10-K/A Filing

EXEO ENTERTAINMENT, INC. CIK: 1528760 FY 2016

Filing Information

Form Type	10-K/A
Accession Number	`0001654954-17-002720`
Period End Date	20161130
Filing Date	20170329
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	exeo-20161130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 38 Cash Flow Statement 52 Stockholders Equity 23

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$427.66K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$131.00K	USD	Point-in-time
Inventory	`InventoryNet`	$227.09K	USD	Point-in-time
Inventory	`InventoryNet`	$231.61K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseAndOtherAssets`	$51.87K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseAndOtherAssets`	$1.84K	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$409.95K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$661.11K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$64.94K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$92.95K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$474.90K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$754.07K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableCurrent`	$33.04K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableCurrent`	$20.33K	USD	Point-in-time
Accrued interest payable - related party	`InterestPayableCurrent`	$14.14K	USD	Point-in-time
Accrued interest payable - related party	`InterestPayableCurrent`	$9.55K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Payroll liabilities	`EmployeeRelatedLiabilitiesCurrent`	$113.75K	USD	Point-in-time
Payroll liabilities	`EmployeeRelatedLiabilitiesCurrent`	$88.90K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	100.00M	shares	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`	$273.71K	USD	Point-in-time
Royalty payable	`RoyaltyPayable`	$523.03K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	24.76M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	24.26M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	24.76M	shares	Point-in-time
Notes payable	`DebtCurrent`	$10.10K	USD	Point-in-time
Notes payable	`DebtCurrent`	$9.31K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	24.26M	shares	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$768.28K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$477.59K	USD	Point-in-time
Note payable	`OtherLiabilitiesNoncurrent`	$41.86K	USD	Point-in-time
Note payable	`OtherLiabilitiesNoncurrent`	$29.84K	USD	Point-in-time
Total long-term liabilities	`LongTermDebtAndCapitalLeaseObligations`	$41.86K	USD	Point-in-time
Total long-term liabilities	`LongTermDebtAndCapitalLeaseObligations`	$29.84K	USD	Point-in-time
Total Liabilities	`Liabilities`	$519.46K	USD	Point-in-time
Total Liabilities	`Liabilities`	$798.12K	USD	Point-in-time
Series A redeemable convertible preferred stock; $0.0001 par value, 1,000,000 shares authorized; 19,500 shares issued and outstanding; 0 shares unissued as of November 30, 2016 (liquidation preference of $65,683). Stated at redemption value	`ConvertiblePreferredStockNonredeemableOrRedeemableIssuerOptionValue`	$134.11K	USD	Point-in-time
Series A redeemable convertible preferred stock; $0.0001 par value, 1,000,000 shares authorized; 19,500 shares issued and outstanding; 0 shares unissued as of November 30, 2016 (liquidation preference of $65,683). Stated at redemption value	`ConvertiblePreferredStockNonredeemableOrRedeemableIssuerOptionValue`	$119.49K	USD	Point-in-time
Series B redeemable convertible preferred stock; $0.0001 par value, 1,000,000 shares authorized; 246,690 and 201,640 shares issued and outstanding; 0 and 5,000 shares unissued as of November 30, 2016 and 2015 (liquidation preference of $506,325). Stated at redemption value.	`SeriesBConvertiblePreferredStockNonredeemableOrRedeemableIssuerOptionValue`	$1.43M	USD	Point-in-time
Series B redeemable convertible preferred stock; $0.0001 par value, 1,000,000 shares authorized; 246,690 and 201,640 shares issued and outstanding; 0 and 5,000 shares unissued as of November 30, 2016 and 2015 (liquidation preference of $506,325). Stated at redemption value.	`SeriesBConvertiblePreferredStockNonredeemableOrRedeemableIssuerOptionValue`	$1.09M	USD	Point-in-time
Convertible Preferred Stock Series A - 15%, $0.0001 par value, 1,000,000 shares authorized, 19,500 and 19,500 shares issued, respectively	`PreferredStockValue`	-	USD	Point-in-time
Convertible Preferred Stock Series A - 15%, $0.0001 par value, 1,000,000 shares authorized, 19,500 and 19,500 shares issued, respectively	`PreferredStockValue`	-	USD	Point-in-time
Convertible Preferred Stock Series B - 15%, $0.0001 par value, 1,000,000 shares authorized, 246,690 and 61,500 shares issued, respectively	`PreferredStockSeriesB`	-	USD	Point-in-time
Convertible Preferred Stock Series B - 15%, $0.0001 par value, 1,000,000 shares authorized, 246,690 and 61,500 shares issued, respectively	`PreferredStockSeriesB`	-	USD	Point-in-time
Common stock - $0.0001 par value, 100,000,000 shares authorized; 24,764,129 and 24,255,231 shares issued and outstanding, respectively.	`CommonStockValueOutstanding`	$2.48K	USD	Point-in-time
Common stock - $0.0001 par value, 100,000,000 shares authorized; 24,764,129 and 24,255,231 shares issued and outstanding, respectively.	`CommonStockValueOutstanding`	$2.42K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$3.14M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$3.71M	USD	Point-in-time
Stock payable	`PreferredStockRedemptionAmount`	$112.50K	USD	Point-in-time
Stock payable	`PreferredStockRedemptionAmount`	$100.00K	USD	Point-in-time
Deficit accumulated	`RetainedEarningsAccumulatedDeficit`	$-5.71M	USD	Point-in-time
Deficit accumulated	`RetainedEarningsAccumulatedDeficit`	$-4.21M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.89M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-972.78K	USD	Point-in-time
TOTAL LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$754.07K	USD	Point-in-time
TOTAL LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$474.90K	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`SalesRevenueGoodsNet`	$27.25K	USD	Annual
REVENUES	`SalesRevenueGoodsNet`	$28.77K	USD	Annual
Cost of direct materials, shipping and labor	`CostOfGoodsSold`	$-19.99K	USD	Annual
Cost of direct materials, shipping and labor	`CostOfGoodsSold`	$-11.05K	USD	Annual
GROSS PROFIT	`GrossProfit`	$8.77K	USD	Annual
GROSS PROFIT	`GrossProfit`	$16.19K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$787.08K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$793.53K	USD	Annual
Executive compensation	`CompensationOfficersDirectors`	$343.11K	USD	Annual
Executive compensation	`CompensationOfficersDirectors`	$362.63K	USD	Annual
Professional fees	`ProfessionalFees`	$173.95K	USD	Annual
Professional fees	`ProfessionalFees`	$176.95K	USD	Annual
Depreciation	`Depreciation`	$31.94K	USD	Annual
Depreciation	`Depreciation`	$29.71K	USD	Annual
TOTAL OPERATING INCOME (EXPENSES)	`CostsAndExpenses`	$1.36M	USD	Annual
TOTAL OPERATING INCOME (EXPENSES)	`CostsAndExpenses`	$1.34M	USD	Annual
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-1.32M	USD	Annual
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-1.35M	USD	Annual
Gain (loss) from foreign currency transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$8.94K	USD	Annual
Gain (loss) from foreign currency transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$22.03K	USD	Annual
Other loss	`OtherNonoperatingGainsLosses`	$-9.69K	USD	Annual
Other loss	`OtherNonoperatingGainsLosses`	$312.00	USD	Annual
Interest expense - related party	`InterestExpenseRelatedParty`	$4.59K	USD	Annual
Interest expense - related party	`InterestExpenseRelatedParty`	$4.70K	USD	Annual
Interest expense	`InterestExpense`	$1.39K	USD	Annual
Interest expense	`InterestExpense`	$968.00	USD	Annual
TOTAL OTHER INCOME (EXPENSES)	`OtherNonoperatingIncomeExpense`	$3.28K	USD	Annual
TOTAL OTHER INCOME (EXPENSES)	`OtherNonoperatingIncomeExpense`	$6.67K	USD	Annual
NET INCOME (LOSS)	`NetIncomeLoss`	$-1.32M	USD	Annual
NET INCOME (LOSS)	`NetIncomeLoss`	$-1.35M	USD	Annual
DIVIDEND OF REDEEMABLE PREFERRED STOCK	`RedeemablePreferredStockDividends`	$157.88K	USD	Annual
DIVIDEND OF REDEEMABLE PREFERRED STOCK	`RedeemablePreferredStockDividends`	$68.61K	USD	Annual
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.50M	USD	Annual
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.39M	USD	Annual
NET INCOME (LOSS) PER SHARE: BASIC	`EarningsPerShareBasic`	$-0.06	USD	Annual
NET INCOME (LOSS) PER SHARE: BASIC	`EarningsPerShareBasic`	$-0.05	USD	Annual
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	24.37M	shares	Annual
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	24.15M	shares	Annual

