UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 1-K/A
(Amendment No. 1)
ANNUAL REPORT PURSUANT TO REGULATION A
For the fiscal year ended:
December 31, 2022
COLLECTABLE SPORTS ASSETS, LLC
(Exact name of issuer as specified in its charter)
Delaware | 84-4533006 | |
State of other jurisdiction of incorporation or Organization | (I.R.S. Employer Identification No.) |
120 Bloomingdale Rd., Ste 304, White Plains, NY 10605
(Full mailing address of principal executive offices)
(914) 372-7337
(Issuer’s telephone number, including area code)
www.collectable.com
(Issuer’s website)
(Securities issued pursuant to Regulation A)
EXPLANATORY NOTE
Collectable Sports Assets, LLC (“we” or the “Company”) is filing this Amendment No. 1 (the “Amendment”) to our Annual Report on Form 1-K for the fiscal year ended December 31, 2022, which was filed with the Securities and Exchange Commission (the “SEC”) on May 8, 2023 (the “Form 1-K”), solely to correct Item 3 (“Directors, Executive Officers and Significant Employees”) thereof. Items 3 as set forth in this Amendment supersedes and replaces in its entirety Item 3 that was set forth in the 1-K. No other changes have been made to the Form 1-K other than that described above. This Amendment does not reflect subsequent events occurring after the original filing date of the Form 1-K or modify or update in any way disclosures made in the Form 1-K. Among other things, forward-looking statements made in the Form 1-K have not been revised to reflect events that occurred or facts that became known to us after filing of the Form 1-K, and such forward-looking statements should be read in their historical context. Furthermore, this Amendment should be read in conjunction with the Form 1-K and with our filings with the SEC subsequent to the Form 1-K.
Table of Contents
In this Annual Report, references to “we,” “us,” “our,” “Collectable Sports Assets,” or the “Company” mean Collectable Sports Assets, LLC, a Delaware series limited liability company.
THIS ANNUAL REPORT MAY CONTAIN “FORWARD-LOOKING” STATEMENTS WITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. FORWARD LOOKING STATEMENTS IN THIS REPORT INCLUDES INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY, AND ITS INDUSTRY. THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND FORWARD-LOOKING INFORMATION GENERALLY CAN BE IDENTIFIED BY FORWARD-LOOKING TERMINOLOGY, SUCH AS “ESTIMATE,” “PROJECT,” “BELIEVE,” “ANTICIPATE,” “INTEND,” “EXPECT” AND SIMILAR EXPRESSIONS OR THE NEGATIVE THEREOF. THESE STATEMENTS REFLECT MANAGEMENT’S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE COMPANY’S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS, SUCH AS GENERAL ECONOMIC CONDITIONS AND THE MARKET FOR COLLECTABLE SPORTS MEMORABILIA. INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE. WE HEREBY EXPRESSLY DISCLAIM ANY INTENTION TO UPDATE ANY FORWARD-LOOKING INFORMATION CONTAINED IN THIS REPORT UNLESS REQUIRED BY LAW TO DO SO.
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Item 1. Description of Business
Overview
The collectible sports memorabilia market, a multi-billion-dollar industry, is characterized by: (i) a small number of collectors who have the financial means to acquire and financially benefit from blue-chip sports assets and (ii) a large number of sports memorabilia enthusiasts who have equivalent knowledge and passion for such assets, but with limited or no current mechanisms to benefit financially from or enjoy certain benefits of ownership of the asset class in the highest value segment. This dichotomy and the disproportionate access to the upper end of the market have resulted in the creation of latent demand from the enthusiast community to participate more meaningfully in the upper-end of the collectibles market. Simply put, the costs of investing in this asset class are high and transaction volumes are low with few options for liquidity, resulting in longer holding periods.
In creating fractional ownership investment opportunities for collectibles, Collectable aims to provide accessibility and a fully regulated approach to memorabilia ownership.
Market Opportunity
Collectable Sports Assets, LLC has focused and intends to predominantly focus on the sports memorabilia niche.
The collectible sports memorabilia market is opaque and fragmented. We believe there is an opportunity for a company that can develop a platform to make the market more liquid and transparent for investors of all means and backgrounds, and thus increase participation in the asset class overall.
We expect the sports collectibles market to present unique opportunities stemming from hobbyists and investors looking for an uncorrelated alternative asset class.
We believe the overall macroeconomic environment remains favorable for the top-end of these alternative asset classes, including art and collectibles which have historically retained their value over time.
Mission
The Company’s mission is to leverage technology and design, modern business models influenced by the sharing economy, and advancements in the financial regulatory environment to democratize access to the asset class. The Company aims to provide enthusiasts with access to the market by enabling them to create a diversified portfolio of equity interests in the highest quality Collectable Assets through a seamless investment experience.
Collectors and dealers interested in selling their sports memorabilia are expected to benefit from greater liquidity, lower transaction costs and overhead, and a higher degree of transparency as compared to traditional methods of transacting such assets. Auction and consignment models may include upwards of ~20% of asset value in transaction costs, as well as meaningful overhead in terms of asset preparation, shipping and marketing costs, and time value. The Company thus aims to align the interests of buyers and sellers, while opening the market to a significantly larger number of participants than was previously possible, thereby driving market appropriate valuations and greater liquidity.
Business of the Company
An investment in any series of LLC interests (a “Series”) issued by the Company represents an investment in that particular Series and, indirectly, in the sports Collectable Asset owned by that series and does not represent an investment in the Company or the Manager generally. We do not anticipate that any Series will own any assets other than the Underlying Asset associated with such Series. However, we expect that the operations of the Company, including the issuance of additional Series and their acquisition of additional assets, will benefit investors by enabling each Series to benefit from economies of scale. We anticipate that the Company’s core competency will be the identification, acquisition, marketing and management of Underlying Assets for the benefit of the investors. The Company, with the support of the Manager and its affiliates, aims to provide:
● | Investors with access to quality Memorabilia Assets for investment, portfolio diversification and secondary market liquidity for their Interests, although there can be no guarantee that an active secondary market will ever develop. |
● | Asset Sellers with greater market transparency and pricing insights, lower transaction costs, increased liquidity, a seamless and convenient sale process, portfolio diversification and the ability to retain equity positions in assets via the retention of equity interests in offerings. It is our intention to develop methods by which we can “test the waters” as it pertains to pricing and demand for items in consideration, offering an additional layer of price discovery for sellers. |
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Competition
Although the Company’s business model is somewhat new to the memorabilia and collectibles industry, there is potentially significant competition for the Underlying Assets, which the Company securitizes through its offerings, from many different market participants. While the majority of transactions continue to be peer-to-peer with very limited public information, other market players such as memorabilia and collectibles dealers and auction houses continue to play an increasing role.
Most of our current and potential competitors in the memorabilia and collectibles industry, such as dealers and auction houses, have significantly greater financial, marketing and other resources than we do and may be able to devote greater resources sourcing the Underlying Assets that the Company competes for. In addition, almost all these competitors, in particular the auction houses, have longer operating histories and greater name recognition than we do and are focused on a more established business model.
There are also other start-up models around shared ownership of memorabilia and collectibles, developing in the industry, which will result in additional competition for Underlying Assets, including models which securitize ownership through the regulated securities market.
With the continued increase in popularity of the memorabilia and collectibles market, we expect competition for the Underlying Assets to intensify in the future. Increased competition may lead to increased memorabilia and collectibles prices, which will increase the potential value appreciation that interest holders may be able to achieve by owning Interests in the Company’s offerings and will increase the number of high-quality assets the Company can securitize.
In addition, there are companies that are developing crowd funding models for other alternative asset classes such as racehorses, art or wine, who may decide to enter the memorabilia and collectibles as well.
Customers
We target the broader U.S. memorabilia and collectibles enthusiast and the 83.1 million U.S. millennial market (based on 2015 figures by the U.S. Census Bureau) as our key customer bases. Customers may browse the inventory of investable assets and read available content related to each IPO offering without investing. A customer of the Company may become an Investor in a Series by purchasing interests in that offering.
Manager
The Operating Agreement designates the “Manager”, CS Asset Manager, LLC, as the managing member of the Company. CS Asset Manager, LLC is owned by Collectable Technologies, Inc. The Manager will generally not be entitled to vote on matters submitted to the interest holders. The Manager will not have any distribution, redemption, conversion, or liquidation rights by virtue of its status as the Manager.
The Operating Agreement further provides that the Manager, in exercising its rights in its capacity as the managing member, will be entitled to consider only such interests and factors as it desires, including its own interests, and will have no duty or obligation (fiduciary or otherwise) to give any consideration to any interest of or factors affecting the Company, any Series of Interests or any of the interest holders and will not be subject to any different standards imposed by the Operating Agreement, the LLC Act or under any other law, rule or regulation. In addition, the Operating Agreement provides that the Manager will not have any duty (including any fiduciary duty) to the Company, or any Series or any of the interest holders.
In the event the Manager resigns as managing member of the Company, the holders of a majority of all Interests of the Company may elect a successor managing member. Holders of Interests in each Series of the Company have the right to remove the Manager as manager of the Company, by a vote of two-thirds of the holders of all Interests in each Series of the Company (excluding the Manager), in the event the Manager is found by a non-appealable judgment of a court of competent jurisdiction to have committed fraud in connection with a Series of Interests or the Company. If so convicted, the Manager shall call a meeting of all holders of every Series of Interests within 30 calendar days of such non-appealable judgment at which the holders may vote to remove the Manager as manager of the Company and each Series. If the Manager fails to call such a meeting, any interest holder will have the authority to call such a meeting. In the event of its removal, the Manager shall be entitled to receive all amounts that have accrued and are due and payable to it. If the holders vote to terminate and dissolve the Company (and therefore the Series), the liquidation provisions of the Operating Agreement shall apply. The Operating Agreement and all amendments are filed (or incorporated by reference as exhibits to this report). In the event the Manager is removed as manager of the Company, it shall also immediately cease to be manager of any Series.
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Advisory Board
The Manager has assembled an Advisory Board to assist the Manager in identifying and evaluating the Underlying Assets, to assist the Manager in managing the Underlying Assets and to advise the Manager and certain other matters associated with the business of the Company and the various Series of Interests. The members of the Advisory Board are not managers or officers of the Company or any Series and do not have any fiduciary or other duties to the interest holders of any Series.
Operating Expenses
Each Series is only responsible for the Operating Expenses directly associated with such Series, as determined by the Manager and not the Operating Expenses related to any other Series. Upon the Closing of an offering for a Series, the Series will be responsible for the following costs and expenses attributable to the activities of the Company related to the Series:
(i) | any and all ongoing fees, costs and expenses incurred or expected to be incurred in connection with the management of the Underlying Asset related to a Series, including import taxes, income taxes, annual registration fees, transportation (other than transportation costs described in Acquisition Expenses), storage (including its allocable portion of property rental fees should the Manager decide to rent a property to store a number of Underlying Assets), security, valuation, custodianship, marketing, maintenance, refurbishment, presentation, shipping, perfection of title and utilization of an Underlying Asset; | |
(ii) | fees, costs and expenses incurred or expected to be incurred in connection with preparing any reports and accounts of a Series of Interests, including any blue-sky filings required in certain states and any annual audit of the accounts of such Series of Interests (if applicable); | |
(iii) | fees, costs and expenses of a third-party registrar and transfer agent appointed in connection with a Series of Interests; | |
(iv) | fees, costs and expenses incurred or expected to be incurred in connection with making any tax filings on behalf of the Series of Interests; | |
(v) | any indemnification payments; | |
(vi) | any and all insurance premiums or expenses incurred in connection with the Underlying Asset; and | |
(vii) | any similar expenses that may be determined to be Operating Expenses, as determined by the Manager in its reasonable discretion. | |
(viii) | Series closing escrow after May 15, 2022 incur a monthly management fee of not more than 2% of the carrying value of the Collectable Asset. The Carrying Value is calculated monthly based upon the Series’ volume weighted average price (VWAP) value over the preceding month. This only applies to months where the Series was trading for the entirety of the month. | |
(ix) | A disposition fee upon the successful sale of an underlying asset of a Series of up to 5% of the gross sale proceeds. |
The Manager, sometimes referred to as the “Asset Manager” in some documents, has agreed to pay for all Operating Expenses incurred prior and post to the Closing of any of the Series. The Manager will bear its own expenses of an ordinary nature, including all costs and expenses on account of rent (other than for storage of the Underlying Asset), supplies, secretarial expenses, stationery, charges for furniture, fixtures and equipment, payroll taxes, remuneration and expenses paid to employees and utilities expenditures (excluding utilities expenditures in connection with the storage of the Underlying assets).
If the Operating Expenses for a particular Series exceed the amount of revenues generated from the Underlying Asset of such Series and cannot be covered by any Operating Expense reserves on the balance sheet of the Series, the Manager may (a) pay such Operating Expenses and not seek reimbursement, (b) loan the amount of the Operating Expenses to the Series, on which the Manager may impose a reasonable rate of interest, and be entitled to reimbursement of such amount from future gains generated by the Underlying Asset related to such Series, and, or (c) cause additional Interests to be issued in the Series in order to cover such additional amounts.
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Indemnification of the Manager and its affiliates
The Operating Agreement provides that none of the Manager, or its affiliates, nor any current or former directors, officers, employees, partners, shareholders, members, controlling persons, agents or independent contractors of the Manager, members of the Advisory Board, nor persons acting at the request of the Company in certain capacities with respect to other entities (collectively, the “Indemnified Parties”) will be liable to the Company, any Series or any interest holders for any act or omission taken by the Indemnified Parties in connection with the business of the Company or any Series that has not been determined in a final, non-appealable decision of a court, arbitrator or other tribunal of competent jurisdiction to constitute fraud, willful misconduct or gross negligence.
Each Series will indemnify the Indemnified Parties out of its assets against all liabilities and losses (including amounts paid in respect of judgments, fines, penalties or settlement of litigation, including legal fees and expenses) to which they become subject by virtue of serving as Indemnified Parties with respect to the Company or the applicable Series and with respect to any act or omission that has not been determined by a final, non-appealable decision of a court, arbitrator or other tribunal of competent jurisdiction to constitute fraud, willful misconduct or gross negligence.
Management Fee
As consideration for managing each Underlying Asset, the Manager may be paid a monthly Management Fee pursuant to the Asset Management Agreement. On applicable offerings, the Manager may assess a Management Fee of not more than 2% of the Carrying Value of the Collectable Asset. The Carrying Value is calculated monthly based upon the Series’ volume weighted average price (VWAP) value over the preceding month. This only applies to months where the Series was trading for the entirety of the month.
Disposition Fee
The Manager may assess a disposition fee upon the successful sale of an underlying asset of a Series of up to 5% of the gross sale proceeds received by Collectable.
Asset Selection
Each of the assets that we offer will be sourced by our expert investment committee and will satisfactorily meet our four BASE criteria: Benchmarks, Authenticity, Significance, Earnings Potential. For each criterion, we will examine the following factors:
● | Benchmarks: realized prices at auction, sell-through rate indicators, if demand is expected to exceed supply. |
● | Authenticity: reputable source, recently and reliably graded, certified authenticity. |
● | Significance: importance to sports history, continued cultural relevance, collector and investor opinions, macro market trends. |
● | Earnings Potential: Prospected appreciation, market momentum, liquidity, frequency of sales, purchase price and terms. |
It is our objective to acquire a diverse collection of top tier sports collectibles. We will pursue investments opportunistically whenever we can leverage our industry-specific knowledge, unique sourcing angle or our relationships to bring compelling investment opportunities to investors. We aim to acquire quality assets and to appropriately maintain, monitor and manage the collection for continued value appreciation and to enable respectful enjoyment and utilization by the investors and potential losses.
We anticipate that our Advisory Board will assist in the identification of memorabilia assets and in finding and identifying storage, maintenance specialists and other related service providers. This will give the Company access to the highest quality assets and balanced information and decision making from information collected across a diverse set of constituents in the asset class, as well as a network of partners to ensure the highest standards of care for the Underlying Assets.
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Our asset selection criteria were established by the Manager and in the future with the consultation of members of the Company’s Advisory Board and are continually influenced by Investor demand and current industry trends. The criteria are subject to change from time to time in the sole discretion of the Manager. Although we cannot guarantee positive investment returns on the Underlying Assets we acquire, we endeavor to select assets that are projected to generate positive return on investment, primarily based upon the asset’s value appreciation potential as well as value preservation potential. The Manager, with guidance from the members of the Company’s Advisory Board, will endeavor to only select assets with known ownership history, certificates of authenticity, and highest possible quality grades, to the extent that such metrics exist in a particular sub-sector (e.g., trading cards) and other related records. The Manager, with guidance from members of the Company’s Advisory Board, also considers the condition of the assets, historical significance, ownership history and provenance, the historical valuation of the specific asset or comparable assets and our ability to relocate the asset to offer tangible experiences to investors. The Manager, with guidance from members of the Company’s Advisory Board, will review asset selection criteria at least annually. The Manager intends to seek approval from the Advisory Board for any major deviations from these criteria.
Through the Company’s network, the Manager and Advisory Board, we believe that we will be able to identify and acquire Underlying Assets of the highest quality and known provenance, as well as examples of potential “future classics,” and obtain proprietary access to limited production runs, with the intent of driving returns for investors in the Series of Interests that owns the applicable asset. We aim to bring together a significantly larger number of potential buyers with Asset Sellers than traditional auction houses or dealers are able to achieve. Through this process, we believe we can source and syndicate Underlying Assets more efficiently than the traditional method in the asset class and with significantly lower transaction and holding costs.
Asset Acquisition
The Company plans to acquire Underlying Assets through various methods:
1. | Consignment – the Company enters into an agreement with an Asset Seller to market an Underlying Asset. The owner of the Underlying Asset, the “consignor,” retains full ownership of the Underlying Asset until the related Series closes. Upon closing the Series, the consignor will be paid the consignment price established by the consignor. | |
2. | Upfront purchase – the Company acquires an Underlying Asset from an Asset Seller prior to the launch of the offering related to the Series. | |
3. | Purchase agreement – the Company enters into an agreement with an Asset Seller to acquire an Underlying Asset, which may expire prior to the closing of the offering for the related Series, in which case the Company is obligated to acquire the Underlying Asset prior to the closing. |
In the case where an Underlying Asset is acquired prior to the launch or closing, as the case may be, of the offering process for the related Series, the proceeds from the associated offering, net of any brokerage fee, offering expenses or other Acquisition Expenses or Sourcing Fee, may be used, in whole or in part, to reimburse the Company for the acquisition of the Underlying Asset or repay any loans made to the Company, plus applicable interest, to acquire such Underlying Asset.
Additional details on the acquisition method for each Underlying Asset can be found in the offering circulars of each respective Series.
Asset Liquidity
The Company will be actively seeking liquidity for most or all assets sold as fractionalized offerings. Should an offer to liquidate an Underlying Asset materialize and be in the best interest of the investors, as determined by the Manager, the Manager, with guidance from the Advisory Board, will consider the merits of such offers on a case-by-case basis and potentially sell the asset. Additionally, the Manager may seek liquidity for certain assets by soliciting sales or entering an asset for auction. In February of 2021, the Company launched secondary trading for Collectable Assets on the ATS platform of Templum Markets and DriveWealth, LLC. Liquidity for investors may be obtained through this platform, when available, offering investors live bids and offers during trading hours designed to match the US equity markets. Liquidity has also been obtained through outright purchases of the underlying asset to the offering, effectively retiring the offering from the Collectable platform. As a result of a sale under any circumstances, the Manager would distribute the proceeds of such sale (together with any insurance proceeds in the case of a catastrophic event covered under the asset’s insurance contract) to the interest holders of the applicable Series (after payment of any accrued liabilities or debt, including but not limited to balances outstanding under any Operating Expenses Reimbursement Obligation, on the Underlying Asset or of the Series at that time).
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Facilities
The Manager intends to operate the Company and manage the collection in a manner that will focus on the ongoing security of all Underlying Assets. The Manager will store the Underlying Assets, along with other assets, in a professional facility and in accordance with standards commonly expected when managing Underlying Assets of equivalent value and always as recommended by the Advisory Board.
Legal Proceedings
Discussion of the any pending or threatened litigation is presented in Note 7 to the Financial Statements, and is incorporated by reference herein.
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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
2021 was the Company’s first full year of operations. The Company acquired Assets to consign, successfully closed escrow on (159) one hundred fifty-nine offerings, launched secondary trading capability for investors, and sold (13) thirteen assets off the platform.
During 2022, the Company acquired assets to consign, successfully closed escrow on (71) seventy-one Reg A offerings and (1) one Reg D offering and sold (14) fourteen assets off the platform.
The table below shows the series that have closed as of December 31, 2021.
Series Name | Asset Name | Escrow Close Date | ||
#KAWHIBASKET | ’12 Prizm RC Basket PSA 10 - 30x | 1/8/2021 | ||
#GIANNISRPA | 2013 NT RPA PSA 9 | 1/8/2021 | ||
#DURANTCHROMEREFRACTORPSA10 | Chrome Refractor RC PSA 10 | 1/11/2021 | ||
#MANTLE1952BOWMANPSA8 | 1952 Bowman PSA 8 | 1/12/2021 | ||
#CHAMBERLAINHSUNIFORM | ’54 High School Uniform | 1/14/2021 | ||
#18-19BASKETBALLGROWTHBASKET | ’18-’19 Prizm Silver PSA 10 Basket | 1/15/2021 | ||
#MAHOMESEMERALDRPABGS9 | ’17 Flawless RPA BGS 9 | 1/25/2021 | ||
#LEBRONBLACKREFRACTOR | ’03 Black Refractor BGS 9.5 | 1/28/2021 | ||
#MAGICBIRDDRJ | ’80 Topps Scoring Leader PSA 10 | 2/2/2021 | ||
#KOUFAX1955PSA8.5 | 1955 Topps #123 PSA 8.5 | 2/16/2021 | ||
#JORDAN85NIKEBASKET | 50x ’85 Nike Promo Basket | 2/16/2021 | ||
#BRADYREEBOKFLAWLESS | ’19 Panini Flawless Veteran | 2/16/2021 | ||
#BANKS1954PSA9 | 1954 Topps PSA 9 | 2/16/2021 | ||
#EMMITTSMITHMVPBASKET | Two MVP Trophies | 2/16/2021 | ||
#1986WAX | 1986 Fleer Basketball | 2/16/2021 | ||
#ZIONRPABGS9 | ’19-’20 NT RPA BGS 9 | 2/16/2021 | ||
#TIGERPUTTER | Late 1990’s Tournament Used Putter | 2/17/2021 | ||
#BRADYROOKIE | ’00 SP Auth. PSA 10 | 2/17/2021 | ||
#EMMITTSMITH10KJERSEY | 10K Yard Rushing Full Uniform | 2/22/2021 | ||
#COBBMINTE98 | 1910 E98 Card PSA Gem Mint 10 | 2/22/2021 | ||
#JORDANROOKIEJERSEY | Game Worn & Signed Rookie Jersey | 3/1/2021 | ||
#UNITAS1965JERSEY | 1965 Game Worn Baltimore Colts Jersey | 3/9/2021 | ||
#MANTLE1952TOPPSPSA8 | 1952 Topps #311 PSA 8 | 3/9/2021 | ||
#2000PLAYOFFCONTENDERSWAX | Factory Sealed Hobby Box | 3/10/2021 | ||
#GIANNISGOLDIMMACULATE | ’13-’14 Immaculate Gold BGS 9 | 3/15/2021 | ||
#MOOKIEBETTSGLOVE | ’18 Gold Glove & MVP Season Glove | 3/17/2021 | ||
#DONCICBLUEPSA10 | ’18-’19 Prizm Blue Refractor PSA 10 | 3/22/2021 | ||
#TIGERSIFORKIDS | ’96 SI For Kids PSA 10 | 3/22/2021 | ||
#GLEYBERTORRESORANGE9.5 | ’15 Bowman Chrome Orange Refractor RC BGS 9.5 | 3/25/2021 | ||
#TATUMFLAWLESS10 | ’17 Panini Flawless RPA PSA 10 | 3/30/2021 | ||
#TEDWILLIAMS1939PLAYBALL | 1939 Play Ball RC PSA 8 | 3/30/2021 | ||
#MAGICBIRDDRJPSA8BASKET | 1980 Scoring Leaders Basket - 2x | 4/1/2021 | ||
#TRAEYOUNGFLAWLESSBGS9 | ’18 Flawless RPA BGS 9 | 4/1/2021 | ||
#MAYS1951PHOTO | 1951 Bowman Original Photo | 4/1/2021 | ||
#DWADEULTIMATE | ’03 Ultimate Auto RC BGS 10 | 4/2/2021 | ||
#ACUNAGOLD9.5 | ’17 Gold Refractor BGS 9.5 | 4/8/2021 | ||
#BRADYPLAYOFFCONTENDERSBASKET | 2x ’00 Playoff Contenders BGS 9 | 4/8/2021 | ||
#GRETZKYOPEECHEE1979 | 1979 O-Pee-Chee PSA 9 | 4/8/2021 | ||
#COBBVINTAGET206PHOTO | T206 Original Photo c1910 | 4/9/2021 | ||
#MAYS1960PSA9 | 1960 Topps PSA 9 | 4/12/2021 | ||
#WILTCHAMBERLAIN61PSA9 | 1961 Fleer Rookie Card PSA 9 | 4/14/2021 | ||
#BETTSBLUEREFRACTORBASKET | ’14 Blue Refractor Basket - 2x | 4/15/2021 | ||
#SEAGERORANGEREFRACTORBASKET | Orange Refractor RC Basket - 2x | 4/15/2021 | ||
#LEBRONMELOWADETRIORC | ’03 Fleer Crystal Trio RC PSA 10 | 4/15/2021 |
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#1969TOPPSBASKETBALLSET | Complete Set - 8.995 GPA | 4/16/2021 | ||
#FRANKROBINSON1957PSA9BASKET | ’57 Topps Rookie Card Basket - 2x | 4/21/2021 | ||
#MONTANARCPSA10 | ’81 Topps PSA 10 | 4/21/2021 | ||
#LEBRONEMBLEMSOFENDORSEMENT | ’04 Exquisite Emblems of Endorsement BGS 9 | 4/23/2021 | ||
#MANTLE1956PSA8BASKET | 2x 1956 Topps PSA NM-MT 8 | 4/26/2021 | ||
#CROSBYTHECUPBASKET | The Cup RC Basket BGS 9.5 & BGS 9 | 4/28/2021 | ||
#AARON1954PSA8.5 | ’54 Topps RC PSA 8.5 | 4/28/2021 | ||
#OVECHKINTHECUPBGS8.5 | ’05-’06 The Cup RPA BGS 8.5 | 4/29/2021 | ||
#MESSIROOKIEBASKET | Rookie Card Basket | 4/30/2021 | ||
#RODGERSPLAYOFFCONTENDERSGREEN | ’05 Playoff Contenders RC PSA 8 | 5/3/2021 | ||
#JOSHALLENGOLDBGS9.5 | ’18 Gold Refractor BGS 9.5 | 5/6/2021 | ||
#MAYS1959PSA9BASKET | ’59 Topps Basket PSA 9 - 2x | 5/6/2021 | ||
#ANDRETHEGIANT | Game Used Jockstrap | 5/6/2021 | ||
#MARINOMANNINGFAVREJERSEYS | Game Used Jersey Basket | 5/7/2021 | ||
#CURRYRPABGS9.5 | ’09 NT RPA BGS 9.5 | 5/12/2021 | ||
#TIGERSPAUTHENTICBGS9.5 | ’01 SP Authentic BGS 9.5 | 5/13/2021 | ||
#YASTRZEMSKIRC9BASKET | ’60 Rookie Card Basket - 2x | 5/17/2021 | ||
#MANTLE1968PSA9BASKET | 1968 Topps PSA 9 Basket - 2X | 5/17/2021 | ||
#ELWAY1984ROOKIECARDPSA10BASKET | 1984 Topps RC Basket PSA 10 - 2X | 5/17/2021 | ||
#JETERFOILRCBASKETBGS9.5 | 1993 SP FOIL RC Basket BGS 9.5 | 5/17/2021 | ||
#GARYCARTER1975PSA10BASKET | ’75 Topps & OPC RC Basket - 2X | 5/18/2021 | ||
#ANDRE&HULKWRESTLINGBASKET | Wrestle Mania Basket | 5/18/2021 | ||
#MLBHALLOFFAMEBASEBALL | 11 Original Inductees Signed Ball | 5/18/2021 | ||
#JORDANSIGNEDPROFESSIONALBAT | ’94 Game Used & Signed Bat | 5/19/2021 | ||
#TATISBOWMANBLACKLABEL | ’16 Bowman Blue Refractor BGS 10 | 5/20/2021 | ||
#CLEMENTEWHITE&GRAYBASKET | ’56 Topps Basket PSA 9 - 2X | 5/24/2021 | ||
#MAYS1951BOWMAN7 | 1951 Bowman PSA 7 | 5/26/2021 | ||
#LEBRONULTIMATE | ’03 Ultimate BGS 9.5 | 5/26/2021 | ||
#BETTSGOLDREFRACTORBASKET | ’14 Gold Refractor Basket BGS 9.5 | 5/26/2021 | ||
#TYSONRCBGS9BASKET | Supersport RC Basket BGS 9 - 2X | 5/26/2021 | ||
#MIKANRCPHOTO | ’48 Bowman RC Original Photo | 5/26/2021 | ||
#KOUFAX55PSA9 | 1955 Topps Rookie Card PSA 9 | 5/26/2021 | ||
#RUTH33GOUDEYSGC8 | 1933 Goudey #144 SGC 8 | 5/27/2021 | ||
#MAYS1956GRAYPSA9 | ’56 Topps Gray Back PSA 9 | 5/27/2021 | ||
#JORDANEXQUISITEBGS8 | ’07-’08 Exquisite Collection BGS 8 | 6/1/2021 | ||
#MAHOMESIMMACULATE1OF1 | ’17 Panini Immaculate 1/1 | 6/1/2021 | ||
#MANTLE54BOWMANBASKET | 1954 Bowman PSA 8 Basket - 3x | 6/3/2021 | ||
#DEVERSSUPERFRACTOR | ’15 Bowman Chrome Superfractor | 6/4/2021 | ||
#MAHOMESNT8.5 | ’17-’18 National Treasures RPA | 6/4/2021 | ||
#MAGICBIRDLOGOMAN | ’04-’05 Dual Logoman BGS 9 | 6/4/2021 | ||
#1964KOUFAXJERSEY | ’64-65 Game Used Dodgers Jersey | 6/4/2021 | ||
#MESSIMEGACRACKS#71PSA9 | ’04 Panini Sports Mega Cracks #71 PSA 9 | 6/8/2021 | ||
#CLEMENTE1955PSA8 | 1955 Topps PSA 8 | 6/8/2021 | ||
#OZZIESMITHRCBGS9.5 | 1979 Topps BVG 9.5 Rookie Card | 6/8/2021 | ||
#CHAMBERLAINPHILAJERSEY59-60 | ’59-’60 Rookie Home Full Uniform | 6/9/2021 | ||
#RICKEYHENDERSONRCPSA10 | 1980 Topps RC PSA10 | 6/10/2021 | ||
#JORDANLEBRONSIGNOFTHETIMES | ’05-’06 Sign of the Times Dual | 6/14/2021 | ||
#DIMAGGIO1933BAT | 1933 Game Used Bat - Earliest Known PSA Bat | 6/17/2021 | ||
#JOKICREFRACTOR1OF1 | ’15-’16 Prizms Power RC BGS 9.5 | 6/18/2021 | ||
#MANTLE1960PSA9 | 1960 Topps #350 PSA 9 | 6/25/2021 | ||
#MAYS1952PSA8 | 1952 Topps PSA 8 | 6/25/2021 | ||
#KOBEREEBOKIVERSONRETROS | Game Worn & Signed 1/1 Sneakers | 7/7/2021 | ||
#TRAEYOUNGFLAWLESSGREENBGS9 | ’18-’19 Flawless Green BGS 9 | 7/8/2021 | ||
#LEBRONMELODUALLOGOMAN | ’04-’05 Dual NBA Logoman BGS 9 - 1 of 1 | 7/8/2021 | ||
#MPJCHAMPIONSHIPTICKET | ’18-’19 Championship Ticket Auto BGS 9 (#1/1) | 7/9/2021 | ||
#LUKAROOKIEJERSEY | Rookie Game Worn Jersey - 9 games | 7/13/2021 | ||
#DONOVANMITCHELLNT9.5 | ’17-’18 NT RPA BGS 9.5 | 7/20/2021 | ||
#LUKAWHITESPARKLE | ’18 White Sparkle PSA 9 - 1/1 | 7/23/2021 | ||
#JORDANLEBRONMAGICTRIPLESIGS | ’05-’06 Triple Authentic Signatures BGS 9.5 | 8/5/2021 | ||
#ACUNABOWMAN10BASKET | ’17 Bowman Basket BGS 10 - 4X | 8/9/2021 |
8
#THEROCKBUMBLEBEEPSA10 | ’94 Miami/Bumble Bee Perforated PSA 10 | 8/10/2021 | ||
#ALIROOKIECARDBVG8 | ’60 Hemmets Journal Rookie Card BVG 8 | 8/10/2021 | ||
#JORDANMAGICLEBRONTRIPLEAUTOJERSEY | ’07-’08 Exquisite Triple Jersey Patch Auto /3 BGS 9 | 8/11/2021 | ||
#03TOPPSCHROMEWAX | Factory Sealed Unopened Box | 8/12/2021 | ||
#SADAHARUOHBAT | Japanese & English Signed Game Used Bat - PSA/DNA 10 | 8/12/2021 | ||
#BRADYBOWMAN10 | 2000 Bowman Chrome BGS 10 Pristine | 8/12/2021 | ||
#SERENA03NETPROPSA10BASKET | ’03 NetPro Elite 2000 PSA 10 Basket - 2X | 8/12/2021 | ||
#CLEMENTE65-68BAT | ’65-’68 Game Used H&B Bat - PSA/DNA GU 9 | 8/13/2021 | ||
#ZIONPRIZMSBLUEBGS10 | 2019 Panini Prizm Blue Refractor BGS 10 | 8/17/2021 | ||
#03EXQUISITEBOX | Sealed Hobby Box | 8/23/2021 | ||
#FRANKROBINSON500HRBAT | Historic 500th Home Run Bat | 8/31/2021 | ||
#MANTLE1953TOPPS8 | 1953 Topps PSA 8 | 9/7/2021 | ||
#1909E95SGCSET | 1909 Philadelphia Caramel E95 Set | 9/7/2021 | ||
#SATCHELPAIGE48LEAFSGC30 | 1948-49 Leaf SGC 30 (PWCC-A) | 9/7/2021 | ||
#RUTH1914BALTIMORENEWSSGC3 | 1914 Baltimore News SGC 3 | 9/23/2021 | ||
#JACKIEROBINSON53TOPPS8 | 1953 Topps #1 PSA 8 | 9/23/2021 | ||
#KEVINDURANTHSJERSEY | ’05-’06 Montrose Christian High School Jersey - Photomatched | 9/23/2021 | ||
#JIMMIEFOXX1938BAT | ’36-’37 Game Used & Signed Bat - PSA/DNA 9.5 | 9/23/2021 | ||
#TIMDUNCANPMGGREEN | ’97-’98 Precious Metal Gems - BGS 8 | 9/23/2021 | ||
#KOBEFINALSEASONSNEAKERS | Final Season Game Worn Sneakers vs. Spurs | 9/23/2021 | ||
#MIKAN48BOWMANPSA7 | 1948 Bowman #69 PSA 7 | 9/23/2021 | ||
#UNITASPSA8 | 1957 Topps #138 PSA 8 | 9/23/2021 | ||
#ERLINGHAALANDPSA10BASKET | ’19 Topps Chrome Bundesliga PSA 10 Basket - 10x | 9/27/2021 | ||
#JUSTINHERBERTHIDDENTREASURERPA | ’20 National Treasures Hidden Treasures RPA /5 BGS 9 | 9/27/2021 | ||
#TREVORLAWRENCELEAFBASKET | ’21 Leaf Pro Set SGC Gold Basket - 20x | 9/27/2021 | ||
#KOBEBRYANTFIRSTWHITE#24JERSEY | Debut White #24 Jersey - Scoring Title Season | 9/30/2021 | ||
#48LEAFRUTHSGC8 | 1948 Leaf Babe Ruth SGC 8 (PWCC-A) | 9/30/2021 | ||
#KOBEBRYANTROYALBLUEJORDANSNEAKERS | Game Worn French Blue Jordan 12 Retro Sneakers | 9/30/2021 | ||
#MARIS58TOPPSPSA9 | 1958 Topps RC PSA 9 | 9/30/2021 | ||
#MANTLE1964TOPPS9 | 1964 Topps PSA 9 | 9/30/2021 | ||
#LEBRONBLACKDIAMOND | ’03-04 UD Black Diamond Rainbow /10 BGS 9.5 | 9/30/2021 | ||
#PEYTONMANNINGMVPHELMET | ’03-’04 MVP Season Worn Helmet - Photomatched | 10/1/2021 | ||
#KOBEBRYANTROOKIESNEAKERS | ’96 Rookie Game Worn & Signed Sneakers | 10/1/2021 | ||
#CHRISBOSHGAMEWORNRAPTORSSNEAKERS | ’06-’07 Air Force 25 Game Worn Sneakers - Signed | 10/19/2021 | ||
#PAULPIERCE2010ASGJERSEY | 2010 All Star Game Jersey - Photomatched | 10/19/2021 | ||
#MAYWEATHERRCPSA10 | 1997 Brown’s Boxing PSA 10 | 10/20/2021 | ||
#JACKIELEAF3.5 | 1948 Leaf #79 PSA 3.5 PWCC-E | 10/25/2021 | ||
#TROUTFINESTSUPERFRACTOR | ’11 Finest Superfractor 1/1 | 10/25/2021 | ||
#MANTLE1957TOPPSPSA8.5 | 1957 Topps #95 PSA 8.5 NM-MT+ | 10/25/2021 | ||
#ORANGEDOMINGUEZ | ’20 Bowman Chrome Orange Refractor BGS 9.5 | 10/26/2021 | ||
#LBJEXQUISITE | ’03 Exquisite RPA /99 BGS 8.5 | 10/28/2021 | ||
#MANTLE1966TOPPSPSA9BASKET | 1966 Topps #50 PSA 9 Basket - 2x | 11/1/2021 | ||
#GIANNIS48POINTGAMESNEAKERS | ’19 48-point Game Used and Signed Sneakers | 11/1/2021 | ||
#NEGROLEAGUELEGENDARYCUTSBASKET | Signed & Rare Negro League Basket | 11/1/2021 | ||
#LEBRONMELOBOSH2008TRIPLELOGOMAN | ’08 UD Exquisite Triple Logoman 1/1 | 11/1/2021 | ||
#CHICAGOBULLSDYNASTYHARDWOOD | ’95-’98 Bulls Bench Game Used Hardwood Floor | 11/3/2021 | ||
#JACKIEROBINSON1952TOPPSPSA8.5 | 1952 Topps #312 PSA 8.5 | 11/3/2021 | ||
#CRISTIANORONALDORC1OF1 | ’14 Panini Prizm World Cup Signatures BGS 9 | 11/8/2021 | ||
#MAHOMESNT1OF1 | ’17 National Treasures ‘Laundry Tag’ RPA - 1 of 1 | 11/16/2021 | ||
#MANTLE1953BOWMAN8BASKET | 1953 Bowman PSA 8 Basket - 2x | 11/18/2021 | ||
#BRADYCHAMPIONSHIPTICKET | ’00 Playoff Contenders Championship Ticket / 100 BGS 8.5 | 11/23/2021 | ||
#STEPHCURRYSNEAKERS | ’12-’13 Nike Player Exclusive Game Worn Sneakers - 8 games | 11/29/2021 | ||
#EDDIEPLANKT206PSA4 | 1909-1911 T206 Sweet Caporal PSA 4 | 11/30/2021 | ||
#MAHOMESBRONZEBASKET | ’17 Prizm Bronze Stars /6 Basket BGS 9 (2x) | 11/30/2021 | ||
#MICHAELPORTERJRBASKET | ’18 Fast Break Black BGS 9.5 & Pink Pulsar PSA 10 | 11/30/2021 |
9
The table below shows the Reg A Series that have closed in 2022 as of December 31, 2022.
Series Name | Asset Description | Escrow Close | ||
#ALKALINE1954TOPPSPSA9 | 54 Topps RC PSA 9 | 1/4/2022 | ||
#HARMONKILLEBREW1955TOPPSPSA9 | 55 Topps RC PSA 9 | 1/4/2022 | ||
#1959TOPPSBASEBALLSET | Complete Set - PSA 8s with 9 variations | 1/6/2022 | ||
#GRETZKY1979TOPPS9 | 79 Topps RC PSA 9 | 1/6/2022 | ||
#ALEXRODRIGUEZ09WSUNIFORM | 09 World Series Game Worn & Signed Uniform | 1/6/2022 | ||
#JORDAN86FLEERBGS9.5BASKET | 86 Fleer RC BGS 9.5 Basket (2x) | 1/6/2022 | ||
#SHOELESSJOEJACKSON1915PSA8 | 15 M101-5 Sporting News PSA 8 (OC) | 1/6/2022 | ||
#KOBEBRYANT2001WARMUPJACKET | 00-01 1st Ring Ceremony & NBA Finals Game Worn Jacket | 1/28/2022 | ||
#KAREEMPOINTSRECORDBALL | 89 NBA Record 38387 Point Signed Game Ball | 2/3/2022 | ||
#LOUGEHRIGRCPHOTO | 25 Exhibit Rookie Card Image - Type III Photo | 2/7/2022 | ||
#SANDYKOUFAX1956TOPPSGRAYBACKPSA9 | 56 Topps Gray Back PSA 9 | 2/14/2022 | ||
#LBJKOBETOPPSBASKET | Topps Rookie Card Basket - BGS 10 (2x) | 2/14/2022 | ||
#RONALDO2003PANINIMEGACRAQUESPSA10 | 03 Panini Mega Craques RC PSA 10 | 2/16/2022 | ||
#OTTOGRAHAM1950BOWMANPSA9 | 1950 Bowman PSA 9 | 2/18/2022 | ||
#KOBELEBRONJORDANMAGICQUADAUTO | 07 UD Black Quad Auto BGS 7 #d /10 | 2/28/2022 | ||
#BOBBYORRBRUINSJERSEY | 70-71 Boston Bruins Game Worn Jersey - Photomatched | 2/28/2022 | ||
#MARINO1984ROOKIECARDBGS10BASKET | 84 Topps RC BGS 10 Basket (2x) | 3/3/2022 | ||
#NTBBALLWAXBUNDLE | Sealed Case Basket (3x) | 3/5/2022 | ||
#BABERUTHBOWSOUTPHOTO | 48 Babe Bows Out Pulitzer Prize Winning Type 1 Photo | 3/7/2022 | ||
#OSCARROBERTSONCINCINNATIROYALSJERSEY | 60-62 Game Worn Rookie Jersey - MEARS A10 | 3/8/2022 | ||
#BRADY2000SPXSPECTRUMBGS9.5 | 00 SPx Spectrum RC BGS 9.5 #d /25 | 3/9/2022 | ||
#BRADYDEBUTTICKET | 00 NFL Debut Full Ticket PSA 7 | 3/9/2022 | ||
#LUKADONCICGUROOKIESNEAKERS | 19 Game Worn & Signed Sneakers - Photomatched (5 Games) | 3/22/2022 | ||
#WARRENSPAHN1948LEAFPSA9 | 48 Leaf #32 PSA 9 | 3/22/2022 | ||
#MLBALLSTARGAMETICKETRUNCOLLECTION | 33-19 MLB Ticket Basket - PSA Graded | 3/30/2022 | ||
#ROYCAMPANELLA1949BOWMANPSA9 | 49 Bowman RC PSA 9 | 3/31/2022 | ||
#WILTCHAMBERLAIN1961FLEERRCPSA9 | 61 Fleer RC PSA 9 | 4/1/2022 | ||
#MANTLE52TOPPSPSA7 | 52 Topps PSA 7 | 4/2/2022 | ||
#DAVEBINGSIGNED50GREATESTNBAPLAYERSLITHOGRAPH | 97 Exclusive Player Edition - Dave Bing #d 1/1 | 4/4/2022 | ||
#KOUFAXPSA8 | 55 Topps RC PSA 8 | 4/6/2022 | ||
#JORDANFLEER86SGC10 | 86 Fleer RC SGC 10 | 4/6/2022 | ||
#OVECHKINSPAUTHBASKET9.5 | 05 SP Authentic RC BGS 9.5 Basket (2x) #d /999 | 4/6/2022 | ||
#JORDANEXQUISITE8.5FLASHBACK | 09 Exquisite Rookie Flashback Patch Auto BGS 8.5 #d /23 | 4/6/2022 | ||
#LEBRONCREDENTIALS | 03 Fleer E-X Essential Credentials Now RC BGS 9.5 MBA #d /102 | 4/6/2022 | ||
#MANTLE1967TOPPS9 | 67 Topps PSA 9 (PWCC-A) | 4/6/2022 | ||
#HONUSWAGNER1910PSA5 | 10 Tip Top Bread PSA 5 | 4/7/2022 | ||
#LEBRONROOKIESHOES | 03 Game Worn Rookie Sneakers - Photomatched to 3 Games | 4/7/2022 | ||
#MAGICBIRDDRJ1980PSA9 | 80 Topps RC PSA 9 | 4/7/2022 | ||
#AARONDECADEBASKET | 61 to 71 Topps Basket PSA 9s & 8.5s (11x) | 4/7/2022 | ||
#GRIFFEY89UPPERDECKSGCGOLD | 89 Upper Deck RC SGC 10 Pristine Gold Label | 4/7/2022 |
10
#PAULMOLITOR1978TOPPSPSA10 | 78 Topps RC PSA 10 | 4/11/2022 | ||
#NOLANRYAN1968MILTONBRADLEYPSA9 | 68 Milton Bradley RC PSA 9 | 4/11/2022 | ||
#MANTLE1965TOPPS9 | 65 Topps PSA 9 | 4/11/2022 | ||
#CROSBYWINTERCLASSICSKATES | 10-11 Game Worn & Signed Winter Classic Skates - Photomatched | 4/15/2022 | ||
#RONALDO2002PANINIFUTEBOLSTICKERSPSA10 | 02 Panini Portugal Stickers RC PSA 10 | 4/18/2022 | ||
#CASSIUSCLAYSONYLISTONUPITYPE1 | 65 vs. Liston Original Type I Photo | 4/21/2022 | ||
#KOBEBLACKHISTORYMONTHFINAL SEASONSHOES | 16 Game Worn Black History Month Sneakers - Photomatched | 4/25/2022 | ||
#NADALNETPROGLOSSY | 03 NetPro Elite Glossy PSA 10 | 4/25/2022 | ||
#MANTLEDEBUTSTUB | 51 MLB Debut Ticket Stub PSA Auth. | 4/26/2022 | ||
#YAODUNCANDIRKTRIPLELOGOMAN | 06 Exquisite Triple Logoman #d 1/1 | 4/26/2022 | ||
#EMBIIDFIRST50POINTGAMEJERSEY | 21 50-Point Game Worn Jersey - Photomatched | 4/27/2022 | ||
#MANTLE1969TOPPS9 | 69 Topps PSA 9 | 4/27/2022 | ||
#RIPKENROOKIEJERSEY&CARDBASKET | 81-82 Game Worn & Signed Jersey - Photomatched to Topps RC | 5/2/2022 | ||
#TIGERWOODSDEBUTTICKET | 96 Greater Milwaukee Open Pro Debut Full Ticket - PSA 8 | 5/12/2022 | ||
#BRADY01TICKETBOOKLET | 01 Season Ticket Booklet - Replaces Bledsoe first NFL Start & Win | 5/13/2022 | ||
#1980TOPPSBASKETBALLWAX | Unopened Box Basket (2x) - BBCE | 5/19/2022 | ||
#PELE1958AMERICANAPSA3 | 58 Americana Ltda. PSA 3 | 5/19/2022 | ||
#CHARLESBARKLEYSUNSJERSEY | 94 Playoff Career-High 56 Point Game Worn Jersey - Photomatched | 6/1/2022 | ||
#96SKYBOXE-X2000WAX | Unopened Box Basket (3x) | 6/1/2022 | ||
#BELLINGERORANGEBGS9.5 | 15 Bowman Chrome Orange Refractor BGS 9.5 #d /25 | 6/1/2022 | ||
#TIGER1STEVENTSTUB | 92 LA Open Full Ticket PSA 6 - 1st PGA Event | 6/1/2022 | ||
#HAMILTONCHROMEORANGESAPPHIRE | 20 Topps Chrome F1 Sapphire Orange PSA 9 #d /25 | 6/23/2022 | ||
#OVECHKINTHECUPBGSGEMMINT9.5 | 05 The Cup 4-Color RPA BGS 9.5 #d /99 | 7/6/2022 | ||
#MANTLE51BOWMANSGC7 | 51 Bowman RC SGC 7 | 8/3/2022 | ||
#49BOWMANJACKIEAUTO | 49 Bowman PSA Auth./8 Auto | 8/12/2022 | ||
#CURRYGOLDTOPPSPSA10 | 09 Topps Gold RC PSA 10 #d /2009 | 8/23/2022 | ||
#ERUZIONE1980MIRACLEONICEGOLDJERSEY | 1980 Mike Eruzione Team USA Hockey Gold Medal Game Jersey | 8/30/2022 | ||
#NOLANRYAN1968TOPPSPSA8.5 | 68 Topps RC PSA 8.5 | 8/30/2022 | ||
#DURANT07-08EXQUISITELIMITEDLOGOSBGS9.5 | 07 Exquisite Limited Logos RPA BGS 9.5 #d /50 | 9/6/2022 | ||
#GRETZKY1981SPORTSILLUSTRATEDCOVERCGC9.4 | 81 Sports Illustrated Newsstand 1st Cover CGC 9.4 | 10/4/2022 | ||
#TATUMFLAWLESSGOLDBGS9.5 | 17 Panini Flawless Gold RPA BGS 9.5 #d /10 | 10/4/2022 |
Additionally, CSA closed one Reg D offering in 2022, #KOBE1997AIRBALLGAMEUSEDSHOES. Pursuant to the regulations, this offering was not qualified under an offering statement.
No Series have closed escrow in 2023.
11
Impaired Assets
The Manager annually evaluates each asset’s carrying value compared to the current market value of the asset to determine if an adjustment is needed to be recorded, in accordance with the accounting principles generally accepted in the United States of America. For 2021, to measure the value of assets and test for impairment the Company used the market capitalization of the Asset based on the average of the market closing price for the last five Fridays of the year. For 2022, to measure the value of the assets and test for impairment the Company used the market capitalization based on the VWAP (Volume Weighted Average Price) as of December 2022, which the Company feels more accurately represents the Asset’s public value.
The following table sets forth the Series which met the criteria for impairment in 2021 and 2022. In 2021, (10) ten items recorded a total impairment of $190,891, and in 2022, (169) one hundred and sixty-nine items recorded a total impairment of $13,001,234.
2021 | 2022 | |||||||||||||||||||||||||
Series Name | Escrow Closing Date | Beginning of Year Cost Basis | Impairment Recognized | End of Year Cost Basis | Beginning of Year Cost Basis | Impairment Recognized | End of Year Cost Basis | |||||||||||||||||||
#JACKIEROBINSONAUTOBAT | 21-Dec-20 | 81,899 | (12,646 | ) | 69,252 | |||||||||||||||||||||
#KAWHIBASKET | 08-Jan-21 | 69,570 | (11,131 | ) | 58,439 | 58,439 | (42,028 | ) | 16,411 | |||||||||||||||||
#DURANTCHROMEREFRACTORPSA10 | 11-Jan-21 | 13,100 | (2,456 | ) | 10,644 | |||||||||||||||||||||
#18-19BASKETBALLGROWTHBASKET | 15-Jan-21 | 43,682 | (21,602 | ) | 22,081 | |||||||||||||||||||||
#LEBRONBLACKREFRACTOR | 28-Jan-21 | 134,860 | (54,866 | ) | 79,994 | |||||||||||||||||||||
#1986WAX | 16-Feb-21 | 192,200 | (11,389 | ) | 180,811 | |||||||||||||||||||||
#EMMITTSMITHMVPBASKET | 16-Feb-21 | 113,740 | (24,283 | ) | 89,457 | 89,457 | (36,746 | ) | 52,711 | |||||||||||||||||
#ZIONRPABGS9 | 16-Feb-21 | 131,670 | (21,594 | ) | 110,076 | 110,076 | (57,646 | ) | 52,430 | |||||||||||||||||
#COBBMINTE98 | 22-Feb-21 | 300,063 | (48,069 | ) | 251,993 | |||||||||||||||||||||
#EMMITTSMITH10KJERSEY | 22-Feb-21 | 59,340 | (27,578 | ) | 31,763 | |||||||||||||||||||||
#GIANNISGOLDIMMACULATE | 15-Mar-21 | 50,035 | (10,327 | ) | 39,708 | |||||||||||||||||||||
#MOOKIEBETTSGLOVE | 17-Mar-21 | 62,058 | (44,308 | ) | 17,750 | |||||||||||||||||||||
#DONCICBLUEPSA10 | 22-Mar-21 | 61,920 | (32,343 | ) | 29,577 | |||||||||||||||||||||
#GLEYBERTORRESORANGE9.5 | 25-Mar-21 | 20,898 | (669 | ) | 20,229 | 20,229 | (16,535 | ) | 3,694 | |||||||||||||||||
#MAGICBIRDDRJPSA8BASKET | 01-Apr-21 | 27,069 | (20,275 | ) | 6,794 | |||||||||||||||||||||
#TRAEYOUNGFLAWLESSBGS9 | 01-Apr-21 | 14,790 | (8,253 | ) | 6,537 | |||||||||||||||||||||
#DWADEULTIMATE | 02-Apr-21 | 43,055 | (29,174 | ) | 13,881 | |||||||||||||||||||||
#ACUNAGOLD9.5 | 08-Apr-21 | 26,440 | (9,296 | ) | 17,144 | |||||||||||||||||||||
#COBBVINTAGET206PHOTO | 09-Apr-21 | 53,183 | (18,592 | ) | 34,591 | |||||||||||||||||||||
#MAYS1960PSA9 | 12-Apr-21 | 17,535 | (926 | ) | 16,609 | |||||||||||||||||||||
#BettsBlueRefractorBasket | 15-Apr-21 | 32,735 | (25,397 | ) | 7,338 | |||||||||||||||||||||
#LEBRONMELOWADETRIORC | 15-Apr-21 | 378,236 | (287,477 | ) | 90,759 | |||||||||||||||||||||
#1969TOPPSBASKETBALLSET | 16-Apr-21 | 151,455 | (48,166 | ) | 103,289 | |||||||||||||||||||||
#MONTANARCPSA10 | 21-Apr-21 | 67,320 | (17,121 | ) | 50,199 | |||||||||||||||||||||
#LEBRONEMBLEMSOFENDORSEMENT | 23-Apr-21 | 218,950 | (157,882 | ) | 61,068 | |||||||||||||||||||||
#CROSBYTHECUPBASKET | 28-Apr-21 | 211,670 | (72,587 | ) | 139,083 | |||||||||||||||||||||
#MESSIROOKIEBASKET | 30-Apr-21 | 93,375 | (17,741 | ) | 75,634 | 75,634 | (47,908 | ) | 27,726 |
12
#ANDRETHEGIANT | 06-May-21 | 26,870 | (16,097 | ) | 10,774 | |||||||||||||||||||||
#MARINOMANNINGFAVREJERSEYS | 07-May-21 | 47,620 | (11,191 | ) | 36,429 | |||||||||||||||||||||
#TIGERSPAUTHENTICBGS9.5 | 13-May-21 | 35,815 | (21,189 | ) | 14,626 | |||||||||||||||||||||
#ELWAY1984ROOKIECARDPSA10BASKET | 17-May-21 | 31,250 | (16,602 | ) | 14,648 | |||||||||||||||||||||
#JETERFOILRCBASKETBGS9.5 | 17-May-21 | 102,198 | (29,978 | ) | 72,220 | 72,220 | (50,486 | ) | 21,734 | |||||||||||||||||
#Mantle1968PSA9Basket | 17-May-21 | 36,974 | (17,994 | ) | 18,980 | |||||||||||||||||||||
#ANDRE&HULKWRESTLINGBASKET | 18-May-21 | 126,440 | (80,368 | ) | 46,072 | |||||||||||||||||||||
#MLBHALLOFFAMEBASEBALL | 18-May-21 | 307,360 | (72,141 | ) | 235,219 | |||||||||||||||||||||
#JORDANSIGNEDPROFESSIONALBAT | 19-May-21 | 51,823 | (10,271 | ) | 41,552 | 41,552 | (32,838 | ) | 8,714 | |||||||||||||||||
#TATISBOWMANBLACKLABEL | 20-May-21 | 221,350 | (22,135 | ) | 199,215 | 199,215 | (154,336 | ) | 44,879 | |||||||||||||||||
#CLEMENTEWHITE&GRAYBASKET | 24-May-21 | 113,598 | (20,448 | ) | 93,150 | 93,150 | (31,093 | ) | 62,056 | |||||||||||||||||
#BETTSGOLDREFRACTORBASKET | 26-May-21 | 62,948 | (11,235 | ) | 51,713 | |||||||||||||||||||||
#KOUFAX55PSA9 | 26-May-21 | 496,600 | (104,500 | ) | 392,100 | |||||||||||||||||||||
#LEBRONULTIMATE | 26-May-21 | 184,835 | (118,825 | ) | 66,010 | |||||||||||||||||||||
#MAYS1951BOWMAN7 | 26-May-21 | 103,990 | (33,837 | ) | 70,153 | |||||||||||||||||||||
#TysonRCBGS9Basket | 26-May-21 | 58,900 | (41,308 | ) | 17,592 | |||||||||||||||||||||
#Mays1956GrayPSA9 | 27-May-21 | 57,920 | (21,757 | ) | 36,163 | |||||||||||||||||||||
#JORDANEXQUISITEBGS8 | 01-Jun-21 | 80,135 | (51,549 | ) | 28,586 | |||||||||||||||||||||
#MahomesImmaculate1of1 | 01-Jun-21 | 225,990 | (112,054 | ) | 113,936 | |||||||||||||||||||||
#Mantle54BowmanBasket | 03-Jun-21 | 52,170 | (22,363 | ) | 29,807 | |||||||||||||||||||||
#1964KOUFAXJERSEY | 04-Jun-21 | 437,465 | (25,899 | ) | 411,566 | |||||||||||||||||||||
#MAGICBIRDLOGOMAN | 04-Jun-21 | 511,680 | (289,638 | ) | 222,042 | |||||||||||||||||||||
#MahomesNT8.5 | 04-Jun-21 | 164,854 | (32,641 | ) | 132,213 | 132,218 | (74,439 | ) | 57,778 | |||||||||||||||||
#Clemente1955PSA8 | 08-Jun-21 | 84,000 | (363 | ) | 83,637 | |||||||||||||||||||||
#MessiMegacracks#71PSA9 | 08-Jun-21 | 90,000 | (56,061 | ) | 33,939 | |||||||||||||||||||||
#OZZIESMITHRCBGS9.5 | 08-Jun-21 | 74,710 | (54,009 | ) | 20,701 | |||||||||||||||||||||
#RICKEYHENDERSONRCPSA10 | 10-Jun-21 | 152,200 | (58,665 | ) | 93,535 | |||||||||||||||||||||
#JordanLeBronSignoftheTimes | 14-Jun-21 | 169,950 | (93,852 | ) | 76,098 | |||||||||||||||||||||
#DIMAGGIO1933BAT | 17-Jun-21 | 96,420 | (37,377 | ) | 59,043 | |||||||||||||||||||||
#JokicRefractor1of1 | 18-Jun-21 | 22,935 | (5,107 | ) | 17,828 | |||||||||||||||||||||
#MAYS1952PSA8 | 25-Jun-21 | 251,790 | (26,805 | ) | 224,985 | |||||||||||||||||||||
#KOBEREEBOKIVERSONRETROS | 07-Jul-21 | 90,980 | (64,126 | ) | 26,854 | |||||||||||||||||||||
#LeBronMeloDualLogoman | 08-Jul-21 | 1,109,350 | (725,558 | ) | 383,792 | |||||||||||||||||||||
#TraeYoungFlawlessGreenBGS9 | 08-Jul-21 | 24,840 | (8,965 | ) | 15,875 | |||||||||||||||||||||
#MPJChampionshipTicket | 09-Jul-21 | 30,415 | (27,551 | ) | 2,864 | |||||||||||||||||||||
#LukaRookieJersey | 13-Jul-21 | 521,440 | (161,168 | ) | 360,272 | |||||||||||||||||||||
#DonovanMitchellNT9.5 | 20-Jul-21 | 30,183 | (13,646 | ) | 16,536 | |||||||||||||||||||||
#LukaWhiteSparkle | 23-Jul-21 | 720,345 | (439,829 | ) | 280,516 | |||||||||||||||||||||
#JordanLeBronMagicTripleSigs | 05-Aug-21 | 85,702 | (55,882 | ) | 29,820 | |||||||||||||||||||||
#AcunaBowman10Basket | 09-Aug-21 | 102,515 | (60,769 | ) | 41,746 | |||||||||||||||||||||
#AliRookieCardBVG8 | 10-Aug-21 | 60,700 | (43,733 | ) | 16,967 | |||||||||||||||||||||
#TheRockBumbleBeePSA10 | 10-Aug-21 | 47,150 | (26,665 | ) | 20,485 | |||||||||||||||||||||
#03ToppsChromeWax | 12-Aug-21 | 24,350 | (8,501 | ) | 15,849 | |||||||||||||||||||||
#BradyBowman10 | 12-Aug-21 | 31,400 | (15,061 | ) | 16,339 | |||||||||||||||||||||
#SadaharuOhBat | 12-Aug-21 | 24,813 | (5,780 | ) | 19,032 | |||||||||||||||||||||
#ZionPrizmsBlueBGS10 | 17-Aug-21 | 31,560 | (20,318 | ) | 11,242 | |||||||||||||||||||||
#03ExquisiteBox | 23-Aug-21 | 83,723 | (22,916 | ) | 60,807 |
13
#1909E95SGCSet | 07-Sep-21 | 35,998 | (12,351 | ) | 23,647 | |||||||||||||||||||||
#Mantle1953Topps8 | 07-Sep-21 | 102,505 | (1,734 | ) | 100,771 | |||||||||||||||||||||
#SatchelPaige48LeafSGC30 | 07-Sep-21 | 35,998 | (12,193 | ) | 23,805 | |||||||||||||||||||||
#JackieRobinson53Topps8 | 23-Sep-21 | 57,945 | (3,000 | ) | 54,945 | |||||||||||||||||||||
#JimmieFoxx1938Bat | 23-Sep-21 | 97,610 | (22,736 | ) | 74,874 | |||||||||||||||||||||
#KevinDurantHSJersey | 23-Sep-21 | 226,115 | (108,302 | ) | 117,813 | |||||||||||||||||||||
#KobeFinalSeasonSneakers | 23-Sep-21 | 63,790 | (43,003 | ) | 20,787 | |||||||||||||||||||||
#Mikan48BowmanPSA7 | 23-Sep-21 | 41,549 | (14,955 | ) | 26,594 | |||||||||||||||||||||
#UnitasPSA8 | 23-Sep-21 | 21,200 | (8,605 | ) | 12,595 | |||||||||||||||||||||
#JustinHerbertHiddenTreasureRPA | 27-Sep-21 | 63,835 | (31,112 | ) | 32,723 | |||||||||||||||||||||
#TrevorLawrenceLeafBasket | 27-Sep-21 | 11,300 | (6,721 | ) | 4,579 | |||||||||||||||||||||
#48LeafRuthSGC8 | 30-Sep-21 | 53,220 | (8,645 | ) | 44,575 | |||||||||||||||||||||
#KobeBryantFirstWhite#24Jersey | 30-Sep-21 | 710,150 | (385,276 | ) | 324,874 | |||||||||||||||||||||
#KobeBryantRoyalBlueJordanSneakers | 30-Sep-21 | 92,016 | (52,569 | ) | 39,448 | |||||||||||||||||||||
#LeBronBlackDiamond | 30-Sep-21 | 78,750 | (46,370 | ) | 32,380 | |||||||||||||||||||||
#MANTLE1964TOPPS9 | 30-Sep-21 | 50,115 | (3,232 | ) | 46,882 | |||||||||||||||||||||
#Maris58ToppsPSA9 | 30-Sep-21 | 28,245 | (6,896 | ) | 21,348 | |||||||||||||||||||||
#PeytonManningMVPHelmet | 01-Oct-21 | 189,065 | (18,775 | ) | 170,290 | |||||||||||||||||||||
#ChrisBoshGameWornRaptorsSneakers | 19-Oct-21 | 16,938 | (12,269 | ) | 4,669 | |||||||||||||||||||||
#PaulPierce2010ASGJersey | 19-Oct-21 | 30,425 | (26,336 | ) | 4,089 | |||||||||||||||||||||
#MayweatherRCPSA10 | 20-Oct-21 | 25,748 | (16,290 | ) | 9,457 | |||||||||||||||||||||
#JackieLeaf3.5 | 25-Oct-21 | 41,280 | (19,324 | ) | 21,956 | |||||||||||||||||||||
#Mantle1957ToppsPSA8.5 | 25-Oct-21 | 57,216 | (12,771 | ) | 44,445 | |||||||||||||||||||||
#TROUTFINESTSUPERFRACTOR | 25-Oct-21 | 281,400 | (166,772 | ) | 114,628 | |||||||||||||||||||||
#OrangeDominguez | 26-Oct-21 | 35,366 | (18,566 | ) | 16,800 | |||||||||||||||||||||
#LBJEXQUISITE | 28-Oct-21 | 1,387,325 | (597,158 | ) | 790,167 | |||||||||||||||||||||
#Giannis48PointGameSneakers | 01-Nov-21 | 25,150 | (7,367 | ) | 17,783 | |||||||||||||||||||||
#LeBronMeloBosh2008TripleLogoMan | 01-Nov-21 | 309,750 | (232,180 | ) | 77,570 | |||||||||||||||||||||
#Mantle1966ToppsPSA9Basket | 01-Nov-21 | 44,620 | (2,395 | ) | 42,225 | |||||||||||||||||||||
#NegroLeagueLegendaryCutsBasket | 01-Nov-21 | 91,805 | (59,607 | ) | 32,198 | |||||||||||||||||||||
#ChicagoBullsDynastyHardwood | 03-Nov-21 | 365,390 | (222,083 | ) | 143,307 | |||||||||||||||||||||
#CristianoRonaldoRC1of1 | 08-Nov-21 | 254,375 | (173,192 | ) | 81,183 | |||||||||||||||||||||
#MahomesNT1of1 | 16-Nov-21 | 1,662,945 | (1,043,979 | ) | 618,966 | |||||||||||||||||||||
#Mantle1953Bowman8Basket | 18-Nov-21 | 51,984 | (22,052 | ) | 29,932 | |||||||||||||||||||||
#BradyChampionshipTicket | 23-Nov-21 | 2,312,000 | (1,442,831 | ) | 869,169 | |||||||||||||||||||||
#EddiePlankT206PSA4 | 30-Nov-21 | 317,300 | (76,299 | ) | 241,001 | |||||||||||||||||||||
#MahomesBronzeBasket | 30-Nov-21 | 114,025 | (15,608 | ) | 98,417 | |||||||||||||||||||||
#MichaelPorterJrBasket | 30-Nov-21 | 31,065 | (20,563 | ) | 10,502 | |||||||||||||||||||||
#ALKALINE1954TOPPSPSA9 | 04-Jan-22 | 41,538 | (19,691 | ) | 21,847 | |||||||||||||||||||||
#HARMONKILLEBREW1955TOPPSPSA9 | 04-Jan-22 | 42,668 | (18,741 | ) | 23,927 | |||||||||||||||||||||
#1959TOPPSBASEBALLSET | 06-Jan-22 | 84,548 | (24,467 | ) | 60,080 | |||||||||||||||||||||
#AlexRodriguez09WSUniform | 06-Jan-22 | 148,505 | (87,643 | ) | 60,862 | |||||||||||||||||||||
#Gretzky1979Topps9 | 06-Jan-22 | 59,065 | (1,720 | ) | 57,345 | |||||||||||||||||||||
#JORDAN86FLEERBGS9.5BASKET | 06-Jan-22 | 143,550 | (75,658 | ) | 67,892 | |||||||||||||||||||||
#ShoelessJoeJackson1915PSA8 | 06-Jan-22 | 98,723 | (54,066 | ) | 44,657 | |||||||||||||||||||||
#KobeBryant2001WarmUpJacket | 28-Jan-22 | 208,105 | (134,651 | ) | 73,454 | |||||||||||||||||||||
#KareemPointsRecordBall | 03-Feb-22 | 391,650 | (263,610 | ) | 128,040 | |||||||||||||||||||||
#LOUGEHRIGRCPHOTO | 07-Feb-22 | 53,247 | (5,825 | ) | 47,422 | |||||||||||||||||||||
#LBJKobeToppsBasket | 14-Feb-22 | 16,800 | (7,465 | ) | 9,335 | |||||||||||||||||||||
#SandyKoufax1956ToppsGrayBackPSA9 | 14-Feb-22 | 35,823 | (4,945 | ) | 30,878 |
14
#RONALDO2003PANINIMEGACRAQUESPSA10 | 16-Feb-22 | 324,715 | (170,975 | ) | 153,740 | |||||||||||||||||||
#BobbyOrrBruinsJersey | 28-Feb-22 | 428,140 | (124,296 | ) | 303,844 | |||||||||||||||||||
#KobeLeBronJordanMagicQuadAuto | 28-Feb-22 | 125,990 | (85,521 | ) | 40,469 | |||||||||||||||||||
#MARINO1984ROOKIECARDBGS10BASKET | 03-Mar-22 | 19,580 | (9,294 | ) | 10,286 | |||||||||||||||||||
#NTBBallWaxBundle | 05-Mar-22 | 141,525 | (78,600 | ) | 62,925 | |||||||||||||||||||
#BRADY2000SPXSPECTRUMBGS9.5 | 09-Mar-22 | 562,710 | (280,354 | ) | 282,356 | |||||||||||||||||||
#BRADYDEBUTTICKET | 09-Mar-22 | 114,768 | (49,530 | ) | 65,237 | |||||||||||||||||||
#WarrenSpahn1948LeafPSA9 | 22-Mar-22 | 92,750 | (41,314 | ) | 51,436 | |||||||||||||||||||
#MLBALLSTARGAMETICKETRUNCOLLECTION | 30-Mar-22 | 49,890 | (27,621 | ) | 22,269 | |||||||||||||||||||
#RoyCampanella1949BowmanPSA9 | 31-Mar-22 | 61,600 | (23,100 | ) | 38,500 | |||||||||||||||||||
#WILTCHAMBERLAIN1961FLEERRCPSA9 | 01-Apr-22 | 356,000 | (66,616 | ) | 289,383 | |||||||||||||||||||
#DaveBingSigned50GreatestNBAPlayersLithograph | 04-Apr-22 | 105,325 | (65,045 | ) | 40,280 | |||||||||||||||||||
#JordanExquisite8.5Flashback | 06-Apr-22 | 179,995 | (84,698 | ) | 95,297 | |||||||||||||||||||
#JORDANFLEER86SGC10 | 06-Apr-22 | 199,495 | (116,345 | ) | 83,150 | |||||||||||||||||||
#KOUFAXPSA8 | 06-Apr-22 | 43,360 | (16,405 | ) | 26,955 | |||||||||||||||||||
#LEBRONCREDENTIALS | 06-Apr-22 | 196,000 | (151,238 | ) | 44,762 | |||||||||||||||||||
#MANTLE1967TOPPS9 | 06-Apr-22 | 20,785 | (5,174 | ) | 15,610 | |||||||||||||||||||
#OVECHKINSPAUTHBASKET9.5 | 06-Apr-22 | 31,090 | (6,471 | ) | 24,619 | |||||||||||||||||||
#AARONDECADEBASKET | 07-Apr-22 | 85,439 | (13,060 | ) | 72,379 | |||||||||||||||||||
#GRIFFEY89UPPERDECKSGCGOLD | 07-Apr-22 | 17,360 | (8,915 | ) | 8,445 | |||||||||||||||||||
#LeBronRookieShoes | 07-Apr-22 | 464,925 | (108,641 | ) | 356,284 | |||||||||||||||||||
#MAGICBIRDDRJ1980PSA9 | 07-Apr-22 | 31,850 | (16,306 | ) | 15,543 | |||||||||||||||||||
#NolanRyan1968MiltonBradleyPSA9 | 11-Apr-22 | 171,470 | (45,280 | ) | 126,190 | |||||||||||||||||||
#PaulMolitor1978ToppsPSA10 | 11-Apr-22 | 52,973 | (18,936 | ) | 34,037 | |||||||||||||||||||
#CrosbyWinterClassicSkates | 15-Apr-22 | 18,010 | (5,094 | ) | 12,916 | |||||||||||||||||||
#RONALDO2002PANINIFUTEBOLSTICKER SPSA10 | 18-Apr-22 | 114,535 | (49,849 | ) | 64,686 | |||||||||||||||||||
#KobeBlackHistoryMonthFinalSeasonShoes | 25-Apr-22 | 76,195 | (28,042 | ) | 48,154 | |||||||||||||||||||
#MantleDebutStub | 26-Apr-22 | 117,238 | (85,724 | ) | 31,514 | |||||||||||||||||||
#YAODUNCANDIRKTRIPLELOGOMAN | 26-Apr-22 | 167,810 | (118,648 | ) | 49,163 | |||||||||||||||||||
#EmbiidFirst50PointGameJersey | 27-Apr-22 | 38,400 | (28,354 | ) | 10,046 | |||||||||||||||||||
#RipkenRookieJersey&CardBasket | 02-May-22 | 158,444 | (35,470 | ) | 122,973 | |||||||||||||||||||
#TigerWoodsDebutTicket | 12-May-22 | 82,410 | (44,543 | ) | 37,867 | |||||||||||||||||||
#Brady01TicketBooklet | 13-May-22 | 10,975 | (8,311 | ) | 2,664 | |||||||||||||||||||
#1980ToppsBasketballWax | 19-May-22 | 73,623 | (18,590 | ) | 55,032 | |||||||||||||||||||
#Pele1958AmericanaPSA3 | 19-May-22 | 125,738 | (49,513 | ) | 76,224 | |||||||||||||||||||
#96SkyboxE-X2000Wax | 01-Jun-22 | 31,146 | (10,979 | ) | 20,167 | |||||||||||||||||||
#BellingerOrangeBGS9.5 | 01-Jun-22 | 26,785 | (20,287 | ) | 6,498 | |||||||||||||||||||
#CharlesBarkleySunsJersey | 01-Jun-22 | 158,915 | (19,119 | ) | 139,796 | |||||||||||||||||||
#Tiger1stEventStub | 01-Jun-22 | 93,951 | (65,762 | ) | 28,188 | |||||||||||||||||||
#HamiltonChromeOrangeSapphire | 23-Jun-22 | 58,940 | (45,554 | ) | 13,386 | |||||||||||||||||||
#OvechkinTheCupBGSGemMint9.5 | 06-Jul-22 | 467,670 | (145,769 | ) | 321,901 | |||||||||||||||||||
#Mantle51BowmanSGC7 | 03-Aug-22 | 100,715 | (19,167 | ) | 81,548 | |||||||||||||||||||
#49BowmanJackieAuto | 12-Aug-22 | 76,214 | (26,011 | ) | 50,202 | |||||||||||||||||||
#Eruzione1980MiracleOnIceGoldJersey | 30-Aug-22 | 706,805 | (267,196 | ) | 439,609 | |||||||||||||||||||
#TatumFlawlessGoldBGS9.5 | 04-Oct-22 | 58,885 | (16,885 | ) | 42,000 | |||||||||||||||||||
TOTAL | $ | 1,083,074 | $ | (190,891 | ) | $ | 892,183 | $ | 27,361,074 | $ | (13,001,234 | ) | $14,359,840 |
15
User Base
The success of the public offerings to date has led to a greater-than-expected supply of items to be consigned on the platform. Additionally, since launching, the registered user-base exceeds 90,000 users, with over 10,000 having participated in at least one offering.
Financial Obligations
The company has no outstanding lines of credit. However, there exists obligations to CTI for monies paid on behalf of the Series.
Operating Results
2021 was the Company’s first full year of Operations. The Company acquired Assets to consign, successfully closed escrow on (159) one hundred fifty-nine offerings, launched secondary trading capability for investors, and sold (13) thirteen assets off the platform for a price of $5,861,500 and a net gain on sale of assets of $1,699,239.
During the year ending December 31, 2022, the company continued to consign additional Assets and successfully closed escrow on (71) seventy-one Reg A offerings and (1) one Reg D offering. Additionally, the Company sold (14) fourteen Underlying Assets for a total of $1,650,500 and a net gain on sale of assets of $409,389.
The table below shows the Series sold in 2021.
Series Name | Date of Sale | Sales Price | Cost Basis | Net Gain | |||||||||||
#MAGICBIRDDRJ | 2/2/2021 | $ | 720,000 | $ | 351,420 | $ | 368,580 | ||||||||
#KOUFAX1955PSA8.5 | 3/10/2021 | $ | 100,000 | $ | 35,380 | $ | 64,620 | ||||||||
#WILTCHAMBERLAIN61PSA9 | 4/14/2021 | $ | 350,000 | $ | 205,102 | $ | 144,898 | ||||||||
#JORDAN85NIKEBASKET | 6/4/2021 | $ | 203,000 | $ | 139,018 | $ | 63,982 | ||||||||
#MANTLEMINT1953 | 7/23/2021 | $ | 3,100,000 | $ | 2,488,000 | $ | 612,000 | ||||||||
#BRADYREEBOKFLAWLESS | 8/9/2021 | $ | 70,000 | $ | 46,564 | $ | 23,436 | ||||||||
#DEVERSSUPERFRACTOR | 8/12/2021 | $ | 78,500 | $ | 34,720 | $ | 43,780 | ||||||||
#MAYS1951PHOTO | 8/23/2021 | $ | 65,000 | $ | 51,144 | $ | 13,856 | ||||||||
#FRANKROBINSON500HRBAT | 10/28/2021 | $ | 200,000 | $ | 172,429 | $ | 27,571 | ||||||||
#RODGERSPLAYOFFCONTENDERSGREEN | 11/23/2021 | $ | 30,000 | $ | 18,864 | $ | 11,136 | ||||||||
#STEPHCURRYSNEAKERS | 11/30/2021 | $ | 110,000 | $ | 80,020 | $ | 29,980 | ||||||||
#OVECHKINTHECUPBGS8.5 | 12/10/2021 | $ | 55,000 | $ | 40,110 | $ | 14,890 | ||||||||
#CURRYRPABGS9.5 | 12/24/2021 | $ | 780,000 | $ | 499,490 | $ | 280,510 | ||||||||
Total | $ | 5,861,500 | $ | 4,162,261 | $ | 1,699,239 |
The table below shows the Series sold in 2022.
Series Name | Date of Sale | Sales Price | Cost Basis | Net Gain | |||||||||||
#LEBRONROOKIE | 1/31/2022 | $ | 75,000 | $ | 46,303 | $ | 28,697 | ||||||||
#MAHOMESEMERALDRPABGS9 | 2/4/2022 | $ | 115,000 | $ | 79,870 | $ | 35,130 | ||||||||
#FRANKROBINSON1957PSA9BASKET | 2/11/2022 | $ | 96,000 | $ | 76,272 | $ | 19,728 | ||||||||
#JordanMagicLeBronTripleAutoJersey | 2/13/2022 | $ | 130,000 | $ | 130,039 | $ | (39 | ) | |||||||
#BANKS1954PSA9 | 2/17/2022 | $ | 155,000 | $ | 87,565 | $ | 67,435 | ||||||||
#GIANNISRPA | 2/17/2022 | $ | 200,000 | $ | 116,530 | $ | 83,470 | ||||||||
#MIKANRCPHOTO | 2/23/2022 | $ | 82,500 | $ | 55,330 | $ | 27,170 | ||||||||
#OscarRobertsonCincinnatiRoyalsJersey | 3/9/2022 | $ | 320,000 | $ | 284,170 | $ | 35,830 | ||||||||
#TATUMFLAWLESS10 | 4/1/2022 | $ | 100,000 | $ | 45,420 | $ | 54,580 | ||||||||
#LUKADONCICGUROOKIESNEAKERS | 4/1/2022 | $ | 115,000 | $ | 85,280 | $ | 29,720 | ||||||||
#OttoGraham1950BowmanPSA9 | 4/5/2022 | $ | 70,000 | $ | 43,867 | $ | 26,133 | ||||||||
#KobeBryantRookieSneakers | 5/16/2022 | $ | 152,500 | $ | 135,990 | $ | 16,510 | ||||||||
#YASTRZEMSKIRC9BASKET | 10/7/2022 | $ | 36,000 | $ | 39,874 | $ | (3,874 | ) | |||||||
#SeagerOrangeRefractorBasket | 11/10/2022 | $ | 3,500 | $ | 14,600 | $ | (11,100 | ) | |||||||
Total | $ | 1,650,500 | $ | 1,241,111 | $ | 409,389 |
16
Operating Capital
Collectable Sports Assets, LLC (“CSA”) and its Series incur certain Operating Expenses. If the Operating Expenses for CSA or a particular Series (as described above in Item 1 “Operating Expenses”) exceed the amount of revenue generated from the Underlying Asset of such Series and cannot be covered by any Operating Expense reserves on the balance sheet of the Series, the Manager may (a) pay such Operating Expenses and not seek reimbursement, (b) loan the amount of the Operating Expenses to the Series, on which the Manager may impose a reasonable rate of interest, and be entitled to reimbursement of such amount from future gains generated by the Underlying Asset related to such Series, and, or (c) cause additional Interest to be issued in the Series in order to cover such additional amounts. As a last resort, the Manager unconditionally guarantees the Operating Expenses of the Series.
Liquidity
If CSA or its Series do not have sufficient liquidity to cover its Operating Expenses, and the Manager does not have the liquidity to cover the Operating Expenses associated with CSA or the Series pursuant to the Operating Agreement, CSA and the Series will be unable to pay its expenses. As of December 31, 2022, given the existing liquidity and projected cash flow of CSA, and Manager, CSA feels significant doubt that it will be able to operate for another 12 months unless it receives additional liquidity and is exploring various liquidity options which include borrowings, selling equity or Assets.
Current Market Conditions
The market and value for investments in sports collectibles, like many asset classes, including equities, bonds, cryptocurrencies and other high-end collectible assets (such as art, wine and coins) are impacted by conditions in the broader markets. These conditions include the overall economic environment, anticipated future economic conditions, current and future interest rates, and supply and demand for investable assets. For 2022, the increase in impairment charges are reflective of the current weakness in the market.
Common Management
The CEO of the Company, Collectable Sports Assets, LLC is also the CEO of the Manager, CS Asset Manager, LLC. Due to the Company having common management, there cannot be any arms length transactions between the Company, Collectable Sports Assets, LLC the Manager, CS Asset Manager, LLC.
17
Item 3. Directors and Officers
The following individuals constitute those member of the Board of Directors, executive management and significant employees of Collectable Technologies, Inc., the sole members of the Manager, which oversees the operations of the Company:
Name (1) | Age | Position | Term of Office (Beginning) | FT or PT Hours/week | 2022 Compensation Cash ($) (1) | 2022 Compensation Stock ($) | 2022 Compensation Total ($) (1) | |||||||||||||||||
Jason Epstein | 52 | Director | 01 /2020 | N/A – director only | $ | - | $ | - | $ | - | ||||||||||||||
Jarod Winters | 52 | Director, CEO and CFO | 03 /2021 | Full time | $ | 200,000 | $ | - | $ | 200,000 |
(1) | Ezra Levine, who was our Chief Executive Officer during 2022, received cash and total cash compensation of $200,000. Mr. Levine left the Company in April 2023 |
Background of Officers of the Manager
The following is a brief summary of the background of each director and executive officer of the Manager:
Jason Epstein. Mr. Epstein is a serial entrepreneur and co-founder of Collectable Technologies, Inc. (successor to the assets and liabilities of Collectable.com, Inc.), the ultimate parent organization to Collectable Sports Assets, LLC and the Manager. The Collectable application provides sports collectors access to historical auction pricing and real-time data on current auctions. With over 2 million historical sales dating back to 1999 and over two dozen auction house customers, we believe that Collectable publishes one of the broadest and most comprehensive data set of historical prices and active auction listings in the industry.
Jarod Winters. Mr. Winters is a capital markets executive focused on alternative asset management. He has served as CFO since March 2021 and assumed the role of CEO in April 2023, upon the resignation of our previous CEO. Prior to Collectable, he served in roles such as Chief Operating Officer and Chief Compliance Officer of Sunrise Capital Partners, a hedge fund, Head of Product Specialists at Wells Fargo Prime Services, and Managing Director of Operations at ESP Technologies. He holds a BA and MBA from the University of Texas at Austin.
There are no arrangements or understandings known to us pursuant to which any director was or is to be selected as a director or nominee. There are no agreements or understandings for any executive officer or director to resign at the request of another person and no officer or director is acting on behalf of nor will any of them act at the direction of any other person.
There are no family relationships between any director, executive officer, person nominated or chosen to become a director or executive officer or any significant employee.
Compensation of Executive Officers
We do not currently have any employees, nor do we currently intend to hire any employees who will be compensated directly by the Company. Each of the executive officers of the Manager manage our day-to-day affairs, oversee the review, selection and recommendation of investment opportunities, service acquired investments and monitor the performance of these investments to ensure that they are consistent with our investment objectives. Each of these individuals receives compensation for his or her services, including services performed for us on behalf of the Manager, from our manager. Although we will indirectly bear some of the costs of the compensation paid to these individuals, through fees we pay to the Manager, we do not intend to pay any compensation directly to these individuals.
18
Compensation of the Manager
The Manager may receive Sourcing Fees and reimbursement for costs incurred relating to the offering described herein and other offerings (e.g., Offering Expenses and Acquisition Expenses), additionally, the Manager may receive Sourcing Fees in connection with the sale of an underlying Asset of the Platform.
The Manager receives Sourcing Fees for each offering for Series of Interests in the Company that closes. During 2022, the Manager received $314,858 in Sourcing Fees for (71) seventy-one Reg A Series and $10,000 in Sourcing Fees for (1) one Reg D Series that were closed. During 2022, the Manager also received 88,229 shares in non-cash compensation with a value of $611,120.
During 2021, the Manager received $696,926 in Sourcing Fees for (159) one hundred fifty-nine Series that were closed. During 2021, the Manager also received 142,713 shares in non-cash compensation with a value of $1,187,183.
The following table sets forth the cash and non-cash sourcing fees generated in 2021 and 2022 on Regulation A offerings.
19
Series Name | Escrow Close Date | # of Shares | Non-Cash Equity | Cash Sourcing Fees | Total Cash and Non-Cash Sourcing Fees | |||||||||||||
#ALKALINE1954TOPPSPSA9 | 1/4/2022 | 280 | $ | 2,800 | $ | 400 | $ | 3,200 | ||||||||||
#HARMONKILLEBREW1955TOPPSPSA9 | 1/4/2022 | 399 | $ | 3,990 | $ | 363 | $ | 4,353 | ||||||||||
#1959TOPPSBASEBALLSET | 1/6/2022 | 580 | $ | 5,800 | $ | 2,900 | $ | 8,700 | ||||||||||
#GRETZKY1979TOPPS9 | 1/6/2022 | 1896 | $ | 9,480 | - | $ | 9,480 | |||||||||||
#ALEXRODRIGUEZ09WSUNIFORM | 1/6/2022 | 1000 | $ | 13,000 | $ | 2,600 | $ | 15,600 | ||||||||||
#JORDAN86FLEERBGS9.5BASKET | 1/6/2022 | 2720 | $ | 13,600 | $ | 1,516 | $ | 15,116 | ||||||||||
#SHOELESSJOEJACKSON1915PSA8 | 1/6/2022 | 1,020 | $ | 10,200 | - | $ | 10,200 | |||||||||||
#KOBEBRYANT2001WARMUPJACKET | 1/28/2022 | 910 | $ | 9,100 | $ | 9,100 | $ | 18,200 | ||||||||||
#KAREEMPOINTSRECORDBALL | 2/3/2022 | 1750 | $ | 17,500 | $ | 17,500 | $ | 35,000 | ||||||||||
#LOUGEHRIGRCPHOTO | 2/7/2022 | 276 | $ | 2,760 | $ | 1,380 | $ | 4,140 | ||||||||||
#SANDYKOUFAX1956TOPPSGRAYBACKPSA9 | 2/14/2022 | 234 | $ | 2,340 | $ | 1,170 | $ | 3,510 | ||||||||||
#LBJKOBETOPPSBASKET | 2/14/2022 | 360 | $ | 1,800 | - | $ | 1,800 | |||||||||||
#RONALDO2003PANINIMEGACRAQUESPSA10 | 2/16/2022 | 2009 | $ | 20,090 | $ | 14,350 | $ | 34,440 | ||||||||||
#OTTOGRAHAM1950BOWMANPSA9 | 2/18/2022 | 304 | $ | 3,040 | $ | 1,520 | $ | 4,560 | ||||||||||
#KOBELEBRONJORDANMAGICQUADAUTO | 2/28/2022 | 1,100 | $ | 5,500 | $ | 5,500 | $ | 11,000 | ||||||||||
#BOBBYORRBRUINSJERSEY | 2/28/2022 | 3000 | $ | 30,000 | $ | 15,000 | $ | 45,000 | ||||||||||
#MARINO1984ROOKIECARDBGS10BASKET | 3/3/2022 | 616 | $ | 3,080 | - | $ | 3,080 | |||||||||||
#NTBBALLWAXBUNDLE | 3/5/2022 | 750 | $ | 7,500 | $ | 3,750 | $ | 11,250 | ||||||||||
#BABERUTHBOWSOUTPHOTO | 3/7/2022 | 3000 | $ | 15,000 | $ | 1,320 | $ | 16,320 | ||||||||||
#OSCARROBERTSONCINCINNATIROYALSJERSEY | 3/8/2022 | 3500 | $ | 17,500 | $ | 12,500 | $ | 30,000 | ||||||||||
#BRADY2000SPXSPECTRUMBGS9.5 | 3/9/2022 | 2500 | $ | 25,000 | $ | 25,000 | $ | 50,000 | ||||||||||
#BRADYDEBUTTICKET | 3/9/2022 | 800 | $ | 8,000 | $ | 4,000 | $ | 12,000 | ||||||||||
#LUKADONCICGUROOKIESNEAKERS | 3/22/2022 | 525 | $ | 5,250 | $ | 3,750 | $ | 9,000 | ||||||||||
#WARRENSPAHN1948LEAFPSA9 | 3/22/2022 | 675 | $ | 6,750 | $ | 700 | $ | 7,450 | ||||||||||
#MLBALLSTARGAMETICKETRUNCOLLECTION | 3/30/2022 | 340 | $ | 3,400 | $ | 1,700 | $ | 5,100 | ||||||||||
#ROYCAMPANELLA1949BOWMANPSA9 | 3/31/2022 | 660 | $ | 6,600 | - | $ | 6,600 | |||||||||||
#WILTCHAMBERLAIN1961FLEERRCPSA9 | 4/1/2022 | 3600 | $ | 36,000 | $ | 617 | $ | 36,617 | ||||||||||
#MANTLE52TOPPSPSA7 | 4/2/2022 | 1,700 | $ | 17,000 | - | $ | 17,000 | |||||||||||
#DAVEBINGSIGNED50GREATESTNBAPLAYERSLITHOGRAPH | 4/4/2022 | 651 | $ | 6,510 | $ | 2,790 | $ | 9,300 | ||||||||||
#KOUFAXPSA8 | 4/6/2022 | 660 | $ | 6,600 | $ | 1,560 | $ | 8,160 | ||||||||||
#JORDANFLEER86SGC10 | 4/6/2022 | 1140 | $ | 11,400 | $ | 1,800 | $ | 13,200 | ||||||||||
#OVECHKINSPAUTHBASKET9.5 | 4/6/2022 | 239 | $ | 2,390 | - | $ | 2,390 | |||||||||||
#JORDANEXQUISITE8.5FLASHBACK | 4/6/2022 | 1600 | $ | 16,000 | $ | 1,920 | $ | 17,920 | ||||||||||
#LEBRONCREDENTIALS | 4/6/2022 | 4200 | $ | 21,000 | - | $ | 21,000 | |||||||||||
#MANTLE1967TOPPS9 | 4/6/2022 | 152 | $ | 1,520 | - | $ | 1,520 | |||||||||||
#HONUSWAGNER1910PSA5 | 4/7/2022 | 1078 | $ | 10,780 | - | $ | 10,780 | |||||||||||
#LEBRONROOKIESHOES | 4/7/2022 | 3200 | $ | 16,000 | $ | 35,140 | $ | 51,140 | ||||||||||
#MAGICBIRDDRJ1980PSA9 | 4/7/2022 | 600 | $ | 3,000 | - | $ | 3,000 | |||||||||||
#AARONDECADEBASKET | 4/7/2022 | 752 | $ | 7,520 | $ | 1,504 | $ | 9,024 | ||||||||||
#GRIFFEY89UPPERDECKSGCGOLD | 4/7/2022 | 186 | $ | 1,860 | - | $ | 1,860 | |||||||||||
#PAULMOLITOR1978TOPPSPSA10 | 4/11/2022 | 848 | $ | 4,240 | $ | 1,060 | $ | 5,300 | ||||||||||
#NOLANRYAN1968MILTONBRADLEYPSA9 | 4/11/2022 | 3600 | $ | 18,000 | - | $ | 18,000 | |||||||||||
#MANTLE1965TOPPS9 | 4/11/2022 | 900 | $ | 4,500 | - | $ | 4,500 | |||||||||||
#CROSBYWINTERCLASSICSKATES | 4/15/2022 | 60 | $ | 600 | $ | 1,800 | $ | 2,400 | ||||||||||
#RONALDO2002PANINIFUTEBOLSTICKERSPSA10 | 4/18/2022 | 600 | $ | 6,000 | $ | 6,000 | $ | 12,000 | ||||||||||
#CASSIUSCLAYSONYLISTONUPITYPE1 | 4/21/2022 | 100 | $ | 1,000 | $ | 2,200 | $ | 3,200 |
20
Series Name | Escrow Close Date | # of Shares | Non-Cash Equity | Cash Sourcing Fees | Total Cash and Non-Cash Sourcing Fees | |||||||||||||
#KOBEBLACKHISTORYMONTHFINALSEASONSHOES | 4/25/2022 | 520 | $ | 5,200 | $ | 2,600 | $ | 7,800 | ||||||||||
#NADALNETPROGLOSSY | 4/25/2022 | 200 | $ | 2,000 | $ | 2,000 | $ | 4,000 | ||||||||||
#MANTLEDEBUTSTUB | 4/26/2022 | 700 | $ | 7,000 | $ | 9,000 | $ | 16,000 | ||||||||||
#YAODUNCANDIRKTRIPLELOGOMAN | 4/26/2022 | 1500 | $ | 7,500 | $ | 9,000 | $ | 16,500 | ||||||||||
#EMBIIDFIRST50POINTGAMEJERSEY | 4/27/2022 | 192 | $ | 1,920 | $ | 1,280 | $ | 3,200 | ||||||||||
#MANTLE1969TOPPS9 | 4/27/2022 | 580 | $ | 2,900 | - | $ | 2,900 | |||||||||||
#RIPKENROOKIEJERSEY&CARDBASKET | 5/2/2022 | 1080 | $ | 10,800 | $ | 10,800 | $ | 21,600 | ||||||||||
#TIGERWOODSDEBUTTICKET | 5/12/2022 | 490 | $ | 4,900 | $ | 6,300 | $ | 11,200 | ||||||||||
#BRADY01TICKETBOOKLET | 5/13/2022 | 0 | $ | 0 | $ | 1,440 | $ | 1,440 | ||||||||||
#1980TOPPSBASKETBALLWAX | 5/19/2022 | 687 | $ | 6,870 | $ | 3,125 | $ | 9,995 | ||||||||||
#PELE1958AMERICANAPSA3 | 5/19/2022 | 749 | $ | 7,490 | $ | 9,630 | $ | 17,120 | ||||||||||
#CHARLESBARKLEYSUNSJERSEY | 6/1/2022 | 1680 | $ | 8,400 | $ | 5,600 | $ | 14,000 | ||||||||||
#96SKYBOXE-X2000WAX | 6/1/2022 | 262 | $ | 2,620 | $ | 1,575 | $ | 4,195 | ||||||||||
#BELLINGERORANGEBGS9.5 | 6/1/2022 | 180 | $ | 1,800 | $ | 1,800 | $ | 3,600 | ||||||||||
#TIGER1STEVENTSTUB | 6/1/2022 | 640 | $ | 6,400 | $ | 6,400 | $ | 12,800 | ||||||||||
#HAMILTONCHROMEORANGESAPPHIRE | 6/23/2022 | 350 | $ | 3,500 | $ | 4,500 | $ | 8,000 | ||||||||||
#OVECHKINTHECUPBGSGEMMINT9.5 | 7/6/2022 | 4400 | $ | 44,000 | $ | 20,000 | $ | 64,000 | ||||||||||
#MANTLE51BOWMANSGC7 | 8/3/2022 | 834 | $ | 4,170 | $ | 7,993 | $ | 12,163 | ||||||||||
#49BOWMANJACKIEAUTO | 8/12/2022 | 585 | $ | 5,850 | $ | 4,550 | $ | 10,400 | ||||||||||
#CURRYGOLDTOPPSPSA10 | 8/23/2022 | 0 | $ | 0 | $ | 2,755 | $ | 2,755 | ||||||||||
#ERUZIONE1980MIRACLEONICEGOLDJERSEY | 8/30/2022 | 0 | $ | 0 | $ | 5,600 | $ | 5,600 | ||||||||||
#NOLANRYAN1968TOPPSPSA8.5 | 8/30/2022 | 100 | $ | 1,000 | $ | 2,200 | $ | 3,200 | ||||||||||
#DURANT07-08EXQUISITELIMITEDLOGOSBGS9.5 | 9/6/2022 | 2280 | $ | 22,800 | $ | 7,600 | $ | 30,400 | ||||||||||
#GRETZKY1981SPORTSILLUSTRATEDCOVERCGC9.4 | 10/4/2022 | 210 | $ | 2,100 | $ | 2,700 | $ | 4,800 | ||||||||||
#TATUMFLAWLESSGOLDBGS9.5 | 10/4/2022 | 400 | $ | 4,000 | $ | 4,000 | $ | 8,000 | ||||||||||
75,689 | $ | 604,220 | $ | 314,858 | $ | 919,078 |
21
In 2022, CSA conducted one Regulation D offering set forth below.
Series Name | Close Date | # of Shares | Non-Cash Equity | Cash Sourcing Fees | Total Cash and Non-Cash Sourcing Fees | |||||||||||||
#KOBE1997AIRBALLGAMEUSEDSHOES | 4/19/2022 | 13,230 | $ | 6,900 | $ | 10,000 | $ | 16,900 |
Item 4. Security Ownership of Management and Certain Securityholders
The Company is managed by the Manager. The address of the Manager is 120 Bloomingdale Rd., Ste 304, White Plains, NY 10605. As of the date of this filing, the Company has no voting securities issued and outstanding.
The following table sets forth information with respect to the number of units of each of our Series beneficially owned by our officers as of December 31, 2022.
