10-Q Filing

EXEO ENTERTAINMENT, INC. CIK: 1528760 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001654954-18-007723`
Period End Date	20180531
Filing Date	20180716
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	exeo-20180531.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 76 Cash Flow Statement 46

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$139.53K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$81.73K	USD	Point-in-time
Inventory	`InventoryNet`	$64.14K	USD	Point-in-time
Inventory	`InventoryNet`	$59.86K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$57.59K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$125.92K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$186.00	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$329.58K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$199.37K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$29.79K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$37.29K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$366.88K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$229.15K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableCurrent`	$34.74K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableCurrent`	$40.61K	USD	Point-in-time
Accrued interest payable - related party	`InterestPayableCurrent`	$18.79K	USD	Point-in-time
Accrued interest payable - related party	`InterestPayableCurrent`	$21.11K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Payroll liabilities	`EmployeeRelatedLiabilitiesCurrent`	$138.60K	USD	Point-in-time
Payroll liabilities	`EmployeeRelatedLiabilitiesCurrent`	$150.49K	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
Due to related parties	`DueToRelatedPartiesCurrent`	$75.00K	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`	$1.01M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	26.22M	shares	Point-in-time
Royalty payable	`AccruedRoyaltiesCurrent`	$858.14K	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`	$1.14M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.30M	USD	Point-in-time
Notes payable	`OtherLiabilitiesNoncurrent`	$20.48K	USD	Point-in-time
Notes payable	`OtherLiabilitiesNoncurrent`	$15.70K	USD	Point-in-time
Total long-term liabilities	`LongTermDebtAndCapitalLeaseObligations`	$20.48K	USD	Point-in-time
Total long-term liabilities	`LongTermDebtAndCapitalLeaseObligations`	$15.70K	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.16M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.32M	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; 19,500 shares unissued as of May 31, 2018 and November 30, 2017 (liquidation preference of $87,800). Stated at redemption value.	`PreferredStockValue1`	$148.74K	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; 19,500 shares unissued as of May 31, 2018 and November 30, 2017 (liquidation preference of $87,800). Stated at redemption value.	`PreferredStockValue1`	$156.05K	USD	Point-in-time
Series B redeemable convertible preferred stock; $0.0001 par value, 1,000,000 shares authorized; 244,190 and 244,190 shares issued and outstanding; 2,500 shares unissued as of May 31, 2018 and November 30, 2017 (liquidation preference of $725,846). Stated at redemption value, net of Treasury Stock (2,500 shares)	`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 244,190 shares issued and outstanding; 2,500 shares unissued as of May 31, 2018 and November 30, 2017 (liquidation preference of $725,846). Stated at redemption value, net of Treasury Stock (2,500 shares)	`PreferredStockSeriesB1`	$1.65M	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 26,216,646 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 26,216,646 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`	$285.00K	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`	$-7.97M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.52M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.89M	USD	Point-in-time
TOTAL LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$366.88K	USD	Point-in-time
TOTAL LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$229.15K	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	$3.93K	USD	2 Qtrs
REVENUES	`Revenues`	$7.52K	USD	2 Qtrs
REVENUES	`Revenues`	$3.91K	USD	1 Quarter
REVENUES	`Revenues`	$1.16K	USD	1 Quarter
Cost of direct materials, shipping and labor	`CostOfGoodsAndServicesSold`	$5.34K	USD	2 Qtrs
Cost of direct materials, shipping and labor	`CostOfGoodsAndServicesSold`	$20.00	USD	1 Quarter
Cost of direct materials, shipping and labor	`CostOfGoodsAndServicesSold`	$1.70K	USD	2 Qtrs
Cost of direct materials, shipping and labor	`CostOfGoodsAndServicesSold`	$2.90K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$2.18K	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$2.23K	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$1.00K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$1.14K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$372.64K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$212.20K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$325.69K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$161.88K	USD	1 Quarter
Executive compensation	`LaborAndRelatedExpense`	$90.61K	USD	1 Quarter
Executive compensation	`LaborAndRelatedExpense`	$187.47K	USD	2 Qtrs
Executive compensation	`LaborAndRelatedExpense`	$37.09K	USD	1 Quarter
Executive compensation	`LaborAndRelatedExpense`	$77.69K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$103.45K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$11.45K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$43.38K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$29.46K	USD	2 Qtrs
Depreciation	`Depreciation`	$16.27K	USD	2 Qtrs
Depreciation	`Depreciation`	$8.13K	USD	1 Quarter
Depreciation	`Depreciation`	$3.56K	USD	1 Quarter
Depreciation	`Depreciation`	$7.51K	USD	2 Qtrs
TOTAL OPERATING EXPENSES	`CostsAndExpenses`	$322.39K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`CostsAndExpenses`	$245.91K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`CostsAndExpenses`	$514.34K	USD	2 Qtrs
TOTAL OPERATING EXPENSES	`CostsAndExpenses`	$605.83K	USD	2 Qtrs
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-244.77K	USD	1 Quarter
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-512.11K	USD	2 Qtrs
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-321.38K	USD	1 Quarter
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-603.65K	USD	2 Qtrs
Gain (loss) from foreign currency transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$-16.28K	USD	1 Quarter
Gain (loss) from foreign currency transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$12.48K	USD	1 Quarter
Gain (loss) from foreign currency transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$-28.50K	USD	2 Qtrs
Gain (loss) from foreign currency transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$5.20K	USD	2 Qtrs
Loss of service agreement	`GainLossOnServiceAgreement`	-	USD	1 Quarter
Loss of service agreement	`GainLossOnServiceAgreement`	-	USD	2 Qtrs
Loss of service agreement	`GainLossOnServiceAgreement`	-	USD	2 Qtrs
Loss of service agreement	`GainLossOnServiceAgreement`	-	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 - related party	`InterestExpenseRelatedParty`	$1.17K	USD	1 Quarter
Interest expense - related party	`InterestExpenseRelatedParty`	$2.32K	USD	2 Qtrs
Interest expense	`InterestExpense`	$196.00	USD	1 Quarter
Interest expense	`InterestExpense`	$263.00	USD	1 Quarter
Interest expense	`InterestExpense`	$414.00	USD	2 Qtrs
Interest expense	`InterestExpense`	$2.05K	USD	2 Qtrs
TOTAL OTHER INCOME (EXPENSES)	`NonoperatingIncomeExpense`	$-17.71K	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSES)	`NonoperatingIncomeExpense`	$2.47K	USD	2 Qtrs
TOTAL OTHER INCOME (EXPENSES)	`NonoperatingIncomeExpense`	$-32.87K	USD	2 Qtrs
TOTAL OTHER INCOME (EXPENSES)	`NonoperatingIncomeExpense`	$11.11K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-636.52K	USD	2 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$-339.09K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-233.66K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-509.64K	USD	2 Qtrs
DIVIDEND OF REDEEMABLE PREFERRED STOCK	`RedeemablePreferredStockDividends`	$40.66K	USD	1 Quarter
DIVIDEND OF REDEEMABLE PREFERRED STOCK	`RedeemablePreferredStockDividends`	$81.32K	USD	2 Qtrs
DIVIDEND OF REDEEMABLE PREFERRED STOCK	`RedeemablePreferredStockDividends`	$81.32K	USD	2 Qtrs
DIVIDEND OF REDEEMABLE PREFERRED STOCK	`RedeemablePreferredStockDividends`	$40.66K	USD	1 Quarter
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-717.84K	USD	2 Qtrs
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-274.32K	USD	1 Quarter
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-590.96K	USD	2 Qtrs
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-379.75K	USD	1 Quarter
NET LOSS PER SHARE: BASIC	`EarningsPerShareBasic`	$-0.02	USD	1 Quarter
NET LOSS PER SHARE: BASIC	`EarningsPerShareBasic`	$-0.02	USD	2 Qtrs
NET LOSS PER SHARE: BASIC	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
NET LOSS PER SHARE: BASIC	`EarningsPerShareBasic`	$-0.03	USD	2 Qtrs
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	26.29M	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`	26.29M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`NetIncomeLoss`	$-636.52K	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$-339.09K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-233.66K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-509.64K	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$16.27K	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$7.51K	USD	2 Qtrs
Stock-based compensation to officers	`ShareBasedCompensation`	$100.00K	USD	2 Qtrs
Stock-based compensation to officers	`ShareBasedCompensation`	-	USD	2 Qtrs
Decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-68.33K	USD	2 Qtrs
Decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-26.53K	USD	2 Qtrs
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	2 Qtrs
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$186.00	USD	2 Qtrs
Decrease (Increase) in inventory	`IncreaseDecreaseInInventories`	$-4.28K	USD	2 Qtrs
Decrease (Increase) in inventory	`IncreaseDecreaseInInventories`	$31.68K	USD	2 Qtrs
(Decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-15.03K	USD	2 Qtrs
(Decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-5.87K	USD	2 Qtrs
Increase in accrued interest - related party	`IncreaseDecreaseInFinanceReceivables`	$-2.32K	USD	2 Qtrs
Increase in accrued interest - related party	`IncreaseDecreaseInFinanceReceivables`	$-2.32K	USD	2 Qtrs
Increase in payroll liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$11.89K	USD	2 Qtrs
Increase in payroll liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$12.43K	USD	2 Qtrs
Increase in royalty payable	`IncreaseDecreaseInRoyaltiesPayable`	$152.11K	USD	2 Qtrs
Increase in royalty payable	`IncreaseDecreaseInRoyaltiesPayable`	$179.01K	USD	2 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-269.26K	USD	2 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-346.68K	USD	2 Qtrs
Cash Flows Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Cash Flows Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	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`	$216.25K	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
Payments on notes payable - auto loan (principal)	`RepaymentsOfNotesPayable`	$4.78K	USD	2 Qtrs
Payments on notes payable - auto loan (principal)	`RepaymentsOfNotesPayable`	$4.65K	USD	2 Qtrs
Cash Flows Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$401.92K	USD	2 Qtrs
Cash Flows Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$211.47K	USD	2 Qtrs
Net increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$55.24K	USD	2 Qtrs
Net increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-57.79K	USD	2 Qtrs
Cash and cash equivalents, beginning of the period	`Cash`	$139.53K	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`Cash`	$81.73K	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`	$131.00K	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`	$81.73K	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`	$131.00K	USD	Point-in-time
Dividend of redeemable preferred stock	`Dividends`	$81.32K	USD	2 Qtrs
Dividend of redeemable preferred stock	`Dividends`	$81.32K	USD	2 Qtrs

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