Company research
Karbon-X Corp.
CIK 1729637Updated Sep 27, 2026
SecurityKARX · OTC · equity
Name history
COCOLUV INC. · through Jan 12, 2022
KARX price & chart
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OTC:KARX on TradingView ↗About the company
Karbon-X Corp. (OTCQB: KARX) is a vertically integrated climate solutions company delivering end-to-end services across compliance and voluntary carbon markets. From project origination and emissions quantification to verification support, credit issuance, and market distribution, Karbon-X provides trusted, transparent climate solutions to businesses and institutions globally.
In the news
Seeking Alpha
Karbon-X Corp. reports Q3 results ↗
Recent filings
10-K filing
NT 10-K filing
Financial Statements and Exhibits
Items 9.01
Entry into a Material Definitive Agreement
Items 1.01, 9.01
S-8 filing
Show 4 more recent filings
Financials
FY 2026 · USDSource
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balance sheet · annual statements
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 9,617,713Source | 6,779,972Source | 3,970,582Source | 2,515,115Source |
| Property, Plant and Equipment, NetUSD | 8,004Source | 6,132Source | 6,918Source | 9,116Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 644,345Source | — | — | — |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | — | — | 2,675,400Source | 206,820Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 634,291Source | 1,782Source | — | — |
| Inventory, NetUSD | 649,973Source | 99,644Source | 316,738Source | — |
| Assets, CurrentUSD | 6,061,591Source | 5,786,172Source | 2,796,684Source | 312,173Source |
| Prepaid Expense and Other Assets, CurrentUSD | 1,177,770Source | 865,674Source | 1,000Source | 59,767Source |
| Operating Lease, Right-of-Use AssetUSD | 419,543Source | 503,091Source | 316,519Source | 68,307Source |
| Other Assets, NoncurrentUSD | 1,547,328Source | — | — | — |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 15,601,815Source | 8,149,045Source | 1,142,325Source | 249,896Source |
| Commitments and ContingenciesUSD | 0Source | 0Source | 0Source | 0Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 94,885Source | 81,994Source | 82,176Source | 72,579Source |
| Additional Paid in CapitalUSD | 19,283,687Source | 10,563,141Source | 7,675,826Source | 2,638,532Source |
| Retained Earnings (Accumulated Deficit)USD | -25,580,380Source | -11,990,834Source | -4,937,342Source | -2,192,106Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 217,706Source | -23,374Source | 7,597Source | -3,786Source |
| Stockholders' Equity Attributable to ParentUSD | -5,984,102Source | -1,369,973Source | 2,828,257Source | 2,265,219Source |
| Liabilities and EquityUSD | 9,617,713Source | 6,779,972Source | 3,970,582Source | 2,515,115Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 10,101,595Source | 7,688,779Source | 839,769Source | 194,481Source |
| Operating Lease, Liability, CurrentUSD | 101,262Source | 60,475Source | 21,945Source | 14,688Source |
| Accounts Payable, CurrentUSD | 2,255,577Source | 1,091,701Source | 127,219Source | 69,732Source |
| Operating Lease, Liability, NoncurrentUSD | 369,260Source | 460,266Source | 302,557Source | 55,415Source |
| Other Liabilities, NoncurrentUSD | — | 460,266Source | 418,895Source | — |
| Additional Financial Items | ||||
| Cash, Cash Equivalents, and Short-term InvestmentsUSD | — | — | — | 134Source |
| Deferred Revenue, CurrentUSD | 3,792,091Source | 3,864,080Source | — | — |
| Deferred Tax Liabilities, NetUSD | 0Source | 0Source | — | — |
| Long-term DebtUSD | 4,880,960Source | — | — | — |
| Long-term Debt, Excluding Current MaturitiesUSD | 4,880,960Source | — | — | — |
cash flow · annual statements
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -13,589,546Source | -7,053,492Source | -2,744,583Source | -1,987,877Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 1,263,620Source | 627,495Source | 0Source | 625,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 632,509Source | -118,502Source | 113,074Source | — |
| Increase (Decrease) in InventoriesUSD | 550,329Source | -217,094Source | 235,988Source | -80,750Source |
| Increase (Decrease) in Accounts PayableUSD | 1,163,876Source | 334,486Source | 32,448Source | 38,979Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -7,861,240Source | -6,498,943Source | -1,098,134Source | -1,485,069Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -2,433,113Source | -7,847Source | -802,407Source | -750,575Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 4,341Source | 2,543Source | 0Source | 7,058Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 10,503,188Source | 4,561,300Source | 4,358,391Source | 1,955,969Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 450,943Source | -1,971,054Source | 2,468,580Source | -270,520Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 1,155,289Source | 704,346Source | 2,675,400Source | 206,820Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 504,347Source | 0Source | 0Source | 0Source |
