HTML Document View

Full title: Operating report of debtor in possession filed by Tea Olive I, LLC. (Kinsella, Steven) (Entered: 03/05/2021)

Document posted on Mar 4, 2021 in the bankruptcy, 13 pages and 0 tables.

Page 1

21-30037 Form 2-A COVER SHEET For Period Ending: 01/31/2021 ounting Method: X Accrual Basis Cash Basis THIS REPORT IS DUE 21 DAYS AFTER THE END OF THE MONTH Debtor must attach each of the following reports/documents unless the U. S. Trustee One Box for Each has waived the requirement in writing. Submit the original Monthly Operating Reportuired Document: bearing an original signature, to the U. S. Trustee. A copy of the Report must be filed with the Clerk of Court. 11 U.S.C. § 704(8) eport/Document Previously Attached Waived REQUIRED REPORTS/DOCUMENTS X 1. Cash Receipts and Disbursements Statement (Form 2-B) X 2. Balance Sheet (Form 2-C) X 3. Profit and Loss Statement (Form 2-D) X 4. Supporting Schedules (Form 2-E) X 5. Quarterly Fee Summary (Form 2-F) X 6. Narrative (Form 2-G) X 7. Bank Statements for All Bank Accounts 8. Bank Statement Reconciliations for all Bank Accounts clare under penalty of perjury that the following Monthly Operating Report, and anyachments thereto are true, accurate and correct to the best of my knowledge and belief. Matthew Whebbe cuted on: 02/21/2021 Print Name: Signature: Title: CEO Rev. 0

Page 2

Form 2-B CASH RECEIPTS AND DISBURSEMENTS STATEMENT For Period: 01/10/2021 to 1/31/2021 SH FLOW SUMMARY Current Month Accumulated Beginning Cash Balance $ 586,376 (1) $ 586,376 (1)Cash Receipts Operations 16,341,682 16,341,682 Sale of Assets - -Loans/Advances - -Other 14,094 14,094 Total Cash Receipts $ 16,355,776 $ 16,355,776Cash Disbursements Operating Expenses Operations 1,894,969 1,894,969 Debt Service/Secured Loan payment 9,682,113 9,682,113Other - - Bankrutcy-Specific Expenses Professional Fees/U.S. Trustee Fees - -Total Cash Disbursements $ 11,577,083 $ 11,577,083Net Cash Flow (Total Cash Receipts less Total Cash Disbursements) 4,778,693 4,778,693Ending Cash Balance (to Form 2-C) $ 5,365,069 (2) $ 5,365,069 (2)SH BALANCE SUMMARY Book Financial Institution Balance Petty Cash 139,629 Deposit Account Bank of America 401,443 Disbursement Account Bank of America 14,540 Restricted Account Professional Fees (BofA) 565,000Restricted Account Worldwide (BofA) 1,000,000 Other Operating Account Gateway 12,100 Other Operating Account First Financial 82,351Concentration Account 2nd Avenue 3,150,007 TOTAL (must agree with Ending Cash Balance above) $ 5,365,069 (2) Accumulated beginning cash balance is the cash available at the commencement of the case. Current month beginning cash balance should equal the previous month's ending balance. Page 1 All cash balances should be the same. Rev. 01/

Page 3

Form 2-B CASH RECEIPTS AND DISBURSEMENTS STATEMENT For Period: 01/10/2021 to 01/31/2021 ASH RECEIPTS DETAIL Account No: ttach additional sheets as necessary) Date Payer Description Amount 01/11/2021 American Express Reciept of Sales on Amex Card $ 16,76001/11/2021 Multiple Cash Sale Deposit $ 388,154 01/11/2021 Merchant Bank Reciept of Sales on Credit Cards $ 1,807,12001/12/2021 American Express Reciept of Sales on Amex Card $ 6,57301/12/2021 Multiple Cash Sale Deposit $ 95,92701/12/2021 Merchant Bank Reciept of Sales on Credit Cards $ 678,16101/13/2021 American Express Reciept of Sales on Amex Card $ 9,51801/13/2021 Multiple Cash Sale Deposit $ 125,304 01/13/2021 Merchant Bank Reciept of Sales on Credit Cards $ 24,71401/14/2021 American Express Reciept of Sales on Amex Card $ 9,49701/14/2021 Multiple Cash Sale Deposit $ 118,538 01/14/2021 Merchant Bank Reciept of Sales on Credit Cards $ 26,38001/15/2021 Multiple Cash Sale Deposit $ 145,984 01/15/2021 Merchant Bank Reciept of Sales on Credit Cards $ 27,32301/19/2021 American Express Reciept of Sales on Amex Card $ 51,44601/19/2021 Multiple Cash Sale Deposit $ 752,657 01/19/2021 Merchant Bank Reciept of Sales on Credit Cards $ 5,680,31301/20/2021 American Express Reciept of Sales on Amex Card $ 14,40701/20/2021 Multiple Cash Sale Deposit $ 120,189 01/20/2021 Merchant Bank Reciept of Sales on Credit Cards $ 665,04201/21/2021 American Express Reciept of Sales on Amex Card $ 16,21001/21/2021 Multiple Cash Sale Deposit $ 94,44301/21/2021 Merchant Bank Reciept of Sales on Credit Cards $ 464,97201/22/2021 American Express Reciept of Sales on Amex Card $ 11,15901/22/2021 Multiple Cash Sale Deposit $ 126,813 01/22/2021 Merchant Bank Reciept of Sales on Credit Cards $ 412,47201/25/2021 American Express Reciept of Sales on Amex Card $ 22,19201/25/2021 Multiple Cash Sale Deposit $ 392,721 01/25/2021 Merchant Bank Reciept of Sales on Credit Cards $ 2,090,38101/26/2021 American Express Reciept of Sales on Amex Card $ 8,35101/26/2021 Multiple Cash Sale Deposit $ 94,39401/26/2021 Merchant Bank Reciept of Sales on Credit Cards $ 616,68501/27/2021 American Express Reciept of Sales on Amex Card $ 18,95901/27/2021 Multiple Cash Sale Deposit $ 68,38201/27/2021 Merchant Bank Reciept of Sales on Credit Cards $ 393,63701/28/2021 American Express Reciept of Sales on Amex Card $ 11,36301/28/2021 Multiple Cash Sale Deposit $ 72,07301/28/2021 Merchant Bank Reciept of Sales on Credit Cards $ 258,48501/29/2021 American Express Reciept of Sales on Amex Card $ 5,52401/29/2021 Multiple Cash Sale Deposit $ 76,10801/29/2021 Merchant Bank Reciept of Sales on Credit Cards $ 320,09601/29/2021 Mars PetCare Vendor Rebate $ 14,09401/29/2021 Multiple Vendor Rebate $ 1,723 Total Cash Receipts $ 16,355,244 (1)

