$KARX
Karbon-X Corp.

2022 Q1 Form 10-Q Financial Statement

#000147793222004591 Filed on June 22, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q2
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue $0.00
YoY Change
Gross Profit $0.00
YoY Change
Gross Profit Margin
Selling, General & Admin $2.630K
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $0.00
YoY Change
% of Gross Profit
Operating Expenses $1.865K $2.630K
YoY Change -84.84%
Operating Profit -$1.865K
YoY Change
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $0.00
YoY Change
Pretax Income -$1.870K -$2.630K
YoY Change -84.8%
Income Tax
% Of Pretax Income
Net Earnings -$1.870K -$2.630K
YoY Change -84.8%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$28.81 -$40.40
COMMON SHARES
Basic Shares Outstanding 64.90M shares
Diluted Shares Outstanding 64.90M shares

Balance Sheet

Concept 2022 Q1 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $140.00 $350.00
YoY Change -64.1%
Cash & Equivalents $141.00 $0.00
Short-Term Investments
Other Short-Term Assets $0.00 $20.00K
YoY Change
Inventory
Prepaid Expenses $20.00K
Receivables
Other Receivables
Total Short-Term Assets $141.00 $20.35K
YoY Change -63.85%
LONG-TERM ASSETS
Property, Plant & Equipment $0.00
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00
YoY Change
Total Long-Term Assets $0.00 -$2.00
YoY Change
TOTAL ASSETS
Total Short-Term Assets $141.00 $20.35K
Total Long-Term Assets $0.00 -$2.00
Total Assets $141.00 $20.35K
YoY Change -63.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $266.00 $4.206K
YoY Change -94.7%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $270.00 $85.60K
YoY Change -99.57%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $270.00 $85.60K
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $266.00 $85.60K
YoY Change -99.58%
SHAREHOLDERS EQUITY
Retained Earnings -$265.00 -$84.14K
YoY Change
Common Stock $64.90K $64.90K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$125.00 $0.00
YoY Change
Total Liabilities & Shareholders Equity $141.00 $20.35K
YoY Change -63.85%

Cashflow Statement

Concept 2022 Q1 2021 Q2
OPERATING ACTIVITIES
Net Income -$1.870K -$2.630K
YoY Change -84.8%
Depreciation, Depletion And Amortization $0.00
YoY Change
Cash From Operating Activities $360.00 -$30.00
YoY Change -427.27%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities $0.00 $0.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 0.000
YoY Change
NET CHANGE
Cash From Operating Activities 360.0 -30.00
Cash From Investing Activities 0.000 0.000
Cash From Financing Activities 0.000 0.000
Net Change In Cash 360.0 -30.00
YoY Change -427.27%
FREE CASH FLOW
Cash From Operating Activities $360.00 -$30.00
Capital Expenditures $0.00
Free Cash Flow $360.00
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
141 USD
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
0 USD
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
141 USD
us-gaap Interest Paid Net
InterestPaidNet
0 USD
CY2022Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
64900000 shares
CY2022Q1 coco Sales Tax Receivable
SalesTaxReceivable
0 USD
CY2022Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
0 USD
CY2022Q1 us-gaap Due From Related Parties
DueFromRelatedParties
0 USD
CY2022Q1 coco Capital Work In Progress
CapitalWorkInProgress
0 USD
CY2022Q1 us-gaap Assets
Assets
141 USD
CY2022Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
266 USD
CY2022Q1 us-gaap Liabilities
Liabilities
266 USD
CY2022Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2022Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
64900000 shares
CY2022Q1 us-gaap Common Stock Value
CommonStockValue
64900 USD
us-gaap Revenues
Revenues
0 USD
CY2022Q1 us-gaap Revenues
Revenues
0 USD
us-gaap Cost Of Revenue
CostOfRevenue
0 USD
CY2022Q1 us-gaap Cost Of Revenue
CostOfRevenue
0 USD
us-gaap Gross Profit
GrossProfit
0 USD
CY2022Q1 us-gaap Gross Profit
GrossProfit
0 USD
us-gaap Operating Expenses
OperatingExpenses
34781 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 USD
us-gaap Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
20000000 shares
CY2022Q1 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
134 USD
CY2022Q1 us-gaap Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
99902 USD
CY2022Q1 us-gaap Operating Expenses
OperatingExpenses
1865 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-34781 USD
CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-1865 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
0 USD
CY2022Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
0 USD
us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
0 USD
CY2022Q1 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
0 USD
coco Foreign Currency Translation Gain Loss
ForeignCurrencyTranslationGainLoss
2 USD
CY2022Q1 coco Foreign Currency Translation Gain Loss
ForeignCurrencyTranslationGainLoss
2 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-34783 USD
CY2022Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-1867 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
64900000 shares
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
0 USD
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
64900000 shares
coco Earnings Per Share Basic And Fully Diluted
EarningsPerShareBasicAndFullyDiluted
-0.00
CY2022Q1 coco Earnings Per Share Basic And Fully Diluted
EarningsPerShareBasicAndFullyDiluted
-0.00
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
0 USD
coco Recap Of Cocoluv Inc Amount
RecapOfCocoluvIncAmount
34658 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
143 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
-2 USD
us-gaap Net Income Loss
NetIncomeLoss
-34781 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
0 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
0 USD
us-gaap Increase Decrease In Payables To Customers
IncreaseDecreaseInPayablesToCustomers
0 USD
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
-125 USD
us-gaap Profit Loss
ProfitLoss
34781 USD
coco Recap Of Cocoluv Inc
RecapOfCocoluvInc
34658 USD
us-gaap Increase Decrease In Other Loans
IncreaseDecreaseInOtherLoans
0 USD
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
0 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
0 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
us-gaap Depreciation
Depreciation
0 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
0 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
266 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
0 USD
coco Going Concern Policy Textblock
GoingConcernPolicyTextblock
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">To date the Company has generated no revenues from its business operations and has incurred operating losses since inception of $265. As of February 28, 2022, the Company has a working capital deficit of $125. The Company will require additional funding to meet its ongoing obligations and to fund anticipated operating losses. The ability of the Company to continue as a going concern is dependent on raising capital to fund its initial business plan and ultimately to attain profitable operations. Accordingly, these factors raise substantial doubt as to the Company’s ability to continue as a going concern. The Company intends to continue to fund its business by way of private placements and advances from related parties as may be required. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classification of liabilities that might result from this uncertainty.</p>
us-gaap Other Operating Income
OtherOperatingIncome
265 USD
CY2022Q1 coco Working Capital Deficit
WorkingCapitalDeficit
125 USD
us-gaap Use Of Estimates
UseOfEstimates
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Preparation of the financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. Accordingly, actual results could differ from those estimates.</p>

Files In Submission

Name View Source Status
0001477932-22-004591-index-headers.html Edgar Link pending
0001477932-22-004591-index.html Edgar Link pending
0001477932-22-004591.txt Edgar Link pending
0001477932-22-004591-xbrl.zip Edgar Link pending
coco-20220228.xsd Edgar Link pending
coco-20220228_cal.xml Edgar Link unprocessable
coco-20220228_def.xml Edgar Link unprocessable
coco-20220228_lab.xml Edgar Link unprocessable
coco-20220228_pre.xml Edgar Link unprocessable
coco_10q.htm Edgar Link pending
coco_10q_htm.xml Edgar Link completed
coco_ex311.htm Edgar Link pending
coco_ex312.htm Edgar Link pending
coco_ex321.htm Edgar Link pending
coco_ex322.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R2.htm Edgar Link pending
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending