EXHIBIT 99.1

UNITED STATES BANKRUPTCY COURT

DISTRICT OF DELAWARE

In re: TSIC, Inc. f/k/a Sharper Image Corporation		Case No. 08-10322 (KG)
		Reporting Period: 9/1/2012 – 9/30/2012

MONTHLY OPERATING REPORT

REQUIRED DOCUMENTS	Form No.	Document Attached	Explanation Attached
Schedule of Cash Receipts and Disbursements	MOR-1	Yes
Bank Reconciliation (or copies of debtor’s bank reconciliations)	MOR-1a	Refer to attached statement
Schedule of Professional Fees Paid	MOR-1b	Yes
Copies of Bank Statements	MOR-1c	Refer to attached statement
Cash Disbursements Journals	MOR-1d		Refer to MOR-1 for a summary of all cash disbursements.
Statements of Operations	MOR-2	Yes
Balance Sheet	MOR-3	Yes
Status of Postpetition Taxes	MOR-4	Yes	The attached information includes a summary of the company’s payroll taxes withheld and remitted for the month of September. The summary was provided by a third party payroll processing company.
Summary of Unpaid Postpetition Debts	MOR-5	Yes
Copies of IRS Form 6123 or payment receipt	MOR-5a	Yes	Refer to payroll taxes reports provided by third party.
Copies of tax returns filed during reporting period	MOR-5b	No
Listing of aged accounts payable	MOR-5c	Yes
Accounts Receivable Reconciliation and Aging	MOR-6	Yes
Debtor Questionnaire	MOR-6	Yes

I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief.

s/ Kevin J Palmer		October 15, 2012
Signature of Authorized Individual		Date


Kevin J Palmer		October 15, 2012
Printed Name of Authorized Individual		Date

FORM MOR

(04/07)

UNITED STATES BANKRUPTCY COURT

DISTRICT OF DELAWARE

Monthly Operating Report – September 2012

MOR – 1a, 1c, 5b

Bank Reconciliations

I attest that each of the debtor’s bank accounts is reconciled to monthly bank statements. The Company’s standard practice is to ensure that each bank account is reconciled to monthly bank statements for each calendar month within 30 days after the quarter end.

Sales and Use Tax Returns

I attest that all sales and use tax returns have been filed in accordance with state / county / city requirements for the above period. Any payments remitted have been incorporated into the Schedule of Cash Receipts and Disbursements at MOR-1.

__/s/ Kevin J Palmer_______________________

Kevin J Palmer

Vice President Finance & Controller

TSIC, Inc. f/k/a Sharper Image Corporation

MOR - 1
TSIC, Inc. f/k/a Sharper Image Corporation	Case No 08-10322 (KG)
September 2012 Monthly Operating Report	Reporting Period 9/1/2012 - 9/30/2012
Schedule of Cash Receipts and Disbursements for period 9/1/2012 to 9/30/2012

Account	Deposit	Disbursement	Disbursement	Concentration	Payroll	Payroll	Refund	Stores	All Other		DIP Facility	Disbursements
Bank	Wells Fargo	Wells Fargo	Wells Fargo	Wells Fargo	Wells Fargo	Wells Fargo	Wells Fargo	Various	Incl Sweep, Petty cash etc	Totals - Cash	Wells Fargo	Grand Total
GL A/c	140110	140120	140121	140100	140140	140122	140130	140210			276010
Bank A/c #	412-1375620	96-000-80161	412-1335681	412-1335681	96-000-80176	412-1335681	96-000-80195

Opening Balance	-	-	(6,915)	539	-	(76,558)	-	-	775,042	692,109	-

Receipts

Cash Sales (from stores)										-
Credit Card Settlements										-
Other Settlements (Paypal, Google etc)										-
Accounts Receivable (net of bounced checks)										-
Sale of Assets										-
Interest / Dividend Income				57						57
Tax Refunds Received										-
Collections from Vendors (debit balances, refunds, returned deposits, preference actions etc)										-
Mail Order / License deposits, Other Deposits / Stale checks				32						32

Total Receipts	-	-	-	90	-	-	-	-	-	90	-

Transfers

Line of Credit Draw / Pay down										-	-
Transfers from stores to deposit a/c - sweep										-
Transfers from concentration to refunds										-
Transfers from concentration to payroll										-
Other Inter-account transfers				77,598					(77,598)	0
Transfers from Concentration to Disbursement			47,030	(47,030)						-

Total Transfers	-	-	47,030	30,568	-	-	-	-	(77,598)	0	-

Total Receipts & Transfers	-	-	47,030	30,658	-	-	-	-	(77,598)	90	-

Disbursements (Reimbursements)

Liquidator Reimbursements (proceeds) - incl true up adjustments										-		N/A
Net Payroll				8,725						8,725		8,725
Payroll Taxes			94	4,782						4,876		4,876
401k										-		-
Employee Benefits (Health Insurance)										-		-
Sales, Use & Other Taxes										-		-
Inventory Purchases										-		-
Secured / Rental / Leases			8,674							8,674		8,674
Insurance										-		-
Administrative (utilities etc)			228	738						966		966
Selling										-		-
Bank / Credit Card Fees / Sales audit adjs										-		-
Refund checks issued (net of stop payments)										-		-
Other (incl prior period true up / reconciling journal entries)				16,951						16,951		16,951
Customs / Duties / Freight										-		-
Interest and LC fees										-		-
Professional Fees			37,071							37,071		37,071
Court Approved Settlements and claim payments			539							539		539
US Trustee Quarterly Fees										-		-
Court Costs										-		-

Total Disbursements	-	-	46,606	31,197	-	-	-	-	-	77,803	-	77,803

Net Cash Flow	-	-	424	(539)	-	-	-	-	(77,598)	(77,713)	-

Cash - End of Month	-	-	(6,491)	0	-	(76,558)	-	-	697,445	614,396	-

MOR - 1b
TSIC, Inc. f/k/a Sharper Image Corporation	Case No 08-10322 (KG)
September 2012 Monthly Operating Report	Reporting Period 9/1/2012 - 9/30/2012
Schedule of Professional Fees Paid

This schedule contains all retained / ordinary course professional payments from case inception to current month.

