For the quarter ending 2025-08-31, AXIL has $15,355,888 in assets. $5,162,674 in debts. $4,086,624 in cash and cash equivalents.
| Balance Sheets | 2025-08-31 | 2025-05-31 | ||
|---|---|---|---|---|
| Due from related party | 0 | 222 | ||
| Cash | 4,086,624 | 4,769,854 | ||
| Accounts receivable, net | 2,778,751 | 1,003,945 | ||
| Inventory, net | 3,889,462 | 2,533,658 | ||
| Prepaid expenses and other current assets | 935,679 | 947,969 | ||
| Total current assets | 11,690,516 | 9,255,648 | ||
| Property and equipment, net | 395,857 | 412,261 | ||
| Intangible assets, net | 452,405 | 403,591 | ||
| Right of use asset | 521,993 | 579,121 | ||
| Deferred tax asset | 122,182 | 46,239 | ||
| Other assets | 20,720 | 20,720 | ||
| Goodwill | 2,152,215 | 2,152,215 | ||
| Total other assets | 3,665,372 | 3,614,147 | ||
| Total assets | 15,355,888 | 12,869,795 | ||
| Accounts payable | 2,391,752 | 866,573 | ||
| Customer deposits | 209,942 | 67,412 | ||
| Contract liabilities- current | 755,736 | 757,355 | ||
| Notes payable - current | 3,459 | 3,574 | ||
| Due to related party | 151,269 | 0 | ||
| Lease liability, current | 207,929 | 212,543 | ||
| Income tax liability | 501,370 | 310,369 | ||
| Other current liabilities | 294,394 | 244,998 | ||
| Total current liabilities | 4,515,851 | 2,462,824 | ||
| Lease liability, long term | 352,475 | 404,669 | ||
| Note payable, long term | 135,740 | 136,655 | ||
| Contract liabilities- long term | 158,608 | 205,939 | ||
| Total long term liabilities | 646,823 | 747,263 | ||
| Total liabilities | 5,162,674 | 3,210,087 | ||
| Preferred stock, 0.0001 par value 28,000,000shares authorized 27,773,500 shares issued and outstanding as of august 31, 2025 and may 31, 2025 | 2,777 | 2,777 | ||
| Common stock, 0.0001 par value 15,000,000 shares authorized 6,657,717 shares issued and outstanding as of august 31, 2025 and may 31, 2025 | 666 | 666 | ||
| Additional paid-in capital | 9,134,759 | 8,935,547 | ||
| Retained earnings | 1,055,012 | 720,718 | ||
| Total stockholders' equity | 10,193,214 | 9,659,708 | ||
| Total liabilities and stockholders' equity | 15,355,888 | 12,869,795 | ||
Axil Brands, Inc. (AXIL)
Axil Brands, Inc. (AXIL)