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Northeast Biofuels records $1.84 million net loss in November
By Caroline Salls
Pittsburgh, Dec. 18 - Northeast Biofuels, LP had a $1.84 million net loss for November on zero revenues, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the Northern District of New York.
The company posted a $2 million net loss for October, also on zero revenues.
Northeast Biofuels had $14.44 million in cash and cash equivalents at Nov. 30, up slightly from $14.43 million at the end of October.
Northeast Biofuels is based in Fulton, N.Y., and filed for bankruptcy on Jan. 14, 2009. Its Chapter 11 case number is 09-30057.
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