10-Q Filing

EXEO ENTERTAINMENT, INC. CIK: 1528760 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001199835-16-000715`
Period End Date	20160229
Filing Date	20160405
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	exeo-20160229.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 87 Income Statement 39 Cash Flow Statement 40

Balance Sheet 87 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$154.22K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$323.41K	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`	$226.79K	USD	Point-in-time
Inventory	`InventoryNet`	$144.74K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseAndOtherAssets`	$7.87K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseAndOtherAssets`	$9.29K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseAndOtherAssets`	$1.84K	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$110.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$661.11K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$306.94K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$559.50K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$74.50K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$85.02K	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`	$644.51K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$381.44K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableCurrent`	$27.40K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableCurrent`	$25.09K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableCurrent`	$20.33K	USD	Point-in-time
Accrued interest payable - related party	`InterestPayableCurrent`	$10.69K	USD	Point-in-time
Accrued interest payable - related party	`InterestPayableCurrent`	$9.55K	USD	Point-in-time
Accrued interest payable - related party	`InterestPayableCurrent`	$6.13K	USD	Point-in-time
Payroll liabilities	`EmployeeRelatedLiabilitiesCurrent`	$71.16K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Payroll liabilities	`EmployeeRelatedLiabilitiesCurrent`	$88.90K	USD	Point-in-time
Payroll liabilities	`EmployeeRelatedLiabilitiesCurrent`	$95.11K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$75.00K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$85.00K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$75.00K	USD	Point-in-time
Royalty payable	`AccruedRoyaltiesCurrent`	$273.71K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	24.26M	shares	Point-in-time
Royalty payable	`AccruedRoyaltiesCurrent`	$344.18K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	24.26M	shares	Point-in-time
Royalty payable	`AccruedRoyaltiesCurrent`	$104.40K	USD	Point-in-time
Notes payable	`DebtCurrent`	$10.10K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	24.26M	shares	Point-in-time
Notes payable	`DebtCurrent`	$10.10K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	24.26M	shares	Point-in-time
Notes payable	`DebtCurrent`	$9.70K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$301.48K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$562.48K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$477.59K	USD	Point-in-time
Notes payable	`OtherLiabilitiesNoncurrent`	$7.64K	USD	Point-in-time
Notes payable	`OtherLiabilitiesNoncurrent`	$39.16K	USD	Point-in-time
Notes payable	`OtherLiabilitiesNoncurrent`	$41.86K	USD	Point-in-time
Total long-term liabilities	`LongTermDebtAndCapitalLeaseObligations`	$39.16K	USD	Point-in-time
Total long-term liabilities	`LongTermDebtAndCapitalLeaseObligations`	$41.86K	USD	Point-in-time
Total long-term liabilities	`LongTermDebtAndCapitalLeaseObligations`	$7.64K	USD	Point-in-time
Total Liabilities	`Liabilities`	$519.46K	USD	Point-in-time
Total Liabilities	`Liabilities`	$309.12K	USD	Point-in-time
Total Liabilities	`Liabilities`	$601.64K	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 February 29, 2016 (liquidation preference of $54,894). Stated at redemption value.	`PreferredStockValue1`	$123.14K	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 February 29, 2016 (liquidation preference of $54,894). Stated at redemption value.	`PreferredStockValue1`	$112.12K	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 February 29, 2016 (liquidation preference of $54,894). Stated at redemption value.	`PreferredStockValue1`	$119.49K	USD	Point-in-time
Series B redeemable convertible preferred stock; $0.0001 par value, 1,000,000 shares authorized; 225,390 shares issued and outstanding; 2,500 shares unissued as of February 29, 2016 (liquidation preference of $375,564). Stated at redemption value.	`PreferredStockSeriesB1`	$1.09M	USD	Point-in-time
Series B redeemable convertible preferred stock; $0.0001 par value, 1,000,000 shares authorized; 225,390 shares issued and outstanding; 2,500 shares unissued as of February 29, 2016 (liquidation preference of $375,564). Stated at redemption value.	`PreferredStockSeriesB1`	$153.62K	USD	Point-in-time
Series B redeemable convertible preferred stock; $0.0001 par value, 1,000,000 shares authorized; 225,390 shares issued and outstanding; 2,500 shares unissued as of February 29, 2016 (liquidation preference of $375,564). Stated at redemption value.	`PreferredStockSeriesB1`	$1.24M	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 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 - 12%, $0.0001 par value, 1,000,000 shares authorized, 225,390 and 2,500 shares issued, respectively	`PreferredStockSeriesB`	-	USD	Point-in-time
Convertible Preferred Stock Series B - 12%, $0.0001 par value, 1,000,000 shares authorized, 225,390 and 2,500 shares issued, respectively	`PreferredStockSeriesB`	-	USD	Point-in-time
Convertible Preferred Stock Series B - 12%, $0.0001 par value, 1,000,000 shares authorized, 225,390 and 2,500 shares issued, respectively	`PreferredStockSeriesB`	-	USD	Point-in-time
Common stock - $0.0001 par value, 100,000,000 shares authorized; 24,255,231 and 24,255,231 shares issued and outstanding, respectively	`CommonStockValueOutstanding`	$2.41K	USD	Point-in-time
Common stock - $0.0001 par value, 100,000,000 shares authorized; 24,255,231 and 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 and 24,255,231 shares issued and outstanding, respectively	`CommonStockValueOutstanding`	$2.42K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.89M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$3.19M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$3.14M	USD	Point-in-time
Stock Payable	`StockPayable`	$100.00K	USD	Point-in-time
Stock Payable	`StockPayable`	$100.00K	USD	Point-in-time
Stock Payable	`StockPayable`	-	USD	Point-in-time
Deficit accumulated	`RetainedEarningsAccumulatedDeficit`	$-4.61M	USD	Point-in-time
Deficit accumulated	`RetainedEarningsAccumulatedDeficit`	$-4.21M	USD	Point-in-time
Deficit accumulated	`RetainedEarningsAccumulatedDeficit`	$-3.08M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-972.78K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-193.43K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.32M	USD	Point-in-time
TOTAL LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$381.44K	USD	Point-in-time
TOTAL LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$754.07K	USD	Point-in-time
TOTAL LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$644.51K	USD	Point-in-time

