Company Quick10K Filing
Quick10K
United States Basketball League
10-Q 2018-11-30 Quarter: 2018-11-30
10-Q 2018-08-31 Quarter: 2018-08-31
10-Q 2018-05-31 Quarter: 2018-05-31
10-K 2018-02-28 Annual: 2018-02-28
10-Q 2017-11-30 Quarter: 2017-11-30
10-Q 2017-08-31 Quarter: 2017-08-31
10-Q 2017-05-31 Quarter: 2017-05-31
10-K 2017-02-28 Annual: 2017-02-28
10-Q 2016-11-30 Quarter: 2016-11-30
10-Q 2016-08-31 Quarter: 2016-08-31
10-Q 2016-05-31 Quarter: 2016-05-31
10-K 2016-02-29 Annual: 2016-02-29
10-Q 2015-11-30 Quarter: 2015-11-30
10-Q 2015-08-31 Quarter: 2015-08-31
10-Q 2015-05-31 Quarter: 2015-05-31
10-K 2015-02-28 Annual: 2015-02-28
10-Q 2014-11-30 Quarter: 2014-11-30
10-Q 2014-08-31 Quarter: 2014-08-31
10-Q 2014-05-31 Quarter: 2014-05-31
10-K 2014-02-28 Annual: 2014-02-28
10-Q 2013-11-30 Quarter: 2013-11-30
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USBL 2018-11-30
Part I
Item 1. Financial Statements.
Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operation.
Item 3. Quantitative and Qualitative Disclosures About Market Risk.
Item 4. Controls and Procedures
Part II
Item 6.Exhibits.
EX-31.1 ex311_302certification.htm
EX-31.2 ex312_302certification.htm
EX-32 ex32_906certification.htm

United States Basketball League Earnings 2018-11-30

USBL 10Q Quarterly Report

Balance SheetIncome StatementCash Flow

10-Q 1 f10q_usbl113018.htm FORM 10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington D.C. 20549

 

FORM 10-Q

 

(Mark One)

  ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
   

 

For the quarterly period ended November 30, 2018

 

  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
     

For the transition period from              to             

 

 

Commission File Number 1-15913

 

UNITED STATES BASKETBALL LEAGUE, INC.

(Exact Name of Registrant as Specified in Its Charter)

 

Delaware   06-1120072
(State or other jurisdiction of
incorporation or organization)
  (I.R.S. Employer
Identification No.)
     

 

 

183 Plains Road, Suite 2 Milford, Connecticut 06461

(Address of Principal Executive Offices)

 

 

(203) 877-9508

(Registrant’s Telephone Number, Including Area Code)

 

___________________________________________

(Former Name, Former Address and Former Fiscal Year, if Changed

Since Last Report)

 

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [ X ] No [ ]

 

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (Section 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes [ X ] No [ ]

   

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer”, “accelerated filer”, “smaller reporting company”, and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one):

 

Large accelerated filer   Accelerated filer                 

Non-accelerated filer   

Smaller reporting company  
Emerging Growth Company  

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).       Yes [X] No [ ]

 

Indicate the number of shares outstanding of each of the issuer’s classes of common stock as of the latest practicable date. As of March 7, 2019, there were 3,512,527 shares of Common Stock, $.01 par value per share, outstanding.

 

 2 

UNITED STATES BASKETBALL LEAGUE, INC.

INDEX

 

 

 

      PAGE
       
PART I.   FINANCIAL INFORMATION 4
       
Item 1.   Unaudited Financial Statements.  
       
   

Balance Sheets – November 30, 2018

and February 28, 2018

4
       
   

Statements of Operations for the three and

nine months ended November 30, 2018 and 2017

5
       
   

Statement of Stockholders’ Deficiency

for the nine months ended November 30, 2018

6
       
   

Statements of Cash Flows for the

nine months ended November 30, 2018 and 2017

7
       
     Notes to Financial Statements 8
       
Item 2.     Management’s Discussion and Analysis of Financial Condition

and Results of Operations

12
       
Item 3.   Quantitative and Qualitative Disclosures About Market Risk 13
       
Item 4.   Controls and Procedures 13
       
PART II.   OTHER INFORMATION 14
       
Item 6.     Exhibits 14

 

 

 3 

PART I

FINANCIAL INFORMATION

 

Item 1. Financial Statements.

