10-K Filing

EXEO ENTERTAINMENT, INC. CIK: 1528760 FY 2014

Filing Information

Form Type	10-K
Accession Number	`0001199835-15-000041`
Period End Date	20141130
Filing Date	20150220
Fiscal Year	2014
Fiscal Period	FY
XBRL Instance	exeo-20141130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 68 Cash Flow Statement 58 Stockholders Equity 24

Balance Sheet 55 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$358.30K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$326.68K	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$110.00	USD	Point-in-time
Inventory	`InventoryNet`	$14.91K	USD	Point-in-time
Inventory	`InventoryNet`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseAndOtherAssets`	$44.15K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseAndOtherAssets`	$2.92K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$402.44K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$344.63K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$81.13K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$105.56K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$425.76K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$508.01K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableCurrent`	$47.48K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableCurrent`	$69.29K	USD	Point-in-time
Accrued interest payable to non-affiliates	`InterestPayableCurrent`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accrued interest payable to non-affiliates	`InterestPayableCurrent`	$11.79K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Federal and state taxes payable	`TaxesPayableCurrent`	-	USD	Point-in-time
Federal and state taxes payable	`TaxesPayableCurrent`	$18.02K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	23.43M	shares	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$85.00K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	24.14M	shares	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	22.50M	shares	Point-in-time
Notes payable	`DebtCurrent`	$9.70K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	24.14M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	23.43M	shares	Point-in-time
Notes payable	`DebtCurrent`	$9.70K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$193.80K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$57.18K	USD	Point-in-time
Note payable	`OtherLiabilitiesNoncurrent`	$19.19K	USD	Point-in-time
Note payable	`OtherLiabilitiesNoncurrent`	$9.31K	USD	Point-in-time
Total long-term liabilities	`LongTermDebtAndCapitalLeaseObligations`	$19.19K	USD	Point-in-time
Total long-term liabilities	`LongTermDebtAndCapitalLeaseObligations`	$9.31K	USD	Point-in-time
Total Liabilities	`Liabilities`	$203.11K	USD	Point-in-time
Total Liabilities	`Liabilities`	$76.36K	USD	Point-in-time
Convertible Preferred Stock Series A - $0.0001 par value, 1,000,000 shares authorized, 19,500 and no shares issued, respectively	`PreferredStockValue`	$2.00	USD	Point-in-time
Convertible Preferred Stock Series A - $0.0001 par value, 1,000,000 shares authorized, 19,500 and no shares issued, respectively	`PreferredStockValue`	-	USD	Point-in-time
Convertible Preferred Stock Series B - $0.0001 par value, 1,000,000 shares authorized, no shares issued	`PreferredStockSeriesB`	$1.00	USD	Point-in-time
Convertible Preferred Stock Series B - $0.0001 par value, 1,000,000 shares authorized, no shares issued	`PreferredStockSeriesB`	-	USD	Point-in-time
Common stock - $0.0001 par value, 100,000,000 shares authorized; 24,140,600, and 23,433,100 shares issued and outstanding, respectively	`CommonStockValueOutstanding`	$2.41K	USD	Point-in-time
Common stock - $0.0001 par value, 100,000,000 shares authorized; 24,140,600, and 23,433,100 shares issued and outstanding, respectively	`CommonStockValueOutstanding`	$2.34K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.08M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.97M	USD	Point-in-time