Title of Class | Name of Beneficial Owner | # of Units | % (*less than 1%) | |||||||
#03ExquisiteBox | Ezra Levine | 39 | * | |||||||
#18-19BASKETBALLGROWTHBASKET | Jason Epstein | 15 | * | |||||||
#1909E95SGCSet | Ezra Levine | 3 | * | |||||||
#1909E95SGCSet | Jason Epstein | 100 | 1.3 | % | ||||||
#1959TOPPSBASEBALLSET | Ezra Levine | 18 | * | |||||||
#1964KOUFAXJERSEY | Jason Epstein | 70 | * | |||||||
#1969TOPPSBASKETBALLSET | Matthew Demchyk | 10 | * | |||||||
#1980ToppsBasketballWax | Ezra Levine | 6 | * | |||||||
#1986WAX | Jason Epstein | 15 | * | |||||||
#1986WAX | Matthew Demchyk | 426 | 5.5 | % | ||||||
#2000PLAYOFFCONTENDERSWAX | Jason Epstein | 40 | 1.6 | % | ||||||
#48LeafRuthSGC8 | Ezra Levine | 385 | 3.5 | % | ||||||
#49BowmanJackieAuto | Ezra Levine | 1 | * | |||||||
#AARON1954PSA8.5 | Ezra Levine | 296 | 2.4 | % | ||||||
#AARON1954PSA8.5 | Jason Epstein | 70 | * | |||||||
#AcunaBowman10Basket | Ezra Levine | 20 | * | |||||||
#AlexRodriguez09WSUniform | Ezra Levine | 29 | * | |||||||
#AliRookieCardBVG8 | Ezra Levine | 2 | * | |||||||
#AliRookieCardBVG8 | Jason Epstein | 10 | * | |||||||
#ALIWBCBELT | Jason Epstein | 500 | 1.2 | % | ||||||
#ALKALINE1954TOPPSPSA9 | Ezra Levine | 4 | * | |||||||
#ANDRE&HULKWRESTLINGBASKET | Ezra Levine | 45 | * | |||||||
#BobbyOrrBruinsJersey | Ezra Levine | 113 | * | |||||||
#BRADY2000SPXSPECTRUMBGS9.5 | Jason Epstein | 250 | * | |||||||
#BRADY2000SPXSPECTRUMBGS9.5 | Matthew Demchyk | 100 | * | |||||||
#BradyChampionshipTicket | Jason Epstein | 1,056 | * | |||||||
#BRADYDEBUTTICKET | Ezra Levine | 15 | * | |||||||
#BRADYPLAYOFFCONTENDERSBASKET | Jason Epstein | 4,149 | 22.2 | % | ||||||
#BRADYPLAYOFFCONTENDERSBASKET | Matthew Demchyk | 219 | 1.2 | % | ||||||
#BRADYROOKIE | Jason Epstein | 20 | * | |||||||
#CHAMBERLAINHSUNIFORM | Ezra Levine | 84 | * | |||||||
#CHAMBERLAINHSUNIFORM | Jason Epstein | 400 | 3.1 | % | ||||||
#ChamberlainPhilaJersey59-60 | Ezra Levine | 371 | * | |||||||
#ChamberlainPhilaJersey59-60 | Jason Epstein | 1,196 | * | |||||||
#ChicagoBullsDynastyHardwood | Ezra Levine | 71 | * | |||||||
#Clemente1955PSA8 | Ezra Levine | 48 | * | |||||||
#Clemente1955PSA8 | Jason Epstein | 70 | * |
22
#CLEMENTEWHITE&GRAYBASKET | Ezra Levine | 7 | * | |||||||
#CLEMENTEWHITE&GRAYBASKET | Matthew Demchyk | 35 | * | |||||||
#COBBMINTE98 | Ezra Levine | 481 | 1.6 | % | ||||||
#COBBMINTE98 | Jason Epstein | 280 | * | |||||||
#COBBVINTAGET206PHOTO | Jason Epstein | 25 | * | |||||||
#COBBVINTAGET206PHOTO | Matthew Demchyk | 25 | * | |||||||
#CristianoRonaldoRC1of1 | Ezra Levine | 615 | 1.2 | % | ||||||
#CROSBYTHECUPBASKET | Ezra Levine | 3,801 | 17.9 | % | ||||||
#CurryGoldToppsPSA10 | Jason Epstein | 1,160 | 36.3 | % | ||||||
#DIMAGGIO1933BAT | Ezra Levine | 290 | 3.0 | % | ||||||
#DonovanMitchellNT9.5 | Ezra Levine | 40 | 1.3 | % | ||||||
#DURANTCHROMEREFRACTORPSA10 | Jason Epstein | 23 | 1.8 | % | ||||||
#DWADEULTIMATE | Jason Epstein | 50 | 1.1 | % | ||||||
#EddiePlankT206PSA4 | Ezra Levine | 399 | * | |||||||
#EmbiidFirst50PointGameJersey | Ezra Levine | 1 | * | |||||||
#EMMITTSMITH10KJERSEY | Jason Epstein | 1 | * | |||||||
#EMMITTSMITH10KJERSEY | Matthew Demchyk | 459 | 7.6 | % | ||||||
#EMMITTSMITHMVPBASKET | Jason Epstein | 48 | * | |||||||
#EMMITTSMITHMVPBASKET | Matthew Demchyk | 430 | 7.4 | % | ||||||
#Eruzione1980MiracleOnIceGoldJersey | Ezra Levine | 46 | * | |||||||
#Giannis48PointGameSneakers | Ezra Levine | 12 | * | |||||||
#GIANNISGOLDIMMACULATE | Ezra Levine | 3 | * | |||||||
#GLEYBERTORRESORANGE9.5 | Jason Epstein | 30 | 1.4 | % | ||||||
#Gretzky1981SportsIllustratedCoverCGC9.4 | Ezra Levine | 276 | 7.4 | % | ||||||
#GRETZKYOPEECHEE1979 | Ezra Levine | 281 | 4.0 | % | ||||||
#GRETZKYOPEECHEE1979 | Jason Epstein | 110 | 1.6 | % | ||||||
#HamiltonChromeOrangeSapphire | Ezra Levine | 1 | * | |||||||
#HARMONKILLEBREW1955TOPPSPSA9 | Ezra Levine | 10 | * | |||||||
#HARMONKILLEBREW1955TOPPSPSA9 | Jason Epstein | 100 | 2.3 | % | ||||||
#HonusWagner1910PSA5 | Ezra Levine | 274 | 2.7 | % | ||||||
#JackieLeaf3.5 | Ezra Levine | 4 | * | |||||||
#JackieLeaf3.5 | Jason Epstein | 30 | * | |||||||
#JackieRobinson1952ToppsPSA8.5 | Ezra Levine | 419 | * | |||||||
#JackieRobinson1952ToppsPSA8.5 | Jason Epstein | 200 | * | |||||||
#JackieRobinson1952ToppsPSA8.5 | Matthew Demchyk | 100 | * | |||||||
#JackieRobinson53Topps8 | Ezra Levine | 30 | * | |||||||
#JackieRobinson53Topps8 | Jason Epstein | 200 | 2.7 | % | ||||||
#JACKIEROBINSONAUTOBAT | Jason Epstein | 10 | * | |||||||
#JETERFOILRCBASKETBGS9.5 | Jason Epstein | 13 | * | |||||||
#JimmieFoxx1938Bat | Ezra Levine | 258 | 2.6 | % | ||||||
#JimmieFoxx1938Bat | Jason Epstein | 300 | 3.0 | % | ||||||
#JimmieFoxx1938Bat | Matthew Demchyk | 195 | 2.0 | % | ||||||
#JordanExquisite8.5Flashback | Ezra Levine | 27 | * | |||||||
#JORDANEXQUISITEBGS8 | Ezra Levine | 84 | 1.0 | % | ||||||
#JORDANFLEER86SGC10 | Ezra Levine | 55 | * | |||||||
#JORDANFLEER86SGC10 | Jason Epstein | 100 | * | |||||||
#JordanLeBronMagicTripleSigs | Ezra Levine | 44 | * | |||||||
#JORDANPSA10 | Ezra Levine | 236 | 2.3 | % | ||||||
#JORDANPSA10 | Matthew Demchyk | 225 | 2.2 | % | ||||||
#JORDANROOKIEJERSEY | Jason Epstein | 30 | * |
23
#JORDANSIGNEDPROFESSIONALBAT | Ezra Levine | 2 | * | |||||||
#KareemPointsRecordBall | Ezra Levine | 4 | * | |||||||
#KAWHIBASKET | Jason Epstein | 1,370 | 57.4 | % | ||||||
#KevinDurantHSJersey | Ezra Levine | 36 | * | |||||||
#KobeBryant2001WarmUpJacket | Ezra Levine | 529 | 2.5 | % | ||||||
#KobeBryantFirstWhite#24Jersey | Ezra Levine | 159 | * | |||||||
#KobeBryantFirstWhite#24Jersey | Jason Epstein | 20 | * | |||||||
#KobeBryantRoyalBlueJordanSneakers | Jason Epstein | 10 | * | |||||||
#KobeLeBronJordanMagicQuadAuto | Ezra Levine | 353 | 1.4 | % | ||||||
#KOUFAX55PSA9 | Ezra Levine | 560 | 1.1 | % | ||||||
#LBJEXQUISITE | Ezra Levine | 9 | * | |||||||
#LBJEXQUISITE | Jason Epstein | 975 | * | |||||||
#LEBRONBLACKREFRACTOR | Ezra Levine | 43 | * | |||||||
#LEBRONBLACKREFRACTOR | Jason Epstein | 60 | * | |||||||
#LEBRONCREDENTIALS | Ezra Levine | 91 | * | |||||||
#LeBronMeloDualLogoman | Ezra Levine | 25 | * | |||||||
#LeBronMeloDualLogoman | Jason Epstein | 10 | * | |||||||
#LEBRONMELOWADETRIORC | Ezra Levine | 74 | * | |||||||
#LEBRONULTIMATE | Ezra Levine | 16 | * | |||||||
#LukaRookieJersey | Ezra Levine | 99 | * | |||||||
#LukaRookieJersey | Jason Epstein | 200 | * | |||||||
#LukaWhiteSparkle | Ezra Levine | 1 | * | |||||||
#LukaWhiteSparkle | Jason Epstein | 200 | * | |||||||
#MAGICBIRDDRJPSA8BASKET | Jason Epstein | 668 | 23.7 | % | ||||||
#MAGICBIRDLOGOMAN | Ezra Levine | 135 | * | |||||||
#MAGICBIRDLOGOMAN | Jason Epstein | 40 | * | |||||||
#MahomesBronzeBasket | Ezra Levine | 4 | * | |||||||
#MahomesImmaculate1of1 | Ezra Levine | 22 | * | |||||||
#MahomesImmaculate1of1 | Jason Epstein | 35 | * | |||||||
#MahomesNT1of1 | Ezra Levine | 942 | * | |||||||
#MahomesNT1of1 | Jason Epstein | 3,200 | * | |||||||
#MahomesNT1of1 | Matthew Demchyk | 1,000 | * | |||||||
#MahomesNT8.5 | Ezra Levine | 47 | * | |||||||
#MANTLE1952TOPPSPSA8 | Ezra Levine | 115 | * | |||||||
#MANTLE1952TOPPSPSA8 | Jason Epstein | 112 | * | |||||||
#MANTLE1952TOPPSPSA8 | Matthew Demchyk | 1,794 | 3.6 | % | ||||||
#Mantle1953Bowman8Basket | Ezra Levine | 40 | * | |||||||
#Mantle1953Topps8 | Ezra Levine | 211 | 2.0 | % | ||||||
#Mantle1953Topps8 | Jason Epstein | 100 | * | |||||||
#MANTLE1956PSA8BASKET | Jason Epstein | 1,749 | 29.5 | % | ||||||
#Mantle1957ToppsPSA8.5 | Ezra Levine | 20 | * | |||||||
#MANTLE1960PSA9 | Jason Epstein | 30 | * | |||||||
#MANTLE52TOPPSPSA7 | Ezra Levine | 45 | * | |||||||
#MANTLE52TOPPSPSA7 | Matthew Demchyk | 1,300 | 4.1 | % | ||||||
#Mantle54BowmanBasket | Ezra Levine | 6 | * | |||||||
#Mantle54BowmanBasket | Jason Epstein | 1,401 | 26.3 | % | ||||||
#MantleDebutStub | Ezra Levine | 103 | * |
24
#Maris58ToppsPSA9 | Jason Epstein | 100 | 1.7 | % | ||||||
#MAYS1951BOWMAN7 | Jason Epstein | 13 | * | |||||||
#MAYS1952PSA8 | Ezra Levine | 291 | 1.2 | % | ||||||
#MAYS1952PSA8 | Jason Epstein | 10 | * | |||||||
#MAYS1959PSA9BASKET | Jason Epstein | 620 | 12.2 | % | ||||||
#MayweatherRCPSA10 | Ezra Levine | 8 | * | |||||||
#MessiMegacracks#71PSA9 | Ezra Levine | 1 | * | |||||||
#MESSIROOKIEBASKET | Matthew Demchyk | 379 | 4.0 | % | ||||||
#Mikan48BowmanPSA7 | Ezra Levine | 5 | * | |||||||
#Mikan48BowmanPSA7 | Jason Epstein | 160 | 1.9 | % | ||||||
#Mikan48BowmanPSA7 | Matthew Demchyk | 200 | 2.4 | % | ||||||
#MONTANARCPSA10 | Ezra Levine | 76 | 1.1 | % | ||||||
#MONTANARCPSA10 | Jason Epstein | 5 | * | |||||||
#MONTANARCPSA10 | Matthew Demchyk | 94 | 1.4 | % | ||||||
#MOOKIEBETTSGLOVE | Ezra Levine | 64 | 1.0 | % | ||||||
#NadalNetProGlossy | Ezra Levine | 20 | * | |||||||
#NadalNetProGlossy | Jason Epstein | 4 | * | |||||||
#OvechkinTheCupBGSGemMint9.5 | Ezra Levine | 56 | * | |||||||
#PaulMolitor1978ToppsPSA10 | Ezra Levine | 49 | * | |||||||
#PeytonManningMVPHelmet | Ezra Levine | 1,174 | 3.1 | % | ||||||
#RONALDO2002PANINIFUTEBOLSTICKERSPSA10 | Ezra Levine | 137 | 1.2 | % | ||||||
#RoyCampanella1949BowmanPSA9 | Ezra Levine | 152 | 2.5 | % | ||||||
#Ruth1914BaltimoreNewsSGC3 | Ezra Levine | 118 | * | |||||||
#Ruth33GoudeySGC8 | Ezra Levine | 397 | 2.8 | % | ||||||
#Ruth33GoudeySGC8 | Jason Epstein | 175 | 1.2 | % | ||||||
#RUTHGEHRIGBALL | Ezra Levine | 122 | 6.0 | % | ||||||
#RUTHGEHRIGBALL | Jason Epstein | 320 | 15.7 | % | ||||||
#RUTHGEHRIGBALL | Matthew Demchyk | 135 | 6.6 | % | ||||||
#SadaharuOhBat | Ezra Levine | 6 | * | |||||||
#SandyKoufax1956ToppsGrayBackPSA9 | Ezra Levine | 27 | * | |||||||
#ShoelessJoeJackson1915PSA8 | Ezra Levine | 93 | * | |||||||
#TatumFlawlessGoldBGS9.5 | Ezra Levine | 3 | * | |||||||
#TEDWILLIAMS1939PLAYBALL | Ezra Levine | 25 | * | |||||||
#TheRockBumbleBeePSA10 | Jason Epstein | 500 | 5.2 | % | ||||||
#TheRockBumbleBeePSA10 | Matthew Demchyk | 3 | * | |||||||
#Tiger1stEventStub | Matthew Demchyk | 100 | 1.1 | % | ||||||
#TIGERPUTTER | Ezra Levine | 331 | 1.5 | % | ||||||
#TIGERPUTTER | Jason Epstein | 60 | * | |||||||
#TIGERSPAUTHENTICBGS9.5 | Jason Epstein | 13 | * | |||||||
#TigerWoodsDebutTicket | Ezra Levine | 1 | * | |||||||
#TimDuncanPMGGreen | Ezra Levine | 1 | * | |||||||
#TROUTFINESTSUPERFRACTOR | Jason Epstein | 10 | * | |||||||
#TysonRCBGS9Basket | Ezra Levine | 51 | * | |||||||
#UnitasPSA8 | Ezra Levine | 5 | * | |||||||
#WarrenSpahn1948LeafPSA9 | Ezra Levine | 245 | 2.6 | % | ||||||
#WILTCHAMBERLAIN1961FLEERRCPSA9 | Ezra Levine | 343 | * | |||||||
#YAODUNCANDIRKTRIPLELOGOMAN | Ezra Levine | 2 | * | |||||||
#ZionPrizmsBlueBGS10 | Jason Epstein | 20 | * |
25
The following table sets forth information with respect to the number of units of each of our Series beneficially owned by the Manager and by all persons who beneficially own (10%) ten percent or more of any Series as of December 31, 2022.
Series | Name and Address of Beneficial Owner | Amount and Nature of Beneficial Ownership (1) | Percent of Class | |||||||
#03ExquisiteBox | Anthony Loparo (3) | 2,588 | 30.5 | % | ||||||
#03ExquisiteBox | CS Asset Manager (2) | 1,106 | 13.1 | % | ||||||
#03ToppsChromeWax | CS Asset Manager (2) | 251 | 10.3 | % | ||||||
#18-19BASKETBALLGROWTHBASKET | CS Asset Manager (2) | 65 | 2.9 | % | ||||||
#1909E95SGCSet | Jack Smith (3) | 1,796 | 24.2 | % | ||||||
#1909E95SGCSet | CS Asset Manager (2) | 387 | 5.2 | % | ||||||
#1959TOPPSBASEBALLSET | Justin Cornett (3) | 1,500 | 17.5 | % | ||||||
#1959TOPPSBASEBALLSET | CS Asset Manager (2) | 2,887 | 33.7 | % | ||||||
#1964KOUFAXJERSEY | Platt Group (3) | 30,000 | 68.4 | % | ||||||
#1964KOUFAXJERSEY | CS Asset Manager (2) | 1,073 | 2.4 | % | ||||||
#1969TOPPSBASKETBALLSET | Jason Pond (3) | 2,835 | 46.5 | % | ||||||
#1969TOPPSBASKETBALLSET | CS Asset Manager (2) | 182 | 3.0 | % | ||||||
#1980ToppsBasketballWax | CS Asset Manager (2) | 6,520 | 87.4 | % | ||||||
#1986WAX | Evan Mathis (3) | 1,840 | 23.7 | % | ||||||
#1986WAX | Robert Deaton (3) | 834 | 10.7 | % | ||||||
#1986WAX | CS Asset Manager (2) | 398 | 5.1 | % | ||||||
#2000PLAYOFFCONTENDERSWAX | CS Asset Manager (2) | 229 | 9.3 | % | ||||||
#48LeafRuthSGC8 | CS Asset Manager (2) | 457 | 4.2 | % | ||||||
#49BowmanJackieAuto | Mayer Kaiser (3) | 4,120 | 53.4 | % | ||||||
#49BowmanJackieAuto | CS Asset Manager (2) | 1,862 | 24.1 | % | ||||||
#96SkyboxE-X2000Wax | Matthew Marcom (3) | 881 | 27.4 | % | ||||||
#96SkyboxE-X2000Wax | CS Asset Manager (2) | 1,619 | 50.3 | % | ||||||
#AARON1954PSA8.5 | Ben Federman (3) | 5,687 | 45.7 | % | ||||||
#AARON1954PSA8.5 | CS Asset Manager (2) | 278 | 2.2 | % | ||||||
#AARONDECADEBASKET | Ben Federman (3) | 1,251 | 14.5 | % | ||||||
#AARONDECADEBASKET | Jude Arena (3) | 1,155 | 13.3 | % | ||||||
#AARONDECADEBASKET | CS Asset Manager (2) | 1,386 | 16.0 | % | ||||||
#AcunaBowman10Basket | Eric Bitz (3) | 3,028 | 29.3 | % | ||||||
#AcunaBowman10Basket | CS Asset Manager (2) | 1,333 | 12.9 | % | ||||||
#ACUNAGOLD9.5 | CS Asset Manager (2) | 285 | 5.2 | % | ||||||
#AlexRodriguez09WSUniform | Jason Silverstein (3) | 8,404 | 76.1 | % | ||||||
#AlexRodriguez09WSUniform | CS Asset Manager (2) | 1,693 | 15.3 | % | ||||||
#AliRookieCardBVG8 | Jack Smith (3) | 2,000 | 32.9 | % | ||||||
#AliRookieCardBVG8 | John Dwan (3) | 654 | 10.8 | % | ||||||
#AliRookieCardBVG8 | CS Asset Manager (2) | 825 | 13.6 | % | ||||||
#ALIWBCBELT | Jack Smith (3) | 5,218 | 12.1 | % | ||||||
#ALIWBCBELT | Platt Group (3) | 30,000 | 69.4 | % | ||||||
#ALKALINE1954TOPPSPSA9 | CS Asset Manager (2) | 1,882 | 44.2 | % |
26
#ANDRE&HULKWRESTLINGBASKET | David Arons (3) | 6,265 | 49.5 | % | ||||||
#ANDRE&HULKWRESTLINGBASKET | CS Asset Manager (2) | 889 | 7.0 | % | ||||||
#ANDRETHEGIANT | Platt Group (3) | 1,700 | 57.2 | % | ||||||
#ANDRETHEGIANT | CS Asset Manager (2) | 49 | 1.6 | % | ||||||
#BabeRuthBowsOutPhoto | Alec Berman (3) | 2,750 | 26.2 | % | ||||||
#BabeRuthBowsOutPhoto | Justin Cornett (3) | 2,728 | 25.9 | % | ||||||
#BabeRuthBowsOutPhoto | CS Asset Manager (2) | 511 | 4.9 | % | ||||||
#BellingerOrangeBGS9.5 | Benjamin Reynolds (3) | 1,130 | 40.6 | % | ||||||
#BellingerOrangeBGS9.5 | Matthew Eckerson (3) | 600 | 21.6 | % | ||||||
#BellingerOrangeBGS9.5 | CS Asset Manager (2) | 568 | 20.4 | % | ||||||
#BettsBlueRefractorBasket | CS Asset Manager (2) | 118 | 3.5 | % | ||||||
#BETTSGOLDREFRACTORBASKET | Ryan Oakes (3) | 884 | 13.8 | % | ||||||
#BETTSGOLDREFRACTORBASKET | CS Asset Manager (2) | 541 | 8.4 | % | ||||||
#BobbyOrrBruinsJersey | Anthony Arnold (3) | 16,687 | 38.9 | % | ||||||
#BobbyOrrBruinsJersey | Justin Cornett (3) | 14,470 | 33.7 | % | ||||||
#BobbyOrrBruinsJersey | CS Asset Manager (2) | 5,057 | 11.8 | % | ||||||
#Brady01TicketBooklet | Jeffrey Hile (3) | 161 | 13.4 | % | ||||||
#Brady01TicketBooklet | CS Asset Manager (2) | 403 | 33.6 | % | ||||||
#BRADY2000SPXSPECTRUMBGS9.5 | Andrew Spellman (3) | 12,500 | 22.2 | % | ||||||
#BRADY2000SPXSPECTRUMBGS9.5 | Cristina Carlino (3) | 12,500 | 22.2 | % | ||||||
#BRADY2000SPXSPECTRUMBGS9.5 | CS Asset Manager (2) | 1,937 | 3.4 | % | ||||||
#BradyBowman10 | Gary Bulicki (3) | 970 | 30.9 | % | ||||||
#BradyBowman10 | CS Asset Manager (2) | 226 | 7.2 | % | ||||||
#BradyChampionshipTicket | Gary Bulicki (3) | 182,630 | 79.0 | % | ||||||
#BradyChampionshipTicket | CS Asset Manager (2) | 15,722 | 6.8 | % | ||||||
#BRADYDEBUTTICKET | Shawn Talaro (3) | 2,000 | 17.3 | % | ||||||
#BRADYDEBUTTICKET | CS Asset Manager (2) | 1,802 | 15.6 | % | ||||||
#BRADYPLAYOFFCONTENDERSBASKET | Jason Epstein (3) | 4,149 | 22.2 | % | ||||||
#BRADYPLAYOFFCONTENDERSBASKET | CS Asset Manager (2) | 504 | 2.7 | % | ||||||
#BRADYROOKIE | Jeffrey Clarke (3) | 726 | 12.2 | % | ||||||
#BRADYROOKIE | Matthew Marcom (3) | 1,674 | 28.0 | % | ||||||
#BRADYROOKIE | CS Asset Manager (2) | 240 | 4.0 | % | ||||||
#CassiusClaySonyListonUPIType1 | Charles Barokas (3) | 850 | 34.1 | % | ||||||
#CassiusClaySonyListonUPIType1 | Christopher Allen (3) | 800 | 32.1 | % | ||||||
#CassiusClaySonyListonUPIType1 | CS Asset Manager (2) | 76 | 3.0 | % | ||||||
#CHAMBERLAINHSUNIFORM | Anthony Arnold (3) | 2,400 | 18.5 | % | ||||||
#CHAMBERLAINHSUNIFORM | Justin Cornett (3) | 2,997 | 23.1 | % | ||||||
#CHAMBERLAINHSUNIFORM | Platt Group (3) | 5,960 | 45.8 | % | ||||||
#CHAMBERLAINHSUNIFORM | CS Asset Manager (2) | 392 | 3.0 | % | ||||||
#ChamberlainPhilaJersey59-60 | David Kohler (3) | 32,646 | 24.5 | % | ||||||
#ChamberlainPhilaJersey59-60 | Justin Cornett (3) | 60,000 | 44.9 | % | ||||||
#ChamberlainPhilaJersey59-60 | CS Asset Manager (2) | 7,046 | 5.3 | % | ||||||
#CharlesBarkleySunsJersey | Jason Silverstein (3) | 23,701 | 74.1 | % | ||||||
#CharlesBarkleySunsJersey | CS Asset Manager (2) | 5,658 | 17.7 | % | ||||||
#ChicagoBullsDynastyHardwood | Jason Silverstein (3) | 54,213 | 74.0 | % | ||||||
#ChicagoBullsDynastyHardwood | CS Asset Manager (2) | 8,918 | 12.2 | % |
27
#ChrisBoshGameWornRaptorsSneakers | Jason Silverstein (3) | 1,898 | 52.3 | % | ||||||
#ChrisBoshGameWornRaptorsSneakers | CS Asset Manager (2) | 460 | 12.7 | % | ||||||
#Clemente1955PSA8 | Ben Federman (3) | 1,955 | 23.3 | % | ||||||
#Clemente1955PSA8 | CS Asset Manager (2) | 389 | 4.6 | % | ||||||
#Clemente65-68Bat | CS Asset Manager (2) | 5,437 | 85.7 | % | ||||||
#CLEMENTEWHITE&GRAYBASKET | Ben Federman (3) | 5,039 | 43.9 | % | ||||||
#CLEMENTEWHITE&GRAYBASKET | CS Asset Manager (2) | 323 | 2.8 | % | ||||||
#COBBMINTE98 | CS Asset Manager (2) | 2,183 | 7.1 | % | ||||||
#COBBVINTAGET206PHOTO | Justin Cornett (3) | 2,367 | 43.6 | % | ||||||
#COBBVINTAGET206PHOTO | CS Asset Manager (2) | 325 | 6.0 | % | ||||||
#CristianoRonaldoRC1of1 | Adam Rowe (3) | 17,219 | 32.3 | % | ||||||
#CristianoRonaldoRC1of1 | Jack Smith (3) | 6,500 | 12.2 | % | ||||||
#CristianoRonaldoRC1of1 | CS Asset Manager (2) | 7,974 | 15.0 | % | ||||||
#CROSBYTHECUPBASKET | Ezra Levine (3) | 3,801 | 17.9 | % | ||||||
#CROSBYTHECUPBASKET | Michael Cancelliere (3) | 2,250 | 10.6 | % | ||||||
#CROSBYTHECUPBASKET | CS Asset Manager (2) | 910 | 4.3 | % | ||||||
#CrosbyWinterClassicSkates | Eric Shuffler (3) | 250 | 13.1 | % | ||||||
#CrosbyWinterClassicSkates | John Bradley (3) | 810 | 42.4 | % | ||||||
#CrosbyWinterClassicSkates | CS Asset Manager (2) | 551 | 28.8 | % | ||||||
#CurryGoldToppsPSA10 | Jason Epstein (3) | 1,160 | 36.3 | % | ||||||
#CurryGoldToppsPSA10 | CS Asset Manager (2) | 365 | 11.4 | % | ||||||
#DaveBingSigned50GreatestNBAPlayersLithograph | Jason Silverstein (3) | 7,231 | 67.9 | % | ||||||
#DaveBingSigned50GreatestNBAPlayersLithograph | CS Asset Manager (2) | 1,319 | 12.4 | % | ||||||
#DIMAGGIO1933BAT | Justin Cornett (3) | 4,431 | 45.4 | % | ||||||
#DIMAGGIO1933BAT | CS Asset Manager (2) | 573 | 5.9 | % | ||||||
#DONCICBLUEPSA10 | Jeffrey Clarke (3) | 1,562 | 24.1 | % | ||||||
#DONCICBLUEPSA10 | CS Asset Manager (2) | 229 | 3.5 | % | ||||||
#DonovanMitchellNT9.5 | Phillip Hymas (3) | 504 | 16.1 | % | ||||||
#DonovanMitchellNT9.5 | CS Asset Manager (2) | 257 | 8.2 | % | ||||||
#Durant07-08ExquisiteLimitedLogosBGS9.5 | Liam Patrick (3) | 10,000 | 44.9 | % | ||||||
#Durant07-08ExquisiteLimitedLogosBGS9.5 | CS Asset Manager (2) | 12,267 | 55.1 | % | ||||||
#DURANTCHROMEREFRACTORPSA10 | CS Asset Manager (2) | 47 | 3.6 | % | ||||||
#DWADEULTIMATE | Wesley Love (3) | 538 | 12.2 | % | ||||||
#DWADEULTIMATE | CS Asset Manager (2) | 372 | 8.4 | % | ||||||
#EddiePlankT206PSA4 | Ben Federman (3) | 37,064 | 58.2 | % | ||||||
#EddiePlankT206PSA4 | CS Asset Manager (2) | 8,541 | 13.4 | % | ||||||
#ELWAY1984ROOKIECARDPSA10BASKET | Jack Smith (3) | 744 | 23.8 | % | ||||||
#ELWAY1984ROOKIECARDPSA10BASKET | Jeffrey Clarke (3) | 750 | 24.0 | % | ||||||
#ELWAY1984ROOKIECARDPSA10BASKET | CS Asset Manager (2) | 124 | 4.0 | % | ||||||
#EmbiidFirst50PointGameJersey | Jason Silverstein (3) | 2,934 | 74.4 | % | ||||||
#EmbiidFirst50PointGameJersey | CS Asset Manager (2) | 472 | 12.0 | % | ||||||
#EMMITTSMITH10KJERSEY | Emmitt Smith (3) | 3,500 | 57.9 | % | ||||||
#EMMITTSMITH10KJERSEY | CS Asset Manager (2) | 354 | 5.9 | % | ||||||
#EMMITTSMITHMVPBASKET | Emmitt Smith (3) | 3,500 | 59.8 | % | ||||||
#EMMITTSMITHMVPBASKET | CS Asset Manager (2) | 315 | 5.4 | % | ||||||
#ERLINGHAALANDPSA10BASKET | Jack Smith (3) | 700 | 48.1 | % | ||||||
#ERLINGHAALANDPSA10BASKET | CS Asset Manager (2) | 157 | 10.8 | % | ||||||
#Eruzione1980MiracleOnIceGoldJersey | Larry Richmond (3) | 56,034 | 79.1 | % | ||||||
#Eruzione1980MiracleOnIceGoldJersey | Peter Iskowitz (3) | 13,962 | 19.7 | % | ||||||
#Eruzione1980MiracleOnIceGoldJersey | CS Asset Manager (2) | 52 | * |
28
#GaryCarter1975PSA10Basket | Ben Federman (3) | 1,087 | 27.9 | % | ||||||
#GaryCarter1975PSA10Basket | CS Asset Manager (2) | 200 | 5.1 | % | ||||||
#Giannis48PointGameSneakers | Jack Smith (3) | 2,000 | 38.2 | % | ||||||
#Giannis48PointGameSneakers | CS Asset Manager (2) | 955 | 18.2 | % | ||||||
#GIANNISGOLDIMMACULATE | Michael Cancelliere (3) | 850 | 16.6 | % | ||||||
#GIANNISGOLDIMMACULATE | CS Asset Manager (2) | 503 | 9.8 | % | ||||||
#GLEYBERTORRESORANGE9.5 | CS Asset Manager (2) | 95 | 4.3 | % | ||||||
#Gretzky1979Topps9 | Ben Federman (3) | 1,487 | 12.5 | % | ||||||
#Gretzky1979Topps9 | Matthew Marcom (3) | 2,059 | 17.3 | % | ||||||
#Gretzky1979Topps9 | CS Asset Manager (2) | 1,828 | 15.4 | % | ||||||
#Gretzky1981SportsIllustratedCoverCGC9.4 | CS Asset Manager (2) | 2,940 | 78.4 | % | ||||||
#GRETZKYOPEECHEE1979 | Matthew Marcom (3) | 844 | 11.9 | % | ||||||
#GRETZKYOPEECHEE1979 | CS Asset Manager (2) | 315 | 4.5 | % | ||||||
#GRIFFEY89UPPERDECKSGCGOLD | CS Asset Manager (2) | 203 | 11.7 | % | ||||||
#HamiltonChromeOrangeSapphire | Carl Tirella (3) | 3,037 | 50.6 | % | ||||||
#HamiltonChromeOrangeSapphire | CS Asset Manager (2) | 1,106 | 18.4 | % | ||||||
#HARMONKILLEBREW1955TOPPSPSA9 | CS Asset Manager (2) | 2,774 | 63.1 | % | ||||||
#HonusWagner1910PSA5 | Ben Federman (3) | 1,318 | 13.1 | % | ||||||
#HonusWagner1910PSA5 | CS Asset Manager (2) | 1,078 | 10.7 | % | ||||||
#JackieLeaf3.5 | CS Asset Manager (2) | 899 | 10.7 | % | ||||||
#JackieRobinson1952ToppsPSA8.5 | Jude Arena (3) | 10,855 | 18.8 | % | ||||||
#JackieRobinson1952ToppsPSA8.5 | Marcia Levy (3) | 20,000 | 34.7 | % | ||||||
#JackieRobinson1952ToppsPSA8.5 | CS Asset Manager (2) | 4,318 | 7.5 | % | ||||||
#JackieRobinson53Topps8 | Jack Smith (3) | 1,991 | 26.9 | % | ||||||
#JackieRobinson53Topps8 | CS Asset Manager (2) | 1,021 | 13.8 | % | ||||||
#JACKIEROBINSONAUTOBAT | Jack Smith (3) | 609 | 33.5 | % | ||||||
#JACKIEROBINSONAUTOBAT | Platt Group (3) | 797 | 43.9 | % | ||||||
#JACKIEROBINSONAUTOBAT | CS Asset Manager (2) | 8 | * | |||||||
#JETERFOILRCBASKETBGS9.5 | CS Asset Manager (2) | 270 | 2.6 | % | ||||||
#JimmieFoxx1938Bat | Justin Cornett (3) | 3,500 | 35.5 | % | ||||||
#JimmieFoxx1938Bat | Louis Papa (3) | 1,000 | 10.1 | % | ||||||
#JimmieFoxx1938Bat | CS Asset Manager (2) | 2,336 | 23.7 | % | ||||||
#JokicRefractor1of1 | CS Asset Manager (2) | 96 | 4.0 | % | ||||||
#JORDAN86FLEERBGS9.5BASKET | CS Asset Manager (2) | 2,818 | 9.8 | % | ||||||
#JordanExquisite8.5Flashback | Robert Servideo (3) | 11,152 | 63.9 | % | ||||||
#JordanExquisite8.5Flashback | CS Asset Manager (2) | 2,544 | 14.6 | % | ||||||
#JORDANEXQUISITEBGS8 | CS Asset Manager (2) | 1,232 | 15.2 | % | ||||||
#JORDANFLEER86SGC10 | CS Asset Manager (2) | 2,030 | 10.1 | % | ||||||
#JordanLeBronMagicTripleSigs | Jack Smith (3) | 1,048 | 12.1 | % | ||||||
#JordanLeBronMagicTripleSigs | CS Asset Manager (2) | 570 | 6.6 | % | ||||||
#JordanLeBronSignoftheTimes | Andrew Spellman (3) | 2,094 | 12.2 | % | ||||||
#JordanLeBronSignoftheTimes | Jack Smith (3) | 3,150 | 18.4 | % | ||||||
#JordanLeBronSignoftheTimes | CS Asset Manager (2) | 476 | 2.8 | % | ||||||
#JORDANPSA10 | Ben Federman (3) | 1,011 | 10.0 | % | ||||||
#JORDANPSA10 | Christopher Allen (3) | 1,500 | 14.9 | % | ||||||
#JORDANPSA10 | CS Asset Manager (2) | 75 | * | |||||||
#JORDANROOKIEJERSEY | Platt Group (3) | 15,750 | 63.9 | % | ||||||
#JORDANROOKIEJERSEY | CS Asset Manager (2) | 249 | 1.0 | % | ||||||
#JORDANSIGNEDPROFESSIONALBAT | Elliot Tebele (3) | 1,300 | 24.6 | % | ||||||
#JORDANSIGNEDPROFESSIONALBAT | Matthew Arnold (3) | 780 | 14.7 | % | ||||||
#JORDANSIGNEDPROFESSIONALBAT | CS Asset Manager (2) | 337 | 6.4 | % |
29
#JoshAllenGoldBGS9.5 | Zachary Polen (3) | 1,598 | 51.1 | % | ||||||
#JoshAllenGoldBGS9.5 | CS Asset Manager (2) | 39 | 1.2 | % | ||||||
#JustinHerbertHiddenTreasureRPA | Wesley Love (3) | 1,458 | 11.2 | % | ||||||
#JustinHerbertHiddenTreasureRPA | CS Asset Manager (2) | 997 | 7.7 | % | ||||||
#KareemPointsRecordBall | Mark Pepitone (3) | 28,477 | 72.6 | % | ||||||
#KareemPointsRecordBall | CS Asset Manager (2) | 5,302 | 13.5 | % | ||||||
#KAWHIBASKET | Jason Epstein (3) | 1,370 | 57.4 | % | ||||||
#KAWHIBASKET | CS Asset Manager (2) | 47 | 2.0 | % | ||||||
#KevinDurantHSJersey | Jason Silverstein (3) | 9,386 | 41.3 | % | ||||||
#KevinDurantHSJersey | Justin Cornett (3) | 2,500 | 11.0 | % | ||||||
#KevinDurantHSJersey | Sheel Tyle (3) | 4,500 | 19.8 | % | ||||||
#KevinDurantHSJersey | CS Asset Manager (2) | 2,444 | 10.8 | % | ||||||
#KobeBlackHistoryMonthFinalSeasonShoes | Jason Silverstein (3) | 3,968 | 51.4 | % | ||||||
#KobeBlackHistoryMonthFinalSeasonShoes | CS Asset Manager (2) | 1,248 | 16.2 | % | ||||||
#KobeBryant2001WarmUpJacket | Jason Silverstein (3) | 8,767 | 41.9 | % | ||||||
#KobeBryant2001WarmUpJacket | CS Asset Manager (2) | 3,821 | 18.3 | % | ||||||
#KobeBryantFirstWhite#24Jersey | Jason Silverstein (3) | 63,104 | 44.4 | % | ||||||
#KobeBryantFirstWhite#24Jersey | Sheel Tyle (3) | 25,000 | 17.6 | % | ||||||
#KobeBryantFirstWhite#24Jersey | CS Asset Manager (2) | 14,804 | 10.4 | % | ||||||
#KobeBryantRoyalBlueJordanSneakers | Elliot Tebele (3) | 1,083 | 11.6 | % | ||||||
#KobeBryantRoyalBlueJordanSneakers | CS Asset Manager (2) | 1,974 | 21.2 | % | ||||||
#KobeFinalSeasonSneakers | Jack Smith (3) | 2,500 | 38.6 | % | ||||||
#KobeFinalSeasonSneakers | CS Asset Manager (2) | 595 | 9.2 | % | ||||||
#KobeLeBronJordanMagicQuadAuto | Adam Rowe (3) | 7,762 | 30.6 | % | ||||||
#KobeLeBronJordanMagicQuadAuto | CS Asset Manager (2) | 3,891 | 15.3 | % | ||||||
#KOBEREEBOKIVERSONRETROS | Jack Smith (3) | 3,125 | 27.2 | % | ||||||
#KOBEREEBOKIVERSONRETROS | CS Asset Manager (2) | 603 | 5.2 | % | ||||||
#KOUFAX55PSA9 | Ben Federman (3) | 22,835 | 45.9 | % | ||||||
#KOUFAX55PSA9 | Jude Arena (3) | 5,218 | 10.5 | % | ||||||
#KOUFAX55PSA9 | CS Asset Manager (2) | 2,188 | 4.4 | % | ||||||
#KOUFAXPSA8 | CS Asset Manager (2) | 2,225 | 50.1 | % | ||||||
#LBJEXQUISITE | Gary Bulicki (3) | 99,734 | 71.9 | % | ||||||
#LBJEXQUISITE | CS Asset Manager (2) | 8,619 | 6.2 | % | ||||||
#LBJKobeToppsBasket | CS Asset Manager (2) | 375 | 20.3 | % | ||||||
#LeBronBlackDiamond | Matthew Marcom (3) | 3,330 | 21.1 | % | ||||||
#LeBronBlackDiamond | CS Asset Manager (2) | 2,536 | 16.1 | % | ||||||
#LEBRONBLACKREFRACTOR | CS Asset Manager (2) | 608 | 4.5 | % | ||||||
#LEBRONCREDENTIALS | Mark Saidov (3) | 7,145 | 19.3 | % | ||||||
#LEBRONCREDENTIALS | CS Asset Manager (2) | 14,248 | 38.6 | % | ||||||
#LEBRONEMBLEMSOFENDORSEMENT | Andrew Spellman (3) | 3,822 | 34.6 | % | ||||||
#LEBRONEMBLEMSOFENDORSEMENT | Stephen Patrick (3) | 2,500 | 22.6 | % | ||||||
#LEBRONEMBLEMSOFENDORSEMENT | CS Asset Manager (2) | 146 | 1.3 | % | ||||||
#LeBronMeloBosh2008TripleLogoMan | Adam Rowe (3) | 43,766 | 70.6 | % | ||||||
#LeBronMeloBosh2008TripleLogoMan | CS Asset Manager (2) | 8,853 | 14.3 | % | ||||||
#LeBronMeloDualLogoman | Andrew Spellman (3) | 35,828 | 32.3 | % | ||||||
#LeBronMeloDualLogoman | Jeffrey Clarke (3) | 13,019 | 11.7 | % |
30
#LeBronMeloDualLogoman | Jerod Mayo (3) | 34,685 | 31.2 | % | ||||||
#LeBronMeloDualLogoman | CS Asset Manager (2) | 9,144 | 8.2 | % | ||||||
#LEBRONMELOWADETRIORC | Eric Olander (3) | 24,640 | 65.0 | % | ||||||
#LEBRONMELOWADETRIORC | CS Asset Manager (2) | 2,075 | 5.5 | % | ||||||
#LeBronRookieShoes | Elliot Tebele (3) | 39,482 | 42.4 | % | ||||||
#LeBronRookieShoes | Jason Silverstein (3) | 34,145 | 36.6 | % | ||||||
#LeBronRookieShoes | CS Asset Manager (2) | 11,069 | 11.9 | % | ||||||
#LEBRONULTIMATE | Matthew Feng (3) | 4,125 | 22.2 | % | ||||||
#LEBRONULTIMATE | Michael Cancelliere (3) | 3,851 | 20.7 | % | ||||||
#LEBRONULTIMATE | CS Asset Manager (2) | 509 | 2.7 | % | ||||||
#LOUGEHRIGRCPHOTO | Benjamin Weingarten (3) | 2,601 | 47.9 | % | ||||||
#LOUGEHRIGRCPHOTO | CS Asset Manager (2) | 699 | 12.9 | % | ||||||
#LukaRookieJersey | Jason Silverstein (3) | 24,870 | 47.6 | % | ||||||
#LukaRookieJersey | CS Asset Manager (2) | 2,333 | 4.5 | % | ||||||
#LukaWhiteSparkle | Liam Patrick (3) | 12,895 | 17.9 | % | ||||||
#LukaWhiteSparkle | CS Asset Manager (2) | 6,373 | 8.8 | % | ||||||
#MAGICBIRDDRJ1980PSA9 | CS Asset Manager (2) | 599 | 9.1 | % | ||||||
#MAGICBIRDDRJPSA8BASKET | Jason Epstein (3) | 668 | 23.7 | % | ||||||
#MAGICBIRDDRJPSA8BASKET | CS Asset Manager (2) | 43 | 1.5 | % | ||||||
#MAGICBIRDLOGOMAN | Louis Papa (3) | 23,871 | 46.6 | % | ||||||
#MAGICBIRDLOGOMAN | CS Asset Manager (2) | 1,735 | 3.4 | % | ||||||
#MahomesBronzeBasket | Robert Servideo (3) | 12,984 | 56.5 | % | ||||||
#MahomesBronzeBasket | CS Asset Manager (2) | 2,930 | 12.7 | % | ||||||
#MahomesImmaculate1of1 | CS Asset Manager (2) | 953 | 4.2 | % | ||||||
#MahomesNT1of1 | David Marino (3) | 35,578 | 10.7 | % | ||||||
#MahomesNT1of1 | CS Asset Manager (2) | 46,493 | 13.9 | % | ||||||
#MahomesNT8.5 | Michael Cancelliere (3) | 6,880 | 41.5 | % | ||||||
#MahomesNT8.5 | CS Asset Manager (2) | 733 | 4.4 | % | ||||||
#MANTLE1952BOWMANPSA8 | Ben Federman (3) | 106 | 10.2 | % | ||||||
#MANTLE1952BOWMANPSA8 | Jeff Engle (3) | 132 | 12.7 | % | ||||||
#MANTLE1952BOWMANPSA8 | Matthew Marcom (3) | 125 | 12.0 | % | ||||||
#MANTLE1952BOWMANPSA8 | CS Asset Manager (2) | 16 | 1.5 | % | ||||||
#MANTLE1952TOPPSPSA8 | Jeffrey Clarke (3) | 5,000 | 10.0 | % | ||||||
#MANTLE1952TOPPSPSA8 | CS Asset Manager (2) | 1,317 | 2.6 | % | ||||||
#Mantle1953Bowman8Basket | CS Asset Manager (2) | 1,111 | 21.0 | % | ||||||
#Mantle1953Topps8 | CS Asset Manager (2) | 1,417 | 13.7 | % | ||||||
#MANTLE1956PSA8BASKET | Jason Epstein (3) | 1,749 | 29.5 | % | ||||||
#MANTLE1956PSA8BASKET | CS Asset Manager (2) | 160 | 2.7 | % | ||||||
#Mantle1957ToppsPSA8.5 | Jack Smith (3) | 1,500 | 25.7 | % | ||||||
#Mantle1957ToppsPSA8.5 | CS Asset Manager (2) | 323 | 5.5 | % | ||||||
#MANTLE1960PSA9 | CS Asset Manager (2) | 208 | 4.9 | % | ||||||
#MANTLE1964TOPPS9 | Jack Smith (3) | 1,341 | 26.2 | % | ||||||
#MANTLE1964TOPPS9 | CS Asset Manager (2) | 357 | 7.0 | % | ||||||
#Mantle1965Topps9 | Ben Federman (3) | 1,500 | 18.9 | % | ||||||
#Mantle1965Topps9 | Matthew Marcom (3) | 1,256 | 15.8 | % | ||||||
#Mantle1965Topps9 | CS Asset Manager (2) | 1,599 | 20.1 | % | ||||||
#Mantle1966ToppsPSA9Basket | Jack Smith (3) | 2,636 | 28.9 | % | ||||||
#Mantle1966ToppsPSA9Basket | CS Asset Manager (2) | 606 | 6.6 | % |
31
#MANTLE1967TOPPS9 | Matthew Marcom (3) | 379 | 17.7 | % | ||||||
#MANTLE1967TOPPS9 | CS Asset Manager (2) | 236 | 11.0 | % | ||||||
#Mantle1968PSA9Basket | CS Asset Manager (2) | 161 | 4.2 | % | ||||||
#MANTLE1969TOPPS9 | Ben Federman (3) | 900 | 12.7 | % | ||||||
#MANTLE1969TOPPS9 | Matthew Marcom (3) | 1,435 | 20.3 | % | ||||||
#MANTLE1969TOPPS9 | CS Asset Manager (2) | 1,453 | 20.5 | % | ||||||
#Mantle51BowmanSGC7 | CS Asset Manager (2) | 12,781 | 76.2 | % | ||||||
#MANTLE52TOPPSPSA7 | Evan Cohen (3) | 3,846 | 12.2 | % | ||||||
#MANTLE52TOPPSPSA7 | Jude Arena (3) | 3,200 | 10.1 | % | ||||||
#MANTLE52TOPPSPSA7 | CS Asset Manager (2) | 1,598 | 5.1 | % | ||||||
#Mantle54BowmanBasket | Jason Epstein (3) | 1,401 | 26.3 | % | ||||||
#Mantle54BowmanBasket | CS Asset Manager (2) | 228 | 4.3 | % | ||||||
#MantleDebutStub | Eric Naierman (3) | 3,000 | 25.4 | % | ||||||
#MantleDebutStub | CS Asset Manager (2) | 3,989 | 33.7 | % | ||||||
#MARINO1984ROOKIECARDBGS10BASKET | CS Asset Manager (2) | 1,751 | 44.9 | % | ||||||
#MARINOMANNINGFAVREJERSEYS | Platt Group (3) | 3,075 | 59.2 | % | ||||||
#MARINOMANNINGFAVREJERSEYS | CS Asset Manager (2) | 33 | * | |||||||
#Maris58ToppsPSA9 | CS Asset Manager (2) | 569 | 9.7 | % | ||||||
#MAYS1951BOWMAN7 | Ben Federman (3) | 1,362 | 13.0 | % | ||||||
#MAYS1951BOWMAN7 | Jack Smith (3) | 2,250 | 21.4 | % | ||||||
#MAYS1951BOWMAN7 | CS Asset Manager (2) | 463 | 4.4 | % | ||||||
#MAYS1952PSA8 | Christopher Allen (3) | 5,000 | 19.8 | % | ||||||
#MAYS1952PSA8 | Jude Arena (3) | 11,146 | 44.1 | % | ||||||
#MAYS1952PSA8 | CS Asset Manager (2) | 1,429 | 5.7 | % | ||||||
#Mays1956GrayPSA9 | Ben Federman (3) | 2,008 | 34.0 | % | ||||||
#Mays1956GrayPSA9 | CS Asset Manager (2) | 183 | 3.1 | % | ||||||
#MAYS1959PSA9BASKET | Jason Epstein (3) | 620 | 12.2 | % | ||||||
#MAYS1959PSA9BASKET | Jude Arena (3) | 1,493 | 29.3 | % | ||||||
#MAYS1959PSA9BASKET | CS Asset Manager (2) | 247 | 4.9 | % | ||||||
#MAYS1960PSA9 | Ben Federman (3) | 2,089 | 21.7 | % | ||||||
#MAYS1960PSA9 | CS Asset Manager (2) | 449 | 4.7 | % | ||||||
#MayweatherRCPSA10 | Jack Smith (3) | 992 | 18.9 | % | ||||||
#MayweatherRCPSA10 | CS Asset Manager (2) | 1,122 | 21.4 | % | ||||||
#MessiMegacracks#71PSA9 | Jack Smith (3) | 2,351 | 26.1 | % | ||||||
#MessiMegacracks#71PSA9 | CS Asset Manager (2) | 343 | 3.8 | % | ||||||
#MESSIROOKIEBASKET | Jack Smith (3) | 1,627 | 17.2 | % | ||||||
#MESSIROOKIEBASKET | CS Asset Manager (2) | 191 | 2.0 | % | ||||||
#MichaelPorterJrBasket | Craig Bonnifield (3) | 1,742 | 28.0 | % | ||||||
#MichaelPorterJrBasket | CS Asset Manager (2) | 1,611 | 25.9 | % | ||||||
#Mikan48BowmanPSA7 | Adam Rowe (3) | 1,927 | 22.6 | % | ||||||
#Mikan48BowmanPSA7 | CS Asset Manager (2) | 2,214 | 26.0 | % | ||||||
#MLBALLSTARGAMETICKETRUNCOLLECTION | max greenes (3) | 1,991 | 39.1 | % | ||||||
#MLBALLSTARGAMETICKETRUNCOLLECTION | CS Asset Manager (2) | 725 | 14.2 | % | ||||||
#MLBHALLOFFAMEBASEBALL | Platt Group (3) | 22,400 | 72.6 | % | ||||||
#MLBHALLOFFAMEBASEBALL | CS Asset Manager (2) | 597 | 1.9 | % | ||||||
#MONTANARCPSA10 | Ben Federman (3) | 3,024 | 44.9 | % | ||||||
#MONTANARCPSA10 | CS Asset Manager (2) | 232 | 3.4 | % | ||||||
#MOOKIEBETTSGLOVE | Justin Cornett (3) | 2,239 | 35.5 | % | ||||||
#MOOKIEBETTSGLOVE | CS Asset Manager (2) | 543 | 8.6 | % | ||||||
#MPJChampionshipTicket | Craig Bonnifield (3) | 726 | 23.1 | % | ||||||
#MPJChampionshipTicket | CS Asset Manager (2) | 279 | 8.9 | % |
32
#NadalNetProGlossy | Daniel Ross (3) | 1,000 | 32.6 | % | ||||||
#NadalNetProGlossy | CS Asset Manager (2) | 1,401 | 45.7 | % | ||||||
#NegroLeagueLegendaryCutsBasket | James Sharpe (3) | 1,250 | 13.5 | % | ||||||
#NegroLeagueLegendaryCutsBasket | max greenes (3) | 2,353 | 25.4 | % | ||||||
#NegroLeagueLegendaryCutsBasket | CS Asset Manager (2) | 1,309 | 14.1 | % | ||||||
#NolanRyan1968MiltonBradleyPSA9 | Ben Federman (3) | 12,932 | 37.5 | % | ||||||
#NolanRyan1968MiltonBradleyPSA9 | CS Asset Manager (2) | 4,539 | 13.2 | % | ||||||
#NolanRyan1968ToppsPSA8.5 | Chris Lepore (3) | 500 | 20.1 | % | ||||||
#NolanRyan1968ToppsPSA8.5 | Matthew Marcom (3) | 1,414 | 56.9 | % | ||||||
#NolanRyan1968ToppsPSA8.5 | CS Asset Manager (2) | 112 | 4.5 | % | ||||||
#NTBBallWaxBundle | Jeremiah Hilliard (3) | 3,209 | 22.5 | % | ||||||
#NTBBallWaxBundle | Matthew Marcom (3) | 1,791 | 12.6 | % | ||||||
#NTBBallWaxBundle | CS Asset Manager (2) | 2,735 | 19.2 | % | ||||||
#OrangeDominguez | John Fiorella (3) | 2,053 | 53.5 | % | ||||||
#OrangeDominguez | CS Asset Manager (2) | 605 | 15.8 | % | ||||||
#OVECHKINSPAUTHBASKET9.5 | Matthew Marcom (3) | 422 | 13.0 | % | ||||||
#OVECHKINSPAUTHBASKET9.5 | CS Asset Manager (2) | 274 | 8.5 | % | ||||||
#OvechkinTheCupBGSGemMint9.5 | CS Asset Manager (2) | 7,622 | 16.3 | % | ||||||
#OZZIESMITHRCBGS9.5 | Ben Federman (3) | 4,728 | 63.3 | % | ||||||
#OZZIESMITHRCBGS9.5 | CS Asset Manager (2) | 415 | 5.6 | % | ||||||
#PaulMolitor1978ToppsPSA10 | Ben Federman (3) | 4,015 | 37.2 | % | ||||||
#PaulMolitor1978ToppsPSA10 | Jason Kuhn (3) | 1,510 | 14.0 | % | ||||||
#PaulMolitor1978ToppsPSA10 | CS Asset Manager (2) | 2,254 | 20.9 | % | ||||||
#PaulPierce2010ASGJersey | Jason Silverstein (3) | 4,474 | 71.1 | % | ||||||
#PaulPierce2010ASGJersey | CS Asset Manager (2) | 746 | 11.9 | % | ||||||
#Pele1958AmericanaPSA3 | Courtney Gebeau (3) | 8,010 | 63.2 | % | ||||||
#Pele1958AmericanaPSA3 | CS Asset Manager (2) | 2,244 | 17.7 | % | ||||||
#PeytonManningMVPHelmet | Anthony Arnold (3) | 7,197 | 18.9 | % | ||||||
#PeytonManningMVPHelmet | Justin Cornett (3) | 5,000 | 13.2 | % | ||||||
#PeytonManningMVPHelmet | William Robertson (3) | 5,522 | 14.5 | % | ||||||
#PeytonManningMVPHelmet | CS Asset Manager (2) | 6,788 | 17.9 | % | ||||||
#RICKEYHENDERSONRCPSA10 | Jude Arena (3) | 5,111 | 33.6 | % | ||||||
#RICKEYHENDERSONRCPSA10 | CS Asset Manager (2) | 581 | 3.8 | % | ||||||
#RipkenRookieJersey&CardBasket | John Randolph (3) | 9,700 | 60.9 | % | ||||||
#RipkenRookieJersey&CardBasket | CS Asset Manager (2) | 3,536 | 22.2 | % | ||||||
#RONALDO2002PANINIFUTEBOLSTICKERSPSA10 | Nathan Martin (3) | 6,414 | 55.5 | % | ||||||
#RONALDO2002PANINIFUTEBOLSTICKERSPSA10 | CS Asset Manager (2) | 1,149 | 9.9 | % | ||||||
#RONALDO2003PANINIMEGACRAQUESPSA10 | Nathan Martin (3) | 22,308 | 68.5 | % | ||||||
#RONALDO2003PANINIMEGACRAQUESPSA10 | CS Asset Manager (2) | 5,314 | 16.3 | % | ||||||
#RoyCampanella1949BowmanPSA9 | Ben Federman (3) | 1,000 | 16.2 | % | ||||||
#RoyCampanella1949BowmanPSA9 | CS Asset Manager (2) | 2,825 | 45.9 | % | ||||||
#Ruth1914BaltimoreNewsSGC3 | CS Asset Manager (2) | 879 | * | |||||||
#Ruth33GoudeySGC8 | Robert Deaton (3) | 1,616 | 11.4 | % | ||||||
#Ruth33GoudeySGC8 | CS Asset Manager (2) | 680 | 4.8 | % | ||||||
#RUTHGEHRIGBALL | Daniel Baum (3) | 270 | 13.3 | % | ||||||
#RUTHGEHRIGBALL | Jason Epstein (3) | 320 | 15.7 | % | ||||||
#RUTHGEHRIGBALL | CS Asset Manager (2) | 39 | 1.9 | % | ||||||
#SadaharuOhBat | Justin Cornett (3) | 2,550 | 49.3 | % | ||||||
#SadaharuOhBat | CS Asset Manager (2) | 1,090 | 21.1 | % | ||||||
#SandyKoufax1956ToppsGrayBackPSA9 | CS Asset Manager (2) | 794 | 22.0 | % | ||||||
#SatchelPaige48LeafSGC30 | Jack Smith (3) | 1,876 | 25.3 | % | ||||||
#SatchelPaige48LeafSGC30 | Matthew Arnold (3) | 812 | 11.0 | % |
33
#SatchelPaige48LeafSGC30 | CS Asset Manager (2) | 344 | 4.6 | % | ||||||
#Serena03NetProPSA10Basket | CS Asset Manager (2) | 2,582 | 68.7 | % | ||||||
#ShoelessJoeJackson1915PSA8 | max greenes (3) | 1,957 | 19.6 | % | ||||||
#ShoelessJoeJackson1915PSA8 | CS Asset Manager (2) | 2,178 | 21.8 | % | ||||||
#TATISBOWMANBLACKLABEL | Jae Kim (3) | 11,113 | 49.8 | % | ||||||
#TATISBOWMANBLACKLABEL | CS Asset Manager (2) | 427 | 1.9 | % | ||||||
#TatumFlawlessGoldBGS9.5 | Daniel Ross (3) | 1,000 | 17.9 | % | ||||||
#TatumFlawlessGoldBGS9.5 | CS Asset Manager (2) | 4,198 | 75.0 | % | ||||||
#TEDWILLIAMS1939PLAYBALL | CS Asset Manager (2) | 174 | 5.1 | % | ||||||
#TheRockBumbleBeePSA10 | Jack Smith (3) | 3,108 | 32.2 | % | ||||||
#TheRockBumbleBeePSA10 | CS Asset Manager (2) | 660 | 6.8 | % | ||||||
#Tiger1stEventStub | Eric Naierman (3) | 3,500 | 36.9 | % | ||||||
#Tiger1stEventStub | Joseph Signorile (3) | 1,000 | 10.5 | % | ||||||
#Tiger1stEventStub | Matthew Marcom (3) | 1,099 | 11.6 | % | ||||||
#Tiger1stEventStub | CS Asset Manager (2) | 1,643 | 17.3 | % | ||||||
#TIGERPUTTER | Justin Cornett (3) | 11,628 | 53.9 | % | ||||||
#TIGERPUTTER | CS Asset Manager (2) | 673 | 3.1 | % | ||||||
#TIGERSIFORKIDS | Alan Vaynerchuk (3) | 1,000 | 40.2 | % | ||||||
#TIGERSIFORKIDS | CS Asset Manager (2) | 102 | 4.1 | % | ||||||
#TIGERSPAUTHENTICBGS9.5 | CS Asset Manager (2) | 54 | 1.5 | % | ||||||
#TigerWoodsDebutTicket | Matthew Marcom (3) | 1,763 | 21.1 | % | ||||||
#TigerWoodsDebutTicket | CS Asset Manager (2) | 4,627 | 55.5 | % | ||||||
#TimDuncanPMGGreen | Bennett Miller (3) | 36,483 | 80.2 | % | ||||||
#TimDuncanPMGGreen | CS Asset Manager (2) | 4,054 | 8.9 | % | ||||||
#TRAEYOUNGFLAWLESSBGS9 | CS Asset Manager (2) | 86 | 5.4 | % | ||||||
#TraeYoungFlawlessGreenBGS9 | Steven Bloom (3) | 1,000 | 39.4 | % | ||||||
#TraeYoungFlawlessGreenBGS9 | CS Asset Manager (2) | 140 | 5.5 | % | ||||||
#TrevorLawrenceLeafBasket | CS Asset Manager (2) | 226 | 10.1 | % | ||||||
#TROUTFINESTSUPERFRACTOR | Michael Cancelliere (3) | 9,079 | 32.1 | % | ||||||
#TROUTFINESTSUPERFRACTOR | CS Asset Manager (2) | 3,330 | 11.8 | % | ||||||
#TysonRCBGS9Basket | Jack Smith (3) | 1,483 | 25.2 | % | ||||||
#TysonRCBGS9Basket | CS Asset Manager (2) | 419 | 7.1 | % | ||||||
#UNITAS1965JERSEY | Platt Group (3) | 9,895 | 59.3 | % | ||||||
#UNITAS1965JERSEY | William Ammons (3) | 5,019 | 30.1 | % | ||||||
#UNITAS1965JERSEY | CS Asset Manager (2) | 83 | * | |||||||
#UnitasPSA8 | Jack Smith (3) | 1,495 | 33.4 | % | ||||||
#UnitasPSA8 | CS Asset Manager (2) | 492 | 11.0 | % | ||||||
#WarrenSpahn1948LeafPSA9 | CS Asset Manager (2) | 6,406 | 69.1 | % | ||||||
#WILTCHAMBERLAIN1961FLEERRCPSA9 | Ben Federman (3) | 7,782 | 21.9 | % | ||||||
#WILTCHAMBERLAIN1961FLEERRCPSA9 | Evan Cohen (3) | 3,846 | 10.8 | % | ||||||
#WILTCHAMBERLAIN1961FLEERRCPSA9 | CS Asset Manager (2) | 6,048 | 17.0 | % | ||||||
#YAODUNCANDIRKTRIPLELOGOMAN | Andrew Spellman (3) | 27,000 | 78.9 | % | ||||||
#YAODUNCANDIRKTRIPLELOGOMAN | CS Asset Manager (2) | 4,884 | 14.3 | % | ||||||
#ZionPrizmsBlueBGS10 | Carl Tirella (3) | 1,610 | 25.5 | % | ||||||
#ZionPrizmsBlueBGS10 | CS Asset Manager (2) | 1,141 | 18.1 | % | ||||||
#ZIONRPABGS9 | Leor Moshe (3) | 816 | 12.2 | % |
(1) | All ownership is direct unless otherwise indicated. |
(2) | CS Asset Manager, LLC (the “Manager”) is the Manager of each of the Series. The Manager’s address is 120 Bloomingdale Rd., Ste 304, White Plains, NY 10605. |
(3) | Our officers may be deemed the beneficial owners of the units owned by the Manager. Their address is the same as that of the Manager. Additionally, all 10%+ unit owners listed above may be contacted at the office of the Manager. |
34
Item 5. Interest of Management and Others in Certain Transactions
Among the items offered to the public through the Collectable platform in 2021, (6) six items came from the collection of Collectable Founder and President, Jason Epstein through a business entity, Zev Partners. Total consignment payments equaled $149,600.
Asset Name | Closing Date | Consignment Paid | ||||
#DURANTCHROMEREFRACTORPSA10 | 1/11/2021 | $ | 12,500 | |||
#MANTLE1952BOWMANPSA8 | 1/12/2021 | $ | 15,375 | |||
#TEDWILLIAMS1939PLAYBALL | 3/30/2021 | $ | 28,000 | |||
#MAGICBIRDDRJPSA8BASKET | 4/1/2021 | $ | 15,400 | |||
#BRADYPLAYOFFCONTENDERSBASKET | 4/8/2021 | $ | 61,875 | |||
#MANTLE1956PSA8BASKET | 4/26/2021 | $ | 16,450 | |||
Total Consignments Paid in 2021 | $ | 149,600 |
Among the items offered to the public through the Collectable platform in 2022, (1) one item came from the collection of Collectable Founder and President, Jason Epstein through a business entity, Zev Partners. Total consignment payments equaled $20,100.
Asset Name | Closing Date | Consignment Paid | ||||
#CURRYGOLDTOPPSPSA10 | 8/23/2022 | $ | 20,100 |
None
35
INDEX TO FINANCIAL STATEMENTS
Page | ||
Consolidated Financial Statements for the years ended December 31, 2022 and 2021 | ||
Independent Auditor’s Report | F-2 | |
Consolidated Balance Sheets as of December 31, 2022 and 2021 | F-4 | |
Consolidated Statements of Operations for the years ended December 31, 2022 and 2021 | F-88 | |
Consolidated Statements of Changes in Members’ Equity for the years ended December 31, 2022 and 2021 | F-192 | |
Consolidated Statements of Cash Flows for the years ended December 31, 2022 and 2021 | F-213 |
F-1
To the Members and Board of Directors of
Collectable Sports Assets, LLC
White Plains, New York
Opinion
We have audited the accompanying consolidated financial statements of Collectable Sports Assets, LLC (the “Company”), which comprise the consolidated balance sheets on a consolidated basis and for each listed Series of Collectable Sports Assets, LLC (Series) as of December 31, 2022 and 2021, and the related consolidated statements of operations, members’ equity (deficit), and cash flows on a consolidated basis and for each listed Series for the year ended December 31, 2022 and 2021 and the related notes to the consolidated financial statements.
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Collectable Sports Assets, LLC and each listed Series as of December 31, 2022 and 2021, and the results of their operations and their cash flows for the Company and each listed Series for the year ended December 31, 2022 and 2021 in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinion
We conducted our audits in accordance with auditing standards generally accepted in the United States of America (GAAS). Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the Company and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Substantial Doubt About the Company’s and Each Listed Series’ Ability to Continue as a Going Concern
The accompanying consolidated financial statements and each listed Series’ financial statements have been prepared assuming that the Company and each listed Series will continue as a going concern. As described in Note 2 to the consolidated financial statements, the Company has not generated substantial revenues, has limited operating history, and is financially dependent upon its manager. The Company has stated that substantial doubt exists about the Company’s ability and each listed Series’ ability to continue as a going concern. Management’s evaluation of the events and conditions and plans in regard to these matters are also described in Note 2. The consolidated financial statements and each listed Series’ financial statements do not include any adjustments that might result from the outcome of this uncertainty. Our opinion is not modified with respect to this matter.
F-2
Responsibilities of Management for the Consolidated Financial Statements
Management is responsible for the preparation and fair presentation of these consolidated financial statements on a consolidated basis and for each listed Series in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of consolidated financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date that the financial statements are available to be issued.
Auditor’s Responsibility for the Audit of the Consolidated Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.
In performing an audit in accordance with GAAS, we:
● | Exercise professional judgment and maintain professional skepticism throughout the audit. |
● | Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. |
● | Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control. Accordingly, no such opinion is expressed. |
● | Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements. |
● | Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company’s ability to continue as a going concern for a reasonable period of time. |
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control–related matters that we identified during the audit.
Atlanta, Georgia
May 8, 2023
F-3
Collectable Sports Assets, LLC
Consolidated Balance Sheets as of
December 31, 2022
#03EXQUISITE BOX | #03TOPPS CHROME WAX | #18-19BASKET BALLGROWTH BASKET | #1909E95 SGCSET | #1959TOPPSBASE BALLSET | ||||||||||||||||
ASSETS | ||||||||||||||||||||
Current Assets | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,027.50 | - | 1,032.00 | 1,052.50 | 1,002.50 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 1,027.50 | - | 1,032.00 | 1,052.50 | 1,002.50 | |||||||||||||||
TOTAL CURRENT ASSETS | $ | 2,055.00 | $ | - | $ | 2,064.00 | $ | 2,105.00 | $ | 2,005.00 | ||||||||||
Other Assets | ||||||||||||||||||||
Collectable Assets | 60,806.70 | 15,849.24 | 22,080.50 | 23,646.62 | 60,080.16 | |||||||||||||||
Deferred Tax Asset | - | - | - | - | 5,138.00 | |||||||||||||||
Deferred Tax Asset V/A | - | - | - | - | (5,138.00 | ) | ||||||||||||||
TOTAL OTHER ASSETS | $ | 60,806.70 | $ | 15,849.24 | $ | 22,080.50 | $ | 23,646.62 | $ | 60,080.16 | ||||||||||
TOTAL ASSETS | $ | 62,861.70 | $ | 15,849.24 | $ | 24,144.50 | $ | 25,751.62 | $ | 62,085.16 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,027.50 | - | 1,032.00 | 1,052.50 | 1,002.50 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 1,027.50 | $ | - | $ | 1,032.00 | $ | 1,052.50 | $ | 1,002.50 | ||||||||||
TOTAL LIABILITIES | $ | 1,027.50 | $ | - | $ | 1,032.00 | $ | 1,052.50 | $ | 1,002.50 | ||||||||||
MEMBERS’ EQUITY/(DEFICIT) | ||||||||||||||||||||
Membership Contributions | $ | 84,750.00 | $ | 24,350.00 | $ | 44,714.00 | $ | 37,050.00 | $ | 85,550.00 | ||||||||||
Membership Distributions | - | - | - | - | - | |||||||||||||||
Retained Equity | - | - | - | - | - | |||||||||||||||
Net Income / (loss) | (22,915.80 | ) | (8,500.76 | ) | (21,601.50 | ) | (12,350.88 | ) | (24,467.34 | ) | ||||||||||
TOTAL MEMBERS’ EQUITY/(DEFICIT) | $ | 61,834.20 | $ | 15,849.24 | $ | 23,112.50 | $ | 24,699.12 | $ | 61,082.66 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 62,861.70 | $ | 15,849.24 | $ | 24,144.50 | $ | 25,751.62 | $ | 62,085.16 |
See accompanying notes, which are an integral part of these financial statements.
F-4
Collectable Sports Assets, LLC
Consolidated Balance Sheets as of
December 31, 2022
#1964KOUFAX JERSEY | #1969TOPPS BASKET BALLSET | #1980Topps Basketball Wax | #1986WAX | #2000PLAYOFF CONTENDERS WAX | ||||||||||||||||
ASSETS | ||||||||||||||||||||
Current Assets | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,035.00 | 1,095.00 | 997.50 | 2,050.00 | 1,067.50 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 1,035.00 | 1,095.00 | 997.50 | 1,050.00 | 1,067.50 | |||||||||||||||
TOTAL CURRENT ASSETS | $ | 2,070.00 | $ | 2,190.00 | $ | 1,995.00 | $ | 3,100.00 | $ | 2,135.00 | ||||||||||
Other Assets | ||||||||||||||||||||
Collectable Assets | 411,566.27 | 103,289.06 | 55,032.25 | 180,810.72 | 23,582.50 | |||||||||||||||
Deferred Tax Asset | - | - | 3,904.00 | - | - | |||||||||||||||
Deferred Tax Asset V/A | - | - | (3,904.00 | ) | - | - | ||||||||||||||
TOTAL OTHER ASSETS | $ | 411,566.27 | $ | 103,289.06 | $ | 55,032.25 | $ | 180,810.72 | $ | 23,582.50 | ||||||||||
TOTAL ASSETS | $ | 413,636.27 | $ | 105,479.06 | $ | 57,027.25 | $ | 183,910.72 | $ | 25,717.50 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,035.00 | 1,095.00 | 997.50 | 2,050.00 | 1,067.50 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 1,035.00 | $ | 1,095.00 | $ | 997.50 | $ | 2,050.00 | $ | 1,067.50 | ||||||||||
TOTAL LIABILITIES | $ | 1,035.00 | $ | 1,095.00 | $ | 997.50 | $ | 2,050.00 | $ | 1,067.50 | ||||||||||
MEMBERS’ EQUITY/(DEFICIT) | ||||||||||||||||||||
Membership Contributions | $ | 438,500.00 | $ | 152,550.00 | $ | 74,620.00 | $ | 193,250.00 | $ | 24,650.00 | ||||||||||
Membership Distributions | - | - | - | - | - | |||||||||||||||
Retained Equity | - | - | - | - | - | |||||||||||||||
Net Income / (loss) | (25,898.73 | ) | (48,165.94 | ) | (18,590.25 | ) | (11,389.28 | ) | - | |||||||||||
TOTAL MEMBERS’ EQUITY/(DEFICIT) | $ | 412,601.27 | $ | 104,384.06 | $ | 56,029.75 | $ | 181,860.72 | $ | 24,650.00 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 413,636.27 | $ | 105,479.06 | $ | 57,027.25 | $ | 183,910.72 | $ | 25,717.50 |
See accompanying notes, which are an integral part of these financial statements.
F-5
Collectable Sports Assets, LLC
Consolidated Balance Sheets as of
December 31, 2022
#48LeafRuth SGC8 | #49Bowman JackieAuto | #86Auto FleerSet | #96Skybox E-X2000Wax | #AARON1954 PSA8.5 | ||||||||||||||||
ASSETS | ||||||||||||||||||||
Current Assets | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,030.00 | 986.50 | 16,051.33 | 1,024.50 | 1,200.00 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 1,030.00 | 986.50 | 500.00 | 1,024.50 | 1,200.00 | |||||||||||||||
TOTAL CURRENT ASSETS | $ | 2,060.00 | $ | 1,973.00 | $ | 16,551.33 | $ | 2,049.00 | $ | 2,400.00 | ||||||||||
Other Assets | ||||||||||||||||||||
Collectable Assets | 44,575.42 | 50,202.10 | 109,500.00 | 20,166.57 | 123,200.00 | |||||||||||||||
Deferred Tax Asset | - | 5,042.00 | - | 2,306.00 | - | |||||||||||||||
Deferred Tax Asset V/A | - | (5,042.00 | ) | - | (2,306.00 | ) | - | |||||||||||||
TOTAL OTHER ASSETS | $ | 44,575.42 | $ | 50,202.10 | $ | 109,500.00 | $ | 20,166.57 | $ | 123,200.00 | ||||||||||
TOTAL ASSETS | $ | 46,635.42 | $ | 52,175.10 | $ | 126,051.33 | $ | 22,215.57 | $ | 125,600.00 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,030.00 | 986.50 | 16,051.33 | 1,024.50 | 1,200.00 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 1,030.00 | $ | 986.50 | $ | 16,051.33 | $ | 1,024.50 | $ | 1,200.00 | ||||||||||
TOTAL LIABILITIES | $ | 1,030.00 | $ | 986.50 | $ | 16,051.33 | $ | 1,024.50 | $ | 1,200.00 | ||||||||||
MEMBERS’ EQUITY/(DEFICIT) | ||||||||||||||||||||
Membership Contributions | $ | 54,250.00 | $ | 77,200.00 | $ | 110,000.00 | $ | 32,170.00 | $ | 124,400.00 | ||||||||||
Membership Distributions | - | - | - | - | - | |||||||||||||||
Retained Equity | - | - | - | - | - | |||||||||||||||
Net Income / (loss) | (8,644.58 | ) | (26,011.40 | ) | - | (10,978.93 | ) | - | ||||||||||||
TOTAL MEMBERS’ EQUITY/(DEFICIT) | $ | 45,605.42 | $ | 51,188.60 | $ | 110,000.00 | $ | 21,191.07 | $ | 124,400.00 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 46,635.42 | $ | 52,175.10 | $ | 126,051.33 | $ | 22,215.57 | $ | 125,600.00 |
See accompanying notes, which are an integral part of these financial statements.
F-6
Collectable Sports Assets, LLC
Consolidated Balance Sheets as of
December 31, 2022
#ACUNA GOLD9.5 | #ALIW BCBELT | #ALKALINE 1954 TOPPSPSA9 | #ANDRE&HULK WRESTLING BASKET | #ANDRETHE GIANT | ||||||||||||||||
ASSETS | ||||||||||||||||||||
Current Assets | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,065.00 | 4,883.11 | 1,012.50 | - | 2,850.00 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 1,065.00 | 4,243.11 | 1,012.50 | - | 2,850.00 | |||||||||||||||
TOTAL CURRENT ASSETS | $ | 2,130.00 | $ | 9,126.22 | $ | 2,025.00 | $ | - | $ | 5,700.00 | ||||||||||
Other Assets | ||||||||||||||||||||
Collectable Assets | 17,144.11 | 427,756.89 | 21,847.00 | 46,071.57 | 10,773.50 | |||||||||||||||
Deferred Tax Asset | - | - | 4,135.00 | - | - | |||||||||||||||
Deferred Tax Asset V/A | - | - | (4,135.00 | ) | - | - | ||||||||||||||
TOTAL OTHER ASSETS | $ | 17,144.11 | $ | 427,756.89 | $ | 21,847.00 | $ | 46,071.57 | $ | 10,773.50 | ||||||||||
TOTAL ASSETS | $ | 19,274.11 | $ | 436,883.11 | $ | 23,872.00 | $ | 46,071.57 | $ | 16,473.50 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,065.00 | 4,243.11 | 1,012.50 | - | 2,850.00 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 1,065.00 | $ | 4,243.11 | $ | 1,012.50 | $ | - | $ | 2,850.00 | ||||||||||
TOTAL LIABILITIES | $ | 1,065.00 | $ | 4,243.11 | $ | 1,012.50 | $ | - | $ | 2,850.00 | ||||||||||
MEMBERS’ EQUITY/(DEFICIT) | ||||||||||||||||||||
Membership Contributions | $ | 27,505.00 | $ | 432,640.00 | $ | 42,550.00 | $ | 126,440.00 | $ | 29,720.00 | ||||||||||
Membership Distributions | - | - | - | - | - | |||||||||||||||
Retained Equity | - | - | - | - | - | |||||||||||||||
Net Income / (loss) | (9,295.89 | ) | - | (19,690.50 | ) | (80,368.43 | ) | (16,096.50 | ) | |||||||||||
TOTAL MEMBERS’ EQUITY/(DEFICIT) | $ | 18,209.11 | $ | 432,640.00 | $ | 22,859.50 | $ | 46,071.57 | $ | 13,623.50 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 19,274.11 | $ | 436,883.11 | $ | 23,872.00 | $ | 46,071.57 | $ | 16,473.50 |
See accompanying notes, which are an integral part of these financial statements.
F-7
Collectable Sports Assets, LLC
Consolidated Balance Sheets as of
December 31, 2022
#AaronDecade Basket | #AcunaBowman 10Basket | #AlexRodriguez09 WSUniform | #AliRookie CardBVG8 | #BANKS1954 PSA9 | ||||||||||||||||
ASSETS | ||||||||||||||||||||
Current Assets | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,081.00 | 985.00 | 995.00 | - | 2,180.00 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 1,081.00 | 985.00 | 995.00 | - | 2,180.00 | |||||||||||||||
TOTAL CURRENT ASSETS | $ | 2,162.00 | $ | 1,970.00 | $ | 1,990.00 | $ | - | $ | 4,360.00 | ||||||||||
Other Assets | ||||||||||||||||||||
Collectable Assets | 72,378.79 | 41,745.78 | 60,861.99 | 16,966.82 | - | |||||||||||||||
Deferred Tax Asset | 2,743.00 | - | 18,405.00 | - | - | |||||||||||||||
Deferred Tax Asset V/A | (2,743.00 | ) | - | (18,405.00 | ) | - | - | |||||||||||||
TOTAL OTHER ASSETS | $ | 72,378.79 | $ | 41,745.78 | $ | 60,861.99 | $ | 16,966.82 | $ | - | ||||||||||
TOTAL ASSETS | $ | 74,540.79 | $ | 43,715.78 | $ | 62,851.99 | $ | 16,966.82 | $ | 4,360.00 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,081.00 | 985.00 | 995.00 | - | - | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 1,081.00 | $ | 985.00 | $ | 995.00 | $ | - | $ | - | ||||||||||
TOTAL LIABILITIES | $ | 1,081.00 | $ | 985.00 | $ | 995.00 | $ | - | $ | - | ||||||||||
MEMBERS’ EQUITY/(DEFICIT) | ||||||||||||||||||||
Membership Contributions | $ | 86,520.00 | $ | 103,500.00 | $ | 149,500.00 | $ | 60,700.00 | $ | 91,925.00 | ||||||||||
Membership Distributions | - | - | - | - | (155,000.00 | ) | ||||||||||||||
Retained Equity | - | - | - | - | - | |||||||||||||||
Net Income / (loss) | (13,060.21 | ) | (60,769.22 | ) | (87,643.01 | ) | (43,733.18 | ) | 67,435.00 | |||||||||||
TOTAL MEMBERS’ EQUITY/(DEFICIT) | $ | 73,459.79 | $ | 42,730.78 | $ | 61,856.99 | $ | 16,966.82 | $ | 4,360.00 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 74,540.79 | $ | 43,715.78 | $ | 62,851.99 | $ | 16,966.82 | $ | 4,360.00 |
See accompanying notes, which are an integral part of these financial statements.
F-8
Collectable Sports Assets, LLC
Consolidated Balance Sheets as of
December 31, 2022
#BETTSGOLD REFRACTOR BASKET | #BRADYPLAYOFF CONTENDERS BASKET | #BRADY REEBOKF LAWLESS | #BRADY ROOKIE | #BabeRuth BowsOutPhoto | ||||||||||||||||
ASSETS | ||||||||||||||||||||
Current Assets | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,292.00 | 1,031.25 | 1,120.00 | 1,135.00 | 1,017.40 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 1,042.00 | 1,031.25 | 1,120.00 | 1,135.00 | 1,017.40 | |||||||||||||||
TOTAL CURRENT ASSETS | $ | 2,334.00 | $ | 2,062.50 | $ | 2,240.00 | $ | 2,270.00 | $ | 2,034.80 | ||||||||||
Other Assets | ||||||||||||||||||||
Collectable Assets | 51,713.20 | 92,268.75 | - | 58,575.00 | 49,842.60 | |||||||||||||||
Deferred Tax Asset | - | - | - | - | - | |||||||||||||||
Deferred Tax Asset V/A | - | - | - | - | - | |||||||||||||||
TOTAL OTHER ASSETS | $ | 51,713.20 | $ | 92,268.75 | $ | - | $ | 58,575.00 | $ | 49,842.60 | ||||||||||
TOTAL ASSETS | $ | 54,047.20 | $ | 94,331.25 | $ | 2,240.00 | $ | 60,845.00 | $ | 51,877.40 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,292.00 | 1,031.25 | - | 1,135.00 | 1,017.40 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 1,292.00 | $ | 1,031.25 | $ | - | $ | 1,135.00 | $ | 1,017.40 | ||||||||||
TOTAL LIABILITIES | $ | 1,292.00 | $ | 1,031.25 | $ | - | $ | 1,135.00 | $ | 1,017.40 | ||||||||||
MEMBERS’ EQUITY/(DEFICIT) | ||||||||||||||||||||
Membership Contributions | $ | 63,990.00 | $ | 93,300.00 | $ | 48,804.00 | $ | 59,710.00 | $ | 50,860.00 | ||||||||||
Membership Distributions | - | - | (70,000.00 | ) | - | - | ||||||||||||||
Retained Equity | - | - | 23,436.00 | - | - | |||||||||||||||
Net Income / (loss) | (11,234.80 | ) | - | - | - | - | ||||||||||||||
TOTAL MEMBERS’ EQUITY/(DEFICIT) | $ | 52,755.20 | $ | 93,300.00 | $ | 2,240.00 | $ | 59,710.00 | $ | 50,860.00 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 54,047.20 | $ | 94,331.25 | $ | 2,240.00 | $ | 60,845.00 | $ | 51,877.40 |
See accompanying notes, which are an integral part of these financial statements.
F-9
Collectable Sports Assets, LLC
Consolidated Balance Sheets as of
December 31, 2022
#Bellinger Orange BGS9.5 | #BettsBlue Refractor Basket | #BobbyOrr BruinsJersey | #Brady01 TicketBooklet | #Brady2000 SPXSpectrum BGS9.5 | ||||||||||||||||
ASSETS | ||||||||||||||||||||
Current Assets | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,015.00 | 1,115.00 | 860.00 | 1,015.00 | 790.00 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 1,015.00 | 1,115.00 | 860.00 | 1,015.00 | 790.00 | |||||||||||||||
TOTAL CURRENT ASSETS | $ | 2,030.00 | $ | 2,230.00 | $ | 1,720.00 | $ | 2,030.00 | $ | 1,580.00 | ||||||||||
Other Assets | ||||||||||||||||||||
Collectable Assets | 6,498.25 | 7,337.54 | 303,843.91 | 2,664.03 | 282,356.14 | |||||||||||||||
Deferred Tax Asset | 4,260.00 | - | 26,102.00 | 1,734.00 | 56,249.00 | |||||||||||||||
Deferred Tax Asset V/A | (4,260.00 | ) | - | (26,102.00 | ) | (1,734.00 | ) | (56,249.00 | ) | |||||||||||
TOTAL OTHER ASSETS | $ | 6,498.25 | $ | 7,337.54 | $ | 303,843.91 | $ | 2,664.03 | $ | 282,356.14 | ||||||||||
TOTAL ASSETS | $ | 8,528.25 | $ | 9,567.54 | $ | 305,563.91 | $ | 4,694.03 | $ | 283,936.14 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,015.00 | 1,115.00 | 860.00 | 1,015.00 | 790.00 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 1,015.00 | $ | 1,115.00 | $ | 860.00 | $ | 1,015.00 | $ | 790.00 | ||||||||||
TOTAL LIABILITIES | $ | 1,015.00 | $ | 1,115.00 | $ | 860.00 | $ | 1,015.00 | $ | 790.00 | ||||||||||
MEMBERS’ EQUITY/(DEFICIT) | ||||||||||||||||||||
Membership Contributions | $ | 27,800.00 | $ | 33,850.00 | $ | 429,000.00 | $ | 11,990.00 | $ | 563,500.00 | ||||||||||
Membership Distributions | - | - | - | - | - | |||||||||||||||
Retained Equity | - | - | - | - | - | |||||||||||||||
Net Income / (loss) | (20,286.75 | ) | (25,397.46 | ) | (124,296.09 | ) | (8,310.97 | ) | (280,353.86 | ) | ||||||||||
TOTAL MEMBERS’ EQUITY/(DEFICIT) | $ | 7,513.25 | $ | 8,452.54 | $ | 304,703.91 | $ | 3,679.03 | $ | 283,146.14 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 8,528.25 | $ | 9,567.54 | $ | 305,563.91 | $ | 4,694.03 | $ | 283,936.14 |
See accompanying notes, which are an integral part of these financial statements.
F-10
Collectable Sports Assets, LLC
Consolidated Balance Sheets as of
December 31, 2022
#Brady Bowman10 | #Brady Championship Ticket | #Brady DebutTicket | #CHAMBERLAIN HSUNIFORM | #CHAMBERLAIN PHILAJERSEY59-60 | ||||||||||||||||
ASSETS | ||||||||||||||||||||
Current Assets | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | - | - | 982.50 | 4,030.00 | 375.00 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | - | - | 982.50 | 4,030.00 | 375.00 | |||||||||||||||
TOTAL CURRENT ASSETS | $ | - | $ | - | $ | 1,965.00 | $ | 8,060.00 | $ | 750.00 | ||||||||||
Other Assets | ||||||||||||||||||||
Collectable Assets | 16,339.07 | 869,168.85 | 65,237.12 | 319,250.00 | 1,334,625.00 | |||||||||||||||
Deferred Tax Asset | - | - | 10,296.00 | - | - | |||||||||||||||
Deferred Tax Asset V/A | - | - | (10,296.00 | ) | - | - | ||||||||||||||
TOTAL OTHER ASSETS | $ | 16,339.07 | $ | 869,168.85 | $ | 65,237.12 | $ | 319,250.00 | $ | 1,334,625.00 | ||||||||||
TOTAL ASSETS | $ | 16,339.07 | $ | 869,168.85 | $ | 67,202.12 | $ | 327,310.00 | $ | 1,335,375.00 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | - | 982.50 | 4,030.00 | 375.00 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | - | $ | - | $ | 982.50 | $ | 4,030.00 | $ | 375.00 | ||||||||||
TOTAL LIABILITIES | $ | - | $ | - | $ | 982.50 | $ | 4,030.00 | $ | 375.00 | ||||||||||
MEMBERS’ EQUITY/(DEFICIT) | ||||||||||||||||||||
Membership Contributions | $ | 31,400.00 | $ | 2,312,000.00 | $ | 115,750.00 | $ | 323,280.00 | $ | 1,335,000.00 | ||||||||||
Membership Distributions | - | - | - | - | - | |||||||||||||||
Retained Equity | - | - | - | - | - | |||||||||||||||
Net Income / (loss) | (15,060.93 | ) | (1,442,831.15 | ) | (49,530.38 | ) | - | - | ||||||||||||
TOTAL MEMBERS’ EQUITY/(DEFICIT) | $ | 16,339.07 | $ | 869,168.85 | $ | 66,219.62 | $ | 323,280.00 | $ | 1,335,000.00 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 16,339.07 | $ | 869,168.85 | $ | 67,202.12 | $ | 327,310.00 | $ | 1,335,375.00 |
See accompanying notes, which are an integral part of these financial statements.
F-11
Collectable Sports Assets, LLC
Consolidated Balance Sheets as of
December 31, 2022
#CLEMENTE 1955PSA8 | #CLEMENTE WHITE&GRAY BASKET | #COBBMINTE98 | #COBBVINTAGE T206PHOTO | #CROSBY THECUP BASKET | ||||||||||||||||
ASSETS | ||||||||||||||||||||
Current Assets | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | - | 1,152.50 | 9,437.50 | 1,072.50 | 1,030.00 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | - | 1,152.50 | 9,437.50 | 1,072.50 | 1,030.00 | |||||||||||||||
TOTAL CURRENT ASSETS | $ | - | $ | 2,305.00 | $ | 18,875.00 | $ | 2,145.00 | $ | 2,060.00 | ||||||||||
Other Assets | ||||||||||||||||||||
Collectable Assets | 83,636.54 | 62,056.45 | 251,993.11 | 34,590.75 | 139,083.41 | |||||||||||||||
Deferred Tax Asset | - | - | - | - | - | |||||||||||||||
Deferred Tax Asset V/A | - | - | - | - | - | |||||||||||||||
TOTAL OTHER ASSETS | $ | 83,636.54 | $ | 62,056.45 | $ | 251,993.11 | $ | 34,590.75 | $ | 139,083.41 | ||||||||||
TOTAL ASSETS | $ | 83,636.54 | $ | 64,361.45 | $ | 270,868.11 | $ | 36,735.75 | $ | 141,143.41 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | 1,152.50 | 9,437.50 | 1,072.50 | 1,030.00 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | - | $ | 1,152.50 | $ | 9,437.50 | $ | 1,072.50 | $ | 1,030.00 | ||||||||||
TOTAL LIABILITIES | $ | - | $ | 1,152.50 | $ | 9,437.50 | $ | 1,072.50 | $ | 1,030.00 | ||||||||||
MEMBERS’ EQUITY/(DEFICIT) | ||||||||||||||||||||
Membership Contributions | $ | 83,999.50 | $ | 114,750.00 | $ | 309,500.00 | $ | 54,255.00 | $ | 212,700.00 | ||||||||||
Membership Distributions | - | - | - | - | - | |||||||||||||||
Retained Equity | - | (20,447.55 | ) | - | - | - | ||||||||||||||
Net Income / (loss) | (362.96 | ) | (31,093.50 | ) | (48,069.39 | ) | (18,591.75 | ) | (72,586.59 | ) | ||||||||||
TOTAL MEMBERS’ EQUITY/(DEFICIT) | $ | 83,636.54 | $ | 63,208.95 | $ | 261,430.61 | $ | 35,663.25 | $ | 140,113.41 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 83,636.54 | $ | 64,361.45 | $ | 270,868.11 | $ | 36,735.75 | $ | 141,143.41 |
See accompanying notes, which are an integral part of these financial statements.
F-12
Collectable Sports Assets, LLC
Consolidated Balance Sheets as of
December 31, 2022
#CURRY BASKET | #CURRYRP ABGS9.5 | #CassiusClaySony ListonUPIType1 | #CharlesBarkley SunsJersey | #ChicagoBulls DynastyHardwood | ||||||||||||||||
ASSETS | ||||||||||||||||||||
Current Assets | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,312.06 | 1,005.00 | 1,110.50 | 985.00 | 860.00 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 1,112.06 | 1,005.00 | 1,110.50 | 985.00 | 860.00 | |||||||||||||||
TOTAL CURRENT ASSETS | $ | 2,424.12 | $ | 2,010.00 | $ | 2,221.00 | $ | 1,970.00 | $ | 1,720.00 | ||||||||||
Other Assets | ||||||||||||||||||||
Collectable Assets | - | - | 23,839.50 | 139,796.29 | 143,306.85 | |||||||||||||||
Deferred Tax Asset | - | - | - | 4,015.00 | - | |||||||||||||||
Deferred Tax Asset V/A | - | - | - | (4,015.00 | ) | - | ||||||||||||||
TOTAL OTHER ASSETS | $ | - | $ | - | $ | 23,839.50 | $ | 139,796.29 | $ | 143,306.85 | ||||||||||
TOTAL ASSETS | $ | 2,424.12 | $ | 2,010.00 | $ | 26,060.50 | $ | 141,766.29 | $ | 145,026.85 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | - | 1,110.50 | 985.00 | 860.00 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | - | $ | - | $ | 1,110.50 | $ | 985.00 | $ | 860.00 | ||||||||||
TOTAL LIABILITIES | $ | - | $ | - | $ | 1,110.50 | $ | 985.00 | $ | 860.00 | ||||||||||
MEMBERS’ EQUITY/(DEFICIT) | ||||||||||||||||||||
Membership Contributions | $ | 40,860.00 | $ | 501,500.00 | $ | 24,950.00 | $ | 159,900.00 | $ | 366,250.00 | ||||||||||
Membership Distributions | (70,000.00 | ) | (780,000.00 | ) | - | - | - | |||||||||||||
Retained Equity | 31,564.12 | 280,510.00 | - | - | - | |||||||||||||||
Net Income / (loss) | - | - | - | (19,118.71 | ) | (222,083.15 | ) | |||||||||||||
TOTAL MEMBERS’ EQUITY/(DEFICIT) | $ | 2,424.12 | $ | 2,010.00 | $ | 24,950.00 | $ | 140,781.29 | $ | 144,166.85 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 2,424.12 | $ | 2,010.00 | $ | 26,060.50 | $ | 141,766.29 | $ | 145,026.85 |
See accompanying notes, which are an integral part of these financial statements.
F-13
Collectable Sports Assets, LLC
Consolidated Balance Sheets as of
December 31, 2022
#ChrisBoshGame WornRaptors Sneakers | #Clemente 65-68Bat | #Cristiano RonaldoRC1of1 | #CrosbyWinter ClassicSkates | #CurryGold ToppsPSA10 | ||||||||||||||||
ASSETS | ||||||||||||||||||||
Current Assets | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,212.00 | 1,010.25 | 11,875.00 | 1,090.00 | - | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 1,212.00 | 1,010.25 | 11,875.00 | 1,090.00 | - | |||||||||||||||
TOTAL CURRENT ASSETS | $ | 2,424.00 | $ | 2,020.50 | $ | 23,750.00 | $ | 2,180.00 | $ | - | ||||||||||
Other Assets | ||||||||||||||||||||
Collectable Assets | 4,668.58 | 30,714.75 | 81,183.25 | 12,916.37 | 32,000.00 | |||||||||||||||
Deferred Tax Asset | - | - | - | 1,070.00 | - | |||||||||||||||
Deferred Tax Asset V/A | - | - | - | (1,070.00 | ) | - | ||||||||||||||
TOTAL OTHER ASSETS | $ | 4,668.58 | $ | 30,714.75 | $ | 81,183.25 | $ | 12,916.37 | $ | 32,000.00 | ||||||||||
TOTAL ASSETS | $ | 7,092.58 | $ | 32,735.25 | $ | 104,933.25 | $ | 15,096.37 | $ | 32,000.00 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,212.00 | 1,010.25 | 11,875.00 | 1,090.00 | - | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 1,212.00 | $ | 1,010.25 | $ | 11,875.00 | $ | 1,090.00 | $ | - | ||||||||||
TOTAL LIABILITIES | $ | 1,212.00 | $ | 1,010.25 | $ | 11,875.00 | $ | 1,090.00 | $ | - | ||||||||||
MEMBERS’ EQUITY/(DEFICIT) | ||||||||||||||||||||
Membership Contributions | $ | 18,150.00 | $ | 31,725.00 | $ | 266,250.00 | $ | 19,100.00 | $ | 32,000.00 | ||||||||||
Membership Distributions | - | - | - | - | - | |||||||||||||||
Retained Equity | - | - | - | - | - | |||||||||||||||
Net Income / (loss) | (12,269.42 | ) | - | (173,191.75 | ) | (5,093.63 | ) | - | ||||||||||||
TOTAL MEMBERS’ EQUITY/(DEFICIT) | $ | 5,880.58 | $ | 31,725.00 | $ | 93,058.25 | $ | 14,006.37 | $ | 32,000.00 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 7,092.58 | $ | 32,735.25 | $ | 104,933.25 | $ | 15,096.37 | $ | 32,000.00 |
See accompanying notes, which are an integral part of these financial statements.
F-14
Collectable Sports Assets, LLC
Consolidated Balance Sheets as of
December 31, 2022
#DIMAGGIO 1933BAT | #DONCIC BLUEPSA10 | #DURANT CHROMEREFR ACTORPSA10 | #DWADE ULTIMATE | #DaveBing Signed50 GreatestNBAPlay | ||||||||||||||||
ASSETS | ||||||||||||||||||||
Current Assets | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,130.00 | 2,779.56 | - | 1,035.00 | 1,185.00 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 1,130.00 | 2,779.56 | - | 1,035.00 | 1,185.00 | |||||||||||||||
TOTAL CURRENT ASSETS | $ | 2,260.00 | $ | 5,559.12 | $ | - | $ | 2,070.00 | $ | 2,370.00 | ||||||||||
Other Assets | ||||||||||||||||||||
Collectable Assets | 59,043.42 | 29,577.14 | 10,643.75 | 13,881.34 | 40,279.74 | |||||||||||||||
Deferred Tax Asset | - | - | - | - | 13,660.00 | |||||||||||||||
Deferred Tax Asset V/A | - | - | - | - | (13,660.00 | ) | ||||||||||||||
TOTAL OTHER ASSETS | $ | 59,043.42 | $ | 29,577.14 | $ | 10,643.75 | $ | 13,881.34 | $ | 40,279.74 | ||||||||||
TOTAL ASSETS | $ | 61,303.42 | $ | 35,136.26 | $ | 10,643.75 | $ | 15,951.34 | $ | 42,649.74 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,130.00 | 2,779.56 | - | 1,035.00 | 1,185.00 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 1,130.00 | $ | 2,779.56 | $ | - | $ | 1,035.00 | $ | 1,185.00 | ||||||||||
TOTAL LIABILITIES | $ | 1,130.00 | $ | 2,779.56 | $ | - | $ | 1,035.00 | $ | 1,185.00 | ||||||||||
MEMBERS’ EQUITY/(DEFICIT) | ||||||||||||||||||||
Membership Contributions | $ | 97,550.00 | $ | 64,700.00 | $ | 13,100.00 | $ | 44,090.00 | $ | 106,510.00 | ||||||||||
Membership Distributions | - | - | - | - | - | |||||||||||||||
Retained Equity | - | - | - | - | - | |||||||||||||||
Net Income / (loss) | (37,376.58 | ) | (32,343.30 | ) | (2,456.25 | ) | (29,173.66 | ) | (65,045.26 | ) | ||||||||||
TOTAL MEMBERS’ EQUITY/(DEFICIT) | $ | 60,173.42 | $ | 32,356.70 | $ | 10,643.75 | $ | 14,916.34 | $ | 41,464.74 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 61,303.42 | $ | 35,136.26 | $ | 10,643.75 | $ | 15,951.34 | $ | 42,649.74 |
See accompanying notes, which are an integral part of these financial statements.
F-15
Collectable Sports Assets, LLC
Consolidated Balance Sheets as of
December 31, 2022
#Devers Superfractor | #Donovan Mitchell NT9.5 | #Durant07-08 Exquisite Limited LogosBGS9.5 | #ELWAY1984 ROOKIE CARDPSA10 BASKET | #EMMITT SMITH 10KJERSEY | ||||||||||||||||
ASSETS | ||||||||||||||||||||
Current Assets | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,240.00 | 1,067.50 | 945.30 | - | 1,160.00 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 1,240.00 | 1,067.50 | 945.30 | - | 1,160.00 | |||||||||||||||
TOTAL CURRENT ASSETS | $ | 2,480.00 | $ | 2,135.00 | $ | 1,890.60 | $ | - | $ | 2,320.00 | ||||||||||
Other Assets | ||||||||||||||||||||
Collectable Assets | - | 16,536.46 | 221,824.70 | 14,648.44 | 31,762.50 | |||||||||||||||
Deferred Tax Asset | - | - | 3,478.00 | - | - | |||||||||||||||
Deferred Tax Asset V/A | - | - | (3,478.00 | ) | - | - | ||||||||||||||
TOTAL OTHER ASSETS | $ | - | $ | 16,536.46 | $ | 221,824.70 | $ | 14,648.44 | $ | 31,762.50 | ||||||||||
TOTAL ASSETS | $ | 2,480.00 | $ | 18,671.46 | $ | 223,715.30 | $ | 14,648.44 | $ | 34,082.50 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | 1,067.50 | 945.30 | - | 1,160.00 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | - | $ | 1,067.50 | $ | 945.30 | $ | - | $ | 1,160.00 | ||||||||||
TOTAL LIABILITIES | $ | - | $ | 1,067.50 | $ | 945.30 | $ | - | $ | 1,160.00 | ||||||||||
MEMBERS’ EQUITY/(DEFICIT) | ||||||||||||||||||||
Membership Contributions | $ | 37,200.00 | $ | 31,250.00 | $ | 222,770.00 | $ | 31,250.00 | $ | 60,500.00 | ||||||||||
Membership Distributions | (78,500.00 | ) | - | - | - | - | ||||||||||||||
Retained Equity | 43,780.00 | - | - | - | - | |||||||||||||||
Net Income / (loss) | - | (13,646.04 | ) | - | (16,601.56 | ) | (27,577.50 | ) | ||||||||||||
TOTAL MEMBERS’ EQUITY/(DEFICIT) | $ | 2,480.00 | $ | 17,603.96 | $ | 222,770.00 | $ | 14,648.44 | $ | 32,922.50 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 2,480.00 | $ | 18,671.46 | $ | 223,715.30 | $ | 14,648.44 | $ | 34,082.50 |
See accompanying notes, which are an integral part of these financial statements.
F-16
Collectable Sports Assets, LLC
Consolidated Balance Sheets as of
December 31, 2022
#EMMITT SMITHMVP BASKET | #Eddie PlankT206 PSA4 | #EmbiidFirst50 PointGame Jersey | #ErlingHaaland PSA10Basket | #Eruzione1980 MiracleOnIce GoldJersey | ||||||||||||||||
ASSETS | ||||||||||||||||||||
Current Assets | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 3,260.00 | 900.00 | 1,020.00 | - | 1,195.00 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 3,260.00 | 900.00 | 1,020.00 | - | 1,195.00 | |||||||||||||||
TOTAL CURRENT ASSETS | $ | 6,520.00 | $ | 1,800.00 | $ | 2,040.00 | $ | - | $ | 2,390.00 | ||||||||||
Other Assets | ||||||||||||||||||||
Collectable Assets | 52,710.94 | 241,000.63 | 10,046.37 | 14,560.00 | 439,609.00 | |||||||||||||||
Deferred Tax Asset | - | - | 5,954.00 | - | 48,551.00 | |||||||||||||||
Deferred Tax Asset V/A | - | - | (5,954.00 | ) | - | (48,551.00 | ) | |||||||||||||
TOTAL OTHER ASSETS | $ | 52,710.94 | $ | 241,000.63 | $ | 10,046.37 | $ | 14,560.00 | $ | 439,609.00 | ||||||||||
TOTAL ASSETS | $ | 59,230.94 | $ | 242,800.63 | $ | 12,086.37 | $ | 14,560.00 | $ | 441,999.00 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 3,260.00 | 900.00 | 1,020.00 | - | 1,195.00 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 3,260.00 | $ | 900.00 | $ | 1,020.00 | $ | - | $ | 1,195.00 | ||||||||||
TOTAL LIABILITIES | $ | 3,260.00 | $ | 900.00 | $ | 1,020.00 | $ | - | $ | 1,195.00 | ||||||||||
MEMBERS’ EQUITY/(DEFICIT) | ||||||||||||||||||||
Membership Contributions | $ | 117,000.00 | $ | 318,200.00 | $ | 39,420.00 | $ | 14,560.00 | $ | 708,000.00 | ||||||||||
Membership Distributions | - | - | - | - | - | |||||||||||||||
Retained Equity | (24,283.49 | ) | - | - | - | - | ||||||||||||||
Net Income / (loss) | (36,745.57 | ) | (76,299.37 | ) | (28,353.63 | ) | - | (267,196.00 | ) | |||||||||||
TOTAL MEMBERS’ EQUITY/(DEFICIT) | $ | 55,970.94 | $ | 241,900.63 | $ | 11,066.37 | $ | 14,560.00 | $ | 440,804.00 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 59,230.94 | $ | 242,800.63 | $ | 12,086.37 | $ | 14,560.00 | $ | 441,999.00 |
See accompanying notes, which are an integral part of these financial statements.
F-17
Collectable Sports Assets, LLC
Consolidated Balance Sheets as of
December 31, 2022
#FRANK ROBINSON1957 PSA9BASKET | #FRANK ROBINSON 500HRBAT | #GIANNIS GOLD IMMACULATE | #GIANNISRPA | #GLEYBER TORRES ORANGE9.5 | ||||||||||||||||
ASSETS | ||||||||||||||||||||
Current Assets | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,254.00 | 1,035.40 | 1,165.00 | 1,225.00 | 1,042.50 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 1,254.00 | 1,035.40 | 1,165.00 | 1,225.00 | 1,042.50 | |||||||||||||||
TOTAL CURRENT ASSETS | $ | 2,508.00 | $ | 2,070.80 | $ | 2,330.00 | $ | 2,450.00 | $ | 2,085.00 | ||||||||||
Other Assets | ||||||||||||||||||||
Collectable Assets | (200.00 | ) | - | 39,708.00 | - | 3,694.10 | ||||||||||||||
Deferred Tax Asset | - | - | - | - | - | |||||||||||||||
Deferred Tax Asset V/A | - | - | - | - | - | |||||||||||||||
TOTAL OTHER ASSETS | $ | (200.00 | ) | $ | - | $ | 39,708.00 | $ | - | $ | 3,694.10 | |||||||||
TOTAL ASSETS | $ | 2,308.00 | $ | 2,070.80 | $ | 42,038.00 | $ | 2,450.00 | $ | 5,779.10 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | - | 1,165.00 | - | 1,042.50 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | - | $ | - | $ | 1,165.00 | $ | - | $ | 1,042.50 | ||||||||||
TOTAL LIABILITIES | $ | - | $ | - | $ | 1,165.00 | $ | - | $ | 1,042.50 | ||||||||||
MEMBERS’ EQUITY/(DEFICIT) | ||||||||||||||||||||
Membership Contributions | $ | 78,580.00 | $ | 174,500.00 | $ | 51,200.00 | $ | 118,980.00 | $ | 21,940.00 | ||||||||||
Membership Distributions | (96,000.00 | ) | (200,000.00 | ) | - | (200,000.00 | ) | - | ||||||||||||
Retained Equity | - | 27,570.80 | - | - | (668.72 | ) | ||||||||||||||
Net Income / (loss) | 19,728.00 | - | (10,327.00 | ) | 83,470.00 | (16,534.68 | ) | |||||||||||||
TOTAL MEMBERS’ EQUITY/(DEFICIT) | $ | 2,308.00 | $ | 2,070.80 | $ | 40,873.00 | $ | 2,450.00 | $ | 4,736.60 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 2,308.00 | $ | 2,070.80 | $ | 42,038.00 | $ | 2,450.00 | $ | 5,779.10 |
See accompanying notes, which are an integral part of these financial statements.
F-18
Collectable Sports Assets, LLC
Consolidated Balance Sheets as of
December 31, 2022
#GRETZKY OPEE CHEE1979 | #GRIFFEY89 UPPERDECK SGCGOLD | #GaryCarter 1975PSA10 Basket | #Giannis48 PointGame Sneakers | #Gretzky 1979 Topps9 | ||||||||||||||||
ASSETS | ||||||||||||||||||||
Current Assets | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,380.00 | - | - | 1,050.00 | 315.00 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 1,380.00 | - | - | 1,050.00 | 315.00 | |||||||||||||||
TOTAL CURRENT ASSETS | $ | 2,760.00 | $ | - | $ | - | $ | 2,100.00 | $ | 630.00 | ||||||||||
Other Assets | ||||||||||||||||||||
Collectable Assets | 69,400.00 | 8,445.43 | 39,000.00 | 17,783.25 | 57,344.80 | |||||||||||||||
Deferred Tax Asset | - | 1,872.00 | - | - | 1,375.00 | |||||||||||||||
Deferred Tax Asset V/A | - | (1,872.00 | ) | - | - | (1,375.00 | ) | |||||||||||||
TOTAL OTHER ASSETS | $ | 69,400.00 | $ | 8,445.43 | $ | 39,000.00 | $ | 17,783.25 | $ | 57,344.80 | ||||||||||
TOTAL ASSETS | $ | 72,160.00 | $ | 8,445.43 | $ | 39,000.00 | $ | 19,883.25 | $ | 57,974.80 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,380.00 | - | - | 1,050.00 | 315.00 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 1,380.00 | $ | - | $ | - | $ | 1,050.00 | $ | 315.00 | ||||||||||
TOTAL LIABILITIES | $ | 1,380.00 | $ | - | $ | - | $ | 1,050.00 | $ | 315.00 | ||||||||||
MEMBERS’ EQUITY/(DEFICIT) | ||||||||||||||||||||
Membership Contributions | $ | 70,780.00 | $ | 17,360.00 | $ | 39,000.00 | $ | 26,200.00 | $ | 59,380.00 | ||||||||||
Membership Distributions | - | - | - | - | - | |||||||||||||||
Retained Equity | - | - | - | - | - | |||||||||||||||
Net Income / (loss) | - | (8,914.57 | ) | - | (7,366.75 | ) | (1,720.20 | ) | ||||||||||||
TOTAL MEMBERS’ EQUITY/(DEFICIT) | $ | 70,780.00 | $ | 8,445.43 | $ | 39,000.00 | $ | 18,833.25 | $ | 57,659.80 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 72,160.00 | $ | 8,445.43 | $ | 39,000.00 | $ | 19,883.25 | $ | 57,974.80 |
See accompanying notes, which are an integral part of these financial statements.
F-19
Collectable Sports Assets, LLC
Consolidated Balance Sheets as of
December 31, 2022
#Gretzky 1981Sports Illustrated CoverCGC9.4 | #HARMON KILLEBREW 1955 TOPPSPSA9 | #Hamilton Chrome Orange Sapphire | #Honus Wagner 1910PSA5 | #JACKIE ROBINSON AUTOBAT | ||||||||||||||||
ASSETS | ||||||||||||||||||||
Current Assets | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 4,000.00 | 1,272.50 | 1,060.00 | - | 5,341.47 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 4,000.00 | 1,272.50 | 1,060.00 | - | 5,101.47 | |||||||||||||||
TOTAL CURRENT ASSETS | $ | 8,000.00 | $ | 2,545.00 | $ | 2,120.00 | $ | - | $ | 10,442.94 | ||||||||||
Other Assets | ||||||||||||||||||||
Collectable Assets | 35,600.00 | 23,926.70 | 13,385.87 | 100,680.00 | 69,252.31 | |||||||||||||||
Deferred Tax Asset | - | 3,936.00 | 9,514.00 | (171.00 | ) | - | ||||||||||||||
Deferred Tax Asset V/A | - | (3,936.00 | ) | (9,514.00 | ) | 171.00 | - | |||||||||||||
TOTAL OTHER ASSETS | $ | 35,600.00 | $ | 23,926.70 | $ | 13,385.87 | $ | 100,680.00 | $ | 69,252.31 | ||||||||||
TOTAL ASSETS | $ | 43,600.00 | $ | 26,471.70 | $ | 15,505.87 | $ | 100,680.00 | $ | 79,695.25 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 4,000.00 | 1,272.50 | 1,060.00 | - | 5,101.47 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 4,000.00 | $ | 1,272.50 | $ | 1,060.00 | $ | - | $ | 5,101.47 | ||||||||||
TOTAL LIABILITIES | $ | 4,000.00 | $ | 1,272.50 | $ | 1,060.00 | $ | - | $ | 5,101.47 | ||||||||||
MEMBERS’ EQUITY/(DEFICIT) | ||||||||||||||||||||
Membership Contributions | $ | 39,600.00 | $ | 43,940.00 | $ | 60,000.00 | $ | 100,680.00 | $ | 87,240.00 | ||||||||||
Membership Distributions | - | - | - | - | - | |||||||||||||||
Retained Equity | - | - | - | - | - | |||||||||||||||
Net Income / (loss) | - | (18,740.80 | ) | (45,554.13 | ) | - | (12,646.22 | ) | ||||||||||||
TOTAL MEMBERS’ EQUITY/(DEFICIT) | $ | 39,600.00 | $ | 25,199.20 | $ | 14,445.87 | $ | 100,680.00 | $ | 74,593.78 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 43,600.00 | $ | 26,471.70 | $ | 15,505.87 | $ | 100,680.00 | $ | 79,695.25 |
See accompanying notes, which are an integral part of these financial statements.
F-20
Collectable Sports Assets, LLC
Consolidated Balance Sheets as of
December 31, 2022
#JETER FOILRC BASKET BGS9.5 | #JORDAN85 NIKE BASKET | #JORDAN EXQUISITE BGS8 | #JORDAN PSA10 | #JORDAN ROOKIE JERSEY | ||||||||||||||||
ASSETS | ||||||||||||||||||||
Current Assets | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,152.50 | 1,256.00 | 1,165.00 | 1,207.48 | 1,855.00 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 1,152.50 | 1,256.00 | 1,165.00 | 707.48 | 1,855.00 | |||||||||||||||
TOTAL CURRENT ASSETS | $ | 2,305.00 | $ | 2,512.00 | $ | 2,330.00 | $ | 1,914.96 | $ | 3,710.00 | ||||||||||
Other Assets | ||||||||||||||||||||
Collectable Assets | 21,733.90 | - | 28,586.01 | 100,162.52 | 244,645.00 | |||||||||||||||
Deferred Tax Asset | - | - | - | - | - | |||||||||||||||
Deferred Tax Asset V/A | - | - | - | - | - | |||||||||||||||
TOTAL OTHER ASSETS | $ | 21,733.90 | $ | - | $ | 28,586.01 | $ | 100,162.52 | $ | 244,645.00 | ||||||||||
TOTAL ASSETS | $ | 24,038.90 | $ | 2,512.00 | $ | 30,916.01 | $ | 102,077.48 | $ | 248,355.00 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,152.50 | - | 1,165.00 | 707.48 | 1,855.00 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 1,152.50 | $ | - | $ | 1,165.00 | $ | 707.48 | $ | 1,855.00 | ||||||||||
TOTAL LIABILITIES | $ | 1,152.50 | $ | - | $ | 1,165.00 | $ | 707.48 | $ | 1,855.00 | ||||||||||
MEMBERS’ EQUITY/(DEFICIT) | ||||||||||||||||||||
Membership Contributions | $ | 103,350.00 | $ | 141,530.00 | $ | 81,300.00 | $ | 101,370.00 | $ | 246,500.00 | ||||||||||
Membership Distributions | - | (203,000.00 | ) | - | - | - | ||||||||||||||
Retained Equity | (29,977.93 | ) | 63,982.00 | - | - | - | ||||||||||||||
Net Income / (loss) | (50,485.67 | ) | - | (51,548.99 | ) | - | - | |||||||||||||
TOTAL MEMBERS’ EQUITY/(DEFICIT) | $ | 22,886.40 | $ | 2,512.00 | $ | 29,751.01 | $ | 101,370.00 | $ | 246,500.00 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 24,038.90 | $ | 2,512.00 | $ | 30,916.01 | $ | 102,077.48 | $ | 248,355.00 |
See accompanying notes, which are an integral part of these financial statements.
F-21
Collectable Sports Assets, LLC
Consolidated Balance Sheets as of
December 31, 2022
#JORDA NSIGNED PROFESSION ALBAT | #Jackie Leaf3.5 | #Jackie Robinson 1952Topps PSA8.5 | #Jackie Robinson53 Topps8 | #Jimmie Foxx1938 Bat | ||||||||||||||||
ASSETS | ||||||||||||||||||||
Current Assets | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,077.50 | 920.00 | 825.00 | 1,055.00 | 990.00 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 1,077.50 | 920.00 | 825.00 | 1,055.00 | 990.00 | |||||||||||||||
TOTAL CURRENT ASSETS | $ | 2,155.00 | $ | 1,840.00 | $ | 1,650.00 | $ | 2,110.00 | $ | 1,980.00 | ||||||||||
Other Assets | ||||||||||||||||||||
Collectable Assets | 8,713.77 | 21,956.00 | 575,225.00 | 54,945.00 | 74,874.37 | |||||||||||||||
Deferred Tax Asset | - | - | - | - | - | |||||||||||||||
Deferred Tax Asset V/A | - | - | - | - | - | |||||||||||||||
TOTAL OTHER ASSETS | $ | 8,713.77 | $ | 21,956.00 | $ | 575,225.00 | $ | 54,945.00 | $ | 74,874.37 | ||||||||||
TOTAL ASSETS | $ | 10,868.77 | $ | 23,796.00 | $ | 576,875.00 | $ | 57,055.00 | $ | 76,854.37 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,077.50 | 920.00 | 825.00 | 1,055.00 | 990.00 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 1,077.50 | $ | 920.00 | $ | 825.00 | $ | 1,055.00 | $ | 990.00 | ||||||||||
TOTAL LIABILITIES | $ | 1,077.50 | $ | 920.00 | $ | 825.00 | $ | 1,055.00 | $ | 990.00 | ||||||||||
MEMBERS’ EQUITY/(DEFICIT) | ||||||||||||||||||||
Membership Contributions | $ | 52,900.00 | $ | 42,200.00 | $ | 576,050.00 | $ | 59,000.00 | $ | 98,600.00 | ||||||||||
Membership Distributions | - | - | - | - | - | |||||||||||||||
Retained Equity | (10,271.22 | ) | - | - | - | - | ||||||||||||||
Net Income / (loss) | (32,837.51 | ) | (19,324.00 | ) | - | (3,000.00 | ) | (22,735.63 | ) | |||||||||||
TOTAL MEMBERS’ EQUITY/(DEFICIT) | $ | 9,791.27 | $ | 22,876.00 | $ | 576,050.00 | $ | 56,000.00 | $ | 75,864.37 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 10,868.77 | $ | 23,796.00 | $ | 576,875.00 | $ | 57,055.00 | $ | 76,854.37 |
See accompanying notes, which are an integral part of these financial statements.
F-22
Collectable Sports Assets, LLC
Consolidated Balance Sheets as of
December 31, 2022
#Jokic Refractor1of1 | #Jordan86 FleerBGS9.5 Basket | #Jordan Exquisite8.5 Flashback | #Jordan Fleer86 SGC10 | #JordanLe BronMagic TripleSigs | ||||||||||||||||
ASSETS | ||||||||||||||||||||
Current Assets | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,174.62 | - | 1,005.00 | 1,405.00 | 1,048.00 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 1,174.62 | - | 1,005.00 | 1,405.00 | 1,048.00 | |||||||||||||||
TOTAL CURRENT ASSETS | $ | 2,349.24 | $ | - | $ | 2,010.00 | $ | 2,810.00 | $ | 2,096.00 | ||||||||||
Other Assets | ||||||||||||||||||||
Collectable Assets | 17,828.21 | 67,891.84 | 95,296.60 | 83,149.67 | 29,820.31 | |||||||||||||||
Deferred Tax Asset | - | 15,888.00 | 17,787.00 | 24,433.00 | - | |||||||||||||||
Deferred Tax Asset V/A | - | (15,888.00 | ) | (17,787.00 | ) | (24,433.00 | ) | - | ||||||||||||
TOTAL OTHER ASSETS | $ | 17,828.21 | $ | 67,891.84 | $ | 95,296.60 | $ | 83,149.67 | $ | 29,820.31 | ||||||||||
TOTAL ASSETS | $ | 20,177.45 | $ | 67,891.84 | $ | 97,306.60 | $ | 85,959.67 | $ | 31,916.31 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,174.62 | - | 1,005.00 | 1,405.00 | 1,048.00 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 1,174.62 | $ | - | $ | 1,005.00 | $ | 1,405.00 | $ | 1,048.00 | ||||||||||
TOTAL LIABILITIES | $ | 1,174.62 | $ | - | $ | 1,005.00 | $ | 1,405.00 | $ | 1,048.00 | ||||||||||
MEMBERS’ EQUITY/(DEFICIT) | ||||||||||||||||||||
Membership Contributions | $ | 24,110.00 | $ | 143,550.00 | $ | 181,000.00 | $ | 200,900.00 | $ | 86,750.00 | ||||||||||
Membership Distributions | - | - | - | - | - | |||||||||||||||
Retained Equity | - | - | - | - | - | |||||||||||||||
Net Income / (loss) | (5,107.17 | ) | (75,658.16 | ) | (84,698.40 | ) | (116,345.33 | ) | (55,881.69 | ) | ||||||||||
TOTAL MEMBERS’ EQUITY/(DEFICIT) | $ | 19,002.83 | $ | 67,891.84 | $ | 96,301.60 | $ | 84,554.67 | $ | 30,868.31 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 20,177.45 | $ | 67,891.84 | $ | 97,306.60 | $ | 85,959.67 | $ | 31,916.31 |
See accompanying notes, which are an integral part of these financial statements.
F-23
Collectable Sports Assets, LLC
Consolidated Balance Sheets as of
December 31, 2022
#Jordan LeBron Signof theTimes | #Jordan Magic LeBronTriple AutoJersey | #JoshAllen GoldBGS9.5 | #Justin Herbert Hidden TreasureRPA | #KAWHI BASKET | ||||||||||||||||
ASSETS | ||||||||||||||||||||
Current Assets | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,050.00 | 930.30 | 1,050.00 | 1,015.00 | 2,040.00 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 1,050.00 | 930.30 | 1,050.00 | 1,015.00 | 2,040.00 | |||||||||||||||
TOTAL CURRENT ASSETS | $ | 2,100.00 | $ | 1,860.60 | $ | 2,100.00 | $ | 2,030.00 | $ | 4,080.00 | ||||||||||
Other Assets | ||||||||||||||||||||
Collectable Assets | 76,097.99 | - | 30,200.00 | 32,723.36 | 16,410.62 | |||||||||||||||
Deferred Tax Asset | - | - | - | - | - | |||||||||||||||
Deferred Tax Asset V/A | - | - | - | - | - | |||||||||||||||
TOTAL OTHER ASSETS | $ | 76,097.99 | $ | - | $ | 30,200.00 | $ | 32,723.36 | $ | 16,410.62 | ||||||||||
TOTAL ASSETS | $ | 78,197.99 | $ | 1,860.60 | $ | 32,300.00 | $ | 34,753.36 | $ | 20,490.62 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,050.00 | - | 1,050.00 | 1,015.00 | 2,040.00 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 1,050.00 | $ | - | $ | 1,050.00 | $ | 1,015.00 | $ | 2,040.00 | ||||||||||
TOTAL LIABILITIES | $ | 1,050.00 | $ | - | $ | 1,050.00 | $ | 1,015.00 | $ | 2,040.00 | ||||||||||
MEMBERS’ EQUITY/(DEFICIT) | ||||||||||||||||||||
Membership Contributions | $ | 171,000.00 | $ | 131,900.00 | $ | 31,250.00 | $ | 64,850.00 | $ | 71,610.00 | ||||||||||
Membership Distributions | - | (130,000.00 | ) | - | - | - | ||||||||||||||
Retained Equity | - | - | - | - | (11,131.20 | ) | ||||||||||||||
Net Income / (loss) | (93,852.01 | ) | (39.40 | ) | - | (31,111.64 | ) | (42,028.18 | ) | |||||||||||
TOTAL MEMBERS’ EQUITY/(DEFICIT) | $ | 77,147.99 | $ | 1,860.60 | $ | 31,250.00 | $ | 33,738.36 | $ | 18,450.62 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 78,197.99 | $ | 1,860.60 | $ | 32,300.00 | $ | 34,753.36 | $ | 20,490.62 |
See accompanying notes, which are an integral part of these financial statements.
F-24
Collectable Sports Assets, LLC
Consolidated Balance Sheets as of
December 31, 2022
#KOBEREEBOK IVERSON RETROS | #KOUFAX 1955 PSA8.5 | #KOUFAX55 PSA9 | #Kareem Points RecordBall | #Kevin Durant HSJersey | ||||||||||||||||
ASSETS | ||||||||||||||||||||
Current Assets | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,020.00 | 1,270.00 | 900.00 | 850.00 | 885.00 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 1,020.00 | 1,270.00 | 900.00 | 850.00 | 885.00 | |||||||||||||||
TOTAL CURRENT ASSETS | $ | 2,040.00 | $ | 2,540.00 | $ | 1,800.00 | $ | 1,700.00 | $ | 1,770.00 | ||||||||||
Other Assets | ||||||||||||||||||||
Collectable Assets | 26,854.30 | - | 392,099.96 | 128,040.12 | 117,813.00 | |||||||||||||||
Deferred Tax Asset | - | - | - | 54,308.00 | - | |||||||||||||||
Deferred Tax Asset V/A | - | - | - | (54,308.00 | ) | - | ||||||||||||||
TOTAL OTHER ASSETS | $ | 26,854.30 | $ | - | $ | 392,099.96 | $ | 128,040.12 | $ | 117,813.00 | ||||||||||
TOTAL ASSETS | $ | 28,894.30 | $ | 2,540.00 | $ | 393,899.96 | $ | 129,740.12 | $ | 119,583.00 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,020.00 | - | 900.00 | 850.00 | 885.00 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 1,020.00 | $ | - | $ | 900.00 | $ | 850.00 | $ | 885.00 | ||||||||||
TOTAL LIABILITIES | $ | 1,020.00 | $ | - | $ | 900.00 | $ | 850.00 | $ | 885.00 | ||||||||||
MEMBERS’ EQUITY/(DEFICIT) | ||||||||||||||||||||
Membership Contributions | $ | 92,000.00 | $ | 37,920.00 | $ | 497,500.00 | $ | 392,500.00 | $ | 227,000.00 | ||||||||||
Membership Distributions | - | (100,000.00 | ) | - | - | - | ||||||||||||||
Retained Equity | - | 64,620.00 | - | - | - | |||||||||||||||
Net Income / (loss) | (64,125.70 | ) | - | (104,500.04 | ) | (263,609.88 | ) | (108,302.00 | ) | |||||||||||
TOTAL MEMBERS’ EQUITY/(DEFICIT) | $ | 27,874.30 | $ | 2,540.00 | $ | 392,999.96 | $ | 128,890.12 | $ | 118,698.00 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 28,894.30 | $ | 2,540.00 | $ | 393,899.96 | $ | 129,740.12 | $ | 119,583.00 |
See accompanying notes, which are an integral part of these financial statements.
F-25
Collectable Sports Assets, LLC
Consolidated Balance Sheets as of
December 31, 2022
#Kobe 1997 AirBallGame UsedShoes | #KobeBlack History MonthFinal SeasonShoes | #KobeBryant 2001WarmUp Jacket | #KobeBryant FirstWhite #24Jersey | #KobeBryant Rookie Sneakers | ||||||||||||||||
ASSETS | ||||||||||||||||||||
Current Assets | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 400.00 | 1,005.00 | 995.00 | 550.00 | 1,005.00 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 400.00 | 1,005.00 | 995.00 | 550.00 | 1,005.00 | |||||||||||||||
TOTAL CURRENT ASSETS | $ | 800.00 | $ | 2,010.00 | $ | 1,990.00 | $ | 1,100.00 | $ | 2,010.00 | ||||||||||
Other Assets | ||||||||||||||||||||
Collectable Assets | 131,900.00 | 48,153.50 | 73,454.06 | 324,874.19 | - | |||||||||||||||
Deferred Tax Asset | - | 5,889.00 | 28,277.00 | - | - | |||||||||||||||
Deferred Tax Asset V/A | - | (5,889.00 | ) | (28,277.00 | ) | - | - | |||||||||||||
TOTAL OTHER ASSETS | $ | 131,900.00 | $ | 48,153.50 | $ | 73,454.06 | $ | 324,874.19 | $ | - | ||||||||||
TOTAL ASSETS | $ | 132,700.00 | $ | 50,163.50 | $ | 75,444.06 | $ | 325,974.19 | $ | 2,010.00 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 400.00 | 1,005.00 | 995.00 | 550.00 | - | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 400.00 | $ | 1,005.00 | $ | 995.00 | $ | 550.00 | $ | - | ||||||||||
TOTAL LIABILITIES | $ | 400.00 | $ | 1,005.00 | $ | 995.00 | $ | 550.00 | $ | - | ||||||||||
MEMBERS’ EQUITY/(DEFICIT) | ||||||||||||||||||||
Membership Contributions | $ | 132,300.00 | $ | 77,200.00 | $ | 209,100.00 | $ | 710,700.00 | $ | 138,000.00 | ||||||||||
Membership Distributions | - | - | - | - | (152,500.00 | ) | ||||||||||||||
Retained Equity | - | - | - | - | - | |||||||||||||||
Net Income / (loss) | - | (28,041.50 | ) | (134,650.94 | ) | (385,275.81 | ) | 16,510.00 | ||||||||||||
TOTAL MEMBERS’ EQUITY/(DEFICIT) | $ | 132,300.00 | $ | 49,158.50 | $ | 74,449.06 | $ | 325,424.19 | $ | 2,010.00 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 132,700.00 | $ | 50,163.50 | $ | 75,444.06 | $ | 325,974.19 | $ | 2,010.00 |
See accompanying notes, which are an integral part of these financial statements.
F-26
Collectable Sports Assets, LLC
Consolidated Balance Sheets as of
December 31, 2022
#KobeBryant RoyalBlue Jordan Sneakers | #KobeFinal Season Sneakers | #KobeLeBron JordanMagic QuadAuto | #KoufaxPSA8 | #LBJ Exquisite | ||||||||||||||||
ASSETS | ||||||||||||||||||||
Current Assets | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 985.00 | 1,010.00 | 1,010.00 | 1,090.00 | 175.00 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 985.00 | 1,010.00 | 1,010.00 | 1,090.00 | 175.00 | |||||||||||||||
TOTAL CURRENT ASSETS | $ | 1,970.00 | $ | 2,020.00 | $ | 2,020.00 | $ | 2,180.00 | $ | 350.00 | ||||||||||
Other Assets | ||||||||||||||||||||
Collectable Assets | 39,447.50 | 20,786.62 | 40,468.92 | 26,954.76 | 790,167.09 | |||||||||||||||
Deferred Tax Asset | - | - | 17,959.00 | 3,445.00 | - | |||||||||||||||
Deferred Tax Asset V/A | - | - | (17,959.00 | ) | (3,445.00 | ) | - | |||||||||||||
TOTAL OTHER ASSETS | $ | 39,447.50 | $ | 20,786.62 | $ | 40,468.92 | $ | 26,954.76 | $ | 790,167.09 | ||||||||||
TOTAL ASSETS | $ | 41,417.50 | $ | 22,806.62 | $ | 42,488.92 | $ | 29,134.76 | $ | 790,517.09 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 985.00 | 1,010.00 | 1,010.00 | 1,090.00 | 175.00 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 985.00 | $ | 1,010.00 | $ | 1,010.00 | $ | 1,090.00 | $ | 175.00 | ||||||||||
TOTAL LIABILITIES | $ | 985.00 | $ | 1,010.00 | $ | 1,010.00 | $ | 1,090.00 | $ | 175.00 | ||||||||||
MEMBERS’ EQUITY/(DEFICIT) | ||||||||||||||||||||
Membership Contributions | $ | 93,001.00 | $ | 64,800.00 | $ | 127,000.00 | $ | 44,450.00 | $ | 1,387,500.00 | ||||||||||
Membership Distributions | - | - | - | - | - | |||||||||||||||
Retained Equity | - | - | - | - | - | |||||||||||||||
Net Income / (loss) | (52,568.50 | ) | (43,003.38 | ) | (85,521.08 | ) | (16,405.24 | ) | (597,157.91 | ) | ||||||||||
TOTAL MEMBERS’ EQUITY/(DEFICIT) | $ | 40,432.50 | $ | 21,796.62 | $ | 41,478.92 | $ | 28,044.76 | $ | 790,342.09 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 41,417.50 | $ | 22,806.62 | $ | 42,488.92 | $ | 29,134.76 | $ | 790,517.09 |
See accompanying notes, which are an integral part of these financial statements.
F-27
Collectable Sports Assets, LLC
Consolidated Balance Sheets as of
December 31, 2022
#LBJKobe ToppsBasket | #LEBRON BLACK REFRACTOR | #LEBRO NEMBLEMS OFENDORS EMENT | #LEBRON MELOW ADETRIORC | #LEBRON ROOKIE | ||||||||||||||||
ASSETS | ||||||||||||||||||||
Current Assets | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | - | 1,190.00 | 2,050.00 | 884.00 | 2,523.29 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | - | 1,190.00 | 2,050.00 | 884.00 | 2,273.29 | |||||||||||||||
TOTAL CURRENT ASSETS | $ | - | $ | 2,380.00 | $ | 4,100.00 | $ | 1,768.00 | $ | 4,796.58 | ||||||||||
Other Assets | ||||||||||||||||||||
Collectable Assets | 9,334.79 | 79,994.06 | 61,067.99 | 90,758.62 | - | |||||||||||||||
Deferred Tax Asset | 1,568.00 | - | - | - | - | |||||||||||||||
Deferred Tax Asset V/A | (1,568.00 | ) | - | - | - | - | ||||||||||||||
TOTAL OTHER ASSETS | $ | 9,334.79 | $ | 79,994.06 | $ | 61,067.99 | $ | 90,758.62 | $ | - | ||||||||||
TOTAL ASSETS | $ | 9,334.79 | $ | 82,374.06 | $ | 65,167.99 | $ | 92,526.62 | $ | 4,796.58 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | 1,190.00 | 2,050.00 | 884.00 | - | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | - | $ | 1,190.00 | $ | 2,050.00 | $ | 884.00 | $ | - | ||||||||||
TOTAL LIABILITIES | $ | - | $ | 1,190.00 | $ | 2,050.00 | $ | 884.00 | $ | - | ||||||||||
MEMBERS’ EQUITY/(DEFICIT) | ||||||||||||||||||||
Membership Contributions | $ | 16,800.00 | $ | 136,050.00 | $ | 221,000.00 | $ | 379,120.00 | $ | 51,100.00 | ||||||||||
Membership Distributions | - | - | - | - | (75,000.00 | ) | ||||||||||||||
Retained Equity | - | - | - | - | - | |||||||||||||||
Net Income / (loss) | (7,465.21 | ) | (54,865.94 | ) | (157,882.01 | ) | (287,477.38 | ) | 28,696.58 | |||||||||||
TOTAL MEMBERS’ EQUITY/(DEFICIT) | $ | 9,334.79 | $ | 81,184.06 | $ | 63,117.99 | $ | 91,642.62 | $ | 4,796.58 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 9,334.79 | $ | 82,374.06 | $ | 65,167.99 | $ | 92,526.62 | $ | 4,796.58 |
See accompanying notes, which are an integral part of these financial statements.
F-28
Collectable Sports Assets, LLC
Consolidated Balance Sheets as of
December 31, 2022
#LEBRON ULTIMATE | #LUKADON CICGU ROOKIES NEAKERS | #LeBron BlackDiamond | #LeBron Credentials | #LeBron MeloBosh 2008Triple LogoMan | ||||||||||||||||
ASSETS | ||||||||||||||||||||
Current Assets | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,115.00 | 985.00 | - | - | - | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 1,115.00 | 985.00 | - | - | - | |||||||||||||||
TOTAL CURRENT ASSETS | $ | 2,230.00 | $ | 1,970.00 | $ | - | $ | - | $ | - | ||||||||||
Other Assets | ||||||||||||||||||||
Collectable Assets | 66,010.14 | - | 32,380.15 | 44,761.73 | 77,570.28 | |||||||||||||||
Deferred Tax Asset | - | - | - | 31,760.00 | - | |||||||||||||||
Deferred Tax Asset V/A | - | - | - | (31,760.00 | ) | - | ||||||||||||||
TOTAL OTHER ASSETS | $ | 66,010.14 | $ | - | $ | 32,380.15 | $ | 44,761.73 | $ | 77,570.28 | ||||||||||
TOTAL ASSETS | $ | 68,240.14 | $ | 1,970.00 | $ | 32,380.15 | $ | 44,761.73 | $ | 77,570.28 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | 6,451.00 | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,115.00 | - | - | - | - | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 1,115.00 | $ | 6,451.00 | $ | - | $ | - | $ | - | ||||||||||
TOTAL LIABILITIES | $ | 1,115.00 | $ | 6,451.00 | $ | - | $ | - | $ | - | ||||||||||
MEMBERS’ EQUITY/(DEFICIT) | ||||||||||||||||||||
Membership Contributions | $ | 185,950.00 | $ | 87,250.00 | $ | 78,750.00 | $ | 196,000.00 | $ | 309,750.00 | ||||||||||
Membership Distributions | - | (115,000.00 | ) | - | - | - | ||||||||||||||
Retained Equity | - | - | - | - | - | |||||||||||||||
Net Income / (loss) | (118,824.86 | ) | 23,269.00 | (46,369.85 | ) | (151,238.27 | ) | (232,179.72 | ) | |||||||||||
TOTAL MEMBERS’ EQUITY/(DEFICIT) | $ | 67,125.14 | $ | (4,481.00 | ) | $ | 32,380.15 | $ | 44,761.73 | $ | 77,570.28 | |||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 68,240.14 | $ | 1,970.00 | $ | 32,380.15 | $ | 44,761.73 | $ | 77,570.28 |
See accompanying notes, which are an integral part of these financial statements.
F-29
Collectable Sports Assets, LLC
Consolidated Balance Sheets as of
December 31, 2022
#LeBronMelo DualLogoman | #LeBron RookieShoes | #LouGehrig RCPhoto | #LukaRookie Jersey | #LukaWhite Sparkle | ||||||||||||||||
ASSETS | ||||||||||||||||||||
Current Assets | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 650.00 | 1,075.00 | 1,012.60 | 810.00 | 655.00 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 650.00 | 1,075.00 | 1,012.60 | 810.00 | 655.00 | |||||||||||||||
TOTAL CURRENT ASSETS | $ | 1,300.00 | $ | 2,150.00 | $ | 2,025.20 | $ | 1,620.00 | $ | 1,310.00 | ||||||||||
Other Assets | ||||||||||||||||||||
Collectable Assets | 383,791.85 | 356,284.41 | 47,422.41 | 360,272.33 | 280,515.99 | |||||||||||||||
Deferred Tax Asset | - | 22,815.00 | 870.00 | - | - | |||||||||||||||
Deferred Tax Asset V/A | - | (22,815.00 | ) | (870.00 | ) | - | - | |||||||||||||
TOTAL OTHER ASSETS | $ | 383,791.85 | $ | 356,284.41 | $ | 47,422.41 | $ | 360,272.33 | $ | 280,515.99 | ||||||||||
TOTAL ASSETS | $ | 385,091.85 | $ | 358,434.41 | $ | 49,447.61 | $ | 361,892.33 | $ | 281,825.99 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 650.00 | 1,075.00 | 1,012.60 | 810.00 | 655.00 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 650.00 | $ | 1,075.00 | $ | 1,012.60 | $ | 810.00 | $ | 655.00 | ||||||||||
TOTAL LIABILITIES | $ | 650.00 | $ | 1,075.00 | $ | 1,012.60 | $ | 810.00 | $ | 655.00 | ||||||||||
MEMBERS’ EQUITY/(DEFICIT) | ||||||||||||||||||||
Membership Contributions | $ | 1,110,000.00 | $ | 466,000.00 | $ | 54,260.00 | $ | 522,250.00 | $ | 721,000.00 | ||||||||||
Membership Distributions | - | - | - | - | - | |||||||||||||||
Retained Equity | - | - | - | - | - | |||||||||||||||
Net Income / (loss) | (725,558.15 | ) | (108,640.59 | ) | (5,824.99 | ) | (161,167.67 | ) | (439,829.01 | ) | ||||||||||
TOTAL MEMBERS’ EQUITY/(DEFICIT) | $ | 384,441.85 | $ | 357,359.41 | $ | 48,435.01 | $ | 361,082.33 | $ | 281,170.99 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 385,091.85 | $ | 358,434.41 | $ | 49,447.61 | $ | 361,892.33 | $ | 281,825.99 |
See accompanying notes, which are an integral part of these financial statements.
F-30
Collectable Sports Assets, LLC
Consolidated Balance Sheets as of
December 31, 2022
#MAGIC BIRDDRJ | #MAGICBIRD DRJPSA8 BASKET | #MAGICBIRD LOGOMAN | #MAHOMES EMERALDRPA BGS9 | #MAHOMES ROOKIE | ||||||||||||||||
ASSETS | ||||||||||||||||||||
Current Assets | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,930.00 | 1,091.00 | 1,120.00 | 1,235.00 | 4,792.11 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 1,930.00 | 1,091.00 | 1,120.00 | 1,235.00 | 4,417.11 | |||||||||||||||
TOTAL CURRENT ASSETS | $ | 3,860.00 | $ | 2,182.00 | $ | 2,240.00 | $ | 2,470.00 | $ | 9,209.22 | ||||||||||
Other Assets | ||||||||||||||||||||
Collectable Assets | - | 6,794.42 | 222,042.40 | - | - | |||||||||||||||
Deferred Tax Asset | - | - | - | - | - | |||||||||||||||
Deferred Tax Asset V/A | - | - | - | - | - | |||||||||||||||
TOTAL OTHER ASSETS | $ | - | $ | 6,794.42 | $ | 222,042.40 | $ | - | $ | - | ||||||||||
TOTAL ASSETS | $ | 3,860.00 | $ | 8,976.42 | $ | 224,282.40 | $ | 2,470.00 | $ | 9,209.22 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | 1,091.00 | 1,120.00 | - | - | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | - | $ | 1,091.00 | $ | 1,120.00 | $ | - | $ | - | ||||||||||
TOTAL LIABILITIES | $ | - | $ | 1,091.00 | $ | 1,120.00 | $ | - | $ | - | ||||||||||
MEMBERS’ EQUITY/(DEFICIT) | ||||||||||||||||||||
Membership Contributions | $ | 355,280.00 | $ | 28,160.00 | $ | 512,800.00 | $ | 82,340.00 | $ | 136,575.00 | ||||||||||
Membership Distributions | (720,000.00 | ) | - | - | (115,000.00 | ) | (182,500.00 | ) | ||||||||||||
Retained Equity | 368,580.00 | - | - | - | 55,134.22 | |||||||||||||||
Net Income / (loss) | - | (20,274.58 | ) | (289,637.60 | ) | 35,130.00 | - | |||||||||||||
TOTAL MEMBERS’ EQUITY/(DEFICIT) | $ | 3,860.00 | $ | 7,885.42 | $ | 223,162.40 | $ | 2,470.00 | $ | 9,209.22 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 3,860.00 | $ | 8,976.42 | $ | 224,282.40 | $ | 2,470.00 | $ | 9,209.22 |
See accompanying notes, which are an integral part of these financial statements.
F-31
Collectable Sports Assets, LLC
Consolidated Balance Sheets as of
December 31, 2022
#MANTLE 1952BOW MANPSA8 | #MANTLE 1952TOP PSPSA8 | #MANTLE 1956PSA8 BASKET | #MANTLE 1960PSA9 | #MANTLE52 TOPPSPSA7 | ||||||||||||||||
ASSETS | ||||||||||||||||||||
Current Assets | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | - | 1,470.00 | 1,080.50 | 1,080.50 | - | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | - | 1,470.00 | 1,080.50 | 1,080.50 | - | |||||||||||||||
TOTAL CURRENT ASSETS | $ | - | $ | 2,940.00 | $ | 2,161.00 | $ | 2,161.00 | $ | - | ||||||||||
Other Assets | ||||||||||||||||||||
Collectable Assets | 15,600.00 | 497,330.00 | 28,594.50 | 41,189.50 | 316,000.00 | |||||||||||||||
Deferred Tax Asset | - | - | - | - | 781.00 | |||||||||||||||
Deferred Tax Asset V/A | - | - | - | - | (781.00 | ) | ||||||||||||||
TOTAL OTHER ASSETS | $ | 15,600.00 | $ | 497,330.00 | $ | 28,594.50 | $ | 41,189.50 | $ | 316,000.00 | ||||||||||
TOTAL ASSETS | $ | 15,600.00 | $ | 500,270.00 | $ | 30,755.50 | $ | 43,350.50 | $ | 316,000.00 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | 1,470.00 | 1,080.50 | 1,080.50 | - | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | - | $ | 1,470.00 | $ | 1,080.50 | $ | 1,080.50 | $ | - | ||||||||||
TOTAL LIABILITIES | $ | - | $ | 1,470.00 | $ | 1,080.50 | $ | 1,080.50 | $ | - | ||||||||||
MEMBERS’ EQUITY/(DEFICIT) | ||||||||||||||||||||
Membership Contributions | $ | 15,600.00 | $ | 498,800.00 | $ | 29,675.00 | $ | 42,270.00 | $ | 316,000.00 | ||||||||||
Membership Distributions | - | - | - | - | - | |||||||||||||||
Retained Equity | - | - | - | - | - | |||||||||||||||
Net Income / (loss) | - | - | - | - | - | |||||||||||||||
TOTAL MEMBERS’ EQUITY/(DEFICIT) | $ | 15,600.00 | $ | 498,800.00 | $ | 29,675.00 | $ | 42,270.00 | $ | 316,000.00 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 15,600.00 | $ | 500,270.00 | $ | 30,755.50 | $ | 43,350.50 | $ | 316,000.00 |
See accompanying notes, which are an integral part of these financial statements.
F-32
Collectable Sports Assets, LLC
Consolidated Balance Sheets as of
December 31, 2022
#MANTLE54 BOWMAN BASKET | #MANTLE MINT1953 | #MARINO 1984ROOKIE CARDBGS10 BASKET | #MARINO MANNING FAVRE JERSEYS | #MAYS1951 BOWMAN7 | ||||||||||||||||
ASSETS | ||||||||||||||||||||
Current Assets | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,030.00 | 5,000.00 | - | 4,320.40 | 1,010.00 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 1,030.00 | - | - | 4,320.40 | 1,010.00 | |||||||||||||||
TOTAL CURRENT ASSETS | $ | 2,060.00 | $ | 5,000.00 | $ | - | $ | 8,640.80 | $ | 2,020.00 | ||||||||||
Other Assets | ||||||||||||||||||||
Collectable Assets | 29,807.29 | - | 10,286.25 | 36,429.01 | 70,153.12 | |||||||||||||||
Deferred Tax Asset | - | - | 1,952.00 | - | - | |||||||||||||||
Deferred Tax Asset V/A | - | - | (1,952.00 | ) | - | - | ||||||||||||||
TOTAL OTHER ASSETS | $ | 29,807.29 | $ | - | $ | 10,286.25 | $ | 36,429.01 | $ | 70,153.12 | ||||||||||
TOTAL ASSETS | $ | 31,867.29 | $ | 5,000.00 | $ | 10,286.25 | $ | 45,069.81 | $ | 72,173.12 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,030.00 | - | - | 4,320.40 | 1,010.00 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 1,030.00 | $ | - | $ | - | $ | 4,320.40 | $ | 1,010.00 | ||||||||||
TOTAL LIABILITIES | $ | 1,030.00 | $ | - | $ | - | $ | 4,320.40 | $ | 1,010.00 | ||||||||||
MEMBERS’ EQUITY/(DEFICIT) | ||||||||||||||||||||
Membership Contributions | $ | 53,200.00 | $ | 2,493,000.00 | $ | 19,580.00 | $ | 51,940.00 | $ | 105,000.00 | ||||||||||
Membership Distributions | - | (3,100,000.00 | ) | - | - | - | ||||||||||||||
Retained Equity | - | 612,000.00 | - | - | - | |||||||||||||||
Net Income / (loss) | (22,362.71 | ) | - | (9,293.75 | ) | (11,190.59 | ) | (33,836.88 | ) | |||||||||||
TOTAL MEMBERS’ EQUITY/(DEFICIT) | $ | 30,837.29 | $ | 5,000.00 | $ | 10,286.25 | $ | 40,749.41 | $ | 71,163.12 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 31,867.29 | $ | 5,000.00 | $ | 10,286.25 | $ | 45,069.81 | $ | 72,173.12 |
See accompanying notes, which are an integral part of these financial statements.
F-33
Collectable Sports Assets, LLC
Consolidated Balance Sheets as of
December 31, 2022
#MAYS1951 PHOTO | #MAYS1952 PSA8 | #MAYS1959 PSA9BASKET | #MAYS1960 PSA9 | #MAY WEATHER RCPSA10 | ||||||||||||||||
ASSETS | ||||||||||||||||||||
Current Assets | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,033.00 | 960.00 | 1,062.00 | 1,604.74 | 522.50 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 1,033.00 | 960.00 | 1,062.00 | 1,604.74 | 522.50 | |||||||||||||||
TOTAL CURRENT ASSETS | $ | 2,066.00 | $ | 1,920.00 | $ | 2,124.00 | $ | 3,209.48 | $ | 1,045.00 | ||||||||||
Other Assets | ||||||||||||||||||||
Collectable Assets | - | 224,984.67 | 24,394.00 | 16,608.90 | 9,457.20 | |||||||||||||||
Deferred Tax Asset | - | - | - | - | - | |||||||||||||||
Deferred Tax Asset V/A | - | - | - | - | - | |||||||||||||||
TOTAL OTHER ASSETS | $ | - | $ | 224,984.67 | $ | 24,394.00 | $ | 16,608.90 | $ | 9,457.20 | ||||||||||
TOTAL ASSETS | $ | 2,066.00 | $ | 226,904.67 | $ | 26,518.00 | $ | 19,818.38 | $ | 10,502.20 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | 960.00 | 1,062.00 | 1,604.74 | 522.50 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | - | $ | 960.00 | $ | 1,062.00 | $ | 1,604.74 | $ | 522.50 | ||||||||||
TOTAL LIABILITIES | $ | - | $ | 960.00 | $ | 1,062.00 | $ | 1,604.74 | $ | 522.50 | ||||||||||
MEMBERS’ EQUITY/(DEFICIT) | ||||||||||||||||||||
Membership Contributions | $ | 53,210.00 | $ | 252,750.00 | $ | 25,456.00 | $ | 19,140.00 | $ | 26,270.00 | ||||||||||
Membership Distributions | (65,000.00 | ) | - | - | - | - | ||||||||||||||
Retained Equity | 13,856.00 | - | - | - | - | |||||||||||||||
Net Income / (loss) | - | (26,805.33 | ) | - | (926.36 | ) | (16,290.30 | ) | ||||||||||||
TOTAL MEMBERS’ EQUITY/(DEFICIT) | $ | 2,066.00 | $ | 225,944.67 | $ | 25,456.00 | $ | 18,213.64 | $ | 9,979.70 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 2,066.00 | $ | 226,904.67 | $ | 26,518.00 | $ | 19,818.38 | $ | 10,502.20 |
See accompanying notes, which are an integral part of these financial statements.
F-34
Collectable Sports Assets, LLC
Consolidated Balance Sheets as of
December 31, 2022
#MESSI ROOKIE BASKET | #MIKANRC PHOTO | #MLBAll StarGame TicketRun Collection | #MLBHALL OFF AMEBASE BALL | #MONTAN ARC PSA10 | ||||||||||||||||
ASSETS | ||||||||||||||||||||
Current Assets | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,085.00 | 1,085.00 | 1,010.00 | 1,040.00 | - | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 1,085.00 | 1,085.00 | 1,010.00 | 1,040.00 | - | |||||||||||||||
TOTAL CURRENT ASSETS | $ | 2,170.00 | $ | 2,170.00 | $ | 2,020.00 | $ | 2,080.00 | $ | - | ||||||||||
Other Assets | ||||||||||||||||||||
Collectable Assets | 27,725.51 | - | 22,268.75 | 235,219.25 | 50,199.30 | |||||||||||||||
Deferred Tax Asset | - | - | 5,800.00 | - | - | |||||||||||||||
Deferred Tax Asset V/A | - | - | (5,800.00 | ) | - | - | ||||||||||||||
TOTAL OTHER ASSETS | $ | 27,725.51 | $ | - | $ | 22,268.75 | $ | 235,219.25 | $ | 50,199.30 | ||||||||||
TOTAL ASSETS | $ | 29,895.51 | $ | 2,170.00 | $ | 24,288.75 | $ | 237,299.25 | $ | 50,199.30 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,085.00 | - | 1,010.00 | 1,040.00 | - | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 1,085.00 | $ | - | $ | 1,010.00 | $ | 1,040.00 | $ | - | ||||||||||
TOTAL LIABILITIES | $ | 1,085.00 | $ | - | $ | 1,010.00 | $ | 1,040.00 | $ | - | ||||||||||
MEMBERS’ EQUITY/(DEFICIT) | ||||||||||||||||||||
Membership Contributions | $ | 94,460.00 | $ | 57,500.00 | $ | 50,900.00 | $ | 308,400.00 | $ | 67,320.00 | ||||||||||
Membership Distributions | - | (82,500.00 | ) | - | - | - | ||||||||||||||
Retained Equity | (17,741.25 | ) | - | - | - | - | ||||||||||||||
Net Income / (loss) | (47,908.24 | ) | 27,170.00 | (27,621.25 | ) | (72,140.75 | ) | (17,120.70 | ) | |||||||||||
TOTAL MEMBERS’ EQUITY/(DEFICIT) | $ | 28,810.51 | $ | 2,170.00 | $ | 23,278.75 | $ | 236,259.25 | $ | 50,199.30 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 29,895.51 | $ | 2,170.00 | $ | 24,288.75 | $ | 237,299.25 | $ | 50,199.30 |
See accompanying notes, which are an integral part of these financial statements.
F-35
Collectable Sports Assets, LLC
Consolidated Balance Sheets as of
December 31, 2022
#MOOKIE BETTS GLOVE | #MPJ Championship Ticket | #MagicBird DrJ1980 PSA9 | #Mahomes Bronze Basket | #Mahomes Immaculate 1of1 | ||||||||||||||||
ASSETS | ||||||||||||||||||||
Current Assets | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,052.50 | 1,035.50 | 1,100.50 | 975.00 | 1,010.00 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 1,052.50 | 1,035.50 | 1,100.50 | 975.00 | 1,010.00 | |||||||||||||||
TOTAL CURRENT ASSETS | $ | 2,105.00 | $ | 2,071.00 | $ | 2,201.00 | $ | 1,950.00 | $ | 2,020.00 | ||||||||||
Other Assets | ||||||||||||||||||||
Collectable Assets | 17,749.69 | 2,863.92 | 15,543.13 | 98,417.00 | 113,935.68 | |||||||||||||||
Deferred Tax Asset | - | - | 3,424.00 | - | - | |||||||||||||||
Deferred Tax Asset V/A | - | - | (3,424.00 | ) | - | - | ||||||||||||||
TOTAL OTHER ASSETS | $ | 17,749.69 | $ | 2,863.92 | $ | 15,543.13 | $ | 98,417.00 | $ | 113,935.68 | ||||||||||
TOTAL ASSETS | $ | 19,854.69 | $ | 4,934.92 | $ | 17,744.13 | $ | 100,367.00 | $ | 115,955.68 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,052.50 | 1,035.50 | 1,100.50 | 975.00 | 1,010.00 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 1,052.50 | $ | 1,035.50 | $ | 1,100.50 | $ | 975.00 | $ | 1,010.00 | ||||||||||
TOTAL LIABILITIES | $ | 1,052.50 | $ | 1,035.50 | $ | 1,100.50 | $ | 975.00 | $ | 1,010.00 | ||||||||||
MEMBERS’ EQUITY/(DEFICIT) | ||||||||||||||||||||
Membership Contributions | $ | 63,110.00 | $ | 31,450.00 | $ | 32,950.00 | $ | 115,000.00 | $ | 227,000.00 | ||||||||||
Membership Distributions | - | - | - | - | - | |||||||||||||||
Retained Equity | - | - | - | - | - | |||||||||||||||
Net Income / (loss) | (44,307.81 | ) | (27,550.58 | ) | (16,306.37 | ) | (15,608.00 | ) | (112,054.32 | ) | ||||||||||
TOTAL MEMBERS’ EQUITY/(DEFICIT) | $ | 18,802.19 | $ | 3,899.42 | $ | 16,643.63 | $ | 99,392.00 | $ | 114,945.68 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 19,854.69 | $ | 4,934.92 | $ | 17,744.13 | $ | 100,367.00 | $ | 115,955.68 |
See accompanying notes, which are an integral part of these financial statements.
F-36
Collectable Sports Assets, LLC
Consolidated Balance Sheets as of
December 31, 2022
#Mahomes NT1of1 | #Mahomes NT8.5 | #Mantle1953 Bowman8 Basket | #Mantle1953 Topps8 | #Mantle1957 Topps PSA8.5 | ||||||||||||||||
ASSETS | ||||||||||||||||||||
Current Assets | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 4,555.00 | 1,041.20 | 1,016.00 | 995.00 | 1,084.00 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 4,555.00 | 1,041.20 | 1,016.00 | 995.00 | 1,084.00 | |||||||||||||||
TOTAL CURRENT ASSETS | $ | 9,110.00 | $ | 2,082.40 | $ | 2,032.00 | $ | 1,990.00 | $ | 2,168.00 | ||||||||||
Other Assets | ||||||||||||||||||||
Collectable Assets | 618,966.29 | 57,778.50 | 29,931.75 | 100,771.36 | 44,444.64 | |||||||||||||||
Deferred Tax Asset | - | - | - | - | - | |||||||||||||||
Deferred Tax Asset V/A | - | - | - | - | - | |||||||||||||||
TOTAL OTHER ASSETS | $ | 618,966.29 | $ | 57,778.50 | $ | 29,931.75 | $ | 100,771.36 | $ | 44,444.64 | ||||||||||
TOTAL ASSETS | $ | 628,076.29 | $ | 59,860.90 | $ | 31,963.75 | $ | 102,761.36 | $ | 46,612.64 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 4,555.00 | 1,041.20 | 1,016.00 | 995.00 | 1,084.00 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 4,555.00 | $ | 1,041.20 | $ | 1,016.00 | $ | 995.00 | $ | 1,084.00 | ||||||||||
TOTAL LIABILITIES | $ | 4,555.00 | $ | 1,041.20 | $ | 1,016.00 | $ | 995.00 | $ | 1,084.00 | ||||||||||
MEMBERS’ EQUITY/(DEFICIT) | ||||||||||||||||||||
Membership Contributions | $ | 1,667,500.00 | $ | 165,900.00 | $ | 53,000.00 | $ | 103,500.00 | $ | 58,300.00 | ||||||||||
Membership Distributions | - | - | - | - | - | |||||||||||||||
Retained Equity | - | (32,641.05 | ) | - | - | - | ||||||||||||||
Net Income / (loss) | (1,043,978.71 | ) | (74,439.25 | ) | (22,052.25 | ) | (1,733.64 | ) | (12,771.36 | ) | ||||||||||
TOTAL MEMBERS’ EQUITY/(DEFICIT) | $ | 623,521.29 | $ | 58,819.70 | $ | 30,947.75 | $ | 101,766.36 | $ | 45,528.64 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 628,076.29 | $ | 59,860.90 | $ | 31,963.75 | $ | 102,761.36 | $ | 46,612.64 |
See accompanying notes, which are an integral part of these financial statements.
F-37
Collectable Sports Assets, LLC
Consolidated Balance Sheets as of
December 31, 2022
#Mantle1964 Topps9 | #Mantle1965 Topps9 | #Mantle 1966 Topps PSA9Basket | #Mantle1967 Topps9 | #Mantle1968 PSA9 Basket | ||||||||||||||||
ASSETS | ||||||||||||||||||||
Current Assets | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,038.00 | 1,250.50 | 1,040.00 | 635.50 | 1,076.50 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 1,038.00 | 1,250.50 | 1,040.00 | 685.50 | 1,076.50 | |||||||||||||||
TOTAL CURRENT ASSETS | $ | 2,076.00 | $ | 2,501.00 | $ | 2,080.00 | $ | 1,321.00 | $ | 2,153.00 | ||||||||||
Other Assets | ||||||||||||||||||||
Collectable Assets | 46,882.17 | 38,699.50 | 42,225.35 | 15,610.14 | 18,979.90 | |||||||||||||||
Deferred Tax Asset | - | 1,717.00 | - | 1,087.00 | - | |||||||||||||||
Deferred Tax Asset V/A | - | (1,717.00 | ) | - | (1,087.00 | ) | - | |||||||||||||
TOTAL OTHER ASSETS | $ | 46,882.17 | $ | 38,699.50 | $ | 42,225.35 | $ | 15,610.14 | $ | 18,979.90 | ||||||||||
TOTAL ASSETS | $ | 48,958.17 | $ | 41,200.50 | $ | 44,305.35 | $ | 16,931.14 | $ | 21,132.90 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,038.00 | 1,250.50 | 1,040.00 | 635.50 | 1,076.50 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 1,038.00 | $ | 1,250.50 | $ | 1,040.00 | $ | 635.50 | $ | 1,076.50 | ||||||||||
TOTAL LIABILITIES | $ | 1,038.00 | $ | 1,250.50 | $ | 1,040.00 | $ | 635.50 | $ | 1,076.50 | ||||||||||
MEMBERS’ EQUITY/(DEFICIT) | ||||||||||||||||||||
Membership Contributions | $ | 51,152.50 | $ | 39,950.00 | $ | 45,660.00 | $ | 21,470.00 | $ | 38,050.00 | ||||||||||
Membership Distributions | - | - | - | - | - | |||||||||||||||
Retained Equity | - | - | - | - | - | |||||||||||||||
Net Income / (loss) | (3,232.33 | ) | - | (2,394.65 | ) | (5,174.36 | ) | (17,993.60 | ) | |||||||||||
TOTAL MEMBERS’ EQUITY/(DEFICIT) | $ | 47,920.17 | $ | 39,950.00 | $ | 43,265.35 | $ | 16,295.64 | $ | 20,056.40 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 48,958.17 | $ | 41,200.50 | $ | 44,305.35 | $ | 16,931.14 | $ | 21,132.90 |
See accompanying notes, which are an integral part of these financial statements.
F-38
Collectable Sports Assets, LLC
Consolidated Balance Sheets as of
December 31, 2022
#Mantle1969 Topps9 | #Mantle51 BowmanSGC7 | #Mantle DebutStub | #Maris58 ToppsPSA9 | #Mays1956 GrayPSA9 | ||||||||||||||||
ASSETS | ||||||||||||||||||||
Current Assets | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 3,060.00 | 960.25 | 1,012.50 | 1,100.05 | 1,080.00 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 3,060.00 | 960.25 | 1,012.50 | 1,100.05 | 1,080.00 | |||||||||||||||
TOTAL CURRENT ASSETS | $ | 6,120.00 | $ | 1,920.50 | $ | 2,025.00 | $ | 2,200.10 | $ | 2,160.00 | ||||||||||
Other Assets | ||||||||||||||||||||
Collectable Assets | 32,340.00 | 63,718.18 | 31,513.62 | 21,348.49 | 36,162.68 | |||||||||||||||
Deferred Tax Asset | - | 4,025.00 | 17,687.00 | - | - | |||||||||||||||
Deferred Tax Asset V/A | - | (4,025.00 | ) | (17,687.00 | ) | - | - | |||||||||||||
TOTAL OTHER ASSETS | $ | 32,340.00 | $ | 63,718.18 | $ | 31,513.62 | $ | 21,348.49 | $ | 36,162.68 | ||||||||||
TOTAL ASSETS | $ | 38,460.00 | $ | 65,638.68 | $ | 33,538.62 | $ | 23,548.59 | $ | 38,322.68 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 3,060.00 | 960.25 | 1,012.50 | 1,100.05 | 1,080.00 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 3,060.00 | $ | 960.25 | $ | 1,012.50 | $ | 1,100.05 | $ | 1,080.00 | ||||||||||
TOTAL LIABILITIES | $ | 3,060.00 | $ | 960.25 | $ | 1,012.50 | $ | 1,100.05 | $ | 1,080.00 | ||||||||||
MEMBERS’ EQUITY/(DEFICIT) | ||||||||||||||||||||
Membership Contributions | $ | 35,400.00 | $ | 83,845.00 | $ | 118,250.00 | $ | 29,345.00 | $ | 59,000.00 | ||||||||||
Membership Distributions | - | - | - | - | - | |||||||||||||||
Retained Equity | - | - | - | - | - | |||||||||||||||
Net Income / (loss) | - | (19,166.57 | ) | (85,723.88 | ) | (6,896.46 | ) | (21,757.32 | ) | |||||||||||
TOTAL MEMBERS’ EQUITY/(DEFICIT) | $ | 35,400.00 | $ | 64,678.43 | $ | 32,526.12 | $ | 22,448.54 | $ | 37,242.68 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 38,460.00 | $ | 65,638.68 | $ | 33,538.62 | $ | 23,548.59 | $ | 38,322.68 |
See accompanying notes, which are an integral part of these financial statements.
F-39
Collectable Sports Assets, LLC
Consolidated Balance Sheets as of
December 31, 2022
#MessiMegacracks #71PSA9 | #MichaelPorter JrBasket | #Mikan48 BowmanPSA7 | #NTBBall WaxBundle | #NadalNet ProGlossy | ||||||||||||||||
ASSETS | ||||||||||||||||||||
Current Assets | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | - | - | 1,002.50 | 975.00 | 1,038.50 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | - | - | 1,002.50 | 975.00 | 1,038.50 | |||||||||||||||
TOTAL CURRENT ASSETS | $ | - | $ | - | $ | 2,005.00 | $ | 1,950.00 | $ | 2,077.00 | ||||||||||
Other Assets | ||||||||||||||||||||
Collectable Assets | 33,938.73 | 10,502.03 | 26,593.75 | 62,925.38 | 29,611.50 | |||||||||||||||
Deferred Tax Asset | - | - | - | 16,506.00 | (84.00 | ) | ||||||||||||||
Deferred Tax Asset V/A | - | - | - | (16,506.00 | ) | 84.00 | ||||||||||||||
TOTAL OTHER ASSETS | $ | 33,938.73 | $ | 10,502.03 | $ | 26,593.75 | $ | 62,925.38 | $ | 29,611.50 | ||||||||||
TOTAL ASSETS | $ | 33,938.73 | $ | 10,502.03 | $ | 28,598.75 | $ | 64,875.38 | $ | 31,688.50 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | - | 1,002.50 | 975.00 | 1,038.50 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | - | $ | - | $ | 1,002.50 | $ | 975.00 | $ | 1,038.50 | ||||||||||
TOTAL LIABILITIES | $ | - | $ | - | $ | 1,002.50 | $ | 975.00 | $ | 1,038.50 | ||||||||||
MEMBERS’ EQUITY/(DEFICIT) | ||||||||||||||||||||
Membership Contributions | $ | 90,000.00 | $ | 31,065.00 | $ | 42,551.00 | $ | 142,500.00 | $ | 30,650.00 | ||||||||||
Membership Distributions | - | - | - | - | - | |||||||||||||||
Retained Equity | - | - | - | - | - | |||||||||||||||
Net Income / (loss) | (56,061.27 | ) | (20,562.97 | ) | (14,954.75 | ) | (78,599.62 | ) | - | |||||||||||
TOTAL MEMBERS’ EQUITY/(DEFICIT) | $ | 33,938.73 | $ | 10,502.03 | $ | 27,596.25 | $ | 63,900.38 | $ | 30,650.00 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 33,938.73 | $ | 10,502.03 | $ | 28,598.75 | $ | 64,875.38 | $ | 31,688.50 |
See accompanying notes, which are an integral part of these financial statements.
F-40
Collectable Sports Assets, LLC
Consolidated Balance Sheets as of
December 31, 2022
#NegroLeague Legendary CutsBasket | #NolanRyan 1968 Milton BradleyPSA9 | #NolanRyan 1968 ToppsPSA8.5 | #OVECHKIN THECUP BGS8.5 | #OZZIE SMITH RCBGS9.5 | ||||||||||||||||
ASSETS | ||||||||||||||||||||
Current Assets | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 995.00 | 1,030.00 | 1,061.50 | 1,070.00 | - | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 995.00 | 1,030.00 | 1,061.50 | 1,070.00 | - | |||||||||||||||
TOTAL CURRENT ASSETS | $ | 1,990.00 | $ | 2,060.00 | $ | 2,123.00 | $ | 2,140.00 | $ | - | ||||||||||
Other Assets | ||||||||||||||||||||
Collectable Assets | 32,197.73 | 126,190.08 | 23,788.50 | - | 20,700.90 | |||||||||||||||
Deferred Tax Asset | - | 8,954.00 | (53.00 | ) | - | - | ||||||||||||||
Deferred Tax Asset V/A | - | (8,954.00 | ) | 53.00 | - | - | ||||||||||||||
TOTAL OTHER ASSETS | $ | 32,197.73 | $ | 126,190.08 | $ | 23,788.50 | $ | - | $ | 20,700.90 | ||||||||||
TOTAL ASSETS | $ | 34,187.73 | $ | 128,250.08 | $ | 25,911.50 | $ | 2,140.00 | $ | 20,700.90 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 995.00 | 1,030.00 | 1,061.50 | - | - | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 995.00 | $ | 1,030.00 | $ | 1,061.50 | $ | - | $ | - | ||||||||||
TOTAL LIABILITIES | $ | 995.00 | $ | 1,030.00 | $ | 1,061.50 | $ | - | $ | - | ||||||||||
MEMBERS’ EQUITY/(DEFICIT) | ||||||||||||||||||||
Membership Contributions | $ | 92,800.00 | $ | 172,500.00 | $ | 24,850.00 | $ | 42,250.00 | $ | 74,710.00 | ||||||||||
Membership Distributions | - | - | - | (55,000.00 | ) | - | ||||||||||||||
Retained Equity | - | - | - | 14,890.00 | - | |||||||||||||||
Net Income / (loss) | (59,607.27 | ) | (45,279.92 | ) | - | - | (54,009.10 | ) | ||||||||||||
TOTAL MEMBERS’ EQUITY/(DEFICIT) | $ | 33,192.73 | $ | 127,220.08 | $ | 24,850.00 | $ | 2,140.00 | $ | 20,700.90 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 34,187.73 | $ | 128,250.08 | $ | 25,911.50 | $ | 2,140.00 | $ | 20,700.90 |
See accompanying notes, which are an integral part of these financial statements.
F-41
Collectable Sports Assets, LLC
Consolidated Balance Sheets as of
December 31, 2022
#Orange Dominguez | #Oscar Robertson Cincinnati Royals Jersey | #OttoGraham 1950 Bowman PSA9 | #Ovechkin SPAuth Basket9.5 | #Ovechkin The CupBGS GemMint9.5 | ||||||||||||||||
ASSETS | ||||||||||||||||||||
Current Assets | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 3,028.80 | 915.00 | 1,011.50 | 1,290.10 | 830.00 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 3,028.80 | 915.00 | 1,011.50 | 1,290.10 | 830.00 | |||||||||||||||
TOTAL CURRENT ASSETS | $ | 6,057.60 | $ | 1,830.00 | $ | 2,023.00 | $ | 2,580.20 | $ | 1,660.00 | ||||||||||
Other Assets | ||||||||||||||||||||
Collectable Assets | 16,800.00 | - | - | 24,619.36 | 321,901.37 | |||||||||||||||
Deferred Tax Asset | - | - | - | 1,359.00 | 30,611.00 | |||||||||||||||
Deferred Tax Asset V/A | - | - | - | (1,359.00 | ) | (30,611.00 | ) | |||||||||||||
TOTAL OTHER ASSETS | $ | 16,800.00 | $ | - | $ | - | $ | 24,619.36 | $ | 321,901.37 | ||||||||||
TOTAL ASSETS | $ | 22,857.60 | $ | 1,830.00 | $ | 2,023.00 | $ | 27,199.56 | $ | 323,561.37 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | 9,414.00 | 5,488.00 | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 3,028.80 | - | - | 1,290.10 | 830.00 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 3,028.80 | $ | 9,414.00 | $ | 5,488.00 | $ | 1,290.10 | $ | 830.00 | ||||||||||
TOTAL LIABILITIES | $ | 3,028.80 | $ | 9,414.00 | $ | 5,488.00 | $ | 1,290.10 | $ | 830.00 | ||||||||||
MEMBERS’ EQUITY/(DEFICIT) | ||||||||||||||||||||
Membership Contributions | $ | 38,395.00 | $ | 286,000.00 | $ | 45,890.00 | $ | 32,380.00 | $ | 468,500.00 | ||||||||||
Membership Distributions | - | (320,000.00 | ) | (70,000.00 | ) | - | - | |||||||||||||
Retained Equity | - | - | - | - | - | |||||||||||||||
Net Income / (loss) | (18,566.20 | ) | 26,416.00 | 20,645.00 | (6,470.54 | ) | (145,768.63 | ) | ||||||||||||
TOTAL MEMBERS’ EQUITY/(DEFICIT) | $ | 19,828.80 | $ | (7,584.00 | ) | $ | (3,465.00 | ) | $ | 25,909.46 | $ | 322,731.37 | ||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 22,857.60 | $ | 1,830.00 | $ | 2,023.00 | $ | 27,199.56 | $ | 323,561.37 |
See accompanying notes, which are an integral part of these financial statements.
F-42
Collectable Sports Assets, LLC
Consolidated Balance Sheets as of
December 31, 2022
#PaulMolitor 1978 ToppsPSA10 | #PaulPierce 2010 ASGJersey | #Pele 1958 Americana PSA3 | #Peyton Manning MVP Helmet | #RICKEY HENDER SONRCP SA10 | ||||||||||||||||
ASSETS | ||||||||||||||||||||
Current Assets | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,017.50 | 1,025.50 | 1,002.50 | 955.00 | - | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 1,017.50 | 1,025.50 | 1,002.50 | 955.00 | - | |||||||||||||||
TOTAL CURRENT ASSETS | $ | 2,035.00 | $ | 2,051.00 | $ | 2,005.00 | $ | 1,910.00 | $ | - | ||||||||||
Other Assets | ||||||||||||||||||||
Collectable Assets | 34,036.56 | 4,088.50 | 76,224.03 | 170,290.26 | 93,535.49 | |||||||||||||||
Deferred Tax Asset | 3,193.00 | - | 10,398.00 | - | - | |||||||||||||||
Deferred Tax Asset V/A | (3,193.00 | ) | - | (10,398.00 | ) | - | - | |||||||||||||
TOTAL OTHER ASSETS | $ | 34,036.56 | $ | 4,088.50 | $ | 76,224.03 | $ | 170,290.26 | $ | 93,535.49 | ||||||||||
TOTAL ASSETS | $ | 36,071.56 | $ | 6,139.50 | $ | 78,229.03 | $ | 172,200.26 | $ | 93,535.49 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,017.50 | 1,025.50 | 1,002.50 | 955.00 | - | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 1,017.50 | $ | 1,025.50 | $ | 1,002.50 | $ | 955.00 | $ | - | ||||||||||
TOTAL LIABILITIES | $ | 1,017.50 | $ | 1,025.50 | $ | 1,002.50 | $ | 955.00 | $ | - | ||||||||||
MEMBERS’ EQUITY/(DEFICIT) | ||||||||||||||||||||
Membership Contributions | $ | 53,990.00 | $ | 31,450.00 | $ | 126,740.00 | $ | 190,020.00 | $ | 152,200.00 | ||||||||||
Membership Distributions | - | - | - | - | - | |||||||||||||||
Retained Equity | - | - | - | - | - | |||||||||||||||
Net Income / (loss) | (18,935.94 | ) | (26,336.00 | ) | (49,513.47 | ) | (18,774.74 | ) | (58,664.51 | ) | ||||||||||
TOTAL MEMBERS’ EQUITY/(DEFICIT) | $ | 35,054.06 | $ | 5,114.00 | $ | 77,226.53 | $ | 171,245.26 | $ | 93,535.49 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 36,071.56 | $ | 6,139.50 | $ | 78,229.03 | $ | 172,200.26 | $ | 93,535.49 |
See accompanying notes, which are an integral part of these financial statements.
F-43
Collectable Sports Assets, LLC
Consolidated Balance Sheets as of
December 31, 2022
#RODGERS PLAYOFF CONTENDERS GREEN | #RONALDO 2002 PANINI FUTEBOL STICKER SPSA10 | #RONALDO 2003 PANINIME GACRAQUES PSA10 | #RUTHGEHRIG BALL | #Ripken Rookie Jersey&Card Basket | ||||||||||||||||
ASSETS | ||||||||||||||||||||
Current Assets | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,042.50 | 965.00 | 875.00 | 1,868.28 | 956.50 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 1,042.50 | 965.00 | 875.00 | 1,508.28 | 956.50 | |||||||||||||||
TOTAL CURRENT ASSETS | $ | 2,085.00 | $ | 1,930.00 | $ | 1,750.00 | $ | 3,376.56 | �� | $ | 1,913.00 | |||||||||
Other Assets | ||||||||||||||||||||
Collectable Assets | - | 64,685.70 | 153,739.53 | 71,751.72 | 122,973.33 | |||||||||||||||
Deferred Tax Asset | - | 9,943.00 | 34,120.00 | - | 7,375.00 | |||||||||||||||
Deferred Tax Asset V/A | - | (9,943.00 | ) | (34,120.00 | ) | - | (7,375.00 | ) | ||||||||||||
TOTAL OTHER ASSETS | $ | - | $ | 64,685.70 | $ | 153,739.53 | $ | 71,751.72 | $ | 122,973.33 | ||||||||||
TOTAL ASSETS | $ | 2,085.00 | $ | 66,615.70 | $ | 155,489.53 | $ | 75,128.28 | $ | 124,886.33 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | 965.00 | 875.00 | 1,508.28 | 956.50 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | - | $ | 965.00 | $ | 875.00 | $ | 1,508.28 | $ | 956.50 | ||||||||||
TOTAL LIABILITIES | $ | - | $ | 965.00 | $ | 875.00 | $ | 1,508.28 | $ | 956.50 | ||||||||||
MEMBERS’ EQUITY/(DEFICIT) | ||||||||||||||||||||
Membership Contributions | $ | 20,949.00 | $ | 115,500.00 | $ | 325,590.00 | $ | 73,620.00 | $ | 159,400.00 | ||||||||||
Membership Distributions | (30,000.00 | ) | - | - | - | - | ||||||||||||||
Retained Equity | 11,136.00 | - | - | - | - | |||||||||||||||
Net Income / (loss) | - | (49,849.30 | ) | (170,975.47 | ) | - | (35,470.17 | ) | ||||||||||||
TOTAL MEMBERS’ EQUITY/(DEFICIT) | $ | 2,085.00 | $ | 65,650.70 | $ | 154,614.53 | $ | 73,620.00 | $ | 123,929.83 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 2,085.00 | $ | 66,615.70 | $ | 155,489.53 | $ | 75,128.28 | $ | 124,886.33 |
See accompanying notes, which are an integral part of these financial statements.
F-44
Collectable Sports Assets, LLC
Consolidated Balance Sheets as of
December 31, 2022
#Roy Campanella 1949Bowman PSA9 | #Ruth1914 Baltimore NewsSGC3 | #Ruth33 GoudeySGC8 | #Sadaharu OhBat | #Sandy Koufax1956 ToppsGray BackPSA9 | ||||||||||||||||
ASSETS | ||||||||||||||||||||
Current Assets | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | - | 2,180.60 | 1,390.00 | 1,037.50 | 267.50 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | - | 2,180.60 | 1,390.00 | 1,037.50 | 267.50 | |||||||||||||||
TOTAL CURRENT ASSETS | $ | - | $ | 4,361.20 | $ | 2,780.00 | $ | 2,075.00 | $ | 535.00 | ||||||||||
Other Assets | ||||||||||||||||||||
Collectable Assets | 38,500.00 | 64,359.40 | 140,860.00 | 19,032.06 | 30,877.90 | |||||||||||||||
Deferred Tax Asset | 4,851.00 | - | - | - | 1,038.00 | |||||||||||||||
Deferred Tax Asset V/A | (4,851.00 | ) | - | - | - | (1,038.00 | ) | |||||||||||||
TOTAL OTHER ASSETS | $ | 38,500.00 | $ | 64,359.40 | $ | 140,860.00 | $ | 19,032.06 | $ | 30,877.90 | ||||||||||
TOTAL ASSETS | $ | 38,500.00 | $ | 68,720.60 | $ | 143,640.00 | $ | 21,107.06 | $ | 31,412.90 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | 2,180.60 | 1,390.00 | 1,037.50 | 267.50 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | - | $ | 2,180.60 | $ | 1,390.00 | $ | 1,037.50 | $ | 267.50 | ||||||||||
TOTAL LIABILITIES | $ | - | $ | 2,180.60 | $ | 1,390.00 | $ | 1,037.50 | $ | 267.50 | ||||||||||
MEMBERS’ EQUITY/(DEFICIT) | ||||||||||||||||||||
Membership Contributions | $ | 61,600.00 | $ | 66,540.00 | $ | 142,250.00 | $ | 25,850.00 | $ | 36,090.00 | ||||||||||
Membership Distributions | - | - | - | - | - | |||||||||||||||
Retained Equity | - | - | - | - | - | |||||||||||||||
Net Income / (loss) | (23,100.00 | ) | - | - | (5,780.44 | ) | (4,944.60 | ) | ||||||||||||
TOTAL MEMBERS’ EQUITY/(DEFICIT) | $ | 38,500.00 | $ | 66,540.00 | $ | 142,250.00 | $ | 20,069.56 | $ | 31,145.40 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 38,500.00 | $ | 68,720.60 | $ | 143,640.00 | $ | 21,107.06 | $ | 31,412.90 |
See accompanying notes, which are an integral part of these financial statements.
F-45
Collectable Sports Assets, LLC
Consolidated Balance Sheets as of
December 31, 2022
#Satchel Paige48 LeafSGC30 | #Seager Orange Refractor Basket | #Serena03 NetPro PSA10 Basket | #Shoeless JoeJackson 1915PSA8 | #StephCurry Sneakers | ||||||||||||||||
ASSETS | ||||||||||||||||||||
Current Assets | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,057.45 | 1,140.00 | 1,017.50 | 1,227.50 | 990.00 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 1,052.45 | 1,140.00 | 1,017.50 | 1,227.50 | 990.00 | |||||||||||||||
TOTAL CURRENT ASSETS | $ | 2,109.90 | $ | 2,280.00 | $ | 2,035.00 | $ | 2,455.00 | $ | 1,980.00 | ||||||||||
Other Assets | ||||||||||||||||||||
Collectable Assets | 23,804.62 | - | 17,782.50 | 44,656.83 | - | |||||||||||||||
Deferred Tax Asset | - | - | - | 11,354.00 | - | |||||||||||||||
Deferred Tax Asset V/A | - | - | - | (11,354.00 | ) | - | ||||||||||||||
TOTAL OTHER ASSETS | $ | 23,804.62 | $ | - | $ | 17,782.50 | $ | 44,656.83 | $ | - | ||||||||||
TOTAL ASSETS | $ | 25,914.52 | $ | 2,280.00 | $ | 19,817.50 | $ | 47,111.83 | $ | 1,980.00 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,057.45 | - | 1,017.50 | 1,227.50 | - | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 1,057.45 | $ | - | $ | 1,017.50 | $ | 1,227.50 | $ | - | ||||||||||
TOTAL LIABILITIES | $ | 1,057.45 | $ | - | $ | 1,017.50 | $ | 1,227.50 | $ | - | ||||||||||
MEMBERS’ EQUITY/(DEFICIT) | ||||||||||||||||||||
Membership Contributions | $ | 37,050.00 | $ | 16,880.00 | $ | 18,800.00 | $ | 99,950.00 | $ | 82,000.00 | ||||||||||
Membership Distributions | - | (3,500.00 | ) | - | - | (110,000.00 | ) | |||||||||||||
Retained Equity | - | - | - | - | 29,980.00 | |||||||||||||||
Net Income / (loss) | (12,192.93 | ) | (11,100.00 | ) | - | (54,065.67 | ) | - | ||||||||||||
TOTAL MEMBERS’ EQUITY/(DEFICIT) | $ | 24,857.07 | $ | 2,280.00 | $ | 18,800.00 | $ | 45,884.33 | $ | 1,980.00 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 25,914.52 | $ | 2,280.00 | $ | 19,817.50 | $ | 47,111.83 | $ | 1,980.00 |
See accompanying notes, which are an integral part of these financial statements.
F-46
Collectable Sports Assets, LLC
Consolidated Balance Sheets as of
December 31, 2022
#TATISBOW MANBLACK LABEL | #TATUM FLAWLESS10 | #TEDWILLI AMS1939 PLAYBALL | #TIGER PUTTER | #TIGERS IFORKIDS | ||||||||||||||||
ASSETS | ||||||||||||||||||||
Current Assets | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,650.00 | 1,090.00 | 1,080.00 | 1,217.50 | 1,115.00 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 1,650.00 | 1,090.00 | 1,080.00 | 1,217.50 | 1,115.00 | |||||||||||||||
TOTAL CURRENT ASSETS | $ | 3,300.00 | $ | 2,180.00 | $ | 2,160.00 | $ | 2,435.00 | $ | 2,230.00 | ||||||||||
Other Assets | ||||||||||||||||||||
Collectable Assets | 44,878.75 | - | 32,880.00 | 214,642.50 | 23,785.00 | |||||||||||||||
Deferred Tax Asset | - | - | - | - | - | |||||||||||||||
Deferred Tax Asset V/A | - | - | - | - | - | |||||||||||||||
TOTAL OTHER ASSETS | $ | 44,878.75 | $ | - | $ | 32,880.00 | $ | 214,642.50 | $ | 23,785.00 | ||||||||||
TOTAL ASSETS | $ | 48,178.75 | $ | 2,180.00 | $ | 35,040.00 | $ | 217,077.50 | $ | 26,015.00 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,650.00 | - | 1,080.00 | 1,217.50 | 1,115.00 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 1,650.00 | $ | - | $ | 1,080.00 | $ | 1,217.50 | $ | 1,115.00 | ||||||||||
TOTAL LIABILITIES | $ | 1,650.00 | $ | - | $ | 1,080.00 | $ | 1,217.50 | $ | 1,115.00 | ||||||||||
MEMBERS’ EQUITY/(DEFICIT) | ||||||||||||||||||||
Membership Contributions | $ | 223,000.00 | $ | 47,600.00 | $ | 33,960.00 | $ | 215,860.00 | $ | 24,900.00 | ||||||||||
Membership Distributions | - | (100,000.00 | ) | - | - | - | ||||||||||||||
Retained Equity | (22,135.00 | ) | - | - | - | - | ||||||||||||||
Net Income / (loss) | (154,336.25 | ) | 54,580.00 | - | - | - | ||||||||||||||
TOTAL MEMBERS’ EQUITY/(DEFICIT) | $ | 46,528.75 | $ | 2,180.00 | $ | 33,960.00 | $ | 215,860.00 | $ | 24,900.00 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 48,178.75 | $ | 2,180.00 | $ | 35,040.00 | $ | 217,077.50 | $ | 26,015.00 |
See accompanying notes, which are an integral part of these financial statements.
F-47
Collectable Sports Assets, LLC
Consolidated Balance Sheets as of
December 31, 2022
#TIGERS PAUTHENTIC BGS9.5 | #TRAEYOUNG FLAWLESS BGS9 | #TYSONRC BGS9BASKET | #Tatum Flawless GoldBGS9.5 | #TheRock Bumble BeePSA10 | ||||||||||||||||
ASSETS | ||||||||||||||||||||
Current Assets | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,085.00 | 1,050.00 | - | 1,115.00 | 1,050.00 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 1,085.00 | 1,050.00 | - | 1,115.00 | 1,050.00 | |||||||||||||||
TOTAL CURRENT ASSETS | $ | 2,170.00 | $ | 2,100.00 | $ | - | $ | 2,230.00 | $ | 2,100.00 | ||||||||||
Other Assets | ||||||||||||||||||||
Collectable Assets | 14,625.76 | 6,537.05 | 17,592.04 | 42,000.00 | 20,485.00 | |||||||||||||||
Deferred Tax Asset | - | - | - | 3,441.00 | - | |||||||||||||||
Deferred Tax Asset V/A | - | - | - | (3,441.00 | ) | - | ||||||||||||||
TOTAL OTHER ASSETS | $ | 14,625.76 | $ | 6,537.05 | $ | 17,592.04 | $ | 42,000.00 | $ | 20,485.00 | ||||||||||
TOTAL ASSETS | $ | 16,795.76 | $ | 8,637.05 | $ | 17,592.04 | $ | 44,230.00 | $ | 22,585.00 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,085.00 | 1,050.00 | - | 1,115.00 | 1,050.00 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 1,085.00 | $ | 1,050.00 | $ | - | $ | 1,115.00 | $ | 1,050.00 | ||||||||||
TOTAL LIABILITIES | $ | 1,085.00 | $ | 1,050.00 | $ | - | $ | 1,115.00 | $ | 1,050.00 | ||||||||||
MEMBERS’ EQUITY/(DEFICIT) | ||||||||||||||||||||
Membership Contributions | $ | 36,900.00 | $ | 15,840.00 | $ | 58,900.00 | $ | 60,000.00 | $ | 48,200.00 | ||||||||||
Membership Distributions | - | - | - | - | - | |||||||||||||||
Retained Equity | - | - | - | - | - | |||||||||||||||
Net Income / (loss) | (21,189.24 | ) | (8,252.95 | ) | (41,307.96 | ) | (16,885.00 | ) | (26,665.00 | ) | ||||||||||
TOTAL MEMBERS’ EQUITY/(DEFICIT) | $ | 15,710.76 | $ | 7,587.05 | $ | 17,592.04 | $ | 43,115.00 | $ | 21,535.00 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 16,795.76 | $ | 8,637.05 | $ | 17,592.04 | $ | 44,230.00 | $ | 22,585.00 |
See accompanying notes, which are an integral part of these financial statements.
F-48
Collectable Sports Assets, LLC
Consolidated Balance Sheets as of
December 31, 2022
#Tiger1st EventStub | #TigerWoods DebutTicket | #TimDuncan PMGGreen | #TraeYoung Flawless GreenBGS9 | #Trevor Lawrence LeafBasket | ||||||||||||||||
ASSETS | ||||||||||||||||||||
Current Assets | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 999.50 | 990.00 | 930.00 | - | - | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 999.50 | 990.00 | 930.00 | - | - | |||||||||||||||
TOTAL CURRENT ASSETS | $ | 1,999.00 | $ | 1,980.00 | $ | 1,860.00 | $ | - | $ | - | ||||||||||
Other Assets | ||||||||||||||||||||
Collectable Assets | 28,188.28 | 37,866.81 | 226,570.00 | 15,875.00 | 4,579.27 | |||||||||||||||
Deferred Tax Asset | 13,642.00 | 9,354.00 | - | - | - | |||||||||||||||
Deferred Tax Asset V/A | (13,642.00 | ) | (9,354.00 | ) | - | - | - | |||||||||||||
TOTAL OTHER ASSETS | $ | 28,188.28 | $ | 37,866.81 | $ | 226,570.00 | $ | 15,875.00 | $ | 4,579.27 | ||||||||||
TOTAL ASSETS | $ | 30,187.28 | $ | 39,846.81 | $ | 228,430.00 | $ | 15,875.00 | $ | 4,579.27 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 999.50 | 990.00 | 930.00 | - | - | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 999.50 | $ | 990.00 | $ | 930.00 | $ | - | $ | - | ||||||||||
TOTAL LIABILITIES | $ | 999.50 | $ | 990.00 | $ | 930.00 | $ | - | $ | - | ||||||||||
MEMBERS’ EQUITY/(DEFICIT) | ||||||||||||||||||||
Membership Contributions | $ | 94,950.00 | $ | 83,400.00 | $ | 227,500.00 | $ | 24,840.00 | $ | 11,300.00 | ||||||||||
Membership Distributions | - | - | - | - | - | |||||||||||||||
Retained Equity | - | - | - | - | - | |||||||||||||||
Net Income / (loss) | (65,762.22 | ) | (44,543.19 | ) | - | (8,965.00 | ) | (6,720.73 | ) | |||||||||||
TOTAL MEMBERS’ EQUITY/(DEFICIT) | $ | 29,187.78 | $ | 38,856.81 | $ | 227,500.00 | $ | 15,875.00 | $ | 4,579.27 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 30,187.28 | $ | 39,846.81 | $ | 228,430.00 | $ | 15,875.00 | $ | 4,579.27 |
See accompanying notes, which are an integral part of these financial statements.
F-49
Collectable Sports Assets, LLC
Consolidated Balance Sheets as of
December 31, 2022
#Trout Finest Super fractor | #UNITAS 1965 JERSEY | #UnitasPSA8 | #WILT CHAM BERLAIN 61PSA9 | #Warren Spahn 1948Leaf PSA9 | ||||||||||||||||
ASSETS | ||||||||||||||||||||
Current Assets | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,100.00 | 1,100.00 | - | 1,149.00 | - | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 1,100.00 | 1,100.00 | - | 1,149.00 | - | |||||||||||||||
TOTAL CURRENT ASSETS | $ | 2,200.00 | $ | 2,200.00 | $ | - | $ | 2,298.00 | $ | - | ||||||||||
Other Assets | ||||||||||||||||||||
Collectable Assets | 114,628.01 | 165,900.00 | 12,595.33 | - | 51,436.45 | |||||||||||||||
Deferred Tax Asset | - | - | - | - | 8,676.00 | |||||||||||||||
Deferred Tax Asset V/A | - | - | - | �� | - | (8,676.00 | ) | |||||||||||||
TOTAL OTHER ASSETS | $ | 114,628.01 | $ | 165,900.00 | $ | 12,595.33 | $ | - | $ | 51,436.45 | ||||||||||
TOTAL ASSETS | $ | 116,828.01 | $ | 168,100.00 | $ | 12,595.33 | $ | 2,298.00 | $ | 51,436.45 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,100.00 | 1,100.00 | - | - | - | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 1,100.00 | $ | 1,100.00 | $ | - | $ | - | $ | - | ||||||||||
TOTAL LIABILITIES | $ | 1,100.00 | $ | 1,100.00 | $ | - | $ | - | $ | - | ||||||||||
MEMBERS’ EQUITY/(DEFICIT) | ||||||||||||||||||||
Membership Contributions | $ | 282,500.00 | $ | 167,000.00 | $ | 21,200.00 | $ | 207,400.00 | $ | 92,750.00 | ||||||||||
Membership Distributions | - | - | - | (350,000.00 | ) | - | ||||||||||||||
Retained Equity | - | - | - | 144,898.00 | - | |||||||||||||||
Net Income / (loss) | (166,771.99 | ) | - | (8,604.67 | ) | - | (41,313.55 | ) | ||||||||||||
TOTAL MEMBERS’ EQUITY/(DEFICIT) | $ | 115,728.01 | $ | 167,000.00 | $ | 12,595.33 | $ | 2,298.00 | $ | 51,436.45 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 116,828.01 | $ | 168,100.00 | $ | 12,595.33 | $ | 2,298.00 | $ | 51,436.45 |
See accompanying notes, which are an integral part of these financial statements.
F-50
Collectable Sports Assets, LLC
Consolidated Balance Sheets as of
December 31, 2022
#Wilt Chamberlain 1961 FleerRCPSA9 | #YASTRZEM SKIRC9 BASKET | #YaoDuncan DirkTriple Logoman | #ZIONRPA BGS9 | #ZionPrizms BlueBGS10 | ||||||||||||||||
ASSETS | ||||||||||||||||||||
Current Assets | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 0.50 | 1,048.00 | 3,190.00 | 2,050.00 | - | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | - | 1,048.00 | 3,190.00 | 2,050.00 | - | |||||||||||||||
TOTAL CURRENT ASSETS | $ | 0.50 | $ | 2,096.00 | $ | 6,380.00 | $ | 4,100.00 | $ | - | ||||||||||
Other Assets | ||||||||||||||||||||
Collectable Assets | 289,383.23 | - | 49,162.50 | 52,430.25 | 11,242.12 | |||||||||||||||
Deferred Tax Asset | 13,989.00 | - | 23,866.00 | - | - | |||||||||||||||
Deferred Tax Asset V/A | (13,989.00 | ) | - | (23,866.00 | ) | - | - | |||||||||||||
TOTAL OTHER ASSETS | $ | 289,383.23 | $ | - | $ | 49,162.50 | $ | 52,430.25 | $ | 11,242.12 | ||||||||||
TOTAL ASSETS | $ | 289,383.73 | $ | 2,096.00 | $ | 55,542.50 | $ | 56,530.25 | $ | 11,242.12 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 0.50 | - | 3,190.00 | 2,050.00 | - | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 0.50 | $ | - | $ | 3,190.00 | $ | 2,050.00 | $ | - | ||||||||||
TOTAL LIABILITIES | $ | 0.50 | $ | - | $ | 3,190.00 | $ | 2,050.00 | $ | - | ||||||||||
MEMBERS’ EQUITY/(DEFICIT) | ||||||||||||||||||||
Membership Contributions | $ | 355,999.50 | $ | 41,970.00 | $ | 171,000.00 | $ | 133,720.00 | $ | 31,560.00 | ||||||||||
Membership Distributions | - | (36,000.00 | ) | - | - | - | ||||||||||||||
Retained Equity | - | - | - | (21,593.88 | ) | - | ||||||||||||||
Net Income / (loss) | (66,616.27 | ) | (3,874.00 | ) | (118,647.50 | ) | (57,645.87 | ) | (20,317.88 | ) | ||||||||||
TOTAL MEMBERS’ EQUITY/(DEFICIT) | $ | 289,383.23 | $ | 2,096.00 | $ | 52,352.50 | $ | 54,480.25 | $ | 11,242.12 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 289,383.73 | $ | 2,096.00 | $ | 55,542.50 | $ | 56,530.25 | $ | 11,242.12 |
See accompanying notes, which are an integral part of these financial statements.
F-51
Collectable Sports Assets, LLC
Consolidated Balance Sheets as of
December 31, 2022
CSA | Consolidated | |||||||
ASSETS | ||||||||
Current Assets | ||||||||
Cash | $ | 490,459.91 | $ | 490,459.91 | ||||
Other Receivables | - | - | ||||||
Prepaid Consignments | - | - | ||||||
Due from Related Parties | (297,966.40 | ) | - | |||||
Due from Affiliate | 1,592,803.50 | 1,592,803.50 | ||||||
Reserve - Asset | - | 273,644.57 | ||||||
TOTAL CURRENT ASSETS | $ | 1,785,297.01 | $ | 2,356,907.98 | ||||
Other Assets | ||||||||
Collectable Assets | - | 20,536,240.87 | ||||||
Deferred Tax Asset | - | 707,573.00 | ||||||
Deferred Tax Asset V/A | - | (707,573.00 | ) | |||||
TOTAL OTHER ASSETS | $ | - | $ | 20,536,240.87 | ||||
TOTAL ASSETS | $ | 1,785,297.01 | $ | 22,893,148.85 | ||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||
CURRENT LIABILITIES | ||||||||
Consignment Liabilities | $ | - | $ | - | ||||
Sale Payout Liabilities | - | - | ||||||
Taxes Payable | - | 21,353.00 | ||||||
Due to Affiliates | 1,786,727.64 | 1,786,727.64 | ||||||
Other Current Liabilities | - | 253,354.24 | ||||||
TOTAL CURRENT LIABILITIES | $ | 1,786,727.64 | $ | 2,061,434.88 | ||||
TOTAL LIABILITIES | $ | 1,786,727.64 | $ | 2,061,434.88 | ||||
MEMBERS’ EQUITY/(DEFICIT) | ||||||||
Membership Contributions | $ | - | $ | 39,615,796.50 | ||||
Membership Distributions | - | (7,764,500.00 | ) | |||||
Retained Equity | (1,259.26 | ) | 1,593,786.59 | |||||
Net Income / (loss) | (171.37 | ) | (12,613,369.12 | ) | ||||
TOTAL MEMBERS’ EQUITY/(DEFICIT) | $ | (1,430.63 | ) | $ | 20,831,713.97 | |||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 1,785,297.01 | $ | 22,893,148.85 |
See accompanying notes, which are an integral part of these financial statements.
F-52
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED BALANCE SHEETS AS OF
DECEMBER 31, 2021
#03EXQUISITE BOX | #03TOPPS CHROME WAX | #18-19BASKET BALLGROWTH BASKET | #1909E95 SGCSET | #1964KOUFAX JERSEY | ||||||||||||||||
ASSETS | ||||||||||||||||||||
CURRENT ASSETS | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,027.50 | - | 1,032.00 | 1,052.50 | 1,035.00 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 1,027.50 | - | 1,032.00 | 1,052.50 | 1,035.00 | |||||||||||||||
TOTAL CURRENT | $ | 2,055.00 | $ | - | $ | 2,064.00 | $ | 2,105.00 | $ | 2,070.00 | ||||||||||
OTHER ASSETS | ||||||||||||||||||||
Collectable Assets | $ | 83,722.50 | $ | 24,350.00 | $ | 43,682.00 | $ | 35,997.50 | $ | 437,465.00 | ||||||||||
TOTAL OTHER ASSETS | $ | 83,722.50 | $ | 24,350.00 | $ | 43,682.00 | $ | 35,997.50 | $ | 437,465.00 | ||||||||||
TOTAL ASSETS | $ | 85,777.50 | $ | 24,350.00 | $ | 45,746.00 | $ | 38,102.50 | $ | 439,535.00 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,027.50 | - | 1,032.00 | 1,052.50 | 1,035.00 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 1,027.50 | $ | - | $ | 1,032.00 | $ | 1,052.50 | $ | 1,035.00 | ||||||||||
TOTAL LIABILITIES | $ | 1,027.50 | $ | - | $ | 1,032.00 | $ | 1,052.50 | $ | 1,035.00 | ||||||||||
MEMBERS’ EQUITY | ||||||||||||||||||||
Membership Contributions | $ | 84,750.00 | $ | 24,350.00 | $ | 44,714.00 | $ | 37,050.00 | $ | 438,500.00 | ||||||||||
Membership Distributions | - | - | - | - | - | |||||||||||||||
Retained Earnings / (Accumulated Deficit) | - | - | - | - | - | |||||||||||||||
TOTAL MEMBERS’ EQUITY | $ | 84,750.00 | $ | 24,350.00 | $ | 44,714.00 | $ | 37,050.00 | $ | 438,500.00 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 85,777.50 | $ | 24,350.00 | $ | 45,746.00 | $ | 38,102.50 | $ | 439,535.00 |
See accompanying notes, which are an integral part of these financial statements.