 

UNITED STATES BASKETBALL LEAGUE, INC.
BALANCE SHEETS
       

 

ASSETS

  November 30,
2018
  February 28,
2018
   (Unaudited)   
CURRENT ASSETS:          
Cash  $55   $330 
Total current assets   55    330 
           
Total assets  $55   $330 
           
           
LIABILITIES AND STOCKHOLDERS’ DEFICIENCY                
           
CURRENT LIABILITIES:          
Accounts payable and accrued expenses  $223,856   $207,646 
Credit card obligations   6,215    5,347 
Due to related parties   2,131,379    2,094,129 
           
           
Total current liabilities   2,361,450    2,307,122 
           
Total Liabilities   2,361,450    2,307,122 
           
STOCKHOLDERS’ DEFICIENCY          
Common stock, $0.01 par value; 30,000,000 shares authorized; issued 3,552,502 and 3,552,502 shares, respectively   35,525    35,525 
Preferred stock, $0.01 par value; 2,000,000 shares authorized; 1,105,679 shares issued and outstanding   11,057    11,057 
Additional paid-in-capital   2,679,855    2,679,855 
Deficit   (5,045,378)   (4,990,775)
Treasury stock, at cost; 39,975 shares of common stock   (42,454)   (42,454)
Total stockholders’ deficiency   (2,361,395)   (2,306,792)
           
Total liabilities and stockholders’ deficiency  $55   $330 
           
See notes to financial statements.

 

 

 4 

 

UNITED STATES BASKETBALL LEAGUE, INC.
STATEMENTS OF OPERATIONS
(Unaudited)
             
   Three Months Ended  Nine Months Ended
   November 30, 2018  November 30, 2017  November 30, 2018  November 30, 2017
             
REVENUES:                    
   $—     $—     $—     $—   
                     
OPERATING EXPENSES:                    
Professional fees   10,749    12,545    28,374    16,095 
Transfer agent and EDGAR agent fees   3,403    4,468    15,729    10,186 
Rent   3,000    3,000    9,000    9,000 
Travel and promotion   —      32    33    32 
Other   229    1,536    704    2,057 
Total operating expenses   17,381    21,581    53,840    37,370 
                     
Loss from operations   (17,381)   (21,581)   (53,840)   (37,370)
                     
OTHER INCOME (EXPENSES):                    
Interest expense   (588)   (233)   (763)   (696)
                     
Total other income (expenses), net   (588)   (233)   (763)   (696)
                     
Income (loss) before income taxes   (17,969)   (21,814)   (54,603)   (38,066)
Income Taxes   —      —      —      —   
                     
NET INCOME (LOSS)  $(17,969)  $(21,814)  $(54,603)  $(38,066)
                     
Earnings (loss) per common share:                    
Basic  $(.01)  $(.01)  $(.02)  $(.01)
Diluted  $(.01)  $(.01)  $(.02)  $(.01)
                     
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING                    
                     
Basic   3,512,527    3,512,527    3,512,527    3,512,527 
Diluted   3,512,527    3,512,527    3,512,527    3,512,527 
                     
                     

See notes to financial statements.

 5 

 

UNITED STATES BASKETBALL LEAGUE, INC.

Statement of Stockholders’ Deficiency

Nine Months Ended November 30, 2018

(Unaudited)

                   
                            
  

 

Common Stock

 

 

 

Preferred Stock

 

  Additional        Total
   Shares     Shares     Paid-in     Treasury Stock  Stockholders’
    Outstanding    Amount    Outstanding    Amount    Capital    Deficit    Shares    Amount    Deficiency
                                              
Balance, February 28, 2018   3,552,502   $35,525    1,105,679   $11,057   $2,679,855   $(4,990,775)   39,975   $(42,454)  $(2,306,792)
                                              
