$AXIL

Axil Brands, Inc.

CIK:0001718500|SEC Filings

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)	3 Months Ended
	Aug. 31, 2026	Aug. 31, 2025
Income Statement [Abstract]
Revenues, net	$ 6,090,383	$ 6,856,218
Cost of revenues	1,058,654	2,221,284
Gross profit	5,031,729	4,634,934
OPERATING EXPENSES:
Sales and marketing	2,837,371	2,759,757
Compensation and related taxes	373,599	396,706
Research and development	459,631
General and administrative	924,101	1,066,733
Total Operating Expenses	4,594,702	4,223,196
INCOME FROM OPERATIONS	437,027	411,738
OTHER INCOME (EXPENSE):
Other income	1,883	1,318
Interest income	81,251	37,579
Interest expense and other finance charges		(1,283)
Other income, net	83,134	37,614
INCOME BEFORE PROVISION FOR INCOME TAXES	520,161	449,352
Provision for income taxes	99,590	115,058
NET INCOME	420,571	334,294
Less: Net loss of subsidiary attributable to noncontrolling interests	(1,021)
Net income attributable to the stockholders of the Company	$ 421,592	$ 334,294
NET INCOME PER COMMON SHARE:
Basic	$ 0.06	$ 0.05
Diluted	$ 0.05	$ 0.04
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
Basic	6,805,199	6,638,785
Diluted	8,252,165	8,243,025

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	3 Months Ended
	Aug. 31, 2026	Aug. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 420,571	$ 334,294
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	65,538	62,087
Provision (Recovery) for credit losses	(32,014)	(158)
Stock-based compensation and stock option expense	322,393	199,212
Deferred income taxes	(189,659)	(75,943)
Change in operating assets and liabilities:
Accounts receivable	3,454,585	(1,774,648)
Inventory	(19,312)	(1,355,804)
Prepaid expenses and other current assets	(244,716)	12,290
Accounts payable	451,176	1,525,180
Other current liabilities	(353,891)	383,246
Contract liabilities	(111,912)	(48,950)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	3,762,759	(739,194)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of intangibles	(109,880)	(86,130)
Purchases of property and equipment	(55,333)	(8,367)
NET CASH USED IN INVESTING ACTIVITIES	(165,213)	(94,497)
CASH FLOWS FROM FINANCING ACTIVITIES
Repayment of note payable		(1,030)
Advances from a related party	56,453	1,207,693
Repayments to a related party	(187,452)	(1,056,202)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES	(130,999)	150,461
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	3,466,547	(683,230)
CASH AND CASH EQUIVALENTS - Beginning of period	4,462,040	4,769,854
CASH AND CASH EQUIVALENTS - End of period	7,928,587	4,086,624
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest		1,134
Income taxes	$ 18,656

CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)	Aug. 31, 2026	May 31, 2026
CURRENT ASSETS:
Cash and cash equivalents	$ 7,928,587	$ 4,462,040
Accounts receivable, net	1,326,395	4,748,966
Inventory, net	4,438,940	4,419,628
Due from related party	78,822
Prepaid expenses and other current assets	956,930	712,214
Total Current Assets	14,729,674	14,342,848
OTHER ASSETS:
Property and equipment, net	418,684	389,733
Intangible assets, net	460,470	389,747
Right of use assets	310,828	360,512
Deferred tax asset	491,119	301,460
Other assets	20,720	20,720
Goodwill	2,152,215	2,152,215
Total Other Assets	3,854,036	3,614,387
TOTAL ASSETS	18,583,710	17,957,235
CURRENT LIABILITIES:
Accounts payable	2,440,224	1,989,048
Contract liabilities, current	297,724	389,333
Due to related party		152,177
Lease liabilities, current	191,297	195,563
Income tax liability	958,744	688,150
Other current liabilities	566,284	1,088,262
Total Current Liabilities	4,454,273	4,502,533
LONG TERM LIABILITIES:
Lease liabilities	161,179	209,105
Contract liabilities	81,077	101,380
Total Long Term Liabilities	242,256	310,485
Total Liabilities	4,696,529	4,813,018
EQUITY:
Common stock, $0.0001 par value: 15,000,000 shares authorized; 6,822,681 and 6,822,681 shares issued and outstanding as of August 31, 2026 and May 31, 2026, respectively	682	682
Additional paid-in capital	9,892,683	9,720,981
Retained Earnings	3,841,659	3,420,067
Total stockholders' equity attributable to AXIL Brands, Inc.	13,737,511	13,144,217
Noncontrolling interests	149,670
Total Equity	13,887,181	13,144,217
TOTAL LIABILITIES AND EQUITY	18,583,710	17,957,235
Series A Preferred Stock [Member]
EQUITY:
Preferred stock value	$ 2,487	$ 2,487