AmBase posted a GAAP net loss of USD 736,000, narrowing 32.04% from a year earlier, with loss per share unchanged at USD 0.01.
Operating loss improved to USD 705,000 from USD 1.13 million, as operating expenses fell to USD 705,000 from USD 1.13 million.
Professional and outside services dropped to USD 391,000 from USD 787,000, while interest expense declined to USD 31,000 from USD 81,000.
Cash and cash equivalents rose to USD 98,000 from USD 87,000 at Dec. 31, while accounts payable and accrued liabilities fell to USD 1.89 million from USD 3.17 million.
Litigation funding agreements totaled USD 8 million at June 30, including USD 6 million with Richard A. Bianco and USD 2 million with BARC Investments.
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