{"schema_version":"secwatch.filing_event.v1","accession":"0001520138-22-000283","form_type":"8-K/A","ticker":"AXIL","cik":"0001718500","company_name":"Axil Brands, Inc.","filed_at":"2022-07-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:56.774344+00:00","generated_at":"2026-06-24T19:46:18.239476+00:00","sec_items":["2.01","9.01"],"event_type":"m_and_a","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Reviv3 Procare completes acquisition of Axil; filed financials show Axil's 2021 net loss of $2.4M and going concern","bullets":["Axil's 2021 net sales $13.6M, net loss $2.4M; 2020 net income $952k.","Axil had accumulated deficit of $3.04M at Dec 31, 2021; auditor cites going concern doubt.","Pro forma unaudited financials filed for combined entity as of May 31, 2022.","Axil's cash used in operations $164k in 2021; equity raised $2.33M from stock issuance."],"urls":{"canonical":"https://secwatch.observer/filing/0001520138-22-000283","json":"https://secwatch.observer/filing/0001520138-22-000283.json","markdown":"https://secwatch.observer/filing/0001520138-22-000283.md","text":"https://secwatch.observer/filing/0001520138-22-000283.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1718500/000152013822000283/0001520138-22-000283-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1718500/000152013822000283/rviv-20220616_8ka1.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-24T19:46:18.239476+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}