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Global Motorsport reports $36,609 December net loss
By Caroline Salls
Pittsburgh, Jan. 26 - Global Motorsport Group, Inc. reported a $36,609 December net loss on zero revenues, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the District of Delaware.
In November, the company posted a $116,730 net loss, also on zero revenues.
As of Dec. 31, the company had $240,827 of cash and cash equivalents, down from $240,955 at the end of November.
Global Motorsport, a Morgan Hill, Calif.-based wholesale distributor of aftermarket motorcycle parts and accessories, filed for bankruptcy on Jan. 31, 2008. Its Chapter 11 case number is 08-10192.
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