10-Q Filing

EXEO ENTERTAINMENT, INC. CIK: 1528760 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001654954-17-006485`
Period End Date	20170531
Filing Date	20170717
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	exeo-20170531.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 76 Cash Flow Statement 58

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$186.24K	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`	$258.76K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$51.87K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$25.34K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$410.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$470.34K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$48.68K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$64.94K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$519.02K	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`	$18.02K	USD	Point-in-time
Accrued interest payable - related party	`InterestPayableCurrent`	$16.46K	USD	Point-in-time
Accrued interest payable - related party	`InterestPayableCurrent`	$14.14K	USD	Point-in-time
Payroll liabilities	`EmployeeRelatedLiabilitiesCurrent`	$113.75K	USD	Point-in-time
Payroll liabilities	`EmployeeRelatedLiabilitiesCurrent`	$126.18K	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`	$702.04K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Royalty payable	`AccruedRoyaltiesCurrent`	$523.03K	USD	Point-in-time
Notes payable	`DebtCurrent`	$9.31K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	25.27M	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, outstanding	`CommonStockSharesOutstanding`	24.76M	shares	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$768.28K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$947.01K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	25.27M	shares	Point-in-time
Notes payable	`OtherLiabilitiesNoncurrent`	$25.19K	USD	Point-in-time
Notes payable	`OtherLiabilitiesNoncurrent`	$29.84K	USD	Point-in-time
Total long-term liabilities	`LongTermDebtAndCapitalLeaseObligations`	$25.19K	USD	Point-in-time
Total long-term liabilities	`LongTermDebtAndCapitalLeaseObligations`	$29.84K	USD	Point-in-time
Total Liabilities	`Liabilities`	$972.20K	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 May 2017 and November 2016 (liquidation preference of $73,175). 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 May 2017 and November 2016 (liquidation preference of $73,175). Stated at redemption value.	`PreferredStockValue1`	$141.42K	USD	Point-in-time
Series B redeemable convertible preferred stock; $0.0001 par value, 1,000,000 shares authorized; 244,190 and 246,690 shares issued and outstanding; 2,500 shares unissued as of May 2017 and November 2016 (liquidation preference of $557,832). Stated at redemption value.	`PreferredStockSeriesB1`	$1.50M	USD	Point-in-time
Series B redeemable convertible preferred stock; $0.0001 par value, 1,000,000 shares authorized; 244,190 and 246,690 shares issued and outstanding; 2,500 shares unissued as of May 2017 and November 2016 (liquidation preference of $557,832). Stated at redemption value.	`PreferredStockSeriesB1`	$1.43M	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, 246,690 and 246,690 shares issued, respectively	`PreferredStockSeriesB`	-	USD	Point-in-time
Convertible Preferred Stock Series B - 12%, $0.0001 par value, 1,000,000 shares authorized, 246,690 and 246,690 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`	$2.53K	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`	$4.21M	USD	Point-in-time
Treasury stock, Series B Preferred Stock 2,500 shares	`TreasuryStockValue`	$12.50K	USD	Point-in-time
Treasury stock, Series B Preferred Stock 2,500 shares	`TreasuryStockValue`	-	USD	Point-in-time
Stock Payable	`StockPayable`	$135.00K	USD	Point-in-time
Stock Payable	`StockPayable`	$112.50K	USD	Point-in-time
Deficit accumulated	`RetainedEarningsAccumulatedDeficit`	$-5.71M	USD	Point-in-time
Deficit accumulated	`RetainedEarningsAccumulatedDeficit`	$-6.43M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.89M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.10M	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`	$519.02K	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	$3.91K	USD	1 Quarter
REVENUES	`Revenues`	$5.07K	USD	1 Quarter
REVENUES	`Revenues`	$7.52K	USD	2 Qtrs
REVENUES	`Revenues`	$17.62K	USD	2 Qtrs
Cost of direct materials, shipping and labor	`CostOfGoodsSold`	$8.63K	USD	2 Qtrs
Cost of direct materials, shipping and labor	`CostOfGoodsSold`	$3.76K	USD	1 Quarter
Cost of direct materials, shipping and labor	`CostOfGoodsSold`	$2.90K	USD	1 Quarter