				Amount Paid Current Mth				Year (Case) to Date
Payee	Period Covered	Chk Number	Chk Date	Fees		Expenses		Fees		Expenses

Conway del Genio									1,740,000		227,303
Kurtzman Carson Consultants	7/1/2012-7/31/2012	700908	9/8/2012		13,190		16,336		940,524		750,574
Bell, Boyd & Lloyd LLP									54,626		209
Jackson Lewis LLP									22,726		1,242
Wiley Rein LLP									3,457		300
RCS Real Estate									50,000		-
Gemini									45,000		250
Cooley Godward Kronish LLP									1,219,735		30,317
Loughlin Meghji & Co.									352,742		823
Weil, Gotshal & Manges LLP									2,695,726		191,687
Winston Stawn									10,333		817
Womble Carlyle Sandridge & Rice									314,498		17,478
Comyns Smith (tax return preparation)		700907	9/8/2012		7,545				150,331		1,349
BDO Siedman (401 (k) auditor)									29,199		-
Brann & Isaacson									4,499		-
Alain Chappel (Privacy Ombudsperson)									18,900		300
KPMG									2,775		-
Whiteford Taylor Preston									21,635		3,516
Blumling & Gumsky									9,812		117
Hilco Real Estate									25,640		2,873
DJM Real Estate									25,639		15,863

			Grand Total		20,735		16,336		7,737,797		1,245,018

MOR - 2		Case No 08-10322 (KG)
TSIC, Inc. f/k/a Sharper Image Corporation		Reporting Period 9/1/2012 - 9/30/2012
September 2012 Monthly Operating Report
Statement of Operations for the period 9/1/2012 through 9/30/2012

	Full Month		CUM FILING
DESCRIPTION	9/30/2012		TO DATE

Revenues:
Gross Revenues				97,444,531
Less: Returns and Allowances				4,968,600
Net Revenue		-		92,475,931

Cost of Goods Sold:
Cost of Goods Sold - Inventory (incl inventory writedowns, shrink)		(32	)	95,061,140
Gross Profit		32		(2,585,209	)

Operating Expenses:
Advertising				1,280,460
Auto and Truck Expense				90
Bad Debts				3,417,758
Contributions				-
Employee Benefit Programs				(254,902	)
Insider Compensations				80,000
Insurance				1,763,683
Management Fees/ Bonuses				875,015
Office Expense				1,000
Pension & Profit-Sharing Plans				-
Repairs and Maintenance				1,082,977
Rent and Lease Expense		8,674		12,742,254
Salaries/ Commissions/ Fees		13,115		14,814,789
Supplies				(4,279	)
Taxes- Payroll		486		1,184,031
Taxes- Real Estate				(194	)
Taxes- Other				1,123,767
Travel and Entertainment				243,027
Utilities				620,906
Other (attach schedule)		8,511		8,581,995

Total Operating Exps Before Depr		30,787		47,552,377

Depreciation/Depletion/Amortization				3,136,341

Net Profit (Loss)
Before Other Income & Expenses		(30,754	)	(53,273,928	)

Other Income and Expenses:
Licensing Income				1,287,964
Interest Income (Expense) - incl change in Deferred Comp balance		57		(683,464	)
Other Income (Expense)				3,872,798

Net Profit (Loss)		(30,697	)	(48,796,629	)
Before Reorganization Items

Reorganization Items:
Professional Fees		29,526		12,605,031
US Trustee Quarterly Fees				93,900
Interest Earned on Accm Case				-
Loss (Gain) from sale of assets				59,041,448
Other Reorganization Exps (see attached)		-		(67,506,981	)

Total Reorganization Expenses		29,526		4,233,397

Net Profit (Loss)
Before Income Taxes (Benefit)		(60,223	)	(53,030,027	)

Income Taxes (Benefit)				(19,855,075	)

Net Profit (Loss)		(60,223	)	(33,174,951	)

Monthly P&L may include current month expenses plus monthly / quarterly

true ups, reconciling items or invoices/credits originating from prior periods

MOR - 2 (cont'd)
TSIC, Inc. f/k/a Sharper Image Corporation
OTHER EXPENSES
FOR THE PERIOD ENDING: 9/30/2012

	9/30/2012		Cum Filing to date
DESCRIPTION

Stock option 123R				75,439
Relocation				302,024
Recruiting and Class Ads				7,349
Temporary Help				101,361

Total- Personnel		-		486,173

Security				47,143
Telephone		228		842,941

Total- Occupancy		228		890,083

Credit Card Fees, chargebacks, bounced checks				856,955
Delivery Income				(915,380	)
Delivery Expense				1,303,807
Freight Out				1,731,105
Professional Fees		7,545		578,741
Financial Reporting				30,787
Postage & Other Freight				217,067
Internet Site Maintenance				414,062
Product Development				26,210
Telemrkt Contract Svcs				478,685
Miscellaneous Expense		738		2,483,235

Total- Other		8,283		7,205,273


Total		8,511		8,581,530

Other Reorganization Expenses

Write off prepaids / accruals				48,909
Write off "work in progress" fixed assets				3,053,199
Adjustment to reserve for sales returns				(13,913,495	)
Adjustment / writeoff of GAAP Rent and deferred landlord allowances				(21,901,381	)
Proceeds from sale of leases				(3,612,092	)
Clear prior quarter revenue recognition adjustments				(665,891	)
Net gain on sale of paper inventory				(60,608	)
Loss on sale or disposal of Inventory				249,335
Closed Store Operating Expenses not reimbursed by liquidator (note 1)				2,627,981
Settlement Discounts Allowed - Accounts Receivable				349,723
Proceeds from sale of Intellectual Property - per Asset Purchase Agreement				(32,200,000	)
Professional fees expenses and award paid to class counsel for gift card holders per court order
Settlement Discounts Received - Accounts Payable				(1,766,482	)

Stalking Horse Expenses				88,375

		-		(67,502,231	)

* - Professional fees in "other expenses" exclude expenses

related to Chapter 11 filing which are reported as a separate

line item on Statement of Operations

Note 1 - Per Agency agreement, some operating expenses were capped or on a per diem basis. Specifically, for all closed stores, a full month of rent

was paid pursuant to bankruptcy regulations but company was reimbursed by agent only for the days that the store was open.

