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Karbon-X Corp. (KARX) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
1720 54- 5 AVE SW CALGARY, AB T2P 0M2 |
| State of Incorp. | NV |
| 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)
| 2/28/2026 MRQ | 11/30/2025 MRQ | 5/31/2025 | 5/31/2024 | 5/31/2023 | 5/31/2022 | 5/31/2021 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments, including: | 2,675 | 0 | 0 | 0 | |||||
| Cash and cash equivalent | 2,675 | 207 | 477 | 0 | |||||
| Other undisclosed cash, cash equivalents, and short-term investments | (207) | (477) | |||||||
| Receivables | 5,230 | 3,790 | 7 | 46 | 11 | ||||
| Inventory, net of allowances, customer advances and progress billings | 1,493 | 100 | 317 | ||||||
| Inventory | 1,493 | 100 | 317 | ||||||
| Prepaid expense | 265 | 866 | 60 | 180 | 20 | ||||
| Deposits current assets | 1 | 24 | |||||||
| Other current assets | |||||||||
| Other undisclosed current assets | 10,545 | 1,007 | (203) | 207 | 477 | ||||
| Total current assets: | 17,534 | 5,786 | 2,797 | 312 | 668 | 20 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 452 | 503 | 317 | 68 | |||||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 4 | 6 | 7 | 9 | 3 | ||||
| Deferred costs | 523 | ||||||||
| Other noncurrent assets | 57 | ||||||||
| Other undisclosed noncurrent assets | 395 | 485 | 850 | 1,603 | 1 | ||||
| Total noncurrent assets: | 909 | 994 | 1,174 | 2,203 | 4 | ||||
| TOTAL ASSETS: | 18,443 | 6,780 | 3,971 | 2,515 | 672 | 20 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 7,459 | 1,294 | 757 | 70 | 31 | 4 | |||
| Accounts payable | 6,912 | 1,092 | 127 | 70 | 31 | 4 | |||
| Accrued liabilities | 547 | 202 | 630 | ||||||
| Deferred revenue | 2,915 | 3,864 | |||||||
| Debt | 4,070 | 2,302 | 37 | 100 | |||||
| Other liabilities | 96 | 24 | 10 | 3 | |||||
| Due to related parties | ✕ | ✕ | ✕ | ✕ | 81 | ||||
| Other undisclosed current liabilities | 758 | 229 | 22 | 15 | |||||
| Total current liabilities: | 15,299 | 7,689 | 840 | 194 | 34 | 86 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 250 | 55 | |||||||
| Long-term debt, excluding current maturities | 250 | ||||||||
| Finance lease, liability | 55 | ||||||||
| Liabilities, other than long-term debt | 397 | 460 | 303 | ||||||
| Operating lease, liability | 397 | 460 | 303 | ||||||
| Other undisclosed noncurrent liabilities | 4,867 | (0) | |||||||
| Total noncurrent liabilities: | 5,514 | 460 | 303 | 55 | |||||
| Total liabilities: | 20,813 | 8,149 | 1,142 | 250 | 34 | 86 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (2,370) | (1,370) | 2,828 | 2,265 | 638 | (65) | |||
| Common stock | 88 | 82 | 82 | 73 | 68 | 65 | |||
| Additional paid in capital | 13,464 | 10,563 | 7,676 | 2,639 | 787 | (46) | |||
| Accumulated other comprehensive income (loss) | 113 | (23) | 8 | (4) | (13) | ||||
| Accumulated deficit | (16,035) | (11,991) | (4,937) | (2,192) | (204) | (84) | |||
| Other undisclosed equity, attributable to parent | (1) | 1,750 | |||||||
| Other undisclosed equity | 1 | ||||||||
| Total equity: | (2,370) | (1,369) | 2,828 | 2,265 | 638 | (65) | |||
| TOTAL LIABILITIES AND EQUITY: | 18,443 | 6,780 | 3,971 | 2,515 | 672 | 20 | |||
Income Statement (P&L) ($ in thousands)
| 2/28/2026 TTM | 11/30/2025 TTM | 5/31/2025 | 5/31/2024 | 5/31/2023 | 5/31/2022 | 5/31/2021 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 58,379 | 3,164 | 412 | 10 | 239 | |||
| Other operating income | 14,180 | 11,991 | 4,937 | 2,192 | 239 | |||
| Cost of revenue | (55,841) | (2,362) | (356) | (1) | ||||
| Gross profit: | 2,538 | 801 | 56 | 9 | 239 | |||
| Operating expenses | (10,390) | (7,449) | (1,603) | (1,990) | (239) | |||
| Other undisclosed operating loss | (239) | |||||||
| Operating loss: | (7,853) | (6,648) | (1,547) | (1,981) | (239) | |||
| Nonoperating income (expense) | (55) | 6 | (6) | (7) | (31) | |||
| Investment income, nonoperating | (1,192) | 8 | ||||||
| Gain, foreign currency transaction, before tax | 9 | |||||||
| Other nonoperating expense | (36) | |||||||
| Interest and debt expense | (36) | |||||||
| Loss from continuing operations before equity method investments, income taxes: | (7,908) | (6,641) | (1,589) | (1,988) | (239) | (31) | ||
| Other undisclosed loss from continuing operations before income taxes | (1,223) | (412) | (1,156) | |||||
| Loss from continuing operations: | (9,131) | (7,053) | (2,745) | (1,988) | (239) | (31) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | (239) | (31) | |
| Other undisclosed net income | 477 | |||||||
| Net income (loss): | (9,131) | (7,053) | (2,745) | (1,988) | 239 | (31) | ||
| Other undisclosed net loss attributable to parent | (9) | (477) | ||||||
| Net loss available to common stockholders, diluted: | (9,131) | (7,053) | (2,745) | (1,997) | (239) | (31) | ||
Comprehensive Income ($ in thousands)
| 2/28/2026 TTM | 11/30/2025 TTM | 5/31/2025 | 5/31/2024 | 5/31/2023 | 5/31/2022 | 5/31/2021 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (9,131) | (7,053) | (2,745) | (1,988) | 239 | (31) | ||
| Other comprehensive income (loss) | (9) | 13 | ||||||
| Comprehensive income (loss): | (9,131) | (7,053) | (2,745) | (1,997) | 252 | (31) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 198 | (31) | 11 | (503) | ||||
| Comprehensive loss, net of tax, attributable to parent: | (8,934) | (7,084) | (2,733) | (1,997) | (252) | (31) | ||
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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