Former Sharper Image posts $42,330 December net loss, zero revenues

By Caroline Salls

Pittsburgh, Jan. 21 - TSIC, Inc. reported a $42,330 net loss for December on zero revenues, according to its monthly operating report filed Friday with the Securities and Exchange Commission.

In comparison, the company posted a $307,171 net profit for November, also on zero revenues.

TSIC had $3.24 million in cash and cash equivalents on Dec. 31, down from $3.83 million at the end of November.

TSIC, a San Francisco-based specialty retailer formerly known as Sharper Image Corp., filed for bankruptcy on Feb. 19, 2008 in the U.S. Bankruptcy Court for the District of Delaware. Its Chapter 11 case number is 08-10322.

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