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Full title: Debtor-In-Possession Monthly Operating Report for Filing Period December 1, 2020 - December 31, 2020 Filed by YouFit Health Clubs, LLC. (Attachments: # 1 Exhibit 1) (Meloro, Dennis) (Entered: 01/20/2021)

Document posted on Jan 19, 2021 in the bankruptcy, 10 pages and 10 tables.

Bankrupt11 Summary (Automatically Generated)

Case No. 20-12841 (MFW) Debtor Reporting Period: December 2020SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS first report, the amount should be the balance on the date the petition was filed.Case No. 20-12841 (MFW) Debtor Reporting Period: December 2020SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS first report, the amount should be the balance on the date the petition was filed.CURRENT MONTH BOA BOA BOA BOA BOA BOA BOA BOA BOA BOA BOA WF JPMC JPMC FILING TO DATE#7085 #7098 #7030 #7946 #7959 #8084 #3460 #3473 #4652 #6225 #2675 #7573 #7975 #6528 ACTUAL ACTUALNET CASH FLOW 4,194,594 0 0 0 11,638 0 131,008 0 305,910 16,795 134 3,701 0 5,414 4,669,194 7,672,511(RECEIPTS LESS DISBURSEMENTS) CASH - END OF MONTH 10,432,748 0 0 0 119,617 0 509,362 0 305,910 22,268 200 9,969 4,771 10,649 11,415,493 11,415,493 THE FOLLOWING SECTION MUST BE COMPLETED DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES: (FROM CURRENT MONTH

List of Tables

Page 1

UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE In re: YouFit Health Clubs, LLC, et al. Case No. 20-12841 (MFW)Reporting Period: December 2020 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
Table 1 on page 1. Back to List of Tables
Schedule of Cash Receipts and Disbursements MOR-1 [MOR 1.1]
Bank Reconciliation (or copies of debtor's bank reconciliations) MOR-1a
Schedule of Professional Fees Paid MOR-1b
Copies of bank statements
Cash disbursements journals
Statement of Operations MOR-2
Balance Sheet MOR-3
Status of Postpetition Taxes MOR-4
Copies of IRS Form 6123 or payment receipt
Copies of tax returns filed during reporting period
Summary of Unpaid Postpetition Debts MOR-4
Listing of aged accounts payable MOR-4
Accounts Receivable Reconciliation and Aging MOR-5
Debtor Questionnaire MOR-5
I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documentsare true and correct to the best of my knowledge and belief. _______________________________________ ______________________________Signature of Debtor Date _______________________________________ ______________________________Signature of Joint Debtor Date /s/ Brian Gleason_________________________ ___January 20, 2021_____________Signature of Authorized Individual* Date _______________________________________ ______________________________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 debtoris a partnership; a manager or member if debtor is a limited liability company.

