United States Basketball League Inc. (USBL) financial statements (2021 and earlier)

Company profile

Business Address 46 QUIRK ROAD
MILFORD, CT 06460
State of Incorp. DE
Fiscal Year End February 28
SIC 6794 - Patent Owners and Lessors (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

2/28/2018
2/28/2017
2/29/2016
2/28/2015
2/28/2014
2/28/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments00011116
Cash and cash equivalents00011112
Short-term investments     4
Receivables     35
Prepaid expense    3
Total current assets:00011451
Noncurrent Assets
Inventory, real estate   (220)
Property, plant and equipment   (51)221226
Other undisclosed noncurrent assets   270  
Total noncurrent assets:    221226
TOTAL ASSETS:0001236278
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:208192172134176187
Accrued liabilities191172    
Taxes payable 4    
Interest and dividends payable1414    
Other undisclosed accounts payable and accrued liabilities33172134176187
Debt57671246
Due to related parties2,0942,0562,0151,9692,2612,159
Total current liabilities:2,3072,2552,1942,1112,4492,392
Noncurrent Liabilities
Total liabilities:2,3072,2552,1942,1112,4492,392
Stockholders' equity
Stockholders' equity attributable to parent(2,307)(2,254)(2,193)(2,110)(2,214)(2,115)
Preferred stock111111111111
Common stock363636363636
Treasury stock, value(42)(42)(42)(42)(42)(42)
Additional paid in capital2,6802,6802,6802,6802,6802,680
Accumulated deficit(4,991)(4,938)(4,877)(4,794)(4,898)(4,799)
Total stockholders' equity:(2,307)(2,254)(2,193)(2,110)(2,214)(2,115)
TOTAL LIABILITIES AND EQUITY:0001236278

Income statement (P&L) ($ in thousands)

2/28/2018
2/28/2017
2/29/2016
2/28/2015
2/28/2014
2/28/2013
Revenues   144838
Revenue, net   (406)4838
Cost of revenue(2)(2)(13)(12)(101)(135)
Cost of goods and services sold   7  
Other cost of operating revenue (2)(13)(11)(18)(125)
Gross profit:(2)(2)(13)2(53)(98)
Operating expenses(47)(57)(68)(85)(27)(58)
Operating loss:(49)(60)(81)(84)(81)(156)
Nonoperating income (expense)(4)(1)(2)187(18)(84)
Interest and debt expense(4)(1)(2)(6)(20)(24)
Net income (loss):(56)(62)(85)98(119)(264)
Other undisclosed net income attributable to parent41262024
Net income (loss) available to common stockholders, diluted:(52)(61)(83)104(99)(240)

Comprehensive Income ($ in thousands)

2/28/2018
2/28/2017
2/29/2016
2/28/2015
2/28/2014
2/28/2013
Net income (loss):(56)(62)(85)98(119)(264)
Comprehensive income (loss), net of tax, attributable to parent:(56)(62)(85)98(119)(264)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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