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Published on 4/14/2011 in the Prospect News Distressed Debt Daily.

Former Sharper Image reports $88,797 net loss for March, zero revenues

By Caroline Salls

Pittsburgh, April 14 - TSIC, Inc. reported an $88,797 net loss for March on zero revenues, according to its monthly operating report filed April 14 with the U.S. Bankruptcy Court for the District of Delaware.

In comparison, the company posted a $32,746 net loss for February, also on zero revenues.

TSIC had $3.06 million in cash and cash equivalents at March 31, down from $3.21 million at the end of February.

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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