Exhibit 99.1

UNITED STATES BANKRUPTCY COURT
DISTRICT OF DELAWARE

In re Katy Industries, Inc., et al.	Case No. 17-11101 (KJC)
	Reporting Period: Petition Date to May 26, 2017

MONTHLY OPERATING REPORT

		Document	Explanation	Affidavit/Supplement
REQUIRED DOCUMENTS	Form No.	Attached	Attached	Attached
Schedule of Cash Receipts and Disbursements	MOR-1	X
Certification of Bank Account Reconciliation	MOR-la	X
Schedule of Professional Fees Paid	MOR-1b	X
Schedule of Bank Reconciliation	MOR-1c	X
Cash disbursements journals**
Statement of Operations	MOR-2	X
Balance Sheet	MOR-3	X
Status of Post petition Taxes	MOR-4	X
Copies of IRS Form 6123 or payment receipt
Copies of tax returns filed during reporting period
Summary of Payroll Taxes	MOR-4	X
Detail of Payroll Taxes Withheld and Paid	MOR-4a	X
Summary of Unpaid Post petition Debts	MOR-4	X
Listing of aged accounts payable	MOR-4	X
Accounts Receivable Reconciliation and Aging	MOR-5	X
Debtor Questionnaire	MOR-5	X

This Monthly Operating Report has been prepared solely for the purpose of complying with the monthly reporting requirements applicable in these chapter 11 cases and is in a format that the Debtors believe is acceptable to the Office of the United States Trustee. The financial information provided in this Monthly Operating Report is limited in scope and covers a limited time period. Moreover, such information is preliminary and unaudited and is not prepared in accordance with the general acceptable accounting principles of the United States.

I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief.

/s/ Robert W. Zimmer		7/6/2017
Signature of Debtor		Date

/s/ Robert W. Zimmer		7/6/2017
Signature of Joint Debtor		Date

/s/ Robert W. Zimmer		7/6/2017
Signature of Authorized Individual*		Date

Robert W. Zimmer	Chief Financial Officer
Printed Name of Authorized Individual	Title of Authorized Individual

**Copies of the bank statements and cash disbursements journals are not included with this Monthly Operating Report due to the voluminous nature of these reports and are available upon reasonable request in writing to counsel for the Debtors.

*Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company.

UNITED STATES BANKRUPTCY COURT
DISTRICT OF DELAWARE

*In re Katy Industries, Inc., et. al* .**	Case No. 17-11101 (KJC)
	Reporting Period: Petition Date to May 26, 2017

GENERAL NOTES

Description of the Chapter 11 Cases: On May 14, 2017 (the “Petition Date”), each of the Debtors filed voluntary petitions for relief under Chapter 11 of title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”). The Debtors’ chapter 11 cases are jointly administered for procedural purposes only under In re Katy Industries, Inc., et al. , Case No. 17-11101 (KJC) (Bankr. D. Del.) pursuant to an order entered by the Bankruptcy Court on May 16, 2017 [Dkt. No. 37]. On May 26, 2017, the Office of the United States Trustee for the District of Delaware (the “U.S. Trustee”) appointed seven members to the statutory committee of unsecured creditors pursuant to section 1102(a)(1) of the Bankruptcy Code [Dkt. No. 75]. The Debtors continue to operate their business and manage their properties as debtors in possession pursuant to sections 1104(a) and 1108 of the Bankruptcy Code. Additional information about these chapter 11 cases, court filings, and claims information are available at the Debtors’ restructuring website: www.jndla.com/cases/katy.

Debtor in Possession Financial Statements: The financial statements and supplemental information contained in this Monthly Operating Report are unaudited, preliminary, and may not comply with generally accepted accounting principles in the United States of America (“U.S. GAAP”) in all material respects.

Financial Accounting Standards Board Accounting Standards Codification 852 (Reorganizations) (“ASC 852”), which is applicable to companies in chapter 11, requires that financials for periods after the filing of a chapter 11 petition distinguish transactions and events that are directly associated with the reorganization from the ongoing operations of the business. The financial statements have been prepared in accordance with ASC 852. The unaudited financial statements have been derived from the books and records of the Debtors. This information, however, has not been subject to procedures that would typically be applied to financial information presented in accordance with U.S. GAAP, and upon application of such procedures, the Debtors believe that financial information could be subject to change that can be material. The Debtors, however, are not required to update this Monthly Operating Report to reflect more current facts or estimates, or upon the occurrences of future events, including if the facts, estimates, or assumptions upon which this Monthly Operating Report is based change. The information furnished in this Monthly Operating Report includes preliminary normal recurring adjustments.

