U.S. Energy Systems posts $24,510 May net loss on zero revenues

By Caroline Salls

Pittsburgh, June 10 - U.S. Energy Systems, Inc. reported a $24,510 net loss for May on zero operating revenues, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the Southern District of New York.

The figures showed a decline from the $229,443 net income posted in April on $229,443 of total operating revenues.

As of May 31, the company had $84,394 in operating cash, down from $139,305 at April 30.

U.S. Energy Systems, a New York-based owner of green power and clean energy and resources, filed for bankruptcy on Jan. 9, 2008. Its Chapter 11 case number is 08-10054.

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