10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001294606-15-000113 |
| Period End Date | 20150331 |
| Filing Date | 20150518 |
| Fiscal Year | 2015 |
| Fiscal Period | Q1 |
| XBRL Instance | axmm-20150331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
63 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 |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$3.48K | USD | Point-in-time |
| Capital stock |
CommonStockSharesAuthorized
|
66.15M | shares | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$-190.00 | USD | Point-in-time |
| Capital stock |
CommonStockSharesAuthorized
|
66.15M | shares | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$8.60K | USD | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$137.42K | USD | Point-in-time |
| Capital stock - par value |
CommonStockParOrStatedValuePerShare
|
- | USD | Point-in-time |
| Capital stock - par value |
CommonStockParOrStatedValuePerShare
|
- | USD | Point-in-time |
| Funds held in trust |
ReceivablesNetCurrent
|
$70.75K | USD | Point-in-time |
| Series A Preferred - Authorized |
PreferredStockSharesAuthorized
|
2.67M | shares | Point-in-time |
| Accounts receivable (net of allowance of $nil (2014 - $nil)) |
AccountsReceivableNetCurrent
|
$3.06K | USD | Point-in-time |
| Accounts receivable (net of allowance of $nil (2014 - $nil)) |
AccountsReceivableNetCurrent
|
$2.39K | USD | Point-in-time |
| Series A Preferred - Authorized |
PreferredStockSharesAuthorized
|
2.67M | shares | Point-in-time |
| Inventory 5 |
InventoryNet
|
$40.00K | USD | Point-in-time |
| Series A Preferred - Par Value |
PreferredStockParOrStatedValuePerShare
|
- | USD | Point-in-time |
| Series A Preferred - Par Value |
PreferredStockParOrStatedValuePerShare
|
- | USD | Point-in-time |
| Inventory 5 |
InventoryNet
|
$7.43K | USD | Point-in-time |
| Inventory 5 |
InventoryNet
|
$13.41K | USD | Point-in-time |
| Prepaid expenses and other receivables |
PrepaidExpenseCurrent
|
$16.85K | USD | Point-in-time |
| Prepaid expenses and other receivables |
PrepaidExpenseCurrent
|
$21.87K | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$46.27K | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$235.50K | USD | Point-in-time |
| Equipment 6 |
PropertyPlantAndEquipmentNet
|
$16.04K | USD | Point-in-time |
| Equipment 6 |
PropertyPlantAndEquipmentNet
|
$14.28K | USD | Point-in-time |
| Intangible assets 7 |
IntangibleAssetsNetExcludingGoodwill
|
$70.07K | USD | Point-in-time |
| Intangible assets 7 |
IntangibleAssetsNetExcludingGoodwill
|
$68.23K | USD | Point-in-time |
| Total non-current assets |
AssetsNoncurrent
|
$84.27K | USD | Point-in-time |
| Total non-current assets |
AssetsNoncurrent
|
$84.36K | USD | Point-in-time |
| Total assets |
Assets
|
$130.63K | USD | Point-in-time |
| Total assets |
Assets
|
$319.77K | USD | Point-in-time |
| Accounts payable and accrued liabilities 8, 9 |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$125.90K | USD | Point-in-time |
| Accounts payable and accrued liabilities 8, 9 |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$156.74K | USD | Point-in-time |
| Other taxes payable |
AccruedIncomeTaxes
|
$7.19K | USD | Point-in-time |
| Other taxes payable |
AccruedIncomeTaxes
|
$6.59K | USD | Point-in-time |
| Current portion of deferred revenue 11 |
DeferredRevenueAndCreditsCurrent
|
$9.48K | USD | Point-in-time |
| Current portion of deferred revenue 11 |
DeferredRevenueAndCreditsCurrent
|
$8.69K | USD | Point-in-time |
| Due to related parties 9 |
DueToRelatedPartiesCurrent
|
40,290.00 | CAD | Point-in-time |
| Due to related parties 9 |
DueToRelatedPartiesCurrent
|
$160.64K | USD | Point-in-time |
| Due to related parties 9 |
DueToRelatedPartiesCurrent
|
$106.41K | USD | Point-in-time |
| Loan payable 10 |
LoansPayableToBankCurrent
|
$148.03K | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$480.69K | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$248.98K | USD | Point-in-time |
| Deferred revenue 11 |
DeferredRevenueCurrent
|
$18.09K | USD | Point-in-time |
| Deferred revenue 11 |
DeferredRevenueCurrent
|
$22.12K | USD | Point-in-time |
| Deferred revenue 11 |
DeferredRevenueCurrent
|
$31.61K | USD | Point-in-time |
| Total non-current liabilities |
LiabilitiesNoncurrent
|
$22.12K | USD | Point-in-time |
| Total non-current liabilities |
