10-K/A Filing

EXEO ENTERTAINMENT, INC. CIK: 1528760 FY 2020

Filing Information

Form Type	10-K/A
Accession Number	`0001199835-21-000165`
Period End Date	20201130
Filing Date	20210329
Fiscal Year	2020
Fiscal Period	FY
XBRL Instance	exeo-20201130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 40 Cash Flow Statement 60 Stockholders Equity 20

Balance Sheet 69 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$170.85K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$104.48K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$96.92K	USD	Point-in-time
Inventory, net	`InventoryNet`	$284.50K	USD	Point-in-time
Inventory, net	`InventoryNet`	$54.33K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseAndOtherAssets`	$12.56K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseAndOtherAssets`	$51.48K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$645.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$432.90K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$238.38K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Operating lease right of use asset	`OperatingLeaseRightOfUseAsset`	$122.72K	USD	Point-in-time
Operating lease right of use asset	`OperatingLeaseRightOfUseAsset`	$209.20K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	29.05M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	29.85M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$44.53K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	29.05M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$29.05K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	29.85M	shares	Point-in-time
Website development costs	`CapitalizedComputerSoftwareNet`	$24.52K	USD	Point-in-time
Website development costs	`CapitalizedComputerSoftwareNet`	-	USD	Point-in-time
Total assets	`Assets`	$600.15K	USD	Point-in-time
Total assets	`Assets`	$501.16K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableCurrent`	$182.51K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableCurrent`	$81.13K	USD	Point-in-time
Accrued interest payable - related party	`InterestPayableCurrent`	$28.08K	USD	Point-in-time
Accrued interest payable - related party	`InterestPayableCurrent`	$32.74K	USD	Point-in-time
Accrued payroll - officers	`EmployeeRelatedLiabilitiesCurrent`	$203.67K	USD	Point-in-time
Accrued payroll - officers	`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`	$1.43M	USD	Point-in-time
Royalty payable	`RoyaltyPayable`	$1.77M	USD	Point-in-time
Notes payable	`DebtCurrent`	-	USD	Point-in-time
Notes payable	`DebtCurrent`	$9.31K	USD	Point-in-time
PPP loan payable	`LoansPayableCurrent`	-	USD	Point-in-time
PPP loan payable	`LoansPayableCurrent`	$29.74K	USD	Point-in-time
Operating lease liabilities - current portion	`OperatingLeaseLiabilityCurrent`	$116.79K	USD	Point-in-time
Operating lease liabilities - current portion	`OperatingLeaseLiabilityCurrent`	$103.44K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.91M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.41M	USD	Point-in-time
Notes payable	`LongTermNotesPayable`	-	USD	Point-in-time
Notes payable	`LongTermNotesPayable`	$936.00	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$17.08K	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$91.56K	USD	Point-in-time
Total long-term liabilities	`LongTermDebtAndCapitalLeaseObligations`	$91.56K	USD	Point-in-time
Total long-term liabilities	`LongTermDebtAndCapitalLeaseObligations`	$18.02K	USD	Point-in-time
Total liabilities	`Liabilities`	$2.50M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.93M	USD	Point-in-time
Commitments and Contingencies - Note K	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies - Note K	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock - $0.0001 par value, 100,000,000 shares authorized; 29,853,327 and 29,054,235 shares issued and outstanding, respectively	`CommonStockValueOutstanding`	$2.98K	USD	Point-in-time
Common stock - $0.0001 par value, 100,000,000 shares authorized; 29,853,327 and 29,054,235 shares issued and outstanding, respectively	`CommonStockValueOutstanding`	$2.90K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$7.38M	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`	$22.50K	USD	Point-in-time
Stock payable	`PreferredStockRedemptionAmount`	$486.25K	USD	Point-in-time
Deficit accumulated	`RetainedEarningsAccumulatedDeficit`	$-10.12M	USD	Point-in-time
Deficit accumulated	`RetainedEarningsAccumulatedDeficit`	$-11.93M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.38M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-4.07M	USD	Point-in-time
Total liabilities, redeemable convertible preferred stock and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$600.15K	USD	Point-in-time
Total liabilities, redeemable convertible preferred stock and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$501.16K	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$139.45K	USD	Annual
Revenues	`Revenues`	$24.75K	USD	Annual
Inventory reserve	`InventoryLIFOReserveEffectOnIncomeNet`	$34.60K	USD	Annual
Inventory reserve	`InventoryLIFOReserveEffectOnIncomeNet`	$217.30K	USD	Annual
Cost of direct materials, shipping and labor	`CostOfRevenue`	$174.67K	USD	Annual
Cost of direct materials, shipping and labor	`CostOfRevenue`	$21.21K	USD	Annual
Gross loss	`GrossProfit`	$-213.76K	USD	Annual
Gross loss	`GrossProfit`	$-69.82K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$1.11M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$1.06M	USD	Annual
Executive compensation	`CompensationOfficersDirectors`	$161.56K	USD	Annual
Executive compensation	`CompensationOfficersDirectors`	$159.36K	USD	Annual
Professional fees	`ProfessionalFees`	$61.08K	USD	Annual
Professional fees	`ProfessionalFees`	$62.11K	USD	Annual
Depreciation	`Depreciation`	$23.82K	USD	Annual
Depreciation	`Depreciation`	$22.65K	USD	Annual
Total operating expenses	`CostsAndExpenses`	$1.35M	USD	Annual
Total operating expenses	`CostsAndExpenses`	$1.30M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-1.56M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-1.37M	USD	Annual
Loss from foreign currency transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$-43.10K	USD	Annual
Loss from foreign currency transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$-1.25K	USD	Annual
Interest expense - related party	`InterestExpenseRelatedParty`	$4.66K	USD	Annual
Interest expense - related party	`InterestExpenseRelatedParty`	$4.65K	USD	Annual
Interest expense and financing expense	`InterestExpense`	$477.00	USD	Annual
Interest expense and financing expense	`InterestExpense`	$44.70K	USD	Annual
Other income	`OtherIncome`	$3.75K	USD	Annual
Other income	`OtherIncome`	-	USD	Annual
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-88.71K	USD	Annual
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-6.38K	USD	Annual
Net loss	`NetIncomeLoss`	$-1.65M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.38M	USD	Annual
Dividend on redeemable preferred stock	`RedeemablePreferredStockDividends`	$162.64K	USD	Annual
Dividend on redeemable preferred stock	`RedeemablePreferredStockDividends`	$157.82K	USD	Annual
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.54M	USD	Annual
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.81M	USD	Annual
Net loss per share: basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	Annual
Net loss per share: basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	Annual
Weighted average number of shares outstanding: basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	29.54M	shares	Annual
Weighted average number of shares outstanding: basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	28.08M	shares	Annual

