Adelphia Recovery Trust

CIK:0001433669|SEC Filings

Condensed Statements of Operations - USD ($)	3 Months Ended		6 Months Ended
Condensed Statements of Operations - USD ($)	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Revenues
Interest income	$ 80,059	$ 106,056	$ 158,910	$ 211,281
Total revenues	80,059	106,056	158,910	211,281
Operating expenses
General and administrative expenses	321,885	311,079	1,010,726	997,684
Professional expenses	80,973	55,517	163,957	158,961
Total operating expenses	402,858	366,596	1,174,683	1,156,645
Net loss	$ (322,799)	$ (260,540)	$ (1,015,773)	$ (945,364)

Condensed Statements of Cash Flows - USD ($)	6 Months Ended
Condensed Statements of Cash Flows - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Operating activities
Net loss	$ (1,015,773)	$ (945,364)
Adjustments to reconcile net loss to net cash used by operating activities consisting of changes in operating assets and liabilities:
Prepaid assets	99,019	97,730
Note and accrued interest receivable	(140,250)	(195,010)
Accrued expenses	(9,052)	16,647
Net cash used by operating activities	(1,066,056)	(1,025,997)
Net change in cash and cash equivalents	(1,066,056)	(1,025,997)
Cash and cash equivalents, beginning of period	36,323,412	36,081,284
Cash and cash equivalents, end of period	$ 35,257,356	$ 35,055,287

Condensed Balance Sheets - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Assets
Cash and cash equivalents	$ 35,257,356	$ 36,323,412
Prepaid assets	482,305	581,324
Note and accrued interest receivable	5,745,216	5,604,966
Total assets	41,484,877	42,509,702
Liabilities and net assets
Accrued expenses	74,360	83,412
Deferred holder distributions	101,123	101,123
Total liabilities	175,483	184,535
Net assets	41,309,394	42,325,167
Total liabilities and net assets	$ 41,484,877	$ 42,509,702