Page 4

H DISBURSEMENTS DETAIL Account No: ch additional sheets as necessary) Date Check No. Payee Description (Purpose) Amount 15/2021 100497 B. RILEY RETAIL SOLUTIONSP, LroLfCessional/Legal Services $ 2 15,76315/2021 100498 C & L TRUCKING & MAINTENAFNreCigEht $ 3 3,73320/2021 100503 FIRST INSURANCE FUNDINGInsurance $ 4 3,10520/2021 100504 EPICOR SOFTWARE CORPORUAtilTitiIeOsN $ 1 ,40022/2021 100505 B. RILEY RETAIL SOLUTIONSP, LroLfCessional/Legal Services $ 9 6,45122/2021 100506 LOCOMOTIVE SOLUTIONS LLPCrofessional/Legal Services $ 3 ,36022/2021 100507 MILLER ADVERTISING AGENCPYro, fIeNsCsional/Legal Services $ 2 ,96222/2021 100508 NUTRENA FEED Merchandise Received $ 6 6,38525/2021 100509 C & L TRUCKING & MAINTENAFNreCigEht $ 2 7,88829/2021 EFT NUTRENA FEED Merchandise $ 8 2,589 19/2021 EFT People's Etc. Payroll $ 7 26,306 29/2021 100539 B. RILEY RETAIL SOLUTIONSP, LroLfCessional/Legal Services $ 2 01,15115/2021 31501 JONATHAN LOPEZ Employee Reimbursement $ 2 ,64815/2021 31502 PETTY CASH - WARSAW STOPReEtt y# C7ash at Store $ 2 6915/2021 31503 PETTY CASH - ELKHART STOPReEtt y# 1C4ash at Store $ 1 6315/2021 31504 PETTY CASH - FINDLAY STORPEe t#ty2 C2ash at Store $ 9 515/2021 31505 PETTY CASH - GIBSON STORPEe #tt2y Cash at Store $ 1 2115/2021 31506 PETTY CASH - MORRIS STORPEe t#ty6 Cash at Store $ 2 1315/2021 31507 PETTY CASH - MCHENRY STOPRetEty #C1a1sh at Store $ 3 8015/2021 31508 PETTY CASH - WABASH STORPeEt t#y1 C8ash at Store $ 2 0115/2021 31509 DARIUS PFEIFER Employee Reimbursement $ 1 4915/2021 31510 HEATHER FARMER Employee Reimbursement $ 4 015/2021 31511 JAMES BEARD Employee Reimbursement $ 7 215/2021 31512 JACQUELINE PIPES Employee Reimbursement $ 7 5315/2021 31513 JEFF RABOIN Employee Reimbursement $ 2 0615/2021 31514 JOE MALONE Employee Reimbursement $ 6 9015/2021 31515 JOHN ANDREWS Employee Reimbursement $ 1 015/2021 31516 JOHNIE SKEEN Employee Reimbursement $ 9 6615/2021 31517 KEN FREY Employee Reimbursement $ 3 8415/2021 31518 KEITH MAYS Employee Reimbursement $ 1 5615/2021 31519 LAURA SINN Employee Reimbursement $ 6 015/2021 31520 LIBERTY MUTUAL INSURANCIEnsurance $ 9 8,30915/2021 31521 MACKENZIE JONES Employee Reimbursement $ 3 015/2021 31522 PETTY CASH - LANSING STORPeEt t#y2 C7ash at Store $ 5 2415/2021 31523 PETTY CASH - PORTAGE STOPReEtty # C2a6sh at Store $ 1 6115/2021 31524 STEVE WETTSTEIN Employee Reimbursement $ 4 2818/2021 31525 IL SECRETARY OF STATE Trailer Registration Fee $ 2 1418/2021 31526 IL SECRETARY OF STATE Trailer Registration Fee $ 2 1418/2021 31527 IL SECRETARY OF STATE Trailer Registration Fee $ 2 1418/2021 31528 IL SECRETARY OF STATE Trailer Registration Fee $ 2 4118/2021 31529 IL SECRETARY OF STATE Trailer Registration Fee $ 2 1418/2021 31530 IL SECRETARY OF STATE Trailer Registration Fee $ 2 1418/2021 31531 IL SECRETARY OF STATE Trailer Registration Fee $ 2 4118/2021 31532 IL SECRETARY OF STATE Trailer Registration Fee $ 2 1418/2021 31533 IL SECRETARY OF STATE Trailer Registration Fee $ 2 4118/2021 31534 IL SECRETARY OF STATE Trailer Registration Fee $ 2 1418/2021 31535 IL SECRETARY OF STATE Trailer Registration Fee $ 2 4118/2021 31536 IL SECRETARY OF STATE Trailer Registration Fee $ 2 1418/2021 31537 IL SECRETARY OF STATE Trailer Registration Fee $ 2 4118/2021 31538 IL SECRETARY OF STATE Trailer Registration Fee $ 2 4118/2021 31539 IL SECRETARY OF STATE Trailer Registration Fee $ 2 1418/2021 31540 IL SECRETARY OF STATE Trailer Registration Fee $ 2 1418/2021 31541 IL SECRETARY OF STATE Trailer Registration Fee $ 2 4118/2021 31542 IL SECRETARY OF STATE Trailer Registration Fee $ 2 1418/2021 31543 IL SECRETARY OF STATE