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.65M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.38M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$21.52K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$22.65K	USD	Annual
Shares issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$139.75K	USD	Annual
Shares issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$82.65K	USD	Annual
Non cash lease expense	`OtherNoncashExpense`	$1.35K	USD	Annual
Non cash lease expense	`OtherNoncashExpense`	$4.54K	USD	Annual
Modification of warrants	`ModificationOfWarrants`	-	USD	Annual
Modification of warrants	`ModificationOfWarrants`	$-44.40K	USD	Annual
Inventory reserve	`InventoryLIFOReserveEffectOnIncomeNet`	$34.60K	USD	Annual
Inventory reserve	`InventoryLIFOReserveEffectOnIncomeNet`	$217.30K	USD	Annual
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$645.00	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`	$-38.92K	USD	Annual
Decrease (increase) in inventory	`IncreaseDecreaseInInventories`	$279.64K	USD	Annual
Decrease (increase) in inventory	`IncreaseDecreaseInInventories`	$-12.87K	USD	Annual
(Decrease) increase in accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$37.02K	USD	Annual
(Decrease) increase in accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$101.39K	USD	Annual
Decrease in accrued interest - related party	`IncreaseDecreaseInNotesPayableRelatedParties`	$4.65K	USD	Annual
Decrease in accrued interest - related party	`IncreaseDecreaseInNotesPayableRelatedParties`	$4.66K	USD	Annual
Increase in payroll liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$18.72K	USD	Annual
Increase in payroll liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$23.11K	USD	Annual
Increase in royalty payable	`IncreaseDecreaseInRoyaltiesPayable`	$302.21K	USD	Annual
Increase in royalty payable	`IncreaseDecreaseInRoyaltiesPayable`	$341.25K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-710.33K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.06M	USD	Annual
Website development	`PaymentsToDevelopWebsite`	$24.52K	USD	Annual
Website development	`PaymentsToDevelopWebsite`	-	USD	Annual
Acquisition of property and equipment	`PaymentsToAcquireProductiveAssets`	$7.18K	USD	Annual
Acquisition of property and equipment	`PaymentsToAcquireProductiveAssets`	$39.77K	USD	Annual
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-39.77K	USD	Annual
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-31.70K	USD	Annual
Proceeds from issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$684.56K	USD	Annual
Proceeds from issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$1.10M	USD	Annual
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	$111.91K	USD	Annual
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	-	USD	Annual
Proceeds from PPP loan	`ProceedsFromLoanPayable`	-	USD	Annual
Proceeds from PPP loan	`ProceedsFromLoanPayable`	$29.74K	USD	Annual
Payments on notes payable - auto loan	`RepaymentsOfNotesPayable`	$9.91K	USD	Annual
Payments on notes payable - auto loan	`RepaymentsOfNotesPayable`	$10.25K	USD	Annual
Cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.09M	USD	Annual
Cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$815.96K	USD	Annual
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$73.93K	USD	Annual
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-7.56K	USD	Annual
Cash and cash equivalents, beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$170.85K	USD	Point-in-time
Cash and cash equivalents, beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$104.48K	USD	Point-in-time
Cash and cash equivalents, beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$96.92K	USD	Point-in-time
Cash and cash equivalents, end of the year	`CashAndCashEquivalentsAtCarryingValue`	$170.85K	USD	Point-in-time
Cash and cash equivalents, end 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 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
Conversion of preferred stock	`ConversionOfStockAmountConverted1`	-	USD	Annual
Conversion of preferred stock	`ConversionOfStockAmountConverted1`	$139.22K	USD	Annual
Dividend of redeemable preferred stock	`RedeemablePreferredStockDividends`	$162.64K	USD	Annual
Dividend of redeemable preferred stock	`RedeemablePreferredStockDividends`	$157.82K	USD	Annual

