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SHOREPOWER TECHNOLOGIES INC.

2012 Form 10-K Financial Statement

#000114420412034306 Filed on June 12, 2012

View on sec.gov

Income Statement

Concept 2012 2011 Q1 2011
Revenue $15.00K $0.00 $20.00K
YoY Change -25.0% 100.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $80.00K $20.00K $100.0K
YoY Change -20.0% 0.0% 11.11%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.192K $10.00K $5.192K
YoY Change 0.0% 0.0% -48.08%
% of Gross Profit
Operating Expenses $190.0K $40.00K $220.0K
YoY Change -13.64% -20.0% 15.79%
Operating Profit -$179.0K -$195.1K
YoY Change -8.24%
Interest Expense $32.01K -$20.00K $32.95K
YoY Change -2.86% -33.33% -264.75%
% of Operating Profit
Other Income/Expense, Net -$77.93K $236.00
YoY Change -33122.03%
Pretax Income -$260.0K -$60.00K -$190.0K
YoY Change 36.84% -25.0% -5.0%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$256.9K -$60.00K -$194.8K
YoY Change 31.87% -25.0% -2.58%
Net Earnings / Revenue -1712.77% -974.16%
Basic Earnings Per Share
Diluted Earnings Per Share -$74.07K -$16.95K -$54.13K
COMMON SHARES
Basic Shares Outstanding 3.513M shares 3.507M shares
Diluted Shares Outstanding 4.618M shares 4.613M shares

Balance Sheet

Concept 2012 2011 Q1 2011
SHORT-TERM ASSETS
Cash & Short-Term Investments $190.0K $250.0K $250.0K
YoY Change -24.0% 78.57% 78.57%
Cash & Equivalents $0.00 $2.465K $0.00
Short-Term Investments $190.0K $240.0K $240.0K
Other Short-Term Assets
YoY Change
Inventory $10.00K $5.000K $10.00K
Prepaid Expenses
Receivables $20.00K $10.00K $10.00K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $220.0K $258.8K $260.0K
YoY Change -15.38% -0.45% 0.0%
LONG-TERM ASSETS
Property, Plant & Equipment $230.0K $236.8K $240.0K
YoY Change -4.17% -1.33% 0.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $230.0K $236.8K $240.0K
YoY Change -4.17% -1.33% 0.0%
TOTAL ASSETS
Total Short-Term Assets $220.0K $258.8K $260.0K
Total Long-Term Assets $230.0K $236.8K $240.0K
Total Assets $450.0K $495.6K $500.0K
YoY Change -10.0% -0.87% 0.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $170.0K $0.00 $0.00
YoY Change -100.0% -100.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $2.070M $1.870M $1.870M
YoY Change 10.7% 12.65% 12.65%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.330M $2.113M $2.110M
YoY Change 10.43% 11.81% 11.64%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.330M $2.113M $2.110M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $2.330M $2.113M $2.110M
YoY Change 10.43% 8.93% 8.76%
SHAREHOLDERS EQUITY
Retained Earnings -$4.302M
YoY Change
Common Stock $35.53K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $42.45K
YoY Change
Treasury Stock Shares 39.98K shares
Shareholders Equity -$1.870M -$1.618M -$1.620M
YoY Change
Total Liabilities & Shareholders Equity $450.0K $495.6K $500.0K
YoY Change -10.0% -0.87% 0.0%

Cashflow Statement

Concept 2012 2011 Q1 2011
OPERATING ACTIVITIES
Net Income -$256.9K -$60.00K -$194.8K
YoY Change 31.87% -25.0% -2.58%
Depreciation, Depletion And Amortization $5.192K $10.00K $5.192K
YoY Change 0.0% 0.0% -48.08%
Cash From Operating Activities -$176.7K -$50.00K -$271.0K
YoY Change -34.78% -58.33% -39.78%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
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 179.1K 50.00K 272.8K
YoY Change -34.34% -58.33% -38.0%
NET CHANGE
Cash From Operating Activities -176.7K -50.00K -271.0K
Cash From Investing Activities
Cash From Financing Activities 179.1K 50.00K 272.8K
Net Change In Cash 2.369K 0.000 1.804K
YoY Change 31.32% -118.04%
FREE CASH FLOW
Cash From Operating Activities -$176.7K -$50.00K -$271.0K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CY2012 dei Entity Registrant Name
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CY2012 dei Entity Current Reporting Status
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CY2012 dei Amendment Flag
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0001144204-12-034306.txt Edgar Link pending
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