MOR - 3
TSIC, Inc. f/k/a Sharper Image Corporation			Case No 08-10322 (KG)
September 2012 Monthly Operating Report			Reporting Period 9/1/2012 - 9/30/2012
Balance Sheet as at September 30, 2012

	Book Value
DESCRIPTION	9/30/2012

Current Assets:
Unrestricted Cash and Equivalents		614,396
Restricted Cash and Equivalents
Trade Accounts Receivable (Net)		134,444
Other Accounts Receivable (Credit cards etc)		-
Other Accounts Receivable (Subject to set-off against AP and accrued liabilities)
Notes Receivable
Inventories (net of allowances and reserves)		-
Prepaid Expenses (Subject to final reconciliation and offset)		43,686
Professional Retainers		-
Deferred Income Taxes / Prepaid Income Taxes		10,483
Debit balances in AP (net of reserves)		352,837

Total- Current Assets		1,155,846

Property and Equipment:
Real Property and Improvements		-
Machinery and Equipment		-
Furniture, Fixtures and Office Equipment		-
Leasehold Improvements		-
Vehicles		-
Work In Progress		-
Less: Accum Depreciation		-

Total- Property and Equipment		-

Other Assets:
Loans to Insiders		-
Other Assets (incl Long Term Deferred Income Tax)		30,856

Total- Other Assets		30,856

Total- Assets		1,186,702


Liabilities not subject to Compromise (Post)
Accounts Payable		(2,202,825	)
Taxes Payable (refer to Form MOR-4)		(534,970	)
Wages Payable		-
Notes Payable		-
Rent/ Leases- Building/ Equipment		-
Secured Debt - Line of credit		-
Other Reserves		-
Liquidation (GOB Sales) Clearing Account		-
Amounts Due to Insiders		-
Accrual for Professional Fees		(467,374	)
Licensing advances received Post Petition		(25,000	)
Other Post-Petition Liabilities (attach)		-

Total- Post-Petition Liabilities		(3,230,169	)

Liabilities not subject to Compromise (Pre)
Secured Debt - Line of credit		-
Secured Debt - other		-
Priority Debt		-
Unsecured Debt (Accounts Payable)		(51,413,719	)
Expense Accruals and Other Liabilities		(162,476	)
Short Term Liabilities		(3,554,215	)
Deferred (GAAP) rent / landlord allowances / Deferred Compensation etc		(526,174	)
Deferred Tax (Liability) / Asset		-
Deferred Revenue (Gift cards and Royalties)		(33,498,790	)
Other Reserves and allowances		(2,888,799	)

Total- Pre-Petition Liabilities		(92,044,175	)

Total Liabilities		(95,274,344	)


Owner's Equity
Capital Stock		(152,132	)
Additional Paid-In Capital		(116,716,579	)
Deferred Stock Compensation and Stock Repurchase		180,069
Retained Earnings- Pre-Petition		177,601,333
Retained Earnings- Post-Petition		33,174,951

Net Owner's Equity		94,087,641


Total- Liabilities and Owner's Equity		(1,186,703	)

MOR - 4
TSIC, Inc. f/k/a Sharper Image Corporation	Case No 08-10322 (KG)
September 2012 Monthly Operating Report	Reporting Period 9/1/2012 - 9/30/2012
Status of Post petition Taxes

		Beginning Tax Liability	Taxes collected / withheld September & Adjustments	Taxes Remitted September	Closing Balance Post petition	C/Fwd Pre petition	Total Per GL

Federal

Withholding	*	-
FICA - Employee	*	-
FICA - Employer	*	-
Unemployment	*	-
Income	*	-
Other	*	-

Total Federal Taxes		-	-	-	-	-	-

State and Local

Witholding	*	-
Sales		-			-		-
Excise	***	-
Unemployment	*	-
Real Property		-
Personal Property	**	395,529			395,529		395,529
Other	****	139,440			139,440		139,440

Total State and Local		534,969	-	-	534,969	-	534,969

Total Taxes		534,969	-	-	534,969	-	534,969

* - Refer attached payroll report for detail of all payroll taxes withheld and remitted for the period 9/1/2012

through 9/30/2012

** - Personal property tax accrual based on tax statements and billings received from county and state agencies - subject to further review

*** - excise taxes for Hawaii are included in sales taxes line

**** - franchise and city taxes


	Beginning Tax Liability	Taxes collected	Taxes Remitted	Unremitted Taxes
Payroll Summary	-	4,757.46	4,757.46	-

Based on actual paychecks during period plus additional payroll tax assessments paid