Deficit accumulated	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$2.75M	USD	Point-in-time
Deficit accumulated	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$1.65M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$431.64K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$222.65K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$425.76K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$508.01K	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`SalesRevenueGoodsNet`	$3.64K	USD	Annual
REVENUES	`SalesRevenueGoodsNet`	-	USD	Annual
Cost of direct materials, shipping and labor	`CostOfGoodsSold`	-	USD	Annual
Cost of direct materials, shipping and labor	`CostOfGoodsSold`	$-1.62K	USD	Annual
GROSS PROFIT	`GrossProfit`	-	USD	Annual
GROSS PROFIT	`GrossProfit`	$2.02K	USD	Annual
Advertising	`AdvertisingExpense`	$42.28K	USD	Annual
Advertising	`AdvertisingExpense`	$1.42K	USD	Annual
Automobile and truck	`AutomobileAndTruck`	$7.83K	USD	Annual
Automobile and truck	`AutomobileAndTruck`	$4.37K	USD	Annual
Bank service charges	`BankServiceCharges`	$2.75K	USD	Annual
Bank service charges	`BankServiceCharges`	$1.31K	USD	Annual
Compensation - non-directors	`CompensationNondirectors`	$93.71K	USD	Annual
Compensation - non-directors	`CompensationNondirectors`	$38.23K	USD	Annual
Compensation - officers / directors	`CompensationOfficersDirectors`	$120.33K	USD	Annual
Compensation - officers / directors	`CompensationOfficersDirectors`	$121.11K	USD	Annual
Stock-based compensation to officers and employee	`ShareBasedCompensation`	$200.00K	USD	Annual
Stock-based compensation to officers and employee	`ShareBasedCompensation`	$200.00K	USD	Annual
Computer and internet	`ComputerAndInternet`	$1.35K	USD	Annual
Computer and internet	`ComputerAndInternet`	$1.58K	USD	Annual
Consulting fees	`ConsultingFeesCash`	$60.00K	USD	Annual
Consulting fees	`ConsultingFeesCash`	$107.50K	USD	Annual
Depreciation	`Depreciation`	$27.33K	USD	Annual
Depreciation	`Depreciation`	$25.60K	USD	Annual
Filing fees	`FilingFees`	$2.90K	USD	Annual
Filing fees	`FilingFees`	$725.00	USD	Annual
Legal and professional	`ProfessionalFees`	$64.25K	USD	Annual
Legal and professional	`ProfessionalFees`	$71.81K	USD	Annual
Meals and entertainment	`MealsAndEntertainment`	$91.00	USD	Annual
Meals and entertainment	`MealsAndEntertainment`	$819.00	USD	Annual
Office rent	`OfficeRent`	$84.07K	USD	Annual
Office rent	`OfficeRent`	$84.07K	USD	Annual
Office expense	`OfficeExpense`	$9.96K	USD	Annual
Office expense	`OfficeExpense`	$7.20K	USD	Annual
Promotions - tradeshow exhibitor	`PromotionsTradeShowExhibit`	$38.68K	USD	Annual
Promotions - tradeshow exhibitor	`PromotionsTradeShowExhibit`	$44.43K	USD	Annual
Promotions - other	`PromotionsOtherCost`	$21.90K	USD	Annual
Promotions - other	`PromotionsOtherCost`	-	USD	Annual
Research and product development	`ResearchAndDevelopmentExpense`	$128.11K	USD	Annual
Research and product development	`ResearchAndDevelopmentExpense`	$112.97K	USD	Annual
Royalties	`RoyaltyExpense`	$159.03K	USD	Annual
Royalties	`RoyaltyExpense`	$12.03K	USD	Annual
Federal and state taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Federal and state taxes	`IncomeTaxExpenseBenefit`	$17.60K	USD	Annual
Travel	`TravelAndEntertainmentExpense`	$9.09K	USD	Annual
Travel	`TravelAndEntertainmentExpense`	$5.12K	USD	Annual
Utilities	`UtilitiesOperatingExpenseOperations`	$21.53K	USD	Annual
Utilities	`UtilitiesOperatingExpenseOperations`	$19.59K	USD	Annual
TOTAL OPERATING EXPENSE	`CostsAndExpenses`	$1.10M	USD	Annual
TOTAL OPERATING EXPENSE	`CostsAndExpenses`	$876.18K	USD	Annual
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-876.18K	USD	Annual
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-1.09M	USD	Annual
Foregiveness of Debt	`GainsLossesOnExtinguishmentOfDebt`	$5.00K	USD	Annual
Foregiveness of Debt	`GainsLossesOnExtinguishmentOfDebt`	$21.02K	USD	Annual
