XMAX INC.: 10-Q filed 2022-11-18

Name: XMAX INC.: 10-Q filed 2022-11-18
Creator: XMAX INC.

What XMAX INC. reported in its quarterly report filed 2022-11-18 (fiscal Q3 2022): 46 published measures, 124 facts as tagged in accession 0001493152-22-032905.

This filing

Form: 10-Q (quarterly report)
Filed: 2022-11-18
Fiscal period: fiscal Q3 2022
Accession: 0001493152-22-032905 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 2022-09-30	20,096,353	USD
At 2021-12-31	29,529,624	USD

Total liabilities

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

Period	Value	Unit	Days
At 2022-09-30	5,655,735	USD
At 2021-12-31	6,085,436	USD

Stockholders equity

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

Period	Value	Unit
At 2022-09-30	14,440,618	USD
At 2022-06-30	16,874,002	USD
At 2021-12-31	23,444,188	USD
At 2021-09-30	34,737,624	USD
At 2021-06-30	33,452,387	USD
At 2020-12-31	40,928,475	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	Days
At 2022-09-30	3,170,102	USD
At 2021-12-31	6,276,106	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
2022-07-01 to 2022-09-30	-1,712,992	USD	92
2022-01-01 to 2022-09-30	-8,302,546	USD	273
2021-07-01 to 2021-09-30	-1,396,632	USD	92
2021-01-01 to 2021-09-30	-8,505,696	USD	273

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
2022-01-01 to 2022-09-30	-3,453,559	USD	273
2021-01-01 to 2021-09-30	-3,129,345	USD	273

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
2022-01-01 to 2022-09-30	5,771	USD	273
2021-01-01 to 2021-09-30	155,156	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
2022-07-01 to 2022-09-30	3,016,104	USD	92
2022-01-01 to 2022-09-30	10,495,097	USD	273
2021-07-01 to 2021-09-30	2,916,571	USD	92
2021-01-01 to 2021-09-30	9,798,154	USD	273

Contract revenue excluding tax

Revenue from customer contracts excluding assessed taxes under this specific taxonomy concept. It is not automatically comparable to older revenue tags.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	3,016,104	USD	92
2022-01-01 to 2022-09-30	10,495,097	USD	273
2021-07-01 to 2021-09-30	2,916,571	USD	92
2021-01-01 to 2021-09-30	9,798,154	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
2021-01-01 to 2021-09-30	2,760,973	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
2022-01-01 to 2022-09-30	-5,771	USD	273
2021-01-01 to 2021-09-30	-155,156	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 2022-09-30	-27,907,428	USD
At 2021-12-31	-19,604,882	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
2022-07-01 to 2022-09-30	6,932,931	shares	92
2022-01-01 to 2022-09-30	6,885,213	shares	273
2021-07-01 to 2021-09-30	6,399,158	shares	92
2021-01-01 to 2021-09-30	5,870,632	shares	273

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
2022-07-01 to 2022-09-30	-0.25	USD/shares	92
2022-01-01 to 2022-09-30	-1.21	USD/shares	273
2021-07-01 to 2021-09-30	-0.22	USD/shares	92
2021-01-01 to 2021-09-30	-1.45	USD/shares	273

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
2021-07-01 to 2021-09-30	167,532	USD	92
2021-01-01 to 2021-09-30	180,593	USD	273

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 2022-09-30	383,408	USD
At 2021-12-31	510,680	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
2022-01-01 to 2022-09-30	486,880	USD	273
2021-01-01 to 2021-09-30	38,610	USD	273

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
2022-07-01 to 2022-09-30	-953,998	USD	92
2022-01-01 to 2022-09-30	-7,465,128	USD	273
2021-07-01 to 2021-09-30	-1,146,842	USD	92
2021-01-01 to 2021-09-30	-8,191,548	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 2022-09-30	16,704,172	USD
At 2021-12-31	25,568,953	USD

