▁a ▁motion ▁for ▁a ▁stay ▁of ▁judgment ▁pending ▁appeal ▁and ▁accomp any ing ▁aff id av its ▁file d ▁in ▁the ▁Bol lea ▁v . ▁G aw ker ▁case ▁in ▁Florida ▁state ▁court . ▁In ▁the ▁fil ings , ▁the ▁company ▁stated ▁that ▁it ▁could ▁not ▁afford ▁to ▁pay ▁the ▁$ 1 4 0 . 1 ▁million ▁judgment ▁or ▁the ▁$ 5 0 ▁million ▁appeal ▁bond . ▁The ▁company ' s ▁balance ▁sheet ▁at ▁the ▁time ▁reflected ▁total ▁assets ▁of ▁$ 3 3 . 8 ▁million ▁($ 5 . 3 ▁million ▁c ash , ▁$ 1 1 . 9 ▁million ▁accounts ▁rece iv able , ▁$ 1 2 . 5 ▁million ▁fixed ▁assets ), ▁total ▁current ▁li abilities ▁of ▁$ 2 7 . 7 ▁million ; ▁and ▁total ▁long - term ▁li abilities ▁of ▁$ 2 2 . 8 ▁million . ▁A ▁bond ▁bro ker ▁stated ▁in ▁an ▁aff id av it ▁that ▁the ▁company ' s ▁book ▁value ▁was ▁$ 1 0 ▁million . ▁ ▁In ▁June ▁ 2 0 1 6 , ▁at ▁the ▁time ▁of ▁the ▁company ' s ▁fil ing ▁for ▁bank rupt cy , ▁D ent on ▁had ▁a ▁ 2 9 . 5 2 % ▁st ake ▁in ▁the ▁G aw ker ▁Media ▁Group , ▁and ▁his ▁family ▁had ▁another ▁st ake ▁through ▁a ▁trust . ▁ ▁History ▁G aw ker ▁Media ▁was ▁incorpor ated ▁in ▁Budapest , ▁Hung ary , ▁where ▁a ▁small ▁company ▁facility ▁is ▁still ▁maintained . ▁The ▁company ▁was ▁head qu arter ed