F-53
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED BALANCE SHEETS AS OF
DECEMBER 31, 2021
#1969TOPPS BASKET BALLSET | #1986WAX | #2000PLAYOFF CONTENDERS WAX | #48LEAFRUTH SGC8 | #AARON1954 PSA8.5 | ||||||||||||||||
ASSETS | ||||||||||||||||||||
CURRENT ASSETS | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,095.00 | 2,050.00 | 1,067.50 | 1,030.00 | 1,200.00 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 1,095.00 | 2,050.00 | 1,067.50 | 1,030.00 | 1,200.00 | |||||||||||||||
TOTAL CURRENT | $ | 2,190.00 | $ | 4,100.00 | $ | 2,135.00 | $ | 2,060.00 | $ | 2,400.00 | ||||||||||
OTHER ASSETS | ||||||||||||||||||||
Collectable Assets | $ | 151,455.00 | $ | 191,200.00 | $ | 23,582.50 | $ | 53,220.00 | $ | 123,200.00 | ||||||||||
TOTAL OTHER ASSETS | $ | 151,455.00 | $ | 191,200.00 | $ | 23,582.50 | $ | 53,220.00 | $ | 123,200.00 | ||||||||||
TOTAL ASSETS | $ | 153,645.00 | $ | 195,300.00 | $ | 25,717.50 | $ | 55,280.00 | $ | 125,600.00 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,095.00 | 2,050.00 | 1,067.50 | 1,030.00 | 1,200.00 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 1,095.00 | $ | 2,050.00 | $ | 1,067.50 | $ | 1,030.00 | $ | 1,200.00 | ||||||||||
TOTAL LIABILITIES | $ | 1,095.00 | $ | 2,050.00 | $ | 1,067.50 | $ | 1,030.00 | $ | 1,200.00 | ||||||||||
MEMBERS’ EQUITY | ||||||||||||||||||||
Membership Contributions | $ | 152,550.00 | $ | 193,250.00 | $ | 24,650.00 | $ | 54,250.00 | $ | 124,400.00 | ||||||||||
Membership Distributions | - | - | - | - | - | |||||||||||||||
Retained Earnings / (Accumulated Deficit) | - | - | - | - | - | |||||||||||||||
TOTAL MEMBERS’ EQUITY | $ | 152,550.00 | $ | 193,250.00 | $ | 24,650.00 | $ | 54,250.00 | $ | 124,400.00 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 153,645.00 | $ | 195,300.00 | $ | 25,717.50 | $ | 55,280.00 | $ | 125,600.00 |
See accompanying notes, which are an integral part of these financial statements.
F-54
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED BALANCE SHEETS AS OF
DECEMBER 31, 2021
#ACUNA GOLD9.5 | #ALIWBC BELT | #ANDRE&HULK WRESTLING BASKET | #ANDRETHE GIANT | #ACUNA BOWMAN10 BASKET | ||||||||||||||||
ASSETS | ||||||||||||||||||||
CURRENT ASSETS | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,065.00 | 4,883.11 | - | 2,850.00 | 985.00 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 1,065.00 | 4,243.11 | - | 2,850.00 | 985.00 | |||||||||||||||
TOTAL CURRENT | $ | 2,130.00 | $ | 9,126.22 | $ | - | $ | 5,700.00 | $ | 1,970.00 | ||||||||||
OTHER ASSETS | ||||||||||||||||||||
Collectable Assets | $ | 26,440.00 | $ | 427,756.89 | $ | 126,440.00 | $ | 26,870.00 | $ | 102,515.00 | ||||||||||
TOTAL OTHER ASSETS | $ | 26,440.00 | $ | 427,756.89 | $ | 126,440.00 | $ | 26,870.00 | $ | 102,515.00 | ||||||||||
TOTAL ASSETS | $ | 28,570.00 | $ | 436,883.11 | $ | 126,440.00 | $ | 32,570.00 | $ | 104,485.00 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,065.00 | 4,243.11 | - | 2,850.00 | 985.00 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 1,065.00 | $ | 4,243.11 | $ | - | $ | 2,850.00 | $ | 985.00 | ||||||||||
TOTAL LIABILITIES | $ | 1,065.00 | $ | 4,243.11 | $ | - | $ | 2,850.00 | $ | 985.00 | ||||||||||
MEMBERS’ EQUITY | ||||||||||||||||||||
Membership Contributions | $ | 27,505.00 | $ | 432,640.00 | $ | 126,440.00 | $ | 29,720.00 | $ | 103,500.00 | ||||||||||
Membership Distributions | - | - | - | - | - | |||||||||||||||
Retained Earnings / (Accumulated Deficit) | - | - | - | - | - | |||||||||||||||
TOTAL MEMBERS’ EQUITY | $ | 27,505.00 | $ | 432,640.00 | $ | 126,440.00 | $ | 29,720.00 | $ | 103,500.00 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 28,570.00 | $ | 436,883.11 | $ | 126,440.00 | $ | 32,570.00 | $ | 104,485.00 |
See accompanying notes, which are an integral part of these financial statements.
F-55
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED BALANCE SHEETS AS OF
DECEMBER 31, 2021
#ALIROOKIE CARDBVG8 | #BANKS1954 PSA9 | #BETTS GOLD REFRACTOR BASKET | #BRADY PLAYOFF CONTENDERS BASKET | #BRADY REEBOK FLAWLESS | ||||||||||||||||
ASSETS | ||||||||||||||||||||
CURRENT ASSETS | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | - | 2,180.00 | 1,292.00 | 1,031.25 | 1,120.00 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | - | 2,180.00 | 1,292.00 | 1,031.25 | 1,120.00 | |||||||||||||||
TOTAL CURRENT | $ | - | $ | 4,360.00 | $ | 2,584.00 | $ | 2,062.50 | $ | 2,240.00 | ||||||||||
OTHER ASSETS | ||||||||||||||||||||
Collectable Assets | $ | 60,700.00 | $ | 89,745.00 | $ | 62,698.00 | $ | 92,268.75 | $ | - | ||||||||||
TOTAL OTHER ASSETS | $ | 60,700.00 | $ | 89,745.00 | $ | 62,698.00 | $ | 92,268.75 | $ | - | ||||||||||
TOTAL ASSETS | $ | 60,700.00 | $ | 94,105.00 | $ | 65,282.00 | $ | 94,331.25 | $ | 2,240.00 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | 2,180.00 | 1,292.00 | 1,031.25 | - | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | - | $ | 2,180.00 | $ | 1,292.00 | $ | 1,031.25 | $ | - | ||||||||||
TOTAL LIABILITIES | $ | - | $ | 2,180.00 | $ | 1,292.00 | $ | 1,031.25 | $ | - | ||||||||||
MEMBERS’ EQUITY | ||||||||||||||||||||
Membership Contributions | $ | 60,700.00 | $ | 91,925.00 | $ | 63,990.00 | $ | 93,300.00 | $ | 48,804.00 | ||||||||||
Membership Distributions | - | - | - | - | (70,000.00 | ) | ||||||||||||||
Retained Earnings / (Accumulated Deficit) | - | - | - | - | 23,436.00 | |||||||||||||||
TOTAL MEMBERS’ EQUITY | $ | 60,700.00 | $ | 91,925.00 | $ | 63,990.00 | $ | 93,300.00 | $ | 2,240.00 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 60,700.00 | $ | 94,105.00 | $ | 65,282.00 | $ | 94,331.25 | $ | 2,240.00 |
See accompanying notes, which are an integral part of these financial statements.
F-56
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED BALANCE SHEETS AS OF
DECEMBER 31, 2021
#BRADY ROOKIE | #BETTSBLUE REFRACTOR BASKET | #BRADY BOWMAN10 | #BRADY CHAMPIONSHIP TICKET | #CHAMBER LAINHS UNIFORM | ||||||||||||||||
ASSETS | ||||||||||||||||||||
CURRENT ASSETS | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,135.00 | 1,115.00 | - | - | 4,030.00 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 1,135.00 | 1,115.00 | - | - | 4,030.00 | |||||||||||||||
TOTAL CURRENT | $ | 2,270.00 | $ | 2,230.00 | $ | - | $ | - | $ | 8,060.00 | ||||||||||
OTHER ASSETS | ||||||||||||||||||||
Collectable Assets | $ | 58,575.00 | $ | 32,735.00 | $ | 42,900.00 | $ | 2,312,000.00 | $ | 319,250.00 | ||||||||||
TOTAL OTHER ASSETS | $ | 58,575.00 | $ | 32,735.00 | $ | 42,900.00 | $ | 2,312,000.00 | $ | 319,250.00 | ||||||||||
TOTAL ASSETS | $ | 60,845.00 | $ | 34,965.00 | $ | 42,900.00 | $ | 2,312,000.00 | $ | 327,310.00 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,135.00 | 1,115.00 | - | - | 4,030.00 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 1,135.00 | $ | 1,115.00 | $ | - | $ | - | $ | 4,030.00 | ||||||||||
TOTAL LIABILITIES | $ | 1,135.00 | $ | 1,115.00 | $ | - | $ | - | $ | 4,030.00 | ||||||||||
MEMBERS’ EQUITY | ||||||||||||||||||||
Membership Contributions | $ | 59,710.00 | $ | 33,850.00 | $ | 42,900.00 | $ | 2,312,000.00 | $ | 323,280.00 | ||||||||||
Membership Distributions | - | - | - | - | - | |||||||||||||||
Retained Earnings / (Accumulated Deficit) | - | - | - | - | - | |||||||||||||||
TOTAL MEMBERS’ EQUITY | $ | 59,710.00 | $ | 33,850.00 | $ | 42,900.00 | $ | 2,312,000.00 | $ | 323,280.00 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 60,845.00 | $ | 34,965.00 | $ | 42,900.00 | $ | 2,312,000.00 | $ | 327,310.00 |
See accompanying notes, which are an integral part of these financial statements.
F-57
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED BALANCE SHEETS AS OF
DECEMBER 31, 2021
#CHAMBER LAINPHILA JERSEY59-60 | #CLEMENTE 1955PSA8 | #CLEMENTE WHITE&GRAY BASKET | #COBB MINTE98 | #COBB VINTAGET 206PHOTO | ||||||||||||||||
ASSETS | ||||||||||||||||||||
CURRENT ASSETS | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 375.00 | - | 1,152.50 | 9,437.50 | 1,072.50 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 375.00 | - | 1,152.50 | 9,437.50 | 1,072.50 | |||||||||||||||
TOTAL CURRENT | $ | 750.00 | $ | - | $ | 2,305.00 | $ | 18,875.00 | $ | 2,145.00 | ||||||||||
OTHER ASSETS | ||||||||||||||||||||
Collectable Assets | $ | 1,334,625.00 | $ | 83,999.50 | $ | 93,149.95 | $ | 300,062.50 | $ | 53,182.50 | ||||||||||
TOTAL OTHER ASSETS | $ | 1,334,625.00 | $ | 83,999.50 | $ | 93,149.95 | $ | 300,062.50 | $ | 53,182.50 | ||||||||||
TOTAL ASSETS | $ | 1,335,375.00 | $ | 83,999.50 | $ | 95,454.95 | $ | 318,937.50 | $ | 55,327.50 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 375.00 | - | 1,152.50 | 9,437.50 | 1,072.50 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 375.00 | $ | - | $ | 1,152.50 | $ | 9,437.50 | $ | 1,072.50 | ||||||||||
TOTAL LIABILITIES | $ | 375.00 | $ | - | $ | 1,152.50 | $ | 9,437.50 | $ | 1,072.50 | ||||||||||
MEMBERS’ EQUITY | ||||||||||||||||||||
Membership Contributions | $ | 1,335,000.00 | $ | 83,999.50 | $ | 114,750.00 | $ | 309,500.00 | $ | 54,255.00 | ||||||||||
Membership Distributions | - | - | - | - | - | |||||||||||||||
Retained Earnings / (Accumulated Deficit) | - | - | (20,447.55 | ) | - | - | ||||||||||||||
TOTAL MEMBERS’ EQUITY | $ | 1,335,000.00 | $ | 83,999.50 | $ | 94,302.45 | $ | 309,500.00 | $ | 54,255.00 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 1,335,375.00 | $ | 83,999.50 | $ | 95,454.95 | $ | 318,937.50 | $ | 55,327.50 |
See accompanying notes, which are an integral part of these financial statements.
F-58
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED BALANCE SHEETS AS OF
DECEMBER 31, 2021
#CROSBYTHE CUPBASKET | #CURRY BASKET | #CURRYRPA BGS9.5 | #CHICAGO BULLSDYNASTY HARDWOOD | #CHRISBOSH GAMEWORN RAPTORS SNEAKER | ||||||||||||||||
ASSETS | ||||||||||||||||||||
CURRENT ASSETS | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,030.00 | 1,312.06 | 1,005.00 | 860.00 | 1,212.00 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 1,030.00 | 1,112.06 | 1,005.00 | 860.00 | 1,212.00 | |||||||||||||||
TOTAL CURRENT | $ | 2,060.00 | $ | 2,424.12 | $ | 2,010.00 | $ | 1,720.00 | $ | 2,424.00 | ||||||||||
OTHER ASSETS | ||||||||||||||||||||
Collectable Assets | $ | 211,670.00 | $ | - | $ | - | $ | 365,390.00 | $ | 16,938.00 | ||||||||||
TOTAL OTHER ASSETS | $ | 211,670.00 | $ | - | $ | - | $ | 365,390.00 | $ | 16,938.00 | ||||||||||
TOTAL ASSETS | $ | 213,730.00 | $ | 2,424.12 | $ | 2,010.00 | $ | 367,110.00 | $ | 19,362.00 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,030.00 | - | - | 860.00 | 1,212.00 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 1,030.00 | $ | - | $ | - | $ | 860.00 | $ | 1,212.00 | ||||||||||
TOTAL LIABILITIES | $ | 1,030.00 | $ | - | $ | - | $ | 860.00 | $ | 1,212.00 | ||||||||||
MEMBERS’ EQUITY | ||||||||||||||||||||
Membership Contributions | $ | 212,700.00 | $ | 40,860.00 | $ | 501,500.00 | $ | 366,250.00 | $ | 18,150.00 | ||||||||||
Membership Distributions | - | (70,000.00 | ) | (780,000.00 | ) | - | - | |||||||||||||
Retained Earnings / (Accumulated Deficit) | - | 31,564.12 | 280,510.00 | - | - | |||||||||||||||
TOTAL MEMBERS’ EQUITY | $ | 212,700.00 | $ | 2,424.12 | $ | 2,010.00 | $ | 366,250.00 | $ | 18,150.00 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 213,730.00 | $ | 2,424.12 | $ | 2,010.00 | $ | 367,110.00 | $ | 19,362.00 |
See accompanying notes, which are an integral part of these financial statements.
F-59
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED BALANCE SHEETS AS OF
DECEMBER 31, 2021
#CLEMENTE 65-68BAT | #CRISTIANO RONALDO RC1OF1 | #DIMAGGIO 1933BAT | #DONCIC BLUEPSA10 | #DURANT CHROME REFRACTOR PSA10 | ||||||||||||||||
ASSETS | ||||||||||||||||||||
CURRENT ASSETS | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,010.25 | 11,875.00 | 1,130.00 | 2,779.56 | - | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 1,010.25 | 11,875.00 | 1,130.00 | 2,779.56 | - | |||||||||||||||
TOTAL CURRENT | $ | 2,020.50 | $ | 23,750.00 | $ | 2,260.00 | $ | 5,559.12 | $ | - | ||||||||||
OTHER ASSETS | ||||||||||||||||||||
Collectable Assets | $ | 30,714.75 | $ | 254,375.00 | $ | 96,420.00 | $ | 61,920.44 | $ | 13,100.00 | ||||||||||
TOTAL OTHER ASSETS | $ | 30,714.75 | $ | 254,375.00 | $ | 96,420.00 | $ | 61,920.44 | $ | 13,100.00 | ||||||||||
TOTAL ASSETS | $ | 32,735.25 | $ | 278,125.00 | $ | 98,680.00 | $ | 67,479.56 | $ | 13,100.00 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,010.25 | 11,875.00 | 1,130.00 | 2,779.56 | - | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 1,010.25 | $ | 11,875.00 | $ | 1,130.00 | $ | 2,779.56 | $ | - | ||||||||||
TOTAL LIABILITIES | $ | 1,010.25 | $ | 11,875.00 | $ | 1,130.00 | $ | 2,779.56 | $ | - | ||||||||||
MEMBERS’ EQUITY | ||||||||||||||||||||
Membership Contributions | $ | 31,725.00 | $ | 266,250.00 | $ | 97,550.00 | $ | 64,700.00 | $ | 13,100.00 | ||||||||||
Membership Distributions | - | - | - | - | - | |||||||||||||||
Retained Earnings / (Accumulated Deficit) | - | - | - | - | - | |||||||||||||||
TOTAL MEMBERS’ EQUITY | $ | 31,725.00 | $ | 266,250.00 | $ | 97,550.00 | $ | 64,700.00 | $ | 13,100.00 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 32,735.25 | $ | 278,125.00 | $ | 98,680.00 | $ | 67,479.56 | $ | 13,100.00 |
See accompanying notes, which are an integral part of these financial statements.
F-60
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED BALANCE SHEETS AS OF
DECEMBER 31, 2021
#DWADE ULTIMATE | #DEVERS SUPER FRACTOR | #DONOVAN MITCHELLNT9.5 | #ELWAY1984 ROOKIECARD PSA10BASKET | #EMMITT SMITH10K JERSEY | ||||||||||||||||
ASSETS | ||||||||||||||||||||
CURRENT ASSETS | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,035.00 | 1,240.00 | 1,067.50 | - | 1,160.00 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 1,035.00 | 1,240.00 | 1,067.50 | - | 1,160.00 | |||||||||||||||
TOTAL CURRENT | $ | 2,070.00 | $ | 2,480.00 | $ | 2,135.00 | $ | - | $ | 2,320.00 | ||||||||||
OTHER ASSETS | ||||||||||||||||||||
Collectable Assets | $ | 43,055.00 | $ | - | $ | 30,182.50 | $ | 31,250.00 | $ | 59,340.00 | ||||||||||
TOTAL OTHER ASSETS | $ | 43,055.00 | $ | - | $ | 30,182.50 | $ | 31,250.00 | $ | 59,340.00 | ||||||||||
TOTAL ASSETS | $ | 45,125.00 | $ | 2,480.00 | $ | 32,317.50 | $ | 31,250.00 | $ | 61,660.00 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,035.00 | - | 1,067.50 | - | 1,160.00 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 1,035.00 | $ | - | $ | 1,067.50 | $ | - | $ | 1,160.00 | ||||||||||
TOTAL LIABILITIES | $ | 1,035.00 | $ | - | $ | 1,067.50 | $ | - | $ | 1,160.00 | ||||||||||
MEMBERS’ EQUITY | ||||||||||||||||||||
Membership Contributions | $ | 44,090.00 | $ | 37,200.00 | $ | 31,250.00 | $ | 31,250.00 | $ | 60,500.00 | ||||||||||
Membership Distributions | - | (78,500.00 | ) | - | - | - | ||||||||||||||
Retained Earnings / (Accumulated Deficit) | - | 43,780.00 | - | - | - | |||||||||||||||
TOTAL MEMBERS’ EQUITY | $ | 44,090.00 | $ | 2,480.00 | $ | 31,250.00 | $ | 31,250.00 | $ | 60,500.00 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 45,125.00 | $ | 2,480.00 | $ | 32,317.50 | $ | 31,250.00 | $ | 61,660.00 |
See accompanying notes, which are an integral part of these financial statements.
F-61
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED BALANCE SHEETS AS OF
DECEMBER 31, 2021
#EMMITT SMITHMVP BASKET | #EDDIEPLANK T206PSA4 | #ERLING HAALAND PSA10BASKET | #FRANK ROBINSON1957 PSA9BASKET | #FRANK ROBINSON 500HRBAT | ||||||||||||||||
ASSETS | ||||||||||||||||||||
CURRENT ASSETS | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 3,260.00 | 900.00 | - | 1,254.00 | 1,035.40 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 3,260.00 | 900.00 | - | 1,254.00 | 1,035.40 | |||||||||||||||
TOTAL CURRENT | $ | 6,520.00 | $ | 1,800.00 | $ | - | $ | 2,508.00 | $ | 2,070.80 | ||||||||||
OTHER ASSETS | ||||||||||||||||||||
Collectable Assets | $ | 89,456.51 | $ | 317,300.00 | $ | 14,560.00 | $ | 77,326.00 | $ | - | ||||||||||
TOTAL OTHER ASSETS | $ | 89,456.51 | $ | 317,300.00 | $ | 14,560.00 | $ | 77,326.00 | $ | - | ||||||||||
TOTAL ASSETS | $ | 95,976.51 | $ | 319,100.00 | $ | 14,560.00 | $ | 79,834.00 | $ | 2,070.80 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 3,260.00 | 900.00 | - | 1,254.00 | - | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 3,260.00 | $ | 900.00 | $ | - | $ | 1,254.00 | $ | - | ||||||||||
TOTAL LIABILITIES | $ | 3,260.00 | $ | 900.00 | $ | - | $ | 1,254.00 | $ | - | ||||||||||
MEMBERS’ EQUITY | ||||||||||||||||||||
Membership Contributions | $ | 117,000.00 | $ | 318,200.00 | $ | 14,560.00 | $ | 78,580.00 | $ | 174,500.00 | ||||||||||
Membership Distributions | - | - | - | - | (200,000.00 | ) | ||||||||||||||
Retained Earnings / (Accumulated Deficit) | (24,283.49 | ) | - | - | - | 27,570.80 | ||||||||||||||
TOTAL MEMBERS’ EQUITY | $ | 92,716.51 | $ | 318,200.00 | $ | 14,560.00 | $ | 78,580.00 | $ | 2,070.80 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 95,976.51 | $ | 319,100.00 | $ | 14,560.00 | $ | 79,834.00 | $ | 2,070.80 |
See accompanying notes, which are an integral part of these financial statements.
F-62
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED BALANCE SHEETS AS OF
DECEMBER 31, 2021
#GIANNISGOLD IMMACULATE | #GIANNIS RPA | #GLEYBERTOR RESORANGE9.5 | #GRETZKYO PEECHEE1979 | #GARY CARTER1975 PSA10BASKET | ||||||||||||||||
ASSETS | ||||||||||||||||||||
CURRENT ASSETS | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,165.00 | 1,225.00 | 1,042.50 | 1,380.00 | - | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 1,165.00 | 1,225.00 | 1,042.50 | 1,380.00 | - | |||||||||||||||
TOTAL CURRENT | $ | 2,330.00 | $ | 2,450.00 | $ | 2,085.00 | $ | 2,760.00 | $ | - | ||||||||||
OTHER ASSETS | ||||||||||||||||||||
Collectable Assets | $ | 50,035.00 | $ | 117,755.00 | $ | 20,228.78 | $ | 69,400.00 | $ | 39,000.00 | ||||||||||
TOTAL OTHER ASSETS | $ | 50,035.00 | $ | 117,755.00 | $ | 20,228.78 | $ | 69,400.00 | $ | 39,000.00 | ||||||||||
TOTAL ASSETS | $ | 52,365.00 | $ | 120,205.00 | $ | 22,313.78 | $ | 72,160.00 | $ | 39,000.00 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,165.00 | 1,225.00 | 1,042.50 | 1,380.00 | - | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 1,165.00 | $ | 1,225.00 | $ | 1,042.50 | $ | 1,380.00 | $ | - | ||||||||||
TOTAL LIABILITIES | $ | 1,165.00 | $ | 1,225.00 | $ | 1,042.50 | $ | 1,380.00 | $ | - | ||||||||||
MEMBERS’ EQUITY | ||||||||||||||||||||
Membership Contributions | $ | 51,200.00 | $ | 118,980.00 | $ | 21,940.00 | $ | 70,780.00 | $ | 39,000.00 | ||||||||||
Membership Distributions | - | - | - | - | - | |||||||||||||||
Retained Earnings / (Accumulated Deficit) | - | - | (668.72 | ) | - | - | ||||||||||||||
TOTAL MEMBERS’ EQUITY | $ | 51,200.00 | $ | 118,980.00 | $ | 21,271.28 | $ | 70,780.00 | $ | 39,000.00 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 52,365.00 | $ | 120,205.00 | $ | 22,313.78 | $ | 72,160.00 | $ | 39,000.00 |
See accompanying notes, which are an integral part of these financial statements.
F-63
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED BALANCE SHEETS AS OF
DECEMBER 31, 2021
#GIANNIS48 POINTGAME SNEAKERS | #JACKIE ROBINSON AUTOBAT | #JETERFOILRC BASKETBGS9.5 | #JORDAN85 NIKEBASKET | #JORDAN EXQUISITE BGS8 | ||||||||||||||||
ASSETS | ||||||||||||||||||||
CURRENT ASSETS | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,050.00 | 5,341.47 | 1,152.50 | 1,256.00 | 1,165.00 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 1,050.00 | 5,101.47 | 1,152.50 | 1,256.00 | 1,165.00 | |||||||||||||||
TOTAL CURRENT | $ | 2,100.00 | $ | 10,442.94 | $ | 2,305.00 | $ | 2,512.00 | $ | 2,330.00 | ||||||||||
OTHER ASSETS | ||||||||||||||||||||
Collectable Assets | $ | 25,150.00 | $ | 81,898.53 | $ | 72,219.57 | $ | - | $ | 80,135.00 | ||||||||||
TOTAL OTHER ASSETS | $ | 25,150.00 | $ | 81,898.53 | $ | 72,219.57 | $ | - | $ | 80,135.00 | ||||||||||
TOTAL ASSETS | $ | 27,250.00 | $ | 92,341.47 | $ | 74,524.57 | $ | 2,512.00 | $ | 82,465.00 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,050.00 | 5,101.47 | 1,152.50 | - | 1,165.00 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 1,050.00 | $ | 5,101.47 | $ | 1,152.50 | $ | - | $ | 1,165.00 | ||||||||||
TOTAL LIABILITIES | $ | 1,050.00 | $ | 5,101.47 | $ | 1,152.50 | $ | - | $ | 1,165.00 | ||||||||||
MEMBERS’ EQUITY | ||||||||||||||||||||
Membership Contributions | $ | 26,200.00 | $ | 87,240.00 | $ | 103,350.00 | $ | 141,530.00 | $ | 81,300.00 | ||||||||||
Membership Distributions | - | - | - | (203,000.00 | ) | - | ||||||||||||||
Retained Earnings / (Accumulated Deficit) | - | - | (29,977.93 | ) | 63,982.00 | - | ||||||||||||||
TOTAL MEMBERS’ EQUITY | $ | 26,200.00 | $ | 87,240.00 | $ | 73,372.07 | $ | 2,512.00 | $ | 81,300.00 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 27,250.00 | $ | 92,341.47 | $ | 74,524.57 | $ | 2,512.00 | $ | 82,465.00 |
See accompanying notes, which are an integral part of these financial statements.
F-64
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED BALANCE SHEETS AS OF
DECEMBER 31, 2021
#JORDAN PSA10 | #JORDAN ROOKIE JERSEY | #JORDAN SIGNED PROFESSIONAL BAT | #JACKIE LEAF3.5 | #JACKIE ROBINSON1952 TOPPSPSA8.5 | ||||||||||||||||
ASSETS | ||||||||||||||||||||
CURRENT ASSETS | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,207.48 | 1,855.00 | 1,077.50 | 920.00 | 825.00 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 707.48 | 1,855.00 | 1,077.50 | 920.00 | 825.00 | |||||||||||||||
TOTAL CURRENT | $ | 1,914.96 | $ | 3,710.00 | $ | 2,155.00 | $ | 1,840.00 | $ | 1,650.00 | ||||||||||
OTHER ASSETS | ||||||||||||||||||||
Collectable Assets | $ | 100,162.52 | $ | 244,645.00 | $ | 41,551.28 | $ | 41,280.00 | $ | 575,225.00 | ||||||||||
TOTAL OTHER ASSETS | $ | 100,162.52 | $ | 244,645.00 | $ | 41,551.28 | $ | 41,280.00 | $ | 575,225.00 | ||||||||||
TOTAL ASSETS | $ | 102,077.48 | $ | 248,355.00 | $ | 43,706.28 | $ | 43,120.00 | $ | 576,875.00 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 707.48 | 1,855.00 | 1,077.50 | 920.00 | 825.00 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 707.48 | $ | 1,855.00 | $ | 1,077.50 | $ | 920.00 | $ | 825.00 | ||||||||||
TOTAL LIABILITIES | $ | 707.48 | $ | 1,855.00 | $ | 1,077.50 | $ | 920.00 | $ | 825.00 | ||||||||||
MEMBERS’ EQUITY | ||||||||||||||||||||
Membership Contributions | $ | 101,370.00 | $ | 246,500.00 | $ | 52,900.00 | $ | 42,200.00 | $ | 576,050.00 | ||||||||||
Membership Distributions | - | - | - | - | - | |||||||||||||||
Retained Earnings / (Accumulated Deficit) | - | - | (10,271.22 | ) | - | - | ||||||||||||||
TOTAL MEMBERS’ EQUITY | $ | 101,370.00 | $ | 246,500.00 | $ | 42,628.78 | $ | 42,200.00 | $ | 576,050.00 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 102,077.48 | $ | 248,355.00 | $ | 43,706.28 | $ | 43,120.00 | $ | 576,875.00 |
See accompanying notes, which are an integral part of these financial statements.
F-65
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED BALANCE SHEETS AS OF
DECEMBER 31, 2021
#JACKIE ROBINSON53 TOPPS8 | #JIMMIE FOXX 1938BAT | #JOKIC REFRACTOR 1OF1 | #JORDAN LEBRON MAGIC TRIPLESIGS | #JORDAN LEBRON SIGN OFTHETIMES | ||||||||||||||||
ASSETS | ||||||||||||||||||||
CURRENT ASSETS | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,055.00 | 990.00 | 1,174.62 | 1,048.00 | 1,050.00 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 1,055.00 | 990.00 | 1,174.62 | 1,048.00 | 1,050.00 | |||||||||||||||
TOTAL CURRENT | $ | 2,110.00 | $ | 1,980.00 | $ | 2,349.24 | $ | 2,096.00 | $ | 2,100.00 | ||||||||||
OTHER ASSETS | ||||||||||||||||||||
Collectable Assets | $ | 57,945.00 | $ | 97,610.00 | $ | 22,935.38 | $ | 85,702.00 | $ | 169,950.00 | ||||||||||
TOTAL OTHER ASSETS | $ | 57,945.00 | $ | 97,610.00 | $ | 22,935.38 | $ | 85,702.00 | $ | 169,950.00 | ||||||||||
TOTAL ASSETS | $ | 60,055.00 | $ | 99,590.00 | $ | 25,284.62 | $ | 87,798.00 | $ | 172,050.00 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,055.00 | 990.00 | 1,174.62 | 1,048.00 | 1,050.00 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 1,055.00 | $ | 990.00 | $ | 1,174.62 | $ | 1,048.00 | $ | 1,050.00 | ||||||||||
TOTAL LIABILITIES | $ | 1,055.00 | $ | 990.00 | $ | 1,174.62 | $ | 1,048.00 | $ | 1,050.00 | ||||||||||
MEMBERS’ EQUITY | ||||||||||||||||||||
Membership Contributions | $ | 59,000.00 | $ | 98,600.00 | $ | 24,110.00 | $ | 86,750.00 | $ | 171,000.00 | ||||||||||
Membership Distributions | - | - | - | - | - | |||||||||||||||
Retained Earnings / (Accumulated Deficit) | - | - | - | - | - | |||||||||||||||
TOTAL MEMBERS’ EQUITY | $ | 59,000.00 | $ | 98,600.00 | $ | 24,110.00 | $ | 86,750.00 | $ | 171,000.00 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 60,055.00 | $ | 99,590.00 | $ | 25,284.62 | $ | 87,798.00 | $ | 172,050.00 |
See accompanying notes, which are an integral part of these financial statements.
F-66
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED BALANCE SHEETS AS OF
DECEMBER 31, 2021
#JORDAN MAGIC LEBRON TRIPLEAUTO JERS | #JOSH ALLEN GOLDBGS9.5 | #JUSTIN HERBERT HIDDEN TREA SURERPA | #KAWHI BASKET | #KOBE REEBOK IVERSON RETROS | ||||||||||||||||
ASSETS | ||||||||||||||||||||
CURRENT ASSETS | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 930.30 | 1,050.00 | 1,015.00 | 2,040.00 | 1,020.00 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 930.30 | 1,050.00 | 1,015.00 | 2,040.00 | 1,020.00 | |||||||||||||||
TOTAL CURRENT | $ | 1,860.60 | $ | 2,100.00 | $ | 2,030.00 | $ | 4,080.00 | $ | 2,040.00 | ||||||||||
OTHER ASSETS | ||||||||||||||||||||
Collectable Assets | $ | 130,969.70 | $ | 30,200.00 | $ | 63,835.00 | $ | 58,438.80 | $ | 90,980.00 | ||||||||||
TOTAL OTHER ASSETS | $ | 130,969.70 | $ | 30,200.00 | $ | 63,835.00 | $ | 58,438.80 | $ | 90,980.00 | ||||||||||
TOTAL ASSETS | $ | 132,830.30 | $ | 32,300.00 | $ | 65,865.00 | $ | 62,518.80 | $ | 93,020.00 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 930.30 | 1,050.00 | 1,015.00 | 2,040.00 | 1,020.00 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 930.30 | $ | 1,050.00 | $ | 1,015.00 | $ | 2,040.00 | $ | 1,020.00 | ||||||||||
TOTAL LIABILITIES | $ | 930.30 | $ | 1,050.00 | $ | 1,015.00 | $ | 2,040.00 | $ | 1,020.00 | ||||||||||
MEMBERS’ EQUITY | ||||||||||||||||||||
Membership Contributions | $ | 131,900.00 | $ | 31,250.00 | $ | 64,850.00 | $ | 71,610.00 | $ | 92,000.00 | ||||||||||
Membership Distributions | - | - | - | - | - | |||||||||||||||
Retained Earnings / (Accumulated Deficit) | - | - | - | (11,131.20 | ) | - | ||||||||||||||
TOTAL MEMBERS’ EQUITY | $ | 131,900.00 | $ | 31,250.00 | $ | 64,850.00 | $ | 60,478.80 | $ | 92,000.00 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 132,830.30 | $ | 32,300.00 | $ | 65,865.00 | $ | 62,518.80 | $ | 93,020.00 |
See accompanying notes, which are an integral part of these financial statements.
F-67
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED BALANCE SHEETS AS OF
DECEMBER 31, 2021
#KOUFAX 1955 PSA8.5 | #KOUFAX55 PSA9 | #KEVIN DURANTHS JERSEY | #KOBE BRYANT FIRSTWHITE #24JERSEY | #KOBE BRYANT ROOKIE SNEAKERS | ||||||||||||||||
ASSETS | ||||||||||||||||||||
CURRENT ASSETS | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,270.00 | 900.00 | 885.00 | 550.00 | 1,005.00 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 1,270.00 | 900.00 | 885.00 | 550.00 | 1,005.00 | |||||||||||||||
TOTAL CURRENT | $ | 2,540.00 | $ | 1,800.00 | $ | 1,770.00 | $ | 1,100.00 | $ | 2,010.00 | ||||||||||
OTHER ASSETS | ||||||||||||||||||||
Collectable Assets | $ | - | $ | 496,600.00 | $ | 226,115.00 | $ | 710,150.00 | $ | 136,995.00 | ||||||||||
TOTAL OTHER ASSETS | $ | - | $ | 496,600.00 | $ | 226,115.00 | $ | 710,150.00 | $ | 136,995.00 | ||||||||||
TOTAL ASSETS | $ | 2,540.00 | $ | 498,400.00 | $ | 227,885.00 | $ | 711,250.00 | $ | 139,005.00 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | 900.00 | 885.00 | 550.00 | 1,005.00 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | - | $ | 900.00 | $ | 885.00 | $ | 550.00 | $ | 1,005.00 | ||||||||||
TOTAL LIABILITIES | $ | - | $ | 900.00 | $ | 885.00 | $ | 550.00 | $ | 1,005.00 | ||||||||||
MEMBERS’ EQUITY | ||||||||||||||||||||
Membership Contributions | $ | 37,920.00 | $ | 497,500.00 | $ | 227,000.00 | $ | 710,700.00 | $ | 138,000.00 | ||||||||||
Membership Distributions | (100,000.00 | ) | - | - | - | - | ||||||||||||||
Retained Earnings / (Accumulated Deficit) | 64,620.00 | - | - | - | - | |||||||||||||||
TOTAL MEMBERS’ EQUITY | $ | 2,540.00 | $ | 497,500.00 | $ | 227,000.00 | $ | 710,700.00 | $ | 138,000.00 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 2,540.00 | $ | 498,400.00 | $ | 227,885.00 | $ | 711,250.00 | $ | 139,005.00 |
See accompanying notes, which are an integral part of these financial statements.
F-68
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED BALANCE SHEETS AS OF
DECEMBER 31, 2021
#KOBEBRYANT ROYALBLUE JORDAN SNEAKERS | #KOBEFINAL SEASON SNEAKERS | #LBJ EXQUISITE | #LEBRON BLACK REFRACTOR | #LEBRON EMBLEMSOF ENDORSEMENT | ||||||||||||||||
ASSETS | ||||||||||||||||||||
CURRENT ASSETS | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 985.00 | 1,010.00 | 175.00 | 1,190.00 | 2,050.00 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 985.00 | 1,010.00 | 175.00 | 1,190.00 | 2,050.00 | |||||||||||||||
TOTAL CURRENT | $ | 1,970.00 | $ | 2,020.00 | $ | 350.00 | $ | 2,380.00 | $ | 4,100.00 | ||||||||||
OTHER ASSETS | ||||||||||||||||||||
Collectable Assets | $ | 92,016.00 | $ | 63,790.00 | $ | 1,387,325.00 | $ | 134,860.00 | $ | 218,950.00 | ||||||||||
TOTAL OTHER ASSETS | $ | 92,016.00 | $ | 63,790.00 | $ | 1,387,325.00 | $ | 134,860.00 | $ | 218,950.00 | ||||||||||
TOTAL ASSETS | $ | 93,986.00 | $ | 65,810.00 | $ | 1,387,675.00 | $ | 137,240.00 | $ | 223,050.00 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 985.00 | 1,010.00 | 175.00 | 1,190.00 | 2,050.00 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 985.00 | $ | 1,010.00 | $ | 175.00 | $ | 1,190.00 | $ | 2,050.00 | ||||||||||
TOTAL LIABILITIES | $ | 985.00 | $ | 1,010.00 | $ | 175.00 | $ | 1,190.00 | $ | 2,050.00 | ||||||||||
MEMBERS’ EQUITY | ||||||||||||||||||||
Membership Contributions | $ | 93,001.00 | $ | 64,800.00 | $ | 1,387,500.00 | $ | 136,050.00 | $ | 221,000.00 | ||||||||||
Membership Distributions | - | - | - | - | - | |||||||||||||||
Retained Earnings / (Accumulated Deficit) | - | - | - | - | - | |||||||||||||||
TOTAL MEMBERS’ EQUITY | $ | 93,001.00 | $ | 64,800.00 | $ | 1,387,500.00 | $ | 136,050.00 | $ | 221,000.00 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 93,986.00 | $ | 65,810.00 | $ | 1,387,675.00 | $ | 137,240.00 | $ | 223,050.00 |
See accompanying notes, which are an integral part of these financial statements.
F-69
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED BALANCE SHEETS AS OF
DECEMBER 31, 2021
#LEBRON MELOWADE TRIORC | #LEBRON ROOKIE | #LEBRON ULTIMATE | #LEBRON BLACK DIAMOND | #LEBRON MELOBOSH 2008TRIPLE LOGOMAN | ||||||||||||||||
ASSETS | ||||||||||||||||||||
CURRENT ASSETS | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 884.00 | 2,523.29 | 1,115.00 | - | - | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 884.00 | 2,273.29 | 1,115.00 | - | - | |||||||||||||||
TOTAL CURRENT | $ | 1,768.00 | $ | 4,796.58 | $ | 2,230.00 | $ | - | $ | - | ||||||||||
OTHER ASSETS | ||||||||||||||||||||
Collectable Assets | $ | 378,236.00 | $ | 48,576.71 | $ | 184,835.00 | $ | 78,750.00 | $ | 309,750.00 | ||||||||||
TOTAL OTHER ASSETS | $ | 378,236.00 | $ | 48,576.71 | $ | 184,835.00 | $ | 78,750.00 | $ | 309,750.00 | ||||||||||
TOTAL ASSETS | $ | 380,004.00 | $ | 53,373.29 | $ | 187,065.00 | $ | 78,750.00 | $ | 309,750.00 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 884.00 | 2,273.29 | 1,115.00 | - | - | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 884.00 | $ | 2,273.29 | $ | 1,115.00 | $ | - | $ | - | ||||||||||
TOTAL LIABILITIES | $ | 884.00 | $ | 2,273.29 | $ | 1,115.00 | $ | - | $ | - | ||||||||||
MEMBERS’ EQUITY | ||||||||||||||||||||
Membership Contributions | $ | 379,120.00 | $ | 51,100.00 | $ | 185,950.00 | $ | 78,750.00 | $ | 309,750.00 | ||||||||||
Membership Distributions | - | - | - | - | - | |||||||||||||||
Retained Earnings / (Accumulated Deficit) | - | - | - | - | - | |||||||||||||||
TOTAL MEMBERS’ EQUITY | $ | 379,120.00 | $ | 51,100.00 | $ | 185,950.00 | $ | 78,750.00 | $ | 309,750.00 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 380,004.00 | $ | 53,373.29 | $ | 187,065.00 | $ | 78,750.00 | $ | 309,750.00 |
See accompanying notes, which are an integral part of these financial statements.
F-70
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED BALANCE SHEETS AS OF
DECEMBER 31, 2021
#LEBRON MELODUAL LOGOMAN | #LUKA ROOKIE JERSEY | #LUKA WHITE SPARKLE | #MAGIC BIRDDRJ | #MAGIC BIRDDRJ PSA8BASKET | ||||||||||||||||
ASSETS | ||||||||||||||||||||
CURRENT ASSETS | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 650.00 | 810.00 | 655.00 | 1,930.00 | 1,091.00 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 650.00 | 810.00 | 655.00 | 1,930.00 | 1,091.00 | |||||||||||||||
TOTAL CURRENT | $ | 1,300.00 | $ | 1,620.00 | $ | 1,310.00 | $ | 3,860.00 | $ | 2,182.00 | ||||||||||
OTHER ASSETS | ||||||||||||||||||||
Collectable Assets | $ | 1,109,350.00 | $ | 521,440.00 | $ | 720,345.00 | $ | - | $ | 27,069.00 | ||||||||||
TOTAL OTHER ASSETS | $ | 1,109,350.00 | $ | 521,440.00 | $ | 720,345.00 | $ | - | $ | 27,069.00 | ||||||||||
TOTAL ASSETS | $ | 1,110,650.00 | $ | 523,060.00 | $ | 721,655.00 | $ | 3,860.00 | $ | 29,251.00 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 650.00 | 810.00 | 655.00 | - | 1,091.00 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 650.00 | $ | 810.00 | $ | 655.00 | $ | - | $ | 1,091.00 | ||||||||||
TOTAL LIABILITIES | $ | 650.00 | $ | 810.00 | $ | 655.00 | $ | - | $ | 1,091.00 | ||||||||||
MEMBERS’ EQUITY | ||||||||||||||||||||
Membership Contributions | $ | 1,110,000.00 | $ | 522,250.00 | $ | 721,000.00 | $ | 355,280.00 | $ | 28,160.00 | ||||||||||
Membership Distributions | - | - | - | (720,000.00 | ) | - | ||||||||||||||
Retained Earnings / (Accumulated Deficit) | - | - | - | 368,580.00 | - | |||||||||||||||
TOTAL MEMBERS’ EQUITY | $ | 1,110,000.00 | $ | 522,250.00 | $ | 721,000.00 | $ | 3,860.00 | $ | 28,160.00 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 1,110,650.00 | $ | 523,060.00 | $ | 721,655.00 | $ | 3,860.00 | $ | 29,251.00 |
See accompanying notes, which are an integral part of these financial statements.
F-71
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED BALANCE SHEETS AS OF
DECEMBER 31, 2021
#MAGICBIRD LOGOMAN | #MAHOMES EMERALDRPA BGS9 | #MAHOMES ROOKIE | #MANTLE1952 BOWMANPSA8 | #MANTLE1952 TOPPSPSA8 | ||||||||||||||||
ASSETS | ||||||||||||||||||||
CURRENT ASSETS | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,120.00 | 1,235.00 | 4,792.11 | - | 1,470.00 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 1,120.00 | 1,235.00 | 4,417.11 | - | 1,470.00 | |||||||||||||||
TOTAL CURRENT | $ | 2,240.00 | $ | 2,470.00 | $ | 9,209.22 | $ | - | $ | 2,940.00 | ||||||||||
OTHER ASSETS | ||||||||||||||||||||
Collectable Assets | $ | 511,680.00 | $ | 81,105.00 | $ | - | $ | 15,600.00 | $ | 497,330.00 | ||||||||||
TOTAL OTHER ASSETS | $ | 511,680.00 | $ | 81,105.00 | $ | - | $ | 15,600.00 | $ | 497,330.00 | ||||||||||
TOTAL ASSETS | $ | 513,920.00 | $ | 83,575.00 | $ | 9,209.22 | $ | 15,600.00 | $ | 500,270.00 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,120.00 | 1,235.00 | - | - | 1,470.00 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 1,120.00 | $ | 1,235.00 | $ | - | $ | - | $ | 1,470.00 | ||||||||||
TOTAL LIABILITIES | $ | 1,120.00 | $ | 1,235.00 | $ | - | $ | - | $ | 1,470.00 | ||||||||||
MEMBERS’ EQUITY | ||||||||||||||||||||
Membership Contributions | $ | 512,800.00 | $ | 82,340.00 | $ | 136,575.00 | $ | 15,600.00 | $ | 498,800.00 | ||||||||||
Membership Distributions | - | - | (182,500.00 | ) | - | - | ||||||||||||||
Retained Earnings / (Accumulated Deficit) | - | - | 55,134.22 | - | - | |||||||||||||||
TOTAL MEMBERS’ EQUITY | $ | 512,800.00 | $ | 82,340.00 | $ | 9,209.22 | $ | 15,600.00 | $ | 498,800.00 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 513,920.00 | $ | 83,575.00 | $ | 9,209.22 | $ | 15,600.00 | $ | 500,270.00 |
See accompanying notes, which are an integral part of these financial statements.
F-72
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED BALANCE SHEETS AS OF
DECEMBER 31, 2021
#MANTLE1956 PSA8BASKET | #MANTLE1960 PSA9 | #MANTLE54 BOWMAN BASKET | #MANTLE MINT1953 | #MARINO MANNINGFAVRE JERSEYS | ||||||||||||||||
ASSETS | ||||||||||||||||||||
CURRENT ASSETS | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,080.50 | 37,052.50 | 1,030.00 | 5,000.00 | 4,320.40 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 1,080.50 | 1,080.50 | 1,030.00 | - | 4,320.40 | |||||||||||||||
TOTAL CURRENT | $ | 2,161.00 | $ | 38,133.00 | $ | 2,060.00 | $ | 5,000.00 | $ | 8,640.80 | ||||||||||
OTHER ASSETS | ||||||||||||||||||||
Collectable Assets | $ | 28,594.50 | $ | 41,189.50 | $ | 52,170.00 | $ | - | $ | 47,619.60 | ||||||||||
TOTAL OTHER ASSETS | $ | 28,594.50 | $ | 41,189.50 | $ | 52,170.00 | $ | - | $ | 47,619.60 | ||||||||||
TOTAL ASSETS | $ | 30,755.50 | $ | 79,322.50 | $ | 54,230.00 | $ | 5,000.00 | $ | 56,260.40 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | 35,972.00 | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,080.50 | 1,080.50 | 1,030.00 | - | 4,320.40 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 1,080.50 | $ | 37,052.50 | $ | 1,030.00 | $ | - | $ | 4,320.40 | ||||||||||
TOTAL LIABILITIES | $ | 1,080.50 | $ | 37,052.50 | $ | 1,030.00 | $ | - | $ | 4,320.40 | ||||||||||
MEMBERS’ EQUITY | ||||||||||||||||||||
Membership Contributions | $ | 29,675.00 | $ | 42,270.00 | $ | 53,200.00 | $ | 2,493,000.00 | $ | 51,940.00 | ||||||||||
Membership Distributions | - | - | - | (3,100,000.00 | ) | - | ||||||||||||||
Retained Earnings / (Accumulated Deficit) | - | - | - | 612,000.00 | - | |||||||||||||||
TOTAL MEMBERS’ EQUITY | $ | 29,675.00 | $ | 42,270.00 | $ | 53,200.00 | $ | 5,000.00 | $ | 51,940.00 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 30,755.50 | $ | 79,322.50 | $ | 54,230.00 | $ | 5,000.00 | $ | 56,260.40 |
See accompanying notes, which are an integral part of these financial statements.
F-73
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED BALANCE SHEETS AS OF
DECEMBER 31, 2021
#MAYS1951 BOWMAN7 | #MAYS1951 PHOTO | #MAYS1952 PSA8 | #MAYS 1959PSA9 BASKET | #MAYS1960 PSA9 | ||||||||||||||||
ASSETS | ||||||||||||||||||||
CURRENT ASSETS | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,010.00 | 1,033.00 | 960.00 | 1,062.00 | 1,604.74 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 1,010.00 | 1,033.00 | 960.00 | 1,062.00 | 1,604.74 | |||||||||||||||
TOTAL CURRENT | $ | 2,020.00 | $ | 2,066.00 | $ | 1,920.00 | $ | 2,124.00 | $ | 3,209.48 | ||||||||||
OTHER ASSETS | ||||||||||||||||||||
Collectable Assets | $ | 103,990.00 | $ | - | $ | 306,790.00 | $ | 24,394.00 | $ | 17,535.26 | ||||||||||
TOTAL OTHER ASSETS | $ | 103,990.00 | $ | - | $ | 306,790.00 | $ | 24,394.00 | $ | 17,535.26 | ||||||||||
TOTAL ASSETS | $ | 106,010.00 | $ | 2,066.00 | $ | 308,710.00 | $ | 26,518.00 | $ | 20,744.74 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,010.00 | - | 960.00 | 1,062.00 | 1,604.74 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 1,010.00 | $ | - | $ | 960.00 | $ | 1,062.00 | $ | 1,604.74 | ||||||||||
TOTAL LIABILITIES | $ | 1,010.00 | $ | - | $ | 960.00 | $ | 1,062.00 | $ | 1,604.74 | ||||||||||
MEMBERS’ EQUITY | ||||||||||||||||||||
Membership Contributions | $ | 105,000.00 | $ | 53,210.00 | $ | 307,750.00 | $ | 25,456.00 | $ | 19,140.00 | ||||||||||
Membership Distributions | - | (65,000.00 | ) | - | - | - | ||||||||||||||
Retained Earnings / (Accumulated Deficit) | - | 13,856.00 | - | - | - | |||||||||||||||
TOTAL MEMBERS’ EQUITY | $ | 105,000.00 | $ | 2,066.00 | $ | 307,750.00 | $ | 25,456.00 | $ | 19,140.00 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 106,010.00 | $ | 2,066.00 | $ | 308,710.00 | $ | 26,518.00 | $ | 20,744.74 |
See accompanying notes, which are an integral part of these financial statements.
F-74
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED BALANCE SHEETS AS OF
DECEMBER 31, 2021
#MAY WEATHERRC PSA10 | #MESSI ROOKIE BASKET | #MIKANRC PHOTO | #MONTANA RCPSA10 | #MOOKIE BETTSGLOVE | ||||||||||||||||
ASSETS | ||||||||||||||||||||
CURRENT ASSETS | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 522.50 | 1,085.00 | 1,085.00 | - | 1,052.50 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 522.50 | 1,085.00 | 1,085.00 | - | 1,052.50 | |||||||||||||||
TOTAL CURRENT | $ | 1,045.00 | $ | 2,170.00 | $ | 2,170.00 | $ | - | $ | 2,105.00 | ||||||||||
OTHER ASSETS | ||||||||||||||||||||
Collectable Assets | $ | 25,747.50 | $ | 75,633.75 | $ | 56,415.00 | $ | 67,320.00 | $ | 62,057.50 | ||||||||||
TOTAL OTHER ASSETS | $ | 25,747.50 | $ | 75,633.75 | $ | 56,415.00 | $ | 67,320.00 | $ | 62,057.50 | ||||||||||
TOTAL ASSETS | $ | 26,792.50 | $ | 77,803.75 | $ | 58,585.00 | $ | 67,320.00 | $ | 64,162.50 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 522.50 | 1,085.00 | 1,085.00 | - | 1,052.50 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 522.50 | $ | 1,085.00 | $ | 1,085.00 | $ | - | $ | 1,052.50 | ||||||||||
TOTAL LIABILITIES | $ | 522.50 | $ | 1,085.00 | $ | 1,085.00 | $ | - | $ | 1,052.50 | ||||||||||
MEMBERS’ EQUITY | ||||||||||||||||||||
Membership Contributions | $ | 26,270.00 | $ | 94,460.00 | $ | 57,500.00 | $ | 67,320.00 | $ | 63,110.00 | ||||||||||
Membership Distributions | - | - | - | - | - | |||||||||||||||
Retained Earnings / (Accumulated Deficit) | - | (17,741.25 | ) | - | - | - | ||||||||||||||
TOTAL MEMBERS’ EQUITY | $ | 26,270.00 | $ | 76,718.75 | $ | 57,500.00 | $ | 67,320.00 | $ | 63,110.00 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 26,792.50 | $ | 77,803.75 | $ | 58,585.00 | $ | 67,320.00 | $ | 64,162.50 |
See accompanying notes, which are an integral part of these financial statements.
F-75
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED BALANCE SHEETS AS OF
DECEMBER 31, 2021
#MPJ CHAMPIONSHIP TICKET | #MAHOMES BRONZE BASKET | #MAHOMES IMMACULATE LOGO1OF1 | #MAHOMES NT1OF1 | #MAHOMES NT8.5 | ||||||||||||||||
ASSETS | ||||||||||||||||||||
CURRENT ASSETS | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,035.50 | 975.00 | 1,010.00 | 4,555.00 | 1,041.20 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 1,035.50 | 975.00 | 1,010.00 | 4,555.00 | 1,041.20 | |||||||||||||||
TOTAL CURRENT | $ | 2,071.00 | $ | 1,950.00 | $ | 2,020.00 | $ | 9,110.00 | $ | 2,082.40 | ||||||||||
OTHER ASSETS | ||||||||||||||||||||
Collectable Assets | $ | 30,414.50 | $ | 114,025.00 | $ | 225,990.00 | $ | 1,662,945.00 | $ | 132,212.75 | ||||||||||
TOTAL OTHER ASSETS | $ | 30,414.50 | $ | 114,025.00 | $ | 225,990.00 | $ | 1,662,945.00 | $ | 132,212.75 | ||||||||||
TOTAL ASSETS | $ | 32,485.50 | $ | 115,975.00 | $ | 228,010.00 | $ | 1,672,055.00 | $ | 134,295.15 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,035.50 | 975.00 | 1,010.00 | 4,555.00 | 1,041.20 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 1,035.50 | $ | 975.00 | $ | 1,010.00 | $ | 4,555.00 | $ | 1,041.20 | ||||||||||
TOTAL LIABILITIES | $ | 1,035.50 | $ | 975.00 | $ | 1,010.00 | $ | 4,555.00 | $ | 1,041.20 | ||||||||||
MEMBERS’ EQUITY | ||||||||||||||||||||
Membership Contributions | $ | 31,450.00 | $ | 115,000.00 | $ | 227,000.00 | $ | 1,667,500.00 | $ | 165,895.00 | ||||||||||
Membership Distributions | - | - | - | - | - | |||||||||||||||
Retained Earnings / (Accumulated Deficit) | - | - | - | - | (32,641.05 | ) | ||||||||||||||
TOTAL MEMBERS’ EQUITY | $ | 31,450.00 | $ | 115,000.00 | $ | 227,000.00 | $ | 1,667,500.00 | $ | 133,253.95 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 32,485.50 | $ | 115,975.00 | $ | 228,010.00 | $ | 1,672,055.00 | $ | 134,295.15 |
See accompanying notes, which are an integral part of these financial statements.
F-76
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED BALANCE SHEETS AS OF
DECEMBER 31, 2021
#MANTLE 1953 BOWMAN8 BASKET | #MANTLE 1953 TOPPS8 | #MANTLE 1957 TOPPSPSA8.5 | #MANTLE 1964 TOPPS9 | #MANTLE 1966 TOPPSPSA9 BASKET | ||||||||||||||||
ASSETS | ||||||||||||||||||||
CURRENT ASSETS | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,016.00 | 995.00 | 1,084.00 | 1,038.00 | 1,040.00 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 1,016.00 | 995.00 | 1,084.00 | 1,038.00 | 1,040.00 | |||||||||||||||
TOTAL CURRENT | $ | 2,032.00 | $ | 1,990.00 | $ | 2,168.00 | $ | 2,076.00 | $ | 2,080.00 | ||||||||||
OTHER ASSETS | ||||||||||||||||||||
Collectable Assets | $ | 51,984.00 | $ | 102,505.00 | $ | 62,616.00 | $ | 50,114.50 | $ | 44,620.00 | ||||||||||
TOTAL OTHER ASSETS | $ | 51,984.00 | $ | 102,505.00 | $ | 62,616.00 | $ | 50,114.50 | $ | 44,620.00 | ||||||||||
TOTAL ASSETS | $ | 54,016.00 | $ | 104,495.00 | $ | 64,784.00 | $ | 52,190.50 | $ | 46,700.00 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,016.00 | 995.00 | 1,084.00 | 1,038.00 | 1,040.00 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 1,016.00 | $ | 995.00 | $ | 1,084.00 | $ | 1,038.00 | $ | 1,040.00 | ||||||||||
TOTAL LIABILITIES | $ | 1,016.00 | $ | 995.00 | $ | 1,084.00 | $ | 1,038.00 | $ | 1,040.00 | ||||||||||
MEMBERS’ EQUITY | ||||||||||||||||||||
Membership Contributions | $ | 53,000.00 | $ | 103,500.00 | $ | 63,700.00 | $ | 51,152.50 | $ | 45,660.00 | ||||||||||
Membership Distributions | - | - | - | - | - | |||||||||||||||
Retained Earnings / (Accumulated Deficit) | - | - | - | - | - | |||||||||||||||
TOTAL MEMBERS’ EQUITY | $ | 53,000.00 | $ | 103,500.00 | $ | 63,700.00 | $ | 51,152.50 | $ | 45,660.00 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 54,016.00 | $ | 104,495.00 | $ | 64,784.00 | $ | 52,190.50 | $ | 46,700.00 |
See accompanying notes, which are an integral part of these financial statements.
F-77
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED BALANCE SHEETS AS OF
DECEMBER 31, 2021
#MANTLE1968 PSA9BASKET | #MARIS58 TOPPSPSA9 | #MAYS1956 GRAYPSA9 | #MESSIMEGA CRACKS#71 PSA9 | #MICHAEL PORTERJR BASKET | ||||||||||||||||
ASSETS | ||||||||||||||||||||
CURRENT ASSETS | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,076.50 | 1,100.05 | 1,080.00 | - | - | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 1,076.50 | 1,100.05 | 1,080.00 | - | - | |||||||||||||||
TOTAL CURRENT | $ | 2,153.00 | $ | 2,200.10 | $ | 2,160.00 | $ | - | $ | - | ||||||||||
OTHER ASSETS | ||||||||||||||||||||
Collectable Assets | $ | 36,973.50 | $ | 28,244.95 | $ | 57,920.00 | $ | 115,000.00 | $ | 31,065.00 | ||||||||||
TOTAL OTHER ASSETS | $ | 36,973.50 | $ | 28,244.95 | $ | 57,920.00 | $ | 115,000.00 | $ | 31,065.00 | ||||||||||
TOTAL ASSETS | $ | 39,126.50 | $ | 30,445.05 | $ | 60,080.00 | $ | 115,000.00 | $ | 31,065.00 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,076.50 | 1,100.05 | 1,080.00 | - | - | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 1,076.50 | $ | 1,100.05 | $ | 1,080.00 | $ | - | $ | - | ||||||||||
TOTAL LIABILITIES | $ | 1,076.50 | $ | 1,100.05 | $ | 1,080.00 | $ | - | $ | - | ||||||||||
MEMBERS’ EQUITY | ||||||||||||||||||||
Membership Contributions | $ | 38,050.00 | $ | 29,345.00 | $ | 59,000.00 | $ | 115,000.00 | $ | 31,065.00 | ||||||||||
Membership Distributions | - | - | - | - | - | |||||||||||||||
Retained Earnings / (Accumulated Deficit) | - | - | - | - | - | |||||||||||||||
TOTAL MEMBERS’ EQUITY | $ | 38,050.00 | $ | 29,345.00 | $ | 59,000.00 | $ | 115,000.00 | $ | 31,065.00 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 39,126.50 | $ | 30,445.05 | $ | 60,080.00 | $ | 115,000.00 | $ | 31,065.00 |
See accompanying notes, which are an integral part of these financial statements.
F-78
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED BALANCE SHEETS AS OF
DECEMBER 31, 2021
#MIKAN48 BOWMAN PSA7 | #MLBHALLOF FAMEBASE BALL | #NEGRO LEAGUELEGEND ARYCUTS BASKET | #OVECHKIN THECUP BGS8.5 | #OZZIE SMITHRC BGS9.5 | ||||||||||||||||
ASSETS | ||||||||||||||||||||
CURRENT ASSETS | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,002.50 | 1,040.00 | 995.00 | 1,070.00 | - | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 1,002.50 | 1,040.00 | 995.00 | 1,070.00 | - | |||||||||||||||
TOTAL CURRENT | $ | 2,005.00 | $ | 2,080.00 | $ | 1,990.00 | $ | 2,140.00 | $ | - | ||||||||||
OTHER ASSETS | ||||||||||||||||||||
Collectable Assets | $ | 41,548.50 | $ | 307,360.00 | $ | 91,805.00 | $ | - | $ | 74,710.00 | ||||||||||
TOTAL OTHER ASSETS | $ | 41,548.50 | $ | 307,360.00 | $ | 91,805.00 | $ | - | $ | 74,710.00 | ||||||||||
TOTAL ASSETS | $ | 43,553.50 | $ | 309,440.00 | $ | 93,795.00 | $ | 2,140.00 | $ | 74,710.00 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,002.50 | 1,040.00 | 995.00 | - | - | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 1,002.50 | $ | 1,040.00 | $ | 995.00 | $ | - | $ | - | ||||||||||
TOTAL LIABILITIES | $ | 1,002.50 | $ | 1,040.00 | $ | 995.00 | $ | - | $ | - | ||||||||||
MEMBERS’ EQUITY | ||||||||||||||||||||
Membership Contributions | $ | 42,551.00 | $ | 308,400.00 | $ | 92,800.00 | $ | 42,250.00 | $ | 74,710.00 | ||||||||||
Membership Distributions | - | - | - | (55,000.00 | ) | - | ||||||||||||||
Retained Earnings / (Accumulated Deficit) | - | - | - | 14,890.00 | - | |||||||||||||||
TOTAL MEMBERS’ EQUITY | $ | 42,551.00 | $ | 308,400.00 | $ | 92,800.00 | $ | 2,140.00 | $ | 74,710.00 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 43,553.50 | $ | 309,440.00 | $ | 93,795.00 | $ | 2,140.00 | $ | 74,710.00 |
See accompanying notes, which are an integral part of these financial statements.
F-79
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED BALANCE SHEETS AS OF
DECEMBER 31, 2021
#ORANGE DOMINGUEZ | #PAULPIERCE 2010ASG JERSEY | #PEYTON MANNING MVPHELMET | #RICKEY HENDERSONRC PSA10 | #RODGERS PLAYOFF CONTEND ERSGREEN | ||||||||||||||||
ASSETS | ||||||||||||||||||||
CURRENT ASSETS | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 3,028.80 | 1,025.50 | 955.00 | - | 1,042.50 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 3,028.80 | 1,025.50 | 955.00 | - | 1,042.50 | |||||||||||||||
TOTAL CURRENT | $ | 6,057.60 | $ | 2,051.00 | $ | 1,910.00 | $ | - | $ | 2,085.00 | ||||||||||
OTHER ASSETS | ||||||||||||||||||||
Collectable Assets | $ | 35,366.20 | $ | 30,424.50 | $ | 189,065.00 | $ | 152,200.00 | $ | - | ||||||||||
TOTAL OTHER ASSETS | $ | 35,366.20 | $ | 30,424.50 | $ | 189,065.00 | $ | 152,200.00 | $ | - | ||||||||||
TOTAL ASSETS | $ | 41,423.80 | $ | 32,475.50 | $ | 190,975.00 | $ | 152,200.00 | $ | 2,085.00 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 3,028.80 | 1,025.50 | 955.00 | - | - | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 3,028.80 | $ | 1,025.50 | $ | 955.00 | $ | - | $ | - | ||||||||||
TOTAL LIABILITIES | $ | 3,028.80 | $ | 1,025.50 | $ | 955.00 | $ | - | $ | - | ||||||||||
MEMBERS’ EQUITY | ||||||||||||||||||||
Membership Contributions | $ | 38,395.00 | $ | 31,450.00 | $ | 190,020.00 | $ | 152,200.00 | $ | 20,949.00 | ||||||||||
Membership Distributions | - | - | - | - | (30,000.00 | ) | ||||||||||||||
Retained Earnings / (Accumulated Deficit) | - | - | - | - | 11,136.00 | |||||||||||||||
TOTAL MEMBERS’ EQUITY | $ | 38,395.00 | $ | 31,450.00 | $ | 190,020.00 | $ | 152,200.00 | $ | 2,085.00 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 41,423.80 | $ | 32,475.50 | $ | 190,975.00 | $ | 152,200.00 | $ | 2,085.00 |
See accompanying notes, which are an integral part of these financial statements.
F-80
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED BALANCE SHEETS AS OF
DECEMBER 31, 2021
#RUTHGEHRIG BALL | #RUTH1914 BALTIMORE NEWSSGC3 | #RUTH33 GOUDEYSGC8 | #SADAHARU OHBAT | #SATCHEL PAIGE48 LEAFSGC30 | ||||||||||||||||
ASSETS | ||||||||||||||||||||
CURRENT ASSETS | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,868.28 | 2,180.60 | 1,390.00 | 1,037.50 | 1,057.45 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 1,508.28 | 2,180.60 | 1,390.00 | 1,037.50 | 1,057.45 | |||||||||||||||
TOTAL CURRENT | $ | 3,376.56 | $ | 4,361.20 | $ | 2,780.00 | $ | 2,075.00 | $ | 2,114.90 | ||||||||||
OTHER ASSETS | ||||||||||||||||||||
Collectable Assets | $ | 71,751.72 | $ | 64,359.40 | $ | 140,860.00 | $ | 24,812.50 | $ | 35,992.55 | ||||||||||
TOTAL OTHER ASSETS | $ | 71,751.72 | $ | 64,359.40 | $ | 140,860.00 | $ | 24,812.50 | $ | 35,992.55 | ||||||||||
TOTAL ASSETS | $ | 75,128.28 | $ | 68,720.60 | $ | 143,640.00 | $ | 26,887.50 | $ | 38,107.45 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,508.28 | 2,180.60 | 1,390.00 | 1,037.50 | 1,057.45 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 1,508.28 | $ | 2,180.60 | $ | 1,390.00 | $ | 1,037.50 | $ | 1,057.45 | ||||||||||
TOTAL LIABILITIES | $ | 1,508.28 | $ | 2,180.60 | $ | 1,390.00 | $ | 1,037.50 | $ | 1,057.45 | ||||||||||
MEMBERS’ EQUITY | ||||||||||||||||||||
Membership Contributions | $ | 73,620.00 | $ | 66,540.00 | $ | 142,250.00 | $ | 25,850.00 | $ | 37,050.00 | ||||||||||
Membership Distributions | - | - | - | - | - | |||||||||||||||
Retained Earnings / (Accumulated Deficit) | - | - | - | - | - | |||||||||||||||
TOTAL MEMBERS’ EQUITY | $ | 73,620.00 | $ | 66,540.00 | $ | 142,250.00 | $ | 25,850.00 | $ | 37,050.00 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 75,128.28 | $ | 68,720.60 | $ | 143,640.00 | $ | 26,887.50 | $ | 38,107.45 |
See accompanying notes, which are an integral part of these financial statements.
F-81
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED BALANCE SHEETS AS OF
DECEMBER 31, 2021
#SEAGER ORANGE REFRACTOR BASKET | #SERENA03 NETPROPSA 10BASKET | #STEPHCURRY SNEAKERS | #TATIS BOWMAN BLACKLABEL | #TATUM FLAWLESS10 | ||||||||||||||||
ASSETS | ||||||||||||||||||||
CURRENT ASSETS | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,140.00 | 1,017.50 | 990.00 | 1,650.00 | 1,090.00 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 1,140.00 | 1,017.50 | 990.00 | 1,650.00 | 1,090.00 | |||||||||||||||
TOTAL CURRENT | $ | 2,280.00 | $ | 2,035.00 | $ | 1,980.00 | $ | 3,300.00 | $ | 2,180.00 | ||||||||||
OTHER ASSETS | ||||||||||||||||||||
Collectable Assets | $ | 15,740.00 | $ | 17,782.50 | $ | - | $ | 199,215.00 | $ | 46,510.00 | ||||||||||
TOTAL OTHER ASSETS | $ | 15,740.00 | $ | 17,782.50 | $ | - | $ | 199,215.00 | $ | 46,510.00 | ||||||||||
TOTAL ASSETS | $ | 18,020.00 | $ | 19,817.50 | $ | 1,980.00 | $ | 202,515.00 | $ | 48,690.00 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,140.00 | 1,017.50 | - | 1,650.00 | 1,090.00 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 1,140.00 | $ | 1,017.50 | $ | - | $ | 1,650.00 | $ | 1,090.00 | ||||||||||
TOTAL LIABILITIES | $ | 1,140.00 | $ | 1,017.50 | $ | - | $ | 1,650.00 | $ | 1,090.00 | ||||||||||
MEMBERS’ EQUITY | ||||||||||||||||||||
Membership Contributions | $ | 16,880.00 | $ | 18,800.00 | $ | 82,000.00 | $ | 223,000.00 | $ | 47,600.00 | ||||||||||
Membership Distributions | - | - | (110,000.00 | ) | - | - | ||||||||||||||
Retained Earnings / (Accumulated Deficit) | - | - | 29,980.00 | (22,135.00 | ) | - | ||||||||||||||
TOTAL MEMBERS’ EQUITY | $ | 16,880.00 | $ | 18,800.00 | $ | 1,980.00 | $ | 200,865.00 | $ | 47,600.00 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 18,020.00 | $ | 19,817.50 | $ | 1,980.00 | $ | 202,515.00 | $ | 48,690.00 |
See accompanying notes, which are an integral part of these financial statements.
F-82
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED BALANCE SHEETS AS OF
DECEMBER 31, 2021
#TED | #TIGER PUTTER | #TIGER SIFORKIDS | #TIGERS BGS9.5 | #TRAEYOUNG FLAWLESS | ||||||||||||||||
ASSETS | ||||||||||||||||||||
CURRENT ASSETS | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,080.00 | 1,217.50 | 1,115.00 | 1,085.00 | 1,050.00 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 1,080.00 | 1,217.50 | 1,115.00 | 1,085.00 | 1,050.00 | |||||||||||||||
TOTAL CURRENT | $ | 2,160.00 | $ | 2,435.00 | $ | 2,230.00 | $ | 2,170.00 | $ | 2,100.00 | ||||||||||
OTHER ASSETS | ||||||||||||||||||||
Collectable Assets | $ | 32,880.00 | $ | 209,512.50 | $ | 23,785.00 | $ | 35,815.00 | $ | 14,790.00 | ||||||||||
TOTAL OTHER ASSETS | $ | 32,880.00 | $ | 209,512.50 | $ | 23,785.00 | $ | 35,815.00 | $ | 14,790.00 | ||||||||||
TOTAL ASSETS | $ | 35,040.00 | $ | 211,947.50 | $ | 26,015.00 | $ | 37,985.00 | $ | 16,890.00 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,080.00 | 1,217.50 | 1,115.00 | 1,085.00 | 1,050.00 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 1,080.00 | $ | 1,217.50 | $ | 1,115.00 | $ | 1,085.00 | $ | 1,050.00 | ||||||||||
TOTAL LIABILITIES | $ | 1,080.00 | $ | 1,217.50 | $ | 1,115.00 | $ | 1,085.00 | $ | 1,050.00 | ||||||||||
MEMBERS’ EQUITY | ||||||||||||||||||||
Membership Contributions | $ | 33,960.00 | $ | 210,730.00 | $ | 24,900.00 | $ | 36,900.00 | $ | 15,840.00 | ||||||||||
Membership Distributions | - | - | - | - | - | |||||||||||||||
Retained Earnings / (Accumulated Deficit) | - | - | - | - | - | |||||||||||||||
TOTAL MEMBERS’ EQUITY | $ | 33,960.00 | $ | 210,730.00 | $ | 24,900.00 | $ | 36,900.00 | $ | 15,840.00 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 35,040.00 | $ | 211,947.50 | $ | 26,015.00 | $ | 37,985.00 | $ | 16,890.00 |
See accompanying notes, which are an integral part of these financial statements.
F-83
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED BALANCE SHEETS AS OF
DECEMBER 31, 2021
#TYSONRC BASKETBGS9 | #THEROCK PSA10 | #TIMDUNCAN PMGGREEN | #TRAEYOUNG FLAWLESS | #TREVOR LEAFBASKET | ||||||||||||||||
ASSETS | ||||||||||||||||||||
CURRENT ASSETS | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | - | 1,050.00 | 930.00 | - | - | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | - | 1,050.00 | 930.00 | - | - | |||||||||||||||
TOTAL CURRENT | $ | - | $ | 2,100.00 | $ | 1,860.00 | $ | - | $ | - | ||||||||||
OTHER ASSETS | ||||||||||||||||||||
Collectable Assets | $ | 70,900.00 | $ | 47,150.00 | $ | 226,570.00 | $ | 24,840.00 | $ | 11,300.00 | ||||||||||
TOTAL OTHER ASSETS | $ | 70,900.00 | $ | 47,150.00 | $ | 226,570.00 | $ | 24,840.00 | $ | 11,300.00 | ||||||||||
TOTAL ASSETS | $ | 70,900.00 | $ | 49,250.00 | $ | 228,430.00 | $ | 24,840.00 | $ | 11,300.00 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | 1,050.00 | 930.00 | - | - | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | - | $ | 1,050.00 | $ | 930.00 | $ | - | $ | - | ||||||||||
TOTAL LIABILITIES | $ | - | $ | 1,050.00 | $ | 930.00 | $ | - | $ | - | ||||||||||
MEMBERS’ EQUITY | ||||||||||||||||||||
Membership Contributions | $ | 70,900.00 | $ | 48,200.00 | $ | 227,500.00 | $ | 24,840.00 | $ | 11,300.00 | ||||||||||
Membership Distributions | - | - | - | - | - | |||||||||||||||
Retained Earnings / (Accumulated Deficit) | - | - | - | - | - | |||||||||||||||
TOTAL MEMBERS’ EQUITY | $ | 70,900.00 | $ | 48,200.00 | $ | 227,500.00 | $ | 24,840.00 | $ | 11,300.00 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 70,900.00 | $ | 49,250.00 | $ | 228,430.00 | $ | 24,840.00 | $ | 11,300.00 |
See accompanying notes, which are an integral part of these financial statements.
F-84
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED BALANCE SHEETS AS OF
DECEMBER 31, 2021
#TROUTFINEST FRACTOR | #UNITAS1965 JERSEY | #UNITAS PSA8 | #WILTCHAM PSA9 | #YASTRZEMS BASKET | ||||||||||||||||
ASSETS | ||||||||||||||||||||
CURRENT ASSETS | ||||||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due from Related Parties | 1,100.00 | 1,100.00 | - | 1,149.00 | 1,048.00 | |||||||||||||||
Due from Affiliate | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 1,100.00 | 1,100.00 | - | 1,149.00 | 1,048.00 | |||||||||||||||
TOTAL CURRENT | $ | 2,200.00 | $ | 2,200.00 | $ | - | $ | 2,298.00 | $ | 2,096.00 | ||||||||||
OTHER ASSETS | ||||||||||||||||||||
Collectable Assets | $ | 281,400.00 | $ | 165,900.00 | $ | 21,200.00 | $ | - | $ | 40,922.00 | ||||||||||
TOTAL OTHER ASSETS | $ | 281,400.00 | $ | 165,900.00 | $ | 21,200.00 | $ | - | $ | 40,922.00 | ||||||||||
TOTAL ASSETS | $ | 283,600.00 | $ | 168,100.00 | $ | 21,200.00 | $ | 2,298.00 | $ | 43,018.00 | ||||||||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Consignment Liabilities | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Sale Payout Liabilities | - | - | - | - | - | |||||||||||||||
Due to Affiliates | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,100.00 | 1,100.00 | - | - | 1,048.00 | |||||||||||||||
TOTAL CURRENT LIABILITIES | $ | 1,100.00 | $ | 1,100.00 | $ | - | $ | - | $ | 1,048.00 | ||||||||||
TOTAL LIABILITIES | $ | 1,100.00 | $ | 1,100.00 | $ | - | $ | - | $ | 1,048.00 | ||||||||||
MEMBERS’ EQUITY | ||||||||||||||||||||
Membership Contributions | $ | 282,500.00 | $ | 167,000.00 | $ | 21,200.00 | $ | 207,400.00 | $ | 41,970.00 | ||||||||||
Membership Distributions | - | - | - | (350,000.00 | ) | - | ||||||||||||||
Retained Earnings / (Accumulated Deficit) | - | - | - | 144,898.00 | - | |||||||||||||||
TOTAL MEMBERS’ EQUITY | $ | 282,500.00 | $ | 167,000.00 | $ | 21,200.00 | $ | 2,298.00 | $ | 41,970.00 | ||||||||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 283,600.00 | $ | 168,100.00 | $ | 21,200.00 | $ | 2,298.00 | $ | 43,018.00 |
See accompanying notes, which are an integral part of these financial statements.
F-85
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED BALANCE SHEETS AS OF
DECEMBER 31, 2021
#ZIONRPA BGS9 | #ZIONPRIZMS | |||||||
ASSETS | ||||||||
CURRENT ASSETS | ||||||||
Cash | $ | - | $ | - | ||||
Other Receivables | - | - | ||||||
Prepaid Consignments | - | - | ||||||
Due from Related Parties | 2,050.00 | - | ||||||
Due from Affiliate | - | - | ||||||
Reserve - Asset | 2,050.00 | - | ||||||
TOTAL CURRENT | $ | 4,100.00 | $ | - | ||||
OTHER ASSETS | ||||||||
Collectable Assets | $ | 110,076.12 | $ | 31,560.00 | ||||
TOTAL OTHER ASSETS | $ | 110,076.12 | $ | 31,560.00 | ||||
TOTAL ASSETS | $ | 114,176.12 | $ | 31,560.00 | ||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||
CURRENT LIABILITIES | ||||||||
Consignment Liabilities | $ | - | $ | - | ||||
Sale Payout Liabilities | - | - | ||||||
Due to Affiliates | - | - | ||||||
Other Current Liabilities | 2,050.00 | - | ||||||
TOTAL CURRENT LIABILITIES | $ | 2,050.00 | $ | - | ||||
TOTAL LIABILITIES | $ | 2,050.00 | $ | - | ||||
MEMBERS’ EQUITY | ||||||||
Membership Contributions | $ | 133,720.00 | $ | 31,560.00 | ||||
Membership Distributions | - | - | ||||||
Retained Earnings / (Accumulated Deficit) | (21,593.88 | ) | - | |||||
TOTAL MEMBERS’ EQUITY | $ | 112,126.12 | $ | 31,560.00 | ||||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 114,176.12 | $ | 31,560.00 |
See accompanying notes, which are an integral part of these financial statements.
F-86
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED BALANCE SHEETS AS OF
DECEMBER 31, 2021
CSA | CONSOLIDATED | |||||||
ASSETS | ||||||||
CURRENT ASSETS | ||||||||
Cash | $ | 1,159,637.15 | $ | 1,159,637.15 | ||||
Other Receivables | 27,520.00 | 27,520.00 | ||||||
Prepaid Consignments | 466,770.00 | 466,770.00 | ||||||
Due from Related Parties | (250,309.42 | ) | - | |||||
Due from Affiliate | 713,011.08 | 713,011.08 | ||||||
Reserve - Asset | - | 206,772.42 | ||||||
TOTAL CURRENT | $ | 2,116,628.81 | $ | 2,573,710.65 | ||||
OTHER ASSETS | ||||||||
Collectable Assets | $ | - | $ | 25,389,095.36 | ||||
TOTAL OTHER ASSETS | $ | - | $ | 25,389,095.36 | ||||
TOTAL ASSETS | $ | 2,116,628.81 | $ | 27,962,806.01 | ||||
LIABILITIES AND MEMBERS’ EQUITY | ||||||||
CURRENT LIABILITIES | ||||||||
Consignment Liabilities | $ | - | $ | 35,972.00 | ||||
Sale Payout Liabilities | 18,784.33 | 18,784.33 | ||||||
Due to Affiliates | 2,099,103.74 | 2,099,103.74 | ||||||
Other Current Liabilities | - | 187,102.35 | ||||||
TOTAL CURRENT LIABILITIES | $ | 2,117,888.07 | $ | 2,340,962.42 | ||||
TOTAL LIABILITIES | $ | 2,117,888.07 | $ | 2,340,962.42 | ||||
MEMBERS’ EQUITY | ||||||||
Membership Contributions | $ | - | $ | 30,142,057.00 | ||||
Membership Distributions | - | (6,114,000.00 | ) | |||||
Retained Earnings / (Accumulated Deficit) | (1,259.26 | ) | 1,679,839.93 | |||||
TOTAL MEMBERS’ EQUITY | $ | (1,259.26 | ) | $ | 25,621,843.59 | |||
TOTAL LIABILITIES AND MEMBERS’ EQUITY | $ | 2,116,628.81 | $ | 27,962,806.01 |
See accompanying notes, which are an integral part of these financial statements.
F-87
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#03EXQUISITE BOX | #03TOPPS CHROME WAX | #18-19BASKET BALLGROWTH BASKET | #1909E95 SGCSET | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | - | - | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | - | - | - | - | ||||||||||||
Valuation Allowance | - | - | - | - | ||||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | 22,916 | 8,501 | 21,602 | 12,351 | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | - | |||||||||||||||
Total Other Expense | 22,916 | 8,501 | 21,602 | 12,351 | ||||||||||||
Net Income/(Loss) | $ | (22,916 | ) | $ | (8,501 | ) | $ | (21,602 | ) | $ | (12,351 | ) | ||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | (2.70 | ) | $ | (3.49 | ) | $ | (9.66 | ) | $ | (1.67 | ) | ||||
Weighted Average Membership Interests | 8,475 | 2,435 | 2,236 | 7,410 |
See accompanying notes, which are an integral part of these financial statements.
F-88
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#1959TOPPS BASEBALLSET | #1964KOUFAX JERSEY | #1969TOPPS BASKET BALLSET | #1980Topps BasketballWax | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | - | - | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | 5,138 | - | - | 3,904 | ||||||||||||
Valuation Allowance | (5,138 | ) | - | - | (3,904 | ) | ||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | 24,467 | 25,899 | 48,166 | 18,590 | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | ||||||||||||||||
Total Other Expense | 24,467 | 25,899 | 48,166 | 18,590 | ||||||||||||
Net Income/(Loss) | $ | (24,467 | ) | $ | (25,899 | ) | $ | (48,166 | ) | $ | (18,590 | ) | ||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | (2.86 | ) | $ | (0.59 | ) | $ | (7.89 | ) | $ | (2.49 | ) | ||||
Weighted Average Membership Interests | 8,555 | 43,850 | 6,102 | 7,462 |
See accompanying notes, which are an integral part of these financial statements.
F-89
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#1986WAX | #2000PLAYOFF CONTENDERS WAX | #48LeafRuth SGC8 | #49Bowman JackieAuto | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | - | - | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | - | - | - | 5,042 | ||||||||||||
Valuation Allowance | - | - | - | (5,042 | ) | |||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | 11,389 | - | 8,645 | 26,011 | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | ||||||||||||||||
Total Other Expense | 11,389 | - | 8,645 | 26,011 | ||||||||||||
Net Income/(Loss) | $ | (11,389 | ) | $ | - | $ | (8,645 | ) | $ | (26,011 | ) | |||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | (1.47 | ) | $ | - | $ | (0.80 | ) | $ | (3.37 | ) | |||||
Weighted Average Membership Interests | 7,770 | 2,465 | 10,850 | 7,720 |
See accompanying notes, which are an integral part of these financial statements.
F-90
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#86AutoFleerSet | #96SkyboxE- X2000Wax | #AARON1954 PSA8.5 | #ACUNA GOLD9.5 | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | - | - | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | - | 2,306 | - | - | ||||||||||||
Valuation Allowance | - | (2,306 | ) | - | - | |||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | - | 10,979 | - | 9,296 | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | ||||||||||||||||
Total Other Expense | - | 10,979 | - | 9,296 | ||||||||||||
Net Income/(Loss) | $ | - | $ | (10,979 | ) | $ | - | $ | (9,296 | ) | ||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | - | $ | (3.41 | ) | $ | - | $ | (1.69 | ) | ||||||
Weighted Average Membership Interests | 11,000 | 3,217 | 12,440 | 5,501 |
See accompanying notes, which are an integral part of these financial statements.
F-91
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#ALIWBC BELT | #ALKALINE1954 TOPPSPSA9 | #ANDRE&HULK WRESTLING BASKET | #ANDRETHE GIANT | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | - | - | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | - | 4,135 | - | - | ||||||||||||
Valuation Allowance | - | (4,135 | ) | - | - | |||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | - | 19,691 | 80,368 | 16,097 | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | ||||||||||||||||
Total Other Expense | - | 19,691 | 80,368 | 16,097 | ||||||||||||
Net Income/(Loss) | $ | - | $ | (19,691 | ) | $ | (80,368 | ) | $ | (16,097 | ) | |||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | - | $ | (4.63 | ) | $ | (6.36 | ) | $ | (5.42 | ) | |||||
Weighted Average Membership Interests | 43,200 | 4,255 | 12,644 | 2,972 |
See accompanying notes, which are an integral part of these financial statements.
F-92
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#AaronDecade Basket | #AcunaBowman 10Basket | #AlexRodriguez 09WSUniform | #AliRookie CardBVG8 | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | - | - | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | 2,743 | - | 18,405 | - | ||||||||||||
Valuation Allowance | (2,743 | ) | - | (18,405 | ) | - | ||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | 13,060 | 60,769 | 87,643 | 43,733 | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | ||||||||||||||||
Total Other Expense | 13,060 | 60,769 | 87,643 | 43,733 | ||||||||||||
Net Income/(Loss) | $ | (13,060 | ) | $ | (60,769 | ) | $ | (87,643 | ) | $ | (43,733 | ) | ||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | (1.51 | ) | $ | (5.87 | ) | $ | (7.94 | ) | $ | (7.20 | ) | ||||
Weighted Average Membership Interests | 8,652 | 10,350 | 11,043 | 6,070 |
See accompanying notes, which are an integral part of these financial statements.
F-93
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#BANKS1954 PSA9 | #BETTSGOLD REFRACTOR BASKET | #BRADYPLAYOFF CONTENDERS BASKET | #BRADY REEBOK FLAWLESS | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | 67,435 | - | - | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | - | - | - | - | ||||||||||||
Valuation Allowance | - | - | - | - | ||||||||||||
Total Other Income | 67,435 | - | - | - | ||||||||||||
Impairment Loss on Series | - | 11,235 | - | - | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | - | - | ||||||||||||||
Total Other Expense | - | 11,235 | - | - | ||||||||||||
Net Income/(Loss) | $ | 67,435 | $ | (11,235 | ) | $ | - | $ | - | |||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | 18.34 | $ | (1.75 | ) | $ | - | $ | - | |||||||
Weighted Average Membership Interests | 3,677 | 6,424 | 18,660 | 4,067 |
See accompanying notes, which are an integral part of these financial statements.
F-94
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#BRADY ROOKIE | #BabeRuth BowsOutPhoto | #Bellinger OrangeBGS9.5 | #BettsBlue RefractorBasket | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | - | - | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | - | - | 4,260 | - | ||||||||||||
Valuation Allowance | - | - | (4,260 | ) | - | |||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | - | - | 20,287 | 25,397 | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | - | - | ||||||||||||||
Total Other Expense | - | - | 20,287 | 25,397 | ||||||||||||
Net Income/(Loss) | $ | - | $ | - | $ | (20,287 | ) | $ | (25,397 | ) | ||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | - | $ | - | $ | (7.30 | ) | $ | (7.50 | ) | ||||||
Weighted Average Membership Interests | 5,971 | 10,516 | 2,780 | 3,385 |
See accompanying notes, which are an integral part of these financial statements.
F-95
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#BobbyOrr BruinsJersey | #Brady01 TicketBooklet | #Brady2000 SPXSpectrum BGS9.5 | #Brady Bowman10 | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | - | - | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | 26,102 | 1,734 | 56,249 | - | ||||||||||||
Valuation Allowance | (26,102 | ) | (1,734 | ) | (56,249 | ) | - | |||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | 124,296 | 8,311 | 280,354 | 15,061 | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | ||||||||||||||||
Total Other Expense | 124,296 | 8,311 | 280,354 | 15,061 | ||||||||||||
Net Income/(Loss) | $ | (124,296 | ) | $ | (8,311 | ) | $ | (280,354 | ) | $ | (15,061 | ) | ||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | (2.90 | ) | $ | (6.93 | ) | $ | (4.98 | ) | $ | (4.80 | ) | ||||
Weighted Average Membership Interests | 42,900 | 1,199 | 56,350 | 3,140 |
See accompanying notes, which are an integral part of these financial statements.
F-96
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#Brady Championship Ticket | #BradyDebut Ticket | #CHAMBERLAIN HSUNIFORM | #CHAMBERLAIN PHILA JERSEY59-60 | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | - | - | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | - | 10,296 | - | - | ||||||||||||
Valuation Allowance | - | (10,296 | ) | - | - | |||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | 1,442,831 | 49,530 | - | - | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | - | |||||||||||||||
Total Other Expense | 1,442,831 | 49,530 | - | - | ||||||||||||
Net Income/(Loss) | $ | (1,442,831 | ) | $ | (49,530 | ) | $ | - | $ | - | ||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | (6.24 | ) | $ | (4.28 | ) | $ | - | $ | - | ||||||
Weighted Average Membership Interests | 231,200 | 11,575 | 13,000 | 133,500 |
See accompanying notes, which are an integral part of these financial statements.
F-97
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#CLEMENTE 1955PSA8 | #CLEMENTE WHITE&GRAY BASKET | #COBBMI NTE98 | #COBB VINTAGET 206PHOTO | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | - | - | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | - | - | - | - | ||||||||||||
Valuation Allowance | - | - | - | - | ||||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | 363 | 31,094 | 48,069 | 18,592 | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | ||||||||||||||||
Total Other Expense | 363 | 31,094 | 48,069 | 18,592 | ||||||||||||
Net Income/(Loss) | $ | (363 | ) | $ | (31,094 | ) | $ | (48,069 | ) | $ | (18,592 | ) | ||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | (0.04 | ) | $ | (2.71 | ) | $ | (1.55 | ) | $ | (3.43 | ) | ||||
Weighted Average Membership Interests | 8,400 | 11,475 | 30,950 | 5,426 |
See accompanying notes, which are an integral part of these financial statements.
F-98
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#CROSBY THECUP BASKET | #CURRY BASKET | #CURRYR PABGS9.5 | #CassiusClay SonyListon UPIType1 | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | - | - | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | - | - | - | - | ||||||||||||
Valuation Allowance | - | - | - | - | ||||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | 72,587 | - | - | - | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | - | - | - | |||||||||||||
Total Other Expense | 72,587 | - | - | - | ||||||||||||
Net Income/(Loss) | $ | (72,587 | ) | $ | - | $ | - | $ | - | |||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | (3.41 | ) | $ | - | $ | - | $ | - | |||||||
Weighted Average Membership Interests | 21,270 | 2,033 | 50,150 | 2,495 |
See accompanying notes, which are an integral part of these financial statements.
F-99
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#CharlesBarkley SunsJersey | #ChicagoBulls DynastyHardwood | #ChrisBoshGame WornRaptors Sneakers | #Clemente 65-68Bat | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | - | - | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | 4,015 | - | - | - | ||||||||||||
Valuation Allowance | (4,015 | ) | - | - | - | |||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | 19,119 | 222,083 | 12,269 | - | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | - | |||||||||||||||
Total Other Expense | 19,119 | 222,083 | 12,269 | - | ||||||||||||
Net Income/(Loss) | $ | (19,119 | ) | $ | (222,083 | ) | $ | (12,269 | ) | $ | - | |||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | (0.60 | ) | $ | (3.03 | ) | $ | (3.38 | ) | $ | - | |||||
Weighted Average Membership Interests | 31,980 | 73,250 | 3,630 | 6,345 |
See accompanying notes, which are an integral part of these financial statements.
F-100
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#Cristiano RonaldoRC1of1 | #CrosbyWinter ClassicSkates | #CurryGold ToppsPSA10 | #DIMAGGIO 1933BAT | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | - | - | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | - | 1,070 | - | - | ||||||||||||
Valuation Allowance | - | (1,070 | ) | - | - | |||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | 173,192 | 5,094 | - | 37,377 | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | - | |||||||||||||||
Total Other Expense | 173,192 | 5,094 | - | 37,377 | ||||||||||||
Net Income/(Loss) | $ | (173,192 | ) | $ | (5,094 | ) | $ | - | $ | (37,377 | ) | |||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | (3.25 | ) | $ | (2.67 | ) | $ | - | $ | (3.83 | ) | |||||
Weighted Average Membership Interests | 53,250 | 1,910 | 3,200 | 9,755 |
See accompanying notes, which are an integral part of these financial statements.
F-101
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#DONCIC BLUEPSA10 | #DURANT CHROME REFRACTORPSA10 | #DWADE ULTIMATE | #DaveBingSigned 50GreatestNBAPlay | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | - | - | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | - | - | - | 13,660 | ||||||||||||
Valuation Allowance | - | - | - | (13,660 | ) | |||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | 32,343 | 2,456 | 29,174 | 65,045 | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | ||||||||||||||||
Total Other Expense | 32,343 | 2,456 | 29,174 | 65,045 | ||||||||||||
Net Income/(Loss) | $ | (32,343 | ) | $ | (2,456 | ) | $ | (29,174 | ) | $ | (65,045 | ) | ||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | (5.00 | ) | $ | (1.88 | ) | $ | (6.62 | ) | $ | (6.11 | ) | ||||
Weighted Average Membership Interests | 6,470 | 1,310 | 4,409 | 10,651 |
See accompanying notes, which are an integral part of these financial statements.
F-102
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#Devers Superfractor | #Donovan MitchellNT9.5 | #Durant07-08 ExquisiteLimited LogosBGS9.5 | #ELWAY1984 ROOKIECARD PSA10BASKET | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | - | - | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | - | - | 3,478 | - | ||||||||||||
Valuation Allowance | - | - | (3,478 | ) | - | |||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | - | 13,646 | - | 16,602 | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | ||||||||||||||||
Total Other Expense | - | 13,646 | - | 16,602 | ||||||||||||
Net Income/(Loss) | $ | - | $ | (13,646 | ) | $ | - | $ | (16,602 | ) | ||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | - | $ | (4.37 | ) | $ | - | $ | (5.31 | ) | ||||||
Weighted Average Membership Interests | 3,720 | 3,125 | 22,277 | 3,125 |
See accompanying notes, which are an integral part of these financial statements.
F-103
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#EMMITT SMITH10K JERSEY | #EMMITT SMITHMVP BASKET | #EddiePlank T206PSA4 | #EmbiidFirst50 PointGameJersey | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | - | - | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | - | - | - | 5,954 | ||||||||||||
Valuation Allowance | - | - | - | (5,954 | ) | |||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | 27,578 | 36,746 | 76,299 | 28,354 | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | ||||||||||||||||
Total Other Expense | 27,578 | 36,746 | 76,299 | 28,354 | ||||||||||||
Net Income/(Loss) | $ | (27,578 | ) | $ | (36,746 | ) | $ | (76,299 | ) | $ | (28,354 | ) | ||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | (4.56 | ) | $ | (6.28 | ) | $ | (1.20 | ) | $ | (7.19 | ) | ||||
Weighted Average Membership Interests | 6,050 | 5,850 | 63,640 | 3,942 |
See accompanying notes, which are an integral part of these financial statements.
F-104
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#ErlingHaaland PSA10Basket | #Eruzione1980 MiracleOnIce GoldJersey | #FRANKROBINSON 1957PSA9 BASKET | #FRANKRO BINSON 500HRBAT | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | - | 19,728 | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | - | 48,551 | - | - | ||||||||||||
Valuation Allowance | - | (48,551 | ) | - | - | |||||||||||
Total Other Income | - | - | 19,728 | - | ||||||||||||
Impairment Loss on Series | - | 267,196 | - | - | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | ||||||||||||||||
Total Other Expense | - | 267,196 | - | - | ||||||||||||
Net Income/(Loss) | $ | - | $ | (267,196 | ) | $ | 19,728 | $ | - | |||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | - | $ | (3.77 | ) | $ | 2.50 | $ | - | |||||||
Weighted Average Membership Interests | 1,456 | 70,800 | 7,878 | 17,450 |
See accompanying notes, which are an integral part of these financial statements.
F-105
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#GIANNISGOLD IMMACULATE | #GIANNISRPA | #GLEYBER TORRES ORANGE9.5 | #GRETZKY OPEECHEE1979 | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | 83,470 | - | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | - | - | - | - | ||||||||||||
Valuation Allowance | - | - | - | - | ||||||||||||
Total Other Income | - | 83,470 | - | - | ||||||||||||
Impairment Loss on Series | 10,327 | - | 16,535 | - | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | ||||||||||||||||
Total Other Expense | 10,327 | - | 16,535 | - | ||||||||||||
Net Income/(Loss) | $ | (10,327 | ) | $ | 83,470 | $ | (16,535 | ) | $ | - | ||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | (2.02 | ) | $ | 7.02 | $ | (7.54 | ) | $ | - | ||||||
Weighted Average Membership Interests | 5,120 | 11,898 | 2,194 | 7,078 |
See accompanying notes, which are an integral part of these financial statements.
F-106
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#GRIFFEY89 UPPERDECK SGCGOLD | #GaryCarter 1975 PSA10Basket | #Giannis48 PointGame Sneakers | #Gretzky1979 Topps9 | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | - | - | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | 1,872 | - | - | 1,375 | ||||||||||||
Valuation Allowance | (1,872 | ) | - | - | (1,375 | ) | ||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | 8,915 | - | 7,367 | 1,720 | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | ||||||||||||||||
Total Other Expense | 8,915 | - | 7,367 | 1,720 | ||||||||||||
Net Income/(Loss) | $ | (8,915 | ) | $ | - | $ | (7,367 | ) | $ | (1,720 | ) | |||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | (5.14 | ) | $ | - | $ | (1.41 | ) | $ | (0.14 | ) | |||||
Weighted Average Membership Interests | 1,736 | 3,900 | 5,240 | 11,876 |
See accompanying notes, which are an integral part of these financial statements.
F-107
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#Gretzky1981 SportsIllustrated CoverCGC9.4 | #HARMON KILLEBREW 1955TOP PSPSA9 | #Hamilton ChromeOrange Sapphire | #HonusWagner 1910PSA5 | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | - | - | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | - | 3,936 | 9,514 | (171 | ) | |||||||||||
Valuation Allowance | - | (3,936 | ) | (9,514 | ) | 171 | ||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | - | 18,741 | 45,554 | - | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | ||||||||||||||||
Total Other Expense | - | 18,741 | 45,554 | - | ||||||||||||
Net Income/(Loss) | $ | - | $ | (18,741 | ) | $ | (45,554 | ) | $ | - | ||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | - | $ | (4.27 | ) | $ | (7.59 | ) | $ | - | ||||||
Weighted Average Membership Interests | 3,750 | 4,394 | 6,000 | 10,068 |
See accompanying notes, which are an integral part of these financial statements.
F-108
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#JACKIE ROBINSON AUTOBAT | #JETERFOILRC BASKETBGS9.5 | #JORDAN85 NIKEBASKET | #JORDAN EXQUISITE BGS8 | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | - | - | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | - | - | - | - | ||||||||||||
Valuation Allowance | - | - | - | - | ||||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | 12,646 | 50,486 | - | 51,549 | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | ||||||||||||||||
Total Other Expense | 12,646 | 50,486 | - | 51,549 | ||||||||||||
Net Income/(Loss) | $ | (12,646 | ) | $ | (50,486 | ) | $ | - | $ | (51,549 | ) | |||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | (6.96 | ) | $ | (4.88 | ) | $ | - | $ | (6.34 | ) | |||||
Weighted Average Membership Interests | 1,817 | 10,335 | 14,153 | 8,130 |
See accompanying notes, which are an integral part of these financial statements.
F-109
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#JORDAN PSA10 | #JORDAN ROOKIE JERSEY | #JORDANSIGNED PROFESSIONAL BAT | #Jackie Leaf3.5 | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | - | - | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | - | - | - | - | ||||||||||||
Valuation Allowance | - | - | - | - | ||||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | - | - | 32,838 | 19,324 | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | ||||||||||||||||
Total Other Expense | - | - | 32,838 | 19,324 | ||||||||||||
Net Income/(Loss) | $ | - | $ | - | $ | (32,838 | ) | $ | (19,324 | ) | ||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | - | $ | - | $ | (6.21 | ) | $ | (2.29 | ) | ||||||
Weighted Average Membership Interests | 10,087 | 24,650 | 5,290 | 8,440 |
See accompanying notes, which are an integral part of these financial statements.
F-110
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#JackieRobinson 1952Topps PSA8.5 | #Jackie Robinson53 Topps8 | #JimmieFoxx 1938Bat | #Jokic Refractor1of1 | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | - | - | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | - | - | - | - | ||||||||||||
Valuation Allowance | - | - | - | - | ||||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | - | 3,000 | 22,736 | 5,107 | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | ||||||||||||||||
Total Other Expense | - | 3,000 | 22,736 | 5,107 | ||||||||||||
Net Income/(Loss) | $ | - | $ | (3,000 | ) | $ | (22,736 | ) | $ | (5,107 | ) | |||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | - | $ | (0.41 | ) | $ | (2.31 | ) | $ | (2.12 | ) | |||||
Weighted Average Membership Interests | 57,605 | 7,400 | 9,860 | 2,411 |
See accompanying notes, which are an integral part of these financial statements.
