For the quarter ending 2025-08-31, AXIL had -$683,230 decrease in cash & cash equivalents over the period. -$747,561 in free cash flow.
| Cash Flow | 2025-08-31 | 2025-05-31 |
|---|---|---|
| Net income (loss) | 334,294 | 854,988 |
| Depreciation and amortization | 62,087 | 148,498 |
| (recovery)/provision for credit losses | -158 | -4,519 |
| Stock-based compensation | 199,212 | 1,108,934 |
| Deferred income taxes | -75,943 | 187,922 |
| Accounts receivable | 1,774,648 | 489,591 |
| (reversal of inventory obsolescence)/inventory obsolescence | - | -46,895 |
| Inventory | 1,355,804 | -907,260 |
| Prepaid expenses and other current assets | -12,290 | 142,668 |
| Accounts payable | 1,525,180 | 117,677 |
| Gain on forgiveness of account payable | - | 218,699 |
| Other current liabilities | 383,246 | -71,699 |
| Gain on settlement | - | 0 |
| Contract liabilities | -48,950 | -422,547 |
| Net cash (used in)/provided by operating activities | -739,194 | 1,928,661 |
| Purchase of intangibles | 86,130 | 180,815 |
| Purchase of property and equipment | 8,367 | 213,483 |
| Net cash used in investing activities | -94,497 | -394,298 |
| Repayment of note payable | 1,030 | 6,365 |
| Repurchase of preferred stock | - | 0 |
| Repayment of equipment financing | - | 0 |
| Repayments to a related party | 1,056,202 | 6,962,230 |
| Advances from a related party | 1,207,693 | 6,950,210 |
| Net cash provided by financing activities | 150,461 | -18,385 |
| Net (decrease)/increase in cash | -683,230 | 1,515,978 |
| Cash and cash equivalents at beginning of period | 4,769,854 | - |
| Cash and cash equivalents at end of period | 4,086,624 | - |
Axil Brands, Inc. (AXIL)
Axil Brands, Inc. (AXIL)