Former Sharper Image net loss shrinks to $88,916 in May on zero sales

By Caroline Salls

Pittsburgh, June 9 - TSIC, Inc. reported an $88,916 net loss for May on zero revenues, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.

In comparison, TSIC posted an $89,293 net loss for April, also on zero revenues.

The company had $2.97 million in cash and cash equivalents at May 31, down from $3.01 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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