United States Basketball League Inc. (USBL) financial statements (2020 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
TTM
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 investments100011116
Cash and cash equivalents100011112
Short-term investments      4
Receivables      35
Prepaid expense     3
Total current assets:100011451
Noncurrent Assets
Inventory, real estate    (220)
Property, plant and equipment    (51)221226
Other undisclosed noncurrent assets    270  
Total noncurrent assets:     221226
TOTAL ASSETS:10001236278
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:234208192172134176187
Accrued liabilities218191172    
Taxes payable  4    
Interest and dividends payable141414    
Other undisclosed accounts payable and accrued liabilities333172134176187
Debt557671246
Due to related parties2,1562,0942,0562,0151,9692,2612,159
Total current liabilities:2,3952,3072,2552,1942,1112,4492,392
Noncurrent Liabilities
Total liabilities:2,3952,3072,2552,1942,1112,4492,392
Stockholders' equity
Stockholders' equity attributable to parent(2,394)(2,307)(2,254)(2,193)(2,110)(2,214)(2,115)
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)(4,991)(4,938)(4,877)(4,794)(4,898)(4,799)
Total stockholders' equity:(2,394)(2,307)(2,254)(2,193)(2,110)(2,214)(2,115)
TOTAL LIABILITIES AND EQUITY:10001236278

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

11/30/2019
TTM
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(10)(2)(2)(13)(12)(101)(135)
Cost of goods and services sold    7  
Other cost of operating revenue(1) (2)(13)(11)(18)(125)
Gross profit:(10)(2)(2)(13)2(53)(98)
Operating expenses(34)(47)(57)(68)(85)(27)(58)
Operating loss:(44)(49)(60)(81)(84)(81)(156)
Nonoperating income (expense)(1)(4)(1)(2)187(18)(84)
Interest and debt expense(1)(4)(1)(2)(6)(20)(24)
Income (loss) from continuing operations before equity method investments, income taxes:(45)(56)(62)(85)98(119)(264)
Other undisclosed income from continuing operations before income taxes1      
Net income (loss):(44)(56)(62)(85)98(119)(264)
Other undisclosed net income attributable to parent 41262024
Net income (loss) available to common stockholders, diluted:(44)(52)(61)(83)104(99)(240)

Comprehensive Income ($ in thousands)

11/30/2019
TTM
2/28/2018
2/28/2017
2/29/2016
2/28/2015
2/28/2014
2/28/2013
Net income (loss):(44)(56)(62)(85)98(119)(264)
Comprehensive income (loss), net of tax, attributable to parent:(44)(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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