There can be no assurance that the consolidated financial information presented in this Monthly Operating Report is complete, and readers are strongly cautioned not to place reliance on this Monthly Operating Report, which was not prepared for the purpose of providing the basis for an investment decision relating to any of the securities of the Debtors.

The results of operations contained in this Monthly Operating Report are not necessarily indicative of results that may be expected from any other period or for the full year and may not necessarily reflect operations, financial position, or cash flows of the Debtors in the future. The Debtors do not make any representation to any person regarding the Debtors’ future results.

The information contained herein is provided to fulfill the requirements of the Office of the United States Trustee.

Fiscal Year: The Company operates and reports using a 4-4-5 fiscal year which always ends on December 31

Intercompany Transactions: Intercompany transactions between the Debtors and non-debtor affiliates have not been eliminated in the financial statement contained in this Monthly Operating Report. No conclusion as to the legal obligation related to these intercompany transactions is made by the presentation herein.

Revenue Recognition: Revenue is recognized for all sales, including sales to distributors, at the time the products are shipped and title has transferred to the customer, provided that a purchase order has been received or a contract has been executed, there are no uncertainties regarding customer acceptances, the sale price is fixed and determinable and collection is deemed probable. The operating Debtors’ standard shipping terms are FOB shipping point. Sales are net of provisions for returns, discounts, customer allowances (such as volume rebates) and cooperative advertising allowances. The Debtors’ sales arrangements do not typically contain standard right of return provisions or limit returns at a certain percentage of sales price or margin; however, in certain instances where a product may be returned, the Debtors recognize revenue only if all of the following conditions are met: a) the sale price is substantially fixed or determinable at date of sale; b) buyer has either paid or is obligated to pay the seller and the obligation is not contingent on resale of the product; c) buyer’s obligation to seller would not be changed in the event of theft or physical destruction of the product; d) buyer has economic substance apart from the seller; e) seller does not have significant obligations for future performance to directly bring about the resale of product by the buyer; and f) the amount of future returns can be reasonably estimated (i.e., defective/wrong products). The Debtors record discounts, customer allowances and cooperative advertising allowances as reductions of revenue, provisions for which are estimated on a periodic basis based on historic experience.

Accounts Receivable and Allowance for Doubtful Accounts: Trade accounts receivable are recorded at the invoiced amount and do not bear interest. The Debtors do not require collateral to secure accounts receivable. The allowance for doubtful accounts is the Debtors’ best estimate of the amounts of probable credit losses in their existing accounts receivable. The Debtors determine the allowance, in part, based on its historical write-off experience. The Debtors review their allowance for doubtful accounts quarterly, which includes a review of past due balances over 30 days. All other balances are reviewed on a pooled basis by market distribution channels. Account balances are charged off against the allowance when the Debtors determine it is probable the receivable will not be recovered. The Debtors do not have any off-balance-sheet credit exposure related to its customers.

Inventories: Inventories are stated at the lower of (i) cost or (ii) market value, and reserves are established for excess and obsolete inventory in order to ensure proper valuation of inventories. Inventoried costs include materials, labor and overhead. Approximately 67% the Debtors’ inventories were accounted for using the last-in, first-out (“LIFO”) method of costing, while the remaining inventories were accounted for using the first-in, first-out (“FIFO”) method. Current cost, as determined using the FIFO method, exceeded LIFO cost by $3.0 million.

Liabilities: As a result of the chapter 11 filings, the payment of prepetition indebtedness is subject to compromise or other treatment under a plan of reorganization or liquidation, as the case may be. The determination of how liabilities will ultimately be settled or treated cannot be made until the Bankruptcy Court approves a chapter 11 plan of reorganization or liquidation. Accordingly, the ultimate amount of such liabilities is not determinable at this time.

Reorganization Items: ASC 852 requires expenses and income directly associated with chapter 11 filings to be reported separately in the income statement as reorganization items. Reorganization items include expenses related to legal advisory and representation services, other professional consulting and advisory services, debtor in possession financing fees and changes in liabilities subject to compromise recognized as there are changes in amounts expected to be allowed as claims.

