AXIL BRANDS, INC.: 10-Q filed 2023-04-12

Name: AXIL BRANDS, INC.: 10-Q filed 2023-04-12
Creator: AXIL BRANDS, INC.

What AXIL BRANDS, INC. reported in its quarterly report filed 2023-04-12 (fiscal Q3 2023): 47 published measures, 133 facts as tagged in accession 0001520138-23-000199.

This filing

Form: 10-Q (quarterly report)
Filed: 2023-04-12
Fiscal period: fiscal Q3 2023
Accession: 0001520138-23-000199 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
At 2023-02-28	9,290,452	USD
At 2022-05-31	893,915	USD
At 2022-02-28	1,022,197	USD

Total liabilities

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

Period	Value	Unit	Days
At 2023-02-28	3,430,868	USD
At 2022-05-31	709,203	USD

Stockholders equity

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

Period	Value	Unit
At 2023-02-28	5,859,584	USD
At 2022-11-30	5,546,814	USD
At 2022-05-31	184,712	USD
At 2022-02-28	258,496	USD
At 2021-11-30	357,810	USD
At 2021-05-31	345,648	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 2023-02-28	4,180,332	USD
At 2022-05-31	373,731	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
2022-12-01 to 2023-02-28	162,048	USD	90
2022-06-01 to 2023-02-28	1,064,475	USD	273
2021-12-01 to 2022-02-28	-99,314	USD	90
2021-06-01 to 2022-02-28	-87,152	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
2022-06-01 to 2023-02-28	2,319,976	USD	273
2021-06-01 to 2022-02-28	-90,873	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
2022-12-01 to 2023-02-28	11,250	USD	90
2022-06-01 to 2023-02-28	65,650	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
2022-12-01 to 2023-02-28	5,656,461	USD	90
2022-06-01 to 2023-02-28	16,625,818	USD	273
2021-12-01 to 2022-02-28	476,384	USD	90
2021-06-01 to 2022-02-28	1,809,472	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
2022-06-01 to 2023-02-28	485,861	USD	273
2021-06-01 to 2022-02-28	39,881	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
2022-06-01 to 2023-02-28	1,000,764	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 2023-02-28	-4,227,092	USD
At 2022-05-31	-5,291,567	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
2022-12-01 to 2023-02-28	116,990,021	shares	90
2022-06-01 to 2023-02-28	111,486,248	shares	273
2021-12-01 to 2022-02-28	41,945,881	shares	90
2021-06-01 to 2022-02-28	41,945,881	shares	273

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
2022-12-01 to 2023-02-28	372,590,021	shares	90
2022-06-01 to 2023-02-28	349,954,746	shares	273
2021-12-01 to 2022-02-28	41,945,881	shares	90
2021-06-01 to 2022-02-28	41,945,881	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
2022-12-01 to 2023-02-28	0	USD/shares	90
2022-06-01 to 2023-02-28	0.01	USD/shares	273
2021-12-01 to 2022-02-28	0	USD/shares	90
2021-06-01 to 2022-02-28	0	USD/shares	273

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	Unit	Days
2022-12-01 to 2023-02-28	USD/shares	90
2022-06-01 to 2023-02-28	USD/shares	273
2021-12-01 to 2022-02-28	USD/shares	90
2021-06-01 to 2022-02-28	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
2022-12-01 to 2023-02-28	59,547	USD	90
2022-06-01 to 2023-02-28	395,344	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 2023-02-28	166,324	USD
At 2022-05-31	29,145	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
2022-12-01 to 2023-02-28	30,922	USD	90
2022-06-01 to 2023-02-28	155,067	USD	273
2021-12-01 to 2022-02-28	0	USD	90
2021-06-01 to 2022-02-28	0	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
2022-12-01 to 2023-02-28	216,588	USD	90
2022-06-01 to 2023-02-28	1,400,984	USD	273
2021-12-01 to 2022-02-28	-97,501	USD	90
2021-06-01 to 2022-02-28	-117,212	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 2023-02-28	6,440,544	USD
At 2022-05-31	803,040	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
2022-12-01 to 2023-02-28	1,714	USD	90
2022-06-01 to 2023-02-28	4,927	USD	273
2021-12-01 to 2022-02-28	1,823	USD	90
2021-06-01 to 2022-02-28	4,968	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 2023-02-28	2,853,341	USD
At 2022-05-31	707,003	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 2023-02-28	758,755	USD
At 2022-05-31	435,713	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 2023-02-28	2,152,215	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 2023-02-28	402,047	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
2022-12-01 to 2023-02-28	4,001,897	USD	90
2022-06-01 to 2023-02-28	11,139,189	USD	273
2021-12-01 to 2022-02-28	439,276	USD	90
2021-06-01 to 2022-02-28	1,315,379	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 2023-02-28	1,368,635	USD
At 2022-05-31	323,388	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
2022-12-01 to 2023-02-28	4,218,485	USD	90
2022-06-01 to 2023-02-28	12,540,173	USD	273
2021-12-01 to 2022-02-28	341,775	USD	90
2021-06-01 to 2022-02-28	1,198,167	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
2022-12-01 to 2023-02-28	1,437,976	USD	90
2022-06-01 to 2023-02-28	4,085,645	USD	273
2021-12-01 to 2022-02-28	134,609	USD	90
2021-06-01 to 2022-02-28	611,305	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 2023-02-28	117,076,949	shares
At 2022-05-31	41,945,881	shares

