10-K/A Filing

EXEO ENTERTAINMENT, INC. CIK: 1528760 FY 2019

Filing Information

Form Type	10-K/A
Accession Number	`0001199835-20-000030`
Period End Date	20191130
Filing Date	20200317
Fiscal Year	2019
Fiscal Period	FY
XBRL Instance	exeo-20191130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 65 Income Statement 36 Cash Flow Statement 50 Stockholders Equity 17

Balance Sheet 65 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$96.92K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$139.53K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$104.48K	USD	Point-in-time
Inventory	`InventoryNet`	$39.46K	USD	Point-in-time
Inventory	`InventoryNet`	$284.50K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseAndOtherAssets`	$138.85K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseAndOtherAssets`	$51.48K	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
Accounts receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$186.00	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$432.90K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$282.98K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	29.05M	shares	Point-in-time
Right of use assets	`OperatingLeaseRightOfUseAsset`	$122.72K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	26.70M	shares	Point-in-time
Right of use assets	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	29.05M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$28.58K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$44.53K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	26.70M	shares	Point-in-time
Total assets	`Assets`	$600.15K	USD	Point-in-time
Total assets	`Assets`	$311.55K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableCurrent`	$81.13K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableCurrent`	$44.11K	USD	Point-in-time
Accrued interest payable - related party	`InterestPayableCurrent`	$23.44K	USD	Point-in-time
Accrued interest payable - related party	`InterestPayableCurrent`	$28.08K	USD	Point-in-time
Payroll liabilities	`EmployeeRelatedLiabilitiesCurrent`	$161.84K	USD	Point-in-time
Payroll liabilities	`EmployeeRelatedLiabilitiesCurrent`	$184.95K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$75.00K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$75.00K	USD	Point-in-time
Royalty payable	`RoyaltyPayable`	$1.13M	USD	Point-in-time
Royalty payable	`RoyaltyPayable`	$1.43M	USD	Point-in-time
Notes payable	`DebtCurrent`	$9.31K	USD	Point-in-time
Notes payable	`DebtCurrent`	$9.31K	USD	Point-in-time
Operating lease liabilities - current portion	`OperatingLeaseLiabilityCurrent`	$103.44K	USD	Point-in-time
Operating lease liabilities - current portion	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.91M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.44M	USD	Point-in-time
Notes payable	`LongTermNotesPayable`	$936.00	USD	Point-in-time
Notes payable	`LongTermNotesPayable`	$10.85K	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$17.08K	USD	Point-in-time
Total long-term liabilities	`LongTermDebtAndCapitalLeaseObligations`	$10.85K	USD	Point-in-time
Total long-term liabilities	`LongTermDebtAndCapitalLeaseObligations`	$18.02K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.93M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.45M	USD	Point-in-time
Commitments and Contingencies - Note J	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies - Note J	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock - $0.0001 par value, 100,000,000 shares authorized; 29,054,235 and 26,697,109 shares issued and outstanding, respectively	`CommonStockValueOutstanding`	$2.67K	USD	Point-in-time
Common stock - $0.0001 par value, 100,000,000 shares authorized; 29,054,235 and 26,697,109 shares issued and outstanding, respectively	`CommonStockValueOutstanding`	$2.90K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$5.14M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$6.72M	USD	Point-in-time
Treasury stock, Series B Preferred Stock - 2,500 shares	`TreasuryStockValue`	$12.50K	USD	Point-in-time
Treasury stock, Series B Preferred Stock - 2,500 shares	`TreasuryStockValue`	$12.50K	USD	Point-in-time
Stock payable	`PreferredStockRedemptionAmount`	$426.00K	USD	Point-in-time
Stock payable	`PreferredStockRedemptionAmount`	$22.50K	USD	Point-in-time
Deficit accumulated	`RetainedEarningsAccumulatedDeficit`	$-10.12M	USD	Point-in-time
Deficit accumulated	`RetainedEarningsAccumulatedDeficit`	$-8.58M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.38M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.03M	USD	Point-in-time
Total liabilities, redeemable convertible preferred stock and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$311.55K	USD	Point-in-time
Total liabilities, redeemable convertible preferred stock and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$600.15K	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$5.32K	USD	Annual
Revenues	`Revenues`	$139.45K	USD	Annual
Cost of direct materials, shipping and labor	`CostOfRevenue`	$209.27K	USD	Annual
Cost of direct materials, shipping and labor	`CostOfRevenue`	$8.19K	USD	Annual
Gross loss	`GrossProfit`	$-2.87K	USD	Annual
Gross loss	`GrossProfit`	$-69.82K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$1.06M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$740.56K	USD	Annual
Executive compensation	`CompensationOfficersDirectors`	$161.56K	USD	Annual
Executive compensation	`CompensationOfficersDirectors`	$161.62K	USD	Annual
Professional fees	`ProfessionalFees`	$160.23K	USD	Annual
Professional fees	`ProfessionalFees`	$61.08K	USD	Annual
Depreciation	`Depreciation`	$13.72K	USD	Annual
Depreciation	`Depreciation`	$23.82K	USD	Annual
Total operating expenses	`CostsAndExpenses`	$1.08M	USD	Annual
Total operating expenses	`CostsAndExpenses`	$1.30M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-1.08M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-1.37M	USD	Annual
Gain/loss from foreign currency transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$38.76K	USD	Annual
Gain/loss from foreign currency transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$-1.25K	USD	Annual
Interest expense - related party	`InterestExpenseRelatedParty`	$4.65K	USD	Annual
Interest expense - related party	`InterestExpenseRelatedParty`	$4.65K	USD	Annual
Interest expense	`InterestExpense`	$477.00	USD	Annual
Interest expense	`InterestExpense`	$760.00	USD	Annual
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-6.38K	USD	Annual
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$33.35K	USD	Annual
Net loss	`NetIncomeLoss`	$-1.38M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.05M	USD	Annual
Dividend on redeemable preferred stock	`RedeemablePreferredStockDividends`	$162.89K	USD	Annual
Dividend on redeemable preferred stock	`RedeemablePreferredStockDividends`	$162.64K	USD	Annual
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.54M	USD	Annual
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.21M	USD	Annual
Net loss per share: basic	`EarningsPerShareBasic`	$-0.05	USD	Annual
Net loss per share: basic	`EarningsPerShareBasic`	$-0.05	USD	Annual
Weighted average number of shares outstanding: basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.40M	shares	Annual
Weighted average number of shares outstanding: basic	`WeightedAverageNumberOfSharesOutstandingBasic`	28.08M	shares	Annual