UNITED STATES BANKRUPTCY COURT

DISTRICT OF DELAWARE

*In re: Katy Industries, Inc., et al.*	Case No. 17-11101 (KJC)
Debtors	Reporting Period: Petition Date to May 26, 2017

CONSOLIDATED SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

LEGAL ENTITIES

				Continental
	Katy			Commercial								Cumulative
	Industries,			Products,			Fort Wayne					from the
	Inc			LLC			Plastics, Inc		Total			Petition Date
CASH BEGINNING OF MONTH	$	—		$	1,970,075		$	34,898	$	2,004,973		$	2,004,973

RECEIPTS
COLLECTIONS OF ACCOUNTS RECEIVABLE	$	—		$	2,305,132		$	240,421	$	2,545,553		$	2,545,553
DIP LOAN PROCEEDS	4,312,500						0		4,312,500			4,312,500
INTER-COMPANY CASH TRANSFERS	(1,275,000		)	1,275,000					0			0
CASH COLLATERAL PROCEEDS	0			825,000			0		825,000			825,000
SALE OF ASSETS	0			0			0		0			0
OTHER (ATTACH LIST)	122			0			0		122			122
TRANSFERS FROM/(TO) DIP ACCTS	0						0		0			0
TRANSFERS TO/(FROM) CCP	4,220			(16,051		)	10,067		(1,764		)	(1,764		)
TOTAL RECEIPTS	$	3,041,842		$	4,389,081		$	250,488	$	7,681,411		$	7,681,411

DISBURSEMENTS
INVENTORY & COMPONENTS	$	—		$	998,907		$	33,991	$	1,032,899		$	1,032,899
PAYROLL & TAXES	0			484,712			0		484,712			484,712
TEMPORARY SERVICES	4,220			2,474			14,003		20,696			20,696
EMPLOYEE BENEFITS	51,172			9,989			1,887		63,048			63,048
RENTS	0			10,674			0		10,674			10,674
UTILITIES	0			0			0		0			0
FREIGHT & LOGISTICS	0			124,933			0		124,933			124,933
LEASES	0			0			0		0			0
COMMISSIONS	0			0			0		0			0
SUPPLIES & OTHER	0			53,735			18,194		71,929			71,929
GENERAL INSURANCE	0			0			0		0			0
OTHER	0			9,000			0		9,000			9,000
PRE-PETITION CLAIMS	0			126,514			1,341		127,854			127,854
INTEREST & FEES	0			204,209			0		204,209			204,209
TRANSFERS TO REVOLVING LOC	0			2,228,340			177,132		2,405,472			2,405,472
				0					0			0
	$	55,392		$	4,253,486		$	246,547	$	4,555,426		$	4,555,426
												0
PROFESSIONAL FEES-Schedule Attached	0			0			0		0			0
U.S. TRUSTEE QUARTERLY FEES	0			0			0		0			0
COURT COSTS	0			0			0		0
TOTAL DISBURSEMENTS	$	55,392		$	4,253,486		$	246,547	$	4,555,426		$	4,555,426

NET CASH FLOW
(RECEIPTS LESS DISBURSEMENTS)	$	2,986,450		$	135,595		$	3,941	$	3,125,985		$	3,125,985

CASH - END OF MONTH	$	2,986,450		$	2,105,669		$	38,839	$	5,130,958		$	5,130,958

TOTAL DISBURSEMENTS
LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS									$	4,555,426
PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. from escrow accounts)									(2,405,472		)
TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES									0
									$	2,149,953.83

UNITED STATES BANKRUPTCY COURT

DISTRICT OF DELAWARE

*In re: Katy Industries, Inc., et al* .**	Case No. 17-11101 (KJC)
Debtors	Reporting Period: Petition Date to May 26, 2017

CONSOLIDATING SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

BANK	RABOBANK							BMO Harris
ACCOUNT NO	1166		1167			1168		9460			8357
	Professional Fee										Accounts
ACCOUNT NAME	Escrow		DIP Account			Utility Escrow		UMR Insurance			Payable		Total

CASH BEGINNING OF MONTH	$	—	$	—		$	—	$	—		$	—	$	—

RECEIPTS
COLLECTIONS OF ACCOUNTS RECEIVABLE													0
DIP LOAN PROCEEDS			4,312,500										4,312,500
CASH COLLATERAL PROCEEDS													0
SALE OF ASSETS													0
OTHER (ATTACH LIST)								122					122.20
TRANSFERS FROM CCP											4,219.74		4,219.74
TRANSFERS FROM/(TO) DIP ACCTS	470,000		(620,000		)	150,000							0
													0
TOTAL RECEIPTS	$	470,000	$	3,692,500		$	150,000	$	122		$	4,219.74	$	4,316,842

