AXIL Brands Inc
NYSE American:AXIL

  • LAST PRICE
    4.2702
  • TODAY'S CHANGE (%)
    -0.3892 (-8.3530%)
  • Bid / Lots
    4.4500/ 6
  • Ask / Lots
    4.8700/ 1
  • Open / Previous Close
    4.3000 / 4.6594
  • Day Range
    4.2702
    4.3000
  • 52 Week Range
    3.7800
    15.0000
  • Volume
    2,227

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  • Yesterday

  • Oct 10, 2024

      Show headlines and story abstract

    • 8:01AM ET on Thursday Oct 10, 2024 by MT Newswires
      Companies Mentioned: AXIL
      08:01 AM EDT, 10/10/2024 (MT Newswires) -- ...

    • 8:01AM ET on Thursday Oct 10, 2024 by MT Newswires
      Companies Mentioned: AXIL
      08:01 AM EDT, 10/10/2024 (MT Newswires) -- ...

    • 8:00AM ET on Thursday Oct 10, 2024 by Dow Jones
      Companies Mentioned: AXIL
      compensation - - - - 225,232 - 225,232 Preferred Stock converted to Common Stock (11,118,250) (1,112) 555,913 56 1,056 - - Net loss for the three months ended August 31, 2024 - - - - - (109,805) (109,805) Balance, August 31, 2024 31,133,500 $ 3,113 6,464,852 $ 647 $8,124,160 $ (244,075) $ 7,883,845 =========== ====== ========== === === ========= ======== ========== For the three months ended August 31, 2023 Common Stock Total Additional Preferred Stock Issued And Issuable Paid-in Accumulated Stockholders' --------------------- ------------------- Shares Amount Shares Amount Capital Deficit Equity ------------ ------- --------- -------- ----------- ------------ ----------------- Balance, May 31, 2023 250,000,000 $25,000 5,863,939 $ 586 $10,113,365 $(3,466,992) $ 6,671,959 Stock options expense - - - - 51,107 - 51,107 Net income for the three months ended August 31, 2023 - - - - - 154,452 154,452 Balance, August 31, 2023 250,000,000 $25,000 5,863,939 $ 586 $10,164,472 $(3,312,540) $ 6,877,518 =========== ====== ========= ==== ========== ========== =========== AXIL BRANDS, INC. AND SUBSIDIARY CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE THREE MONTHS ENDED AUGUST 31, 2024 AND 2023 (UNAUDITED) August 31, 2024 2023 ----------- ------------- CASH FLOWS FROM OPERATING ACTIVITIES Net income (loss) $ (109,805) $ 154,452 Adjustments to reconcile net income (loss) to net cash provided by operating activities: Depreciation and amortization 12,895 28,237 Bad debts 18,785 52,866 Stock-based compensation 297,864 51,107 Change in operating assets and liabilities: Accounts receivable (108,100) (91,736) Inventory 120,603 (758,104) Prepaid expenses and other current assets 486,958 315,751 Accounts payable and accrued expenses 405,511 168,399 Other current liabilities (178,731) 438,006 Contract liabilities (48,662) 38,194 --------- --------- NET CASH PROVIDED BY OPERATING ACTIVITIES 897,318 397,172 --------- --------- CASH FLOWS FROM INVESTING ACTIVITIES Purchase of intangibles (41,840) - Purchase of property and equipment - (50,960) --------- --------- NET CASH USED IN INVESTING ACTIVITIES (41,840) (50,960) --------- --------- CASH FLOWS FROM FINANCING ACTIVITIES Repayment of equipment financing - (825) Repayment of note payable (2,337) (17,254) Advances (payments) from a related party 41,707 (99,092) --------- --------- NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 39,370 (117,171) --------- --------- NET INCREASE IN CASH 894,848 229,041 CASH - Beginning of period 3,253,876 4,832,682 --------- --------- CASH - End of period $4,148,724 $5,061,723 ========= ========= SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: Cash paid during the period for: Interest $ - $ 1,644 ========= ========= Income taxes $ - $ - ========= =========