$SPEV
SHOREPOWER TECHNOLOGIES INC.

2016 Form 10-K Financial Statement

#000114420416093244 Filed on April 07, 2016

View on sec.gov

Income Statement

Concept 2016 2015 Q1 2015
Revenue $0.00 $0.00 $13.94K
YoY Change -100.0% -100.0% -70.82%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $68.13K $20.00K $85.35K
YoY Change -20.18% 0.0% -22.41%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $0.00 $0.00 $1.568K
YoY Change -100.0% -100.0% -69.8%
% of Gross Profit
Operating Expenses $81.43K $20.00K $97.56K
YoY Change -16.53% 0.0% -24.95%
Operating Profit -$81.43K -$83.61K
YoY Change -2.61% 3.61%
Interest Expense $1.795K $0.00 $5.685K
YoY Change -68.43% -72.25%
% of Operating Profit
Other Income/Expense, Net -$1.795K $0.00 $187.2K
YoY Change -100.96% -1126.34%
Pretax Income -$83.23K -$20.00K $103.6K
YoY Change -180.31% 100.0% -203.63%
Income Tax
% Of Pretax Income
Net Earnings -$83.23K -$20.00K $103.6K
YoY Change -180.31% 100.0% -204.74%
Net Earnings / Revenue 743.36%
Basic Earnings Per Share -$0.02 $0.03
Diluted Earnings Per Share -$0.02 -$5.698K $0.02
COMMON SHARES
Basic Shares Outstanding 3.513M shares 3.513M shares 3.513M shares
Diluted Shares Outstanding 3.513M shares 4.618M shares

Balance Sheet

Concept 2016 2015 Q1 2015
SHORT-TERM ASSETS
Cash & Short-Term Investments $420.00 $0.00 $610.00
YoY Change -31.15% -100.0% -93.9%
Cash & Equivalents $614.00 $610.00
Short-Term Investments
Other Short-Term Assets $0.00 $0.00
YoY Change
Inventory
Prepaid Expenses $0.00
Receivables
Other Receivables
Total Short-Term Assets $420.00 $614.00 $610.00
YoY Change -31.15% -95.73% -93.9%
LONG-TERM ASSETS
Property, Plant & Equipment $0.00 $0.00
YoY Change -100.0% -100.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
TOTAL ASSETS
Total Short-Term Assets $420.00 $614.00 $610.00
Total Long-Term Assets $0.00 $0.00 $0.00
Total Assets $420.00 $614.00 $610.00
YoY Change -31.15% -99.74% -99.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $170.0K $130.0K $133.9K
YoY Change 27.01% -27.78% -25.64%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $2.015M $1.970M $1.969M
YoY Change 2.32% -12.83% -12.86%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.194M $2.111M $2.111M
YoY Change 3.93% -13.83% -13.85%
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 $2.194M $2.111M $2.111M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $2.194M $2.111M $2.111M
YoY Change 3.93% -13.83% -13.85%
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
Shareholders Equity -$2.193M -$2.110M -$2.110M
YoY Change
Total Liabilities & Shareholders Equity $420.00 $614.00 $610.00
YoY Change -31.15% -99.74% -99.75%

