2022 Q2 Form 10-K Financial Statement
#000147793222006846 Filed on September 13, 2022
Income Statement
| Concept | 2022 Q2 | 2022 |
|---|---|---|
| Revenue | $0.00 | $0.00 |
| YoY Change | ||
| Cost Of Revenue | $0.00 | $0.00 |
| YoY Change | ||
| Gross Profit | $0.00 | $0.00 |
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | ||
| YoY Change | ||
| % of Gross Profit | ||
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $0.00 | |
| YoY Change | ||
| % of Gross Profit | ||
| Operating Expenses | $204.0K | $238.7K |
| YoY Change | 7655.13% | 677.92% |
| Operating Profit | -$204.0K | -$238.7K |
| YoY Change | ||
| Interest Expense | ||
| YoY Change | ||
| % of Operating Profit | ||
| Other Income/Expense, Net | $0.00 | $0.00 |
| YoY Change | ||
| Pretax Income | -$204.0K | -$238.8K |
| YoY Change | 7655.13% | 677.94% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$204.0K | -$238.7K |
| YoY Change | 7655.13% | 677.92% |
| Net Earnings / Revenue | ||
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | -$3.131K | -$3.675K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 68.32M shares | |
| Diluted Shares Outstanding | 64.96M shares |
Balance Sheet
| Concept | 2022 Q2 | 2022 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $477.3K | $477.3K |
| YoY Change | 136282.86% | 136282.86% |
| Cash & Equivalents | $477.3K | $477.3K |
| Short-Term Investments | ||
| Other Short-Term Assets | $179.6K | $179.6K |
| YoY Change | 797.95% | 797.95% |
| Inventory | ||
| Prepaid Expenses | $179.6K | |
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | $667.7K | $667.7K |
| YoY Change | 3180.92% | 3181.23% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $3.254K | $3.250K |
| YoY Change | ||
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $610.00 | $610.00 |
| YoY Change | ||
| Total Long-Term Assets | $3.867K | $3.870K |
| YoY Change | -193450.0% | |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $667.7K | $667.7K |
| Total Long-Term Assets | $3.867K | $3.870K |
| Total Assets | $671.6K | $671.6K |
| YoY Change | 3200.25% | 3200.25% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $30.75K | $30.75K |
| YoY Change | 631.19% | 630.4% |
| Accrued Expenses | $2.980K | $2.980K |
| 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 | $33.73K | $33.73K |
| YoY Change | -60.6% | -60.6% |
| 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 | $33.73K | $33.73K |
| Total Long-Term Liabilities | $0.00 | $0.00 |
| Total Liabilities | $33.73K | $33.73K |
| YoY Change | -60.6% | -60.6% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$204.2K | |
| YoY Change | 142.72% | |
| Common Stock | $68.32K | |
| YoY Change | 5.27% | |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $637.9K | $637.9K |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $671.6K | $671.6K |
| YoY Change | 3199.92% | 3200.25% |
Cashflow Statement
| Concept | 2022 Q2 | 2022 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$204.0K | -$238.7K |
| YoY Change | 7655.13% | 677.92% |
| Depreciation, Depletion And Amortization | $0.00 | |
| YoY Change | ||
| Cash From Operating Activities | -$361.5K | -$361.4K |
| YoY Change | 1204900.0% | 258016.43% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$3.250K | $3.254K |
| YoY Change | ||
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | -$3.250K | -$3.254K |
| YoY Change | ||
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | $180.0K | |
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 855.0K | $855.0K |
| YoY Change | ||
| NET CHANGE | ||
| Cash From Operating Activities | -361.5K | -$361.4K |
| Cash From Investing Activities | -3.250K | -$3.254K |
| Cash From Financing Activities | 855.0K | $855.0K |
| Net Change In Cash | 490.3K | $477.3K |
| YoY Change | -1634266.67% | -341056.43% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$361.5K | -$361.4K |
| Capital Expenditures | -$3.250K | $3.254K |
| Free Cash Flow | -$358.3K | -$364.6K |
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q2 | us-gaap |
Assets Current
AssetsCurrent
|
667733 | usd |
| CY2022Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
3254 | usd |
| CY2022Q2 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
786822 | usd |
| CY2022Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-204228 | usd |
| CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
637870 | usd |
| CY2022Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
671600 | usd |
| CY2022Q2 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
30754 | usd |
| CY2022 | us-gaap |
Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
|
0 | usd |
| CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-238745 | usd |
| CY2022 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
30754 | usd |
| CY2022 | coco |
Foreign Currency Translation Gain Loss
ForeignCurrencyTranslationGainLoss
|
-13004 | usd |
| CY2022 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-251749 | usd |
| CY2022 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
64961973 | shares |
| CY2022 | coco |
Earnings Per Share Basic And Fully Diluted
EarningsPerShareBasicAndFullyDiluted
|
-0.00 | |
| CY2022 | us-gaap |
Increase Decrease In Trading Liabilities
IncreaseDecreaseInTradingLiabilities
|
2976 | usd |
| CY2022 | coco |
Recap Of Cocoluv Inc Amount
RecapOfCocoluvIncAmount
|
34659 | usd |
| CY2022 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--05-31 | |
| CY2022 | dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
|
false | |
| CY2022 | dei |
Document Type
DocumentType
|
10-K | |
| CY2022 | dei |
Document Annual Report
DocumentAnnualReport
|
true | |
| CY2022 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001729637 | |
