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USA Synthetic Fuel posts June net loss of $141,691, zero net revenue
By Mark Reccek
Bethlehem, Pa., Sept. 29 – USA Synthetic Fuel Corp. reported a net loss of $141,691 for June on zero net revenue, according to its monthly operating report filed Sept. 28 with the U.S. Bankruptcy Court for the District of Delaware.
For May the company had a net loss of $42,568, also on zero net revenue.
The company also held cash and cash equivalents of $377,786 for June, down from $481,008 as of May 31.
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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