LiabilitiesNoncurrent
|
$18.09K | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$498.79K | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$271.10K | USD | Point-in-time |
| Capital stock (66,147,975 common shares-par value $0.00001 per share, 2,666,668 series A preferred shares-par value $0.00001 per share and 1,000,002 series B preferred shares-par value $0.00001 issued and outstanding) 12 |
CommonStockValue
|
$698.00 | USD | Point-in-time |
| Capital stock (66,147,975 common shares-par value $0.00001 per share, 2,666,668 series A preferred shares-par value $0.00001 per share and 1,000,002 series B preferred shares-par value $0.00001 issued and outstanding) 12 |
CommonStockValue
|
$798.59K | USD | Point-in-time |
| Shares to be issued |
CommonStockShareSubscribedButUnissuedSubscriptionsReceivable
|
$-270.00K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$854.91K | 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
|
$-956.87K | USD | Point-in-time |
| Deficit |
RetainedEarningsAccumulatedDeficit
|
$-1.34M | USD | Point-in-time |
| Total stockholders deficit |
StockholdersEquity
|
$-140.47K | USD | Point-in-time |
| Total stockholders deficit |
StockholdersEquity
|
$-179.02K | USD | Point-in-time |
| Total liabilities and deficit |
LiabilitiesAndStockholdersEquity
|
$319.77K | USD | Point-in-time |
| Total liabilities and deficit |
LiabilitiesAndStockholdersEquity
|
$130.63K | USD | Point-in-time |
Income Statement
36 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenue |
Revenues
|
$14.20K | USD | 1 Quarter |
| Revenue |
Revenues
|
$11.30K | USD | 1 Quarter |
| Cost of revenue |
CostOfRevenue
|
$4.90K | USD | 1 Quarter |
| Cost of revenue |
CostOfRevenue
|
$7.30K | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$4.00K | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$9.29K | USD | 1 Quarter |
| Advertising and promotion |
MarketingAndAdvertisingExpense
|
$1.33K | USD | 1 Quarter |
| Interest 9 |
InterestExpense
|
$2.46K | USD | 1 Quarter |
| Interest 9 |
InterestExpense
|
$3.59K | USD | 1 Quarter |
| Office and general |
SellingGeneralAndAdministrativeExpense
|
$8.13K | USD | 1 Quarter |
| Office and general |
SellingGeneralAndAdministrativeExpense
|
$5.55K | USD | 1 Quarter |
| Rent |
Rent
|
$3.68K | USD | 1 Quarter |
| Rent |
Rent
|
$3.27K | USD | 1 Quarter |
| Salaries and fees |
SalariesAndFees
|
$156.26K | USD | 1 Quarter |
| Salaries and fees |
SalariesAndFees
|
$1.21K | USD | 1 Quarter |
| Travel |
Travel
|
$5.16K | USD | 1 Quarter |
| Travel |
Travel
|
$2.19K | USD | 1 Quarter |
| Depreciation and amortization 6, 7 |
DepreciationAndAmortization
|
$5.09K | USD | 1 Quarter |
| Depreciation and amortization 6, 7 |
DepreciationAndAmortization
|
$564.00 | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$683.00 | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$1.81K | USD | 1 Quarter |
| Stock-based compensation 12 |
ShareBasedCompensation
|
$148.12K | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$11.51K | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$55.35K | USD | 1 Quarter |
| Total operating expenses |
CostsAndExpenses
|
$387.00K | USD | 1 Quarter |
| Total operating expenses |
CostsAndExpenses
|
$28.99K | USD | 1 Quarter |
| OperatingExpenses |
OperatingExpenses
|
$382.99K | USD | 1 Quarter |
| OperatingExpenses |
OperatingExpenses
|
$19.69K | USD | 1 Quarter |
| Loss on foreign exchange |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-1.40K | USD | 1 Quarter |
| Loss on foreign exchange |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-2.85K | USD | 1 Quarter |
| Net loss and comprehensive loss for the period |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
$-384.39K | USD | 1 Quarter |
| Net loss and comprehensive loss for the period |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
$-22.54K | USD | 1 Quarter |
| Net loss per share - Basic and diluted (in Dollars per share) |
EarningsPerShareBasic
|
$-0.01 | USD | 1 Quarter |
| Net loss per share - Basic and diluted (in Dollars per share) |
EarningsPerShareBasic
|
- | USD | 1 Quarter |
| Weighted average number of shares outstanding - Basic and diluted (in Shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
56.43M | shares | 1 Quarter |