DISBURSEMENTS
INVENTORY & COMPONENTS													0.00
PAYROLL & TAXES													0
TEMPORARY SERVICES											4,219.74		4,220
EMPLOYEE BENEFITS								51,172					51,172
RENTS													0
UTILITIES													0
FREIGHT & LOGISTICS													0
LEASES													0
COMMISSIONS													0
SUPPLIES & OTHER													0
GENERAL INSURANCE													0
OTHER (ATTACH LIST)													0
PRE-PETITION CLAIMS													0
INTEREST & FEES													0
TRANSFERS REVOLVING LOC													0
			1,275,000										1,275,000
	$	—	$	1,275,000		$	—	$	51,172		$	4,220	$	1,330,392

PROFESSIONAL FEES-Schedule Attached													0
U.S. TRUSTEE QUARTERLY FEES													0
COURT COSTS													0
TOTAL DISBURSEMENTS	$	—	$	1,275,000		$	—	$	51,172		$	4,220	$	1,330,392

NET CASH FLOW
(RECEIPTS LESS DISBURSEMENTS)	$	470,000	$	2,417,500		$	150,000	$	(51,050	)	$	—	$	2,986,450


CASH - END OF MONTH	$	470,000	$	2,417,500		$	150,000	$	(51,050	)	$	—	$	2,986,450	$	—

UNITED STATES BANKRUPTCY COURT

DISTRICT OF DELAWARE

*In re: Katy Industries, Inc., et al* .**	Case No. 17-11101 (KJC)
Debtors	Reporting Period: Petition Date to May 26, 2017

CONSOLIDATING SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

BANK	BMO Harris
ACCOUNT NO	8892		8224			2407		8918			9394		9386
								CCP Account			CENTREX
ACCOUNT NAME	Lockbox		Operating			Cash Collateral		Payable			Accounts Payable		Payroll		Total

CASH BEGINNING OF MONTH	$	331,295	$	171,788		$	1,466,991	$	—		$	—	$	—	$	1,970,075

RECEIPTS
COLLECTIONS OF ACCOUNTS RECEIVABLE	$	2,305,132													2,305,132
TRANSFERS FROM DIP ACCOUNT			1,275,000												1,275,000
CASH COLLATERAL PROCEEDS			825,000												825,000
SALE OF ASSETS															0
OTHER (ATTACH LIST)															0
FUNDS TRANSFER			(1,417,152		)			1,024,198					78,214		(16,051		)
															0
TOTAL RECEIPTS	$	2,305,132	$	682,848		$	—	$	1,024,198		$	—	$	78,214	$	4,389,081

DISBURSEMENTS
INVENTORY & COMPONENTS			$	226,074				$	772,833						$	998,907
PAYROLL & TAXES			107,809					0					78,214		484,712
TEMPORARY SERVICES								2,474							2,474
EMPLOYEE BENEFITS								9,989							9,989
RENTS								10,674							10,674
UTILITIES								0							0
FREIGHT & LOGISTICS								124,933							124,933
LEASES								0							0
COMMISSIONS								0							0
SUPPLIES & OTHER			15,535					38,199							53,735
GENERAL INSURANCE															0
OTHER (ATTACH LIST)			9,000												9,000
PRE-PETITION CLAIMS								126,514							126,514
INTEREST & FEES			204,209												204,209
TRANSFERS REVOLVING LOC	2,228,340														2,228,340
															0.00
	$	2,228,340	$	562,628		$	—	$	1,085,616		$	—	$	78,214	$	4,253,486

PROFESSIONAL FEES-Schedule Attached															0
U.S. TRUSTEE QUARTERLY FEES															0
COURT COSTS															0
TOTAL DISBURSEMENTS	$	2,228,340	$	562,628		$	—	$	1,085,616		$	—	$	78,214	$	4,253,486

NET CASH FLOW
(RECEIPTS LESS DISBURSEMENTS)	$	76,792	$	120,220		$	—	$	(61,418	)	$	—	$	—	$	135,595

CASH - END OF MONTH	$	408,087	$	292,008		$	1,466,991	$	(61,418	)	$	—	$	—	$	2,105,669		$	—

OTHER DISBURSEMENTS
Ordinary Course Professionals			$	9,000											$	9,000

	$	—	$	9,000.00				$	—		$	—	$	—	$	9,000

UNITED STATES BANKRUPTCY COURT

DISTRICT OF DELAWARE

In re: Katy Industries, Inc., et al	Case No. 17-11101 (KJC)
Debtors	Reporting Period: Petition Date to May 26, 2017

