USBL Financials 07/16/2014 13:57:31 United States
Post# of 3
United States Basketball League Inc.
Period Ending Feb 28, 2014 Feb 28, 2013 Feb 29, 2012 Feb 28, 2011
Total Revenue 48 38 15 20
Cost of Revenue - - - -
Gross Profit 48 38 15 20
Operating Expenses
Research and Development - - - -
Sales, General and Admin. 123 188 189 210
Non-Recurring Items - - - -
Other 5 5 5 5
Operating Income (81) (156) (179) (195)
Income From Continuing Operations
Add'l Income/Expense Items 2 (60) (46) 33
Earnings Before Interest and Tax (78) (216) (225) (162)
Interest Expense 20 24 32 33
Earnings Before Tax (99) (240) (257) (195)
Income Tax - - - -
Minority Interest - - - -
Equity Earnings Unconsolidated Subsidiary - - - -
Net Income Cont. Operations (99) (240) (257) (195)
Non Recurring Events
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect of Accounting Changes - - - -
Other Items - - - -
Net Income (99) (240) (257) (195)
Preferred Stock and Other Adjustments - - - -
Net Income Applicable to Common Shareholders (99) (240) (257) (195)