AXIL BRANDS, INC.: 10-K filed 2021-08-30

Name: AXIL BRANDS, INC.: 10-K filed 2021-08-30
Creator: AXIL BRANDS, INC.

What AXIL BRANDS, INC. reported in its annual report filed 2021-08-30 (fiscal FY 2021): 33 published measures, 67 facts as tagged in accession 0001520138-21-000506.

This filing

Form: 10-K (annual report)
Filed: 2021-08-30
Fiscal period: fiscal FY 2021
Accession: 0001520138-21-000506 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 AXIL BRANDS, 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 2021-05-31	1,262,764	USD
At 2020-05-31	1,142,902	USD

Total liabilities

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

Period	Value	Unit	Days
At 2021-05-31	917,116	USD
At 2020-05-31	638,299	USD

Stockholders equity

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

Period	Value	Unit
At 2021-05-31	345,648	USD
At 2020-05-31	504,603	USD
At 2019-05-31	677,370	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 2021-05-31	496,937	USD
At 2020-05-31	409,031	USD
At 2019-05-31	346,179	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
2020-06-01 to 2021-05-31	-297,755	USD	365
2019-06-01 to 2020-05-31	-172,767	USD	366

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
2020-06-01 to 2021-05-31	48,407	USD	365
2019-06-01 to 2020-05-31	-89,704	USD	366

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
2020-06-01 to 2021-05-31	15,408	USD	365
2019-06-01 to 2020-05-31	9,230	USD	366

Revenue

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

Period	Value	Unit	Days
2020-06-01 to 2021-05-31	1,633,609	USD	365
2019-06-01 to 2020-05-31	1,012,711	USD	366

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
2020-06-01 to 2021-05-31	54,907	USD	365
2019-06-01 to 2020-05-31	161,786	USD	366

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
2020-06-01 to 2021-05-31	-15,408	USD	365
2019-06-01 to 2020-05-31	-9,230	USD	366

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 2021-05-31	-5,108,664	USD
At 2020-05-31	-4,810,909	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 2021-05-31	37,016	USD
At 2020-05-31	31,577	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
2020-06-01 to 2021-05-31	138,800	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
2020-06-01 to 2021-05-31	-321,054	USD	365
2019-06-01 to 2020-05-31	-171,119	USD	366

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 2021-05-31	1,041,222	USD
At 2020-05-31	893,064	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
2020-06-01 to 2021-05-31	6,078	USD	365
2019-06-01 to 2020-05-31	1,752	USD	366

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 2021-05-31	712,411	USD
At 2020-05-31	339,799	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
2020-06-01 to 2021-05-31	1,354,962	USD	365
2019-06-01 to 2020-05-31	703,052	USD	366

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 2021-05-31	490,852	USD
At 2020-05-31	288,124	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
2020-06-01 to 2021-05-31	1,033,908	USD	365
2019-06-01 to 2020-05-31	531,933	USD	366

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 2021-05-31	41,945,881	shares
At 2020-05-31	41,285,881	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 2021-05-31	5,450,117	USD
At 2020-05-31	5,311,383	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 2021-05-31	128,375	USD
At 2020-05-31	201,984	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 2021-05-31	-31,263	USD
At 2020-05-31	-21,294	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 2021-05-31	221,542	USD
At 2020-05-31	249,838	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 2021-05-31	2,430	USD
At 2020-05-31	13,708	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
2020-06-01 to 2021-05-31	-297,755	USD	365
2019-06-01 to 2020-05-31	-172,767	USD	366

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
2020-06-01 to 2021-05-31	281,917	USD	365
2019-06-01 to 2020-05-31	270,279	USD	366

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
2020-06-01 to 2021-05-31	9,969	USD	365
2019-06-01 to 2020-05-31	10,456	USD	366

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
2020-06-01 to 2021-05-31	23,299	USD	365
2019-06-01 to 2020-05-31	-1,648	USD	366

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
2020-06-01 to 2021-05-31	500	USD	365
2019-06-01 to 2020-05-31	1,327	USD	366

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
2020-06-01 to 2021-05-31	-90,263	USD	365
2019-06-01 to 2020-05-31	101,654	USD	366

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
2020-06-01 to 2021-05-31	226,442	USD	365
2019-06-01 to 2020-05-31	23,546	USD	366

Inspect the source

Entity: AXIL BRANDS, INC. / CIK 0001718500
Captured: 2026-09-21T17:27:05.751Z
SEC response SHA-256: 7523ad424c8b1b207791c0c70a1fc5f4acbc9abe884cfcce0d5656416dae62ed

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import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001718500.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"])))