---
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"
generated_at: "2026-06-24T19:46:18.239476+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Reviv3 Procare completes acquisition of Axil; filed financials show Axil's 2021 net loss of $2.4M and going concern

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001520138-22-000283
- JSON: https://secwatch.observer/filing/0001520138-22-000283.json
- Plain text: https://secwatch.observer/filing/0001520138-22-000283.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.