| Balance Sheets | 2026-02-28 | 2025-11-30 | 2025-08-31 | 2025-05-31 |
|---|---|---|---|---|
| Cash and cash equivalents | 4,055,126 | 6,518,850 | 1,358,662 | 704,346 |
| Investments in equity securities | NaN | NaN | NaN | 301,260 |
| Accounts receivable, net | 4,752,429 | 5,230,247 | 8,012 | 1,782 |
| Loan receivable | 1,703,451 | NaN | NaN | 3,789,651 |
| Inventories, net | 1,607,451 | 1,492,692 | 847,017 | 99,644 |
| Prepaid expenses and other current assets | 1,618,696 | 264,977 | 194,413 | 865,674 |
| Deposits | 1,457 | 1,422 | 8,813 | 23,815 |
| Investments in equity securities | 58,803 | 103,519 | 142,922 | NaN |
| Other current assets | 5,660 | NaN | NaN | NaN |
| Securities receivables | 4,066,894 | 3,922,717 | 3,952,752 | NaN |
| Total current assets | 17,869,967 | 17,534,424 | 6,512,591 | 5,786,172 |
| Property and equipment, net | 9,368 | 4,490 | 5,373 | 6,132 |
| Right of use asset, net | 447,371 | 452,054 | 481,823 | 503,091 |
| Other assets | 45,063 | 57,193 | 10,695 | 10,682 |
| Contract asset - maintenance agreement | 1,682,000 | NaN | NaN | NaN |
| Internally developed software, net | 347,582 | 395,249 | 431,316 | 473,895 |
| Total assets | 20,401,351 | 18,443,410 | 7,441,798 | 6,779,972 |
| Accounts payable | 10,880,474 | 6,912,484 | 961,910 | 1,091,701 |
| Deferred revenue | 3,461,940 | 2,914,901 | 2,947,469 | 3,864,080 |
| Short term loan payable | NaN | 49,645 | NaN | 0 |
| Related party loan | NaN | 80,000 | 80,000 | NaN |
| Stock payable | NaN | NaN | NaN | 0 |
| Other current liabilities | 61,872 | 96,383 | 71,009 | NaN |
| Payroll liabilities | 4,769 | 45,447 | 27,913 | 21,146 |
| Convertible notes payable, net of discounts | 5,147,219 | 4,020,567 | 3,481,191 | 2,301,666 |
| Convertible notes - interest payable | 868,975 | 501,355 | 195,001 | 181,353 |
| Embedded derivative | 1,207,265 | 307,021 | 351,630 | 168,358 |
| Receivables financing obligation | 42,177 | 288,192 | 161,898 | NaN |
| Current portion of lease liabilities | 90,040 | 82,810 | 80,793 | 60,475 |
| Total current liabilities | 21,764,731 | 15,298,805 | 8,358,814 | 7,688,779 |
| Long term debt | 4,876,583 | 4,867,484 | NaN | NaN |
| Long term convertible notes payable | 250,000 | 250,000 | NaN | NaN |
| Non-current portion of lease liabilities | 408,466 | 396,801 | 428,523 | 460,266 |
| Total liabilities | 27,299,780 | 20,813,090 | 8,787,337 | 8,149,045 |
| Common stock 0.001 par value, 200,000,000 shares authorized, 88,392,847 and 81,992,857 shares issued and outstanding as of february 28, 2026 and may 31, 2025, respectively | 88,394 | 87,537 | 86,974 | 81,994 |
| Additional paid-in capital | 14,128,934 | 13,464,396 | 13,029,618 | 10,563,141 |
| Accumulated deficit | -21,209,651 | -16,034,844 | -14,587,068 | -11,990,834 |
| Accumulated other comprehensive gain (loss) | 93,894 | 113,231 | 124,937 | -23,374 |
| Total stockholders' equity | -6,898,429 | -2,369,680 | -1,345,539 | -1,369,973 |
| Total liabilities and stockholders' equity | 20,401,351 | 18,443,410 | 7,441,798 | 6,779,972 |
Karbon-X Corp. (KARX)
Karbon-X Corp. (KARX)