10-Q Filing

EXEO ENTERTAINMENT, INC. CIK: 1528760 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001654954-19-004659`
Period End Date	20190228
Filing Date	20190422
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	exeo-20190228.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 36 Cash Flow Statement 48 Stockholders Equity 8

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$104.48K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$220.72K	USD	Point-in-time
Inventory	`InventoryNet`	$39.46K	USD	Point-in-time
Inventory	`InventoryNet`	$38.31K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$161.25K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$138.85K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$186.00	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$186.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$282.98K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$420.46K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$28.58K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$62.62K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$483.08K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$311.55K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableCurrent`	$47.27K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableCurrent`	$44.11K	USD	Point-in-time
Accrued interest payable - related party	`InterestPayableCurrent`	$23.44K	USD	Point-in-time
Accrued interest payable - related party	`InterestPayableCurrent`	$24.58K	USD	Point-in-time
Payroll liabilities	`EmployeeRelatedLiabilitiesCurrent`	$167.02K	USD	Point-in-time
Payroll liabilities	`EmployeeRelatedLiabilitiesCurrent`	$161.84K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	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, 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
Common stock, issued	`CommonStockSharesIssued`	27.45M	shares	Point-in-time
Royalty payable	`AccruedRoyaltiesCurrent`	$1.13M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	26.70M	shares	Point-in-time
Royalty payable	`AccruedRoyaltiesCurrent`	$1.22M	USD	Point-in-time
Notes payable	`DebtCurrent`	$9.31K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	27.45M	shares	Point-in-time
Notes payable	`DebtCurrent`	$9.31K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	26.70M	shares	Point-in-time
Treasury stock, Series B Preferred Stock	`TreasuryStockPreferredShares`	2,500.00	shares	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.44M	USD	Point-in-time
Treasury stock, Series B Preferred Stock	`TreasuryStockPreferredShares`	2,500.00	shares	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.54M	USD	Point-in-time
Notes payable	`OtherLiabilitiesNoncurrent`	$8.40K	USD	Point-in-time
Notes payable	`OtherLiabilitiesNoncurrent`	$10.85K	USD	Point-in-time
Total long-term liabilities	`LongTermDebtAndCapitalLeaseObligations`	$8.40K	USD	Point-in-time
Total long-term liabilities	`LongTermDebtAndCapitalLeaseObligations`	$10.85K	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.45M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.55M	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, 2019 and November 30, 2018 (liquidation preference of $98,769 and $95,213, respectively). Stated at redemption value.	`PreferredStockValue1`	$163.36K	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, 2019 and November 30, 2018 (liquidation preference of $98,769 and $95,213, respectively). Stated at redemption value.	`PreferredStockValue1`	$167.02K	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, 2019 and November 30, 2018 (liquidation preference of $836,731 and $799,853, respectively). Stated at redemption value, net of Treasury Stock (2,500 shares)	`PreferredStockSeriesB1`	$1.76M	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, 2019 and November 30, 2018 (liquidation preference of $836,731 and $799,853, respectively). Stated at redemption value, net of Treasury Stock (2,500 shares)	`PreferredStockSeriesB1`	$1.73M	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, 244,190 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, 244,190 and 246,690 shares issued, respectively	`PreferredStockSeriesB`	-	USD	Point-in-time
Common stock - $0.0001 par value, 100,000,000 shares authorized; 27,449,098 and 26,697,109 shares issued and outstanding, respectively	`CommonStockValueOutstanding`	$2.67K	USD	Point-in-time
Common stock - $0.0001 par value, 100,000,000 shares authorized; 27,449,098 and 26,697,109 shares issued and outstanding, respectively	`CommonStockValueOutstanding`	$2.75K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$5.68M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$5.14M	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`	$426.00K	USD	Point-in-time
Stock Payable	`StockPayable`	$320.00K	USD	Point-in-time
Deficit accumulated	`RetainedEarningsAccumulatedDeficit`	$-8.99M	USD	Point-in-time
Deficit accumulated	`RetainedEarningsAccumulatedDeficit`	$-8.58M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.03M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.99M	USD	Point-in-time
TOTAL LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$311.55K	USD	Point-in-time
TOTAL LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$483.08K	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	$2.77K	USD	1 Quarter
REVENUES	`Revenues`	$750.00	USD	1 Quarter
Cost of direct materials, shipping and labor	`CostOfGoodsAndServicesSold`	$1.68K	USD	1 Quarter
Cost of direct materials, shipping and labor	`CostOfGoodsAndServicesSold`	$2.09K	USD	1 Quarter
GROSS PROFIT (LOSS)	`GrossProfit`	$-1.34K	USD	1 Quarter
GROSS PROFIT (LOSS)	`GrossProfit`	$1.09K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$291.53K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$163.80K	USD	1 Quarter
Executive compensation	`LaborAndRelatedExpense`	$40.61K	USD	1 Quarter
Executive compensation	`LaborAndRelatedExpense`	$33.84K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$17.62K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$60.07K	USD	1 Quarter
Depreciation	`Depreciation`	$4.96K	USD	1 Quarter
Depreciation	`Depreciation`	$3.95K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`CostsAndExpenses`	$347.95K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`CostsAndExpenses`	$268.43K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-349.29K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-267.34K	USD	1 Quarter
Loss from foreign currency transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$-7.27K	USD	1 Quarter
Loss from foreign currency transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$-12.05K	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`	$147.00	USD	1 Quarter
TOTAL OTHER EXPENSES	`NonoperatingIncomeExpense`	$-8.64K	USD	1 Quarter
TOTAL OTHER EXPENSES	`NonoperatingIncomeExpense`	$-13.34K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-275.98K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-362.63K	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`	$-403.29K	USD	1 Quarter
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-316.64K	USD	1 Quarter
NET LOSS PER SHARE: BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
NET LOSS PER SHARE: BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	27.33M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	25.61M	shares	1 Quarter

