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Moonlight Basin reports July $554,609 net loss on $50,108 revenue
By Jim Witters
Wilmington, Del., Aug. 15 - Moonlight Basin Ranch LP reported a net loss of $554,609 on total revenue of $50,108 in July, according to documents filed Monday in the U.S. Bankruptcy Court for the District of Montana.
In June, the company reported net loss of $1.01 million on revenue of $1.125 million.
In its monthly report for the period ended July 31, the company reported a loss from operations of $129,389 on zero real estate revenue. By comparison, in June the company reported $483,262 loss from operations on development real estate sales of $1.075 million.
Moonlight Basin reported $1.06 million in cash on July 31, compared to $1.56 million on June 30.
Moonlight Basin, an Ennis, Mont., resort, filed for bankruptcy on Nov. 18, 2009. Its Chapter 11 case number is 09-62327.
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