10-Q Filing

AXIOM CORP. CIK: 1566265 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0001213900-15-005941`
Period End Date	20150630
Filing Date	20150811
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	axmm-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 76 Cash Flow Statement 50 Stockholders Equity 12

Balance Sheet 61 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable - net allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	-	USD	Point-in-time
Accounts receivable - net allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	66.15M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$8.96K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$7.46K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$-190.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$8.60K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	66.15M	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Accounts receivable (net of allowance of $nil (2014 - $nil))	`AccountsReceivableNetCurrent`	$2.39K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Accounts receivable (net of allowance of $nil (2014 - $nil))	`AccountsReceivableNetCurrent`	$2.18K	USD	Point-in-time
Inventory	`InventoryNet`	$13.41K	USD	Point-in-time
Inventory	`InventoryNet`	$40.00K	USD	Point-in-time
Inventory	`InventoryNet`	$15.01K	USD	Point-in-time
Prepaid expenses and other receivables	`PrepaidExpenseCurrent`	$38.56K	USD	Point-in-time
Prepaid expenses and other receivables	`PrepaidExpenseCurrent`	$21.87K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$64.71K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$46.27K	USD	Point-in-time
Equipment	`PropertyPlantAndEquipmentNet`	$31.20K	USD	Point-in-time
Equipment	`PropertyPlantAndEquipmentNet`	$14.28K	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$70.07K	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$66.39K	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$84.36K	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$97.58K	USD	Point-in-time
Total assets	`Assets`	$130.63K	USD	Point-in-time
Total assets	`Assets`	$162.30K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$269.52K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$125.90K	USD	Point-in-time
Other taxes payable	`TaxesPayableCurrent`	$7.19K	USD	Point-in-time
Other taxes payable	`TaxesPayableCurrent`	$1.47K	USD	Point-in-time
Current portion of deferred revenue	`DeferredRevenueCurrent`	$9.48K	USD	Point-in-time
Current portion of deferred revenue	`DeferredRevenueCurrent`	$8.81K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$106.41K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$183.14K	USD	Point-in-time
Loan payable	`LoansPayableCurrent`	-	USD	Point-in-time
Loan payable	`LoansPayableCurrent`	$73.07K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$248.98K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$536.01K	USD	Point-in-time
Deferred revenue	`DeferredRevenueNoncurrent`	$22.12K	USD	Point-in-time
Deferred revenue	`DeferredRevenueNoncurrent`	$16.15K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$22.12K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$16.15K	USD	Point-in-time
Total liabilities	`Liabilities`	$271.10K	USD	Point-in-time
Total liabilities	`Liabilities`	$552.15K	USD	Point-in-time
Common stock, (authorized 200,000,000, issued 66,147,975, par value $0.00001 per share)	`CommonStockValue`	$798.59K	USD	Point-in-time
Common stock, (authorized 200,000,000, issued 66,147,975, par value $0.00001 per share)	`CommonStockValue`	$661.00	USD	Point-in-time
Shares to be issued	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	-	USD	Point-in-time
Shares to be issued	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	$-345.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$854.91K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$36.63K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$17.81K	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-1.63M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-956.87K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-389.85K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-140.47K	USD	Point-in-time
Total liabilities and deficit	`LiabilitiesAndStockholdersEquity`	$162.30K	USD	Point-in-time
Total liabilities and deficit	`LiabilitiesAndStockholdersEquity`	$130.63K	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$29.00K	USD	2 Qtrs
Revenue	`Revenues`	$14.97K	USD	1 Quarter
Revenue	`Revenues`	$14.80K	USD	1 Quarter
Revenue	`Revenues`	$26.27K	USD	2 Qtrs
Cost of revenue	`CostOfRevenue`	$8.00K	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$15.30K	USD	2 Qtrs
Cost of revenue	`CostOfRevenue`	$11.62K	USD	2 Qtrs