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In re: YouFit Health Clubs, LLC, et al. Case No. 20-12841 (MFW) Debtor Reporting Period: December 2020SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS first report, the amount should be the balance on the date the petition was filed. The amounts reported in the "CURRENT MONTH - ACTUAL" column mustequal the sum of the four bank account columns. The amounts reported in the "PROJECTED" columns should be taken from the SMALL BUSINESS INITIALREPORT (FORM IR-1) . Attach copies of the bank statements and the cash disbursements journal. The total disbursements listed in the disbursements journalmust equal the total disbursements reported on this page. A bank reconciliation must be attached for each account. [See MOR-1 (CON'T)]BANK ACCOUNTS CUMULATIVE CURRENT MONTH BOA BOA BOA BOA BOA BOA BOA BOA BOA BOA BOA WF JPMC JPMC FILING TO DATE#7085 #7098 #7030 #7946 #7959 #8084 #3460 #3473 #4652 #6225 #2675 #7573 #7975 #6528 ACTUAL ACTUALCASH BEGINNING BALANCE 6,238,155 0 0 0 107,979 0 378,354 0 0 5,472 66 6,267 4,771 5,235 6,746,299 3,742,982RECEIPTS
Table 1 on page 2. Back to List of Tables
CASH SALES 6,770,306 93 1,965 37,085 305,009 370,487 2,912 3,727 5,414 7,496,998 11,541,891
ACCOUNTS RECEIVABLE 0 0
DIP FUNDING 5,500,000 5,500,000 9,000,000
SALE OF ASSETS 0 0
OTHER (ATTACH LIST) 0 0
INTERCOMPANY TRANSFERS - OUT (8,413,271) (306,003) (1,965) (25,447) (176,780) (353,637) (2,778) (9,279,880) (13,925,426)
INTERCOMPANY TRANSFERS - IN 355,695 5,911,367 2,476,380 25,447 25,523 2,778 176,780 305,910 9,279,880 13,925,426
TOTAL RECEIPTS 4,212,730 5,605,457 2,476,380 25,447 11,638 25,523 131,008 176,780 305,910 16,850 134 3,727 0 5,414 12,996,998 20,541,891
In re: YouFit Health Clubs, LLC, et al. Case No. 20-12841 (MFW) Debtor Reporting Period: December 2020SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS first report, the amount should be the balance on the date the petition was filed. The amounts reported in the "CURRENT MONTH - ACTUAL" column mustequal the sum of the four bank account columns. The amounts reported in the "PROJECTED" columns should be taken from the SMALL BUSINESS INITIALREPORT (FORM IR-1) . Attach copies of the bank statements and the cash disbursements journal. The total disbursements listed in the disbursements journalmust equal the total disbursements reported on this page. A bank reconciliation must be attached for each account. [See MOR-1 (CON'T)]BANK ACCOUNTS CUMULATIVE CURRENT MONTH BOA BOA BOA BOA BOA BOA BOA BOA BOA BOA BOA WF JPMC JPMC FILING TO DATE#7085 #7098 #7030 #7946 #7959 #8084 #3460 #3473 #4652 #6225 #2675 #7573 #7975 #6528 ACTUAL ACTUALCASH BEGINNING BALANCE 6,238,155 0 0 0 107,979 0 378,354 0 0 5,472 66 6,267 4,771 5,235 6,746,299 3,742,982RECEIPTSDISBURSEMENTS
Table 2 on page 2. Back to List of Tables
PAYROLL 2,476,380 2,476,380 4,977,340
EMPLOYEE BENEFITS 169,541 169,541 176,385
ADVERTISING / MARKETING 642,816 5,205 648,021 991,554
INSURANCE 171,920 171,920 368,155
EQUIPMENT LEASE 7,144 7,144 10,063
EQUIPMENT REPAIR 6,789 80 6,869 6,869
LICENSES & FEES 22,464 22,464 22,464
OFFICE & COMPUTER SUPPLIES 9,363 9,363 9,833
OUTSIDE SERVICES 136,762 785 10,489 148,036 159,491
LEGAL/PROFESSIONAL FEES (NON-BK) 88,298 88,298 121,529