| CY2022 | dei |
Amendment Flag
AmendmentFlag
|
false | |
| CY2022 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
| CY2022 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2022 | |
| CY2022Q2 | dei |
Entity Public Float
EntityPublicFloat
|
0 | usd |
| CY2022Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
68320000 | shares |
| CY2022 | coco |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number Beginning
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumberBeginning
|
0 | shares |
| CY2022 | dei |
Document Transition Report
DocumentTransitionReport
|
false | |
| CY2022 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2022-05-31 | |
| CY2022 | dei |
Entity File Number
EntityFileNumber
|
000-56288 | |
| CY2022 | dei |
Entity Registrant Name
EntityRegistrantName
|
Karbon-X Corp. | |
| CY2022 | dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
NV | |
| CY2022 | dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
82-2882342 | |
| CY2022 | dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
1410 Columbia Ave. | |
| CY2022 | dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
Castlegar | |
| CY2022 | dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
BC | |
| CY2022 | dei |
Entity Address Country
EntityAddressCountry
|
CA | |
| CY2022 | dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
N1N 3K3 | |
| CY2022 | dei |
City Area Code
CityAreaCode
|
778 | |
| CY2022 | dei |
Local Phone Number
LocalPhoneNumber
|
256-5730 | |
| CY2022 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
No | |
| CY2022 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | |
| CY2022 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
| CY2022 | dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
|
Yes | |
| CY2022 | dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | |
| CY2022 | dei |
Entity Small Business
EntitySmallBusiness
|
true | |
| CY2022 | dei |
Entity Shell Company
EntityShellCompany
|
false | |
| CY2022Q2 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
68320000 | shares |
| CY2022 | dei |
Auditor Name
AuditorName
|
MICHAEL GILLESPIE & ASSOCIATES, PLLC | |
| CY2022 | dei |
Auditor Firm
AuditorFirmId
|
6108 | |
| CY2022 | dei |
Auditor Location
AuditorLocation
|
Vancouver, Washington | |
| CY2022Q2 | us-gaap |
Receivables Net Current
ReceivablesNetCurrent
|
10809 | usd |
| CY2022Q2 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
179585 | usd |
| CY2022Q2 | us-gaap |
Security Deposit
SecurityDeposit
|
613 | usd |
| CY2022Q2 | us-gaap |
Assets
Assets
|
671600 | usd |
| CY2022Q2 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
2976 | usd |
| CY2022Q2 | us-gaap |
Liabilities
Liabilities
|
33730 | usd |
| CY2022Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
| CY2022Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
200000000 | shares |
| CY2022Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
68320000 | shares |
| CY2022Q2 | us-gaap |
Common Stock Value
CommonStockValue
|
68320 | usd |
| CY2022Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-13044 | usd |
| CY2022 | us-gaap |
Revenues
Revenues
|
0 | usd |
| CY2022 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
0 | usd |
| CY2022 | us-gaap |
Gross Profit
GrossProfit
|
0 | usd |
| CY2022 | us-gaap |
Operating Expenses
OperatingExpenses
|
238745 | usd |
| CY2022 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-238745 | usd |
| CY2022 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
0 | usd |
| CY2022 | coco |
Issuance Of Shares For Cash Amount
IssuanceOfSharesForCashAmount
|
429210 | usd |
| CY2022 | us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
425790 | usd |
| CY2022 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
-13004 | usd |
| CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
637870 | usd |
| CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
238745 | usd |
| CY2022 | coco |
Recap Of Cocoluv Inc
RecapOfCocoluvInc
|
-34659 | usd |
| CY2022 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
179585 | usd |
| CY2022 | us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
10809 | usd |
| CY2022 | us-gaap |
Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
|
-613 | usd |
| CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-361363 | usd |
| CY2022 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
3254 | usd |
| CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-3254 | usd |
| CY2022 | coco |
Proceeds From The Issuance Of Shares And Warrants
ProceedsFromTheIssuanceOfSharesAndWarrants
|
855000 | usd |
| CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
855000 | usd |
| CY2022 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-13044 | usd |
| CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
477339 | usd |
| CY2021Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
0 | usd |
| CY2022Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
477339 | usd |
| CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
0 | usd |
| CY2022 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | usd |
| CY2022Q2 | us-gaap |
Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
|
134 | usd |
| CY2022Q2 | us-gaap |
Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
|
99902 | usd |
| CY2022 | 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 $238,745. As of May 31, 2022, the Company has a working capital of $634,003. 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> | |
| CY2022 | us-gaap |
Other Operating Income
OtherOperatingIncome
|
238745 | usd |
| CY2022Q2 | coco |
Working Capital
WorkingCapital
|
634003 | usd |
