10-K Filing

AXIOM CORP. CIK: 1566265 FY 2015

Filing Information

Form Type	10-K
Accession Number	`0001213900-16-011957`
Period End Date	20151231
Filing Date	20160329
Fiscal Year	2015
Fiscal Period	FY
XBRL Instance	axmm-20151231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 52 Cash Flow Statement 56 Stockholders Equity 15

Balance Sheet 62 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
Cash	`CashAndCashEquivalentsAtCarryingValue`	$48.12K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	67.40M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	67.40M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$8.60K	USD	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
Accounts receivable (net of allowance of $nil (2014 - $nil))	`AccountsReceivableNetCurrent`	$9.73K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Inventory	`InventoryNet`	$13.41K	USD	Point-in-time
Inventory	`InventoryNet`	$13.53K	USD	Point-in-time
Prepaid expenses and other receivables	`PrepaidExpenseCurrent`	$21.87K	USD	Point-in-time
Prepaid expenses and other receivables	`PrepaidExpenseCurrent`	$23.76K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$95.13K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$46.27K	USD	Point-in-time
Equipment	`PropertyPlantAndEquipmentNet`	$14.28K	USD	Point-in-time
Equipment	`PropertyPlantAndEquipmentNet`	$21.65K	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$70.07K	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	-	USD	Point-in-time
Total non-current assets	`OtherAssetsNoncurrent`	$84.36K	USD	Point-in-time
Total non-current assets	`OtherAssetsNoncurrent`	$21.65K	USD	Point-in-time
Total assets	`Assets`	$116.78K	USD	Point-in-time
Total assets	`Assets`	$130.63K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$125.90K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$251.43K	USD	Point-in-time
Other taxes payable	`TaxesPayableCurrent`	$3.45K	USD	Point-in-time
Other taxes payable	`TaxesPayableCurrent`	$7.19K	USD	Point-in-time
Current portion of deferred revenue	`DeferredRevenueCurrent`	$7.95K	USD	Point-in-time
Current portion of deferred revenue	`DeferredRevenueCurrent`	$9.48K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$169.53K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$106.41K	USD	Point-in-time
Loans payable and conversion features	`LoansPayableCurrent`	$462.14K	USD	Point-in-time
Loans payable and conversion features	`LoansPayableCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$248.98K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$894.50K	USD	Point-in-time
Deferred revenue	`DeferredRevenueNoncurrent`	$22.12K	USD	Point-in-time
Deferred revenue	`DeferredRevenueNoncurrent`	$10.60K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$22.12K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$10.60K	USD	Point-in-time
Total liabilities	`Liabilities`	$271.10K	USD	Point-in-time
Total liabilities	`Liabilities`	$905.10K	USD	Point-in-time
Common stock, (authorized 200,000,000, issued 67,397,975, par value $0.00001 per share)	`CommonStockValue`	$674.00	USD	Point-in-time
Common stock, (authorized 200,000,000, issued 67,397,975, par value $0.00001 per share)	`CommonStockValue`	$520.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$798.07K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.21M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$17.81K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$36.63K	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-2.00M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-956.87K	USD	Point-in-time
Axiom Corporation Ltd. Stockholders equity	`StockholderEquity`	$-140.47K	USD	Point-in-time
Axiom Corporation Ltd. Stockholders equity	`StockholderEquity`	$-750.07K	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$-38.25K	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	-	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-140.47K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-788.32K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-252.31K	USD	Point-in-time