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In re: YouFit Health Clubs, LLC, et al. Case No. 20-12841 (MFW) Debtor Reporting Period: December 2020SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS first report, the amount should be the balance on the date the petition was filed. The amounts reported in the "CURRENT MONTH - ACTUAL" column mustequal the sum of the four bank account columns. The amounts reported in the "PROJECTED" columns should be taken from the SMALL BUSINESS INITIALREPORT (FORM IR-1) . Attach copies of the bank statements and the cash disbursements journal. The total disbursements listed in the disbursements journalmust equal the total disbursements reported on this page. A bank reconciliation must be attached for each account. [See MOR-1 (CON'T)]BANK ACCOUNTS CUMULATIVE CURRENT MONTH BOA BOA BOA BOA BOA BOA BOA BOA BOA BOA BOA WF JPMC JPMC FILING TO DATE#7085 #7098 #7030 #7946 #7959 #8084 #3460 #3473 #4652 #6225 #2675 #7573 #7975 #6528 ACTUAL ACTUAL
Table 1 on page 3. Back to List of Tables
PROPERTY TAX 3,541 3,541 3,541
PURCHASES (RETAIL) 73,588 902 2,505 76,995 77,853
RENT 2,125,452 20,833 25,523 151,573 2,323,382 2,687,920
SALES TAX 255,629 592 97 256,318 534,240
TRAVEL & ENTERTAINMENT 1,681 150 1,831 2,959
UTILITIES 361,446 1,025 1,194 363,665 442,486
CREDIT CARD / BANK FEES 18,136 92,825 208 1,378 55 26 0 112,628 150,291
MISCELLANEOUS EXPENSES 21,097 408 198 21,704 31,342
CLEANING /COVID-RELATED EXPENSES 91,189 66 3,845 95,099 95,099
CAPEX FITNESS EQUIP. 4,124 4,124 4,124
CAPEX FURNITURE 12,179 628 65 12,872 14,867
CAPEX LEASEHOLD IMPROVEMENTS 44,815 44,815 44,815
PROFESSIONAL FEES - BANKRUPTCY 1,262,795 1,262,795 1,936,160
UTILITY DEPOSITS 0 0
SURETY BONDS 0 0
U.S. TRUSTEE QUARTERLY FEES 0 0
COURT COSTS / FILING FEES 0 0
TOTAL DISBURSEMENTS 18,136 5,605,457 2,476,380 25,447 0 25,523 0 176,780 0 55 0 26 0 0 8,327,804 12,869,379
NET CASH FLOW 4,194,594 0 0 0 11,638 0 131,008 0 305,910 16,795 134 3,701 0 5,414 4,669,194 7,672,511(RECEIPTS LESS DISBURSEMENTS) CASH - END OF MONTH 10,432,748 0 0 0 119,617 0 509,362 0 305,910 22,268 200 9,969 4,771 10,649 11,415,493 11,415,493 THE FOLLOWING SECTION MUST BE COMPLETED DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES: (FROM CURRENT MONTH ACTUAL COLUMN)TOTAL DISBURSEMENTS 8,327,804 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 8,327,804

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In re: YouFit Health Clubs, LLC, et al. Case No. 20-12841 (MFW) Debtor Reporting Period: December 2020Continuation 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. BOA BOA BOA BOA BOA BOA BOA BOA BOA BOA BOA WF JPMC Aurora #7085 #7098 #7030 #7946 #7959 #8084 #3460 #3473 #4652 #6225 #2675 #7573 #7975 #6528BALANCE PER BOOKS 10,794,028 (341,417) 0 (1,254) 122,409 0 523,946 (4,519) 305,910 22,661 200 9,969 4,771 10,649
Table 1 on page 4. Back to List of Tables
BANK BALANCE 10,432,748 0 0 0 119,617 0 509,362 0 305,910 22,268 200 9,969 4,771 10,649
(+) DEPOSITS IN TRANSIT 361,349 2,791 14,584 393
(-) OUTSTANDING CHECKS (69) (341,417) (1,254) (4,519)
BANK BALANCE PER RECONCILIATION 10,794,028 (341,417) 0 (1,254) 122,409 0 523,946 (4,519) 305,910 22,661 200 9,969 4,771 10,649
(+) ADDITIONAL DEPOSITS IN TRANSIT 14,627 (25,498) (89) 113 86 (935) 3,069 22 205 84
(-) ADDITIONAL OUTSTANDING CHECKS None None None None None None None None None None None None None None
ADJUSTED BANK BALANCE * 10,808,655 (366,915) 0 (1,344) 122,522 0 524,031 (5,454) 305,910 25,731 222 10,173 4,771 10,733
DEPOSITS IN TRANSIT Date Amount Date Amount Date Amount Date Amount Date Amount Date Amount Date Amount Date Amount Date Amount Date Amount Date Amount Date Amount Date Amount Date Amount
CHECKS OUTSTANDING Ck. # Amount Ch. # Amount Ck. # Amount Ck. # Amount Ck. # Amount Ck. # Amount Ck. # Amount Ck. # Amount Ck. # Amount Ch. # Amount Ck. # Amount Ck. # Amount Ck. # Amount Ck. # Amount

