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Published on 10/20/2011 in the Prospect News Distressed Debt Daily.

Former Sharper Image posts $123,818 September net loss, zero sales

By Jim Witters

Wilmington, Del., Oct. 20 - TSIC Inc. reported a net loss of $123,818 for September on zero revenue, according to the company's monthly operating report filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.

Those figures compare to a net loss of $110,682 on zero revenue reported for August.

The company also reported cash and cash equivalents of $2.205 million as of Sept. 30, down from $2.29 million on Aug. 31.

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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