 Net loss   —      —      —      —      —      (54,603)   —      —      (54,603)
 Balance, November 30, 2018   3,552,502   $35,525    1,105,679   $11,057   $2,679,855   $(5,045,378)   39,975   $(42,454)  $(2,361,395)

 

See notes to financial statements

 

 

 

 6 

 

 

 

UNITED STATES BASKETBALL LEAGUE, INC.
STATEMENTS OF CASH FLOWS
(Unaudited)
 
   Nine Months Ended
   November 30,
2018
  November 30,
2017
       
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net loss  $(54,603)  $(38,066)
Adjustments to reconcile net loss to net cash used in operating activities:          
Changes in operating assets and liabilities:          
Accounts payable and accrued expenses   16,210    6,873 
Credit card obligations   868    (1,672)
           
Net cash used in operating activities   (37,525)   (32,865)
           
           
CASH FLOWS FROM INVESTING ACTIVITIES   —      —   
           
           
CASH FLOWS FROM FINANCING ACTIVITIES:          
           
Increase (decrease) in due to related parties   37,250    32,585 
           
Net cash provided by financing activities   37,250    32,585 
           
NET INCREASE (DECREASE) IN CASH   (275)   (280)
           
CASH, beginning of period   330    280 
           
CASH, end of period  $55   $—   
           
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:          
           
Interest paid  $763   $696 
Income tax paid  $—     $—   
           
See notes to financial statements.

 

 

 

 

 

 

 7 

UNITED STATES BASKETBALL LEAGUE, INC.

NOTES TO FINANCIAL STATEMENTS

NINE MONTHS ENDED NOVEMBER 30, 2018

(Unaudited)

 

1.       Description of Business and Basis of Presentation:

 

United States Basketball League, Inc. (“USBL”), was incorporated in Delaware on May 29, 1984 as a wholly owned subsidiary of Meisenheimer Capital, Inc. (“MCI”) for the purpose of developing and managing a professional basketball league, the United States Basketball League (the “League”). Since the inception of the League, USBL has been primarily engaged in selling franchises and managing the League. From 1985 and up to the present time, USBL has sold a total of approximately forty active franchises (teams), a vast majority of which were terminated for non-payment of their respective franchise obligations. The seasons from 2008 through 2018, inclusive, have been cancelled. At the present time, USBL does not have any definitive plans as to the scheduling of a new season. USBL is currently in the process of exploring certain strategic alternatives, including the possible sale of the League.

 

On October 30, 2014, USBL dissolved its wholly-owned subsidiary, Meisenheimer Capital Real Estate Holdings, Inc. (“MCREH”). MCREH owned a commercial building in Milford, Connecticut until June 19, 2014.

 

At November 30, 2018, USBL had negative working capital of $2,361,395, and accumulated losses of $5,045,378. These factors, as well as the Company’s reliance on related parties (see Notes 3, 4, and 6), raise substantial doubt as to the Company’s ability to continue as a going concern.

 

The Company is making efforts to raise equity capital, revitalize the league and market new franchises. However, there can be no assurance that the Company will be successful in accomplishing its objectives. The financial statements do not include any adjustments that might be necessary should the Company be unable to continue as a going concern.

 

The accompanying unaudited financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission. Accordingly, they may not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements. In the opinion of management, the unaudited financial statements reflect all adjustments, which include only normal recurring adjustments, necessary for a fair presentation. Operating results for the nine-month period ended November 30, 2018 may not necessarily be indicative of the results that may be expected for the year ending February 28, 2019. The notes to the consolidated financial statements should be read in conjunction with the notes to the financial statements contained in the Company’s Form 10-K for the year ended February 28, 2018.

 

2.       Summary of Significant Accounting Policies:

 

Fair value disclosures – The carrying amounts of the Company’s financial instruments, which consist of cash and cash equivalents, accounts payable and accrued expenses, credit card obligations, and due to related parties, approximate their fair value due to their short term nature or based upon values of comparable instruments.

 

 8 

Cash and cash equivalents - The Company considers all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents.

