KARX · Karbon-X Corp. · Off Exchange
Substantial doubt about the company's ability to continue as a going concern.
“Accordingly, these factors raise substantial doubt as to the Company’s ability to continue as a going concern.”View the 10-Q filed Oct 20, 2026
One customer — 86% of revenue (the year ended May 31, 2026)
“One customer accounted for approximately 86% of consolidated revenue (approximately $47.9 million) for the year ended May 31, 2026; no other customer exceeded 10% of consolidated revenue.”
One customer — 69% of receivables (May 31, 2026)
“At May 31, 2026 one customer accounted for $434,846, or 69 percent, of trade accounts receivable, arising from a sale of emission performance credits invoiced on May 27, 2026 and collected on June 4, 2026”
One customer — 25% of receivables (May 31, 2026)
“a second customer accounted for $157,596, or 25 percent, arising from a sale of credits invoiced in April 2026 for which title passed on June 2, 2026 and payment was received on July 21, 2026; the related revenue was deferred at May 31, 2026”
Weekly off-exchange (dark pool / OTC) trading volume reported to FINRA under its OTC/ATS Transparency data. ATS volume is executed on alternating trading systems (dark pools); non-ATS OTC is other over-the-counter dealer volume. The off-exchange share is total off-exchange volume as a percentage of consolidated weekly trading volume for the same Monday–Friday week.
Off-Exchange Volume History
| Week Start | ATS Volume | Non-ATS OTC Volume | Total Off-Exchange | % of FINRA Weekly Volume |
|---|---|---|---|---|
| 2026-09-14 | 78,549 | 56,186 | 134,735 | 94.7% |
| 2026-09-07 | 155,900 | 84,202 | 240,102 | 100.0% |
| 2026-08-31 | 166,000 | 0 | 166,000 | 100.0% |
| 2026-08-24 | 26,500 | 24,535 | 51,035 | 100.0% |
| 2026-08-17 | 190,500 | 199,350 | 389,850 | 100.0% |
| 2026-08-10 | 106,600 | 334,731 | 441,331 | 100.0% |
| 2026-08-03 | 360,900 | 25,500 | 386,400 | 100.0% |
| 2026-07-27 | 131,490 | 75,501 | 206,991 | 100.0% |
| 2026-07-20 | 150,200 | 75,125 | 225,325 | 100.0% |
| 2026-07-13 | 93,200 | 57,900 | 151,100 | 100.0% |
| 2026-07-06 | 62,100 | 67,469 | 129,569 | 100.0% |
| 2026-06-29 | 175,590 | 111,272 | 286,862 | 100.0% |
| 2026-06-22 | 35,074 | 159,309 | 194,383 | 100.0% |
| 2026-06-15 | 61,100 | 32,292 | 93,392 | 100.0% |
| 2026-06-08 | 17,511 | 65,512 | 83,023 | 100.0% |
| 2026-06-01 | 41,950 | 264,606 | 306,556 | 100.0% |
| 2026-05-25 | 61,133 | 139,608 | 200,741 | 100.0% |
| 2026-05-18 | 33,404 | 17,010 | 50,414 | 100.0% |
| 2026-05-11 | 28,103 | 89,046 | 117,149 | 100.0% |
| 2026-05-04 | 0 | 2,030 | 2,030 | 100.0% |
| 2026-04-27 | 11,090 | 34,477 | 45,567 | 100.0% |
| 2026-04-20 | 91,800 | 203,033 | 294,833 | 100.0% |
| 2026-04-13 | 21,500 | 206,105 | 227,605 | 100.0% |
| 2026-04-06 | 8,627 | 136,623 | 145,250 | 100.0% |
| 2026-03-30 | 500 | 173,595 | 174,095 | 100.0% |
| 2026-03-23 | 70,000 | 67,705 | 137,705 | 100.0% |
| 2026-03-16 | 11,351 | 4,449 | 15,800 | 100.0% |
| 2026-03-09 | 20,277 | 18,900 | 39,177 | 100.0% |
| 2026-03-02 | 27,600 | 50,850 | 78,450 | 100.0% |
| 2026-02-23 | 5,085 | 1,500 | 6,585 | 100.0% |
| 2026-02-09 | 0 | 175 | 175 | 100.0% |
| 2026-02-02 | 0 | 825 | 825 | 100.0% |
| 2026-01-26 | 18,000 | 0 | 18,000 | 100.0% |
| 2026-01-19 | 8,500 | 5,030 | 13,530 | 100.0% |
| 2026-01-12 | 10,000 | 15,722 | 25,722 | 100.0% |
| 2026-01-05 | 100 | 17,500 | 17,600 | 100.0% |
| 2025-12-29 | 10,000 | 45,000 | 55,000 | 100.0% |
| 2025-12-22 | 20,000 | 70,015 | 90,015 | 100.0% |
| 2025-12-15 | 10,000 | 10,084 | 20,084 | 100.0% |
| 2025-12-08 | 9,500 | 31,000 | 40,500 | 100.0% |
| 2025-12-01 | 10,500 | 122,822 | 133,322 | 100.0% |
| 2025-11-24 | 10,000 | 44,712 | 54,712 | 100.0% |
| 2025-11-17 | 300 | 114,600 | 114,900 | 100.0% |
| 2025-11-10 | 14,500 | 37,482 | 51,982 | 100.0% |
| 2025-11-03 | 63,723 | 151,068 | 214,791 | 100.0% |
| 2025-10-27 | 48,600 | 100,243 | 148,843 | 100.0% |