Pay date	9/28/2012
Period ending	9/30/2012

TSIC, Inc.		TAX LIABILITIES		PAGE: 1
USER ID: TSI2		CHECK DATE: 09-28-2012	RUN: 0

			C U R R E N T		Q T D		Y T D
DESCRIPTION	ST LCL	RATE	SUBJECT TO	TAX	SUBJECT TO	TAX	SUBJECT TO	TAX


FEDERAL WITHHOLDING			13,115.39	3,051.40	41,084.06	9,415.31	678,534.26	94,910.74

OASDI EMPLOYER		6.20	2,281.54	141	30,250.21	1,875.51	667,700.41	41,397.37

OASDI EMPLOYEE		4.20		96		1,270.51		28,043.48

FUTA EMPLOYER		0.60	518	3	3,486.60	21	547,709.10	3,286.39

MHI EMPLOYER		1.45	13,115.39	190	41,084.06	596	678,534.26	9,838.78

MHI EMPLOYEE		1.45		190		596		9,838.78

STATE WITHHOLDING	AL						1,412.45	32

SUI-ER	AL	0.70					1,412.45	10

BIRMINGHAM	AL 10						818	8

STATE WITHHOLDING	AR						19,618.28	887

SUI-ER	AR	5.70					19,618.28	1,118.28

FUTA CREDIT-ER	AR 08						19,618.28	59

STATE WITHHOLDING	AZ						2,679.37	66

SUI-ER	AZ	1.37					2,679.37	37

STATE WITHHOLDING	CA		13,115.39	1,047.08	39,346.17	3,141.24	422,159.30	24,148.79

SUI-ER	CA	6.20	518	32	1,748.71	108	291,334.14	18,062.71

SDI-EE	CA 05	1.00	615	6	13,997.32	140	396,810.45	3,968.13

FUTA CREDIT-ER	CA 08						279,113.13	837

STATE WITHHOLDING	CO						11,039.84	361

C U R R E N T

Q T D

Y T D

DESCRIPTION

ST LCL

RATE

SUBJECT TO

TAX

SUBJECT TO

TAX

SUBJECT TO

TAX

SUI-ER	CO	1.22	11,039.84	135

STATE WITHHOLDING	CT		3,209.20	26

SUI-ER	CT	1.50	2,451.99	37

FUTA CREDIT-ER	CT 08		2,451.99	7

SUI-ER	DC	1.50	3,164.67	47

SUI-ER	FL	0.56	31,632.62	177

FUTA CREDIT-ER	FL 08		29,456.75	88

STATE WITHHOLDING	GA		9,829.99	293

SUI-ER	GA	2.43	9,829.99	239

FUTA CREDIT-ER	GA 10		9,285.76	28

STATE WITHHOLDING	HI		5,202.77	266

SUI-ER	HI	0.51	5,202.77	27

STATE WITHHOLDING	IA		1,476.91	25

SUI-ER	IA	0.10	1,476.91	1

STATE WITHHOLDING	IL		18,590.86	856

SUI-ER	IL	2.60	18,590.86	483

FUTA CREDIT-ER	IL 08		18,590.86	56

STATE WITHHOLDING	IN		6,554.01	212

SUI-ER	IN	2.70	6,554.01	177

FUTA CREDIT-ER	IN 08		6,554.01	39

MARION COUNTY	IN 35		1,176.07	19

HAMILTON COUNTY	IN 77		327	3

ALLEN COUNTY	IN AJ		5,051.42	51

C U R R E N T

Q T D

Y T D

DESCRIPTION

ST LCL

RATE

SUBJECT TO

TAX

SUBJECT TO

TAX

SUBJECT TO

TAX

STATE WITHHOLDING	KS		1,184.50	23

SUI-ER	KS	3.10	590	18

STATE WITHHOLDING	KY		291	6

SUI-ER	KY	2.80	291	8

FUTA CREDIT-ER	KY 08		291	1

LOUISVILLE CITY	KY 13		291	4

JEFFERSON COUNTY	KY AR		291	2

STATE WITHHOLDING	LA		2,908.07	49

SUI-ER	LA	2.00	2,908.07	58

STATE WITHHOLDING	MA		8,907.33	411

SUI-ER	MA	2.31	8,907.33	206

MED SECURITY TAX	MA 08		8,907.33	32

STATE WITHHOLDING	MD		2,846.59	139

SUI-ER	MD	1.80	2,846.59	51

STATE WITHHOLDING	MI		7,686.87	250

SUI-ER	MI	2.30	7,686.87	177

STATE WITHHOLDING	MN		2,443.63	68

SUI-ER	MN	1.92	2,443.63	47

FUTA CREDIT-ER	MN 10		1,866.71	6

STATE WITHHOLDING	MO		5,271.96	83

SUI-ER	MO	7.02	5,271.96	195

FUTA CREDIT-ER	MO 08		4,637.34	14

C U R R E N T

Q T D

Y T D

DESCRIPTION

ST LCL

RATE

SUBJECT TO

TAX

SUBJECT TO

TAX

SUBJECT TO

TAX

KANSAS CITY NR-JACKSON CT	MO 10				2,120.71	21

ST LOUIS	MO 11				980	10

STATE WITHHOLDING	NC				5,505.10	138

SUI-ER	NC	1.56			5,505.10	86

FUTA CREDIT-ER	NC 08				4,946.20	15

STATE WITHHOLDING	NJ		1,802.89		19,727.93	261

SUI-ER	NJ	2.00			13,227.74	265

SUI-EE	NJ 03	0.51			13,227.74	67

SDI-EE	NJ 05	0.20			13,227.74	26

SDI-ER	NJ 06				13,227.74	13

FUTA CREDIT-ER	NJ 08				13,227.74	40

SUI-ER	NV	1.20			8,703.42	104

FUTA CREDIT-ER	NV 08				8,703.42	26

STATE WITHHOLDING	NY		1,737.89	83	29,165.52	1,169.05

SUI-ER	NY	2.90	1,802.89	52	27,266.09	791

SDI-EE	NY **	* .5000	1,802.89	1	27,266.09	27

FUTA CREDIT-ER	NY 08				25,463.20	76

NEW YORK CITY	NY 11				7,698.39	201

YONKERS	NY 12				1,297.79	6

NYMT TAX	NY 15	0.34	1,737.89	6	26,588.11	90

STATE WITHHOLDING	OH				2,662.86	47

SUI-ER	OH	1.30			2,662.86	35

FUTA CREDIT-ER	OH 07				2,662.86	8

C U R R E N T

Q T D

Y T D

DESCRIPTION

ST LCL

RATE

SUBJECT TO

TAX

SUBJECT TO

TAX

SUBJECT TO

TAX

PARMA	OH 32		613	3

NORWOOD	OH BZ		505	5

MASON	OH FI		505	5

WOODMERE	OH IV		1,211.54	30

DEER PARK	OH MK		947	14

LAKEWOOD	OI 83		599	6

STATE WITHHOLDING	OK		2,072.32	21

SUI-ER	OK	0.10	2,072.32	2

STATE WITHHOLDING	OR		4,182.37	142

SUI-ER	OR	1.00	4,182.37	42