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, amount	`StockholdersEquity`	$-3.38M	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$-4.07M	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$-3.03M	USD	Point-in-time
Adoption of lease accounting	`AdoptionOfLeaseAccounting`	$4.44K	USD	Annual
Common stock issued for cash, net of issuance costs, amount	`StockIssuedDuringPeriodValueNewIssues`	$1.06M	USD	Annual
Common stock issued for cash, net of issuance costs, amount	`StockIssuedDuringPeriodValueNewIssues`	$684.56K	USD	Annual
Stock issued for subscriptions payable, amount	`StockIssuedDuringPeriodValueOther`	-	USD	Annual
Stock issued for conversion of preferred stock, amount	`StockIssuedDuringPeriodValueConversionOfUnits`	$5.00	USD	Annual
Stock issued for conversion of preferred stock, amount	`StockIssuedDuringPeriodValueConversionOfUnits`	$15.00	USD	Annual
Cash received for exercise of warrants, amount	`StockIssuedDuringPeriodValueWarrantsExercised`	$47.12K	USD	Annual
Cash received for exercise of warrants, amount	`StockIssuedDuringPeriodValueWarrantsExercised`	$111.91K	USD	Annual
Common stock issued for services, amount	`StockIssuedDuringPeriodValueIssuedForServices`	$139.75K	USD	Annual
Common stock issued for services, amount	`StockIssuedDuringPeriodValueIssuedForServices`	$82.65K	USD	Annual
Adjustment of conversion of preferred stock	`AdjustmentsToAdditionalPaidInCapitalOther`	$139.21K	USD	Annual
Modification of warrants	`AdjustmentsToAdditionalPaidInCapitalModificationOfWarrants`	$44.40K	USD	Annual
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.54M	USD	Annual
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.81M	USD	Annual
Ending balance, amount	`StockholdersEquity`	$-3.38M	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$-4.07M	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$-3.03M	USD	Point-in-time

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