$SPEV
SHOREPOWER TECHNOLOGIES INC.

2016 Q4 Form 10-Q Financial Statement

#000114420417040536 Filed on August 04, 2017

View on sec.gov

Income Statement

Concept 2016 Q4 2015 Q4
Revenue $0.00 $0.00
YoY Change
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 $0.00
YoY Change
% of Gross Profit
Operating Expenses $10.00K $20.00K
YoY Change -50.0% 0.0%
Operating Profit -$16.30K
YoY Change -29.41%
Interest Expense $0.00 $314.00
YoY Change -100.0% -26.46%
% of Operating Profit
Other Income/Expense, Net $0.00 -$314.00
YoY Change -100.0% -26.46%
Pretax Income -$14.16K -$16.61K
YoY Change -14.74% -29.36%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$10.00K -$16.61K
YoY Change -39.8% -29.36%
Net Earnings / Revenue
Basic Earnings Per Share -$0.01
Diluted Earnings Per Share -$2.849K -$0.01
COMMON SHARES
Basic Shares Outstanding 3.513M shares
Diluted Shares Outstanding 3.513M shares

Balance Sheet

Concept 2016 Q4 2015 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $0.00 $0.00
YoY Change
Cash & Equivalents $0.00 $383.00
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $0.00 $383.00
YoY Change -100.0%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $0.00 $0.00
YoY Change
TOTAL ASSETS
Total Short-Term Assets $0.00 $383.00
Total Long-Term Assets $0.00 $0.00
Total Assets $0.00 $383.00
YoY Change -100.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $190.0K $170.0K
YoY Change 11.76% 41.67%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $2.050M $2.000M
YoY Change 2.5% 2.04%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.250M $2.179M
YoY Change 3.26% 4.26%
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 $2.250M $2.179M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $2.250M $2.179M
YoY Change 3.26% 4.26%
SHAREHOLDERS EQUITY
Retained Earnings -$4.863M
YoY Change
Common Stock $35.53K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $42.45K
YoY Change
Treasury Stock Shares 39.98K shares 39.98K shares
Shareholders Equity -$2.250M -$2.179M
YoY Change
Total Liabilities & Shareholders Equity $0.00 $383.00
YoY Change -100.0%

Cashflow Statement

Concept 2016 Q4 2015 Q4
OPERATING ACTIVITIES
Net Income -$10.00K -$16.61K
YoY Change -39.8% -29.36%
Depreciation, Depletion And Amortization $0.00
YoY Change
Cash From Operating Activities -$10.00K -$10.00K
YoY Change 0.0% -50.0%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities $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
YoY Change 0.0% -200.0%
NET CHANGE
Cash From Operating Activities -10.00K -10.00K
Cash From Investing Activities 0.000
Cash From Financing Activities 10.00K 10.00K
Net Change In Cash 0.000 0.000
YoY Change -100.0%
FREE CASH FLOW
Cash From Operating Activities -$10.00K -$10.00K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2016Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-14161 USD
CY2015Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-16610 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-52865 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-59229 USD
CY2016Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2015Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9391 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-37839 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-35653 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
77 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-231 USD
CY2015Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
614 USD
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
383 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
35422 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
37916 USD
us-gaap Interest Paid
InterestPaid
945 USD
us-gaap Interest Paid
InterestPaid
1525 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
4290 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
2000 USD
CY2016Q4 usbl Working Capital Deficit
WorkingCapitalDeficit
2246044 USD
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1105679 shares
CY2016Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
53713 USD
CY2016Q4 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
7253 USD
CY2016Q4 us-gaap Accrued Rent Current
AccruedRentCurrent
105000 USD
CY2016Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
3664 USD
CY2016Q4 us-gaap Interest Payable Current
InterestPayableCurrent
13562 USD
CY2016Q4 us-gaap Deposits
Deposits
2725 USD
CY2016Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
882 USD
CY2016Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
2053044 USD
us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.02 pure
CY2016Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
us-gaap Professional Fees
ProfessionalFees
23978 USD
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
35422 USD
us-gaap Professional Fees
ProfessionalFees
31662 USD
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
37916 USD
us-gaap Other General Expense
OtherGeneralExpense
14699 USD
CY2016Q4 us-gaap Travel And Entertainment Expense
TravelAndEntertainmentExpense
56 USD
us-gaap Other General Expense
OtherGeneralExpense
13813 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
9000 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
9000 USD
us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
2936 USD
us-gaap Costs And Expenses
CostsAndExpenses
57704 USD
us-gaap Interest Expense
InterestExpense
945 USD
us-gaap Interest Expense
InterestExpense
1525 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-945 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1525 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-51920 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-57704 USD
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.02
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.02
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.02
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.02
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3512527 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3512527 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3512527 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3512527 shares
us-gaap Net Income Loss
NetIncomeLoss
-52865 USD
us-gaap Net Income Loss
NetIncomeLoss
-68620 USD
us-gaap Travel And Entertainment Expense
TravelAndEntertainmentExpense
2251 USD
us-gaap Travel And Entertainment Expense
TravelAndEntertainmentExpense
293 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
14300 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
34337 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
726 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-1370 USD
CY2016Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
44985 USD
CY2016Q1 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
6101 USD
CY2016Q1 us-gaap Accrued Rent Current
AccruedRentCurrent
96000 USD
CY2016Q1 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
7954 USD
CY2016Q1 us-gaap Interest Payable Current
InterestPayableCurrent
13562 USD
CY2016Q1 us-gaap Deposits
Deposits
2725 USD
CY2016Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1172 USD
CY2016Q1 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
2015128 USD
CY2016Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000 shares
CY2016Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000 shares
CY2016Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2016Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
30000000 shares
CY2016Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
30000000 shares
CY2016Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
3552502 shares
CY2016Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
3552502 shares
CY2016Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2016Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2016Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
1105679 shares
CY2016Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
1105679 shares
CY2016Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
1105679 shares
CY2016Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
1105679 shares
CY2016Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
39975 shares
CY2016Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
39975 shares
CY2016Q4 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
0 USD
CY2015Q4 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
0 USD
us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
0 USD
us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
0 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
0 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
0 USD
dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
1984-05-29
usbl Operating Losses Carryforward Expiration Date
OperatingLossesCarryforwardExpirationDate
2019 to 2035
CY2016Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1105679 shares
CY2015Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1105679 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1105679 shares

Files In Submission

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0001144204-17-040536-index-headers.html Edgar Link pending
0001144204-17-040536-index.html Edgar Link pending
0001144204-17-040536.txt Edgar Link pending
0001144204-17-040536-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
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R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
usbl-20161130.xml Edgar Link completed
usbl-20161130.xsd Edgar Link pending
usbl-20161130_cal.xml Edgar Link unprocessable
usbl-20161130_def.xml Edgar Link unprocessable
usbl-20161130_lab.xml Edgar Link unprocessable
usbl-20161130_pre.xml Edgar Link unprocessable
v472197_10q.htm Edgar Link pending
v472197_ex31-1.htm Edgar Link pending
v472197_ex31-2.htm Edgar Link pending
v472197_ex32.htm Edgar Link pending