CONSOLIDATING SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

BANK	BMO Harris
ACCOUNT NO	1654				1639			1670
								Account
ACCOUNT NAME	Lockbox		Petty Cash		Operating			Payable			Total

CASH BEGINNING OF MONTH	$	34,000	$	899	$	—		$	—		$	34,898

RECEIPTS
COLLECTIONS OF ACCOUNTS RECEIVABLE	$	240,421									$	240,421
DIP LOAN PROCEEDS											0
CASH COLLATERAL PROCEEDS											0
SALE OF ASSETS											0
OTHER (ATTACH LIST)											0
TRANSFERS FROM/(TO) OPERATING ACCT					(10,067		)	10,067			0
TRANSFERS FROM CCP					10,067						10,067
TOTAL RECEIPTS	240,421		0		0			10,067			$	250,488.31

DISBURSEMENTS
INVENTORY & COMPONENTS								$	33,991		$	33,991
PAYROLL & TAXES								0			0
TEMPORARY SERVICES								14,003			14,003
EMPLOYEE BENEFITS								1,887			1,887
RENTS											0
UTILITIES											0
FREIGHT & LOGISTICS											0
LEASES											0
COMMISSIONS											0
SUPPLIES & OTHER								18,194			18,194
GENERAL INSURANCE											0
OTHER (ATTACH LIST)											0
PRE-PETITION CLAIMS								1,341			1,341
INTEREST & FEES											0
TRANSFERS REVOLVING LOC	177,132										177,132

	$	177,132	$	—	$	—		$	69,416		$	246,547

PROFESSIONAL FEES-Schedule Attached											0
U.S. TRUSTEE QUARTERLY FEES											0
COURT COSTS											0
TOTAL DISBURSEMENTS	$	177,132	$	—	$	—		$	69,416		$	246,547

NET CASH FLOW
(RECEIPTS LESS DISBURSEMENTS)	$	63,289	$	—	$	—		$	(59,348	)	$	3,941

CASH - END OF MONTH	$	97,289	$	899	$	—		$	(59,348	)	$	38,839	$	—

UNITED STATES BANKRUPTCY COURT
DISTRICT OF DELAWARE

In re: Katy Industries, Inc., *et al.*	Case No. 17-11101 (KJC)
Debtors	Reporting Period: Petition Date to May 26, 2017

DECLARATION REGARDING THE STATUS OF BANK RECONCILIATIONS OF THE DEBTORS

Robert W. Zimmer hereby declares under penalty of perjury:

1.		I am the Chief Financial Officer of Katy Industries, Inc., one of the debtors in these chapter 11 cases (the “Debtors”). In that capacity, I am familiar with the day-to-day operations, business affairs, and books and records of the Debtors. I am authorized to submit this Declaration on behalf of the Debtors.

2.		All statements in the Declaration are based on my personal knowledge, my review of the relevant documents, my discussions with other employees of the Debtors, or my opinion based upon my experience and knowledge of the Debtors’ operations and financial condition. If I were called upon to testify, I could and would testify to each of the facts set forth based on such personal knowledge, review of documents, discussions with other employees of the Debtors, or opinion.

3.		To the best of my knowledge, the Debtors’ bank balances as of May 27, 2017, have been reconciled in an accurate and timely manner.


Dated: June 30, 2017		Respectfully submitted,

		/s/ Robert W. Zimmer
		By: Robert W. Zimmer
		Title: Chief Financial Officer

UNITED STATES BANKRUPTCY COURT

DISTRICT OF DELAWARE

*In re: Katy Industries, Inc., et al.*		Case No. 17-11101 (JKC)
	Debtors	Reporting Period: Petition Date to May 26, 2017

SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID

This schedule is to include all retained professional payments from case inception to current month.

