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TSIC reports improved $372,422 net profit for June on zero sales
By Caroline Salls
Pittsburgh, July 14 - TSIC, Inc. reported a $372,422 net profit for June 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 $5,150 net profit for May, also on zero sales.
TSIC had $6.38 million in cash and cash equivalents at June 30, up from $5.90 million at the end of May.
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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