10-Q Filing

EXEO ENTERTAINMENT, INC. CIK: 1528760 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001654954-17-003476`
Period End Date	20170228
Filing Date	20170419
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	exeo-20170228.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 38 Cash Flow Statement 42

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$131.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$55.60K	USD	Point-in-time
Inventory	`InventoryNet`	$267.00K	USD	Point-in-time
Inventory	`InventoryNet`	$227.09K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$51.87K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$20.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$342.60K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$410.00K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$56.81K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$64.94K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$399.41K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$474.90K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableCurrent`	$33.04K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableCurrent`	$20.43K	USD	Point-in-time
Accrued interest payable - related party	`InterestPayableCurrent`	$14.14K	USD	Point-in-time
Accrued interest payable - related party	`InterestPayableCurrent`	$15.29K	USD	Point-in-time
Payroll liabilities	`EmployeeRelatedLiabilitiesCurrent`	$119.97K	USD	Point-in-time
Payroll liabilities	`EmployeeRelatedLiabilitiesCurrent`	$113.75K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$75.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$75.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Royalty payable	`AccruedRoyaltiesCurrent`	$611.53K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Royalty payable	`AccruedRoyaltiesCurrent`	$523.03K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Notes payable	`DebtCurrent`	$9.31K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	24.76M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	24.89M	shares	Point-in-time
Notes payable	`DebtCurrent`	$9.31K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$768.28K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	24.76M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	24.89M	shares	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$851.53K	USD	Point-in-time
Notes payable	`OtherLiabilitiesNoncurrent`	$29.84K	USD	Point-in-time
Notes payable	`OtherLiabilitiesNoncurrent`	$27.53K	USD	Point-in-time
Total long-term liabilities	`LongTermDebtAndCapitalLeaseObligations`	$27.53K	USD	Point-in-time
Total long-term liabilities	`LongTermDebtAndCapitalLeaseObligations`	$29.84K	USD	Point-in-time
Total Liabilities	`Liabilities`	$879.06K	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 February 2017 and 2016 (liquidation preference of $69,519). Stated at redemption value.	`PreferredStockValue1`	$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 February 2017 and 2016 (liquidation preference of $69,519). Stated at redemption value.	`PreferredStockValue1`	$137.77K	USD	Point-in-time
Series B redeemable convertible preferred stock; $0.0001 par value, 1,000,000 shares authorized; 246,690 and 246,690 shares issued and outstanding; 0 shares unissued as of February 2017 and 2016 (liquidation preference of $543,203). Stated at redemption value.	`PreferredStockSeriesB1`	$1.43M	USD	Point-in-time
Series B redeemable convertible preferred stock; $0.0001 par value, 1,000,000 shares authorized; 246,690 and 246,690 shares issued and outstanding; 0 shares unissued as of February 2017 and 2016 (liquidation preference of $543,203). Stated at redemption value.	`PreferredStockSeriesB1`	$1.47M	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 - 12%, $0.0001 par value, 1,000,000 shares authorized, 225,390 and 2,500 shares issued, respectively	`PreferredStockSeriesB`	-	USD	Point-in-time
Convertible Preferred Stock Series B - 12%, $0.0001 par value, 1,000,000 shares authorized, 225,390 and 2,500 shares issued, respectively	`PreferredStockSeriesB`	-	USD	Point-in-time
Common stock - $0.0001 par value, 100,000,000 shares authorized; 24,892,767 and 24,764,129 shares issued and outstanding, respectively	`CommonStockValueOutstanding`	$2.49K	USD	Point-in-time
Common stock - $0.0001 par value, 100,000,000 shares authorized; 24,892,767 and 24,764,129 shares issued and outstanding, respectively	`CommonStockValueOutstanding`	$2.48K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$3.71M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$3.85M	USD	Point-in-time
Stock Payable	`StockPayable`	$112.50K	USD	Point-in-time
Stock Payable	`StockPayable`	$112.50K	USD	Point-in-time
Deficit accumulated	`RetainedEarningsAccumulatedDeficit`	$-6.05M	USD	Point-in-time
Deficit accumulated	`RetainedEarningsAccumulatedDeficit`	$-5.71M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.09M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.89M	USD	Point-in-time
TOTAL LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$474.90K	USD	Point-in-time
TOTAL LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$399.41K	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	$12.55K	USD	1 Quarter
REVENUES	`Revenues`	$3.61K	USD	1 Quarter
Cost of direct materials, shipping and labor	`CostOfGoodsSold`	$4.88K	USD	1 Quarter
Cost of direct materials, shipping and labor	`CostOfGoodsSold`	$2.43K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$1.18K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$7.67K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$225.46K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$160.44K	USD	1 Quarter
Executive compensation	`LaborAndRelatedExpense`	$96.86K	USD	1 Quarter
Executive compensation	`LaborAndRelatedExpense`	$90.61K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$18.01K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$44.64K	USD	1 Quarter
Depreciation	`Depreciation`	$8.13K	USD	1 Quarter
Depreciation	`Depreciation`	$7.94K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`CostsAndExpenses`	$368.64K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`CostsAndExpenses`	$283.45K	USD	1 Quarter
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-282.27K	USD	1 Quarter
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-360.97K	USD	1 Quarter
Gain (loss) from foreign currency transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$1.50K	USD	1 Quarter
Gain (loss) from foreign currency transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$-12.22K	USD	1 Quarter
Other income	`OtherIncome`	$312.00	USD	1 Quarter
Other income	`OtherIncome`	-	USD	1 Quarter
Interest expense - related party	`InterestExpenseRelatedParty`	$1.15K	USD	1 Quarter
Interest expense - related party	`InterestExpenseRelatedParty`	$1.13K	USD	1 Quarter
Interest expense	`InterestExpense`	$225.00	USD	1 Quarter
Interest expense	`InterestExpense`	$1.79K	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSES)	`NonoperatingIncomeExpense`	$456.00	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSES)	`NonoperatingIncomeExpense`	$-15.16K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-297.43K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-360.51K	USD	1 Quarter
DIVIDEND OF REDEEMABLE PREFERRED STOCK	`RedeemablePreferredStockDividends`	$40.66K	USD	1 Quarter
DIVIDEND OF REDEEMABLE PREFERRED STOCK	`RedeemablePreferredStockDividends`	$36.53K	USD	1 Quarter
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-338.09K	USD	1 Quarter
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-397.04K	USD	1 Quarter
NET LOSS PER SHARE: BASIC	`EarningsPerShareBasic`	$-0.02	USD	1 Quarter
NET LOSS PER SHARE: BASIC	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	24.26M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	24.81M	shares	1 Quarter