				Check		Amount Paid
Payee	Period Covered	Amount Approved	Payor	Number	Date	Fees		Expenses		Expenses

DLA Piper LLP			Katy Industries, Inc			$	—	$	—	$	—
Lincoln International LLC			Katy Industries, Inc			$	—	$	—	$	—
SierraConstellation Partners LLC			Katy Industries, Inc			0		$	—	$	—
Sitrick and Company			Katy Industries, Inc			0		$	—	$	—
JND Corporate Restructuring			Katy Industries, Inc			0		$	—	$	—

						0		$	—	$	—

UNITED STATES BANKRUPTCY COURT

DISTRICT OF DELAWARE

*In re: Katy Industries, Inc., et al* .**		Case No. 17-11101 (JKC)
	Debtors	Reporting Period: Petition Date to May 26, 2017

Schedule of Bank Reconciliations

						Less -
		Account		Balance per		Outstanding						Balance per
Company	Bank	Number	Account Name	Bank		Checks			Amount			General Ledger

Katy Industries, Inc.
			Professional Fee
	Rabobank	1166	Escrow	$	470,000							$	470,000
	Rabobank	1167	DIP Account	2,417,500								2,417,500
	Rabobank	1168	Utility Escrow	150,000								150,000
				$	3,037,500	$	—		$	—		$	3,037,500

	BMO Harris	9460	UMR Insurance	122		(51,050		)	(122		)	(51,050		)
	BMO Harris	8357	Accounts Payable	0		0						0
				$	122	$	(51,050	)	$	(122	)	$	(51,050	)
				$	3,037,622	$	(51,050	)	$	(122	)	$	2,986,450

Continental Commercial Products, LLC
	BMO Harris	8224	Operating Account	$	292,008							$	292,008
	BMO Harris	2407	Cash Collateral	1,466,991								1,466,991
	BMO Harris	8892	Lockbox	408,087								408,087
	BMO Harris	8918	Accounts Payable	0		(61,418		)				(61,418		)
	BMO Harris	9386	Payroll	0								0
	BMO Harris	9394	Accounts Payable	0								0
	BMO Harris	9452	Payroll	0								0
				$	2,167,087	$	(61,418	)	$	—		$	2,105,669

Fort Wayne Plastics, Inc
	BMO Harris	1639	Operating Account	$	—							$	—
	BMO Harris	1654	Lockbox	97,289								97,289
	BMO Harris	1670	Accounts Payable	0		(59,348		)				(59,348		)
	Petty Cash			899								899
				$	98,187	$	(59,348	)	$	—		$	38,839

UNITED STATES BANKRUPTCY COURT

DISTRICT OF DELAWARE

*In re: Katy Industries, Inc., et al* .**		Case No. 17-11101 (KJC)
Debtors		Reporting Period: Petition Date to May 26, 2017

CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited)

				Cumulative
	Period			Filing to Date
REVENUES
Net sales	$	2,571,565		$	2,571,565
Cost of Goods Sold	2,427,665			2,427,665
Gross Margin	$	143,900		$	143,900
Selling & Administration
Selling Expenses	$	150,642		$	150,642
Administrative Expenses	477,442			477,442
Total Selling & Administrative Expense	$	628,084		$	628,084
Operating Profit/(Loss)	$	(484,184	)	$	(484,184	)
Non-operating (Income)/expense
Interest Expense	$	512,890		$	512,890
Interest Income	0			0
Other (Income)/Expense	(4,702		)	(4,702		)
Total non-operating	$	508,188		$	508,188
Net Profit (Loss) Before Reorganization Items	$	(992,372	)	$	(992,372	)
REORGANIZATION ITEMS
Professional Fees	$	—		$	—
U. S. Trustee Quarterly Fees	0			0
Gain (Loss) from Sale of Equipment	0			0
Other Reorganization Expenses	52,940			52,940
Total Reorganization Expenses	$	52,940		$	52,940
Income Taxes	0			0
Net Income/(Loss)	$	(1,045,312	)	$	(1,045,312	)

UNITED STATES BANKRUPTCY COURT

DISTRICT OF DELAWARE

*In re: Katy Industries, Inc., et al* .**	Case No. 17-11101 (KJC)
Debtors	Reporting Period: Petition Date to May 26, 2017

CONSOLIDATING STATEMENT OF OPERATIONS (Unaudited)