| Income Taxes Paid, NetUSD | 0Source | 0Source | 0Source | 0Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 242,108Source | -30,868Source | 10,730Source | 9,155Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | — | 472,219Source | — | — |
| Amortization of Debt Issuance Costs and DiscountsUSD | — | -141,529Source | — | — |
| Amortization of Intangible AssetsUSD | 173,739Source | 43,081Source | — | 3,177Source |
| Cash, Cash Equivalents, and Short-term InvestmentsUSD | — | — | — | 134Source |
| DepreciationUSD | 2,448Source | 3,225Source | 2,194Source | 1,219Source |
| Derivative, Gain (Loss) on Derivative, NetUSD | 845,280Source | -72,927Source | — | — |
| Foreign Currency Transaction Gain (Loss), RealizedUSD | — | — | — | 9,258Source |
| Gain (Loss) on InvestmentsUSD | 0Source | 0Source | -1,191,890Source | 8,039Source |
| Gain (Loss) on Sale of DerivativesUSD | 856,389Source | -168,358Source | — | — |
| Income Tax Expense (Benefit)USD | 0Source | — | — | — |
| Net Income (Loss) Attributable to ParentUSD | -13,589,546Source | -7,053,492Source | -2,744,583Source | -1,997,135Source |
| Nonoperating Income (Expense)USD | — | 6,320Source | -5,750Source | -6,855Source |
| Operating ExpensesUSD | 11,925,399Source | 7,449,148Source | 1,602,897Source | 1,989,830Source |
| Other Nonoperating Income (Expense)USD | -48,101Source | — | — | — |
| Proceeds from Issuance of Common StockUSD | 242,000Source | 1,709,437Source | 4,321,891Source | — |
| Proceeds from Issuance of Long-term DebtUSD | 4,788,155Source | — | — | 100,000Source |
| Stock or Unit Option Plan ExpenseUSD | 582,551Source | — | — | — |
income statement · annual statements
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total RevenueUSD | 55,860,322Source | 3,163,772Source | 412,057Source | 9,833Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Operating Income (Loss)USD | -11,065,557Source | -6,647,681Source | -1,546,943Source | -1,981,022Source |
| Other Nonoperating Income (Expense)USD | -48,101Source | — | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -13,589,546Source | -7,053,492Source | -2,744,583Source | -1,987,877Source |
| Income Tax Expense (Benefit)USD | 0Source | — | — | — |
| Net Income (Loss) Attributable to ParentUSD | -13,589,546Source | -7,053,492Source | -2,744,583Source | -1,997,135Source |
| Earnings Per Share, BasicUSD per share | -0.16Source | — | — | — |
| Earnings Per Share, DilutedUSD per share | -0.16Source | -0.08Source | — | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 86,718,447Source | — | — | — |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 86,718,447Source | 83,559,068Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 173,739Source | 43,081Source | — | 3,177Source |
| Current Income Tax Expense (Benefit)USD | 0Source | 0Source | — | — |
| Depreciation, Depletion and Amortization, NonproductionUSD | 197,804Source | — | — | — |
| Foreign Currency Transaction Gain (Loss), RealizedUSD | — | — | — | 9,258Source |
| Gain (Loss) on InvestmentsUSD | 0Source | 0Source | -1,191,890Source | 8,039Source |
| Gross ProfitUSD | 859,842Source | 801,467Source | 55,954Source | 8,808Source |
| Interest ExpenseUSD | 3,321,168Source | 339,204Source | 35,856Source | — |
| Nonoperating Income (Expense)USD | — | 6,320Source | -5,750Source | -6,855Source |
| Operating ExpensesUSD | 11,925,399Source | 7,449,148Source | 1,602,897Source | 1,989,830Source |
| Other Cost and Expense, OperatingUSD | 1,229,690Source | 771,123Source | — | — |
| Other ExpensesUSD | — | — | 384,215Source | — |
| Other General ExpenseUSD | — | — | — | 271,519Source |
| Other Operating IncomeUSD | — | 11,990,834Source | 4,937,342Source | 2,192,106Source |
Filing attachments
karx_ex991.htm · 8-K · 2026-06-25
EX-99.1 2 karx_ex991.htm PRESS RELEASE karx_ex991.htm EXHIBIT 99.1 Karbon-X Corp. 540 5 Ave SW #1720, Calgary, AB T2P 0M2 Karbon-X Advances Large-Scale Senegal Blue Carbon Project as Second Globally Registered Under Verra's VM0033 Methodology 7,500-hectare Senegal blue carbon initiative achieves Verra registration, marking a significant project development milestone for Karbon-X Karbon-X Corp. (OTCQB: KARX) ("Karbon-X" or the "Company"), a vertically integrated climate solutions compan…
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