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AXIL BRANDS, INC.: 10-Q filed 2024-01-04

What AXIL BRANDS, INC. reported in its quarterly report filed 2024-01-04 (fiscal Q2 2024): 47 published measures, 138 facts as tagged in accession 0001520138-24-000008.

This filing

Form
10-Q (quarterly report)
Filed
2024-01-04
Fiscal period
fiscal Q2 2024
Accession
0001520138-24-000008 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.

PeriodValueUnitDays
At 2023-11-3013,126,009USD
At 2023-05-3110,169,314USD

Total liabilities

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

PeriodValueUnitDays
At 2023-11-305,179,308USD
At 2023-05-313,497,355USD

Stockholders equity

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

PeriodValueUnitDays
At 2023-11-307,946,701USD
At 2023-08-316,877,518USD
At 2023-05-316,671,959USD
At 2022-11-305,546,814USD
At 2022-08-314,465,002USD
At 2022-05-31184,712USD

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.

PeriodValueUnitDays
At 2023-11-305,962,431USD
At 2023-05-314,832,682USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

PeriodValueUnitDays
2023-09-01 to 2023-11-301,018,075USD91
2023-06-01 to 2023-11-301,172,527USD183
2022-09-01 to 2022-11-30726,900USD91
2022-06-01 to 2022-11-30902,427USD183

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

PeriodValueUnitDays
2023-06-01 to 2023-11-301,252,113USD183
2022-06-01 to 2022-11-302,196,195USD183

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

PeriodValueUnitDays
2023-06-01 to 2023-11-3070,845USD183
2022-06-01 to 2022-11-3054,400USD183

Revenue

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

PeriodValueUnitDays
2023-09-01 to 2023-11-308,421,677USD91
2023-06-01 to 2023-11-3014,527,946USD183
2022-09-01 to 2022-11-306,731,999USD91
2022-06-01 to 2022-11-3010,969,357USD183

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

PeriodValueUnitDays
2023-06-01 to 2023-11-30-51,519USD183
2022-06-01 to 2022-11-30436,230USD183

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

PeriodValueUnitDays
2023-06-01 to 2023-11-30-70,845USD183
2022-06-01 to 2022-11-301,012,014USD183

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

PeriodValueUnitDays
At 2023-11-30-2,294,465USD
At 2023-05-31-3,466,992USD

Basic weighted-average shares

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

PeriodValueUnitDays
2023-09-01 to 2023-11-30117,076,949shares91
2023-06-01 to 2023-11-30117,076,949shares183
2022-09-01 to 2022-11-30115,226,893shares91
2022-06-01 to 2022-11-30108,779,476shares183

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.

PeriodValueUnitDays
2023-09-01 to 2023-11-30372,451,949shares91
2023-06-01 to 2023-11-30372,451,949shares183
2022-09-01 to 2022-11-30368,993,486shares91
2022-06-01 to 2022-11-30341,429,203shares183

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.

PeriodValueUnitDays
2023-09-01 to 2023-11-300.01USD/shares91
2023-06-01 to 2023-11-300.01USD/shares183
2022-09-01 to 2022-11-300.01USD/shares91
2022-06-01 to 2022-11-300.01USD/shares183

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.

PeriodValueUnitDays
2023-09-01 to 2023-11-300USD/shares91
2023-06-01 to 2023-11-300USD/shares183
2022-09-01 to 2022-11-300USD/shares91
2022-06-01 to 2022-11-300USD/shares183

Income tax expense or benefit

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

PeriodValueUnitDays
2023-09-01 to 2023-11-30364,393USD91
2023-06-01 to 2023-11-30430,382USD183
2022-09-01 to 2022-11-30261,044USD91
2022-06-01 to 2022-11-30335,797USD183

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.

PeriodValueUnitDays
At 2023-11-30211,036USD
At 2023-05-31157,463USD

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.

PeriodValueUnitDays
2023-09-01 to 2023-11-3051,108USD91
2023-06-01 to 2023-11-30102,215USD183
2022-09-01 to 2022-11-3026,862USD91
2022-06-01 to 2022-11-30124,145USD183

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.

PeriodValueUnitDays
2023-09-01 to 2023-11-301,263,912USD91
2023-06-01 to 2023-11-301,437,669USD183
2022-09-01 to 2022-11-30984,995USD91
2022-06-01 to 2022-11-301,184,396USD183

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.

PeriodValueUnitDays
At 2023-11-3010,336,728USD
At 2023-05-317,362,922USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

PeriodValueUnitDays
2023-09-01 to 2023-11-301,640USD91
2023-06-01 to 2023-11-303,284USD183
2022-09-01 to 2022-11-301,755USD91
2022-06-01 to 2022-11-303,213USD183

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

PeriodValueUnitDays
At 2023-11-304,476,884USD
At 2023-05-312,854,661USD

Current accounts payable

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

PeriodValueUnitDays
At 2023-11-301,922,159USD
At 2023-05-31908,606USD

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.