							17-11101			17-11102			See MOR-2b
										Continental			Consolidated Fort
							Katy Industries,			Commercial			Wayne Holdings,
Case No:	Consolidated			Eliminations			Inc			Products, LLC			Inc
REVENUES
Net Sales	$	2,571,565		$	(106,567	)	$	—		$	2,362,406		$	315,726
Cost of Goods Sold	2,427,665			(106,567		)				2,305,242			228,990
Gross Margin	$	143,900		$	—		$	—		$	57,164		$	86,736
Selling & Administration
Selling expense	$	150,642								$	148,044		$	2,598
Administrative Expense	477,442						139,134			299,828			38,480
Total Selling & Administrative Expense	$	628,084		$	—		$	139,134		$	447,872		$	41,078
Operating Profit/(Loss)	$	(484,184	)	$	—		$	(139,134	)	$	(390,708	)	$	45,658
Non-operating (Income)/expense
Interest Expense	$	512,890								$	512,890		$	—
Interest Income	0												0
Other (Income)/Expense	(4,702		)							(4,702		)	0
Total non-operating	508,188			0			0			508,188			$	—
Net Profit (Loss) Before Reorganization Items	$	(992,372	)	$	—		$	(139,134	)	$	(898,896	)	$	45,658
REORGANIZATION ITEMS
Professional Fees	$	—											$	—
U. S. Trustee Quarterly Fees	0												0
Gain (Loss) from Sale of Equipment	0												0
Other Reorganization Expenses	52,940						50,000			2,940			0
Total Reorganization Expenses	$	52,940		$	—		$	50,000		$	2,940		$	—
Income Taxes	0			0			0			0			0
Net Income/(Loss)	$	(1,045,312	)	$	—		$	(189,134	)	$	(901,836	)	$	45,658

UNITED STATES BANKRUPTCY COURT

DISTRICT OF DELAWARE

*In re: Katy Industries, Inc., et al* .**	Case No. 17-11101 (KJC)
Debtors	Reporting Period: Petition Date to May 26, 2017

CONSOLIDATING STATEMENT OF OPERATIONS-FORT WAYNE HOLDINGS, Inc. & SUBSIDIARY

(Unaudited)

					17-11103		17-11104
	Consolidated Fort
	Wayne Holdings,				Fort Wayne		Fort Wayne
Case No:	Inc		Eliminations		Holdings, Inc.		Plastics, Inc.
REVENUES
Net Sales	$	315,726	$	—	$	—	$	315,726
Cost of Sales	228,990		0		0		228,990
Gross Margin	$	86,736	$	—	$	—	$	86,736
Selling & Administration
Selling Expense	$	2,598					$	2,598
Administrative Expense	38,480						38,480
Total Selling & Administrative Expense	$	41,078	$	—	$	—	$	41,078
Operating Profit/(Loss)	$	45,658	$	—	$	—	$	45,658
Non-operating (Income)/expense
Interest Expense	$	—
Interest Income	0
Other (Income)/Expense	0
Total non-operating	$	—	$	—	$	—	$	—
Net Profit (Loss) Before Reorganization Items	$	45,658	$	—	$	—	$	45,658
REORGANIZATION ITEMS
Professional Fees	$	—
U. S. Trustee Quarterly Fees	0
Gain (Loss) from Sale of Equipment	0
Other Reorganization Expenses	0
Total Reorganization Expenses	$	—	$	—	$	—	$	—
Income Taxes	0		0		0		0
Net Income/(Loss)	$	45,658	$	—	$	—	$	45,658

UNITED STATES BANKRUPTCY COURT

DISTRICT OF DELAWARE

In re: Katy Industries, Inc., *et al .*	Case No. 17-11101 (KJC)
Debtors	Reporting Period: Petition Date to May 26, 2017

CONSOLIDATING STATEMENT OF OPERATIONS-INACTIVE SUBSIDIARIES (Unaudited)

			17-11105		17-11106		17-11107		17-11108		17-11109		17-11110		17-11111		17-11112		17-11113		17-11114
Case No:	Inactive Subsidiaries		Wabash Holding Corp		Katy Teweh, Inc.		Wll, Inc.		TTI, Holdings		GCW, Inc.		Hermann Lowenstein Inc.		American Gage & Machining Company		WP Liquidating Corp		Ashford Holding Corp		HPMI, Inc.
REVENUES
Net Sales	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
COST OF GOODS SOLD
Cost of Sales	0		0		0		0		$	—	$	—	$	—	$	—	$	—	$	—	$	—
Gross Margin	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Selling & Administration
Selling Expense	$	—
Administrative Expense	0
Total Selling & Administrative Expense	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Operating Profit/(Loss)	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Non-operating (Income)/expense
Interest Expense	$	—
Interest Income	0
Other (Income)/Expense	0
Total non-operating	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Net Profit (Loss) Before Reorganization Items	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
REORGANIZATION ITEMS
Professional Fees	$	—
U.S. Trustee Quarterly Fees	0
Gain (Loss) from Sale of Equipment	0
Other Reorganization Expenses	0
Total Reorganization Expenses	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Income Taxes	0		0		0		0		0		0		0		0		0		0		0
Net Income/(Loss)	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