F-111
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#Jordan86 FleerBGS9.5 Basket | #Jordan Exquisite8.5 Flashback | #JordanFleer 86SGC10 | #JordanLe BronMagic TripleSigs | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | - | - | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | 15,888 | 17,787 | 24,433 | - | ||||||||||||
Valuation Allowance | (15,888 | ) | (17,787 | ) | (24,433 | ) | - | |||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | 75,658 | 84,698 | 116,345 | 55,882 | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | ||||||||||||||||
Total Other Expense | 75,658 | 84,698 | 116,345 | 55,882 | ||||||||||||
Net Income/(Loss) | $ | (75,658 | ) | $ | (84,698 | ) | $ | (116,345 | ) | $ | (55,882 | ) | ||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | (2.64 | ) | $ | (4.85 | ) | $ | (5.79 | ) | $ | (6.44 | ) | ||||
Weighted Average Membership Interests | 28,710 | 17,455 | 20,090 | 8,675 |
See accompanying notes, which are an integral part of these financial statements.
F-112
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#JordanLe BronSign oftheTimes | #JordanMagic LeBronTriple AutoJersey | #JoshAllen GoldBGS9.5 | #JustinHerbert HiddenTreasure RPA | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | (39 | ) | - | - | |||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | - | - | - | - | ||||||||||||
Valuation Allowance | - | - | - | - | ||||||||||||
Total Other Income | - | (39 | ) | - | - | |||||||||||
Impairment Loss on Series | 93,852 | - | - | 31,112 | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | ||||||||||||||||
Total Other Expense | 93,852 | - | - | 31,112 | ||||||||||||
Net Income/(Loss) | $ | (93,852 | ) | $ | (39 | ) | $ | - | $ | (31,112 | ) | |||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | (5.49 | ) | $ | (0.00 | ) | $ | - | $ | (2.40 | ) | |||||
Weighted Average Membership Interests | 17,100 | 25,690 | 3,125 | 12,970 |
See accompanying notes, which are an integral part of these financial statements.
F-113
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#KAWHI BASKET | #KOBEREEBOK IVERSO NRETROS | #KOUFAX 1955PSA8.5 | #KOUFAX 55PSA9 | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | - | - | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | - | - | - | - | ||||||||||||
Valuation Allowance | - | - | - | - | ||||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | 42,028 | 64,126 | - | 104,500 | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | ||||||||||||||||
Total Other Expense | 42,028 | 64,126 | - | 104,500 | ||||||||||||
Net Income/(Loss) | $ | (42,028 | ) | $ | (64,126 | ) | $ | - | $ | (104,500 | ) | |||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | (17.61 | ) | $ | (5.58 | ) | $ | - | $ | (2.10 | ) | |||||
Weighted Average Membership Interests | 2,387 | 11,500 | 3,792 | 49,750 |
See accompanying notes, which are an integral part of these financial statements.
F-114
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#KareemPoints RecordBall | #KevinDurant HSJersey | #Kobe1997 AirBallGame UsedShoes | #KobeBlack HistoryMonth FinalSeason Shoes | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | - | - | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | 54,308 | - | - | 5,889 | ||||||||||||
Valuation Allowance | (54,308 | ) | - | - | (5,889 | ) | ||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | 263,610 | 108,302 | - | 28,042 | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | ||||||||||||||||
Total Other Expense | 263,610 | 108,302 | - | 28,042 | ||||||||||||
Net Income/(Loss) | $ | (263,610 | ) | $ | (108,302 | ) | $ | - | $ | (28,042 | ) | |||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | (6.72 | ) | $ | (4.77 | ) | $ | - | $ | (3.63 | ) | |||||
Weighted Average Membership Interests | 39,250 | 22,700 | 12,540 | 7,720 |
See accompanying notes, which are an integral part of these financial statements.
F-115
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#KobeBryant 2001WarmUp Jacket | #KobeBryant FirstWhite #24Jersey | #KobeBryant Rookie Sneakers | #KobeBryant RoyalBlueJordan Sneakers | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | - | 16,510 | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | 28,277 | - | - | - | ||||||||||||
Valuation Allowance | (28,277 | ) | - | - | - | |||||||||||
Total Other Income | - | - | 16,510 | - | ||||||||||||
Impairment Loss on Series | 134,651 | 385,276 | - | 52,569 | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | ||||||||||||||||
Total Other Expense | 134,651 | 385,276 | - | 52,569 | ||||||||||||
Net Income/(Loss) | $ | (134,651 | ) | $ | (385,276 | ) | $ | 16,510 | $ | (52,569 | ) | |||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | (6.44 | ) | $ | (2.71 | ) | $ | 1.20 | $ | (5.65 | ) | |||||
Weighted Average Membership Interests | 20,910 | 142,140 | 13,800 | 9,300 |
See accompanying notes, which are an integral part of these financial statements.
F-116
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#KobeFinal Season Sneakers | #KobeLeBron JordanMagic QuadAuto | #Koufax PSA8 | #LBJ Exquisite | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | - | - | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | - | 17,959 | 3,445 | - | ||||||||||||
Valuation Allowance | - | (17,959 | ) | (3,445 | ) | - | ||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | 43,003 | 85,521 | 16,405 | 597,158 | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | ||||||||||||||||
Total Other Expense | 43,003 | 85,521 | 16,405 | 597,158 | ||||||||||||
Net Income/(Loss) | $ | (43,003 | ) | $ | (85,521 | ) | $ | (16,405 | ) | $ | (597,158 | ) | ||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | (6.64 | ) | $ | (3.37 | ) | $ | (3.69 | ) | $ | (4.30 | ) | ||||
Weighted Average Membership Interests | 6,480 | 25,400 | 4,445 | 138,750 |
See accompanying notes, which are an integral part of these financial statements.
F-117
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#LBJKobeTopps Basket | #LEBRONBLACK REFRACTOR | #LEBRONEMBLEMS OFENDOR SEMENT | #LEBRON MELOWA DETRIORC | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | - | - | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | 1,568 | - | - | - | ||||||||||||
Valuation Allowance | (1,568 | ) | - | - | - | |||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | 7,465 | 54,866 | 157,882 | 287,477 | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | ||||||||||||||||
Total Other Expense | 7,465 | 54,866 | 157,882 | 287,477 | ||||||||||||
Net Income/(Loss) | $ | (7,465 | ) | $ | (54,866 | ) | $ | (157,882 | ) | $ | (287,477 | ) | ||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | (4.04 | ) | $ | (4.03 | ) | $ | (14.29 | ) | $ | (7.58 | ) | ||||
Weighted Average Membership Interests | 1,850 | 13,605 | 11,050 | 37,912 |
See accompanying notes, which are an integral part of these financial statements.
F-118
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#LEBRON ROOKIE | #LEBRON ULTIMATE | #LUKADONCICGU ROOKIES NEAKERS | #LeBronBlack Diamond | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | 28,697 | - | 29,720 | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | - | - | - | - | ||||||||||||
Valuation Allowance | - | - | - | - | ||||||||||||
Total Other Income | 28,697 | - | 29,720 | - | ||||||||||||
Impairment Loss on Series | - | 118,825 | - | 46,370 | ||||||||||||
Income Tax Expense Current Year | - | - | 6,451 | - | ||||||||||||
Other Expense | ||||||||||||||||
Total Other Expense | - | 118,825 | 6,451 | 46,370 | ||||||||||||
Net Income/(Loss) | $ | 28,697 | $ | (118,825 | ) | $ | 23,269 | $ | (46,370 | ) | ||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | 14.04 | $ | (6.39 | ) | $ | 2.67 | $ | (2.94 | ) | ||||||
Weighted Average Membership Interests | 2,044 | 18,595 | 8,725 | 15,750 |
See accompanying notes, which are an integral part of these financial statements.
F-119
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#LeBron Credentials | #LeBronMelo Bosh2008Triple LogoMan | #LeBronMeloDual Logoman | #LeBron RookieShoes | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | - | - | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | 31,760 | - | - | 22,815 | ||||||||||||
Valuation Allowance | (31,760 | ) | - | - | (22,815 | ) | ||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | 151,238 | 232,180 | 725,558 | 108,641 | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | ||||||||||||||||
Total Other Expense | 151,238 | 232,180 | 725,558 | 108,641 | ||||||||||||
Net Income/(Loss) | $ | (151,238 | ) | $ | (232,180 | ) | $ | (725,558 | ) | $ | (108,641 | ) | ||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | (4.09 | ) | $ | (3.75 | ) | $ | (6.54 | ) | $ | (1.17 | ) | ||||
Weighted Average Membership Interests | 36,950 | 61,950 | 111,000 | 93,200 |
See accompanying notes, which are an integral part of these financial statements.
F-120
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#LouGehrig RCPhoto | #LukaRookie Jersey | #LukaWhite Sparkle | #MAGIC BIRDDRJ | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | - | - | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | 870 | - | - | - | ||||||||||||
Valuation Allowance | (870 | ) | - | - | - | |||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | 5,825 | 161,168 | 439,829 | - | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | ||||||||||||||||
Total Other Expense | 5,825 | 161,168 | 439,829 | - | ||||||||||||
Net Income/(Loss) | $ | (5,825 | ) | $ | (161,168 | ) | $ | (439,829 | ) | $ | - | |||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | (1.07 | ) | $ | (3.09 | ) | $ | (6.10 | ) | $ | - | |||||
Weighted Average Membership Interests | 5,426 | 52,225 | 72,100 | 4,441 |
See accompanying notes, which are an integral part of these financial statements.
F-121
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#MAGICBIRD DRJPSA8 BASKET | #MAGICBIRD LOGOMAN | #MAHOMES EMERALDRPA BGS9 | #MAHOMES ROOKIE | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | - | 35,130 | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | - | - | - | - | ||||||||||||
Valuation Allowance | - | - | - | - | ||||||||||||
Total Other Income | - | - | 35,130 | - | ||||||||||||
Impairment Loss on Series | 20,275 | 289,638 | - | - | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | ||||||||||||||||
Total Other Expense | 20,275 | 289,638 | - | - | ||||||||||||
Net Income/(Loss) | $ | (20,275 | ) | $ | (289,638 | ) | $ | 35,130 | $ | - | ||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | (7.20 | ) | $ | (5.65 | ) | $ | 8.53 | $ | - | ||||||
Weighted Average Membership Interests | 2,816 | 51,280 | 4,117 | 9,080 |
See accompanying notes, which are an integral part of these financial statements.
F-122
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#MANTLE1952 BOWMANPSA8 | #MANTLE1952 TOPPSPSA8 | #MANTLE1956 PSA8 BASKET | #MANTLE 1960PSA9 | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | - | - | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | - | - | - | - | ||||||||||||
Valuation Allowance | - | - | - | - | ||||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | - | - | - | - | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | ||||||||||||||||
Total Other Expense | - | - | - | - | ||||||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | - | $ | - | $ | - | $ | - | ||||||||
Weighted Average Membership Interests | 1,040 | 49,880 | 5,935 | 4,227 |
See accompanying notes, which are an integral part of these financial statements.
F-123
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#MANTLE52 TOPPSPSA7 | #MANTLE54 BOWMAN BASKET | #MANTLE MINT1953 | #MARINO1984 ROOKIE CARDBGS10 BASKET | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | - | - | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | 781 | - | - | 1,952 | ||||||||||||
Valuation Allowance | (781 | ) | - | - | (1,952 | ) | ||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | - | 22,363 | - | 9,294 | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | - | |||||||||||||||
Total Other Expense | - | 22,363 | - | 9,294 | ||||||||||||
Net Income/(Loss) | $ | - | $ | (22,363 | ) | $ | - | $ | (9,294 | ) | ||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | - | $ | (4.20 | ) | $ | - | $ | (2.38 | ) | ||||||
Weighted Average Membership Interests | 31,600 | 5,320 | 100,000 | 3,900 |
See accompanying notes, which are an integral part of these financial statements.
F-124
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#MARINOMANNIN GFAVREJERSEYS | #MAYS1951 BOWMAN7 | #MAYS1951 PHOTO | #MAYS1952 PSA8 | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | - | - | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | - | - | - | - | ||||||||||||
Valuation Allowance | - | - | - | - | ||||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | 11,191 | 33,837 | - | 26,805 | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | ||||||||||||||||
Total Other Expense | 11,191 | 33,837 | - | 26,805 | ||||||||||||
Net Income/(Loss) | $ | (11,191 | ) | $ | (33,837 | ) | $ | - | $ | (26,805 | ) | |||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | (2.15 | ) | $ | (3.22 | ) | $ | - | $ | (1.06 | ) | |||||
Weighted Average Membership Interests | 5,194 | 10,500 | 5,321 | 25,275 |
See accompanying notes, which are an integral part of these financial statements.
F-125
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#MAYS1959 PSA9BASKET | #MAYS1960 PSA9 | #MAY WEATHERRC PSA10 | #MESS IROOKIE BASKET | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | - | - | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | - | - | - | - | ||||||||||||
Valuation Allowance | - | - | - | - | ||||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | - | 926 | 16,290 | 47,908 | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | ||||||||||||||||
Total Other Expense | - | 926 | 16,290 | 47,908 | ||||||||||||
Net Income/(Loss) | $ | - | $ | (926 | ) | $ | (16,290 | ) | $ | (47,908 | ) | |||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | - | $ | (0.10 | ) | $ | (3.10 | ) | $ | (5.07 | ) | |||||
Weighted Average Membership Interests | 5,091 | 9,633 | 5,254 | 9,446 |
See accompanying notes, which are an integral part of these financial statements.
F-126
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#MIKANRC PHOTO | #MLBAllStar GameTicketRun Collection | #MLBHALL OFFAMEBASE BALL | #MON TANARC PSA10 | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | 27,170 | - | - | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | - | 5,800 | - | - | ||||||||||||
Valuation Allowance | - | (5,800 | ) | - | - | |||||||||||
Total Other Income | 27,170 | - | - | - | ||||||||||||
Impairment Loss on Series | - | 27,621 | 72,141 | 17,121 | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | ||||||||||||||||
Total Other Expense | - | 27,621 | 72,141 | 17,121 | ||||||||||||
Net Income/(Loss) | $ | 27,170 | $ | (27,621 | ) | $ | (72,141 | ) | $ | (17,121 | ) | |||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | 4.73 | $ | (5.43 | ) | $ | (2.34 | ) | $ | (2.54 | ) | |||||
Weighted Average Membership Interests | 5,750 | 5,090 | 30,840 | 6,732 |
See accompanying notes, which are an integral part of these financial statements.
F-127
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#MOOKIE BETTSGLOVE | #MPJ Championship Ticket | #MagicBirdDr J1980PSA9 | #Mahomes BronzeBasket | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | - | - | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | - | - | 3,424 | - | ||||||||||||
Valuation Allowance | - | - | (3,424 | ) | - | |||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | 44,308 | 27,551 | 16,306 | 15,608 | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | ||||||||||||||||
Total Other Expense | 44,308 | 27,551 | 16,306 | 15,608 | ||||||||||||
Net Income/(Loss) | $ | (44,308 | ) | $ | (27,551 | ) | $ | (16,306 | ) | $ | (15,608 | ) | ||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | (7.02 | ) | $ | (8.76 | ) | $ | (2.47 | ) | $ | (0.68 | ) | ||||
Weighted Average Membership Interests | 6,311 | 3,145 | 6,590 | 23,000 |
See accompanying notes, which are an integral part of these financial statements.
F-128
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#Mahomes Immaculate 1of1 | #Mahomes NT1of1 | #Mahomes NT8.5 | #Mantle1953 Bowman8 Basket | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | - | - | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | - | - | - | - | ||||||||||||
Valuation Allowance | - | - | - | - | ||||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | 112,054 | 1,043,979 | 74,439 | 22,052 | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | ||||||||||||||||
Total Other Expense | 112,054 | 1,043,979 | 74,439 | 22,052 | ||||||||||||
Net Income/(Loss) | $ | (112,054 | ) | $ | (1,043,979 | ) | $ | (74,439 | ) | $ | (22,052 | ) | ||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | (4.94 | ) | $ | (3.13 | ) | $ | (4.49 | ) | $ | (4.16 | ) | ||||
Weighted Average Membership Interests | 22,700 | 333,500 | 16,590 | 5,300 |
See accompanying notes, which are an integral part of these financial statements.
F-129
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#Mantle1953 Topps8 | #Mantle1957 ToppsPSA8.5 | #Mantle1964 Topps9 | #Mantle1965 Topps9 | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | - | - | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | - | - | - | 1,717 | ||||||||||||
Valuation Allowance | - | - | - | (1,717 | ) | |||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | 1,734 | 12,771 | 3,232 | - | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | ||||||||||||||||
Total Other Expense | 1,734 | 12,771 | 3,232 | - | ||||||||||||
Net Income/(Loss) | $ | (1,734 | ) | $ | (12,771 | ) | $ | (3,232 | ) | $ | - | |||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | (0.17 | ) | $ | (2.19 | ) | $ | (0.63 | ) | $ | - | |||||
Weighted Average Membership Interests | 10,350 | 5,830 | 5,115 | 7,950 |
See accompanying notes, which are an integral part of these financial statements.
F-130
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#Mantle1966 ToppsPSA9 Basket | #Mantle1967 Topps9 | #Mantle1968 PSA9Basket | #Mantle1969 Topps9 | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | - | - | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | - | 1,087 | - | - | ||||||||||||
Valuation Allowance | - | (1,087 | ) | - | - | |||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | 2,395 | 5,174 | 17,994 | - | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | ||||||||||||||||
Total Other Expense | 2,395 | 5,174 | 17,994 | - | ||||||||||||
Net Income/(Loss) | $ | (2,395 | ) | $ | (5,174 | ) | $ | (17,994 | ) | $ | - | |||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | (0.26 | ) | $ | (2.41 | ) | $ | (4.73 | ) | $ | - | |||||
Weighted Average Membership Interests | 9,132 | 2,147 | 3,805 | 7,080 |
See accompanying notes, which are an integral part of these financial statements.
F-131
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#Mantle51 BowmanSGC7 | #Mantle DebutStub | #Maris58 ToppsPSA9 | #Mays1956 GrayPSA9 | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | - | - | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | 4,025 | 17,687 | - | - | ||||||||||||
Valuation Allowance | (4,025 | ) | (17,687 | ) | - | - | ||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | 19,167 | 85,724 | 6,896 | 21,757 | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | ||||||||||||||||
Total Other Expense | 19,167 | 85,724 | 6,896 | 21,757 | ||||||||||||
Net Income/(Loss) | $ | (19,167 | ) | $ | (85,724 | ) | $ | (6,896 | ) | $ | (21,757 | ) | ||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | (1.14 | ) | $ | (7.25 | ) | $ | (1.18 | ) | $ | (3.69 | ) | ||||
Weighted Average Membership Interests | 16,769 | 11,825 | 5,869 | 5,900 |
See accompanying notes, which are an integral part of these financial statements.
F-132
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#Messi Megacracks #71PSA9 | #MichaelPorter JrBasket | #Mikan48 BowmanPSA7 | #NTBBall WaxBundle | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | - | - | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | - | - | - | 16,506 | ||||||||||||
Valuation Allowance | - | - | - | (16,506 | ) | |||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | 56,061 | 20,563 | 14,955 | 78,600 | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | ||||||||||||||||
Total Other Expense | 56,061 | 20,563 | 14,955 | 78,600 | ||||||||||||
Net Income/(Loss) | $ | (56,061 | ) | $ | (20,563 | ) | $ | (14,955 | ) | $ | (78,600 | ) | ||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | (6.23 | ) | $ | (3.31 | ) | $ | (1.76 | ) | $ | (5.52 | ) | ||||
Weighted Average Membership Interests | 9,000 | 6,216 | 8,510 | 14,250 |
See accompanying notes, which are an integral part of these financial statements.
F-133
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#NadalNet ProGlossy | #NegroLeague Legendary CutsBasket | #NolanRyan1968 MiltonBradley PSA9 | #NolanRyan1968 ToppsPSA8.5 | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | - | - | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | (84 | ) | - | 8,954 | (53 | ) | ||||||||||
Valuation Allowance | 84 | - | (8,954 | ) | 53 | |||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | - | 59,607 | 45,280 | - | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | - | |||||||||||||||
Total Other Expense | - | 59,607 | 45,280 | - | ||||||||||||
Net Income/(Loss) | $ | - | $ | (59,607 | ) | $ | (45,280 | ) | $ | - | ||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | - | $ | (6.42 | ) | $ | (1.31 | ) | $ | - | ||||||
Weighted Average Membership Interests | 3,065 | 9,280 | 34,500 | 2,485 |
See accompanying notes, which are an integral part of these financial statements.
F-134
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#OVECHKINTHE CUPBGS8.5 | #OZZIESMITH RCBGS9.5 | #Orange Dominguez | #OscarRobertson Cincinnati RoyalsJersey | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | - | - | 35,830 | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | - | - | - | - | ||||||||||||
Valuation Allowance | - | - | - | - | ||||||||||||
Total Other Income | - | - | - | 35,830 | ||||||||||||
Impairment Loss on Series | - | 54,009 | 18,566 | - | ||||||||||||
Income Tax Expense Current Year | - | - | - | 9,414 | ||||||||||||
Other Expense | ||||||||||||||||
Total Other Expense | - | 54,009 | 18,566 | 9,414 | ||||||||||||
Net Income/(Loss) | $ | - | $ | (54,009 | ) | $ | (18,566 | ) | $ | 26,416 | ||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | - | $ | (7.23 | ) | $ | (4.83 | ) | $ | 0.46 | ||||||
Weighted Average Membership Interests | 4,225 | 7,471 | 3,840 | 57,200 |
See accompanying notes, which are an integral part of these financial statements.
F-135
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#OttoGraham 1950Bowman PSA9 | #OvechkinSPAuth Basket9.5 | #OvechkinThe CupBGS GemMint9.5 | #PaulMolitor 1978Topps PSA10 | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | 26,133 | - | - | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | - | 1,359 | 30,611 | 3,193 | ||||||||||||
Valuation Allowance | - | (1,359 | ) | (30,611 | ) | (3,193 | ) | |||||||||
Total Other Income | 26,133 | - | - | - | ||||||||||||
Impairment Loss on Series | - | 6,471 | 145,769 | 18,936 | ||||||||||||
Income Tax Expense Current Year | 5,488 | - | - | - | ||||||||||||
Other Expense | ||||||||||||||||
Total Other Expense | 5,488 | 6,471 | 145,769 | 18,936 | ||||||||||||
Net Income/(Loss) | $ | 20,645 | $ | (6,471 | ) | $ | (145,769 | ) | $ | (18,936 | ) | |||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | 4.50 | $ | (2.00 | ) | $ | (3.11 | ) | $ | (1.75 | ) | |||||
Weighted Average Membership Interests | 4,589 | 3,238 | 46,850 | 10,798 |
See accompanying notes, which are an integral part of these financial statements.
F-136
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#PaulPierce 2010ASG Jersey | #Pele1958 Americana PSA3 | #Peyton Manning MVPHelmet | #RICKEY HENDER SONRCPSA10 | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | - | - | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | - | 10,398 | - | - | ||||||||||||
Valuation Allowance | - | (10,398 | ) | - | - | |||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | 26,336 | 49,513 | 18,775 | 58,665 | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | ||||||||||||||||
Total Other Expense | 26,336 | 49,513 | 18,775 | 58,665 | ||||||||||||
Net Income/(Loss) | $ | (26,336 | ) | $ | (49,513 | ) | $ | (18,775 | ) | $ | (58,665 | ) | ||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | (4.19 | ) | $ | (3.91 | ) | $ | (0.49 | ) | $ | (3.85 | ) | ||||
Weighted Average Membership Interests | 6,290 | 12,674 | 38,004 | 15,220 |
See accompanying notes, which are an integral part of these financial statements.
F-137
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#RODGERS PLAYOFF CONTENDERS GREEN | #RONALDO2002 PANINIFUTEBOL STICKER SPSA10 | #RONALDO2003 PANINIME GACRAQUES PSA10 | #RUTHGEHRIG BALL | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | - | - | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | - | 9,943 | 34,120 | - | ||||||||||||
Valuation Allowance | - | (9,943 | ) | (34,120 | ) | - | ||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | - | 49,849 | 170,975 | - | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | ||||||||||||||||
Total Other Expense | - | 49,849 | 170,975 | - | ||||||||||||
Net Income/(Loss) | $ | - | $ | (49,849 | ) | $ | (170,975 | ) | $ | - | ||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | - | $ | (4.32 | ) | $ | (5.25 | ) | $ | - | ||||||
Weighted Average Membership Interests | 4,188 | 11,550 | 32,559 | 2,035 |
See accompanying notes, which are an integral part of these financial statements.
F-138
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#Ripken RookieJersey& CardBasket | #RoyCampanella 1949Bowman PSA9 | #Ruth1914 Baltimore NewsSGC3 | #Ruth33Goudey SGC8 | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | - | - | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | 7,375 | 4,851 | - | - | ||||||||||||
Valuation Allowance | (7,375 | ) | (4,851 | ) | - | - | ||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | 35,470 | 23,100 | - | - | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | ||||||||||||||||
Total Other Expense | 35,470 | 23,100 | - | - | ||||||||||||
Net Income/(Loss) | $ | (35,470 | ) | $ | (23,100 | ) | $ | - | $ | - | ||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | (2.23 | ) | $ | (3.75 | ) | $ | - | $ | - | ||||||
Weighted Average Membership Interests | 15,940 | 6,160 | 21,980 | 14,225 |
See accompanying notes, which are an integral part of these financial statements.
F-139
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#Sadaharu OhBat | #SandyKoufax 1956ToppsGray BackPSA9 | #Satchel Paige48 LeafSGC30 | #SeagerOrange Refractor Basket | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | - | - | (11,100 | ) | |||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | - | 1,038 | - | |||||||||||||
Valuation Allowance | - | (1,038 | ) | - | ||||||||||||
Total Other Income | - | - | - | (11,100 | ) | |||||||||||
Impairment Loss on Series | 5,780 | 4,945 | 12,193 | - | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | ||||||||||||||||
Total Other Expense | 5,780 | 4,945 | 12,193 | - | ||||||||||||
Net Income/(Loss) | $ | (5,780 | ) | $ | (4,945 | ) | $ | (12,193 | ) | $ | (11,100 | ) | ||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | (1.12 | ) | $ | (1.37 | ) | $ | (1.65 | ) | $ | (6.58 | ) | ||||
Weighted Average Membership Interests | 5,170 | 3,609 | 7,410 | 1,688 |
See accompanying notes, which are an integral part of these financial statements.
F-140
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#Serena03 NetProPSA10 Basket | #Shoeless JoeJackson 1915PSA8 | #StephCurry Sneakers | #TATIS BLACKLABEL | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | - | - | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | - | 11,354 | - | - | ||||||||||||
Valuation Allowance | - | (11,354 | ) | - | - | |||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | - | 54,066 | - | 154,336 | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | ||||||||||||||||
Total Other Expense | - | 54,066 | - | 154,336 | ||||||||||||
Net Income/(Loss) | $ | - | $ | (54,066 | ) | $ | - | $ | (154,336 | ) | ||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | - | $ | (5.41 | ) | $ | - | $ | (6.92 | ) | ||||||
Weighted Average Membership Interests | 3,760 | 9,995 | 8,200 | 22,300 |
See accompanying notes, which are an integral part of these financial statements.
F-141
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#TATUMFLAWLE SS10 | #TED WILLIAMS1939 PLAYBALL | #TIGER PUTTER | #TIGERS IFORKIDS | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | 54,580 | - | - | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | - | - | - | - | ||||||||||||
Valuation Allowance | - | - | - | - | ||||||||||||
Total Other Income | 54,580 | - | - | - | ||||||||||||
Impairment Loss on Series | - | - | - | - | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | ||||||||||||||||
Total Other Expense | - | - | - | - | ||||||||||||
Net Income/(Loss) | $ | 54,580 | $ | - | $ | - | $ | - | ||||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | 11.47 | $ | - | $ | - | $ | - | ||||||||
Weighted Average Membership Interests | 4,760 | 3,396 | 21,586 | 2,490 |
See accompanying notes, which are an integral part of these financial statements.
F-142
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#TIGERS PAUTHENTIC BGS9.5 | #TRAEYOUNG FLAWLESS BGS9 | #TYSONRC BGS9 BASKET | #Tatum Flawless GoldBGS9.5 | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | - | - | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | - | - | - | 3,441 | ||||||||||||
Valuation Allowance | - | - | - | (3,441 | ) | |||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | 21,189 | 8,253 | 41,308 | 16,885 | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | ||||||||||||||||
Total Other Expense | 21,189 | 8,253 | 41,308 | 16,885 | ||||||||||||
Net Income/(Loss) | $ | (21,189 | ) | $ | (8,253 | ) | $ | (41,308 | ) | $ | (16,885 | ) | ||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | (5.74 | ) | $ | (5.21 | ) | $ | (7.01 | ) | $ | (3.02 | ) | ||||
Weighted Average Membership Interests | 3,690 | 1,584 | 5,890 | 5,600 |
See accompanying notes, which are an integral part of these financial statements.
F-143
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#TheRock Bumble BeePSA10 | #Tiger1st EventStub | #TigerWoods DebutTicket | #TimDuncan PMGGreen | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | - | - | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | - | 13,642 | 9,354 | - | ||||||||||||
Valuation Allowance | - | (13,642 | ) | (9,354 | ) | - | ||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | 26,665 | 65,762 | 44,543 | - | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | ||||||||||||||||
Total Other Expense | 26,665 | 65,762 | 44,543 | - | ||||||||||||
Net Income/(Loss) | $ | (26,665 | ) | $ | (65,762 | ) | $ | (44,543 | ) | $ | - | |||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | (2.77 | ) | $ | (6.93 | ) | $ | (5.34 | ) | $ | - | |||||
Weighted Average Membership Interests | 9,640 | 9,495 | 8,340 | 45,500 |
See accompanying notes, which are an integral part of these financial statements.
F-144
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#TraeYoung FlawlessGreen BGS9 | #Trevor Lawrence LeafBasket | #TroutFinest Superfractor | #UNITAS1965 JERSEY | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | - | - | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | - | - | - | - | ||||||||||||
Valuation Allowance | - | - | - | - | ||||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | 8,965 | 6,721 | 166,772 | - | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | ||||||||||||||||
Total Other Expense | 8,965 | 6,721 | 166,772 | - | ||||||||||||
Net Income/(Loss) | $ | (8,965 | ) | $ | (6,721 | ) | $ | (166,772 | ) | $ | - | |||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | (3.53 | ) | $ | (3.00 | ) | $ | (5.90 | ) | $ | - | |||||
Weighted Average Membership Interests | 2,540 | 2,240 | 28,250 | 16,700 |
See accompanying notes, which are an integral part of these financial statements.
F-145
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#Unitas PSA8 | #WILTCHAM BERLAIN 61PSA9 | #WarrenSpahn 1948Leaf PSA9 | #WiltChamberlain 1961Fleer RCPSA9 | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | - | - | - | - | ||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | - | - | 8,676 | 13,989 | ||||||||||||
Valuation Allowance | - | - | (8,676 | ) | (13,989 | ) | ||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | 8,605 | - | 41,314 | 66,616 | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | ||||||||||||||||
Total Other Expense | 8,605 | - | 41,314 | 66,616 | ||||||||||||
Net Income/(Loss) | $ | (8,605 | ) | $ | - | $ | (41,314 | ) | $ | (66,616 | ) | |||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | (1.92 | ) | $ | - | $ | (4.45 | ) | $ | (1.87 | ) | |||||
Weighted Average Membership Interests | 4,480 | 20,740 | 9,275 | 35,600 |
See accompanying notes, which are an integral part of these financial statements.
F-146
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
#YASTRZE MSKIRC9 BASKET | #YaoDuncan DirkTriple Logoman | #ZIONR PABGS9 | #ZionPrizms BlueBGS10 | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Gain/(Loss) on Sale of Assets | (3,874 | ) | - | - | - | |||||||||||
Interest Income | - | - | - | - | ||||||||||||
Deferred Tax Benefit | - | 23,866 | - | - | ||||||||||||
Valuation Allowance | - | (23,866 | ) | - | - | |||||||||||
Total Other Income | (3,874 | ) | - | - | - | |||||||||||
Impairment Loss on Series | - | 118,648 | 57,646 | 20,318 | ||||||||||||
Income Tax Expense Current Year | - | - | - | - | ||||||||||||
Other Expense | ||||||||||||||||
Total Other Expense | - | 118,648 | 57,646 | 20,318 | ||||||||||||
Net Income/(Loss) | $ | (3,874 | ) | $ | (118,648 | ) | $ | (57,646 | ) | $ | (20,318 | ) | ||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | (0.92 | ) | $ | (3.47 | ) | $ | (8.62 | ) | $ | (3.22 | ) | ||||
Weighted Average Membership Interests | 4,197 | 34,200 | 6,686 | 6,312 |
See accompanying notes, which are an integral part of these financial statements.
F-147
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2022
CSA | Consolidated | |||||||
Operating Expenses | ||||||||
Bank Fees | $ | 191 | $ | 191 | ||||
Total Operating Expenses | (191 | ) | (191 | ) | ||||
Other Income | ||||||||
Gain/(Loss) on Sale of Assets | - | 409,389 | ||||||
Interest Income | 19 | 19 | ||||||
Deferred Tax Benefit | - | 707,573 | ||||||
Valuation Allowance | - | (707,573 | ) | |||||
Total Other Income | 19 | 409,409 | ||||||
Impairment Loss on Series | - | 13,001,234 | ||||||
Income Tax Expense Current Year | - | 21,353 | ||||||
Other Expense | ||||||||
Total Other Expense | - | 13,022,587 | ||||||
Net Income/(Loss) | $ | (171 | ) | $ | (12,613,369 | ) | ||
Basic and Diluted Income/(Loss) per Membership Interest | $ | - | ||||||
Weighted Average Membership Interests | - |
See accompanying notes, which are an integral part of these financial statements.
F-148
COLLECTABLE SPORTS ASSETS, LLC
STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2021
#03Exquisite | #03Topps | #18-19BASKET | #1909E95 | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Gain on Sale of Assets | - | - | - | - | ||||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | - | - | - | - | ||||||||||||
Other Expense | - | - | - | - | ||||||||||||
Total Other Expense | - | - | - | - | ||||||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
EARNINGS PER MEMBER INTEREST | ||||||||||||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | - | $ | - | $ | - | $ | - | ||||||||
Weighted Average Membership Interests | 8,475 | 2,435 | 2,236 | 7,410 |
See accompanying notes, which are an integral part of these financial statements.
F-149
COLLECTABLE SPORTS ASSETS, LLC
STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2021
#1964KOUFAX | #1969TOPPS | #1986WAX | #2000PLAYOFF | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Gain on Sale of Assets | - | - | - | - | ||||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | - | - | - | - | ||||||||||||
Other Expense | - | - | - | - | ||||||||||||
Total Other Expense | - | - | - | - | ||||||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
EARNINGS PER MEMBER INTEREST | ||||||||||||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | - | $ | - | $ | - | $ | - | ||||||||
Weighted Average Membership Interests | 43,850 | 6,102 | 7,770 | 2,465 |
See accompanying notes, which are an integral part of these financial statements.
F-150
COLLECTABLE SPORTS ASSETS, LLC
STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2021
#48LeafRuth | #AARON1954 | #ACUNA | #ALIWBC | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Gain on Sale of Assets | - | - | - | - | ||||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | - | - | - | - | ||||||||||||
Other Expense | - | - | - | - | ||||||||||||
Total Other Expense | - | - | - | - | ||||||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
EARNINGS PER MEMBER INTEREST | ||||||||||||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | - | $ | - | $ | - | $ | - | ||||||||
Weighted Average Membership Interests | 10,850 | 12,440 | 5,501 | 43,200 |
See accompanying notes, which are an integral part of these financial statements.
F-151
COLLECTABLE SPORTS ASSETS, LLC
STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2021
#ANDRE&HULK WRESTLING BASKET | #ANDRETHE GIANT | #Acuna Bowman10 Basket | #AliRookie CardBVG8 | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Gain on Sale of Assets | - | - | - | - | ||||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | - | - | - | - | ||||||||||||
Other Expense | - | - | - | - | ||||||||||||
Total Other Expense | - | - | - | - | ||||||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
EARNINGS PER MEMBER INTEREST | ||||||||||||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | - | $ | - | $ | - | $ | - | ||||||||
Weighted Average Membership Interests | 12,644 | 2,972 | 10,350 | 6,070 |
See accompanying notes, which are an integral part of these financial statements.
F-152
COLLECTABLE SPORTS ASSETS, LLC
STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2021
#BANKS1954 PSA9 | #BETTSGOLD REFRACTOR BASKET | #BRADY PLAYOFF CONTENDERS BASKET | #BRADY REEBOK FLAWLESS | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Gain on Sale of Assets | - | - | - | 23,436.00 | ||||||||||||
Total Other Income | - | - | - | 23,436.00 | ||||||||||||
Impairment Loss on Series | - | - | - | - | ||||||||||||
Other Expense | - | - | - | - | ||||||||||||
Total Other Expense | - | - | - | - | ||||||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | 23,436.00 | ||||||||
EARNINGS PER MEMBER INTEREST | ||||||||||||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | - | $ | - | $ | - | $ | 5.73 | ||||||||
Weighted Average Membership Interests | 3,677 | 6,424 | 18,660 | 4,087 |
See accompanying notes, which are an integral part of these financial statements.
F-153
COLLECTABLE SPORTS ASSETS, LLC
STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2021
#BRADY ROOKIE | #BettsBlue Refractor Basket | #Brady Bowman10 | #Brady Championship Ticket | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Gain on Sale of Assets | - | - | - | - | ||||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | - | - | - | - | ||||||||||||
Other Expense | - | - | - | - | ||||||||||||
Total Other Expense | - | - | - | - | ||||||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
EARNINGS PER MEMBER INTEREST | ||||||||||||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | - | $ | - | $ | - | $ | - | ||||||||
Weighted Average Membership Interests | 5,971 | 3,385 | 3,140 | 231,200 |
See accompanying notes, which are an integral part of these financial statements.
F-154
COLLECTABLE SPORTS ASSETS, LLC
STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2021
#CHAMBER LAINHS UNIFORM | #CHAMBER LAINPHILA JERSEY59-60 | #CLEMENTE 1955PSA8 | #CLEMENTE WHITE&GRAY BASKET | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Gain on Sale of Assets | - | - | - | - | ||||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | - | - | - | 20,447.55 | ||||||||||||
Other Expense | - | - | - | - | ||||||||||||
Total Other Expense | - | - | - | 20,447.55 | ||||||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | (20,447.55 | ) | |||||||
EARNINGS PER MEMBER INTEREST | ||||||||||||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | - | $ | - | $ | - | $ | (1.78 | ) | |||||||
Weighted Average Membership Interests | 13,000 | 133,500 | 8,400 | 11,475 |
See accompanying notes, which are an integral part of these financial statements.
F-155
COLLECTABLE SPORTS ASSETS, LLC
STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2021
#COBB MINTE98 | #COBB VINTAGET 206PHOTO | #CROSBYTHE CUPBASKET | #CURRY BASKET | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Gain on Sale of Assets | - | - | - | - | ||||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | - | - | - | - | ||||||||||||
Other Expense | - | - | - | - | ||||||||||||
Total Other Expense | - | - | - | - | ||||||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
EARNINGS PER MEMBER INTEREST | ||||||||||||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | - | $ | - | $ | - | $ | - | ||||||||
Weighted Average Membership Interests | 30,950 | 5,426 | 21,270 | - |
See accompanying notes, which are an integral part of these financial statements.
F-156
COLLECTABLE SPORTS ASSETS, LLC
STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2021
#CURRYRPA BGS9.5 | #Chicago BullsDynasty Hardwood | #ChrisBosh GameWorn Raptors Sneakers | #Clemente 65-68Bat | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Gain on Sale of Assets | 280,510.00 | - | - | - | ||||||||||||
Total Other Income | 280,510.00 | - | - | - | ||||||||||||
Impairment Loss on Series | - | - | - | - | ||||||||||||
Other Expense | - | - | - | - | ||||||||||||
Total Other Expense | - | - | - | - | ||||||||||||
Net Income/(Loss) | $ | 280,510.00 | $ | - | $ | - | $ | - | ||||||||
EARNINGS PER MEMBER INTEREST | ||||||||||||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | 5.59 | $ | - | $ | - | $ | - | ||||||||
Weighted Average Membership Interests | 50,150 | 73,250 | 3,630 | 6,345 |
See accompanying notes, which are an integral part of these financial statements.
F-157
COLLECTABLE SPORTS ASSETS, LLC
STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2021
#Cristiano Ronaldo RC1of1 | #DIMAGGIO 1933BAT | #DONCIC BLUEPSA10 | #DURANT CHROME REFRACTOR PSA10 | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Gain on Sale of Assets | - | - | - | - | ||||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | - | - | - | - | ||||||||||||
Other Expense | - | - | - | - | ||||||||||||
Total Other Expense | - | - | - | - | ||||||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
EARNINGS PER MEMBER INTEREST | ||||||||||||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | - | $ | - | $ | - | $ | - | ||||||||
Weighted Average Membership Interests | 53,250 | 9,755 | 6,470 | 1,310 |
See accompanying notes, which are an integral part of these financial statements.
F-158
COLLECTABLE SPORTS ASSETS, LLC
STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2021
#DWADE ULTIMATE | #Devers Super fractor | #Donovan MitchellNT9.5 | #ELWAY1984 ROOKIECARD PSA10BASKET | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Gain on Sale of Assets | - | 43,780.00 | - | - | ||||||||||||
Total Other Income | - | 43,780.00 | - | - | ||||||||||||
Impairment Loss on Series | - | - | - | - | ||||||||||||
Other Expense | - | - | - | - | ||||||||||||
Total Other Expense | - | - | - | - | ||||||||||||
Net Income/(Loss) | $ | - | $ | 43,780.00 | $ | - | $ | - | ||||||||
EARNINGS PER MEMBER INTEREST | ||||||||||||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | - | $ | 11.77 | $ | - | $ | - | ||||||||
Weighted Average Membership Interests | 4,409 | 3,720 | 3,125 | 3,125 |
See accompanying notes, which are an integral part of these financial statements.
F-159
COLLECTABLE SPORTS ASSETS, LLC
STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2021
#EMMITT SMITH10K JERSEY | #EMMITT SMITHMVP BASKET | #EddiePlank T206PSA4 | #Erling Haaland PSA10Basket | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Gain on Sale of Assets | - | - | - | - | ||||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | - | 24,283.49 | - | - | ||||||||||||
Other Expense | - | - | - | - | ||||||||||||
Total Other Expense | - | 24,283.49 | - | - | ||||||||||||
Net Income/(Loss) | $ | - | $ | (24,283.49 | ) | $ | - | $ | - | |||||||
EARNINGS PER MEMBER INTEREST | ||||||||||||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | - | $ | (4.15 | ) | $ | - | $ | - | |||||||
Weighted Average Membership Interests | 6,050 | 5,850 | 63,640 | 1,456 |
See accompanying notes, which are an integral part of these financial statements.
F-160
COLLECTABLE SPORTS ASSETS, LLC
STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2021
#FRANK ROBINSON 1957 PSA9BASKET | #FRANK ROBINSON 500HRBAT | #GIANNIS GOLD IMMACULATE | #GIANNIS RPA | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Gain on Sale of Assets | - | 27,570.80 | - | - | ||||||||||||
Total Other Income | - | 27,570.80 | - | - | ||||||||||||
Impairment Loss on Series | - | - | - | - | ||||||||||||
Other Expense | - | - | - | - | ||||||||||||
Total Other Expense | - | - | - | - | ||||||||||||
Net Income/(Loss) | $ | - | $ | 27,570.80 | $ | - | $ | - | ||||||||
EARNINGS PER MEMBER INTEREST | ||||||||||||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | - | $ | 1.58 | $ | - | $ | - | ||||||||
Weighted Average Membership Interests | 7,878 | 17,450 | 5,120 | 11,898 |
See accompanying notes, which are an integral part of these financial statements.
F-161
COLLECTABLE SPORTS ASSETS, LLC
STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2021
#GLEY BERTOR RESO RANGE9.5 | #GRETZKYO PEECHEE1979 | #Gary Carter1975 PSA10Basket | #Giannis48 PointGame Sneakers | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Gain on Sale of Assets | - | - | - | - | ||||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | 668.72 | - | - | - | ||||||||||||
Other Expense | - | - | - | - | ||||||||||||
Total Other Expense | 668.72 | - | - | - | ||||||||||||
Net Income/(Loss) | $ | (668.72 | ) | $ | - | $ | - | $ | - | |||||||
EARNINGS PER MEMBER INTEREST | ||||||||||||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | (0.30 | ) | $ | - | $ | - | $ | - | |||||||
Weighted Average Membership Interests | 2,194 | 7,078 | 3,900 | 5,240 |
See accompanying notes, which are an integral part of these financial statements.
F-162
COLLECTABLE SPORTS ASSETS, LLC
STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2021
#MLBHALLOF | #JACKIE | #JETER | #JORDAN85 | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Gain on Sale of Assets | - | - | - | 63,982.00 | ||||||||||||
Total Other Income | - | - | - | 63,982.00 | ||||||||||||
Impairment Loss on Series | - | - | 29,977.93 | - | ||||||||||||
Other Expense | - | - | - | - | ||||||||||||
Total Other Expense | - | - | 29,977.93 | - | ||||||||||||
Net Income/(Loss) | $ | - | $ | - | $ | (29,977.93 | ) | $ | 63,982.00 | |||||||
EARNINGS PER MEMBER INTEREST | ||||||||||||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | - | $ | - | $ | (2.90 | ) | $ | 4.52 | |||||||
Weighted Average Membership Interests | 30,840 | 1,817 | 10,335 | 14,153 |
See accompanying notes, which are an integral part of these financial statements.
F-163
COLLECTABLE SPORTS ASSETS, LLC
STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2021
#JORDAN | #JORDAN | #JORDAN | #JORDAN | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Gain on Sale of Assets | - | - | - | - | ||||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | - | - | - | 10,271.22 | ||||||||||||
Other Expense | - | - | - | - | ||||||||||||
Total Other Expense | - | - | - | 10,271.22 | ||||||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | (10,271.22 | ) | |||||||
EARNINGS PER MEMBER INTEREST | ||||||||||||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | - | $ | - | $ | - | $ | (1.94 | ) | |||||||
Weighted Average Membership Interests | 8,130 | 10,087 | 24,650 | 5,290 |
See accompanying notes, which are an integral part of these financial statements.
F-164
COLLECTABLE SPORTS ASSETS, LLC
STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2021
#Jackie | #Jackie | #Jackie | #JimmieFoxx | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Gain on Sale of Assets | - | - | - | - | ||||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | - | - | - | - | ||||||||||||
Other Expense | - | - | - | - | ||||||||||||
Total Other Expense | - | - | - | - | ||||||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
EARNINGS PER MEMBER INTEREST | ||||||||||||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | - | $ | - | $ | - | $ | - | ||||||||
Weighted Average Membership Interests | 8,440 | 57,605 | 7,400 | 9,860 |
See accompanying notes, which are an integral part of these financial statements.
F-165
COLLECTABLE SPORTS ASSETS, LLC
STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2021
#Jokic | #Jordan | #Jordan | #Jordan | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Gain on Sale of Assets | - | - | - | - | ||||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | - | - | - | - | ||||||||||||
Other Expense | - | - | - | - | ||||||||||||
Total Other Expense | - | - | - | - | ||||||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
EARNINGS PER MEMBER INTEREST | ||||||||||||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | - | $ | - | $ | - | $ | - | ||||||||
Weighted Average Membership Interests | 2,411 | 8,675 | 17,100 | 25,690 |
See accompanying notes, which are an integral part of these financial statements.
F-166
COLLECTABLE SPORTS ASSETS, LLC
STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2021
#JoshAllen | #Justin | #KAWHI | #KOBE | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Gain on Sale of Assets | - | - | - | - | ||||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | - | - | 11,131.20 | - | ||||||||||||
Other Expense | - | - | - | - | ||||||||||||
Total Other Expense | - | - | 11,131.20 | - | ||||||||||||
Net Income/(Loss) | $ | - | $ | - | $ | (11,131.20 | ) | $ | - | |||||||
EARNINGS PER MEMBER INTEREST | ||||||||||||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | - | $ | - | $ | (4.66 | ) | $ | - | |||||||
Weighted Average Membership Interests | 3,125 | 12,970 | 2,387 | 11,500 |
See accompanying notes, which are an integral part of these financial statements.
F-167
COLLECTABLE SPORTS ASSETS, LLC
STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2021
#KOUFAX1955 | #KOUFAX55 | #Kevin | #KobeBryant | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Gain on Sale of Assets | 64,620.00 | - | - | - | ||||||||||||
Total Other Income | 64,620.00 | - | - | - | ||||||||||||
Impairment Loss on Series | - | - | - | - | ||||||||||||
Other Expense | - | - | - | - | ||||||||||||
Total Other Expense | - | - | - | - | ||||||||||||
Net Income/(Loss) | $ | 64,620.00 | $ | - | $ | - | $ | - | ||||||||
EARNINGS PER MEMBER INTEREST | ||||||||||||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | 17.04 | $ | - | $ | - | $ | - | ||||||||
Weighted Average Membership Interests | 3,792 | 49,750 | 22,700 | 142,140 |
See accompanying notes, which are an integral part of these financial statements.
F-168
COLLECTABLE SPORTS ASSETS, LLC
STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2021
#KobeBryant | #KobeBryant | #KobeFinal | #LBJ | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Gain on Sale of Assets | - | - | - | - | ||||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | - | - | - | - | ||||||||||||
Other Expense | - | - | - | - | ||||||||||||
Total Other Expense | - | - | - | - | ||||||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
EARNINGS PER MEMBER INTEREST | ||||||||||||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | - | $ | - | $ | - | $ | - | ||||||||
Weighted Average Membership Interests | 13,800 | 9,300 | 6,480 | 138,750 |
See accompanying notes, which are an integral part of these financial statements.
F-169
COLLECTABLE SPORTS ASSETS, LLC
STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2021
#LEBRON | #LEBRON | #LEBRON | #LEBRON | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Gain on Sale of Assets | - | - | - | - | ||||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | - | - | - | - | ||||||||||||
Other Expense | - | - | - | - | ||||||||||||
Total Other Expense | - | - | - | - | ||||||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
EARNINGS PER MEMBER INTEREST | ||||||||||||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | - | $ | - | $ | - | $ | - | ||||||||
Weighted Average Membership Interests | 13,605 | 11,050 | 37,912 | 2,034 |
See accompanying notes, which are an integral part of these financial statements.
F-170
COLLECTABLE SPORTS ASSETS, LLC
STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2021
#LEBRON | #LeBron | #LeBron | #LeBron | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Gain on Sale of Assets | - | - | - | - | ||||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | - | - | - | - | ||||||||||||
Other Expense | - | - | - | - | ||||||||||||
Total Other Expense | - | - | - | - | ||||||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
EARNINGS PER MEMBER INTEREST | ||||||||||||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | - | $ | - | $ | - | $ | - | ||||||||
Weighted Average Membership Interests | 18,595 | 15,750 | 61,950 | 111,000 |
See accompanying notes, which are an integral part of these financial statements.
F-171
COLLECTABLE SPORTS ASSETS, LLC
STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2021
#Luka | #Luka | #MAGIC | #MAGIC | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Gain on Sale of Assets | - | - | 368,580.00 | - | ||||||||||||
Total Other Income | - | - | 368,580.00 | - | ||||||||||||
Impairment Loss on Series | - | - | - | - | ||||||||||||
Other Expense | - | - | - | - | ||||||||||||
Total Other Expense | - | - | - | - | ||||||||||||
Net Income/(Loss) | $ | - | $ | - | $ | 368,580.00 | $ | - | ||||||||
EARNINGS PER MEMBER INTEREST | ||||||||||||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | - | $ | - | $ | 82.99 | $ | - | ||||||||
Weighted Average Membership Interests | 52,225 | 72,100 | 4,441 | 2,816 |
See accompanying notes, which are an integral part of these financial statements.
F-172
COLLECTABLE SPORTS ASSETS, LLC
STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2021
#MAGICBIRD | #MAHOMES | #MAHOMES | #MANTLE | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Gain on Sale of Assets | - | - | - | - | ||||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | - | - | - | - | ||||||||||||
Other Expense | - | - | - | - | ||||||||||||
Total Other Expense | - | - | - | - | ||||||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
EARNINGS PER MEMBER INTEREST | ||||||||||||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | - | $ | - | $ | - | $ | - | ||||||||
Weighted Average Membership Interests | 51,280 | 4,117 | - | 1,040 |
See accompanying notes, which are an integral part of these financial statements.
F-173
COLLECTABLE SPORTS ASSETS, LLC
STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2021
#MANTLE | #MANTLE | #MANTLE1960 | #MANTLE54 | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Gain on Sale of Assets | - | - | - | - | ||||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | - | - | - | - | ||||||||||||
Other Expense | - | - | - | - | ||||||||||||
Total Other Expense | - | - | - | - | ||||||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
EARNINGS PER MEMBER INTEREST | ||||||||||||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | - | $ | - | $ | - | $ | - | ||||||||
Weighted Average Membership Interests | 49,880 | 5,935 | 4,227 | 5,320 |
See accompanying notes, which are an integral part of these financial statements.
F-174
COLLECTABLE SPORTS ASSETS, LLC
STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2021
#MANTLE | #MARINO | #MAYS1951 | #MAYS1951 | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Gain on Sale of Assets | 612,000.00 | - | - | 13,856.00 | ||||||||||||
Total Other Income | 612,000.00 | - | - | 13,856.00 | ||||||||||||
Impairment Loss on Series | - | - | - | - | ||||||||||||
Other Expense | - | - | - | - | ||||||||||||
Total Other Expense | - | - | - | - | ||||||||||||
Net Income/(Loss) | $ | 612,000.00 | $ | - | $ | - | $ | 13,856.00 | ||||||||
EARNINGS PER MEMBER INTEREST | ||||||||||||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | 6.12 | $ | - | $ | - | $ | 2.60 | ||||||||
Weighted Average Membership Interests | 100,000 | 5,194 | 10,500 | 5,321 |
See accompanying notes, which are an integral part of these financial statements.
F-175
COLLECTABLE SPORTS ASSETS, LLC
STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2021
#MAYS1952 | #MAYS | #MAYS1960 | #MAY | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Gain on Sale of Assets | - | - | - | - | ||||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | - | - | - | - | ||||||||||||
Other Expense | - | - | - | - | ||||||||||||
Total Other Expense | - | - | - | - | ||||||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
EARNINGS PER MEMBER INTEREST | ||||||||||||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | - | $ | - | $ | - | $ | - | ||||||||
Weighted Average Membership Interests | 25,275 | 5,091 | 9,633 | 5,254 |
See accompanying notes, which are an integral part of these financial statements.
F-176
COLLECTABLE SPORTS ASSETS, LLC
STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2021
#MESSI | #MIKANRC | #MONTANA | #MOOKIE | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Gain on Sale of Assets | - | - | - | - | ||||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | 17,741.25 | - | - | - | ||||||||||||
Other Expense | - | - | - | - | ||||||||||||
Total Other Expense | 17,741.25 | - | - | - | ||||||||||||
Net Income/(Loss) | $ | (17,741.25 | ) | $ | - | $ | - | $ | - | |||||||
EARNINGS PER MEMBER INTEREST | ||||||||||||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | (1.88 | ) | $ | - | $ | - | $ | - | |||||||
Weighted Average Membership Interests | 9,446 | 5,750 | 6,732 | 6,311 |
See accompanying notes, which are an integral part of these financial statements.
F-177
COLLECTABLE SPORTS ASSETS, LLC
STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2021
#MPJ | #Mahomes | #Mahomes | #Mahomes | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Gain on Sale of Assets | - | - | - | - | ||||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | - | - | - | - | ||||||||||||
Other Expense | - | - | - | - | ||||||||||||
Total Other Expense | - | - | - | - | ||||||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
EARNINGS PER MEMBER INTEREST | ||||||||||||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | - | $ | - | $ | - | $ | - | ||||||||
Weighted Average Membership Interests | 3,145 | 23,000 | 22,700 | 333,500 |
See accompanying notes, which are an integral part of these financial statements.
F-178
COLLECTABLE SPORTS ASSETS, LLC
STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2021
#Mahomes | #Mantle1953 | #Mantle1953 | #Mantle1957 | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Gain on Sale of Assets | - | - | - | - | ||||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | �� | 32,641.05 | - | - | - | |||||||||||
Other Expense | - | - | - | - | ||||||||||||
Total Other Expense | 32,641.05 | - | - | - | ||||||||||||
Net Income/(Loss) | $ | (32,641.05 | ) | $ | - | $ | - | $ | - | |||||||
EARNINGS PER MEMBER INTEREST | ||||||||||||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | (1.97 | ) | $ | - | $ | - | $ | - | |||||||
Weighted Average Membership Interests | 16,590 | 5,300 | 10,350 | 5,830 |
See accompanying notes, which are an integral part of these financial statements.
F-179
COLLECTABLE SPORTS ASSETS, LLC
STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2021
#Mantle1964 | #Mantle1966 | #Mantle1968 | #Maris58 | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Gain on Sale of Assets | - | - | - | - | ||||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | - | - | - | - | ||||||||||||
Other Expense | - | - | - | - | ||||||||||||
Total Other Expense | - | - | - | - | ||||||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
EARNINGS PER MEMBER INTEREST | ||||||||||||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | - | $ | - | $ | - | $ | - | ||||||||
Weighted Average Membership Interests | 5,115 | 9,132 | 3,805 | 5,869 |
See accompanying notes, which are an integral part of these financial statements.
F-180
COLLECTABLE SPORTS ASSETS, LLC
STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2021
#Mays1956 | #MessiMega | #Michael | #Mikan48 | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Gain on Sale of Assets | - | - | - | - | ||||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | - | - | - | - | ||||||||||||
Other Expense | - | - | - | - | ||||||||||||
Total Other Expense | - | - | - | - | ||||||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
EARNINGS PER MEMBER INTEREST | ||||||||||||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | - | $ | - | $ | - | $ | - | ||||||||
Weighted Average Membership Interests | 5,900 | 9,000 | 6,216 | 8,510 |
See accompanying notes, which are an integral part of these financial statements.
F-181
COLLECTABLE SPORTS ASSETS, LLC
STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2021
#Negro | #OVECHKIN | #OZZIE | #Orange | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Gain on Sale of Assets | - | 14,890.00 | - | - | ||||||||||||
Total Other Income | - | 14,890.00 | - | - | ||||||||||||
Impairment Loss on Series | - | - | - | - | ||||||||||||
Other Expense | - | - | - | - | ||||||||||||
Total Other Expense | - | - | - | - | ||||||||||||
Net Income/(Loss) | $ | - | $ | 14,890.00 | $ | - | $ | - | ||||||||
EARNINGS PER MEMBER INTEREST | ||||||||||||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | - | $ | 3.52 | $ | - | $ | - | ||||||||
Weighted Average Membership Interests | 9,280 | 4,225 | 7,471 | 3,840 |
See accompanying notes, which are an integral part of these financial statements.
F-182
COLLECTABLE SPORTS ASSETS, LLC
STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2021
#PaulPierce | #Peyton | #RICKEY | #RODGERS | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Gain on Sale of Assets | - | - | - | 11,136.00 | ||||||||||||
Total Other Income | - | - | - | 11,136.00 | ||||||||||||
Impairment Loss on Series | - | - | - | - | ||||||||||||
Other Expense | - | - | - | - | ||||||||||||
Total Other Expense | - | - | - | - | ||||||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | 11,136.00 | ||||||||
EARNINGS PER MEMBER INTEREST | ||||||||||||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | - | $ | - | $ | - | $ | 2.66 | ||||||||
Weighted Average Membership Interests | 6,290 | 38,004 | 15,220 | 4,190 |
See accompanying notes, which are an integral part of these financial statements.
F-183
COLLECTABLE SPORTS ASSETS, LLC
STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2021
#RUTHGEHRIG | #Ruth1914 | #Ruth33 | #Sadaharu | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Gain on Sale of Assets | - | - | - | - | ||||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | - | - | - | - | ||||||||||||
Other Expense | - | - | - | - | ||||||||||||
Total Other Expense | - | - | - | - | ||||||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
EARNINGS PER MEMBER INTEREST | ||||||||||||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | - | $ | - | $ | - | $ | - | ||||||||
Weighted Average Membership Interests | 2,035 | 20,220 | 14,225 | 5,170 |
See accompanying notes, which are an integral part of these financial statements.
F-184
COLLECTABLE SPORTS ASSETS, LLC
STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2021
#Satchel | #Seager | #Serena03 | #StephCurry | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Gain on Sale of Assets | - | - | - | 29,980.00 | ||||||||||||
Total Other Income | - | - | - | 29,980.00 | ||||||||||||
Impairment Loss on Series | - | - | - | - | ||||||||||||
Other Expense | - | - | - | - | ||||||||||||
Total Other Expense | - | - | - | - | ||||||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | 29,980.00 | ||||||||
EARNINGS PER MEMBER INTEREST | ||||||||||||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | - | $ | - | $ | - | $ | 3.66 | ||||||||
Weighted Average Membership Interests | 7,410 | 1,688 | 3,760 | 8,200 |
See accompanying notes, which are an integral part of these financial statements.
F-185
COLLECTABLE SPORTS ASSETS, LLC
STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2021
#TATIS | #TATUM | #TED | #TIGER | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Gain on Sale of Assets | - | - | - | - | ||||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | 22,135.00 | - | - | - | ||||||||||||
Other Expense | - | - | - | - | ||||||||||||
Total Other Expense | 22,135.00 | - | - | - | ||||||||||||
Net Income/(Loss) | $ | (22,135.00 | ) | $ | - | $ | - | $ | - | |||||||
EARNINGS PER MEMBER INTEREST | ||||||||||||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | (0.99 | ) | $ | - | $ | - | $ | - | |||||||
Weighted Average Membership Interests | 22,300 | 4,760 | 3,396 | 21,586 |
See accompanying notes, which are an integral part of these financial statements.
F-186
COLLECTABLE SPORTS ASSETS, LLC
STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2021
#TIGER | #TIGER | #TRAEYOUNG | #TYSONRC | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Gain on Sale of Assets | - | - | - | - | ||||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | - | - | - | - | ||||||||||||
Other Expense | - | - | - | - | ||||||||||||
Total Other Expense | - | - | - | - | ||||||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
EARNINGS PER MEMBER INTEREST | ||||||||||||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | - | $ | - | $ | - | $ | - | ||||||||
Weighted Average Membership Interests | 2,490 | 3,690 | 1,584 | 5,890 |
See accompanying notes, which are an integral part of these financial statements.
F-187
COLLECTABLE SPORTS ASSETS, LLC
STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2021
#TheRock | #TimDuncan | #TraeYoung | #Trevor | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Gain on Sale of Assets | - | - | - | - | ||||||||||||
Total Other Income | - | - | - | - | ||||||||||||
Impairment Loss on Series | - | - | - | - | ||||||||||||
Other Expense | - | - | - | - | ||||||||||||
Total Other Expense | - | - | - | - | ||||||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
EARNINGS PER MEMBER INTEREST | ||||||||||||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | - | $ | - | $ | - | $ | - | ||||||||
Weighted Average Membership Interests | 9,640 | 45,500 | 2,540 | 2,240 |
See accompanying notes, which are an integral part of these financial statements.
F-188
COLLECTABLE SPORTS ASSETS, LLC
STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2021
#TroutFinest | #UNITAS1965 | #Unitas | #WILTCHAM | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | - | ||||||||
Total Operating Expenses | - | - | - | - | ||||||||||||
Other Income | ||||||||||||||||
Interest Income | - | - | - | - | ||||||||||||
Gain on Sale of Assets | - | - | - | 144,898.00 | ||||||||||||
Total Other Income | - | - | - | 144,898.00 | ||||||||||||
Impairment Loss on Series | - | - | - | - | ||||||||||||
Other Expense | - | - | - | - | ||||||||||||
Total Other Expense | - | - | - | - | ||||||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | 144,898.00 | ||||||||
EARNINGS PER MEMBER INTEREST | ||||||||||||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | - | $ | - | $ | - | $ | 6.99 | ||||||||
Weighted Average Membership Interests | 28,250 | 16,700 | 4,480 | 20,740 |
See accompanying notes, which are an integral part of these financial statements.
F-189
COLLECTABLE SPORTS ASSETS, LLC
STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2021
#YASTRZE | #ZIONRPA | #ZionPrizms | CSA | |||||||||||||
Operating Expenses | ||||||||||||||||
Bank Fees | $ | - | $ | - | $ | - | $ | 157.02 | ||||||||
Total Operating Expenses | - | - | - | 157.02 | ||||||||||||
Other Income | ||||||||||||||||
Interest Income | - | - | - | 50.26 | ||||||||||||
Gain on Sale of Assets | - | - | - | |||||||||||||
Total Other Income | - | - | - | 50.26 | ||||||||||||
Impairment Loss on Series | - | 21,593.88 | - | |||||||||||||
Other Expense | - | - | - | 507.50 | ||||||||||||
Total Other Expense | - | 21,593.88 | - | 507.50 | ||||||||||||
Net Income/(Loss) | $ | - | $ | (21,593.88 | ) | $ | - | $ | (614.26 | ) | ||||||
EARNINGS PER MEMBER INTEREST | ||||||||||||||||
Basic and Diluted Income/(Loss) per Membership Interest | $ | - | $ | (3.23 | ) | $ | - | |||||||||
Weighted Average Membership Interests | 4,197 | 6,686 | 6,312 |
See accompanying notes, which are an integral part of these financial statements.
F-190
COLLECTABLE SPORTS ASSETS, LLC
STATEMENT OF OPERATIONS FOR THE YEAR ENDED
DECEMBER 31, 2021
CONSOLIDATED | ||||
Operating Expenses | ||||
Bank Fees | $ | 157.02 | ||
Total Operating Expenses | 157.02 | |||
Other Income | ||||
Interest Income | 50.26 | |||
Gain on Sale of Assets | 1,699,238.80 | |||
Total Other Income | 1,699,289.06 | |||
Impairment Loss on Series | 190,891.29 | |||
Other Expense | 507.50 | |||
Total Other Expense | 191,398.79 | |||
Net Income/(Loss) | $ | 1,507,733.25 |
See accompanying notes, which are an integral part of these financial statements.
F-191
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF MEMBERS’ EQUITY/(DEFICIT)
YEARS ENDED DECEMBER 31, 2022 AND 2021
CSA | #ALIWBC BELT | #CURRY BASKET | #JACKIE ROBINSON AUTOBAT | |||||||||||||
Balance December 31, 2020 | $ | (645.00 | ) | $ | 432,640.00 | $ | 2,424.12 | $ | 87,240.00 | |||||||
Net Income/(Loss) | $ | (614.26 | ) | $ | - | $ | - | $ | - | |||||||
Membership Contributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2021 | $ | (1,259.26 | ) | $ | 432,640.00 | $ | 2,424.12 | $ | 87,240.00 | |||||||
Net Income/(Loss) | $ | (171.37 | ) | $ | - | $ | - | $ | (12,646.22 | ) | ||||||
Membership Contributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2022 | $ | (1,430.63 | ) | $ | 432,640.00 | $ | 2,424.12 | $ | 74,593.78 |
#JORDAN PSA10 | #LEBRON ROOKIE | #MAHOMES ROOKIE | #MANTLE MINT1953 | |||||||||||||
Balance December 31, 2020 | $ | 101,370.00 | $ | 51,100.00 | $ | 9,209.22 | $ | 2,493,000.00 | ||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | 612,000.00 | ||||||||
Membership Contributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | (3,100,000.00 | ) | |||||||
Balance December 31, 2021 | $ | 101,370.00 | $ | 51,100.00 | $ | 9,209.22 | $ | 5,000.00 | ||||||||
Net Income/(Loss) | $ | - | $ | 28,696.58 | $ | - | $ | - | ||||||||
Membership Contributions | $ | - | $ | - | $ | - | ||||||||||
Membership Distributions | $ | - | $ | (75,000.00 | ) | $ | - | $ | - | |||||||
Balance December 31, 2022 | $ | 101,370.00 | $ | 4,796.58 | $ | 9,209.22 | $ | 5,000.00 |
#RUTH GEHRIG BALL | #03Exquisite Box | #03Topps Chrome Wax | #18-19 BASKET BALL GROWTH BASKET | |||||||||||||
Balance December 31, 2020 | $ | 73,620.00 | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
Membership Contributions | $ | - | $ | 84,750.00 | $ | 24,350.00 | $ | 44,714.00 | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2021 | $ | 73,620.00 | $ | 84,750.00 | $ | 24,350.00 | $ | 44,714.00 | ||||||||
Net Income/(Loss) | $ | - | $ | (22,915.80 | ) | $ | (8,500.76 | ) | $ | (21,601.50 | ) | |||||
Membership Contributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2022 | $ | 73,620.00 | $ | 61,834.20 | $ | 15,849.24 | $ | 23,112.50 |
See accompanying notes, which are an integral part of these financial statements.
F-192
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF MEMBERS’ EQUITY/(DEFICIT)
YEARS ENDED DECEMBER 31, 2022 AND 2021
#1909E95 SGCSet | #1959TOPPS BASE BALLSET | #1964 KOUFAX JERSEY | #1969TOPPS BASKET BALLSET | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
Membership Contributions | $ | 37,050.00 | $ | - | $ | 438,500.00 | $ | 152,550.00 | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | ||||||||||
Balance December 31, 2021 | $ | 37,050.00 | $ | - | $ | 438,500.00 | $ | 152,550.00 | ||||||||
Net Income/(Loss) | $ | (12,350.88 | ) | $ | (24,467.34 | ) | $ | (25,898.73 | ) | $ | (48,165.94 | ) | ||||
Membership Contributions | $ | - | $ | 85,550.00 | $ | - | $ | - | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2022 | $ | 24,699.12 | $ | 61,082.66 | $ | 412,601.27 | $ | 104,384.06 |
#1980Topps Basketball Wax | #1986WAX | #2000PLAY OFFCONTEN DERSWAX | #48Leaf RuthSGC8 | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
Membership Contributions | $ | - | $ | 193,250.00 | $ | 24,650.00 | $ | 54,250.00 | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | ||||||||||
Balance December 31, 2021 | $ | - | $ | 193,250.00 | $ | 24,650.00 | $ | 54,250.00 | ||||||||
Net Income/(Loss) | $ | (18,590.25 | ) | $ | (11,389.28 | ) | $ | - | $ | (8,644.58 | ) | |||||
Membership Contributions | $ | 74,620.00 | $ | - | $ | - | $ | - | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2022 | $ | 56,029.75 | $ | 181,860.72 | $ | 24,650.00 | $ | 45,605.42 |
#49Bowman JackieAuto | #86Auto FleerSet | #96Skybox E-X2000Wax | #AARON 1954PSA8.5 | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
Membership Contributions | $ | - | $ | - | $ | - | $ | 124,400.00 | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2021 | $ | - | $ | - | $ | - | $ | 124,400.00 | ||||||||
Net Income/(Loss) | $ | (26,011.40 | ) | $ | - | $ | (10,978.93 | ) | $ | - | ||||||
Membership Contributions | $ | 77,200.00 | $ | 110,000.00 | $ | 32,170.00 | $ | - | ||||||||
Membership Distributions | $ | - | $ | - | ||||||||||||
Balance December 31, 2022 | $ | 51,188.60 | $ | 110,000.00 | $ | 21,191.07 | $ | 124,400.00 |
See accompanying notes, which are an integral part of these financial statements.
F-193
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF MEMBERS’ EQUITY/(DEFICIT)
YEARS ENDED DECEMBER 31, 2022 AND 2021
#ACUNA GOLD9.5 | #ALKA LINE1954 TOPPSPSA9 | #ANDRE& HULK WRESTLING BASKET | #ANDRETHE GIANT | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
Membership Contributions | $ | 27,505.00 | $ | - | $ | 126,440.00 | $ | 29,720.00 | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2021 | $ | 27,505.00 | $ | - | $ | 126,440.00 | $ | 29,720.00 | ||||||||
Net Income/(Loss) | $ | (9,295.89 | ) | $ | (19,690.50 | ) | $ | (80,368.43 | ) | $ | (16,096.50 | ) | ||||
Membership Contributions | $ | - | $ | 42,550.00 | $ | - | $ | - | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2022 | $ | 18,209.11 | $ | 22,859.50 | $ | 46,071.57 | $ | 13,623.50 |
#Aaron Decade Basket | #Acuna Bowman 10Basket | #Alex 09WS | #AliRookie CardBVG8 | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
Membership Contributions | $ | - | $ | 103,500.00 | $ | - | $ | 60,700.00 | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2021 | $ | - | $ | 103,500.00 | $ | - | $ | 60,700.00 | ||||||||
Net Income/(Loss) | $ | (13,060.21 | ) | $ | (60,769.22 | ) | $ | (87,643.01 | ) | $ | (43,733.18 | ) | ||||
Membership Contributions | $ | 86,520.00 | $ | - | $ | 149,500.00 | $ | - | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2022 | $ | 73,459.79 | $ | 42,730.78 | $ | 61,856.99 | $ | 16,966.82 |
#BANKS1954 PSA9 | #BETTS GOLD REFRACTOR BASKET | #BRADY PLAYOFF CONTENDER SBASKET | #BRADY REEBOK FLAWLESS | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | 23,436.00 | ||||||||
Membership Contributions | $ | 91,925.00 | $ | 63,990.00 | $ | 93,300.00 | $ | 48,804.00 | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | (70,000.00 | ) | |||||||
Balance December 31, 2021 | $ | 91,925.00 | $ | 63,990.00 | $ | 93,300.00 | $ | 2,240.00 | ||||||||
Net Income/(Loss) | $ | 67,435.00 | $ | (11,234.80 | ) | $ | - | $ | - | |||||||
Membership Contributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Membership Distributions | $ | (155,000.00 | ) | $ | - | $ | - | $ | - | |||||||
Balance December 31, 2022 | $ | 4,360.00 | $ | 52,755.20 | $ | 93,300.00 | $ | 2,240.00 |
See accompanying notes, which are an integral part of these financial statements.
F-194
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF MEMBERS’ EQUITY/(DEFICIT)
YEARS ENDED DECEMBER 31, 2022 AND 2021
#BRADY ROOKIE | #Babe RuthBows OutPhoto | #Bellinger Orange BGS9.5 | #BettsBlue Refractor Basket | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
Membership Contributions | $ | 59,710.00 | $ | - | $ | - | $ | 33,850.00 | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2021 | $ | 59,710.00 | $ | - | $ | - | $ | 33,850.00 | ||||||||
Net Income/(Loss) | $ | - | $ | - | $ | (20,286.75 | ) | $ | (25,397.46 | ) | ||||||
Membership Contributions | $ | - | $ | 50,860.00 | $ | 27,800.00 | $ | - | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2022 | $ | 59,710.00 | $ | 50,860.00 | $ | 7,513.25 | $ | 8,452.54 |
#Bobby OrrBruins Jersey | #Brady01 Ticket Booklet | #Brady 2000SPX Spectrum BGS9.5 | #Brady Bowman10 | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
Membership Contributions | $ | - | $ | - | $ | - | $ | 42,900.00 | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2021 | $ | - | $ | - | $ | - | $ | 42,900.00 | ||||||||
Net Income/(Loss) | $ | (124,296.09 | ) | $ | (8,310.97 | ) | $ | (280,353.86 | ) | $ | (15,060.93 | ) | ||||
Membership Contributions | $ | 429,000.00 | $ | 11,990.00 | $ | 563,500.00 | $ | (11,500.00 | ) | |||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2022 | $ | 304,703.91 | $ | 3,679.03 | $ | 283,146.14 | $ | 16,339.07 |
#Brady Championship Ticket | #BradyDebut Ticket | #CHAMBER UNIFORM | #CHAMBER LAINPHILA UNI FORM59-60 | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
Membership Contributions | $ | 2,312,000.00 | $ | - | $ | 323,280.00 | $ | 1,335,000.00 | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2021 | $ | 2,312,000.00 | $ | - | $ | 323,280.00 | $ | 1,335,000.00 | ||||||||
Net Income/(Loss) | $ | (1,442,831.15 | ) | $ | (49,530.38 | ) | $ | - | $ | - | ||||||
Membership Contributions | $ | - | $ | 115,750.00 | $ | - | $ | - | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2022 | $ | 869,168.85 | $ | 66,219.62 | $ | 323,280.00 | $ | 1,335,000.00 |
See accompanying notes, which are an integral part of these financial statements.
F-195
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF MEMBERS’ EQUITY/(DEFICIT)
YEARS ENDED DECEMBER 31, 2022 AND 2021
#CLEMENTE 1955PSA8 | #CLEMENTE WHITE&GRAY BASKET | #COBB MINTE98 | #COBB VINTAGET 206PHOTO | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | - | $ | (20,447.55 | ) | $ | - | $ | - | |||||||
Membership Contributions | $ | 83,999.50 | $ | 114,750.00 | $ | 309,500.00 | $ | 54,255.00 | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2021 | $ | 83,999.50 | $ | 94,302.45 | $ | 309,500.00 | $ | 54,255.00 | ||||||||
Net Income/(Loss) | $ | (362.96 | ) | $ | (31,093.50 | ) | $ | (48,069.39 | ) | $ | (18,591.75 | ) | ||||
Membership Contributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2022 | $ | 83,636.54 | $ | 63,208.95 | $ | 261,430.61 | $ | 35,663.25 |
#CROSBY THECUP BASKET | #CURRYRPA BGS9.5 | #CassiusClay SonyListon UPIType1 | #Charles Barkley SunsJersey | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | - | $ | 280,510.00 | $ | - | $ | - | ||||||||
Membership Contributions | $ | 212,700.00 | $ | 501,500.00 | $ | - | $ | - | ||||||||
Membership Distributions | $ | - | $ | (780,000.00 | ) | $ | - | $ | - | |||||||
Balance December 31, 2021 | $ | 212,700.00 | $ | 2,010.00 | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | (72,586.59 | ) | $ | - | $ | - | $ | (19,118.71 | ) | ||||||
Membership Contributions | $ | - | $ | - | $ | 24,950.00 | $ | 159,900.00 | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2022 | $ | 140,113.41 | $ | 2,010.00 | $ | 24,950.00 | $ | 140,781.29 |
#Chicago BullsDynasty Hardwood | #ChrisBosh GameWorn Raptors Sneaker | #Clemente 65-68Bat | #Cristiano Ronaldo RC1of1 | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
Membership Contributions | $ | 366,250.00 | $ | 18,150.00 | $ | 31,725.00 | $ | 266,250.00 | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2021 | $ | 366,250.00 | $ | 18,150.00 | $ | 31,725.00 | $ | 266,250.00 | ||||||||
Net Income/(Loss) | $ | (222,083.15 | ) | $ | (12,269.42 | ) | $ | - | $ | (173,191.75 | ) | |||||
Membership Contributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2022 | $ | 144,166.85 | $ | 5,880.58 | $ | 31,725.00 | $ | 93,058.25 |
See accompanying notes, which are an integral part of these financial statements.
F-196
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF MEMBERS’ EQUITY/(DEFICIT)
YEARS ENDED DECEMBER 31, 2022 AND 2021
#CrosbyWinter ClassicSkates | #CurryGold ToppsPSA10 | #DIMAGGIO 1933BAT | #DONCICBLUE PSA10 | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
Membership Contributions | $ | - | $ | - | $ | 97,550.00 | $ | 64,700.00 | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2021 | $ | - | $ | - | $ | 97,550.00 | $ | 64,700.00 | ||||||||
Net Income/(Loss) | $ | (5,093.63 | ) | $ | - | $ | (37,376.58 | ) | $ | (32,343.30 | ) | |||||
Membership Contributions | $ | 19,100.00 | $ | 32,000.00 | $ | - | $ | - | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2022 | $ | 14,006.37 | $ | 32,000.00 | $ | 60,173.42 | $ | 32,356.70 |
#DURANTCHROME REFRACTOR PSA10 | #DWADE ULTIMATE | #DaveBing Signed50 GreatestNBAPlay | #DeversSuper fractor | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | 43,780.00 | ||||||||
Membership Contributions | $ | 13,100.00 | $ | 44,090.00 | $ | - | $ | 37,200.00 | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | (78,500.00 | ) | |||||||
Balance December 31, 2021 | $ | 13,100.00 | $ | 44,090.00 | $ | - | $ | 2,480.00 | ||||||||
Net Income/(Loss) | $ | (2,456.25 | ) | $ | (29,173.66 | ) | $ | (65,045.26 | ) | $ | - | |||||
Membership Contributions | $ | - | $ | - | $ | 106,510.00 | $ | - | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2022 | $ | 10,643.75 | $ | 14,916.34 | $ | 41,464.74 | $ | 2,480.00 |
#Donovan MitchellNT9.5 | #Durant07-08 Exquisite LimitedLogos BGS9.5 | #ELWAY1984 ROOKIECARD PSA10 BASKET | #EMMITT SMITH10K JERSEY | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
Membership Contributions | $ | 31,250.00 | $ | - | $ | 31,250.00 | $ | 60,500.00 | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2021 | $ | 31,250.00 | $ | - | $ | 31,250.00 | $ | 60,500.00 | ||||||||
Net Income/(Loss) | $ | (13,646.04 | ) | $ | - | $ | (16,601.56 | ) | $ | (27,577.50 | ) | |||||
Membership Contributions | $ | - | $ | 222,770.00 | $ | - | $ | - | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2022 | $ | 17,603.96 | $ | 222,770.00 | $ | 14,648.44 | $ | 32,922.50 |
See accompanying notes, which are an integral part of these financial statements.
F-197
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF MEMBERS’ EQUITY/(DEFICIT)
YEARS ENDED DECEMBER 31, 2022 AND 2021
#EMMITT SMITHMVP BASKET | #EddiePlank T206PSA4 | #EmbiidFirst 50PointGame Jersey | #Erling Haaland PSA10Basket | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | (24,283.49 | ) | $ | - | $ | - | $ | - | |||||||
Membership Contributions | $ | 117,000.00 | $ | 318,200.00 | $ | - | $ | 14,560.00 | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2021 | $ | 92,716.51 | $ | 318,200.00 | $ | - | $ | 14,560.00 | ||||||||
Net Income/(Loss) | $ | (36,745.57 | ) | $ | (76,299.37 | ) | $ | (28,353.63 | ) | $ | - | |||||
Membership Contributions | $ | - | $ | - | $ | 39,420.00 | $ | - | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2022 | $ | 55,970.94 | $ | 241,900.63 | $ | 11,066.37 | $ | 14,560.00 |
#Eruzione 1980 MiracleOnIce GoldJersey | #FRANKRO BINSON 1957PSA9 BASKET | #FRANK ROBINSON 500HRBAT | #GIANNIS GOLDIM MACULATE | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | - | $ | - | $ | 27,570.80 | $ | - | ||||||||
Membership Contributions | $ | - | $ | 78,580.00 | $ | 174,500.00 | $ | 51,200.00 | ||||||||
Membership Distributions | $ | - | $ | - | $ | (200,000.00 | ) | $ | - | |||||||
Balance December 31, 2021 | $ | - | $ | 78,580.00 | $ | 2,070.80 | $ | 51,200.00 | ||||||||
Net Income/(Loss) | $ | (267,196.00 | ) | $ | 19,728.00 | $ | - | $ | (10,327.00 | ) | ||||||
Membership Contributions | $ | 708,000.00 | $ | - | $ | - | $ | - | ||||||||
Membership Distributions | $ | - | $ | (96,000.00 | ) | $ | - | $ | - | |||||||
Balance December 31, 2022 | $ | 440,804.00 | $ | 2,308.00 | $ | 2,070.80 | $ | 40,873.00 |
#GIANNIS RPA | #GLEYBERTOR RESORA NGE9.5 | #GRETZK YOPEECHEE 1979 | #GRIFFEY89 UPPERDECK SGCGOLD | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | - | $ | (668.72 | ) | $ | - | $ | - | |||||||
Membership Contributions | $ | 118,980.00 | $ | 21,940.00 | $ | 70,780.00 | $ | - | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2021 | $ | 118,980.00 | $ | 21,271.28 | $ | 70,780.00 | $ | - | ||||||||
Net Income/(Loss) | $ | 83,470.00 | $ | (16,534.68 | ) | $ | - | $ | (8,914.57 | ) | ||||||
Membership Contributions | $ | - | $ | - | $ | - | $ | 17,360.00 | ||||||||
Membership Distributions | $ | (200,000.00 | ) | $ | - | $ | - | |||||||||
Balance December 31, 2022 | $ | 2,450.00 | $ | 4,736.60 | $ | 70,780.00 | $ | 8,445.43 |
See accompanying notes, which are an integral part of these financial statements.
F-198
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF MEMBERS’ EQUITY/(DEFICIT)
YEARS ENDED DECEMBER 31, 2022 AND 2021
#GaryCarter 1975PSA10 Basket (1 OP | #Giannis48 PointGame | #Gretzky 1979Topps9 | #Gretzky 1981Sports Illustrated CoverCGC9.4 | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
Membership Contributions | $ | 39,000.00 | $ | 26,200.00 | $ | - | $ | - | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2021 | $ | 39,000.00 | $ | 26,200.00 | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | - | $ | (7,366.75 | ) | $ | (1,720.20 | ) | $ | - | ||||||
Membership Contributions | $ | - | $ | - | $ | 59,380.00 | $ | 39,600.00 | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2022 | $ | 39,000.00 | $ | 18,833.25 | $ | 57,659.80 | $ | 39,600.00 |
#HARMONK ILLEBREW 1955TOPPS PSA9 | #Hamilton ChromeOrange Sapphire | #Honus Wagner 1910PSA5 | #MLBHALL OFFAME BASEBALL | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
Membership Contributions | $ | - | $ | - | $ | - | $ | 308,400.00 | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2021 | $ | - | $ | - | $ | - | $ | 308,400.00 | ||||||||
Net Income/(Loss) | $ | (18,740.80 | ) | $ | (45,554.13 | ) | $ | - | $ | (72,140.75 | ) | |||||
Membership Contributions | $ | 43,940.00 | $ | 60,000.00 | $ | 100,680.00 | $ | - | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2022 | $ | 25,199.20 | $ | 14,445.87 | $ | 100,680.00 | $ | 236,259.25 |
#JETERF OILRC BASKET BGS9.5 | #JORDAN85 NIKE BASKET | #JORDAN EXQUISITE BGS8 | #JORDAN ROO KIEJERSEY | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | (29,977.93 | ) | $ | 63,982.00 | $ | - | $ | - | |||||||
Membership Contributions | $ | 103,350.00 | $ | 141,530.00 | $ | 81,300.00 | $ | 246,500.00 | ||||||||
Membership Distributions | $ | - | $ | (203,000.00 | ) | $ | - | $ | - | |||||||
Balance December 31, 2021 | $ | 73,372.07 | $ | 2,512.00 | $ | 81,300.00 | $ | 246,500.00 | ||||||||
Net Income/(Loss) | $ | (50,485.67 | ) | $ | - | $ | (51,548.99 | ) | $ | - | ||||||
Membership Contributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2022 | $ | 22,886.40 | $ | 2,512.00 | $ | 29,751.01 | $ | 246,500.00 |
See accompanying notes, which are an integral part of these financial statements.
F-199
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF MEMBERS’ EQUITY/(DEFICIT)
YEARS ENDED DECEMBER 31, 2022 AND 2021
#JORDAN SIGNED PROFESSIONAL BAT | #Jackie Leaf3.5 | #Jackie Robinson1952 ToppsPSA8.5 | #Jackie Robinson53 Topps8 | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | (10,271.22 | ) | $ | - | $ | - | $ | - | |||||||
Membership Contributions | $ | 52,900.00 | $ | 42,200.00 | $ | 576,050.00 | $ | 59,000.00 | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2021 | $ | 42,628.78 | $ | 42,200.00 | $ | 576,050.00 | $ | 59,000.00 | ||||||||
Net Income/(Loss) | $ | (32,837.51 | ) | $ | (19,324.00 | ) | $ | - | $ | (3,000.00 | ) | |||||
Membership Contributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2022 | $ | 9,791.27 | $ | 22,876.00 | $ | 576,050.00 | $ | 56,000.00 |
#JimmieFoxx 1938Bat | #Jokic Refractor 1of1 | #Jordan 86FleerBGS 9.5Basket | #Jordan 8.5Flashback | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
Membership Contributions | $ | 98,600.00 | $ | 24,110.00 | $ | - | $ | - | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2021 | $ | 98,600.00 | $ | 24,110.00 | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | (22,735.63 | ) | $ | (5,107.17 | ) | $ | (75,658.16 | ) | $ | (84,698.40 | ) | ||||
Membership Contributions | $ | - | $ | - | $ | 143,550.00 | $ | 181,000.00 | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2022 | $ | 75,864.37 | $ | 19,002.83 | $ | 67,891.84 | $ | 96,301.60 |
#JordanFleer 86SGC10 | #JordanLe BronMagic TripleSigs | #JordanLe BronSignofthe Times | #Jordan MagicLe BronTriple AutoJers | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
Membership Contributions | $ | - | $ | 86,750.00 | $ | 171,000.00 | $ | 131,900.00 | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2021 | $ | - | $ | 86,750.00 | $ | 171,000.00 | $ | 131,900.00 | ||||||||
Net Income/(Loss) | $ | (116,345.33 | ) | $ | (55,881.69 | ) | $ | (93,852.01 | ) | $ | (39.40 | ) | ||||
Membership Contributions | $ | 200,900.00 | $ | - | $ | - | $ | - | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | (130,000.00 | ) | |||||||
Balance December 31, 2022 | $ | 84,554.67 | $ | 30,868.31 | $ | 77,147.99 | $ | 1,860.60 |
See accompanying notes, which are an integral part of these financial statements.
F-200
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF MEMBERS’ EQUITY/(DEFICIT)
YEARS ENDED DECEMBER 31, 2022 AND 2021
#JoshAllen GoldBGS9.5 | #JustinHerbert Hidden TreasureRPA | #KAWHI BASKET | #KOBEREE BOKIVERSO NRETROS | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | - | $ | - | $ | (11,131.20 | ) | $ | - | |||||||
Membership Contributions | $ | 31,250.00 | $ | 64,850.00 | $ | 71,610.00 | $ | 92,000.00 | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2021 | $ | 31,250.00 | $ | 64,850.00 | $ | 60,478.80 | $ | 92,000.00 | ||||||||
Net Income/(Loss) | $ | - | $ | (31,111.64 | ) | $ | (42,028.18 | ) | $ | (64,125.70 | ) | |||||
Membership Contributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2022 | $ | 31,250.00 | $ | 33,738.36 | $ | 18,450.62 | $ | 27,874.30 |
#KOUFAX 1955 PSA8.5 | #KOUFAX 55PSA9 | #Kareem Points RecordBall | #KevinDurant HSJersey | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | 64,620.00 | $ | - | $ | - | $ | - | ||||||||
Membership Contributions | $ | 37,920.00 | $ | 497,500.00 | $ | - | $ | 227,000.00 | ||||||||
Membership Distributions | $ | (100,000.00 | ) | $ | - | $ | - | $ | - | |||||||
Balance December 31, 2021 | $ | 2,540.00 | $ | 497,500.00 | $ | - | $ | 227,000.00 | ||||||||
Net Income/(Loss) | $ | - | $ | (104,500.04 | ) | $ | (263,609.88 | ) | $ | (108,302.00 | ) | |||||
Membership Contributions | $ | - | $ | - | $ | 392,500.00 | $ | - | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2022 | $ | 2,540.00 | $ | 392,999.96 | $ | 128,890.12 | $ | 118,698.00 |
#Kobe1997Air BallGame UsedShoes | #KobeBlack History MonthFinal SeasonShoes | #KobeBryant 2001Warm UpJacket | #KobeBryant FirstWhite# 24Jersey | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
Membership Contributions | $ | - | $ | - | $ | - | $ | 710,700.00 | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2021 | $ | - | $ | - | $ | - | $ | 710,700.00 | ||||||||
Net Income/(Loss) | $ | - | $ | (28,041.50 | ) | $ | (134,650.94 | ) | $ | (385,275.81 | ) | |||||
Membership Contributions | $ | 132,300.00 | $ | 77,200.00 | $ | 209,100.00 | $ | - | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2022 | $ | 132,300.00 | $ | 49,158.50 | $ | 74,449.06 | $ | 325,424.19 |
See accompanying notes, which are an integral part of these financial statements.
F-201
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF MEMBERS’ EQUITY/(DEFICIT)
YEARS ENDED DECEMBER 31, 2022 AND 2021
#KobeBryant Rookie Sneakers | #KobeBryant RoyalBlue Jordan Sneakers | #KobeFinal Season Sneakers | #KobeLeBron JordanMagic QuadAuto | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
Membership Contributions | $ | 138,000.00 | $ | 93,001.00 | $ | 64,800.00 | $ | - | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2021 | $ | 138,000.00 | $ | 93,001.00 | $ | 64,800.00 | $ | - | ||||||||
Net Income/(Loss) | $ | 16,510.00 | $ | (52,568.50 | ) | $ | (43,003.38 | ) | $ | (85,521.08 | ) | |||||
Membership Contributions | $ | - | $ | - | $ | - | $ | 127,000.00 | ||||||||
Membership Distributions | $ | (152,500.00 | ) | $ | - | $ | - | $ | - | |||||||
Balance December 31, 2022 | $ | 2,010.00 | $ | 40,432.50 | $ | 21,796.62 | $ | 41,478.92 |
#Koufax PSA8 | #LBJ Exquisite | #LBJKobe ToppsBasket | #LEBRON BLACK REFRACTOR | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | ||||||||||
Membership Contributions | $ | 1,387,500.00 | $ | - | $ | 136,050.00 | ||||||||||
Membership Distributions | $ | - | $ | - | $ | - | ||||||||||
Balance December 31, 2021 | $ | - | $ | 1,387,500.00 | $ | - | $ | 136,050.00 | ||||||||
Net Income/(Loss) | $ | (16,405.24 | ) | $ | (597,157.91 | ) | $ | (7,465.21 | ) | $ | (54,865.94 | ) | ||||
Membership Contributions | $ | 44,450.00 | $ | - | $ | 16,800.00 | $ | - | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2022 | $ | 28,044.76 | $ | 790,342.09 | $ | 9,334.79 | $ | 81,184.06 |
#LEBRON | #LEBRON MELOW ADETRIORC | #LEBRON ULTIMATE | #LUKA DONCICGU ROOKIE SNEAKERS | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
Membership Contributions | $ | 221,000.00 | $ | 379,120.00 | $ | 185,950.00 | $ | - | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2021 | $ | 221,000.00 | $ | 379,120.00 | $ | 185,950.00 | $ | - | ||||||||
Net Income/(Loss) | $ | (157,882.01 | ) | $ | (287,477.38 | ) | $ | (118,824.86 | ) | $ | 23,269.00 | |||||
Membership Contributions | $ | - | $ | - | $ | - | $ | 87,250.00 | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | (115,000.00 | ) | |||||||
Balance December 31, 2022 | $ | 63,117.99 | $ | 91,642.62 | $ | 67,125.14 | $ | (4,481.00 | ) |
See accompanying notes, which are an integral part of these financial statements.
F-202
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF MEMBERS’ EQUITY/(DEFICIT)
YEARS ENDED DECEMBER 31, 2022 AND 2021
#LeBronBlack Diamond | #LeBron Credentials | #LeBron MeloBosh 2008Triple LogoMan | #LeBronMelo DualLogoman | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
Membership Contributions | $ | 78,750.00 | $ | - | $ | 309,750.00 | $ | 1,110,000.00 | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | ||||||||||
Balance December 31, 2021 | $ | 78,750.00 | $ | - | $ | 309,750.00 | $ | 1,110,000.00 | ||||||||
Net Income/(Loss) | $ | (46,369.85 | ) | $ | (151,238.27 | ) | $ | (232,179.72 | ) | $ | (725,558.15 | ) | ||||
Membership Contributions | $ | - | $ | 196,000.00 | $ | - | $ | - | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2022 | $ | 32,380.15 | $ | 44,761.73 | $ | 77,570.28 | $ | 384,441.85 |
#LeBron RookieShoes | #LouGehrig RCPhoto | #LukaRookie Jersey | #LukaWhite Sparkle | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
Membership Contributions | $ | - | $ | - | $ | 522,250.00 | $ | 721,000.00 | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2021 | $ | - | $ | - | $ | 522,250.00 | $ | 721,000.00 | ||||||||
Net Income/(Loss) | $ | (108,640.59 | ) | $ | (5,824.99 | ) | $ | (161,167.67 | ) | $ | (439,829.01 | ) | ||||
Membership Contributions | $ | 466,000.00 | $ | 54,260.00 | $ | - | $ | - | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2022 | $ | 357,359.41 | $ | 48,435.01 | $ | 361,082.33 | $ | 281,170.99 |
#MAGIC BIRDDRJ | #MAGICBIRD DRJPSA8 BASKET | #MAGICBIRD LOGO MAN | #MAHO MESEMER ALDRPA BGS9 | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | 368,580.00 | $ | - | $ | - | $ | - | ||||||||
Membership Contributions | $ | 355,280.00 | $ | 28,160.00 | $ | 512,800.00 | $ | 82,340.00 | ||||||||
Membership Distributions | $ | (720,000.00 | ) | $ | - | $ | - | $ | - | |||||||
Balance December 31, 2021 | $ | 3,860.00 | $ | 28,160.00 | $ | 512,800.00 | $ | 82,340.00 | ||||||||
Net Income/(Loss) | $ | - | $ | (20,274.58 | ) | $ | (289,637.60 | ) | $ | 35,130.00 | ||||||
Membership Contributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | (115,000.00 | ) | |||||||
Balance December 31, 2022 | $ | 3,860.00 | $ | 7,885.42 | $ | 223,162.40 | $ | 2,470.00 |
See accompanying notes, which are an integral part of these financial statements.
F-203
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF MEMBERS’ EQUITY/(DEFICIT)
YEARS ENDED DECEMBER 31, 2022 AND 2021
#MANTLE1952 BOWMAN PSA8 | #MANTLE 1952TOPPS PSA8 | #MANTLE | #MANTLE 1960PSA9 | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
Membership Contributions | $ | 15,600.00 | $ | 498,800.00 | $ | 29,675.00 | $ | 42,270.00 | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2021 | $ | 15,600.00 | $ | 498,800.00 | $ | 29,675.00 | $ | 42,270.00 | ||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
Membership Contributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2022 | $ | 15,600.00 | $ | 498,800.00 | $ | 29,675.00 | $ | 42,270.00 |
#MANTLE52 TOPPSPSA7 | #MANTLE54 BOWMAN BASKET | #MARINO1984 ROOKIE CARDBGS10 BASKET | #MARINO MANNIN GFAVRE JERSEYS | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
Membership Contributions | $ | - | $ | 53,200.00 | $ | - | $ | 51,940.00 | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2021 | $ | - | $ | 53,200.00 | $ | - | $ | 51,940.00 | ||||||||
Net Income/(Loss) | $ | - | $ | (22,362.71 | ) | $ | (9,293.75 | ) | $ | (11,190.59 | ) | |||||
Membership Contributions | $ | 316,000.00 | $ | - | $ | 19,580.00 | $ | - | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2022 | $ | 316,000.00 | $ | 30,837.29 | $ | 10,286.25 | $ | 40,749.41 |
#MAYS1951 BOWMAN7 | #MAYS1951 PHOTO | #MAYS 1952PSA8 | #MAYS1959 PSA9 BASKET | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | - | $ | 13,856.00 | $ | - | $ | - | ||||||||
Membership Contributions | $ | 105,000.00 | $ | 53,210.00 | $ | 307,750.00 | $ | 25,456.00 | ||||||||
Membership Distributions | $ | - | $ | (65,000.00 | ) | $ | - | $ | - | |||||||
Balance December 31, 2021 | $ | 105,000.00 | $ | 2,066.00 | $ | 307,750.00 | $ | 25,456.00 | ||||||||
Net Income/(Loss) | $ | (33,836.88 | ) | $ | - | $ | (26,805.33 | ) | $ | - | ||||||
Membership Contributions | $ | - | $ | - | $ | (55,000.00 | ) | $ | - | |||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2022 | $ | 71,163.12 | $ | 2,066.00 | $ | 225,944.67 | $ | 25,456.00 |
See accompanying notes, which are an integral part of these financial statements.
F-204
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF MEMBERS’ EQUITY/(DEFICIT)
YEARS ENDED DECEMBER 31, 2022 AND 2021
#MAYS1960 PSA9 | #MAY WEATHERRC PSA10 | #MESSIROOKIE BASKET | #MIKANRC PHOTO | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | - | $ | - | $ | (17,741.25 | ) | $ | - | |||||||
Membership Contributions | $ | 19,140.00 | $ | 26,270.00 | $ | 94,460.00 | $ | 57,500.00 | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2021 | $ | 19,140.00 | $ | 26,270.00 | $ | 76,718.75 | $ | 57,500.00 | ||||||||
Net Income/(Loss) | $ | (926.36 | ) | $ | (16,290.30 | ) | $ | (47,908.24 | ) | $ | 27,170.00 | |||||
Membership Contributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | (82,500.00 | ) | |||||||
Balance December 31, 2022 | $ | 18,213.64 | $ | 9,979.70 | $ | 28,810.51 | $ | 2,170.00 |
#MLBAll StarGame TicketRun Collection | #MONTAN ARCPSA10 | #MOOKIEBETTSG LOVE | #MPJ Championship Ticket | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
Membership Contributions | $ | - | $ | 67,320.00 | $ | 63,110.00 | $ | 31,450.00 | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2021 | $ | - | $ | 67,320.00 | $ | 63,110.00 | $ | 31,450.00 | ||||||||
Net Income/(Loss) | $ | (27,621.25 | ) | $ | (17,120.70 | ) | $ | (44,307.81 | ) | $ | (27,550.58 | ) | ||||
Membership Contributions | $ | 50,900.00 | $ | - | $ | - | $ | - | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2022 | $ | 23,278.75 | $ | 50,199.30 | $ | 18,802.19 | $ | 3,899.42 |
#MagicBird DrJ1980 PSA9 (BH SPORTS | #MahomesBronze Basket | #Mahomes Immaculate Logo1of1 | #Mahomes NT1of1 | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
Membership Contributions | $ | - | $ | 115,000.00 | $ | 227,000.00 | $ | 1,667,500.00 | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2021 | $ | - | $ | 115,000.00 | $ | 227,000.00 | $ | 1,667,500.00 | ||||||||
Net Income/(Loss) | $ | (16,306.37 | ) | $ | (15,608.00 | ) | $ | (112,054.32 | ) | $ | (1,043,978.71 | ) | ||||
Membership Contributions | $ | 32,950.00 | $ | - | $ | - | $ | - | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | ||||||||||
Balance December 31, 2022 | $ | 16,643.63 | $ | 99,392.00 | $ | 114,945.68 | $ | 623,521.29 |
See accompanying notes, which are an integral part of these financial statements.
