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FEGS posts $719,027 net loss in May on no revenues
By Sheri Kasprzak
New York, June 21 – Federation Employment Guidance and Service, Inc. (FEGS) reported a net loss of $719,027 in May on zero revenues, down slightly from the $730,284 net loss in April, according to a monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the Eastern District of New York.
FEGS had $8.13 million of cash and cash equivalents on hand as of May 31, down from $8.71 million at the end of April.
FEGS is a New York-based nonprofit health and human services organization that filed for bankruptcy on March 18, 2015. Its Chapter 11 case number is 15-71074.
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