Income Statement 39 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`SalesRevenueGoodsNet`	$12.55K	USD	1 Quarter
REVENUES	`SalesRevenueGoodsNet`	$5.79K	USD	1 Quarter
Cost of direct materials, shipping and labor	`CostOfGoodsSold`	$4.88K	USD	1 Quarter
Cost of direct materials, shipping and labor	`CostOfGoodsSold`	$2.89K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$7.67K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$2.90K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$225.46K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$150.44K	USD	1 Quarter
Executive compensation	`CompensationOfficersDirectors`	$82.49K	USD	1 Quarter
Executive compensation	`CompensationOfficersDirectors`	$90.61K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$44.64K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$16.13K	USD	1 Quarter
Depreciation	`Depreciation`	$7.94K	USD	1 Quarter
Depreciation	`Depreciation`	$7.46K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`CostsAndExpenses`	$256.52K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`CostsAndExpenses`	$368.64K	USD	1 Quarter
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-253.62K	USD	1 Quarter
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-360.97K	USD	1 Quarter
Foregiveness of Debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain from foreign currency transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$1.50K	USD	1 Quarter
Gain from foreign currency transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$1.67K	USD	1 Quarter
Other income	`OtherIncome`	$312.00	USD	1 Quarter
Other income	`OtherIncome`	-	USD	1 Quarter
Interest expense - related party	`InterestExpenseRelatedParty`	$1.13K	USD	1 Quarter
Interest expense - related party	`InterestExpenseRelatedParty`	$1.27K	USD	1 Quarter
Interest expense	`InterestExpense`	$225.00	USD	1 Quarter
Interest expense	`InterestExpense`	$60.00	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSES)	`OtherNonoperatingIncome`	$338.00	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSES)	`OtherNonoperatingIncome`	$456.00	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-253.28K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-360.51K	USD	1 Quarter
DIVIDEND OF REDEEMABLE PREFERRED STOCK	`RedeemablePreferredStockDividends`	$6.66K	USD	1 Quarter
DIVIDEND OF REDEEMABLE PREFERRED STOCK	`RedeemablePreferredStockDividends`	$36.53K	USD	1 Quarter
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-397.04K	USD	1 Quarter
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-259.94K	USD	1 Quarter
NET LOSS PER SHARE: BASIC	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
NET LOSS PER SHARE: BASIC	`EarningsPerShareBasic`	$-0.02	USD	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	24.26M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	23.43M	shares	1 Quarter