OREGON WORK/COMP ER	OR 06		17	0

OREGON WORK/COMP EE	OR 08		17	0

STATE WITHHOLDING	PA		1,940.27	60

SUI-ER	PA	6.18	3,770.20	233

NEW LOCALS	PA *1	*	164	2

SUI-EE	PA 05	0.08	3,770.20	3

FUTA CREDIT-ER	PA 08		3,770.20	11

PHILADELPHIA NR	PA 45		667	23

PITTSBURGH WORK	PK QA		622	9

PITTSBURGH OPT	PL 14		622	2

SUI-ER	SC	1.30	157	2

SUI-ER	TX	1.30	32,317.54	420

C U R R E N T

Q T D

Y T D

DESCRIPTION

ST LCL

RATE

SUBJECT TO

TAX

SUBJECT TO

TAX

SUBJECT TO

TAX

STATE WITHHOLDING	UT				894	30

SUI-ER	UT	0.10			894	1

STATE WITHHOLDING	VA				9,691.22	406

SUI-ER	VA	0.93			6,526.55	61

FUTA CREDIT-ER	VA 08				5,525.95	17

SUI-ER	WA	0.86			4,091.94	35

STATE WITHHOLDING	WI				465	15

SUI-ER	WI	0.85			465	4

FUTA CREDIT-ER	WI 08				465	1

TOTAL TAX			4,757.46	17,305.31		247,181.07
**Taxes sent client # 260			4,757.46

MOR 5
TSIC, Inc. f/k/a Sharper Image Corporation	Case No 08-10322 (KG)
September 2012 Monthly Operating Report	Reporting Period 9/1/2012 - 9/30/2012
Summary of Unpaid Postpetition Debts
(As at 9/30/2012)

			Number of Days Past Due
	Current			0-30	31-60	61-90		Over 90	Total

Accounts Payable		-		-	198	(19,393	)	2,222,021		2,202,825
Wages Payable										-
Taxes Payable		534,969								534,969
Rent / Leases Building		-								-
Accrual for Professional Fees		467,374								467,374
Royalty Advances		25,000								25,000

Total Postpetition Debts		1,027,343		-	198	(19,393	)	2,222,021		3,230,168

* - Wages payable subject to final reconciliation and true up.

** - Taxes payable includes sales and use taxes, business taxes and personal property taxes - taxes classified as "current" liabilities pending further review. Nothing herein shall be

deemed an admission that TSIC is liable for the amounts noted above. This MOR is without prejudice to the Debtor's right to claim that it does not owe amounts included herein.

*** - Month end balance outstanding on DIP financing.

**** - Accrual for professional fees represents an estimate of professional fees not yet entered into Accounts Payable (where invoice or Certificate of No Objection not yet received)

***** - Royalty advances reflects advance royalties received from licensees post petition

Pre Petition AP as at 9-30-2012

Note: Pre Petition AP is subject to further reconciliation, invoice and payment
processing and application and review

80112	ENTERGY	(930)
100628	ACCU-GAGE	350
100701	CARRERA OF AMERICA INC	23,061
100776	CARTA MUNDI INC.	178,500
101477	AIR TASER INC.	1,450
101493	AGRI-ZAP, INC.	650
101576	A.J. MORGAN	1,779
101832	AIWA STRATEGIC ACCTS. PRTNRS	3,000
101865	YANION CO., LTD.	-
102319	ALLERGY CONTROL PRODUCTS INC.	787
102418	ALLIED INTERNATIONAL	3,702
102467	LINGO INTERNATIONAL CORP.	110,838
102541	ALTEC LANSING	61,523
102590	ALIPH	516,857
102616	AMC TRAVEL ACCESSORIES, INC.	54,830
102962	AMERICAN INTERNATIONAL TOOL	60
103358	ANGELWORKS, THE	133
103952	ANYCOM TECHNOLOGIES	49,184
104042	APPLE COMPUTER INC.	479,381
104067	APPLIANCE CORP. OF AMERICA	1,000
104273	ATOMIC TIME	256
104323	ARCHOS, INC.	211,245
104695	ARTEMIS WOMAN, LLC	14,455
104729	AROA MARKETING, INC.	267,914
104802	ASIA GLOBAL	206
104851	ATLANTIC	470
105387	BEHRINGER USE, INC.	270,903
106104	AXIZ MARKETING GROUP	8,250
106138	AVID OUTDOOR	100
107979	BELKIN CORPORATION	8,408
108050	BENCHMARK BRANDS, INC.	241
108118	KAZ INC.	75
108183	BERSCHRUND	959
108241	BELVISI INT'L CO., INC.	178
108407	BIONAIRE (HOLMES)	233,792
109033	BLUE GEM SUNGLASSES	16
109165	BODYLINES	2,667
109199	BNOX INC.	134
109207	COOPSPORTS, INC.	56
109223	BLUEAIR	10,115
109249	BLITZ MANUFACTURING COMPANY	15,049
109900	BOSE CORPORATION	79,523
111492	BRIEL AMERICA, INC.	200
111567	EASTERN ACCENTS	61
112565	BROOKDALE INTL SYSTEMS, INC.	2,580
112755	BUCK KNIVES	1,000
112763	BUCKY PRODUCTS	133
112953	BYRON ORIGINALS	83
113167	CAFRAMO	856
113225	CADDIS MFG., INC.	327
113357	CAPITAL MANUFACTURING CO.	423
113688	QUANTUM ELECTRONICS CORP.	543
113696	QUALITY SPECIAL PRODUCTS	320
113951	CAPRESSO	445
114447	CATWALK	463

Pre Petition AP as at 9-30-2012

Note: Pre Petition AP is subject to further reconciliation, invoice and payment
processing and application and review