 

Revenue recognition - The Company generally uses the accrual method of accounting in these financial statements. However, due to the uncertainty of collecting royalty and franchise fees from the franchisees, USBL recorded these revenues upon receipt of cash consideration paid or the performance of related services by the franchisee. Franchise fees earned in nonmonetary transactions were recorded at the fair value of the franchise granted or the service received, based on which value was more readily determinable. Upon the granting of the franchise, the Company had performed essentially all material conditions related to the sale.

 

Income taxes - Deferred tax assets and liabilities are determined based on differences between financial reporting and tax bases of assets and liabilities, and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. A valuation allowance has been fully provided for the deferred tax asset (approximating $630,000 at February 28, 2018) attributable to the USBL net operating loss carryforward.

 

As of February 28, 2018, USBL had a net operating loss carryforward of approximately $3,000,000 available to offset future taxable income. The carryforward expires in varying amounts from 2019 to 2038. Current United States income tax laws limit the amount of loss available to offset against future taxable income when a substantial change in ownership occurs. Therefore, the amount available to offset future taxable income may be limited.

 

USBL files Federal and Connecticut income tax returns using a December 31 fiscal year. The last returns filed were for the year ended December 31, 2015.

 

Estimates – The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reported period. Actual results could differ from those estimates.

 

Stock-based compensation – Stock-based compensation is accounted for at fair value in accordance with Accounting Standards Codification (“ASC”) 718, “Compensation – Stock Compensation.” No stock options were granted for the periods presented and none are outstanding at November 30, 2018.

Earnings (loss) per share – ASC 260, “Earnings Per Share”, establishes standards for computing and presenting earnings (loss) per share (EPS). ASC 260 requires dual presentation of basic and diluted EPS. Basic EPS excludes dilution and is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if stock options or convertible securities were exercised or converted into common stock. The Company did not include the 1,105,679 shares of convertible preferred stock in its calculation of diluted loss per share for the three and nine months ended November 30, 2018 and 2017 as the result would have been antidilutive.

 

 9 

Comprehensive income – Other comprehensive income (loss) refers to revenues, expenses, gains and losses that under generally accepted accounting principles are included in comprehensive income but are excluded from net income (loss) as these amounts are recorded directly as an adjustment to stockholders’ equity. Comprehensive income (loss) was equivalent to net income (loss) for all periods presented.

 

3.       Accounts Payable and Accrued Expenses

 

Accounts payable and accrued expenses consisted of:

 

   November 30, 2018  February 28, 2018
   (Unaudited)   
       
Legal and accounting services’ vendors  $63,444   $55,070 
Transfer agent and EDGAR agent   14,345    14,217 
Rent due Genvest, LLC (an entity controlled by the two officers of USBL)   129,000    120,000 
Accrued interest on MCREH note payable to president of USBL   13,562    13,562 
Security deposit due CADCOM (an entity controlled by the two officers of USBL)   2,725    2,725 
Other   780    2,072 
           
Total  $223,856   $207,646 

 

4.       Due to Related Parties

 

Due to related parties consist of:      
   November 30, 2018  February 28, 2018
    (Unaudited)      
USBL loans payable to Spectrum Associates, Inc. (“Spectrum”), a corporation controlled by the two officers of USBL, interest at 6%, due on demand  $1,311,289   $1,297,789 
USBL loans payable to the two officers of USBL, interest at 6%, due on demand   558,017    534,017 
USBL loans payable to Daniel T. Meisenheimer, Jr. Trust, a trust controlled by the two officers of USBL, non-interest bearing, due on demand   48,850    48,850 
MCREH note payable to president of USBL, interest at 7%, due on demand   45,000    45,000 
MCREH loan payable to Spectrum, non-interest bearing, due on demand   4,500    4,500 
MCREH loan payable to president of USBL, non-interest bearing, due on demand   4,000    4,000 
MCREH loan payable to Meisenheimer Capital, Inc. (“MCI”) non-interest bearing, due on demand   159,723    159,973 
Total  $2,131,379   $2,094,129 

 

For the nine months ended November 30, 2018 and 2017, interest due under the related party loans was waived by the respective lenders.