Trailer Registration Fee $ 2 4118/2021 31544 IL SECRETARY OF STATE Trailer Registration Fee $ 2 6818/2021 31545 IL SECRETARY OF STATE Trailer Registration Fee $ 2 4118/2021 31546 IL SECRETARY OF STATE Trailer Registration Fee $ 2 1418/2021 31547 IL SECRETARY OF STATE Trailer Registration Fee $ 2 1418/2021 31548 IL SECRETARY OF STATE Trailer Registration Fee $ 2 1418/2021 31549 IL SECRETARY OF STATE Trailer Registration Fee $ 2 6818/2021 31550 IL SECRETARY OF STATE Trailer Registration Fee $ 2 4118/2021 31551 IL SECRETARY OF STATE Trailer Registration Fee $ 2 1418/2021 31552 IL SECRETARY OF STATE Trailer Registration Fee $ 2 1418/2021 31553 IL SECRETARY OF STATE Trailer Registration Fee $ 2 4122/2021 31555 PETTY CASH - GIBSON STORPEe #tt2y Cash at Store $ 1 1722/2021 31556 PETTY CASH - LIMA STORE #P1e2tty Cash at Store $ 1 3722/2021 31557 CAL AND SHAN'S LANDSCAPSEt oArNeD Operational Expense $ 2 ,87022/2021 31558 ENVIRONMENTAL RECYCLINSGtore Operational Expense $ 8 0022/2021 31559 LANSING REAL GREEN Store Operational Expense $ 4 4522/2021 31560 ROSS-LEEMON CONSTRUCTSIOtoNre Operational Expense $ 3 ,87022/2021 31561 MACKENZIE JONES Employee Reimbursement $ 1 222/2021 31563 SWANN CONTRACTING Store Operational Expense $ 9 0022/2021 31564 IL SECRETARY OF STATE Trailer Registration Fee $ 2 1422/2021 31565 IL SECRETARY OF STATE Trailer Registration Fee $ 2 1422/2021 31566 IL SECRETARY OF STATE Trailer Registration Fee $ 2 1422/2021 31567 IL SECRETARY OF STATE Trailer Registration Fee $ 2 1422/2021 31568 IL SECRETARY OF STATE Trailer Registration Fee $ 2 1422/2021 31569 ARAMARK UNIFORM & CAREESRto rAeP OPpAeRraEtLional Expense $ 4 022/2021 31570 ADT COMMERCIAL LLC Store Operational Expense $ 1 5322/2021 31571 ROCHESTER TELEPHONE COSMtoPreA ONpYerational Expense $ 3 1922/2021 31572 WILDMAN Utilities $ 3 4 22/2021 31573 LOOMIS Store Operational Expense $ 7 ,80822/2021 31574 LIBERTY MUTUAL INSURANCIEnsurance $ 4 ,92622/2021 31575 SAFEWAY PEST MANAGEMESNtTo,r eIN OCperational Expense $ 7 529/2021 31576 AARON MUELLER Employee Reimbursement $ 5 5329/2021 31577 BRANDON ROSS Store Operational Expense $ 6 0029/2021 31578 PETTY CASH - WARSAW STOPReEtt y# C7ash at Store $ 7 929/2021 31579 PETTY CASH - BURLINGTON PSeTtOtyR CEa s#h2 at Store $ 4 1329/2021 31580 PETTY CASH - GIBSON STORPEe #tt2y Cash at Store $ 3 3529/2021 31581 PETTY CASH - MARION STORPEe t#ty2 1Cash at Store $ 2 6129/2021 31582 PETTY CASH - ROCHESTER SPTeOttyR CEa #s1h7 at Store $ 1 4429/2021 31583 CALL ONE Utilities $ 3 ,601 29/2021 31584 DEAN JOHANNING Employee Reimbursement $ 4 929/2021 31585 E-VERGENT.COM, LLC Utilities $ 1 6029/2021 31586 FLEET EQUIPMENT CENTER FINreCig.ht $ 1 2,87429/2021 31587 JOHNIE SKEEN Employee Reimbursement $ 3 7429/2021 31588 JUDY DODGE Employee Reimbursement $ 1 ,56129/2021 31589 LANSING REAL GREEN Store Operational Expense $ 6 ,32529/2021 31590 ROSS-LEEMON CONSTRUCTSIOtoNre Operational Expense $ 5 ,20529/2021 31591 PETTY CASH - LANSING STORPeEt t#y2 C7ash at Store $ 4 4029/2021 31592 SCHOMMER CONSTRUCTIONS tLoLrCe Operational Expense $ 2 ,50029/2021 31593 IL SECRETARY OF STATE Trailer Registration Fee $ 1 ,02529/2021 31594 WILDMAN Utilities $ 3 4 29/2021 31595 IL SECRETARY OF STATE Trailer Registration Fee $ 2 1429/2021 31596 IL SECRETARY OF STATE Trailer Registration Fee $ 2 1429/2021 31597 IL SECRETARY OF STATE Trailer Registration Fee $ 2 1429/2021 31598 IL SECRETARY OF STATE Trailer Registration Fee $ 2 14ultiple NA BANK FEES Bank Fees $ 2 16,867 ultiple NA FFB & GATEWAY Taxes related to trailer sales $ 2 ,271ultiple NA DNR $ 1 35 Total Cash Disbursements $ $ 1 ,894,969 (1)

