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Assets of Air Conditioning Business

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Listing Information

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Assets of Air Conditioning Business



Price: $347,603.00


Other Item Info
Item #: ohnbke_1023087
Created: 11/08/2017
Category: Business Property > All Assets or Going Concerns > General Industrials
Sale Date: None Set
Seller Info
Sean D. Malloy
Debtor's Attorney
600 Superior Ave., E Suite #2100
Cleveland, OH 44114
216-348-5400
Bankruptcy Info
Case #: 5:17-bk-52170
Case Title: Data Cooling Technologies LLC
Court: Ohio Northern Bankruptcy Court
Chapter: 11
View Case Docket

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Description

Sale of assets of Data Cooling Technologies LLC which includes:

  1. The fixed assets located at the Tampa Location (value: $55,937, which represents 10% of total asset cost of the assets still in use).
  2. The raw material inventory located at the Tampa Location (value: $214,662, which represents 70% of current/expected usable inventory list of $306,660 as of November 30, 2017).
  3. Intellectual/intangible property consisting of the following (value: $24,947, which is seller's actual cost to date):
    (i) Two U.S. Patents -- No. 8,584,733 and No. 6,422,299.
    (ii) U.S. Registered Trademark — "TEI" with design (Registration No. 3665669).
    (iii) Seller's telephone number(s) for the Tampa Location.
  4. Accounts receivable generated after closing for scheduled shipments remaining for December 2017, which are attributable to seller's Tampa operations (estimated value: $52,057, which represents 75% of total remaining_November production under the Production Plan (and invoiced after November 30, 2017.).
  5. All payments received under the Assigned Contracts other than (i) accounts receivable generated before Closing and (ii) accounts receivable, if any, as described in the last sentence of Section 1.3 hereof.
  6. Additional inventory purchases made by seller after execution of the Definitive Agreement for post-November production, not to exceed $130,000.

Other Information

Terms and Conditions:

See Attached.


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