2021 Q3 Form 10-Q Financial Statement
#000110465921125469 Filed on October 13, 2021
Income Statement
Concept | 2021 Q3 | 2020 Q3 |
---|---|---|
Revenue | $0.00 | $0.00 |
YoY Change | ||
Cost Of Revenue | ||
YoY Change | ||
Gross Profit | ||
YoY Change | ||
Gross Profit Margin | ||
Selling, General & Admin | $80.34K | $4.140K |
YoY Change | 1840.58% | -61.38% |
% of Gross Profit | ||
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | ||
YoY Change | ||
% of Gross Profit | ||
Operating Expenses | $80.34K | $4.143K |
YoY Change | 1839.25% | -62.03% |
Operating Profit | -$80.34K | -$4.143K |
YoY Change | 1839.25% | |
Interest Expense | ||
YoY Change | ||
% of Operating Profit | ||
Other Income/Expense, Net | -$125.5K | $0.00 |
YoY Change | ||
Pretax Income | -$205.8K | -$4.140K |
YoY Change | 4871.5% | -62.05% |
Income Tax | ||
% Of Pretax Income | ||
Net Earnings | -$205.8K | -$4.143K |
YoY Change | 4867.97% | -62.03% |
Net Earnings / Revenue | ||
Basic Earnings Per Share | -$0.04 | $0.00 |
Diluted Earnings Per Share | -$0.04 | $0.00 |
COMMON SHARES | ||
Basic Shares Outstanding | 5.212M | 3.553M |
Diluted Shares Outstanding | 5.212M | 3.553M |
Balance Sheet
Concept | 2021 Q3 | 2020 Q3 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $216.5K | $60.00 |
YoY Change | 360783.33% | 50.0% |
Cash & Equivalents | $216.5K | $64.00 |
Short-Term Investments | ||
Other Short-Term Assets | $131.2K | |
YoY Change | ||
Inventory | ||
Prepaid Expenses | $5.250K | |
Receivables | ||
Other Receivables | ||
Total Short-Term Assets | $347.8K | $60.00 |
YoY Change | 579500.0% | 50.0% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | ||
YoY Change | ||
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | ||
YoY Change | ||
Total Long-Term Assets | -$2.00 | $0.00 |
YoY Change | ||
TOTAL ASSETS | ||
Total Short-Term Assets | $347.8K | $60.00 |
Total Long-Term Assets | -$2.00 | $0.00 |
Total Assets | $347.8K | $60.00 |
YoY Change | 579496.67% | 50.0% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $2.100K | $256.2K |
YoY Change | -99.18% | 12.83% |
Accrued Expenses | ||
YoY Change | ||
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $2.159M |
YoY Change | -100.0% | 0.24% |
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $2.100K | $2.420M |
YoY Change | -99.91% | 1.42% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Other Long-Term Liabilities | ||
YoY Change | ||
Total Long-Term Liabilities | $0.00 | $0.00 |
YoY Change | ||
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $2.100K | $2.420M |
Total Long-Term Liabilities | $0.00 | $0.00 |
Total Liabilities | $2.100K | $2.420M |
YoY Change | -99.91% | 1.42% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$5.344M | |
YoY Change | ||
Common Stock | $71.46K | |
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | $42.45K | |
YoY Change | ||
Treasury Stock Shares | $39.98K | |
Shareholders Equity | $345.7K | -$2.420M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $347.8K | $60.00 |
YoY Change | 579496.67% | 50.0% |
Cashflow Statement
Concept | 2021 Q3 | 2020 Q3 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$205.8K | -$4.143K |
YoY Change | 4867.97% | -62.03% |
Depreciation, Depletion And Amortization | ||
YoY Change | ||
Cash From Operating Activities | -$29.79K | -$150.00 |
YoY Change | 19760.0% | -98.85% |
INVESTING ACTIVITIES | ||
Capital Expenditures | ||
YoY Change | ||
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $0.00 | |
YoY Change | ||
Cash From Investing Activities | $0.00 | |
YoY Change | ||
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 11.94K | |
YoY Change | ||
NET CHANGE | ||
Cash From Operating Activities | -29.79K | -150.0 |
Cash From Investing Activities | 0.000 | |
Cash From Financing Activities | 11.94K | |
Net Change In Cash | -17.85K | -150.0 |
YoY Change | 11800.0% | -1600.0% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$29.79K | -$150.00 |
Capital Expenditures | ||
Free Cash Flow | ||
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
dei |
Entity Registrant Name
EntityRegistrantName
|
UNITED STATES BASKETBALL LEAGUE INC | ||
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Preferred Stock Shares Outstanding
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Current Fiscal Year End Date
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--02-28 | ||
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Document Fiscal Year Focus
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2022 | ||
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Q2 | ||
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Earnings Per Share Diluted
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Earnings Per Share Diluted
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Weighted Average Number Of Diluted Shares Outstanding
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Weighted Average Number Of Diluted Shares Outstanding
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Weighted Average Number Of Diluted Shares Outstanding
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Weighted Average Number Of Diluted Shares Outstanding
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Document Type
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10-Q | ||
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Document Period End Date
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2021-08-31 | ||
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Common Stock | ||
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8270 Woodland Center | ||
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Tampa | ||
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FL | ||
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33614 | ||
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813 | ||
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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|
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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Interest Paid Net
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|
0 | ||
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Interest Paid Net
InterestPaidNet
|
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|
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Income Taxes Paid
IncomeTaxesPaid
|
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Related Party Loans Converted To Common Stock
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Entity Incorporation Date Of Incorporation
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1984-05-29 | ||
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;margin:0pt 0pt 12pt 0pt;"><i style="text-decoration:underline;">Use of Estimates</i></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0.35pt;">The preparation of the unaudited financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of liabilities, and the disclosure of contingent liabilities at the date of the financial statements, and the reported amounts of expenses during the reporting periods. Management makes these estimates using the best information available at the time; however, actual results could differ materially from those estimates.</p> | ||
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|
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|
2100 | |
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Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
101424 | |
CY2021Q1 | us-gaap |
Accrued Sales Commission Current
AccruedSalesCommissionCurrent
|
8660 | |
CY2021Q1 | us-gaap |
Accrued Rent Current
AccruedRentCurrent
|
144000 | |
CY2021Q1 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
13562 | |
CY2021Q1 | us-gaap |
Deposits
Deposits
|
2725 | |
CY2021Q1 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
777 | |
CY2021Q3 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
2100 | |
CY2021Q1 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
271158 | |
CY2021Q1 | us-gaap |
Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
|
2159631 | |
CY2021Q2 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
66747 | |
CY2021Q3 | us-gaap |
Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
|
3581 | |
CY2021Q3 | usbl |
Number Of Preferred Stock Voting Rights
NumberOfPreferredStockVotingRights
|
5 | |
us-gaap |
Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
|
0.02 | ||
CY2021Q3 | us-gaap |
Convertible Preferred Stock Shares Issued Upon Conversion
ConvertiblePreferredStockSharesIssuedUponConversion
|
1 |