Cost of direct materials, shipping and labor	`CostOfGoodsSold`	$5.34K	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$1.31K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$1.00K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$8.98K	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$2.18K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$372.64K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$413.69K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$188.24K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$212.20K	USD	1 Quarter
Executive compensation	`LaborAndRelatedExpense`	$90.61K	USD	1 Quarter
Executive compensation	`LaborAndRelatedExpense`	$187.47K	USD	2 Qtrs
Executive compensation	`LaborAndRelatedExpense`	$90.61K	USD	1 Quarter
Executive compensation	`LaborAndRelatedExpense`	$181.22K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$107.99K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$11.45K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$63.35K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$29.46K	USD	2 Qtrs
Depreciation	`Depreciation`	$7.94K	USD	1 Quarter
Depreciation	`Depreciation`	$8.13K	USD	1 Quarter
Depreciation	`Depreciation`	$16.27K	USD	2 Qtrs
Depreciation	`Depreciation`	$15.87K	USD	2 Qtrs
TOTAL OPERATING EXPENSES	`CostsAndExpenses`	$605.83K	USD	2 Qtrs
TOTAL OPERATING EXPENSES	`CostsAndExpenses`	$322.39K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`CostsAndExpenses`	$350.13K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`CostsAndExpenses`	$718.77K	USD	2 Qtrs
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-603.65K	USD	2 Qtrs
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-321.38K	USD	1 Quarter
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-348.81K	USD	1 Quarter
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-709.78K	USD	2 Qtrs
Gain (loss) from foreign currency transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$-16.28K	USD	1 Quarter
Gain (loss) from foreign currency transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$-28.50K	USD	2 Qtrs
Gain (loss) from foreign currency transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$-12.83K	USD	1 Quarter
Gain (loss) from foreign currency transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$-11.32K	USD	2 Qtrs
Other loss	`OtherIncome`	-	USD	1 Quarter
Other loss	`OtherIncome`	$312.00	USD	2 Qtrs
Other loss	`OtherIncome`	-	USD	1 Quarter
Other loss	`OtherIncome`	-	USD	2 Qtrs
Interest expense - related party	`InterestExpenseRelatedParty`	$2.28K	USD	2 Qtrs
Interest expense - related party	`InterestExpenseRelatedParty`	$1.15K	USD	1 Quarter
Interest expense - related party	`InterestExpenseRelatedParty`	$2.32K	USD	2 Qtrs
Interest expense - related party	`InterestExpenseRelatedParty`	$1.17K	USD	1 Quarter
Interest expense	`InterestExpense`	$263.00	USD	1 Quarter
Interest expense	`InterestExpense`	$764.00	USD	2 Qtrs
Interest expense	`InterestExpense`	$539.00	USD	1 Quarter
Interest expense	`InterestExpense`	$2.05K	USD	2 Qtrs
TOTAL OTHER INCOME (EXPENSES)	`NonoperatingIncomeExpense`	$-14.06K	USD	2 Qtrs
TOTAL OTHER INCOME (EXPENSES)	`NonoperatingIncomeExpense`	$-14.51K	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSES)	`NonoperatingIncomeExpense`	$-17.71K	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSES)	`NonoperatingIncomeExpense`	$-32.87K	USD	2 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$-339.09K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-723.84K	USD	2 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$-636.52K	USD	2 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$-363.33K	USD	1 Quarter
DIVIDEND OF REDEEMABLE PREFERRED STOCK	`RedeemablePreferredStockDividends`	$40.03K	USD	1 Quarter
DIVIDEND OF REDEEMABLE PREFERRED STOCK	`RedeemablePreferredStockDividends`	$81.32K	USD	2 Qtrs
DIVIDEND OF REDEEMABLE PREFERRED STOCK	`RedeemablePreferredStockDividends`	$76.56K	USD	2 Qtrs
DIVIDEND OF REDEEMABLE PREFERRED STOCK	`RedeemablePreferredStockDividends`	$40.66K	USD	1 Quarter
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-800.40K	USD	2 Qtrs
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-403.36K	USD	1 Quarter
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-379.75K	USD	1 Quarter
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-717.84K	USD	2 Qtrs
NET LOSS PER SHARE: BASIC	`EarningsPerShareBasic`	$-0.03	USD	2 Qtrs
NET LOSS PER SHARE: BASIC	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
NET LOSS PER SHARE: BASIC	`EarningsPerShareBasic`	$-0.02	USD	1 Quarter
NET LOSS PER SHARE: BASIC	`EarningsPerShareBasic`	$-0.03	USD	2 Qtrs
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	24.26M	shares	2 Qtrs
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	25.05M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	24.93M	shares	2 Qtrs
