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SHOREPOWER TECHNOLOGIES INC.

2012 Q2 Form 10-Q Financial Statement

#000114420412039288 Filed on July 13, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2012 Q1 2011 Q2
Revenue $9.000K $10.00K $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $20.00K $20.00K $20.00K
YoY Change 0.0% 0.0% -50.0%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.298K $10.00K $1.298K
YoY Change 0.0% 0.0%
% of Gross Profit
Operating Expenses $50.00K $50.00K $50.00K
YoY Change 0.0% 25.0% -16.67%
Operating Profit -$37.33K -$52.50K
YoY Change -28.9%
Interest Expense $7.573K -$40.00K $8.059K
YoY Change -6.03% 100.0%
% of Operating Profit
Other Income/Expense, Net -$72.39K $93.68K
YoY Change -177.28%
Pretax Income -$110.0K -$80.00K $40.00K
YoY Change -375.0% 33.33% -166.67%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income 0.0%
Net Earnings -$109.7K -$80.00K $41.18K
YoY Change -366.45% 33.33% -168.63%
Net Earnings / Revenue -1219.14% -800.0%
Basic Earnings Per Share -$0.03 $0.01
Diluted Earnings Per Share -$0.03 -$22.79K $0.01
COMMON SHARES
Basic Shares Outstanding 3.513M shares 3.513M shares
Diluted Shares Outstanding 4.618M shares 4.618M shares

Balance Sheet

Concept 2012 Q2 2012 Q1 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $120.0K $190.0K $350.0K
YoY Change -65.71% -24.0% 84.21%
Cash & Equivalents $87.34K $4.834K $403.00
Short-Term Investments $30.00K $190.0K $350.0K
Other Short-Term Assets
YoY Change
Inventory $5.000K $5.000K $10.00K
Prepaid Expenses
Receivables $30.00K $20.00K $10.00K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $153.4K $221.5K $370.0K
YoY Change -58.55% -14.41% 85.0%
LONG-TERM ASSETS
Property, Plant & Equipment $230.3K $231.6K $240.0K
YoY Change -4.03% -2.19% 0.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $230.3K $231.6K $230.0K
YoY Change 0.14% -2.19% -4.17%
TOTAL ASSETS
Total Short-Term Assets $153.4K $221.5K $370.0K
Total Long-Term Assets $230.3K $231.6K $230.0K
Total Assets $383.7K $453.1K $600.0K
YoY Change -36.05% -8.57% 36.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $170.0K $170.0K $160.0K
YoY Change 6.25% 77.78%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $2.150M $2.070M $1.930M
YoY Change 11.4% 10.7% 22.15%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.368M $2.328M $2.180M
YoY Change 8.62% 10.15% 15.96%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.368M $2.328M $2.180M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $2.368M $2.328M $2.180M
YoY Change 8.62% 10.15% 12.95%
SHAREHOLDERS EQUITY
Retained Earnings -$4.668M -$4.559M
YoY Change 5.97%
Common Stock $35.53K $35.53K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $42.45K $42.45K
YoY Change 0.0%
Treasury Stock Shares 39.98K shares 39.98K shares
Shareholders Equity -$1.984M -$1.875M -$1.580M
YoY Change
Total Liabilities & Shareholders Equity $383.7K $453.1K $600.0K
YoY Change -36.05% -8.57% 36.36%

Cashflow Statement

Concept 2012 Q2 2012 Q1 2011 Q2
OPERATING ACTIVITIES
Net Income -$109.7K -$80.00K $41.18K
YoY Change -366.45% 33.33% -168.63%
Depreciation, Depletion And Amortization $1.298K $10.00K $1.298K
YoY Change 0.0% 0.0%
Cash From Operating Activities $6.992K -$50.00K -$52.21K
YoY Change -113.39% 0.0% 30.53%
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 $75.51K 30.00K 50.15K
YoY Change 50.57% -40.0% 25.37%
NET CHANGE
Cash From Operating Activities $6.992K -50.00K -52.21K
Cash From Investing Activities
Cash From Financing Activities $75.51K 30.00K 50.15K
Net Change In Cash $82.50K -20.00K -2.062K
YoY Change -4101.02%
FREE CASH FLOW
Cash From Operating Activities $6.992K -$50.00K -$52.21K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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CY2012Q2 dei Trading Symbol
TradingSymbol
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CY2012Q2 dei Entity Registrant Name
EntityRegistrantName
UNITED STATES BASKETBALL LEAGUE INC
CY2012Q2 dei Amendment Flag
AmendmentFlag
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CY2012Q2 dei Entity Filer Category
EntityFilerCategory
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CY2012Q2 dei Document Fiscal Year Focus
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CY2012Q2 dei Document Type
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Files In Submission

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0001144204-12-039288.txt Edgar Link pending
0001144204-12-039288-xbrl.zip Edgar Link pending
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usbl-20120531_def.xml Edgar Link unprocessable
usbl-20120531_lab.xml Edgar Link unprocessable
usbl-20120531_pre.xml Edgar Link unprocessable
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v318274_ex32.htm Edgar Link pending