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In re: YouFit Health Clubs, LLC, et al. Case No. 20-12841 (MFW) Debtor Reporting Period: December 2020(Income Statement) The Statement of Operations is to be prepared on an accrual basis. The accrual basis of accounting recognizes revenue when it isrealized and expenses when they are incurred, regardless of when cash is actually received or paid. Cumulative Month Filing to Date REVENUES
Table 1 on page 5. Back to List of Tables
Membership 3,973,807 7,357,645
Membership -Secondary Membership 274,391 333,156
Initiation Fees 41,147 76,223
First Month Dues 30,898 90,536
PIF Membership 18,428 32,953
Annual Dues 964,260 1,827,788
Group Classes 283 528
Cancellation Fee 84,812 143,920
Late Fee 131,651 202,506
Deferred Revenue Adjustments 35,834 7,820
Initiation Fee GAAP Adjustment 15,414 22,957
PIF GAAP Adjustment 31,725 66,330
Annual Dues GAAP Adjustment (11,305) (81,467)
Total Membership
Personal Training
5,555,511
832,599
10,073,075
1,574,542
Retail Sales
Retail Product sales 50,697 92,930
Health Product sales 37,184 65,272
Over/Short Revenue 906 1,282
Tanning 1,102 1,887
Sublease / Commission Revenue 9,357 9,887
Other
Total Retail Sales
0
99,245
0
171,257
In re: YouFit Health Clubs, LLC, et al. Case No. 20-12841 (MFW) Debtor Reporting Period: December 2020(Income Statement) The Statement of Operations is to be prepared on an accrual basis. The accrual basis of accounting recognizes revenue when it isrealized and expenses when they are incurred, regardless of when cash is actually received or paid. Cumulative Month Filing to Date REVENUESDIRECT EXPENSES Billing 182,708 321,292
Table 2 on page 5. Back to List of Tables
Billing Fees 155,661 265,288
Credit Card Charges 26,993 55,876
Bank Service Fees 54 128
Equipment Expenses 91,522 158,855
Equip Repair and Maintenance 24,833 47,834
Facilities Repair 66,689 110,979
Misc Equip (Under 200) 0 43
Personnel Expenses 2,245,942 4,327,024
Club Operation Personnel (78,686) (79,174)
Child Care 0 0
Front Desk 596,914 1,133,441
Maintenance 174,583 335,457
Marketing Club Level 4,889 8,253
Management Club Level 699,091 1,218,235
Management Regional 254,723 447,021
Collections Membership 28,521 71,599
Club Level Sales 0 0
Personal Training Personnel 0 0
Personal Training Sales 136,712 415,321
Personal Training Service 244,207 454,415
Personal Training Regional 84,810 147,412
Collections Personal Training 0 0
Ops Support Personnel 15,527 25,944
Group X Service 39,685 63,109
Group X Mangement 17,605 29,913
Workers Compensation Insurance 25,463 52,050
Uniform Expense 1,942 4,402
Training expense (44) (374)
Relocation Expenses 0 0
Rent 2,082,752 3,494,923
Rent-Base 1,506,460 2,610,299
Rent-Cam 595,844 1,031,297
Rent-Cam Adjustments 59,641 46,603
Rent-Sales Tax 82,387 132,873
Rent-GAAP Adjustment Lease incentive (161,581) (326,149)
Utilities 315,810 651,690
Electrical/Gas 186,389 418,277
Water/Sewage 34,008 97,819
Alarm/ Security System 2,172 5,863
Trash 38,653 44,576
TV/Satellite service 17,853 34,829
Telephone service 36,736 50,325
Outside Services 201,786 337,384
Cleaning Services 228 434
Cleaning Supplies 84,108 95,330
Air Conditioning Service 16,748 47,262
DSL/WI FI 92,879 178,253
Lighting 169 1,056
Pest Control 4,489 7,980
Inspection Services 1,204 4,162
Other services 433 926
Misc Expense 1,529 1,981
Office and Computer Supplies 14,592 21,961
Office Supplies 13,690 20,912
Computer Supplies 620 700
Postage & Shipping 282 349
Travel and Entertainment 9,816 11,344
Airline Travel 2,684 2,726
Car rental 1,911 2,129

