USBC, INC.: 10-Q filed 2020-08-06

Name: USBC, INC.: 10-Q filed 2020-08-06
Creator: USBC, INC.

What USBC, INC. reported in its quarterly report filed 2020-08-06 (fiscal Q3 2020): 39 published measures, 120 facts as tagged in accession 0001654954-20-008597.

This filing

Form: 10-Q (quarterly report)
Filed: 2020-08-06
Fiscal period: fiscal Q3 2020
Accession: 0001654954-20-008597 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All USBC, INC. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2020-06-30	5,039,741	USD
At 2019-09-30	2,639,633	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit
At 2020-06-30	416,503	USD
At 2020-03-31	-3,141,220	USD
At 2019-12-31	-5,253,627	USD
At 2019-09-30	-3,297,290	USD
At 2019-06-30	-920,435	USD
At 2019-03-31	-373,472	USD
At 2018-12-31	-3,205,295	USD
At 2018-09-30	-2,607,591	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit
At 2020-06-30	4,662,371	USD
At 2019-09-30	1,900,836	USD
At 2019-06-30	2,688,707	USD
At 2018-09-30	934,407	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2020-04-01 to 2020-06-30	-2,905,086	USD	91
2019-10-01 to 2020-06-30	-9,250,612	USD	274
2019-10-01 to 2019-12-31	-3,015,013	USD	92
2018-10-01 to 2019-09-30	-7,612,316	USD	365
2019-04-01 to 2019-06-30	-2,154,266	USD	91
2018-10-01 to 2019-06-30	-4,365,707	USD	273
2018-10-01 to 2018-12-31	-769,203	USD	92
2017-10-01 to 2018-09-30	-3,257,597	USD	365

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2019-10-01 to 2020-06-30	-2,666,115	USD	274
2018-10-01 to 2019-09-30	-3,104,035	USD	365
2018-10-01 to 2019-06-30	-1,899,417	USD	273
2017-10-01 to 2018-09-30	-1,117,131	USD	365

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

Period	Value	Unit	Days
2019-10-01 to 2020-06-30	13,055	USD	274
2018-10-01 to 2019-06-30	79,934	USD	273

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

Period	Value	Unit	Days
2020-04-01 to 2020-06-30	0	USD	91
2019-10-01 to 2020-06-30	121,939	USD	274
2019-04-01 to 2019-06-30	381,270	USD	91
2018-10-01 to 2019-06-30	1,577,191	USD	273

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2019-10-01 to 2020-06-30	5,440,705	USD	274
2018-10-01 to 2019-06-30	3,733,651	USD	273

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2019-10-01 to 2020-06-30	-13,055	USD	274
2018-10-01 to 2019-06-30	-79,934	USD	273

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2020-06-30	-51,654,252	USD
At 2019-09-30	-42,403,640	USD

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2020-06-30	107,743	USD
At 2019-09-30	130,472	USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

Period	Value	Unit	Days
2020-04-01 to 2020-06-30	135,744	USD	91
2019-10-01 to 2020-06-30	701,470	USD	274
2020-01-01 to 2020-03-31	165,829	USD	91
2019-10-01 to 2019-12-31	399,897	USD	92
2019-04-01 to 2019-06-30	95,906	USD	91
2018-10-01 to 2019-06-30	359,053	USD	273
2019-01-01 to 2019-03-31	91,648	USD	90
2018-10-01 to 2018-12-31	171,499	USD	92

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

Period	Value	Unit	Days
2020-04-01 to 2020-06-30	-1,009,412	USD	91
2019-10-01 to 2020-06-30	-4,438,994	USD	274
2019-04-01 to 2019-06-30	-1,025,117	USD	91
2018-10-01 to 2019-06-30	-2,840,285	USD	273

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2020-06-30	4,662,371	USD
At 2019-09-30	1,977,423	USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

Period	Value	Unit	Days
2020-04-01 to 2020-06-30	1,188,874	USD	91
2019-10-01 to 2020-06-30	4,170,038	USD	274
2019-04-01 to 2019-06-30	1,462,376	USD	91
2018-10-01 to 2019-06-30	1,871,703	USD	273

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2020-06-30	3,798,238	USD
At 2019-09-30	5,815,310	USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

Period	Value	Unit	Days
At 2020-06-30	0	USD
At 2019-09-30	63,049	USD

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

Period	Value	Unit	Days
At 2020-06-30	0	USD
At 2019-09-30	7,103	USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

Period	Value	Unit	Days
2020-04-01 to 2020-06-30	0	USD	91
2019-10-01 to 2020-06-30	52,213	USD	274
2019-04-01 to 2019-06-30	105,451	USD	91
2018-10-01 to 2019-06-30	374,247	USD	273

Cost of revenue

Costs attributed to goods produced and sold and services provided during the period. This is not the sum of every operating expense.

