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         T R O U B L E D   C O M P A N Y   R E P O R T E R

              Saturday, August 8, 2026, Vol. 30, No. 220

                            Headlines

CHARLES & COLVARD: June MOR Shows Cash Balance of $24,139

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CHARLES & COLVARD: June MOR Shows Cash Balance of $24,139
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Charles & Colvard, Ltd. filed a monthly operating report with the
U.S. Securities and Exchange Commission for the reporting period
June 1 to 30, 2026.

The Debtor operated with a cash loss during the period, with a
beginning cash balance of $28,573 as of June 1, 2026, total
receipts of $67,945, and total disbursements of $72,380, resulting
in an ending reconciled balance of $24,139 as of June 30, 2026.

The Debtor reported no unusual receipts during the month; and
disbursements outside the ordinary course consisted of normal
Workers' Compensation insurance premiums and routine Sales & Use
tax payments.  Accounts receivable totaled $204,539 at month end,
with $54,510 aged 121 days or older. Accounts payable (excluding
pre-petition amounts) totaled $409,301, including $64,398
outstanding 91 to 120 days, related primarily to the lease of the
Debtor's corporate office with SBP Office Owner LP/Trinity
Partners.

On June 22, 2026, the Debtor held a court-approved auction of its
assets pursuant to bid procedures approved on April 29, 2026, at
which AJS Creations submitted the winning bid of $2.7 million; the
Debtor is now working with counsel to formulate its Chapter 11
plan. The Debtor continued to draw on debtor-in-possession
financing from Van Lang Jewelry, LLC under the Court's March 25,
2026, interim order approving that facility. Total disbursements
for the second quarter of 2026 were $1,934,375, resulting in a
quarterly fee due of $17,409.38.

The Debtor certified that it was current on post-petition tax
obligations and administrative expenses, that its insurance
policies remained in full force and effect, and that it had not
paid pre-petition unsecured debts, compensated professionals
without prior court approval, or made transfers to officers or
insiders during the reporting period.

A copy of the monthly operating report is available at the SEC at:

                  https://tinyurl.com/mxs3uw6t

                   About Charles & Colvard Ltd.

Charles & Colvard Ltd. is a jewelry manufacturer known for its
lab-grown moissanite gemstones.

Charles & Colvard Ltd. sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D.N.C. Case No. 26-00969 on March 2,
2026. In its petition, the Debtor reports estimated assets and
liabilities between $1 million and $10 million each.

Judge David M Warren oversees the case.

The Debtor is represented by Rebecca Redwine Grow, Esq. and Jason
L. Hendren, Esq. of Hendren Redwine & Malone, PLLC.


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S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
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Pennsylvania, USA, and Beard Group, Inc., Philadelphia, Pa., USA.
Randy Antoni, Jhonas Dampog, Marites Claro, Joy Agravante,
Rousel Elaine Tumanda, Joel Anthony G. Lopez, Psyche A. Castillon,
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Peter A. Chapman, Editors.

Copyright 2026.  All rights reserved.  ISSN: 1520-9474.

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