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Karbon-X Corp. (KARX)

Karbon-X Corp. (KARX)

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Balance Sheets Overview

Current Ratio
82.11%
Quick Ratio
74.72%
Debt to Asset Ratio
133.81%
Unit: Dollar
Assets Breakdown
    • Accounts receivable, net
    • Securities receivables
    • Cash and cash equivalents
    • Others
Liabilities Breakdown
    • Accumulated deficit
    • Additional paid-in capital
    • Accounts payable
    • Others
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
-
-
-
301,260
Accounts receivable, net
4,752,429
5,230,247
8,012
1,782
Loan receivable
1,703,451
-
-
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
-
Other current assets
5,660
-
-
-
Securities receivables
4,066,894
3,922,717
3,952,752
-
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
-
-
-
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
-
49,645
-
0
Related party loan
-
80,000
80,000
-
Stock payable
-
-
-
0
Other current liabilities
61,872
96,383
71,009
-
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
-
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
-
-
Long term convertible notes payable
250,000
250,000
-
-
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
Unit: Dollar. Numbers labeled with * are estimated quarterly values.

Time Plot

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Balance Sheets

Accounts receivable, net$4,752,429 Securities receivables$4,066,894 Cash and cashequivalents$4,055,126 Loan receivable$1,703,451 Prepaid expenses andother current assets$1,618,696 Inventories, net$1,607,451 Investments in equitysecurities$58,803 Other current assets$5,660 Deposits$1,457 Total current assets$17,869,967 Contract asset -maintenance agreement$1,682,000 Right of use asset, net$447,371 Internally developedsoftware, net$347,582 Other assets$45,063 Property and equipment,net$9,368 Total assets$20,401,351 Accumulated deficit-$21,209,651 Total liabilities andstockholders' equity$20,401,351 Total stockholders'equity-$6,898,429 Additional paid-in capital$14,128,934 Accumulated othercomprehensive gain (loss)$93,894 Common stock 0.001 parvalue, 200,000,000...$88,394 Total liabilities$27,299,780 Total currentliabilities$21,764,731 Long term debt$4,876,583 Non-current portion of leaseliabilities$408,466 Long termconvertible notes payable$250,000 Accounts payable$10,880,474 Convertible notes payable,net of discounts$5,147,219 Deferred revenue$3,461,940 Embedded derivative$1,207,265 Convertible notes - interestpayable$868,975 Current portion of leaseliabilities$90,040 Other currentliabilities$61,872 Receivables financingobligation$42,177 Payroll liabilities$4,769