Page 5

Current Petition ETS Month Date (1) Notes rent Assets: ash & Cash Equivalents (from Form 2-B, line 5) $ 5 ,365,069 $ 5 86,376counts Receivable (from Form 2-E) 2 ,174,312 2 ,220,018eceivable from Officers, Employees, Affiliates - -epaid Assets 7 53,405 4 43,641 ventory 3 0,834,641 4 3,449,819 ther Current Assets :(List) - - - - Total Current Assets $ 3 9,127,426 $ 4 6,699,854 d Assets: nd $ - $ - ilding - - asehold Improvements 8 ,720,060 8 ,720,060 ffice Equipment 6 86,913 6 86,913 ental Equipment - - ore Fixtures & Equipment 9 ,831,129 9 ,831,129 hicles 2 41,409 2 41,409 Total Fixed Assets 1 9,479,511 1 9,479,511 ss: Accumulated Depreciation ( (8,047,354) ) ( (7,839,897) )Net Fixed Assets $ 1 1,432,157 $ 1 1,639,614 ther Assets (List): 2,601 2,601 - - TOTAL ASSETS $ 5 0,562,184 $ 5 8,342,070 BILITIES st-petition Accounts Payable (from Form 2-E) $ 3 50,139 $ -st-petition Accrued Profesional Fees (from Form 2-E) - -st-petition Taxes Payable (from Form 2-E) 1 ,140,251 -crued Payables 8 02,138 - eferred Revenue - - st-petition Notes Payable - -ther Post-petition Payable(List): - - - - Total Current Liabilities $ 2 ,292,527 $ -L Line of Credit - - P Loan (forgivable) - - otes Payable - Store Capital - -ther Notes Payable - - Total Post-Petition Liabilities $ 2 ,292,527 $ - Petition Liabilities: cured Debt 2 3,723,516 3 3,363,621 iority Debt 7 ,571,965 8 ,878,948 nsecured Debt 3 3,228,063 3 3,208,454 Total Pre Petition Liabilities $ 6 4,523,543 $ 7 5,451,023TOTAL LIABILITIES $ 6 6,816,071 $ 7 5,451,023 NERS' EQUITY wner's/Stockholder's Equity $ ( 14,295,893) $ ( 14,295,893)etained Earnings - Prepetition (2,813,060) (2,813,060)etained Earnings - Post-petition 8 55,067 -TOTAL OWNERS' EQUITY $ ( 16,253,886) $ ( 17,108,953)

Page 6

Form 2-D PROFIT AND LOSS STATEMENT For Period 1/10/2021 to 1/31/2021 Current Accumulated Month Total (1) Gross Operating Revenue $ 15,990,506 $ 15,990,506Less: Discounts, Returns and Allowances ( (170,319) ) ( (170,319) )Net Operating Revenue $ 15,820,187 $ 15,820,187Cost of Goods Sold 12,211,268 12,211,268 Gross Profit $ 3,608,919 $ 3,608,919 Operating Expenses Officer Compensation $ 9,615 $ 9,615Salaries & Wages 656,106 656,106 Benefits 166,910 166,910 Bonus 5,105 5,105 Payroll Taxes 61,777 61,777 Selling, General and Administrative 358,992 358,992Rents and Leases 614,474 614,474 Depreciation, Depletion and Amortization 207,457 207,457Other (list): - - - Total Operating Expenses $ 2,080,437 $ 2,080,437Operating Income (Loss) $ 1,528,482 $ 1,528,482Non-Operating Income and Expenses Other Non-Operating (Expenses) $ 57,671 $ 57,671Gains (Losses) on Sale of Assets - -Interest Income - -Interest Expense (208,039) (208,039)Other Non-Operating Income - -Net Non-Operating Income or (Expenses) $ (150,368) $ (150,368)Reorganization Expenses Legal and Professional Fees $ 523,047 $ 523,047Other Reorganization Expense - -Total Reorganization Expenses $ 523,047 $ 523,047Net Income (Loss) Before Income Taxes $ 855,067 $ 855,067Federal and State Income Tax Expense (Benefit) - -NET INCOME (LOSS) $ 855,067 $ 855,067(1) Accumulated Totals include all revenue and expenses since the petition date.

Page 7

Form 2-E SUPPORTING SCHEDULES For Period: 01/10/2021 to 01/31/2021 ACCOUNTS RECEIVABLE AND POST PETITION PAYABLE AGING Accounts Post Petition e Receivable Accounts Payable der 30 days $ - $ 896,123to 60 days - - to 90 days - - to 120 days - - er 120 days - - tal Post Petition - Petition Amounts - al Accounts Receivable $ - s: Bad Debt Reserve - t Accounts Receivable (to Form 2-C) $ - Total Post Petition Accounts Payable $ 896,123 ttach a detail listing of accounts receivable and post-petition accounts payableSCHEDULE OF PAYMENTS TO ATTORNEYS AND OTHER PROFESSIONALS Month-end Current Paid in Retainer Month's Current Date of Month-end Balance Accrual Month Court Approval Balance Due * btor's Counsel $ 1 50,000 $ 195,000 $ - 02/01/2021 $ -unsel for Unsecured - - - -Creditors' Committee - 175,000 - 02/01/2021 -ancial Consultant for - - - -Committee (Platinum) - - - -stee's Counsel - - - -ancial Consultant 1 25,000 $ 120,000 - 01/28/2021 -ountant - - - -btor's Investment Banker 57,122 $ - - 02/01/2021 -er: Professional 50,000 $ 75,000 - 02/01/2021 -al $ 3 82,122 $ 565,000 $ - $ -lance due to include fees and expenses incurred but not yet paid. SCHEDULE OF PAYMENTS AND TRANSFERS TO PRINCIPALS/EXECUTIVES**Payee Name Position Nature of Payment Amount tthew Whebbe Chief Executive Office Payroll $ 9,615.38

