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Full title: Debtor-In-Possession Monthly Operating Report for Filing Period January 1, 2021 - January 31, 2021 Filed by YouFit Health Clubs, LLC. (Attachments: # 1 Exhibit 1) (Meloro, Dennis) (Entered: 02/19/2021)

Document posted on Feb 18, 2021 in the bankruptcy, 10 pages and 10 tables.

Bankrupt11 Summary (Automatically Generated)

Case No. 20-12841 (MFW) Debtor Reporting Period: January 2021SCHEDULE 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 ACTUALCase No. 20-12841 (MFW) Debtor Reporting Period: January 2021SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS first report, the amount should be the balance on the date the petition was filed.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: January 2021 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_________________________ _February 19, 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: January 2021SCHEDULE 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 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 3,742,982RECEIPTS
Table 1 on page 2. Back to List of Tables
CASH SALES 5,354,194 2,771 56,370 199,194 149,179 2,457 5,339 5,341 5,774,845 17,316,736
ACCOUNTS RECEIVABLE 0 0
DIP FUNDING 0 9,000,000
SALE OF ASSETS 0 0
OTHER (ATTACH LIST) 0 0
INTERCOMPANY TRANSFERS - OUT (8,190,072) (2,771) (100,000) (125,876) (588,978) (500,000) (1,445) (148,816) (2,633) (9,660,591) (23,586,017)
INTERCOMPANY TRANSFERS - IN 753,032 5,778,344 2,386,205 125,876 25,523 2,633 588,978 9,660,591 23,586,017
TOTAL RECEIPTS (2,082,846) 5,778,344 2,386,205 25,876 (69,507) 25,523 (387,151) 88,978 (1,445) 363 (176) 5,339 0 5,341 5,774,845 26,316,735
In re: YouFit Health Clubs, LLC, et al. Case No. 20-12841 (MFW) Debtor Reporting Period: January 2021SCHEDULE 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 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 3,742,982RECEIPTSDISBURSEMENTS
Table 2 on page 2. Back to List of Tables
PAYROLL 2,386,205 2,386,205 7,363,544
EMPLOYEE BENEFITS 170,414 170,414 346,799
ADVERTISING / MARKETING 604,687 22 604,709 1,596,263
INSURANCE 131,888 131,888 500,043
EQUIPMENT LEASE 0 10,063
EQUIPMENT REPAIR 13,639 80 13,719 20,588
LICENSES & FEES 8,973 8,973 31,437
OFFICE & COMPUTER SUPPLIES 54,957 502 55,459 65,292
OUTSIDE SERVICES 196,816 2,322 4,273 203,410 362,901
LEGAL/PROFESSIONAL FEES (NON-BK) 101,709 101,709 223,238

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In re: YouFit Health Clubs, LLC, et al. Case No. 20-12841 (MFW) Debtor Reporting Period: January 2021SCHEDULE 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 0 3,541
PURCHASES (RETAIL) 62,135 435 702 63,272 141,125
RENT 2,385,247 20,833 25,523 76,033 2,507,636 5,195,557
SALES TAX 328,659 22 4,485 333,166 867,406
TRAVEL & ENTERTAINMENT 3,431 3,431 6,390
UTILITIES 320,252 2,174 1,048 323,475 765,961
CREDIT CARD / BANK FEES 16,399 126,565 89 1,394 175 26 1 144,649 294,940
MISCELLANEOUS EXPENSES 17,823 440 1,500 19,764 51,106
CLEANING /COVID-RELATED EXPENSES 0 95,099
CAPEX FITNESS EQUIP. 1,105 1,105 5,228
CAPEX FURNITURE 6,937 6,937 21,804
CAPEX LEASEHOLD IMPROVEMENTS 24,758 24,758 69,573
PROFESSIONAL FEES - BANKRUPTCY 1,218,349 1,218,349 3,154,509
UTILITY DEPOSITS 0 0
SURETY BONDS 0 0
U.S. TRUSTEE QUARTERLY FEES 0 0
COURT COSTS / FILING FEES 0 0
TOTAL DISBURSEMENTS 16,399 5,778,344 2,386,205 25,876 0 25,523 0 88,978 0 1,675 0 26 0 1 8,323,027 21,192,406
NET CASH FLOW (2,099,245) 0 0 0 (69,507) 0 (387,151) 0 (1,445) (1,312) (176) 5,313 0 5,340 (2,548,182) 5,124,329(RECEIPTS LESS DISBURSEMENTS) CASH - END OF MONTH 8,333,503 0 0 0 50,111 0 122,211 0 304,465 20,956 24 15,282 4,771 15,989 8,867,311 8,867,311 THE FOLLOWING SECTION MUST BE COMPLETED DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES: (FROM CURRENT MONTH ACTUAL COLUMN)TOTAL DISBURSEMENTS 8,323,027 LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS 0 PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. from escrow accounts) 0TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES 8,323,027

