$SPEV
SHOREPOWER TECHNOLOGIES INC.

2014 Q2 Form 10-Q Financial Statement

#000114420414043828 Filed on July 21, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $11.95K $11.95K
YoY Change 0.0% 32.73%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $10.00K $20.00K
YoY Change -50.0% 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 $20.00K $30.00K
YoY Change -33.33% -40.0%
Operating Profit -$8.112K -$20.01K
YoY Change -59.47% -46.39%
Interest Expense $4.414K $5.720K
YoY Change -22.83% -24.47%
% of Operating Profit
Other Income/Expense, Net -$4.414K -$3.481K
YoY Change 26.8% -95.19%
Pretax Income -$10.00K -$20.00K
YoY Change -50.0% -81.82%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$12.53K -$23.49K
YoY Change -46.68% -78.59%
Net Earnings / Revenue -104.86% -196.67%
Basic Earnings Per Share $0.00 -$0.01
Diluted Earnings Per Share $0.00 -$0.01
COMMON SHARES
Basic Shares Outstanding 3.513M shares 3.513M shares
Diluted Shares Outstanding 3.513M shares 3.513M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.00K $10.00K
YoY Change 0.0% -91.67%
Cash & Equivalents $13.73K $9.819K
Short-Term Investments $0.00
Other Short-Term Assets $0.00
YoY Change
Inventory
Prepaid Expenses
Receivables $0.00
Other Receivables $0.00
Total Short-Term Assets $10.00K $9.819K
YoY Change 1.84% -93.6%
LONG-TERM ASSETS
Property, Plant & Equipment $220.0K $225.1K
YoY Change -2.28% -2.25%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $220.0K $225.1K
YoY Change -2.28% -2.25%
TOTAL ASSETS
Total Short-Term Assets $10.00K $9.819K
Total Long-Term Assets $220.0K $225.1K
Total Assets $230.0K $234.9K
YoY Change -2.11% -38.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $170.0K $180.0K
YoY Change -5.56% 5.88%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $2.280M $2.150M
YoY Change 6.05% 0.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.460M $2.373M
YoY Change 3.66% 0.22%
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 $2.460M $2.373M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $2.460M $2.373M
YoY Change 3.66% 0.22%
SHAREHOLDERS EQUITY
Retained Earnings -$4.822M
YoY Change 3.3%
Common Stock $35.53K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $42.45K
YoY Change 0.0%
Treasury Stock Shares 39.98K shares 39.98K shares
Shareholders Equity -$2.226M -$2.138M
YoY Change
Total Liabilities & Shareholders Equity $230.0K $234.9K
YoY Change -2.11% -38.77%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income -$12.53K -$23.49K
YoY Change -46.68% -78.59%
Depreciation, Depletion And Amortization $1.298K $1.298K
YoY Change 0.0% 0.0%
Cash From Operating Activities -$11.67K -$31.45K
YoY Change -62.9% -549.83%
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 $14.42K $29.63K
YoY Change -51.34% -60.76%
NET CHANGE
Cash From Operating Activities -$11.67K -$31.45K
Cash From Investing Activities
Cash From Financing Activities $14.42K $29.63K
Net Change In Cash $2.749K -$1.823K
YoY Change -250.8% -102.21%
FREE CASH FLOW
Cash From Operating Activities -$11.67K -$31.45K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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CY2014Q1 us-gaap Liabilities
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CY2013Q2 us-gaap Salaries And Wages
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CY2014Q2 us-gaap Salaries And Wages
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CY2013Q2 usbl Fees For Transfer Agent And Edgar Agent
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CY2014Q2 usbl Fees For Transfer Agent And Edgar Agent
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CY2013Q2 us-gaap Lease And Rental Expense
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CY2014Q2 dei Amendment Flag
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CY2014Q2 dei Document Period End Date
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2014-05-31
CY2014Q2 dei Document Fiscal Year Focus
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2015
CY2014Q2 dei Document Fiscal Period Focus
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Q1
CY2014Q2 dei Entity Registrant Name
EntityRegistrantName
UNITED STATES BASKETBALL LEAGUE INC
CY2014Q2 dei Entity Central Index Key
EntityCentralIndexKey
0000764630
CY2014Q2 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--02-28
CY2014Q2 dei Entity Filer Category
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Smaller Reporting Company
CY2014Q2 dei Trading Symbol
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USBL
CY2014Q3 dei Entity Common Stock Shares Outstanding
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3512527 shares

Files In Submission

Name View Source Status
0001144204-14-043828-index-headers.html Edgar Link pending
0001144204-14-043828-index.html Edgar Link pending
0001144204-14-043828.txt Edgar Link pending
0001144204-14-043828-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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report.css Edgar Link pending
Show.js Edgar Link pending
usbl-20140531.xml Edgar Link completed
usbl-20140531.xsd Edgar Link pending
usbl-20140531_cal.xml Edgar Link unprocessable
usbl-20140531_def.xml Edgar Link unprocessable
usbl-20140531_lab.xml Edgar Link unprocessable
usbl-20140531_pre.xml Edgar Link unprocessable
v383231_10q.htm Edgar Link pending
v383231_ex31-1.htm Edgar Link pending
v383231_ex31-2.htm Edgar Link pending
v383231_ex32.htm Edgar Link pending