XMAX INC.: 10-K filed 2019-04-01

Name: XMAX INC.: 10-K filed 2019-04-01
Creator: XMAX INC.

What XMAX INC. reported in its annual report filed 2019-04-01 (fiscal FY 2018): 46 published measures, 94 facts as tagged in accession 0001185185-19-000485.

This filing

Form: 10-K (annual report)
Filed: 2019-04-01
Fiscal period: fiscal FY 2018
Accession: 0001185185-19-000485 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 XMAX 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 2018-12-31	90,090,929	USD
At 2017-12-31	79,858,014	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2018-12-31	15,184,553	USD
At 2017-12-31	11,410,410	USD

Stockholders equity

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

Period	Value	Unit
At 2018-12-31	74,906,376	USD
At 2017-12-31	68,447,604	USD
At 2016-12-31	63,265,443	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 2018-12-31	890,408	USD
At 2017-12-31	5,722,716	USD
At 2016-12-31	2,587,743	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
2018-01-01 to 2018-12-31	5,299,625	USD	365
2017-01-01 to 2017-12-31	3,764,611	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
2018-01-01 to 2018-12-31	-6,882,324	USD	365
2017-01-01 to 2017-12-31	-1,312,486	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
2018-01-01 to 2018-12-31	27,529	USD	365
2017-01-01 to 2017-12-31	26,818	USD	365

Revenue

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

Period	Value	Unit	Days
2018-01-01 to 2018-12-31	88,645,204	USD	365
2017-01-01 to 2017-12-31	106,494,132	USD	365

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
2018-01-01 to 2018-12-31	2,077,545	USD	365
2017-01-01 to 2017-12-31	-3,775,723	USD	365

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
2018-01-01 to 2018-12-31	-27,529	USD	365
2017-01-01 to 2017-12-31	8,223,182	USD	365

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 2018-12-31	35,030,419	USD
At 2017-12-31	29,730,794	USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

Period	Value	Unit	Days
2018-01-01 to 2018-12-31	28,393,854	shares	365
2017-01-01 to 2017-12-31	27,677,935	shares	365

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

Period	Value	Unit	Days
2018-01-01 to 2018-12-31	28,613,284	shares	365
2017-01-01 to 2017-12-31	27,755,863	shares	365

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

Period	Value	Unit	Days
2018-01-01 to 2018-12-31	0.19	USD/shares	365
2017-01-01 to 2017-12-31	0.14	USD/shares	365

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

Period	Value	Unit	Days
2018-01-01 to 2018-12-31	0.19	USD/shares	365
2017-01-01 to 2017-12-31	0.14	USD/shares	365

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

Period	Value	Unit	Days
2018-01-01 to 2018-12-31	-659,918	USD	365
2017-01-01 to 2017-12-31	2,759,813	USD	365

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 2018-12-31	147,096	USD
At 2017-12-31	157,246	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
2018-01-01 to 2018-12-31	1,194,759	USD	365
2017-01-01 to 2017-12-31	2,175,973	USD	365

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
2018-01-01 to 2018-12-31	4,948,065	USD	365
2017-01-01 to 2017-12-31	6,803,870	USD	365

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 2018-12-31	85,449,614	USD
At 2017-12-31	74,917,333	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
2018-01-01 to 2018-12-31	169,516	USD	365
2017-01-01 to 2017-12-31	174,316	USD	365

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 2018-12-31	11,832,901	USD
At 2017-12-31	2,680,443	USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

Period	Value	Unit	Days
At 2018-12-31	4,145,927	USD
At 2017-12-31	1,634,554	USD

Goodwill carrying amount

Recognized goodwill remaining after accumulated impairment. It arises from business combinations and does not measure the current value of the company’s brand.

Period	Value	Unit	Days
At 2018-12-31	218,606	USD
At 2017-12-31	218,606	USD

Net finite-lived intangible assets

Finite-lived intangible assets after amortization. This excludes goodwill and should not be combined with indefinite-lived intangible assets without checking scope.

Period	Value	Unit	Days
At 2018-12-31	3,795,904	USD
At 2017-12-31	4,202,608	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 2018-12-31	67,457,261	USD
At 2017-12-31	54,006,513	USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

Period	Value	Unit	Days
2018-01-01 to 2018-12-31	11,004,134	USD	365
2017-01-01 to 2017-12-31	13,617,367	USD	365

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 2018-12-31	6,371,112	USD
At 2017-12-31	6,374,560	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
2018-01-01 to 2018-12-31	15,952,199	USD	365
2017-01-01 to 2017-12-31	20,421,237	USD	365

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
2018-01-01 to 2018-12-31	72,693,005	USD	365
2017-01-01 to 2017-12-31	86,072,895	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 2018-12-31	28,566,652	shares
At 2017-12-31	28,191,927	shares

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

Period	Value	Unit	Days
At 2018-12-31	39,841,149	USD
At 2017-12-31	38,682,377	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 2018-12-31	292,001	USD
At 2017-12-31	254,322	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 2018-12-31	3,795,904	USD
At 2017-12-31	4,202,608	USD

Prepaid expenses and other current assets

Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.

Period	Value	Unit	Days
At 2018-12-31	105,812	USD
At 2017-12-31	232,935	USD

Comprehensive income or loss

Net income plus other comprehensive income after tax. It includes unrealized items that net income excludes and is not a cash measure.

Period	Value	Unit	Days
2018-01-01 to 2018-12-31	5,299,625	USD	365
2017-01-01 to 2017-12-31	3,764,611	USD	365

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

Period	Value	Unit	Days
2018-01-01 to 2018-12-31	7,023,308	USD	365
2017-01-01 to 2017-12-31	9,485,595	USD	365

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
2018-01-01 to 2018-12-31	37,679	USD	365
2017-01-01 to 2017-12-31	40,848	USD	365

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
2018-01-01 to 2018-12-31	444,383	USD	365
2017-01-01 to 2017-12-31	1,524,863	USD	365

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
2018-01-01 to 2018-12-31	406,704	USD	365
2017-01-01 to 2017-12-31	1,484,015	USD	365

Other nonoperating income or expense

Other income or expense outside operations under this concept. The composition is filer-specific and can include one-time items.

Period	Value	Unit	Days
2018-01-01 to 2018-12-31	-308,358	USD	365
2017-01-01 to 2017-12-31	-279,446	USD	365

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	Value	Unit	Days
2018-01-01 to 2018-12-31	-542,430	USD	365
2017-01-01 to 2017-12-31	2,584,263	USD	365

Deferred income tax expense or benefit

The deferred portion of income tax expense or benefit, arising from timing differences. It is not tax paid in the period.

Period	Value	Unit	Days
2018-01-01 to 2018-12-31	-117,488	USD	365
2017-01-01 to 2017-12-31	175,550	USD	365

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
2018-01-01 to 2018-12-31	13,463,989	USD	365
2017-01-01 to 2017-12-31	12,209,271	USD	365

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
2018-01-01 to 2018-12-31	-3,448	USD	365
2017-01-01 to 2017-12-31	3,593,437	USD	365

Change in accounts payable

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

Period	Value	Unit	Days
2018-01-01 to 2018-12-31	2,511,373	USD	365
2017-01-01 to 2017-12-31	-734,221	USD	365

Inspect the source

Entity: XMAX INC. / CIK 0001473334
Captured: 2026-09-20T09:07:50.767Z
SEC response SHA-256: 204bd86aae97fc8e0d799483199c001dd0c83582b14335f7a216d10466a9ae08

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/0001473334.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"])))