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SEC Filings

8-K
COSI INC filed this Form 8-K on 01/20/2017
Entire Document
 

Cosi, Inc.
Case No.
16-13704-MSH
Debtor
Reporting Period
11/29/16-01/02/17
 
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
                                    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
 
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(1)

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