$SPEV
SHOREPOWER TECHNOLOGIES INC.

2014 Q3 Form 10-Q Financial Statement

#000114420414061311 Filed on October 15, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2013 Q3
Revenue $1.995K $11.95K
YoY Change -83.3% 32.73%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $30.00K $40.00K
YoY Change -25.0% 300.0%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $270.00 $1.298K
YoY Change -79.2% 0.0%
% of Gross Profit
Operating Expenses $30.00K $50.00K
YoY Change -40.0% -16.67%
Operating Profit -$32.44K -$34.89K
YoY Change -7.04% -34.53%
Interest Expense $488.00 $5.318K
YoY Change -90.82% -1.26%
% of Operating Profit
Other Income/Expense, Net $192.4K -$5.318K
YoY Change -3718.71% -190.49%
Pretax Income $160.0K -$40.00K
YoY Change -500.02% -20.0%
Income Tax $0.00
% Of Pretax Income 0.0%
Net Earnings $160.0K -$40.21K
YoY Change -497.92% -15.2%
Net Earnings / Revenue 8020.35% -336.61%
Basic Earnings Per Share $0.05 -$0.01
Diluted Earnings Per Share $0.03 -$0.01
COMMON SHARES
Basic Shares Outstanding 3.513M shares 3.513M shares
Diluted Shares Outstanding 4.618M shares 3.513M shares

Balance Sheet

Concept 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $30.00K $10.00K
YoY Change 200.0% -90.0%
Cash & Equivalents $29.71K $12.65K
Short-Term Investments $0.00
Other Short-Term Assets $0.00
YoY Change
Inventory
Prepaid Expenses $0.00
Receivables $0.00
Other Receivables $0.00
Total Short-Term Assets $29.71K $12.65K
YoY Change 134.82% -90.27%
LONG-TERM ASSETS
Property, Plant & Equipment $0.00 $223.8K
YoY Change -100.0% -2.68%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $0.00 $223.8K
YoY Change -100.0% -2.68%
TOTAL ASSETS
Total Short-Term Assets $29.71K $12.65K
Total Long-Term Assets $0.00 $223.8K
Total Assets $29.71K $236.5K
YoY Change -87.44% -34.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $120.0K $180.0K
YoY Change -33.33% 0.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $1.970M $2.220M
YoY Change -11.26% 2.3%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.096M $2.415M
YoY Change -13.21% 1.04%
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 $2.096M $2.415M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $2.096M $2.415M
YoY Change -13.21% 1.04%
SHAREHOLDERS EQUITY
Retained Earnings -$4.750M -$4.862M
YoY Change -2.31%
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 -$2.066M -$2.178M
YoY Change
Total Liabilities & Shareholders Equity $29.71K $236.5K
YoY Change -87.44% -34.31%

Cashflow Statement

Concept 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income $160.0K -$40.21K
YoY Change -497.92% -15.2%
Depreciation, Depletion And Amortization $270.00 $1.298K
YoY Change -79.2% 0.0%
Cash From Operating Activities -$90.00K -$70.00K
YoY Change 28.57% 40.0%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $410.0K
YoY Change
Cash From Investing Activities $410.0K
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 -300.0K 70.00K
YoY Change -528.57% 250.0%
NET CHANGE
Cash From Operating Activities -90.00K -70.00K
Cash From Investing Activities 410.0K
Cash From Financing Activities -300.0K 70.00K
Net Change In Cash 20.00K 0.000
YoY Change -100.0%
FREE CASH FLOW
Cash From Operating Activities -$90.00K -$70.00K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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2014-08-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Registrant Name
EntityRegistrantName
UNITED STATES BASKETBALL LEAGUE INC
dei Entity Central Index Key
EntityCentralIndexKey
0000764630
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--02-28
dei Entity Filer Category
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dei Trading Symbol
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Files In Submission

Name View Source Status
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0001144204-14-061311-index.html Edgar Link pending
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