10-K Filing

EXEO ENTERTAINMENT, INC. CIK: 1528760 FY 2015

Filing Information

Form Type	10-K
Accession Number	`0001199835-16-000645`
Period End Date	20151130
Filing Date	20160303
Fiscal Year	2015
Fiscal Period	FY
XBRL Instance	exeo-20151130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 38 Cash Flow Statement 52 Stockholders Equity 18

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$326.68K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$427.66K	USD	Point-in-time
Inventory	`InventoryNet`	$231.61K	USD	Point-in-time
Inventory	`InventoryNet`	$14.96K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseAndOtherAssets`	$1.84K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseAndOtherAssets`	-	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$110.00	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$341.75K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$661.11K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$81.96K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$92.95K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$754.07K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$423.71K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableCurrent`	$20.33K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableCurrent`	$38.51K	USD	Point-in-time
Accrued interest payable - related party	`InterestPayableCurrent`	$9.55K	USD	Point-in-time
Accrued interest payable - related party	`InterestPayableCurrent`	$4.85K	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
Payroll liabilities	`EmployeeRelatedLiabilitiesCurrent`	$66.19K	USD	Point-in-time
Payroll liabilities	`EmployeeRelatedLiabilitiesCurrent`	$88.90K	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, authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Royalty payable	`RoyaltyPayable`	$273.71K	USD	Point-in-time
Royalty payable	`RoyaltyPayable`	$34.15K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	24.14M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	24.26M	shares	Point-in-time
Notes payable	`DebtCurrent`	$10.10K	USD	Point-in-time
Notes payable	`DebtCurrent`	$9.70K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$238.41K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$477.59K	USD	Point-in-time
Note payable	`OtherLiabilitiesNoncurrent`	$9.31K	USD	Point-in-time
Note payable	`OtherLiabilitiesNoncurrent`	$41.86K	USD	Point-in-time
Total long-term liabilities	`LongTermDebtAndCapitalLeaseObligations`	$9.31K	USD	Point-in-time
Total long-term liabilities	`LongTermDebtAndCapitalLeaseObligations`	$41.86K	USD	Point-in-time
Total Liabilities	`Liabilities`	$519.46K	USD	Point-in-time
Total Liabilities	`Liabilities`	$247.71K	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 November 30, 2015 (liquidation preference of $51,238). Stated at redemption value.	`ConvertiblePreferredStockNonredeemableOrRedeemableIssuerOptionValue`	$108.47K	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 November 30, 2015 (liquidation preference of $51,238). Stated at redemption value.	`ConvertiblePreferredStockNonredeemableOrRedeemableIssuerOptionValue`	$119.49K	USD	Point-in-time
Series B redeemable convertible preferred stock; $0.0001 par value, 1,000,000 shares authorized; 201,640 shares issued and outstanding; 5,000 shares unissued as of November 30, 2015 (liquidation preference of $316,131). Stated at redemption value.	`SeriesBConvertiblePreferredStockNonredeemableOrRedeemableIssuerOptionValue`	$1.09M	USD	Point-in-time
Series B redeemable convertible preferred stock; $0.0001 par value, 1,000,000 shares authorized; 201,640 shares issued and outstanding; 5,000 shares unissued as of November 30, 2015 (liquidation preference of $316,131). Stated at redemption value.	`SeriesBConvertiblePreferredStockNonredeemableOrRedeemableIssuerOptionValue`	$50.62K	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`	-	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
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; 24,255,231 shares issued and outstanding, respectively	`CommonStockValueOutstanding`	$2.42K	USD	Point-in-time
Common stock - $0.0001 par value, 100,000,000 shares authorized; 24,255,231 shares issued and outstanding, respectively	`CommonStockValueOutstanding`	$2.41K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.84M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$3.14M	USD	Point-in-time
Stock payable	`PreferredStockRedemptionAmount`	-	USD	Point-in-time
Stock payable	`PreferredStockRedemptionAmount`	$100.00K	USD	Point-in-time
Deficit accumulated	`RetainedEarningsAccumulatedDeficit`	$-2.82M	USD	Point-in-time
Deficit accumulated	`RetainedEarningsAccumulatedDeficit`	$-4.21M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-972.78K	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$16.91K	USD	Point-in-time
TOTAL LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$754.07K	USD	Point-in-time
TOTAL LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$423.71K	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`SalesRevenueGoodsNet`	$3.64K	USD	Annual
REVENUES	`SalesRevenueGoodsNet`	$27.25K	USD	Annual
Cost of direct materials, shipping and labor	`CostOfGoodsSold`	$-11.05K	USD	Annual
Cost of direct materials, shipping and labor	`CostOfGoodsSold`	$-1.57K	USD	Annual
GROSS PROFIT	`GrossProfit`	$2.06K	USD	Annual
GROSS PROFIT	`GrossProfit`	$16.19K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$793.53K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$595.87K	USD	Annual
Executive compensation	`CompensationOfficersDirectors`	$343.11K	USD	Annual
Executive compensation	`CompensationOfficersDirectors`	$353.43K	USD	Annual
Professional fees	`ProfessionalFees`	$182.20K	USD	Annual
Professional fees	`ProfessionalFees`	$173.95K	USD	Annual
Depreciation	`Depreciation`	$29.12K	USD	Annual
Depreciation	`Depreciation`	$29.71K	USD	Annual
TOTAL OPERATING INCOME (EXPENSES)	`CostsAndExpenses`	$1.34M	USD	Annual
TOTAL OPERATING INCOME (EXPENSES)	`CostsAndExpenses`	$1.16M	USD	Annual
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-1.32M	USD	Annual
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-1.16M	USD	Annual
Gain (loss) from foreign currency transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$22.03K	USD	Annual
Gain (loss) from foreign currency transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$-1.76K	USD	Annual
Other loss	`OtherNonoperatingGainsLosses`	-	USD	Annual
Other loss	`OtherNonoperatingGainsLosses`	$-9.69K	USD	Annual
Interest expense - related party	`InterestExpenseRelatedParty`	$4.70K	USD	Annual
Interest expense - related party	`InterestExpenseRelatedParty`	$4.85K	USD	Annual
Interest expense	`InterestExpense`	$899.00	USD	Annual
Interest expense	`InterestExpense`	$968.00	USD	Annual
TOTAL OTHER INCOME (EXPENSES)	`OtherNonoperatingIncomeExpense`	$6.67K	USD	Annual
TOTAL OTHER INCOME (EXPENSES)	`OtherNonoperatingIncomeExpense`	$-7.51K	USD	Annual
NET INCOME (LOSS)	`NetIncomeLoss`	$-1.17M	USD	Annual
NET INCOME (LOSS)	`NetIncomeLoss`	$-1.32M	USD	Annual
DIVIDEND OF REDEEMABLE PREFERRED STOCK	`RedeemablePreferredStockDividends`	$68.61K	USD	Annual
DIVIDEND OF REDEEMABLE PREFERRED STOCK	`RedeemablePreferredStockDividends`	$11.59K	USD	Annual
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.39M	USD	Annual
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.18M	USD	Annual
NET INCOME (LOSS) PER SHARE: BASIC	`EarningsPerShareBasic`	$-0.05	USD	Annual
NET INCOME (LOSS) PER SHARE: BASIC	`EarningsPerShareBasic`	$-0.05	USD	Annual
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	24.15M	shares	Annual
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	23.71M	shares	Annual

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.17M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.32M	USD	Annual
Depreciation	`DepreciationDepletionAndAmortization`	$29.12K	USD	Annual
Depreciation	`DepreciationDepletionAndAmortization`	$29.71K	USD	Annual
Stock-based compensation to officers	`ShareBasedCompensation`	$200.00K	USD	Annual
Stock-based compensation to officers	`ShareBasedCompensation`	$200.00K	USD	Annual
Shares issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$-91.70K	USD	Annual
Shares issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	-	USD	Annual
Decrease (Increase) in pre-paid expenses	`IncreaseDecreaseInPrepaidExpense`	$1.84K	USD	Annual
Decrease (Increase) in pre-paid expenses	`IncreaseDecreaseInPrepaidExpense`	$-44.15K	USD	Annual
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$110.00	USD	Annual
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-110.00	USD	Annual
Decrease (Increase) in inventory	`IncreaseDecreaseInInventories`	$14.96K	USD	Annual
Decrease (Increase) in inventory	`IncreaseDecreaseInInventories`	$216.65K	USD	Annual
Decrease (Increase) in accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-8.97K	USD	Annual
Decrease (Increase) in accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-18.18K	USD	Annual
Decrease in accrued interest - related party	`IncreaseDecreaseInNotesPayableRelatedParties`	$4.85K	USD	Annual
Decrease in accrued interest - related party	`IncreaseDecreaseInNotesPayableRelatedParties`	$4.70K	USD	Annual
Increase in payroll liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$22.71K	USD	Annual
Increase in payroll liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$66.19K	USD	Annual
Increase in royalty payable	`IncreaseDecreaseInRoyaltiesPayable`	$34.15K	USD	Annual
Increase in royalty payable	`IncreaseDecreaseInRoyaltiesPayable`	$239.56K	USD	Annual
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-811.64K	USD	Annual
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-965.61K	USD	Annual
Acquisition of property and equipment	`PaymentsToAcquireProductiveAssets`	$5.52K	USD	Annual
Acquisition of property and equipment	`PaymentsToAcquireProductiveAssets`	$40.70K	USD	Annual
Cash Flows Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-40.70K	USD	Annual
Cash Flows Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-5.52K	USD	Annual
Proceeds from issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$562.92K	USD	Annual
Proceeds from issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$104.65K	USD	Annual
Proceeds from issuance of preferred stock, net of issuance costs	`ProceedsFromIssuanceOfConvertiblePreferredStock`	$979.69K	USD	Annual
Proceeds from issuance of preferred stock, net of issuance costs	`ProceedsFromIssuanceOfConvertiblePreferredStock`	$147.50K	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`	$10.00K	USD	Annual
Payments on related party debt	`RepaymentsOfRelatedPartyDebt`	-	USD	Annual
Payments on notes payable - auto loan (principal)	`ProceedsFromRepaymentsOfSecuredDebt`	$32.96K	USD	Annual
Payments on notes payable - auto loan (principal)	`ProceedsFromRepaymentsOfSecuredDebt`	$-9.88K	USD	Annual
Cash Flows Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$785.54K	USD	Annual
Cash Flows Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.11M	USD	Annual
Net increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-31.62K	USD	Annual
Net increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$100.98K	USD	Annual
Cash and cash equivalents, beginning of the year	`Cash`	$326.68K	USD	Point-in-time
Cash and cash equivalents, beginning of the year	`Cash`	$427.66K	USD	Point-in-time
Cash and cash equivalents, beginning 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`	$427.66K	USD	Point-in-time
Cash and cash equivalents, end of the year	`Cash`	$358.30K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	Annual
Cash paid for interest	`InterestPaid`	$3.61K	USD	Annual
Dividend of redeemable preferred stock	`RedeemablePreferredStockDividends`	$68.61K	USD	Annual
Dividend of redeemable preferred stock	`RedeemablePreferredStockDividends`	$11.59K	USD	Annual