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.32M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.35M	USD	Annual
Depreciation	`DepreciationDepletionAndAmortization`	$31.94K	USD	Annual
Depreciation	`DepreciationDepletionAndAmortization`	$29.71K	USD	Annual
Stock-based compensation to officers	`ShareBasedCompensation`	$200.00K	USD	Annual
Stock-based compensation to officers	`ShareBasedCompensation`	$200.00K	USD	Annual
Shares issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	-	USD	Annual
Shares issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$-91.70K	USD	Annual
Decrease (Increase) in pre-paid expenses	`IncreaseDecreaseInPrepaidExpense`	$50.03K	USD	Annual
Decrease (Increase) in pre-paid expenses	`IncreaseDecreaseInPrepaidExpense`	$1.84K	USD	Annual
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	Annual
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-110.00	USD	Annual
Decrease (Increase) in inventory	`IncreaseDecreaseInInventories`	$-4.53K	USD	Annual
Decrease (Increase) in inventory	`IncreaseDecreaseInInventories`	$216.65K	USD	Annual
Decrease (Increase) in accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$12.72K	USD	Annual
Decrease (Increase) in accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-18.18K	USD	Annual
Decrease in accrued interest - related party	`IncreaseDecreaseInNotesPayableRelatedParties`	$4.70K	USD	Annual
Decrease in accrued interest - related party	`IncreaseDecreaseInNotesPayableRelatedParties`	$4.59K	USD	Annual
Increase in payroll liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$24.85K	USD	Annual
Increase in payroll liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$22.71K	USD	Annual
Increase in royalty payable	`IncreaseDecreaseInRoyaltiesPayable`	$249.32K	USD	Annual
Increase in royalty payable	`IncreaseDecreaseInRoyaltiesPayable`	$239.56K	USD	Annual
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-965.61K	USD	Annual
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-868.63K	USD	Annual
Acquisition of property and equipment	`PaymentsToAcquireProductiveAssets`	$40.70K	USD	Annual
Acquisition of property and equipment	`PaymentsToAcquireProductiveAssets`	$3.93K	USD	Annual
Cash Flows Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-3.93K	USD	Annual
Cash Flows Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-40.70K	USD	Annual
Proceeds from issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$104.65K	USD	Annual
Proceeds from issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$388.46K	USD	Annual
Proceeds from issuance of preferred stock, net of issuance costs	`ProceedsFromIssuanceOfConvertiblePreferredStock`	$200.25K	USD	Annual
Proceeds from issuance of preferred stock, net of issuance costs	`ProceedsFromIssuanceOfConvertiblePreferredStock`	$979.69K	USD	Annual
Proceeds from related party debt	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	Annual
Proceeds from related party debt	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	Annual
Payments on related party debt	`RepaymentsOfRelatedPartyDebt`	-	USD	Annual
Payments on related party debt	`RepaymentsOfRelatedPartyDebt`	$10.00K	USD	Annual
Payments on notes payable - auto loan (principal)	`ProceedsFromRepaymentsOfSecuredDebt`	$32.96K	USD	Annual
Payments on notes payable - auto loan (principal)	`ProceedsFromRepaymentsOfSecuredDebt`	$-12.81K	USD	Annual
Cash Flows Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$575.90K	USD	Annual
Cash Flows Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.11M	USD	Annual
Net increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$100.98K	USD	Annual
Net increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-296.66K	USD	Annual
Cash and cash equivalents, beginning of the year	`Cash`	$427.66K	USD	Point-in-time
Cash and cash equivalents, beginning of the year	`Cash`	$326.68K	USD	Point-in-time
Cash and cash equivalents, beginning of the year	`Cash`	$131.00K	USD	Point-in-time
Cash and cash equivalents, end of the year	`Cash`	$427.66K	USD	Point-in-time
Cash and cash equivalents, end of the year	`Cash`	$326.68K	USD	Point-in-time
Cash and cash equivalents, end of the year	`Cash`	$131.00K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$1.39K	USD	Annual
Cash paid for interest	`InterestPaid`	$3.61K	USD	Annual
Dividend of redeemable preferred stock	`RedeemablePreferredStockDividends`	$157.88K	USD	Annual
Dividend of redeemable preferred stock	`RedeemablePreferredStockDividends`	$68.61K	USD	Annual

