2013 Q2 Form 10-Q Financial Statement
#000114420413040407 Filed on July 22, 2013
Income Statement
| Concept | 2013 Q2 | 2012 Q2 |
|---|---|---|
| Revenue | $11.95K | $9.000K |
| YoY Change | 32.73% | |
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | $20.00K | $20.00K |
| YoY Change | 0.0% | 0.0% |
| % of Gross Profit | ||
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $1.298K | $1.298K |
| YoY Change | 0.0% | 0.0% |
| % of Gross Profit | ||
| Operating Expenses | $30.00K | $50.00K |
| YoY Change | -40.0% | 0.0% |
| Operating Profit | -$20.01K | -$37.33K |
| YoY Change | -46.39% | -28.9% |
| Interest Expense | $5.720K | $7.573K |
| YoY Change | -24.47% | -6.03% |
| % of Operating Profit | ||
| Other Income/Expense, Net | -$3.481K | -$72.39K |
| YoY Change | -95.19% | -177.28% |
| Pretax Income | -$20.00K | -$110.0K |
| YoY Change | -81.82% | -375.0% |
| Income Tax | $0.00 | $0.00 |
| % Of Pretax Income | ||
| Net Earnings | -$23.49K | -$109.7K |
| YoY Change | -78.59% | -366.45% |
| Net Earnings / Revenue | -196.67% | -1219.14% |
| Basic Earnings Per Share | -$0.01 | -$0.03 |
| Diluted Earnings Per Share | -$0.01 | -$0.03 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 3.513M shares | 3.513M shares |
| Diluted Shares Outstanding | 3.513M shares | 4.618M shares |
Balance Sheet
| Concept | 2013 Q2 | 2012 Q2 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $10.00K | $120.0K |
| YoY Change | -91.67% | -65.71% |
| Cash & Equivalents | $9.819K | $87.34K |
| Short-Term Investments | $0.00 | $30.00K |
| Other Short-Term Assets | ||
| YoY Change | ||
| Inventory | $5.000K | |
| Prepaid Expenses | ||
| Receivables | $0.00 | $30.00K |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $9.819K | $153.4K |
| YoY Change | -93.6% | -58.55% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $225.1K | $230.3K |
| YoY Change | -2.25% | -4.03% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | ||
| YoY Change | ||
| Total Long-Term Assets | $225.1K | $230.3K |
| YoY Change | -2.25% | 0.14% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $9.819K | $153.4K |
| Total Long-Term Assets | $225.1K | $230.3K |
| Total Assets | $234.9K | $383.7K |
| YoY Change | -38.77% | -36.05% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $180.0K | $170.0K |
| YoY Change | 5.88% | 6.25% |
| Accrued Expenses | ||
| YoY Change | ||
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $2.150M | $2.150M |
| YoY Change | 0.0% | 11.4% |
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $2.373M | $2.368M |
| YoY Change | 0.22% | 8.62% |
| 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 | $2.373M | $2.368M |
| Total Long-Term Liabilities | $0.00 | $0.00 |
| Total Liabilities | $2.373M | $2.368M |
| YoY Change | 0.22% | 8.62% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$4.822M | -$4.668M |
| YoY Change | 3.3% | |
| 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 | -$2.138M | -$1.984M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $234.9K | $383.7K |
| YoY Change | -38.77% | -36.05% |
Cashflow Statement
| Concept | 2013 Q2 | 2012 Q2 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$23.49K | -$109.7K |
| YoY Change | -78.59% | -366.45% |
| Depreciation, Depletion And Amortization | $1.298K | $1.298K |
| YoY Change | 0.0% | 0.0% |
| Cash From Operating Activities | -$31.45K | $6.992K |
| YoY Change | -549.83% | -113.39% |
| 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 | $29.63K | $75.51K |
| YoY Change | -60.76% | 50.57% |
| NET CHANGE | ||
| Cash From Operating Activities | -$31.45K | $6.992K |
| Cash From Investing Activities | ||
| Cash From Financing Activities | $29.63K | $75.51K |
| Net Change In Cash | -$1.823K | $82.50K |
| YoY Change | -102.21% | -4101.02% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$31.45K | $6.992K |
| Capital Expenditures | ||
| Free Cash Flow | ||
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2013Q2 | dei |
Amendment Flag
AmendmentFlag
|
false | |
| CY2013Q2 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2014 | |
| CY2013Q2 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2013-05-31 | |
| CY2013Q1 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
1015000 | USD |
| CY2013Q1 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
2900000 | USD |
| CY2013Q3 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
3512527 | shares |
| CY2013Q2 | dei |
Entity Registrant Name
EntityRegistrantName
|
UNITED STATES BASKETBALL LEAGUE INC | |
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Entity Central Index Key
EntityCentralIndexKey
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0000764630 | |
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Current Fiscal Year End Date
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--02-28 | |
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Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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|
51872 | USD |
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Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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|
50574 | USD |
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Common Stock Par Or Stated Value Per Share
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|
0.01 | |
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Common Stock Par Or Stated Value Per Share
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0.01 | |
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Common Stock Shares Authorized
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30000000 | shares |
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Common Stock Shares Authorized
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Common Stock Shares Issued
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10-Q | |
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Q1 | |
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usbl | |
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Smaller Reporting Company | |
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0.01 | |
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Preferred Stock Shares Authorized
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Preferred Stock Shares Authorized
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Preferred Stock Shares Issued
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Preferred Stock Shares Issued
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Preferred Stock Shares Outstanding
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Other Cost Of Operating Revenue
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Costs And Expenses
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Interest Paid
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Interest Paid
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Net Income Loss
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Net Income Loss
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Nonoperating Income Expense
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Earnings Per Share Basic
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Earnings Per Share Diluted
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|
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Weighted Average Number Of Shares Outstanding Basic
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Net Cash Provided By Used In Financing Activities
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Net Cash Provided By Used In Financing Activities
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Income Taxes Paid
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Income Taxes Paid
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Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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Working Capital Deficit
