British Columbia · Bankruptcy

Notice to Creditors

Notice to creditors · 19 August 2024

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appointeeFTI Consulting Canada Inc.
appointee roletrustee
commencement date19 August 2024
proceeding typebia_bankruptcy
provinceBRITISH COLUMBIA
statutory basisBankruptcy and Insolvency Act
statutory basissection 49(1) of the Bankruptcy and Insolvency Act
court file no11-3117708
financial positionnote: Total liabilities comprise total unsecured creditors $5,552,111.22 (List A $5,471,503.04 plus balance of secured claims $80,608.18), secured creditors $1,218,000.00 (List B), preferred creditors $0.00 (List C), and contingent/other liabilities $0.00 (List D); stated deficiency $5,552,111.22; surplus stated as 'NIL' · page: 3 · as at: 2024-08-16 · basis: as stated and estimated by the officer (Statement of Affairs, Form 78) · scope: Acuva Technologies Inc. (single entity, no consolidation) · currency: CAD · total assets: 1218000 · total liabilities: 6770111.22
unsecured creditorspage: 4 · as of: 2024-08-16 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as reported by the officer · amount: 806.66 · debtor: Acuva Technologies Inc. · creditor: CINCINNATI TEST SYSTEMS · currency: CAD
unsecured creditorspage: 4 · as of: 2024-08-16 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as reported by the officer · amount: 9312.54 · debtor: Acuva Technologies Inc. · creditor: Combined Selection Group Ltd · currency: CAD
unsecured creditorspage: 4 · as of: 2024-08-16 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as reported by the officer · amount: 64.92 · debtor: Acuva Technologies Inc. · creditor: Corporate Traveller · currency: CAD
unsecured creditorspage: 4 · as of: 2024-08-16 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as reported by the officer · amount: 157003.27 · debtor: Acuva Technologies Inc. · creditor: CrayoNano AS · currency: CAD
unsecured creditorspage: 4 · as of: 2024-08-16 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as reported by the officer · amount: 3620.88 · debtor: Acuva Technologies Inc. · creditor: Devi Tooling Solutions · currency: CAD
unsecured creditorspage: 4 · as of: 2024-08-16 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as reported by the officer · amount: 114.91 · debtor: Acuva Technologies Inc. · creditor: DHL Express · currency: CAD
unsecured creditorsnote: Represents unsecured balance of Genome British Columbia's bifurcated secured claim (see secured_creditors); unsecured claim column shows $0.00, balance of claim column shows $80,608.18 · page: 4 · as of: 2024-08-16 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as reported by the officer · amount: 80608.18 · debtor: Acuva Technologies Inc. · creditor: Genome British Columbia · currency: CAD
unsecured creditorspage: 4 · as of: 2024-08-16 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as reported by the officer · amount: 441 · debtor: Acuva Technologies Inc. · creditor: Godani Export (P) Ltd · currency: CAD
unsecured creditorspage: 4 · as of: 2024-08-16 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as reported by the officer · amount: 270.9 · debtor: Acuva Technologies Inc. · creditor: Green Machine Shredding · currency: CAD
unsecured creditorsnote: Government of Canada claim · page: 4 · as of: 2024-08-16 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as reported by the officer · amount: 3000000 · debtor: Acuva Technologies Inc. · creditor: Her Majesty the Queen in Right of Canada (as represented by the Minister responsible for Pacific Economic Development Canada) · currency: CAD
unsecured creditorspage: 4 · as of: 2024-08-16 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as reported by the officer · amount: 7514.57 · debtor: Acuva Technologies Inc. · creditor: Epoxies, Etc. · currency: CAD
unsecured creditorspage: 4 · as of: 2024-08-16 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as reported by the officer · amount: 3171.51 · debtor: Acuva Technologies Inc. · creditor: Fast PCBA · currency: CAD
unsecured creditorspage: 4 · as of: 2024-08-16 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as reported by the officer · amount: 1378.25 · debtor: Acuva Technologies Inc. · creditor: Eastcooler Household Appliance Group · currency: CAD