114488	CAP BARBELL	7,480
114538	CELESTRON INTERNATIONAL	145,461
114751	CATALINA TECHNOLOGIES, INC.	855
114827	CCL PRODUCT	528,654
114991	SOLAR GLOOOOW, LTD.	548
115121	CIRCA	140
115394	CEPIA	1,040
115485	HSN MARKENTING	1,436
115568	COAST CUTLERY CO.	650
115618	WHITE BEAR TECHNOLOGIES, INC.	22,515
115931	COHESO, INC.	16,272
117580	COMMERCIAL TECHNOLOGY SYSTEMS	136,624
117622	COMMON WEALTH ACCESSORIES	2,708
119560	COUNTRY CLUB SPORTS, INC.	1,200
119982	CREEKSIDE COLLECTION, THE	1,500
120089	CREATIVE MOTION	3,500
120337	CWR ELECTRONICS	95,070
120568	DA MERT COMPANY	833
120576	DR. LIVINGSTON, I PRESUME	702
120683	THUMPER MASSAGER, INC.	(1,859)
120691	D&H DISTRIBUTING	(7,274)
121210	DA4 PRODUCTS	8,680
121327	HELICOR INC.	230,540
122010	DERMANEW	263
122606	DFE INC.	-
122622	DIGITAL BUSINESS PROCESSING	161,843
123380	DYNA FLEX	119,586
123497	DYSON, INC.	(2,500)
123596	EAR HUGGER	5,673
124396	EDWIN MCAULEY ELECTRONICS,LTD.	132,565
124503	ELCANO WOOD MODEL SHIPS	42
124768	ELECTROLUX HOME CARE	105,772
124800	ELECTRONICS TOMORROW LTD	(8,820)
124982	EMJOI, INC./MOBIT	105,452
124990	EMISSIVE ENERGY CORP	111,205
125070	ENERGY TECHNOLOGY LABORATORY	177,942
125138	HONEYWELL CONSUMER PRODUCTS	1,009
125211	ENHANCER PRODUCTS	2,534
125278	ERIC BEARE ASSOCIATES LTD.	(3,750)
125286	BASF CATALYSTS LLC	93,045
125336	EPILADYUSA, INC.	112,360
125518	ESSENTIAL GEAR, INC.	769
125534	ESTES-COX CORPORATION	127,269
125559	ESI, INC.	104,235
125724	ETYMOTIC RESEARCH	2,936
125898	EVEREADY BATTERIES	100
125963	EXCALIBUR	13,756
126136	LUMATEC	700
126151	EXETER TECHNOLOGIES INC.	2,369
126219	LEAP FROG-KNOWLEDGE KIDS	3,234
128025	FITOVERS EYEWEAR USA	1,928
128041	FIUS DISTRIBUTORS, INC.	-
128215	FACE-FIT MARKETING	544
128827	FLORITA NOVA	38
128918	FLOXITE COMPANY INC	500

Pre Petition AP as at 9-30-2012

Note: Pre Petition AP is subject to further reconciliation, invoice and payment
processing and application and review

129171	FORESIGHT PRODUCTS, INC.	1,198
129437	KKI WORLDWIDE	293
129601	KNG AMERICA	11,580
129627	REEBOK INTERNATIONAL LTD.	64
129700	FRANKLIN COMPUTER	488,178
130245	FREDDY CONNECT PRODUCTS	2,633
130427	FRIENDLY ROBOTICS	1,388
131300	FUTAI-LEIGHTON	191,366
131532	GAMBLERS GENERAL STORE	370
132050	GARMIN INTERNATIONAL, INC.	1,563,439
132472	GEOCHRON ENTERPRISES,INC.	222
133082	RAZOR USA	373,024
133223	GOLDEN RATIO WOODWORKS	1,155
133371	GOOSEBUMPS PRODUCTS. INC,	1,205
133421	GOOD EARTH LIGHTING INC.	790
133777	LARGUS INC.	38,027
133959	GRIFFIN TECHNOLOGY	429,632
134643	LAMANI, INC.	113
135095	HARTMAN PRODUCTS INC.	884
135228	HANIG & COMPANY	409
135442	TV PRODUCTS USA	551
135459	TWEEZERMAN INTERNATIONAL	(1,269)
136168	HERBAL CONCEPTS	101,105
136192	HERBKO INTERNATIONAL, INC.	54
136275	HEROKA INDUSTRIES LMTD.	27,960
136416	HIDDEN GREENS, INC.	472
137208	CAN YOU IMAGINE	6,055
138651	I. LEVY SONS, INC.	300
138677	I-JAM MULTIMEDIA LLC	126
138685	I ROBOT	(1,250)
138701	HUMAN TOUCH, LLC/ Interactive health	714,854
139162	IDEAVILLAGE PRODUCTS CORP	4,413
139568	MIDLAND CONSUMER RADIO	3
139691	IMAGE TIME INC.	752
139774	IMS ENTERPRISES	104
139980	INTELIQUEST	3,978
140004	INTERNATIONAL CELLULAR COMM	320
140491	INCEPTOR INC.	240
140582	INCENTIVE CONCEPTS	1,898
140608	ION AUDIO	623,497
140616	ITOY INC (HK) LIMITED	24,461
140764	IN2 PRODUCTS	110,767
140913	JB RESEARCH, INC.	32,311
140970	JIFFY STEAMER COMPANY	4,286
141010	JRL TOYS	1,835
141085	JORST INTERNATIONAL DI-ZAINS	27,757
141226	JERDON PRODUCTS INC.	95,455
141309	JCF TECHNOLOGIES	5,000
141317	JSF INDUSTRIES	4,218
141358	JUST ACCENTS	188
141499	JETTA COMPANY LTD.	37,112
141515	JWIN ELECTRONICS CORP	49,427
141523	JIMMYJANE INC.	57,289
141572	JOSEPH ENTERPRISES, INC.	2,300
141945	KEYS FITNESS PRODUCTS	584