F-205
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF MEMBERS’ EQUITY/(DEFICIT)
YEARS ENDED DECEMBER 31, 2022 AND 2021
#Mahomes NT8.5 | #Mantle1953 Bowman8 Basket | #Mantle1953 Topps8 | #Mantle 1957 ToppsPSA8.5 | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | (32,641.05 | ) | $ | - | $ | - | $ | - | |||||||
Membership Contributions | $ | 165,895.00 | $ | 53,000.00 | $ | 103,500.00 | $ | 63,700.00 | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2021 | $ | 133,253.95 | $ | 53,000.00 | $ | 103,500.00 | $ | 63,700.00 | ||||||||
Net Income/(Loss) | $ | (74,439.25 | ) | $ | (22,052.25 | ) | $ | (1,733.64 | ) | $ | (12,771.36 | ) | ||||
Membership Contributions | $ | 5.00 | $ | - | $ | - | $ | (5,400.00 | ) | |||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2022 | $ | 58,819.70 | $ | 30,947.75 | $ | 101,766.36 | $ | 45,528.64 |
#Mantle1964 Topps9 | #Mantle1965 Topps9 | #Mantle1966 ToppsPSA9 Basket | #Mantle1967 Topps9 | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
Membership Contributions | $ | 51,152.50 | $ | - | $ | 45,660.00 | $ | - | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2021 | $ | 51,152.50 | $ | - | $ | 45,660.00 | $ | - | ||||||||
Net Income/(Loss) | $ | (3,232.33 | ) | $ | - | $ | (2,394.65 | ) | $ | (5,174.36 | ) | |||||
Membership Contributions | $ | - | $ | 39,950.00 | $ | - | $ | 21,470.00 | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2022 | $ | 47,920.17 | $ | 39,950.00 | $ | 43,265.35 | $ | 16,295.64 |
#Mantle1968 PSA9Basket | #Mantle1969 Topps9 | #Mantle51 Bowman SGC7 | #Mantle DebutStub | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
Membership Contributions | $ | 38,050.00 | $ | - | $ | - | $ | - | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2021 | $ | 38,050.00 | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | (17,993.60 | ) | $ | - | $ | (19,166.57 | ) | $ | (85,723.88 | ) | |||||
Membership Contributions | $ | - | $ | 35,400.00 | $ | 83,845.00 | $ | 118,250.00 | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2022 | $ | 20,056.40 | $ | 35,400.00 | $ | 64,678.43 | $ | 32,526.12 |
See accompanying notes, which are an integral part of these financial statements.
F-206
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF MEMBERS’ EQUITY/(DEFICIT)
YEARS ENDED DECEMBER 31, 2022 AND 2021
#Maris58 ToppsPSA9 | #Mays1956 GrayPSA9 | #Messi Megacracks #71PSA9 | #Michael Porter JrBasket | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
Membership Contributions | $ | 29,345.00 | $ | 59,000.00 | $ | 115,000.00 | $ | 31,065.00 | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2021 | $ | 29,345.00 | $ | 59,000.00 | $ | 115,000.00 | $ | 31,065.00 | ||||||||
Net Income/(Loss) | $ | (6,896.46 | ) | $ | (21,757.32 | ) | $ | (56,061.27 | ) | $ | (20,562.97 | ) | ||||
Membership Contributions | $ | - | $ | - | $ | (25,000.00 | ) | $ | - | |||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2022 | $ | 22,448.54 | $ | 37,242.68 | $ | 33,938.73 | $ | 10,502.03 |
#Mikan48 Bowman PSA7 | #NTBBall WaxBundle | #NadalNet ProGlossy | #Negro League Legendary CutsBasket | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
Membership Contributions | $ | 42,551.00 | $ | - | $ | - | $ | 92,800.00 | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2021 | $ | 42,551.00 | $ | - | $ | - | $ | 92,800.00 | ||||||||
Net Income/(Loss) | $ | (14,954.75 | ) | $ | (78,599.62 | ) | $ | - | $ | (59,607.27 | ) | |||||
Membership Contributions | $ | - | $ | 142,500.00 | $ | 30,650.00 | $ | - | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2022 | $ | 27,596.25 | $ | 63,900.38 | $ | 30,650.00 | $ | 33,192.73 |
#Nolan Ryan1968 MiltonBradley PSA9 | #Nolan Ryan1968 ToppsPSA8.5 | #OVECH KINTHEC UPBGS8.5 | #OZZIE SMITHR CBGS9.5 | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | - | $ | - | $ | 14,890.00 | $ | - | ||||||||
Membership Contributions | $ | - | $ | - | $ | 42,250.00 | $ | 74,710.00 | ||||||||
Membership Distributions | $ | - | $ | - | $ | (55,000.00 | ) | $ | - | |||||||
Balance December 31, 2021 | $ | - | $ | - | $ | 2,140.00 | $ | 74,710.00 | ||||||||
Net Income/(Loss) | $ | (45,279.92 | ) | $ | - | $ | - | $ | (54,009.10 | ) | ||||||
Membership Contributions | $ | 172,500.00 | $ | 24,850.00 | $ | - | $ | - | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2022 | $ | 127,220.08 | $ | 24,850.00 | $ | 2,140.00 | $ | 20,700.90 |
See accompanying notes, which are an integral part of these financial statements.
F-207
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF MEMBERS’ EQUITY/(DEFICIT)
YEARS ENDED DECEMBER 31, 2022 AND 2021
#Orange Dominguez | #Oscar Robertson Cincinnati RoyalsJersey | #OttoGraham 1950 Bowman PSA9 | #OvechkinSP Auth Basket9.5 | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
Membership Contributions | $ | 38,395.00 | $ | - | $ | - | $ | - | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2021 | $ | 38,395.00 | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | (18,566.20 | ) | $ | 26,416.00 | $ | 20,645.00 | $ | (6,470.54 | ) | ||||||
Membership Contributions | $ | - | $ | 286,000.00 | $ | 45,890.00 | $ | 32,380.00 | ||||||||
Membership Distributions | $ | - | $ | (320,000.00 | ) | $ | (70,000.00 | ) | $ | - | ||||||
Balance December 31, 2022 | $ | 19,828.80 | $ | (7,584.00 | ) | $ | (3,465.00 | ) | $ | 25,909.46 |
#Ovechkin TheCup BGSGem Mint9.5 | #PaulMolitor 1978 ToppsPSA10 | #PaulPierce 2010 ASGJersey | #Pele1958 Americana PSA3 | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
Membership Contributions | $ | - | $ | - | $ | 31,450.00 | $ | - | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2021 | $ | - | $ | - | $ | 31,450.00 | $ | - | ||||||||
Net Income/(Loss) | $ | (145,768.63 | ) | $ | (18,935.94 | ) | $ | (26,336.00 | ) | $ | (49,513.47 | ) | ||||
Membership Contributions | $ | 468,500.00 | $ | 53,990.00 | $ | - | $ | 126,740.00 | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2022 | $ | 322,731.37 | $ | 35,054.06 | $ | 5,114.00 | $ | 77,226.53 |
#Peyton Manning MVPHelmet | #RICKEY HENDER SONRC PSA10 | #RODGERS PLAYOFF CONTENDER SGREEN | #RONALDO 2002PANINI FUTEBOL STICKERS PSA10 | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | - | $ | - | $ | 11,136.00 | $ | - | ||||||||
Membership Contributions | $ | 190,020.00 | $ | 152,200.00 | $ | 20,949.00 | $ | - | ||||||||
Membership Distributions | $ | - | $ | - | $ | (30,000.00 | ) | $ | - | |||||||
Balance December 31, 2021 | $ | 190,020.00 | $ | 152,200.00 | $ | 2,085.00 | $ | - | ||||||||
Net Income/(Loss) | $ | (18,774.74 | ) | $ | (58,664.51 | ) | $ | - | $ | (49,849.30 | ) | |||||
Membership Contributions | $ | - | $ | - | $ | - | $ | 115,500.00 | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2022 | $ | 171,245.26 | $ | 93,535.49 | $ | 2,085.00 | $ | 65,650.70 |
See accompanying notes, which are an integral part of these financial statements.
F-208
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF MEMBERS’ EQUITY/(DEFICIT)
YEARS ENDED DECEMBER 31, 2022 AND 2021
#RONALDO 2003PANINI MEGACRA QUESPSA10 | #Ripken Rookie Jersey&Card Basket | #Roy Campanella 1949Bowman PSA9 | #Ruth1914 Baltimore NewsSGC3 | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
Membership Contributions | $ | - | $ | - | $ | - | $ | 66,540.00 | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2021 | $ | - | $ | - | $ | - | $ | 66,540.00 | ||||||||
Net Income/(Loss) | $ | (170,975.47 | ) | $ | (35,470.17 | ) | $ | (23,100.00 | ) | $ | - | |||||
Membership Contributions | $ | 325,590.00 | $ | 159,400.00 | $ | 61,600.00 | $ | - | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2022 | $ | 154,614.53 | $ | 123,929.83 | $ | 38,500.00 | $ | 66,540.00 |
#Ruth33 GoudeySGC8 | #Sadaharu OhBat | #Sandy Koufax1956 ToppsGray BackPSA9 | #Satchel Paige48 LeafSGC30 | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
Membership Contributions | $ | 142,250.00 | $ | 25,850.00 | $ | - | $ | 37,050.00 | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2021 | $ | 142,250.00 | $ | 25,850.00 | $ | - | $ | 37,050.00 | ||||||||
Net Income/(Loss) | $ | - | $ | (5,780.44 | ) | $ | (4,944.60 | ) | $ | (12,192.93 | ) | |||||
Membership Contributions | $ | - | $ | - | $ | 36,090.00 | $ | - | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2022 | $ | 142,250.00 | $ | 20,069.56 | $ | 31,145.40 | $ | 24,857.07 |
#SeagerOrange Refractor Basket | #Serena03 NetProPSA10 Basket | #ShoelessJoe Jackson1915 PSA8 | #StephCurry Sneakers | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | 29,980.00 | ||||||||
Membership Contributions | $ | 16,880.00 | $ | 18,800.00 | $ | - | $ | 82,000.00 | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | (110,000.00 | ) | |||||||
Balance December 31, 2021 | $ | 16,880.00 | $ | 18,800.00 | $ | - | $ | 1,980.00 | ||||||||
Net Income/(Loss) | $ | (11,100.00 | ) | $ | - | $ | (54,065.67 | ) | $ | - | ||||||
Membership Contributions | $ | - | $ | - | $ | 99,950.00 | $ | - | ||||||||
Membership Distributions | $ | (3,500.00 | ) | $ | - | $ | - | $ | - | |||||||
Balance December 31, 2022 | $ | 2,280.00 | $ | 18,800.00 | $ | 45,884.33 | $ | 1,980.00 |
See accompanying notes, which are an integral part of these financial statements.
F-209
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF MEMBERS’ EQUITY/(DEFICIT)
YEARS ENDED DECEMBER 31, 2022 AND 2021
#TATISBOWMAN BLACKLABEL | #TATUM FLAWLESS10 | #TEDWILLI AMS1939 PLAYBALL | #TIGER PUTTER | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | (22,135.00 | ) | $ | - | $ | - | $ | - | |||||||
Membership Contributions | $ | 223,000.00 | $ | 47,600.00 | $ | 33,960.00 | $ | 210,730.00 | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2021 | $ | 200,865.00 | $ | 47,600.00 | $ | 33,960.00 | $ | 210,730.00 | ||||||||
Net Income/(Loss) | $ | (154,336.25 | ) | $ | 54,580.00 | $ | - | $ | - | |||||||
Membership Contributions | $ | - | $ | - | $ | - | $ | 5,130.00 | ||||||||
Membership Distributions | $ | - | $ | (100,000.00 | ) | $ | - | $ | - | |||||||
Balance December 31, 2022 | $ | 46,528.75 | $ | 2,180.00 | $ | 33,960.00 | $ | 215,860.00 |
#TIGERS IFORKIDS | #TIGERS PAUTHENTIC | #TRAEYOUNG FLAWLESS BGS9 | #TYSONRC BASKET BGS9 | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
Membership Contributions | $ | 24,900.00 | $ | 36,900.00 | $ | 15,840.00 | $ | 70,900.00 | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2021 | $ | 24,900.00 | $ | 36,900.00 | $ | 15,840.00 | $ | 70,900.00 | ||||||||
Net Income/(Loss) | $ | - | $ | (21,189.24 | ) | $ | (8,252.95 | ) | $ | (41,307.96 | ) | |||||
Membership Contributions | $ | - | $ | - | $ | - | $ | (12,000.00 | ) | |||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2022 | $ | 24,900.00 | $ | 15,710.76 | $ | 7,587.05 | $ | 17,592.04 |
#Tatum Flawless GoldBGS9.5 | #TheRock Bumble BeePSA10 | #Tiger1st EventStub | #TigerWoods DebutTicket | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
Membership Contributions | $ | - | $ | 48,200.00 | $ | - | $ | - | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2021 | $ | - | $ | 48,200.00 | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | (16,885.00 | ) | $ | (26,665.00 | ) | $ | (65,762.22 | ) | $ | (44,543.19 | ) | ||||
Membership Contributions | $ | 60,000.00 | $ | - | $ | 94,950.00 | $ | 83,400.00 | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2022 | $ | 43,115.00 | $ | 21,535.00 | $ | 29,187.78 | $ | 38,856.81 |
See accompanying notes, which are an integral part of these financial statements.
F-210
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF MEMBERS’ EQUITY/(DEFICIT)
YEARS ENDED DECEMBER 31, 2022 AND 2021
#TimDuncan PMGGreen | #TraeYoung Flawless GreenBGS9 | #Trevor Lawrence LeafBasket | #Trout Finest Superfractor | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | - | ||||||||
Membership Contributions | $ | 227,500.00 | $ | 24,840.00 | $ | 11,300.00 | $ | 282,500.00 | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2021 | $ | 227,500.00 | $ | 24,840.00 | $ | 11,300.00 | $ | 282,500.00 | ||||||||
Net Income/(Loss) | $ | - | $ | (8,965.00 | ) | $ | (6,720.73 | ) | $ | (166,771.99 | ) | |||||
Membership Contributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2022 | $ | 227,500.00 | $ | 15,875.00 | $ | 4,579.27 | $ | 115,728.01 |
#UNITAS1965 JERSEY | #UnitasPSA8 | #WILT CHAMBER LAIN61 PSA9 | #Warren Spahn1948 LeafPSA9 | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | - | $ | - | $ | 144,898.00 | $ | - | ||||||||
Membership Contributions | $ | 167,000.00 | $ | 21,200.00 | $ | 207,400.00 | $ | - | ||||||||
Membership Distributions | $ | - | $ | - | $ | (350,000.00 | ) | $ | - | |||||||
Balance December 31, 2021 | $ | 167,000.00 | $ | 21,200.00 | $ | 2,298.00 | $ | - | ||||||||
Net Income/(Loss) | $ | - | $ | (8,604.67 | ) | $ | - | $ | (41,313.55 | ) | ||||||
Membership Contributions | $ | - | $ | - | $ | - | $ | 92,750.00 | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2022 | $ | 167,000.00 | $ | 12,595.33 | $ | 2,298.00 | $ | 51,436.45 |
#Wilt Chamberlain 1961Fleer RCPSA9 | #YASTRZEMSK IRC9 BASKET | #YaoDuncan DirkTriple Logoman | #ZIONRP ABGS9 | |||||||||||||
Balance December 31, 2020 | $ | - | $ | - | $ | - | $ | - | ||||||||
Net Income/(Loss) | $ | - | $ | - | $ | - | $ | (21,593.88 | ) | |||||||
Membership Contributions | $ | - | $ | 41,970.00 | $ | - | $ | 133,720.00 | ||||||||
Membership Distributions | $ | - | $ | - | $ | - | $ | - | ||||||||
Balance December 31, 2021 | $ | - | $ | 41,970.00 | $ | - | $ | 112,126.12 | ||||||||
Net Income/(Loss) | $ | (66,616.27 | ) | $ | (3,874.00 | ) | $ | (118,647.50 | ) | $ | (57,645.87 | ) | ||||
Membership Contributions | $ | 355,999.50 | $ | - | $ | 171,000.00 | $ | - | ||||||||
Membership Distributions | $ | - | $ | (36,000.00 | ) | $ | - | $ | - | |||||||
Balance December 31, 2022 | $ | 289,383.23 | $ | 2,096.00 | $ | 52,352.50 | $ | 54,480.25 |
See accompanying notes, which are an integral part of these financial statements.
F-211
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENT OF MEMBERS’ EQUITY/(DEFICIT)
YEARS ENDED DECEMBER 31, 2022 AND 2021
#ZionPrizms BlueBGS10 | CONSOLIDATED | |||||||
Balance December 31, 2020 | $ | - | $ | 3,249,958.34 | ||||
Net Income/(Loss) | $ | - | $ | 1,507,733.25 | ||||
Membership Contributions | $ | 31,560.00 | $ | 26,725,652.00 | ||||
Membership Distributions | $ | - | $ | (5,861,500.00 | ) | |||
Balance December 31, 2021 | $ | 31,560.00 | $ | 25,621,843.59 | ||||
Net Income/(Loss) | $ | (20,317.88 | ) | $ | (12,613,369.12 | ) | ||
Membership Contributions | $ | - | $ | 9,473,739.50 | ||||
Membership Distributions | $ | - | $ | (1,650,500.00 | ) | |||
Balance December 31, 2022 | $ | 11,242.12 | $ | 20,831,713.97 |
See accompanying notes, which are an integral part of these financial statements.
F-212
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2022
#03EXQUISITE BOX | #03TOPPS CHROME WAX | #18-19BASKET BALLGROWTH BASKET | #1909E95 SGCSET | #1959TOPPS BASEBALLSET | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | $ | (22,915.80 | ) | $ | (8,500.76 | ) | $ | (21,601.50 | ) | $ | (12,350.88 | ) | $ | (24,467.34 | ) | |||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain (-)/Loss (+) on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | 22,915.80 | 8,500.76 | 21,601.50 | 12,350.88 | 24,467.34 | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | - | - | - | - | (1,002.50 | ) | ||||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | - | - | - | - | (1,002.50 | ) | ||||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliate CTI | - | - | - | - | - | |||||||||||||||
Due to Affiliate CSAM | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | - | - | - | 1,002.50 | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | - | - | - | - | (1,002.50 | ) | ||||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | - | - | - | - | (78,747.50 | ) | ||||||||||||||
Proceeds From Sale of Collectable Assets | ||||||||||||||||||||
Net Cash provided by (used in) Investing Activities | - | - | - | - | (78,747.50 | ) | ||||||||||||||
Cash Flows From Financing Activities: | ||||||||||||||||||||
Capital Contributions | - | - | - | - | 79,750.00 | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | - | - | - | - | 79,750.00 | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Operations: | ||||||||||||||||||||
Other Current Liability prior years written off against Gain/(Loss) on Series | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests surrendered by asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset manager as consideration | $ | - | $ | - | $ | - | $ | - | $ | 5,800.00 |
See accompanying notes, which are an integral part of these financial statements.
F-213
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2022
#1964KOUFAX JERSEY | #1969TOPPS BASKET BALLSET | #1980Topps BasketballWax | #1986WAX | #2000PLAYOFF CONTENDERSWAX | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | $ | (25,898.73 | ) | $ | (48,165.94 | ) | $ | (18,590.25 | ) | $ | (11,389.28 | ) | $ | - | ||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain (-)/Loss (+) on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | 25,898.73 | 48,165.94 | 18,590.25 | 11,389.28 | - | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | - | - | (997.50 | ) | - | - | ||||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | - | - | (997.50 | ) | 1,000.00 | - | ||||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliate CTI | - | - | - | - | - | |||||||||||||||
Due to Affiliate CSAM | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | - | 997.50 | - | - | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | - | - | (997.50 | ) | 1,000.00 | - | ||||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | - | - | (66,752.50 | ) | (1,000.00 | ) | - | |||||||||||||
Proceeds From Sale of Collectable Assets | ||||||||||||||||||||
Net Cash provided by (used in) Investing Activities | - | - | (66,752.50 | ) | (1,000.00 | ) | - | |||||||||||||
Cash Flows From Financing Activities: | ||||||||||||||||||||
Capital Contributions | - | - | 67,750.00 | - | - | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | - | - | 67,750.00 | - | - | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Operations: | ||||||||||||||||||||
Other Current Liability prior years written off against Gain/(Loss) on Series | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests surrendered by asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset manager as consideration | $ | - | $ | - | $ | 6,870.00 | $ | - | $ | - |
See accompanying notes, which are an integral part of these financial statements.
F-214
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2022
#48LeafRuth SGC8 | #49Bowman JackieAuto | #86Auto FleerSet | #96Skybox E-X2000Wax | #ACUNA GOLD9.5 | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | $ | (8,644.58 | ) | $ | (26,011.40 | ) | $ | - | $ | (10,978.93 | ) | $ | (9,295.89 | ) | ||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain (-)/Loss (+) on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | 8,644.58 | 26,011.40 | - | 10,978.93 | 9,295.89 | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | - | (986.50 | ) | (16,051.33 | ) | (1,024.50 | ) | - | ||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | - | (986.50 | ) | (500.00 | ) | (1,024.50 | ) | - | ||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliate CTI | - | - | - | - | - | |||||||||||||||
Due to Affiliate CSAM | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | 986.50 | 16,051.33 | 1,024.50 | - | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | - | (986.50 | ) | (500.00 | ) | (1,024.50 | ) | - | ||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | - | (37,863.50 | ) | (109,500.00 | ) | (28,525.50 | ) | - | ||||||||||||
Proceeds From Sale of Collectable Assets | ||||||||||||||||||||
Net Cash provided by (used in) Investing Activities | - | (37,863.50 | ) | (109,500.00 | ) | (28,525.50 | ) | - | ||||||||||||
Cash Flows From Financing Activities: | ||||||||||||||||||||
Capital Contributions | - | 38,850.00 | 110,000.00 | 29,550.00 | - | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | - | 38,850.00 | 110,000.00 | 29,550.00 | - | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Operations: | ||||||||||||||||||||
Other Current Liability prior years written off against Gain/(Loss) on Series | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests surrendered by asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset seller as consideration | $ | - | $ | 32,500.00 | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset manager as consideration | $ | - | $ | 5,850.00 | $ | - | $ | 2,620.00 | $ | - |
See accompanying notes, which are an integral part of these financial statements.
F-215
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2022
#ALKALINE1954 TOPPSPSA9 | #ALIWBCBELT | #ANDRE&HULK WRESTLING BASKET | #ANDRETHE GIANT | #Aaron1954 PSA8.50 | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | $ | (19,690.50 | ) | $ | - | $ | (80,368.43 | ) | $ | (16,096.50 | ) | $ | - | |||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain (-)/Loss (+) on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | 19,690.50 | - | 80,368.43 | 16,096.50 | - | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | (1,012.50 | ) | - | - | - | - | ||||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | (1,012.50 | ) | - | - | - | - | ||||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliate CTI | - | - | - | - | - | |||||||||||||||
Due to Affiliate CSAM | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,012.50 | - | - | - | - | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | (1,012.50 | ) | - | - | - | - | ||||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | (38,737.50 | ) | - | - | - | - | ||||||||||||||
Proceeds From Sale of Collectable Assets | ||||||||||||||||||||
Net Cash provided by (used in) Investing Activities | (38,737.50 | ) | - | - | - | - | ||||||||||||||
Cash Flows From Financing Activities: | ||||||||||||||||||||
Capital Contributions | 39,750.00 | - | - | - | - | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | 39,750.00 | - | - | - | - | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Operations: | ||||||||||||||||||||
Other Current Liability prior years written off against Gain/(Loss) on Series | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests surrendered by asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset manager as consideration | $ | 2,800.00 | $ | - | $ | - | $ | - | $ | - |
See accompanying notes, which are an integral part of these financial statements.
F-216
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2022
#Aaron DecadeBasket | #Acuna Bowman10 Basket | #AlexRodriguez 09WSUniform | #AliRookie CardBVG8 | #BANKS1954 PSA9 | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | $ | (13,060.21 | ) | $ | (60,769.22 | ) | $ | (87,643.01 | ) | $ | (43,733.18 | ) | $ | 67,435.00 | ||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain (-)/Loss (+) on Sale of Assets | - | - | - | - | (67,435.00 | ) | ||||||||||||||
Impairment Loss on Series | 13,060.21 | 60,769.22 | 87,643.01 | 43,733.18 | - | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | (1,081.00 | ) | - | (995.00 | ) | - | - | |||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | (1,081.00 | ) | - | (995.00 | ) | - | - | |||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliate CTI | - | - | - | - | - | |||||||||||||||
Due to Affiliate CSAM | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,081.00 | - | 995.00 | - | - | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | (1,081.00 | ) | - | (995.00 | ) | - | - | |||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | (77,919.00 | ) | - | (135,505.00 | ) | - | - | |||||||||||||
Proceeds From Sale of Collectable Assets | 155,000.00 | |||||||||||||||||||
Net Cash provided by (used in) Investing Activities | (77,919.00 | ) | - | (135,505.00 | ) | - | 155,000.00 | |||||||||||||
Cash Flows From Financing Activities: | ||||||||||||||||||||
Capital Contributions | 79,000.00 | - | 136,500.00 | - | - | |||||||||||||||
Distributions to equity holders | - | - | - | - | (155,000.00 | ) | ||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | 79,000.00 | - | 136,500.00 | - | (155,000.00 | ) | ||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Operations: | ||||||||||||||||||||
Other Current Liability prior years written off against Gain/(Loss) on Series | $ | - | $ | - | $ | - | $ | - | $ | 2,180.00 | ||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests surrendered by asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset manager as consideration | $ | 7,520.00 | $ | - | $ | 13,000.00 | $ | - | $ | - |
See accompanying notes, which are an integral part of these financial statements.
F-217
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2022
#BETTSGOLD REFRACTOR BASKET | #BRADYPLAYOFF CONTENDERS BASKET | #BRADY REEBOK FLAWLESS | #BRADY ROOKIE | #BabeRuth BowsOutPhoto | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | $ | (11,234.80 | ) | $ | - | $ | - | $ | - | $ | - | |||||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain (-)/Loss (+) on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | 11,234.80 | - | - | - | - | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | - | - | - | - | (1,017.40 | ) | ||||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 250.00 | - | - | - | (1,017.40 | ) | ||||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliate CTI | - | - | - | - | - | |||||||||||||||
Due to Affiliate CSAM | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | - | - | - | 1,017.40 | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | 250.00 | - | - | - | (1,017.40 | ) | ||||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | (250.00 | ) | - | - | - | (34,842.60 | ) | |||||||||||||
Proceeds From Sale of Collectable Assets | ||||||||||||||||||||
Net Cash provided by (used in) Investing Activities | (250.00 | ) | - | - | - | (34,842.60 | ) | |||||||||||||
Cash Flows From Financing Activities: | ||||||||||||||||||||
Capital Contributions | - | - | - | - | 35,860.00 | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | - | - | - | - | 35,860.00 | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | 0.00 | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | $ | - | $ | - | $ | - | $ | - | $ | 0.00 | ||||||||||
Supplemental Disclosure of Non-Cash Operations: | ||||||||||||||||||||
Other Current Liability prior years written off against Gain/(Loss) on Series | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests surrendered by asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset manager as consideration | $ | - | $ | - | $ | - | $ | - | $ | 15,000.00 |
See accompanying notes, which are an integral part of these financial statements.
F-218
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2022
#Bellinger OrangeBGS9.5 | #BettsBlue Refractor Basket | #BobbyOrr BruinsJersey | #Brady 01TicketBooklet | #Brady 2000SPXS pectrumBGS9.5 | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | $ | (20,286.75 | ) | $ | (25,397.46 | ) | $ | (124,296.09 | ) | $ | (8,310.97 | ) | $ | (280,353.86 | ) | |||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain (-)/Loss (+) on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | 20,286.75 | 25,397.46 | 124,296.09 | 8,310.97 | 280,353.86 | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | (1,015.00 | ) | - | (860.00 | ) | (1,015.00 | ) | (790.00 | ) | |||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | (1,015.00 | ) | - | (860.00 | ) | (1,015.00 | ) | (790.00 | ) | |||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliate CTI | - | - | - | - | - | |||||||||||||||
Due to Affiliate CSAM | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,015.00 | - | 860.00 | 1,015.00 | 790.00 | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | (1,015.00 | ) | - | (860.00 | ) | (1,015.00 | ) | (790.00 | ) | |||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | (24,985.00 | ) | - | (398,140.00 | ) | (9,985.00 | ) | (287,710.00 | ) | |||||||||||
Proceeds From Sale of Collectable Assets | ||||||||||||||||||||
Net Cash provided by (used in) Investing Activities | (24,985.00 | ) | - | (398,140.00 | ) | (9,985.00 | ) | (287,710.00 | ) | |||||||||||
Cash Flows From Financing Activities: | ||||||||||||||||||||
Capital Contributions | 26,000.00 | - | 399,000.00 | 11,000.00 | 288,500.00 | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | 26,000.00 | - | 399,000.00 | 11,000.00 | 288,500.00 | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Operations: | ||||||||||||||||||||
Other Current Liability prior years written off against Gain/(Loss) on Series | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests surrendered by asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset seller as consideration | $ | - | $ | - | $ | - | $ | 990.00 | $ | 250,000.00 | ||||||||||
Membership Interests issued to asset manager as consideration | $ | 1,800.00 | $ | - | $ | 30,000.00 | $ | - | $ | 25,000.00 |
See accompanying notes, which are an integral part of these financial statements.
F-219
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2022
#Brady Bowman10 | #Brady Championship Ticket | #Brady DebutTicket | #CHAMBER LAINHS UNIFORM | #CHAMBER LAINPHILA JERSEY59-60 | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | $ | (15,060.93 | ) | $ | (1,442,831.15 | ) | $ | (49,530.38 | ) | $ | - | $ | - | |||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain (-)/Loss (+) on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | 15,060.93 | 1,442,831.15 | 49,530.38 | - | - | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | - | - | (982.50 | ) | - | - | ||||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | - | - | (982.50 | ) | - | - | ||||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliate CTI | - | - | - | - | - | |||||||||||||||
Due to Affiliate CSAM | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | - | 982.50 | - | - | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | - | - | (982.50 | ) | - | - | ||||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | - | - | (96,767.50 | ) | - | - | ||||||||||||||
Proceeds From Sale of Collectable Assets | ||||||||||||||||||||
Net Cash provided by (used in) Investing Activities | - | - | (96,767.50 | ) | - | - | ||||||||||||||
Cash Flows From Financing Activities: | ||||||||||||||||||||
Capital Contributions | - | - | 97,750.00 | - | - | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | - | - | 97,750.00 | - | - | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Operations: | ||||||||||||||||||||
Other Current Liability prior years written off against Gain/(Loss) on Series | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests surrendered by asset seller as consideration | $ | 11,500.00 | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset seller as consideration | $ | - | $ | - | $ | 10,000.00 | $ | - | $ | - | ||||||||||
Membership Interests issued to asset manager as consideration | $ | - | $ | - | $ | 8,000.00 | $ | - | $ | - |
See accompanying notes, which are an integral part of these financial statements.
F-220
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2022
#CLEMENTE 1955PSA8 | #CLEMENTE WHITE&GRAY BASKET | #COBB MINTE98 | #COBB VINTAGET 206PHOTO | #CROSBYTHE CUPBASKET | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | $ | (362.96 | ) | $ | (31,093.50 | ) | $ | (48,069.39 | ) | $ | (18,591.75 | ) | $ | (72,586.59 | ) | |||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain (-)/Loss (+) on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | 362.96 | 31,093.50 | 48,069.39 | 18,591.75 | 72,586.59 | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | - | - | - | - | - | |||||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | - | - | - | - | - | |||||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliate CTI | - | - | - | - | - | |||||||||||||||
Due to Affiliate CSAM | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | - | - | - | - | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | - | - | - | - | - | |||||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | - | - | - | - | - | |||||||||||||||
Proceeds From Sale of Collectable Assets | ||||||||||||||||||||
Net Cash provided by (used in) Investing Activities | - | - | - | - | - | |||||||||||||||
Cash Flows From Financing Activities: | ||||||||||||||||||||
Capital Contributions | - | - | - | - | - | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | - | - | - | - | - | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Operations: | ||||||||||||||||||||
Other Current Liability prior years written off against Gain/(Loss) on Series | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests surrendered by asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset manager as consideration | $ | - | $ | - | $ | - | $ | - | $ | - |
See accompanying notes, which are an integral part of these financial statements.
F-221
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2022
#CassiusClay SonyListon UPIType1 | #Charles Barkley SunsJersey | #Chicago BullsDynasty Hardwood | #ChrisBosh GameWorn Raptors Sneakers | #Clemente 65-68Bat | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | $ | - | $ | (19,118.71 | ) | $ | (222,083.15 | ) | $ | (12,269.42 | ) | $ | - | |||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain (-)/Loss (+) on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | - | 19,118.71 | 222,083.15 | 12,269.42 | - | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | (1,110.50 | ) | (985.00 | ) | - | - | - | |||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | (1,110.50 | ) | (985.00 | ) | - | - | - | |||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliate CTI | - | - | - | - | - | |||||||||||||||
Due to Affiliate CSAM | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,110.50 | 985.00 | - | - | - | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | (1,110.50 | ) | (985.00 | ) | - | - | - | |||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | (22,839.50 | ) | (150,515.00 | ) | - | - | - | |||||||||||||
Proceeds From Sale of Collectable Assets | ||||||||||||||||||||
Net Cash provided by (used in) Investing Activities | (22,839.50 | ) | (150,515.00 | ) | - | - | - | |||||||||||||
Cash Flows From Financing Activities: | ||||||||||||||||||||
Capital Contributions | 23,950.00 | 151,500.00 | - | - | - | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | 23,950.00 | 151,500.00 | - | - | - | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Operations: | ||||||||||||||||||||
Other Current Liability prior years written off against Gain/(Loss) on Series | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests surrendered by asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset manager as consideration | $ | 1,000.00 | $ | 8,400.00 | $ | - | $ | - | $ | - |
See accompanying notes, which are an integral part of these financial statements.
F-222
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2022
#Cristiano Ronaldo RC1of1 | #Crosby WinterClassic Skates | #CURRY BASKET | #CurryGold ToppsPSA10 | #Curry RPABGS9.5 | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | $ | (173,191.75 | ) | $ | (5,093.63 | ) | $ | - | $ | - | $ | - | ||||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain (-)/Loss (+) on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | 173,191.75 | 5,093.63 | - | - | - | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | - | (1,090.00 | ) | - | - | - | ||||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | - | (1,090.00 | ) | - | - | - | ||||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliate CTI | - | - | - | - | - | |||||||||||||||
Due to Affiliate CSAM | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | 1,090.00 | - | - | - | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | - | (1,090.00 | ) | - | - | - | ||||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | - | (17,410.00 | ) | - | (32,000.00 | ) | - | |||||||||||||
Proceeds From Sale of Collectable Assets | ||||||||||||||||||||
Net Cash provided by (used in) Investing Activities | - | (17,410.00 | ) | - | (32,000.00 | ) | - | |||||||||||||
Cash Flows From Financing Activities: | ||||||||||||||||||||
Capital Contributions | - | 18,500.00 | - | 32,000.00 | - | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | - | 18,500.00 | - | 32,000.00 | - | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Operations: | ||||||||||||||||||||
Other Current Liability prior years written off against Gain/(Loss) on Series | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests surrendered by asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset seller as consideration | $ | - | $ | - | $ | - | $ | - | ||||||||||||
Membership Interests issued to asset manager as consideration | $ | - | $ | 600.00 | $ | - | $ | - |
See accompanying notes, which are an integral part of these financial statements.
F-223
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2022
#DEVERS SUPERFR ACTOR | #DIMAGGIO 1933BAT | #DONCIC BLUEPSA10 | #DURANT CHROME REFRAC TORPSA10 | #DWADE ULTIMATE | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | $ | - | $ | (37,376.58 | ) | $ | (32,343.30 | ) | $ | (2,456.25 | ) | $ | (29,173.66 | ) | ||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain (-)/Loss (+) on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | - | 37,376.58 | 32,343.30 | 2,456.25 | 29,173.66 | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | - | - | - | - | - | |||||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | - | - | - | - | - | |||||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliate CTI | - | - | - | - | - | |||||||||||||||
Due to Affiliate CSAM | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | - | - | - | - | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | - | - | - | - | - | |||||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | - | - | - | - | - | |||||||||||||||
Proceeds From Sale of Collectable Assets | ||||||||||||||||||||
Net Cash provided by (used in) Investing Activities | - | - | - | - | - | |||||||||||||||
Cash Flows From Financing Activities: | ||||||||||||||||||||
Capital Contributions | - | - | - | - | - | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | - | - | - | - | - | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Operations: | ||||||||||||||||||||
Other Current Liability prior years written off against Gain/(Loss) on Series | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests surrendered by asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset manager as consideration | $ | - | $ | - | $ | - | $ | - | $ | - |
See accompanying notes, which are an integral part of these financial statements.
F-224
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2022
#DaveBing Signed50 Greatest NBAPlay | #Donovan MitchellNT9.5 | #Durant07-08 Exquisite Limited LogosBGS9.5 | #ELWAY1984 ROOKIE CARDPSA10 BASKET | #EMMITT SMITH10K JERSEY | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | $ | (65,045.26 | ) | $ | (13,646.04 | ) | $ | - | $ | (16,601.56 | ) | $ | (27,577.50 | ) | ||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain (-)/Loss (+) on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | 65,045.26 | 13,646.04 | - | 16,601.56 | 27,577.50 | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | (1,185.00 | ) | - | (945.30 | ) | - | - | |||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | (1,185.00 | ) | - | (945.30 | ) | - | - | |||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliate CTI | - | - | - | - | - | |||||||||||||||
Due to Affiliate CSAM | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,185.00 | - | 945.30 | - | - | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | (1,185.00 | ) | - | (945.30 | ) | - | - | |||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | (98,815.00 | ) | - | (99,024.70 | ) | - | - | |||||||||||||
Proceeds From Sale of Collectable Assets | ||||||||||||||||||||
Net Cash provided by (used in) Investing Activities | (98,815.00 | ) | - | (99,024.70 | ) | - | - | |||||||||||||
Cash Flows From Financing Activities: | ||||||||||||||||||||
Capital Contributions | 100,000.00 | - | 99,970.00 | - | - | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | 100,000.00 | - | 99,970.00 | - | - | |||||||||||||||
Net increase (decrease) in cash | - | - | (0.00 | ) | - | - | ||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | $ | - | $ | - | $ | (0.00 | ) | $ | - | $ | - | |||||||||
Supplemental Disclosure of Non-Cash Operations: | ||||||||||||||||||||
Other Current Liability prior years written off against Gain/(Loss) on Series | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests surrendered by asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset seller as consideration | $ | - | $ | - | $ | 100,000.00 | $ | - | $ | - | ||||||||||
Membership Interests issued to asset manager as consideration | $ | 6,510.00 | $ | - | $ | 22,800.00 | $ | - | $ | - |
See accompanying notes, which are an integral part of these financial statements.
F-225
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2022
#EMMITT SMITH MVPBASKET | #ERLING HAALAND PSA10BASKET | #EddiePlank T206PSA4 | #Embiid First50 Point GameJersey | #Eruzione 1980Miracle OnIce GoldJersey | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | $ | (36,745.57 | ) | $ | - | $ | (76,299.37 | ) | $ | (28,353.63 | ) | $ | (267,196.00 | ) | ||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain (-)/Loss (+) on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | 36,745.57 | - | 76,299.37 | 28,353.63 | 267,196.00 | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | - | - | - | (1,020.00 | ) | (1,195.00 | ) | |||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | - | - | - | (1,020.00 | ) | (1,195.00 | ) | |||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliate CTI | - | - | - | - | - | |||||||||||||||
Due to Affiliate CSAM | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | - | - | 1,020.00 | 1,195.00 | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | - | - | - | (1,020.00 | ) | (1,195.00 | ) | |||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | - | - | - | (36,480.00 | ) | (76,805.00 | ) | |||||||||||||
Proceeds From Sale of Collectable Assets | ||||||||||||||||||||
Net Cash provided by (used in) Investing Activities | - | - | - | (36,480.00 | ) | (76,805.00 | ) | |||||||||||||
Cash Flows From Financing Activities: | ||||||||||||||||||||
Capital Contributions | - | - | - | 37,500.00 | 78,000.00 | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | - | - | - | 37,500.00 | 78,000.00 | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Operations: | ||||||||||||||||||||
Other Current Liability prior years written off against Gain/(Loss) on Series | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests surrendered by asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | 630,000.00 | ||||||||||
Membership Interests issued to asset manager as consideration | $ | - | $ | - | $ | - | $ | 1,920.00 | $ | - |
See accompanying notes, which are an integral part of these financial statements.
F-226
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2022
#FRANK ROBINSON | #FRANKRO BINSON 500HRBAT | #GIANNIS GOLD IMMACULATE | #GIANNISRPA | #GLEY BERTOR RESO RANGE9.5 | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | $ | 19,728.00 | $ | - | $ | (10,327.00 | ) | $ | 83,470.00 | $ | (16,534.68 | ) | ||||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain (-)/Loss (+) on Sale of Assets | (19,728.00 | ) | - | - | (83,470.00 | ) | - | |||||||||||||
Impairment Loss on Series | - | - | 10,327.00 | - | 16,534.68 | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | - | - | - | - | - | |||||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | - | - | - | - | - | |||||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliate CTI | - | - | - | - | - | |||||||||||||||
Due to Affiliate CSAM | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | - | - | - | - | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | - | - | - | - | - | |||||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | - | - | - | - | - | |||||||||||||||
Proceeds From Sale of Collectable Assets | 96,000.00 | 200,000.00 | ||||||||||||||||||
Net Cash provided by (used in) Investing Activities | 96,000.00 | - | - | 200,000.00 | - | |||||||||||||||
Cash Flows From Financing Activities: | ||||||||||||||||||||
Capital Contributions | - | - | - | - | - | |||||||||||||||
Distributions to equity holders | (96,000.00 | ) | - | - | (200,000.00 | ) | - | |||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | (96,000.00 | ) | - | - | (200,000.00 | ) | - | |||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Operations: | ||||||||||||||||||||
Other Current Liability prior years written off against Gain/(Loss) on Series | $ | 1,254.00 | $ | - | $ | - | $ | 1,225.00 | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests surrendered by asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset manager as consideration | $ | - | $ | - | $ | - | $ | - | $ | - |
See accompanying notes, which are an integral part of these financial statements.
F-227
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2022
#GRETZKY OPEECHEE1979 | #GRIFFEY89 UPPER DECKSGC GOLD | #GaryCarter 1975 PSA10Basket | #Giannis48 PointGame Sneakers | #Gretzky1979 Topps9 | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | $ | - | $ | (8,914.57 | ) | $ | - | $ | (7,366.75 | ) | $ | (1,720.20 | ) | |||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain (-)/Loss (+) on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | - | 8,914.57 | - | 7,366.75 | 1,720.20 | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | - | - | - | - | (315.00 | ) | ||||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | - | - | - | - | (315.00 | ) | ||||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliate CTI | - | - | - | - | - | |||||||||||||||
Due to Affiliate CSAM | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | - | - | - | 315.00 | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | - | - | - | - | (315.00 | ) | ||||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | - | (15,500.00 | ) | - | - | (40,685.00 | ) | |||||||||||||
Proceeds From Sale of Collectable Assets | ||||||||||||||||||||
Net Cash provided by (used in) Investing Activities | - | (15,500.00 | ) | - | - | (40,685.00 | ) | |||||||||||||
Cash Flows From Financing Activities: | ||||||||||||||||||||
Capital Contributions | - | 15,500.00 | - | - | 41,000.00 | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | �� | ||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | - | 15,500.00 | - | - | 41,000.00 | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Operations: | ||||||||||||||||||||
Other Current Liability prior years written off against Gain/(Loss) on Series | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests surrendered by asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | 8,900.00 | ||||||||||
Membership Interests issued to asset manager as consideration | $ | - | $ | 1,860.00 | $ | - | $ | - | $ | 9,480.00 |
See accompanying notes, which are an integral part of these financial statements.
F-228
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2022
#Gretzky1981 SportsIllustrated CoverCGC9.4 | #HARMONKILLE BREW1955 TOPPSPSA9 | #HamiltonChrome OrangeSapphire | #HonusWagner 1910PSA5 | #JACKIE ROBINSON AUTOBAT | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | $ | - | $ | (18,740.80 | ) | $ | (45,554.13 | ) | $ | - | $ | (12,646.22 | ) | |||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain (-)/Loss (+) on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | - | 18,740.80 | 45,554.13 | - | 12,646.22 | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | (4,000.00 | ) | (1,272.50 | ) | (1,060.00 | ) | - | - | ||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | (4,000.00 | ) | (1,272.50 | ) | (1,060.00 | ) | - | - | ||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliate CTI | - | - | - | - | - | |||||||||||||||
Due to Affiliate CSAM | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 4,000.00 | 1,272.50 | 1,060.00 | - | - | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | (4,000.00 | ) | (1,272.50 | ) | (1,060.00 | ) | - | - | ||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | (33,500.00 | ) | (38,677.50 | ) | (50,440.00 | ) | (75,000.00 | ) | - | |||||||||||
Proceeds From Sale of Collectable Assets | ||||||||||||||||||||
Net Cash provided by (used in) Investing Activities | (33,500.00 | ) | (38,677.50 | ) | (50,440.00 | ) | (75,000.00 | ) | - | |||||||||||
Cash Flows From Financing Activities: | ||||||||||||||||||||
Capital Contributions | 37,500.00 | 39,950.00 | 51,500.00 | 75,000.00 | - | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | 37,500.00 | 39,950.00 | 51,500.00 | 75,000.00 | - | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Operations: | ||||||||||||||||||||
Other Current Liability prior years written off against Gain/(Loss) on Series | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests surrendered by asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset seller as consideration | $ | - | $ | - | $ | 5,000.00 | $ | 14,900.00 | $ | - | ||||||||||
Membership Interests issued to asset manager as consideration | $ | 2,100.00 | $ | 3,990.00 | $ | 3,500.00 | $ | 10,780.00 | $ | - |
See accompanying notes, which are an integral part of these financial statements.
F-229
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2022
#JETERFOILRC BASKETBGS9.5 | #JORDAN85 NIKEBASKET | #JORDAN EXQUISITEBGS8 | #JORDAN PSA10 | #JORDANSIGNED PROFESSIONAL BAT | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | $ | (50,485.67 | ) | $ | - | $ | (51,548.99 | ) | $ | - | $ | (32,837.51 | ) | |||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain (-)/Loss (+) on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | 50,485.67 | - | 51,548.99 | - | 32,837.51 | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | - | - | - | - | - | |||||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | - | - | - | - | - | |||||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliate CTI | - | - | - | - | - | |||||||||||||||
Due to Affiliate CSAM | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | - | - | - | - | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | - | - | - | - | - | |||||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | - | - | - | - | - | |||||||||||||||
Proceeds From Sale of Collectable Assets | ||||||||||||||||||||
Net Cash provided by (used in) Investing Activities | - | - | - | - | - | |||||||||||||||
Cash Flows From Financing Activities: | ||||||||||||||||||||
Capital Contributions | - | - | - | - | - | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | - | - | - | - | - | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Operations: | ||||||||||||||||||||
Other Current Liability prior years written off against Gain/(Loss) on Series | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests surrendered by asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset manager as consideration | $ | - | $ | - | $ | - | $ | - | $ | - |
See accompanying notes, which are an integral part of these financial statements.
F-230
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2022
#Jackie Leaf3.5 | #JackieRobinson 1952Topps PSA8.5 | #JackieRobinson 53Topps8 | #JimmieFoxx 1938Bat | #JokicRefractor 1of1 | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | $ | (19,324.00 | ) | $ | - | $ | (3,000.00 | ) | $ | (22,735.63 | ) | $ | (5,107.17 | ) | ||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain (-)/Loss (+) on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | 19,324.00 | - | 3,000.00 | 22,735.63 | 5,107.17 | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | - | - | - | - | - | |||||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | - | - | - | - | - | |||||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliate CTI | - | - | - | - | - | |||||||||||||||
Due to Affiliate CSAM | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | - | - | - | - | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | - | - | - | - | - | |||||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | - | - | - | - | - | |||||||||||||||
Proceeds From Sale of Collectable Assets | ||||||||||||||||||||
Net Cash provided by (used in) Investing Activities | - | - | - | - | - | |||||||||||||||
Cash Flows From Financing Activities: | ||||||||||||||||||||
Capital Contributions | - | - | - | - | - | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | - | - | - | - | - | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Operations: | ||||||||||||||||||||
Other Current Liability prior years written off against Gain/(Loss) on Series | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests surrendered by asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset manager as consideration | $ | - | $ | - | $ | - | $ | - | $ | - |
See accompanying notes, which are an integral part of these financial statements.
F-231
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2022
#Jordan86 FleerBGS9.5 Basket | #JordanExquisite 8.5Flashback | #JordanFleer 86SGC10 | #JordanLe BronMagic TripleSigs | #JordanLe BronSign oftheTimes | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | $ | (75,658.16 | ) | $ | (84,698.40 | ) | $ | (116,345.33 | ) | $ | (55,881.69 | ) | $ | (93,852.01 | ) | |||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain (-)/Loss (+) on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | 75,658.16 | 84,698.40 | 116,345.33 | 55,881.69 | 93,852.01 | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | - | (1,005.00 | ) | (1,405.00 | ) | - | - | |||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | - | (1,005.00 | ) | (1,405.00 | ) | - | - | |||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliate CTI | - | - | - | - | - | |||||||||||||||
Due to Affiliate CSAM | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | 1,005.00 | 1,405.00 | - | - | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | - | (1,005.00 | ) | (1,405.00 | ) | - | - | |||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | (129,950.00 | ) | (163,995.00 | ) | (188,095.00 | ) | - | - | ||||||||||||
Proceeds From Sale of Collectable Assets | ||||||||||||||||||||
Net Cash provided by (used in) Investing Activities | (129,950.00 | ) | (163,995.00 | ) | (188,095.00 | ) | - | - | ||||||||||||
Cash Flows From Financing Activities: | ||||||||||||||||||||
Capital Contributions | 129,950.00 | 165,000.00 | 189,500.00 | - | - | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | 129,950.00 | 165,000.00 | 189,500.00 | - | - | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Operations: | ||||||||||||||||||||
Other Current Liability prior years written off against Gain/(Loss) on Series | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests surrendered by asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset manager as consideration | $ | 13,600.00 | $ | 16,000.00 | $ | 11,400.00 | $ | - | $ | - |
See accompanying notes, which are an integral part of these financial statements.
F-232
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2022
#JordanMagicLe BronTriple AutoJersey | #Jordan Rookie Jersey | #JoshAllen GoldBGS9.5 | #JustinHerbert Hidden TreasureRPA | #KAWHI BASKET | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | $ | (39.40 | ) | $ | - | $ | - | $ | (31,111.64 | ) | $ | (42,028.18 | ) | |||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain (-)/Loss (+) on Sale of Assets | 39.40 | - | - | - | ||||||||||||||||
Impairment Loss on Series | - | - | - | 31,111.64 | 42,028.18 | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | - | - | - | - | - | |||||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | - | - | - | - | - | |||||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliate CTI | - | - | - | - | - | |||||||||||||||
Due to Affiliate CSAM | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | - | - | - | - | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | 0.00 | - | - | - | - | |||||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | - | - | - | - | - | |||||||||||||||
Proceeds From Sale of Collectable Assets | 130,000.00 | |||||||||||||||||||
Net Cash provided by (used in) Investing Activities | 130,000.00 | - | - | - | - | |||||||||||||||
Cash Flows From Financing Activities: | ||||||||||||||||||||
Capital Contributions | - | - | - | - | - | |||||||||||||||
Distributions to equity holders | (130,000.00 | ) | - | - | - | - | ||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | (130,000.00 | ) | - | - | - | - | ||||||||||||||
Net increase (decrease) in cash | 0.00 | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | $ | 0.00 | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Operations: | ||||||||||||||||||||
Other Current Liability prior years written off against Gain/(Loss) on Series | $ | 930.30 | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests surrendered by asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset manager as consideration | $ | - | $ | - | $ | - | $ | - | $ | - |
See accompanying notes, which are an integral part of these financial statements.
F-233
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2022
#KOBEREEBOK IVERSONRETROS | #KOUFAX 1955PSA8.5 | #KOUFAX 55PSA9 | #KareemPoints RecordBall | #KevinDurant HSJersey | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | $ | (64,125.70 | ) | $ | - | $ | (104,500.04 | ) | $ | (263,609.88 | ) | $ | (108,302.00 | ) | ||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain (-)/Loss (+) on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | 64,125.70 | - | 104,500.04 | 263,609.88 | 108,302.00 | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | - | - | - | (850.00 | ) | - | ||||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | - | - | - | (850.00 | ) | - | ||||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliate CTI | - | - | - | - | - | |||||||||||||||
Due to Affiliate CSAM | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | - | - | 850.00 | - | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | - | - | - | (850.00 | ) | - | ||||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | - | - | - | (286,650.00 | ) | - | ||||||||||||||
Proceeds From Sale of Collectable Assets | ||||||||||||||||||||
Net Cash provided by (used in) Investing Activities | - | - | - | (286,650.00 | ) | - | ||||||||||||||
Cash Flows From Financing Activities: | ||||||||||||||||||||
Capital Contributions | - | - | - | 287,500.00 | - | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | - | - | - | 287,500.00 | - | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Operations: | ||||||||||||||||||||
Other Current Liability prior years written off against Gain/(Loss) on Series | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests surrendered by asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset seller as consideration | $ | - | $ | - | $ | - | $ | 87,500.00 | $ | - | ||||||||||
Membership Interests issued to asset manager as consideration | $ | - | $ | - | $ | - | $ | 17,500.00 | $ | - |
See accompanying notes, which are an integral part of these financial statements.
F-234
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2022
#Kobe1997 AirBallGame UsedShoes | #KobeBlack HistoryMonth FinalSeasonShoes | #KobeBryant 2001Warm UpJacket | #KobeBryant FirstWhite #24Jersey | #KobeBryant RookieSneakers | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | $ | - | $ | (28,041.50 | ) | $ | (134,650.94 | ) | $ | (385,275.81 | ) | $ | 16,510.00 | |||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain (-)/Loss (+) on Sale of Assets | - | - | - | - | (16,510.00 | ) | ||||||||||||||
Impairment Loss on Series | - | 28,041.50 | 134,650.94 | 385,275.81 | - | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | (400.00 | ) | (1,005.00 | ) | (995.00 | ) | - | - | ||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | (400.00 | ) | (1,005.00 | ) | (995.00 | ) | - | - | ||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliate CTI | - | - | - | - | - | |||||||||||||||
Due to Affiliate CSAM | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 400.00 | 1,005.00 | 995.00 | - | - | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | (400.00 | ) | (1,005.00 | ) | (995.00 | ) | - | - | ||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | (43,350.00 | ) | (70,995.00 | ) | (199,005.00 | ) | - | - | ||||||||||||
Proceeds From Sale of Collectable Assets | 152,500.00 | |||||||||||||||||||
Net Cash provided by (used in) Investing Activities | (43,350.00 | ) | (70,995.00 | ) | (199,005.00 | ) | - | 152,500.00 | ||||||||||||
Cash Flows From Financing Activities: | ||||||||||||||||||||
Capital Contributions | 43,750.00 | 72,000.00 | 200,000.00 | - | - | |||||||||||||||
Distributions to equity holders | - | - | - | - | (152,500.00 | ) | ||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | 43,750.00 | 72,000.00 | 200,000.00 | - | (152,500.00 | ) | ||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Operations: | ||||||||||||||||||||
Other Current Liability prior years written off against Gain/(Loss) on Series | $ | - | $ | - | $ | - | $ | - | $ | 1,005.00 | ||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests surrendered by asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset seller as consideration | $ | 81,650.00 | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset manager as consideration | $ | 6,900.00 | $ | 5,200.00 | $ | 9,100.00 | $ | - | $ | - |
See accompanying notes, which are an integral part of these financial statements.
F-235
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2022
#KobeBryant RoyalBlue JordanSneakers | #KobeFinal SeasonSneakers | #KobeLeBron JordanMagic QuadAuto | #Koufax PSA8 | #LBJ Exquisite | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | $ | (52,568.50 | ) | $ | (43,003.38 | ) | $ | (85,521.08 | ) | $ | (16,405.24 | ) | $ | (597,157.91 | ) | |||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain (-)/Loss (+) on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | 52,568.50 | 43,003.38 | 85,521.08 | 16,405.24 | 597,157.91 | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | - | - | (1,010.00 | ) | (1,090.00 | ) | - | |||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | - | - | (1,010.00 | ) | (1,090.00 | ) | - | |||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliate CTI | - | - | - | - | - | |||||||||||||||
Due to Affiliate CSAM | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | - | 1,010.00 | 1,090.00 | - | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | - | - | (1,010.00 | ) | (1,090.00 | ) | - | |||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | - | - | (120,490.00 | ) | (36,760.00 | ) | - | |||||||||||||
Proceeds From Sale of Collectable Assets | ||||||||||||||||||||
Net Cash provided by (used in) Investing Activities | - | - | (120,490.00 | ) | (36,760.00 | ) | - | |||||||||||||
Cash Flows From Financing Activities: | ||||||||||||||||||||
Capital Contributions | - | - | 121,500.00 | 37,850.00 | - | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | - | - | 121,500.00 | 37,850.00 | - | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Operations: | ||||||||||||||||||||
Other Current Liability prior years written off against Gain/(Loss) on Series | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests surrendered by asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset manager as consideration | $ | - | $ | - | $ | 5,500.00 | $ | 6,600.00 | $ | - |
See accompanying notes, which are an integral part of these financial statements.
F-236
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2022
#LBJKobe ToppsBasket | #LEBRON BLACK REFRACTOR | #LEBRON EMBLEMSOF ENDORSEMENT | #LEBRON MELOW ADETRIORC | #LEBRON ROOKIE | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | $ | (7,465.21 | ) | $ | (54,865.94 | ) | $ | (157,882.01 | ) | $ | (287,477.38 | ) | $ | 28,696.58 | ||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain (-)/Loss (+) on Sale of Assets | - | - | - | - | (28,696.58 | ) | ||||||||||||||
Impairment Loss on Series | 7,465.21 | 54,865.94 | 157,882.01 | 287,477.38 | - | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | - | - | - | - | - | |||||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | - | - | - | - | - | |||||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliate CTI | - | - | - | - | - | |||||||||||||||
Due to Affiliate CSAM | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | - | - | - | - | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | - | - | - | - | - | |||||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | (15,000.00 | ) | - | - | - | - | ||||||||||||||
Proceeds From Sale of Collectable Assets | 75,000.00 | |||||||||||||||||||
Net Cash provided by (used in) Investing Activities | (15,000.00 | ) | - | - | - | 75,000.00 | ||||||||||||||
Cash Flows From Financing Activities: | ||||||||||||||||||||
Capital Contributions | 15,000.00 | - | - | - | - | |||||||||||||||
Distributions to equity holders | - | - | - | - | (75,000.00 | ) | ||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | 15,000.00 | - | - | - | (75,000.00 | ) | ||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Operations: | ||||||||||||||||||||
Other Current Liability prior years written off against Gain/(Loss) on Series | $ | - | $ | - | $ | - | $ | - | $ | 2,273.29 | ||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests surrendered by asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset manager as consideration | $ | 1,800.00 | $ | - | $ | - | $ | - | $ | - |
See accompanying notes, which are an integral part of these financial statements.
F-237
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2022
#LEBRON ULTIMATE | #LUKADONCICGU ROOKIE SNEAKERS | #LeBron BlackDiamond | #LeBron Credentials | #LeBronMelo Bosh2008 TripleLogoMan | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | $ | (118,824.86 | ) | $ | 23,269.00 | $ | (46,369.85 | ) | $ | (151,238.27 | ) | $ | (232,179.72 | ) | ||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain (-)/Loss (+) on Sale of Assets | - | (29,720.00 | ) | - | - | - | ||||||||||||||
Impairment Loss on Series | 118,824.86 | - | 46,369.85 | 151,238.27 | 232,179.72 | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | - | (985.00 | ) | - | - | - | ||||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | - | (985.00 | ) | - | - | - | ||||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | 6,451.00 | - | - | - | |||||||||||||||
Due to Affiliate CTI | - | - | - | - | - | |||||||||||||||
Due to Affiliate CSAM | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | - | - | - | - | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | - | (1,970.00 | ) | - | - | - | ||||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | - | (65,030.00 | ) | - | (175,000.00 | ) | - | |||||||||||||
Proceeds From Sale of Collectable Assets | 115,000.00 | |||||||||||||||||||
Net Cash provided by (used in) Investing Activities | - | 49,970.00 | - | (175,000.00 | ) | - | ||||||||||||||
Cash Flows From Financing Activities: | ||||||||||||||||||||
Capital Contributions | - | 67,000.00 | - | 175,000.00 | - | |||||||||||||||
Distributions to equity holders | - | (115,000.00 | ) | - | - | - | ||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | - | (48,000.00 | ) | - | 175,000.00 | - | ||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Operations: | ||||||||||||||||||||
Other Current Liability prior years written off against Gain/(Loss) on Series | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests surrendered by asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset seller as consideration | $ | - | $ | 15,000.00 | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset manager as consideration | $ | - | $ | 5,250.00 | $ | - | $ | 21,000.00 | $ | - |
See accompanying notes, which are an integral part of these financial statements.
F-238
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2022
#LeBron MeloDual Logoman | #LeBron RookieShoes | #LouGehrig RCPhoto | #LukaRookie Jersey | #LukaWhite Sparkle | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | $ | (725,558.15 | ) | $ | (108,640.59 | ) | $ | (5,824.99 | ) | $ | (161,167.67 | ) | $ | (439,829.01 | ) | |||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain (-)/Loss (+) on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | 725,558.15 | 108,640.59 | 5,824.99 | 161,167.67 | 439,829.01 | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | - | (1,075.00 | ) | (1,012.60 | ) | - | - | |||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | - | (1,075.00 | ) | (1,012.60 | ) | - | - | |||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliate CTI | - | - | - | - | - | |||||||||||||||
Due to Affiliate CSAM | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | 1,075.00 | 1,012.60 | - | - | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | - | (1,075.00 | ) | (1,012.60 | ) | - | - | |||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | - | (448,925.00 | ) | (24,727.40 | ) | - | - | |||||||||||||
Proceeds From Sale of Collectable Assets | ||||||||||||||||||||
Net Cash provided by (used in) Investing Activities | - | (448,925.00 | ) | (24,727.40 | ) | - | - | |||||||||||||
Cash Flows From Financing Activities: | ||||||||||||||||||||
Capital Contributions | - | 450,000.00 | 25,740.00 | - | - | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | - | 450,000.00 | 25,740.00 | - | - | |||||||||||||||
Net increase (decrease) in cash | - | - | (0.00 | ) | - | - | ||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | $ | - | $ | - | $ | (0.00 | ) | $ | - | $ | - | |||||||||
Supplemental Disclosure of Non-Cash Operations: | ||||||||||||||||||||
Other Current Liability prior years written off against Gain/(Loss) on Series | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests surrendered by asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset seller as consideration | $ | - | $ | - | $ | 25,760.00 | $ | - | $ | - | ||||||||||
Membership Interests issued to asset manager as consideration | $ | - | $ | 16,000.00 | $ | 2,760.00 | $ | - | $ | - |
See accompanying notes, which are an integral part of these financial statements.
F-239
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2022
#MAGICBIRDDRJ | #MAGICBIRDDR JPSA8BASKET | #MAGICBIRD LOGOMAN | #MAHOMES EMERAL DRPABGS9 | #MAHOMES ROOKIE | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | $ | - | $ | (20,274.58 | ) | $ | (289,637.60 | ) | $ | 35,130.00 | $ | - | ||||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain (-)/Loss (+) on Sale of Assets | - | - | - | (35,130.00 | ) | - | ||||||||||||||
Impairment Loss on Series | - | 20,274.58 | 289,637.60 | - | - | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | - | - | - | - | - | |||||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | - | - | - | - | - | |||||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliate CTI | - | - | - | - | - | |||||||||||||||
Due to Affiliate CSAM | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | - | - | - | - | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | - | - | - | - | - | |||||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | - | - | - | - | - | |||||||||||||||
Proceeds From Sale of Collectable Assets | 115,000.00 | |||||||||||||||||||
Net Cash provided by (used in) Investing Activities | - | - | - | 115,000.00 | - | |||||||||||||||
Cash Flows From Financing Activities: | ||||||||||||||||||||
Capital Contributions | - | - | - | - | - | |||||||||||||||
Distributions to equity holders | - | - | - | (115,000.00 | ) | - | ||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | - | - | - | (115,000.00 | ) | - | ||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
�� | ||||||||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Operations: | ||||||||||||||||||||
Other Current Liability prior years written off against Gain/(Loss) on Series | $ | - | $ | - | $ | - | $ | 1,235.00 | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests surrendered by asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset manager as consideration | $ | - | $ | - | $ | - | $ | - | $ | - |
See accompanying notes, which are an integral part of these financial statements.
F-240
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2022
#MANTLE1952 TOPPSPSA8 | #MANTLE1960 PSA9 | #MANTLE52 TOPPSPSA7 | #MANTLE54 BOWMAN BASKET | #MANTLEMINT 1953 | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | $ | - | $ | - | $ | - | $ | (22,362.71 | ) | $ | - | |||||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain (-)/Loss (+) on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | - | - | - | 22,362.71 | - | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | - | 35,972.00 | - | - | - | |||||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | - | - | - | - | - | |||||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliate CTI | - | - | - | - | - | |||||||||||||||
Due to Affiliate CSAM | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | (35,972.00 | ) | - | - | - | ||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | - | - | - | - | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | - | - | - | - | - | |||||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | - | - | (285,000.00 | ) | - | - | ||||||||||||||
Proceeds From Sale of Collectable Assets | ||||||||||||||||||||
Net Cash provided by (used in) Investing Activities | - | - | (285,000.00 | ) | - | - | ||||||||||||||
Cash Flows From Financing Activities: | ||||||||||||||||||||
Capital Contributions | - | - | 285,000.00 | - | - | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | - | - | 285,000.00 | - | - | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Operations: | ||||||||||||||||||||
Other Current Liability prior years written off against Gain/(Loss) on Series | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests surrendered by asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset seller as consideration | $ | - | $ | - | $ | 14,000.00 | $ | - | $ | - | ||||||||||
Membership Interests issued to asset manager as consideration | $ | - | $ | - | $ | 17,000.00 | $ | - | $ | - |
See accompanying notes, which are an integral part of these financial statements.
F-241
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2022
#MARINO1984 ROOKIECARD BGS10BASKET | #MARINO MANNINGFAVRE JERSEYS | #MAYS1951 BOWMAN7 | #MAYS1952 PSA8 | #MAYS1959 PSA9BASKET | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | $ | (9,293.75 | ) | $ | (11,190.59 | ) | $ | (33,836.88 | ) | $ | (26,805.33 | ) | $ | - | ||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain (-)/Loss (+) on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | 9,293.75 | 11,190.59 | 33,836.88 | 26,805.33 | - | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | - | - | - | - | - | |||||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | - | - | - | - | - | |||||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliate CTI | - | - | - | - | - | |||||||||||||||
Due to Affiliate CSAM | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | - | - | - | - | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | - | - | - | - | - | |||||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | (16,500.00 | ) | - | - | - | - | ||||||||||||||
Proceeds From Sale of Collectable Assets | ||||||||||||||||||||
Net Cash provided by (used in) Investing Activities | (16,500.00 | ) | - | - | - | - | ||||||||||||||
Cash Flows From Financing Activities: | ||||||||||||||||||||
Capital Contributions | 16,500.00 | - | - | - | - | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | 16,500.00 | - | - | - | - | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Operations: | ||||||||||||||||||||
Other Current Liability prior years written off against Gain/(Loss) on Series | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests surrendered by asset seller as consideration | $ | - | $ | - | $ | - | $ | 55,000.00 | $ | - | ||||||||||
Membership Interests issued to asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset manager as consideration | $ | 3,080.00 | $ | - | $ | - | $ | - | $ | - |
See accompanying notes, which are an integral part of these financial statements.
F-242
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2022
#MAYS1960 PSA9 | #MAYWEATHER RCPSA10 | #MESSI ROOKIE BASKET | #MIKANRC PHOTO | #MLBAll StarGameTicket RunCollection | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | $ | (926.36 | ) | $ | (16,290.30 | ) | $ | (47,908.24 | ) | $ | 27,170.00 | $ | (27,621.25 | ) | ||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain (-)/Loss (+) on Sale of Assets | - | - | - | (27,170.00 | ) | - | ||||||||||||||
Impairment Loss on Series | 926.36 | 16,290.30 | 47,908.24 | - | 27,621.25 | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | - | - | - | - | (1,010.00 | ) | ||||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | - | - | - | - | (1,010.00 | ) | ||||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliate CTI | - | - | - | - | - | |||||||||||||||
Due to Affiliate CSAM | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | - | - | - | 1,010.00 | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | - | - | - | - | (1,010.00 | ) | ||||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | - | - | - | - | (46,490.00 | ) | ||||||||||||||
Proceeds From Sale of Collectable Assets | 82,500.00 | |||||||||||||||||||
Net Cash provided by (used in) Investing Activities | - | - | - | 82,500.00 | (46,490.00 | ) | ||||||||||||||
Cash Flows From Financing Activities: | ||||||||||||||||||||
Capital Contributions | - | - | - | - | 47,500.00 | |||||||||||||||
Distributions to equity holders | - | - | - | (82,500.00 | ) | - | ||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | - | - | - | (82,500.00 | ) | 47,500.00 | ||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Operations: | ||||||||||||||||||||
Other Current Liability prior years written off against Gain/(Loss) on Series | $ | - | $ | - | $ | - | $ | 1,085.00 | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests surrendered by asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset manager as consideration | $ | - | $ | - | $ | - | $ | - | $ | 3,400.00 |
See accompanying notes, which are an integral part of these financial statements.
F-243
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2022
#MLBHALLOF FAMEBASEBALL | #MONTANARC PSA10 | #MOOKIEBETTS GLOVE | #MPJ Championship Ticket | #MagicBird DrJ1980PSA9 (BH SPORTS | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | $ | (72,140.75 | ) | $ | (17,120.70 | ) | $ | (44,307.81 | ) | $ | (27,550.58 | ) | $ | (16,306.37 | ) | |||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain (-)/Loss (+) on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | 72,140.75 | 17,120.70 | 44,307.81 | 27,550.58 | 16,306.37 | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | - | - | - | - | (1,100.50 | ) | ||||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | - | - | - | - | (1,100.50 | ) | ||||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliate CTI | - | - | - | - | - | |||||||||||||||
Due to Affiliate CSAM | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | - | - | - | 1,100.50 | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | - | - | - | - | (1,100.50 | ) | ||||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | - | - | - | - | (28,849.50 | ) | ||||||||||||||
Proceeds From Sale of Collectable Assets | ||||||||||||||||||||
Net Cash provided by (used in) Investing Activities | - | - | - | - | (28,849.50 | ) | ||||||||||||||
Cash Flows From Financing Activities: | ||||||||||||||||||||
Capital Contributions | - | - | - | - | 29,950.00 | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | - | - | - | - | 29,950.00 | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Operations: | ||||||||||||||||||||
Other Current Liability prior years written off against Gain/(Loss) on Series | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests surrendered by asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset manager as consideration | $ | - | $ | - | $ | - | $ | - | $ | 3,000.00 |
See accompanying notes, which are an integral part of these financial statements.
F-244
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2022
#Mahomes BronzeBasket | #Mahomes Immaculate1of1 | #Mahomes NT1of1 | #Mahomes NT8.5 | #Mantle1952 BowmanPSA8 | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | $ | (15,608.00 | ) | $ | (112,054.32 | ) | $ | (1,043,978.71 | ) | $ | (74,439.25 | ) | $ | - | ||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain (-)/Loss (+) on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | 15,608.00 | 112,054.32 | 1,043,978.71 | 74,439.25 | - | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | - | - | - | - | - | |||||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | - | - | - | - | - | |||||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliate CTI | - | - | - | - | - | |||||||||||||||
Due to Affiliate CSAM | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | - | - | - | - | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | - | - | - | - | - | |||||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | - | - | - | - | - | |||||||||||||||
Proceeds From Sale of Collectable Assets | ||||||||||||||||||||
Net Cash provided by (used in) Investing Activities | - | - | - | - | - | |||||||||||||||
Cash Flows From Financing Activities: | ||||||||||||||||||||
Capital Contributions | - | - | - | - | - | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | - | - | - | - | - | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Operations: | ||||||||||||||||||||
Other Current Liability prior years written off against Gain/(Loss) on Series | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests surrendered by asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset manager as consideration | $ | - | $ | - | $ | - | $ | - | $ | - |
See accompanying notes, which are an integral part of these financial statements.
F-245
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2022
#Mantle1953 Bowman8Basket | #Mantle1953 Topps8 | #Mantle1956 PSA8Basket | #Mantle1957 ToppsPSA8.5 | #Mantle1964 Topps9 | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | $ | (22,052.25 | ) | $ | (1,733.64 | ) | $ | - | $ | (12,771.36 | ) | $ | (3,232.33 | ) | ||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain (-)/Loss (+) on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | 22,052.25 | 1,733.64 | - | 12,771.36 | 3,232.33 | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | - | - | - | - | - | |||||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | - | - | - | - | - | |||||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliate CTI | - | - | - | - | - | |||||||||||||||
Due to Affiliate CSAM | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | - | - | - | - | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | - | - | - | - | - | |||||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | - | - | - | - | - | |||||||||||||||
Proceeds From Sale of Collectable Assets | ||||||||||||||||||||
Net Cash provided by (used in) Investing Activities | - | - | - | - | - | |||||||||||||||
Cash Flows From Financing Activities: | ||||||||||||||||||||
Capital Contributions | - | - | - | - | - | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | - | - | - | - | - | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Operations: | ||||||||||||||||||||
Other Current Liability prior years written off against Gain/(Loss) on Series | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests surrendered by asset seller as consideration | $ | - | $ | - | $ | - | $ | 5,400.00 | $ | - | ||||||||||
Membership Interests issued to asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset manager as consideration | $ | - | $ | - | $ | - | $ | - | $ | - |
See accompanying notes, which are an integral part of these financial statements.
F-246
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2022
#Mantle1965 Topps9 | #Mantle1966 ToppsPSA9 Basket | #Mantle1967 Topps9 | #Mantle1968 PSA9Basket | #Mantle1969 Topps9 | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | $ | - | $ | (2,394.65 | ) | $ | (5,174.36 | ) | $ | (17,993.60 | ) | $ | - | |||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain (-)/Loss (+) on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | - | 2,394.65 | 5,174.36 | 17,993.60 | - | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | (1,250.50 | ) | - | (635.50 | ) | - | (3,060.00 | ) | ||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | (1,250.50 | ) | - | (685.50 | ) | - | (3,060.00 | ) | ||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliate CTI | - | - | - | - | - | |||||||||||||||
Due to Affiliate CSAM | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,250.50 | - | 635.50 | - | 3,060.00 | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | (1,250.50 | ) | - | (685.50 | ) | - | (3,060.00 | ) | ||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | (26,699.50 | ) | - | (19,264.50 | ) | - | (29,440.00 | ) | ||||||||||||
Proceeds From Sale of Collectable Assets | ||||||||||||||||||||
Net Cash provided by (used in) Investing Activities | (26,699.50 | ) | - | (19,264.50 | ) | - | (29,440.00 | ) | ||||||||||||
Cash Flows From Financing Activities: | ||||||||||||||||||||
Capital Contributions | 27,950.00 | - | 19,950.00 | - | 32,500.00 | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | 27,950.00 | - | 19,950.00 | - | 32,500.00 | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Operations: | ||||||||||||||||||||
Other Current Liability prior years written off against Gain/(Loss) on Series | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests surrendered by asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset seller as consideration | $ | 7,500.00 | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset manager as consideration | $ | 4,500.00 | $ | - | $ | 1,520.00 | $ | - | $ | 2,900.00 |
See accompanying notes, which are an integral part of these financial statements.
F-247
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2022
#Mantle51 BowmanSGC7 | #Mantle DebutStub | #Maris58 ToppsPSA9 | #Mays1951 Photo | #Mays1956 GrayPSA9 | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | $ | (19,166.57 | ) | $ | (85,723.88 | ) | $ | (6,896.46 | ) | $ | - | $ | (21,757.32 | ) | ||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain (-)/Loss (+) on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | 19,166.57 | 85,723.88 | 6,896.46 | - | 21,757.32 | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | (960.25 | ) | (1,012.50 | ) | - | - | - | |||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | (960.25 | ) | (1,012.50 | ) | - | - | - | |||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliate CTI | - | - | - | - | - | |||||||||||||||
Due to Affiliate CSAM | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 960.25 | 1,012.50 | - | - | - | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | (960.25 | ) | (1,012.50 | ) | - | - | - | |||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | (78,714.75 | ) | (80,237.50 | ) | - | - | - | |||||||||||||
Proceeds From Sale of Collectable Assets | ||||||||||||||||||||
Net Cash provided by (used in) Investing Activities | (78,714.75 | ) | (80,237.50 | ) | - | - | - | |||||||||||||
Cash Flows From Financing Activities: | ||||||||||||||||||||
Capital Contributions | 79,675.00 | 81,250.00 | - | - | - | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | 79,675.00 | 81,250.00 | - | - | - | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Operations: | ||||||||||||||||||||
Other Current Liability prior years written off against Gain/(Loss) on Series | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests surrendered by asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset seller as consideration | $ | - | $ | 30,000.00 | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset manager as consideration | $ | 4,170.00 | $ | 7,000.00 | $ | - | $ | - | $ | - |
See accompanying notes, which are an integral part of these financial statements.
F-248
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2022
#Messi Megacracks #71PSA9 | #Michael PorterJrBasket | #Mikan48 BowmanPSA7 | #NTBBall WaxBundle | #NadalNet ProGlossy | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | $ | (56,061.27 | ) | $ | (20,562.97 | ) | $ | (14,954.75 | ) | $ | (78,599.62 | ) | $ | - | ||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain (-)/Loss (+) on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | 56,061.27 | 20,562.97 | 14,954.75 | 78,599.62 | - | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | - | - | - | (975.00 | ) | (1,038.50 | ) | |||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | - | - | - | (975.00 | ) | (1,038.50 | ) | |||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliate CTI | - | - | - | - | - | |||||||||||||||
Due to Affiliate CSAM | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | - | - | 975.00 | 1,038.50 | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | - | - | - | (975.00 | ) | (1,038.50 | ) | |||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | - | - | - | (134,025.00 | ) | (17,611.50 | ) | |||||||||||||
Proceeds From Sale of Collectable Assets | ||||||||||||||||||||
Net Cash provided by (used in) Investing Activities | - | - | - | (134,025.00 | ) | (17,611.50 | ) | |||||||||||||
Cash Flows From Financing Activities: | ||||||||||||||||||||
Capital Contributions | - | - | - | 135,000.00 | 18,650.00 | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | - | - | - | 135,000.00 | 18,650.00 | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Operations: | ||||||||||||||||||||
Other Current Liability prior years written off against Gain/(Loss) on Series | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests surrendered by asset seller as consideration | $ | 25,000.00 | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | 10,000.00 | ||||||||||
Membership Interests issued to asset manager as consideration | $ | - | $ | - | $ | - | $ | 7,500.00 | $ | 2,000.00 |
See accompanying notes, which are an integral part of these financial statements.
F-249
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2022
#NegroLeague Legendary CutsBasket | #NolanRyan1968 MiltonBradley PSA9 | #NolanRyan1968 ToppsPSA8.5 | #OVECHKIN THECUPBGS8.5 | #OZZIESMITHRC BGS9.5 | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | $ | (59,607.27 | ) | $ | (45,279.92 | ) | $ | - | $ | - | $ | (54,009.10 | ) | |||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain (-)/Loss (+) on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | 59,607.27 | 45,279.92 | - | - | 54,009.10 | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | - | (1,030.00 | ) | (1,061.50 | ) | - | - | |||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | - | (1,030.00 | ) | (1,061.50 | ) | - | - | |||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliate CTI | - | - | - | - | - | |||||||||||||||
Due to Affiliate CSAM | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | 1,030.00 | 1,061.50 | - | - | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | - | (1,030.00 | ) | (1,061.50 | ) | - | - | |||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | - | (103,970.00 | ) | (17,788.50 | ) | - | - | |||||||||||||
Proceeds From Sale of Collectable Assets | ||||||||||||||||||||
Net Cash provided by (used in) Investing Activities | - | (103,970.00 | ) | (17,788.50 | ) | - | - | |||||||||||||
Cash Flows From Financing Activities: | ||||||||||||||||||||
Capital Contributions | - | 105,000.00 | 18,850.00 | - | - | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | - | 105,000.00 | 18,850.00 | - | - | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Operations: | ||||||||||||||||||||
Other Current Liability prior years written off against Gain/(Loss) on Series | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests surrendered by asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset seller as consideration | $ | - | $ | 49,500.00 | $ | 5,000.00 | $ | - | $ | - | ||||||||||
Membership Interests issued to asset manager as consideration | $ | - | $ | 18,000.00 | $ | 1,000.00 | $ | - | $ | - |
See accompanying notes, which are an integral part of these financial statements.
F-250
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2022
#Orange Dominguez | #OscarRobertson Cincinnati RoyalsJersey | #OttoGraham1950 BowmanPSA9 | #Ovechkin SPAuthBasket9.5 | #Ovechkin TheCupBGS GemMint9.5 | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | $ | (18,566.20 | ) | $ | 26,416.00 | $ | 20,645.00 | $ | (6,470.54 | ) | $ | (145,768.63 | ) | |||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain (-)/Loss (+) on Sale of Assets | - | (35,830.00 | ) | (26,133.00 | ) | - | - | |||||||||||||
Impairment Loss on Series | 18,566.20 | - | - | 6,470.54 | 145,768.63 | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | - | (915.00 | ) | (1,011.50 | ) | (1,290.10 | ) | (830.00 | ) | |||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | - | (915.00 | ) | (1,011.50 | ) | (1,290.10 | ) | (830.00 | ) | |||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | 9,414.00 | 5,488.00 | - | - | |||||||||||||||
Due to Affiliate CTI | - | - | - | - | - | |||||||||||||||
Due to Affiliate CSAM | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | - | - | 1,290.10 | 830.00 | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | - | (1,830.00 | ) | (2,023.00 | ) | (1,290.10 | ) | (830.00 | ) | |||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | �� | - | (154,170.00 | ) | (40,827.00 | ) | (28,699.90 | ) | (323,670.00 | ) | ||||||||||
Proceeds From Sale of Collectable Assets | 320,000.00 | 70,000.00 | ||||||||||||||||||
Net Cash provided by (used in) Investing Activities | - | 165,830.00 | 29,173.00 | (28,699.90 | ) | (323,670.00 | ) | |||||||||||||
Cash Flows From Financing Activities: | ||||||||||||||||||||
Capital Contributions | - | 156,000.00 | 42,850.00 | 29,990.00 | 324,500.00 | |||||||||||||||
Distributions to equity holders | - | (320,000.00 | ) | (70,000.00 | ) | - | - | |||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | - | (164,000.00 | ) | (27,150.00 | ) | 29,990.00 | 324,500.00 | |||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Operations: | ||||||||||||||||||||
Other Current Liability prior years written off against Gain/(Loss) on Series | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests surrendered by asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset seller as consideration | $ | - | $ | 112,500.00 | $ | - | $ | - | $ | 100,000.00 | ||||||||||
Membership Interests issued to asset manager as consideration | $ | - | $ | 17,500.00 | $ | 3,040.00 | $ | 2,390.00 | $ | 44,000.00 |
See accompanying notes, which are an integral part of these financial statements.
F-251
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2022
#PaulMolitor 1978ToppsPSA10 | #PaulPierce2010 ASGJersey | #Pele1958 AmericanaPSA3 | #PeytonManning MVPHelmet | #RICKEYHENDER SONRCPSA10 | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | $ | (18,935.94 | ) | $ | (26,336.00 | ) | $ | (49,513.47 | ) | $ | (18,774.74 | ) | $ | (58,664.51 | ) | |||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain (-)/Loss (+) on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | 18,935.94 | 26,336.00 | 49,513.47 | 18,774.74 | 58,664.51 | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | (1,017.50 | ) | - | (1,002.50 | ) | - | - | |||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | (1,017.50 | ) | - | (1,002.50 | ) | - | - | |||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliate CTI | - | - | - | - | - | |||||||||||||||
Due to Affiliate CSAM | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,017.50 | - | 1,002.50 | - | - | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | (1,017.50 | ) | - | (1,002.50 | ) | - | - | |||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | (38,732.50 | ) | - | (118,247.50 | ) | - | - | |||||||||||||
Proceeds From Sale of Collectable Assets | ||||||||||||||||||||
Net Cash provided by (used in) Investing Activities | (38,732.50 | ) | - | (118,247.50 | ) | - | - | |||||||||||||
Cash Flows From Financing Activities: | ||||||||||||||||||||
Capital Contributions | 39,750.00 | - | 119,250.00 | - | - | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | 39,750.00 | - | 119,250.00 | - | - | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Operations: | ||||||||||||||||||||
Other Current Liability prior years written off against Gain/(Loss) on Series | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests surrendered by asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset seller as consideration | $ | 10,000.00 | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset manager as consideration | $ | 4,240.00 | $ | - | $ | 7,490.00 | $ | - | $ | - |
See accompanying notes, which are an integral part of these financial statements.
F-252
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2022
#RONALDO2002 PANINIFUTEBOL STICKERSPSA10 | #RONALDO2003 PANINIMEGA CRAQUESPSA10 | #RUTH33 GOUDEYSGC8 | #RUTHGEHRIG BALL | #RipkenRookie Jersey&Card Basket | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | $ | (49,849.30 | ) | $ | (170,975.47 | ) | $ | - | $ | - | $ | (35,470.17 | ) | |||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain (-)/Loss (+) on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | 49,849.30 | 170,975.47 | - | - | 35,470.17 | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | (965.00 | ) | (875.00 | ) | - | - | (956.50 | ) | ||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | (965.00 | ) | (875.00 | ) | - | - | (956.50 | ) | ||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliate CTI | - | - | - | - | - | |||||||||||||||
Due to Affiliate CSAM | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 965.00 | 875.00 | - | - | 956.50 | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | (965.00 | ) | (875.00 | ) | - | - | (956.50 | ) | ||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | (58,535.00 | ) | (161,125.00 | ) | - | - | (140,893.50 | ) | ||||||||||||
Proceeds From Sale of Collectable Assets | ||||||||||||||||||||
Net Cash provided by (used in) Investing Activities | (58,535.00 | ) | (161,125.00 | ) | - | - | (140,893.50 | ) | ||||||||||||
Cash Flows From Financing Activities: | ||||||||||||||||||||
Capital Contributions | 59,500.00 | 162,000.00 | - | - | 141,850.00 | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | 59,500.00 | 162,000.00 | - | - | 141,850.00 | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Operations: | ||||||||||||||||||||
Other Current Liability prior years written off against Gain/(Loss) on Series | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests surrendered by asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset seller as consideration | $ | 50,000.00 | $ | 143,500.00 | $ | - | $ | - | $ | 6,750.00 | ||||||||||
Membership Interests issued to asset manager as consideration | $ | 6,000.00 | $ | 20,090.00 | $ | - | $ | - | $ | 10,800.00 |
See accompanying notes, which are an integral part of these financial statements.
F-253
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2022
#RodgersPlayoff Contenders Green | #Roy Campanella1949 BowmanPSA9 | #Ruth1914 NewsSGC3 | #Sadaharu OhBat | #SandyKoufax1956 ToppsGray BackPSA9 | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | $ | - | $ | (23,100.00 | ) | $ | - | $ | (5,780.44 | ) | $ | (4,944.60 | ) | |||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain (-)/Loss (+) on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | - | 23,100.00 | - | 5,780.44 | 4,944.60 | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | - | - | - | - | (267.50 | ) | ||||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | - | - | - | - | (267.50 | ) | ||||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliate CTI | - | - | - | - | - | |||||||||||||||
Due to Affiliate CSAM | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | - | - | - | 267.50 | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | - | - | - | - | (267.50 | ) | ||||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | - | (55,000.00 | ) | - | - | (33,482.50 | ) | |||||||||||||
Proceeds From Sale of Collectable Assets | ||||||||||||||||||||
Net Cash provided by (used in) Investing Activities | - | (55,000.00 | ) | - | - | (33,482.50 | ) | |||||||||||||
Cash Flows From Financing Activities: | ||||||||||||||||||||
Capital Contributions | - | 55,000.00 | - | - | 33,750.00 | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | - | 55,000.00 | - | - | 33,750.00 | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Operations: | ||||||||||||||||||||
Other Current Liability prior years written off against Gain/(Loss) on Series | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests surrendered by asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset manager as consideration | $ | - | $ | 6,600.00 | $ | - | $ | - | $ | 2,340.00 |
See accompanying notes, which are an integral part of these financial statements.
F-254
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2022
#SatchelPaige48 LeafSGC30 | #SeagerOrange RefractorBasket | #Serena03 NetProPSA10 Basket | #ShoelessJoe Jackson1915 PSA8 | #StephCurry Sneakers | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | $ | (12,192.93 | ) | $ | (11,100.00 | ) | $ | - | $ | (54,065.67 | ) | $ | - | |||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain (-)/Loss (+) on Sale of Assets | - | 11,100.00 | - | - | - | |||||||||||||||
Impairment Loss on Series | 12,192.93 | - | - | 54,065.67 | - | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | - | - | - | (1,227.50 | ) | - | ||||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | 5.00 | - | - | (1,227.50 | ) | - | ||||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliate CTI | - | - | - | - | - | |||||||||||||||
Due to Affiliate CSAM | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | - | - | 1,227.50 | - | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | 5.00 | - | - | (1,227.50 | ) | - | ||||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | (5.00 | ) | - | - | (88,522.50 | ) | - | |||||||||||||
Proceeds From Sale of Collectable Assets | 3,500.00 | |||||||||||||||||||
Net Cash provided by (used in) Investing Activities | (5.00 | ) | 3,500.00 | - | (88,522.50 | ) | - | |||||||||||||
Cash Flows From Financing Activities: | ||||||||||||||||||||
Capital Contributions | - | - | - | 89,750.00 | - | |||||||||||||||
Distributions to equity holders | - | (3,500.00 | ) | - | - | - | ||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | - | (3,500.00 | ) | - | 89,750.00 | - | ||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Operations: | ||||||||||||||||||||
Other Current Liability prior years written off against Gain/(Loss) on Series | $ | - | $ | 1,140.00 | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests surrendered by asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset manager as consideration | $ | - | $ | - | $ | - | $ | 10,200.00 | $ | - |
See accompanying notes, which are an integral part of these financial statements.
F-255
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2022
#TATISBOWMAN BLACKLABEL | #TATUMFLAW LESS10 | #TIGER PUTTER | #TIGER SPAUTHENTIC BGS9.5 | #TRAEYOUNGFLAW LESSBGS9 | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | $ | (154,336.25 | ) | $ | 54,580.00 | $ | - | $ | (21,189.24 | ) | $ | (8,252.95 | ) | |||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain (-)/Loss (+) on Sale of Assets | - | (54,580.00 | ) | - | - | - | ||||||||||||||
Impairment Loss on Series | 154,336.25 | - | - | 21,189.24 | 8,252.95 | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | - | - | - | - | - | |||||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | - | - | - | - | - | |||||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliate CTI | - | - | - | - | - | |||||||||||||||
Due to Affiliate CSAM | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | - | - | - | - | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | - | - | - | - | - | |||||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | - | - | - | - | - | |||||||||||||||
Proceeds From Sale of Collectable Assets | 100,000.00 | |||||||||||||||||||
Net Cash provided by (used in) Investing Activities | - | 100,000.00 | - | - | - | |||||||||||||||
Cash Flows From Financing Activities: | ||||||||||||||||||||
Capital Contributions | - | - | - | - | - | |||||||||||||||
Distributions to equity holders | - | (100,000.00 | ) | - | - | - | ||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | - | (100,000.00 | ) | - | - | - | ||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Operations: | ||||||||||||||||||||
Other Current Liability prior years written off against Gain/(Loss) on Series | $ | - | $ | 1,090.00 | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests surrendered by asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset seller as consideration | $ | - | $ | - | $ | 5,130.00 | $ | - | $ | - | ||||||||||
Membership Interests issued to asset manager as consideration | $ | - | $ | - | $ | - | $ | - | $ | - |
See accompanying notes, which are an integral part of these financial statements.
F-256
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2022
#TYSONRCBGS9 BASKET | #TatumFlawless GoldBGS9.5 | #TedWilliams 1939PlayBall | #TheRockBumble BeePSA10 | #Tiger1st EventStub | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | $ | (41,307.96 | ) | $ | (16,885.00 | ) | $ | - | $ | (26,665.00 | ) | $ | (65,762.22 | ) | ||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain (-)/Loss (+) on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | 41,307.96 | 16,885.00 | - | 26,665.00 | 65,762.22 | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | - | (1,115.00 | ) | - | - | (999.50 | ) | |||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | - | (1,115.00 | ) | - | - | (999.50 | ) | |||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliate CTI | - | - | - | - | - | |||||||||||||||
Due to Affiliate CSAM | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | 1,115.00 | - | - | 999.50 | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | - | (1,115.00 | ) | - | - | (999.50 | ) | |||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | - | (44,885.00 | ) | - | - | (71,550.50 | ) | |||||||||||||
Proceeds From Sale of Collectable Assets | ||||||||||||||||||||
Net Cash provided by (used in) Investing Activities | - | (44,885.00 | ) | - | - | (71,550.50 | ) | |||||||||||||
Cash Flows From Financing Activities: | ||||||||||||||||||||
Capital Contributions | - | 46,000.00 | - | - | 72,550.00 | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | - | 46,000.00 | - | - | 72,550.00 | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Operations: | ||||||||||||||||||||
Other Current Liability prior years written off against Gain/(Loss) on Series | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests surrendered by asset seller as consideration | $ | 12,000.00 | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset seller as consideration | $ | - | $ | 10,000.00 | $ | - | $ | - | $ | 16,000.00 | ||||||||||
Membership Interests issued to asset manager as consideration | $ | - | $ | 4,000.00 | $ | - | $ | - | $ | 6,400.00 |
See accompanying notes, which are an integral part of these financial statements.
F-257
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2022
#Tiger SIforKids | #TigerWoods DebutTicket | #TimDuncan PMGGreen | #TraeYoung FlawlessGreen BGS9 | #Trevor LawrenceLeaf Basket | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | $ | - | $ | (44,543.19 | ) | $ | - | $ | (8,965.00 | ) | $ | (6,720.73 | ) | |||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain (-)/Loss (+) on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | - | 44,543.19 | - | 8,965.00 | 6,720.73 | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | - | (990.00 | ) | - | - | - | ||||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | - | (990.00 | ) | - | - | - | ||||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliate CTI | - | - | - | - | - | |||||||||||||||
Due to Affiliate CSAM | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | 990.00 | - | - | - | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | - | (990.00 | ) | - | - | - | ||||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | - | (77,510.00 | ) | - | - | - | ||||||||||||||
Proceeds From Sale of Collectable Assets | ||||||||||||||||||||
Net Cash provided by (used in) Investing Activities | - | (77,510.00 | ) | - | - | - | ||||||||||||||
Cash Flows From Financing Activities: | ||||||||||||||||||||
Capital Contributions | - | 78,500.00 | - | - | - | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | - | 78,500.00 | - | - | - | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Operations: | ||||||||||||||||||||
Other Current Liability prior years written off against Gain/(Loss) on Series | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests surrendered by asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset manager as consideration | $ | - | $ | 4,900.00 | $ | - | $ | - | $ | - |
See accompanying notes, which are an integral part of these financial statements.
F-258
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2022
#TroutFinest Superfractor | #UNITAS1965 JERSEY | #Unitas PSA8 | #WILTCHAMBER LAIN61PSA9 | #Warren Spahn1948 LeafPSA9 | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | $ | (166,771.99 | ) | $ | - | $ | (8,604.67 | ) | $ | - | $ | (41,313.55 | ) | |||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain (-)/Loss (+) on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | 166,771.99 | - | 8,604.67 | - | 41,313.55 | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | - | - | - | - | - | |||||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | - | - | - | - | - | |||||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliate CTI | - | - | - | - | - | |||||||||||||||
Due to Affiliate CSAM | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | - | - | - | - | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | - | - | - | - | - | |||||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | - | - | - | - | (86,000.00 | ) | ||||||||||||||
Proceeds From Sale of Collectable Assets | ||||||||||||||||||||
Net Cash provided by (used in) Investing Activities | - | - | - | - | (86,000.00 | ) | ||||||||||||||
Cash Flows From Financing Activities: | ||||||||||||||||||||
Capital Contributions | - | - | - | - | 86,000.00 | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | - | - | - | - | 86,000.00 | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Operations: | ||||||||||||||||||||
Other Current Liability prior years written off against Gain/(Loss) on Series | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests surrendered by asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset manager as consideration | $ | - | $ | - | $ | - | $ | - | $ | 6,750.00 |
See accompanying notes, which are an integral part of these financial statements.
F-259
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2022
#Wilt Chamberlain1961 FleerRCPSA9 | #WiltChamberlain 61PSA9 | #YASTRZEMSKIR C9BASKET | #YaoDuncanDirk TripleLogoman | #ZION RPABGS9 | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | $ | (66,616.27 | ) | $ | - | $ | (3,874.00 | ) | $ | (118,647.50 | ) | $ | (57,645.87 | ) | ||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain (-)/Loss (+) on Sale of Assets | - | - | 3,874.00 | - | - | |||||||||||||||
Impairment Loss on Series | 66,616.27 | - | - | 118,647.50 | 57,645.87 | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | (0.50 | ) | - | - | (3,190.00 | ) | - | |||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | - | - | - | (3,190.00 | ) | - | ||||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Taxes Payable | - | - | - | - | - | |||||||||||||||
Due to Affiliate CTI | - | - | - | - | - | |||||||||||||||
Due to Affiliate CSAM | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 0.50 | - | - | 3,190.00 | - | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | - | - | - | (3,190.00 | ) | - | ||||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | (319,999.50 | ) | - | - | (85,310.00 | ) | - | |||||||||||||
Proceeds From Sale of Collectable Assets | 36,000.00 | |||||||||||||||||||
Net Cash provided by (used in) Investing Activities | (319,999.50 | ) | - | 36,000.00 | (85,310.00 | ) | - | |||||||||||||
Cash Flows From Financing Activities: | ||||||||||||||||||||
Capital Contributions | 319,999.50 | - | - | 88,500.00 | - | |||||||||||||||
Distributions to equity holders | - | - | (36,000.00 | ) | - | - | ||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | 319,999.50 | - | (36,000.00 | ) | 88,500.00 | - | ||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Operations: | ||||||||||||||||||||
Other Current Liability prior years written off against Gain/(Loss) on Series | $ | - | $ | - | $ | 1,048.00 | $ | - | $ | - | ||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests surrendered by asset seller as consideration | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Membership Interests issued to asset seller as consideration | $ | - | $ | - | $ | - | $ | 75,000.00 | $ | - | ||||||||||
Membership Interests issued to asset manager as consideration | $ | 36,000.00 | $ | - | $ | - | $ | 7,500.00 | $ | - |
See accompanying notes, which are an integral part of these financial statements.
