Quebec · NOI
First Report of the Trustee on the state of Petitioners’ business and financial affairs – dated October 27, 2021
Court officer report · 27 October 2021
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What we verified from this filing10 verified
- secured creditorsnote: Subject to full security review to be performed by Proposal Trustee · page: 4 · as of: NOI filing date · amount: 130635 · debtor: ChronoMétriq Inc. / Health Myself Innovations Inc. (combined) · creditor: Business Development Bank of Canada (BDC) · currency: CAD · security: Charge on universality of the Debtors' assets, ranks behind CIBC but pari-passu with IQ
- secured creditorsnote: Subject to full security review to be performed by Proposal Trustee; notice of default and demand letter issued prior to NOI filing; forbearance agreement and DIP Facility entered into October 22, 2021 · page: 4 · as of: NOI filing date · amount: 2923724 · debtor: ChronoMétriq Inc. / Health Myself Innovations Inc. (combined) · creditor: Canadian Imperial Bank of Commerce (CIBC) · currency: CAD · security: First ranking charge on the universality of the Debtors' assets
- secured creditorsnote: Subject to full security review to be performed by Proposal Trustee · page: 5 · as of: NOI filing date · amount: 139035 · debtor: ChronoMétriq Inc. / Health Myself Innovations Inc. (combined) · creditor: Investissement Québec (IQ) · currency: CAD · security: Charge on universality of the Debtors' assets, ranks behind CIBC but pari-passu with BDC
- unsecured creditorsnote: Approximate amount consisting of multiple categories including shareholder loan (related party component possible); document names no individual creditors · page: 5 · as of: NOI filing date · basis: Debtors' books and records as reported by Proposal Trustee · amount: 742000 · debtor: ChronoMétriq Inc. / Health Myself Innovations Inc. (combined) · creditor: Other liabilities (earn outs, shareholder loan, convertible debentures, deferred revenue) (aggregate as reported) · currency: CAD
- unsecured creditorsnote: Estimated accrued liability; no formal estimate normally recorded due to unlimited vacation policy · page: 5 · as of: NOI filing date · basis: Debtors' books and records as reported by Proposal Trustee · amount: 17332 · debtor: ChronoMétriq Inc. / Health Myself Innovations Inc. (combined) · creditor: Employee vacation pay (accrued, aggregate as reported) · currency: CAD
- unsecured creditorspage: 5 · as of: NOI filing date · basis: Debtors' books and records as reported by Proposal Trustee · amount: 472870 · debtor: ChronoMétriq Inc. / Health Myself Innovations Inc. (combined) · creditor: Employee performance bonuses (fiscal year ended June 30, 2021) · currency: CAD
- unsecured creditorspage: 5 · as of: NOI filing date · basis: Debtors' books and records as reported by Proposal Trustee · amount: 50000 · debtor: ChronoMétriq Inc. / Health Myself Innovations Inc. (combined) · creditor: Employee severance payment · currency: CAD
- unsecured creditorsnote: Unremitted employee and employer portions of deductions at source relating to period starting 2019 through May 2021; deemed trust class · page: 5 · as of: NOI filing date · basis: Debtors' books and records as reported by Proposal Trustee · amount: 3181454 · debtor: ChronoMétriq Inc. / Health Myself Innovations Inc. (combined) · creditor: Canada Revenue Agency / tax authorities (deductions at source) · currency: CAD
- unsecured creditorsnote: Approximate amount; document names no individual creditors · page: 5 · as of: NOI filing date · basis: Debtors' books and records as reported by Proposal Trustee · amount: 1542420 · debtor: ChronoMétriq Inc. / Health Myself Innovations Inc. (combined) · creditor: Trade creditors (aggregate as reported) · currency: CAD
- sale outcometext: SISP to be launched to sell the Companies on a going concern basis · scope: whole_business · status: process_approved