TOTAL OTHER INCOME	`OtherNonoperatingIncome`	$5.00K	USD	Annual
TOTAL OTHER INCOME	`OtherNonoperatingIncome`	$21.02K	USD	Annual
Interest expense	`InterestExpense`	$12.69K	USD	Annual
Interest expense	`InterestExpense`	$1.24K	USD	Annual
Impairment loss as to vehicle	`ImpairmentLossAsToVehicle`	$2.62K	USD	Annual
Impairment loss as to vehicle	`ImpairmentLossAsToVehicle`	-	USD	Annual
TOTAL OTHER EXPENSES	`OtherNonoperatingIncomeExpense`	$-1.24K	USD	Annual
TOTAL OTHER EXPENSES	`OtherNonoperatingIncomeExpense`	$-15.31K	USD	Annual
NET INCOME (LOSS)	`NetIncomeLoss`	$-856.41K	USD	Annual
NET INCOME (LOSS)	`NetIncomeLoss`	$-1.10M	USD	Annual
NET INCOME (LOSS) PER SHARE: BASIC AND DILUTED	`EarningsPerShareBasic`	$-0.04	USD	Annual
NET INCOME (LOSS) PER SHARE: BASIC AND DILUTED	`EarningsPerShareBasic`	$-0.05	USD	Annual
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	`WeightedAverageNumberOfSharesOutstandingBasic`	23.71M	shares	Annual
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	`WeightedAverageNumberOfSharesOutstandingBasic`	23.02M	shares	Annual

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-856.41K	USD	Annual
Net loss	`NetIncomeLoss`	$-1.10M	USD	Annual
Depreciation	`DepreciationDepletionAndAmortization`	$27.33K	USD	Annual
Depreciation	`DepreciationDepletionAndAmortization`	$25.60K	USD	Annual
Stock-based compensation to officers	`ShareBasedCompensation`	$200.00K	USD	Annual
Stock-based compensation to officers	`ShareBasedCompensation`	$200.00K	USD	Annual
Foregiveness of Debt	`ForegivenessOfDebt`	$-5.00K	USD	Annual
Foregiveness of Debt	`ForegivenessOfDebt`	$-21.02K	USD	Annual
Imputed interest	`AmortizationOfDebtDiscountPremium`	$38.00	USD	Annual
Imputed interest	`AmortizationOfDebtDiscountPremium`	$11.79K	USD	Annual
Impairment of fixed assets	`AssetImpairmentCharges`	-	USD	Annual
Impairment of fixed assets	`AssetImpairmentCharges`	$2.62K	USD	Annual
Decrease (Increase) in pre-paid expenses	`IncreaseDecreaseInPrepaidExpense`	$29.64K	USD	Annual
Decrease (Increase) in pre-paid expenses	`IncreaseDecreaseInPrepaidExpense`	$-41.23K	USD	Annual
Decrease (Increase) in inventory	`IncreaseDecreaseInInventories`	$14.91K	USD	Annual
Decrease (Increase) in inventory	`IncreaseDecreaseInInventories`	-	USD	Annual
Decrease (Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	Annual
Decrease (Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$110.00	USD	Annual
Decrease (Increase) in accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$46.42K	USD	Annual
Decrease (Increase) in accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$19.91K	USD	Annual
Increase in federal and state taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	-	USD	Annual
Increase in federal and state taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$18.02K	USD	Annual
Increase in accrued interest due to related parties	`IncreaseDecreaseInNotesPayableRelatedParties`	$6.90K	USD	Annual
Increase in accrued interest due to related parties	`IncreaseDecreaseInNotesPayableRelatedParties`	$885.00	USD	Annual
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-797.01K	USD	Annual
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-634.11K	USD	Annual
Acquisition of property and equipment	`PaymentsToAcquireProductiveAssets`	$24.04K	USD	Annual
Acquisition of property and equipment	`PaymentsToAcquireProductiveAssets`	$5.52K	USD	Annual
Cash Flows Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-5.52K	USD	Annual
Cash Flows Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-24.04K	USD	Annual
Proceeds from issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$548.29K	USD	Annual
Proceeds from issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$918.55K	USD	Annual
Proceeds from issuance of preferred stock, net of issuance costs	`ProceedsFromIssuanceOfConvertiblePreferredStock`	$147.50K	USD	Annual
Proceeds from issuance of preferred stock, net of issuance costs	`ProceedsFromIssuanceOfConvertiblePreferredStock`	-	USD	Annual