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In re: YouFit Health Clubs, LLC, et al. Case No. 20-12841 (MFW) Debtor Reporting Period: January 2021Continuation 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 8,684,570 (328,360) (1,268) (1,155) 53,335 0 131,607 (9,333) 304,465 28,802 96 15,560 4,771 16,757
Table 1 on page 4. Back to List of Tables
BANK BALANCE 8,333,503 0 0 0 50,111 0 122,211 0 304,465 20,956 24 15,282 4,771 15,989
(+) DEPOSITS IN TRANSIT 239,208 2,508 7,372 127
(-) OUTSTANDING CHECKS (294) (297,730) (1,268) (876) (8,594)
BANK BALANCE PER RECONCILIATION 8,572,417 (297,730) (1,268) (876) 52,619 0 129,583 (8,594) 304,465 21,083 24 15,282 4,771 15,989
(+) ADDITIONAL DEPOSITS IN TRANSIT 112,153
8,684,570
(30,630)
(328,360)
(1,268) (278)
(1,155)
716
53,335
0 2,025
131,607
(739)
(9,333)
304,465 7,719
28,802
72
96
279
15,560
4,771 768
16,757
(-) ADDITIONAL OUTSTANDING CHECKS
ADJUSTED BANK BALANCE *
None None None None None None None None None None None None None None
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: January 2021(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 3,635,251 10,992,896
Membership -Secondary Membership 54,390 387,546
Initiation Fees 57,148 133,372
First Month Dues 48,209 138,744
PIF Membership 27,724 60,676
Annual Dues 963,662 2,791,450
Group Classes 544 1,072
Cancellation Fee 93,799 237,719
Late Fee 98,268 300,774
Deferred Revenue Adjustments (72,521) (64,701)
Initiation Fee GAAP Adjustment (3,518) 19,439
PIF GAAP Adjustment 7,880 74,210
Annual Dues GAAP Adjustment (76,883) (158,350)
Total Membership
Personal Training
4,906,474
856,241
14,979,549
2,430,783
Retail Sales
Retail Product sales 63,988 156,918
Health Product sales 47,863 113,134
Over/Short Revenue 499 1,781
Tanning 1,060 2,946
Sublease / Commission Revenue 9,033 18,919
Other
Total Retail Sales
0
122,442
0
293,699
In re: YouFit Health Clubs, LLC, et al. Case No. 20-12841 (MFW) Debtor Reporting Period: January 2021(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 195,433 516,725
Table 2 on page 5. Back to List of Tables
Billing Fees 146,402 411,690
Credit Card Charges 32,611 88,487
Bank Service Fees 16,420 16,548
Equipment Expenses 113,117 271,972
Equip Repair and Maintenance 46,085 93,919
Facilities Repair 67,032 178,011
Misc Equip (Under 200) 0 43
Personnel Expenses 2,261,802 6,588,826
Club Operation Personnel 0 (79,174)
Child Care 0 0
Front Desk 603,289 1,736,729
Maintenance 183,725 519,182
Marketing Club Level 4,618 12,871
Management Club Level 600,843 1,819,078
Management Regional 207,463 654,484
Collections Membership 31,098 102,697
Club Level Sales 0
Personal Training Personnel 9 9
Personal Training Sales 195,061 610,382
Personal Training Service 252,178 706,593
Personal Training Regional 82,169 229,581
Collections Personal Training 0
Ops Support Personnel 14,585 40,530
Group X Service 39,934 103,043
Group X Mangement 16,650 46,563
Workers Compensation Insurance 25,463 77,513
Uniform Expense 3,319 7,722
Training expense 1,398 1,025
Relocation Expenses 0
Rent 2,041,222 5,536,145
Rent-Base 1,518,408 4,128,707
Rent-Cam 595,498 1,626,795
Rent-Cam Adjustments 2,719 49,322
Rent-Sales Tax 78,696 211,570
Rent-GAAP Adjustment Lease incentive (154,101) (480,250)
Utilities 306,684 958,373
Electrical/Gas 169,451 587,727
Water/Sewage 28,717 126,536
Alarm/ Security System 13,519 19,382
Trash 37,509 82,084
TV/Satellite service 19,704 54,533
Telephone service 37,785 88,110
Outside Services 260,925 598,309
Cleaning Services 126 560
Cleaning Supplies 101,735 197,065
Air Conditioning Service 16,653 63,915
DSL/WI FI 136,097 314,350
Lighting 0 1,056
Pest Control 3,059 11,039
Inspection Services 1,921 6,082
Other services 671 1,597
Misc Expense 663 2,644
Office and Computer Supplies 14,645 36,605
Office Supplies 13,232 34,144
Computer Supplies 201 900
Postage & Shipping 1,212 1,561
Travel and Entertainment 7,818 19,162
Airline Travel 56 2,782
Car rental 2,509 4,638