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In re: YouFit Health Clubs, LLC, et al. Case No. 20-12841 (MFW) Debtor Reporting Period: December 2020(Income Statement) The Statement of Operations is to be prepared on an accrual basis. The accrual basis of accounting recognizes revenue when it isrealized and expenses when they are incurred, regardless of when cash is actually received or paid. Cumulative Month Filing to Date
Table 1 on page 6. Back to List of Tables
Lodging 3,032 3,671
Meals & Entertainment 1,106 1,518
Gifts 0 0
Mileage expense 0 0
Auto Expenses 0 0
Parking and Tolls 832 1,048
Fuel 252 252
Advertising and Marketing (1,519) (6,705)
Advertising (1,519) (6,705)
Adv-Direct Mail/Print 0 0
Adv Public Relations 0 0
Adv-Promo/T-Shirt (1,519) (6,705)
Convention Expenses 0 0
Donations 0 0
Professional Services 33,234 40,489
Consulting 350 550
Membership and subscriptions 24,431 31,487
Payroll Services 8,452 8,452
License and taxes 28,659 62,790
License and permits 4,638 6,036
Use / Sales / Excise Tax 125 125
Property Tax 23,895 56,629
Insurance 74,900 153,009
General Liability insurance 64,402 131,923
Umbrella insurance 10,098 20,686
Surety Bonds 400 400
Cost of Retail Product Sales 61,398 134,525
Cost of Beverages 31,477 63,745
Cost of Supplement 24,521 49,560
Other product costs 3,102 9,139
Cost of Tanning Product 24 52
Cost of Freight on Inventory 0 0
Inventory Adjustment
TOTAL DIRECT EXPENSES
2,274
5,341,600
12,029
9,708,580
Contribution Margin
Contribution Margin Percent
1,145,755
17.7%
2,110,293
17.9%
In re: YouFit Health Clubs, LLC, et al. Case No. 20-12841 (MFW) Debtor Reporting Period: December 2020(Income Statement) The Statement of Operations is to be prepared on an accrual basis. The accrual basis of accounting recognizes revenue when it isrealized and expenses when they are incurred, regardless of when cash is actually received or paid. Cumulative Month Filing to DateINDIRECT EXPENSES Personnel Expenses 22,081 36,696
Table 2 on page 6. Back to List of Tables
Advertising Personnel 22,081 36,696
Office and Computer Supplies 0 0
Office Supplies 0 0
Postage & Shipping 0 0
Advertising and Marketing 554,263 861,983
Advertising 554,263 861,983
Adv-TV 0 0
Adv-Direct Mail/Print 0 0
Adv-Internet Marketing 440,384 719,203
Adv Public Relations 110,439 139,340
Adv Outdoor Media 0 0
Adv-Promo/T-Shirt 3,440 3,440
Convention Expenses 0 0
Professional Services 7,130 8,209
Consulting 0 0
Membership and subscriptions 7,130 8,209
Insurance 0 0
Auto Insurance 0 0
Billing 25,404 47,290
Collection Fees 7,210 9,481
Com Data Commission 0 0
Bank Service Fees 18,194 37,810
Equipment Expenses 1,739 1,956
Facilities Repair 1,739 1,739
Equip Rental 0 217
Equip Lease 0 0
Personnel Expenses 496,574 842,078
Admin Personnel 87,393 165,264
Legal Personnel 6,560 11,048
Accounting Personnel 115,082 196,146
HR Personnel 106,051 177,880
Executive Personnel 52,538 88,881
IT Personnel 86,611 146,888
401K Employer Martch, Corp, Admin 42,339 56,111
Workers Compensation Insurance 0 (141)
Training expense 0 0
Rent 24,416 44,638
Rent-Base 24,209 44,597
Rent-Sales Tax 1,665 2,958
Rent-GAAP Adjustment (1,458) (2,917)
Utilities 4,036 6,612
Electrical/Gas 1,418 1,590
Alarm/ Security System (112) 0
Telephone service 2,731 5,022
Outside Services 885 8,504
Cleaning Services 0 5,618
Air Conditioning Service 299 1,623

