10-Q Filing

EXEO ENTERTAINMENT, INC. CIK: 1528760 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001654954-18-003788`
Period End Date	20180228
Filing Date	20180410
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	exeo-20180228.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 38 Cash Flow Statement 42

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$152.02K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$139.53K	USD	Point-in-time
Inventory	`InventoryNet`	$59.11K	USD	Point-in-time
Inventory	`InventoryNet`	$64.14K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$97.92K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$125.92K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$186.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$329.58K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$309.24K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$37.29K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$33.35K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$366.88K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$342.58K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableCurrent`	$27.84K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableCurrent`	$40.61K	USD	Point-in-time
Accrued interest payable - related party	`InterestPayableCurrent`	$19.93K	USD	Point-in-time
Accrued interest payable - related party	`InterestPayableCurrent`	$18.79K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Payroll liabilities	`EmployeeRelatedLiabilitiesCurrent`	$144.82K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Payroll liabilities	`EmployeeRelatedLiabilitiesCurrent`	$138.60K	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
Common stock, issued	`CommonStockSharesIssued`	26.22M	shares	Point-in-time
Royalty payable	`AccruedRoyaltiesCurrent`	$858.14K	USD	Point-in-time
Royalty payable	`AccruedRoyaltiesCurrent`	$945.12K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	26.22M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	26.22M	shares	Point-in-time
Notes payable	`DebtCurrent`	$9.31K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	26.22M	shares	Point-in-time
Notes payable	`DebtCurrent`	$9.31K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.22M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.14M	USD	Point-in-time
Notes payable	`OtherLiabilitiesNoncurrent`	$20.48K	USD	Point-in-time
Notes payable	`OtherLiabilitiesNoncurrent`	$18.10K	USD	Point-in-time
Total long-term liabilities	`LongTermDebtAndCapitalLeaseObligations`	$20.48K	USD	Point-in-time
Total long-term liabilities	`LongTermDebtAndCapitalLeaseObligations`	$18.10K	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.16M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.24M	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 28, 2018 and November 30, 2017 (liquidation preference of $80,487). Stated at redemption value.	`PreferredStockValue1`	$152.39K	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 28, 2018 and November 30, 2017 (liquidation preference of $80,487). Stated at redemption value.	`PreferredStockValue1`	$148.74K	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 February 28, 2018 and November 30, 2017 (liquidation preference of $651,839).	`PreferredStockSeriesB1`	$1.58M	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 February 28, 2018 and November 30, 2017 (liquidation preference of $651,839).	`PreferredStockSeriesB1`	$1.61M	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; 26,216,646 and 24,764,129 shares issued and outstanding, respectively	`CommonStockValueOutstanding`	$2.62K	USD	Point-in-time
Common stock - $0.0001 par value, 100,000,000 shares authorized; 26,216,646 and 24,764,129 shares issued and outstanding, respectively	`CommonStockValueOutstanding`	$2.62K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$4.80M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$4.80M	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`	$12.50K	USD	Point-in-time
Stock Payable	`StockPayable`	$241.25K	USD	Point-in-time
Stock Payable	`StockPayable`	$68.75K	USD	Point-in-time
Deficit accumulated	`RetainedEarningsAccumulatedDeficit`	$-7.37M	USD	Point-in-time
Deficit accumulated	`RetainedEarningsAccumulatedDeficit`	$-7.69M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.52M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.66M	USD	Point-in-time
TOTAL LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$342.58K	USD	Point-in-time
TOTAL LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$366.88K	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	$2.77K	USD	1 Quarter
REVENUES	`Revenues`	$3.61K	USD	1 Quarter
Cost of direct materials, shipping and labor	`CostOfGoodsSold`	$1.68K	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`	$1.09K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$163.80K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$160.44K	USD	1 Quarter
Executive compensation	`LaborAndRelatedExpense`	$96.86K	USD	1 Quarter
Executive compensation	`LaborAndRelatedExpense`	$40.61K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$18.01K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$60.07K	USD	1 Quarter
Depreciation	`Depreciation`	$3.95K	USD	1 Quarter
Depreciation	`Depreciation`	$8.13K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`CostsAndExpenses`	$268.43K	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`	$-267.34K	USD	1 Quarter
Gain from foreign currency transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$-12.22K	USD	1 Quarter
Gain from foreign currency transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$-7.27K	USD	1 Quarter
Loss of service agreement	`GainLossOnServiceAgreement`	-	USD	1 Quarter
Loss of service agreement	`GainLossOnServiceAgreement`	-	USD	1 Quarter
Interest expense - related party	`InterestExpenseRelatedParty`	$1.15K	USD	1 Quarter
Interest expense - related party	`InterestExpenseRelatedParty`	$1.15K	USD	1 Quarter
Interest expense	`InterestExpense`	$218.00	USD	1 Quarter
Interest expense	`InterestExpense`	$1.79K	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSES)	`NonoperatingIncomeExpense`	$-8.64K	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSES)	`NonoperatingIncomeExpense`	$-15.16K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-275.98K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-297.43K	USD	1 Quarter
DIVIDEND OF REDEEMABLE PREFERRED STOCK	`RedeemablePreferredStockDividends`	$40.66K	USD	1 Quarter
DIVIDEND OF REDEEMABLE PREFERRED STOCK	`RedeemablePreferredStockDividends`	$40.66K	USD	1 Quarter
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-338.09K	USD	1 Quarter
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-316.64K	USD	1 Quarter
NET LOSS PER SHARE: BASIC	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
NET LOSS PER SHARE: BASIC	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	24.81M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	25.61M	shares	1 Quarter

