10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001213900-16-013400 |
| Period End Date | 20160331 |
| Filing Date | 20160516 |
| Fiscal Year | 2016 |
| Fiscal Period | Q1 |
| XBRL Instance | axmm-20160331.xml |
Filing Contents
This filing contains the following financial statements:
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 |
| Common stock, shares issued |
CommonStockSharesIssued
|
67.40M | shares | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
67.40M | shares | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$137.42K | USD | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$14.27K | USD | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$8.60K | USD | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$48.12K | USD | Point-in-time |
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
- | USD | Point-in-time |
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
- | USD | Point-in-time |
| Accounts receivable (net of allowance of $nil (2014 - $nil) |
AccountsReceivableNetCurrent
|
$12.99K | USD | Point-in-time |
| Accounts receivable (net of allowance of $nil (2014 - $nil) |
AccountsReceivableNetCurrent
|
$9.73K | USD | Point-in-time |
| Inventory |
InventoryNet
|
$13.53K | USD | Point-in-time |
| Inventory |
InventoryNet
|
$6.33K | USD | Point-in-time |
| Prepaid expenses and other receivables |
PrepaidExpenseCurrent
|
$23.76K | USD | Point-in-time |
| Prepaid expenses and other receivables |
PrepaidExpenseCurrent
|
$10.37K | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$43.96K | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$95.13K | USD | Point-in-time |
| Equipment |
PropertyPlantAndEquipmentNet
|
$21.65K | USD | Point-in-time |
| Equipment |
PropertyPlantAndEquipmentNet
|
$18.40K | USD | Point-in-time |
| Total non-current assets |
OtherAssetsNoncurrent
|
$18.40K | 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
|
$62.36K | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$312.36K | 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
|
$693.00 | USD | Point-in-time |
| Current portion of deferred revenue |
DeferredRevenueCurrent
|
$7.95K | USD | Point-in-time |
| Current portion of deferred revenue |
DeferredRevenueCurrent
|
$8.47K | USD | Point-in-time |
| Due to related parties |
DueToRelatedPartiesCurrent
|
$219.11K | USD | Point-in-time |
| Due to related parties |
DueToRelatedPartiesCurrent
|
$169.53K | USD | Point-in-time |
| Loans payable and conversion features |
LoansPayableCurrent
|
$551.58K | USD | Point-in-time |
| Loans payable and conversion features |
LoansPayableCurrent
|
$462.14K | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$894.50K | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$1.09M | USD | Point-in-time |
| Deferred revenue |
DeferredRevenueNoncurrent
|
$10.60K | USD | Point-in-time |
| Deferred revenue |
DeferredRevenueNoncurrent
|
$9.18K | USD | Point-in-time |
| Total non-current liabilities |
LiabilitiesNoncurrent
|
$9.18K | USD | Point-in-time |
| Total non-current liabilities |
LiabilitiesNoncurrent
|
$10.60K | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$1.10M | 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
|
$674.00 | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$1.21M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$1.21M | USD | Point-in-time |
| Accumulated other comprehensive income |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$36.63K | USD | Point-in-time |
| Accumulated other comprehensive income |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$36.63K | USD | Point-in-time |
| Deficit |
RetainedEarningsAccumulatedDeficit
|
$-2.24M | USD | Point-in-time |
| Deficit |
RetainedEarningsAccumulatedDeficit
|
$-2.00M | USD | Point-in-time |
| Axiom Corporation Ltd. Stockholders' deficit |
StockholderEquity
|
$-750.07K | USD | Point-in-time |
| Axiom Corporation Ltd. Stockholders' deficit |
StockholderEquity
|
$-994.34K | USD | Point-in-time |
| Non-controlling interest |
MinorityInterest
|
$-38.25K | USD | Point-in-time |
| Non-controlling interest |
MinorityInterest
|
$-44.69K | 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
|
$-1.04M | USD | Point-in-time |
| Total stockholders' deficit |
StockholdersEquity
|
$-179.02K | USD | Point-in-time |
| Total liabilities and deficit |
LiabilitiesAndStockholdersEquity
|
$62.36K | USD | Point-in-time |
| Total liabilities and deficit |
LiabilitiesAndStockholdersEquity
|
$116.78K | USD | Point-in-time |
Income Statement
