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Former Sharper Image reports $187,997 April net loss on zero revenues
By Lisa Kerner
Charlotte, N.C., May 15 - TSIC Inc. reported a net loss of $187,997 for April on zero revenues, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.
In comparison, TSIC posted a $665,392 net loss for March, also on zero revenues.
The company had $1.26 million in cash and cash equivalents as of April 30, down from $1.33 million at the end of March.
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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