GreenTech Automotive posts $127,103 operating loss for March

By Sarah Lizee

Olympia, Wash., May 22 – GreenTech Automotive Inc. reported a $127,103 operating loss for March on zero net operating revenue, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the Eastern District of Virginia.

In comparison, GreenTech posted a $192,971 operating loss for February on $19,042 in net operating revenue.

The net loss for March was $483,538, compared to a $99,190 net loss for February.

The company had $199,002 in cash and cash equivalents as of March 31, down from $208,341 at the end of February.

GreenTech is a Sterling, Va.-based electric vehicle manufacturer. The company filed for bankruptcy on Feb. 26, 2018 under Chapter 11 case number 18-10651.

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