Ontario · Bankruptcy

Statement of Affairs

Statement of affairs · 10 November 2023

Open the PDF⁠

What we verified from this filing26 verified

commencement date10 November 2023
financial positionnote: Preferred creditors and contingent/trust liabilities each stated as $0.00 (Lists C and D); deficiency of $593,758.29 reported · page: 1 · as at: 2023-11-10 · basis: Statement of Affairs as stated and estimated by the officer · scope: Entity - Vaultose Digital Asset Services Inc. · currency: CAD · total assets: 500000 · total liabilities: 1093758.29
provinceOntario
unsecured creditorsnote: Deemed trust class (CRA GST/HST) · page: 2 · as of: 2023-11-10 · basis: Statement of Affairs, List A, as reported · amount: 1 · debtor: Vaultose Digital Asset Services Inc. · creditor: CRA - GST/HST - Jonquiere · currency: CAD
unsecured creditorsnote: Comprises $28,807.50 unsecured claim plus $5,357.87 balance of secured claim; also listed as secured creditor · page: 2 · as of: 2023-11-10 · basis: Statement of Affairs, List A, as reported · amount: 34165.37 · debtor: Vaultose Digital Asset Services Inc. · creditor: Firstangel Capital Corporation · currency: CAD
unsecured creditorsnote: Comprises $51,700.39 unsecured claim plus $12,644.57 balance of secured claim; also listed as secured creditor · page: 2 · as of: 2023-11-10 · basis: Statement of Affairs, List A, as reported · amount: 64344.96 · debtor: Vaultose Digital Asset Services Inc. · creditor: Forestedge Capital Inc. · currency: CAD
unsecured creditorsnote: Comprises $44,850.00 unsecured claim plus $5,362.16 balance of secured claim; also listed as secured creditor · page: 2 · as of: 2023-11-10 · basis: Statement of Affairs, List A, as reported · amount: 50212.16 · debtor: Vaultose Digital Asset Services Inc. · creditor: George Callahan · currency: CAD
unsecured creditorsnote: Amount is entirely the balance of secured claim (unsecured portion $0.00); also listed as secured creditor; related party - individual/officer · page: 2 · as of: 2023-11-10 · basis: Statement of Affairs, List A, as reported · amount: 9249.8 · debtor: Vaultose Digital Asset Services Inc. · creditor: Michael Caruso · currency: CAD
unsecured creditorsnote: Amount is entirely the balance of secured claim (unsecured portion $0.00); also listed as secured creditor; related party · page: 2 · as of: 2023-11-10 · basis: Statement of Affairs, List A, as reported · amount: 9429.85 · debtor: Vaultose Digital Asset Services Inc. · creditor: Michael P Caruso Professional Corporation · currency: CAD
unsecured creditorsnote: Multiple named parties combined as one listed creditor entry; c/o Smart & Biggar LLP · page: 2 · as of: 2023-11-10 · basis: Statement of Affairs, List A, as reported · amount: 25000 · debtor: Vaultose Digital Asset Services Inc. · creditor: Tilo Kunz, 1946077 Ontario Inc., William (Bill) Yakamovich, IOT Consulting, Atlantic Trust Company and Quantum Safe Data Systems · currency: CAD
unsecured creditorspage: 2 · as of: 2023-11-10 · basis: Statement of Affairs, List A, as reported · amount: 10350 · debtor: Vaultose Digital Asset Services Inc. · creditor: Tyler Sipos · currency: CAD
unsecured creditorsnote: Total claim comprises $16,560.00 unsecured claim plus $59,150.88 balance of secured claim; also appears in List B as secured creditor · page: 2 · as of: 2023-11-10 · basis: Statement of Affairs, List A, as reported · amount: 75710.88 · debtor: Vaultose Digital Asset Services Inc. · creditor: 10840025 Canada Corp. · currency: CAD
unsecured creditorsnote: Amount is entirely the balance of secured claim (unsecured portion $0.00); also listed as secured creditor; related party · page: 2 · as of: 2023-11-10 · basis: Statement of Affairs, List A, as reported · amount: 59150.88 · debtor: Vaultose Digital Asset Services Inc. · creditor: Alexandra Vasil-Caruso · currency: CAD
unsecured creditorsnote: Amount is entirely the balance of secured claim (unsecured portion $0.00); also listed as secured creditor · page: 2 · as of: 2023-11-10 · basis: Statement of Affairs, List A, as reported · amount: 428.62 · debtor: Vaultose Digital Asset Services Inc. · creditor: Antonio Marrato · currency: CAD