 10 

 

5.       Stockholders’ Equity

 

Each share of common stock has one vote. Each share of preferred stock has five votes, is entitled to a 2% non-cumulative annual dividend, and is convertible at any time into one share of common stock.

 

6.       Related Party Transactions

 

For the three months ended November 30, 2018 and 2017 and for the nine months ended November 30, 2018 and 2017, USBL included in other operating expenses, rent incurred to Genvest, LLC totaling $3,000, $3,000, $9,000 and $9,000, respectively.

 

7.       Commitments and Contingencies

 

Occupancy Agreement

 

In September 2007, the Company moved its office to a building owned by Genvest, LLC, an organization controlled by the two officers of USBL. Improvements to the Company’s space there were completed in February 2008. Pursuant to a verbal agreement, the Company is to pay Genvest monthly rentals of $1,000 commencing March 2008. At November 30, 2018 and February 28, 2018, accounts payable and accrued expenses included accrued rent payable to Genvest totaling $129,000 and $120,000, respectively.

 

 

 11 
Item 2.Management’s Discussion and Analysis OF FINANCIAL CONDITION AND RESULTS of Operation.

 

OVERVIEW

 

The Company anticipates continued reliance on financial assistance from affiliates. Given the current lack of capital, the Company has not been able to develop any new programs to revitalize the League, nor has it been able to hire sales and promotional personnel or schedule a season. As a result, the Company is currently dependent on the efforts of its officers for all marketing efforts. Their efforts have not resulted in any franchises.

 

CRITICAL ACCOUNTING POLICIES

 

Revenue Recognition

 

The Company generally uses the accrual method of accounting. However, due to the uncertainty of collecting royalty and franchise fees from the franchisees, the USBL recorded these revenues upon receipt of cash consideration paid or the performance of related services by the franchisee. Franchise fees earned in nonmonetary transactions were recorded at the fair value of the franchise granted or the service received, based on which value was more readily determinable. Upon the granting of the franchise, the Company had performed essentially all material conditions related to the sale.

 

THREE MONTHS ENDED NOVEMBER 30, 2018 AS COMPARED TO NOVEMBER 30, 2017

 

For the three months ended November 30, 2018 and 2017, the Company had no franchise fees or advertising revenues as a result of the cancellation of its seasons from 2008 through 2018.

 

Operating expenses decreased $4,200 from $21,581 for the three months ended November 30, 2017 to $17,381 for the three months ended November 30, 2018. The decrease in operating expenses was due to lower professional fees ($1,796), lower transfer agent and EDGAR agent fees ($1,065), lower travel and promotion ($32), and lower other operating expenses ($1,307). In the three months ended November 30, 2018, the Company made one periodic SEC filing: the August 31, 2018 Form 10-Q. In the three months ended November 30, 2017, the Company made one periodic SEC filing: the February 28, 2018 Form 10-K.

 

Other income (expenses), net, was ($588) in 2018 compared to ($233) in 2017.

 

Net loss for the three months ended November 30, 2018 was $17,969 as compared to net loss of $21,814 for the three months ended November 30, 2017. The $3,845 decrease in 2018 was due primarily to the $4,200 decrease in operating expenses.

 

NINE MONTHS ENDED NOVEMBER 30, 2018 AS COMPARED TO NOVEMBER 30, 2017

 

For the nine months ended November 30, 2018 and 2017, the Company had no franchise fees or advertising revenues as a result of the cancellation of its seasons from 2008 through 2018.

 

 12 

Operating expenses increased $16,470 from $37,370 for the nine months ended November 30, 2017 to $53,840 for the nine months ended November 30, 2018. The increase in operating expenses was due to higher professional fees ($12,279), higher transfer agent and EDGAR agent fees ($5,543), and higher travel and promotion ($1) offset by lower other operating expenses ($1,353). In the nine months ended November 30, 2018, the Company made four (4) periodic SEC filings: The November 30, 2017 Form 10-Q, the February 28, 2018 Form 10-K, the May 31, 2018 Form 10-Q, and the August 31, 2018 Form 10-Q. In the nine months ended November 30, 2017, the Company made two (2) periodic SEC filings: the November 30, 2016 Form 10-Q and the February 28, 2017 Form 10-K.

