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SHOREPOWER TECHNOLOGIES INC.

2015 Q1 Form 10-Q Financial Statement

#000114420415002214 Filed on January 14, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q4 2013 Q4
Revenue $0.00 $0.00 $11.95K
YoY Change -100.0% -100.0% 19.46%
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% -33.33%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $0.00 $0.00 $1.298K
YoY Change -100.0% -100.0% 0.0%
% of Gross Profit
Operating Expenses $20.00K $20.00K $30.00K
YoY Change 0.0% -33.33% -25.0%
Operating Profit -$23.09K -$16.14K
YoY Change 43.05% -44.3%
Interest Expense $0.00 $427.00 $5.002K
YoY Change -91.46% -12.29%
% of Operating Profit
Other Income/Expense, Net $0.00 -$427.00 -$5.002K
YoY Change -91.46% -71.57%
Pretax Income -$20.00K -$23.51K -$20.00K
YoY Change 100.0% 17.57% -60.0%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$20.00K -$23.51K -$21.14K
YoY Change 100.0% 11.23% -54.6%
Net Earnings / Revenue -176.96%
Basic Earnings Per Share -$0.01 -$0.01
Diluted Earnings Per Share -$5.698K -$0.01 -$0.01
COMMON SHARES
Basic Shares Outstanding 3.513M shares 3.513M shares 3.513M shares
Diluted Shares Outstanding 3.513M shares 3.513M shares

Balance Sheet

Concept 2015 Q1 2014 Q4 2013 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $0.00 $0.00 $20.00K
YoY Change -100.0% -100.0% 0.0%
Cash & Equivalents $614.00 $4.320K $17.74K
Short-Term Investments $0.00
Other Short-Term Assets $0.00 $0.00
YoY Change
Inventory
Prepaid Expenses $0.00
Receivables $0.00
Other Receivables $0.00
Total Short-Term Assets $614.00 $0.00 $20.00K
YoY Change -95.73% -100.0% -66.67%
LONG-TERM ASSETS
Property, Plant & Equipment $0.00 $0.00 $220.0K
YoY Change -100.0% -100.0% -4.35%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $0.00 $0.00 $220.0K
YoY Change -100.0% -100.0% -4.35%
TOTAL ASSETS
Total Short-Term Assets $614.00 $0.00 $20.00K
Total Long-Term Assets $0.00 $0.00 $220.0K
Total Assets $614.00 $0.00 $240.0K
YoY Change -99.74% -100.0% -17.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $130.0K $120.0K $180.0K
YoY Change -27.78% -33.33% -5.26%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $1.970M $1.960M $2.250M
YoY Change -12.83% -12.89% 5.14%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.111M $2.090M $2.440M
YoY Change -13.83% -14.34% 3.39%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $2.111M $2.090M $2.440M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $2.111M $2.090M $2.440M
YoY Change -13.83% -14.34% 3.39%
SHAREHOLDERS EQUITY
Retained Earnings -$4.794M
YoY Change -2.12%
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 39.98K shares
Shareholders Equity -$2.110M -$2.090M -$2.200M
YoY Change
Total Liabilities & Shareholders Equity $614.00 $0.00 $240.0K
YoY Change -99.74% -100.0% -17.24%

Cashflow Statement

Concept 2015 Q1 2014 Q4 2013 Q4
OPERATING ACTIVITIES
Net Income -$20.00K -$23.51K -$21.14K
YoY Change 100.0% 11.23% -54.6%
Depreciation, Depletion And Amortization $0.00 $0.00 $1.298K
YoY Change -100.0% -100.0% 0.0%
Cash From Operating Activities -$10.00K -$20.00K -$20.00K
YoY Change -50.0% 0.0% 100.0%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change
Cash From Investing Activities $0.00 $0.00
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 10.00K -10.00K 20.00K
YoY Change -50.0% -150.0% -150.0%
NET CHANGE
Cash From Operating Activities -10.00K -20.00K -20.00K
Cash From Investing Activities 0.000 0.000
Cash From Financing Activities 10.00K -10.00K 20.00K
Net Change In Cash 0.000 -30.00K 0.000
YoY Change -100.0%
FREE CASH FLOW
Cash From Operating Activities -$10.00K -$20.00K -$20.00K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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us-gaap Salaries And Wages
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CY2014Q4 us-gaap Salaries And Wages
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us-gaap Professional Fees
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us-gaap Lease And Rental Expense
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us-gaap Lease And Rental Expense
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us-gaap Travel And Entertainment Expense
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us-gaap Travel And Entertainment Expense
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us-gaap Depreciation
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us-gaap Other Cost Of Operating Revenue
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us-gaap Operating Income Loss
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us-gaap Nonoperating Income Expense
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CY2013Q4 us-gaap Nonoperating Income Expense
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us-gaap Gain Loss On Sale Of Properties
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us-gaap Interest Expense
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dei Document Type
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10-Q
dei Amendment Flag
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dei Document Period End Date
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2014-11-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
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
EntityFilerCategory
Smaller Reporting Company
dei Trading Symbol
TradingSymbol
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us-gaap Officers Compensation
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us-gaap Officers Compensation
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CY2014Q4 us-gaap Officers Compensation
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8000 USD

Files In Submission

Name View Source Status
0001144204-15-002214-index-headers.html Edgar Link pending
0001144204-15-002214-index.html Edgar Link pending
0001144204-15-002214.txt Edgar Link pending
0001144204-15-002214-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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R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
usbl-20141130.xml Edgar Link completed
usbl-20141130.xsd Edgar Link pending
usbl-20141130_cal.xml Edgar Link unprocessable
usbl-20141130_def.xml Edgar Link unprocessable
usbl-20141130_lab.xml Edgar Link unprocessable
usbl-20141130_pre.xml Edgar Link unprocessable
v397884_10q.htm Edgar Link pending
v397884_ex31-1.htm Edgar Link pending
v397884_ex31-2.htm Edgar Link pending
v397884_ex32.htm Edgar Link pending