$SPEV
SHOREPOWER TECHNOLOGIES INC.

2022 Form 10-K Financial Statement

#000141057822001878 Filed on June 15, 2022

View on sec.gov

Income Statement

Concept 2022 2021 Q1 2021
Revenue $5.000K $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $309.0K $10.00K $26.50K
YoY Change 1066.19% -35.73% -36.01%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $309.0K $10.00K $26.50K
YoY Change 1066.3% -33.73% -36.01%
Operating Profit -$304.0K -$26.50K
YoY Change 1047.43%
Interest Expense $1.699M
YoY Change
% of Operating Profit
Other Income/Expense, Net -$1.769M
YoY Change
Pretax Income -$2.073M -$10.00K -$26.50K
YoY Change 7724.11% -33.73% -36.01%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$2.073M -$10.00K -$26.50K
YoY Change 7725.0% -33.73% -36.01%
Net Earnings / Revenue -41467.8%
Basic Earnings Per Share -$0.36 $0.00
Diluted Earnings Per Share -$0.36 -$2.950K $0.00
COMMON SHARES
Basic Shares Outstanding 5.753M 3.513M
Diluted Shares Outstanding 5.753M 3.513M

Balance Sheet

Concept 2022 2021 Q1 2021
SHORT-TERM ASSETS
Cash & Short-Term Investments $180.8K $0.00 $80.00
YoY Change 225850.0% -100.0% -73.33%
Cash & Equivalents $75.00
Short-Term Investments
Other Short-Term Assets $32.21K
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $213.0K $0.00 $80.00
YoY Change 266100.0% -100.0% -73.33%
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 $75.00 $0.00
YoY Change
TOTAL ASSETS
Total Short-Term Assets $213.0K $0.00 $80.00
Total Long-Term Assets $0.00 $75.00 $0.00
Total Assets $213.0K $75.00 $80.00
YoY Change 266100.0% -75.0% -73.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $13.48K $270.0K $271.2K
YoY Change -95.03% 9.81% 10.28%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $2.160M $2.160M
YoY Change -100.0% 0.06% 0.05%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $13.48K $2.436M $2.436M
YoY Change -99.45% 1.09% 1.09%
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 $13.48K $2.436M $2.436M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $13.48K $2.436M $2.436M
YoY Change -99.45% 1.09% 1.09%
SHAREHOLDERS EQUITY
Retained Earnings -$5.120M
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
Shareholders Equity $199.5K -$2.436M -$2.436M
YoY Change
Total Liabilities & Shareholders Equity $213.0K $75.00 $80.00
YoY Change 266100.0% -75.0% -73.33%

Cashflow Statement

Concept 2022 2021 Q1 2021
OPERATING ACTIVITIES
Net Income -$2.073M -$10.00K -$26.50K
YoY Change 7725.0% -33.73% -36.01%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$118.0K $1.080K -$1.226K
YoY Change 9523.9% -134.95% -94.94%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change
Cash From Investing Activities $0.00 $0.00 $0.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $240.0K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 298.7K 0.000 1.000K
YoY Change 29767.0% -100.0% -95.88%
NET CHANGE
Cash From Operating Activities -118.0K 1.080K -1.226K
Cash From Investing Activities 0.000 0.000 0.000
Cash From Financing Activities 298.7K 0.000 1.000K
Net Change In Cash 180.7K 1.080K -226.0
YoY Change -80047.35% -417.65%
FREE CASH FLOW
Cash From Operating Activities -$118.0K $1.080K -$1.226K
Capital Expenditures
Free Cash Flow
YoY Change

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