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Glacial Energy shows March net loss of $3,235 on zero revenue
By Kali Hays
New York, May 20 – Glacial Energy Holdings, Inc. posted a net loss of $3,235 for March on zero revenue, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.
In comparison, Glacial reported $908 of net income for February on $24,712 in revenue.
The company had $57 in cash as of March 31, down from $69,381 at the end of February.
Glacial Energy, a Sandwich, Mass.-based electricity and natural gas company, filed for bankruptcy on April 10, 2014. The Chapter 11 case number is 14-10833.
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