unsecured creditorspage: 4 · as of: 2024-08-16 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as reported by the officer · amount: 508.15 · debtor: Acuva Technologies Inc. · creditor: Allegra Design Print · currency: CAD
unsecured creditorspage: 4 · as of: 2024-08-16 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as reported by the officer · amount: 181.35 · debtor: Acuva Technologies Inc. · creditor: BC Hydro 178 · currency: CAD
unsecured creditorspage: 4 · as of: 2024-08-16 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as reported by the officer · amount: 425.1 · debtor: Acuva Technologies Inc. · creditor: BC Hydro 180 · currency: CAD
unsecured creditorspage: 4 · as of: 2024-08-16 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as reported by the officer · amount: 627.52 · debtor: Acuva Technologies Inc. · creditor: BC Hydro 181 · currency: CAD
unsecured creditorspage: 4 · as of: 2024-08-16 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as reported by the officer · amount: 316.55 · debtor: Acuva Technologies Inc. · creditor: BC Hydro 382 #2 · currency: CAD
unsecured creditorspage: 4 · as of: 2024-08-16 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as reported by the officer · amount: 194.86 · debtor: Acuva Technologies Inc. · creditor: Canteen of Canada Ltd · currency: CAD
unsecured creditorspage: 4 · as of: 2024-08-16 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as reported by the officer · amount: 5198.09 · debtor: Acuva Technologies Inc. · creditor: CARSO - LABORATOIRE SANTE · currency: CAD
unsecured creditorspage: 4 · as of: 2024-08-16 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as reported by the officer · amount: 2027.64 · debtor: Acuva Technologies Inc. · creditor: Chuck Lew & Co · currency: CAD
unsecured creditorspage: 5 · as of: 2024-08-16 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as reported by the officer · amount: 71.47 · debtor: Acuva Technologies Inc. · creditor: Staci Corp Dba Vexos · currency: CAD
unsecured creditorsnote: Government of Canada claim · page: 5 · as of: 2024-08-16 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as reported by the officer · amount: 1332500 · debtor: Acuva Technologies Inc. · creditor: Her Majesty the Queen in Right of Canada (as represented by the Minister responsible for Western Economic Diversification Canada) · currency: CAD
unsecured creditorsnote: Government of Canada claim; separate line item from the $1,332,500.00 claim by the same department · page: 5 · as of: 2024-08-16 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as reported by the officer · amount: 642600 · debtor: Acuva Technologies Inc. · creditor: Her Majesty the Queen in Right of Canada (as represented by the Minister responsible for Western Economic Diversification Canada) · currency: CAD
unsecured creditorspage: 5 · as of: 2024-08-16 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as reported by the officer · amount: 375.71 · debtor: Acuva Technologies Inc. · creditor: HS Optics · currency: CAD
unsecured creditorspage: 5 · as of: 2024-08-16 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as reported by the officer · amount: 15024.7 · debtor: Acuva Technologies Inc. · creditor: Hunan Sento Stainless Steel Sanitary · currency: CAD
unsecured creditorspage: 5 · as of: 2024-08-16 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as reported by the officer · amount: 1196.54 · debtor: Acuva Technologies Inc. · creditor: I.Jun Chung · currency: CAD
unsecured creditorspage: 5 · as of: 2024-08-16 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as reported by the officer · amount: 44868.59 · debtor: Acuva Technologies Inc. · creditor: IAPMO R&T Lab · currency: CAD
unsecured creditorspage: 5 · as of: 2024-08-16 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as reported by the officer · amount: 12623.75 · debtor: Acuva Technologies Inc. · creditor: KRK Consulting LLC · currency: CAD
unsecured creditorspage: 5 · as of: 2024-08-16 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as reported by the officer · amount: 660.33 · debtor: Acuva Technologies Inc. · creditor: Kuongshun Electronic Ltd. · currency: CAD
