The latest financial statement is for the quarter ending 2026-02-28.
| Cash Flow | 2026-02-28 | 2025-11-30 | 2025-08-31 | 2025-05-31 |
|---|---|---|---|---|
| Loss on investment | - | - | - | 0 |
| Net (loss) income | -13,262,830 | 6,640,246 | -2,596,234 | -7,053,492 |
| Depreciation and amortization expense | 48,381 | 36,086 | 43,347 | - |
| Depreciation expense | - | - | - | 3,225 |
| Gain on change in fair value of derivative | 254,957 | 44,609 | 95,835 | -168,358 |
| Amortization of right of use asset | 12,258 | 21,620 | 21,842 | 29,215 |
| Amortization of debt discount | 308,749 | 193,495 | 102,182 | - |
| Stock based compensation | 597,157 | 264,300 | 187,309 | 627,495 |
| Sales tax receivable | - | - | 0 | 0 |
| Accounts receivable | -477,818 | 5,222,235 | 6,230 | -118,502 |
| Marketable securities | -44,716 | -39,403 | -158,338 | 301,260 |
| Stock payable | - | - | - | 0 |
| Due to related parties | - | - | 0 | - |
| Securities receivable | 144,177 | -30,035 | 163,101 | 3,789,651 |
| Accounts payable | 3,967,990 | 5,950,574 | -129,791 | 334,486 |
| Deferred revenue | 547,039 | -32,568 | -916,611 | 3,864,080 |
| Other current liabilities | -182,732 | 159,828 | 182,377 | 141,896 |
| Other assets | -6,470 | 46,511 | - | - |
| Inventory | 114,759 | 645,675 | 142,280 | -217,094 |
| Prepaid expenses | 1,353,754 | 63,173 | -686,263 | 888,489 |
| Payments made on operating lease | 18,895 | -29,705 | -11,425 | 196,239 |
| Other current assets | - | - | - | 166,641 |
| Cash used in operating activities | -1,195,712 | -836,913 | -2,679,849 | -6,498,943 |
| Purchase of equipment | 4,737 | - | - | 2,543 |
| Cash paid for equity method investment | - | - | - | 0 |
| Issuance of loan receivable | 1,703,451 | - | - | - |
| Cash paid for software development | - | - | - | 0 |
| Acquisition of carbon projects | 0 | 0 | 605,093 | - |
| Cash used in investing activities | -1,708,188 | 0 | -605,093 | -7,847 |
| Repayments from short term loan | - | - | 0 | - |
| Proceeds from short term loan | -49,645 | 0 | 49,645 | 0 |
| Proceeds from related party loan | - | 0 | 80,000 | - |
| Proceeds from convertible notes | 1,000,000 | 4,389,000 | - | - |
| Payments on convertible notes | 165,494 | - | - | - |
| Proceeds from convertible notes | - | - | 3,500,000 | 2,993,392 |
| Proceeds from long term debt | 9,099 | 4,867,484 | - | - |
| Proceeds from receivables financing obligation | 0 | 400,000 | 388,800 | - |
| Debt discount on convertible notes | - | - | - | -141,529 |
| Payments on receivables financing obligation | 246,015 | 273,706 | 226,902 | - |
| Proceeds from issuance of shares | 0 | 117,000 | 0 | 1,709,437 |
| Cash provided by financing activities | 467,945 | 5,999,778 | 3,791,543 | 4,561,300 |
| Effect of translation changes on cash | -27,769 | -2,677 | 147,715 | -30,868 |
| Change in cash and cash equivalents | -2,463,724 | 5,160,188 | 654,316 | -1,971,054 |
| Cash, beginning of period | 6,518,850 | 1,358,662 | 704,346 | - |
| Cash, end of period | 4,055,126 | 6,518,850 | 1,358,662 | - |
Karbon-X Corp. (KARX)
Karbon-X Corp. (KARX)