TSIC posts $5,150 May net profit, no sales; cash totals $5.9 million

By Caroline Salls

Pittsburgh, June 23 - TSIC, Inc. reported a $5,150 net profit for May on zero sales, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Delaware.

In comparison, the company posted a $601,974 net loss for April, also on zero sales.

TSIC had $5.90 million in cash and cash equivalents at May 31, down slightly from $5.98 million at the end of April.

TSIC, a San Francisco-based specialty retailer formerly known as Sharper Image Corp., filed for bankruptcy on Feb. 19, 2008. Its Chapter 11 case number is 08-10322.

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