Axil Brands, Inc. (AXIL) Financial Statements (2025 and earlier)

Company Profile

Business Address 901 S. FREMONT AVE.
ALHAMBRA, CA 91803
State of Incorp. DE
Fiscal Year End May 31
Industry (SIC) 2844 - Perfumes, Cosmetics, and Other Toilet Preparations (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

8/31/2024
MRQ
5/31/2024
11/30/2023
MRQ
5/31/2023
5/31/2022
5/31/2021
5/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,2545,9624,833374497409
Cash and cash equivalents3,2545,9624,833374497409
Inventory, net of allowances, customer advances and progress billings3,3942,3521,312323491288
Inventory3,3942,3521,312323491288
Other undisclosed current assets1,3192,0221,21810653196
Total current assets:7,96710,3377,3638031,041893
Noncurrent Assets
Operating lease, right-of-use asset377010245  
Property, plant and equipment26121115729  
Intangible assets, net (including goodwill)2,4612,4962,535   
Goodwill2,1522,1522,152   
Intangible assets, net (excluding goodwill)309344383   
Deposits noncurrent assets    16  
Other noncurrent assets     222250
Other undisclosed noncurrent assets2481212   
Total noncurrent assets:3,0082,7892,80691222250
TOTAL ASSETS:10,97413,12610,1698941,2631,143
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,0602,0511,177458459129
Accounts payable9681,92290943643699
Accrued liabilities93128268   
Other undisclosed accounts payable and accrued liabilities    232330
Deferred revenue9051,050827   
Debt14731731568977
Other liabilities333534306   
Due to related parties 25542
Other undisclosed current liabilities35383937267110132
Total current liabilities:2,7984,4772,855707712340
Noncurrent Liabilities
Long-term debt and lease obligation  145  199290
Long-term debt, excluding current maturities  145  152158
Finance lease, liability     47132
Liabilities, other than long-term debt481558643   
Deferred revenue481558606   
Operating lease, liability   37   
Other undisclosed noncurrent liabilities    269
Total noncurrent liabilities:4817026432205299
Total liabilities:3,2795,1793,497709917638
Equity
Equity, attributable to parent7,6967,9476,672185346505
Preferred stock42525   
Common stock11212444
Additional paid in capital7,82510,20410,1025,4725,4505,311
Accumulated deficit(134)(2,294)(3,467)(5,292)(5,109)(4,811)
Total equity:7,6967,9476,672185346505
TOTAL LIABILITIES AND EQUITY:10,97413,12610,1698941,2631,143

Income Statement (P&L) ($ in thousands)

8/31/2024
TTM
5/31/2024
11/30/2023
TTM
5/31/2023
5/31/2022
5/31/2021
5/31/2020
Revenues27,49927,08023,5212,3361,6341,013
Cost of revenue(7,305)(6,785)(5,810)(829)(600)(481)
Cost of goods and services sold(7,305)(3,622)(5,810)(829)(600)(481)
Gross profit:20,19420,29517,7111,5081,034532
Operating expenses(18,691)(18,057)(15,727)(1,719)(1,355)(703)
Other undisclosed operating loss      (0)
Operating income (loss):1,5032,2371,984(211)(321)(171)
Nonoperating income (expense)280183712923(2)
Other nonoperating income23 17   
Interest and debt expense79(5)513529(2)
Income (loss) from continuing operations before equity method investments, income taxes:1,8622,4152,106(148)(268)(175)
Other undisclosed income (loss) from continuing operations before income taxes(79)5(51)(35)(29)2
Income (loss) from continuing operations before income taxes:1,7832,4202,055(183)(298)(173)
Income tax expense (benefit)220(325)(231)   
Income (loss) from continuing operations:2,0032,0951,825(183)(298)(173)
Loss before gain (loss) on sale of properties:(183)(298)(173)
Net income (loss) attributable to parent:2,0032,0951,825(183)(298)(173)
Other undisclosed net income available to common stockholders, basic1,330     
Net income (loss) available to common stockholders, diluted:3,3332,0951,825(183)(298)(173)

Comprehensive Income ($ in thousands)

8/31/2024
TTM
5/31/2024
11/30/2023
TTM
5/31/2023
5/31/2022
5/31/2021
5/31/2020
Net income (loss):2,0032,0951,825(183)(298)(173)
Comprehensive income (loss), net of tax, attributable to parent:2,0032,0951,825(183)(298)(173)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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