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)

11/30/2019
Q3
8/31/2019
Q2
5/31/2019
Q1
11/30/2018
Q3
8/31/2018
Q2
5/31/2018
Q1
2/28/2018
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments10 00 0
Cash and cash equivalents10 00 0
Total current assets:10 00 0
Noncurrent Assets
Other undisclosed assets  0    
TOTAL ASSETS:10000 0
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:234227229224212216208
Accrued liabilities218211212208196196191
Interest and dividends payable14141414141414
Other undisclosed accounts payable and accrued liabilities3333373
Debt5666665
Due to related parties2,1562,1532,1412,1312,1262,1042,094
Other undisclosed current liabilities  (0)    
Total current liabilities:2,3952,3862,3752,3612,3442,3252,307
Noncurrent Liabilities
Total liabilities:2,3952,3862,3752,3612,3442,3252,307
Stockholders' equity
Stockholders' equity attributable to parent(2,394)(2,386)(2,375)(2,361)(2,343)(2,325)(2,307)
Preferred stock11111111111111
Common stock36363636363636
Treasury stock, value(42)(42)(42)(42)(42)(42)(42)
Additional paid in capital2,6802,6802,6802,6802,6802,6802,680
Accumulated deficit(5,078)(5,070)(5,059)(5,045)(5,027)(5,009)(4,991)
Total stockholders' equity:(2,394)(2,386)(2,375)(2,361)(2,343)(2,325)(2,307)
TOTAL LIABILITIES AND EQUITY:10000 0

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

11/30/2019
Q3
8/31/2019
Q2
5/31/2019
Q1
11/30/2018
Q3
8/31/2018
Q2
5/31/2018
Q1
2/28/2018
Q4
Other cost of operating revenue(0)(0)(0)(0)(0)(0) 
Gross profit:(3)(3)(3)(0)(0)(0)1
Operating expenses(5)(8)(4)(17)(18)(18)(12)
Operating loss:(8)(11)(7)(17)(18)(18)(12)
Nonoperating expense   (1) (0)(3)
Interest and debt expense   (1) (0)(3)
Loss from continuing operations before equity method investments, income taxes:(8)(11)(7)(19)(18)(19)(17)
Other undisclosed income (loss) from continuing operations before income taxes   1  (1)
Net loss:(8)(11)(7)(18)(18)(19)(18)
Other undisclosed net income attributable to parent     04
Net loss available to common stockholders, diluted:(8)(11)(7)(18)(18)(19)(14)

Comprehensive Income ($ in thousands)

11/30/2019
Q3
8/31/2019
Q2
5/31/2019
Q1
11/30/2018
Q3
8/31/2018
Q2
5/31/2018
Q1
2/28/2018
Q4
Net loss:(8)(11)(7)(18)(18)(19)(18)
Comprehensive loss, net of tax, attributable to parent:(8)(11)(7)(18)(18)(19)(18)

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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