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`NetIncomeLoss`	$-297.43K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-360.51K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$7.94K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$8.13K	USD	1 Quarter
Stock-based compensation to officers	`ShareBasedCompensation`	$50.00K	USD	1 Quarter
Stock-based compensation to officers	`ShareBasedCompensation`	$50.00K	USD	1 Quarter
Decrease (Increase) in pre-paid expenses	`IncreaseDecreaseInPrepaidExpense`	$-31.87K	USD	1 Quarter
Decrease (Increase) in pre-paid expenses	`IncreaseDecreaseInPrepaidExpense`	$7.45K	USD	1 Quarter
Decrease (Increase) in inventory	`IncreaseDecreaseInInventories`	$39.91K	USD	1 Quarter
Decrease (Increase) in inventory	`IncreaseDecreaseInInventories`	$-4.82K	USD	1 Quarter
(Decrease) Increase in accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$7.08K	USD	1 Quarter
(Decrease) Increase in accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-12.61K	USD	1 Quarter
Decrease in accrued interest - related party	`IncreaseDecreaseInFinanceReceivables`	$-1.15K	USD	1 Quarter
Decrease in accrued interest - related party	`IncreaseDecreaseInFinanceReceivables`	$-1.13K	USD	1 Quarter
Increase in payroll liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$6.21K	USD	1 Quarter
Increase in payroll liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$6.21K	USD	1 Quarter
Increase in royalty payable	`IncreaseDecreaseInRoyaltiesPayable`	$70.47K	USD	1 Quarter
Increase in royalty payable	`IncreaseDecreaseInRoyaltiesPayable`	$88.50K	USD	1 Quarter
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-220.32K	USD	1 Quarter
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-164.09K	USD	1 Quarter
Proceeds from issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$118.78K	USD	1 Quarter
Proceeds from issuance of preferred stock, net of issuance costs	`ProceedsFromIssuanceOfConvertiblePreferredStock`	$91.00K	USD	1 Quarter
Proceeds from issuance of preferred stock, net of issuance costs	`ProceedsFromIssuanceOfConvertiblePreferredStock`	-	USD	1 Quarter
Payments on notes payable - auto loan (principal)	`ProceedsFromRepaymentsOfSecuredDebt`	$-2.31K	USD	1 Quarter
Payments on notes payable - auto loan (principal)	`ProceedsFromRepaymentsOfSecuredDebt`	$-2.71K	USD	1 Quarter
Cash Flows Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$88.69K	USD	1 Quarter
Cash Flows Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$116.07K	USD	1 Quarter
Net increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-104.25K	USD	1 Quarter
Net increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-75.40K	USD	1 Quarter
Cash and cash equivalents, beginning of the period	`Cash`	$131.00K	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`Cash`	$427.66K	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`Cash`	$323.41K	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`Cash`	$55.60K	USD	Point-in-time
Cash and cash equivalents, end of the period	`Cash`	$131.00K	USD	Point-in-time
Cash and cash equivalents, end of the period	`Cash`	$427.66K	USD	Point-in-time
Cash and cash equivalents, end of the period	`Cash`	$323.41K	USD	Point-in-time
Cash and cash equivalents, end of the period	`Cash`	$55.60K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Dividend of redeemable preferred stock	`Dividends`	$36.53K	USD	1 Quarter
Dividend of redeemable preferred stock	`Dividends`	$40.66K	USD	1 Quarter

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