Total liabilities and deficit	`LiabilitiesAndStockholdersEquity`	$130.63K	USD	Point-in-time
Total liabilities and deficit	`LiabilitiesAndStockholdersEquity`	$116.78K	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$57.67K	USD	Annual
Revenue	`Revenues`	$82.13K	USD	Annual
Cost of revenue	`CostOfRevenue`	$51.13K	USD	Annual
Cost of revenue	`CostOfRevenue`	$26.77K	USD	Annual
Gross profit	`GrossProfit`	$30.89K	USD	Annual
Gross profit	`GrossProfit`	$31.00K	USD	Annual
Advertising and promotion	`MarketingAndAdvertisingExpense`	$2.18K	USD	Annual
Advertising and promotion	`MarketingAndAdvertisingExpense`	$12.65K	USD	Annual
Interest and financing costs	`InterestExpense`	$22.98K	USD	Annual
Interest and financing costs	`InterestExpense`	$10.19K	USD	Annual
Office and general	`GeneralAndAdministrativeExpense`	$24.29K	USD	Annual
Office and general	`GeneralAndAdministrativeExpense`	$38.86K	USD	Annual
Rent	`LeaseAndRentalExpense`	$13.25K	USD	Annual
Rent	`LeaseAndRentalExpense`	$14.71K	USD	Annual
Salaries and fees	`SalariesAndWages`	$439.44K	USD	Annual
Salaries and fees	`SalariesAndWages`	$106.56K	USD	Annual
Travel	`TravelAndEntertainmentExpense`	$18.84K	USD	Annual
Travel	`TravelAndEntertainmentExpense`	$9.35K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$8.00K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$23.42K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$20.63K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$134.66K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$148.12K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	-	USD	Annual
Professional fees	`ProfessionalFees`	$179.78K	USD	Annual
Professional fees	`ProfessionalFees`	$122.69K	USD	Annual
Total operating expenses	`OperatingExpenses`	$338.56K	USD	Annual
Total operating expenses	`OperatingExpenses`	$1.01M	USD	Annual
Operating income (Loss)	`OperatingIncomeLoss`	$-981.04K	USD	Annual
Operating income (Loss)	`OperatingIncomeLoss`	$-307.66K	USD	Annual
Impairment of assets	`AssetImpairmentCharges`	$62.70K	USD	Annual
Impairment of assets	`AssetImpairmentCharges`	$80.15K	USD	Annual
Valuation adjustment of convertible loans payable	`ValuationAdjustmentOfConvertibleLoansPayable`	$50.98K	USD	Annual
Valuation adjustment of convertible loans payable	`ValuationAdjustmentOfConvertibleLoansPayable`	-	USD	Annual
Gain (loss) on foreign exchange	`ForeignCurrencyTransactionGainLossBeforeTax`	$-9.56K	USD	Annual
Gain (loss) on foreign exchange	`ForeignCurrencyTransactionGainLossBeforeTax`	$22.03K	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-1.07M	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-397.38K	USD	Annual
Net loss attributed to non-controlling interest	`OtherComprehensiveIncomeLossTax`	-	USD	Annual
Net loss attributed to non-controlling interest	`OtherComprehensiveIncomeLossTax`	$-30.91K	USD	Annual
Net loss attributed to Axiom Corporation	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-1.04M	USD	Annual
Net loss attributed to Axiom Corporation	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-397.38K	USD	Annual
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	Annual
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	Annual
Weighted average number of shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	56.43M	shares	Annual
Weighted average number of shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	67.46M	shares	Annual
Net loss for the year	`NetIncomeLoss`	$-1.07M	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-397.38K	USD	Annual
Other comprehensive income - foreign exchange	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$17.81K	USD	Annual
Other comprehensive income - foreign exchange	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$18.83K	USD	Annual
Comprehensive loss for the year	`ComprehensiveIncomeNetOfTax`	$-379.57K	USD	Annual
Comprehensive loss for the year	`ComprehensiveIncomeNetOfTax`	$-1.05M	USD	Annual