Cash Flow Statement 48 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`	$-362.63K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$3.95K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$4.96K	USD	1 Quarter
Decrease (Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$22.40K	USD	1 Quarter
Decrease (Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-28.00K	USD	1 Quarter
Decrease (Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$186.00	USD	1 Quarter
Decrease (Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Decrease (Increase) in inventory	`IncreaseDecreaseInInventories`	$-1.15K	USD	1 Quarter
Decrease (Increase) in inventory	`IncreaseDecreaseInInventories`	$-5.03K	USD	1 Quarter
(Decrease) Increase in accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-12.77K	USD	1 Quarter
(Decrease) Increase in accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$3.16K	USD	1 Quarter
Decrease in accrued interest - related party	`IncreaseDecreaseInFinanceReceivables`	$-1.15K	USD	1 Quarter
Decrease in accrued interest - related party	`IncreaseDecreaseInFinanceReceivables`	$-1.15K	USD	1 Quarter
Increase in payroll liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$6.91K	USD	1 Quarter
Increase in payroll liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$5.18K	USD	1 Quarter
Increase in royalty payable	`IncreaseDecreaseInRoyaltiesPayable`	$86.98K	USD	1 Quarter
Increase in royalty payable	`IncreaseDecreaseInRoyaltiesPayable`	$87.12K	USD	1 Quarter
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-156.92K	USD	1 Quarter
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-282.31K	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$39.00K	USD	1 Quarter
Cash Flows Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-39.00K	USD	1 Quarter
Cash Flows Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Proceeds from issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$172.50K	USD	1 Quarter
Proceeds from issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$440.00K	USD	1 Quarter
Payments on notes payable - auto loan (principal)	`RepaymentsOfNotesPayable`	$2.38K	USD	1 Quarter
Payments on notes payable - auto loan (principal)	`RepaymentsOfNotesPayable`	$2.45K	USD	1 Quarter
Cash Flows Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$170.12K	USD	1 Quarter
Cash Flows Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$437.55K	USD	1 Quarter
Net increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$116.23K	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`	$220.72K	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`Cash`	$104.48K	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`	$220.72K	USD	Point-in-time
Cash and cash equivalents, end of the period	`Cash`	$104.48K	USD	Point-in-time
Cash and cash equivalents, end of the period	`Cash`	$152.02K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Dividend of redeemable preferred stock	`Dividends`	$40.66K	USD	1 Quarter
Dividend of redeemable preferred stock	`Dividends`	$40.66K	USD	1 Quarter
Foreign currency loss	`ForeignCurrencyTransactionLossBeforeTax`	$12.05K	USD	1 Quarter
Foreign currency loss	`ForeignCurrencyTransactionLossBeforeTax`	$7.27K	USD	1 Quarter

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, amount	`StockholdersEquity`	$-2.99M	USD	Point-in-time
Beginning Balance, amount	`StockholdersEquity`	$-3.03M	USD	Point-in-time
Cash received for sale of common stock, amount	`ProceedsFromIssuanceOrSaleOfEquity`	$440.00K	USD	1 Quarter
Shares issued for services, amount	`StockIssuedDuringPeriodValueIssuedForServices`	$3.00	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-403.29K	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-316.64K	USD	1 Quarter
Ending Balance, amount	`StockholdersEquity`	$-2.99M	USD	Point-in-time
Ending Balance, amount	`StockholdersEquity`	$-3.03M	USD	Point-in-time

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