UNITED STATES BANKRUPTCY COURT

DISTRICT OF DELAWARE

In re: Katy Industries, Inc., et al.	Case No. 17-11101 (KJC)
Debtors	Reporting Period: Petition Date to May 26, 2017

CONSOLIDATED BALANCE SHEET (Unaudited)

				Petition
	26-May-17			Date
ASSETS
CURRENT ASSETS
Unrestricted Cash and Equivalents	$	5,130,958		$	2,004,972
Accounts Receivable (Net)	7,437,144			7,879,871
Notes Receivable	0			0
Inventories, net	6,607,509			6,711,037
Prepaid Expenses	1,192,726			414,869
Net Inter-company accounts	216,918			174,499
Other Current Assets (attach schedule)	681,341			580,435
*TOTAL CURRENT ASSETS*	$	21,266,596		$	17,765,683
PROPERTY AND EQUIPMENT
Land and improvements	$	285,129		$	285,129
Buildings and improvements	6,897,720			6,897,720
Machinery and equipment	44,696,063			44,706,564
Less Accumulated Depreciation	(36,620,417		)	(36,533,567		)
*TOTAL PROPERTY & EQUIPMENT*	$	15,258,495		$	15,355,846
OTHER ASSETS
Goodwill, net	$	24,284,326		$	24,318,535
Lease Deposits	200,449			200,449
Notes Receivable	609,597			608,519
Other intangible assets, net	7,906,749			7,785,688
Investment in unconsolidated subsidiaries	18,966,005			18,966,005
*TOTAL OTHER ASSETS*	$	51,967,126		$	51,879,196
TOTAL ASSETS	$	88,492,217		$	85,000,725

LIABILITIES AND OWNER EQUITY
*LIABILITIES*
*Current Liabilities*
Accounts Payable	$	21,820,754		$	21,369,781
Accrued Expenses	7,886,718			7,169,231
Accrued Compensation	676,546			657,737
Accrued Interest	122,528			52,885
*TOTAL CURRENT LIABILITIES*	$	30,506,546		$	29,249,634
*SECURED DEBT*
Revolver	$	16,146,834		$	13,019,108
Senior Term Notes	6,510,000			6,510,000
Subordinated Debt	36,876,828			36,718,401
Capital Leases	351,447			351,447
Shareholder Notes	323,529			321,168
Total Secured Debt	$	60,208,638		$	56,920,124
NON-CURRENT LIABILITIES
Post retirement benefits	$	1,434,147		$	1,203,156
Deferred Compensation	502,414			499,624
Deferred taxes	122,000			122,000
GAAP Lease Obligations	5,600,708			5,843,111
*TOTAL NON-CURRENT LIABILITIES*	$	7,659,269		$	7,667,891
*TOTAL LIABILITIES*	$	98,374,453		$	93,837,649

*SHAREHOLDERS EQUITY*
Convertible Preferred Stock	$	108,256,190		$	108,256,190
Common Stock	9,822,204			9,822,204
Additional Paid-In Capital	31,148,825			31,148,825
Accumulated other comprehensive loss	(651,660		)	(651,660		)
Retained Earnings - Pre-Petition	(135,975,781		)	(135,975,781		)
Retained Earnings - Postpetition	(1,045,312		)	0
Treasury Stock	(21,436,702		)	(21,436,702		)
*TOTAL SHAREHOLDERS EQUITY*	$	(9,882,236	)	$	(8,836,924	)
TOTAL LIABILITIES AND OWNERS’ EQUITY	$	88,492,217		$	85,000,725
	0			0

UNITED STATES BANKRUPTCY COURT

DISTRICT OF DELAWARE

In re: Katy Industries, Inc., et al.

Case No. 17-11101 (KJC)

Debtors

CONSOLIDATING BALANCE SHEET (Unaudited)

As of May 26, 2017

17-11101

17-11102

See MOR-3b

See MOR-3c

Continental

Consolidated Fort

Katy Industries,

Commercial

Wayne Holdings,

Inactive

Consolidated

Eliminations

Inc

Products, LLC

Inc

Subsidiaries

KATY INDUSTRIES INC 8-K