Page 8

Form 2-E SUPPORTING SCHEDULES For Period: 1/10/2021 to 1/31/2021 POST PETITION TAXES PAYABLE SCHEDULE Beginning Amount Amount Date Check Endi Balance (1) Accrued Paid Paid Number Balan $ roll Tax Withheld: $ deral $ $ ate $ $ Tax Withheld 0 80,737 39,926 1/19/2021 EFT $ $ 40, $ loyer's FICA Tax 0 80,737 39,926 1/19/2021 EFT $ $ 40, $ mployment Tax $ deral 0 7,223 3,650 1/19/2021 EFT $ $ 3,ate 0 17,953 8,864 1/19/2021 EFT $ $ 9, $ s, Use & $ cise Taxes 1,045,964 0 EFT $ $ 1,045, $ erty Taxes 0 0 $ $ rued Payroll Tax (Dates): $ deral $ ate $ d Unemployment $ N Unemployment $ Unemployment $ $ ALS $ $ 1,232,616 $ 92,365 $ $ 1,140,or first report, Beginning Balance will be $0; thereafter, Beginning Balance will be Ending Balance from prior report. INSURANCE SCHEDULE Carrier Coverage Amount of Expiration Coverage Date SEE ATTACHMENT GL $ 8/17/2021 Liberty Insurance Company Auto $ 8/17/2021 Liberty Insurance Company WC $ 8/17/2021 Affiliated FM Property $ 8/17/2021 Everest National Insurance Company Umbrella $ 8/17/2021 Federal Insurance Company XS $ 8/17/2021 Cincinnati Specialty Underwriters Insurance CompXaSn y- Firearms $ 8/17/2021Federal Insurance Company D&O/EPL/FIC/Crime Pkg $ 8/17/2021 Beazley Insurance Co. Cyber Liability $ 8/17/2021 Page 1 Rev. 01/0