43 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenue |
Revenues
|
$11.30K | USD | 1 Quarter |
| Revenue |
Revenues
|
$24.98K | USD | 1 Quarter |
| Cost of revenue |
CostOfRevenue
|
$11.24K | USD | 1 Quarter |
| Cost of revenue |
CostOfRevenue
|
$7.30K | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$13.75K | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$4.00K | USD | 1 Quarter |
| Advertising and promotion |
MarketingAndAdvertisingExpense
|
$1.33K | USD | 1 Quarter |
| Advertising and promotion |
MarketingAndAdvertisingExpense
|
$124.00 | USD | 1 Quarter |
| Interest and financing costs |
InterestExpense
|
$3.59K | USD | 1 Quarter |
| Interest and financing costs |
InterestExpense
|
$13.52K | USD | 1 Quarter |
| Office and general |
GeneralAndAdministrativeExpense
|
$13.80K | USD | 1 Quarter |
| Office and general |
GeneralAndAdministrativeExpense
|
$8.13K | USD | 1 Quarter |
| Rent |
LeaseAndRentalExpense
|
$3.27K | USD | 1 Quarter |
| Rent |
LeaseAndRentalExpense
|
$2.96K | USD | 1 Quarter |
| Salaries and fees |
SalariesAndWages
|
$156.26K | USD | 1 Quarter |
| Salaries and fees |
SalariesAndWages
|
$86.11K | USD | 1 Quarter |
| Travel |
TravelAndEntertainmentExpense
|
$1.07K | USD | 1 Quarter |
| Travel |
TravelAndEntertainmentExpense
|
$5.16K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$5.09K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$3.25K | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$14.69K | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$683.00 | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
- | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$148.12K | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$24.12K | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$55.35K | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$387.00K | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$159.63K | USD | 1 Quarter |
| Operating income (Loss) |
OperatingIncomeLoss
|
$-145.88K | USD | 1 Quarter |
| Operating income (Loss) |
OperatingIncomeLoss
|
$-382.99K | USD | 1 Quarter |
| Valuation adjustment of convertible loans payable |
ValuationAdjustmentOfConvertibleLoansPayable
|
$78.50K | USD | 1 Quarter |
| Gain (loss) on foreign exchange |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-1.40K | USD | 1 Quarter |
| Gain (loss) on foreign exchange |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-26.32K | USD | 1 Quarter |
| Net loss and comprehensive loss for the period |
NetIncomeLoss
|
$-384.39K | USD | 1 Quarter |
| Net loss and comprehensive loss for the period |
NetIncomeLoss
|
$-250.71K | USD | 1 Quarter |
| Net loss and comprehensive loss attributed to non-controlling interest |
OtherComprehensiveIncomeLossTax
|
$-6.43K | USD | 1 Quarter |
| Net loss and comprehensive loss attributed to non-controlling interest |
OtherComprehensiveIncomeLossTax
|
- | USD | 1 Quarter |
| Net loss and comprehensive loss attributed to Axiom Corporation |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$-244.27K | USD | 1 Quarter |
| Net loss and comprehensive loss attributed to Axiom Corporation |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$-384.39K | USD | 1 Quarter |
| Net loss per share - basic and diluted |
EarningsPerShareBasicAndDiluted
|
- | USD | 1 Quarter |
| Net loss per share - basic and diluted |
EarningsPerShareBasicAndDiluted
|
$-0.01 | USD | 1 Quarter |
| Weighted average number of shares outstanding - basic and diluted |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
69.33M | shares | 1 Quarter |
| Weighted average number of shares outstanding - basic and diluted |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
67.40M | shares | 1 Quarter |
Cash Flow Statement
43 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net loss for the period |
NetIncomeLoss
|
$-384.39K | USD | 1 Quarter |
| Net loss for the period |
NetIncomeLoss
|
$-250.71K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$5.09K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$3.25K | USD | 1 Quarter |
| Valuation adjustment of convertible loans |
ValuationAdjustmentOfConvertibleLoansPayable
|
$78.50K | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
- | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$148.12K | USD | 1 Quarter |
| Accrued interest on loans |
AccruedInterestOnLoan
|
$13.52K | USD | 1 Quarter |
| Accrued interest on loans |
AccruedInterestOnLoan
|
$2.50K | USD | 1 Quarter |
| Related party loans and advances |
