Karbon-X Corp. (KARX) Form 10-Q — Oct 20, 2026
Karbon-X's fiscal Q1 10-Q carries an explicit going-concern warning: the company held just $335,445 in cash against negative working capital of $7.3 million and an accumulated deficit of $29.5 million, and management states substantial doubt exists about its ability to continue without new financing. Revenue collapsed to $343,967 from $35.7 million a year ago, though most of the decline reflects the non-recurrence of low-margin industrial carbon credit trading through its Cyprus subsidiary.
Key figures
- Revenue
- 343967
- Total Debt
- 16612907
- Total Assets
- 7669184
- Cash Position
- 335445
- Shares Outstanding
- 99299757
- Gross profit
- 110037
- Closing price aug31
- 0.1485
- Gross margin percent
- 32
- Term note face amount
- 5000000
- Provision credit losses
- 489274
- Potential dilutive shares
- 33525680
- Convertible note principal outstanding
- 3062528
AI analysis
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