TSIC net loss grows to $3.15 million in December

By Caroline Salls

Pittsburgh, Jan. 20 - TSIC, Inc.'s net loss widened to $3.15 million in December from the $540,626 net loss posted in November, according to its monthly operating report filed Tuesday with the Securities and Exchange Commission.

The company reported zero revenues in both December and November.

TSIC had $5.57 million in cash and cash equivalents as of Dec. 31, compared with $4.08 million at the end of November.

TSIC, a San Francisco-based specialty retailer formerly known as Sharper Image Corp., filed for bankruptcy on Feb. 19, 2008 in the U.S. Bankruptcy Court for the District of Delaware. Its Chapter 11 case number is 08-10322.

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