| Weighted average number of shares outstanding - Basic and diluted (in Shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
69.33M | shares | 1 Quarter |
Cash Flow Statement
34 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net loss for the period |
NetIncomeLoss
|
$-22.54K | USD | 1 Quarter |
| Net loss for the period |
NetIncomeLoss
|
$-384.39K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$5.09K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$564.00 | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$148.12K | USD | 1 Quarter |
| Accrued interest on shareholder loans |
IncreaseDecreaseInInterestPayableNet
|
$1.57K | USD | 1 Quarter |
| Accrued interest on shareholder loans |
IncreaseDecreaseInInterestPayableNet
|
$2.50K | USD | 1 Quarter |
| Changes in accounts receivable |
IncreaseDecreaseInAccountsAndNotesReceivable
|
$-667.00 | USD | 1 Quarter |
| Changes in accounts receivable |
IncreaseDecreaseInAccountsAndNotesReceivable
|
$-230.00 | USD | 1 Quarter |
| Change in inventory |
IncreaseDecreaseInInventories
|
$4.40K | USD | 1 Quarter |
| Change in inventory |
IncreaseDecreaseInInventories
|
$5.98K | USD | 1 Quarter |
| Changes in prepaid expenses |
IncreaseDecreaseInPrepaidExpense
|
$5.02K | USD | 1 Quarter |
| Changes in prepaid expenses |
IncreaseDecreaseInPrepaidExpense
|
$-338.00 | USD | 1 Quarter |
| Changes in accounts payable and accrued liabilities and other taxes payable |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$26.62K | USD | 1 Quarter |
| Changes in accounts payable and accrued liabilities and other taxes payable |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$24.43K | USD | 1 Quarter |
| Changes in deferred revenue |
IncreaseDecreaseInDeferredPolicyAcquisitionCosts
|
$-4.19K | USD | 1 Quarter |
| Changes in deferred revenue |
IncreaseDecreaseInDeferredPolicyAcquisitionCosts
|
$-4.83K | USD | 1 Quarter |
| Net cash flows (used in) generated by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-196.55K | USD | 1 Quarter |
| Net cash flows (used in) generated by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$3.67K | USD | 1 Quarter |
| Purchase of equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$5.00K | USD | 1 Quarter |
| Net cash flows used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-5.00K | USD | 1 Quarter |
| Proceeds from common shares to be issued |
ProceedsFromIssuanceOfCommonStock
|
$270.00K | USD | 1 Quarter |
| Related party loans and advances |
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
|
$-60.37K | USD | 1 Quarter |
| Net cash flows generated by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$330.37K | USD | 1 Quarter |
| Net increase in cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$3.67K | USD | 1 Quarter |
| Net increase in cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$128.82K | USD | 1 Quarter |
| Cash (bank overdraft), beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$3.48K | 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 (bank overdraft), beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$137.42K | USD | Point-in-time |
| Cash, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$3.48K | 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 |
| Cash, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$137.42K | USD | Point-in-time |
Stockholders Equity
10 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Balance |
StockholdersEquity
|
$-140.47K | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$-179.02K | USD | Point-in-time |
| Issuance of warrants |
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
$148.12K | USD | 1 Quarter |
| Issuance of warrants |
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
$27.00 | USD | Annual |
| Reverse acquisition by Papernuts Canada |
TreasuryStockValueAcquiredCostMethod
|
$-72.28K | USD | 1 Quarter |
| Proceeds of share subscriptions collected |
StockIssuedDuringPeriodValueNewIssues
|
$270.00K | USD | 1 Quarter |
| Net (loss) for the period |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
$-384.39K | USD | 1 Quarter |
| Net (loss) for the period |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
$-22.54K | USD | 1 Quarter |
| Balance |
StockholdersEquity
|
$-140.47K | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$-179.02K | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.