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`NetIncomeLoss`	$-275.98K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-297.43K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$8.13K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$3.95K	USD	1 Quarter
Stock-based compensation to officers	`ShareBasedCompensation`	$50.00K	USD	1 Quarter
Stock-based compensation to officers	`ShareBasedCompensation`	-	USD	1 Quarter
Decrease (Increase) in pre-paid expenses	`IncreaseDecreaseInPrepaidExpense`	$-31.87K	USD	1 Quarter
Decrease (Increase) in pre-paid expenses	`IncreaseDecreaseInPrepaidExpense`	$-28.00K	USD	1 Quarter
Decrease (Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Decrease (Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$186.00	USD	1 Quarter
Decrease (Increase) in inventory	`IncreaseDecreaseInInventories`	$39.91K	USD	1 Quarter
Decrease (Increase) in inventory	`IncreaseDecreaseInInventories`	$-5.03K	USD	1 Quarter
(Decrease) Increase in accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-12.61K	USD	1 Quarter
(Decrease) Increase in accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-12.77K	USD	1 Quarter
Increase in accrued interest - related party	`IncreaseDecreaseInFinanceReceivables`	$-1.15K	USD	1 Quarter
Increase in accrued interest - related party	`IncreaseDecreaseInFinanceReceivables`	$-1.15K	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`	$88.50K	USD	1 Quarter
Increase in royalty payable	`IncreaseDecreaseInRoyaltiesPayable`	$86.98K	USD	1 Quarter
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-164.09K	USD	1 Quarter
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-157.62K	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`	$172.50K	USD	1 Quarter
Proceeds from issuance of preferred stock, net of issuance costs	`ProceedsFromIssuanceOfConvertiblePreferredStock`	-	USD	1 Quarter
Proceeds from issuance of preferred stock, net of issuance costs	`ProceedsFromIssuanceOfConvertiblePreferredStock`	$91.00K	USD	1 Quarter
Payments on notes payable - auto loan (principal)	`RepaymentsOfNotesPayable`	$2.38K	USD	1 Quarter
Payments on notes payable - auto loan (principal)	`RepaymentsOfNotesPayable`	$2.31K	USD	1 Quarter
Cash Flows Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$88.69K	USD	1 Quarter
Cash Flows Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$170.12K	USD	1 Quarter
Net increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-75.40K	USD	1 Quarter
Net increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$12.49K	USD	1 Quarter
Cash and cash equivalents, beginning of the period	`Cash`	$139.53K	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`Cash`	$131.00K	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`Cash`	$55.60K	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`Cash`	$152.02K	USD	Point-in-time
Cash and cash equivalents, end of the period	`Cash`	$139.53K	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`	$55.60K	USD	Point-in-time
Cash and cash equivalents, end of the period	`Cash`	$152.02K	USD	Point-in-time
Dividend of redeemable preferred stock	`Dividends`	$40.66K	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.