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`NetIncomeLoss`	$-253.28K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-360.51K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$7.94K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$7.46K	USD	1 Quarter
Stock-based compensation to officers	`StockbasedCompensationToOfficers`	$50.00K	USD	1 Quarter
Stock-based compensation to officers	`StockbasedCompensationToOfficers`	$50.00K	USD	1 Quarter
Decrease (Increase) in pre-paid expenses	`IncreaseDecreaseInPrepaidExpense`	$7.45K	USD	1 Quarter
Decrease (Increase) in pre-paid expenses	`IncreaseDecreaseInPrepaidExpense`	$7.87K	USD	1 Quarter
Decrease (Increase) in inventory	`IncreaseDecreaseInInventories`	$129.79K	USD	1 Quarter
Decrease (Increase) in inventory	`IncreaseDecreaseInInventories`	$-4.82K	USD	1 Quarter
Decrease (Increase) in accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-13.43K	USD	1 Quarter
Decrease (Increase) in accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$7.08K	USD	1 Quarter
Decrease in accrued interest - related party	`IncreaseDecreaseInFinanceReceivables`	$-1.13K	USD	1 Quarter
Decrease in accrued interest - related party	`IncreaseDecreaseInFinanceReceivables`	$-1.27K	USD	1 Quarter
Increase in payroll liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$4.97K	USD	1 Quarter
Increase in payroll liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$6.21K	USD	1 Quarter
Increase in royalty payable	`IncreaseDecreaseInRoyaltiesPayable`	$70.47K	USD	1 Quarter
Increase in royalty payable	`IncreaseDecreaseInRoyaltiesPayable`	$70.25K	USD	1 Quarter
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-220.32K	USD	1 Quarter
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-270.41K	USD	1 Quarter
Proceeds from issuance of preferred stock, net of issuance costs	`ProceedsFromIssuanceOfConvertiblePreferredStock`	$118.78K	USD	1 Quarter
Proceeds from issuance of preferred stock, net of issuance costs	`ProceedsFromIssuanceOfConvertiblePreferredStock`	$99.61K	USD	1 Quarter
Payments on notes payable - auto loan (principal)	`ProceedsFromRepaymentsOfSecuredDebt`	$-2.71K	USD	1 Quarter
Payments on notes payable - auto loan (principal)	`ProceedsFromRepaymentsOfSecuredDebt`	$-1.67K	USD	1 Quarter
Cash Flows Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$97.94K	USD	1 Quarter
Cash Flows Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$116.07K	USD	1 Quarter
Net increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-172.47K	USD	1 Quarter
Net increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-104.25K	USD	1 Quarter
Cash and cash equivalents, beginning of the period	`Cash`	$427.66K	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`Cash`	$323.41K	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`Cash`	$326.68K	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`Cash`	$154.22K	USD	Point-in-time
Cash and cash equivalents, end of the period	`Cash`	$427.66K	USD	Point-in-time
Cash and cash equivalents, end of the period	`Cash`	$323.41K	USD	Point-in-time
Cash and cash equivalents, end of the period	`Cash`	$326.68K	USD	Point-in-time
Cash and cash equivalents, end of the period	`Cash`	$154.22K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Dividend of redeemable preferred stock	`Dividends`	$36.53K	USD	1 Quarter
Dividend of redeemable preferred stock	`Dividends`	$6.66K	USD	1 Quarter

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