|
JP Morgan
|
JP Morgan
|
JP Morgan
|
JP Morgan
|
JP Morgan
|
JP Morgan
|
JP Morgan
|
JP Morgan
|
JP Morgan
|
JP Morgan
|
|
|
|
|
|
TD
|
Wells
|
Bank of
|
Bank of
|
Capital
|
|
|
|
|
|
JP Morgan
|
JP Morgan
|
|
|
|
America
|
America
|
America
|
America
|
America
|
Bank
|
Comerica
|
Bank
|
Bank
|
Chase
|
Chase
|
Chase
|
Chase
|
Chase
|
Chase
|
Chase
|
Chase
|
Chase
|
Chase
|
Chase
|
Santander
|
Santander
|
Santander
|
Santander
|
Santander
|
Bank
|
Fargo
|
America
|
America
|
One
|
Comerica
|
Huntington
|
HSBC
|
HSBC
|
HSBC
|
Chase
|
Chase
|
|
|
|
Depository
|
Depository
|
Depository
|
Depository
|
Depository
|
Depository
|
Depository
|
Depository
|
Depository
|
Depository
|
ZBA
|
Depository
|
ZBA
|
ZBA
|
ZBA
|
ZBA
|
DIP Fund Acct
|
Purchase Price
|
Cure Cost
|
Indemn Acct
|
Depository
|
Depository
|
Depository
|
Depository
|
Depository
|
Depository
|
Depository
|
Depository
|
Depository
|
Depository
|
Depository
|
Depository
|
Restricted
|
Restricted
|
Restricted
|
Restricted
|
Restricted
|
|
|
|
004640563738
|
004640563741
|
004640563796
|
004640485120
|
004640546221
|
1331093373
|
1851109742
|
75567079
|
0201015914
|
722598562
|
722598596
|
722598547
|
722598554
|
722598570
|
722598604
|
934203373
|
934203373
|
934203373
|
934203373
|
934203373
|
10021844617
|
29804836038
|
1390157946
|
3574586418
|
3574586426
|
4267877682
|
2000027027925
|
004610087435
|
004640442833
|
00007774301402
|
1851305514
|
01892075064
|
619-50335-1
|
619-50150-2
|
619-50289-4
|
6373232448
|
6373237628
|
Total
|
|
CASH BEGINNING OF MONTH
|
-
|
-
|
-
|
-
|
77,424
|
-
|
-
|
-
|
-
|
2,353
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
4,449
|
4,572
|
14,497
|
9,007
|
2,302
|
50,330
|
-
|
8,138
|
2,977
|
2,499
|
-
|
86
|
20,000
|
40,002
|
35,752
|
64,639
|
36,450
|
375,477
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RECEIPTS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CASH SALES
|
-
|
-
|
-
|
-
|
377,976
|
-
|
-
|
-
|
-
|
-
|
-
|
294,640
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
24,296
|
21,408
|
56,799
|
43,335
|
14,788
|
271,604
|
-
|
-
|
-
|
14,906
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
1,119,752
|
|
ACCOUNTS RECEIVABLE
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
244
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
7,704
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
7,948
|
|
LOANS AND ADVANCES
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
|
APA ADVANCES
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
3,050,000
|
1,500,000
|
500,000
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
5,050,000
|
|
OTHER (ATTACH LIST)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
|
TRANSFERS (FROM DIP ACCTS)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
54,643
|
-
|
-
|
-
|
-
|
-
|
-
|
2,458,024
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
2,512,667
|
|
TOTAL RECEIPTS
|
-
|
-
|
-
|
-
|
377,976
|
-
|
-
|
-
|
-
|
54,643
|
-
|
294,884
|
-
|
-
|
-
|
-
|
2,458,024
|
3,050,000
|
1,500,000
|
500,000
|
24,296
|
21,408
|
56,799
|
43,335
|
14,788
|
271,604
|
-
|
7,704
|
-
|
14,906
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
8,690,367
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DISBURSEMENTS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET PAYROLL
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
|
PAYROLL TAXES
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
|
SALES, USE & OTHER TAXES
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
|
INVENTORY PURCHASES
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
|
SECURED/RENTAL/LEASES
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
|
INSURANCE
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
|
ADMINISTRATIVE
|
-
|
-
|
-
|
-
|
4,873
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
26
|
22
|
123
|
177
|
29
|
1,535
|
-
|
46
|
-
|
18
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
6,849
|
|
SELLING
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
|
OTHER
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
|
|
|
|
|
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
|
|
OWNER DRAW *
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
|
TRANSFERS (TO DIP ACCTS)
|
-
|
-
|
-
|
-
|
420,400
|
-
|
-
|
-
|
-
|
-
|
-
|
294,884
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
27,900
|
25,100
|
69,000
|
47,800
|
14,600
|
304,500
|
-
|
-
|
-
|
16,800
|
-
|
86
|
20,000
|
40,002
|
35,752
|
-
|
-
|
1,316,824
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PROFESSIONAL FEES
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
|
U.S. TRUSTEE QUARTERLY FEES
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
|
COURT COSTS
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
|
TOTAL DISBURSEMENTS
|
-
|
-
|
-
|
-
|
425,273
|
-
|
-
|
-
|
-
|
-
|
-
|
294,884
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
27,926
|
25,122
|
69,123
|
47,977
|
14,629
|
306,035
|
-
|
46
|
-
|
16,818
|
-
|
86
|
20,000
|
40,002
|
35,752
|
-
|
-
|
1,323,672
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET CASH FLOW
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(RECEIPTS LESS DISBURSEMENTS)
|
-
|
-
|
-
|
-
|
(47,297)
|
-
|
-
|
-
|
-
|
54,643
|
-
|
-
|
-
|
-
|
-
|
-
|
2,458,024
|
3,050,000
|
1,500,000
|
500,000
|
(3,630)
|
(3,714)
|
(12,324)
|
(4,642)
|
159
|
(34,431)
|
-
|
7,658
|
-
|
(1,912)
|
-
|
(86)
|
(20,000)
|
(40,002)
|
(35,752)
|
-
|
-
|
7,366,695
|
|
CASH - END OF MONTH
|
-
|
-
|
-
|
-
|
30,127
|
-
|
-
|
-
|
-
|
56,996
|
-
|
-
|
-
|
-
|
-
|
-
|
2,458,024
|
3,050,000
|
1,500,000
|
500,000
|
819
|
858
|
2,173
|
4,365
|
2,461
|
15,900
|
-
|
15,796
|
2,977
|
587
|
-
|
0
|
-
|
-
|
-
|
64,639
|
36,450
|
7,742,172
|
|
CASH BALANCE PER BANK
|
-
|
-
|
-
|
-
|
29,881
|
-
|
-
|
-
|
-
|
56,996
|
|
-
|
|
|
|
|
2,458,024
|
3,050,000
|
1,500,000
|
500,000
|
819
|
948
|
2,173
|
4,365
|
2,461
|
15,900
|
-
|
19,347
|
2,977
|
587
|
|
-
|
-
|
-
|
-
|
64,661
|
36,450
|
7,745,588
|
|
Variance
|
-
|
-
|
-
|
-
|
246
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
(90)
|
-
|
-
|
-
|
-
|
-
|
(3,551)
|
-
|
-
|
-
|
0
|
-
|
-
|
-
|
(22)
|
-
|
(3,416)
|
|
SUPPLEMENT TO MOR-2
|
|
9/04
|