Cost of revenue	`CostOfRevenue`	$6.72K	USD	1 Quarter
Gross profit	`GrossProfit`	$6.97K	USD	1 Quarter
Gross profit	`GrossProfit`	$10.97K	USD	2 Qtrs
Gross profit	`GrossProfit`	$8.08K	USD	1 Quarter
Gross profit	`GrossProfit`	$17.38K	USD	2 Qtrs
Advertising and promotion	`MarketingAndAdvertisingExpense`	$578.00	USD	1 Quarter
Advertising and promotion	`MarketingAndAdvertisingExpense`	$578.00	USD	2 Qtrs
Advertising and promotion	`MarketingAndAdvertisingExpense`	$2.13K	USD	2 Qtrs
Advertising and promotion	`MarketingAndAdvertisingExpense`	$800.00	USD	1 Quarter
Interest	`InterestExpense`	$7.26K	USD	2 Qtrs
Interest	`InterestExpense`	$2.67K	USD	1 Quarter
Interest	`InterestExpense`	$3.67K	USD	1 Quarter
Interest	`InterestExpense`	$5.13K	USD	2 Qtrs
Office and general	`GeneralAndAdministrativeExpense`	$19.48K	USD	2 Qtrs
Office and general	`GeneralAndAdministrativeExpense`	$2.94K	USD	1 Quarter
Office and general	`GeneralAndAdministrativeExpense`	$11.36K	USD	1 Quarter
Office and general	`GeneralAndAdministrativeExpense`	$8.49K	USD	2 Qtrs
Rent	`LeaseAndRentalExpense`	$7.41K	USD	2 Qtrs
Rent	`LeaseAndRentalExpense`	$3.73K	USD	1 Quarter
Rent	`LeaseAndRentalExpense`	$7.04K	USD	2 Qtrs
Rent	`LeaseAndRentalExpense`	$3.77K	USD	1 Quarter
Salaries and fees	`SalariesAndWages`	$16.14K	USD	1 Quarter
Salaries and fees	`SalariesAndWages`	$117.31K	USD	1 Quarter
Salaries and fees	`SalariesAndWages`	$17.36K	USD	2 Qtrs
Salaries and fees	`SalariesAndWages`	$273.57K	USD	2 Qtrs
Travel	`TravelAndEntertainmentExpense`	$9.20K	USD	2 Qtrs
Travel	`TravelAndEntertainmentExpense`	$2.17K	USD	1 Quarter
Travel	`TravelAndEntertainmentExpense`	$4.37K	USD	2 Qtrs
Travel	`TravelAndEntertainmentExpense`	$4.04K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.14K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$571.00	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$10.17K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$5.09K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	-	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$100.50K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.81K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$99.81K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$148.12K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	-	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$41.66K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$30.37K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$18.86K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$97.02K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$287.51K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$76.64K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$47.66K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$674.50K	USD	2 Qtrs
Operating income (Loss)	`OperatingIncomeLoss`	$-59.27K	USD	2 Qtrs
Operating income (Loss)	`OperatingIncomeLoss`	$-280.54K	USD	1 Quarter
Operating income (Loss)	`OperatingIncomeLoss`	$-39.57K	USD	1 Quarter
Operating income (Loss)	`OperatingIncomeLoss`	$-663.53K	USD	2 Qtrs
Loss on foreign exchange	`ForeignCurrencyTransactionGainLossBeforeTax`	$-7.37K	USD	2 Qtrs
Loss on foreign exchange	`ForeignCurrencyTransactionGainLossBeforeTax`	$-4.52K	USD	1 Quarter
Loss on foreign exchange	`ForeignCurrencyTransactionGainLossBeforeTax`	$-5.30K	USD	1 Quarter
Loss on foreign exchange	`ForeignCurrencyTransactionGainLossBeforeTax`	$-6.70K	USD	2 Qtrs
Net loss and comprehensive loss for the period	`NetIncomeLoss`	$-285.84K	USD	1 Quarter
Net loss and comprehensive loss for the period	`NetIncomeLoss`	$-66.64K	USD	2 Qtrs
Net loss and comprehensive loss for the period	`NetIncomeLoss`	$-670.23K	USD	2 Qtrs
Net loss and comprehensive loss for the period	`NetIncomeLoss`	$-44.09K	USD	1 Quarter
Net loss per share - Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per share - Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Net loss per share - Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
Net loss per share - Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average number of shares outstanding - Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	56.43M	shares	2 Qtrs
Weighted average number of shares outstanding - Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	67.73M	shares	2 Qtrs
Weighted average number of shares outstanding - Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	66.15M	shares	1 Quarter
