The US Bankruptcy Court gave an order approving the sale of substantially all the assets of Crumbs Bake Shop, Inc. on August 27, 2014. The debtor has been authorized to sell substantially all its assets to Lemonis Fischer Acquisition Company, LLC, a joint venture created by Marcus Lemonis L.L.C. and Fischer Enterprises, L.L.C., the stalking horse bidder, for a purchase price of $6.50 million in credit bid. The debtor did not receive any other competing bids for the purchase of its assets and therefore Lemonis Fischer Acquisition Company emerged as the winning bidder.