Period	Value	Unit	Days
2020-04-01 to 2020-06-30	0	USD	91
2019-10-01 to 2020-06-30	69,726	USD	274
2019-04-01 to 2019-06-30	275,819	USD	91
2018-10-01 to 2019-06-30	1,202,944	USD	273

Selling, general and administrative expense

Selling and general administrative costs reported under this concept. It is an expense category, not a substitute for total operating expenses.

Period	Value	Unit	Days
2020-04-01 to 2020-06-30	634,169	USD	91
2019-10-01 to 2020-06-30	3,177,661	USD	274
2019-04-01 to 2019-06-30	689,027	USD	91
2018-10-01 to 2019-06-30	2,381,977	USD	273

Research and development expense

Research and development costs recognized as expense. Capitalization policies and acquired projects can make this differ from total cash invested in development.

Period	Value	Unit	Days
2020-04-01 to 2020-06-30	375,243	USD	91
2019-10-01 to 2020-06-30	1,313,546	USD	274
2018-10-01 to 2019-09-30	1,257,872	USD	365
2019-04-01 to 2019-06-30	441,541	USD	91
2018-10-01 to 2019-06-30	832,555	USD	273
2017-10-01 to 2018-09-30	570,514	USD	365

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit	Days
At 2020-06-30	23,926,245	shares
At 2019-09-30	18,366,178	shares

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

Period	Value	Unit	Days
At 2020-06-30	100,000	USD
At 2019-09-30	243,526	USD

Operating lease liability

Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.

Period	Value	Unit	Days
At 2020-06-30	101,832	USD
At 2019-09-30	246,136	USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

Period	Value	Unit	Days
At 2020-06-30	238,416	USD
At 2019-09-30	379,259	USD

Net intangible assets excluding goodwill

Intangible assets other than goodwill after amortization and impairment. Internally developed intangibles are usually not recognized, so this understates what a company relies on.

Period	Value	Unit	Days
At 2020-06-30	144,447	USD
At 2019-09-30	274,446	USD

Other noncurrent assets

Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.

Period	Value	Unit	Days
At 2020-06-30	25,180	USD
At 2019-09-30	13,766	USD

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

Period	Value	Unit	Days
At 2020-06-30	166,235	USD
At 2019-09-30	460,055	USD

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

Period	Value	Unit	Days
2019-10-01 to 2020-06-30	51,005	USD	274
2018-10-01 to 2019-06-30	70,265	USD	273

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

Period	Value	Unit	Days
2019-10-01 to 2020-06-30	164,078	USD	274
2018-10-01 to 2019-06-30	156,931	USD	273

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

Period	Value	Unit	Days
2019-10-01 to 2020-06-30	129,999	USD	274
2018-10-01 to 2019-06-30	129,999	USD	273

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

Period	Value	Unit	Days
2020-04-01 to 2020-06-30	-1,895,674	USD	91
2019-10-01 to 2020-06-30	-4,811,618	USD	274
2019-04-01 to 2019-06-30	-1,129,149	USD	91
2018-10-01 to 2019-06-30	-1,525,422	USD	273

Current income tax expense or benefit

Income tax expense or benefit for the period that is currently payable or refundable. It differs from cash taxes paid and from total tax expense.

Period	Unit	Days
2020-04-01 to 2020-06-30	USD	91
2019-10-01 to 2020-06-30	USD	274
2019-04-01 to 2019-06-30	USD	91
2018-10-01 to 2019-06-30	USD	273

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

Period	Value	Unit	Days
2019-10-01 to 2020-06-30	0	USD	274
2018-10-01 to 2019-06-30	21,299	USD	273

Income taxes paid, net

Cash income taxes paid net of refunds during the period. It differs from income tax expense and can reflect prior years and estimated payments.

Period	Value	Unit	Days
2019-10-01 to 2020-06-30	1,928	USD	274
2018-10-01 to 2019-06-30	0	USD	273

Proceeds from issuing common stock

Cash received from issuing common stock during the period. It is gross of costs only where the filer reports it so, and it does not include noncash issuances.

Period	Value	Unit	Days
2019-10-01 to 2020-06-30	55,000	USD	274
2018-10-01 to 2019-06-30	0	USD	273

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

Period	Value	Unit	Days
2019-10-01 to 2020-06-30	-63,049	USD	274
2018-10-01 to 2019-06-30	-170,861	USD	273

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

Period	Value	Unit	Days
2019-10-01 to 2020-06-30	-7,103	USD	274
2018-10-01 to 2019-06-30	-139,645	USD	273

Inspect the source

Entity: USBC, INC. / CIK 0001074828
Captured: 2026-09-20T05:20:03.564Z
SEC response SHA-256: 26073072cc0b2e7e4070dcc10a3ed432c8710b50171436bfda5a00d8cb714978

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

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import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001074828.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))