unsecured creditorspage: 5 · as of: 2024-08-16 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as reported by the officer · amount: 9642.79 · debtor: Acuva Technologies Inc. · creditor: Intertek USO · currency: CAD
unsecured creditorspage: 5 · as of: 2024-08-16 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as reported by the officer · amount: 129000 · debtor: Acuva Technologies Inc. · creditor: Manoj Singh C/O Richards Buell Sutton Attn: Alexander Bogdan · currency: CAD
unsecured creditorspage: 5 · as of: 2024-08-16 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as reported by the officer · amount: 5124.97 · debtor: Acuva Technologies Inc. · creditor: McMaster Carr · currency: CAD
unsecured creditorspage: 5 · as of: 2024-08-16 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as reported by the officer · amount: 21282.89 · debtor: Acuva Technologies Inc. · creditor: Omnipure Filter Company Inc. · currency: CAD
unsecured creditorspage: 5 · as of: 2024-08-16 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as reported by the officer · amount: 8403.79 · debtor: Acuva Technologies Inc. · creditor: Precision Engg. Solutions · currency: CAD
unsecured creditorspage: 5 · as of: 2024-08-16 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as reported by the officer · amount: 75.2 · debtor: Acuva Technologies Inc. · creditor: ProGum Elastomer Technology Co., Ltd. USO · currency: CAD
unsecured creditorspage: 5 · as of: 2024-08-16 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as reported by the officer · amount: 3968.26 · debtor: Acuva Technologies Inc. · creditor: SAHASRA ELECTRONIC SOLUTIONS · currency: CAD
unsecured creditorspage: 5 · as of: 2024-08-16 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as reported by the officer · amount: 37045.91 · debtor: Acuva Technologies Inc. · creditor: Smart & Biggar · currency: CAD
unsecured creditorspage: 5 · as of: 2024-08-16 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as reported by the officer · amount: 1029.29 · debtor: Acuva Technologies Inc. · creditor: Softcino · currency: CAD
unsecured creditorspage: 5 · as of: 2024-08-16 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as reported by the officer · amount: 631.31 · debtor: Acuva Technologies Inc. · creditor: Telus Comm · currency: CAD
unsecured creditorspage: 5 · as of: 2024-08-16 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as reported by the officer · amount: 282 · debtor: Acuva Technologies Inc. · creditor: Telus Mobility · currency: CAD
unsecured creditorspage: 5 · as of: 2024-08-16 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as reported by the officer · amount: 2877.44 · debtor: Acuva Technologies Inc. · creditor: The Water Guy · currency: CAD
unsecured creditorspage: 6 · as of: 2024-08-16 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as reported by the officer · amount: 2873.4 · debtor: Acuva Technologies Inc. · creditor: UPS · currency: CAD
unsecured creditorspage: 6 · as of: 2024-08-16 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as reported by the officer · amount: 1218.43 · debtor: Acuva Technologies Inc. · creditor: Uline · currency: CAD
unsecured creditorspage: 6 · as of: 2024-08-16 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as reported by the officer · amount: 4947.6 · debtor: Acuva Technologies Inc. · creditor: UChoice Manufacturing Inc. · currency: CAD
secured creditorsnote: Total claim asserted per List 'B' was $1,298,608.18; claim bifurcated by security valuation - secured portion equals estimated value of security ($1,218,000.00, matching Statement of Affairs summary line 'Secured creditors as per list B'); unsecured balance of $80,608.18 flows into unsecured creditors total (see List 'A' item #18) · page: 7 · as of: 2024-08-16 · amount: 1218000 · debtor: Acuva Technologies Inc. · creditor: Genome British Columbia · currency: CAD · security: Blanket security over inventory (est. $500,000), cash on hand-chequing (est. $430,000), accounts receivable (est. $250,000), manufacturing equipment (est. $27,000), R&D equipment (est. $7,000), computer equipment (est. $2,000), office equipment (est. $2,000); tools & dies, tenant improvements, SRED & other receivables, deposits & prepaids each estimated at $0