AXIL BRANDS, INC.: 10-Q filed 2022-04-11

Name: AXIL BRANDS, INC.: 10-Q filed 2022-04-11
Creator: AXIL BRANDS, INC.

What AXIL BRANDS, INC. reported in its quarterly report filed 2022-04-11 (fiscal Q3 2022): 34 published measures, 91 facts as tagged in accession 0001520138-22-000150.

This filing

Form: 10-Q (quarterly report)
Filed: 2022-04-11
Fiscal period: fiscal Q3 2022
Accession: 0001520138-22-000150 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 2022-02-28	1,022,197	USD
At 2021-05-31	1,262,764	USD

Total liabilities

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

Period	Value	Unit	Days
At 2022-02-28	763,701	USD
At 2021-05-31	917,116	USD

Stockholders equity

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

Period	Value	Unit
At 2022-02-28	258,496	USD
At 2021-11-30	357,810	USD
At 2021-05-31	345,648	USD
At 2021-02-28	473,577	USD
At 2020-11-30	504,437	USD
At 2020-05-31	504,603	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 2022-02-28	445,945	USD
At 2021-05-31	496,937	USD
At 2021-02-28	492,066	USD
At 2020-05-31	409,031	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
2021-12-01 to 2022-02-28	-99,314	USD	90
2021-06-01 to 2022-02-28	-87,152	USD	273
2020-12-01 to 2021-02-28	-106,460	USD	90
2020-06-01 to 2021-02-28	-122,626	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
2021-06-01 to 2022-02-28	-90,873	USD	273
2020-06-01 to 2021-02-28	74,212	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
2020-06-01 to 2021-02-28	15,408	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
2021-12-01 to 2022-02-28	476,384	USD	90
2021-06-01 to 2022-02-28	1,809,472	USD	273
2020-12-01 to 2021-02-28	364,966	USD	90
2020-06-01 to 2021-02-28	1,277,480	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
2021-06-01 to 2022-02-28	39,881	USD	273
2020-06-01 to 2021-02-28	24,231	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
2020-06-01 to 2021-02-28	-15,408	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 2022-02-28	-5,195,816	USD
At 2021-05-31	-5,108,664	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 2022-02-28	30,413	USD
At 2021-05-31	37,016	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 2021-02-28	66,400	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
2021-12-01 to 2022-02-28	-97,501	USD	90
2021-06-01 to 2022-02-28	-117,212	USD	273
2020-12-01 to 2021-02-28	-121,028	USD	90
2020-06-01 to 2021-02-28	-134,509	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 2022-02-28	869,233	USD
At 2021-05-31	1,041,222	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
2021-12-01 to 2022-02-28	1,823	USD	90
2021-06-01 to 2022-02-28	4,968	USD	273
2020-12-01 to 2021-02-28	1,757	USD	90
2020-06-01 to 2021-02-28	4,461	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 2022-02-28	760,676	USD
At 2021-05-31	712,411	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
2021-12-01 to 2022-02-28	439,276	USD	90
2021-06-01 to 2022-02-28	1,315,379	USD	273
2020-12-01 to 2021-02-28	392,503	USD	90
2020-06-01 to 2021-02-28	934,411	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 2022-02-28	356,142	USD
At 2021-05-31	490,852	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
2021-12-01 to 2022-02-28	341,775	USD	90
2021-06-01 to 2022-02-28	1,198,167	USD	273
2020-12-01 to 2021-02-28	271,475	USD	90
2020-06-01 to 2021-02-28	799,902	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 2022-02-28	41,945,881	shares
At 2021-05-31	41,945,881	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 2022-02-28	5,450,117	USD
At 2021-05-31	5,450,117	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 2022-02-28	67,144	USD
At 2021-05-31	128,375	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 2022-02-28	45,128	USD
At 2021-05-31	45,128	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 2022-02-28	37,866	USD
At 2021-05-31	31,263	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 2022-02-28	152,964	USD
At 2021-05-31	221,542	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 2022-02-28	37,463	USD
At 2021-05-31	2,430	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
2021-12-01 to 2022-02-28	-99,314	USD	90
2021-06-01 to 2022-02-28	-87,152	USD	273
2020-12-01 to 2021-02-28	-106,460	USD	90
2020-06-01 to 2021-02-28	-122,626	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
2021-12-01 to 2022-02-28	60,928	USD	90
2021-06-01 to 2022-02-28	185,196	USD	273
2020-12-01 to 2021-02-28	74,059	USD	90
2020-06-01 to 2021-02-28	208,881	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
2021-12-01 to 2022-02-28	2,128	USD	90
2021-06-01 to 2022-02-28	6,603	USD	273
2020-12-01 to 2021-02-28	2,712	USD	90
2020-06-01 to 2021-02-28	7,622	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
2021-12-01 to 2022-02-28	-1,813	USD	90
2021-06-01 to 2022-02-28	30,060	USD	273
2020-12-01 to 2021-02-28	14,568	USD	90
2020-06-01 to 2021-02-28	11,883	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
2021-06-01 to 2022-02-28	375	USD	273
2020-06-01 to 2021-02-28	375	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
2021-06-01 to 2022-02-28	19,052	USD	273
2020-06-01 to 2021-02-28	89,683	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
2021-06-01 to 2022-02-28	134,710	USD	273
2020-06-01 to 2021-02-28	-13,399	USD	273

Inspect the source

Entity: AXIL BRANDS, INC. / CIK 0001718500
Captured: 2026-09-21 17:27 UTC
SEC response SHA-256: 7523ad424c8b1b207791c0c70a1fc5f4acbc9abe884cfcce0d5656416dae62ed

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

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import json
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with urlopen("https://canlicapital.com/company-data/0001718500.json") as response:
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print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
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