 

Other expenses, net, was $763 in 2018 compared to $696 in 2017.

 

Net loss for the nine months ended November 30, 2018 was $54,603 as compared to net loss of $38,066 for the nine months ended November 30, 2017. The $16,537 increase in net loss was due to the $16,470 increase in operating expenses and the $67 increase in other expenses, net.

 

LIQUIDITY AND CAPITAL RESOURCES

 

The Company had cash of $55 and a working capital deficit of $2,361,395 at November 30, 2018. The Company's statement of cash flows for the nine months ended November 30, 2018 reflects cash used in operating activities of $37,525, which results primarily from the $54,603 net loss offset by the $16,210 increase in accounts payable and accrued expenses. Net cash provided by financing activities was $37,250 in 2018 compared to $32,585 in 2017.

 

The Company expects it will continue to have to rely on affiliates for loans to assist it in meeting its current obligations. With respect to long term needs, the Company recognizes that in order for the USBL and the League to be successful, USBL has to develop a meaningful sales and promotional program. This will require an investment of additional capital. Given the Company’s current financial condition, the Company’s ability to raise additional capital other than from affiliates is questionable. At the current time, the Company has no definitive plan as to how to raise additional capital and schedule a 2019 season.

 

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

 

Not applicable

 

ITEM 4. CONTROLS AND PROCEDURES

 

Under the supervision and with the participation of our management, including our principal executive and financial officers, we have evaluated the effectiveness of the design and operation of our disclosure controls and procedures as of November 30, 2018 and, based on such evaluation, our principal executive and financial officers have concluded that these controls and procedures are effective. There were no changes in our internal control over financial reporting that occurred during the quarter ended November 30, 2018 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

 

 13 

Disclosure controls and procedures are our controls and other procedures that are designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Securities and Exchange Commission’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by us in the reports that we file under the Exchange Act is accumulated and communicated to our management, including our principal executive and financial officers, as appropriate to allow timely decisions regarding required disclosures.

 

 

PART II

OTHER INFORMATION

 

 

ITEM 6.EXHIBITS.

 

 

Exhibit No.:

  Description:
     
31.1*   Certification of President (principal executive officer)
     
31.2*   Certification of Chief Financial Officer (principal financial officer)
     

32*

 

  Certification pursuant to 18 U.S.C. Section 1350 adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
     
    XBRL Instance Document
     
101.INS   XBRL Taxonomy Extension Schema Document
101.SCH   XBRL Taxonomy Extension Calculation Document
101.CAL   XBRL Taxonomy Extension Definitions Document
101.DEF   XBRL Taxonomy Extension Labels Document
101.LAB   XBRL Taxonomy Extension Presentations Document
101.PRE    

 

*Filed herewith

 

 14 

SIGNATURES

 

Pursuant to the requirements the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

UNITED STATES BASKETBALL LEAGUE,

INC.

 

 

 

Date:  March 11, 2019   By:  /s/ Daniel T. Meisenheimer, III
    Daniel T. Meisenheimer III
    Chairman and President
    (Principal executive officer)
     
Date:  March 11, 2019   By:  /s/ Richard C. Meisenheimer
    Richard C. Meisenheimer
    Chief Financial Officer and
    Director
    (Principal financial officer)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 15 

 

 

 

EXHIBIT INDEX

 

31.1*   Certification of President (principal executive officer)
     
31.2*   Certification of  Chief Financial Officer (principal financial officer)
     

32*

 

  Certification pursuant to 18 U.S.C. Section 1350 adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
     
    XBRL Instance Document
     
101.INS   XBRL Taxonomy Extension Schema Document
101.SCH   XBRL Taxonomy Extension Calculation Document
101.CAL   XBRL Taxonomy Extension Definitions Document
101.DEF   XBRL Taxonomy Extension Labels Document
101.LAB   XBRL Taxonomy Extension Presentations Document
101.PRE    

 

 

 

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