WorldVentures posts $1.22 million net loss for May, zero revenue

By Sarah Lizee

Olympia, Wash., June 22 – Spherature Investments LLC, which does business as WorldVentures, reported a $1.22 million net loss on zero net revenue for the May period, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the Eastern District of Texas.

In comparison, the company posted a $611,405 net loss on zero net revenue for the April period.

The company had $337,738 in cash at the end of May, compared to $309,918 in cash at the end of April.

Plano, Tex.-based WorldVentures sells travel and lifestyle community memberships. The company filed bankruptcy on Dec. 21, 2020 under Chapter 11 case number 20-42492.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.