Cash including restricted cash

Cash, cash equivalents and restricted cash as reported in the cash flow reconciliation. Restricted amounts are not freely available, so this is not the same as unrestricted cash.

Period	Value	Unit
At 2023-02-28	4,180,332	USD
At 2022-05-31	373,731	USD
At 2022-02-28	445,945	USD
At 2021-05-31	496,937	USD

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 2023-02-28	10,049,968	USD
At 2022-05-31	5,472,084	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 2023-02-28	117,127	USD
At 2022-05-31	45,453	USD

Operating lease liability

Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.

Period	Value	Unit	Days
At 2023-02-28	117,492	USD
At 2022-05-31	47,166	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 2023-02-28	51,181	USD
At 2022-05-31	39,134	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 2023-02-28	437,031	USD

Current contract liabilities

Consideration received before performance obligations are satisfied, often called deferred revenue. It is an obligation to deliver, not earned revenue or cash available.

Period	Value	Unit	Days
At 2023-02-28	1,302,694	USD
At 2022-05-31	0	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
2022-12-01 to 2023-02-28	221,595	USD	90
2022-06-01 to 2023-02-28	1,459,819	USD	273
2021-12-01 to 2022-02-28	-99,314	USD	90
2021-06-01 to 2022-02-28	-87,152	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
2022-12-01 to 2023-02-28	251,025	USD	90
2022-06-01 to 2023-02-28	841,761	USD	273
2021-12-01 to 2022-02-28	60,928	USD	90
2021-06-01 to 2022-02-28	185,196	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
2022-12-01 to 2023-02-28	4,554	USD	90
2022-06-01 to 2023-02-28	12,046	USD	273
2021-12-01 to 2022-02-28	2,128	USD	90
2021-06-01 to 2022-02-28	6,603	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
2022-12-01 to 2023-02-28	23,929	USD	90
2022-06-01 to 2023-02-28	66,944	USD	273
2021-12-01 to 2022-02-28	2,128	USD	90
2021-06-01 to 2022-02-28	6,603	USD	273

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
2022-12-01 to 2023-02-28	19,376	USD	90
2022-06-01 to 2023-02-28	54,898	USD	273
2021-12-01 to 2022-02-28	0	USD	90
2021-06-01 to 2022-02-28	0	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
2022-12-01 to 2023-02-28	5,007	USD	90
2022-06-01 to 2023-02-28	58,835	USD	273
2021-12-01 to 2022-02-28	-1,813	USD	90
2021-06-01 to 2022-02-28	30,060	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
2022-06-01 to 2023-02-28	3,173	USD	273
2021-06-01 to 2022-02-28	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
2022-06-01 to 2023-02-28	134,622	USD	273
2021-06-01 to 2022-02-28	-19,052	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
2022-06-01 to 2023-02-28	-297,213	USD	273
2021-06-01 to 2022-02-28	-134,710	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
2022-06-01 to 2023-02-28	87,879	USD	273
2021-06-01 to 2022-02-28	-24,303	USD	273

Inspect the source

Entity: AXIL BRANDS, INC. / CIK 0001718500
Captured: 2026-09-21T17:27:05.751Z
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["policy"])
for concept in record["concepts"]:
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