American West Development reports $180,141 operating loss for May

By Caroline Salls

Pittsburgh, June 19 - American West Development, Inc. reported a $180,141 operating loss for May on $995,573 in total revenues, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Nevada.

The net loss for the month was $590,941.

The company had $1.97 million in cash and cash equivalents at May 31.

American West, a Las Vegas-based homebuilder, filed for bankruptcy on March 1. Its Chapter 11 case number is 12-12349.

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