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 2022-09-30	2,211,339	USD
At 2021-12-31	1,814,397	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 2022-09-30	928,452	USD
At 2021-12-31	358,362	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 2022-09-30	218,606	USD
At 2021-12-31	218,606	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 2022-09-30	389,943	USD
At 2021-12-31	103,397	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
2022-07-01 to 2022-09-30	2,091,741	USD	92
2022-01-01 to 2022-09-30	6,583,022	USD	273
2021-07-01 to 2021-09-30	2,546,381	USD	92
2021-01-01 to 2021-09-30	6,964,266	USD	273

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 2022-09-30	12,760,772	USD
At 2021-12-31	17,656,175	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
2022-07-01 to 2022-09-30	1,137,743	USD	92
2022-01-01 to 2022-09-30	-882,106	USD	273
2021-07-01 to 2021-09-30	1,399,539	USD	92
2021-01-01 to 2021-09-30	-1,227,282	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
2022-07-01 to 2022-09-30	1,878,361	USD	92
2022-01-01 to 2022-09-30	11,377,203	USD	273
2021-07-01 to 2021-09-30	1,517,032	USD	92
2021-01-01 to 2021-09-30	11,025,436	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
2022-07-01 to 2022-09-30	660	USD	92
2022-01-01 to 2022-09-30	10,328	USD	273
2021-07-01 to 2021-09-30	105,460	USD	92
2021-01-01 to 2021-09-30	110,251	USD	273

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 2022-09-30	6,951,049	shares
At 2021-12-31	6,836,742	shares

Accumulated other comprehensive income or loss

Cumulative other comprehensive items after tax, such as translation and unrealized hedging or securities effects. These amounts have not passed through net income.

Period	Value	Unit	Days
At 2022-09-30	-806,054	USD
At 2021-12-31	381,850	USD

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 2022-09-30	2,720,438	USD
At 2021-12-31	3,158,734	USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

Period	Value	Unit	Days
At 2022-09-30	879,616	USD
At 2021-12-31	961,198	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 2022-09-30	496,208	USD
At 2021-12-31	450,518	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 2022-09-30	339,604	USD
At 2021-12-31	527,000	USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	-1,712,992	USD	92
2022-01-01 to 2022-09-30	-8,302,546	USD	273
2021-07-01 to 2021-09-30	-1,229,100	USD	92
2021-01-01 to 2021-09-30	-8,325,103	USD	273

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
2022-07-01 to 2022-09-30	-2,412,794	USD	92
2022-01-01 to 2022-09-30	-9,296,940	USD	273
2021-07-01 to 2021-09-30	-1,488,606	USD	92
2021-01-01 to 2021-09-30	-8,990,434	USD	273

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
2022-07-01 to 2022-09-30	1,448,535	USD	92
2022-01-01 to 2022-09-30	4,401,272	USD	273
2021-07-01 to 2021-09-30	1,222,478	USD	92
2021-01-01 to 2021-09-30	3,993,521	USD	273

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
2022-07-01 to 2022-09-30	19,949	USD	92
2022-01-01 to 2022-09-30	62,110	USD	273
2021-07-01 to 2021-09-30	23,529	USD	92
2021-01-01 to 2021-09-30	62,055	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
2022-01-01 to 2022-09-30	62,110	USD	273
2021-01-01 to 2021-09-30	62,055	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
2022-07-01 to 2022-09-30	-758,994	USD	92
2022-01-01 to 2022-09-30	-837,418	USD	273
2021-07-01 to 2021-09-30	-82,258	USD	92
2021-01-01 to 2021-09-30	-133,555	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
2022-01-01 to 2022-09-30	9,016	USD	273
2021-01-01 to 2021-09-30	4,801	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
2022-01-01 to 2022-09-30	247,898	USD	273
2021-01-01 to 2021-09-30	251,067	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
2021-01-01 to 2021-09-30	2,760,973	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
2022-01-01 to 2022-09-30	295,163	USD	273
2021-01-01 to 2021-09-30	-332,870	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
2022-01-01 to 2022-09-30	1,706,482	USD	273
2021-01-01 to 2021-09-30	491,056	USD	273

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
2022-01-01 to 2022-09-30	570,090	USD	273
2021-01-01 to 2021-09-30	-27,270	USD	273

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"])))