Proceeds from related party debt	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	Annual
Proceeds from related party debt	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$85.00K	USD	Annual
Payments on related party debt	`RepaymentsOfRelatedPartyDebt`	-	USD	Annual
Payments on related party debt	`RepaymentsOfRelatedPartyDebt`	$16.98K	USD	Annual
Proceeds from notes payable	`ProceedsFromNotesPayable`	-	USD	Annual
Proceeds from notes payable	`ProceedsFromNotesPayable`	-	USD	Annual
Payments on notes payable	`ProceedsFromRepaymentsOfShortTermDebt`	$-5.71K	USD	Annual
Payments on notes payable	`ProceedsFromRepaymentsOfShortTermDebt`	-	USD	Annual
Payments on notes payable - auto loan	`ProceedsFromRepaymentsOfSecuredDebt`	$-9.88K	USD	Annual
Payments on notes payable - auto loan	`ProceedsFromRepaymentsOfSecuredDebt`	$-10.08K	USD	Annual
Cash Flows Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$885.78K	USD	Annual
Cash Flows Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$770.91K	USD	Annual
Net increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-31.61K	USD	Annual
Net increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$227.62K	USD	Annual
Cash and cash equivalents, beginning of the year	`Cash`	$358.30K	USD	Point-in-time
Cash and cash equivalents, beginning of the year	`Cash`	$326.68K	USD	Point-in-time
Cash and cash equivalents, beginning of the year	`Cash`	$130.68K	USD	Point-in-time
Cash and cash equivalents, end of the year	`Cash`	$358.30K	USD	Point-in-time
Cash and cash equivalents, end of the year	`Cash`	$326.68K	USD	Point-in-time
Cash and cash equivalents, end of the year	`Cash`	$130.68K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$476.00	USD	Annual
Cash paid for interest	`InterestPaid`	$308.00	USD	Annual
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	Annual

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, amount	`StockholdersEquity`	$222.65K	USD	Point-in-time
Beginning Balance, amount	`StockholdersEquity`	$169.46K	USD	Point-in-time
Beginning Balance, amount	`StockholdersEquity`	$431.64K	USD	Point-in-time
Beginning Balance, shares	`CommonStockSharesOutstanding`	22.50M	shares	Point-in-time
Beginning Balance, shares	`CommonStockSharesOutstanding`	24.14M	shares	Point-in-time
Beginning Balance, shares	`CommonStockSharesOutstanding`	23.43M	shares	Point-in-time
Shares issued for cash, amount	`StockIssuedDuringPeriodValueIssuedForCash`	$412.00K	USD	Annual
Shares issued for cash, amount	`StockIssuedDuringPeriodValueIssuedForCash`	$937.74K	USD	Annual
Shares issued for cash upon exercise of stock warrants, amount	`WarrantsExercised`	$154.00K	USD	Annual
Series A Preferred shares issued for cash, amount	`SeriesPreferredSharesIssuedForCashAmount`	$97.50K	USD	Annual
Series B Preferred shares issued for cash, amount	`SeriesBPreferredSharesIssuedForCashAmount`	$50.00K	USD	Annual
Stock options granted to officers	`StockOptionsGrantedToOfficers`	$200.00K	USD	Annual
Stock options granted to officers	`StockOptionsGrantedToOfficers`	$200.00K	USD	Annual
Equity issuance costs	`PaymentsOfStockIssuanceCosts`	$-19.19K	USD	Annual
Equity issuance costs	`PaymentsOfStockIssuanceCosts`	$-17.71K	USD	Annual
Imputed interest on payable	`ImputedInterestOnPayable`	$38.00	USD	Annual
Net loss	`NetIncomeLoss`	$-856.41K	USD	Annual
Net loss	`NetIncomeLoss`	$-1.10M	USD	Annual
Ending Balance, amount	`StockholdersEquity`	$222.65K	USD	Point-in-time
Ending Balance, amount	`StockholdersEquity`	$169.46K	USD	Point-in-time
Ending Balance, amount	`StockholdersEquity`	$431.64K	USD	Point-in-time
Ending Balance, shares	`CommonStockSharesOutstanding`	22.50M	shares	Point-in-time
Ending Balance, shares	`CommonStockSharesOutstanding`	24.14M	shares	Point-in-time
Ending Balance, shares	`CommonStockSharesOutstanding`	23.43M	shares	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.