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.38M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.05M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$21.52K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$8.72K	USD	Annual
Shares issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	Annual
Shares issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$82.65K	USD	Annual
Non cash lease expense	`OtherNoncashExpense`	$4.54K	USD	Annual
Non cash lease expense	`OtherNoncashExpense`	-	USD	Annual
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-186.00	USD	Annual
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$186.00	USD	Annual
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-87.37K	USD	Annual
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$12.93K	USD	Annual
Decrease (increase) in inventory	`IncreaseDecreaseInInventories`	$-24.68K	USD	Annual
Decrease (increase) in inventory	`IncreaseDecreaseInInventories`	$245.04K	USD	Annual
(Decrease) increase in accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$37.02K	USD	Annual
(Decrease) increase in accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$3.50K	USD	Annual
Decrease in accrued interest - related party	`IncreaseDecreaseInNotesPayableRelatedParties`	$4.65K	USD	Annual
Decrease in accrued interest - related party	`IncreaseDecreaseInNotesPayableRelatedParties`	$4.65K	USD	Annual
Increase in payroll liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$23.23K	USD	Annual
Increase in payroll liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$23.11K	USD	Annual
Increase in royalty payable	`IncreaseDecreaseInRoyaltiesPayable`	$271.31K	USD	Annual
Increase in royalty payable	`IncreaseDecreaseInRoyaltiesPayable`	$302.21K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-722.66K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.06M	USD	Annual
Acquisition of property and equipment	`PaymentsToAcquireProductiveAssets`	-	USD	Annual
Acquisition of property and equipment	`PaymentsToAcquireProductiveAssets`	$39.77K	USD	Annual
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-39.77K	USD	Annual
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	-	USD	Annual
Proceeds from issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$1.10M	USD	Annual
Proceeds from issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$697.25K	USD	Annual
Payments on notes payable - auto loan (principal)	`RepaymentsOfNotesPayable`	$9.91K	USD	Annual
Payments on notes payable - auto loan (principal)	`RepaymentsOfNotesPayable`	$9.63K	USD	Annual
Cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.09M	USD	Annual
Cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$687.62K	USD	Annual
Net increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-35.04K	USD	Annual
Net increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-7.56K	USD	Annual
Cash and cash equivalents, beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$96.92K	USD	Point-in-time
Cash and cash equivalents, beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$139.53K	USD	Point-in-time
Cash and cash equivalents, beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$104.48K	USD	Point-in-time
Cash and cash equivalents, end of the year	`CashAndCashEquivalentsAtCarryingValue`	$96.92K	USD	Point-in-time
Cash and cash equivalents, end of the year	`CashAndCashEquivalentsAtCarryingValue`	$139.53K	USD	Point-in-time
Cash and cash equivalents, end of the year	`CashAndCashEquivalentsAtCarryingValue`	$104.48K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	Annual
Cash paid for interest	`InterestPaidNet`	-	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	Annual
Stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	Annual
Stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$82.65K	USD	Annual
Dividend of redeemable preferred stock	`RedeemablePreferredStockDividends`	$162.89K	USD	Annual
Dividend of redeemable preferred stock	`RedeemablePreferredStockDividends`	$162.64K	USD	Annual

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, amount	`StockholdersEquity`	$-2.52M	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$-3.03M	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$-3.38M	USD	Point-in-time
Adoption of lease accounting	`AdoptionOfLeaseAccounting`	$4.44K	USD	Annual
Cash received for sale of common stock, amount	`StockIssuedDuringPeriodValueNewIssues`	$1.06M	USD	Annual
Cash received for sale of common stock, amount	`StockIssuedDuringPeriodValueNewIssues`	$697.25K	USD	Annual
Stock issued for subscriptions payable, amount	`StockIssuedDuringPeriodValueOther`	-	USD	Annual
Stock issued for subscriptions payable, amount	`StockIssuedDuringPeriodValueOther`	-	USD	Annual
Stock issued for conversion of preferred stock, amount	`StockIssuedDuringPeriodValueConversionOfUnits`	$15.00	USD	Annual
Cash received for warrant exercises, amount	`StockIssuedDuringPeriodValueWarrantsExercised`	$47.12K	USD	Annual
Common stock issued for services, amount	`StockIssuedDuringPeriodValueIssuedForServices`	-	USD	Annual
Common stock issued for services, amount	`StockIssuedDuringPeriodValueIssuedForServices`	$82.65K	USD	Annual
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.54M	USD	Annual
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.21M	USD	Annual
Ending balance, amount	`StockholdersEquity`	$-2.52M	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$-3.03M	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$-3.38M	USD	Point-in-time

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