Vermögensverschiebungen sind strafbare Handlungen.
Less than months before chapter 11 the ma ngement reported about a book-value of 26 (5.196 Million + 19.281 Million + 1.643 Million) million and sold less than 3 months later this assets for 2 Million.
Property and equipment, net 5,196
Goodwill 19,281
Intangible assets, net 1,643
LOCAL CORPORATION
CONSOLIDATED BALANCE SHEETS
(in thousands, except par value)
(Unaudited)
March 31, December 31,
2015 2014
ASSETS
Current assets:
Cash $ 2,288 $ 2,438
Accounts receivable, net of allowances of $589 and $508, respectively 7,400 8,426
Prepaid expenses and other current assets 952 449
Total current assets 10,640 11,313
Property and equipment, net 5,196 5,650
Goodwill 19,281 19,281
Intangible assets, net 1,643 1,752
Long-term receivable, net of allowances of $3,431 and $3,431, respectively - -
Deposits 64 72
Total assets $ 36,824 $ 38,068
The result can only be an accuse of the management and the board for falsification of the balance-sheet or criminal dirty sales to cronies.
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