United States Basketball League, Inc. (USBL) Balance Sheet

Cash and cash equivalents	289
Marketable equity securities
Inventory
Due from related parties
Total current assets	289
PROPERTY, NET of accumulated depreciation of $42,786 and $40,190, respectively
Total assets	289
Accounts payable and accrued expenses	182.29K
Credit card obligations	6.83K
Due to related parties	2.04M
Total current liabilities	2.23M
Total Liabilities	2.23M
Common stock, $0.01 par value; 30,000,000 shares authorized; issued and outstanding 3,552,502 and 3,552,502 shares, respectively	35.53K
Preferred stock, $0.01 par value; 2,000,000 shares authorized; 1,105,679 shares issued and outstanding	11.06K
Additional paid-in-capital	2.68M
Deficit	-4.92M
Treasury stock, at cost; 39,975 shares	-42.45K
Total stockholders' deficiency	-2.23M
Total liabilities and stockholders' deficiency	289

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