Stockholders Equity 23 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, amount	`StockholdersEquity`	$1.89M	USD	Point-in-time
Beginning Balance, amount	`StockholdersEquity`	$-972.78K	USD	Point-in-time
Beginning Balance, amount	`StockholdersEquity`	$16.91K	USD	Point-in-time
Beginning Balance, shares	`CommonStockSharesOutstanding`	24.76M	shares	Point-in-time
Beginning Balance, shares	`CommonStockSharesOutstanding`	24.26M	shares	Point-in-time
Shares issued for cash, amount	`SharesIssuedForCashAmount`	$314.90K	USD	Annual
Shares issued for services, amount	`StockIssuedDuringPeriodValueIssuedForServices`	-	USD	Annual
Shares issued for services, amount	`StockIssuedDuringPeriodValueIssuedForServices`	$-91.70K	USD	Annual
Shares issued for services, shares	`StockIssuedDuringPeriodSharesIssuedForServices`	91,705.00	shares	Annual
Contributed capital	`ProceedsFromContributedCapital`	$8.05K	USD	Annual
Cash received for sale of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	$75.00K	USD	Annual
Cash received for sale of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	$100.00K	USD	Annual
Stock options granted to officers	`StockOptionsGrantedToOfficers`	$200.00K	USD	Annual
Imputed interest on payable	`ImputedInterestOnPayable`	$200.00K	USD	Annual
Equity issuance costs	`PaymentsOfStockIssuanceCosts`	$-1.45K	USD	Annual
Equity issuance costs	`PaymentsOfStockIssuanceCosts`	$-3.40K	USD	Annual
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.50M	USD	Annual
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.39M	USD	Annual
Ending Balance, amount	`StockholdersEquity`	$1.89M	USD	Point-in-time
Ending Balance, amount	`StockholdersEquity`	$-972.78K	USD	Point-in-time
Ending Balance, amount	`StockholdersEquity`	$16.91K	USD	Point-in-time
Ending Balance, shares	`CommonStockSharesOutstanding`	24.76M	shares	Point-in-time
Ending Balance, shares	`CommonStockSharesOutstanding`	24.26M	shares	Point-in-time

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