For the quarter ending 2025-09-30, SPEV has $74,054 in assets. $1,973,670 in debts.
| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash | 53,881 | 23,261 | ||
| Prepaids | - | 0 | ||
| Accounts receivable | 843 | 101,717 | ||
| Inventory | 18,330 | 19,005 | ||
| Total current assets | 73,054 | 143,983 | ||
| Other asset | 1,000 | 1,000 | ||
| Total non-current assets | 1,000 | 1,000 | ||
| Total assets | 74,054 | 144,983 | ||
| Accounts payable and accrued expenses | 123,946 | 118,931 | ||
| Accounts payable related party-Related Party | 37,110 | 42,110 | ||
| Accrued officer compensation related party-Related Party | 456,668 | 406,668 | ||
| Accrued interest related party-Related Party | 199,097 | 182,181 | ||
| Note payable-Related Party | 125,775 | 125,775 | ||
| Note payable-Nonrelated Party | 111,395 | 111,395 | ||
| Total current liabilities | 1,053,991 | 987,060 | ||
| Notes payable, net of current portion related party-Related Party | 919,679 | 919,679 | ||
| Total liabilities | 1,973,670 | 1,906,739 | ||
| Preferred stock, value-Series BPreferred Stock | 20,000 | 20,000 | ||
| Preferred stock, value-Series APreferred Stock | - | 0 | ||
| Preferred stock, value | - | 0 | ||
| Common stock, 0.01 par value, 100,000,000 shares authorized 49,190,204 and 48,478,678 shares issued and outstanding, respectively | 491,902 | 491,902 | ||
| Additional paid-in capital | 809,807 | 809,807 | ||
| Accumulated deficit | -3,178,871 | -3,041,011 | ||
| Treasury stock, at cost 39,975 shares of common stock | 42,454 | 42,454 | ||
| Total stockholders deficit | -1,899,616 | -1,761,756 | ||
| Total liabilities and stockholders deficit | 74,054 | 144,983 | ||
SHOREPOWER TECHNOLOGIES INC. (SPEV)
SHOREPOWER TECHNOLOGIES INC. (SPEV)