unsecured creditorsnote: Amount is entirely the balance of secured claim (unsecured portion $0.00); also listed as secured creditor · page: 2 · as of: 2023-11-10 · basis: Statement of Affairs, List A, as reported · amount: 214314.77 · debtor: Vaultose Digital Asset Services Inc. · creditor: Babine Bessner Spry LLP · currency: CAD
unsecured creditorspage: 2 · as of: 2023-11-10 · basis: Statement of Affairs, List A, as reported · amount: 34500 · debtor: Vaultose Digital Asset Services Inc. · creditor: Bobby Sachdeva · currency: CAD
unsecured creditorspage: 2 · as of: 2023-11-10 · basis: Statement of Affairs, List A, as reported · amount: 6900 · debtor: Vaultose Digital Asset Services Inc. · creditor: Brent Sipos · currency: CAD
secured creditorsnote: Balance of claim per List B; estimated value of security $78,849.12 · page: 3 · as of: 2023-11-10 · amount: 59150.88 · debtor: Vaultose Digital Asset Services Inc. · creditor: 10840025 Canada Corp. · currency: CAD · security: Other - License Costs, Custom Software and Computer Equipment; amount of claim $138,000.00 (per List B); given 09-Nov-2023
secured creditorsnote: Estimated value of security $571.38 · page: 3 · as of: 2023-11-10 · amount: 428.62 · debtor: Vaultose Digital Asset Services Inc. · creditor: Antonio Marrato · currency: CAD · security: Other - License Costs, Custom Software and Computer Equipment; amount of claim $1,000.00; given 09-Nov-2023
secured creditorsnote: Estimated value of security $285,685.23 · page: 3 · as of: 2023-11-10 · amount: 214314.77 · debtor: Vaultose Digital Asset Services Inc. · creditor: Babine Bessner Spry LLP · currency: CAD · security: Other - License Costs, Custom Software and Computer Equipment; amount of claim $500,000.00; given 09-Nov-2023
secured creditorsnote: Estimated value of security $7,142.13 · page: 3 · as of: 2023-11-10 · amount: 5357.87 · debtor: Vaultose Digital Asset Services Inc. · creditor: Firstangel Capital Corporation · currency: CAD · security: Other - License Costs, Custom Software and Computer Equipment; amount of claim $12,500.00; given 09-Nov-2023
secured creditorsnote: Estimated value of security $16,855.43 · page: 3 · as of: 2023-11-10 · amount: 12644.57 · debtor: Vaultose Digital Asset Services Inc. · creditor: Forestedge Capital Inc. · currency: CAD · security: Other - License Costs, Custom Software and Computer Equipment; amount of claim $29,500.00; given 09-Nov-2023
secured creditorsnote: Estimated value of security $7,147.84 · page: 3 · as of: 2023-11-10 · amount: 5362.16 · debtor: Vaultose Digital Asset Services Inc. · creditor: George Callahan · currency: CAD · security: Other - License Costs, Custom Software and Computer Equipment; amount of claim $12,510.00; given 09-Nov-2023
secured creditorsnote: Estimated value of security $12,329.60; related party - individual (also bankrupt's affiant/officer) · page: 3 · as of: 2023-11-10 · amount: 9249.8 · debtor: Vaultose Digital Asset Services Inc. · creditor: Michael Caruso · currency: CAD · security: Other - License Costs, Custom Software and Computer Equipment; amount of claim $21,579.40; given 09-Nov-2023
secured creditorsnote: Estimated value of security $12,570.15; related party · page: 3 · as of: 2023-11-10 · amount: 9429.85 · debtor: Vaultose Digital Asset Services Inc. · creditor: Michael P Caruso Professional Corporation · currency: CAD · security: Other - License Costs, Custom Software and Computer Equipment; amount of claim $22,000.00; given 09-Nov-2023
secured creditorsnote: Estimated value of security $78,849.12; related party (also listed as unsecured creditor) · page: 3 · as of: 2023-11-10 · amount: 59150.88 · debtor: Vaultose Digital Asset Services Inc. · creditor: Alexandra Vasil-Caruso · currency: CAD · security: Other - License Costs, Custom Software and Computer Equipment; amount of claim $138,000.00; given 09-Nov-2023