Page 9

Amount of Expiration Carrier/Billing Co Policy Number Coverage Type Coverage Effective Date DateLiberty Insurance Company/Liberty Mutual Insurance GL 08/17/2020 08/17/2021Liberty Insurance Company/Liberty Mutual Insurance GL-Bodily Injury and Property Damage Each O c c u r r e n1c,0e0 0,000 08/17/2020 08/17/2021Liberty Insurance Company/Liberty Mutual Insurance GL-Personal and Advertising Injury 1,000,000 08/17/2020 08/17/2021Liberty Insurance Company/Liberty Mutual Insurance GL-General Aggregate 2,000,000 08/17/2020 08/17/2021Liberty Insurance Company/Liberty Mutual Insurance GL-Products and Completed Operations Aggreg a t e 2,000,000 08/17/2020 08/17/2021Liberty Insurance Company/Liberty Mutual Insurance GL-Damage to Premises Rented to You 100,000 08/17/2020 08/17/2021Liberty Insurance Company/Liberty Mutual Insurance GL-Medical Expense – any one person 5 ,000 08/17/2020 08/17/2021Liberty Insurance Company/Liberty Mutual Insurance GL-Each Employee 1,000,000 08/17/2020 08/17/2021Liberty Insurance Company/Liberty Mutual Insurance GL-Aggregate 2,000,000 08/17/2020 08/17/2021Liberty Insurance Company/Liberty Mutual Insurance Auto 08/17/2020 08/17/2021Liberty Insurance Company/Liberty Mutual Insurance Auto-Liability Insurance 1,000,000 08/17/2020 08/17/2021Liberty Insurance Company/Liberty Mutual Insurance Auto-Medical Payments 5 ,000 08/17/2020 08/17/2021Liberty Insurance Company/Liberty Mutual Insurance Auto-Comprehensive (Hired Autos Only) 5 ,000 08/17/2020 08/17/2021Liberty Insurance Company/Liberty Mutual Insurance WC 08/17/2020 08/17/2021Liberty Insurance Company/Liberty Mutual Insurance WC-Bodily Injury by Accident – Each Accident 1,000,000 08/17/2020 08/17/2021Liberty Insurance Company/Liberty Mutual Insurance WC-Bodily Injury by Disease – Policy Limit 1,000,000 08/17/2020 08/17/2021Liberty Insurance Company/Liberty Mutual Insurance WC-Bodily Injury by Disease – Each Employee 1,000,000 08/17/2020 08/17/2021Affiliated FM/FM Global Group Property 08/17/2020 08/17/2021Affiliated FM/FM Global Group Property -Building 150,000,000 08/17/2020 08/17/2021Affiliated FM/FM Global Group Property -317 South Old US 24, Watseka, IL 11,402,175 08/17/2020 08/17/2021Affiliated FM/FM Global Group Property -1201 N Jefferson St Watseka, IL 3,861,504 08/17/2020 08/17/2021Affiliated FM/FM Global Group Property -Business Income and Extra Expense 51,500,000 08/17/2020 08/17/2021Affiliated FM/FM Global Group Property -Earthquake 25,000,000 08/17/2020 08/17/2021Affiliated FM/FM Global Group Property -Flood 25,000,000 08/17/2020 08/17/2021Affiliated FM/FM Global Group Property -Flood (1201 N Jefferson St) 2,000,000 08/17/2020 08/17/2021Affiliated FM/FM Global Group Property -Flood (317 S Old US 24) 1,000,000 08/17/2020 08/17/2021Affiliated FM/FM Global Group Property -Cyber Event Annual Aggregate 50,000 08/17/2020 08/17/2021Affiliated FM/FM Global Group Property -Accounts Receivable (At described pr e m i s e s 5/,A0w00a,y0 0fr0om0 8p/r1e7m/i2s0e2s)0 08/17/2021Affiliated FM/FM Global Group Property -Arson or Theft 100,000 08/17/2020 08/17/2021Affiliated FM/FM Global Group Property -Deferred Payments 100,000 08/17/2020 08/17/2021Affiliated FM/FM Global Group Property -Data Restoration 500,000 08/17/2020 08/17/2021Affiliated FM/FM Global Group Property -Errors and Omissions 5,000,000 08/17/2020 08/17/2021Affiliated FM/FM Global Group Property -Expediting Expenses 250,000 08/17/2020 08/17/2021Affiliated FM/FM Global Group Property -Fine Arts 5,000,000 08/17/2020 08/17/2021Affiliated FM/FM Global Group Property -Fungus, Wet Rot or Dry Rot Annual A g g r e g a t e 2 5,000 08/17/2020 08/17/2021Affiliated FM/FM Global Group Property -Land and Water Clean Up Expense 50,000 08/17/2020 08/17/2021Affiliated FM/FM Global Group Property -Locks and Keys 100,000 08/17/2020 08/17/2021Affiliated FM/FM Global Group Property -Newly Constructed or Acquired Prope r t y 10,000,000 08/17/2020 08/17/2021Affiliated FM/FM Global Group Property -Money and Securities 100,000 08/17/2020 08/17/2021Affiliated FM/FM Global Group Property -Off Premises Service Interruption 2,500,000 08/17/2020 08/17/2021Affiliated FM/FM Global Group Property -Unnamed Property 5,000,000 08/17/2020 08/17/2021Affiliated FM/FM Global Group Property -Valuable Papers and Records 5,000,000 08/17/2020 08/17/2021Affiliated FM/FM Global Group Property -Removal or Restocking Expenses 50,000 08/17/2020 08/17/2021Affiliated FM/FM Global Group Property -Spoilage 100,000 08/17/2020 08/17/2021Affiliated FM/FM Global Group Property -Tenant Legal Liability 100,000 08/17/2020 08/17/2021Affiliated FM/FM Global Group Property -Attraction Property 100,000 08/17/2020 08/17/2021Affiliated FM/FM Global Group Property -Contract Penalties 100,000 08/17/2020 08/17/2021Affiliated FM/FM Global Group Property -Crisis Management 100,000 08/17/2020 08/17/2021Affiliated FM/FM Global Group Property -Ingress or Egress 500,000 08/17/2020 08/17/2021Affiliated FM/FM Global Group Property -Leasehold Interest 250,000 08/17/2020 08/17/2021Affiliated FM/FM Global Group Property -Off-Premises Service Interruption – B u s i n e s s2 ,I5n0te0r,r0u0p0tio0n8 /17/2020 08/17/2021Affiliated FM/FM Global Group Property -Soft Costs 100,000 08/17/2020 08/17/2021Affiliated FM/FM Global Group Property -Supply Chain 2,500,000 08/17/2020 08/17/2021Affiliated FM/FM Global Group Property -All Causes of Loss (exceptions listed b e l o w ) 25,000 08/17/2020 08/17/2021Affiliated FM/FM Global Group Property -Earthquake 50,000 08/17/2020 08/17/2021Affiliated FM/FM Global Group Property -Flood 50,000 08/17/2020 08/17/2021Affiliated FM/FM Global Group Property -Flood (317 S Old US 24; 1201 N Jeff e r s o n S t ) 5 00,000 08/17/2020 08/17/2021Everest National Insurance Company/Everest National 08/17/2020 08/17/2021Insurance Company Umbrella ($10M) Everest National Insurance Company/Everest National Umbrella ($10M)-Bodily Injury and Property 08/17/2020 08/17/2021Insurance Company Damage Each Occurrence 10,000,000Everest National Insurance Company/Everest National 08/17/2020 08/17/2021Insurance Company Umbrella ($10M)-General Aggregate 10,000,000Everest National Insurance Company/Everest National Umbrella ($10M)-Products and Completed