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In re: YouFit Health Clubs, LLC, et al. Case No. 20-12841 (MFW) Debtor Reporting Period: December 2020(Income Statement) The Statement of Operations is to be prepared on an accrual basis. The accrual basis of accounting recognizes revenue when it isrealized and expenses when they are incurred, regardless of when cash is actually received or paid. Cumulative Month Filing to Date
Table 1 on page 7. Back to List of Tables
DSL/WI FI 521 1,135
Pest Control 64 128
Office and Computer Supplies 46,704 88,169
Office Supplies 445 915
Computer Supplies 4,129 5,008
Computer Repairs 33,577 67,612
Postage & Shipping 8,553 14,634
Travel and Entertainment 2,252 3,748
Airline Travel 0 0
Car rental 0 0
Lodging 0 0
Meals & Entertainment 746 1,001
Gifts 0 0
Mileage expense 0 0
Auto Expenses 0 0
Auto Lease/purchase 1,034 2,221
Parking and Tolls 342 342
Fuel 129 184
Professional Services 71,952 199,654
Legal 10,431 16,331
Accounting 6,170 12,340
Consulting 40,571 57,998
Membership and subscriptions 17,128 17,773
Payroll Services (12,347) 75,212
Tax Services 10,000 20,000
License and taxes 5,820 11,774
License and permits 5,820 11,774
Property Tax 0 0
Insurance 5,326 10,653
General Liability insurance 818 1,637
Umbrella insurance 128 257
Auto Insurance 0 0
D&O Insurance
TOTAL INDIRECT EXPENSES
4,380
1,268,582
8,760
2,171,964
Other Income (Expenses) 2,765 2,765
Other Income 2,765 2,765
Royalty Income 0 0
In re: YouFit Health Clubs, LLC, et al. Case No. 20-12841 (MFW) Debtor Reporting Period: December 2020(Income Statement) The Statement of Operations is to be prepared on an accrual basis. The accrual basis of accounting recognizes revenue when it isrealized and expenses when they are incurred, regardless of when cash is actually received or paid. Cumulative Month Filing to Date
Table 2 on page 7. Back to List of Tables
EBITDA -120,062 -58,906
EBITDA Percent -1.9% -0.5%
Depreciation and Amortization 967,801 1,690,973
Depreciation 924,105 1,614,869
Capital lease Amortization 41,490 71,025
Goodwill Amortization 1,873 3,746
Non-Compete Amortization 333 1,333
Interest expense, net of interest income (1,209,232) (2,040,121)
Interest Income 6 6
Interest Expense (22) (54)
Interest Expense-GE (1,209,217) (2,040,074)
Loan Cost Amortization 0 0
Non-Recurring Income (Expense) (2,317,224) (2,693,995)
Legal Settlements 0 0
Other Expenses (3) (3)
(Gain )/Loss of sale of FA 0 0
Non-recurring expenses (1,225,865) (1,542,692)
Severance 0 (3,567)
Professional Fee (286,267) (344,617)
Pre-opening Expenses 0 0
Other Expenses ( Impairment) 0 0
Restructuring Charges (805,089) (803,117)
Non-Cash Income (Expense) 39,802 24,724
Bad Debt 39,802 24,724
Income Taxes 537 537
State Income Tax 537 537
NET INCOME (LOSS) PERCENT -70.5% -54.7%

