FORM MOR
2/2008
PAGE 1 OF 11
In re
Atrinsic, Inc. - Debtor in Possession
Case No.
12-12553
Debtor
Reporting Period:
January 2013
Federal Tax I.D. #
06-1390025
File with the Court and submit a copy to the United States Trustee within 20 days after the end of the month and
submit a copy of the report to any official committee appointed in the case.
(Reports for Rochester and Buffalo Divisions of Western District of New York are due 15 days after the end of
the month, as are the reports for Southern District of New York.)
REQUIRED DOCUMENTS
Form No.
Document Attached
Explanation Attached
Schedule of Cash Receipts and Disbursements
MOR-1
X
Bank Reconciliation (or copies of debtor's bank reconciliations)
MOR-1 (CON'T)
X
Copies of bank statements
Cash disbursements journals
Statement of Operations
MOR-2
X
Balance Sheet
MOR-3
X
Status of Post-petition Taxes
MOR-4
X
Copies of IRS Form 6123 or payment receipt
Copies of tax returns filed during reporting period
Summary of Unpaid Post-petition Debts
MOR-4
X
Listing of Aged Accounts Payable
Accounts Receivable Reconciliation and Aging
MOR-5
X
Taxes Reconciliation and Aging
MOR-5
X
Payments to Insiders and Professional
MOR-6
X
Post Petition Status of Secured Notes, Leases Payable
MOR-6
X
Debtor Questionnaire
MOR-7
X
I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents
are true and correct to the best of my knowledge and belief.
Signature of Debtor /s/ Sebastian Giordano
Date
2/14/2013
Signature of Authorized Individual* /s/ Sebastian Giordano
Date
2/14/2013
Printed Name of Authorized Individual Sebastian Giordano
Date
2/14/2013
*Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a
partnership; a manager or member if debtor is a limited liability company.
CORPORATE MONTHLY OPERATING REPORT
UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF NEW YORK
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Pg FORM MOR-1
2/2008
PAGE 2 OF 11
Atrinsic, Inc. - Debtor in Possession
Case No.
12-12553
Debtor
Reporting Period:
January 2013
January 2013
Amounts reported should be from the debtor’s books and not the bank statement. The beginning cash should be the ending cash from the prior month
or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the "CURRENT MONTH -
ACTUAL” column must equal the sum of the four bank account columns. Attach copies of the bank statements and the cash disbursements journal.
The total disbursements listed in the disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be
attached for each account. [See MOR-1 (CON’T)]
ACCOUNT NUMBER (LAST 4)
OPER
PAYROLL
TAX
OTHER
CURRENT MONTH ACTUAL (TOTAL OF ALL ACCOUNTS)
CASH BEGINNING OF MONTH
872,943.60
0.00
0.00
0.00
872,943.60
RECEIPTS
CASH SALES
0.00
ACCOUNTS RECEIVABLE - PREPETITION
0.00
ACCOUNTS RECEIVABLE - POSTPETITION
0.00
LOANS AND ADVANCES
0.00
SALE OF ASSETS
0.00
OTHER (ATTACH LIST)
253.99
253.99
TRANSFERS (FROM DIP ACCTS)
0.00
TOTAL RECEIPTS
253.99
0.00
0.00
0.00
253.99
DISBURSEMENTS
NET PAYROLL
0.00
PAYROLL TAXES
0.00
SALES, USE, & OTHER TAXES
26.63
26.63
INVENTORY PURCHASES
0.00
SECURED/ RENTAL/ LEASES
4,000.00
4,000.00
INSURANCE
0.00
ADMINISTRATIVE
0.00
SELLING
0.00
OTHER (ATTACH LIST)
3,835.83
3,835.83
OWNER DRAW *
0.00
TRANSFERS (TO DIP ACCTS)
0.00
PROFESSIONAL FEES
31,072.11
31,072.11
U.S. TRUSTEE QUARTERLY FEES
975.00
975.00
COURT COSTS
0.00
TOTAL DISBURSEMENTS
39,909.57
0.00
0.00
0.00
39,909.57
NET CASH FLOW
(RECEIPTS LESS DISBURSEMENTS)
CASH – END OF MONTH
833,288.02
0.00
0.00
0.00
833,288.02
* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE
DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES: (FROM CURRENT MONTH ACTUAL COLUMN)
OTHER CASH RECEIPTS
Miscellaneous Revenue - Games
$253.99
TOTAL - OTHER
$253.99
OTHER CASH DISBURSEMENTS
Monthly Fee to Stock Transfer Agent
$1,050.00
Reimbursement of Dental Expenses to former employee
$835.00
Telephone
$300.00
Internet Service
$200.00
Out of Pocket Expenses - S. Giordano
$38.85
Office Supplies
$113.18
Costs to obtain 2012 W-2 forms from ADP
$1,175.02
Postage
$3.78
Depository Trust Company - Shareholder position report
$120.00
TOTAL - OTHER
$3,835.83
0.00
39,909.57
TOTAL DISBURSEMENTS
LESS: TRANSFERS TO OTHER 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
39,909.57
0.00
SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS
THE FOLLOWING SECTION MUST BE COMPLETED
(39,655.58)
0.00
0.00
0.00
BANK ACCOUNTS
(39,655.58)
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FORM MOR-1 (CONT.)
