The US Bankruptcy Court gave an order approving the bidding procedures relating to the sale of substantially all the assets of Ecosphere Technologies, Inc. on April 8, 2019. The debtor has been authorized to sell its substantially all assets to the winning bidder at the auction. To qualify as a qualified bidder, interested parties should submit their bids by April 1, 2019, along with good faith deposit in the amount of $0.50 million. The debtor has scheduled an auction on April 17, 2019. The bidding at the Auction shall start in the amount of the highest and best Qualified Bid as disclosed by the Debtors to all Qualified Bidders prior to commencement of the Auction. Qualified Bidders shall be permitted to submit and raise their bids until all Qualified Bidders cease bidding and raising their bids. Each competing bid must be in increments of at least $0.10 million greater than the immediately preceding competing bid and each competing bid must be payable in Cash. By agreement of the Debtors and Brisben, Brisben will be able to credit bid in the amount of $6.90 million, which is the approximate amount of its claim. If Brisben successfully credit bids for the Assets, it shall pay $0.04 million to the Debtors’ bankruptcy estates at the Closing; and if Brisben does not successfully credit bid for the Assets it shall pay, by way of a carve-out from Brisben’s secured claim, one hundred and thirty-seven thousand, five hundred dollars and zero cents $0.14 million to the Debtors’ bankruptcy estates at the Closing. The sale hearing is scheduled for April 17, 2019. The sale is excepted to close on within 5 business days of the entry of the sale order.