PeriodValueUnitDays
At 2023-11-302,152,215USD
At 2023-05-312,152,215USD

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.

PeriodValueUnitDays
At 2023-11-30343,924USD
At 2023-05-31382,674USD

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.

PeriodValueUnitDays
2023-09-01 to 2023-11-304,994,027USD91
2023-06-01 to 2023-11-309,467,836USD183
2022-09-01 to 2022-11-304,054,039USD91
2022-06-01 to 2022-11-307,137,292USD183

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

PeriodValueUnitDays
At 2023-11-302,352,215USD
At 2023-05-311,311,864USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

PeriodValueUnitDays
2023-09-01 to 2023-11-306,257,939USD91
2023-06-01 to 2023-11-3010,905,505USD183
2022-09-01 to 2022-11-305,039,034USD91
2022-06-01 to 2022-11-308,321,688USD183

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.

PeriodValueUnitDays
At 2023-11-30117,076,949shares
At 2023-05-31117,076,949shares

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.

PeriodValueUnitDays
At 2023-11-305,962,431USD
At 2023-05-314,832,682USD
At 2022-11-304,018,170USD
At 2022-05-31373,731USD

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.

PeriodValueUnitDays
At 2023-11-3010,204,458USD
At 2023-05-3110,102,243USD

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.

PeriodValueUnitDays
At 2023-11-3069,911USD
At 2023-05-31101,845USD

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.

PeriodValueUnitDays
At 2023-11-3071,374USD
At 2023-05-31102,576USD

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.

PeriodValueUnitDays
At 2023-11-3077,314USD
At 2023-05-3171,059USD

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

PeriodValueUnitDays
At 2023-11-30128,457USD
At 2023-05-3117,464USD

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.

PeriodValueUnitDays
At 2023-11-301,068,767USD
At 2023-05-31801,360USD

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.

PeriodValueUnitDays
At 2023-11-301,050,420USD
At 2023-05-31827,106USD

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.

PeriodValueUnitDays
2023-09-01 to 2023-11-301,382,468USD91
2023-06-01 to 2023-11-301,602,909USD183
2022-09-01 to 2022-11-30987,944USD91
2022-06-01 to 2022-11-301,238,224USD183

Profit or loss including noncontrolling interests

Net income or loss including the portion attributable to noncontrolling interests. It can differ from the net income attributable to the parent that per-share figures use.

PeriodValueUnitDays
2023-09-01 to 2023-11-301,018,075USD91
2023-06-01 to 2023-11-301,172,527USD183
2022-09-01 to 2022-11-30726,900USD91
2022-06-01 to 2022-11-30902,427USD183

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.

PeriodValueUnitDays
2023-09-01 to 2023-11-30625,273USD91
2023-06-01 to 2023-11-301,185,477USD183
2022-09-01 to 2022-11-30232,597USD91
2022-06-01 to 2022-11-30590,736USD183

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.

PeriodValueUnitDays
2023-09-01 to 2023-11-308,410USD91
2023-06-01 to 2023-11-3017,272USD183
2022-09-01 to 2022-11-303,970USD91
2022-06-01 to 2022-11-307,493USD183

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

PeriodValueUnitDays
2023-09-01 to 2023-11-3027,785USD91
2023-06-01 to 2023-11-3056,022USD183
2022-09-01 to 2022-11-3023,346USD91
2022-06-01 to 2022-11-3043,015USD183

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.

PeriodValueUnitDays
2023-09-01 to 2023-11-3019,375USD91
2023-06-01 to 2023-11-3038,750USD183
2022-09-01 to 2022-11-3019,376USD91
2022-06-01 to 2022-11-3035,522USD183

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.

PeriodValueUnitDays
2023-09-01 to 2023-11-30118,556USD91
2023-06-01 to 2023-11-30165,240USD183
2022-09-01 to 2022-11-302,949USD91
2022-06-01 to 2022-11-3053,828USD183

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.

PeriodValueUnitDays
2023-06-01 to 2023-11-303,284USD183
2022-06-01 to 2022-11-30250USD183

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.

PeriodValueUnitDays
2023-06-01 to 2023-11-30600,626USD183
2022-06-01 to 2022-11-30563,594USD183

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.

PeriodValueUnitDays
2023-06-01 to 2023-11-301,040,351USD183
2022-06-01 to 2022-11-30447,830USD183

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

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.

Public company accounting reference, not market prices, returns, an investment recommendation, or ALPHAC performance. Validate a separately constructed return series with the validation API; accounting values are not returns.

Use this in research

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Read the published dataset with Python
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"])))