F-260
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2022
#ZionPrizms BlueBGS10 | CSA | CONSOLIDATED | ||||||||||
Cash Flows From Operating Activities: | ||||||||||||
Net Income/(Loss) For the Period | $ | (20,317.88 | ) | $ | (171.37 | ) | $ | (12,613,369.12 | ) | |||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||
Gain (-)/Loss (+) on Sale of Assets | - | (409,389.18 | ) | |||||||||
Impairment Loss on Series | 20,317.88 | - | 13,001,233.93 | |||||||||
Other Receivables | - | 27,520.00 | 27,520.00 | |||||||||
Due from Related Party | - | 47,656.98 | - | |||||||||
CSA Due From CSAM | - | (879,792.42 | ) | (879,792.42 | ) | |||||||
Reserve - Asset | - | - | (66,872.15 | ) | ||||||||
Prepaid Fees and Expenses | - | - | - | |||||||||
Prepaid Consignments | - | 466,770.00 | 466,770.00 | |||||||||
Taxes Payable | - | - | 21,353.00 | |||||||||
Due to Affiliate CTI | - | 68,023.90 | 68,023.90 | |||||||||
Due to Affiliate CSAM | - | (380,400.00 | ) | (380,400.00 | ) | |||||||
Consignment Liabilities | - | - | (35,972.00 | ) | ||||||||
Sale Payout Liability | - | (18,784.33 | ) | (18,784.33 | ) | |||||||
Other Current Liabilities | - | - | 80,717.48 | |||||||||
Net Cash Flows provided by (used in) Operating Activities | - | (669,177.24 | ) | (738,960.89 | ) | |||||||
Cash Flow from Investing Activities | ||||||||||||
Purchase of Collectable Assets | - | - | (6.994,650.85 | ) | ||||||||
Proceeds From Sale of Collectable Assets | 1,650,500.00 | |||||||||||
Net Cash provided by (used in) Investing Activities | - | - | (5,344,150.85 | ) | ||||||||
Cash Flows From Financing Activities: | ||||||||||||
Capital Contributions | - | - | 7,064,434.50 | |||||||||
Distributions to equity holders | - | - | (1,650,500.00 | ) | ||||||||
Net Cash Flows Provided by (Used In) Financing Activities | - | - | 5,413,934.50 | |||||||||
Net increase (decrease) in cash | - | (669,177.24 | ) | (669,177.24 | ) | |||||||
Cash at Beginning of Period | - | 1,159,637.15 | 1,159,637.15 | |||||||||
Cash at End of Period | $ | - | $ | 490,459.91 | $ | 490,459.91 | ||||||
Supplemental Disclosure of Non-Cash Operations: | ||||||||||||
Other Current Liability prior years written off against Gain/(Loss) on Series | $ | - | $ | - | $ | 14,465.59 | ||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||
Membership Interests surrendered by asset seller as consideration | $ | - | $ | - | $ | 108,900.00 | ||||||
Membership Interests issued to asset seller as consideration | $ | - | $ | - | $ | 1,907,080.00 | ||||||
Membership Interests issued to asset manager as consideration | $ | - | $ | - | $ | 611,120.00 |
See accompanying notes, which are an integral part of these financial statements.
F-261
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2021
#03Exquisite Box | #03Topps Chrome Wax | #18-19BASKET BALLGROWTH BASKET | #1909E95 SGCSet | #1964KOUFAX JERSEY | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | - | - | - | - | - | |||||||||||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | - | - | - | - | - | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | (1,027.50 | ) | - | (1,032.00 | ) | (1,052.50 | ) | (1,035.00 | ) | |||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | (1,027.50 | ) | - | (1,032.00 | ) | (1,052.50 | ) | (1,035.00 | ) | |||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due to Affiliate | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,027.50 | - | 1,032.00 | 1,052.50 | 1,035.00 | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | (1,027.50 | ) | - | (1,032.00 | ) | (1,052.50 | ) | (1,035.00 | ) | |||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | (78,722.50 | ) | (22,750.00 | ) | (42,962.00 | ) | (34,197.50 | ) | (125,465.00 | ) | ||||||||||
Proceeds From Sale of Collectable Assets | - | - | - | - | - | |||||||||||||||
Net Cash provided by (used in) Investing Activities | (78,722.50 | ) | (22,750.00 | ) | (42,962.00 | ) | (34,197.50 | ) | (125,465.00 | ) | ||||||||||
Cash Flows From Financing | ||||||||||||||||||||
Capital Contributions | 79,750.00 | 22,750.00 | 43,994.00 | 35,250.00 | 126,500.00 | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | 79,750.00 | 22,750.00 | 43,994.00 | 35,250.00 | 126,500.00 | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | - | - | - | - | - | |||||||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests issued to asset seller as consideration | - | - | - | - | 300,000.00 | |||||||||||||||
Membership Interests issued to asset manager as consideration | 5,000.00 | 1,600.00 | 720.00 | 1,800.00 | 12,000.00 | |||||||||||||||
Total Non-Cash Financing Activities | 5,000.00 | 1,600.00 | 720.00 | 1,800.00 | 312,000.00 |
See accompanying notes, which are an integral part of these financial statements.
F-262
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2021
#1969TOPPS BASKET BALLSET | #1986WAX | #2000PLAYOFF CONTENDER SWAX | #48LeafRuth SGC8 | #AARON1954 PSA8.5 | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | - | - | - | - | - | |||||||||||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | - | - | - | - | - | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | (1,095.00 | ) | (2,050.00 | ) | (1,067.50 | ) | (1,030.00 | ) | (1,200.00 | ) | ||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | (1,095.00 | ) | (2,050.00 | ) | (1,067.50 | ) | (1,030.00 | ) | (1,200.00 | ) | ||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due to Affiliate | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,095.00 | 2,050.00 | 1,067.50 | 1,030.00 | 1,200.00 | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | (1,095.00 | ) | (2,050.00 | ) | (1,067.50 | ) | (1,030.00 | ) | (1,200.00 | ) | ||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | (106,905.00 | ) | (136,600.00 | ) | (22,182.50 | ) | (50,970.00 | ) | (63,800.00 | ) | ||||||||||
Proceeds From Sale of Collectable Assets | - | - | - | - | - | |||||||||||||||
Net Cash provided by (used in) Investing Activities | (106,905.00 | ) | (136,600.00 | ) | (22,182.50 | ) | (50,970.00 | ) | (63,800.00 | ) | ||||||||||
Cash Flows From Financing | ||||||||||||||||||||
Capital Contributions | 108,000.00 | 138,650.00 | 23,250.00 | 52,000.00 | 65,000.00 | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | 108,000.00 | 138,650.00 | 23,250.00 | 52,000.00 | 65,000.00 | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | - | - | - | - | - | |||||||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests issued to asset seller as consideration | 40,500.00 | 43,750.00 | - | - | 55,000.00 | |||||||||||||||
Membership Interests issued to asset manager as consideration | 4,050.00 | 10,850.00 | 1,400.00 | 2,250.00 | 4,400.00 | |||||||||||||||
Total Non-Cash Financing Activities | 44,550.00 | 54,600.00 | 1,400.00 | 2,250.00 | 59,400.00 |
See accompanying notes, which are an integral part of these financial statements.
F-263
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2021
#ACUNA GOLD9.5 | #ALIWBC BELT | #ANDRE&HULK WRESTLING BASKET | #ANDRETHE GIANT | #Acuna Bowman10 Basket | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | - | - | - | - | - | |||||||||||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | - | - | - | - | - | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | (1,065.00 | ) | 100,000.00 | - | (2,850.00 | ) | (985.00 | ) | ||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | (1,065.00 | ) | - | - | (2,850.00 | ) | (985.00 | ) | ||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due to Affiliate | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | (100,000.00 | ) | - | - | - | ||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,065.00 | - | - | 2,850.00 | 985.00 | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | (1,065.00 | ) | - | - | (2,850.00 | ) | (985.00 | ) | ||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | (24,935.00 | ) | - | (60,950.00 | ) | (9,150.00 | ) | (98,015.00 | ) | |||||||||||
Proceeds From Sale of Collectable Assets | - | - | - | - | - | |||||||||||||||
Net Cash provided by (used in) Investing Activities | (24,935.00 | ) | - | (60,950.00 | ) | (9,150.00 | ) | (98,015.00 | ) | |||||||||||
Cash Flows From Financing | ||||||||||||||||||||
Capital Contributions | 26,000.00 | - | 60,950.00 | 12,000.00 | 99,000.00 | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | 26,000.00 | - | 60,950.00 | 12,000.00 | 99,000.00 | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | - | - | - | - | - | |||||||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests issued to asset seller as consideration | - | - | 61,050.00 | 17,000.00 | - | |||||||||||||||
Membership Interests issued to asset manager as consideration | 1,505.00 | - | 4,440.00 | 720.00 | 4,500.00 | |||||||||||||||
Total Non-Cash Financing Activities | 1,505.00 | - | 65,490.00 | 17,720.00 | 4,500.00 |
See accompanying notes, which are an integral part of these financial statements.
F-264
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2021
#AliRookie CardBVG8 | #BANKS 1954 PSA9 | #BETTS GOLD REFRACTOR BASKET | #BRADY PLAYOFF CONTENDER SBASKET | #BRADY REEBOK FLAWLESS | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | - | - | - | - | 23,436.00 | |||||||||||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain on Sale of Assets | - | - | - | - | (23,436.00 | ) | ||||||||||||||
Impairment Loss on Series | - | - | - | - | - | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | - | (2,180.00 | ) | (1,292.00 | ) | (1,031.25 | ) | (1,120.00 | ) | |||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | - | (2,180.00 | ) | (1,292.00 | ) | (1,031.25 | ) | (1,120.00 | ) | |||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due to Affiliate | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | 2,180.00 | 1,292.00 | 1,031.25 | - | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | - | (2,180.00 | ) | (1,292.00 | ) | (1,031.25 | ) | (2,240.00 | ) | |||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | (48,500.00 | ) | (84,820.00 | ) | (59,958.00 | ) | (68,343.75 | ) | (45,760.00 | ) | ||||||||||
Proceeds From Sale of Collectable Assets | - | - | - | - | 70,000.00 | |||||||||||||||
Net Cash provided by (used in) Investing Activities | (48,500.00 | ) | (84,820.00 | ) | (59,958.00 | ) | (68,343.75 | ) | 24,240.00 | |||||||||||
Cash Flows From Financing | ||||||||||||||||||||
Capital Contributions | 48,500.00 | 87,000.00 | 61,250.00 | 69,375.00 | 48,000.00 | |||||||||||||||
Distributions to equity holders | - | - | - | - | (70,000.00 | ) | ||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | 48,500.00 | 87,000.00 | 61,250.00 | 69,375.00 | (22,000.00 | ) | ||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | - | - | - | - | - | |||||||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests issued to asset seller as consideration | 9,000.00 | - | - | 20,625.00 | - | |||||||||||||||
Membership Interests issued to asset manager as consideration | 3,200.00 | 4,925.00 | 2,740.00 | 3,300.00 | 804.00 | |||||||||||||||
Total Non-Cash Financing Activities | 12,200.00 | 4,925.00 | 2,740.00 | 23,925.00 | 804.00 |
See accompanying notes, which are an integral part of these financial statements.
F-265
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2021
#BRADY ROOKIE | #BettsBlue Refractor Basket | #Brady Bowman10 | #Brady Championship Ticket | #CHAMBER LAINHS UNIFORM | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | - | - | - | - | - | |||||||||||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | - | - | - | - | - | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | (1,135.00 | ) | (1,115.00 | ) | - | - | (4,030.00 | ) | ||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | (1,135.00 | ) | (1,115.00 | ) | - | - | (4,030.00 | ) | ||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due to Affiliate | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,135.00 | 1,115.00 | - | - | 4,030.00 | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | (1,135.00 | ) | (1,115.00 | ) | - | - | (4,030.00 | ) | ||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | (55,365.00 | ) | (31,385.00 | ) | (20,500.00 | ) | (910,000.00 | ) | (161,250.00 | ) | ||||||||||
Proceeds From Sale of Collectable Assets | - | - | - | - | - | |||||||||||||||
Net Cash provided by (used in) Investing Activities | (55,365.00 | ) | (31,385.00 | ) | (20,500.00 | ) | (910,000.00 | ) | (161,250.00 | ) | ||||||||||
Cash Flows From Financing | ||||||||||||||||||||
Capital Contributions | 56,500.00 | 32,500.00 | 20,500.00 | 910,000.00 | 165,280.00 | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | 56,500.00 | 32,500.00 | 20,500.00 | 910,000.00 | 165,280.00 | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | - | - | - | - | - | |||||||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests issued to asset seller as consideration | - | - | 21,000.00 | 1,240,000.00 | 149,000.00 | |||||||||||||||
Membership Interests issued to asset manager as consideration | 3,210.00 | 1,350.00 | 1,400.00 | 162,000.00 | 9,000.00 | |||||||||||||||
Total Non-Cash Financing Activities | 3,210.00 | 1,350.00 | 22,400.00 | 1,402,000.00 | 158,000.00 |
See accompanying notes, which are an integral part of these financial statements.
F-266
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2021
#CHAMBER LAINPHILA JERSEY59-60 | #CLEMENTE 1955PSA8 | #CLEMENTE WHITE&GRAY BASKET | #COBBMINTE98 | #COBB VINTAGET 206PHOTO | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | - | - | (20,447.55 | ) | - | - | ||||||||||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | - | - | 20,447.55 | - | - | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | (375.00 | ) | - | (1,152.50 | ) | (9,437.50 | ) | (1,072.50 | ) | |||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | (375.00 | ) | - | (1,152.50 | ) | (9,437.50 | ) | (1,072.50 | ) | |||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due to Affiliate | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 375.00 | - | 1,152.50 | 9,437.50 | 1,072.50 | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | (375.00 | ) | - | (1,152.50 | ) | (9,437.50 | ) | (1,072.50 | ) | |||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | (1,274,625.00 | ) | (59,749.50 | ) | (58,597.50 | ) | (291,812.50 | ) | (26,672.50 | ) | ||||||||||
Proceeds From Sale of Collectable Assets | - | - | - | - | - | |||||||||||||||
Net Cash provided by (used in) Investing Activities | (1,274,625.00 | ) | (59,749.50 | ) | (58,597.50 | ) | (291,812.50 | ) | (26,672.50 | ) | ||||||||||
Cash Flows From Financing | ||||||||||||||||||||
Capital Contributions | 1,275,000.00 | 59,749.50 | 59,750.00 | 301,250.00 | 27,745.00 | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | 1,275,000.00 | 59,749.50 | 59,750.00 | 301,250.00 | 27,745.00 | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | - | - | - | - | - | |||||||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests issued to asset seller as consideration | - | 19,250.00 | 50,000.00 | - | 23,250.00 | |||||||||||||||
Membership Interests issued to asset manager as consideration | 60,000.00 | 5,000.00 | 5,000.00 | 8,250.00 | 3,260.00 | |||||||||||||||
Total Non-Cash Financing Activities | 60,000.00 | 24,250.00 | 55,000.00 | 8,250.00 | 26,510.00 |
See accompanying notes, which are an integral part of these financial statements.
F-267
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2021
#CROSBYTHE CUPBASKET | #CURRY BASKET | #CURRY RPABGS9.5 | #Chicago BullsDynasty Hardwood | #ChrisBosh GameWorn Raptors Sneakers | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | - | - | 280,510.00 | - | - | |||||||||||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain on Sale of Assets | - | - | (280,510.00 | ) | - | - | ||||||||||||||
Impairment Loss on Series | - | - | - | - | - | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | (1,030.00 | ) | 70,000.00 | (1,005.00 | ) | (860.00 | ) | (1,212.00 | ) | |||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | (1,030.00 | ) | - | (1,005.00 | ) | (860.00 | ) | (1,212.00 | ) | |||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due to Affiliate | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | (70,000.00 | ) | - | - | - | ||||||||||||||
Other Current Liabilities | 1,030.00 | - | - | 860.00 | 1,212.00 | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | (1,030.00 | ) | - | (2,010.00 | ) | (860.00 | ) | (1,212.00 | ) | |||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | (110,970.00 | ) | - | (449,990.00 | ) | (349,140.00 | ) | (15,588.00 | ) | |||||||||||
Proceeds From Sale of Collectable Assets | - | - | 780,000.00 | - | - | |||||||||||||||
Net Cash provided by (used in) Investing Activities | (110,970.00 | ) | - | 330,010.00 | (349,140.00 | ) | (15,588.00 | ) | ||||||||||||
Cash Flows From Financing | ||||||||||||||||||||
Capital Contributions | 112,000.00 | - | 452,000.00 | 350,000.00 | 16,800.00 | |||||||||||||||
Distributions to equity holders | - | - | (780,000.00 | ) | - | - | ||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | 112,000.00 | - | (328,000.00 | ) | 350,000.00 | 16,800.00 | ||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | - | - | - | - | - | |||||||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests issued to asset seller as consideration | 95,000.00 | - | 45,000.00 | - | - | |||||||||||||||
Membership Interests issued to asset manager as consideration | 5,700.00 | - | 4,500.00 | 16,250.00 | 1,350.00 | |||||||||||||||
Total Non-Cash Financing Activities | 100,700.00 | - | 49,500.00 | 16,250.00 | 1,350.00 |
See accompanying notes, which are an integral part of these financial statements.
F-268
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2021
#Clemente 65-68Bat | #Cristiano Ronaldo RC1of1 | #DIMAGGIO 1933BAT | #DONCIC BLUEPSA10 | #DURANT CHROME REFRACTOR PSA10 | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | - | - | - | - | - | |||||||||||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | - | - | - | - | - | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | (1,010.25 | ) | (11,875.00 | ) | (1,130.00 | ) | (2,779.56 | ) | - | |||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | (1,010.25 | ) | (11,875.00 | ) | (1,130.00 | ) | (2,779.56 | ) | - | |||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due to Affiliate | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,010.25 | 11,875.00 | 1,130.00 | 2,779.56 | - | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | (1,010.25 | ) | (11,875.00 | ) | (1,130.00 | ) | (2,779.56 | ) | - | |||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | (28,964.75 | ) | (243,125.00 | ) | (51,370.00 | ) | (59,720.44 | ) | (12,500.00 | ) | ||||||||||
Proceeds From Sale of Collectable Assets | - | - | - | - | - | |||||||||||||||
Net Cash provided by (used in) Investing Activities | (28,964.75 | ) | (243,125.00 | ) | (51,370.00 | ) | (59,720.44 | ) | (12,500.00 | ) | ||||||||||
Cash Flows From Financing | ||||||||||||||||||||
Capital Contributions | 29,975.00 | 255,000.00 | 52,500.00 | 62,500.00 | 12,500.00 | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | 29,975.00 | 255,000.00 | 52,500.00 | 62,500.00 | 12,500.00 | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | - | - | - | - | - | |||||||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests issued to asset seller as consideration | - | - | 42,500.00 | - | - | |||||||||||||||
Membership Interests issued to asset manager as consideration | 1,750.00 | 11,250.00 | 2,550.00 | 2,200.00 | 600.00 | |||||||||||||||
Total Non-Cash Financing Activities | 1,750.00 | 11,250.00 | 45,050.00 | 2,200.00 | 600.00 |
See accompanying notes, which are an integral part of these financial statements.
F-269
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2021
#DWADE ULTIMATE | #Devers Super fractor | #Donovan MitchellNT9.5 | #ELWAY1984 ROOKIECARD PSA10BASKET | #EMMITT SMITH10K JERSEY | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | - | 43,780.00 | - | - | - | |||||||||||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain on Sale of Assets | - | (43,780.00 | ) | - | - | - | ||||||||||||||
Impairment Loss on Series | - | - | - | - | - | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | (1,035.00 | ) | (1,240.00 | ) | (1,067.50 | ) | - | (1,160.00 | ) | |||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | (1,035.00 | ) | (1,240.00 | ) | (1,067.50 | ) | - | (1,160.00 | ) | |||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due to Affiliate | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,035.00 | - | 1,067.50 | - | 1,160.00 | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | (1,035.00 | ) | (2,480.00 | ) | (1,067.50 | ) | - | (1,160.00 | ) | |||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | (40,465.00 | ) | (33,520.00 | ) | (16,182.50 | ) | (29,750.00 | ) | (22,840.00 | ) | ||||||||||
Proceeds From Sale of Collectable Assets | - | 78,500.00 | - | - | - | |||||||||||||||
Net Cash provided by (used in) Investing Activities | (40,465.00 | ) | 44,980.00 | (16,182.50 | ) | (29,750.00 | ) | (22,840.00 | ) | |||||||||||
Cash Flows From Financing | ||||||||||||||||||||
Capital Contributions | 41,500.00 | 36,000.00 | 17,250.00 | 29,750.00 | 24,000.00 | |||||||||||||||
Distributions to equity holders | - | (78,500.00 | ) | - | - | - | ||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | 41,500.00 | (42,500.00 | ) | 17,250.00 | 29,750.00 | 24,000.00 | ||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | - | - | - | - | - | |||||||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests issued to asset seller as consideration | - | - | 12,500.00 | - | 35,000.00 | |||||||||||||||
Membership Interests issued to asset manager as consideration | 2,590.00 | 1,200.00 | 1,500.00 | 1,500.00 | 1,500.00 | |||||||||||||||
Total Non-Cash Financing Activities | 2,590.00 | 1,200.00 | 14,000.00 | 1,500.00 | 36,500.00 |
See accompanying notes, which are an integral part of these financial statements.
F-270
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2021
#EMMITTS MITHMVP BASKET | #EddiePlank T206PSA4 | #Erling Haaland PSA10Basket | #FRANK ROBINSON1957 PSA9BASKET | #FRANK ROBINSON 500HRBAT | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | (24,283.49 | ) | - | - | - | 27,570.80 | ||||||||||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain on Sale of Assets | - | - | - | - | (27,570.80 | ) | ||||||||||||||
Impairment Loss on Series | 24,283.49 | - | - | - | - | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | (3,260.00 | ) | (900.00 | ) | - | (1,254.00 | ) | (1,035.40 | ) | |||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | (3,260.00 | ) | (900.00 | ) | - | (1,254.00 | ) | (1,035.40 | ) | |||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due to Affiliate | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 3,260.00 | 900.00 | - | 1,254.00 | - | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | (3,260.00 | ) | (900.00 | ) | - | (1,254.00 | ) | (2,070.80 | ) | |||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | (40,740.00 | ) | (216,600.00 | ) | (13,000.00 | ) | (57,146.00 | ) | (137,929.20 | ) | ||||||||||
Proceeds From Sale of Collectable Assets | - | - | - | - | 200,000.00 | |||||||||||||||
Net Cash provided by (used in) Investing Activities | (40,740.00 | ) | (216,600.00 | ) | (13,000.00 | ) | (57,146.00 | ) | 62,070.80 | |||||||||||
Cash Flows From Financing | ||||||||||||||||||||
Capital Contributions | 44,000.00 | 217,500.00 | 13,000.00 | 58,400.00 | 140,000.00 | |||||||||||||||
Distributions to equity holders | - | - | - | - | (200,000.00 | ) | ||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | 44,000.00 | 217,500.00 | 13,000.00 | 58,400.00 | (60,000.00 | ) | ||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | - | - | - | - | - | |||||||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests issued to asset seller as consideration | 70,000.00 | 81,500.00 | - | 17,400.00 | 30,000.00 | |||||||||||||||
Membership Interests issued to asset manager as consideration | 3,000.00 | 19,200.00 | 1,560.00 | 2,780.00 | 4,500.00 | |||||||||||||||
Total Non-Cash Financing Activities | 73,000.00 | 100,700.00 | 1,560.00 | 20,180.00 | 34,500.00 |
See accompanying notes, which are an integral part of these financial statements.
F-271
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2021
#GIANNIS GOLDIMMA CULATE | #GIANNIS RPA | #GLEYBERTOR RESORANGE9.5 | #GRETZKYO PEECHEE1979 | #Gary Carter1975 PSA10Basket | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | - | - | (668.72 | ) | - | - | ||||||||||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | - | - | 668.72 | - | - | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | (1,165.00 | ) | (1,225.00 | ) | (1,042.50 | ) | (1,380.00 | ) | - | |||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | (1,165.00 | ) | (1,225.00 | ) | (1,042.50 | ) | (1,380.00 | ) | - | |||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due to Affiliate | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,165.00 | 1,225.00 | 1,042.50 | 1,380.00 | - | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | (1,165.00 | ) | (1,225.00 | ) | (1,042.50 | ) | (1,380.00 | ) | - | |||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | (39,835.00 | ) | (111,275.00 | ) | (19,707.50 | ) | (65,620.00 | ) | (37,250.00 | ) | ||||||||||
Proceeds From Sale of Collectable Assets | - | - | - | - | - | |||||||||||||||
Net Cash provided by (used in) Investing Activities | (39,835.00 | ) | (111,275.00 | ) | (19,707.50 | ) | (65,620.00 | ) | (37,250.00 | ) | ||||||||||
Cash Flows From Financing | ||||||||||||||||||||
Capital Contributions | 41,000.00 | 112,500.00 | 20,750.00 | 67,000.00 | 37,250.00 | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | 41,000.00 | 112,500.00 | 20,750.00 | 67,000.00 | 37,250.00 | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | - | - | - | - | - | |||||||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests issued to asset seller as consideration | 8,500.00 | - | - | - | - | |||||||||||||||
Membership Interests issued to asset manager as consideration | 1,700.00 | 6,480.00 | 1,190.00 | 3,780.00 | 1,750.00 | |||||||||||||||
Total Non-Cash Financing Activities | 10,200.00 | 6,480.00 | 1,190.00 | 3,780.00 | 1,750.00 |
See accompanying notes, which are an integral part of these financial statements.
F-272
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2021
#Giannis48 PointGame Sneakers | #JACKIE ROBINSON AUTOBAT | #JETERFOILRC BASKETBGS9.5 | #JORDAN85 NIKEBASKET | #JORDAN EXQUISITE BGS8 | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | - | - | (29,977.93 | ) | 63,982.00 | - | ||||||||||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain on Sale of Assets | - | - | - | (63,982.00 | ) | - | ||||||||||||||
Impairment Loss on Series | - | - | 29,977.93 | - | - | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | (1,050.00 | ) | 36,750.00 | (1,152.50 | ) | (1,256.00 | ) | (1,165.00 | ) | |||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | (1,050.00 | ) | - | (1,152.50 | ) | (1,256.00 | ) | (1,165.00 | ) | |||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due to Affiliate | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | (36,750.00 | ) | - | - | - | ||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,050.00 | - | 1,152.50 | - | 1,165.00 | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | (1,050.00 | ) | - | (1,152.50 | ) | (2,512.00 | ) | (1,165.00 | ) | |||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | (23,950.00 | ) | - | (98,597.50 | ) | (85,888.00 | ) | (42,335.00 | ) | |||||||||||
Proceeds From Sale of Collectable Assets | - | - | - | 203,000.00 | - | |||||||||||||||
Net Cash provided by (used in) Investing Activities | (23,950.00 | ) | - | (98,597.50 | ) | 117,112.00 | (42,335.00 | ) | ||||||||||||
Cash Flows From Financing | ||||||||||||||||||||
Capital Contributions | 25,000.00 | - | 99,750.00 | 88,400.00 | 43,500.00 | |||||||||||||||
Distributions to equity holders | - | - | - | (203,000.00 | ) | - | ||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | 25,000.00 | - | 99,750.00 | (114,600.00 | ) | 43,500.00 | ||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | - | - | - | - | - | |||||||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests issued to asset seller as consideration | - | - | - | 50,600.00 | 35,000.00 | |||||||||||||||
Membership Interests issued to asset manager as consideration | 1,200.00 | - | 3,600.00 | 2,530.00 | 2,800.00 | |||||||||||||||
Total Non-Cash Financing Activities | 1,200.00 | - | 3,600.00 | 53,130.00 | 37,800.00 |
See accompanying notes, which are an integral part of these financial statements.
F-273
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2021
#JORDANP SA10 | #JORDAN ROOKIE JERSEY | #JORDAN SIGNED PROFESSIONAL BAT | #Jackie Leaf3.5 | #Jackie Robinson1952 ToppsPSA8.5 | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | - | - | (10,271.22 | ) | - | - | ||||||||||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | - | - | 10,271.22 | - | - | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | - | (1,855.00 | ) | (1,077.50 | ) | (920.00 | ) | (825.00 | ) | |||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | - | (1,855.00 | ) | (1,077.50 | ) | (920.00 | ) | (825.00 | ) | |||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due to Affiliate | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | 1,855.00 | 1,077.50 | 920.00 | 825.00 | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | - | (1,855.00 | ) | (1,077.50 | ) | (920.00 | ) | (825.00 | ) | |||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | - | (82,645.00 | ) | (26,172.50 | ) | (37,080.00 | ) | (539,175.00 | ) | |||||||||||
Proceeds From Sale of Collectable Assets | - | - | - | - | - | |||||||||||||||
Net Cash provided by (used in) Investing Activities | - | (82,645.00 | ) | (26,172.50 | ) | (37,080.00 | ) | (539,175.00 | ) | |||||||||||
Cash Flows From Financing | ||||||||||||||||||||
Capital Contributions | - | 84,500.00 | 27,250.00 | 38,000.00 | 540,000.00 | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | - | 84,500.00 | 27,250.00 | 38,000.00 | 540,000.00 | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | - | - | - | - | - | |||||||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests issued to asset seller as consideration | - | 157,500.00 | 22,500.00 | - | - | |||||||||||||||
Membership Interests issued to asset manager as consideration | - | 4,500.00 | 3,150.00 | 4,200.00 | 36,050.00 | |||||||||||||||
Total Non-Cash Financing Activities | - | 162,000.00 | 25,650.00 | 4,200.00 | 36,050.00 |
See accompanying notes, which are an integral part of these financial statements.
F-274
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2021
#Jackie Robinson53 Topps8 | #JimmieFoxx 1938Bat | #Jokic Refractor 1of1 | #Jordan LeBronMagic TripleSigs | #Jordan LeBronSign oftheTimes | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | - | - | - | - | - | |||||||||||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | - | - | - | - | - | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | (1,055.00 | ) | (990.00 | ) | (1,174.62 | ) | (1,048.00 | ) | (1,050.00 | ) | ||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | (1,055.00 | ) | (990.00 | ) | (1,174.62 | ) | (1,048.00 | ) | (1,050.00 | ) | ||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due to Affiliate | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,055.00 | 990.00 | 1,174.62 | 1,048.00 | 1,050.00 | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | (1,055.00 | ) | (990.00 | ) | (1,174.62 | ) | (1,048.00 | ) | (1,050.00 | ) | ||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | (30,945.00 | ) | (92,510.00 | ) | (21,825.38 | ) | (81,952.00 | ) | (163,950.00 | ) | ||||||||||
Proceeds From Sale of Collectable Assets | - | - | - | - | - | |||||||||||||||
Net Cash provided by (used in) Investing Activities | (30,945.00 | ) | (92,510.00 | ) | (21,825.38 | ) | (81,952.00 | ) | (163,950.00 | ) | ||||||||||
Cash Flows From Financing | ||||||||||||||||||||
Capital Contributions | 32,000.00 | 93,500.00 | 23,000.00 | �� | 83,000.00 | 165,000.00 | ||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | 32,000.00 | 93,500.00 | 23,000.00 | 83,000.00 | 165,000.00 | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | - | - | - | - | - | |||||||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests issued to asset seller as consideration | 22,000.00 | - | - | - | - | |||||||||||||||
Membership Interests issued to asset manager as consideration | 5,000.00 | 5,100.00 | 1,110.00 | 3,750.00 | 6,000.00 | |||||||||||||||
Total Non-Cash Financing Activities | 27,000.00 | 5,100.00 | 1,110.00 | 3,750.00 | 6,000.00 |
See accompanying notes, which are an integral part of these financial statements.
F-275
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2021
#Jordan MagicLe Bron TripleAuto Jersey | #JoshAllen GoldBGS9.5 | #Justin Herbert Hidden TreasureRPA | #KAWHI BASKET | #KOBEREE BOK IVERSON RETROS | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | - | - | - | (11,131.20 | ) | - | ||||||||||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain on Sale of Assets | - | - | - | - | ||||||||||||||||
Impairment Loss on Series | - | - | - | 11,131.20 | - | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | (930.30 | ) | (1,050.00 | ) | (1,015.00 | ) | (2,040.00 | ) | (1,020.00 | ) | ||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | (930.30 | ) | (1,050.00 | ) | (1,015.00 | ) | (2,040.00 | ) | (1,020.00 | ) | ||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due to Affiliate | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 930.30 | 1,050.00 | 1,015.00 | 2,040.00 | 1,020.00 | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | (930.30 | ) | (1,050.00 | ) | (1,015.00 | ) | (2,040.00 | ) | (1,020.00 | ) | ||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | (95,319.70 | ) | (28,950.00 | ) | (59,985.00 | ) | (39,960.00 | ) | (86,980.00 | ) | ||||||||||
Proceeds From Sale of Collectable Assets | - | - | - | - | - | |||||||||||||||
Net Cash provided by (used in) Investing Activities | (95,319.70 | ) | (28,950.00 | ) | (59,985.00 | ) | (39,960.00 | ) | (86,980.00 | ) | ||||||||||
Cash Flows From Financing | ||||||||||||||||||||
Capital Contributions | 96,250.00 | 30,000.00 | 61,000.00 | 42,000.00 | 88,000.00 | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | 96,250.00 | 30,000.00 | 61,000.00 | 42,000.00 | 88,000.00 | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | - | - | - | - | - | |||||||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests issued to asset seller as consideration | 28,750.00 | - | - | 28,350.00 | - | |||||||||||||||
Membership Interests issued to asset manager as consideration | 6,900.00 | 1,250.00 | 3,850.00 | 1,260.00 | 4,000.00 | |||||||||||||||
Total Non-Cash Financing Activities | 35,650.00 | 1,250.00 | 3,850.00 | 29,610.00 | 4,000.00 |
See accompanying notes, which are an integral part of these financial statements.
F-276
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2021
#KOUFAX 1955 PSA8.5 | #KOUFAX55 PSA9 | #Kevin DurantHS Jersey | #Kobe #24Jersey | #Kobe Bryant Rookie Sneakers | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | 64,620.00 | - | - | - | - | |||||||||||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain on Sale of Assets | (64,620.00 | ) | - | - | - | - | ||||||||||||||
Impairment Loss on Series | - | - | - | - | - | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | (1,270.00 | ) | (900.00 | ) | (885.00 | ) | (550.00 | ) | (1,005.00 | ) | ||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | (1,270.00 | ) | (900.00 | ) | (885.00 | ) | (550.00 | ) | (1,005.00 | ) | ||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due to Affiliate | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | 900.00 | 885.00 | 550.00 | 1,005.00 | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | (2,540.00 | ) | (900.00 | ) | (885.00 | ) | (550.00 | ) | (1,005.00 | ) | ||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | (20,460.00 | ) | (294,100.00 | ) | (218,115.00 | ) | (576,950.00 | ) | (130,995.00 | ) | ||||||||||
Proceeds From Sale of Collectable Assets | 100,000.00 | - | - | - | - | |||||||||||||||
Net Cash provided by (used in) Investing Activities | 79,540.00 | (294,100.00 | ) | (218,115.00 | ) | (576,950.00 | ) | (130,995.00 | ) | |||||||||||
Cash Flows From Financing | ||||||||||||||||||||
Capital Contributions | 23,000.00 | 295,000.00 | 219,000.00 | 577,500.00 | 132,000.00 | |||||||||||||||
Distributions to equity holders | (100,000.00 | ) | - | - | - | - | ||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | (77,000.00 | ) | 295,000.00 | 219,000.00 | 577,500.00 | 132,000.00 | ||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | - | - | - | - | - | |||||||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests issued to asset seller as consideration | 13,000.00 | 180,000.00 | - | 112,500.00 | - | |||||||||||||||
Membership Interests issued to asset manager as consideration | 1,920.00 | 22,500.00 | 8,000.00 | 20,700.00 | 6,000.00 | |||||||||||||||
Total Non-Cash Financing Activities | 14,920.00 | 202,500.00 | 8,000.00 | 133,200.00 | 6,000.00 |
See accompanying notes, which are an integral part of these financial statements.
F-277
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2021
#KobeBryant RoyalBlue Jordan Sneakers | #KobeFinal Season Sneakers | #LBJ Exquisite | #LEBRON BLACK REFRACTOR | #LEBRON EMBLEMSOF ENDORSEMENT | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | - | - | - | - | - | |||||||||||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | - | - | - | - | - | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | (985.00 | ) | (1,010.00 | ) | (175.00 | ) | (1,190.00 | ) | (2,050.00 | ) | ||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | (985.00 | ) | (1,010.00 | ) | (175.00 | ) | (1,190.00 | ) | (2,050.00 | ) | ||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due to Affiliate | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 985.00 | 1,010.00 | 175.00 | 1,190.00 | 2,050.00 | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | (985.00 | ) | (1,010.00 | ) | (175.00 | ) | (1,190.00 | ) | (2,050.00 | ) | ||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | (86,016.00 | ) | (60,490.00 | ) | (609,825.00 | ) | (128,410.00 | ) | (112,950.00 | ) | ||||||||||
Proceeds From Sale of Collectable Assets | - | - | - | - | - | |||||||||||||||
Net Cash provided by (used in) Investing Activities | (86,016.00 | ) | (60,490.00 | ) | (609,825.00 | ) | (128,410.00 | ) | (112,950.00 | ) | ||||||||||
Cash Flows From Financing | ||||||||||||||||||||
Capital Contributions | 87,001.00 | 61,500.00 | 610,000.00 | 129,600.00 | �� | 115,000.00 | ||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | 87,001.00 | 61,500.00 | 610,000.00 | 129,600.00 | 115,000.00 | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | - | - | - | - | - | |||||||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests issued to asset seller as consideration | - | - | 690,000.00 | - | 100,000.00 | |||||||||||||||
Membership Interests issued to asset manager as consideration | 4,000.00 | 3,300.00 | 87,500.00 | 6,450.00 | 6,000.00 | |||||||||||||||
Total Non-Cash Financing Activities | 4,000.00 | 3,300.00 | 777,500.00 | 6,450.00 | 106,000.00 |
See accompanying notes, which are an integral part of these financial statements.
F-278
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2021
#LEBRON MELOWADE TRIORC | #LEBRON ROOKIE | #LEBRON ULTIMATE | #LeBron Black Diamond | #LeBron MeloBosh 2008Triple LogoMan | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | - | - | - | - | - | |||||||||||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | - | - | - | - | - | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | (884.00 | ) | - | (1,115.00 | ) | - | - | |||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | (884.00 | ) | - | (1,115.00 | ) | - | - | |||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due to Affiliate | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 884.00 | - | 1,115.00 | - | - | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | (884.00 | ) | - | (1,115.00 | ) | - | - | |||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | (110,716.00 | ) | - | (97,385.00 | ) | (50,000.00 | ) | (296,000.00 | ) | |||||||||||
Proceeds From Sale of Collectable Assets | - | - | - | - | - | |||||||||||||||
Net Cash provided by (used in) Investing Activities | (110,716.00 | ) | - | (97,385.00 | ) | (50,000.00 | ) | (296,000.00 | ) | |||||||||||
Cash Flows From Financing | ||||||||||||||||||||
Capital Contributions | 111,600.00 | - | 98,500.00 | 50,000.00 | 296,000.00 | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | 111,600.00 | - | 98,500.00 | 50,000.00 | 296,000.00 | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | - | - | - | - | - | |||||||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests issued to asset seller as consideration | 246,400.00 | - | 82,500.00 | 25,000.00 | - | |||||||||||||||
Membership Interests issued to asset manager as consideration | 21,120.00 | - | 4,950.00 | 3,750.00 | 13,750.00 | |||||||||||||||
Total Non-Cash Financing Activities | 267,520.00 | - | 87,450.00 | 28,750.00 | 13,750.00 |
See accompanying notes, which are an integral part of these financial statements.
F-279
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2021
#LeBron MeloDual Logoman | #Luka Rookie Jersey | #Luka White Sparkle | #MAGIC BIRDDRJ | #MAGIC BIRDDRJ PSA8BASKET | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | - | - | - | 368,580.00 | - | |||||||||||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | �� | |||||||||||||||||||
Gain on Sale of Assets | - | - | - | (368,580.00 | ) | - | ||||||||||||||
Impairment Loss on Series | - | - | - | - | ||||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | (650.00 | ) | (810.00 | ) | (655.00 | ) | (1,930.00 | ) | (1,091.00 | ) | ||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | (650.00 | ) | (810.00 | ) | (655.00 | ) | (1,930.00 | ) | (1,091.00 | ) | ||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due to Affiliate | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 650.00 | 810.00 | 655.00 | - | 1,091.00 | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | (650.00 | ) | (810.00 | ) | (655.00 | ) | (3,860.00 | ) | (1,091.00 | ) | ||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | (569,350.00 | ) | (498,190.00 | ) | (551,345.00 | ) | (351,420.00 | ) | (19,809.00 | ) | ||||||||||
Proceeds From Sale of Collectable Assets | - | - | - | 720,000.00 | - | |||||||||||||||
Net Cash provided by (used in) Investing Activities | (569,350.00 | ) | (498,190.00 | ) | (551,345.00 | ) | 368,580.00 | (19,809.00 | ) | |||||||||||
Cash Flows From Financing | ||||||||||||||||||||
Capital Contributions | 570,000.00 | 499,000.00 | 552,000.00 | 355,280.00 | 20,900.00 | |||||||||||||||
Distributions to equity holders | - | - | - | (720,000.00 | ) | - | ||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | 570,000.00 | 499,000.00 | 552,000.00 | (364,720.00 | ) | 20,900.00 | | |||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | | ||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | - | - | - | - | - | |||||||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests issued to asset seller as consideration | 500,000.00 | - | 130,000.00 | - | 6,600.00 | |||||||||||||||
Membership Interests issued to asset manager as consideration | 40,000.00 | 23,250.00 | 39,000.00 | 3,280.00 | 660.00 | |||||||||||||||
Total Non-Cash Financing Activities | 540,000.00 | 23,250.00 | 169,000.00 | 3,280.00 | 7,260.00 |
See accompanying notes, which are an integral part of these financial statements.
F-280
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2021
#MAGICBIRD LOGOMAN | #MAHOMES EMERAL DRPA BGS9 | #MAHOMES ROOKIE | #MANTLE 1952 BOWMAN PSA8 | #MANTLE 1952 TOPPSPSA8 | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | - | - | - | - | - | |||||||||||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | - | - | - | - | - | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | (1,120.00 | ) | (1,235.00 | ) | - | - | (1,470.00 | ) | ||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | (1,120.00 | ) | (1,235.00 | ) | - | - | (1,470.00 | ) | ||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due to Affiliate | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,120.00 | 1,235.00 | - | - | 1,470.00 | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | (1,120.00 | ) | (1,235.00 | ) | - | - | (1,470.00 | ) | ||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | (221,880.00 | ) | (78,265.00 | ) | - | (15,000.00 | ) | (391,320.00 | ) | |||||||||||
Proceeds From Sale of Collectable Assets | - | - | - | - | - | |||||||||||||||
Net Cash provided by (used in) Investing Activities | (221,880.00 | ) | (78,265.00 | ) | - | (15,000.00 | ) | (391,320.00 | ) | |||||||||||
Cash Flows From Financing | ||||||||||||||||||||
Capital Contributions | 223,000.00 | 79,500.00 | - | 15,000.00 | 392,790.00 | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | 223,000.00 | 79,500.00 | - | 15,000.00 | 392,790.00 | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | - | - | - | - | - | |||||||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests issued to asset seller as consideration | 276,000.00 | - | - | - | 92,000.00 | |||||||||||||||
Membership Interests issued to asset manager as consideration | 13,800.00 | 2,840.00 | - | 600.00 | 14,010.00 | |||||||||||||||
Total Non-Cash Financing Activities | 289,800.00 | 2,840.00 | - | 600.00 | 106,010.00 |
See accompanying notes, which are an integral part of these financial statements.
F-281
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2021
#MANTLE 1956 PSA8 BASKET | #MANTLE 1960 PSA9 | #MANTLE54 BOWMAN BASKET | #MANTLE MINT1953 | |||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||
Net Income/(Loss) For the Period | - | - | - | 612,000.00 | ||||||||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||
Gain on Sale of Assets | - | - | - | (612,000.00 | ) | |||||||||||
Impairment Loss on Series | - | - | - | |||||||||||||
Other Receivables | - | - | - | - | ||||||||||||
Due from Related Party | (1,080.50 | ) | (37,052.50 | ) | (1,030.00 | ) | - | |||||||||
CSA Due From CSAM | - | - | - | - | ||||||||||||
Reserve - Asset | (1,080.50 | ) | (1,080.50 | ) | (1,030.00 | ) | - | |||||||||
Prepaid Fees and Expenses | - | - | - | - | ||||||||||||
Prepaid Consignments | - | - | - | - | ||||||||||||
Due to Affiliate | - | - | - | - | ||||||||||||
Consignment Liabilities | - | 35,972.00 | - | - | ||||||||||||
Sale Payout Liability | - | - | - | - | ||||||||||||
Other Current Liabilities | 1,080.50 | 1,080.50 | 1,030.00 | - | ||||||||||||
Net Cash Flows provided by (used in) Operating Activities | (1,080.50 | ) | (1,080.50 | ) | (1,030.00 | ) | - | |||||||||
Cash Flow from Investing Activities | ||||||||||||||||
Purchase of Collectable Assets | (20,369.50 | ) | (38,669.50 | ) | (35,970.00 | ) | (1,020,000.00 | ) | ||||||||
Proceeds From Sale of Collectable Assets | - | - | - | 3,100,000.00 | ||||||||||||
Net Cash provided by (used in) Investing Activities | (20,369.50 | ) | (38,669.50 | ) | (35,970.00 | ) | 2,080,000.00 | |||||||||
Cash Flows From Financing | ||||||||||||||||
Capital Contributions | 21,450.00 | 39,750.00 | 37,000.00 | 1,020,000.00 | ||||||||||||
Distributions to equity holders | - | - | - | (3,100,000.00 | ) | |||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | 21,450.00 | 39,750.00 | 37,000.00 | (2,080,000.00 | ) | |||||||||||
Net increase (decrease) in cash | - | - | - | - | ||||||||||||
Cash at Beginning of Period | - | - | - | - | ||||||||||||
Cash at End of Period | - | - | - | - | ||||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||
Membership Interests issued to asset seller as consideration | 7,050.00 | - | 13,500.00 | - | ||||||||||||
Membership Interests issued to asset manager as consideration | 1,175.00 | 2,520.00 | 2,700.00 | - | ||||||||||||
Total Non-Cash Financing Activities | 8,225.00 | 2,520.00 | 16,200.00 | - |
See accompanying notes, which are an integral part of these financial statements.
F-282
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2021
#MARINO MANNING FAVRE JERSEYS | #MAYS 1951 BOWMAN7 | #MAYS 1951 PHOTO | #MAYS 1952 PSA8 | #MAYS 1959PSA9 BASKET | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | - | - | 13,856.00 | - | - | |||||||||||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain on Sale of Assets | - | - | (13,856.00 | ) | - | - | ||||||||||||||
Impairment Loss on Series | - | - | - | - | ||||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | (4,320.40 | ) | (1,010.00 | ) | (1,033.00 | ) | (960.00 | ) | (1,062.00 | ) | ||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | (4,320.40 | ) | (1,010.00 | ) | (1,033.00 | ) | (960.00 | ) | (1,062.00 | ) | ||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due to Affiliate | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 4,320.40 | 1,010.00 | - | 960.00 | 1,062.00 | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | (4,320.40 | ) | (1,010.00 | ) | (2,066.00 | ) | (960.00 | ) | (1,062.00 | ) | ||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | (15,639.60 | ) | (87,990.00 | ) | (24,634.00 | ) | (238,040.00 | ) | (17,739.00 | ) | ||||||||||
Proceeds From Sale of Collectable Assets | - | - | 65,000.00 | - | - | |||||||||||||||
Net Cash provided by (used in) Investing Activities | (15,639.60 | ) | (87,990.00 | ) | 40,366.00 | (238,040.00 | ) | (17,739.00 | ) | |||||||||||
Cash Flows From Financing | ||||||||||||||||||||
Capital Contributions | 19,960.00 | 89,000.00 | 26,700.00 | 239,000.00 | 18,801.00 | |||||||||||||||
Distributions to equity holders | - | - | (65,000.00 | ) | - | - | ||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | 19,960.00 | 89,000.00 | (38,300.00 | ) | 239,000.00 | 18,801.00 | ||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | - | - | - | - | - | |||||||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests issued to asset seller as consideration | 30,750.00 | 10,000.00 | 23,250.00 | 55,000.00 | 5,200.00 | |||||||||||||||
Membership Interests issued to asset manager as consideration | 1,230.00 | 6,000.00 | �� | 3,260.00 | 13,750.00 | 1,455.00 | ||||||||||||||
Total Non-Cash Financing Activities | 31,980.00 | 16,000.00 | 26,510.00 | 68,750.00 | 6,655.00 |
See accompanying notes, which are an integral part of these financial statements.
F-283
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2021
#MAYS1960 PSA9 | #MAY WEATHERRC PSA10 | #MESSI ROOKIE BASKET | #MIKANRC PHOTO | #MLBHALL OFFAMEBA SEBALL | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | - | - | (17,741.25 | ) | - | - | ||||||||||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By(used in) Operations: | ||||||||||||||||||||
Gain on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | - | - | 17,741.25 | - | - | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | (1,604.74 | ) | (522.50 | ) | (1,085.00 | ) | (1,085.00 | ) | (1,040.00 | ) | ||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | (1,604.74 | ) | (522.50 | ) | (1,085.00 | ) | (1,085.00 | ) | (1,040.00 | ) | ||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due to Affiliate | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,604.74 | 522.50 | 1,085.00 | 1,085.00 | 1,040.00 | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | (1,604.74 | ) | (522.50 | ) | (1,085.00 | ) | (1,085.00 | ) | (1,040.00 | ) | ||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | (12,895.26 | ) | (22,227.50 | ) | (90,915.00 | ) | (27,915.00 | ) | (74,960.00 | ) | ||||||||||
Proceeds From Sale of Collectable Assets | - | - | - | - | - | |||||||||||||||
Net Cash provided by (used in) Investing Activities | (12,895.26 | ) | (22,227.50 | ) | (90,915.00 | ) | (27,915.00 | ) | (74,960.00 | ) | ||||||||||
Cash Flows From Financing | ||||||||||||||||||||
Capital Contributions | 14,500.00 | 22,750.00 | 92,000.00 | 29,000.00 | 76,000.00 | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | 14,500.00 | 22,750.00 | 92,000.00 | 29,000.00 | 76,000.00 | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | - | - | - | - | - | |||||||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests issued to asset seller as consideration | 3,624.00 | - | - | 25,000.00 | 224,000.00 | |||||||||||||||
Membership Interests issued to asset manager as consideration | 1,016.00 | 3,520.00 | 2,460.00 | 3,500.00 | 8,400.00 | |||||||||||||||
Total Non-Cash Financing Activities | 4,640.00 | 3,520.00 | 2,460.00 | 28,500.00 | 232,400.00 |
See accompanying notes, which are an integral part of these financial statements.
F-284
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2021
#MONTANA RCPSA10 | #MOOKIE BETTS GLOVE | #MPJ Championship Ticket | #Mahomes Bronze Basket | #Mahomes Immaculate 1of1 | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | - | - | - | - | - | |||||||||||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | - | - | - | - | - | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | - | (1,052.50 | ) | (1,035.50 | ) | (975.00 | ) | (1,010.00 | ) | |||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | - | (1,052.50 | ) | (1,035.50 | ) | (975.00 | ) | (1,010.00 | ) | |||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due to Affiliate | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | 1,052.50 | 1,035.50 | 975.00 | 1,010.00 | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | - | (1,052.50 | ) | (1,035.50 | ) | (975.00 | ) | (1,010.00 | ) | |||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | (36,000.00 | ) | (58,697.50 | ) | (16,414.50 | ) | (109,025.00 | ) | (217,990.00 | ) | ||||||||||
Proceeds From Sale of Collectable Assets | - | - | - | - | - | |||||||||||||||
Net Cash provided by (used in) Investing Activities | (36,000.00 | ) | (58,697.50 | ) | (16,414.50 | ) | (109,025.00 | ) | (217,990.00 | ) | ||||||||||
Cash Flows From Financing | ||||||||||||||||||||
Capital Contributions | 36,000.00 | 59,750.00 | 17,450.00 | 110,000.00 | 219,000.00 | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | 36,000.00 | 59,750.00 | 17,450.00 | 110,000.00 | 219,000.00 | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | - | - | - | - | - | |||||||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests issued to asset seller as consideration | 29,000.00 | - | 12,500.00 | - | - | |||||||||||||||
Membership Interests issued to asset manager as consideration | 2,320.00 | 3,360.00 | 1,500.00 | 5,000.00 | 8,000.00 | |||||||||||||||
Total Non-Cash Financing Activities | 31,320.00 | 3,360.00 | 14,000.00 | 5,000.00 | 8,000.00 |
See accompanying notes, which are an integral part of these financial statements.
F-285
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2021
#Mahomes NT1of1 | #Mahomes NT8.5 | #Mantle1953 Bowman8 Basket | #Mantle1953 Topps8 | #Mantle1957 ToppsPSA8.5 | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | - | (32,641.05 | ) | - | - | - | ||||||||||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain on Sale of Assets | - | - | - | - | ||||||||||||||||
Impairment Loss on Series | - | 32,641.05 | - | - | - | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | (4,555.00 | ) | (1,041.20 | ) | (1,016.00 | ) | (995.00 | ) | (1,084.00 | ) | ||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | (4,555.00 | ) | (1,041.20 | ) | (1,016.00 | ) | (995.00 | ) | (1,084.00 | ) | ||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due to Affiliate | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 4,555.00 | 1,041.20 | 1,016.00 | 995.00 | 1,084.00 | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | (4,555.00 | ) | (1,041.20 | ) | (1,016.00 | ) | (995.00 | ) | (1,084.00 | ) | ||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | (1,317,945.00 | ) | (77,833.80 | ) | (44,384.00 | ) | (97,005.00 | ) | (54,516.00 | ) | ||||||||||
Proceeds From Sale of Collectable Assets | - | - | - | - | - | |||||||||||||||
Net Cash provided by (used in) Investing Activities | (1,317,945.00 | ) | (77,833.80 | ) | (44,384.00 | ) | (97,005.00 | ) | (54,516.00 | ) | ||||||||||
Cash Flows From Financing | ||||||||||||||||||||
Capital Contributions | 1,322,500.00 | 78,875.00 | 45,400.00 | 98,000.00 | 55,600.00 | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | 1,322,500.00 | 78,875.00 | 45,400.00 | 98,000.00 | 55,600.00 | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | - | - | - | - | - | |||||||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests issued to asset seller as consideration | 255,000.00 | 81,120.00 | 4,000.00 | - | 5,400.00 | |||||||||||||||
Membership Interests issued to asset manager as consideration | 90,000.00 | 5,900.00 | 3,600.00 | 5,500.00 | 2,700.00 | |||||||||||||||
Total Non-Cash Financing Activities | 345,000.00 | 87,020.00 | 7,600.00 | 5,500.00 | 8,100.00 |
See accompanying notes, which are an integral part of these financial statements.
F-286
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2021
#Mantle1964 Topps9 | #Mantle1966 ToppsPSA9 Basket | #Mantle1968 PSA9Basket | #Maris58 ToppsPSA9 | #Mays1956 GrayPSA9 | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | - | - | - | - | - | |||||||||||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | - | - | - | - | - | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | (1,038.00 | ) | (1,040.00 | ) | (1,076.50 | ) | (1,100.05 | ) | (1,080.00 | ) | ||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | (1,038.00 | ) | (1,040.00 | ) | (1,076.50 | ) | (1,100.05 | ) | (1,080.00 | ) | ||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due to Affiliate | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,038.00 | 1,040.00 | 1,076.50 | 1,100.05 | 1,080.00 | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | (1,038.00 | ) | (1,040.00 | ) | (1,076.50 | ) | (1,100.05 | ) | (1,080.00 | ) | ||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | (47,962.00 | ) | (41,960.00 | ) | (35,273.50 | ) | (25,894.95 | ) | (30,920.00 | ) | ||||||||||
Proceeds From Sale of Collectable Assets | - | - | - | - | - | |||||||||||||||
Net Cash provided by (used in) Investing Activities | (47,962.00 | ) | (41,960.00 | ) | (35,273.50 | ) | (25,894.95 | ) | (30,920.00 | ) | ||||||||||
Cash Flows From Financing | ||||||||||||||||||||
Capital Contributions | 49,000.00 | 43,000.00 | 36,350.00 | 26,995.00 | 32,000.00 | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | 49,000.00 | 43,000.00 | 36,350.00 | 26,995.00 | 32,000.00 | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | - | - | - | - | - | |||||||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests issued to asset seller as consideration | - | - | - | - | 25,000.00 | |||||||||||||||
Membership Interests issued to asset manager as consideration | 2,153.00 | 2,660.00 | 1,700.00 | 2,350.00 | 2,000.00 | |||||||||||||||
Total Non-Cash Financing Activities | 2,153.00 | 2,660.00 | 1,700.00 | 2,350.00 | 27,000.00 |
See accompanying notes, which are an integral part of these financial statements.
F-287
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2021
#MessiMega cracks#71 PSA9 | #Michael PorterJr Basket | #Mikan48 Bowman PSA7 | #Negro LeagueLegendary CutsBasket | #OVECHKIN THECUP BGS8.5 | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | - | - | - | - | 14,890.00 | |||||||||||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain on Sale of Assets | - | - | - | - | (14,890.00 | ) | ||||||||||||||
Impairment Loss on Series | - | - | - | - | - | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | - | - | (1,002.50 | ) | (995.00 | ) | (1,070.00 | ) | ||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | - | - | (1,002.50 | ) | (995.00 | ) | (1,070.00 | ) | ||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due to Affiliate | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | - | 1,002.50 | 995.00 | - | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | - | - | (1,002.50 | ) | (995.00 | ) | (2,140.00 | ) | ||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | (86,000.00 | ) | (23,985.00 | ) | (38,748.50 | ) | (87,005.00 | ) | (20,860.00 | ) | ||||||||||
Proceeds From Sale of Collectable Assets | - | - | - | - | 55,000.00 | |||||||||||||||
Net Cash provided by (used in) Investing Activities | (86,000.00 | ) | (23,985.00 | ) | (38,748.50 | ) | (87,005.00 | ) | 34,140.00 | |||||||||||
Cash Flows From Financing | ||||||||||||||||||||
Capital Contributions | 86,000.00 | 23,985.00 | 39,751.00 | 88,000.00 | 23,000.00 | |||||||||||||||
Distributions to equity holders | - | - | - | - | (55,000.00 | ) | ||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | 86,000.00 | 23,985.00 | 39,751.00 | 88,000.00 | (32,000.00 | ) | ||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | - | - | - | - | - | |||||||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests issued to asset seller as consideration | 25,000.00 | 4,000.00 | - | - | 17,500.00 | |||||||||||||||
Membership Interests issued to asset manager as consideration | 4,000.00 | 3,080.00 | 2,800.00 | 4,800.00 | 1,750.00 | |||||||||||||||
Total Non-Cash Financing Activities | 29,000.00 | 7,080.00 | 2,800.00 | 4,800.00 | 19,250.00 |
See accompanying notes, which are an integral part of these financial statements.
F-288
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2021
#OZZIE SMITHRC BGS9.5 | #Orange Dominguez | #PaulPierce 2010AS GJersey | #Peyton Manning MVPHelmet | #RICKEY HENDERSONRC PSA10 | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | - | - | - | - | - | |||||||||||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | - | - | - | - | - | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | - | (3,028.80 | ) | (1,025.50 | ) | (955.00 | ) | - | ||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | - | (3,028.80 | ) | (1,025.50 | ) | (955.00 | ) | - | ||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due to Affiliate | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | 3,028.80 | 1,025.50 | 955.00 | - | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | - | (3,028.80 | ) | (1,025.50 | ) | (955.00 | ) | - | ||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | (70,390.00 | ) | (33,086.20 | ) | (28,924.50 | ) | (179,045.00 | ) | (135,600.00 | ) | ||||||||||
Proceeds From Sale of Collectable Assets | - | - | - | - | - | |||||||||||||||
Net Cash provided by (used in) Investing Activities | (70,390.00 | ) | (33,086.20 | ) | (28,924.50 | ) | (179,045.00 | ) | (135,600.00 | ) | ||||||||||
Cash Flows From Financing | ||||||||||||||||||||
Capital Contributions | 70,390.00 | 36,115.00 | 29,950.00 | 180,000.00 | 135,600.00 | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | 70,390.00 | 36,115.00 | 29,950.00 | 180,000.00 | 135,600.00 | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | - | - | - | - | - | |||||||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests issued to asset seller as consideration | - | - | - | - | 9,400.00 | |||||||||||||||
Membership Interests issued to asset manager as consideration | 4,320.00 | 2,280.00 | 1,500.00 | 10,020.00 | 7,200.00 | |||||||||||||||
Total Non-Cash Financing Activities | 4,320.00 | 2,280.00 | 1,500.00 | 10,020.00 | 16,600.00 |
See accompanying notes, which are an integral part of these financial statements.
F-289
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2021
#RODGERS PLAYOFF CONTENDER SGREEN | #Ruth1914 Baltimore NewsSGC3 | #Ruth33 GoudeySGC8 | #RuthGehrig Ball | #Sadaharu OhBat | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | 11,136.00 | - | - | - | - | |||||||||||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain on Sale of Assets | (11,136.00 | ) | - | - | - | - | ||||||||||||||
Impairment Loss on Series | - | - | - | - | - | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | (1,042.50 | ) | (2,180.60 | ) | (1,390.00 | ) | - | (1,037.50 | ) | |||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | (1,042.50 | ) | (2,180.60 | ) | (1,390.00 | ) | - | (1,037.50 | ) | |||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due to Affiliate | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | 2,180.60 | 1,390.00 | - | 1,037.50 | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | (2,085.00 | ) | (2,180.60 | ) | (1,390.00 | ) | - | (1,037.50 | ) | |||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | (17,674.00 | ) | (63,759.40 | ) | (114,610.00 | ) | - | (13,212.50 | ) | |||||||||||
Proceeds From Sale of Collectable Assets | 30,000.00 | - | - | - | - | |||||||||||||||
Net Cash provided by (used in) Investing Activities | 12,326.00 | (63,759.40 | ) | (114,610.00 | ) | - | (13,212.50 | ) | ||||||||||||
Cash Flows From Financing | ||||||||||||||||||||
Capital Contributions | 19,759.00 | 65,940.00 | 116,000.00 | - | 14,250.00 | |||||||||||||||
Distributions to equity holders | (30,000.00 | ) | - | - | - | - | ||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | (10,241.00 | ) | 65,940.00 | 116,000.00 | - | 14,250.00 | ||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | - | - | - | - | - | |||||||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests issued to asset seller as consideration | - | - | 20,000.00 | - | 10,000.00 | |||||||||||||||
Membership Interests issued to asset manager as consideration | 1,190.00 | 600.00 | 6,250.00 | - | 1,600.00 | |||||||||||||||
Total Non-Cash Financing Activities | 1,190.00 | 600.00 | 26,250.00 | - | 11,600.00 |
See accompanying notes, which are an integral part of these financial statements.
F-290
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2021
#Satchel Paige48 LeafSGC30 | #Seager Orange Refractor Basket | #Serena03 NetProPSA 10Basket | #StephCurry Sneakers | #TATIS BOWMAN BLACKLABEL | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | - | - | - | 29,980.00 | (22,135.00 | ) | ||||||||||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain on Sale of Assets | - | - | - | (29,980.00 | ) | - | ||||||||||||||
Impairment Loss on Series | - | - | - | - | 22,135.00 | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | (1,057.45 | ) | (1,140.00 | ) | (1,017.50 | ) | (990.00 | ) | (1,650.00 | ) | ||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | (1,057.45 | ) | (1,140.00 | ) | (1,017.50 | ) | (990.00 | ) | (1,650.00 | ) | ||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due to Affiliate | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,057.45 | 1,140.00 | 1,017.50 | - | 1,650.00 | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | (1,057.45 | ) | (1,140.00 | ) | (1,017.50 | ) | (1,980.00 | ) | (1,650.00 | ) | ||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | (34,192.55 | ) | (14,860.00 | ) | (16,732.50 | ) | (76,520.00 | ) | (113,350.00 | ) | ||||||||||
Proceeds From Sale of Collectable Assets | - | - | - | 110,000.00 | - | |||||||||||||||
Net Cash provided by (used in) Investing Activities | (34,192.55 | ) | (14,860.00 | ) | (16,732.50 | ) | 33,480.00 | (113,350.00 | ) | |||||||||||
Cash Flows From Financing | ||||||||||||||||||||
Capital Contributions | 35,250.00 | 16,000.00 | 17,750.00 | 78,500.00 | 115,000.00 | |||||||||||||||
Distributions to equity holders | - | - | - | (110,000.00 | ) | - | ||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | 35,250.00 | 16,000.00 | 17,750.00 | (31,500.00 | ) | 115,000.00 | ||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | - | - | - | - | - | |||||||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests issued to asset seller as consideration | - | - | - | - | 100,000.00 | |||||||||||||||
Membership Interests issued to asset manager as consideration | 1,800.00 | 880.00 | 1,050.00 | 3,500.00 | 8,000.00 | |||||||||||||||
Total Non-Cash Financing Activities | 1,800.00 | 880.00 | 1,050.00 | 3,500.00 | 108,000.00 |
See accompanying notes, which are an integral part of these financial statements.
F-291
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2021
#TATUM FLAWLESS10 | #TED WILLIAMS1939 PLAYBALL | #TIGER PUTTER | #TIGER SIFORKIDS | #TIGER SPAUTHENTIC BGS9.5 | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | - | - | - | - | - | |||||||||||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | - | - | - | - | - | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | (1,090.00 | ) | (1,080.00 | ) | (1,217.50 | ) | (1,115.00 | ) | (1,085.00 | ) | ||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | (1,090.00 | ) | (1,080.00 | ) | (1,217.50 | ) | (1,115.00 | ) | (1,085.00 | ) | ||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due to Affiliate | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,090.00 | 1,080.00 | 1,217.50 | 1,115.00 | 1,085.00 | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | (1,090.00 | ) | (1,080.00 | ) | (1,217.50 | ) | (1,115.00 | ) | (1,085.00 | ) | ||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | (44,910.00 | ) | (30,920.00 | ) | (111,132.50 | ) | (12,385.00 | ) | (34,915.00 | ) | ||||||||||
Proceeds From Sale of Collectable Assets | - | - | - | - | - | |||||||||||||||
Net Cash provided by (used in) Investing Activities | (44,910.00 | ) | (30,920.00 | ) | (111,132.50 | ) | (12,385.00 | ) | (34,915.00 | ) | ||||||||||
Cash Flows From Financing | ||||||||||||||||||||
Capital Contributions | 46,000.00 | 32,000.00 | 112,350.00 | 13,500.00 | 36,000.00 | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | 46,000.00 | 32,000.00 | 112,350.00 | 13,500.00 | 36,000.00 | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | - | - | - | - | - | |||||||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests issued to asset seller as consideration | - | - | 92,520.00 | 10,000.00 | - | |||||||||||||||
Membership Interests issued to asset manager as consideration | 1,600.00 | 1,960.00 | 5,860.00 | 1,400.00 | 900.00 | |||||||||||||||
Total Non-Cash Financing Activities | 1,600.00 | 1,960.00 | 98,380.00 | 11,400.00 | 900.00 |
See accompanying notes, which are an integral part of these financial statements.
F-292
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2021
#TRAEYOUNG FLAWLESS BGS9 | #TYSONRCBGS9 BASKET | #TheRock BumbleBee PSA10 | #TimDuncan PMGGreen | #TraeYoung Flawless GreenBGS9 | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | - | - | - | - | - | |||||||||||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain on Sale of Assets | - | - | - | - | - | |||||||||||||||
Impairment Loss on Series | - | - | - | - | - | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | (1,050.00 | ) | - | (1,050.00 | ) | (930.00 | ) | - | ||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | (1,050.00 | ) | - | (1,050.00 | ) | (930.00 | ) | - | ||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due to Affiliate | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | 1,050.00 | - | 1,050.00 | 930.00 | - | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | (1,050.00 | ) | - | (1,050.00 | ) | (930.00 | ) | - | ||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | (13,950.00 | ) | (56,500.00 | ) | (43,950.00 | ) | (218,570.00 | ) | (14,000.00 | ) | ||||||||||
Proceeds From Sale of Collectable Assets | - | - | - | - | - | |||||||||||||||
Net Cash provided by (used in) Investing Activities | (13,950.00 | ) | (56,500.00 | ) | (43,950.00 | ) | (218,570.00 | ) | (14,000.00 | ) | ||||||||||
Cash Flows From Financing | ||||||||||||||||||||
Capital Contributions | 15,000.00 | 56,500.00 | 45,000.00 | 219,500.00 | 14,000.00 | |||||||||||||||
Distributions to equity holders | - | - | - | - | - | |||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | 15,000.00 | 56,500.00 | 45,000.00 | 219,500.00 | 14,000.00 | |||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | - | - | - | - | - | |||||||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests issued to asset seller as consideration | - | 12,000.00 | - | - | 10,000.00 | |||||||||||||||
Membership Interests issued to asset manager as consideration | 840.00 | 2,400.00 | 3,200.00 | 8,000.00 | 840.00 | |||||||||||||||
Total Non-Cash Financing Activities | 840.00 | 14,400.00 | 3,200.00 | 8,000.00 | 10,840.00 |
See accompanying notes, which are an integral part of these financial statements.
F-293
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2021
#Trevor Lawrence LeafBasket | #TroutFinest Super fractor | #UNITAS1965 JERSEY | #Unitas PSA8 | #WILTCHAM BERLAIN61 PSA9 | ||||||||||||||||
Cash Flows From Operating Activities: | ||||||||||||||||||||
Net Income/(Loss) For the Period | - | - | - | - | 144,898.00 | |||||||||||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||||||||||
Gain on Sale of Assets | - | - | - | - | (144,898.00 | ) | ||||||||||||||
Impairment Loss on Series | - | - | - | - | - | |||||||||||||||
Other Receivables | - | - | - | - | - | |||||||||||||||
Due from Related Party | - | (1,100.00 | ) | (1,100.00 | ) | - | (1,149.00 | ) | ||||||||||||
CSA Due From CSAM | - | - | - | - | - | |||||||||||||||
Reserve - Asset | - | (1,100.00 | ) | (1,100.00 | ) | - | (1,149.00 | ) | ||||||||||||
Prepaid Fees and Expenses | - | - | - | - | - | |||||||||||||||
Prepaid Consignments | - | - | - | - | - | |||||||||||||||
Due to Affiliate | - | - | - | - | - | |||||||||||||||
Consignment Liabilities | - | - | - | - | - | |||||||||||||||
Sale Payout Liability | - | - | - | - | - | |||||||||||||||
Other Current Liabilities | - | 1,100.00 | 1,100.00 | - | - | |||||||||||||||
Net Cash Flows provided by (used in) Operating Activities | - | (1,100.00 | ) | (1,100.00 | ) | - | (2,298.00 | ) | ||||||||||||
Cash Flow from Investing Activities | ||||||||||||||||||||
Purchase of Collectable Assets | (10,000.00 | ) | (221,400.00 | ) | (48,900.00 | ) | (20,000.00 | ) | (97,802.00 | ) | ||||||||||
Proceeds From Sale of Collectable Assets | - | - | - | - | 350,000.00 | |||||||||||||||
Net Cash provided by (used in) Investing Activities | (10,000.00 | ) | (221,400.00 | ) | (48,900.00 | ) | (20,000.00 | ) | 252,198.00 | |||||||||||
Cash Flows From Financing | ||||||||||||||||||||
Capital Contributions | 10,000.00 | 222,500.00 | 50,000.00 | 20,000.00 | 100,100.00 | |||||||||||||||
Distributions to equity holders | - | - | - | - | (350,000.00 | ) | ||||||||||||||
Net Cash Flows Provided by (Used In) Financing Activities | 10,000.00 | 222,500.00 | 50,000.00 | 20,000.00 | (249,900.00 | ) | ||||||||||||||
Net increase (decrease) in cash | - | - | - | - | - | |||||||||||||||
Cash at Beginning of Period | - | - | - | - | - | |||||||||||||||
Cash at End of Period | - | - | - | - | - | |||||||||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||||||||||
Membership Interests issued to asset seller as consideration | - | 50,000.00 | 115,500.00 | - | 99,900.00 | |||||||||||||||
Membership Interests issued to asset manager as consideration | 1,300.00 | 10,000.00 | 1,500.00 | 1,200.00 | 7,400.00 | |||||||||||||||
Total Non-Cash Financing Activities | 1,300.00 | 60,000.00 | 117,000.00 | 1,200.00 | 107,300.00 |
See accompanying notes, which are an integral part of these financial statements.
F-294
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2021
#YASTRZEM SKIRC9 BASKET | #ZIONRPA BGS9 | #ZionPrizms BlueBGS10 | ||||||||||
Cash Flows From Operating Activities: | ||||||||||||
Net Income/(Loss) For the Period | - | (21,593.88 | ) | - | ||||||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||||||
Gain on Sale of Assets | - | - | ||||||||||
Impairment Loss on Series | - | 21,593.88 | - | |||||||||
Other Receivables | - | - | - | |||||||||
Due from Related Party | (1,048.00 | ) | (2,050.00 | ) | - | |||||||
CSA Due From CSAM | - | - | - | |||||||||
Reserve - Asset | (1,048.00 | ) | (2,050.00 | ) | - | |||||||
Prepaid Fees and Expenses | - | - | - | |||||||||
Prepaid Consignments | - | - | - | |||||||||
Due to Affiliate | - | - | - | |||||||||
Consignment Liabilities | - | - | - | |||||||||
Sale Payout Liability | - | - | - | |||||||||
Other Current Liabilities | 1,048.00 | 2,050.00 | - | |||||||||
Net Cash Flows provided by (used in) Operating Activities | (1,048.00 | ) | (2,050.00 | ) | - | |||||||
Cash Flow from Investing Activities | ||||||||||||
Purchase of Collectable Assets | (38,452.00 | ) | (126,950.00 | ) | (23,000.00 | ) | ||||||
Proceeds From Sale of Collectable Assets | - | - | - | |||||||||
Net Cash provided by (used in) Investing Activities | (38,452.00 | ) | (126,950.00 | ) | (23,000.00 | ) | ||||||
Cash Flows From Financing | ||||||||||||
Capital Contributions | 39,500.00 | 129,000.00 | 23,000.00 | |||||||||
Distributions to equity holders | - | - | - | |||||||||
Net Cash Flows Provided by (Used In) Financing Activities | 39,500.00 | 129,000.00 | 23,000.00 | |||||||||
Net increase (decrease) in cash | - | - | - | |||||||||
Cash at Beginning of Period | - | - | - | |||||||||
Cash at End of Period | - | - | - | |||||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||||||
Membership Interests issued to asset seller as consideration | - | - | 6,000.00 | |||||||||
Membership Interests issued to asset manager as consideration | 2,470.00 | 4,720.00 | 2,560.00 | |||||||||
Total Non-Cash Financing Activities | 2,470.00 | 4,720.00 | 8,560.00 |
See accompanying notes, which are an integral part of these financial statements.
F-295
COLLECTABLE SPORTS ASSETS, LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2021
CSA | CONSOLIDATED | |||||||
Cash Flows From Operating Activities: | ||||||||
Net Income/(Loss) For the Period | (614.26 | ) | 1,507,733.25 | |||||
Adjustment to reconcile Net Income/(Loss) to Net Cash Provided By (used in) Operations: | ||||||||
Gain on Sale of Assets | - | (1,699,238.80 | ) | |||||
Impairment Loss on Series | - | 190,891.29 | ||||||
Other Receivables | (27,520.00 | ) | (27,520.00 | ) | ||||
Due from Related Party | 16,631.62 | - | ||||||
CSA Due From CSAM | (713,011.08 | ) | (713,011.08 | ) | ||||
Reserve - Asset | - | (187,409.62 | ) | |||||
Prepaid Fees and Expenses | 17,500.00 | 17,500.00 | ||||||
Prepaid Consignments | (184,270.00 | ) | (184,270.00 | ) | ||||
Due to Affiliate | 1,952,098.54 | 1,952,098.54 | ||||||
Consignment Liabilities | - | (100,778.00 | ) | |||||
Sale Payout Liability | 18,784.33 | (51,215.67 | ) | |||||
Other Current Liabilities | - | 173,268.72 | ||||||
Net Cash Flows provided by (used in) Operating Activities | 1,079,599.15 | 878,048.63 | ||||||
Cash Flow from Investing Activities | ||||||||
Purchase of Collectable Assets | - | (19,681,459.98 | ) | |||||
Proceeds From Sale of Collectable Assets | - | 5,861,500.00 | ||||||
Net Cash provided by (used in) Investing Activities | - | (13,819,959.98 | ) | |||||
Cash Flows From Financing | ||||||||
Capital Contributions | - | 19,883,010.50 | ||||||
Distributions to equity holders | - | (5,861,500.00 | ) | |||||
Net Cash Flows Provided by (Used In) Financing Activities | - | 14,021,510.50 | ||||||
Net increase (decrease) in cash | 1,079,599.15 | 1,079,599.15 | ||||||
Cash at Beginning of Period | 80,038.00 | 80,038.00 | ||||||
Cash at End of Period | 1,159,637.15 | 1,159,637.15 | ||||||
Supplemental Disclosure of Non-Cash Investing & Financing Activities: | ||||||||
Membership Interests issued to asset seller as consideration | - | 6,676,739.00 | ||||||
Membership Interests issued to asset manager as consideration | - | 1,187,183.00 | ||||||
Total Non-Cash Financing Activities | - | 7,863,922.00 |
See accompanying notes, which are an integral part of these financial statements.
F-296
COLLECTABLE SPORTS ASSETS, LLC
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
AS OF DECEMBER 31, 2022 AND 2021
NOTE 1: NATURE OF OPERATIONS
Collectable Sports Assets LLC (the “Company”) is a series limited liability company formed on January 16, 2020 pursuant to the Delaware Limited Liability Company Act. The Company was formed to engage in the business of acquiring and managing a collection of investment grade memorabilia or Collectables (the “Collectable Assets” or “Assets”). The Company has created, separate series of the Company (each, a “Series”), and that each Collectable Asset will be owned by a separate Series and that the assets and liabilities of each Series will be separate in accordance with Delaware law. Investors acquire membership interests (the “Interests”) in each Series and will be entitled to share in the return of that series but will not be entitled to share in the return of any other series.
CS Asset Manager, LLC is the manager of the Company (the “Manager”) and serves as the asset manager for the Collectable Assets issued by the Company and each Series (the “Asset Manager”). The Series acquire the Collectable Assets from the Manager and develop the financial, offering and other materials to begin offering the Interests through a mobile app-based investment platform called Collectable (the “Collectable Platform”).
The Company sells Interests in a number of separate individual Series. Investors in any Series acquire a proportional share of income and liabilities as they pertain to a particular Series, and the sole assets and liabilities of any given Series at the time of the closing of an offering related to that series are a Collectable Asset (plus any cash reserves for future operating expenses). All voting rights, except as specified in the Operating Agreement or required by law, remain with the Manager (e.g., determining the type and quantity of general maintenance and other expenses required for the appropriate upkeep of each Collectable Asset, determining how to best commercialize the applicable Collectable Assets, evaluating potential sale offers and the liquidation of a Series). The Manager manages the ongoing operations of each Series in accordance with the operating agreement of the Company, as amended and restated from time to time (the “Operating Agreement”).
Operating Agreement
General
In accordance with the Operating Agreement, each interest holder in a Series grants a power of attorney to the Manager. The Manager has the right to appoint officers of the Company and each Series.
Voting Rights
The Manager has broad authority to act with respect to the Company and any Series. Interest holders do not have any voting rights as an interest holder in the Company or a Series except with respect to:
I. | the removal of the Manager; |
II. | the dissolution of the Company upon the for-cause removal of the Managing Member; |
III. | an amendment to the Operating Agreement that would adversely affect the rights of an interest holder in any material respect; |
IV. | reduce the voting percentage required for any action to be taken by the holders of Interests in the Company under the Operating Agreement; |
V. | change the situations in which the Company and any Series can be dissolved or terminated; |
VI. | change the term of the Company (other than the circumstances provided in the Operating Agreement); or |
VII. | give any person the right to dissolve the Company. |
F-297
When entitled to vote on a matter, each interest holder will be entitled to one vote per Interest held by the interest holder on all matters submitted to a vote of the interest holders of an applicable Series or of the interest holders of all Series of the Company, as applicable. The removal of the Manager as manager of the Company and all Series must be approved by two thirds of the votes that may be cast by all interest holders in any Series. All other matters to be voted on by the interest holders must be approved by a majority of the votes cast by all interest holders in any Series present in person or represented by proxy.
Free Cash Flow Distributions
The Manager has sole discretion in determining what distributions of free cash flow, if any, are made to holders of Interests of each Series. Free cash flow consists of the net income (as determined under accounting principles generally accepted in the United States of America (“U.S. GAAP”) generated by such Series plus any change in net working capital and depreciation and amortization (and any other non-cash operating expenses) and less any capital expenditures related to the Collectable Asset related to such Series. The Manager may maintain free cash flow funds in a deposit account or an investment account for the benefit of the Series.
˗ | Any free cash flow generated by a Series from the utilization of the Collectable Asset related to such Series shall be applied within the Series in the following order of priority: |
˗ | repay any amounts outstanding under Operating Expenses plus accrued interest; |
˗ | thereafter to create such reserves as the Manager deems necessary, in its sole discretion, to meet future operating expenses; |
˗ | thereafter by way of distribution to holders of the Interests of such Series (net of corporate income taxes applicable to the Series), which may include asset sellers of the Collectable Asset related to such Series or the Manager or any of its affiliates. |
Manager’s Interest
At the closing of each offering, and unless otherwise set forth in the applicable Series designation, the Manager shall acquire a minimum of 0.5% and no maximum of interests sold in connection with each offering (of which the Manager may sell all or any portion from time to time following the closing of such offering) for the same price per share offered to all other potential investors.
Asset Management Fees
As consideration for managing each Underlying Asset, the Manager may be paid a monthly Management Fee pursuant to the Asset Management Agreement. On applicable offerings, the Manager will assess a Management Fee of not more than 2% (annualized) of the Carrying Value of the Collectable Asset. The Carrying Value is calculated monthly based upon the Series’ volume weighted average price (VWAP) value over the preceding month. This only applies to months where the Series was trading for the entirety of the month.
To date, no Management Fees have been paid by any Series but may elect to withhold the cash associated with the Management Fee upon the sale of the Underlying Asset before distributing the remaining sales proceeds to the Shareholders.
Asset Dispositions
As consideration for facilitating a sale of an Underlying Asset of a Series, the Manager may receive a disposition fee of up to 5% of the sales price of an asset.
The Company received purchase offers for the underlying assets of the Collectable Assets listed in the tables below. Per the terms of the Operating Agreement, the Company, together with the Manager’s Advisory Board evaluated the offers and determined it was in the interest of the unit-holders to sell the Collectable Asset.
For the year ending December 31, 2022, the Company sold (14) fourteen Assets for a price of $1,650,500 and a Net Gain on Sale of Assets of $409,389 and for the year ending December 31, 2021, the Company sold (13) thirteen Assets for a price of $5,861,500 and a Net Gain on Sale of Assets of $1,699,239.
F-298
Concentration of Risk
As of December 31, 2022, the Company had cash and cash equivalents in certain financial institutions in excess of federally insured levels. The Company diversifies its cash and cash equivalents with several banking institutions in an attempt to minimize exposure to any one of these institutions. The Company regularly monitors the financial stability of these financial institutions along with the balances there on deposit to minimize the Company’s potential risk and believes that it is not exposed to any significant credit risk in cash and cash equivalents.
The Company holds cash accounts at several institutions in excess of the Federal Deposit Insurance Corporation (the “FDIC”) protection limits of $250,000. The Company’s exposure to credit loss in the event of the failure of these institutions is represented by the difference between the FDIC protection limit and the total amount on deposit. At December 31, 2022 the Company’s cash accounts exceeded federally insured limits by approximately $240,000.
The table below shows the Series sold in 2022.
Series Name | Date of Sale | Sales Price | Cost Basis | Net Gain | |||||||||||
#LEBRONROOKIE | 1/31/2022 | $ | 75,000 | $ | 46,303 | $ | 28,697 | ||||||||
#MAHOMESEMERALDRPABGS9 | 2/4/2022 | $ | 115,000 | $ | 79,870 | $ | 35,130 | ||||||||
#FRANKROBINSON1957PSA9BASKET | 2/11/2022 | $ | 96,000 | $ | 76,272 | $ | 19,728 | ||||||||
#JordanMagicLeBronTripleAutoJersey | 2/13/2022 | $ | 130,000 | $ | 130,039 | $ | (39 | ) | |||||||
#BANKS1954PSA9 | 2/17/2022 | $ | 155,000 | $ | 87,565 | $ | 67,435 | ||||||||
#GIANNISRPA | 2/17/2022 | $ | 200,000 | $ | 116,530 | $ | 83,470 | ||||||||
#MIKANRCPHOTO | 2/23/2022 | $ | 82,500 | $ | 55,330 | $ | 27,170 | ||||||||
#OscarRobertsonCincinnatiRoyalsJersey | 3/9/2022 | $ | 320,000 | $ | 284,170 | $ | 35,830 | ||||||||
#TATUMFLAWLESS10 | 4/1/2022 | $ | 100,000 | $ | 45,420 | $ | 54,580 | ||||||||
#LUKADONCICGUROOKIESNEAKERS | 4/1/2022 | $ | 115,000 | $ | 85,280 | $ | 29,720 | ||||||||
#OttoGraham1950BowmanPSA9 | 4/5/2022 | $ | 70,000 | $ | 43,867 | $ | 26,133 | ||||||||
#KobeBryantRookieSneakers | 5/16/2022 | $ | 152,500 | $ | 135,990 | $ | 16,510 | ||||||||
#YASTRZEMSKIRC9BASKET | 10/7/2022 | $ | 36,000 | $ | 39,874 | $ | (3,874 | ) | |||||||
#SeagerOrangeRefractorBasket | 11/10/2022 | $ | 3,500 | $ | 14,600 | $ | (11,100 | ) | |||||||
Total | $ | 1,650,500 | $ | 1,241,111 | $ | 409,389 |
The table below shows the Series sold in 2021.
Series Name | Date of Sale | Sales Price | Cost Basis | Net Gain | |||||||||||
#MAGICBIRDDRJ | 2/2/2021 | $ | 720,000 | $ | 351,420 | $ | 368,580 | ||||||||
#KOUFAX1955PSA8.5 | 3/10/2021 | $ | 100,000 | $ | 35,380 | $ | 64,620 | ||||||||
#WILTCHAMBERLAIN61PSA9 | 4/14/2021 | $ | 350,000 | $ | 205,102 | $ | 144,898 | ||||||||
#JORDAN85NIKEBASKET | 6/4/2021 | $ | 203,000 | $ | 139,018 | $ | 63,982 | ||||||||
#MANTLEMINT1953 | 7/23/2021 | $ | 3,100,000 | $ | 2,488,000 | $ | 612,000 | ||||||||
#BRADYREEBOKFLAWLESS | 8/9/2021 | $ | 70,000 | $ | 46,564 | $ | 23,436 | ||||||||
#DEVERSSUPERFRACTOR | 8/12/2021 | $ | 78,500 | $ | 34,720 | $ | 43,780 | ||||||||
#MAYS1951PHOTO | 8/23/2021 | $ | 65,000 | $ | 51,144 | $ | 13,856 | ||||||||
#FRANKROBINSON500HRBAT | 10/28/2021 | $ | 200,000 | $ | 172,429 | $ | 27,571 | ||||||||
#RODGERSPLAYOFFCONTENDERSGREEN | 11/23/2021 | $ | 30,000 | $ | 18,864 | $ | 11,136 | ||||||||
#STEPHCURRYSNEAKERS | 11/30/2021 | $ | 110,000 | $ | 80,020 | $ | 29,980 | ||||||||
#OVECHKINTHECUPBGS8.5 | 12/10/2021 | $ | 55,000 | $ | 40,110 | $ | 14,890 | ||||||||
#CURRYRPABGS9.5 | 12/24/2021 | $ | 780,000 | $ | 499,490 | $ | 280,510 | ||||||||
Total | $ | 5,861,500 | $ | 4,162,261 | $ | 1,699,239 |
F-299
NOTE 2: LIQUIDITY AND GOING CONCERN
CSA and its Series incur certain Operating Expenses. If the Operating Expenses for CSA or a particular Series (as described above in Item 1 “Operating Expenses”) exceed the amount of revenue generated from the Underlying Asset of such Series and cannot be covered by any Operating Expense reserves on the balance sheet of the Series, the Manager or Asset Manager may (a) pay such Operating Expenses and not seek reimbursement, (b) loan the amount of the Operating Expenses to the Series, on which the Manager of Asset Manager may impose a reasonable rate of interest, and be entitled to reimbursement of such amount from future gains generated by the Underlying Asset related to such Series, and, or (c) cause additional Interest to be issued in the Series in order to cover such additional amounts.
If CSA or its Series do not have sufficient liquidity to cover its Operating Expenses, and the Manager does not have the liquidity to cover the Operating Expenses associated with CSA or the Series pursuant to the Operating Agreement, CSA and the Series will be unable to pay its expenses. Current and future market conditions may negatively affect the fair value of Collectable assets. As of December 31, 2022, given the existing liquidity and projected cash flow of CSA, and our Manager, we feel substantial doubt exists about CSA’s and the Series’ ability to continue as a going concern within one year after the date that the financial statements are issued. We are exploring various liquidity options which include borrowings, selling equity or Assets or reducing operating costs, including layoffs. We cannot provide any assurance that these plans will be successful.
There can be no assurances that CSA, any particular series or the Manager can cover the costs. Furthermore, no assurances can be given that our plans to address our liquidity concerns will be successful. The financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result should the Company be unable to continue as a going concern. The consolidated financial statements and each listed Series’ financial statements do not include any adjustments that might result from this uncertainty. Our independent auditing firm has included a “Going Concern” paragraph in its reports that expresses substantial doubt about our ability to continue as a going concern over the next twelve months.
NOTE 3: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Presentation and Principles of Consolidation
The accounting and reporting policies of the Company conform to U.S. GAAP. The Company adopted the calendar year as its basis of reporting.
Management is responsible for the preparation and fair presentation of the consolidated financial statements in accordance with U.S. GAAP, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of consolidated financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the consolidated financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date that the consolidated financial statements are available to be issued.
The accompanying consolidated financial statements include the accounts of Collectable Sports Assets, LLC as well as each of its Series required to be consolidated under U.S. GAAP. Significant intercompany accounts and transactions have been eliminated.
Use of Estimates
The preparation of consolidated financial statements in conformity with U.S. GAAP requires our manager to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Cash
The Company considers short-term, highly liquid investment with original maturities of three months or less at the time of purchase to be cash equivalents. Cash consists of funds held in the Company’s checking account. As of December 31, 2022 and 2021, the Company had $490,460 and $1,159,637 of cash on hand respectively.
F-300
Prepaid Consignments
Prepaid consignments represent payments made to Consignors for the cash portion of the consignment in advance of the escrow closing. As of December 31, 2022, there were no prepaid consignments. As of December 31, 2021, prepaid consignments totaled $466,670.
Collectable Assets and other Sports Memorabilia
The Collectable Assets are recorded at cost. The cost of the Collectable Asset includes the purchase price, including any deposits for the asset funded by the Manager and acquisition expenses, which include all fees, costs and expenses incurred in connection with the evaluation, discovery, investigation, development and acquisition of the asset related to each series incurred prior to the closing, including brokerage and sales fees and commissions, appraisal fees, research fees, transfer taxes, third-party industry and due diligence experts, auction house fees and travel and lodging for inspection purposes.
The Company treats the Collectable Assets as long-lived assets, and the Collectable Assets will be subject to an annual test for impairment and will not be depreciated or amortized. These long-lived assets are reviewed for impairment annually or whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge may be recognized in the amount by which the carrying amount of the asset exceeds the fair value of the asset.
The Manager annually evaluates each asset’s carrying value compared to the current market value of the asset to determine if an adjustment is needed to be recorded, in accordance with the accounting principles generally accepted in the United States of America. For 2022, to measure the value of the assets and test for impairment the Company used the market capitalization based on the VWAP as of December 31, 2022, which it feels more accurately represents the Asset’s public value. For 2021, to measure the value of assets and test for impairment the Company used the market capitalization of the Asset based on the average of the market closing price for the last five Fridays of the year.
The following table sets forth Series which met the criteria for impairment and have recorded an Impairment loss totaling $13,001,234 during 2022 and $190,891 during 2021.