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In re: YouFit Health Clubs, LLC, et al. Case No. 20-12841 (MFW)Debtor Reporting Period: December 2020 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 Cash and cash equivalents 11,498,435 3,764,717 Accounts receivable, net 1,299,794 696,803 Merchandise inventories 248,346 272,888 Other current assets 1,074,325 2,549,602 TOTAL CURRENT ASSETS 14,120,901 7,284,009 NON-CURRENT ASSETS
Table 1 on page 8. Back to List of Tables
Property Plant & Equipment, net 38,460,976 40,826,348
Property Held Under Capital Leases, net 129,968 201,352
Other Assets 930,892 718,097
Security Deposits 283,331 243,331
Utility Deposits 419,713 241,171
Due from/Due to
Organizational Cost
Accum Amort. Organizational cost-Corp-Admin
Non-compete Agreement 494,305 494,305
Amortization Non-compete (464,971) (462,971)
Goodwill 224,736 224,736
Amortization Goodwill (26,219) (22,474)
Other Assets (1) (1)
TOTAL NON-CURRENT ASSETS 39,521,836 41,745,797
In re: YouFit Health Clubs, LLC, et al. Case No. 20-12841 (MFW)Debtor Reporting Period: December 2020 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 Cash and cash equivalents 11,498,435 3,764,717 Accounts receivable, net 1,299,794 696,803 Merchandise inventories 248,346 272,888 Other current assets 1,074,325 2,549,602 TOTAL CURRENT ASSETS 14,120,901 7,284,009 NON-CURRENT ASSETSOTHER ASSETS TOTAL ASSETS 53,642,736 49,029,806 BOOK VALUE AT END OF BOOK VALUE ON LIABILITIES AND OWNER EQUITY CURRENT REPORTING MONTH PETITION DATECURRENT LIABILITIES
Table 2 on page 8. Back to List of Tables
Accounts Payable and Accrued Expense 15,612,379 15,236,416
Accounts Payable - Pre Petition 10,379,066 11,328,525
Accounts Payable - Post Petition 960,163
Accrued Expenses - Pre Petition 4,162,562 5,161,382
Accrued Expenses - Post Petition 1,364,080
Restructuring Liability (1,253,492) (1,253,492)
Line of Credit
Deferred Membership and Renewal Fees 3,680,141 3,710,426
Accrued Rent, Current Portion 1,966,306 1,934,201
Lease Incentives, Current Portion 1,780,781 1,777,182
Term Loan, Current Portion 750,000 750,000
Long-Term Debt, Current Portion 9,455,114
Obligations Under Capital Leases, Current Portion 1,874 5,590
TOTAL CURRENT LIABILITIES 33,246,594 23,413,814
In re: YouFit Health Clubs, LLC, et al. Case No. 20-12841 (MFW)Debtor Reporting Period: December 2020 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 Cash and cash equivalents 11,498,435 3,764,717 Accounts receivable, net 1,299,794 696,803 Merchandise inventories 248,346 272,888 Other current assets 1,074,325 2,549,602 TOTAL CURRENT ASSETS 14,120,901 7,284,009 NON-CURRENT ASSETSOTHER ASSETS TOTAL ASSETS 53,642,736 49,029,806 BOOK VALUE AT END OF BOOK VALUE ON LIABILITIES AND OWNER EQUITY CURRENT REPORTING MONTH PETITION DATECURRENT LIABILITIESLONG TERM LIABILITIES
Table 3 on page 8. Back to List of Tables
Accrued Rent, Net of Current Portion 10,040,709 10,072,461
Lease Incentives, Net of Current Portion 6,151,921 6,465,171
PPP Loan 10,000,000 10,000,000
Term Loan, Net of Current Portion 86,896,340 85,311,380
Long-Term Debt, Net of Current Portion
Obligations Under Capital Leases, Net of Current Portion
TOTAL LONG TERM LIABILITIES 113,088,970 111,849,012
TOTAL LIABILITIES 146,335,565 135,262,826 STOCKHOLDERS' EQUITY Stockholders' Equity (46,506,341) (46,488,611) Net Income (46,186,488) (39,744,408) TOTAL STOCKHOLDERS' EQUITY (92,692,828) (86,233,020) TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 53,642,736 49,029,806

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In re: YouFit Health Clubs, LLC, et al. Case No. 20-12841 (MFW) Debtor Reporting Period: December 2020The 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
Table 1 on page 9. Back to List of Tables
Withholding 157,501 157,501 157,501 12/10, 12/23 ACH from acct. #7030 0
FICA-Employee 165,854 165,854 165,854 12/10, 12/23 ACH from acct. #7030 0
FICA-Employer 165,851 165,851 165,851 12/10, 12/23 ACH from acct. #7030 0
Unemployment 3,492 3,492 3,492 12/10, 12/23 ACH from acct. #7030 0
Income
Other:_________________ 0
Total Federal Taxes 492,698 492,698 492,698 0
In re: YouFit Health Clubs, LLC, et al. Case No. 20-12841 (MFW) Debtor Reporting Period: December 2020The 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 FederalState and Local
Table 2 on page 9. Back to List of Tables
Withholding - EE 4,649 4,649 4,649 12/10, 12/23 ACH from acct. #7030 0
Sales 291,434 323,392 209,949 404,877
Excise
Unemployment - ER 1,197 1,197 1,197 12/10, 12/23 ACH from acct. #7030 0
Real Property
Personal Property
Other:_________________
Total State and Local 297,281 329,238 215,795 404,877
Total Taxes 789,979 821,936 708,493 404,877
In re: YouFit Health Clubs, LLC, et al. Case No. 20-12841 (MFW) Debtor Reporting Period: December 2020The 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 FederalState and LocalSUMMARY OF UNPAID POSTPETITION DEBTS Attach aged listing of accounts payable. Number of Days Past Due Current 31-60 61-90 90-120 120+ Total
Table 3 on page 9. Back to List of Tables
Accounts Payable 332,862 30,329 0 0 0 363,191
Rent/Leases-Building (Included in Accounts Payable) 591,540 5,432 0 0 0 596,972
Amounts Due to Insiders (Included in Accounts Payable) 0 0 0 0 0 0
Professional Fees (Included in Accounts Payable) 0 0 0 0 0 0
Total Accounts Payable 924,401 35,761 0 0 0 960,163
Accrued Expenses 449,610 0 0 0 0 449,610
Wages Payable 914,470 0 0 0 0 914,470
Taxes Payable 0 0 0 0 0 0
Rent/Leases-Equipment
Secured Debt/Adequate Protection Payments
Other:__________________________
Other:__________________________
Total Postpetition Debts 2,288,481 35,761 0 0 0 2,324,243

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In re: YouFit Health Clubs, LLC, et al. Case No. 20-12841 (MFW) Debtor Reporting Period: December 2020ACCOUNTS RECEIVABLE RECONCILIATION AND AGING Accounts Receivable Reconciliation Amount Total Accounts Receivable at the beginning of the reporting period 2,124,147+ Amounts billed during the period 7,185,895 - Amounts collected during the period (7,496,998) Total Accounts Receivable at the end of the reporting period 1,813,043
Table 1 on page 10. Back to List of Tables
Accounts Receivable Aging Amount None
0 - 30 days old 1,175,611
31 - 60 days old 362,148
61 - 90 days old 120,716
91+ days old 154,569
Total Accounts Receivable 1,813,043
Amount considered uncollectible (Bad Debt) (513,249)
Accounts Receivable (Net) 1,299,794
In re: YouFit Health Clubs, LLC, et al. Case No. 20-12841 (MFW) Debtor Reporting Period: December 2020ACCOUNTS RECEIVABLE RECONCILIATION AND AGING Accounts Receivable Reconciliation Amount Total Accounts Receivable at the beginning of the reporting period 2,124,147+ Amounts billed during the period 7,185,895 - Amounts collected during the period (7,496,998) Total Accounts Receivable at the end of the reporting period 1,813,043DEBTOR QUESTIONNAIRE Must be completed each month Yes No
Table 2 on page 10. Back to List of Tables
1. Have any assets been sold or transferred outside the normal course of business
this reporting period? If yes, provide an explanation below.
See docket nos. 578 and 571 (the order authorizing the sales and the notice of the sales, respectively).
X
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.
X
3. Have all postpetition tax returns been timely filed? If no, provide an explanation
below.
X
4. Are workers compensation, general liability and other necessary insurance
coverages in effect? If no, provide an explanation below.
X
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.
X