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, amount	`StockholdersEquity`	$-972.78K	USD	Point-in-time
Beginning Balance, amount	`StockholdersEquity`	$431.64K	USD	Point-in-time
Beginning Balance, amount	`StockholdersEquity`	$16.91K	USD	Point-in-time
Shares issued for cash, amount	`SharesIssuedForCashAmount`	$566.00K	USD	Annual
Shares issued for services, amount	`StockIssuedDuringPeriodValueIssuedForServices`	$-91.70K	USD	Annual
Shares issued for services, amount	`StockIssuedDuringPeriodValueIssuedForServices`	-	USD	Annual
Shares issued for services, shares	`StockIssuedDuringPeriodSharesIssuedForServices`	91,705.00	shares	Annual
Contributed capital	`ProceedsFromContributedCapital`	$8.05K	USD	Annual
Cash received for sale of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	$100.00K	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`	$-3.08K	USD	Annual
Equity issuance costs	`PaymentsOfStockIssuanceCosts`	$-3.40K	USD	Annual
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.39M	USD	Annual
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.18M	USD	Annual
Ending Balance, amount	`StockholdersEquity`	$-972.78K	USD	Point-in-time
Ending Balance, amount	`StockholdersEquity`	$431.64K	USD	Point-in-time
Ending Balance, amount	`StockholdersEquity`	$16.91K	USD	Point-in-time

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