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USA Synthetic Fuel shows April net loss of $132,484 on zero net sales
By Kali Hays
New York, June 5 – USA Synthetic Fuel Corp. reported a net loss of $132,484 for April on zero net revenue, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.
The company also held cash and cash equivalents of $525,248 as of April 30.
Cincinnati-based USA Synthetic is a provider of clean energy systems. The company filed for bankruptcy on March 17 in the U.S. Bankruptcy Court for the District of Delaware. The Chapter 11 case number is 15-10599.
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