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net loss for the year	`NetIncomeLoss`	$-1.07M	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-397.38K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$8.00K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$23.42K	USD	Annual
Impairment of assets	`AssetImpairmentCharges`	$62.70K	USD	Annual
Impairment of assets	`AssetImpairmentCharges`	$80.15K	USD	Annual
Valuation adjustment of convertible loans	`ValuationAdjustmentOfConvertibleLoansPayable`	$50.98K	USD	Annual
Valuation adjustment of convertible loans	`ValuationAdjustmentOfConvertibleLoansPayable`	-	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$148.12K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	-	USD	Annual
Accrued interest on loans	`AccruedInterestOnLoan`	$7.17K	USD	Annual
Accrued interest on loans	`AccruedInterestOnLoan`	$24.17K	USD	Annual
Non-cash consulting services provided	`NoncashContributionExpense`	$4.00K	USD	Annual
Non-cash consulting services provided	`NoncashContributionExpense`	$5.47K	USD	Annual
Changes in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-6.99K	USD	Annual
Changes in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$9.23K	USD	Annual
Change in inventory	`IncreaseDecreaseInInventories`	$118.00	USD	Annual
Change in inventory	`IncreaseDecreaseInInventories`	$41.06K	USD	Annual
Changes in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$17.84K	USD	Annual
Changes in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	Annual
Changes in accounts payable and accrued liabilities and other taxes payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-15.06K	USD	Annual
Changes in accounts payable and accrued liabilities and other taxes payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$103.82K	USD	Annual
Changes in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-13.06K	USD	Annual
Changes in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-9.96K	USD	Annual
Net cash flows (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-373.51K	USD	Annual
Net cash flows (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-677.89K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$75.00K	USD	Annual
Cash obtained from reverse merger	`CashObtainedFromReverseMerger`	$-74.97K	USD	Annual
Cash obtained from reverse merger	`CashObtainedFromReverseMerger`	-	USD	Annual
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$23.40K	USD	Annual
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$52.11K	USD	Annual
Net cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$51.57K	USD	Annual
Net cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-127.11K	USD	Annual
Proceeds from common shares issued	`ProceedsFromIssuanceOfCommonStock`	$491.40K	USD	Annual
Proceeds from common shares issued	`ProceedsFromIssuanceOfCommonStock`	$345.00K	USD	Annual
Bank overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	$-190.00	USD	Annual
Bank overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	-	USD	Annual
Proceeds from loans	`ProceedsFromLoans`	-	USD	Annual
Proceeds from loans	`ProceedsFromLoans`	$595.07K	USD	Annual
Repayment of loans	`RepaymentsOfDebt`	-	USD	Annual
Repayment of loans	`RepaymentsOfDebt`	$348.04K	USD	Annual
Related party loans and advances	`ProceedsFromRelatedPartyDebt`	$18.01K	USD	Annual
Related party loans and advances	`ProceedsFromRelatedPartyDebt`	$54.98K	USD	Annual
Net cash flows generated by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$509.22K	USD	Annual
Net cash flows generated by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$647.01K	USD	Annual
Foreign exchange gain	`ForeignCurrencyTransactionGainBeforeTax`	-	USD	Annual
Foreign exchange gain	`ForeignCurrencyTransactionGainBeforeTax`	$-18.83K	USD	Annual
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.60K	USD	Annual
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$39.51K	USD	Annual
Cash, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$48.12K	USD	Point-in-time
Cash, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$8.60K	USD	Point-in-time
Cash, end of year	`CashAndCashEquivalentsAtCarryingValue`	$48.12K	USD	Point-in-time
Cash, end of year	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash, end of year	`CashAndCashEquivalentsAtCarryingValue`	$8.60K	USD	Point-in-time

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$-140.47K	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$-788.32K	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$-252.31K	USD	Point-in-time
Issuance of warrants	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$148.12K	USD	Annual
Reverse acquisition by Papernuts Canada	`StockIssuedDuringPeriodValueAcquisitions`	$-64.91K	USD	Annual
Shares issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$4.00K	USD	Annual
Non-controlling interest	`StockIssuedDuringPeriodValueNoncontrollingInterest`	$-7.37K	USD	Annual
Proceeds of share subscriptions collected	`ProceedsOfShareSubscriptionsCollected`	$345.00K	USD	Annual
Conversion of common shares	`StockIssuedDuringPeriodValueConversionOfUnits`	-	USD	Annual
Issuance of common shares	`StockIssuedDuringPeriodValueCommonStock`	$491.40K	USD	Annual
Net (loss) for the year	`NetIncomeLoss`	$-1.07M	USD	Annual
Net (loss) for the year	`NetIncomeLoss`	$-397.38K	USD	Annual
Ending Balance	`StockholdersEquity`	$-140.47K	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$-788.32K	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$-252.31K	USD	Point-in-time

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