Page 10

Amount of Expiration Carrier/Billing Co Policy Number Coverage Type Coverage Effective Date DateEverest National Insurance Company/Everest National Umbrella ($10M)-SELF-INSURED 08/17/2020 08/17/2021Insurance Company RETENTION: 25,000 Everest National Insurance Company/Everest National 08/17/2020 08/17/2021Insurance Company Umbrella ($10M)-Each Occurrence 1,000,000Everest National Insurance Company/Everest National 08/17/2020 08/17/2021Insurance Company Umbrella ($10M)-Policy Aggregate 2,000,000Everest National Insurance Company/Everest National Umbrella ($10M)-Products & Completed 08/17/2020 08/17/2021Insurance Company Operations Aggregate 2,000,000Everest National Insurance Company/Everest National Umbrella ($10M)-Personal and Advertising 08/17/2020 08/17/2021Insurance Company Injury 1,000,000 Everest National Insurance Company/Everest National Umbrella ($10M)-Bodily Injury and Property 08/17/2020 08/17/2021Insurance Company Damage Combined Single Limit 1,000,000Everest National Insurance Company/Everest National Umbrella ($10M)-Bodily Injury by 08/17/2020 08/17/2021Insurance Company Accident—Each Accident 1,000,000Everest National Insurance Company/Everest National Umbrella ($10M)-Bodily Injury by 08/17/2020 08/17/2021Insurance Company Disease—Policy Limit 1,000,000 Everest National Insurance Company/Everest National Umbrella ($10M)-Bodily Injury by 08/17/2020 08/17/2021Insurance Company Disease—Each Employee 1,000,000Everest National Insurance Company/Everest National 08/17/2020 08/17/2021Insurance Company Umbrella ($10M)-Each Employee 1,000,000Everest National Insurance Company/Everest National 08/17/2020 08/17/2021Insurance Company Umbrella ($10M)-Aggregate 2,000,000Federal Insurance Company/Chubb XS- (10x10) 08/17/2020 08/17/2021XS- (10x10)-Bodily Injury and Property 08/17/2020 08/17/2021Federal Insurance Company/Chubb Damage Each Occurrence 10,000,000Federal Insurance Company/Chubb XS- (10x10)-General Aggregate 10,000,000 08/17/2020 08/17/2021XS- (10x10)-Products and Completed 08/17/2020 08/17/2021 Federal Insurance Company/Chubb Operations Aggregate 10,000,000XS- (10x10)-Bodily Injury and Property 08/17/2020 08/17/2021Federal Insurance Company/Chubb Damage Each Occurrence 10,000,000Federal Insurance Company/Chubb XS- (10x10)-General Aggregate 10,000,000 08/17/2020 08/17/2021XS- (10x10)-Products and Completed 08/17/2020 08/17/2021 Federal Insurance Company/Chubb Operations Aggregate 10,000,000Cincinnati Specialty Underwriters Insurance 10/12/2020 08/17/2021Company/CSU Producer Resources, Inc. XS - Firearms Cincinnati Specialty Underwriters Insurance XS - Firearms-Bodily Injury and Property 10/12/2020 08/17/2021Company/CSU Producer Resources, Inc. Damage Each Occurrence 5,000,000Cincinnati Specialty Underwriters Insurance 10/12/2020 08/17/2021Company/CSU Producer Resources, Inc. XS - Firearms-General Aggregate 5,000,000Cincinnati Specialty Underwriters Insurance XS - Firearms-Products and Completed 10/12/2020 08/17/2021Company/CSU Producer Resources, Inc. Operations Aggregate 5,000,000Cincinnati Specialty Underwriters Insurance XS - Firearms-Bodily Injury and Property 10/12/2020 08/17/2021Company/CSU Producer Resources, Inc. Damage Each Occurrence 1,000,000Cincinnati Specialty Underwriters Insurance XS - Firearms-Personal and Advertising 10/12/2020 08/17/2021Company/CSU Producer Resources, Inc. Injury 1,000,000Cincinnati Specialty Underwriters Insurance 10/12/2020 08/17/2021Company/CSU Producer Resources, Inc. XS - Firearms-General Aggregate 2,000,000Cincinnati Specialty Underwriters Insurance XS - Firearms-Products and Completed 10/12/2020 08/17/2021Company/CSU Producer Resources, Inc. Operations Aggregate 2,000,000Cincinnati Specialty Underwriters Insurance XS - Firearms-Damage to Premises Rented to 10/12/2020 08/17/2021Company/CSU Producer Resources, Inc. You 100,000Cincinnati Specialty Underwriters Insurance XS - Firearms-Medical Expense – any one 10/12/2020 08/17/2021Company/CSU Producer Resources, Inc. person 5,000Federal Insurance Company/Chubb D&O/EPL/FID/Crime Pkg 08/17/2020 08/17/2021D&O/EPL/FID/Crime Pkg-Directors & 08/17/2020 08/17/2021 Federal Insurance Company/Chubb Officers Liability 1,000,000D&O/EPL/FID/Crime Pkg-Employment 08/17/2020 08/17/2021 Federal Insurance Company/Chubb Practices Liability 1,000,00008/17/2020 08/17/2021 Federal Insurance Company/Chubb D&O/EPL/FID/Crime Pkg-Fiduciary Liability 1,000,000Federal Insurance Company/Chubb D&O/EPL/FID/Crime Pkg-Employee Theft 1,000,000 08/17/2020 08/17/2021D&O/EPL/FID/Crime Pkg-Premises 08/17/2020 08/17/2021 Federal Insurance Company/Chubb Coverage 1,000,000D&O/EPL/FID/Crime Pkg-In Transit 08/17/2020 08/17/2021 Federal Insurance Company/Chubb Coverage 1,000,00008/17/2020 08/17/2021

