10-Q Filing

EXEO ENTERTAINMENT, INC. CIK: 1528760 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0001199835-15-000478`
Period End Date	20150831
Filing Date	20151020
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	exeo-20150831.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 76 Cash Flow Statement 58

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$326.68K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$363.58K	USD	Point-in-time
Inventory	`InventoryNet`	$235.45K	USD	Point-in-time
Inventory	`InventoryNet`	$14.91K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseAndOtherAssets`	$2.92K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseAndOtherAssets`	$4.17K	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$360.00	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$110.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$603.56K	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`	$63.37K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$666.93K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$425.76K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableCurrent`	$69.29K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableCurrent`	$4.92K	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, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accrued interest payable to non-affiliates	`InterestPayableCurrent`	$11.60K	USD	Point-in-time
Federal and states taxes payable	`TaxesPayableCurrent`	$18.02K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Federal and states taxes payable	`TaxesPayableCurrent`	$35.53K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$75.00K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$85.00K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	24.14M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	24.14M	shares	Point-in-time
Royalty payable	`AccruedRoyaltiesCurrent`	-	USD	Point-in-time
Royalty payable	`AccruedRoyaltiesCurrent`	$247.85K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	24.14M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	24.14M	shares	Point-in-time
Notes payable	`DebtCurrent`	$9.70K	USD	Point-in-time
Notes payable	`DebtCurrent`	$9.70K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$384.60K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$193.80K	USD	Point-in-time
Notes payable	`OtherLiabilitiesNoncurrent`	$1.30K	USD	Point-in-time
Notes payable	`OtherLiabilitiesNoncurrent`	$9.31K	USD	Point-in-time
Total long-term liabilities	`LongTermDebtAndCapitalLeaseObligations`	$1.30K	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`	$385.90K	USD	Point-in-time
Series A redeemable convertible preferred stock; $0.0001 par value, 1,000,000 shares authorized; 19,500 shares issued and outstanding; 0 shares unissued as of August 31, 2015 (liquidation preference of $47,582). Stated at redemption value.	`PreferredStockValue1`	$115.83K	USD	Point-in-time
Series A redeemable convertible preferred stock; $0.0001 par value, 1,000,000 shares authorized; 19,500 shares issued and outstanding; 0 shares unissued as of August 31, 2015 (liquidation preference of $47,582). Stated at redemption value.	`PreferredStockValue1`	-	USD	Point-in-time
Series B redeemable convertible preferred stock; $0.0001 par value, 1,000,000 shares authorized; 61,500 shares issued and outstanding; 80,140 shares unissued as of August 31, 2015 (liquidation preference of $204,760). Stated at redemption value.	`PreferredStockSeriesB1`	$735.91K	USD	Point-in-time
Series B redeemable convertible preferred stock; $0.0001 par value, 1,000,000 shares authorized; 61,500 shares issued and outstanding; 80,140 shares unissued as of August 31, 2015 (liquidation preference of $204,760). Stated at redemption value.	`PreferredStockSeriesB1`	-	USD	Point-in-time
Convertible Preferred Stock Series A - 15%, $0.0001 par value, 1,000,000 shares authorized, 19,500 and 19,500 shares issued, respectively	`PreferredStockValue`	-	USD	Point-in-time
Convertible Preferred Stock Series A - 15%, $0.0001 par value, 1,000,000 shares authorized, 19,500 and 19,500 shares issued, respectively	`PreferredStockValue`	$2.00	USD	Point-in-time
Convertible Preferred Stock Series B - 15%, $0.0001 par value, 1,000,000 shares authorized, 61,500 and 10,000 shares issued, respectively	`PreferredStockSeriesB`	$1.00	USD	Point-in-time
Convertible Preferred Stock Series B - 15%, $0.0001 par value, 1,000,000 shares authorized, 61,500 and 10,000 shares issued, respectively	`PreferredStockSeriesB`	-	USD	Point-in-time
Common stock - $0.0001 par value, 100,000,000 shares authorized; 24,140,600 and 24,140,600 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 24,140,600 shares issued and outstanding, respectively	`CommonStockValueOutstanding`	$2.41K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.98M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.97M	USD	Point-in-time
Stock Payable	`StockPayable`	-	USD	Point-in-time
Stock Payable	`StockPayable`	$100.00K	USD	Point-in-time
Deficit accumulated	`RetainedEarningsAccumulatedDeficit`	$-3.65M	USD	Point-in-time