Weighted average number of shares outstanding - Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	56.43M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`NetIncomeLoss`	$-285.84K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-66.64K	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$-670.23K	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$-44.09K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.14K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$571.00	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$10.17K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$5.09K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$148.12K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	-	USD	2 Qtrs
Accrued interest on shareholder loans	`AccruedInterestOnShareholderLoans`	$-3.44K	USD	2 Qtrs
Accrued interest on shareholder loans	`AccruedInterestOnShareholderLoans`	$-5.39K	USD	2 Qtrs
Non-cash consulting services provided	`NoncashContributionExpense`	-	USD	2 Qtrs
Non-cash consulting services provided	`NoncashContributionExpense`	$4.89K	USD	2 Qtrs
Changes in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-205.00	USD	2 Qtrs
Changes in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-329.00	USD	2 Qtrs
Change in inventory	`IncreaseDecreaseInInventories`	$-4.23K	USD	2 Qtrs
Change in inventory	`IncreaseDecreaseInInventories`	$1.60K	USD	2 Qtrs
Changes in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$16.70K	USD	2 Qtrs
Changes in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$2.97K	USD	2 Qtrs
Changes in accounts payable and accrued liabilities and other taxes payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$117.86K	USD	2 Qtrs
Changes in accounts payable and accrued liabilities and other taxes payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$149.67K	USD	2 Qtrs
Changes in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-6.14K	USD	2 Qtrs
Changes in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-6.65K	USD	2 Qtrs
Net cash flows (used in) generated by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$56.15K	USD	2 Qtrs
Net cash flows (used in) generated by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-381.61K	USD	2 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	2 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$75.00K	USD	2 Qtrs
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$23.40K	USD	2 Qtrs
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.44K	USD	2 Qtrs
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-89.44K	USD	2 Qtrs
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-23.40K	USD	2 Qtrs
Proceeds from common shares to be issued	`ProceedsFromIssuanceOfCommonStock`	$345.00K	USD	2 Qtrs
Proceeds from common shares to be issued	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Related party loans and advances	`ProceedsFromRelatedPartyDebt`	$40.94K	USD	2 Qtrs
Related party loans and advances	`ProceedsFromRelatedPartyDebt`	$60.37K	USD	2 Qtrs
Net cash flows generated by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$405.37K	USD	2 Qtrs
Net cash flows generated by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$40.94K	USD	2 Qtrs
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.65K	USD	2 Qtrs
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$353.00	USD	2 Qtrs
Cash (bank overdraft), beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.96K	USD	Point-in-time
Cash (bank overdraft), beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.46K	USD	Point-in-time
Cash (bank overdraft), beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$-190.00	USD	Point-in-time
Cash (bank overdraft), beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.60K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.96K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.46K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$-190.00	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.60K	USD	Point-in-time

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$-389.85K	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$-140.47K	USD	Point-in-time
Issuance of warrants	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$148.12K	USD	2 Qtrs
Reverse acquisition by Papernuts Canada	`StockIssuedDuringPeriodValueAcquisitions`	$-72.28K	USD	2 Qtrs
Proceeds of share subscriptions collected	`ProceedsOfShareSubscriptionsCollected`	$345.00K	USD	2 Qtrs
Conversion of common shares	`StockIssuedDuringPeriodValueConversionOfUnits`	-	USD	2 Qtrs
Net (loss) for the period	`NetIncomeLoss`	$-285.84K	USD	1 Quarter
Net (loss) for the period	`NetIncomeLoss`	$-66.64K	USD	2 Qtrs
Net (loss) for the period	`NetIncomeLoss`	$-670.23K	USD	2 Qtrs
Net (loss) for the period	`NetIncomeLoss`	$-44.09K	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$-389.85K	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$-140.47K	USD	Point-in-time

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