Page 11

Amount of Expiration Carrier/Billing Co Policy Number Coverage Type Coverage Effective Date DateD&O/EPL/FID/Crime Pkg-Premises 08/17/2020 08/17/2021 Federal Insurance Company/Chubb coverage 1,000,000D&O/EPL/FID/Crime Pkg-Computer Fraud 08/17/2020 08/17/2021 Federal Insurance Company/Chubb Coverage 1,000,000D&O/EPL/FID/Crime Pkg-Funds Transfer 08/17/2020 08/17/2021 Federal Insurance Company/Chubb Coverage 1,000,000D&O/EPL/FID/Crime Pkg-Money Orders & 08/17/2020 08/17/2021 Federal Insurance Company/Chubb Counterfeit Currency Fraud Coverage 1,000,000D&O/EPL/FID/Crime Pkg-Credit Card Fraud 08/17/2020 08/17/2021Federal Insurance Company/Chubb Coverage 1,000,000Federal Insurance Company/Chubb D&O/EPL/FID/Crime Pkg-Client Coverage 1,000,000 08/17/2020 08/17/2021D&O/EPL/FID/Crime Pkg-Expense 08/17/2020 08/17/2021 Federal Insurance Company/Chubb Coverage 250,000D&O/EPL/FID/Crime Pkg-Social 08/17/2020 08/17/2021 Federal Insurance Company/Chubb Engineering Fraud Coverage 250,000Beazley Insurance Co./Beazley Cyber Liability 08/17/2020 08/17/2021Beazley Insurance Co./Beazley Cyber Liability-• Security Breach 3,000,000 08/17/2020 08/17/2021Beazley Insurance Co./Beazley Cyber Liability-• System Failure 3,000,000 08/17/2020 08/17/2021Beazley Insurance Co./Beazley Cyber Liability-• Security Breach 1,000,000 08/17/2020 08/17/2021Beazley Insurance Co./Beazley Cyber Liability-• System Failure 1,000,000 08/17/2020 08/17/2021Beazley Insurance Co./Beazley Cyber Liability-Cyber Extortion Loss 3,000,000 08/17/2020 08/17/2021Beazley Insurance Co./Beazley Cyber Liability-Data Recovery Costs 3,000,000 08/17/2020 08/17/2021Cyber Liability-Computer Hardware 08/17/2020 08/17/2021 Beazley Insurance Co./Beazley Replacement 500,000Beazley Insurance Co./Beazley Cyber Liability-Reputational Loss 1,000,000 08/17/2020 08/17/2021Beazley Insurance Co./Beazley Cyber Liability-Cryptojacking 250,000 08/17/2020 08/17/2021Beazley Insurance Co./Beazley Cyber Liability-Data & Network Liability 3,000,000 08/17/2020 08/17/2021Cyber Liability-Regulatory Defense and 08/17/2020 08/17/2021Beazley Insurance Co./Beazley Penalties 3,000,000Cyber Liability-Payment Cards Liabilities & 08/17/2020 08/17/2021Beazley Insurance Co./Beazley Costs 3,000,000 Beazley Insurance Co./Beazley Cyber Liability-Media Liability 3,000,000 08/17/2020 08/17/2021Beazley Insurance Co./Beazley Cyber Liability-• Notified Individuals 1,000,000 08/17/2020 08/17/2021Cyber Liability-• Legal, Forensic & Public 08/17/2020 08/17/2021Beazley Insurance Co./Beazley Relations/Crisis Management 1,000,000Cyber Liability-Additional Breach Response 08/17/2020 08/17/2021Beazley Insurance Co./Beazley Limit 3,000,000 Beazley Insurance Co./Beazley Cyber Liability-Fraudulent Instruction 100,000 08/17/2020 08/17/2021Beazley Insurance Co./Beazley Cyber Liability-Funds Transfer Fraud 250,000 08/17/2020 08/17/2021Beazley Insurance Co./Beazley Cyber Liability-Telephone Fraud 250,000 08/17/2020 08/17/2021Beazley Insurance Co./Beazley Cyber Liability-Invoice Manipulation 100,000 08/17/2020 08/17/2021

Page 12

Form 2-F QUARTERLY FEE SUMMARY * For the Month Ended: 1/31/2021 Cash Quarterly Date th Year Disbursements ** Fee Due Check No. Paid ary 2021 $ 11,577,083 uary h TAL 1st Quarter $ 11,577,083 $ 1 15,771$ TAL 2nd Quarter $ - $ $ st ember TAL 3rd Quarter $ $ ber $ mber mber TAL 4th Quarter $ $ FEE SCHEDULE terly Disbursements Fee Quarterly Disbursements $14,999..................... $325 $1,000,000 or more 1% of quarterly disbursments 00 to $74,999............. $650 $250,000, whichever is less 00 to $149,999............. $975 ,000 to $224,999......... $1,625 ,000 to $299,999.......... $1,950 ,000 to $999,999...............$..4..,.8..7..5. is summary is to reflect the current calendar year's information cumulative to the end of the reporting periodhould agree with line 3, Form 2-B. Disbursements are net of transfers to other debtor in possession bank accountse to pay the quarterly fee is cause for conversion or dismissal of the chapter 11 case. [11 U.S.C. Sec. 1112(b)(10)]

Page 13

Form 2-G NARRATIVE For Period Ending: 01/31/2021 Please provide a brief description of any significant business and legal actions taken by the debtor, its creditors, or the court during the reporting period, any unusual or non-recurring accounting transactions that are reported inthe financial statements, and any significant changes in the financial condition of the debtor which have occurredsubsequent to the report date. The Debtor has ended the month of January and continues to pursue a path of reorganization. Retail locations are currently winding down operations and running GOB sales under the direction of a professionliquidation company. The Debtor is currently working cooperatively with the major Secured Lenders in the case. The Debtor is continuing to investigate the best way to maximize the value of its estate and recoverifor creditors. The Debtor operates on a calendar month basis. Post-petition January 2021 ran from 01/10/2021 through 01/31/2021. The numbers contained in this monthly operating report reflect, to the best of its knowledge, the Debtor’s most up-to-date financials. However, if more accurate information later becomes available to the Debtor asuch information is materially different than the financial data provided in this monthly operating report, the Debtor reserves the right to amend this report or to address this additional information in a future monthly operating report or some other filing with the bankruptcy court. Page 1 o Rev. 01/01/08