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Marketable Securities Gain Loss
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Preferred Stock Shares Outstanding
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Treasury Stock Shares
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Treasury Stock Shares
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Cash And Cash Equivalents At Carrying Value
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Cash And Cash Equivalents At Carrying Value
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Marketable Securities Current
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Property Plant And Equipment Net
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225128 | USD |
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Property Plant And Equipment Net
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226426 | USD |
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Lines Of Credit Current
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Lines Of Credit Current
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Common Stock Value
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Common Stock Value
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Preferred Stock Value
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Preferred Stock Value
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Additional Paid In Capital
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|
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Additional Paid In Capital
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|
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Retained Earnings Accumulated Deficit
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|
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Retained Earnings Accumulated Deficit
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|
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Treasury Stock Value
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|
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| CY2013Q1 | us-gaap |
Treasury Stock Value
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Stockholders Equity
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Stockholders Equity
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Liabilities And Stockholders Equity
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Liabilities And Stockholders Equity
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Other Sales Revenue Net
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Revenues
Revenues
|
11946 | USD |
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Salaries And Wages
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Salaries And Wages
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|
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Travel And Entertainment Expense
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|
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| CY2013Q2 | us-gaap |
Depreciation
Depreciation
|
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Depreciation
Depreciation
|
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| CY2013Q2 | us-gaap |
Other Cost Of Operating Revenue
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|
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Costs And Expenses
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|
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Operating Income Loss
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Interest Expense
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Interest Expense
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Nonoperating Income Expense
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|
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| CY2012Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.03 | |
| CY2012Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.03 | |
| CY2012Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
3512527 | shares |
| CY2013Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
4618206 | shares |
| CY2012Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
4618206 | shares |
| CY2012Q2 | us-gaap |
Other Sales Revenue Net
OtherSalesRevenueNet
|
9000 | USD |
| CY2013Q2 | us-gaap |
Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
|
-4106 | USD |
| CY2012Q2 | us-gaap |
Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
|
-152557 | USD |
| CY2013Q2 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
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|
-9573 | USD |
| CY2012Q2 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
2213 | USD |
| CY2013Q2 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-3789 | USD |
| CY2012Q2 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-39353 | USD |
| CY2013Q2 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-31452 | USD |
| CY2012Q2 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
6992 | USD |
| CY2013Q2 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
35450 | USD |
| CY2012Q2 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-1895 | USD |
| CY2013Q2 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-1823 | USD |
| CY2012Q2 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
82501 | USD |
| CY2012Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
4834 | USD |
| CY2012Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
87335 | USD |
| CY2013Q2 | dei |
Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
|
1984-05-29 | |
| CY2013Q2 | us-gaap |
Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
|
-2059 | USD |
| CY2012Q2 | us-gaap |
Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
|
10377 | USD |
| CY2013 | us-gaap |
Operating Loss Carryforwards Expiration Dates
OperatingLossCarryforwardsExpirationDates
|
2019 to 2033 | |
| CY2013Q2 | us-gaap |
Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
|
P30Y | |
| CY2013Q2 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="clear:both;FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="clear:both;FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt;TEXT-ALIGN: justify; MARGIN: 0pt 0px 0pt 0.5in; FONT: 10pt Times New Roman, Times, Serif"> <b><i>Estimates</i></b> – The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</div> </div> | |
| CY2013Q2 | us-gaap |
Buildings And Improvements Gross
BuildingsAndImprovementsGross
|
155747 | USD |
| CY2013Q1 | us-gaap |
Buildings And Improvements Gross
BuildingsAndImprovementsGross
|
155747 | USD |
| CY2013Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
277000 | USD |
| CY2013Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
277000 | USD |
| CY2013Q1 | usbl |
Marketable Securities Amortized Cost Basis
MarketableSecuritiesAmortizedCostBasis
|
2047 | USD |
| CY2013Q2 | us-gaap |
Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
|
4298 | USD |
| CY2012Q2 | us-gaap |
Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
|
-75197 | USD |
| CY2013Q2 | us-gaap |
Land
Land
|
121253 | USD |
| CY2013Q1 | us-gaap |
Land
Land
|
121253 | USD |
| CY2013Q2 | us-gaap |
Notes Payable Related Parties Current And Noncurrent
NotesPayableRelatedPartiesCurrentAndNoncurrent
|
73787 | USD |
| CY2013Q1 | us-gaap |
Notes Payable Related Parties Current And Noncurrent
NotesPayableRelatedPartiesCurrentAndNoncurrent
|
69887 | USD |
| CY2013Q2 | us-gaap |
Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
|
2153628 | USD |
| CY2013Q1 | us-gaap |
Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
|
2159449 | USD |
| CY2013Q2 | us-gaap |
Due To Related Parties Noncurrent
DueToRelatedPartiesNoncurrent
|
0 | USD |
| CY2013Q1 | us-gaap |
Due To Related Parties Noncurrent
DueToRelatedPartiesNoncurrent
|
0 | USD |
| CY2013Q2 | us-gaap |
Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
|
0.02 | pure |
