v3.3.0.814

STATEMENTS OF NET ASSETS AVAILABLE FOR LIQUIDATION	Sep. 30, 2015 USD ($)	Dec. 31, 2014 USD ($)
Assets
Cash and cash equivalents	$ 749,630	$ 1,775,609
Cash held in escrow	2,051,854
Professional retainers	271,000	$ 271,000
Total assets	3,072,484	2,046,609
Liabilities
Payables and accrued liabilities	243,242	743,023
Estimated costs to complete liquidation	1,222,240	922,566
Total liabilities	1,465,482	1,665,589
Net assets in liquidation	$ 1,607,002	$ 381,020

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

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Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

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SHENGDATECH LIQUIDATING TRUST 10-Q