Karbon-X Corp. balance sheet KARX

Annual Quarterly

As of Aug 31, 2026, Karbon-X Corp. had total assets of $7.7 million and total liabilities of $16.6 million. Total assets were up 3.1% from a year earlier. Stockholders' equity was negative, at -$8.9 million, because liabilities exceed assets. It held $335,445 in cash and investments against $5.3 million of total debt, net debt of $5.0 million. The current ratio, current assets divided by current liabilities, was 0.36.

USD in millions, except ratios and per-share amounts. The percent under a figure is the change from the year before.

Line	FY 2027 Aug 31, 2026	FY 2026 May 31, 2026	FY 2025 May 31, 2025	FY 2024 May 31, 2024	FY 2023 May 31, 2023	FY 2022 May 31, 2022	FY 2021 May 31, 2021	FY 2020 May 31, 2020	FY 2019 May 31, 2019
Assets
Cash	0	1 +64.0%	1 -73.7%	3 +1193.6%	0 -56.7%	0	0 -100.0%	0 +814.8%	0
Cash and investments	0	1 +64.0%	1 -73.7%	3 +1193.6%	0 -56.7%	0	0 -100.0%	0 +814.8%	0
Receivables	1 +6676.4%	1 +35494.3%	0	—	—	—	—	—	—
Inventory	1 -14.9%	1 +552.3%	0 -68.5%	0	—	—	—	—	—
Total current assets	4 -37.2%	6 +4.8%	6 +85.8%	3 +897.3%	0 -36.4%	0 +2312.3%	0 +4019.8%	0 +814.8%	0
Property and equipment, net	0 +43.0%	0 +30.5%	0 -11.4%	0 -24.1%	0 +180.1%	0	—	—	—
Total assets	8 +3.1%	10 +41.9%	7 +70.8%	4 +57.9%	3 +274.5%	1	—	—	—
Liabilities and equity
Accounts payable	2 +150.3%	2 +106.6%	1 +758.1%	0 +82.4%	0 +126.7%	0 +631.2%	0 -35.3%	0 +38.2%	0
Total current liabilities	11 +36.2%	10 +31.4%	8 +815.6%	1 +331.8%	0	—	0 +144.2%	0 +168.5%	0
Total liabilities	17 +89.1%	16 +91.5%	8 +613.4%	1 +357.1%	0 +640.9%	0	—	—	—
Stockholders' equity	-9 -564.7%	-6 -337.1%	-1 -148.4%	3 +24.9%	2 +255.1%	1	0 +100.0%	-0 -165.8%	-0
Debt
Debt due within a year	—	—	0 -100.0%	0 -63.5%	0	—	—	—	—
Long-term debt	5	5	—	—	—	—	—	—	—
Lease liabilities	0 -12.8%	0 -9.6%	1 +13.6%	0 +265.3%	0	—	0	—	—
Total debt	5 +946.9%	5 +927.7%	1 +5.2%	0 +119.5%	0	—	0	—	—
Net cash	-5	-4 -2385.4%	0 -91.6%	2 +11760.8%	-0	—	-0	—	—
Ratios
Current ratio	0.36x	0.60x	0.75x	3.71x	1.61x	—	0.24x	0.01x	0.00x
Debt to equity	—	—	—	0.18x	0.10x	—	—	—	—
Return on equity	—	—	—	-97.04%	-87.76%	-36.80%	—	—	—
Return on assets	-194.91%	-141.30%	-104.03%	-69.12%	-79.04%	-34.95%	—	—	—
Book value per share	-0.09	-0.06	-0.02	0.03	0.03	0.01	0.00	-0.00	-0.00

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except ratios and per-share amounts. Cash and investments adds short-term and long-term marketable securities to cash. Debt due within a year is the borrowings that are not already in long-term debt. Total debt is those borrowings plus lease liabilities. Net cash is cash and investments minus total debt. Return on equity and return on assets divide the trailing twelve months of net income by the balance on that date. Debt to EBITDA uses the trailing twelve months of EBITDA. The first column is the latest balance sheet when it is newer than the latest fiscal year. More on our methodology.

Company profile

Industry: Perfumes, Cosmetics & Other Toilet Preparations (SIC 2844)
Listed as: KARX (OTC)
Fiscal year ends: May 31
Incorporated in: NV
Headquarters: Bellaire, TX
SEC filer status: Non-accelerated filer, Smaller reporting company, Emerging growth company
SEC CIK: 1729637
Former names: COCOLUV INC. (until Jan 12, 2022)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.