Pre Petition AP as at 9-30-2012

Note: Pre Petition AP is subject to further reconciliation, invoice and payment
processing and application and review

142026	KINCAID FURNITURE COMPANY,INC.	11
143362	KUNNEX INCORPORATE	31,130
143917	KAI USA	327,391
144337	ULTREO INC	286,400
145391	LEKI-SPORT USA	3,700
145631	LEXAR MEDIA INC.	79,386
145755	ETON	139,552
146209	LIFT DISPLAY	333
146464	LITTLE TIKES CO.	92
146498	LKL INNOVATIONS	500
146811	LMC PRODUCTS INC.	1,400
147132	FIRESTARTER/FORMERLY LEHR JENS	633
147504	MAD CATZ, INC.	39,298
147538	MAGELLAN NAVIGATION INC	681,306
147744	MANUAL WOODWORKERS & WEADERS	110
147785	MAN NIN SHING CO., LTD	(533)
148767	MASTER REPLICAS LLC	571,664
148957	MAVIZEN	(2,500)
149013	SALTON/MAXIM HOUSEWARES, INC.	6,678
149724	MEASUREMENT SPECIALTIES, INC.	507
149815	MEADE INSTRUMENTS CORPORATION	196,404
149856	MEDIA STREET, INC.	(5,750)
149872	MEDIA SYNDICATION	5,000
149906	ROYAL APPLIANCE MANUFACTURING	101,248
149914	MEGA MARBLES/VACOR USA	221
150359	MERCHSOURCE	-
150490	MEUCCI ORIGINALS, INC.	920
152439	MOBICOOL INTERNATIONAL	75,000
152819	MONTAGUE USA	937
152850	GENERAL INSTRUMENT CORPORATION	358,178
152892	Q RAY	6,702
152942	MONSTER CABLE PRODUCTS, INC	100,000
153049	MOBIKY USA	72,222
153056	MOBILE-SHOP	30,100
153122	PUREHITECH	238,711
153486	NANDA HOME, LLC	140,484
154351	MELCO WIRE PRODUCTS COMPANY	176
154930	NEOSONICS CORP.	855
155051	NEON SOURCE	500
155432	JUST AMERICAN MERCHANDISE INC	1,000
155754	NORELCO/SONICARE	137,624
155960	NORTHERN INT'L INC.	2,800
156620	OMEGA PRODUCTS,INC.	250
156752	OLISO INC	159,413
156786	OKO INTERNATIONAL	36,469
157057	CT GLOBAL INC./ One for all	11,010
157115	PHILIPS DAP NO. AMERICA	(611)
157826	ORALGIENE	250
158204	ORECK CORPORATION	946
159590	PAN-OPTX	2,500
159673	180S, LLC	7,746
159897	SWISS TECH PRODUCTS	54,846
160317	PANASONIC-DIG STILL CAMERA	(3,750)
161273	PETER GORMAN	712
161307	PHILIPS CONSUMER ELECTRONICS	(7,939)

Pre Petition AP as at 9-30-2012

Note: Pre Petition AP is subject to further reconciliation, invoice and payment
processing and application and review

161315	PHILIPS ACCESSORIES	19,532
161422	PHORM	4,450
161554	PITTSBURGH PLASTIC MANUF.	403
161760	PLANTRONICS, INC.	2,731
161778	PLANRITE TRADING COMPANY	5,459
161810	PHYSI-CAL ENTERPRISES	(1,250)
161901	PLASTON INTERNATIONAL	(3,177)
161968	POLYCONCEPTS USA, INC.	5,485
162503	THE CIT GROUP/COMMERCIAL SVCS	(7,529)
163006	PRECOR, INC.	1,740
163014	PREMIER KITES	500
163055	PRESENTATIONS PLUS	274
163071	RETRO 1951	2,499
163097	PREPARA	9,000
163675	PRODYNE	26,036
163782	ICON HEALTH & FITNESS/PROFORM	10,000
163931	PRO PERFORMANCE SPORTS	2,571
165076	Q3 INNOVATIONS, LLC	4,600
165258	RABCO EXPANSION SYSTEMS	1,080
166603	RAINBOW LAMP CORPORATION	3
167007	RAWCLIFF CORP.	1,579
167148	RAZORGUARD, INC.	100
167593	RED STAR TRADERS, LLC	25,500
167742	RELIANCE LAMP CO., INC.	100
168369	RIALTO PRODUCTS, INC.	3,000
168690	RMP, INC.	3,365
168716	STRAHL/CLICK CLACK!	1,045
168724	RODENSTOCK GROUP	2,500
169045	ROYAL CROWN	500
169052	ROYAL PATINA	3,000
169193	RICHARTZ USA	174
169276	S.J. MILLER COMPANY	127
169284	S.K. & I. COMPANY	155
169326	RICO RAGBIR INTERNATIONAL CO	2,250
169334	ROYAL SOVEREIGN INT'L INC.	102,113
171025	8X8, INC.	784
171306	SANDISK CORPORATION	10,965
172007	SANYO FISHER (USA) CORPORATION	(2,500)
172908	SEIKO INSTRUMENTS USA,INC.	4,800
173146	SELAMAT DESIGNS	5,255
173575	FOOTSENSE INC.	100
173633	SEQUIAM CORPORATION	311,700
174623	SHOWERSTART, LLC	7,995
175059	SIMPLE SHOE	13,504
175091	SK ENTERPRISES, INC.	325
175125	SINOSOURCE INC.	204
175323	SILCON INNOPRODUCTS LTD.	32,346
175471	SAFARI LTD.	170
175547	SAGAFORM INC.	3,467
175711	SKYLINE NORTHWEST CORP	284
175976	SMART DESIGNS	300
175992	SMART PLANET	5,951
176040	SMARTSHOPPER ELECTRONICS	209,754
176123	SOLIDO (U.S.A.),INC.	77
176131	SOG-SPECIALTY KNIFE	1,282