Deficit accumulated	`RetainedEarningsAccumulatedDeficit`	$-2.75M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-570.71K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$222.65K	USD	Point-in-time
TOTAL LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$425.76K	USD	Point-in-time
TOTAL LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$666.93K	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`SalesRevenueGoodsNet`	-	USD	3 Qtrs
REVENUES	`SalesRevenueGoodsNet`	-	USD	1 Quarter
REVENUES	`SalesRevenueGoodsNet`	$15.68K	USD	3 Qtrs
REVENUES	`SalesRevenueGoodsNet`	$5.12K	USD	1 Quarter
Cost of direct materials, shipping and labor	`CostOfGoodsSold`	-	USD	3 Qtrs
Cost of direct materials, shipping and labor	`CostOfGoodsSold`	$1.76K	USD	1 Quarter
Cost of direct materials, shipping and labor	`CostOfGoodsSold`	$6.40K	USD	3 Qtrs
Cost of direct materials, shipping and labor	`CostOfGoodsSold`	-	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$3.36K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	-	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$9.28K	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	-	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$-215.67K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$556.26K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$385.09K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$213.32K	USD	1 Quarter
Executive compensation	`CompensationOfficersDirectors`	$240.00K	USD	3 Qtrs
Executive compensation	`CompensationOfficersDirectors`	$80.00K	USD	1 Quarter
Executive compensation	`CompensationOfficersDirectors`	$92.50K	USD	1 Quarter
Executive compensation	`CompensationOfficersDirectors`	$247.50K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$49.98K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$31.24K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$170.09K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$28.02K	USD	1 Quarter
Depreciation	`Depreciation`	$20.48K	USD	3 Qtrs
Depreciation	`Depreciation`	$6.84K	USD	1 Quarter
Depreciation	`Depreciation`	$7.00K	USD	1 Quarter
Depreciation	`Depreciation`	$20.45K	USD	3 Qtrs
TOTAL OPERATING EXPENSES	`CostsAndExpenses`	$815.67K	USD	3 Qtrs
TOTAL OPERATING EXPENSES	`CostsAndExpenses`	$874.20K	USD	3 Qtrs
TOTAL OPERATING EXPENSES	`CostsAndExpenses`	$340.84K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`CostsAndExpenses`	$-97.59K	USD	1 Quarter
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-815.67K	USD	3 Qtrs
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-337.48K	USD	1 Quarter
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$97.59K	USD	1 Quarter
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-864.91K	USD	3 Qtrs
Foregiveness of Debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	3 Qtrs
Foregiveness of Debt	`GainsLossesOnExtinguishmentOfDebt`	$5.00K	USD	3 Qtrs
Foregiveness of Debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Foregiveness of Debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain from foreign currency transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$11.92K	USD	1 Quarter
Gain from foreign currency transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	-	USD	1 Quarter
Gain from foreign currency transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$14.64K	USD	3 Qtrs
Gain from foreign currency transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	-	USD	3 Qtrs
Other income	`OtherIncome`	-	USD	1 Quarter
Other income	`OtherIncome`	-	USD	3 Qtrs
Other income	`OtherIncome`	$374.00	USD	1 Quarter
Other income	`OtherIncome`	$1.06K	USD	3 Qtrs
Interest expense	`InterestExpense`	$3.80K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.59K	USD	1 Quarter
Interest expense	`InterestExpense`	$4.27K	USD	3 Qtrs
Interest expense	`InterestExpense`	$7.85K	USD	3 Qtrs
TOTAL OTHER INCOME (EXPENSES)	`OtherNonoperatingIncome`	$-3.42K	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSES)	`OtherNonoperatingIncome`	$-1.79K	USD	3 Qtrs
TOTAL OTHER INCOME (EXPENSES)	`OtherNonoperatingIncome`	$10.37K	USD	3 Qtrs
TOTAL OTHER INCOME (EXPENSES)	`OtherNonoperatingIncome`	$10.33K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-817.46K	USD	3 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$-854.54K	USD	3 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$94.16K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-327.15K	USD	1 Quarter
DIVIDEND OF REDEEMABLE PREFERRED STOCK	`RedeemablePreferredStockDividends`	-	USD	1 Quarter
DIVIDEND OF REDEEMABLE PREFERRED STOCK	`RedeemablePreferredStockDividends`	$20.40K	USD	1 Quarter
DIVIDEND OF REDEEMABLE PREFERRED STOCK	`RedeemablePreferredStockDividends`	$38.05K	USD	3 Qtrs
DIVIDEND OF REDEEMABLE PREFERRED STOCK	`RedeemablePreferredStockDividends`	-	USD	3 Qtrs
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-817.46K	USD	3 Qtrs
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-347.55K	USD	1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$94.16K	USD	1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-892.60K	USD	3 Qtrs
NET LOSS PER SHARE: BASIC	`EarningsPerShareBasic`	$-0.04	USD	3 Qtrs
NET LOSS PER SHARE: BASIC	`EarningsPerShareBasic`	-	USD	1 Quarter