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	24.26M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`NetIncomeLoss`	$-339.09K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-723.84K	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$-636.52K	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$-363.33K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$16.27K	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$15.87K	USD	2 Qtrs
Stock-based compensation to officers	`ShareBasedCompensation`	$100.00K	USD	2 Qtrs
Stock-based compensation to officers	`ShareBasedCompensation`	$100.00K	USD	2 Qtrs
Shares issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	-	USD	2 Qtrs
Shares issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	-	USD	2 Qtrs
Decrease (Increase) in pre-paid expenses	`IncreaseDecreaseInPrepaidExpense`	$-26.53K	USD	2 Qtrs
Decrease (Increase) in pre-paid expenses	`IncreaseDecreaseInPrepaidExpense`	$4.90K	USD	2 Qtrs
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	2 Qtrs
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	2 Qtrs
Decrease (Increase) in inventory	`IncreaseDecreaseInInventories`	$-8.38K	USD	2 Qtrs
Decrease (Increase) in inventory	`IncreaseDecreaseInInventories`	$31.68K	USD	2 Qtrs
(Decrease) Increase in accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$13.06K	USD	2 Qtrs
(Decrease) Increase in accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-15.03K	USD	2 Qtrs
Decrease in accrued interest - related party	`IncreaseDecreaseInFinanceReceivables`	$-2.32K	USD	2 Qtrs
Decrease in accrued interest - related party	`IncreaseDecreaseInFinanceReceivables`	$-2.28K	USD	2 Qtrs
Increase in payroll liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$12.43K	USD	2 Qtrs
Increase in payroll liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$12.43K	USD	2 Qtrs
Increase in royalty payable	`IncreaseDecreaseInRoyaltiesPayable`	$110.39K	USD	2 Qtrs
Increase in royalty payable	`IncreaseDecreaseInRoyaltiesPayable`	$179.01K	USD	2 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-466.33K	USD	2 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-346.68K	USD	2 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.50K	USD	2 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	2 Qtrs
Cash Flows Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	-	USD	2 Qtrs
Cash Flows Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-6.50K	USD	2 Qtrs
Proceeds from issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$421.56K	USD	2 Qtrs
Proceeds from issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceeds from issuance of preferred stock, net of issuance costs	`ProceedsFromIssuanceOfConvertiblePreferredStock`	$225.32K	USD	2 Qtrs
Proceeds from issuance of preferred stock, net of issuance costs	`ProceedsFromIssuanceOfConvertiblePreferredStock`	-	USD	2 Qtrs
Repurchase of Series B preferred stock for treasury	`PaymentsForRepurchaseOfPreferredStockAndPreferenceStock`	-	USD	2 Qtrs
Repurchase of Series B preferred stock for treasury	`PaymentsForRepurchaseOfPreferredStockAndPreferenceStock`	$15.00K	USD	2 Qtrs
Proceeds from related party debt	`ProceedsFromRelatedPartyDebt`	-	USD	2 Qtrs
Proceeds from related party debt	`ProceedsFromRelatedPartyDebt`	-	USD	2 Qtrs
Payments to related party debt	`RepaymentsOfRelatedPartyDebt`	-	USD	2 Qtrs
Payments to related party debt	`RepaymentsOfRelatedPartyDebt`	-	USD	2 Qtrs
Payments on notes payable - auto loan (principal)	`ProceedsFromRepaymentsOfSecuredDebt`	$-4.65K	USD	2 Qtrs
Payments on notes payable - auto loan (principal)	`ProceedsFromRepaymentsOfSecuredDebt`	$-8.23K	USD	2 Qtrs
Cash Flows Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$401.92K	USD	2 Qtrs
Cash Flows Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$217.09K	USD	2 Qtrs
Net increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$55.24K	USD	2 Qtrs
Net increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-255.73K	USD	2 Qtrs
Cash and cash equivalents, beginning of the period	`Cash`	$427.66K	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`Cash`	$186.24K	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`Cash`	$171.93K	USD	Point-in-time
Cash and cash equivalents, beginning 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`	$186.24K	USD	Point-in-time
Cash and cash equivalents, end of the period	`Cash`	$171.93K	USD	Point-in-time
Cash and cash equivalents, end of the period	`Cash`	$131.00K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	2 Qtrs
Dividend of redeemable preferred stock	`Dividends`	$81.32K	USD	2 Qtrs
Dividend of redeemable preferred stock	`Dividends`	$76.56K	USD	2 Qtrs

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