For the quarter ending 2026-02-28, AXIL has $15,181,026 in assets. $3,718,492 in debts. $5,518,989 in cash and cash equivalents.
| Balance Sheets | 2026-02-28 | 2025-08-31 | 2025-05-31 | |
|---|---|---|---|---|
| Due from related party | - | 0 | 222 | |
| Cash and cash equivalents | 5,518,989 | 4,086,624 | 4,769,854 | |
| Customer receivables | 1,341,697 | - | - | |
| Merchant processor receivable | 143,521 | - | - | |
| Less allowance for credit losses | 136,751 | - | - | |
| Accounts receivable, net | 1,348,467 | 2,778,751 | 1,003,945 | |
| Inventory, net | 3,929,499 | 3,889,462 | 2,533,658 | |
| Prepaid expenses and other current assets | 958,502 | 935,679 | 947,969 | |
| Total current assets | 11,755,457 | 11,690,516 | 9,255,648 | |
| Property and equipment, net | 413,191 | 395,857 | 412,261 | |
| Intangible assets, net | 427,540 | 452,405 | 403,591 | |
| Right of use asset | 411,903 | 521,993 | 579,121 | |
| Deferred tax asset | - | 122,182 | 46,239 | |
| Other assets | 20,720 | 20,720 | 20,720 | |
| Goodwill | 2,152,215 | 2,152,215 | 2,152,215 | |
| Total other assets | 3,425,569 | 3,665,372 | 3,614,147 | |
| Total assets | 15,181,026 | 15,355,888 | 12,869,795 | |
| Accounts payable | 1,231,200 | 2,391,752 | 866,573 | |
| Customer deposits | - | 209,942 | 67,412 | |
| Contract liabilities, current | 527,458 | 755,736 | 757,355 | |
| Notes payable, current | 4,405 | 3,459 | 3,574 | |
| Due to related party | 169,203 | 151,269 | 0 | |
| Lease liabilities, current | 208,673 | 207,929 | 212,543 | |
| Income tax liability | 610,477 | 501,370 | 310,369 | |
| Other current liabilities | 456,292 | 294,394 | 244,998 | |
| Total current liabilities | 3,207,708 | 4,515,851 | 2,462,824 | |
| Lease liabilities, | 249,897 | 352,475 | 404,669 | |
| Note payable, long term | - | - | 136,655 | |
| Note payable, | 134,054 | 135,740 | - | |
| Contract liabilities, | 126,833 | 158,608 | 205,939 | |
| Total long term liabilities | 510,784 | 646,823 | 747,263 | |
| Total liabilities | 3,718,492 | 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 | |
| Preferred stock value | 2,487 | - | - | |
| Common stock, 0.0001 par value 15,000,000 shares authorized 6,817,717 and 6,657,717 shares issued and outstanding as of february 28, 2026 and may 31, 2025, respectively | 682 | 666 | 666 | |
| Additional paid-in capital | 9,496,424 | 9,134,759 | 8,935,547 | |
| Retained earnings | 1,962,941 | 1,055,012 | 720,718 | |
| Total stockholders' equity | 11,462,534 | 10,193,214 | 9,659,708 | |
| Total liabilities and stockholders' equity | 15,181,026 | 15,355,888 | 12,869,795 | |
Axil Brands, Inc. (AXIL)
Axil Brands, Inc. (AXIL)