Pre Petition AP as at 9-30-2012

Note: Pre Petition AP is subject to further reconciliation, invoice and payment
processing and application and review

176156	SOLEX INDUSTRIES	10,350
176172	SOLOPOINT	239
176255	SONGBIRD HEARING INC.	42,347
176867	SPALDING (RUSSELL ATHLETIC)	1,341
177097	SPEEDO AMERICA	500
177121	SPECTRUM DIVERSIFIED DESIGNS	2,000
177402	SONY ELECTRONICS INC.	(1,250)
178418	SPORTLINE, INC.	235,571
178897	STARRETT COMPANY	1,248
178988	STL ELECTRONICS LIMITED	669,722
179168	STUFF DESIGN INC.	950
179176	STERN PINBALL INC.	36,550
179267	STAMINA PRODUCTS INC.	2,317
179333	SUNCAST CORPORATION	579
179408	SUN LUEN ELECTRICAL MFG.CO	133,039
179416	SUN-MATE	696
179531	SUNDAY ELECTRONICS	7,018
179556	STYLE SCIENCE	164,100
179788	UNDER SAIL MARKETING, LLC	34,670
182311	TAO MUSIC INC.	385,034
182840	TACTICA INT'L INC.	24,666
182915	TAGCO LLC	1,037
183053	TALUS CORP	2,534
183327	TANGENT TOYS	700
183400	TASCO SALES INCORPORATED	5,000
184309	TECHNASONIC ELECTRONICS, INC.	24,477
184820	TENSOR CORPORATION	5,326
186171	THERMOSCAN INC.	127
186486	TILIA, INC.	853
188813	TOM TOM, INC.	2,052,970
189175	TOP INNOVATIONS, INC.	-
189563	TRG ACCESSORIES	51,587
190173	TUMI, INC	51,253
190397	UNIVERSAL APPLICATION DESIGN	728
190488	US ROBOTICS	9,193
190520	UNIVERSAL WATCH	280
190611	UTILITY ENTERPRISES CO., INC	8,620
190629	TYRELL, INC.	(2,500)
192070	UGOBE, INC.	582,560
192112	ULTRA-OPTIX INC.	247
192138	V. P. DESIGNS	256
192872	VICTORE SUPPORTS, INC.	422
193011	VERILUX	55,877
193086	VIAWORLD ADVANCED PRODUCTS	1,725
193110	VIEW & VIEW TECHNOLOGIES	46,673
193136	VICTORINOX SWISS ARMY	76,475
193169	VIRTU CO.	1,411
193623	TEND SKIN COMPANY	300
193664	LEARNING CURVE	44
193672	VTECH COMMUNICATIONS	79,317
193763	VISIBALL USA	130,525
193797	VOXRED INTERNATIONAL	12,978
193805	V-MODA, LC	257,334
194159	WARNER/ELEKTRA/ATLANTA CORP.	2,807
194332	WEIN PRODUCTS, INC.	1,100

Pre Petition AP as at 9-30-2012

Note: Pre Petition AP is subject to further reconciliation, invoice and payment
processing and application and review

194746	WEST COAST CUSTOM DESIGNS	131
194936	WHERIFY WIRELESS, INC.	74,028
195222	WILIFE	7,169
195388	WING SON GARMENTS	2,000
196014	WORLDSKY ELECTRONIC CO., LTD	500
196428	ICI USA, LLC	(568)
197426	ZADRO PRODUCTS, INC.	962
197434	YOMEGA CORP.	500
198515	ZINUS INC.	201,003
199083	ZURA SPORTS, INC.	100
199125	ZYGMUNT & ASSOCIATES	6,075
200253	A C EXPRESS COURIERS	385
202374	ABF FREIGHT SYSTEM INC	539
202416	ABQ EXPRESS CARTAGE INC	573
202960	ACE TRANSPORT	170
203562	ACTION MESSENGER SERVICE	2,486
205559	AIT WORLDWIDE LOGISTICS	1,030
205898	AACSP	310
205922	V. ALEXANDER AND CO.	-
206417	ALPHA 7 COURIER SERVICES	400
211300	APPLE COURIER	1,038
211326	APPROVED FORWARDERS OF HAWAII	2,237
211706	ARROW EXPRESS CORPORATION	110
213439	AVERITT EXPRESS, INC.	72,676
215624	BLUE AND ASSOCIATES	262
215731	MATCHMAKER TRANSPORTATION	3,012
216598	BONNIE SPEED DELIVERY, INC.	230
219972	CALIFORNIA PACKAGING CORP	81,343
220103	CAPITOL COURIER	65
222919	CENTRAL FREIGHT LINES, INC.	2,776
223016	CENTRAL TRANSPORT	1,149
223503	CMR GROUP LTD.	73,107
223701	COMET COURIER CORP	10,971
226589	VELOCITY EXPRESS	2,929
227058	COURIER EXPRESS	2,873
228676	D & M TRANSPORTATION AND	700
228882	DART COURIER SERVICE	1,760
230318	B&B COURIER	1,995
231209	DHL WORLDWIDE EXPRESS	36,033
232520	SRJR FREIGHT, LLC	415
232553	DOT-LINE TRANSPORTATION	5,280
234369	MERCER TRANSPORTATION	2,924
234765	ENA COURIERS	3,902
235382	EXTRA EXPRESS	3,686
235408	FAMILY LOGISTICS, LLC	9,250
236430	FEDEX-FEDERAL EXPRESS CORP	7,935
238519	G & P TRUCKING COMPANY INC	5,867
239640	GILBERT WEST	22,746
239996	GOLDSTAR COURIERS, INC.	150
242065	HEAVEN SENT WORLDWIDE COURIER	14
243998	IMPERATORE COURIER SYSTEMS,INC	271
244988	KING COURIER	256
245274	INLAND EMPIRE FREIGHT SYSTEMS	300
245571	INTEGRITY FREIGHT SERVICES	1,602
249243	LEONE TRUCKING MOVING, INC	4,094

TSIC, Inc. 8-K