2021 | 2022 | |||||||||||||||||||||||||
Series Name | Escrow Closing Date | Beginning of Year Cost Basis | Impairment Recognized | End of Year Cost Basis | Beginning of Year Cost Basis | Impairment Recognized | End of Year Cost Basis | |||||||||||||||||||
#JACKIEROBINSONAUTOBAT | 21-Dec-20 | 81,899 | (12,646 | ) | 69,252 | |||||||||||||||||||||
#KAWHIBASKET | 08-Jan-21 | 69,570 | (11,131 | ) | 58,439 | 58,439 | (42,028 | ) | 16,411 | |||||||||||||||||
#DURANTCHROMEREFRACTORPSA10 | 11-Jan-21 | 13,100 | (2,456 | ) | 10,644 | |||||||||||||||||||||
#18-19BASKETBALLGROWTHBASKET | 15-Jan-21 | 43,682 | (21,602 | ) | 22,081 | |||||||||||||||||||||
#LEBRONBLACKREFRACTOR | 28-Jan-21 | 134,860 | (54,866 | ) | 79,994 | |||||||||||||||||||||
#1986WAX | 16-Feb-21 | 192,200 | (11,389 | ) | 180,811 | |||||||||||||||||||||
#EMMITTSMITHMVPBASKET | 16-Feb-21 | 113,740 | (24,283 | ) | 89,457 | 89,457 | (36,746 | ) | 52,711 | |||||||||||||||||
#ZIONRPABGS9 | 16-Feb-21 | 131,670 | (21,594 | ) | 110,076 | 110,076 | (57,646 | ) | 52,430 | |||||||||||||||||
#COBBMINTE98 | 22-Feb-21 | 300,063 | (48,069 | ) | 251,993 | |||||||||||||||||||||
#EMMITTSMITH10KJERSEY | 22-Feb-21 | 59,340 | (27,578 | ) | 31,763 | |||||||||||||||||||||
#GIANNISGOLDIMMACULATE | 15-Mar-21 | 50,035 | (10,327 | ) | 39,708 | |||||||||||||||||||||
#MOOKIEBETTSGLOVE | 17-Mar-21 | 62,058 | (44,308 | ) | 17,750 | |||||||||||||||||||||
#DONCICBLUEPSA10 | 22-Mar-21 | 61,920 | (32,343 | ) | 29,577 | |||||||||||||||||||||
#GLEYBERTORRESORANGE9.5 | 25-Mar-21 | 20,898 | (669 | ) | 20,229 | 20,229 | (16,535 | ) | 3,694 | |||||||||||||||||
#MAGICBIRDDRJPSA8BASKET | 01-Apr-21 | 27,069 | (20,275 | ) | 6,794 | |||||||||||||||||||||
#TRAEYOUNGFLAWLESSBGS9 | 01-Apr-21 | 14,790 | (8,253 | ) | 6,537 | |||||||||||||||||||||
#DWADEULTIMATE | 02-Apr-21 | 43,055 | (29,174 | ) | 13,881 | |||||||||||||||||||||
#ACUNAGOLD9.5 | 08-Apr-21 | 26,440 | (9,296 | ) | 17,144 | |||||||||||||||||||||
#COBBVINTAGET206PHOTO | 09-Apr-21 | 53,183 | (18,592 | ) | 34,591 | |||||||||||||||||||||
#MAYS1960PSA9 | 12-Apr-21 | 17,535 | (926 | ) | 16,609 | |||||||||||||||||||||
#BettsBlueRefractorBasket | 15-Apr-21 | 32,735 | (25,397 | ) | 7,338 | |||||||||||||||||||||
#LEBRONMELOWADETRIORC | 15-Apr-21 | 378,236 | (287,477 | ) | 90,759 | |||||||||||||||||||||
#1969TOPPSBASKETBALLSET | 16-Apr-21 | 151,455 | (48,166 | ) | 103,289 | |||||||||||||||||||||
#MONTANARCPSA10 | 21-Apr-21 | 67,320 | (17,121 | ) | 50,199 | |||||||||||||||||||||
#LEBRONEMBLEMSOFENDORSEMENT | 23-Apr-21 | 218,950 | (157,882 | ) | 61,068 | |||||||||||||||||||||
#CROSBYTHECUPBASKET | 28-Apr-21 | 211,670 | (72,587 | ) | 139,083 | |||||||||||||||||||||
#MESSIROOKIEBASKET | 30-Apr-21 | 93,375 | (17,741 | ) | 75,634 | 75,634 | (47,908 | ) | 27,726 | |||||||||||||||||
#ANDRETHEGIANT | 06-May-21 | 26,870 | (16,097 | ) | 10,774 | |||||||||||||||||||||
#MARINOMANNINGFAVREJERSEYS | 07-May-21 | 47,620 | (11,191 | ) | 36,429 | |||||||||||||||||||||
#TIGERSPAUTHENTICBGS9.5 | 13-May-21 | 35,815 | (21,189 | ) | 14,626 | |||||||||||||||||||||
#ELWAY1984ROOKIECARDPSA10BASKET | 17-May-21 | 31,250 | (16,602 | ) | 14,648 | |||||||||||||||||||||
#JETERFOILRCBASKETBGS9.5 | 17-May-21 | 102,198 | (29,978 | ) | 72,220 | 72,220 | (50,486 | ) | 21,734 | |||||||||||||||||
#Mantle1968PSA9Basket | 17-May-21 | 36,974 | (17,994 | ) | 18,980 | |||||||||||||||||||||
#ANDRE&HULKWRESTLINGBASKET | 18-May-21 | 126,440 | (80,368 | ) | 46,072 |
F-301
#MLBHALLOFFAMEBASEBALL | 18-May-21 | 307,360 | (72,141 | ) | 235,219 | |||||||||||||||||||||
#JORDANSIGNEDPROFESSIONALBAT | 19-May-21 | 51,823 | (10,271 | ) | 41,552 | 41,552 | (32,838 | ) | 8,714 | |||||||||||||||||
#TATISBOWMANBLACKLABEL | 20-May-21 | 221,350 | (22,135 | ) | 199,215 | 199,215 | (154,336 | ) | 44,879 | |||||||||||||||||
#CLEMENTEWHITE&GRAYBASKET | 24-May-21 | 113,598 | (20,448 | ) | 93,150 | 93,150 | (31,093 | ) | 62,056 | |||||||||||||||||
#BETTSGOLDREFRACTORBASKET | 26-May-21 | 62,948 | (11,235 | ) | 51,713 | |||||||||||||||||||||
#KOUFAX55PSA9 | 26-May-21 | 496,600 | (104,500 | ) | 392,100 | |||||||||||||||||||||
#LEBRONULTIMATE | 26-May-21 | 184,835 | (118,825 | ) | 66,010 | |||||||||||||||||||||
#MAYS1951BOWMAN7 | 26-May-21 | 103,990 | (33,837 | ) | 70,153 | |||||||||||||||||||||
#TysonRCBGS9Basket | 26-May-21 | 58,900 | (41,308 | ) | 17,592 | |||||||||||||||||||||
#Mays1956GrayPSA9 | 27-May-21 | 57,920 | (21,757 | ) | 36,163 | |||||||||||||||||||||
#JORDANEXQUISITEBGS8 | 01-Jun-21 | 80,135 | (51,549 | ) | 28,586 | |||||||||||||||||||||
#MahomesImmaculate1of1 | 01-Jun-21 | 225,990 | (112,054 | ) | 113,936 | |||||||||||||||||||||
#Mantle54BowmanBasket | 03-Jun-21 | 52,170 | (22,363 | ) | 29,807 | |||||||||||||||||||||
#1964KOUFAXJERSEY | 04-Jun-21 | 437,465 | (25,899 | ) | 411,566 | |||||||||||||||||||||
#MAGICBIRDLOGOMAN | 04-Jun-21 | 511,680 | (289,638 | ) | 222,042 | |||||||||||||||||||||
#MahomesNT8.5 | 04-Jun-21 | 164,854 | (32,641 | ) | 132,213 | 132,218 | (74,439 | ) | 57,778 | |||||||||||||||||
#Clemente1955PSA8 | 08-Jun-21 | 84,000 | (363 | ) | 83,637 | |||||||||||||||||||||
#MessiMegacracks#71PSA9 | 08-Jun-21 | 90,000 | (56,061 | ) | 33,939 | |||||||||||||||||||||
#OZZIESMITHRCBGS9.5 | 08-Jun-21 | 74,710 | (54,009 | ) | 20,701 | |||||||||||||||||||||
#RICKEYHENDERSONRCPSA10 | 10-Jun-21 | 152,200 | (58,665 | ) | 93,535 | |||||||||||||||||||||
#JordanLeBronSignoftheTimes | 14-Jun-21 | 169,950 | (93,852 | ) | 76,098 | |||||||||||||||||||||
#DIMAGGIO1933BAT | 17-Jun-21 | 96,420 | (37,377 | ) | 59,043 | |||||||||||||||||||||
#JokicRefractor1of1 | 18-Jun-21 | 22,935 | (5,107 | ) | 17,828 | |||||||||||||||||||||
#MAYS1952PSA8 | 25-Jun-21 | 251,790 | (26,805 | ) | 224,985 | |||||||||||||||||||||
#KOBEREEBOKIVERSONRETROS | 07-Jul-21 | 90,980 | (64,126 | ) | 26,854 | |||||||||||||||||||||
#LeBronMeloDualLogoman | 08-Jul-21 | 1,109,350 | (725,558 | ) | 383,792 | |||||||||||||||||||||
#TraeYoungFlawlessGreenBGS9 | 08-Jul-21 | 24,840 | (8,965 | ) | 15,875 | |||||||||||||||||||||
#MPJChampionshipTicket | 09-Jul-21 | 30,415 | (27,551 | ) | 2,864 | |||||||||||||||||||||
#LukaRookieJersey | 13-Jul-21 | 521,440 | (161,168 | ) | 360,272 | |||||||||||||||||||||
#DonovanMitchellNT9.5 | 20-Jul-21 | 30,183 | (13,646 | ) | 16,536 | |||||||||||||||||||||
#LukaWhiteSparkle | 23-Jul-21 | 720,345 | (439,829 | ) | 280,516 | |||||||||||||||||||||
#JordanLeBronMagicTripleSigs | 05-Aug-21 | 85,702 | (55,882 | ) | 29,820 | |||||||||||||||||||||
#AcunaBowman10Basket | 09-Aug-21 | 102,515 | (60,769 | ) | 41,746 | |||||||||||||||||||||
#AliRookieCardBVG8 | 10-Aug-21 | 60,700 | (43,733 | ) | 16,967 | |||||||||||||||||||||
#TheRockBumbleBeePSA10 | 10-Aug-21 | 47,150 | (26,665 | ) | 20,485 | |||||||||||||||||||||
#03ToppsChromeWax | 12-Aug-21 | 24,350 | (8,501 | ) | 15,849 | |||||||||||||||||||||
#BradyBowman10 | 12-Aug-21 | 31,400 | (15,061 | ) | 16,339 | |||||||||||||||||||||
#SadaharuOhBat | 12-Aug-21 | 24,813 | (5,780 | ) | 19,032 | |||||||||||||||||||||
#ZionPrizmsBlueBGS10 | 17-Aug-21 | 31,560 | (20,318 | ) | 11,242 | |||||||||||||||||||||
#03ExquisiteBox | 23-Aug-21 | 83,723 | (22,916 | ) | 60,807 | |||||||||||||||||||||
#1909E95SGCSet | 07-Sep-21 | 35,998 | (12,351 | ) | 23,647 | |||||||||||||||||||||
#Mantle1953Topps8 | 07-Sep-21 | 102,505 | (1,734 | ) | 100,771 | |||||||||||||||||||||
#SatchelPaige48LeafSGC30 | 07-Sep-21 | 35,998 | (12,193 | ) | 23,805 | |||||||||||||||||||||
#JackieRobinson53Topps8 | 23-Sep-21 | 57,945 | (3,000 | ) | 54,945 | |||||||||||||||||||||
#JimmieFoxx1938Bat | 23-Sep-21 | 97,610 | (22,736 | ) | 74,874 | |||||||||||||||||||||
#KevinDurantHSJersey | 23-Sep-21 | 226,115 | (108,302 | ) | 117,813 | |||||||||||||||||||||
#KobeFinalSeasonSneakers | 23-Sep-21 | 63,790 | (43,003 | ) | 20,787 | |||||||||||||||||||||
#Mikan48BowmanPSA7 | 23-Sep-21 | 41,549 | (14,955 | ) | 26,594 | |||||||||||||||||||||
#UnitasPSA8 | 23-Sep-21 | 21,200 | (8,605 | ) | 12,595 |
F-302
#JustinHerbertHiddenTreasureRPA | 27-Sep-21 | 63,835 | (31,112 | ) | 32,723 | |||||||||||||||||||||
#TrevorLawrenceLeafBasket | 27-Sep-21 | 11,300 | (6,721 | ) | 4,579 | |||||||||||||||||||||
#48LeafRuthSGC8 | 30-Sep-21 | 53,220 | (8,645 | ) | 44,575 | |||||||||||||||||||||
#KobeBryantFirstWhite#24Jersey | 30-Sep-21 | 710,150 | (385,276 | ) | 324,874 | |||||||||||||||||||||
#KobeBryantRoyalBlueJordanSneakers | 30-Sep-21 | 92,016 | (52,569 | ) | 39,448 | |||||||||||||||||||||
#LeBronBlackDiamond | 30-Sep-21 | 78,750 | (46,370 | ) | 32,380 | |||||||||||||||||||||
#MANTLE1964TOPPS9 | 30-Sep-21 | 50,115 | (3,232 | ) | 46,882 | |||||||||||||||||||||
#Maris58ToppsPSA9 | 30-Sep-21 | 28,245 | (6,896 | ) | 21,348 | |||||||||||||||||||||
#PeytonManningMVPHelmet | 01-Oct-21 | 189,065 | (18,775 | ) | 170,290 | |||||||||||||||||||||
#ChrisBoshGameWornRaptorsSneakers | 19-Oct-21 | 16,938 | (12,269 | ) | 4,669 | |||||||||||||||||||||
#PaulPierce2010ASGJersey | 19-Oct-21 | 30,425 | (26,336 | ) | 4,089 | |||||||||||||||||||||
#MayweatherRCPSA10 | 20-Oct-21 | 25,748 | (16,290 | ) | 9,457 | |||||||||||||||||||||
#JackieLeaf3.5 | 25-Oct-21 | 41,280 | (19,324 | ) | 21,956 | |||||||||||||||||||||
#Mantle1957ToppsPSA8.5 | 25-Oct-21 | 57,216 | (12,771 | ) | 44,445 | |||||||||||||||||||||
#TROUTFINESTSUPERFRACTOR | 25-Oct-21 | 281,400 | (166,772 | ) | 114,628 | |||||||||||||||||||||
#OrangeDominguez | 26-Oct-21 | 35,366 | (18,566 | ) | 16,800 | |||||||||||||||||||||
#LBJEXQUISITE | 28-Oct-21 | 1,387,325 | (597,158 | ) | 790,167 | |||||||||||||||||||||
#Giannis48PointGameSneakers | 01-Nov-21 | 25,150 | (7,367 | ) | 17,783 | |||||||||||||||||||||
#LeBronMeloBosh2008TripleLogoMan | 01-Nov-21 | 309,750 | (232,180 | ) | 77,570 | |||||||||||||||||||||
#Mantle1966ToppsPSA9Basket | 01-Nov-21 | 44,620 | (2,395 | ) | 42,225 | |||||||||||||||||||||
#NegroLeagueLegendaryCutsBasket | 01-Nov-21 | 91,805 | (59,607 | ) | 32,198 | |||||||||||||||||||||
#ChicagoBullsDynastyHardwood | 03-Nov-21 | 365,390 | (222,083 | ) | 143,307 | |||||||||||||||||||||
#CristianoRonaldoRC1of1 | 08-Nov-21 | 254,375 | (173,192 | ) | 81,183 | |||||||||||||||||||||
#MahomesNT1of1 | 16-Nov-21 | 1,662,945 | (1,043,979 | ) | 618,966 | |||||||||||||||||||||
#Mantle1953Bowman8Basket | 18-Nov-21 | 51,984 | (22,052 | ) | 29,932 | |||||||||||||||||||||
#BradyChampionshipTicket | 23-Nov-21 | 2,312,000 | (1,442,831 | ) | 869,169 | |||||||||||||||||||||
#EddiePlankT206PSA4 | 30-Nov-21 | 317,300 | (76,299 | ) | 241,001 | |||||||||||||||||||||
#MahomesBronzeBasket | 30-Nov-21 | 114,025 | (15,608 | ) | 98,417 | |||||||||||||||||||||
#MichaelPorterJrBasket | 30-Nov-21 | 31,065 | (20,563 | ) | 10,502 | |||||||||||||||||||||
#ALKALINE1954TOPPSPSA9 | 04-Jan-22 | 41,538 | (19,691 | ) | 21,847 | |||||||||||||||||||||
#HARMONKILLEBREW1955TOPPSPSA9 | 04-Jan-22 | 42,668 | (18,741 | ) | 23,927 | |||||||||||||||||||||
#1959TOPPSBASEBALLSET | 06-Jan-22 | 84,548 | (24,467 | ) | 60,080 | |||||||||||||||||||||
#AlexRodriguez09WSUniform | 06-Jan-22 | 148,505 | (87,643 | ) | 60,862 | |||||||||||||||||||||
#Gretzky1979Topps9 | 06-Jan-22 | 59,065 | (1,720 | ) | 57,345 | |||||||||||||||||||||
#JORDAN86FLEERBGS9.5BASKET | 06-Jan-22 | 143,550 | (75,658 | ) | 67,892 | |||||||||||||||||||||
#ShoelessJoeJackson1915PSA8 | 06-Jan-22 | 98,723 | (54,066 | ) | 44,657 | |||||||||||||||||||||
#KobeBryant2001WarmUpJacket | 28-Jan-22 | 208,105 | (134,651 | ) | 73,454 | |||||||||||||||||||||
#KareemPointsRecordBall | 03-Feb-22 | 391,650 | (263,610 | ) | 128,040 | |||||||||||||||||||||
#LOUGEHRIGRCPHOTO | 07-Feb-22 | 53,247 | (5,825 | ) | 47,422 | |||||||||||||||||||||
#LBJKobeToppsBasket | 14-Feb-22 | 16,800 | (7,465 | ) | 9,335 | |||||||||||||||||||||
#SandyKoufax1956ToppsGrayBackPSA9 | 14-Feb-22 | 35,823 | (4,945 | ) | 30,878 | |||||||||||||||||||||
#RONALDO2003PANINIMEGACRAQUESPSA10 | 16-Feb-22 | 324,715 | (170,975 | ) | 153,740 | |||||||||||||||||||||
#BobbyOrrBruinsJersey | 28-Feb-22 | 428,140 | (124,296 | ) | 303,844 | |||||||||||||||||||||
#KobeLeBronJordanMagicQuadAuto | 28-Feb-22 | 125,990 | (85,521 | ) | 40,469 | |||||||||||||||||||||
#MARINO1984ROOKIECARDBGS10BASKET | 03-Mar-22 | 19,580 | (9,294 | ) | 10,286 | |||||||||||||||||||||
#NTBBallWaxBundle | 05-Mar-22 | 141,525 | (78,600 | ) | 62,925 | |||||||||||||||||||||
#BRADY2000SPXSPECTRUMBGS9.5 | 09-Mar-22 | 562,710 | (280,354 | ) | 282,356 |
F-303
#BRADYDEBUTTICKET | 09-Mar-22 | 114,768 | (49,530 | ) | 65,237 | |||||||||||||||||||||
#WarrenSpahn1948LeafPSA9 | 22-Mar-22 | 92,750 | (41,314 | ) | 51,436 | |||||||||||||||||||||
#MLBALLSTARGAMETICKETRUN COLLECTION | 30-Mar-22 | 49,890 | (27,621 | ) | 22,269 | |||||||||||||||||||||
#RoyCampanella1949BowmanPSA9 | 31-Mar-22 | 61,600 | (23,100 | ) | 38,500 | |||||||||||||||||||||
#WILTCHAMBERLAIN1961FLEERRCPSA9 | 01-Apr-22 | 356,000 | (66,616 | ) | 289,383 | |||||||||||||||||||||
#DaveBingSigned50GreatestNBAPlayersLithograph | 04-Apr-22 | 105,325 | (65,045 | ) | 40,280 | |||||||||||||||||||||
#JordanExquisite8.5Flashback | 06-Apr-22 | 179,995 | (84,698 | ) | 95,297 | |||||||||||||||||||||
#JORDANFLEER86SGC10 | 06-Apr-22 | 199,495 | (116,345 | ) | 83,150 | |||||||||||||||||||||
#KOUFAXPSA8 | 06-Apr-22 | 43,360 | (16,405 | ) | 26,955 | |||||||||||||||||||||
#LEBRONCREDENTIALS | 06-Apr-22 | 196,000 | (151,238 | ) | 44,762 | |||||||||||||||||||||
#MANTLE1967TOPPS9 | 06-Apr-22 | 20,785 | (5,174 | ) | 15,610 | |||||||||||||||||||||
#OVECHKINSPAUTHBASKET9.5 | 06-Apr-22 | 31,090 | (6,471 | ) | 24,619 | |||||||||||||||||||||
#AARONDECADEBASKET | 07-Apr-22 | 85,439 | (13,060 | ) | 72,379 | |||||||||||||||||||||
#GRIFFEY89UPPERDECKSGCGOLD | 07-Apr-22 | 17,360 | (8,915 | ) | 8,445 | |||||||||||||||||||||
#LeBronRookieShoes | 07-Apr-22 | 464,925 | (108,641 | ) | 356,284 | |||||||||||||||||||||
#MAGICBIRDDRJ1980PSA9 | 07-Apr-22 | 31,850 | (16,306 | ) | 15,543 | |||||||||||||||||||||
#NolanRyan1968MiltonBradleyPSA9 | 11-Apr-22 | 171,470 | (45,280 | ) | 126,190 | |||||||||||||||||||||
#PaulMolitor1978ToppsPSA10 | 11-Apr-22 | 52,973 | (18,936 | ) | 34,037 | |||||||||||||||||||||
#CrosbyWinterClassicSkates | 15-Apr-22 | 18,010 | (5,094 | ) | 12,916 | |||||||||||||||||||||
#RONALDO2002PANINIFUTEBOL STICKER SPSA10 | 18-Apr-22 | 114,535 | (49,849 | ) | 64,686 | |||||||||||||||||||||
#KobeBlackHistoryMonthFinalSeasonShoes | 25-Apr-22 | 76,195 | (28,042 | ) | 48,154 | |||||||||||||||||||||
#MantleDebutStub | 26-Apr-22 | 117,238 | (85,724 | ) | 31,514 | |||||||||||||||||||||
#YAODUNCANDIRKTRIPLELOGOMAN | 26-Apr-22 | 167,810 | (118,648 | ) | 49,163 | |||||||||||||||||||||
#EmbiidFirst50PointGameJersey | 27-Apr-22 | 38,400 | (28,354 | ) | 10,046 | |||||||||||||||||||||
#RipkenRookieJersey&CardBasket | 02-May-22 | 158,444 | (35,470 | ) | 122,973 | |||||||||||||||||||||
#TigerWoodsDebutTicket | 12-May-22 | 82,410 | (44,543 | ) | 37,867 | |||||||||||||||||||||
#Brady01TicketBooklet | 13-May-22 | 10,975 | (8,311 | ) | 2,664 | |||||||||||||||||||||
#1980ToppsBasketballWax | 19-May-22 | 73,623 | (18,590 | ) | 55,032 | |||||||||||||||||||||
#Pele1958AmericanaPSA3 | 19-May-22 | 125,738 | (49,513 | ) | 76,224 | |||||||||||||||||||||
#96SkyboxE-X2000Wax | 01-Jun-22 | 31,146 | (10,979 | ) | 20,167 | |||||||||||||||||||||
#BellingerOrangeBGS9.5 | 01-Jun-22 | 26,785 | (20,287 | ) | 6,498 | |||||||||||||||||||||
#CharlesBarkleySunsJersey | 01-Jun-22 | 158,915 | (19,119 | ) | 139,796 | |||||||||||||||||||||
#Tiger1stEventStub | 01-Jun-22 | 93,951 | (65,762 | ) | 28,188 | |||||||||||||||||||||
#HamiltonChromeOrangeSapphire | 23-Jun-22 | 58,940 | (45,554 | ) | 13,386 | |||||||||||||||||||||
#OvechkinTheCupBGSGemMint9.5 | 06-Jul-22 | 467,670 | (145,769 | ) | 321,901 | |||||||||||||||||||||
#Mantle51BowmanSGC7 | 03-Aug-22 | 100,715 | (19,167 | ) | 81,548 | |||||||||||||||||||||
#49BowmanJackieAuto | 12-Aug-22 | 76,214 | (26,011 | ) | 50,202 | |||||||||||||||||||||
#Eruzione1980MiracleOnIceGoldJersey | 30-Aug-22 | 706,805 | (267,196 | ) | 439,609 | |||||||||||||||||||||
#TatumFlawlessGoldBGS9.5 | 04-Oct-22 | 58,885 | (16,885 | ) | 42,000 | |||||||||||||||||||||
TOTAL | $ | 1,083,074 | $ | (190,891 | ) | $ | 892,183 | $ | 27,361,074 | $ | (13,001,234 | ) | $ | 14,359,840 |
Acquisition expenses are typically paid for in advance by the Manager and are reimbursed by the Series from the proceeds of the offering. The Series also distributes the appropriate amounts for the brokerage fee and, if applicable, the sourcing fee, using cash from the offering.
F-304
Acquisition expenses related to a particular Series that are incurred prior to the closing of an offering are initially funded by the Manager but will be reimbursed with the proceeds from an offering related to such Series, to the extent described in the applicable offering document.
To the extent that certain expenses are anticipated prior to the closing of an offering but are to be incurred after the closing (e.g., storage fees), additional cash from the proceeds of the offering will be retained on the Series balance sheet as reserves to cover such future anticipated expenses after the closing of the offering. Acquisition expenses are capitalized into the cost of the Collectable Asset. Should a proposed offering prove to be unsuccessful, the Company will not reimburse the Manager, and these expenses will be accounted for as capital contributions, and the acquisition expenses expensed.
As of December 31, 2022 and 2021, the Company’s total investment in the Collectable Assets across all Series, net of impairment recognition, was $20,536,241 and $25,389,095, respectively, as detailed in the table below.
Series | 2022 | 2021 | Escrow Date | |||||||
#03EXQUISITEBOX | $ | 60,807 | $ | 83,723 | 8/23/2021 | |||||
#03TOPPSCHROMEWAX | $ | 15,849 | $ | 24,350 | 8/12/2021 | |||||
#18-19BASKETBALLGROWTHBASKET | $ | 22,081 | $ | 43,682 | 1/15/2021 | |||||
#1909E95SGCSET | $ | 23,647 | $ | 35,998 | 9/7/2021 | |||||
#1959TOPPSBASEBALLSET | $ | 60,080 | $ | - | 1/6/2022 | |||||
#1964KOUFAXJERSEY | $ | 411,566 | $ | 437,465 | 6/4/2021 | |||||
#1969TOPPSBASKETBALLSET | $ | 103,289 | $ | 151,455 | 4/16/2021 | |||||
#1980ToppsBasketballWax | $ | 55,032 | $ | - | 5/19/2022 | |||||
#1986WAX | $ | 180,811 | $ | 191,200 | 2/16/2021 | |||||
#2000PLAYOFFCONTENDERSWAX | $ | 23,583 | $ | 23,583 | 3/10/2021 | |||||
#48LeafRuthSGC8 | $ | 44,575 | $ | 53,220 | 9/30/2021 | |||||
#49BowmanJackieAuto | $ | 50,202 | $ | - | 8/12/2022 | |||||
#86AutoFleerSet | $ | 109,500 | $ | - | 9/28/2022 | |||||
#96SkyboxE-X2000Wax | $ | 20,167 | $ | - | 6/1/2022 | |||||
#AARON1954PSA8.5 | $ | 123,200 | $ | 123,200 | 4/28/2021 | |||||
#ACUNAGOLD9.5 | $ | 17,144 | $ | 26,440 | 4/8/2021 | |||||
#ALIWBCBELT | $ | 427,757 | $ | 427,757 | 12/21/2020 | |||||
#ALKALINE1954TOPPSPSA9 | $ | 21,847 | $ | - | 1/4/2022 | |||||
#ANDRE&HULKWRESTLINGBASKET | $ | 46,072 | $ | 126,440 | 5/18/2021 | |||||
#ANDRETHEGIANT | $ | 10,774 | $ | 26,870 | 5/6/2021 | |||||
#AaronDecadeBasket | $ | 72,379 | $ | - | 4/7/2022 | |||||
#AcunaBowman10Basket | $ | 41,746 | $ | 102,515 | 8/9/2021 | |||||
#AlexRodriguez09WSUniform | $ | 60,862 | $ | - | 1/6/2022 | |||||
#AliRookieCardBVG8 | $ | 16,967 | $ | 60,700 | 8/10/2021 | |||||
#BANKS1954PSA9 | $ | - | $ | 89,745 | 2/16/2021 | |||||
#BETTSGOLDREFRACTORBASKET | $ | 51,713 | $ | 62,698 | 5/26/2021 | |||||
#BRADYPLAYOFFCONTENDERSBASKET | $ | 92,269 | $ | 92,269 | 4/8/2021 | |||||
#BRADYREEBOKFLAWLESS | $ | - | $ | - | 2/16/2021 | |||||
#BRADYROOKIE | $ | 58,575 | $ | 58,575 | 2/17/2021 | |||||
#BabeRuthBowsOutPhoto | $ | 49,843 | $ | - | 3/7/2022 | |||||
#BellingerOrangeBGS9.5 | $ | 6,498 | $ | - | 6/1/2022 | |||||
#BettsBlueRefractorBasket | $ | 7,338 | $ | 32,735 | 4/15/2021 | |||||
#BobbyOrrBruinsJersey | $ | 303,844 | $ | - | 2/28/2022 | |||||
#Brady01TicketBooklet | $ | 2,664 | $ | - | 5/13/2022 |
F-305
#Brady2000SPXSpectrumBGS9.5 | $ | 282,356 | 3/9/2022 | |||||||
#BradyBowman10 | $ | 16,339 | $ | 42,900 | 8/12/2021 | |||||
#BradyChampionshipTicket | $ | 869,169 | $ | 2,312,000 | 11/23/2021 | |||||
#BradyDebutTicket | $ | 65,237 | $ | - | 3/9/2022 | |||||
#CHAMBERLAINHSUNIFORM | $ | 319,250 | $ | 319,250 | 1/14/2021 | |||||
#CHAMBERLAINPHILAJERSEY59-60 | $ | 1,334,625 | $ | 1,334,625 | 6/9/2021 | |||||
#CLEMENTE1955PSA8 | $ | 83,637 | $ | 84,000 | 6/8/2021 | |||||
#CLEMENTEWHITE&GRAYBASKET | $ | 62,056 | $ | 93,150 | 5/24/2021 | |||||
#COBBMINTE98 | $ | 251,993 | $ | 300,063 | 2/22/2021 | |||||
#COBBVINTAGET206PHOTO | $ | 34,591 | $ | 53,183 | 4/9/2021 | |||||
#CROSBYTHECUPBASKET | $ | 139,083 | $ | 211,670 | 4/28/2021 | |||||
#CURRYBASKET | $ | - | $ | - | 10/5/2020 | |||||
#CURRYRPABGS9.5 | $ | - | $ | - | 5/12/2021 | |||||
#CassiusClaySonyListonUPIType1 | $ | 23,840 | $ | - | 4/21/2022 | |||||
#CharlesBarkleySunsJersey | $ | 139,796 | $ | - | 6/1/2022 | |||||
#ChicagoBullsDynastyHardwood | $ | 143,307 | $ | 365,390 | 11/3/2021 | |||||
#ChrisBoshGameWornRaptorsSneakers | $ | 4,669 | $ | 16,938 | 10/19/2021 | |||||
#Clemente65-68Bat | $ | 30,715 | $ | 30,715 | 8/13/2021 | |||||
#CristianoRonaldoRC1of1 | $ | 81,183 | $ | 254,375 | 11/8/2021 | |||||
#CrosbyWinterClassicSkates | $ | 12,916 | $ | - | 4/15/2022 | |||||
#CurryGoldToppsPSA10 | $ | 32,000 | $ | - | 8/23/2022 | |||||
#DIMAGGIO1933BAT | $ | 59,043 | $ | 96,420 | 6/17/2021 | |||||
#DONCICBLUEPSA10 | $ | 29,577 | $ | 61,920 | 3/22/2021 | |||||
#DURANTCHROMEREFRACTORPSA10 | $ | 10,644 | $ | 13,100 | 1/11/2021 | |||||
#DWADEULTIMATE | $ | 13,881 | $ | 43,055 | 4/2/2021 | |||||
#DaveBingSigned50GreatestNBAPlayersLithograph | $ | 40,280 | $ | - | 4/4/2022 | |||||
#DeversSuperfractor | $ | - | $ | - | 6/4/2021 | |||||
#DonovanMitchellNT9.5 | $ | 16,536 | $ | 30,183 | 7/20/2021 | |||||
#Durant07-08ExquisiteLimitedLogosBGS9.5 | $ | 221,825 | $ | - | 9/6/2022 | |||||
#ELWAY1984ROOKIECARDPSA10BASKET | $ | 14,648 | $ | 31,250 | 5/17/2021 | |||||
#EMMITTSMITH10KJERSEY | $ | 31,763 | $ | 59,340 | 2/22/2021 | |||||
#EMMITTSMITHMVPBASKET | $ | 52,711 | $ | 89,457 | 2/16/2021 | |||||
#EddiePlankT206PSA4 | $ | 241,001 | $ | 317,300 | 11/30/2021 | |||||
#EmbiidFirst50PointGameJersey | $ | 10,046 | $ | - | 4/27/2022 | |||||
#ErlingHaalandPSA10Basket | $ | 14,560 | $ | 14,560 | 9/27/2021 | |||||
#Eruzione1980MiracleOnIceGoldJersey | $ | 439,609 | $ | - | 8/30/2022 | |||||
#FRANKROBINSON1957PSA9BASKET | $ | (200 | ) | $ | 77,326 | 4/21/2021 | ||||
#FRANKROBINSON500HRBAT | $ | - | $ | - | 8/31/2021 | |||||
#GIANNISGOLDIMMACULATE | $ | 39,708 | $ | 50,035 | 3/15/2021 | |||||
#GIANNISRPA | $ | - | $ | 117,755 | 1/8/2021 | |||||
#GLEYBERTORRESORANGE9.5 | $ | 3,694 | $ | 20,229 | 3/25/2021 | |||||
#GRETZKYOPEECHEE1979 | $ | 69,400 | $ | 69,400 | 4/8/2021 | |||||
#GRIFFEY89UPPERDECKSGCGOLD | $ | 8,445 | $ | - | 4/7/2022 | |||||
#GaryCarter1975PSA10Basket | $ | 39,000 | $ | 39,000 | 5/18/2021 | |||||
#Giannis48PointGameSneakers | $ | 17,783 | $ | 25,150 | 11/1/2021 | |||||
#Gretzky1979Topps9 | $ | 57,345 | $ | - | 1/6/2022 | |||||
#Gretzky1981SportsIllustratedCoverCGC9.4 | $ | 35,600 | $ | - | 10/4/2022 | |||||
#HARMONKILLEBREW1955TOPPSPSA9 | $ | 23,927 | $ | - | 1/4/2022 | |||||
#HamiltonChromeOrangeSapphire | $ | 13,386 | $ | - | 6/23/2022 | |||||
#HonusWagner1910PSA5 | $ | 100,680 | $ | - | 4/7/2022 | |||||
#JACKIEROBINSONAUTOBAT | $ | 69,252 | $ | 81,899 | 12/21/2020 |
F-306
#JETERFOILRCBASKETBGS9.5 | $ | 21,734 | $ | 72,220 | 5/17/2021 | |||||
#JORDAN85NIKEBASKET | $ | - | $ | - | 2/16/2021 | |||||
#JORDANEXQUISITEBGS8 | $ | 28,586 | $ | 80,135 | 6/1/2021 | |||||
#JORDANPSA10 | $ | 100,163 | $ | 100,163 | 11/5/2020 | |||||
#JORDANROOKIEJERSEY | $ | 244,645 | $ | 244,645 | 3/1/2021 | |||||
#JORDANSIGNEDPROFESSIONALBAT | $ | 8,714 | $ | 41,551 | 5/19/2021 | |||||
#JackieLeaf3.5 | $ | 21,956 | $ | 41,280 | 10/25/2021 | |||||
#JackieRobinson1952ToppsPSA8.5 | $ | 575,225 | $ | 575,225 | 11/3/2021 | |||||
#JackieRobinson53Topps8 | $ | 54,945 | $ | 57,945 | 9/23/2021 | |||||
#JimmieFoxx1938Bat | $ | 74,874 | $ | 97,610 | 9/23/2021 | |||||
#JokicRefractor1of1 | $ | 17,828 | $ | 22,935 | 6/18/2021 | |||||
#Jordan86FleerBGS9.5Basket | $ | 67,892 | $ | - | 1/6/2022 | |||||
#JordanExquisite8.5Flashback | $ | 95,297 | $ | - | 4/6/2022 | |||||
#JordanFleer86SGC10 | $ | 83,150 | $ | - | 4/6/2022 | |||||
#JordanLeBronMagicTripleSigs | $ | 29,820 | $ | 85,702 | 8/5/2021 | |||||
#JordanLeBronSignoftheTimes | $ | 76,098 | $ | 169,950 | 6/14/2021 | |||||
#JordanMagicLeBronTripleAutoJersey | $ | - | $ | 130,970 | 8/11/2021 | |||||
#JoshAllenGoldBGS9.5 | $ | 30,200 | $ | 30,200 | 5/6/2021 | |||||
#JustinHerbertHiddenTreasureRPA | $ | 32,723 | $ | 63,835 | 9/27/2021 | |||||
#KAWHIBASKET | $ | 16,411 | $ | 58,439 | 1/8/2021 | |||||
#KOBEREEBOKIVERSONRETROS | $ | 26,854 | $ | 90,980 | 7/7/2021 | |||||
#KOUFAX1955PSA8.5 | $ | - | $ | - | 2/16/2021 | |||||
#KOUFAX55PSA9 | $ | 392,100 | $ | 496,600 | 5/26/2021 | |||||
#KareemPointsRecordBall | $ | 128,040 | $ | - | 2/3/2022 | |||||
#KevinDurantHSJersey | $ | 117,813 | $ | 226,115 | 9/23/2021 | |||||
#Kobe1997AirBallGameUsedShoes | $ | 131,900 | $ | - | 4/16/2022 | |||||
#KobeBlackHistoryMonthFinalSeasonShoes | $ | 48,154 | $ | - | 4/25/2022 | |||||
#KobeBryant2001WarmUpJacket | $ | 73,454 | $ | - | 1/28/2022 | |||||
#KobeBryantFirstWhite#24Jersey | $ | 324,874 | $ | 710,150 | 9/30/2021 | |||||
#KobeBryantRookieSneakers | $ | - | $ | 136,995 | 10/1/2021 | |||||
#KobeBryantRoyalBlueJordanSneakers | $ | 39,448 | $ | 92,016 | 9/30/2021 | |||||
#KobeFinalSeasonSneakers | $ | 20,787 | $ | 63,790 | 9/23/2021 | |||||
#KobeLeBronJordanMagicQuadAuto | $ | 40,469 | $ | - | 2/28/2022 | |||||
#KoufaxPSA8 | $ | 26,955 | $ | - | 4/6/2022 | |||||
#LBJExquisite | $ | 790,167 | $ | 1,387,325 | 10/28/2021 | |||||
#LBJKobeToppsBasket | $ | 9,335 | $ | - | 2/14/2022 | |||||
#LEBRONBLACKREFRACTOR | $ | 79,994 | $ | 134,860 | 1/28/2021 | |||||
#LEBRONEMBLEMSOFENDORSEMENT | $ | 61,068 | $ | 218,950 | 4/23/2021 | |||||
#LEBRONMELOWADETRIORC | $ | 90,759 | $ | 378,236 | 4/15/2021 | |||||
#LEBRONROOKIE | $ | - | $ | 48,577 | 10/5/2020 | |||||
#LEBRONULTIMATE | $ | 66,010 | $ | 184,835 | 5/26/2021 | |||||
#LUKADONCICGUROOKIESNEAKERS | $ | - | $ | - | 3/22/2022 | |||||
#LeBronBlackDiamond | $ | 32,380 | $ | 78,750 | 9/30/2021 | |||||
#LeBronCredentials | $ | 44,762 | $ | - | 4/6/2022 | |||||
#LeBronMeloBosh2008TripleLogoMan | $ | 77,570 | $ | 309,750 | 11/1/2021 | |||||
#LeBronMeloDualLogoman | $ | 383,792 | $ | 1,109,350 | 7/8/2021 | |||||
#LeBronRookieShoes | $ | 356,284 | $ | - | 4/7/2022 | |||||
#LouGehrigRCPhoto | $ | 47,422 | $ | - | 2/7/2022 | |||||
#LukaRookieJersey | $ | 360,272 | $ | 521,440 | 7/13/2021 | |||||
#LukaWhiteSparkle | $ | 280,516 | $ | 720,345 | 7/23/2021 | |||||
#MAGICBIRDDRJ | $ | - | $ | - | 1/31/2021 | |||||
#MAGICBIRDDRJPSA8BASKET | $ | 6,794 | $ | 27,069 | 4/1/2021 |
F-307
#MAGICBIRDLOGOMAN | $ | 222,042 | $ | 511,680 | 6/4/2021 | |||||
#MAHOMESEMERALDRPABGS9 | $ | - | $ | 81,105 | 1/25/2021 | |||||
#MAHOMESROOKIE | $ | - | $ | - | 11/16/2020 | |||||
#MANTLE1952BOWMANPSA8 | $ | 15,600 | $ | 15,600 | 1/12/2021 | |||||
#MANTLE1952TOPPSPSA8 | $ | 497,330 | $ | 497,330 | 3/9/2021 | |||||
#MANTLE1956PSA8BASKET | $ | 28,595 | $ | 28,595 | 4/26/2021 | |||||
#MANTLE1960PSA9 | $ | 41,190 | $ | 41,190 | 6/25/2021 | |||||
#MANTLE52TOPPSPSA7 | $ | 316,000 | $ | - | 4/2/2022 | |||||
#MANTLE54BOWMANBASKET | $ | 29,807 | $ | 52,170 | 6/3/2021 | |||||
#MANTLEMINT1953 | $ | - | $ | - | 10/5/2020 | |||||
#MARINO1984ROOKIECARDBGS10BASKET | $ | 10,286 | $ | - | 3/3/2022 | |||||
#MARINOMANNINGFAVREJERSEYS | $ | 36,429 | $ | 47,620 | 5/7/2021 | |||||
#MAYS1951BOWMAN7 | $ | 70,153 | $ | 103,990 | 5/26/2021 | |||||
#MAYS1951PHOTO | $ | - | $ | - | 4/1/2021 | |||||
#MAYS1952PSA8 | $ | 224,985 | $ | 306,790 | 6/25/2021 | |||||
#MAYS1959PSA9BASKET | $ | 24,394 | $ | 24,394 | 5/6/2021 | |||||
#MAYS1960PSA9 | $ | 16,609 | $ | 17,535 | 4/12/2021 | |||||
#MAYWEATHERRCPSA10 | $ | 9,457 | $ | 25,748 | 10/20/2021 | |||||
#MESSIROOKIEBASKET | $ | 27,726 | $ | 75,634 | 4/30/2021 | |||||
#MIKANRCPHOTO | $ | - | $ | 56,415 | 5/26/2021 | |||||
#MLBAllStarGameTicketRunCollection | $ | 22,269 | $ | - | 3/30/2022 | |||||
#MLBHALLOFFAMEBASEBALL | $ | 235,219 | $ | 307,360 | 5/18/2021 | |||||
#MONTANARCPSA10 | $ | 50,199 | $ | 67,320 | 4/21/2021 | |||||
#MOOKIEBETTSGLOVE | $ | 17,750 | $ | 62,058 | 3/17/2021 | |||||
#MPJChampionshipTicket | $ | 2,864 | $ | 30,415 | 7/9/2021 | |||||
#MagicBirdDrJ1980PSA9 | $ | 15,543 | $ | - | 4/7/2022 | |||||
#MahomesBronzeBasket | $ | 98,417 | $ | 114,025 | 11/30/2021 | |||||
#MahomesImmaculate1of1 | $ | 113,936 | $ | 225,990 | 6/1/2021 | |||||
#MahomesNT1of1 | $ | 618,966 | $ | 1,662,945 | 11/16/2021 | |||||
#MahomesNT8.5 | $ | 57,779 | $ | 132,213 | 6/4/2021 | |||||
#Mantle1953Bowman8Basket | $ | 29,932 | $ | 51,984 | 11/18/2021 | |||||
#Mantle1953Topps8 | $ | 100,771 | $ | 102,505 | 9/7/2021 | |||||
#Mantle1957ToppsPSA8.5 | $ | 44,445 | $ | 62,616 | 10/25/2021 | |||||
#Mantle1964Topps9 | $ | 46,882 | $ | 50,115 | 9/30/2021 | |||||
#Mantle1965Topps9 | $ | 38,700 | $ | - | 4/11/2022 | |||||
#Mantle1966ToppsPSA9Basket | $ | 42,225 | $ | 44,620 | 11/1/2021 | |||||
#Mantle1967Topps9 | $ | 15,610 | $ | - | 4/6/2022 | |||||
#Mantle1968PSA9Basket | $ | 18,980 | $ | 36,974 | 5/17/2021 | |||||
#Mantle1969Topps9 | $ | 32,340 | $ | - | 4/27/2022 | |||||
#Mantle51BowmanSGC7 | $ | 63,718 | $ | - | 8/3/2022 | |||||
#MantleDebutStub | $ | 31,514 | $ | - | 4/26/2022 | |||||
#Maris58ToppsPSA9 | $ | 21,348 | $ | 28,245 | 9/30/2021 | |||||
#Mays1956GrayPSA9 | $ | 36,163 | $ | 57,920 | 5/27/2021 | |||||
#MessiMegacracks#71PSA9 | $ | 33,939 | $ | 115,000 | 6/8/2021 | |||||
#MichaelPorterJrBasket | $ | 10,502 | $ | 31,065 | 11/30/2021 | |||||
#Mikan48BowmanPSA7 | $ | 26,594 | $ | 41,549 | 9/23/2021 | |||||
#NTBBallWaxBundle | $ | 62,925 | $ | - | 3/5/2022 | |||||
#NadalNetProGlossy | $ | 29,612 | $ | - | 4/25/2022 | |||||
#NegroLeagueLegendaryCutsBasket | $ | 32,198 | $ | 91,805 | 11/1/2021 | |||||
#NolanRyan1968MiltonBradleyPSA9 | $ | 126,190 | $ | - | 4/11/2022 | |||||
#NolanRyan1968ToppsPSA8.5 | $ | 23,789 | $ | - | 8/30/2022 | |||||
#OVECHKINTHECUPBGS8.5 | $ | - | $ | - | 4/29/2021 |
F-308
#OZZIESMITHRCBGS9.5 | $ | 20,701 | $ | 74,710 | 6/8/2021 | |||||
#OrangeDominguez | $ | 16,800 | $ | 35,366 | 10/26/2021 | |||||
#OscarRobertsonCincinnatiRoyalsJersey | $ | - | $ | - | 3/8/2022 | |||||
#OttoGraham1950BowmanPSA9 | $ | - | $ | - | 2/18/2022 | |||||
#OvechkinSPAuthBasket9.5 | $ | 24,619 | $ | - | 4/6/2022 | |||||
#OvechkinTheCupBGSGemMint9.5 | $ | 321,901 | $ | - | 7/6/2022 | |||||
#PaulMolitor1978ToppsPSA10 | $ | 34,037 | $ | - | 4/11/2022 | |||||
#PaulPierce2010ASGJersey | $ | 4,089 | $ | 30,425 | 10/19/2021 | |||||
#Pele1958AmericanaPSA3 | $ | 76,224 | $ | - | 5/19/2022 | |||||
#PeytonManningMVPHelmet | $ | 170,290 | $ | 189,065 | 10/1/2021 | |||||
#RICKEYHENDERSONRCPSA10 | $ | 93,535 | $ | 152,200 | 6/10/2021 | |||||
#RODGERSPLAYOFFCONTENDERSGREEN | $ | - | $ | - | 5/3/2021 | |||||
#RONALDO2002PANINIFUTEBOLSTICKERSPSA10 | $ | 64,686 | $ | - | 4/18/2022 | |||||
#RONALDO2003PANINIMEGACRAQUESPSA10 | $ | 153,740 | $ | - | 2/16/2022 | |||||
#RUTHGEHRIGBALL | $ | 71,752 | $ | 71,752 | 11/24/2020 | |||||
#RipkenRookieJersey&CardBasket | $ | 122,973 | $ | - | 5/2/2022 | |||||
#RoyCampanella1949BowmanPSA9 | $ | 38,500 | $ | - | 3/31/2022 | |||||
#Ruth1914BaltimoreNewsSGC3 | $ | 64,359 | $ | 64,359 | 9/23/2021 | |||||
#Ruth33GoudeySGC8 | $ | 140,860 | $ | 140,860 | 5/27/2021 | |||||
#SadaharuOhBat | $ | 19,032 | $ | 24,813 | 8/12/2021 | |||||
#SandyKoufax1956ToppsGrayBackPSA9 | $ | 30,878 | $ | - | 2/14/2022 | |||||
#SatchelPaige48LeafSGC30 | $ | 23,805 | $ | 35,993 | 9/7/2021 | |||||
#SeagerOrangeRefractorBasket | $ | - | $ | 15,740 | 4/15/2021 | |||||
#Serena03NetProPSA10Basket | $ | 17,783 | $ | 17,783 | 8/12/2021 | |||||
#ShoelessJoeJackson1915PSA8 | $ | 44,657 | $ | - | 1/6/2022 | |||||
#StephCurrySneakers | $ | - | $ | - | 11/29/2021 | |||||
#TATISBOWMANBLACKLABEL | $ | 44,879 | $ | 199,215 | 5/20/2021 | |||||
#TATUMFLAWLESS10 | $ | - | $ | 46,510 | 3/30/2021 | |||||
#TEDWILLIAMS1939PLAYBALL | $ | 32,880 | $ | 32,880 | 3/30/2021 | |||||
#TIGERPUTTER | $ | 214,643 | $ | 209,513 | 2/17/2021 | |||||
#TIGERSIFORKIDS | $ | 23,785 | $ | 23,785 | 3/22/2021 | |||||
#TIGERSPAUTHENTICBGS9.5 | $ | 14,626 | $ | 35,815 | 5/13/2021 | |||||
#TRAEYOUNGFLAWLESSBGS9 | $ | 6,537 | $ | 14,790 | 4/1/2021 | |||||
#TYSONRCBGS9BASKET | $ | 17,592 | $ | 70,900 | 5/26/2021 | |||||
#TatumFlawlessGoldBGS9.5 | $ | 42,000 | $ | - | 10/4/2022 | |||||
#TheRockBumbleBeePSA10 | $ | 20,485 | $ | 47,150 | 8/10/2021 | |||||
#Tiger1stEventStub | $ | 28,188 | $ | - | 6/1/2022 | |||||
#TigerWoodsDebutTicket | $ | 37,867 | $ | - | 5/12/2022 | |||||
#TimDuncanPMGGreen | $ | 226,570 | $ | 226,570 | 9/23/2021 | |||||
#TraeYoungFlawlessGreenBGS9 | $ | 15,875 | $ | 24,840 | 7/8/2021 | |||||
#TrevorLawrenceLeafBasket | $ | 4,579 | $ | 11,300 | 9/27/2021 | |||||
#TroutFinestSuperfractor | $ | 114,628 | $ | 281,400 | 10/25/2021 | |||||
#UNITAS1965JERSEY | $ | 165,900 | $ | 165,900 | 3/9/2021 | |||||
#UnitasPSA8 | $ | 12,595 | $ | 21,200 | 9/23/2021 | |||||
#WILTCHAMBERLAIN61PSA9 | $ | - | $ | - | 4/12/2021 | |||||
#WarrenSpahn1948LeafPSA9 | $ | 51,436 | $ | - | 3/22/2022 | |||||
#WiltChamberlain1961FleerRCPSA9 | $ | 289,383 | $ | - | 4/1/2022 | |||||
#YASTRZEMSKIRC9BASKET | $ | - | $ | 40,922 | 5/17/2021 | |||||
#YaoDuncanDirkTripleLogoman | $ | 49,163 | $ | - | 4/26/2022 | |||||
#ZIONRPABGS9 | $ | 52,430 | $ | 110,076 | 2/16/2021 | |||||
#ZionPrizmsBlueBGS10 | $ | 11,242 | $ | 31,560 | 8/17/2021 | |||||
TOTAL | $ | 20,536,241 | $ | 25,389,095 |
F-309
Operating Expenses
After the closing of an offering of Interests, each Series is responsible for its own operating expenses, including all fees, costs and expenses incurred in connection with the management of the Collectable Assets. This includes transportation, import taxes, income taxes, storage (including property rental fees should the Manager decide to rent a property to store a number of Collectable Assets), security, valuation, custodial, marketing and utilization of the Collectable Assets; any fees, costs and expenses incurred in connection with preparing any reports and accounts of each Series, including any blue sky filings required in order for a Series to be made available to investors in certain states, any annual audit of the accounts of such Series (if applicable) and any reports to be filed with the Securities and Exchange Commission; any and all insurance premiums or expenses, including directors and officers insurance of the directors and officers of the Manager, in connection with the Collectable Assets; any withholding or transfer taxes imposed on the Company, a Series or any interest holders as a result of its or their earnings, investments or withdrawals; any governmental fees imposed on the capital of the Company or a Series or incurred in connection with compliance with applicable regulatory requirements; any legal fees and costs (including settlement costs) arising in connection with any litigation or regulatory investigation instituted against the Company, a Series or the Manager in connection with the affairs of the Company or a Series; the fees and expenses of any administrator, if any, engaged to provide administrative services to the Company or a Series; all custodial fees, costs and expenses in connection with the holding of an Collectable Asset; any fees, costs and expenses of a third-party registrar and transfer agent appointed by the Manager in connection with a Series; the cost of the audit of the annual consolidated financial statements of the Company or a Series and the preparation of tax returns and circulation of reports to interest holders; any indemnification payments; the fees and expenses of counsel to the Company or a Series in connection with advice directly relating to its legal Affairs, the costs of any other outside appraisers, valuation firms, accountants, attorneys or other experts or consultants engaged by the Manager in connection with the operations of the Company or a Series; and any similar expenses that may be determined to be operating expenses, as determined by the Manager in its reasonable discretion.
Prior to the closing, operating expenses are borne by the Manager and not reimbursed by the Series. The Manager will bear its own expenses of an ordinary nature, including all costs and expenses on account of rent (other than for storage of the Collectable Assets), supplies, secretarial expenses, stationery, charges for furniture, fixtures and equipment, payroll taxes, remuneration and expenses paid to employees and utilities expenditures (excluding utilities expenditures in connection with the storage of the Collectable Assets).
If the Operating Expenses for a particular Series exceed the amount of revenues generated from the Underlying Asset of such Series and cannot be covered by any Operating Expense reserves on the balance sheet of the Series, the Manager may (a) pay such Operating Expenses and not seek reimbursement, (b) loan the amount of the Operating Expenses to the Series, on which the Manager may impose a reasonable rate of interest, and be entitled to reimbursement of such amount from future gains generated by the Underlying Asset related to such Series, and, or (c) cause additional Interests to be issued in the Series in order to cover such additional amounts.
Earnings per membership interest (“EPMI”): Upon completion of an offering, each Series intends to comply with the accounting and disclosure requirements of ASC Topic 260, “Earnings per Share.” For each Series, earnings (loss) / income per membership interest (“EPMI”) will be computed by dividing net (loss) / income for a particular Series by the weighted average number of outstanding membership Interests in that particular Series during the period.
Sourcing Fee: The Asset Manager will be paid a fee as compensation for sourcing each Collectable Asset in an amount up to 16% of the gross offering proceeds of each offering provided that such sourcing fee may be waived by the Asset Manager.
Brokerage Fee: The broker of record for each offering is expected to receive a brokerage fee equal to 1% of the amount raised from investors through each offering. Brokerage costs are capitalized in the carrying cost of each offering.
Organizational Costs: Organizational costs, including accounting fees, legal fees and costs of incorporation, are capitalized in the carrying cost of each offering. Fee may be waived by the Asset Manager.
Ongoing Expenses: Each Series is responsible for its ongoing carrying expenses as detailed in the Offering Circular. The Manager has begun to seek reimbursement from the Series when that Series is sold from the platform.
F-310
Asset Management Fee: As consideration for managing each Underlying Asset, the Manager may be paid an annual Management Fee pursuant to the Asset Management Agreement. On applicable offerings, the Manager will assess a Management Fee of not more than 2% of the Carrying Value of the Collectable Asset. The Carrying Value is calculated monthly based upon the Series’ VWAP value over the preceding month. This only applies to months where the Series was trading for the entirety of the month.
FASB ASC 360 provides guidance on financial reporting for long-lived assets “held for sale” in the capitalization of costs.
FASB ASC 820 provides guidance on fair value measurements, and provides support for the use of VWAP as a price benchmark to determine impairment.
Impaired Assets: In accordance with U.S. GAAP all Series were assessed for impairment at December 31, 2022 and also assessed at December 31, 2021 and losses recognized and recorded.
The Manager annually evaluates each asset’s carrying value compared to the current market value of the asset to determine if an adjustment is needed to be recorded, in accordance with the accounting principles generally accepted in the United States of America. For 2022, to measure the value of the assets and test for impairment the Company used the market capitalization based on the VWAP as of December 31, 2022, which it feels more accurately represents the Asset’s public value. For 2021, to measure the value of assets and test for impairment the Company used the market capitalization of the Asset based on the average of the market closing price for the last five Fridays of the year.
The following table sets forth Series which met the criteria for impairment and have recorded an Impairment loss totalling $13,001,234 during 2022 and $190,891 during 2021.
2021 | 2022 | |||||||||||||||||||||||||
Series Name | Escrow Closing Date | Beginning of Year Cost Basis | Impairment Recognized | End of Year Cost Basis | Beginning of Year Cost Basis | Impairment Recognized | End of Year Cost Basis | |||||||||||||||||||
#JACKIEROBINSONAUTOBAT | 21-Dec-20 | 81,899 | (12,646 | ) | 69,252 | |||||||||||||||||||||
#KAWHIBASKET | 08-Jan-21 | 69,570 | (11,131 | ) | 58,439 | 58,439 | (42,028 | ) | 16,411 | |||||||||||||||||
#DURANTCHROMEREFRACTORPSA10 | 11-Jan-21 | 13,100 | (2,456 | ) | 10,644 | |||||||||||||||||||||
#18-19BASKETBALLGROWTHBASKET | 15-Jan-21 | 43,682 | (21,602 | ) | 22,081 | |||||||||||||||||||||
#LEBRONBLACKREFRACTOR | 28-Jan-21 | 134,860 | (54,866 | ) | 79,994 | |||||||||||||||||||||
#1986WAX | 16-Feb-21 | 192,200 | (11,389 | ) | 180,811 | |||||||||||||||||||||
#EMMITTSMITHMVPBASKET | 16-Feb-21 | 113,740 | (24,283 | ) | 89,457 | 89,457 | (36,746 | ) | 52,711 | |||||||||||||||||
#ZIONRPABGS9 | 16-Feb-21 | 131,670 | (21,594 | ) | 110,076 | 110,076 | (57,646 | ) | 52,430 | |||||||||||||||||
#COBBMINTE98 | 22-Feb-21 | 300,063 | (48,069 | ) | 251,993 | |||||||||||||||||||||
#EMMITTSMITH10KJERSEY | 22-Feb-21 | 59,340 | (27,578 | ) | 31,763 | |||||||||||||||||||||
#GIANNISGOLDIMMACULATE | 15-Mar-21 | 50,035 | (10,327 | ) | 39,708 | |||||||||||||||||||||
#MOOKIEBETTSGLOVE | 17-Mar-21 | 62,058 | (44,308 | ) | 17,750 | |||||||||||||||||||||
#DONCICBLUEPSA10 | 22-Mar-21 | 61,920 | (32,343 | ) | 29,577 | |||||||||||||||||||||
#GLEYBERTORRESORANGE9.5 | 25-Mar-21 | 20,898 | (669 | ) | 20,229 | 20,229 | (16,535 | ) | 3,694 | |||||||||||||||||
#MAGICBIRDDRJPSA8BASKET | 01-Apr-21 | 27,069 | (20,275 | ) | 6,794 | |||||||||||||||||||||
#TRAEYOUNGFLAWLESSBGS9 | 01-Apr-21 | 14,790 | (8,253 | ) | 6,537 | |||||||||||||||||||||
#DWADEULTIMATE | 02-Apr-21 | 43,055 | (29,174 | ) | 13,881 | |||||||||||||||||||||
#ACUNAGOLD9.5 | 08-Apr-21 | 26,440 | (9,296 | ) | 17,144 | |||||||||||||||||||||
#COBBVINTAGET206PHOTO | 09-Apr-21 | 53,183 | (18,592 | ) | 34,591 | |||||||||||||||||||||
#MAYS1960PSA9 | 12-Apr-21 | 17,535 | (926 | ) | 16,609 | |||||||||||||||||||||
#BettsBlueRefractorBasket | 15-Apr-21 | 32,735 | (25,397 | ) | 7,338 | |||||||||||||||||||||
#LEBRONMELOWADETRIORC | 15-Apr-21 | 378,236 | (287,477 | ) | 90,759 |
F-311
#1969TOPPSBASKETBALLSET | 16-Apr-21 | 151,455 | (48,166 | ) | 103,289 | |||||||||||||||||||||
#MONTANARCPSA10 | 21-Apr-21 | 67,320 | (17,121 | ) | 50,199 | |||||||||||||||||||||
#LEBRONEMBLEMSOFENDORSEMENT | 23-Apr-21 | 218,950 | (157,882 | ) | 61,068 | |||||||||||||||||||||
#CROSBYTHECUPBASKET | 28-Apr-21 | 211,670 | (72,587 | ) | 139,083 | |||||||||||||||||||||
#MESSIROOKIEBASKET | 30-Apr-21 | 93,375 | (17,741 | ) | 75,634 | 75,634 | (47,908 | ) | 27,726 | |||||||||||||||||
#ANDRETHEGIANT | 06-May-21 | 26,870 | (16,097 | ) | 10,774 | |||||||||||||||||||||
#MARINOMANNINGFAVREJERSEYS | 07-May-21 | 47,620 | (11,191 | ) | 36,429 | |||||||||||||||||||||
#TIGERSPAUTHENTICBGS9.5 | 13-May-21 | 35,815 | (21,189 | ) | 14,626 | |||||||||||||||||||||
#ELWAY1984ROOKIECARDPSA10BASKET | 17-May-21 | 31,250 | (16,602 | ) | 14,648 | |||||||||||||||||||||
#JETERFOILRCBASKETBGS9.5 | 17-May-21 | 102,198 | (29,978 | ) | 72,220 | 72,220 | (50,486 | ) | 21,734 | |||||||||||||||||
#Mantle1968PSA9Basket | 17-May-21 | 36,974 | (17,994 | ) | 18,980 | |||||||||||||||||||||
#ANDRE&HULKWRESTLINGBASKET | 18-May-21 | 126,440 | (80,368 | ) | 46,072 | |||||||||||||||||||||
#MLBHALLOFFAMEBASEBALL | 18-May-21 | 307,360 | (72,141 | ) | 235,219 | |||||||||||||||||||||
#JORDANSIGNEDPROFESSIONALBAT | 19-May-21 | 51,823 | (10,271 | ) | 41,552 | 41,552 | (32,838 | ) | 8,714 | |||||||||||||||||
#TATISBOWMANBLACKLABEL | 20-May-21 | 221,350 | (22,135 | ) | 199,215 | 199,215 | (154,336 | ) | 44,879 | |||||||||||||||||
#CLEMENTEWHITE&GRAYBASKET | 24-May-21 | 113,598 | (20,448 | ) | 93,150 | 93,150 | (31,093 | ) | 62,056 | |||||||||||||||||
#BETTSGOLDREFRACTORBASKET | 26-May-21 | 62,948 | (11,235 | ) | 51,713 | |||||||||||||||||||||
#KOUFAX55PSA9 | 26-May-21 | 496,600 | (104,500 | ) | 392,100 | |||||||||||||||||||||
#LEBRONULTIMATE | 26-May-21 | 184,835 | (118,825 | ) | 66,010 | |||||||||||||||||||||
#MAYS1951BOWMAN7 | 26-May-21 | 103,990 | (33,837 | ) | 70,153 | |||||||||||||||||||||
#TysonRCBGS9Basket | 26-May-21 | 58,900 | (41,308 | ) | 17,592 | |||||||||||||||||||||
#Mays1956GrayPSA9 | 27-May-21 | 57,920 | (21,757 | ) | 36,163 | |||||||||||||||||||||
#JORDANEXQUISITEBGS8 | 01-Jun-21 | 80,135 | (51,549 | ) | 28,586 | |||||||||||||||||||||
#MahomesImmaculate1of1 | 01-Jun-21 | 225,990 | (112,054 | ) | 113,936 | |||||||||||||||||||||
#Mantle54BowmanBasket | 03-Jun-21 | 52,170 | (22,363 | ) | 29,807 | |||||||||||||||||||||
#1964KOUFAXJERSEY | 04-Jun-21 | 437,465 | (25,899 | ) | 411,566 | |||||||||||||||||||||
#MAGICBIRDLOGOMAN | 04-Jun-21 | 511,680 | (289,638 | ) | 222,042 | |||||||||||||||||||||
#MahomesNT8.5 | 04-Jun-21 | 164,854 | (32,641 | ) | 132,213 | 132,218 | (74,439 | ) | 57,778 | |||||||||||||||||
#Clemente1955PSA8 | 08-Jun-21 | 84,000 | (363 | ) | 83,637 | |||||||||||||||||||||
#MessiMegacracks#71PSA9 | 08-Jun-21 | 90,000 | (56,061 | ) | 33,939 | |||||||||||||||||||||
#OZZIESMITHRCBGS9.5 | 08-Jun-21 | 74,710 | (54,009 | ) | 20,701 | |||||||||||||||||||||
#RICKEYHENDERSONRCPSA10 | 10-Jun-21 | 152,200 | (58,665 | ) | 93,535 | |||||||||||||||||||||
#JordanLeBronSignoftheTimes | 14-Jun-21 | 169,950 | (93,852 | ) | 76,098 | |||||||||||||||||||||
#DIMAGGIO1933BAT | 17-Jun-21 | 96,420 | (37,377 | ) | 59,043 | |||||||||||||||||||||
#JokicRefractor1of1 | 18-Jun-21 | 22,935 | (5,107 | ) | 17,828 | |||||||||||||||||||||
#MAYS1952PSA8 | 25-Jun-21 | 251,790 | (26,805 | ) | 224,985 | |||||||||||||||||||||
#KOBEREEBOKIVERSONRETROS | 07-Jul-21 | 90,980 | (64,126 | ) | 26,854 | |||||||||||||||||||||
#LeBronMeloDualLogoman | 08-Jul-21 | 1,109,350 | (725,558 | ) | 383,792 | |||||||||||||||||||||
#TraeYoungFlawlessGreenBGS9 | 08-Jul-21 | 24,840 | (8,965 | ) | 15,875 | |||||||||||||||||||||
#MPJChampionshipTicket | 09-Jul-21 | 30,415 | (27,551 | ) | 2,864 | |||||||||||||||||||||
#LukaRookieJersey | 13-Jul-21 | 521,440 | (161,168 | ) | 360,272 | |||||||||||||||||||||
#DonovanMitchellNT9.5 | 20-Jul-21 | 30,183 | (13,646 | ) | 16,536 | |||||||||||||||||||||
#LukaWhiteSparkle | 23-Jul-21 | 720,345 | (439,829 | ) | 280,516 | |||||||||||||||||||||
#JordanLeBronMagicTripleSigs | 05-Aug-21 | 85,702 | (55,882 | ) | 29,820 | |||||||||||||||||||||
#AcunaBowman10Basket | 09-Aug-21 | 102,515 | (60,769 | ) | 41,746 | |||||||||||||||||||||
#AliRookieCardBVG8 | 10-Aug-21 | 60,700 | (43,733 | ) | 16,967 | |||||||||||||||||||||
#TheRockBumbleBeePSA10 | 10-Aug-21 | 47,150 | (26,665 | ) | 20,485 |
F-312
#03ToppsChromeWax | 12-Aug-21 | 24,350 | (8,501 | ) | 15,849 | |||||||||||||||||||||
#BradyBowman10 | 12-Aug-21 | 31,400 | (15,061 | ) | 16,339 | |||||||||||||||||||||
#SadaharuOhBat | 12-Aug-21 | 24,813 | (5,780 | ) | 19,032 | |||||||||||||||||||||
#ZionPrizmsBlueBGS10 | 17-Aug-21 | 31,560 | (20,318 | ) | 11,242 | |||||||||||||||||||||
#03ExquisiteBox | 23-Aug-21 | 83,723 | (22,916 | ) | 60,807 | |||||||||||||||||||||
#1909E95SGCSet | 07-Sep-21 | 35,998 | (12,351 | ) | 23,647 | |||||||||||||||||||||
#Mantle1953Topps8 | 07-Sep-21 | 102,505 | (1,734 | ) | 100,771 | |||||||||||||||||||||
#SatchelPaige48LeafSGC30 | 07-Sep-21 | 35,998 | (12,193 | ) | 23,805 | |||||||||||||||||||||
#JackieRobinson53Topps8 | 23-Sep-21 | 57,945 | (3,000 | ) | 54,945 | |||||||||||||||||||||
#JimmieFoxx1938Bat | 23-Sep-21 | 97,610 | (22,736 | ) | 74,874 | |||||||||||||||||||||
#KevinDurantHSJersey | 23-Sep-21 | 226,115 | (108,302 | ) | 117,813 | |||||||||||||||||||||
#KobeFinalSeasonSneakers | 23-Sep-21 | 63,790 | (43,003 | ) | 20,787 | |||||||||||||||||||||
#Mikan48BowmanPSA7 | 23-Sep-21 | 41,549 | (14,955 | ) | 26,594 | |||||||||||||||||||||
#UnitasPSA8 | 23-Sep-21 | 21,200 | (8,605 | ) | 12,595 | |||||||||||||||||||||
#JustinHerbertHiddenTreasureRPA | 27-Sep-21 | 63,835 | (31,112 | ) | 32,723 | |||||||||||||||||||||
#TrevorLawrenceLeafBasket | 27-Sep-21 | 11,300 | (6,721 | ) | 4,579 | |||||||||||||||||||||
#48LeafRuthSGC8 | 30-Sep-21 | 53,220 | (8,645 | ) | 44,575 | |||||||||||||||||||||
#KobeBryantFirstWhite#24Jersey | 30-Sep-21 | 710,150 | (385,276 | ) | 324,874 | |||||||||||||||||||||
#KobeBryantRoyalBlueJordanSneakers | 30-Sep-21 | 92,016 | (52,569 | ) | 39,448 | |||||||||||||||||||||
#LeBronBlackDiamond | 30-Sep-21 | 78,750 | (46,370 | ) | 32,380 | |||||||||||||||||||||
#MANTLE1964TOPPS9 | 30-Sep-21 | 50,115 | (3,232 | ) | 46,882 | |||||||||||||||||||||
#Maris58ToppsPSA9 | 30-Sep-21 | 28,245 | (6,896 | ) | 21,348 | |||||||||||||||||||||
#PeytonManningMVPHelmet | 01-Oct-21 | 189,065 | (18,775 | ) | 170,290 | |||||||||||||||||||||
#ChrisBoshGameWornRaptorsSneakers | 19-Oct-21 | 16,938 | (12,269 | ) | 4,669 | |||||||||||||||||||||
#PaulPierce2010ASGJersey | 19-Oct-21 | 30,425 | (26,336 | ) | 4,089 | |||||||||||||||||||||
#MayweatherRCPSA10 | 20-Oct-21 | 25,748 | (16,290 | ) | 9,457 | |||||||||||||||||||||
#JackieLeaf3.5 | 25-Oct-21 | 41,280 | (19,324 | ) | 21,956 | |||||||||||||||||||||
#Mantle1957ToppsPSA8.5 | 25-Oct-21 | 57,216 | (12,771 | ) | 44,445 | |||||||||||||||||||||
#TROUTFINESTSUPERFRACTOR | 25-Oct-21 | 281,400 | (166,772 | ) | 114,628 | |||||||||||||||||||||
#OrangeDominguez | 26-Oct-21 | 35,366 | (18,566 | ) | 16,800 | |||||||||||||||||||||
#LBJEXQUISITE | 28-Oct-21 | 1,387,325 | (597,158 | ) | 790,167 | |||||||||||||||||||||
#Giannis48PointGameSneakers | 01-Nov-21 | 25,150 | (7,367 | ) | 17,783 | |||||||||||||||||||||
#LeBronMeloBosh2008TripleLogoMan | 01-Nov-21 | 309,750 | (232,180 | ) | 77,570 | |||||||||||||||||||||
#Mantle1966ToppsPSA9Basket | 01-Nov-21 | 44,620 | (2,395 | ) | 42,225 | |||||||||||||||||||||
#NegroLeagueLegendaryCutsBasket | 01-Nov-21 | 91,805 | (59,607 | ) | 32,198 | |||||||||||||||||||||
#ChicagoBullsDynastyHardwood | 03-Nov-21 | 365,390 | (222,083 | ) | 143,307 | |||||||||||||||||||||
#CristianoRonaldoRC1of1 | 08-Nov-21 | 254,375 | (173,192 | ) | 81,183 | |||||||||||||||||||||
#MahomesNT1of1 | 16-Nov-21 | 1,662,945 | (1,043,979 | ) | 618,966 | |||||||||||||||||||||
#Mantle1953Bowman8Basket | 18-Nov-21 | 51,984 | (22,052 | ) | 29,932 | |||||||||||||||||||||
#BradyChampionshipTicket | 23-Nov-21 | 2,312,000 | (1,442,831 | ) | 869,169 | |||||||||||||||||||||
#EddiePlankT206PSA4 | 30-Nov-21 | 317,300 | (76,299 | ) | 241,001 | |||||||||||||||||||||
#MahomesBronzeBasket | 30-Nov-21 | 114,025 | (15,608 | ) | 98,417 | |||||||||||||||||||||
#MichaelPorterJrBasket | 30-Nov-21 | 31,065 | (20,563 | ) | 10,502 | |||||||||||||||||||||
#ALKALINE1954TOPPSPSA9 | 04-Jan-22 | 41,538 | (19,691 | ) | 21,847 | |||||||||||||||||||||
#HARMONKILLEBREW1955TOPPSPSA9 | 04-Jan-22 | 42,668 | (18,741 | ) | 23,927 | |||||||||||||||||||||
#1959TOPPSBASEBALLSET | 06-Jan-22 | 84,548 | (24,467 | ) | 60,080 | |||||||||||||||||||||
#AlexRodriguez09WSUniform | 06-Jan-22 | 148,505 | (87,643 | ) | 60,862 | |||||||||||||||||||||
#Gretzky1979Topps9 | 06-Jan-22 | 59,065 | (1,720 | ) | 57,345 |
F-313
#JORDAN86FLEERBGS9.5BASKET | 06-Jan-22 | 143,550 | (75,658 | ) | 67,892 | |||||||||||||||||||||
#ShoelessJoeJackson1915PSA8 | 06-Jan-22 | 98,723 | (54,066 | ) | 44,657 | |||||||||||||||||||||
#KobeBryant2001WarmUpJacket | 28-Jan-22 | 208,105 | (134,651 | ) | 73,454 | |||||||||||||||||||||
#KareemPointsRecordBall | 03-Feb-22 | 391,650 | (263,610 | ) | 128,040 | |||||||||||||||||||||
#LOUGEHRIGRCPHOTO | 07-Feb-22 | 53,247 | (5,825 | ) | 47,422 | |||||||||||||||||||||
#LBJKobeToppsBasket | 14-Feb-22 | 16,800 | (7,465 | ) | 9,335 | |||||||||||||||||||||
#SandyKoufax1956ToppsGrayBackPSA9 | 14-Feb-22 | 35,823 | (4,945 | ) | 30,878 | |||||||||||||||||||||
#RONALDO2003PANINIMEGACRAQUESPSA10 | 16-Feb-22 | 324,715 | (170,975 | ) | 153,740 | |||||||||||||||||||||
#BobbyOrrBruinsJersey | 28-Feb-22 | 428,140 | (124,296 | ) | 303,844 | |||||||||||||||||||||
#KobeLeBronJordanMagicQuadAuto | 28-Feb-22 | 125,990 | (85,521 | ) | 40,469 | |||||||||||||||||||||
#MARINO1984ROOKIECARDBGS10BASKET | 03-Mar-22 | 19,580 | (9,294 | ) | 10,286 | |||||||||||||||||||||
#NTBBallWaxBundle | 05-Mar-22 | 141,525 | (78,600 | ) | 62,925 | |||||||||||||||||||||
#BRADY2000SPXSPECTRUMBGS9.5 | 09-Mar-22 | 562,710 | (280,354 | ) | 282,356 | |||||||||||||||||||||
#BRADYDEBUTTICKET | 09-Mar-22 | 114,768 | (49,530 | ) | 65,237 | |||||||||||||||||||||
#WarrenSpahn1948LeafPSA9 | 22-Mar-22 | 92,750 | (41,314 | ) | 51,436 | |||||||||||||||||||||
#MLBALLSTARGAMETICKETRUNCOLLECTION | 30-Mar-22 | 49,890 | (27,621 | ) | 22,269 | |||||||||||||||||||||
#RoyCampanella1949BowmanPSA9 | 31-Mar-22 | 61,600 | (23,100 | ) | 38,500 | |||||||||||||||||||||
#WILTCHAMBERLAIN1961FLEERRCPSA9 | 01-Apr-22 | 356,000 | (66,616 | ) | 289,383 | |||||||||||||||||||||
#DaveBingSigned50GreatestNBAPlayersLithograph | 04-Apr-22 | 105,325 | (65,045 | ) | 40,280 | |||||||||||||||||||||
#JordanExquisite8.5Flashback | 06-Apr-22 | 179,995 | (84,698 | ) | 95,297 | |||||||||||||||||||||
#JORDANFLEER86SGC10 | 06-Apr-22 | 199,495 | (116,345 | ) | 83,150 | |||||||||||||||||||||
#KOUFAXPSA8 | 06-Apr-22 | 43,360 | (16,405 | ) | 26,955 | |||||||||||||||||||||
#LEBRONCREDENTIALS | 06-Apr-22 | 196,000 | (151,238 | ) | 44,762 | |||||||||||||||||||||
#MANTLE1967TOPPS9 | 06-Apr-22 | 20,785 | (5,174 | ) | 15,610 | |||||||||||||||||||||
#OVECHKINSPAUTHBASKET9.5 | 06-Apr-22 | 31,090 | (6,471 | ) | 24,619 | |||||||||||||||||||||
#AARONDECADEBASKET | 07-Apr-22 | 85,439 | (13,060 | ) | 72,379 | |||||||||||||||||||||
#GRIFFEY89UPPERDECKSGCGOLD | 07-Apr-22 | 17,360 | (8,915 | ) | 8,445 | |||||||||||||||||||||
#LeBronRookieShoes | 07-Apr-22 | 464,925 | (108,641 | ) | 356,284 | |||||||||||||||||||||
#MAGICBIRDDRJ1980PSA9 | 07-Apr-22 | 31,850 | (16,306 | ) | 15,543 | |||||||||||||||||||||
#NolanRyan1968MiltonBradleyPSA9 | 11-Apr-22 | 171,470 | (45,280 | ) | 126,190 | |||||||||||||||||||||
#PaulMolitor1978ToppsPSA10 | 11-Apr-22 | 52,973 | (18,936 | ) | 34,037 | |||||||||||||||||||||
#CrosbyWinterClassicSkates | 15-Apr-22 | 18,010 | (5,094 | ) | 12,916 | |||||||||||||||||||||
#RONALDO2002PANINIFUTEBOLSTICKERSPSA10 | 18-Apr-22 | 114,535 | (49,849 | ) | 64,686 | |||||||||||||||||||||
#KobeBlackHistoryMonthFinalSeasonShoes | 25-Apr-22 | 76,195 | (28,042 | ) | 48,154 | |||||||||||||||||||||
#MantleDebutStub | 26-Apr-22 | 117,238 | (85,724 | ) | 31,514 | |||||||||||||||||||||
#YAODUNCANDIRKTRIPLELOGOMAN | 26-Apr-22 | 167,810 | (118,648 | ) | 49,163 | |||||||||||||||||||||
#EmbiidFirst50PointGameJersey | 27-Apr-22 | 38,400 | (28,354 | ) | 10,046 | |||||||||||||||||||||
#RipkenRookieJersey&CardBasket | 02-May-22 | 158,444 | (35,470 | ) | 122,973 | |||||||||||||||||||||
#TigerWoodsDebutTicket | 12-May-22 | 82,410 | (44,543 | ) | 37,867 | |||||||||||||||||||||
#Brady01TicketBooklet | 13-May-22 | 10,975 | (8,311 | ) | 2,664 | |||||||||||||||||||||
#1980ToppsBasketballWax | 19-May-22 | 73,623 | (18,590 | ) | 55,032 | |||||||||||||||||||||
#Pele1958AmericanaPSA3 | 19-May-22 | 125,738 | (49,513 | ) | 76,224 | |||||||||||||||||||||
#96SkyboxE-X2000Wax | 01-Jun-22 | 31,146 | (10,979 | ) | 20,167 | |||||||||||||||||||||
#BellingerOrangeBGS9.5 | 01-Jun-22 | 26,785 | (20,287 | ) | 6,498 | |||||||||||||||||||||
#CharlesBarkleySunsJersey | 01-Jun-22 | 158,915 | (19,119 | ) | 139,796 | |||||||||||||||||||||
#Tiger1stEventStub | 01-Jun-22 | 93,951 | (65,762 | ) | 28,188 | |||||||||||||||||||||
#HamiltonChromeOrangeSapphire | 23-Jun-22 | 58,940 | (45,554 | ) | 13,386 | |||||||||||||||||||||
#OvechkinTheCupBGSGemMint9.5 | 06-Jul-22 | 467,670 | (145,769 | ) | 321,901 | |||||||||||||||||||||
#Mantle51BowmanSGC7 | 03-Aug-22 | 100,715 | (19,167 | ) | 81,548 | |||||||||||||||||||||
#49BowmanJackieAuto | 12-Aug-22 | 76,214 | (26,011 | ) | 50,202 | |||||||||||||||||||||
#Eruzione1980MiracleOnIceGoldJersey | 30-Aug-22 | 706,805 | (267,196 | ) | 439,609 | |||||||||||||||||||||
#TatumFlawlessGoldBGS9.5 | 04-Oct-22 | 58,885 | (16,885 | ) | 42,000 | |||||||||||||||||||||
TOTAL | $ | 1,083,074 | $ | (190,891 | ) | $ | 892,183 | $ | 27,361,074 | $ | (13,001,234 | ) | $ | 14,359,840 |
F-314
Income Taxes
For the 2020 and 2021 tax years, the Company and each Series (where escrow closed in the 2020 or 2021 tax-year) were treated as either partnerships or disregarded entities for US federal income tax purposes. Partnerships generally will not be subject to US federal income tax. Rather, each Member is required to report on its own federal income tax return that Member’s allocable share of the partnership’s items of taxable income, gain, loss, deduction and credit for the taxable year.
These 2020 and 2021 Series will continue to be treated as partnerships for US federal income tax purposes for 2022 tax-year. However, the Company held unit-holder votes for each Series to allow for the conversion of these Series into C corporations. The intent is for the election to convert to C corporations to be effective starting in tax-year 2023. The conversion will be affected through the successful filing of IRS Form 8832. Notice of IRS acceptance of Forms 8832 for each Series is still pending.
For any series where the escrow closed in tax-year 2022, it is the intent of the Company for those Series to also elect to be treated a C corporation. However, it is the intent of the Company that this election by the Series be effective for the 2022 tax year. Unlike partnerships, C corporations constitute a tax-paying entity. As such, the C corporations will calculate their net taxable income for the 2022 tax year and remit any resultant tax liability to the US Treasury. Any distribution of after-tax proceeds by these C corporation may trigger a second, shareholder-level gain to the recipient shareholder. This second, shareholder-level gain is reported by the Series shareholder on the shareholder’s own federal income tax return.
Three (3) Series that were formed in 2022 and have elected to be taxed as C corporations for income tax purposes for tax-year 2022 disposed of their Collectable assets in the 2022 tax-year. The current income tax payable that resulted from these asset dispositions totals $21,353 as reflected in the Statement of Operations.
Further, the GAAP impairments for the remaining 2022 Series electing to be treated as C corporations for income tax purposes created a deferred tax asset of $707,573. This deferred tax asset is offset by a full valuation allowance. Accordingly, this item has no impact on the actual statements.
NOTE 4: RELATED PARTY TRANSACTIONS
Due from / (Due to) Affiliates balances on the financial statements represent intercompany transactions which finance certain operations of the company such as costs capitalized in a Series, consignment payments, proceeds from sales, sales pay-outs, and share purchases.
As of December 31, 2022, the net amount of Due from / (Due to) the Manager is $1,592,804, which represents the net transactions of sales funding, sales payouts and shares purchased.
As of December 31, 2022, the net amount of Due from / (Due to) Collectable Technologies, Inc. is ($1,786,728), which represents the net transactions of costs capitalized in a Series, sales funding, sales payouts and shares purchased.
Among the items offered to the public through the Collectable platform in 2022, (1) one item came from the collection of Collectable Founder and President, Jason Epstein through a business entity, Zev Partners. Total consignment payments equaled $20,100.
Asset Name | Closing Date | Consignment Paid | ||||
#CURRYGOLDTOPPSPSA10 | 8/23/2022 | $ | 20,100 |
As of December 31, 2021, the net amount of Due from / (Due to) the Manager is $332,611, which represents the net transactions of sales funding, sales payouts and shares purchased.
As of December 31, 2021, the net amount of Due from / (Due to) Collectable Technologies, Inc. is $1,718,704, which represents the net transactions of costs capitalized in a Series, sales funding, sales payouts and shares purchased.
Among the items offered to the public through the Collectable platform in 2021, six (6) items came from the collection of Collectable Founder and President, Jason Epstein through a business entity, Zev Partners. Total consignment payments equaled $149,600.
Asset Name | Closing Date | Consignment Paid | ||||
#DURANTCHROMEREFRACTORPSA10 | 1/11/2021 | $ | 12,500 | |||
#MANTLE1952BOWMANPSA8 | 1/12/2021 | $ | 15,375 | |||
#TEDWILLIAMS1939PLAYBALL | 3/30/2021 | $ | 28,000 | |||
#MAGICBIRDDRJPSA8BASKET | 4/1/2021 | $ | 15,400 | |||
#BRADYPLAYOFFCONTENDERSBASKET | 4/8/2021 | $ | 61,875 | |||
#MANTLE1956PSA8BASKET | 4/26/2021 | $ | 16,450 | |||
Total Consignments Paid in 2021 | $ | 149,600 |
F-315
Officers may also invest in assets for sale. The following table sets forth information with respect to the number of units or shares of each of our Series beneficially owned by our officers as of December 31, 2022.
Title of Class | Name of Beneficial Owner | # of Units | % (*less than 1%) | |||||||
#03ExquisiteBox | Ezra Levine | 39 | * | |||||||
#18-19BASKETBALLGROWTHBASKET | Jason Epstein | 15 | * | |||||||
#1909E95SGCSet | Ezra Levine | 3 | * | |||||||
#1909E95SGCSet | Jason Epstein | 100 | 1.3 | % | ||||||
#1959TOPPSBASEBALLSET | Ezra Levine | 18 | * | |||||||
#1964KOUFAXJERSEY | Jason Epstein | 70 | * | |||||||
#1969TOPPSBASKETBALLSET | Matthew Demchyk | 10 | * | |||||||
#1980ToppsBasketballWax | Ezra Levine | 6 | * | |||||||
#1986WAX | Jason Epstein | 15 | * | |||||||
#1986WAX | Matthew Demchyk | 426 | 5.5 | % | ||||||
#2000PLAYOFFCONTENDERSWAX | Jason Epstein | 40 | 1.6 | % | ||||||
#48LeafRuthSGC8 | Ezra Levine | 385 | 3.5 | % | ||||||
#49BowmanJackieAuto | Ezra Levine | 1 | * | |||||||
#AARON1954PSA8.5 | Ezra Levine | 296 | 2.4 | % | ||||||
#AARON1954PSA8.5 | Jason Epstein | 70 | * | |||||||
#AcunaBowman10Basket | Ezra Levine | 20 | * | |||||||
#AlexRodriguez09WSUniform | Ezra Levine | 29 | * | |||||||
#AliRookieCardBVG8 | Ezra Levine | 2 | * | |||||||
#AliRookieCardBVG8 | Jason Epstein | 10 | * | |||||||
#ALIWBCBELT | Jason Epstein | 500 | 1.2 | % | ||||||
#ALKALINE1954TOPPSPSA9 | Ezra Levine | 4 | * | |||||||
#ANDRE&HULKWRESTLINGBASKET | Ezra Levine | 45 | * | |||||||
#BobbyOrrBruinsJersey | Ezra Levine | 113 | * | |||||||
#BRADY2000SPXSPECTRUMBGS9.5 | Jason Epstein | 250 | * | |||||||
#BRADY2000SPXSPECTRUMBGS9.5 | Matthew Demchyk | 100 | * | |||||||
#BradyChampionshipTicket | Jason Epstein | 1,056 | * | |||||||
#BRADYDEBUTTICKET | Ezra Levine | 15 | * | |||||||
#BRADYPLAYOFFCONTENDERSBASKET | Jason Epstein | 4,149 | 22.2 | % | ||||||
#BRADYPLAYOFFCONTENDERSBASKET | Matthew Demchyk | 219 | 1.2 | % | ||||||
#BRADYROOKIE | Jason Epstein | 20 | * | |||||||
#CHAMBERLAINHSUNIFORM | Ezra Levine | 84 | * | |||||||
#CHAMBERLAINHSUNIFORM | Jason Epstein | 400 | 3.1 | % | ||||||
#ChamberlainPhilaJersey59-60 | Ezra Levine | 371 | * | |||||||
#ChamberlainPhilaJersey59-60 | Jason Epstein | 1,196 | * | |||||||
#ChicagoBullsDynastyHardwood | Ezra Levine | 71 | * | |||||||
#Clemente1955PSA8 | Ezra Levine | 48 | * | |||||||
#Clemente1955PSA8 | Jason Epstein | 70 | * | |||||||
#CLEMENTEWHITE&GRAYBASKET | Ezra Levine | 7 | * | |||||||
#CLEMENTEWHITE&GRAYBASKET | Matthew Demchyk | 35 | * | |||||||
#COBBMINTE98 | Ezra Levine | 481 | 1.6 | % | ||||||
#COBBMINTE98 | Jason Epstein | 280 | * | |||||||
#COBBVINTAGET206PHOTO | Jason Epstein | 25 | * | |||||||
#COBBVINTAGET206PHOTO | Matthew Demchyk | 25 | * | |||||||
#CristianoRonaldoRC1of1 | Ezra Levine | 615 | 1.2 | % | ||||||
#CROSBYTHECUPBASKET | Ezra Levine | 3,801 | 17.9 | % |
F-316
#CurryGoldToppsPSA10 | Jason Epstein | 1,160 | 36.3 | % | ||||||
#DIMAGGIO1933BAT | Ezra Levine | 290 | 3.0 | % | ||||||
#DonovanMitchellNT9.5 | Ezra Levine | 40 | 1.3 | % | ||||||
#DURANTCHROMEREFRACTORPSA10 | Jason Epstein | 23 | 1.8 | % | ||||||
#DWADEULTIMATE | Jason Epstein | 50 | 1.1 | % | ||||||
#EddiePlankT206PSA4 | Ezra Levine | 399 | * | |||||||
#EmbiidFirst50PointGameJersey | Ezra Levine | 1 | * | |||||||
#EMMITTSMITH10KJERSEY | Jason Epstein | 1 | * | |||||||
#EMMITTSMITH10KJERSEY | Matthew Demchyk | 459 | 7.6 | % | ||||||
#EMMITTSMITHMVPBASKET | Jason Epstein | 48 | * | |||||||
#EMMITTSMITHMVPBASKET | Matthew Demchyk | 430 | 7.4 | % | ||||||
#Eruzione1980MiracleOnIceGoldJersey | Ezra Levine | 46 | * | |||||||
#Giannis48PointGameSneakers | Ezra Levine | 12 | * | |||||||
#GIANNISGOLDIMMACULATE | Ezra Levine | 3 | * | |||||||
#GLEYBERTORRESORANGE9.5 | Jason Epstein | 30 | 1.4 | % | ||||||
#Gretzky1981SportsIllustratedCoverCGC9.4 | Ezra Levine | 276 | 7.4 | % | ||||||
#GRETZKYOPEECHEE1979 | Ezra Levine | 281 | 4.0 | % | ||||||
#GRETZKYOPEECHEE1979 | Jason Epstein | 110 | 1.6 | % | ||||||
#HamiltonChromeOrangeSapphire | Ezra Levine | 1 | * | |||||||
#HARMONKILLEBREW1955TOPPSPSA9 | Ezra Levine | 10 | * | |||||||
#HARMONKILLEBREW1955TOPPSPSA9 | Jason Epstein | 100 | 2.3 | % | ||||||
#HonusWagner1910PSA5 | Ezra Levine | 274 | 2.7 | % | ||||||
#JackieLeaf3.5 | Ezra Levine | 4 | * | |||||||
#JackieLeaf3.5 | Jason Epstein | 30 | * | |||||||
#JackieRobinson1952ToppsPSA8.5 | Ezra Levine | 419 | * | |||||||
#JackieRobinson1952ToppsPSA8.5 | Jason Epstein | 200 | * | |||||||
#JackieRobinson1952ToppsPSA8.5 | Matthew Demchyk | 100 | * | |||||||
#JackieRobinson53Topps8 | Ezra Levine | 30 | * | |||||||
#JackieRobinson53Topps8 | Jason Epstein | 200 | 2.7 | % | ||||||
#JACKIEROBINSONAUTOBAT | Jason Epstein | 10 | * | |||||||
#JETERFOILRCBASKETBGS9.5 | Jason Epstein | 13 | * | |||||||
#JimmieFoxx1938Bat | Ezra Levine | 258 | 2.6 | % | ||||||
#JimmieFoxx1938Bat | Jason Epstein | 300 | 3.0 | % | ||||||
#JimmieFoxx1938Bat | Matthew Demchyk | 195 | 2.0 | % | ||||||
#JordanExquisite8.5Flashback | Ezra Levine | 27 | * | |||||||
#JORDANEXQUISITEBGS8 | Ezra Levine | 84 | 1.0 | % | ||||||
#JORDANFLEER86SGC10 | Ezra Levine | 55 | * | |||||||
#JORDANFLEER86SGC10 | Jason Epstein | 100 | * | |||||||
#JordanLeBronMagicTripleSigs | Ezra Levine | 44 | * | |||||||
#JORDANPSA10 | Ezra Levine | 236 | 2.3 | % | ||||||
#JORDANPSA10 | Matthew Demchyk | 225 | 2.2 | % | ||||||
#JORDANROOKIEJERSEY | Jason Epstein | 30 | * | |||||||
#JORDANSIGNEDPROFESSIONALBAT | Ezra Levine | 2 | * | |||||||
#KareemPointsRecordBall | Ezra Levine | 4 | * | |||||||
#KAWHIBASKET | Jason Epstein | 1,370 | 57.4 | % | ||||||
#KevinDurantHSJersey | Ezra Levine | 36 | * | |||||||
#KobeBryant2001WarmUpJacket | Ezra Levine | 529 | 2.5 | % | ||||||
#KobeBryantFirstWhite#24Jersey | Ezra Levine | 159 | * | |||||||
#KobeBryantFirstWhite#24Jersey | Jason Epstein | 20 | * | |||||||
#KobeBryantRoyalBlueJordanSneakers | Jason Epstein | 10 | * | |||||||
#KobeLeBronJordanMagicQuadAuto | Ezra Levine | 353 | 1.4 | % | ||||||
#KOUFAX55PSA9 | Ezra Levine | 560 | 1.1 | % | ||||||
#LBJEXQUISITE | Ezra Levine | 9 | * |
F-317
#LBJEXQUISITE | Jason Epstein | 975 | * | |||||||
#LEBRONBLACKREFRACTOR | Ezra Levine | 43 | * | |||||||
#LEBRONBLACKREFRACTOR | Jason Epstein | 60 | * | |||||||
#LEBRONCREDENTIALS | Ezra Levine | 91 | * | |||||||
#LeBronMeloDualLogoman | Ezra Levine | 25 | * | |||||||
#LeBronMeloDualLogoman | Jason Epstein | 10 | * | |||||||
#LEBRONMELOWADETRIORC | Ezra Levine | 74 | * | |||||||
#LEBRONULTIMATE | Ezra Levine | 16 | * | |||||||
#LukaRookieJersey | Ezra Levine | 99 | * | |||||||
#LukaRookieJersey | Jason Epstein | 200 | * | |||||||
#LukaWhiteSparkle | Ezra Levine | 1 | * | |||||||
#LukaWhiteSparkle | Jason Epstein | 200 | * | |||||||
#MAGICBIRDDRJPSA8BASKET | Jason Epstein | 668 | 23.7 | % | ||||||
#MAGICBIRDLOGOMAN | Ezra Levine | 135 | * | |||||||
#MAGICBIRDLOGOMAN | Jason Epstein | 40 | * | |||||||
#MahomesBronzeBasket | Ezra Levine | 4 | * | |||||||
#MahomesImmaculate1of1 | Ezra Levine | 22 | * | |||||||
#MahomesImmaculate1of1 | Jason Epstein | 35 | * | |||||||
#MahomesNT1of1 | Ezra Levine | 942 | * | |||||||
#MahomesNT1of1 | Jason Epstein | 3,200 | * | |||||||
#MahomesNT1of1 | Matthew Demchyk | 1,000 | * | |||||||
#MahomesNT8.5 | Ezra Levine | 47 | * | |||||||
#MANTLE1952TOPPSPSA8 | Ezra Levine | 115 | * | |||||||
#MANTLE1952TOPPSPSA8 | Jason Epstein | 112 | * | |||||||
#MANTLE1952TOPPSPSA8 | Matthew Demchyk | 1,794 | 3.6 | % | ||||||
#Mantle1953Bowman8Basket | Ezra Levine | 40 | * | |||||||
#Mantle1953Topps8 | Ezra Levine | 211 | 2.0 | % | ||||||
#Mantle1953Topps8 | Jason Epstein | 100 | * | |||||||
#MANTLE1956PSA8BASKET | Jason Epstein | 1,749 | 29.5 | % | ||||||
#Mantle1957ToppsPSA8.5 | Ezra Levine | 20 | * | |||||||
#MANTLE1960PSA9 | Jason Epstein | 30 | * | |||||||
#MANTLE52TOPPSPSA7 | Ezra Levine | 45 | * | |||||||
#MANTLE52TOPPSPSA7 | Matthew Demchyk | 1,300 | 4.1 | % | ||||||
#Mantle54BowmanBasket | Ezra Levine | 6 | * | |||||||
#Mantle54BowmanBasket | Jason Epstein | 1,401 | 26.3 | % | ||||||
#MantleDebutStub | Ezra Levine | 103 | * | |||||||
#Maris58ToppsPSA9 | Jason Epstein | 100 | 1.7 | % | ||||||
#MAYS1951BOWMAN7 | Jason Epstein | 13 | * | |||||||
#MAYS1952PSA8 | Ezra Levine | 291 | 1.2 | % | ||||||
#MAYS1952PSA8 | Jason Epstein | 10 | * | |||||||
#MAYS1959PSA9BASKET | Jason Epstein | 620 | 12.2 | % | ||||||
#MayweatherRCPSA10 | Ezra Levine | 8 | * | |||||||
#MessiMegacracks#71PSA9 | Ezra Levine | 1 | * | |||||||
#MESSIROOKIEBASKET | Matthew Demchyk | 379 | 4.0 | % | ||||||
#Mikan48BowmanPSA7 | Ezra Levine | 5 | * | |||||||
#Mikan48BowmanPSA7 | Jason Epstein | 160 | 1.9 | % | ||||||
#Mikan48BowmanPSA7 | Matthew Demchyk | 200 | 2.4 | % | ||||||
#MONTANARCPSA10 | Ezra Levine | 76 | 1.1 | % | ||||||
#MONTANARCPSA10 | Jason Epstein | 5 | * | |||||||
#MONTANARCPSA10 | Matthew Demchyk | 94 | 1.4 | % | ||||||
#MOOKIEBETTSGLOVE | Ezra Levine | 64 | 1.0 | % |
F-318
#NadalNetProGlossy | Ezra Levine | 20 | * | |||||||
#NadalNetProGlossy | Jason Epstein | 4 | * | |||||||
#OvechkinTheCupBGSGemMint9.5 | Ezra Levine | 56 | * | |||||||
#PaulMolitor1978ToppsPSA10 | Ezra Levine | 49 | * | |||||||
#PeytonManningMVPHelmet | Ezra Levine | 1,174 | 3.1 | % | ||||||
#RONALDO2002PANINIFUTEBOLSTICKERSPSA10 | Ezra Levine | 137 | 1.2 | % | ||||||
#RoyCampanella1949BowmanPSA9 | Ezra Levine | 152 | 2.5 | % | ||||||
#Ruth1914BaltimoreNewsSGC3 | Ezra Levine | 118 | * | |||||||
#Ruth33GoudeySGC8 | Ezra Levine | 397 | 2.8 | % | ||||||
#Ruth33GoudeySGC8 | Jason Epstein | 175 | 1.2 | % | ||||||
#RUTHGEHRIGBALL | Ezra Levine | 122 | 6.0 | % | ||||||
#RUTHGEHRIGBALL | Jason Epstein | 320 | 15.7 | % | ||||||
#RUTHGEHRIGBALL | Matthew Demchyk | 135 | 6.6 | % | ||||||
#SadaharuOhBat | Ezra Levine | 6 | * | |||||||
#SandyKoufax1956ToppsGrayBackPSA9 | Ezra Levine | 27 | * | |||||||
#ShoelessJoeJackson1915PSA8 | Ezra Levine | 93 | * | |||||||
#TatumFlawlessGoldBGS9.5 | Ezra Levine | 3 | * | |||||||
#TEDWILLIAMS1939PLAYBALL | Ezra Levine | 25 | * | |||||||
#TheRockBumbleBeePSA10 | Jason Epstein | 500 | 5.2 | % | ||||||
#TheRockBumbleBeePSA10 | Matthew Demchyk | 3 | * | |||||||
#Tiger1stEventStub | Matthew Demchyk | 100 | 1.1 | % | ||||||
#TIGERPUTTER | Ezra Levine | 331 | 1.5 | % | ||||||
#TIGERPUTTER | Jason Epstein | 60 | * | |||||||
#TIGERSPAUTHENTICBGS9.5 | Jason Epstein | 13 | * | |||||||
#TigerWoodsDebutTicket | Ezra Levine | 1 | * | |||||||
#TimDuncanPMGGreen | Ezra Levine | 1 | * | |||||||
#TROUTFINESTSUPERFRACTOR | Jason Epstein | 10 | * | |||||||
#TysonRCBGS9Basket | Ezra Levine | 51 | * | |||||||
#UnitasPSA8 | Ezra Levine | 5 | * | |||||||
#WarrenSpahn1948LeafPSA9 | Ezra Levine | 245 | 2.6 | % | ||||||
#WILTCHAMBERLAIN1961FLEERRCPSA9 | Ezra Levine | 343 | * | |||||||
#YAODUNCANDIRKTRIPLELOGOMAN | Ezra Levine | 2 | * | |||||||
#ZionPrizmsBlueBGS10 | Jason Epstein | 20 | * |
Common Management: The CEO of the Company, Collectable Sports Assets, LLC is also the CEO of the Manager, CS Asset Manager, LLC. Due to the Company having common management, there cannot be any arms length transactions between the Company, Collectable Sports Assets, LLC the Manager, CS Asset Manager, LLC. As of April 3, 2023, the role and responsibilities of the CEO transitioned from Ezra Levine to Jarod Winters.
F-319
NOTE 5: MEMBERS’ EQUITY
The members of each Series have certain rights with respect to the Series to which they are subscribed. Each Series generally holds a single asset or a collection of assets. A Series member is entitled to their pro rata share of the net profits derived from the Collectable Asset held in that series after deduction of expense allocations and direct expenses attributable to the Collectable Asset, based on their percentage of the total outstanding Interests in that Series.
The debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, are solely the debts, obligations and liabilities of the Company, and no member of the Company is obligated personally for any such debt, obligation or liability.
Distributions Upon Liquidation
Upon the occurrence of a liquidation event relating to the Company as a whole or any Series, the Manager (or a liquidator selected by the Manager) is charged with winding up the affairs of the Series or the Company as a whole, as applicable, and liquidating its assets. Upon the liquidation of a Series or the Company as a whole, as applicable, the Collectable Assets will be liquidated, and proceeds distributed as follows:
(i) | first, to any third-party creditors; |
(ii) | second, to any creditors that are the Manager or its affiliates (e.g., payment of any outstanding Operating Expenses). |
(iii) | third, 100% to the interest holders of the relevant Series, allocated pro rata based on the number of Interests held by each interest holder (which may include the Manager, any of its affiliates and asset sellers and which distribution within a Series will be made consistent with any preferences which exist within such Series). |
Compensation of the Manager
The Manager may receive Sourcing Fees and reimbursement for costs incurred relating to the offering described herein and other offerings (e.g., Offering Expenses and Acquisition Expenses), additionally, the Manager may receive Sourcing Fees in connection with the sale of an underlying Asset of the Platform.
The Manager receives Sourcing Fees for each offering for Series of Interests in the Company that closes. During 2022, the Manager received $314,858 in Sourcing Fees for (71) seventy-one Reg A Series and $10,000 in Sourcing Fees for (1) one Reg D Series that were closed. During 2022, the Manager also received 88,229 shares in non-cash compensation with a value of $611,120.
During 2021, the Manager received $696,926 in Sourcing Fees for (159) one hundred fifty-nine Series that were closed. During 2021, the Manager also received 142,713 shares in non-cash compensation with a value of $1,187,183.
NOTE 6: RECENT ACCOUNTING PRONOUNCEMENTS
The Company does not believe that any other recently issued, but not yet effective, accounting pronouncements would have a material effect on the accompanying consolidated financial statements. As new accounting pronouncements are issued, the Company will adopt those that are applicable under the circumstances.
F-320
NOTE 7: COMMITMENTS AND CONTINGENCIES
Litigation
The Company is not currently involved with and does not know of any pending or threatened litigation against the Company, its member or its Manager, except as follows:
A Series of the Company, #BobbyOrrBruinsJersey, was the subject of pending/threatened litigation against the parent of the Company, Collectable Technologies, Inc (“CTI”). The parties reached a settlement of their dispute on or about April 30th, 2023 to include the purchase of the Series’ underlying asset from public investors for $44,690 to be funded by CTI, as well as a monetary settlement of $80,000 also to be funded by CTI.
NOTE 8: SUBSEQUENT EVENTS
The Company has evaluated events through May 5, 2023, the date of this filing. On April 3, 2023 the Board accepted the resignation of Ezra Levine from the post of CEO, and promptly filed the requirement announcement in the SEC EDGAR database: https://www.sec.gov/Archives/edgar/data/1804446/000182912623002566/collectablesports_1u.htm Additionally, the Board voted to promote Jarod Winters to assume the duties performed in that role.
As a result of liquidity and going concern issue described above in Note 2, in addition to staffing and other cost cutting measures, the Board voted in favor of a plan to seek liquidity by selling Collectable Assets from the platform. The plan outlines an orderly process of allocating assets to be sold at specific venues.
Subsequent Offerings
The company has not conducted any offerings subsequent to December 31, 2022.
Sales of underlying assets
There have been (16) sixteen sales of underlying assets off the platform so far in 2023.
Series Name | Date of Sale | Sales Price | Cost Basis | Net Gain (Loss) | |||||||||||
#RUTH1914BALTIMORENEWSSGC3 | 1/18/2023 | $ | 96,138 | $ | 64,800 | $ | 31,338 | ||||||||
#ERUZIONE1980MIRACLEONICEGOLDJERSEY | 1/27/2023 | $ | 725,000 | $ | 708,000 | $ | 17,000 | ||||||||
#MAYS1959PSA9BASKET | 4/3/2023 | $ | 28,000 | $ | 24,000 | $ | 4,000 | ||||||||
#HONUSWAGNER1910PSA5 | 4/7/2023 | $ | 90,000 | $ | 89,900 | $ | 100 | ||||||||
#BELLINGERORANGEBGS9.5 | 4/8/2023 | $ | 3,312 | $ | 26,000 | $ | (22,688 | ) | |||||||
#DONOVANMITCHELLNT9.5 | 4/8/2023 | $ | 5,355 | $ | 29,750 | $ | (24,395 | ) | |||||||
#GLEYBERTORRESORANGE9.5 | 4/8/2023 | $ | 1,820 | $ | 20,750 | $ | (18,930 | ) | |||||||
#GRIFFEY89UPPERDECKSGCGOLD | 4/8/2023 | $ | 4,550 | $ | 15,500 | $ | (10,950 | ) | |||||||
#JACKIELEAF3.5 | 4/8/2023 | $ | 14,900 | $ | 38,000 | $ | (23,100 | ) | |||||||
#JOKICREFRACTOR1OF1 | 4/8/2023 | $ | 7,250 | $ | 23,000 | $ | (15,750 | ) | |||||||
#LBJKOBETOPPSBASKET | 4/8/2023 | $ | 6,155 | $ | 15,000 | $ | (8,845 | ) | |||||||
#MAGICBIRDDRJ1980PSA9 | 4/8/2023 | $ | 15,011 | $ | 29,950 | $ | (14,939 | ) | |||||||
#MANTLE1965TOPPS9 | 4/8/2023 | $ | 24,000 | $ | 35,250 | $ | (11,250 | ) | |||||||
#MIKAN48BOWMANPSA7 | 4/8/2023 | $ | 32,100 | $ | 39,750 | $ | (7,650 | ) | |||||||
#ZIONPRIZMSBLUEBGS10 | 4/8/2023 | $ | 5,100 | $ | 29,000 | $ | (23,900 | ) | |||||||
#TIGERPUTTER | 4/9/2023 | $ | 199,238 | $ | 210,000 | $ | (10,762 | ) | |||||||
Total | $ | 1,257,929 | $ | 1,398,650 | $ | (140,721 | ) |
F-321
SIGNATURES
Pursuant to the requirements of Regulation A, the issuer has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
COLLECTABLE SPORTS ASSETS, LLC | ||
By: | CS Asset Manager, LLC, its managing member | |
By: | /s/ Jarod Winters | |
Name: | Jarod Winters | |
Title: | Authorized Representative |
This report has been signed by the following persons in the capacities and on the dates indicated.
Signature | Title | Date | |||
/s/ Jason Epstein | Director of Collectable Technologies, Inc., sole member of | June 22, 2023 | |||
Name: | Jason Epstein | CS Asset Manager, LLC | |||
/s/ Jarod Winters | Director of Collectable Technologies, Inc., sole member of | June 22, 2023 | |||
Name: | Jarod Winters | CS Asset Manager, LLC | |||
(Principal Executive Officer, Principal Financial Officer, and Principal Accounting Officer) |
CS ASSET MANAGER, LLC | Managing Member | June 22, 2023 | |||
By: | /s/ Jarod Winters | ||||
Name: | Jarod Winters | ||||
Title: | Authorized Representative |
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