NET LOSS PER SHARE: BASIC	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
NET LOSS PER SHARE: BASIC	`EarningsPerShareBasic`	$-0.03	USD	3 Qtrs
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	24.14M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	23.43M	shares	3 Qtrs
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	23.43M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	24.14M	shares	3 Qtrs

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`NetIncomeLoss`	$-817.46K	USD	3 Qtrs
Net loss for the period	`NetIncomeLoss`	$-854.54K	USD	3 Qtrs
Net loss for the period	`NetIncomeLoss`	$94.16K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-327.15K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$20.48K	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$20.45K	USD	3 Qtrs
Stock-based compensation to officers	`StockbasedCompensationToOfficers`	$150.00K	USD	3 Qtrs
Stock-based compensation to officers	`StockbasedCompensationToOfficers`	$150.00K	USD	3 Qtrs
Forgiveness of debt	`ForgivenessOfDebt`	-	USD	3 Qtrs
Forgiveness of debt	`ForgivenessOfDebt`	$5.00K	USD	3 Qtrs
Decrease (Increase) in pre-paid expenses	`IncreaseDecreaseInPrepaidExpense`	$1.25K	USD	3 Qtrs
Decrease (Increase) in pre-paid expenses	`IncreaseDecreaseInPrepaidExpense`	$-27.15K	USD	3 Qtrs
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$250.00	USD	3 Qtrs
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	3 Qtrs
Increase in inventory	`IncreaseDecreaseInInventories`	$220.54K	USD	3 Qtrs
Increase in inventory	`IncreaseDecreaseInInventories`	-	USD	3 Qtrs
Decrease (Increase) in accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$1.30K	USD	3 Qtrs
Decrease (Increase) in accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-64.36K	USD	3 Qtrs
Advances from Officer	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	-	USD	3 Qtrs
Advances from Officer	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$640.00	USD	3 Qtrs
Decrease in accrued interest	`IncreaseDecreaseInFinanceReceivables`	-	USD	3 Qtrs
Decrease in accrued interest	`IncreaseDecreaseInFinanceReceivables`	$191.00	USD	3 Qtrs
Increase in federal and state taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$17.50K	USD	3 Qtrs
Increase in federal and state taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	-	USD	3 Qtrs
Increase in royalty payable	`IncreaseDecreaseInRoyaltiesPayable`	$247.85K	USD	3 Qtrs
Increase in royalty payable	`IncreaseDecreaseInRoyaltiesPayable`	-	USD	3 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-705.33K	USD	3 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-622.89K	USD	3 Qtrs
Acquisition of property and equipment	`PaymentsToAcquireProductiveAssets`	$5.07K	USD	3 Qtrs
Acquisition of property and equipment	`PaymentsToAcquireProductiveAssets`	$2.69K	USD	3 Qtrs
Cash Flows Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-5.07K	USD	3 Qtrs
Cash Flows Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.69K	USD	3 Qtrs
Proceeds from issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$100.00K	USD	3 Qtrs
Proceeds from issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$651.14K	USD	3 Qtrs
Proceeds from issuance of preferred stock, net of issuance costs	`ProceedsFromIssuanceOfConvertiblePreferredStock`	-	USD	3 Qtrs
Proceeds from issuance of preferred stock, net of issuance costs	`ProceedsFromIssuanceOfConvertiblePreferredStock`	$662.92K	USD	3 Qtrs
Proceeds from related party debt	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	3 Qtrs
Proceeds from related party debt	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$85.00K	USD	3 Qtrs
Payments to related party debt	`RepaymentsOfRelatedPartyDebt`	$10.00K	USD	3 Qtrs
Payments to related party debt	`RepaymentsOfRelatedPartyDebt`	-	USD	3 Qtrs
Payments on notes payable - auto loan (principal)	`ProceedsFromRepaymentsOfSecuredDebt`	$-7.39K	USD	3 Qtrs
Payments on notes payable - auto loan (principal)	`ProceedsFromRepaymentsOfSecuredDebt`	$-8.01K	USD	3 Qtrs
Cash Flows Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$728.75K	USD	3 Qtrs
Cash Flows Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$744.91K	USD	3 Qtrs
Net increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$36.89K	USD	3 Qtrs
Net increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$100.80K	USD	3 Qtrs
Cash and cash equivalents, beginning of the period	`Cash`	$358.30K	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`Cash`	$363.58K	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`Cash`	$459.09K	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`Cash`	$326.68K	USD	Point-in-time
Cash and cash equivalents, end of the period	`Cash`	$358.30K	USD	Point-in-time
Cash and cash equivalents, end of the period	`Cash`	$363.58K	USD	Point-in-time
Cash and cash equivalents, end of the period	`Cash`	$459.09K	USD	Point-in-time
Cash and cash equivalents, end of the period	`Cash`	$326.68K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	$3.60K	USD	3 Qtrs
Dividend of redeemable preferred stock	`Dividends`	-	USD	3 Qtrs
Dividend of redeemable preferred stock	`Dividends`	$38.05K	USD	3 Qtrs

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