CostsAndExpensesRelatedParty
|
- | USD | 1 Quarter |
| Related party loans and advances |
CostsAndExpensesRelatedParty
|
$49.59K | USD | 1 Quarter |
| Changes in accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$667.00 | USD | 1 Quarter |
| Changes in accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$3.26K | USD | 1 Quarter |
| Change in inventory |
IncreaseDecreaseInInventories
|
$-5.98K | USD | 1 Quarter |
| Change in inventory |
IncreaseDecreaseInInventories
|
$-7.20K | USD | 1 Quarter |
| Changes in prepaid expenses |
IncreaseDecreaseInPrepaidExpense
|
$-13.39K | USD | 1 Quarter |
| Changes in prepaid expenses |
IncreaseDecreaseInPrepaidExpense
|
$-5.02K | USD | 1 Quarter |
| Changes in accounts payable and accrued liabilities and other taxes payable |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$55.58K | USD | 1 Quarter |
| Changes in accounts payable and accrued liabilities and other taxes payable |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$26.62K | USD | 1 Quarter |
| Changes in deferred revenue |
IncreaseDecreaseInDeferredRevenue
|
$-899.00 | USD | 1 Quarter |
| Changes in deferred revenue |
IncreaseDecreaseInDeferredRevenue
|
$-4.83K | USD | 1 Quarter |
| Net cash flows (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-33.85K | USD | 1 Quarter |
| Net cash flows (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-196.55K | USD | 1 Quarter |
| Purchase of equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
- | USD | 1 Quarter |
| Purchase of equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$5.00K | USD | 1 Quarter |
| Net cash flows from investing activities |
NetCashProvidedByUsedInInvestingActivities
|
- | USD | 1 Quarter |
| Net cash flows from investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-5.00K | USD | 1 Quarter |
| Proceeds from shares to be issued |
ProceedsFromIssuanceOfCommonStock
|
$270.00K | USD | 1 Quarter |
| Proceeds from shares to be issued |
ProceedsFromIssuanceOfCommonStock
|
- | USD | 1 Quarter |
| Related party loans and advances |
ProceedsFromRelatedPartyDebt
|
$60.37K | USD | 1 Quarter |
| Related party loans and advances |
ProceedsFromRelatedPartyDebt
|
- | USD | 1 Quarter |
| Net cash flows generated by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
- | USD | 1 Quarter |
| Net cash flows generated by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$330.37K | USD | 1 Quarter |
| Net (decrease) increase in cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$128.82K | USD | 1 Quarter |
| Net (decrease) increase in cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-33.85K | USD | 1 Quarter |
| Cash, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$137.42K | USD | Point-in-time |
| Cash, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$14.27K | USD | Point-in-time |
| Cash, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$8.60K | USD | Point-in-time |
| Cash, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$48.12K | USD | Point-in-time |
| Cash, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$137.42K | USD | Point-in-time |
| Cash, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$14.27K | USD | Point-in-time |
| Cash, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$8.60K | USD | Point-in-time |
| Cash, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$48.12K | USD | Point-in-time |
Stockholders Equity
14 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
|
$-1.04M | USD | Point-in-time |
| Beginning Balance |
StockholdersEquity
|
$-179.02K | USD | Point-in-time |
| Issuance of warrants |
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
|
$148.12K | USD | 1 Quarter |
| Reverse acquisition by Papernuts Canada |
StockIssuedDuringPeriodValueAcquisitions
|
$-72.28K | USD | 1 Quarter |
| Reverse acquisition by Papernuts Canada |
StockIssuedDuringPeriodValueAcquisitions
|
$124.29K | USD | 1 Quarter |
| Proceeds of share subscriptions collected |
ProceedsOfShareSubscriptionsCollected
|
$270.00K | USD | 1 Quarter |
| Net (loss) for the year |
NetIncomeLoss
|
$-384.39K | USD | 1 Quarter |
| Net (loss) for the year |
NetIncomeLoss
|
$-250.71K | USD | 1 Quarter |
| Ending Balance |
StockholdersEquity
|
$-140.47K | USD | Point-in-time |
| Ending Balance |
StockholdersEquity
|
$-788.32K | USD | Point-in-time |
| Ending Balance |
StockholdersEquity
|
$-1.04M | USD | Point-in-time |
| Ending Balance |
StockholdersEquity
|
$-179.02K | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.