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Kid Brands marks October net loss of $214,683, revenue remains at zero
By Kali Hays
New York, Dec. 12 – Kid Brands, Inc. reported a net loss of $214,683 for October on zero revenue, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the District of New Jersey.
In comparison, Kid Brands posted a net loss of $4.15 million in September, also on zero revenue.
The company also had $650,719 in cash and cash equivalents as of Oct. 31, down from $660,159 at the end of September.
Kid Brands, an East Rutherford, N.J.-based designer, importer, marketer and distributor of infant and juvenile consumer products, filed for bankruptcy June 18 in the U.S. Bankruptcy Court for the District of New Jersey. The Chapter 11 case number is 14-22582.
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