2/2008
PAGE 3 OF 11
Atrinsic, Inc. - Debtor in Possession
Case No.
12-12553
Debtor
Reporting Period:
January 2013
Continuation 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.
(Bank account numbers may be redacted to last four numbers.)
Operating
Payroll
Tax
Other
#
#
#
#
BALANCE PER BOOKS
$833,288.02
BANK BALANCE
$837,544.25
(+) DEPOSITS IN TRANSIT (ATTACH LIST)
(-) OUTSTANDING CHECKS (ATTACH LIST):
($4,256.23)
OTHER (ATTACH EXPLANATION)
ADJUSTED BANK BALANCE *
$833,288.02
*"Adjusted Bank Balance" must equal "Balance per Books"
DEPOSITS IN TRANSIT
Date
Amount
Date
Amount
CHECKS OUTSTANDING
Ck. #
Amount
Ck. #
Amount
Amy Johnson
1316
$816.86
Robert Half International
1319
$2,538.00
Craig Campbell
1320
$66.37
Chris Thomas
1322
$835.00
Total
$4,256.23
OTHER
TOTAL - OTHER
$0.00
BANK RECONCILIATIONS
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Pg 3 of 11
FORM MOR-2
2/2008
PAGE 4 OF 11
Atrinsic, Inc - Debtor in Possession
Case No.
12-12553
Debtor
Reporting Period:
January 2013
The Statement of Operations is to be prepared on an accrual basis. The accrual basis of accounting recognizes revenue
when it is realized and expenses when they are incurred, regardless of when cash is actually received or paid.
REVENUES
MONTH
CUMULATIVE -FILING TO DATE
Gross Revenues
0.00
0.00
Less: Returns and Allowances
0.00
0.00
Net Revenue
0.00
0.00
COST OF GOODS SOLD
Beginning Inventory
Add: Purchases
Add: Cost of Labor
Add: Other Costs (attach schedule)
Less: Ending Inventory
Cost of Goods Sold
0.00
0.00
Gross Profit
0.00
0.00
OPERATING EXPENSES
Advertising
Auto and Truck Expense
Bad Debts
Contributions
Employee Benefits Programs
Officer/Insider Compensation*
Insurance
27,234.80
244,156.02
Management Fees/Bonuses
Office Expense
504.32
4,060.21
Pension & Profit-Sharing Plans
Repairs and Maintenance
Rent and Lease Expense
4,000.00
42,090.47
Salaries/Commissions/Fees
11,389.49
Supplies
113.18
933.37
Taxes - Payroll
832.42
Taxes - Real Estate
Taxes - Other
26.63
164.23
Travel and Entertainment
64.75
6,479.80
Utilities
Other (attach schedule)
26,640.57
179,767.87
Total Operating Expenses Before Depreciation
58,584.25
489,873.88
Depreciation/Depletion/Amortization
1,921,907.74
Net Profit (Loss) Before Other Income & Expenses
(58,584.25)
(2,411,781.62)
OTHER INCOME AND EXPENSES
Other Income (attach schedule)
235,995.53
258,099.06
Interest Expense
Other Expense (attach schedule)
0.00
82,187.48
Net Profit (Loss) Before Reorganization Items
177,411.28
(2,235,870.04)
STATEMENT OF OPERATIONS (Income Statement)
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