| CY2022 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Preparation of the consolidated 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 consolidated financial statements and the reported amounts of revenues and expenses during the period. Accordingly, actual results could differ from those estimates. </p> | |
| CY2022 | coco |
Sales Tax Receivable
SalesTaxReceivable
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Sales tax receivable consists of the accumulated reclaimable GST paid by the Company on purchases made in Canada. </p> | |
| CY2022 | coco |
Schedule Of Prepaid Expenses
ScheduleOfPrepaidExpenses
|
<table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Description</strong></p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>May 31, 2022</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Prepayments to third-party app developer</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">176,777</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Prepaid accounting services</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">2,544</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Prepaid furniture</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">264</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Total </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">179,585</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr></tbody></table> | |
| CY2022Q2 | coco |
Prepayments To Third Party App Developer Current
PrepaymentsToThirdPartyAppDeveloperCurrent
|
176777 | usd |
| CY2022Q2 | coco |
Prepaid Accounting Services Current
PrepaidAccountingServicesCurrent
|
2544 | usd |
| CY2022Q2 | coco |
Prepaid Furniture Expenses Current
PrepaidFurnitureExpensesCurrent
|
264 | usd |
| CY2022Q2 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
179585 | usd |
| CY2022Q2 | us-gaap |
Furniture And Fixtures Gross
FurnitureAndFixturesGross
|
3254 | usd |
| CY2022 | us-gaap |
Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
|
3420000 | shares |
| CY2022 | coco |
Per Unit Price
PerUnitPrice
|
0.25 | |
| CY2022 | coco |
Proceeds From Issuance Of Private Placement1
ProceedsFromIssuanceOfPrivatePlacement1
|
855000 | usd |
| CY2022 | coco |
Share Of Common Stock In Warrant Desription
ShareOfCommonStockInWarrantDesription
|
Each unit consisted of share of common stock and warrant to purchase a share of common stock for $0.75 per share for a period of two years | |
| CY2022 | coco |
Finder Fee
FinderFee
|
10000 | usd |
| CY2022Q2 | coco |
Warrants Issued
WarrantsIssued
|
3420000 | shares |
| CY2022 | us-gaap |
Warrant Exercise Price Decrease
WarrantExercisePriceDecrease
|
0.75 | |
| CY2022 | coco |
Value Of Warrants
ValueOfWarrants
|
425790 | usd |
| CY2022 | coco |
Schedule Of Warrants
ScheduleOfWarrants
|
<table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>Description</strong></p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Number</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Weighted average</strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>exercise price</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Weighted average</strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>remaining contractual</strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>life (in years)</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Outstanding May 31, 2021</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Exercised</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Granted</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">3,420,000</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">0.75</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1.83</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Expired</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Cancelled</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Outstanding May 31, 2022</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">3,420,000</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">0.75</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">1.83</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr></tbody></table> | |
| CY2021Q2 | us-gaap |
Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
|
0 | |
| CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
3420000 | shares |
| CY2022Q2 | us-gaap |
Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
|
0.75 | |
| CY2022 | coco |
Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Remaining Contractual Lifegranted
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeRemainingContractualLifegranted
|
P1Y9M29D | |
| CY2022 | coco |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number Ending
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumberEnding
|
3420000 | shares |
| CY2022 | coco |
Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Granted
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceGranted
|
0.75 | |
| CY2022 | coco |
Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Remaining Contractual Life
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeRemainingContractualLife
|
P1Y9M29D | |
| CY2022Q2 | us-gaap |
Partners Capital Account Units Sold In Private Placement
PartnersCapitalAccountUnitsSoldInPrivatePlacement
|
720000 | shares |
| CY2022Q2 | coco |
Common Stock Per Unit
CommonStockPerUnit
|
0.25 | |
| CY2022Q2 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
180000 | usd |
| CY2022Q2 | us-gaap |
Warrant Exercise Price Decrease
WarrantExercisePriceDecrease
|
0.75 | |
| CY2022Q2 | coco |
Payment For Develop Thir Party App
PaymentForDevelopThirPartyApp
|
145196 | usd |
| CY2022Q2 | us-gaap |
Marketing Expense
MarketingExpense
|
32608 | usd |