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In re: YouFit Health Clubs, LLC, et al. Case No. 20-12841 (MFW) Debtor Reporting Period: January 2021(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 2,539 6,210
Meals & Entertainment 1,330 2,847
Gifts 0 0
Mileage expense 0 0
Auto Expenses 24 24
Parking and Tolls 1,149 2,197
Fuel 212 463
Advertising and Marketing 13,863 7,158
Advertising 13,863 7,158
Adv-Direct Mail/Print 0 0
Adv Public Relations 0
Adv-Promo/T-Shirt 13,863 7,158
Convention Expenses 0
Donations 0
Professional Services 9,133 49,622
Consulting 350 900
Membership and subscriptions 8,062 39,550
Payroll Services 720 9,173
License and taxes 70,237 133,027
License and permits 12,171 18,207
Use / Sales / Excise Tax 327 452
Property Tax 57,739 114,368
Insurance 74,900 227,909
General Liability insurance 64,402 196,325
Umbrella insurance 10,098 30,784
Surety Bonds 400 800
Cost of Retail Product Sales 76,395 210,919
Cost of Beverages 37,515 101,260
Cost of Supplement 29,812 79,371
Other product costs 6,157 15,296
Cost of Tanning Product 60 112
Cost of Freight on Inventory 0 0
Inventory Adjustment
TOTAL DIRECT EXPENSES
2,851
5,446,174
14,880
15,154,754
Contribution Margin
Contribution Margin Percent
438,983
7.5%
2,549,276
14.4%
In re: YouFit Health Clubs, LLC, et al. Case No. 20-12841 (MFW) Debtor Reporting Period: January 2021(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
Table 2 on page 6. Back to List of Tables
None 20,910 None
Advertising Personnel 20,910 57,606
Office and Computer Supplies 0
Office Supplies 0
Postage & Shipping 0
Advertising and Marketing 699,060 1,561,043
Advertising 699,060 1,561,043
Adv-TV 0
Adv-Direct Mail/Print 0
Adv-Internet Marketing 646,866 1,366,069
Adv Public Relations 52,169 191,509
Adv Outdoor Media 24 24
Adv-Promo/T-Shirt 3,440
Convention Expenses 0
Professional Services 4,661 12,870
Consulting 0
Membership and subscriptions 4,661 12,870
Insurance 0
Auto Insurance 0
Billing 154 47,444
Collection Fees 0 9,481
Com Data Commission 0
Bank Service Fees 154 37,963
Equipment Expenses 287 2,243
Facilities Repair 255 1,994
Equip Rental 32 249
Equip Lease 0
Personnel Expenses 412,233 1,254,311
Admin Personnel 30,078 195,343
Legal Personnel 6,142 17,190
Accounting Personnel 111,765 307,910
HR Personnel 103,398 281,278
Executive Personnel 47,321 136,202
IT Personnel 85,339 232,227
401K Employer Martch, Corp, Admin 28,190 84,300
Workers Compensation Insurance 0 (141)
Training expense 0
Rent 24,416 69,054
Rent-Base 24,209 68,806
Rent-Sales Tax 1,665 4,624
Rent-GAAP Adjustment (1,458) (4,375)
Utilities 2,616 9,229
Electrical/Gas 0 1,590
Alarm/ Security System 0 0
Telephone service 2,616 7,638
Outside Services 798 9,302
Cleaning Services 0 5,618
Air Conditioning Service (854) 769

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In re: YouFit Health Clubs, LLC, et al. Case No. 20-12841 (MFW) Debtor Reporting Period: January 2021(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 1,588 2,723
Pest Control 64 193
Office and Computer Supplies 39,502 127,671
Office Supplies 1,425 2,340
Computer Supplies 1,203 6,211
Computer Repairs 36,311 103,923
Postage & Shipping 563 15,197
Travel and Entertainment 3,797 7,545
Airline Travel 0
Car rental 0
Lodging 0
Meals & Entertainment 696 1,697
Gifts 30 30
Mileage expense 81 81
Auto Expenses 0 0
Auto Lease/purchase 2,210 4,431
Parking and Tolls 345 688
Fuel 435 618
Professional Services 151,665 351,318
Legal 8,605 24,936
Accounting 6,170 18,510
Consulting 50,527 108,525
Membership and subscriptions 14,740 32,513
Payroll Services 61,622 136,834
Tax Services 10,000 30,000
License and taxes 5,881 17,654
License and permits 5,860 17,634
Property Tax 21 21
Insurance 5,326 15,979
General Liability insurance 818 2,455
Umbrella insurance 128 385
Auto Insurance 0 0
D&O Insurance
TOTAL INDIRECT EXPENSES
4,380
1,371,306
13,139
3,543,270
Other Income (Expenses) 5,617 8,382
Other Income 5,617 8,382
Royalty Income 0
In re: YouFit Health Clubs, LLC, et al. Case No. 20-12841 (MFW) Debtor Reporting Period: January 2021(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 -926,706 -985,612
EBITDA Percent -15.7% -5.6%
Depreciation and Amortization 974,873 2,665,846
Depreciation 938,001 2,552,870
Capital lease Amortization 34,666 105,691
Goodwill Amortization 1,873 5,618
Non-Compete Amortization 333 1,667
Interest expense, net of interest income (1,005,335) (3,045,456)
Interest Income 31 37
Interest Expense (744) (798)
Interest Expense-GE (1,004,622) (3,044,696)
Loan Cost Amortization 0
Non-Recurring Income (Expense) (1,206,579) (3,900,575)
Legal Settlements 0
Other Expenses (3.00) (6)
(Gain )/Loss of sale of FA 0
Non-recurring expenses (1,045,845) (2,588,537)
Severance 0.00
(377,174.77)
(3,567)
Professional Fee None (721,792)
Pre-opening Expenses 0
Other Expenses ( Impairment) 0
Restructuring Charges 216,443.45 (586,673)
Non-Cash Income (Expense) 77,655 102,379
Bad Debt 77,655 102,379
Income Taxes 537
State Income Tax 537
NET INCOME (LOSS) PERCENT -68.6% -59.3%

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In re: YouFit Health Clubs, LLC, et al. Case No. 20-12841 (MFW)Debtor Reporting Period: January 2021 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 8,960,116 3,764,717 Accounts receivable, net 1,644,042 696,803 Merchandise inventories 231,738 272,888 Other current assets 848,132 2,549,602 TOTAL CURRENT ASSETS 11,684,029 7,284,009 NON-CURRENT ASSETS
Table 1 on page 8. Back to List of Tables
Property Plant & Equipment, net 37,568,846 40,826,348
Property Held Under Capital Leases, net 95,302 201,352
Other Assets 878,188 718,097
Security Deposits 283,331 243,331
Utility Deposits 383,214 241,171
Due from/Due to
Organizational Cost
Accum Amort. Organizational cost-Corp-Admin
Non-compete Agreement 494,305 494,305
Amortization Non-compete (479,305) (462,971)
Goodwill 224,736 224,736
Amortization Goodwill (28,092) (22,474)
Other Assets (1) (1)
TOTAL NON-CURRENT ASSETS 38,542,336 41,745,797
In re: YouFit Health Clubs, LLC, et al. Case No. 20-12841 (MFW)Debtor Reporting Period: January 2021 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 8,960,116 3,764,717 Accounts receivable, net 1,644,042 696,803 Merchandise inventories 231,738 272,888 Other current assets 848,132 2,549,602 TOTAL CURRENT ASSETS 11,684,029 7,284,009 NON-CURRENT ASSETSOTHER ASSETS TOTAL ASSETS 50,226,365 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 15,746,561 15,236,416
Accounts Payable - Pre Petition 10,377,316 11,328,525
Accounts Payable - Post Petition 1,364,263
Accrued Expenses - Pre Petition 3,657,213 5,161,382
Accrued Expenses - Post Petition 1,601,262
Restructuring Liability (1,253,492) (1,253,492)
Line of Credit
Deferred Membership and Renewal Fees 3,707,393 3,710,426
Accrued Rent, Current Portion 1,970,884 1,934,201
Lease Incentives, Current Portion 1,768,144 1,777,182
Term Loan, Current Portion 750,000 750,000
Long-Term Debt, Current Portion 9,514,536
Obligations Under Capital Leases, Current Portion 5,590
TOTAL CURRENT LIABILITIES 33,457,519 23,413,814
In re: YouFit Health Clubs, LLC, et al. Case No. 20-12841 (MFW)Debtor Reporting Period: January 2021 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 8,960,116 3,764,717 Accounts receivable, net 1,644,042 696,803 Merchandise inventories 231,738 272,888 Other current assets 848,132 2,549,602 TOTAL CURRENT ASSETS 11,684,029 7,284,009 NON-CURRENT ASSETSOTHER ASSETS TOTAL ASSETS 50,226,365 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 9,646,975 10,072,461
Lease Incentives, Net of Current Portion 6,008,998 6,465,171
PPP Loan 10,000,000 10,000,000
Term Loan, Net of Current Portion 87,841,540 85,311,380
Long-Term Debt, Net of Current Portion
Obligations Under Capital Leases, Net of Current Portion
TOTAL LONG TERM LIABILITIES 113,497,513 111,849,012
TOTAL LIABILITIES 146,955,032 135,262,826 STOCKHOLDERS' EQUITY Stockholders' Equity (92,694,632) (46,488,611) Net Income (4,034,035) (39,744,408) TOTAL STOCKHOLDERS' EQUITY (96,728,666) (86,233,020) TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 50,226,365 49,029,806

