Receivers PKF Corporate Recovery and Insolvency say cash is still flowing into television production company Ninox, which made the show, but unsecured creditors such as TVNZ are almost certain to lose money.
The receivers have said Nino, which has been renamed Ninox NTV, went into receivership to avoid problems with a dysfunctional board.
TVNZ says it will not make a decision on another series until it has shown the one that it has "in the can" sometime next year.
Ninox went into receivership on February 26.
On March 5, director John McEwen reassured suppliers it had an exciting future.
But despite continued sales' revenue for Ninox series, including Sensing Murder, from overseas broadcasters and format rights to Dream Home, there are no signs unsecured creditors owed $1,051,000 will recover any of their losses.
TVNZ is owed $200,000 after making an advance for the cut-short series Double Lives.
Ninox will not specify revenue from sale of the five series of Sensing Murder but it is believed to amount to $600,000.
PKF said the rights to make another Sensing Murder series would be up for sale.
There had been interest but no offers as yet.
In the receiver's first report, dated May 7, amounts receivable were estimated at $647,333.
PKF said that in the first instance this would be available to secured creditors.
These include the Ninox financial backer Gary Hannam, of Swiss-based company Tanlay AG, and a Tanlay settlement to the BNZ Bank.
About $200,000 is also owed to the Baldock Family Trust, related to the former Ninox director David Baldock, and to Philemon, whose directors include former Ninox director Pauline Downie.
Ninox was placed in receivership after an approach from Mr Hannam.
Mr Hannam, who produced films Smash Palace and The World's Fastest Indian, had more than $1 million invested in Ninox and has been a key player in New Zealand film finance.
