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Northeast Biofuels posts $2.04 million July net loss on zero sales
By Alice Popovici
New York, Aug. 20 - Northeast Biofuels, LP reported a $2.04 million net loss for July on zero revenues, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the Northern District of New York.
The company posted $112.53 million net loss for June, also on zero revenues.
Northeast Biofuels had $15.24 million in cash and cash equivalents at July 31, little changed from $15.35 million at the end of June.
Northeast Biofuels filed for bankruptcy on Jan. 14, 2009. Its Chapter 11 case number is 09-30057.
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