Page 9

In re: YouFit Health Clubs, LLC, et al. Case No. 20-12841 (MFW) Debtor Reporting Period: January 2021The 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 0 145,167 145,167 01/07, 01/21, ACH from account ending 7030, ref #00370827145 0
FICA-Employee 0 161,101 161,101 01/07, 01/14, 01/2 1ACH from account ending 7030, ref #00370827145 0
FICA-Employer 0 161,095 161,095 01/07, 01/14, 01/2 1ACH from account ending 7030, ref #00370827145 0
Unemployment 0 12,370 12,370 01/07, 01/14, 01/2 1ACH from account ending 7030, ref #00370827145 0
Income
Other:_________________ 0
Total Federal Taxes 0 479,732 479,732 0
In re: YouFit Health Clubs, LLC, et al. Case No. 20-12841 (MFW) Debtor Reporting Period: January 2021The 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 0
Sales 404,877 220,010 335,332 289,555
Excise
Unemployment - ER 0
Real Property 32,102 0 0 32,102
Personal Property 202,550 0 0 202,550
Other:_________________
Total State and Local 639,530 220,010 335,332 524,208
Total Taxes 639,530 699,742 815,064 524,208
In re: YouFit Health Clubs, LLC, et al. Case No. 20-12841 (MFW) Debtor Reporting Period: January 2021The 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 409,368 4,883 268,649 0 0 682,900
Rent/Leases-Building (Included in Accounts Payable) 64,516 6,059 574,844 0 0 645,420
Amounts Due to Insiders (Included in Accounts Payable) 0 0 0 0 0 0
Professional Fees (Included in Accounts Payable) 35,943 0 0 0 0 35,943
Total Accounts Payable 509,828 10,942 843,493 0 0 1,364,263
Accrued Expenses 346,048 0 0 0 0 346,048
Wages Payable 1,255,213 0 0 0 0 1,255,213
Taxes Payable
Secured Debt/Adequate Protection Payments
Other:__________________________
Other:__________________________
Total Postpetition Debts 2,111,089 10,942 843,493 0 0 2,965,525

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In re: YouFit Health Clubs, LLC, et al. Case No. 20-12841 (MFW)Debtor Reporting Period: January 2021 ACCOUNTS RECEIVABLE RECONCILIATION AND AGING Accounts Receivable Reconciliation Amount Total Accounts Receivable at the beginning of the reporting period 1,813,043+Amounts billed during the period 6,041,437 -Amounts collected during the period (5,774,845) Total Accounts Receivable at the end of the reporting period 2,079,636
Table 1 on page 10. Back to List of Tables
Accounts Receivable Aging Amount None
0 - 30 days old 1,556,711
31 - 60 days old 297,019
61 - 90 days old 99,006
91+ days old 126,901
Total Accounts Receivable 2,079,636
Amount considered uncollectible (Bad Debt) (435,594)
Accounts Receivable (Net) 1,644,042
In re: YouFit Health Clubs, LLC, et al. Case No. 20-12841 (MFW)Debtor Reporting Period: January 2021 ACCOUNTS RECEIVABLE RECONCILIATION AND AGING Accounts Receivable Reconciliation Amount Total Accounts Receivable at the beginning of the reporting period 1,813,043+Amounts billed during the period 6,041,437 -Amounts collected during the period (5,774,845) Total Accounts Receivable at the end of the reporting period 2,079,636DEBTOR 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. 639, 584
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