Cashflow Statement

Concept 2016 2015 Q1 2015
OPERATING ACTIVITIES
Net Income -$83.23K -$20.00K $103.6K
YoY Change -180.31% 100.0% -204.74%
Depreciation, Depletion And Amortization $0.00 $0.00 $1.568K
YoY Change -100.0% -100.0% -69.8%
Cash From Operating Activities -$45.98K -$10.00K -$131.0K
YoY Change -64.9% -50.0% -5.06%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $412.6K
YoY Change -100.0%
Cash From Investing Activities $0.00 $0.00 $412.6K
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $45.78K 10.00K -292.0K
YoY Change -115.68% -50.0% -312.62%
NET CHANGE
Cash From Operating Activities -$45.98K -10.00K -131.0K
Cash From Investing Activities $0.00 0.000 412.6K
Cash From Financing Activities $45.78K 10.00K -292.0K
Net Change In Cash -$198.00 0.000 -10.37K
YoY Change -98.09% 1461.75%
FREE CASH FLOW
Cash From Operating Activities -$45.98K -$10.00K -$131.0K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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InterestExpense
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CY2015 us-gaap Interest Expense
InterestExpense
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CY2016 us-gaap Interest Paid
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1795 USD
CY2016 us-gaap Income Taxes Paid
IncomeTaxesPaid
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CY2016Q1 us-gaap Stockholders Equity
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CY2015Q1 us-gaap Stockholders Equity
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CY2016Q1 us-gaap Liabilities And Stockholders Equity
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CY2015Q1 us-gaap Liabilities And Stockholders Equity
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CY2016 us-gaap Other Sales Revenue Net
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0 USD
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CY2015 us-gaap Depreciation
Depreciation
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CY2016 us-gaap Other Cost Of Operating Revenue
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CY2016 us-gaap Professional Fees
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CY2015 us-gaap Other General Expense
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CY2016 us-gaap Lease And Rental Expense
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CY2015 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
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CY2016 us-gaap Depreciation
Depreciation
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CY2016 dei Entity Well Known Seasoned Issuer
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No
CY2016 dei Entity Voluntary Filers
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No
CY2016 dei Entity Current Reporting Status
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Yes
CY2016 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2015Q3 dei Entity Public Float
EntityPublicFloat
107024 USD
CY2016 dei Trading Symbol
TradingSymbol
USBL
CY2016Q2 dei Entity Common Stock Shares Outstanding
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CY2015Q1 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2016Q1 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2016Q1 us-gaap Assets
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CY2015Q1 us-gaap Assets
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CY2015Q1 us-gaap Accounts Payable And Accrued Liabilities Current
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CY2016Q1 us-gaap Lines Of Credit Current
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CY2015Q1 us-gaap Due To Related Parties Current
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CY2016Q1 us-gaap Liabilities Current
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CY2015Q1 us-gaap Liabilities Current
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CY2016Q1 us-gaap Liabilities
Liabilities
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CY2015Q1 us-gaap Liabilities
Liabilities
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CY2016Q1 us-gaap Common Stock Value
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CY2015Q1 us-gaap Common Stock Value
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35525 USD
CY2016Q1 us-gaap Preferred Stock Value
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CY2015Q1 us-gaap Preferred Stock Value
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CY2016Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
2679855 USD
CY2015Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
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CY2016Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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CY2015Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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CY2016Q1 us-gaap Treasury Stock Value
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CY2015Q1 us-gaap Treasury Stock Value
TreasuryStockValue
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CY2015 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
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CY2016 us-gaap Costs And Expenses
CostsAndExpenses
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CY2016 dei Entity Incorporation Date Of Incorporation
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1984-05-29
CY2016Q1 usbl Working Capital Deficit
WorkingCapitalDeficit
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CY2016Q1 us-gaap Operating Loss Carryforwards
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CY2014Q2 us-gaap Property Plant And Equipment Useful Life
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CY2016Q1 us-gaap Deferred Tax Assets Valuation Allowance
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CY2016 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2015 us-gaap Costs And Expenses
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CY2015 us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2016 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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CY2015 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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CY2015 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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CY2016 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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CY2016 us-gaap Nonoperating Income Expense
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CY2015 us-gaap Nonoperating Income Expense
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CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2016 us-gaap Gain Loss On Sale Of Properties
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CY2015 us-gaap Gain Loss On Sale Of Properties
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CY2016 us-gaap Net Income Loss
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CY2015 us-gaap Net Income Loss
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CY2016 us-gaap Officers Compensation
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CY2015 us-gaap Officers Compensation
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CY2016 us-gaap Increase Decrease In Prepaid Expense
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CY2015 us-gaap Increase Decrease In Prepaid Expense
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CY2016 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2016 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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CY2015Q1 us-gaap Notes Payable Related Parties Current And Noncurrent
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CY2016 us-gaap Use Of Estimates
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<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.5in" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.5in" align="justify"><b><i><font style="FONT-SIZE: 10pt">Estimates &#150;</font></i></b> <font style="FONT-SIZE: 10pt">The preparation of financial statements in conformity with accounting principles generally accepted in the United States 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.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
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CY2014Q1 us-gaap Buildings And Improvements Gross
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CY2015Q1 us-gaap Inventory Real Estate
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Files In Submission

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0001144204-16-093244.txt Edgar Link pending
0001144204-16-093244-xbrl.zip Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
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report.css Edgar Link pending
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usbl-20160229.xml Edgar Link completed
usbl-20160229.xsd Edgar Link pending
usbl-20160229_cal.xml Edgar Link unprocessable
usbl-20160229_def.xml Edgar Link unprocessable
usbl-20160229_lab.xml Edgar Link unprocessable
usbl-20160229_pre.xml Edgar Link unprocessable
v436083_10k.htm Edgar Link pending
v436083_ex31-1.htm Edgar Link pending
v436083_ex31-2.htm Edgar Link pending
v436083_ex32-2.htm Edgar Link pending