For the quarter ending 2025-11-30, KARX has $18,443,410 in assets. $20,813,090 in debts.
| Balance Sheets | 2025-11-30 | 2025-08-31 | 2025-05-31 | |
|---|---|---|---|---|
| Cash and cash equivalents | 6,518,850 | 1,358,662 | 704,346 | |
| Accounts receivable, net | 5,230,247 | 8,012 | 1,782 | |
| Inventories, net | 1,492,692 | 847,017 | 99,644 | |
| Prepaid expenses and other current assets | 264,977 | 194,413 | 865,674 | |
| Deposits | 1,422 | 8,813 | 23,815 | |
| Investments in equity securities | 103,519 | 142,922 | 301,260 | |
| Securities receivables | 3,922,717 | 3,952,752 | 3,789,651 | |
| Total current assets | 17,534,424 | 6,512,591 | 5,786,172 | |
| Property and equipment, net | 4,490 | 5,373 | 6,132 | |
| Right of use asset, net | 452,054 | 481,823 | 503,091 | |
| Other assets | 57,193 | 10,695 | 10,682 | |
| Internally developed software, net | 395,249 | 431,316 | 473,895 | |
| Total assets | 18,443,410 | 7,441,798 | 6,779,972 | |
| Accounts payable | 6,912,484 | 961,910 | 1,091,701 | |
| Deferred revenue | 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 | 96,383 | 71,009 | - | |
| Payroll liabilities | 45,447 | 27,913 | 21,146 | |
| Convertible notes payable, net of discounts | 4,020,567 | 3,481,191 | 2,301,666 | |
| Convertible notes - interest payable | 501,355 | 195,001 | 181,353 | |
| Embedded derivative | 307,021 | 351,630 | 168,358 | |
| Receivables financing obligation | 288,192 | 161,898 | - | |
| Current portion of lease liabilities | 82,810 | 80,793 | 60,475 | |
| Total current liabilities | 15,298,805 | 8,358,814 | 7,688,779 | |
| Long term debt | 4,867,484 | - | - | |
| Long term convertible notes payable | 250,000 | - | - | |
| Non-current portion of lease liabilities | 396,801 | 428,523 | 460,266 | |
| Total liabilities | 20,813,090 | 8,787,337 | 8,149,045 | |
| Common stock 0.001 par value, 200,000,000 shares authorized, 87,535,809 and 81,992,857 shares issued and outstanding as of november 30, 2025 and may 31, 2025, respectively | 87,537 | 86,974 | 81,994 | |
| Additional paid-in capital | 13,464,396 | 13,029,618 | 10,563,141 | |
| Accumulated deficit | -16,034,844 | -14,587,068 | -11,990,834 | |
| Accumulated other comprehensive gain (loss) | 113,231 | 124,937 | -23,374 | |
| Total stockholders' equity | -2,369,680 | -1,345,539 | -1,369,973 | |
| Total liabilities and stockholders' equity | 18,443,410 | 7,441,798 | 6,779,972 | |
Karbon-X Corp. (KARX)
Karbon-X Corp. (KARX)