TSIC reports $148,115 net loss for May; company posts no revenues

By Lisa Kerner

Charlotte, N.C., June 16 - TSIC, Inc. reported a $148,115 net loss for May on zero revenues, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.

In comparison, the company posted a $148,791 net loss for April, also on zero revenues.

TSIC had $3.75 million in cash and cash equivalents at May 31, down from $4.02 million at the end of April.

TSIC, a San Francisco-based specialty retailer formerly known as Sharper Image Corp., filed for bankruptcy on Feb. 19, 2008. Its Chapter 11 case number is 08-10322.

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